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Show THE SALT LAKE CITY, UTAH, SUNDAY, JULY IIERALD-REPUBLICA- N, FINANCIAL AND COMMERCIAL BUYING OF STOCKS EXCESS RESERVE IN THE CEDAR-TALISMA- JfUi f I LIMITED TO FEW NEW YORK CITY BANKS IS N Iff ROVING INCREASING SHIPMENTS BRING ABOUT DECLINE ,Lll Mill hull ISSUES New-- York. July 23. For all practical purposes today's session of the stock market might well have, been omitted. Dealings were at an Irreducible minimum, even for a midsummer week end, the total barely approximating1 100,000 shares. Of this amount the. usual leaders, like United States Steel. Mercantile Marine, Mexican Petroleum and a few equipments and Industrials made up mor than 50 per cent. Many standard stocks wr not at all, and Kalns of 1 to 3 points In forties of the character of New York Air Ilrake, American Car and more minor prialtles were without the lighten? Influence elsewhere. Kalis wr almost motionless, with rorne lrresrular changes. Pennsylvania ihowinsr silent pressure, with moderate ratrs for Canadian4 Pacific and Atlantic 'nasi L.lne and points for Buffalo. TCnrhester & Pittsburgh which recently Increased Its dividend rate. In point f activity anil Importance bond International constituted th ral feature of Iup the day. S.i chunked hands to the extent f almr?s a I.lf.P?-mostly at Mr.- :i concesnion. and the new French were traded In to a total of tiotpi ;U t:,i).ri(t, M. the subscrip( atthis e. at which tion Issue seems to prU h pesrsre.!." Included several June i'twr.i news of railway earnings. Cana-illstatement I'.iviflr shmvtnsf a net Increase of $ l.ooo.OOt) and Norlit:htty more than Mercantile Western f im.O'Vi. folk to trade ns."urk referred optimistically In the northwest, ondltlons. firpt wh r some fia;n it;e to crops Is appre-h'nl'- 1 I. tUnsrs In foreign exchange were In t'e keT-lnwith the dull stock market, and francs heir: unaltered, sterling with some Improvement In marks and ruMe. were strength-en- e al bank ron'-itlnj by a further small cash Kln and liKrci.'c in reserves, but the rlearlntc hriu'ie statetrent lacked especial fea- Total 'ales of bonds, par value, were $2, "'.""". I". S. Hs and Pnnama advanced J. I'.in.vMd i nnd I", rf. 2s 4 per cent on call !uriEt; the week. ul re-cor- Ansclo-Vrcnr- U - al-i- nr ui ? s 1 1 m:w voiik uroTATinxji, uar.I . . . Amrr. I lee; Aiaer. Can Ai'. r. '. AmT. l.o. o r.' A Susrnr - - A- win P. ,v O Loco. .f . . Vii- - I ... . r j .j Southern . . Kcr.nerott Copper.! o i . t . Nash.....' Pet j Mextcan T Mi.kTai Copp.-- .r . Montana Power National Ia.l ...I NeVTi-- W W in VILYI Norfolk Northern Pi.tfu .f I.I 341 I :.::t::::i 36?i 56J! 3. i .Vo'-- i ?3i' ! 1 ! i r.6i 1J 3 '. 127J 127 1' 34 93 ' 57if 2 i li) 2.2-- . . 461 26 972 o J 127 1 V.--t- IHc- 2''j ii.iii !.... 2 . . .1 76 ' 73 J i ! 29. Chicago. July 10,000; weak at a shade advance; bulk, 9.33f 10.03; light. 9 . rt 10 . 1 5 ; mixed, Hogs Receipts, 9.25'? 10.15; heavy, 9.1510.15; rough, pies. 7.7.W9.70. Cattle Receipts. 400; steady. Native Kef cattle, 7.00ff 10.30; western steers, .7oy S.60; stockers and feeders, 5.005? S.00; cows and heifers, 3.5059.25; calves. S.5O?jfl2.00. Sheep Receipts, S000: steady. Wethers. 6.90ft S.30; ewes, 3.60&7.75; lambs, 7.25ft 11 .05. Kansas City. July 29. Hogs Receipts. 500; steady. Bulk. 9.539.75; heavy. 9.70ff9.75: packers and butchers. 4.65!fi9.75; light. 7.50K9.70; pigs. S.75fr9.25. Cattle Receipts. 200: Prime fed steers, 9. 60 fif 10.35; steady. dressed beef steers. 7.509.50: western steers. 7.00f?3.23: stockers and feeders. 6.00 S.O0; bulls, 5.256.30; calves, 6.50p 11.00. Sheep Receipts. 600. Steady. Lambs. 10.00(10.73: yearlings, 7.758.35; wethers, 7.50f?7.85; ewes, 7.00fi?7.60. Omaha, July 29. Hogs Receipts, 7000; higher. Heavy, 9.204t9.50; light. 9. 75; pigs, S.OOgg.OO; bulk of sales, 9. 23 fi 9.45. Cattle Receipts 100; steady. Native steers. 6.7310.00: cows and heifers, 6.00fif 10.50: western steers. 6.508.75: Texas steers, 6.507.50; stockers and feeders. 6.00 3? 8.00. tiheep Receipts, 1500; steady. Yearlings. 7.00'oS.OO: wethers, tf.7515'7.75; lambs, S.&O'iJ 10.60. 9.15-!f9.30- 30-59- : . I ePt rec CORN 1.100 56 ! 