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Show 4 THE, SALT LAKE TRIBUNE, WEDNESDAY JUUK.Nl.Mi, AlAKUii y, GASOLINE METALS. Copper Silver ; lead ...lllls MM . Spoltor Silver (ia r- - HERE'S OUR. WANT AO, SKEEZlXI THAT POCHT. fc -- eRINfe' A 17 Loaii)...,., ......84.76414 511.4 St. A MECHANICIAN FOR SKEEZIX ALLEY-PICKI- NG 88 (Hew York)...,-( iyji. London) womam To take cars or Ptve MB A REST! AMO Two Feet of Solid Galena and Body of Carbonates Struck, Report Officials. Development Being Rapidly Trading Restricted and FeaBushed; Shaft Is Being tureless; Interest in the Sunk to Level. 450-fo- ot Beaver Copper Increases. -- ore ouened up In the Doughboy mine, situated near Mackay, Idaho, afer but a year's steady development work have been further Increased by the latest strike on the level.. Word from the mine reached Arthur N. Kaeet, consulting engineer of the mine, yesterday that two feet of galena ore had been opened on the mine's lowest level. . Immediately on receiving this word Mr. Sweet, who IS a large stockholder In the company, left for the mine. 'Just before opening up this galena, according to Mr. Sweet. a large body of carbonate, ore. averaging from eight to ten ounces of silver and from 8 t Iff per cent lead, was opened up. Although this body was crosscut for a wld h oif from eight to ten feet and followed for about thirty feet, the else of this deposit is not known, as work was resumed again In the main fissure when this superficial development work was accomplished.made .The new strike of galena ore whsone of on contact, the only 's four large fissures traversing the property thatjhas l)een.develojed to Mr. up to the present time. According Sweet, the body 'of carbonates was found at the Intersection of the contact fissure' with a crossbreak. ,'.,J Tie reserves of excellent 300-fo- ot "high-gra- . high-grad- e ry com-.rany- Mine But One Year Old. Inasmuch' as the mine elnce It was taken over by the new company y?Tr; nearly paid for itself and for Its dwH 'opraent, the stockholders, who sre nr all Idaho Falls business men, are . nlore than pleased with the results of their Investment. So much excellent ore, In addition lo that already shipped, la standing In the mine, and such encouraging conditions being encountered with further exploration, that members of the company an confident thatt ofhe future of lhe mine, after but a year steady development from the prospect stage. Is assured. The control assay of the last shipment ore, actons of mine-ru- n of fifty-tw- o cording to F. C. Armour, a member of the executive board, showed the following v ounces and glues: Forty-on- e ofc silver and 43.g per cent lead. Lot No. lb of an equal tonnage, will run about one ounce per ton of silver and I per cent of! lead. The ore, much ' In demand because of Its Iron eontentby local smelters, runs remarkably even In quality; about one ounce of silver to a per cent of lead. bhlpmenta of ore during the last two months have been held up slightly by the heavy fall of anow and consequent slides occurring In January. As the snow Is going rapidly and the mine la but four miles from the railroad. It Is believed that shipments can be resumed again In a month or to. , -- . one-ha- -- high-grad- ITO-fo- ot 350-fo- ot Hfineralization ahip-men- ts Persistent. At lsst word from the mine the new galops strike on this level, cut Into for n distance of stx feet, was still going strong ahead to the north. To the south quite an good mineralization has been opened work has up, although not aa much been done. At present, raises are being driven In ore from two to four feet thick level, both from th 30- - to the to the north and the south of the Incline hnft. When these connections are made, other connections betseen the