Show I FINANCE I INDUSTRIAL IN AND MINING OIL AL STOCKS FR FROM QUOTATIONS OF T WORLD MARKETS rS BONDS U MINUTE UP-TO-MINUTE NEWS ALL THE FROM MINE MINES I I I I II n n num-im num 1111 COPPER TAX CASES NEAR SETTLEMENT Most lost Large Producers Have Reached Agreement With i l Government Washington ton April i 14 Collections H.-Collections Collections of ot copper have ha UVO so far progressed d that thal most of oC the th companies can show a clean eean bill of health according to officials of bi the Income tax division of oC tho the tr treasury department A few cases laCS remain aun to ho adjusted for 1917 while the work of or auditing for or is making makin mak mak- S in ing good headway The main feature of contention n has been allowance for depletion depiction The po position po T. T taken b by tho Income tax officials off off- Is LS that thal the tIie they are arc merely administering adminis tho law Jaw and consequently cannot cannot can can- not tako lako up questions of the tho u tC of oC Its requirements Points at issue with them th therefore have been limited urn lim Jm wih Itel to Investigations b by their e ex experts ex hero the figures furnished by bynn nn any Kny of or the the companies have presented apparent discrepancies or tons Under the tho rulings of oC the tle supreme court tho the basis of or valuations Is that of oC March arch 1 1913 on properties acquired acquired ac ac- ac prior to that date As Al the tho law now stands th the depletion allow allow- allowance low ance per unit of or ore oro taken out of the ground during Uie taxation year rear Is te arrived ed at b by dividing tho the total units unis of 1 ore are estimated to bo be In the tle ground 1 into the total valuation As a result I S tie tho the actual allowance per er unit mn may differ lit dif fer with different properties without ih Involving al any Injustice In the respective lf-I lf officials view oases eases as th the treasury the tho matter Some mn may be granted ranted a depletion allowance of say sa 3 cents per uni unit and others 10 O 0 cents and both oth be ho Justifiable To this position representatives representatives rep rep- re es of o the copper interests hue have taken exception Officials of the government go decline collected collected col col- col- col to 10 SI give out figures on amounts In Income taxes from the various arious copper properties a as well wel ns na tho the depletion de do- e. e allowances granted anted in tn Individual ual cases It It Is known knon however howe that many companies have been cl called d upon Ian indicated indi to pa pay more than tho amounts In their returns and that thal In Inome some ome Instances the added taxes have havel l c n greater r than the amounts originally secure less naU nally collected Efforts to onerous taxation through a remedyIng remedy remedy- In lag Ing of oC methods considered wrong In principle are being continued Tho The needs of oC the government go for revenue rc e meet Its enormous obligations continue con con- to Lo also alpo 18 and this more than anything else reduces the thc likelihood o of success suc UC- UC cess in lifting tho the burdens COPPER SALES SHO SHOW 1111 IMPROVEMENT