Show f FINANCIAL MINING AND OIL NEWS Edited by Ira C. C Tichenor VALUES ALUES AS WHOLE IDLE UNCHANGED FOR FORc HOLIDAY c s v cral r l Copper Companies Affected by New Freight Rates on Ingots r i- i By Badger er Bros Private Wire I NEW NEW NEV YORK YORk March lach 28 lh With tho the greatest battle In tho world wor's s lm batte p pending g no ono one will wi want to go o over o the mInK holiday with wih nn any big commitments In hi the tho holdar stock market maket Clo Closing inG prices pries were at a slight sto recession from highest figures figures fig fig- ures of at the tho day lay but values alues as a whole holc ero practically unchanged from Crom yesterdays yesterday's ester yester day days day's closing prices Dick ft It appears cosinG that conditions In re regard r to freight I rates on copper ingots from Crom the South American Amerian mines to tho the New v Jersey Jerse refineries aro are Improving ImprovinG This Is a subject subject subject sub sub- of at particular Interest to the Ken Ivon- Copper company compan which owns the tho to Braden mines to the Chile Chlo Copper company com corn which probably tho the bl biggest est pany parn owns copper mine In tho the world in point of tonnage tonnage ton ton- nage rago of at ores developed and to the tho te Anaconda Anaconda Anaconda Ana Ana- conda company compan which owns most of the great Andes Exploration company compan In gat Chile which property is not as yet et a producer being beinG still sti in tho the stage stIo of ot de de- de Clark Clark lak I While there ther is still sti very veo little public 1 speculative Interest in tho market at the these same arno time there was a good demand for stocks Blocks se yesterday whenever on re re- re cessions Tho The market has haf all al the earmarks car car- marks of ot working to a much higher leveland level leveland and advise tho the purchase of at Reading Heading Steel Crucible u bl and Baldwin whenever M. M. M R IL eR R e Inspiration Copper company operations arc now running at per pcr cent capacity The company directors to today declared tho the usual quarterly dividend of 2 52 por Negotiations are now going on between United States Stool Steel and Anaconda for Cor tho the purchase o of or entire entro output of ot manganese ore of ot the Emma Ema mine of the Butte Coper Copper Copper Cop Cop- per ar er Zinc company compan This can c be bo stated on absolute authority The Carnegie Steel company has haa been purchasing manganese manganese manganese man man- compy from Anaconda rl right ht along alonE The best of the tho coppers copper are much cheaper Te by comparison son than tha the low- low priced speculative Issues Established producing companies are ae getting prices for tor their tei product which enables them tem to meet met the tho heavier hevier expenditure and still sti have lulo avo left lef a substantial margin of profit fox for for distribution to their shareholders G George Gorgo L. L Walker Valker U. U S S. S S Mining Smelting Refining to today today tolay to- to lay day day declared the usual quarterly dividend per share on the tho common stock Dates April 15 and ad It I is la known know that some of ot the large lare lines of ot Steel put around 9 95 are not yet et covered This is on belief blet that tha the brilliant brilliant bril bril- balance bace sheet for the tho te year ear will wi be offset by an unsatisfactory showing showinG for forthe tho the first quarter There is also a bear element clement that questions the continuation of ot the present liberal dividend policy thru throughout bout the te year ea Irrespective e of the strong Prong cash ch position of or the tho company compan- N N N- Y News Owing to the government governments action acton ot of Nc New cw Haven It Is now believed that ta Frisco Rock Rok Island Missouri Pacific and Wabash Wabash Wa- Wa bash and ad other roads that were In the tho hands bands of ot receivers during the te greater geater part of the proposed year three