Show Sunday Morning SHORTAGE Wall great In all prices Arc Ores More Taking the is these Is money Preceding and signs street Page) loans the yet and high action the of the reserve board In Increasing In and rates rediscount attempting tA of the speculation curb furious wsjve has the that country been sweeping the of to have caught most appears public Apparently trading unawares is in the the well purpose way to has speculation been checked — and loans reduced being materially are still it is less but more or open to — in the board question whether of a" tidal loose liquidation wave its in has not sought a which remedy Is the almost as as dangerous way It Hayden disease to seeks cure says Co of and Stone & Boston New York situation with the critical Coinciding fulfillment letting the weakness has carried Is market money In rates renewed the which exchange all the European foreign on levels' A low great new deal has about been heard for months the necessity of establishing foreign In credits thia to stabilize country The figures run mentioned countries to exchange the info up billions but it and has been done the of revelation our facilities will operate a monitors of end in have Im-mediate view been-considerably more rates this on adverse quarters regarded favorable as offering a for tho of reconstruction of development home Industries nd the foreign markets Accordingly It Is not that of surprising leading our some the financiers have recently expressed logical view that the and surest most way in which to raise the value of the currencies of other nations Is to purchase ?f sell their and products more of less such solution them ours Any water in are There Europe Influential many In than rates opportunity only solution if this as could be It revision those of downward a credits on the influx of the has doing large a a the as scale the following bond board speculative chiefly confined have share and evidence is no actual administration obviously consumption December for was belated and that any be at this time would attitude Administration of this six months year and efforts fatal the the January first to attempt prevent and structure board reserve the necessity any the In readjustment members precipitated commercial federal the of they realized year the appreciate must now of that application fact any apparent abandoned he delayed this or must process if (even early of Wo entirely nonreadjusted a readjustment) must endeavor now with a we can phenomenal and situation our th® do to best this should make resources The problems comparatively easy task the administration confronting formidable much are more however to to adjust inflation continued prevent to assure disturbances more ana of production distribution in equilibrium to attractive create an and Imports exports In Trade Increase at future the Immediate Trend for logical based be least should more attempt must It living labor to costs orderly upon rather the not agreement an of confusion docs This months consumption that mean actualities to as costly tho than past eleven and price should but will levels increase greater from profits resulting large situation entire In trade The volume erratic remain highly will probably in results constructive but with and tho bond markets end In shave the Imply It higher money should intensify speculative and factors realization tho be with must will be anything the path that investment It entirely silver In strength what to Is b must London shortage Even tn enormous in that center after the settlements the and two weeks ago and Shanghai silver and of both large shipments and also this a gold to china week In minimum and prices Shanghai Hongkong at business of high at new demands are levels record Currency Germany and Austria have rance shortly but arc expected developed tho this maintain present may high level The “Bache The loans of house ’ the world Review Monday on by not and phenomenal said: the New Tork clearing 1514 before August of the over war swept At $2000000600 around banks hurricane market release of 25 cent time per a reserve the actual and required reserve ample surplus over requirements n showed the In 1916 loans of clearing $3000-000000 risen to had banks over house the about deposits were same a surplus and there was still over had but requirements reserve the law to 13 by been reduced per 25 of cent cent Instead per rom of that the loans these banks time of that was reserve increased week steadily less or more had and $ to deposits around surplus reserve not large in proportion Present Condition Meantime the reserve of the bank declined from system had In cent per and cent from the 56 each week percentage last with 300000000 the and $1000000000 risen summer October showed until control results the the of in quick because are cash and market in else tho world can money be so quickly obtained The danger is’ of seriously affecting tho whole business through structure the practice of a too and sudden severe delicate of the a part surgery upon financial organization Wall funds street is nowhere a Outstanding perhaps ono dramatic history of the says: the most in episodes modern market the was exceeding brevity of and down and movement the sifter what strongest recovery’ the cannot of was course havoc arbitrary abnormal- in advance ever It While that it is lines