davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
COPPER METAL MARKET
SITUATION is REVIEWED

Discussing the copper metal situation,
the current market letter of Hayden,
Stone & Co says;
Our reports from London indicate that
the active dealers in the metal market
there are very skeptical regarding the
maintenance Of the present price of COP
per. The increase in the visible supply
IN England ana France and afiOat there
to, in the month OF May. naturally pro-
dUced a bearish impression over there.
We have been rather surprised. however,
in meeting some of our friends from the
brass consuming district of Connecticut.
to find that they are also rather doubt
Iul as to the maintenance of the present
price of copper. Some of the brass fac
tories in Connecticut are running full
while perhaps the largest of them all is
reputed to be running to so per cent of
its capacity We hear that the figures
OF copper wire output are also very en-
couraging. Still. trade in general is de-
VelOping very slowly, and that is true
Of the consumption of copper as Of other
branches, and perhaps we ought not to be
surprised that merchants, whose interest
it is to have moderate, If not low. prices
for copper. are somewhat easily inclined
to see the lower view Of the market
However, on the other hand we get
some very interesting testimony from
those who are thoroughly competent, we
think TO make estimates of consumption
Of the metal. We have heard twice from
some Of the best merchants in copper
in this country, in the way of estimates
of the relation of actual melting of copper
to production. In both cases the opinion
was given that the melting of copper
taking the world a whole, must be very
near the worlds production. And both
authorities we're inclined to look upon
the melting of copper as a quantity gain
ing more rapidly than the production
at the present time.
-On the whole, we believe that these
statistics and such other evidence as We
can get hold Of, point first to a more COM
Portable distribution of the burden of car
rying copper between producers and con-
sumeTs; and second to an actual con-
sumption of copper of perhaps 90 per cent
of the production. with the consumption
gaining more rapidly than the prOduc-
ton. If these conditions hold for very
short time the result cannot be other than
advanced prices for the metal"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
Mines and Mining Stocks
LION HILL CON.
SELLS RICH ORE
First Carload of Season Is
Worth Over $500 a Ton
More Coming.

The first consignment of ore from the
Lion Hill Consolidated cOmpany's prop
erty at Ophir TOOele county, was sold
yesterday afternoon. The carload con-
sisted of two lots of high-grade rock,
about equally divided as to quantity,
though the number of tons. all told, was
not learned Granting that there was
not less than thirty tons, the company
should pull down in the neighborhOOd Of
5000 for the shipment.
The control assays on lot one gave
0.26 ounces gold, 5S1.2G ounces silver
and $50 per cent lead. Lot two assayed
0.03 ounces gold, $500 ounces silver and
81 per cent lead. This means an aver
age of 4OS ounces silver, O.23 ounces gold
and nearly Is per cent lead for the whole
lot. Another carload of fine ore from
the same property will be in the mar
ket next week, as the hauling is now in
progress between mine and the railroad
loading station.
Manager George St. Clair, who is in
the city looking after the sale of the
ore, states that the mine is looking
good. both on the tunnel level and in
the Wine workings and, while work is
rather slow without the help of ma
chine drills, a good showing will be
made pending the installation of ma
chinery that viii come in the near fu-
ture
In addition to the work being done by
the company, it is understood that one
or two leases are making a good show
ing on another portion of the cOmpanys
vast estate, so the seasons operations
promise TO count, not only in a money
making sense. but in the matter of
property development, as well.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
MINING STOCK EXCHANGE.
Heavy Trading in Iron Blossom Is the
Feature Of the Day.

approximately 1900 shares of Iron Bios
som were involved in the days trading
on change and. after the price had been
reduced to SIS. "a reaction commenced
and when the day closed the stock was
selling around sl.32Iz to s135. From good
sources of information it was learned that
considerable short filling was done and
the belief was general that a better price
would prevail today. Several other stocks
looked a little better than they have done
for several days and, while trading was
not DIS spirited as it might have been,
the general tone of the market was not
as discouraging as many thought it would
be at the close of business on Tuesday
During the two regular and open board
calls total of 1854 shares Of stock with
a selling value of $40, 6Sl.52, changed
hands. Following is the list of final quo
tations and record of sales made during
the daV.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
LOTS OF WATER
IN OLD HOLT MINE
Pumps Installed Cannot Han
die Flow Which May Prove
Valuable Asset.