100-fo- .... Dec. OATS ffP PORK .... July Sept LARD Sept Oct RIBS July 1 13.50 13.42 13.50 Sept Cssh quotations: Wheat No. 2 red, new, 1.263 & 1.27 ; No. 3 red. new, 1.25 No. 2 hard, new 1.23JTf 1.27J; No.1.26; 3 hard, new, I STOCK3 I Reserves of July 29.bank theWashington. federal reserve more than $4,000,000 during increased the $181.00 week according to a statement of past the 200.00 hanks condition July 28, Issued today the federal reserve by board. The 202.00 statement shows: (9 IZ j 1 1 7SJ l 2i-- ZZ otal sales for the day. 109,00') shares. LOCAL SECURITIES John C CutlT. Jr., Issues the follow-I- r sr on Salt Lake conditions: Th midsummer itili in business that t;s :ally con:es with hot weather and the vacation period Is apparent, al-- t: ret.-- h the quh'tnejis customary at this Is truieii les than usual, and perio.lects for better ?re n oiirn pn": business! the blano ofuinjc the year. V. ft is said at the Kuropean war Is r.ow casting- the bellteerent nations S over 103.0a ).000 per day. And at this wrtiint: no human belne1 can predict for it certainty when the awful carnage will end. A bankintr pamphlet says: "In the meantime, America is. In many lines, drunk with prosperity wrunp from the-t tnlsery of suffering millions.Is The that polipart of this condition ticians, even those who should rank as statesman, are, for the sake of power, brazenly clalminsc from political the rostrum and through the press that our prosperity, usurlonsly wrunsr from war-tin- ? powers. Is the natural result of American economic conditions. present It will be for history to determine which Is the greater crime. Renins' rich cut of the misery of others or subsequently prevaricating about how our was wealth acquired. -Is not by Our own rreat prosperity means us economy, and any teaching the habit of spending, combined with waires, will be heavy handicaps higher In the commercial contest which Is cornlntr. with nations drilled to the hlgrhest point of favings and efficiency, and with the Industrial army heavily augmented by trained women and Intently alert to retrieve fallen fortunes." Financiers who come here to transact business ay that Utah Is looked upon by the peoplein of the east as one of the best states the country for Investment, and that with the endlnp of the Luropean war Investment houses will lock west for Investments, and as Utah has always been Kuided In her legislation by a desire to treat capital fair, a large amount of capital will com? to this state to finance new manufacturand Irrigation projects, and ing plants railroads will extend their lines the Into paying outlying districts of the tJ f te. Th? rains of the week have been other grow-In- s;;lcn!ld frr the beets andfor fair aver crcps and tho outlook a,e harvests is favorable. JLocal ae- - sad-tles- mi-ro- rs, Barnes Co.. Banking 10 Kaysvme Rank of American Fork 12 12 Hank of Jleber City Bank of Southern Utah. 12 dar Consolidated Wagon & Machine Co Continental Life Insurance Co. , Continental National 8 bank IVseret National bank.. 12 Deseret bank... Davis bank. County t20 Farmington s Farmer A- stoekgrow-erbank . . . . First National bank 12 lAyton First National bsnk. 12 tiijden First National bank 8 Murrav First National bank. 18 Uncliam Guard bin Cy. & Guaran 12 ty Co 16 Hcber J. Grant & Co Home Fire Insurance! 110 Co Hotel Utah Operatlne! .110 Co Inland Crvstal Salt Co. preferred Intermnuntaln Life In sura nee......Cc . .... vin a, mi Mant ruie Knleht Trust & Sav.... ings bank. Provo Co Layton Sugar McCorntck & Co.. bankI- ers - U7 Merchants' bank Mountain States Tel. & Tel. Co National Rank of the 12 Republic National City bank .... 6 National Copper bank . 85 Nephl National bank .. 12 Ogden SalnKs bank ... 12 Ogden State bank Provo Commercial A 12 Savings bank & Salt Iake 8 Trust Co Security Stste Bank of Brlgham 10 Cltv Stste Rsrk of Garfield. 18 Panarulteh State Bank of Millard' 9 Fillmore county.Bank of Rich- 8 State mond . Thatcher Bros. Banking 10 Co.. Ixean Utah-Idah- o Sugar Co... S Utah State National 12 bank Trust! Utah Savings & , Co Walker Bros. Bankers.