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Show THE SALT LAKE. TRIBUNE, SUNDAY MORNING, JULY July 18. Corn maintained strong tone to the last and the finish1 wa near the best prices for ths day. The feature of the market was not so much tha buying as thf lack of aalling pressure, and the opinion prevailed that thp big short lines have not Ijeen disturbed. to Price closed strong, with corn above higher. Oats finished !e to yesterday's close, and provisions riba stronger a a whole. July pork andunder ware th exceptions, being lower liquidating sale. Reports of the appearance of black rust In tha northwest wa responsible for th bull market In trade. The trade was in dined to buy corn on the theory of com paratlve values, believing that any ad vanca tn wheat at a result of the talk of rust should be reflected In oprn. Com mission house buying, short covering and long purchases by th pit trade featured tha market. Selling pressure at no time was large. Receipts continued of good volume and the weather was reported Ideal, all indications pointing to a bigger yield than estimated by th government , yesterday. Oats also showed strength, because th government crop report was not so bearish as tha trade had anticipated, and this encouraged some short covering. and- - uninteresting Aw exceptlonaily-siow-trade waa noted in provisions, with valuea covering a limited range. Th price trend, however, waa higher, largely because o th strength shown in hogs, which hold steady to 10c higher. MADE SPECIALS CHICAGO, Great Interest Centers in Semiannual Distribution on Minerals Separation Hear Stock Investments Give Stimulus to Trading Here. 5c Ingfs to Be Held in City. L Federal Trade Commission Period of Financial Stress ' to Investigate Charges o Regarded as Unchanged; Restraining Competition. Wool Is Center of Interes Hearing of great Interest to local min'In try men will bo held during the week gelt Lake City In the Federal Trade Commission's proceeding against the Minerals Separation Corporation, Ltd., Mineral Sep oration North American Corporation, Beer, Sondheimer. & Co. and other repon , dStSWhom'Uie ommisslOT"ha Ihe-fnorte- y charged with suppressing competition by an' oppressive system of license agree' manta with mining companies throughout the United Btatea These hearing com menced la New York City on April 7 and continued to April 1. when they were ad loomed.' Similar hearings have been held during the past few days and concluded by th commission In Ban Francisco. Bep are resentstlves of local mining companies the Federal expected to appear bebfore here and give Trade Commission examiner testimony as to the effect of the license conditions of tha Minerals Separation Cor poratlon upon ths mining Industry Utah. Minerals Separation. Ltd., tha parent for company was organised In Londonof ore tha purpose of developing processes exto concentration. In 1910, it decided for this procploit the patents obtained and accordingly ess In the United Btatea Minerals Separation American Syndicate with a London in was organised Limited, need capital of 02,500 pounds. In 1913, the conin was felt for additional capital nection with tha American venture and accordingly Minerals Separation American Syndicate, Ltd., was organised with a capital of 250,000 pounds to taka over all tha business of the first American syndicate. Company Reorganized. tn Minerals Separation American Syndicate, a British Corporation, was in America by a German represented of A Co , firm. Beer, Sondheimer Frankfort. In order to have the American corAmerican an business conducted by North poration the Minerals Separation was organised. American Corporation Amerthe all Thla.otganlxa.tlon acquired ican rights and took over all the Mtn e tala' Separation business hitherto con ducted' by Beer, Sondheimer A Co. and American syndicates. American mtning men contend that the schedules of royalty rates put out by the Minerals Separation North American and suppress competition Corporation exact an unjust tribute from the metal eviproducing industries. According to heardence Introduced at the New York of four methods has the corporation ing, computing royalties: Percentage, unltage, Great stress rate. tonnage and a flat was laid by John Ballot, president of the North American corporation, that the licenses, are permitted to choose any of theta methods but that as a matter of factr all of these royalty rates worked practically to tha asms result Out of every dollar's worth saved, representatives of the corporation stated the company should get in the neighborhood of 1918, Up pent. Flotation Use Widespread. During this hearing, Mr. Ballot stated that he estimated that there were 120 licenses under the Minerals Separation tons of