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Show . n THE SALT LAKE TRIBUNE, SUNDAY' MORNING, MARCH 7, 1920. U - , METALS. II se Cipeer Uvse (Saw L4 pow Oliver A Record of Service 1144'T ( 44. see I M Terk) . Tekl w (M. lewis) (la Leada ,1444 What ye have done. What we are doing. What we can do for you. , Streaks Being Followed From ,Lowest Two Rich Levels. Two rich itreeka of ora ara being fol' lowed into virgin ground by upmlaea from the loweat working, of tho Ryepatch mine, according to the report of H. E. Clement, general manager, who la dl The reeling actlvltiea at thela property. about situated Ryepateh mine, which two and a half mtlea from Ryepateh eta- tton. on the Bouthern Pacific, wee in early daya one of the moat productive nalnee In Nevada. Recently the co pany which la developing the mine decided to Inaugurate a campaign of depth operationa to find the aource of mtneral-laatio- n which waa reaponslble for the large bedded deposlla In tlia old work Inge Thle Campaign haa been auccesaful. according to Mr. Clement. In that the tnecca of the orea haa been pretty well established. After eome proa peeling of eeveral rich ahowlnga which were encountered In doing development work Mr. Clement la confident that he haf found the moat favorable place for alnk-In- g operationa In the meantime, "A" tunnel, the low-eworking In the mine, and 'B" tun nel, on an Intermediate level, have been cleaned and prepared for operationa. Thla waa a task of conalderable difficulty, as both old tunnela wera filled with water, mud and the accumulatlona of yeara. Several rich ahowlnga bava been enooun-tere- d B" tunnel. In Ore from a rich atreak which a being followed by No. upraise from thle tunnel aeeaye 433.9 S. In silver and gold. Ora from ralae No. In the aame tunnel, assava 1433. Aa both of theae ahowlnga ara being followed Into ground that haa never been mined or prospected, Mr. Clement la optimistic In egard to the chancea for finding a large bod v. Good ore la being mined from an up , raise from A'" tunnel. During the past month the loardlng house has been re modeled, a new blacksmith shop built and facilities for more extensive operations generallv Increased. The force has been Increased to ten men. More men will be employed aa fast aa conditions permit. The lease formerly held by F. F. tsvlea haa been relinquished and new lessees have arranged with the company This to start operations Immediately. lease is held on virgin territory, which Res south of the gulch which cuts the Ryepateh property. at A , 4 on Local Exchange. Trading on the Salt Lake Stock and Mining exchange yesterday broadened out, ;alth several specialties transacting heavy buslneaa. Aa a result, the one session held yesterday waa one of the heat held during the week, and, wlllt !t total of 194.410 shares, with a valuation of 812,017.26, was better than tlia two sesaions held on Friday, when the total valuation of stock sold was only 80668 26. Totals for the week were 67.638 shares, with a market valuation of 6116,348.73, compared with a total of 646.066 shares, .valued at 6196,940.63, for the week , . previous. New Quincy, with a total of 4 000 aharea traded, was the most active stock f be board. Reasons for the activity atock seem to be unknown. With thle amount of sailing, the price fall 08 1 cent In strength. North Standard, with 7500 ealee, fell off to 104 cents. Prince d st 71 cents. Rico Wellington Increased somewhat In strength arid closed at 23 cents, with 1000 sales. Syndicate.' with 18.000 sales at 84 as the second most stock on the board. Bliver Shield active seems to be winning Increased favor with followers of few day n3r'teDuflttf the the Bingham Issue has past gained more strength then any other stock on the board. With an of 64 cents, the price rose until,opening with a total of 1100 clove of 66 cents waa reached. ) Of the hlgherd-prlce- d stock s, Cardiff. With 690 sales at 81.63 was tha most One hundred 4,shares of Tlntlc Standard sold at 86.30. Eureka Lilly aold around 24 cents. Eureka Bullion around 23 cents. Tlntlo