| Show I i I FINANCIAL AND COMMERCIAL 1 t E RAllY RALLY I fROM SETBACK DUE J f 1 T TO Ta RAID BY BERS BEARS f cw eW York ork Sept Sept SO Traders Traders endeavored ored with wih Indifferent success to arrest the the advance cf er c prices during during- today's J t h ur session concentrating their efforts eUort upon United Stat States s Steel allied aled t industrials and of r the coppers and railS r These Issues were forced down Z 2 5 rais 10 almost B 6 points In the first hour stcl Stel receding 3 35 to 1161 with a more morese t severe sere re In Republic Steel while Union se Pacific lost 2 z p points Ints with wih 1 to tor 2 21 metals r for tor leading Thee was substantial support it at itt the tho f lower Thre levels together with an inquiry of ot broad dimensions for tor the coal shares Early losses Josses were were recovered in large part ste Steel Steel however manifesting lesser 1 pat pow power r. r The close was Irregular Total sales were shares baros Additional favorable statements cf of t earnings flingS were sero submitted b by Important railway systems Chicago em ern showing an increase of ot In net for tor August August while tho the prosperity o of the shipping trade was wa attested bythe by bythe the July statement of oC the tho Atlantic Gulf west Ind Indies Ste Steamship company Gul which increased its earnings over the tho same month of ot last year by moro more than 76 75 per ner cent Tho Th weekly bank hank statement throw some Th light upon recent market ties the actual cash cah account disclosing I a tes contraction of ot about while reserves decreased ed by almost 00 Trade rade advices lost none of oC their re recent recent recent re- re cent glowing character one ono of ot tho the leadIng leadIng leading lead- lead Ing m mercantile authorities reporting commodity prices pric at now new high levels le To Today's ars ar's bond market was firm on ai a i fair turn turnover vcr Total sales par value United States bonds were unchanged on OD call cal NEW XE YORK STOCK LIST I I Sales I H. H I L. L I rei CI I B. B S. S 1700 I Ani m Can 67 1 65 m Ani Am C. C F. F 73 71 7 71 7 Am OO S1 79 79 Am S. S 1 1400 1 Am m. m S. S S Rf GOO 12 Am Tel Tel 1500 m Am Z L. L S. S S 1400 42 2 1133 41 4 n 41 Anaconda Cop 97 97 1 Bl Baldwin J ln LOCO 1 B. B 0 SOO 1 SS 88 Brooklyn n. n T. T I Ir r B S. S s Cop t 63 1 6 63 Cal R Pet Pet 23 2 23 h r C Canadian Pac Pac Leather Leuther 2300 73 72 O. O 67 65 Chi M. M f. f St. St P. P 96 06 96 Chi I F. F H. H I. I Faa Pac 19 9 18 i Chino Copper 57 56 56 Col Col F L 63 60 I 60 Corn Cor P. P 1 16 1 H 15 i 16 Cr Steel 95 91 93 Distillers Distiller's Sec Seo 2100 45 45 45 5 Erie S 40 Gen Cen Elec G. G 1 N. N G. G K Ore Oro 46 45 45 i IlL N Central Il mt Con Con Corp Int CopS I 1 67 66 66 In Tnt Cop 1 N. N 3 Rn Tnt t M M. M. M L pfd otis cUe 1228 10 IC Int C. C Southern 26 K C Cop 1 1 I 57 I 55 I 66 N. N L MeL Mex Pot Pet lUi 11 11 MiamI SPi 8 89 3 39 K Co T. T d 10 Io Pao P 4 Mont Power 93 Nat Mont Lead io 10 o 0 70 69 70 ev at Cop Lad 1 1600 22 22 22 i e Y Central Centra 1099 N. N Y Y N. N H. H H H. H I 60 1 60 60 N. N W r 1700 13 N. N P. P 11 Pac tail 00 27 27 26 I Pac Tot TeL 35 36 35 4 Pennsylvania Jel 2300 sa 55 65 58 I IHa Ita Ha Con Cop 1400 26 25 25 I Reading lZ 12 Rep nep Iron S. S S 77 77 80 30 Shat An Cop 31 31 30 S. S Shat P. P Ar IOU SO Ry 1700 25 25 25 Studebaker Co 2600 ren Cop 23 Texas Texa Co 21 1 U. U P. P 19 U. U P. P pfd 84 84 83 U. U S. S Ind 1600 U. U S. S Steel 19 lG nH u. u S. S Steel pM 11 1 Utah Cop 96 95 5 96 95 Wab ab pfd B 27 w. w U. U j 27 West Elec 64 T Total Total t sales for d day shares Reserves in Twelve Federal Banks Bank Approach Washington Sept Sopt Sopt 30 The Tho Th federal reserve e boards board's statement tO today of ot tho the combined resources and liabilities labite of the twelve federal federM reserve o banks on September September 29 29 follows RESOURCES Gold Gol coin and certificates In vault f Gold God settlement fund Gold redemption fund with