Show SUNDAY MORNING OCTOBER 21 1928 THE OGDEN STANDARD-EXAMINE- Pup: "How Are You Gonna Fight a Thing Like That?" MART PLUNGES AT SWIFT PAGE - MART IS BOND N 0 17 IMPROVING Situation Is Unsound As Money Conditions Aire Indicated During r Past Week Public Ceases To Invest By CBIARL12S IP SPEAKE Special Correspondent of The By BYRON SELLER Special Correspondent of er NEW YORK Oct ?0 — Four business men ana bank officials were sitting around a table at a downtown luncheon club in New i'York this week discussing the stock market They were ail large buyers of securities Each one had All agreed heavy commitments that the speculative Eituat'on was unsound and that they hoped to elide out before they loft their 'profits This Is typical of the attitude of those who compose the present buying public They have ceased to Jnveet because they know that the range of prices is atnormally J'isrh and from the standpoint of return and carrying1 costs gives little compensation But so long as ftocks show advances from day to Jay and their martrin are sufficient they are not Inclined to soli what they have for each time they have sold quotations have gone higher This is a phase of all grat speculative movements whether they have to do with securities or real ?state or commodities It duplicates the Florida boom between 1924 and 1026 and the commodity inflation between 1015 and 1321 The difference now Is the length of time that stocks have b'cn ris-ir- g With interruptions but with a steadily advancing: curvb this has prolenged itself into a seven-yeperiod "Seven fat years and seven lean years" is the old axiom of the economists PACE IS SWIFT If we take as recent a date as October 1923 we find that at that time the Bow-Jonaverage of industrial stocks was 85 At the ond of this week it was approximately 252 In Augast' 1923 the nverage of rails was 78 It now is about 143 Coming- down to this month's performance we iee since October 9 an average gain of 60 Industrials and tails of prominent 12 points of which half has been realized this week The pace has been swifter and the- excitement the October greater at the peak-omarket than at any time since just prior to' the June break Dealing Wh a few indiietrlal stocks arouni which speculation has centered the following striking in percentages of appreciation market value th!s year alone are r resented as further evidence of the swift discounting of all good news Allied Chemical 60 p?r cent C — 11 t r r si ov tmeuera wurywer iou uenerai - Electric 40 General Motors 70 International Nickel 1JB0H Kennecott 40 Johns Manvills 70 Montgomery Ward 200 National Dairy Froducts 85 Radio 150 Sears Roebuck 100 Union Carbide 45 and United States Steel 25 per cent These ntios of appreciation are added to that that had already taken place between 1924 and the end of 1927 a period of remarkable gains in" those and scores of other stocks TRICE YIELD UNBALANCED 3 Prices havo run far ahead of which prices are developments-oThis week for the firBt based time there have been a number of events that have testified to the truth of some of the statements current while prices have been advancing Two of the most important were the "split "up ot the 'stocks of Montgomery Ward and American Smelting and Refining In anticipation of another stock dividend General JMotors has also beef buoyant There have been a few dividend Increases ard some extra dividends declared In comparison with market "quotations the distributions have been too &mall to correct the unbalanced relation between price and vield There is no doubt that control of properties is changing hands and that so long as corporations have such large amounts of idld money at their" command they will be tearching for outlets