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Show h J SALTS LAKfT TRIBUKlTSUNt) HIE t w. I A'mdllNINOr FEBRUARY 20, 1921. V j Investment Opportunities . in Bonds Throughout 1920 bond prices declined steadily, reflect- Metal Production of Bing- Last Year Production 1 ham Producer .Show De- - Record Breaker j Future crease Throughout Year, of Business ' Excellent 9 This bank is more ' Outstanding feature of Utah Copper company quarter of 1320 as outlined quarterly report were operations of for the last In tba fifty-fir- st the decrease in production from 86,057,687 pounds during the first quarter to SMto.lll pounds, -the ellghtly- - im proved grade of - the ore treated, Increase in the percentage of the recovery and an advance In the average , . coat. , per pound There woe a total ot 1,(51,1,63 pounds ot copper contained' In precipitates from j the leaching plant, making a total gross j; production for the quarter of 25,070,141 pounds. The net production of marketable copper derived from this gross out put.after-allowtng-foraalter deduce , tions, was 23,943,818 pounds, as compared with a net production of 34,i03,fi -pounds for the third quarter, 27,793,114 pound for- - the, second quarter., and s,? 057,867 pounds fqr the first quarter of the year. The report also states: "The total quantity of ore milled dur lng the quarter, was 1,347,000 dry tons , being 150,900 tone lest than for the pre of ceding quarter. The average grade copper-and-the ora waa 11113 per-eethe average extraction waa 79 89 per , cent, a compared with. 1,0788 per cent per cent, respectively, copper and for the tbird quarter of tba year. The , low headings were due to comparatively ora the large quantity of very necessarily shipped from tho Intermediate and upper ateara shovel levels. A slightly higher copper content in the headings and improved extraction ara responsible - for the increased percentage of recovery for the quarter. Kth -- N " m nt 78-5- low-gra- The production of talc in the United States during 1920 was probably the largest In. history, preliminary reports from ten companies, which include most of the large producers, indicate an Increase of about 28 par cent in tonnage over 1912 and an averaga Increase ot (.7 per cent lH price per ton or about 24 per cent increase in total value. If these averages may be accepted for the ' Whole Industry a total production of 213.000 tons valued at about 22,380,000 is .Indicated These figures may be too high, as production fall off during the last two months but they serve to- - Indicate fbe general tenThe estimated total production dency for 1919 was 170,000 tons with a total value of 31,76,000. The largest previous produotion was 198 613 tons In 1917 and the largest total value was 92,089.90 in 2918. 1'rjj.e. changes varying from no Increase to 25 per cent imreaae during the year were reported. The largest producers reported little increase In price, as Is shown by the 8.75 per cent average. Imports Increase. 1 mow to ot tale were larger than aver before. Incomplete reports Indicate total Imports of more than 24,000 tone valued at over 475.000, which Include about 1000 tons of crude tale with value of about 38000 Imports In J919 were, 14,803 ton valued1 t 259,001, compared with tbe pievlous record tonnage reached in 111 of 18,883 tone valued at 230,875 Th 1920 figure Indicate an Increase In ton nage of about 40 per cent over 1912 and of about IS per cent over, the prewlou record. The average declared value oi imported- - 820 as compared . with about 817.50 In About 1919, an increase of 14 per cent. 70 per cent of the Imported tale came from Canada, about 20 per dent from Italy, about 8 per cent from France, and the rest, IV per cent