davidaulloa/AmericanStories huggingface dataset:
, 1923-10-26
Money

NEW YORK. Oct 2s.-can mon.
ey firm; high &; low AZ; ruling
rate AZ; closing bid 8: offered Bk;
last loans AZ; call loans against &C
ceptances AZ. Time loans easy;
mixed collateral. 6o-9o days 8; 40
months 6A: primo commercial paper
5@5A.
, 1923-10-26

NEW YORK. Oct. 26.=The South.
ern Pacific railroad today announced
It lad insured It's 10000 employees in
n single policy for 800, 900. 900. This
was said to be one of tho largest
group insurance policies ever issued.
, 1923-10-26

tho drn began penetrating the low
err Frontier sand No estimate can
be made OF a production from this
well until tho sand has been drilled
through.
, 1923-10-26
ALLEGED FORGER BOUNO
OVER FOR COURT TRIAL

c. J. Snyder. charged with forg.
cry, by II. J. Woodruff waived pre-
liminary hearing before Henry +.
Brennan OF tho Justice court yes.
terday. and was bound over for
trial in the district court on a 81.
500 bond
, 1923-10-26
New Casser Uncorked by
Midwest i'm Baxter Basin

A new rus wen IS being brought in
at Baxter Basin this morning a con
siderable flow was encountered In
the Midwest well No. 20. section 10
at a depth OF 2.59s feet when
, 1923-10-26
blackstone Salt Creek.

Harrison No. 2. section lo-4o-ty'
..o1o. blue ahale, running lo'znen
tasing.
No I. section 1s-4o-7s. a'7si; sec
hi wan Creek sand. cleaning out
bid running liner.
, 1923-10-26

NEW YORK. oct. ga quarter.
" dividend of 81 on common stock
was declared today by tho Pacific
Lighting Corporation. Previous divi-
dends have been at the rate OF S14
annually.
, 1923-10-26
Fensland on Company.

Farrell No. 2. section 1s-se-7s'
.449; flowing ESQ barrels daily.
Bywnter No. 0, section 2o-sS-'s'
100; blue shale. drilling.
, 1923-10-26
Butter and Eggs

CHICAGO. Oct. as.-putter-Un-
changed
Egss-UnohAnged; receipts. 4.s5s
cases.
, 1923-10-26

DULUTH, MINI. Oct. 26-Cloae
flax October se4tH; November
s2.ft&; December $2.foH; May
Se,3sh.
, 1923-10-26
Livestock


CHICAGO. Oct. 2s.-U. s. De-
pertinent Of Agricuiture)-Hogs-
Receipts $4,000; desirable grades
steady; others weak to 100 lower
good bulk choice 23o to s25 pound
average 7.5o97.65; top ITO: major
ity desirable 10 to 225 pound aver
age 7.05@7.45; better grades 14o to
100 pound average mostly s6.75@
700; bulk packing sows ss.4o96.7oi
desirable weighty slaughter pigs
largely S5.75@6.25; heavy weight
S7.0O@7.70; medium weight S7.10@
7.65; light weight s6.o67.sO; light
light $6.25@7.1o; packing sows rough
S6.5O@6.7o; packing sows smooth
s6.25@6.5o; slaughter pigs $500
ESQ.
Cattle. receipts 5000; generally
steady; killing quality plain; fat
steers run mostly warmed up kinds
OF value 70 sell at $3.50 and below;
part load y~earlings s9.T5; Gamers
strong to loo higher; bulk $500
2.S5; grass fat cows and heifers slow:
feeder buyers taking light weight
thin fleshed cows and heifers at
S2.50Q3.50 mostly; n few weighty
bologna bulls and beefy larders up
ward TO $4.75 and above; most saus.
age bulls $4.25@4.50; western grass
bulls $500 downward; most veal
calves s9.b0@1o.00; stookers and
feeder steers $5.25@6.5o; plain light
stockers downward to $500 with IN
ferior offerings at $3.50 and below.
Sheep. receipts $4,000: active fat
lambs strong to 25c higher; feeding
lambs strong; sheep steady; good
fat western lambs s1s.25; fed clipped
lambs S12.75; mostly better grades
natives $13.00a13.25; culis largely
s9.5o91o.oo; bulk fat ewes $1,000
600; early top feeding lambs 1850.
, 1923-10-26
Market Gossip and Briefs
On Operations in Oil Fields

