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Show XIIE SALT LAKE T RIMINI:, SUNDAY MOItN'IXO, APRIL to buy In any quantity lehie 11 la ll cents for electrulytle delivered. l.ead te firm, with leading producers well booked up. Tin has been erratle, following Indoa flu, tueiione, but la rather firmer at the close of the week. During of am continues limited, with holders showing no dieneeltioa to abode Kfforle lo secure for ward shipprlcea ment at the spot price have been unaue- easeful. Consumers' itaiil ere term Antimony remains dull but aleedV, apart Irena a little buying In I erect In fu- lures. Will Introdu; Again HU Bill Placing Stringent Limits Upon Speculation. Subject Exchanges to Under Markets Newly Added ProvUions. Bureau .it ( 1 rioom 0(0)221 a a a CLEARING HOUE SANK. KKW YORK, April I, The actual eon- ditton of cieerinx houee banka end trust oompaniee for me wee snows a deficit la rmrtrt of lt.UI.ltii, due to deer of IM! :o from laet week. - The state- - If you have much figuring to do in your business, you are undoubtedly acquainted with the Burroughs Adding (rn ment followsACItAI. CONDITION. Lnane, discount. eto. ...... tt.ll 111 96 1 ecr ease . ILlAk.Ove Cah In own vaults, members federal reserve bnnk...... Increase . Reserve In federal reserve hank of member banks..,, Machines and you probably know something about Bur- roughs Bookkeeping Machines. But do you know that there is another type of Burroughs figuring machine especially designed for extremely rapid figuring, where a printed list of items is not necessary for that big figure job in every tiecreaae Reserve in Own vault, state lan k a and trust com pan lee Increase Reserve In depositaries, state 8.971.000 banka end trust companies Increase . WASHINGTON, April I Thh Chios mow) . .... 3,713.110.00 demand deposits. board of troll denounced "the Net . Iwcrease greataat gambling house la tho world Time deposits 2J9J.46.eo4i f.ko&.oud Increase . ' by Senator Arthur Capper of Kansas to. Circulation I<d.ood In a atatomant on day, announcing that W.oo . Iiecreaae Monday ha would ratntroduca ,hl C. H. deposits deducted.... IK.Hoooe 48 blit. (, hJ coo (ambling Axgregate reserve 4.HI.AJ Tha aonator charged that "flfteea bil- Deficit in reserve I ecrease 19.914, J0 lion dollara ar wagerad annually In fuHurnmary ef atate hanks and truat ture dealing in Chicago." declared that In Greater New York, not 'Included Chicago broken' ro remissions are "three In clearing house statements: discounts, etc.. time aa great aa the earn Inga of tha Loane, Increase hsnkrrx uf Monte CartOj whhdi- - hseaiefurs twain crease tiae ranged aa tha wqrtd's greatest gamCurrency and bank Betas.... V bling reeort. Increase Tha bill, aa It will ba Introduced by Defioaite with federal reserve bank of New York 8enator Capper, hea a number of new Increase . and Important fcaturea aa compared HUM hd Total depahlta alth the lull which the aenalor aponaored 10.M4.loO Increase at the session. Theee are calculated Tidal deposit, eliminating reserve from amounts due to meet aome of the criticism directed and other depositaries at the old bill end make It lose hanks and trust companies - In U. York New and krltimstir'grnto'aitO mtitlng' Cliy depoait , Interests. The meeaure will be Introduced Increase In the houne also by Repreaentatlve Banks' cash In vault Tlneher of Kansas. Trust companies' cash In Trttma Chirac tall Laha Tribsas la4 business where all WM, u , ................ com-panl- aa The Burroughs Calculator This handy little machine easy to learn, easy to operate, goes straight to the answer; extending and checking invoices and freight bills; gathering cost, Belling price or profit totals; totaling weights and quantities; proving ledger postings and trial balances; extending and adding to vault Bill Revised. 4 inventory figures; and analyzing production records. Ask a Burroughs man to show you the Calculator. It will give you a new conception of the speed and accuracy with which all sorts of routine figuring can be done. a a a "Aa rev lard, my bill will, I believe, meet the approval of the lealtlmate grain and milling Interests," laid Senator Capper. "Tha bUI pieces the grain exchange under the supervision of the bureau of markets of the department of agriculture which will confine what speculation there ie In grain to the regular boards of trade. This will end the activities of the private wire bounce, where 96 per cent of the real gambltag Is done, and which, dotting aa they do, every state of tho union, make gambling easy. A tax "uf to per cent on aU gambling Iran actions will be Imposed. Thia tax la intended to be, and will be, prohibitive. Senator Capper promised to present some startling faota and figures in sup-Pof hie biU. "The transactions In futures amounted to fifty-on- e times the actual amount of grain produced last year. declared the senator today. 