from England (probably originated in India), Austria, British West Indies, Denmark, Germany and Sweden. The Canadian talc had an averaga declared value of about 318 per ton, th Italian f 35, the French 315, th British (Indian) 850. From these figure it appear that the chief competition which domestic producer must meat Production Cost Higher, of Canadian talc, much of which . "The average cost per pound of net is that of very high grade, suitable for the and copper produced from concentrates and which tells for a trad, wad 17.3U9 leaching plant precipitates low price. cents, as compared with 17.158 cents for comparatively the third quarter. These costs include Outlook Excellent. plant depreciation and all fixed and gent As Indicated by the production figures, erai charges, but exclude federal taxes In either 1929 was a vary busy year for the talc InNO credits ara made to coat case for th gold and silver or mtocel- -. dustry in general. With very little adigneous income- - The value of the gold ditional plant capacity, a record production waa made. The demand waa very and sliver in concentrates totalled and tbe miscellaneous Income for strong up until about November, when 8 the business depression was tbs quarter amounted 'to 1328,778 , general These Items combined are equal to 2 149 strongly felt- .- At the close of tbe year, cent per net pound of copper produced. new orders were very scarce, production from the 'operat had atartdd'to decline partd stocks of fin- v which,- - .feeing deducted ing cost above stated, result In a net ished tale In the hands of producers were large and Increasing due to th cost of 15 18 cents per pound. "The financial result of the opera- eatchtng up on unfilled orders, and "lack tions for tba quarter are as shown be- of new business Borne producer relow: ll ported order booked for over SO per cent v Fourth Quarter. fqr 1921, whtl other reported capacity no orders booked; but a general attitude Net profit from copper pro- of optimism for the new year was evi duction only 868,70338 Miscellaneous income, includ- dent. No general decline In talc prices In ing payment for preclou 1921 is looked for, a the prices 06 talc metals 614,458.43 , hav not largely Increased since 1914. The Income from Nevada Consol - , - dated Copper Co. dividends , average value of talc In 1920 was only about ISA per cent greater than that ot j. IncomeA from Garfield Ghent1914. leal Labor suppiv waa adequate, but Mfg, corporation div- -' idende not plentiful, with wages remaining about 180,00908 same. Car shortage hampered shipthe ' Total Income f '64,244 85' ments foif over half the year, resulting in the maintenance of many unfilled orders Net, loss on marketable se- - Numerous Inquiries for 533,262.97 on' the books curltles, etc. spot shipments sent to several producers Total net Incom f 589,514.93 simultaneously made a further apparent Disbursements to Increase in demand. Most of the proera 3,438,736 00 ducers, however, met the demand by Increased efficiency and capacity output A few expansion in capacity were noted Net surplus Net deficit , 13,036,249.93 but on the whole they were Imimportanh Toward the chisa of the year new plant . or Deficit. building capacity, contemplated, amounted to nearly 60 tons per day or v ton 90,000 Curtailment Explained. per year. Tba country probnot absorb this additional ca. The earnings for tba fourth quarter ably can pacity for several years at a norfriai rata are computed on the basis of 14 618 cents of increase, but pew use which would per pound for copper, as against 16 791 Of It might be developed cents for the third quarter, 18 309 cants take carsresearch and publicity. However, through for the second quarter, ana 