y VIII anu uhnEeIou5 AdcAf NAuoAhs
the motor to backfire and overhead.
MARINE OIL OPERATIONS
Salt Creek.
Section 5-39.7s-CR-1 wolverine is
being cleaned out at depth OF 2.744.
CR-2 wolverine is drilling at
depth OF zoos. Passed government
water test on October "a.
Section s.ss-7s-DS-2 wolverine
now at depth Of 1910.
Section s-s9-7s-ES-3 Wolverine.
rig is being built and casing moved
in getting ready to drill.
Section 20-39.7s-Taylor 2. Is be.
ing cleaned out.
Sheldon Dome
Sheldon No. ?, section $50. drill
ing at depth OF 1910. Ready to run
81 inch casing.
, 1923-10-26
Flour.

MINNEAPOLIS. MINI, oct. 20
Flour. unchanged. Bran, 2s.501
1900.
, 1923-10-26
Denver Priccs.

AA1l
DENVER, Colo. Oct. 2s.-U. g.
Department OF Agriculture.EHog
Receipts. 11oi steady; one load
averaging $50 pounds, $3.50; few
drives. s7.1b TO s7.25; light lights,
$3.50; few packing sows. 5000: stays,
$3.50 to $500; no other offerings
early.
cattle-Receipts. 400; slow; very
little doing early. few sales most
classes around steady; COWS. $3.50 to
s4.25; heifers. s4.25 to s4.75; Gamers
and cutters. $500 to $3.50; plain
stock steers. $500; feeder heifcrs.
held above $3.50.
sheep-Receipts. 1880; no fat
lambs offered early; sheep held
around steady: few 12o pound aged
wethers. 5000; two loads 90 pound
Colorado feeder lambs. $500,
steady.
, 1923-10-26
Silver

NEW YORK. oct 2s.-Bar silver.
s3A; Mexican dollars. 4ssi. -
, 1923-10-26

way OF cleaning or ag.tatng them
to make a showing.
"on August 20. 1923. there was
declared a distribution to stock
holders of 2 per cent on the par
value of outstanding stock of the
company and the total amount so
distributed was ~s13.6e7.1s.
1.-THE condensed report of the
treasurer is as follows:
Balance on hand per re-
port August is, 1913 14,776.6s
Gross receipts from the
, 1923-10-26

OMAHA. Neb.. oct. ss.-U. s.
Department of ACCOMMODATIONS
Receipts 5000; active. mostly
steady; bulk 200 to a2b-pound butch
ers e.s597.15; top 7.25; mixed loads
carrying packing sows and lights
e.7596.eo; packing Hows mostly
6.oo@o.75; average cost yesterday
6.S3; weight 277.
cattle-Receipts 1.1oo; active;
fed Hteers and yearlings and grass
she stock steady to strong; top year.
lings 1928; other sales medium and
good grades s.25@s.75; bulk grass
cows and heifers 3.25@5.0O; Gamers
and cutters 2-2593.oo; other classes
generally steady; veal top 1880.
Sheep-Reecipts $500; all classes
steady; choice western lambs 1900:
few clipped 1925; strong weight
ewes SEQ; feeding lambs scarce;
breeding ewes full mounted at $50:
feeding ewes largely 4.0o94.75.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
COMMISSIONERS ROAD POLICY ENDORSED BY MEETING
AJAX.
Manager Reports Progress on Big De-
velopment Enterprise

