davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
OCTOBER DIVIDENDS
FROM G0LDFIELD MINES

Goldfield, Oct. 4.-Two leasing COM
panes, the Mohawk-JumbO and the
Frances Mohawk. today distributed divi-
dends to the amount of S151.O00. the for
mer paying 10 cents a share, amounting to
$50 600, and the latter 10 cents a share on
81 200 shares. The Mohawk-Jumbo also
posted third dividend of $4,000 payable
October %. On the same date the Decent
dividend of the Consolidated Mines COM
pany which amounts to $360,000, will be
paid making a total of S571.O00 for the
month, to which will probably be added
$10001J from the Little Florence.
These dividends brings the total for
three months up to 1881, 900, and will very
likely be followed by others. The Jumbo
Extension has more than 100000 in the
treasury; the amount exceeded $4,000 Sep
TENDER LIST and the Mohawk-Jumbo lease
has paid the company royalties during the
past month of probably $4,000. The
Florence oldfield has half a million in
the bank and will get a quarter of mil
lion more from the Little Florence royal
ties before that lease expires, from the
ore which is now blocked out. If the ore
shoot continues down to the 500-foot level,
where the level will be encountered with
the new shaft that amount will be
doubled. In addition the Florence has
100000 worth of mill ore blocked out
in the mine and has a 150-ton plant for
the reduction of this ore well under way.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
HE|NzE SLATED
FOR APEX FIGHT
Spokane Paper Says Big 0per-
ator Will Have to Fight Bunk
er Hill and Sullivan.
STORY DESIGNATED AS ROT
BY REPRESENTATIVE AT HEINzE
OFFICES HERE.
STORY DESIGNATED AS ROT

"Heinze must fight Bunker Hill or lose
vast wealth of Stewart mine'
Under this startling heading the Spo-
kane Daily Chronicle of Tuesday, pub
fishes a story of apex troubles that il
Hill and Sullivan company, of the Occur
d Alenes, and F. Augustus Heinze, owner
of the Stewart lead mines adjoining the
Bunker Hill and Sullivan possessions on
the west. The opening paragraphs of the
story read Ike this:
IF. Augustus Heinze, the great Butte
operator, F. w. Bradley, president of the
Bunker Hill and Sullivan, the Bunker Hill
company itself. and probably the Federal
Mining K Smelling company. will soon be
involved in one of the bitterest legal bat
ties ever fought over a Occur d'Alene
mining property.
May Tie Up Millions.
1.-THE big fight, which has been regard
ed as inevitable for the last year, bids fair
to cost some hundreds of thousands of
dollars, may close down certain parts of
the Bunker Hill and Sullivan mine-the
largest silVer-lead mine in the world-and
will tie up millions of dollars worth of
ore. In short, the Wardner section of the
Occur d'Alenes faces much such legal
battle as was carried on for many years
by HeinZe at Butte-a struggle of Titans
for the mineral wealth buried in the Occur
d Alene mountains.
Already the Stewart mine, Heinze'
property, is closed down indefinitely, and
the new Stewart mill, erected at cost of
many thousands of dollars. has been shut
down after a run of less than a fort
night. Heinze, in short, finds himself
compelled to fight for the right to mine
the Stewart ore bodies at depth. If he
wins he will be in control of one of the
most promising properties in the Occur
d. Alenes, and may be able to harass his
big opponents, the Bunker Hill and the
Federal. If he loses, the Stewart will be a
Worked-Out property in two years or
less"
There Is Nothing in 1t.
The story was submitted to a personal
representative of Mr.. Heinze's yesterday
afternoon and he emphatically declared
that it was all rot. He has been at the
properties of the Stewart company for
remotest possibility of litigation between
Mr.. HeinZe and the Bunker Hill and Sui
Ivan cr any other company. There is no
questions of apex or other matters of
controversy between the parties named
and the ledge running through the prop
critics does not take the course indicated
IN the map accompanying the Chronicles
story. +. w. Bradley, chief owner of a
claim on the west of the Stewards do
main from which the tunnel of the Stew
art company was started and upon which
the stewart mill was erected has been
negotiated with for perpetual right to al
low the operations of the Stewart com
pany through that ground and that mat
ter, 1t is understood, has been amcably
adjusted. 1t has been these negotiations
SO far as can be learned. that has formed
the basis for the Chronicles story that
rights to mine the Stewart were to be
litigated.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
Mining Notes.

