davidaulloa/AmericanStories huggingface dataset:
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
PORTUGAL TROUBLE WAS
BEAR ITEM WEDNESDAY

James y. Pollock e Co. bankers anc
brokers, furnish the following. received
over their private wire yesterday after.
noon:
Paine: Wcbber & Co. Boston.-The dc
n,and for copper stocks still continued
this morning with the supply rather linn
iio1. North Butte was the feature fol
activity and strength. and tips were GO
ing the rounds that il would cross s35
on THIS move. There was also good
demand for Allouez. :: & p. and Gi-
rouN. CRANKY is about the only weak
spot In ihc market. on unfavorable re-
port published Yesterday and The stock
looks lower. In the late trading con
siderable profit taking appeared and
ssues In New York. but the public is
uecominS more friendly TO the bull side
eacn day and barring occasional sethacks
such as VIC had today. believe the whole
Ist VIII seek higher levels.
Logan & Bryan stock letter New York
.Although foreign markets reflected un-
taas'ness over the situation In Portugal
the New York market opened rather
steady and held relatively firm during
the first hour. But il later became ap-
parent that liquidation for both domes-
TIC ana foreign accounts was in prog
rcss with the result that prices receded
gradually throughout the remainder OF
INC day; II was only natural that the
news with regard 10 the revolt. coming
AZ il did without any forewarnjng. shomi5
unsetue the security markets especially
As the danger of such matters spread
'tr nns w pe FecRoneu at all times The
great part OF the selling, however. was
SAID To be for the account of various
large operators who have been activa
recently on the long side and The VOL
une OF selling for outside account was
rciauVely small Aside from the reports
tcierred 10 above. there was nothing In
the news of the day OF an adverse e,ar'
scter. marketwise. except that call money
Was shade frmer than heretofore <
generally better feeling was said In nrc
van IN iron and steel circles without
ahy deiinile change in the amount or
SSnaraeaer Snairan OF the buying, but September
BOOKINGS OF wire products. II was said
were greater than in some time.
hornolower letter. Boston.-,uppers
we're irregular today but as a uhols
strolS. and gains were registered in most
oi the list. Traders worked on botb
sde5 OF the market The buyjnp uss
considered good and higher prices arc
predicted. although we NAV get triflin,,
setpacks' as this market svmpathizes
win New York more or less. Good
1udses believe stocks should he boi,pbt
clients. 'S'ie their
"a S5anagher says: Curb market strong
s,i,2s a feature OH good buying. Scheftcls
STOCKS were strong, Ely Central selIIna,
AZ az &c looks as n This will work higher
Qulte little Belmont sold at 2 I5-iS
and = put The stock held firm: c,osinD
l5-le bid Nevada Utah off a fran
uon. Industrial list quiet
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
THIS MAN ACCUMULATED
A CHOICE COLLECTION

An echo was had during the week Of
the wildcat period or the stale of Ne
vada, when list of stocks was sent TO
local brokerage firm 10 ascertain wheth-
er or not there was a market for the
same or any intrinsic value thereto These
STOCKS belong 10 an estate of some cast
ern man, who has turned out to he about
the poorest Gucsser on record when il
comes 10 picking live ones. I'm the list
OF several score stocks there are two or
three still alive. bur which are offered
either on the New York curb or In San
Francisco AT very many times less than
their original purchase price.
In the list are companies never heard
of before by the best Informed mining
stock brokers of the city. while there are
several; once widely advertised but
which have been reposing In the grave
Tor four years. II is appalling TO study
that list. and II emphasizes more than
ever that If the average man used the
same judgment on mining stocks that he
undoubtedly would employ in buying a
horse or mule there would he less
complaint over wildcat mining. The east
certainly has choice selection OF mining
certificates and if the list mentioned is
anywhere near an average il Will take
IL few generations yet TO bring about con
ditions ripe for another Wild boom like
that of n few years ago.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
EDMONDS LEASE A
LIVE WIRE SURELY
Seventy Thousand Dollars
Worth Gold Ore Taken Out
in Two Days.

