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Show THE CITIZEN 11 JfllllllllllllllllllllllllllHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIUIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIUIIIIIIIIllUIIUnilllllllllllllllUIIIIIIIIIIIIIIIIIIIIIIIIHIlllUIIIIIIIIIIIUIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIUIIIIIIIIIUIIIIIIIUIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIItlllllllllllllllllllllllllUllllllllUUIIIIIIIiniNIIIIIIIIIIIIUIIIII Mines, Oil, Industries ...and Trades 1 dllllllllllllllllllllllllllllllllllllllllllllllllllUIIIIIIIIIIIHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIflllUIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIIIIIIIIIIIIIIIIIIHIIIIIIIIIIIIIIIIII'IHIIIIIIIIUUIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIinilllllllllllllllllllllllllllllllllllllllllllllNIIlff JOINT SILVER INQUIRY UTAH CORPORATIONS COLUMBIA STEEL WILL BEGIN WORK MONDAY to propose by legislation the creation of a large selling and credit association controlling 80 per cent of the silver Big Concerns Will Raise Money Millions to Be Spent Building Commission Is Appointed With Power to Make Thorough Coinage Investigation. output of the world and may be offered in the form of an amendment to the present Act, under which the Copper Export association operates. PERMITS ARE GRANTED Through Stock Subscription to Enter Business. The Rocky Mountain Coal company has secured a permit to sell its stock in Utah. This company is capitalized for 1,000,000 shares of common stock with no par value, and for 500,000 hares of preferred stock at $1 per share. The stock is to be sold only through licensed brokers. The cost of opening the property is estimated to be about $277,000 by the engineer. The American Cement and Plaster company, which has a capital of $500,-00- 0 divided into shares of the par value of $1 each. G. E. Ellsworth is president. The company was granted permission to sell 50,000 shares of its stock at per share. Application of the Wut Oil company to dispose of 100,000 shares of its capital stock at $1 per share was granted. The company is capitalized at 500,000 shares, having a par value 4 of $1 each. There is outstanding shares of itsstock. The Morgan Canning company of Morgan with a capital of $1,000,000 dividend into 70,000 shares of common stock at $10 per share and 3,000 shares of 9 per cent cumulative stock at $100 per share, was granted authority to sell $300,000 worth of first mortgage 7 per cent gold bonds due in 1945. Woolen The Salt Lake Mills company, of which J. D. Sparks is president, was also' granted permission to sell 500 shares of its stock which has a par value of $20 per share. Application of the Interstate Petroleum company of Salt Lake with a capital of $800,000 divided into 8,000 units of $100 per unit par value for permission to sell 1,000 units at $100 per unit was granted. The company of Ogden was granted a permit to dispose of 210 shares of tis stock at $100 per share. The Columbia Savings and Loan association was granted a renewal of its permit to sell $10,000,000 worth of installment or paid-usavings certificates. J. Parley White is president. The Marjorie Mining company of Salt Lake was likewise granted a permit to sell 200,000 shares of its treasury stock at not to exceed 25 cent3 per share. $1 399,-52- Co-operati- ve Foulger-Hurst-Marti- Huge Iron Works; Other Businesses to Follow. Men will begin work Monday morning on the site of the Columbia Steel company near Springville. This means a great deal to the state for the upbuilding. of factories and other busi. nesses. The estimated cost of the steel plant is $3,500,000, and the men will begin cutting into this figure when they report for duty Monday. The coke ovens are the Declar type and it is estimated that the first unit installed will produce, besides 650 tons of coke, approximately 10,000,000 cubic feet of gas daily. Vice President L. F. Rains says that this gas will be seeking a market because the present plans of the company will not require any gas for operation purposes. . Better Service between shippers and the railroad resulted in a reduction of 64 per cent in the amount of los3 and damage to freight handled by the Southern Pacific during 1922 as compared with 1921, according to a report just issued by R. G. Fagan, superin tendent of freight protection for the Southern Pacific company. Tni; material reduction in the amount of loss and damage to freight last year followed an intensive campaign by. the Southern Pacific for better and safer handling of freight over its lines, Fagan stated. Co-operati- on . The biggest fire of several years broke out in the Schramm-Johnsodrug store, the Sam & Frank Clothing store, the Main hotel and the Stubeck pool hall at Third South and Main streets, and but' for the heroic fight of the firemen the entire corner would have been swept away by the raging flames. As it is the damage will reach about $100,000, most of which is covered- by insurance. Assistant Fire Chief W. H. Knight and his men did mighty good work. n . New Postmaster Harry S. New has been appointed postmaster general to fill th e vacancy caused by the resignation of Hubert Work, who has been appointed secretary of the interior. Q A Copper Washer For a Silver Dollar The Wonderful Automatic Electric Washer cost you only Down and a Month Special Terms for March Only FREE Angeles makes a remarkable showing. People of Los Angeles are among the most prosperous of the world. This is shown by the fact that if all the money deposited in the banks there, amounting to $658,475,350.97, could be divided equally among the 850,000 residents, every man, woman and child would have a deposit of $774.70. The 23 Los Angeles banks have a greater aggregate of deposits than have the combined 954 banks of Flor- Ida, Montana, New Hampshire and Utah, as reported by the government for 1920. Big Fire on Main Again The Chamber of Commerce of Los Streeter Gets Gold Mine e Wow Is Your Great Opportunity! Big Banking Deposits . Webb-Pomeren- & The Salt Lake & Utah railroad has filed complaint with the interstate commerce commission asking to be made a pa ty to the tariff under which coal is shipped to Nevada and California points. Ralph H. Jewel, attorney for the company, filed the complaint. The Utah railway has refused to allow the Orem line to make an agreement. According to some coal dealers and traffic men, if the case is acted upon favorably, it means another outlet for Utah coal to the Pacific coast. p return. The silver markets remain firm with China still a bidder and India showing moderate interest. The latter country is still the largest gold buyer in the London market. New York silver sales have been around 64 cents, or about an eighth above last weeks average level. ' The resolution of Senator Nicholson calling for the appointment of a silver commission, introduced December 27 last, has been repalced by another calling for a joint silver and gold inquiry to consist of five senators and five representatives, three to be composed of members of the majority party and two of the minority. This commission is empowered to go into the gold and silver question in detail and is given broad powers, such as to send for persons or papers, to administer oaths, to summon and compel attendance of witnesses, and to employ such personal service and incur such expenses as may be necessary. Senator Pittmans contemplated action in regard to the silver situation is . Permit Makes Business n The Tonopah Bonanza announces that Oscar Streeter, a well known mining man, will leave for Russia, where the will have charge of one of Big Bill Haywoods gold mines. The offer is such a good one that Streeter is willing to become a Russian a while and if the climate suits him he may never BY SENATOR NICHOLSON With every AutoMatic we will give you FREE the Humgalvanized phry Clothes Line Set, consisting of a clothes line, attachments for fastening and tightening, a carrier for the clothes basket and for clothes pins. 100-fo- ot Utah Power & Light Co. "Efficient Public Service EVERYTHING ELECTRICAL FOR THE HOME 0 s? |