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Show ' c THE 'SALT LAKE TKIBUNE, SUNDAY MORNING, DECEMBER 31, 1922. 10 MIC METALS. F or.ijn aflyer Lrad (In Haw York) 8 palter (Exit St, Loui, ll wry), .pot blm ... . . , de- .$7 2S7.M It ,707 ... 014 . ui . SITS IT PEI Ore Park City Mines of Mineral Production in Past Twelve Months. Properties for 1922 At Total. tains a 1 High i Dividend Total for 1922 Is Strike m Cottonwood Prop, Five Times as Large as erty Exert Beneficial Ef That for Year 1921. feet on Whole Market. Ora production record of the Park City district were broken during the last A total of 170,841 tons twelvemonth. of ore and concentrate was sh.pped, a compared with 83,414 ton for the year preceding. 103,137 ton In 1920 and 79.290 tom tn 1919. Completion of the new milling plant of the Silver King Coalition Wine comof pany, the remarkable achievement the Park U tah company, the rich diaeoV-erle- a and Judge, made in the ae welt aa in the Silver K Qg Coalition end the Ontario, are thq, factor causing the phenomenal activity of the camp. Probably, seldom or never In the cimp' flftv year of continuous actlvttv. during which have been mined 1200 000,000 of mineral, ha the district been In a more prosperous rondit.on. Hotels and houses are all filled, the mine are working to full capacity and the number of men employed In and round the camp is as large a It ever was, except for Short period during boom times. , Underground condition at all of the mlnea the amount of virgin territory remaining to be explored, the daily result of exploration work re such as to the prediction that the Summit county camp has before It another fifty of continuous mining. 3 ear -- Daly-tVe- st Ju-ti- New Mines Output Large. The record of the Park-Uu- h during the past year Is probably tha most nota8819 tons From a production of but during the first six months of the year tha east aide bonaneV shpmenta have Increased during the last six month of the year to 26,58 ton. During the last six months the PariO Utah ha led shipper of the camp, notwithstanding tne fact that the present orebody was entered-Jethan three years ago and a vast amount of work in the way of equipping the property for capacity production ha had to be done till year. Ontario, the second heaviest shipper of the camp In reaped to tonnage, produced 48,801 ton of or. A large part of tha output, however, wa derived from shipment from the tailing dump at the company' old milling plant. Park City Mining ft Smelting v the leading producer of the district. In conof of the number sequence exceptionally large orebodles opened up in the 'a and the Judge claims of the ronemlldsted estate, the new I ration promses to have a prosperous career. ble. Dniy-We- Ora production , of the metal mines of the Tintlc district for the year 1923 continued at ths high rats attained during tbs peak year of, 1921, A total of 792C carload of ore was shipped during the current year, as compared with $042 car- loads during 1921. The total of 7928 carload does not take into account the several hundred carload of llmexTbne shipped to western sugar factorial by th Chief Consolidated Mining company or this organisations output of road material and quicklime. Because of Uve dollar an ounce price prevailing for silver and the Improved quotations for lead during ths latter part of 1922, the year just being brought to a rloee ha been a moet prosperous one for the mines of the Tintlo district. Reduction In railroad freight rates have also been a substantial help to mining operations. Th year has also been not aide for the properly acquisitions mads toy the Chief Consolidated Mining compeny. Among the mine to com under Chief Consolidated control wer the McChryatal properties, the Kureka Mine, the Ridg and Valley and the Gemini. Ths Eureka Hill and the Grand Central, both old and Important producers, were aleo merged with Chief Con. holdings, as well as a number of groups of claims on th east side of the district, . A general advance by Alta stocka In