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Show , ' i fi THE SALT LAKE Armstrong, vice president; Q. A. Marr, Frank B. Coo and Charles 3. Burton, additional directors. The other Incorporators of this coqipany and are Frank Pingree, K. A. Culbertson John C. Cutler. Each of the incorporators in each company holds $1000 in stock. ' secretary-treasure- Mellon Predicts Better Credits 0 . i "" " Special to The Tribune. d. ; . May Gooding of Idaho and Reserve Agent- - Reports on Washington, Stanfield of Oregon conferred today Secretary of the Treaeury MelConditions of the Lo-- with ton en the Stanfield bill "for the re lief of the livestock Industry, and alee cal National Institutions. to discus the banking situation -- , throughout the wept. The senators found the secretary surprisingly well Informed en financial conditions In the west, and very much In earnest In hit desire to do something that will . be helpful. The secretary said he had not had opportunity to study the Stanfield bill, but he was In sympathy with tta general purpose, and asaured the senator! that a more liberal policy regarding credits I to be adopted. He said It was unfortunate that the federal reserve board had undertaken to force liquidations: that That move by the board had had a disastrous effect. Later Senators Gooding and Stanfield attended a conference of western and southern senators who have organized to work eut aome legislative program that will bring quick governmental re. hef 90 the livestock and agrloultural , Industry. Loans and Deposits Show Rediscounts Decrease; Credited With Increase. The statement followln$compfrraUve of the principal resources and liability Items of all national banks as of April 23t 1921, in Salt Lake, is released for publication today by John --Perrin, chairman of ths board and f.ederal reserve agent of the Federal Reserve bank of San Francisco LIABILITIES. Feb 21, Apr US, Mar 1921. . Capital INSPECTS PACKING PLANTS. SIOUX CITY, Iowa, May 26. Former United States (Senator George W. Sutherland of Utah, Colonel H. W. Anderson of Richmond, Va., District of Columbia supreme court trustees of the Armeur and fcwift interests in stockyards throughout the country and !H, J. Galloway, special assistant to Attorney General Daugherty, Inspected the stockyards Here today. , This afternoon members of the livestock exchangig. shippers and others Inin the disposition of the Armour terested serving Idaho, for several years ending and 8wlft holdings In Bioux City yards with 1917 was $28,060,000; in 1918 it was will meet with the trustees, who will dein 1919. 946.000,000, 943.000.000. and In In spite of these ab- part for Omaha tonight. 1920, $36,000,000. normal net earnings he says rates on These roads were advanced 35 per cent, FACTORY PRODUCTION GAINS. to the detriment of shippers of his and WASHINGTON. May 26. With an Inadjoining states crease of only 5 per cent in the number . in opof manufacturing establishments RESERVE BANK STATEMENT. eration, American industrial products in1914 and 28 150 recreased cent between Combined WASHINGTON, May per sources and liabilities of the twelve fed1918, the census bureau today announced. reeral reserve banka at the close of business In 1919, with 298,275 establishment May 26 were reported tonight by the fed- ported,. the value of products was $61,- -of $.4,246.eral reserve board In thousands of dollars 558.905.000 against a value as follows. 435.000 produced by 275,791 establishments RESOURCES. in 1914. Gold and gold certificates, $279,261. Gold settlement fund federal reserve CLEARING HOUSE REPORT. board, $474,952, Thursday's clearings, $1,754 031 84. Total gold held by banks. $754,213. . Same day last year, $2,595,099.56. Gold with federal reserve agents, $!,. 