upper levels of the mine will be made. In order that sloping of the ora already developed may be carried on expedltlonsly and economically. In addition to this development work, the shaft, mink on an Incline ot about 4 In the degrees. Is being deepened opinion of Mr. Armour, wlthtn thlrtvdays, l. will and perha pa. sooner, lhe be reeched. At this depth a ration wt'l be put and drifts similar to those on the level will be run, both to the north and the south. The new equipment, consisting of a Chicago pneumatic engine and hoist, compressors and o' her machinery, la giving perfect service. It Is said. The Installation of this equipment lues saved the company considerable money already. As noon as soring sets In the new ore bouse of the Cripple Creek tvpe will be completed. Work on this building. atareL early In lhe winter, was lenii orarlly s'ls pended on account of the unusually heavy fall of snow. 23(l-fo- , 450-fo- ot ot ASSESSMENT LEVIED. The following assessment notices were htoex posted yesterday on the bait and Mining Kxchange. Htg Cotionwoon Coalition, 1 cent per share., delinquent April 4, sales date Mav 7; Antelope Star, I .cent per share, delinquent March lit. sales date April JO. l, with 8000 ehares active, receded from an opening of 214 cents to a dose of 2 rente. Antelope Star, with a total of SO.OOO.shares spId, receded to a cents when an assessment of close of I cent per share was announced on the floor. Old Emery managed to climb to Its trading level of 20 cents for the sale of 2500 shares, after 400 shares had been anh) at 20 cents. Bullion, with 5000 shares sold, advanced to a close of 4 cents. Silver Shield failed to show and strength s a result of of the new deaf for the property of the company. The opening price of this stock waa made at 1554 cents, while the greater ., part of the trading of 3400 shares was done at 15 cents. New Quincy, with the sale of 3500 shares, advanced to a close of 414 cents. Eureka Bullion trailed at 10 cents for 1500 shares and Eureka LJIly around 8 cents. Interest In both AUa and Ttntle stocks was lacking. American Consolidated Copper, with 5000 shares sold at 1 cent, and Alta Consolidated with 2500 shares' sold around 1 cent, were the most active otthe Cottonwoods. Quotations follow; LONDON M4rrX H LONDON, eeni-s- . MONEY. Btr silver, At. per cent. Short Discount rntes: three moot hi bills. 8ts8 Money. 114 LISTED STOCK Mils. 7 psr rsst; 16 per rent. GOVERNMENT 1U J. A. SALT LAKt 18 Main L Wasatch 77 . Boley Big Hill Rig Tot Coaln Cent Eureka ledar Tails ...... Colorado Con Clown Point Cardiff .... Colt King Cott Metal ...... B CO. OCDIN Ccciee Bisg Tel, 3 U a . - Duty ........ Mammoth Miller Hill .... ... .... May Day Maaoa Talley Moarow Michigan Utah New yumcf .... ... .. NaitdrWcr Netn .... . . North standard Niche lea Tin t on . . Old Emery Oil . . 0 K Silver ... 0ntheig9............... Plutna Prince Con Paloma . , Ptochn. Rriatol Price Mining Provo Rico Argentine Hceda Peak ion . . Hire Con KJoo Wellington Hrmth Standard ..... Syndicate .... .... Silver King Coal silver King Con v . Hioiia Vine Heel Sliver Shield South Hecla Kit .. South Iron Hioaaom Smh Park Tecoaia ..... ...... Tar Baby TmMc t eatrai .... Ttntle Standard .. 1 nrle Sara I tali t on I nine 4 Mef Ttnot' Mining tTT V hlrlwlnd .... ... W eat Toledo alker- - Mining . . . vr. , . fcntnn Ol'EMNU BAI.ES. Ast.lopa (ter. 000 at 4r; 6000 et IVe. Alla !a., laoo it r; 1000 at le. tee at lr. at at lr, Kureka Lilly. S7U al tc; 1000 it 8c. Kureka bullion. 1500 at 10c. Howell, aooo at ae. Miller Hill, inuo at 4V,. brw Q toner, 1500 at 4c. raloaia,-aooat c. Piorhe Bristol, aotio at surer Kins I oala , M at 12 40. 