PROf T Two o blocks blocks' of or copper were sold sod soh in tn NewS York rork last week at at 1 3 cents per No tonnage tonnage ton ton- jund Immediate del delivery 0 na nage e was staled stated but the sales in involved In- In several million milon pounds pounds One selling agencies of the ue four largest larlest refused a hid of at 20 cents per pound for copper n to l he be c delivered over o the next three months and refused reused to do business tuce on current quotations or I spot slot metal says sas the Boston News Bu Bu- reau I Tu since tho the inception of or tho the present present buying buln movement mO March arch 1 ono one of or tho lar largest producers producer estimates total I I sales of or copper amount to pounds pound pounds The brass manufacturers who ho have been living on a day to day basis as regards s copper supplies have en entered en- en toted the market and are buying largo large tonnages tonna e with little or no dickering over cr the price By Dy the middle of or April i tho price Is expected 4 to bo ho le above 20 0 0 cents per pound Ne Negotiations have o been virtually completed for the sale to France Franc of a large arge amount of copper antI and early an announcement announcement an- an age should be made mar It It has iia for months that hat been leen known some fome France Iranee needed pounds or or of copper right away aW with wih a of oC near nearly asi as at much more Contrary to popular opinion French credit is re- re carded very very ver highly by copper sellers eJ rs In New e York and one ono big bl agent says gays if I credit details should go 0 awry WT In the thela thelast la last l stage he would be bo willing to finance tin fin tn- tn ance anca sales taJes to Franco so 0 o faras faras far as ho he hp W was able alle tn to do 10 so 01 A lar largo I banking house with wih lIon connections onn iti ht sl said to be le arrn- arrn arranging i ing- ing In Int the financing details 0 0 1 1 TICKER NEWS 1 O By Jy The Harold R. R n Smoot Co Wire C C New ew York April 11 mur cm Tobacco To To- C bacco laveo declared 73 75 5 per pcr cent lock dividend divi lend on common tock Bros dIVI 1 Regular quarterly dividend dl 2 Woolworth Woolworth Wool worth 0 payable June Junc 1 1 stock May 1 I. I International Harvester denies any decision deci lon ha has been he en reached regarding re a a. astock stock tock dividend Dow Dow Jones Jonc Co The rho rumors rumor persist that that Steel teel will wil declare an extra extra dividend at al the meeting meeting meet meet- I ing late lato this month Dow Jones Jonca C Co 1 Washington IL It was reported that thal the the cabinet discussed a plan Ilan for or Im Immediate un- un mediate Increase In wages for or r railroad workers to end labor troubles troubles Dow Dow Jones Co Punta Allegra Sugar declared usual quarterly dividend dividend- of oC a sharo share on common stock payable hJo April IS Hi 16 to tostock stock of oC record Ja April 1 1 This stock th Hhall 1 sell sel cx April Apri 1 1 1 Tho Atlantic Refining company compan declared de de- de dared elare regular quarterly dividend of 1 per cent on preferred payable Ma May 1 to stock o of record April Apri 1 lu Tim advance