| Show EVENING MAY 26 1923 Grains Provisions I SAT LAKE LK MARKET Quotations by by Creamery Co Case Cu lots lot Pres Fruh r sh extra creamery butter In pound 68 0 cubes cubes I 4 42 Fresh Fruh extra creamery butter In cartons carton cramer buter 44 44 Fr Fresh extra c creamery m j butter iii In prints t n 41 43 Fresh Fruh firsts first creamery butter In Sn cartons crumer buter 42 Fresh Fra firsts first creamery butter In Parchment prints bute 41 cc t butter In cubes b SJ 1 Selected fresh freh eggs 29 u Ranch eggs ele I Fu Pull fc 11 cream re cheese chees hi 21 n 25 Full Fuli Ful cream crem cheese Young Americas 16 cream am ch e pound S-pound d squares a 27 37 Block RI Swiss cheese R 28 38 Cream brick cheese chesse 20 30 SO KANSAS KASAS Mo Mn o. o May 26 I. Butter eggs eel and poultry unchanged CHICAGO May 26 Lower 26 Butter receipts tubs creamery extras extra II 3 c standards U c extra utra firsts u U seconds 1 Steady Stead Steady to tv tv weak receipts cases tor storage r. r pack firsts 26 c chaD storage changed ed pack packed d extras extra X tie others un un- un- un Cheese Unchanged NEW W YORK YORK May S Eu 26 Butter Easy creamery higher than extras 39 HOc crame creamery extras 31 0 lOc a Steady state late nearby and nearby near near- net by fX western henner hennery whites first to ex extras ex- ex tr trap tras Cheese he CHICAGO May Mar 26 higher H fowls fowle e broilers broiler roosters ooster I I NEW EW YORK Ma May 26 LIY 18 Lire poultry no quotations changed Dressed poultry quiet prices ii un un- SPOT BrOT COTTON corro COTS NEW YORK YORE May Mar 26 Spot Cotton Cotton Spot QU quiet m middling I 5 COTTON FUTURES NEW NEV TORK YORK May 26 oton Cotton Cotton futures future closed steady tedy July October December January March COFFEE NEW YORK Bio ra e Rio No 7 11 ii 1 lOc 1 Uc 7 future futures steady tudy July September FLAX FL DULUTH Minn May Iday ay 26 Flax Flax May nU asked aked July bid Septem Septem- I 7 bet ber 1 bid October nn RAW HAW SUGAR SUGAR NEW TORK ORK May Ma 26 The U.-The The raw ra engar su en sugar a. a gar Jr market was wae firm finn and prices price w were re re unchanged at 0 for Cubas Cubo cost cot and freight equal to 2210 for fol centrifugal al Business w. w was In active the only sale 1111 reported being benl a a lot of ot bags bag I of Cubes Cubas for fol second half June Jun shipment to toan toan an n operator The continued was warm ar weather was wa looked upon as a. favorable for an In Increased In creased crad consumption of sugar UI and nd led to renewed buying burinI by both trade Interests Inter Inter- cots ests estl and commission houses hOUM in the raw raw sugar futures market today with I closing O from prices fc at tUb about u the best dr of the day and from 3 1 to S I points higher Closing July September December March rach In refined there was u no no change In list let which ranged from to OOOo for fine granulated C but one of the higher priced refiners refiners' announced that they would a accept a 1 limited d at 9 The demand in continued u of fair proportions In refined futures there tere was wa a sale ale of on one lot for fol August AU delivery delvery at J I WEEKLY EY FINANCIAL nACI REVIEW RE NEW YORK May U.-he U. The The action acton In Insecurities insecurities securities and commodities prices which has hu been ben under way since pinc the first firt week in March lach came cam to a sudden udden halt hal this week which witnessed a sharp rally raly In Inthe Inthe inthe the stock tock and ad other speculative markets Expert observers generally were of the opinion that the market markt had bad been te ben oversold oversold oye- oye over over- sold at least t temporarily 0 cud and that the brisk k ar recovery cl y was a natural dc correction r of a weakened technical condition Opinion ion Is 2 s still stI widely divided as a as to whether the recent reaction was wu the beginning of a bear market 0 or a temporary ee setback setback set set- back back- c Incidental d f to the final iJO