2500 at 1S. Ilnr, Shield, 300 at Am. - Aooo TouO Copper. Bearer Copper. lc. Inuo 2c 13; LISTED OIL, Old Emery, 400 at 20c; 600 at JOUSTED iTOt KB Sllrer B5ef. 1600 at 2000 kart Standard, 6taM at J Sr. Uc; cuwixa . , at SALIM. Antaloea Star. 3000 at Site. Alia toa . 6O0 at lc. Bullion, 5000 at 4Hr; 49 at 4Le. Bcar- -r loppar, AOOO at I c Bay state 600 at 53c, 600 at 14c. 1 moo at lr I antiff, toa at 31.10 Miller Hill, 20110 at 4c. 4r. New (pilier, 21km at I'loSa Brlalol, .lino at 2L. Sr la. paat at Sfc. S Irer Shield, 600 at 16r Tiaite Cralral, SCO at lQc. I T0TAIAk stiarea Srllln arid ralne. SO Jolt IJiq nt nm'n-age- r; Arlzona-Wyomin- d' 392-9- feef-witirl- n 350-fo- ot lA INTESTMEHT BECUKITTE. reported by J. A. Hogl A Co.) Majority of the Changes Relatively Unimportant. By ALEXANDER DANA NOYES. NEW YORK, Maffch While the stock market went irregularly lower on the positive news of the entry of the. allied troops into parte of Germany Hot previously occupied, it was not active end the declines were spasmodic, being most noticeable ip the Industrial stocks end occurring, in very, evident response to attacks by professional traders on whatever seemed, to be the vulnerable points. The market did not close at the lowest and the majority of changes were not f Important. In so far as the European situation was reflected In financial markets, it was In foreign exchange. Sterling led the way in a rapid decline of 4 2 cents from Mondays closing; Its low rate of today being 6 cents below the week's high figure, reached before the positive news of the rejection of the allies terms bv Germany. Cither European exchanges followed sterling, the French franc los- mg more than H cent and the German mark touching 1,51 cents, as against a high rate of 1.67 on Monday. The foreign exchange market, having been advancing of late in a more or less speculative way while the stock market was declining, was naturally the more sensitive to the influence 'of the German complication. It ia yet to be seen which market more correctly measured the real significance of the breaking off of negotiations. In European markets a rather sharp decline In British bonds (consols falling and weakness also In the. French 3 per cents aere the notenews. In Lonto the responses worthy don the point, Is made that, however the dispute with Germany eventuates, increased public expenditure by the allied governments is Involved In the extended occupation. This of itself would possibly influence French and British securities. Today's weakness in the wheat mat-ke- t, like that of the day before, had more reference to the governments -eeMmateof -- wheat still held on the farms from the 1928 crop than It had to European politics. The estimate was given out after the wheat market had closed. It showed that, although the crop was 144,000,000 bushels less than that of 1919, and 127,000,000 below 191, nevertheless there were still held on the farms March 1 more wheat by 42,900.-00- 0 bushels than a year ago, and more More by 7S.800.040 than two years ago. of the total 1920 harvest than 28.4 per cent la the exact estimate-- la still reckoned as held fh farm reserves. This Is the largest March estimate of actual holdings since 1916. after btllton-dollthe harvest ctf 1916; except for that year, it is the largest In at least two decades In the two states of Nebraska and Kanone-four- th ar ts 13.400.000 bushels bevond last year's. The statement of England's foreign trade In February, cabled from London today, reflects both the Influence of falling prices on the volume of foreign trade and the continued pressure to reduce the country's surplus of imports over ex- ports Aa compared with the value or last month's total"January, forelrn trade decreased 21 per cent and the decrease from per cent. Part, February. 