davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
CAMPAIGN ON
At THE IbEX
New Shaft Is Started and Ore
Is Being Mined From
Old Workings.

The campaign of development at the
hex Gold Mining company's properties in
the Detroit district is now well under
way and Manager David Evans, who re-
turned from camp Tuesday night, ex-
presses himself as altogether satisfied
with the start that has been made. While
at the mines Mr.. Evans designated the
point at which the first big operating
shaft is to go down and saw the start
made. 1t is at the junction of two great
lodges, and while nothing sensational in
the way of values is anticipated close to
the surface, the naturalization of the
ground is so heavy that some ore will be
encountered right from the start.
IN addition TO sinking this shaft" said
Mr.. Evans during the afternoon, I'VE
are working at several other places in the
property where ore was previously de
veloped. In the equipment of the prop
erty with machinery, buildings, etc, and
the building of the pipe line for water,
there will be considerable freighting over
the road from the railroad station. We
aim to mine enough ore from the older
workings of the property to supply the
teams with back freight. thus making it
better for the freighters and the COM
pany as we'll
The surveys for the pipe line have been
practically completed and il will be but
a short time till the work of trenching for
the pipe will be under way.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
INY0 GOLD COMPANY
LISTS ITS SHARES

The Inyo Gold Mining company has had
its application for listing on the local min
ing exchange approved by the listing COM
mittee and the stock will be called for the
first time today In answering the Ques-
tons propOunded in the blank form of
application ii is shown that the COM
pany is capitalized for 81. 100000 in 81 as
sessable shares; that 100000 shares were
placed in the treasury and that 1900
shares OF this allotment have been sold
L. Holbrook is president of the company
and J. r. Twelves is secretary and treas
urer. 1t is shown that the company has
an Indebtedness of SIS, $50 and that there
is no money in the treasury.
The company owns seventeen claims in
the Echo district. Inyo county. Califor-
mia, which have been surveyed for patent
The ground is sixteen miles from a rail-
road and is equipped with a hosting
whim. blacksmith shop. bunk house, min
ing tools, etc, and seven men are now
employed at the property. Development
according to the statement, consists of $50
feet of shaft work. 700 feet of tunneling
and seventy-five feet of cross-cuts No
shipments have yet been made from the
property, but the statement says the esti-
mated amount of gold-Silver ore in sight
is calculated to be worth s650,000
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
UNITED STATES co.
CLEANS UP BIG DEAL

The United States Smelling. Refining &
Mining company, by a unanimous vote of
its board of directors has issued Is. gS4
shares of its preferred stock in exchange
share for share for all of the shares of
the Rea del Monte Mining company
which were not already owned by the
smelling company.
1t is officially announced that by this
exchange the smelling company becomes
practically the sole owner of a property
which is estimated to have more than SIS
0OOO00 net profit in ores already in sight.
This property produces gold and silver
but no lead or copper. One mill is al
ready in operation and a second will be-
gin operations in the near future the
construction work being now substantially
completed.
Fourteen mines have been already. or
are being. opened for the extraction of
ore, and from several of these mines ore
Is now being sent TO the smelters and
mills. The engineers in charge of the
property have advised the company that
when 1t is prepared to increase its OUTPUT
large number of shafts yielding addi-
tional ore of the same quality can be
opened.
The estimated profits from this proD-
erty for the year 1903 are in excess of 81
100000. and il is estimated that this profit
at least should be obtained for an indeff-
mite period.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
UNEASY FEELING
IN WALL Street
Embarrassment of Union Iron
and Steel Company Has
DiSCouraging Effect.
PRICE LEVEL is LOWERED
DOUBT AS TO FUTURE OF COP
PER MARKET.

