davidaulloa/AmericanStories huggingface dataset:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
BOSTON EDITOR
IS OPTIMISTIC
George |. Walker is Confident
Stock Market Panic Has
Run Its Course.
GREATER DEMAND FOR METAL
Appears to Be Certainty--Will Visit
Mines of Bingham While
Here,

George l.. Walker, editor OF the Bos-
ton Commercial. and one of the best
copper authorities in the United States,
and author of the Walker copper let
tiers. is stopping at the Knutsford and
is accompanied by Mrs. Walker.
The well known editor has been maxi
ing a tour of the western mining camps,
having visited Butte, British Columbia
districts, the Balaklalla and other
mines in Shasta county, Cal, the Ne
vada Douglas and other mines AT YER
ington, the Nevada Consolidated and
the more important mines at ely, New.
1t is his intention now 10 go to Bfng-
ham and possibly Park City before re-
turning to the Atlantic seaboard.
When seen by a representative OF the
News" today, Mr.. Walker consented to
say something about the copper situa-
ton and expressed himself by declar-
ing that Notwithstanding the chaotic
condition of the metal markets at the
present time and the rather serious
plight of some of the copper stocks. he
views the future with good deal OF
optimism. No.
the confidence of the financial interests
has been considerably shaken lately
and as a consequence We have seen
general recession In prices. However
believe the worst Is over and therefore,
the outlook for the future Is favorable.
/ have found out during this tI1p
through the west that plans are matur-
ing for the more extensive development
of water power and for the purpose OF
generating electricity for uses in mining
and manufacturing and mining enter
prises The present coal famine IN
Utah, and throughout the west FOR that
matter. is an imperative demand tor the
utilization of water and electric power
for manufacturing, transportation ana
other enterprises. Such projects Will
REQUIRE copper and win help to stimu-
late the demand for the. products of the
mines. ,
In my travels, have found no place
where there will be very large ~
crease in copper production during the
ensuing year. On the other mana, IL
the volume of general business Is mar. ,
tanned at anywhere near the level OF
the past two years. there must De
very considerable increase In copper
consumption.
II feel very confident that the presenL
manic in the stock market has run It's
course. and that people who are able
TO buy stocks at the present ievei VIII
make a very substantial proiit.
Mr.. Walker expressed himself as pc
ing very well pleased with some OF the
things he saw in Yerington and at ely,
and will write about them later on.
He visited Bingham about year ago
ana NO doubt will note with consider
able interest the many changes which
have taken place in the meantime.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
CONCENTRATES.

