davidaulloa/AmericanStories huggingface dataset:
Arizona republican., 1917-06-24
WEEKLY FINANCIAL REVIEW

NEW YORK, June 23.-Highest money rates this year and record break ing gold imports were the salient feat ures of an otherwise unimportant week in. the stock market. Dealings contract ed sharply and the undertone was often irregular
 Call loans remained around 6 per cent which rate was exceeded when indus trial securities formed the great bulk of the collateral. further discrimination being shown against issues of specula- tive character.
 Well informed financial circles ex- pect no marked readjustment of these conditions pending payment of the first Liberty loan installinent, which calls for s360, 900, ,000. Almosc coincident with this are the July interest and dividend disbursements, which win surpass al previous demands.
 The treasury department has in formed bankers that steps soon will DC taken to relieve the pressure on the money market resulting from the re- quirements of the Liberty loan. It is expected fully half of the money now virtually idle will be made available immediate after the mid-year
 Wall street expressed disappointment rover the failure of the Washington au thorities to fix upon a definite sched- ule of rates for the more important staples to be purchased by the govern ment in connection with impending contracts.
 The proposed war tax measures also gave rlse to further anxiety, although amendments now contemplated by con gress are for the most part less Onerous than those under consideration a few weeks ago.
Arizona republican., 1917-06-24
6be MINES of ARIZONA

Calumet & Arizona in the Warren and Ajo districts. The drill is set up onthe 1640-foot level in the face of a drift 1275 feet south of the shaft. The first hole is horizontal and pointed east ward through schist that is shot full of iron sulphide.
 With the coming of warm weather the mines in the Verde district are having much less trouble with water than they experienced after the heavy spring storms. At the Jerome Daisy north of the A. & A.. one No. Cam eron pump is handling all the water that makes in the shaft, which is down about 250 feet. Two other pumps that were installed when the Jerome Daisy seemed in the way of becoming one of the wettest mines in the district are standing idle.
 The Jerome Daisy is working three shifts since it's machinery was in- stalled and the power house completed, and rapid progress is being made in sinking to depth. It is probable that at 800 or 500 feet a crosscut will be run northwest to the intersection of the Verdenorth fault and a cross fault where conditions for, the deposi-
 
 Operations have been suspended in definitely at the Jerome Victor Ex- tension, which adjoins the United Verde on the west. Following the in stallation of one of the best steam plants in Arizona and electric pnmos adequate to handle the heavy flow of water, orders came from the com pany's New York office to dismiss the 1h lat
 explanation of this action has been ihaue oy the company, which is known to be well financed
 The Calumet & Jerome shaft ha 6 reached depth of 520 feet and q sta ton Is being cut at the 500. This sha fl IS bottomed in soft Yavapai schist shot through with iron sulphide and .iocks Of chalcopyrite. Everything is favorable for the opening of another pig ore body and the c. X J. seems to nave an even chance of bring in inc next mine of the district.
 lhdlcatons no less favorable bow- ever, are being opened at inc Verde Conoinatlon, where the shaft is down o2o feet and bottomed in scbist The verde Combination schist also carries ron and chalcopyrite and it is believed ''. ore VIII De opened when a point or deposition is reached.
 Ar drills began working in tho Cor, olnatlon shaft last week, the comnres. sor having finally been placed in con, mission. Work is being continued bv nahd in one raise and several crosscnts rom the Mescal tunnel, and all give splendid promise of copper ore.
 ProVlding an eastern geologist who aidue an examination of the Verde Hl npeA @ iast week makes a favorable re- dauo,, 6o Slov,Voo Will be available for the development of that propertv rrhe geoioglst was sent to check up the ra : port of Walter Harvey Wood who looked over the Apex about tbrae months ago and recommended it's del seiopment. It is understood that Ca : naotdh ,r .t capitalists are largely interested tro1ii r iiie synolcate negotiating for con company. npeA
Arizona republican., 1917-06-24
THE SALOME DISTRICT RhiIin

