| Show FINANCIAL MINING AND OIL NEWS I Edited by Ira C. C Tichenor HIGHER PRICE FOR COPPER NOW NO IS PREDICTED New Agreement Arranged by Government Expected to Prevent Strikes Ry ny flader Broa Brot rol Private Wire Ncr YOm TOnIC April Apri 2 Inspiration CUPer CUP Cop Copter Co- Co CoI I ter er r la Is reported to av been bought fo for tor Influential and wealthy copper Interests close cose to tho iii high class directorate o of oC this weeks In company during the past few tew week anticipation of oC a a great eat output this year er assured by the pro prospect ct that tat tho new agreement against strikes ar arranged n e by bythe bythe bythe i the government will wJ prevent lus suspensions and Intimations from Irom well informed wel channels cha- cha chanell chan chan- b be substantial re revision re- re nels nell that there thee may a I l- l vision In favor la of higher fixed prices for tor forthe forthe the tha metal met The floating supply of In Inspiration In- In and other porphyry coppers Is ald ardd aid to have MV been bun materially reduced during the tho absorption referred to The property Is Ii regarded as a. a one on of oC the tho beet best and nd has a personnel of oC management not excelled d by any Financial Now News The news new this thle morning calls for tor further few moderate Improvement Improvement- The new nw tax ruling will Improvement continue Ukel likely to work against short abort wn sales ulel and probably outstanding short interest that thatIs present Is thought to exist In stocks clocks like General Gen Oen- I arM eral Electric St St. at Paul ul etc to do some further co covering Car Foundry acted well wel yesterday e n UI Ste did the wr les-wr ler steel Indus Indus- trials Do to not think thin cutting of ot tho to Miami dividend will wl have bae any Influence on the copper group Time money mony yes yea yesterday ye- ye was wac a shade shado easier Those Thos familiar with conditions affecting affect affect- ing Canadian Pacific hav have been advising InC holders holer of the stock atole to sell pJ JI It and buy Union Pacific Their r reasoning Is IB that Union Pacific with wih U Its Ia dividend guaranteed guaranteed guaran guaran- ran ran- teed by the United Stales government will wl find 1 Jf ef f after the tha war In a a. D very position while Canadian Pacific owing to tho the recent order In council counci which sharply hArp limits tho the amount of earnings which tho road rod la is permitted b by tho Dominion Dominion Do Do- minion to retain has hl no such favorable f outlook Whilo minimum prices have 11 0 been fixed fud on many securities In the Canadian stock markets market there Is I. no minimum on stock tok which have havo two m J markets market et Ilko Iko Canadian Cana Cann- Ian dian n Pacific We e look for Irregularity In tho stok k market market with wih conditions favoring th the bulls buls F. F F. F II D. Keech S Co Apparently only the prospect of oC a de defeat defeat delen de- de feat len of or the tho allied cause could produce any I i II volume of oC liquidation In tho the molt market If I stocks toka will wi not pot go down In Inthe Inthe Inthe the tAco faco of oC such a n threat as ns we have had It I seems a natural conclusion that In the tho thelong thelong long run they must mUt go up Hayden Stone Reviewing business conditions National Nation Nation- al 11 City bank U says Bays The general trade ii Is 11 hawing the tho stimulus of oC spring and there thera Is IB a n great teat of or relief over tho passing of or the most moat severe Jovero winter the country has ha known knon In years The chief chie wants scants of the roads rod ar am are for tor locomotives and ad enlarged terminals A. A II It president of or the tho Btu Stude- Stude eber e- e baIer ber Corporation at annual meeting of or stockholders In J Jersey roy I City toy today de declared de- de dared cared that the tho n net t profits In 1 1918 1 may reach rueh vs In In 1917 7 lie He added that unless the government demands requirements caus caused d further upon tipon the plants planta of the te company tho the production pro pro- duclon thin thie year yer would woul total cars and that with the tho la return of peace the output would reach cars car a 0 year At pru present mt 50 60 O per cent of or capacity of plant was devoted to Silting filling government nerds needs C. C A M. M f. f Schwab Beh-b at annual meeting of oC B Bethlehem Steel said steel teel plants now running to o per cwt cent capacity vs s 50 O per perCent percent I cent ent In January Januar Shipbuilding department department depart depart- ment meat at nt ICO lIO 10 per cent cent Plants running as lull n as transportation and transportation trans Is Improving dally daily daly according to Mr 1 Schwab N wa es s NATIONAL A. A A. A.M. I. I M. M E. E MEN WILL ARRIVE TOMORROW Arrangements hay have been completed by committees committee of the Utah section acton of ot the tho American Institute of Mining Engineers Tor for tho the entertainment of or three theco national officials official tomorrow President Kidney J. J J Jennings First Vice Ice President Charles W. W V. V G Goodale Goodal al ann and Secretary Bradley Stoughton will wi reach rech SaltY Salt got L Lake at IU 2 tomoro tomorrow morning morninG from the east They will wi l b be met mot at the d depot