Show If II FINANCIAL AND COMMERCIAL 1 I l STOCKS SCORE GAINS GAIMS ON INVESTMENT BUYING AND SHORT COVERING u. u T New York Tork Dee Dec 1 Additional Additional re recoveries reI re- re I to today ot of 2 to 5 6 points In In- j recently under pressure with a n rally L' L of ot 25 5 points In Bethlehem Steel were wore duo due mainly to te a 1 hasty covering movement move move- Fp ment b by the tie shorts and arni no little buya buying buy buy- t a ing particularly of or rails raLls by Investors In q and operators who seemed to feel that lI h the tho hysteria of ot the tho last few days had run its course ourse A more potent factor In the rise rIso of oZ i stocks was the belief that peace b negotiations between tho warring nations nations nations na na- na- na of et Europe are arc yet et Bome time off I This assumption had Its basis to a at t great extent on the tho action of or tho Russian Rus nus sian durna cuma and md the tho statements of or local observers in touch with affairs abroad q Today's further rallies rames Included Include United Unite United Unit Unit- e ed States and Lackawanna Steels Stools tho the i former making an extreme gain of or 21 26 h points on its usual I lars largo overturn o 3 1 Lb to almost 6 points In s. s as ns ast t much and more for Cor leading le equipments o such as American and Baldwin Locomotives Locomotives Loco Loco- 4 t motives and Now ew York Airbrake 2 to 3 points In lit coppers and other met metals ls 3 to 5 points in Central Leather Industrial indusI Indus indus- trial Alcohol and International Paper I Far more convincing he however ever was tho the sustained movement In tn rails low grade Issues of ot the tho roads traversing f southern louthern and southwestern states being the foremost features S Southern Rall- Rall way common and anti preferred Seaboard i Airline issues IssueR Missouri Kansas Texas Texas Texi Tex Tex- as issues Missouri Pacific Kansas CIt City i Southern and Texas Pacific were 2 to toSI 3 SI 36 points ts hl higher her on steady action less Standard shares were relatively Active but strong Rending Reading and other Atchison New York Central II Union Pacific Illinois Central Atlantic I. I Coast Line find and New r Haven making makinI extreme gains of ot 1 to 2 points Total J sales of or stock shares Tho The bank statement was in keeping with general estimates showing a a. 1 large largo a actual gain and other expansion i of or reserves of ct than a n. t total of ot over in the tho past pat fortnight The markets ml for foreign exchange were nominal but Lut mainly 10 lower er re reflecting reflecting ro- ro latest p peace ace discussions limited deal- deal Bonds Bond were Irregular on logs Ings Total sales salos par value United States bonds were unchanged S call can during the tho week cel on n Y E 1 I Sales I H. H I L. L I Cl I Am Beet Sugar 99 American Can Can 52 60 50 Am Car F. F 69 68 8 Am 82 S1 SU 82 Am S. S Ref ISOO 1081 Am Sugar Ref 1100 1111 Uti 1116 Am Tel Tel Tol 1100 12 1252 Am Zinc L. L S. S 2100 49 48 IS 18 Anaconda eonda Cop S SI 87 87 Atchison u. u IOU 10 H IOU Baldwin Loco u. u 71 GSa Cg BaIt Ohio 1300 S S SI Jl 85 Brooklyn R. R T. T 83 53 51 I S D. D S. S Copper 57 55 55 Cal 23 23 i Can PacifIc Central Contral I. I Loather ther 9 4 9 1 i Ches Ohio 6 Gli C. C C. C M. M St. St P. P 4 00 3 tZ ChI 8 C. C n. n I. I P. P R fly 39 39 Chino Chine Copper 59 a fiji fiS 58 Colorado I F. I. I U 48 H Corn Prod Ref 24 4 24 Crucible Steel ISH CS Dis Securities 3 36 34 Irle Irie 36 87 Gen Electric COO 1721 li p Ct North pfd Gt Nor ore cUa 1100 40 40 40 Illinois Central Inter Iner Cons Corp 1100 17 Inspiration Cop 60 69 59 hit Int Harv N. N J. J l 1121 12 j j mt M. M oL M. pfd IM 1056 Ie IC C. C Southern Cop 49 IS Louis Nash Mex Petroleum 98 8 i Miami Copper 1100 40 1 r. r K ic T. T pfd 23 H 23 Pacific 19 18 Montana 1066 National Lead GH eu Nevada Nev Copper 2 26 2 N. N Y Central 1066 1052 1066 N Y N. N H. H H. H 1600 55 H 65 55 Nert Western Un 1376 t Northern Pacific