Newspaper Page Text
THE OGDEN STANDARD, OGPEN, UTAH, THURSDAY, OCTOBER 30, 1913. 5 I
3 DwraioT
5 INVESTMENTS
SWidc Range of Subjects Con
sidered by Bankers' Associ
ation of America.
Chicago, Oct 30. Discussion of in
vestment ranged from electrical se
curities to railroad bonds at the
closing business session of the Invest
ment Bankers association of America
today.
Delos A. ChappelU of Los Angeles.
) addressed the convention on the "Fl
ninclng and Development of Hydro
Eiectrla Pover " The enormous
amount of power consumed in Cali
fornia for irrigation and agricultural
purposes had been responsible, he
i said, for many reckless promotions,
calling for the introduction of some
I financing methods to Btamp them out
' Bonds on new or construction prop
erties should be issued only as the
i work progressed, in the opinion of
jlr Chappell, on a percentage basis
of money expended, as certified to by
( the construction engineer. Receiver
( ships and reorganizations then would
j disappear, he predicted, and the seen
rities of public service corporation
then would be elevated to a plane
j i where they rightfully belong.
' Monopoly of Timber.
The accumulation in the hands of
a few individuals of the enormous
timber resources in the United States
was responsible for the comparatively
small amonnt of timber land bonds
' 'outstanding In the hands of Investors,
'according to Clark L. Poole, of Chi
cago. There were leas than $150.
000,000 worth of these bonds out
standing, he said, although the value
' of the lumber Industry reached the
enormous total of ten billion dollars.
Official government Investigation had
shown, he said, that three persons
owned nearly 11 per cent, of the prt
I Irately owned timber in the entire
'country and that 196 holders own
over 42 per cent.
! Other speakers were John E. Old
jham of Boston, discussing "Public
.Utility Bonds," John E. Blunt, Jr..
I of Chicago, whose subject was "Rail
road Bonds." and Samuel lnsull of
jchicagcs talking on "Electrical Se
curities." f The convention will be brought to
g. I aclose tonight with a banquet. James
J. Hill and Frank A Vanderllp aro
listed among the speakers,
a I oo
s RAILWAY MEN
; IN DISCUSSION
ub i
Physical Valuation of Rail
ways and Taxes Subject of
Technical Papers.
JR Washington. D C, Oct 30 Papers
and depositions on the physical val
latlon of railways, In Its various pha
ses, occupied the attention today of
,! i the National Association of Railway
R I Commissioners
m Consideration of the subject, which
was highly technical and more or less
academic, was based on the report of
the committee on "railroad taxes and
plans for ascertaining fair valuation
of railroad property," presented by
Commissioner M. B. Maltble of New
ll I York.
m. Supplemental papers were submit
ted by George A. Henshaw of Okla
gr homa. on "Elements of Appreciation
In Railway Valuations;" by Max The
lan, on a "Just and Scientific Basis
H, for the Establishment of Public Utlll
ty Rates, With Particular Attention to
Land Values;" by Dr. A. F. Weber
of New York, on "Depreciation and
Its Relation to Fair Value.' and by
Dr. Edward W. Bemis of Chicago on
g "The Accounting Side of Rate Mak-
3 lag"
3 SUIT AGAINST
LOSlNGEEES
Natural Soda Products Com
pany to Stop Diversion of
Owens River Waters.
Independence, Cal., Oct. 30 The
suit of the Natural Soda Prod icts
company agaln6t the city of Los An
geleB was begun today In the superior
court here. If the 6oda company
I wide the $23,000,000 the Los Angeles
aqueduct probably nerver will carry
water to Los Angeles.
The oompany has asked for an in
junction to restrain the city from di
verting the waters of Owens river,
source of the municipal supply, Into
'the aqueduct. The plaintiff asserts
that if the water Is diverted the In
dustry of making soda at Owens
lake, where its plant Is located will
be destroyed as the lake would be
come dry The lake Is one of the
largest soda deposits in the world.
City Continues Work.