505,229. MONTANA GROWERS GET HELP. Gold redemption fund, $133,605. Total gold reserves, $3 392,947. MINNEAPOLIS. Minn., May 26. NeLegal tender notes, silver, etc., $165,285. gotiations for extension of $1,000,000 in Total reserves, $2,558,232. to sheep ranchers of Montana to credit ' Bills discounted secured by United curry this year's wool clip of that state States government obligations, $793,951. have been completed with bankers of All other, $1,078,635. Minneapolis and Rt. Paul, It was anBills bought in open market. $87,138. nounced tonight The arrangements were Total bills on hand, $1,957,394. made by T. A. Marlow of Helena, chair-ma- n U. S. government bonds, $25,574. of the board of directors of the ' U. S. Victory notes, $23. Minneapolis federal reserve bank's branch One-yeU. 8. certificates of indebtedness. at Helena. certificates (Pittman act), $233,375. Mr. Marlow said the loans would preAll other, $46,754. vent flooding of the market Immediately Total earning assets, $2,263,120. after the clip and enable the ranchers Bank premises, $23,396. to hold their product for a stabilized ' Five per cent redemption fund against market. federal reserve bank notes, $11,174. e Uncollected Items, $510,175. PLAN COOPERATIVE MARKETS. All other resources $13 663. CHICAGO, May 26. Establishment of Total resources, $5,379.7S0. LI ABILITIES. cooperative livestock commission marowned and controlled by livestock kets in. $102,173. paid - Capital producers at leading markets was recSurplus, $202,036. ommended today by a subcommittee of Reserved for government franchise tax, the farmers livestock marketing com$35,271. of mittee fifteen. DEPOSITS. The committee of fifteen also InstructGovernment. $17,323. Member bank reserve account, $1,655,609, ed its legislative subcommittee to cooperWith the secretary of agriculture to ate All other, $33,032. obtain regulation df the packing Indus' Total deposits, $1,705,956. Federal reserve notes in actual circu- try, and requested the American Farm Bureau federation to seek a reduction in i lation. livestock freight rates. reserve bank notes In elrcula-tifnet liabilities, $144,834. Deferred availability items, $424,929. All other liabilities, $29 757. j Oil Permits j Total liabilllies, $5,379,760. Ratio of total reserves to deposit and federal reserve note liabilities combined, Special to The Tribune. 57 6 per cent. WASHINGTON, Mav 26 Oil prospectRatio of gold reserves to federal repermits were Issued today as follows: serve botes In circulation after, setting ingSalt William Spry, 2560 aside 35 per cent against deposit liabili- acres, Lake district township 23 south, range 10 east. ties, $1.1 Pf cent. Douglas, Wyo, district C. L Holden, 2338 acres, township 35 north, range 82 RAILS AND INDUSTRIALS. west (As reported by J. A. Hogle and Co.) Lander district Clyde H. Brown, et al, Twenty Industrials. 74 26, off1 .17. 2560 acres, township 47 north, range 100 Twenty railroads, 71 45; off 19. west. Union Carbide declared quarterly divNewcastle district Joseph Saul, $0 idend of $1 per share. township 43 north, range 62 west. Regular dividend declared on General acres, Evanston district K. H. Utter, 2539 Electric. township 24 north, range 100 west; United States Realty earned $15.39 last acres, Green- - 920 seres, township Herman H year. north, range 112 west; Lionel H. Gray, Chandler Motor dividend likely to be -cut- 28 2607 acres, tewnsMp 26 north, range 114 to $6. west. Interbore deficit for ten months, Buffalo district Richard P. Camden, 1910 acres, township 44 north, range 92 Pennsylvania Railroad April net re2406 acres, G. east; Culbertson, Roger In against $3,032,000 ceipts, $3,774,000, 67 west; Charles A, March and a $9,000,000 deficit in April, township 48 north. 960 Achenhauser, acres, township 48 1920. Railroad declared north, range 91 west. Colorado A Southern Tegular semiannual- dividend of $ per cent 30 on first preferred, payable June stock " record June 18. Mexican Petroleum declared regular dividend of $ per cent on common, payable July 11 to stock of record June 15 and 2 per cent on preferred, payable July L stock record June 15. Pan American declared regular quarcomterly dividend of S per cent, $l.60-omon. both "A" and "B," payable July 11, atock of record Jun 15. Baltimore and Ohio April gross, omitted); (009 SurpitM- - Profits and accounts Puev banka .. 1563 reserve lit u........ . U. 8. i)rp4wit-Irma- Dd. fit 12 982 4.974 I 407 4,306 21 12.4" 6,036 m The Greenwood Ranch company of Park City filed its articles of Incorporation with H. E. Crockett, aecretary of etate, yesterday, showing an authorized capital slot k of $24,009 In $1 shares. C. B. Greenwood, president; YW 8. Greenwood, vice president, and B. M. Greenwood, secretary and treasurer, make up the board of directors, . v , BURLINGTON DIVIDEND INCREASED. NEW YORK, Ma) 26 The Chicago, Burlington & iQuiwy railroad today declared a 5 per cent dividend payable June 25, an increase of 1 per cent ever the prevailing semiannual rate. In announcing the Increased dividend,. Hale Holden, president of the road, stated that there was no assurance that the new rate would be permanent, although a permanent 10 pet cent annual rate was contemplated. Although none of the directors would comment on the report, it was understood in financial circles that the Northern Pacific and Greet Northern Yallrodds, 4k owners of the Chicago, (Burlington Quincy, favored dividends increased sufficiently to balance interest charges on a new 6 Iff per cent bond issue. The outstanding capital of the Chicago, Burlington & Quincy amounts to approximately $170,090,000. ' c r; -- for Agriculture COMPILED DATA ill tiTRIBllNE, FRIDAY TiUf i 1021 2.600 XM5 610 5.501 42 16.104 6.852 - Decreases Shown. ar The above report, which show, only the condition of the national banka on the dates indicated, Ja notable for the decrease iR both loans and deposits, the Increase on rediscounts and the decrease In bills payable to the federal reserve system. , These major chan.es show deposits have dropped $522,000, an amount not at first of the declines all surprising ftof-UeW, - so in the price, many commodities, sums for transsmaller thu, involving actions of-- equal volume a year ago; and secondly In view of the slower general tone of business. Rediscounts Increased. Rediscounts have Increased by $521,000, to the reserve bank and loans and discity a national banks Circulation decreased 1120,000. The changes noted are those between the two most recent occurring -- calls. February 21, 1921, vend April, 28. but bills pavable- decreased- $375, 000, counts held by the decreased 1383,000. - -- A" IhcreaW. $726,682.' $10.-00- T'. 191 tf yprpovm. t' Scotchman The - canny learned as a youth to his meager resources. is lesson which peothis It ple today must learn- - W may not all become but we can reach a of life independence by TODAY Car-negie- s, WiseWives We invite you to start the saving habit in. this .bank. $1 will start an account. -- - iA, Scandinavians to Meet in Jubilee at Manti PRODUCTION DOIK1SUIHJ BY SAHCWS KATEM-tAM- CEVENE TROUPE Special to The Tribune MANTI. May 26. Plans are being formulated for a Scandinavian Jubilee, 10 be held at Manti. June 11 and 12. One will of the chief eventa of the occasion unveiling of the P. O." Hansen monument F. W. Peterson has organised a Scandinavian choir, which, under ths leadership of Eraatus Peterson, has been rehearsing for the last three weeks. The Ephraim choir will do the singing for one of the meetings. The following committees have been orExecutive, Simon Christensen, ganised; secrechairman; Emil Chrlstofferson. Bishop J. B. tary; Bishop N. R. Peterson, C. A. Anderaon, Jacobsen, Jacob Flkstad, C. F. Carlson and Valdermar Peterson; R. publicity, Simon Christensen, JohndecoNielson, Jr., and B. Chrlstofferson; M. Anderration. Alma Peterson, James son, Mrs. Jacob Flkstad and Mrs. Christian Nielson; reception. Jens Mk'kelson, Mr. and Mrs. 8. R. Nielson. Mr. and Mrs. S. P. Nielson, Mr. and Mrs. Julius Jenson, Peter H. Mad Beg And Otto Nielson. iirfs' JUJU MYERS, BURNS MIRACLE RAIL WORKERS ON STRIKE. CAIRO, Egypt, May 6. Arsenal work' of railway shops here employee have struck and a general railway walkout la threatened. Field Marshal Viscount Allenby, British high commissioner In Kgvpt, Issued a statement today, referring to the recent disorders in which he says he Is loath to Intervene In party politics, hut that in the Iafet resort the responsibility for law and order devolves upon him. BUSTER era and LoetfsState QUILLAN AND PALS . NOW KING HAS CLOSE CALL. SOFIA, Bulgaria, May King Boris, In the balcony of the royal palIn close proximity to the bombace, throwing Incident which caused eighteen casualties during the national holiday parade yesterday. A number of Communist leaders have been arrested on suspicion of complicity in the outrage. Borne of the school boys who were severely wounded are expected to die. standing was sr Evenings $6o Matinees (except Sunday) Children 10a WHY PAY MOREt COe or MARYLAND ALL-STA- CAST, R of Bupar- - Matter Horn INCLUDING CRANE WILBUR TODAY A SMALL Arrow COLLAR FOR YOUNG MEN Ourtuftjbody Sr Calnclioy.NY . HOLE ' KINETO REVIEW "Boy Scout Deieg-- ,) of America," America' tion to th International "Jan- at London. bora" IN THE Stow and Part Motion Picture hewing BABE RUTH AT THE BATT Shot from hit many famous game YEAR Coming THE -- Next