Show I FINANCIAL AND COMMERCIAL WAR AR SPECIALTIES AGAIN IN DEMAND AT AT RISING PRICES Vew fW w York Mn May fn 22 Judging from thie te fc course coure of ot tOd today's s stock market markt hn H Direct treet or at t. t least the sp speculative fraternity Is 18 proceeding on the theory theor that ht Italy participation In tho the war Is calculated to horten tho the conflict This r theory ory fi In II hardy hardly to be bc reconciled how- how with tho the fact tact that the tho most mot r wih of ot the brief brier notion were aln ln in made by the tho war specialties crucilia crue cru- cru cilia tUJe In e su ste l 1 and I 8 Steel Heel lead- lead Should the war ar come comp to a 0 speedy Ing for that demand I It IL Is 2 end munitions and other supplies of ot like Iko I would be he materially reduced Steel which n made dc a maximum c n of Ot tho the 4 48 1 points first hours hour's contributed business 25 5 5 per ctt t to tnt entire list took toole part In tho the rise rifle Th Tho was entre active In the first thir- thir biCh te Jv wal after which trading dwin- dwin ir tl STed dIed minutes minute with some somo effect on values ulue In Innumerous I Instances higher prices were numerous hut but general In the second hour made Session i from the best ruled at the close Bethlehem Steel yielding all ni Its Is cose of oC anti American H Reports an at nt Berlin caused some somo te Total seilIng Ale sales of ot stocks amounted to London wa wS observing a n holiday so soth 10 loco local I market was wal without guidance th tb tb that quarter Private cables cabIe from Crom from tom and other international centers center International light upon the throw thew w no but In local circles th the bellef be- be lwi Germanys Germany's reply to tousia that prevailed mf ills usia pre led government o the Lust Lual- tania Incident would pave tho wa way to a n tetter Ieter r understanding between n and BerHn ton tOi The Thc s statement of or the president of ot The the United States St.-ol St. tl cl corporation th that t tte tho the outcome of ot the compan plant has Increased to 75 per cent ns as ni the 41 U per tier cent of or last January W was va s doubt doubt- Ion lu responsible for tho the strength of ot steel Mercantile n agencies also reSorted reported re- re i hAre Sorted ported Ue more favorable In lines Kansas crop reports I Jnes n a wheat yield leJ of oC SO per cent hows shows a n depreciation of at almost 13 per tent nt from last months month's estimates A moderate loan contraction and a n Increase of or reserves were the tho small only features of oC the bank statement which failed to disclose an nn expect expected cd I gain aln or of caidi steady stend with total sales Sale Bonds Bond were wih par value of oC t United States coupon and anI registered 3 1 the Ithe ii advanced ad week J 1 per cent on call cal during iv STOCK LIST NI 1 Sales 1 II 1 I 1 L. L 1 Cl CI Gold 2800 36 36 mal latkA Copper 67 Gi 66 66 American Ii S. S 1006 16 6 4 45 6 merican l. l CAn 36 34 35 S. S n. n 1900 67 GH S I 10 10 1022 S. S It I. I f I 00 10 10 R liD American T. T 1 19 m Tobacco 19 26 Anaconda Mining 32 Ill 31 Atchison 1000 99 99 Baltimore Ohio 1200 73 73 3 Brooklyn It T. T 00 87 87 87 Si SiC C California I Vet let 1000 16 15 1 15 Canadian Pacific 1100 1603 15 S 1591 Central ruther 2900 00 66 61 Chesapeake 0 41 10 40 oa o G. G IV Chi M. M I. I St. St P. P 90 90 ChI Chicago N. N 16 Chino China Copper 60 44 4 43 H 44 Cob Colo Fuel Iron JOO 7 27 n 27 Cob Colo Southern 29 D Hlo 1110 G. G i 29 13 Sec iGi 16 16 II 26 5 5 General Electric WO 1531 Great N p pfd 00 1 1171 H 1 1171 H 1171 17 Great X N Ore Ole 1100 32 Gug Guggenheim Ex 