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Show I u THE SALT LAKE TRIBUNE, SUND AY MORNING, JANUARY 22,1922. tlon of commission' house with Import- ant connections at middle western cen tera waa Indicative, however, of a moderate revival of publle In ter Sat. . u Apart from A recurrence of the per cent rate for call money, due mainly tp Reduction of railway employers' wage also waa advocated by Senators Nelson, Republican. Minnesota, and 1 !ul. Democrat. Mouth i Carolina, the latter urging abolishment of lb railway labor board. th reduction of local reaerves by out of town banks, th money market re- , WELLSV1LLE -- to Th Tribuna tained much of its recent ease on more Special LOT. AN, Jan. 21. Dr. H. K. Merrill of liberal offerings of time funds. Borne this city was elected president of the Rhoyt-tl- m accommodations were made on state bank to succeed Joseph the unusually low basis of 414 Per cent, Wellsvllle K. Wilson at the annual of the Annual Report on Condi-,tio- n of Mine Shows Fi- -' nances "and Work Good. with Eiberty bonds ae collateral. Continued confidence marked the Investment situation, new corporate offerings Including the Southern Kaliway tJO.OCO.OOO-bon- d issues as well as Burner ous State and municipal underwriting with ready sale. meeting The one disquieting note of the week was sounded In the market for foreign advices exchanges. London and Bar! expressed th concern manifested plainly in high financial quarters at the latest h shift in affairs. Promising Discovery Made oq Claim Owned by Salt Men; Rich Ore Shipped, Anglo-Frenc- Special to Th Trlbaae. , to Hi T ribunf. F.OYSTON. Nev.. Jan. SI. On of tha PRO VO, Jan. 31. Stockholders ef the Eureka Bullion Minin company met this most promising surface discoveries yet afternoon in their annual meeting, at made In the Royston district ha Just leas which more than 790 share of stock ere been opened Jm . th Morris-Mine- r on the middle 500 feet of the Crow claim The former board of direpresented. Assay rect or waa reelected The board organ-ie- d of the Hudson Mining company. H. C. llick a, president; of a i rough sampling of the ore pile gave follow st John It Beatolmeyer, yloa president: H. a return of 8 gold, 416 40 ounces sliver Bestelmeycr, secret a Mid 26 per cent lead, a total of $434.40 G, Bhimenthal and N. C. Hicks, director. per tom Secretary Auauaf BestelrtieyPl- luaued -- A' sample of the solid ore showed $18 the annual statement showing the comgold, 1190 60 ounce stiver or a. total of pany to be In good financial condition. 60 per ton. $1208 Independent of an estiIn reporting the developments of the mated lead of about 30 per cent. Manager This rich content property during the past year. in rhnrarterrTs; unusual ore, to order "In aald: John M, Beatelmeyor In what might ba ambling Chocolate-browappiarauce meet a weakened market condition and- termed n a neJhsper, has which to, ease up on heavy expenaea new In a aroused Internet the possibilities w ceesitated frequent assessment. Itdlrec-to,- because 4t of the districtrs give prosdwme'J advisable by th bora of pectors and leaser a new kind of ma1 to $Icial prospect and the management and develop virgin ground llng between the Eureka Bullion and the Eureka Uly Neither company up Mining company. to thi time ha explored or In ny way particular stretch, of developed thl ground. A very prominent cast and west fracture system outcrops approximately tuO feet southeast of the Bullion ohaft. from which assay carry 1.5 per cent to ounce to 2,7 (per cent copper; 1 .5 to ailver and small value In. gold A drift bearing eolith 25 degree eaat, Bullion following the strike of the Eureka fleeur. I now being driven to the Intersection of these two fracture system. feet tonow out ninety-fiv- e The drift ward It oblective, and within the past of few day the presence chalpyrlts or vein copper sulphide indicate that thl Thl will undoubtedly continue to depth. will open a copper channel paralleling fracture system now being tli . developed. this work the 'Jimmy with "Along raise' la being driven to a soluble, heavgrindstone, approximateily feet above the main drift ly seventy-flv- e level, 'dipping westward at an agio of 35 degrees. The report showed that the amount of footage for the past year totaled 1280 feet on various levels. Including drifts, raises, swbdtifts, etc. Besides Mr. Bestelmeyer' report on the development work, Mr. H. K. Havenor, engineer, reported on the lonsultlng geological feature of the property, and s iggosted that th general plan of work brake he ro drift on northerly-southerl- y to known crosabrakea or Assures and then develop the Intersection to the tovorabl beds or contacts. 