1920. la 36 but by no means all. of this heavv shrinkage la a matter of low prices, and the decrease of Imports as compared with a year ago Is so much greatsr than the decrease In exports that the month's balance of merchandise trade against Great Britain, which was 61.900.000 pounds In 1920, was only 20,700.000 pounds this year. The last named sum Is., with three exceptions. (last January. November and July) the smallest monthly Import surplus since the beginning of the war. In the two completed months of 1921 this excess of imports has been only pounds greater than In 1912. The -3 008 Hid. Aagto Borne JterytM l 11a. Ruikrje CKeoprofnrti PrFfrrl le The Tribute. - 81-- light vea! calves, $10.0011.00. Hoge Receipt none. Market 15 cents high- boar, but then as a rule veered to tbo rt-er; strong demand. Choice prime fop fat hogs, sumption that the amount of wheat held on 170 to 200 pounds, $10 40: bulk of sales, $9 630 farms would prove larger thaa generally esti10 13; feeders, mated. Most of the aelllug pressure came from $89.80. ts tn The whole, none; markel'STcent Iflgtfer; holder of March contracts. fair demand. Choice fat lambs (light weight!. sererthelest, the report was a surprise In that the majority of guesses put the total of fnrtn $7 008.00; choice yearling. $6.ofe6 0O; fat reserves much below the governments figures, wethers, $3.504 50; fat ewet $4.0064.30. Cora tad oat were governed br wheat.. Provisions averaged higher with bog. 0GDEV. of changes In labor conditions at Special to The Tribune. the pocking bouses bad B0 appreciable effect. 8. Cattle Receipt ISA. March OGDEN. RANGE OF THE LEADING FCTIIRES. Choice heavy steer, $4.007.00; good steers, fair steers, $5.006.00; choice $o.50&6.2&; Wheat-Ma- rch feeder steer. $5.006 00; choice cows sad heif.. ers. $5.005.75; fair to good cows and heifers, $4 90(g5.0O; cutters, $3,0044.00; canaers, $2.00 May , ... Cora fat 4s2.30; choice feeder cons, $4,0945 00; bulls, $3,0044.00; bologna bulla, $2.753.50; May . ... vs I calves, $9.0010.00, July . ... none. Oats Choice fat begs. 173 Hogs Receipts to 250 pounds. $9.80; bulk of sales, $9,3049.80; May . feeder hogs, 00. July . ... rork Choice lamb, $7.00$ Sheep Receipts 4M7. fat ewes, $3,004$ May . .. $00; wethdrm, $5.004t&50; 4 00; feeder lambs, $6 00447.00. Lard May , ... July . Ribs May , . July 8000r market 16 to 23 cents hi.h.r Tup iio.to; bulk, . 30 35 8 heap Receipts 2600; market 26 cents high-sr- . Lambs, 87.00titf.00; ewes, 34.755.00. 81.7714; Corn bulk 67.00; Inniely real salves bulls, 86.2346.00; 23; stacker und feeder steer 810.604(11 largely 60. Receipt- - 20,000; ligbt tad light butchto 40 cents higher; others arerage 25 Hogs ers. 23 cents higher, closed firm. Top, $1106; bulk 200 pounds down. 810 834(11.00; bnlk, 220 pound up. 810.004J 10,60; pigs, 25 to 40 cents higher ; bulk 80 to 120 pounds, 810.654(11.00.. tflicep Receipts 16,000; klihug classes steady to 26 cent higher; no eboleo bandy weight lambs here; iambs, top 810.LO; arerage 87 pounds; choice 00 pound Colorado lambs reached 810 00; bulk fat lambs, 80 234(10.00; choice 105 pound ended yearlings. 87.60; shorn, 86.75; thorn wethers, 86 00; 122 pound thorn ewes t w. 10 led cwrs, 83.83; bulk fut 3 10: 75. wooled ewes, -Burley, 68678c. 3.7565 23. seed. Timothy Clover seed, 813.00ft 18 00, nominal. , Pork, 11.77. Lard, Riba, 11.004(12-06- . ......... Local Securities OMAHA. ' trading department has Our orders In tlie following: ! Utah Power k Light pfd. Sugar com. Sugar Bonds Amalgamated Sugar pfd. Amalgamated Sugar com. Cement Utah-Idah- o Utah-Idah- o Ogden-Portlan- KANSAS CITY. KAS8AR CITY. March 8. istlleRcccIpts 10.300. Beef steers and fut the stock steady to 26 cents Tower; tdp beef steers, lata, 80 63; Bl Iked bclfer 88.73', prime yearling 'heifers, 87.00; bulls tod steers, 89.00; bee' cows., steads; runners. 