Show I I FINANCIAL MINING AND OIL NEWS S j ji i Edited by Ira C. C Tichenor MONTANA POWER IS IN LIST OF BIG COMPANIES Now Declared to Be One of Most Important HydroElectric Hydro- Hydro HydroElectric Electric Properties Montana Power Jn tn Its fiscal 8 al year ear to toi December 31 realized the lar largest ts J c i profits in tn its Is hl history tor The common stock balanco balance amounted to SO per pcr share I Ia a against 30 per share In tn 1916 16 The he reabon rea- rea decrease In share profits is bon bot for or the that at nt the end of or las last t year nar ther was outstanding of dividend bear ing common a against O at nt the dose close of J G This is an Increase of cose In dividend bearing common during the thc year Despite tin thi heavy leavy i a. a tle cr durIn growth in common of over 2 27 per cent the balanco balance for dividends was well wel able 5 5 o dividend to to take care of or the present I with a surplus of 60 GO O per cent to the good says saSs s 's tho the Boston News Bureau Montana Power has grown gown to be one of or the mo mot most t Important h hydroelectric properties properties prop prop- in the country It I serves almost tho the entire state of oC Montana and It I serves and at atthe atthe atthe intimate household way It U I in ih an motive motive mo mo- furnishes a the same time n tive thc power to the great industries of or that state Including miles mies of oC St St. St Paul electrified railroad The company coman has made a most re remarkable re- re growth in tho the last five years ears Since Ince the end of 1013 1913 its Is gross goss earnings earnings increased or per cent have and divi dividends and Its net profits for Interest a Is expanded or 1010 1019 lends have h e per cent There ha has of or course been a In outstanding but steady teady growth capital the common has in tho the interval advanced from a 2 Z per cent to a 1 5 per cent divIdend divi dividend divI- divI basis sate sale of oC The company has an Important to Anaconda for manganese purposes purposes purposes pur pur- poses power which will become effective probably probably wt ably during 1918 This sale will wi be very advantageous It will wi be bo made mado through existing distribution I lines and nl in such sucha a wa way that 90 per cent more of the gross gos proceeds can cn t be o sa saved ed for net I NEW YORK STOCK LIST Badger Bros brokers 10 South Main street furnIsh the following quotations wires receIved over their privat I Sales h xii Am Beet Sugar SO 79 79 I Am Can 1600 43 4 42 42 Am Car 1 75 Am 1900 65 63 63 63 Am S. S Ref Ref 80 78 Am sugar He Ref I OO lOt lo lOt Am Tel Tel 99 9 I na Copper 64 6 63 63 AtchIson 1100 1100 S1 t 81 84 8 I A. A G. G W. W 1 I S. S S SI 12 1091 n Bait Ohio 56 54 4 B. B 1 S Copper 1 M 22 22 21 I Cat Cal Petroleum S. S 16 Can Cati Pacific Cen Leather 2700 69 68 68 Ches Ohio 59 57 57 I C. C r. r St St. St p. p P. P 1000 U ii U 41 1 5 r 9 C. C ChI R. R I. I I 1 1300 22 2 21 21 21 I IC Chino Chine Copper ZOO OO 40 10 40 F. F I. I OO 00 38 38 Corn Pro Prod Ret Ref 1000 31 36 35 35 I Crucible Steel 65 DIs Securities 1600 38 38 ErIe 16 15 15 15 Gen Electric Gen Motors 2500 OO 12 1214 Gt North pfd pM 1500 90 89 CL Gt Nor or ore 1900 28 28 Ill Gt Central 95 95 95 1 Ins Copper 45 H 44 ti 44 K C. C Southern Souther 16 16 16 I Cop COIl 1400 31 31 31 Louis to Nash Mex ex Petroleum 91 91 n 91 Miami Copper 30 Mo pacific 1300 23 3 22 2 22 10 Montana Power GS GS CS 67 Neada Copper 18 8 18 18 N. N Ne d Y Central 73 7 71 7 71 N. N Y N. N 1 H. H IL H. 29 2 28 Pf 28 Nort Norf VI cst Nor Pacific 2400 16 64 S 81 I st 34 I Pac c Y 28 P pennsylvania l anla 1100 44 4 44 H 44 I Ray Con Cop 23 23 2314 23 Ry Reading 85 Sv 4 62 8 82 Republic L I. S. S 1300 SO 79 79 I Shat Ariz Cop 97 Shat Sou Pacific 2600 83 84 84 14 Sou P Uway 2500 2414 23 23 3 1 Studebaker Corp 15 45 15 Texas Co 18 13 Union Pacific I U. U S. S I. I Alcohol 1400 19 U. U S. S Steel n 92 90 90 I I Preferred 10 10 Utah Copper H. H 79 I Wabash Uth pfd