Modena, June pa mining venture
that cannot prove losing one, whether
it reaches the ore or not. is a rarity. In
this class, however. is the Holt mine
near Modena, owned by the Escalante
Gold Mining company, situated sixteen
miles southeast.
Several months ago an installation of
machinery was made that was expected
to meet all requirements. A few days
work in the shaft, however, showed
such an increased flow of water that a
new pump of greater capacity was re-
QUESTIONED. A pump with a capacity of
$50 gallons per minute was set up last
week; but to date it has been unable to
lower the water I'm the shaft more than
three inches. Ordinarily this would be
considered unfortunate, especially since
during the few days the company was
able to work. the bottom of the shaft
gave every evidence of fine ore making
in permanently.
However, whatever the outcome or
result of a more expensive and greater
machinery installation, and although
the flow of water should prove too great
to permit further mining, the fact re-
mains that rolling eastward from the
mine and away from the mineral zone
are acres and acres of the very finest
desert land, the choicest of which could
be reclaimed by making the present
mining shaft the center and circumfer-
ence of an irrigation project
A considerable lake OF water has al
ready been formed in the desert, it is
said, by the mine pumping and intend
ing settlers are growing somewhat an
ticipatOry.
1t is said that the company is unde-
cided whether to abandon the present
shaft and sink a new one, or sink a
winze from a drift above the water line
with view of getting in under the
flow
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
TINTIC DEALS
MAY Be ALL OFF
Nothing Has Yet Developed to
Indicate a Continuance
of Negotiations.

It looked yesterday as though all ne
gotiations between Jesse Knight and
the COle-Ryan combination for the sale
and purchase of the Colorado, Iron
Blossom and the Tintic smelter and
railroad, were all off. II is understood
that Uncle Jesse Knight had a confer
ence with General Manager George w.
Heintz Of the United states company s
Utah properties on Tuesday afternoon,
and that nothing came of it. This Is a
matter of surmise, only, as not word
touching what was said or done at the
meeting has been allowed to escape the
interested parties. so far as known.
What another day, another week OF
another month may develop in the mat
ter of fixing up the differences that
have evidently arisen TO stave OFF these
deals can only be cOnjectured, but there
is a set belief in the minds Of some Of
the big mining men of the state that
sooner or later something of Importance
win happen. What it viii be, or how 1t
viii be accomplished is something for
the future to determine. one thing is
certain, at any rate Jesse Knight VIII
not cease mining, nor viii the Irterna-
tional or the United States companies
cease to move ahead i'm the smelling
field because of the failure of any one
or a half dozen deals. such as have been
working through the banter" stage Of
the past few months.
THE International Smelling crowd"
said one well posted man yesterday.
has barely started on its career i'm this
region. Don't run away with the mis-
taken notion that its failure to do bust
ness with Mr.. Knight viii put any
crimp i'm its plans. The sparring back
and forth on the Tintic propositions viii
amount 10 nothing more than an Incl
dent in its career. The measure of this
field for $50 miles around has been care
fully taken by the powerful interests
behind that corporation, end. the init
nation which came from the east only
few days ago that the company was
preparing To add $4,000. 600 20 its capital
may be taken as q pointer that il is
only beginning to get busy.
"Soon after the organization of the
International company, YOU may re-
member. John d. Ryan was quoted as
having said that the International COM
Dany was one i'm which no Watered
stock schemes was going TO be allowed.
The company expected to do a great
deal of business, but no money was go
ing into anything that would not supply
Eood Understanding assets. A short
time later il was shown that what
money had been subscribed had
gone into propositions some of which
were already capable Of earning a fair
trterest on the total issued capital
rsSock- The contemplated increase of
SlO000.000 i'm the company's capitaliza-
tiOn means that that much more money
is soon to be invested. That it will come
out into this country I have no doubt
Things are going to happen before long,
depend ON that"
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
Mining Notes.

Eleven carloads OF ore from Utah mines
were released from the Taylor & Brun-
ton samping works yesterday.
six carloads Of ore from Titan mines
and one from Nevada were released from
the Pioneer sampler at Sandy yesterday
morning.
W. H Coss left for the south last night
on mining business. the nature Of which
he was not al liberty to divuige at this
time. He viii be absent possibly a
month.
The Illinois supreme court says that Ia
make stock transaction gambling il
must appear that neither party intended
delivery or purchase, but intended to set
tie differences only
According 20 a bulletin from New York
the battering of Nevada-Utah stock down
to about s. a share from nearly 50 was
the result of an organized bear attack
Hooley, Learned < Co deny there Is any
litigation. real or prospective. as claimed
that could affect the stock values. George
". Learned is president Of the company
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
STOCK TRANSACTIONS
ON NEW EXCHANGE

