Show - i ' ‘ ' ’'’ii-'-' ' :v:: v -- - - -- ' " - t ji - ‘r ' 'J' 10 '' 7 ’ V: ' - - ' : ' : - THE v" ' VyV- ' ? “ - " V' ” 'w1' e ric-- - : i '' - fL - “ V - " -- : ' : QATITAirV CITY UTAH SUNDAY JULY 1 1917 5 UiiCLE SAf1 IS DOSS OF fflES AMONG ACTIVE e r - hh- HKRATiD-BEPPBtJCA- y " v ' - - ing companies hope to be able to secure the best class of labor The man in charge of the office will be kept Informed as to tbe needs of tbe various mining compomles and ho will ilk tuna tell the men where they will be most liable to secure employment should This one feature of the office be of considerable benefit as under the old system the men must make a and dally trip' to the’ various mines- while It quite frequently happens that work at one mine hustling they aremine is badly In need of labor another For the past few months there has been a scarcity of labor throughout the district and It will also be the duty of the man In charge of the local office to keep the mines supplied with men for the various lines of work this week Miners who were In from the south end camp of the district state that another carload of ore will soon bo shipped from ths New Republio property which is being developed under the management of Thomas Weir of Salt Lake who has operated In this district for the psrat fifteen or present time the twenty years At the development workonat tnea New Republio at depth of 800 lo being carried feet which Is Just abovecarthe water level Borne time ago a of will ore was piled up st the mine and good be sent to the smelter within the next few weeks The showing on the 300 level Is said to be highly encouraging and- there is a likelihood of the New Republio coming back Into tbe list of regular Lewis shippers Merrlman who Is the manthe heaviest owners ager and one of of the newly incorIn the property of the Apex Standard company porated eastern end of Tintlc states that 6i small force is at work there The shaft now down about 160 feet la being reand retlixbered and it Is the paired Intention of the company to install workings to machinery and sink the Orders have not much greater depth been placed for the new equipment but the company’s affairs are in good shape and the treasury contains the sinews of war which will be needed if an active compalgn of workls to be waged there Recent developments in the have Tlntle Standard company’s more thoroughly convincedground the Apex Standard that there Is going to be an new of mines in ths entirely eastern end ofstring that their Tintieand is In line for a liberal slice ground of this ore zone PAYTTEHT Oil WALKER POSTPONED YESTERDAY ' TO NEW HIGH RECORD 'v ' - ’ '- '''AV - - - V 'VH ' demand to- - - - - n - ' low-pric- - - -- i ''f I STOCKS - small offerings Total sales (par value)- $1360000 from par to a Liberty bonds on ranged actual pales during premium slight ths week but' other United States issues were lower by fractions to almost 3 points on call - - Cedar Ccn Wagron & Machini Co NEW YOIUC STOCK QUOTATIONS i Continental Life Ins Co Continental National Bank 7 Deseret National Bank Deseret Saving’s Bank Davis County Bank Farmington & Stockgrow-ers- ’ Farmers Bank - 1 Sales! i First National Bank Ogden First National Bank Murray First National Bank Cash quotations: 2 and No Wheat— Xos 2 ' and 3 ' red and ' hard nominal yellow Corn— No 2 yellow $1750176: No ' No 4 yellow nominal $1750175 Oats—No 3 white 70®70e standard 70&9 & 11 Co ty Ji Grant Heber Hotel Utah a ' C 775 norer-21200trl- 700 ' - Pork— 43915 Lard— 620 S0A2099 a Kibe— 1310002165: - b 4b surance Ms i Co RI: - preferred - Co-Kam- LifeIi 'State Bank &r Savin Trust Knlgbt Bank Provo Ca v Layton Sugar & Co Ban! McCornick ers vs- - 7 Merchants Bank ' Live Stock Market 2t - With good receipts of s fair ran of cram cattle cuttle this week and d flesh but soft's yet Which are coming in and Indications that thAs la going to be a good packers art baysupply of this class ofallstock claaaea of cattle art at lower prices ing Choice steer 1500 T5c to 4100 per cwt- - lower 960 common to 1025 fair to good steers-850cow and hcary Ulr steers 650® 50 tochoice cow and heifers good heifers J25®500 fair 5000476 canners A25500 475®725 cutter Cattle-Recei- kltr-CahoonCo- ray pts j -- National Bank of X ' Republic National City Bank National Copper Bank Bank Nephl National State Bank Ogden Provo Com & Saving) reals POOgllOO Bank 82 ' With liberal receipts of Salt Lake - Security 4 well held has up market Co week Trust this hog bogs With a top yesterday of 1400 marked today 10o State Bank of Brighan ' City lower Choice hoga 14C6®14M mixed 16) lbs 116501176 Bank of Garfield up 146001475 atockera Grass State are Jnrt 87 sheep Sheep— Receipts tch Bangui ahoW as yet beginning to come in bat Millar of Bank' State to ahrinkers both Ing hard fat and to-aretheheary County Fillmore packer Spring lambs State the shipper and Bank of Richmond 140001500 yearling 