for i is capital Whether they buy with good future years judgment or not rmist determine The high average of prices and the large volume of- - jstock transactions require the use of the present extraordinary total of brokers'- loans Behind the Increase in these loans in recent weks however there is the fact that this has tbeen due tnainly to the parting of who speculative shares from those have held them for some-- time or may even hav£ accumulated them during the lull that followed the speculative etorm in June into weaker hands In other words the street Is full of stocks mtaning that the floating supply is large and that therefore the market technically has a less stal Je foundation than it had a month ago CAUTION ADOPTI D Under these circumstances it is obvious that caution should be exercised and that words of caution should be found in practically all of the business literature of the o'iy One bank review this week &ays that "nation-wid- e speculation in 'stocks has pushed market values to heights inconsistent with yields or reasonable prospects of future? growth in corporate earnwhile an investment house ings' with deals the subject from another angle in stating that in several instances they (stocks) are bucked by current earning of less than- five per cent of their market prices and are paying logs than fuur" percent of those prices in div- " - n 1 n -- idends" There are only two important mo tions of the market that are not Inflated " Reference ts ma le again this week to the rel&tivly strong position of oil stocksfand railroad stocks both representing industries where improvement in earnings has been marked and where the benefit of this improvement wjII be to some extent distributed among shareholders during the re-x- year Railroad stocks at present raand at the same average priced a year While there may have been ago justification for this up to July 1 the records of the last three months warrant an appreciation of the change in conditions RAILROAD SITUATION There aro two influences that will have much to do with establishing the permanent investment alue of railroad stocks- - and pos-s'benlarging the speculative following In them The fim la the O'Fallon case which wi'I be argued before the supreme tciirt In January and which by all precedent in similar legal situations this body should decide in favor of capital Invested in railroads The "other is the consolidation aspect of the rall- JoaA eituation This has had little - t ly GRAIN By JOHN P BOUGflAN Associated Press Market Editor CHICAGO Oct 20 — (AP) — Wheat prices tumbled today to within about lc of the lowest figures of th© season Standing orders to sell out-- at Various fixod limits and thus stop losses wero fbreed into operation as values sive way Approach of harvest in the southern hemisphere with prospective consequent additions to big supplies of wheat already in s'ght elsewhere was a bearish factor and so too were rain reports from India and predictions of large world shipments to 2c Wheat closed heavy ret lower corn c to down oats c to c off and provisions unchanged to a setback of 47c ''! lc lc KANSAS CITY Oct ?0—jCAP) — Wheat— Receipts 184 caraf hard lower soft lc to 2c low lc to lc -- Casli:j Wheat — No 2 red winter $140 ft) 145 No 2 hard 5113 Oorn— No 2 mixed $10? 01506 No! 2 yellow new ld $105i N04 yellow new white $106 No 3 $104 Oats—N0 3 white $1062 Z $1 NoJ NoJ 4! 