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Show 10 THE SALT LAKE TUiLU.NE, SUNDAY JUUKAJLNU, LLfiKUAKYTjJU, 1921. . We Save You Time aid N - Money "larojT JOOOOOOO DQOOO D Optical Dept., Main - 'V POOOOOOOO OOC'UO vOOOO oo Notwithstanding the Heavy ' Shipments of Last Year, Reserves Are Still Large. MHIW Notwithstanding the fapt that during year 185 carload, of ere tiave Monarch been shipped from the Spruce e property, situated about twenly-thrrmiles south of Tobar. Nev., the available accordbeen touched, mineral has hardly ing to ft 0. Hobbs, Walt Dike engineer, who ret ur'Vd from the mine yesterday. Recently Mr. Dobba was made consulting ... engineer of the comps ny. In addition to the laise reservca of ore exposed on and level, above the main tunnel or b said Jlr Piobj's, developments on levels indicate contoof and the be will the deposits that' largest clusively up St depth. Mon-a- r -opened During the past year 1x5 carloads, or h prodii(jrta TctsT of which the about 000 Iona, of ore, from net smelter return to the --company has hon flqjvpiwito Ail of this ora wasthemined,7 Mr, Hobbs, between according levels from a shoot foot, and the 100 feet long and about twelve feet wide. I Moreover, Mr. lobbs states that the ore la still going ahead, down and up strong. Although all of the production of the milt up to date has been from the none a bov.j the 4M level, there are still thousands of tons of ore In the ,tipierw ork-- . tngs which will be available for shipping at a later date. Milling men who have visited the Spruce Monarch recently state this property .is that without a doubt silver-leathe largest deposit probably opened- tip tfi thvwrst statements of to Ktandard, according of the company. On the 430 level, in the winze being sunlit to, develop the Spruce Monarch vein below the main tunnel, there Is a strong showing of ore, Mr. Hobbs reports. On the BOO foot level a fairly high grade of ore .has also been broken Into. In places there are large caverns going down In - the fissure, frozen onto the aide of which g there are geodes of silver, lead carbonate ore covered with lime spar. This deposition, along with other mineralogies! conditions, points clearly to the (act. according to Mr. Hobbs, that the richest and most extensive mineralization will he reached when the (Sulphide gone is entered. Not only do conditions on the lower level point to the fact that probably the most profitable zone forexploltatlon lies below the 400 level, but recont develop- innnts In a drift from the main tuipnul ntong the footwall side of fhe Spruce Monarch gone Indicate unmistakably, according to Mr. Hobbs, that but little or nothing concerning the extent of the miners ltzattcmr'tn the upper workings Is known: In ths drift along the footwall of the Monarch fissure system, ore appeared In the floor of the heading for about thirty feet;' This convinced ths nfmagement that work was being done on the top of another great ore shoot. Yet a little later ore began to appear In the face of the drift until .the shoot extended Into the back of the'TTHTt. NT7W this deposit, Mr. Hobbs said yesterday, appears to be going' strong both up and down, with a bedded deposit leading off to the west Into the footwall. In this drift, more or lag or has been followed for seventy ... fort, with - the mineralization still .leading d , on ahead.- pt the -- . OOQ V oduesdirybuys- - a the-Aa- gltt-ws- Bofi-fo- ot -- tlje-Spri- no -- OOOOC gold-fille- - OOCOJ tcu-.,,- .( ot OOOQc Tell DQOOO OOQOCI Wewill give three, cash prizes $25,.