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Show V THE SALT LAKE TRIBUNE, SUNDAY MORNING, APRIL 23, U WELL ATTENDED that often the management of mining companies Is as much at fault as brokers. Payment of exorbitant salaries to officials, failure ef oompenlee to meke annual reports to to keep their stockholders informed of the physical condition of the mines, "secret mining, manipulation of stocks for the benefit of insiders, were some of the malpractices of operators scored by Mr. Child. Publicity Needed. ItETpEi Mr. Child emphasised forcibly the need t of advertisement of the mining resources of tbs stats. While other lines ef bust on aggressive Bond Issue $180,000 Dis Coopera ness had been carrying publicity campaigns, brokers, with few fallen Into had snd operators Min aexceptions, Manifested $4600 Preposed stupor and lot the Investing public forreget that Utah had asIn great mineral and the country, as any stats Is AfFectec Committee Luncheon. sources that the mining Industry was the bulwark of the community's prosperity. criticism of Suspension of destruotlv legitims to mining projects and a new Pro- aplrlt of cooperation among brokers and ELKO. Nov, April SL With a pro Need Activity by Mr, Child, in mluni of $4900 over and above the par operators were urged value and scorned Internet, the $10, 000 closing, he assured the mining committee Investor thatwmembers of the exchange would at- issue of Kike city waterworks bonds was of tack the problem of eradicating many the abuses which had sprung up as a sold yesterday to the Hanchett Bond of nonenforcement of Its constitu- company of Chicago, its bid being the Progress Is Shown. result tion and highest of etx that were opened by the The outcome of the session was the city supervisors is session for thst purunanimous adoption of a motion empowA cordial iplrlt of cooperation ana ering Chairman Cook to appoint a com- pose of the CommerThe purpose of the bond issue Is ths cloie and courteous Interest were mant mutes of three members cial club mining committee to convene fested yesterday by capacity audience with the board of governors of the Salt purchase of the present privately owned system, the cost of which la $100,000, at the Joint meeting of brokers and the Lake Stock exchange regarding measures whereby interest In local mining ven- the balance of $30,009 to be used for exCommercial club mining committee. atlmulated.--be may tensions and Improvements was opened by Chairman F. B. tures for, the joint banquet of the Com- Plans more than a year has been A delay . , Cook, who recommended that the stock o.TH.w through the fact that a special and election Was demanded to authorise (he exchange require annual reports of all Salt lake mining companies listed on the local April 9. at 30 p. m , at the Commercialto bondsu, and, after the auceesful election according of laet year, tfh matter was referred board, that all tradlny by board members club, have been completed, It Is to the state made by Mr. Adklnson. be confined to transactions during reg- a report supreme court- - This tribunal -ular sessions of the market,' and that the- - deslre of the committee that any handed down a favorable decision in Febbond issue was at last central place registration for stocks be person interested In the mining Industry, and the ruary whether from the standpoint of Invest- authorized. provided. On of the Interesting features of the H. A. Strauss, who followed Mr. Cook, ment or actual activity, la cordially Insaid that the present lack of Interest was vited to this dinner. The Invitation la opening of bids waa the fact that the to present owner of the waterworks, W. T. due, ho believed, to financial conditions, so broad that It la extended hot only which are rapidly Improving, and to the engineers, metallurgists, promoters, brok- Smith of Reno, offered to take the bonds himself in payment for his holdings, and fact that the public had lost confidence ers and mlna operators, but to mining rt the- local - exchange because a definite equipment supply man, prospectors. In- made the- - second- - best offer 'theslx In bids Interested in That were opened. He offered a adperson Tact, vestors, any been ethics had not of business code repremium