In letter TO Herman II. Green Wed
pesday came the Information from the
National mining camp OF Nevada that the
Edmonds lease had forged into front
ranks by making a magnificent strike OF
gold ore. The Edmonds work consisted
OF long tunnel, and a strjneer at q point
400 feet from the portal was followed by
winzc about sixty-Gve feet In two
days. says tho letter Edmonds took out
$4,000 worth OF gold ore. 1t begins to
look, therefore. as II the National district
Is TO be n spectacular leasing camp lust
as Goldheld achieved It's highest point
through adopting this method OF ex-
ploltng mining ground,
In the last Issue OF the Humboldt star
the following comment was made on the
National company;
The National Mining company OF Ne
vada made another shipment OF bullion
By express from this place to San Fran
cisco Friday evening. This shipment
consisted OF six bars, worth at the least
calculation $40 ,000.
This Is the third bullion shipment made
at National during the month of Sep
tember The other shipments were OF
the approximate value of 100000 and
sf5 600 besides which lot OF taiings
from tho highs grade mills, worth in the
neiEhborhood OF $2b 600, was sent to the
smelters. The approximate production Of
ihls property for September was there
fore S2I5, 900.
The present policy Of the company be-
Ing against giving out the figures on its
bullion shipments, II is. of course i'm
possible to give the exact value of the
gold and silver which are marketed by
this company. But the above figures of
the September production are approx
matcly correct. the number OF bars that
were sent being known and value COM
PARSONS being made with shipments made
during the period when there was no Sc
crecy in regard to the production of this
great property.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
WALL STREET RATHER
NERVOUS WEDNESDAY

| James A. Pollock e Co. bankers and
brokers. furnish the following, received
over their private wire yesterday after
noon.
New York sun says: Probably the
most interesting news of the day con- =
tanning at least implication of uti-
mate relation to finance and securities.
was tho uprising in Portugal. This was
sufficient to disturb London and the
continental bourscs. but not TO render
them weak IN London ,unsos were de-
pressed 10 their previous low level and
general heavness was impaired 10 the
market, fn
1t would be a stretch OF imagina ton
TO connect Wall street dealings with
these developments. for the local stock
market was undoubtedly rcactionary for
no other reason than that liberal guam
tity OF stocks had been sold TO IL on
the strength Of Wall streets recent ac-
cess OF bullishness.
OF other news there was a plentiful
output bearing on The stock market
good deal Of attention was placed i'm
high quarters to the interstate commerce
programme OF suspension of railroad
freight increases 10 February 6. al the
earliest This is longer delay than
had been counted upon, and may cause
some revision OF plans. Stocks rallied
quickly and pursued an irregular course
thereafter. tending TO heavlness and even
weakness.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
NEW COMPANY To
TAKE COAL LAND
Island Greek Company Formed
TO Absorb United States
Coal and Oil.
BASIS OF EXCHANGE
Is - TO 1S SHARES
Annual Report of Old Company
Issued Which Shows a
Good Condition.

A. r Holden, president of the Unitcc
States Coal and Oil company, has is
sued statement to the stockholders
local shareholders receiving the same
Wednesday morning. This notice WAS &c
the effect that the Island Creek Goa
company has been organized tor me PVT PUT
pose OF absorbing the United States Con-
and Oil company, which latter orSanlza-
tion has been one OF the active and at
trctivc propositions on the eastern mar
kets for some time past.
The Island Creek company is Formed
under the laws OF the state OF Maine.
there being 100000 shares Of preferred
and 150 900 shares OF common stock. the
par value of each being 81 a share. The
preferred stock is entitled to cumulative
quarterly dividends at the rate OF, but
not TO exceed. Sc per share per annum
before dividends on the common stock
can be paid. In case OF liquidation OF
the company's nssets. the preferred stock
Will have preference TO the extent OF
The preferred and common stocks Will
have equal voting rights. except that
the common stock will have the right
exclusively 10 increase tne common stock.
or the preferred. 50.000 shares. and of
tho common. 100 900 shares. have been
set aside for exchanging the stock of the
United States Coal and Oil company,
there being 10000 shares of this COM
rany outstanding. The basis OF exchange
is five shares OF preferred and ten shares
OF common stock for each eighteen shares
also are 81. i95. 900 of United States Coal
and Oil bonds TO be exchanged for stock
Of the Island Creek company. the basis
being five shares of preferred and ten
shares Of common stock for each $3.50
oi bonds. The right TO make these eX
changes Will extend to ..v later than No
vembcr -. 1910.
Coincidently with this statement is re-
ceived the annual report of the United
States Coal and Oh company. The re-
ceipts for the past fiscal Year amounted
to SfiS $685., administration expenses.
$40 9li.Sl Deductne the interest paid
10 the amount OF S79,312.S6. gives net
earnings for the year 1923, 56i.9s. The
to date has produced 1877 2GG
ions OF coal from its extensive Virginia
estates.
The directors of the new company are
10 be fifteen in number divided into |
three classes as follows:
Term expires April l912-F. w. Batch
elder. W. II. Coolidge \, F. Holden. B. |
p, Hyde. one to be filled
Term expires April. l9l3-E, II. An
lrcws, 7. r. Davis. ,Ir. c. 4. Hight |
:. l.. Stone. one 10 be filed
Term expires April. l9li-IJ. a. Belch-
Pr. H. \. Clark, {. G.. Rice, G. II. Wit
,omb 5. w. WlnSlow
The annual meetings will be held on
he second Wednesday OF April each year,
1912.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
THE SNAKE
CREEK WORK FAST
Contractors During Month Send
Fore Nearly Three Hundred
Feet Ahead.

