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Show THE CITIZEN 11 giiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiuiiiiiiiiiiiiiiiiiiiiiiiiMiUHUiiiiiiiiiiniiuiiiiiiiiiuiuiiiiiiiniiiiiuuiiiiiiiiiiiiiiiiiiiiu Mines, Oil, Industries and Trades fit mu SILVER KING COALITION OF PARK MAKES RECORD. Exchange Mining Handling Busy Standard Stocks; Copper and Zinc Take Slump. little more life is apparent at the Salt Lake Stock and Mining Exchange. Dividend stocks are more than holding their own and the big -- development work going on In other V properties make them propositions of an even break. Columbus Rexall is still climbing the ladder and many believe it will reach the dollar mark. The same was said of West Toledo which has steadily increased in price ever since the big ore strike. The Silver King Coalition of Park City appears to be the most popular stock of that camp. During the week a dividend of 20 cents per share was declared on the stock, the total disbursement being $243,220. This action sets a new record for the great Park City producer since December 24, 1912, when dividend No. 10 of 25 cents per share was declared, the total of the payment being $304,-90A 0. Dividends Nos. 11 to 29, inclusive, have been at the rate of 15 cents per share, each amounting to $182,-00- 0 and a few odd hundreds of dollars. Dividend No. 29, the last previous to the one declared yesterday, was 182, $415. The total of the Silver King Coalition dividends paid since the formation of the present company, May 20, 1907, is $5,678,855. In addition to this in reckoning the contribution of this property to the stockholders, theie is to be taken into consideration the velvet distributed by the original Silver King Mining company, which amounted to $10,675,000, making a grand total of $16,353,S55. W. Mont Ferry, vice president and managing director of the property, merely made the comment: The mine and its equipment are in excellent condition to maintain output in the regular manner. Copper which sold as high as 16.95 is now down to 14 and a fraction with an indifferent market demand. European countries are not purchasing the metal. Germany at one time a large purchaser is substituting aluminum for copper wherever it can safely be done. Other countries are becoming copper producers and gradually the foreign market appears to . I, be slipping from us. Copper now is cheaper than it has been for several months. ARKANSAS DIAMONDS. diamonds have been found in diamond mines in Arkansas, and some stones have been picked up in other states. The diamond fields, of Arkansas are in Scott county, where a valuable diamond was first found in 1906 by John Huddleston, a farmer. The mijle he was riding hap Nearly 6,000 pened to kick up a stone of unusual brilliance, which caught his eye. He dismounted, picked up the stone and put it in his pocket, and a few days later the performance was repeated. The stones were sent to Tiffany of New York, whose expert said diamonds, and soon afterward Mr. Huddleston is said to have sold his farm for $36,000. Though the diamond field of Arkansas has never achieved greatness, it has yielded a considerable number of fine stones, the largest weighing 214 carats. Another stone weighed 17.86 carats. Many of the Arkansas stones are as fine as any found elsewhere and, according to George F. Kunz of Tiffanys, they include a large proportion of white stones, most of them of a high grade in color and brilliancy Doctor and freedom from flaws. Kunz further states, in describing several of the yellow, brown, and white stones from Arkansas, that these are absolutely perfect and are equal to the finest stones found at the Jagersfon-teimine or that were ever found in India. A few of the Arkansas diamonds, it is said, have sold for as high as $600 a carat. Most of them, however, are uncut and have been placed in priDiavate and museum collections. monds do not occur in clusters, nor are they gathered together in the volcanic pipes of mother lodes in which they are found. 40-acr- e n GOLD NUGGETS. OIL SANDSTONE. In a rugged, out of the way region on the ocean side of the Coast ranges, Nearly every thick bed of sandstone in the great Cretaceous system of the west seems to contain oil at some locality, but the exact number of these beds, the region in which each produces oil, and the identity and the stratigraphic position of each have not yet been fully determined. A recent brief report issued by the Department of the Interior as Bulletin 751-- of the Geological Survey entitled Continuity of some sands of Colorado and Wyoming, by W. T. Lee, deals with the correlation of rocks in the lower part of the Cretaceous system in Colorado and Wyoming, and with the bearing of this correlation on the discovery of oil and gas. These beds have heretofore been known by diverse names, and in this report an attempt is made to show their continuity through areas where they have been thus differently In Monterey county, California, gold nuggets have been found of such size as to suggest that this was once a favorite retreat of the proverbial goose that laid the golden eggs. Matter of fact prospectors, however, have sought to find the veins from which such masses of gold, loosened by the weather, were washed into the stream beds. Their search has not been successful, and J. M. Hill, a United States geologist of the Department of the Interior, in a report just publish- ed suggests that the nuggets came from rich superficial pockets in very small veins, and that no large and rich deposits are likely to be found by deep mining. The Coast ranges of California, unlike the Sierra Nevada, are not rich in gold, and the occurrence of these large nuggets is exceptional and illustrates the fact, known to many prospectors, that the discovery of a few large nuggets does not necessarily indicate the existence of a rich deposit of gold ore in place. Lead remains in demand and retains a good price, hovering around 7.35. However, two months ago the metal sold for 8.45. A oil-beari- named. This identification of the beds furnishes to oil men a better basis for study and drilling. For example, the knowledge that a bed of sandstone which is known in some regions as the Dakota is in others known as the Muddy sand and that it overlies two other beds of sandstone that may be oil bearing is of obvious practical value to the oil driller. FIRST STEEL. The first steel produced in the United States, according to the Geological Survey, Department of the Interior, was probably made in Connecticut in 1728, by Samuel Higley and Joseph Dewey. Crucible steel was first successfully produced in the United States in 1832 at the works of William and John H. Garrard, at Cincinnati, jOhio. Bessimer steel was first made in this country in September, 1864, by William F. Durfee, at an experimental plant at Wyandotte, Mich., and Visit The Salt Lake Telegram Cooking School and learn of the many conveniences and delights of open-heart- h steel in 1864 by the New Jersey Steel & Iron company at Trenton, N. J. BUSINESS INCREASE. Within the last two years the railroads have reduced their operating expenses $70,000,000 a month and In January and February of this year they were $48,000,000 less than in tho same months of 1920, under government operation, although the railroads this year are paying higher average wages, higher prices for coal and hauling more business than under government control. These figures have just been made public in an editorial of the current issue of the Railway Age replying to criticisms of efficiency of private operation of railways voiced by Senator James Couzcns of Michigan. Come in and see our many styles and sizes of electric ranges j j j We have just the right model for your home. Utah Power & Light Co. "Efficient Public Service EVERYTHING ELECTRICAL FOR THE HOME !imnNMiiiimm .win iiiii.iimm.mM"'1 ..iit....ltlif mm.m.ih11 y |