Show PEACE TALK 3 SETS PRICES GOING DOWN r General Decline Follows TS Announcement An An- of Teutonic Overtures for Parleys i FLOUR TAKES TUMBLE TUl St Sugar gar and War Bride T Stocks in Sharp Decline Too Loca Local Lo- Lo ca cal eaI Market i larket l Feels Effect r I t. t had the tho flash flah been re received re- re S. S SCARCELY rc cel in Salt Sal Lake Lkc yesterday rester ay that Germany German was seeking peace than a decline developed on the boards general Sf of oC brokers handling eastern stocks it I Ictus ers brol Lake caused d a n lull In sales at the Salt Sal tock stock exchange lul Mercantile houses showed immediate interest and the ex exp expected ex- ex drop drep In wheat came A Decline decline p of or H 4 a n share in American Su Sugar ar stock further proof that Brocket skyrocket give gave ha had reached their zenith Bethlehem Beth Beth- prices lehem Steel registered a drop of ot i Zi 7 a ashare brides began hegan share thare and other war war m moving down tho the toboggan better better bet bet- Salt alt Lake Investors were never nover t. t ter margined said George Georgo T. T Badger 61 of f Ba Badger ger Bros when ho had completed com corn examination of ef C the thorough a effect ct of ot the declining market locallY r T r believe that only a few if IC an at ata a all 1 were affected With Ith the sharp de- de al but Inc there appeared to have havo been Scry Bethlehem Steel and few sales of or very cr stock th the drop of ot 7 In Utah Copper failed to develop but hut ver very little con- con cern corn The d decline in railroad stocks as as light The Thc wild down downward want plunge o of or wheat caused wid panic in the tho Chicago pit pI but lut bring re- re locally It had a tendency to brIng cly Investors Investor of or Salt Lake having gone cone In as heavily Uy as they ther dared darel on wheat In a a majority of ot Instances local wheat hoat speculators were In an amiable frame of or mind when they the saw wheat ned at 1 iH 4 prices fcc go down Wheat op opened bushel and closed at 1823 Tuesday r opened o at 1711 il a bushel on poster poster- days day's market and closed cosed at 16 FurtH Further r Likely Bakers and wholesale flour merchants merchants mer mer- four chants received telegrams telegrams from eastern eastern east east- advising ern era flour fleur centers center yesterday them of ot lur drops o of from S to 10 cents a bushel ushel for fOI wheat Simultaneously they received quotations from Crom flour mis mills that the price of or high patent flour Clour ha had dropped from rom 9 a barrel larrel to carload carload car car- load lot lots In other private te telegrams came ame advices that a greater drop in flour ur may l be expected While American Beet Sugar opened at t 1041 J It I closed on the tho New York i j market 10 yesterday at while AmerIcan American Amer Amer- Amerlean Refining stock dropped ican lean SI Sugar I nearly g 8 a a share There was wae a de decrease de- de crease of nearly 1 cents a bushel on oats Pork corn corn and nearly 3 cents In products Corn however howe remained stead steady and the Jump of ot lard for the day was wa 55 5 cents a barrel After the thc proprietor of or one of ot the largest groceries in Salt Lake o Il had re reviewed re- re he viewed eastern castern market conditions predicted that the decrease In the tho price of or flour four would continue He Ho added that Potatoes were bound to take a n very Yen definite slump and that general tie dc- rease would come In the of or week dairy dalry products before the close coso of ot the 1 I Effect on Stocks Stock Thc general generl effect of ot the peace talk tae on the Salt Lake stock exchange was waa wasn WC n a tendency Inactivity though Sales ales were quite hen heavy until Germanys Germany 8 peace proposal al became current current The drop In the price of ot stocks was only a iw cents but lt It Is said that the a afterEffect after after- r- r 0 Effect fr t wl will wilI see Bee a somewhat larger de dec de- de c dine c 1 n e When hen the first news of Germanys Germany s s actIon action ac ac- ac- ac tion was received speculators of ot the local cal exchange rushed to the offices of ot l In ers for the New ew York and Chicago markets and asked for confirmation It I W 1 not readily believed until three tele telegrams rams o of confirmation had been leen recci recci re re- re- re Vel cel Officials of the Utah Copper company compan said aId yesterday that t tlc th e peace talk In Europe would not have any effect upon the production of or the mines at for Or the present at least a as booked or orders orders or- or 01 ders would cause the tho mines to keep working for several cral months months Officials of or the American Smelting 8 Refining company company and United States Smelting Refining Mining company declared there thero would not be any up let-up at the smelters Bankers of the city wore were not so san sanguine guine as to the bu business of ot the Intermountain Intermountain intermountain Inter- Inter mountain countr country keeping at top pitch pich with wih the tho belligerents beginning to talk terms of ot peace E. E A. A Culbertson S resident president president of or tho the National Bank of at the gave e a a composite statement of ot f the views of ot the tho bankers Sir Ir Views The peace proposal of ot Germany will 1 have the effect of ot curbing curbing the extension extension extension ex ex- ex- ex tension o of credit and the great expansion ox- ox of credit which has been going on for tor the past two to years ears will wIn contract said Mr Culbertson It I will tend to shoot up the interest rates in the east and It i may be that If It anything tangible comes out of ot the German German proposal tho the Interests In tho the west cst may advance a trifle Money In the the- east cast will wIl no longer be cheap If t peace negotiations are are entered entered entered en en- Into It I will wi take tako somo time however for tor conditions to get back to normal normal Sugar was not affected b by the te general general general gen gen- eral market conditions the tho price was the he same as a on Monday |