Show I 1 hagi 4 i 39 1 11 cioll ii oll hi illif tso al I 1 MITI av M a 01 L ue al r s I 1 to I 1 I 1 4 4 ml il afe MEN N CONGRESS OFFICERS F rob on YEAR I 1 I 1 D D muir jr general manager of the united states smelting smelling Sm elting refining sc I 1 mining company was reelected elected re gover governor 0 of f the utah chapter of the ame american rican mining Con congress grebs at a meeting ot of members tuesday I 1 all air other officers were reelected re elected as follows J W wade first vice governor 0 N X friendly second vice governor M J dalley dailey third vice governor and A G mckenzie secretary the executive committee was reelected re elected as follows mr muir chairman J 0 elson D D moffat and W M mont ont perry I 1 1 REPORTED ORE OKE FOUND AT I 1 NEW QUINCY I 1 this week the stock of the new quincy advanced 6 5 cents a share due to the re port that ore ora had been uncovered at the property thursday however the stock again declined to its former level leav I 1 1 ing a doubt as to the of the report SILVER VICTORY IS SURE SNYDER SAYS more outspoken than his bis colleagues on I 1 I 1 the silver delegation just back from washington george W snyder who represented the international silver commission declares that the future of silver Is as sure as any mundane possibility can be speaking friday of 0 the mission to washington he said 1 I do not believe the moratorium matter will interfere in the least with favorable action on silver I 1 feel perfectly sate safe in going on record with the following prediction A bill which will have the effect of silver will be introduced at the coming session of congress and thanks to the splendid efforts of senators senatore smoot king borah and pittman will be passed my confidence Is based on the fact that there Is a great deal of support for silver in the united states as well as 28 in canada and mexico and that there Is no organized opposition to a program it Is certain to come tribune BETTER TIMES AHEAD FOR MINING AND OIL STOCKS 1 f the mining industry Is today in better I 1 shape than any other business in the country this Is particularly true of the gold mining industry says the denver mining record when the french agree to the hoover plan of postponing war debts and reparations for one year factories over the world will again cornin commence once turning wheels and the de mend demand Ifor I 1 tor metals will greatly increase it would appear to be a good time to buy shares in ia metal mines there are many bargains provided payments on war debts are turned into industry during the next year the hoover proposal will put the h world on its feet again some western companies have had difficulty in financing during the present depression others have made better progress than during the good times when the stock market was boiling and we had bad assurances from washington that we wera w ere in a new period 0 prosperity ro and that the stock advance would prove permanent investors have learned their lesson leeson and today we find investment lunda funds 9 going into constructive mining and oil development instead ot of into the gambling gan a bl game in new york it if you are interested in a mining or 0 oil 11 company it Is proper that you keep in touch with the officers or with the brokerage house from whom you purchased the stock if you did not buy your shares direct from the operating company the company Is the best source of official information active companies usually send out regular reports on operations erat ions the brokerage house that Is handling the shares Is constantly sending out sales literature the public Is kept minutely informed while stock Is being sold after the sales campaign Is completed reports are not so frequent the brokerage house or the mining or oil company from which you bought your shares should keep you informed with reports kick tt if you do not get them there are very prosperous times ahead tor the mining and oil industries and the companies 0 m canles in which you own stock may p partake a otake ot of this prosperity from better metal and oil prices keep in touch with your company TO HE BE FEET I LONG A salt lake correspondent writing to a denver paper says A foot obstacle will be surmounted m by a riblet aerial tramway in the removal of gold from the american mine ot of the yankee pork fork region 50 miles south of salt lake city the obstacle la Is major evans peak behind which Is the mine operated by the american smelting smelling Sm elting refining kenning company the ascending span will be feet high and the descending span feet from the mountain top the four and a half aalf miles of tramway will connect the gold peaks with the american forks valley from the lower terminal the ore will be hauled 12 miles to the railroad at pleasant grove and from there to the smelter at garfield utah it Is understood that an important body of gold ore with an accompaniment of copper and silver has been developed through a new strike in an old p prospect the tramway will move tons a day and will cost by estimate all of the machinery tor for it Is being made by the he t riblet tramway company structural steel rolled to order will bo be supplied by the pueblo plant of the colorado fuel iron company and the all a 11 steel construction cables by the WU lam liam sport wire bope R ope company of wit wil llam Ilam sport pa erection of the tramway will be complete in days SILVER MONEY IN CHINA NEAR WORTHLESS A recent dispatch form china says money has become an unreal thing to americans who work in china and who are paid here in the currency of