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Show 7 Road?. Net Earnings 3.93 Per Cent of Value , WASHINGTON, June 7. Net data one railroad for the month, of April amounted to 150,256,-80according to compilation made today from Interstate commerce reports by the Association of Railway Executive. Th companies report340,000 approximately ing operat mile of the total of 350,000 mile of road In th country. The amount represented an earning rate of 1 93 per cent on the tentative valuation of the property of roads reporting, the association said, and compared with an Increase of 329,854,000, gr a rate of 20 per cent reported for same month last year. The total revenues from operations for the month were 3414 853 000 and expenditures were 8334,178,000. 0, Treasury Department Of fers New Securities at Interest Rate. Unique m, i . u , U ?v -. i- Redemption of 3 3-- 4 Per Cent Victory Notes Announced for This Month. WASHINGTON, June 7 Offer of two eeeurUles. new issue of government , bearing lower Interest rates, was announced tonight l Secretary Mel'on as for ... the treasury's financing program ' June 15, regarded as the most Important ' federal fiscal operation in recent month Pursuant to the policy for refunding d debt. Mr. Mellon an- i the 8 4 nounced an offering of per cent treasury notes of undetermined amount, dated June 15, and obtainable only in exchange for 4?i per cent Vlc-- c , tory notes To meet heavy payments falling due the middle of the month,' he offered an ' ioeue of one- - ear 3 per cent treasury certificates in the amount of about 3260,- - ' i short-date- ! S'x-ye- ar i ' y 4- -t. ' COO.OOO. - from the The rate of 4 per cent notes was last issues of short-terit was explained, to meet the trend of present market conditions and. Incidentally, employing an odd fraction In setting ar government interest rata for the first time elnce the Civil war. The rate of 31 per cent on certificates HraTedueUoirof 4 7er cent mm the last previous issue of one-- ) ear certificates, and, it 'was said, brings the rate on the longer term certificates- - Into line ,,f,wiih the reduced rate on shorter ma- ' turltles. Payment for the new notes, Mr. Mellon or by stated, cannot be made In cash certificredit, nor will either treasury cates or 3 per cent Victory notes be accepted In exchange while the right to close the Issues at any time la reserved 8 'made, T" - '' Large Payments Due. The new certificates, he explained, are necessitated by heavy payments due on June IS, when about 3380,000,000 of cer- "niftcates mature, 3350,000,000 of 84 per cent Victory notes are caMed for redemption and 3125.0O0.OO0 of Interest on the public debtk falls due. ,,s. t In calling the 31 per cent Victory for redemption on June IS next t i' (nearly a year before their maturity, on e May 30, 1913). the government Is' exer-a, cialng the following option, reserved In No. 138, an-icircular treasury department , flouncing and prescribing the terms un-- v der which the Victory .Liberty loan was i , offered on April 31, "The notes (Victory) may he redeemed, of the United States, under at the option rules and regulations aa She secreetc such of the treasury may prescribe, on tary June IS or December IS, 1923, In whole or In part, as to either or both series, at par and accrued Interest, on four months' notice of redemption given In suth man-nas the secretary of the treasury shall ivo Motes ot x. 1919-ru.- , i $r prescribe.' In the foregoing. It. behooves all owners or holders of outstanding 3 per cent Victory notes to present them for redemption not later than' the middle of June, 1922, because these notes will not earn any Interest after that date. Redemptions can be effected through any bank or trust company In the Twelfth federal reserve district, or by direct application to the federal reserve bank of Fan Francisco or Its branches at I os view of I 1 Seattle, Spokane and Angeles, Portland, 6alt Lake City. 1 SAN FRANCISCO BANKS MERGE. SAN FRANCISCO, June 7. Consolida- tion of the Wells Fargo Nevada National . - hank and the Union Trust company of s San Francisco has been effected, accord- Ing to the Fan Francisco Chronicle today. Details of the merger will be made public of - within a week. Combined resource which are two of iM,jj the two Institutions, ' . the etrongest banks on the Pacific coast, total more than 3120,000,000. 