80-30-15--2 of-th- Ut . is the answer? well-know- in ' that is wonted With a Burroughs Calculator any cleric can work tout figure problems faster than the best trained specialist can do them by mental calculation n indiscount less For example, to figure that mathemetical which have to be solved volves eight separate problems whether you put down the figures on paper or carry them in youj head. "With the Burroughs Calculator.it is only. necessary, to know the decimal equivalent of the discount to be taken, and by a simple machine jnErhaniral operation the answer appears on lha dials e M.t-ra.u- o anti-dra- 10, 1921. WEEKLY FINANCIAL REVIEW. NEW YORK. April 9 Fbremoat tact dents of another reactionary week In th stork market Included th bewildering movement of money rales, the tnrreeaing gravity of the British labor situation, th more precarious position of th rallroed end further revision of estimates affect- Ing earnings and dividends. Kate rail loans rose to highest levels In for, many months, after relaxing to lowest quotations for renewals In more than a year. Th sudden advance coincided with heavy withdrawals of local reserves by Interior banks. Spread of the lirltiah coal strike gave a sharp setback to exchanx rates and threatened serious economlo disturbance to An trade. Proposed Investigation of th transportation system by the sonata and further Indications that the administration la giving this problem earnest consideration afforded no perceptible relief to railway securities, some new minimum Futures Trading: Heavy. e quotations being mad by stocks and bonds. was knows not that the crop "Everyone la It Th week. believed, win coming sold anywhere near that number of witness significant development In the times. Tbe number of bushel of grain steel and Iron trade. Informed opinion dealt In on the future market at Chi- la that the United Btatea Hteel corporacago last year was three times greater tion noon announce reduced prices than aH the production of the world. All and will schedules and that Independent wage the actual wheat available for th Chiwill order moderate upward producers to lose than cago market amounted twenty-eighundredths of one per cent I readjustments. This course la Indicated roa y of the transactions In futures. While Lit ..I 7' th country produced approximately an, other and scarcely lees Important 700,000,000 bushels of wheat 1 000 000 of Industry, tendencies ere albushels were traded In on the Chicago branches most wholly towards lower schedules futures market alone," financial statements and more Senator Capper asserted that the 40 Adverse dividend omissions seem Inevitably to cent decline In the price of wheat In foreshadow an expansion of th price de- th last twenty days has been due In I ixnre meeaura to ScuMiomT'IevInx manipulation of the I ' commercial TedlS exVeton S15.JJTK for. - WoawHallune ere 7 hi8bjlMBlgned to curb. M4(rrtentative. however, likely to remain RESERVE BOARD STATEMENT, pending more settled condition. Combined reWASHINGTON, April sources and liabilities of federal reserve MITCHELL MADE RECEIVER. banks at the close of business April I DETROIT. April 9. Appointment of H. were reported tonight by the federal reLedyard Mitchell, president of th Maxserve board aa follows: well Motor company, as receiver of th RESOURCES. company friendly proceedings to Gold and gold certificates.... 213,322,000 facilltatee under Its reorganisation was anGold settlement fund, federal nounced today. reserve board , I04.M1.000 The appointment was made by Judge Tuttle of the United States disTotal gold held by banks.. . 17,983,000 Arthur trict Yourt here, whose decree nets forth Gobi with federal reserve that the company's obligations total tit, 31,208 949,000 agents 000,000. The decree defines certain propGold redemption fund....... 139,(78,000 erty to he sold and specifies that it must -, not Total gold reserves. 