23 rests lower, many selling 82 304(3 00; calree closlog mostly 81 lower; ; bulk renters. 80.304(10 50; pructlcul top. shirkers uod feeders steady ; several loads feed rt, 8 26. Hogs Receipts 9040; 25 lo 60 cents higher; mostly 40 lo 60 cents higher; top. 810.30; bulk of sales, 80.764116 66: slock pigs steady, lo fat pigs, 811.00MII 23. Strung; good and choh-Sheep Receipts 6000 ; 7iandy weight lambs, mostly 23 cents higher; lop, 84 83;, heavies, 23 lo 40 cento lower; so sheep ofter.-d; c . d pfd. n pfd. J. 0. Penney pfd. Co. Dayton Drug Mutual Creamery Co, stock Mutual Creamery Co. bonds All issues U. S. Liberty Scliramm-Johnao- Bonds We execute orders in all mar- kets on standard securities. PALMERCa Bond S? Mortgage BONDS. FOREIGN GOVERNMENT (At reported by J. A. Hoglo A Co.) Suit 411 Walker Bank Building;. Wasatch 6888. hMMfifeMMnMHnBBBni IS IT PEBPLEXED? INCOME TAX? 1 Asked. " ' SEE p J A.A. REMB0LD - rrTrr.7T7T77T , wMt. WHOLESALE DAIRY PRODUCE. Case lots. ' Is carbutt Fresh extra creamery ' ' 9 tons Fresh firsts creamery butter, parch ,44'k meat print Fresh firsts creamery butter IB car.45Va tons ... . 85 tubs).... Cooking butter (60-lb.33 Ranch egg .61 Full cresms cheese, triplets .32 Young America full cream cheese.... - .33 Block Swiss cheeaa OMAHA. March 8 (United States bureau of markets Hogs Receipts 14.000; mostly 23 to 40 cents higher: bulk, medium sod ligbt butchers, 8 734(10.00; tap, 810 10; bulk strung weight uod packing grades. (title Receipts UUOO. H.-t-f steersto generally 13 rents steady steady: top, 863; loner; tesla. 25 to 60 rents lower; spots, $10.00; bulls, stackers and feeders around steady. Sheep- - Rrcvipts 65Ki. Lambs fully SO cents higher; esrly top. 80.30; sheep steady; ten. 85 26; feeders higher; feeding lumbs, 88 0V , bard, $171. 04 V ft (13 ki c ; No. 2 yl- - No,-- 3 No. 8 mixed. toOatsta.8C'whiterWV4ft4!4e;NrS CH1CA00. CHICAGO. March 8. Cattle Receipts 10.000; oitened generally steady oa all grades end classes, closed strong on" beef steers, weak on stock. rs und feeders; top beyf steers. 810.76; bolk, 88 504710.26; bulk butcher sbe stock, 86 00 . ... ... 44V4ft43V4c J1IU Public Accountant - Income tax counselor Suite 307 McComlck Bldg. Phone Wasatch 3976 .............. Kurek Ualrno old pM to new preferred do rajititon llllnol pfp Imperial Otl Indiana Pipe National Transit S Y Traiwit ... Northern pipe " Okies ' DENVER, Colo.. March . That there has been an increased Interest In leasing In tha Crippls Teek district, and that miners sre larga numbers of hard-ro- k is the statement returning to the district, made by tleorge M Taylor, mnnnger ot the Portland Gold Milling company. According to Taylor, there are more mine laborers In Cripple Creek than at any time for the last two today years, and many of them are taking up leaaes from some of the big companies "There la pot much tendency on the additional part of the mines lo employ men. Tsvlor said, but 1 do look for a steady Increase Is leasing If the price of powder Is decreased. Manager Tavlor declared Ihet the price ef powder today almost prohibits leasing srtivltv, and la the main factor In the decrease in leasing, "The prtre of powder Increased from 312 to 24 ft daring . FLOPS AXD MAX. the war, and right now It Is selling at Marrh UlVKArOl.m. 60. 123 almost prohlhitHa for the email to JKV? lower. In rtrkwtf tot, family miner In ease tiie price of powder drops, patent quoted t $9 10(10 U a trarrvl ia M however. It is expected that leasing will HHint Mckf. be rvCBtnhliklied in a large measure. '. Bran $J3I 00. artUmra-psr-tieular- a Correct anticipation 8. 