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Show Copper Surplus Is. Growing Fast U. S. Might Carry Big Blk Great Peace Consumption Sure c nl I (ALT LAKE BANK CLEARINOS. I1 Today'e clearings . . . J.02.44 II Same day laat year . . l.S2.07 71 u SAhl FRANCISCO Ml NINO STOCKS. .1. A. Hogle "o.. brokers, furnish the following notation, received over-their priate wires: j COI.nnELI) DISTRICT ! Bid. ! Asked. i Atlanta j .04, .07 Booth i:, I K ! Blue Bell n .pa i c it l .02 A Combination Fraction . j Haisy .02 I IMamondfield B B .ft ' .fX Florence ' , is i (ioldfield Cop ' ,2ft J..-.-.-H j' Kw-ana ' ,o .07 i Jumbo Kxtenaion ' . t.S I I,one Star .0 ' .07 I M erg it Mlin" ..... . ns ; 03 " Silver V'- k Con ' To ' 77 j Yellow Tiger f .01 j MANHATTAN IISTRTCT " i-: - BOSTON COPPER CLOSE. J. A. Hofl V Co.. brokers furnish the I -following quotations. received oer their ! private wires: j , , , , ! 1 Bid. ! Asked. sarin irav,, Adventure ... i 7S t 1 Thmeek tj 74 Algomah 1 2 ' 3" Artxona Commercial 11 Alloues , 4.", ' 4 ! Wngham ... V 1 t'iil (i met & Arltona .... j , (7 1 Calumet Heels 440 44. Centennial , 14 IJ'i I Copper Range 1 44' 4. j Palv Went t : i Pavls Palv j & l it f.S : Fast Butte ' , Franklin - 4 4S 1 tirarbv 71 ,' . ? tireene Cananea ! 4s Hancock j V 7 Helvetit . . . 2ft ; Jn Indian j 70 ( Tit j Island Creek , n do preferred V2 1 h.li ! Isle Royate 2 ; I Kerr 1 ska , , fU, Mfc-i Keweenaw .-. . . 141 U Salle 2 2 l.aka Copper t Mhwiti Valley . 3'4 4 i . ,, - THH published statement that there is a surplus of copper on hand amounting to 8(o,(HMtooo pounds greatly exaggerates the tacts, although if present poverty of buying orders continues for another sixty days this will he the condition of things soon after j-erruary 1. The above estimate of BOO.OOO.nO' pound t included "Min-k in process" nJlsTpr cpperon hand and In th im "ffs of rfitltiK, At the operation n i-.!ijf(nir blister poj'jwr the product o ManaachuatlR Con ! 4 6 lli higan Copper '. X 34 Mohan k 4 V ih I New Arcadian J IS - .North Butt a 1 1VS 1 Mpl-a!ng 1 K I UK North Lake i"i f ojihway l 2 tM Colony 2 ld I HKiiinton .17 ; 3x fceola ..",'. J l'ofd iVeek 1.1' 14 yultuv 64 , t4 St. .Marx 42 - j 44 South 'xh It 1 .1 Shannon I j Superior Hcmion 3' 3 Superior 1 'oppr 7'i TS j I . Mine Marhim ry 4."i 4fS I iIm preferrt-d . . ri' 2S Trinllv 2 Tuolumne I Stewart Mfg. Co , 37 4 37 '4 I I'. S. Smlling , 4a , 47 I do preferred 4 474 llah- Apk m-rrrrrrrr 4 1 I'lali Con a. l I I tah Metals ., 14 '4 Ventura K m Winona 0 . l 4 Wolverine 20 I ;'l Wyandotte j CO Manhattan Con ' 14 OS White Cap .12 Orandmn ' .04 ' . n, Spearhead Gold ' .17 ( m Co Mtn . .' .02 cracker .?a k 02 t Oreat Bend 1 .04 I j Nelhe . i 'jold Road 1 .01 ' COMSTOCK IHSTRICT " Con Virginia I .07 J Hale A Noivro n? ' MMWW timi 1. 1 I . . I l i . WS if!,'"' ' phn- u2 !t'", Savage ', I ft Sierra Nevada 1 t ninn ' .0; ( o$ TOM 1'A Ft I dSTRICT. " Caah It- ' n ( .o '.Ipa yurfii ' 4 .Mm Km Irr ' 7 I Hahf-ig : - iwi .17 1. Mon Pita Kit .04 ' Mmitana 12 !...... Mi man " . . ' ' o7 ' ' MrXimnra ! Vf-rth Sf -r ... ' .0 I " " Reaue Kula . .... . t .! I Tonop.ih Cxtenaion 2. on j...! thf;r districts Nevadi Htlta ' .03 ,04 j Round Mountain f . ?rt I W Tonopah . . . J tj I ' Oivlde ! 