Show I LOCAL SECURITIES I IThe The business development of the United Un States Is la progressing toward further prosperity says saya John C Cutler Cuter Jr in b I Is la weekly market letter The demand for tor structural Iron and steel stel is expanding The strike situation Is la clearing and trade generally Is improving But foreign corn com cm merce meree is against our country countr as imports continue in excess of ot exports This state of at affairs causes renewed discussion of at atthe the possibility of at gold being bing shipped to Europe Locally business conditions are ae getting better every ever day great re resources resources sources combined with wih the millions of horsepower ii h that hat could be supplied supple geat by the tho various mountain streams steams of the state a nd utilized for the running of at coming faa fac factories fao tories and industries make the future outlook 0 for our State very ver encouraging The Utah County Couty Light Power Co that furnishes electricity for the towns of Lob Lehi American Fork and Pleasant Grove has sold all al Its It treasury stock stock The company is I doing welt well wel and nd paying 8 per c cent ent per annum anum dividends and has de do declared de ing dared clard at its It quarterly per share dividend of at 2 per pr ce nt at nt payable April Apri L i The Te stock is now sell selling sl sellIng At the directors meeting of at the Uta Sugar Co held Wednesday the board considered favorably the proposition on to rth the 00 worth wort of at com corn common common cornmon mon stock outstanding on the basis of at suIng issuing Is ono one share shar of preferred stock for each two and shares of at common commo n stock In other words retiring common stock at 4 per share payable In n preferred stock at par of no 10 per share Since the matter mater was pr given to the public the te stockholders generally are ae pr giving expression expression sion aba to their approval of ot the proposition Last week common stock was quoted at 3 per share shar and preferred at 92 Preferred is quoted d this week at ex eX e dividend pr as tho the books closed March 24 M for f or the dividend payable March 31 3 Corn Com Common Cornmon mon per share stock in anticipation of at favorable action acton by the stockholders advanced to 34 Local securities have been fairly active during the week week and quite a number of the stocks on the list have been ben traded in Large sums of at money will wi be b distributed in quarterly dividend payments dur during durIng during ing the next few tew days so ao that the money markets will wl become easier after the first of April Apri Following are the latest quotations on local securities Investment Stocks and Bonds e DIVIDENDS S tC S goo 0 t 0 p p SECURITIES Capital 1 1 a Payable PayableS S 0 o 0 5 S Q 1 Amalgamated Sugar Co 6 6 Jan April Apri July Oct i 10 Common 4 84 8 8 Jan April AprI July Oct Oct 10 1930 Barnes Banking Co Kaysville 20 8 1 14 January Januar July 50 6 Con Can Bares Wagon Machine Co CoCon 10 io 1 ii Jan April Apri July Oct 10 Con Can Life Waon Ins Ins Inv mv Co 7 7 Annually 75 Continental National Bank 20 8 4 10 Deseret National Bank 60 1 12 17 Jan April Apri July Oct Oct 10 30 Deseret Savings Bank g 8 45 Mar July Sept Sept Dec 10 Davis County Saving Bank Farmington 20 8 12 January Januar July 10 First Davs National Bank Bank Ogden 1 12 IS Jan April July Oct Oct 10 30 First National Bank Murray 60 8 8 Jan April July Oct Oct 10 First National Bank Bak Logan Loga 8 16 January July 10 Home Fire Insurance Co CoH 30 8 12 Jan April July Oct Oct 10 H J Grant Co 12 1 12 Jan April July Oct Oct 10 Lewiston Sugar Co 00 8 Quarterly 8 10 1960 Merchants Bank 1370 10 National Bank of ot the Republic 80 8 8 January July 10 Nephi National Bank Bak 50 6 6 March September Ogden Savings Bank 8 16 Jan April July Oct Oct 10 20 Pingree National Bank Ogden 1750 16 16 Jan April Apri July Oct 10 20 Provo Pingo Com Corn Savings Bank 8 18 IS 1 Jan April Apri July Oct 10 Rocky Mth Bell Bel Telephone Co Ca 1000 10 60 Mt Salt Lake Security Trust Co 8 7 71 January July Sal State Bank of at Utah 30 O 1 12 14 Jan July 10 20 State Bank of at Brigham City 1 12 12 2 Quarterly 10 Sugar City Townsite Townsie Co 8 8 2 Jan April Apri July Oct 10 80 Thatcher Bros Bras Bank Bak Co Logan 60 10 10 Jan Ja April July Oct Oct Utah Bank Bak Co Lehl Lehi Am Frk Fk 9 9 Quarterly 10 Uth Sugar Co preferred 1000 7 7 March June Jue Sept Dec Dc 10 88 Common 10 Utah County Light Power Co 30 8 8 Jan April Apri July Oct 1 Utah Hotel Co 10 Utah Uth National Bank 20 8 8 April July Oct Oct Jin J n 10 6 6 March September Utah Savings Trust Co 10 Utah Uth Co O 7 3 July Oct Oct cu Jan April Apri 90 Walker Bros Bankers 50 0 12 17 January July 10 20 5 0 Western Wester Loan La Savings Co 10 10 January Januar July 10 ZIons Savings Bank Trust Co CoZ 00 8 i 32 March Marh June Sept Sept Dec Dc 10 60 Z C M I IZ 20 12 12 1 April Apri 15 1 Oct Oct 15 10 1 Z C Home 7 1 Jan April July Oct Oct 1 10 Common C O s 8 16 Jan April July Oct I 1 10 BONDS Add accrued rued Interest to quotations on bonds Can Con Ry Power Co City 1 1420 5 5 JUly 10 1000 98 93 Sumpter Valey Valley Railroad 6 6 July 10 10 Utah Light Railway Co City 1480 5 5 Januar July 10 1000 8 85 Utah Light Power Co 6 6 Apri October 10 10 The Uth Utah Sugar Co 6 6 Marh September |