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Show I THE SALT LAKE 'TRIBUNE, THURSDAY MORNING, NOVEMBER 3, 1921 6 Outlook for Mining Indus- try Slowly Improving, 'Says Powder , Official. tmprovement In th condition of the al-- 1 mining Industry should be steady, J H. Dr. to according slow, twush Stander, In charge of the technical scrvice division and of the liquid products of the naval stores department of the As Hr Hercules Powder company. M Stander, who Is spending a few days In Lake visiting the local branch of- flee of the Hercules company, since leav-- f ing headquarters at Wilmington, De'a "ware, has visited nearly all of the chief mining districts of the United States and will visit, before he completes his trip, an of the Important districts In Canada "and Mexico, he has had a remarkable opportunity to obsere conditions pertain. lag to the mineral industry Copper operators, according to the statement of 90 per cent of those inter-.viewed, are of the opinion, says Hr. . Stander. that It will be spring hefore re- -' Then (' sumption of activity will begin. operations will be begun on a limited ecale rredlctione of the length of time wiHeh will elapse before- copper mines will be operating at or near capacity vary from two to four years, according U9 Dr, Stander. M The Cobalt, Canada, silver properties qtre operating on a 20 per cent baats, he aavs. The low price of foreign sliver te responsible for the lethargy In the t'obalt district Most of the Cobalt operators declare that the minimum price at which silver can be marketed at profit with the cost of production la 75 cents per present save Dr. Stander. Operations beounce, ing carried on now In the Cobalt mines, for the most part, Is In the nature of deto keep the velopment work necessary from ruinous and equipment , properties deterioration. of Range of Trading and Steadiness of Expensive Issues Noted Broadening - 6 1 2 I S - , r Z ' The slight Improvement In the tone of stocke active on the Salt Lake Stock and Mining exchange, which began with trading at the opening of this week, persist-e- d yesterday and as a result several made fair gains Several stocks, including Sliver King Coalition, Alta Tunnel and Leonora, although their activity did not net any sensational gains, showed encouraging steadiness. Out of respect for William Hatfield, who died Monday night and whose funeral will be hed at the Masonic temple at 10 30 this morning, but one session will bs held today, at 1 oclock p. m., instead of at 10 o clock, aa is customary. Bingham Galena, with a totaf of 94uu shares, dropped off froman opening at to a close of Tar Baby, with d a total of I0U0 shares sold, was the most active issue. Prices of this stock also softened under selling pressure with the result that a decline of point to a close of So was reg-v istered While Tlntic issues were more actlv than they have been, selling in the Altas predominated. Crown Point traded at So, 'intlo Standard held at 1.0O and Lett' rown Point at 2c. 7c. 9c eec-on- one-ha- lf New Field Entered. Recently, by the acquisition of the terests of the Yaryan Rosin and large pentine company, which owned . Plants and acreages of stump and timber land In Mississippi and Oeorgla. the Her cities Powder company has entered a new m acoordtng to Dr. sphere of activity, f4 - Stander Naval stores, Including pitch, W turpentine, pine oil and other products, ir5 are now manufactured by the Hercules v Powder company and furnished directly 4 to the consumer. In conjunction with fcl other turpentine products, the Hercules company is producing enormous amounts of pine oil. Although this product has many Important uaes In modern industhe greatest value of pine try, laperhaps as a frothing agent In flotation, - In the past few yeara. the method ot -a securing turpentine has been greatly .proved. Formerly, trees were tapped for sap which oonlalned the hJhe this method great loss was entailed. By Timber was made unfit for logging purposes and, furthermore, the liquid thus secured carried a low percentage of oleo- , resin, from