Manager Reports Progress on Big De-
velopment Enterprise.
A. c. Bixby manager of the Ajax
Mining company was in the city
Tuesday. The crosscut now being run
by the company which will cut the
Ajax vein at a depth of 400 feet from
the surface and 500 feet below the
lowest workings he reports going for
ward satisfactorily. Last month it
was advanced 266 feet, two shifts
working. Up to date the crosscut has
intersected three veins two of which
are strong and justify exploratory
work The face of the crosscut is now
about 400 feet from the Moonlight
vein, and the showing that will be
disclosed when that is reached is be-
ing awaited with unusual interest. The
Ajax vein is approximately 1900 feet
beyond the Moonlight, and all condi-
tons are favorable for finding a large
ore shoot when that is reached In
the upper workings considerable ore
has been developed, on the shaft level
there being continuous shoot OF
ore 100 feet in length The
total length of the crosscut will be
a mile and it ranks among
the most important development en-
terprises in the district.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
Engineers Report.
Jewell euleh Discovery.

Jasper Alamanno, of Osburn, who
made a discovery of lead-silver ore on
Jewell gulch that attracted much at
tention. is now prosecuting to the
vein. This crosscut is now reported
in 80 feet leaving about 100 feet to go.
The discovery showed a vein about s
feet wide with stringers of lead-sil-
yer ore throughout. some of them sew
eral inches in thickness. The cross
cut will not gain much depth. and in
by tunnel. Owing to the remarkable
showing exposed practically on the
surface, the further development is
attracting considerable attention.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
GALENA EAST DRIFT
z FEET MILLING ORE
DEVELOP ORE ON 200
Sink Shaft 4OO--Electric Hoist
Provide Accommodations
for so Men

. .S- at ron 'a. s '.1:"a''s .' '",'i
Chicago Boston, have been for
mulated and orders placed to
carry them out without delay, accord
| ing to information obtained yesterday
from c.. w Newton. manager of the
/ Callahan Zinc-Lead company, owner
of Galena. or even greater interest
and significance is the statement by
MIR Newton that a very gratifying
showing of ore has been encountered
in extending No tunnel east This
showing is about two feet wide and
averages per cent lead and AZ
ounces in silver, and appears to be the
beginning of an important ore shoot
The face of the drift showing this ore
is some 1900 feet from the portal and
has therefore attained great depth, as
it is passing beneath a high mountain.
Until recently work at the Galena has
been confined to the extension of this
tunnel but steps are now being taken
which viii greatly expand develop
ment operations and which will doubt
less result in placing the property on
a productive basis.
200 Shaft Level.
Work has now been taken up in the
200 foot level from the shaft, in which
there is a remarkably fine showing of
ore and from which shipments have
been made This level was closed
some time ago by cave some 10 feet
long This has now been cleaned up
and the drift is being extended east
in ore This with the ore developed
on the 400. and the shoot exposed i'm
No. upon which a raise has been
made 100 feet, represents quite a large
tonnage already proved and which it
is expected will be substantially in
creased upon carrying out the plans
now being inaugurated. These plans
include sinking the shaft, now down
400 feet. 400 feet further and opening
up the vein on the 500 and 500 levels.
The shaft will be three compartment
and later will be enlarged to that di-
mension to the surface. it having been
originally sunk as a two compartment
shaft
Electric Hoist and New Buildings.
In preparation for sinking arrange
ments are now being made for the in
stallation of an electric hoist of suf-
fcient capacity to meet development
far beyond the plans
here outlined. and other equipment
will also be installed with the view to
permanent operations.
The carrying out Of these plans viii
include provision for "a
much larger number Of employees, and
Mr.. Newton says that buildings will
be erected to provide accommodations
for not less than so men.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
INDEPENDENCE PLACER.
Company Expects to BE Productive
after Part OF Summer


