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Show THE SALT LAKE TRIBUNE, SUNDAY. MORNING, APRIL lilt (r U. S. Farm Loan Bank USES Sett Record in March . WASHINGTON. April 15. Opera- tions of the federal farm loan system were declared to have reached record proportions - during March by Commissioner Lobdell-.o- f the farm loan board In a statement issued to- , For 20 Years land banka during March, the statement showed, closed (787 loans, aggregating 122,248,(50, while the joint stock loan banks closed 3(5 loans, aggregating 3 8,736, 425, a total al . Invest $50 a Month day. Federal Progress of Development Utah Has Several Deposits in Other Pioche Propof Salts; Value of Min-ererties Very Satisfactory. to Industry Is Great PIOCHE, Nev., April II. Drifting o both th eighth end fifth level of the Black Metals mine is being done to farther develop the or body recently struck on the level. Both drifts will have to be run approximately lot feet to reach the son of the ere body. If or Is encountered In both headings, the future of the min is greatly enhanced la . value. The ore now being mined has an average assay content of ten ounces In ellver and 10 per cent fin lead. Shipments to Halt Lake are no go-tforward at" the rate of forty ton dally. --. The - operation of the property, - under of - dames the - ouperintendeecy Quirk, is paying a profit over all exthe penses, according ip management. The Hybla Mining Company la contlnu-- . lng development xratrk on the Li eel Green -- claim hr the Comm district. While-i- t ts - not expected that ere will he struck until the lower tunnel has been advanced feet further on the at least twenty-fiv- e main fussure to the bedding contact of the lime and ehale, at the earns time the fissure vein Is six inches wide and heav- Ily impregnated with iron and manganese. r The Hashl Gregrt TiSsure hah U parallel fissures of the trike to the Lyndon mine, from which a shipment of rich ellver ore, carrying 120 ounces, was recently made. It is planned to continue development for some months until the work has progressed sufficiently far to definitely prove up the value of the property. The third car of ore shipped from the Mascot mine brought a check for 13(00. the ore assaying (6 In gold, sixty-seve- n ounces In sliver and 1 per cent In lead content, exceeding In value either car previously shipped. While the value of The ore was greater than either the first or the second lot, the amount paid for railroad freight was about 3100 less. This substantial Having to the shipper resulted from the reductions recently granted by the Union Tactile railroad as a direct K 700-fo- ot ' - result of the hearing at Canon City last November. Settlement was received this week by the Lloyd Brothers on the first lot of ore shipped from the Alps mine since the d shaft and adjacent workings were made available for .mining, The ore assayed 135 ounces in silver and (I per cent in lead content. The ore was hand sorted from the run of mine taken out In the reopening of the old drifts and stopes worked by' the A further lot will he shipped during next mpnth a new territory la retim-berdn- made available. i Feature of Engineer Luncheon It Announced Dr. Richard R. Lyman will talk to the members of the Engineering eouncH at their regular weekly luncheon Monday noon at the Commercial club. His topic will he "The Present Status of the Engineering Profession.' - Dr. Lyman's talk will be one of a series which are being given with the idea of Improving ' the engineer, both In his own standing of the - line-o- f work -- and also In hta relatione With the public. The luncheon will be held In the gold room of the Commercial club and will start promptly at II. IS o'clock and dose at 1:15. It has been necessary to close the meetings promptly at thl time in order tp accommodate those who desire to return to their offices The luncheon last Monday, which was the first to be held In the gold room, was made possible by the courtesy of the board of governors of the Commercial club In relinquishing their customary Monday meeting time. As a mark