The contractors driving the Snake
creek dninage and operating tunnel into
the ParkCity mountains submitted their
report to General Manager G. w, Lam
bourne ON, Wednesday for the month
ending Octber . During this period
up to September 20. only two shifts q
day were PLACED at work In the face OF
inc bore, throe shifts being utilized there
after, yet progress made amounted to
29S feet, This Is just two feet less than
thc monthly prtsress anticipated by US
ing Three shifts steadily. and Mr.. Lam
bourne expects Mat much better prog
resa Than 300 feet a month will be made
as the work progresses
inc contractors report the formation
practically unchaneng and no timber
1ns mas yet been Necessary On Octo-
Der the face was 1881 feet from the
portal The ditch las been completed
TO thc l26O-ioot poln and the perma-
hent ties and track &e laid for dis
tancc OF llS5 feet Tie sucker pipe is
laid for l150 feet.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
BINGHAM BUTTE
MINE IS SOLD
Montana Bingham Company Is
Owner of Property in
Bingham Camp.
GIVEN TO
THE SHAREHOLDERS
TwO-Cent Assessment Must Be
Paid Prior to Stock
Exchange.

w. r. Hubbard. president OF the Mon
| tana Bingham Consolidated Mining com
pahy, has forwarded 10 stockholders OF
the Bingham Butte Consolidated COM
pany a notification to the effect that the
Bingham Butte has transferred TO the
Montana Bingham company the Bing-
ham mining properties of the former,
giving the basis of exchange and other
iacts OF interest in connection with this
deal. The notification follows I'm full:
"AL n meeting held on the 10th day
OF July. 1910. a resolution was unani-
mously adopted providing for the trans
fer by the Bingham Butte Consolidated
Mining company to the Montana Bng-
ham Consolidated Mining company of all
tne property OF the first named corpora
tion, in consideration of tire assump-
lion by the Montana Bingham Consol-
dated Mining company OF the debts and
liabilities OF the old company, and the
payment OF $4,000, 600 and the presi-
dent and secretary were directed and
authorized 10 make the proper deeds Of
slgnments, pursuant 10 the authority
conferred. have been made, and the prop
erty has been transferred 10 the new
corporation.
by the terms of the resolution tho
stockholdcrs OF the Bingham Butte Con-
solidatcd Mining company were given the
|oPIioh ana right, !; they desired. to
exchange stock in the old corporation
pr stock In the new company, share
ier share. Following this resolution. no.
tGes We're sent 10 ali Of the stockhold-
efs OF the privilege and option as given
ine new company, since the passage OF
ms resolution, has levied an assessment
10 me amount of TWO cents per share
on It's stock. OF course, as a condition
TO the receipt of the stock In the new
SSompapy, cor II will therefore be necessary
Tor alll OF the old stockholders who de-
sire toAcXercise this option, 10 pay the
the STOCK '''''
me stock Of the new company neccs-
sary Tor THIS exchange is now held by
INC company in the hands of n trustee
ipr the company. for exchange Such of
Gle sinckholdcrs OF the Bingham Butte
.1ionsolldated as do not desire TO avail
unelhseiVes OF this option. of course. may
retain their old stock: but those who
choose TO make the exchange must do
SO Httnln reasonable time or the stock
leld Tor exchange will be devoted to
WoIui1arE OF treasury purposes. We desire
70 notify you tlnt unless YOU exercise
,e 5ne optlon given. Aon or before the 18th
gay OF October 1s0 the stock held nv
lhe coinpany's trustee for the nurnoee
OF 0,en exchange win he used for treasury
purposes, put and your. right to exchange
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
GOING FULL TILT
BY END OF MONTH
South Utah Company Gradually
Work Up Capacity of Mill
ing Plant.

