Show 3 il of West Finance Finan e. e Grain Grain Wining mining J Quotations is Leading Leading J Daily m r Page the tLe II ad Live LIveStock Stock t REVEE REVENUE P AND AN DIVIDENDS DIVIDES Gives Illustration Illus Illus- Smoot enato- enato natO of Proper Deduction Del De- De r l lUCtiOn r r t to th the complex matter mailer of or I Idral 1 i taxation of ot dividends l s and goods gools der dral derI X A. crl of or McLaren Goo Goode e Co pager or of salt Sl Lake says saya In a a letter to toe toa e a Jerald be of or orD the thC following ma may C. C think D Interest to lo man many of or your our ader arl EI Eisner ner collector of or internal I park for tor forthe thol Third Now oW York ori dis dis- nue venue i v attention to some of or In calling Id lt caUn In in the revenue ue act parte echanes rc en touched o upon stock dividends lar things said sald I other other ion nd received dividend end that was A tocK stock and aid 1 r between January I y taxpayer t r I A 2 1 1918 1916 both dates inclusive e received cd subsequent to toT r which 35 30 O InS 18 and ant n 1 within I T 0 I the passage o of tho revenue rO i ts 3 but after which durl during Tg the tho period be bc- III I 1 en January I 1 1918 and November was declared d by such corpora corpora- I and entered on the tho books i is t tax tax- I Ion ble to S the stockholders recel ln receiving such uch at tho the rates in existence for when the surplus from which he ha years tock stock dividend was paid was as ac- ac be h e such dl dividend as S In the case under the tho act of October iUn f deemed to havo been paid rom toni rom the most recently accumulated nines te or surplus However under kho ho ID e decision of oC the supreme court in iii ino 10 o 0 cuo of or Town n vs Eisner Elsner and o of or tho the in the case of or McComber Eisner it I Is likely that stock will e er r legally be taxable I yen ven though the thc acts aels of Congress may include them as 35 subjects of oC taxation V With regard to section 20 b 1 bleh Wih treats resart with Inventories the he fol- fol 1 owing illustration given b by S Senator I moot in the Senate Intel lately is cr very in interesting in in- I u II if the market value alue of or a corpora corpora- Ions Ion's inventory In of goods on December ber 1 1191 I 1918 was cas valued at and andie I he be ie in inventory remained unchanged ed on 31 Zi 1919 although the maret maret mar- mar et value of oC same had fallen talen to he taxpayer would be Judged Judged to ha have haveL 0 L offered a loss of or and would be tal t file fie an amen amended ed return or r thus bringing the loss 1058 in- in under the InS tariff A AR BABY Will BE INVESTIGATED INVESTIGATE SOON y 1 Skies of the Tar nb Daby flaby seem overcast O with threatening clouds are arc ac said Il to portend the possible O of oC the tho old ol management A stockholders protective committee It ItUs Ith Us h 45 declared is being lined Jnet up and some Investigation are arc scheduled fur for the linear near future 3 Tho The property properly Is k located In South Fork For ot of Big Biff BIJ Cottonwood district an and Is nol not liar far fr from tho the Cardiff Work ore has hag been going on ever since the Iho th days a R seven or years ears ago O when Sam Fam was secretary tary with offices in the Atlas Atas block on Second South Eighteen a as- as have been levied lo since that time There e have hae been four of or 1 cent etch In the last year ear The sale date atc ot of the last will wi b be March 31 l and arid U it i Is Ig Dinted hinted that thai there will I be bo something doing before that date atc l Reported 50 Barrel I 4 i Oil Oi If Well ITell el fl Near ear Moab 11 1 Accuracy of the following folioing wire Is here hero In Salt Sail Sal Lake Lale where here il it i I 1 8 known know that the well wel referred to lo has Jut been well cl started and It I has not I had bad time to lo reach what was expected 2 to be b the depth of oC the lie pay PW san sands s. s However the report is given