| Show r i 'V-- : ' THE v - - “'W' J j ' DAHffHmiT BEAVER WPEl HAS RIO ORES STREACTOIME COPPER HNG PROPOSITION in Great Zdne of 800000 Tons Rich Ore Is Now Being Developed semi-offici- al Recent estimates made on the ere In light at 'the Walker 'Minlngcom-i- large domain In Plumas coun - Panys CaL place the tonnage at 800000 ty to 900000 valued at $10000000 to $15- -’ 000000 Salt Lake business 'men who recently y inspected the Walker think these tremendous figures not exagge rated 'notwithstanding the work Is only now well under way Already the main ore channel has been demon-- " etrated for 690 'feet on the strike with an average width of thirty feet The ore varies from twenty to sixty feet wide ' It Is declared This ore ' body : has been ' opened by a great drift twelve feet wide 'and 'seven feet high ' run on the JeveL In the south end and back 175 feet the ore is proven ' fifty-on- e feet In another crosscut While rich bodies - are encountered feet measuring as much 12astotwenty across 14 per cent samples up to ' copper It is estimated that the whole ore body will average not less than 5 per cent - copper and $5 in silver and' gold The high grade Is a chalcocompany Is employing a pyrlte The force of 100 men in mine and mill' level has been opened The tunnel and these by the 1000-fov workings have been connected with the main shaft' which Is down to the t 300 level" The tunnel drains' all the The surface water ground above gives but little trouble on the 300 lev-- r el From the 300 level a diamond drill hole was put down 112 feet The core shows it was all In ore averaging 12 to 13 per cent The last twenty feet ac- -t cording to this authority sampled 17 per cent The company Is operating a seventy- five-to- n mill the capacity of which Inside of sixty days will ' be Increased to 225 tons The collar of the shaft Is 800 feet abovethe mill The mine and mill are connected by a gravity tramat presway 4800 feet long The mill tons of ent Is turning out twenty-fiv- e are The recoveries concentrates dally ' from 93 to 95 per cent The product samples near 20 per cent copper and ! $10 to $14 In gold and silver and Is i worth net about $80 a' ton It Is de-- ‘ has the approx- -' that dared company j tons of the 'concentrates imately 1000 mill and 1000 tons at the stored at the railroad station bins awaiting transportation to the International smelter Tooele This would represent about at In values There are seven $160000 trucks hauling the ore from mine to station fifteen miles distant 'Gulling The Great Western Power company is now completing a power line to the ' mine In six weeks It is expected To ’ switch from steam to electricity at the Walker This Is expected to cut down power operating expenses fully 50 per cent The company recently let a eontraet to W Fitch Jr of Utah to sink the main shaft from the 300 to the 600 level also to do 1500 fee of drifting and crosscuts It Is declared that - : - 1 j - 1 LOCAL SECURITIES - The following resume of market and business conditions Is - made In the letter of John C Cutler Jr weekly ' In Utah the weather has been beautiful this season and the farms and orchards have produced large crops for which fair prices are being received Beet digging 111 start next week and the various sugar factories will commence to operate soon after Sugar comToday the Utah-Idah- o pany paid ' a 2 per cent dividend amounting to $472527: the4 Home Fire Insurance company paid per cent to Beneficial the $12000 amounting Life Insurance company 2 per cent or $5000 McCornlck A company 4 3 or $26000- and the Utah State National Bank 8 per cent or $18000 On Monday the Consolidated Wagon A Machine company pays Its 12 per cent quarterly dividend amounting to $43750 - ot ot 4 1-- - I - ' -- 1 ' ‘ ornla-Comsto- ck 800-fo- ot r-- f - mar-keL'l-- - National Bank of the Republic National Bank National City Copper Bank Nephi National Bank Ogden State Bank Provo Com A Savings Bank Salt lake Security A Trust Co State Bank of Brigham City Bank of Garfield State Panguitch State Bank of Millard County Fillmore State Bank of Richmond Brlss 1st 'New Money Issue of stock is Tpresent that If all stockholders Fire CVcy CoCcr Utah Utah-Idah- o 8ugarBank Utah State Nat 12 6 6 8 25 22 BONDS Akta'ciub exer- - Con Ry A Power Co l 11200 23500 16800 12400 12500 45000 33300 9800 171 22500 15 2000 9 12 17500 15000 1$ 24300 10200 24000 36000 40000 6 Utah Savings A Trust!I Co Walker Bros Bankers 7Ju I 12 Zion's Savings Bank ftlI S 24 Trust Co 8 20 Z C M I (old) -so $1077--00000-r- 97100 - - - -- ' California Silver King Now Shipping - 7600 990 - 'y : - : MAD COYOTE ATTACKS MAN ASLEEP IN BED the animal out with a pitchfork EXCESS RESERVES DECREASE New Tork Sept 29—The actual condition of clearing house banks and trust companies for the week shows that they hold $77012120 reserve In excess of legal requirements This Is a decrease of $5742400 from last week 1 ed ‘ ' over there nations 'allied $15000000000 - 4 'ft v : -- -- ‘ n ' Go to your bank— or any bank— and buy the bonds that will send your dollars over there to give a FAIR CHANCE to the boys who are offering-theilives