davidaulloa/AmericanStories huggingface dataset:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
RUSH OF PRICES
WAS UPWARD

New York, July 27.-The stock mar
ket today showed the after-effects of
the Generalization OF yesterday. An
upward rush of prices accompanied an
! opening scramble among shorts to COW
err. The whole list started to points
higher from tho opening yesterday. with
" estnghouse Electric up 4; Missouri
Pacific. 3la, Great Northern preferred
ana American Locomotive, "a.
a slump OF 6 points In Rock Island
preferred caused fears OF a renewal Of
forced liquidation ike that OF yesterday
and the general list ran on but with a
rally OF ~ in that stock the whole
market came up again and the tone be
came quieter.
Reports became current that private
settlements had been effected ON en-
barrassed accounts which viii relieve
the stock market from the necessity Of
further forced liquidation. The ABB
sorptive power OF the market duriag
the morning alarmed the bears ana,
they bought in large amounts to cover
shorts.
by the early afternoon prices were
up between 3 and points for the
Pacinc and transcOntinentals, United
States Stoel, Amalgamated Copper anu
other stocks OF like Importance. Mis-
souri, Pacific advanced 6h.
Jumped / to points over the closing
level OF yesterday for practically all
of the most active issues. The rise III
Westinghouse Electric reached 4, MIS-
souri, Pacific, 3ia; Great Northern pre-
ferred and American Locomotive Ztg
and Minneapolis, st. Paul * Sault ste.
Marie ga. Prices fell back somewhat
on secondary quotations, but the mar
ket maintained rate of furious ac-
tivity The market was feverish ana
excited during the first hour a slump
in Rock Island preferred TO points
below yesterday suggested recurrence
OF forced liquidation of the KIND that
demoralized the market yesterday. The
general list ran off sharply from the
high prices of the opening. Buying
orders again appeared and steadied the
market. Rock Island preferred rallied
4A.
The good absorption OF stocks offered
begot Increased confidence. The mar
ket threw of its hesitation and start
ed upward again. Prices rose above
the high level of the opening with gains
OF over points in the Pacihcs and
ans-continentals, Illinois Central, Nor
folk & Western, United states steel
Amalgamated Copper, Central Leather
and others Canadian Pacific rose ga
Fevcrish fluctuations in Rock Island
preferred were disregarded.
Bonds We're stronger.
The bull party became more aggres-
slve with the cessation Of urgent liquid
alton and bid prices up forcing some
heavy covering by the shorts. Missouri
Pacific was carried up ga and numer-
Gus prominent active stocks 3 to 4
points. The pace proved too fast and
prices fell back "A fraction
The market closed irregular but near |
the best prices. There was an extern
sive profit taking movement In the last |
hour which carried back the whole or |
the active list between ! and points. |
with this completed the market became
strong and active again, rising to the
highest prices of the day. L.aclede |
cas- declined 21L, and then rallied Y. |
Southern Railway preferred rose 5.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
SECY. WILSON INSPECTING
FOREST RESERVES

saho6l90 3 3SrikwwfJdli ,2AfR'cmf--& y
Seattle. wash. July 27.--Secy. OF
Agriculture James Wilson, with his
son, James, Jr., who Is also his private
secretary. arrived In Seattle last night
on trip OF personal inspection OF the
northwestern forest reserves.
The secretary worn out by Today
trip through the reserves of Montana
and Idaho. much of which was made
by blackboard. refused to talk.
1T is strikngly apparent said his
son. that the timber lands have been
sought merely for their commercial
value In entries ostensibly for home
stealing purposes.
We found vast areas In Montana
and Idaho. in the Kootenal and Black
foot valleys that were ideal fruit lands
and In this state the results of applica-
ton to fruit are surprising.
Vast forest fires have worked
havoc In timber throughout the west
recently. but the recent heavy rainfall
In the east served to check them for
time The entire country up 10 that
time seemed ready 60 burst into flames
with the drouth."
The secretary and his son will leave
within day or two To inspect the
Olympia reserve and may possibly go
over The Rainier reserve, continuing
south into Oregon.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
MINING, BUSINESS AND STOCKS.
WILL CLOSE YAMPA
SHELTER ON FIRST
Mine and Plant win lay ON Close IN
800 Men-GarfeId Company
To Get Ore.