42 LlVElSTOCK NEW YORK Oct 29— There were a number of indications this week that the bond market Is imThis was not so much proving thown in prices except in tne speculative issues which reflect stock movements and not money! conditions as in the changing attitude of buyers of bonds r Encouragement was given dealers to accumulate issues on a moderate Scale in anticipation of a higher price before the end of the year range - This would Indicate that they expect to see easier money conditions In this they l have! been somewhat justified by the decline in time money rates this nvnth although rates for call! money this week have averaged 1 per cent higher than a week ago BANKERS WRONG It should be remembered that last spring many bankers predicted a long period of low interest rates In this they were wrong Now they are as positive thft money rates will bo high for some time There is some hedging by bond dealers on the possibility vhat the present judgment In th money market in the next few months may be as far away from actual judgment as it was earlier in the year With the market in its present strong technical position' It would not take a great deal to advance prices quite sharply should buying develop from institutions and Individuals God grades of bonds are scarce Those vvhb attempt to accumulate them In any " large amounts find great difficulty in doing so The benefits of three and a half months of low volume of new offerings arenow beins? shown and the only hope is that new financing will be kept down to a minimum for the remainder of this year BONDS "SWEETENED" An interesing feature of this financing is the large percentage represented by stocks In September this was 45 per cent of all domestic corporation issues The total has been increased by the tendency this month to bring out common and preferred shares much more freely than bonds Linked with this is the resumption of the old practice that has' obtained whenever the bond market is stagnant to "sweeten" bonds by making them convertible Into common stocks The public buys the issue not on Its investment rating' but for the gamble that is afforded through the conversion of it into some popular equity The difficulty In creating a broad bond market is the absence of bank buyers Normally they take a large proportion of all xiew issues As conditions arc today they are not Inclined to buv so long as money ratesare high e'iher because they fear a shrinkage or because "they have a considerable portion of their secondary reserve funds in the money market and will keep It there so lot g as It yields over 6 per cent i- ClHKpAOO Oct j20— (U F D A) — Cattle — Receipts 500 Compared 01 4243c C to jweejk ago fed steers nd yearlings 75c to $l2j5 lower demand forlshlpping steers absent at weekend hat outlet ibcing practically closed! by the Kosher butchers' &trike in New fiork in between grade heavy steers lost most during the week butcher heifers - 50c highej" bulls steady to 25c lower vajt61 $100 to $150 lD'er top on steer fed load lots J1790 part loads ' $18 001825 stribtly choice kinds late $i70Q(ff 1725 best w estern grassers $13125 to killers Sheiep— Receipts 2000 practical ly rioiie on sale to4ay for the week 234! doubles from! feeding stations 12000 direct fat native lan bs clos ing around steady having lost early advance rangers 15c to- 21c lower considered jsheep and Quality feeding lambs 25c of ff top prices iorithe week fat native lamba year ?i3j a?o westerns! 51135 fat 0wes $6?3 feed lings$ll00 ing lambs $1350j bulkrricesfor CHANGES NEC ESS TtY week fat native lambs $1300(3! Two changes therefore that are 85 137S westerns! $12 25)13 necessary in order to bring about fatniewes $60Q625 feeding a broad market for bonds are lowlambs $12001325 er call money rates and liquidain stocks The one of course OMAHA Oct 2!0 — (U S D A) tion be will effected by the other Fur— Caitle — 'Receipt 400 calves 100 Icompajed week ago fed steers ther than this bea slump en--In: stocks ugh to large and yearllngs mostly 60c to 75c which would a permanent change in