Show i 1 i L Local cal Bond and Security D Dealings I 1 IA An A active market is reported by practically all al bond bondhouse houses house for sugar securities and stocks during the tile past week The common mm n stocks of the Utah-Idaho Utah and Amalgamated companies both strengthened and the demand for Amalgamated c common was exceptionally strong practically all al of the stock on t the tle e market being grabbed up around Utah-Idaho Utah I common advanced about 20 cents I The bones bonds of Both these I sugar sugar companies bonts likewise stiffened stiffened stif stif- I slightly and are available available avail avail- able now only at slightly I j better beter than part while a few weeks ago the tile Utah-Idaho Utah 78 were being eing offered around 98 The In which reported shortage sugar has caused sharp raises in the price of the Cuban product and In the domestic domestic do do- I e t supply p Is the reason s for the I activity Good earnings ar assured the beet SU sugar ar companies of ot this section sec eec tion both for the fiscal year ending F February a 28 23 and for the Ohe c coming year Yew eW new e rs Issues e were brought ite out t tIn In the local market Some California were ere In evidence an and some soNic rail Hens The Jonnson Schramm-Jonnson ba Drug g offered ir ed U of Us its 8 S per cent cumulative e preferred last week peO and the North Salt Lake Stockyards sold worth orth of bonds to the Carsten Carsten Carten Cars Cars- Car Car- ten Earls company of the Pacific coast vV demand for tor Utah municipals has brought about keen competition on the part of ot investment banking houses house to to secure he the few tew offerings that have been made In Inthe the state recently The demand Is strong for these taxI tax- tax exempts and the offerings that are I secured are sold rapidly CENTRAL TR TRUST OFFERS HIGH YIELD RAIL The Central Trust company Is offering offer offer- r- r log ing Carolina Clinchfield Ohio Railway Railway Rail Rail- Rai- Rai way first and consolidated mortgage 6 per cent gold bonds dated December 15 1922 and due December 15 15 1952 at 96 and Interest netting about per cent cent The he bonds are callable onor onor on onor or before December 15 1937 at and Interest the premium decreasing Vt 14 to 1 per cent each year er thereafter until maturity These bonds according to B B. B II It 1 Wayne Vayne sales eales manager manager are secured I b by mortgage on oVer oter miles mies of railroad raIlroad rail raIl- rai- rai road and are followed by Junior se securities se- se which represent an actual Investment Investment In in- In- In vestment of over Earnings Earning I are over twice the amount of ot the Interest Interest interest In in- In- In terest charges of ot Operating the r railroad rr a revenues ehi have err trebled and d nd net during income o thelast the thelast I last ten years ears The road operates through Ken Ken- b tucky Virginia In T Tennessee North t I Carolina and South th Carolina l lh through o oI I the coal fields In those sections T The e t road connects with several of at the thi I I largest larest 0 transcontinental ra systems Fred E. E Smith m president n and L. L P. P O hl manager of the municipal U pal department of the Central Trust Trusi company returned on Thursday from fron t Denver Colo Cob They tamed talked with ar a I number of the leading a n bankers and an I r J dar ar Investment v t e dealers le of Denver e C and d re report report port that tha they all al seem very ver optimistic I over the outlook outlook- for the West this thia I II year MAJOR LEE REPORTS REPORTS' BUSINESS OUTLOOK BRIGHTER Major Alva Le Lee Le manager of the I bond department J. J A A. Hogle Co states The outlook for local business business busi bust ness Is brighter than at any time durIng during dur dur- ing log the the past five years Practically all al other sections of ot the United States I States have have been experiencing a modest modest mod mod- est cot boom for lor several months In Ir I Utah Utah this has riot ot been true up to tc S the present We Ve believe beleve however that the country countr Is on or I Ithe the eve of ot a wave of ot prosperity Metal Meta 1 prides prices continue to show Increasing c 2 strength th Lead ude Is particularly aM al alThe strong The effect of ot the cessation of or th the PItman act has already been discounted discounted dis dis- counted marketwise Consequently Utah mines are In a position to W operate operate oper oper- ate at a substantial profit The price S of wool Insures the stability of this thit I Industry Strength of foreign exchange I will wi tend to advance e the price of tarn farm I products The outlook t k for sugar Is ver very P br bright tg for the c coming season Uta Utah L canners announce that prospects fora for fora forin a prosperous s year were never better bettel in h Yoet In the history y of the h state t All 1 these i factors will wi tend to stimulate local loca 1 business of ot every evry every kind and we believe beleve 5 that well wel known local securities are art I Ithe the best purchase In the