which the turpentine product ( are manufactured. i At present the Hercules Powder com- -i pany uses only stumps for the manufac- ture of turpentine, says Dr. Stander. hate proved that etumpa from eight to ten years old carry the highest The percentage of An Ur, Powder company, according no uses stumps younger than C Rtanilcr, four yeara f Treatment Described. In- b-- -- c- Im-C- n is extracted. .The Hrunswtck, Georgia, plant has a 70 of tons dally. At first capacity thought, this capacity does not appear large, explained Hr. Stander yesterday However, when It Is known that It takas to keep sixty box cars of stumps dally at capacity, a more ac- -- this plant running curate idea of the else of the mill can be obtained, according to Dr Stander. a The pine stumps are put through oleo-resl- ... V process of shrouding, by which the wood fe reduced to small chips. Next, the 8 shredded material Is put Into extractors. where, by the uses of steam and dls- -. Is recovered tt cals, the t filiation the turpentine and otherByprod-- ! ucts are then obtained. i After his visit to Utah mining districts, iDr Stander will leave on a trip which will take him to Butte, Mont, the Coeur d Alene and British Columbia, where he will visit the branch offices of the company and the prlnolpal mining districts. " DEV T08K LISTED STOCKS. Reported by J. A Hgle 4 C ) High Low (Cine. Sft 33 334 .... . ... Hlif Pailtera .... it err de Prd . ... ihalroer Arner A gel them Amer hi el ray A hea A Ohio ,w. hll Copper GW By pfd Aon Textile (iwd-- b h Rubber ... .. Hupp Motor Oil AIo Rue Nv rid . . . . 12 .... ... .... ... 'Pacific 1)U Pierce Arrow Pierce Oil . preed ftenboard . 16 43 82 . . UmiIi Hteel ar 4 pfd . .. So By pfd SO N J pfd . . Pul Te Guf I 8 Smelt com fd I nnn OH 1M .. ., ... .. ... .. bemirni Vahab pfd esters i ac A 44 IV! IlSIH 1ft3 T 82 fth V. 30 39 224j 214 . 24 20 204'. . 2H ... 20 OPENING SALEH. Albion, 15(V at HC. Alia Tunnel. 10U0 at 12C. 1000 ht 6c. Bingham Galena 8000 at ( rown Point. 1000 at 8c. East Crown Point, 1(M at 2c. Tlntie Cos lit ton, 2000 at He. Howell, IftOO at Uhl Tintie SOOO at 2c. Ioaora, 8000 at 2c. New guincy, luoo at irisce. Dm) at 7c 200 Hiker King CasiIuoa, 800 at 2 074, loO at 92 10 Hiker King Cosseildatsd, 100 at 64c; 100 66c, 100 at 63c 1 ar Babe looO at 8Hc; 8000 at Tintie ( entfal. 2000 at lc. 8000 at Toledo. Welt CLOSING BALES. Alta Tunnel, 4000 at 28c. Rincham Galena, 2000 at er 40 Oat 1000 at 1000 at He; Hh)0 at ( Pw0 point, ft oo at Sc; 67ft at 2VC, BaetGrswa Feist, t000 at 2u, Unwell ftoO at Kt CtfBB Reported by I A Trunk Grand nonk Great Noc No O Pie ( Pena L 4 7 T le 4 19M i9o Or No BAB 8ILTEB. NBW TORE, Nov. 2 Foreign bar Mexican dollar, 44e. 1832 1085 ellver. POTATOES. Potatora dull, rerelpte 79 CH1CAOO, Nov 9 rare; total taltad State. oUlpmrata, 871; Min necota and Wtacoaala round while, earked aid bulk, $1 70481 80 rat; MtaneeoU and North Da- - would not hesitate to invest in our 7 per Real Estate' Mortgages if you fully appreciated the care with which they are selected for your approval. You can rest assured that before our Okeh is placed on a mortgage proposal, extreme care has been taken to investigate the property involved. YOU are confident that our offerings will meet all your requirement. Let us discus them with you and give yon a copy of our complete listing. W .. 198 105 99 85 155 70 7 91 M 78 74 82 . 191 .... IPLA4SL4 ..... tt LPmc4 1eoevr n 1854 ti looo .... ... ft So do 4 1029 do ref 4 1955 o Pro S Torn do 1050 1947 U P lit 4 do eonv 4 192T do ref 4 2008 Wet Pro 5 IMS ..... .. ETAF0RATED 88 77 79 . Mortgages 38 West Second iSouth Street Grand Trunk 4s, 1955. at 55 Grand Trunk 2. .1962. at 65 Joint Stock Land Bank Penn. R. R. Equip. 6s, 1925-2- 6, 1951, at 2e. 92 Consolidated Wagon com. at 55 & Machine. Co. IHVK$TMENT-KCUptTl-Eg 169 Mai n 8t. Kelt Lake City, Utah' tf. i. 63c, Attractive 00VERNNEJTT N0VD8. A Ilogls A Cn. Aked Bid . Lilierty 84 do let 4 . . do 2nd 4 , applet peache inactive. Prices of all bonds are rising rapidly. The era of large yields from sound municipal bonds is surely passing. high-grad- e Your money invested in municipal bonds now will earn an Income at present rates for a number of years. Bend for our booklet showing why municipal bonds are a safe longterm investment, free from Federal income and aurtaxes. Walker Bank Bldg. Wasatch 6888 6 do 2nd 4 4 do 3rd 4 4s do 4th 44 Victory do , . 