the that and due considered unhealthy an appreciation manipulation and many to in in of four that comprehension did not structure come Hughes Dler & being not the taken by a on bulls 3 the to federal around 50 per statement reduction November in 7th this it had A few reached 4680 per cent days sunk' it is said to later it had the near cent line of 40 per danger Idea of gives the This some money and of the for the situation causes drastic action place taken which has in the few market In the last money Last the federal days July reserve issued bank a general warning regarding As speculation we pointeout at that time speculation was not confined veal $405 if the Sheep--llecelpts wethers feeder $1101250 ewes $506 our action of department New York “Decline here from voluntarily letter of Clows Henry says: dim earning power to and to high costs of production naturally taxation burdensome the investment immediate depresses of affected shares which are valuation these by conditions Taken altogether In the tiie factors case once more suggest nnd the need for caution careful protection the necessity of net of emphasize volume the of 1425 Receipts pigs $137501415 Cattle Receipts — beef steers week stock Nov 4000 placing American to of heavy weight active 73c she-stock best and fully cutters steady to 25c bulls 'and lower canners 15c curtail of Uro in days few foreign currency and marks anucii'u securities 1 of START WORK certain of independence and a growing in European business men for convincingly which argues more amount of any future than could their special pleading” of Commenting ur on the developments review’ the says the past two weeks part: financial arrangements into entered whatever American t be credits may will forthcoming be business offered on a the United opinion in be is should not that solvency States credit of continuation by a restored under war pressure executed arrangements With tho various by governments of a thing the past the such as war necessity be best basis The of offered governments by with regard conditions little economic little desired by Europen to governments to prevailing should borrowers and business men In as It is that they thought the United States all too sharply upon'eon-dltions react would and might in this serve country Inflation higher to promote aggravate and Industrial unrest prices stimulate the than delay rather promote so the greatly world so which by bankers stability needs” The of statement exchange the that Is a just that much selling abroad In a unfavorable barrier is States certainly United exporting country whoso is more favorable by for Mav Steady Peaches springs MONEV per active short rates 530’6 per cent others veals bills silver cent — 4J Money ON tho true rate to the Every of exchange is ours better position This our own than than is universal as almost handicap an Ls States United far the concerned as In tho those countries far for even In is the against cast where exchange the States United European disparity is generally greater that It thus becomes more apparent machinery new has now 74d Discount property is is the Gallows Up rame for YORK Company Greeley The Ing in property Lehf-Tintlo yelopment has formation from can be sunk are being of electrical it Eureka a and the hand by business heaviest time W J- the of being Henry Prows mount John Provo men owners of R Davis from stock at who the Tintic-Davls tho of the tho the of old camp purchasing tlie future the in & Ctiincse Chile Chile company large Tokio 64 soon may depend United world entirely upon almost Initiative and ability and the excellence the D&RG her her of of Dis gen Erie cv er l I Us t'S corporation Steel the new United set which by may well be followed all and manufacturing Industrial corporations enterprises but especially by those which considerable market any in of their foreign part product countries ba There substantial can no economic recovery in Europe nnd there lull In the prosperity at home may be a unless this country accepts Its responsibility making creditor by a nation as large investments and Is corporate problem financial a leading for that much affected Institutions Philadelphia There in the has past as of is of plenty months of foreign armistice Swedish governments and loans to the and Sao Paulo Janeiro and to various Canadian Copenhagen 'Nothing and municipalities provinces of commercial a secured tho exception with to of credit $50000000 export the to meet has been done Belgium cities c7 Rio acquirements 88 4s the European countries need of most urgent which are in The financial excuse is the assistance but the machinery lack of necessary the has shown steel corporation the waiting without be taken loans may way to be further machinery for any individual or corporations provided ew the resources havo enterprises them permit or warrant would Which securities to the In foreign to invest has corporation this one extent which but If they just would follow its done ability their to the extent of example of and the discussion means and ways bo further of might machinery to the detriment without more needs of Europe or the interests pressing of this country prolonged tf 6s St 5s 6s 94 90 os 7974 lee Tel 98 Es col 6s tr 4 9" 9150 s 2d 44’ 92 3d 4!si 94 4th 4s 60 2658 92 3S 99 2S 99 for payment payment the to the of trade Haro'U 75 