Show 4 ' u rvtjf THE SALT LAKE TRIBUNE MERGERS HELD COPPER CHEF TELLS OF NEED FOR TAREF REAL NEED IN CEMENT FIELD U S Mines Can Operate at Only Fourth of Capacity Without it Cates Declares ReorThe Wall Street Journal says that without a Engineer Proposes ganization as Way fluty on copper even In normal times the United States mines will be able to operate at only 27 per cent of capacity Louis S to Efficiency Cates president of the Phelps Dodge corporation declared at a recent meeting of 50 representatives of copper fabricators ' NEW YORK — Reorganization of In the United States j There can be produced throughout! Prn 1 TS m ATI "RTT7TIT the cement industry through mergers NEW YORK— t Wfj " 'f : ' P1 c hr y SUNDAY MORNING IW1 If! V APRIL SALT LAKE STOCK EXCHANGE 17 1932 C REPORT SHOWS Idaho Holds SURVEYFINDS BIG SLUMP IN Vast Wealth US BILLS AID MINE SHARES SLIDE FURTHER New Lows for Year Registered by Silver King Coalition and Tintic Standard In Minerals MINE OUTPUT With the exception of two ell lsues Consolidated unchanged at 25 cents the Salt Lake stock exchange Issues East Tintic Consolidated at 13 12 generally were further depressed cents Eureka Lily at 5 1 2 cents Euduring the week including new lows reka Bullion at 6 cents and Park-Utafor the year for Silver King Coali- at 72 cents This last Issue weakened tion and Tintic Standard These two materially during the week to a new issues came in for more than ordinary low of 70 cents Crescent Eagle Oil moved up duractivity at the reduced price levels Trading broadened out more than In ing the week with a gain Saturday the week preceding even though ses- to 8 cents a new high for the sions were reduced to five by observ- year while a high level for the year ance of Arbor day of 3 cents was reached by Crown At Saturday’s short session Silver Eagle Oil Issues which registered new lows King Coalition hit its year's low with the sale of 100 shares at $1 90 while during the week were Big Hill at 5 Tintic Standard was slightly cents Combined Metals at 4 cents to $2 05 on a 500 share East Tintic Consolidated at 13 cents Tintic Lead stayed at 95 Empire Mines at 1 1 2 cents Iron King cents the unchanged at 70 cents price of several at 6 1 2 cents Park-Utaweeks Silver King Coalition at $1 90 South Other active shares with steady to Standard at 4 cents and Tintic Stand better prices Saturday included Chieflard at $2 02 5 BUSINESS TONE MOSCOW Idaho — Idaho's nonmetallie minerals may some day produce as much wealth for the state as the metallic minerals now give according to a report of William Tullls teaching fellow In the University of Idaho achool of mines He has been on several surveys of the mineral regions of the state of Idaho The phosphate deposits in Idaho are the largest In the United States and one of the three largest in the world The fields in this state are estimated to contain 5000000-00tons of the phosphate rock In addition to this mineral there have been other nonme-talli- c minerals found in commercial quantities They are: Mica granite marble sandstone diatomaceous earth rock salt barite basalt asbestos and sulphur In addition there are gypsum bauxite feldspar garnet magnesite talc calcite and many others which Jiave not yet been found in commercial quantities Idaho Production of Five Ntiuerals Falls Off $9319862 in Year Feeling of Relief Follows New Organization to Help Credit The research department of R G Idaho (Fj— Idaho's metal Dun & Co has completed a survey slumped sharply in 1931 the world 2100000 pounds of copper of the status of industry during the JuH Vu which would reduce present demorwith 1930 ns did the profits the world 21000000000 pounds of copalization and replace existing producfirst quarter of this year The resame the At production a 8 per at cost of cents or under Mr tion and sales waste with distribution time’ there was an increase in the port states in part: el pounds produced in foreign terribalance and efficiency is urged in the “The positive stepB to check excesnumber of prospectors who set out tory are aided by governmental assistance or preferential laws which current Engineering sive deflation which crystallized in by out hills into the and began pouring will always be forthcoming The nor- the Reconstruction Finance corporaO Fred Rost widely-knowmarketgold mal foreign demand falls short of tion and the bill exing authority Summarizing a study Tins is shown in an advance from erted a powerful influence upon sentitaking care of foreign productive of the industry just completed he an900000000 the annual mining report of Stewart ment in the