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Show MORNING, - JULY r 29, THE SALT LAKE TRIBUNE, THURSDAY " METALS. Capper . Stiver Lead (Kew.Terk) Spelter (St. Leals) surer (is Leedea) 6 .VFT.6S 66)44 J1 STEADIER TONE Prospect Mountain Adit, Begun in 1880, Will Soon Connect With Workings. !.! 6,iBI.Mre.io.0ie.e lc installed. ore treatment that may be .ofFkom a point about three miles KAN8A8 CITY. July 28. (United 8tatee Bureau of Markets.) Cattle Receipts, 24,000;. beef eteera mostly steady to strong, some corn- - months ended etv&rr- - heifers, $13014.25; calves, 60 cents higher; top venters, $16; bulk of sales, good sod choice, $14014.50. market 1000; Hogs Receipts, generally steady with yesterdays average. Top, $14 50; bulk of light snd medium. $14 85013.25; bulk ' heavy, $14 50015. Bheep Receipts, 1500; western limbs, stesdy to 25 cents lower. Beat tale. $14.50; native. 2650 cents lower; top, $14 75; fat sheep about stesdy; feeder lambs. 25050 cents higher; of higher altitudes. vertical boundaries of the claim on the eastern slope Mountain. it will reach t OGDEN (nine. A depth of 400 feet on th level of ths s the present at- present the deepest workings. A lateral to the north will p and Eureka the Eureka-KIn- g properties 400 feet below the !,-- 400-fo- ot -.3' chile, cowl cows Deri. Jl'7 .V?T . ,ood !?" .. 7f'JS- - nhilfere $707eM;,Dto glii and belters. $807; euttera, $405; can $308.76; choice feednr cows, $506; rat $506; bologna bulla, $405; veal calves, Receipts, 846. Hog Choice fat hogs, 175 to tunnel. 30 ' v a . 28, Receipte. Is ... l7iC3 fi. lambs, $8010. Sheep I Ml many About 6y be Choice The northern ones. The whole development through this tunn great economiee in mine 1 9Q0 producing wells. 2800 miles Approximately 64 pumping stations. Over 4000 tank cars. 10 modern refineries with total daily capacity of about 45,000 barrels. 10 casinghead gasoline plants. 400 distributing stations in SO hajjvntuktd ut xeiii thejollormug crushed limestones have yielded at, near the surface a large tonnage of profitable ores. For the last 75 feet the tunnel hai .passing through lime shale, a len state. About 6,000,000 barrels crude oil in storage. Marine fleet of 50,000 tons in service. 2. $21,890,898 Total similar net earnings for last S years $56,666,582. Wt Writ for iOiutrated booklet offer and recommend theta notes for investment el 93 and Interest, to yield 8 J. A. Hogle & Co. Palmer Bond & Mortgage Co. Ed. D. Smith & Sons quo-bull- TVolaMawwti maow$Wf art abtmimmd . en- fMa mfmtrth from sbtcm which Special te The Tribune. PARK CITY. JtSly ap- - Hose-Picking-Lac- , Mountain States Rubber Co. i I i SS4 ...lie supplies me movement to the mills and the tatlon rgoods out. In the meantime thq mills have been irking up their raw copper stocks It expected . among the- producers that iu.-e.ir.c- - 28.- - of finished - mediate development work. ' The three men are extensively interested In Jarbidge, and have been the owner of a producing mine in that section for a number of year. Late in 1979 they took options or six claims near Jar-bidg- e. ' Rapid Progress Made - V " in American Con. Mine 7 Rapid progress is being made at the American Consolidated Mines company property In the American Fork district, according to George E. Hemphill, manA large porphyry intrusion has ager. been entered by the main adit being driven to open op at depth the Bog mine. This dike is thought to be about fifty feet generally thick. As soon as the le Mr. cut, Hemphill believes pwphypr mineral values in wilt be found because evidencee quantity indicate that the mineralizing solutions deposited the largest part of their values on top of the dike. 60VEMMEH ?; iRVESTMEX f' FOREIG f BOXDS SECURITIES EXCHAIGI OPENING SALES. Rig UIH. 2000 at SAN FRANCISCO MINING STOCKS. Black Metal, 00 at'6Sc . 100 at $7c, BOO at 3$r. Daly Wfit, 100 at $4.25. Emma. 4 at 4c. Eureka Miaca. 1000 at Sc 00 at 714c. Eureka Bullion, Hamburg. BOO at 4c. Howell. 1000 at Sc. Lehi Tlnttc. 1000 at Price, 00 at SVfcc. Sella. 1000 at Sc. Silver King Coalition. 400 at $1 45. Tintic Standard, $50 at $3.$7H; SI at $3.$5. Union Chief. 1000 at 5c. Walker. 100 at $$0. Woodlawn, 500 at 19c. CLOSINO SALES e. Emma. 1000 at Eureka Minea, 1000 at Sc. Eureka Llllv. 