OCR Text |
Show THE SALT LAKE TRIBUNE, TUESDAY MORNING, AUGUST 8, 1922. J-- 14 METALS. ui Utr . .... . .... 9$o aitvar 1.78 4.89 avr Oommt, spat Far if li ram it Market Opens With (it York) (Eut It. Lnii 4 6pitr vary, spat) ..... Silwr (U Loadw) ..... Cor WM 11 I ...85d A MAVEN TRVIN4TUAT - LEV T WALT, OvfN UP T o Sett New YOU ENfilViC) GASOLINE ALLEY BETTER BE ON THE SAFE SIDE t: Look. Could Da kE CoaU and The ON Maine Th white mountains, TeiPj Atmos- - h I ,, phere of Apparent Confidence of Strike Solution. f I! fljortk - Sinter By ALEXANDER DANA iMOYtS. a NEW YORK, Aug, 7, Suoli new to light oer-- Sunda, concerning jaitlier our own labor Controversies or tha (London conference, w as sufficiently rcas- uring to prove that tho dock exchange I had been' well advise J last seek In Ita (attitude of composure. Today' market re-- j opened In what appeal ed to be on atirios-- j phera of UU greater confidence that tha jaolufion of the coal and rail ay strike i problem at any time was not far distant i Railway share led the further recovery which occurred, many of them advancing all ol la point or mote and Dractically s them closing at the day price, l made to both Ths president's tho shopmens controversy du'Yrtiethe inafternoon, that the Seniority ring .(iieetlcn be left for decision to ..the rall-- I way labor board. irtay have emoodied the turn of events which financial m vrketa .had been expecting. 1robabtv it will not he regarded lit conservative financial circles as sn ' ideal solution, w'liei.- - the .refusal of the executUea to concedeui rea teratlon of such prior rights to strikers was based on the ground of good faith to the lojal men and when precedent of prevlou i.ilaay strikes of has been agulnst such restoration the when a strike "was settled. If rights new proposal la accepted by management and unions, the ehopmens strike would doubtless end, but the fudictal labor board would be tested quality of the eaactingly afterward. the Without regard to this proposal In conrailway strike, financial Judgment tinued hopeful regarding results of the road strike conference: thl notwithstanding the known dlveigenCe of opinion among different operators as to a reasonable basis tor agreement. This hopefulness rests largely on belief In the. recognition, by both side In the controversy but especially by laoor, that the fuel embargo cannot be allowed to continue. There was no distinct news frbm Cleveland during the day, either confirm a lory of that view or otherwise. No was there any meant of learning what ' was the. actual drift of things re-at . the London conference which today sumed discussion of the Herman repara- ttons. This time tne course of foreign exchange gave little or no clue even de-to financial Judgment; tha Farm rate clined, while the mark rote slightly, and distinctly strong. Todays sterling was tap rate of 4 461 for sterling was tho the market has reached in highest thatseven weeks, mqe than 1 r tet proi-osa- i , Activity on Minin; Market Confined to Few Issues f I unl-Jor- m Survey for Proposed n Railroad Spur Begun With Little Price Change. Sessions on the Salt Lake Stock and Exchange yesterday were quiet. Trading of restricted volume wa con fined eh'efly to low priced shares. Tln-tl- c Standard, the. only h'gh priced issue for to respond to call, sold at $1.97 a total of $00 shares. ( Cottonwood stocks showed little change. rose Alta Tunnel on trading of 2 a quarter of' a point. II g Cottorfwood Coalition with about 5000' shares sold, reached a high of lie and a close of Columbus-Rexa10 was steady Mining: 2 ll at 33c. Tintic Irenes werfe stagnant. Colorado traded In restricted volume at 7c, Eureka I.LIy at 8c, and Iron Blossom at 36c. l.ehi Tintlc, witn 12.000 eharea sold, opened st 1 S4c and closed at 2c. Iron King, with 1U00 shares sold at 13c, was Quotations follow l slightly stronger IJ8TEI) tv ..... .... if KTiN'fcB. w Bid. AMs Mirk Aits (OQ Aits Tiger ........... .04 $ Amer Metal Mis Co Alts Tunjivl Bullies . Big Mill Big Cot 1 osl