100001100 aged Vethera Fire Utah Clay Co Co 55C092S 300O1000 ewe Utah-ldah- o N ‘p Sugar - Chicago June 80— Hoga— Receipt WO ?akl Utah State Nat &Bank Trdsi 67110c lower bulk of salea 144001628 light Utah Sayings 1410® Co mixed 1415® 1555 heavy 1250)91505 1436: Walker Bros Bankers pig 107501275 ' native beeves Zion’s Savings Bank Cattle— Receipts 2C00 weak 36001880 atockera1 and feeders 6500975: cows Trust Co1 ' and heifers 56001180 calves 10WO1525 -- - t weak wether lambs 87501450 9000 Receipts ‘ 6800 to stronger heavy 148501525 mixed 2300: light 145091500 pTbs 135091450 tedy JJ-75- 0 147091500 Cattlh— Receipts 100 steady: native steers 9 60® 1370: cow and heifer Sf0O1160: western steer 9 50® 11 75 Texas steer 90091050 cowss "tpek-ersnd heifer 800®l900 cannerscalves 100091460 630®10l60 and feeder -- 5 75® 1075 balls 100: steady yearling 12009 Receipts100091160 ewes 90091050 wether ' Sheep— B00 - - '16 65®1850 Kansas City June 30— Hop— Receipts 5000 14 60®15 55: heavy 1580 sale stendy bulk of and hntchers 150091550 light 01565 packers " $144091500 pigs 180001275 prime fed steers Cattle— Receipts 100 steady 125001385 dressed beef steers 96001325 weat-er- n steer 90091375 cows t00Q1000 Jiejfers feeders 700900 65001800: stoekers and calves 700C1360 500: 1600® lambs steady Sheep— RecsipU 1775 yearling ll00OU80 wethers 600®1100 swes 75001000 - - - - NEW YORK GRAIN ' 'y pst- spring V nts winter straights 11 05®11 80 Kansu straight jMiSBKXpsfc Mili Ka l hard 232 f o h ’to New Tork Jnne 80—Flour easy winter patents 119001815 W aawlwa - r v ‘1 - yellow 18714 e i f : Standard 7514075 steady Feed firm western bran 100100 pound sacks pound sacks standard middlings 88 1098860 No Con apot ateadyH ’ - oltspot 3 - - " - 8&90 ' Minneapolis Jnns FLAX 30 x— Flax 1 ' ii - 17-1-- Mining-compan- -- - - - - : 1 9 : - -- " - - - lead-silver-cop- Bes-tlemy- - er - --- ' i - - ''-’ members Bills discounted Bills bought In open'vmaurket $303- ' 270000 "Total bills on hand $399512000 United States government long-ter:' securities $36426000 United States government-short-tersecurities $34202000 ‘warrants- $2446000 'Municipal Loans on gold coin and bullion- $21 !'- - 0- tn-- t T IV'' t-- ‘ SOON - j-- There has been a reorganization of the ?Boston partial Development comthe old which controls Maxfleld pany mine In Big Cottonwood canyon under a $250000 bond and lease Fred W former president and general 550000 has stepped down ana out It manager Total earning assets- $494536000 r Is said he has disposed of all his InterDue 'from federal reserve banks net ests in the company His successor has e not yet been appointed ' Until that Is $1448000 done Thos Austin vice president will Uncollected Items $221705000 the duties R B Garff has been Total deductions from gross deposits assume as manager of the $228158090 ' acting r mine for sevFive 'r per eent redemption fund eral months v "r bank notes ' against federal reserve " MONEY V J v r' $500000000 ir All other resources $799000 New York J Jmw 'SO — Mercantile : paper 514 Total resources $2053894000 per eent Sixty-Sa60 - - Vahr-encax- np ‘ - J- - -- - - - - liabilities: ' Monthly Dividends Si' !r ’ Capital' paid In' $57176000 Government deposits" $300666000 Due to members’- reaerve account -- - 81083460000 Collection Items $149587000 v Total gross deposits $1488963000 Federal reserve notes - In' actual circulation $508807000 ' Federal reserve bank notes In elreu lation net liabilities 8984000 All other liabilities including foreign government credits $2524000 Total liabilities $2058394000 Gold reserve against net deposits 11-abllltles 699 perjeent Gold and Uwiul money reserve against net deposit liabilities’ 781 per - - Current Market Price 85J8 Plus Acersed Diyideads Write us for descriptive circular - I Hanke&(bmpgja aVK8THTSC0URltlJW - i ' 'V- 'T 60-d- Mila $47114 Franco— Demand $575 cables $574 41 Onlldera Demand 4114a cable — Demand $727 cables 8728 Um — Rnble Demand 22c cobles 2214c Mexican dollar- - 6114c Government- bauds— Heavy railroad 6a - : I - DE DEVELOPED - v‘ bonds PRODUCE Potatoes— Receipts 40 ears Poultry Ally unchanged' Nfew unchanged - - - - - 4 : - - - ms EVAPORATED FRUITS ' Jans SO— Evaporated apples slow York — ’ JL-- - AND YANKEE’S RICH ZINC OMR T1NTIC NOTES the week the Yankee ConsoliDuring dated received a check in settlement for a carload of 44 per cent zinc ore mined by one cf the lessees says the Eureka Reporter - The ore is said to in the neighborhood of have brought Two carloads of $75 ‘per tonwere shipped by Yankee lessees during the past week and everyto be ajong in thing appears Tbe company’s this minemoving nice at shape men are still following a small bunch the propof ore in the western part of e shiperty from wbich some ments have already been made and while the deposit is by no means a large one it 'is in a section of the possibilities property that has great tne Tintlc disMining