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Show - ONMIRkKIDlINirADW , MDfeflE: DEEVEtKIDIPWENirS 1 y 5 j BUJSDNIESS NEV i Metal Prices Hold Under WEST TRADE innr.ILACTMTYiTRArTflR "i f?' a ModerateSales Volume FLOWHEAVY flaking Hanq in the Mining Industryj ps BUILDS FU S.L IN T i Producers Removes Doubt of Ability to Bank Checks Indicate 15 . ,v Hold Copper Priee; Lead Outlook Per Cent Better -- . '; : ' ' Better , Business f h Thooghthe tote! volume of butenem booked In major non-to- rBT WALTER WARREN k d th. enerl (Associated Press Buainese Writer) ,,lr- lhli.rtiUrt Qule r"r SAN t. the undertone FRANCISCO, seemed to be quite Dec. IS. toadr. stole. Metal and Mineral f AP) --The flow of funds MrtU r,. through Price .change were few Pacific coeat business channels ftiidr rather unimportant Most prpaacwayi.w.-i.li.j1iirucontinue el to expected bimm greater thaa a ago. substantial iciprorement Bank checks show xa year the uFflUU VOlllCG U2IQ Acceleranext tion of of About If per cent on a tfu quarter are year and wot anxious seller, average basis. November debits fob aj Incurrent levela The upward trend 22 representative butenem steel center, has of the 7 far western state. Ineiuled been operation, a favorable development.viewed as in too 12th fedora! reaenro rfgtfgCt " totaled 91.222.272,000. Copper Bertaf Fair ' Domestic butenem in copper dur- The Federal Reserve bank report Inr the last a eefc might bo de- today Mowed this figure waa well ocribod as fair, the sales total tor ahead of November late year, when the period coming to about I. log debit, totaled ton. This compare, with 4.IM ton. Gravel Bars. '.Will t the Nevbmber thia year 1l.7ti:n.ci had one Jem tba preceding week. The recent business day. however, on- - account Buried "Forever" mor. by primary and secondary of elr producers jn tlie matter ot adjust The 22 cities produced a turnover tfader Project book' baa removroughly ed wbat doubt existed la the minds !4.2 million dollar, during Novem-bof consumers as to the of Jute a trifle short of 14 per sellen to maintain the ability 9c. Valley cent mor than th 74.2 million, SPOKANE. Wah Dec. It basi. for blue a.la copper. fly November lut year. Fabrics tors, with few exceptions (AP) A picture of the placer Th report a quiet market for copper miner's rc to snatch gold from the gain over October waa small products, hut the burin is ex- Columbia river gravel hers before ttons daily average of 24.2 mu-comparing with Octoberpected to improve soon after the it la forever buried by th. water 22.4 million average. This upturn turn of the yean was a little more tban the usu.il The foreign market was moder- -. to b impounded by the Grand seasonal increase. ately higher for the week, the Idea dam waa laid before the November aggregate was under Minin ground that some kind of Copies an agreement on production b fortieth annual convention of the that of October, became of the likely to come out of the prelimin- Northwest Mining association to- greater number of business day in October. , i ary deliberations that are leading day. Because of the widely accepted up to a general conference next Richard Marsh tha surveying month. The data for the general estimate among bankers that the to he on covered debiu account for mor gravel meeting torefgn production 22 has not yet been net, and the ques- when the banka are flooded, yes- per cent of oil business than traosa-Mo- n. tion of where the meeting is to be terday told of th spirited activity some observer, lint the debits held also remains open. American In digging, long age thought played t the top of the array of business Interests would like to hold the out yardstick. As early as 1220 Chinese panned TBni farlKis year the 22 cities oan producer, mem to be deterMgregato of 222,222, mined to meet abroad. Sales in the the gravel beds of the Columbia T"? 