5 Present plane contemplate retention of commercial accounts by the Welle Fargo w. ri bank, while the Union Trust com pan accounts of ths will handle savings , merged interests, the Chronicle said. . " Ui 3 a- x i b 1 Constipation Vanishes Forever Hi 3 Permanent Relief Prompt CARTER'S. .LITTLE LIVER FILLS; i7r:everfcil table-- act v 9 : vega- ' ntly on the Jitfy, Stop After dinner die- - i,,r tress cor todigee tion; Improve the t j si i ir X i(J r V i - 'Ui. in9 9 HI it- jIVEH I j PjLLS brighten the eyes Small X)os6-SPrtc Ball Ecxetp broke out in e rash in the palm of my band end later spread to my fingers and wrists. The burning was ao intense that I scratched and my hands were red and Inflamed. I had to wear rubber gloves while doing my housework, and cotton onea at night. I lost several hours sleep catch night on account of the irritation. I was treated end tried different remedies but to no avail. I Started suing Cuticura Soap and Ointment and in one month I was completely heeled. (Signed) Miae Elisabeth V. Rodger, Leebrick Apts., 529 W. Jat St., Long Beach. Caiif, Cuticura Soap, Ointment and Talcum promote and maintain akin purity, skin comfort and akin health often when all els fails. la fra. by M. AdArK "Ostuara Uk- iWrtes. i CARTER'S niTTLE Cuticura Heals Intense Burning Eczema On Hands a. , but complexion Itod TO sv! Dakota Convention Is Told Competition Is Factor. New Business North ABERDEEN. , Si D- - June I. Competition In business is coming back Into the world with a vengeance and the merchant, manufacturer or banker who expects to get ahead from this time on must realise that he must fight his way uptvard, declared George Woodruff of of the National Rank of th Republic, In an address before the South Dakota Bankers' association here today, "Advertising a Batik was tha subject of Mr. Woodruffs address. he asserted, "1 the "Advertla.ng," moat effective of all weapon In the fight for business, and among the various kind of advertising, newspaper advertising Is umiuesUonably the 'Big Bertha' of them all. hi "Th said Mr, Woodruff, idea, spelling the word idea, "1 to accom-p- l ah four things. These four things remembered may be easily because, written In acrostic atyle, they spell the word faea. The four p'ords for which tha letters stand, he said, are Interest, desire, enthusiasm and action. he "First you must secure interest, esntmued "Your advertisement must be so well laid out, so attractively worded, so compelling in appearance, that It will secure the readers' Interest. "Secondly jou must create In the mind of your prospect th desire to patronize your bank and make use of the service It offers You must show how and why It Is advisable from tha reader's standpoint to save money. 'Granting that your advertisement has aroused Interest and created desire. If It Is to secure maximum results it must breathe a Ml Inspire enthusiasm. It roust arouse your reading public to simh a degree of enthusiasm over saving money, over paving hills by check or protecting their valuables by a safety deposit box ir that they will be- ready to put their Into action.- Before your advertisement may be considered a success It must compel action. Newspaper advertising must b supported by more direct advertising, he continued. This, ha aald.Acan b dons personal-appethrough house organs, letters, blotters, folders, booklets, calendars and novelties. "Bankers who do not believe that advertising pays are steadily retiring to Mr. Woodruff conthe background, tinued. "This Is surely not to the disadvantage of our country, for bank publicity is dally turning spenders into savers and creating that spirit of universal thrift upon which the future economic stability of America must necessarily be based." de-s- al CURS AGAIN STRONG. NEW YORK, June 7. The curb market was firm to strong today generally 'Standard Oil Issues were traded In on a large scale at recessions from their newly made highs but found a good demand at the declines. The heaviest decline wa In Imperial Oil of Canada, which ) lelded three points. American was exceptionally strong, advancing to 248g. Mexican Seaboard was th most active COTTON EXCHANGE CONVICTED. of the independent oils, the announce7 The American ment of the offering of 200 000 shares rf iL NEW YORK, June on a voting trust certlflcatss for new soek Cotton exchange was convicted charge of bucketing operation by a su- causing heavy The court Juror shares, which ranged from 45, to 4o late today. preme jury deliberated just one hour. The voting trust certificate wers traded In at 435 to around 4449. Fensland, after selling at th high of 19's, reacted to 18. ty gatm ii Interests Identified with the Columbian Carbon company and Atlas I'uwder company have Incorporated a new organization under