thO market today Although Interest rates are showing a slight tendency to harden there Is it no prospect of ot tight money conditions I during the next year ear or two Bond prices are holding level or even advancing slightly The highest highest high high- est eat grade gade bonds show how some weakness but bonds 5 paying per cent and bet bet- ter are strong as are government government govern govern- I ment bonds especially those thoe of South 1 I America payable In sterling Few Fey r new Issues are a coming on to the mar ket and this tends to advance prices Our firm has had a good month owing to an excellent lent Investment demand demand de- de de dc mand and because we have had ti to tooter offer two attractive local oter very ties tes Schramm Johnson Drugs 8 per pet perCent percent cent first preferred and l Morgan Can Canning ning Company first frt mortgage bonds bondt 5 due clue cue In 1943 have proved to be j the thi S died most mot popular securities we ever han han- I I I I I STRONG INVESTMENT INVESTMENT- I DEMAND SAYS PALMER CO L L. S. S Trigg of t Palmer Bond and reports The demand tot for first mortgage I bonds of ot sound local corporations ha has ha continued strong t during I the week e Just t P i J closed Seven e per Cent ent f bonds d of both boti i I the Utah-Idaho Utah and I sugar g companies e have moved freely at prices price c above par a av First lr tOrl lien Hen bonds bondi bondiS eJ eJot of ot the Bamberger and Orem electric S railroads have been active The goo good I prospects for Increased traffic over ovel these thene roads toads especially the Salt Lake Lako i Utah Utah duo to t the e commencement 01 of wok work on the Columbia Steel plants are art causing a a lively Interest In these I bonds The same factors are patti partly party responsible for tor the demand among conservative Investors for 6 per cent first firt mortgage bonds of ot the Salt Lake I Terminal company as these thee are guaranteed guaranteed guar guar- i by the two e n gari gar gar- rail roads There has obe been some nm m move movement ment mont of Co Columbia Steel Corporation 7 r per cent bonds On Ott the local market marlett al although although al- al though dealers here were sold out of ot r the original syndicate offering some soini i weeks ago S That there Is more local money r available for tor investment than lation laton is evidenced by the failure lalure of ol r the sugar stock stock to react to favorable reports affecting the producing corn com ponies to the same extent as 03 the i bonds bonds aa as al well wel as the lack of at more com I than normal activity In other IndusI industrial Indus Indus- trial shares despite rumors Indicating depie Improved earnings Furthermore rove the tile local demand for tor I municipal bonds the hl highest helt grade In Investment tn- tn vestment security has liSs hIs been unusually active Our company has purchased purchase s I I recently I several e lm good sized d PI Issues of 01 f I general genora obligation bonds of ot Utah Uth countr coun coun- ty tr y and aHn city bonds totaling almost half hail halfa hl r ra a million milon which will be offered Investor tors tora tor In the nen near wi future LOS ANGELES UTILITY SERIES F OFFERED T- T R K II H. Rolling RollIns Sons Sons according to Fred A A. A B A.-B oYd Boyd yd manager of ot the Salt Lake office u la offering tho the new Issue of the Los Loa Angeles Angelu Gas Gu Electric genIt general gen gen- eral It and refunding ng mortgage g percent per percent cent gold bonds bondi series serle f F 6 dated af March larCh 1 1 1923 1921 and due March rach 1 1 19 The bond I is callable up to March 1 1828 1520 at 2074 less leu W 1 per cent each year PAr ear thereafter The hond bond Is ii being offers offered at 97 i per cent ent In nominations denominatIons t otere of ot and nd fl The c company compan Pays 2 per cent ent normal Income tax The Tho statement of ar hart this the 81 for th the year er r ending Janar Jan- Jan Il 1922 shows net earnings apProximately ap- ap P- P Proximately terest 2 times th the tho bond ln In- In GOOD DEMAND DIMAN FOR UTAH INDUSTRIAL STOCKS Edward L. L Burton Durton a sharp I Iemand demand developed In the reports local market for local Industrials last lat week the demand being especially keen the latter tat lat tatter lt- lt ter part of the of-the the te week for Idaho Jah Idaho Utah and Amalgamated sugar companies' companies stocks and bonds Mr 1 Burton Is of the opinion th that t the sugar es- es es the common of ot these companies corn com panics have not advanced as sharply as the market and conditions warrant Amalgamated preferred he states ates has hasi been In big l demand with Investors o i W hIrl Irl anxious t to buy u It at 97 with h little I Ithe on the market The demand for tor Z C. C M. M I. I and certain of the te bank stocks stock has been strong strOng he states te Indicating a growing demand on n the part of the f r dl public u VIr lo to invest In t these securities that a went through ro the recent period I p pI of depression e without f o e losing 1 their financial position I |