first quarter pounds capacity by Everypoints out that inefficient distribuwhere there was genuine relief when nually Mr Cates said and this tonCampbell stale mine inspector tion methods caused a loss of lead nage being produced at 0 cents a Total value of gold silver it became apparent that the new oror more to cement manufac- Year Year Week Wffk Sat Sat Low High Hinh zinc and copper produced m 1931 was Low pound or under would have first call Bid Asked ganization and the banking legislaturers in 1931 on the donlestic market unless a tar- Basic Business of a deciease tion were accomplishing their basic $12938621 $9319862 Alla Con Indicators Stressing factors which have led I 00 01 AH iff were enacted as 1930 Merger ed the with for value purposes Bankers and business men the cement Industry Into a situation compai Alta Mich 04 00 4 The world productive capacity of of In was which felt that the removal of these two $22258483 L Show Continuance of which indicates that its losses In 1932 spite Alia Tun 01 Ain of 10 increased activities Exploration copper is 5400000000 pounds of r miners gold will be even gieater than those of depressing influences was the most Am Metal Min Co 004 production of gold fell off 2000 ounces which 3200000000 pounds is foreign substantial achievement since deflaPrice Slump last year Mr Rost states that execu Annie Laurie 00 65 1930 below Production of other tion first set in They turned back Braver 01 capacity and 2200000000 pounds doCop tives in the field of cement manufacn a Hill 04 05 The world peak consumpmestic metals the report said has not been to their dally affairs with the comture have dissipated expected profit01 Metals 00' Bingham tion was about 4000000000 pounds NEW YORK—The second as low in the past 30 years Black Metal 07 forting knowledge that they could able rewards by uneconomic marketquarter 00’ 00 Bonanaza Mining Mr Cates said while the normal now concentrate undisturbed upon Flrei Curtail Output They have drained practices BuMlon 00 00 world consumption is about 3200000-00- begah by establishing new lows In ing the solution of their own problems 0402 Bristol SIIer their companies’ resources says the in gold production was The decline basic business indicators security writer and allowed the business of 03 Cardiff 004 pounds attributed to burning of a dredge in j Little Progress Cedar Tall 01 Normal consumption fs divided - markets and commodity price levels cement to degenerate into a 01 Central Standard DOS selling the Bouse basin and the destruction “Partly as a result of continued re500000000 pounds in domestic con Chief 25 Con 37 l scramble autofor tonnage at of the Gold Hill mine also in the adjustments and partly as a result of 01 03 Colorado Con and 1700000 000 pounds says The Business Week The sumption - 00‘ basin — Colb Rexall price by last summer's forest fue widespread nervousness there was The copper mobile sales drive has not yet been anyThree foreign consumption Combined 05 Metals to Intended 03i The' number of producers in the little tangible industrial progresi in 00 v W’hich can be produced at 0 cents a reflected in expansion in steel pro- cover thegrouping plans 08 Crescent Eagle States entire United and state Increased by 77 to a total of 241 the firrt three months of the current 00’ 01 Croff output so worked out pound or under consists of 798000-00- duction or electric power merchCrown Eagle Oil as to give more ecoWith one exception the new pro' while unseasonally declining year Prices continued to fall buyCrown Point “03 01' pounds from South America nomical the than distribution ducers were gold mine operations present on a andise car loadings and bank debits D!x Butte 04 ing remained 10 pounds from Katanga 530- - indicate further of makes 05 plants Dragon The Inspector described the increases basis and forward ordering was st possible recession in retail alignment OOQOOO 02 East pounds from Rhodesia and Antelope are Mr outlined Rost a minimum as “indicative of an expansion in gold Osceola by The most frequently trade Building construction seems E Crown Point 01 Expected to Be consulted 240000000 pounds from Canada One calls for the creation Fast Standard 00 indices failed practically mining and of the attention directed In taking care of the normal for- to be stabilizing at bare subsistence through plans E Tin Coal 10 a of Next mergers to of resources Center the gold the state” great from the beginning of January to Activity 13 15 Fast Tin Con of 1700000000 levels eign consumption alignment which coordinat-nto Shoshone 02 East Utah county continued give evidence