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Show THE SALT LAKE TRIBUNE, SUNDAY MORNING, NOVEMBER 27, 1921, 8 fr y New York Telephone Company Refunding Mortgage 6kBonds 20-Ye- ar Bonanza Ore Discovered in Claims Belonging to Salt f , Yet Demand Increasing, Production of Precious Metal Decreases Rapidly. o-lApa- a Lake Men Starts Boom. Advance cL by Poultryman Proves to rO Investment. Good -- tY Boom conditions prevsll at the camp of twenty-eigh- t miles situated Royston, northwest of Tonopah, according to J. R. Wa.ker, as a result of the rich ore discoveries made on the property of the Hudson Mining and Milllryg company. J. R. Walker, president pjhs Hudson rorfc P&. sS ,, whlch the 19211 promise mining camp. camp holds opt, they report,of has nop been exceptional Showings exaggerated richness have been opened up in mere eurface workings. on the On the Betts lease, situated Hudson property, control of which Is owned ' by J R. Walker, C. A. Walker. A. H Jones of Salt Lake Cltv and W H Rovaton of Tonopah, conditions are In connection exceptionally promising with the discovery on the Betts lease, been the origin of the present has which boom, There la an interesting story, according to C A. Walker. k miner C, F. Betts, an oid and veteran prospector of Colorado, Nescore of Mexico and New a districts, vada, after thirty or more years pf patient search, found himself, just about sixty days ago, "dead broke." He had a promising prospei t. but no money, Like the average prospector, "tie found himself' but short on money long on hope, After manv days of discouragement, during which time "he tried to raise $150 for a grubstake, he again inventoried hi assets, and found that his most abundant possession still was hope, which at before wa not negotiable. True, be had found one truckman, who had been Impressed strongly enough with the prospector's story of untold wealth, to agree to freight supplies to the Hudson leas for a quarter Interest. But the fact that he had, as yet, no supplies, wa aa ever a"con8iderabie handicap. 11 As a last resort, fie appealed to Charles Chinese poultryman of Poy, The astute Orienta, after Tonopah. the hearing prospector's glowing description of the Betts lease, said, "I looks over. After visiting the Betts lease, Mr You Poy expressed himself succinctly catch ee him big there. I takes." So saying the Chinaman advanced $150 for a to take, as the grubstake, agreeing truckman had, e. quarter Interest in the lease for hie assistance. With the aid afforded by Mr. Poy and e the truckman, Mr. Betts was enabled to return to his claim and begin work. In sinking twenty feet, ore to the value of at least 120,009 has already been taken out. One shipment of ten tons has net- ted Betts, Pov and company, after all expenses, approximately 17900. Upon Poy, however, during the past months, reports Mr, Walker, has fallen a slight misfortune.Convtcted lof violating the narcotic act, Mr, Poy Is serving a thirty-da- y In justice to the Oriental sentence. financier. It should be stated that he has taken his reversal of fortune with rare phliosophlo calm, and refused all offers to sell. His only concern is said to be that his mining associates shall have sufficient capital to continue operations throughout Jhe winter. The growth of the camp I remarkably said J. R Walker yesterday. "In not much mors than thtrty davs, the population of the camp has grown to 200 or mors miners. Seventy-fiv- e tents havs been pitched. There is a steady stream of traffic leaving dally from Tonopah for Royston The Sunday before w visited the camp ninety-thre- e automobiles came from different points In Nevada to Royston. well-kno- Camp Grows Rapidly. and machinery are being "Houses rushed from Ooldfleld and Divide to the new camp Two storey a boarding house and a restaurant have been opened up. The camp is most favorably situated. Ample water can b developed onlv two miles away where the Tonopah Belmont and the Tonopah Mining company derive their supply for milling and domestic purposes for their plants at Millers. Power can be