of $190$ above gar and accrued hered to In piansmtases In the past trans- the development of Utah mineral actions of member brokers. Mr. Strauss sources. Governor Mabey, who has ac- -Interest jplll be. It. la Other bidders were Bosworth, Ornate urged that more consideration be given cepted anoneInvitation,, Co. of Denver, par, with accrued Inof the chief speaker. to this Important phase of all business planned, terest and a premium of $350; Ben well, activity. Fhllllpe h Co. of Denver, par, with ac Promotions by unscrupulous operator orued interest and a premium of $085; were aacrlbed by H. M. A1 kin son as havKeeler Brothers ft Co. of Denver, per. ing Injured the Utah mining industry In with accrued Interest and a premium ol Mr. Investor. eastern of the the eyes $1080. There waa a special bid of $10,300 Adklnson related Instances to prove that An anoburaglng showing of or has made for ten of ths bonds by Judge E. S. such promotions had redounded greatly of Carson City, a former resito the damage of legitimate mining proj been opened up ta the South Hecla mlna Farrington of Elko, which was at the highest ects In the etate. To ameliorate such a about a mil west of the shoots opened dent rate of bid, but was too small a any condition, Mr. Adklnson recommended the old hustler work- number to be considered. that publicity be carried on to show what up at depth below In speaking of the sals today, on of Utah mines have done and to give as- ing, according to Manager Oeorge H. bond salesmen stated that the city surance that all mining promotions in Watson, who visited the Alts property the has made a saving of $14,000 through the the state would be honestly carried on. during the week, The new strike has fact that the bond were disposed of this been made In an upraise on the Skipper yeas rather than last, when the market flexure system at a point about $000 feet waa so low. Cooperation Urged. from the portal of the Dwyer tunnel and exstock between the Cooperation at a depth of 700 feet. APPLE RATE SUSPENDED. change, mine operators snd ths state seFlor a considerable distance the raise, curities commission for the best Interest now WASHINGTON, April 2$ Increases In eighty-fiv- e feet, has been 'In a of the development of Utah a resources medium-grad-up e carbonate ora through rates on apples from the north was advocated by H. C. Micks, secretary which is oh both sides, Mr. Pacific coast to eastern consuming points, out bedding Mr. Watson said of the state securities sgnmlsslon. which would have become effective May yesterday. Hicks adviced brokers to work with the to develop this 24 under railroad alterations in existing Mr. plans state securities commission to put an showingWatson schedules, were prevented today at varioua points freight end to bucketshop" tactics, which had where thebyoredrifting of making by the interstate commerce commission, promise gives but the not Injured only the exchange, proposals sua of favora- which ordered the railroad large deposits in the beds until August 22. An investigation mining Industry. ble limestone. Discovery o t ore In this pended 111 Hereral brokers took part In ths Infor- heading, according be Instituted in the meanwhile to to Mr. promWatson, From ises to augment the production of the determine the reasonability of the admal -- discussion which followed. vances dies various expressions, it seemed to min considerably. oe the consensus of opinion that the Ths increase In the rates would have In the workings leading from the had the stock exchange machinery, that Quincy tunnel to the ground underlying resulted from the cancellation of through is, the constitution and whereby the Rustler territory Important work Is rates now In effect, which In most cases a general readjustment of abuses could being done In the way of building chutes, are lower than a combination of local or be accomplished, providing a spirit of cleaning out drifts, repairing the track joint rates. f Ths time for ths hearings has not yet and putting down new steel along 2500 cooperation wav awakened. been set. 3 pointed out by W. H. Child feet of the main adit. of Cordial Spirit of at tion 4 New Underwritings During for and by-la- . , - New Ore Showing Struck in South