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Show Interesting Discovery Made on Property Which Has Been Large ' Producer. Discovery of a new deposit of gold or on th estate of the Roind Mountain Minheralded ing company near Tondpah by Nevada mining men and newspaper as on of the most Important strikes mad recently In th state. Th strlk wa made west of th Los Gazabo claim, which tn pioneer days of h company produced over $4,000,000 In gold. Inasmuch a the Hound Mountain Mining eompany Is on of th substantial and conservative or statement of th atats, sanitation made by the officials concerning th new ore body carry considerable weight. At present the company Is operating a mill with a capacity of about tuo tons daily, milling test hsv established, th belief among officials of th oompsny that on th property there are sufficient ore reserve to lest fof twenty year. Details of the strike are given by Louis D. Gordon, president of th company as follows; When w started hydraullo operations above th place In which w were working underground, th water from the hy draulicktng flooded the workings and lode operations In that section of the mine were terminated. In the area to the west the gravel depoetts get deeper, and at the point weet of wher w .were Working at that time they were forty feet deep. It In order to further explore the vein became necessary to finish the hydraullck-in- g In that section, which was done this year. These hydraullo operations opened either a new or Independent ore shoot In the Los CUiabo vein west of the ore originally opened, or we have found a new ore shoot In the Los Gaasbo beyond the fault. The work has not really progressed far enough to say definitely which la th case. However, on th surface w hsv a vein exposed ZOO feet long and from twelve to twenty feet wide. The surface exposure to th 'west Is still covered by placer gravel, but our operations during th remainder of th year should further expos the vein on Its westerly strike, as we have found' free gold on th turfao outcrop fop its entire length. . About ten ego shaft wa Started and la being sunk on th footwall portion of the vein, and at a depth of thirty-seve- n feet the bottom of the shaft showed s width of eight feet of or with no hanging wall In sight. A mill test on seven tons broken down without anv effort at selection returned values of $2S per ton. "We propose continuing th shaft to a feet, and, after depth of eighty-seve- n drifting forty feet east, will connect with the workings being carried westerly at the time operations wars stopped. We will also crosscut the vein and drive drifts to the west. Later w will be able to use main working ah raft th 800 level from the and select the most aa a haulag level, suitable point on ths surface for th main new on strike." th shaft working 1 Trading of Plutus Only Feature of Unintereating Activity; Coalition Firm. With th exception of trading In Plutua, activity on tbs Salt Lake stock and mining exchange yesterday developed no Interesting features. Th trend of both low and Issues was very flat. Even Plutus experienced but llttl aa change compared wltn the day preceding. Th opening was made at 48c. flv points below that of Wednesday. After ths selling of 1000 shares at this level, the pries advanced steadily to Joe. deFurther dealing resulted In th - ' . price clining to Three hundred shares of Tlntlo Standard were sold at $3 IS. Silver King Coalition ;beld firm at 13.78 for trading of a total of 6&0 shares. On the selling of 100 shares, Walker advanced to $3 80. Practically no change were registered by the issues. Iron King sold at 13c, Mlchlgan-Uta- h around llo and Combined Metals at llo. Quotations follows high-pric- Old Slag Dumps to Salt Lake Smelter Planned. EUREKA, Nev., Oct. 28. Shipments of spelss from the Eureka Consolidated slag dumps to the United States smelter Reat Midvale have been resumed. sumption of apolai h pmenta are the result of th increased prices st which whit arsenic Is sell.ng. Price of th chemical has Increased from 8 to 10c. In addition to Hs arsenic content, th Eureka spelss. It lg said, carries from 38 to $8 In silver and lead. The present tonnage ordered is said to range 250 27S from to tons a month. For several months early in 1921 ths R.chmond Eureka company Mining shipped an average of 1000 toils of apeiss monthly from its slag dump In Eureka, and had the price of arsenic held up It is generally thought both the Eureka Con. and R.chmond slag dumps