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Show ..THE SALT. LAKE TRIBUNE, THURSDAY MORNING, GASOLINE tALLEY METALS. s Coppsn-ep- Fsrslgs silver (la hew Terk) eat St. lads Spelter livery, spot) Silver (la leedsa) X JUNE 81022. . THE - WIVES . HOLD A SESSION -- 154018 Tl Lead I0IDEE de- .....M5.3506.49 .1644 Management Decides to Ex plore Rhyolite Forma tion Below 500 Level ManiurcsBant of th Hudson Mining and Milling onpny bu derided to oink the main working abaft on the' property- alt natod at Hoyuton about twenty mile north of Tontgish, N ev., from the too to level. This dads Ion has been the made alter the property had been ex mined' and reported upon by engineers and geologists of wide repute Starting of this work will revive the Interest of leasers In the camp who have been holding back to tee If the company would continue elnklng and thereby demon etrate faith that the ore veluea extend to depth. level was reached, When the practically no work waa done upon the vein at that depth. An upraise was mere ly put Into, the - vein, which, due to faulting, lay above the Inclined shaft. .'What little work wae done proved conclusively, according to Secretary Treasurer A. H. Jones, halt Lake metallurgical engineer, that the values at this depth were riohsr than on the upper levels has been done on Inasmuch as the upper levels of the Hudson shaft In and aa the rhyoa very tight lite, a much looser and more favorable formation for ore placement, ifoa below . the levels, sinking of the shaft will be done In order that the lower horlsone may be thoroughly prospected. Officiate of the company believe that the richer and more extensive mineralisation will be found In the rhyolite. Aldeposits have el though largo enough In the upper levels ready been opened UP to make the mine a profitable producer, examined the propwho heve engineers, erty, that the btrge production will some from the formation at depth. level, Lateral work on the e ore wee where a shoot of very lie will euepemled In opened up recently, order that all possible speed may be made in deepening the shaft and that development of showings on upper levels may be accomplished on the too level hi the Securities, However, Display Good Condition; Altas Advance. Leading - KXk-fo- -- Activity on the Salt Inks Stock and Mining exchange yesterday was restricts d to an extremely narrow baas. During the first session about a dosen stocks were active. On the last caH this nunjber dropped off to seven. Leading stocks displayed excellent condition. Alta Issuer were Improved. - Co. lurnbue-Rexa- ll advanced to M4 cents and Michlgan-Uta- h to SDH cents. A total of fbOOLmma was sold at 114 cents. Expensive Issues were aggressive, al though trading was limited. Silver Klni Coalition rose to . ariose of 42.1714 am Tin tics Walker to 12.15. showed no change. Quotations follow: 400-fo- ot time-sha- rrocKi. LUTED Bid. lAeked -- rhyolite Operations of leasers on the same vein system, which have been proven oreIn bearthe ing for two miles, are resulting e ore opening of some very accordHolders of the Belt a lease have report, ing to Manager W. H. Jtoyeton ore on the dump of 1121 ve of Another ore tons and forty-fileaser. Logan, has eighteen tons of I ltd ton-opiled tip ready for shipment.forty-fiv-lh e lease there la the ManteU-KIncatons 'of ISO ore. Hoad renditions, beaus of unfavorable Which have been storms, are improving steadily, It is said. high-grad- re id Minerals Separation 'Receives First Payment ' t .0! Miller U1U May Day Co ) follows: The company during Its twenty years existence has paid 1 18,798,911 10 In cash dividends on a total cash Investment of 141,000,225. The dividends paid have given stockholders 5 per cent per annum upon the entire cash Investment for the full twenty years returned to stockholder! the entire cash investment