of appreciation the engineers filled every available seat at the tables provlded-- Por future meetings it will be necessary to provide additional table on account .of the popularity of the luncheon. KANSAS CITY TKODUCZ. CITY, April 15. Err, better sad BochiDfed. KANSAS (poultry, .WASHINGTON. April H. Although it la perhaps not generally realised that epeom salt, or epsomite, la a mineral material. Its production oonstititte one of the country's important mineral Industries, according to the United State bureau of mine which has Just completed a technical study of the subject.. In a recent year, the production of epsom salts in th country amounted to 23,148 short tons, valued at 81,437,004. In addition, several thousand toils era imported annually, the bulk coming from Germany. Refined epeom salt Is produced in .Philadelphia, liifoimore, Cjtioago, Cleveland. Cincinnati, .Atlanta, Lo Angeles.. Ban and other localities. Epeomtte commonly occurs as white, granular, fibrous or earthly masses, or in crusts; rarely In crystals, states the bureau f mines. It Is a common const it ocean, salt lake and spring waters, from. which it may crystallise by evaporation. It is also formed by the action of sulphuric, sold on serpentine, tale, magnesite and other magnesium rocks. Near Basque, tn British Columbia. Is a series of five lakes containing epsomite, ranging in area from two to eight acre. Theee lakes contain very pure epsomlts, hr pieces forty fast thick,- - covered with water up to June or July to a depth of eix inchea or a foot. Ih th summer the water on top evaporates, leaving a solid surface of hard whit crystal which la sawed in slab and harvested', like lea When the surface layer has been removed, the saturated solution beneath evaporate and form a new cruet, which, tn turn, I In Wyoming there are sevharvested. eral epeomlt locoiiUee, principally In or near soda lake Draw $115 a Month of 831.035, 270, Fcaa-deco- - Utah Has Deposits. Uses for Mineral Many. The mineral Is sold wholesale at a price per 114 pounds f. o. b. the principal markets, for example. New York City. The grade varies more price for the technical than that of the U. 8. P; grade, dud to the wider range of purity permissible. In February, 1922, in New York mar' keta, wholesale price of epsom salt wars 2.65 to (2.70 per 100 pounds for the pure grade and 31.05 to 11.80 per 140 pounds The present for the technical grades are undoubtedly Influenced con price which Imlow at the price by iderably salts are offered for aale. ported German use for the technical grade The principal salts seems to be 4n the tanning of leather. It Is also used in warp nixing cotton cloth; !n loading cotton textiles; Tn dyeing; for weighting silk, paper and leather; in the enameling Industries; in fireproofing compounds; in the manufacture of paints and soaps. The purified or U. S. P. grade Is used mostly In the drug trade as a valuable medicinal product and In the manufacture of mineral waters. Copies of Serial 2333, "Bpsomlte," may be obtained from the Bureau of Mines, Washington, D. C. g).VAVIVAVAVFAW.W;AVVAVVVWAWW.W.W.W.V.tW.fC Earn 6 i and 8 liberty aerie. . incomes. First Mortgage Real Estate Bonds give you 6 per cent during the period of payment and 8 per cent after maturity. - Absolute safety every payment is secured by a deposit with a responsible Trustee.' I-- i r , We also flnaaca Home Builder, Irrigation Districts, Business Buildings, etc. Writ for literature explaining our plan in detail. - Or ' -- gall gh : SECIUES COW Clift Bldf., Salt Lake City. Capital $100,000 vimnrnrrtrn7rvyrairvrYnsri Walker Bonk Bldg. j Sound Phone Wasatch 6888 Investments - - .ISSUES STUDENTS PLUir -- aggregated 89,948, 000. Meyer Reports on His -- Ton' Mill "I Re- cent JTrip West; - Ira provement Is Remarkable Report of th ing company for that there were or and 97( Completed. UUh Consolidated The Min- WASHINGTON, April 15. Business condition In the west and south west have Improved 140 per cent over last fall, Eugene Meyer, Jr., managing of the war finance corporation, declared today upon his return