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Show r o THE SALT LAKE TRIBUNE, SUNDAY MORNING, DECEMBER 19, 1920. ) richer than those so far noted in this country. It would not be safe to assume, however, that because gas has not been found in dangerous quantities In working shales in foreign countries that it will not be found in working American shales. In the first workings, at least, cars should be taken to provide the same precautions against gas as are provided in coal mines. This would seem to be especially pertinent, in view of the fact that gas seepage near the shale deposits of the Rocky mountain district sre not at all uncommon. Standard Oil Securities T ; The Palmer Bond & Mortgage Co. is one of a limited number of investment bank- ing houses in the Tbiited States to participate, in the marketing of the following Standard Oil Securities : Ventilation of Wordings in Explosive Tests Made. In Eight Years Standard As to the explosiveness of shale dust, Scotch Properties It Said the following statistics gained from an Companys Daily Output analysis of. Colorado shale, made In the laboratories of the bureau of Increases to Be Carefully Planned. Pittsburg Ten Times. mines gave the following results: Mois Experiments Made on Explosive Properties of MinDust eral Important. ture, 25 per cent; volatile and fixed carbon, 57.27 per cent; ash, 85.38 per cent. This sample, which was pulverised to ap'would yield proximately a about thirty-eiggallons of oil to ths ton. It was tested in the regular horizontal dust explosion gallery. Thq conclusions of the experiments indicate that fhe oil shale cannot be considered as a highly Inflammable dust. Ths dust will probably not be ignited by ths flams from an ordinary blown-oshot, but is fully capable of propagating an explosion onc,b started. It would be interesting to have similar testa made with richer shale and it is our plan lo conduct such experiments at as early s date as possible. In discussing the potentiality of the rich ehalea of the weet, it will not do to neglect consideration of ths lower grads black shales of the eastern states, particularly Missouri, Illinois, Kentucky and Ohio. While these shales apparently aro very much poorer in quality than muoh of the shale in, the west, great part of them can be mined, by stripping or quarwhich, by reducing rying operations, costs of mining, may make them, nearly, if not quite, the equal of soma of ths western shales. The bureau of mines is paying considerable attention to 'the shales of the eastern states. Other conditions than the relative ease of mining some of the eastern shaies tend to offset their low oil ield. Many of ths easJUtJ) shale deposits are situated In densely " populated regions, well provided with transportation, close to the market and also well provided with labor. , . ht ut (This is the second and last section ot a paper on the mining of ehale written engineer by Martin J. Gavin, refinery bureau of of the Sait take station of the American the before read and mines, Mining congress.). a & The output of shale per man Jn Scotland seems very low compared with the output of coal per man in America. It is generally recognised that the American miner is the best In the world and the American coal miner produces much more coal than the average British miner. In the case of shale In this country, conditions are much moie favorable for cheap mining than they are In Scotland, in so far lis the shale itself is concerned. The Scotch shale seams are comparatively thin, extensively folded and faulted to a considerable extent. Most of the shales In this country He practically hortsontal and evidently are not faulted or contorted to more than a minor extent. All of this makes for cheaper mining and the application of modern mining methods should tend to reduce costs still more. On the in other hand, the cost of mine labor this country will undoubtedly be somecost in what greater than the similar 4 . Scotland. The question of securing mine labor is a problem that must be given consideraFrom every Indication ble