operators ofthe Tintlc Mines have trict organized information bureau and will adopt the card system which has been found satisfactory in many cf the mining camps of thoweston This week an offMain street G L ice was opened Davis for many years connected with the Knight Mining companies being in charge and in tne future the placedwho men for employment at the this district mines of apply must first secure what is known aa a “rustling These cards are Issued at the card office of the Tintlc Mines Information bureau and under thle system tbe min- ' - - lead-silver-o- high-grad- re Under the agreement In which tbe International Smelting A Refining com-papeople were to purchase the Walker Mining company property In a largp cash' payment fell due on July 1 1317 At the time the sale agreement was arranged through officials of the Plumas a company holding a control of the stock the International company la aald to have made a payment of $120000 to cover certain of the Walker pressing obligations A meeting of the various company stockholders and officials of the International was held yesterday and an extension granted relative to the next cash payment which some declare to $500000 Plumas and Walkamounted er officials seen yesterday refused to the time limit but tne extension give is declared to be twelve to fifteen montha ny Cal-lfoml- 6u - GREYBULUHiS NEW WELL DDT FROM FIELDS It onereported Grey bull Wyo week of the discoveries that of &tbeNicholin Is from Is the Norbeck sonWyoming twenty-fiv- e woll on section miles north of Lusk In Niobrara counof the ty This well announcement which was made several bringing inisofsaid of a to be days ago barrels Oil of 1200capable dally production was struck at 1706 feet and was under such pressure that a stream was thrown 100 feet into the air The strike caused a rush for Niobrara county oil placer claims and an Immense area has been staked out Before the strike however the entire dome which Is believed to be nine miles long and three to four miles wide had been staked There are numerous reports regarding the new well one that tne oil sand was penetratedbeing fall and that the last well- was immediately capped In order that tbe owners might secure all possible neighboring territory In advance of a rush Oil men of long experience who have visited the Lusk field since the well was brought in assert that It is ths most promising of the eastern state and that It may be part of the eclipse the Big Muddy withexpected tomonths in a few Another strike during the week which Is attracting much attention was mads comOil & by theonConsumers short distance state lease a Refining a of pany the town of Basin The northwest well which Is the first drilled in that good for 250 bar-at locality Is said to be was -62 - Herald-Republic- Special) an Rochester Nev June 30 —The Adams vein in the Rochester mine has developed into the richest and most spectacular oro body ever opened in this field On the 600 level of the Rochester Mines company the vein has broadened to fourteen feet with all the or rich Seams andpractically bunches of native silver and free gold abound with the gold content gradually Increasing progresses Driving for this drifting vein on the 900 is proceeding and in a few days the management expects to tap the ledge Ore continues to be drawn from the east vein on tbe 700 and 900 levels and all the scopes In the main workings are yielding ore of good quality The mill clean-u- p for the last sixteen days of May yielded bullion valued at $26943 n By July 10 grading for the mill of the Rochester Combined company will probably be finished and construction of the plant begun One -thousand feet of mill timber Is in the yard and 40000 feet are on the way from NenzeL Shipments of equipment are also en route to Rochester Tbe pipeline Is delivering sixty gallons of water a minute to the mill site and this flow can be increased The tunnel on tbe Shepherd Is nowworking In 480 feet In good ore a conraise has been started toud nect with No 1 level No 2 drift has Advanced twenty feet In good ore The Maynaugh tunnel has entered ore 380 feat from the and ths Bacchus tunnel is being portal ahead with mapressed chine drills Ore has been exposed In the Link and Happy Jack mines — - u - 300-to- hundred- ’ rels dally The sand penetrated 850 feet t The well brought in by the Merritt the Fenlx homestead in corporation on field last week has been the Big Muddy further into the drilled fifteen feet sand and enow gushes at intervals stray mlnutea Its temof about thirty-fivIs rated at 2000 barrels porary Tbe capacity bole probably will be drilled dally on to the Wall Creek which lies about 1600 feet lower Large Addition Made to Excess Reserve of New York City Banks - New York June 30 —The statement of tbe actual condition of clearing house banks and trust companies for the week shows that they hold reserve In excess of legal reThis