United States treasurer trea r Total gold sold reserve L Legal gal tender notes silver siver etc etc Total resen reserve Five per cent redemption fund against federal reserve bank notes Bills Dis discounted and bought Maturities within 10 days das 1403 A O 00 From 11 1 to 30 days From 31 to 60 days Prom From 61 1 to 90 days Over 90 days days Total Tota INVESTMENTS United States bonds On One year U. U S. S treasury notes 6 O. O Municipal warrants warranto Total earning assets assets Federal reserve notes nc net O 00 Due from federal reserve bands net All Al other resources resource Total resources LIABILITIES Capital paid td In In Government deposits I 1 Member bank deposits not t Federal reserve notes net 13 1 00 Federal reserve bank notes In circulation I lation L All ll 1 other liabilities Total fetal liabilities Gold rl reserve erve against net deposit and note noto liabilities Cash Cah reserve against net deposit and note liabilities Cash reserve against net deposit la lla- lla 8 after netting ottIng aside alde 40 per cent cont gold old r reserve servo against aggregate net liabilities lat lia ha- la- la cm on federal reserve notes In circulation circulation cir clr cir cir- per pcr cent t PRODUCE Elgin ilL Sent 30 Butter Butter flU fifty t tubs at t Chicago Sept 30 Butter Buor Buttor hr her creamery 30 Eggo Egga receipts cases unchanged Potato receipts 4 ef cars rs unchanged Poultry alive alve firm owls fowls l c springs iDe HIe Minneapolis Sept SO 30 Flax G I 3 r. r i- i P- P U. j LOCAL I IL L T John C. C C Cutler ter rs weekly review of ot market conditions says sars Business ls In nearly all linos hino Is good n tho the United States In spite of ot steadily steadly stead stead- ily ly advancing prices for tor all aU disc dise Tho weather cather In Utah has been ber beautiful this season and tho the farms and md orchards o ha have produced fair tall crops i for fOI which excellent prices are arc being received Boot Deet digging Is progressing rapidly and auth the thc various sugar factories will wil commence to operate next week The he recent reports of oC the banks sh show w encouraging encouraging trade conditions throughout t tho state Today the Utah-Idaho Utah Sugar paid a 2 per cent cont regular and 1 I per cent special dividend amounting to to stockholders tho Home Fire In Insurance Insurance In- In 11 company compan paid 4 per cont Cent amounting to 2000 J J. J Grant Co paid 8 S per cent amounting to the Beneficial Life Insurance company 2 21 per cent or McCornick McCornick Mc- Mc Cornick Co 4 3 1 per cent cont or Cr Utah State National bank 3 8 per cent centor or tho Amalgamated Sugar company 3 per cent or and the Layton Sugar company will wil pa pay Its second dividend of at 3 per nor cent this year On Ozi Monday ond n the Consolidated Wagon Wagun Machine company compan pays pas Its 12 U per percent percent percent cent quarterly dividend amounting to and and In October tho the Salt Lake Lako Security Trust company pays pas 2 per ncr percent percent cent dividend amounting to tc tt the z Z C. C M. M I. I p pays s 's 10 per cent or the tho National bank 3 per pcr centi Guardian Casualty Guaranty company company com corn pany pays 3 per cent the rain taIn Lifo Lito Insurance company pays pas 1 15 H I IPer per pcr cent the National City bank 1 1 I Iper per er cent and tho the Mountain States Tole- Tole I Telegraph company compan pays pars Its I i 1 13 nor ncr cent quarterly dividend Tho The following table tabo gives the last I September 12 n. 1916 published st statements of ot the tho fourteen city banks I showing the capital surplus and nd undivided un un- un- un divided profits and the total resources Continental National bank Deseret National bank Savings bank banI farmers McCornick Co bankers Merchants Merchants' bank National atonal City bank National Copper bank National Bank of ot the Republic Salt Lake Security Trust company Utah Savings Trust company compan Utah State National bank Walkers Bros Dros Bankers