secured by building s line six miles. "Treatment charges for the ore will be very reasonable. Millers is but thirteen miles from the camp. To build an excellent road as far as Millers, with a grade into camp not to exceed one per cent, would take but sixty davs of plow and scraper work. The treatment charge at Millers is but (5.60 for ore valued at 125, and 10 per cent for all values over this figure. A 90 per cent recovery Is made At present the distance to Tonopah Is twenty-eigmiles, but I was informed by one of the county commissioners that a new road would be built immediately and the trip cut down to eighteen miles The formation, according to Mr Walker, Is rhvoiite, quarts and altered, highly lime shale. Traversing the formation are a series of north-sout- h and east-wefissures At the Intersections of these ledges and on the contacts are found the bonansa ore deposits The fissures for the most part, he says, are great ledges of beautiful quartz which carry sensational silver-gol- d values Most of the silver value is In a chloride form Specimens of remarkable richness and beauty have been brought back from the new camp bv Mr. Walker. sill-ctfl- st (1) Betts lease, from which ten tone of ore, netting shippers (7500, hat been shipped, and (20,000 mors of bonanza mineral mined. Left to right W. H. Royston, J. R. Wetker, W. R. Walker and C. F. Betts. (2) croppings on Walker 31 Walker ledge, with road to Tonopah shown In distance. (4) Moving machineryQuart! property. from the camp of Ohrid to Royston. (5) Roystonr which In thirty days ha grown to a camp of seventy-fiv- e tents and 200 miners. Two miles south of the Kincaid fine showings have been struck. lease out no walls have yet been encountered. Only a little scratvhtng has been done, but the showing of free Qid in the pans is remarkable. In some of the rock the particles or dut of gold may be seen with the naked eve. "The camp needs experienced prospector with some money, who will push the Other Companies Active. "On the Super-Si- x ground, which parallel on the east our patented Golden E&glo claim. Ore which pane $10 a ton In gold has been struck. The Super-Si- x company, when we left there, was planning to sink a shaft and do extensive development work. West of our property several claims hsve been taken up by the Ben Hur company, This company It moving its machinery from Its Divide property, and also preparing to do thorough exploration." The Hudson company la planning to sink the Hudson shaft, now down about 2 )0- - feet on- an incline of 2$ degrees, another 200 feet. Because of the favorable nature of the ground, which makes timthis work can be bering unnecessary, done for $10 a foot, says Mr. Walker. The ledge, from which fully $10O,IH!Q has already been shipped in sinking 300 feet, will be followed on Its dip At the proper depths, crosscuts and drift will be run to explore thorouglHy the ledges which upon the surface are proving so productive. Fart of the property owned by the Hudson Mining and Milling company was formerly owned by the Quincy Mining company, an Arizona corporation, with stock. Ths Quincy company, organised In April 1904, nearly eighteen yeara ago, operated Intermittently until Auguet, 1912. when McCor-nlc- k A Co obtained a Judgment the company for approximately $19against 000. On April 9, 1913, all of the mining claims of the company were sold and deeded to McCornUk & Co. J. R. Walker and others early this vear made a repurchase of the property fiogi McCor-nlc- k A Co , but after buving the claims found that the estate had been relocated by W H Rovston and associates and part of the ground patented by them. The patents, however, were held up, and a compromise effected bv which the stock, Jn the Hudson Mining company. a Company which was formed early this year, was divided on a fifty-fift- y basis, W II Royston, who is general manager cf the companv and the godfather of the district, is superintendent of the Tonopah Belmont Development commills panys A H. Jones Salt Lake metallurgical engineer, who Is treasurer and director of the