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Show THE HERALD-REPUBLICA- SALT LAKE CITY, UTAH, SUNDAY, MAY 28;, 1016. N, FINANCIAL AND COMMERCIAL HEAVINESS FEATURE TRADING ON STOCK EXCHANGE The emphatic delanguage employed by the state seizmail over in its protest partment ures to Great Britain and France an excufe, if not an actual reason, for the heaviness of the. wek-en- d session on the exchange. rails broke 1 to 2 points, Important shares, war issues and arfiliated were lower motors and metals, euoaia.ii- wim by 'i 2 to almost inpoints, Mpx cans. .Mercan tile Marine. United Fruit and miscellaneous descriptions. onlytheeffaced all Its but Reading not of week, advance early showed a net at the minimum of 1001 three loss for that period of,e almost favorites Of all the points. United States and speculative leaders Steel was the only Issue to maintain some semblance of steadiness, yielding only a fraction. a more (Jeneral news advices were or the reconservative mercantile nature, including which of the agencies, ports show a reaction from the ofrecent hitch in many lines industry. presuire reiteratCables from neutral sources, the deand rumors of peace, early ing of imports tailed April trade report and exports constituted the other market factors. consecutive week thea For the sixth statement disclosed house clearing of reserves this furthers contraction S12.000.u00 week decrease of virtually excess the total actual drawingdown to about $85,000,000. This of S126.00.00 compares with aoftotal March. 1 14.000.000 the latterweek part of the year and th first last Septemthe middle ofstatement also This week's ber. of almost showed a loan expansion apand a cash loss of wide $23 000.000 These $10,000,000. proximately recent operations changes reflected with new financing. connected irregular Today's bond msrket was total with on nominal dealings The gen$1,710,000. sales par value. Issues durgovernment declines eral trend of was lower,to I of 1 on the week ing per call extending from i cent, but with little actual trading. New York, May 27. af-f'j-d- ed nt- nt 10-poi- old-tim- m re-ver- ves O $220.-ooo.OO- TSK.W YOItK STOC K LIST. L.i Sharest H. OTHER Am. Beet Sugar... Am. Can Am. C. & Fdry... Am. Locomotive &. Am. Itfng... Am. jugar Kfng. Am. Tel. & Tel. .. Am. 'A.. L. & S.. Anaconda Copper. .Atchison Baldwin Tco. .. Halt. & Ohio It. T. . Brooklyn & S. Cop. . . . ButtePetroleum .. Cal. 731 1.900 99 S.400 20 200 98 97 J Inter. Con. Corp.. Cop. . Inspiration Harv.. N. J. 400 129411-i12- II. West. Pacific. Northern Pa-- . Tel. &. Tel.. V, fcnsylvanla ViZy ''on. Copper, ...... heading Iron & 45 45 45 r.OO'126ii126i!l26 1.900:il3i!ll3i;113i as 500 -- 57i 575 37.200 102i 1lOOJ.lOOl 4fn; 471 4 7 4! 471 f T:ep. 2001.311 311 31 Shat. Art. C. ... 9010 Southern Pacific... 1,00l00i i.oor,; 22a 22 it s?a Southern By. 139 137 1375 Htudebaker Co. .. 3.7O0 300! 441 445! 44 Tennessee Copper.. I1RH Texas company ... 4.400 (....! 1398 139 11394 Union Pacific.. .. 200 S2Jj 2i; 82J PreferredAl 1571 T 3,40O'ir9l 157i S. Ind. S3 15.400 83J' S5 IT. S. Steel 2001I6J 116l'll6i Preferred .. ... $0o! 80?' S0! SOJ Utah Copper 1,100 24' 2s JI 21 Wabash pfd It.... 50f: 96Ji Union .. I wPstrm Westlnehou F.I.. 2.600: 62 for "the Total sales shnres. 61 1 I day. 215,000 NEW YORK BANKS INCREASE LOANS ACTUAL condition. etc., $3,402.93.000; Increase. I22.S90.00O. Ueserve in old vault fof which $334.-.V- 0t Loans, specie), $119,815,000; decrease. . Keserve In federal reserve banks, $162,961,000: increase. $2,341,000. Beserve in other depositaries, Increase. $458,000. Net demanl deposits. $3,365,601,000; Increase. $10,764,000. Net time deposits, $161,272,000; Increase. $77,000. Circulation, $31,671,000; increase, reserve, $644,05.000. AKgrc;ate F.xcess reserve, $64,975,350; decrease. J11.9S0.960. Summary of state banks and trust companies in Greater New York not Included in clearing house statement: Loans, etc., $728,060, S00 ; Increase. $2,309,900. Specie, $32,021,500; increase, $1,1SS,-70Legal tenders, $9,103, S00; decrease. $30,100. Total deposits, $921,603,400; Increase, $1,563,400. Banks cash reserve in vault, $11, 957.300. Trust companies cash reserve In i $13,366,000. $51,-20.00- 0: $23.-00- 0. 0. vault. $39,1S0.000. CASH QUOTA TO XS. Wheat No. 2 red. 1.12; No. 3 red. 1.03Jli 1.06; No. 2 hard, 1.0911.10; .No. - hard. i.uori.Co. Corn No. J yellow, wl'a 0; No. 4 66i0 67. yellow. Oats No. 3 white. 39? 40; standard. Jit 02. Nominal. Barlev 6076. S.flO. Timothy S.OOfT 15. 09. Clover 7. 