of a spring rise In inbalancing has not proven pounds the 500000000 pounds pro- as Budget f more Fmerald cement than of the 014 Summer maintain its of a blessing as was antidustrial activity such as usually takes much commanding position 01 with Emma Silver duced government subsidy would sales and 1931 in of Its ores ttie emvalue organize some te ndustry of tactics 02 heing place in the first quarter The result Empire Mines 014 would be sold first leaving 1200000-00- cipated and to distribution methods 01 Oil the Equity or within was a continuance of the downward of stimuthe for the $700000 have give $12295056 ployed purpose to be from 06 Eureka Bullion pounds supplied ELY Nev— While other metals trend which has ruled 064 state’s entire metal value for the economy lated sabotage and short selling in greatest since early in 06 06 Eureka Lilly of pounds 03 00 vear In 1930 the county produced languish as far as miners and pros- 1930 Eureka Mines security markets Extension of fed- throughout the country Another plan 03 01’ for 03 Gold Chain concerned the are 0 capacity 35 five pectors cieate would quest with 438084 eral relief into the systems $20 credit "Industrial mortgage production for the cross 03 Gold Standard Deducting the remainder from the The reduction was attributed to gold in this district has been intensi section of Industry included in the and widespread forced sales of companies and 46 mills continuing in 03 Great 00' esteru normal United States consumption field has ent survey fled weather that 00 Howell individual balmy by all and of reland deflaa show low operation which farm the about brought serving spread averaged 297 per cent lower prices 10' Coot 00 of 1500000000 pounds would leave tion Indian Queen 06!1 market areas A third suggested arduction of the value of the metal many men into the hills in the past in the first quarter of 1932 than in 01 V 08 05 Iron King alis two only 600000000 pounds to be supplied for weeks what 02 searching 01 Kennebec Bank credit contraction continues rangement would regroup the cement the corresponding period of 1931 The mines as well as a reduction In pro04 J 01 most the only metal that will offer a industrial Kentucky Utah by domestic producers who have ca- despite increased liquidity Recilh- -' producers In the 37 states east of Coloduction Coa' average of sales in the 05 amount Ketone four this times lafor and their nearly pacity 01 quick ready profit 001 01 stgijftion corporation activity has re- rado for improved efficiency and Leonora Two Producer Close quarter Just closed was 287 per cent 00 01 have bors and been Little various May reports duced bank suspensions and individ- economy of distribution under that of the initial of 20 20 Gold output was 19055 ounces val- made of strikes in new 01 Magnolia Lead ground and in last year The downward quarter ual hoarding 00 but increased bank 00' a' 00' 00' 16” ued at $393882 Mammoth trend of a decrease of 2018 old 01 mines M'rhtgan Utah Federal reserve pressure hoarding industrial activity since the first of ounces and $43030 compared with 01 Mller Hill Chief activities in this district this for credit expansion is still inopera01 1930 Monarch Lead The decrease brought about by summer doubtless will be at Osceola this year compares with a gently ris‘03 Mont Bingham tive and its powers under the closing of two of the mam producers 45 miles east of Ely where gold has ing trend at this time in 1931 which 00 25 25 25 31 Moscow 05 bill are still unused Unless accounts for the unfavorable appear03 he said was almost overcome by the been taken from both shaft and Mt 6?ate Pet placer ance of the recent statistics an effective inflationary movement Mountain View increased activities ct prospectors wot ks f or the past 40 y eai s or mote ‘ ' 06 Naildrer can be initiated some form of standand the new dredge of the Idaho 03 02 New Bin Mary WSJ02! Strong Inventory Position W R Miller who has mined at still on domestic debts seems in 06 01 01 01 001 014 New Quincy Gold Dredging company at Warren Osceola many years continues to be ample evithere There 74 is 33 35 33 34 says 321 North evitable Lilly Idaho— The phosphate CONDA in Idaho county 00 00 00 No Standard 00V much valuable ground untouched dence of a strong Industrial inventory efforts to prevent Cooperative a mines here operated by the fertilizer 10 16 10 05 Ohio Copper Silver from production dropped 1 there as yet and a number of men position Unit Inventories for the In eastern Europe are 01 Opohonio 888 ounces with a value of department of the Anaconda Copper breakdown !oo 01 