Beaver Copper State Bay Blarlf Metal Bingham Galena tent Foret a .T. Cedar Tali . .10 The proposed spur would give railroad - to several active prospects. Inthe cluding the the Sphinx and the In which At ths has been developed promising ore showings, grading Is being done for the new shaft-- Work has been started at the A cross-ctunnel will b run on this property. ' In the Sphinx a tuniw44a being driven contact. rapidly to a limestone-quartiiDevelopment le well under way at the Park-Bmgha- Park-Nelso- Park-Standar- d. Park-Nelso- n, ut Park-Bingha- m. te Park-Standar- d. 80ST0H COPPER CLOSE. (As Reported by I. A. Ho I. A Co ) 700 srdiff .07 .04 .09 .01 .02 .00 .94 .07 .06 .70 .30 Dragon Demijohn 2.70 .06 .00 .00 Coltr R ih11 Colo Cos Crows Point ( .... ..... , . . "oi .00 .sa . Croft Cott Klug ('oft Metsis Daly West Cva Emms Btlrer ........ Empire Mines ........ BAB .03 2 93 Bell Kmersld ........ ... Eureka Mines ........ K Crown Foist K Tin i osl East Tia ton Fureka Lilly Eureka Bullioa Gold Chain ........ . (rand tVotral ... .. ., Great Westers ....... .... Galena Hamburg Mines ..... ... llowell Iron Btoao.n ........ Indian Queen Iron gia Judge M A Keeotono , .02 .00 .06 .06 eOi .60 .09 OS .86 . .87 .00 .18 4 00 .90 .09 .02 .00 .01 .15 .00 .01 .17 9.00 .83 .02 .02 .00 loo .01 .28 .09 .03 .20 .06 .09 .18 .09 -.- .09 00 .00 .24 .01 "ii .22 .07 .00 .02 .02 .07 .04 .08 .02 .10 ".w" .02 .00 2.27 .90 .04 .00 4.x .02 .01 2.35 .93 .03 .02 .02 .01 .01 ........ Tar Babv ....... Tint Ur Central .. Ttntle Standard Uncle Bam Utah Con Colon Chief ..... Victor Mining ... Whirlwind West Toledo .... Walker Mining . Woodlawn ....... Yankee Con ..... .00 n .61 1.03 .01 .00 .02 2.40 .09 .01 .07 .... .... Slums .08 .03 .09 .00 .07 .06 .00 ,05 .93 .03 .03 .01 W Svndleste , ..... Stiver King Coal Silver King Con Sioux Mines .... Silver Shield ... So Iron Bioasom .. South Park ..... Tecoraa 9 90 .10 .01 .01 .04 .03 Provo Reeds Peak Con South Standard , Sella .00 .01 .01 Mining ervtce- .01 .10 ,03 .03 .11 ".hi Preliminary action on the much talked et spur of the Linion Pacific to the Park I teh mine was started, according to the Park Record, the first of the week, when a party of eight surveyor began tho work of running a line from oome fa........ vorable point near the Homer ranch to the proposed station of Portal," thie to i the new appellation applied being the btg Ontario adit. ........ ... a month to com- Kennebec Jt will take about Tintlc ........ . after which a detailed Ihl plete the survey, ........ ... Leonora the New York logger report will be made to of office and the question building the l.jns Big ........ road decided. It Is understood that the Monsonlle line will follow ss far at practicable the Miller HIU grade made by the John W. Young road May Day many years ago. Michigan Utah . ... .. W. H. Lee, traveling freight and pas- Mmt Bingham week In last New Qulacy ........ th Park wag senger agent, .. Naildriver gotUng data for the railroad company While Standard ...... Noth aa to the tonnage of the camp. Ppohoogo the principal objective le the lark Utah niLihe nw mine being opened up In Plutus Con ......, the eastern section. It I thought It might Prince toms be found profitable to ship the orea of Pa P lorbe Bristol the Judge Allied companies over the Prim ... branch. .00 .10 .09 .001 .09 .01 1 , .05 ,024 .60 dm Albion lAtkfd. OPENING SALES. Big Tot too wood Coni., 2500 at 10c; 1500 at lie. Bingham Galena, 5000 Colnmbua Rexall, 700 at 83c. Colorado. 800 at Tc. Eureka Mine, 1000 at Eureka Lilly, 2000 at 8c Iron Bloeeom. 2000 at 96e. 5000 at 2e. Iehl Tintlcv 5000 at Tar Baby, 1500 at c. Ttntle Standard. 929 at $1 Zucui, 1000 at CLOSING SALES. 2000 at Alta Tunnel. 100 at Iron King. 1000 at 18c. 200 at 2c. Tintlc, New QutDcy72O0O at Tar Bahv. 1000 at e. Tintlc SUadard, 900 at 81.07. Big Cut. Coal.. 803 at 10r: it 1e. 4c. lc; 7e, Ihl 67. tc; 2.00 .02 .01 .09 .05 .02 lderable waste has been found mixed 01 45 cwt. ; Nebraska sacked Early Ohlos, poor fact that no harm had been done, operahour with the ore, otherwise th production quality, 8Oc081 09 cwt.; Maryland bbl. tion weri resumed twenty-fou- r would have been heavier. after the accident. 