Show ' ' -- ' O - ' t THE I $229051000 20 TEAMS FOR MODERN PLANT ' MICHIGAN-UTAv- - l - ''Vi -- V Aggregate reserve $574318000' Excess ‘reserve $83989550 increase ' 56977480 Summary of state banks and trust companies in Greater New York not included in clearing house statement: " Loans 'discounts etc ' 8834241900 ! R T- decrease 39614600 Tonnage to Smelters by i Hauling Direct From Tanners Will: Sink and Drift From To Increase Tunnel in Big Cottonwood" - Operations on a comprehensive scale are about to be started at the Bed Bell Mining: company's ' large domain In Big Cottonwood district' just east of the old Mazfield mine on the north side of the creek "One of the directors said yesterday that already purchases have been made and the for a complete modern plant machinery started on its way to the canyon This consists of a compressor pump hoifct drills and motor Arangements have been made with the Utah Power and Light to start to stringing lines to- - the new “plant- on Monday and the work wllr be pushed through to a speedy completion- The erection of a compressor house will be in a short time started on Monday-an- d it is expected to 'have-- all the new ma- chinery housed and in operation twen-'ty-tThe Red Bell company' owns mining' claims or about 440 acres' One ' is an old patented claim 'There is a tunnel feet: It is expected to send this further ahead in the mountain and probably to sink on ' one of the most promising 'At a recent meeting of the places' directors ' Arthur L Thomas Jr was chosen one of the directors" An executive com- mittee of tl)ree has been chosen to look ' ' - v ‘ v - ' wo in-70- 0 ’ after operations ConsolidatWhile the Michigan-Uta- h ed of Alta is breaking about 1000 tons 'of ore a week or at the rate of 150 tons a day yet the shipments the past week did not" exceed 250 to 200 tons Judge that the transporHaire said yesterday tation question is ' still r uppermost in the minds of the Alta managers who have the ore but are' harrassed to get it down to the smelters v has arranged for The Michigan-Uta- h f ifteen to twenty oret teams to begin Tanners-flaMonday aad hauling from he hopes to keep! them busy for some time to come pulling the large accumudirect rto' the' smelters or lation of ore to Sandy - The teaming is being dons by Messrs Dix and Smlthers It is said that the transportation of ores from Wasatch down is still unreliable with cars one day but none 'the next It was believed that the Denver & Rio Grande was going to take over the Salt' Lake A Alta line and repair equip and furnish with cars But the Alta operators haveample been doomed to another disappointment The railroad is said to be little tetter tc- day than under the old management which was hampered throughlack cf - - - M0NTANA-B1NGHA- M - to-reduc- e - 1 - - so-call- ed $24-0000- 00 - ' - operations : -- - - - me ' ' V According to officials of the Consolidated the For-tumill has been Increased to ' 200 tons daily capacity and it is now working successfully while a large tonnage of concentrates is now' in its drying process v V It is also reported that ' some' high-graore has recently been opened in the Valentine end of the property’ The Ag mile-lon- g drainage and transportation tunnel Is dose to its objective the Mayflower vein and preparations are beings made ' for drifts and raises to the lower Fortunaworkings 1400 feet above 7 ' ' is now minThe Montana-Binghaing and shipping the richest ore coming out of the Bingham district- is the claim Recently two very high-graore bodies have been opened which assay well in ' silver m well as giving high copper values The company announces smelter settlements on two carloads of ore which gave values in gold 67 cents copper Men-tana-Blngh- ' am na de decrease ' decrease Total deposits $994528100 $5500100 Banks cash in vaul $12841200 ' Trust companies cash -in vault ’ 859-7181- 00 WAR MONEY MAY BE LOANED TO RAILROADS V Making Good Shortage Felt at First From German Stoppage ing the first six months of 1917 than was made during the entire year 1916 The reports received by the United States geological survey department of the Interior have been reduced to terms of ' the commercial unit commonused to measure the available or ly water-solub- le potash (K20) In the product and 'only material actually old by the producer during this period is Included The weight of the materials handled was thersfore much greater than represented by these fig-urSummary of the production of potash In the United States January to June - "BY STOXON WALL t By International News Service 'New York Oct 6— Today’s market was regular and apathetic Trading was light and while the feeling In the street appears to be cheerful It was confined mostly to the first hour All Interest ' died out in the second hour after which the professional element succeeded in causing prices to yield The close ' shaded the day’s highest prices considerably The better feeling prevailing was attributed ' to the adjournment of Congress and to reports that the government ' Will announce within a few days its