companv, was formerly superintendent in charge of ail of the TonoBelmont Development company's pah Recent work on the milling plants Betts lease lias been confined to making preparations so that work ran be steadily carried on during the winter, according to Mr. Walker. -- BAR TKAHOISOO (A. Reported by J 1st Uii 2nd 44s 3rd 44S 4th 4 ViS Victory 4 W will buy or ell any Rush to San Mateo District Causes Widespread Interest Among Mining Men.. .Considerable Interest has created In Western mining circles by the announcement that gold had been discovered on itheaoutheast slope of the San Mateo mountains, near the Socorro county lino. 115 miles northwest Of lots Cruces, our current T The gold indications believed to be so promising were recently found by W. A. Henley and'son. John and Charles Yalpe, Captain W. B. Townsend, late of the United States army In Siberia; Los Fulp and A. J. Wllleta. Concerning the strike. A, H. Reynolds of EJ Paso, who visited the new camp, made the following statement, according to the El Paso Herald "It H a camp that only mining men or prospectors with, Bay, $500 to $1500, which they can spend, should investigate, ft is no place to start a rush or a boom for a lot of poor people to get into expecting to make money quickly and easily, for it la. of necessity, not that kind of a camp "Wkh that reservation and I do not hesitate to sav that in caution, my forty years of mining experience during which 1 have seen a good many gold camps, I have never seen In a new camp a larger or better showing of gold than I saw at this new camp where 1 have just epent a week. "Free gold is shown here in places, in several and frfteen-foholes, and manv pannings The vein seem to be very large, and so far as I could make ten-fo- KlglKO STOCKS. A Untie A Co ) OIL wssMseesxvtHs - """Bdria Mrlgage Phone Wasatch : - - liberty Bonds bought and sold at market prices ill-1- 6 Walker Bank Building 5888 i Why Municipal Bonds Are Favored Investments investors who look first to safety of principal anil adequate return are partial to Municipal Bonds. They are justified in ' . . favoring them because- - ot ot ot - BOSTOH CDXS CLOU. (As Reported by J. A H.tgle A To ... Ray State liaa Bohemia . J ...... Beatns Bit . ... Butte A Lifidna . . Hostoa A Muntaaa Black Hawk .... taaadiaa teppe Chief toe . . Hyland Oil Prices Current Mtv 138 May 20.1923, Issue at th market at net prices tor cash, based os New Yoik Stock Exchange quotations I. A. rlOGLE & CO. In (50 and (100 Bonds and In All Investment Bond and Stocks Wa (peclall In Small Lots OGDEN SALT LAKE 77 Eerie Bldg. Tsi, 122 (8( Main Ste Wasatch ' -- Smith & Sons Investments Insurance Real Estate Mortgages -- 38 West Second South Street mnrinniiTTT iiiuiiiuiiiiiiiiiiulllilUllillllilllllilMMMIllillTninl -- Profitable Increase Expected. Reckoning as near platinum the Imports from Colombia, England, Sweden and September, present supply Ssnada dunng to be 8237 ounces a month, or 74 844 a year. This compares favorably with imports of now platinum at any time since 1917. With more effivient dredging operations shortly to be initiated in Colombia and pressing need of the soviet government to establish credits abroad, production may be excepted to increase industrial conditions Under normal Russian placer mines will be exhausted but fifteen within years, present rate of 10 per cent of pre-wproduction is no Several criterion of actual potentiality. attempts to finance the industry have been made during the war and since the afar. In 1918 the National City Bank of New York offered $15 000,000 for control Of one mine. This move came to nothing In 1917 a French bank offered $25,000,00 for a 50 per cent interest of all the mines The offer was accepted by the Kerensky government. Corporation stock was sold, and mining waa started. Then came the bolsheviki and confiscated the mine and nationalised the industry. Afterward they tried to negotiate with Americana, but no trade resulted because our government refused to countenance commercial rela- Saving money, a practice universally Commended