for what whal It U Is Iz I worth a aK H follows taken taleen from a Denver Journal JLander W Wyo o Feb 24 4 A A received the Iho first of or the Iho week from fromal lat al t Levi S says S 'S he be ha has struck a 50 60 oil 01 well wel where he lie has hns been drillI drilling drill drill- I ing on wildcat territory near Moab Utah blab Fro From Fot 1 nil accounts account It Is believed at this Hits is the first commercial disCOVery dis- dis covery err of oC oil 01 In that thai tate state and Mr L rl L 1 vl is Iz beIng congratulated as the pioneer In the new nev field feld where ho put 11 In n two rigs last fall fal Tote j and Personals I James A. A Hogle manager Or of f J. J A A. A 1010 fc Co local stock brokers has returned from Crom California where he Spent pent about a month tal taking ln a nee needed e FB rest rel Soon after aCer his departure from Salt Salt i T Lake Mr Ir Hoffle Hogle was elected president dent of the Salt Sal Lake Stock Mining exchange Ed i C c. C Davies Da well vell wel known local brok- brok cr Cr wi h as s ehan Changed cd his offices to 69 S. S Main Maln M street Mr Mr- Ir avles Is 15 ono one ont of oC the br brokers kers connected with the ox- ox chang r For r years rears ho he wu was with V. W. II IT Child Cid Co Co- CoKor For Kor fl J t while he was manager manger mantho man- man ager ger or of the tho I o firm of Davies Owen Weller Now ow 7 lie he Is z going ns ll It alone fv P P. general l vi or at the e Western Utah Copper came In hi day Iron froni rom Deep Deop Creek lie le Is on hl t wa way y cast east to co confer with wih directors of oft the iS lIe fair Calr at t the lo reports repots progress ne new tungsten mill 11 StOckholders or of the Bullion Beck eck Campion on Mining company hold their regol annul annual meeting yesterday lales p 0 or c copper PP r as low as 11 cents a at t In wires from tho east es Crt ay Bids were 1 11 HI- HI ii with 1 cents asked l. l Dig IK DIJ concerns arc now Offering coPP COPPer r at i if Hi cents b The four r will hold their dividend n i wi 4 meetings next Thursday V Mines S 8 Se S-Se Bohemia Bohemia SO ii-SO alnas 11 I-H. I Butte Dute London 11 1 lb Chief Cogis 3 C COlS Cone 1 Copper COPfer t Crown Croz ne neS 53 Het S 1 Dv Daly H i- i G. Bino Del Bell O 31 Majestic lS- lS Oj O. O j DOU Douglas ll 20 O- O 3 New Baltic i- i 40 New cw l i lali Ohio Copper 0 1 3 35 2 5 O. O V Verde ix lx Jerome Verde Hue 1111 ean 8 8 Karl Burl Eagle Eagle 3 t QUIET DAY DAYON MON AON MINE MIE EXCHANGE Drops Out o of Sight Silver Siver King Is Only One Up I Business on the tho local mining e exchange ex cx- chan change e yesterday totaled shares valued at This is compared with the opening day a last week weck Usually however a brisk week Is followed fol follOwed fol lowed b by rather quietness so o th the tho present pres pres- ent is no exception The eastern markets markets mar mar- continued to hold holt their own pret pretty well veil wel with wih no 10 unusual fluctuations s showing yest yesterday rd especially in the mining raining issues In yesterdays yesterday's s local tr ln trading Silver er 1 King reached a high of or U. U 15 and closed wt cosed at at lH on sales fales of or 1000 shares lus the feature of the past three weeks s fal failed d to even cn record a a sale In the first call cal In n the last only onh shares ex exI exchanged ex- ex changed hands and this thiN at the recent I low of or to 6 64 6 cents Tho rho spirit seems I to have suddenly all al gone one out of ot it Standard sold SOO SOt shares near noar 3 and Walker was as at the tho same same price Silver ier disposed of oC 3 O around 16 Lily Liy soul sold as low n gt na 19 cents The Tho closing closing quotations yesterday antI and ant sales were officially reported a as follos follows follows fol fol- lows s I JIb Bid d I Ask Gk Alta Alia Michigan t 5 01 1 02 02 OC Antelope J Star tar 1 1 j I 01 Alta Consolidated 1 26 6 I s sAU IAla AU Alta Alti Tiger j I 01 Albion j 1 05 05 I 01 Am Con Copper O I 04 