pot bv by members of ot the tho u executive cut o of of ot th the Utah Uth section and escorted to tho lintel Hotel Utah The Te visitors visitor vilior will wi he guests of th the local lol mining engineers at nt a dinner In one ono of oC the ie dining engner rooms room roms of ot the Hotel Utah at nt t I o'clock tomorrow evening Walter aler teb will wUl U preside In the absence of ot Chairman C. C W. W V. V and Introduce the tha speakers Including th the national of ot- ot following tho the election electon of or officers by the Utah section There will wi L. L be a I paper by V. V 8 S. 8 nooland l and J. J A. A Jordon entitled d Engineering Problems Encountered t During the Recent Recent Re Re- cent Mine Fire at tho the Utah Uth Apex Mine Une Minet at t Utah This will wl be fol- fol loed ty an address addres b by II H. V V. Winchel who recently returned from fr Russia Rusia on the conditions In that country countr end and r rh- rh t- t by E. E I P. formerly In with ih the We International at nt Dute Butte Dutto flOSTON Badger lur Bros broker broken 1 U South Main etrest tret the tho following lne folo quotation over ou their private wire I Bid Dd I Aa Aaa a Mince 9 10 loton W ely 1 I 1 bier Con Conon on on I I ls la Daly s S I lae a e A Bell I Majestic Jue 4 7 1 Nevada Douglas 10 0 a New cw Baltic 0 lt cw Cw Cornelia ie oin OJo COPP Copper r United V erd E II 11 37 9 T. T I 1 Irmo erde r 2 16 1 a Earle Eagle Eclo 4 Iron Irn Cap Cip 3 I I I Spring Trade e Opening ning Well Wel e C oil e C lions Are A re Very Ye ry Satisfactory S a ac ory f Liberty Issues Are Feature i In business s have conI continued con con- I MO MOVEMENTS Vi mainly In the right direction tion ton with wih te steady y acceleration of or manufacturing and distribution and a I quickening of retail dt demands d under favoring weather eather conditions The development of or spring trade while limited by the various valou war Wr restrictions Is at I and tho the economies economie of t tho the period Nt- Nt In 1 many Instances and In financial man finan n- n cial obligations arc nrc met more mor promptly of d destination des des- AS ns go o forward to points pints f- f with wih less lees les general Interruption It in Ia 81 significant of or tho the skillful management manage manag ment meat I of ot the banking situation that flurries flur nur- rice ries In money rates notwithstanding tho the magnitude of federal requirements eV cv- cv remain absent and there Is I. a t growing gowing disposition to discourage speculative spec spec- excesses In all an quarters says Duns Dun's markot market reI review W. W Official action to regulate tate commodity acton Tt prices Is also aleo widening In Its II scope cop and further downward revisions ore are foreshadowed foreshadowed fore loro- shadowed although advances still predominate pro pre dominate an and there are comparatively ely few tew markets In which sellers are at ot a disadvantage While some somo buyers Continue continue con con- to hold off of as ns far tar as a possible In Inthe Inthe inthe the expectation of ot lower quotations the th difficulty of oC obtaining raw materials and products Is more mora of or a a. brake on new business busi busi- ness ress than any question of or prices pries and Jeu manufacturers manufacturer are re Increasingly reluctant reluctant reluctant tant to accept orders from re regular ular ch channels chan chan- n- n nela nels because of ot the tho great pressure of oC de demands demands de- de mands mande from governmental sources sources With tho the better working conditions tho the recovery cry ery rr In outputs has made appreciable headway but at a many plants full running running run run- ning Is la not yet feasible and the drawback drawbacks drawbacks draw draw- backs back In transportation have by no means menns vanished though accumulations of or freight gradually diminish and more tonnage is Ie isnow isnow now available t for tor oer o'er overseas els shipping Pend Pending In a decision In the tho price question ques ques- tion ton bu business from other than governmental governmental govern govern- o ern mental channels ha hac continued restricted i In n steel and Iron It I Is said that that manufacturers manufacturers manu manu- entered Wednesdays Wednesday's conference confer confer- ence enee with the tho war Industries board bord at nt Washington expecting reductions to bo ho asked on pig pI Iron nod and nomo oro other products prod prod- pro pro- and buyers huyer and sellers ailko are doIng do- do l Ing In og ns as 18 little an as possible while the tho matter mat mat- I ter Is being settled What Shat hat la is generally general hoped for tor or is the tho extension lon of ot tho the new now bas basis whatever It I may prove to bo ho boo over overa a D longer period than three months montha and the tr trade Llo Is arguing strongly for a I i six pi lx months' months arrangement at least les Meanwhile Mean Mean- while the tho fact has ha not been lost sight of ot that activity In certain branches has hns appreciably blY abated and the of or tome pomo hAro spots appearing In tn operating Sit SILVER VER KING CON STOCKHOLDERS GET OFFER Three Shares of Stock at 2 per Share for Each 7 Shares They On Own Stockholders of ot the the- Silver King ICing Consolidated Con Con- have been notified