would have eventually been shipped to th Utah amelters. Surveys were made and there was some talk of allowing the local railway to us temporarily one of Eurekas back streets for a direct line from the local depot Into the Richmond dumps, in order to escape the long haul and heavy grade over the high line through Nob hill, but the price of arsenic dropped to below a profitable shipping f.gure and there have been no shipments out 'of Eureka during the present year. With the rapid advancement of horticulture and the necessity of paying greater attention to the killing of insects, the demand for Insecticides lias hundred Several grown enormously. tons of white arsenic is used annually for killing weeds along railroad tracks, for which crude arsenic trioxide Is cheaper and nearly as serviceable as the refined. Water hyacinths In .Oatun lake, Panama, were poisoned by spraying with a solutloi made of 25 pounds of arsenic, 25 pounds of soda and 25 gallons of water, boiled together for an hour and then mixed with 425 gallons of water. Arsenic being experimented with for use In nonfouling paints for ship bottoms. for the mineral, not so long uses Other ego thought to be useful only as a drug, Is In This use Is rather limited, only flv or ten tons of metallic arsenic being used per year. Th use of arsenic tn making shot is said to make harder. the shot rounder and Officials of the Eureka-SecrCanyon Mines, Inc., report that the office buildbeen ha of the cempany 'completed ing and others placed in good repair. A detailed examination xof th company's properties was made last week by W. M. , Clute, mining enelneer.x If weather conditions continue favorable additional buildings will be constructed to take rare of the Increased force that the company expects to place at work this winter. Recent development work la proving very satisfactory and a new shaft will 800-fo- ot MEW YORK CURB MARKET. NEW YORK, Oct. 28. Trauractloo on the follow New York Curb Market tedav Were 1MH HIUIALH SLIP NEAR l-- END ar Decline in Stock and Bond imi ........ 150.00 145.00 162 no 100.00 100 001 liO.OO 227.00 381.00 Prices Believed to Have Reached Culmination. t, Si AN DA HI) OH 8, Fruit and. Vegetable Car Shipments Show Decrease - NEW YORK, Oct. 25. Today witnessed resumption with some emphasis of the downward reaction in various financial-marketh movement being, however, of a, character which suggested that the decline may not be far from Us culmination. Alik In the stock market, the bond market and th foreign exchange market, th fall of prices has bean attributable to what wall street describes as technical conditions," and not at all to unfavorable developments of an economic sort. A turn for the worse in the business situation or the moner market has foreshadowed further reckbull oning, hut th effort of overdone movement," Incidental obstacles such as a half billion government loan subscription and a 3100,000.009 remittance by Great Britain to our treasury, is cot usually long in spending Itself. In today's stock market, however, declines of 1 to 8 po.nts were unpleasantly numerous: even the railway shares declined, and closing prices were not far from th lowest. The bond market again showed more or less instability; prices for ths war loans fell off another fraction, and even th neW 4 per cent C or about dropped to 99 point under their high price of last week. The course of the money market had no evident bearing on these movements and th weekly federal reserve statement. If It proved anything, showed decreased pressure on credit facilities. Dis. counted bills, tn fact, decreased 316,600,-0O- 0 at th New York bank and $41,400.-00- 0 ia th system s a whole, and In both cases th past week's decrease fol l-- C0 ...r. Movement of Material From the-300- , substantial reduction in the wesc preceding. Th reserve ratio Increased 4 8 per cent'at New York and 2- 1 for ths twelve banks combined an Interest ng sign of tendencies in ths field of credit. Another decline In French exchange per today carried th rate to 8.31 franc, which compared with 7.47c a week ago and with 9.37c In th middle of last April. It was, in fact, the lowest pries reached sine January, 1921, although still far above th low point of post-wdepredation, the 6.70a of November, 1920. Ths explanation put forth today, even In th press cables, tnat tn fall in rates was a consequence of the large deficit shown In ths new French budget, will not hold water: first, because that deficit was plainly