o<ALOME, Arizona, June 20 | Al .nousn the Black Giant Mines com pahy IS a corporation less than three iioiiths oid, It IS now proceeding witb unprecedented speed in deveIopine inc nissest Iron gossan outcrop and other iilulcatlons of copper in the HarcuvaI range. With the backing of Mobile Ala, 1nanciars, the Black Giant bae sunk shaft nearly 100 feet. and hv JuIy l, will have air drills going Re- sides doing this in sixty days tbe company has also erected d hoist and the necessary camp buildings.
 At a depth of 800 feet. the shaf, VIII lntersect ledge of iron gossan specuiar iron, limonite, manganese and quartz. This ledge is fully 1j0 feet "lde. It can be traced for over mile
 foliowlng this, drift will be run 10 the south, back under a hill. where the ledge crops bigger and stronger than elsewhere. The drift will gain 2 depth of 1,250 feet from the apex in doing this
 If the Black Giant strikes copper u Will be an immense body. accord ing to mining experts and geologists The belief is that the Black Giant ledge was all copper ore to the sur NHhe "itii tue exception Of a few pieces of copper carbonates the values have leached down. In this re- gion, at a depth, copper usually re- places specular iron.
 foilowing a similar ledge two miles southwest of the Black Giant res,lJtec Tn the Critic, rated as one of the rich est little properties in the state. Tr the case of the Critic. the ledge was even smaller. The Critic is owned bx George B. Lyton, New York banker but is under lease to F. A. Stent an6 Geo. A. Easton. The high grade gold copper ore from this mine nets be- tween $3,500 and s4,500 a carload. aft CT heavy transportation expenses. The Critic Is not developed below 400 feet
 The Cunningham Pass section of the Harcuvars. where the Black Giant Critic are operating is also the seen, Of operations of the Black Reef. Wen. den, Wenden Verde and Wender King. The Wenden is backed by Glob. interests, including some Old Domin. ion stockholders, and all of these properties are meeting with marked success
 The Cobrita and Cobrita Verd, mines, in the Tank Pass region. foul miles west of the Critic are also ac. tive. After a years development work the Cobrita shows promise of becom ing big mine, high grade sulphide running P per cent copper and abou S20 ton in gold has been shipped from a drift tunnel near the top O
Arizona republican., 1917-06-24
FINANCES AND MARKETS
Republican A. p. Leased Wire]

lRepupiiCan A. r. Leased WfreJ
 NEW YORK, June 23. (Wall Street. Opening at irregular prices on rela- lively small operations, today's short session soon developed strength in all directions under the guidance of equip ments and similar war issues. The only notable exceptions were shippings and Saxon Motor, the latter recording an extreme decline of 8 to Is points and rallying little more than half way.
 Baldwin Locomotive was the strong est feature at gross gain of 65s to 727s, virtually all of which was retained. American locomotive rose almost 3 points and United States Steel rushed forward in the latter dealings to 1904. a gain of over ? points. Bethlehem Steel new shares. Crucible Gulf States. Midvale steels, Great Northern Ore and Colorado Fuel finished at advances of l to 21h. Rails were unusually quiet. Total sales 320,000 shares.
 Unusually heavy dealings in liberty bonds at par to 100 2-50 helped create more favorable sentiment.
 As result of the extraordinary movements during the week actual ex- cess bank reserves again contracted by over s12,000, 900 the total excess declin- ing to S41S27 ,230 or within a million dollars of the minimum established in December 1916. The gene:2. pond list was heavy. Total sales, par value s. 0,00G, Liberty bonds contributing over half
 The various old United States bonds were lower by to per cent on call during the week.
Arizona republican., 1917-06-24
Worlds Longest Mine Tunnel