sympathy with West Toledo aggressive rise to a high of 10c, and an Improved feeling ,ln all lines were the chief features of an active session on thy Balt Lake Stock and Mining exchange More stocks responded to call during the one session than have been active for any two sessions of the last fortnight. Brokers point to the ready response of stocks to improved interest as presaging a prosperous and active year. West To ledo, which on the day preceding closed t 8c, held firmly Around 9c and $ 8 4c. Opening sale were made at 10c. After the selling of 8500 shares at this price, quotation dropped baric to 9c. From this level, ttjekprlre rose to a does of Total turnover was 27,000 share. Columhua-Revall. "which ha been selling around 13c, yesterday closed at 22c. 'Alta Tunnel quoted for a month or more a8 2c, was firm at I Cardiff adheld at lie vanced to 32c, Mlchlgan-Vta- h and Howell at lc. Old Mine Rejuvenated. Excepting for a few sale In Ploche stock and Park City Issues, Th stiocee achieved by ths Chief Conthe whole day' trading wa confined to solidated company in reopening the Grand follow; Central is testified to by the fact that Cottonwood shares. Quotation thla mines output Increased from 88 car,WTBD STOCKS. load of ore In 1921 to 438 carload for It Hi 'A.ked. thin year. Henceforth the shipments from thoe propertie taken over by the Chief Consolidated, such ae the Kureka Hill, the Kureka Mines and the Gemini, will be grouped under the head of the- holding ' company. Chief Consolidated, wilh a total of 2381 catloads of ore, ws the largeat producer iu th district. During 121 this company led with an output of 1880 carloads. Although the output of Tlutie Bianderd declined this year from 277$ carloads for 1921 to 2108 carloads, the earnings of the company are aid to have been better auu the phisiual condition of the mine greatly improved. Ore reserve tn the KaM Tin-ti- c bonanza were never as large and as e as today, officials i sport. Iron Woesom, the third largest shipper in the district. Increased Its output this year to 594 carloads, as compared with 48 for 1921. Conditions In the Knight property are reported to be excellent, a is indicated by tb regular dividend disbursements of $25,000 quarterly made by the company. y; -- c. Domestic Business Outlook for Next Year Encouraging Possibility of Conflict Between Britain and Turkey Regarded as Chief Foreign Element Which Production of Eureka May Upset Expert Calculations. T--T Double u OUTPUT low-pric- . high-grad- By STUART R. WEST. (Copyright, 1922. by Balt Lake Tribun.) NEW FORK. Dec. Tb two moat formidable problems confronting world finance at ths year end ar German reparation and the conflicting claims In the near eaL In th main, the domestic outlook favorable, but no forecast for 1922 can b attempted which doe not tak Into account th possibility of a clash between Britain and Tuijcey and the complication to which this might lead In the rest of Europe, or, does not cohslder the secondly, whk-lprobable results of an unsatisfactory handling of th German war Indemnity. Without anything untoward happening on th other side of th water It would be altogether reasonable to look for a continuance of the gradual businee recovery which has been in progress durCredit, ing the second half of 1922. which twelve months ago only begun to loosen. I now abundaat enough to take care of ail conceivable needs. I. 1 6rat f Mill Completed. Since the complet'on of the new mill at the Silver King Coalition property production has been at or near capacity.. Reserves of this mine have been greatly augmented bv important discoveries In Virgin territory. Production of Tark City mines has by no means reached its peek. During the first hslf of the year a total of 70,788 tons was produced; during the last six months this wag Increased to over 100,000 ton of ore and concentrate. Operation will be probably increased in the next six month to an appreciable exh tent. At the plan are being made to advance production from about 8000 tons to 10,000 