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Show THE SALT LAKE 'TRIBUNE, 'SUNDAY MOUSING, MAY 16, 1920. Income From Operations Suffer From Decrease in Metal Price. Mill b ' u Tin of allvor will of the I1 Tlntlc. Milling company at Silver City, according to the Eureka Reporter, for the i reason that a groat deal of time must elapse between the purchase of ore and the bullion. The company was the aale ' operating pf at full capacity some months ago, when silver was high, and It son happened that two consignment of yore eold, or shipped, Just tn Urns to get the lower price. The last of bullion, which tho mill now has en routs to the refinery, contained which about 1:6,000 ounces of silver probably coat the milling company around tUI per ounce, and the difference between that pries and tha present selling rice of sliver will mean very heavy oss. If silver climbs back as fast as It - down 60 1 from the It mark, the slippedmilling company may possibly recover some of the money lost. Within another week the Tlntlo mill snould be handling Its regular tonnage of ore, according to Theodore F. Holt. The plant was closed down for a few weeks In order that some changes could be made, and It has required longer than anticipated to place the mill In shape for capacity business. Mr. Holt says that when everyth' ng Is moving along smoothie the mill treats In excess of 204 tons dally, the March tonnage amounting to 1400 tone. are now being Some Improvements made to the mill an other changes have 1een planned tor the coming summer. With a small unit some experimental work has been performed In the roasting of ore and now ths company is putting In ona unit with the same Improvements. In all, eleven roasting units It appears that there and operated, art Is a chance to lncreaee the capacity of the roasting apparatus by tho Improvements which have been adopted for the one unit which will b thoroughly tested out. cut In lump In the prlc quite heavily on the profit ! bul-Io- Corn rose today to CHICAOO, May new high prtee records for the eeasorv the hut failed to held well. Much of which was In strength came tofrom wheat, On ths to demahd Europe, ship great other band, possibility of a rail strike evl was an settlement early nest week dent bearish factor toward the last. The market closed nerrpue it 14 to 14 cent advance, with July ll.7IQl.7it6 and SepOats finished to tember ll.44HQl.44to. cent off to ft eent up, and previsions 6 eente. cent to to down With exporters hoisting their bids for wheat. It did not taks long for the corn market to ascend In sympathy and during the first half of the day tha majority of If there was little' chance traders acted of any Immediate relief for the scantiness of grain supplies at terminals. Later, . however, belief expressed by a prominent dealer that the federal government con fere me here Monday would result in a windup of the switchmen's strike led to considerable selling on the part of hold, era and to a sharp reaction from ton prices. It was also said that 20,000 cars would be tent from the east to handle grain. Oats were governed mainly by corn. Previsions declined with hogs. Cars May. 61.01 to; July. $1.7to; Brptem a, bar. Il.ecs. Oats May, $1.0616 70S. fork July. 616; September, 00 July, $17.00. Lard July, 6! 6; September. $28 06. Elbe July, $16.76; aepumber, $16.66. 1.1 May. CHICAGO H.16C1 IS. Wheat missd. 63.14; May 6S.20CS-B- . No. 17. No. 3 white. 61.16411.1716; Oate ll.UtoQt-- l earthen No. 3 yellow, I No. white, 3. 66 to. 3, 11 S3. f1AK611.M Timothy 29.00tt3ft.00. loo or med fPorto NomlntL LH-4- 80 It. ftUo!U.Ha Bell Minet Shipping Heavy Tonnage Eagle-Blu- e full-als- Manager Inter Petto Who spent a couple ef days at the Eagle A Blue Bell mine, aye that underground condition are very Esgle A Blue satisfactory at both the Bell and the Victoria, both of which are worked through the same shaft. Ore deIn velopments are coming along nicely both mines. The Victoria has a new CHICAOO PRODUCE. to yield rillCAOO, May PetslMgteady; re- bunch of ore which promisee come In ceipts, I cert: Northers White, aeehed aad hath, big tonnage for a long time to New etesdy; 47 :;,07.M: Csnsdlsa, 