Show -- j v- - y - - ft-- - V S ' - 6 THE - 1 SALT LAKE CITY UTAH MONDAY OCTOBER 8 1917 HERALD-REPUBLICA- N J Wheti a Feller Needs a Friend - - - - - — - SATISFACTION GUARANTEED By BRIGGS jf you want prompt efficient and honeet service when buying or selling ’ 9 V mining stocks call np H & COLE who can give you the benefit of ninetoon years' experience ' jT WORLD’S PRODUCTION OF PETROLEUM - - 5-- Notes From Salt Creek and Other llActive Central Vv “ V United States RussiaMexico ? 16-48-- - 21-40-- 70 - ar THREE BILLION 3917328402 522310554 1768588017 232917643 The total value of the mineral production of the country In 1916 was more than $3470000000 Increasing $1076200000 or 45 per cent over the $2393800000 recorded for 1915 and exceeding the former record year (1913) by more than 31000000000 according to preliminary figures compiled by the United States geological- - survey department of the Interior - Practically all the minerals shared In this Increase gold being the only one of the more Important products that showed a decrease in value though sliver and anthracite showed decreases' In quantity but Increases in value The metals established a new record In 1916 exceeding for the first time $1000000000 and approximating a total of $1623000000 Pig Iron and copper contributed more than 78 per cent of the total Increase of 6629000000 but large gains were made In zinc lead aluminum ferroalloys' and tungsten ores As compared with the figures for 1915 the metallic products Increased 61 per cent The total value of the nonmetallle $278000000 products Increased nearly over the value for 1913 the year of next highest output the figures for 1916 being $1838000000 as compared with $1555000000 for 1913 As comthis Is an Increase of pared with 1915 $440000000 or 32 per cent Coal and 76 per cent of petroleum contributed the Increase shown In the nonmetallle products The final f igures for both metals and nonmetals may be somewhat Increased over these preliminary figures - - -- ’ "HOOVJERIZED 6046 2722 282 250 216 ' 139 - ’ 7 BADGER 7 Ubln Street—Phone FriraU 'Wires to All Markets 106 ''J COBALT SILVER Salt Lake Mack Mining Exefes Bnj and Sell oa Commission Stocks Bonds Grain Cotton Local Mining and Industrial Stocks PETROLEUM IN LA BARGE HELD 1916 AND 1917 OUTPUT LARGE - AM) UTAH MEN ' “ P i i Stocks Production and Consumption Is Given by Metal Production Northern Lease Thousands of Acres Canada Estimated at Consolidation and Other I $200000000 Activities - - - Months : It Is reported from Cobalt OnL that the high quotation for commercial bar silver has already been the direct ciuqa of not only added impetus to the operation of the:-bihere but has also made - It - producers to reopen possible and operate some of the smaller outlying properties Notable among these Is the old Cobalt Silver Queen ( and the ProylnolaL Also there would 'appear to be some promise of t the Alexandra and the Bailey Cobalt being brought back to life Another trial with silver above $1 6 ounce well be attended with success might Not only the high price of silver Is ' In favor of 'their "successful- ation at this time" but also theyoperr are in a position to benefit materially from the experience gleaned from the mining and treatment of these particular ores for more than a decade Modern methods in which oil flotation is gradually playing a more important part makes it possible to treat at a profit what not long ago was classed as waste rook The silver mines of this district are today producing bullion at the rate of $20000000 annually The gold mines of the country already have milling facilltioes for the 'production of annually com With present new Installations pleted at Kirkland ' Lake and with sufficient labor the annual output of that of the silgold will ver campsapproximate which as stated is at the Thus7'-therate of $20000000 total bullion output will amount to approximately $40000000 annually " -- - ‘ -- - $18-0000- 00 - - $200J00000 ' Output Already from the geld and silver mines of northern Ontario there has been produced not far short of Of this' amount nearly came from the allyer mines Gold production amounts to nearly $40000000 In addition to this record in value of production le the fact that ore reserves at the gold and silver mines of - $200-0000- 00 $150-0000- 00 this district approximate not far 'short of $130000000 Of these ore reserves Porcupine alone has over $70000000 The entire gold area Including Kirkland Lake Munro and Boston Creek along with Porcupine have approximately $80000000 In ore reserves These estimates are based on carefully compiled figures taken from official estimates They do not include such Porcupine properties as Davidson Newray Keora Hayden Tommy ' Burns Thompson-Krl- st Apex Imperial Inspiration Gold Reef and others but merely include' producers with the exoeptlon of two nonproducers-ThPorcupine producers are in their order of importance Holllnger Con- Foley-O’Bri- en IeRae-Porcupi- ne e solidated Dome Mines Mclntyre-Por-cuplPorcupine Crown Schumacher Porcupine V N T and Dome Lake