three basis period will wl secure readjustments sufficient suf suf- to enable them to meet all al their fixed obligations tons and leave a a surplus Financial News CORN CLOSES STEADY i SHADE NE NET LOWER LOViER 4 t. t 1 By Associated Pret CH CHICAGO AGO March 28 Unfavorable war ar developments had a bearish bersh effect today I on grain gain Corn Com closed steady a a. shade net lower with May Mr i. i The finish finish fin fin- nIsh n- n ish In oats ranged from c c decline to 2 c advance avance Provisions underwent a setback of ot 17 to At At first firt the te corn com market eh showed wed a tendency to harden haden owing to Improvement In the military mitry situation Some Sonio attention was also given to reports re reports reports re- re ports Increased u use e of corn by flour millers miers and and to the fact that primary mazy mary ma arrivals so far fa this week had fallen talen off oft about bushels as compared wih with last week Demand however lacked snap and when news came camo of or a French Fench reverse rever at the market displayed an an Inclination to sag Word ord that tho the British had lost tanks I counted also aso as a dampening Influence At no time however did selling become aggressive and the tho to price changes were I confined to narrow limits Active demand from the seaboard carried car car- cr- cr ried ned eats Bats upward until war advices avles became bece be be- be came caine ce less encouraging Then a reaction I took tok in the place pla selling Belling with wit local traders conspicuous Provisions weakened as a a result o of t breaks brek in the to value of hogs Assertions Assertion I that warehouse stocks were unusually IP P largo large added to the tho heaviness of the market mar mar- ket ket AMALGAMATED AMALGAMATE BRINGS p IN iTS iS PRODUCER 1 II H I. I H. H manager of ot the Salt Salt Lake ake branch of tho the Robert Roberl I. I Irons FInancing Fi Financing Fl- Fl company of Denver yesterday received a telegram announcing that announcing that the AmrI Amalgamated Petroleum company had brought in Its Is eighth well wel Wednesday and that tho the ninth it is expected will be ninth brought Jn in n tomorrow v These two will wi make four wells brought In by the Amalgamated within wels two weeks Only a few days ago Mr was notified no no- tiled of at the bringing In of or the sixth well and this was followed two days cys later wel b by the tho announcement that the seventh had been brought In Tho company owns leases leases' leaseS on op OJ acres of proven lands In the tho famous Chelsea Okla district and approximately 1300 acres In San Saba county Tex S. S L. L BROKERS WORK WHILE OTHERS REST RESTi i AH All Al eastern exchanges and the San Fr Francisco Mining MininG exchange will wm remain Sa closed ov over r Good Goo Friday but usual SatUrday Saturday Sat Sat- sessions will be bc held held The Salt Lake Stock Stok exchange decided to hold a session as al usual Friday OGDEN LIVESTOCK OGDEN March arch 28 Cattle Receipts 10 10 7 market steady Choice steers 1025 1100 good feeders 57 00 R 9 choice 0 c cows 8 and heifers fair to good 50 T wv Gunners canners Vo 75 V feeder r cows cows veal calves calve 7 76 choice choie bulls buls Hogs Receipts Receipts 60 market steady Tops 1685 bulk of ot sales 1685 Sheep Sheep Sheep-No No receipts market steady Lambs 1650 ewes J. J V L I 7 6 OL OiL SAND PLANT ATus AT U. U OF U. U IS TESTED TESTE In tho the presence of or a n lar large e number of men Interested In tho the oil 01 sand Band Industry a miniature plant capable of handling about r ton of sand a n day ay was vas tested ll yesterday at the tho University of ot Utah Tho The result resul I In is declared to have nave been a pronounced success Each charge of saturated oil al sand Is completed In about an hour and the wind comes conies out clean cean and dr and all of tho the and heavy dry I- I al gasoline VI VIVI I VI LUl 1 cu The Tho new process Is tho the Invention of F. F M. M I. I Gaylord of Salt Lake and Is owned b