Hecla Property lead-silv- er s, - f Week Approximate Hundred and Fifty Million. mium; Saving of tection of for NEW YORK, April 12. There was no abatement in the demand for bonds during the week. In which new underwritaside from numerous nominal ofing ferings, approximated fully 8150,904,900. Greatest gains waa mad by many of the rails and utilities. Liberty laeuee and several of the International war offering reacted moderately from the previous week's record .prices- - Exception to this trend were shown, however, by Mexicans snd several of the French group, which held or extended previous gains Ths strength evinced by convertible and refunding Jasuea of The traversing southern and southwestern sections ef the country gave color to the belief that consolidation, of various prop, ertlee are Impending:- - V- -" These same Issues of other roads Including some which have weathered their period of reorganisation, seemed to justify reports thst current sod prospective earnings will soon rebound to the benefit of bondholders Todays trading waa made up largely of local tractions especially, Interborough Rapid Transit Be, Interborough Consolidated 414s Third Avenue adjustments Hudson and Manhattan Income ts and New York, Westchester and Boston 414a also showed pronounced strength. New Haven a and Southern Railway 6s were prominent among the rails. Total sale par value, aggregated n B B B 0 fl fl n g; B B B fl B Once Again We Say Brunswick V H B H fl B fl fl fl fl fl fl fl fl fl Exclusively fl 5 fl B B WE HAVE DROPPED THE VICTOR LINE wm hwm fl ' fl B B B B "Y i ' For the second time, we find that the BRUNSWICK outsells any other Phonograph, when played side by side. B B -- Another Real Home Colonial design, with iouthem exposure. Attractive entrance hall leading to great fine living room beautifully finished in white enamel; oak floors. Kitchen also finished in white enamel The bathroom is the charm of the home. Three large upstairs The home nicely decorated bedrooms, also polished to a fine finish. Lot well improved. Cement drive and garage., Price throughout $6500. First; we added complete line of Columbia Grafonolas, but the Columbia- - Was completely outsold by the BRUNSWICK. fl H B B B B 1 Next we added the Victor line of Victrolas and Records, but again the sales were overwhelmingly in favor of the BRUNSWICK. fl B fl fl H H fl fl fl fl fl fl fl fl fl The Progressive Methods of the Brunswick Balke Collender Co. have placed Brunswick Phonographs and Records high in the Publics esteem in an amazingly short space of time and after careful consideration we decided that the only logical policy should be fl H fl fl fl fl fl fl fl fl U fl fl U n I rrr nnnnnnnHnflflBflHflnHnflnnHHBflHflnnflntmnnflflflfl u fl fl fl fl efl !n fl fl fl fl fl fl ffl- H H H Brunswick 100 fl fl fl fl fl fl fl fl fl fl fl fl are convinced that the of Reproduction and its all records make it the of the Age. THEREF ORE, We Brunswick's Method adaptability to play greatest Phonograph fl fl fl - no solmahi discounts etc., R MICHIGAN AVENUE fl fl fl fl In fire brick home on paved street. Home, occupied by owner for six months. Illhess of owner now forces a quick sale. Front rooms finished in oak and gumwood; bedrooms and kitchen finished in ivory Bathroom tile with fine quality of fixtures. - Full basement and big amusement hall Screens, blinds and linoleum go with the place. Rigid inspection invited. Price $6700. A few hundred dollars down will secure this real home. An. Cash in own vaults, trust companies $371,000. - OFTHE FINEST SUBURBAN PROPERTY EAST OF HIGH SCHOOL, WHICH WILL SOON NEIGHBORHOOD IN BE OPEN TO PURCHASERS AND WHICH WILL BE IMPROVED IN THE MOST MODERN MANNER, WITH EASY GRADES AND Sensible building restrictions will safePLEASING HOME AVENUES. WJ5 OWN FORTY ACRES guard your investments in this neighborhood and add to the comfort " snd happiness of your family. deoreaes $7,430,000; Mitoii-ftmlat- is increase, $50,-00- MONEY FOR 0. yiZMain Street deposits deducted, $79,413,000. $541,837,000. Aggregate reserve, Ex'esa reserve, $S,$7'0.270; - We are in position to give you the best bargains that can be offered in either Yale Park or the Gilmer property. If you 'will, enjoy the attractive features of a country home with plenty of dhade trees, swimming pools and a large lot and still be in thedty,buy in this attractive ' ' neighborhood. 