tunday KY PILOT" -- tojftGErv;: Hattit SyOtm The Aaduttoifc Th ti z L U 4pa 1 AatnnW Ns Yeti Ths Artauds AtUnasCisr ThS AlSsseJrto fePEOAL SUMMER RATES NOW LssAs last IN EFFECT AT LOS ANGELES sss tosmi; ealy aa asisnnss W sissss Csslsd by ssdisst with eil anida teeasa sh eddsd Asa SSSsSsj aisnsl etya OF THE NORTH WOLVES si Isms ThsAiatosnJkf, emsninasty-ee- n ystfc la thsksanWdttiMt tftlsMtt dsolct, is da cstasr fas naaf-dn-s tad tssUI Us, Ths Amkwndm lf shfc, sssaus s ft lido tad sysits sssA ' A atSry of tovfo Intrigue !h th fattnetie of the great whit wlldorneta tl iuuunt Lcrtt today In UM 1 Time EVA NOVAK Qhe Ambassador J ftts sit nssa fteft ZW; widi hssh, $4 a day; doits imsft $6 a dsn anls Iruas Aoaso $ts -- $$ a day sdifaisnsl yti ymtp. JPmsJtoi TARTING TOMORROW HARRY CAREY In THE WALLOP" LAST TIMES GEM ThYhatr J2J) TODAY Butlful" Something to talk about Something to think about SPECIAL MOVING PICTURES IB South State Street . Today and All Week BEGINNING) 3 P. M. AND $ P. M. AUTOMOBILES are produced and sea hoar STUDEBAKEB from raw material to finished product in the new 20 million dollar factories, most modern in the world, instructive and educational, DONT FORGET THE PLACE 8 SOUTH STATE STREET OUR SHOWROOMS Come SALT LAKE TnEATDE Monday, l.'.ai $0 MATINEE WEDNESDAY CHARLES FROHMAN PretenU nUIll lit 4. m. ' Distributors for 3tudeb&ker Automobile. Salt Lake City, Utah. CIIATTERTOri Earrie's best Flay JMARY ROSE 118-11- & L. O. NAYLOR COMPANY T..W, - A 4 Whitcomb Riley's Frem Jam . Immortal Poem. YOU EVERY DAY I RAT THE OLD SW1MM1N WITH 6? I lf - TANBY Plcturai. LAST TIME AND TOMORROW CHS WEDNESDAY TO SUNDAY, iNCe Ho to $1. THURSDAY TO SUNDAY, INC. 16e to 60e. South State Street. 1 VAUDEVILLE THE HEART FREE 116-1- 8 PLAYING ntf IN By EDWARD HAROLD CONWAY PATHE NEWS OF THE DAY 1 i ' u, 11 . MADE IN HEAVEN CATHERINE CALVERT THE BEAUTIFUL LADY at our store, to TOM MOORE NORVELLES 26. t Continuous THE . la ARBUCKLB PATTY THE TRAVELING SALESMAN' RAY & FOX MISS LOLYA ADLER & CO. re ow Also the lest and best of the Wild Man of Africa' ' picture THE PYGMIES Showing th llttl black dwrf$ tu their native jungle homes. COMING NEXT WEEK THE FOUR GOS8PIS DUNHAM A WILLIAMS LARRY COMER PROSPER A MARET ELBINI A NAGLE DELM0NTECAFE retary of Interior Fall and Indian Com325 South Main Street missioner Burke, orders were Issued cutfeo for making grazing leases on ting thereservations 65c , Table dHote Dinner, from 15 to $L The Ihdian 5 to 8 p. m. senator said the Indian bureau In recent had been cutting up grazing areas years Into small units, and charging a fee of Clam Bouillon $5 for drawing each lease, even for forty-acleases. . , He cited one Instance where a single Deviled Lobster, Imperial Sticks stockman on the Port Mali reservation was paying 127,009 for grazing privileges Roast. Baby Chicken, Oyster Dressing this year, and of this, $3919 represented fees going Into the federal treasury. The Roast Leg of Veal, Jelly senator insisted the livestock Industry ft Baked Virginia Ham, Yorkshire Sauce In no condition to stand tills burdenPork Chops Breaded, Apple Sauce some tax. and this point was accepted by the officials and the fee cut. Under Grilled Chicken Halibut, Lemon- - Butter aome be fee must charged existing law for drawing these leases. ' Creamed Hominy Senator Gooding of Idaho Is gathering Scalloped Potatoes data jo take before the Interstate commerce committee In support of an arguPies Apple, Blackberry, Lemon ment he Intend making In favor of lowVanilla Ice Cream and Cake ering rates on westernof railroads. He to.. Prune Whip figures showing got possession day the averse net annrtet earnings of that anurTT3 tRrtrmgrTacifig' amr ok gonshom,Tn?,' - ANDOBRIEN- "King Solomon, Jr" a Farcical Comedy of 1969, with Ruth Warren, Helen Goodhue and Grace Whits. TOPICS EVENINGS MATINEE A tale of two wire thought they knew' .thing that they didnt. A tale of two husband who didnt know thing that they should. who LAST SHOW OF THE SEASON FRANKLIN ARDELL 0. Xv To o -- SAVING CONSISTENT NOW PLAYING In TOMORROW ecm-aer- ve TV 00 A " "N T Awimier I i - Wasnt Made Net operating lncqme, $2,3317,998; increase, $2,277,694. Boston and Albany declared quarterly Special to The Tribaae. dividend of $2 50, payable June 30, stock WASHINGTON. D. C.. May M United record May 21; previously $2 was paid Htate Senator W, H. King today intro-- -l Pcr