w. V. Rice is expected to return
from trip to Canada in few days.
w. H. Clark has returned from trip
through Nevada, where he went to
look after mining interests.
Capt. Duncan MacVichie has gone
to Butte and the northwest to look over
the various Heinze mining properties.
The ore and bullion settlements re-
ported late yesterday by Mccormick &
company, were: Crude ore and concen-
trate, $4,000; base bullion, $4,000.
The Utah Apex Mining company con-
tinues to ship the output of its Bing-
ham mine to the Ogden Smelling COM
pany at Ogden.
II. L. j. Warren came in from the
west yesterday. He visited Ely and
will leave for the east again shortly.
Thomas Kearns and David Keith of
the Silver King Coalition Mines COM
pany, have returned from trip to
California.
A. G. Burton, we'll known mining
operator of Ely is in the city. Another
mining man from the same place and
who arrived on the same train, is Lee
Gfockner.
Supt A. ID. Moffat of the Newhouse
Mines G. Shelters corporation, was in
the city yesterday and reports that the
mine is opening up bigger and better
on the 700 level.
The Mohawk Combination Leasing
Co., has declared dividend of 10 per
cent. or $4,000. This lease is COM
bination of the Ish-Sheets on the COM
bination.
difference of one cent per pound
in the price of copper makes differ
ence to the copper reproducing mines of
the United States, Mexico and Canada.
of over ST., 900 per annum at The
present rate of production.
l.. S. Rumsden. superintendent of the
lexington Concord property, which is
one of the Woolley enterprises In east
ern Nevada, is in the city. He reports
late developments as being of a favor
able character and expressed no doubt
today about the Lexington developing
into producer of great magnitude.
The highest and lowest points in the
United States are in the same county
and only so miles apart. The highest
Is the summit of Mount Whitney, over
14,5OO feet, in Inyo county, California.
and the lowest is point in Death VAL
ley, which is APT feet below sea level.
Edward X. Zalinski, mining engin-
eer, has returned from trip to Tellur-
ide, Colorado, where he went recently
to conduct an examination of mining
property. He reports having found
very prosperous conditions over in that
country.
The completion OF the Nevada
Northern railroad to the several indc-
pendent mines In the Ely district.
Nevada, as well as to the Nevada Con-
solidated and Cumberland-Ely proper
ties, will greatly help the Ely camp as
whole. Richard A. Parker of Derver.
formerly with the United States Mining
company, and who is visiting Boston
after trip through Nevada, is quoted
as saying: ELY has the greatest cop
per development OF recent years, and
the camp will In time take high rank
among copper producers"
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
RICH COPPER
ore At PI0CHE
----- ------------------
important Developments Have
Been Made in the Mazep-
pi Claim.
THE PROPERTY IS UNDIVIDED.
ncvada-utnh and Ohio Kentucky
Companies Jointly Interested
Should Consolidate.

A private letter received from Ps-
oche conveys the information that an
important strike has been made in the
Mazeppa lode mining claim. which IS
owned jointly between the Ohio Ken
lucky and Nevada Utah companies.
The strike was made by the Nevada
Utah company and an effort has been
made to keen It quiet. But the facts
have gradually leaked out from time to
time until now the camp is gretty well
Informed as to what has been taking
place.
The letter did not give any idea as
to the dimensions of the ore body, any
more than 1t is known to be
large one: that 1t carries high val
ues in copper and about per cent in
lead.
Just how the two companies are go
ing to keep their accounts separate
when each owns an Undivided interest
In so much tsrritory is difficult to un-
derstand unless they come to SONS
agreement regarding the cost of mining
and marketing of the ore. The logi-
cal plan would be to consolidate the
two interests ana operate the property
under orc management. That may y7
be brought about. Such a plan haA
been talked of. but the negotiations
have never been brought to the point
where it looked like contamination
of a deal.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
WHITE PINE CAMPS.
Much Activity Being Displayed in
Them al Present.

While the heated term is on and
many people are taking their summer
outings I doubt II there is a mining
section anywhere in the state that
presents the same vitality and push
that Is displayed In White Pine
county, says Allen @. Bragg I'm the
White Pine News. More particularly is
this true Of Robinson district, whore
several properties have passed from
the stage OF uncertainty TO one OF alb
solute surety The Nevada Con. hold
ings. the Giroux property at Kimber-
~, the Mcdonald Ely and several
other groups have been suhiciently
developed to put them without tho
palc OF doubt All that remains neo-
essary 10 make OF them wealth produo-
Ing properties 10 tho facilities for re-
duclng tho ores already exposed. To
tell OF the enormous wealth OF cop
Yer ore already booked out IN this
district would be but repeating q
story often told. Besides the mines
already developed there are many
now undergoing The stage OF develop
mant and soon dozens OF properties
that nre yet unknown h the world
VIII DO mado dividend payers, Cher
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15