& id Zlon's Savings Bank 8 10 20 200.00 18.00 19.00 107.00 92.00 170.00 305.00 12 12 12 9 15 50 1015.00 20 260.00 86.00 150.00 12 Resource. Gold coin and certificates ,. In $259,931,000 Gold settlemen fund Gold redemption fund with 102,911,000 U. treasurer tender Legal notes, silver, ctc-- . S. 1,918,000 16.589,000 $381,349,000 Total reserves Five per cent redemption fund agnlnst federal re- bank $ 450.000 r.?.erY, Rills discounted"ptes and bought: Maturities within ten 17,308 000 days.. 19.42L000 I rom 11 to 30 days From 31 to 60 days 40,019,000 rom 61 to 90 days 30.492.0Od 90 Over days 3,807,000 I- - 433. oq 20 155.00 IS 300.00 12 15.15 20 28.00 14 309.00 10 121.00 95.00 13.55 7 117.00 6 110.00 e 170.00 17 287.50 96.00 111.00 12 200.00 6 143.00 5 100.00 8 124.00 20 420.00 IS 432.00 22 324.00 8 117.00 15 225.00 18 200.00 9 165.00 8 125.00 10 170.00 11 18.25 12 212.00 94.00 ii" 220.00 24 415.00 20 333.00 10 Ttal $111,048,000 investments: United States $ 48,656.000 bonds e 'e.ar u- - - treasury notes 7,025,000 Municipal-warrantK- s 27,220,000' Total Federal earnings reserve notes net..$$194,849,000 20.30S 000 Due from federal reserve net 12.620.000 4ianA"' All other resources 5.514.000 Total resources $615,090,000 Liabilities. In Capital paid Henrietta .$ 55.206.000 Government . 56.542,000 Member bank deposits, net.. 491,266,000 reserve Federal net.. 10,122,000 reserve notes, Federal bank notes in Coalition Bingham was organized by a Boston engineer, George A. Packard, is to take and associates. The object over and operate the Butler-Libera- l, and Massasoit Utah Development groups. This ground is said to have a of $300,000. production The company is incorporated under the laws of Maine for $1,000,000. It hae an authorized bond issue with $150,000 worth of bonds issued, but which do begin bearing Interest until December 1, 1916.was leased and In 1915 the property leasers had up to June 1, 1916, the ore. Of this $25,000 worth of shipped amount $10,000 worth came from one old stcpe on the Florence fissure on the Butler Liberal claims. It Is on this fissure that the company is doing considerable work at present. The estate consists of fifty claims. elecThe property Is well equipped, is used throughout and there is tricity sufficient mining machinery to work a large force of men. At present there fifteen men at work. The company owns the Markham mill at Bingham. The property is developed mainly by the Jacobs, Red Wing three tunnels, No. 3, and Massasoit, with a shaft, below the level of the Jacobs tunnel. Besides which there is ten miles of other workings. roughly n mill, Equipment Includes twelve drills, electrically driven, air compressor, of hoist and aetc.complete drills tools, equipment The company's plan of development at present Is to prospect the Florence has made a large profissure, which to duction: also raise from the Red No. 3, tunnel to the surface on Wing the Erie fissure, the distance being 1.30 feet, and as yet not prospected. The Erie fissure has made considerable ore on the upper beddings. the Recently Mines company nt t 200-fo- ot 150-to- Eastern Markets in Receptive Condition (Badger Bros.' Private Wire.) New York, July 29. Outside of forthe market Is without eign liquidation,Room feature. traders are doing any a little and a few professional speculators trying to guess the fluctuations 1,692.000 in certain of the active stocks. Bull 262.000 tips are thick on the war stocks and chiefly so in Car Foundry and AmerThe market is in a $615,090,000 ican Locomotive. circulation All other liabilities Total liabilities Gold reserve nealnst where it could get a very sub and position note liabilities 66.9 por net stantial rise, provided there were any cent.deposit net Vas,h If,.?rve-Wnand note liabilities cent deposit per Cash reserve against net deposit liabilities, after setting aside 40 per cent reserv against aggregate net lia51. i - - . v bilities on federal in cir culation, 70.6 per cent. st rr-surv-n - ,, MOXKV, New York, July 29. 4. Mercantile paper. bills. 4. 715; deSterling sixty-da- y mand. 4.75J; cables, 4.76J, Mexican dollars, 481. Government bonds steady. Railroad bonds easier. well liquidated It Is 'buyers. and has a fair pretty short Interest. What will stimulate the next activity here it is hard to guess. Some people who Jiave been unusually well posted think that a sharp break with big volume would bring attention back to Wall street. There are others who feel that a big break is out of the question. Stocks after the declines are so well down and the public has bemargined come so shock-proit will take a great deal to bring that about a generous feeling. E. F. Hutton & Co. of Test for Potash SUGAR. The United States geological survey New York, 29. Sugar futures has available for distribution its closed 1 pointJuly lower to 10 points net now statement on potash salts for annual 4700 Sales. tons. September 1913, which higher. also includes some simple 5.19; December, 5.02; January. 