Show I Mining Oil Oi and andL I L Financial Notes Notes' 4 national Smelting company left Monay Stan Mon day ay for Oregon Oreon to examine several properties In the state slate HIAWATHA DOME According to information received here ere the Ohio Oil 01 company any got wet gas as in Us its is test on Hiawatha dome at 1100 feet The gas was unexpected and andas was as not obtained in the first hole but about bout fifty tiCy feet away NATIONAL TAX CONFERENCE leveral Several Utah tax eXI experts erts will wi be present pres- pres cot ent nt at the national tax conference when It i t opens at Toronto Canada October 10 Among those intending to be present are William Bailey special tax agent for forthe forthe the he Chief Consolidated Mining company C. C M. M r. r Brown tax agent for fol the Utah Copper company E. E M. M Snow state board oard of oC equalization and taxation and Charles E. E Hawkins county assessor of ol Utah county J ELECTRIC REFRIGERATION CORP CORr Income account of oC Electric lon tion ton corporation for tor nine months ended June 30 1927 first nine months of oC company's com corn pany's fiscal year compares ares with wih corresponding cor con responding period a a year ago as follows 1927 1926 1126 Net sales Cost of oC sales Selling administration liOn tion lOn gen exp exp Other deductions Profit Interest Depreciation Federal tax tax Net profit x x x Lofs Balance sheet of oC Electric Ion tion ton corporation and subsidiaries as of oC Jone 30 1927 shows current assets of and current liabilities 1 of oC 6 Included in current liabilities Is s an item Iem of ot notes note payable to banks nI DEBENTURES The International Paper company has called for r redemption dempton on December 1 1 1027 all al of ot its year fifteen c year en-year 6 G per cent convertible gold debentures which will wille wi be e outs outstanding at that time Um at a I price of oC 1021 and accrued interest Of C a Issue sold In 1926 approximately of the debentures have lave been converted while were recently called for redemption on October 1 In connection with the notice of oC re re- re dempton the company also calls cals at attention at at- tenton to the right to convert the debentures de- de Into cumulative 7 per cent pre preferred slack block as act Il well wel as the right exer- exer at the time of such conversion conversionS to purchase common stock at 40 O a a ashare ashare share on the basis of ot two shares for tor each cach 1000 of ot debentures converted The conversion extends to the date of oC Presentation or of debentures for re redemption redemption re- re dempton but not later later than April Apri 2 I Z 1328 IMPORTATION OP or BIRDS IDS With the arrival of ot German Getman canaries at the rate of oC a I week the current importing season is II likely to exceed all al records The Tho I number of oC canaries sent hoot om Germany many to the tho Unit d 1 States States durIng during dur dur- ing log the average season Is la approximately worth at the current market pikes about The total Im Imports inn inn- ports of ot cage coge birds Including those sent from front Africa Belgium Switzerland and Ind Mexico la Is cl dOss H j to a a million milon birds per year ear |