B 22 2234 I Western Union Union 92 92 9 92 L I Elec OO 41 UY n 41 40 I Total sales for the thc d day shares STANDARD D OIL STOCKS I J. J A A. A A Hogle Co South Main street furnish Curnish the following quotations received over their private wires I 1 I Bid I Asked I Anglo 11 12 1214 1 Atlantic I 15 I Borne 1 43 Brne 93 15 9 95 II Colonial 10 41 40 Continental 45 Crescent 30 33 C Eureka I Galena Corn Com Galena Galen phi 4 Iii i Pipe pCt 18 md Ind II Pipe lipe 92 j Nati Transit 13 1 13 Nat N Y Transit 20 Northern PIpe Ohio Oil 01 Prairie OR 78 Prairie lipe 01 7 Solar Southern Souther PIpe Southern Souther Penn OU Oil ii H W v P Penn nn Pipe 92 97 0 OCal o a r 0 Ind Cl 20 6 5 8 0 s 8 BOKy 0 Ky 30 S 0 Neb 30 S SON s SONY SON Y S 0 Ohio ss 39 Swan Finch 9 Union Tank Tank 14 96 95 Vacuum 95 4 Washington ton 2 30 31 30 Pierce Oil 01 24 9 10 Penn Mex ff 40 40 43 I T Text of Stock Anti Jobbing Ordinance Framed For Sa Salt Sali Lake I VING is the text of the ordinance introduced last night i by Commissioner Green e eAn An ordinance cc amending chapter 33 ol or I tho the Revised nc Ordinances of oC Salt Snit Lake CI City of 1913 by hy amending section of oC said sid chapter ter ch and by ad adding ing in and to said chapter seven new sections to bo be known as sections S and Be ne It I ordained by th the board of com com- of or alt Lake Ike City Utah Section of chapter 1 1 That section 33 of oC the Ordinances of Salt Sai J A k CI City of 1913 he be el and the same samu is hereby amended so ns to read as ns follows Section It shall be unlawful for foran an any pert person peron on firm or corporation to en engage n In gage in or conduct the business or act In the tho capacity of oC stockbroker within the limits of or Salt Sal Lake Lak City without CI first t having havinS obtained a n license a ain as asin ra raIn in this chapter chapt r provided An Any person firm finn rm or corporation who or 0 which for a commission or other compensation com corn enga engages cs In conducts or negotiates ne no- the buying and selling and of offering offering offering of- of fering for sale or buying u or selling ln or offering for sale of stocks shares se securities soI so- so curl les or cv evidences of oC tocks s of corPorations corporations cor cor- I or as association or 01 of or value contracting in his or orIs orIts orits Its Is own on name or for or as agent of another or for or on account of another nother shall be deemed a stockbroker and en ened engaged engaged en- en ed in the business of oC st x I An Any person firm or corpo corporation ton en engaged engaged en- en Ja ed In euid wid business o o 0 stockbroker shall Rhal obtain a license to carry on such business and nd shall pay ay for tor or such uch license the sum of oC 25 per year car Section 2 That chapter 33 of ot the Revised Revised Re Re- Ordinances s of ot Salt Sal Lake Lalie City of or 1913 he be and the same Is hereby amended ed b by adding In and to said chapter seen se new sections to be known as ai sections 1 S and act I saul said id new sections to read as follows fol Col- Slows lows Sections It I shall be unlawful for any person firm association or corporation corporation corpora corpora- tion ton to engage In or conduct the tho business of a n stock exchange where stocks are arc arold ld on the floor of the exchange e b by stockbrokers who are members of or said Bald exchange or b by public call cal or for Or conducting con COil ducting tho business of or a stockbroker where stocks are sold by means of ot public display of oC stock quotations on a bulletin buletin board or other similar device or b by public I Ical call cal without first having obtained a alcen license c as In this chapter pro pro- vided The license fee tee for conducting tho the business of oC a stock exchange shall shan be 00 per year S Section An Any person Ierson firm or corporation corporation cor cor- applying applIn for tor a license provided for in the tho two preceding precedIng sections ecton