4.70; tests to determine the presence of potraw March, and holi4.49; refined, The ash. amount of potash Co Trust salts imday. 8 Z. C. M. I ported for consumption into the United a,.3. ?.l!.rin?:r the 5'ear Is given at i EVAPORATED FRUITS. i BONDS. 170.5o5,450 pounds, valued at $3,765,-22New York. July 29. Evaporated ap6 6 I 96 Alta club ples, dull. Con. Ry. A- Power Co.. 5 5 Prunes easy. 981 City (1921) Notes and Personals Apricots dull and easy. Salt Lake City Refund- - 4 4 96 Peaches quiet. ing 1921) Raisins steady. Sumpter Vallr railroad 6 6 Thomas J. Osborne, prominently con961 UV27) with the old Mendah mine and nected NEW YORK CSIIAIX. Utah Light A: Power Co. 4 4 of Pioche, has reother properties 85J New (19S0) 29. Flour unsettled. turned from northern Idaho where he York. July Ac Power Co. 5 5 Utah Light Wheat Spot easy. No. 1 durum. went to lock over a mining property 1030 96 2 hard. 1.34: No. 1 northern in the Lost Packer district. No. 1.30i: 6 102 Utah Hotel Co. f!921 1.41; No. 1 northern Manitoba. Dututh, Director Thompson and A. O. Jacob-so- n 17 J f. o. b. New York. Utah State Capitol bldg. 4 will fo down to Beaver county to1033i 103j 2j Corn Spot firm. No. 2 yellow, 93 S day to Inspect progress at the Beaver I. f. New York, 17 In each instance. Gold Metals and Beaver Copper propOats Spot easy. No. 2 white, 461 Add accrued Interest to quotations on erties situated a dozen miles north47. bonds. west from Mllford. . I 4. - 1 1- -3 ..6 ill forma 809 Kearns Bldg. State Agent, Montana Livestock Casualty Insurance Co. Home Office: Helena, Mont. & EAGLE'S SHAFT 14 FEET IN ORE ILL $35 OHIO GRADE E xcursion PLANS To San Franciscoy Los Angeles $5,000,000 COMPANY; 1900 SINK T0 COPPER Special MASCOTTE INCLUDES At last the announcement comes from Tintlc, replans of theMinwhere he went to make a personal In- from the eastofofthetheOhio Copper organization is stMi spection of the new strike on the 1832-fo- ing companv. The announcement is as even is it but rather indefinite, level, General Manager Imer Pett said to give a little satisfaction it to of the Eagle & Blue Bell was more than local stockholders who have been holdonto their stock since the payment pleased with what he found. The whole ing a share. From $1 assessment of the bottom of the shaft is in ore of good Boston comes the following notice: of Ohio Copper plan for "Reorganization calls shipping quality. The main shaft had Mining formation of company with $5,000,000 new penetrated the new ore body 'fourteen new corporation of which $2,750, r00 will be feet, and still the bottom has not been securities, and stock $2,250,000 6 per cent cumureadied. Only future work will deter- lative repayment convertible bonds. mine the depth to which this ore may The plan also provides for inclusion of Bingham Central railway. go. "Foreclosure will take place August As to quality. Mr. Pett says that it 22. It is understood that holders of of the $1,240,000 compares favorably, in fact, is much more than $1,000,000 Ohio bonds have consented ore outstanding the same character of silver-lea- d to In order that the Bingthe plan. as Is being shipped from the other deep ham Cenral part of the plans may bemine. Judging from come effective, the workings of the will of reorganlzers average from $12 run, it samples demand that 75 per cent of the to $50 a ton. Carload shipments to the Ohio former company's bonds be deposited smelters will have to be made to fully by August 16. of The high establish this point, however. the Ohio and BIne "Stockholders cent 50 40 and lead to shows per grade Central companies may subscribe 10 to 20 ounces silver, with a little ham for the new bonds at par and accrued gold. The convertibles will also be interest. are The deep workings to the north In Issued for the Ohio comexchange some distance from the shaft. The 6 cent first per pany mortgage twenty-yea- r winze, which was sunk in ore from on the basis of $75 in new about 250 bondsbonds the 1700-folevel, is situated for $100 of old. Provided 75 shaft. It is per cent