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Show - : W THE SALT LAKE TRIBUNE, SUNDAY MORNING, MAY Considerable ore was shipped several yesrs ago from the Ada H.( it la said. Most of this ore was taken from an inclined shaft sunk only a few feet below the ground. The mineralization ia this property is similar to that on the Spruce Monarch. The ore is a limestone replacement, lying in fissures and bedding planes, dn the whole, the geology of the formation is similar to that of tbs Tintie district. Inasmuch as the Ada H. property is crossed by five fiesures which cut the Bpruee Monarch claim with the same strike and dip, the management of the mine are optimistic for the future. A strike of excellent ore was recently mnde on the Index property according to Mr. Woodward. Borne excellent ore has been developed in this property by very superficial development work. high-grad- at Development 4 Spruce Monarch Opens Up Large Body of High Grade Ore. first-name- e d II 16, 1920. ' . March Output of Petroleum Exceeds Best Month Last Year; Oklahoma in Lead. Domestic crude oil production- made a Preparation to increase shipping farecord high In March, amounting to 16,- cilities of the Spruce Monarch mine, 491.000 barrels, according to th Boston situated about twenty-fivmiles south Nows Bureau. The highest monthly outof the Tobar station of the Western put In 19t was 13.1SO.OOO in July, and the Pacific railroad, are being made by March output last year was 3I.2S4.000. Herbert Badt and B. S. Woodward, The gain in March production is due to a large stockholders and officials of the general- increase in output tn nearly ev -who In the country. New are field in company, the city. ery March consumption was 37,539.000 bar-equipment, consisting of a compressor, rols, also a record. Stocks of domestic air hoist and other machinery, hi to be crude at the end of March totaled 126,- 391.000 barrels, against 124.339.000 In Febpurchased. At present, seven trucks are ruary and 127.164.000 In January. hauling ore from the mine. By operatIn the record March production of peing these trucks two shifts per day, an troleum, 34.401.000 barrels, the daiiy aver" average of forty tous per day can be Senator age of 1.177,129 compares with 976.290 In Pittman Outlines made, according to Mr. Badt. The comMarch, 1919. and 954.903 In March, 1913. f If continues for the rest of the pany plans to put in use in a few weeks Causes of Recession . to yearproduction a caterpillar capable of hauling eight at the rate in the first quarter, the " five-tototal for 192o wil exceed 410,000,000 bartrailers. Repairs are 'being rels. made to the road so that the hauling Nevada Mine Oklahoma tn March resumed Its lead Operators. distance can bo reduced from about ing position, surpassing California slight They need homes to live in stores to trade in theaters for amtuement twenty four miles to nearly twenty. ly. Increased dally average is reported for Mr. Badt has just returned from Ban all states except Louisiana. and recreation barber shops bakeries meat markets drug; stores Stocks of 126.291,000 barrels reflect conFrancisco, where he made arrangements WASHINGTON, May 15. Senator in fact, they need the conveniences and comforts of a city. And that bv which the Western Pacific railroad Key Pittman has just replied to the tinued withdrawal since September, 1919. The greatest decrease (1,132,000) occurred will install an overhead loading system isnt all this number of men employed by the D. & R. O. Railway at Nevada Mine Operators association to in California. Uulf coast stocks were dewhereby ore cau be dumped directly new 2,000,000 classification yard ana terminal station at Soldier their 445.000. pleted the effect that the government is not from the trucks into gondolas. . Imports for March established a record will soon be more than doubled. Summit no been and there silver Monarch has at th more at 6.500.000 Operations than selling Bpruee barrels, have been most successful. Only a com- change as to accepting bullion at the March, 1919, by more than 3.000,exceeding OvO. Exports of crude oil, amounting to 361,484 paratively few months ago the lower mint, four times tne quantunnel was started to tap the old work.He said the slump in silver was only