The two non producers included In the estimates are Weqt Dome Consolidated and Anchorite The Cobalt Important producers are Niplsslng Mining 'corporation Kerr McKinley-Darrag- h Lake Conlagas O'Brien Buffalo ' Beaver Temiskam-In- g ' Among the now second rate producers of Cobalt are f Crown Reserve La d Rose Trethewey Chalmers-Ferlany Hudson- - Bay and National Hargraves is also a ' producing ne Thompson of Salt Lake City £ZrIZneea J’ BUM Chicago with the ®°nnd Reningtracta syndicate are n in the re- °J xion °f the Cretaceous holdings on Dry Pjney says thePKem- sewalCt?C leaings Include thl riloS n theaCr‘' a hown of-bycounty clerk’s flee N: McGIlvery of TJin Falls - Ida who are leadlnx ln the Oil company were In Kemmerer lest Saturday creating Interest In a proposition to merge all local companies In the possll field Into having one bigholdings The new com- company f ® rgra n Iz® d wI11 have a capitalization of a million and a half ie "eated by the consolidation wj11 the oil company the Kemmerer-Consoiidate- d Oil company and another company or two of local people The object of the consolidation If effected will be to provide means for development In the Fossil field on a larger scale than Is now available It is said that the promoters of the consolidation have a big standard rig In handalready This would be brought to the Fossil field and development- - work carried on during the winter The new company if organized will be known as the Fossil Oil & Development company Incorporated ln the state of Wyoming The attempt to consolidate all of the Fossil companies seems likely to succeed Frank 'Tigner who recently went to Robinson 111 for a" visit' with hla relatives left Monday for Kemmerer and will superintend operations on the Green River Petroleum company's holdings In La Barge field again Operations will be resumed by the company Immediately The rig has been Inactive for several weeks the manufacture of an under-rlmm- pending Abner Davis president of the Pyramid Oil A Refining syndicate reports that the Pyramid company will eoon have another rig In the local fields A small rig with & thousand feet capacity has betn ordered ' and will be shipped immediately The rig will be used largely for validating purposes Pyr-feas- - RIght-of-Wa- little silver Watch the ' “Wants” : and when there’s a vacancy in-- ' the kind of a house you’ve alwaye hoped boarding to find an unmistakable clew to its whereabouts will be found in one of the “want ads” Use The want ad phone- Main 767 ' - : Herald-Republic- an - The following table prepared by J D Northrop of the United States geo- logical survey department of the interior shows the of petroleum marketed the quantity stocks of crude oil on hand at the end of each month and the consumption of petroleum In the United States as calculated from these statistics since thea beginning of 1916 The statistics for 1917 are based oh statements filed monthly with the United States geological survey by the and refining comprincipal pipe-lin- e panies except those In California that handle petroleum or receive It directly from the field but Include certain eltlmates such as that for oil consumed in the field for drilling for which exact statistics are not at hand Statistics of the petroleum industry In California are based on monthly statements issued by ' the Independent Oil Producers' agency at Los Angelen and by the Standard Oil company of ' fn a Idaho-Wyomi- ng California' at San Francisco conCrude petroleum marketed sumed and held In stock In the United States January 19ft to July 1917 inclusive ln barrels of forty-tw- o gallons Idaho-Wyoznl- ng ’ er BUYERS SCARCE t Speculators Await Effect of Excess Profits Bill Before Purchasing By Interactional News Service New York Oct There was an absence of buying power during the greater part of the week In the stock market with further- severe losses ln values although on Friday there wae evidence that Important interests -- were furnishing- support which brought about a temporary improvement- The closing session was weak and unset7-- — - - tled In the 1915 on 3 main' The continued liquidation-wadue to two causes The first most important and widespread of these causes was publication of the new Income and excess profits tax bill and the other additional railway traffic returns for August which showed that although E ‘tbu SAfsoi)' M ScULl QtMttfBtli vb dSAuteT HUSH HjMSELf1 jUiua J£55 5toS Ked ‘Dtt'blo HMi gross earnings had substantially' Inrecreased net results were greatly ' i i duced Trading was quite active Bear- operators were blamed for some of the violent breaks that took 'place and a ' big drop in Bethlehem Steel shapes also helped the downward movement Tax on Rail Esmlngsb In addition to the unsettling Influence of the distressing showing of the market for railrailway earnings road stocks was called upon to consider the 3 per cent tax on railroad freight earnings Included in the war revenue bllL The selling of these gtocks sent St Paul Baltimore & Ohio and New York Central to the lowest prices on this movement: a St Paul preferred also went-t- o new low record Canadian Psciflo touched the' lowest price In twenty-si- x months A - new feature of the dealings was railIncreased trading in way iseuee which after making an Improvement receded again These shares included stocks like Southern railway Missouri Pacific and New' Haven Transactions ln United States Steel common reached an exceedingly large volume at Intervals and after showing considerable weakness It rallied Bethlehem Steel B eold at a new low record there being a scramble to get out on official announcement that the syndicate that underwrote the new 8 per cent preferred stock had been obliged to take 30 per cent of the unsold portion Midvale also was weak on reports of new financing The copper group suffered Important losses Tobacco Stock Tumble Tobacco stocks also suffered with some of those concerned ln the selling about the operations' of the talking ' tax revenue' law as being air Incentive for reducing long lines and putting out blocks 'of short stock General Electric was unfavorably affected by rumors that ' the company would Issue $12000000 short term notes' 'Texas company showed a net loss of 15 points for the week The fall In the stock was based' to a great extent on a general assumption that the price - - ed - - - ‘- - ?A 60 m fixing committee now considering terms on which petroleum and Its products will be traded ln will fellow the precedents set ln copper and steel KIDNAPING OF BABE CHARGE TO BE HEARD TALC AND SOAPSTONE Springfield Mo Oct 7— The trial of Claude Plersol the alleged kidnaper of Baby Lloyd Keet begins here tomorrow' Intimations that tbe state is ready with a Mg surprise bad led Sheriff Ward McKay to swear ln twenty new life of the deputies to safeguard thea close watch will keep prisoner They on the Jail where Plersol is lodged Preparations fSr the trial were comanpleted today when Sheriff McKay nounced that a special venire of seventy-five had been summoned It Is besom trouble in selecting a Jury because of the great publicity Paul O'Day wbo was Instrumental In the capture of Plersol will prosecute - -- The United States Is by far the largest producer and consumer of tale in the world according to the United States " geological survey department of the Interior The softness mrsorp-tiv- e capacity difficult fusibility and solubility and electric resistance of talc make it one of the most generally useful of all minerals In the arte and industries Its principal military use Is to prevent sore feet among marchpure ground talc ing soldiersused Only for this purpose The should be demand for the “footease” grade of ground talc which Is now extensively used In the army may be fully supthe plied ln this country Althoughft has war has stimulated production not greatly Increased the price FAIR SEX SHOULD MAKE FINE SOLDIERS Bjr DECLARES PROFESSOR Br IstnuMimtl Kewa Smv1c Cambridge Mass Oct 7 — "Nine times out of ten woman from the standpoint of physical endurance should make as good a soldier as man” declared Dr' Dudley A Sar-gf- nt of Harvard today “Withstanding thirst cold hunger or physical privations of any sort a woman can outlast a man “Woman of necessity comes nearer the primitive type than man She Is biologically more of a savage more of a barbarian and ehe has therefore greater physical endurance She can undergo many strains a man cannot Found' for pound the average normal woman In' good health can endure more pain discomfort and'' r fatigue and can expend moremua-culaenergy than the average nor-m- alman of similar condition” ’ - MISS CUDAHY WILL BECOME WAR BRIDE IateraatloMl Nmra Rnvira Chicago Oct 7 —Two of Chicago’s oldest and ' wealthiest families will be Joined through the marriage tit Miss Alice Cudahy and Capt Leander J McCormick grandson of the founder of the International Harvester company The date of the wedding has pot been announced but It is said that It will come before the captain is called over seas ARRESTS OF WOMEN PICKETS PROTESTED Chicago Oct 7— The executive com mittee of the National Woman's party today telegraphed President 'Wilson the arrest of women protesting agsJnst White House "The for picketing the arrest of women for asking for political liberty must stop at once” was the substance of their message Mrs Sara Bard Field of California was chosen as a member of the national advisory counclL The committee meetings will end with a publie luncheon tomorrow -- - ’ iPjS&ibDMrr MLSfalTlAtid 5TLDi£D Lak- Ai M&DEo'TkAcRcb Lint “HmT! 3irK SCMtdUO - JBJK IT tax)Lo CvITAJail HE WoOLDtlft KDiD DoTb-ftSL- AtofeftJ it: THEtfeuTa-- ) fUAldUy MoT Ta ! ‘ v ?- '' - re ! - t A S-vf- Iw ce ' ' I V ( BiUmb rig la 1b imV St - ' r 1 X j j iSdSRECT lOlV oc X S ASHUR’S LAWYER WARTS A MONOPOLY IN THE TALK LINE! AdD DQtfT lALU OR C low-pric- INWALL STREET : AmRlGif'Pilltf V“ - mt wN and 1 IF 916-94- ' W - POLL Y AND (SDlLT BROTHERS BROKERS ‘ - MINERAL OUTPUT : d Estimated ' ng Rxebaagf Bldg BS - - Boston-Wyomi- b S O - H B COLE 163087779 21728995 162174312 21849705 140810595 18910174 89820966 11976127 142494206 19817034 220 83166800 V 4422280 51 19344868 30 2579315 ‘ 3819430 06 531214 t 14957097 23 2015974 1903121 03 267693 1759936 03 ‘284658 23907197 3187626 ' 37 889513 02 135884 397000 02 52933 1 46063940716181835$! 