While a stagger was made at doing
business in the forenoon. only two OF
three brokers showed up in the after
noon. and one transfer of stock only was
recorded. 1t was 800 shares of Tintic Cen
trail at 1870.
The sales reported as having been made
in the forenoon we're as follows:
Z. c. Point 200Od32lc.
f. T Con, 1O00G51zc.
Grand Central 300GH.69.
Mountain Lake, 100G22c.
Tintic Central 1e0gd13c seller 80 days
1OO0d13c
Iron Blossom 300fSf 80.
Sioux Con. lOOQS.0J. 1OGd1.0712. seller 81
GAYS.
Bullock. 1000d5c.
Cedar. 1000G6C.
Plutus, l000G12l2c.
Carisa. S00GSl O2ls. 3O0dS1.0O
Swansea Con, j09N l6c.
Indian Queen. 10o06534C.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
Open Board.
Afternoon Sales

Black Jack Con. 800 at PIC. buyer ~.
Camp Bird. 1000 at PIC; 1000 at 2a4c.
Colorado. leo at $3.50: 800 1t S2.21iz.
Crown Point, 800 at 15c.
East Tintc Development, 1000 at Ice.
Grand Central 200 at Sl.57tz.
Iron Blossom, $500 at Sl.51i2, 800 al
Sl35. buyer 60; rs at s1-30
Lower Mammoth . at SIC
Miller Hill, 10G0 at 51sc
Mineral Flat, Loco at t4c.
ohio Copper. leo at Sf.25
Provo. Leo at l2izc. buyer 60. 900 al
12c; LOCO at &c. buyer 60; 1903 at Ike
seller -.
Seven TrOuEhs. ZOO at fac- loo at 19i-c
Sioux Con. 900 at s1011z.
South Columbus Con. 100 at 45c: 100 al
Sic; 1000 at 4Hzc-
Swansea. 800 at 15C
Swansea Extension. 3.0Q9 at 1f9c
Tintic Central, 1000 at 131ac. $500 at 14c
$500 at 1880.
Utah Con- 1900 at Isle. go at lie
- Uncle Sam. 100 at 74c, seller 90; so al
15c.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
BLOCK OF RAY CON.
BRINGS SIG A SHARE

We understand that Robert D Grant
and Philip Wisemau, who have held a sub
stantfal interest in the Ray Consolidated
Copper company. have sold 1900 shares
al Sl9 per Share to outside interests not
identified with the company, says the Bos-
ton News Bureau.
Negotiations are under way for the pur-
chase of an additional block of the stock.
which would carry with it a substantial
representation on the board of directors.
The Ray Consolidated company has 500
Coo shares of stock selling in the market
for about &.50000o. There is also .oo(
bonds outstanding.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
D0INGS OF UNLISTED
STOCKS ON EXCHANGE

Bingham Central-Standard was quite
lively during the open board trading yes
terday. and while the price went off a
cent there was plenty OF opportunity to
make sales. It was started at 27zc and
sold back to 26izc.
Following is the list OF quotations made
on other unlisted stocks: Ely Witch. lie
bid: Eastern Prince. S1zc at 10c; Opex.
40c asked. Tintic Standard. l3c asked
Ufntah Treasure Hill 12lzc at 15c.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
THE HERALD IN NEVADA.

The Herald can be bought at the follow
ing places IN Nevada:
TuscarOra-Mrs. A. 7. Clark
Reno-Rosenthal & Armanko-
Goldfield-Palace News Stand and Hun
ter Adv. & Pub. Co
Ely-Harville Stationery Co, G. b. Fax
on and Walden & Burnett.
Cahente-John Shier
Pioche-PiOche Drug Co. and A. A. Car
than, P. NJ
Cobre- Richard Richards
Rswhide-Louie PoIin.
Smelter-M. Herman.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
New York and PHILADELPHIA.

cannot be more pleasantly or convent
entity reached than by the Grand
Trunk-Lehigh Valley double track route
via Niagara Falls. Solid through trains
of coaches and sleeping ears. Magnifi-
cent scenery.
For descriptive literature apply TO W
5. Cookson, A c. P A, Grand Trunk
Railway System, 135 Adams street, Chi
%
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
REGULAR DIVIDENDS.
lsnecIaI 10 u Heraldl

\ Especial to The Herald.) =
i New York. June 23.-The directors =
! of the United States Smelling, Re :
) filming & Mining company have de- =
; cIared the regular quarterly dlvi- =
\ dends of 1 per cent go cents on the =
= common and 1s4 per cent G11z cents) :
= on the preferred stock payable July =
= 10 to stock of record June 81. ;
=
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
Forenoon Sales.