consideration. the oil shale industry is ultimately going to be one of great importance and else. Is has been calculated that in order to replace the crude oil produced in this country, with shale oil, there will have to be mined half as much shale per year as the amount of coal mined annually in the United States. Of course, no one exshale-o- il industry to pects the American over night. It will replace petroleum from comparatively grow gradually email-scal- e development. Large Labor Supply Needed. Ultimately, the labor supply necessary with that required In our coal mining Industry. This labor will have to be secured, housed, fed and negotiated with probably through the same types of organizations as are now used by our coal miners. In most cases this labor will be obtained from, districts remote from the shale fields and will have to be housed near the mines in a will be comparable Australian Methods Discussed. The following Information quoted from Kerosene Shale Deposits of New South Wales,' by J. E. Came, regarding ths mining of the very rich Australian shales, gives some very interesting data concerning ths status of the industry in the Antipodes: Both longwall and pillar and stall systems sf extraction have been adopted; in ths latter, ths pillars are subsequently removed. In the present working mines, the Benowlan and New Hartley the workings are on the "longwall system. Here explosives are unnecessary for breaking down the seam. On the conis from experienced trary, great danger tho continuous cracking and shooting of the kerosene shale as the roof settles on the face. The unyielding nature of the which consists of a band of hard cannel forming the top of ths shale no relief to the vertical affords seam, pressure, where soft bituminous coal forms ths roof; it gives or crushes under stress, and thus to some extent relieves the enormous pressure of the superincumbent coal measures and overlying Hawkesbury series on the tough kerosene shales. Where lateral expansion is rendered possible bv open spaces that Is, working (apes ths tension is so great that cracking and shooting are almost continuous as settling proceeds. Further release by holing is therefore attended with considerable risks to the miners. Who are compelled to work behind breastworks and cover their eyes with wire-gauguards as protection against flying fragments of keen-edgshale. The tendency of kerosene shale to conchoida fracturing under stress at right angles to ths stratification increases the development of sharp edges which cut like knives. Numerous accidents hava resulted, some unfortunately attended with serious impairment of the g, semi-elast- ic populated. sparsely region generally When the shale industry reaches one of national importance, there will be many small cities scattered through the shale districts for the housing of labor employed in the mines and the retorting works It ha been commonly assumed that there is no danger of encountering ex plosive gases In shale mines. As long as the Scotch mines have been well ven t Hated, as I have mentioned, .there hat Uh. been no difficulty on account of gas; likewise, no trouble has been experienced Flying: Shale Dangerous. on this account In the Australian shale "Similar phenomena have been noted mines, many of which yield shales much by E. C. Andrews, geological surveyor In connection with the kicking or spitting slats of the Bakers creek proprietary gold mins at Hillgrovs, where an unfortunate miner was cut in two by a large flying fragment which had preBROKERAGE CO. o viously passed through a Inch scantling The slightest disturbMarket Change Subject to ance of the apparent equilibrium between compression and expansion, caused by drill or hammer In this Instance also caused sharp-edge- d conchoidal fragments to fly off with extrema violence. "At Joada, where the overburden Is greatly less, end where also In ths early workings soft bituminous coal formed both top and bottom holing, ths tension Of the face was so slight that no trouble was txperlenced from shooting. In the ptesent workings under