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Show n, - - , - . '1 , . ' - , 8 , , . I. - - THE TDESERETNE WS SATURDAY - - j . nnua i , ' - - - . DECE3IBER-119- , ' . - - .. 4 . ,, - , . S- in, , -- . - tate 0 .,'FOIL ...c0.ii4iti.ott..-;:Affet.':-"Mifio:',-04toti- , 1 ., , - I 11111 AllO OAS Ili13111 - . ta - It , Mi-tike- 1, - Il i , .. ..., ., , ., - . Attr4 OPPORTUNITY 1 OPliti . . ,... , . . , --------- 1 . . eview of M Ining,Inaustry :UTACOPPEflHARDiH1tBYTT .4P . , 4 , . , 20- , . - - . - ---,-----,.-------, ..:,.. .,,, .. . 1 , - - . . 1 ' - . . -- 1. --- - r .. Far do- NOFBeginto. Measure the Pull In.clicatiOns-Thi- t About Fifty : conditions affecting state were mainly.nonCerned...atilb:dee-,-Forteelattly-tor-thr-IntiLi M Operations Maintained During the Year ' ' work., The mines had been !of Utah. the public. util ities commis, g 1 u ry m Enactment ..Which ' ------at capacity production through- - Eon of the- state refueed te- let the Per- - Cent of But Importance of the Congressional on opera- - . kept ' greater -,haliaic-ap- s -rates on -- out the warso that ore reserves were' 'crease the fret ht sr, Negleaelf Resource tors during 1920 than in- ISIS I eirtuallyoople.oeLcioadAnataL,Illat, intyrwtaurn PrOvidi- fóIpments- when the Inter' i le- pre- - rkets and absolute national need for sta te-- advance wee made effective in ibirWits-ii-milgtit there ... t the metals resulted in -produc- The smelter industry la thel I the State.- - - ,,.duction of sliver...and, lead. Gold and; ton to a maximum atkeeping ' " Disbursements. l an tenet ana !August state uttered by t he- increased rate on 't , to development iit----- was limited . al. interstate ores because many mine k . reat extent by es shortage--of labor g Were shut down rather than pay all regard- the proepects for reaching-olPratilse,,the next- few rlItN0 the year 1320 Utah Copper company has maintained its opera- - other metal. Metal production underground .employees had to of then:Troths to the .earriers;.: The as goortmethose In the Sart - - ' - southeastern Ise kept as much as possible in ore Uteh7, Wia exe 'equally 'over--ore,,,, tiotts about 50 per cent of capaeity. During the first quarter of the .' minhe queetiott Itatattswettriectretttnirts hangs freight It than e It coul--perience a period of growth Juan coenty... which- - permitted-thing industry In Utah though as a re- the prko copper held at , of number work a in had several been for Development years. of the pending appeal made by the and development Utah ham been chiefly handicapped wholly sdc- - suit was pany to earn a small net surplus after dividend& but with the second the state mines of the e larger coromerce there to leo inter state Throughout ,..,- the year, without precedent for any section of in ha ving thie .gigcdome. xplored cessful toward the middle. of 192e in I,00rriero the quarter the price for the metal declined as a result. ofthe bottom going out been a -commiseion on decision hada bY the fact that her roads , openng bi g ore stoves i n manyaes seat. commiselön ' If increased byrates the state in her entire history, This 0 portation the copper market so that deficits were created after dividendsfluring the facilities have been SO poor and copper. Gold proel istanceetheee new sulked are not even lead . for e is th price allowed there Is no question but speeulation frequently induig- ' that the country remained inaccessible. two following quarters and with operations for the fourth quader scheduled is eleyenroduct of lead and now developed to a point which per !what production will be greatly cur- - ed in over the application of the oil ' yet even this fact now seerni to. no duction and for m third the as ' its the of same of priceextent. basis the operations for the Phyeicquarter guaging their corn- as too many operators have de- - and gas bill- in Utah. copper ores end decline in the output al condition 'longer he a detriment es some are ' so much improed tailed build the metal still lower the deficit wilt undoubtedly he enlarged.- Production for of either of these- metals iowerstahtt, in ided to Make a firm stand asel rust - Shotild leasing in- i patties have undertakerito an discovered oil of be the any: of maziy that big producers or-ne s of good roads contending ... that the the Tear will aPProximatedy be the same as last year, 105.000.000 pounds. lerel hundred's be tuokest for t h e railroads production. Silver production in I now are very much high the severe)! ---test wells now .: being to reach their drilling grounds. were maintained' at 'the regular rats Of St.10 per share per gold next year eniess operating conditions .ratee even f a .... Utah is le than SOO more drilled. this Justified. assume than principally been have There development may ''''.7 ap-- ... are badly affected. The price for t the disbursements for the three last quarters of the--- year I of' although quarter the filed accounts for lead for which Diffkedtins. . permit,' efloth such Trams's:elation ' lead is down and will have etene gigantic proportlens as to. make plications had to come to & large extent from surplus.-- lands not iclate- --marketsr. .... mining.tBeskteathe...atverse--metaly increased production of the white feet but in as much so silver l gretifest Orr bixonatritte tentlancrallee dierict. These ap- The company did considerable improvement construction work during undetitit condition" it affected,- production country has ever known. If the test ed in the Vernal he-tionsportatlon embrace 2A00,1)00' t 'nearly plicationo edly will help lead miningItt. th il (luring the early part of the year.- An wells should strike nil in almost any acres twits 'plantg-anis according to the estimate triedean any; production win be lower than It was i Production of the t with year and in strike switchmen's April out,ew lest Year becawie of tho lower- metal estimated at 11,831.61'1 I '''-''"building of good homes for a large waseragetbriecbovaryflt some authorities assert it by Regster Gould El. Blakely of the loper cent MaY op to such Quantity -. In addttlon there land:office. Prk.es; '' 'I producLeTa-...11...elz.number of employee& Wage Increases the copper. The percentage of the with unable! tiered were en oii !cal would be the greatest factor which t manymnes Declines In th& rice paid for eop- - ; S61 ounces in to Iitu. a nut Ibeen probably- been applications second quarter av- better hours for a large part of its cOvery during the'cent -- e't cars in whieh to ship their ore..,... toe state has ever experienced for prospect for eeveral hundred thousand per ,:tre sharp during the hue threes for the Pittmanlaili., in the 7thil 't and .11,...1.... stabillaed act the were resumed Wben in were shipments. also force ernageedett2t.litOeir fell adopted working I quarters of the year. to an price of silver at SI ail ounce for smelters were flooded to true h a d e- - rapid development. le would be the acres of land filed at the Vernal hind to a level toward. the middle of the United States t egmilled keeping with the company's broad goer cent.. Tonnage of , office. operators this inwould gree they t: ur,u.tire11, of most the !re which Mili doee. not Yet compelled even this figure the the ore which could have been meth less. Early ,. unlimited Policy of treating its employees creased from 1,2 i1,200 tons during year' minee to. omat l a state capital for cate the total development work whoh have aneenounced. virtually atop producthe open market once for the Pea and em ea the first quarter to 1.428.500 tons in deep - year with extreme, fairness 1.157.000 tons Bon as the market price was almost:, metal fell- below $I an ounce. Several during 1.tab's pres- condition e aZedwdettric a- a P eriod i testing every hkelylooking ,structure will be undertaken on a level with production cost. During the year announcement was :nhotheeecoo7idraque&rte erre,,nd as many companies have weeks time was required to !tit the when metal prices were almest the for hundreds of miles around those ent oifia-onIs the for of year treasurer IL production C'epper Hays, made that John Pittman act functioning end during best of the Year and naturally caused on w hich oil was discovered . Al !secured drilling rights on patented Froduction Figure& estimated at 108.500.000 pounds as; that period many opemtors ti wer 0 the state and are now plan- the company for IS years or atom Its a loss in volume of production. oil In commercial quantities 124.of compared with production brought face to face with this factining operations in the spring. . on though Average monthly production of 061.807 contracts in Increase close the special at would hint Production reeign as has never year. organization. been discovered in .1 pounds yet that they could not continue operacopper in the first quarter was 9,- companies in-- 1 Prospects antivs-edfor this year is based on the known tions if the metal could not bring bet-- power rates to mining of the year and retire from active ob5,849 pounds. matng total creased operating COWS at many roi, Utah , this oil and gas leasing bill reduction various of the allowed to The Production unless 75 cents ounce opan applicants prospects than ter duction for life. quarter 27.257.46 the mines, It compelled the only zinc will cause several million dollars to who have filed at the local land office u plants in the state for the first eleven crating costs were greatly lowered. second quarter reduction plant in the state to close., be spent In development work on the since months plus an estimate for the last oil leasing bill became ef- Gold Slumps. Output the Judge Mining and Smelting corn- - several southeastern structures. Inas- - I fective the are ae follow's: David J. Lem- dation' for employees; were made ell lower copper content and the. extrac- - month. at Park at Gold Stestimated is City. pony plant production How severely the copper producers much as the bill emelt' contains pro-ioprospect on 2.660 acres of land in tjon percentage declined a sufficient the mine In Bingha.and at the 750 ounces as compared with produc- The low metal prices erevallirg at visions for im mediate development township .0 sont,h range I. eas ,. J in tonnage was made to in- - of the state were affected by the poor non 1919. Great I'the end of the year for lead and zinc na plant At Bingham the companyl increase ounces in of 104,464 is under metal for the S. Glass, prospecting permit on all who eithhambeen crease copper production to a total imarkst price work, granted iseph ,1 houses undoubtof to lone nartmee in be are not expected copper production er lease or permit to prospect must 2,660 acres in township 2ft south, erecips of 28,697.127 pounds for the quarter stood when the Utah Copper company decline is deducted from the total., edly was the main cause for the de- - !tine, Construrtion of eine oxide plant sr 'end money in the,. sufficient for about 25 families, the or an average monthly production of as little of cline .afrirrese gold very production Produced 'et wilLoodoobled:,y mine $.1mulatettrotr..,mtlit,,, .otrauseHwrold"1,:444111""' town- from milling oper- The great Bingham is funding being located near the Unit- 9.565,709 pounds 'holt:sire to come extent and it is E. additiortto-4ha,coppe- rl rworosuraacar..aiseagiseeee,peastedwega geldr4s,novrprodueed-ttrUralt-elMetaIn.., 'south, range east; "tions. ehip mine Poe lead. a or States even zinc as ed of copper nt,A, larger .. cornpressorplantAt. produced from milling operations the copper making the volume of produc-- ', Mari. virtually certain that on 2.560 Fennerty, prospecting permit befor the for built of and commodious Production zinc will irittall bill with The ready It's advantages apply- - acres in to iplante Magna !en leaching plant precipitates furnished tion from the deep mines of tbe state. hip 28 south, range S as year cannothe estimated because most- Iieratiomearly in the new year so that- ing principally- to western states was east; J. A. Carrol. 6.;;00.000 pounds Jr Prospecting houses were built in the vicinity of the 207,264 pounds of copper in thia of ore is shipped to east- !the zinc indwitry will he further in- paesee by congress class of this of a 1920. 25. with ap.. February production on '2.560 acres it.t. tOWMAti) :0 making the total production compared permit Magna plant. for operating officials , quarter ern reduction plants. The only zinc icreased. There are no large stocks; of Regulations governing the bill how- - south. from 24.000.000 for proximately the 281 pounds 10 29.004, lien L. Miller. east; range pounds.1 quarter - foremen, etc. : reduction plant in Utah is at Park either zinc or lead in the country. The ever were not issued by the secreterY prostierting The production was largest of the theme mines last year. permit on 2,560 'acres in .. -untillass.June--atit- o Most of the copper producers are City.' Spetter production et this plant !price, for the mete declined mainly of the interior. mill construction consisted of?.- - year during the month of May when p 24 south, range 11 east; fore sehich- time - they were sent broaalc wia. i.bateangte-xt- f the outlook in for the year was approximately presetire exerted--bY t er Anderson, pounds of copper were made very pessimistic about prospecting permit modeWng parts of the Magna mill. 9.829,781 the D- lant'elen metal which wn. beine shinned cast some 4.41S.000 tons. 'market Metal .for thereafter Immediately there from the eOpper acres in township 20 south. 2.560 milling operations. . Thu- secondary cloeed in October on account of department country: ohipmente wax a rush to make filings in the land ion this months to eome so tin. production of i 11 east: Georgej. In range the s rd 'into trimmer, the quarter power rates. woeld hive eontinued at offices.in the west and in this rush was remodelled. the elevato-splaced monthly production the metal for the first few months of tri increase in, g permit on 2560. acres la fell to 8.246r,9 and eine IL bleh rate bad the, , Utah participatedvegal. hundred prospectin 24 Shipment of crude alue-orat held 7 prices with inclined tonveforS and tour ,61pounds of copper from mitt nnwratIL next year undoubtedly will be held to concentrates south. rang, east; Hen- was virtually stopped in who had foreseen the adoption of the trmwhip,4ewl a minimum or stopped entirety. permit freig l Frection of eine rtottiction ptento is propoeed bill had availed August-- when the Inter-stat- e by :0 inch Garfield rolls Installed. it making the total for the quarter from - themsasivesiOn liscresees. Lead Production 24:740 , 734 pounds. 2,560 acres in township 22 geniis.. 1 rat e advance was made. The Grasselli an abeolute need' if Cif tame Of triln. Of the opportunity and staked their the tube mills section- some Of the ta, ,.t 12 C. A. to one-oin the tonnage of the largest Lead production was increased company. and had filed their h7g...7e;;;',177,' ;:,,,,Zo. 'la.:,c;"cf,.; L;;;;;;;;; , is to continue In the etate. Freteht claims in L'ialt hies and vanners were removed and third quarter was lightmilled e than t T n an estimated production of 146,2- - 'Chemical ore buyers in the country. an- - foe the Bait Lake district 20 I ,,. rates nn sle ore shttnTlents t the applications-ithree tube mills to a unit or total of In the second quarter but the aver- 3 09 pounds as compared with produe- - zinc south, range 11 east; L. L. 'Taylor. intention to withdraw from 'east flounced where the reduction plants are and office. These applications filed prospecting 36 tube mills all tOld installed or .in age content of the ore fell to 1.0786 tion of 123.929,051 pounds in 1919,- Utah at the end of the year because ; permit on. 2,560 acres in in the local land office numbered to a ineressed been have loested point cent per as copper for with Several factors are responsible southrango-21-east;- - 0. '' compared the high freight rates prevented prof- wbere, they iteoluelv orevent profit, about - 400 when.ate.regulationa- "PPM- ,township24 't coursíTJTFthiStruction. 6 1.2130 per cent in the second quart- - this. The A. stabil-front '. silver of wa$ to Tangren. their prospecting - permit e n 'table shipment issued- arid were mostly for permits price plants zinc for the producerashorter working days were inaLIEU- -. pr and an average of 1.239 per cent :ixed be tho,Pittmow '2'ff WOW h;' 4ramiell company 0)7' operallen act- owl nuArtorrweeterri m ines.: r to proopect on,.2..561 acrea.eachin thel 2,560 acres in townshiprated-for-teoPPeettrtire Mtn quarter and the av- - 'of the lead ores mined in Utah con- - has been buying ore in the state for shove and train-waw- a Park City District San Rafael swell and neighboring range 23 east; William J. Tidwell. er was age 1 were extraction lowest the to on increaueof were these able the 1,210 acres; in PP rk City ohinments ether the producers: at the mine. Effective April struCtures. At the time these regula- - prospecting permit nearly 20 years. three quarter being 76 57 per lain Without doubt the big mines In the ed during the first eleven months of ttons became effective there was al- - township 22 south, range 13 east; Vit. production up to a good point.which had been conducted fien operation , In addition to the copper from keep in- 192q to e0.159 tons of ore over ship- S. Cooper. prospectingpermit.vn are increaeed Itam proA. pecond reason state for in district the well over a acres million of land ready on a nine hour day basis. were mill concentrates In the third quart- - duction of lead is that a number of principal , physical condition than they merits of 69.945 tons during' the game applied for under their generous pro- - 1.290 acres in township 22 south, there was produced 59.277 pounds very important strikes of this char- - better been for some time so that in- - period of 1919 and the Jude' Mining visions. range 13 east; Ernest S. Cowie, proshave changed to an eight hour day without er from mine , and 531,206 acter of ore were made in 'Tintic and 'creased metal production next year is and Smelting, company inereneed en.-- t Land in Utah which bad hitherto pecting permit on 1,280 acres in townany reduction in pay for the am pounds from precipitates leaching plant precipiPark City. During 1919 most of the dependant principally on economic i been regarded as practically worth- - ship 22 south, range 13 east: Alexan. ployees. The change actually affected tates. I 'bringing the total production older and larger producers' of the conditions affecting the industry. (Continued on page nine) leas now became the prospector. par- - der H. Cowie, prospecting permit nti , all men who work on the surface at for the third quarter to 24.103,101 In &dimtownship 21 south, Many- were bidding for the 1,290 acres ' 1 !prninds, which wee the lowest of the t the mina.' government unsurveyed lands in or- - range 12 east; Jesse W. Seely, prosF firet three quarters. der that they might gain a prefer.. pecting permit on 1,280 acres of land wages and Salaries Baked- The average cowl 22 south, range 12 east; pound of net ence right in filing for permit to pros- - In township . 'i011i. . ' M.,e- , median .,! copper produced.. Including plant de- I si Brown, prospecting per; pect. Every indication pointed as Benjamin-F-' and all fixed preciation, OM but ' im toweithfri ' mit chargea Utah would in 'hops. and though experience ,an oil Ica and their he Federal taxes and without et- - south, range 9 ease M. J. Gothberg. bill Brat boom became when the forces employederedit from gold ond silver or miscel- office and engineering fective and this is virtually what did prospecting permit on 1.090 acres In on a day. pay basis were gieen ar.51111110ons Income witt 13.202 centa for occur. township. 34 south, range 7 east; I.e. i Several 'of the biggeet subsidiary land " Cowie,- prospecting permit On cent per day Increase salaried men; the find quarter. 13.697 cents for the , in and the third gliart- 1 i companies of the Standard Oil corn- were given' increases based on their 1second quarter irktownstilyi22sont,,,g.anepa., Increased to 17.156 cents. l'tint:tons, prospecting i r position. length of service with the;i all costa being calculated in the same',, world Utah permit on 2..560 acres 25 entered, corporations nation-wide due to the cial rfratnirinireraliiiares stringency 11 was south. when bill and the east. first i range companyele, an effective bar -to staked their claims on proposed, 'Zii'd 'construction deflation 1nat-w3men were porta issued by the company. in exceptionally some Utah of .'the on the Lake Salt traded! fortunate Stock l Income from gold and silve r and any hull reirket movement- TRANSACTIONS ONchoicest locations in the most likely from one standpoint in having Per- given an increase of lb cents per shift. miscellaneous inCOMP Exchange during for the reaperSlums Improvement- they all were on an eight hour bas,s.. t I" looking ott bearing etructures. The eral large eastern corporations come In ", LAKE'THE the history of SALT APArtIVA,,,bxougAt cott 1.0 ziae ,ino- ease cr The eann I nit. The Olt game this financial stringency Ohio Oil company has secured per I in and prospect-fin general for ' ''''''"'"."--éhiniccopper down to 3 11.93 production the board. Sales of 23,389.199 shares! and car department employ- cents t stock market activity so that mite to prespect on some 7.500 acres. at beet itt recognized ris a prospect EXCHANGE depressed in per the pound fire a d an sailGarfield and the Midwest Carter quarter during 1919 established a new record, et of Bingham only for capital and in supplying this! the decline in business wae very ap- The Matador, 11.762 cents per pound In the pee- The underground att find obtained equally good the big companies who are to teat way. parent until in October when a slight companies Number Marker quarter and 14.74 cents per pound for trading In mining shares on the! in various lands franchisesfor Utah's geological structures have an 'Bingham increased wagex 25 cents ,er in the parts and Novembers occurred improvement Value of Shares quarter. At the begin- - exchange. Total sales for the first :of the state and . the oil interests of i almost unlimited supply. shift oh April 1 also thereby bringing ning of third record that a turn had ,i,.., Sn141 of Stock third quarter the price a v.& vs".0. .ml,art i ...H.,. of this them 1.p in the same irate as pant nil or copperthemetal -I 3 593,054 beenmade. Early in December fell to 15 cents per! I 774.721.18 January clyrni:Lejd';ith-'ea.leo.,, e other t .,", i ininIng camps. 1 eizadieg- - 4nereseet.-ttr,- a Fet,ruar7 outcome of the test The Ohio Oil company Is about the ,,,f oupper ranged trom-- pound and continued the decline un- 30 the anxiously-thMimicertent as a result of mine - f ftlitlrigte:-','Ide- e :great &MI ithg. :', 'the value of t he Apto.1 An Pve' only one which has undertaken 'sten- - .. and it may duplicate its mar- wella, tot1 rth quarter 405,148.13 1,441,483 to an was ett,i ellghtly under that f,Jr the siversperatis up to the present time. ket activity of a year and a halt ago '.. maintai n ed a similar cost to those trading itnareoguptilaotni,;n s founodilU'and May 264.100 , .,,,,r pound In th e see- - er. - 414,861.115 of 1,:-...They have undertaken to Arill three corresponding - period it searbeieg. caused boom trading. when It cf June the third 353,347.32 t 7.118,412 the ' quarter DWI (1. ' .comparof willtlf,111.381'.37 as comparedwith ' ""d 1"''' a When it appeared that there might ests almost totally unPrepared and as test WPHS. one in the San Rafael 237.151.29 1.139.121 ProducIng copper at an actuac net! value for the liele business of the which a most lands have Swell. result in ""rag. the turd quarter. be 54.461-of anrther in the CirCle Cliffs and lossbe a good spring movement in the 214.144-4- 3 However thin condttion cannot 1.627.434 1 ',There Les Detn a further decline in continhe applied for todate have been ; a third at Cainsville. They have al- market the brokers decided to discon- beenoutside nt,er 1.694.299 279.13014 long ae coat factors are etart,,, 33c,39. interests Muchof the wh,ch in by some 8250,000 in the !ready the lecrease shares apent the brngs and transactions. seller quartr tinue sixty log to adjust thernsetvee 1.042,4144 144,003.57 time there .have :roads to get their rigs on the building 1:p to e hea,.e of delivery on future selling Nos yrrib.r ground. period to a large ' 197.44183 773,010 adjuetted e twenty-onbeen permits-Jivprospecting' fur third the of sales in a nurnher of low extends from Marysvale through quarter. dution was shortened to 10 days. As a result timued extent before I the y ear . volume Mocks 60.000 acres. Widtime Total net profit for the first quarter; Labor ts still the c lose of of nearly over embracing I an the with top of a 9,000 foot companies .,only a very small short interest was in or- there twenty-on- e paid nt the mime! priced was lot the eeconell.i scale It was being permits seven ',mountain to Escalante, across the This e high capitalization n g 11 the market. few of the brokers being when copper was clenucially te been hewed to local residents. ert to the Circle 52,14;446e-9and In the third, selling above- pitid ass of trading did comparatively lit - tto, 15.6 22.009,211 $4,110,187.9 to to 'quarter stock customers for furnish Cliffs, 20 able cents approximatelY per 7 pound all of the Involved in lands I 1 t $502.-fell rofit to Prectically ire net tle p to N'Alue swell s the total Ile miles in length. The secopil for Me trai- lquarter Tra short outright When the depression for the year Stripping have laperi, within 'tends from 60.000 are is thoilitful if there sae es :i3.50. DeC:iLe tn tne price of copper remitted in the started there was no sustaining interSigurd over the mOnntains g 1?14. 23,3311.15r 35.071.21041 nf approxi- - mueh Itreal -i ' out profit for fourth! m8tely-- 32,500,040removal will probably to Loa and from there to Cainaville. re8aa oes athnett a..el the slack with public the to take est buying though up cubic rards of cap- fiasoe vet htep.rr , te- a was last year. operat,onss eult the stocks which had made rapid most of qua' ' loins. In the firm quarter a tote! of there in w it I dTtheeteoncheinoclotembaunt yl The regular u.vidend of The year opened veth ap unusually! rises-ithe - early spring movement does not mean however 4 from per, 839,712 ;ethic wag removed be- ' la i that this Or...i e ageregatihe 52,436,:35 Was paid, I ng a monthly yards ' good trodwhen stock declines elniarket, more av erage of 279.904 cub- made January trading being! rapid generally' that the headquarters carloads of the Only probable etructure which is i !ths,,Wyo...ming - tech quarter to the stockholders... The lc to aviest and of greatest value of ch3-e- e ty the -, A of most number extente wiffered a declined. to be volume In the second great ing machinery and le quarter the attention as PreeticallY. l PrePared to ret surplus alter itivioend in the firm', totalyards. of removed capping we lower, any month in the year. Sales for that! (eine in metal prices was also reflect- - efforts have linCt been made to rein- being given : ei)end on the three test-- St33.854 GO 86. nes were mnnth t 3.593,G54 shares for valued stocks quar.er wellg nAfirlY mon0.000. tut el ;n the market Price for Profits; monthly average of 2,53.fin cubic state the longer period of days regarded for some years it: Ialled to moat dividends during the' yard& The folirewing month i Seim. not onle - deelinede-bThe future of the oil and gas lea.. Tintie future deliveries but the market has has been Removal of capping inereamed 3,74.771.13. ell likely country. tecond and third quarters and a deficit in the third quarter to a total of 8.50... the total- sales were 7,681,1e3 ehareel tt'a,tearti, which came to be the been riding bottom for so long that ing bill In Utah may solve her entire was in- - 518 cubic rer dividend rif Rig Unexplored (Mil tiome, or a monthly average which traded for C57,915.59. Therel hztr,mcter of the rock exchange badi most of the brokers have adopted the ttaxation problems' under the proylsions,- tUrre d i n the second The-futa was In and the of 2e3,506 yards bonr-1decline low to furiner March are 10 at and' of cleaned this the bill. Section 35 of the regulafrom its high point cubic verde. attitude that prices early stage is deficit after dividend for the third but May trading increased 'to an extent-tha- t will care to ern short so purely speculation yet the proepecte ,tions provide that 20 per Mine operation; In the first and last April the yalue of the pent of the &O. I The fourth quarters were conducted mainly on total sales of 2.734.100 shares salesi accrue. Many of the are Po Promising according to geolo-- ; iroraltieti derived from rentais quarter aft $1.933.7ii inch tot at wax affected materially.. ts or teed ler $414.1161.2S. From then on quarter operaLons are expected tO he the lower levels of the mine that this speculation ill more' duction before the bill became effecafter the sharp declinee leietriree was helped during because on about au equal basis with the op- of the great expense attached to keep- until the end of November there was a early earl ef the year. by a big move- - t had been made that a hie error was likely to ,undereetimate than overes-itiv- e (khan be paid to the at'ite and erations dqring the third quarter. ST tho upper continued decline that brared in only meet in Prinee Congoelated. The rrade when future trading was banned. Umate what actualty will occur, ing the railroad tracks cent of the amounts of the e(mpanys :eaehing; levels clear ofenow In -- one tuonthSeptember,when armee ele price levets at which the 11.11.1- - rmiva,nY started sinking a shaft to tperaton There , W33 letel-e'l limCant-n- t ave-beenin resamed a a in short If of l'Ithis held when eekeernielit not. pushing prodoetfem to es- - ne" ore- - beddingsdiselosed nagira two V:79,124'Sev'll'I Janda he paid by the ghatl , - teeteeee-steare- e. I td way May I and some copper madet . lerStatee In . market been had the declare. dtamond the intereetil work public geologists and drilling pacify They veereery of the treaeury to the state toll:lilted the entire eastern of the year. Inl Fright handled over the Bingham ,durtng tne runtainder-was ao great that a strong VII their orders. with the reeult of the Trading of the first quar'er of the int elope rtist-i- tin the second quarzer the leaching tend Garfield railroadet averaged 17,4E8 Yelr area made important by the twig- - h To estimate or even plant - ai thla , firtiott in nntte StartiArcl whleh went np..cl in the stock. The price quick)," dere(' by anrhing and the stock prices beyond the suites border as probable iltne what this nuring-Meffiquarter. cent of royale -- - li perspeculate Oil bearing ,country. of copper and in the third quarter There was an average of 14I 877 tone to a high of 37.16 Pin the result t1j rottte to a high of declare made mainly Many drops. unteruallyeharit $1.17,, e Ma the-01,31,21,5 ls ale In the third quarter. of ore and an average of 2.581 tone many rumors. chief ef shichwatt on threuch the efforts of one brokerage. .Poletewhielt tremaine detail- - 'Mose impess ible. Yet pounds. when a alight buyingemovement is discove to whether the '044:iron on erect in that an offer' sit114,,per .ahare-to- ot a trent Oubliette 'Cam-- IPPeared in the fall it seemed to be a tut Is other freight handlood per precipitates shipped from the mins. of . det 1n beenwhich even quantities shalt a ma i.e'eeeretre by one of the elnelung Paign On the rock tiut that support proper time to reituttate the future this eastern part of the Wasatch has proach the expectationa of the e P.. "1111131--tcmilled- d uring o- fr. e' ight handled increased to lit.- - eempantes fors eontreiting interest in left the stock with the starting of the trading practice. to of been sufficient of make it ors Indicative the tonnage -- -t-. e IAM, three quarters was 4,20 A.900 : oes tons. The increase he doe to th e Property. No confirmation of finendro strintrency which took eiterY- - chantreen attitude to this class of trad- - reaCil, oil by bPP;It;t ranperogileraedem d's :1:dschool p:t:tblli r, :'"'... ton. Fourth quarter operations wilt; heavy or shipments in being &met t'hfc an btie three or fisarlat,th this qarter e'reh an Offer wee made.:,but, itea eivine orrthe board-ber'rile. I vitt' o to their obeervations of telt:8-'mem ber. of the exehange treed according and the dalb, average., itecePtter tut corning frnm rood evihele. elecueseeasitheeheerestrit-th- e -- -' tring this., total to approstrastely,ents14,015-ttrnoimprovement a and CevelopmPrIts - eifrieeee 1044,i0,000 tons of ore milled during the of other freight -was. I t ha etock bad. a quick break to the petition to rptnime .seller sixties" 'Mei geology embraces the whole of Duch- - eeeeeriaateteemetheetereees1 gas There-WtUln -1 r rapid- - governing beard. lieweeee.,,tteefaehase . de decreaee in ern in the eotiany hid received euch level from which It had bill. IAA of ore milled', freight shipments during the . third an offer, with the reeit it theeitireeiteeeeeeyeeooated.,Thie,deenneeterts.-teeen-- vetitIon and it wayne. San Juan. Garfield tin& Kauut4- v 1 i'll-1."-- t Pere throughout the list that the probably will he left over for action by counties, taking In nearly half of the , lute! ,wilich during the first quarter d was .;32 itisio mattes entire aceesge. - quer-- . crease in ore tOnnage from the Utah ple loterested neuter' on holding for reek market value of many issues le the sew hoard, copper o.e. I of In mine. Milled that When trilnieg at a ter this for the average grade their holdings. share ,., lower than -machinery at the Copper lla quarter actually - I'Veh tlieoeenin e I , being sunk ,IeF.eniLece."freetS. ITvehdattrolOmIll . -trail 1.21,30 per cent copper And in the' daily average of freight ---,, 4, shipments ihhee iiiinc ' there was an lby the Ohio and other companies. some The Bummer montherirere character- - . Pird ilharteZ-AbiLaquarter the I rensperia tion fleet, whet u are ge corporations cent copper. quietly drilling lot 11,342 tons of :Ore and 2,125 tone resulted frorq tee outlaw'reritchmen's11m.ct not only by usual deprelOn ' Uinta basin' the finone ,., a '''' ItcrEitraction with other find She on on a aeon , effect of strike had such country, but the t freight. (Continued quarter tags ten) during depressing erthey typical of at , 1 . ent t, - - pobed-VetoPm- - '- l - of i Of ealom"o;tr7tisPrtn9duucchasci.n-tthdeeCiljZedstbi7tg- ht ' - r- s 1 . - - ..t , I -- ,..14-alno- --- - 4 Cem 1 f lif A Capadtyz--:DivideidsMilitamed- , ' 1 ' .. and-tra- ns- I I 4' - . 4 j e- i ' treased-productioama- , -- l'""'" 'ig -t- ie. I elair i ...e . "a el -- - this I ,; i., x ) - I , t -- - I ' k I i 1 4 7 : . I ,4 Improvemen o- : di-producti- dent. ' ; T'rrr''''' .. te :. I i ', I -- ....I. - --- - , -- ! ig Tt,r-g-e- . - - f : . - . , -- - - i ' -- -- ha . t , . 1 pr , : Record of the Year On Local Exchange Shows New High Point In Share Trading -' - - , -- 2.50----tterert ,14-- I" .1,0,aag4.41,0,,Dasubr-calhett-.1md,-htheieny- , '''tit;ifallIg ,k -- s f - i ! I ! I or ' al ' , T . . I t -- ' ' - -- ' 4the-14-5,14-'446- &en-age-- thF------, - -- , 1 Jv - fili, - ! , - I the-pres- I 1 - e I , - . , ie deg-hav- I I- , - htahe I 51-5- . - ! bcts - ut -- ithi eganntdtihnteo Oh5asmsthliesp.0-e- - . . , qter one IN , l - ' --- - We - pro-gis- , - .ti P. " i 1 s : -- ri r - . NW gr-a- -- "-- thel-sion- , - I -- 1 . . - n1oredfromroyaitts4----artri-et,orsio---- ray -i - ure 1 ' E . 1 - laru elle loti. e:::: fee.7 . . |