the lower she stock 2 5c to 50i lower suggest of the speculative market stockers and feeders 25c to 75c trend would lead to the ustfal substituHveek: d steers bulks for F liowejr tion of bonds for stocks on the tr and yearlings $1601G 50 of thousands of individuals part weights $1645 yearlinga who have been their $17jS0 fed heifers $13001425 capital exclusively employing tradin stock ' qra63 heifers $875Cq)1025 grass ing for nearly a year cows $75087j5 cutters $575 The last issue of treasury 8 00 $7 'a 700 westerns three times over subd prabtical top veas $15 00 is now- quoted at a scribed and 00 50 feeders ©13 $10 slight premium in contrast with yeafilngs $133 51 a discount on all the others that !Shjeep— Receipti 2000 Compared have been brought out for the purweeU ago: Fat lambs strorr sheep of refunding the thirl Liberty pose steary better graces feed'ng lambs This happy situation Is due 25c jto 40c higheir others weak r ot rate Pt which only closilng bulks follow fat wooled the notes vre high seld but the Imlambs $1300l$2a fed clipped provement in the money lambs $12251235 fat ewes since they were first offerr-- fUuation to the $55§0i650 week's top $685 public The sentimental effect of lambs $1250® this on other high grade Issues has feeding ringe week's 1300 top $1350 feeding been most favorable ewes $350525 ewes suitable ior one year service up tc $700 solid mouth' ewes up to $8 475 three year old ewes $10 f'0: yearlings $1250 ewe lambs $1300© i Clovse: ' f r yheat — December tlljiH asked May $120 askedj — Corn December 81Aie askied: Mar asked ! J I 5c j -r-- -i Oct (CHICAGO —20 — AP' - WWe— Nof 2 hard $lilf3U4 northerni spring $100 Corn— No NoJ 2 white Qati —No No! 3 white IyefNo 2 yellow ex-tre- 1107 0G $1 $107 3 2 white l44 41 42 $1)0 vac No 44 4c c Nn 4 93c uaritey— &of 90 Timjsthy seed— $5 30 Clovjer seed— $2200 ?0 50 Lard — $11 27 J -- RlbSr--$1- 400 Belies— $1375 - er No 2 dark hard nomlnclly $109 1129 No 3 dark hard nominal INVESTMENT ly $105 ©126 No 2 hard $106 3 No SECURITIES No &109 2 red $131 3 No $102110 $117127 Close: December $107 May (A reported by J A H ogle & Co) $1141M i INDUSTRIALS unCom — Receipts 13 cars I changed to c lower No 2 white Bid Asked No 2 Nominalnominally 98® 99c i com $ 140 160 Sugar ly 97 98c No 12 yellow' nominally Amalgj do pfd 6800 7200 No 3 nominal'y 97® Bertef 9898'c iial Life JJ 7200 7600 28c? No 2 mixed 94 & c No 3 94c C04 595 620 "tagoii Close: December 74?4c May Colb Steel com J 1375 1476 76 c J dio pfd 9650 98!i 6J0 5 uncam Oats — Receipts or 10200 Dixie 100 Power pfdi 2 No white nominally changed ii 80 60 Coal Indlepeyidenjt 424 430 No 3 nominally 41 Va tori 20000 21000 Lay Sugar 42c 150 0( 154i00: Mt!Sts!T &T Rye —Nominally 9495 Sclrramm Johnson — C 4c £5 60 Barley Nominally I J 10350 10550 pfd 55 Coal !i61 Stajndalrd -— — TOLEDO Oct '20 (AP) Utah Fire Clay 7100 7404 Wheat—No 2 red $145146 Uth dahb Sugar 2 Corn— No yellow comnion 130 i46 108 No 3 yellow $101(102 ao pra 775 800 Oats — No 2 white 46 3 47c Utah Home Fire Barley — No 2 67® 68c Ins 30510 31500 2 $113 Rye-N- o Utafh Oil RfS 1025 950 — Clover see4 Cash domestic Utah Jtfr & LA " pfd $1820 October - and December 10909 111 00 $1840 asked: Januarj' - $1880 6s pfd do asked February $1900 cash im Walker Br ia D G 9900 101 U00 : ported $1425 - asked Tanuary Co 4 9900: 10100 $1500 asked Z C Ml I 10400 105 00 Alsike— Cash new $1970 December $1990 BONDS Timothy —Cash old $270 new Bid Askfed $280 December $300 Anialg Sugar 7s OJ1AHA Oct 20 — fAP) — 1 1937 10475 105:75 Wheat — No 1 hard $108 No 2 Columbia Bteel It 2 ' No hard $1040107 19i7 hard 9300 1400 looyoo f -iri-' Coiiti Natl iBank Hogs-Stea- dy smutty $105 to 10c higher top Com— No 1 yellow SRc No 2 10000 104100 $950 on 270 pound butchers bulk Bldg 63 1927-3- 4 yellow 93 c No 2 mixed 93® Chief Con 7s 194 10400 10600 200lto 300 pound "butchers $915 94c DaVid jEcclCS 9i35 bulk 180 to 200 pound ' 1927-3- 4 10000 10450 lights $900® 9 25 ST LOUIS Oct 20— JAP) — Knlghtj Sugar Co 1927-3- 4 10000 10400 LOS ANGELES Oct 20 — (U S — Cattle— Receipts Morgan Canning 4600 D in It for some months to encour7:s 1?38 104L00 steer A)steady 10100 to 25c 15c bulls age those who had bought railroad Mutuelf Creamery fehe stock 25c to 50c lower higher stocks on the theory that ' they 1927-37s 8 9400 10000 bulk steers 13 fOt $9 5b top would be worth more In the con- Nihleyf Stoddard stock bulk she $12i70 $750 trol of some stronger system RailLumber 7s 1927 975 top cows $1000: heifers road managers themselves have' not 3i 10000 10200 butters $10i65 $4C0®465 ' U assisted the merger movement by Ogden Tortland caltes receipts 1400: uneven veal-cr- s the way they have dealt with their Cement 7s 1928- scarce firm calves especially case and have created a prejudice 3j2 10000 103 00 plain kinds numerous 50c and more In tho interstate commerce com- Rocky Mt PaVk ' bulk lowr $9501325 mission by appearing to put their 10000'! 7s 00 95 Corpi j Hogs?— Receipts 200 steady part personal profits above public in- St iL & Og Ry 5s 152 pound California $1200 load terest in the unification of com4400 4800 for week receipts 4600 around 75c lines Val R R peting Suihptr week's top paid at close G"s higher It may now be stated that the 97 00 10050 IP 27 )'" $1225 — commission realizes the ineptitude Stepto Livestock Sheep Receipt 1550 all lambs 4i3 of its policy in consolidation mat3 01 r B 0 9900 steady: bulk Iambi $10501200: ters and the justice of criticisms S L & j Utah Ry 5s three decks 90 poiind shorn lambs 45l00 1944: that have been made of its lack of 3500 choice ewes I $1025 medium-tS L Terminal Co adershlp in bringing mergers to quoted 6s 1925 $5000700 the point where they: might be 6300 57tQ0 jj —('' seriously discussed and permanent- Sptingville Maple "t ton £ugar 7s ly dealt with Consequently a 1927-3- 4 number of the commissioners are 9900 10150 Power attempting to remould the entire TeUuriide Co 6 1938 100 09 10200 consolidation scheme following the MINNEAPOLIS Oct 20— (AP) tentative plan outlined some years Utah Hotel 7s ' 19 42 —Flour— Unchanged shipments 10500 It is expected that concrete Utah-Idahego 10600 o 43733 barrels Sugar suggestions will grow out of this — $28 50 29 Ojk 6s 1928-4- 0 within a comparatively short time 9300 iooso! Bran - c4 —— 1 :' j There Is a demand if not torn the Utah Lt & Pr 4s t 1930: 9775 and public certainly from railroad MOURNERS HIRED stock holding interests that some- Utah Lt & Tr 8s X934 CO 105 10100 be laissea done and that tht thing WEEP i' FOR DEAD TO 9350 9550 fairs policy of the commlrsion In Utah Pr & Lt 6s ' t— do 6s 2022 10400 10600 this branch of its responsibilities Virtue KOSSOVO Macedonia— (AP) — Cliff Bldg be abandoned s! 1928-3- 9 Moslem funerals have clung to If Mr Hoover is elected he will 10(50 10700 age-old customs In the- face of T more a take probably aggressive i BANKS movement to westernize evthe stand for consolidation and for the I Bid erything out as Asked as of well the working spirit The recent service honoring a the letter of the transportation act Bankers Trust 18500 landed proprietor of this region for one of the achievements of his Columbia Trust 8250 10000 Is an example At the head of official career has been ' that of Coatl Jsatl 13000 14000 the party walked a motley group bringing together! conflicting inter- Deseret Natl 28500 29500 of! men and worn eh loudly shriek ests in the same Industry Deseret Savings 20500 21500 lamentations sobbed