Rumely company e- e clard cland regular quarterly dividend dl 50 I Ion on preferred payable July I 1 II to stock clock S I of June 14 1 Some merchants merchant are re nursing a fallacy fal alacy a- a lacy which If persisted In In may put them out of bu business They believe commodity prices cant can't drop rop suddenly enough h to hurt them I Labor bor costs arc ac achl high hl h and nd thorp Is no prospect of oC a udden reduction So o. o they argue argueS an any In the prices of things must mUt 1 h b hr only moderate and gradual not a drop which would could leave them thorn stranded strand strand- ed with goods high above e the tho m market price We Vc warn clent clients not to be misled by this argument The time Is coming coming- coming when commodities will wi drop notwithstanding notwithstanding standing high hl h wage scales cales or any of the tho other factors factor which tend to keep up prices price Look into the tho principal Items which malc maki mateI up tip 11 th tin tho Cost coat cost of oC a afew afew afew few standard artcle articles In the thc majority or of manufactured products the tlc cost of ot raw materials is 18 considerably larger 11 than the labor or any n other Item item Hem Babson Bab- Bab IO son sort McFadden adden Average e price twenty industries up G 01 Gt twenty rails Gi up 10 BOSTON CIU JOSTOS mf mr th HaroM R. R Co Cn 0 WIre I J on ii i 1 i 1 1 i IV Ohio Copper is 1 I HII Hull UP ft I V 11 10 16 IJ I. I Vrle 11 r j in 11 iny Verde r C Mn A. A n. n i 4 I y Me W. W MIs f. f pt pi 11 4 4 tI Cj Con Copper 4 44 r ci r lo I full fell pd pJ G 6 Cr Crown n Crr Ilc Itu A. A 50 55 itron Iron Cap J l 1 n.- n. ri k K 8 n. n Ji 2 Ot ft I Moot Mont tont 6 62 tt r. r r. r 1 7 rj- rj t l new Mn I 1 I Z 7 1 1 u n Ceede C de 5 A s Ncr t. t 1 1 1 is Ophir S 1 1 I MINING STOCK QUOTATIONS Official R Report of Salt Sni Iok Stock and I Bid Dd I Ask Alta Michigan I 01 O 0 Star I OO I 01 Con 1 I OS 08 I 10 ALta AHa la Ti Tiger er 1 11 01 Albion 11 I I J Am Con ton Copper On Ui Aiti Tunnel O 10 Add Addio Ha 10 10 Bullion o OJ I. I 06 06 Bole foley 01 lug Hill I 10 10 13 11 Big Cot Can j 01 DIE Big Cot Conin 1 1 04 OGA Beaver er 03 vl Un Bay State State 00 VI 01 Black Wack Metal 08 os io 10 Central Eureka Eureka OH 01 03 Cedar Talisman 01 01 0 02 Columbus Columbu Rexal 60 60 6 Colorado Con 06 07 07 Crown Cr Point 1 Oi 07 Cardiff 15 Croft 01 01 0 0 Cottonwood wood King 00 I 01 Colon Cottonwood Metals OO I. I Dali Dal Metal 1 50 ao Dab Daly West Dragon cst 2 Drason Demijohn Con COl 1 00 01 I Emma Sliver r 10 10 SI Mines 1 OS 10 I. I Copper 0 0 35 Eastern Prince OO 01 Eagle Blue Bell Bel j 12 62 f 8 Mines Buo OH 07 Oi 07 E. E Crown point 03 B. B E Tintic Caln OS 06 E. E TintIc Con 10 o 11 1 E Fast Antelope Ol 02 Jast 19 20 O I II I Juroka urek Bullion 1 1 Gold Chain 06 08 Grand Central 40 48 Great 08 Hamburg lines 03 03 04 07 07 1 Hope o of Israel OO OS OS Iron Blossom 0 1 i Indian Queen 01 Iron I KIng 33 31 34 4 Judge 1 d. d c S S 50 I Keystone estone rS DS Keno Keno Oo OO I 15 0 Lehi Tintic IS 1 Leonora t 0 02 03 I Little Dell 35 35 Logger DeJ 04 0 f 0 n 70 n c 02 02 Mammoth I t 3 0 Miller Jill 0 day fa Da Day O Iason fason Valley I O 09 Utah