100 7t 5 N X 14’4 7 61 23 26 15 17 46'4 I 4G in 3’viS'ip 3 11’5 Daly Butte 65 fa 33 Kovnla Crck 81 U Cop Cons 52 5’4 25 Anex I 1 of Ek Snr’i'c-n Rank Notbmel Bank National Bank TMrlfi Co 2 9V£ 20 II by to f'ednn S' Rk crymcr Biekeyc t nnmhrrland rnreka soinr 8 Oil Pa 1130 160 89 n '6 Pine It’d Pipe Mid Ref N Tran N Y Trnn 111 Il '165 1’9 WD 570 1110 I’SO 1690 1270 'nso Pipe Pipe 97 3H) IM nfd fn Z C Bank Bonk to A of 15 o IM? o 1 Plied 1710 280 4C0 770 ItanUof 95 98 Ind Kans 760 Kv Neb 420 ire Home 16T N o o Iks ’9 37 7on M May Pfim Alfa 'm Club Ry 12700 9700 14000 4‘noo 32700 non inn non non s'limpt"”- f'tnh T’tah Utah Tow Vnlly Hotel State State Railroad violent period until Card fol Capitol TV1 Bldg ARM LOAN SHOW o 10’ I 1515 lf"01118 on 1 78 80 1231125 I1:'O1430 Tank Vncnnm 14401 Washington 40 45 IDE Nev Nov mill cyanide Omco at company here combustion the BVIIXS The ninety-ton Mines miles destroyed Olympic twenty-five completely night with a was- last The of MILL 22— fire wa due to loss of $70-OoO spontaneous 10000 to number Here 9500 9tno IM 00 9000 9700 to $1271 — not the of belated sources accomplished more vulnerable liquidation well as was manifested at from all perceptibly of loans curb on' reckless dealings it is well-informed the fixed of opinion financial interests that moneywill relatively firm to remain the first As of further a the year the crisis ' in exchange on London Paris and other important centers In a survey of general 'business mercantile agencies reported a greater demand tor fabricated steel and In at prices other Iron higher leading of lines industry notably however conditions textiles and ) pressure was noted leathers and sljg) abatement t reduction f per British British hefl valuq pence if the exchange cents $140 coinage pence drop to "melting point” or of United States would in require London 400 cents price of 78 to price if British the pound 7-16 pence $172 for American were exchange at the of 486J of a meant I cents Metal steel York heavy Inquiry for ewis mills “disappearing to silver 78 7-16 exchange London A would have standard silver normal-prewar the pound - Review of of high prices Nov and 22 there — is first half the Demand: for considerable 1920 of but reluctant to themselves commit though the labor situation to improve Prices have not but changed the is in firmer market keeping with higher costs of basic Export is business in abeyance pending credit adjustments is Iron production not increasing in to proportion and consumption prices have $2 advanced $1 and for nearly all standard grades to urnaces trr satisfy by customers parcelling out limited supplies Eastern Pennsylvania is so far sold that northern consumers talcing are southern iron and paying freight is Coke easier at premiums the but the coal moment situation looks are continues materials serious- Copper have is i dull and easy offering freely and been declined nas the done The ' - partial passing of the monetary attention devoted more was to older and international domestic Rejection of the economic problems treaty another caused setback peace With until $140 point' I week of was coins about -o Stocks made from their the preceding 22-— to Corn Review this sterling rate Close: coinage York 410 The 2 reserve centers an earnest disposition to injunction carry out the of the federal board against reserve a continuance of extravagant trading As result a business diminished with corresponding reduction BANKS INCREASE $7693249 as there 1 stock this but out-of-town 22 Nov’ of Earnings —banks the federal loan farm during six the ending months November 1 tn 8858033 according figures were by today the loan farm made public This board than was a sraln of mo-e the half JS'nOOb previous over year and of earnings increase approximately an of $750000 profits the over the six’ for banks corresponding months a year ago 1918 the banks Since November refunded have $57259 to the eovern-raort holding the reducing rTf'vrnment’s of York Nov recoveries reactions a Watlilncfton Ohio No silver would equal 76 in ounce London unchanged — — January $123J July New be States silver go of 1919’” silver This issues had fallen to lower records for the current movement These further losses were commonly ir650 vnonoo jnontV'O 77n a0 G50000 1 Oats May 7 fraction small dimes and half silver one ounce profitable to hoard idr carry price b o to would not melt United the — attributed rv to : New "riOM (city) ’n No 22 inancial further 2250 T’Ofa 77rAV IIT’OV) $15z $143 1 o- 2-7nno 6000000 t: ' white yellow mixed’ 3 and present subsidiary It (a takes about $138 $138) in quarters? over $75-723400 lour 1918 23 Of pound around 22— — is-’no and “seigniorage" governments profit which coinage through or difference between the April It Nov $1321: $1253 O isnoa f cn T vault Corn No —$147: —No CITY —December the is law''be-tween $24561000 in Nov 71J721c KANSAS VGW rnfM Co Co ’ fire 32 offices assay $11 GRAIN 22 Nov 2 white 2 yellow 3 mixed No No $152 $152 white I7H inch L-iTO CYAN by on rv) vi jo Pangutteh Jn Sugar (’25 I I165 Mex from OMAHA No isno 20no Oikl jonwo Citv R-l-’-nm Garf"ld C Rankin" In Rye $1150142 Bran $3900 — $137301382 Oats $1480152 6S207Oc $4900495 $143 government so-called Barley SMon lOMWO IDnk decrease vault cash In MINNEAPOLIS Corn for for days carry the coins and the value of metal coins