21 994 cents It Is not Jlkely that much more than a for the first quarter. Tbs comparative- third of this projected plant capacity will ly low carrying price of copper for the actually be built and placed lu operation. fourth quarter la due to th sales having been considerably less than the produc- New Use Discovered. tion. The mstal market continues to be At th present writLittle progress was mad hi th develvery disappointing. ing, copper la quoted around 124 to It opment" omrWDxe which would absorb cents a pound. There have been ataady largo quantities of talc, moat of the prothough small sales regularly for export duction going Into th papef,' roofing, shipment, but domestic demand has been paint, rubber and textile industries. One exceedingly light. A further curtailment previously known use, however, aa one of of production was deemed necessary and the principal ingredients In th current output ha therefore been paints, received an impetus due to the reduced to 7,600.000 pounds per month. publication of favorable results of tests The deduction from the total income for on these paints and the licensing of paint , the quarter i due almost entirely to los companies to manufacture them. This from 01 of liberty bond The reg- use should call for an Increasing quantity ' ular quarterly disbursement of 31.60 per of talc In th future. share was paid on December (1. . , At meeting of tho Talc and Soapstone "Tbe financial fesults for th year ara Producers' association waa held in New & follow: York In April. 1920, at which a constituPer Share. tion waa formally adopted. Funds were 38 Total net Incom 3.09 35,034,498 also appropriated for research work, but to stockDisbursement they have not yet been made available holder 2,748,940.00 and no further progress In this direction was made. Net deficit for tbe The opening of no new talc deposit has ..14.722,441 82 33.11 been reported, year but a few old deposits were reopened in a small way. Several Small Less Capping Moved. out of business or ceased went companies produce during the year. Talc specii During the period there was removed to from undeveloped deposits, of a a tote of 487,358 ruble yards of capping, mens suggesting possible commercial Iman averaga of 182.453 oubio yards per grade portance, wer received from Virginia, month, as compared with 350,618 cubic Alabama. Nevada and Montana.- - It U yards, or a monthly average of 283,6b reported that tbe Montana deposit will b cubic yard, for th previous quarter. operated In 1921. "Effective September 1, 1920, tbe com- developed andatanda third In th producCalifornia pany took over th delivery of It ore tion In otl the United State. During tala from the mines In Bingham to tho conprotractor at Garfield, operating its own the laft few yaara th increase In from rising or trains In Intrapiant service, by vir- duction has bean very rapid, In 1912 1159 of tons maximum a previous tue of trackage rental agreement with tons, valued at 170,776, In 1918. th Bingham A Garfield railway. This to 10,344 ar 1919, for available not yet agreement, . whereby the operating con- Figures trol of th mines, the delivery to mills but In 1920 one company alone reported and the milling of it ores la centralised a production of about 8000 ton, valued at about 170,000. Most California talc is of In th management of the mining comgrade and la sold largely in eastern pany, affected In the interest or effi- high to the trade In ciency and economy, has proven vary sat- market with imported talc. Tbe large isfactory. During th quarter a dally competition In freight rates and tha increase averaga ef 18,877 ton of ore waa handled tncreaaa Imports hav made this competition at a material saving in th