Alta Ala Tunnel 06 06 I Alta 0 O 11 O 02 Bullion Bulion 1 Bole OO 00 Amalgamated 14 04 j I Ot Big g I lull Hill 1 I 03 o 1 04 il n Big Cottonwood I j 1 j OO 00 1 Beaver lea er Copper j j OO Ba Bay State 1 I Central Eureka 1 j U 0 I Cedar Talisman 01 I 01 OH Columbus 1 j 20 0 0 I j 31 l 1 Colorado Consolidated 1 j 09 1 10 Crown Point 1 j I U U Ur Ca Cardiff rd I 1 I 1 IDO I I U 0 Croft Croff r 01 I oa Cottonwood Kin King Oo OOij 1 OI oi Daly Dalr 17 00 Dragon i 14 1 1 1 22 Dragon demijohn Consol Consolidated I 01 Mules ls ll I 1 15 I j 20 O Ol l Empire Copper I 1 j 40 10 j 1 50 0 Eastern Prince j I 01 E. E 0 II Bell Lel I I 2625 G 1 Emerald In B e ra I j 1 I Mines lne j 07 Oi O 09 1 J mla Copper I 1 IJ I 02 Earl arl Eagle Eale U 02 I. I I. I R 1 1 C C. C CO 1 own Point j 01 1 O 02 ga East Cast t Tintic Con 1 I 11 1 I 1 12 East ast Antelope j i j 01 oi Eureka Bullion Bulon 1 j I Oi 07 1 08 Eureka l Lily I I oia nain 1 u o I iu Grand Central 0 1 I j 47 50 GO Great Western estern OH 01 1 06 howell IJ 1 10 Ionic home Hun Tun 01 Iron Tron ron Blossom 1 j 47 1 7 j 19 49 Indian Queen 1 OO 00 01 1 iron ron King 1 Ku j 1 lS S Judge M. M I. I S. S S.- S. 45 I. I Lehi 1 Leonora t 02 OZ j I Oa 1 1 j 02 Mammoth I 60 s J Miller ller III Hi 7 1 1 03 j I. I 05 Ol I May ay Day D. a r u U. U I u v. v 1 Mineral Flat U I 05 Moscow rosco j I 30 10 U Utah Michigan an 10 io I 11 1 New cw Quincy I 05 OHI 03 j 20 O a Neva a 1 I OO I 01 I O. O J K Silver o 01 01 I oi Original Bannock 1 0 05 Ohio Copper 1 j 41 i 5 Purk Park Cl City Mines 1 25 5 i Bristol 1 I 02 O p s 1 Cl tl I I 65 Prince Consol Consolidated ate 1 I 36 j I. I Paloma Ploma 1 j I I U Price Mining 1 j 0 OJ 02 I 03 Pro Provo 0 oc 0 G l' l os 06 Hico Ar Argentine entre 1 o 0 na need Heeds Peak 1 I V 02 03 1 U Hico Wellington O I 1 12 12 Mines Unes I I I 33 25 South Hta Standard 1 j 0 03 05 j I 10 iu Sells Sels 1 1 o Syndicate j OOij ou Sliver Silver Siver King ICing Coalition 1 j 1 11 15 j I 1 1176 Sliver Silver King iCing Con Sioux Consol Consolidated 1 0 03 I 04 Swansea Consol Consolidated 1 0 02 South iyo Silver Si er Shield 1 2 25 South Hecla lecla E Ext I o 03 I O 03 os South th O Iron nos Blossom 1 16 lb b Tar Baby l 1 O OH Tintic Central 1 03 I O Tintic Tinte Standard 1 00 I tl Drain Drin Tunnel 01 United Tintic 1 03 06 Un Uncle c e Sa Sam I 02 o 0 I 0 i Utah Consol Consolidated 1 o 0 I O Union Chief Chic 1 03 0 VI 01 Victor Consolidated I 1 0 03 I. I Whirlwind 1 i 01 ll I. I Wilbert Ibert 1 i o 1 o Oi West cst Toledo 1 i 03 I 0 03 Walker Mining 1 i O OI Woodlawn u I 30 Yankee Consolidated II i I OS I IJ Zuma 1 I 10 II I 11 OPI OPENING SALES Eureka LI Lily Llly 1000 1000 at Oc OO at Iron hon Blossom Blossom at Hc Iron I King at Sc May Maj 3 Dl Day lay at nt Sic nc at c. c Syndicate at Jo c. c 4 Silver Kilt King 1 Coalition at 5 1 10 at 12 00 at 10 Silver Iver King Eing Con lO HiO at 66 at t Tintic Standard Standard ar GOG COO at 3 00 00 at Ob Uncle Sam Sam 1000 1000 at c. c Walker HiO ICO at 3 at pO Xuma Zuma at lie lc CLOSING SALES L S SAHa Alta AHa Tunnel Tunnel 2000 Tunnel Tunnel-IIO 2000 at 6 ic c 1000 at Ge Emma Emma Con 2001 2000 at c. c J East ut Tintic Con 1000 1000 at l C. C Eureka Lily at al lc 1000 boo at Eureka Burela Bullion 1000 1000 1000 at c. c 2000 at Sc 0 Lehi Iehl 2000 2000 at t lc J at al c. c Little Litte Bell Hel at Jc Mineral Flat Flat at e. e New Nc C 1000 at Sic 1000 at Sic Sc Put GOo GOO at al tc at Provo at Gc o l c. c buyer sixty days dars 1000 at 6 L. L Sliver Silver King ICing at 11 Silver King Con at io Tar Baby Baby 1000 lab 1000 at Ic te Tintic Central Central 1000 1000 at It ic c. c Tintic Standard Standard Standard-il l 11 at 3 Whirlwind 2000 2000 at Ic lc Ilber 2000 2000 at lc Silver King Con at S Total sales 11 shares Selling value alue 4 4 4 IT 5 4 44 t- t Silver ounce OH 4 44 f 4 Lead pound 0 f s ft t 4 Copper 1 IG is 4 I 1 f 4 f 4 Zinc East Last St St. Louis Jouis lb 11 0 2 4 t 4 t I PARK P AR CITY CI IS PUSHING WORK VORK WOR Future Future Fu Fu- Iowa