Ing They Apart from these matters the First Security toro their hair knocked railroads are doing" well with recCorporation 12500 13500 heads against the? walls and their gave ord car loadings increased gross National Copper 130 00 14000 other evidence: of sorrow and net monthly earnings and the Utah Stat© Natl 26500 28000 They were hired mourners and prospect of the highest percentage Utah Sav & Tr 15000 16000 had never known the dead man of earnings to capital ln'estment Walker Bros 19800 20500 The current rata allows them in any recent year except 1926 Ziohs Sav & Tr 31500 32000 about 80 cents for a funeraL - 1 I i me-d'u- f07 i stock-orsj&n- i f i I 1 5s j 6s 1 i i i ! v ( ii " C--i FLOUR - 4s to-th- d 1 i 1 - ) I ' Crown Point 12 33 09 Cardiff Croff Chief Con Daly East Utah 34 395 150 21 20 03 00 07 10 Emma SHver Empire Mines Emerald Eureka Mines E Crown Point 03 01 10 30 12 03 03 35 39 40 - 03 03 E Tin Coal E Tin Con 157 59 325 Eureka Lily Eureka Bullion Eureka Standard Gold Chain Great Western ' Howell Iron King Keystone Kennebec' Little May Lehl Tintic Leonora Magnolia Lead Mammoth Mountain View Mason Valley Monarch Lead 162 60 350 04 04 06 04 06 04 90 91 25 35 10 10 04 07 05 55 05 07 60 145 i04 175 03 70 Michigan Utah Montana Bingham Mineral Veins Naildriver New Quincy Nonstandard 08 03 03 06 11 04 31 35 77 06 79 765 08 71 1100 1000 150 Prince Con Pioche Bristol Provo Rico Argentine 200 01 i 06 07 100 65 49 17 00 Standard Syndicate Silver King: Coal Sioux Mines Silver Shield Silver Standard Three Kings Tar Baby Tintic Central Tirrtic Giant Tintic Standard Utah Pete Utah Con Utah Lead Victor Con West Toledo Walker Mining West Gold Yankee Con Zuma -- 85 12 ' 12 Plutus i- 07 07 50 21 01 1325 1350 44 ' 47 10 1 05 03 08 05 01 03 : 05 02 04 94 02 15 10 09 00 i01 182 180 04 09 814 84 81 82 H 85 85: 43 44 45 421 : ' May Bid j Asked - at i March 03 03 Ashley Valley ' 0S 04 BigSixi 05 08 Black Mt 00 Colorlver 01 04 04 Crescent Eagle 06 07 Diamond Oil 02 04 Equity Oil 13 Mountain 10 States ' Utah Oil Ref 975 980 Utah Southern 295 336 October 20 1928 OPENING SALES Bingham Metals 8000 at 4c Central Standard 500 at 9c Crown Point- 7500 at 12c' 2 00 at 12c'h Croff7 3000 May CORN: Dec May OATS: Dec OILS I March ' March 04 03 03 08 High (Low 114 12i 119 121 jl20 Dec 01 03 35 9c RYE: 100 103 105 Dec d Rep Ir & St 2D— (AP)— Ta- - Reynolds Tob " Oct ble: WHEAT : 1375 00 FUTURES CHICAGO 05 1350 90 126 91 267 76 1 179 170 19 87 8 192 163 191 1J1 p 43: 44 100 Close 183 5i '85-132 131 64 125 SO' 85 28' 431 85 49 171 218i 108 119 106 101 294 130 138 85 139 66 309 36 179 69" 181 71 42 43 44 Dec 4 1275 1215 Oct Nov Dec t 1137 1152 1190 Jan March May 105 1125 1L40 1182 RIBS: BELLIES: 4- 71 346 90 1175 W j 73 102 96 50 48 64 42 68 78 226 101 26 81 147 157 29 121 '61 54 4 87 82 67 72 23 141 189 200 132 40 161 T9 43 107 0 Willys-Overlan- 202 I 37 Burroughs Add Mch Calif Pack Elec Pow & Lt 1 Goodrich IB FJ Co Tire ivrait uneese r Kresge Co Lambert Co Nat Cash Reg If' Richfield Oil ofiiCalif Stand tJaa & Elec Western Union jpel 170 ( 37 82 21 ell J 63 79 132 96 48 'H 157 Chief Con 100 at $380 400 at y NEW YORK Oct 20 — (AP) — $390 Curb quotations: Close Emma Silver 300 at c 17 East Crown Pofnt 12000 at Sc Continental' Oil 112 Electric Bond & Share Eureka Lily 200 at $160 do pfd :ios Eureka Bullion 200 at 61c 400 66 Electric Investors at 60c Gulf-Oi- l 125- of Pennsylvania CHICAGO Oct 20 — "(AP) — East Standard 2000 at 15 Butter —Unchanged receipts 8783 Iron King 100 at 89c 600 at Hecla Mining 4 New Bradford 90c tubs 190 Prairie Pipe Line "Kehnebec 1000 at 10c Eggs — Unchanged receipts SS21 37 cases v Lehi iTintic 6000 at 8c 3000 at Standard Oil of Ind j 6500 at 12000 at Leonora 1000 at 1000 