face value The value of the is higher nearly always much higher quite always except in emergencies it in the old days Therefore even dollars to silver did not pay melt standard of until the price silver wentf well above $133 This never happened over period extended any In the old days a silver price around $130 to $132 was generally maintained A price of sort of $12929 a guaranteed could be always received minimum on the presentation at mints or assay the Therefore open market Was little sufficiently’ a higher higher so that and foreign could our mints own afford to and make a little seigniorage yet not high enough to warrant melting nor to warrant withdrawal of mints from the silver market silver dollars Of old trade and standard it took $133 to $1357to silver and one carry ounce none these coins has 190-5 been minted since Most of them minted before 1905 xvere remelted the under Pittman c- 3X1 200 D 96 93 1161 1 Minn 22' 9A1000 i f'ines $802836400 YORK 2 coinage to which the it turned of $133 when -of companies NEW 3Mcn ’ decrease 22 Spot Nov — Wheat — 2 quiet No red $235J track New York billed export Corn — Spot steady No 2 and No 2 yellow $1661 mixed f $1641 New York Oats — Spot 1 No 83c steady: white Other articles I Oil enn 490 1 Galena Ohio 'Prairie JKO i’icnial do 11X70 95 290 '555 t’bAsrbrnngh f'on 'BUIAk iPrairlc 1523 470 TOO oeo 6 dollars $1Won 400000 121000 IToro 83- and trust companies Citv nnd United States: cash Banks Trust bank eliminating amounts depositaries and reserve New Tork Deposits 744500 $162100 $18549000 $857852300 profitable was offices trust reserve decrease $73106000 from banks other BONDS’ Amu Atlantic B company BMlAskJ ' Anglo I’tsh Smont $856200 federal with Deposits York New Quo 0009070(4W 20 Bank Temple Smith E 2' Murray Tta''-T'1s1'o K Harold Co Proro Winona STOCKS the Sugar Nation"'’ Sugar urnished Kt Nnnl’l Mfnfn OH & Mnio-Cnbnnn St 27 decrease of loacon 77000 Bank State T- Co and in $16345800 Gold decrease $8329400 Currency’ and bank notes demand rv J Ins Life decrease decrease No ''I nfd banks In Loans -value” face deducted banks “coin old the Greater not New York clearing house statement: discounts etc $794757000 companies included un-iil that be x Co decrease $9851570 Cutler Brigham Self banks Aggregate reserve $593955000 Excess reserve decrease $37267480 state of sometimes coins make $192000 of which never silver substantially’ deposits demand $4185680000 817340000 deposits decrease Time $270561000 $2891000 decrease Circulation $36189000 Summary is States United $12929 silver went to in the old that even of “Seigniorage" Net deposits payment rate the into $12929 dollars to of silver $135 $133 of 4 coins difference The small operating represented' cents per ounce of the mints costs government increase vaults States and now melt price and to federal decrease United $111441000 at silver reason it took about one ounce of of banks decrease reserve and office' the as United any to No fallaciously carried ever States coinage the unchanged 2900’0 Atn-rar to $681000 banks the fair Citv Utah Cedar Earnihieton members $571102000 in to silver any’ again not is the $5195672000 $101355000 banks 1873 to be ounce about state own trust companies $11391000 $535 Ouv in Reseri-e depositaries state and trust companies $11462000 lax 3M vandot in are one It and 'Reserve are: Hciivr L-i’ton W 1' 8! says securities f Kanins Knight 2 Wolverine Coins paid etc federal in prior 1 United in business and are factories others and produce sugar C John to of Condition $12092000 companies small Some in December 1020 Inland Crvtal Tntcrmoimta’n I own banks Reserve member i Metal Our to $l-’9 reserve fojloivs: vaults $3123000 final the 7' 44 in to but $64625000 reserve their bills pay all benefit lines Most of the factories In Co Bonericlul Life Co BnriC4 B: KnTrin of Bank American ork pt-t i6ir pfd - ---w Parity referred $99881730668 deposits Total deposits $12534300 deposits Total Stock ’rrt Victoria 6! - different 6‘- s 4m 6' Mayflower Michigan 6) 1124’4 j Mach do 1HIT Keweenaw 2'4 &U Co will will continue Quotations 21 S1o tV 84 Indians Lake Maos IU 47 pfd 2 22 A 1- j statement close the at discounts Cash December $7000000 to investment banker The general condition of in Salt to Lake appears growth and strength J’-nik tHlTuo’’imua 7VlTrtnty Ernnklln lo Loans decrease t 5 Utah ISnlft 66 I I ISo 15 in nearly state the and 2 11'So'Jalic 11 Hancock 35 GO Matv’e Boston Cop made the Jocal 87 1’J be merchants will 17 50 shannon St j I Quincy S 21’1 33 OJIbway 395 I 16' Ooeroln 65 385 34 S Dominion 40 3 l i brought assay’ mint or therefor received fine $12929 ounce per 21 statement Actual Jr 4 20’4 beets will January 61 3 Arcadia Cornelia No Butte I 6 1 'al Ma 57 lit 35 60 Mohawk 34 Carson Centennial O Rance Daly Wevt company hldjAsk 59 mines Arlx & Heels Smoot It their running close down will ' Allnuex Ariz Cotn‘1 Ba'aklava I reason ISSUES of distribution farmers who Tho still STOCKS Ahmeek E The in fairly active continues part farmers have received The The —federal the York New gross due Utah 22 of 44699 j 30 of Nov 321100 Business Victory Algomah D another that declared LOCAL 98’ 21 Irt York Newcondition of accent 8: 6s 11AOI1 41- 4 States shows: Total gold $63292662891 reserve Total reserve $68319125741 earning assets Total $95406149190 deductions other