30 If23.25. Pork 22.73 It Tird 12.62. Bibs 12.10f 12.60. Bye Kv YoltK ;i:.i. n Syot weak. Chicago, May 27. Rain in Oklahoma and Kansas turned prices of wheat downgrade. The close, alwas 23 to2S2J net unsettled though with July at 1091 and September lower, oats 5S? at to110L Corn lost to i and In provisions the outcome 1J. i varied from 10 cents decline to a rise of 15. Rushes to sell wheat began as soon For a as the market opened. concerns while, took however, some leading Oklahoma the positionwere that at least in not the rains heavy more than a slight to give apparently enough measure of relief from the long conLater information, tinued drought. moisnevertheless, showed that more inditure had been supplied than wasconseThe cated by first reports. quence was greater impetus to the downward swing of the market, essession. pecially in the last hour of thebushels of Announcement 500,000 that wheat to come to Chicago had been tended further to purchased in Omaha Peace the weakness here. emphasize talk was said by a some authorities to have operated as factor today on the How far. if at bear side In wheat. all. this was true, seemed to be largely On the other hand, there guesswork. seemed to be little or no doubt that for the time the export call for United States being wheat had been reduced to a minimum. The total sales to Kurope todav were estimated at 250,000 bushels, almost whollv from Manitoba. Corn weakened with wheat and as a result of the rains in the southwest. Sales of 80.000 bushels to exporters helped somewhat to check the decline. Oats gave way owing to breaks in of other the value The most active selling was ingrain. the May delivery and came chiefly from the recent bull leader. Packers buying of lard and ribs tended to rally the provision market an after quotations had suffered setback. The temporary weaknessearly ap- to be due in the 'main to a F eared ailing off in provision shipments as compared with last week's total. Wheat July, 1.091; September, 1.101. Corn .Tuly, 69: September. 69. Oats July, 40J: September, 38!. Pork July, 22.50; September. 22.20. Ijard July, 12.62; September 12.75. Ribs July, 12.50; September, 12.62. RESOURCES OF FEDERAL -- RESERVE BANKS INCREASED $17,000,000 DURING WEEK red gs ...... . I I AH Standard, 47. NOTES At the Utah Consolidated property, where prospecting has been under way for several weeks under the direction of Al Moore of Eureka, a small stringer of ore has just been encountered and it appears that there is an excellent chance of getting into a more important ore deposit, says the Eureka Reporter. Mr. Moore has been prospecting what is known as the "west fissure" and the point at which the work Is going on is about 700 feet from the portal of following the fissure being sent out in following the fisure being sent out in a westerly direction. The present showing is the best that the Utah people have had since taking up the new campaign- of work. i Charlie Carter, who was connected with the Utah many years ago and who recently returned to the camp, has a lease on the dump at the Utah and last week he shipped his first carload of ore. A piece of development work which may have an important bearing on mining operations on the east side of Godlva mountain, has just been taken up in the No. 2 shaft of the Beck Tunnel and of the Colorado Consolidated. Local officials of .he Knight comthat for some time deep panies state on this ground has been prospecting under consideration and that now that this work has been authorized no time will be lost in sinking to the 1600 level in the Beck Tunnel shaft. On the 1100 level of the Beck Tunnel a large body of quartz was encountered and it is thought that when this feet below quartz is cut a few hundred commercial this point it will carry men who are ingrade. Local of the Tintic disterested In thatmining part the trict will be pleased to learn that have started a camKnightofInterestswork and there is but deep paign little question but what this work will Colorado Consolidated back in put the one line as of the heavy shippers. Everv smelting plant in Utah operathas created a demand ing at "capacity for fluxing ore that gives the Dragon Consolidated Mining . company an opof shipping a large quantity portunity of iron. The supply of iron ore is almost unlimited at the Dragon. While the present output is about 340 tons matter to per day it will be, an Ifeasy the smelters increase the tonnage are In need of more fluxing ores. There are iron deposits of about the same character in the Black Jack and the Iron King, both of which may be able to secure contracts if the demand for iron ore continues. This new contract permitting the of iron ore, has placed the shipmentwell up toward the top in Tin Dragon also betic's list of shippers, the mine theof other a producer heavy ing of ore. The best grade of