from a aurvey of twenty states of the Mlssls-ma- d at the request of President Harding "Easier money in the east Is bringing money on land mortgages Into the west for the first time in a long while," Mr. Meyer said. Mines- - are reopening which should help conditions In Utah, Mon-Uand Arison. the Agriculturally, outlook for crop planting la a little but this Is more than compensated late, for by the fact of prevailing moisture. There la a feeling that agricultural prospects hav never been so good In years, because of the moisture, and In sections where there has been a scarcity of rain for tha last two years the outlook la and farmers art much encouraged."good The larger banka the east, he asserted, report throughout conditions as much the but Improved, smaller banka are dependent ob tho" outcome of tho rear's na ... sUtement follow; 7' ACTUAL' CONDITION. Loans, discounts, etc ,..34,484,(88,000 Increase. 32,678,000 Cash in own vaults, members federal reserve bank. 512,994,000 Decrease 6,716,000 Reserve In federal reserve bank of member banks.,.. '512,994,999 Decrease 5,715,000 Cash la own vaulU, Mate banks and trust companies 8,003,000 Increase . 360,000 Reserve In depositaries, sUts bank and trust companies 0,329,000 - Increase . mtrr.-.-.-.Tr- .r. 6,000 Net demand deposlU .......3,981,825,000 Increase , 62,516.000 Time deposlla 286,402,000 Increase 16,218,004 Circulation 13,9(4,000 Inorease . .; i$,000 United States deposlU deducted . 46.751.000 Aggregate reserve 530,326,000 Excese reserve 1,848,410 . ...7 Decree 12,715,640 Summary of state banks and trust companies In Greater New York, not included in clearing house statement: Loans, discounts, eto..,....3 4,484,185,400 . note... Increase . Total deposits, eliminating amount du from reserv and other depqsttorie and trust com pan lee banks in Nsw York and United flutes deposit Increase Banks cash In vaults....... cash in Trust companies 678,400 5,628,800 8,900 18,183,600 (64,640 yielded 41,072 pounds of copper, 299,909 pound of lead, 4620 ounces of stiver and 60 ounces of gold. Because of the low price of copper, operations at th UUh Con. property were restricted to exploration on the lower levels of th mine. Or bodies already blocked out were put In condition for economical min mining. Necessary equipment. Including a new min hoist, wa Installed, and th company's new mill near the International - smelter at Tooele finished. All of this development and. construction was completed and paid for, according to th report of President R. H. Channlng, Jr. A small increase was nude during the year in the copper or reserves, but owing to th irregular character of the lead ore deposits, bo lead ore estimates are made. A deficit of 3388,212 Is shown for the year. General Manager Fred Cowah's report says that there is In sight In tha min 837,000 tons of copper ore averaging 1.97 per cent copper, .67 of an ounce of sliver and .04 of an ounce of gold. During the year, a force of mechanics and slectn-cian- a were employed on construction It was also work, Mr. Cowan reports. necessary to have pumpmen, holstmen to and repairmen keep the mine unwatered and ths working of the min In good condition. Mr. Cowan's report also says: During ths year, 2604 lest of exploration and development was don. On the 2200 level east, the main ora shoot in tha upper limestona wa drifted on for 227 feet, averaging 1 7 per cent copper, .013 of an ounc gold,- - and ,46 of an- - ounce silver. Th continuation of th sama or shoot was followed on the 2400 for a distance of fifty-tw- o feet, th assay being 2.2 per cent copper, .02 of an ounoa gold and 1.77 ounces silver. , In th vertical shaft-- slgnal, light and power cables were Installed; tltq head frame was completed above the Craig Ibvel, and tha hoist that was formerly shaft was put tn place. used at ths or from th lowest workings All th will be hoisted through this shaft to th 1600 level, where It will be trammed to the or bin of th main shaft. "Th Nordberg hoist for th main shaft, with a capacity of 1000 tons perTransformday,re was set up and tested. era-wethe- - 6 -- 1 u rm el movM formet5 house and Installation of switches, lightning arresters and wiring completed. Power cables were laid from tha i tunnel to the 1600 level. Ore bin on the 1800 level were built bln with and equipped Construction of the pneumatic gates. flotation mill was completed. The plant designed to treat 1000 tona of copper ore a day and make about ,150 tons of - 1 concentrates. AsseU are listed on the balance sheet of December 21. 