end-pa- id over to stockholders over In excess of the entire caAh investment and 8 per cent Interest thereon .for twenty years. Assets Large. After this enormous return to stockholders, the company owns twenty-fiv- e smelting and refining plants, eleven mines of silver lead, sine, copper and Iron, five eoal mines and operates four other mines leased or partly owned by the corporation. After all deductions for depreciation and ore depletion the of these properties, which it is believed represent their value. Is set at In other words the corporation owns property with a clear value of 51M.000.000; equivalent to par for. both the common and preferred stock, and as a surplus of 517,000,000. The slump In the pries of the metals following the signing of the armistice worked a, great hardship on the ,oom-- 1 may, Senator Root's report reads, and he wtadom dlsplayed by the management In xtrlcatlng the company from a difficult and dangerous position, with great d stocks of capper stored up is favorably commented upon, Laka Copper ,,Im ev Mass Coe Lata -- Copper .... Butte ,tlkobtek 1 ' 4 North Nlptealng New Oeraelis Old Dnmluloa tPoad Creak i Quincy Shea Ifaehy h Sup k Bustos Sup Copper - Tuolumne Utah Apag 'tCtah Cons yrCtab Metals . I fSkaaeoa fit 1 1 Mary OPENING SALES. e. Big Bill, 500 at Columbus Rexall, 200 at 284c. Emma, 4500 at 14? East frown Point, 1000 at 24c. Eureka Lilly. 2000 at 8c 1500 at 4e. Prince, 2000 at 54c Wlw King Coal., 500 at $2 15 Bllver King Con , loo at 48c. Tar Baby. 2000 at 14c. Walker, 154 at $5 53. CL08IN0 SALES. Colusibas-Bexa600 at 284c. Crowe Point. 100 at 44e. Leonora. 100 at 14c. North Standard. 1000 at 4c; 8000 VKUSTZb POBEIQB OOTEKVKXIR1 BONDS. (As Reported by J. A. Bogle k Cn.) Bid Asked. BAB SXLTXB, HIV TORE. June T. Pereira Maxtcaa della rn, 544c. Tlt bar tUver, Whit is Safer Than a .GOOD .GOVERNMENT Q0ND? - Industrial, PkMto tTUltty and Railway Corporations most earn NET ' PROFITS to make their stocks and bends attractive and tsafe to tha Investors Governments have the taxing -power to bo used la raising revenues. The .bonds of a government which balances its budget annually are a good investment, such aa ! f Norway. 3 Vat 59 per . 20 which offer a eery large profit roast bfll ty. Par value la 5M.50. previous to .the war. they sold at a premium. Fun Information on tofjulry. J.A.II0GLE&C0. Sett Lake City Ppcstallo Css Angeles l-- l-- .Ogden GIF -- AAN FBAXflXSOb 2BNIMG 'IT9CXB. A. Bofle A Ce.) -- '(As BepeHed by 'J, TRADERS Bid. high-price- Management Successful In closing his statement, tianator Root made the following statement: "The re port of the majority of the committee and the material prepared by their accountants and counsel and annexed to the report contain no charge or suggestion of graft or dishonesty or speculation In the management, or In the multitude of employees of the company. Nothing was concealed. The committee further assures ua that the business at S4e. management of the company hhs been Silver Kin Coal., M at successful and that a highly efficient orSam, 1000 at lc. ganisation for the conduct of Its busiEast Omwa Foist, 1000 at 24. ness has been built up. That could not raesibly be true of a business adtnlnls-ratio-en- n INVESTMENT SECURITIES, continuing for twenty yearn A. A Co J. by ) Bogie (la Beported gaged in many and varied enterprises, Bid. j Asked. recahrlng nnd expending enormous sums the services of Bankers Treat 2150.00 2160.00 of money and engaging were not the Columbia Trust 1.00 thonsands of employees, head of the great InDeeuret National 2M.00 372.50 management at the characterised stitution by Integrity and tos.oo Pint National of Ogdoa honor. Deoeret Saving 203.00 Natl Bask of Ropublla . Natl Copper 1M 00 . 06.00 Security State Bank .. 130. At Itah State Natloeal Utah Bavtnae A Tract . 