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Show i .s , Smelter "Will Make No More Purchases at $1 Until After June 15. Mint Bureau Has More Day of BrUk Actlvjty on Than Million Ounces to Local Exchange Results Buy Under Pittman Act in ' Several Advances. to The Tribune. (tpeoial in new of WASHINGTON Maft "1 the fart 'that ihn dircilor . hr mint ha stoppe 1 a or pHuj tender . of Ill t t man a s.lvir and will make no more acrptances until a'tcr J int lj fecatTST of the hip; smeltji; fomianic tn Whinpt)n toUin t plant wrt mirml Ing them to make it more piirclwiKt of stiver at a dolU.r an miro hut, beginning Jurt'e 1, to make iroUnul settlement only Rt regular market L F Golcortf of the quotations I nued States Smelting. Hehnlng & with a plant it Mining i Midvale. I tab. t Kcilcv o the Anaconoa Copper compah' heads of Rcfin-im- r & the American melting company ani others are among those a ho have Itumotf hui h irtrurUrna to the'r plant managtr When the mint buret i suspended "vceptance nn TiitRda n gTTT u admitted It had yet to pur base under the Pittman acT something over one million ounces of 9 Ivor and it will Aetiv.tv on the Mining rxenange alt Jjake yt k and yesiernsv w3 e f ir the nfjrnhr rf vtrong ad vancea scored' t specialties Kevstone. from nhi h vh fp.fr c n ts are hnrt tnrt- proceeling steyilily down caused bv the owdition of the opened at 70r and to 4 and on trading of 20 Go umhiis-ft- i a new tomhsd nln ga'l nigh Opening rf this Mrqk at 6V was fo lwed by a prohipt ilim t; a Ujr of 7f Aitjy tv of tli jn'jsh e a total of nearlv, TOnO haren w tN heavier than it Hhs been for several werk hut Het Toledo wgs le-- s activeOther fifm at its high niark of Mir Altas-wi- e c ns Wasat'h Mines Ht 3V bed fwmiv rep Michigan-- t tab at and anti llowel aruend sto ks were rather on v npnjnve teadv Turk Utah traded at $Trf iher King Gosh-Uo- n I'M) and pt'TU dei 1ned to anl rallied to iflN-on a!l the T ntic Standard $25 fed ow wa dormant Quotations I tsTrn stim ks road sdanedvetrday rf high 7r- - continue receiving tendtra ftp Jo June 15, filing them In the order of receipt m siu Hv June 15 the mint bureau expert Alia to know definitely the amount of stiTiger ver yet to be purchased to satiafv the Amef MetaL.il Pittman art and when that figure Alta TinnrP1 i determine 1 enough more silver to ft ii ion R g HU! meet the Pittman t requirement will be purchased from among tenth ra Rig f ot Coni then on fle, acceptances being in the Reaver Coper Mtaea order of receipt of tenders The bends (Bingham enf of the big companies, io telegraphing Cedar Tail their plant managers, have advised Retail them that when acceptances are re- t olb Qlar&Uii l rnt sumed by the rainf bureau thev wfH rowo Pn it reliquidate at PUtman act price such arrt ff silver as is finally accepted Crnff If It should develop that the tenders ott Meia'a made yesterday and today are not Daly ample to meet the full requirement Oragon on of the PUtman tt, then any silver Demijohn Silver purchased by the amelters from pro- Rmma PmeraM ducers tomorrow or thereafter, and Min a in turn sold to ih government at the PRnreka rowti Pomt Pittman act price will net the pro- R Tin 4oa! ducer a dollar an ounce and the pro-- . Paai Tin on dneer, following final sale to the gov- Fhm ka f ill v ernment, will get the difference be- Riireka Bullion tween the market nM hain paid them and .a dollar an ounce, price It.ia probable that 4.reat Weaiem the tender of only a few davs wi'l alena be ample Id meet th demandtrof the mint bureau. a (o 4 4 . i 4 order to get the full benefit of at f price for