There was released from the Pioneer
sampler yesterday ten cars of ore from
Utah mines.
Willard F. Snyder and c. o. EllingwoOd
will leave for New York and Boston to-
day.
Fred A. Flindt and T. L. Walden left
for Yerington last night to look after
their business interests there.
Eighteen cars of ore from Utah, one
from Colorado and one from Nevada were
released from the Taylor & Brunton sam
pier yesterday
Manager George w. Lambourne of the
Daly-Judge returned from camp Thursday
night He reports everything running
smoothly at the property.
Cross-cutting for the vein on the 400-
foot level of the Cedar property is now
under way and the expectation is that
connections will be made during the next
few days.
M. j. Hall, the old-time Park City min
err and hosting engineer, who is now
watching at the Silver King Consolidated
properties, is down from camp on a brief
business trip.
Superintendent c. c. Griggs of the I'm
Gle Sam and May Day properties is in
from camp TO visit the state fair He
says there never was a time when either
the Uncle Sam or May Day properties
had so much ore exposed as at the pres
ent time, nor was the average grade ever
so good
The expected dividend of the Mammoth
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
COPPER METAL SITUATION.
Wire Manufacturers Put the Price
Up, Hurting the Trade.

A message over the Pollock private
wires quotes the Boston News Bureau on
the copper metal situation as follows:
While in the aggregate, a considerable
volume of copper is moving in the sup
ply of ordinary trade demands, there is
nevertheless declining price tendency.
Gables received yesterday from Europe
stated that electrOlytic brands were Of
fered as low as 967 &c, which is equiva-
lent to s14.25 on this side, the lowest figure
which has recently come to New York
The best opinion is that. Notwithstanding
the restricted output of Amalgamated
and the so-called Cole-Ryan properties.
the production today is slightly in excess
of consumption.
This falling off in consumption is al
most wholly the result of cessation of
demand from copper wire manufacturers
1t was the wire people who made the 261b-
cent price few months ago, and it is the
wire people who are responsible in a
large measure for the present trade con-
ditions. They over-bought on the advanc-
Ing market, ana now report that there is
absolutely nothing doing in their depart-
ment of finished goods in the market II
is conservatiyely estimated that at least
90 per cent of the American consumption
of 700,OO0,o00 pounds last year was for
wire drawing purposes. 1t is easy. there
fore, TO understand the present accumu-
lating supplies when it is known that
copper wire business is at q standsfil
Probably a half of the CONSUMPTION Of
350,o00,000 pounds which went into wire
was in connection with electric traction
and electric power plants which were
built for flotation purposes
Money conditions have precluded the
sale Of traction securities and so the
pounds of copper which last
year advanced the price to 26ls cents are
now hanging over the market and con-
stitute, in effect, a portion of accumulate
ed surplus. We have made some inves-
tigation, and found by far the majority
OF present accumulation by 70 per cent
is being carried by the United Metals
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05

Selling company and Phelps, Dodge &
Co, who have allied themselves for the
present at least with the selling agency.
The American Selling company, Calumet
& Hecla and the Vogelstein people have
been selling copper as fast as the market
would take it and they did not hold to
any fixed price when it was found that
concessions did not bring orders. They
have been determined to sell copper and
have done so. Of course, the Metals Sell
ing company. and Phelps, Dodge & Co.
have sold some copper from time to time,
but in respect to the larger orders, they
have been outgeneralled by the other
trade interests.
''The demand during the. past sixty
days has come largely from Paris. A
great manufacturer, who consumes 40.000,-
600 pounds of copper annually, states that
since July l there has been a deplorable
lack of demand for copper wire products
and that the conditions in the United
States have an exact counterpart in Ger
many"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
MOVE TO HELP
PRICE OF LEAD
Producers and Shelters Join
ing to CurtaiI Production
for Dull Season.
NORTH AND NORTHWEST IN
AND PLAN is BEING SUGGESTED
HERE.

