Salt Lake Telegram | 1919-02-07 | Page 20 | Business Barometer

I I r Business Barometer I Directors of the American Smelting Refining company have reduced the div div- ident on their common stock from a 6 per cent per annum ba basis ls to 4 per sent fent cent A bill has hiss been introduced in the New NewYork NewYork York assembly Increasing from 2 to 4 cents the tax on transfers of stock for each of face value or fraction traction there there- of a a i Copper company's directors dit are scheduled to meet for quarterly divIdend divIdend dividend div div- action around first week of March Starch I Rumors that Utah Copper company di directors dl- dl rectors would reduce quarterly dividend I at next months month's meeting resulted In a morning paper stating that t di directors directors directors di- di rectors had deferred action on their di dividends dividends di- di because the latter company Is a abig abig abig big holder of Utah Copper Mid Midvale vale earned for quarter a ashare ashare ashare share in previous quarter Mexican Gulf Oil company compan according to semiofficial report has leases on about acres In Wichita Wal Wal- alker ker Taylor wed Prath c counties Texas Louisiana Kentucky Kentuck Wyoming Alabama and Mexico Company states it is Is is- negotiating ne- ne I for acres In the burnett and Ranger fields California Petroleum company during the past two weeks has brought in two new hew wells in the Montebello 1 field of California Cal CRI- which approximately 1500 and 2000 barrels each Total production In that field Is now barrels with two wells being drilled Grandma Consolidated drifting in the I quartz channel of or the shale contact zone at feet Some ome assays show 18 per perI ton in gold sliver silver sliver a and d copper copper I The reorganization of the Tintic DelaI Delaware Dela fda I ware Mining nning coin pa iy has been completed com corn with the following officers President dent Joseph Hatch Heber secretary secretary- treasurer J y A. A Provo vice pre president ident W. W R. R Wherritt Heber These with W. W tV v D D. Clark of Provo J. J It H. H and E. E II n. Ekker of Eureka and Samuel Samu l Ness of Salt Lake constitute the directorate The Silver Standard and Bews group I. I of ot mining claims In White Pine county count Nev ev have been consolidated and arid will bo Si operated a all as the American Standard I Consolidated Consolida ted Mines lInes company compan Willard of pf O Ogden den l is pr president Lorin Stall Hall of Salt Lake vice president John v. W of O Ogden Os den secretary treas these with Thomas S Feeney of Ogden an and John W. W I L. L Puget of New Zealand completing the directorate