1 ' - ronttnentftl Crenrent Cttuiherlaad Cripple Creek District Labor Supply Plentiful Kpeclal (TAXDAXD OIL 8T0CKI. by 3, A. Musts a (As Marrh CHICAGO. that the goreromeut report on farm reserve would prove bearish tended today to weaken whest ia the lats dealings. Trices closed at Ibe same as yesterdays ftnltb to e lower, with March 8166 to 81.60)4 and to 1.60Vi. Corn hwt Sue to H ft Age. May and oats 4c to H ft Vie. Provisions varied from 2t-- e decline to Sc advance. Wheat traders wero cautious until tbs last. same months In 1920 produced an Import surplus of 18.000.000 pounds greater than in the prewar year. neee-ftrtttr- er- W lawn 1 ankee Con (odar Tain, . Special to Tha Tribune. NORTH SALT LAKK March. 9 Cattle-Re-e- eipu 20. Steer teady; cow 25'eent tower: fair demand. Choice weighty ateere, M 23 ki 7 25: good steer, W OOfad 50; feeder aleera. $5 65; choice con a&d heavy heifers, M.75 6575; fair to good cons and heifer. $3.7548 4.75; cutters. $2 9OfeB0; canner. $1 904? 2. 40; fat bulla, $4 00Q4.50, bologna bulla, $2.9063.40; Arlzona-Wyomi- ........ W -- e, ...... tooth Arizona-Wyoml- ihis-plec- ........ Declines Are Spasmodic and ot four-inc- Daly Weat ........ Dragon Demijohn Con .... Kmmi Silver ...... Empire Copper .... BAB Beil Emerald Eureka Minea .... Eaat Crown Point Kant Tin tic Coatn East Tiatlc Con . . East Antelope .... Eureka Lilly ...... Enrekn Bullion ... Grand Central .... Great Weatern .... Hamburg Minea , . Howell Home Run Iron Bioaanm Indian ijueen .... Iron Ring ........ Judge MAS .... Keystone .... .... Li hi Tin Ue Leooora . . Logger Konaofiite .... .... I 50-f- Arlzona-Wyomi- .... .... Bcnver Copper Bar Btate B! ark Metal BROKEN HJULS, Nev March 8. Late developments in. the main Broken Hths shaft and In the drift along the Fidelity vein on the 1 level of the shaft have demonstrated that the ore bodies exposed therein are widening and showing a tendency to Increase their values. T he official report made by the mine management a few days ago to the directors ot the Rrokep Hills Silver corporation that four feet of ore in the face of the Fidelity drift assayed 323.30 a ton proves to be an understatement, as like high values penetrate both walla of the drift. The mine management states that tmg condition indicates the Fidelity vein Is at least six feet wide and that the values In' the wails are on a par with those In the four-foface of the drift itself. The main Broken Hills shaft has been 3151 et sunk to mam Broken Hills vein, which lies twenty-two feet east of and parallel with the Fidelity vein, and at . that depth the ore both wall of ythe shaft, indipenetrates' cating' X vein- width of nine feet or more. Silver-leavalues range as high as a ton, ' The main Broken. Hllfa dhaft will reach a depth 'of 350 ten days. At that level, a crosscut' wifi at once, be driven west to intersect tire Fidelity vein. Within a week from the date when crosscutting begins the objective should be reached,, as the vein does not lie more feet from the shaft on than thirty-fiv- e the level. When this development work Is a fact accomplished, the Fidelity and Broken Hills veins will have been opened at a depth of 350 feet, within a week of each conditions other, under mineraloglcal strongly favorable to their persistency to the greatest depth tt will be possible to prosecute mine work, - ......... BONDS EXCHANGE" IIOGLE - ...... INVESTMENT SECURITIES FOREIGN H. Michigan Antelope Star Attn Con Alin Tiger ,, Albion toe ...... An ton Copper Altn Tunnel Bullion , . . Special do The Tribune. Steps Jiave been taken by the Oil company whereby," when the season opens In the Fossil field near Kammerer,' Wyo., In which district the company's holdings are located, der&p-meof the property may procce (liently. The capitalization of tl; pany has been Increased from 31 3300.000. Officers of the company are as follower p. i Mullen, president and