and Uncollected items deposit $240891from gross the conditions prevailing was Associated the California 88 cent per Raisin company controlled raisin coast of the Pacific acreage its deliveries and behind on was that the did not charge Chaddock had Raisin Associated company its while held deliveries back had disposed the packers Independent Coin-sei entire of their supply virtually for the Associated company to due principally delays were shortage car of McNeil secretary McGIasson Oscar B wholesalers & Chicago Higgins that the charged Associated company to had forced wholesalers Chicago whereby prices” contracts "opening fall deliveries the price for was left commenced until the Associated company wholesalers deliveries claimed He had thus been compelled to sub price fixing mit to arbitrary to made Representations were that charged wholesalers McGIasson if they to these blank declined accept able not be price contracts they would the to raisins season obtain throughout will be The hearings resumed Monday’ 3s 5s BhLAsk J de of 1921 Pae icjory v 10010 9430 3t 71 1 results 2a Hill Museum of and investment necessity loans the by wiich the may machinery far practical but as be as made nothing worth concerned are 3t is has been accomplished while of the since the signing that true tn this been floated there have securities amounting foreign country of the recent to exclusive $270000000 Issue but they have been loans British hnd Swiss to the Chinese Canadian of 994 ttrnbbe! by the 17 gouih—Tctnple B r C says regarding SIH Sl4 v 4s 1st 2d Liberty Liberty Liberty iiucrtr Liberty 10s106 4a Adventure responsibility the j BONDS 100 i It discussion 8 29 25 banking the S i v could I Rcscrve’Bank November 4Us BOSTON governmental country lhe Commercial been six it SS' : Y Total of is as way concerns the industrial the of directly the foreign securities but the in 4s 5'is Western Western ICO lt 1V4 4s ter Wabash ( Liberty Liberty ret S sou 4s 1’owcr Car Chcm U 6!IW 79?i( Wllaon 2a Keg is-Ian example an 4 Ib US-Pnn has 5s Crup S US the Jt t’otip ling 4s conv Wabash 93 U llonds of Vt M 4s ref Steel Ill Utah 40 : deb Cent Cent (Il 41 J Elec T Steel S B 4s 6s I 43 CT Gen C Kngdm ItR of 4s 6s 60 57U 102U 69V 4s 63’4111 4s Hen Erie-Pa term cv -a CO 6s Jly con son Co Texas conv 6a Vex 1st 5s 1001 Tac 1J 1’ 4s 85 1st IU 35 P 4s conv products Erie 6s con I’ac 34 Erie merchants pre-eminent In purchasing $10000000 British loan $250000000 99 6a con Sec Ga Inc 1’nc I’ac brio than any fortuitous upon developments such as those which have brought about her present position of trade will The tendency be to deeply go back to the channels so the before worn in the days war To hold portion of our even a notable gains will require effort conscientious and continually service improved Buys Gs 3s conv ret 1AK: tho 7874'80 4s It J 75 4’4s ex Gas conv 5s Prod Kou Sou 67 adj I’ac I’ac GfiiilSon 86 33 A B opera- IWAIllV tw eucj there Drilling Means o bank declared 41 4s 1st StLSW 5s 6s con Ind So Kt 94 85’4 5s Stl?7V City 5s ' 57 93’‘s-u St is col Pl StLAS ’j 44 Rubles 5s Ext 5’3 StLtJ- 66 91 4lss stlkkl’ - 8274 4’is 5s :’StlAK 109 conv 10 4’As gen S employed be a — of purposely A: 1 Ktiss 97 City A- It'p Knxs 7S& 4 6 iKubbcr cs 3 Cs the 71 "Vi SS’i 83S4 con Co B deb Sou Pnna Heading 82 4s gen 937 53’4 Paris Colo Con Corn Gas o for that- fact 3s Penna Pcuna Cs C&I Colo Pac S3 4s CAN77’ Tel 94 6a 93 6s 4s ref div s gen SI' ref L i’ac S3 4s C&N'v the 97’s 5s cv 6s PI Pac S 74 III deb begin v N from to Chaddock 6314 TexAMxlst !U"4iO us con joint 7V G 4s j north I O today SO r Etd conv 4s NO Nor Co 56 4’is 4s will AhAilf adoui 1 What 88 cuu cv Hill uecnnnmhAr emo er V) will to -which testimony according of Chaddock president Chaddock independent raisin packers here trade federal commission the L & Pac as Nor miten igi’ii xnr OS’aiOItfcN 4s Con 1926 Ophir the innc’ lions - before 86 5s deb 32 uni 1931 1937 where of IOOI4 tl O O NYC NYC 10014 1923 6s 6s Col of position the markets 7s Canada Sou 5s Canadian Canadian 3s CRIA-P Tintic-Davls 1922 7 Steel E 91 4s gen Puw 77iMnt SSts NYC 86 U C ref-imp CMAStP North 644Mo 3's 5s 1921 & ref ac i'ae : the mine Montana -the due In eastern markets product resulting demand Increased prohibition 61’4 1923 122S 5s of scarcity and to 683 S3U — 4s ref xnv 1 Old The of - the are Vi 6s raisins of prices 3s Vac Mo 65 SW CMAStP CMANtP down 851710 59 O 5s 7s 'Midvale 71’4 5k Steel buildings property the to moved ret Gas C the of PL O CBAQ CBVQ accommodation of couple torn been have and the lumber Tintic section The shaft on the Daisy Mcrcur a which these for stmpd 6s yesterday buildings employes Material secured from company Sea that for Lib Myers iLorillard lOOVULortllard by rZ not can was marketable now has company The Diamond and silver of handled at a profit Lead of series the first a completed in at the values Sioux the old property predominated holes Walker on of side the the time the mine heavy which such a embraces the south was of rights and the underground shipper canyon of drillthe The nf Ha uurnose fliA nl'lA town thnf Then’Arkinri is to out a theory advanced ing prove i" the mine are again receiving l it 0 m va spme at— f c avnru die un lhua rlhi’olnn-! tpnfinn artrl developside imnnrtnnf the important existed south on formation Is in by also behalf that being done