1.2:, INVESTMENT SECURITIES, .f. A. Hogla Co . brokers. J Main street, furnish th following quotations: Htlie Western smelter -to refined, mar- ketable metal conaumes ninety days. I it tw m iiiw H apparent that -5 er cent ljf our annual output la always "011 . hiind,' but f (ourse In the reflnintc vat a and not commercially available. nya the Huston News Bureau. j It cm not bo denied, however, that cntulttiona in the copper producing in-( in-( dust i v are ca-uamg some companies I icrn ve concern. While the situation Is serious, there fa no occasion for copper shareholders ! to become unduly alarmed, for as In ' previous crises a corrective solution ' will probably be forthcoming. . In a nutshell, we are confronted with , an enormous overproduction of the ipntal, now that the. allied govern - iih'Iuhe of cojiper into Wiir material, j 1 War work fur over twelve months has ' consumed 9m per cent of the copper output. In this country the I nited States 1 government has. of comae I teen practically prac-tically the only customer for copper In ; tarve fti;inttt v. This metal would tte apportioned to various munufacturitik plants engaged in this or That department depart-ment of war material production. The abrupt cancellation of war order finds the- plants with surplus raw material 1 stock of all kinds, iiteludinic copper. Kf forts have been made to Impress 1 tipoti the government the aeriousnrsa of the situation to the end that It lend so list a nt tal assistance in carrying for an Indefinite period a big block of copper cop-per which its sudden cancellation of I orders Ik cauaing to accumulate. The ' theory is that t hit metal could be liqui- dated In an orderly manner when re-i re-i adjustment and reconstruction prob- j leins have been worked out. j Failing to get governmental assift-, assift-, Alice, the only alternative Is a perpen-; perpen-; (Ifcular drop In the price or drastic cut , 111 the production, perhups both. With '. our refineries pouring; out metal at the rate of 2Wi.00U.0o pounds a month ! worth at 1'6 cents a pound fj2.O0w.0O0 the speed with which the surplus stock runs into big money Is quickly appre-; appre-; mated. All authorities are agreed that an 1 ; enormous peace consumption of cop- , per lies ahead - how far ahead depends. . first, upon the rapidity with whn h I Mingle can settle down to something j , approaching normal, and. second, upon j the price at which the metal will move) , in quantify With an enormous over- I "Upply it can't move at ITS cents, and. j ; furthermore, producers can t afford to! sell it for less If labor refuses to re- cede from sits present arbitrary atti- j ; tude. j NORTH SALT LAKE LIVESTOCK. cattle Receipts. 131; market steady;) ' choice heavy steers. $1 1 .njj 12.00; good ' t-teers weghtx 1. fin.oofi 1 1 OA; fair steera. : Is.OOfi .o choice cows and heavy helf- I 1 era. S?..V4 S.2i". : fn!r to goo cown and J I heifers. $.:.'? 7.2:.; cutters, f.'. ooi :.7i; t aimera, $4 iflff 4 7.'; fat bulls, $ iO'a 7.'; ; I hnlngna bulls. :.odfni.2l, veal ialxrs, $9..V4l ll.f. I Hogs Receipts. 