feet southeast from the ore the $975,000 outstandingin time this body may Bingham .of thought that reorsranCentral bonds enter find In the Uzation connect up with the new Ohio of and the rail company Is matter problematical. this but shaft, is turned over to the new comMr. Pett reports that the new $35,000 way pany free from all Hens and debts, electric hoist Is working beautifully. there will be Issued $453,375 par value consideraunder now has The company of new company bonds and $453,875 for the tion fireproof housing buildings Is steel of the stock. Or In lieu thereof, the its whole equipment. The material committee may turn over to Bingham the all Inclose and concrete. It will Ohio committee all bonds This work the of the mine. machinery for which there shall deposited be Issued two weeks. withtheit new will be completed in about information by company for each bond of The following additional s the Bingham Central 461 per cent in comes from The bonds and 461 per cent in stock of the Eureka correspondent: new corporation. Further Details. "The reorganlzers nlan a five vea.ru' trust for the outstanding cap- voting Bliino if x sur and the management was rather worKmen going oreu prised when in the had found reported that they $8 Gold Ore Coming bottom of the shaft which was being streak was sunk to the 1850 level. The of shots fired From Bingham Lease uncovered by a round This shift. important by the previous a hundred feet from strike is a few Members of the leasing company on the 1700. which winze which was sunk is working the Old Bob Smith ore winze in this ceased work When across the street from this tunnel Just new In the to that closely ai4 comparing was office, getting out some very present and Superintenworkings says the the promising ore, dent Owens thinks that probably The companyBingham of the lease is known working this ores In these two places are as the Hays Leasing same vein. He plans to sink now to the company and consists S. J. in part "of 1900 and expects to further open up C. E. Victor Hays, Eckman Adderley. ore deposit. this newlv discovered and G. C. Schliep. While the mine is stillorehandicapped The ore is running about $60 per ton the which of fixed tonnage by the and outlook Is very promising. The to them ship, smelters have compelled some excellent ore the has been taken out runs that states that Mr Owens $8 In gold, 12 per cent copper about on carried is work being development it is believed that they may strike some and thatdiscovmine; alsobeen in parts of the ore the old vein of gold which made Binghave new bodies of ham in early days as a gold famous is which ered in the Victoria property camp. They will begin driftnow owned by the Eagle & Blue Bell mining ing down on. the shaft now and folpeople. low the vein. They are making surveys for an air shaft as the tunnel is very deep and the air circulation Is not as good as It might be. U. S. SMELTING JUNE Weis and Henry Frown, who have been working Harry for weeks, have recently made a several shipment and we are unofficially informed netted them $900. that their shipment EARNINGS Last week Joe Melich, Max Geffen, Robert Herrlck. Archie Stewart and Robert Wilson went to American Fork canyon and inspected the Smuggler Smeltmine. Joe Melich states that the prosJune earnings of United States pects around the mine are looking $700,000, from bringfar were not ing and that a contract will very of auarter second be letpromising an for ing total net for the extension of the shaft in says the the mine to some considerable the vear to about $3,100,000, depth. no He also states that mining conditions This makesMex-Boston News Bureau. from the i were for income never so allowance bright in this na-aHurlntr .Tune. thousrh generally district as at present. ana operation these were in on partial me riKin. s ue ui mo indoubtediy Vieen Imnnseible. how- t SHERIFF'S SALE. ever, to obtain late figures from across IN THE DISTRICT COURT, IN AND , the border. must for Salt Lake county. State of Utah. Other Important consiaerauons earn- - Robert W. Katz, plaintiff, against Marthe e takenTinto appraise correctly t i fiataa Smeltlner. In ftC- - garet P. McKenzie and Rose McKenzie, P. as McKenzie its custom, carries its and Margaret with cordance Rose McKenoeiow i ma.iK.cu guardian for said at metais