phase M of f the tb bull bul market which began In la the late lat I summer IMme of 1921 There Ther were several evral consecutive developments devel level I during the week wuk Including the t e statement of the federal reserve board advisory council counci that business and credit conditions were good and that that there was wa no Immediate prospect of an increase ir In In federal reserve ruee rediscount rates ratel and the announcement that J. J P. P Morgan A 4 Co had agreed alred to underwrite part of the Austrian loan which h has been accepted as a evidence of the soundness of the In Investment investment In in- vestment situation Railroad shares again came cam to the fore on the report that for the tb week ending May lay 12 1 were t the e highest this year and within tour four per cent of the record a of all time Oil lf shares et or were heavily bought on publication of ot statistics statis tte tics tc showing a substantial decrease Inthe in inthe the he production of California crude the Immense surplus of which previously has hu huI had a d depressing 1 Influence c on both commodity corn com I and de stock prices I California I I Petroleum Pe PS- was the individual feature of that group Jumping nearly 20 points point above aboe lest lut weeks week's closing price Speculative belief belef that the Austrian loan lon would soon oon result In an Increased demand for copper coppel from that tha country was wa responsible In part for tor the brisk recovery In those thoa shares har Motors continued continued con con- to be Influenced by record breakIng break break- log Ing ID sales pales and production reports Cancellation and suspension of buIldIng building build buIld- ing projects were wr used as a. excuses by bear ber traders for tor the Intermittent hammering ham mering of the steel tel hr shires shares Elbert Elbet K Ii Oa Gary chairman charman of the United States Steel corporation pointed out in his hi address before beor the American America Iron and nd Steel ad institute that the steel Industry generally could run along lone for six Ix months month without another order for structural steel tel WEEKLY BUTTER DUE CHICAGO May ra 26 Under S.-Under Under pressure of a more rapid increase In receipts the butter buter market during the week ended today continued weak and unsettled says YI the report of the United States department of ot agriculture Prices Price were considered too high and quality unsuitable for storing Consumption considerably consid lion tion ton the only ODly outlet although enlarged was WI not Dot sufficient to absorb tb the full ful increase in production Under these thue conditions It It Is I not surprising star sur pricing that the market maket found little support Receivers naturally were wee anxious ax mx- mx ious Iou to effect a a dally cleara clearance of ar arrivals ar ar- rivals and this together toge with with more mor or orIus orless orless less Ius irregularity of movement of at butter bute to markets frequently caused periods o of extreme Despite the tite rather heavy hey declines there was some om Indications that thit prices were nearing bottom Probably the most mot important of these the was the arrival of Increasing quantities of grass butter butr on onal Ir all iii al markets markt particularly at a Chicago Traders also Ia gave their attention to the tact fact that this is I. the first tnt week this season eaon during which the into toral storage exceeded the out of storage stora move meat ment The Tb quality of receipts during the week was w. not so 0 good Wholesale prices prien of OD score cor butter at Chicago closed at 38 I cents a loss lets lOl of 1 1 points Quotations from New heW NewYork York Boston and Philadelphia arrived too late Ile for fol compilation FOREIGN EXCHANGE NEW YORK TuRK May lay 26 Foreign Foreign ex exchange u- u change change YORK Steady Great Grat Britain Britain DC De mind mand mand n 16 1 11 cables cable six sir ty-day ty bills bi on banks bank 15 11 France