davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
STOCK PRICES
AGAIN GO DOWN
Wall Street DeSpondent With a
General Disposition to Let
Go of Securities.
ANXIETY OVER OUTLOOK
RAILWAYS SUFFER HEAVY LOSS
IN VALUES.

New York, Feb. 25-The action of the
stock market today gave full warrant for
the assumption that a spirit of extreme
dependency had swept over the senti-
ment of the operators. The selling was
constant, and the demand was so small
as to be a negligible quantity. except as
the concessions in the price level uncOv-
cred some buying. This demand was not
aggressive IN character, and interposed
no effective obstacle to the continuous
drGop of prices. The progress of the tes-
timony Of Z. II. Hartman before the in
terstate commerce commission was the
subject of universal discussion aIt1 the
weakness of stocks was generally attri-
buted to this cause. Wall street sees ia
this prospect q supply of fuel for the
anger against the railroads and other
corpora tons. which is active in shaping
legislative measures and in directing pub
lie policy all over the country. The fear
has gained ground in financial circles
that the stability of the countrys pros
perIty or the aVerting of coming indus
trial depression is to be decided by the
course of public sentiment on these lines
Last week 5 events in the stock market
serve TO sharpen the anxiety over the
industrial outlook. and the discOuraging
published utteTances among several
prominent men in the railroad and finan-
c1al world last week was digested aDDar-
emily over the interval and became effec
tive in promoting large dealings in to-
dav's stock market
New York again refrained from bidding
for weekly arrivals of South African gold
in London and the Bank of England Sc
cured all supplies at d price lower than
asst week. Money! rates here neverthe-
less are inclined to work higher. Large
matui tiles are falling due of loans made
last fall during the period of high rates
and 1t is reported that interior lenders.
instead of renewing are disposed to call
in their fundstfOr use at home The I'M
willingness of New York banks to resort
TO London for supplies to reDlenish their
banking reserves is commonly attributed
to the purpose to rush the sale of rail-
road notes an securities in foreign mar
kets which it is desired to keep tran
quill for that purpose. Ultimately, how
ever. the proceeds of such foreign sales
of securities will be used for railroad
and other improvements on American
properties. with the demand for mater
ials and the employment Of labor which
this implies
a severe impairment of values and prices
in some important stocks at the lowest of
the year. The western and northwestern
railroad stocks generally came within the
special effects of the feeling growing out
of the Hartman testimony. These special
stocks show losses extending to three
points or over I'D to 81, in the Hill stocks
Elsewhere the losses were generally from
to points and last prices were usually
the lowest.
Bonds were easy. Total sales. par val
Ne. 81 Cps 900.
L. s. Is coupon advanced half: the new
Is registered u. and the oiu As a per
cent on call
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
NEW YORK NINE
ORE IN MARKET
Thlrty-Three Tons of Fine Rock
Is to Be Sold During
the Day.
STRIKE ON EIGHT HUNDRED
ORE BEING MINED THAT is
WORTH $500 A TON.

Thirtythree dry tons of ore from the
New York Bonanza company's Park City
property will be settled for today. 1t
was impossible to get assay returns on
the lot last evening, but there is sus-
picion that it will fully equal anything
heretofore shipped from the mine. OF hate
the management has closed up like a
clam on conditions at the property and
ali that 1t is possible to get is the state
ment of ore sales when ore is marketed
From Park City source the reliability
OF which there is no chance to question.
IT Is learned that the mine is and has
been looking better for some little time
than Il has done in a year or more past
since the installation of the new skin
and tipple devices in the shaft by Mana
ger M }. McGill, which allows of the
handling Of more rock in a day than was
previously possible in three or four it is
said that development has been going on
with results altogether out OF the ordi-
nary.
The Herald's informant states that a
new strike has been made on the Sg9-foot
level of the mine and that exceedingly
rlch ore Is being mined there. Three
taken from the ore hoisted two
or three days ago were combined in two
samples and turned over to a local as
sayer by those who secured the ore The
certificates returned showed the presence
OF bi4 and 80 ounces silver, a little over
40 per cent lead. 81 in gold and approx
mately 40 per cent copper which gives
the rock a value of nearly 500 per ton
The letter to The Herald closes with these
words;
We stockholders feel quite jubilant
over the money results coming from
patient intelligent mining in well-knOwn.
hish-class productive territory. and we
thought the shareholders in Salt Lake
would be glad To get an inkling of what
IS doing on this end
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
STEAM HOIST FOR
THE CEDAR PROPERTY