Los Angeles, Cal.. Oct. 30. The In
junction suit brought In the euperl
or court of Inyo county today to pre
vent the turning of water into the
260-mlle Los Angeles aqueduct, was
regarded by city officials today as
ttoo late to accomplish Its purpose
Water was turned In several week
ago and Lo6 Angeles Is going for
ward with, plana to celebrate Novem
ber 6 the arrival of the new municipal
water supply.
W. B. Matthews, counsel for the
aqueduct commission, said today.
"The soda company Is merely an
experiment. Its plans were evolved
long after work on the aqueduct was
begun and it has still to produce soda
products In commercial quantities."
TODAY IN CONGRESS
Washington. Oct. 30 Senate Met
m at noon.
Three new bills to regulate opium
yft traffic referred to a sub-committee.
Banking committee continued
working on currency bill In execu
tive session.
Adjourned at 101 to noon Monday.
House Met at noon
Representative Gray. Democrat, of
Indiana, objected, on tho plea that U
uas "'exceeding bad taste." to mem
bers of the house subscribing to a
wedding gift for President Wilson's
daughter. Miss Jessie
Adjourned at 12:43 p m, to noon
Friday.
i
no
GEMINI PAYS $10 DIVIDEND
Dividends on Utah mines are com
ing in thick and fast these days. The
last to announce one is tho "id Gem
ini Mining company. This is $10 a
share, calling for $50,nori to be dis
tributed on November 15. This makes
1100,000 for the company this year,
and equal amount having been paid
out on May 20 With the sending
out of checks to the stockholders of
the Gemini in two weeks, it will give
this great old Tlntic mine a total div
idend record to date of $2,230,000
This brings Utah's 1913 dividend total
up to $5,992,600.
The Gemini Is a company of only
5000 shares, but of $100 par value
each. The dividends to date have
amounted to $440 a share, or over
four times the par value. The com
pany Is managed by John C. McChrys
tal and associates of this city. At
present the mine is being run on the
leasing principle almost wholly.
Theer are about 90 men employed In
the mine. The September production
was 2500 tons of ore and the average
Is from 1 r0 to 2000 tons every 30
days. The ore average 40 to 50
ounces silver and 12 to 16 per cent
lead.
In January the Gemini shipped out
37 cars. In February, 29: March, 40;
April. 30; May, 43: June, 42; Jul...
21; August, 3G; September, 41; and
October, 33.
The mine has been producing for
many years, yet it is maintaining this
heavy output in a remarkable way.
It has been leased from the 200 down
to the 1670 level, nearly all of the
levels still giving up their toll of ex
cellent shipping ore which runs well
enough to make good money for the
leasers as well as the owners of tho
property. This production Is all from
above the water level, or permanent
sulphide zone. Iast summer the 1400
level was connected with the ChW
Con. 's 1600 level, affording excellent
air throughout the mine.
The Gemini has been opened below
the water level, where three or four
years ago pumps were put In and the
ground made to produce for a time
from the 1750 to the 1900 level. The
results were more than reassuring
There was one shipment of 2021 tons
6ent out from this sulphide ore zone
In the limestone which ran exceeding
lv high. The following is an average
of this 40 big car consignment; 134 5
ounces silver; 18 14 per cent lead;
3 48 per cent iron; 48.8 inosluble.
6.94 per cent sulphur and 6.37 per
cer cent zinc.
oo
WEST COAST
RAILROAD PLAN
Twenty-Million Dollar Project
Proposed to Parallel North
ern Pacific and St. Paul.