for the world’s liberty' uwULiuiJ ©IF'TOM f V T y I t - - Capital paid In $59379000 Government deposits $03051000 Due to members’ reserve account $1137491000 Due to nonmember banka clearing account $00057000 ' “ Collection Items $157304000 Total gross deposits $1425163000cirFederal reserve notes in actual culation $090343000 Federal reserve bank notes In cir- t Make it to include money you NEED Make it to include money you CANNOT POSSIBLY SPARE And the 'feeling that will spring' up in your heart will be pa- -' triotism — and more It will be your part in the universal sacrifice —“That the world may be made safe for Democracy” 1 00 posits $240733000 Five per cent - redemption against federal reserve bank $500000 All 'other resources $423000 Total resources $2194791000 Liabilities In that spirit make your subscription -- 00 1 - r :v - tears of millions and millions of his fellow men he should not suffer at all? To the full extent 'of your ability and your opportunity ypu MUST carry on YOUR shoulders some 'of the ’burden of this war for humanity Don’t Wait - $17$-7500- o V The total' annual income of all1 the European with us in this temble three-quartewar is only of the total annual income of the ‘United States : Yet rs t $49-QS40- Bills discounted members $233235- Bllls bought in open market Total bill on hand $41009100 term United States government long securities $55179000 short United States government term securities $39771000- Municipal warrants $224000 Total earning assets $505265000 Due from other federal reeervs banks net- 67933000 Uncollected Itms $222309000 n Total deductions from - gross de- -- ' A ' Is any Utahn willing that in a world made free by the blood— the suffering— the -- - Total gold reservo $1296727600 etc Legal tender notes ' silver Total reeervos $144721000 up to Fort Douglas' or-t- any other training camp and look at the long lines of boys who are being brought to the top vigor of their young manhood that they may be fit to face the most highly trained fighting men in the world Go -- M ’Resource part - : red-blood- tember 26 shows: culation net liabilities $3000000 forAll other liabilities Including eign government credits 32906000 Total liabilities $2194701000 Gold reserve against net deposit liabilities 703 per cent Gold and lawful money reserve against net deposit liabilities 745 per cent Gold reserve against federal reserve notes In actual circulation S0S per cent The above figures Include the condition of the San Francisco bank September 31 Returna for the week end23 had not been reing September ’ ' Add accrued Interest to quotations on ceived by the federal reserve board late tonight bonds ' $ - - v and what is not patriotism in subscribing to the second Liberty loan The total annual income of the people of the United States is $38000000000 ' The government will now need half of it For ypu to put only your spare money into the second Liberty loan to be returned to you at the end of the war and to draw interest in the" meantime cannot be called patriotism It is an investment— at most it is insurance! The time has come for genuine patriotism You must dig down below' your SPARE MONEY into the money that means sacrifice : -- 1 against a frightfulness SpscUL sa - ‘ ‘I ‘I 1” -- BARRELS DAILY Casper Wyo Sept 29 — Although th Wyokans well on the Monatch property In West Salt Creek Is now flowing five hundred barrels a day and shot many feet ato'ye the derrick when brought In It Is on top of the sands yid will be sent down about twenty feet more Samuel Newhouse will not reach Casper until early next week when he will complete the plans ' for development work on the Casper Embar Petroleum property in the Powder river field exWithin the next ten days It Is pected that material and drills will be in the field-"-- those determined patriotic people have been lending their government some $15000000000 each year since the war began That has meiant sacrifice indeed! ' V This is onr war as much ajer it is their war Our have money must government For tlie good of your own soul you must distinguish between what is patriotism ' Hmld-KcpiftXIe- UYJ is a real war This and It is a war to the finish The cause is just righteous that is clutching at the very throat of humanity 500 : ' uvf A 4 Manager MJ M Johnson of the Silver Millions Added to King of California says that the lat- Sixty est word from the mine Is that they Reserve Bank Reserves have 150 tons of ore broken and have shipped one carload of the ore which Washington Sept - 29—Heavy puraverages about 30 ounces sliver to the ton They are now breaking about 25 chases of bills during the last week tons of ore a day The' shaft work has resulted in swelling federal reserve been completed and now operations bank resources approximately $60600- are moving The 000 over the previous showing along nicely statement of the banks’ condition Sep- in eeeeaee My Mountain States TeL A TeL Co Inter-Mounta- in - oaaaoaoe Mlller-Cahoo- comIn October the Layton Sugar ' company pany Amalgamated Sugar Hotel Utah Operating company Inland Crystal Balt' company Life Insurance company Mountain States Telephone