1000 at Sfcc Eureka Bullion. 1000 at Gold Thaio, 100 at Tc. Iron Blooaom. 1&0 at 2?V$e. Iron King, 900 at 22Ac; 600 at 2Sc May Day, 2000 at 2c. .North Standard, 6000 at Sc. South Standard. 1000 at 22c. Silver SMald. 200 at 21c 00 at 22c. Tintic Standard, 1000 st $9 $$ Zuma, 00 nt 18 tic. Eureka Bullion, 27 at Se. rolumbui-Rciall- If i ' Ifiiff mine and about twenty-tw- o miles Lak8 City. Jitv,heat of i Consolidated starts out oompany -- - of debt with 8000 cash In the treas-wlt- h ample equipment In the way r:hinery- electrically equipped,, i "' H ,u d n,!S-car- r an,1 tr?ck. The traps- Rorti,t.l.on Problem Is already solved. The R,a.rU .!!8D8 J,uIed Past the portal of on Its way to the I I ihe 8n? ,er at "urray. Ltah, only twelve miels away. It is the intention of the' directors of the P.eeds Peak Consolidated company to begin active operations at! once. The officers of the Consolidated company are as follows; J. F. Dunn, Frank Andrew, vice president W J. Bardsley. secretary. These, with Harold C. Fabian and Paultogether Kiser make up the directorship. . J. A. HOGLE & CO. EALT LAKE t Wasatch L 77 For Bent youll likely pay heavily for fir Pay a little for insurance instead. Second South street. Just off Main, oa line of travel to now branch postofflee. , Inquire 413 Walker Bank Bldg. UtahHome J Fire Insurance V ; Heber J. Grant &. Company 1 t; ? GENERAL AGENTS. 22 Main St. Salt IJte Phone Was. 2262 City. -- 6c. Owing to general advance ia interest rates, we shall, for a short time at least, be abie to get 7 Per Cent for onr custo& mers on First Mortgage Loans. We suggest that you take ad- TOTALS. vantage of this and arrange to obtain some of tbese loans at the higher rate. ASSESSMENTS LEVIED. Directors of the Beaver Copper Mining company have levied an assessment of cent per share, delinquent August 28. sales date September 21. 'f Aonment of per share has been levied on the Price Mining company stock, delinquent August 22, Mies date September 10. Dre. Shores 4fc Shores Record of 26 Years of Continuous v. . , Success as m Be I Speclsliits In Chronls snd Nsrvous DImssss. Sisks no mlstskil Coma snd get sn perleneed opinion on your csss FREE sod If sndbow you esn be cured or benefiteL Modern Medicine, Organotherapy, Eieo. triclty, etc. Call or write. Office, 24 Mein Street, Salt Lake. Hours: to it Evening. 2 to S; Sundays. Id to IX Ukk. n NOTICE TO CONTRACTORS tSigiiGr Interest Bato s Sharon nold, 2$ 19$. Belling value. 99020.65. DOCTORS OF KNOWN RELIABILITY AND 8 KILL .. Look, at . -- STANDARD OIL STOCKS. ?c. SILVER MARKET. OGDEN NEW TORE. July M Bar ellvw, doaaatle Eeelea Bldg. Uackaaged, H; fontge, 94)c. Maxieaa . Tel. 623 doUara, Tliaa. Walker Bank Building - r' Elalloran-Jud- ine-lu- 1(9 Main you delay, loss. er '(.1 nt carry. 28. presl-Iden- 2'e SALT LAKE CITY. STORE SPACE Better not wait till after your house has burned to get your fire insurance. You plan for other things why not the safety of your house? We will protect you fully against loss and give you the safe amount of insurance to Worklngs above the water level. Special te The Tribune. STATE ST. Whew! Just in Time! I of copper, ordered for Large quantities s ing EVERY KIND, FOR EVERY USE Cottonwood Consolidated Mining company, he 'Re8d' Peak to the During the 'last few days large numbers II aUiinlnK The new companv Is to be calledsouth., the vai. Reed s Peak Consolidated Mining com- - Option on Jarbidge Mine bo reliable. j Reede Peak stockholders have unanimously agreed at a special meeting to consolidate the prop- erty of the company with that of the Big ob- helm to BELTING Cottonwood Properties Will Be Consolidated 100-fo- ot white fast ywrawfaii, . a giriimiiiiiiiiiwiiiiiiuiiiiiMiiiiiMiiiMiiirow as the the level has nproved greatly during the past few lys, according to Mr. Dern. Shipments The showing on : These secured notes may be purchased in denomination of $1,000, $500 and $100. Interest payable without deduction for the Federal Income Tax up to 1919 net earnings before interest and reserves metal up to 9 cents This has quieted lambs, $10,500 II down, however, and the price of zinc to- A66A As soon information These $50,000,000 Secured Notes are the sole funded