"a: Grandma, 2o@21: s. p. Ext. l@5:
Y Rose, 9Gpl0 Col Mt. Ext, 5 asked;
Goldneld Con-. 7.459147h; D'fieId Tri-
angle, 21G22,
BULLFROG.
Original asked; Bullfrog Mining,
13G15; Mont. Bullfrog. 3q4; National
Bank 1920; l.. Harris. 293: Amethyst,
25a26; Gold Bar, 6l@62; steinway. 9
asked Denver Bullfrog Annex. Q asked I:
Bonnie Claire, 4o@42 Mayiiower Cons.
34T35; Montgy Sho. Ext, 7@9; G. Scep-
tire bid; Montgomery Ma. 10 asked /;
Il. Diamondfield. 10 asked Homestnke
Cons. ai@92; Y. Girl, asked; Nugget,
4GS; Tramp Cons. 37G3S; Victor
asked; North STAR asked.
OTHER DISTRICTS.
Fairvew sill, King, 90 asked; Fair
view Eagle, 1.25 bid; Nevada Hills,
$40; Pittsburg sill. Peak, 1860 1871 /;
North Star Wonder, asked; Eagles
Nest, "a bid; Ruby Wonder, 25 asked;
Alice of Wonder, 8 asked.
MANHATTAN.
Mani. Cons. 2s bid; Mani. Mining
Co., 567; G. Wedge, Z asked; $. Hum
phrey. 5Gl6 Dexter, 12@13: l.. Joe, 2@3;
Crescent, asked; Combination, 2@3;
Granny, 2i625; Mustang, 20 bid Little
Grey. 90 asked; Cow Boy, 4@5; Ong.
Manu-, 10 bid; Broncho, I bid: j. Jack,
5G6; Buffalo, 3fl4 S. Dog. IL asked; Y.
Horse, Sos; Ind. Camp, bid: Standard,
asked.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15

The iron deposits We're referred to in
course OF the talk with the brother n,
the Montana muiti-millionaire railroad
,residnnf 'S"H
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
LOCAL MARKET REPORT.

Today's local markets are pretty wen
supplied, with all the necessities and
many of the luxuries of the season.
The only thing that dealers were conf
planning of today, was the scarcity of
potatoes as compared with the demand.
Prices generally hold their own; in
fact they are sitter than usual at this
time of year. because the backward
and wet spring has not left the fruits
in as prime a condition as has obtained
In past years. The receipts include
car lots of watermellons, lemons, or
anges and onions from California, with
express shipments of extra fine grapes
from the coast. Utah plums, pears,
cucumbers, and variety of other fruits
and vegetables from this state are be-
ing regularly received. Bananas are
being received from the south and the
first lots of early apples from local
sources are arriving.
The prevailing prices Of today are as
follows:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
MT. NEBo DISTRICT.
Eva Mining Company Making Good
Roadway ut Its Property.

Special Correspondence.
springville. Aug. 15.-The Springville
owners of stock in the Eva Mining COM
pany, operating in the Mt. Nebo mining
district, are very much elated over the
prospects of valuable mine. The shaft
is now down 300 feet and has been sunk
in ore from grass roots to the bottom.
the vein ranging from to IL feet in
thickness, from which number OF
shipments have been made. A tunnel
run In 366 feet In length has been con-
nected with the shaft. Shipments are
being mined showing ore averaging 90
per cent lead, 40 ounces silver, 81 gold.
A boarding house, blacksmith shop and
ore bins are now under construction
and almost completed.
The company has started force OF
men AT work on their new wagon road
TO the mine which they eNpect TO com
plete i'm go days, when shipments VIII
begin to move to the smelters, the prop
erty has a bright future.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
FAIRv1Ew MINING NEWS.
Nevada Hills Manager Secures Lease
On Eagles Nest.
Special CORRESPONDENCE.