cost ot de- In increasingly difficult, and at the cloee of livery. the year moat, of the mines and mills were Inactive. No large price reductions NFT TO MQDU0. can b expected, due to the high cocts ot 1 , NEW YORK, Fob. Ilnttee rins: eroaw-ppilnlp and million... Th. uea oLCallfor higher (baa eatrae. SObfHwt ermairrt nla talc In paints and as a filler for cotextraa, 48c; rreamer finds, 42i4Te, ton cloth and paper has largely Increased. Itanettlnd: frroh gathered axtra firata. Kg The development of new deposits at 89c; freak lathered firata, o Siding, pear Folsom City, ('henee Irregular, Bucounty, has been reported live pohltra fo prior quoted Ilreaaed poultry Quiet and unchanged. reau of Mine Reports of Investigation. 1 - toilet-powd- er 5, 1 T J . , Broken- to Make Trip to San Rafael Field and - Greenriver During Recess. , Brisk . activity totaling .118.650 shares, valued at 10.428.25, closed trading upon the Balt Lake gtock and Mining exchange yesterday. Fairly good trading on th Sugar part of Tintle Standard, Utah-da- h and Silver Reef waa mostly responsible for this excellent total made during but . on session. A two-da- y holiday se declared In observance of Washingtons birthday. This will (neat) that there will be no trading upon tha local floor until Wednesday f the exchange wail momipg, - Member make an excursion to Greenriver and the Ban Rafel field over tha holidays. Those the trip plan to charter a sleepingmaking car which will be attached to the regular Denver & Rio Grando train leaving Balt lake at 4 45 this evening. The return will b made Tuesday evening Several stocks developed Improved condition during the day's one session. Eureka Buiilon't advance from an opening of 10(4 cents to a close of 11(4 cents, with sales of 7500 shares, was on of the tnmf noticeable. IJurekaiJlIy, with 700 shares sold, advanced to a close of 8 cents. North Standard, with 500 sales made, held at 7(0 cants, fallver Ree(, ea trading of 16,600 shares, advanced to a close of 13 cents. Of the oil stocks Old Emery, with 800 miles at 21 cents, alone held steady at the close made on the day preceding. Bay StswrwrUh 4000 Shares ftaded ln, receded to a cloee of 20 cents. Monsonite held at 1(4 cents for 8000 shares. Bullion, with 3000 kales, softened and closed at 6 cents. Total trading for th week, 691,693 shares, valued at 62,994 68, showed a decrease as compared, with th total for the week preceding, 8 014 shares,' valued at 7,129.3, Quotations follow: Issues let I VI n , , .. , , 2nd 3rd 4th 414 - (It 4 ltd V. , ,.- T Maturity Jan. 1947 .....Nov. ,8ept. Oct. Current Maturity Feb. 19th yield. Pet. yield. Feb 1942 794 193 1923 prices 97 10 70 1 85 4 90 90.00 7.00 97.40 4 7 4 (no tag xetn).May Wo Will Buy or Roll Any laauo at th Market at Net Prices, New York Block Rxchenq on a Commission Basil 34 ' . W i.S 782 I J. A. HOGLE Ci 4 4 04 8 28 1 17 n 8.01 8 r ora fho CO. Bpeelallt Ira 80 and 2100 Bond and In AH Investment Bond and Bteeka In Small bat . OODN ALT LAKK Reel Bldo- - Tl. 222 Main 2b WaiatCh TT y U StBL srjctmJif1. i.iku, Fpunded 1850 A B. MUNICIPAL BONDS Member Federal Reserve System- 0 ............ .OS ft a .02 .0014 .1(4 .01 ,, T'on .o(4 ,20 - ior' 0K. ....t.i...,..,......., Opobonyo ' . Original Bannock Plume .... Prince Consolidated Palnma I'loche Bristol .... Pr" ' .... - Rico Arg. Bice Consolidated ri e "M" ee -- Kew Quincy Nalldrirer bevn North Standard Stiver s .... weii ,01 ' .o South standard . ,15 Sella ,; .08(4 Syndics ta M..:;.., .0014 Stiver King Coalition 1.02(4 Silver King Consolidated .9 Sioux Mlpee Swansea Consolidated .... South Heels .... Silver Shield .... Sooth Heels Eltenstoa Secret .. - .... ............ .01 : Tar Baby .... Tintle Central .... Tintle Standard ,, litah Consolidated Union Chief Victor Consolidated Whirlwind Went Toledo .... Walker Mm,., .1" " 2.2 Ktaw.."..: Oil 3(4l .h , Emery 19(41 lATURDAY'B ALL ISSUES OP LIBERTY BONDS BOUGHT AND SOLD HEW YORK 8T0CI UtT-- f PALM! Co. Bond Butt 411 Wftlker Bank Building. RAILROAD How ? 1000 ra , ' r. - to n s a V;. jo? Arm Calderwood Drill Company I3c. t A O CRISP " 831 Atlas Bldg, rbnt.li. NEW YORK, par, pr , Wtik. burilnt- -l Fro Fshrusry Drmiod, to,,.... ga .... frrtr-tHmi- ftll to brofltoMft arcurtty IoHft-- bow U lMhrcue t liy sioithlr ! rr he m kmtla I hut s,toe hrie r you .. . . .. IU pM oliopurtmuk Juilfinmi hmind ti rtiiiN HH; 04. eablra f 04 ? 8V: 4 M 14: kRAthwuwriy prinMMl Will bo A vftlinphift ptHTHIWtlt )at Itorarj. 3 CM la Oop el tr 4S12HTC Par lat.e. fo t 73 V S Rah 6s 0 A S rsf 4Ha D A tt ana 4s. M4I' S Stas! 6a 04 4 D of Caa 90H Wabash 1st 0 Erla sea 4a 41(4 IDVDON, onne feni. lr 7 Mr tsi. 1.0KD0K pep. 19 V - MORST. Baa silvar, cftke bumUU Urt btli, M4 riltOAGO. yw nifM $ 13 ) try attmt, rab 4TVir 44 Wc E(k. bmar; rariit 14T7I flrCa, 90JlC, ft 44r, erdlaar pmuiry urta4. i$bwl fr firata, ra aMlib. tftMi t , KPIBBBL 0 00. W&ESS&faak Money to Loan ' . 4 ..I.w Experienced accountant can handle a few more sets of books on part time basis. Address D40. Tribune Also Hyland 1SSTJ. ON B0MZ3 : , 6 Announcsnont IT it boftnliiftd Salt Like City, Utah 9. 0&IOA9O PIODUCt. . ..... T Print BtrctutU rhlM f.W 4.30, eba 41 ; I 41 rbtr, Wrk IHmaa4s I M. Cbl1, I. It. 6fmI( 4rachtBa Te40 ArirsmtlotlmaM, 14IKvO, M BpmJIUb 11 p r tmt dicranat. itwrUihf and iraara ra)M4 ta tba htr 4aal dvmaod, MM, fftblta MMIfii fraaoa, lni irwaod ? 14: rabiaa, 9 11: EalaUa trrnm, 4a aaaL I 17, rb)a, I 49 l)s1irtaa tttUktm-ItoiMi- M. Lir- - OrmaiKl. MUPatlf TAT S... 5.. 6 ... 0O Pn gen 6s .. 63 S(L A BP adj 4a. fr By rf 4tr47 '4 Hr 5 ..... si3ll !tcn fainVamfiitftlf mt mtm 14 Kiirtb TMtiofi II now bw to fkftoM tha X0VST. R0HDI. (411m gi g, . l'WK bun4r4. la OSH Inter M M C S rvf (a 4a emip.lOHVi M K T 1st 4a Sa reg ... 79 U Me psc 4a.. T9H Moat Power 5a .. roup K Y Crnt dab fls. T cv a.. A C 4Hs .. 7(aO S L ref 4s reg Bth Steel rf Cent Laath 6a C at nv YORK to 4a cv Panama do s Am T A .v. tt$ l 2 reg...... coupon V The Calderwood Drill i a new invention, unlike any other band power drill. It ie wonderfully adapted to tha drilling of all sorts of holes in any angle uppers, lifters, back hole or down. It conserves SO per eent ef human energy required ta single jack and doublo jack work. Recent prove conclusively this drill will do the work of 8 to 4 men. It caa't fail you. Is rapidly being installed where compressed ai is not used. Equally efficient in tunnel, shaft or open cut work. Send for circular. -- UKIJBTKD. Key, tone at dr Bilvtf Reef, 1 500 at 12(4l 1000 Bull Moofa, 6000 at 2c. TOTAL SALES. Bbsrea anld, 111550 Cash Ttlustioa, 10,4225. WEEK'S TOTAL, share mid. 91,603 t ash valnstlon, 3j,0O 64 O S (. 1 The Calderwood Drill Mttl JsfwT f 8. t 7c. iLkiri: ' a RONDR at lie, 3000 at 2c. Isigaer, 2000 at Sac. Monsonlta, 0000 at (4. haw Qtilacy, i,ooo at 8 He. North Sited art, MO at Prom, 1000 at e. Byadleate, 3000 at He. Tecnma, 3000 at He. TlnUe Blands nt, 400 at 88 37(4. Old Emery, 500 at 2e. Pipcha Bristol, total at te .a v- - INDUS pRf AIR. 7 t lt Ioaort, rfqueat by prat earl a iMter brio to ytra Ui Tex Oil IV tor Mire abaolntal F? moBtha It 1 an tlluatrated weexlr ' la th heart 90Uaba4 ef th rit B VOT7 11 Tax 114 Oil bjr xprt ai.ti. teataln autheatl It map. and Lfurm 4Wig th reliabl am about all th TRT7TTT aabwantlal eeaipanle eeperatmt is il th prore and pro.pttt-UTtrlcta. It tella ro hew thaumti-thav beeem rlfh. and hour hua-Tp- to 4rrt am growing richer f ar. If truth