100001 6478 94422 986 29277 5$ 10000 a Marketed production b Estimated In part c Includes British Borneo 70 ‘ -r oS 8£ 5 3a O Dutch East' Indies cl8174S99 Rouipanla Indlft sr e a ' d82285?l Galicia-Formosa Japan Peru 2650645 Trinidad dl000000 995764 Germany Argentina 411000 Kgypt Canada 198123 f i 43143 Italy Other countries I d25000 Late' news from Wyoming oil fields j 'v Is 'as follows:' Black Bear Oil A Gas Co has brought ' Salt In a well on- aection’ Creek field The well was drilled by the Ohio Oil company and its coming The Black In was not unexpected concern with h'ead a Bear Is Casper The company has offices in that city divided into 61 61000000 capital shares which recently have been quot ed at 50 cents a share although not extensively traded In Yesterday the bid price In Denver was 55 and offer- -' The company Ings were made at 60 sand wells In has two other shallow the same section each good for' about dally The Ohio company fifty barrels is under contract to drill five other wells for the Black Bear by the first of the new year Petails are lacking of 2the new well Salt Creek reported in qn section holdings field on Casper telegrams repeat the report but give no additional Information At the Denver office of the companycon-It was stated yesterday while no reports were at hand there firmatory no reason to doubt the Casper was news that the well has been brought In E M Thomasson president of the 'Salt Creek Petroleum company who has just returned from Wyoming says: "The Salt Lake Creek petroleum well No 3 being drilled by the Ohio Oil company Is on the southeast quarter This well is about of section 300 feet north of the Monarch-Sa- lt Creek well which struck oil Thursday line and about 400 feet south In a directcomfrom the Salt Creek Petroleum pany's No 1 producing welL We have had so many inquiries about the stock in the last few days that 'we wish to make the statement that our company has wlthdfawn its stock from the market and no more treasury stock will be offered for sale at present We expect our No 3 well which has reached a depth of 1400 feet to come In within a few days Our No I well on the southeast quarter of section 29 is down 2030 feet and drilling will be resumed within a few days We have financed and contracted for a total of eight wells nix in the Salt Creek field and two in the Rig Muddy” “That every state in the union is interested in the oil fields around Casa dispatch received from per” reads Casper last night “was shown today when it was announced that subscriptions to Casper-Embstock a company headed by Col Samuel Newhouee of Salt Lake had been received from every state and also from the Island possessions and that the stock was well oversubscribed Anticipating this several broker secured blocks of stock to hold foi their clients Just as soon as the auditors for the company check up the books the stock is to be listed on the Salt Lake exchange” O a300767158 b72801110 69817402 ' g' Off pES i om 3o : s Districts 2- to Country' - BARRELS i — c r ' 400639407 Prepared under supervision of J DNorthrop of the United' States Geological Survey department of the Interior Total prod from 1857 to 1916 Production in 1916 ' ' j Inclusive IN WYOMING i 11 IN i ! May Juna July Aug Sept Oct Nov Dec :26015713 25539611 25879700 25200560 25261174 20747529 25301138 25858043 o 3 21115549 21120277 25755303 24304935 35413753 25503532 24229287 2S32S130 137965265 189572538 139340901 118560363 119157324 183133353 189233766 136162202 132673339 28750037 23215247 ltl005C21 23488809 29692641 177867950 174028351 Tot 12 mos 300707158 312438599 Tot 7 mos 172397709 169013335 174028351 189283766 1917 Jan 37431000 28795000 172664000 rf24399000 24060000 172104000 28448000 29322000 171230000 Mch Apr 37015000 27933000 170912000 May 28202000 29791000 159323000 June 27917000 29182000 168057009 July 29344000 $0704000 166607000 Feb Tot 7 mos 193356900 300770000 166607000 This table shows an 'increase of 12 per cent In the quantity of petroleum marketed in the first seven months of 1917 compared with 1916 and of nearly 19 per cent tn the quantity consumed In the same period Stocks of crude oil held by pipe-lin- e companies marketing agencies and refiners who receive all or part of their oil direct from wells Increased 3333974 barrels during the first seven months of 1916 but decreased 7421000 barrels in the corresponding period in 1917 The average draft on stocks In July 1917 was dally 47000 barrels and the average for the first seven months of the year was 38000 MARTIAL LAW IN SPAIN IS LIFTED Madrid Oct 7—Discontinuance of martial law throughout Spain was announced in a decree issued today Paris Oct 7—Because their demand for an Increase In pay had been refused the employes of tbe automobile omnibus ' and tramway lines voted a twenty-four-hostrike for today - ur By CLIFF SPi: t RET Ii 1 |