davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1923-10-29
HAS ENGINE TROUBLE


 New Orleans, Oct 2S.-The United Fruit company steamer Norma, which cleared yesterday for Kingston, Ja- maica. developed engine trouble about 10 miles off the mouth of the Mississippi river and returned to port today under her own power. It it not known how long it would take to make the necessary repairs to en- able the ship to continue it's voyage. older railroad issues also are listed. Wire houses reported also a consid- erable improvement in buying orders from the west for railroad bonds, public utility liens and some of the industrial mortgages.
 Practically all of the St. Paul mortgages touched new low prices during the week, as did also some of the Missouri Pacific bonds. The only reason traders were able to as was speculative fear that freight rate reductions are impending which would make it difficult for the roads to meet fixed charges.
 Important new offerings were: S12.500,000, 33year, 5 per cent, first quette railway at 34 to yield $40 per cent; s11,500,0 20-year, per cent refunding bonds of the Southern California Edison company at S1s to yield 6.12 per cent; s15.O00.000. 2o- year, 1s per cent convertible deben- ture bonds of International Match corporation at 941a. to yield per cent; $10.000,000, 6 months, F per cent notes of the Federal Interme- diate Credit banks at par, and $10,O00,O0 30-year, 51s per cent, first lien and refunding bonds Of the Philadelphia Electric company at 9S15 to yield 5.60 per cent.
The Birmingham age-herald., 1923-10-29
Cotton Price Is Sent
 To New High Leuels

NEW ORLEANS, Oct. 2S.-The price of cotton last week was sent to new high levels for the season, new high records being made repeat edly up to Friday, when the Decem
 Der position traded at 30.52c a pound. At this stage the active months in the contract market were 112 to 132 points over the last sales of the pre- ceding week. On the close prices were 7S to 10S points net higher Cn the week, December closing at 30.23c. In the spot department prices gained 62 points on middling, which closed at 30.50c a pound against 23.25c on the close of this week last year.
 There were two important factors working for higher prices, the lower range on crop Ideas resulting from much unfavtrable weather in the belt, more particularly in the ex- treme western section and signs of improving trade in the large textile markets of the world. Markets on this side of the water were startled, soon after the middle of the week, by cables saying that one firm, doing large business in the Far East, had bought 100000 pieces of cloth in the Manchester market. At 1 the end of the week, New York tele- grams received here claimed that some Worth street firms had been doing the largest business in their history and that one firm put through transactions amounting to
The Birmingham age-herald., 1923-10-29

more than 100000 yards of goods no one day toward the end of the week.
 Private crop estimates of the week reflected a decided downward revis- ion in figures, earlier estimates ranging from 9,816,000 bales to 10.300,o0o, while On the closing ses- sion an estimate of 9,566.000 bales appeared and was seriously consid- cred by the trade. The question of the size of the crop will be brought into greater prominence this coming week by the condition and indicated crop figures due from the depart ment of agriculture. They will carry the crop down to October 25, and will be issued Friday. Thursday will be a holiday in this market. The end of the week seems likely to be almost wholly dominated by the bu- reau report.
The Birmingham age-herald., 1923-10-29
Wins Air Race

ST. JOSEPH, Mo-, Oct. 28.-(By As- sociated Press.)-E. L. Stoniger of Lincoln, Neb., flying a German Folk ker plane, won the 110-mile air race here today. His average speed was 117.4 miles an hour. Walter Beach of Wichita, Kan, with an average of t16.SS. was second; Pete Hill of Lin
 In, Neb., was third.
 ,nly few species of bears are able s climb trees.
The Birmingham age-herald., 1923-10-29
HUBBARD BROS. & co.

Members New York Cotton Exchange, New Orleans Cotton Exchange. New York Pro. duce Exchange, Associated Members Liv. erpooI Cotton Association. Orders solicited for the purchase and sale of Cotton and Cotton Seed oil for future delivery. Spe- ciaI attention and liberal terms given for cOnsignments of spot cotton for delivery.
The Birmingham age-herald., 1923-10-29
STEEL TRADE |S.
 M l RE CHEERFUL.
Wall Street Satisfied Over Activity Displayed By Spec
 uIatiVe Markets

reviewing reports received last week, indicated satisfaction over continued activity displayed while the chief speculative markets developed inde pendence in their movements. The reports showed that production had sence of cancellations was taken to indicate a lack of burdensome ste cks.
 Appreciably more cheerful was the tons apparent in the steel trade. New orders received during October ex- 10 per cent and production hardly declined. Both prices and deliveries held up better than had been eX- pected in the street.
 Maintenance of rate of railway carloading at well above the million mark was interpreted as showing that the heavy distribution of goods September railroad earning state m It's also suggested that the months operations were satisfactory. the net income realized by these roads comparing favorably with that for August and exceeding that in September of last year by generous margin.
 Strength in cotton was the feature of the speculative market. the spot commodity rising close tC' 32 cents and the futures all passing the 30- cent level.
 There was a general disposition to reduce the crop estimates on account of damaging rains ard frosts in the growing areas and because the gov ernments crop on ginnings as of Oc- tober Is showed nearly 00,000 less bales than that of one year before.
 Rather sharp fluctuations occurred among the foreign exchanges. News of the separatist movement in the Rhineland occasioned marked weak ness in the principal European rates, but good recoveries set in on the lack of success which attended the revolt and on the proposal fer an in- ternational examination of Ger many's ability to pay reparations.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
RICHMOND CROSSCUT
FROM MONITOR TUNNEL
REORGANlZED ON ASSESSABLE
BASIS-MAlN OFFICE
IN WALLACE.

The Richmond Mining. Milling &
Reduction company a Washington
corporation, has been reincorporated
under the laws of Idaho as the Rich
mond Consolidated Mining company,
with Wallace designated as the main
office. To get rid of its long and cum
brous name would have been sufficient
reason for the action taken, but there
were other and more pressing reasons
that caused the change. The manage
ment found it necessary to levy as
sessments in order to carry out its
extensive development program, but
stock in the original company was
non assessable. To overcome this it
was decided to incorporate a new
company making the stock assessable,
and at the same time reorganize un-
der the more liberal laws of Idaho and
thus escape the rather onerous provi-
sions of the Washington blue sky law.
o. w. Lewis, Of Wallace. has been
elected secretary of the new Rich
mond company $. j. Wilson, presi-
dent of the Richmond Consolidated
Mining company and B. ~ Sharp,
manager, of Spokane, were in the city
Monday to confer with Mr.. Lewis on
company affairs.
Crosscut From Montana Idaho.
Work is now going forward in the
crosscut from the long Montana Ida
no tunnel to the Richmond vein. This
has now been advanced upwards OF
200 feet and will be pushed energetic
ally to completion. 1t will cut the
Richmond vein at a depth of probably
1000 feet below the upper workings
and provide a direct outlet to the Mil
wauSee railroad at Delage, near Adair
It is estimated that the Richmond
vein will be reached in about 400
feet and is expected to result in ma
king accessible a large tonnage of
copper ore. The success that has at
tended the deep development of the
Idaho, formerly known rs
the Monitor, justifes the expectation
that the Richmond will be equally |
An assessment of one cent |
a share has been levied to carry out |
this important development plan.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
ON SLATE CREEK.
Wagon Road to Macedonia-Roya
Gets New Compressor.

Wagon Road to Macedonia-RoyaI
Gets New Compressor.
A NJ. Mundell, original locator of
the Macedonia group and president Of
the Macedonia Mining company, came
over from Slate creek the first of the
week He states that the property
was recently examined by an engineer
representing eastern capitalists and
that as a result he hopes to have the
funds available for extensive develop
ment work this summer. In the mean
time he is engaged in extending the
road on the west fork of Slate creek
up to the Macedonia. a distance of
about a third of a mile.
Mr. Mundell says the Royal Mining
company, which has accomplished
much development, is now putting in
a new compressor of larger capacity
and generally planning on enlarging
operations. A side track has been put
in by the Milwaukee at the mouth of
Slate creek to facilitate handling ma
terial and supplies for that section, as
well as to provide for ore shipments
which may be expected TO eventually
come from the surrounding district.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
PINE CREEK BRANCH.
Two Miles of Track Is Now in condi-
ton for Traffic.

Two Miles of Track Is Now in condi-
ton for Traffic.
The work of restoring the two miles
of track up Pine creek is now prac-
tically finished, which includes a spur
at the Helm ranch. Even this short
track will prove of considerable adj
vantage to Pine creek as it will not
only shorten the ore haul from var
ious properties and lumber from the
sawmill, on the west fork, but it also
cuts out the worst part of the road. 1t
was reported this week that Patrick
Burke had entered into some sort of
an agreement with the O.-W. r. & n.
company for the extension of the
branch to the forks of the creek.
distance of about two and a half
miles, but this could not be confirmed
at the Office of the company
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
NEWTON RETURNS.
Manager of the Callahan Glad to Get
Back From the East.

Manager of the Callahan Glad to Get
Back From the East.
c. w. Newton, general manager Of
the Callahan Zinc-Lead company. re-
turned last week from New York
where he attended the annual meet
ing of the directors of the company
He said there was no action at the
meeting of particular interest to the
public beyond that bearing upon the
extensive development plans previous
ly announced at both the Callahan
and Galena At both properties these
plans are being carried out energetic
ally. The price of zinc is disappoint-
ing. as is also the recent slump in the
price of lead, but Mr. Newton was
inclined to think the bottom had been
reached. Shipments of zinc by the
Callahan company in June made
record since the resumption last fall
sending out 200 tons of concentrates
that averaged 50 per cent zinc
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
Mill for Caribou.

Occur d'Alene Evening Press. June
20: 1.-THE Merchants Transfer com
pany of this city today are hauling
the balance of the machinery for the
Caribou Mining company from the
Hallidie Machinery company in Spo-
kane. The equipment consists of a
large gasoline engine, compressor,
drilling outfit crusher betting and
pipe etc. The Hallidie are now cast
ing the iron work for the furnaces of
the refinery and these will be ready
for shipment during the next week or
ten days. The excavation of the mill
site was completed last night at the
mine and concrete for the foundation
is being poured today"
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
SONORA.
Company Now CrOsscutting to Vein
From Lower Tunnel.

from Lower unnei.
Having discovered a vein of great
promise year or more ago, the Son
ora Mining & Milling company pro-
ceeded to drive a crosscut to prospect
the same at a depth of about rs feet
This work proved decidedly crafty
ing, the vein showing about IS inches
of quartz and galena. with occasional
streaks or lunches of high grade The
vein was followed west for about 40
feet, the ore showing continuing about
the same A drift was then run about
the same distance east. but the ore
showing was hardly as good as on the
west side. although the appearance of
fhe vein and all conditions were de-
eidedly favorable With this pros
pecting work accomplished. work was
last week transferred to a lower tun-
mel, from which a crosscut is now be-
ing extended to the vein. This is at a
lepth of about 800 feet below the first
tunnel and it is believed that the vein
should be reached within so feet, with
the outlook favorable for a CONNER
cial body of ore.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
GUELPH.
Company Resumes Development After
Lonq SUSPENSION.

According to statement 10y A. b.
Corby of Kellogg. secretary of the
Guelph Mining x Milling company.
development of the property has been
resumed. the work being financed
through an optional sale of treasury
stock. Work has been taken up in
drift from the bottom of the shaft and
Mr.. Corby expressed confidence that
it would soon result i'm disclosing "a
body of commercial ore The Guelph
company owns five patented claims
lying north of and adjoining the Her
cules and Ambergris, and is supposed
to have the extension of the Amber
girls vein The company is we'll equip
ped for development. having COM
pressor, hoist pump electric power
and good buildings for all purposes.
Besides extensive exploratory work by
tunnels. the company has shaft $50
feet deep, from which about 500 feet
of crosscuts and drifts have been run.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
Stampede in The Far North.

At midnight, in Dawson. City. Yukon
Territory. as the celebration of Empire
day was at its height, tidings were
brought to the dance halls and gam
bling places of the discovery Of a sill
yer ledge at Happy Creek. 40 miles
south of Yukon. Immediately the rush
began and soon the waterways lead
ing to Happy Creek were filled with
rowboats. canoes and launches carry
ing eager prospectors.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
Occur d,AIene Dividends.
Total ................s2, 66S,76 $7719S.7 O1
Outlook for Second Half.


There is nothing at this time to in
dictate that there will be any i'm
provement in the price of silver in the
immediate future, nor is it believed
that the price will go much if any be-
low the present level. The chief con-
Germ at this time is the price of lead
which during the past month has
dropped from 7.25c per pound to 6.65c
This decline in price came as a sur
prise, for the lead situation in the
United States. so far as production
and consumption are concerned, is so
well balanced that there was no APP
parent cause for a slump in the price.
The trouble seems to be in the Euro
pean market, where up to a few weeks
ago the price of lead plus the tariff
and transportation costs was more
than the American price, a situation
which of course effectually kept for
eign lead out of the American mar
ket. This situation seems to have
suddenly changed. The London price
of lead has weakened to an extent
which permits foreign lead to be de-
livered and sold in this market at a
figure below the recent quotations,
hence the successive cuts in the price
to forestall impOrtations. 1t is not
believed that the price of lead will be
forced much if any lower while an
improvement in conditions in Europe
would at once be reflected in higher
prices.
Situation at the Mines.
From the standpoint of the mines
the outlook for steady production could
hardly be better. According to the
report of the Bunker Hill for last year
as published in the Miner last week,
that company on January 1 had ore
in sight for nine years. and is now
opening up the new No. II level which
will add immensely to the ore reserves.
A new level is soon to be opened by
the Federal at the Morning by ex-
tending the shaft 200 feet deeper
which will doubtless show that great
ore body unimpaired, duplicating the
remarkable showing on the present
deepest level. Hecla is sinking from
the 1000 level to prove its wonderful
ore shoot at a further depth of 500
feet as well as other development
which will add to it's large ore re-
serves. At the Tamarack a new out
let is being provided for the mine
which will make available large ton
mage as well as greatly improving
production facilities. So while it is
true that the metal situation is not
all that could be desired. it is crafty
ing to know that the mines are in ex-
cellent condition for operation and
that there are no indications of cur
tailment of production.
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
AMY MATcHLESS.
Frame Work of New Mill Is Progress
ina Rapidly.

The Amy Matchless Mining COM
pany will soon have a mill of 100 tons
capacity ready for operation. Con-
struction of the building is well adj
vanced and machinery and all neces-
sary equipment will soon be on the
ground. The mill is being constructed
under the direction of Oscar Nord-
quist, well known millwright Recent
development work by the Amy Match
less company in a raise from the main
tunnel level has made a substantial
addition to the known ore reserves,
and it is understood that the mine is
in condition to maintain steady pro-
duction upon the completion of the
mill The mine is only a short dis
lance from the end of the Pine creek
branch
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
Affairs in Good Shape.


"Your company resumed operations
on June 1 under the direction of Stan
ley r. Moore. well known mining en-
gineer. So far the work has been con-
fined to the north vein west of the old
workings The work up to this time
has disclosed commercial ore showing
considerable lead content and no zinc
as was the case down in the shaft.
1T is the hope of your directors that
the ore in this part of the vein will be
rich enough to ship without milling
and in that way pay for future devel-
opment and also for the erection of a
mill to treat the large tonnage of mill
ing ore blocked out in our old work
ings. where it is estimated we have
more than 400, 900 tons in sight.
1T is with pleasure that we advise
you that your company is under new
management and out OF litigation,
which has been very costly and has
retarded development. The company
is out of debt and has a large block of
stock in it's treasury which will be Of
fered for sale at soon as conditions
warrant in order to finance our pres
ent program for development. The
stock has been listed on the New York
curb and Spokane stock exchanges so
the marketing of the stock at fair
price should not be difficult.
"Our expenses have been cut to
minimum and your directors are Civ
ing their time and ability to the man
aging of your company without any
compensation and are trying to in
crease the value of the property by
making it a producer thereby increas-
ing the value of their holdings as well
as yours"
The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1923-07-05
COMMANDER
AND FINANCIAL PLANS
ARE ASKED TO POOL STOCK OR
ASSESSMENTS MUST
BE LEVIED.

Stockholders of the American Com
mander Mining " Milling company
have been requested to pool their stock
in order to assist the management IN
marketing treasury stock. The mat
ter is presented to the stockholders by
Herman Marquardt. of this city. sec
rotary of the company. in a letter I'M
der date of June 80 in which the diff
ficulty Of financing the company
through the sale of treasury stock on
account of private stock being offer
ed is emphasized. and it is indicated
that unless stockholders comply with
the request it will be necessary to re-
sort to assessments to provide funds
for development. The letter from Mr..
Marquardt follows in part:
Ask Stockholders to Cooperate.
efforts have been made by your
directors for many months last past
to market the treasury stock of your
company at a fair price, but without
avail. There is such a large quantity
of stock now outstanding that as soon
as any effort is made to make a mar
ket for the treasury stock, certain of
the individual stockholders immedi-
ately throw their private stock upon
the market and render it impossible
for the company to make any head
way. If this could be avoided we con-
fdently believe the development of the
mine could be resumed !
sales of its treasury stock. If
can not soon be done it is |
going to be necessary to resume the !
ievying of assessments to carry on !
such program until it may become a
burden to many of the stockholders of
limited means The time will soon |
arrive when money must be raised |
either in this manner or through sales |
Of the company's own stock.
"The stockholders of this company |
are invited to cooperate with the man
agement by returning their stock to |
The company for a period of one and |
one half years, or up to and including |
January 1, 1925. If this is done the !
stock will remain with the company |
until that time expires, unless the di- !
rectol% in the meantime shall be con-
vinced that the financial condition of |
the company is such that the stock |
can be released and whenever this
stage is reached that action will be
taken.
a form is enclosed herewith for |
each stakeholder to execute and send |
IN with his certificate. In the form is
a clause providing that if the stock
holder so desires he can authorize the |
to sell his stock at a figure |
10 be fixed by him. and which form
also gives him the option of revoking |
hat authority
eff the stockholders will promptly /
with this request and send in
heir stock we believe that within
ew months the American Commander
will be in excellent financial
and its property developed
o a point where it will be recognized
IS a producing mine.
"Of course assessments levied after
he stock is deposited will not burden
he stockholders as their assessments
will be taken care of, but those who
10 not send in their stock must ex
ect, from time to time, to pay any
UGH assessments that the directors
nay find it necessary to levy"
The annual meeting of stockholders
lst Monday adjourned for thirty days.