1921, a follows; Fixed cost of acquiring properties, a per last balance sheet and additions during year, 31,885,069 37; investments, 8250 chares of Copper Mincapital stock of Anaconda ing company at cost, 3500,000, and Lib83f.OOO, at bonds cost, aggregating erty 3287,7(0.31; 3862.(00; supplies on hand, metal on hand, 3133,190.64; accounU re364.(98.30, ceivable and cash, making curToUl assets, rent assets of 3490,639.25. Capita stock, 31.(00,000; reserve for depreciation and general reserve. 3141,826.17; current accounU and wages payable, 3671,489 21; surplus, - 3924,-84- 14. 821,450,000 10,932,100 27,282,000 47,237.300 Rich Shipment of Ore Made From Quad Metcdt Property Battlement received from a carload of or shipped from th Quad iMeUls property near Frisco gave a net smelter return of 14837 for forty tons, according to Manager Grant Snyder. This ore, which Is the rtcheat In lead content ever shipped from ths mins, assayed ninety-seve- n ounces of silver and 35 per cent lead. Ths shipment was mined from the wins below th 700 level. More or of this class I being accumulated for shipment, Mr. nydsr said. A carload of twenty tons of second-claor ' returned, after ameltar and freight chftqM yjffk f t' 81,707,006 3,064,800 362,815,000 33,238,102 (A Liabilities : 3,941,400 ss ToUl. member of th East high Yea or 1921 shows Dramatks club scored a decided qoce mined 1183 tok of cop-p- er In their presenution of "Clarence, a four-actona of lead orep which t comedy; ti Booth Tarklngton, th - - Clarence, by East High Dramatic dub, Presented Creditable "Manner. Important Development Work Done; New 1000-- PER CENTJETTEU vaulU GUMITEED 8 fc? hmong the domestic group, especially Erie, Baltimore A Ohio and Chesapeake ft Ohior Total sales, par value, Increase Deposits with federal reserve bank of New York Increase Total deposlU month....,..,.. 410-1- two-poi- Gold . Decrease Currency and bank tieveral convenient installment periods. Thirty payments, for example, at 6 per cent aompounded semiannually, would produce a follow: $ 3.10 per month $ 100 15.45 per 500 30.90 per month. 1000 Bond an Increase Monthly Payment Plan i d PALMER Mortgage Ca treasury department contemplated an of certificate of Indebted ness on a 14 per cent basis, the lowest interest rate for this offering In almoet five fear. of the foreign Issue floated here Many during and since the war also rose to best prices for one to four years, with United Kingdoms, Canadians, French, Swiss end Belgian offerings as notable i sample. Chines, Japan, Dutch East Indies id numerous bond ed in the rise, Mexican government 4a and 5a making material additions to Dhe previous weeks upward movement. Easy money also wa a marked influence In the steady rise of domestic railroad bonds, especially the many convertible, refunding and other underlying Issues. Todays bond market followed the strong and general demand for Mocks. In the International division a gain for French municipals was the centra feature. Coaler were foremost .......... -- Income-Fun- plans foracquiring'tneomts of hich-contains- , 40 ' Our Installment Plan of Investing appeals' alike to earners of modest wages and to those of larger Ary from $1,000 a year to $1,000 a monthrin various periods of time. Th Incentive. for this. movement Was furnished by the announcement that th Th Your Savings Building . NEW YORK BANK8, NEW YORK. April 15. Ths actual condition of the clearing house bank and trust companies for tho week show that they hold 31,946,410 In excess of legal reThis Is a decrease of quirements. from last week. on Send for our illustrated book, it NEW YORK. April J5. The