$15and $5 for the jooa PQOOO ;oo E MDO(X hlgh-grad- , Mattson, who Is ebarg development work at the property of the Independence Mining company:. In . East Tlntic, says that the shaft has now passed the level and that the contractor. Robert Kallando, Is making very good headway. But one shaft Is In use at the present' tfttio. but the' property Is well equipped, having an electric hoist and compressor. The showing at a depth of 230 feet Is reported to be highly encouraging. The drills are cutting through a porphyry formation and no particular change is expected until the shaft la gunk to the 400 or 600 level. la the same section of East Tintlc. a short distance to the east of the Independence, the East Standard company la sinking a shaft, Isaac Isaacson of Ooshen Is In charge of , the work at the East btspdard and sinking is being carried on 290 feet. Eureka at a depth of about 230-fo- ra Crown Point Ground Still Being Worked work Is still In progress' Hevelopment Crown Point property, although the company's operations have attracted hut little attention during the past few years, says the Eureka Reporter. By very careful work It is possible to keep things mova ing on a small scale without inflicting M. C. hardship on the shareholders. at Ronndy Is looking after the property the piesent time and states that the prospecting la confined to the 1000 level, at the riOUS AVD MINNEAPOLIS, Feb. Bras $91.00. 1. ISAS. Flour, 95c Selected Strictly Fresh Eggs, 35c .dozen can Crisco .$1.25 2 lbs. Full Cream Cheese. 55c 25c 2 cans String Beans 25c 3 lbs. Head Rice Two 10c cans Black 15c Pepper' Armours Pure White rLard ..... ......... 1. .40c 2 tall, cans Bordens Milk 25c. s 2, lbs. 10 bars Crystal White 55c Soap Morgan Extra Sifted Peas, can ,...25cJ 80cf 2 lbs. Luneta Coffee Aunt Jemima Pancake 15c Flour, pkg No. 10 box N. B. C. 7 Crackers $1.15 big New StockS unripe Oats 55c bag: Oats, new stock .50c 3 lbs. Best Lima Beans '..35c ..... - 9-l- 10-l- b. bag .Salt-- . 12 bars Creme Oil Soap ...85c 4 lbs. Navy Beans 25c Wedding Breakfast Coffee, 35c per lb 2 pkgs. New Stock Cream of ' Wheat . . r. 7 77 : . 65c .....35c . d - 21-l- ....... ..... for $L90 2 sacks Patent Flour, cwt $3.75 1 case Crystal White Soap, 100 9-l- 9-l- bars $5.90 sack Graham Flour ..50c sack Germade 50c DampbeUaEoup,.. all kinds 35c 4 small cans Milk x..25c 1 $2.15 gallon Mazola Oil Half gal. Mazola Oil ....$1.15 1 35c pint Mazola Oil Tall can Hebe Milk r. .7.10c bag Fresh Yellow Cornmeal 35c 2 lbs. Fresh Bulk McDon- ' aids Cocoa 45c can McDonald's 9-l- 5-l- .7.... ..... K, In call money rates last week did or did not foreshadow a positive coming change In the money situreserve bank stateation, ths week-en- d ments. showed distinctly better position. The statement for the entire re- eerva aystem, which was given out in New York today at the hour when It Usually filed at Waahintoiv report,! an. Increase In the average teaerve raio from 48 8 per cent to BO the highest since September '24, 1819. The New York regerve bank did even better last week. Re reserve percentage rose from $9H to 41; It now stands at the highest of 1921 to date and above the percentage of any week since last September. Only In three or four weeks of 1920 was a reserve ratio as high as last week.1 reached by the New York baAK.- ; Rediscounts at the New York reserve bank decreased $25.500,000 last week! they are now $34,000,004 less than at the end of 1920, while last weeks decrease of $41,000,000 In the reserve system- as a whole bi'ought the total $347,000,000 below December 31 and $452,000,000 under last year's maximum of November 5. Kor the first time, since the tnlted State went to war, the total oT rediscounted bills, both at New York and in the counwhole. Is practically the same try as as It was twelve months before, the difference now being only a few million dollars. DO IpOOOO 3300 DOQ 3, 50000 VODOO VOOOG bOOQ 0)00000 IO ooooooooo io . bullion have been marketed. The last consignment contained over ounce. The shipment of bullion which will leave the mill within a day or two will likely contain about the same number of ounces. Theodore. P. Holt of the milling com of gold-silv- OOOOOQQO OOQOQ 'ifficienLPuLIic Service'' 1000 00001 OOOQOOQQO er 23.000 ' - rtcscsse; 0000(3 pany says that a carload of copper bullion