Newspaper Page Text
THE MOENOTGr TIMES, FRIDAY, JULY 23, 1897.
THE fiLASKANBOLD BELT
Three Hundred Miles Long and
Runs Into British Territory.
YAST QUANTITIES OF METAL
Tlie nodes IUcli In Auriferous Veins,
Hut It 3m Difficult to Mine Tiiem
ud Account of the Expense of Get
ting Machinery There .Placers
Along the Creeks.
The Geological Survey has learned fiom.
tiuug about the resources of Alaska. Tlic
sundry civil bill, approved June 11, 1896,
appropriated $5.0(10 for tlie investigation
or the coa! and gold fields of Alaska. A
like amount had also been appiopriated the
Under the first appropriation an expedi
tion was sent out by the Geological Survey
to determine the coal and gold deposits
along the Hue or the coast from Sitka to
Beriug Sen. A partof the appropriation for
S&5 remaining, an expedition was sent out
1j tne Survey iu May, 1896, to the gold
fields of the Yukon River. Tlie reports that
had come to tlie Survey from the Yukon
country were that there were larger placer
deposits aio3 g the stream beds, aud that tlie
country was generally covered with a heavy
growth or moss, bushes and forest, making
geological exploration very difricult, if not
The party crossed to the head waters of
the Yukon River by the ChilkcotPass and
proceeded byboatdownthc Yukon to Forty
MileCreek. Theyfoundon arrival there that
they could traverse the country in all di
rections, through canons and over mount
ains, by haing Indians act as packer.
The paity tiavcrsed the Valley of tlie
"Yukon from the liiituh boundary on the
eat-l to the mouth of tlie river on the west.
All of the known placer deposits were
examined, and the origin of the gold In
them was traced to the veins of quartz
along the head watersof the various streams
entering the Yukon.
Sufficient data was secured to establish
the presence of a gold belt 300 miles iu
length, a hieh enters the teiritory near the
mouth of Foity-Mile Creek and extends
westward across the Yukon Valley at the
lower ramparts. Its further extent is
unknown. The cpinion of tlie geologist in
charge of 1 tie expedition was thatit would
be ont'vely practicable to prosecute quartz
mining throughout tlie year in this region.
Large areas of rocks containing tiard, bi
tuminous coal were also observed.
The boundary between Alatka and the
British iKssessions follows the line of the
14l6t meridian from ttie Arctic Ocean to
Mount St Elias. This cuts through the
Y ukou goid belt It is known that Uic gold
belt extends eastward Tor a couderable
diEtance into the British possessions The
Geological Suey thinks, however, that
there can be little, if any, dispute as to
the position of the boundary line where It
crosses the gold belt. The disputed bound
ary line is from Mount St Elias south
ward to the head of Portland Channel.
The chief of the geological party which
made this trip was Mr. J. Edward Spurr,
who is now in Russia as the representa
tive ofthe United States at thelnternational
geological convention. He -Sins reported to
the Geological Survey that "with two ae
Eistants he crossed the Chilkoot Pass about
the middle of June and passed down the
Yukon River In a small roughly built
boat to the crossing of Forty-Mihj Creek.
The main purpose of the Journey was tha
investigation of gold resources along the
upper Yukon and haste was made to reach
the district occupied by gold-bearing for
mations. Most of the available time was
devotdtothe examination of theauriferons
rocks and gravels.
Tiie main object of the expedition having
been accomplished, the party continued
down the river toits mouth, andftnm there
procured transportation to Pan Francisco
by frtoamer. During the investigation of
the gold-bearing region all the cieeksand
gulches which are known to be actually
productive of gold were vUited, although
the reaching of Mime of tl.efe districts in
volved a trip of -several hundred miles on
foot. The area reconnoitered comprises
upward of 30,000 square miles.
Geologist Spurr thus describes the gold
belt- Running in a diiection a l.ttle west
of northwest through tlie territory ex
amined Is a broad continuous belt of
highly altered rocks, which crosses the
area actually examined. To the east
this licit is known to be continuous for
100 miles or more in British territory. The
rocks constituting this belt are mostly
crystalline schists, associated with marble
and sheared quartzites, indicating a sedi
mentary origin for a large part of the se
ries. In the upper part a fcwplant re mains
were found, which suggest that this por
tion is probably of Pevonian age.