00 60 illinois Central Central pfd HO iO 70 70 0 Inspiration Copper Inter 9 Kansas City S. S 1000 1 26 G h H U louisville Mexican P t. t 70 69 70 70 Miami Copper 1400 25 24 21 Mo Io Kan Texas 1 12 12 ln han Pacific 1900 1 12 12 1 Biscuit 10 National Lead Tead 2100 61 Gl 59 GO Nevada Copper r 15 1 IH New York COlP 14 1 N V. V N. N It 11 Norfolk Central pIn 1 AA 10 IOU 1049 Pacific Mail ii 23 22 22 Pac i Tel Tel 21 I P Pennsylvania 00 1061 Pullman P. P C. C 1 nn flay Con Copper n 1141 1 11 1411 1 Rep cp Iron Steel 2400 00 S 8 28 28 S nock flock l Island Co 1 Preferred 1 I 00 1 1 1 1St St St. 14 S. S I 2 I. I I I 51 Southern SSI 88 88 Southern Souther Hal a tC T Tennessee Copper 1900 33 34 ut Tex Texas s Co 00 12 12 Pacific 1261 1251 Ulin U. U S. S Steel 5 55 Preferred 1051 Coper n 65 1600 i 1 1 91 1 UnIon 67 66 61 Westinghouse E. E 97 91 5 I 96 f Total shares sold soh for tor day RESI RISERi nl U. IC TIn ST. T. T 2 Washington May laY Gold coin and Certificates In the hands or of federal reserve re- re serve banks increased during the last week more than 2 according to the of oC their condition 21 toda today b by the federal reserve b board rd It I shows RESOURCES S. Gold Gol coIn md and certificates tender notes nots sl sliver vcr CertIficate and subsidiary C coin ln Tot Total l BIlls Bis discounted and loans loans- loans within 30 days 60 days das 12 Other Othy Total 5 3 6 8 2000 from other federal reserve banks othe reser e J Items In transit 5 6 91 1 other resources tal resources resource 10 LIABiLITIES i. i C paid Iti II 8 FU R re e deposits Hi reserve reser notes In InA circulation net liability A MI other I-other other liabilities labUt Total liabilities i Gold COid against net liabilities reserve reer o a 13 per fler cc cent I t. t Cash ash reserve eleTt a against liabilities after eUn aside 40 O per tier cent gold Jold reserve e net amount o of federal reserve II note In circulation per cent 1 11 0 N iV New n Mercantile York May ly 22 Sterling exchange t n firm rm GO day 60 da bills i a O 2 5 f for r cables for i demand Mexican dollars r G nt bonds bonda steady r railroad nul stead steady STOCK lOCI OCI l KO May Ia 22 hog ToJ Hog receipts 1 1 weak enk Sc c lower bulk 7 mixed 73 1 Co 33 rough pigs Cattle receipts 10 steady Native athe V 0 western steers C t v 00 cows and helter heifers Q t 0 calves i 2000 stead steady Sheep It UCO lambs 1015 I LOCAL SECURITIES i Conservatism In Is II displayed in all lines linen of ot business In the United States at tho the present time says nays fays the weekly marRet market mar mar- ket Ret letter loter of ot John C. C Cutler Cuter Jr The Boston Boto News bureau says Our mony market will wi be bc In a n strong Itron position to meet r readjustments In the credit situation which will wi follow follow fol tol- fol- fol low Jow the tile war In Europe If t surplus re resources 10 ro- ro sources at command of or the banks are not permitted to leak awa away Into channel channels chan chain nels nel of ot speculation Thet financial readjustments re- re adjustments In Europe are arc likely to b bor be beof beof of or formidable character r and to Impose a n astrain astrain strain on mone money markets of ot the world more serious than since the tho first rt outbreak outbreak outbreak out- out I break of ot the storm In ear eary August In Utah n agricultural conditions are excellent the beet heet crop Is growing nicely good prices are arc heln being received ed Jold for copper lead and spelter so that trade prospects prospect are encouraging demand Local securities are In fair and supply The rhe sugar stocks stock have advanced advanced ad ad- while some ome of ot the