patents treating about 28,000,000 ore annually and about '500 Infringers ton of ore a about 40,000,000 treating year. During the war, according to Mr. refrained Minerals Separation Ballot, from prosecuting Infringers In order to permit the greatest possible production for America and the Allies. Now, how' ever, it is, according to Mr. Ballot's tes tlmony, the policy of the corporation to settle with Infringers upon payment of double the usual royalties during the period of infringement and then to issue a license at regular rates. Last year the American Mining Congress formally Intervened on behalf of the mining Industry of the United States the proceedings brought by the federal Trade Commission. The Congress charges the Minerals Separation Corporation l with the following abuses- Minerals Separation Corporation and to extend lta perpetuate seeking monopoly by insisting that all improvements and collateral Inventions and discovered by licensees and their employees shall belong aolely to tha arsis Separation Corporation; Unfair discrimination and prevention of competition la accomplished on the part of the Minerals Separation by claiming that any use of oil in flotation la an infringement. Stifling of competition Is accomplished by the corporation tn its attempt to buyall existing patents, processes and apand thereby the mining Industry Irreparable losses. By charging exorbitant royalties for tha use of Its processes, tha corporation is preventing tha production of low grade ores. Granting of such a monopoly through patent rights Is dally handicapping tha mining Industry." As a result of one of tha many cases heard in United States courts, the Supreme Court of the United States, on June 2, 1919, in the case of Minerals Separation versus Butte and Superior, ruled that tha use of less than one per cent of oil on th ore Infringes pstent No. 535,120 and that the use of more than one per cent of oil on the ore does not Infringe on that patent. Previously on May 13, 1918, tha United States circuit court of appeals In San Francisco had handed down a decision that the oil flotation process of extracting metal from ore. was free for general use In the United State providing that a proportion of more than onen half of 1 per cent oil was twued. 1 hw i i ratus Two Shift Drive Uncle Sam Consolidated Tunnel Nev., July 10. Two shifts Consolmain tunnel, which has now advanced 140 feet beyond the face thst was exposed when the present company took hold. An Unexpected, width to the rhyolite intrusion has delayed entering th breed-ate- d son of Assuring that has been so prominent In the old workings of this property, and several days will elapse before this sons Is encountered. But delay la acceptable to the operators, as the porphyry la exceptionally well mineralised and present all th appearances of similar Intrusions when near tha ore deposits of that vicinity. EUREKA, hive been driving the Uncle Sam idated State Mine Inspector Visits Idaho Oil Wells ..... Special to i n Tribune. BURLEY, Idaho, July 18 Robert Bell, State mine Inepector, returned to Burley yesterday after visiting th oil properties Oesls Oil company in the Raft River district and th Pearl Oil and Oas company near Oakley. Mr. Bel left for Boise immediately after his tour of inspection end will confer with an official of th federal government relative to th extenslv geologlcai survey of this stats which will soon be undertaken by th state and federal governments. t Th semiannual dividend period last week brought "more money into the Salt Lake Investment market than has been available for two months, and trading consequently was much brisker than for some time. Despite th activity, however, there was no material strengthening in eH prides and Ptf eLrement of uatlon that could be taken as anything Ilka a substantia! Indication that tha period of stress has entered into a better ! phase. Interest continued In th wool situation, and particular attention was paid during the week to the offer made of financing .tha clip through the ,use of bank acceptances to be sold In eastern markets. How much of relief will be found through thi means an alts determination through th attitude of th banks. It is admitted that the only way in which ultimata and complete relief can be afforded the sheepmen a ill be through tha actual purchase of their wool, and pro' pects for that eventuatlon did not materially brighten during the week. Big Money Crop Tied Up. With the funds from one of the section's two blgges money crops tied up because of the breakdown of the wool market and the withdrawal of all buyers, tha money situation here has continued acute In comparison with other parts of the country. Forward looking leader in financial and business circles ar looking ahead, how ever, and, with the crop reports as announced last week showing such a favorable trend of most of tha products of the district, the liquidation of a great part of outstanding Indebtedness is for' seen at harvest time. With apparent indications that the general economic la being made, slowly it is true, ut with marked progress, In eastern Industrial centers, and tha tightening of the reins of extravagance generally, even the lesalmistlc are beginning to eee hope at east ahead. 