These altered sedimentary rocks have
been shattered by volcanic action, and
they are pierced by many dikes of eruptive
rock. Besides the minor volcanic dis
turbances, there have been others on a
large scale, which have resulted in the
formation of continuous ridges or moun
In this process of mountain build'ng the
sedimentary rocks have been subjected to
euch pressure and to such alteration from
attendant forces that they have been
squeezed into the condition of schist, and
often partly or wholly crystallized, so
that their original character has in some
cases entirely disappeared. In summariz
ing, it may be said, that the rocks of the
gold belt of Alaska consist largely of
sedimentary beds, older than tlie carbon
iferous period: that these beds liave under
gone extensive alterations, and have been
elevated into mountain rangeB and cut
through by a variety of Igneous rocks.
Throughout these altered locks here are
found veins of quartz, often carrying py
rite and golg. It appears that these quartz
Teins were formed during the disturbance
attending the uplift and alteration of the
beds- Many of the vcinE have been cut,
blicared and torn into fragments by the
force that has transformed these sedi
mentary rocks into crystalline schists, but
there others, containing gold, silver aud
copper, that have not been very much dis
turbed or broken. These moie continuous
oie-benring zones have not the character
or ordinary quartz velns.although they con
tain much silica. Instead of the usual
-white quartz veins the ore occurs in a shear
and altered zone of rock and gradually
runs out on both sides.
So far as yet known, said Geologist Spurr
a. year ago, these continuous zones of ore
are of relativelj lowgrade. Concemingthe
veins of white quaitz rirst mentioned, it Is
certain that most of them which contain
gold carry it only in small quantities, and
yet some few are known to be very rich in
places, and It Is extremely probable that
there are many In which the whole of the
ore Is of comparatively high grade.
No quartz or vein mining baa as yet
been attempted in the Yukon district,
mainly on account of the difficulty with
which supplies, machinery and labor can
be obtained- yet it lb certain that there
Is a vast quantity or gold In these rocks,
much of which could be profitably ex
tracted under favorable conditions. The
general character or the rocks and of the
ore deposits is extremely like that or gold
bearing formations along the southern
coast or Alaska, In which the Treadwell
and other mines arc situated, and it is
probable that the richness or the Yukon
rocks Is approximately equal to that or
the coast belt. It may be added that the
resources or the coast belt have been only
partially explored. Besides the gold
found In the Yukon districts, there Is rea
son to expect paying quantities of other
minerals. Deposits or silver-hearing lead
have besn round in a number or localities,
and copper is also a constituent or many
Slnce-the formation or the veins and
other deposits of the rocks of the goal belt
an enormous length of time has elapsed
During that time the forces or eiosion
have stripped olf the overlying rooks aud
exposed the metalliferous veins at the
6urfacc for long periods, and the rocks of
the gold belt, witli ttie veins which they
Include, have crumbled aud been carried
away by thp streams, to be deposited
in widely different places as gravels, or
sands, or muds. As gold is the heaviest
material found In rock It is concentrated
in detritus which has been worked over
by stream action; nnd the richness of the
placers depends upon the gold supply, the
amount of available detritus, aud the
etiaracter of the streams which carry'
this detritus away. Iu Alaska the streams
have been carrying away the gold from
the metalliferous belt for a very long
period, so that particles of the precious
metal are found in nearly all parts of the
It is only In the immed'ate vicinity of
the gold-bearing belt, However, that tlie
particles or gold are large and plentiful
enough to repay working under present
conditions. Where a stream heads in the
gold bolt the richebt diggings are likely to
be near its extreme upper part. In this
upper part the current is to bwlft that the
lighter material and the finer gold are car
ried away, leaving in many places a rich
deposit of Coarse gold overlain with coarse
gravel, the pebbles being so large as to
hinder rapid tram-iiortntlon by water. It
lb under such conditions that the diggings
.vhich are now being worked are found,
with some unimportant exceptions. Tlie
rich gulches of the Forty-Mile district and
of the Ilircli Crook district, as well as other
fields of less Importance, all head in the
gold-bearing forma tiou .
A bhort distance below the heads of thce
gulches the stream valley brondens and the
gravels contain finer gold more widely dis
tributed. Aloug certain parts of the stream
ttils finer gold Is concentrated by favorable
currents .ltd Is often profitably wasjicd.tliis
kind of deposit roming under the head of
"bar diggings " The gold In these more ex
tensive gravels Is often present in sufficient
quantities to encourage the hope of suc
cessful extinction at some future time when
the work cat be donemorecheaplyandwith
suitable machinery. The extent of these
gravels, which are or possible value, Is
very great As the field of observation Is
extended farther and farther from the
gold bearing belt, the gold occurs In finer
and finer condition until It is found in ex
tremely small flakes, so light that they can
be carried long distances by the current.