closed at 11 cents low- - Lonora 4t 4 cents. Quotations fol- - ac-ri- ve lhl LfSTtip gTorga. Bid. Alta Mich Ait lop gtar Alt Coo Alta Tig or Albloe Coo. Am. Con. Cop, METAL PRICES SHOW SLIGHT WEAKNESS little over five year ago, in February, 1915, the Palmer Bond & Mortgage Company vti founded, the first and only general investment banking house in the intermountain region. Its principal purposes were and are: To lupply 'capital on thoroughly sound security for legitimate purposes. To furnish absolutely safe investments to the public. Following are some of the foundation principles of policy which have been strictly adhered to from the beginning: Securities shall be purchased and recommended only after thorough investigation is convincing as to their soundness. Safety of principal and income most be the first consideration. Exact truth shall be told aa to the merits of all securities offered for sale. Highest principles of integrity must be observed in all dealings. In all sales, the interest of the customer must be considered first, regardless of the amount of profit involved in the transaction. Starting in a small way, with modest capital, but unswerving from these principles, the Company haa a record of achievement of which it is proud. During the war, all other considerations were put aside for the service of the government. Every member of tbe organization who did not enter active military service was engaged in other forms of war activities. Yet despite the sacrifices of the war the Company has made Its volume of transactions now runs into consistent, steady progress. millions of dollars annually; and in order to take care of the growing business and to provide for the future its authorized capital has been in7 creased to $250,000. 1919 the transaction of this month of in three Within the apace office exceeded $5,400,000. Through close association with strong financial institutions east and west, a result of confidence built up over a series of years, we have been able to handle larpe transactions readily. Our customers include some of the biggest institutions in tho country, which buy freely from us on the strength of our investigations and But we are no more proud of their business than we recommendations. s and others of small are of the steadily increasing number of means who trust us with their savings and pay us $10 or more a mouth in buying securities on the installment plan. DisQuickened Interest played in Several Issues s (Asked. wage-earner- . ... . Alu Ton Metal prices for the past week, as Bolt? HU! quoted bv the Engineering and Mining Big tot Journal and furnished by the Utab Ora Biff Boovor Cop ... Sampling company, show a slight weakBut .... Bi; ness. Copper closed at II .40, as comBlock Metal pared with a close of 18 SO for the week Biff Cot. Coal . previous, and averaged for the weele t. Eureka SIS 57. as compared with 118.72 Cedar Tall ... also weakened from a close of Coloabue-Bexaspelter ft 95 for the week previous to a close of Colorado Coo . . . IS. 55 for the past week, and from an Crowe Point ... average price of IS 905 to an average of Cardiff Crorr IS 717 for the past week. Cott. Klac .... Offer Offer 2c 6c 44c 2c 26c 27c Be II 25 Offer Offer Offer 6n0 Cow Gulch loon t ligtn Dome Oil Will SELL, Subject Oil 1000 American 1000 Apev Ref 4b D 10on Atlas Crude 5"9 Boston l,c 610 74c New,. Quincy Naiidiiver lc 210 24c 74c 5c 12c 32c Brokerage it to yourself to get facts regarding tho cbancee In the great Texas oil fields, . Send the coupon for FREE COPY of the INDEPENDENT OIL NEWS It shows yon how to n invest tells you of great oil, the world's quickest fortune builder. It tells how others have won and gives you valuable Information regarding the marvelous oil fields which open to TOU the shortest cat to prosperity. Independent Off New. 245 Gilmore Building, Fort Worth, Tixas. money-makin- g oppor-tunltieTl- sand m Gentlemen; Pleas FREE copy of Indap ndont Oil Nawa. Nam Street Town State .01 .01 Sella . Syndicate Stiver King Coal Silver King Con. . . 2.12 1.76 .OS Con .04 .02 1.20 .M .06 .04 04 ft. 80 1. 