Latter Part OF Summer
William Fable, president and man
ager of the Independence Placer com
pany states that he expects To be able
to go to the property about thc mid
die of June and that 10y that time fin
ances viii be available Tor completing
the bedrock flume and ditch to pro-
vide hydraulic power. when the COM
pany will be in shape to begin mining.
The company is being financed by NJ.
II. Mcneil, who states that his task is
now practically accomplished The
company has an abundance of water
for hydraulic and ideal dumping ia -
cilities. while the most conservative
estimate after exhaustive tests place
the pay at a figures which insuros
large profits. The ground of the com
pany is on Kelly creek, a tributary of
the North Fork of the Clearwater.
covering the mouth of Moose creek.
upon which was located the famous
old camp of Moose City. II is ex-
pected that the Independence com
pany will be in position to begin wash
ing gravel in August, and that the
cleanup after short run before the
season closes will result in practical
proof of the richness of the ground
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
Officers and Directors.
BIG HILL cRosscUT.
Soon Reach Big Vein With Rich Sur
face Showing.
Observation-Disclosures News)

(Wardner- kellogg NeWS)
Development work is again under
way at the property of of the Big Hill
& Silver Dale company on the west
fork of Big creek. The main crosscut
tunnel has been extended 1850 feet
and is now within so feet of cutting
the Big Hill vein, one of the main OBJ
jectives of the work, at a vertical
depth of 600 feet and is expected to
disclose a body of commercial lead
silver ore. The vein has a mammoth
iron Gaping, assays showing 70 ounces
in silver and some lead at the grass
roots. Ample water is now available
for power purposes and the work will
be pushed ahead as rapidly as posi-
bic. Directors of the corporation lev
led a 2-mil assessment on the stock
this week to finance the work now
under way.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
KINesBURY RETURNS.
Speed Up Independence and Start the
Work on American Commander.

Speed Up Independence and start the
Work on American Commander.
Fl. b. Kingsbury and Mrs. Kings
bury returned last week from New
York and other eastern cities after
an absence of two months. Mr.
Kingsbury's purpose in going east was
70 make financial arrangements for
the development of several properties
in which he is interested, among them
Tndependence Lead and American
Commander While he didaeot accom-
nlish all that he hoped, owing to tenn
porarily unfavorable conditions in the
east with respect to mining stocks
arrangements were made which will
result in speeding up work on inde-
pendence and proceeding with the de-
veIopment of American Commander,
as well as developing other properties
which he has undertaken to finance.
Progress in the raise from No. 4 tun-
mel of the independence has been slow
bat this he says will be changed by
ARRANGEMENTS now being made. The
raise is now up about 90 feet and the
companv regards its completion to
No. tunnel of first importance as a
preliminary step to more extensive
development. Mr. Kingsbury stated
that work will start in No. 1 tunnel
of the American Commander about
June 1.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
RAINBOW.
Road Repaired and Property in Shape
for Resumption.

Road Repaired and Property in Shape
for Resumption.
George Austin. manager of the
Rainbow Mining & Milling company
reports preliminary work about COM
pleted at the property on Shields
gulch. about three miles east of Wal
lace The wagon road from the main
highway, about quarters of
mile, has been placed in good condi-
ton and the tunnels on each side of
the gulch have been placed in shape
for resumption of underground work.
Investigations are now being made by
an engineer to determine the amount
of water in Shields gulch available
for power and it is believed that it
will be found sufficient to drive the
compressor which will soon be in
stalled. although it is probable that
connection will also be made with the
electric line of the Washington Water
Power company in order to be pre-
pared for emergency. Consideration
is being given to the proposal to move
the compressor from the company's
property on the Little North Fork.
The Rainbow tunnel on the west side
of Shields gulch, which is 1900 feet in
length. shows considerable gray cop
per ore and Mr. Austin hopes to ar
range to lease it, On the east side
the Rainbow joins the Argentine,
which is now shipping high grade sill
yer ore. and the chances are favor
able for finding similar ore by extend
ing the tunnel on the east side of the
gulch
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
PIONEER LEAD MINES
CROSSCUT FOUR VEINS
FINANCED AND WILL ADD NEW
EQUIPMENT-FAVORABLY
LOCATED.