J r On 08 e ew w Qui Quincy n C o 0 n 0 n GO 60 66 orli Standard 10 11 1 Tin 10 10 O. O I 1 Silver vet S OS O 0 Or Bannock oi 01 Ohio Copper 00 8 42 43 Prince Con IGl GL 6 62 Bristol on 02 PrIce Mining O Pr o Provo 05 OD 05 04 Rico Ar ArgentIne 01 0 needs need's Peak peak 01 Rico WellIngton 2 30 South Standard 25 R RS S 1 Lo 18 25 1 S 1 oi 01 King I ll OO 00 Ilver King Con Mines King 03 Con Ot OtI ot South Ilecia 1 O vcr S Silver Shield 46 47 4 uth Hecl Ext Ot 4 ot j Tecoma i 0 15 Tr Par Baby 1 O Central 03 Tintic Standard i Uncle Sam Sm O Utah Con Ol 01 Ol Union Chief Chic 10 io Victor Ictor Con p 01 West Toledo 07 ci 08 Walker Mining 75 ii LOO Woodlawn 1 i 1 18 Con COl i. i 08 Os hum I 25 23 C C C I 1 yom BOX MST LIST Alas Iu CT CT cv C 6 63 t A. A 17 ii 1 J p 24 4 i jl Ge Gc S. S 77 4 Am m Tel T I cul CIl ell h 78 7 IK O a Son Sou Su Ea 5 f U I. Am Tob To 7 i. i 10 Sterl fi I Fr Tr Gg 3 I f tS d deb b S Armour 4 44 tz H Cs s E. E Atch pen en Is 45 7 lil 4 Ii h. h I. I 4 U 11 i J 0 O IJ PI Jl KC Ulo Pee Pac lac ref C Ga r. r I 1523 BrI 87 5 StI tl 7 1 PS I lo le rf rd re f 3 Oj 16 1526 86 SG 6 R n U ft I r T Is 31 si 1 lIfe Mo Pao P C gee IO 4 LICal tt LI Cal Cat Gas Gu lini s ts H nt Pow Ss A A. A Cnn Can iou Sou u 6 C 13 3 I NYC INTO ref S Can Cn 5 Ss 9 ISo r Pee Pac Inc PU Pt 4 4 41 n Con CU t t. t 1126 16 I Nor Pac ae ac zen Ken Ien 3 Cs tO t COi Can Cn 5 SI SICan t l On ORN S eon con on 4 76 6 Can D 5 6 s 1537 f 8 Os ref rf Cen td d tx Is tl CA Pae Ps Pal Tel Trl M 6 5 w wC k O O. O oy T-s T S 'S s Pac Ga Gu 5 i 7 i Q Joint inlet Is 45 t I P Pa sen en In 4 I 74 4 74 G C W 4 M gen on In 4 41 4 7 i cv C 5 15 11 l. l S-S S j Hop liep I k S eel col cl Ss Is M M 54 s r I LI 9 i f. f rC ref Id 4 tI iStl ret rd 4 4 f- f f Chile 6 7 I a Pee Pae CT cy r. r 5 9 4 cane con conr cf s s Iou P Pac c C O. T 45 4 n 7 c n Kr By C G l 4 t 46 I u Pac IC conr cony 4 h. h il Cut CI City Pris PIR Cs C Um u P Pac c rt in 4 CI City 5 Ls r I U i-ac i Pac SF gp ter 4 Is 4 U ClI sen rei C E Is F Iii U T P conr n Cob Colo So S. Ut n oi as e 4 4 f s 70 01 iU P 1 I Id ref U 4 O W CoIn Colo Clo Sou I 4 Ii 4 n ln KInK Klo J r Zi 91 J DIU DW n l. nf ie is s u 6 IU n I 1 u It I of or s F p 4 4 DIU COD liU S su sf f S L. L ts 34 54 t nis nIi Sec Sr I t B t 7 IUah h Pow Powers Power r 3 Irl Erie T I 11 I 1 Is 4 ll El 61 1st lt Cs w o. o U 5 ii GI leu le deb is s s W 14 1 Wr t II Sa Wi H t fa Nor C 4 41 M MV 0 V t lne lc 5 s Ss In III Ill 1 Ont Cent Jt it If Cs s W U Tel TeJ cU tr 6 Cs to A 2 1 su rob h mi tOj iO cl USI UNITED STAT STAT-JS ts U 11 S coup 4 lt 4 t V U S rec ree 4 4 rI b 21 51 1 IU U 5 Pan Is s oi l Liberty 11 1 4 st U Pan K-Pan n i tt 3 t 3 I. I Victory 3 1st ht 4 48 5 Victory 4 i s 5 Liberty y 21 21 4 4 Sr I I I S X yom CURn CISE my Harold n. n Co WI I sk I I It Rig d. d 1 I- I Chief u. u 23 3 Clef t Cal Jerome 6 16 Va 1 1 af Valley 2 2 Canada Cop Cp l 1 11 13 L 4 t r Con Ariz sit e. e 1 H. H J 4 Con Cn Cop Cp 31 44 4 4 H. H Lode Le 50 ro t tl Ol-tl n S 8 8 18 1 1 24 Creson H. H 5 3 3 2 1 t ld 16 1 i Federal rl 3 CD Coo 2 10 First Firt Nit Sd 1 I 1 1 f If 16 Cp C 71 3 i 6 7 GreD Mo J ly here i 1 heels Illa 4 4 47 t C Creek ek 43 46 Oil 01 71 IG 4 G 6 7 