intention to loan several hundreds of millions of war ' money to railroads rumors dividend were current Extra today One large industrial corporation Is reported to have voted a large stock dividend to be declared next month and others are sajd to be conwar templated to avoid the extra large were tax on large surpluses Rails mostly firm during 4he day They yielded with other Issues In the late trading with the exception of New York New Haven- ' Hartford which closed at its top 301 Union Pacific and Chesapeake & Ohio adyielded vanced i United States Steel'"- common lost 11 Crucible Steel I" Bethlehem B I points Tobacco Products and United Cigar lost l and 11 points respectively NEW YORK STOCK LIST A' WflcpJn© A Holdings and proposed capitalization considered Syndicate shares are your cheap- est and best opportunity to acquire a substantial interest in the Great Powder River " Dome ea - (Inclusive) 1917: - - -- ‘ - ' - - 1- - Only twenty-fiv- e reports of production from wood ashes have eome In some of the larger producers not hav? v lng made returns This table Includes practically all potash produced The Nebraska alkali lakes still lead the enhaving yielded about tire production There are now at least four Important operators in this field one-thi- rd The production from Searles Lake assisted by passage of the legislation now before the house of representatives dealing with the leasing of bearing lands Continued unceras to of titles to this the status tainty property has hampered development of - CaL would undoubtedly be materially m ” $7069- - Fifteen tons netted after paytransportation ing all smelter ' and On the same day a charges' $98028 ton lot gave valfifteen and one-ha- lf ues of 57 cents gold $843 silver and $2292 copper netting $328 for the fifteen and a half tons 'after paying smelter and transportation charges Two carloads of concentrates and two carloads of high-grashipping ore now in transit from the Fortuna one of the properties of the Montana-lng- hainjConsolidatedand-severaiicarioadLYY are awaiting' shipment - - de B : New York City Banks9 V Excess Reserve Increases i New' York' Oct 6—The actual condi- tion of clearing house banks and trust companies for the: week shows that in excess they hold $83989550 reserve of legal requirements This is an in crease of $6977430 from last week The statement follows: Actual condition:1 - -- - ’ 1 Total sales 'for tbs day 210000 shares Washington Oct 6 — An Increase of more than 398000000 in resources of federal reserve banks during the past week due to additions to the volume North Salt Lake Oet 6—Cattle— Recelpta 50: of gold and held in reserve $247000 : new amount the of discounts and Libstaera 7500860 fair steers 6CflJ25 choice Specie Included in (a) and (b) ecwi and heavy 'heifers 6500725 fair to good erty bonds purchased is shown in the and heifers 6750650c enttera 5000625 bank’s statement of conditions October xUnited States deposits deducted cows eanners 4000500 fat bolls 6000700 bologna 5 The statement shows: balls 5000600 veal calves 90001100 Resources:1 ' Choice hogs 175 ' to Hogs Market steady Gold coin and certificates In vault 225 pound 186001900 mixed hogs 160 pounds CLIVE STOCK MARKET gold-note- - s - 00 - and up 177501650: feeders 140001500 Good Market higher Sheep— Receipts 2175 ewes- - 8250925 choice lambs 157501625: wethers 100001050 yearlings 105001150 - i: The management of the vr- vl ' n 8481649000 s Gold settlement Gold with foreign agencies funds-$33478700- 0 000 $52500i ' Chicago Oct 6— Hogs— Receipts M00 un Total gold 'held by' banks Bulk 18250 settled at ’ yesterday’s average mixed 1925 179001965: ljght178O0192O Gold with ' federal reserve agents 179001815 pigs 1406 rough heavy 179001960 3560111000 01775 Gold redemption fund $9485000 Cattle— Receipts 4000 steady Native steers 72001705: western steers 625491500: Stockers Total gold reserve 81488512000 and feeders 02501150 cows and heifers 5150 tender notes silver etc $48- Legal 1240 calves 93001625-Shee— Receipts 6000' steady Wethers 9100 208000 Total reserves $1486715000 1200 ewes 16501200 lambs125O01S6O -- - - ' - " - Salt Lake Live Stock 6— Hogs— Receipts TWO Kansas City Oct Balk 178001940: heavy 190001950 packer and butchers 189001945 - light 175001925 pigs 170001200 1700 - Prime fed - steers 16 CO Cattle— Receipt 491700 dressed beef steers 115001550 western steers 90001400 cows 55001000 heifers 650 01300 stockers and feeders 65001400 bulls 6250800 calves 650491800 Lambs 17250 Sheep— Receipts 600: steady wethers - 11000 1825 yearlings 120001250 Holtmaii Live Stock Commission Co Commission Co Visitors extend a cordial invitation to Conference ' ' YY:-tvisit the fpju - j 1L1IVE aimm North Salt Lake! THERE WILL BE ON SALE MONDAY 4000 BREEDER AND FEEDER EWES 1000 FEEDER LAMBS 300 FEEDER HOGS Use Bambcrcr liinc ar Ceiiierville Street Car y Fine Auto Hoad All the Way ' i T 00 securities $78632000 Municipal warrants $79000 Total earning assets $580851000 Due from other federal banks net A ‘ - 1u' t ' v: v " C 4 ' : QUICK ACTION IS NECESSARY: - 12570000 Uncollected