Is an Increase of quirements $62987090 over last week The statement follows: Loans discount eta $3875416000 116317000 Increase 252485000 Reserve In own vaults 41626000 Recrease Reserve In federal reserve v 28305000 bank WEST OLD 107040000 Increase Reserve in other deposits- rles of wbich $111795000 5506S000 Is specie 1383000 OPERATIONS NetDecrease 2407015000 demand deposits 809000 Increase 134134000 Net time deposits 12759000 Increase M F Summon and John T Sullivan Circulations 29518000 — 151000 who are operating a lease at the ld Decrease 692858000 Scotia mine in the West Tintlc section Aggregate reserve 104814320 will have their first carload of ore on Excess reserve 2927090 the market this week a truck being In Increase use In hauling this ore from the mine trust state banks end of Summary to the loading station at Jericho on the companies In Greater New York not In reSalt Lake Route says the Eureka statement: house clearing Mr Sammon who Is one of the Loans discounts etc porter $ 862684200 old-tiof this secoperators mining 1649400 Increase tion commenced work at the Scotia 62953700 mine some months ago and was able to Specie 1121300 Decrease locate a nice body of ore In some of 10390340 tenders the old workings of the mine where Legal 400800 Decrease there bad been no work in more than Total 1020076500 deposits This hole’ now twenty years 11161400 Increase to yield a “glory considerable tonn- Banks promises high-gra18528000 In vault cash ore and age-of companlsh cash In 60821000 the leasers will also be able to screen Trust vault some good ore from tbe old dumps at the Scotia They have enough ore up at the mine to load three or Alta Tiger Will Start piled cars four and are confident that the deposit which they are following is an Work After the important one which makes off on the and from which planes beddingthey can ship regularly' Dave Phillips of the Alta Tiger Minf The CL truck G M Is In ing company which has been up at Alta to big use In West Tintlc seems to have clean up the place In preparation for solved the hauling problem This truck resumption of work soon after July 4 with one down ore samples that of ten hours He operating can haul ten tons ofshift ore per day from gavebrought returns of 62 ounces silver 145 the Scotia to tbe Jericho station The per cent lead and 2 to 3 per cent coppartiestheowning the truck are consider- per The ore was chipped off Incon-a of ing drift Seams northwest advisability alongarethefound other machines ore of the samepurchasing size and tact making of this make as there will be a lot of ore there and are being followed back Into In that section the next the limestone hauling few months among the during shipping mines the Eighty-Eigthe Deseret being Mountain the Flelner property and tbe Miami Declares Tintlc Delaware Alex Caldwell was in this Dividend of $1 Share week from his propertytownaga!n In the Tooele section disWest Tintlc of the county trict He states that during the past (By Badger Broa Private- Wlra) few months a total of 400 feet of driftNew York June 30—Miami Copper has been40 done on this ground and declared an extra dividend of 1 a ing feet more will take tbe share In addition to the quarterlyf divthat about face of tbe tunnel to the main fissure idend of $150 a share payable August in which the commercial ore should be 15 to stock 1 This A record found Mr Caldwell’s ground adjoins is the same as three August montha ago the well known Sharp mine and una continuation of doubtedly contains the Sharp ore deposits which have Days9 Rest Taken the yielded shipments regular during a dozen years past Half by the Men With Lungs For a number of years Mr Caldwell the lease under stopoperated Sharp There will e absolute quietude at in order that he might work there ping vociferous mining exchange for have more time for the development of the his own claims which he considers four big long mellow summer days even more valuable than the Sharp al- A holiday vacation has been declared the day after Independence day though a sufficient amount of work Until has not yet been done to demonstrate or until Thursday morning' July S their worth While he was leasing at What lusty voices will come resoundhe mined 'and shipped a ing back there after- four delicious the 8harp total of 45 carloads of ore making an days of rest none but an old habitue exceptional record considering the fact of the place can telL that he used only a very small force holding his expenses down to the By & Declares-Firs- t minimum he was able to make consid- C erable money In his leasing operationa Another producing property In the Common Stock Dividend of the Sharp is the New neighborhood Era now being aoperated by E A ‘New York June 80 — The Colorado Nelson There is nice bunch of ore an has declared In th New Era and 'fully 150 Fuel 4k Iron company exposed on the Initial dividend of 3 per cent tons are on the dump