other stocks have declined The Cutler Culler Cuter quotations follow fallow 2 D a p 0 C May p i 5 o f 22 Quotations STOCKS g 1915 c. c cor corMay 1 C n 0 00 0 j r Amalgamated Sugar Co S 8 97 AO 0 Beneficial Life Lio Ins InA Co Co 10 10 1970 Barnes Bk Co 20 ZO 20 Rank anJe of or American Fork 10 1010 10 Dank l Bank of or Heber leuer City 12 IS 1800 00 Bank Cank of or So Utah Uth Cedar 12 1 12 1960 1950 Con on Wagon WaJOn M. M Co 1 i 7 16 50 Continental Life Lire 1 Ins Co Continental National atonal bank 8 S 8 1000 Deseret National bank 1 12 15 D oret Dc-oret ert Savings bank 10 65 61 Dav Davo o. o BIt Bk Farmington 20 20 eo 00 Farmers 1 bank 8 00 First bank Layton I 12 12 HO 00 First bank Morgan an 12 1 12 I First NaIl bank O Ogden den 12 1 30 43 00 First bank Murray 8 S 8 Nat bank Logan 10 1010 10 bank Brigham 18 18 Guard C Cy Guaranty Co I 12 12 13 1386 Home Homo Fire Insurance Co 10 11 oa Heber Hber J. J Grant Giant Co 16 0 23 3 2325 25 In Inland land Crys Salt Co pfd 7 7 i Inter Inter- Inter ln Life LIte Sni In Ins Co 6 1375 l amas State bank 7 7 McCornick Co Bankers 7 S 90 00 Merchants Merchants' bank Mountain States Tel TeJ Tel company company Tel 7 i 7 Bank of oC Republic 12 1212 12 National CH City bard bank banI 6 1 National Copper bank bank 6 S 1 5 Nephi National bank bank 8 8 8 O Ogden den Savings bank 12 16 00 Ogden State bank 18 Provo Com Corn Say Sav bank 12 22 Salt Lako Lake Security Trust company compan 8 8 State Stat Bank Dank of ot Brigham 8 10 16 State Bank of ot Millard County Fillmore 12 1600 State tate Bank of ot Richmond 8 S Thatcher Bros Banking com company pan Logan 10 10 Utah Idaho Sugar SUlar Co pfd 8 6 Utah State National atonal bank 12 1212 12 Utah Savings Trust Co Co 3 Walker alker Bros lrus Bankers 10 1010 o 10 Savings Sa Bank Trust compan company S 24 Z X Tr st C. C M. M f I I. I I S 20 BO BONDS DS Con Railway Power Co city S 6 5 95 Sumpter Vale Valley railroad 6 6 89 Utah Light Railway Co city city- Halway S 5 S r 92 Utah Ll Light ht Power Co 4 4 79 Utah Light Power Co B I S 5 The Utah Sugar Co 6 6 Utah 1 Co 0 6 6 99 l 1 IV 3 1 in each Instance NATIONAL BANK LOANS IN TWO LARGEST CITIES ARE GREATLY INCREASED Washington May la 22 Loans 2 Loans and discounts dis dis- counts count ot of national banks banke In Now New C York and Chicago Increased more than 72 7 In the period between March J 4 Jand and May Ia 1 I 1 according to an ar nunce- nunce ment today by the comptroller of or the St. St Louis decrease currency luls a I of about Total In Inal all al three cities cites showed an Increase In Inthe inthe the same name period of ot more than 5 2 00 00 00 XI 11 I. I Tl T. IVI FI Now York May In 22 The 2 The statement of t tho actual condition of ot clearing house banks and tru trust t companies for the week eek shows that thc they hold re reserve 10 ro- ro serve er c In excess of or legal requirements This Is an nn Increase of or over last lat week Tho The statement follows ACTUAL CONDITION Loans etc Decrease Reserve In lii own vaults Increase v Reserve Reser e In federal reserve bank bank Increase Reserve o in ln n other depositaries tn- tn ries I Increase o Net et demand deposits Decrease Net et tune time deposits Decrease a Clr Circulation Increase Of Ot which i Is specie Aggregate at reserve Excess Ire c ref Increase 70 Summary of t state banks hank and trust trus companies In Greater New York not In Included Included included In- In In clearing house statement Loans etc 5 OO Decrease t J 2050 00 Specie Increase L Leral nl tenders Decrease Total deposits Decrease Balk Banks Banks' cash reserve reser e invault In Invault vault aul Trust companies' companies cash cuth re