82 78 02 09; New Jereey sacked Cobblers, The Chr atmaa raise, which has been The caved area had been pretty well asking 81.76; buyen offering 1.65 cwt. worked by leasers, according to report of the fault, operators side at the up other going No Seles. WASHINGTON, D. C Auf. 7. One of from Nevada. Headings driven by leas- is in ore at the top, probably th bedhen the raise ia completed driftths mot Interesting min ng regions In er honeycombed the ground. As a mat- ding. it was Impractical for the ing will be started from it on the wide the United state acehleally, hitortclly ter of fact, to take out of the sheets tonnage company large I end geologloaTIy, that Including the of low grade ore which remained In- - the going up. ore that war penetrated In San Juan monntaln. In eouthweatern ( stopes. btoping wl.l also be resumed In "the top CABLEGRAM hlch contain 8 iverton--, Colorado, It la believed that It will now be prac-- t of th tram level "and In the fissure ore FROM OUR FOREIGN Ouray. R'co and other min ng cal the mak caved mine to nearly ng out fiFn the No. S chute just towns In theee mountain are Camp all of which is said to be ground, OFFICE ' IN mill ore. at a below bedding. Other or showings Bird, Smuggler-UnioLiberty Bell, Tom- greatly reduced cost. At a small ex- in the the FRANKFURT mine wilt be (Germany) prospected. Sliver boy, Yankee U'rl, Sunnyelde, The dr.ft southwest on the Dutchman pense the or. can be stoped and dropped LMPORTANTL Lake, enterprise and other well known to the to hoisted and vein levels then lower has about system fifty progressed oome of hlch ml'!. gold and allver mine, feet. During th last week It haa enhave yle ded lo much lead. CONTENTS: The jiaved section produced over 3. countered a variety of formations. A Many of the ores of the San Juan 000,009. of the ground was former.y stratum of soluble whits lime standing mountain conta n mineral, that are rich the 7,eb Pert Golden-S- t almost In Kendall lease. the was penetrated, then vertically n. silver, and, the question ha often Clair lease adjoining, the ground war some breccia appeared, and now the been esked, Were these mineral formed mined ft. width of 'fifty feet for 209 for breast VITAL INTEREST is some in hard blue end very water downward, by that, percolating ore extracted from whit limestone. The course of the veins collected the silver from the upper part feet In length.of The M HOLDERS OF this aegment the spah lease aver- Is indicated by Kami of manganese. of the vein and redeposlted it at FOREIGN lower level, or were they farmed by the aged $168 pel ton and returned to the SECURITIES KFW YOKE FK0DUCE. hot ascending waters from which the ore leasers $1,000,000. ESPECIALLY were originally deposited? NEW YORK. Au. 7. Butter, easier; creamIf formed by the first process, the rich Conditions Improve ery higher this extras, S444S36C; extrss, Stc; GERMAN CUT BCKBS silver ores would represent the downfirsts, giqvte. low ward enrichment of fresh Kggs. extra Currency or Checks firmer; MU firsts. Comparatively gsfhemt Alta Tunnel Mine San Juan Mining District Mineralization Is Studied Cob-bte- e, n, FAR-REACHIN- at grade vein and wou'd be confined to Ita upper part. If formed by the second process, the rch silver mineral might continue- - to aa great a depth as any other of the ore minerals. It waa therefore Important to determine, If possible, th process by which were th rich sliver-bea- r ng minerals formed. This problem was studied by R. S Hastln of the United States geological survey, whose report has recently apSilver Enrichpeared aa Bulletin 735-ment In the San Juan Mountains. Colorado," and can be obtained by applying to the director, U. 8. geological Washington, D. C. - Mr. Rasttn finds by m'eroseopal and chemical study of the ores that, though some of them were formed by downward enrichment, others were deposited originally in the vein and mav therefore occur at depth far below tha bottom limit of enrichment. Tha discovery ia decidedly encouraging to tha future opreeration of some of th minea,-- Th port is Illustrated by many diagram, th several relations of the showing minerals aa seen under tha microscope In thin sections of the ores. 28f; firwts. 