ore classes is being taken from the north end of the property and forwarded to the shipsmelters, while the mine is also considerable quantity of ping a ore of Tintic the to he plant Milling company. At Iron King. The property of the Iron King Consolidated, located in West Tintic, near the Scotia mine and which is owned and controlled by Nephi people, has been turned over to J. E. Teeter just o'f Salt Lake under a bond and lease agreement. T. L. Foote, who is interested In the from Salt property and who was out Mr. Teeter Lake this week, says that has already put a force of men to work on these claims and that he is pleased with the prospects of getting into commercial ore. Considerable work is now being done In the West Tintic and Erickson mindistricts to the west of Tintic and aingdozen or more properties will no doubt be worked during the summer months. John Taylorwas at Provo during the diweek attending a meeting of thecomrectors of the Tintic Humboldt the North pany, which property is inbeen tempoTintic district. Work has on the level, stopped rarily where two crosscut drifts were driven. Near the footwall a bunch of heavy was encountered and In clay and iron the other drKCt, toward the west, a loose cavy formation was encountered with small bunches of galena scattered this loose ground. Work has through been carried on with a vim, but it is the intention of the Tintic Humboldt to purphase somenew machinpeople ery and then sink theto main shaft. They are also preparing get government for the claims which are empatents braced in the Tintic Humboldt group, as sufficient work has already been done to entitle the company to this. Jake Turner, a Salt Lake mining irr.n. is looking after the development of the Deseret Mountain Mines comproperty, which is located on pany's Deseret mountain, about twelve miles This comfrom the Rockwell ranch. men and it number of pany is using aa nice is said that copper deposit is now being opened up and that shipments will be possible before many more weeks. The ground which is now. owned by the Deseret Mountain Mines company was formerly the property of Porter Rockwell. . - low-gra- -- 165-fo- ot Utah-Idah- OLD GOLD MINE IN I I 1 I Morgan-Argentin- s -- D. - - 1 - de PROPERTIES SEEN is off." according to who with James A. Mclllwee and O. Relf returned yesterday from George an inspection of the PacifictBay State. Whirlwind and South Park. 'There is a. lot of activity in the camp; everybody Is busy, manv mining men and prosof pectors are coming in and a season is .iust accomplishments extraordinary to break upon the camp, beginning he declared. "They have good auto roads into the heart of the camp at It is estimated that the Silver King un to the Dutchman mine and from there the other 'mines are all easy or access. "We went the Pacific, and I consider it a through second Cardiff. It is one of the struck in Utah things in years.biggestbodv has been deThe ore feet and it is three to veloped for 300 feet wide. Thev have three to twenty four feet of high grade. It samples $250 to $300 a ton, mainly in silver, and s'nould average $50. The richest ore bakes ateast-wethe juncture of the north-sout- h fissure. and "We passed seven loaded ore teams the canyon. They are coming down tons a day with twenty-fiv- e moving the dozen or so teams now hauling. "At the South Park, whicli started the Pacific, a force of men has adjoins the surface. The object is prospecting to locate the most advantageous site tor starting permanent operations. "The Bay State is getting ud steam This is now in approxiat tiie tunnel. 150 feet and in about 125 feet mately an further it is expected to get under exvein. George Tyler is outcropping: ore from old workings for futracting ture shipments. "At the Whirlwind the men are up bunk houses and grading, other puttingarrangements and immaking work. for By provements permanent June 1 they expect to start on the carA contract of tunnel work. load of timber has been ordered and is good. everything are active, 'Manv otherlooking properties including: the Belorophon. whichanis ex-in this part of the camp and has cellent snowing." l!liJUi3 v, OUT. "American Fork W. H. Childs of Childs & Co.. brokers fch; "fM nHitsui.'Ak.