Columbus Cen. 100 at 81 60
Crown Point, 800 at 151ac; 800 at 15c.
East Crown Point. 500 at $40.
East Tintic Development. 1900 at 16c;
1000 at 16lzc buyer CO.
Grand Central 100 at S1.5715.
Iron Blossom. 10, 500 at 81 80; 1850 at
S1.27Ik; 2,50O at S125: 800 at Sl.3O. buyer
60; 1000 at S-S0, seller 60; 800 at sl.30,
seller 60.
Little Chief, 40 at 45c.
Lower Mammoth, 70 at 35c.
Mason Valley, 80 at 1920.
Mineral Flat, 1000 at lac
Prince Con, 100 at S1.221z. buyer So
Provo, LOCO at l2c; 1900 at PIC; so at
131aC. seller 60.
Schwab Con. 1000 at 1s4c
Seven Troughs. 100 at 19c; 800 at l9lzc.
Sioux Con, 1000 at S1.05
South Columbus Con. so at 46i2C, loo
at 46C; 1000 at 46c, buyer s.; 100 at SIC.
South Iron Blossom. 300 at 2s4c.
Swansea Con, 500 at 151kc
Tintic Central, 400 at 13c.
Uncle Sam Con- 500 at 75C.
Open Board.
Camp Bird. loo at 2s4c.
Carisa, 800 at s1.05. buyer 81.
Colorado. 100 at $3.50.
Iron Blossom. 80 at Sl.32is. buyer 80;
100 at $1.32lz; 800 at I.321z, seller 60.
Little Chief, 800 at SOC
May Day, 800 at pc
Ohio Copper 100 at Sle0
South Columbus Con, 30 at 47c. buy
er %.
Tintic Central. 800 at f3c: 1000 at 131zc:
1000 at lac. buyer 60; 800 at lie
Shares sold. 67.4A
Selling value, S53.031.1l.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
Metal Market.

Silver. 52izC per ounce
Copper (CathCdes). 13isc per pound.
Lead. s s. per 100 pounds
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24

Ore and bullion settlements i'm this city
Yesterday. as reported by Mccormick &
Co. amounted to $4,000, as follows Sill
YER lead. gold and copper ores. $4,000,
base bullion. $4,000.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
Open Board.

Colorado. 100 at 3. Z71a
Crown Point. 4000 at 151zC
East Tintic Con. loo at H4c.
Iron Blossom, Leo at 81. S21z; 800 at S1.35,
buyer 60
Mineral Flat. go at 1nzc buyer 60; 800
at Itc.
Tintic Central 5000 al 14c. 1000 at 1870,
buyer 80
shares sold. $40
Selling value, sl7,643.75
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
stoeks bal san Erancisco.

THE closing quotations on Nevada
stocks iu San Francesca yesterday. as re-
ported over the private wires of James
A Pollock q Co were as follows.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
BOSTON AND NEW YORK
STOCK MARKET REPORT

Following is the daily market comment
of Paine, Weber & Co, Boston, together
with the range of prices of copper stocks
and other Boston iistings in which the
report on New York curb transactions,
by James A. Pollock & Co, and from
whom It is secured for use in this depart
ment of The Herald:
Boston. June 23.-The feature of the
market today was the great scarcity of
stocks All through the list offerings were
light and the few scattering buying or
ders which came in advanced prices cas-
ily North Butte advanced points and
Copper Range TX, Old Dominion l. East
Butte T. We do not see any prospect of
a continuance of the bull market for some
time to come and advise selling on all
strong spots till the uncertainties of the
crop situation are out of the way and
further Improvement comes in the indus
trial situation.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24
aLeviathan" Is the Name

Of the ship restaurant at Saltalr.
Christening tonight. Round trip 25c.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24

Adrian 3. Pembroke. Stock Broker
81 West ID South. Phones 75S.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-06-24

When you speak Of Vacuum Cleaning
Machines you think of G. D. Bates
now 2Ot-2 NewhOUse.
Norwich bulletin., 1909-03-27
Local Laconies.

The spring vacation Of one week be-
gins Monday in the West Broad Street
school.
Miss Catherine Dement, teacher in
the Pawcatuck High school, will spend
next week at her ht me in Boston.
Miss Elizabeth Harris, teacher in
the West Broad Street school. will
spend the spring vacation at her home
in Hartford.
Mrs. Irving A. Hunting. formerly Of
Westerly. died at her home in Plain
field. n. J.. Thursday night, Of pneu-
monia. She is survived by her hus-
band and three children.
Clarence E. Roche Of Westerly has
been appointed trustee of the bankrupt
estate Of Frederick C. Buffum by Ref
cree Chester W. Barrows. Everett e.
Kingsley, who was elected trustee. de-
clined TO serve.
4. The case of Wilkinson against Col
Inns, assigned for trial before Justice
James z. Kennedy on Saturday, has
been continued by reason Of the attor-
neys in the case being engaged Ia
court at New London.
AT the request of Judge Williams
examination was made as TO the mental
condition of Charlton Snyder of North
Stonington, recently committed to the
Providence county jail for Damaging
Norwich bulletin., 1909-03-27