That the management Of the South
Utah Mines and Snelters corporation cX-
poets 10 have the mill UP TO It's logical
capacity by the time October passes into
history was Gouched for on Wednesday
by superintendent Il. Fl, Lundaulst. who
came up from the mino at Ncwhouse TO
confer with Samuel Newtousc. The re-
Nampcd concentrating plant at this time
rs treating ab0u, 500 tons Of crude orc
daily and the ultimate capacity expected
by the end of the month is between 500
and $40 tons, The company Is sending
one car OF concentrates to the Interna-
tional Smelling and Refining company
daily,
There is q conviction locally that the
recent work OF tho South Utah conpa ny
at depth has resulted In brining some
splendid copper values and extremely
gratifying tonnages TO view. Among the
recent reports from the property was one
TO The effect that the largo body of low
grade copper and iron on the upper levels
not heretofore counted on In The estl-
mated workable tonnage OF this propo-
sition gave evidence Of turning into first
class mill orc ut depth. When asked
about these things. Mr. Lundqust said
that he could not discuss the mine de-
vclopments al present, but he could say
that mine conditions were very favorable
indeed
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
CALUMET AND HECLA 3
MAKES OWN CAST

Cay &c Stursis state that the C,
& Hecla is turning out some very
castings in its iron foundry at ca
and is demonstrating the economy
plant. Patterns were recently com
ana castings are now being made
new type Of rock crusher. the
ever built for this district, and pr
the largest in the world. The "a
the crusher Jaw is 2iXis inches. an
weight OF the crusher frame, cast
piece is twenty tons. These are m
ond cotton castings that Calumet e.
has made. the previous ones having
tho half of q i0-ton fly wheel. Ca
q Hecls Is casting brass and brou
well as iron in its foundry.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
CONNECTIONS SOON AT
EAGLE AND BLUE BELL

yvr rom reports OF progress obtainab,n q,
seiI y gpnGsasy "fsi regarding The Eagle and Bme
sbaT, snI m4rk' ~ is expected that the
coI couay or tomorrow, This new Shaft vii,
connect With the ore bodies of splendid did
mon,r ot onVeloped during the past few
hny hIJ.'S IN virgin territory on, above and
nnoiow now the 1000 level. Shipments of %rr,. n,a
M nave pcen kept down by tho ,napaoo
men nient pending this important shaft wnrl,
anu ,I. thesc soon Will he materially, i ~
creased. The advantage of this' III. ~
nnaie ,isno, ana ITS powerful equipmen, ;nst
by bsefh tho IN / pos position will be felt iSewSise Si
terrItnT,. NihS William, company. whose
gIo a,.i ~ pelns developed via the ia
eIe anu Blue Bell worklngs w. ID
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06

management a few days ago let sd
miners 80 for the purpose of red
expenses. and 10 prevent the calm
There is no change In the properl
lar as can be aScertained In cas-
olncials do levy an assessment, 10 \
be an excellent opportunity for the
pany 10 assert its fairness by a
stockholders into Its confidence. 8
holders who are expected TO pay ae
ments expect in turn 10 be told son1c
once in while how and where
money is being spent.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
Mining Notes.

Walter Fitch. general ger Z
Chief Consolidated company. has
turned 10 Eureka from the cast.
Jerry Drjscoll. the well-known b
Of Eureka. was a visitor in Salt
City ON Wednesday.
Engineer Al Frank OF the Heinzo
is In the city from Butte. and he
Wednesday at the mine and mill In
ham.
Eastern reports have II that thc
Vadd Consolidated company now.
5000 stockholders of record.
Chino Copper stock left all It's
In the lurch yesterday on rhe eastex|
changes. reaching $2050 high.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
STOCK EXCHANGE STILL
DRIFTING ON QUIETLY

Tho business on the local exchange is
lacking In features, conSidera BILE atten-
ilon being given 10 the unlisted column
No pronounced change was noted yes
terday, there being sales for i2.40O
shares, the market value OF which was
sS64S. The following were the closing
unlisted and listed stock quotations
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
INSPIRATION HAS SHOWN
GREAT MINERAL ZONE

The churn drill operations on the terri =
tory in Arizona OF the Inspiration COM
pany are reported to have demonstrated
the existence of the ore deposit for 1000
feet in length. or cast and west. and for
a width of 1900 feet with plenty OF un-
touched ground yet to be heard from
Still further TO the west of the drilled
zone are the Bulldog shaft workings
and tunnclncs. done months ago and
fine ore is known to exist there, IL re-
manning for the drills TO connect this
section with that already probed by the
drills
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
Nevada News Agents