will soon be shipped from the Silver City plane the work of melting it. into bars now being In progress. da vs are required Twenty to twenty-fiv- e to get a.Jot.of copper, bullioo-.tead- y foc shipment, the furnaces being equipped to melt about two tons a day. Ordinarily the mill will produce a carload of copper bullion in two or three months, but at the present time but little copper ore Is being sent to the plant, owing to the low Eureka Reporter. - Land Office Receive Re- ports of Granting of Twenty Utah Applications Eighth Ejjicode of the Thrilling Serial a . Hermits o prosjiect for oil in Utah have been granted to the following, according to information received at the Ynlted (states land office hi Salt Lake yesterday: Waller F-- Spafford, parts of sections 13 and 14, township 34 south, range 1 east, and sections 17, IS, 19. 20. 29, 30. 31 and 32, township 34 south, range I east, con- taining 2240 acres i Charles Allen. 2540 acres In township $5 south, range T east. Miner S. Crissey, 2560 acres in township 35 south, range 7 east. John H. Nichols, sections 34 and 35, township 33 south, range 4 east, and sections 3 and 10. township 34 south, range ( east, rontaining 2540 sores. Lee S. Hake, land in sections $4, 35 and 34, township 34 south, range 7 east, and sections 1, 2. U and 12. township 35 south, range 7 east, containing 2560 acres. Patrick btilllvan, land In sections 10. 11. 12, IS, 14. 15. 22, 23 and 24, township 35 south, range 7 cast, containing 2540 acres. A. E. Sterrett, part of sections 18, 19, 8, 13, 24 and 25. township 33 south, range 7 east, containing 2540 acres. (lerrlf B. Lansing, parts of sections 1, 2, 8, 10, 11, 12, 13, 14 and 15. township 33 south, range 7 east, containing 2560 acres. i Elbert J. King and 1. Ralph Parsons, lJT li. i5sud 29, tow 34 south, rango I east, containing 5t0 acres, j Rambrandt If. Peale, land In township 34 and 35 south, range 7 east, containing 2560 acres. Satnuel A. King, parts of septloms 20, 21 and 29. towntdiip 34 south, range 7 east, contHtnlng 560 acre. VVilljamtl. Stark, land In township 23 south, 'range 6 east, containing 2560 acres. V L. l!lerai b, land In township 35 South, range 5 east, containing 2560 acre. Roger V , Power, sections 21, 28, 33 and 34. township 35 south, range 7 east, containing 2560 acres. Iatule Noclcels, part of sections 25. 26, 35 and 36, township 34 south, range 6 east, and section 31. townahlp 34 south, range 7 east, containing 2560 acres. J. M. Snow, land In sections 13. 14. IS. 22, 23 and 24, townahlp 34 south, range 6 . ja rev -- prt-f-eeott- on- &k'lm -- liarC Vbrtionai and 24, township 85 south, range 7 east, and sections' 17, IS. 19 and 20. township 35 South, range 8 cant, Containing 2540 acres. Wilaon H. Bnrtt, land In sections 10. 11. 15, 22. 23 aud 24, township 35 south, range 7 east, containing 1680 acre. Alfred 11. estbsll, sections 27, 28. 33 and 31. township 29 south, range $ east, containing 2560 acres. bliurtz, sections 31 and 32, Ambinae township 56 south, range 5 cast, and section 5 and 4. township 87 south, range east, containing 2560 acres. William Johnson, set tlons I. 9. 1$ and 17. tow'ii'dtlp 87 south, range 5 east, containing 2560 acres.. ly artificial chaaracter. All the above descriptions are based There was nolhing In todays news to on (heof Salt Lake meridian. The steraffect the exchange market ling and other foreign exchange rule declined aharplj, .but recovered nearly all Tin to of the lues hefora the day was over. bullion at Hindoo de lined to another Bullion new low pru for the perlri. The Vic4 s ear tjumls rose shove the j pretory Preparation aie being made for the vious high price. bulehlpintnt or another Jut of lion from the plant of the Tintlc Milling CLEARING HOUSE REPORT. millSilver tha company at city. Since $2.(24 324. SI ing company commencad separating Its Falurdav'e clearlAga I tie, 714. 