Zions Zion's Savings Bank Trust company Compiled September t totals Compiled Juno June une tO totals ls Increase Of course the tho total liabilities of tho are the tho same as tho total re resources ro- ro sources but the above comparison shows that the total and profits prots of oC tho the banks bank Increased and ho thu total resources Increased 1971 from June to tC September 1916 Cutler quotations follow olow 3 I t 0 Q p 1 1 sg n c STOCKS a STOCK p g ap C r 0 0 C i C cn Amalgamated Sugar Sugar Co 12 9 t 1400 Beneficial Life Lite Ins Co C. C 10 10 19 00 Barnes Banes Banking Co Kaysville 10 20 Dak Bank of ot Amerl American Fork 12 12 Dank Bank of ot Hober City City 12 12 1800 Bank Dank of Southern Utah C Celar e ar I. I 1 12 19 1900 00 12 Con Wagon Machine Co 1 12 Continental Life Lito Ins Ine Co Continental National Bank 8 9 Dc National Bank S 12 1 15 Deseret Savings Bank Bane 50 O Davis County Count Bank Farmington 20 Farmers ers erg Bank Danle First National Bank Layton 12 12 1 First National Bank BankI 20 60 First National Bank Dank Murray urr y S 10 1500 First National Bank Brigham ham 18 2 18 0 Guardian Cy Guaranty Guaran Guaran- ty Co Cu 12 2 12 1510 1610 Hebor J. J Grant Co Co 16 6 11 20 27 2735 gE Home Fire Firo Insurance Co 10 Hotel Utah Operating Co 10 10 10 1100 Inland Crystal Salt Co I 7 7 91 00 Mountain Inter Inter Lifo Life In- In In Insurance urance furance Co G. G 1 1350 1850 60 Ramas Kamas State Bank Ban t i 7 7 Knight Trust Savings Bank Dank Provo 6 G 6 1 00 La Layton ton Sugar Co 1 lC Co Bankers Bank Bank- l ers era 1 17 P 17 Merchants' Merchants Bank Dank Mountain States Tel Tol Tot Co Tel 1 11 00 National Bank Dank of the Republic 12 1 12 National Cit City Bank BanI 6 6 1700 National Copper Bank Bante S 5 5 I 00 Nephi National Bank 8 S Ogden Bank Dank 20 Provo Pro Corn Com Com Savings I Bank Bane 12 12 2 Salt Lako Lake Security i Sal Trust rust Co S 8 1200 I State Bank of ot Brigham CI City 10 l 15 I State Stat Bank Dank of ot G Garfield Panguitch 18 18 13 State Bank Danle of or Millard liard Count County Fillmore 9 9 State Daille Bank of ot Richmond g 8 S 8 Thatcher hatcher Bios Dros Banking Co Logan 10 10 Utah Idaho Sugar Sugar Co 12 10 12 11 1 1900 Utah Savings Trust Co Ut Utah St State te National ti i I Ua Bank n It I 2 Walker Bros Bankers Dankers 10 1 ii r 00 Bank Dank Zions Zion's Savings T Trust Co t 8 82 2 Z C. C M. M r I S 0 BONDS Al Alta t c iiii- iiii 1 U b 6 I 6 9 Con Hy Power Co City 1921 f 5 98 Salt Lake City refunding 1921 4 96 Valley railroad 1927 Vale 6 6 96 Utah Light Power Co 1930 86 85 Utah Light l Power Co 1 1930 S r 5 t 5 Utah Hotel Co 1921 6 G 6 Utah State Capitol 1934 19 4 4 Utah State Capitol I 1935 t 4 H 21 lOa 17 3 1 In each instance Add 1 accrued In interest to quotations on b o YORK CHAIN New York orl Sept 30 Flour O. Flour quiet i ot Wheat Wheat Spot Spot steady stead No o. o 1 durum 1 78 No 1 hard 1 70 No o. o 1 northern rn Duluth 1 1 8 83 No 1 northern Manitoba 1 0 0 b. b New York Corn Spot b fIrm No 2 yellow el oW 99 99 c c. c i I. I I f 1 f. f New cw York steady steady- Oats pot Oats SPOt Oats Spot n Now York Sept Sent SQ Evaporated ap appes apples ap- ap Pies ples firmer lanc Fanc Fancy 58 ch choIce G 03 J prime Prunes firm Apricots quiet Peaches Peache tt dull dul and eus' eus Choice 62 I extra choice 7 fancy anC 7 7 Raisins tira- tira I I TING SAlES GIVE SH SHARP RP SETBACK I.- I. T PRICES OF WHEAT Chicago Sept SoPt 30 that crop reports from Argentina Argon Argen tina today made mado wheat prices during most of ot tho the session decidedly higher month end ond closing cosIng ou out of ot contracts re resulted resulted re- re suited in a sharp setback Just before tho the finish Latest quotations Unsettled unsettled un un- settled at nt i 1 to 21 net not decline with December Do- Do cember and May at 1538 63 Corn closed cosed unchanged to 1 3 ic down wn oats I Jc 10 C off oCt to gc Rc advance and provisions varying from loss to a n riso rise of oC 2 c Argentine advices