The Geological Survey, therefore, lays It
down that as a geneial rule the profitable
gravels are found in the vicinity of the
The cold-bearing belt forms a tango or
low mountains, and on the flanks of thee
to tlie northeast and to the southwest
he various younger mcks which range In
age from cailioniferotis to very recent tt-r-tlary,
and aie made up mostly of conglom
erates, sandstones and shales, with some
volcanic material. These locks -were form
ed subsequent to the deposition, and
therefore do not contain metalliferous
veins. They have lieen partly derived,
however, f mm detritus worn from the gold
bearing bolt during the long period that It
has been exposed to eiosion. and some of
them contain gold derived fiom the more
ancient rocks and concentrated in tlie same
way as Is the gold in the present river
gravels. In one or two places it is certain
that these conglomerates are reallv fossil
placers, and this source of surrly may
eventually turn out to be very important.
CAPTAIN TDTTLE'S REGRET
Sorry He Can't Leave the Cutter
Bear to Gather Gold.
Makes Him. "Tired" to See the For
tunes Coining; Down the Yukon
and Not Share Them.
From United States Navy officials sta
tioned at Alaska, reports come to this
city confirming In every particular all
that has been said in The Times or the
geld fields at Yukon. Tlie.se report.s.l hough
not made to official superiors, must be
believed because of the source from which
they emanate. They show that tlie gold
fever is no strong along the Pacific coast
that it has infected the Navy to such
a degree that it extends from the com
manding officers down to the common sea
men. Cant. Francis Tuttle, of the United States
vessel Bear, now at St. Michael's, Alas
ka, under date of June 30, wrote to a
friend In this city, as follows:
"If I were twenty years younger than
I am now I would be off for the Yukon.
The doiugs of '49 are not in it with the
Yukon. I have Just seen a man who a
year ago was a deck watchman oa one of
the Yukon River steamers. Last winter
he went to the placer mines. He leaves
on the steamer for San Francisco tonight
with $150,000 in nuggets, all or which
he picked out or one hole at Klondike, and
he is only one or hundreds just as for
tunate as himself. It makes me feel
Capt. 0. L. Hooper, commanding the
Bering Sea fleet for Unalaska, has written
a letter to a friend in Washington whichis
dated July 5 , In which he bays:
"The reports of the Yukon sound like
Talry tales. I would not believe them
only I have seen tlie nuggets. This is prob
ably the richest gold discovery ever made
on this continent, and ir I were twenty
years younger I would resign and go up
SEEKING CLEARANCE PAPERS.
British Ship Wishes to Carry Pas
sengers Up the Yukon.
The owners or the British vessel Islander
have applied to the Treasury Department
for permission to clear rrom an American
port for Deyea, a port which is near the
Yukon gold regions. There is no custom
house there, and the Treasury Department
is holding the matter under consideration.
The owners or tlie Islander desire to
take a load of passengers to the gold
'Last summer one of our grandchildren
was sick with a severe bowel trouble,"
says Mr. E. G. Gregory, of Fredericks
town, Mo. "Our doctor's remedies had
failed: then we tried Chamberlain's Colic,
Cholera and Diarrhoea Remedy, which
gave very speedy relief." For sale by
Henry Evans, Wholesale nnd Retail Drug
gist, 0S8 F street northwest and Con
necticut avenue and S street northwest
and 1423 Maryland avenue northeast.
Go Where It Is Cool.
Special rates to Virginia Hot Springs,
Greenbrier, White Sulphur, and other de
lightful resorts, high up in the Alleghn
nies. Trains leave 2:20 p.m., and 11:10
p. in., daily, via Chesapeake aud Ohio
Railway. Ticket offices 513 and 1421
Pennsylvania avenue. jy23,26,29
AFTER KLONDIKE'S GOLD
Some of the Men Who Are Start
ing for the Mines.