Park Bingham working on their own last year made quarter Just closed averaged 22 6 per have been temporarily hopeful but are complicated by the 10 company 1930 to 7245719 ounces better than 10 in wages in some of the cent lower than in the same period in closed-owin- g 01 to a 50 per cent drop inconspicuous and disguised exten- Nevada Copper Producer 004 Park King valued at $2 079521 in 1931 a de- spots with indications 01 that many 1931 inventory valuations were down 04 Park Konold of normal consumption demand ac- sion of moratoria or external paycrease of ounces 1787169 03 01 and Nelson Park more will be at work this summer ments Shows by 197 per cent These averages Decrease in E M Morris by Germany to Improvement 04 01 superintendPark Premier Through cording 886 Several men are at work on the show a continuance of policy of re72 75 Park Utah ent Although operations will not be Britain under a modified gold stanThe decrease to was attributed 00 Ploehe Bristol Boone Just Ttlford Metal Price Drop ducing stocks and writing down valplacer property resumed for several months the crew dard perista in splt'of speculative 06 "of Plumbic Mines closing of large mines and curtailed south of Osceola at Hogan and In ad- ues which have been followed by the 80 basis pressure to raise sterling Plulu will be employed on a part-timproduction of others The Sunshine dition Tom Moore in charge reported majority of concerns since the begin01 Prince Con t on development work Under normal 11 06 Provo Mining company in Shoshone county a shaft drift 400 feet long had uncov- ning of 1930 OS' 03 conditions about 100 men are emKlco Ary ELY Nev— Decrease of $1017 continued capacity production It re- ered "The Industries contributing to the 07 03 03 'A 02 Sacramento promise of a rich strike underployed 1 90 1 80 1 90 mained the largest silver producer ground 2 05 03723 in net current assets during the Silver King Coal Osceola Is one of the few survey reported an average decline Due to foreign depreciated cur00H 014 Shield Bher in the state and the second largest spots in eastern Nevada where almost of 12 1 03 year ended December 31 1931 is per cent in salary scales from Silver Standard rencies having the effect of confisin the United Slates The decreased all values are In gold 01 Sioux Mines the first quarter of 1931 and a reducshown by a preliminary report issued cating the labor of workers producing So Iron Blossom to value was a decrease from due tion of 9 3 per cent in wage scales by- Consolidated Copper Mines cor So Standard o4"l"o4 Vein Discovered phosphate abroad the United States 38 154 cenls an ounce in value to Swansea Con Employment in the same industries poration at Kimberly six miles east four-fofertilizer markets have been invaded of vein a of 1931 cents in 2870 Tar Baby Discovery of Ely of which $700989 73 resulted cent below that of was about 18 with the foreign product Tintic Central rich gold ore at Cherry Creek was the first three per Lead Output Reduced when copper on hand valued at 10 5 w 95 months of 1931 Tintic Lead The Anaconda production of ferfind the week the made 15 2 02 2 during Tinhc Standard Lead production decreased from “Commodity prices for the quarter Nev— Most of Ne- cents a pound December 31 1930 had tilizer formerly found a large market TONOPAH Union Chief showing up in the mine belonging to were 9 3 per cent lower than in the 00 00 283599300 pounds Union Associated valued at $14 Jack That market vada’s mining camps owe their exist- to be mai ked down to 7 cents a pound on the Pacific coast O and G Dr Krotzer Bradley Victor ('on same quarter of 1931 A favorable 542773 in 1930 to 206 44 3 898 pounds has largely been taken over by Japa- ence to leasers This is true of Gold- a year later 40 40 90 36 Fillmore Walker Clarence brought Samples Mining the announcement said a feature of the commodity price movevalued at $8759414 m 1931 The av- to 00 nese fertilizer due to low silver price field and true of Tonopah West Toledo 014 Today Although free with white of were quart Ely ment has been the narrow fluctuations Wilbert end Japan being off the gold stand- there would be little mining going on detailed statement would be issuedt erage price of lead In 1931 was 4 243 gold showing West Exploration which have occurred since last Nocents per pound compared with 5 517 ard Much of the material used in in southern Nevada if it were not for stockholders soon the preliminary-reporYankee Con also are men steadily working Ely 16350-866 included a statement of The decline of 93 per cent vember 03 £uma cents in 1930 Japanese fertilizer