3c4o Magnitude and' Importance of States Miheral Resources Shown in Surrey. Have You Property to 'Trade? ' '1- - . a f FARMS TO - EXCHANGE 640 acres near one of the Surrounded on all in Idaho. farms. s sides by Eight near railroad station and schools. Every foot can be cultivated. There is not a piece pf ground in Idaho lying any better than this. farm. Price, $100 per acre, including water rights. to exchange for. this., What .have-you- . excellent property! best-town- s HOMES , first-clas- 40 ACRES IN SOUTHERN IDAHO -- Pull water right. Haa been under cultivation for a number of years. Near railroad and good town. $90.00 per acre. This property has Federal Loan of $1585 payable $52.50 per year. We can exchange the eqiiity in. this farm for Salt Lake property. for someone-- ' who This is a pick-u- p wants to go on the farm. trict 3pee la 1 to Tha Triban. MINA, Nev.; July 18. ' If you have property that doesnt just suit your needs perhaps you canjrade it for something that will suit. , I We have a large list of homes, homesites, garden lots, small farms, business property, farms and ranches 'which Here is a partial list can bertraded for other property. " of our trade specials. th five-sixt- Simon Silver Lead Opens Up New Ore Body at Depth r V S WASHINGTON. July 18. Some Idea of magnitude and importance of the mineral resources and mining Industry of Utah may be had from a volume Just published as Professional Paper 111 by the United States geological survey, department of th Interior, entitled The Or Deposits of Utah." by B. S. Butler, G. F. Lougblln, V. C. Heikea and others. Th volume Contains nearly 708 quarto pages, and many mapa. and,. other Illusof trations, including a geologic map Utah, and brings together practically all available Information on tha or deposits of the state, especially as regards their geologic relations. The report consists of two parts Part 3 .dsala .with- - the- geegeaphy-aa- d .geology of Utah as a whole, and described the ore deposits by classes and the manner in which they were formed. In contains also a history of mining development In the state and very full data on its metallic It shows that in value, the metal output BANG! OP THB LEADING FUTURES. having the largest output is copper, which Is very closely followed by silver. Lead follows, then gold, and last- - lagging far behind the others, comes sine. In productivity as measured by value of output, the West Mountain or Bingham district easily leads, Its output being about twice that of the Tlntlo district. Th output of the Park City district is very nearly equal to that of the Tlntlo, and la greater than th combined output of all th other districts In the state except the Tlntlo and the Bingham. Measured by value nearly half th metal produced In th state has come from th Bingham dlstrlcL The Tlntlo district has produced more gold than any other district In th state, out lta record Is nearly equaled by pMng. 63.75. that of th Bingham. The Park City Corn No. 2 mind. 81.83l.e2m No. 9 yeldistrict leads In output of silver, but the low, 31.6261 83. In output of Os to No. 2 white. 31.0861.10; No. t whlto. Tlntlo la a close second. 31 0861. 0814. copper the Bingham district Is far ahead; more than of the copper proBye No. 2. 32 80 duced in Utah baa coma from that disBarley. 81 2561 32. Timothy seed. 510 00612 00. Clovof seed, 325.00645.00. Pork, somlnaL Lard, 318 10, Bibs, 318.00617.58. 11, 1920. Practically all the minerals that occur In Utah in connection with the ore deposits are Hated and described, and th relations of the various classes of or deposits to geologic structure and Igneous Intrusions are fully discussed. In part II. which constitutes about of the volume, the geology and or deposits of Individual mountain or districts are described, some ofrange them In considerable detail. Finally, in an appendix, George H. Glrty, one of the geological surveys specialists on fossils, describes the characteristic follls of the Carboniferous and Trlasale beds In the atate, and shows that their form and general features by e platea By means of these plates and others elsewhere In the volume, showing the forms of the Cambrian, Silurian. Devonian and Jurassic fossils, mining men who have no special