at BUTTER EGGS '' 3c -- !i t j 7c 7c 5c 5cNew Quincy 100 at 78c North Standard 1000 at 1000 c 7c at SAFttTV c FIRS ARSHIPS PLAY ENVOY Service— j Savings Department Checking Accounts Interest 4 j Foreign Exchange Trust Departmenti- Safety Deposit Eoica Trunk Storage 6e r - Every worker knows that jsucH things as disablement unemploy- ment old age and emergencies ex igt" And thos6 who are wise guard against misfortune by depositing part of the pay envelope inj tho bank every week ThcBank needs the "Workingman and tho "Vork-ingma- n needs the Bank We're at your service -- et tries'' is the slogan of South : China merchants who are seek ing to stage a commercial comeback from the lean times experienced during the i past year Cooperation with the government to eliminate communism harmonious terms with labor eliminate the foreign middlemen with "Chinese "and still other phrases are being passed about throughout th© province of Kwangtung as Canton's merchant princes seek a trade revival and the prosperity that has not been Canton's for years At a conference of delegates from provincial chambers of commerce held here and attended by 30 representatives from all parts of the province appeals were made for unified efforts toward a general trade revival 8595c SALT LAKE CITY Oct 2Q (U shipments: A) — PotatoOctober 19 — Total LY S shipments 1077 S D - - Principal states-- California 40 Colorado 65 Idaho 86 Kansas 23 Maine 232 Michigan 64 Minnesota 154 - Nwj Jrey 19 — Long Island 70 North Dakota 92 Oregon 18' PenhsylvahIa 39 Washington 64 rTVisconsin 64y NATIONAL BAN! OFCOMMERGE -- — I J 3s 4s 4s Treasury Us First Fourth Close 9815 7i£7tfm 101 1012 11118 4 OA r4AA AVVAV 10314 r h it- )— t Treasury 4s Treasury 3 Ais Treasury 3 s '' OGDEN 'UTAH LIBERTY BONDS NEW YORK Oct Liberty bonds: "it Save for the Future POTATOES CANTON — CAP) — "Trade revival and promotion of native indus- : 75 J Kelly-Springfl- 64 "178 Vanadium West Maryland West in gh Elec j d Wool worth Yellow Tk 39 43 tV NEW YORK CURB I - i O I! KJ IJ U S SteeJ 1340 1270 1250 - i Studebaker Texas Corp Tex Gulf Sul Tex pac Ld Tr Timken Roll Br Union Carbide Union Pac J U S Ind Ale 81 82 85 i May LARD Oct Nov Dec J02 illl93 St Oil Cal St Oil! NJ St Oil NY 113 118 120 100 103 105 1127 1127 1142 1185 1197 1220 March Sears Roebuck Sinclair Con Oil Southern Pac " n 1 2154 j 06 07 750 North Lily National Treasure Ohio Copper Park Bingham Park Utah A 109" H 75 I 229 -- 05 130 Moscow ' I 20-Ne- j I 09 50 East6tandard So 15 387 U- 4- 1 1 — 4: — NEW YORK Oct York stock (close): t—L r ah 'J Am Can Am Car & Fdy Quality of Steers On Ogden Am Linseed Market Not As Good As Am Looo Previous Week Am Sm 4b Ref Am Sug ly STEPHEN BRAY Am T & T U S Department of Agriculture Am Tab "B" Summary of Ogden livestock Am Woolen market for week ending Saturday Anaconda Armour "B'(' J October 20: Atchison Steady prides prevailed through- Atl Cst Line i out the week in the cattle yards Atlantic Ref although thejquality of steers was Bait & Ohio not as good !as last week's offer- Beth Stl ings Twelve dollars was paid for Canadian Pac one short load of good bef steers Ches & Ohio but $1125®1140 took the bulk Chic M Stp & Pac pfd of the steer lupply averaging 1000 Chic & N West pounds and Over Good ai d choice Chic Ri & Pac feeder steersUn car load lota were Chrysler Colorado Fuel Meplentiful at $1050112J5 dium and good light feelrs in Colo Gas & El J small lots and part loads went over uona wis the scales at $900® 10 25 with Corn prod odd head pf undergrade kinds Dodge Bros "A'l downward to $800 One load of Du Pont De Neiti good and choice light heifers Erie brought $!0il0 while the bulk pf Flelschman Freeport-Te- x good kinds went at $9 '25® 9 7 5 Gen Elec