Is purchased hi leasers at shafts old the Cherry in acquired pounds of copper on hand at the SATURDAY UNLI8TED STOCKS t compares favorably with the reducZinc production decreased almost Creek three years ago Oriental aieas that use silver money About 100 men are now engaged in the Nevada by 04 f from 1930 production and to Standard company with production tion in the valuations of Inventories so that low silver price is buying the leasing in the Belmont and Mizpah end of the year against which were Ontury Con Ool 1 35 45 Eureka Standard effected during the period of 1929 production For the of a carload a material at material discounts from mines of Tonopah At Manhattan outstanding loans of $400 000 which 00 day for the McGill at Lake of Salt metal Settlement the said be would " management liquiprlci 03 it was 43347237 pounds valued smelters of Nevada leasers In the White Caps have startfair normal price year Encouraging Sign Consolidated ax quoted by the Amerlcao Smelt- - £lorh Coalition itelter 00 01 dated the ”at first favorable opportu- in and Refining company are Silver Kina at $1577839 compared with 75136539 ed shipping 800 tons of ore that ac1 30 60 "Failures In the quarter number Copper company Leasers who have lend J 00c( and topper Utah So Oil 78 jc an ounce at 423220 $3 valued cumulated during the winter and nity” 10 13 1930 in Oil pounds seven Utah Wyo 9141 with liabilities of $275520622 of this property shipped Net assets December 31 1931 were x5 465c a pound xNew low 3 75 3 00 Utah Oil Ref a decrease of 31789302 pounds and part could not sooner be moved to the carloads of ore Jhe past week to the The number exceeded that of the first 36 10 Mines NEW YORK April 16 (AP)— Bar illver— Yankee $843381 In value railroad at Tonopah on account of listed235as81$866198 58 compared to 1 35 60 C W Eaale Golden of 1931 by 7 8 per cent while same smelter at the end of 1930 Firm and ‘'c hliher at 28 c 13 05 The output of copper in 1931 was Several operators are working quarter South Tintic Mlnea impassable roads were higher by 28 4 per the liabilities 16 V eat 23 1931 in 605 15076 was Production Silver King one half that of 1930 and the lowest Between 130 and 200 men are workLONDON April 16 (API— Bar illver— Ir- Utah Pr 49 00 49 50 5t Lt 7a on the low grade sillcious cent In both number and liabilities steadily of to pounds copper compared of any year since 1903 41 00 45 00 regular and 516d htaher at I'M Both prodo 6s ing in the Gold Hill and Round Moundirt that appears to ex- the failures of February and March 39 00 20 00 Money— ! per cent Utah Fire Clay pounds in 1930 For the first tain district where the heavy snow duction and value per pound de- tend in a belt a mile to two miles wide were lower than those of 16 16 Diacount rate — Short bill 3152 2 Utah Idaho common January a of five months the vear the company on the mountains makes it certain 8 00 11 no creased Production for 1931 wag per rent three months’ bills 2 3 i Aft Amalnimated pfd In 1931 liabiliand about 15 miles long running normal relationship a rate of 1750000 pounds per cent at oo 00 22 20 Z operated M C I 685 pounds will be an abundance of water worth $127963 in northward from almost the city lim- ties increased 12 per cent from Febru02 08 ELY Nev— A sharp example of the there In June this was cut to Pan Amertcau month 1931 a decrease of Several sets (Jf leasers are working a1 000000 575129 pound its of Ely 05 02 While the ore is low NEW YORK April 16 AP— Foreitn ex- 20th Century to March but this year the gain under whirh western difficulties a month and m the pounds 60 06 Oreat Britain In dollars Anchor Coal and $281204 In value from 1930 grade a good profit is made because ary in the old camp of Silver Peak a change— Finn amounted to 104 per cent with March of In cents this October latter was slashed other part mining is laboring Is furnished In the steady gold SALES SATURDAY which was 3151814 pounds worth of the preferential smelting rates liabilities of $93760311 against a Febfor the past 50 to 500 000 cable Oreat Britain— Demand 177 Chief Con 2626 st 25c report of a loss of $2000669 suffered years At producer pounds a month Recently 3 77 3 75 Goldfield $409168 leasers aie The value of copper de- made bv Nevada Consolidated Copbill Comb Metals 600 at 4c total of $84900106 was this 0 to reduced still X by Nevada Consolidated Copper comngRin 1 94 cable France— Demand 1000 in at 86 creased from 12 982 cents per pound per company which uses the ore as a ruary Crrsrent Fafle Oil practically all of the old "While It la impossible to say how a month which "rate the 1 94 3R5 at 13c pany in 1931 after figuring taxes and working pounds Con Fast Untie 1930 to 8116 cents in 1931 Considerable in mines activity is flux much further Increase there will be I'aly— Demand 5 14 cable 5 14 said entailed less loss than Fmplre Mines 1000 at clepi eolation but before allowing for noted In Gilbert 14 01 Demands Belgium At Tolicha leas- company Eureka Bullion 1500 at 6c In this series it is encouraging to Operations Resumed would result In a complete shutdown 23 76 Holland 40 52 Norway 19Germany 09 Swedepletion and adjustment of metal ers are 300 at 5c Fureka Illy making regular shipments 18 74 Denmark 20 69 Switzerland Oil this belt the property of the remember that record liability totals Cost per pound after crediting in- den North Llllv 500 at 34c charges This comprices and other 3 45 7 70 45: Greece Bpaln Portugal Park Bingham 1000 at 1c Cuba Mining company began opera- are a natural phenomenon of the final come from gold and silver but before 19 pares with a profit of $1860773 138 U 30 Poland Park Utah loo at 72c tion again the past week after a shut- stages of deflation” earned in 1930 which in turn was far 90 deduction of federal Income lax and 2 96: Jugoslavia 176 Austila 13 99 RuSilver King Coal 100 at 25 79 Brazil 59j4 Bouth Btandard 500 at 4c Argentina down because of snow and cold A under the earnings of 1929 was 8 452 cents com- 6mania depreciation 31 33 31 3137 I 96c 300 Toklo at Shanghai ead Untie ASSAYS REPORT MADE This despite the fact that the com-mile further south the Ely Gold MinMexico Ullver Tintic Standard 50 Oat S3 01 pared to 8 886 cents the previous year Montreal 89 67 City MOSCOW Idaho — Assay have peso) 34 25 Walker 600 at 40o ing company has been producing cany is one of the cheapest producers Note rate are nominal Df mand In the country steadily all winter from the same sort been made on ore taken from the It was necessary to make a charge of ore Increased Investment ’ SILVI R FUTURES Metropolitan Mines corporation propf NEW YORK April 16 All the excitement of a new strike erty on Big Creek in the Coeur r against the company's surplus fund Building permits in 64 principal BOISE Idaho (VT)— Stewart CampBOSTON April U (API — Following C of $715734 for metal price adjust- California cities showed a which show 773 d'Alene was created during the week by D ttie lri hlih low ini c!oln prior o! region gain of 17 stork trdrd Bturdar on the Boston itock bell state mine inspector wants ments In 1931 In 1930 when produc- per cent in Truax employe of the Nevada Con ounce of silver and 147 per cent over January to law make Little near February rirhensr valley A second assay ahowed silsoLidated Copper company at Ruth copper tion continued high despite slumping according to the Business Outlook The investor’s dollar today buys 125 a paradise to rest while out hunt- ver running 22 8 ounces per ton and sat down who 132 5 cent cent puces this charge against the surplus published by the Wells-Fargmore per per Bank Ain To! to Tel The law Campbell said should be § per cent while a third the fund was $4128143 Anftfonda and Union Trust company of San mors surplus and 17 6 per cent more one to requlie drillers to case In all ing during the present layoff (if a copper 23 3 2 ounces of silver The company discontinued divi- Francisco and Bigelow Pun showed up to picked 1920 an in analysis than company copper earnings according in wells order to Although substantially they drill prevent Copper Range dend payments in January this year almost 'under and 93 per cent copper of 30 high grade common of quart large analysis to piece o in than r Pun lt the before water artesian —higher January building perescaping flisnn Flee III literally ahqt wlth— mits in February were 44 per cent stocks made bv Administrative and BOSTON Apr!) 16 AP— Trd in readies the top whera it is of value his feet It was of dolResearch corporation New York a practically !! u rio below February of 1931 a law Is enforced in other states gold running into thousands Such during th past week T Badset The few inquire landktill on til line refusing to A comparison of the above figures Rnf T where oil Wells are being drilled but lars a ton and Truax Bank debits at 14 principal cities A ‘of® Co totaling make any statement other than that kmu"7n iu?hr'£iVh lphStmJtUAn ' ' in February with the investment purchasing pow - f''r"(vh'd plj'pos ljor a quite different pur$1614354000 generally Go market a manufacturers showed little gionpm picked up the rock “withln(20 mllei were 24 per cent below those of a rr Of the dollar in 1929 shows