barrels, were almost exported in March, 1919. tity ings, from which considerable good ore temporary and due to a complication of Total consumption petroleum In had been shipped m 1904. About 1400 natural causes. China and India had March at 37,539 000 of barrels exceeded feet from the portal, the ore was struck been temporarily satisfied by tremen March, 1919, by more (han 12,000,000 bar-I- f in a true fissure vein Iving in the lime. dou purchases mads immediately after jrela. consumption continues the reet of the year at the rata in the first throe For a distance of nearly 050 feet the lifting the embargo. the Total wil Ibe in excess of remonths, has silver is been her drift selling Germany continually in ore, with The March dally rate 495,000,040 barrels. the mineralization still going ahead serves beesuse her otne money is of consumption exceeded the dally rate of worthless and it is all she has domestic production by more thanstrong. For one hundred and fifty feet 0 This ' wonderful railroad town offers the best investment and the ore has been from two to eight feet to sell, This suphy will soon be abbarrels. wide. Those who have examined the sorbed by the wor business opportunities open in the west today and the entire mine are of the opinion that this drift This temporary emergency will be townsite will be . which has been driven on the footwall protected by the Pittman act for the side has not yet found the true footwall, purchase of silver by the government but is following a horse of limestone. linquiries are reaching the director of Not only is thrs mineralization going the mint from many sources, asking if down strong, blit it has been developed the director will purchase silver when The dioil several levels above, so that the tendered him at $1 an ounce. management is confident that the ore rector is also being asked, if ho will will be found to persist to the surface, purchase such silver if reduced in this making a total of 600 feOt of stoping country but mined in some other counbacks. The ore is maintaining its try. According to Senator Pittman, he grade, carloads averaging from 640 per has officially constyued the Pittman Attend this sale of business and residence lots, ton net upward, after deducting smplter, act as meaning that it is obligatory another opportunity to get in on the upon him to purchase all silver ten haulage and freight charges. , floor of a thriving city when A winze will he sunk on the vein to a dered to him st It an ounce until From ground depth of 500 feet below the lowest 271,000(000 dollars that have been Pn,PPm8 We PtOped values may be had for a property and recoined been level as soon as the new equipment is melted up hare -assure yourself of a comand sil Shoot that Banner in" in Claims in song installed at the mine. In addition to placed treasury, provided t bis work, the main tunnel will be ver so tendered to him is not only future through the infortable 50-fo- ot driven ahead to open up at depth sev- produced but reduced in the United Drift Level. on in property values that crease eral fissures which on the surface show States. In other words, the treasury is sure to come. . great promise. One of these will be cot department will not accept any silver bv driving of the tunnel another 300 except that actually mined in the MIDAS (Gold Circle District), Sev., United States. A eeftifieate which feet at a depth of 1000 feet. For particulars write The coming season is going to be an must be duly executed and accompany 15. The most important strike May Pittunder sale to mint every offer of interesting and important one for that has been made in the Gold Circle whole district, according to Mr. Badt. man act is being prepared. district for some months a strike Several companies, among them the hich would cause a stampede had it index, the Ada H., the Bullshead and Good Ore Being Taken the Black Monarch, expect to carry on occurred in a remote and unproved secFrom Eureka Lilly Winze tion, or in a boom camp where interThe important development work. showing in the Spruce Monarch and the surface mineralization on other propConditions in th Eureka Lilly winze est was centered has been mude by Salt Lake Headquarters erties indicates that the rich and ex- on the 1640 