17S.000 about 1 per cent more between Wenatchee and the Can- then the foreign market lam week suffered adian 911,412.207,900 total for border. Old timer, tell of the first lightly, contrasted with recent hundred, of ortentoU months lb of late year. working the The following table lieu the weeks. Our export quotation for debyesterday was 4.575c.. L o. b. re- gravel down to the last grain. Since it for the first 11 months of tha there had been year and late, finery. against I- - i'ic. a week ago 100. however, comgiving rough The Copper Code Authority virtually no activity. parison of th dollar value of bum-ne- e ha approved monthly rale, But recent development, have quodown; tas of secondary copper to hold applied a spur to placer mining Debit for 11 until June l(, ms. or for the dur- on the Columbia The price of gold lions of dollars: ation of the The revised quo- shot up to 222 an ounce. Pumps tas vary sligntiy from thorn now that would bring water to spots in effect, a larger proportion of where it fermerly bed to be car- substantial Increase Seen New. Home of Company In Equipment PurAims at Better . chases Service ' th' Substantial Increase to the de One of independent net ion mining machinery, that has takrii place during th for mand negr In to part Tear waa the construction of- milling equipment end supplies teiucipafed in 1322 as a result ot anjthe new office warehouse, nnl increase of nearly 20 per cent, in j salesroom of the Lande. Tractor tbs' vain of gold mined In the llt Equipment Company, at 242 went western Mate in th first nnelg0uth Temple tercet. This firm is 1S2S. month, of this year over well known dealer for the Salt to c04&zna&? on watern the Lake territory for the Caterpillar America. of Bank tha bua&ttt by Tractor Company. Their line con cmUva of tha expandinr of et tractors Ohd testion- - ; TDFRlRg la Jthtpr In addition to their stan- units.iin ary men California mining diction of tnet 1 of course carry a comp let will be tTt operation to that state They of Tnseb.ncry a bat if associateAt present 24 dredging lihe with in 1222 the caterpillar line, such units are at work and the operating dV ; dieesy utldorers, sngiedosers, and snow equipment- new' graders, 4 ing an Intensive oearch for . TractAr-J- k Tb area, gimiiay Activity, ttaulUnf meat company has been In buai from ibe advance m metal price, ig reported throughout the mining nea In and near tbeir present I n for the paat 21 years And districts of the west, with tha by tb end of t bid year they will mgjoi both old and new properties! he established in tbeir near diepd and a resultant demand for mining equipment and supplies of all kindsjuarten, which are of tha most -- 4J the bank comments. (modern design. They will be to better aerve their trade. , In addition to better prices th Potion which include, the various govmin.ng industry is said to be stim- ernmental bodies national, state, ulated by the prospect of eamr the progrescredit conditions: of which the RFC count), and city.-- alt the successcontractors, and sive loan of 2142.000 to the Sutro TunView of the Interior of the Salt Lake Slock Exchange, where the value, of mining stock, are nel Coalition ' ful farmers. Nevada u considof set daily. The exchange play an important in the mining tadnstry. On the roternm Is E. P. En- ered a forerunner. Mr. Landes, president of thia Around cnller. to ore the rail from left right Robert Woolley, Irting D. Lowe. W. Scott Weiier, ter The total value of United Btalee firm, invites friends and customClark Whitney. W. H. Ctilld. Arthur Unon, Ralph. Badger. W. H. Clark, liner Frit Jr.. B. VI. gold production, including Alaska er to Inspect this new modern Dixon, A. C. Allen, Blake Thomas, J. C. Lynch, George Baglin, Walker k. Konrad and W. D. hebeker. and the Philippine for the ftrstlpianu Hts faith to the future of th nine months of this year amountedicity and state to going ahead and to 270,000 090 as agates $34,000 erecting this new structure la to In 1222 a group of men ne t in store room' on Second South 000 for the same sierlod at 1911 lb commended. n. near Mam Btreet to deal m nurmr irock tbcp tm. bvy Til t.g OTTBF Saif IaiEF5locinrirh4,'gi which has played an part to the development of the mining industry in Ltah. As business increased the change moved to various locations.1 romance of mining and the early In 1892 It waa reorganised andJbuildtng cf the Blocks valu' from that date until the at millions upon millions of pcentj time its expansion has been rap jollant have been bought and sold id As mining activity broadened. though the exchange and fortune trading on the exchange expanded jhae been won and loat Frenzied la The one the of today Boom Continues rn.nmg boom and recurrent in oldest exchange stock markets operating inod of panic and lethargy pri have th wet, and regarded as one of ouactuated Southern California kng history and it the leading mining exchanges situ- - has been an important in factor a ted as it is in the worlds largest the Area mining industry of the state mining and smelting center. Itsihith kas yielded some 81, &OO.O0&,-embers boast of A uoque record od m ried were perfected. New develop- Reno, Nevada metals and paid ment of the federal government's that it has neer been closed for tiapprotunattly $4o$$00 0tt0 in dm BT HUBBARD KEVY of with the 142,090.000 dunds. single day exception project wiU remove the remaining preelou. Salt Lake City MOJAVE. Calit. Dee. 15 (AT) hondays. During the World War Officers and goomors of th ex -- For 21 metal from man's grasp. you can get title to a hen most of the exchanges were change are d A Barclay, prei- Marsh said there were probably piece of mountain if there's gold obliged to close ior a brief period on this property and ou dig long lle local market remained open A01, president a doze. plant . n th banks of the ..uu trad, and patiently in exactly river removing enough gold to Irncr PeU. Sr. third nVti!-preident. 1902 ttm the ou may become a mlUton- -t .t rgpresllent show a modest profit They H spot Mc. 1 'r- - a?d BUke Thom- comparatively complicated i Several score would-- b minereJxchMigpIace RLiUvihnT, !rlary'lr,'aKerChild J C Lvnch. I n chlnery and work th gravel more hav com to Jlojave Jooking forpVone of th most uccasialttxnre-and- W roverl " T. Kebeker thoroughly than ever before. progr-samining operators. nor gold, since hearing that th Silver0 To score of men. however, th on xted to tb th r tscovere d exchange, Mrik netted Ks stej river afford a mean of keeping ,KTrtdu5i!011 of th Tanke mine of Queen $8,250,000. A few of them haveio ahifh it rectad its awn build-- 1 a out of the breed line. Many eaa Smelting A Refining and provided trading facilities1 0f ing in American company Fork canyon make from 2 to 24 a day. Maish bv growth and changing IlM L cause said, with the metal at th new JoTrAl itiUun tln Sovnbr, R. to. find a nugget toe codton-fliw- t didn't they mngtvafa Tbla a is bo at the iam rata priees. " bile it is the policy of the dy day. aa tha prartooa month. This is no place for the amateur versgtag akout lit and, unless he's extremely tortnn- of ore during ihe ,h.PPed .49 m" it doesnt appear to be a very mainly a mining market in silver and rapper I' l!l.ve of ,lle is steeped in the glamor It Your has Tb' I. being operated'0.1 placo f.or ?h Pro;' nnderJea Bold. urge. geU. br.S. S. F tales foiled never smeVn up. air F.Tlninc they jbe.ng prospector success. 'h1' ! George Holmee. one of th dto - fee, u, -- toother mountate' will paar $ tons' &. ?,nlc. Eastern market reports and fi- ThTTrat I tab Apfi Wl the rich Silver Queen more productive and Utah Meui Most of the e"ur.D ngf "ihf nancial news have eliminated wilt 50 Tunnel. Holme children and theif from today's teeue of Th. Demist weather, be sold. If tb storms (few hundred real nunens who hsve New. due to .a early press sched- heavy enough to block the road In peat six dusty, dissppoiniing, and drifted into Mo;av recently, bs INVITET Forkcnsyonr-oprstiofkPark t'lrv mfu sometimes ule made necemarx by the bur Amerfwn ehipped 3 hungry thefdnfted the. right on nain to WJII b abandoned until epring. be claim before - !""" Christina edition Publication of added. V,?.1,. they made a strike I mountain north of here J p since here have been Some miners .The hunches of these men that market report, will be resumed stu-- r king Cc.I.uon. IN QUARgold was firat found m the hill (irxin territory wtlk Monday, edition. partlallvtiona, 40 years ago. Most of them haient proied by a new discover) f h To vtn made good wages . .. . 0Js te Pind Tree canyon, Ttnei. mfrM w th on fortunateflc north of Mojav Leads Being Followed that Holm which Ar, as follewe sundard ' miner In lO.hOd may be an over-nm Mojave, but mill make its IT Matrmotb, it Catnn(al Loreka At Tintio Gold Mine hurrka Lnu. 5. Luh Fir ris statement. Pay dirt, real pay dirt discoverers very mealth. SPOKANE. Wash- - Dec. When a proepeteor rat. xw (AP) like that of the Silver Queen, isn't VM,nl,U Mounrain from Operations at the Tintic Gold, for? North Idaho end Brttlah II old found such Colsmhta in very large quantities weithy. bo means a mere few 1. Bullion Beck. I. chief merly th Emerald, situated la th mines paid their owner .early nor so very often hundred dollara. thousand north Tintic district, are going twice a. much in dividends In 1934 lime, 1, and Gemini. 1 Consolidated, ahead satisfactorily. Manager E. E. a in 1933) a survey revealed her Prospecting activity In the vihave Hoffman reporta last night. cinity of the Silver Quern ha pickWork is being concentrated on Mines In the Coeur DAlene region. ed up lately, but not to such a .models the level, following leads Producer of lead .fiver and sine, great extent because this m.ne H of era containing gold nnd silver this year disbursed 11,447121. or surrounded mines that other by three times tbs 1913 tout. vqlues that hold oat considerable nearly promise. Operations are noder the British Cotnmln Mines paid 22 227.- - hav been more or leas productive management of William Qwsn. for- 729 In dividends fn 1914, Compared for many year. A dozen surrounding claims are merly connected with Bingham with Il.i49.944 in 1922. U; iy nt To Crowd Placer Miner From River fr fK: i,? 3 ' Dr-s- ' HB'eteSJCrW'T J er open-jeauo- fr ,n In gold-beari- -- sl. the total allotted to secondary metal to producers accruing Nichols Coppe- -. The new quotas compare with the old as folio, in short tons. Jan.-De- e July- - June American Metal Nichols Copper A. a A K ...Quotas 2,492 .... 1.20 Quotas 2,210 2.477 2.20 1.020 204 220 2,29 1.101 Anaconda r-l- it Lrwin Metals . . . Nassau Smelting 220 Totals' 10,220 10.210 Secondary producer, have agreed to reduce tbeir Intake 21 per cent during Deeemaes and January, in consideration of the priority aa to sales given, to this group by Prithis mary producers. In effect, brings the salts quotas of secon2.712 down to dary producer, ton. a month during this perio4k land Outlook Better A better tone characterized the lead market list week, total aales volume improving moderately to Price, slightly above 2.200 tona were unchanged at 2.20c., New Tork. the contract settling basis of th. American Smelting A ReSt fining company, and 2. tie., curContinuatlen ef th Loua rent market improvement of the metal will, accsrding to ooo source lead to a. early increase In prices Such a development at fbia Mason .of the year would. 01 course, be rewith considerable satisceived faction bv th industry. Anether favorable factor in th lead situation is the report that stocks of metal in the hands of important consumers mo at the lowest level that has prevailed In th lost tw years Further, purchase of lead for January and February shipment have been light so far, and some In the trade feel that tha hooka general opening of reilere' ento February business would ial aubsiant of courage the placing orders. In brief, therefore, the lm- mediate outlook is favorable for as in ere ate in th price of lead be- -' fora the end of tb year. . World' lead production during tons 722.925 October totaled against 122.20 tons in Septem- -' her. Tb daily rats ef production for October was 4.1 22 tons in th month previous Ziae price Steady The sine statistics released durthe week did not make such ing good reading, stocks In the United states increasing from 111.027 to ton. at th end of October 1 10.070 ton. at the end of November. with a committee appointed - . . ' -- Mojave Mountain Going For Dollar Per the Section ni m non-ferro- us hydro-electr- ic Yankee Mines Produces 600 Tons During November -.- i .. "J Financial Reports ...I ter.8,bir vlu,t. Eliminated For Day s tby'f y ot Join Mines. by producer, to consider what step shiould be token to balance produc- Every policy of Ptetident Boowveit afhat fecting the safety of investments Ihe endorsement ef HALLORAN-J- L DGE. Our --.'FIRST MORTGAGE . Secnritiet-wh- ieh hsve weathered the depression withste less t investors are an ideal investment for Money seeking saiety. Inquire abate the attractive interest ' - Sold bet lime 4, i Chri-lm- masr dub Members are sharing over $50.00006 lor taxes, bill add Christmas spending. WILL BUY OR SELL AT MARKET 9U. WESTERN LOAN & BLDG; CO.' CAPSON . C k BOWMAN CLAIMS REAL E9TATB 100 Atlas Bldf. UsWii 377 T . v. n; iinDSEii co. SlB-t- S Walker Book Bids. 7 J 1981 235 Main Member Federal System. T NOTICE The reports otall corporations listed on tha Exchange as Tiled with the Securities A Ex. change Commission are available to ptiblicin- spection at the office of the Exchange during business hours. UTAH Sovings , and Trust Company South Street Salt Lake Stcsk Exchange Rntrti .Member Federal Deposit Insurance Fund. ' ill Tremonton, Utah American Falls, Idaho. as Decide bow much you can save every week 25c up to 92009 qnd join tip with hundred of others who lave found this the best way to a Merry ClirisU Our V KateMilked UN lo male sure that hneht and merry for you Now is the 1935 will be MAIN AND BROADWAY Season's Greetings Salt Lake City, Utah. NOW OPEN fHWmmANJniDiBtE Prrrtxhot COAilPAWY TO Edward L. Burton & Company 2 , & EQUIPMENT CO. XMAS CLU ' . MANY PATRONS , LANDES TRACTOR Our 1935 . Bought YOU WE CORDIALLY OUR NEW TO VISIT US TERS, LOCATED AT 245 WEST SOUTH TEMPLE Salt Lake City, our location) (across the street where we will on display various of Caterpillar Tractors and as sociated Lines. 1 i i NATIONAL TREND is Hojne OwneraLoan Bonds Federal Farm Mortgage Bonds Other Seasoned Securities Co-operati- on Christmas and a Happy New Year. In Step With the flrte-quari- er many customers and friends; both old and new, for their loyal support during the past year. made possible our We Wish You a Very Merry Now tion nnd consumption next year. concentrate firmer, the marad ket held quits steady. Sales for th week ended Dec. 2 totaled around 4.499 tons Most of th Inquiry ws for metal Several teller, were diepoeed to aek over iramlum the 2.70c. bate, on orward matariaL Report, ed the teste of the foreign eartte Mill conflict. Word reached here lsot week from Brue-Mthat n meeting has been called for Dee. 29 to discus, tb Mtu.tton. The British tariff to held to be the Mumbling block for the renewal of th Accord. U. S. Bonds Municipal Bonds i l sav-nr- r ' J tl bt Northwest Mines Double Dividends rate. f --i Po? V srjn - i r , e" bn aad!7'' eond i5?;ihehi Our organization wishes to thank its Ore Shipments .--- .f |