silver, the managemet t of ihe A Ipont Silver Mm ng company shipped the last two l&ls of (oncentrates from the ounty property by special train to a iooul smelter The first special train consisting of four carloads of concentrates from the Vipont mine and one carload from h Bavhorse mine situated near Makay, Idaho, made the trip from Oakley Idaho, io Halt Lake in eleven h ms including the time taken for ail s'ops and clearances This is five hours better tims than that made bv the fastest paaaenger In making the entire run at trains an average speed of thirty-fiv- e miles an hour, including all stops, much of the distance had to be made at the miles an rate of silty or sixty-fiv- e hour The second special train of ctmcen-trateincluding two carloads, both from the Vipont, left Oakley yesterday The four carloads of the Vipont com pa nr contained about SO 000 ounces of silver so that by expending $M9 for a special train a saving of jdoO0 was made as reUted to the price the sahve shipment wjufd have brought should it have arrived after the expiration of the Pittman act. inasmui h as ipont ore carries sile ver exdnsivelv the company be curtailed to a considerable extent. From now on 100 tons of ore weekly will be treated bv the mill, as compared with 225 tons daily during the jears was in when the Pittman stiver forie Forces at the mine have been reduced from about 3 Jo to 125 men By selective mining, partial operation of the mine can be maintained In opera-t-km- at OFFICIALS TESTIFY AT INVESTIGATION The mill will be iterated intermit- tently as the need for the treatment of the ore on hand demands Bv Increasing the gTade of concen-trub- a from its present average of about 2 JO ounces of silverto a prod uct grading from 1000 to 2k)0 ounce a ton- - a step entirely practical by roasting, end refloat ng -- the company could trcAabl maintain operations at nearer their present tapaoit) with silver ranging about tv cents an o hoe 4 However as the railroad compdnie will not aUicpt as frevghi ore or con' temrates worth more tnsn $1000 j ton and as express rates are pro iiiii'tive shipping of a higher grade t oncentmie is impractical. Sme-tin- and refitting methods In the stiver Industry were explained ro the senate silver and gold inquiry committee today by S H. Hrownoil, vice Park ft 20 ft h by II A resident of the American Hmelting Park I tali ft 40 3 00 & Refining Company. Senator Pittman a member of the committee and Author of the Pittman silver purt base wict. directed the examination of Mr Brownell and plated emphasis on those practhes of the Company under Which the miners aur-i- r a per cent io4 on all silver ore smelted Mr firowneU asserted that the 5 per cent charge was an In- BOSTON COFFEE CLOSE herttance from $h earlv dav of silver mining and presented a part of RiKrtil hv J A HorI ft Ce ) the cost to the smelting company in the treatment of ore 4le conceded Swill that in refining practically all silver . , Adtfnturf now is recovered. Aliuirek Mr Prowoell also Ar s deolarei that oml ' while treatment the m Hiagham UiSr aome instances runs to $ldbarge si A Aria a ton or at A H iw more It would be mndi larger but r uppr Kanse for the 5 per cent deduction. It was Park thy M A k brought out. in addition, that the KaC Rottr 7 7V. nmelung companiea aso require the Davia Daly owners of ore to pay penalties when tSV. 2Nj llascock 2K line and other Impurities are found lalaad t rvk 107 107S Brownell .said that, while ta. , Mr. do preferred M W was necessary in most instances tv mix domestic and foreign ore in RfH k I i out A smetmg. the treasury