Show II FINANCIAL L AND COMMERCIAL 1 I BRITISH RESTRICTIONS UPON CUPPER COPPER IMPORTS i DISTURB STOCK MARKET New cw York Dec 9 Tho Tho stock market mar mar- ket leet was somewhat unsettled toda today I mainly In consequence co of ot the tho latest ruling rul rul- I. I In lug ing of or tho the British government placing restrictions upon imports of ot copper metal Shares of or that particular A lar r group grOU were depressed 1 to 3 points American Smelting Utah and Anaconda a being most moat affected Declines equally eQuall severe were regis regis- I j ere b by Important industrials equipments equip equip- ments nn and motors United States State Steel I falling failing more moro than 2 points Shipping shares phares were were- highly irregular Marine Marino preferred losing a a. point after an early carh substantial advance while Atlantic Gulf West Vest cst Indies yielded a a. considerable considerable consider consider- able part of at its advance 0 of the previous da lay day Specialties of at various descriptions i and leather and paper is issues Is- Is r sues Rue sugars and a a. number of unclassified f lied fied stocks shaded 1 to 2 points wl with wih h huch such uch seasoned shares as Reading Heading Union Pacific Norfolk Western and other dividend paying rails AJax was the only onh exception to the general Jeneral decline rising more than 6 points to the tho new ne record of Final quotations for foL man many stocks were ere a point or more above lowest levels short covering contributing to tho the Ir Irregular Irregular Ir- Ir regular rally a The h mo most inot t f favorable d developments velo or of ino Ulo ua ino no o 6 Tonnage 01 Ol uio JUU United States Steel corporation showIng showing show show- I ing In- an au Increase In unfilled orders of snore more than tons toils and the weekly week ly lj bank banic statement which disclosed ed a largo large cash gain and corresponding ex expansion ox- ox of at reserves were not available until after the mar markets market's ct's close General news bearing upon tho the financial financial fin fin- ancial situation embra embraced ed another abrupt decline In exchange o and further weakness In Tl Trade Trado 1 O advices were of ot tho the usual optimistic character though h tempered b by moderate apprehension hension as a n. result of or tho further ad advance ad- ad advance vance ance in raw and fabricated materials Bonds were lower with French Anglo 61 at al the new minimum of ot Today's sales par flar value S United States bond hond issues advanced 1 I Ito to 1 of ot 1 per cent on all call during tho w week cc k xii xi W YORK STOCK LIST I Sales I ii H. t L. L I CI Beet Sugar American Cnn Can 2100 6 62 Cl 61 Ama C. C F. F 75 76 Locomotive 93 90 lU Anui S. S n. n 1600 liC Tel Tel 18 Inn Z I. I L. L S. S GOl 57 67 Anaconda Copper 97 96 96 oo 10 1056 l 10 I 81 78 SO g 70 Brook Rap Tran 83 Butte nutte Suo Su Cop 72 71 71 Cal Petroleum 1600 27 26 Can Pacific Central Leather 10 Ches Ohio 1600 cIa C. C 67 6 C. C M. M I. I St. St P. P oo 93 93 C. C N W wl 1246 C. C R. R I. I r. r 3 38 Chine Copper CS 67 Co pr In H r. r I J. J L U oI DO Corn Prod Ref 2100 8 27 a 27 Crucible Steel SC S1 Dist Securities H 44 43 13 Eric Brio Iii 37 General Electric 2200 1801 17 Gt GL Nor or 1171 Ct Nor ore are I 43 Illinois Central 00 lOG Inter Con Can Corp 18 17 Hi 1 17 H Inspiration Copper 67 Inter liar Har N. N J. J mt M. M M. M pfd 1161 K 1 C. C Southern 2000 27 27 Copper 64 65 56 Louis ash r Mex Petroleum 2800 1089 lOa Miami Copper 45 45 Missouri Pacific 1000 10 18 18 Montana Power lOS National Lend Lead 1000 66 66 66 Neva Nevada a Copper 32 au 31 31 N. N Y Central Contral IOn 1071 1061 1069 N. N Y N. N H. H II II 7 66 Nor Kor Western Northern Pacific 1100 Ill 1111 Pacific Mall 29 27 27 Pacific Tel Tel 35 Pennsylvania 1000 56 6 56 Ray Con Can Copper 33 32 32 1091 1091 Rep Iron Steel 86 8 87 Copper 33 32 32 Southern Pacific 1500 96 Southern Railway Hallway 31 30 20 30 Studebaker Co 1400 1201 Tenn Copper 