06.00 Walker Brow. Bankers 84. M 206.001 Sloe's Savings A Treat . I SIM 8TRIAL 8T0CKB 3 86 Amalgamated Sugar O pdd 60.50 0tm Wifoo .........,,,H.(M, 63.00 320.60 Hnt Tin ImOmI .47 Ixiipudint 206.00 T Id a sjs a WlB Uor(ft Ml BtitM 60.00 TAT Ool ... Itah-idarUtfir Utah Fir Clip tUI Tt 4 Li 1st M 100.00 127.00 06.00 227.00 .06 70.60 06.00 10.00 60 16360 lOiaOO 01.00 .6 .36 66.00 M.00 .62 .30 b 0 157.00 0 Standard Z 220.00 fd I iMMMitiaieiMMIt U Fort 7n pfd Walker Bm Dry Goods J 00.00 .64.00 lU.OO-LUgO- 78 ..... 600.00 HONDO. Oemmerelal Clot 0 L tock Kx 6 1030 BtuAriOoil A UDt 1K28 t'tib'IAlit 6vfir ' bugak NBW'TOHK, Jim market m ftm yfOO.OO -- 7 06.00 S3. 00 7.00 00.00 101.00 64.60 66.00 60 nuxn. T.A-T- ,d 6cl-iv.in- - POTATOES. T. Potatoes, fine; receipt. United States sUparate, 471: can; total flsesesta .sacked sraad wWHea 82.1500 40 wt. I MtcMsee, sacked sad balk seesd whites, 82.2P4E40 cwt. ; sew stock, sUfhtly weaker ; Aloksioe-- 2 tolsss eecked-BUe- o Triumphs No. 644XH54-2cwt. ; Texes sacked Biles Trip' Seetk Celo-I- I pfce No. 1. .beet at 04.00 cwt. ns elat barrels .frisk Couriers No. 1, $7.00 CHICAGO, jrrw to xx pxodoce. Vtw TORK. Jeee 1. Butter, etaedy; creamery kitber Ikes extras. MaMItc. Thor t aAt '17IOOO-extra fiolsbed, pi Brrs,. Inecwlar; Cnbu and alto 76 000 Mf at Porto lkia th 2040274a latter for Jim iblpnrat to per tare it 4 60. Cheese, firm; state whole milk Oats fresh A Canadian refiner hong hi 66,000 hag f 0bu models, at S.16e t. . b. Debt. Lira pool try, weak; fcsoUtn, d0ft45c; fowls, Tk rw totmr to tore wrkit 25c ; roosters, 15c. aad trie wn Inm Dressed petlHry, steedyL prices wachuged. 844c. ww-totl- Information con tained in our June Circular should NOYES. NEW YORK, June 7. Nothing beyond confused and unoertain groping about by professional speculators waa risible In todays stock market, where declines and advance (mostly fractional) were fairly equal In number. The pool who do not aeem to be endowed with imagination resorted once more to the very transparent bidding up of prices for usually Inactive Industrial stocks. Apparently, recent professional -- ell era ef the steel merger" shares, bought hack the stock, with resultant partial recovery. Aa for the railway shares, 1 they once more stood practioaily motionless, although part, at least, of th days news waa favorable to the railway situation. Carloading figures for th taat full week of May showed a rather extraordinary increase of traffic. Notwithstanding the continuing cool . strike the number of loaded cars waa 25,785 above that week hi 1921 and 67,580 above 1919. Not only so, but the loadings of 821,121 cars were ears 100,500 than the greater by nearly weekly average of January and February and only about ten cars below th April weekly average both comparisons bring made with months when coal traffic,' in advance of the anticipated strike, waa abnormally large. .In railway circles, howerer,. lKtie Interest seem to bo tak en In anything but rates and wages. Sterling did not reach its high p of the day before, 84.51 lt re covered 4e from Tuesdays rioring-vat- e and ended not-fabelow, tho best-- There were no great changes in rates on the European continent, but practically all of them gave evidence of Increased strength. Something has been- - accomdecision th plished by reparations commies ton, announced today, that th bankers oosnmlttee on the German loan plan la to bo at liberty to make any suggestion It chooses even reduction of the total reparations bill. Any other course than that would have been foolish. tnlnce the bankers were eaUed1 tomerely to state, as b urines men. gether on what condition they believed A foreign reparations loan could bo placed with Investor. If production of iron is stnt to bo taken aa Indicating and foreshadowing - th course of general trade, todays repert on last months output emphasises previous favorable forecasts. Ia May 'the production Increased 8 per cent By ALEXANDER prove of value the investor. DANA eegry, giving descriptions, 'nd b sent to. prices w4Q upon request. ed - ItsKsalClyCcjaj! of New Yeric. Bait Asks City-002 Desert Bank Bldg. Telephone Wssetch lo. - jfgn..rrr!Ttrr- i A Market for Real Estate Contracts m We have a client who win buy a limited number of equities in Teal estate contracts at a reasonable discount. It you have a contract 70a wish to sell,, see , ... us at once. ,Au.