reserve reserve re- re serve In vault II LINSEED CO Duluth May 22 Linseed 2 Linseed cash May Ia Mal Ju July 19 I ITALY'S MUCH WAR NAR HAS BEARISH BERISH EFFECT IN IM CEREALS MARKET MARKEl Cli Chicago Ia 10 May Ia 22 Action Acton Action b by 1 King Victor Emmanuel which seemed to Imply that that I Italy regarded herself as already at war wal made wheat prices tumble toda today notwithstanding an early erl advance There Thero was an nn unsettled close lie ike le to lIe Be under last lut night porn Corn orn finished ic c to Sc Ic c down oats ants ic off oCt to toIe lc Ie up and ond provisions pro at to lic decline Despite Despie the tho fact tact that In the first half of ot the session crop damage re report reports reports re- re ports port had tid led Iel to excited buying of oC wheat flood of oC holdings 8 swept wept Into the tho pit when announcement was made that that the Italian king had signed A a measure conferring on his ministers extraordinary nary powers lasting for lor or the duration of ot the war ar On the downturn that quickly h followed In values th the sel sellers rs were said to have o Included not not only speculators but elevator eJe people millers millers mill mill- mt- mt ers and farmers as well wel Opinions from Cram a leading expert that Kansas crop damage had been overdrawn o contributed contributed contributed contrib contrib- moro or less to the rout of oC the bulls bulb Assertions that late seeding needing throughout southern Illinois had been virtually a n total failure were wera chiefly Instrumental In bringing bringing- about the wave wa o of buying with wih which the market began Besides It I was said mo most mot t of ot the Argentine reserve stock had al already already al- al l- l ready been shipped or arran arranged ed for Cor and ond that signs pointed to a good de decrease decrease do- do crease In the domestic visible supply total on Monday Oem Corn Orn advanced d and anal then receded In company with wih wheat wheat Excellent field Cel conditions tended to accelerate the final nal downward action acton of ot the thc market Oats proved relatively eh firmer than corn The Tho reason appeared to bo covering coy cov ering by prominent shorts Provisions Jacked lacked support Lower prices for or ho hogs s made mado buyers la lag Range flange of or the leading futures I Open I HI h. h I 1 Low Lw t 1 Close Cli WHEAT WHEAT- T- T May fa iti 1541 July Jul 1281 16 1301 1274 1271 Co COHN- COHN 74 ay 14 Z 73 July 1 G I 6 6 1321 OATS OATS- OJ May 52 July 1 60 50 PORK PORK PORK- Jul July 1812 1815 Sept 1846 1845 IS 30 IS 3 LARD LAnD J July u J 9 75 4 9 77 9 72 9 5 Sept 1002 1 I 1002 I 1 1000 RIBS RIBS- Jul July 1055 1057 1052 1055 Sept 1982 1052 1080 1 80 Cash quotations ranged as follows Wheat Wheat heat No 2 red 5 No 2 hard 15 5 H 6 Corn Corn No 2 yellow others others oth ers era nominal Oats Oats Oats-o. No 3 white 5 standard stan stan- dard c. c Rye Ro nominal nominal Barley Barley Timothy Timothy I Clover Clover 3 1275 Pork Pork 1777 Pork 77 Lard Lard Lard-I 9 6 2 Ribs 1037 Ill I'll O DUCK Elgin Ill 11 May lay 22 Duter Butter firm Chicago May 22 Butter Butter unhan unchanged ed EI Eggs s. s lower receipts 1927 cases nt at mark cases Included ordinary ordinary nary nal Clr firsts ts firsts Potatoes receipts 23 cars unchanged Poultry alive o lower fowls 14 IH J. J I. Ne New York May Ia 22 Z-Su Z Sugar Sugar ar futures were ere firmer on a little scattered coy cov ering The Tho close cose was at a not net advance nd of at 1 to A 1 points with sales tons o wih of ot 2000 Raw Haw sugar sual stead steady Sales mo mo- lasses 41 centrifugal Refined Re Re- j fined tined stead steady |