the laws of Delaware, the International Carbon corporation, with 8 per cent preferred and 300,000 shares of no par value common slock, , IwpvX, Us SI, Cslieera Sea shave witkaaS aas- - , , Both my wife and myself have put Tanlac to the test and We cant aay too much for it. said Frank Stanley, 909 Concord Street, Balt Lake City, Utah. My wife suffered terribly from a 1 ' Salt Lake City Han Put Tanlac to Test and Says It Put Him in Pink of Wife Also Condition Greatly Benefited.. u stiairte badly disordered stomach, nervousness and other troubles. Tha attacks of indigestion and nervousness seemed at time like they would drive her frantic. Her Condition was most deplorable. But Tanlae has done her a world of good. Her nervea dont bother her anything Mike thlv did, and her stomach is in much better condition. From the way Tanlac has built her up so far, I believe she wlU soon be in as good health as she ever was. Im a firm believer in Tanlae myself, for whenever I get to feeling a little off I take a bottle of it ana it puts me in the pink of condition. It certainly js a great medicine. Tanlac ia sold br all good druggists. (Advertisement.) flok Iw WILLE BROS. a:. JOE $ THOMAS AND HIS ' SAX-O-TET- TE SKIPPER, KENNEDY fs AND REEVES GRACE-DUNBAR-NI- LE TERMS STATED & CO. IN PETTICOATS q)E1d Republic, Midvale and In land Combination Per fected; Notice Is Given. NEW YORK, June 7. The terms of th proposed merger of th Midvale Steel Ordnance company, Inland 6tel company and Republic Iron A Steel company, with Issued capital of 3132,514,587, were made public tonight in a letter to stockholders. It was signed by W. E. Corey, Lt E Bloc and John A. Topping, chairmen of the boards of the three companies. They stated that details of organization had not been definitely settled and that the plan was subject to changes to meet The Midvale and Inland will consolidate and take the companlea name of the North American Steel corporation, the letter explained, and thin orport-ftNw4h uciiulre, subject to Its liabilities, the of the itcpub'tc company. $ "Before the unification of the properties the letter added, "Midvale will Its NLcetown plant and certain assetsplace and liabilities connected with the of it In a separate corporation, operation stock of which will be distributed pro rata among the stockholders of the Midvale company. Thl separate corporation will thereafter continue as a separate enterprise for the manufacture of the ordnance, armor and special steel products to whioh plate it Is adapted " Capitalization, under th consummated plan, comprises 379,i;a.600 In bonds and other fixed tharge obligations. 350,381,4 6 new preferred stock of 3100 par value and S.SuO.ooo shares of new common stock, without par value. The bond and fixed charge obligations wlU consist of 580,699,500 bonds and guaranteed obligations of the Midvale company or its subsidiaries; 513.367,000 and other obligations of Republc or Its subsidiaries, and 38,317,000 bonds and other obligations of Inland, all of which, In addition to the other liabilities of the three companies, are to be assumed by the corporation. The preferred stock h to be 7 per cent cumulative and convertible until July 1, 1934. Into common stock, four shares of preferred for five of common, and is to b redeemable at the option of the coipora-tto- n at 115 per cent and accrued dividends. Kuhn, Losb A Co. have agreed to act nkecS for the plan, the 'letter said. It being Intended that a syndicate will be formed to provide for the cash requirements of the merger, Including 120,000,004 additional cash working capital, which will make the new corporations total working capital more than 3 100,000, 000. essential reasons Among given for th proposed merger were "increased economy resulting from the mining of larger tonnage of ore, coal and limestone under one control, together with th economlo advantage of better distribution for the use of such producte." CORNISH & CARTER feoy how SEE it' IT TO DAY speeds cou-dllio- yp i 4s, Soutnern Bell Telephone 6s Armour and several of the local tractions Total sales (par value) aggregated 615,343 000 Fazt absorption of new underwritings testified to the strong tone of the investment market The day's new offerings amounted to about 320,000,000, these including a Consolidated Gas A Electric 310,000,000 4 Def company (Baltimore) cent bond and the City of Montevideo 7 per cent Issue. Sure Relief FOR INDIGESTION STATE NEW RATE BASIS. WASHINGTON, June 7, A new basis for rates on grain, grain products, hay Relief and straw moving from Oklahoma