JEROME. Ariz.. June 2S.-Con- struction of the longest mine tunnel in Arizona, and one of the longest in the world, is now under way here. The Potter Construction company of New York and St. Louis, has contracted to complete within a year 12,500-foot tunnel that will tap the 1400foOt level of the United Verde Extension mine. It is understood that the total cost of the tunnel is to be over s1,000,000.
 Originally the Extension company planned to have tunnel driven through the lower end of the Jerome Hogback, about three miles east of this camp, northward to the Extension ore bins on the Verde Tunnel & Shelter railroad, and thence west to the mine. That tunnel would have been only a little over 10000 feet in length. Within the last few days this plan has been entirely changed
 The tunnel has been started within short distance of the point originally selected for the portal but it is pointed west instead of north. It will be driven to a point under the hogback some 1900 feet east of the Dundee-Arizona prop erty and from there will bend north west toward the big Extension ore body.
 Sinking of a 500-foot shaft 50 feet from the place where the bend is to be made is already under way. A crOsscut will be run over from the shaft to the line of the tunnel and crews will then be started driving both ways. Within a day or two another crew will be started driving the tun- nel and crews will then be started driving the tunnel from the 1400-foot level of the mine. Three shifts are to be kept at work constantly in the four headings.
 The dimensions of the tunnel will be 912X91a feet. It will be used princi- pally for haulage. Construction of a railroad from the site of the U. V. Ex- tension shelter, five miles from the mouth Of the tunnel will be under taken within month. This railroad IS to run from the shelter right through the tunnel and into the mine.
 It IS expected that the shelter and tunnel will be finished next June or July Until that time the Extension must continue to ship it's ores to the Douglas, Globe and Humboldt smelt- CTS. The ore is hoisted through the Edith shaft and transported by aerial tram to the railroad, mile away.
 A four mile railroad from ClarkdaIe south to the site of the shelter will be finished about July 20. Steel for the shelter will be on the side track at Glarkdale by that time and construc- ton of the shelter, an SO0-t ton plant Will then be rushed with all possible speed. Most of the necessary grading has already been done.
 Since the recent labor strfkssthe Ex- tension ore shipments have averaged $50 tons a day This ore avera around p per cent copper All ore running lower than 12 per cent is left In the stOpes for treatment when the company has its own smelter.
 Diamond drilling operations are now under way at the Arkansas x Arizona under the direction of N. Bertrand. who has long been associated with the
Arizona republican., 1917-06-24

against federal reserve bank notes $500,000
 All other resources, S40S, S,000. Total resources, $1, ,999, ,642,000
 Liabilities Capital paid in, $51171,000. Government deposits, $495, 1907 0OO Due to members, reserve accounts, SSO6, 6,2O9, 900.
 Collection items, $137 ,5S1, ,000 Total gross deposits, $1,439, ,597 ,000 Federal.reserve notes in actual circu- lation, $499, ,721, ,000
 Federal reserve notes in circulation, net liabilities $776,000.
 All other liabilities, including foreign government credits, s2377, 900. Total liabilities, $1,999,642 ,000 Gold reserve against net deposit lia- bilities, 65.5 per cent.
 Gold and lawful money reserve against net deposit liabilities, 6S.4 per cent.
 Gold reserve against federal reserve notes in actual circulation, 79.S per cent
Arizona republican., 1917-06-24

 the hill, while a two compartment shaft has been sunk 200 feet in the wash below. At the bottom, the ledge has widened to 200 feet and is of blue slaty schist, scanned with chalcopyrite It is believed that at water level the seams all come together, making a solid ore body. The shaft is to sink to water level and drift is being run under the hill, where it will gain a depth of about $50 feet.
 Installation of machinery is now in progress at the Cobrita Verde, pre- paratory to sinking to depth 75-foot shaft on a seam of hematite in a quartz ledge. Seven or eight quartz lodges and two. iron dikes come to- gether a few feet from this shaft, and carbonates and peacock copper can be found almost anywhere in these ledes. Some little ore was opened in sinking the shaft.
Arizona republican., 1917-06-24
Wheat: July, $2.14: Sept, $l.Sl. Corn: July, s1.55A; Sept, sl.47b. Oats: July, 63c; Sept, 53sc. Pork: July, s40.00; Sept, $4O07. Lard: July, s21.57; Sept, s2l.8O. Ribs: July. $21.80; Sept. $21.S7.
Federal Reserve Resources