32, 284,010,000 ooo. be disposed of for less than 310 915,Date of the sale is ,to M set by to City ar unreasonable to Legal tender notes, silver. William 8. Savres, Jr., speflal master the extent that they exceed rates on etc. 217,824,000 In tbe case. All claims against the comchoeolale and chocolate coating. pany are to be filed with the special masTotal reserves ..2,48LS34,0O ter not later than April 26. NEW CORPORATIONS. Bills discounted: Final amalgamation of the Maxwell and Articles of incorporation were filed with Secured by United States efChalmers Motor to be (a companies the government obligations.. 936,021,000 fected when all claims secretary of state's office yesterday against the Max- by the , All other Como Springs Resort company. Lai8.731.000 well been have satisfied. company marBills bought in open The company la organised for the purpose An announcement by the Maxwell comof ket 103,807.000 conducting a. summer constructing and pany today said that 31S.OOO.OOO wlU be half mile of Morgan on The Total bills on hand 82, 208, 369, 000 obtained from banking Interests and othcapital stock is ers when amalgamation Is completed. United States government 9100.000, divided Into 14,000 310 shares. , 9 8 of Officers bond the company are: John 25,547.000 CUBAN BANK SUSPENDS. United States Victory notes , 19,000 Heiner, president; 8umner P. Nelson, United States certificates of vice president; Charles Heiner, secretary Banco HAVANA. April t, Th Will Be Indebtedness: de Cuba suspended payment this treasurer; G. S. Heiner, general manager, B. W. Heiner, additional director. certificates (Pittmorfilng, taking advantage of the liquiman act) Cave Along: 247,275,000 dation law recently adopted hr congress. Capital stock Is fixed at 15000 by the AU other 6,303,000 Failure to obtain a loan In tbe United Brigham Baseball club of Brigham City I States is believed to be ths cause of the I In articles .- of incorporation which have to doss th been filed- Th business of the company Total earnings 7.603,000 decision of will be to promote baaahall In Hex elder 3 21.003 00Q bank. Bank premises cent countv. H. L Krdman Is president; J. Five per redemption B. Thomson, vice president; Charles fund against federal reserve The Banco National de Cuba ta capibank notes Whitworth, Moroni Jensen and La B. 11,647000 talized at 85.000.000. It has been a govLiang are being made by the 'L'VMarie directors. 644.255,000 additional Uncollected items ernment depository. Wight, Mining company to begin development on . AU other resources 11,454,000 Its property In the Free Coinage district RAIL AhLD INDUSTRIALS. NORTH DAKOTA READJUSTMENT. Toatl resources .607,795,000 In the Stansbury mountains, about nine J. A. Hqgle A Co.) (As reported by N. Stockholder T., April FARGO, LIABILITIES. n miles northwest of Grantsvllle, accordTwenty Industrials, To 81; off .66. cooperative 101,226 000 In twelve of the thirty-seveCapital paid In Twenty railroads, 69.59; off .39. stores tn North Dakota, operated by the 202,036,004 Surplus . Otis Elevator company for 1920 earned ing to John V. Long, Jr., president. Work Consumers' United Stores company, have will be started. It Is planned, as soon as Deposits; 2 on common, against 819.01 In 1919. 329 to over made tha take arrangements Government deposits 48,053,044 H. G. Dun reports failures In the the roads are settled after the recent tnelve stores and operate (hem IndeDue to members, reserve week as United 322, States this against storms. an organizer account 1,661,938,000 pendently, Alfred Knutson, for the company, said today. The plan 299 last week and 104 the same week of A other deposits, lnclud- Mr. Long and a party interested In the will be submitted to Judge Moellrlng at last year. . ing foreign government companys net In property made a trip recently to the Inspiration Copper ended Minot, It was said. 65,326,000 credits... 31. come for the year December) mine. On this trip Was Alvin S. Sund-ber1920, after charges and federal tax, wag 3TEEL TONNAGE DECREASES. Total deposits 3L74o, 216, p00 1919. in 34,186,629 32,294.276, joining engineer. After a prelimiagainst Federal reserve notes In acNEW YORK, April "9. The monthly examination of the property, Mr. nary tual circulation 39.893.964,000 of United Steel States the tonnage report ' CLEARING HOUSE REPORT. Sundberg made the company the following Fedettil reserve bank notes In coriioration. made public today, showed .. .31 997,379.42 report: circulation net liabilities.. 