debt of the enterprise, excepting equipment notes and other items aggregating aoout$5, 275,800, and against this the audited statement shows total net assets, including the proceeds of this note issue, of over five times the amount of the note issue. The consolidated net earnings over a series of years make a consistent and convincing record, the audited statements showing an amount available for interest, depletion, etc., equal to 5.83 times the annual interest on these notes for the year 1919, and averaging over 5 times such interest for the past three years. The notes have the benefit of a sinking fund provision at the rate of $2,000,000 every six months for the purchase of the notes at or below 100 and interest. A feature is the noteholders privilege of converting each $1,000 note into $1,000 par value (ten shares) 8 Cumulative Sinking Fund Preferred Stock and itf shares Common Stock of the Company. top-hea- Reported Satisfactory discovery of at present unknown bodies in any portion of the gn r. Corporation wAicA 1 ELKO. Nev., July j of th I rected to driving the 'tunnel to its jective end. The Ruby Hill mines are rapidly - Iiin Sinclair Consolidated Oil tta of pipe lines. r 8Sy aid jtpmree wwpiU Fact Prodncet, transports, refines And markets petroleum prod- irtts. Lead and Bme,tln company e"ned Profits of $147,735. This is before brings total predation and depletion and profits for the first half of 1920 up to I The half year dividend on the $344,975. 80,640 shares of Zinc preferred held by the public calls for $241,620, leaving a sur- I nlur r,( ,103355 This in decided contrast to the first six months of 1919, when the xinc mar- ur- ket wr8 ,wIth I and the price of the metal was plus, I below cost of production. Even then the Zinc company nearly paid its way, show- - ing a loss of but $14,000. Although surplus stocks of xinc have been drawn down to normal and the trade s Hkhted itself, S081110" of the m'al consumption la not yet heavys, In advancing enough to be reflected tationa. Europe, of courses i not a fac- tor. The latter part of taat year and early m this year a flurry of buying, some Leading interests predict a sharp revision upward when once a sustained buyDENVER. enters, because of the ing movement strong technical position of the metal. DENVER. Colo.. July 28. Cattle Receipts, American Zinc, however, hae an anchor 1100; market, ateen steady, cow 23 ceuta to windward dull xinc times which ower. Beef ateera, $9 50'3.36; rows and It is enlargingduring upon. its production of creased when its new factory In Cislum- Hoga Receipt. 600; market 10 ceuta hither. bue Is completed. It was hoped to have DP, 615; balk of an Ira, 613 75014 50. the wheel moving by the latter part Bheep Receipt!, 800; market ateady. Lamb'a, the but August 4 congestion on through $ lfe50 ; yeiir ling.' $0010; wtheri $80 I our rail lines raw materials have been $.50; ewes, $768. held up, and it will probably be October 1 before operations are begun. The demand for lead-fre- e zinc oxide, essential in the manufacture of the auto- mobile and truck tire of today, haa grown with the motor Industry. American Zinc Is fortunate in having in its Mascot mines Conditions at the Emma Silver mine in in Tennessee a prolific source 4f high purity zinc with developed ore reserves sufficient for years to come. Mr. Dern visited the property The strong treasury position of the eom- - Roads Open During Winter. Last Monday a fault was countered, showing strong move Snd some email chambers. This f affords a current of air to the su 1204 feet above It is along and f Secured ar t J district. t Convertible Gold Notes BineLair Gmyeay the American Zinc, I I llA Essential Industry RenOtt June Five-Ye- A Complete Unit in an Reflects Market Status KANSAS CITY. valley valuable ' To yield 8 Lively. morif'nn exceedingly f;,,t r . 