6S.0Oai6.T6. fact, the atrtke Is the most Important one A Blue The Eagle Vlorlda barrels. So. 1 IIS 0018.60; Ns. 3, In the mines history. Bell Is shipping heavily and making conMJ.uO; Texes Triumphs, 611.00 ewt. siderable money. Eureka Reporter. FLAX, OATS AND RYE. COTTON MARKET. Kins.. May IS. Flour Me llINNCAPOUa, is rarlned Iota etesdard fleer seeled St NBW TORE, Miy IS. Teitoe futures opetml 616 6.1 a barrel la M pound cot toe seeks teedy, M.y 40 36c; July. 44 He, October, $5 Mr; December. (S.lOei Jtxuiry, 34.60c. Ursa, $66.00. lne-er- ; I HAVE ON HAND OR LISTED WITH ME TO SELL (.000 American Oil 6.100 Alert Oil A Refining 2.000 Apex Ref. A Dr 1.000 Arlsona-Wyomln- g Atlas Crude 5.000 Big Five 2.500 Big Bear 7.000 Bear River O. D... 100 Burkburnett1- Jr 600 Big Indian 400 1.000 200 500 43 500 Boeton-Wyomln- .Olto Olto ..Special price .Otto Otto ,04 Bid Bid ...... .. g Buck Creek Oil Bradley Oil Burke Oil Burkley Oil (SUBJECT; ALL OR PART) OIL .01 1.000 Lanoe Creek Ref '. 41 .16 46 60 61 76 5.000 Linroln-ldah- 0! II o Lone Star Lung Petroleum Luuk Royalty 1.000 Mascot Oil (Utah) 10 000 1.000 600 00to .16 01 17 ...... tOO Royal Duke 1.000 8uneet 1.000 Tom Bell Roy 10 Texas Eagle 1.000 Texas Crude 6.004 Texas A Gulf Coast O. F 1.100 1.600 6.000 1.000 2.000 1.000 1.000 1.000 6.000 Hoffman Oil A Ref. 5.000 Hub Wyoming 6, Otto Hutton Lake Oil A Oaa 5,004 Invader O, R. (Texas) 6.000 I X L Oil A Ref OU 6.000 Idaho-Wyomi2.000 Jewell Oil 800 Jupiter 1.000 Kinney 600 Oil Lance Creek Roy . .04 01 to 01 .06 Olto Bid 0$ 04 44 34 Pet Tri-Sta- te O. R Trl-8ta- te ... 604 600 Western OU Fields Wind River Prod. A Ref Wyoming Peerless Wyoming Apex Wyoming Con. ,. Wyoming Range ........ .04 .03 01V6 04 10 Bid 24 Market 13 10 12 50 Bid 10 03 02 00 12 04 to n .... 03 12 .01 .45 have banded them-- , selves .together to make their land a safer and a better place to live in. These wero the meii who dared to say to Uncle Sara, All that I am, all that ! have, is They served under yours even to my own life! in the and Stars ihe greatest war the world Stripes the has known from dawning of its first day. These men were the architects of victory on the storied fields of France. Thcso men today stand shoulder to shoulder as The American Legion But there are yet a million of these men who have not enlisted in this peacetime force that is tp make 100 Per Gent Americanism the watchword and the battleerv of the hour. It is their privilege, their right and their duty to unite with their comrades to carry on in these days that call for the best that is in men. The American Legion wants them." Just as surely, they want The American Legion. There 5re cherished memories of days on active sendee living in the heart of every soldier who in the hearts bore, arms .during the great .war-a- nd of the gallant sailors, of the dashing marines soldiers all under the Starry. Banner nailed to the masthead on the towering crags above the Rhine These memories, the by victorious Americans. are worth perpetuating. recall, comradeships they A Badge of Honor The badge of The American Legion is a symbol of honor. It attests the real Americanism of those who have the right to wear it. Not all the gold in tho world will buy it for the man who did not earn the right to own it by daring to face the Hun in the worlds darkest days. What the Legion - The purposes of tha American Le. are set out In the preamble to Its constitution ss follows; Wyomlng-Texa- s For God and country wo associate ourselves together for tho following purpose! To uphold and defend tho constitution of tho Unlttd States of America; To maintain law and order; ' To foster and perpetuate a cent Americanism; To preserve tho momorloo and Incident of our association In tho Great MINING 26 03 5.000 Milford Magnolia American Leasing 03 to 1.000 Monana Bingham 11 American Con. Minas 02 to 4.000 Alta Divide 1.000 North Magnolia Mines ....Bargain 02 V4 600 National Treasure Mines ... 5.000 Alta Superior .06 600 Apex 1.600 providence Mining Market Standard Bid 04 600 Pinion Queen 6.000 BeUerophon 14 n 36 150 Big Indian Copper 4.004 18 1.000 Bingham Black Diamond... Offer 1.000 Rye Patch' Rid 02 6.000 Bingham Tooela 1.000 Reims ... 