b by the company com corn pany th that they are entitled to subscribe for three shares of oC treasury stock lock for tor each 10 aon n shares In their respective names on March 16 1 last at the tho price of ot 2 per share The subscription privilege e extends tend only to May tay 1 The he new stock was wan WA created by an a amendment to the tho articles of Incorporation tp t ion tion ton adopted January uary 31 and nd the purpose purpose pur pur- td p pose ose of ot the sale said Is to provide for tho the d development of the tha compan company's Thayne's Thanes c canyon anyon territory embracing CO 10 0 per cent o of f Its Is total acreage Tho The capital stock Is II Inca Increased d from froni L to shares The Tho last increase in In- In- In c crease rease made mado In l 1911 1913 U. U was from to tc 7 Tho The now new nw tock dock at that time was wal I t taken aken up quickly by shareholders shareholder f wasI and I h has hIs as since yielded In dividends dividend Th The I l letter etter notifying the tho stockholders of or tho the I a allotment nt says Tho The subscription price of or the tho allotted I s tock stock tok has been gauged b by the tha sum Bum re required required ro- ro q to liquidate the tho obligations tons as ns assumed 1 a umed In purchasing new territory and I t to o open on a lArge largo 1 scale le the mineral re resource re- re s source 1 of or our OUI major holdings We havno hav I no hc hesitancy In expressing our opinion 1 that the tho difference between the price pric i i it stated d and nd the expected market value o of ot r rhe t tho he stock stOk resulting from the proposed d I d development will vIli yield substantial wl a t premium premium pre pre- i it to those who by th their lr tons t furnish the capital for tor the te work Tho The na new territory menton mentioned d In is li th the S Comstock group of 13 1 acres acre which Includes include Include a mill mi shaft ahat and nIl consid considerable considerable erable tonnage e of developed do ore oro Th The principal development contemplated d. d It I Is I. understood i Is the tha completion of oC tho thi Spiro drainage and transportation tunnel tun tun- nel now In more moro than n a 1 mile and pro proceeding at the rate rte of oC fifteen feet tet nt 11 r toward the Comstock am and I Iother other westerly holdings of the company BOSTON STOCK EXCHANGE CLOSE Badger Bros broK brokers r 10 South Main Mair I street furnish tho the following quotations I received over O their private wires I Did Bid I Asked Asked 30 O Aria 12 13 I Z 3 Aria Arb 67 7 ra C k Hel U f CO r U 44 H 44 l l West I 1 2 Ft t Butte Franklin 9 1 C Island Creek do 10 Id I'd 1 11 51 34 6 I. I lake e Copper 4 I Inia Indiana na 15 Mayflower 0 Mohawk c cz 2 Mason alley ale cC t L 4 nut Butte H l 1 Y 7 l 1 ond Creek 1 1 19 Sup SUI Sc 2 2 South Lake 1 I Utah 1 15 Swift Swit Co 1 11 1 Tuolumne Ul United Shoe Sho U 44 10 U 15 Apex cy 2 1 Utah Con 9 th Metals c OGDEN LIVESTOCK April 2 Cattle Cattle Receipts 40 Market steady Choice Coie steer 1100 10 good r feeders den n M 1 choice cows cown and end hel s. helfe-s. heifer OC fair to good Io O canner SSi r 7 6 5 feeder c cows K W veal I calve e cs choice cholo Lulls bulls 1 Hogs Receipts 75 is Market t steady adr Top Tops 16 15 3 bulk ices S SJ-e- SJ Sep p Vo i 1 r lpt 18 Market f steady J i 1 ga V cu SO schedules during the the second quarter Is I not being disregarded That the decline in fn hides hides which had b be been n In progress for a I long tong pero period would continue Indefinitely was not to have been imagined and it 8 em now as ns If It the turning point ha lL LI a s finally naly b been boen n reached While last Ind weeks week's activity In trading quickly subsided and thou though h the markets are Again comparatively quiet the pronounced depression lat lately ly In evidence evi dence ha hM vu vanished and sellers seler eU rs are arc asking askIng ask luk- ing InI moderate advances over recent quotations quo quo- Instead of ot letting buyers bueT name the tho figures But Dut In leather while a a slightly better bolter beter demand from tram footwear manufacturers m is noted tho the yielding of nr prices prIce has hAf not ended and both in bottom bottom bot hot tom torn and nd upp upper r stock stok new commitments develop only at additional concessions Tho The readjustments In this quarter how- how over ocr have not yet jet ct equaled tho downward downward down down- ward revisions revIsion In hides hide and mainly for tor or orthis this reason some somo Int Interests reta consider further fur fur- ther recessions recession In leather Inevitable No definite halting of or the tho rise rico of ot textile textile tex tex- tl tile prices h nan has yet ct been n witnessed I d. d and not a I few tew sellers are aro either cither declining to otter offer supplies n at t any figure or 01 are weighing tenders of new business more o carefully Where here further la largo large o from the government Are aro exp expected many mills mi are arc rejecting civilian orders order altogether altogether alto alto- alo- alo gether ether and th the tho variety arlet of or merchandise available for tor tho the regular trade trado steadily diminishes as aa the war 11 pressure grows in iu producing circles What was rightly considered an nn extraordinary ex |