advice regarding regarding drought were moro more bullish than over A material material mate mate- rial reduction of oC the Argentine exportable tIe ble surplus appeared inevitable Tho The f fact ct that the Liverpool market had fal failed el to follow yesterdays yesterday's lato decline tended further to handicap tue bears Regardless of ot advancing prices shorts horts lost no tIme In seeking to cover sales Belated holders Instead of ot the shorts were the sufferers In the tho final adjournment adjourn adjourn- mont ment of or September wheat contracts contract Liquidation caused a sudden Budden break of G 5 55 cents In tho September option opton the price dropping droppinG Jc c at a time but with lh an immediate rally raly of ot He prior to the thelast thelast thelast last gong gong i Corn reflected the action acton of wheat wheat Changes in price though were comparatively com corn slight Oats trading consisted almost entirely entire entire- entre- entre ly of or transfers from nearby deliveries Provisions Provisions' were ero notably Irregular Lower quotations on hogs hois depressed the tho distant months but shorts snorts bid up 1 Surplus and Ur- Ur Capital divided Profits Resources I 5 5 5 7 13 I 03 89 1 GS 61 36 53 I September and October opton options especially espo- espo daily In pork and ribs Loading futures ranged as follows I Open I High I Low LI L I WHEAT WHEAT- Dec 15 ft May May 1642 1551 1 1531 1532 1 is I CORN CORN- Dec Doe 73 7 7 1 May I 1 76 11 1 OATS OATS- OATS Dec 4 8 8 48 43 4 May 1 1 1 51 lH 1 bl I 51 PORK PORK- Dec Dee 23 0 I 2350 2280 Jan 2287 I 2205 1280 2245 I 2 O OLARD LARD LARD- LARD I 1367 1850 I 1350 Jan 1326 1867 1 1327 1315 I 1316 1315 RIBS RIBS- RIBS Oct 1890 1382 I 1885 1385 Jan 1236 1235 1237 12 O I IL 1222 2 Cas Cash quotations Wheat Wheat No 2 3 red nominal No 8 S r Tt rd d. d 55 No 2 hard fn No S Shard Shard hard Corn Corn No No 2 yellow cloW 90 c No 4 yellow elow 84 3 No 4 white 84 Oats Oats No 3 white atan standard stand stand- ard He n Rye Rye c No 2 Barley Timothy 3 Clover Clow l. l I Pork nominal Lard 14 H 45 Ribs nominal Utah Apex to Use UseN N elV Saving Process The Zinc Zino Concentrating company compan has signed a contract with wih the Utah Apex Ape Mining company compan for tor tho use UBO of ot Its Hs process which means a n saving of oC the tho zinc values In tho the Utah Apex ore oro ore says says tho the Wall al Street Journal Journal The Zinc Zino Concentrating company compan has also closed a contract with tho the lJ- lJ Mil Mil- Linden waukee-Linden Mining company compan for handling I Its entire entro oro ore output output The company compan Is shipping about forty tons tonsa a da day and Is arranging to Increase this output to tons Tho Tim plants of the tho Zinc Concentrating company compan at Cuba City and Linden Wis Vis aro working working at tu lull full capacity and earning In excess of ot per per month MONEY MOXEY Now York Sept Sopt Sept SO Prime Prime mercantile tile tle paper 3 3 Sterling SI Sterling Sixty Sixty day da bills bis 71 de domand do- do mand matI 1752 54 cables marks de demand do- do mand 70 cables demand domand 1 12 16 16 15 cables 12 8 8 1 guilders guiders demand domand de do- 0 mand ci 10 cables 41 4 litre demand 66 cables 6 6 45 6 Rubles demand 32 cables 3 1 Mexican dollars Government bonds steady railroad I bonds firm rm SUGAR Now York Sept 30 The Tho Tho market mareet for sugar futures futules was waR firmer toda today on covering coy cov ering and some somo Inquiry for tor trade trado account account ac ac- ac- ac count prompted b by the stead steadier lor feeling of oC the spot market at nt tho close last night Closing prices y to 6 points higher day Raw and refined sugar bolt holi hol- hol TIE STOCK Gb Ch Chicago Sept 30 Receipts Hogs Hos Hogs Receipts 1000 weak under tinder yesterdays yesterday's days day's average c. c Bulk Bult light ht 1030 mixed heavy rough Q pigs pig G. G 60 fO iJ HI 40 Cattle Receipts steady Native beef cattle cate |