AN EX-GOVEItNOIt AMONG TIIEM
Tils Ueumrlcablo Career Onco a
Couwtnblo, Uecame Sheriff, Then
llnuk President, Governor, and
Louder of the HeiHiblicau Party
Seattle, Wash., July 22. The news that
the" telegraph has been bringing for tlie past
ten days of the wonderful things or Klon
tiikc, In the land or the midnight sun, has
opened tlie flood, gates, and a stream of
JOSEPH LADUE, OWNER
humanity Is pouring through Seattle and on ' rever is badly as have other places
toward the golden .Mecca or the North. ' along Alaskan bhores. Unolaska's Uele
It is a crowd at once strange, wend and gntiou or Klondlkers started toward the
picuirceque. Soma say It eclipses anything j diggings some months ago, leaving the
In the days of '40. j town deserted, except by Indians, and the
Tlie goon ihip Portland, which recently latter would not get excited if the Muir
brought a million and a half or the tri-ature ' giarier was grinding out $20 pieces and
to this port, sailed today for St. Michael's '. showering them all over Alaska. The
at noon. She will carry every passenger and
every pound of cargo she hab the ability to
transport. From St. Michael's her burden
will be taken up the River Yukon to far
Tlie Portland has booked for this passage
fifty-two first class and ninety-eight steer
age passengers. Perhaps the most promi
nent Is John II. .McGrnw, an e-governor
of this State and twice delegate to a
Nntional Republican Convention. Had Jiis
party been successful in this State he
would, in the nature of things political,
have been wanning the seat now occupied
by United States Senator George Turner.
But at Everett McGraw threw his strong
personality Into the breach and had his
State convention to declare for gold, and
Populi&t John Rogers succeeded him as
governor and the fusion forces sent Tur
ner to the Senate.
Moreover, having been a Reed man he
got nothing from theMcKinley Administra
tion. So McG raw's political aspirations
vanifched, and he was overtaken by other
misrortunes. Fusion county officials ex
amined his accounts as sheriff of Taking
county androundhlm. short many thousands.
The case was outlawed, but McGraw
surrendered all his property, and in his
manner of going a pathetic side of nature
is presented. To the remonstrances of a
friend against such a course the ex-governor
"I can go to Klondike, take a pick and
a shovel, and earn $12 or $15 a day at com
mon labor. Such work there, even if 1
can do no better, would not be as em
barrassing to me as the performance
of manual labor here."
The name of E. M. Carr, one of the
foremost lawyers or the State, and .-in
ex-brigadier-general of the State militia,
appears on the Portland's list, as docs
also that of Peter Jackson Carr, a nephew
of the late Gen. Carr, of the regulasArmv.
He leaves a lucrative law practice.
The son of a dignitary will be or the
vW"0" - RESERVOTIflM. J5V "'wjni.i'u"uJS5gsSsv
?Vy fW & flTSw
, W NOIAN- "-r
DETAIL 3IAP OF THE KLONDIKE DIGGINGS.
This map was made from a sketch furnished by Fred B.Crewe, a well-known
printer of New York, now in the Klondike region. Mr. Crewe was in Klondike last
year and drew this sketch in March, 1897, for tlie benetit or miners in Douglass,
Alaska. The Alaska Miner, a newspuper at Douglass, printed the map at the re
quest of men going to Klondike.
Portland crowd in the person of G. St. L..
McKinto.h, whose father is Gov. C. H.
McKintobh, oi tlie Northwest Territory, in
which is located Klondike. Gov. McKln
tohh came to Seattle to bid his son adieu,
and during his stay heredeclarcd that there
arc a hundred Klondike in British Yukon
and that they contain hundreds ot millions,
for gold has accumulated in these streams
forages. GeorgeHydc Prestonis aSouthern
gentleman by birth and breeding, but lo is
being turned away in the prime of life from
the practice ot law by the romantic talesof
Klondike. Capt Balliot Is a Harvard
graduate and a football player of Pacific
Down in the steerage .are poor men, -who,
as a rule, have been "grub staked." The
Pacific coast States appear to be contrib
uting the largest number of voyagers,
though the advance guard from the Mid
dle States aro urrivfng, and, in truth,
men are coming rrom the rour quarters
of the nation. Every city of prominence
iu the country Is represented and the
agricultural districts arc furnishing their
2UEOR13 TREASURE FROM! ALASKA.
It Tb Said 5,000 People Are at the
San FranUsco, July 22, More treasure
was received from the Arctic gold fields
by the steamer Bertha, from Unnlaska,
but It came in tlio form of 500,000 tons
or concentrated gold ore from Unga Island,
valued at S-10 per ton, and worth In all
$150,000. Unga Island milne is on the
coast, and operated by thi A polio Mining
Company. The quartz is rich and Is
handled cheaply, but the.costof erecting
theplantwashoavy. Thcisteamer brought
about two weeks' later advices from D.aw
son CJty. I
Only rour perrons came down in the
steamer, and none of the four were going
going to Klondike. Unalaska hus the
OF DAWSON, ALASKA.
