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Show SPECULATION WARNING REFLECTED IN .MARKET List Is Firni to Strong at Opening of Session, Makes Further Gains, but Suffers General Break Toward Close of Day. NEW Y0T1K. July 17. Stocks were firm to strong at the opening of today's active trading, trad-ing, ma kins fun her variable gains during the relatively dull inldsesstun, but broke with considerable con-siderable violence towards the close, when numerous nu-merous substantial gauia were replaced by net losses. The reversal la eked definite explanation In a n thorttative quarters, but rumors were current during the day that the financial powers, aided by the federal reserve board, intend to ibsttc another warning ngulnat excessive specula Lion. Muh of the day's news was decidedly favorable fa-vorable to the long account, embracing further advances of expansion In the steel industry, higher prices for copper and allied me tain and comparatively easy rate for cnll money. There wo s also a pronounced readjustment of the foreign exchange siluatioD, but not until rat pi on I-ondon had fa lien to new minim urns wit li further weakness in remittances to Paris and additional depreciation of neutral exchange. fcpeeulnttve Interest continued to revolve around the oils, motors and the vnrlous com modity shnrDs which Iibtc made up the bnlk of recent operations. To t hese wer added Be vera I of the m Inor or reorganized railways, Missouri, Kansas & Texas roinmon a nd preferred, pre-ferred, for instance, taking t he place of other western and southwestern Issues. Equipments a tso contributed appreciably to the broader dea lings, their early act I vlt y and strength being concurrent with reports that large domestic and foreign con tracts are soou to be awarded. Coppers made little headway, although al-though heavy exports of that staple are an Id to be in process of negotiation, bales umounted to 1.700.0(H) shares. Most of today's call loans vrere made at 6 per cent, although this was shaded at times for the better class of col la tern I. but time funds held at 6 per cent for nil dates. Liberty bonds were firm and foreign Ippups steadied, but roils and industrials were Blightly Irregular. Total sales (par value) aggregated $11.350,0)O. Old United States bonds were unaltered on call. TAX FREE vs. TAXABLE After studying your income tax returns, you may have come to the conclusion that things are not always al-ways what they Beem that apparently appar-ently high yields on securities shrink bewilderingly after you have paid income and excess profits taxes. Municipal bonds are exempt under un-der tiie U. S. Constitution and Statutes Stat-utes from income and excess profits taxes, and, next to -U. S. Government bonds are the safest kind of security. We have a list of wholly and partially par-tially tax exempt securities, all safe, pa3'ing 4'2 per cent to 7 per cent. A telephone call or postal card will bring the information. Pond L Mortgage Company Suite 412 Walker Bank Bldg. Liberty Bonds bought and sold for cash on basis New York quotations. LIBERTY BOHDS Will buy at top prices, paying all accrued interest, all issues U. S. Liberty bonds. A postage stamp or a telephone call will give you definite defi-nite information and prices. Many holders of bonds are sacrificing same, thinking they are getting full market. Edward L. Burton 160 South Main. Phone Was. 941. I Dealer all local high-grade I dividend-paying stocks, bonds, etc. Reference Any Salt Lake Bank BROKERS Members of the Salt Lake Stock Exchange. Stocks and Bonds handled han-dled in all markets. Liberal ad vances made on securities at bankable bank-able rates. Stock Exchange Bldg. Wasatch 1373. LUKE COLLECTS w0 t nu.'fway uax ctrv. vtam LUKE COLLECTS I: Drop frame trailers and semi -trailers make your men lift two or three feet instead-of five or six feet in loading. A motor truck is worth 12c a minute, and lt takes two men a Ions' time to lift three tons an unnecessary foot or two. j? HAtfftC&RE?- II s ?J 141 TO 143 PIERPONT AVE., SALT LAKE CITY. JJJ a "JLEB TRAILERS." (e s 1 MEMBERS Salt Lake Stock and Mining Exchange. Chicago Board of Trade. Direct private pri-vate wires east and west. Successors Salt Lake Branch of Logan & Bryan. J. L HOGLE S GO. U. S. Bonds Investment Securities SALT LAKE, OGDEN, 169 Main St. Eccles Bidg. |