4S NEW regular. 102. . . 24 42l 261 601 6f 92; 4 cables, 404; 99 64 demand. 13 Denmark, demand, 4; Our enlarged plant will have a capacity of $12,000,000 orth of steel a year. Our mar-ke- t protected by freighLJRtsJdVintages and low manufacturing costs are assured by the presence of raw materials at our very . doors. .Have youof this fundamental industry! possibilities of vestigated the money-makinnot fill this enterprise! this If in coupon and mail to us today for detailed information of our "am Address plans. This list will be sent on request for SL-42- 86, Utah Steel Corporation The Rational City Company fNswYbrk alt Lake City Deseret Benk Bldg. Telephone Wasatch (180 68 Rweden, demand, 18 Sft HwttaerlaSd, 6; trail.. Last years sales of finished steel and waste metal exceeded 13,000,0001 Are you going to be one to share in thg profits - List , price. Belgian, demand, 18 60 Spain, dgmaad 13 40 Greece, demand, 4 60 Arsentln. demand, 82 80 ; BrastI, demand, 11 00. iloatml, W4. Call money easier, high, lew, ruling November fers a wide tenge of bonds and short term notes yielding attractive incomes at present 08; TTenbtrrdlaibd, I2rrc7eB'T73, cable 62, Holland, demand, 84 06; cables, 14, Norway ll 85 pH Our 98.40 98 12 95 46 93 32 99 64 MONEY AND EXCHANGE. YORK, Nor 2 Foreign exchange IrGreat Britain, demand, 8 cables, France, demand, 136, cables, 7 Italy, detnind 114, JWM -- This Is Your Opportunity Incomes . 62 $ 02 66 (Mi 93 04 04 93 06 92 93 93 93 93 95 98 99 99 it 4s 4 dra,aS37 Ecclea Bldg. Ogden, Utah at (Aa Reported by 1 8s Hogle & Co. at New Quincy. 4000 at 74c North Standard, 4mj0 at 24f. Hiker King ( ousolidated, 100 Tar Baby, 4000 at 8c. Tlutlc Standard. 100 at $1 90. 101 , ( 5 per cent Morgan Canning Co. 9 per cent pfd. stock at 102 q m i. C. Penney 2 pen cent pfd. stock at 6C. 4000 kltchigsnCiaN 8c; 7c. Tc; to yield - The purchater of 8 per cent preferred stock is certain that he 'will receive a remunerative return on hi investment.. He knows that the profit earning possibilities of the common stoek which Tie receives as a bonus are limited only by the. capacity of our mill to meet the demands of Otfr logical market 'TErpionierinf''in "T7t Ah 'I Itecrindusf rjf'Baa" already been done the six yeara of success to the credit of our Midvale mills blazed the n.4'ii'iii;a;.:ili!ir,ri.i.i.: JNOaSJtJIDVAlt 02 U. 0tK.T n AAIC 83 ,89 78 FRUITS. assurance of success in the steel industry of Utah. The public offer of shares in the Utah Steel Corporation presents opportunity for sound investment and attrac- tive speculation. 6e. 84 75 Investment Yields Are Becoming Lower 411-1- ;l!uPlM,lTrJI'lll!lHlPR.in;iiiiniiniiuiiint:in-i Officii SOaToeeuikOINO.iAlTlAU ClTV trri Offices MArtli,foaiUH4, bOlMClUl, MftfZANCItCO H M . Bond ? Mortage Co A at 99 85 155 71 76 PALMER &Sons Ed'DSnufh lit vestm ents Insurance Retf Estate T"1 HERE is certainty of profit at 55 105 11 ETportd o4 NEW YORK, Not. 2 lntfl, pruae ftru; tpricott Cesrfcamfcy 7c, 108 10 1929 1950 r 79 71 104 108 2 91 78!t TO'ee; For Your Approval 79 70 104 102 02 107 84 CLOSE. Hogle A fe.) 6c. 905; We suggest that before you Invest you kilt us for detailed information concern. e eecurHleet tug the f'lllowlng - 1. A. trsck, IBBSBBBBBWSSBSBBgBg 94! hlgh-grad- -- taa Kit Rys 7a 104 tro Nor V4a couv C X 4 It 2 4M,a e at Chi i'a ,n3 BldjAikod. ..... ,, ...... 