of — encountered work iz as meat canyon Hill of the the Onhir Rumor is afloatIf that from one of the deener comnany this fthWiiVA to —ititSilxZCA or sr the Iron vnhmntlVA w IbVfiie Tva lvnr nnrrht ought tnuix jeveis Blossom TnlTHUV activity considerable can is the case in the stimulate interest Sioux At this be expected from company for has inactive and been the some time management present however the little in stock but traded to not make a statemient as does care of their is status findings Knight’s big drain to exact Jesse tunnel the in are showing in leases of 4000 Dry canyon a distance feet and o’er The now activity a month than a greater local rank Birch manager according to is tonngae Considerable more ago the for the properties than this Knight month shipped next to be is in satisfactory w’ork is along a moving Mining Company The Ophir Hill After passing through still dump to ascei-tain manner sampling the old of remillinj advisability soft the shaft the rather ground some of hioh shipment is The average the them which being sunk on property 00 tons to about grade ore amounts of the Tintic Drain Tunnel is now in week per and be harder formation work can pushed along much more rapidly The in of this flow water encountered shaft has and few not increased a minutes’ work each day’ with the pump is sufficient to keep the workings is flow too the The near to be considered surface permanent In and the long run it should be more of an asset than a liability to the com 1 — $12929 of silver at pany so’called 'par” Tunnel The shaft the Tintic The Drain on popular a has been fine per ounce ground is now down ‘about 175 feet then before 1873 and since even is The machinery’ thoroughly modern inancial the Review says and to bo for ought good almost any unlimited Was “free and depth by the officials of decided When oftheresilver upon of ratio fixed the at the coinage company’ bullion Prevailing 22 Nov Washington S4 S&3!109 4s 3is January be O 9Uil 3j 97 on s! 5a Steel R‘30103HJS&MS deb d ownc ye LilV of these properties Owners cern extensive about work contemplate mined 16 Sou 101'Lack Conditions Testifies VSi SOMi 6s Ger Steel Packer Raisin ’ onv 84 4a U T 50' 5s 4s t’nnadinn iVn Vn property gallows the O Ijick Ca Canadian Boyd Nels at 5a101741 4s O U Co Tr 1‘aper 2l 4i 100’MK 1921 Gs rench VUIIVA LAAOil fallacy Independent ref Thee opened pVVPAV were - 94 T3?4 Marine Jan I 7s Blossom and Silver DEMAND CAUSING com-nanv 5s Bap 6 gen adj & & BCal present camp Tintic North that says has frame and been erected are now being put up buildings among Jack was 7s Beth Beth Beth hands and n Tub Tob 1921 1922 A- B was mining and in was near BB Nichols the Heal Curtis S 1920 7s & B well-known 7s Salt Eureka Int su 64 IS proposi mout 781MK&T the says K Sit Jnt 82’4 Int Tob Tab Atch far Reporter of 4s 4S I Colorado While thA several the road silver bearing ore building gold of - LIST Steel Ind 20 section as property which The Greeley formerly controlled by Theodore and Is associates now In the some A Col col AUU preparations installation made for machinery 6s Ginn Armour Armour to about down db Tel Tl Tel Anglo by dc-in- Tintic North la the controlled according the shaft The of commenced campaign cv Am Am Am Am Am Am own vicinity being people Ala-ka Am Am company the and Trovo as M’ning Idama BOND 55 4s While veins dividend-1 made t Salt tho in Harold The Ct on well-kno))'n interested by Ex of of number are any I the of Taylor resident of this new H manager a NEW urnished Tintic-Davis shaft former a feet -t t COEE YORK a i this the un-watered 70-foot George whe 50 about people ilx new J ' PROHIBITION Installed be that width ago Butter — Iron and to Lion road has It q KPQ ann machinery to the road new Tho -which entire Tunnel Beck the the when finJshed trfo of the their part is there always pretty ore thoroughly a that chance been left somethinc has it ’will be found and that undisturbed that the ore by leasers which or years -610 three-month to of depth another a is Lake is Sioux Sioux rket 22 The Nov — comparatively coffee futures was for a shjiwed genera By and quiet todav and in rallies Cantos steadier tone on After the week-end for over covering three to unchanged opening to reacted from higher March liqui scattering further 60c' tinder 15 promoted Pjobably datlon which was of exchange the uncertainty by closing again price firmed up the it but 70cPwith list closmR the senerar 15 10 points of to advance at a net 1M-C 1525c January December uuly loAc 1570c lu7oc May March 1565c September 4s Santos Spot coffee — Dull nominal 15$ to 152 Rio 7s 26Jc LOANS Bar per and 22 Nov 22 Nov carried for deposit which of eKterday Hnl wag L — incidents of : remembered ore payers northern unchanged in be its claim same Potatoes— — cars: is £2T 11 1 In the new link completed was A already ’possible to bring new of opened oi being thejnow working's which are opened tnefnow bing the forto compresbuildings house New direction of the and nav e shop blacksmith sor men and the also finished are been owners claim the Phoebe S to arrive for the looking machinery uni rxin — will 1 I nave who development tho lease - it A Special 22 Nov chain i block first the XV ! x-X Ophir i J ounce russets eggs J LONDON and 46 CITY KANSAS and poultry YORK 4 and a the under This bulk 285 0300: same $3 bulk early Ohios 