00 .02 .07 .07 4.00 .20 .8 - 6c. t J6e. 1000 at 12c; 1500 Cup., 1O0 at 88c Mine, 2000 at at 12 Through our foreign connections we ha also purchased, on behalf of customers and without recommendation on our part, various amounts of foreign government and municipal bonds. 1.75 .08 .08 .00 .06 Corporation Financing: 8 85 .09 4.07 .25 80 t 13e. 86c. e. 9e. at 4c. 6e. 1500 et 13c. keystone, 100 at 75c. Eureka Lilly, 600 et 28e; 600 et 24e. Baraka Bullion, 1500 at 22c; 1000 at 28c, 10 daya. buyer . Lehi Tlntlc, 800 at 20c; 9000 at 20 c; 900 at 2le. Leooera. 9500 at 4e; 2000 at 4c. New Quincy, lono at 6e: 6000 at 6c; 7000 c; 11.000 at 6c. at 6e: 6000 at No. Standard, 7ftO0 at 2000 at Original Ban., OpebeogA. 2500 at 3c. 200 7!c. at . Prince. 1000 at 28c. Bella. 800 at 14c; 700 at 14c; 600 at 18c. Syndicate, 1000 at 8e. BbieM, 100 at Me; 2900 et 88c; 100 at 66c. Tin tie Standard, 100 at 88.60, eeller 10 days. Union Chief. 200 at 7c, Zuma, 100 at 86c. Ono Aside from our efforts in behalf of our own government loans, we have been cautious about purchasing or recommending obligations of forWe have, however, bought substantial amounts and eign governments. assisted in the distribution of the following: Anglo-FrencLoan British Secured Loans Province of Saskatchewan, Can., Bonds Dominion of Canada External Loans Argentine Government Bonds 0 h Among the local companies with the financing been of which we have associated-are- Amalgamated Sugar Company Utah Power A Light Company Balt Lake A Utah Ballroad Company J. C. Penney Company Drugs. Inc. Albers Brothers Milling Company Schramm-Johnso- members of underwriting and selling syndicates we have been of the securities of many strong companies with distributors original headquarters outside the intermountain region. Among the corporations the original issues of which we have helped to handle are : A Uc. E. Crum Ft., E. Tlntlc Coal, B Tlntlc Coe., Utah- - Hurricane, Utah Bingham, Utah Myton, Utah N llc. ion Duchesne, 1.80 .88 .04 .10 .06 .06 .01 c. Cop., 6000 at 4c. Alta Tun., 800 at lie. Big Hill, 1500 at Black Metal. 1800 at 12c; 1000 at Coluaaboa-Bea- t II. 100 at 87c; 400 Cmwa Pt , 1000 at Cardiff. 800 at $1.62. Daly Weal. 10 at 3. Dragon, Frame. Empire Eureka - 17.000 3.000 5.000 10.000 150.000 12.000 8.000 125.000 163.000 14.000 14.000 17.000 - ,000 .06 .02 .02 .23 .18 .08 2.18 2.00 .04 Alla Cow, 800 at Alu Tiger. 2000 at INDEPENDENT Toti owe .06 Am. Coo. FREE COPY the plain ... ... Zuma Phona Was. 6840, 225 Atlas Block. Salt Lake City, Utah. 10.000 Beaver City, Utah Hasen School District, Nevada Granteville, Utah Spring City, Utah Weber County, Utab Cache County, Utah Sanpete County, Utah, Drainage District No. 1 Dorians District, Drainage Utah Msdlaon County, Idaho Mountain Home, Idaho Dayton, Idaho Price, Utah Garland, Utah Vernal, Utah Ogden City, Utah Granite School District, Utah . North Sanpete School District, Utah Jordan School District, Utah Millard County School District, Utah Duchesne County School Dis trict. Utah Emmett City, Idaho Enterprise, Utah 8 till water School District, Nev. Elsinore, Utah Logan City, Utah Fillmore, Utah Millville. Utah Carbon County, Utah Richfield, Utah Government Financing: Seanaea Con. ... South Feci a . . . . Silver Shield So. Hecia Ext ... Teroma Tar Baby Tlntlc Central . . , Tlntlc SUndard Tlntlc Drain Tun. Cnrle Bam t tab Con Union Chief Victor Mining ... Whirlwind Writ Toledo . Walker Minin Wood lawn g. 150.000 65.000 State of Idaho Approximately $10,000,000 of financing for the development and improvement of the intermountain region is represented by the above, and this is only a partial list. .90 .14 Sioux Co. OIL NEWS .... Plutua Prince Coo Pa lo a Price Mining ' Provo Rico Argon tine Reeda Peak Rico Well It g .. Net a No. Standard O. K. Silver Opohonffo Original Banoock Ploche Bristol ... 2ic 6c 175,000 60.000 10,000 5,700 0,000 H4I- U- f IrhJf W'estern 19c loon Gnstaveson Oil 24c v 10 P,oyal 15 00 Duke . 