( Bertha brings advices-that will uot en
Every claim within miles or Klondike Is
taken up and nearly 5,000 people are- at
the new diggings Those who got in late
have gone Turf her to the northeast of
Klondike. looking for now locations. The
Dawson region wub still paying at the
latest advices, but,- mining parties have
struck out rorthca'st and southwest, the
In Iter toward American territory-
Mr. 0. F. Dickinson, or KoUiak, who
ai rived on the Bertha, gives a report or
the gre.rt ricnesin several mines on Ccoks
Inlet, whore the cost or living is' less than
at Klondike, and gcod miners get $15
per day. Dickinson says that when the
Cooks Inlet mines are properly developed
they will be as rich as Klondike.
THE PERRY-DUNHAR FIGHT.
The Sculptor Pays, a Fino.,nnd Mr.
Perry Forfeits Collateral.
Mr. Benjamin F. Ferry and Mr. Ulrlch
I. Dunbar were both charged with being
disorderly In the police court yesterday.
Mr. l'erry failed to answer when called
and forfeited $5 collateral.
Mr. Dunbar was present to defend his
case, but Judge Mills thought from the
testimony that a disorder had existed
and Mr- Dunbar was fined $5.
Mr. Dunbar is a well-known sculptor,
fray on Ninth street on July G, when Mr.
Perry and Mr- Dunbar assaulted each other
because the chaige on one side of dishon
esty in a business transaction.
PRINTERS HAVE A PETITION.
They Aslc for Shorter Hours Dur
ing the not Months.
The Allied Printing Trades Council
met yesterday and prepared a petition
to President McKinley, asking that the
Government Printing Office employes be
allowed to quit work at 3 o'clock on
Saturday afternoons during July and Au
gust. At a recent Cabinet meeting it -?va3
lecided to close the various departments
during the summer months at 3 o'clock
011 Saturday, but the Government Printing
Office not being directly 'under any par
ticular Cabinet officer, was not accorded
the same privilege. A committee consist
ing of J. D. McKIiinon, W. El Lalng and
13. J. Hoach, representing-the Allied Print
ing Trades Council, waited on Public
Printer Palmer, and requested that he
present the petition which ha.d been pre
pared to President McKinley.
Mr. Palmer will have ah interview with
the President today. 1
.1.- i ;T .TiT-rr CCWTXVY FHDK
rafefts. vS5feJ . S
The World of Business.
Wall Street Yesterdny.
New York, July 22. The Chicago mar-,
ket was closed today, on account of the
local holiday there, but the cable advices
reported the Liverpool, Paris and Antwerp
markets as all closing at substantial gains
from yesterday's level. As much as any
thing elsp, this news gave the cue' to the
trading on the stock exchange today. For.
many of the standard stocks the highest
prices of the current upward movement
were recorded. The transactions showed
a genera! distribution of interest In the
market, and the volume or business was
on a wide and expanding scale.
A fuithcr Incentive to the buying of
stocks -was furnished by the advices from
Washington that the tariff bill was likely
to pass tlie Senate this week, while the
general Influences affecting the market,
including the important one of confident
and cheerful sentiment were as pio
nounccd as heretofore. The slight degree
of hesitation that has been noted in the
past two days disappeared altogether and
several hitherto relatively inactive stocks
became active and advanced rapidly.
The most active features of the market
were Sugar, American Spirits, Chicago Gas,
the grangers and the Kansas and Texas
shares. As noted, however, interest was
active elsewhere in tlie market, as was
evidenced In the increased dealings in
Western Union and Manhattan. With the
exception of Sugar, all these btocks were
strong. At the opening of business Sugar
declined rapidly over three points, and,
while it soon iccovered the greater part
of this loss, its sul sequent movements
were erratic and feverish. Tlie Lead shares
were active and btrong, but they declined
on later dealings.
The day's indications were that upward
of $2,000,000 gold would he shipped by
Saturdays steamship, but the probabilities
to this effect were Without Inriuencc in
Other features of the market were Brook
lyn Rapid Transit, General Electric, Susque
hanna & Western and Louisville & Nash
ville. The latter was the strongest of
the stocks that have an international mar
ket. The market reacted some in the after
noon, but, closing prices for a majority
or the list were not far from the best of
New York Stock Market.
Corrected dally by W. B. nihbs ft Co
Banker and Brokers Member of th
N. Y. Stock Exchange. 1427 F street
f- Hizll. I-OTT. ClO'.
America" RnlrlM, r-fiU.
Am. ? n star Itoflncrv ....
American Siurar nfil...