awaiting ship- common stock payable in Installments ment Teams were put to work a few 1 of 1 per cent It was announced and this ore will soon be of days ago here today loaded on the cars $104-8142- 160-fo- ot 20 TKlD SIM — me -- lead-silv- er de Fourth - - - Extra' ht - Four - - F Reed's Beak Operations Close Down Indefinitely From Park City come ' information: "President the following Frank An- ona ths conclusion that the wise thing to do would be to suspend operations and upon their recommendation the dlrect- ora so concluded When work will be again resumed Is problems tlcaL’ ' - 7 i - ROCHEMNES - ’ have been completed the development of the Central forArrangements Hill group of claim which is located on the fop of the mountain range which separates Eureka and Mammoth says the Eureka Reporter These claims adthe Grand Central and the old join Mammoth properties and the last dework which was done on velopment was handled from the deeper this grpup both proplevels of the Grand Central erties being’- controlled - by CoL C E Loose of Provo The work from the Grand Central eut the Central Hill ground most too deep in the opinion of Colonel Loose and he now proposes to bottom of the take up work! from the on old shaft which he sunk the a score of years agoCentral This Hill almost shaft which is down about 100 feet will he retimbered and perhaps' sunk two or three hundred feet deeper after which 'drifts will be sent out after the veins which traverse this ground and which undoubtedly carry- commercial ore ' Recent discoveries in the eastern section of the Chief Consolidated and in the northeastern section of the Mammoth mine have convinced Mr Loose to make' a new that there is achanc Hill mine in the Central property In order to bringold-ti-about tne rapid deproperty an velopment of this line will be extended to the shaft air from --the Grand Central and a small air hoist will be Installed There is a wagon road to the top of the mountain from the Eureka side and 'It should be but a few weeks before the work la well under way -- Prunes and apricots awaiting new crop prices Fetches qnlet Bslslss steady r t : is jtm F - 85 tubs Elgin Jane 80— Batter 85 tubs at 86 unsold ' Chicago Jans 80— Batter—’ Unchanged Eggs— Receipts ' 11547 cases unchanged - ' -- - bills $472 commercial commercial $471 demand 8475 cables $478 748 y Sterling: day bills on bank -- cent u'r I Gold reserve against federal reserve notes in actual circulation 81 per eent gOTSL lTAN OUILOIS9 Total liabilities Total capital and $12533540 liabilities Note— rln the foregoing the amount' as wages payable Is an appearing amount due almost wholly In stock V'1- m - - - 1 ’ - - Invested Id 50 shares of Cities Service Preferred Stock r' ' one of Cities' Service Company is the largest and strongest Public Utility organizations in America Its stock will afford a maximum of stability In times of uncertainty er’ - - - $4275 - - - can be had for per - ' 6 100-fo- ot - - - - - - - of ' ” - x- Far-reachi- ng -- iabilities - - Pcrinancnt Monthly Income v IN SHAFT - - - ' - BT6io-tlcal- IK 4 "V-v"'- - ion 4b Power Co Ry 1921 (City) Salt Lake City refunding 1921 Valley railroad Sumpter I9zt Co Utah Light 4b Power 6S 4 9 S66S6 1930 WASTA POWDER HAS Utah Light 4b Power Co 1934 Co 1934 Utah L 4b R Utah Hotel Co 1921 Utah State Capitol 1934 Capitol Utah ' State 1935 BuildingUnited States Liberty W Billy Hay one of the mining scouts Loan of Utah Idaho and Montana is in from in each Instance central Nevada where he Is now operatAdd accrued interest to quotations on ing the Wssta Powder bonds n The property is located 65 miles west — j from Eureka thn famous old camp- ' On the property is a tunnel in 140 feet Ttvo' Billion p Mark which has followed a vein There is ' 16 to 17 Inches wide caropened a vein A Passed Mr Hay is In Salt values by Resources good rying ' ‘ f Lake to make arrangements with the for taking his ore of Reserve Banks smelters Samples of the ore carry 45 to 50 cent lead and 5 to 6 ounces silver per He reserve June SOThe ore carloads has Washington broken of and four board’s statement of the condition of residy for the market J rectory 29 June the federal reserve banks ' ' shows: RBSOURCESL : ' Gold reserves SL294536000 Legal tender dotes silver etCL $39- - Con - te United States Steel United States Steel Pfd Utah Copper Wabash Pfd “B Western Union Westinghonae Electric j Total solos for the day 420000 shares Total reserves 11884406090" $197248-00- 28114 28714 - Steel la Example "The steel Industry with Its Innumerable subdivisions is the most conspicuous example as would be expected Our textile industries are also under regulation largely So too are ourgovernment' shipping snd railroad systems “The food of the Unitedly States are to supplies be brought under control with a view - of single use and a liberal portheir conserving tion for the allies who will be much more dependent