M. S. Woo I fey. .vice president, and D. C. Coutam, secretary-treasurer- .. These, with C. O. Ballantyne, A. U Cook, D. I). Crawford and B.F. Bauer, constitute the directorate. Recently a proposition waa submitted to the company having In view the consolidation of the holdings of the Salt Lake (Ml syndicate, 180 acres, with those of g .Oil company. Aa th these lands are, In the main, contiguous, and combined would control the anticline for a distance of about three and a half lAaked. mllea and give the company a combined acreage of 3800 acres, the proposition waa In consideration of this exaccepted. change of land, there has been Issued, actoSecretary Coulam to the parcording ties Interest In the Salt Lake Oil ayndi-cat- a a total of 508,458 shares of stock. During the year a lease of 180 acres was given to the Pyramid Oil company on a royalty basis of 20 per cent. This company lias drilled two wells to the first sand, encountering the same at 120 feet h In the first well a casing was used and in the second an eight-inc- h sand This contains the casing. lubricating oil. No attempt has been made to pump the first well, while the pump on the second ha produced about four barrels per day. On account of the severity of the weather It was not possible to make satisfactory progress and pumping was discontinued until the weather moderated. Completion of the new refinery with a Capacity of fifty barMs per day. has been held back owing to the conditions of the roadz. which has made It impossible to haul In the fire brick necenuaprTo finish the firebox. However, If prpsbnt weather e of work conditions continue, should be completed al-e- a early date, for the roads are improving so rapidly that hauling may be possible In a short period of time. An analvM of the crude oil obtained from the first and second sands (the product frorfi the former being a lubricating oil and the latter a light oil), shows the following values, according to the report of Professor Rrlghton of the Iniverslty of I'tah: Bhxk oil from the first sand, Baunie gravity, 21. gasoline content, 4 per cent; kerosene, 18 per cent; light oil. Huume gravity. 42; gasoline content, 42 per cent, and kerosene. 15 per cent. Professor Brighton also states that the black (lubricating) oil at room temperature flow freely and at aero O Is still Of course, by longer or shorter liquid. distillation, wlih steam preferably, this residue can have Its viscosity and fash point either increased or decreased, but even In crude state,, after a simple fire distillation It appear to he suitable for ordinary lubricating purpnaen.. The fractions of the light oil from 300 to 25 degrees C and 325 to 350'degrees C aolldlfled on cooling due to their heavy paraffine content, while the same fractions from the black oil remained fluid and very mobile. The residue left above 350 degrees from the light oil was aalve-llkIn consistency when cool and would not flow, while that from the black otl was still liquid at room temieratiire after standing over night. The black oil 325 to 350 degrees fraction has all the appearance of a very fine lubricating oil without any special refining. The oil. as a whole, la low In solid paraffin so remains fluid when cold a desirable quality for lubricants. Roth oils sre tsluable products; the light oil a a source of gasoline, kerosene and paraffin with some lubricants, and the black oil, particularly, as a source of lubricating oil." With the acquisition of t"h Salt iAike Oil syndicate's property, which included a Keystone rig capable of drilling to a depth of 1000 feet, according to Mr. t'oulam, the (HI company has two rlge wipli which operation can he commenced Lp the spring. As the most productive tf the known sands In the Fossil flelcklle at a shallow