by successful men, ' is most profitable when the deposits are made with a bank keenly" alertr like the National City, to see that savings depositors get, the utmost benefits from their thrift. ar i .... Rose Majestic . .... .. Vfihtnley Ttp Top ...... Vente Fits i 1 HILL CHEEK WELL Refining Company corporation, controls thousands of acres on this dome. Organizers of this Company were the original locators of the structure and the company had the choice of lands. , , Part of the Upland Company holdings have been subleased to Standard Oil representatives on 8 fair royalty basis and for a eash bonus in addition. More choice acreage has been retained to be drilled by the Hjland Company itself, r Production on the llill Creek is expected at shallow depth by geologists, for both the big and little be a seepage through companies and some oil is reported in the test well now drilling believed the cap rock from the oil sands below. The II land Oil & Refining Company owns a large acreage well located n six other fields, but a producing well on Hill Creek alone should make profits for Hyland Company stockholders large enough to satisfy anyone. A block of stock is offerd for 10 cents per share to provide a drilling fund for this company. Capital Stock 1,000,000 shares; over 700,000 shares in treasury. A Utah D . d We pay 4 per cent interest, compounded semi-annually- .; The National City Bank Ru-sl- ... Itenhtgh tiadades . First Vatlooal Hen tilea , .... imperial . ... Iron tap .. .. Jerome 1 enle & EcJ-- tions .... SH0OTJG ar The trade with England of February, 120. affects concessions a and exports onlv. have actually British imports into fallen alnte the agreement from 14 per 8 to total cent of the per cent, while American Import have increased from 35 per cent to 70 per cent. But England is getting the Russian exports, including platinum, although Russia is not sticking to her bargain. Gold concessions are beIf the United ing offered elsewhere Mates will not take them, they are likely to fall into the hands of Japan. Boston News Bureau. Con Cop Mine Dartde . la credit and financial standing of the entire community la the security a bulwark of protection against the slightest danger of loss. Fonda to meet principal and interest are derived from taxation. Municipal Bonds are Issued under special laws and may not Increase public indebtedness beyond - safe limit. And they are free from Federal Income Taxation. We shall be glad to submit to you several excellent offerings in Municipal Bonds which we have for sale. The When this platinum was purchased in war time an average price of $105 wa paid. The trade was practically compelled to sell stocks to the government, and undet th circumstances th government thought It right to give a pledge that in event of their unloading after the war their selling price, would not he over In thia way the trade demand has $105. been met. but not in a measure approachconsumption. ing the pre-wIn the United Normal consumption States is 10 000 ounces a year. Of this, Is ounces less than 80,000 scrap reissued. Thus normal- - demand for new platinum exceeds 100,000 ounces. AS previously shown, supply, of new platinum is less than that. Unlike European countries, 80 per cent wf United Mates consumption is for Jewelrv. Demand for platinum jewThereelry has decreased enormously. fore, diminished supply has met demand, and price atiU remains at $85 an ounce. Present holdings of the war department will not be sold unless existing polAll former belligerent icies are changed governments are holding their stocks of reasons. It is for strategical platinum expected any future war would be fought and with chemicals, platinum t iargeiy Indispensable for their catalysis It ts therefore not surprising that the war has decided to retain its present stock. Representatives of Standard Oil subsidiaries have acquired thousands of acres on Hill Creek dome in Uintah Basin in the last few weeks. After careful geological examination the big oil companies evidently believe this structure worth risking their money