iar nsold carried zie, a minor, defendants. To be fnr Instance. i., 13 cents, silver at 50 cents, and so sold at sheriff's sale at the west at yiouuv-tlo- n front door of the county courthouse, on. In tne present era. ui in the city and county of Salt this factor of Inventorying is AuState of Utah, on the 23d day ofLake, gust, A. D. 1916, at 12 o'clock noon of Net profits of $3,100,000 for the secInsaid day, all the right, title, claim and ond quarter after providing allAAA Aft of said xor me interest i.wu.uwu erest of, in and cnarges ovc ft ot rlonrprl!! tfnn nnrl to the following defendants, described real propreserves, are equivalent auu-to- erty, to wif: me a nploration ss a snare common, at ior . Commencing point twenty rods early ..... r In g in proillS uio north from the southeast corner of secior me qutu ier, 4.1. 1 sh Owing lur Hie llO.ll ycitl IS cquiw;ui, tion 21, township south of range 1 to tii a ichfire for the common, which west of Salt Lake meridian, and runco mpares with but $2 paid out in divi ning thence north sixty rods; thence dends. If it were not for the Mexican west eighty rods, thence south sixty have earned rods, thence east eighty rods to place ructions. Smelting would or ten times of beginning, containing thirty acres, its common dividend nine over. In Salt Lake county, Utah. Purchase price payable In lawful monev of the United States. Dated at Salt Lake City, Utah, this Secondary Metals. 28th day of July. A. D. 1916. JOHN Sv CORLESS, Sheriff of Salt Lake County, als were recovered from scrap, sweepState of in the United States to the Utah. ings, etc., By C. L. Schettler, Deputy Sheriff. value of $114,304,930, according to the annual statement on secondary metals Young & Moyle, Attorneys for Plainissued by the United States geological tiff. of first publication July 30th. survey. This report is now available A. Date D. 1916. for distribution. and Return Returning yesterday Sale Dates, July 24 to 31. Return Limits, 60 days. ot VISIT AMERICA'S MOST BEAUTIFUL LAKE AND CALIFORNIA, THE PLAYGROUND OF I 0. L. McFAUL, ot District Passenger Agent. Ticket Office, 203 Walker Bank Building. ot ORGANIZED IN BOSTON are-abou- y Ho ff n 100-fo- BINGHAM COALITION 1.221.223. Corn No. of Federal Banks w ot gs vFsn Kearns Bldg., Salt Lake City, Utah. Dear Sir: To have a horse die on Sundayand receive a check In payment of the loss on the following Friday is what I call quick action. This is the record you have just established In the case of the death of my mare. "Maud," and I certainly appreciate inthis kind of treatment. I have always understood that thesurance settlements necessarily moved slowrly. but that in this case, and I hear ory Is exploded by your rapid action similar treatment from you. that This many others have had $90. of course, will not replace the mare, but it will be a big help in that direction. You can count upon me as a booster. Yours very truly, J. G. JENSEN. (Signed) We can do as much for every other livestock owner in Utah. 809 er I More Than $4,000,000 . Added to Reserves I l' 1'ta'u Copper . Vftf.;-lsrpfd P. Cnlor. "Wef. . - LIVK STOCK. 9S 24 i t'referred Flax, :ton 1101 5K 5 1271 12TII2TI Amalgamated Sugar Co.l h .11 f Oft Reneflclal Life Ins. Co.. 110 .... ' a I A'.'-oho- 29. 1274 i.2 Teri'-2J 24 i :: Cop. .. Tetas '( lCJll'":! t2 I"a 1.100 3i 12f54 136J I'n f rof 'rre S2 J S2J ?2J HM7 lw. lf.6J 1. S. f rr!. 2.' i it?.3oo s U. S. Steel sJ: sit h e July 16V 16i; 16J I i s Minneapolis, io 10 ! Pae liy ..... ker (To, . .! dei $7.3-2.S0- 0. Hi 6 61 6Ji . r In-ciu- EN ROUTE TO Murray, Utah, July 21, 1916. Mr. A. W. Smith, State Agent Montana Livestock InsuTance Co., an lead-silv- a. Another evidence of the benefit of horse insurance a tribute to the company with a reputation for prompt payments. crushing-dry-separatin- about 15 lead and 18 zinc and 12 ounces silver. Writing from Beaver county, Mr. Joseph says in part In a letter to the Salt Lake office: "It would hav done you good to have seen the ore bodies we have In sight on the 700 and SOO levels. On the 700 level the ore body is fully 6 feet wide and opened for about 20 feet, and some of the finest carbonate I We took two face have ever seen. that ran 32 per cent lead and samples silver. We did not run on account of no assay material. "The SOO level I did not see