345 sacked Nebraska NEW AND 22 Nov av Vv 99 f'N y Huish mer ordinary J C ground in-eluded sacked western 3498 3073 3900 Raisins 6767 9 older the M 1XA leasers fc to commenced receipts 60 CHICAGO arrivals — Evaporated active Apricots steady — Higher firsts cases a 1— A AAAnci opened Dtnn1 and at' 061 cases mark firsts packed storage 5960f higher Poultry — Alive 34 20 turkeys fowls 13019J 68068 22 I’runcs Vi — Higher Butter 2— Efegs 5771 firsts KU1T Nov’ SO0S1: extras — been Haa 77 Nov 898 firm: middling Eggs — acq-uired JS Herald bi’ property was associates Knight and V 30$ 84 to July 500 2 firsts creamery closed ormation ' the Since Jesse stock packing 63072 No — 731074 extras gathered extra Steady whites Testing irm 22— rButter than firsts fresh 300 31S7 Nov CHICAGO 22 Nov Mercantile — 5j Sterling $403 demand cables 40 cables 960c rancs 958 Guilders 373: cables demand 37J Lire cables 1212 1210 demand cables 235 Marks 233 demand I "Whatever rate down COTTON YORK firm and self-reliance as spot NEW paper GROUND GREELEY of feeling be Cotton There States investors" Trade oreign tendency of obvious loans 3324 firm rather elementary may March and bulk lower common 75c YORK NEW apples Bureau heavy 01415 packing sows smooth $1390014 packing sows rough $1375 pigs 0390 $1301450 Cattle Receipts 1500 Compared — with Good and choice bred week ago: steers nominally steady o titers mostly to 50c and In-between she-stock 22 Nov Cotton 61 at a net advance — of points Cotton futures closed December January 3623 Receipts — Hogs — 25o 15c to higher $1425 $139001415 weight $1401425: medium light $141001425 $14 weight Top States to buy German countries allied tho expected to been have goods was foreign and Goods to “American lew fortnightly ret the Markets” conditions trade foreign on Trust the company of New Guaranty the dictated by most 13 and York It considerations business of "an indication the review is” save In States — (United to to to 50c NEW firm Markets) airly securities accommodation past the to be foreign runPAVU Tho Market to 25c 22 $125 25c for 1 record kw levels reached th® pr°f‘ that be expected may although will be slow of recovery css to time time from movements upward the Essentially surprising will not be depends currencies upon of these value atwA $125001360 900 25c 75c lower calves 50c higher feeders stockers steady weak stock calves 50c lower 150 for Market Sheep— Receipts All fat classes active week: and 25c higher 25c feeders higher closing slow breeders steady butcher lower necessarily sterling Both havo francs it and $9010 Nov CITY 22— (United of Markets) — Hogs— 15000 Bulk of Market steady heavies $139001425 $13750 lights $1385 01425 mediums sales to Hole Drill Diamond irst eet' firsts 079 same 72 76 Cheese Steady unchanged — Alive Poultry chickens 210 steady — 24 20 turkeys fowls 1S3O roosters Dressed steady and unchanged 38040 best lower bologna bulls 25c veal steady others lower feeders calves $150 to best $175 lower 25c 50c lower other lower westerns 25c to 50c lower 7000 Compared Sheep — Receipts Slow at with a week ago: lambs 25c to 50c and lower sheep yearlings to steady strong feeding lambs 25c higher mostly the country the banking movement the to to will adhered of trading scope Interesting fe ature limit the least the “Not the situation during' been issued by disposition a of if which Ume the overloading commodities and to reference lands upon Indicate some (or commitments warnings The come authorities banking has lambs Bureau continued with funds grades grades fat KANSAS States of overbearing ar this In weekly his nor return do to that to all 750: 50c steers inish in Thousand our delivered cream higher make same Compared Steady Choice 75c lower $175 lower YORK irm packing 34 35 Is 71 current $1365 heavy light triplets Tunnel Drain Tintic 1-3 -75 29 73 extra $136001415 $137001425 prime lambs Choice $1425 top 67 5S (storage) churning la creamery $13700 Bulk Receipts 4000 with a week ago $10011 $650h higher heavy 50c to OPHIR CAMP IN 8®$ cartons tubsi Lake NEW Receipts — HILL LION OR 65 In butter creamery 45 Butterfat ROAD 68’i America Salt -Hogs S3 PART OLD WORKS) O lots Case Swi brick Cream 750 22— Cattle— entire and country other lands to content and conditions customs else so quickly or they country whence not by made of calves 4089 prints firsts Block $131350 fair feeder $70 07 choice steers 8 fair choice cows and heifers $60750 cutters to heifers good and $506 cows choice feeder $304 $405 canners fat bulls bologna cows $506 $506 the up autocratic an government who come In 08 $7 steers heavy $5 steers extra firsts loung Lambs Slow quotations cvmpuuy: In tubes creamerv butter in cartone creamerv butter In parchment butter creamerv butter (SMb inest selected eggs Ranch eggs 111 cream cheese $550 light light $1420 $1340014 packing sows smooth $1 30 1340: pigs rough $1250013 rows interruption following passengers came Choice Nov medium $135001375 sales 478 25c 1415 Receipts pounds Hogs — — to 250 175 hogs bulk of $1320014 Cattle — Receipt steers $809 good issues radical and Bolshevistic element who for their own selfish and have been Inciting purposes is It labor and to agitating troubles will that intentions be hoped declared several oceangoing be and that carried out well freighted steamers will be of class V'c this have with be 22 fat weeks