Show I I FINANCIAL AND COMMERCIAL 1 SHORTS IN YEAR END TRADES IN GRAIN RAI MARKE MARKET Chicago Doc Dec 30 Notable Notable Jumps Jump In price marked the close or Ot the year In Inthe Inthe the wheat tra trade e. e Many Ian speculators who at the last found foun themselves 3 un- un ablo to make deliveries on December contracts bid hid the market up 7 i cents a aI I bushel In some cases Signs of ot Improved Improved Im Im- Im- Im proved pro shipping conditions le led to brisk advances too on more def deferred deliveries delv- delv Icily Icily- cries eries The Tue co close e was wal nervous 2 23 to 4 cents net not higher with May Iny at nt 1741 i to and July nt at It to Corn gained 3 to 3 cents and oats S a to 13 1 Provisions finished ni hed unchanged to toI J I 2 25 cents higher Excitement for or tho December wheat short resulted from the stubbornness stubbornness' 1 with which thc they had hat held out for tor some i generally unlooked unlocked for peace settlement settle settle- 1 1 ment or other surprising developments 4 4 of Or a bearish nature From the vcr very I beginning o of or the tho session however circumstances favored the bull bul side of or the tho market and there were comparatively clr at few of oC the lard tardy unfortunates who were caught b by tho the utmost squeeze of December values The element clement downturn downturn down lown- principal against an any turn In the general market tota today was the fact act that Indications pointed to hea heavy clearances for tor Europe in Iii this connection It i was reported that North orth 1 z American merIcan shipments to Europe this week would total bushels as Against previous pre estimates of ot only bushels A I larger supply of ocean tonnage at nt atthe the eastern seaboard was said to be bo rapidly rapid releasing railway facilities from frum COI congestion eslon and ami there was a n well wel I accepted forecast current curent that wheat shipments would be bo In no danger an cr from froma a trainmen's strike until the tho completion comple comple- tion ton of f a union referendum vote two months or more In the future Holda Holl- Holl Hol- Hol day dav realizing sales fales appeared to bo be chiefly responsible for tor some unsettling of or values Just before the da day came to toan toan toan an end In corn corn as ns in wheat there was a a scurrying to cover cr on the part of ot eleventh elev cle hour bears ears Prices were also I lifted as a result resul o of shipping sales here said paid to n aggregate 6 bushels all al to be he delivered at the eastern seaboard seaboard sea sea- board within thirty days ay Oats hardened In price owing to the upturns In other cereals cereals Trade Tralle however lacked volume Provisions Pro shared the firmness ot of grain One reason was that shipments for tol the tie week turned out to be materially material material- ly 1 l' l in excess exCess of or tho the corresponding total a 1 year car ago ago Leading futures ran ranged ed as follows WH WHEAT EAT EAT- I Open Open- I High I Low I Close May 1711 1 1711 1711 il 1741 t J July u h 1 38 1 13 3 H 1 30 I 1 1313 31 CORN con May r Ia 92 92 9 I 93 1 1 July 1 9 OATS OATS- OAT Aa May Amy 3 54 53 Jul 50 51 I 50 fl PORK c Jan Ian 2700 I I 2700 May In 1 26 2670 70 26 2670 70 I 2650 I 2660 LARD LARD- Jan Jan 1520 2 1535 I J 1 20 13 2 I 1530 0 May Ia 1567 15 1575 I 1565 bG I 1575 HI US US Jan 1 1372 I 1372 I 1362 I 1372 May fa 1422 I 1125 1125 1332 1 1320 0 Cash quotations 4 Wheat Wheat- Wheat No o. o 2 red nominal No o. o 3 red L ii Nos Zos 2 and 3 hard hart nominal Corn Corn No No o. o 2 yellow No o. o 4 yellow clow No 0 1 i white cI c. c 1 Oats Oats No 0 3 white c standard stand stand- I ard No nominal Rye Re Rye o. o 2 2 Barley Darle Timothy Timothy 3 3 50 iGO I Clover Clover Clover I II Pork Pork 2250 2850 EI Lard Lard Jard 1535 j Ribs 1300 1380 I Resources of Federal Federal v Reserve Banks Increased During Week Washington ton D Doc Dec c. c 30 A 30 A gain aln of at apI approximately ap ap- ap- ap I proximately in total re resources resources re- re sources of ot federal reserve resene banks for forthe forthe forthe the week ending December 29 is shown I by the boards board's weel weekly h statement The statement shows RESOURCES t Gol Gold coin and In vault aulL Gold settlement fund 10 p Gold redemption fund with wih United States treasurer Total gold reserveS reserve 1 Le Legal al tender notes silver siver etc 17 i.