2 Texas Company u I 2021 2026 2021 Union Pacific 1 1151 1 Preferred I 1 2001 84 83 U. U S S. S md Ind Alcohol COO 1371 1351 U S. S Steel 1 Preferred 1212 Utah Copper 1231 1201 Wabash pfd B 2500 31 na Western Union 1021 Electric GU 61 61 Total sales for tor tho the day shares York lork City Banks Banks' Excess Reserve Increases I More Than i New York Dec 9 The Tho statement ot of the actual condition of ot clearing house banks and trust companies for or tho the week shows that the they hold reserve and excess of legal requirements require require- meats ments This is an Increase of ot 3 over last week The statement follows follos ACTUAL CO CONDITION Loans Loan discounts etc decrease In own vaults of ot which 3 Is IR specie In Increase Increase In- In crease Reserve In fe fedral ral reserve bank increase Reserve In other depositaries 53 decrease Net Net demand deposits decrease Net time deposits U in In- In cr crease ase Circulation decrease 1 Aggregate regate reserve resene Excess ss reserve reser Increase 30 Summary of ot state hanks and trust companies In Greater Now ow York not In Included Included In- In eluded In clearing house statement Loans dl discounts counts ct etc In In- In crease Specie increase 1024 1034 Legal tenders Increase 1900 Total deposits decrease Hanks Banks Cash reserve In vault nult 14 14 Trust companies Cash reserve reserve Invault in invault vault IO I New ew York Dec 9 Mercantile paper paper pa pa- per Ier 4 Sterling day Sixty day bills commercial commercial com corn mercial day GO-day bills on banks commercial GO- GO day CO-day ay bills 71 demand cables cable 7 lG Francs Francs Demand Demand cables 8 Marks Marks Demand Demand 1 cables Kronen Kronen Demand 11 Ill cables ng ii Guilders Guilders Demand 40 to 1 ca cables 40 13 11 Demand Lires Demand cables Rubles Rubles Demand Demand 29 cables 29 J. J I Mexican dollars dollars dollare 58 t C New ew Yo York 11 Dec 9 Evaporated apples ap ples pIes steady prunes firm finn apricots and peaches firm with lJ light ht offers raisins I tead toady 1 LOCAL SECURITIES r L r John C C. Cutler weekly market review sa says The Tha holiday trade trado Is Inc Increasing In volume from day to da day In tho the different different differ differ- ent cities of or Utah Tho The excellent prices r received from the sales of at the products of ot tho the farms tho the factories and the mines have havo given ghen tho the people more moro mane money to spend this season The Amalgamated Utah-Idaho Utah annd nn and Lay Layton ton Sugar companies are actively engaged aGed in manufacturing sugar ar and the tho seasons season's run will bo be quite successful success success- ful tul for all three companies It is said that at a a. general mootIng moot meet In ing of at the lie Su Sugar ar Factories Factories' Association of or the tho German Empire tho the president of the tile association gave gayo the following eta sta on the tho sugar situation On Oil Sep- Sep temper 1 I 1915 1916 the stocks of or sugar were vero I between and tons and tho tim production of at first products product WRY was tons the tile products being used for cattle c food tood otc etc This gave gao a total supply of ot tons tone for tor human consumption con con- consumption Under normal conditions tho consumption of at Germ German Germany iny was practically practically 1 tons an and hence tho the appeared sufficient However 1 for Cor tho the campal campaign n year ear 16 1914 the consumption consumption consumption con con- reached the tile figure of ot 1600 tons tollS or sa seven forty say 53 per capita against two forty two pounds before be be- bo- bo fore foro the war var In 16 1915 the the erle for consumption have havo further Increased and there were some months when the tho consumption showed an Increase of or 50 60 per cent from the same months In normal nor nor- mal years This Is wh why tho the association recommended immediately a a. largo large In Increase In- In crease creaso in III the tho sowings