had refused to 41PKMN4. KAI t juirchaso frAua i he amoJ&es4i&ditts 4h4 Aunkiiu KLtaf 1UUU it Sk it Pittman ar$ more silver jhap the smelling companies had gufi based 2V,c 'U 10(M 2000 Kill. Rig it it from American miners 2cit ftX Iftx at 70c Thu. In his 2o oluRjt u Rvx.i opinion, disproved- - charges that fort ;t eign stiver is being sold to the gov Amo Po ot 700 at 4c 14KS) 4 Hv ernment at $1 an ounce 14SD I rwn I o nr at Mt Insistence by Senator Pittman that I UmN) UU a ( kurvka the actual loss io silver smeitmg was 4um at 4v4c llrmfH inoiXar fosTtnrn d ger rent. tnsteatOT 5 per Inn Rloaao n 200 at Joe C from Keilv F oept, brought 4u0 at 74K Keypn deni.aL the Aoav-u4- a May. JOOW at a vigorors grotest Cupr e Midi gaa t tali it jik over ft berlod of ears had demon Nrw tjuiocv I0U0 at Sv4, strated. he said that .. per cvnt wax North Standard 104) at t ft fftir average for the silver recoveml Park Dioghatu lKk) at 4 He joined with Mr from the ote Pin i oh 3O0 af Sftc 100 at $(40 U0 at $ft V) Brownell In declaring that the miners Park tah cent arrangement 2ii at 3 47S preferred the 5 because t reduced treatment charge Pnnee, 2ik) at fi'ac 1000 at Kansas errr frodoce U at $J o too at Silver K ng ml Mr Kelly also charged that "enj-4e- r KAN 48 1TTT May St 10U at Oliver t 1 Balter cream n wa j tunkmg a fr dsv, S 20 4400 at rf Standard 424ff43r; packtag le tow- Tietir aewawt4, "rocord 1h the heimngH ami he rhal w.- -f Tntnlo Too at ?t)0 at 7W ienged many whi'h ne int Sr DBokiniHl Kcfv VVoAHlliah to Lr lower 0o at l ax sisted, the senator was making 21 itcicH ted 28c m ski rs facts t V tower Poultry ORctanycd light Heads of smelting ompams at W 341.1! &te ;4) at Ks 1c lower jOr nioatera lower AS, ken tending the hearings announ ed toiiiv Sc" iiroiler I Hit $7e l Scot brvilfcn kwer, that, in view of suspension bv the 14k anchangeti Print' 0000 at purtreasury uniil June I. of further t min IXJSING SA1 ES chases under the Pittman ers would be paid frevaiMng market Big H :i tooo at ft lui at 00 'HuO at ylumtm- - K anil prices, instead of It an oume fot "fher silver wHr att tindcrranditr; ar 7t jrar t 200 at that should tnv Of it be aoop'ed in at t rown P the final closing of the gm rinrnent s nt ''fast ut Fa) at TV 7ii at purchases tU.v wou'd neive the U f kextone Itai jt 7jt ferenew. AH S4 lst it 7c 4ruTf tea 4 T I A 4 ' tl- . u. . 14N ! , 4- (oiu-pan- Kxpe-len- 114M1 I rr ( Pit-tm- rtt--t- - irro nat . - r- fA BOSTON CUKB Rcprrtl hr J A llogle ttki at "V A ltil I TDD M V 11111 II If h'r24mten a!dv (k S t (1 at 10 h' rh gno tab New 4q n v hxs) at 1 at 4J, Pr nee 4 Mi er K n ; ox I Pm at dava est 1usk 2vl at M at t Purer tea V ta at Mc luo 7tk NFVV hanjres HONEY AND EXCHANGE UUh St Ua Fregn ireli,Jir 4wwawi. (tiotau.xi m eots 23 91 j r otron Pitureaeioned barelr steadv. Jolv Te 1 24 Oft 24 65c 27 t24r.7 14r Oct her 24 14424 1.V cemtier 23 JuDuary, Oft 23 23 s 73ft Tc March, 60c truldl n ( often epot i Successful Operation tor More Than 12 Years qct r - Livestock has operated successfully The Steptoe Com-pn- y since 1911. in the orgnnva annoijrc'd after a rmMIng of the directors of th Silver ktrg Important changes tiort were Earning? have averaged over interest requirements during this period. Superior Loan Service Consolidated Mining company The resignation of Harry A Lee ss director, assistant morwgrr and consulting engineer was received apd accepted. James Mata a large stockholder and one of the pioneer mining wa men of the Park City district I Rif hard ejected as a director Morris, vice prestdenf of the choweav awaistant manager, and Norman N Bye as svipenntend Anotht-ent and consulting irwnnecr vacancy on the bowed of directors was filled by the election of John P Weimell, the bead of a large electrical company in New York City. The board as it now stands includes President. Solon Spiro, rice U president and assistant manager, P Morris Sherman Fargo, 1 L Harman Hanna James Werthrmer Mara and J. F. Weseeli Mr Be who is to take charge of the rrrne at Park City on June was identified wltft it management One year ago he for severaJ years of a large accepted the management property Trear'Hatlov Idaho- - rhw Ms He w thoroughly cot Consolidated familiar with the geology of toe la-- k City district and the waking of the Silver King Consolidated and the ahirt-v-t4mv a nnUr& a tv carry to a successful issue th of development revigorous campaign cently planned and financed bv President Spiro and his eastern associates five times annual A few of the FIXST MORTGAGE 7 E0ND3 of this Com- pany are still available at par and interest. Full particulars Your Courteous, prompt service. loan is quickly made no red? tape. -- We loam our own money, you deal only with us. No extra charges or commissions to pay. Central Trust Cq IntxstsaadBcnis Main at First Soath Come In, bring your Abstract or Building Plan,, and w will gladly explain the advantages cf borrowing money from us. 1 OF INTEREST -TO BANKS Securities Co. 54 So. gn 30r hr - - AND Other Investor? Desiring a Investment Main BAS BUTTS TEW YORK Ht? 31 -- for Ter MV klexlraa dollars request - upon Short-Ter- $50,000 Georgia Light, Power you drive in at a Continental station you are met by a man who is trained to know your needs and how to fill them. You find him cheerful, courteous and prompt, no matter how large or small your purchase. You may have complete confidence in whatever ypu buy here,, for he offers but one quality the best and always in full measure. The growing chain of Continental service stations throughout these Rocky Mountain states is clear evidence that careful, Intelligent serv-ic- e e backed by rpducts cannot help but gain the patronage and good will of increasing numbers of motorists. With a keen appreciation of these things this Company is constantly striving to improve its WHEN high-grad- CONOCO GARGOYLE MOBILOILS & Railways at Par and Interest; to Yield 7ro SALIENT FEATURES : Er the 4lenfiar year 1922, balance of consolidated earnEARNINGS ings after expanses, mamtenanr and taxes and allowance for niteet and dividends on subsidiary companies pecuritie owned by the public was $479 658 After deducting from th i w amount the interest reBonds duV 1041, the balance remainfor the First Lien quirement ing,e $260 614, equals FOt R TIMES the annual interest tharges on the-holes Continued improvement Is shown by comparison of the results for the months of January, February and March, 1022 and 1923 with lessened requireIncrease in gross earnings of nearly ments for operating egpnaes, maintenance and taxes, have rennted increase in net operating income in a TERRITORY SER ED Electricity for light and power is furnhed through the operating companies to Macon, Forivth, larkson and several other important communities in the state of Georgia. Gas and street railway service also is furnished trt Macon find a iarc mount of eiectrtritv Is sold in Atlanta the largest rlt in the staU Thee communities show a erv satisfactory growth industrially whch is reflected in the greatlv increased demand for electric power. Interest February 1st and August 1st in New York, 410OA denoriv nation mlv 4oupon notes Subordinate to these notes are Preferred and Common Stock of a We recommend them for safe investment value of $8,160,000 par 1F, ROSS BASON & COMPANY INVESTMENT SECURITIES , Wasatch 6042. 419 Felt Building XJSMJ..jtiMMaWWJMW MACHINERY E0R SALE . UTAH COPPER COMPANY at Bingham, Magna and Arthur facilities for service. The Balanced Gasoline m GOLD NOTES 7 Due Feb. 1, 1925, Your confidence and our appreciation . Offer- - Subject to Prior Sale, We fl to 250 H. P. Motors from Horizontal and Vertical Steel Tanka Machine Shop Tools. Lifting Magnet. Gance Electric Locomotive. 4 in. and 36-iand Duplex Type rumps. tentnfnc! fcireeee- - Fans. No. 2 Improved Ore Sampler Grinder. - Whwi Oon-re- te farrs, Steam and Belt Driven Compressors .5 ft. Folding Steel Cots. Rock Drills and Bepair Parts. 6 yard Dump and other hauUge ears. No. 23 Star Dnllers. 9x12 Steam Hoist. No. 3 Traction Keystone Churn Dri Is. 70 K. V. D. C. Generator. Deynor Belt Driven Compressor. Misc. Shafting, Hangers, Pulleys, Pipe ahcs. Fittings, Steel Plates, Bars, Rivets, etc. .I- -j ' t -- ex n vhiiae Swncwt im iIji t ills aon bauk- - 4ti4i France liemaud 6 '2- hies. 6 Italy. M denvAd 4 72- - cfctoL 7S uim tie 3 6ft aMc naad S H." de (tcrtnsnv tnand 0t4N twit1, r.He Hllan1 10 17 ienaDd Jo cshlee de Nirway 26 6S- - en oiaud, 16 fit) sWJp, drtosod "'KETAL MARKET, mark demand, 18 VO fewiracyiAMl. demand. NEW YORK, May 31 iennd 9 tV JU, i.reece de tapper wesk; 18 03 Kpui etcmrolit'c spit ssd fsturea Us.15r maod 2 81 Poland demand 0t) 8 4 xecho 2 Us Aryeatlna Yla f irm 342 tCB storakia demand demaud tpit and nesr-b42 74 f taiarcS. A4C 37tt42.0 33 20 10 40 demand. Brnslt, Montreal. Iron Meaily,. prWi aarbinral 97 9 16 Call money firmer- - high 5V low 5 lead, steady a pot, $725t?i7 Eisr firm. Bast St. Louis spot sod sear-Aoffered at niliag rate. 5, rlos.ng bid, 45 last loan 5 4 4 a IT mass Afitiiawy, spot, $? 14)07 15. ngaivst seceptancea 4 Ttmu loana easier mixed collateral, 00 I ON DON May M StiadtH copper spot. 90 Sara, 5 fig month h 6 furore 66 12 A67 2s 6rt, eleccro-irttPrime commercial paper. S 73 futures 73 PpOt. FLOOR. 200 spot,. A 2O0 2 ti, futures, 1 St MINNEAPOLIS, a May ILFlcur, 23 ! 23 2s 64 futures, ehnaged. 30 17s S. Etas, Spot, 31 JOB, futures, Bran, $23.0027 00. Meeif-e 482 .COTTON VFW TSKK Way U 4 eitee fntares. Jke, O toner 24 7 V , hsreiy steadv July TWeniber, 24 20c, JaBdar;t 23 9 c, March, i s. Information regarding ihe announcement had not been icceived b loopl smelting offices from Jheir cast ern "headquarlers late laat night Urination of The report Is expected however, Inasmuch as the amount of silver to be purchased at 11 an ounce under the Pittman act was decidedly low when consideration was given on Tuesday to dhe proposal to make no more purchases until June 15. May Management oi Eoxelder Harry A: Lee Resigns as Director of Silver King County Producer Sends Silver to Local Smelter. Consolidated Concern. Boa-elti- I WASHINGTON, n - the Putman 11 41 IS REORGANIZED The Watson oil ifimpanv has fifed in amendment to is artdes o' mcreas.ng the capita! tuxk fnmi Wf'ih into to 5150 000 in $10) idmami F hares, president and U W Wasn vice president The Srvie Meat & Groterv sm-pacf Hnrmgvile ls- Lied article of int nrporstton showing aaauthor-ize- l cattol sr k of $10 000 in $1 Address Merchandising 1207 Deseret Bank Building DepC, 0 nMMWiL yei7ag . Salt Lake City an dm ITOSMIF1 la Hardware WHOLESALE EXCLUSIVELY Automotive Equipment, Mining and Industrial Machinery 4iwfn - Tt, i. cTufd,.7fife'66l le Rsmembee cue leeatton one Week north of Short Line Cere Net. It, IS one to pets eur door. . Btatten.-Stre- et |