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Show Surpluaof Income of $2 000,000 Shown Compared (With Deficit for 1921. Vb'W YORK. March 7. The ABnUgTTf port of the American Bmeltlnif A Refining company ohowa that the ear 1922 wa on . of "tohlimrott progress Jor the company, serordung to President Simon OuKiren-heiIncome Net after providing for general ex pen sen, depreciation, etr., taxes and interest amounted to $5,818,142 94, an increase of $4,307,101 SI over the preceding year. After payment of dividends on preferred stock there waa a surplus of in tome of $2,0o3.112 94 at the end of 1922 compared to a deficit of $2,4.7,102.64 at the close of 1921. The eurpius disclosed hy the report Is equal to earnings of approximately $3 23 on the common stock. The above .results were chiefly accomplished in the final half of the year. Balance of Income for the last half of the year, after deducting preferred dividend, was $1,640,607 4, These figures show that the earnings in the final six months were at the rat of $5.37 per Th Alr &AiHB. juul phar p cqflinSon.. increased their oper cupper mine largely ; alien d'irtng the last three months of the year. The earnlnge In the final quarter of 1922 were in excess of a (6 rate. Commenting on the company's present position and It prospect for the year 1923, President Simon (Juggetdielm says in part: Barring some reflex of a European complication or some now unanticipated over trouble arising out of condition which the companys management can have no control, we may reasonably look forward to the year 1923 a one of such earnings an will enable the board of directors to consider the resumption of dividends on common stock. "The company is in excellent financial condition. There are no outstanding bank loans or other loans, excepting, of course, the general bond Issue. Current and miscellaneous assets exceed current and mis-- tellaneous liabilities by tbs sum of ' ' Net earnings for each quarter of 1922. before deducting depreciation, depletion, bond Interest and preferred stock dividends, but sfter deducting all taxes, are quite Indio the of the - ateadiness of the Improvement and WereFirst quarter, $1,426,407.80; second qunr ter, (2. 930,(27. 10; third quarter, $3,364.-86- 1 01; fourth quarter, $4, 884,504 41, "The years quantitative volume of bust, peso in our principal metala ailver, lead, copper and spelter nearly reached the volume handled In the last prewar vear 1913. .During the last hair of 1922 the volume was at a rats exceeding that of Transactions in High Priced Issues Make Up for Nar Range of Sales. Activity on the Salt Lake Stock and yesterday made a alight Increase as compared with preceding days of the week, notwithstanding the fact that the range ef trading was nar, Little Mty. 850 St 14c; J000 st lie. d rower. Greater trading in the Lehl Untie, 1000 st e. issues swelled the totals of the dayls Miller Hill. 70U0 at le. Mirkigaa-llts20c. 200 even though at transactions, at 4J4e. stocks were less active than they have - Montana Blsghsm. 1500 at 4ic:'4000 - ' 5 bew qirtney. iO ofl t fver been fbr wmie tttner' Park Riesham, kooo at 0c. lrlces generally held firm, f Although 400 st 94.00. trading in West Toledo dropped off to Untie Standard. 