A Telegraph company National City Bank Merchants Bank Deseret National Hank Z C M L and other Institutions pay dividends On October first the Z G M I as has been' announced will pay a stock dividend' of 300 per cent to present stockholders giving each who now owns one share four shares of the new Issue ‘present stockholders also are to have the privilege of taking out another 'share at par for each old share which means that a they now possess' person having one share can by paying $100' receive a certificate of five shares of tfie new stock The expectar tlon Is that the new Issue will pay 5 per cent dividends - Word received yesterday by officials of the Liberty OH company is that the construction of the derrick at the 8prlng Valley property is now well under way and that It Is anticipated that "spudding In” will be ready In the next ten days" Considerable activIs being exhibited In all parts of ity the 8pr!ng Valley oil field according to word from the front With proven oil wells up close to their ground the Liberty people feel that It Is only a question of reaching the sands ’when production will begin There are said to be about twenty wells now in' this corner of Wyoming about 100 miles east of Salt Lake and contributory to this city and Ogden - Many' Pay' Dividend ' LO Inter-Mounta- - - - ' NEW VELL IS GUSHING - - -- ' READY TO DRILL IN SPRING VALLEY - - - - UBERTY OIL IS 11050 Continental National 10 Bank 18000 15 Deseret National Bank 30700 Thomas Redmond secretary of the Deseret Savings Bank 60 102500 state live stock commission and George Davis County Bank 20 Holman of the federal biological E 28000 Farmington Farmers A ' Stockgrow- have completed their plans era Bank 8800 survey for the campaign for the exterminaFirst National Bank tion of animals in Utah Conpredatory 25 39900 Ogden ferences have been held during the FirstNational Bank 10 15700 past week with the stockmen of SanMurray pete Sevier and Garfield counties First National Bank 15 30000 The predatory animals will be lure! Brigham Guardian Cy A Guaranto death by the carcasses of horses 12 650 ty Co which will be furnished by the stock-me- n 21 28:00 Heber J Grant Jk Co Poison baits will be distributed 16 2400 Home Fire Insurance Co by men working' under the state and Hotel ' Utah Operating 10 10600 federal governments’' Balts will conCo sist of tallow balls containing strychInland Crystal Salt Ca ' 9300 nine preferred Life InSheep and cows will not eat tallow 6 1200 There surance Co are but few dogs In these dis7 12500 Kamas State Bank tricts A Trust Knight Several cases of rabies in coyotes 6 12800 Bank Provo Savings 10700 have been reported from the Fish Lake Co qu Layton Sugar McCornick A Co Bank- forest A coyote went Into a 17U7 29000 national e a e 6P9 s house ranch and attacked a 6 9300 man who wasatInnight Merchants' Bank The man drove bed n MurCo ’ -- - 200-fo- g ' : j - - K' J high-grad- - - 300-fo- ot - - - some-shippin- -- : ' - -- - i ' '' ' UTAH SUNDAY SEPTEMBER 30 1917 doe thdr privilege It will bring that amount of new money Into the coffers w of the Institution As the new authorised capital will be $600000090— end as over $500000000 will have been Issued when the present deal Is completed nearly $109000900 will be left undistributed In the treasury The directors however do not expect that all stockholders will take advantage of the privilege one of the said owing to the money strinHas Been Followed for Ten officers gency and the approach of another Liberty loan Employes of the InstituFeet and Is Under tion will probably be given the opporof for part of the tunity Rich Outcrop new stock subscribing Local securities are only fairly active ' Albert McLease and H L Parker Local securities ranged as follows: both Beaver county ‘mining men were Cutler quotations follow: over to look at the reported’ strike of e ore In the Beaver Copper O located twelve miles northwest of MilOSS ford 8everal mine cars of the rich o stuff that It Is reported sampled more v than 1000 ounces had then been saved' So The streak continued about 6 lnchea era wide the core with considerable copSTOCK8 t ' per glance In the ore This was on the 2000 level They had then drifted about 5' 10 feet on the ore ' This ere Is found under an outcropping vein where high values were taken from shallow worki ings The formation In this block of ground Amalgamated Sugar Co 12 23100 (old stock) shows a granite lime and a porphyry-monzonl- te Beneficial 10 Life 18500 Co Ins kind of intrusive The values Barnes Banking Cou some on are found the contact with 12 26000 Kays villa limestone The ore Bank 12 of American Fork 20000 going out into the was 13 of Haber City 2000 stands vertiele and showing In the Bank of Southern Utah roof and bottom of the drift This work Bank 12 Cedar 2000 la all east of the main working shaft Ccn Wagon A Machine every additional 200 feet proven on the ore sone adds tens of thousands of : tons to the resources of the mine The 800 feet will be triple compartment In the new shaft work The Walker Mining company Is now controlled by the International Smeltcompany a subsidiary ing A Refining