43 Investment Opportunities k 10MS 19H2 193A 4 in (f 88k 4s Atcb Top 8 4 0 couv raisin steftd?. st ot BAILBOAD BONDS. Bopwted by J. A. Hogle A Co ) 6 S 42 A Ky . ai 474 484 45 li7 184 14 6 6 SO 4 804 60 81 MS ......... ft LINSEED OIL. Ltiueed u DfLrTH. Not- 6,1.78; arrive, 91 7814- - A ftfl .. .... ... bureau ot mines from the various state mine Inspectors, 058 men were killed during September In and about the coal mines of the country, aa compared with 187 killed in the corresponding month in 1920. The 1921 figures showr a decrease of forty-fiv- e fatalities, or about 28 per ceht, from the record of the same month of last year. Based upon .an estimated output of 48,229,000 short tons In Sep tember, 1921, the fatality rate Is 8 60 per minion tons produced. The corresponding rate for September lest year was 8.8 and the production of coal was 83.810.000. Ths production of coal during September, 1921, represents a decrease of 22 per cent. The average number of Uvea lost dur '' 2,2002.(0 cwt. 15 814' 814 luj 8 Special to The Tribun. WASHINGTON, Nov. f According to reports received by the United Btatea kota Bod Rtvor Ohio, aecked and balk, 1 esn 175 cwt. ; Dakota round white, sacked rod 1 4001 e bulk. cwt.; Idaho BuaooU, sacked, Thomas BOSTON 204 65 12 16 ftft 12 16 16 ftft to Mr. 25 66 07 m t Montana Toner N ft Chi A St mw 804 3 nt ing September of each year from 1918 to 1920 haa been 159 The production of seal has averaged 51.88(.900 tons, showing a fatality rate of 8 (4 per million tons as representative of the month Of September for the past eight years. During the first nine months of the veer 1458 men have been killed present at cdal mines, agalnOt 1895 killed during tb corresponding months of 1920, a decrease of 231 fatalities, or 14 per cent. The output of coal for the same mo'nths was 862.800,000 'Short tons in 1921 and 4T9.lOO.OO0 ton in )920, a decrease during the present year of tons, or 23 per cent. These fig ures represent a fatality rat of 4 01 per million tons mined In 1921 and 3.56 per million tons mined in 1920. Of the total of 152 fatalities during September, thirty occurred at the bituminous coal mines In Pennsylvania, a decrease of fifteen from September a year In West Virginia, a deago; twenty-fiv- e crease of six; fourteen in Illinois, a reduction of three; six In Kentucky, a reduction of eight; five In Ohio, a reduction of thirteen, five In Alabama, a reduction of four; three In Indiana, a reduction of twelve. At the anthracite mines In Pennmen were killed, as sylvania, forty-on- e against twenty during September of last year. ot oleo-resl- n Alii nt . nt J Development at Park Percentage of Fatalities for Property Carried on at Month of September Touches New Low Mark. Three ot land have Vast acreages of logged-of- f -- been acquired by the company, he says, In this way a large supply of stumps 'nd , assured for future operations Slow pow- is used to remove the stumps from the ground. The stumps ere then loaded ?tn box cars and hauled to the mills, where (A OIL PRICE ADVANCED. PITTSBURGH, Pa, Nov. 2 The fifth advance in the price of oils within the last thirty da vs was noted at the openPennsyling of the market here today vania crude advanced 60 cents to 94 per barrel, while Cabell at 2 M. homerset 92.40 and Somerset light 93.66 were up 2t cents. Ragland advanced 10 rents on the bsrrel to 91.25. Corning was unCity changed at 92 16. Oil authorities expressed surprise at the advance on Pennsylvania crude, Increase generally had been as a expected. However, soon after the marDifferent Points. ket opened It became known that independent refiners already ware In the field not only offering the new price, but in many instances premiums amounting to 26 cents a barrel. Some oil. it was said, Development work Is being carried In was being sold at that price, but considerable quantities were being held for the New Quincy in the Park City district under favorable conditions, according to further developments. Arthur L. Thomas, secretary of the comMETAL MARKET, pany. At the present time, approximate; elecNEW YORK, Nov. 2 ly enough ore is being mined In the proptrolytic spot and aesf by. 13c, later, 18 184c. erty to pay current operation costa OfTin Ky; spot and sear by, $27 87; futures, 12 928 on ficials of .the company are planning presIron Steady; prices unchanged. ent development work so that future Lead Hteady; apt, $4 704 75. Elnc Quiet, East St. Louts delivery spot, working facilities will be as convenient as 4 60 possible under existing physical conditions. AAtlmoay Spot, $4 75. Approximately 4000 feet from the Little 67 2s Beil shaft, on the 700 level, a winze Is LONDON. Noe, 2 Staadarg copper, 78 US tin, Am 2a 6d, being sunk on a Urns bed with the two6d, elertrolrtir, fold purpose of exploring the formation 26. 