ltems $280423000 Total deductions from gross deposit ern steers 85001150: Texas steers 75001050 cows and heifers 6600900: eanners 5000600 $232993000" stockers and feeders 65001450 calves 6000 Five per cent redemption fund 1200 bulls stags etc 6750726 1200 against federal reserve bank notes Sheep— Receipts 6500 steady Yearling $500000 01225 wethers 110001225 ewes 100001100 171001810 All other resources $574000 lamb Total resources $2301633000 ' PACIFISTS DEFY STATE AUTHORITIES SToect l - Bills bought in open market Total bills on hand $451418000 United States government long term securities $55727t000 United States government snort term - IWTER-WOMOTAI- W u 1250 ewes 102501175 — Hogs— Omaha Oet Receipt mixed 1890019 00: light Heavy 187501900 170001800: bulk 188501900 190001925 pigs Cattle— Receipts 800 steady - Native steers 90001700 cows and heifers 65001050 west- As soon as the company is formed which will be immediately after the Syndicates closed (which will probably be within ten (Jays) the stock will at once be listed on the Denver and Casper exchanges We anticipate (based on reservations received from outside sources) that the heavy demand for these shares will continue and predict that within two weeks they will command a premium $265251-00- 0 $186-1620- 250 "SsfiradDoaft© Glares all §50 EadhT Oil Co p Bills discounted members N 11 m liil ©yy & ®)ra & Thomas 0® V Stock Exchange Building Liabilities: Capital paid In $61027000 Government deposits $86285000 Due to members reserve account 31148887000 Sioux Falls S D Oct-8-Plans to Due to banks— clearing hold the conference of the People’s account 894029000 Council of America for Democracy and Collection items $159288000 Peace here October 10 despite an orTotal gross deposits $1488484000 der of Governor Norbeck to State SherFederal reserve bank notes in actual iff Shanks ' to prevent meetings of the circulation 8740916000 council in South Dakota were anFederar reserve bank notes in circunounced today by William C Rempfer lation net liabilities $8000000 an attorney of Par kston 8 D All “Other liabilities including foreign During a meeting held at Parkston government credits $3206000 " last night attended by 500 members of Total liabilities 32301633000 the' People’s Council the electric Gold reserve against net deposit liawires In the building werecut andlight the bilities 692 per cent pacifists continued their deliberations Gold and lawful money - reserve In darkness net deposit liabilities 730 per centFormer United States Senator Petti- against Gold reserve against federal reserve grew it was announced will preside as chairman ‘of the proposed conference notes in actual circulation 769 per here cent f The Tisdale Oil Syndicate consists of 1250 shares the unsold portion of which is offered at $50 a share As soon as these 1250 Syndicate shares are disposed of a company capitalized at $200000 par value 10c a share will be formed to take over the Syndicate holdings Each Syndicate share will at once be convertible into 600 shares of stock in the company which is at the rate of 8 Vi cents a share and your stock will be delivered to you individually after the company is formed As soon as drilling begins which will be at the earliest possible moment the first offering of treasury stock at 20 cents per share will be made (provided however a well has not in the meantime been ' brought in) Investors and speculators will not be slow to see the immense possibilities for large profits in the purchase of these Syndicate shares The Weber Petroleum Company headed by 'Dr Howard Weber millionaire oil operator of Oklahoma has offered to develop the Tisdale basis ' Oil Syndicate holdings on a fifty-fift-y The Tisdale Oil Syndicate has contracted' with the parties from whom it acquired its property to have a rig on the ground by November 1 thereby providing quick action for owners of Syndicate shares' Our holdings adjoin those of the Tisdale Oil Co the first company to drill this field They are close to the holdings of the Western Exploration Jupiter and Mountain & Gulf Co holdings which latter company is controlled by "officials of the Midwest Defining and Midwest ' Reserve Bank Resources Make Gain of $980000d0 ’: N ’ A glance at the map will serve to show that the holdings of the Syndicate are right in the heart of the Big Development During the past 48 hours the Tisdale Oil Syndicate has acquired 160 acres in sections 18 and 19 township 41 range 80 increasing its holdings to 1200 acres instead of 1040 as at first proposed The Tisdale Oil Company well on section 35 township 41 range 81 is reported to be entering the limestone formation or capping which is said to exist about 80 feet above the Embar sands where the big flow ' of oil is expected this Important deposits No production is reported from feldspar or other silicate rocks hut considerable quantities of potash salts and potash-bearin- g fertilizers were obtained from the dusts in cement mills and blast furnaces The production from kelp was about 15 per cent of the total as It was In 191BT Potash