100 Bull Bayou Homer 83.00 IlOO Victor Motor & Clutch.., 60c 7 10 Pan Motor 8 00 3000 Cottonwood Grand Central. . ,24c I Oil... 70c J1P0 Old Capital Pet. F. 5c 3000 Double Standard 100 88 50 Indicator 3 Now the leasing bUI has become 3Saw. we look for a boom In the Salt 1'reek stock of Wyoming Bessemer, Big Indian, Columbia. Great Western, Out West, nsas are all Salt Creek Issues. JVyoks specialize In oil stock and keep In J'e Close touch with all markets. If you jlo not see the stock you want, write tin and we will quote you qn aame. fctock can be bought on monthly payments Write us for terms. Send us Jour buying and selling orders. .ytah-Wyomin- t May Dty Mason Valley Moeeow 61c Boston-.Wyomin- B. MonsooHe 14e & Gas . . ... Loafer Allller 11,700,000 38.000 35.000 28,000 250.000 80.000 Utah 12.000 6,000 3,500 15.000 50.000 25.000 85.000 Leonora 7c 30c ,31a 1 State of Uth Salt Lake City, Utah Ogden School District, Utah Alpine School District, Utah Washington County School District, Utah 175.000 Nebo School District, Utah 25.000 Tooele County School District, Utah 25.000 Uinta County School District, KennebO LeM Tin 3c Lusk Royaltv oof) Mascot Oil & Ref to jo, Merger OH 500 Kinney 40oo Hutton Lake JO00 Out West S509 bunset Oil j"0o Western Plains 3000 Wind River P. & R Yoon W'y omlng" Peerless 1000 Riverton 3vo. Ref A We are continuing and shall continue tbe policy upon which thi business has been built up to its present stage, with the hope for steady expansion along sound, conservative lines as conditions warrant. Our business is investment banking. . A commercial bank or savings bank receives money on deposit from the public and invests in notes, bonds, stocks or mortgages the money borrowed from its depositors. , A investment bankers we furnish our customers with soudd securities, of a kind purchased by savings banks and insurance companies. It is impossible for the individual to maintain a trained organization to inThis i a service vestigate and pass on the merits of various investments. which we perform for our customer and the public. Our municipal bond department keep in close touclj with issue in seven states. Specially trained men investigate carefully the security back of each issue. Our legal department, employing aa special counsel tbe ablest and moat widely recognized municipal bond attorneys in tbe United States, makes sure in detail, of the legality of each issue before we complete its purchase and offer it to our customers. Our corporation department, with the aid of expert advisers, investigates proposed corporation issues, purchases being made only when the security is thoroughly satisfactory.' In these investigations, we have the benefit of the facilities of some of the largest investment banking houses, of highest standing in the country, with whom we maintain close friendly working relations. And as a result of these careful investigations, we have purchased and regularly have on hand a wide variety of selected investment which can be safely bought with full confidence in their soundness. follows 95.lfi0.000 600,000 200,000 165.000 81,000 Reno ,,40c 30c ,7 600 i Judge M Keystone c 62c 47c 20c 60 Lusk Petroleum 4000 Y Oil I 'k 10 Great Home Run Hope of leraal Iron Bloeeom Indian Queen Iron Kloff Market Wyoming Big Bear Big Indian 50 Burk OH loop Capital Petroleum ooo Cushing Garber 500 Cow Gulch 1000 500 tmO'Elklioi n . 10,10 Jewel Oil Demijohn Cos Emma Empire Mine Empire Copper Raster Prince- - .. Emerald Eureka Iflnee E. Crows Pt. Beet Tin. Cos. . East Antelope . . Eureka Lilly Eureka Bullion . . Eaat Tin. Coal Gold Chain .... Great Wetter .. Howell 8c 4c WHAT WE ARE DOING Personnel We are the only institution in the intermountain region specializing in the financing of states, counties, cities, towns, school districts, irrigation districts and drainage districts. We buy outright entire issues of bonds, furnishing the money to construct roads, sewers and waterworks, erect schoolhouses and other public buildings, put in drainage systems aod carry out other public work. A partial list of amounts furnished by us at various times for different purposes to states and municipal