Show Mining Nets E pREMIUM N. N GOLD MINES THROUGH BILL Ounce of Gold Is IsNow areS aies are Now Only W l i Nine Nie Dollars Feb reh 23 Tho 3 The man with l Yet actually nf ol s Is now flow ePe the 0 of oC dollar 1 L HO upon ThIS fact I IS I Ih 1 li 11 Thi In a st to I IuS h bt ou N. N LawriC a naU na- na uS bY for or the thela Ill U The Tho purt pur- pur la ot oC C gold Ji O of ol tho ounce Gold t III cannot bring more tte cider fA- fA fAha haP ha Mr Ir fr Lawrio shows slows p 2067 through rOUgh hal inflation of ot curren curren- possible for forB for forto longer It IS U no B Etli pro tably produced The to 10 b national credit has hs of C Ioe power power of or a ah a t J-t rd the purchasing Increasing all commod- commod h al through the thc war pro war upon p theO prices gradually of 11 cent In tolo to I per Ged fr 1 19 Bach Fach increase In n lo II october bY lr a cor- cor Men it LIp bas ba c In commodity tein In placing tlc the resulted ci ad hs an n plane ilane or of lv- lv iv t finds the acI ac- ac Tilt Te gold producer of oC his 1215 ounce or of orIs I Instead power or of 2067 9 Is ii TiO United States are arc l Id mines ines of oC the alarming rate down at an doad bo be reopened theo O can never 7 1 of oC c costs or of ro- ro I g to the and rd prohibitiVe Cripple TiE rn American bUIU the the taking on the tho appearance of oC S b Is dead hopes Great o oi of underground wot WOI kul k k- k oe i monster of ol expensively con con- ul areas area arca whole cities of or homes ted lid plants deserted and thou thousands of or ore ofed being forced to seek ed rf miners are arc PM e because c the old basic basical I cps United States StateS- tary al of or tho the States 01 f longer be produced at a profit I 1 U tie te e In Industry t e manufacturers of or the thc United ej used und more gold bold last lat latr t r than was produced In the thc United tha M. M The Thc gold cold producer lost millions t. t as the year year forced forced to lose lose lose-by by tar r circumstances not easily un- un od by tho the layman man Tho The manu manu- Jeweler made mado millions bce be- be e his goods mounted Int in ML 13 he hO secured the thc gold goad gold at coinage t i of oC per ounce an amount thin tho cost of or production Sev- Sev tin five years tars a aco o th the world produced In Iii gold old per year In Inthe the th world produced cd 16 d In Increase cruse In population Increase tr capita wealth and adoption of ot a 0 of or finance In all al civilized cl tries lit together r with waste and andis is i absorbed the Increasing gold old e gold stock of or tho the United d States d 1 a loss in 13 IDID of 29 Ike h excess gold Jold exports over o er im- im L To further deplete tho gold ohl Tot To- To t the te consumption of gold old in the thed theand ud and d trades during durinG 1919 was 80 H while the production of ot newIs new newin in Is I the e United States and posses- posses YU was but Tho The esti- esti st- st production In l 1920 O is of the gold cold reserve to the thc nl 1 net deposit and note liabilities ual declined since 1914 until ee per c t cej-t t on December December ill 11 a a margin of or but out 68 CS pCr per cent C et u. u tit required by the thc federal reV re- re V ft Law Lau Proponed officials of or the government p persistently endeavored to m mm- mm In Inge ge the te danger dancer of the failure of oC do dope do- do o- o pe gold bold production but bu t leading tierz cler s of tho United States aro are ora or- or orI I dt a campaign to protect the Standard dard The American n Bankers Bankers' Uon In ISIS InS and again in 1919 i W d a resolution a calling attention tie e to the ulon threatening dan- dan t i Toe The Th American Mining congress I 1 L national gold sold conference In mX J last la Xo and this conf cont con- con C. C t of f bank bankers economists and anI r resolution put itself Itsel on recI rec- rec Is I the thc opinion n that no e hould shoud be bo made mado In the tho h 0 gold k rd an and unit or