from distillery slop and other organic sources made 15 percent or more of the total The production of potash from wood ashes including “first sorts “psarl-ash- ” and other grades is supposed to have been much greater than it was in 1918 but reports from thsss producers have been mueh' delayed and ‘the figures obtained thus far are probably not representative The potash made from wood ashes thu far reported amounted to 223 tons which is assumed to average at least 50 per cent too low hilt defK30 This is perhaps inite information ' as to the grade of this material is difficult' to obtain The prices quoted range from $350 to 86 a unit a unit meaning 1 per cent of potash in a ton of the material as marketed— that is a product carrying 25 per cent may be sold at 4 a unit which would be 3100 a ton for the material marketed The figures given seem to Indicate that tne production for 1917 will exceed 25000 tons of potash or two and one-ha- lf times that made in 1916 This is about 10 per cent of the average normal yearly consumption of the country before the war showing the need of further stimulating domestic production of potash ' i - potash-- de $123-7510- FD©f '©ppqpfluiniBflw §F®aoirod - - - POTASH BIGGER More potash has been produced dur- -- Loans discounts etc $3958368000 Increase $16099000 Cash in own vaults members federal reserve banks (a) $90182000- 'Increase $5500000- Reserve In federal reserve bank of Increase member banks $367035000 $554000 Reserve in own vaults state banks and trust companies (b) $71946000 ' decrease $20668000 Reserve in depositaries state banks and trust companies $185337000 Increase $25366000' ' xKet demand deposits $3532058000 decrease $1355 000 Net’ time deposits $211509000 increased 85 9 40 00 Circulation increase $32276000 - SAM'S 11781-70- 0 ‘ $14556200 i MM ' 7 decrease - - capital George I Walker Boston copper statistician' declares that the Utah Copper is good for $3000000 profits a month this year He says: “Utah Copper because of its greatly ' increased production and earnings has been picked out by the trading talent as the company mpst likely to suffer heavily through profits taxation A number of traders have sold the stock short anticipating that it will become for the company ' necessary its dividend payments quite materially “Including its Income from Nevada Consolidated and the Bingham & Garfield railway Utah Copper is likely to ‘earn $36000000 this year Computation from such figures as are now available indicates that the greatest amount it possibly can be called upon excess profto pay under the its tax law will be $12000000 If a fair allowance is made for ore depletion however Its tax should not great-- ‘ Subtracting the ly exceed $10000000 about however larger amount would remain ' and this would —1 be equivalent to $1475 per share or thereabouts for dividends' “During the first quarter of this year Utah Copper earned 'only $7246-81- 8 This poor showing' resulted from decreased productlln and increased costs brought about by the coldest and most severe winter weather expe-- v " rienced in that section of the' State lfe of Utah for thirty years ' Its earnings -for the second quarter were $10563541 and this should be equalled by the for the 'thirds quarter?1 How much copper Utah will hate1 left to' sell at' 2Si cents during the last quarter alof 'this year after filling contracts unprices is ready made at higher known but there is every prospect that Its earnings for the closing three months will equal or exceed those of the first quarter -- The company alhas set aside a very large sum readyexcess for profits taxes' but not as much as will be called for by the new stands law if the bill is enacted as-it “Since the middle of this" year' when new contracts for supplies went into effect Utah Copper’s ‘production cost lias advanced appreciably It prob- company 12 ably is now costinga the small fraction cents and perhaps more per pound to produce Its copper It ’ Is a tax peculiar fact that the excess higher cost of producprofitsand thethefixed tion price for copper ' create a condition which gives Utah Copper almost exactly the same final net profit per share that it would be able to earn if all condltoinswere back o normal and it were producing its1 cost of 6 cents and sellcopper at16a cents On its present vol-iiing it at of output its earnings under the normal conditions described would be about $1450 per share annually It would seem therefore that Utah Copper la likely$14to continue inpaying apdividends per share proximatelyadditional cauntil the productvie enable is will which provided pacity It to pay more" Legal tenders $307800 ' v C Specie 8575031000 - 700-Fo- ot SALT LAKE CITY UTAH SUNDAY OCTOBER 7 1917 HERALD-REPUBLICA- N OUT-OF-TOW- INVESTORS N AKE REQUESTED Newliousc Building THE COUPON TO USE BELOW non-memb- er - - - - - ' - ’ - I desire tor subscribe 'f Street 06ti9099609t000ca0f946a0a9 'a i" r : V: ' s 4 a - ' w doll&r8$ &t tll6 a'a and herewith - - mclo80 Town shares in The Tisdale Oil Syndicate for V isle ok $S0 A shire : I -- - ® a's |