1 lead-silv- er . Average Tonnage of Ore Is Shipped From Pioche Iperl.l te The Tribune. riOCHK. Nev.. Jan. II In plt of th extremely cold weather, thi degrees below tcro for th past three n'ghts, an average tonnage of or waa shipped to the Balt Hake smelter for the week ending January 20. A total of 260 ton of or was shipped from Ih Bristol Sliver mine, while the Black Metals. Inc, gent forward 306 ton of silver fluxing ore. N No ano lot were shipped Erasers, who have been working under difficulties. are holding their tonnage tmtll next month. No dump ore are being worked at the present in and will not be until warmer weather A broader leaping policy announced by pit the larger companies, accompanied In the royalties charged, bv decrease should have a beneficial effect on shipment forein th near future. This shadowed by n Increaelng number of for reservations for sectors where ore known to exist lead-silv- 11 1 1 Better Business Prospects Noted by Salt Lake Man Ioul A, Bailey returned yesterday to caster automobile renters, predicting an eftrly return to more nearly norma! business court tloos throughout the country. Whil In the east he learned that manufacturers genera IH- - had itevoted much attention to their market In detail beIrvestigsting. fore deciding upon their production plan for the vear. Comprehenalve data have been collected at manufacturing centers, snd, as these pertain to the weat, Mr. Hailey said, every Indication I for greatly Improved condition in all line of business With the coming of early spring. "Automobile owners, said Ms. Bailey yesterday, "should b Interested In know- Ing condition in the tlr lndutrv. Factories generally mad their rr.onty lower price scales In the face of a rising market, with a desire to stabilise btialne and to create confidence in the minds of the buying public as Well ns among their dealers. . The effect has already been noted, distributors, dealers and consumers buying freely. There seems to be general appreciation of the fact that the tlr market today is at the lowest possible $ It Is my fixed opinion that should thrwld be a change In tire price shortly most certainly b In the nature of ll tM advance. . "Statistic Indicate that 76 per cent of is automobiles now In service will e new casings and tube this this mean a widespread demand spring shortly Wtilc1' naturally will tend to stiffen from a visit re-ir- FT j,,,DAIMK STARTS AUSPICIOUSLY. Sjxel.1 t The ffrtboee. Idaho, Jan. 21 Reor-nlzntlJPOCATEHTjO. of the Vlcabo state bank on eod river ha placed that hank on a rung financial basis, her to State of Einance J, a. Krslick HM.oe the hank reopened under the new XHnlzatlnn the depot.lt have Increased '.Writer cent end the bills payable havo lace reduced S37 000. he states The new officers of the bank are: R J. Kilpatrick, president; Wallace Robertson, find Vice president; Charles Me. il'orhlln. second vice president' and H It, Neal, cashier, Both Kilpatrick and lb her ton 'are from Beatrice, Neb, and hit Robertson Is president of th national bank of that city. NEW INCORPORATION. yptrln! to The Tribune. oDGDKN, Jan. 21 Articles of incorporation of the Ogden Realty and investment company were filed with County 3erk Claude T. Moyes today. The capital I $250,600, with shares of the par 'Slue of $1 each. The directors are: David Jensen, president; H. H. Henderson, vice presidert, Emma Jenson, see-rtta- rv R ChrUloffarnon and treasurer;-Mid W. M. Johnson, directors. terial to search for. Thie streak whlnh allowed about an Inch of what appeared to nf hematite of iron on the surface, soon opened to over four