of r value o or mono mono- Sold In ln this and ad other tries but bt LiM requesting Congress to tonn and Under uner nn that solution resolution a n bill will ll be introduced rK In ln Co Congress pose a tax of ot f 60 SO bt or of cents per Pcr penny penn line fine gold sold contained In all allay le It which may ay be bo sold on and al r 1 1 io 1920 from which fund nd tho t cr ot of the to new gold old ounce will I It ounce e on nod nd after the thc wi same date ato a n d cost rost to compensate for or tho the Ind In- In ot of This Is ls the th I yet t advanced ul d whereby moni tur go rold d unit In 11 Is not altered alered and a n the United be States b maintained Tho The bm bill tl the bi merely machinery by b by which the tho ot of gold In o nay the tho arts ant and prOperly pay tho the cost ot or its eton 80 that Is be b produced that sufficient ne new gold gola to their rement re- re ment and make It U fw their thelt mako unnecessary sary to sold gold from rom the of oC the country monetary I Market Is Helping Anaconda Co t tIe He eb Mont Lilt 11 of se ore from ji the Emma COpper mining com com- It r A Zinc mine or of the Butte A nUlo company to the for for- or- or Plant lant at Great lot Is ble Ie expected to afford aCord conIe con con- revenue both to Anaconda Ce Copp Copper 4 a at the Zinc man Fero-man man Ferro 40 t Per er ton present with the tho time Is selling or of good nt tO tons hout are wery Overy twenty twenty- ac being tWo ma made e and from cc e ton to an of lf tons tone o or of Emma Emia or of ferro I is had or fOlt forty lony daly e upended expended in of a ferro 50 00 the ft at fero smelting plant ls durIng the War when rid 14 cUon oC Promoting reqUested It an to t Increased do what wha I U manganese J Conclusion i C a arid arc sUSpenSion o or op- op i Anaconda li 1000 Anaconda Z ton tons of oC forte found itself I f a a collapse 0 01 or thc tho on in hand band manganese In ln tl tho r With of the man manganese t th fe erro COnsequent plant to I Is a Source or of f. f local Officials or of the e e o or of e ore ou out at tho than a Emma 1 In cai Ca b L fou Cound In an any ta t. t th tho kno no States 1 States nl anti i Per r cent Ca' Ca Content e of r r 7 a a only 6 I Per r celI tho emma ore bOdy sv was Width Emma mine which now of f f herl 17 feet feet Anaconda With from tho t ii e Emma to 0 old l d OPhir Underground work work- ork in mine ne 1 I J lI Oll Orth Tex Tx b. b Or 1 j eth Worth Denver etIng City elty rail rail- i Ice ral- ral today tOda and I. I F. F E. E John general man A HUlen or of Houston Ita o r that Ita toa road Vally and s linc a branch lold n or sy Chica o of 0 Was th the Denver Den cl I p 0 pI I Latest l Market Quotations I Io o 0 1 0 c I LIVE IVE CK OCD Feb Jo M. M SU 4 choice fat at lio ho s. s Jj to tn ISO ze r rewind 1 bulk of or cat II mO J. J feeders rm ceder 11 1 0 choice heavy strew steers JOO filla rood good od steers steer f fair lr Ir stem steers feeler feeder steer rl tt Jo choice cows coWs and nd O fair Clr to cows and cutters C can can- II HITS ners U. U choice feeder ferer cows cows OO fat ra hulls build bull h bologna looD bulls bull bull WoO cal i-cal I no lecell n cloice limbs lambs J 1500 O fat at c ewes HO SW feeder Jambs JO 10 S KANSAS S 'S CITY CITY 23 States Bureau o of or Markets oco unevenly steady to o lie lower lh thin than n Fridays Friday's average bulk heavies 13 medium medium W lights Jin JE CO pac packing In pl Cd Cattle I 1 steady shady to lo weak nell heavy p beef beer steers steer anti ami prime medium and aol rood od Ill 1 1350 common S. S 4 I light aD and choice U. U i common and medium butcher r cattle t r. r ton rows 6 U. U canners cutters sai veal calves 1100 feeder steers f stocker steers steen 10 Sheep Sheep Receipt Receipts steady to lo e c lambs Iambi 7 10 IO cul culls cull and common 17 M r yearling an wether 1500 19 00 ewe ewes wu nO iO 0 culls culs and nd common J 11 0 br breeding cw 1 owes ewes S S. S O 1100 HO feeder lambs 1 ST ST. Feb