tons monthly. Dividend also have Increased greatly. During the first six months of the year 8584,830 In dividends was paid, as wh 8570.115 for the last six; months Hast year only $232,413 waa disbursed bv Park City companies. This year total disbursements are about five time as large, sr (1.134,845. Shipment from each mine In tons for 2932 and 3921 follow In the comparative table below. Park-Uta- 1 e h Followt Rich Ore Streak Mineralisation of an encouraging nature followed in a drift from the ' tnalri adit of tha Big Cottonwood company, to omas Prichard, manager. according The face of the drift driven along the contact of a white and a gray limestone is thoroughly mineralised. Assay taken from two streak about eight inches In width averaged 82 I ounce of silver and $8.5 per cent lead. The last sample taken assayed 152 ounce of silver, 4 per cent lead and 4.5 per cent copper. The conditions under which the mineralization occurs are moat favorable to the belief that at a short distance ahead at the fissure' Intersection with the overling quart! t contact a large deposit of or should be opened up At every ehot, the mineral, eay Air. Prichard, la showand value. Ore is bring better site ing sacked for shipment in this heading-A- t same the time the northeast-south-wefissure i being explored. Mr. Prichard is having the main adit driven south to intersect the same fissure In theriihlte limestone below the overlying quamlte inasmuch as the limestone and the ore are very similar to that found in the e large, deposit of the Reed A Denson mine on the South Pork, Mr lYlehard believes that work In the Big Cottonwood Bonanza estate in Day' Fork should be productive of gratifying results In a comparatively short time. 9e. y.um. 2000 at Sc. Bingham tlaiena, 5(100 at Howell, 3000 at tc. I'MMBTKD. 1. Oil, te. J f Aa P -- ported be STOCKS, A. Ho! A Co LOCAE nrVESTMIHT SECURITIES. (An reported by 1. A. Ttogle BANK 1 stocks fl 15, 1942 Nza sf Price $101 98 98 98 Current Field P.C. 00 40 92 84 3 48 4 33 4 25 4 30 4 73 r Ve specialize 31 45 35 3 98 4 4 4 SALT LAKE Jl A. HOGLE & CO. In $50 and $100 bonds, and in all Investmsnt in small lot. OGDEN PO.CATE.LLO bond thief Mtv. Field P.C. 3rd 4 Sept. 15, 1928 4th Dot. 15. 1938 Victory 414s ... 100.42 .May 20, 1923 W will buy or iell any Issue at the market at net prio for cash, based on , our currant New York Stock - . Exchange Quotations. 4a a total the investment markets was and fairly rapid from June. 1922. Then came 1921. ts September, what has proved to be a check. Tbe check wa brought about In some degree by the tremendous output of new security Issues. Total bond offerings which were 1919 32,845.000.000 tn roe, to nearly $4,000,000,000 in 1921 and to approximately $4,600,000,000 during the past year. WhUa thia meant eevere competition for the older established bonds, a still more important Influence waa th diversion of funds Into trade channels which had formerly been available for Inveit-men- t. Rates of money interest at the same time stopped going down and turned slightly th other way. Thi tendency may be expected to continue the all the Indication point coming year to a larger abeorptlon of bank money in The rise In continuous corn-pan- ic of the mine, wherein the lessee agree to expend a minimum of $26,000 In development work below the 9 fth level, and In cae of an ultimate sale to assume ell bonded Indebtedness and pay approximately half a million dollars for the stook at present outstanding. Work 1 continuing at tha Brines mine with an increased force of men at work and it is anticipated that the unwater-in- g of the b'g mine will be accomplished rapidly. Additional equipment, recently installed, giving entire satisfaction. An Increased tonnage will go forward from th Bulllonvtlle and Dry Valley tailing. ing about 330 feet. This depth of water should be lifted to the surface in two weeks, according to Mr. Gallgher, providing no delay Is incurred. Two sets of boiler ai;e being operated: the third, for emergency purposes, will