points to Texas consuming centers was ELL-AW-S today by th interstate commerce commission, which held In deciding a case brought by the corporation commis25i and 75 g Package Everywhere sion of Oklahoma that the present schedules are unreasonable and prejudicial. The commission In general found that rates from Oklahoma producing points on th commodities named were higher for equal distances to destinations In Texas West than similar rates over similar distances entirety within the state of Texas. F. C. lUchmond medal was awarded The Th general effect of the decision will he to bring about small reduction In th to Elroy Newman at th West high school Oklahoma-Texa- s rate. The commission Tha presentation RAILS AND INDUSTRIALS. remarks that this proceeding Is not suf. yesterdaywas morning. made by Mr. Richmond, th pe(9t accomIn for the broad T. scope WASHINGTON, June (Furnished by J A Hogls A Co.) Attorney Gen- flclently 4h donor AH of former winners eral Daugherty was notified today by plishment of exact Justice and possibly of medals weremedal. Twenty Industrials 94 00, up .11. on the rostrum and told long distance telephone of th completed there should be a general Investigation of the Twenty railroads 84.78, off 16. and honor the meaning connected southweeL ki of rates the Southern Pacific earned 38 93 per share plans for the merger of the Republic, with the medal of common stock for 1921. Midvale and Inland Steel companies, ki The high standard of morals and p Now York clearing house banks may accordance with a promise made the atWHOLESALE DAIRY PRODUCE. were commented upon by Ruperln-tendereduce their Interest rates, paid on de- torney general May 24 that no merger A Eaton and I 'r incited Mutual Creamery Company.) by George (Quotations posits, such svctlon having been recom- would be consummated without giving (IN lots. Fred D, Keeler. At the done of th promended to the full meeting of the clear- him full detail. butter Is 44- extra creamery gram Newman was called upon te mak In a formal announcement of the re- rmh $ .36(4 a speech. ing house. pounS cube President McAdams of the American ceipt 'of this Information, the department ymd exirs creamery butler in cartons- .59 extra creamery butter, psrebBankers association, a)s an Increased of justice said "this agreed upon plnn Yrreh 84(4 meat prints activity In all lines of Industry and bet- of the proposed merger will be carefully rmk fifet crea nery butter In cartons ,57 ter times for all classes will result from studied and considered by th department butter, parchfirst creamery rmh an Improvement in transportation condi- of Justice. 86 ment prints tions at lower rates brought about by a 31 9., Cooking butter la rubra For Infanta and Children reduction of railway labor and fuel costs. NEW "FUTURES ACT. 34 freeli erg- Selected The unfilled order on the books of the Tribune-Sal- t 3$ Lake Trlbooa Lesasd Wire. Ranch area In D. 8. Steel corporation on May 31, which Chicago -, .31 full cream Chewtriplet WASHINGTON, June 7,A bill reenwill be announced on Saturday, are befull mam rheeve, Yeung America.., .33 Always been grain futures act to meet ob- Pull lieved to be approximately 150,000 tons acting theraised 23 cream ebeeae, 3 pound eqnaree .... in the decision of the Blot k gwl jections ths .34 In excess of the preceding month. chccee court be will reported from the Cream brick chccee .25 Vtah Copper Is expected to declare a supreme ftgpatu ef on house committee within agriculture dividend of 50 cents a share at the di- two or three days. Representative Tlnch-e- r rectors' meeting scheduled In New York author of the bill and (Kansas), for today. Continued Improvement in th sugar member of the committee, said today following tbs opening of bearings oa th Industry Is reflected In persistent sura of eusar shares. Exports of re- mi's The only witness at today's hearing fined sugar were heavy and prices were was Chester Morrill, assistant to the advanced 10 points by soma companies. of agriculture, who explained ths of the new Cspper-Tlnchprovisions BOISE CONCERN SUED. bill as drafted in the department of agNEWARK. N. J June 7. An Injunc- riculture. tion to halt prosecution of a breach of Representatives of th grain exchange contract suit Involving Mexican oil prop- wttl appear before the committee tomorerties, valued at over 35,000.000. was row. Among those pnwent at ths hearsought befor Vic Chancellor John H. ing today were L. F. Gate and John Jt. Backs hers today by th World Com- Mauff of the Chicago bowrd of trad and NOW PLAYING merce corporation