that fit intfrMt pose Thei water serves to keep up he In buying wroU Quotation onk iTorrlriSton STOCKS & BONDS puces n dollar would pur wools w6r JaigMp the pressure of the oil by forcing it of Ely” is known to be secretly and Members gait taka Stock Exchani vear ago For the first two months vpar-en- d but the U umhantfd JLunilrl i the 2 90 assets in It test ground 79 cent to ?! Impossible intensively covering per of b’jinM near the apex of oil domes IS WEST 2ND SOUTn ST price made Was 10ZS 2 they show a corresponding decline of chase in per nest 2nd Soutb were rep- In an dnrmln whether quotationsTealer HUOe MUCH 27 per rent surplus and 90 per cent in to As described by the inspector Lil- where he plrked up the piece arall'nl Dollar value of depart- cent rfsenlali'S of mirkst value the to 1920 locate effort ledge "n as with compared not Inclined to rush i!m tinder the tur l: lie vallov was one a lake on the ment store trade shows declines fioin earnings ?Cnt a ha re rent condition of unccrtalnlv Should he succeed It is believed a last year of 122 per cent for FebruOwyhee side of the Snake river As gold rush vinequaled in years will recut the Snake it and cent river 169 finally the for deeper first ary 1 per ?7'4 ?00 Corporate Trust Old Oil cut below the level of the lake and sult here due to the richness of the 700 Corporate Trust New 177'j two months of the year the water drained nut of it Since first piece found 64 week I ZOO Elk Club Bonds April ending Progrcu rejxut 04 'i then he said the lake has blown JVM Fenton Process 16: rsit Connartlons With AllIn Market 10 50 100 I'lrst Security Corp nearly full of fine silt which ha said Alt Dependable genic 02 5000 Iead Prince would make excellent soil if water Oil eompiny— Utah Southern Unlisted Securities mWftTRIAtJS S00 500 Moray Product to were 4 2 counit and Gravson Noj Reagan brought 01 Bid Atkrd 5000 Ophlr Lead The water is available he said but An increase of ty Texas producing 74 00 2 Pacific National Life Amalgamated Sugar com S 30 I 50 a hundred feet or more down of crude 15 do cents At 9 do 10 00 02 per barrel in price pfd 5000 Koyal Ule Oonanlldated Wagon 36 50 present several drilling operations from this field was posted April 11 350 100 Utah Oil Refining B C FORBES $ Units Colonial Hold In By f6 80 90 00 pfd 17 o 80 00 1700 Bug Com 36 00 Utah Fire Clay :i5 oo Corp Restart are In progress and these show the Instead of dwelling today upon any Bury' might have beeris 1 0 15 700 Utah ( arhunetor Utah Southern Oil company— (GoUtah Oaa to Coke let pfd 60 00 WHler In said 100 64 00 that inspector Corporal Triiat Old ample - with all concurrent of doleful of 17 might 1 the thy 00 20 com phases 2000 Uncle Him Sugar vernment No 3 Garland Wyo 'protoo Corporate Trust New can be had by di tiling 200 The municipal bond market after a quantity do pfd 80 3 00 numat a 01 50 50 we 20 Ulali Power At Lt 7 cheerful dltlons for Oil the glance 1000 Diamond suppose nfft pn’t empty tank a An 80 feet two more S 75 or OU Refining of 4 25 ducing Utah through Is definite showing 43 50 10 Uth Power it Lt period of dullness 100 rirat Seenrltlee Corp Make Bid her of different thoughts In the hope Success Is easiest when others quit lava rock each about 20 feet layers ion on no oo Ulah Home Fire Tn branch an station and thickin to pumping of Improvement 0 00 according 10 Western Loan it Build49 00 45 00 Utah P At L 96 pfd $100 Elk Bonds that perhaps one or two of them may Merge intelligent courage with ness Beiow the lower level of lava sign pipe line have been completed by dh 17 pfd 51 O0 49 00 a summary recently prepared by EnloO Fundamental Trout A 3 00 ing Reserve Fund Block N 00 a modicum of consolation terpnsing action Z O M 1 21 OO 20 00 he said is a supply of artesian water I’lpe Line company and provide 3 20 10 Z C M I B II 00 Trust 100 magaThe Fundamental gineering New Record You can't coast along the road to the Garland field with an pipe or courage: taxes! 20 Nat Parka Airway Maka Bid BOND sales of bonds and notes cites zine the for Axes success— it's 00 re73 1 uphill with the Greybull Pacific Nat Lit P t Par Pt t Par line connection at slightly Increased Interest rales in No rich no riches IS LoSe what you must if you must HccJa Company Omils 300 Utah Idaho Sugar of Midwest Refining company finery rate 79 61 no 7 interest 00 20 1931 at states 10 Bug in ritlea Amalgamated 3 S Contacts are useful! Contracts es- but confidence never! 