be ready to be fired up In a week so that the company will have available 750 horsepower, estimated to be more than enough for alt .conditions. A working force of thirty men ja employed at the mine. WHEAT, OATS AHD EYE. !, No. MIVNKAPOI.m, Dec. 80. Whrat, t northern, $1.20H$H i!0h,; December,. $1,201,; gold reAt th close of the year total i. Mey. "819His July. serves held by the federal reserve bank ,p11eli iftsr the hobday. torn. No, S yellow, OIQIllMtic. for the week ending DeShipment were $3,040,439,000, a rlae of over Oat. No S white, 01ii1Oke. SilIn the twelve month. The beet cember 29 wer as follows: Bristol are ver Mines oompany. 6o ton; Bullion-vill- s Barley.No.50t 00c. opinion I that thee gold holdings . Wlhe.' Bye, tailings. Prince Con., 200 ton; Dry Inactive and that It would be well. If Flax, No. 1, 2 58V)d2.5m. Prince Consolidated, 330 condition In International trad 1 BUTTE BASKET. Dec. 80. The batter nrarket die ateaclv tone today, due to more acplayed Fine butter and car of tivity and inquiry. freah 00 acore centralised were herd to buy, end in eome ceaes told at a premium. Medium grade were are liable, but tower grades eery scarce. The storage market reflected ! atrady tone, with price unchanged. .CHICAGO, r.io.JEV in Gimm $12. SO buys guarantee option on 10, 000 bushel ef whnst or corn. Nm fmrttoar Rluk. A movement of 6o from sption pries riven you an opportunity to teke ROO.OO; te. $400.00; Se. 8000.00. etc. WRITS TODAY FOR PARTICULARS end FREE MARKET LETTER. IIVESTOIS MILT IUIDE, louthwMt Cntwgli eeHhnum.KAItaat CITY, wo. CC 14 3rrw HEW LOS ANGELES Co sawttled; .$ 44,2ul.U;$! 44 21. Ei AS4I $ ono 100, 000 ii&V.. 85.154 54 20 oof SKIT. SAW 22, 215.00 B. BelLe... Ira Btoeaam . . .. . . Voo.ouo'oo L'tah Park K. MkMV: ime- blhr thisam,extras flrat. 47gtS:!e. Park City Mlolnf (lvr; : eoaat Pacific rets to white. trail, 4 Bmrlttaf .... Eg.first. 5I4250C. extra 8Hvr Ktaf CeatH. ereamery ery flrat. ....I 25 000 150,00?.IH) Oft- I'h.rae, eteedy, bits poultry, firm; rhlrken bv express. 22 b23o: dressed poultry, wrsk; turke,,, fresh 40c. ' KANSAS - KANSAS CITT PRODUCE. , CITT, Dec. 30. Better tsd nnchangeq, Poultry.; heavy uncliangcd. he, tm, Tintlc Vtak Total Total Total 1 2, 415.00 Standard..,. 12 245.00 Topper dteharaemeeta for fear . 1921 for dlobureemeete for 14JO disbursement 1414 for TVnat disbursement Total dMmrtrumti for 1418 1817 for Total dlatmraecneBU 12 5. 812 245 V 005 00 812.215 512 24 8 24.fr0 . lc higher, J9c; ethers I Grand total of divldMj$Hd'by 2,813.4-15.2- 00) QO; 7 40.7W.18 , 204 250 00 177 720 00 55 40 Oftj 44 S7 801 75 W Oof 600.0UO. 22 215 44.557.80) 00 25 150 000.001 X i 3541 and stock FORK. TOKK PKODVCE. Dec. 8ft Butter. n 0. ioldta. Retail Draco . Deer Trail 1 05 8.874 820.14 Oh.W I ............ $ Z. C. M. monthly payment. 14 511 744.44 8334.430.518 Louise Mining .034 7 50 Mutual Coal 51utual Creamery ...... T.15 North Lilly .05(4 South Heola Mining 02(4 Steel Realty Dev. pfd... 30 00 5 Steel Realty Dev. com... 200 '1000 Sliver Reef .13 1000 Selma Mines (4 1000 Tintlc Empire .04(4 1000 Utah Sliver Lake 06 o 100 Sugar coin.. 3 20 60 Utah Oil Ref 25.00 1000 Western Empire Pet. .03 1000 Wyut Oil ,2t 2000 10 . 100 5009 1000 10 ...' 12,855 004.fo 15.547 420 00 1 M2.0OT.0rt 114.810.547 50 , 45 180, 4J4 00 , . 440.17.70 . I! 507 94.1 . 1 1 226 764 00 Utah mlnea np and inrludlng 32a , Utah-ldah- 550,000.00 . 24.889,451.00 5000 Peerless Coal 2000 Peerless Coal Bond 2090 Stockton Standard 100 Sprtngvllie Mapieton Sugar 1000 Standard Coal 1000 Standard Fuel 1000 U. 8. Oil Corp. 100 Utah Fire Clay . 100 ttah-Idah- o Sugar com. 10 Utah-Idah- o Sugar pfd. 15 Utah Power ft Light pfd. 20 Wentern Livestock Lotui 5 Z. C. 5L I. WE WILL SELL CS i LIBERTY BONDS Maturity 1922, n NATIONAL. BANK nt Operations have been resumed In the property of the Golden Relief Alining convpanv In theBantaquin district, according to Manager Ben H. Bullock. An adit, driven for several hundred feet toward a north-sout- h fissure, will he extended to its objective. In a. short distance, the vein should be rut, according to Mr. Bullock, at a depth of 230 feet. Nov. J5, 1943 paid by Utah mining the year CONTINENTS Rapid Rise Checked. Excessive Gold Supply. 