167,152,000 6,284,765 ions of unfilled orders on hand Saturdays clearings . The Free Cotnagoilistrlct was first ex2,654,459 79 Deferred availability Items,. 446108,000 March 31. This is a decrease from un- Same day last year 06 in 12,795.940 the plored AU other liabilities..., early 69e by Howard 63,993,000 filled orders on February 28, which were Weeks clearings ,17,617,505.90 iltansbury of the United States geologiSame week last year 8,938,867 tons. cal on by him as and . ' survey Total liabilities 35,807.795,000 This reduces the total unfilled tonnage Ratio of total reserves to deposit and to the lowest figure since September, 1919, containing numerous evidences of minPOSTAL DEPOSITS GROW. Latyr, or about 1870. Hayden federal reserve note liabilities combined, whpn it was 6.284,638 tons. The recent WASHINGTON. April 9. Deposits In eralisation. 53 ( per cenL reported upon this area In general and maximum unfilled tonnage was 11.118, United States postal savings system confirmed views of the early ex the Ratio of gold reserves to federal re- 468 ta July, 1920, and the highest In the the approximately 3161,150,000 on April serve notes In circulation, after setting history or the company was 12,183,083 sere l,i the postoffice department announced plorer. "On account of reports and- - smelter aside 85 per cent against deposit liabil- tone In April, 1917. today. settlments for ore from a neighboring ities, 64.7 per cent. Phoenix, Arif., with deposits for March I was more or less be. INDEPENDENTS WONT INCREASE. totaling 3158,064. led In the gains for the property, fore my visit and expected toprepared see a propWEEKLY METAL REVIEW, YOUNGSTOWN. Ohio, April 9. Inde- month and jumped from 139th to with indications for future degood A fair demand pendent steel companies of the Youngsrank. Boston came second with erty NEW YORK. April third with 384,491, --velopment. (for .Steel, particularly from automonlie town district today indicated that they 9146.892. New York su rame to fis "It, thprefore. comand construction will not follow the example of the Re- and Globe, Arix., fourth with 321,700. manufacturers me to note the, extent of the Surprise indications haa brought Consumption up tp or public Iron A Steel company, orte of the of work don to prospect amount . and the - panies. cOTTOlf. a little above Torrent light production, largest independents here, in ralslngHthe the propertv. Usuallly. orie expects to and the undertone is steady. A growing price of plate. bars and structural steel Cotton fxtnroe epeeod find the reports of prospects more or lesa NEW YORK, April Oc12.12c; disposition to anticipate a reduction iq 82 a ton. Inly. I must but ll.BOcj colored, barely steady; (lay. say that in the case 12 96c; January, of the L Marie It more than met my prices by leading producers, and uncertober, 12.70c; December, on and ' l 19 ROADS-GEwage reductions, to freight 09c., PAYMENT.-as tainty future possibilities. expectations " May, have tended to disturb confidence, howCottoa futures closed eery steady; "I would suggest that the cave upon WASHINGTON, April 9. A partial 11.75c; July. 12 28c; October, 12 84c; Decem- the property which ever, and there Is a general tendency to to 81,400,000 the explored on the of 8L 19 99c. Minneapolis, 19.1 Sr; Jaauary, t await developments. a prospect shaft from Paul A Sault Ste. Marie railway under ber,Spot cotton, trip beto used as the steady; middling, 11.95c. Pig Iron remains unsettled. At some the guaranty to the south which country develop of 11 the n ef net advance transporCotton closed steady at points demand Is fair enough to sustain tation act wasprovisions and west; also that a tunnel be driven announced today by the to 17 points. ) values, but on the whole business con- treasury. near the common end lines from a J point tinues quiet, with the tone easv, of the Gudgall and Priscilla cia'ms near lOWDOVt MONEY. The treasury also announced a guaranty Copper haa been quiet but firm. the corner common to them and tho shale 150,000 to the Minnesota - - With Ity the last LONDON, sales April 9 Bar ciirrr, 89H4 prr lode No t and extending along the lode export I International a and -company Railway Jlcotint ratum, which 600.000 l crftt; oooec; prr nmry, ggrexattng-20 at that point, running of UM.MM to the. Fort Dodge, Des iihftrt bill. 14 pr rent; ttire uootiif btUa, thence oujerops shipment to France southerly along the fissure. A Railroad company. 