28 gold snd sliver from tha copper, making Sains dav last vesr .14 014.775 II shipment of the tnrtre precious metals Week's i lea rings to ths government mint, three lots burns ek last year ....... 18,195.438. 1. ........ J 0300 boooo -- Trapped! In their mad race to escape Castle Gate and Clear. Creek, the conspirators see in thfe distance the first rosy glow of the dawn of spring. d by the coal brothers they realize it is but a few weeks until Rosie Rosebud is rescued, and they must retreat to the frozen north. t Hard-presse- as. Sign tip with Castle Gate and Clear Creek u your allies in the battle with Old Man Winter. No better security against the assaults of the old tyrant can be found' than these two famous fuels leading the market for more than twenty-fiv, years. e V ASK YOUR DEALER Make tic Mill Shipment of gold-silv- - OO DQOOO e 300c 1 Ml-v- er . . NEW-YOR- further caging off Today's movements on the stock exchange were not important, llcavy speculative selling was resumed in what Wall call Industrial street ''the specialties meaning ths stocks of companies whoso actual position, earnings and outlook are slwavs a matter of conjecture, ender this pressure the oil stocks declined several points and similar weakness was occasioned ' in some shares of woolen, leather, copper and stripping companies In the face of these movements, however, stocks of other Industrial and rail shares held Vteadv and changed .little lit price during the day. a fact which somewhat deprived of general significance the declines In the particular objects of spec- utwttve attack: AsJmtghl'blrve'-Beposed after lie senes of Irregular move- ments, governed chiefly by demonstratlons of pi more or leas Isolated shares, the week as a whole brought extremely irregular What will perhaps be more changes. surprising to people wild have watched the activities of the past few days is tne fact that, hy actual count, there were more net advances Ilian net declines between the previous week's closings and also that net gains today's final prices,were a numerous as of several points same of net losses dimension. Orthe means that most such a showing dinarily. of tha larger movements were of a high- sack Patent Flour 48-l- OOQ Sfeifett Jfjrek Sinttf. Stock Movements Irregular. can Karo Syrup ,..80c can Karo Syrup ,..,.45c 3 bars Palmolive Soap .. .25c 12 ban Palmolive Soap ...90c Large bag Quaker Oats 30c Cocoa 35c 6 large boxes Matches . 735c Large pkg., Sunripe 30o Oats bag Allready Pancake 2 lb. can Armour's Vegetole : Flour 35c 40c 2 tall cans Best Pink . Compound Lard 30c can Australian Jam ...15o Salmon 35c 2 Packages (New Stock) SUNMAID RAISINS ,55c COMPARE OUR PRICES WITH OTHERS10-l- 30 Address your fetters, Automatic Electric Washer Contest, Utah Power & Light Co., aiid bring or send it to the nearest Utah Power & Light Co, store. Be sure that your name and address are plainly written on your letter, We reserve the right to' publish any letter submitted, but will withhold your name if requested. JQGC NOYES.. 0, Maid o' Clover Butter ..50c 10 bars P. & G. White 75o Naptha Soap 2 pkgs. Raisins i.,,,,55c 65c 10 lbs. Head Rice Folgers Golden v Gate, high- 7 esLgrade .coffee on I ,45c market, lb.can Folgers Golden Gate Coffee f $1.10 2 cans Wellington Club 25c Sweet Corn . ..: Not-a-See- By ALEXANDER DANA chiefly-Interestin- 15c pound September,71919. 00 ....... ... 2 dozen Oranges Since Yoik reserve bank InIts circulation of notes $4,000,-00- 0 last week, they decreased nearly In the system sS a whole, making the total reduction from the high .mark of the e.vstera s history on Deer pi her 23, $547,004,000. They are eitll $40,000,000 greater than a vear ago, but the decrease In the eight corresponding weeks a year ago was only $80,000,000. The statement of the associated banks was for Its further reduction of the loan account. Last week's $20, $00,000 curtailment brings the aggregate reduction since the end of December to $273,000,000. This seems large at first blush, jet even In the corresponding period of 1420 the reduction was so that the particular effects of trada reaction are hardly, indicated In the present year's comparisons. The statement of a year ego showed increase of $.104,000,000 in loans since the same week of February. 