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Show THE CITIZEN 8 state consul, who is manager Newhouse hotel, where he caii terviewed any day. UTAHS INDUSTRIES WATER SUPPLY MAY DROP TO HALF ijiiuuiiiiiiuiiiiiiiiiumiiiiiiiiiiiiiiiiiiiiiiiilliiliiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimMmiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiniiiiiiiiiimimimmunmiiiiiiiiiiiiiiiiiiiiiiiiiia i 690.59, ore in transit; $19,669.40, ac-counts receivable; stocks and securities, $648,340.76, and deferred charges METAL QUOTATIONS. Silver, 66; lead, 7.37; copper, 12.68; zinc, 5.65; antimony, 8.60. $8,954.02. Current liabilities were KING COALITION CONTROLS KING CONSOLIDATED. reserves, $244,298.23; surplus, Of this, $508,275.99 was the balance from January 1, 1923, making the net increase in surplus for the year $197,372.55 after tax reserves, depreciation, and payment of $850,279 in dividends for 1923. $705,-649.5- One of the biggest mining deals of the week was consummated by the ver King Coalition Mines company of Park City in purchasing controling interest of the Silver King Consolidated Sil- Mining company, an adjoining property, adding 1,400 acres of mineral territory to the 2,400 acres of the Coalition property. Managing Director W. Mont. Ferry says that the cash surplus carried by the King Coalition company makes it unnecessary for any outside financing, and after the purchase price has been taken care of there will still be a treasury surplus of $500,000, and at present it looks like the regular dividends will be paid as in the past. Manager Ferry also announces that a new smelting contract, more advantages to the Coalition mine, has been made with the American Smelting and Refining company, to extend over a long term, which will afford a profitable market for the zinc and iron concentrates in addition to the regular r-lead output. At the annual meeting the incumbent board of directors were among whom are Moylan C. Fox, Henry Newell, William J. Halloran, James Ivers, Jr., Thomas F. Kearns, David Keith, W. Mont Ferry, J. F. Westcott and M. J. Daly. President David Keith, in his annual report to stockholders, states that, with labor conditions improved, predictions of continued good metal prices, increased tonnages of high:. grade ore blocked out, the indications are that the successful and profitable operation of the property is assured for some time to come. The annual report of the company for 1923 shows that it paid out and set up as reserves about $250,000 for taxes, $851,270 in dividends were distributed, making total dividends paid up to date aggregate $16,779,490. Notwithstanding these items of disbursements, the company closed the year 1923 with a s of a milsulplus of over lion of dollars. ore to the value of Crude first-clas- s Sale of $1,745,941.80 was marketed. 5 lead concentrates amounting to and other items brought the total of net sales of the company for 1923 to $2,361,369.45. The remarkably uniform high grade of King Coalition ores is attested to by the assay reports which show that crude first class ore carried a per ton average for the whole year of 28.37 per cent lead, 42.21 ounces of silver, $1 in gold and 1 per cent copper. The balance sheet of the company as of December 31, 1923, shows that the company listed as assets $363,718.77 in cash; $144,843.33, Inventories, $102,- re-elect- ed $553,-526.3- ; . The unsettled conditions in Europe and the usual presidential influence in this country are putting metals down to much less than they really should be bringing in the market. Internal political and industrial situations of European states provides a faltering market. Manufacturers of metals are getting along with the least possible stock on hand and only purchase the raw materials in small quantities. Such methods produces a stagnant market. Uncertainty in government also has a downward trend for metal prices. In the United States the production is far greater than the consumption, hence a downward market when Europe and other foreign countries fail to buy. For nearly a year lead was selling for over 8 cents, and went above 9 cents. Lately, however, it is gradually going down in price and will probably be selling for 7 cents - soon: Silver, which was selling for a long time around 63 jcents, is hitting the 66 cent mark. However, silver, like the other metals, awaits a European adjustment when the white metal will probably soar to where it rightfully belongs. Should all the countries adopt silver for a medium of exchange it would immediately boost the price over the one dollar mark and that would mean another mining boom for our western country. With a boom here and plenty of money to purchase the necessary wares from the east, the entre country would feel the beneficial effects. No action has been taken on Senator Pittmans silver purchase bill, which provides that the Secretary of the Treasury purchase 14,589,730 ounces of domestic silver at $1. According to late reports the senate banking and currency committee stands divided on the bill. SURPLUS SUGAR. One hundred and fifteen Cuban su- gar mills have ground out 15,532,462 bags of sugar, a surplus of 120,780 tons of sugar above the actual estimate. BIG SUGAR PROFITS. The financial