- i&jj WIIEN SELECTING A DEPOSITARY for your funds, remember that the Utah State National Bank is strong, able and obliging having modern facilities for the prompt and accurate transaction of all banking business. Your accoxmt subject to check is invited. -- OFFICERS - t . K. Smith, President. Joseph Heber J. Grant, Vice President. Rodney T. Badger. Vice President. Henry T. McEwan, Cashier. George H. Butler. Assistant Cashier. UTAH STATE NATIONAL BANK j st 300-fo- PARK CITY MINES SHIP HEAVY TONNAGE IN MAY; VALUED AT $350,000 ot . Park City's production during the month of May amounted to a total of 8214 tons, according to preliminary figures. This is estimated at $350,000, and covers first-clas- s crude ore, shipped and the. product from mills now in active operation. These SILVER compare with a total of 6910 figures tons shipped in April, 6110 tons in March, 6564 in February and 7325 in the May is January. month so far accordingly this heavy year. MONTH-BI- G The following is a list of the shipYIELDS pers, with an estimate on those not included in the regular weekly list: Tons. Silver King 2855 Coalition Ontario-Silver 2161 WORK IN HAND Co 940 Judge Smelting Silver King Con... 940 423 Daly West 45 Consolidated is now hslpping approxi-nea- r American Flag 100 $3000. or $90,000 to the month, Daly . .. . ore a Others estimated ol mately sixty tons of first-clas- s $50 day. As this ore is worth about a ton. it makes the daily output worth Total .8214 drove right this early date. Our auto exbe to is The company said making cellent profits, and has no trouble in NOTICrc TO STOCKHOLDERS UNITED about doubling the $20,000 profits a Vl'LCAMZINCi COMPANY. month necessary to maintain its reg-or IS HEREBY GIVEN TO NOTICE dividend ular quarterly oflO cents, the stockholders of the United Vul$63,000. that whereas the company, canizing to Con. ore are faces said The King time for the holding of the regular into annual be so large that two men can gosuffiof oaid stockholders meeting the stopes" and break 1915 has passed, and no to keep the ore teams busy. The for the year cient principal has been held, a special meetmanagement usually has about 500 meeting said stockholders of said ing of the tons broken ahead of the daily produc- company called to be held at tion. Some prospecting is being done the officeisofhereby company at No. 325 on the 1800 and out in virgin territory S. State street.said Salt Lake City. Utah, on On the in other levels of the mine. second-class Monday, the 5th day of June, 1916, at a lot of deepestis level, the in1800, in the afternoon of said and some shipping 2foro'clock coming dithe purpose of electing three day, grades. company, and for the The company has already contracted rectors of said of to be installed further purpose for the new machinery hearing and considn mill at Park ering reports of the directors and offiin the proposed has also ordered the. material cers of. said ofcorporation, and for the City. It 10,000-fosuch other business as At the transaction for the tramway.. drain channel, may lawfully come before said meetfor the now tunnel site men long a force of leveline up and is to put in foundations for ing. Dated this 15th day of May, 1916. gettins: ready D. M. LEWIS. the compressor and other heavy Secretary United Vulcanizing Company. the-vario- IGTON. $90,000 I 500-to- ot DELINQUENT NOTICE. SMUGGLER MINING CO. PRINCI-pa- l of business. Bingham Canyon, Utah.placeLocation of mines, American Fork canyon, Utah. There is delinquent upon the followdescribed stock on account of asing sessment No. 16, levied on the 17th day of March, 1916. the several amounts set the names of the respective opposite shareholders as follows: No. No. of Cert. Name.' Shares. Amt. 161 Joseph P. Bogdan ....1,000 $2.75 267 Eli Churich 2.75 1,000 41 W. J. Fahrni 2.75 1,000 45 W. J. Fahrni 2.75 1,000 273 Stanley C. Gammette. 500 1.37 274 Stanley C. Gammette. 600 1.38 500 196 Martha Hair 1.37 .'68 2.75 1,000 Martha Hair 2.75 280 Martha Hair .... 1,000 30S Chas. Hoerner .2.000 5.50 105 Joseph Jones 2.75 1,000 IOC Joseph Jones 2.75 1,000 8.25 155 Joseph Jones 3,000 156 Joseph Jones 5.50 2,000 260 Joseph 5,000 13.75 Jones 261 Joseph Jones 5,000 13,75 251 Chas. Johns 4,000 11.00 252 Chas. Johns 5,000 13.75 16.50 276 Chas. Johns .....6,000 And in accordance with the law and an order of the board of directors on the 17th day of March. 1916, so many shares of each parcel of such stock as will be scld at public may be necessaryoffice of tl e company. auction at the No. 3 Carr Fork. Binghan Canyon. day of Jute, 1916, atas- 5 Utah, on the 1st o'clock p. m., to pay the delinquent sessment thereon, together with the cost of advertising and expense of sale: MAX GEFFEN, Secretary. SHERIFF'S SALE. IN THE DISTRICT COURT, IN AND for Salt Lake county, State of Utah. E V Pratt, plaintiff, against Charles S. Wilkes and Bessie Wilkes Styer. executors of the last will and testa ment of Elizabeth Wilkes, deceased, AVilkc;. and of the estate of Elizabeth deceased, defendants. To be sold at door sheriff's sale at the west infront the city of the county courthouse, of Utah, and countv of Salt Lake, State