At a special meeting of the stock
holders of the Pioneer Mining COM
pany last Monday evening a resolution
was adopted changing the name Of the
corporation to the Pioneer Lead Mines
Limited and also increasing the par
value of the stock from 25 cents per
share to ST. The number of shares
was unchanged, 100000, and stock
holders in the old company will re-
ceive the same number in the new.
These changes were made in pursu-
ance of plan for financing the com
pany and which have now been prac-
tically consummated. Development of
the property has been going on for
some time in a limited way under the
direction of o. II. Linn, and operations
will soon be speeded up through the
installation of compressor and other
equipment. The company owns
large group of claims on Beaver
creek near Carbonite within easy ac-
cess to the railroad. The group joins
the property of the Callahan and Ray
Jefferson company and extends over
the divide of the west side of Bea-
yer.
Has Four Parallel Veins
Four well defined parallel veins pass
through the group of claims owned
by the Pioneer company, any one of
which has a showing that justfies de-
velopment but it is the fourth vein
especially which is the objective of
the present work, and in reaching that
the other three veins will be intersect-
ed. A crosscut has been advanced
several hundred feet and it is estim
ated that the main vein will be reach
ed in about 1900 feet and at depth
OF 700 feet. The outlook. based upon
surface showing, is regarded very
favorable for ore when the main vein
is reached, with a strong possibility
of finding ore in the other veins also.
The Pioneer ground evidently covers
the western extension of the great
mineral zone extending from Canyon
creek across the head of Nine Mile
into Beaver creek. The ground has
been surveyed for patent
Officers and Directors.
Following are the officers and di-
rectors of the Pioneer Lead company
DR.. L. E. Hanson. president; Sam H
Linn, vice president; Herman Mar
quardt. secretary treasurer; o. II.
Linn, all of Wallace; Mike Murray, Of
Mullan.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
Bullion.

The special meeting of stockholders
of the Bullion Mining company last
Saturday adjourned until June ..
The meeting was called for the pur-
pose of taking action on the PROPOSE
ton to increase the capital stock
which requires that two-thirds Of the
stock shall be represent
ed The amount represented was
little short, hence the adjournment.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
NINE MILE MINING co.
AND ITS FINE OUTLOOK
EARLY RESUMPTION ANNoUNC-
ED-ENGINEER'S FAVOR
ABLE REPORT

Since taking over the Log Cabin
group Of claims "a few months ago, the
Nine Mile Mining company has COM
pleted arrangements for financing the
development OF the consolidated prop
erty, which now consists of - claims
extending from the Success westerly
across the west fork of Nine Mile De-
velopment of the original Nine Mile
property has resulted in showing mp
considerable lead-silver ore while on
the Log Cabin group stringers of ga
lena in a strong and promising vein
have been exposed on the west side
of the creek. The property is about
three and half miles from Wallace
and is ideally located for development
Of the company in a recent statement
Sam II. Linn, manager of the Nine
Mile company, said:
Soon Begin Work.
1.-THE company is being financed and
preparations are being made to re-
sumo work in the near future. Tim
Der and water are abundant and the
Northern Pacific railway and the
Washington Water Power cOmpany's
lines pass over the property Two
veins come out of the Success ground
and cross our property for 5000 feet
1t has not been lack of appreciation
or a knowledge of conditions that re-
tarded the development of these
groups, but the poor financial condi-
ton of the companies owning them
The consolidation has provided an
impressive area. ore has been open
ed at several places along the vein.
between points 1000 feet apart. one
of these is on the Nell claim, from
which gold was mined by Colonel w
r. Wallace founder of the town o.
Wallace Another is on the Topeka,
where mill ore lies in body 20 feet
wide On the Hummingbird the ore
is from four to eight inches wide, anC
on the Cabin claim stringers of lead
have been disclosed. We therefore
consider the possibilities. good for the
development of an important ore
body at depth.
Engineers Report.
'E. G. Gnaedinger, mining engineer
of Wallace, recently made thorough
examination of the property and pre-
pared a comprehensive report in
which he says: The Nine Mile prop
erty is a good prospect which l can
recommend for further development
It is just at its most interesting stage
where a little work can possibly de-
velop a paying mine "
Otto A. OLSON, of Wallace, is pres
ident of the Nine Mile company and
Therrett Towles is secretary treas
urer.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10

Continued on Page 8,
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
Stockholders

WILL FIND MINING NEWS
AND COMPANY NOTICES
OF INTEREST TO THEM
IN THE WALLACE MINER
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
Metal Quotations

Lead, 7.25@7.50c.
Silver, 9914e.
Zinc, 7c.
Copper, 1880 16Iae.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10

NLANS FOR expanding opera
- tions at the Galena Formerly
Cmcagc-Boston) have been for
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10

Existing coal mines in the United
states can produce from 700 million to
900 million tons year.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
Pittman Protests.

In a letter to the secretary of the
treasury under date of April o. pro-
testing against his ruling Senator
Pittman said:
1T will be observed that the opin-
ion of the comptroller general holds
that it is within the discretion of the
treasury department as to whether or
not it will cancel such ALLEGATIONS.
Under the opinion therefore the treas
ury department has authority to coin
such silver so allocated into subsidi
ary coin or to hold it for that purpose.
Irrespective of the legal question
involved, it must be obvious to the
treasury department that it has vio-
lated the spirit of the law and has
thereby deceived the producers of sill
yer in the United States to their ir-
reparable damage.
Not until subsequent TO March 80
of this year was any notice given to
the producers of silver that such allO-
cations were going to be revoked and
that the purchase of American silver
under the Pittman act would be re-
uuceu TO SUCH eAbSht. III thS SOiA
trary the reports heretofore given
out by the treasury department in
cluded such ALLEGATIONS in the amount
of silver to be purchased under the
Pittman act.
81 respectfully submit that without
regard to the legal question, it is the
moral duty of the treasury department
Tos.
der the act and to add such amount
TO the purchases to be made under
the Pittman act"
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-05-10
SILVER MEN PROTEST
SECRETARYS RULING
AN ACT OF BAD FAITH
Pittman Points Out Moral
Obligation of Department. to
Revoke the Order
AN ACT OF BAD FAITH

n liver producers are making a
determined effort to induce the
secretary of the treasury to re-
verse his ruling regarding the
ALLEGATION of silver for subsidiary
coinage, under which the amount of
silver to be purchased under the
terms of the Pittman act at 81 per
ounce was reduced to the extent of
1891 4SS ounces. Under the terms of
the law, the ALLEGATION of this silver
for coinage operated the same as a
sale and therefore represented an
equal amount to be purchased by the
government from domestic producers
at 81 per ounce. Under the ruling of
the comptroller general for the treas
ed the ALLEGATION order and thereby
reduced the amount of silver to be
purchased to the extent of the silver
held for subsidiary coinage. In do
ing so it is contended by the silver
men that the secretary acted in bad
faith, since the silver producers had
been led to believe through figures is
Sueu from time 10 Tune Dy the ulteCt-
or of the mint that the amount to be
purchased included the silver with
drawn for subsidiary coinage. The
Importance of the ruling to the silver
miners is indicated that while the di-
rector of the mint has estimated that
purchases of silver under the Pittman
act will be completed about July 1, if
the secretary can be induced to re-
woke his ruling the purchases of sill
yer at 81 per ounce will continue for
three months or more beyond that
date, a matter that means a saving of
upwards of 100000 to silver produc- |
ers