1 tew Sev Mining l 1 21 Howe Joe lourd 3 4 4 u u 7 rh 13 14 I f s InU Pet I rob 1 IS 20 I n DIM Bin Too Tono zt on 1 7 Tone TO a 2 fre erde I. I U. U t 4 Kerr Like I 41 4 5 I lJ 1 Ve Yu Eat Fx 3 r 1 7 16 m 4 I li J. J Me MeN Ij 1 J. J 50 Z 12 C I. I 44 r. r 13 Cop 1 i 5 24 It EIn 1 l I 2 r 1 t I I 1 1 i BOSTON nO TO By r the n. n Co 0 Wire Ire l l. Ariz Com n-I n U N f 1 11 Z I 2 tOld Olo Dr m ote I 1 1 s V Ilung I lung Hns s sTal t 1 5 j 47 I Ir ell Cal 1 63 I CS 66 r r 1 Col CI A. A I Hecla I a SI St l Maryg Iu 47 H tr Car Hill 11 3 I Sup Hup RUf k J Jk s 5 s J I 1 II 12 I 1 II 1 Cop CD I i 5 8 Co Cot Coo Range Ranc 44 44 m 44 Lsd I l 54 1 4 1 4 n Daly ir 44 Utah 11 11 Daly Il J 1 1 7 I o Kelt Jul at l I 1 M P I t 2 Man Mel Val al t g I 5 jut Aner pe 1 21 LI il LIew l New ew Are Arc Ar all 4 ii n 31 I 4 5 I Sew New ew Cor Cr 21 Utah Con 3 I S j TRADING BETTER BEHER WILL ILL CLOSE TODAY Although stocks tock throughout tho tim day weak tho local I I market were wro on o C yesterday yesterday yes yes- tim the volume of ot business showed quite quie an au Increase o over or r previous days of tho week we k Big S Hill Bi was fairly active ac ac- ac tive tIvo during yesterday at 11 1 cents centa cent and lureka Bullion Dulon dropped to 21 1 cents There Thre was considerable demand for fat J Keystone ston at 09 99 cents antI and showed an Inclination to move higher Tho The lc hea heaviest t trader trier of or the day was Standard which dropped from to 21 at tho the close During the day da shares changed hands which Is tho largest t market in the stock In several severah years With no support support sup sup- port Prince Consolidated dropped to Cl 61 cents Tho total number of shares that that chan changed ed hands yesterday was 00 for at which h there was a a. market price of Sales yesterday were reported as follows OPE OPENING G SALES D Big 1000 HI 1000 at lie Emma OO at 10 lobe COO 00 at lOc Kast t Antelope at 1 e. e Jureka Bullion SOO DuJon-SOO SOO at atlie lie lo Gold Chain Chain 1000 Caln 1000 at He Iron King 1100 at Keystone at May Day Day Da 1000 at t Utah Michigan at Sc Se 1000 at nc OO at at OO at SOO at Provo Provo 1000 at t Sic Syndicate 2000 at He Si er Silver King Consolidated at 1 Silver Shield OO at at al Tintic Central Central Central at nt c. c TintIc Standard Standard Standard-SOO at at atti ti 2500 at CLOSING SALES SAIES Antelope Star Star 2000 2000 at Sc c. c B Big Hill 5 1 60 at t lie Ic Columbus at Gle Kast ast Crown Point at Bullion SOO at lc Iron Blossom SOO at at U c. c OO Jeno-OO at al c. c May hay Ia Day Da Day at ac New 1000 at 7 c. c Northern Standard at lOIc at Prince 1000 at Rico Wellington GO at c. c Silver Si cr I King ln Coalition Coalton at nt 1771 in Silver King In Consold Consolidated ted at 57 1000 at 3 c. c Tintic Standard Standard at f. f at t seller seler 10 dl days at Hn West Toledo 2000 2000 at al c Zuma Zuma-OO Zuma uma at 2 c Total number of or shares sold H OO valued at t 5 No o call cal Thursday April 15 15 Arbor Arborday day I I I RULES MADE ll FOR LEASING G IN ALASKA Washington April Apri 14 To H.-To To encourage e prospectors seeking seeking- seel oil 01 and gas In Alaska Secretary Payne has hag gas |