Inches lof solid ore in the open cut by In soma which It Is being developed. places It widened 4o nearly a foot, but bss been somewhat errat'c and varying between the width menoned. If it continues without, faulting. It ha a chance of becoming one of the hlghest-grad- o producers th the district. Carload of Ore Shipped. ore of an estimated value of 110,006 from the Betts lease on th Golden Eagl claim of the Hudson company was sent from Millars station on Ih Tnnopnh & Ooldfleld railroad last Hundav, and billed to th American Smelling and Refining company at Bnt lake City It was cooicpsnsd by B. F. Betts and C. Y. J'iw. tw of the ner In the lease, a an armed guard part The Betts leaao still has a large shewing of rich ore, and another osrioad will be renrtv for shipment wit', In a short time. Work ha boon started ru the Boy sub. leaw Son feet nouih of L'.e Betts ahu'L nnd on the Van Wink. s.hleaae fiod Teet north of the Bctta baft. The Betts syn also planning ?d atari a eoond dirat haft at a point abojt 200 feet north of their present shaft for further development of their ground, they having a leas on a full claim. Th Hudson Mining company la erecting a new bulbllrg for Installing a new gasoline Jiolwt nt the incline shaft which Is to be sunk from its provent depth .of 360 feet to 600 feet, snd other preparations of a general character r being made for rushing thi work, which Is of the district in ascergreat importance taining the extent of thb downward continuity of the ore bodies. A carload of 1 WEEKLY METAL REVIEW. NEW YORK. Jan. 21. In absence of the Increase of business after the holiday the steel market at the moment is being sustained by hopes that the predicted expansion Is not far distant, in view of the .number of building projects In- - contemplation and the needs ot the railroads, these hopes would appear to be well founded, although it Is now conceded that there Is little probability of much activity thl month. The pig Iron market Is also In a waiting position and' buyers appear to be holding off In the hope' of a reduction In price. Copper has remained quiet. Bom 'sales are being made by the copper export association for shipment to 'Germany, France, Italy and Holland, but the business has been compaiatlveTy small. Otherwise very little If any export trade la reported and there has been no revival ot demand from domestlo buyer Meanwhile second-hand- s and some smaller producers are shading prices and It is said buyers are find'ng no dlfflculy In placing .small coders at 17.75 delivered for prompt and Producers, first,, quifrter electrolytic. hone stocks have been considerably reduced and who still have much copper to ship oof on old alecks, are maintaining their quotation of 14c, which puts them practically out of tho market. Tin still command a premium for prompt and, January delivery over fu turew, with an Improvement In consum Ing demand. Offerings for forward shipment from the eaat are liberal and ara being reflected in a lowering of bids here. Head remains In a healthy position, statistically, large producer are wan booked up for January shipment and are showing no disposition to make conces alons for February business. little Increase In the deWhile there mand for zinc, producers anticipate lm proveinent in the near future, when the demand for steel product Increases, which would bring mills Into sthe market. Antimony continues quiet and easy, but even at concessions there Is very little demand for export and , consumers eeem to bs well supplied. , 1 tom-pare- x x moo-nU- le Pricos Hod lasted to Steeds in cur meeting stockholders held at Wellsvllle this week. Other officer of the bank elected ere a follow'; Vice president, T. A. Kerr: vice Robert president, George Perkin; cashier. A. Eeishmen, all of whom are a too members of the board of directors, with David A- Kerr, Norman G. Allen, HeRoy Hill snd James Ad. Helshmsn. The .condition of tho bank waa reported es being very favorable and of fleers ore very optimistic over projects for the coming year. CROP ESTIMATES. WASHINGTON. Jan., 21. Crop condiin the tions northern hemisphere were reported today by