on the 21st day of June, A. D. 1916. at 12 o'clock noon of said day, all tho of said claim and interestfollowing-describeright, title, of, in and to the defendants, real estate, to wit: at a point 2$ rods north Beginning of the southwest corner of lot 5, blot-!51, plat B, Salt Lake City survey, runthence east 165 feet, thence norili ning 41 feet 3 inches, thence west 165 to thence south 41 feet 3 inches, in in of beginning. Situated city and county of Salt Lake, Stale cf Utah. Purchase price payable in lawful money of the United States. Dated at Salt Lake City, Utah, this 27th day of May, A. D. 1916. JOHN S.. CORLESS, Sheriff of Salt Lake County, State of Utah. Deputy Sheriff. By C. I Schettler, Stephens & Smith, Attorneys for Plaintiff. Date of first publication May 2Sth, D. 1916. . ........ ........ -- (. e 1!k-plac- NOTICE OP STOCK. DIVIDEND. ALL STOCKHOLDERS ARE HERE-b- y notified that the stock books of Clover Mining company will be closed June 1, 1916, for purpose of distributing in Nevada ' Zinc LISTED ON EXCHANGE the company's stock shown Mining company to stockholders on books of company as of June 1, 1916. JNO. Q. BURT. 40 S. Main, Secretary. A. Stock of the Santaquin King Mining company was listed on the exchange yesterday. It opened at "41 bid. and closed with five bid on the open, and 9000 shares sold. On sales of 31,000 shares on the open the price steadily advanced to 5i cents. SANTAQOIN KING IS The official statement filed with the committee contained the followlisting The president is R. information: ing B. Young and the secretary-treasuris Ben C. Rich. There are 2.000.000 shares 50 cents par value, or $1,000,000 capof italization. Of this 242.065 shares and $343.97 cash are in the treasury. The owns nine unpatented claims company in the district east of er Nebo-Santaqu- in is located seven Tintic. The miles from a ground railwav with a down-hiall the way; in fact, the ore could pull be trammed into the cars, it is said. The developments consist of 350 feet of tunnellnsr work. 130 of winzes and of raises. There are now four men It is estimated that there is working. 1500" tons of commercial ore in sight. This ore carries silver, lead and zinc value 8. UNION CHIEF REDUCING ll 1 1 I I 1 DEBTS DURING 1916 Ore that is being loaded at the Union Chief at stations to $25 a ton. Part shows values of $20Santaquin of it came from the new strike to the northwest of the old stope. and part A state- other prospecting work. COLORADO TO WORK from ment recently prepared by the v ' ! ...II willingly give our all the benefits of our valuable, experience, gained through 43 years of intimate, direct association "with the entire business life of the region. WE de-jxsit- ors i t! secre- directors shows that from tary for the 1 to May 20 the receipts of January tothe Union Chief company inMining The disbursements cluded operating expenses- - of $3357.48 and payments 011 indebtedness of $2685. The total indebtedness on Janjuajv 1, 1916, was $3121.71, and on May 20.l916, reduced to $750. It is exit had been one car will about wipe out this pecteddebt. this TOOLE CHIEF ADIT EXPOSES VEIN OF ORE Wiliard Bushton sends word this week that the lower tunnel being run on the Chief for the purpose of has cut the ore drawing inoffNo.the3 water tunnel and that it apexposedto be pears bigger and richer than ever, says the Lehi Banner. The men state that three car loads of ore is on Ihe dump ready for shipment. The Tooele Chief's vein is easily traced the full length of three claims and in where it has "been opened, all tunnels ore is reported. The directors shipping are planning a trip of inspection soon and may decide on making a I c New York. May 27. Flour dull. Wheat Spot weak. No 1 durum. ta.22; No. 2 hard. 1.21:1 No. 1 northernand No. northern ManlImluth,1.2S1.28, f, o. b. New York. Futures. toba. casv; May. 1.152-CorSpot weak. No. 2 yellow. 81 c. i. f. New York. Oats SWIFTLY DOWN GRADE May 27. An Increase ofWashington. $17,000,000 in total approximately Amaluamated Sugar Co. 8 9 $199.00 resources of federal reserve banks durBeneficial Life Ins. Co.. 10 10 200.00 ing the week ending May 26 Is shown Barnes Co.. Banking In the board's weekly statement. Issued 200.00 KaysviUe Bank of American Fork 12 12 -200.00 today. The statement shows: RESOURCES. Hank of Ileber City 12 12 18.00 Bank of Southern Gold Utah, coin and certificates in vault, 12 12 Cedar 19.00 $422,985,000. Consolidated Wagon & Gold settlement fund. $91,991,000. Machine Co 7 7 107.50 Gold redemption fund with United Continental Life InsurStates treasurer, $2,163,000. ance Co 97.00 Total gold reserve, $337,139,000. Continental National Legal tender, notes, silver, etc., ban k 8 9 170.00 $21,972,000. Deseret National bank.. 12 15 305.00 Total reserve, $359,111,000. Deseret 50 1005.00 bank Bills discounted and bought: Davis Savings County. ....bank. Maturities within ten days. $9,471,000. 