17; market steady: ) ; cboice smooth fat hogs. lTj to 200 1 : pounds. Sis .oa ir.;.".. ! hheep e'Mta. 203: market sfe.idy: gool choice lamhs. tl2."'flM.nfl; faf 1 : wethers. Is.;,tij 5.0; f:lt ewes, 6 7.i'; i feeder ewe. f.M'rfl.a. I NEW YORK STOCKS. .1 A. Hogle A Co.. brokers, 19 Main at reei. furnish the following quotations, received over their private wires: High I.O w Clae Hales Alaska . j 34 34, $4 &00 Amn C Fdy 4 t4, s7, Ainn lxx-o ; 44, H-l j i , 1.2mi A nni Beet Hug ., $34, 24l 1.20f Ainu hmeltera ..j :i4j ll 4; K2 ! .2'K) Amn "Cir-r.-. . . r.T 4; V.j 4r.4j4.K0fl Sumatra Tob ...i t74 1 , NS 1.7on Anaconda j 4 4 44 1V200 Atchlaou 1 J4 :i4' 9:14: a.'Hto A It A W I 1114 110 do 1 2.4UO Butt A Hup ...1 204, 24 ?"4' -,M1 Bait A Ohio I i44 &4 1 Baldwin loco ... 74i 74 41 "4 7.00 Belli Hleel "B" ..! 174 fM i 10.7to Can Pac I.V4 164 l!4 Crucible j M 1 67 1 .'.7 R.WMi Chin Copr-fT I TT4 17S "T ' j l.t'Wi C M 4 8t P ....j 464i 4,4 4.14' !.$ Chile Copper I 14. l4i H4 1.1 Krie com 1 is 4' 14' I 2? nisttllers . .. . 4$V 44' 4: 2 o iit Northern pfd I 7 4 7 j Oen Motors 127 12$ 12$ ' Inspiration 1 47 V 44' 4' 4.40U Ind Alcohol 1024 1024 101 4 i.fto Kenn copper ... 3.t j 34 4 34 4; 7.3O0 Intl Marine com 1 2t 27 i 274 2.7IXJ Ijck Steel 1 714 In! Mar pfd !l.4 1134 1134" 15.40 Mexican Pete 1124 1604 1114 ls.ofl Miami Copper 2.'. M4 23, 2.300 Mo Par com ....! 2' 214' 24 2,r.(Hi Nor Pacific J .'. j ft s". I 2 Nevada Con l4 l4i l"4i f1" New Haven 3.' : 34 4 1 ?.VW N Y central I 774 ' 744 7 Ontario Silver ...! 7 74 7 2"i Pennsylvania . ..' 464 414 t4 1.3mi Preaed Steel , . . . ' - . . , i3 Reading . . .... R4 4 "34 4 4 . 3io Rav Con i 224 214 214 1.700 Rock Island ' 2 ?4 "4 So Pacific !1024 ll 4 101 4 T.fioo Siudehaker 1 M S14i 1124, lM00 Texas 4 Ml H$s !l7 7o Tenn Copper I 144 14 ' 144' 1.2'0 I'nlon Pacific . 1 34 124 124 L' S Steel com ..I 7'.! :.4 $".4 101,200 do pfd 1124 JI2iis 1128, - 3oti V S Smelting 4 I I'tah 4 'opper I 74 76 .: 774' 13. '00 W'esterti Cnion .' S4 o4 200 Westinghouae . ..' 44 4,(4 424 1.200 Willy overland .. 24 2.V 2-4 1.400 1 Total sales. 412,'hjo j LONDON MONEY. Associated Press. KOaN. 1ee 13 Money and dis- r-Q'i-VM Coehwiged ' BANK BTOcka. I BU. 1 Asked. Bankers Trust S 130.00 $ Columbia Trust 10.'.. 00, 110.00 (eaerel National 29H.00 Iteseref Savings 210.00' ! Farmers A Ptockgrs . . 70 00 . First National of Ogden I 35 00 Vccornlck A Co . ..... I 2H&.0 ' Natl, Bank of Republic' 2JO.00 2:0 0d t-ftoeai t'liv Barn . ..' ; Uo.oo National Copper 140.001 145. N I Security State Rank ...1 lii 00 j Ptah State National ...1 131.00! 20500 ftah Savings A Trust f. I Iftfi.M Walker Bros. Bankers . j 240. I0' 23S.00 Zion's Rav A Trust ...f I 16. M ! INDUSTRIAL STOCKS. 1 Amalgamnted Sugar 1 1$.30 "emef it Securities J 110. OOf 1 3 . 00 Consolidated Wagon .... ION. 00 1't.00 Home Hire Insurance ...J y jjj.tsi Itwlependent Coal ' j . IJon Coal I j 0 00 Mt States Tel A Tel .. M.o 11. 0 gden Packing J fcS.oo, 9i.to Standard Coal I 44.0OI 47 . 04) I tah-ldaho Sugar $.15 ftah Fir Clay 7 00 Ptah Pr A lA 1st pfd ..I I M.ftQ Z. C M. I. . 1 132. P(l , , 1 bONDS. I. Ion Coal 6s I I . S. L Stocir Kx. (a j J W1.00 Standard Coal s 1 J0.0' Ptsh Pr. A I.t. 1st &... 2.00i I. P. A L. Notes. p4;t.. 97 .M ....... . t'tah I.t. A Pr. 4a j "f. 00 I'tah Securities 6a I ft4.0 S.50 1 I'tah jas A Coke lat 5s. 70.00 71 00 NEW YORK METALS. By Associated Press. XKW YWIK, Iec 13 Metala Pn-chaiiged |