by Gaylord Galord and ane A. A A. A Brigman also alo of Salt Sat Lake Dr P. P S. S Coke man managing ln director director of the Cedar Butto Buto Oil 01 company which has obtained the rI right ht to the use of tho the process process prO prO- proc proc- ess left last night for tho the company's holdings near White Rok Rocks flocks In the Uintah basin after completing arrangements for forthe forthe the tho Installation of at th the first unit uni of at a Gay Cay lord ord plant This plant will wi bo be capable of handling dandling tons of or sand Band a a da day and other units unis will wi be added a as they are arc re re- re It I Is IB also alo the Intention of the tho company Dr Coke stated to erect a n refinery which with the extraction plant will wi bo he bon hain heIn In n o operation raton before the tho end of tho the pre present pres- pres ent nt year ear The refinery refiner It Is stated will wi employ the tho Improved RIttman Ritman process s and nd will wi be bo Installed under tho slon lon of experts of tho the United States gov- gov NEW YORK CURES CURD CLOSE J. J A. A A Hogle Co South Main treet treet furnish tho the following quotations I received over their a private te wires I Bid 1 Asked Industrials Industrials- Air Reduction 70 SO 80 Aetna Explosives S 8 8 Chevrolet IH 17 Curts Curtis Aero 8 31 Holy common O do preferred d 98 Lako Torpedo 3 Submarine Boat Bont 1 12 13 United Motors 26 6 U. U S. S Steamship 4 4 S 6 Wright Martin Martn ht-Martn 7 j jOis Oils Oils- Ois 7 Barnett 16 13 Wyoming Boston 20 22 Cosden 6 7 Elk El Basin 6 6 Federal Oil 01 2 3 3 3 3 3 Metro Pete 9 16 Merritt Oil 01 18 18 M. M W. W Refining 18 10 Midwest Oil 01 95 97 do preferred B. B I 14 65 68 Okla OkIa Ret Ref 6 GJ 6 Okmulgee ee 8 Sapulpa S S 5 i Sequoyah Sequoah 1 1 16 11 16 1 American Marconi 3 Big Ble Mining Mining- Ledge 1 1 16 11 16 1 United Eastern Easter 4 Butte Bute N. N Y 1 Cal CaL Jeroe Jerome 4 1 1 n. n Caledonia 40 0 1 42 2 I Canada Copper 1 16 11 16 1 1 H Con Consolidated Arizona 1 16 15 l 15 2 Consolidated Copper 6 4 5 Davis lg Da Daly Dah 5 6 S 5 SEmma Emma Copper 3 16 Green Monster 8 16 11 Hecla 6 1 4 Howe Sound 4 4 4 Iron Blossom 7 16 Jerome Verde 16 Kerr Lake 5 5 Magna Copper 35 38 3 Mason Iason Valley Valey Hi 5 f old 4 36 38 new nC 3 3 4 SI 8 2 Ohio Copper 16 15 Ray Hercules S l 4 4 Stewart 4 3 16 Scratch Gravel Grave Y s. s I Success 12 18 Tonopah Extension 1 16 i 1 II United Verde 38 6 Milford Miford Copper 5 1 11 1 Ibert ii 1 15 City Service Servie common do preferred 74 75 I BOSTON STOCK EXCHANGE CLOSE Badger Bros BroR brokers South Main street furnish the quotations received over their private te wires I Bid I Asked 1 25 30 Arts 12 1 12 2 32 Calumet Ads 61 68 Calumet Recta Hecla 32 67 HO Copper Range H 44 H Daly West i 1 4 2 East Et Butte Bute 9 Isle Islo Ro Royale ale 21 21 Island Creek pfd 82 84 Y Indiana 70 90 o Lake Coper 5 S 6 Cover 75 90 O Mohawk GO 60 GO co Mason Muon Valley Valey 1 5 Jh North Butte Bute H Ih Y 14 Pond Creek 18 18 19 1 Santa an t Fe e 1 ii i 1 Sou South th Lake H 1 South Utah i 10 15 Swift Co J 10 Tuolumne 99 United Shoe H 44 45 5 Utah Apex 2 2 16 1 Utah Metals 2 Utah Con 2 2 9 9 United Fruit luit WolverIne 28 8 28 BOSTON CURB Badger Bros brokers 10 South Main tr H. H furnish the tho following quotations received over their private wires I Bid I Asked Bingham Mines 9 10 10 Boston Ely Eh 83 s 8 Butte Buto London 20 25 Cala Calaveras verl 1 2 Chief Con 2 i 16 1 2 Con Copper 2 I Davis Daly 5 57 5 Eglo and Blue Bell Bel 2 2 Majestic 25 28 Nevada Douglas Dougls SO 80 92 New Baltic 90 91 Nev New Cornelia 16 17 Ohio Copper 90 90 United Verde Ext Ext 37 38 Jerome Verdo 60 75 Earle Eagle 3 4 Iron Cap 1 3 17 n 17 17 NEW RUMOR ANENT REXALl COL-REXALl APPEARS Reported Objective of Certain Certain tam tain Interests to Lift a aS S Scalp alp May Have Failed I A perfectly new rumor Is being circulated circulated on the tho Salt Sal Lake Stock exchange c cI to account for Cor the recent drive against I