bodies is as follows: Daly Drag 00 14e We have loaned considerable amounts on Salt Lake City improved real estate and on Utah improved farms. Officers, directors and department heads of the company are a Municipal Financing: Cott. Aleuts . . Camo Daly Weot .... Will BUY, Subject Mortgage Loans: WHAT WE HAVE DONE Bullion 7oo American Oil loeo Atlas Crude 1000 Big Bear 600 Big Indian 5io Boeton Wyoming I0"0 Hutton Lake 1000 Jewel Oil 3000 Out West 3000 Western Plains 500 Lusk Petroleum 500 Lusk Royalty 1000 W indriver P & R 100 Bull Bayou Homer 500 Y Oil & Gas Armour A Co. Cudahy Packing Company Southern Railway Company Ban Joaquin Light A Power Corp. looo at Goodyear Tire Swift A Co. Wilson A Co. Nevada-Californi- a A Rubber Company Electric Corporation Fherwln-William- s Company Bethlehem Steel Corporation United Light A Railway Company Great Atlantic A Pacific Tea Company - : EUGENE B. CHARLES PALMER Preidept W. BOYD Vie and Treasurer Pletident LOUISE 8. URE .....Secretary FRED C. JENSEN Director LEMERT P. VAN VOOBHIS. . Aesietant Mnger ; 'GORDON SNOW-...Satea Manager RICHARD M. PRICE Manager Municipal Baying CHARLES G. VAN ALE TYNE. . Manager Trading Department WHAT WE CAN DO FOR YOU If you arc a public official, We can help you in all public financing. The trained specialist in our legal department will assist in the highly technical work of preparing all the papers incident to the issuance of your bonds. We will advise you as to the best financial plans. While we do not agree to furnish unlimited amounts of money for all public purposes, our past record, as We are indicated above, gives an idea of the extent of our facilities. usually willing to purchase bonds or make loans on a fair basis if our investigation of the security is satisfactory. If You Wish Aid in Financing a Going Enterprise, We may be of assistance to you. We are not interested in promotion propositions, nor in anything of a hazardous or speculative natui,e, but if you desire $100,000 or more to further, the development of a solid, sub- stantial, established business which can show a record of earnings for s' period of years, and which can stand up under a searching investigation, let us know your needs. If you are &n investor. We have a varied list of selected investments which we have purchased with our own money aftcr thorough investigation, and which ws offer with our recommendation. If you wish to save and keep your money safe, You can boy sound securities from us on tbe installment plan along line made familiar in Liberty Bond campaigns. Our Reputation Means More to Us Than Your Money Does to You TRADING DEPARTMENT While our business is primarily that of investment hankers, keeping e on hand a stock of securities, as a merchant keeps a stock of them with our recommendation, we also maintain a and selling goods, trading department, with correspondents in the principal markets of tho United States, Canada and Europe. In this we buy and sell for customers standard stocks and bonds, on order, and without recommendation on our part. We specialize in securities of local, industrial,' commercial and financial corporations, and in all standard bonds. Through our connections in Canada and abroad we are in a position to buy and sell Canadian and European government, municipal and corporation bonds. We also deal in foreign exchange. Liberty Bond &rs bought and sold for cash on basi of New Tork high-grad- - quotation. . 10. lc. TOTAL SALES. Bbaree nnW. 106,410. Vain ef nbnrt eeM. $12,017.25. WEEK S TOTALS. Share aold. 567.A36. Value ef aharea sold. 81 16.84. 78. Ceavsleseesee sfter pneumonia, typhoid fever Bad tbe grip is sometimes merely apparent, net real. To make it real sod rapid, there is bo other toaie o highly to be recommended as Hoods Thousands so testify. Rariapsrilla. Taks Hoods- - (Advertisement.) C 3J0N0 or We .V83, Suite 412 Walker Bank Building. Telephones Wasatch 58S3 and 5SC3. INVESTMENT BANKERS Government, State, County and Municipal Bonds. Corporation Bonds. thing farth- - i Preferred Stodcs, - , Mortgage. , a real |