of Bole, Idaho, defen- F. II. Wells of , . who was dants ki an action brought by the Metro- chairman of theMiimeapnltt, committee of reprelaugh and. that wet on your check will bo a tear! politan Petroleum company of New York. sentatives of exchanges during th Th court ordered officers of the Metro- consideration grain of the original act When yon ee next politan company to show cause It la understood that th grain ex. Tuesday why they should not b enjoined., change witnesses will oppose the enactfrom prosecuting the action. ment of the new Capper-Tlnchbill. At the request of the petitioners Vic Chancellor Backs also ordered the New BOND MARKET BULLIBH. York concern to cease circulating reNEW YORK. June T. Liberty issues A remarkable picture that gives FATHER all the credit that ports of their suit and to discontinue at were ' in the forefront of today's bull bond has ao long been due him, leged threats to bring action against market, : 3 1100 14 tax the at exempt to consaid had business have person 10 1100 at and the first establishing nections with th Boise corpora tion. moderate advance The suit to enforce the alleged contract new amaximum,ofwith the entire group, majority was brought In e federal district court forMexican Issue continued government in Pennsylvania. to. .react--ttha delay attending debt-eo- n. ferenres here, but most of th European are among the featured players. WILLYS SUBSIDIARY SOLO. war flotations showed firmness and ocoa A companion picture to, and a better picture than, the famoua TOLEDO. Ohio, Juna 7. The Electric sional strength. Auto-Lit- e company plants at Fostorls Mary of the underlying domestic ran made and played by. the tame people! Humoresque, and Toledo, subsidiaries of the Wilys were higher by large fractions to almost corporation, now In the hands of receiv- two points, that division again being PATH! NEWS --THE USUAL GOOD MUSIC. ers, were today sold with th consent of chiefly Represented by Teorla A Eastern: th creditors to President Clement O. Toledo, Ft. Louis A Western, Chicago A Vvlater-coole- d Air Iced Drinking Water!' ' Alton and Atchison Issues Mlnlger of Toledo for 54. 700, 0). 2000 more thanN company ware Inclined and utilities Industrials employ 'Th workers. to reset, especially Cerro d Pasco 8a, Sure IA Use For Over 30 Years sec-reta- ry er Tonll er 4a o "The Good Provider VERA GORDON, DORE DAVIDSON WILLIAM COLLIER, Jr.;: : P. M. IN The Roagh Diausad" AND ACTS 5 5-- BIG ef unsxosllsd Leew VAUDEVILLE , Aftsmoon Evening (Ex. Sun. Hoi.) (Sun. A Hel. Aft.) 35c (Plus Tax)) 0c (Plus Tax) 1000 Ssata (2nd Bal.) lOo (N Tax)) and Enjoying It! BROADWAY aahol-srshl- CASTOR 11 Tom Mix Everybody Ia Drinking Entertainment in Richmond Medal Awarded High School Student nt TO NOW FLAYING DANBANTE 6 Dellans Hot water ' 1 CONTINUOUS, BABY IVY YARD BAT. THURS-- a FRI big first run special TODAY, pleases all who heap her, aa ah la a elever star lTHE HAROLD LLOYD COMEDY SWING YOUR PARTNERS a rear sut ef all ef th audience and full enjoyment is found In th pictures f th dedication of th LINCOLN Memorial. Houra ItiM, t, 4, 4, A 4:44 Matin- 10c 15 Se Special Children's Matinee Friday v; DANSANTE BUCK JONES In hla latest supreme western PARDON MY NERVE! Oh, boyl Ram astlenl Some thrills! Doubls comedy, too It's coming Sunday RUTH ROLAND In "THE WHITE EAGLE AND CAFE: Cool, comfortable and most able. Opon 11i59 ta U CAFE A Light Lunch neon till Wasatch phen Bridge, Lunch and Dans 1974 enjoy, f. m. and mldnljhL for Ta, parti. 2L NOW PLAYINO TO PLEASE ONE WOMAN yioBATx Aira ouarbiaruot iotioks. (Consult maty rlarX ar tha roapaetiy far fsrtber tsfonaarion.) stys-sr- s IN THBS DISTRICT COURT. PROBATE division. In and for Balt Lak county, stats of Utah. In th matter of tha rats of Samuel C. Bark, deceased,. hThotic. petition of Utah Saving A Trait company, executor of th estate of Samuel C. Park, deceased, praying (or the settlement of final account and report of said Utah Savings A Trust company, executor, and for th distribution of th residue of tha eotato, to th persons entitled, also for discharge of executor, has been eat for hearing on Friday, th 16th day, of June, A. D. 1922. at 3 o'clock p. m at th county courthouse, la th Round Six THE LEATHER PUSHERS Sslactad Comedy INTERNATIONAL NEV?E ' courtroom of said court. In Salt Lak Cltv, ba.t Lake county, Utah, Witness ths clerk of said court. With ths seal thereof alixsd. this 19th day of May. A. D. 1922. (Seal) CLARENCE COWAN. Clerk. By L, P. Palmar, Deputy Clerk. Pierre, Crttehlow A Marr, attorney , for petitioner. v93g |