Special Correspondence.
Goldfield, New, Aug. Thinning En-
sineer Chas A. Murdoch has just re-
turned from Fairview. which camp has
been the scene of several important
strikes of late. Mr.. Murdock lays
great stress on the recent strike on the
property of the Fairview Eagle, which
he states, is one of the richest in the
entire district.
Engineer Murdoch. w. II. Weber.
general manager of the famous Nevada
Hills: Harry C. Morris and others, at
ter an examination of the rich find on
the Eagle. secured lease on the Ea-
gles Nest property of the Sullivan
Trust company, and are now sinking
the old company shaft to a greater
depth. This work is only a couple Of
hundred feet from the Eagle shaft. and
Their ich veins of the Eagle have been
traced into Eagles Nest ground. and
in fact sensational values have already
been found on the latter estate.
A movement Is now on foot in Fair
view to install o large electric light
plant to supply light and power. as well
as a trolley line from the town to the
various mines fthe distrit.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
OFF FOR GOLD HUNTER
d. T.. Rohlfng Left Today TO Inspect
Northern Idaho Mine.

d. p. Rohlfng accompanied by
Thomas F. Kelley. owner of the Gold
Hunter mine in the Occur d'Alene min
Ing district in northern Idaho, left to-
day on an inspection trip to the above
named property. The Gold Hunter is
reaching an interesting stage OF de-
velopment and late advices from there
have reported the strike of large
body of milling ore in the long tunnel
driven into that mine and which has
been completed to distance of about
1000 feet
The Gold Hunter strike Is an import
ant one for the reason 1t has DEM
onstrated that the boundaries OF the
mineralized area OF the district I'm which
the mine Is located are considerably
broader than has been heretofore sup
posed. Mr.. Rohlfing Is the company S
consulting engineer and the work OF de-
velopment has been carried on along
the lines outlined by him in a report
made to Mr., Keeley several years ago.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
Market Sees Evidences Of vio-
lent Liquidation During
Late Afternoon.
RALLY STARTS NEAR CLOSE.
Prices Fall Again During Last Hour
However, And Everything Gave
Way Precipitately.
Cpelaysa IN Tranemisslon.l

New York, Aug. 14.-violent liQuida-
ton was resumed in the stock mar
iNct this afternoon. The principal
stocks dropped from two to four points.
Amalgamated, Smelling, Steel prefer
red, the Hill stocks and Union Pacific
were leaders In the decline.
The market closed excited. but with
a rally In progress. In the last hour
prices fell at a panic rate and the low
est prices We're general. Liquidation
in Amalgamated Copper, Smelling. I'm
ion Pacific and the Fiji stocks over
whelmed the market and everything
gave way precipitately. Among the de-
clines We're: Amalgamated, 8: Union
Pacific preferred, z; Smelling and Un-
ion Pacific. 6B. Buying orders in the
fast few minutes caused a rally of one
to two points.
Prime mercantile paper, so to elh
per cent
Sterling exchange steady.
Bar silver, 69ia.
Government bonds strong.
Railroad bonds weak.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
CRIPPLE CREEK MINES.
Big Dividends Declared Lately by
Colorado Comapnies.

Special Correspondence.
Cripple Creek. Colo, Aug. Twin
dividend payments running all the way
from $4,000 to Sl2O,OOO by ieading
mines within few days time, and a
monthly production of well over
81 900 900. there Is no discussion here
as to whether mining should be class
ed among the gainful occupations
One company. the Mary Mckinley, re-
ports ore shipments averaging S32.5l
10 the ton during the past year. The
mines OF Bull Hill continue TO hold
the record for production. The re-
cent rich strike of the Isabella at the
900 foot level Is still the talk of the
camp. The Delmonlco, portion Of
the old Stratton estate, is being vigor-
ously developed by its new owners, the
Consolidated Copper Creek company,
whose shaft Ia going down rapidly to
the level where other operators in the
district have usually made their rich
est strikes of pay dirt.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
REGULAR P. NJ. SALES.