From the looks Of things the produc-
ton OF lead ores is going TO be material
ly trimmed, just as is the production of
copper in all of the big camps of the
country 1t is not contended that there
is such an awful surplus of lead in the
country today, but the argument is ad-
Vanced that business is so dull that, if
some provision is not made to curtail the
production of the black metal, it win not
be long till the accumulation of the re-
lined article will become so large that
sharp decline in the price will be forced.
II is asserted that the mines and smelt-
ers OF the north and northwest have al
ready begun TO cut down production and
the same plan is now being suggested by
some Of the shelters here to the produce
ers with whom they have contracts. The
BELIEF appears to be general that the best
way to meet conditions that now con-
front the producers and smelters of lead,
as well as copper ores, is toework in to-
gether and prevent the overlooking of
what is conceded to be a slumpy and
treacherous market.
Within the past month or two the price
of lead has been cut 70 cents per 100
pounds. The natural dull season for the
consumption of the refined and CONNER
cial grades of lead is at hand and it is
argued that it would be equivalent to in
wiling much lower prices to crowd the
market. The suggestion of a curtailment
is coming from the smelling and not from
the mining sources. The lead-silver mines
of this region were never in such splen-
did shape to make records for produc-
ton, but it is counted as reasonable on
the part of the smelters that the pro-
Queer had better reserve and build up his
mining capacity just at present, rather
than crowd the production and get less
for his ore during the period of stagna-
ton in business and unfavorable weather
conditions for the use of paints and other
products that have such bearing on the
utilization of the metal
Viewed in the light of business sagacity
it is considered safe to say that the
miners and smeltermen will work in har-
mony to keep up the price of the metal
until the inevitable change for the better
in business conditions is brought about.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
BIG STRIKE MADE IN
BINGHAM AMALGAMATEu

A strike has been made in the \
+ properties of the Bingham Amalga- .
= mated company at Bingham that is :
= causing all kinds of comment, and !
Z which it is claimed makes shipping !
+ proposition of the property right i
+ from the turn loose. Six feet of ore =
has been opened in the tunnel work !
+ ings, four feet of which carries to !
= per cent copper, while a twO-foOt y
Z streak is expected to average all Of =
70 per cent in the red metal. 1t was y
= the news of this strike, released by \
the management yesterday, that \
y caused the stock of the Copper i
= Glance company, the control of which 4
= Is with the Amalgamated company, )
= to jump during the open board ses-
sion of the mining exchange yester- !
= day afternoon.
y 1t has been stoutly maintained for \
= some time past that important dis \
= closures were going to be made in \
the property before a great while, y
7 and 1t now looks as though the +
= goods were ready for delivery. \
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
OOINGS OF UNLISTED
STOCKS ON EXCHANGE

Copper Glance, which has been hanging
around Is cents share for about month,
took squirt yesterday and sold in large
quantities all the way from Is to Is cents
share. the advance being attributed to a
strike that has been made in the Bingham
Amalgamated company's property at
Bingham, the company which controls
Copper Glance. This business and a sale
of Emma at 10 cents and a transfer of
Bingham Standard at 81 cents, covered the
trading in unlisted stocks.
Consolidated Flagstaff was offered at
So cents, Mountain Dell at 20 cents and
Mason Valley at $3.50. Ely Witch was
quoted at 80 to 80 cents, Newhouse at ST. so
to sS.37l9. Ohio Copper at $4.15 to $3.50, Ohio
Kentucky at 81. 70 to s., and Uintah Treas
ure Hill at 80 to 80 cents.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
BIG STRIKE IN DAISY
ADJOINING GREAT BEND

Garfield, Oct. A magnificent body of
rich ore was encountered last night in the
lease of the Daisy Leasing Mining COM
pany on the west end of the Daisy ground
adjoining the Great Bend mine. Average
samples taken from a full face show
values, principally in gold, ranging all
the way from SOL to $3.50, the latter car
rying 6S.40 ounces silver. Specimens
picked from the pile after the first round
of shots show native silver.
The lease adjoins the famous Detch-
Brewer lease, the ore from which con-
tanned free gold and horn silver. The
ore body was followed from the surface,
but was broken up, with irregular values,
until the 250-foot level was reached where
a solid ore body was opened. Manager
Searles of the Daisy says IL is the best
body of ore yet opened in the Daisy mine.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
Mines and Mining Stocks
NORTH G0DIVA COMPANY
FILES ARTICLES AT PROVO

Provo, Oct. 4.-Articles of incorpora-
ton of the North Godiva Consolidated
Mining company have been filed for rec
ord. Provo is the principal place of bust
ness. The capital stock is 100000, in
shares of the par value of 10 cents. The
Beck Tunnel Consolidated Mining COM
pany owns 154, $50 shares, and 400 900 shares
are held as treasury stock.
The company owns a large section of
mineral ground on the northeast of the
Godivas company ground in Tintic, on
which the capitalization is based. The
directors and officers are: Jesse Knight,
president; j. William Knight, vice presi-
dent; r. E Allen, secretary and treas
urer; Jackson c. McCrystal and William
R. Wallace.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
MINING STOCK EXCHANGE.
While Trading Continues Lively,
Prices Are Gradually Softening.