the, agriculture! department to be still "quite variable, while the harvestings' in the southern hemisphere were said to be In general slightly below estimates. While wheat harvesting In Argentina was said to be making good 'pfSkrea, recent report, the department aUtvd, were less optimistic than earlier one aa to the probable yield. The crop Was said to be of generally good quality, however, with the area planted estimated at ap proximately a million acres less than for the preceding year. wheat harVest, now The Australian waa expected practically completed, alto waa to show some reduction. It said, from the first official estimate of 146.6l4.0o0 bushels, which approximately equal the 1926-3- 1 crop Th condition of winter wheat waa rtb ported to be generally good throughout the eastern and northern sections of the United States and also Canada, but was In most of the southdescribed western states. Winter rye conditions were reported to be very good in this country. Winter crop were said to be showing some deterioration In Germans and irJn France, due to drought, regular growth while they were reported a favorable in Hungary and several neighboring states. The rice croifk of both India and Egypt were reported as promising to be considerably In excess of those of last year, Balance of Our $35,000.00 Smoke Damaged Stock of Ladies' Suits, Coats and Dresses Now Offered at v Complete cleanup is sure there's no escape now; any price that will move the merchandise satisfies US'. It's a carnival of .bargains such as Salt Lake women have never known before and such will probably never witness repetition again for many a day be here before it's too late. Estate Appraisal Cost Is Supreme Court Issue price-wrecki- Appeal to 'the supreme court from the decision of Jadjro 0 A. Iverson, in the case of George W. Parks and Robert E. Mark, administrators of the of Enos A. Wail, was taken yesterday. It places bofore the court the question of whether the eosVof appraisal of an estate for inheritance tax purposes shall be charged against the estate, or be paid entirely out of legislative appropriation. t In this particular estate only a few hundreds pf dollars are involved. In the acKregate such costs against the state amount to some thousands nunually. The administrators of the Wall estate refused to admit that the cost of appraisal was a proper charge against the estate; and therefore they submitted checks to the state treasurer for the amount fixed as inheritance taxes only. The state treasurer, W. D. Sutton, on advice of L. A. Miner,' assistant attorney general, in charge of inheritance for the inheritance tax until the coeb of appraisal wa paid, and the administrator began suit. Judge Iverson decided against them. While the estate ha made an appropriation for payment of cost ot appraising estates, it is the opinion of the attorney generals -- office that this is merely for the purpose of paving the appraisers pending settlement ef the tea-tate, and that the charge then properly ' under the law is made against the estate. In cases where an estate, after appraisal, is found to be within the exemption vain under the Utah law,, the legislative appropriation has to bear the cost of appraisal without reimburse-ment. The ease of the M. IT. Walker Realty company against tha American Surety company, concerned with bonds covering the installation of elevators in the Walker Hank building, which it was found necessary later to discard, ha also been taken on appeal to the higher court. ng es-ta- EXPORTS SHOW DECREA8E. of WASHINGTON, Jan. 21. Export fell off by $2.600,000, 060. manufacture mashipments out of the country of raw terial dropping bv nearly 31,000,000 060 and foodstuffs exports declining abdut JaOO.OOO Oik) during 1921, the commerce announced today. Imports showed similar declines in the varibue groups of commodities. of " manufactures XHirlng 1921 export Ben Hur Shaft Started. nggregnted 32 023 600,0 '6, compared with A depth of about thirty feet tins ben $4 Io3,0o0,066 during 1920, while Imports attained by the new vertical shaft of the aggregated 96',000 006 during 1921. aa Bm Hur cornpanv on the I Guess