1910, todav s statement showed decrease of $91,500,000 from last year. This might seem, very slight "deflation" after the experiences of 1920, but it is gin svs necessary to keep in mind the fact that Interior banks, which are still tied up with stationsrY credits carried ever from lest year esc! are leaning on New York to support their own position. 4-l- 6-l- Gives Highest Ratio TV'hlls the New Jell-0- , Butter DOOOO count much higher than the literary style letter. And, remember the. contestdoses oh the 25th, so write your letter now. Be sure that it isnt over 150 words in length. Sys-te- m creased . . ....85c .10c per pkg. can Armour's Vegetole 75c Compound Lard Extra large Dry Prunes, 10 lbs. Extra Fine Sugar Statement- - For Federal Note Circulation Decreased. 60 WEST SECOND SOUTH -l PQOOO . of-th- CAPITOL GROCERY 2 lbs. strictly Fresh DQOOO cash prizes.. In judging letters, the interesting and valuable stories and ideas will Independence Mine Shaft Beow250-foo-t Level .3 Alex. In irh 30000 JJ thethree Actual value of ore Is the basis on which the rate for moving It should be determined, according to a decision made yesterday by the public utilities commission. The decision was brought about through an application from the Eos Angeles & halt taike Route. The rate has been pub, linked and In use' as" 00 cents a ton for ore on the declared value, not to exceed $25 a ton, and $1 Off a ton when the declared value is more 'than $25 a ton and less than $100 a ton. The railroad company asked that' the tariffs be changed to read Bctual value Instead of derlared value. The actual .value can be ascertained from the smelters. The mining companies objected dlT the grounds that much of the ore might be Just bVer the $23 mark In actual value and the Increase would be too great. In making known Its decision In this matter the commission also Instructed the railroad company .to publish a rate $1 ,20 On ore of an actual value of more than $2a and teas than $50, It 40 ton for ore of an actual value of more than $50 and less than $75. and a rate of $t o a ton for-ot an actual .value of more . than $73 a ton aud less than $100, a toh. The old rate for less than $25 actual value pf fhe Stands at 0 cents a ton. f d'... poooo as a busmcss voman'is'a goodfiliiiiieiaITiirestment 'teil 'Us thatr If you feel younger or look younger if you are healthier or happier if washday is less a burden or the clothes look better if you have time tcKhelp daughter with her lessons or to listen to sons footto rde in the new automobile if the Automatic docs . ball stoiT-o- r at all for your happiness1 or enjoyment of life, tell us' the ' anything aetual story and .you stand a mighty go6d chance of winning one of lOOO $atisfa7toryTvery respect DQOOO DQOOO three best letters from owners of Automatic Electric Washers on the subject, Why I Like an Automatic Electric Lv7-- . V; t Washer, Tell us in yout letter justiiow it helps you solve your particular jproblem. If it saves your clothes or your time tell us. If you find that SOQOC u -- - Win a Cash Prize nd -- Jri ofti-cia- ia Us-a- z: remember that we never fit glasses without hay ing Tste ro "6 jit oni etrlsf iff a kc a lhbrbuXdi'elaniliTH" tu t'o'.i of your eyes and he prescribes the kind 'of glasses, that-yoneed and we guarantee that they will prove d 0300 0300 0300 30000 08QQO tiin- - "pair of MoudayT Tuesday and frame, in --a --genuine Fits-ll less ms ' including a thorouglTexainination of' your eyes, splieri- eal lenses ground to. order and a handsome ease. These, glasses will be fitted ior toft-fo- ot ' 00 oo 0 Utah Fuel Gb: of Minerry Shipper Exclusively Castle Gte VClewCiteXGail V |