300 Abraham Irrigation 100 Ueelp B Market line as well as the former Crvn 6 lfto oo IwM 97 00 pipe H)dg 1 cent the 5 Dividend for to 4 4 cent of 01 per OO'j 3oo Atomic Power 2o00 Unci Blm per Quarterly 94 00 95 00 One's greatest victories are unfiller Cun 7i connection with the Burlington rail- sent ml 3 45 TOO Amid SO Utah Oil Refining 0 25 40 00 Mutual Creamery 7a 90 Em h day Is a challenge these days 'known to the world longer maturities Sugar Pfd ' road r deb 72 00 L to Ogden Fy 6 1914 16 14 00 row L 0 ( & 172 bonds Utah $IO(iO MV-Tbnew of e municipal orporate Trust CM SPOKANE Wash llecla Selling Srtbac ks strengthen determination Mt Pack 40 00 1939 90 00 Many big successes result from 1 7 30 00 10 Utah Pow 200 Corporate Trut New 1671 SRoky 16 00 45 L Terminal 5a 1915 Mining company opeiatlng sliver-lea- has been retarded because of doubtful Oil eompanr— to go forward UUh Southern 43 00 many iittle achievements 00 6 UU Pow it L S' 3000 Diamond Oil bero no 82 00 Telluride Poaer 5a 198 more and In credit the Coeur doesn't especially await only zinc properties city Salt Valley Utah lo05 Oppoi luriity 10 First Security Coip fear Is failure— failure of faith 975 Bilsley No no 10(10 Utah Metwla Flu 66 50 Utah Uae to Coke 5a 1UJ6 ej of of cause d'Alene holdings the Idaho of the large omitted selling 1916 region of those who wait 73 no 77 oo 04 do Clouds always pass cation renter of northeast 20ix) Independ Oil A Oas Clift Sti' Bda 73 00 $1000 Virtu V Clift Rid 6’- 19 no of 00 90 loo liquiissues at earlier fiom to awav life dividend ini' $100000 35 run Don't by 300 Kovlo Mining compamej of section 31 township regular quarterly nnttheast Interest In principles pay at 30 try 10 z C M I 6 O0 96 00 Png 6 J01 5ooO Hnrab Oil the recent annual meeting the game's tho thing not dends dating part of their investments 23 south rnnge 21 east Grand county 63 00 60 Utah P to I 6 2023 13 the JooO Utah Wyoming Con E of this the At 1944 told do 4 64 00 James 66 O0 year score the as beginning McCarthy president Utah Hole cemented u0 ronlent with things they are Temporarily o JOO 08 00 100 oo Utah U to Tran 8 1914 Bug Pfd Market stockholders that continued low reduced demand for new city issues The man who ran take it on the nri there you are— not! shut down at 5220 feet 40 00 20 Ufh Power to Lt 7 metal Offer Tt takes the 30 Antal Bugar Pfd rhln usually prlres will cause the company gave a gloomy outlook for the finan arrive strive prize t0 41 00 10 Utah Power to Lt 6 Utah Southern Oil rompany — DonHammering tempers steel fcw men become shining lights lo operate at a small loss this year ring of normal city improvements 20 2 C M 1 1900 local Inn noitheast of the aldson No Don't contiHct expand without fust having had to undeigo Ttie last dividend amounting to $100 However with the romlng of a slight ooo was pHld last month No vallevs no mountain tops More than Innease In the interest isles aver norttienst section 77 tow nrtnp south a lot of rubbing the wrong wav Wo tan become only as gi eat as our a good country like a good man $20 000000 lias been paid to date ailing only a fi action of a per cent lange 18 we t Di tiling at 200 feet faith This test will lefleit upon the prod Hint long be kept down Amenta Is Ai lliur Pnllette of Milwaukee WIs and a realization that the majoiily CO was elected to ttie board of dliectois of cities are financially sound bond of Utah Southern's hull a good tmmliv Sti uggle strengthens Was 13 0 It Meat 2nd Roulh M lo sucreed E J Nolan of Los Angeles luiycis have dcmonstialcd tlicir — — ieaso located upon the Bow Creek llo who reaches the top these dayai 1U32J Other director w era reelected to invest ia city paper (Copyright I lllrl lip QUARTER SETS News-Recor- tians-actio- n RECORD LOWS BOISE production compared from the 0 n s Glass-Steaga- ‘ Hunt for Gold Intensified by 0 free-for-al- Balmy Weather 0 ' h of three-syste- one-hal- distribution Phospate Mines Close on Drop of Normal Demand w Glass-Stega- ll mine's ASSETS DROP 8 e 4 Mine Lessees Keep Nevada’s Camps Going - ot Metals and Money one-hal- 1 one-thir- 1 Report of Losses $ By Copper Concern Show Difficulty 1 gold-beari- 1 lxty-da- y 300-00- 6 !c Mine Inspector Asks Law for Saving Water Cserho-Blovtkl- a Building Permits On Coast Advance 1 Boston Stock List u- 1 Bru-nea- aets Wool Quotations Ralph - F Jn Badger& Davies Badger 111 u(t WE WILL SELL Reports Brave Thoughts Help Attain Goal 1 hramm-Johnao- New York Stocks Bonds and Silver Chicago Grain WRITER OFFERS INSPIRING IDEA Local Securities I n Ulnh-Idah- Improvement in Municipal Bond Market Noticed WILL SELL Utah-Idah- o 1 ia WE WILL BUY - 1912-1- 4 g OO 6- OO 1 A Utah-Idah- n 7 1 OO UtAh-Idah- RALPH A BADGER & WILL BUY I Mine Assessments 1 ' 240-acr- s |