Seattle. Wash. Oct. 30. Plans for
a $20,000,000 railway project, the
West Coast railroad, were filed In
the name of J. P Parrel!, president
of the Oregon-Washington Railroad
& Navigation company, a Harrlman
line, in the United States land office
at Olympia today. The line proposed
will parallel the Northern Pacific and
the Chicago, Milwaukee and St Paul
road6 across the Cascade mountains
and will have ocean terminals In Ta
coma and Seattle James L. Brass,
general manager of the company said
tonight that the filing should be con
sldered as merely a preliminary step
and had no Immediate significance, the
filing of plans being made to hold the
territory. It is generally believed
that the proposed line is an extension
of the North Coast railroad, a Harrl
man property from North Yakima to
Seattle, and Tacoma. The routo filed
today calls for a crossing of the Cas
cades through Natchez. pa68. jusc
south of the Northern Pacific's Stam
pede tunnel The new line will con
nect with the joint track of the Mil
waukee system and the Oregon-Washington
Railroad & Navigation romp.i
ny at Auburn, midway between Seat
tie and Tacoma.
oo 1
THE WORLD'S
MARKET NEWS
WALL STREET
New York. Oct. 30 The undertone
was good throughout the morning
and prices tended upwards until the
bears attempted to depress the maa
ket. They succeeded in halting tho
rise, but., further than that, were un
able to make much headway. Still
mone rates Impeded a sustained ad
vance. Call money opened at five
per cent. Time rates, however, were
little changed and western banks
loaned Co and 9U day money here at
4 3-4 per cent
Prominence of the Mexican diffi
culties In the clay's news made the
bears confident that no vigorous ef
fort to force up prices would be at
tempted at present. There was some
selling of Canadian Pacific for fore
ign account, In connection with re
ports of banking trouble In Berlin
None of the active shares varied
more than 1-2 a point In either di
rection from yesterday's close
Bonds were Irregular
Chicago Livestock.
Chicago, Oct 30. Early gains in
hogs was loBt later. Cattle demand
lacked urgency. Supplies of sheep
and lambs were small and the market
firm
Chicago. Oct. 30. Hogs Receipts
20.000 Market strong, generally five
cents above yesterday's average. Bulk
S7.958.25; lights, $7708.30; mixed
$7 7ti(ft8.40; heavy. $7.6ufi8.4U; rough.
$7.607I7.80; pigs, ff.26Q7.70.
Cattle Receipts 4500. Market
slow, steady Beeves. $6.60(9-9 70:
Texas steers. $6.707 80 . western,
$6.00(98.10; stockera and feeder.
$6.00(g-7.45; cows and heifers, $3 35'
9 20: calves. $.60g 10.50.
Sheep Receipts 25.000. Market
strong to 10 oenta higher, Native,
POLITICAL ADVERTISEMENT I
They Say Tm a Poor Politician; I
A 1 T T d Someone has said that I am a poor politician and
XXICI A VivIXI6& I confess that I am 'NO politician at all. I do not under- j
j 1 : stand the methods used by politicians to secure votes. I '
am told that regular politicians pay workers to boost for them to knock their opponents; and if these are politi
cal methods I am happy to confess that I am NOT A POLITICIAN. I DON'T BELIEVE IN SUCH METHODS.
I DO know, however, some of the things that Ogden City needs. I'll tell you what they are and if you
think I'm right, you'll have courage enough to vote for me.
i,al00r!S f ?dcn -h0?ld p08iHveIy ,close V MINE The city of Ogden, in connection with a private corporation
O CLOCK and not a few minutes or hour later. I WILL is building a reservoir in South Fork canyon. The city's interests
CLQSE THEM. should be safeguarded. I WILL SAFEGUARD THEM.
If the hour of closing is ever changed it should be done by A There is a possibility that the taxpayers of Ogden could save
VOTE OF THE WHOLE PEOPLE. I will see that it is not money by owning their electric lighting and power plants. The ,
changed by any other method. proposition should be investigated. I WILL INVESTIGATE IT. 1
... ... ii., h been said that a public market, where the producer o
There are places in Ogden where liquor is being sold without foodstuffs can sell direct to the consumer, would save our citireria
any license at all. POSITIVELY I WILL CLOSE THESE their yearly taxes. IF SO, LET US HAVE IT
PLACES TIGHT.