Columbus Columbus The rho rumor listens good and ane If I It j should prove to bo be true some ono one orI or orsome I fome some interests not only have lost out so 0 far CAr as attaining their objective but hut have lost considerable coin of or th tho realm According AccordinG to this latest report certain outsIde Interests became dissatisfied with wih the tile procedure on the part of a certain man and started out to got ct his scalp The start It Is said was Wt made mado when I tho the price prie of at Columbus Columbus was around the dollar dolar mark mark How the tho price was driven down In successive suc sue sta stages e with wih only an occasional I r breathing spell to 54 5 cents Is of recent exchange history and a de description of how tho worm worin turc turned yesterday esterday and I wriggled back to the tile 61 Cl cents has been given n with wih some shorts nursing scorched fingers In addition additon It i Is stated that the tho certain tam tain man mai still tl Is wearing his scalp whore where all al good scalps are aro supposed to be bo worn Aside from Crom th the comeback In Columbu Columbus Rexall there was little hub doing doinG on the tho e C cx- cx than chan c v sti Cot nt n wn wn made I In i er h cor or Iron BIos BIos- s som Tintic StAndard parried the accustomed ac- ac dal daily drive and sold up to NEW YORK LIST Badger Bros 10 Main street the following quotations received over o their private wires I Alaska Gold Ins 00 1 1 1 H Al ka Juneau Oo It 1 I 1 1 Mn Am Beet Sugar Sugar 1000 76 i 75 74 Am Can 2400 41 40 40 Am Car I F 1100 79 77 78 7 An Am Hide it IJ 14 pfd 56 Am Loco 62 61 61 Am n. n 2700 77 71 76 76 Am Sug 99 Am Aln Zinc 13 Am Zinc pf G Anaconda 62 62 62 Atchison GOO 8 84 83 83 Atlantic G W. W 2000 10 BaltO 0 52 Baldwin Loo 7 75 74 7 74 7 1 21 Beth Steel Stee B 73 77 77 Brook n It Transit 38 7 Butte Bute S. S 19 19 19 Corn Prod Cor 36 35 35 California Packers 39 39 39 Can Pacific 1377 Cent Leather 2500 64 6 J 63 63 Cerro Cero de Pasco 30 4 Ches Ohio 1400 57 56 6 66 56 Chic M I St P. P 1400 40 39 39 Chile Chie Copper 9 15 Chino Copper OO 40 O 30 40 0 30 Crucible Steel eel 63 62 63 Cubar Cane 2 29 1 23 28 D R G. G D I G pfd 4 7 Erie Hi 15 14 14 Distillers 51 40 IH 40 Gen Motors 1174 t K Norther Northern p pd 9 11 17 91 G a Northern Oro Oro 00 26 26 26 Greene Cananea 3 39 1 39 40 mt Int Mer Ier Marine 25 23 3 23 mt Int M I M I pM 92 nl 89 9 irit Int Nickel 1000 28 8 28 27 mt Int Paper OO 29 9 28 8 29 i Inspiration 1400 45 5 45 45 5 md Ind Alcohol SOO 13 r 12 Cop 1000 30 30 30 K cI South Southern r. r 16 16 15 Lacka I Steel 76 76 76 Lehigh ale ailey 00 57 i 57 58 Maxwell Maxwel 6 26 2 26 26 6 30 2 1 K T 4 Mo Io 21 21 30 21 11 Mexican Petro 93 9 91 91 91 91 Midvale ale Steel 40 44 44 Nati Nat Lead 54 H 54 4 54 4 N Y Central 1000 69 Nor Western ester OO Nor or 85 55 85 84 Nevada vada Con 1 19 1 19 18 New Haven W 30 29 29 Nati Nat Enamel Enamel- 60 48 47 46 6 Ontario Silver 7 7 71 7 Ohio Cities CItes Gas Gas 2200 37 31 37 37 Pennsylvania 1000 44 H 41 H 44 HP J P Steel Car 60 41 60 59 Pittsburg Coal 52 52 52 Reading 82 19 80 Rep I SteeL 78 78 78 Rock Rok Island 19 19 19 Ray Con 23 22 22 2 Sloss Sheffield 50 GO 50 GO 50 GOSo So Pacific 1200 84 83 83 So Railway 1200 23 22 23 Studebaker 40 38 34 40 Sinclair Oil 01 29 29 27 28 Texas Co 2000 15 12 Tobacco Prods 50 49 9 49 9 Union Pa Pacific U S Rubber 18 54 U S Ste Steel 1 90 89 89 89 do preferred Utah Uth Copper 2400 2 78 78 78 U S Smelting 42 2 do o preferred 4 45 Union 91 Westinghouse 40 40 40 Packers 52 62 52 52 VIs VI's Overland 1100 17 17 17 17 Wabash A 1100 41 4 40 39 Total Total sales Bonds HOLMES STRIKES IT ITRICH I RICH IN HIS HACKBERRY Old Mine in Arizona May Prove Bonanza to Former Salt Sal t Lake Man I I According to reports received In Salt Sal Lake Ikc Gus Holmes who formerly made his homo home In this cli city clr has struck U It much richer than first Indications showed ShOWell In Inthe Inthe the old mine near Kinsman Kingman Ariz us as shown by |