Manager Herman Barnett of the Cedar
companys property and the Cedar Extern
sion. in Beaver county has returned from
a four days trip to camp. He states
that preparations are now being made for
the installation of a steam hosting plant
at the Cedar that will meet the needs of
the proposition for a long time to come.
On the 2I5-foot level the Wine started
down in the ores a few days ago is now
down about ten feet and the showing in
the bottom is even stronger than it is
on the level from which sinking has COM
menced, while the values appear to be
improving all the time.
A new within has just been delivered at
the Cedar Extension property and the
grade on which il will be operated is now
being finished up. In few days the
hoist will be in commission. The shaft
is down nearly fifty feet and the bottom
is in highly mineralized vein matter The
same conditions are being found here as
were found in the Cedar before the ore
was struck. The Cedar is already mine
and good one. and Manager Barnett is
confident that the Extension is going to
prove up just as rich.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
D0INGS OF UNLISTED
STOCKS ON EXCHANGE

A few of the unlisted stocks changed
hands yesterday and the sparring for
others made it look as though there would
be something doing in some of them
very soon. Standard Copper came out
with a few hundred share lots at 81 Is
Copper Glance sold at CSC and &c while
Ohio Copper sold at $50 and s.. 40.
Wheeler brought 40c ana 4lc. and Nall
driver 45c. while 100 Newhouse was taken
in at s19 .S7jz.
Sixty cents share was bid for Yering-
ton Copper, pc for Yerington Ironsides,
40c for TaliSman and Doc for Thompson.
Cedar was quoted at acc and Soc, Fed
eral-Ely at 93e and CSC and Western Ne
vada Copper at $40 and sl.52k Ely
Witch was quoted at $50 and 81 .6zlz and
Salt Lake & Ely at SOC asked. There wa
some -sparring for Emma Consolidated, of
Alta, and the stock was reported as hav-
ing sold at Soc Strike news and other in
formation from this property makes it
look as though a big movement was be-
ing started.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
GRAIN AND PROVISIONS.

Chicago. Feb. 25.--Liberal export sales
strengthened the wheat market today
The May option closed at a net gain IF
HG14c. Oats were up h@l4c Corn was
down 1sHAc- Provisions were to ia
E1zc lower.
The market was inclined to be weak
during the first hour of trading becausa
Of the bearish character of the weekly
statistics Worlds shipments for last
week were 1l.sl2.0o0 bushels against 5. ssh. :
600 bushels for the same week last wear
ana the amount OF breadstuff on ocean
factors were supplemented by free
movement in the northwest. and bv rnslf-
er weather IL is expected will greatly re-
cilitate the movement. The demand he
came more urgent as trading progressed
mucn of the buying being inspired bv
report from New York that fiffv bo.t-
loads had been taken there for exnarf
The market lost some Of its strength late
IN the day on realizing sales 6ff AZ
close was firm May wheat or,e,,s<5 '''s
shade lower te shade higher at 7sc TO
sSlse. sold off to 57szc and then advanced
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
Stock Quotations.
Sales. High. Low. Close.
Mining Notes.