1 he government of the city of Ogden should be conducted
There are other places in Ogden where liquor is sold with a upon ."f careful, economical, businesslike methods which
government and not a city license. I WILL CLOSE THEM. arc U8ed m Ae commercial world. I WILL SO CONDUCT IT.
TL i i it , The city of Ogden should be advertised. The world should
There are rooming houses in Ogden where liquor is being i ii V . . . cll,Jcu- "c worm snouia
j j- .ii V i ? i l l xi know all about our many natural advantages and attractions I
sold disreputable rooming houses which are in violation of the WILL ADVERTISE IT auu attractions, i
city laws. I WILL CLOSE THEM.
There in .treeU in the city of Ogden which are a di.grace ' ZhA u H ?. rePOn" in the mi"d' of
o . ci,y of our .ize .d excellence. I WILL IMPROVE THEM. TASSSyS " W 1
There are many streets in Ogden which are in crying need If m DAlIfr
of more and better lights. I WILL LIGHT THEM. II. III. KUWt.
Headquarters 2441 Hudson Avenue I
Come and See Me. I Have No Paid Workers
Telephone 603 h. M. ROWE I
I4.10O5.15; western, HISS'S 15;
yearlings, $5 10g6.15; lambs, native
6 007-fi0; western, 6 00(37.75
Kansas City Livestock.
Kansas City, Oct. 30. Hogs Re
ceipts 10,000. Market five cents
higher. Bulk, $7 607.95; heavy,
$7 7508.00; packers and butchers
$7 708.00; lights, $7.6o' 7 95 ; pigs
$6.00'5 7 50
Cattle Receipts 5000. Market
steady to 10 cents higher. Prime fed
steers, $8.90'iT 9.50; dressed beer
steers. $7.258.85; western steers.
$0 258.6O; southern steers, $6.00
6 50; cows, $4 267.00; heifers, 55.00
(5 9.25; Btockors and feeders $5.50fg
7.50; bulls, $4.50!&'6.50 ; calves, $6 00
10.00.
Sheep Receipts 11,000. Market
strong to 10 cents higher Lambs.
16.7607.60; yearlings, $5 0Og6.OO
v.ptherB, f4.60OS.26; ewes, $3,751
4.60.
6outh Omaha Livestock.
South Omaha, Oct 30. Cattle Re
ceipts 3000. Market steady. Native
steers, $7 769.50, cows and heifers.
$5.85'3'7 35; western steers, $6.00
8.00; Texas steer. 16.6007.00; range
cows and heifers, $5 507 10, calves,
$5.769.75
Hogs Receipts 5000 Market
higher Heavy. f7.80O7.90; lights.
f7.6O07.8Oj pigs, $5 257.25, bulk or
sales, $7 75'3'7.85.
Sheep Receipts 40.000. Market
steady. Yearlings. ?4 S5'3,5.65, weth
ers, f 4.2695.76; lambs, $6.60Sf7 4i.
Sugar.
Now York, OcL 30 Sugar Raw.
firm, muscovado, $3.04, centrifugal.
$3.54, molasses. $-79; refined, firm
10 to 15 points higher. Cut loaf.
$5 30; crushed. $5.20, mould "A."
$4 60; cubes $4 60; powdered, $4 50;
powdered, $4 45; fine granulated,
$4.35; diamond "A." $4.35; confec
tioners "A," $4 25; No. 1, $4.25.
Chicago Produce.
Chicago. Oct. 80. Butter Un
changed. Eggs Higher; receipts 3.
283 cases; at mark, cases included,
24 1-22S l-2c; ordinary firsts, 25g'
27c; firsts. 3132c. Potatoes Re
ceipts 65 cars; unchanged. Poultry
Alive, higher, springs, 13 l-2c;
fowls, 12 l-2c; turkeys, 18c.
CHICAGO GRAIN I
Chicago, Oct. 30. More favorable
reports from Argentine as to the
crop conditions gave the. wheat mar
ket today a down turn. Opening
prices were 1-2 to 5-8c lower. A
slight reaction took place later buT
foiled to lasL '
Predictions of warmer temperature
for the trans-Mississippi region
eased corn. After the opening, which
was 1-4 to l-2c down, prices rallied
to nearly last night's level.