orders were issued this morning for
the closing OF the Yampa smelter at
Bingham on Aug. l. at which time in
thrown out Of employment. For some
time past the plant has been handling
from $50 TO 500 tons of ore a day from
its mine at Bingham and also some
custom ore from the Bingham Mines
company and a few small shippers In
the canyon.
The plant will lay OF about 225 men,
while about IS will be discharged from
tho force at work at the mine.
For some time IL il understood that
the property has not had large mar
gin OF profit or even a fair margin OF
profit for the money invested. Since
the contract with the Utah Console
dated and the American Smelling and
Refining company expired the latter has
been looking for a good base for the
smelling Of ores. 1t is understood that
an offer was made TO the Yampa for
all Its ores. which II IL declared will
MI the place made vacant by the
Utah Consolidated The offer is Ia
said to have been one that would allow
the company to make a good profit and
at the same time allow its smeIter to
remain idle.
Although the mine WIFI continue to
send out ore 1T is probable that the
production will be curtailod. Not more
than 800 or 400 tons Of ore day win
be taken out of the mine
Ever since the price of copper start
ed 10 sag there has been considerable
effort on the part OF the Yampa smelt-
er to cut expenses and keep within
figure that would allow a profit Be
sides that several accidents and chang
es at the plant have been n heavy
drain on the company AS prices in
metals continued to grow worse II was
thought best to accept the proposition
made by the Garfield plant of the
American company.
c a. Pringle, general manager OF
the company. will remain I'm charge of
affairs, IL is said. Frank Murphy is
the superintendent at the smelter and
will probably continue with the COM
pany.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
BUSINESS AND REALTY

Manager Lawry OF the Pacific Board
OF Underwriters expressed his expecta-
ton today. that the city council COM
mtttee on municipal laws would later
in the week take favorable action on
the proposed adoption of an electrical
wiring code for this city. MIR. Lawry
says there is no trouble about wiring
new buildings, as the boards inspec-
tor Is on the watch, and if there is
any poor work done. up goes the rate
Of insurance on the properties involved
Contractor A. II. Parsons of Los
Angeles, who has charge OF the plaster
work on tho Hotel Utah, says IL will
be the finest in the entire western coun-
try. not even excepting the famous
Blanca cafe IN san Francisco, which
has reputation In building circles all
over the United States Utah plaster
is being exclusively used
The Camden Fire Insurance company
of Camden. n. j., filed a copy of its
articles OF incorporation with the sec
rotary OF state this morning designa.-
ing the commissioner OF insurance as
state agent,
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
VISIT BEAVER COUNTY.
Fasteners Return From Trip 10 Utah
Gold and Copper Company.

After examining the work being done
at the property OF the Utah Gold and
Copper Mines company in the Washing
ton district. Beaver county, Prof. II. l.
Wells. analytical chemist and metal
lurglst at the Sheffield scientific school
OF Yate Edward r. Richards, jay FL
hot johnson and John T. Breckon. con-
sulting enegineer for the company. re-
turned to Salt Lake this morning The
party has been at the property for sew
eral days making a close inspection OF
the work being done.
The new mill Is well under way The
hoist for the property is ON the way.
The compressor will be in running or
der by Aug. / and the engine will DO
operating shortly after. Additional
water tanks are also being constructed.
In development work drifting is he
ing continued along the main tunnel
to cut the mammoth vein. In the south
wlnze II Is declared that two feet OF
good ore has been encountered and this
is Increasing in value and strength as
depth Is acquired.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
CURTAILMENT AT BUTTE.
Dispatch SAYS Properties Operate Five
Days Week.

Notwithstanding all the denials that
have been made and which still are
omanating from the general Offices of
the larger producing companies. cur
tailment policy is being observed at all
OF the Anaconda Copper Mining COM
pany, which now embrace all Of the
Amalgamated and subsidiary companies
and the recently acquired Clark prop
critics. and whether this is merely to
allow the smolters TO catch up remains
To be seen. says a special dispatch to
the Boston Financial News
At all of. the mines a large number
OF men have been laid of and there Is
hardly a mine I'm the camp, outside OF
the independent operators, such as the
Butte Ba laklava, Tuolumne and East
Butte. which Is being operated more
than FIVE days n week, 1t Is estimated
that at the present time there are not
more than 1000 men at work in the
mines of the big companies, and II IL
limited In some quarters that unless
there Is a change for the better In the
copper metal situation in the near
future. production In the Butte camp
will be further restricted.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
COPPER CURTA|LMENT
DECIDED IN EUROPE
ACKNOWLEDGEMENTS no announce
mcnt VIII Ever he Made.