32t44t25c; Fsctfle cosst whites, sx. BA An j If Dike; Yirginia-Carolm- Safe Investment silver- -bearing which will pay you Changes Made in Tar Baby Mining Co. Directorate R. E. Savage wa elected president of the Tar Baby Mining company yesterday at the regular directors' meeting, and W. N. Gundry, manager. Formerly both of both of these office were held by J. Martin Madsen. As growing business responsibilities have been making it impossible for Mr. Madsen to give work at the B'g Cottonwood property the attention requisite, ha resigned yesterday. Mr. Gundry will continue as secretary-treasure- r. Ira J. Strayer waa elected a dlrector ta fill the vacancy made by th resignation of George W. Morgan. Mr. Madsen will continue on the dlrectorate-Thother director la J. W. Brewer. Plans for lowering the cost of operation In the Ter Baby mine were considered by directors. One of the first If tentative plans gre things to be done, carried out, will be to move the comlt at the old tunnel pressor from it to the portal the lower adit, thus shortening the distance over which air is conveed about 2008 feet. Work is being carried on steadily In the Tar Baby along a quartslte-limeston- e contact, believed to be the northern extension of the Cardiff overthrust. or more, we recommend the David Ecdes Company 7 Gold Bonds COMPETENT WORKERS To Take the Places of Striker! STEADY JOBS secured by a lien on real estate and securities valuod it practically three times the bond issue. . Collapsing of a section of tha Tonopah Mining company' Mlipah claim measurISO by 200 feet to the 200 level ing 9.00 caused a mild sensation In the Nevada .07 mining camp last week. Comparatively llttla damage waa done. Rumbling of .07 the earth caused by tha caving or old for etopes had occurred at Interval hours preceding the accident and 600 nt twelv no so waa one that given ample warning underground. Examination of tha timbering in parts of tha mine below the 290 level ! said to have shown that no harm waa done. The assay office, oil house and small warehouse, which stood on the claim, were carried down to the 290 level and burled. As tha hoist worked smoothly after the accident and a thorough Inspection of the lower levels by Deputy Mine Inspector Huber established the UNITED STATES RAILROAD j from 1921 to 1930 are at available, prices to yield'from 7.25 to 7.35 per cent. Maturities details Will Be Paid as Follows: .09 PALMER Bond Mortgage Co. 6? Walker Bank Bldg. Phone Wasatch 5888 410-1- 6 First Bond House in Utah Differentials of 3 cents per hour over the foregoing rates are paid to mechanical craftsmen on night shifts, and differentials of 5 cents to 10 cents per hour in excess of the foregoing rates are paid to highly skilled positions mechanical crafts. .ithe A In accordance with announcement by the United States Labor Board old men remaining and new men accepting employment are within their rights and are not strikebreakers. They have the moral and legal right to engage in railroad service and will have protection of every department and branch of the Government, National State and Municipal. V Jaly3, The men who have remained in the employ of the Denver Si Rio Grande Western Railroad and who are now taking service, are not merely loyal to the railroad; they are proving their loyalty to the Public and the Govern-men- t. They are not scabs, hut they are at work under the protection of the law and the Labor Board, and this railroad intends to keep faith with -. them to the end. j Los Angeles Pocatello LABOR BOARD on STOCKS. A Co.) Company City BY THE 9e. Cash to Pay Income Taxes T per cent Sinking Fund Conv. Bond, due 