Lower Mammoth--2.50O at S.27h
buyer 80; 500 at 3.25; 500 ut 3.a5. buy
er 80; 1000 at 3.27 II, buyer so; 100
a. $50
at 4g; LOO NJ so; 200 at 81.
Uncle Sam Con.--200 at LIE x 400
at 1.15: 1000 at LIS, seller 60; 400
at 1.17k.
Beck Tunnel--100 at 2,2T 500
at 2.S2h Il: 1900 at $50; 100 at 2.2I n,
seller 80.
Crown Point--bO0 at 100; 400 at
LOS; 200 at 1.021s
Iron Blossom--100 at 1.22 Y ; 200 at
1.20. seller so; 1000 at 1,22ia. buyer
60; 1900 at 100; $500 at 1.17h; 100
at 120. buyer. &c.
Mountain Lake--400 at 26.
Victor Con.--1,000 at l24s.
Sioux Con.--1,S 500 at So; 100 at 54;
500 at So, buyer go.
Seven Troughs-20o at 60; 500 at
GO
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
OHIO COPPER.
Official Notice of Special Sharehold-
crs' Meeting Received

Local shareholders Of the Ohio Cop
per company have received official no.
lice of the special meeting of the
shareholders of that corporation which
Is TO be held In Lincoln, Nebraska. on
the nineteenth instant, The object of
this gathering is to authorize the
transfer of the companys property TO
the new Maine corporation, organized
recently with capital stock OF 1900
600 shares of the par value of $40 each
The Nebraska corporation was organ
lied for the same amount OF shares
but of the par value OF 81 each. The
exchange OF stock, which will be in
order after next Mondays meeting
will be on the basis OF share for share
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
WESTERN MARKET LETTER.

Kansas City Stock Yards, Aug. H.
Cattle receipts were small last week,
and the general market advanced l5 TO
25 cents. One shipment OF Colorado
horned steers sold to killers first of the
week. 1885 pound, at s455. The run
today Is heavier than 1t has been any
day previously this season, at $1,000
head market 10 10 cents lower.
Stockers and feeders are IN strong de-
mand, but todays receipts contain an
extra large share Of that class, and
prices are lower, stockers selling at
1895 to si.75, feeders s4.25 to S5.25, veal
calves advanced so cents last week, but
ar lower today, good panhandles selling
nj s5.7b to 1915 heavy calves 81 and up
wards. Grass COWS range from $2.65 to
SA.25, bulls, $40 TO $500 The situation
today is the first that has favored buy.
ers for TWO weeks and they are making
the most OF It, The strike OF the tele-
graphers all over the country has cur
tailed market information and put a
streak OF tlmidity into the operations
OF today, but more firmness viii be evil
dent later In the week. The cattle are
coming better this year than usual.
killing out with better results, and az
the outlet Is practically unlimited. sat-
isfactory markets are predicted for all
fall.
Small shipments from eastern Colo
RADIO made up the supply OF range
sheep and lambs received last week.
and as the supply OF natives was moo
crate. the market was independent O.
outside conditions and ruled stronger
each day. Supply today Is $500 head,
including four cars OF Utah wethers.
lOG pounds at $50, 90 pound yearlngs
at S6.05, and l02 pound Arizona wethers
at $3.50. Lambs are worth mp to s7.75, and
feeding yenrllnas sold recently at $3.50.
Demand from Killers ~ keen, and more
inquiries have been received from tho
country relative TO prospects for seour-
linz stock and breeding stun than ever
before, although the supply OF this class
has hesn below requirements for many
years NJ this market,
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
MUST BUY COPPER.

The treasurer OF q manufacturing
company which consumes 1000. 00O
pounds OF copper per month says.
MANY consumers viii he forced into
the market for copper within fort
night Our works have about two
weeks supply ana at that time II win
not be a question OF price for we
win have 10 have the copper ana I
imagine a great many other consumers
arc In the samec boat
"As vet there has been no actual re-
ductlon N the consumption OF copper,
hut unless there Is n renewal OF conf
dencee which viii force the placing OF
orders now being withheld on The part
OF the consumers OF the manufacturers
a reduced consumption Win soon be
very apparent"
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
MINING DEEDS FILED.
special CORRESPONDENCE.