1)00 nt 92 8S. 41V10 shares, the price held firmly at I6t4e. Went Toledo, 100 st 90c; 200 st JGVic. Mlchigan-Utaanother- of the favorite lunia, 15o0 at specialties, held at 20c. Columbus-Kexa- ll wu elso strong at 20c. rw YOU CURB 1UUZT. Mule May also developed surprising frisl sales ef storks, 1 101 000 shares. On trading of but 2000 share strength Total sale ef bonds, 8127,000. the booth Tlnlic security advanced from 14c to a close of 15c. Tlntle was HOW TORK, March 7. following Is the dealt in freely at In other nfftetal Trading list of trsnoactlonn os tha .Vow York Eureka share waa desultory. Corb firing nil stocks and bond! Heaviest activity was centered In Key- traded Exchange, In stone. Ttntic Standard and Park-UtaIViU rtbialm. Keystone, after opening at 01 o for the sale of 300 shares, declined to OOo for the Halea Hsh Iloae. cf Park Utah were traded at $4. Sales In Mining exchange 5c. lhl low-prii- h. at $2.85. number of shares aold, waa the most ac- tle Issue on the board, a total of over 25.000 share being traded in at 7 Vic. Quo- tationa follow I.ISTBT) I Tiro Goodyear ... ... Working on Day Basis. ta 7ia I S. RON OB Lew BI High ? 101,26 iuk.2u Liberty dVa 6 10 14 W 18 liberty Iwt 660 m 10 Libert 2d 4Vs 2)dj m 62 66. 4A Liberty 3d 41 ujej m 26 66.14 Liberty 4th ftSjUMI.lOilOe 06 Victorv uncalled, .. 2QSj W 6ij 60.66 P B Tretuwry OIL. INDBPKNDKNT .... 4s 4a4s FOREIGN. 1 72 97 96 62 9t LONDON, H 99 62 1UR BMW 96 106 106 96 100 166 an ace. S2d per 24 per cent. Money. 3 LONDON MONET. 7. Bar ailver, March Diacovnt ratea. ahart and tbrea wantha htlls. per cent. 12 BAR SZLTER. NEW TORK. March 7. Foreign bar ailver 97c; Mexican daDara, 91c. jCloee. lot Security First Mortgage Bonds B) M.I2 96.10 cost-plu- 90 66 With this triple security, these bonds are an ceptionally safe investment. Glob Arts I I I ex- y Price, 96 and Interest, Boat A Moot Corp Calaveras Min Cal 4 Jerome . j artei fDivide ... .. Stiver Ext . . . Eureka Croasua Con . Goldfield Deep Florence Goldfield Bow Sound Co Jerome Verde Dlv Knox Divide Mass Valley New Cornelia Goldfield I 7e; I I I I I BALKS. OPEN1NO Alta Co., 600 at 2e. Alta T. 4 T.. 1000 at 4c. , Cotaiubas Rexall, 1000 at 3 Or. Raima. 1000 at Sc; SOW at last Crow Point. M)9 at Iron Bloasom 1009 at Sle. Irm King, ftK at Kevtone. S00 at Sle; T409 at 60c. Little Mar, Hioo at 14c; 500 at c. Lehl Tlntle. 7500 at Micbigaa-- t tab. 1300 at 20c. New Quincy, WO at 0200 at Prince, fioO at 30c. ft indicate, StiuO at le. Silver ShieM, 700 at Tar Baby. 2000 at 2r. Want Toledo. S000 at Woodlawn. 1000 at 6c. Bums, 2500 at I Janitor, and f AO. BOSTON COPPER CLOSE. ReprtHfd by 1. A. Hogle 4 Co (A Rid Ideal Location. 14c. 47 le. Bast Broadway. Your Accounts Bettilyon Home Builders Co. 86a. Tc. Agents. See Guy Wilson, Bldg. Mgr. Wasatch 292. ,t'NUTHD SALES. Metala, 600 at 17c. Wasatch Mire, 606 at 11c; 1000 at 13a CLOSING SALES. Alta T. 4 T., 1000 at 3000 at lurcka Mines, 1000 at 6c. Iron lltoesom, S00 at Sic Combined 4c. H- - -- O At your financial secretary, aeting under your orders, this Trust Company will relievo you of the details incident to the ownership of property or investment securities. Wo will look after your taxes, insurance and installment payments ef various kinds; will collect your interest coupons and revenue from any source and will give these matters the expert, psitistaklng care which only s fully equipped Trust Company fan render. A copy of euc booklet, Trust See. vie for Individuals, will be fur. 300,000.00 nished you on request. MORGAN CANNING COMPANY Central Trust Ca 7 1st Mortgage (Closed) Gold Bond , Dited; April 1, 1923. Ine: April 1, 1913. Everyone it familiar with the histoir of this Utah industry. Organized in 19iM with a capital of $10,000 it baa ateadify expanded until today it ia a million dollar corporation known . all over the United Sute,,with two of, the iargeat and beat euuirped pea canning factories in the world. This bond is thoroughly protected by assets greater than three to one and earnings greater than four to one. Marketability is provided by the Sinking Fund agreement, which insures the purchase annually through Walker Bros. Bankers, Trustee, of 3 of tha bonds outstanding ($ 102 4 and accrued, provided bends are presented for sale at this price. , It is seldom that an issue combines SECUBITT, MABr lLtlTABIIilT K and YIELD, as ia the case with this bond. S a recommend this security as high grade1 iik each par tic alar. J. A. HOGLE & CO. SECURITIES. Salt lake city, Wasatch 889 As Custodian of COMMUNITY BLDG., 7. 4c; Tslsphnn ALSO Sample Display 'Booms Any Size. 1 APkrol I3e. 7; Wslk.r Bank Building Competent Office Girl on Duty From 8 a. m. to 6:30 p. m. Anawer Your Phone, Take Messages, Ten You Who CaUed ... Balmont . Tooopah DlvtU Tonopah Ext ... . T'wpah Mining Tuolnmn Copper ... Easter In Yards Ext ... ta W eater Ctsh Cot 2C. 1C. PALMER Ca Bond W Mortgage Phone, Light, Heat, Ohio Copper Ray Here Mine Rex Con Silver Kins Can Simon Silver . .. Ame TonpS Send for detailed circular. Including ... ... ... Mptasing Yielding About 6 yz Offices and Office Service Canada Copper Cand Mia ... Cob Cop Ml I K Assured revenue under a s contract or lease with the two operating railroads, sufficient to meet all operating expenses, , taxes, bond interest and other cfuurges. 96 60 96 24 100 10 Aof tOcAmor T0KK PRODUCE. 7. Butter, Man NEW amettlrd; creamers higher tba extras, 4S4H8c, creamer extras. firsts, 46R47e. Erse, ansritled; fresh gathered extra first Pacific firsts. 87H0t38r; 88404 39c; tame, roast whits extra 42t(43e; was, tints te a finis, 49ti4lV4c. , Cheese. Irregular. ties sad drasssd poultry, quiet sad INVESTMENT 95 S3 96 100 6 106 $14,087,000 101 ! ot bunda today vvi $0,886,000 9 646,099 praeiotta with day had year ago. 4owpied Are secured in three separate ways: 1. By a first mortgage on the property of the Terminal Company, located in the heart of Salt Lake City and valued substantially in excess of the bond issue; 2. The unconditional guarantee of tho Bamberger Electric and Salt Lake and Utah Railroads; and Btf ' Ledge szn OG0EN AflOIV. 65 6 MININ YOKK. tTRUSTCa. id'' ctf 99 Salt Lake Terminal Company . .... 4a ..... I Zm-- Savtttos Bans 96 94 26 91 8 MU 8 12 102 S! 94 46 67 106N, 1 102 43 117 60 69 1 102 102 1 9 10 4 166 V4 4 72 '7114 2 P 97 Three-Fol- d NEW TORK BONDS. NEW 1 0KK, March 7. Following sre todays high, low xihI closing prices of bonds oe th ork Stuck Exchsoge, sod the total sales Nfw of eoh bond fSales In $10(l0)j ing operations S 4a ,96 117 1 s HOUGHTON, Mich., Msrcb 7. A general wag increase, effective as of March 1, was announced today by th Calumet and Hecla Copper company and subsidiaries, the Copper Range, Quincy, Mohawk and Wolverine. The rate of increase ranges from 15 to 0 per cent. 899-fo- ot You can borrow money on your city improved real estate no commissions, no attorneys fee, no charge for appraisements, no papers sold. ... In Ktynt. rity 790-fo- ot 7 Butte Operators Increase Scale of All Employees gn 6 46 6 49 8 1614 a 700-to- at .... do con 6a 4a Cal deb 7a .. Stctd Tub 7 . . . Third Avcnu ref do ad) 6a v... Tld Oil 64s Tob Prod ?a Dil Ed, 7 To St L 4 W 4a Colon B 4 P fis A I n Oil of Cal 6a Pacific ltst 4a . do cv 4a do ref 4a Tank Car 7a Un PueL'Gaa 6a . U K Realty 6a .. Knbtw do S O March 7. Notice of s raise, effective March IS, wu Poated totiay at tho mines of all Butt operating companies. This announce' ment Will affect all employees workinf on a regular days pay. Th announc mont cam late this afternoon, following a conference of all the Butt operators. According to th mines management, daue (providing raise in tor employees working for a dally wag and Is not to t confused with any existing opr miners contracts. Contracts tional with the miners. Timber men, muckers, trammers, track mn( station tenders and others have always been under th days stale. This latter w- around class 4 by far iay the mines miners The new scale will give all 4 minimum of $5 25 per shift. STOCKS M. C. Godbe. secretary of the Prince Consolidated Mining and Smelting company, who ha returned from the Ploche, Nev., groperty, reported yesterday that unwatering operations are making excellent progress love was neared, When the delay experienced in handling the water convinced the company that another relay pump should be installed on the No. 3 pump level to aid the Cameron sinker. As noon a this was done, the Cameron sinker gav improved service. The first afternoon the pewi relay pump waa used the water waa towered twenty feet. Un watering of the shaft la proceeding at Oh rate of fifteen feet daily or five feet a h!ft. The large Prescott pump on the, level to being put in shape fqr operation and shoiild b In service almost ny day. Mr. Godbe is confident tbat by the first of April tha shaft, should be unentered and mining operations he. gun on the several remarkable showings level. on the B. F. Miller, Jr., president of the comIn Los Angela, plans to pany, who Is make hi horn and headquarters In Salt Lake, although most of his time will be spent at the mine superintend- Money Pacific cv U do ref 4a .... do col tr 4a ... So Ry gon Sfea . M-e- I c! &o BUTTE I Pumps Make Headway at Prince Consolidated Home o 7a 944- -r id Cwd-G- U do P L 6a .TTT So Bell Tal 6a -- of which were sold eo 6g ... .... .... .... -- J. h, Atr Lin adj 6 rf 4a Sinclair Con d Park-Uta- Nsw mining properties In Mexico and South America nave been acquired, and valuable new smelting and refining contracts materially Increasing the volume of luminous don have been entered, into." The report disclose that a metal reserve account of $5,923,655 51 has been aet aside, end I believed sufficient to cover any reasonably probable extreme fall in the pi ice of each of the Important metals alwaya necessarily on hand. Plenty of d low-pric- 3913. . S high-price- POCATELLO .Ohufs Main at Tirol SoutH BONDS . Srit Lake CXXpUWfe Tiding 3.31 to 7.70 A diversified list of Bonds offering s wide range of maturities. CHICAGO 66 ctra; WiaeoMi cwt; b srk Mf, $1 RoVff 1&U4 tofl Mukvd goU; roIM. tuB,xklpaentB, 94H, Rft whit, rouo4 2Sci. rLOCR. MINNEAPOLIS, Mina., March 7. change. Rraa, 95r$t 00 90r owt.; Ida gt 1.06 rwt.; Ron la. 1 )6 rwt. ; Idah saHM4 Ru MNfgl 76 vwt ; Mttmta aack6 Red fi.3v$i 920S , it for oar- - March Investment Becommendations Ak BOTATOES. Viwfc 7 Its n2ti:22l CiljrCccpany Nsw Ysrk Bank Bldg. Salt Lsk City Wasatch 1M Tlphen n Ttocr, Drt ragry Everything in Hardware1 WHOLESALE EXCLUSIVELY Automotive Equipment, Mining and Industrial Machinery aff Late Harduara (Boa ftemember eur lesatlen on block north ef Short Line Station. Street Cara fie 19, 1ft and 30 p.ts eur door. ! 9 |