28 12s 6d; Sine, lead. and also to make jl connection with the NEW YORK TRODtret. t Harrington raise About 184, feet more sinking will be necessary to complete this 2. Butter Unsettled Nov. NEW YORK, 47 47c: extras. piecs of work, officials of the company than creamery creamery higher extras, 46c; creamerv firsts, 87Q45. hen this connection le made with the Kff unchanged. Hteady. 500 ( heese Kaaier, atate whole milk flits, fresh Harrington upraise from Daly-We- et 4r others 22 23c. unchanged. lever not only better shipping facilities 4 peotals, 23Q25C; chicksna Live will be afforded, but Improved ventlla ponltry Steady, fowls. lft26c. tlon. Ore can then be mined and sent Dressed Quiet and unchanged. out through the workings. It Is said, and moved with a minimum of STANDARD OIL STOCK. to Ontario the expense loading station. (Aa Reported by J A Hogte A Co ) New Quincy The main drift of the Bid (Asked. company la being advanced on the level to connect with the Anglo level of the J. I. C. shaft and to pro. Born Scryuiscr . pect the Intersection of an Important fisBuckeye sure 100 feet ahead of the present face. , .... theaebrtU Thta fissure Is thought by officials of the do preferred , T. company to be the source ot the minContinental eralisation, being followed In the wlnse Crescent ........ level of and the drift from the fifty-fo(utnberland .... . In 810 feet, the drift will Eureka the wlnse. Galena common reach a point about 800 feet below 'the da old pfd r bottom of the J, I. C, ehaft, which eome do new pfd .... time ago was sunk approximately 700 Ill Pips feet. Indiana Pipa ... This connection will sfford better venImperial tilation and make It unnereaaary to use National Transit the Little Bell shaft for the handling of N Y Transit Waste As compared with a tramming Northern Pips , distance of 4000 feet necessary at the Ohio Oil Inter Pet present time to remove waste through the Little Bell ahatt, but 400 feet will Penn Ucx Prairie Oil have to be teavereed to reach the J. L C. Prairie Pips shaft. Solar Refg In addition to reducing the trammlhg Bout hern Pipe distance about 8500 feet, the 3. I. C. Shaft, South Penn Oil It Is said, Is the most convenient entry 6 W Penn Oil for the development of the KeW Quincy g G Indiana . . property. By reopening the J. t. C. shaft, 8 O Kansas ... which, some years ago, caved In the 8 O Kentucky . upper levels, the company will be able 8 0 Nebraska to resume development of an ore expo6 O New York sure situated at a point between the 800 g 0 Ohio ..... . . . and the 700 levels. Development of this do pfd son was interrupted some years by a Hwaa A Finch Vacuum .... .. flow of water. This difficulty, however, . .. Washington will no longer hsndlcap operations, as the territory has been drained. The ore. both In the wins and In the -MINING STOCKS. SAN FRANCISCO level of the dr'ft from the flfty-fo(As Reported by J A Hogle A Co ) wlnse, ts showing persistence, according to Mr. Thomas Tn mtnerallxatlon In the drift, which has been .followed for a distance of approximately a distance of twenty feet, lies In the lime bede about ninety to 100 feet from a fissure believed to had the channel of mineralisation. This ore has averaged from eighteen to thickness, savs Mr. thirty Inches In Thomas How far the ore extends laterno crossoutttng has as Is not known, ally as yet been done The second carload ore of from the wlnse, most of which has been mined In the drift, left the property for the smelter yesterday, according 700-fo- ot oleo-resl- n. 0 6OS. Sfe6; 1000-fo- 4 , 64S Daly-We- oleo-resl- n. i 4; : 1 I 5; 4. last rate, closing bid, 4; offered at loss 60 dsrs, Time loens steady; 60 dart, IHttftH: it months, prime mercse-tilpaper, |