drastic the the is rounding in should abide Nov OGDEN Choice extra looking Nominal $601550 CHICAGO tumbling the make markets our those $901150 8000 419 thers heifers and — ' ircsli Iqtsu rro:i Hogs — $1410 Top— 500 Receipts 800 ewes $5500 Sheep— tion newer other things worthy of comment tho stability with connection “Among in neither — Receipts $750 017 cows calves 015 number without beyond now Cattle 22 Creamery COMPLETE IS LEASING to 40c $iady: $1365014 Steers Nor Mutual by 1919 23 SIOUX CON II PRODUCE Wholesale LAKE furnished 22 Mo Nov Strong 3500 Receipts bulk Lakers the of going practically been for justice JOSEPH ST $5500 ewes SALT Compared resh perhaps that have yet as of time nor entered and seasoned permanent had of lower: best feeding steady $10012 fat 0750 50c to ewes yearling wethers 25c lambs higher 50c violent a specialties certain enterprises test stood tho is $650 steady lower generally figures “When class wethers 50c to rates and the expressed to restrain determination speculation it Is a matter of great wonder that tho down movement did not resolve Itself into a disastrous rout and most hang in the of up financial history pages ‘Black riday’ another largely of the calves 625 considerable by wrought money waa unquestionably that gainsaid be remarkable combination of destructlonary forces market subjected to was a veal stockers 25c common kind dull and 1000 Sheep — Receipts with week ago: Lambs and — Hogs 22 II BJI " steady STOCK LAKE Nov LIVE SALT $506 of what was spectacular November - Quotations Market mu Hl steady Sheep — Receipts none Market choice $11 Good Good lambs demand choice fat 012 yearlings $7250825 OMAHA Co of — I steady Market none — Bulk of sales $13750 strong demand to choice fat 175 1425 prime hugs 250 $1425 pounds 1194 Cattle Market — Receipts $9 steady good Choice steers demand 9: fair CIO steers good steers $8500 choice $7500850 heavy heifers cows and fair to and good $6500750 cows $40 525 heifers cutters $607 caners bulls fat bologna $304 $6500750 eature A & Charles Stoneham “An outstanding feature 1 on were drastic and the I difficult mercantile speculator smash Wall street speculation to through money is it II ’ the curb easier is But according smooth The remarkable but almost not been do have commodity one par--tlclpatton due that comment: situation attitude this of achievement would apparently almost only to attempted to tho extends this deflation: to be contrary for policy Indicated as It be remembered nearly a should year Is that speculation even more In the mercantile situation pronounced (In of of the form huge accumulation held for prices higher supplies or in of actual Ignorance volume) We think that any readjustments to drastic Influence attempt should have been made last that Is efforts the to There markets M’e off steps I NORTH Receipts down” has these although been fallen it It In has fact decrease of increased The amount for to Instance required carry money Is that the part of which cotton crop held speculatively the country throughout bales be would say 5000000 Is around which equal to $750000000 halt of the whole amount of estimated loans This Wall street stock exchange make comments: federal reserve to correct the The York Wall as to taken probably it New for market Inasmuch any establishment markets Reitze of know market corporations stock speculative HERALD ' Ill II bulls commodities anticipated of foreign should permit of and slowing orders a gradual up imported goods domestic business as in factor the become a greater home Coleman com the accurately temper the is of this whole wise” country written Since this was we have seen In no indication that speculation mean in earnings had which counted on business as export soon big this reflects stabilization of side the’ the regarding exchange so the watch the on danger of nothing far be that may credit strained the against of plans any there Certainly consummation with this to seems agitation prices and top at used dally of levels Speculation real detriment to the federal in to munity expanded rates living keeps times “inancial wave mendously and damage LAKE SALT Minute Last said: We distinct a consumers in kind Active from proceeding at was the through country commodities This Increasing Prospecting (Continued all is only a speculation of the of top things what tn the In mercantile on country circles is at there proceeding of the time a vast present amount In scdle speculation a largo on very to is efted instance commodities An Is of that us carrying one concern $15000-000 oils vegetable worth of In which and the are great demana Is holding for higher concern them YEAR’SOUTPUT Smelters but street rate of sorts street "Wall record at Is going MORE THAN IS a to O THE : there is Zinc St from 20J to 20 Producers price the cents has during No business in large a way of lead is increasing output is no accumulation and the week been but market - s-teady is steafiy Louis for delivery but the quarter first Demand is quiet’ to are expected consumers enter the market soon Low rates of foreign have brought exchange expert® trade to a Tin and standstill has not the straits : advanced following harbor been striked sold to Antimony iSfcq strong -‘deliveries the has ’ and in - London because of heaw the of conclusion all Nearly tin this consumers is with good-demand |