shall file mc a written statement under oath oth showing the tho residence of such uch person persen the tho members composing such firm and the nature of oC the interest of each the of- of of oC such corporation and where In Incorporated In- In I Clr and the maI managers ors of such stock tock exchange and the of business o of su such h ler person On firm corpor corporation ton or ex exchange exchange ex- ex change and Jl shall furnish the license assessor as I sessor and collector information as to the character and integrity of such person cr cr firm and of oC the officers and directors of of such corporation or stock exchange e. e All An applications for or a license to conduct and operate a stock exchange shall shaH also contain contain con con- tam tain a statement giving the name of the corporation or association the officers and directors thereof and the location character and value of ot tho the property and whether the same is bonded and the title tte of the corporation or association thereto the tho number of oC shares of or capital stock tho the par value of or each an and the tho number of shares remaining in the treasury in all al cases where the stock of or such corporation corporation corpora corpora- tion ton or association is to be Haled or Md on such exchange where such stock stoc has las not been listed on an existing stock stok ex exchange EXchange EX- EX x change In Salt Lake City prior to January 1 1918 InS Similar reports report of or any new stock shall bo be 10 made by such exchange whenever such stock Is listed All An persons applying ing for Cor a license to I engage In the business of stockbroker r as defined in section before beCore selling buying or negotiating tho the buying or I seln selling of ot stocks of an any corporation atton or association whose stock was as not listed I on an existing stock exchange in Salt Lake City prior to January 1 1 1918 1915 unless unless un un- less such stock has been reported bald by b- said baLd exchange shall f furnish information relative to the location character and value of oC the property which such stocks represent ent and tha tho title tte of or such corporation corporation corpora corpora- corpor- corpor tion ton or as association In said property the I extent to which such property has been d developed and describing the Improvements Improvements Improvements Improve Improve- ments thereon whether the same Is a ai aj I pro producing property and the output thereof there there- I of of oC and what if I any dividends have been I by sal said corporation or asso association laton and describing any cumbrances on said f property the number of ot shares of ot au- au i au-i capital stock of such corporation i or association the par value of each and I tho number of or shares remaining Ih Hi the treasury and the name nam of each corpora corpora- E slem II By Associated Press NEW Y YORK March 18 Resumption of st stock k dealings over the week end was I attended b by moderate steadiness and ve very ver I light operations Rails lInus were erratic substantial substantial sub sub- I gains In Eries and Southern Pacific Pacific Pacific Pa Pa- being balanced b by the tho further heaviness of Canadian Pacific and St. St Paul preferred Specialties notably Sumatra Sumatra Su Su- Su- Su mat matra Tobacco and anti Beet Sugar also re re- re acted Leaders Leader as ag represented by Reading Read Read- ing lag and United States Slates Steel made Rend Rend-I slight advances Libert Liberty bonds were irregular Prices yielded gradually soon after fer the opening on a minimum of or business Reactions Reactions Re Re- eI e- e actions ranging from Cram fractions to a n point were made by hy Reading Studebaker i I Bethlehem Steel Baldwin Bald win Locomotive Anaconda Copper and Erie Eric first preferred pro pro- I erred but the movement in rails rais was nominal nominal United States Steel held within with with- wih- wih I in extremely narrow limits and specialties reflected the sub