-5- . r Wheat low, None. No. 2 .uixed, 300ttc. 5459e; No, Ottn No. 2 hlte. 85Q38HC. Kye No 2, TOfcc. Barley, 69;6&c. Timothy ?ed, H OfMffcS 50, 00. Clover toed, Pork nominal, liard. 111 87 Bib. $12.50613.50. L03T0N CURB. (As Reported bv J. A. Hogle A Co yel- GentrattErust: Co. Throtinvhfch is operated TDSnuth6?Sons Main st First South. Wasatch 455. ' Dividends Paid Every 3 Months Regularly, promptly and surely, dividends are paid quarterly on 7 Preferred Stock of the Utah Power & Light Co. This is the record of this stoek throughout the nine years the company has been in exisWe now offer this tence. e investment security f is &i 4' Seven Hundred Fifty Million Dollars Lost ! J OEVEN . HUNDRED AND FIFTY MILLION .DOLLARS were lost in the United States in unsound .schemes and speculations in 1921, according to reliable estimates. The .life savings of .thousands of people many of them to lose a dollar were ed swept away. .And worthy .enterprises were denied working capital when it was sorely needed to bring better times. high-grad- 1 $96 and accrued dividend per ahare Annual income 7.29 Pet. We ttrongly recommend this Further details upon lamp. request. CcntraltTrugt Co, EdD-Smit- h The investment shark must be defeated There are plenty of sound, legitimate investments. But. in order to pick the igoodirom the bad you need the services of .an expert Go to your banker or to any establishedresponsible investment dealer In Salt Lake and ask his .advice before investing a single dollar. Soot JistoesHmSeo Wasatch 459 Get the Facts ! leas 1.25. r higher iftia Mi;, Cube advancing to 2e, evst ng freight, for 16-1-A tor Jbm m4 eqaal to 4.46 u4 4.66c. seepeetlv6ly,c tor centrifugal. t Advance of the prlca of lead from 5. 65 cents a pound to 6.76 cento yanterday by the American Smelting and Refining oompany Improves In no small measure the outlook for the mineral Industry of advance Utah. .Yesterday's price - belief that 6 --rent lead is strengthens thenot to be ua ex pee ted In the near future In both AusCurtailed production tralia and Bpiain, the worlds chief producers of tho gray metal, fat responsible for tho rapid Improvement In the price of lead during the last month. Coupled with tho- decreased production of foreign lead, there has been Increased domestic demand, which also lias been a strong factor In making the metal widely sought. - I 60.00 6.00 Utah Pr A 1644.. VUk Lt APr 4 Jh80 .... Utah ecorltton A 123 Lead Price Advanced to S.75 Cents a Pound Bonds Railway " Shares Motionless? Car Loading Reports More Favorable. of-th- e Of Ssf ,, !-- , .0114 I!y i Blok chinch bugs, did a good deal today to lift the value of wheat. Prices closed to6 2 net higher, July firm, 1 51.134 to 21.414 and September 21 1(4 to tL14. Corn finished to high decline to er, oats at advance and provisions unchanged to 27c off. Nearly the top price of th day were prevailing at the close in the wheat market,- and there was no time when prices were as low as yesterday's finish. Apprehension of a less favorable crop outlook was unaccompanied by any specific claim of actual damage yet, but It waa generally conceded that rains were needed In parts of the northwest, and that subsoil moisture was lacking In some sections. Talk of frost In Canada counted also as a bullish factor, and so likewise did relative firmness shown by the Liverpool