Demand Demand cables cable 16 e Italy Demand 4 cables 47 o Del Bel- glum glum Demand Demand not Oc cables C 1 I 69 b 14 C. C Germany Germany Demand m Demand and cables 44 0 Holland Holland Demand Demand cables Norway Norway 1090 Sweden Sweden Demand Demand Denmark Denmark- Demand 1 Ue Switzerland Switzerland Demand Demand 10 Spain Spain Demand aln Demand Greece Demand Jan R Poland D D. D Demand c. c e Czechoslovakia Demand IDIe Argentine Demand Argentine Demand Brazil Dral Demand Montreal Montreal- Montrel 97 3 D BAND UV Ia Ol INDIA LONDON May lay 26 The The Bank Dak of ot In India In In- dia dla dil today reduced It Its rat rate of discount from I S to 7 I per cent Local lt Metal ea M Markets Market aked I Sliver 61 nf 5 Domestic 11 o- o 1 Leant 70 Coon cathodes 14 l loo t j i il CHICAGO GO WHEAT WIE T. CHICAGO May y 26 Official fl figures reon re on the probable yield of ot wheat In Kansas Kan Ran sos sas si proved larger larcer than the majority of traders here hee had bad looked for and the wheat heat market took a downward swing awing today during the tho early erly dealings Kino Ine in weather counted also 1110 as a bearish factor and aDd so 0 too to did weakness In the corn market Rather Bather general selling on the part pat of holder of wheat hea was wae In ID evi evi- dence After opening unchanged to c clower clower lower Jower with July Ul to 1 1 17 and September 1214 to nu wheat underwent un un- derwent a decided all al around arund drop In value Subsequently prices price continued to fall fn 11 there was a a a pronounced absence of speculative buying Predictions were ere circulated that Russia would have bave bushel bushels of ot wheat whet for fol export t this l. l season rason The close cloe was I heavy 2 S to 20 net lower with wih July to 1 and September 1 to 1 Corn prices were ue depressed by by the reported large Increase of corn acreage o. o Ie In Kansas Opening quotations which ranged from rom 34 to c lower lowr with lh July 73 to 78 c were ere D oy a material ma ma- further decline Enlarged receipts of corn at Kansas Kalns City CIU gave ave an advantage to 0 the bears bear The closed I weak 2 i 10 to Z 26 1 lower tw with July 76 to tats Oats started unchanged to o off oft July Later all al the months month showed oed price 1 losses The provision lon market went down with wih grain and hogs bogs hoCI The Th grain table Open High Ilch Low Close Cloe Wheat May itay ay 11 11 July 11 11 11 Sept 11 Corn May 71 7 T 77 7 71 76 76 H 77 H i 75 i Oats Oats- Oda May 4 i 42 4 41 4 July July 42 42 4 41 4 41 4 Sept 39 40 40 n n i Lard Lard- July Lard Lard- 2120 1120 1112 1111 1117 Sept Ribs Ribs- 1146 14 1111 1145 July July I I 0 Sept The Th graIn quotation 2 hard 2 3 c No 2 yellow yel- yel e- e JO low Oats al lf 1 white c No 0 S 3 white Rye 2 lIe I a Timothy seed 6 Clover Jover seed P Pork Nominal I Lard 1113 I Lard Ribs G 06 I I OTHER OTI GRAIN GRIS MARKETS MINNEAPOLIS Minn Mba May My 26 28 I Wheat Wheat Cash heat uh Cash No 1 3 northern O 13 No 0 1 I dark northern spring choice to fancy good to choice ordinary to good good 1190 May Slay 1 July lU September Septem Septem- ber 44 Corn Corn Cor No 3 yellow etow 76 75 7 04 C TOo 10 Oats Oats No S white Barley Barley I 54 4 I Ic Rye Rye No 2 c Flax rae i No Ii 1 af 7 KANSAS CITY Mo 10 MI May IS heat U. Wheat No 2 1 bard hard No 3 2 red May asked July uon 01 bid Corn Corn o. No 3 a white U No 2 yellow elow 8 No 3 2 yellow 88 a Ole Hc No 2 Z mixed aH May no trading July July 1 0 asked September 75 7 0 c. c c Hay Itay Unchanged ST. ST LOUIS May 28 Close Wheat Wheat- 1 July Corn May Corn May flOe July 78 c. c g Oats Oats May i May N July 43 C. C t tO O OMAHA AHA May 26 Wheat Wheat No 2 hard Shard Corn Corn No 2 3 yellow 80 8 c 0 No 2 J mixed Oata flats No 3 a white No 4 white 40 I Investment Securities BANK BANI STOCKS I Did Bid I Asked Bankar Bankers Trust 1000 8 ColumbIa Trust Co 00 Deseret National Bank DInk 1700 Leeret ay Bank 8 2800 Continental Nat Nt Bank Dank 1400 NitI