level improve with depth, William Rae and W. T. Hargrove in tensive mineralization in this mine is according to Grant H. Snyder, manager, their lease on the Banner claim of the only a hint of what will bo revealed bv who returned from the mine last night. Gold Circle Crown company. The strike intensive and development Some ore i being taken out, recent as is only of itself, in that in several places in the district. savs of which, according to Mr. Murder, it important anot new body of high grade opens up Considerable progress has been made giVF th following report: Forty-siin making preparations for the devel- ounces of silver, 28 per cent copper and ore, but Us greatest significance lies 370 Main Street, in the fact that it proves up the Missopment of .the Ada H. property, which $4.60 in gold. r a for distance of vein Salt Lake City. ing which 1840 consists of fifty-siclaims surrounding level, In the drift on the the Spruce Monarch on three sides. A ha as its objective the ore 3000 feet north of where it shows ore bunkhouse, boarding house and other body encountered near the shaft on the going 6300 per ton on the 130 level of s St. Paul claim. , buildings have been built, according to 1640 level, conditions ere most promis- LouTheGordon ein is statement that this 'Mr. Woodward, and a compressor hoist- ing, it is said. Although the drift is at for the length stated is proved up ing equipment and pipeline installed. least fifty feet from the objective, sev up Sinking of a shaft to develop a large eral good stringers of copper ore have made advisedly, for it is opened fissure in the line which is thought to appeared in the face. The management by surface trenches, tunnels and shafts numerous the between at St places be a continuation of the Spruce Mon is of the opinion that these are feeders arch fissure, will be begun immediately, from a mineralized area directly ahead Paul and the lease on the Banner these openings varying in depth atof the shaft and was again pteked up Utah Power company. The present plans 1600 level when the water caused the sustained on the vein from a few feet to The water is imat the present depth. There waa ore call for the sinking of a deep shaft. The pension of work there. and 300, which is the depth of the main it will probfound between the too bodies, but it comparys main shaft now has a depth ported to be decreasing waa broken up and not deposited uni- of about fifty feet and sinking will most ably be but a short time until work can Missing Link shaft, and practically ail 1600 In the level. resumed on th show from good to high grade ore. ' likely be handled under contract. Salt be formly. Mr. Osterlund stated that the Syndicate Lake people are In control of th meantime, work is being handled on the The first discovery on Rae and Har1200 level, where there Is a fairly good shaft is now down to about 190 feet, and grove's lease was made April 1 in a the crosscutting from the 200 level is exshowing. trenrh sixty feet north of the Wil The week. next to be started early pected iiams shaft, which had been sunk b; Consolidated is looking fine, he said, and Work at North Beck Held Consolidated Reports a former lessee. When enough wor growing better as the sinking continues,.. Back by Flow of Water Ray had been done here to prove that a The West Arrowhead, a new company, is First Quarter Activities now installing & genuine fihd bad been made, the leshoist on Us property, which will be the Work on the lower level of the North sees went to the Williams shaft and best hoist at Arrowhead. A. W. Lord, a Beck property of North Tintie has been Special to The Tribune. started work on a drift at the fifty-foo- t ISSUE, retired capitalist, now living at HollyBOSTON. Mass.. May 15. Ray Condiscontinued, according to th Eureka Reat level, then out to the north six Whole Bottom of wood, Cal., and who made his fortune at porter. on account of a rather heavy solidated Copper quarterly report issued feet. The second round of shots Marks Goldfield and Bullfrog, visited Arrowhead flow of water, which finds Its way into here today states that profits for the first the shaft at a point near the 800 level. three months of this year were 1 cent a other day and took an option on brought them into the ore