knowledge of fossils, should be able to determine the geologic age of any beds In which these fossils occur, and so gain clues to features of structure that many have had a deal to do with the deposition of thegreat ore. Thus a branch of science that seems not to be directly practical In Its aim, may be put to very practical use in prospecting for ore. A copy of Professional 111 may be obtained without chargePaper from the director of the United States geological survey at Washington, D. C. two-thir- ds ORCHARD 10-AC- This orchard is situated in one of the best orchard districts of our state. The crop this year should bring a good many thou- No. 1157 HOUSE on lot South State street. Will trade for small farm. $3000.00. $500 down, $20 per month. FRAME 50x220, located on , 152 No. NEW fire MODERN, brick bungalow,, in one of the best residence sections of the city. Will trade for smaller house or a good What - have - you to offer! farm. Come and let us Bhow you this house. $5600.00. No. 1072 BRICK 3 rooms upstairs 1 acre of ground can be completed. all in garden, flowing well. Will trade for 40 or 80 acre farm in Utah ob Idaho and pay difference. House valued at $4200, Will consider farm up to $8000.00 or $9000.00, Th last report received from the Simon Silver-Lea- d mine waa to the effect that crosscut 701 on First-clas- s water. sand dollars. tha seventh level had opened what mine officials believe to be an independent Trees o good variety and about 12 ore body. There la some doubt, they say, as to whether It Is the main ore body years old, just in prime of bearing. that has been developed on the fourth, This property has always been well Problem. Vital fifth and sixth levels. Transportation Vacant property in various parts of for and is a heavy producer. cared It show made that 8urceys recently There can be no consideration of tha too far to the south to be the main present Industrial problems without plao Ilea encumbrances. all clear the from Free and city Orders or body, unless the main ore body is ing first that of transportation. considerably wider on the seventh level have been issued by the Interstate commerce commission sending cars for the than on the sixth, where It has been Houses for more than 100 feet. Homesites grain movement to the Union Baclfle and crosscut The mineral content of the recent strike other railroad systems, and the car short - Business Properties Lots Garden to that corresponds by opened closely at the coal mines has been bettered age trenching on the surface north and east Small Farms Farms and Ranches during the week. Even yet, however, the of the Copper shaft, which Is located mines are being handicapped, and it was said yesterday by one in a position to about 350 feet northeasterly from the Officials of the A large list. We may have just the property you would like. Try trading. know that there la not a coal mine in main working shaft Utah operating at capacity, through in- company point out that the ore does not I on resemble tha that upper developed to the coal get ability away The expectation has been generally levels. The ore was struck Juat before the Write, phone or call. Wasatch 686, , , abandoned that tha Utah mlnea will be WEEKLY METAL REVIEW.' able to retrieve more than a small part miners began laying off to celebrate the have men since The returned of the tonnage lost during the railroad holidays. NEW YORK. July 18 The steel Indusstrike and other disturbances of the past to work and the development Is being try is being favored with several factors months. Ths realisation of this has pushed ahead rapidly. that tend to give satisfaction. Outstandla prompted, it la said, more tyian the usual the amicable ing settlement between amount of summer storing for Industrial the independent sheet and tin plate Man use. although domestic users ar not genmakers with the Amalgamated Associaerally following the Industrial lead, tion of Iron, Steel and Tin Workers, as a result of which the wage scale which CHANGED ARTICLES. expired on June 30 waa renewed, with Abstracts Garden Lets The strike upon the minor changes, thereby tn shutThe Morgan Chief Mining company filed property Insurance averting Building Site comUnionville the of down of numerous mills. The Horn with tha secretary of state yesterday an pany at Unionville, Nev., Mining market is Ranches Farms and has grown quiet. amendment to its articles of incorporaLeans Businas Properties n Importance with development, accordThe Iron market la pig strong, aa ateel tion, placing the capital stock at 526.000 to J. A. Spiker, president and genInterests scramble for Instead of $15 000 as heretofore. Shares ing of tonnages large eral manager, who Is a guest at the Ho- basic grade. The have a