316 per cent. 64 demand from that quarter has fallen off llolnes A Southe tunnel driven along this line should In wo general iutrroveineitt - ts WINS AB tor 1 CASE, BILTEE, In demand finished the reported prod Uon of which with tbe main vein there NEW TORS,' April f Br silver, domrette, should be developed gpeeixl te Ties Tribune. ucts, and buyers for domestlo consumpchimMexican dollars, 44c. tion show little disposition to reenter .the WASHINGTON. April 9. The Interstate 90fec; foreign, of ore. neys commerce commission, on complaint of .market except for more urgent need caVe spoken of In Mr. Sqndberg's The Notwithstanding rumors of price shading, the J, G. McDonald Chocolate company report ta a unique formation which for all larger producers are maintaining their of Salt Lake City, today ruled that car- ears puzzled those who knew of Us ex j quotations, and It lx said to be Imuozzlbla I Tha A B C of Business Adding, Bookkeeping and Calculating the three great group of figuring operation that conjtituto the A B C of .buaines. To handle these operation the Burrough Adding Machine Company manufacture three type of machine in a wide varietr of style and site, among which may be found a machine that will fit the need of any badness, large or smalL I Burroughs Adding Machine Co high-grad- lev BURROUGHS ADDING MACHINE CO. Salt Lake City Office: Telephone: ht Walker Bank Bldg. Waeatch MS , . -- Bookkeeping jedding Machines Calculating . Salt-Lak- e Tunnel From al One-ye- ar 4 11 g, -- , ........ ret-orte- ' fifty-eigh- th pay-me- i - gb, n .Wrvyh,e !" . .MD-ONAL- t, and Mr. rlvey will be the speakers,..,, and Tuesday morning and Mr. Gwyan Mr. Garrett will speak at the afterw Boon session. Wednesday morning Mr. Zimmerman of the advertising department and Mr. s , Fifield, salec manager of the western division, will address the convention, ac- Thursday will bo taken np byMr.theHal-;- i . counting department and bystation c ey, manager of tho aerviee partment. A theater party will bo held one evening of the week. . IN CONVENTION de-43- Driven Salesmen of Continental Utah Coal Production for Shale Work of Clearing Mill First Quarter Decline Company to Confer in Wreckage A way Started Annual Meet This Week. Coal production In the state for th flrt,--, a eri4'd three months In 1921 cent in Special to Tii Tribune. cllne, amounting to from 40 per cent In About PARK CITY, April January to more than 6o Pr men are at under the direction March, aa comparer with th Bret thr- Contact, -directors company Installed a small whim at the mouth of the cave, which elands nearly vertical, and descended Into It tor a distance of nearly 250 feet. The walls of th cave ar said to consist of. a and Interesting formation. in several places on the company's estate of approximately 520 acres excellent mineralixation has been opened up on th surface. Although the district is very well mineralized and th geology Is aid to be favorable to the existenoe- of ore deposits, up to the time work was begun by the L ' Marie company no had great amount of exploration wprk lndl been done to prove up tbe surface cations. ........ well-defin- -- i t- eha.-- qi M . twenty-liv- work, of Mill Foreman John A. Tallon, In clearing th wreckage of the recent big mill Are at the Silver King Coalition property. Weather permitting, cement work will be commenced at the upper portion of the mlilslte April 15, and by th time the cement work Is finished at the upper por will be cleared of tion the lower-portithe heavy ruined machinery and Immense amount of twisted Iron and debris, and then everything will be In readiness for the work of construction. V. J. Kubln, for a long time past ma chinlst at the King resigned his position with that company last week, and Wednesday of this week left for Lead, S. I., where he has accepted a more lucrative position with the famous Homestake Mining company of that place. Mr. Kubln 1s an expert In his line of work and a workman whose services are always In demand. -- on Early Gold Discoverer Is on Verge of Death t. The last survivor of the party that made