foreshadowed long ago, and, second, because the decline has affected Italian and Belgian exchange also and to practically the same extent Apparently, the credits available for England's next payment to tne United States partly created by the gold shipment from the Bank of England, were mostly used up In the October payment In financing th necessary balance through ths exchange market the London bankers, rather than to put out stering bills, have been selling their holdings of exchange bills in Paris of which, because of Englands much larger export trade to Franc this year the accumulation must have been considerable. as It was with Belgian and Italian exchange bills also. In so far as England's November payment is the cause of the fall In rates, it is not a Such operation continuing operat'on. usually result both In violent declines and violent recoveries, both of which ar apt to b greatly see (Situated by excited speculation. lows 300-fo- ot LOCAL INVESTMENT SECURITIES. hf J A noflf A iA h.WK Hl'lMKH A ked. lilrl 9150.09 0150 (Ml jiiiBkfra BO 00 Columbia Trtiit 270.00 275 00 Deaerrt National 203.00 310 00 Deseret Barings 810.00 Tin National of Ogden .. Commercial Natl National t'oppar fWmrlfv Btata Bank .... A Trust , Vtah Bavin Walker Bros Bankwra IE SHIPPED low-pric- 4y Rent1 TO bo sunk on ths old Scorpion mine, wher ore conditions sr exceptionally promising. F. I. Torpey, president Of th Eureka-Uncl-e Sam Mining company, reported after his recent visit to the corporation's conditions properties that underground sr extremely gratifying Development work is Increasing the else of the or 450 and bodies on levels. When the mill Is ready for operation In the spring Mr. Torpey estimates that the company will have from 75.000 to 100,000 tons of high grade milling ore blocked out above th 000 level. Arrangements ar being mad to sink a new shaft 1000 feet deep and to extend level during the laterals on th'e the winter, UNLISTED T0KEI0 (As Reported by INDUSTRIAL BONDS. (As Reported by t. A. Hogls A C I OOYEENMENT BOMBS. A. Hoyle A Co ) t. PRODUCE Batter, higher; cream-sr- y extra, 45(4c; first, (fl 458 (4c; extra tint, 41(4 6 44c: seconds, 34(44 Me; standard, 41(4 Bgga, higher; receipt, 8791 first. 041c; srdlnary first. 28S0e; miscellaneous. 304485c: refrixerator extra, 234628c; refrig- CHICAGO. 1- -4 8, CHICAGO, Oct, 28. The car lot movement of most fruits and vegetables decreased during the week ending October 21, particularly shipments of boxed apples, grapes, peaches and pears. The Lines peach season is about closed. showing heavier movement Included celery, onions, white potatoes and cabbage. Total shipments of fourteen leading fruits and vegetable wer 28,583 cats, about 430 car less than th pravioua week. With th arrival of mor thaa 700 car of potatoes in Chicago, manf sales wers mad at lower prices. Th ton of eastern potato markets, except New York, temsined firm. Cabbage prices declined in th east, os did northwestern boxed apples. The market for most other products was steady to firm. CHICAGO Oct' 29. re; one-hai- Poultry, alive, higher; fowl. 14(tlle; keys, 85c; spring, 18(4c; roosters, 15c. KYAPOBATED NEVA YORK, Oct. 28. FRUIT. Evaporated apple, quiet out firm; prase, crre; apricots, fins! , , peaches, quiet; raisins, steady. 1 g. et BOSTON CUR. Reported hv J. A. Hosl (A 4 r. ) njnmrrrv OPEMNO SALES. Blsgbsm Odens, 4000 it l(4e. ' Iron King, 1000 at 12e. c. Leonora, 109 at Mlchlsa-t'tah- . (00 st 11(4.; 000 at New Qutecy, 2000 at lc. Plutua 100 st 4(e; 200 st 47e; 200 TOO st 49c. Princu, (OOet ll(4c Tistle Stasdard. 200 WHOLESALE DAIRY FR0DUCK. (Quotations by Mutual Cissaery Company Case Fresh extra cretmery butter In 69 pound rubes Freah extra ere vinery butter la carton... Fnob extra creaaiaty butter, parchment prints Tmk firsts creamery butter Is carton,, Freeh tints ensasry butter, parchment print. fmsh hitthd ( Reach Full eraaa ehsaat. triplets Fall ersaa sheets. Young America. Full ere.ru cbm, (pound equarta Block Bwla cheese , ....... .... .... Cream brick chan it , lie. t 48c; 8.18. UNLISTED. Comb. 1 Ista ........ ...... ....... .43 ,44 44 ,43 ,41 ,45 .83 2 ,2s 30 ISAFE Fnrek Bullion, toco at 2e. Hamburg. 