uimrcer. bill to Unable settlers pn governduced March Consolidated 31, 1921. Copper Ray ment reclamation projects, whose water quarter net operating loss before depreto avail are net for, yet fully paid rights ciation' $181,296, against loss of $60,731 themselves of the provisions of ths fedquarter.., eral farm loan act, notwithstanding the preceding Southern Pacific April gross receipts, government's lien on their tolands , $31,129,044; Increase, $4 5 22,614; net opbill that Introduced a repeal He also Income, $1,836,256; increase, erating tax law Income federal of the portion under which Innumerable citizens are Hable to punishment foi having made inNEW INCORPORATIONS. come tax returns not strictly in accord Articles of Incorporation were filed yesWith federal statue. Collector D. C. Dunthat terday by the Assets Realization combar of Salt Lake wrote the senator Innumerable people are liable to penalty pany, and the Securities Realization comfor errors for returns, most pf which Are pany, each with a capital stock of The purposes set forth In the articles of little consequence, unless this provision permit both corporations to deal in stocks of the law is repealed. , Senator King is preparing a speech and securities, make loans' and transact Which he will deliver In the senate In other business. f L. II. Farnsworth Is president of the Opposition to the sales tax, bow being considered by the finance committee. first named companv, Charles 8. Burton, Two years ago Senator King advocated Vice president, ami G A. Marr, secretary-treasure- r, with Frank B. Cook and W. W. a sales taw as a war measure, but has directors. The changed his view of the proposition, end Armstrong as additional are E. A. Culbertson, will declare such a tax would be unduly other incorporators n M'rhel-eand John C. Cutler. burdensome on the poor and would too F. M. R. O. Howard is president of the generally exempt wealth. Realization company, W. W. GRAZING FEES REDUCED, special to TM Tribune. . As the D. C , May WASHINGTON. result of a personal and vigorous protest made today by Senator Gooding to Sec- d. MORNING, MAY 27, 1921. a KINO WOULD HELP SETTLERS. K f f l I Prospecting PROTEST RATE PROPOSALS. The following telegram was sent yessecretary of terday by W. S. McCarthy,association to the Intermediate Rato George B. MeOinty, secretary Inof the Inprotest termediate Rate agvvintlon, against the proposals of western carriers to decrease the transcontinental rates while maintaining present rates to Intermediate points: Associated Press dispatches report filapplication by trana--' ing with commission continental carriers for material reducon numerous articles, inin rates tions cluding canned goods. Iron, cotton goods, cordage, soap, paints, sewing machines, eastern defined terrietc., moving fromcoast terminals, while to Pacific - tory maintaining very much higher rate - at directly intermediate points, which applies tlon If granted would authorise departure from the provisions of the, fourth section of the Interstate commerce act. The Intermediate Rate association, from shipping interests representing Montana, Idaho, Washington, Nevada, Arizona and Utahr hereby makes formal approtest against the granting of said thereon. plication and asks for hearing The Intermediate territory has already of money in an expended enormous sums and pub-l- lo effort to protect the commercial this matInterests In connection with further of end heavy the because ter,, would expense which hearing in the east bearnow entail, respectfully urges that Salt application be held 'in locaing on this account of Its central Rake City, In IntermountaJn the territory. - f- '" tion -www V ' f $2,734,804.-Federa- 1921. A Carnegie Over-Nigh- ,? V ) urreundsd fey positively th lam superb east seen during th entire season' ran It th Nw York Empty theater. PRICES-E- v., $2.00, $1.S0, $2.60, $1.00, toe. Mtt $2. gt.se, $1, 76a, 90c. SEATS NOW READY BROADWAY! AND 8ATURDAY Doer span It a. m. TODAY Big double warth-wh- ll big autda fell) picture FOOLS GOLD And th supreme melodrama SON OF TARZAN" Juat cheek full of thrill, romance animal and by a Superb Cttt, including All-St- . BREAM tR, ROSEMARY THEBY, CONRAD NAGEL arte SYLVIA MITCHELL LEWIS In Unseen Forces Protected wild - BOSERTCAIN CHrlitl Comedy SCRAPPILY MARRIED" CHESTER OUTING Coming tomorrow GEORGE BEBAN In ONE MAN IN A MILLION 2L r ii |