Show Mining Oil Oi and andt I t I Financial Notes Motes j jI Tit TUB TIlE KAST Tl TINTIC IC Interest Is I again pivoted upon the he East Raft TintIc district as further development develop develop- meat ment plans Pans are getting under wa way The rhe phenomenal discovery ot Of ot a major sil sl- sl il ver-lead ver ore bod body in the North Lily and Eureka Lilly Lly s a a few months ago caused a a boom In mining of ot th that t section une In a decade hr or r more Now with the drift Irom from the level le el wel well und under r way and expected to be ba In feet in m lesi leu than thirty days ays Interest st U Is again p parking up for the discovery ey of ore feet fur ther down dow will wil glee give Ive the North Ily all 01 the tie earmarks of a 1 second Stan tan tan- dard rd On top of of- this this' Important development will wi be a shaft ehalt to the 1200 level on un the tile North Lily Liy property to be completed by October 1 and possibly further lurther diamond drilling and and ex exploration work wont on on other ther undeveloped properties of East Eat Interest again became centered on East Jast when the s sock Bock ock of Iron King ICing suddenly Jumped Into the limelight by advancing to 60 iO cents cents' a share chars on un the local loal loca exchange At the same came time that this took pace well informed Informed wel-Informed rumors persisted that the International Smelling Smell ing company and the Tintic Standard had closed a deal with the controlling interests of oC Iron King that wipes out Iron King ICings s indebtedness and finances nances work vork to be tan carried led out b by bythe the tile engineers of those two companies The rhe International Smelting company witch which is an important of the Anaconda Anaconda- Anaconda Copper company is getting get get- ting a strong bol hold in the three major mining districts of Utah ULah Tintic Tintie Tin Tin- tie tic tc and Park City In the In International In- In Smelting company owns and andr operates r eth ethar the h Delaware property one of the largest ar s zInc shyer pel Pr pro producers ducer of the state and nd I Is clos IY aba aUM and has a stock sloe ownership In In the Park lark Utah ULah Consolidated Mines Mine company the the tue I i largest Park City lead district Iri IS P producer tile tho U ol 01 district the company controls the h North Lily Liy property and Is io taking an on active in operations and developments s of other properties h h t East district district This hll gives the International as smeltIng company an po Kon Konin in m the three largest n mining districts ot ut Utah Ilah and 0 of or the he west I i THE TIlE Y VALLEY TEST TET The Utah Oil UI H Refining company's ap- ap n- n of its Is decision to sink emit a new test telL on oil the Ashley Athley Valley alley Valey structure In to Inthe Inthe the Uintah basin near to the tit formation Is one of cit f the Important Im drilling ahn announcements of the year The Oil Refining company company com cola pany drilled dried a test on ibis bis structure last IUt year ear and developed a large urge gasser asser lasser which wl was capped When the l es structure developed a commercial oil pool oil pool In 10 II the Sundance the Utah Oil ill l Refining was wa alven iven Iven another opportunity below the and to o that company's com coin pany's geologists geologiEs ut at Ashley valley Valey are ate favorable to j duplicate the Isles Iles structure discovery W WAY V AY E COU TY T TEST ST ST. The Tinas is 10 moving In equipment for a I test t st to be Known at ae R No Nu I John I. I L. L Shipley center N. N h. h t. t Vi 70 Sec ec 5 He bwee wed structure county near Ure n I Aroal A road roal to the l location alon tt n now w being beng built buit COMMERCIAL Rots Roes Beason Deason Co announces the te fol foi fol following lowing review of ot the commercial paper market for the past st week week as aa r reported by George H. H Burr Durr Conrad Broom room The commercial paper market on the Pacific coast during the he past pat week has baa ba been comparatively quiet with with city banks banka practically out of the market The TIle eastern and middle western markets have been fairly active with the bulk of business at 4 per cent cena f m ESTATE TJ FINANCING a. a Banks trust truet companies and their subsidiaries real I estate b bond Underwrote ll Issues In April or 2 0 ot otreal 25 l per cent of ot All Al real estate securities Offered of offered of Of- to the public First mortgage bond Issues e t totaled 55 according according accord c ing to S. S V W. W v. v Straus ou Co Other he types of ot real estate financing were First mortgage leaseholds boldo participating certificates debentures debentures de de- and Junior Junior- mortgage bonds 3 land lan trust certificates OO The he total for fOr- fOrthe the month of all al real estate securities publicly announced was compared with in April Apri last lut year More lore than 60 5 per cent of first mortgage real estate bonds Issued during the month were loans upon completed structures structure Since January 1 1 ii In- In In real I estate securities have hav been Issued compared COnI com I pared with wih for the same period of 1926 an increase ase of 6 per cent The number ot f Issues In April In-April April was 71 1 compared with 88 l In April Apri last year for four months durIng during dur dur- ing lug the same period of tf 1926 COAL L PRODUCTION Preliminary figures assembled by Y the Naton National l Coal elation abac-elation show that tat the tile total output of bituminous coal during the week ended April Apri 30 was the largest of any week since the last lat week of March The estimated total quan quantity tt of bituminous coal shined mined Is given as not net tons a gain of more than ha half If a n tons over ovey the total for forthe forthe forthe the ended April 23 for which the U. U S. S bureau of mines reported output at net tons RICHFIELD OIL on Richfield Oil 01 company of California reports for tOr the three months ended March 31 a 1927 1921 net earnings before depletion depletion de de- de- de depreciation Interest and federal federal fed fed- eral income tax of ot 18 per share of ot common a. a n 1 compared with 98 or r 94 cents per shade for the same sami period of 1926 Tho rho latter later figure JS as s well wel as other 1926 figures figure contained In the report is bas based d on three times the United Oil 01 company shares outstanding at the date 1 In question This places such figures on a basis comparable with 1927 1527 operations X ItIL STORES CO McLellan Stores company for April Apri reports gross sales of ot of against for April Apri 1926 an Increase of 58 5 per cent Sales for tor the tile four Our months ended eded April Apri 30 30 1927 were we 1267 against In the same p period last lat year an Increase of 38 per percent cent BROS INC SALES S. Bros Inc report sales for April Apri 1927 1921 ot or against for the this name CaIne month In 1926 1026 or a Percentage Per Per- cent ge Increase of per per cent cent For Foe Forthe the four months months' period sales totaled 1 1 81 61 16 against for the first firt lour four mon months hs n gain of 89 per gent cent cent |