shoot, the 175 Level in Mineralized the shares of Arrowhead Extension stock. The shaft was recently sunk to the vein being three feet wide, with eight share less than diirlng the previous quarPURPOSE OF ISSUE The proceeds of the new issue will be used to comof the Max Herman on Inspiration of the hanging inches point and preparations were under ter. a compared with large deficit for high grade to leave way for a prospecting Melrose and Frank expect on the th first quarter of last year. purchase the Berlin Electrics Works, to carry on the construction of pany has been Since the campaign then drift wall Areas, Says Ely Report. Ely tomorrow for Arrowhead. Mr. Melthe new underground railway and of new tramways. They are also advanced fifty feet and some stopping Interested in the Arrowhead de rose is done, with the result that the lessees intended for laying out new streets and parks, for the construction Siha Mining company. have saved 300 sacks of ore that samThe recent strike In the main Arrowof bridges and for the improvement of general sanitary conditions. ton. 6100 between and per ple $0 Ten sacks of ore, averaging 657 per head mine has been fully confirmed by C. Development Work to Be The Bonds sre secured by the entire property and the SAFEGUARDS ton. were taken from a cut 150 feet L. Ost.rlund, accord in to the Ely Daily Tintie Davis Resumed Backed by the taxing power, and the faith and credit of the north of the Williams shaft, so it is Times. The whole bottom of the shaft is tax levying power of the City of 'Berlin. assured that the ore shoot will be at In ore. the made for been have issuing community, the bonds of Utah cities, counties and Marks 871,800,000 PREVIOUS ISSUES of Bonds Arrangements unleast that long. A second vein The strike was made at a depth of immediate of opschool districts are among the safest investments that can be development resumption is ioin lease believed to covered on the REAL ESTATE, cash on hand and investments about 175 feet, encountering a body of erations on the property of the Tlntlc feet about twentv-fivthe main Marks 1,444,662,876 purchased. (1919) . horn silver. disore. Davis company of the North Tintie carrying north of the present face of the drift, good sulphide Some At present prices some of th best of these bonds can be bought to is thought to be the same body trict, says the Kureka Reporter. THE REVENUE of the City of Berlin derived and at the junction of the two there This 125 time ago the company installed machinery to ore waa of the followed down that income. field as high 6 per cent in tax-fre- e , Marks 248,596,650 from taxes during 1919 amounted to should be an unusually large body of level, where It pitched from the course and made connection with tne lines of the Such a In securities much taxable is a to yield yield ore. higher equivalent good to all persons or corporations paying income or excess profit taxes. on hearth 1st and SepINTEREST Interest is payable Rat and Hargrove will also work A 6 per cent yield from a municipal bond 1 the qul valent of a 7 their ground through a drift from the tember 1st at the rate of 4 per cent per annum. Bondholders have BSC per cent yield from a taxable bond, to a person with a 615,000 income, Reeo erossent tunnel on the claim of the privilege to hold coupons four years after falling due. and the advantage of mounts rapidly, so that to a This drift, the Big Chief companv. person with a $100,000 Income the Municipal Bond yields which will give an additional depth of REDEMPTION The redemption of this loan will be effected at the lenf of 13.64 per cent from a taxable security. 175 feet when it gets under the Wilrate of 1 per cent per annum for the first ten years, namely, from BROKERS. liams shaft, is now out about 375 feet This factor of STOCK together with the unsurpassed security and is being April 1, 1920, to March 30, 1930, out of a Sinking Fond, by drawings, from the Reeo eross-en- t behind them, makes Municipal Bonds a most attractive form of indriven bv Duval and Sapp for a half at par; drawings to take place March, 1930. Thereafter, redempWE WILL BUY vestment during th present period of readjustment. 