04 ' 600 Capital Mining 10 30.000 Sojth Antalopa 00 to .03 1.000 Cottonwood Grand Central.. 1.000 Sunset Mining to 1,747 Central Standard Bid 1.000 Tlntlc Coalition 12 to 70 600 Conkling Mining 07 3,700 Tlntie Empire 1 000 40 1.000 Three Kings 26 Copper Leaf 5.000 East Standard 07 2.600 Tlntlc Union .06 03 6.000 Etta May 1.000 Tunnel Hollow is 35 1.000 Eureka Standard 12 1,300 Tlntlo Mill 2.000 Glen Allen M 15 6.000 Tlntlc Zenith to .05 5.000 Gold Springs M. 3.000 Tlntlc Paymaster 05 3.000 Golden Relief Bid 43.000 Tlntie Paymaster Bid Work at ths Inspiration Wne at Ar1.500 Grater Con. M 20 2.000 Treasure Box Bid rowhead, 1 000 Iowa Nv., is progressing most satis16 2.000 Hill 04 Treasure Copper Max 1 0O0 11 1.400 Union Leasing Imperial Lead Bid factorily, acoording to advices from manager. 12 5.000 Louise Mining 1.000 Utah Sliver-Lea- d Bid Herman, president and a general 5.000 Little May 04 Just four weeks ago alt for the per5.000 Vlpont M 56 500 Lynn Big Six manent prospect shaft was spotted and a 10 600 Wasatch Mlnee 47 let for sinking the same to a 6.000 Lodato M 20 240 Wedge Mining Bid entrant 100 feet. This work was started 6.000 Logger 1.600 Whit ,03 Star M. Bid depth of to determine what the value of the INDUSTRIAL show by crosscutting would ledge 100 Old Capital P. r. A T 25.00 55 4 IHO Abraham Water from wall to wall. On the surface this 60 1 A Prov O0 Associated Pharmacists 36.00 , 25 Ogden Packing lelge lorries value exceeding $4 per ton, 600 Perfection Tiro A Rubber. .Market making It already a verv large f 5.000 Baker Steam Motor .04 to 30 People' With depth the manage5 60 Sugar proposition. 32 Beet Growers Sugar 26 Pingree Sugar Bid 76 00 ment expect that these values will greatl156 Betlllyon Home Builders ... .76 50 Pan Motor 4.60 Increase. y 16 Con Muelc Co Bid 10 8. L. U. Stock Yards..... In sinking the shaft to its present depth Bid 560 Christie Auto Look 36 I 000 State Loan A Tr. Co, pfd... .75 value show a marked increase, and the noo Elevator Safety First 03 3 060 State Loan A Tr. Co. com... H believed by the time the shaft .76 It j 16 -- 2,066 General Red. A Chem 24 3.000 Summit Fuel renches its full depth very exce.lent ore 02j J60 Gunnison Valiev Sugar . .. Bid 1.600 Twin Screw Pump 15 will be found, as values Increase rapidly I 6 600 Iron County Coal 100 0255 3 66 Indicator as depth Is attained. T. John 2,500 Clark Tlrt 3 Utah Markat 75 oo Cereal Food Co At twenty feet calrlte and sulphides, 100 J. Letshman Co o 17 60 Market were broken Into, and at thirty feet a lo Sugar Co. (. 600 L. Mero .... 20 600 Victor Motor A Clutch e streak waa found which is 50 WILL BUY (SUBJECT; ALL OR FART) continually widening with every foot. While a good ore body of porphyry quart, 106 Abraham 10 00 I Water 1.000 Monetalre Offer carry Ing a good milling value In oxides. ? . 1,060 Associated Pharmacists .20 1,660 Montana-Blngha.66 was encountered. How large the ostdised . Offer 6.060 M&eoot O. R f 6,000 American Oil .61 be determined, but It lone Is cannot . Offer ,6.600 Apex Ref. A Dr..... 8.000 Ogden Petroleum Offer promises to be important before the flftv-foo- f . Offer 106 People's Sugar 1( 1,000 Apex Standard 6 00 time which proslevel Is made, at 100 Beet Growers Sugar 1 . 1.00 60 Pan Motor Mr. Offer will be done by crosscutting. 1 666 Pinion . .Market 3,000 Capital Petroleum Queen M. Offer pecting the la fhat Inspiration Herman sanguine n Offer 3.660 ... , j j 6.060 Cushing Garber .10 vast of Its account on acreage property, I 1 160 Davis Weber Water 176,00 1.000 Rye Patch Orfer and It magnificent vein, wl.l make one - 5.066 10 Rovl Dyke Eureka Standard Offer , Offer The oxidised of Nevada mines of the big J 1.000 Fargo Oil ?. Ottef 1.000 Sunset Mining .1.. Offer sone already discovered shows some nat ' 1,000 Golden Relief 50 Texes Eagle Offer Offer tive ellver. 