111 182,000. U. 8. m YALE AVENUE AND GILMER PARK HOMES state' banks and $24,004,000; five-roo- y Reserve In depositaries, etate banks and trust 'companies, $9,648,000; increase, $319,000. Net demand deposits $4.01$, 87,000; decrease, $32,142,000 Time deposits $298,244,000; Increase, Circulation, in--a i Increase, $524,659,000; exoeptional-bu- y $ reserve bank of federal banks NEAR GILMER PARK , $4,519,715,000; $11,566,000. fl ,11 f Anaconda's ooppsr refinery at Great Falla la turning out 12,000,000 pounds of ths red metal monthly, against capacity of $0,000,000 pound Operations per will bs Increased steadily. Anaconda has In mind ths doubling of ths capacity pf this riant later, Rod and wire works of Anaconda are working at (0 per cent of capacity, having been increased during the past sixty days, and from inquiries being had a further Increase in output is looked for. Anaconda now is really dominant in the wester wire field,- - - Soma- -' 11,000,000 pounds of wlr have been shipped to Chile and Peru and from inquiries had It mors South American that probable shipments will be made The entire Pacific coast wire trade Is now in the bands of Anaconda. Even the orient Is being heard from, and In Anaconda circles the prediction Is mads that with gradual picking up In the wire business, the Great Falls plant Is certain to be operating weH beyond the short time present output within With a resumption of production at Ore and Anaootida mines, operaHigh tions at the Washoe smelters at Anaconda. Mont., sr being Increased. Firm have been built under No. $ reverberatory furnace, and the crews In the reverberatory plant have been increased. Latest increases at Washoe works win afford employment for several hundred more men. Starting of High Ore and Anaconda mines gar work to about $09 mors men, J WEEKLY BANK STATEMENT. NEW YORK, April 22. Tbs actus condition of the clearing house banks and trust Companies for the week show that they hold $8,979,279 In excess of legal This is an Increase of requirements. from last week. The statement follows: ACTUAL CONDITION. fl fl Reasonable down payment. dertaken later. Reserve member fl fl fl NEAR FEDERAL HEIGHTS 9 out-putti- Ikon w2- -- -- Operation of Anaconda's xlno plant at Great Falla, Mont, are at capacity, from ,000.009 to 19,909,009 pounds a monthly. In ootiseqttenoa of Butt Superior baring regained its normal production stride,. according to the Boston New Bureau. ThJ output will suffioo for some time to come, but the corporation ha In mind an expansion of its tno production, and an enlargement of Its Great Falla kino work will b un- H fl fl nr- l Operations at Butte Mines Are on Increase fl H PROPERTY ' W Here ia a pleasing residence east of liberty Park, built a few year agtr own bomer Tbe honse is of ent stone' and brick construe-' j j tion, with hot water heat and hardwood floors on the first floor-- all large and well lighted rooms.' Four bedrooms upstairs. Fine full basement. Big lot with beautiful shade. Above all, the home is In one of the best southeast neighborhoods' and oil paved' street. Price Terms -- if desired.; $7500. .... T , Increase, $24,120,000. . Cash in own vault, members federal reserve bank, $61,714,000; decrease, $681,-00- 0. fl - I WORTH-WHIL- E -- -- - r- ,vV)r Cl u 1 flflflflflflflflnflflflflflflflHHflflflflAflflflflflflflflflflflflflflflflfl j Ij of at ing 1922. ' HOME-BUILDI- NG Salt lake City CWasatch 123 increase, Summary of etate banks and trust companies in Greater New York, not included In clearing house statement Loans discounts, etc., $641,214,100; increase, $8 470 8(H). Gold, $5,410,100; decreass $18 700. Currency and bank notes $16,036,100; decrease, $147,600. Deposits rith federal reserve bank of New York. $63,741,600, Increase, $1,034,. 