Atohlon. Tnn. ,fc S. P.
American Cotton Oil..
Paltiumre k Oiiio ,
Biy Stato f!a
Canada Soutliu'ii ,
Chesapeake t Ohio.....
C..C. i,. .t v-t. I
Chicago. Hur. & gmucv
Chicago A .Nortlm'n...
' M.in I Hz. P.
U., It. 1. anU 1
D'L. Iic. .fe Ve.t.
" M n
31. tf si
M'H W.'C IU
11.1 11.1 ill
TST. 79 "s 7'
12'4 lllj 11J;
is '. is);;
M S 55
87 SS tO'A S
:sk &oi 7.s so
io h hit.s iai !-'
I..3 Job US lo
Delaware Jt Hudson.... listi '.t lib,! l.Lj;
ijlmiv. tt it, dramii'.piti.
Ljuigvillb A NjsIiviIIo..
.wet. '1 ruction
.M .mi. :t m
-i.. K. at. pra :
.V.lioiM! i.ead Co.
.National lcud L'o...jii"u.
-cw VorK Central,
.Mrtuurit I'.clau old....
Out r.o v Wc5.eri
Cli.i.1. cc Uc-julli;.'.
so .iiicrn itAii'jy, ;,ia..
1 e.tao iml-iui:
. ui.u. Lo.li lr.i .......
Uinu.i t udk
Wnoelltig Aj-a.c Erio.
M cj.tUu.fii J.ij . vo....
1". 15 15 15
'Hi Z. 'Si Z5X
i:i" lii" i:6 1:6"
a;,' 53 i 6ii 5
iihl C'2i vii sriV
2i -i'ji iy, &
!i.-.l "Arts 317
ssV iSJj i7Ji is"
bdja IVif, iu WSm
U- 141', 11 Uh
ii r. -ii -ri,,.
i3vi l"h Yz'-i'iiJi
3 X 3. .,;, .2
.!J , .iVi ... 'K
.u; 3 H 'Jyi 0
ll Ju Ha l
Sii iA ih
0V 7:- o; .
l-J-4. -,4 dl -2
15,4 l?i ". 0
.Ja l- lii n
iii liH S, vuj.
The latest news from the Capltcl seems
to be that there is no ceuaiut y about the
time when the tanfr bill will become a
law. The situation is mest unsatisfactory
to the stock ma rket.in theloug continuance
or the uncertainty. However, it can be
but a short time at the most, and it is
probable that this asaurauce will keep
the market from having a reaction. Prices
yesterday were generally good, and in
some cases advances v.'ere excellent,
Sugar being the weakest thing on the
board, ns a matter of reaction frgm the
big boom of the early partof the week.
You. can hear now, ir you wish, the
prediction that when the taiifr has be
come a law there will be a ieactiGn, the
idea being that the market has been
boomed, dir-countiug the passage or the
bill. 1 am not much or a believer in this.
The fine advance in Chicago Gas was
n.osu satisfactory to friends ot that prop
erty. The itock reached within an eighth
of par yesterday, but stopped there, appar
ently in accord with the whim of the
speculators. It closed strong, however,
and will almos: surely pass the 100 mark
today. After that there may be a slight
reaction, but the tendency ot that stock
will be upward for two or three more
points, its friends are confident. Predic
tions are frealy made that anywhere be
tween 115 and 125 may be expected of
Chicago Gas for the near ruture, and later
when the larger profits or the new combina
tion are assured even turtber advances will
Gossip in railroad circles has it that
President S. R. Calloway of the Nickel
Plate will succeed the late Gen. Caldwell
as president of the Lake Shore. Mr.
Calloway stauds high with the Vander
bilts. It is said that Moore & Schley wore the
people behind H. I. Nicholas, who put
up Burlington yesterday.
The market continues to act directly
opposite to the London market. London
is still selling the international stocks
and we are still buying them. It is said
that Londoners are getting rid of all
their American holdings, very nearly,
but of course this is not so. The feeling
is against us, undoubtedly.
The best opinions as to Sugar now are
that it may be safely sold on rallies, for
a time, at least Several had this tip
yesterday morning and acted on 'it to
advantage It is probably good, still,
though. Mr. H. Content sold Sugar in
a large block yesterday, and booked lb
The Norfolk & "Western earnings for
the second week In July Increased S2,
779. The earnings of the C. & O. for
the week ending July 7 increased $7,818.
There Is a tip out to buy Union Pacific,
though it may .not go very high. It Is
being manipulated, and is probably good
for 2 or 3 points.