upon this country for food than ever before In their history The export trade is soon to be brought for the con? under control not utilisation of sup-inservation and bettermerely the allies plies but also to assist American food their efforts to prevent enemy destination reaching Other Industrie Affected “Our mineral resources Including coal copper oil etc are likely to the come under similar limitations present high prices and the difficulty of securing supplies materially stimuthe movement in this direction lating The efforts to check speculation lxl food products and other necessities of life are sure to be expanded ‘‘Where these movements will end no one can predict Probably they will go on until all Important Industries have been nationalized or mobilized for common defense during the war Back of this remarkable movement is ths of the imperative patriotic recognition on a nationof necessity wide scale by both capital and labor alike while the government recognizes the need of rqgulating prices and supplies in order to keep down waste and prevent injurious speculation ' Consequence “The economic consequences of such prove highly departures will doubtless Important They will certainly check if not entirely atop inordinate profits which have been the basis- of public disapproval and excessive inflation But Buch regulation must be accepted as measures an® when tbe purely war Is over a return to more norstruggle mal conditions can be anticipated Nevertheless some highly valuable lessons will have been learned in the direction of efficiency of limiting waste and of better reofxlose lations between capital and labor er rl BONDK 840000 ‘ Louls-On-tar- lo - ' - Alta club : Jane 20— Hogs— Receipts Omaha Z Q hi 800® Louls-Ontar- lo Relative to the vast commercial factors of the United States which have m the past few weeks been brought under the direct or indirect control of the federal government Henry Clews Cp prominent New York bankera say In their latest market letter: There Is one factor in business the Importance of which has' not yet been that is the thoroughly extentappreciated to which industry' has great undercome control slnoe our entry intogovernment war Nearly all of the our great Industries are now under government controL This' does mot mean that the government has assumed comcontroL in a very few Inplete stances but itexcept does mean that the nation’s requirements are paramount to Indusall others and that the to conditions tries must conform leading deemed necessary not only for public goodf but also for the 6UBslstance of our allies in their conduct of the war MMlANCIAL Southern PacifieSouthern Railway Stnde baker Corporation Texas On Union Pacific a U S Industrial Alcohol - spring - Is in Control - ion PennsrlTsnla Pittsburgh Coal Ray Consolidated Copper Reading Rep Iron A Steel Shattuck Arisons Copper) 41 ewes 7000950 lambs 120091769 - - - - Sheep— j 4 Hoga-Bec- eipt 1086 v e Louisville A Nashville Maxwell Motors Mexican Petroleum Miami- - Copper Missouri Pacifie Montana Power Nevada Copper New York Central N Y N H A Hartford Norfolk A Western Northern Pacific Pacific Mail Pacific Tel A Tel — - are-no- - - - 0 m - V Some time agar salt Lake men 'took over control of the property and organized the Cherokee Consolidated Copper company which owns four- patented claims and a mill sight located miles south of Caliente and six thirty east miles from:Heith station on the Salt Lake-routPresident Jeffs said yesterday that the property has been and for a substanpurchased tial sum outright There are three shafts One Is down 150 feet and Ik said to have three feet of ore In the bottom containing good SELMA values In copper silver gold and lead On assay showed $122 a ton Another is down ninety feet ‘me third Is Three feet in this' Is down 250 feet said to carry $50 a ton The property STATEMENT IN DETAIL is declared by a well known Utah engimore-thaneer 60a9:feetor one mile of a prominent vein officialsof the company are Du The - Silver PW Jeffs president W vice Selma Mines stockholders are In re secretary-reasurR resident T Thurber ? statement covering who with M E Kingalrec-toraand eelpt of a financial Robt A Brown make up the up to March 31 1917 The operations statement places the mining claims at at $80205 and mine a$47800 of $12538540 The total assetsequipment include capital of $50000 and EAST COMPANY The statement is liabilities of $5616 as follows: t ' “ ' '' Assets assets: Fixed TO RUN SOO-FOD-T ADIT Mining claims $4780000 Mine buildings' 235400 ' machinery Mine 703823 and equipment 88400 "One of the officials of the East Tln-tl- o Stable equipment Coalition Mining company said yes$ 5617123 Total fixed assets assets terday: Current “The company owns three 'patented Cash In bank $ 11687 dis- Notes receivable claims in the Tintlc district a short 120000 tance from the city of Eureka The Accounts receivaground Is located