of or the tho I for or However tho the measures adopted opted by Y tho government have not Jeen to 10 obtain tho tHe flu full tull Increase in increase increase In- In crease desired and the tho sowings wore not more than 25 p per r cent lower than tho tue amount sown to beet roots before the war var Under tinder such conditions wo we cannot cannot cannot can can- not look for a crop ClOP nn all any larger or han Wian to tons which will permit a consumption of ot six forty to seven forty-seven pounds per lIeI capita It Is reported that tho the tonnage of ot beetroot in France Franco is bettor than that I of last year car For Fol ten months ending ending- October 31 the tile United Kingdom I Imported 1401 tons of or raw an and refined sU sugar sUt t There has been a fair demand for tor local securities during the tho week Utah- Utah Idaho Sugar SUs-ar company's comp stock sold soM up to 29 2910 10 and then thou dropped back a a. little 7 A. 7 C. C M. M I. I I. I Homo Home Fire Insurance compan company com corn pan pany stocks the bank stocks and most moat of or t the tio 10 bonds bonda on the list are arc holding at steady prices Cutler quotations follow D p P e. e PE eg o A E a u ua a 3 0 l Cs C's to o STOCKS g s. s r 00 at Co Amal Sugar Co 1 12 1 Beneficial Lifo Life Ins Co 10 10 13 Bar a r n a e c s Banking Co I 10 20 Bank ot of AmerIcan Fork 12 l 12 Rank Flank ot of Hober Heber City 12 12 2000 Dank of at Southern Utah I Cedar 12 12 1900 Con Can Wagon agon Machine Co 7 7 Continental Life Lite Ins Co 1 10 Continental National Bank 8 8 9 Deseret National Bank 13 12 15 30 00 Savings Bank 50 Davis County Bank 20 50 20 0 Farmers ers ers' First National Dank Bank Ogden 20 First National a Dank Bank Murray 8 10 First National Dank Bank Brigham ham 18 18 IS 18 Guardian C Cy GUaranty GUaran- GUaran ty Co 13 12 12 1485 Hober J. J Grant Co 16 20 O 2800 Hum home Firo Insurance Co 16 1 14 1 Hotel Utah Operating Co 10 10 0 I 1 0 0 Inland Crystal Salt Co referred 7 7 7 Inter Inter- Mountain Inter Life Insurance In- In Co G 1326 Kamas State Bank 7 7 Knight Trust Savings Bank Danle Provo 6 6 6 1100 Layton Sugar Co 12 McCornick Co Bankers Bank Bank- ers 17 Merchants Merchants' Bank Bt Cahoon Miller-Cahoon Co Murray Mur- Mur ra ray j 8 Mountain States Tel Jal Co 7 7 7 National Bank of at the Republic 12 12 1600 CIl City Bank 6 G 6 00 National Copper Dank Bank S 5 5 00 Nephi National Dank S S 8 Og Ogden en State Dank 20 18 Provo Corn Com 8 Savings Sa Bank 12 2 22 Salt SaIl Lake Security Trust Co S g 8 State Dank Bank ot of Brigham City 15 lG 15 State Bank or of Garfield 15 18 2000 State Dank Bank ot of Millard County Fillmore 12 9 1600 State Bank ot of Richmond S 8 S g Thatcher Bros Banking Co Logan 10 10 Utah Fire Clay Co 6 a 4 Utah Idaho Su Sugar ar Co 12 11 2835 Utah Stae Nat Dank Danle 12 1 Utah SavIngs 8 Trust Co Walker Bros Bankers e 10 11 Zions Zion's Savings Bank Danl Trust Co S 24 US 00 Z C. C M. M Y S 8 20 BONDS DS AHa ita club 6 6 00 Con Can R Power So City 1921 5 15 G 5 Salt Lake Lako City refunding 1921 1921 4 06 Sumpter Valley Valloy railroad 1927 8 6 8 6 99 Utah Light 8 Power Co 1930 4 86 Utah Lt Light ht to Power Co l 1930 JO 6 5 96 Utah LI Light ht Railway Co 1934 S fj 5 so Utah Hotel Co 1921 6 6 Utah State Capitol Building 1934 4 Utah State Capitol 4 1935 H dl HI 21 j i 17 l- l In each Instance Add accrued Interest to quotations on bonds bonds- SUG Alt New r York Dec 9 Tho Tho market mt for sugar futures was quiet toda today with trading conti confined nod entirely to tho January January Jan Jan- uary positions Operators generally Inclined to hold off ott and aW await It developments de In tho the spot market with tho the close unchanged to 3 1 points net lower Sales were 2500 bags baS most of at which was In tho form torm of ot exchanges January March Ma May 06 July Jul September Raw sugar sugar Dull Dull molasses centrifugal refined dull fine granulated l' l PRODUCE EI Elgin Eigin ln Ill Dec 9 Butter I. Butter 25 tubs not fit 