claim. against 11668 660,060 the previous year. aa tha woilt d to 3984 000,006 as compared with quarts It Is being timbered When flfiv feet deep. It la $1,976,000 Ooo in 1926, while Import proceeds work st Into to the lateral irt $X,i3,000,099, planned against 31,751,000,000 hill, by which hreans additional depth during 1920. will b rapidly gained. The company alof foodstuffs during the past Fhlpmehts d ready ha a gasoline hoist and air com- vear aggregated 31 4fi 000,000, as with 32,631 6W Ooo pressor In the district, which they plan during 1920 to Install on this work at the proper wh le import totaled 672,000,0o0, against time. 31,815,000,000 during 1920. The On hill lease on the south f66 feet of the Crow ckilm Is making a nice show. - - MILEAGE- - BOOK LAW. ing of rich ore In a winze that has been WASHINGTON, Jen. 21. Tha Inter-stat- e sunk An adit tunnel Is now being driven commission would be dito open this for more convenient work- rected commerce to order railroad to Issue railing. Kincaid and Smedley are opening road mileage books under a bill passed s new showing of good ore et surface on bv the aerate and sent to the today . Cl tho south end of the I. claim 'of The measure would leave to the the Hudson company. About a foot of ore house commerce Interstate author. commission running 'high In edHer and lead lias been Itv to fai and reasonable prescribe opened in a shaft on the Wills lease on rate." claim. , toe Beventv-SlThe measure wa a substitute offered The Super-Sicompany la still pushing Senator Cummin, Republican. Iowa, work oh their two shafts snd also in by for original bill of Senator Watson, the tunnel which It Is driving Jointly with Indiana, which vroviib d for 9 of on blocks Frisco the leasers 8ynd book at 2 4 cent per mile A vein flye"-lee-t w.de, showing claim senate The adopted an amendment by ore, has been cut conslderab'p Florida, bv the tunnel A drift or. this flure Is locator Trnminoll. Democrat, providing for look from 1000 to 6040 aoon 4o tap a rich vein comexpricd mllra. down hill the the to at right angles ing The mileage hoek legislation wa urged one that was recently cu(. by commerOar traveler and other organTHE RIGHT DOPE. ization. DECEMBER SALES HEAVY. Senate debate waa featured1 by general Chin I trying to avoid. It seems, What Tha followini summary of th reports demands for reduction of railroad rate. I the Opium Door. from four representative department store In Salt Flty covering their business for the month of December, wa today made public bv John csiinmininiiniininnmiiiim nnnimn nmimiinmminimii minmiuiiiiimnci 1921, ferrin, chairman of the hoard and federal Teaerve agent, federal reserve bank of Fan Francisco. Percentage decrease Of net sale during December compared with net sales during same period last . .. SegiFs Specialty- - Shop, 53 East Broadway -- BANK, ELECTS. a Must fJotx Belay Hundreds Are Storming Our Doors Daily . You This sale and its wonderful savings cant last forever. Your opportunity Hundreds of sensational money is now BIGHT NOW. Come tomorrow. savings await you. x For a Smashing 6iean-!3- p A Big Lot of ty iM FORMERLY SOLD UP TO $85.00 Your Choice 4 1 ' H s-- , fv ife. year THATCHERS TAKE TRENTON Special to The Trlhtins DOGAN. Jan. 21 The West f Branch Exchan WEEKLY STOCK MARKET, NEW YORK. Jan. 21. A wav of bullish speculation swept over th stock., market this week, th movement being i,emlnIsceDL-Of..Lha many --feverishly ..ac tive sessions which characterised th protracted war period. Bharea of the Independent or secondary steel groups were foremost In th ad vance, which also comprehended equipments, motors and an- unusual assortment of special Including sugar. Th railway list Issue, wa neglected and oil. In which further price cut wer made, fared only indifferently. Cumulative signs that merger of. tha various Interests In the nd iron trade are aaeuinlog definite form rated demand for auch Block Very much the same reasons applied with equal force to the strength of share of sugar, copper and other companies which rumor of gossip credited with sim- ss YOU CAN GET AN ENTIRE OUTFIT NOW IN OUR FIRE SALE BUY NOW I! ONE