cused, testified that Pietro called for
his money, and Mr.. GriIls told him he
could not pay him, but would give him
some as soon as he could get the in
surance money. Mr.. Grills said he had
money to collect, and if necessary he
would sell property that was in his
own and in his wffe's name.
By Mr.. Olney-Witness said that
property was in her own name,
and that she was willing to make res
titution by disposing of this property.
This consluded the testimony, and
arguments were made by Judge Swee-
ney for the defense and by Frederick
Olney for the plaintiffs.
The arguments were concluded at 5
o'clock and the court took the case I'M
der advisement until next Friday, when
judgment will be given. The counsel
were given until next Wednesday to
submit authorities as to whether mon
ey given for a specific purpose and not
so applied constitutes embeZZlement.
AS soon as court adjourned the body
Of Gaspare Farango, who had been ac-
tive in connection with the prosecution
Of Joseph s. Grills, was attached in a
civil suit for trespess in the case and
for SANDER. The writ was handed to
Deputy Sheriff Coon, and is returnable
to the May. not the April. term Of
court Farango furnished security fog
his appearance.
Norwich bulletin., 1909-03-27

a considerable distance. He escaped
uninjdred, however. ThiNXs he second
stone that has broken this week.
New Rfitain.-The New Britain
Camera GLIB win hold it's annual spring
outing on Good Friday.
Meridel.-The, annual meeting of tie
New Haven County Medical associa-
ton will be held in this city April %.
South NorwaIk.-Rev. Charles M.
Selleck died at his home in South Nor
walk Sunday night at the age of rs
years.
augatuek.-Deputy Inspector Of
Factories John H. Quinlin .ofNHartford
was in the borough Thursday inspect
ing the local factories.
OakviIe.-More water fell in Thurs
days storm than has appeared in Oak
vile for months, and as a result the
streams are badly swollen.
Norwich bulletin., 1909-03-27
Simple Remedy for La Grippe.

La grippe coughs are dangerous, as
they frequently develop into pneumo-
mia Foley's Honey and Tar not only
stops the cough but heals and strength
ems the lungs so that no serious re-
ley's Honey and Tar contains no harm9
full drugs and is in a yellow package.
Refuse substitutes. Lee & Osgood Co.
Norwich bulletin., 1909-03-27

liabilities are s37,514.79, of which SILL
600 was secured. The, assets foot up
16.11481. Of which $4,735.S1 is stock
in trade. $4,000 Insurance policies, and
property to the value Of 1894, which
is exempt under the law.
Norwich bulletin., 1909-03-27
BRIEF STATE NEWS

Winsted.-A grindstone burst in the
factory Of the Empire Knife company
yesterday and William Turton, who
was working on che stone. was thrown
Norwich bulletin., 1909-03-27

Francis D. Burtch, who has conduct
ed the druggists business in Stonington
for years, under the name of the Il. D.
Burtch company, has filed petition in
bankruptcy in the district court of the
United States. He made oath that he
did not have the fling fee Of $50, Hhjs
Norwich bulletin., 1909-03-27

public property in the Westerly police
station. DR.. Jones reports the young
man mentally deficient and not re-
sponsible for his acts.
Norwich bulletin., 1909-03-27
IpRfNFNrS DYsPEPSIA

A great many persons do not know
this-that such diseases as appendicitis,
cancer of the stomach, ETC., result from
chronic dyspepsia-which, in time is
almost sure to follow close upon neg
lected indigestion. But there is little
need Of considering these facts, when
odolNill give suchquickreieffromth the
digestive disorder-and prevent all the
serious consequences. just as quickly
as Kodol Is taken into the stomach, it at
once commences the perfect and natural
digestion of all the food in the stomach.
Our Guarantee. S ee q Z aCssT oo 4
you are not beneAted-the druggist VIII at
once return your money. Don't hesitate: any
druggist will sell you Eodol on these terms
The dollar bottle contains "a times as much
as the 5oc bottle. Kodol Is prepared al the
Norwich bulletin., 1909-03-27
COURT DAY IN WESTERLY.

Gavitt Liquor Case Abruptly EndedGrlla Embezzement
Charge Before the Court-Arsuments Concluded
Judgment Deferred Until Friday Next-Caspare
Farango Held in Civil Suit for Trespass-Francis D.
Burtch Bankrupt