Definite confirmation has been OBJ
tained from various authprtatlN q
sources Of the reports that negotiations
looking to the ,urtailnent OF the
worlds output OF cope nave been go
ing on abroad for some time. and, ac-
cording TO private advices received by
several prominent producers recently,
an understanding between the interests
represented has been practically reach
ed
The principal conferees. according 70
these advices. are: John ID, Ryan, rep
resenting the Amalgamated interests,
Daniel Guggenhelm and representatives,
Of the Rothschilds, who control the Rio
Tinto mines. says the Boston Financial
News.
Details on this side are lacking, hut
II Is not believed here that any public
or formal announcement OF the intend.
ed curtallment viii at any time be
made.
1t is pointed out that while an agree
ment between the Rothschllds and
other foreign copper interests and the
principal copper producers here TO cur
tail the worlds output could not DO
amenable To any legal surveillance. at
the same time anything In the nature
OF definite agreement between Amer
lean interests to restrict their own out
put which, OF course, would have To
be a cOrollary OF an international agree
ment. would be liable. II IL argued. 90
excite an Inquiry on the part of the
Washington authorities.
IL Is. therefore not believed here that
the agreement reached is anything
more tangible than the understanding
that the copper production by the
principal copper producers OF the world
shall be restricted hence forth until
conditions shall show Improvement
As has been indicated. what detailed
arrangements II any have been made as
10 the extent of the curtailment have
not been heard here and IL Is probable
that II any such have been made they
viii never be made public, The general
effect of the curtlilment will speak for
itself.
An important domestic interest In
regard to the foreign negotiations said
that he expected that Il would be ap-
preached eventually by the American
Interests now abroad In regard to cur
tailment. but that II had already de-
cided that curtailment was necessary
and knew that the producing interests
generally I'm this country were entirely
In accord with the negotiations abroad
In connection with the advlces re-
ceNed in regard 10 foreign negotla-
tons, much significance was attached
today 10 the advance OF CT In the price
OF copper metal abroad and the
strength Of Rio Tlntos in London.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
TRADING IMPROVES.
Volume of Business on Local Ex-
change Il Larger.


The volume of business on the local
exchange showed somewhat Of an i'm
I proVement over yesterday. and the
number Of shares OF stock that changed
hands went up to 10000 for which s.,
Oe2. 50 was paid. The market was also
more general in trading and more
stocks were bought and sold The
local market appeared to have absorbed
some Of the pessimistic feeling OF the
east with its panic threatening session
OF yesterday.
Colorado was low this morning
ehrnGing hands at 80 and 81 cents. Co.
lumbus Consolidated fell from 81 cents
TO ~ cents, while a little over a week
ago II was selling at "a cents. Iron
Blossom also fell Off to II cents Ohio
Copper reached the 81 .50-mark which
has been looked for.
For the first time in many weeks
there was sale Of Grand Central one
block OF 100 shares changed hands at
N.O1ia, Nevada Hills sold at t217k and
had every appearance OF being much
stronger.
on the curb market Opex continued
at the head Of the list with only a
limited amount OF buying The num-
Der Of shares of this stock that changed
hands this morning was 5000 The
sales on the curb market this morning
were: 500 shares of Seven Troughs
Coalition at 80 cents 500 shares OF
opex at ~ cents: 1000 at IS; 500 at
44h: 500 at IS; 900 at 45is. 100 at 46
TODAY'S QUOTATIONS.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27

May delivery. The market opened u
, SSs to = up; September at the Outset
S wsI .i nnGasdsed go 60 on at SsA to y
The light hog run everywhere made
p,o ,ds hrin. gain OF 2h TO 7lsc.
70 loo' was shown at the opening and
sales OF the September option were al
22S for pork li.8 for lard, and ii.G7L,
Wheat-stop-ioss selling was feature
but rallies followed news that threshing
results In Kansas were slim and that
wheat was being loaded at Duluth for
export The close was easy. however
with September at t.OiM to hah. a net
loss or 9suA To Adfs.
Corn-Reports OF new damage by hot
Wlhdh caused "A SHARP rally. The close
was nevertheless easy. with September
az 65a. a net loss of isQA
- Cash CORN No; ?. eepl.i No 2 white.
No. white. d6TaG7; No. yellow. Is:
No. 52ueil y; No. white, 6ia65ls No
6iesSwnss egeas6. M ou; sept. 7se
Barley-Cash. 5oN7o.
Tlmothy-sept, GO; oct, 500: March.
wheat-July. 1o7Z: sept. f.oih to n:
Dec. lO6i.Fpas May. i.iOta.
Corn-July e5is Sept. G5a4; Dec, 6iA 10
y May, oSss to Am1
oats..-July, l0ll Sept. ss%@4: Dec.
$685. May, i2ls0h
Mess, Pork, per bbc-sept. aa.l7,s;
Lard. per 100 lbs-Sept. li.Gb 40,
oct, ll.Uls Nov. .fi1s.
short RIBS per loo lbs-sept.. II e7ls.
Oct n.l7}su Ii 20; jan $40.
SUGAR AND COFFEE
New York, July 21.-Raw sugar. firm;
muscOVado, SO test. $50; centrifugal, 96
test. 4.36: molasses sugar SO test, 3Gl
Refined, quiet; crushed, 5.S5i graduated,
5.i5, powdered. 6.2i
Conee-spot, quiet No. Rio. SIX No.
santos, 9A.
BUTTER AND EGGS
Chicago. July N.-Butter Steady.
Ceameries, 23u IS: dairies 230G.
Eggs-Steady. at mark. cases included,
l0l1F. receipts. HOO cases; flrsts. 10:
prime nrsts. IL
Cheose--Essy. Daisies, 15i4ah Twins,
l4hq15; Young Americas 15h0 u Long
Horns, 15A.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
LIVE STOCK.