par value of 5 cents each. valley range of 345 to ore has been opened $45.50 Utah. High-grais minimum, ftnd some orders The Columbian society filed Its articles tel of seventy feet In are for a distance up being closed at 346. The output of with the secretary of state yesterday. P. length and haa been (toped for forty pig Iron last month eas 3 041,640 H. Goggtn Is secretary Articles were feet For thia distance gross It average tons, filed with the county clerk June 21 last. compared with 2,985,682 In April. twelve Inches in width. demands have Heavy In both developed Ors which averages 3300 in gold, 634 foreign trades for copINCREASES CAPITAL STOCK. In silver and 15 per cent lead chloride the domestic and In a per, firmer market resulting than Announcement was made yesterday that Is being sacked for shipment to the lor the last few weeks. Large interest work ceased on tha claims many years the Gibson Commercial company has smelter, according to Mr. Spiker. As the have taken substantial orders Ore Two for third content lead the will ore alone of ago, amended its articles of Incorporation to pay quarter delivery at the of pegged, price provide for an increase In capitalisation smelting charges, officials of the com19 cents a pound, and details are being from 3300,000' to 3600,000. pany deem It advisable to run tnls ship- completed for The 1 large tonnages in England. has recently acquired the businesscompany of the ment through the mill. France and Germany. EUREKA, Nev., July 10. Good pipes of Special to Tb Tribua. George H. GUlett of New "York and The Gibson company. The tin In Is market better as th PARK CITY, July 10. At th Naildriver or continue to be found In the Mabl L. Commercial company will enlarge Its fa- Cuba arrived in Salt Lake CUV yester- British market, silver ' and tob, Fisher keeps hts regular sterling excilities for the manufacture of spices, pre- day to discuss plans of the company with change have In th Deadbroke Superintendent now which is tunnel, Sellers improved. fores busy in developing and extracting quote near, Special to Tb Trlbnan. the board of directors. The management by serves and condiments. claim of th Eureka Climax property. No ore. 4815 cants, at delivery from ro. the property ar to tha reeommendr that the capacity of the mill PARK C1TT, July Reports from ths attempt Is being mad to .extract any or effect Report 1 remains quiet, with demand light, that ore showings wer never betbe Increased to take care of the large butLead Keystone ar to the effect that conditions beyond the amount occurring aa the tun- ter FUNDS GO TO GOVERNMENT. the market continues firm. than at present, and ore is being piled been developed. nel material Is excavated. This la being Spelter la much improved over last ar decidedly promising and work progresProvision for the liquidation of th af- tonnage that has faster than It can be marketed with Superintendent piled at the entrance and assays well, up week, but has eased off somewhat lately, sing very satisfactorily. fairs of the United States grain corporathe ora la out proand one of the recent samples containing more were present hauling faollltiea Two cars blocking Hurley tion provides for the return to th fed- Asbestos owing to reported purchases of sine Andy Local week. the shipped There are to until during continue 140 ounces lead heavy of marketing pose than and gold silver, abroad bv American Interest. eral treasury of the difference in capitalsnow the road. . A carload waa mar- content. The face of th tunnel la now 800 times ahead for tha Naildriver. ization between 3500,000,000 and 3150,000,-00Although the spot antimony price la un- keted closes Men I Improves in week. from this thia ia cave property beyond ths recently reported, and to which It is being reduced. changed from, last week, Inquiries have The n being driven ahead by two shifts of Increased. 3150J)00,(J00 will be returned upon the comhigh-graminers. A of asbestos sample STATEMENT. BANK RESERVE pletion fpf the liquidation. been received by J. A. Peterson from A. reWEEKLY FINANCIAL REVIEW. WASHINGTON, July J. McClenahan. who Is directing the deOPTION ON BONDS WAIVED. NEW YORK, July 10. Pronounced Im- sources and liabilities of the twelve fed- Assessments velopment of the asbestos mine situated busiTh Industrial commission of Utah yea. In Llncoln county, Wyoming. The grade provement was shown by the financial eral reserve banks at tb cloae of the July 9 war announced today by terday waived Its preference right to pur- of asbestos sent In by Mr. McClenahan markets this week on an almost steady ness chase 3310.000 of Millard county road is worth 1 2500 per ton. according to Mr. rise of activity, aa well aa prices. Mid- federal reserve board aa follows; ' RESOURCES. bonds And $50,000 of courthouse bonds, Peterson. Concerning how great a quan- year readjustments were accomplished Gold to Tb Trtbna. gold certificates. ... 