flo n Floss Rece lower o Top 10 bulk 13 13 Cattle ReceIpts Cattle 60 lower Steers Steer 90 HW 14 cows CWI and betters 5 60 cp 70 11 ber Lambs nj COM 2010 lO ewes OMAHA n. n Feb United States Bureau of nt or Markets 10 Hoffs s 1 cp 1000 r market maket lOc laC to tor r lower Top Tor 1425 bulk bulI bull heavy 85 medium wel weight bt 10 14 JUI 00 weight 13 1 heavy packing S sows smooth 2 sows sews Sl HO 1100 C TW killing classes Mow mostly le to Sc lower Feeders steady beef tet I ISleN steers SleN steers medium and hC heavy tY weight Clo Choice Rn and prime 13 1 medium anti nud good I 1315 Jr common tOS l light ht weight I and choice common ODd and nl t medium U I r l butcher r cattle heifers helferS cw cows 6 canners and n cut cutters rt s. s 6 62 Teal real calves che fU light hil an and I handy bandy weight ht 1 16 1600 M feeder terrer steers stee H. H stocker stoker steers steers 16 Sheep Receipts 0 Y 1 market C to tl Me Plc lower limbs I lAmbs 84 SI rounds pounds down 00 O culls culs and mc common 1500 liC lT 1723 ewes medium and choice culls cull and aDd common LT I I Hois L 1011 1 1 lOe IDe to lS ISe lower Ion Hulk Bulk Dult top 1475 bea y medium 1400 14 W l t I I l nL SlL pUi heavy heary juick- juick in ID sows cows tHi smooth U 1 packing sows sow rough routh P Pt pUr fl 2314 J M. M Cuttle Receipts C slow flow Ilow Steady cadT to Z lower Beef Deer strew and beaTy 1 weight choice and prime medium and good Iod i 23 light weight good 00 and choice 60 15 25 common anti and me me- mI Ilum ilium butcher cattle betters J 1 1250 cows jeCO G. G l. l canners anti and cutters as eal Il en his JIS IS S fc feMer tetra steers i CO stocker steers 6 Sheep Sheep Kc lpt 00 weak I Lambs Lamb's S 54 down Iown culls cull and common I om-n om medium good od od and Ind choice U. U 50 culls cull anti and common 6 I 0 D l U l ui SALT S. I JUF Feb reb 23 I. dairy pro pany tany Quotations furnished l by lT Mutual Creamery cow com w Case CAC Lots 18 resh I c extra t creamery butter In cub cubes c Cl extra creamery hut butter r lu iii cartons 6 Fresh firsts creamery butter parchment prints trl uter CO C CO first NL creamery butter In cartons cartons COIl J Cooking butter hutter lUr 0 lh tubs tuba 4 45 t eggs fresh 40 40 cream cheese triplets t Voun Young nl America SO wl nI 43 Cream II brick 37 7 KANSAS CITY Fob Feb 23 Creamery extras L K De c 1111 firsts seconds packing Ic Ie higher iCe ls Firsts lower Me COc e case lots SU lower Poultry ln llen liens Ic Jc higher others other unchanged roosters 1 CIc Ie broilers broiler c. c In lOlON no J. J O Feb Ih Ihna 23 na nir Bluer S Sd r per ounce Money roney 4 Hi per cent Discount rates Short bi blue bills j 5 I cr er r cent rr three month blue bills H 16 13 pr fr cent Dt Copper Jl J 12 It 6 64 6 1 electrolytic 1 lS tn tin HO Gs Ga lead 32 6 68 zinc sine JG 61 CHAIN finUS Feb 23 Floar Flou Flour Unchanged Barley Darer 1 II 15 rC rC o. o. o 2 l lm Bran Iiran Cerro le de Pasco Copper Interested in Smelter Boston Fob Feb 23 erro Cerro Cerro de le Pasco Copper Copper Cop Cop- per corporation through an investment investment invest invest- t- t ment of or In the American Metal company has secured for Itself a a direct Interest in a copper refinery This should be bo of or material benefit in the fixing of or refining rates In the near future Its Is present refining and selling contract contract contract con con- tract with the A American merl an Smelting Refining company compan will wl it is understood under under- stood expire shortly It I Is Js an open se secret secret se- se cret that on prewar contracts there has be been on no profit for the refining companies companies com corn except during d the period when hen schedules were temporarily abandoned and tho the government fixed metal prices at a a level permitting of or higher hAher tariffs to t custom smelters and refineries The Chrome refinery formerly owned by jy the tIlo United States Smelting company compan compa compa- n ny my has been leen taken over by