Show I Business Barometer I President B. B J. J Engle of the Wasatch Oil Oi and Refining company yesterday re received received re- re a telegram from General Manager H. H M. M Q Quinn inn at Independence Kan Ran statIng stat stat- ing lag that the company's fifth well wel on its property in had been in and was already down a bundred hundred hun bun dred feet teet i iThe The Superior Butte-Superior reports an output of pounds of ot zinc for Cor January January compared with pounds In De De- De- De cember Ore mined in January was tons compared with wih In In December Granby Consolidated may close down its It mines and smelter at Grand Forks shortly shorty Granby Copper yield has ha not been up to capacity f fn for some time It I has been costing considerably more than 20 cents a pound to produce COPI copper r at 31 Grand Forks The Franklin K Lane Lne land and reclamation reclamation tion ton project would turn some lome acres acrs of land in the United States into farms This land Is IK distributed throughout through through- out the country It I includes arid aId or desert land which must be cleared Irrigating the de desert desart t land would require the building building build build- ing of great irrigation at n dams ams and canals A call cal lisa has ha been Issued by Joe C. C Kinney Kin Kin- ney president es of the Kinney Oil and re rea Refining company n for a special C l meeting et of the stockholders to be held March 12 12 when the directors will wi submit a plan for fora a reduction of ot the company's capitalization tion ton now no all al common to of common stock and the creation creation creaton crea crea- tion ton bf of a 0 7 pe per cent preferred stock issue Isse of Merger Mines of Goldfeld in the north drIft on the foot 1350 level of the St. St Ives claim continues to break fully six si feet of ore oreS averaging over 30 in silver siver siverand and copper Ore Or has hs been opened up for ear over feet C C C Silver Siver king King of Ariz Arizona's nas na's engineers state that present development warrants sinking sinking sinking sink sink- ing of f new foot 1000 shaft to tap new ore body at depth Management expresses ses confidence that on completion of this work the mine will wi be on a substantial dividend ivl e paying ba basis ls |