Nal Copper Bank Dank 1 1400 1100 Utah Utah State National atonal 10 00 1100 Utah Savings Trust 1100 Walker Bros Bankers Danker Zion Savings Dank Bank 2400 Utah Nat Ogden Oden 1st lt 1000 1000 First Firt Utah Ulah Say Sav Ode Ogder 2100 INDUSTRIAL STOCKS Sugar corn com I 1 25 40 do pOd pfd I 1000 Ben Life Ilfe Insurance 1400 1000 Cement Seo 1500 lad Ind Coal Coke 62 6 17 f Layton Sugar e 1200 1000 ca Called Morgan Canning n pfd State T. T T. T o i Mutual Ja Creamery Peoples People's Sugar and coin com Johnson Schramm-Johnson h Cs Johnsn pct pfd 1046 Standard Coal Coa 70 71 com a. a 60 dc 24 Ut Utah FIre I Clay l 6 1100 g t Utah P k W IV let pfd Z C 22 1 I lt Utah Home ulme Fire Ins 2000 Springville Mapleton 00 C Utah ah Oil 01 Ref new nw 50 1200 BONDS Sugar Bura 7 7 Sumpter Val R K R RS Es Va Hotel Utah Co 75 7 Utah Sue Sug Is h lUO 1910 Virtue Clift 34 C cut Morgan 75 7 Moran S 8 L 1 Stock lOx Ex Os 29 39 1000 S L 0 Ry By Is 6 34 1 B 8 I I. I Term Co 65 6 36 3 S L Le Ut Ry Ri Is S U 44 1 Columbia Steel Telluride Power h Es 21 3 GRAIN AND PROVISIONS CHICAGO May a 26 Higher U. Higher prices for whet wheat have hav gone Iono hand in hand this week with wih lower prices price for corn Unfavorable Unfavorable crop reports lifted tOe tn value of ut wheat Some Home enlargement of ot corn re receipts ro re- re at St. St Louis Loul Kansas City CIT and Omana weakened wakened the lh corn market markel Compared Com Corn pared with a week uk ago alO W wheat beat this thle morning morn mona tag ing was 4 c cent to 1 cent h higher h c corn l a ac down at 3 U cent t tc decline de Os' dine cline clDe to a a shade advance and ane provisions from StIle off ott to 16 15 1 cents cent gain Impaired crop pro prospects for fol wheat were reported lay Cay after aner day irom Hom Kansas Aln Kan Aen- sas and nd Oklahoma and nd from onto Onlo In Indiana Indiana In- In diana and Illinois as well wel and there thee were Indications oD that whereas spring what advices were favorable the growth throughout the entire entice winter wheat beat belt was subnormal Although some om traders trader were wee disinclined to place plc much faith in the th reported deterioration others othen took the th ground tuat at 1 to a a large larlee e eDt winter wheat whet was wa going back In Instead instead Sn- Sn and nd that stead tead of making progress warm weather wather o was wa to bring the tb crop along Dig Big export clearances of wheat and abel flour together with wih a decided falling off In the tb United States visible supply of of Wheat tended further to whet wheat prices like War moves mUTe by our ur koy hey and Greece Grec Yar were wee also als given some om attention as bullish factors fac Slowness of speculative buying and of new ex export ex- ex port business acted as more or less leu on por upturns In price and so to a at times did ra I weakness of of stocks c together r with maser maser- I Uon that European crops crop were wee In bet bt- tir condition than last lut year Ta tl Notwithstanding that no 10 increase of the movement of corn to Chicago took place the tb corn com market was w. bearishly at- at by the lessened scarcity at other othe centers center Oats Oat were wee easier ealer than corn coro corn I Packing hou houses repotted reported trade brisk I and inS provisions averaged higher despite I Ia a a setback tn 10 hog boe I i TODAY'S BONDS I NEW YORK TORK la 1051 26 DoDd Bond Bond prices generally V continued firm In relatively I quiet trading today todY United States government gov gov- Issues SUI which turned slightly lahty r reactionary re- re late lat trading yesterday in the elera resumed the tho downward movement probably probably ably rume were Ir o. o on small profit I tA A t. t taking gain rn o of but u 1 the by di declines decline Frisco I Income Os 6 was the only outstanding I change chana among the railroad mortgages practically amonI all of which registered fractional fro frac 1 Industrial liens len continued continued con con- con I to |