2000 Sunset Mining interest in what ore is found between '10 Amalgamated Sugar pfd. We own and offer: tion will be effected every five years out of a 8inking Fund at the ' 60 Tampa Cuba Cigar level in level nnd the fiftv-foo- t this 1000 Associated Pharmacists BOO rate of 2 per eent per annum, plus interest saved on Bonds already PROVO CITY, UTAH, 5Vj per cent bond, to yield 5.75 per cent. Thompson Malted Food the Williams shaft. When 350 feet 100 Beet Growers Sugar 2000 Union Oil A Gas PROVO CITY, UTAH, 5 per cent school bonds, to yield 5.75 per out in the drift, Duval and Sapp enredeemed, either by repurchase or drawings. 2000 Gustaveson Oil 2000 Uintah Oil Exp. t countered an ore shoot, the first cent. 1500 Grater Consolidated 60 Utah Power St Light 32 which of from which went 1000 General Red. & Chem. 1000 CotC'Dil 6 per cent road bonds, to yield SANPETE Bonds UTAH, COUNTY, silver. o balance and 2000 the 150 1? was ia gold Iron County Coal Sugar 6.75 per cent. . 1000 Koyle Mining 1000 Virgin Dome Oil on the values inFiftiyn tofeet654further Cities 1000 Pope Shenon SANPETE COUNTY, UTAH, 6 per cent bonds, drainage district 300 Victor Motor St Clutch across fourteen inches of creased 54 Pan Motor IB Z. C. M. L No. L to yield S per cent a three-foo- t vein, and the face of the PIUTE COUNTY, UTAH, 6 per cent road bonds, to yield 5.90 drift will now go from 660 to 70 BUY WE WILL SELL SELL Alto300 Associated Pharmacists t .27 10 K. & R. 6 .per cent ,...$92 00 per cent per ton. accordin' to Duval 1000 Apex Standard 43 10 K. A R 7 per cent .... 94 00 gether It is provable that the lessees CEDAR CITY, UTAH, 6 per cent waterworks bonds, to yield g .19 500 Louise Mining A Oil will eleaa up a fortune in the next few, 104 6 per cent BOO Mero 12 . . 104 00 months. Amalgamated Sugar CARBON COUNTY, UTAH, 5 per cent school bonds, to yield 10 Amalg. Sugar, com. e . 14 50 11 W00 Montana Bing (According to Mark Exchange) 50 Abraham Irrigation .. 1000 Nevada Zinc 15 00 0254 ; 6.75 per cent Visits 100 00 . 100 6 Beet Growers Sugar Colonel Jackline Peoples Sugar, pfd. and German Municipal Bonds, worth, Will purchase 10,000-mar- k Details furnished upon request 1000 Baker Steam Motor . .04 com S.7$ e Help! Help 500 Railroad Men and Their Families Need Help. n J Buy, Build and Live at Soldier Summit -- 240,-00- . E III 1 Sold at Public Auction Monday, JHay 31st HOLD CIRCLE H. G. Means Investment Go Beitilyon Home Builders Co. well-planne- x Link-Banne- x low-grad- e 4 4 Bonds City of Berlin MO (Coupon Bonds to Bearer) TOTAL AMOUNT OF 400,000,000 lhaft 58,-0- 1626-fo- Municipal Bonds Are Safe at -- ot e u L semi-annuall- RALPH A. BADGER & CO. 0 ' as-m- of All Get Our Prices on Municipal Before Dealing Elsewhere German AND WE $230 to $250 $2380 Send for .Our Foreign Bond Circular W. H. CHILD & CO, Financial Broken Exchange Place Wasatch 4154 S3 fear . - under win rlaona-Wyomin- Plants of Utah Copper when exchange is normal 4 Stock Utah-Wyomi- Utah-Idah- Salt Lake City. management Colonel D. C. Jaehling. vice president and managing director of the Utah Copper company, arrived in Salt Lake from Butte, Mont, yesterday morning in his privnt r.r. The dv was spent hr Colonel .Tackling in an inspection of th plants of th Utah Cooper company. After three or fonr dare stav in '.the citr. Colonel Jaekling and party, of Mrs. Jaekling and Dr. and Mrs. Herbert C. Moffitt of San Fran-risewSU Jeare for Ely, Nev., where the plant of the Nerada Consolidated Copper eompany will be visited ea rout to San Francisco. 10 2000 1000 10 1000 BOO 625 1000 Consolidated Wagon .. 116 00 Carbonlte Keystone ,01 Cottonw. Grand Central .015 41.00 Deseret Irrigation Fargo Oil Farmers A Stock. Rid Fifth East Hotel .... Grater Con. Mining ... 2000 Gustaveson 600 SO 1000 e .35 .32 .16 .02 .24 Oil General Red. St (Them. Gunnison Valley Sugar iron County Coal 6 BO .03 1000 25 2000 1000 1000 600 20 1000 6 400 1000 1000 11 Pope Shenon 4.60 Pan Motor 06 Sunset Mining 02 H Selma Stockton Stand. 0554 23 Urado Oil West States Mtg. Loan. 6 25 13 Wasatch Oil A Ref Utah Power A Light . . 93 00 .55 Victor Motor A Clutch.. - .11 Virgin 1 ome Oil Tlntlc Coal 104 RALPH A. BADGER & CO. 1 WacT Second South, City. Wasatch 3330-333- e Co. Suite 412 Walker Bank Bldg.v Phone Wasatch 5888 or 5882, Liberty Bonds bought and sold for cash on basis of New York Quotations rM I |