1922 to WE WILL BUY Operations Resumed June -- We have ample means-an- d organization serve you efficiently. 500-fo- ot Golden Relief Mine ' ms During Turning to oondition abroad, the most notable achievement of th year was the recovery in British finances, reflected in a rise in the pound sterling, at one time three week ago to within 17 cents of the prewar parity. This was brought about bv a balancing of the budget so a not only to show a large effectively excess of receipt over expenditure, but to make this (bowing while reducing th Income tax a shilling In the pound. It i quite possible. If the hope placed in the new political regime are born out. that Italy will accomplish in 1923 The what Great Britain did in 1922. condition in France and In Belgium Is o wholly dependent upon th German reparation settlements that the outcome is impossible to figure upon at the present time. France Is unwilling to cut down Outlay for the military establish, ment, and thi means, along with the requirements of the devastated regions, continuance of a huge deficit unices the major Ipart of the war claim against Ger-or collected. Germany' many ability inability to meet payment is the most disputed matter In financial decision at the present time. tr high-grad- 2nd 414 crease British Recovery Notable. industrial line. In To give each person who enters this bank courteous, prompt, efficient service is our endeavor. Valley tailing. natural back to th rest of the ton. Total, 1185 ton. permit, to send world a part of the enormous accumulation which occurred In the years followPayment of thia years' divi- ing the war. Unwatering of prince Con. the- - unusual It Is quit possible that dends totaling $5,180,828 brings the grand Shaft Is Well Under Way of American tourists abroad, total of disbursements made by Utah expenditure combined with the Increasing Investment metal mining companies up to $234,420,518. of American capital in foreign bonds and Unwatering of the main shaft of the cnterpnBfriL 1923 has been an exin foreign business Although the year mLjnt Prince Consolidated Mining A Smelting crerttts silver-leaeainet d invisible the near Ploche, Nevada precellent year for product producers, the visible excess of company, to resumption of exploration low price of copper has prevented Utah greater than over paratory In thi import. beside work on the lowest level ha beenunder red metal mines, with the exec ption of merchandise exports occur and would case export dividend ainc paygold Utah Copper, from making according tdPrel-den- t at home, way J. K. Wednesday, contrived to reducing th danger of inflation Gallgher. ment. Utah Copper, however, benefit of be would great A telegram received yesterday from Su maintain payments of 50 cents a share for these exports return of foreign curren- perintendent Hedge stated the Cameron the four quarters of the year, making in helping th basis. the Bingham mine, with Its total of cies to a gold pump and airlift wer working satinfac un 91. 248,980, watering of the main etiaft the largeit dividend payer ef torlly and being accomplished at the rate of fifteen Utah metal mine. Demand Arsenic Increased shift. feet dally or Jive feet No new dividend payer wer brought Park-Uta- h and the Deer Trail, Yesterday, the shaft had been pumped In. Stimulates Pioche Activity clear level, deny of water to the which entered the dividend class last ear, continued regular disbursement. Tribune. to Tb 'olumbus-RexaJ- l, name not appearing Special a PIOCHE, Nev., Dec. SO. Ore ship on the list last year, paid Its Initial dlvi for the ments from the Plooh district scale dend November. 1913. on Eagle and Blue Belt, a subsidiary of last week were on a reduced was Bingham Mines, paid a stock dividend account of the holidays. No work for of .44 shares of American Star Mining done at Bulltonvlll and Dry Valley $00 Associated Pharmacist o arcompany for each share of Eagle and three days. The increased price 10 Amalgamated Sugar pfd. Blue Bell in addition to paying a cash senic is an Important factor in the local tonnage of disbursement of $44 858 30. 1900 Baker Steam Motor shipping situation. A large Ploche of for lead th carrying th In vicinity Improved price during slag 1000 Combined Metal latter part of th year and tt an ounce arsenic will. In all probability, be mar1000 General Red. ft Chem. silver made 1922 a period of prosperity, keted during thtfx spring. Several prop1000 Globe Mining ' for silver-lea- d producer. With seven-re- erties have tonnages of arsenical ore 6000 Hop of Israel lead a certainty and a better price available for shipment. W Kimball ft Richards from 4 1923 th should that for copper assured, It year probable shipment 7 JO Kimball ft Richard be even more prosperous for the Utah th Virginia Louis proper! wHl be com1000 Mutual "Creamery Bonds metal mining Industry than 1922. menced before April 1. An offer has 100 Mutual Creamery Utah metal min dividend payers and been received for a bond and lease on l'New State Gun Club the amounts paid by each follow; UTAH DIVIDEND PAYERS. 1922. a I- st i"t Companies show a slight Increase as compared with those for 1921, a total of Sooth Itecla, 2000 at 3r; 1000 at STAKDAKD Metal Mining Dividend for Bon-Mini- Issues. of Dbbursements Cottonwood Bonanza Adit J customers success is an important consideration of every member of our organization because the welfare of our clients and our own success are mutually QUR . Pr-ce- Perk City Mining A Smelting Co Sliver King Coalition Ontario New Quincy Park-UtaTotal 170 841 Total output of ore and concentrates r 1922. 170.841 tone; for 152,- - 8,7,414, 1920, 102,187 tons, and 1919, J9, 90 tons. Friendly Service -- I Com-psr- 'Efficient -- rail-wa- st fp; record-breakin- - or-"g- Yet Able to Buy. The fact la that even bankrupt nations did not lose their buying power So long as they were exchanging their products with those of other countries. They must supply their needs tn th shape of food and raw materials at hny cost. It Is evident that when American exports were running, as they were s year ago, at lens than $300,000,009 a month, this represented the Irreducible minimum beyond which foreign effort to curtail expenditures In this market could not go. Total Much Higher. There has been no more trustworthy as to the extent of the indusProduction ft back to what before th measure g trial recovery than the wgr would would have been regarded car loading during the autumn. The as a normal volume, although still well cannot be accounted for by any unusual below th actual capacity of mills and movement, for th harvests wer factories, a this ha increased during crop of ordinary also. the last nine years The most important item of th country's wealth ha Railroads Still Behind. always been the crop, and these have a general volturned out well up to th average, while What they do reflect th total value is some $2,000,090,000 ume of distributive trade, exceptionally 1921. In all than It was past standard. A large aeqprdlng to greater It I true that so large a part of the th year ends, the problem of the short grain and cotton crop was marketed ag of railway equipment ba to a conearly tn the harvest season that the siderable degree been solved. BtUl the farmer by no mean got the advantage railroads sr far behind where they of th large advance which occurred be- ought to be in cars and locomotives In tween the middle of September and tbe order to efficiently handle th bustnee close of December. It is also true that offered. Th need of buying freely new 4h dis- equipment, and at the same time prohigh freight rates, have mad s crepancy unusually great between viding extra amounts for maintenance on th farm and those at the distrib- of way to undo th effects of the period utive centers upon which compilation of of government operation. Is th most total values rest. powerful argument against reduction In freight rates. Old Complaint Gone. However the agitation for compulsory lowering of rate will appear among th Nevertheless, the rise of the last problems of 1023 depends upon whether three months in the commodity markets or not there la to be an extra aeselon of theha improved immense'y buying congress, introducing ths radical elepower of the agricultural district, so ments which wer successful at th Nothi will be turned to the good of the vember election. At the moment It apbusinee community during the con- - ng pears doubtful whether the administrayear. Granting, moreover, a conf'ni-ancIts will, can 4a forced Into of preeent price levels, the complaint so tion, against together In th late often heard In 4h spring and summer calling congress If tha business world could be that the farmers as a class wer worse spring. the new oongrea that assured off than any other laboring body will was not positively to assemble until next December be In a fair way to disappear. of profound relief. th third and fourth It would be a cause was not until It the steel,' copquarter of the year that per. xinc and other of the metal producers began to operate In the black. Increased output wa neutralised by Inability to get down labor coats and byv th seriou effect of the coal and Colorado Con. Has Good Year. shopmen's strike. Th eteel mill- ar now employed St Colorado Consolidated's output of 511 carload Is conspicuous, sine during 1921 between 75 nd 89 per cent of rapacity, this property shipped but 142 carload of but since that always happens in a pedo or Victoria, with an output of 441 car riod of Industrial recuperation, prices The with loads, and Kwgle A Blue Beg with 481 not progress toward normal as production- - Conseoai loads, both are said to be In a condi- same raplditv tion that indicates an active and pros- quently the leas favored eteei producers are forced to do business at a margin perous future. During the leet twelve months Tintle of profit which brings them in relativemines have paid $679,057 in dividends, little money. as compered with $451,868 In 1921. Al- ly though Tintlc Standard did siot pay any Foreign Trade Better. dividend the first quarter of th year, an How largely thia position will be alextra dividend of 5 cent was declared for merger of Independent th Ohrietms disbursement.- - On th third tered by th whloh have been put quarter of the year Chief Consolidated In- steel companies tho year remains to1 be creased its dividend from 5c to 10c a share. through during th prediction meantime seen. the In One new property, the American Star, a subsidiary of th Eagle A Blue Bell, made twelve month ago that 1923 would improving was brought Into production during th bo a lesson of gradually conducted, however, year. Berauas of the consollda tdon the business condition number of mine listed as shippers ha under active competition and for a comdecreased, although the production of th parative return, ha been abundantly camp actually larger. Below i a table born out in th majority of Industrial showing the shippers during 1922, and linear their production In carloads both for the has been more vexing No question current and the preceding year: than that of foreign trade, but on ofthe most agreeable features of th sltua- com-peny- lion has been the marked evidences of a change for the better in tbe October To be and November export figures. sure, the rise in wheat and cotton had a much effect In swelling the total as any increase in th volume. But th main point la that foreign nation despite their depreciated currencies, wer able ta buy during these two month 1230,000,090 more in ths American market than during th two months of January and February last. Her waa a complete upset of th economic theory that, while th greater part of Europe waa commerce virtually bankrupt, our foreign could not hope for any turn. It W on any unlisted 1 2T3.00 stocks. solicit your account. Ws sell n RALPH A. BADGER & CO. WEST SECOND SOUTH WASATCH. 3330 4 |