WASHINGTON, June 23.-Total re- sources of federal reserve banks in creased s13S,642,000 in the week just ended. The reserve boards statement of condition of bank June 22, shows:
 Resources Gold reserves, $1,212,01S,000. Legal tender notes, silver, etc, s35,- 680,000.
 Total reserves, S1.247 ,698,000
 Bills discounted members, $f90,9S A. 900.
 Bills bought in open market, ,s244, 3O3,- 900.
 Total bills on hand, $435, ,2S7, 900. United States government long term securities. s36,427, 900.
 United States government short term securities, s7S,491,0 900.
 Total United States securities, $114,- 91S,000. B B Municipal warrants, s2,444,00 Total earnings, assets. $552. .649, ,000. Due from other federal reserve banks. net, s2.56l, 900.
 Uncollected items, $193,826,0 000 Total deductions from gross deposits, $198, 387, ,008. Five per cent redemption fund
Arizona republican., 1917-06-24
COPPER, ETC.

NEW YORK. June 23.-The copper market has been quiet during the past week, but no change has been re- ported in prices. In the absence of business the market was quoted nom- inal this morning at prices ranging from about SS3.00m34.00 for spot and nearby deliveries of electrolytic. and s29.50 G 32.O0 for later deliveries rang ing up to the end of the year. Iron was unchanged
Arizona republican., 1917-06-24
LIVESTOCK
At Chicago

CHICAGO. June 23.-Hogs. Receipts 10000; weak Toe to 15c below yester- days average Bulk, $15.OOm157O: light, $14.50@15.35; heavy, $147Om 1900; pigs, $1100@144O.
 Cattle receipts 1000 steady. Native beef cattle, sS.5O@13.SO: stockers and feeders, $6.90@10.0O; cows and heifers. $5.75@11.75; calves, sl1.O0@15.75.
 Sheep receipts 10000; weak. Weth- CTS. $9.10@12.00; lambs, s11O0@1675; springs, $14.5O@19.0O
Arizona republican., 1917-06-24
NEW YORK MONEY

NEW YORK, June 23.-Mercantile paper, 5M5A sterling 6O-day bills, s4.72; commercial 60-day bills on banks. $4.71A; commercial 60-day bills. s4.71A demand, s4.75; cables, s4.76 7-16: rubles, demand. "A; cables. 24A. Bar silver. 7s12c; Mexican dol lars, 61%c.
 Government bonds, strong; railroad bonds, irregular
Arizona republican., 1917-06-24
CHICAGO PRODUCE

CHICAGO, June 23.-Butter. higher creamery, S3c@37c.
 Eggs, unsettled: receipts, 19,007 cases. F'irsts. 2914c@30Ec; ordinary firsts, 271ac@2S1ac: at mark. cases included. 2612cM30kc
 Potatoes, lower; new receipts. go cars. Arkansas and Oklahoma, s315 G3.30: old, receipts, five cars; not quoted.
 Poultry alive. lower; fowls, 19c M19hc.
Arizona republican., 1917-06-24
At Kansas City

KANSAS CITY, June 25.-Hog re- ceipts 700; steady. Bulk, s14.So m 1875; heavy, s15.65@15.S5; packers and butchers, $15.25@15.S0; light. $14.75@15.35; pigs. $13.5O@145O. Cattle receipts 1900; steady. Prime fed steers, $12.50@13.5O; dressed beef. steers, s9.50@12.25; western steers, S9.O0@13.5O; cows. s6.50@11.0O; heif- CTS. $S.5O@13.00; stockers and feeders, $7.50@10.50.
 Sheep receipts. 2OOO; steady. Lambs, s16.00@16.10; yearlings, s11.OOm15.00: wethers. $9.O0@1L50 ewes, sS.75@ 12.00
 At Denver
 DENVER, June 23.-Cattle receipts, 300; unchanged.
 Hog receipts, none; unchanged
 Sheep receipts, none; unchanged.
Arizona republican., 1917-06-24