Chicago. July 7.-Cattle-Receipts ,es-
timated az 1000: market steady TO loc'
lower Beeyes. Asa SD; Texas steers r.
/ G5u5 50; western steers, ilSg 90
stockers and feeders. 4cOgo. - COWS ana
heifers, 2.5oQ65O; calves, 6:SoasIb.
Hogs-Receipts, estimated AZ 1900;
market &C. higher. Light, S.65gs.l0, mix
ed, s.3qS.eo; heavy, t.%qs.Io, rough
SIS; pigs. se0a9.10 bulk of sales $500
sheep-Receipts, estimated Ct -ol ioo %
Western. 2. 6od 40: yearlings, 4.bon5.75;
lambs. native, 4.5en7.D; western 4''og
'"' KANSAS CITY.
Kansas city. July 27.-Cattle-Receipt
1i.O; market steady 10 lOc. lower, ga
tive steers, 4.5ONS.O0, cows and heiters,
. 5Oa6.O; stockers and feeders, 3.0oq6 80;
bulls. 2.OOd4 60; calves. fOn 500 west
ern steers. l.3G7.oo; western cows 2.pg
Hoea-Receipts. 100 market strong TO
go hiFher. Buik Of sales, S.bdS.S5; heavy.
S. 4Jgs 60; packers and butchers s.Oas.SS'
i's sheep1Recsipts. 600: market steady.
Muttons 36OG42; lambs, I.047.65. fed
wethers and ycarlings, $4,000; fed west
ern ewes, 3.oO9i.OO.
OMAHA.
Omaha, July H.-Cattle-Receipts, 400;
market steady 20 lower. Native steers,
475n7.75; cows and heifers S29o.oi
western steers 500 600 range COWS yylsJ ana s-i
stockers and feeders. S.oO@6.50; calves
4.Ooa 90; bulls. stays, etc. 100000
Hogs-Receipts, 500; market TO Joe.
80: light, SOFAS 50; pigs, 10000; bulk
OF sales, 5 2onSS
sheep-Receipts. 300; market slow to
8.5Oa425; ewes. 975a3.75 lambs, $500
So
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
PRODUCE.
CHICAGO

Chicago. July 21.-Belief that the heavy
damage reported In the Canadian north
west was exaggerated was Influential In
pulling down the price Of wheat today,
Lower quotations AT Liverpool formed
another bearish factor IT as also stated
that tho crop In the Dakotas and Mime
sofa had reached a stage where further
damage could be done only by n wet
harvest. Selling was heavy, especially
when at one time there wasSa slight
symptom of a rally. The market open
cd unchanged 10 a 9. lower with Sep
tember at 1 -O3iz TO = that month ranging
from last nights Level TO = nM below
From the point named the decline con
tinued 10 Lola -
There was notable lack of outside
buying orders IN the corn market. Buy
ers turned sellers and caused depression
in prices Country dea.ers seemed to be
holding aloof. The opening was un-
changed to y up. september started at
co.'s de6L. last nights figures TO \
above. Then came n descent TO 65A
Huge hedging sales of September oats
were made by prominent commission
house. The same concern bopshf the
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
WOOL.