Oats underwent a moderate sag
with other grains, but offerings grad
ually became scarce.
Provision sales at the outset va
ried from five cents off to a like
amount up, with the market appar
ently disposed to keep within that
range.
Lead
St Louis. Oct 30 Lead Quiet.
$4 22 1-2. Spelter Steady. $5.30.
NEW YORK STOCK LIST.
Last Sale.
Amalgamated Copper 73 3 S
American Beet Sugar 23 3 4
American Cotton Oil 37 1-8
American Smelt & Refg 63 12
American Sugar Refg 109
American Tel. & Tel 120 1 2
Anaconda Mining Co 35 3-4
Atchison 94
Atlantic Coast Line 116
Baltimore & Ohio 94 1 8
Brooklyn Rapid Transit 87 1-4
Canadian Pacific 226
Chesapeake & Ohio . 68
Chicago & North Western 127
Chicago. Mil. & St Paul 101
Colorado Fuel & Iron 28
Colorado & Southern 27
Delaware & Hudson ... 156
Denver & Rio Grande... 18 1-4
Erie 27 12
General Electric 140
Great Northern pfd 123 i-2
Great Northern Ore Ctfs 32 7 s
Illinois Central 106
Interborough-Met. 14 1-4
Interborough-Met. pfd 57 3-4
Inter Harvester 103
Louisville & Nashville "..131 7-S
Missouri Pacific 28 W
Lehigh Valley 161
National Lead 44 1 4
New York Central 96
Norfolk & Western 104
Northern Pacific 107 3-4
Pennsylvania 109 7-8
People's Gas 124 3-4
Pullman Palace Car 104
Reading 160 5-8
Rock Island Co 14 W
Rock iBland Co pfd 23 12
Southern Pacific 87 M
Southern Railway 22 5-S
Union Pacific 161
United States Steel 56 7 8
United States Steel pfd 106 1-4
Wabash 3 1-4
Western Union 63
Laat time tonight world's
series baseball pictures, Or
pheum; 10 cents.
( Advertisement )
MOST REMARKABLE "RESCUE" PHOTOGRAPH EVER MADE AT SEA
V. PwH HLailll
Thia photograph, which la the moat remarkable marine picture ever made, stands alone in a claas by
itself. It ahowa a condition at sea nevar before pictured by the camera That the crew of the sinking
vessel ever escaped at all is as remarkable as the picture itaelf. The auction caused bv a asel of such size
M was the four-masted schooner "Margery Brown" must have been indescribable, and the photograph gives
but little idea of ita force, as the life-boat (arrow) escaped from ita auction and found itaelf on the very rim
of the vortex, from which perilous position the men WM rescued by the North German Lloyd 8. S Berlin,
bound for New York. It waa 200 miles ontaida of Sandy Hook that an eighty-mile gale hit the Margery I
Brown," aad thirty fceara Jtr Captain Jowph Walker and his craw of fiva abandoned Ham TtsseL
,
CUTTER FINISHES
A LONG CRUISE
Sixty-five Reindeer Taken
Aboard for Distribution to
Each Native Village.
Seattle, Wash . Oct. 30 The Unit
ed States revenue cutter Manning,
Captain F G Dodge, arrived here
yesterday from Alaska, having com
pleted at 16.000 mile cruise among
the Aleutian islands. Including a vis
it to Attu, the most westerh of the
chain.
'The natives on the isolated Isl- J
ands are in much better condition
than In previous years." said Cap-I
tain Dodge "There is not much
sickness and the natives are begin
ning to observe the sanitarv regula
tions ghen them. We visited all the
native villages Investigation condl
tlor." The Manning took aboard sixty
five reindeer at Portage bay and
landed 39 of them on Nunivak Island
and twenty-two at Dutch Harbor. A
few reindeer were given to each na
tive villag -with Instructions for
their care so that th?y may be prop
agated and supply food and clothing
for the natives.