New York, Sept. 4.-The reaction in
prices Of stocks today was regarded as
being due for the most part to the nat
ural running out of the force towards
recovery which has been operative for
more than a week now. But besides the
normal reaeuOnary tendency due to the
exceptional conditions there was some re-
VlYal OF positive factors of depression.
These had to do mostly with phases of
the anti-cOrpOratiOn agitation. The in
cidents of most influence in reawakening
the subject were the apparent obstacles
placed against the granting of immunity
to the Chicago & Alton for the testimony
in convicting the Standard Oil company
of Relating and the reopening of the hear
IDgS in the local traction inquiry which
is being conducted by the public service
commission.
Another source of uLeasiness was the
doubt whether the copper market would
settle into a stable condition at the lower
price level established by yesterday ;
cut Ihere seemed to be more assurances
on this head abroad than in this country
and copper securities there improved in
contrast with their conspicuous place in
the declining tendency here. American
Smelling did not escape the influence of
the weakness in this group in spite of the
verification in the published annual re-
port OF yesterdays fntimatiOn of the ia
yorabie character of the results shown
from the years operations.
The reported embarrassment of the
Union Iron & Steel company had a dis
/ cOuraging effect on sentiment. The day s
money market showed additional evidence
of the betterment of conditions there in
| the further yielding of time loan rates.
| The sharp upturn in wheat was not dis
regarded in the stock market although it
was attributed principally to foreign crop
conditions
The prOfit-taking toward the end of the
day by bears reduced the declines to some
extent, but the closing tone was easy
Bonds were firm. Total sales, par
value, S1.02S0O
United Sta>ss tours registered declined
q and the coupon Y per cent on call.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
ELECTION Of
CITY ROCKS CO.
Michigan Operators Name
New Directors and Officers
and Will Visit Mine.

The annual meeting of the City Rocks
Mining company was held yesterday aft
ernoon and the reports submitted by the
mine management and the officials of the
company was well received by the share
holders and those representing the larger
Michigan interests. After the acceptance
and filing of the reports directors were
elected for the ensuing year and follow
ing that the new board got together and
organized by electing officers.
w ;. CieaVeS Of Hancock, Mich, pres
ident; John Edwards. Houghton, vice
president; James P. Edwards, Houghton,
secretary and treasurer, W. S Zehring,
Salt Lake, assistant secretary and man.
ager, while the remaining director is Nor
man Nair of Houghton, who is promi-
nently identified with some of the big
copper Companies of the lake region.
Robert E Smith, of course. is retained as
mine superintendent and the work of de-
yelopment and the mining of ore for ship
ment will go right along during the fall
and winter just as it is being crowded
at present. q
Today the whole board of directors will
go to Alta and spend two and possibly
three days in thorough examination of
the property and at the same time visit
some of the other bonanza propositions
of the same district. Those of the party
who are out from Michigan will likely
leave for home again early in the coming
week.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Mining Notes.

Newhouse stock was selling in New
York yesterday at S11.50 to S11.75 per
share.
Six cars of ore from Nevada and four
from Utah were released from the Pho
neer sampler yesterday.
There was released from the Taylor &,
BruntOn sampler yesterday six cars of
ore from Nevada and eleven from Utah
mines.
Joe Bush. who recently went down into
the Colorado river country TO show some
coast operators a copper property down
there, is in town again.
1t Is understood that Samuel Newhouse
was to sail from Europe for New York
yesterday. He will likely be in Salt Lake
again before the end of this month.
Judge r. L. Johns, one of the directors
of the Goldfield Consolidated company
who has been spending some time in the
east, was in the city yesterday on his
way back TO GOldfield. He pleaded that
it was impossible for him to discuss the
labor situation. as it was affecting his
company, as he had not been in a posi-
ton to keep in touch with it. Judge
Johns said he was much taken with the
busy aspect of Salt Lake and he was in
clined to return here one of these DAYS
with the idea of making the CITY his
home. He declared he was going to
make a longer visit here, as soon as he
could, anyhow, as he wanted to see more
of the town.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Mines and Mining Stocks
F financial and Commercial
MINING STOCK EXCHANGE.
Market Reacts Some, but Trade Con-
tinues Snappy and Brisk.

There was no diminutiOn in the amount
of business done on the mining exchange
yesterday, though there was a general
easing down in prices. The trading of
the past two weeks has afforded a gold
en- opportunity to reap profits, owing
to the sag in~the market at the close of
August. Yesterdays business showed
that traders were realizing and the buy
ing element was not slow to force prices
as low as possible. The reaction was ex-
pected and it is counted as a good sign
for the market as, according TO the tall
ent, everybody gets a run for his
money"
During the two regular and open board
calls a total of 7SA5 shares of stock
with a selling value of s72.125. changed
hands. Following is the list of final quo
tatiOns and record of sales made during
the day:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
CLOSE CALL FOR
The SHELTERS
Lack of Coke Made a Shut
Down Look Certain Yes
terday Morning.
RELIEF COMES DURING DAY
ALL PLANTS IN VALLEY RUN
MING "HAND-TO-MOUTH."