1 160 Gunnison Valley Sugar . Offer 6.060 Twin Screw Pump Offer 1,060 General Red. A Chem.... Offer 1.000 Tlntlc Mill .10 ,ji 10,060 WEEKLY FINANCIAL REVIEW. Guetaveson Oil Offer 1.060 Tlntlc Paymaster Offer U 1,000 Glen Allen M NEW YORK. May 16. Compulsory re1 600 .16 Con. ..... ng and i 6,000 Iron County Coal 600 Victor Motor A Clutch.... Offer Offer striction of credits assumed In wider stock the more significant proportions $.060 Independence M. Offer 2.660 Virgin Dome Oil Offer i 1,660 Louise Mining market last week, causing further pro.10 1.066 Western States Mt(. Loan.. 5 66 .. Offer 1.060 Wasatch Mlnea I 10,004 Ltnooln-Idah- o Offer nounced depreciation of quoted values In all classes of securities. virtually FOREIGN BONDS AND SECURITIES were Intensified by Economic I win execute ery orders for the purchase of Belgian. French, Italian. British ths increasedproblems freight congestion at railand Oerman Internal Municipal Bends or any other Foreign Securities direct by road terminals as far west sa Chicago, cable with European connections. Detail and prices (depending an dally exchange the serious shortage of ears and raw maI rates) furnished on application. terials threatening the very existence ef I have a branch office at Fort Wcrth.nTexaa, enabling me to handle Texas, Okla- - many lines of Industry. I I fcoma and jLoulirm stock to your ydvantAfe. Trading In storks wet lighter than at I Uo weekly market totter coverinf mining, oil and Industrial stock, which any similar period of the year, bat dealbs of Interest to all investors, and will be eent frs on application. Stock ing in bonds were comparatively extenI old on margin, monthly aymnU and buyer and seller to days. sive with Liberty Issues and Victory notes I I can handle any atock in any market. at lowest prices yet recorded. The Investment market was active and C. 8. GODDARD firm, at attested by oversubscriptions to Atlas Block, Salt Lake City. Utah. Phone Wasatch 22M. several new eapllai lee use All of these. 000 6.000 1 NO CASTE earth; To safeguard and transmit to posterity the principle of Justice, free, dom and democracy; To consecrate and sanctify our by devotion to mutual help, fulness. , 10 El NO CLASS ............ ot ......... low-gra- ' Utah-Idsh- high-grad- , m , ..... Pope-Shsno- 1 Utah-Wyoml- It fin ' ' however, were offered at rates yielding seven per cent or better. tn banking circles unusual Interest waa manifest In next weeks conference of the federal reserve hoard Reports from New England and the west strengthened the Impression that another advance in discounts, Including the rate for mercantile paper, is contemplated The mot hopeful feature of the local money situation is the further scaling down of speculative loans. This liability. It was declared, Is smaller than at any time in the last six months. There Is reason to believe that loans against exports also have been reduced substantially. In tha foreign exchange market, movements were Irregular within circumscribed limits, the mote imports;! remittances t .iolee reporting favoring this center to additional rold expoits from this market occasioned some surprise, as ths latest exhibit of the Bank of England disclosed no material change of that institution's holdings of bullion. -- - RESERVE BANK STATEMENT. WASHINGTON. May II -- Combined resources and liabilities of the twelve federal reserve banks were as follows at the close of business May 14; RESOURCES. Gold and gold certificates, 1171.102,000. Gold settlement fund, federal reserve board. $383,119,000. Gold Vflth foreign agencies, $112,781,000. Total gold held by banks. $478,138,000. Gold with federal reserve agents. It.-I- Jut ll 306. Gold redemption fund. 1150,101,06. Total gold reserves, $1 933.141.000. Legal tender notes, ellver, etc., Received Two Bales of 1139,- - 252.000. Total reserves, 23.071.393.000. Bills discounted secured by government war obligations, 31 668 04,000. 1 other $1,048,186-66- 0. 0. 0. United States Victory betas, $49,006. United Htstes certificates of indebtedness. $279,443,040. Total earning assets, $3,270,910,000. Bank premises, 312.530,000, Uncollected items and other deductions 266-fo- ot from gross deposits, $307,441,000. Five per rent redemption fund- against federal reserve bank notes. $11,717,066. All other resources, $5,66, ooo. Total resources. $1,146,071,000. - -- LIABILITY Capital paid In. $93,107,004. Surplus, $120,130,000. Government deposit, 144,183,609 Due to members' reserve account. $L- - 174.146.000. Accident Delays Work at Lehi Tintic Mine brue u from Tlntlc.