100 at tic. Mlchlgan-Utah- .... .... ,gjj BOSTON FLAXSEED. Mias , ' Oct. 20 nosing r.ih DULUTH, pricesFlaxseed, October, $250(4 bid; November, 2,49(4 bid; December, 328; May, $2 Si 4 ted INVESTMENTS Preferred Stock? Utah Power & Light Co. We now offer this stock at $96 and accrued dividend for $100 income at this price about shares--annu-al 7.29 You may purchase by installment payments. It has our strongest recommendation. Ask ua for details. LONDON. tea Angsis Pocattllo b bargain day round these Look ovej the accompanying list of commodities! While far from complete, it indicates faithfully the various classes of goods to be sold in this auction, and the man who can use these offerings will find in this sale some of the most profitable buys of a lifetime. Shota, all sizes Breeches Boilers, rng Moat saws and cleavers Enamel tatriewsr Undershirts, winter Overcoats, wool Camp kettles Drawers, winter Rolling kitchen Poncho and slicker Refrigerator Pillow CSM Tent stoves Pillow, feather Wagons, combat Blankets Carts, medical Mattress Harness, all types Cotton duck Leather collars Washing machines, slec. Feed bag Saddle blanket Tables, bsdtld . Butters' trays Bridles, all kinds Pood conveyer Curry combs Bedstead Halters Safety razor Baddies, McClellan Barrack bag Plckmattccks Kit bags Tents, shelter half Coffs bags Machetes, with sheath Hair brushes Canteen Teeth brush Meat and condiment can 8 ho brushes Field desks Comb Cobbler kits Canteen cups Compass : Table cutlery Pack equipment PI pan Office furnltur Baking pans Remember the date and place November 14, Camp Lewis and write for the catalogue giving ALL offerings in detail. AddressT Commanding Officer, Camp Lewis, American Lake,' Washington. The Government reserves the right to reject any or all bids, , I.A.M0GLE&C0. Lk Build your , . Ogdsn high-grad- '' tive Investment Price $7(4 and accrued to Sait Offerings include hundreds of items e of, supplies,1 the original cost of which ran into millions. They were to have been reserved, for use of the Army, but must be sold now. offerings n. yield of the largest auctions ever by the "War Department on the Pacific Coast will take place November 14 at Camp Lewis, Wash, Forced closing of the Quartermaster Depot at the camp has made it imperative that all Army stores-therbe disposed of at once, and this auction .is the result, OMS e of the Geld Bond Mortgage 6 Du July 1, 1949 Secured by First Mortgage on the entire property and franchises, and represent Its only funded debt. 1s an annual f There sinking fund provided of 1 of outbonds. standing Th company has th perpetual right to manufso-turcoil and distribute power and light In Montreal and adjacent territory. W recommend this bond as an exceptionally attrac- Bargains Offered the Shrewd Buyer in Auction at Camp Lewis, Nod. 14 In its nine years of existence dividends, have been paid regularly on the . ' 7 Pint Forced Sale at Army Depot Safe 00FPZB CLOSE. Hngls A Ce.( Canadian Light & Power Company of Montreal ' Dependable Regular V . 1(00 st lie. seller tea days. North Standard. 4000 at l(e. Plutua 800 it Me; 200 at 494e; 100 st 49c; 100 st 48He. Prince, 8300 at lie. Silver King Coal., (00 at $2 TV Tlntlc Standard, 100 it $3.13. Utah Cou.. (000 at (4c. Walker, 100 at 8.80. BUTTER MARKET. Oct. 29. Under light supplies, tb batter market baeam firmer today. Ninety-tw- o advance, near wna nearer, generally at and at that prlcn buyers bad difficulty ia Th median acorea warn tbelr aaeda. not 0 active --aa to draw particular attention, Tb nader-acorebat them wero no accumulation. howaver, found a good demand and wera acorea were moat ea Price clnaely cleaned ap. advanced (4c and all good offarlnga warn firmly and demand la wa good held, fttorac batter Cloatng prices: rreab firm at am hanged price 88 87 wore, aeon, 55c; butter, Sd acore, 54c; astvc; 89 score. 89 4e; 90 score, 42c; 9U Scat. 44t4c; 8 score. 4c. 88 Scot, 89c; 89 acort, CeutraMied carlot: 384c; 80 score. 41c. CHICAGO, An Income for You That I- s- Metal. 100 at lie. CLOSING SALES. Emma, 11.000 at 24e. ' LONDON WOOL SALES. Oct. 2d Ths wool a net ion gpuriii &nniattv'7 ante eloied today with offering amounting tn Sill bate. The home trade and Americana wars tb prlnctpal buyers, Price were firm. Compared with tb la at eerie, tb follow tug advances wer ataM; , Merino, 7(4 to 1( per rest; fine maabtvd. IS per cent; medium crossbreds, 15 to 20 per rent, ream eroaabreda. 74 to 10 per eant; Cap of Good Hope and Natal, ( lo 10 per rent; Puata Aren., ( to 10 per cent; Falkland Islands, 10 per era t. During th aerie the bom trade bought 78.300 hale, the continent (0 H4 and America 8v00, while 6500 went held over. Throng whkh it Operated Investments Savings Ed -- O' Trusts Mortgages Insurano Real Estate w tur- m llo ir ip1 's m ii vnji ir 11 ' |