For a day or two past, owing to an ac-
cident down on the main line of the Rio
Grande no coke has been delivered at
the valley smelling plants. At noon yes
terday IL looked as though there would be
no deliveries made for possibly a day or
two longer, but during the afternoon
trains that had been held up began to ar
rive and last evening 1t was learned at
the different smelling headquarters that
the situation had been relieved and that
1t was believed everything would come
out all right. The United States COM
pany was on the ragged edge during the
day and the Bingham Consolidated was
not much better off. The American COM
pany had some coke in reserve, but even
there a day or two more without a deliv-
cry would have made things look blue
The fact that the great smelling works
of this valley are running along on a
hand-to-mOUth fuel basis during the sea-
son when they would like to be accumu-
lating reserves for winter and during the
stormy periods when train service is most
liable to be interfered with by the ele-
ments, illustrates perfectly the conditions
under which mining, milling and smelling
In this state are now being carried on.
Yesterday it seemed that all the smelterS
might have to suspend business before the
week was over; today they are supplied,
but they are running so close TO the wind
that any little interference with regular
traffic on the lines over which fuel is
secured is likely to result in the throwing
out OF employment of thousands OF men
and the disorganizatiOn of trained crews.
1t is asserted by the different smelter
arrangements that the local officials Of
the railroad company are striving with
all their might to keep everything going
and it is not their fault that the fuel
problem is such a serious one. The de-
mands for fuel are greater by far than
they were a couple of years ago and in
the meantime the men at the top have not
moved fast enough in the matter of pro-
vidfng equipment for the handling of the
Increased business. 1t is going to take a
year. il is said, for the transportation
companies to catch up with the progress
of the business world.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Metal M arkets.

New York Sept. 4-The London tin
market was higher with spot quoted at
&16S IS and futures at e16S. Locally the
market was quiet at 36.S71aG37.30
Copper was higher in London at STA
los, for both spot and futures Locally
the market was weak but unchanged
Lead was unchanged at sig los in
London and was also unchanged locally
Spelter declined IS Cd to e21 IS Cd in
the London market, but while weak was
unchanged locally.
Iron was higher in the English market
with standard foundry quoted at 54s 90
and Cleveland warrants at sos 45d. LO-
cally iron was quiet and unchanged.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Money, Silver, Etc.

New York, Sept. 4.-Money on call firm,
2il0S per cent; ruling rate, 3; closing bid
"a; offered at 21z. Time loans easy and
dull; sixty days, 5G51a; ninety days, 81 ;
six months, 6 per cent.
Prime mercantile paper, 6G61z per cent
Sterling exchange easy, with actual
business in bankers bills at .S620G4 S625
for demand and 4.S240d4. S245 for sixty-day
bills.
Commercial bills, 4.s21sq4.S24.
Bar silver, $50
Mexican dollars, So
Government bonds weak; railroad bonds
firm.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
APPLE BELT OF SOUTHERN
IDAHO

Is in the Snake River valley under
the great Twin Falls canal system.
10000 acres on the warm, south slope
of the valley. will be open to entry
Oct. l, 1905 The cost is low and pay
ments extend over period of ten
years. Write today for details.
TWIN FALLS NORTH SIDE LAND
& WATER CO.. Miner, Ida.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
It Mlqht Mean Sometime

To you to be able to get in your safety
deposit box after banking hours. For
instance, a cash delivery of mining
stock, the sale of WITCH might be
spoiled by waiting till next day. We
keep our new safety deposit box depart
ment open till 6 p. m. for the conven-
fence of busy traders. You pay less
than a cent a day for the safety and
convenience.
SALT LAKE SECURITY & TRUST
CO., 1924 Main Street.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Afternoon Sales.

Columbus Con, 200d$465
Daly-Judge, 1OOdS6.75.
May Day, 4OOd69c; 30066Sc seller 80
Beck Tunnel, 1. 4OOd$2O5; 5O0d$2. 021k, sell
Ter 60: ], 4OGd$2 021R.
Crown Point 400dS1 0212: 5O06S1
Iron Blossom. 200dS1.3 80; 200eISl. 271z; 400
SIPS; 2,000G$1.22 12.
Mountain Lake, 500G69c.
New York 100d16c
South Columbus Con. 300GS2
Victor, 1,000G1412c; 50d14c
Yankee, 100Q6Sc; 1OOq67c; 5O0q66c; 5O0a
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Money, Silver, Etc,

Washington, Sept. 4-Today's state
ment of the treasury balances in the gen
eral fund, exclusive of the $50. 100000 gold
reserve, shows: Available cash balances,
1926, SO, $50; gold coin and bullion, $50 ST.
775; gold certificates, sS3, Ia, $50.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Open Board.