depth, these rigs sre heavv enough to do the work which the company has planned In the In addition to the leaee of 180 scree to the Tyramld Oil company, a truer of 240 acre was leased on a royalty basis of Ac224 per cent to California people cording to Information received recently bv Mr. Coulam, a drilling rig for operation on this new lease Is pelug shipped to the field. Bid. per 11 Vein Is Proving .Rich Ploche-Bristo- '' ' f Broken Hills Fidelity .. . lf OlumbusHcxall Speeded. however, due to the low prti e of lead. I ha company baa not been disappointed In not 'being able to ship. During the past two months development work has then pushed as rapidly as was considered Justified by conditions. In tji month of February, according to Mr. Armour, a total of 250 feet of development work was aocompllshed by a force of seven men.ocThe mineralization In the Doughboy curs In large lenses along a porphyry lime Intrusion. A up to the present but one of the main contact or fissure veins has been developed, mining men who have visited the property sav that, considering e ore of . the large tonnage opened up In such a small percentage o the total territory, the Doughboy Is one of the most remarkable mtnea opened up lq years. on the Although the mineralization and the levela was etghiy-foexcellent. It Is found that the deposit Is becoming richer as depth la attalnegl. level the beat From the have been made. The deposits are found In the form of lenses along the contact. The main lens on this level, acfeet cording to Mr. Sweet, is ffifty-fiv- e long, five and a half feet wide, with the ore going strong, both up and down. After this lens was left the carbonate ore wps struck at the Intersection. oi r i ATIZOnJt-- WsisyOITling VvOITipany attention. ThlaLsuddn resumpUon-Hv- ffading in this stock waa due. It is said, to the company having secured an excellent filing In the 8an Rafael ewelL AlCapitalization and Directhough Bay Stale held to the levels of 33 34 cents of the day before, trading and Increased. Are torate fell off to a total of 1000 shares. two-tent- Development t yesterday On the Salt Lake Stock and Mining exchange in decided contrast to the activity on the preceding day. But 90,720 sherea, valued at 34701.10, were traded during the two sesof the presions, a total about Prieea, ceding day's transactions. general rule, were slightly off. Expensive stocks were dormant as well es the lower priced Issues. But fifty .shares of BHver King Coalition were traded In, and these were sold at 32.40. All other stocks of this class were Inactive. What - little Interest was displayed In oil stocks was limited to the cheaper shares. Beaver Copper, with a total of 12,000 shares sold at prices ranging from 1V4 to 1 cents, attracted considerable A lull prevailed iy hnd Mi. lour Oil International Pt Fran Me Pm trio Oil ...a Prairie I'tpt Molar Western Utah Copper Bought Botithem George W. Sumer I.. 20 Broad Street, New Tork City .. . Pipe Oil Olt Oil all fora fttanriard Oil Indiana .... L1 . k Standard Oil Kanoaa. . , , ,V( ( l Mtandard Oil Kmtnrky . , .. . Atandard Oil Nebraska..,,, Atandnrd Oil New Ynrfe..,s Bfaodanl Oil Ohio..,,., re .......a la.,., standard Preferred Awan A lUlfe ..4. Pine,.,, ... Lnlon Tank Preferred .... ............. . WaahiMstoa . ... Yaemsm Quoted Reft touth Penn W Sold . : CHICAGO PRODUCE. Martli Butler nnattled. 4tfWf40c: andarri. 4lr. ZH lewer. . Pirait Receipt W, U 30 firat II A, 1 31V; ardtaurjr e; at IAS SILVER. AlftAlu.c. mirk, raaea Included NEW YORK. Marrh $ poultry Alive, hither; font, 8 2t, ajirlsfi, Rr tllftr. 4onttc, 83 rente. M'yr fttu'lg, 53 toiler, tlr. CHICAGO. Creamery .ritra K. 'r flUi FfancisG Luice Cenerai Manager t86i, Continental 3a.t Cart Cit pi y Utah . fRont DeDtsiJrnk - |