GOO 1106 1101 Pacific ail 23 2 Pac T Tel 1 it Tel 33 1 Pennsylvania anla 1600 56 R Ray Y Con Copper 28 27 28 23 Reading 1096 1073 1096 Republic J. J S. S 81 79 81 Shat Ariz Copper Southern Pacific 2500 97 Southern Ry 36 34 JH Studebaker Co 1113 ll 1151 t Texas Co 2000 19 Union Pacific 1400 1466 HS 1161 Preferred 3 U. U S. S I. I Alcohol 1400 1161 1155 U. U S. S Steel IH 1700 1183 1183 Utah Copper 1095 pfd U. U 20 30 Western Vestern Union Electric j Total sales for tor the day 8 7 o shares New Y York orl City Banks Banks' Deposits Increased Nearly fearly New York Doe Doc 16 rhe The statement of ot I tho the actual condition of clearing house houe banks and trust companion for lor the week shows that tha tho they thoy hold reserve In excess of or legal requirements This This is an increase of over last week The statement follows Lon Loans n 11 discounts etc Increase I l Reserve In own vaults aults of which IsI is I I specie Increase 1 Reserve in federal reserve bank bank Increase p I Reserve in other depositories depo l- l tories I Increase e. e Not Net demand deposits 1 s. s 39 Increase Net time deposits Decrease Circulation Increase Aggregate reserve Excess reserve 0 d Increase rv Summary of state banks s and trust I companies in Greater New cw York not notI I included ed in cle clearing house statement I Loans discounts etc I I Increase tf Specie if Decrease 90 flOO Legal tenders 10 I Increase 0 Total deposits I Increase I n Banks Banks' nl 6 cash reserve InvaUlt in inI invault vault I Trust companies' companies c cash sh roI re reserve Te- Te serve e In vaults 00 I l' l NEW GRAIN CHAIN e Now New York Dec 16 Flour Flour Steady Wheat Wheat Spot Spot firm firmS No o. o 1 durum 1942 1941 No 2 hard harrl No 1 north northern rn I Duluth 1883 No 1 northern Manito Manito- bit ba 1911 f f. f o. o b. b Now New York I Corn orn Spot Spot firm N No Nc 2 yellow 1 m c c. c I. I f. f New Now York fork day 10 shipment I Oats Spot Oats Spot strong standard I I Fit 1 lon I J. J Now York D Dec c. c 16 Evaporated apples ap ap- ap pies ples quiet Ill I'll I t Prunes Prunes Firm Firm U H Apricots and peaches peaches Quiet Raisins Stead Raisins ns Steady I LOCAL SECURITIES I John C. C Cutler weekly market review says sal's UW With th the advent of or Christmas s and tine weather in Utah Ut business con conditions conditions condi condi- l. l havo have improved tho the inquiry for 60 seasonable merchandise has Increased and nd there Is a brisk demand for tor all holiday goods The uThe business s situation has been very favorable In Utah Utan during the year ear earTho Tho The crops were fairly large largo and tho tim farmers armors 1 received good fool prices for tor their products Tho The rowers havo have dono done well as ns high prices were vere paid for sheep cattle cattle- and wool while the mines produced heavily Merchants and hankers bankers from over every town In tho the state report that the tho volume of ot trade this year car exceeded tho the business of 1015 1915 Several hundred thousand dollars in dividends will bo be paid by tho the different Institutions of the state tho the end of or December Do De cember comber and early e-arly In January The Utah Idaho Sugar company compan will pay Its 2 per cent regular and 1 per cent special epo- epo cial dividend on December 20 0 to stockholders stock stock- holders of ot record of or December 18 13 The Tho zions zion's S Savings bank b will pay 6 per perCent percent cent amounting to next Wednesday Tho Home Fire Insurance company compan will pa pay its regular 4 per nor percent perCent cent dividend amounting to before Christmas J. J Grant Co also placed tho the date dato for tho payment of their regular rl dividend of ot 4 per cent prior to Christmas with an extra dividend div div- blend of If 1 per c cent nt to stockholders as ns asa asa a Christmas remembrance Tho The directors of tho the Farmers bank met Wednesday afternoon and declared an Initial dividend dividend divi divi- of ot 2 J