20 260.00 Farmlngton ;0 From 11 to 30 days, $18,064,000. & Stoekgrow-er- s Farmers From 31 to 60 days, $24,048,000. bank 61 to 90 days, $17,122,000. First tonNational . bank. 12 12 86.00 From 90 Over days. $3,668,000. 150.00 Lay Total $73,073,000. First National bank. 12 20 Investments: 233.00 Ogden United States bonds. $51,942,000. First National bank. 8 , One year United States treasury 10 Slurrav 15S.00 notes, $3,840,000. First National bank. 18 IS Municipal warrants, $44. 946,000. 300.00 Brigham Total earning assets, $173,801,000. Guardian Cy. & GuaranFederal reserve notes net, $26,433,000. Co 12 12 15.40 ty TIeber J. Grant & Co... 16 16 Due from federal reserve banks net. 28.00 Home Fire $16,512,000. Insurance 10 All other resources $9,493,000. Co 14 809.00 Hotel Utah Operating Total resources, $585,350,000. 10 10 Co. 124.00 LIABILITIES. Inland Crvstal Palt Capital paid in. $54,875,000. 7 7 90.00 Government deposits, $44,131,000. Intermountain Life InReserve deposits net, $476,680,000. surance Co 13.55 Federal reserve notes net, $7,706,000. Kamas State bank .... 7 "7 117.00 Federal reserve bank notes in circuKnight Trust & Sav-ln$1,732,000. 6 6 .... 110.00 lation. bajik. Provo All other liabilities. $226,000. Layton Sugar Co 150.00 Total liabilities. $585,350,000. McCornlck & Co.. bank. ers 171 111 287.50 MONEY. Merchants bank "I" 1. 1! 7 7 93.00 Mountain States Tele- New York, May' 27. Mercantile paper. 31. phone & . Telegraph 7 Co. 110.00 Sterling:4.755: Sixty-da- y bills, 4.72?; National Bank of the 112 demand. cables. 4.761. 112 . Mexican dollars, 54ft. 199.00 Bepuhlic National Cltv bank .... 6 6 142.00 Government bonds Steady; railroad 1 . . 5 00 National Copper bank 00 bonds, iregular. .. Nephl National bank 818 124.00 Ogden Savings bank ... 12 ?20 420.00 112 Osrden State bank. 118 432.00 MORGAN E Provo Commercial & 12 22 324.00 Savings bank Salt Like Security & .. S 8 118.00 Trust Co State Bank of Brigham STARTS OPERATIONS 10 15 Citv 225.00 State Bark of Garfield. 18 IS 200.00 Panguitch State Bank of Mallard 9 9 165.00 ' H. county. Fillmore Pembroke, president of the State Bank of Rich8 8 ; mond 125.00 owns 28v acres Mining company, which Thatcher Bros. Banking adjoining the Carbonate 10 10 Co.. Iniran 170.00 Hill in Argenta mining district in Moro 8 11 Co. 20.20 gan county, from which rich shipments ..I Sugar Utah have been made and which has 2000 National! 12 12 State bank 214.00 feet of workings with four 'known ore Utah Savings & Trust! channels, announces that renewed de. . C will be prosecuted imvelopment work 2oll2o .110 Bros. Walker Bankers ii' and new equipment added, mediately Zinn's Swings Bank &) 8 in order to determine the dimensions 24 t 421.00 of the ore and picking up tho o 20 r t Co ' Tru t 391 .00 Intersections body of minor faults. High-grad- e lead ore containing silBONDS. ver has been discovered in and gold 96 Alta club several places on the surface and at Con. By. & Power Co.. various points In the workings. Over 9S Cltv 8SO.000 has been spent in the work to Salt Lake City Refundand engineers conversant with the date 4 P ing condition of the property have physical 6 Vallev railroad 96J Sumpter made encouraging reports on the pos85 Utah Lipht c Power Co. 4 sibilities of the ground. Lessees have 95 Utah Llpht & Power Co. 6 on Carbonate Hill and the 6 102 shipping ore Utah Hotel Co e of work on the beginning Utah State Capitol bldg. 41 103J will mean considerable activity in that promising district, is the reritonrcK. port. F.lgin. May 27. Butter, sixty-fiv- e tubs at 29c. POTASH EXTRACTIONS Chicago, May 27. Butter unchangFROM WYOMING LAVAS ed. Kr-gLower: receipts. 2.161 cases; known for a number of It has been firsts. 20J21; ordinarv firsts. 181 a lava the Leucite Hills. that years 20: at mark, 21. raffs included. 20t new. Sweetwater county,In Wyo.. is composed Potatoes Unchanged; receipts, leucite. a mineral rich in largely ofThis 20 cars: old. 18 cars. lava, called wyominglte, potash. Poultry Alive, lower; fowls. 19. is there very abundant, and the total of potash it contains is imquantity KVAPOItATED FnilT?. estimated at 200.000.000 tons.' New York, May 27. Evaporated mense, Like theigold in sea water, however, it dull. apples, has not yet been profitably extracted. Prunes firm. In a series of experimental studies of and firm. and Apricots the reactions of various salts on Raisins quiet.peaches, quiet under certain conditions, wyomlngite Wells of the chemical laboraRogerofC. the I.1VK STOCK. United States Georlogical tory Chicago. May 27. Hogs Receipts, Survey, has obtained interesting re10.000; firm: unchanged to 5c above sults as to the extraction of potash which are published yesterday's average. Bulk, 9.63rd 9.80; from wyominglte, Professional light. 