on ac count of bulkhead, but Will says it is 3 feet wide. On the 225 level, where iNtcK is worKing, it pinched up. yester and day opened ud. "Anothertoday carload of lead ore went out today and tomorrow teams start on the 150 tons of zino which should run between 38 and 40 per cent carload lots. level is. "The zinc on the immeasurable with no walls and large In sight. will and I went to the west 500 feet of the shaft and I looked about at the copper quartz. That is a great ana prospect; regular in strike andAsdip soon of an indefinite thickness. as we get further along with ore shipments I will have him sink a drift from the 500 level a distance of 300 feet and catch it, which will give about 500 feet of backs. "Another big surprise to me today was the sampling of the big dump, about 6000 tons, north of the shatt house. It went 27 per cent lead and silver undetermined. I have fully made up my mind to earnestly investigate We have fully the milling possibilities. 50,000 tons in sight that Superintend1.22 1.201 1.21 ent Will says will average 12 per cent To that 1.25j 1.244 1.24J lead and 5 ounces silver. end he and I leave tomorrow morning for Los Angeles to consult the Steb-binman and have dry concentrates ,68; .67? .673 tests made on 200 pounds of ore taken .68jl with us. "After that test is completed we reTTil TTTi TTTi IT Good Springs, where seven turn 431 .43 .43g .43i of his via mills are in successful operation on the same class of ore as ours, with "T6T47 f26.50r2o.'7525."7r wonderful results. "The stockholders cannot appreciate 24.75 24.85 24.65 24.75 " our possibilities and if they did they would be very enthusiastic. Our sur12.70 12.72 12.65 12.62 face Improvement are in fine shape and 12.70 12.75 12.62 12.75 I do not regret the money they cost. The boarding house Is being run cleanly and gives general satisfaction to all 13.50 the men." 13.42 631 . s.ctttrn S u m : 93 30 3li Wet..! Pac. . . Mail & Tel. . . Pac. Tel. vI n la . . .' Pnn Ft a n. up;et"..' Ite.if.'iui; Ker. Iron A- - St- - et Shatttiok Ariz. Cop. $42,-00- 0. 43i 431 43 . . N. V. iVnr.il. . . . . j N. V . N. II. A II . ,: A-- 00; m ob a LJeact oor e n will soon That the have its biggest problem worked out, the separation and concentration of its ores, is the large deposits of zinc-lea- d opinion of Harry S. Joseph, managing director, who has spent several days at the property. Following this he is a consignment of ore down to taking Goodsprings, Nev.. to test out some of their mills on the ore. At Goodsprings g half a dozen mills have been operating with eminent success for the past two years. It is thought they have already solved the It is estiproblem. mated that the Cedar has one dump with 6000 tons of ore that will cerry 27 per cent lead. The other ores range Cedar-Talism- & - T? 11 f .6tr, SSI CnrPT a $52.-7:0.0- Chicago, July 29. Increasing receipts from the winter crop region, together with predictions of slightly cooler weather In the northwest, gave an adto the bears in wheat. vantage today in consequence, the market Largely closed weak, J to U net lower, with at 1.211.21. and DecemSeptember ber at 1.24(1.241. 1 In corn, the outcome varied from decline to a like 1 to g down, and advance, oats finished provisions up 5 to 1012), except July which showed a nominal setback pork, of 70. call for cars the Enlarged to make the winter wheat belt tendedthroughout wheat bears somewhat aggressive, as the movement of the new wheat to markets already showed a primary notable excess over last year's total arrivals at the corresponding time. It was said that only the scarcity. of cars hindered receipts at present from Elevators reaching In Kansashuge were proportions. asserted to he full to the roofs, and there' was gossip also the that In general of the new fine. Thequality wheat was outlook for somewhat lower temperatures northwest tendod further to handicap the bulls, as the prospect seemed to make speculators more Inclined to take chances on the theory that Canadian fields might escape with relatlvelv smaller losses from black rust and from heat blight than has been the ease south of the inline. Although some fresh ternational Canadian crop damage rallied reports the wheat market late in the session, the effect on values proved to be onlv of a transient character. At for the time