heavier cover with the pressure relieved by a yielding coal medium on roof or floor, a tendency is being manifested. Explosives (gelignite) are used for breaking as Is also It used at Benowlan, todowp, gether with tompreesed powder, for "blushing" or deepening the roadways, the latter being used In ths New Hartley None of ths kerosene shale workings. workings have been troubled with firenaked lights always being used. damp, In which paraffin wax or heavy oil is burned. Ventilation In sill cases la by air shafts or furnaces. In conclusion, It can be safely stated with assurance that ths nation has a domestic source of hydrocarbon oila In shale which will preclude the possibility of dependence upon foreign supplies of oil. As rapidly as ths Industry is advancing to a position of prominence and profitable operation, It does not seem possible that the making of oil from shale can be developed rapidly enough to have sn appreciable effect upon the present Sltustion. - .20 100 Victor Motor Clutch., r..RAILROAD BONDS. The above quotations are on the most (As Reported by t A. Hof 1. A C ) active stocks and are subject to market Bid Asked . changes and prior sales and purchase. A T 74 7414 4 B r gen 4e 1996..... If the stock that you are interested in do tdj in If 3 e 70 does not appear above, write us about It Atlantic 0 V eons 4s IMS...... 77 7414 B 4 O gold 4s 194 46 and we will quote you on same. do P L IS 1921 05 ' 6 We buy and sell all active oil, mining do eonv 4Sa IMS .... 66 ; 86 and Industrial stocks on the market Stock Cent of Georgia coos 4 1945 . 41 82 on monthly payments. Write do coil 6o 19 JO 84 S isn he bought us for terms. We have some very good 0 4 O geo 4U 1093 73 7JH 701 dividend-payin- g oils tlmt are good sound C B 4 4 Hi dtv 4 1949 do ten 4o 1958 78" 77 it Investments, with good speculative values, do joint 4 10J1 . . . 96 06 and paying 24 per cent In dividends. BJ Chicago 4 G Weot 4s 1969 63 stocks. about these Writs us, C II 4 St P 2014 54 68 do gea 4U 74 75 109 Co. g Standard OH company of California continues the largest producer of crude oil In the United States, with gross dally output of 100,000 barrels, ths biggest production aver obtained by it. Present flow of wells represents about production of California fields and about 3 par cent of crude production of the coun. try. This represents the greatest expansion In producrion by any company in the United States, mors particularly because of getting the oil out of one state. Wisdom of centering efforts In California Is attested not only by preeent production, but also by the fact that California leads all other states tn oil output. Since segregation of .the Standard Oil group in 1512, daily production of the California company has been Increased ten times. Average daily output in 1813 Was 16,345 barrels, contrasted with present production of more than 106.600. The following table shows how production of the California companv has been enlarged in eight years from 1813 to 1919, inclusive: Barrels Barrel , pne-thl- 1U2 8 258,700 8,629.875 12,727.985 .11,654,440 117 116 113. 14,777 124 1 286.688 1817.,.. 1918 22,446 021 30,000,000 Standard Oil Co. of New York 7 per tent Serial Gold Debenture Bond, dated January 2, and offer ing a choice of maturities from January 2, 1923, annually until January 2; 1931. Offered at price to yield 7- per cent. (- iv high-grad- Not least among the advantages of our new four-stor- y building, is a r show room. spacious ground-flooThe above illustration is but a corner of this modern display department, commanding a fifty foot frontage of plate glass window. Complete in all its appointments light, airy and inviting. Here, in impressive array, are scores of our sturdy lines electrical supplies and auto accessories vicing for attention. Everything that makes for dealer success in either field of merchandising. A complete and efficient service to Rocky Mountain Dealers. Visit our new, commodious quarters let us cultivate your acquaintance. We are ready to equip you for a record business vrg FRANCISCO MINING STOCKS. Reported by J. A. Ragle A Ce.) in -- Ej? 411-41- GE ABOUT TIGHT MONEY So far this institution has accepted every appli-- . cation for loans on im-proved Salt Lake City, real estate that has come' to it. We have renewed .the loans of all customers desiring accommodations.2 " ' t I 1921. PRODUCTS -- ;T UTAH-WYOMIN- Sa&t inTTrrmwrmT YZ 2 Salt Loks City G Prompt attention, free-.