statement of the Holly Sugar corporation shows a profit in sugar of $11.87 per share. This company produced 1,046,217 bags of sugar. . No. 2207 4. METAL MARKET HITS A DOWNWARD COURSE. silve- three-quarter- NEWSPAPER ASSOCIATION MEMBER, $48,266.41; GENERAL DU PONT MAIN FACTOR IN ROAD BUILDING. While many men of wealth have de- voted their efforts to the promotion of public welfare by the establishment of libraries, of educational institutions, hospitals, art galleries, etc., General Du Pont stands out prominently as one who has devoted part of his wealth to the construction of a public highway. Many years ago he organized a national association, financed almost entirely with his own private funds for the development of public sentiment in favor of highway improvement. An illustrated brochure which he published in connection with his good roads educational work was by far the most complete, the. most instructive, and most beautiful work of the kind ever published in this or any other country. The public sentiment he built up in favor of highway improvement was very fittingly followed by his personal efforts in the construction of a highway traversing the length of his home state. Indicative of the character of the man it is appropriate to note that although General Du Pont has been engaged in this road construction enterprise since 1911, and the construction has been in process during the thirteen years intervening, except when interrupted by the war, yet practically no public attention has been directed to the enterprise outside of the immediate locality. General Du Pont has been content to be a highway builder without attempting to use his public spirit as a means for The main highway in the state of Deleware was built by Du Pont and it will stand for a monument for many years to come. . be in NORMai "Conserve and economize irrigatii water! is the warning to farmers b the department of irrigation engineer ing of the Utah Agricultural Collei given as a result of careful inveg gations of the precipitation in th mountains of the northern part of th state. George Dewey Clyde, associa professor of irrigation at the colleg after a five day survey of snowfall some of the high basins of the Be river mountains in northern Utah, d dares that his data indicates that th supply of water for the coming year will be not more than 75 per cent o normal. Not only was the winter precipitation far below the average, but the spring fall of moisture in the h (mountains has been very deficient thus far. Mr. Clyde reports that the anov level was up to the seven thousand-foo- t gone this year at a much earlier date than usual, so that the early spring run-of- f has been unusualy heavy. Unless we have at least two inches precipitation during the month of May, he believes that the supply of water available for the summer will fall from 75 per cent to possibly as low as 50 per cent. The precipitation surveys unde- rtaken by Mr. Clyde this year are xpected to mark the beginning e- of the collection of extensive meteorological data which will be of immense value to the farmers and other water users of the state. The work is being carried on under the direction of the College Experiment Station. Annual surveys will be made and the data compiled to supplement the data of the United States Weather Bureau. In time it is hoped that by means of this information accurate forecasts may be made of each seasons water supply and particular which will be valuable especially to the users of water and particularly to the irrigation companies and power plants which use storage reservoirs to control their supply. ENGLAND IS ONE OF OUR BEST MEAT CUSTOMERS LINCOLN HIGHWAY. The Lincoln highway route is in of th ex- cellent condition from coast to coast, with the possible exception of a short stretch in Utah and Nevada where the roads are still subject to weather conditions. The road from Fort Bridger to Echo, 67 miles, is poor and rough, but passable. Echo to this city, 45 miles, is in fair condition. From this city to . Bushs ranch, 56 miles, the road is excellent, but from Bushs ranch to Gold Hill, a distance of 85 miles, the road is barely passable in spots. It is advisable to detour at the fork, 16.5 miles west of Orrs, via Fish Springs, to Gold Hill. The road from Gold Hill, .Utah, to. Eureka, Nevada, 184 miles, is in good traveling condition. Those going through Utah can get the latest and best road Information from J. II. Waters, Lincoln Highway Despite economic depression and a great deal of unemployment the United Kingdom chalked up a record fr meat imports in 1923 when a total or pounds came in, plus nearly 281,000,000 pounds of lard. This remarkable increase in cons': nption of meats by the British is ati ibuted partly to the fact that the Iritish soldiers were placed on a heaA ' meat diet during the war and so acqi red an increased taste for meat produc ' s, and partly to the lifting of all rest ctions the on food consumption followi scant rations and economies of : t ar & pariod. Trade Copimissiomer H. Smith reports: "In attempting to estimate th trend of food and food import requir ments of the United Kinkdom, it is vident dcompared with 19i3, there Is a ecrease in the consumption of in ported 3,693,-000,00- 0 |