being, a majority ofleast dealer. seemed to have accepted the view that the great bulk of the Canadian crop would be saved. eventually Scattered showers in the southwest tended to ease the deferred options of corn. The July delivery, however, remained tight. Oats were bearlshly affected by reof excellent ports for the market. Threshing conditions was expected to he in progress on a decidedly more liberal scale next week. Provisions averaged higher with hogs. The amount of business done though was email. Leading futures ranged as follows: Open High Low Close WHEAT I 5 001 j . . The statement of the actual condition of clearing house banks and trust companies for the week shows that they hold S109, 246,310 reserve in excess of legal requirements. This Is an Increase of $1,160,950 over last week. The statement follows: ACTUAL. CONDITION. Loans, discounts, etc., $3,188,331,000; Increase, $3,985,000. Reserve In own vaules (of which $333,137,009 is specie). $428,941,000; Increase. $711,000. Reserve In federal reserve bank, $166,025,000; Increase, $952,000. Reserve in other depositaries. Increase. $101,000. Net demand deposits. $3,125,968,000; Increase, $1,220,000. Net time $185,261,000; decrease. $2000.deposits, Circulation, $31,447,000; decrease, reserve, $647,686,000. Aggregate Kxcess reserve, $109,246,310; Increase, $1,160,930. banks and trust SummaryIn of state New tlreater York, not companies In the clearing house statement: Loans, discounts, etc., $716,283,900; decrease, Specie. $60.107.900; 'decrease, $295,300. laical tenders, $3,108,200; decrease, $3.300. Total deposits. $$63,943,600; Increase, $3.4 4. S00. Ranks' cash reserve In vault, $11,- $$n.Q0. Trust companies' cash reserve In vault. $37,335,200. ! r K. A T. pfd. . - . .'' Miouri Pacifi- New York, July 29. IN VALUE OF WHEAT 2 yellow, S3 Jit 84; No. 4 yellow, 801081. Oats No. 3 white, 4141J; standard. 41J(f?42. 500 Rye No. 2, new, 1.00. 34 curltles are only In fair demand and 33 35 20' 117;il7g'U7J 6475. Barley .'103 supply. 6.50. Timothy 1.400! 161 15; 16 The Cutler quotations follow: Clover 7.0014.00. 47i J Pork 25.0025.75. .f....;ll33 Lard 12.72. O 8 S J S3) Ribs 13.2013.80. 4 co ...11 43ij 43J 43J 315: 34J 1.2ft0 33 ZOft lSHJ lfis !167 pf.j ctfs.f - M. M K. 43 13 133 20rtf . . Tiit. Mar. X. J ll 47 49 II 300' ........ 'n. Corp. Inspiration Cop. 6! 7J 200; 4S Ir ie C.en. Ilectrif . . . C.t. North, pfd... Inter. 1 67 m 175 IS 1.100 1765.1753 1761 r.rtO r.2". 53 2 i0 I T.rtO1 5?3! 591 &4J 43 300: t5 127 . . . . . tlo Ore t f 3 . IltinoW Central 321 33 7SJj 781 103 j io3j i 631! ! 4An' 3rtft '!. 'om Prod. Ilef nd" Sterl Sec D'.MUIers' I 3i 79 40 3.200 ; ny. . . . h! tin .Topper K. & Iron (110 400;12&j:i2?j'l25i :,soo;it4 son: 1.2o; ...' S.J! S5i R4i - i .v p. sn .p rsj 3 : 4 ! i H. T. . Unwklyn PuJte V S. Cop. California Pet. . . Canadian Pac. . . Central Leather . Che & Ohio C. M.A. X- St. P. . . .. "a.rr. N'ortF.w. . . C. S)3it 92 J; fief.! A- Atchlsn Pa id f. . . . pit. T T Amer. A tuer. '... I S. Anaconda Cop. A ss: "." SJ; ii riii : ; v K- S. I .""ft . i' I. .;haresi II INCREASED OVER MILLION etuirn MICK AT DEPTH Cedar-Talisma- STANDARD 1916. SO, Herald-Republic- S an if lite j -- n v--a r m . h mm maM n m ua n . Press-Bulleti- n. a THE MUSTEK SPECIALIST RELIABLE, r nt. - . . A 1 O 1 ckf-- . . iui . 1 a. . " Large Copper Sales New York, July 29. In addition to d sales of rumors that some large resales metal, had copper, partly 241 taken place around d cents, cleaning copper, it up most of the was said that larger agencies, while still holding nominally around 29 cents to 291 cents, had been making sales for last quarter delivery at 27 cents to 27 cents. Iron unchanged. low-price- low-price- EDUCATED, EXPERIENCED CONSULT ME. FREE Blond, Skin, Kidney, HIadder Urluary, Aervon Diseases, H h ouma -Yaricone m, Kl- -t Veins, Pile. u 1 a. Ulcerations are the ailments I have mastered and of my opinion .YOUR cane Im yours the asking. ,(or Head. Think. Act. 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Lndlcst Ask your PrufrcUt for a Diamond TimniIA J'ilU in Ked and Uold metallicVW fth lilue Ribbon. boxes, sealed IT Tabu nA Iin. 1 ( , Ar van jy Ask for Cli'l-II K IruCtrl,i. I DIAMOND KKANU 111 S. for Ua, w- - 4 M lC V years known as Best, Safest, Always Reliable SOLD BY D31CGIST5 EVERYWHERE |