- " dom from red tape and privilege to make partial payments, any time, with- - TklephoaoWafaid&d out notice. three-by-tw- We Have Clients Who Will Trade as Follows 5TC American Apex Rfg and Drill (new) Arlxona Wyoming Bear River O. A D Boston W yomlng Big Indian Capitol Petroleum Congressional . .. Cushing Garber , . Fargo Oil General Oil Gustaveeon Invaders (Texas) I Vder (Okla.) .. Utah-Wyomin- Brokerage Phone Wat. 5840 Atlas Bldg. Salt Lake City, Utah 211-21- 8 do eonv 4 1952.. do 4n 1954 Chicago 4 NW gen 4s 197 0 C U 4 Nt L gen 4s 1991 . . . Cent Par Wt 4s 1949 Colo 4 Bout her a 1st 4a 1929. !M 4 Hudson ref 4 1941 Horirta 4 N C 1st 4S 1959... M .... ... ..... ... PRINCIPLES PROFITABLE of t INVESMENT Thta book tella you bow to make a protit on tocki bow to avoid the "wild cat" and aelect the aound security. It shows you how to amid undue riak and yet make all that your mono? should earn It is en Invaluable handbook on Inventing, and tt ia las cinatinaly interesting Ask Us for This Book It's Free , Lei at send vou complimentary copy of "Principle of Profitable Wnte its tor the Investment. book today, and we will also put you on the list to receive a special New Year offering thst will Jp you to make 1921 your Banner Year. KRIEBEL & CO. Investment Bankers 137 5a LaSuli St,Giicac6 Gt Northern ref 1941 .... Illinois Cent ref 4. 1965...... do 54s oornrod 954 K C Boatheru 1st 5s 1960 LAN naif 4s 1940 Mlriiigsa teat deh 4s 1979.... N Y Central ref 4?s 2015 .. . do roll 1 yr not gept i3 20 4a lor New North R 5s 1912 ...... Pae P L 4a 19PT a L ref roll 4s 19J9 Pena R H gea llHW...... O do cun ....... 4a 4Ss 19 Jt .......... 4 1997 ....... Reading gun . P A t? 9 gnnr As antri 25 F Terminal 4a I960 , Southern asc let 4 ref 4s 1965 do cone 5s 1954 9J9 da env in U P 1st land grant 4a 1947... do 1st ref 4s 2004 do 1st eone 4a 1927 .. .. I a By Inv Co Sat L toll Tr 5F 4a I960 irglaia Re 1st antg 6a 1965.... Western Par 1st 5a 1940. Ht It .... ............. .... ... t 05 69 75 05 83 80 17 67 72 77 78 77 78 74 88 ' 88 80 77 72 82 71 70 76 a 66 ' -- 78 M T2 DU tt 5a,i, J A. 11 77 V. 71, 761. 66 74 US 74 SO 74 78 78 06 70 76 80 74 ?6T2 80 74 80 7 0 S 70 26 80 81 1 eg la A Ce ) ) Bid. Asked. Ltberte 9O 4 do do 2nd 4a , do 4,6S dti 2nd 4 do Ird 4 a do 4th . Ytrlory 4 a , do 44 50 to 40 54 A 51 99 45 14 93 I! 4t 4a ... BWb Industrial Aataa Brphalvt V 4 Ship 9 .... Pmrleea .... ........ Ciflra Berricv .. Preferred .... Wrtfhtlitrtia , Baakera Retail Cud; Tob Expert y. OoMwja .4- Olla .. . g a , Elk Baala .... 3. Federal Oil Gltnrock , Metro Feta Merritt Mldweat Reflalag Cmwt ... ......... Mldweat Nerthwrat Okasalgat Repair Oil . Mine faiedoela 1 I 4 1 8 9 I 4 .5 2 2 3 Si 4 s 3 . to 0d $ lOi 'Z 9nin M Id 44 W M do 44 Td 47 40 45 2d 06 , , r.p. .01 .01 .25 .00 .01 .15 .08 .33 .64 .10 .04 iio" Con. .05 .20 .03 .01 Oil Utah Con. Oil Virgin Dome Oil MINING Utah-Ca- l. .'Market .2- 0- ..... ' ' (PURE OAK Copper liowa gonad .... ... Ileela Mia ......... tatted Kaatora . ... TWO FAMOUS 7 30 MOUNTAIN SCI BOSTON I A. R.ortKl llnl. A 129 04 & Co.. 16 West 2d South, City Was. 3330 STATES RUBBER CO. s'Ti'sami Co M. I Ralph A. Badger BT tAll CURB CLOSE. by 3. A Z. C. "RANDS OP STATE STREET 6gaw.(MMJiiiiw(nwiBP Co. -- I TA-.NE- MANUPAbTUyaED fi WE WILL SELL 64 Baker Steam Motor... Beet Grower Sugar. . 8 60 .01 Capital Pet Oil 61 Gustaveson General Red ft Chem. .12 . .67 Invader ot Texa...,., 62 John T. Clark Tire 03 Little Ur 07 Louise Mining 01 OU Out West 1 50 Pan Motor IW People's Sugar .13 Monarch Spruce .15 Urado Oil Utah Wyo. Con. Oil... .08 .84 Utah Power ft Light,. Utah Idaho Sugar .... 