- i. Total reserveS reserve i. i 1000 Five live per pcr cent redemption fund against federal reserve e bank notes notes BILLS DISCOUNTED AND BOUGHT nOUGHT Maturities Maturities- ten days s 's t I From rom eleven to thirty da days From thirty one to sixty days das 47 4 From sixty one to ninety days das 37 7 I Over O ninety days dars Total I INVESTMENTS IE TS ed States bonds H. H 0 One year n year c-year U United a I I ed S States Stales ta t es t treasury rca su ry notes note I Municipal warrants Total earning assets l' l Federal reserve notes net net 10 Due from fe federal ral reserve banks net All Al other re resources Total resources LIABILITIES J paid In iii II Government d deposits Members bank lank deposits net Federal reserve reser notes note net All 1 other liabilities Total liabilities Gold reserve a against net deposit and note liabilities 2 per er cent cont Cash reserve e a against aln t net deposit an and note noto liabilities per pel cent it Ca Cash h reserve against not net deposit liabilities inabilities after aCor setting aside asile 4 40 to per cent gold reserve against a aggregate riot net liabilities of or federal reserve notes note In circulation ler per cent real Croat Increases m in n cash holdings In inVestments In- In Vestments vestment and nOd deposits of federal re ye- ye serve Servo banka bante In th tho thO past month are arf disclosed in a n summary of tile the years vear operations Operation made mado public tonight by the tho re tl ero board hoard Caen Cali reserves refer CK Increased and il gold reserves Increased S earning Darning assets increased I 16 Gt per jer er cent from to the large ge gain being duo chiefly to th the growth of of nC- nC no- no t business during the tho year Net ct flank ank deposits lepolt rose from 5 to an increase of or 68 per ler cent government Go deposits ls Increased from frou lo to about PRODUCE Elgin Dec 30 Forty Fort O.-Buter-Fort- Butter Forty tubs tuba told sold at 20 o sold at 38 c. c Chicago Dec 30 Higher Butter Buter Butter creamery creamer 33 41 fe Eg Eggs Receipts 9 2043 cases unChanged un- un Changed H ed f Potatoes Receipts 2 22 23 cars u un- un l changed chanced poultry Alive higher fowls fowl 15 3 lc springs lOc turkeys I LOCAL SECURITIES r t 4 1 John C. C Cutler s Jr-'s weel weekly market letter leter says The year ar Is closing with Ith natures nature's stor the thc hi hills and anti mountains filled tied with wih snow which makes the outlook outlook out out- I look 1001 brighter for tho the farmers farmer rJ st stockmen stock stock- ck- ck men bankers and ane merchants as it I hundreds s of or thousands of or dollar dollars dollars dol dol- lar lars to the people of Utah and gives assurance of ot plenty plent of at water for tar IrrIgating Irrigating gating purposes during the warm SUmmer summer summer sum SUm- mer season Business has been vcr very favorable In Utah luring during the year cur The crops were fairly lar large e en and n the farmers re received received re- re et cel good o d prices f fr r their products The prospered as 1 high prices were paid pall for sheep cattle catte and ant wool wooi Willie while It I 1 Is estimated that the mines and smelters produced over o and ant paid nearl nearly In dividends The Tho following table shows the tile large estimated Increase In the value of oC Utah manufactured products during 1916 compared with wih 1914 an and 1915 Total in 1916 Total In 1913 1915 Total In 1914 Increase of 1916 over o 1914 1911 S 5 33 S 00 Estimated gain In tho the last year S I A bank In the east