per pel cent amounting to payable able Immediately to stockholders of ot record of or that day The Consolidated ted Wagon M Machine company will pa pay its regular dividend of ot 1 19 li per por cent amounting to on the tho of ot January The Tho Amalgamated Sugar company compan Beneficial l Life Lite Insurance company In Inland Inland In In- land Crystal Salt SnIt comp company n and the tho banks will also pay their dividends the tho end ond of ot this month find and in Janu January r 1917 There has been a very fair demand for tor local l securities during the year and prices aho show advances ances all nil along tho the list itt compared with a year ago On December Decem Decem- b bar ber r 18 18 1915 Amalgamated Sugar company com corn pany ParlY stock sold for per share compared with 36 per Ier share today Utah Idaho Sugar company stock was 13 per share compared with 26 to today tolay to- to dB lay day and Z a. a C. C M. M I. I stock was pet per sh share re compared with per share today Sug Sugar r stocks declined somewhat t during the week when Germany Gormany announced announced announced an an- her readiness to enter peace negotiations while other local stocks and bonds are aro in fair demand Cutler quotations follow D e. e tic o 0 Co O a 8 l 0 ca 2 QUI STOCKS 1 o 2 g r 0 a. a l t I f Pc- Pc c. c ted Sugar Sug-nr co l 12 J 23 OU l Lifo Life Ins Co 10 10 D 13 a r l' n e a s Banking Co 10 10 20 O Bank Danle of American Fork 12 12 Bank or of fibber Hober CIt City 12 12 2000 Bank of Southern Utah Cedar 1 1 12 1900 Con Wagon Machine Co 7 7 Continental Life Lito Ins Co 1 Continental National Bank 8 9 De eret National l Bank 12 16 15 Savings Bank 50 Davis County Dank Farmington 20 20 Farmers ers era Bank 2 8 First National B Bank Ogden 12 20 First National 1 Bank Murray Y 8 10 First National Bank m d 1 IS v ItS 10 v d v v G Guardian rc b Y tuc C Guaranty Guaran- Guaran I ty Co 12 12 1480 ber J. J Grant Co 16 20 2800 Home Fire In Insurance Co It 16 H 14 00 Hotel Utah OperatinG Co 10 10 1100 Inland Salt Co preferred 7 7 Mountain Inter Life Lite In- In ur ne Co 6 1300 Kamas State Slate Dank Bank 7 7 Kul Knight ht Trust Savings 7 Dank Bank Provo 6 6 Layton Sugar Co 12 12 Co Bankers Dank Bank ers 17 17 17 Dank Bank Co Co Murla Mur- Mur la lay 1 8 Mountain St States Tel Tel Co 7 7 7 National Banic ot of the 7 12 12 National 1 City Bank 6 6 National Copper Bank Bl 6 6 5 lOr 00 Nephi National Dank Danle 8 8 Ogden St State te D Dank 20 18 Provo Corn Com 8 Savings Hank Bank 12 22 Salt Lake Security 8 Trust Co 8 S State Bank or of Brigham City City 15 16 15 State Banle or of Garfield IS 18 2000 State Dank of oC Millard County Fillmore 12 9 00 State Dank or of Richmond S 8 Thatcher Bros Banking Co LOC Logan n 10 10 Utah Fire Clay Co 6 4 Utah Idaho tahId ho Sugar Sug-ar Co 12 11 2600 Utah Stac Nat Dank 1 12 12 Utah SaYings Savings 8 Trust Co Walker DroB Bros Bankers 10 11 2300 Zions Zion's Savings Bank Trust Co S 8 34 24 Z C C. M. M t I S 8 20 Q ilO BONDS DS Alta AHa club 6 0 Con fly ny Power So City 1921 r G 5 Salt Lake City refunding 1921 1921 4 4 00 Sumpter Valley VaHey railroad 1927 6 0 9 99 Utah Light tc Power Co 1930 1930 4 4 IT Utah Light 8 Power Co 11 1920 0 IS fi 98 Utah Light Railway Co 1 1934 34 r 5 6 DC Utah Hotel Co 1321 6 G 6 10 Utah State Capitol Building 1934 4 4 Utah State Capitol 11 1935 36 4 Ill I 17 17 3 13 In each instance nee Add accrued interest to Quotations on bonds iONlY Y Ne York Dec Mercantile paper pa- pa per HH 1 pw ir cent day Sterling bills bill 4 71 corn com mercial sixty day bills on commercial sixty day bills domand do- do mand cables jC Francs Demand i c cables Marks 72 nt cables 72 Kronen n 1 16 i cable 12 Guilders Demand t 9 1 1 Lires cables 30 cables I dollars CiS Government Go bonds otea Railroad bon bonds s H. New York Dec The market markot for sugar futures was Irre Irregular ular this morning morn morn- Inc ing hut bitt trading was Wl only moderate and mostly In the wa way ot of evening up Clot Clot- lug