3e, t Another !' ir,c!.l,l'li-t"-- The stability of convertible short-teri-a notes Las long made this from of investment a favorite with conservative investors. The five-ye- ar secured 7K gold notes described below occupy a very favorable - position both as regards assets and earnings the audited earnings for 19,19 being equal to 5.83 times the annual interest on these notes. THtb such earnings, the 8 yield made possible by present conditions is decidedly unusual and the' privilege of conversion into the preferred and common stock adds an opportunity for enhancement in the value of the principal as well. - - . ,VN0- 'entrance, thus eliminating 4 y. well-secur- ed Heading Will Afford Cheap Stocks Are Afflicted Out nomical and With Lethargy; Selling in let for Mine Products. Issues up Spring Jt Earnings 5.83 Times the Annual Interest 0 1 - I CHICAGO, Special to The Tribone. JnlyJg. Rciral of exp M 4- NOHTH SALT LAKE, July 28. Cattle Re-- 1 mend helped five comparative eteedinree to the I ceipta, lioee; market, steady; good demand for I wheat market today after the bewildering down, fat a teere and rowe. Choice eteere. 680876; Ward an In, in pried during the forty-eigThe close wen irregular at le good eteere, $808.75; fair ttcera. $007; choice j houm before. 3 with December cows end heavy heifers, $0 5007.25; fair to j net decline to odea nee, I Com good rowe end belfere. $5 25 00. 25; enrtera. $2,341, to $2,341, and Match $2 37)6. to 3303 75; ceanrra, $2 5003; fat bulla. $4,750 I gained Sc to 3Hc. oats sad pro-32I bologna bulls, $404.75; light veal calvea, visions 22c to 70c. c I Estimates which were current that 2,000.000 $9010. Hog a Receipts, 226; market steady, strong I bushels of wheat bad beea taken at the Choice prime top fat hogs 175 to 250 I board for export led te covering by shorts here lbs.). $13014; bulk of sales, $1301$. 75; feed- - I. infers the absence of any fresh liquids tlon an ere, $10.60011 50; good drive la hoga (176 to I the part of holders tended to rally tbn market. Eco- I 250 lbs.), $12013, Rural offerings Increased, however, and crop y Sheep Receipts, 1058; market steady; good I reports from the spring wheat states continued Good demand. choice lambs. $10011; choice I optimistic. As a result price lpturns did not All-ye- ar yearlings, $7.5008.60; fat wethers, 66 6007.60; I last well, despite strength that developed la ; fat ewes, 6506.06. . other cereals and In provisions. Dry weather advices from Illinois, Missouri I land Iowa were chiefly responsible for a sabatan ST, JOSEPH. i lial advance, scored by com. It was a generT. JOSEPH. Mo.. July ,8 Hogs Receipts, ,Cc,pted opinion that rain would be very Tu ; beneficial " " in the throe states named, although ' I complaints of deterioration were as yet few I attie EUREKA. Nev , July IS. The most ImReceipts, 20K0; corn fed e terra steady I XU1 DeiWfPB. listed issues the in to progslow. in Activity now others cows expensive $9 stronr, Steers, 04jl6; portant development work Oats ascended in sympathy with com. heifers. MftOfttl: calves, $ 50i 14.50. This Packers were active buyers of Uni. ress on the Davis properties is the ad- on the Salt lake Stock and Mining Ex- andSheep 2500; market Ewes. Rectipfs, steady. circumstance, together with higher quotations vancement of the Prospect Mountain tun- change yesterday was mainly responsible $14615-80- ; lambs, 1768 25. climb on hogs, made the provision market In for the total sales, valued at $8026.65 for throughout the day. nel, which will when completed, result to 28.128 shares. OMAHA. Tlntto Standard, with 1411 BANG a large saving in operating expenses OF THB LEADING FUTURES OMAHA. July 28. (United States Korean of four companies whose mine workings will shares traded in, led the market. With Markets.) Cattle Receipts, 830; market gen-rall- y this amount of selling of the stock the be directly connected yith it at differsteady oa all claa There issue held steady. 11,000; . remarkably Hogs course. Receipts, , ent places on Its higher. Medians and light batchers, $14.25 i , om . Prospect-Mount- ain TunneL com- was a spread of only 2)4 cents between cents -415 25; packing grades oaeeOy 413 50 sent Cap. 615; 3.35. I close of and 1876, the the days high OH pany was incorporated August 22, Dec, JOne hundred shares of Walker sold at Sheep Receipts, 1T.500; filling classes about Oats "by R. Rickard, W. W. McCoy, T. - Read. lambs. $15 range steady. 