Iova Coppers Copper's Bright ture Silver Siver King Starts Leasing Conditions are arc indeed very VCr promising promIsinG at the Iowa Copp Copper r. r Word Vord from Manager Man Man- ager Dave e Da Scott tO today I Is to the effect that from rom he is hi close cose to the tho contact In the drift from the bottom bottom bot bot- tom torn of the shaft shaft says pays R the Park ParI ParICity City of or Record Tho The past week hunches h grade ore have hao b been en encountered grade arid and it seems a certainty that a a bi big ore body I is not far off oC Scott Hill Hil is destined to attract wide I e attention In Inthe Inthe Inthe I the mining world worM and the tle l c Iowa Copper is the property t that lt is going oln to prove pro the mineral richness of or that section ecton Ore is being raised d dally daily from the In Incline In- In dine cline but the drift Is where sensational ore ore finds are arc expected Just Jut as a re reminder re- re minder keep your OUI e eye CYC c on Oil th the IO Iowa Copper Mr 11 Scott reports about six feet of or snow at it the t-ho lt mine I Lafayette Hanchet the directing manager and consulting engineer of th the Silver King King Coalition Mines Minos company com corn pany after a weeks week stay ta at atthe the time property prop prop- left Wednesday afternoon for Salt I erty em lef Sui Lake he e gentleman spent consider considerable able of his time inspecting the tho various arous workings There are Mg big things contemplated contemplated contemplated con con- for Cor this property and things s swi will wi be stirring there thero before man many weeks It I Is understood arrangements are now under tinder undera a way to block off tho the upper workings for the tho purpose of or leasing which will wi mean a aery very ery material material material ma ma- Increase In the number of or men employed and will vill wil result In development develop develop- eop de ment that promises a big big Increase In tonnage and bl big profits for the leasers as well wel as ns for Cor the company There will willbe willbo wil b bo be great reat mining activity In Park Cit City during 1919 Supt Supt Walter B n Cole of oC the New Quincy was a visitor to Salt Salt- Lake on I matters maters concerning to this property From reports fr from m the Three Kings I Itoda toda today con conditions at tho the property are are very 01 promising with Ith good ore in th the face C C. I I. I I. I Rood flood of the tho cam canio up from Salt Sal Lake Wednesday to visit and Inspect the property He lIe reported conditions con con- on- on of or a decidedly encouraging character and was surprised at the Im Improvement Im- Im provement of or the he ore oro showings ings since his hia last visit and confirms the report given hen the tho in last weeks week's Rec Hec- ord With Mr FI Fisher Mr Ir Rood food thinks the er is now a mine and that the development de of or the time next few tv weeks wil will prove pro o it i. i A noticeable improvement improvement improve improve- m ment nt in the price prie of stock on tIme the Salt Sal I Bake ke exchange c Is IR noticed General Manager lana Pt Solon Spiro piro and Treasurer Chipman of the time Silver Sier King Consolidated came camo up p from Salt Sal Lake Wednesday morning and visited tho the Spiro tunnel ani mill mi an and workings of or the tho com company pan The h entire plant Is in A l 1 condition and most satisfactory re results re- re stilts ae arc being obtained Great things s sarc arc planned for the tho company for carl early spring and summer and Manager Spiro was sas n never ner er more moro optimistic of oC future futuro earnings than he lie Is at present iw YOI CURIl CLOSE Austin Amax 16 1 Aetna 92 1 n Atlas Atas IC 19 l Dig Big Ledge dg S. jj-S. Bulte ute N. N Y 1 l- l S-J. S Butte u te Del Det Del 1 4 Canada Copper CopperI 1 I 15 2 16 1 Con Arizona 1 U. Con Copper Coppel Mines Mimics 0 G Canada Car 32 27 i 3 Cosden 7 S Caledonia 29 31 9 1 Cal Gal Jerome Jeromo Jeromo Jer- |