the the- American Amen Ameri can cn Metal company compan It I has a 0 copper copper capal capacity of or about pounds per er annum Cerro Corro do de Pasco has ambitious am am- plans for Its own future which call for a now smelter and greatly grety enlarged en enlarged en- en productive e capacity Sonic Some Trade Balances Against United States Washington Fob Feb 23 ThIlo S While the net trade trado balance c In favor or of the United States in 1919 19 was 4 a number of oC South American Amerian nn and far fr eastern countries held balances against this country countr of or says sn's tho the annual report today toda of the federal re reserve reserve re- re serve board In stainIng naming the countries cO to which extension of or credit will wil not be necessary for tor the continuance of or foreign for for- eign commerce The rho boards board's analysis shows that imports im Jm- ports from tho the British East Enst Indies for tho exceeded by year ear exports lY Cuba Culm was WS next with and Brazil Brazi followed with a favorable I balance of or Chinas China's balance balance balance bal bal- balI I ance was an and Japan with wih I sl slightly Argentina's Argentinas Argen tinas tina's total of or 00 Chile Chlo has hs a I balance balanco of or i These countries the report says Bays In general general are aro In a po position to pay for goods bought from tile the United States either cither through h exports or l by the shipment shipment ship ship- ment meat of go gold l Yellow Pine Mining I Issues Annual Report Yellow Pino Mining company report report for for the year ended December 51 ii a. 1919 shows ShO that net operating profits Corthe for Cor forthe or orthe the y year r were 78 n. n After 1 aside U 68 for depreciation anti and de depletion elc- elc fiction tho the net subject to federal federl In Income Income Income In- In come and profit tax amounts amount to 52 During the tho year 16 1642 foot foet of or development development de tie- work worl was accomplished and aud 1 7 tons of or crude crudo oro ore and concentrates concentrates concen concen- shipped Notwithstanding tile the adverse operating conditions throughout through through- h- h 1 out the year ear mining minInG costs show an In Increase In- In creaso crease of or not more titan than 20 cents cents per 1 I ton while milling costs were about 1 I Per ton hl higher than they w were ro during durinG the tho preceding year Manager Kirk I states stales While t there were no new oro ore I I bodies opened during tho the year eur the tho winz sunk from torn the Iho OO level to ho tho foot 1000 level is In ill highly mineralized ground som of or which hight contains contain Vel very good oro ore an and the possibilities of fInd fInd- I Inc na a 1 new oro ore bod body hero are uro excellent Tho tonnage In sight Is much greater creater than It was one year car ago aho I CALL CAL M MANAGER JAGER TO IOWA FOR MINING DEAl DE DESalt I Salt Lake Men Ater After Interest in ill Iowa Copper Property Sn So Special l l. l Park City Inch Feb 23 For For 3 For some weeks ocels V there havo have been efforts made by tho the members of or the tho local board of oC dunce dunce- director directors V tons tors tor to have the tho e eastern sl-rn sl members of or ortho V tho the board who aro also tho the heaviest stockholders in the the- coman company consider V a proposition made by pro Salt Sal V Lako mining men to lo secure a big bH block of the tho Iowa Iown Cop Copper r treasury stock forthe for tho the purpose of equipping tho the mine with necessary pumping pumping apparatus and to intelligently and vigorously prosecute developments with tho idea Idea of or opening up tho the ore orA bodies that havo have been exposed cx- cx posed in different parts of or tho the workIngs work work- In Ings s. s and ad making of or tho the Iowa Copper opper a regular producer For some Bomo reason tho the easterners have hare been slow to respond to tho the discouragement of tho the interested ones at |