Special Correspondence.
Provo. Aug. i5.-The following In
struments affecting mining deals have
been filed with the county recorder.
Options to purchase from John Bes-
telmeyer to the r. & S. Promotion
company for n one-half interest In the
Love Wanderer, the White Stallion No.
2. the Combination and the Horse
Shoe-s12 600 ive-twelfths interest in
the Little Silver King, Side Extension
and one-fourth interest in the Grutli
No. 3-sl5,000.
One-half interest in Union Il and
Fraction victory-SS,000.
Deed from Jos. Mielich to John Bes-
telmeyer for one-sixth interest In
the Carbondale Queen. Consideration
81.
John NJ. Bestelmeyer to Jos. Mielich
for one-sixth interest in the Contact
Lode and Union No. 2; consideration 81.
All these properties are in the Tintic
mining district.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
BOSTON COPPER MARKET.

James A. Pollock & CO.. bankers and
brokers. west Second South street,
furnish the following, received over
their private wire this afternoon.
Bcsolc, 10 ask. no bid; Zinc, 2Sls@29;
r. G. 1920 Royale. l3k@14iR; Adven.
ture, 21a@S: Atlantic, 9h@i6; b. Coan,
17Gts; c. e "a, 725@734. Cop. Range,
62IA m63; Franklin, $4,000 Mass 4%@5;
Michigan, 1ih@ts; Mohawk. 674h; os-
ceola. 101@102: Quincy, 95@sI: shan
non, l2% @l3; Trinity, 1905; Victoria
5H@6; Wolverine. 14i asked; Az.
Conil., 15Gt6: u. S. S.. pfd, 1901 :;
Balak., 6ss%sSs; Greene-Cananea 1l7s
Gl2M. La Sale. 10@11; U. S. s.. com.
S9la@S9s,; Bingham. 1oQ12: G. & A..
13lsa14h: CRANKY, 100 asked; Mex.
Con, sls@9; New. Con, 1oT10h; North
Butte. 6214 @62ik; Parrot, 1S&@l45s;
Santa Fe, 2A@21s; Tamarack, so bid;
Utah Con-. 979s7ls; Winona, 5M5's;
Wyandot. S71a@1.0O; Old DOM, 2SA@
ZS9t,
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
IN FROM OIL FIELDS.

o. a. Lundin Is one OF the latest OF
enthusiasts to arrive from Washington
county and has brought with him sam
plese Of oil rock from points two to IL
miles south from st. George in the
Fort Pierces country. He is confident
that an oil strike will soon be made in
that locality. All the land in the re-
gion about st. George, he says. has
been located. as also all that in the Dia-
mond Valley country. MIR. Lundin will
be here for several days. His object
is to interest local capitalists in the
venture. He and his brother control
about 5000 acres.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
Good To Hold.

Is stock that every quarter
Ohree months) pays q dividend at
the rate OF seven 90 per cent per
annum free from all taxes. insur
ance. etc. such dividend payer Is
the PREFERRED STOCK In the
uTAH-fDAHo SUGAR COM
PANY. we can buy for you this
or any other commercial stock that
is on the market. Those who have
bought stocks through US can sell
today for a good advance over the
price paid and have had n good
rate on their Investment in the
meantime. orders TO either buy or
sell promptly and carefully exc
cuted.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-08-15
sTEPToE SHELTER.
One Thousand Men Engaged in Con-



d. c. Mcdonald, who Is In the citv
for a few days to confer with salt
Lake associates. brings the news tina:
splendid Roadway Is being made with
the construction OF the new SteptoA
smelter and that the company has
about a thousand men engaged In cen
struction work at the present time
The steel frame work OF some of the
buildings Is in place. while the fouD-
dations OF 9thers-ara practically COM
ture.
MT Mcdonald says the camp Of Ely
is in n very prosperous condition and
that good reports are coming from all
properties where development Is in pro-
gross. The Mcdonald Ely mine is
looking good.