600 Totalfkposlts, Inareaas $076,660,200; build a $13,900,000 tube jnill 1b theGry Total deposits eH mlna ting amount district was 4(0 trade circle aa aue from reserve depositaries and other a elgntficant regarded The slight development. bamks and trust companies in New York dlaturtunce to International currencies and United States $629,019,000; Increase which followed announcement of the waa cited a strong $7,640 400. pact Banks cash in vault, $26 827.400. proof that the foreign exchange market It Trust companies, cash in vault, had reached the stage of stabilisation. la understood that, barring unforeseen events, the request of the European WEEKLY FINANCIAL REVIEW. powers that Amsrtcan financial Intereata NEW YORK. April K. The financial be represented on the Interallied reparations commission will be accepted. market evpertenced another week of Unary activities, reg&rdleae of naMETAL REVIEW. tional International and happenings which In normal times might have acted NEW YORK, April $$. The steel maras deterrents to speculative enthusiasm. ket oontlnue active and prices ere firm, Despite the extension of the coal strike alth an upward tendency. A good deal and Its effect upon Industrial production, of the but in movement Is undoubtedly end the Genoa conference with It unex- due to the coal strike, which Is a menpected complication, the stock market ace to the fuel situation, producer are advanced to higher ground on the largest till showing a hesitation about booking transaction of any similar period In ahead. Pig Iron waa strong on account three year. That the enormous of the better demand and the fuel sitturnover represented to a disproportion- uation, and price are advancing steadate figure the operations of professional ily. Interests waa generally conceded. comparatively Copper has remained It waa also 4elleved, however, that quiet, but no selling pressure developed public participation figured to a greater and prices a ere well maintained around extent than at any time alnce the boom the 1214 cents level, with some producers markets of tbo world war. asking ar. advance of H cent for forThe bond market kept time with the ward shipment. Less favorable views as Hat. eet the stock to ths outcome of the Omoa conference lively pace by New Issue for the week, exclusive of appeared to restrict business early In that hhe week, but later sentiment 4 varioua fnmor underwriting, approximated 8150,000.900, and total offerings for connection was more optimistic, owing the current month already exceed those te firmer exchange rates and advances In of March. London, while there was also some Inexporter: Money conditions were a greater factor crease in the inquiry-fro- m In the advance than at any previous peTin waa quiet with little change, arfd riod of Sis movement. In the open mar- the speculative rise in London' received ket cell loans were perfectly peggy" Scant notice here Lead waa advanced to at IH per cent, but even this low rate 6 19 cen.e5 by the leading producer end to 39 cents by cutslds Interests waa shaded In many private negotta-.tton- a 1 10 to Tim fund for one to three Consunrng demand continues large and ' months were obtainable at 4 per cent, al- general. 7 Inc la firm. Domestic demand has though quoted at 414 to 414, end bank accepUncea and commercial paper rates been light because of fairly good supplies relaxed Aside from the coal strike, an hand and the coal strike, but opgain were reported in many branches ot erators are buying, producers are In a burinnss end manufacturer and foreign firm position and foreign advices report trad prospects brightened. Price sched- firmness In the FngUsh markets. Antiules for Iron and steel again Were sub- mony shows continued firmness and the jected to upward revision. The deolalon market advanced to 5c, at which level qf the United State Rteel corporation to moderate sales occurred. , Russo-Geim- ex-tra- or SPECIAL on GLASSES r READING GLASSE3 8 p h e rical lease. et t At Monday, Tuesday and Wednesday Bold tilled frame, fine ease, complete examination, guar a n t e ed satiafae-tor- y. Special f I W j r BIFOCAL Daub glasses, la vision spherical gold filled or shell frame, Includ- lenses ing examln a 1 1 o n and case, complete V $5.tf r TORIO . BIFOCALS Genuine deep cure T o r I c Bifocals two pairs In one spherical la n a s, gold filled frame, exam Inatlon end case complete, ape-p- i! - v $3.75 f j Optical Department, Main Floor, Broadway Entrance Charge customers may hay their glasses charged duplicate broken lenses quickly w save you time and money I |