-Four cars of ore from Utah and three
from Nevada Were released from the Pio-
neer sampler yesterday.
Alice was quoted in New York yester-
day at S5.z5. Horn Silver at $40 and On
tario at $50 per share.
Henry Catrow, late secretary of the
Ohio Copper company, has returned from
trip to the old home at Miamisburg. o.
Pope Yeatman. general manager of the
Guggenheim properties in the Ely Copper
camp. came over on a business trip of
few days last evening.
Superintendent A. d. Moffat of the Gao
tus. Is up from camp on a brief business
trip He reports everything running
smoothly at the property.
Twenty-three carloads of ore from
Utah, one from Idaho and one from Ne
vada mines were yesterday reported at
the Taylor & Brunton sampling works
]. H. Deming, of the Deming Davis
lrokerags firm is at Yerineton looking
on a previous trip. He may be gone
several days yet
A brief message from Butte states that
Alex. Laist, superintendent of blast fur
naces at the Washoe smelter for several
years. will be here today to accept the
SUPPLEMENTARY of the Utah Consolidated
company's Highland Boy smelter.
Ed Copley has returned from a trip of
inspection to properties in which he is in
tereSted near Mill. City. New and a trip
he has been securing options on valuable
ground in the interests of clients of his.
1t is still contended and denied that a
strike has been made in the Yankee Con-
solidated at TiDtic. The first reports
yesterday sent the stock soaring and the
word received later made il drop just as
suddenly. 1t is likely that something
definite will be known of what is happen
ing within a day OF two.
c. II. Glitch. one of the field represen-
tatives of the Wood-Hagenbarth combi-
nation, has just returned from a trip TO
California and Yeringtcn- He would not
talk about the business that has kept
him away for a month or more He will
visit his home in Park City for a few
days before starting out again.
Elihua Palmer returned from q trip to
Denver Sunday, where he has been TO
meet the Denver owners of property at
Ely with view TO securing quarters in
which to conduct the new Ely stock ex-
change. He was successful not only in
securing the place he wanted, but also
in securing several memberships for the
exchange. He will now go TO Ogden and
then on to Ely and get things under way.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
WONDER CAMP SENDS
OUT FIRST RICH SHIPMENT

" Onder, New, Feb. 1.-TWO loads of
Wonder district ore. consigned to the Sell
by smelling works at Vallejo. Cal. were
sent ous on the 2lst Ct this month by the
NuiturY Mining company, whose property
i SIT saicd near Hercules in the Wonder
district
Arid the Schcers of the crowd of en-
thusiastie citizens of Hercules and Won
Ger, the two twelVe-hcrSe teams heavily
laden with high-erade-ore, were escorted
70 the top OF the divide Although a
heavy ram was falling at the time. fully
-O1 people joined in the cciebratiOn-of the
great event For One-half hour free
drinks were dispensed and every one
drank TO the assured success of the great
camp
This shipment is the first 10 go out of
the wonder district 1t will run from
500 10 S60 to the ton. fifteen tons con-
sisting the first consignment
The Nulture mine is owned by Henry
Weber of Goldfield. who is represented
here by S. +. Palmer. It consists of an
proximately eighty acres, adjoining the
famous Jack Pot group on the north
The ore was taken from open cut touch
ing the vein "a the surface. o.. drift
on the vein for a distance of over 200 feet
has shown Up large body of ore. equally
as good If not better as that found on
the surface The Vein which can he
traced for distance Of over 1000 feet on
the surface, ranges from six to ten feet
IN width over twelve miners are en-
piOyed prospecting the ground and M
merous cuts and shafts on the vein show
Although up to date Wonder could not
be considered on the list of active shin
ping camps. its fame has spread far and
wide and the increase of population in
the last few weeks of good weather has
been remarkable One day last week
over 100 people were waiting in Fallen
Tor a chance to get into the town. II is
not often that leople become excited over
a new mining district until a few ship
lnentS have proven to them that there
Is something 10 look for, but with Won
der it has been different. The surface
showing spoke Toe ITSELF first 10 The
prosDccsor. VINO first discovered h and
later 10 the mining expert who came to
report on the facts ami who. i'm furn
spoke 10 the world NoS alone has Won,
der the surface showing hut with every
fcoS OF deVeiopment better values have
beer obtained over thirty properties at
the present time are working. and If Is
safe 10 say that over haE of the thirty
have shipping ore Some have gotten II
with development work, while Others had
IL on the surface. -~
Within the next sixty days one of the
biggest hcoms / the history of Nevada
viii take place III this camp and run The
population Wei beyond the 2 eco mark
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
BUILDING NEW ROAD
WINNEMUCCA TO ROSEBUD