outstanding ,!Ieaiur,.jof .lbs- - week. of activity and strength In the bond market wa the crossing of par by a majority of the' harvest. - This will give you an income of tl,380.08 a year as jong as 'you live, and leave the princl pal for your heirs. rr tion at New Low T Latln-Amerlc- In Utah a deposit of considerable else bos been reported near Manti. Sanpete eounty. It also occurs in Emery county. In Beaver county on the east side of hit. Baldy, epeomlt Is reported as crusts and Crevice fiilinga sometimes a foot thick. In California It has been reported in Alameda, Amador, Lake. Napa, Santa Clara and Sonoma counties; In Colorado at several localities In coal mines, in mineral waters, tn alkali deposits and in alkali lakes; In New Mexico, at Estancla county. Bpeonrtte-l- s relake, Torrance ported in limestone caves in Kentucky, Tennessee and Indiana. , Epsom salts are also produced in this country aa a byproduct In tits manufacture of common alt hy the evaporation process. Before the war Germany was the largest produoer of epeom salt in the world, tn 1905 produoln (6.BSI short tons, and in 1313 exporting 10,(71 short tona There an two grades of epsom salts commonly produced and marketed, the U. 4L P. grade (practically chemically pure), and the technical grade, which Is at least 00 per cent pure. The salts are sometimes 'shipped In burlap baga but. usually in wooden barrels. 'at to T Certificate Flota' rea-ury- For the Rest of Your Life This it what you can-d- o under our plan of systematic , investment. By investing $50 a month at an average rate of 6 per cent and the same rate, in reinvesting the interest 20 yeara you will have a fortune of $23,016. E Riae Attribute f . , ' Special to The Tribune. 16, 1922. 3. 33.238,108.62. VKOUAAUE BAIKY rXODVOK. - (Qsetatleas by Mutual Creamery Cmp."7 1 Case Iota Fresh extra erseoery buttes Is 66- 3 ,82 pound cube Fresh extra creemery buttsr is curton ,g5 Fresh extra creamtiy butter, pueb- sieut prints ,4 Fresh tints cmsmsry bettsr la cr- - at th East high auditorium Friday and Saturday evening. Tha play marks ths eighth annual time th Dramatic club of th school ha presented a drama. Jt played to large audience this week. Hairy Allan, who took the part of Claranca, tho malo lead, delighted th audience with big interpretation of thl difficult role. At the start of th play come to th office of Mr. Clarenc Wheeler, a millionaire, to apply for a position. Clarence baa been In th army and appear in a dilapidated uniform. Hi queer manner of speech and actions draw the interest of Bobbie, Mr. Wheeler's on, played by William Arnold, and Cora, Mr. Wheeler's daughter, played by Kathryn Blackett, and tney persuade their father to give Clarence a position at their homa Vaughn Van Colt took the part of Mr. Wheeler and handled his part of a tired business man In s manner. Clarence Is Genius. Arnold took the part of Bobbie In a way - which cannot he criticised. This boy deserves considerable credit for his Arnold is a natural actor and acting. was always at ease on the stags. At the home of Mr. Wheeler, uartnet proves himself to he a He fixes the plumbing, tunes a piano and plays a saxophone. Oora, who had been madly tn lov with Hubert Stem, a grass widower, at one transfer her affections to Clarence. Miss Blackett, who took the part of Cora, drew considerable applause with her actions of a young girl of th flapper" age. At ths Wheeler homa the family Is continually quarreling ever mere trifle. Mrs Wheeler, a middle-age- d lady, was taken by Clara Neibaur, who seemed especially fitted for this role, Clarence has a quietening effect on the Wheeler family and succeeds In calming the family. i' Violet Pinmey, a governess, Is played by Jeanne Garrett iMiss Garrett with her quiet and dignified acting, took this part in a very excellent manner. Hubert Stem, who really loved Miss Finney, but gave a his reason for coming to ths Wheeler home a desire to see Cora, wee played in a creditable manner by Ed ward Smith. Clarence succeeds in break d love scene 'between big up a Mr. Mem and, the govern, wno doe not Ilk