s wore 4 points lower lawor to 1 point higher December January March S 'S May JUI July i Haw sugar du duh 1 molasses con con- alA refined dull fino granulated gran- gran 15 WHEAT PRICES SHOUT SUT SKYWARD JHEN TRADERS SWITCH TO BUll SIDE Chicago Dec 16 Wheat Wheat prices shot skyward toda today Impelled b by the Russian Rus Hus sian dumns dumn's rejection of peace and by announcements that tho the United Stat States os would not at present offer to mediate After excited bulges that carried tho the market ml up 10 cents quotations fluctuated atOl atod wide widely I and closed unsettled U 42 to 9 net higher with Ma May at 1628 1629 to 1 63 and July at to 1371 1376 Corn gained 22 to 3 un und and oats 2 26 21 to 2 24 25 Thero was as a n setback of ot 10 to 30 cents in pro pro- visions Ono of or the most turbulent openings since the tho war began was witnessed in inthe tho the wheat pit It seemed as if It the tho crowd almost to a m man n was rushing to bu buy on tho the assumption that t p peace ace acea was a yet far dl distant tant an and that the tho recent recant sovere severa breaks in prices were vere based baAed on ona ona ona a ruinous mistake aa as I to tho the outlook Like Liku a n flash all offerings to sell were ere grabbed at by hundreds ds of or nearly frantic brokers and tho the buying stampede stam starn- pede continued until tho the volume of transactions had reached a n huge hugo ag as- as gregat The Tho French victory In tho the Verdun district added to the vehemence of purchasers but somo some degree of caution cau tion began n to bo manifest after the rise was wal approaching 11 cents Reactions I however proved brief t. t and tho the bulls bull were In a strong drive again during durIn tho tim last hour when attention was fo focused focused fo- fo largely large on Washington dispatches dispatches dis die patches Indicating th that t Germany would withhold definite detinUe peace terms until tho the belligerents had agreed to a n confer confer- 0 ence Announcement of a a. revival of ot export business counted counte to A l material extent in the tho uplift of tho the wheat market It was said that bushels or more had been taken for tor Europe within twenty four hours and nd that Important relief relict was at nt hand in the m matter of transAtlantic trans shipping facilities For Baltimore alone alono ten tn steamers were re reported reported reported re- re ported as due to arrive arrivo next week to load grain Corn strengthened with wheat but moved much more slowly and kept as heretofore within nearl nearly normal lim urn its Business ss was restricted b by scarcity scar near city of ot railway cars and the consequent consequent conse conso- quent scantiness of the movement from first hands bands O Oats ts showed little or no independence from corn On tho the upturns leading concerns wore vore inclined to sell treel freely chances of pe peace co m made de the provision market sag g. g Liberal supplies supplies sup sup- plies on hand as MI shown n In tho the semimonthly semimonthly semi semi- monthly st statement of or warehouse stocks also alto were causes of depression Range of ot the leading leading- futures I Open I High Low I Cl Close i islay slay 1645 1626 July 1365 CORN CORN- dal 92 91 July 90 1 90 91 OATS OATS- day 52 52 52 July 50 60 PORK PORK- Jan 2700 2690 May 2695 Jan 1620 1500 1600 1620 1620 1500 1605 1 1 1135 Jan 1882 1370 1 Ma Ia 1422 1422 1405 I 1407 Cash quotations wore were as folIo follows i Wheat Wheat Not Nos 2 and 3 red red and 2 and 3 a hard bard nominal 1 Corn Corn Corn- Corn No o. o 2 yellow 93 No 4 yellow lellow No 1 4 white Oil Oats Oats Oats-No No 3 white El standard Rye Ryo N No 2 nominal Barley Barley SC Timothy Timothy Clover 1200 1700 Pork Pork Pork- Pork 2850 2850 Lard Lard I Ribs 1370 I Gain of I Male Made acle in Deposits in Federal Reserve Banks Washington Deo 16 Gaine Gains of ot ne nearly near near- r- r ly In bank deposits and nd of moro more than in reserves by I federal |