ST. LOUIS.
ST. Louis. July 27.-wool, higher Ter
ritory and western mediums, Sml3; me
mediums, 1gUlS; fine, i2aA
BOSTON.
Bostcn. July 26.-Domestic wool,
both fleece and territory, is more active
this week. Business, however Is not by
anymcans heavy. as manufacturerers are
showing little disposition to buy raw ma
terial except for immediate needs. The
principal western quotations.
Secured basis: TexaS-F1ne, twelve
months. bSq60. fine, six TO eight months
J405s, fine fan 5oQS2.
MISUNDERSTANDING, 5sQ5 middle
county. 50dSi. southern, 5g51; fall
free, 42Q43
gon-Eastern No. staple. 61G62s
eastern clothing, 56g57; valley No. l,
52Q54.
rerritory--F1se staple. s0as2 nne
medium staple. 5eG60. fine clothing, oS1
CO: fine medium clothing. sass; half
blood combing. 65a5s; three-eighths
blood comblng, 65M SO; quarter-blood
combing, 52dt 81. pulled. extra, 6; fine
A, 60d62; a supers, 56a57.
LONDON
London. July S.-The fourth series
OF the wool auction sales closed today.
A miscellaneous assortment OF s.i& bales
sold readily. with the exception OF
faulty, which was weak.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
FINISH MINING CASE.
Mountain Lake Extension and Pitts
burg In Squabble.
Especial 10 The News.)

Especial TO The News)
Provo. July 2T.-The suit Of the
Mountain Lake Extension Mining COM
pany against the Pittsburg Consolidat-
ed Mining 4 Milling company is being
heard before Judge Booth in the Fourth
district court. The suit is TO decide a
controversy over conflict in area be-
tween the Good Hope Nos. I, o, 8, Z and
mining claims In Am erican Fork can
yon and Pttsburg Nos. 2. 3, and 5,
Little Rock and Little Rock No. min
ing claims in American Fork canyon.
The first group is owned by plaintiff
and the second group by defendant. c.
s Price is representing the plaintiff
company and w l. Snyder the de-
PENDANT company
The oral testimony Is all in and
briefs will be submitted and the case
taken under advisement.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
BUTTER AND EGGS.
T0DAY'S MONEY MARKET.

New York. July 27.--Money on call easy,
Nae per cent; ruling at is per cent;
closing bid, Ia per cent; offered AT
per cent.
Time loans, dull and firm: "a days, $40
ASA per cent; for - days 3AQ4 per
cent; for six months. 5Qh per cent.
per cent.
sterling exchange weaker. with actual
business In bankers bills at t3 .J0d 90
Tor GO-day bills. and at 4.s5. 10 for de-
mand.
Commercial bills. 4. S2@. i.S3A.
Bar silver. 63% cents.
Mexican dollars. A cents.
Government bonds, steady. railroad
bonds, strong.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
GOVERNOR GETTING COPPER.
Drift rom Star Shaft Following Ore
Body.
Especial to The News. }

Especial to The News)
Provo, July 27.-Inquiry at the Knight
office relative to reported increase in
values at the Iron Blossom was an
swered by Mr.. knight to the effect that
he knew OF no change IN conditions
The gold ore In shaft No. is contin-
uing, and possibly improving in value"
said Mr. Knight. but | know of moth
ing new 1 talked with Tintic yesterday
morning but nothing was mentioned
about Iron Blossom. and do not think
there Is anything new; nor do 1 know
of any great increase I'm shipments. {"
Mr. Knight stated that the Governor,
which Is being worked through a drift
from the 300 level OF the Star workings.
Is opening up some good copper ore
in a assure on which a drift is being
run.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
ORE IN EXTENSION.
Good Mineral Extracted In Develop
mcnt Work.
Especial TO The News }

Provo. July GA letter from VIM.
VI Horner, who has charge OF the
development work on the Mineral Flat
Extension Mining company. states that
he has taken out about a ton OF ore
silver and copper-from the mine this
week I'm doing development work which
was started about a week ago. He
expects this ore 10 run about $50 TO
the ton. The Mineral Fiat Extension
property is located In the ridge divid-
ing American Fork canyon from Lit
tie Cottonwood canyon and IS In the
Alta district.
The property Is principally owned by
Provo people. Jos. l. Bullock 10 the
president, II. l. Rrown. secretary.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27
Pioneer Roofings.
Sold, laid and guaranteed by
LA MBERT PAPER CO.
woLGAsr vs. MCFARLAND.

New Orleans. July 27.-A a0-round con-
test between Al Wolgast and Jackey Nc
Farland is n card which local promoters
hope TO present In New orleans on Labor
day. Tommy walsh. matchmakcc Of the
New Orleans Athletic club, has. offered a
10000 iurse.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-07-27

2H3. Montsy. Mt ] asked. Homcstako
Cons, 1 asked. Tramp Cons, asked.
MANHATTAN.
Dexter. SutO; s Dog, asked.
OTHER DISTRICTS.
Falrview Eagle, ~ asked: Nevada Hills.
2.1'4s n2.9; Pittsburg 81 Peak. 55Gi56
Eagles Nest. sac; Hailstone, 4d5;
Round Mountain. 4ia47. Rawhide Queen
y asked, Rawhdc Coalition. ii bid