3 168,929,000 Special strain, demand loan rates easing Gold and CArrytn 6 per Cent interest. The bonds tity of this grade of the mlnehal has without aa PARK CITY, July 10c An aesessment federal settlement fund, nave been sold, but the requirement of been struck, Mr. Peterson haa not re- visibly heavy Interest and dividend cent per share has been levied reserve board 402,764.000 of one-ha- lf the workmens compensation payments found new channels of Investlaw, giving ceived definite Information. 11,531,000 on the capital stock of th Western MoniGold with foreign agencies.. ment. now the industrial commission the first ar made Arrangements being by tor, payable on or before July 20. Sale Most Important of these were the 8w!ss to buy municipal bonds, had been chance over Mr. Peterson and J. B. Davis to have Total gold held by banks.. 3 883.220,008 day la August 16. looked. carload of asbestos whipped to Salt Lake government loan of 525.008,000 at S per Gold The Iowa Copper Mining company hpfe with federal reserve cent and the Armour company note Isat eoon as possible. It will be milled by sue 1,145,102,008 levied an assessment of 1 cent per share, agents .... of 360.000,000, placed on a 7 percent Wall Tinting company, whose the Utah delinquent July 30, aalea date August 28. Gold redemption fund 142,994,000 i Report Tunnel IJlant la situated in North Salt Lake. return, both underwritings being oversubThis plant has equipment similar to that scribed In short order. INSPECT FAN BELT. 31,971,316,000 Total gold reserves Wall street seemed to pay little attenused by eastern manufacturers In milling tender notes, Oliver, Did you ever look at your fan belt It is the Intention of Mr. tion to the outcome of the Democratlo Legal asbestos. .... 136,877,000 etc. when you found your engine overheating? national convention. Recent development in the Alta Tun-ne- l, Peterson and associate to mill the prodA slipping belt means tha fan is going uct in Salt Lake and ship direct to users Reactionary tendencies In general line according to the report Issued by the of reserves Total ..,..32,108,193,000 at a slower speed and does little cooling A good market is said to of business were less marked than in th asbestos. Alta Tunnel A Transportation company secured ' by for th engine. Tighten up the belt evto Its stockholders,, has opened up or of exist for all of the asbestos that tha preceding week. Bankers were Inclined Bills discounted war obligegovernment to believe ery once In a while, or ask a harness men can that June's business a commercial grade In the east drift on Salt Lake reverses, produce. .. 1,296,350,000 man to do It for you. the hegvlest In eighteen months, would Alltlona the Prince of Wales vein, and it la the 1,265,243,000 other diminish In the current period. belief of the management that this ore . in market. 872,591.000 Bills open bought prospects Crop continue extremely body is the extension of the most westerly . promising. of the four ore 'shoots found In the old Park-Uta- h Total bins on hand.... i... 32,934,184, 000 It la too early In the opinion of stuBegin Prince of Wales workings. It occurs at States government dents of International conditions to gauge United A man who is a the Junction of the vein and a bedding bonds ' 26,793,000 the financial effect of German acceptance I plane of the blue and white lime, and Special to The Tribes. 69,000 States United of allies Victory notes. . the disarmament terms. There seems to have a decided rake to the PARK CITY, July 10 The Park-Uta- h United State certificates fit skilled mechanic has east. la making arrangements to A force are broad intimations, however, that reIndebtedness .. 281,942,000 from thia tension may pave th way Two feet of thl ore will easily average of men have been employed ship. for some time lief to a comprehensive plan for the refundtwenty ounces In silver and 26 per cent enlarging and fitting In for trackage at Total earning aaeets 33,242,988,000 completed three fine lead, and will make a fine shipping prod- th 1504 station of the Ontario for this ing of foreign credits under guidance of Bank premises 13,734,004 American bankers. la As uct, aaya the report. work known, on development this purpose. Uncollected items and other homes or haa been delayed by Sloping at Is being prosecuted bungalow a heavy flow of of th Park-Uta- h deductions from gross de- CHICAGO PRODUCE. water from the melting know, through the Ontario drain tunnel, and the but with ore ' posits 797,347,004 will b conveyed to the 1608 station-the- n the lessening of the flow work on It will 145-15CHICAGO. 