Mr. F. D. Carley says ot the market:"The
syndicates in Rock Island, Chicago Gas,
and M. K. & T., have kept the market in
a roar all day, and it Is not possible to
see the immediate outcome. We have
been fearing that the arbitrage brokers and
some prominent bears would get together
aiid mark down the International stocks
because London Is short, but so far they
Receiver's Sale of Loeb & HirsJis Stock.
have been made in the prices of this stock.
The goods must go and rapidly. The court
brooks no delay the estate must be settled.
Never were goods offered at such prices before
A large lot of Suits have been bunched together
and one price put on them Tweeds, Cassimei-es, Chev
iots, etc. some lined, some half lined.
The Suits are worth from $8.50 lo
$15. Some sizes are now missing so
they all go at
p $20 Cheviots y Clay Worsteds, Cassimeres.
ill Those Crash Suits are rapidly go
vt in which is natural, considering
tt they are first quality linen crash and
worth at very lowest $4.50
; SI. 50 White Duck Pants, 75c.
. Q. WOLF,
have not seen their way to accomplish
anything. Under tnese circumstances, we
cannot give an opinion ot the movements
or today, but hesitate to adiLse the
purchase or any or the active stocks at
Town Topics' Hnancial bureau advises
buying Chicago, Rock Island, and Pacific
The Town Topics people state that It
will go very much higher, and that quickly.
Dow, Jones & Co. say:
"The Tennessee Coal and Iron statement
for June was about what was expected
ia iew ot the stagnation in iron. The de
ficit for the first half or the year is less
than $2O,0C0,ar.d this could be made up
in a single week of normal Iron traffic. No
Institution In the country can make pig
iron as cheaply as the Tennessee Coal and
Iron Company, and its profits in active
times are very large. These active times
are believed to be at hand."
The indications now are that the export
of gold tomorrow will be $2,000,000. It
will go to Paris.
Ladenburg Thalmann advised buying
M. IC. T. very strongly toforu the rie
They were exactly right. I have noc
learned just -what connection they had
with the fact.
"Wnsliingron Stock Exchange.
Sales Regular call 12 o'clock m. "Wash.
Gas, 15 at 42 5-S. TJ. S. Electric Light,
10 at 06. Mercenthaler Linotype, 200 at
IIS; 25 at US 1-8. Lanstou Monotype,
100 at 15 3-8.
.After call-Mergenthaler Linotype, 15 at
118. Lanstou Monotype, 10 at 15 1-2.
U. S. 4s. U 1907 Q. J. HI
U. S-'. 4'.-. C 1907 Q. J ltl.i
U. S. 4s. 1035 124
U.S.o's.lG01Q, F Ill
DISTRICT" OF COLUMBIA BOKD3.
53 1593 "C0-year Funiliug" I'll
(is 1902 XO-rear Funding" gold...
s 1901, ''Water btock" currency.
7sl93- '-W atcr Stock' currency. 112
Vunding" currency IGo's Ill"
.Met.lt II Con v. Gs
Met. it It Cert. Imlebtcilnes..A
Met. ItKCert.Indcbi;ednei3..1i.. 103
Kckineton it IWa
Columbia H Itts. I9U 17
Wash Gas Co. Ser A. 6's. lD02-'27... 110
v ash Gas Co. her K.h's. ISOt-'JU... lit
U. S. Klec. Light Debenture Imp.
M. & N 100
Clicsaml Pot Tel 5's. ISd.-MlUl 103
Am Sec&Tro's. P and A. 1905.... 100
Am Sec A 1 r -Vs. A and O. 1905.... ItM
Wash .Market Co 1st ITs. 190M9I1.
S7.01.0 retired annually 10S
Wash Market Co imp t"s. 12-27 lit:
Wash ilarketCoext'uCs. 114-'27.. 1WJ
.Masonic Hall Associ.itiou o'.-t. 1WJ. 14
Wash Ltlnf Istffs, 1941
KATIOXAL BASS STOCK
flank of Washington.
liank of Republic
Farmers' and Mechanics'..
SAKE DEr-OSIT AND TRUST COiIiAXIES,
Nat. Safe Doposlt and Trust
Wash. Loan and Trust ...,
Auier.secunty and Trust
Wash. Safe Deposit
Capital Traction Co
GAS AXn ELECTRIC LIOUTSTOOK3.
Washington Gas M3J!i
Georgetown Gas 41
U.a. leucine Liirht
(j'eriu.m American l.U
National Union IU
I'uopta'f. 5 V
v.oiumerclal ... i;?