40; OtH( Top feeders, strong 112, for $3.05 and 100 shares of Daly at $4.20. B. K. Morrison and others, to cents higher; best sale feeding lambs, rw )615 to 10 of share, little vlaue Prices the showed a per of stocks of par shares cheap $13.73. Pork take over the tunnel location and mineral variation. Eureka Mines sold at $c, HamJuly . . R. Rickard and John Hchoenbar burg at 4c and Union chief at 5c. North rights ofwest CHICAGO. Sept. . side of Prospect Mountain Standard, with 30o0 sales made at 6c, On the 23J9 was the most active stock of this class. CHICAGO. July 23. Cattle Receipts. 7000;,-choi- ce Lard In. 1880 the tunnel had been driven 1100 feet. c, steers to of a all others steady Eureka Bullion fell off to strong, Eureka depth feet and gained draggy prices unevenly alow to 25 cent lower. From that year until 1919 there was prac- Lilly to 64c, Gold Chain to 7c and Big at 1oR handyweight steers, $17; best yearlings., - --- Eugene Hill to 2Wc. tically no further progress; and Davie then purchased all the Intereata in Woodlawn. on the report JhatJhefls-- I bulk of Lbct. eights, $12010, bologna bulls control. iura on the 100-fo- ot level the company from Ihe parties litMountain opened alee, $0.2507.25; 'butcher built.active, CASH QUOTATIONS $8010: beet f and that Indications of the proximity she The portal of the Prospect up stock other to weak 1 lower; grade, - 1 "d tunnel is on the west side of the mourn of a shoot of rich ore existed, Jumped to bulk of .toady, cutler; $AJO01O.wrc.nn,ro"eni I. 13c. tain of the same name, and150at an eleva Black Metal sold at 6)4c, Emma at mostly $4 2506; c.lves, steady, 115.78017.26; Voon-- No No. 2 yet2 mixed, $1.4001.47)9; above feet ia 7225 feet it tlon of 6)4e and Price at )4c. Howell seems to elected, $17 60; Stockers, steady. the level of 8prlng Valley, that lies be- hold strong.- - A thousand shares were Hogs Receipts, 16,000; market uneven, 10015 white, J .hli. 78079c; No. tween Prospect Mountain and the range sold of this stock at 6c yesterday. Zuma cenu higher than yesterday; closing strong. 1 west. Top, to the $16.66; bulk light and butchers, $14 600 78gIS0 2 $2.0402.07)4 of mountains sold at 16)4c. Silver Shield around 22)$c packing sows, $18.60018.75; pigs, and South Standard at 22c. Quotation, 16.65; bnlk B.rley, 95c $1.05 higher, bulk 619.75014 50. follow: Milling Sites Available. 17,000; 8heep market, uneven; Receipts, LISTED STOCKS lemhe mostly week to 25 cents lower: shoep steady. Top western lambs, 615.50, bulk of sties, $15015.50; top native, $14 73; bulk of alee. $13 60014, good yearlings, $12 50; range uethera, $10 50; top native ewes, $8 25; feeder, lambs mostly 12013 10; young native breeding I A lzed In handling by gravity ail AiHlC ewes, $8 6009.25; few wee tern up lo $11 25. n in mines of ths any production easy grade ; . ,.,.1IS Expensive 1920.-- ge Trust Go. Sealed proposal will be received by ths tmderaigned st ths office of the clerk of the board of education, city snd county building. Bait Lake City, Utah, until '12 oclock noon Monday, August 9, 1929, for labor and materials required for the contracts for the Technical High school, altuated oh Third West between First and Second North streets. Salt Lake City. Utah. Drawings, specifications snd Instrue-tloto bidders may be examined at ths office of the clerk of the board during the regular hour of each business day. Drawings, specifications and Instructions to bidders may be obtained at, and removed from the office of the clerk of the board, upon deposits aa follows; General contract: First aet, a deposit of $26; each additional set, $1$ fee and $26 deposit. Heating, ventilating and plumbing contract; A deposit of $16; each additional aet, $10 fee and $16 depoeiL " A contract bond in the eum of fifty (50) per cent of the contract amount, executed by satisfactory sureties, will b required. The proposal shall be accompanied by a certified check made payable to the undersigned, amounting lo at leaat five $ per cent) of the amount of the proposal The aealed proposals will be opened in public st the office of the board of st 12 oclock noon, Monday, August 9, 1920, The right la reserved to reject any or all proposals. BOARD OF EDUCATION, Skit Lake City, Utah. L. P. Judd. Clark. By r847t ns sdu-cati- , LINSEED. DULUTH, a u.1. July as. Llsaod, $8.1208.32: 33 Years Main at Broadway. - ' Without Loss to a Client. Wasatch 633 Salt Lake, Utah. |