1937, and Interest Price 98, to. yield 7.7 per cent - Redeemable on and after July 1, 1926, In whole t any time or In part on any Interest date st 107i and Interest until July 1, 192. and thereafter at 107 until July 1, 1937, the premium thereafter decreasing one-ha- lf per rent for each twelve months or part thereof until ma-- 't unity. i COMPANY: Incorporated In 1895, 1 one of the largest manufacturer and dealer In Its lines being engaged directly or through subsidiaries In th manufacture of fertilizer. sulphuric acid, cotton seed products and edible oil product and the mining of phosphate rock. ' EARNINGS: The consolidate! met earning for the sixteen years after absorbing inventory adjustment in 1921 averaged approximately per annum, or almost three times th Average annual Interest charges on all Indebtedness for the period. Complete Information on inquiry. Salt Lak Ogden STANDARD WAGES AS PRESCRIBED jf Complete 0 WANTED e Section of Mizpah Mine Is Dropped to 200 Level 1 Office of the Receiver - Interest 7V4 .liver, J. A. HOGLE & CO. Street The Denver & Rio Grande Western Railroad System Chemical a Coarm; New York Salt Lake City 602 Deseret Bank Bldg. Telephone Wasatch 6199 PENNA. 0 Broad Rational City 11 SHYER. bsr WALNUT New York Offlc you are seeking a . , 7 Fore! Mexican dollars, 63',; c. YORK, He 1323 WALNUT STREET PHILADELPHIA, for Send onr August List aur-ve- (As Reported bv J. A. Hogl SEW Selected with care. Offered as attractive investments. H.&B. Wolf & Comoany 674: eastern shore Virginia barrel Cobblers, 12 7308 00, Minnesota Early Ohlos sacked, 81.23 8e. It IN DM of 80 issues i Write at one for full Information, which will be furnished free upon request. tras, 40&42c, same, firsts to extra tints, 10Q Artother carload lot of ore from the S8c. was lire poultry, steady; broilen, by freisht. C7 Alta Tunnel in Big Cottonwood by express, SASSc; fowls 2262.V; closed at the Murray smelter yesterdav, fieOc; roosters, 15e, turkeys, 20e; dressed poultry, the Since to the management. according western rhlekens. fowls. steady: 27041c; water running down the raises dlmln-Ishe- 89c; old roosters. 17020c; turkeys, 23055c. 18 Q the company has been breaking an average of about s.x or seven tone POTATOES. a day from the main bedding. T. CHICAGO. Potstoee. re steady: By reason of an Intersecting fault con- - ceipts, 44 cars:Aus. .total Potted States shipments. 10c. SAY FRAXCI8C0 BONDS G DUB Sept. 15, 1922 Dec. 15, 1922 March 15, 1923 . June 15, 1923 may be set aside now and inveScd in " U. S. Certificates of Indebtedness maturing on these dates, acceptable at par value, by the Treasury Department in lieu of cash. We maintain special department to BUY SELL and QUOTE theoa acuritiea ia any amounts. (Tin or writt for kids or quotattons. HALSEY, STUART & CO. XAJV8AA CITY PI0DUCE. KANSAS CITY. Me, Aug. 7.Rutter, creamery, 96r; packing, 24c. Butter fat. ttnehanaed. 20e. f Egge, unchanged, firata, lde. 209 South La Salle CHICAGO DETROIT j NEW YORK MILWAUKEE Street, Chicago PHILADELPHIA MINNEAPOLIS ' BOSTON ST. LOUIS ' Applicants for work should apply at the office of: C. Stevena, Shop Supt., Burnham Shops, Denver, Cola W. E. Higglnson, Tortman. Colorado Springs, Cola Walter Roberts, Master Mechanic, Bueblo, Colo; Local Agent, Trinidad, Cola Local Agent, Florence, Cola Local Agont, Canon City, Cola E. O. Hasklna, Master Mechanic, Sallda, Cola Local Agent, Loadville, Cola Local Agent, Aapen, Colo. , G. C. Oates, Foreman, Montroaa, Cola . B. Herman Welrick. Foreman, Gunnison, Cola F. T. Owens, Master Mechanic, Grand Junction. Cola E. 0. Howerton, Master Mechanic; Alamosa Do la Local Agent, Durango, Colo. C. B. Carpenter, Superintendent. Bldgwav Cola " Local Agent, Tellunde, Cola Local Agent. Santa Fe, Hew Mexlca D-Cunningham. Asst Supt. M. P, Salt Lakt Local Agent, Provo, Utah. J. 0. Richmond, Foreman, Ogden. Utah. Local Agent, Price, Utah. JOSEPH H. YOUNG, Receiver Denver, Colorado July 22, 1922. . , c . . The Denver & Rio Grande Western Railroad System 3 I a |