- Bills bought in open market, $418,223,-00Total bills on hand. $2, 944, 582.060. United States government bonds, Since the second shift wes put to work out at the Independence property, In East Tlntlc. savs the Eureka Reporter, the shaft has been s nt down at the rate of over live feet per day. Alex Mattson, savs that one of the company s offiu-rs- , It will be but a few davs until the Is while level the drills rearhsd, and, are-- set til cutting through the porptivry formation, there Is a showing of iron sulphides and assays show some silver and gold. The Independence people are wall pleased with the general outlook and are more confident than ever that the Tlntlc Standard or will make over Into their part of East Tlnlir They call attention to the fact that the Standard management anticipates an eastward trend to the Mg ore deposits being mined and has located the new shaft to the northeast of ths owe from which the present tonnage is now coming . Ihl mation All Progrest of Two Shifts at Independence Rapid Tlntto tnJn Th wti oncorral1 4 to hut down KHdar of vth three transformer at the mine hUw out and the loM was too huarv to he amed A new transformer b the other two. we shipped to lit min today by Press' and should ba installed to that operations can be resumed tomorrow. Th face of the ehaft le reported to be looking very promising, according to Infor- 1 Deferred availability Items, $430,427,000. Other deposits. Including foreign government credit. 198,074 666 Total gross deposits 12,(44 400.900. FtdaraJ reserve notes In aotual circulation. 4$, 944. 854, 000. Federal reserve bank notes In circulation net liabilities, $174 $65,006 All other liabilities. $64.006 600. , ' Total liabilities, $4.1(474.000. Ratio of total reserves to net deposit and federal resrve not liabilities combined, 4J.4 per eent. Ratio of gold reserves te federal reserve notes In elroulatlon aftsr setting j aside 35 per cent against net deposit Us- - I I bUlties, 44 4 per cent. (, 1 Direct From the Orient The shipment arrived in New York. City on. the steamer Black Arrow last month and is. now ready for .your inspection. These rugs have been secured during the war years at bargain prices and are among the first to arrive in this country since the war. The lot includes antique and new (not treated) rugs in Bergamas Koulas, Shirvans, Kozaks, Killims, Cabistaris, etc., in various sizes to 6x13, and very modestly from 2-6- x4 priced from $27.50 to $150.00. (Auerbachs Third Floor.) I 1 Inculcate a sens of Individual obligation to the community, state and nation; To combat ths autocracy ef both tha classes and ths masses; To make right ths master ef might; To promote peace and good will on Pope-flheno- Excellent Progress Made at Arrowhead Intpiration -- wr; To A Em eric aim ii inne White Rock O. A R Y Oil A Oaa 1 1 fllon 05 to 0 02 to Bid -- Means Next week is the week of the great push. Every man who is not in The American Legion and who is qualified to join should enroll. Dont be a slacker now you never were before! Every man and woman who served honorably in the army, Navy of Marine Gorps for any length of time between May 6, 1917, and November 11, 1918, is eligible for membership. Join during the week This is one formation that you of the big push. should not miss. Recruiting depots will be open at the following places : Commercial Club, American Legion Headquarters, second floor Ness building, and Red Cross .11 -- 1.000 Wasatch O. A 0 6.000 Wasatch O A R 3.000 Wee tern Plains 6.000 1.004 2.600 1.000 6.000 1.000 2.000 66 01 25 08 06 02 Uintah Oil A Kxplor Union OI1 A Oaa Unfed Petroleum Utah Wyoming Con Utah Con. Oil virgin Dome oil million and a half of Everybody Out 02to ..... Americans D TWO-FISTE- First Call Is Sounding 11 1.000 Mike Henry 1.000 Montana A Wyoming ZOO Mountain A Gulf 1.000 Midway 1.000 Oqulrrb O. D 6.000 Ogden Petroleum 1.000 Ogden OU A Gas 4.000 Out Weet Petroleum . ... 1.100 Oaark O. R 5.000 Pet. Oil Field 1.100 Prudential Oil A Raf 100 Riverton Oil A Ref 1.000 Rocky Mountain Raf, 1.000 Royalty A Producers Go.d.. aim ai , |