Beck Tunnel, 95Ods2 O21z; 2,950dS2.
Crown Point. 1OOds1. 021k: 1.OO0dS1.
Iron Blossom, 1000dS1. 221z; 30O0$1.20
May Day, 2.10Od6Sc; 2.1O0d67c.
Mountain Lake, 700d69c: 5O0d6Sc.
Seven TrOughs, SGOG44c.
Sioux Con, 1OOOq5Sc, seller co; 2O0d5Sc
600d57c.
TetrO, 500d10c.
Uncle Sam, 2.OO0dS1 Az.
Victor Con-, 2,O00G14c
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Coffee and Sugar.

New York Sept. 4.-Sugar-Raw, firm:
refining. 3.42; centrifugals, 1872: mOIasses
sugar. 3.O6; refined, steady; crushed, $50;
powdered. $40; graduated, 800
COffee-Steady; No. z Rio. 62s; No (
Santos, SIS; molasses, firm; New Orleans,
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Metal M arket.

Silver, 6SAc per ounce
Copper (casting), 172sc per pound.
Copper (cathOdes), 175sc per pound.
Lead. S5.25 per 100 pounds.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Forenoon Sales.

Columbus Con, 40d$475.
May Day, 200d67c: 2.300d6Sc; 4.1O0Q69c;
1O10G70c, buyer 30.
Nevada Fairview. 5O061512c.
Star Con. 30O64Sc
Uncle Sam. 5OOqs1.5O: 1.9OOd$1.521z. buy
er 60.
Black Jack, 2OOd55c
Beck Tunnel 200S2 10; 5O0dS2. 0715
Colorado Mining. 109ds750
Crown Point, 1O0ds1-1O; 5O0Gs1O71z; 1900
0s1.O5.
Mountain Lake. 5OOa73c: 7OOG72c; 1.SOOa
nc.
Sioux Con-. 2,soOa62c; 7Oadc; 2,275qeOc;
1O0G59c.
Seven Troughs. 1.1O0G45c; S0Od44c.
Victor, 500d14zc.
Yankee, 20Gd70c; 2COd69c.
Open Board.
Beck Tunnel, 3O0dS2. OH.
Crown Point. 300iS1. 021z.
Columbus Con- 1OG6S465
Iron Blossom, 500dS130.
May Day. 1O0d6Sc; 5O0d69c.
Mountain Lake, 9O0a7Oc; 5O0G70c, buyer
80; 2OGd69c.
Star Con, 400I49c
Sioux Con. 2OOd61c; 5OOd6Oc; 1.OOOd6Oc
seller so; 1.O00d60c, seller 30; 5OOQ59c, sell
Ter 60.
Uncle Sam Con- 20GdS1 80
Victor Con-, 1.O00d1f5c.
Yankee, 300G69c.
Shares sold 5S.915
Selling value, $S1,113.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
COPPER STOCKS IN
BOSTON AND NEW YORK

The private wire of James A Pollock
Co. went dead" yesterday afternoon be
fore the range of prices and sales in
copper stocks at New York and Boston
could be secured. Following is the clos
ing quotations on the Boston exchange
and Boston curb
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Stocks in San Francisco.

The closing quotations on Nevada stocks
in San Francisco yesterday as reported
over the private wires of James A. Pol
lock & Co. were as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Wool Market.

st. Louis. Sept 4.-Wool, steady; west
ern medium, 2OG2515c; fine medium, I9G
DC; fine, 17620c.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
D0INGS OF UNLISTED
STOCKS ON EXCHANGE

Seven stocks in the unlisted row of
candidates for public favor Were dealt in
yesterday during the open board calls on
brought 45c. Copper Glance 13c. 131kc and
t3c, East Tintic Consolidated S1kc, East
Crown Point NC, Uintah Treasure Hill
&c and SSc and Newhouse 81 . for two
lots.
Emma Copper was offered at l5c, Sew
en- Troughs Fine Gold at Ice, Thomson
at 25c and West Quincy at 17c Thirty
Mason Valley and S2.s5 for Chicken
lucky.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Wool Market,

st. Louis, Sept. 4.-WOOI-Quiet; me-
dunn grades, combing and clothing. 24025;
light fine, 22q2212; heavy fine, 17d1S; tub
washed. 1890.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
BRIGHTON,
PROVO AND OGDEN