this country owing to the depreciation of s silver liver chinese dollars seem next to worthless it converted into V U S currency and owing to chaotic conditions in china it la is impossible to invest these silver dollars safely in china itself unable to send their savings home except at a loss and unable to invest them here except as a gamble americans can and other foreigners are tending more and more this year to pour their funds into frankly speculative enterprises in china the cost ot of living here has become as unreal as the money itself imported articles are so expensive in comparison with native merchandise that the housewives are forced to readjust all of their ideas of values A cake of cheap laundry soap costs as much as a chicken four ordinary 10 inch phonograph records cost as much as aa a ton of coal a pound of coffee costs as aa much as eight pounds of the best beefsteak a nd and a can of corn or peas cos costs ts as much as two dozen fresh eggs FERRY IS 19 optimistic administration N WILL V ILL DO SOI SOMETHING FOR SILVER declaring that president hoover and the administration are sympathetic toward silver that the president has a comprehensive understanding of the w whole hole subject W mont ferry head of silver delegation returned athla week with the information that he be believes something will be done by the administration m ini toward the stabilization of the white metal we all came away from washington mr ferry said convinced that the attitude of the administration Is sympathetic and that the president has a comprehensive understanding of 0 the whole question it was evident on our arrival that the atmosphere was charged with anxiety and apprehension over the international ter economic situation and soon after a we reached there the moratorium on international obligations was proposed by the president 1 I do not agree at all with the opinion that mr hoover la is not disposed to call an international silver conference because such word as he be gave us definitely indicated that he still has the matter under consideration but until certain things have been cleared up and one of them Is the matter of the attitude ol of other nations whose presence would be necessary there will be no positive steps taken 1 I do believe it can be asserted with certainty that should some other nation call the conference this country would respond promptly and sympathetically in our discussions with officials ot of the state department treasury department commerce department and with eugene meyer governor of the federal reserve we did not attempt to obtain any com mit ments such an attempt would have 0 of f course been butil and discourteous as the matter Is in the bands of the president by virtue ot of the senate resolution calling tor for an international conference but we did find and that much consideration was being given to the problem in these departments and that considerable data have been collected we received valuable suggestions and constructive criticisms from the department ol of commerce the plan referred to in pre press dispatches as the smoot plan was presented to the president in two extended conferences and it Is now being studied for the purpose of finding holes in it and determining if constructive changes can be made the plans or suggestions mr perry ferry pointed out are being held in confidence until the president has had bad time to study and digest them thoroughly commenting on the failure of the united states chamber of commerce to in I 1 clude kuae the silver problem in its program for the coming year mr perry said that he was neither surprised or disappointed As a matter or of fact he said the united states chamber of commerce has already considered the subject and recommended an international intern a dional conference that reco recommendation m mond atlon Is still the official stand of the organization and to take the matter up again would be retracing steps which have already been taken there Is nothing unusual or discouraging in the attitude of the national chamber in my opinion on the whole I 1 would say that the movement lor for stabilization ot of silver is g gaining aaning sympathy and momentum the most important thing Is to keep it from becoming involved in partisan politics as the leaders in the sliver silver movement belong to all the important schools of political thought should it become a partisan the effect act might be to is e move or split spilt the support of agriculture and labor we must continue the fight on economic grounds and what Is needed most now Is a crystallization of 0 eifort to tc save lost motion in other words the movement needs a clearing house which will serve to unit the efforts ol of all the active a groups and gather up the accumulating noa aca lorce force behind it mr ferry praised senator smoot tor for his assistance in gaining audiences with the president and other administration officials and tor for his presentation of constructive truc a tive suggestions he also commended senator william H king who he h said js Is continuing his constructive work in behalf of stiver silver salt lake legal and mining news STOCK SALES FOR WEEK MONDAY new quincy 2800 sc go three kings 1000 ac 21 ac park city con TUESDAY new quincy 1000 us do be 1500 loc 0 lac uc silver king coalition 20 4 75 WEDNESDAY new quincy 1500 lac 1000 0 1000 alc paik city con 1000 0 1600 1500 0 20 30 0 ac silver king io 4 75 SI 1 60 park utah 1371 THURSDAY new quincy a 0 loyc 2500 0 loc 1000 ac park city con 1200 lac ORE silver king coalition park utah consolidated 1 total 1 I |