cast states that money mone money and credit have ha been too cheap A check to speculation and a aI arise arise I rl rise e In Interest rates aro are both Wholesome wholesome whole whole- some Influences nt at the tle moment And AmI I t moment the best shock absorber on earth In I such nuch a situation as exists today Is a generous bank balance I Local securities have been heen In good demand demant during the year ear and prices are arc generally st steady stead adv at the present time During During this holiday seas season n employees em em- of ot the different Institutions have ha been paid bonuses and stockholders stock stock- holders are receiving dividends which amount to lor more than si Tot Today the Consolidated ng iid t e Wagon on Machine company will wi pay Its iA r regular ular dividend of ot 19 H per pcr cent amounting to S and ane the stockholders of or th the Utah-Idaho Utah Sugar company compan will wi re receive receive receive re- re the tho 2 per cent regular and 1 per pel perCent ent Cent special dividend amounting to 10 On Monday tho the stockholders of the tho mal Amalgamated Sugar company compan will wil receive the 3 per cent quarterly dividend end amounting t to tc nearl nearly The Tho quotations on local securities as s given approximately on cn this date dato are arc also given for tor December 31 31 1915 The rhe comparison on Is Interesting Cutler Cuter quotations follow v 23 dl 3 c cl tc c c l 3 S 1 C c C STOCKS o 1 1 C I y t Cl o 0 l l C I 1 2 mal Amalgamated Sugar SIgar Co 12 i 00 I Life Lie Ins Co 10 10 19 00 i I Co I II 11 IV hU hUBank i Dank Bank o of American Fork 12 12 flank Dank o of City 12 12 1 2000 Dank of Southern Utah Cedar 12 12 1 1900 Con Wagon ragon Machine Co 7 7 Continental Life Lie Ins Co U 91 Continental National Bank lank 8 S 9 Deseret National Bank 1 12 15 De Savings s Bank 50 Davis County Dank Farmington O 20 Farmers Farmers I ers era hank Bank 2 8 First NatIonal Bank Ogden 1 20 First National Dank I Murray atonal 8 10 FIrst National Dank I ham 18 18 Guardian Cy S. S Guaranty Guaran Guaran- ty tr Co 12 1 12 1450 Hebel J. J Grant Co 16 20 2800 Fire Insurance Co 16 14 1 Hotel Utah Operating Co 10 10 Inland Crystal Costal Salt Co preferred 7 7 Inter Inter- Mountain Inter Life In- In 7 aurance Co 6 1300 Kamas hamas State BanI 7 7 1700 Knight Trust Savings Dank Bank Provo 6 6 6 50 I Layton Lyton Sugar Co 12 20 00 McCornick Co Bankers Bank Bank- ers 1 Ii 17 ts' ts Dank Dank n 50 Cahoon Co Mur- Mur Murray Cahoon ra ray C. C 7 S 8 Mountain States Tel 1 Tel Co Tel 7 7 7 National Bank of the Republic 12 12 12 1600 National City Bank ank 6 6 Hi- Hi 00 atonal CI National Copper Bank 6 5 5 r 00 I Nephi National Bank S S 8 1200 Ogden State Dank 8 O IS 1 Provo Prove Com Savings Da flank n 1 1 22 00 I Salt Lake Security Sal Trust Co S 8 State Bank or of Brigham City 15 15 5 State Bank of Garfield 15 15 18 1 2000 State Slate Dank Danl of oC Millard County Fillmore 1 12 9 State Bank of at Richmond S 8 S 8 1500 Thatcher Bros Banking Co Logan Loan 10 10 Utah Fire Clay Co 6 4 Utah Idaho Sl Sugar ar Co I 12 11 1 GO 2620 Utah State Nat aL Dank Danl 12 12 2600 Utah Ulah Savings Sa W Walker ii Bros n Bankers k r 10 11 2 jg Zions Zion's Savings s Bank Iii Trust Co lank S 8 24 Z C e M. M I I i 6 20 DO BONDS DS Alla Alia club b I 6 00 Con fly Ry Power So City 1921 5 C Salt Sal 1921 Lake City refunding 4 4 96 SumMer Sumpter Valley railroad HI 7 Vale 6 6 00 Utah LI Light ht Power Co 1 1930 30 1 6 4 87 Utah Light LIht Power Co l O 5 5 96 Utah Light Railway Co 1934 5 6 5 96 Utah hotel Botel Co 1921 6 G C Utah State Capitol Building 1934 4 4 Utah State tato Capitol 4 1935 4 H I 3 1 In each instance Add Adt accrued Interest to quotations on bonds bonda Galveston Exports I for or l' l Year ear Reach Total Value of Galveston Tex Dec 30 Export O.