Canyons. Photo post cards and larger
sizes Harry Simpler, Commercial Pho
tographer, Isl Main.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05
Ore and Bullion,

Ore and bullion settlements in this CITY
yesterday, as reported by Mccormick q
yer, lead, gold and copper ores sgg 600.
base bullion. $4,000
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05

Remodeled and better equipped than
ever to serve the highest quality of
with prompt service, at the
Royal Cafe.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05

Ask for that NEW BREAD at your
grocery. Vienna Walnut Bread.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-05

Union Assay Office.
n. S. Hanauer. ]. v. Sadler
152 So. West Temp7e. P. o. Box 144s
Los Angeles herald., 1907-02-12
WALKS ON WATER;
WINS BIG WAGER
Charles w. oIdrleve Accomplishes a
Feat Which Brings Him Wealth
and Notoriety-Dlstance
Covered, 1900 Miles
BY Associated Press.

BY Associated Press.
CHICAGO, Feb. 11.-A dispatch to the
Tribune from New Orleans says
Captain Charles W. Oldrieve yester-
day accomplished the feat Of walking on
water from Cincinnati to New Orleans,
a distance of sixteen hundred miles, in
forty days, lacking forty-five minutes,
thereby winning the worlds champion
ship and a bet of $4,000. Oldrieve met
with an accident just before reaching
the mole at the head of Canal street
that nearly cost his life. The big
wooden shoes suddenly slid outward
and the water walker turned turtle. His
wife, who accompanied him all the way
in a rowboat, rescued the captain.
Oldrieve left Cincinnati January l at
noon on a wager he would walk to New
Orleans in forty days. At the falls
above Louisville he was delayed for
twenty -four hours and this allowance,
it was agreed, should be computed In
the time.
Oldrieve was in motion only during
daylight, staying over every night at
various landings. He was equipped
with shoes made of cedar wood, 5 feet
inches long, inches broad and
inches deep. In a gasoline boat preced-
ing the water walker were Captain j.
w. Weatherington of Dallas, Texas,
who backed Oldrieve, and Arthur Jones,
representing Edward Williams of Bos-
ton, who laid the wager.
Los Angeles herald., 1907-02-12
LAW TO
APPLY IN PANAMA
CANAL CONTRACTS
By Associated Press.

WASHINGTON, Feb. 11.-Secretary
Taft, Chairman Shonts and R. R. Rog-
ers, general counsel for the isthman
canal commission, were before the
house committee on interstate and for
eign commerce today.
Mr.. Rogers and Secretary Taft both
stated that the eight-hour law would
apply on the isthmus Under the pro-
posed contract.
When Mr.. Rogers vas asked what
the total amount probably would be
on which the contractor would receive
percentage, he said he had made no
estimate.
Secretary Taft stated that he was
in favor of the proposed contract, that
with the highest class of contractors
in charge, the work can be done much
more rapirly than the government can
do it,
Representative Mann of Illinois had
an animated discussion as to how eX-
perts have been selected for work on
the canal. Mr. Mann says he knows
competent men who applied for posi-
tiOns but that they were ignored Mr..
Taft said that great care is exercised
in choosing employees. Mr.. Shonts e.
planned that the chief engineer and
three experts pass on applicants and
that he and Secretary Taft requested
Mr.. Mann to furnish the names of men
who have been ignored.
Mr. ShOnts explained rate troubles
involving rebates which the Panama
railway steamers encountered in the
Colon trade.
He said the Atlas line appointed big
shippers in Colon as agents and gave
them heavy commissions which
amounted to rebates. When Mr.,
Shonts discovered that the railway
steamers We're losing freight through
this rebating he advised his competi-
tors that if the commissions We're con-
tinued he would make a fiat rate Of 50
a ton on freight from Colon up This
was done, he said. because the govern
ment could not engage in rebating.
The results We're excellent
Secretary Taft expressed the opinion
that annual payments to the contractor
under the proposed contract would
probably be about 100000, He said
the total amount upon which the con-
tractor would be paid a percentage is
estimated at from $G0,000,OOO to $40,
600, 900.
Mr. Taft said that his understanding
of the contract and the present law is
that they would not prevent the sue
ceasful contractor from using Chinese
labor