9.15C9.80: mixed. 9.409.83; In the Mr. Survey's Wells paper may Paper heavy.7.25.9.30 8.90; rough. 9.30 5.45 ; 9S-prove to chemists who are studypiKS. suggestive Cattle Beceipts 100: steady. Native ing methods of extraction of potash beef western from Igneous rocks. cattle. SOft 10.75; A copy of the report" may be obsteers. 8.759.60; stockers and feeders, 6.234x9.10: cows and heifers, 4.759.85; tained free on application to the di rector of the United States geological calves. 8.50 31.75. 3000: weak. Wethsurvey, Sheep Receipts asnington, u. 8.40 12.35 ; ers. 7.305t 9.30; lambs, springs, 10.00 & 12.4 0. PRINCE CON. SHIPMENTS 71 CARLOADS FOR WEEK 27. Hogs Receipts, Omaha. May 8000: lower. Heavy 9.40&9.65; light. 9.30(?f9.50; pigs, 8.009.00; bulk, 9.355 Shipments by the Prince Consoli9.43. dated the past week to Utah smelters Naamounted to 71 carloads of ore estiCattle Receipts 300: cows tive steers, S.oOffi 10.50; steady. snd mated at 3550 tons. This is comheifers. 7.00$? 9.00; western steers, 7.50 pared with 67 cars the previous 'week fijrs.OO; Texas steers. 7.00(&'8.00; stockand 77 the week before. The work on ers and feeders, 7.00fr?X.75. the new mill is being hurried along, Sfieep Receipts 100: steady. Year- and the expectations are that it will 'a 1.00; wethers, 8.239.75; be operating by the first week In July, lings. 9.00 or about five weeks hence. lambs. 1 0. 00 & 12.00. Co-prefer- CAMP WHEAT PRICE Morgan-A- New York. May 27. The statement of the actual condition of clearingforhouse the banks and trust companies week shows that they hold $61,975,350 reserve in excess of leral requirements. This is a decrease of $11,350,050 from last week. The statement follows: 4 0n le TURN rgentine $3,402,895,000 40 S3 !i " mi intpr. V.ioo 92J 911 92 Int. M. M. Pfd ctfs 26 26 500 K. C. Southern .. 54J 542 55 13,300 Kennecott Cop. J12S Louisville & N.... ' V.ioo 1093 109i!l09i Petroleum Mx. .. Miami Copner ... 1,100 361 11 M.. K. & T.. pfd. 61 Missouri Pacific ... 7SJ Montana Power ... National Lead .. 600i ITS 17? m Copper Nvada . . . 1.3f0:i05 105j!l03 X Y. Central Y.. N. H. & STOCKS. 4 " & O 112itll24ill2J Canadian pacific. Central Leather Ches. & Ohio .... M. & St. P C. 130J r ,lil. & N'western 20 J 2oi 21 Y.soo & p. n. i. Ky. c. 700 531 52 i 52$ Chino Copper ... 422 Colo. Fuel & Iron 2,300 43g . . . . i 19 It.. Products Corn " S45 S33 83J Crucible Steel .... Vioo! 51 508 50 i 900 Sec. lHstlller's HI 3 Si S3 ,800! Krie . ... II i 0 ... tleneral Klec. 300 121 1201 1201 ;t. Northern pfd.. 700 4H 402 401 IU No. ore ctfs... 103J Illinois Central 84 Norfolk es-ta- c 2 63 4.400 84 84 81 S4t 6,300 85 200 1051 lOoiUOLf 874J 87S 4.300 88 900 91 a 9U 9U 87 R74 600 87 91j S.100 92J 91 2" i ' 1600 179 178 178 700 54J 541 544 . 62 Y.ioo 97j "97 97J N.' Concerning the local securities and their activity, together with the quotations on local securities. John C. Cutler, Jr., has the following to say In his regular weekly market letter: "Nearly all lines of trade In the United States continue to report satisenfactory business conditions, andfactoMills and prospects. couraging ries are active. But James J. Hill, a in the industrial prominent world. In a figure recent address said: 'We have a feverish that may vanish over night.prosperity The great bulk of the business now taxing the capacity of our railroads arls?s from the war necessities of Kuropo. 'In tUtah, reports as to crop conditions are better since the rains. The beets, especially, have been greatly benefited by the rain which fell durthe past few days in Utah and ing Idaho. The manager of the Utah-Idah- o Sugar company says that 'in some sections the beets were in precarious condition on account of the drought. The rains, however, have eliminated the danger. Replanting was done in some sections which would not have been necessary had we been sure of the rain. Now there is everv indication that the crop will be and a normal crop will mean normal, much greater production this year than last. "The demand from for sugar in the sack keeps up Kurope the Of the refined sugar Imported byprice. the United Kingdom in January and February, came from the United 19l. 52,000 tons none In 1913. States, against "Distinct betterment was manifested the latter end of this week in prices of local securities, caused by nome investors selling sugar stocks and reinvesting in other stocks and