Two reindeer were eaten aboard
the Manning, the crew preferring the j
meat to beef or mutton
Senior CapUiiu W. E. Reynolds
Commander of the Bering sea patrol. I
and Commander R. G. Salisbury, U.
S. N., retired, who has (hnrt;e of the
transoortatlon and dlfltrlhiiflnn r tha
reindeer, came down from the north
! on the Manning
FIELDER JONES AT
LAST FREE AGENT
Chicago. Oct. 30. Fielder Jones,
manager of the Chicago Americans
when they won n world's champion
ship In 1906. Is a free agent at last.
JoneB retired from the leadership or
Coralskey s team and from active
baseball after the season of 1908, but
every autumn up to this fall! he
was incuded in the list of players
! which the South Side club reserved
In the hope, It was said, that he
might return to the game. The club
did not include his name this year.
I and he la now free to pla ball
wherever he pleases
Whether his release has anything
to do with reports that he will as
sume management of some club Is
not known. Rumor here has named
him as possible successor to Joe Tin
ker as leader of Cincinnati. A few
years ago Jones had a chance to be
come part owner of the St Louis
American league and take Ita man
agement, but difficulties between
President Hedges of the Browns and
other American league . magnates
prevented the transaction. Jones Is
still president of the Northwestern
league.
oo
Probably no public institution visit
ed by the members of the American
Socltey of Mechanical Engineering
during their recent European trip so
impressed them with the progressive
ness of Germany as did tho Deutsche
Museum of Natural Science and
Technology at Munich.
uu
Read the Classified Adj. I
BLASlOiLLl 1
MILLIONSALMON I
Railroad Operations on Frazei
River Has Disastrous Effect
on Fish Industry.
Washington. Oct 30. Railroad
biasing operations on a tributary or
the Fraser river. In Washington,
having killed more than one million
salmon and prevented the spawning
of between two and three billion
sockeye salmon eggs, the department
of commerce announced today that
the fishing loving American public
might expected a decided shortage in
Its tavonte article of food three to
five years hence. The department
pronounces the slaughter of the fish
to be a "catastrophe "
"The effects of this catastrophe,'
It was declared, "will be seen three
to five years hence, when the 1913
progeny come back to the river to
spawn. How serious the outcome
will be can only be surmised."
The Livelihood of thousands of
persons In the state of Washington
and in British Columbia, adds the
department, depends upon the an
nual "run ' of these fish, which re
turn year by yeir to the same
spawning grounds. This it Is sug
gested, makes the matter one of even
greater economic Interest. Rocks
dislodged by the blasting blocked
the stream and caused the death of
the ascending fish.
BRITISH MAY
CHANGE Mil I
Government Asked to Recon
sider Decision and Partici
pate in 1915 Exposition.
London. Oct. 30. An influential
committee, which will ask the Brlt
ish government to reconsider Its de
clston In regard to participation In
the Panama-Pacific exposition, was
formed here today by the heads of
the great steamship commercial and
manufacturing companies
The committee points out that since
the government announced Its nega
tive decision, circumstances have
changed considerably and many of
the large manufacturers have determ
ined to take advantage of the Improv
ed tariff conditions in the UnlteJ
States aud send exhibits to San Fran
cisco Bl j
The committee is non political. Its
membership comprises such promi
nent liberals as Lords Aberconway
and Cowdray and such well knowu
Unionists as John S Harwood Ban
ner Sir J. Fortescue Flannerv. and
Sir Churles Allen as well as the
chairman of the Cunard. the White
Star aud the Allan Lines; Sir Alger
non Freeman Firtb. president of the
Associated Chambers of Commerce of
the United Kingdom; Stanley Machln.
vice president of the London Chamber
of Commerce; Marquis Graham, son
of the Duke of Monterose, and Repre. MI
aantatlva manufacturers from all parts i
of the United Klnajdom. I