directly west of' the 44871 ble schedule 1 to the Treasury Tintlc Standard and adjacent 1188955 stock Hill East Tintlc Eureka Bullion Consolidated and Bigthe Chief Consolicurrent Total dated and is but a short distance from assets $1365513 Yankee Mayeast-wethe and Iron Blos- Mine development Day 3020571 st som The same fissure that Promotion organhas made the Tintlo Standard famous adization and extwo of the- company’s passes mlnlstratlve h east and west A north-soutclaims through 2252969 pense fissure passes through this ground Suspense 77364 ) running north and south One of the In strongest surface mineral Total assets $12533540 the district qan be seen at a showings where point Capital and Liabilities these fissures cross “It is the Intention of the manageCapital: ment to prospect these showings by Capital stock $5000000 a 600 tunnel a distance of feet 'assessments 2667372 Stock running This will give a depth of 800 feet and Stock forfeitures 1757502 in the opinion of the company’s en- Premiums on stock 798172 body of payTheore should be sales gineer ata that found has Donated ' working depth property been prospected with two' 1760335 ' capital shafts and a number of shallow workopen cuts From one of these 31197liSl ings and Total capital a shipment of shafts Liabilities: ore was taken out lp the early days of Notes $ 100000 payable East Tintlc’ Accounts payable The company has been lately financed schedule 3 for a campaign of development The Wages payable company Is controlled by Utah people schedule 8 John Matson president August Partial payments treasurer and whom secretary subon stock Bestle-mywith H G BlomingthaL John scriptions and L Webber complete' Its di- Distiller's Securities' Erie General' Electric 'ee6S6eirs General Sfotors Omt Northern Pfd Great Northern Or Ctfa Illinois- - Central Inspiration Marine Copper Pfd IntsMer' International Nickel International Paper Kansas Cltjr Southern Kennecott Copper Mur i- u mm - a Inter-Mounta- in - W-I8- Brigham e HLa American Can American Car and Foundry American Locomotive Amer Smelt A Reflag American Sager Reflaljxf American TeL A Tel American Zinc Lead ai Anaconda Copper Atchison lines At G'f A S Baltimore A Ohio Butte and Superior Copper California Petroleum Canadian Pacific Central Leatther Ohs sa peaks A Ohio Chicago MIL A St Paul Chicago A Northwestern A Poe ctfa Chleago Copper-Qhlno Colorado Fuel A Iron: Corn - Products Refining Crucible Steel a Cuba Chne Sugar - Kye — Nominal - -- Kaysvllle Barley— fl10gl40j” Tlmothy-W009- ed -- Beneficlsl Life Ins Co Banking Co Barnes ' ' - - - ’ TlC - -- ' - -- v'- -- Vj- returned from Manager Jenson Park City where hehas been looking has after operations at the Callfornla-Com-stoc- k He reports the 'installation of a success that ore the new machinery le being broken on tbe lower levels v and' tnat when the roads are open movements of ore to market will is from then to have begin It the old mine-i-expected the shipping list every week From! camp comes word ' that John Carson mayor of Forrest City Iowa M Ferry of the same city were and in the Park for three days the past week their xnlslon being to the Iowa Copper property theyinspect being the original owners of this group of claims and the heaviest stockholders in the corporation They were shown through the propby- Supt Dave Scott and Director erty R T KlmbalL They found awaiting shipment' some 200- tons of ore shipments will commence the Regular week first of next and there is every reason to believe will continue until the heavy shipments snows again hlcck rosa next winter In the No 1theincline which is down' about 200 feet there Is ore on both sides extending out In the beda big ding planes which will ' furnish area of In the Spooground stoplng ner crosscut 100 feet from No 1 incline a shaft has been sunk and is down fifty feet at the bottom of which are two feet of high grade copper ore in a and lime contact Then in thequartzite main tunnel" 1000 feet from the portal development in the Climax fisnortheast and southsure' striking west haq uncovered ore In the quartz and lime 'Contact which 36 ounces silver 20 per cent leadassays and $180 in gold JT H Dieter was In the Park Wednqs- day and In company with Charles J LIppelt visited the St and East Ontario properties located In Blue Ledgft mining district in the east end of the district and directly in line biftr new company recently with the Park-Utaformed —the Unh Mr LIppelt a der the supervision tif company shaft was sunk on the St and considerable done on both properties - adevelopment few Inback with very promising results years terest lagged however and work was suspended with the formation of the Park-Uta- h suid the extensive work of development mapped out by its management &nd the known mineral bearledges in both the St Louis Ontaring io and East Ontario Interest Is revived ' in the last named properties - v - - - h