-Export Export business through Galveston eston during 1916 G reached a total alue value of 2 55 9 according to C figures hurs available ala ble 35 today This is an Increase of or approxImately approximately tola 33 over the tho value of or exports during 1915 l In As usual cotton coton hol holds s first place volume and value o of the exports with wih 70 bales hales valued value at going to foreign countries I Exports of wheat amounted to 23 bushels valued at nt In both bothi wheat and cotton coton there ther was a falling fulling off ocr in iii volume compared with wih 1915 but the values alues arc are Increased Imports Imports imports Im Im- im- im ports 19 during 1916 were valued nt at I FLAX I Minneapolis Dec 30 Flax O. Flax th I 2862 COUNTRY ENRICHED ENORMOUSlY BY YEARS YEAR'S FINANCIAl OPERATIONS New York Dec 30 The O.-The The record of ot otono ono Quo of ot than th most mOt eventful years ears In the tho history of at the stock stoel exchange i Is opio- opio In lt its Is almost unprecedented op op- op Sales o of stocks aggregated about shares hare against in 1915 Bonds Bonts sales lales achieved ed a new record In the enormous volume of ot an Increase In round numbers of or more than over the tho preceding year ea These totals arc are exclusive c ot of s I of or odd lots of or stocks which would I swell th the aggregate b by millions mil mu- mon many moro more ml- ml I lions lons nor do they include over the 1 counter transactions In bonds In which the tho dealings are practically bond com corn p U tati On Quite as Important In estimating the Increased wealth of ot the country countr Is the return by purchase to American In Investors investors in- in In-I In of hundreds of millions milons of dol 01 lars of ot American securities mo mostly high grade bonds and shares shares formerly formerly tl owned h by foreigners which were taken taken taken tak tak- en over privately and assimilated In Inthe inthe I the tho course courso of or the tremendously active acUe twelve months Figures dealing with the country's forel foreign n loans and the Inflow of gold Jol for the year year the the later Item Iem approximating approximating mating but faintly coney con con- conI I ve ey the thc extent to which the tho domestic financial structure has been leen buttressed Economists differ as to the Immediate benefits derivable from these stupendous stupendous dous clous gold holdings but are virtually a aone at atOne atone one In believing that this vast hoard of precious metal will wil make mako the United States financially and Industrially su su- su premo for years ears alter after tho the channels o ot of International trade resume their normal normal normal nor nor- mal n c. c flow tow 1 I 1 UI wun un nb uio Ile o 01 the country's final markets havo have been revised re or modified by ly th the Teutonic peace proposals Quoted values alues o of at many securities have hac dwindled b bj by man many millions of at dollars In the pas past fd few weeks and the process of or readJustment read read- continues Industrial conditions ma may ho bo summarized sum sum- by l bi the statement that many main contracts for lor peace products have been placed place as far ahead as 1 1918 8 while available supplies of or copper and other base lase metals for the next six months have ha been largely pre lre This Tills docs does not necessarily imply the tho main maln- o of alln prevailing quotations for tor and ant other commodities nearly alof al all al of which rose lOse during the tho year ear to rec rec- ord breaking levels Most encouraging au auguries ures are offered of of- by the transportation stocks whose intrinsic worth was so firmly established In the final month of tho the year car ear Net earnings s of ot the leading railway rail rail- rai- rai way isa s systems stems for tal the tile calendar year rear ex exceeding cx- cx one billion rolan dollars are great reat- leI by third one those of or 1913 Emergence Emer Erner- gence ence of or man many minor roads from their long periods of oC receivership am and financial embarrassment is one of ot ant the features of ot the tho greater greatel forward strides OF |