TITLE IX&UllAXCE STOCKS.
Itoai Katate Title
wolun:bia Title. 3
w .lauiugtou Titlo
Chcsaueakcaiid Potomac b3,V
.uioricjn Urapuophouo &
vnmrlcan Grapiioimone, ptu.
Pneumatic Guu Uruje ,
Great Falls Ico
Nor. aud Wash. Steamboat
New York Cotton Market.
Open. High. Low. 2p.m
For Mais Pants they are really worth
two or three times as much. They were
?nade for suits ranging from $15 lo
Matters anything you may
w.i-r to know about mining
and naning properties. 708
The National Safe
Of the District of Columbia
COR.VF.K 1 5TH 8X-AXD NEW lOEKAVa
Chartered by special acs of Congress.
.'an., lbU7, and acta of Oct., 1S0O. and
Capital, One Million Dollars.
CORSOiN & MACARTNEY,
MemDcrs or tno New Tort Btoci Ex
change. 141S F 86.. Glover buUdlnj.
Correspondent of Messrs. Muora & hcaiey,
Banters and Dcdler In Government Bond.
DepoMta. Szchauge. Loana.
CaSlroud t-tocks and Bonds and all securi
ties hoted on the escbanges oC New Xor)r.
Philadelphia, ilostoa and Baltimore bougas
A specialty madeofinveatmentsecuTltie.
District bonda and all local Railroad. Gaa,
Insurance and Telephone Stock dealt la.
American lieu Telephone titoclc bouitj
anC Kid. mnlis.s
g AND TRUST CO. g
I Money to Loan. I
Q This company has money to loaa.
on listed collateral securities as
lowest rate or interest.
S U J. BELL. President
V. B. Hibbs & Co.,
BANKEKS and BF.0K.EIt3,
Meu.bcr.3 Ne-T York Stock Etco.:iJ,
1427 F Street
LADENBURG. TH.YLJIANN AOi.
Hodgen &, CO
Brokers and Dealers,
Stock, Coin, Grain and Provisions,
Eooias 10 and 11 Corcoran Balliiar.
Corner lith an I V treet. andMJ. ."ta. t n
MONEY AT 5 PER CENT on real estate
In D. C: no delay, terms reasonable.
HE1SKELL & McLERAN,
JyU-lmo luoa ' 8t. aw.
C. A. C. TENNIS TOURNAMENT.
Tlie Preliminary Sets Ended Yes
terday at the Club's Courts.
The third day's assignments of the
Columbia Athletic Club's tennis tourna
ment were played at the Columbia field
and tlie G street clubhouse conrts yester
day afternoon. These matches wound
up the preliminaries in singles of. both
classes A and B. The semi-finals will
be beguu at 4:30 o'clock today and the
finals will probably be reached Tuesday.
The results yesterday were as follows:
Class A Wooten defeated Cronin by de
fault. Cake defeated Wih-on by a score
of 63 and 62.
Class B Mather defeated Gold, -1 6,6 I
and 63. -
EXCUHSION TO CHAPEL rOINT.
The IMver Queen "Will Make the
Trip Next Sunday.
The River Queen will make the second
of the delightful Sunday trips to Chapel
Point next Sunday. On account ot an arti
cle that appeared in one of the papers yes
terday morning some people might be led
to suppose that a restraining order had
been issued, preventing the coat from mak
ing the trip, but it is not ho; the case is sec
for argument on the 20tb, and the boat
will certainly run next Sunday the 2otb.
The trip was very much appreciated last
Sunday, and no wonder, for a cheaper or
more delightful sail could not be found;
a uail of HO miles for 23 cents Is cer
tainly something that the public is not
often permitted to enjoy. Chapel Point,
too, is a delightful spot and tiie bathing
r-al salt water batnln, Is excellent, not
lo speak ot the fun of t rabbing and good
fishing. Special arrangements have been
made to cater for a large crowd, as the
delightful breezes of the river have a
wonderfully sharpening crfect en the ap
petite. Capt. Blake looks well after the
comfort ot his passengers, and excellent
meals will be served on the boat as well as
at the grounds. This is eminently a trip
that ladies unattended by male escorts are
quite safe in taking, as it Is a well-known
fact that any excursion to which Capt.
Blake lend3 his aid will be conducted with
the mobt perfect orderliness and decorum.
The River Queen will leave Macalester's
wharf atO-30 in the mcrningrand returning
reach home at 0:30 In the evening. Sno
stops at Alexandria both ways