buE ynx want to Mara th ATT rtlaabl papir TIU il. re4 thla week. If you want to know wbrai and where to bur or tell an, 11 atoch, a quoa tu? elt. tation will be ftirnlebed to r luetiTt oemrltr. If jou wla aa anal at r tl fuld In r re pert oa aa oil eontipenr whtrh poo xair be latere at --d. It 1 joara tree for th taking. Send roar axon and fren llirea naotba' trial aubarrijiiiua to fur Writ fur It tha Txa( Oil Bulletin QILSLKT J0HM90R A C0MFAR 4 Rrukar Oil 10 Year Tor Ojraratw nit 1U, Xppatria Ride., Iwt W'uth, Tux. 111 letln , . ) T Bay 8(ta. 00 at 0(4e: 1000 t 30c. Black Meta It, jooo at 8(4e. Emma, 000 t 2((c. , Han Crown Point, 2S0A at ?) Tintle toamtoa, lnno at 7(4. Eureka Idly, 3000 at (4e: 4000 at Sc. Hcwetl, r.'inina Prill 8000 se.-- Salt Lake City. A .21 sales. :!i..Cw,s;lVtl3els'B00,,t 1: lulltoa, tone at 4e; too it Capper. 1000 at 1(4 c -- reac-tlona- ry ........... its .... .01 .03 .... ,01 .01 .......... " .03(6 Old Talb Advantage of Overnight Adverse Ad; NEW YORK, Feb. 19 Bears exercised control over todays short but lively stock market session, availing themselves of adverse overnight advices to bring about further impairment of quoted value Atlantic Gulf nd West Indies, th weakest feature of Friday, when it Buffered an extreme decline at over 10 points, was under renewed pressure, sustaining a nst logs of 6 point on. far tha largest - v turnover of any issue, American Woolen lost more than 8 point oq concentrated offerings. Oil aa a group were most conspicuous, latest development in the Mexican field giving impetus to renewed liquidation. Reactions extended to steels, equipments, motors and coppers finally embracing many miscellaneous issues Leathers also sustained severs decline on tha unfavorable annual statement of Central Leather. bails were comparatively immune from the general selling movement, which continued almost to tbs heavy close, when short covering served to effect some moderate rallies. Bales 350,000 shares. Nominal dealings in bonds, Including Liberty Issues, indicated further price Irregularities, several of the recent foreign flotations also manifesting further tendencies. Total sales, par value, 85. (To, 000. No features of especial interest were disclosed by the clearing house statement. Actual loans and discounts showed a further contraction of slightly over 20,000,000 .01U and reserves by about 37.600,000, reduclittle more than .04 ing the total excess to 311.700,000. 2.33 Reserve of member at th federaL reserve bank were reduced by .07(4 about 8,200,000. I DEPARTMENT TRADING . Our trading department deal actively n all standard stocks and bonds, specializing in western securities. We have order in the folr " , lowing! i . , t 4 Sugar Company stock , - Utah-Idah- o Amalgamated Sugar Company common Jtock Preferred Utah Power ft 2 , U if 3, ke Coalfft-CoIndependent Ridker Brother Bankers vices to Force Further impairment of ' Quoted Values. .63 ,, h l .00(4 .1 .... ... lger Monsonite Mny Day .... . Mo row Ulclilgnn-Cts- Bears .00(4 . anmaMMMmmtMHMWSMfM 4 .03 ............ w IN STOCK XXCHftNGE PRICES .01(4 .01 .... a,,,.,.,.,.,.,,, a Ogden-Portlan- .OS .OuUt -- r ' DOWNWARD TREND CONTINUES 1.00 ............ ......... I.eU Tintle Leooorc , ,, Drugs, Inc., 8 per eent Preferred Stock, at market, to yield about 3 per cent. j Uteb-IdahCo., 7 per eent, Rrst Mortgags Bonds, at market, to t ' yield 8 Sugar , pot eent. 8 cent Preferred Stock,, at market, Amalgamated Sugar Company, per to yield about 8.10 per eent. d Cement Co., per eent preferred, Schramm-Johnso- Emerald .... Eureka Mines East Crown Point East Tintle Coal. East Tintle Con. Eureka Idly Eurska Bullion .... (treat Western Hamburg Mines ..... Howell .... Home Run .. Iron Blossom .... Indian Queen .... Iron King AW t:eWVa: Judge M. A A Keystone .... Keno . ,vA , ,, ........... .......... ...... ...... Rati v' (Fro from tbs Fedenl Income and Rxcesg Profit Taxes) Prlc , Balt Laks City. 6 per rent one year tax anticipation, bonds, t on applicption. t , , Utah County S per' eent Road Bonds, various maturities, to yield 0.70 per cent. . Utah Countyr Alpine Gehooi Diiitrict, 5 'pcr cent Bond)!, Various maturities, to yield 6.75 per eent. Beaver County School District, 5 per cent bonds, various maturities, to yield 0 per cent. Piute County, Utah, 8 per eent Road and Court House, twenty-yea- r bonds, tq yield pet cent. Water bonds, at par, to Blaekfoot, Idaho, 6 per eent, twenty-yea- r , ' yield 8 per eeL . y Banppte County, Utah, Drainage District No. 1, various maturities, to yield per eent. a Demijohn Consolidated Emma Blivet .... Empire Ulnae 4.2. Empire Coppera Eastern Prlm-- ,, B f (So-ro- f City--Power him .,..., ......... Paly West Pram G.ft , tardllt-..- ., Italy CORPORATION BONDS ' 10-ye- ........ Bucra-ment- ' 'a per ceut Gold Bondi st 09, to yicl.1 Republic of Cbils 8.10 per peqt, , Gold Bonds at market, to yield about Kingdom of Belgium o 8 per cent. , , United States Government Bonds, 11 issues, t market, California ? per eent 10 year bonds; at nmrltet. TD ' yield shout 6.85 per ce'nt.- Gulf Oit Corporation 7 per eent 32 year Bonds nt 08, to .yield 7 23 . , per cent. 7 Deere ft Co. r per eent Notes at 99 ,to yield 7.85 per cent. Northwestern Bril Telephone Co. 80 year Mortgage Bonds at market, to yield about 7.25 par rent. Ohio Power Co. 80 year 7 per eeat 1st Mortgags Bonds at 95.25, to , yield 7.40 per cent. Eaaaaa Light-Colet Mortgago Bond at 100, to yield 9 per eent. Copper Ejport Association 8 per eent Secured Serial Gold Notes at ' market, to yield about 8 per eent. B. B. ft R. Knight Co., Ine.. 1st Mortgage 7 per cent bondy at 84 to yitjld about 70 per eent. National Leather Company 8 per eent Rotes at market, to yield .about 8.25 pay eent. 7 per eent Certificates at 97.43, United Railway ef fit. Louis to yield about 8 per eent. -1 00(4 02(4 ...... Alch-arda- - ' ........ Big Hill ... Big Cot. Conlltloa Besver Copper Bey Bute Black MeUI Cent. Eureka Cedar Tails ... Colb, Rexslt Colorado Consolidated e. Crown Point er LIBERTY BONDS Brothers Bankers .. ,01(4 12)4 -- eUA ,02 .04(4 .... Boley ; toilet-powd- Walker . Atte Tunnel .... Addle BuHle ....' ' " '.:.z:;rrQoVERENT bonds ,8tndar!t Bid. J Asked. gtse Without attempting to predict the immediate course .of the bond market, we recommend the offerings listed here as representative of the unusual opportunities in safe investment, with strong probability of profits in addition to the extraordinary yield as compared to normal return. Securities we recommend must pass a searching test, and must e safe enough for the investment of our oiyn , UOThD 3TOt K8 Antelope high-grad- ful service alJhe more effective because of the financial strength, and rpore than sixty-tw- p years of experience that lie behind H.. - Alta Coonolldated Albion Consolidated Am. Consolidated Copper , than a repository for funds. It lias to offer an active help . Company Takes Over Delivery of Ore From Mine to Garfield Concentrator, ing the rising cost of credit, The evidence now appears conclusive - that; the maximum money strain has been passed and that from now on interest rates will slowly blit surely decline, and that e bonds will' recover in pricer-- ; ., No Commission Charge. DON BENILL 313-31- Newhouse Buildir; Ption Wasatch, 1701. 5 There t Juat ona plac wltrr ibne- i out of htUn going in an tbon gnlng and t. 1j ran tnr.t tp ninlusl atltuiit-iae- , plac ia The TrH una Want Cu'umiai - J |