37 Chicago Dec 9 Lower Butter Butter Lower creamery l Receipt Jg 1065 cases un un- un- un changed g ed Potatoes Receipts Potatoes Receipts 30 20 cars un un- un- un ch changed a n god Poultry alive alive Unchanged Unchanged FLAX X Minneapolis Dec 8 Flax a. Flax U l 91 WHEAT NEAT PRICES BUlGE ON PREDICTED REVIVAl OF EUROPEAN DEMAND Chicago Deo 9 Forecasts ef ct a return re return return re- re turn of ot foreign buying helped to bring about a bulge in ill wheat wheal prices during tho the l last hour tOda today notwithstanding that throughout tho tim rest of tho the session the market had been weak Tho The close was strong c to not net higher with May at 1771 to 1771 and Jul July 14 1491 to 1491 1498 Other OIlier commodities lUes also gained gained- I corn lie lIc to oats Ic o to ie and provisions pro pro- visions blons to Mc Dull Bull leaders who predicted a a. revival re ot of European demand for wheat made tho the contention that a n decided Increase of at ocean freight tonnage was waR In prospect and that the cons congestion of at eastern astern railroad facilities soon would be bo overcome by tho the str strenuous methods I which were we're being used to relieve tho situation It was waA while this sort of ot talk tall W was S most mo-jt prevalent that shorts who were disinclined to face taco risks over Sunday Sunda attempted to collect profits on numerous early earh sales An unexpected lack of or offerings speedily became apParent ap ap- ap parent and arid a quick juick upturn was the tho result with ith tho pit disregarding the tho bearish factors which before had ruled rule tho the market mallet notably the submarine submarino Is Issue issue Is- Is sue with German Germany and the news of ot the presence of a G German cruiser on the tile Atlantic In ill addition to armed undersea under under- sea boats bonts Not t J much confidence on tho part of ct teaL was shown at first In reports that tho number of ot vessels available for trips between North America nn and Europe would bo en en- en It was explained that at least a a. certain percentage of ot tho tile Increased Increase tonna tonnage o would b bo ships diverted from tram Argentina Until end week evening up of or trades began however tho tile bulls seemed Unable to do a n. great deal In tho the direction of ct overcoming declines declines' lot let alono establishing an advance Corn swayed to a largo large extent with wheat Scarcity of at rural offerings 8 gave o an advantage e at times to tho bulls billie despite n assertions that tho the car situation wa was Improving on somo Bomo of ot the tho western lines JInes Oats paralleled parallel d the action of ot other cereals There was some soma Inquiry from the tho seaboard but actual sales ales to tt ship ship- pers purs were light Higher quotations on hogs lifted provisions Besl Besides es shipments of or moats meats and lard during the tho week were reported to have havo reached a liberal total Leading futures ranged as ns follows ii- ii J I Open hugh I Low I Clase WHEAT WhEAT- ray May 1741 1778 July Juh 1474 1495 1491 CORNIa CORN CORN- May Ia I n July Jul 1 I 91 1 Hi 93 OATS OATS- May ra 71 67 7 J u I eo 1 H Ii 2 i 54 Port PORK PORK- ic- ic January 2675 2725 2675 2700 May Ia i 2595 2640 2592 2692 2620 6 0 IA LARD LARD- 1600 1620 1595 1617 May Ia l 1597 1597 97 1620 1695 1616 1616 inns BIBS January 1400 1402 1400 May Ia 1410 1430 1410 14 1427 7 Cash Quotations quotation Wheat Wheat heat No o. o 2 red nominal No 3 S red No 2 hard nominal No 3 hard 1 H. H Corn Corn No No 2 yellow nominal No 4 yellow 92 No 4 white n. n Oats Oats o. No 3 white 3 standard a ar r r t i I Rye nc No o. o 2 Barl Barley 90 oY 90 90 jJ 63 Timothy Timothy 63 j Clover Clover if 63 17 1700 00 Pork Pork 2850 La Lord rd-i rd 1647 0 Ill Ribs be 1360 1400 Resources of Federal Reserve Banks Increase During Week Washington Deo Boo 9 Total 9 Total resources of ot federal reserve rosene banks Increased d durIng durIng dur dur- ing the week ending yesterday |