on. Nov. 15, 1947 Sept. 15,1923 15, ' N. M. June 15, Oct development. While New Mexico gold camps havs generally petered out and proved of little value after the first cleanup, thia might prove to be the exception. la one of those that nobody can find out until he things makes the teat. At my home 1 have about five pounds Of specimens of the newly discovered ore showing free gold. It la from a three feet wide, at bottom of a stringer twenty-foshaft in a to forty-fowide breast that ail thirty, I should be pans gold pleased to show the specimens to any mining man. who mav be interested in thl really remarkable indication of a promising deposit. "AU conditions of 'the of the new camp are favorable tolocality economic operation of mines and mills ft is to he hoped a thorough exploration will be made. Those already on the ground will welcome the right sort of men who will really help open the ground up " The nearest stores and poatoffices to the camp are at Montlcelio, six miles, and Cuchiilo, twelve miles. Both are in Socorro county Elephant Butte irrigation dam and lake are In sight of the camp. There Is plenty of wend and mountain Good roads lead to the water. which Is three miles northwest ofcamp, the Flying X ranch and two miles east of the Bedrock ranger station. t LIBERTY BONDS Maturity 1942 Ftfce, at market, to yield about 6 per centr High Price Paid for Metal. 1 - .... Denominations from $100 to $10,000. mnt. Average price. Production of Colombia ha been cn the increase during third quarter of this year. Imports from Colombia during first six months of 1921 averaged 2244 ounce a month Imports from Colombia for July, August and September .were 295, 2128 and 391 ounces, respectively. Prices this year79have been erratic, ranging from $58 to an ounce. The surprisingly large received from other countries in quantity 1920 wa derived from unloading of scrap accumulated by European government. Th United States government has also sold 11 918 ounces of metal platinum since the armistice at $105 per ounce - st . one-ha- lf .... imo..- Twenty-fivlessees are at work on the Hudson property, according to Mr. Walker, and more leases are being let dailv. On the Betts lease, situated on the Golden Eagle patented claim, a shaft laentv feet deep has been .sunk on an Intersection. Three feet of $1000 ore showing in the north-sout- h vein, sais Mr. Walker, while In the sn exposure of ledge mineral fully as rich has been made In addition to the shipment already made from the Betts lease, there Is almost a carload of this ore on the ground awaiting shipment, which will be made after the reduced freight rates go into effect November 28 "While the Hudson property lie In the heart of the district ' explained Mr Walker, "the mineralization Is not confined to our estate For example, 000 feet south of the Betts leaee, aleo uoon our property, a lessee by name of Kincaid has opened up. at a depth feet, lour feet of ore which assays' Cine assay, high in silver which showed 200 ounces of silver to the ton, was a disappointment t Kincaid. Issuea- The company has paid dividends of not jess than 6 per cent on its capital stock without interruption since 1896, and for the past.eleYen..yearsAtJe-rat&.of..- 8 p?rLf!tnL Since 1910 net earnings have averaged over four and times interest charges. v . . These bonds are recommended for conservative jnvevN 1918 1914 191 1912 Many Lessees Working. e eaet-we- Assets conservatively valued at $408,000,000, compared total bonded debt ofless than $142,000,000. ' with a iis 191? .... 191 .. . hard-roc- Oriental Finances Work. j hhseT lsii,,bgr months. Year. 1921 The , There have been no direct jmpori of platinum from Russia since 1919, but Russian platinum la undoubtedly corning into the United States through England and, in a lesser- - degree, through Sweden A made between trading agreement inwa February. 1920, and England and Russia since April of that year there have Been shipments of platinum to London, It la therefor of Interest to not that during July, August and beptember of this year,, out of 791 ounce imported from other countries.' 