Nevada News Agents
Bauvard-A. C. Pesco.
Goldneld-Louie Poiiin.
Ilawthorne-Louie PolIIn.
moerly-Sheldon LoWney.
I.ovelock-Bble Bros.
Hidas1Mrs, G. a. Harrington.
Reno-Hotel Golden News Stand. D.
senthal g. Armanka: Shepard & Son.
4erington-F. NJ Burner.
Winnemucca-Pearce G. Chase.
Soore-Richard Richards
Cherry Creek-Grey & Collins.
Elko-Wheeler e. Co.
Efy-Grace p. Paxton; HarvilIe Stat,on,
McGill-M Herman; Walden & Bur.
Rhyolite-Thc Crescent
Pioche-Piocho Drug Co.
Caliente-John Shier; Thomas Hin.
street H'n'
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06

FORENOON SALES.
Cedar -Talisman, 500 at 15lc
at 36c. ~
Crown Point 200 at SIC: 200 at &c.
Iron Blossom 500 at 75c
Lower Mammoth. 500 at 9c
May Day. 1000 at 5gc' 24oO at &C.
Mineral Flat, 1900 at &C.
Nevada Hills, 100 at $40
Ohio Copper. 600 at sl.67l: 100 at s1.7O.
buyer thirty days; 100 at $11O.
Opohongo, 500 at 23ic.
Prlncc Con, 500 al SIC
Sacramento. 5000 at &c.
Sioux Con, 1000 al csc; 900 at s2lsc,
Tlntie Central; 100 at 7ac.
Shares sold, i6 200.
Selling value, s3iSo.75
OPEN BOARD.
Black Jack. 1000 at 1Slc; 1000 at 14c,
buyer sixty days.
Colorado. 100 at sc,
Columbus. 1000 at 35c
Iron Blossom. 100 at 75c
Swansea. 200 al &c.
Gerington Copper 1000 at 2ic
Shares sold. 500.
Selling value. s1Itl.
AFTERNOON SALES.
Cedar Talisman. 1900 at 15c.
Colorado. 500 al -33c
Columbus, 500 at 35c
Iron Blossom. 500 a 15c
opohongo. 400 at &c. 600 al 2lAc.
Sacramento 1900 at &c
Ctah Con. 1900 at 9Ac.
Shares sold. e10o.
Selling value, S1i3S50
OPEN BOARD.
Cedar -Talisman. 200 at l5lc: 1000 a l5c.
Colorado. 1000 at 32c 49,
Black Jack, 1000 at l3c.
Crown Point. 500 al &c.
Iron Blossom. 100 at 74c.
May Day. 800 al SIC
Victoria. 200 AT s1.20
SIOUX Con- 1000 at o5r
Shares sold. 1000
Selling value sla7S n
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
0PEX ASSESSMENT IS
EXPECTED THIS MONTH

An assessment OF not less than three
cents a share Is predicted by local cir
.cles close in before the end of Octo-
Der OH OpeX stock. Ii Is said that the
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
Ore SHIPMENTS.

VT, The Utah Orc Sampling Company ,
IWeunesday released cars ot ore fro
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
Ore and Bullion.

The ore and bullion report for we
dav. given by Mccormick & Co., y
follows: Orc received, $4,000;
shipped. 500. 900: total, $4,000.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
Metal MARKET.

The metal quotations br Wednesday
posted by Mccormick & CO, were as fol.
lows. s1., Silver 5SSc, lead, $40; copper,
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
San Francisco Mining Stocks

o,ai SAN FRANCISCO, oct. 5.-Tbo orr
tnde,, osins @ quotations for mining stocks
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
Monthly Copper Exports

rnsures
amounted 81
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
New York Mining Stocks.

James A. Pollock e. Co, banl,rs and
brokers, furnish the following, pceived
over their private wire yesterday after
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
Nevadas in San Francisco.

James 4. Pollock & Co.. bankers and
brokers, furnish the following, received
over their private wire yesterday after
noon.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06
BOSTON Conner Stocks

James A, Pollock & Co, bankers and
brokers. furnish the following. received
over their private wire yesterday after
noon.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-10-06

San Francisco Oil Stocks.
James A. Pollock &; Co. bankers and
brokers, furnish the following received
over their private wire yesterday after
noon: