Show b aaLWttaxitaaffaiXlatr' THE SALT LAKE TRIBUNE SUNDAY MORNING OCTOBER 4 - IRON THOUSANDS LONG TONS or ORE PRODUCTION IN UTAH- - 1911 TO Silver King Coalition Sells at $44J Saturday 1930 MANY USES Park Utah Down to $125 at Saturday saw prices down to their gained part of Its loss by closing Ten thousand shares 15 cents bottom level of the week on the changed hands Salt Lake stock exchange and nearly Taking the trade from the week’s all the higher priced issues had lost standpoint it was one of steady detheir gains which came with the sil- cline from the high levels of Monver price flurry day Sliver King Coalition was down to Silver King ' Coalition dropped Utali from $4 45 on the exchange of 100 shares from a high of $5 Park and Tmtic Standard on the sale of $ 90 Tintic Standard from $355 and to 99 100 shares was down to $3 32 Walker Mining from a $102 Park Utah sold off to $125 on the cents An odd lot Tintic Lead held well and sales trade of 450 shares Chief Conwere at 83 and 80 cent brought $130 cents solidated was between 42 and 40 Big Hill responded at 17 and Eureka Bullion went from an cents Eureka Lilly sold at 12 2 cents to a close at and 13 cents opening at 17 17 cents Fifteen hundred shares New Quincy on the report of the sold Chief Consolidated on the sale discovery of ore In the mine's 700 'level made an overnight climb to 23 of 200 shares went at 40 cents cents on New Quincy was again lower and 'cents but sold off to 15 cents and then re- - the week's clqse opened at 14 ILL COPPER HITS eelab-llihe- MINING BLOW 1 1- 2L Industry May Go on NICKEL HAS ON LOCAL STOCK EXCHANGE Ore First Discovered by Pioneers in 1851 Production Begins With World War ural resources ' SEEK SEES PRICE DECLINE UTAH LEADS WEST IN IRON DEPOSITS Editor’ Note: Thl analysis nd the accompanying graph I part et the d work bring done by the newly University of Utah bureau ef uneeonomlo research Tht bureau der the dlreetlon of Dr J R Mahoney assistant professor of economies of the university's school of hoslness and Dr Walker plans to make a complete study of Utah's nat- 1031 Holi- 1- Nourusting Metals Bring Attention From Industry WASHINGTON D C — Industry is mobilizing a number of metals and alloys in the chemists' war on the copper waste of rust Chromiulfi brass snd other copper alloys and aluminum are substances whose Industrial use In part at least have been augmented by the fight on rust “One of nickel's chief industrial attributes is Its 'willingness' to mix with other metals although it also is used in its pure state” says a bulletin from the Washington D C headquarters of the National Geographic society "It readily associates with several By DR DIL WORTH WALKER to Re Associate Professor of Economics day in University of Utah vive Prices Utah probably ha the largest Iron ere deposits of the entire western XL states The principal deposits occur NEW YORK Oct 3 in disconnected masses within a genWet it Wfefc Year Year eral area of Bhout one and one-hathat discussions for further Bid Asked Low LISTED STOCKS Low High High miles wide by 20 mile long In what curtailment In copper output will be district Iron as the is known Springs Iron county approximately 250 miles In progress before the end of the of Lake south Salt and Improving City The deposits month were seen today In reports ualities It also lie for the most part on the eastern that all of the Important copper proand southern slopes or foothills of ducers of the world will send repre-LL the Three Peaks Granite mountain "Nickel and products of nickel ma- and Iron mountain at elevations of sentatives to New York 6000 to 8000 feet The ore is mainly The trade Interpreted the reported fingertips In modern homes magnetite and hematite usually In- coming to New York of representasinks to door termingled but In some places segre- tives of Kio Tin to anging from kitchen Katanga and gated The magnetite constitutes aptable tops refrig tnobs including Inas proximately 70 per cent of the ore and northern Rhodesian producers the hematite about 30 per cent dicating finally a real willingness to These deposits were first discov- cooperate In finding a lasting soluLSL nts and plating radio tube ered by the Mormon pioneers In 1851 tion of the problem of overproduction an Iron establish to safety razors plumbing fix- They attempted for the harassed has that Industry ore smelter at Iron City but were un- the last two years successful because the coke produced Is Continuance of overproduction from the nearby coal was unsuitable estimated Silver plated ware usually is In already to a film of for Iron smelting on account of it have cost the trade circles between containIndustry being weak and friable and on the 830000000 assumpand ing too much sulphur However they tion that the Resists Salt Water Corrosion price of copper could managed to operate a small furnace have been In Its either "In drop stopped the city streets huge nickel alloy of five tons daily capacity during between 11 and 12 cents a pound or thumb tacks’ flank pedestrian lanes years from 1874 to 1876 The product between 12 and 13 cents nickel alloy building towers and was taken to the silver mining camp It was said that solution of the trimmings gleam overhead while unat Pioche Nev and to Salt Lake City will be of Haroverproduction problem the from came used coal derground telephone wires ‘wearto The most of the copper small nickel alloy loading coils mony mountains five miles to the shut down of make telephone conversation clearer southeast and the ore was taken from mines of the world for several About and to speed transmission the Duncan claim of the Pinto group months to be followed by resumpto tion at a rate low enough of the gleaming metal permit Table of Percentage Given fairly rapid reduction of stocks or tower of the Chrysler buildmg and The average composition of the ore else there will be a determined drive 1925 1920 ? also the metallic ribbons adorning In the Iron Springs district accordUnited States producers for a cop the walls of the lofty Empire State fol- by WALKER as is D and Lewis to Varley ing are nickel per tariff building lows: Domestic leaders In the Industry "Because of its toughening effect Pci were said to be confident they could on fellow metals nickel helps make 580 obtain support of most of the large Iron travel safer Frames and engine parts 70 consumer of the metal In a plea for of many automobiles contain nickel 02 a high protective tariff on the basis Phosphorus Once all the bright parts of auto40 that a flexible tariff would go far to Lime magnesia mobiles were nickel plated 10 effect a stable price They believe on Page Ten) 30 fabricators would even prefer to pay Water 027 more 0 If were for Copper copper price stability 0057 assured rather than take chances on Sulphur Jess T Bflsei C Davies Manganese obtaining metal for less In a market Shrink-FroShow Soda as as the Big fluctuating uncertainly Figures Go Potassium present one alwas It Those that reported meetings Stock Exchame Members Salt Lake Other iron ore deposits are reportto the best Waa 7028 23 West 2nd South ed in Bull valley Washington county readytohave been held as action hasten and tariff way 1929 of and In the Uintah mountains Uintsh and Wasatch counties The Bull val- charts and statistics areto being prethe U 8 for presentation ley district lies about 25 miles south- pared By J R BRACKETT west of the Iron Springs district snd tariff commission at Its hearing late The value of certain nonferrous The are Gold that yellow metal for which this month YORK NEW tariff hearings (AP)— southGarden extends from metals recovered from secondary Springs west to Bull mountain and 40 to 50 scheduled to open soon after the pro- sources in 1930 Is reported to the men went dramatically to death in more romantic days has The geological fea- ducers' conference starts miles beyond United States bureau of mines de- Indeed become a thing of economics— a metal of quandary tures are essentially the same as those partment of commerce aa $193255-10- 0 and less than of the Iron Springs district There down and work on the deposits Is paradox which $137773800 Fist Connection! With Ail Markets A few years later several has been a small amount of trench- stopped In 1929 and the total quantity deSome British financiers have proposed an International Dependable Servlre In All Unlisted ing pit digging and tunneling but no claims were patented by E P Ferry creased 24 per cent This decrease Securities to consider the redistrtbulton of gold now so commercial mining operations at- ana in th fall of 1902 some assess- In value was partly due to the lower conference la reported having been ment which work for and States of United and the made France held estimate an even nor lead by of largely tempted copper yrtirly average prices the iron ore tonnage contained In the done zinc tin and antimony in 1930 There England has such great 01 8 Or Uintah Grade 1000 Big BIX Oil In decreases High moreover were deposits large Just how the metal which stands J 25 100 Corporate Trust Markets at a Glance The Uintah mountain ore Is a red the quantity of each of the secondary The Iron ore deposits In the Uintah M can be dis Oil 2000 Deseret credits Refining for goods and hematite of two varieties the red metals recovered 5 100 Koyle range were probably first discovered debut the Is not rectrlbuted massive explained and of Bid YORK and ocherous the Make Yds the NEW since Stock 40 Salt Lake The shipments scrap copper gray early by the Indians 100 00 8 Pacldc National Life The ore runs high In Iron brass to Europe declined and the sire for an International conference Stocks weak U S Steel and ords refer to their use of the red ort 00 1000 Hidden Treasure rails at new lows for making paint The deposits ex- samples averaging approximately 79 Imports were less In 1930 than In does Indicate the quandary and the 03 1000 Three Kings eastutili20 cent One treat about Wasatch miles that smelters and rails mainly the The Bonds range 1929 tend from per deposit strong paradox 650 Utah Indua Alcohol Make Bid 00 50 ties advance ward for approximately 150 miles north of Vernal is of a ltmonlUc char primary material produced 6 809 The paradox that stands out most 1 Merrill Mortuaries Pfd 17 Flux Curb heavy decline resumed 1000 Utah Metal with an average width of 35 miles acter and Is reported to contain a ton less secondary copper in 1930 sharply is the fact that If England 90 Western 200 Silver King The most promising deposit lie in trace of gold It development how- than In 1929 were required to pay her last two InForeign exchanges Irregular 21 o 434 Sugar Wasatch county In the southwest part ever like most of the iron ore deposThere was a decrease of 28 per ternational credits of $650000000 In sterling sags 4 50 100 Utah Oil Refining of the Uintah range about 10 miles its of Utah Is retarded by th lack cent in secondary lead reported by gold she would have barely enough Cotton lower heavy hedge 92 00 5 Utah Power & Lt 7 alone have 84 treat south of the main divide and on the of transportation facilities let 00 It that to Sc metal do mainly smelter Lt the Power 5 Utah selling regular 28 50 In apite of these vast deposits of ore and bullion and there was also enough reserve to back her currency CHICAGO divide between the Provo and Du10 Z C M I e iron ore In several parts a large decrease In the output of chesne drainage at the head of SoapWheat weak weaknesJ Wall Gold Falls to Cover STOCKS SATURDAY UNLISTED stone creek In 1878 several claim of the state know nfor many years lead la alloys reported by smelters TRAMP IN EVENING CLOTHES Street forecast beneficial rain Eureka Standard bankers International say England 3 10 were located by a party from Heber continuous commercial production that treat scrap and drosses 100 Corporate Trut Lead Bller Corn easy good harvesting ORILLA Ont (UP)— When the those credits no have fear need is that It dates back only to the beginning of The line recovered by redlstlllation Park Galena Bullion Cnyon dold Offer It led by a man named Cummings weather bearish farm reservev clothes of a tramp were stolen while 2000 be Three will Offer extended King It and credits Oil other of Embar 5000 estimate reported that several wagonloads The the World war Small quantiUes of decreased about 12500 tons and that or Otherwise settled he was swimming in Pumpkin bay a $400 Elk Bonds Utah Southern Oil Offer It course have been mined and shipped recovered by remelting and sweating or were taken to Salt Lake City Utah Wyoming Oil 0B: Cattle y 8c a with him outfitted Oa steady kind Oil 1000 Independent passer-bIHah Oil Refining England has a net wealth of about There 70 following year the Park City smelter to the local smelters lntermlttenUy decreased about 3600 tons 100 BUver King Weetern Hogs steady to lower Yankee Mines suit of evening clothes complete even Obviously a little h niiant'itiM 890000000000 But the Increased was completed and about 200 tons for many years 02 1000 Thre Golden Chariot War Eagle King to the hat top a critical 3 like Isn't 8650000000 Vein 90 Mineral OH 100 were shipped to that plant Approxi- demand for Iron and ateel during the of zn c "d us tT z in cc hlo r I d Utah n d zinc thing Refining 7 Silver King Western Se Lt Offer run In 10 next Power It the the Utah stimulated In worry were outside war long tons sufficient 300 shipped mately made from line residues Mtn State Mine Inc sulphate SILVER rilUHKA This Is the money paradox that Utah Poner U Light 7s year but the smelter was soon shut terest to result In substantial ship- and zinc dross & Go fulurw NEW YORK Oct I (API— Slhr do 6 exists throughout the gold nations ments In 1923 the Columbia Steel closed firm asles 521 000 ounces QuotaUtah Fir Clay of the world If all the dollars In tion in cent company now a subsidiary of the White October 39 50 Novfmbr Was 7029 Idaho com 23 West 2nd South Mine Gold 16 60 Cap$ December 38 75 May 39 80 July laamated pfd United States Steel corporation es paper that every citizen now holds 20 90 1 7i M Go tablUhrd an lion or smelter at lion-to- n suddenly presented to all the A dgain In Production were world's banks In exchange for gold Utah county near Provo Since Twentieth Century Anchor Coal those banks could not make then the shipment of Iron ore from work at the Mojave Pinch Coalition STOCKS & BONDS Development the Desert Mound mine near Iron TONOPAH NfVr— AftBT being Idle Uimw SATURDAY SALES property 16 WEST 2ND SOUTH ST Mining company The paper money Is legally backed00 Bl HUL 500 at Springs have averaged over 25000 the past year the White Caps Gold ton annually more than 10 times' Mines company Is again ope rating by gold reserve varying from 30 to near Chloride Ariz is progressing f onnlldfP(t 290 t 40r eh! Colorado Conolidtd 1000 at 3c the yearly output during the war or and producing GOO at 5Sc Two sets of loesses 40 per cent In various countries The favorably according to W B Farr Combined MMal Creftctnt Eale 8000 at 3sc The production fell off In are working "in the property both balance of the backing is credit— jprMident before jTant Tlnic Consolidated 700 at MHc to 1930 due the business depression taking out good shipping ore As which is to say faith Make Bid 500 Arrowhead Pet several good gold showings have Eureka Bullion Uoo 500 at 17c 50 FIRST but the Columbia Steel plant Is now soon a the mine has been unwa- - The nations of the world 1000 Blue Blaea Coal Bond Queen 2OO0 encountered according to Mr Indian 14 ltC 4500 at 15c New 4000 0014 Quincy JoOO Baetiua Mnl (aaa't pd I it at MORTGAGE In full confidence with United FalTi tiiat give more the level capacity running again from great to returns the tered ll’-c Iftoo at vo Corporal Tniat Share J 30 shifts snd with pig leases will be granted three eight-hoSECURITIES States They have therefore placed g3 Park Utah 4M) at It 35 35 at 11 50 A shaft has been 8198 a ton 74 00 100 Elk Club Bond Riher Kin Coalition 100 at $4 45 iron shipments running close to 15000 W J Fancher one of the lessees their gold In our vaults so that we sunk 50 feet and crosscutting on the TUitlc 03' 100 Jenwn Coal Product Standard 1M) at II I1 tons a month more of ten have some the vein Is now being done Fifteen men than 04 made a carload shipment UNLISTED BA I F 2000 Jumbo Planter M Eureka Standard 80 at II 80 200 Kojle Minin (Sources: Utah conservation com- days ago to a Utah smelter Returni world's supply of monetary metal are employed Make Bid mission oo Maple Creek Coal 13 France has ton 30 a fifth nations control The venture Is being financed by per report 1913 "The Mineral on this shipment was 825 noiR 42' 300 Neon Dtplar S'k pfd UnUtah men and besides Mr Frit the MINNEAPOLIS Oct 38 3 (AP)-nIndustry of Utah” by Lewis and Var- gold Walter Ross leasing on the 90 per cent of the total supply 10 Pacific National Lit 10500 84 ihtpmentu out also 's changed became the officers and directors are D K United The States short 1500 Park Mhlaay U’i ley "Mineral Resources of the United 300 wtll have a shipment Pure bran— lio 00 d 10 50 creditor and drew the gold fat vice president George M Can-t- n Standard middUni— 19 0011! 80 Un tu Tda 4 25 100 Balt talk Stales” United States bureau of ly The White Caps has produced and 8 50 82 000 000 5P0 Balt I aka Mem Mail ) payment of these International inon jr-- i secretary Frank D mines approximately 3 50 PAYS JUSTICE WHEAT Buneet Maueoteum White bU treasurer J Parley 01 500 Benrab CM If the gold reserve now held here: Alonzo Mackay D B Moench addl CHESANING Mich' (UP)— Two 01 3000 Bllver Banner acre utilized In Issuance the bushels of wheat in lieu of the 82 fee 02 fully optional directors 1000 Utah Industrial Alcohol 23 o currency many billions of dollars 400 Boar Com charged for performing marriages 4 45 could be placed In circulation gi nt ever may be the intrinsic realities will be accepted by William Volkner 100 Vtah Oil Refining IIulloran-JuilK7 00 Trust Co first mortgages are a 90 Lt 10 Utah Power lng there waa a business demand for 0f the situation gold is the accepted Justice of the peace he announced Make Bid Lt 10 Utah Power we! interna-wan- t this week more not We state did have them whether He than gold of investment— world a in seasoned standard and proved bo by 41 years on 06' Con Oil 2ono ruh-Wy- o and gold which England wants tional business there must be a or not the grain would be accepted AVAIL YOURSELF OF SOMETHING MORE 2S 50 10 Z C M I one dollar of lobs to any without market the 213 00 Rank as cash for fines 10 Zion’s Caring bbdly standard — THAN JUST OFFICE SPACE Some economists hold tliAt the investor maintenance of a gold standard is Our new and unique lystem provide not only office a barbaric practice They urge a pa is in itaelf an assurThe mime “Halloran-Judge01 3000 Atomte Rof per money based on commodities and gpuce but an office combined with telephone end 00 of safety It stands for conservative apprai5000 Big tux on ance by a central authority managed loo CinporU Tniat Bharta 3 15 Since people want goods to use stenographic lervice at the price of one Think it sal careful Nelertion and responsible dealing 02 Into CfmunnnalU) Minin M d over A primarily and not money to look at and ventilated office in the At24 I’M 500 ravua-Bbthis of course entails a reorganiza05 Com 500 We have private wire connections with E A FIERCE las Building just a few feet from Main street with Interviews invited with 00 tion of International finance— a dlf 5000 Oil 04 t 2100 HldOan Traaanr Metal Exchange Inc low as National as all month the facilities the above Job CO of & members $3500 per large or small investors 04 !to Indprnrlrttt Oil A Oa Some ththg of the sort niav become Six rooms rented last week 00 conIs 500 Old Gold Minin In FUTURES SILVER New York where trading necessary because many mining e n SOO o Bugar PM 2 35 a oo 10 run pnwar A Lt 7 glneers believe the world s supply of We shall be pleased to execute your orders ducted SEE 2T 50 10 Z C M I gold soon will be Inadequate for legal reserve requirements Tint Is part of the quamlarv Is CAPSON-BOWMA- N gold necessarv? Fngland has plentj of wealth CO Why does she have to 119 So Mijn St 213 ATLAS BLDO Stocks and Bond Wasatch 3631 WAS 3787 worry about a el!ow metal that In valu-lcs- i Is Itself 3330 for and tS W aat 2nd BaatR St virtually Wn MAIN AND HUOAUWAY Fort of the answer is that whaU Effort 1- ll fl JL th mo ms STANDARDS BRING BIG PROBLEMS Secondary Metal MONEY Production Down Chrorn-IContlnu- l Davies Badger Many Minin Engineers Believe Gold Supply Will Be Too Small for World Trade I New York Stocks and Bonds New York Silver Futures WILL SELL needr scmi-pecul- ar j Utah-Idah- high-grad- WILL BUY ea Mojave Gold Co Work Proceeds ta 4 BadgerS Ralph Davies Badger 5i nc WE WILL SELL 1 j havein 800-fo- ot say two-fifth- s our a reputable sponsor Special Announcement Uuh-Irlah- a soinifl investment y- WE WILL BUY SILVER- - ” well-lighte- Ytern-B-b- e j t'tah-lrtah- RALPH A BADGER & INC LEWIS & BALLIF AHJLaDEAN' TRUST COt fd |