KANSAS CITY, June 23.-Butter creamery. 35c; firsts. S312c; seconds S2c; packing, BOG.
 Eggs, firsts, BOG: poultry, roosters, 13hc; hens, 171ac; broilers, 26c.
Arizona republican., 1917-06-24
NEW YORK COTTON

NEW YORK, June 23. Cotton futures closed steady: July, 26sSc: Oct, 26.65c; Dec, 26.77c; Jan, 26S1c; March, 27.00c.
 Spot cotton. steady; middling, 2715c
Arizona republican., 1917-06-24
CLEARING HOUSES. ETC.

NEW YORK, June 23.-The actual condition of clearing house banks and trust companies for the week shows that they hold s41 ,S27, ,230 reserve in ex- cess of legal requirements This is decrease of s12,223,520 from last week.
Arizona republican., 1917-06-24
EUGlN BUTTER
KANSAS CITY PRODUCE

ELGIN. H., June 23.-Butter, 8 asked. 36%c bid. No sales.
Arizona republican., 1917-06-24

| NEW YORK STOCK EXCHANGE 1 Furnished by R. Allyn Lewis, 1 private l9ased wire to all ex-
 changes
Arizona republican., 1917-06-24
MINING PRODUCTS BOUGHT

MINING PRODUCTS BOUGHT We are Shelters, Refiners and Buyers of Gold and Silver Bullion, Amalgam. Concentrates, Cyanide Product, Battery Chips, Old Copper Plates and Platinum.
 HIGHEST CASH RATES PAID
 WILDBERG BROS.
 ESTABLISHED TEN YEARS ll4 Pacific Bldg. 4th & Market Sts San Francisco
Arizona republican., 1917-06-24
cOPPERS

Compiled for The Republican by R. Allyn Lewis, E. F. Hutton & Co.'s leased wire. Hotel Adams building, 119 North Central Ave.
Arizona republican., 1917-06-24

fContinued on Page Tenl
Arizona republican., 1917-06-24

Calumet & Arizona in the Warren and Ajo districts. The drill is set up onthe 1640-foot level in the face of a drift 1275 feet south of the shaft. The first hole is horizontal and pointed east ward through schist that is shot full of iron sulphide.
Arizona republican., 1917-04-01
FINE CONCERT |S
 PLANNED SUNDAY
 FOR INDIAN SCHOOl

The regular monthly concert. If the Indian school band will be feat ed by two soloists of exceptional abili't Mrs aKtherine Va1enzuella Smith vii. sing The Palms." with band acconL 'li- ment, and F. H. Rodriguez will D,a.s d cornet solo, "A Perfect Day." by pc cial request.
 Mrs. Smith is a graduate of ne Phoenix Indian school and has studied in the east and is always very much appreciated. This is not her first ap- pearance with the band as she sang at the Indianf school commencement ex- ercises last spring MT Rodriguez is also a graduate of the Phoenix Indian school and also the local high school, and has just returned from the border where he has been playing with the First Arizona Regiment band. The number of special interest on the program is the suite in four parts from the Lost Continent" Atlantis, by Y. F. Safranek. Atlantis is a con- tinent mentioned in Plato's history and extended across the Atlantic ocean approximately from Europe to Yuacatan. It is the subject of eXhaus- tive volume by Ignatius Donnelly, and has also served as inspiration for sev- eldl nOVellStS. ms continent, IL IS believed was the home of great race which conquered and civilized the world The Azore Islanders are con- sidered to be the top of it's lofty moun- tains, and are all that remains above water of the great country.
 The program will be given at 4 :15 o'clock on the school campus and visit orS are welcome.
 Program
 A. r. Vinne, Bandmaster. The Whip, March ............ .HolZman Selection, Woodland ....... .Luders Vocal Solo, The Palms" .. .Faure
 Katherine Valenzuella Smith The Oprea Mirror .......... .Tobani Fantasia on Favorite opera themes
 including Carmen, Barber of Seville,
 Faust. Rigoletto, Il TrOvatore Lu-
 cia, GiocQnda, L'Eclair.
 Cornet Solo, "A Perfect Day" ......
Arizona republican., 1917-04-01
STUDENTS STUDYING AGRICULTURE WHILE
 IN SUNSHINE VALLEY