bonds. "Local securities and stocks have been active in this mining cltv for Rome time, while real estate has been quiet. It may be possible that real estate will become more active during the summer. In Chicago real estate transfers during the first three months of 191 or $23,202,87$ aggregated more than a $43,361,856, year a?o. "If the hlsh prices for metals, sheep, cattle and farm products continue for some time to come Utah may place Insome of their profits people our leading cities." in real The Cutler quotations follow: 6,700 "74 1; "74 I 741 1.100 56J 56 i f.6i 1,000 60S r9j SSI VISITED AND ACTIVE IS FOLLOWING A LEAD; 1 OF WEEK-EN-D AMER CAN FORK IS 1TIC RAINS IN CROP BELT LOCAL SECURITIES I UTAH CON. OF of the old Buckley taled $9187.79. new Reorganization has taken place in Utah, and the name of the company is the Buckley There & Milling company. Mining were 1,250,000 shares in the old company, of which about 1,000.000 shares were issued. The new company has the same number of shares, but has1 re-to. duced the par value from 1 cent. The new officials are as follows: Scowcroft of Ogden: President. Wlllard vice president. W. N. P.Williams of Salt R. Morris. V. P. Lake, who with and John Pinjrree of Salt Lake. Strange J A. McAllister of Lcgan and Morgan Knapp of Richmond, make up the directorate. An assessment of quarter of a cent has been levied to raise a development fund to begin operations. The Buckley mine is at Central- - City, Colo., one of camps'of the state. the heavy producing 600 feet deep, and The main shaft is Is fully equipped: It is understood that cf ore opened there is a large tonnagefrom the shaft. in the various levels The ore ranges from $4.89 to $15 in High grade is not gold to thein ton. uncommon the stopes. It is the exMINING NOTES management to resume pectation of attheonce. operations at the last hour of the deFinally stock sale of the Lehi Tintic linquent WILL MINE GOLD AND was sold but 8500 shares. There MIX IT WITH POETRY there were plenty of takers present. A carload of ore is being shipped 12. SamClarence Eddy, the poet prospec- from the Home Run at Pioche. up to 12 per cent tor, will leave for laho today with the ples of it assayed came with confer. The ore expectation Heofis mixing business mainly from up to one of his prospecting on various levels from the going pleasure. old gold placers in the Bonanza dis- 200 up. It is reported that the United Promtrict of Custer county. Here a party in the north end of of a dozen made up of ontory poets, journalmen will while Lakeviewproperty west of Ogden has district ists and newspaper n run into some ore in a drift from' the in away the summer evenings converse, while in day the hardy shaft. sons of toil will dip gravel and swish the glittering gold into safety vessels. These primeval forests are filled with fi.h and fine hunting. Mr. Eddy is the manager of the CenIMarvve Brafed tral Idaho Mining association. Mrs. lu 2et b1 JMj wot He llil a of number and other ladies ooseo. wKtk Clu Ribbon. Y ualA Eddy will make up the party. Go to Lagoon Decoration day. Fare vnSaowni;Beit.Si&it.Alwi ii,tv.u 25 cents, commencing 1 p. m. 1DID.BY.DHUCG1STS EKEHfeESa high-falute- jH(CHEStmsrp!t8 4 I JJy i ill 1 UNION PACIFIC SYSTEM TIME CARD EFFECTIVES JANUARY 23, 1010. Depart. Dally. Cache Valley and Intermediate (M&lad also, arriving). Ogden, Denver, Kansas City, Omaha, ' Chicago. Ogden (Malad, going only), Pocatello, Ashton, Montpelier. Paris. Overland Limited Ogden, Reno. Sacramento, San Francisco. . . Ogden and Intermediate. Pacific Limited Ogden. Omaha, 4.30 5.15 11.45 11.45 11.55 11.55 11.55 Arrive. , 7.20 A.M... 7.20 A.M... 8.15 A.M... 9.30 A.M... 11.00 A. M. 12.05 P.M... 2.25 P.M... 2.b0 P.M... 3.30 . Chicago.. Ogden. Logan. Boise, Portland, Seattle 5.55 P.M. 5.55 P.M. 5.05 P.M. 6.00 P. M. ' 8.30 A.M. 5.05 P. M. 5.00 P. M. (Butte also going). Lob Angeles Limited Omaha, Chicago, Denver, St. Louis. Overland Limited Omaha, Chicago. . . . 11, OD A.. Denver, St. Louis (San Francisco also mm JVl. P.M... departing). Cache Valley. Malad 10 10 TX . lil. P.M... Ogden. Brigham, ...XA.XXJ and Intermediate. (Denver, Omaha, Chicago going.) (San Francisco and Butte also arriv- - . . 8.15 A.M. P.M... Ogden lng.) Pocatello Idaho Falls, Ashton, Ogden, . 8.15 A. M. P.M... Butte, (Twin Falls also arriving.) Pocatello. Idaho Falls. Butte. P.M... Ogden. Logan. Wellsville and Hyrum also . .10.10 P.M. arriving.) P.M... Ogden, Ely, Sacramento, . 7.40 P. M. San Francisco. Ogden, Sacramento, . 2.10 P. M. P.M... Pacific Limited San Francisco. Portland, Seattle. (Twin .10.20 A.M. P.M... Ogden. Boise, Falls also going.) TVt City TIeket Office, Hotel Utah. Telephone Main IB. i ' |