subsidence hence of speculative 81 I activity At noon the list strengthened I I again agrin arn on a moderate advance in equip ments menta Liberty Libert 3 35 s sold at 0 to I first tours fours ours at to and s second cond fours at 9 9 99 86 to 96 NEW YORK PRODUCE Dy By Associated Press Pres NEW YORK March arch Flour 18 Flour Flour Flour- Steady springs 10 20 7 winters winter Kansas Corn Corn Spot Spot easier kiln dried kin dried No o. o 3 yellow No 4 yellow low 1 72 No 3 white cost and freight Now York prompt shipment Argentine nominal f f. o. o b. b cars Oats Oats Spot steady natural 1 Hay Quiet No 1 No o. o 2 2 1 ft l O No 3 shipping shipping I Hops Hops Easy Easy state medium to c choice I 1917 35 1916 nominal Pacific lacic coast I 1917 1916 16 Hides Quiet Quiet Bogota 30 33 Central America 2932 L Leather Steady Leather Steady hemlock solo over over- I weights No 1 iS JI No 2 46 Pork Pork Firm Firm mess mes family tam Cam ily Iy short hort clear Lard Steady Lard Steady middle west 2610 Tallow Tallow Steady Steady cl cIty special loose lose 17 Wool Wool Steady steady Y domestic fleece Ohio and Pennsylvania unwashed 65 3 36 66 Rice Rice Steady fancy head bead blue r rose c. c 4 tion or 01 association whose stock Is advertised ad ad- for or sale ale by such broker and the officers of each and such other Information information information tion relating to such stick stock tock as the license assessor and collector may mar require Tho license assessor and collector shall have the tio right to refuse to Issue such license If he finds that an any applicant has made false fatse or misleading statements concerning concerning con con- cering the property which such stocks represent rEpresent or has falsely re represented resen the character of oC such stocks or I If It ho he finds to be bean bean bean corporation such person firm or an unfit or unsuitable person firm or corporation to conduct such business provided that any I person firm or corporation corporation cor cor- who or which Is denied a license shall bo be entitled to appeal from tho the de decision decision IC- IC of or the license assessor and collector col collector col- col lector to the hoard board of oC commissioners and said sid board shall hal upon a hearing have power to grant or refuse e said license Section S If I It shall be made to appear to tho the license assessor and collector collector collector col col- col- col lector that any person firm or corporation corporation corpora corpora- tion licensed under the th terms of this or ordinance or- or ton Is 13 selling or of offering Cering for sale or advertising an any fictitious fraudulent fake tako or spurious stocks Blocks of any corporation corpora corpora- tion ton or association or Is falsely representing or making misleading statements state state- meats ments concerning the stocks of an any corPoration corporation cor cor- or association or concerning the tho porton property which such stocks represent while having the same for sale or wIllie while offering or selling such stocks 9 then the license o assessor and collector ma may re revoke revola re- re yoke voke such license and shall report such cuch revocation and all facts to the board hoar of al commissioners and said board oard upon the petition of oC the tho licensee shall shan have hae the right petton to set et l aside the tho revocation of or the I and collector or affirm license licence a assessor the same The license assessor and collector col col- j col-j lector hector may call upon tho the city auditor for such Buch assistance as he ma may require In investigating the value of all al such stocks of such or property or financial standing company wh whenever never an examination of ot books is I required to determine such facts I Section It shall be unlawful I for Cor any person firm or corporation while stockbroker engaged in the business of ot as ns defined In section ecton to publish circulate cir clr- cula te distribute or in any manner |