market in the face of yesterday's decline on this side of the At- nt Swift ' Adventure .... ... Ahmwk Arts Cow mercUl Btaghem Mines Cal k Aria Cal k Hecla , Copper Baage Weet " East Butts Pvrl. ,.,.,...,1,,.. ' BsaroekIhriy ....... tv Omsk -- to psefssrsd , Ms Boyal , American Smelting and Refining Management Confident of the Outcome. CHICAGO, June 7. Dry weather complaints from the northwest, together with report from Illinois and- - Ohio- telling of after-planti- y JtOITOff COPPEk CLOSE. f As JlepeHed by I. A.' Regie - LIFTS WHEAT FRIGES lantia. There was a strong demand for wheat by exporters here, and they took all the hard wheat offered, which, however. In the aggregate was email. Offerings on the spot market were light, and the few cars which arrived in Chicago were said to be billed through to an eastern mill. It was reported that ten loads of No. 2 hard wheat were sold from here at 17c over July, o. i. f. Montreal. Corn sympathised with the wheat advance. There was talk current, too. that movement ff corn to the Big Figures Reported. market was practically over. Prices of oatO were Inclined to drag owing to libIt. also has been predicted by those who are believed to be In a position to eral storks in sight. lacked Provisions support. know that should the present manage-meRANGE OF THE LEADING 1TTURES. be successful In retaining control, as now seems certain, stockholders will be given a majority of the board. Rea-so- n for the belief Is that the manage-men- t proxy. commit tee has already gone on record to this effect. Some Interesting Information concern-In- g tha present atetua of has been brought to light by the Investigation which was ordered by directors to determine the truth of those charges brought against the management by Mr. Ellers and the other stockholders. A few .01 4 of tha of Senator Ellhu Root, .034 who wasfindings appointed to study the report of the Investigating committee, are as forty-five-de- ns - -- Gonalderabje interest lp manifested In the regular annual stockholders1 meeting of Che .American Smelting and Refining company scheduled for June 27. Information from the east Is to the effect that there will be at least two and probably . three tickets for directors when stockholders convene. Three calls for proxies have been issued, one from the the company's office, another from Evans committee of stockholders and a third from Karl Ellers, who started the movement a year ago. Eastern financial papers predict that at the rate at which proxies are comthe annual ing Into the management meeting will result In a representation of between 800,800 and 900,000 shares of the outstanding 1,100,000 shares of stock for retention of the present control. Last ysar. It is said, the management secured support from stockholders to the extent of about 890,000 shares. boo-fo- ot high-grad- More than 51,000. WO has been paid over to the Minerals Separation North American corporation, according to the Boston News Bureau, In partial payment of had the settlement of litigation which It Mininstituted against Butte A Superior ing company, Miami Copper company, Utah Copper oompany and other porphyry copper companies. Tha full settlement Involves approximately 56,000,000; The suit against the Magma Copper company will bo pushed by Minerals Sepsuit aration. Tha .latter also, has. a comMining againstbut-the Kay Hercules has not yet propany, duced copper on a commercial basis. T Low-pric- ed le iUO-fo- ot . April, 49 'per'eent over - January and '89 per cent oyer 'May, IS 11. - It was The largest monthly production since January of hLgt year- and ran Inyond May of 1819 or 2914. T For Sale 1000-fo- ot Oil Shale Ground; 6880 acres;, must .be sold immediately; at about your own : Box price. .23, Provo. Phone 439. 3ond 'Walker Bank HcZding. llortgigeCa MiTTT,Ttvg Telephone" WmtchnC3. L I & |