LOT Opposite Salt Lake Theater 160 4; to parts of Utah, Idaho, Wyoming and Nevada Our largo purchase superior quality. - 3 Finest of All Fruits and Vegetables 3 GROCERY SPECIALS COMMENCING Es Es Es Es ss S 4. Case Fancy Southern Sweet Potatoes, 3 pounds 20c large First Cocoanuts, 2 for 15c Florida Grape Fruit, lie each; dozen Extra Large Lemons, dozen ' 25c Salted Peanuts, 2 pounds 25c Jumbo Peanuts, 2 pounds 25o Black or White Stew Figs, 2 pounds 2Cc Evaporated Prunes, 2 pounds ; 15c pkg. Cracker, any ort, 2 for 25c Dried Sweet Corn, pound , 34c 40c l Sauce 75c size 50 Colonial Preserves, assorted, jar 15c Dutch Cleanser, can Jell-0- , any sort, pkg 15c xan Skatt, 2 f or . , Case $2.35 29c 35c 34o 30c 25c 63c 42c to . . . - . . W are jEs Very newest models and materials $ 3,4.91 -- day ... t French Coney, Wolf.Gray Foxes and Marmot Mink. For a smash-Ing cleanup at $1.95 $3.95 Fire Sale Price efiS3 D i ; ' FREE DELIVERY TWICE DAILY 11 Tr aria PRICE L SPECIALTY SHOP . ire Sals of Women sm; oiiniiiiimnimminuiniiiimnniumiiminniiiimnmniiimiiiinminiiinmEa Values Up to $20.00 Up to $17.50 zssi SRvircrs stder beef Freeh oyster listing new accounts every Silk Waists Rich Fur Muffs ALL OTHER FURS LESS THAN ; rr 1 One Lot Values to $50.00 11 . $60.00, 25 Suits $1.36 38c STEAKS AND ROASTS val, real lamb, country fed and dressed pork and poultry d Values up -- E 23c " DO YOTT RELISH REAL MEATS? Milk-fe- 0 IferytoFSone Coats Go At . j .24c E3 MEAT DEPARTMENT. corn-fe- d Jlllx, .. ..25c 1 9 Including French Ginghams, Voiles, Organdies, Lawns, Laces, etc. Dresses for evening wear, Dresses for party wear, Drcsses for all occa sions. Buy them at less than cost of materials at $1.95. .....21c b. If you do, try our : 27c Es 30o Bulk Coffee, good for the money, pound Es 2 pounds of Green or Yellow Split Peas bag Extra Quality High Patent Flour H Finest Creamery Bntter 48-l- Values Up to $25.00 24c $4.55 24c 26o $1.27 A-- -- 3 JANUARY 23 ONE WEEK. Extra Navel Oranges, dozen 5 , food, try tho Central for are made for your benefit. When wanting satisfaction and tho host of t.i meet the new era of reconstruction and readjustment Observer of th weeks business were of th opinion that an overwhelming proportion of tha trading emanated from professional source. Active particlpa g. Wa. couldnt afford to buy. C' QUALITY OUR FIRST THOUGHT" Cache day. All the resource and HablHtie will be assumed by the Thatcher Ilrotherx Banking company, of Ixigan. which bank organized the Wewt Cache bank Iq 1917. The reason for th ection of th mJ rectors to close the bank la that institution did not have enough busineea to Justify Its continuance and the recent depression In flnanret thduring deposit have dropped a low at $I0,M0. Th bonk wa not forced to close, according to It president. H. E Hatch, but the action of tho board i merely to guarantee safety to nil depositor and patron of th Institution. The action was first recommended bv the stockholders recently and tho board of director yesterday confirmed the opinion of the dlreitor. C. B. Squire, cashier of the West Cache State bank, will move the effect of th bank to Izogan Monday, where the business will automatically bo merged Into that of the Thatcher Brother Banking company. plana dress, but I 160 Ml We ship to all BANK. State bank of Trenton closed It doors thl evening according to the announcement of the directors, who met here to- ilar To stay away from this sale tomorrow would be equally as bad as throwing your money to the winds. You have probably wanted a coat, suit or 13.0 Percentage Increase ef net sales during December compared with 41.9 net sale during November Percentage decrease of net sale from January, 1921, to December, 1821, Inclusive, compared with net eale during same period last year 16. S Fenentage decrease of slocks at close of December. 1921, compared with stock at close of same month lest year 5,4 Percentage decrease of stock close of Iecember compared with stocks et close of previous month 11.8 Percentage of average stocks close each month this season to average , - monthly net. safes during same period l 439.2 r f Apparel 53ZASTBR0ADWAY he . I |