him. f E To a Reputable Business Man or Men All Ends Well. 1 - MM-UlDLEfnlMIG- one-side- Th Wheeler family, after th family squall ar quietened, turns to an argument concerning Clarence's name. Mr. Wheeler claims his secretary, Mrs. Marti n, piaj ed by Baroarg Bacon, assured him that It was Smun; Mis Finney claims it is Moon, and Cora claims It Smart. While argumg over hls name. Hubert Stem appears with charges that Clarence Is a deserter. Clarence clears himself, however, by Showing' that hi name is Smith and that hs la a noted zoologist, his hame appearing In "Who's Who." The play ends in the usual way, with Miss Finney and Clarence about to be married. Mr. WheeJer deckles to send hls troublesome children to a boarding . chooL The other members of the cast are Dinwiddle, played by Whlkney Young, and Della, played by La Beta Creer. Both of these characters are servants In the house of Mr. Wheeler. Musio for the play was furnished by an of high school stuaugmented orchestra dents,. undsr tha . direction - of Adolph Urox. (Mias Nellie K, Brown, ah East high teacher, directed the presentation. Edward G. TUlon. an East high alumnus, and Henry Armstrong, a student, had charge of the stage. They were assisted by Mao Story, Robert Diehl, Oliver Paris and John McCarthy. The settings were arranged by Mies Mary vMavne, Mis InA Nichols and Miss Rene Olsen. , MOTOR CARS and TRUCKS . ' - This complete line of one of tha fev really dominant makes ia vaQ established throughout this territory, haring been sold heroin many years. In Salt Lake City alone are numerous Boosting Owners; can which hare traveled orejr 300,000 mile. These vehicles have no equal from the standpoint of mechanical excellence, durability, economy and comfort; 'there is no better ma chinery in a motor vehicle at any price. - The same the with Administration Factory, for ever 30 years, ia tremendously strong financially: Net Worth over $42,000,000.00, which includes only fl.00 for Good Will, Inventions, Bights and 'Franchisee; Current Assets to Current Liabilities 10 to L Local territory comprises Utah, Idaho, Western Wyoming. Applications will recelva earnest consideration It mailed at once to FACTOBY REPRESENTATIVE, Box 717, HOTEL UTAH. th luwest-govaunn- ant - , & : i 1 i 5! t . THE ROCHESTER MININQ COMPANY. Notice of Spoolal Stockholders Meeting. . Notice la hereby given that a special - toes- m ,D iiillH meeting of the stockholders of this comFrtsh firsts ersamsry butter, ptreh- pany will be held at the office of the aieut prints ,n CERTIFICATES OVERSUBSCRIBED. secretary thereof at room 803 In the Cooklst buttsr la cubst .,,,, .j; lt Lake City, building In 16. fresh WASHINGTON. A gsleelsd April lfs heavy Bamberger ,jj oversubscription of the at the hour of 2 o'clock p m. on new treasury Is- Utah,12th 28 lunch eggs 1923. the for the purof day 3 May. ere Vb in chess, triplet sue of Full ,20 percent, certificates, pose of considering the ratification of a Full erssm cheese, Younr Americas ,,,, " tha tntsrsst bearing contract for of the the erssm sale Full company's ebeass, 8 jxjoni squares .... ,2i rate since 1917, was announced tonlgbt the board made Block Swlec rlieeeo heretofore property ty by Becrelary Mellon. Preliminary re- of dlrectois, Crones brick cheese ports. he stated, indicate that the total (Seal) H. G. M MILLAN, will subscription aggregate over Com- e EVERY LITTLE HELPS. for the Issue, which was for about Secretary the Rochester. Mining 8 ' . Polly I cant make up my mind 3150 000.000. Kny. s374 1922. U. April whether to marry for lov or for money. All tbs federal reserv districts, he said, DoUy Well, love is b'lnd, but money have reported oversubscriptions of their any rate, New York Bun. TRIBUNE WANT ADS GET JRESULTaJ. , quota. , ,t I NOW OPEN WARNING! Protect yourself against dishonest broken. Be suro your account is safe. Before buying stocks or doing business with irresponsible broken consult our INQUIRY .BUREAU. Our weekly- - paper" costs fS.OCT yearly. Sample copy mailed on roquesV Investors Guicb 2 Rector Street. Established 13 New York. years. |