The Salt River valley ranches become more attractive every year, stand out in bolder relief against the surround ing desert and bear greater evidence of abundance, according to Prof R. H. Forbes, director of the agricultural eX- perimental station of the University of Arizona, who is HOW in the valley with Assistant Professor s. B. John- son with ten students.
 Professor Forbes said the party ex- pected to be in the valley in all about three days. The students are receiving first hand, valuable information as to horticultural and agricultural crops, the valley being at this time in splen- did condition for such observation. With the careful instruction being given them by the accompanying uni versity officials the students will gain doubly by the trip from Tucson, they say The trip from the university was made by automobile.
Arizona republican., 1917-04-01
PRETTY FORT COLLINS COLLEGE GIRL WILL
 WE'D EDWIN POMELL. JR., SIN IF PIONEER

No one has known that while she has been attending a smart finishing school for girls at Fort Collins, Miss Ruth Randy has also been taking Q correspondence course. The corr espOndence course has been in love and the first instruction Miss Randy received in the subject was in Phoenix before she went to Colorado. When Miss Randy left home she had already become greatly interested in the study under the direction of Edwin R. Pow ell, Jr., who urged her to continue her lessons by mail.
 The result is the announcement of the engagement of the charming young daughter of Mr. and Mrs Charles A. Randy of 514 North Ninth street to MT. Powell The date of the wedding has not been set.
 Miss Randy will remain at school until the middle of June She is enor- mously popular at college where her sweet personality and cleverness has won her scores of friends. She has the distinction of being the only fresh man connected with the Inter- Noun tain COllegian, the college paper edited by the seniors. She is an unusually attractive young girl and has been missed by the members of the local junior set with whom she was a favor ite. Her return in the summer to make her permanent home here will be hailed with delight.
 Mir. Powell is the son of Mir. and Mrs. Edwin R. Powell, pioneer resi- dents of this state. MT. Powells fath- er a veteran of the Indian wars came to Arizona nearly a half century ago and his son has passed practically his entire life here except for the few years he lived on the coast While in California, Mir Powell was associated in the business department of the Pas adena News and was later win the San Diego Tribune. He has beeh cir- culation manager of the Arizona Re
Arizona republican., 1917-04-01
.ADJUTAl|T GENERAL APPEALS IN HOPE THAT
 VOLUNTEERING WILL PREVENT DRAFTING

It will be necessary to raise over 1900 men in Arizona should war be declared April 2, when congress con- venes Yesterday Charles w. Harris, commanding the National Guard Of Arizona, in . statement to The Arizona Republican, said that he hoped the full quota could be raised by voluntary measures and that in consequence it would not be necessary to draft men into the service, a power given under the fedral act of last June
 The statement follows:
 With a possibility of a declaration f war by congress immediately fol-
 Ning convening on April ?, it will be .I-ci ssary to raise over 1900 men in theeFtate of Arizona to complete the orga A7ation of the First Infantry,
Arizona republican., 1917-04-01

which has been the organization des- ignated by the war department as the one that would be accepted from this state
 "l sincerely hope that we will imme- diately have enough voluntary enlist ments so that it will sio he necessary to draft in this state to lt nish our quota. I feel confident that tn ~eople of Arizona Hill respond to tho call voluntarily.
 Men will not be accepted who have persons dependent upon them for sup port and unless they can pass the physical examination required for the regular army. Should the call come, recruiting offices will open immedi- atelygnh Phoenix, Tucson, Douglas and
Arizona republican., 1917-04-01

Phaeton, 7-passenger. $500 Phaeton, 4-passenger-.. 1900 Cabriolet, 3-passenger..,.. 2125