William Hamilton returned "Wednesday
with the Summerfield & Pearce team,
rom the south end OF the Antelope range.
where the crew of men that is v-orl<s7rs !,
on the new road from Winnemucca r.
kosebud Is camped. says the Humboldt
star de stated that the engine and we'll
oorEs equipment is in place and that
work has been started on the first Well
ne work on the road is progressing ran
idiy ana quite stretch has already been
built. DeeH
Mr.. Hamilton went out again Tsurs,,,v
with 20 feet of well casing which a.
rived from San Francisco. Besides hav
grain and supplies for the men. his load
also consisted Of a lot Of lumber. which
house and stable for Symmetrical e
Rearce: who are preparing for their stage
Inc, WINCH Is TO be started as soon as f6ss
new stage coach from Baker Ham
iiton, at Sacramento. who have promised
TO deliver II here in twenty days.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
Metal Market.

New York. Feb. 25.-There has been
quite a sharp advance in the London tin
market Stree the closing prices of last
Thursday. SDot tin is quoted at e1sl los,
and futures $3.50. las. Locally the market
was easy in tone but spot was quoted at
s42 Goa ~ p.
Copper was higher in the London mar
ket with spot quoted at E103 lis Cd IO-
cally the market was unchanged. Lake
is quoted at So. 0Gd2 % electrolytic, S2i. "a
e25.GO and casting $24 25d2L75.
Lead was unchanged at SO los in Lon
don and at S6.00N6.30 locally.
SDelter was IS higher at E26 in London
and unchanged at S6S0dS.y0 locally. Iron
was higher in the english market with
standard foundry quoted at 54s Sd and
Cleveland warrants 55s Sd. Locally the
market was unchanged. No. l foundry
northern is quoted at $25-25G2625: No. 2
foundry northern. S24. 75d25.75; No. 1 foun-
dry. southern, s26O0d2e.50. and No foun-
dry northern s-500aI26.0o.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
MINING STOCK EXCHANGE.
Week Opens With Market Active and
Rather Erratic.

Stocks had their ups and downs yes
terday, and while the market performed
in rather erratic manner average prices
maintained a level fully as good as that
recorded at the close of last week Dur
ing the two regular and open board calls
a total Of 71,2S0 shares of stock, with a
selling valueCof $1,000. 10. changed hands.
May Day continues to be literally bought
around 33Hc. Ajax has moved up to Acc
while Star Consolidated is skating up
and down the line between 33c and 36izc
the higher prices being necessary to
draw out the stock in quantity. Yankee
Consolidated proved the feature of the
day 1t opened at nc. jumped to 76c. and
then hit reaction that carried it down
to &C. 1t closed on the open board at
&c.
Following is a list of final quotations
and record of sales made during the two
regular ana open board calls:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
Money, Silver, Etc.

New York. Feb. 25.-Money- on call
steady. 3iaN5 per cent; ruling. ~; clos
ing bid, 81 per cent; offered at per
cent.
Time loans firm. sixty days and ninety
days. and six months. 51zd5% per cent
Prime mercantile paper. 5s4G6 per cent
Sterling exchange firm. with actual bus
mess in bankers bills at $4.S465st4. "a. 20
for demand. and at $3.50. 40d4S04 IS for
sixty-day bills.
Posted rates. A-SG1z and sfS5l5
Commercial bills, AS0b.
Bar silver, 69c.
Mexican dollars, 533sc.
Government bonds, firm; railroad
bonds easv
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
Treasury Statement.

Washington, Feb. 25.-Today's state
ment of the treasury balances on the
general fund exclusive of the $50 1000 600
gold reserve shows:
Available cash balances. s24s. 49,. a3S: gold
coin and bullion, s11O,9 81; gold certifi-
Gates, SIS, $50, $50
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
LIVESTOCK MARKETS.

Chicago. Feb. 25.-CattIe-Receipts p
go; steady to Zoe lower: beeyes. Slf0ff6. s.:
cows and beifers. S1.S0G5.25; stockers and
feeders, $2-50fI4.75; calves. s6.00epT.Jo.
Hogs-Receipts. 5000; market SC lower;
mixed and butchers. s6.s0a711; good
heavy, s7.0oft7.10: rough heavy. IS. 756f5 Z. 90:
light sS.S547.02l2; pigs, s6.15d6.75.
Sheep Receipts. 5000: steady: sheen
SS-50@5-65; lambs, A50d7-65.
Kansas City, Feb. 25.-Cattie-Reeeipts.
1l,e00; steady; native steers, S4.250fJe: ma
tive cows and heifers s25GI4. 80: stockers
and feeders, s.. 50M5O0: western fed steers
81. 00@5N: western fed cows sI2 75FI4 90:
calves, $3.50n7.sG
HogEReceipts. 5000: market Sake
low-r; bulk of sales IS. s21zeI6. 921s: heavy.
s6.sOa695: packers. s6.S0d6-s21s; pigs and
light S55G6t6.S5.
Sheep-Receipts. 1890; market 1oc low
er; muttons, s4-50Q5.75; lambs, S. Soc. 30:
range wethers, s5-O0a6i0
Omaha. Feb 5.-CattIe-Receipts. 5000:
steady; native steers, Sf0OGi5. 20; cows and
heifers. $2-5GQ4.J0: western steers. s3.25T
525: COWS and heifers. 81 25@4 20: stocxers
and feeders, s3.00Q5.0o; calves. Ss.00d6. 20.
Hogs-Receipts. 5000: market Sc lower:
heavy. s675d6.S5: mixed S. 771ze16. 50: light
ss,.596s0; pigs. s5.75Grb50.
Sheep-Recelpts. 1000: steady to easier
yearlings. S.75u6.75: wethers ss25N5 60
ewes, s4-S0uS-3o; lambs, s6.50Q7-25.
Coffee and Sugar.
New York. Feb. 25-t Office futures
closed steady at net advance of 5T715
points. sales were reported of $4,000
bags. including March. s5.S5a5.sO: MAY.
ss.Soft5.s9: July. s5.956600: September
s6.05q6l0 10; October. Sc. 10n6I5: November
s6.l0U615; December .$6156625
spot coffee. steady; Rio. No = TIC:
santos No. 4. SIC; mild coffee, quiet
Cordova. 9dI21zc
Sugar-Rsw. steady: fair refining. 27zc
centrifugal. sc test. csc; molasses sugar
?sS6. refined steady.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
Butter and Eaqs.

New York. Feb 25-Butter-Firm
western factory. common to firsts. 17lIG
2lc; western imitation creamery, extras
26G25o
Eggs-Easy; western firsts, 2sc; Sec
onds. 271ac.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
Mines and Mining Stocks

Stocks in the various properties are
doubling and real estat, which a few
months ago wac selling FOR 800, is today
worth 81 600.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26

Chicago. Feb. 25.-On the produce ex.
change today the butter market was
steady; creameries, 22dS2l5c: diaries. lG
Eggs-Easy at mark cases included. 7s1z
u2ic; firsts. 25c; prime firsts. 2sc.
Cheese-Steady; 1zGl6Hc
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
RAVEN co. CAPITULATES.
Sues for Peace and Gives Up Some of
Its EIatrite PROPERTY.

Denver men have broken the Corner
heretofore held on elaterite. a product
found exclusively the Uintah reserva-
ton in Utah by the Raven Mining COM
pany. says the Denver Post.
A little more than two years ago the
efforts of the Raven Mining company 10
form an elaterite trust were exposed by
the Post, and as a direct result Edward
j. Yetter. John F. Shafroth and L. V.
Shearer of Denver have been able to
force the Raven company to relinquish
three large elaterite claims to them.
Raven Controlled Market.
Elaterite is used in the manufacture of
paint, mineral rubber, roofing material
place in the known world where il is
said to exist is in Utah Until a few
days ago all the elaterite used in the
world came from the properties of the
Raven Mining company, and it charged
what il pleased for the product
The three claims secured by the Den
yer men have been decided to them with
the understanding that they will discon-
tinue the fight they have been making
against the Raven Mining company
petition filed by them. contesting many
Of the filings made by the Raven Mining
company. has been withdrawn from the
secretary of the interior, and harmony is
expected to result.
Property All in Utah.
The three claims are located on the
=
about fifteen miles north of the town of
Theodore in that state. The Denver con-
tirgent has twenty other inferior claims.
which Il viii also develop.
The battle against the Raven Mining
company has oeen carried on through tka
persistence of E. j. Yetter. president If
the Western Elaterite Roofing company
He engaged Attorney John F. Shafrofh
to look after the case in Washington. and
kept after the Raven people continually
A few weeks ago lie Roy d. Thoman.
president, and Lowell F. Lindiey. general
manager of the Raven company. asked
1or a truce and made proposition %
end the fight
petition filed with the interior de-
partment by Mr. Yetter alleged that
many OF the claims flied on by the Raven
company were outside tho boundaries liz
which congress granted il permission 10
make filings. 1t also alleged that many
OF the filings were defective. as Mr. Yet
ter has mace filings on the same claims
prior 20 the time the filings were made
by the Raven company.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
Open Board.

Black Jack-100G7lc
Bullion Beek-100GS2-0 90
Beck Tunnel-i00N$1.9
Columbus Con-l00GS5.30
Colorado Mug-400G$2. 521s
Little Chief-2. 000a151kc
May Day. 400Q34c: 50Od331kc
Mountain Lake-100692c.
Nevada Hills-lO0G 1910.
S. King-30dS2.20.
Seven TrOughs-5006s5c
Star Con-1 ,000d35c; 300G36c.
Yankee-500d71 lie; 2,6O0G72c.
Shares sold. 81 $50.
Selling value, IS. 223.40
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-26
sac. Final quotations were at

to 7s5sG7sa4c. Final quotations were at
7S14c. 70.
Liberal receipts had a weakening erect
upon the corn market. sentiment belhs
bearish for the greater part OF the uay.
The sharp advance in wheat was re
Elected in small degree in corn: but the
firmness was only temporary inc mar
ket closed easy May opened shade
higher to nc lower at 493sc to flssai' &c.
sold at 472sc and then declined TO 4'c,
closing iyml4c lower at fI1zQ4i4sc
Oats for May delivery sold TO-DAY al
42a4c. which is a new high record mark
for the crop. The advance was caused
by heavy buying by local bulls and a
lively demand for cash houses. Cash oats
were also in good request for export
May opened shade lower TO 1salfc
higher at 42c to 4214c. sold off to 4lisc.
and then advanced to 4224c. The close
was at f2Izc. Local receipts we're 81 cars.
Provisions were quiet and easy Pit
traders sold moderately because of the
heavy receipts of live hogs and the de-
mand WAS not urgent. At the close May
pork was off &c at $l.65. Lard was down
7I2c at $972Iz. Ribs were Baltic lower
at s9l21A@a15.
The leading futures were as follows: