Newspaper Page Text
Hv '.H J. THE SALT LAKE TRIBUNE, SUNDAY MORNING, MARCH 9, 1913. KJH k WORLD HEAVY Eities Under Constant Isure on the New York I Stock Exchange. I In pacific drops I Decline in the Tobacco fsues; Standard Oil Breaks 25 Points. i V YORK, March S. Securities wore (constant pressure during the two 'of trading today. The heaviness foreign markets was reflected here u-p docllnos nmong both in'cst knd speculative stocks. The vir Jlure of the Prussian government s (ffering yesterday depressed Euro markets and. sentimentally, was an ,ca here. Bunkers hold that tho hy would ho toward tho malntc- of high rates abroad, with the lit of further calls on this center. recent Indications that the draft 4a new plan for dissolution of the San popcrties might be necessary fclven rise to conjecture Avhether Pacific would fare as well as un e plan lirst adopted. That stock rider heavy pressure and broke to ts lowest price since 1O0S. e were more rumors in clrcula Bgarding the prospects for action e new attorney general against corporations, particularly tobacco I companies. In spile of the fact here appeared to be no foundation a niniors, the stocks continued eccnt rapid decline. .Losses among tfmcco stocks ran from 5 to 13 ', Standard Oil of New Jersey 3 points more- bank statement revealed the ex f cash loss of over $1,000,000, but. wus a scaling down of loans of ,000 and the slender margin of ex eserves reported last week was increased. ts maintained their declining ten b Total sales, par value. 5l.37S.000 States bonds unclianged on the f Closing Stock List. L lS1cs.llHchfLoT7. 1 Ct. Copper 23,300 r,a?; csi co grl COO 53 53 ."2 feet Sugar 1,600 S Cl SP-j a"u 3.CO0 32 31 31)1 1 700 121'i 121 tr &. Foundry 20) r.l 50?i SO Sttol Oil 700 47 ia U :e See 300 2ii 21& 2HJ IiuecJ . si ocu BO1) 3Gi 33i 35 rnell Ret 2.SP0 60 fiS (IS I 200 103'J 103r 103 ugjr Hot . 1131 Bl Si Tel f.0) 133 132i 132- ob 3,100 23S 232i 23S " a1 Mln CO 1.200 35 35?; 35-i i' 3.S00 10t! 100H 100-i I 100 100 100 105 Coit Line 133i Ohio 700 100 lOOVl 100J ecl 1031 3ns; scA 3'M UpUl Tfarwtt 2001 ZVt S3K i Fls'Ic 7.1l0l22cn 22T,li 223-ii tli!lir 2001 27 27 it-i f Ohio . 1.50DI 72 71 H 71-TJ C'Ciil Vcl 4001 1V U' 1 tts. 6 St TVail J.SO'jIlOO 1070: 10511 W 1001133 133?; 13314 irl A Iron "Oil 33 32?J 32U " 100H3014 129?; 130 rodutls 9301 11 10H 1014 JHmlson I IfiOli C 13 " I - 200 3t 31 3.1 If lonj 17 17 YK 1 i.dooI 27?i 2r,t; 26; j.PM 300 l I 1m jB.ElMlric 7001135 ikk" 137'i iHkortticni oM 1.60ftli:?; 125 12'1H for Ore Ctfs 1,0001 35V; 35 3Vi BCcnlial ... 2'0'123 123 123 Wp,cl - '.3001 171i lCVi 1C -m& i, sod l r,!v; r.ti csii Parvcdor 4001107 IK 101 f arlno pfd I j J7 Jppcr , loot ii;l 1114 hi.; ,ump iooI 10 I 10 J?; 'utliuru iooI 2i-H 2 JUi?,1, .... 1001 00 !9' I 0A 5B-ycHcy fi.l00ll54;il53mi5.T?; TBili"11 1. 1001133 il321ill32 flP ft S St M IOlll33'ill34'.ill3l fcSiTBSa" - m z: 2:,-M -' K""' 1 3C'4J,37 .Koicx- si Vm" .'!.".".i.'i!v."L!.'!.'l 231 (MimtMi ... ,. i 4ooiif5?ilio..;tin-,!; I Wwl ' 1Ml 3,i, 30'' 20 'Mi,'ern 1 3.200llO3Hll01;illOin American T3 0JMiJjcl"c j CCOOOlllSKjlHKlll." 'feCls 1 o KpC ft SI Loi: 1 'rS(nl Car I KOOl "7 I 27 2?'. u Talaco Car ....... 10nMffllijl59i4 ir.RH 'Wf. I 73.M0I15H ll53Ti 154t itB-ycn & Steel I 2; j 24 9Mi ; 2001 S5 ?3 (Mfllnnd co ....! 300l 211 2K'. 21M Tm.,r 'A -'Wl 30;l MVi 3Cii UmSi S F 2d ufd I I... I... . 244 imfi Air I.lno . I I I j?; Kef u Iro" I ! 4 n, J'clHe ...,...... .;fi0l p?;l 00 I svr; I 100I :r,j;l 2.-,s; 25,. ,a I cnnl sf)Vs SO 7f; , I wi ncui 3; I 30 l.?.r,fle 1 is.l is I 17 ri acirio 39.oioiir-oT4lno;lir.o lOM ssvs' 31 I SMl I r,p I c.nii "M,,0r I 3-OMl fiOUl 53?il 50W rfBl I r.o.jcjl 10141 r.otfl sm 5 J I.IWllM li Hoi I l.oMt 53 I r.2 I r,2i; Ollnn Chem 0Pl 31 I 33l 2ZK r:;:-:'.:.::;:::!::;;-! -V'J I rool'43' I 42Ul 4214 's-VJl'"" I 300! r.?i;l c?y I 07 g fc lVe Brio ... 1 1 S14 fwlM for tlit day, 301.000 Micrcn. I Hew York Eouds. f 2 c ..mo'.; i. s rt...n 1931 .... ?o: I coup ionv, 1,011 h Nasi, un 4a. sr, r. Te, 102i; Mo K (.-. Tft lit 4.1.. S21. 'M'i 'lo nen 41Jr. R4 n Il.H'. Mo Pacific 4n 70 C01JP 1T4 do fOin- Ss 8G g I lt Eb..., ffiUN V CT .en 3Ws .... K ? f lnov- do .k'b In ,9 b r ct k... 103V, Kor Piiclflc 4a .... 571', 12154 fl" ' C5V L 'a" 04i S Ij rfde 4s SOU fn wn 4 .... sc; ltcsuinc Bn 4 ... 0C s- oiilo 43 ., n-.;5t iou & s f fn 4.7o; 4H..1M1 So P.clflo col 4s ... 03 rVi A" n SPRnim rftf u . Mi; ftt refG. . si.;Un Pacific 4n 01?; j j,, xtt 4s M,; do cv 4 PiJf,, "74 do lit rof 4o .... 0211 4 .... 73'iU B H 2d G f. wir:;::: " Wab cst -- "' I Pr Oro and Bullion. i ffvT..r.',u,?ltIons for Saturday. I Riu,fCoi!.mck & Co- were as fol h S"vcr, 5S3c. lead, S1.35; copper. MgTOCKS, BONDS, aflNSPROVISIONS, les JL Pollock & Co, lpANlCERs AND BROKERS, 3uth Main Street (I-Icrald BIdg.), Wmt 8< Iike City. rWrfwlvatcwlrfitI t0 Q'l Markets. Kston - 10 nelay t0 New Yorlc SeJi' Members all Exchanges, aMkV Vd 0,1 liberal Margins. Spo RpS. Mounluln States Tolephono & 'BP-;' METAL MARKET IS DULL IDUII!. No .Change in the Prices Asked for Either Copper or Lead. .Iwr.t,.:..:..I..;..T.WH-HI--H"l"I"I-I"Il,H f. Copper (Electro.) $15rtzlS.12 Ivead, New York .......unchanged Bar silver ..5S3c4 fr Silver in Iondon 27d ! NEW TORK, JLirch S. The metal market was dull and nominally un changed. Lake copper, $15.25&j15.372; electrolytic, 515S)15.1j; caatlngs, 514.75 14.S7. Iron was unchanged. Bank Statement. NEW YORK, March 8. The state ment of the actual condition of clear ing hous banks and trust companies for tho week shows that they hold 53.374,250 reserve In excess of legal requirements. Tills Is an Increase of JG84.000 from last week. Actual condition: Loans $1,155,346,000 Decrease 28,510,000 Specie 326,090,000 Decreaso 4,062,000 Legal tenders S2.526.000 Increase ; ' 2J5,000 Net deposits 1,800,235,000 Decrease 23,546,000 Circulation 46,332,000 Decrease 116,000 Banks' cash reserve !n vault 340,380,000 Trust companies' cash re serve In vault 68,242,000 Aggregate cash reserve 408.622,000 Excess lawful reserve 3,374,250 Increase 684,000 Trust companies' reservo with clearing houso mem bers carrying 25 per cent cash, reserve , 53,236,000 Summary of state banks and trust companies in Greater New York not In cluded In clearing house statement; Loans 5 579,315,300 Increase 0,186,000 Specie 65,786.900 Increase 356,100 Legal tenders 7,761,700 Decrease 17,800 Total deposits 632.&14.800 Decrease 526,100 The Financier says today. The exact position of the New York clearing house banks at the close of the week ending March 8 could -be deter mined to belter advantage if definite knowledge existed as to how much of tho SC. 000,000 of current gold Imports count ed In the weekly return. The report pf the banks, based on actual condition, shows that the decrease In specie and legals during the week was $4,367,000. The preliminary rcturnn Indicated a drift of Interior funds to this center, bo that the loss of (gold on export account prob ably figures to some extent In the sto.te mcnt. , The banks succeeded in offsetting the loss of cash, so far as reserve require ments aro concerned, by a drastic re duction of J23,ni0,000 In loans, which in turn brought about a shrinkage of 523, 546.000 In deposits, thus decreasing re serve requirements to nn amount approx imately equal to the loss In cash. A continued gold export movement will, of course, act directly on the New York bank position and on money rates. LIVESTOCK QUOTATIONS. . Chicago. CHICAGO. March S. Hogs Receipts, 12,00p; market slow; bulk, 53.70S.85; light, $6.8oC95: mixed, $8.50(98.80; heavy. $S,35ft'S.S5; rough, $8.35(3)8.50; pigs, $6.SntffiS.70. Cattle Receipts. 200: market, steadv; beeves. S7.25S7l0.30; western steers, 5.G0g S.00; Tcx:is steers. ?5.506.50; Blockers and feeders, SG.2oS.25; cows and heifers. S3.60(S.00; calves, $7.0011.(K). Sheep Receipts. 1000; market, easier; native, $0. 757)7.00: western, $6.007.1n; yearlings, ?7.00S.30; lambs, native, " ?7;75 9.00; western, 57.8OD.0O. Kansas City. KANSAS CITY. March 8. Cattle Re ceipts, 100; no southerns; market, steady; native steers, $7.509.00; southern steers, 5G.7nSS,2o; southern cows and heifers, 54.257.25; native cows and heifers, $4.25 (H'S.UQ; stockers and feeders, 56.75(0)8.50. bulls, ?r.25'5)7.00: calves, 56.50(0)10.00; western steers, S7.00(J7;S.75; western cows, $4.50517.25. , Hogs Rocelpts. 1500; market, steady: bulk. $S.5n(g.G5; heavy. $S.508.60; packers and butchers. 58.55S,70; light, $S.G0iTiS.70; pigs, $7.2o7.75. Sheep Receipts, none; market, strong; mediums. $5,001(7)6.75: Colorado lambs. $S.006I'S.5S: range wethers and vearlings, $S.757.75; range ewes, $4.25(0)6.35. Omaha, SOUTH OMAHA. Neb.. March S. Cattle Receipts. 100; market strong; na tive steers. $7.50fD9.00; cows and heif ers. ?5. -50(5)7. UO; western steers, ?6.25f7) S.25; Texas steers. S5.75'5)7.75; cow's and heifers. $5.00 7. 25; calves, $0.25 9.25. Hogs Receipt!?. 8200; market strong; heavy, $8 35(y)S.50: light, $8,45rS)8.55; pigs. ?7.00(SS.00: bulk of sales, $8.45 S.55. Sheep Receipts, 800; steady; year lings, 57.007.75; wethers, ?C.00C.65; lambs, $8.259.00. Cotton Market. NliiW YORK, March 8. Cottoii closed barely steady at a net loss from. 4 to 7 points. NDW ORLEANS. March ' 8. Cotton, spot, unchanged; middling, 121c Sales, 418 bales. New York Money. NEW YORK, March S. Money on call nominal; no loans. Timu loans -strong; Hlxty and ninety days and six months. 5 per cent. Prime mercantile paper, 45J per cent; sterling exchange steady, with ac tual business in bankers' bills at $4.83.65 for nlxty-day bills and at $1.87.95 for demand. Commercial bills. $4.S22. Bar silver, 5S3c. Mexican dollars. 4Sc; government bonds steady; railroad bonds weak. Chicago Produce. CHICAGO, March 8. Butter, ateady; creamery, 2S30c. 13ggs. weak; receipts, IO.bOd cases; at mark, cases Included, lG5g17ic; ordinary firsts. 1617c; firsts, 17Jc. Potatoes, steady; receipts, 47 cars; Michigan, 44f(I)4Cc; Minnesota, 43ig45c; Wisconsin, 4046c. Poultrv, steady: turkeys, dressed, 21c; chickens, alive, 10c; springs, alive, 17c. Now York Produce. NRW YOR.lv, March S. Flour, weak. Wheat Spot, steady; No. 2 red, $1,09 ijhjvator and 51.11 f.o.b. afloat nominal; No. 1 northern Duluth. 99Sc f.o.b. afloat Futures easy under liquidation for over the government report and on evidences of pressure of spring wheat offerings from the northwest, closing 4c not lower. May, 97 9-lOfp !7Xc, closed 97-Jc; July .closed 97c; September cloed 9Cc. Bond led wheat: May and July, 9C2c. i I lid os, steady. Hoph. quiet. Petroleum, steady, "Wool, steady. Raw sugar, steady; muscovado, .89 test, 3.01c; centrifugal, .96 test, 3,fr4c; mo lasses, .89 test, 2.73c. Retlned, ateudy. London Wool Sales. LONDON. March 8. Thoro were 11,189 bales offered at tho wool auction sales today. Demand was strong, especially for the home tr.ido. and prices were firm. Best greasy moilnoB realized Is 12d and Is 4d. Americana took a few lots of Punta Arenas ut 5 per cent advance. BEARS IN CONTROL ' OFMMAIEI CHICAGO, March 8. Wheat specula tors gavo evidence today of considerable bearLsh focllng, based on a theory that vary largo farm reserves would bo shown In the official report due Monday. Clos ing prices were unsettled, 885c to Be un der last night. Corn finished ig3c to Jc down, and oata off Jc to i$c. In pro visions tho outcome was a 5c to 20c de cline. Besides the idea of liberal supplies on the farms, tho bulls had to contend with big receipts at Minneapolis and Duluth and with notice that country points southwest were preparing to make In creased shipments in consequence of the ldcaj outlook for crops. Absence of for eign demand tended further to pull down wheat, The situation In this respect waa made more emphatic by statement that much of tho recent export business had been merely the filling out of old con tracts. Primary arrivals of wheat were 769, 000 bushels against 417,000 bushels a yar ago; seaboard, clearances of wheat and corn equaled 249,000 bushels. There was no snap to tho buying sldo of com. Weather reports suggested llghtor feeding and better conditions for liaullng. Purchasers also had misgivings In regard to the government report. Talk of enlarged acreaga hod a. weakening ef fect on oats. Chances of a.n Increased run of hogs next woek cut some figure In lowering the provision market. Most of the sell ing, however, came from longs Intent on realizlnfir profits. IIANOD or THE M5ADINO rUTURBS, Wb . Opa. Hlih. Low. Cli. MT fll OIK 81 91tf July 90 90H 89K 83 Sept 89V6 SJ'.l 8SS 8SJ orn Mar C2-I4 R2T6 G2H 621i July E3T4 G3T4 CSH 53?i Sept C1T4 GTi C1H Gl?; 0t May 3414 3 84 314 July 3iK 34 3(i 3K Sopt 3y 34U 3ihi 34V4 CASH QUOTATIONS. Wlieat No. 2 red, JL021.06; No. 3 red. 95cfl 1.00; No. 2 hart. MDlo: No. 3 fiard, SDftOlc; No. 1 northern, SOSBlc; No. 2 northern, SSftSOc; No. 2 northern, 87388c: No. 2 spring. 8SnSflc; No. 3 spring, 82'S7c: No. 4 sprlnc, "GffSlc; vcl Tet chaff. S590Mc; dunira, EGflSlc Corn No. 2 white. Slc; No. 3 red. B4?GlHic: No, 3 white. tOoOc: No. 3 yellow, 18vi'350?ic: No. 4, 47g4Dc; No. 4 whlto, iVjSA9e', No. 4 yellow, 475J18io. O&tn No. 2 whlto. 8Stf35c; No. 3 white, 33&S3Xc; No, 4 white, 825? S3c; sUtnlard. 31 Rye No. S. 812c. Birlny I81P70O. Timothy $2.503.35. Clover 12.00fflS.M. Pork 120.65. Lard 10.72. Ribs J10.2Effll.00. Evaporated Fruits. NEW YORK, March 8. Evaporated apples quiet; prunes steady; apricots flrm: peaches quiet; raisins dull and easy. Condition of Treasury. WASHINGTON, March 8. The condi tion of the United States treasury at the beginning of business today was: Working balance fSO.S&l.SOS In banltB and Philippine treas ury 43,402,817 Total of general fund 149,074,070 Receipts yesterday 1,187,216 Disbursements 2,055,211 Tho surplus this fiscal year Is $9,829, G42, as against a deficit of 518,420,374 last year. The figures for receipts, disbursements, otc, exclude Panama canal and public debt transactions. Flax, Oats and Itye. MINNEAPOLIS, March 8. No. 3 yel low com, 46Jc. No. 3 white oats, 30i81c. No. 2 rye, 53R56o. Bran, $17.501S. Flour First patents, $4.20(34.55; sec ond patentB, $4.054.40; first clears, 53 3.30; second clears. 52.202.50. Flax. $1.2431.251, Barley, 4256c. Coffee Futures Steady. NEW YORK, March 8. Coffee futureB opened barely steady at a decline of 3 to 6 points in response to lower Euro pean cable's and tho market sold off still further before the closo under renewed liquidation and pressure from Wall street sourcs. The closo was steady and from 14 to 18 points net lower. Sales, 38,500. March. 11.80c; April, 11.92c; Mav, 12.04c; June, 12.07c; July, 12.10c; August. 12.17c; September, 12.25c; October. 12.1Sc; No vember, 12.1 4c; December, January and February. 12.10c. Spot, dull; Rio No. 7. 12(3)121c; Santos No. 4, 14-ic. Mild, dull: Cordova, 1617c nominal. St. Louis Wool. ST. LOUIS. March 8. Wool.steady. (Medium grades, combing and olothlng, 234.2Gc; light fine, lSSlc; heavy fine, 1318c; tub washed. 273Gc New York Mining StockB. James A. Pollock & Co., bankers and brokers, furnish the following, received over their private wire yesterday after noon: NEW YORK LISTED STOCKS. I Salcs.l H. I L. IClse Chino 2.C00 393 39i 391 Goldfteld Con 500 21 23 L'X Nevada Con 1.700 17S 17 17 Ray Con 1.500 168 IS 18 Tennessee Copper .. 400 3GJ 3G 36 Miami Coppor 23 233 23 Utah Copper 2,100 D3 F.2 521 Inspiration 100 lfil IBs 1GJ Studebaker Con 31 28 31 Ontario Silver 3 2j 3 NEW YORK CURB RANGE. j I So les. 1 T-I. I L. IClse First National Cop '1 2. 2 Giroux Con 1,000 31 31 3J Yukon Gold 3ft 3 3 Ohio Copper I 2 3 New Koystono 13 1! lj South Utah H i i Mason Valley S 75 8 Bradcn Copper 800 S3 H So Ely Con 17c lie 17c Belmont 71 7 7 Tonopah 53 53 53 Alaska 800 13j 12 121 NEW YORK CURB CLOSE. I Bid. lAxltcd. Ely Consolidated $ .14 $ .17 First National Copper .. 2.00 2.25 Glroirx Consolidated 3.00 3.125 Yukon Gold 3.00 3.121 New Keystone 1.02J 1,75 Nlplsslng S.75 9.00 Ohio Coppr 75 .S71 Ray Central 2.375 La Rose 2.75 3.00 South Utah 25 ,371 British Columbia Copper. 3.50 3.75 Bay State Gas 371 .50 Bradcn -S.25 fi.nrt Mason Valley 7.50 S.00 SIous: Consolidated 03 .07 Colorado 10 .15 Iron Blossom 1.30 1.35 Carlsa 10 .15 Nevada Hills 1.121 1.25 Ore Shipments. The Utah Ore Sampling company on Saturday released 8 cars of oro from Utah, and 1 car from, Nevada camps. An Epidemic of Coughing is sweeping ovar tho town and vonncf and old are alilco affected. Foley's Honey and Tar Compound is n quick, safe, reliable family niodicino for coughs and colds. A. S. Jonoa of Lee Pharmacy, Chico, Calif., saya: "Foley's Honey and Tar Compound has no equal, and I recommond it as containing no narcotics or other harmful properties." Schramm-Johuson, Drugs, "The Never Sulistitutors," Five (5) Good Stores. (Advertisement. Efafttesra Joint Tested Pipe I HAD. BEEM USED. llWhy'! Because every length of MATHESON TOINT WROtJGHT PIPE is tested to at least 450 pounds H pressure. Get that 50 pounds at least and increasing to 700 pounds for certain sizes. fl Consequently, MATHBSON JOINT WE.OUGIIT PIPE practically guarantees absolute and permanent safety on water mains. Ordinary pipe is not tested to anywhere near this pressure. 9H Ordinary pipe evidently was used on the main shown above, ita crucial moment, on the outbreak of fire, si this ordinary pipe gave way utkIuv the increased pressure forced through the main the main burst the ILH streams failed the buildings went up in flames and a lieavr loss was incurred which was wholly unneces- fll Owing to its greater strength and elasticity, MATHBSON JOINT WROUGHT PIPE withstands the year- 9 in-year-out jar of overhead traffic, the strain of settling and caving earth, and unforeseen occurrences which tend to shatter, crack and weaken ordinary pipe, preparing the way for disasters such as this. It tH withstands water hammer and sudden excessive pressures. It has over three times the tensile strentgh of cast iron pipe, yet. weighs much less. It is more easily shipped, and freight and handling charges are lower. ' llmm Our book "Matheson Joint Pipe" is now ready. This was not pub- BBHSffiEEHlS 11 lished for general distribution but mil be sent on request to anyone HHHHhB9K- nl whose letterhead or official position indicates a practical interest in MMBMB(3SMBHSr WmU VPQ' Thla Is the Matheson Joint. lll NATIONAL TUBE COMPANY 1 EDWIN BL F0W3LE, District Manager of Sales 9 DENVER, COLORADO SALT LAKE CITY, UTAH H 717 Majestic Building . 1612 Walker Bank Building UTAHIVS OPEN GOLD Mil OF CIIFOIIA Hope Property in Process of Development for High Grade Ores. General Manager George T. Sten liouse of tho Hope Mines Development company has returned from a visit to the property in California, whero active work ia uncler way to revive what has been a producer ot much merit in times past. The property is located in the Sonora district in Tuolumne county, tho richest gold district hi ono of tho most remarkable counties of the state, tho county having a mineral record pro duction of approximately $400,000,000. The Hope property is ono of the old est locations in Tuolumne county. It early became the property of a promi nent Mexican family and it is prac tically all that remains to this family of a once vast estate. Mr. Stenbouse and associates acquired the group on a bond Bonio time ago, aud this was the first successful effort over made to ac quire the mine, the original owners having drawn upon it irom timo to timo as from a bank when their fiium cial necessities inspired a search for gold. Plan of Operations. Oro of both milling and shipping grades exists upon the property, some of the rock being moro gold than ganguo, and it is with tho purpose of finding a continuation of this sys tem of oro bodies mined in times past that the Hope company was organized by Salt Lake capitalists and operations started. A month ago Mr. Stenbouse visited the property with the intention of lo cating a now tunnel which would get into the vein system 350 foot or there abouts deeper' than any work ever reached to date. When he reached tho nropcrty he found that the winze be ing driven from the 250-foot level was making such jjood progress, and siu-li significant changes were coming in. that the tunnel project was postponed temporarily, and tin? wmizo has occu pied attention since then. At a d.epth of nincly-two toot tho formation changed ana with better depth the vein increased in size so per coptibly, carrying ovcry indication thai another body of gold ore was within easy reach, that the chances appear ideal for bringing' big results to view at practicallv any time. It is intended to continue this winze to ore and it is anticipated that thu rewards secured will finance easily whatever campaign of moro extensive development tho of ficials) have in mind. Custom Mills Nearby. Mr. Stenbouse states that the com pany was organized for dovelopment purposes, and not for disposing of stock. Tho officials are determined to operate tho group for its dividend morlts alone, and all fool confldont that the property will make good in a very substantial manner. Should tho prop erty show tho extent of concentrating ore expected, thcro are three custom mills within a distance 'of three miles which will afford an immediate markot I fox tho product. iOTED SILTED IS TO BEJSIITLEO Bingham Consolidated Plant lo Be Removed From Stack to Foundation. What, may be considered Iho last grasp of the old UhiKham Consolidated smelt ing plant at MIdvale was the action of General Manager Imcr Pett of the Bing ham Mines company In neffotlntlnp: the sale of the entire holdings of the company at Mldvalo on Saturday. The purchaser was the Utah Junk company, but the actual work of dismantling and disposi tion of tlie smelting plant will bo con ducted by N. Rosenblatt & Sons com pany. It will be recalled that this was one of the smelters In the Salt Lake valley attacked and closed as a result of the anti-smoke crusade conducted by the ranchers several years agro. and the last moment of operation at this particular plant was at G o'clock In Hie evening of December 'Ji'. 1007. which served as a sort of back-handed Christmas present to the state through rather cruelly dis posed fate. The smelter was constructed In 1001 at n cost of 51,000,000. and It had been remodeled and added to from time to time since Initial operations began. There Is piactlcally anything and everything at this old plant one might need for an entirely new enterprise. There are 1G00 tons of structural steel In the buildings, a complete and modern sampling mill Is Included, there arc two large electric traveling crnncs, a complete blowing plant, 'boilers, slacks, electric lo comotives, transformers and motors, roasters,' ore bins, 1.500.000 foot of lum ber. 1,000.000 brick of all descriptions and a thousand and ono odds and ends uni versally found In a modern smelting plant. All this equipment will be dismantled and disposed of. and eoon there will be no more trace of the plant than there Is now of the old Highland Roy smelter, another victim lo tho crusade above men- t tloned. The same company which will eliminate the smelter from tho scenery did the same Job for the Highland Bov for the Old Jordan steam plant for the Utah hlght & Unllwav company, and other big tasks of like character In Utah and the west. Fortunately for the Dlngham Minos companv, the beneficiary of the old Bing ham Consolidated company, there were far better assots to which It fell heir than this smelter locked up bv the fnrm ers. Tt Is making- splendid history with its ninnliRin and Tlntic mines and will continue to do so. WORLD FINANCES IN STRAINED POSITION .Tamos A. Pollock & Co., bankers nnd brokers, furnish the following, received over their private wire yesterday after noon: Logan it Bryan, Xow York. The mar ket was again unsettled, with liquidation rather moro general than lias reeantly been the ease. Pressure from London and continent continued on a broad scale, and then, too. many domestic holders be came disposed to reduce lines owing to the rather well defined prospects of an unsatisfactory bank stntement today. Tho exhibit of actual conditions was on its face somewhat bettor than expected, indicating as it did a moderate Increase In the surplus reserve, but. still. whn It la taken into consideration .that the shipments of gold by yesterday's steam ers, aggregating as they did about ?6,000,000, was not Included in the bank tlgures as published today, it will be realized that Tew York Is being forced to withstand the brunt of the strained financial condillons on the other side and. as a consequence, It Is feared that .& substantial contraction in loans will be necessary in order to equalize the mat ter. Such a process is probably now In force through means of the drastic liquidation, which has taken place In the stock mar ket within the past few days. It Is an ticipated that Germany will not secure the bulk of the new gold arrivals In Lon don Monday, but from a domestic view point the opinion is entertained thatXcw York may be forced to lend further as sistance should the German situation not improve rapidly. It would Hcem that recent events in Europe foreshadows the culmination of the Intense industrial activity and ex pansion with whloh the continent has been favored for some years, such no tably being the case In tho instance of Germany, whose financial aspoct has been the subject of much concern upon numerous occasions within tho past year. The Indefinite reports relative to sup posed attitude of the now attorney gen eral In connection with the methods em ployed in dissolving the Standard Oil and American Tobacco companies have been used quite effectually as a bearish argu ment, and then, too, the lack of progress In the formulation of new dissolution plans on the part of tho Union Pacific and Southern Pacific Interests has also contributed towards the uneasiness which was originally engendered by the strained financial conditions In Europe. Jt Is not Improbable that the current sell ing movement will be permitted to run Its course, especially until the loan con traction has been sufficient lo equalize domestic Interior demands and also those of Europe for funds. Meanwhile the most, perhaps, that can be. said Is that standard and well sea soned Issues are selling around levels which should anneal to Investors, but that speculatively engagements on tho buying side should be accompanied by a very stout protection. Nevadas In San Francisco, James A. Pollock & Co., bankers and brokers, furnish the following, received over their private wire yesterday ofter- noon; Bid. (Asked. Goldilcld district Atlanta 5 .1G $ .17 Bocth 03 ..05 KIuq Bull 04 ...... C. O D 0G Combination Fraction- ,.), 08 Daisy 05 Dlamondfleld B B. ...... . .02 Goldflcld Con 2.75 ....... Kewanas 0o Jumbo Extension .29 .30 Lone Star .02, Merger Mine 2G Sliver Pick Con OG Vernal 1 Yellow Tiger 03 .01 ManMUtui district Bier Four So Dexter Union 03 Gold Wedge OS .00 Manhattan Dexter 01 .0o White Cans OS Comstock district Con Virginia -v. ; 25 .2G Hair and Noroross ,0S Mexican 80 Ophlr .20 .2 Savage I. .03 .01 Sierra Nevada 11 .12 Union 12 .13 Tonopah district Belmont .T0 7-12J Boston .03 Cash Boy OS .03 Glpsv Queen -03 Jim "Butler 7-1 .7H Tonopah Merger .83 Midway .SO Montana Loo J.u2i Mlzpah Intension GO MacNamara 20 .I'l North Star 21 Rescue Eula 12 ,13 Tonopah Extension 1.70 1.35 West End 1.321 1.37s Other districts Pittsburg Sllvor Peak 55 ....... Nevada Hills 1 .520 1 ,25 Round Mountain I .48 ' GRAND CENTRAL IS SOUNDING THE DEEP The winze from the 2300-foot level In the Grand Central property Is now with- "H In fifteen feet of the 2400-foot level, at . H which depth the management plans to ""H begin the development of the ores Just l''H as they have been drifted in and opened Ul by crosscuttlng on all the levels from the nH 1800 to the 2300. Mine conditions arc very satisfactory. UH Boston Mining Stocks. James A. Pollock & Co., bankers and brokers, furnish the following, received over their private wire yesterday after- noon: l""H BOSTON COPPER RANGE. aH I Sales.l II. L. IClse Algomah . . 400 Ti li Tj Butte & Balaklava 3 2h " ilH Butte &. Superior .. 200 31 301 301 H Calumet & Arizona.. 520 G3 623 022 1""H Chief Con 50 1 li lj fH Copper Range 425 Hi -13i i'Ab jM Daly West 3j 4 IH Davis Daly 13 li U IH Efust Butte 1S5 13 13 13 lmM Giroux Con 135 -H 3& lH Granby Con 1,700 615 571 5S ) iH Greene Cananca .... 355 Si Si S't JH Hancock 1SJ 18 IS SM Indiana Coppor .... 70 131 123 IL'j H Inspiration Con 17 16 17 IH Lake Copper 6S0 lGi 1G 16 lH Mason Valley 240 9 8 Si iH Nevada Con 80 17A 17 Ilk ImM Michigan-Utah .. 40c 40c 10c lmM Nlplssinir 100 S3 S3 8? IH North Butte 750 27 27 271 iH North Lake 30 2 IH Ray Con 750 1SR 1SJ 1S fHH Superior & Boston . 100 32 3J . 3S MHH Trinity 43 4 A IH U S Shiclter com ... 1,525 10 40 405 IJIH preferred 270 -IS ISM -1S& IH Utah Con I 10 Pi' 10 iH Pond Creek 350 23j 23j 23 1 jH BOSTON CURB CLOSE. H I Bid. lAsked. JH Alaska $12,625 $13.00 IH BegOln 1.50 1.75 UH Boston Ely 70 .80 KH Bohemia 2.00 2. 50 H Butte Central 7.75 7.S7J WmmM Butte & London 30 .SI mM Calaveras 3,00 3.124 WM Eagle & Blue Bell 1.00 1.062 ll Greene S.12J S.50 fH Iloton Copper 4.75 5.00 H Kerr Lake 2.S7J 3,0Gi H Keweenaw 2.50 2.75 H Miami 23.123 23.25 Mayflower 8.50 9.00 UH 'Massachusetts 4.50 -t.5 .'"""1 Michigan 1-50 2.00 Majestic .44 .45 fH Nevada Douglas 2.37S 2,a0 Onceo 13J2 l50, M Ohio Copper .Jo -77 IH Old Colony 5.25 S.50 H S W Miami 3-37 3 ".50 H Stewart v... l.oO 1.S2J B South Lake 7.80 8.00 H Shannon 11 H- H Utah Apex l.fji 2.12b Victoria l.0 1-625 Winona 2.7o 3.00 H .95 1 1.00 ijm COTTON TRADE REVIEW. J NEW VOnK. March S. Tho cotton Kcwls markets held steady throughout the wok without any spenlnl inerca.'o In the lM volume of trading. Jobbers and retail- M pro doinR better than a year ago. H Thf lack of accumulation In first hands H Ik roininlpd as a strong indication of the wrM-snld position of the market. IH On manv lini of domestics the mills ""H cannot izive nddltlonnl deliveries within jH tblrtv days. Printed draporieij ar0 being BH offered for next .non and prices will be IH nnnWi about April 1. " il Pr'ntK wcrr In f"ir iiemand. GlngnaniH H nld firm, with the demand abroad Tor R"""H all iow-orlood dress linos. Blenched cot- IM tons worn niet nnd firm. Ditrk waa firm H and well fold. Denims and othijr colored mm cottons 'rp under order for sixty days H nhend. Ine ml wnnh fbrlrH sold nc- H tlvelv Full Rlve- sold 100.000 plnces of H print cloths, or which half wore for srot H dollvorv. nnd the weakly trade In the lo- H on mnrJt wns of fair vnlnmn. Fancy mm gray cloth waa ordered Ilborally. IH