4291 ounces were from Enl gland Subjoined table gives imports of platt n'Syn Jeto iilf LiiUed.5tateAiJL3younc-,!- Grubstake Be An obligation of one of the strongest' companies in the Bell System, operating throughout New York State, including New .York City. OFFICERS AND DIRECTORS John H Woottorv, Lawyer and Former Stats Senator, Salt Lak City Utah. Prssldent and Director John F. Crltchlow, Surgeon,.. A R. G, W. R., "SiTt XAk City, Utah, Vtc President and Director Royal C. Barnes, Assistant .Cashier Deseret National Bank, Salt Lak City, Utah, Treasurer E, G. Clay, 1022 Boston Bldg., Salt Lak City, Utah, Secretary Muale Co., Salt Lak Charles H. Norberg, Treasurer Daynaa-Bae- b City, Utah, Director William CHIpman, Merchant, American Fork, Utah, Director J. Tracey Wootto n. Lawyer, Sett Laka City, Utah, Director An advisory board of twenty member la provided tor In th art I, Ira of incorporation. These member are entitled to receive promptly s copy of the minute of every director meeting so that they are fully Informed at all times relative to the company affairs, and can furnish information readily to stockholders in their respective communities. HYLAND OIL St REFINING CO., 1022 Boston Bldg, Salt Lain City, Utah. Gentlemen: Enclosed is check or money order for for S shares. Signed Of please send maps and further At No. j Ths Only Bank on State Street. WE WILL BUY I I 228 AT HIGHEST lN AmulHam&ted Supar 7fd 200 Amalgamated Sugar com. S Beneficial Life Ins SOK) Clift Bldg Bonds 100 Beet Grower Sugar 1000 Independent Coal 10 K A R. Securities 100 Mutual Creamery " - 10 Mutual Coal 1000 Montana Bingham MARKET PRICE 1000 nut West Oil 50A Thompson Malted Food 10 Utah Power & Light 300 Ltah-ldah- o Sugar 100 U. S. Fuel 2000 Utah Calif. Oil Prod 60 Utah Fire Clay 1000 U. S. Fuel pfd 100 Utah Ore Sampler 20 Western Livestock Loan WE WILL SELL" 4000 1000 2000 1000 600 Oil,.... Arizona WG. Baker Steam Motor .. . . Elevator Safety First.. Eureka Metallurgical Fireside Coal .02 02 .02 t .... .1 Pan Motor 125 Peerless Coal Bonds.... 7100 3 25 Peoples Sugar 1 .09 550 00 Rudy Gun Club 1(KH) Spruce Monarch .10 09 1000 Grater Con. . .05 25 Salt Lake Stock Yards 5 00 O0 2000 Guataveson Oil (asst pd) 1000 Uinta Otl & Exp 07 2000 Glenalien Mining 100 o .03 2 30 Sugar 10 Utah Power & 6000 Independent Ol! A Gaa, .21 7.50 Lght.... 1000 John T. Clark Tire 600 Utah Calif. Oil , .01 i, .12 4 Utah State 1000 Louise Mining 03 Nat. Sank.. 145 00 1000 Little May .01 1000 Vlpont Silver Bid 5 Mutual Coal 8 50 1000 Virgin Dome Oil .10 10 National City Bank 91 00 Motor & C. ...... 05 7 Ogden Packing 5 Z C. M I.'. Make Bid lo6 00 Stocks sold on monthly payments We buy or sell any stock or bond whiili has a market value anywhere. 10 2000 100 ....... Utah-Idah- 1000-Vict- RALPH BADGER & CO. RALPH BADGES 16 West 2nd South, City THEO. NT8TB0M , Wasatch 6330 What Is the Next Move? Up or Down? THE MARKET INDICATOR WILL TELL YOU Ever alnoe our organisation was esa reputation with tablished our customers of being 95 per cent in our advice. Readers of Our Market Indicator know what stocks to buy and what storks to sell and learn th facts by following our Market Review.. If you are Interested In th stock market you cannot afford to miss a single copy. If you are not on our mailing list write us at once and copies of our Market Indicator, also 'our Market Re view, will be sent to you free every week upon request. No obligation on your part Just cut this ad and mail to us yqur address WM. B. LANQHOR6T A CO. (tecks and Bonds 8 Wall St, New York Citjj THE. IAMB OF 50 XAX&EX etJSHFBS Free ownership map pf Mexta, I Texas' great gueher oil field, covering entire field from Corsicana to Kosae, showing producing wells, drilling wells and other locations, towns, railroad, rivers, and a world of ' other data. Also information on Max-ion Stephana County, and on tho Orest Toysh Bell Discovery Well. Write today for this free - - , map and information to a, (CHIMMEL A COMPANY Suit 981 Nell P. Anderson Bldg. Fort Worth, Texas, ' |