FOR BEST COWS The "best cows in loadvlota cashed General Mot at $9 00 and numerous loads of Gen Ry Sig good grade Offerings ranged from Gillette Saf Raz The bulk ©f medium Gold Dust $82587§i cows were old for $6 50® 7 7 5 Gt Northern pfdi and both grades of cutters at $450 Gt N Ir Ore ctfs 600 Bull prices ranged from Greene Can Cop f $725® 8 004 and veal calves from Houston Oil j $1050912$0 Receipts for the Hudson Motors week totaled 7096 against 6631 HI Central last week' and around 5000 last Int COm Eng year lilt Mer Mar pfffl HOG MARKET The week's hog market started Int Nickel with a 25c advance over last week's Int Paper close and a $1000 top on choice Inter Tel & Tel butchers wajs maintained for threi San City South days This (was lowered to $975 Kennecott on Thursday's session however and Mack Truck the week iff ending at about last Marland Oil week's closing: level The bulk of Mo Kan & Tex butchers Missouri Pac i light and mjedium are going at $975weigrt with under- Montg Ward i weights dovfnward to $9 no and Nash Motors i most packing sows at $7 50 8 00 NY Central NY NH & Htfd LlUIBS SOLD The sheep run was mostly on Norfolk & West American through billing and local pales con Nor sisted of a few loads ot feeder Northern Pac J lambs and Odd lots at prices about Packard Four Pan Am Pet "B" steady withj previous safe decks of feeder lambs -- averaging around 60 ppunds cashed tt $1175 Pennsylvania and trucked in lambs at $1000® Phillips Pet I Postum 1100 -- oPullman Radio Reading Rem-Ran- Park! Utah 100 at $1050 Rico Argentine B00 at 49c South Standard 500 at 18o 100 at Silver King Coalition $1337 Tintic Standard 100 at $1862 ROLE OF 10 at $1376 Walker 100 at $1820 100 at $182 BUENOS AIRES— (AP)— With Giant 800 at 92c 1300 at the arrival in the River Plate of 93cTintic 6000 at 94c the British warship Capetown the Tintic Lead 2600 at $250 white ensign of the British navy 17 at 20c 600 at 21c Utah East has appeared in the! harbor of North Lily 25 at $765 100 at Buenos Aires - five tirttes in less $760 than four months Mineral Veins 6500 at Meanwhile no t United States Three Kings 4000 at 6c of warship any class ha visited Treasure 2000 at 80 National the east coast of South America Afton 2000 at $145' 1000 at this year and the next appearance of the American flig on this $147 OILS continent will be in April 1929 Colorado River 1000 at lo' when the Pacific fleet plans to Utah Oil Refining 182 at $975 come down the west coast as far as Valparaiso Citizens of the United States residing here bejieve that their country might take a leaf from the Blrtlsh naval book Frequent visits of singleh era ft or email CHICAGOOct 20— (U S D squadrons are considered more A) — Potatoes— Receipts 158 cars beneficial to the cause of friend- on track 44 cars Total U 8 shipments 1077 cars ship than rare visits by the-flerather When British warships are in slow market bauottrading steady Wisport th yare usually thrown consin sacked round "white 60® 90c 85c Minnesota open to the public mostly around-80and North Dakota sacked round whites 65® 90c mostly 80 90c CHINA ASPIRES TO sacked Red river Ohio 90c100 ECONOMIC REBIRTH South Dakota sacked early Ohloa " I1 1 42 35 Alta Mich 01 03 Alta Con 01 02 Alta Tun 04 Alta Merger 04& Afton 145 147 05 06 Bullion 16 18 Big Hill 03 07 Black Metals 4500 5000 Bingham Mines 03 K 04 Bingham Metals 09 09 Central Standard 05 03 Colb Recall 05 04 Cohibined Metals 08 07 Colorado Con ! f es f er -- ar - Standard-Examin- l LISTED STOCKS Bid I Asked i NEW YORK STOCKS PRICES STEADY Quotations Famished by A Ilogle & Co Salt Lake Stock and Mining Exchange J Easier — CATTLE YARDS' SALT LAKE MINING STOCK SALES - i Standard-Examin- 5— B R 99 ''- - - safet Firt " I esrrr11! |