5 60 600 100 1000 5000 5u6 1600 2006 1600 3000 1004 40 100 1000 1000 1000 LEATHER BELTING BOSTON STOCK QUOTATIONS. (A Bsportid by J. A. Bagl A Ca , J; STOCK BROKERS (WATERPROOF aew Walker Bank RalphA. Badger I SUBMARINE ' MOUNTAIN OAK ......... ......... Mplaaiag Tonopah Eiteaaloa .. f ob o Livingston Oil Out West PAhaaka I'lijta Oil tt Explor.. DilmnOH ft Gas,... Urado reserve system ... I Glen Miller, President. MEMBER FEDERAL so.. INVESTMENT & Building. on Savings Deposits ... OS.. as Magma Capper ...... Canada Copper ...... Mother Lode old...... do Llneoln-Idsh- Per Cent Interest - . , Kinney A -- .... ....... Mutlu4 Prod 4 Refg Ryaa Omar , Boom 20 33S SAVINGS account at" our bank, is a splendid Christmas gift to7oung people; a gift that increases in value every day. THE HOME 203-4-- 5 coouMoa, , leqtioyafc Bimwo 4 17 850 ,i:t L 1 I 1 fta .... Barnett A.k6, 4 74 U, 77 LIBERTY BONDS, As Reparsed by NSW YORK CURB STOCKS. (As Krted by J. A. Hog) Acs) - SAVINGS COMPANY ........ iohoot" o Walker Bank Bldg. 6 Salt Lake City, Utah Automatic Elevator service to every floor. Wholesale Only. DtSTtVBUTER ed Ie&jlmer Bond Mortgage Co -- -- (A We call particulaf attention "tor these offerings as typical, e inof the class' of vestment securities on .our list. Displaying Om Wares pur-chaii- es AN We are also associated In the financing of the Standard Oil Co. of New Jersey, having a block of preferred stock which we are offering at the present market price, yielding approximately 7 per cent. i . 1316. . . . e,i,484,984 Expansion In production has been exceptionally big this year, present output of 106,060 barrels being about 37,000 greater than the average in 119. This is of particular importance to ths California company because of its huge refinery capacity of more than 100,004 barrels daily. Its plant at Point Richmond, near Ban Francisco, has a capacity of 60,000 barrels, El Begundo plaint, near Los Angeles, has 35,000 barrels' capacity, and Bakersfield refinery 20,000 barrels dally. With present production, the company nag undoubtedly been Able to reduce of crude oil. This should result In proportionately large profits, repree th difference between market tries of oil formerly bought and cost of its own production. In 1913 Its production of 28,57 barrels represented 30 per cent of average dallv pips line runs of 35,(01 barrels. By I MJ this ratio had been largely Increased, production of 73 000 barrels dally having eent of Pipe, line runs ,hpe,rbarrel of 111,600 Currant production undoubtedly represents a much larger percentage of pips line runs. Constant Increase in output has been whch last year were Sr2Sii f31,063, (68, 131.26 a share, the largest yet reported. These contrasted with 314.653,-07- 4 In 1918, a year of exceptionally high 6VA 0,251,943 In 11 and 7.10,15 In 112. Boston News Bureau. ss 6 25,000,000 Standard Oil of 7 per cent California Gold Debenture Bonds, dated January 1, 1921, due January 1, 1931. Offered at price to , yield 7 per cent. rd 1416.. J" 3 . LAKE w jf.j.ijjwq.iisgjm juRjunminaii irii ASSAYS ARE VITAL II 9 Gold Gold and Silver ... line 3156 Gold, Silver and Lead $1 60 Gold, Silver and Copper Gold, Silver. Lead and Copper, ..13 50 YOU NEED NOT 3REND MONEY 1 BANK POSITION WANTED .srs Btoi'k sold on margin, monthly payment and buver end seller 60 devs. Can handle any stock In any market. Two per rent commission to seller. No com. mission to buer. If your stock Is not quoted, writs us for quotations Dally Write for free market cell, 13 13 loiter and quotation sheet. For pereonu! Ini. is Ira s.l.lre.s SALT LAKE PUBLIC STOCK EXCHANGE 30 III -l l BOX Q-- l, p-- C. S. Geddard Care Tribune R. D. Hals, Lobby Atlas Block Rhone Wt. It Lk city, Utah 2263-123- ts . Salt Lik with ore ahipment WE REPRESENT SHIPPERS HERE to corns of age, married, and country bank work, six years' sxprrlencs window work general ledger nd posting mat'll in.; three years as aMaletunt cashier. Available at once Willing to go Areferen. t jnywhere Young man, exporlrncd -- . ( END FOR OUR SHIPPERS SERV. ICE LETTER AND LEARN HOW YOUR WE HANDLE BUSINESS ASSAYERS Jr, AND CHEMISTS Yara In Stm Location S. Wnt Ttmpl Salt Lakt 2S 163 City |