While trading has been good every day
on the local exchange for a week. there
is a gradual softening of prices and indi-
cations that the market will be slower
for some time to come. There is so much
in the way of rumor concerning metal
markets and the inability TO dispose of
accumulated products, that spectators
and investors are all timid. Mine condi-
tons were never better. however, and
when the country again shows signs OF
sanity there should be an Improvement.
During yesterdays two regular and
open board calls a total of 39, $40 shares
of stock, with selling value of S5S, 437 10,
changed hands. Following is the list of
final quotations and record of sales made
during the day:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05


company has not yet been announced, but
the talent is looking for it every day.
There was a report that important devei-
opments had taken place on the 800 level
of the property yesterday, but 1t could
not be confirmed at the offices of the
company.
o. C. Nelson, prominent lawyer and
promoter of Ely, New, Is at the Wilson.
Mr.. Nelson was one of the first of the
shrewd men in the Ely field and made a
fortune in mines and real estate in that
camp. He says that work on the big
smeiter there is progressing steadily and
that much development work is being
done at the mines. Owing to his enlarg-
ing interests. Mr.. Nelson will soon open
an office in Reno, with s. D. Crump and
Judge Fitzgerald as his associates.
.. pBERNpoRFER.
Stock Croker.
Tel Bell ssx lsl s. Main ST.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
Forenoon Sales.

Columbus Con. 1O0dS445
Mammoth, 100Qs1.7711z; 1OO0s1.S5, buyer CO.;
1OOQ$1: S215; 1OJQ$1S215, seller 90.
May Day, 1,6O0q6Sc; 50Gq6Sc, seller CO.
Star Con, 600@44c.
Uncle Sam, 2,0OOqs1.55; 1,OoOQ$ 5211z; 5O0a
S1.52l9, seller 30
Beck Tunnel, 10OdS1.75; 10O6s1 721k. seller
90; 7O0dS17219, seller 30; 950ds1. 7215.
Colorado Mining, 50ds6; 2O0dS5 50: 2O06
s., buyer 60.
Crown Point, 1,0O0d67c; 2,20066Sc.
Iron Blossom, 1,O00GS6c, seller 60; 3OeGS7c
Mountain Lake. 2,000Gb57c; 3ooG5Sc.
South Columbus Con, 200G$1 So
Sioux Con-, /, 2O0447c; 100d4Sc; S,6OO146c:
l. 90OdI5c.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05

Stocks in San Francisco.
The closing quotations on Nevada
stocks in San Francisco yesterday, as re-
ported over private wires of James A.
Pollock & Co.. were as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
WEEKS SHIPMENTS
FROM TINTIC MINES
Especial to The Herald.l

Eureka, Oct. 4.-During the week ending
last night there was forwarded to the val
ley shelters from the mines of Tintic dis
trict 143 carloads of ore, as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
COPPER STOCKS IN
BOSTON AND NEW YORK

FOLLOWING is the daily market comment
of Paine, Weber & Co, Boston, together
with the range of prices of copper stocks
and other Boston listtngs in which the
west is interested, as well as a similar
report on New York curb transactions, a
feature that has just been added by
James A Pollock & Co. to its private
wire service. and from which 1t is Sc
cured for use in this department of The
Herald.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
Open Board.