the early In discoveries Boise the basin, which gold developed that section Into one of the In sections the great world Ago, 1s at death s door at North Yakirtia. He hi Mose Splawn, who was wltlv the Grimes party - which first prospected Moore s creek and in whose arms Captain Grimes died, after being struck by an arrow shot By attacking Indians. Grimes pass over th mountains Into the gold, fields still bears his name, in discovery of yellow memory of th fifty-years metal. Operations to Be Resumed by Fields Mutual Mine Co. " POCATELLO, Idaho. April 9. The properties of the Fields Mutual Mining w iir te PWftpftn?' td tmropened soon, according to Al W. Fields and Portland, Ore., president manager of th corqpany. For the past few years the mines have been operated only during th summer, but the development work at this time plans toward a per 4 month of according to estimate mads by th mine Inspection department the state Industrial commission. Th estimates r baaed on th weeklyth operating cortpanle. and. report oftwo o t thr companies failed to although were the imaller the report regularly, estimate can be eonsid-"- the and firms, ered reliable, in th opinion of th depart 1 ment heads. Th tonnage of production h tor th first three month In 1921 ar: , , manager. 356,200; February. 822,888; March, January, The convention delegates are: 284 678. Th production for th first thre ? H. T. Cleaver, vice president, frota months In 1920 wee: January, 669,663; I i, o Denver, who was formerly division man- February, 615.214; March, 627,606. t S. E. the Balt Lake of division; ager Redaction Substantial Karetedt, general manager; Q, F. Smith, secretary and treasurer; C. W. Granted Pioche Shippers Fifield, sales manager of the western department; J. M. Hollister, sales manPIOCHE, New., April t. Owing to tha" ager of the eastern department; E. C. sustained efforts of th Pioch Commerdecial club. I resident Scott today received , Halsey, manager service station has that a substantial reduction partment, and F. D. Zimmerman, adver- notice Pioch shipper on ore of . tising manager, from the general office been granted - ... higher grade. in Denver, Colo. E. IL Snyder, chairman of the club com- - n , Others who will attend are as fol- mittee which has been working on this lows: F. W. Sullivan. A. H. Pritchard Important matter. Is entitled to the great-e- st and E. F. H alloc k, lubricating specialcredit In securing the following which become effect reduction ists from the Vacuum Oil company, will exNew York; O. R. Gwynn. head of the live May 20. Thl 15arrangement unless an extension on November automotive department or the general pire seems probable! office in Denver; M. F. Bennett and is granted, which Rais H. J. Falve.y, representatives' of the Present rata Valuation. Gilbert & Barker Manufacturing com14 25. to 315 . pany; E. M. Garrett, lubricating engi- 310 6 50 ... 315 to 320 W.' salesH. neer; Foley, lubricating 7 00 825 to 820 man; A. K. Smith, F. 3. Walsh and R. 25 to 330 7.00 T. Adams, salesmen of Salt Lake, and the following district superintendents; SAT rt William Bills. Boise, Idaho; - F. E. KAOS AS CITY, lfa. April 9. Hr, A. Krioksen, Weiser, Idaho; F. Webb, cbmi. Twin Falls, Idaho: W. L Felt, ShoPOTATOES. shone, Idaho; A. G. Arentz. Pocatello, CHICAGO, April 9 Pot.teea stesdyi Idaho; E. W. Wayman, Idaho Falls, rare: sortliem whites, MckeO. Idaho; R. 8. Jones, Rexburg, Idaho; C, 90ft 95e rwt ! aew rioriUa Spsaldln rose hoi L. Jones, Logan; J. F, Campbell. Og- 1, 96.504(9 00 a barrel. t; den; H. L, Van Quill, Milford; C. H. 19-- 0, of ? . , -- w 7 -- Special to Th Tribune. ROISI9, Idaho. April Special tu "Th. TribunV. The opening session of the annual alaesmen a convention of the Continental Oil company, to be held thia week, will convene at the division office. West Second gbuth street, at 9 oclock tomorrow morning, - according to am nouncement by J, T. Strong, division nt t, fifty-seve- n noun asp bkas. Ithltay-mstrii-t Ellison, Price, and H. field. J. Sparely, Rich's program calls for illustrat- kflNNEAPOl.ish April 9. Bran, 81T.0P1S 00. Flour, aarkaufed. J CHICAGO PHODUCE, . Mdnday 9 Butter, nsrlutired; t,4:'eJ ed lectures on oil manufacture and dis- 'CHICAGO. April22.537 14 24 ; kt rases; tie firsts, receipts, tribution bv Mr. 8ullivan,- Mr. Iritch- - higher: At mark, cam ordinary firata, - I. |