New Tork June 80— Considering widespread interest in the freight rate situation it was the general opinion that today’s short session demonstrated the stock market’s sound condition ' Refusal yesterday of thy 15 per cent increase asked by the railroads resulted in extreme losses of 2 to 5 points in most of the more important railway shares' St Paul being the chief- sufferer Coalers transcontinental 'trunk lines and issues which had most to gain by favorable action reacted 1 to 2 points Industrials equipments and many unclassified stocks were carried down 1 to 2 points In the early movement but recovered with surprising ease carrythe entire list with them muitures ing of especial 'strength were Crucible Isuskawanna Bethlehem and Midvale Steels and Colorado Fuel Great Northern Ora and Republio Iron at actual advances of more than 8 a net gain United States Steel madepoints of ft a point and Baldwin and American Locomotives New York Airbrake American Can and the Petroleums eldsed at advances of 1 to 'almost 3 points Industrial Alcohol Ohio Gas General Motors and less active specialties rallied- from early losses to' material gains the market dosing with s a burst of strength Redeposit of Liberty loan funds was reflected in the bank statement clearly actual reserves increasing by almost $63000000 largely correcting the adverse conditions of recent weeks Actual loans expanded by slightly mors than $115000000 and reserves in the local federal bank increased $107000000Rublea were quoted at the new minimum of 23 cents was but that1 nominal rather than actual figure The bond market was Irregular on - - - i 'v ' - Chicago June 30—Ur pent day for corn for1 Immediate delivery brought about the highest prices ever reached In the corn market here No 3 yellow a regular contract grade' commanding $176 a busheL The market closed unsettled at gains of Jc to toiftc1 advance of I IVheat showed-aat 3202 and ftcSep-to centnet with July finished up tember $182 Oats c higher In the provisions tne outcome ranged from 26c decline to a rise of 5 cents Influential traders in corn appeared to be much impressed by scarcity of in corn available for ready shipment were messages dethis connection seaboard export received telling of a goodwas restrictmand but saying business ed by inability to obtain the needed High temperatures grain In the west with in Kansas and Nebraska togethertended fears of scorching winds there bullish sentiment further to increase Wheat and oats hardened Inhadsym-an Wheat bears pathy with’incorn the early trading though advantage on account of announcements that the this season had arrived first new wheatseaboard at the Atlantic ready for xnent to Europe Considerable apprehension for the of safety of oats resulted from word was It temperatures inprospdct high due to recent exsaid that rank growthhad left the crop cessive wet weather in no condition’" to withstand extreme sudden heat Provisions declined owing to continued slowness of cash demand and to further weakness in the hog market Leading future mvea as follows: - DEPRESSED BYREFUSAL The large orders placed by the government and the Increased demand for seasonable merchandise with the manufacturers busy stimulated activity in nearly all lines ofCLtrade according to the weekly John' Cutler Jr finan3 cial letter The local' money market continues firm with a fairly active demand from people Interested in agriculture Many of the sheep and cattle men are paying their notes as they receive money from live stock There the sale of wool and severe is no indication of stringency because the banks will readjust their as meet conditions the Libaffairs to bond are mot loan payments erty After the large dividend fnd interest the payments are made in 'Utah within easnext few days money may become ier again for a few months Firmer money caused locfll securities to recede in prices lately como Today the Utah-ldah-3470000 stockholdtoSugar pany distributes ers the Beneficial Life Insurance com$5000 the paysA a dividend' of bank pany deStock growers Farmers clared a 2 per cent dividend of $3000 the Home Fire Lnsuranoo' Cocompany B per pays $13000 H J Grant cent and McCornick Co pays $26000 On Monday the Amalgamated Sugar company Concompany Layton & Sugar Machlhne company solidated Wagon and some of the banks and other institutions also pay their dividends Cutler quotations follow: ' Henry Clews Calls Attention to Fact That Government — - - W Copper Market Firmer New York June 30 —The copper shown rather a firmer market has the government purchases tone since of labor troubles and the development had in the mines but no Improvement demand and been reported in general no business In there was practically the week Toof end the at evidence ‘ and naarby for spot day’s quotations were nominal at 8309 and electrolytic S3 09 while prices named for August ranged from 3900 to 3162k and iater Iron was firm " |