Beck Tunnel, 1,5O09s1.70. seller 30.
Crown Point, 14Gd66c; 1O0d67c.
Joe Bowers, 1,00oG11zc.
May Day. 6O0a67c; 3,O00667c, seller 60:
/, 000G69c, buyer 3d.
Mountain Lake, 900G57c
Seven Troughs. 300d36c; 20GG35c.
Uncle Sam, 3oOQS1. 5213
Victor, 3006l1412c.
Yankee, 500666c
Shares sold, 30 240
Selling value, SO, $685.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05

Boston, Oct. 4.-The selling of Greene
Cananea and Balaklala was noticeable to-
day. The balance of the market was
very dull; in fact, brokers say it was the
dullest day on record. Copper is selling
fairly freely at 10 cents and it does not
look as if 4 would go much lower. Diff
ferent lines of business are reporting dull
ness and we see nothing ahead to cause
any bull market
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
Utah LithosraphIns Company,

45-47 Richards Street.
Stock Certificates, Bonds and Diplomas
Bank Quitting and commercial sta.
tonery speciality.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05
Afternoon Sales.

May Day. 1.OOOQ67c; 1.5OOQ66c, seller 60;
500d66c.
Star Con. 500d44c
Uncle Sam, 6O0ds1. 5211
Beck Tunnel, 2401G$1.70
Colorado Mining. 1OO6s5. IS: 1O0ds5 50: 200
QS5.75; DoQs5.70; 100Q$5.75. buyer co.
500dS6c, seller co; 4O0G67c
Iron Blossom 10OS6c.
Victor, 50OG14c. buyer 50; 3e0a14c.
Open Board.
Beck Tunnel, 2G0G$1. TO-
Crown Point, 5O0667c, buyer 80: 5D066sc.
Daly-Judge, 5000$5.50
May Day, 1,0o0Q67c, seller so; 7o0666c
Mammoth. 1G0GS1.90; 500dS1. 971s; 5O0as2. co.
buyer 60; 500S2O0 WV
Sioux Con, 200645c.
Uncle Sam, 1o00M$l.5O.
Shares sold. IL 300
Selling value, S23 1850
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05

Nebeker & Currie, Stock Brokers,
224 d. F. Walker Bldg. Phone 29O4.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-10-05

Comstock.
The Montgomery advertiser., 1907-09-22
BIG CONSOLIDATION
THREE TELEPHONE COMPANIES
 FORM NEW CORPORATION.
The Capital stock VIII Be Sixty MiI- Hon Dollars, Less Than Com- bined Capital of old
 Compan nies.

2 Washington, Sept. 21.-The consoli- dation of the Bell Telephone Company of Philadelphia, the Pennsylvania Telephone Company, and the Chesa- peake and Potomac Telephone Com pany, all licensees of the American Bell Telephone Company, operating in Southern New Jersey, Pennsylvania, Delaware, Maryland, the District of Columbia, Northern Virginia and West Virginia, was announced today at the offices of the Chesapeake and Potomac Telephone Company in this city.
 The companies involved operate over 300, 900 telephones, but are not compet- itors. as they do not own parallel lines. The purpose of the consolidation is said to be greater economy and efii- cheney in administration and operation and greater facility in financing fur ther extensions and enlargements.
 The authorized capital stock of the new company will be $60,000,000. which Is less than the combined capital and outstanding indebtedness of the old companies. The capital stock pro- vided for is sufficient, 1t is stated. to retire all of the old stock, discharge the floating indebtedness of all the companies and provide for several years growth.
The Montgomery advertiser., 1907-09-22

that his chances of reaching the pres- idency are exceedingly remote. There fore, he has little to lose. and SO long as 1t an1uses him to put the screws" to the president and his candidate. he will go about rejoicing in the conflict and making as much trouble as possi- ble for those opposed to him.
 The triumph of Tom Johnson in the Democratic primary in Cleveland Is pleasing to his friends throughout the State, and they are confident that he win be able to lay Congressman Bur ton snugly away among the political has-beens when the regular election comes off.
 In Cincinnati, where the Republi- cans have been dreaming dreams about ousting the Democrats by the use of Nick Longworth, considerable doubt is entertained as to the willingness of the latter to risk the experiment.
 The novelty of Q national adminis- tration mixing in municipal politics has made some ward and township workers in this State right giddy, and has served to awaken national interest in local fig ats. The situation is caus- ing the Democrats more amusement than alarm. Some of them, however, would like to know just where presi- dential interference in municipal af- fairs will stop--will the nations Chief Executive be satisfied to merely mix in mayoralty fights. or will he carry the weight of his influence into the aldermanic contests and the sanguin- ary battles over such jobs as road su- pervisor and pound keeper2 In other words, they want to know what's the limit in the Presidents little game of politics, or, as some express 1t, the Presidents game of little politics.