of the ' great Anaconda Copper com pany It owns 630000 shares of the b 1250000 Issued Besides this there are which stook of Lake Salt shares 100000 preferred People Operating will be called In when the company of cancels Its bonded Indebtedness Bay Horse District $100000 This is drawing accumulaof Idaho tive interest at :the rate of 7 per cent now on hand repreThe concentrates sent ' It Is declared more than sufficient to cancel the Indebtedness and Mining‘ operations in the Bay Horse retire the preferred stock The fore- district seventy miles northwest of statement going is a made yesterday by "one of the officials Mackay have' been carried on on of the company pretty comprehensive scale during the past summer according to Horace Lewis director of "the Hermit Mining company who has returned from central Idaho' Besides the Hermit 'the Red Bird Bay Horse Ramshorn and other mining properties have been actively developing and some of them ON THIRD WELL shipping? The Red Bird has been In the hands “ V of lessees who have been doing this season The Ramshorn ' "This telegram tells a good story to will probably ship some of its old smelontana-WyominIn g the stockholders' lter The Bay Horse has shortly dumps Oil company” ' said A B Carstensen been working comtreasurer of the secretary and Mr Lewis down samples of pany yesterday as he tossed a mes- rich ore frombrought the Hermit where It is to several visitors In his the expectation to have things sage over In good : office This Is what the message shape to start shipments In the- spring : dated at Midway Cal said:' There are three big strong fissures In readiness to spudi in running "Everything the property all paralour third well In this greatest oil lel A through Is In about 200 feet tunnel field in the world as also preparations a crossfissure and-- Is it struck to clean out 'the sand which has where on out it Some of the ore drifting clogged our well Noy 2 This done found better than $200 a ton samples means a much greater production and The best ore assays up cent to 74 when the No 3 well is down there is lead 148 ounce! ' silver and $2 per In gold no telling what our output will be for to the ton- The drift along the vein the territory on which we arelocated Is 8 feet between two well defined Is so rich that a gusher is within the walla- With the tunnel In another 200 possibilities Will expect you the com- feet the second parallel vein will be cut The veins strike with the ing week" "I have been expecting the telegram course of the mountainparallel for several days and therefore am in readiness to go to the field so I shall leave on the Los Angeles Limited this evening for Midway and will In all probability be absent two "weeks” said Mr Carstensen "No one who has not vlsltedthe MidwaIN ALTA CON DRIFT y-Sunset fields has any conception of the output of that section In the territory where we are located there are 1900 wells all producers and some ' Latest word from the Alta Consoliof them' flowing thousands of barrels dated at Alta is that the main deep of the golden grease every day In (drift is now out about 600 feet and fact the number of derricks Is so great face shows improvement This that it Is' a veritable' forest of rigs the 800 feet in a at started drift point while the boiler plants and storage from the portal of the Copper Prince tanks make a city ' The tunnel drift Is making northwe have "Over In Wyoming where two westerly It cut a - fissure about rich holdings similar the stampede months -that'showed ago eighteen Grass basin' the continues In the Elk of rich ore This was left 'for Creek district the Rawhide anticline Inches ' future exploration and the drift was new wells section river Powder and the In search of the main continued are being constantly brought In and fissure theonBraine morewere drilled be would there many ' is that some low valIt not for a lack of man power It is uesThe word now In and It is possible 'are Incoming In oil to the difficult get experts the is at hand 'The that objective Is much difdustry Then too there was before due Braine this but ltihae casIn encountered obtaining ficulty furout flattened probably requiring from wells and this stops the ing for the Is It as to ther away go dipping spudding In of many wells” the course of the drift This work Is from the surabout 650 feet vertically CAtlFORNIA-COMSTOC- K face and possibly 900 ' feet on the dip the formation Something more OPENS TEN FEET ORE of than of ' ordinary Interest is expected at the Alta Con any day now It was stated yesterday by one of the FLOUR DROPS AT CHICAGO officials of the Calif of the Park City that on the level Chicago Sept 29— Standard family main ore body had widened out to 10 flour dropped 40 cents to 1140 a bar' was said feet This Is said to be practically all rel today the first ch of shipping grade ore making one-osince the fixing of w! by 'the prices the best showings In the mine Ship- government It was sid to be due to-ments at the rate of 125 to 150 tons of a freer' movement of wheat to ore are belng made each week :' WAITER IS BIG i: r dTr SALT LAKE HEBAID-BEPDBLICA- N x m |