1 July lq, Butter, steady;--elpFive par cent redemption Kelsey-- avenue. be pushed to determine fta possibilities. raised to the 608 and transferred to 12,0689; aUnd., otbue I fund against 'federal reWork on th property was delayed by the loading station for marketing. chanted. notes serve 12,293,400 K now ,has 150 tona of the severity of the past winter, but from These homes re" right The Park-Uta- h Steady, unchanged; receipts, 11.040 All other resources 3,822,090 the point of intersection of the contact good grade or awaiting shipment, and cnaea. Poultry, unchanged. crosscut with th Prince vein the drift this Is being added to dally. For more Total resources 36,178,377,000 - up to L th- e- minut-e- in on the vein has been extended 00 feet, than 450 feet a vein of first-claore has LIABILITIES. fs nearing the ground In which the been followed, ranging 94 3 In 619,000 Capital paid Croesus other ore shoots, which were so pro- inches wide to four feet. The ore that Is1 design and construc164,745,000 Surplus ductive on the upper levels, are expected piling up is what has been tsken out tn Government" 15,919,000 deposits no to be found In a most favorable lima Ore Ships development work, as stoptng as yet reserve Du to menders' tion. Therq is a rea- has been done because of shortage of men. Last year the company retained J. account 1.839,704,000 Beeson as consulting geolOglsL Mr. Bee-J Twenty more men could be used-- to adEUREKA, Nev., July 10. Five cars of Deferred liability Items 693,334,000 thl son, who has bad years of experience vantage at property. When neces- ore have been thia son why, be must sell Other deposits, including In th Alta field and is acknowledged to sary help Is secured men will be put to 400 level, all shippedfrom thweek from th face of the 65,159,000 government credits ,. be an authority on th occurrence of work sloping ore, and even with th pres- drift north ofcoming old Dunderberg workth ores In ths at a sacrifice. has fa- ent Showings forty to fifty tona could be ings and former unexplored ground. The you ' Total 32,605,213,000 deposit miliarised himself with Alta Tunnel con- marketed weekly. or her shows three to six feet wide a Federal gross acIn reserve notes ' ditions and on his advice th company la the drift la extended and assays 380 per tual circulation will know and .buy a f Delivered ice cold ia cases not only pushing work to th east on th ton. A connection haa been made wttn Federal reserve bank notes 3,130,948,000 Shorta'ge Curtail Prince of Wales fissure, but Is content-datin- g No. T wtnie so that all material Is no UablU- tn net circulation, two of dozen. doing development work on th Into th dumped directly chut and no 000 Mine bargain ties Dutchman fissure, 1050 feet south of th rehandling Is necessary. All other liabilities 42,542,000 Tunnel portal, which show considerable from th 408 to tha old wins Th In mineralisation a favorable limestone Special to Th Tribsaa level of th Alexandria shaft has 36 178.977.000 Total liabilities Order one today. 10 bedding. However, tn advance of this PARK CITY. The big Ontario leased through the loose ground and may Call Him, Ratio of total reserves to net work a detailed atudy la being made of continues to be July because handicapped of irsk Into the Alexandria level any day. and federal reserve not liabilitiesdeposits comth surface and underground lack of men. If fifty good men were to This will open a virgin section of country bined. 43.1 per cent. ' geology which will have an Important bearing apply for work at this property all would below all the old TYNO WAREHOUSES Hyland 1192-J- .. Ratio of gold reserves to fsderal reserve (topes where rich or on th possibilities of that fissure ana be immediately added to the roll. bodies wr extracted from th surface notes In circulation, after setting aalde 1 x of other portion of th company's terri- Another hundred or to could find pay Rhone Wu. 6521. s Salt Lake. to more than 300 feet In drpth, and known 35 per cent employagainst . net deposit liabilities, tory as well. ment t th ties. , to be strong end persistent at th time 47.6 cent. , half-ton- Jnionville Mining Reports Important Find eee made-recen- VACANT PROPERTY -- Merchants 54 50. MAIN 'SALT "JLaiMi tly LAKE CITY Good - Conditions at Keystone Reported Excellent , Bonne-Godda- rd Mined by 0, ' Grade Taken Out Naildriver Ships Cars Climax Eureka of Ore During Peat Week at -- i de 1 IBM Levied by Park City Properties -- of Alta Issued to Stockholders ' Shipping Operations to at An Appetizer Refreshing to the r Last Drop 64; ......... ss ad -- Eureka Mine Four Cars of ........ foe-si- Reifs Special - If -- Labor Ontario near-byPtop- er Operations , 788-fo- ot : par |