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Show U.S. Returning to Peace Basis Country Makes Rapid Progress Restraints Are Being Removed Willi uncertainty mJ hesitation general, yet with conspicuous disturbance everywhere absent, the economic transformation is proceeding steadily. That there is much of the spirit of caution 'manifest, with operations mainly limited to immediate and well MONTH ON STOCK EXCHANGE OPENS LIKEJAMB Transactions Are Limited and Prices, as a Rule, Trend Downward. November on the Salt Iike stock f ichsnt'e. as indicated Saturday, closed I ke a lamb, and I ( ember opened in the same manner. I-aaMltude was displayed dis-played bv both bulls and bears, and the result was a lifeless market, with pr.ces continuing to sag. The most encouraging sign was that some f the higher priced securities held their own. hut a a rule) the ten-deticy ten-deticy was downward. Ther was little lit-tle or nochangf In Walker, Tlntlc Standard or either of the Silver Kings. Among the lower priced stocks, "o-lurnhiis-Kexnll. Alia Consolidated. Ku-rtka Ku-rtka Lily and Iron Hlossom suffered ul..l l'r..u. rlliu.l.djle.l If: mained statiottary . ri.OKINO CALL. Hid. 1 Asked. Alta Michigan I Ai.a o i -7; I Alta Tiner ' -,,(,L Albion -4 Uwi t 'on 'epper . . i i . i . f l,fl i Alia Tunnel "', I APa iief mania , "1 ! Hiilllon -M'i I lloly i - ... i Hlnnham Amal i I Hik tlHI .'-V Hi Cottonwood .,......! "1 ' , ( Ht-aver Copper ; : Hay Hlate HJWi 'n Heaver I-nk ' Central Kureks Cedar Talisman , ' rolumbua-Rexall , .0 , j Colorado ron ' Crown I'olnt I n-'li . Cardiff l.M 2.2" I Croff , .KJV, .04 ; Cottonwood Kin ' ."fl1 ' Cottonwood Metals ' Conmtock I'henli .... 1 .1fl lslv I : I'ragon . ;,, . U 1 - -" ! ltemijohn i 'on . ; .20 ! Kmpirw Mmen j .It j ; ! Kniplre roppr - , l-;sstprii Prince -( ""'i i asnTiedT'TeTiTremPTTTg, Is nnt'nn Indira h I lion of lack of confidence In the future. ' : but rather of doubts a to the exact ; j nature and scof of the changes which I are Inevitable under the new condl- I tlons. says 1 m n's jtevlew. Iess than a fortnight after the signing of the' armistice, the transition to a peace I basts tn business has run to consider- j ble lengths in some quarters and the j point has now been reached, with the , . relaxing or elimination of various war restrictions, where the markets ar 1 i freer from arbitrary restraints tlmn ' ; f'r a Ioiik period Where prices have , j already heen ffxed ahead, however, the' , JiiariMlnwUisi t mmttmuntmm, a m i t cotton goods, hiin been to maintain the 1 I present schedules until the date of ; .their expiration, and il seems proha-j i ble that this pojicy will be pursued , ! with respect to moil leading comniodl- I ties. Yet of the ultimate course of j prices there is little divergence of Tilr.n. if :iny. arid the il!spfsltion of ; I imth to hold off an far as tio":be m I i anticipation of MKiitde rediK'tlonv ftom I ! the existing etrn'tdinary levels has! ; ei'"v n Nlr"iiK'-r. As illustrating this : tendency, t ,mt ell.ttion of order.-, en- I lueiy aside ftiui. wuch actio?i by the J ; government. hae b come morn f--;- i iquep., snd ynie seller are endeivur-I endeivur-I ing to attest il.e movement. i After many months of repreiou ' ! better t.r.ies appear to be ahead in th hu.hmig industry. With the lessening i or r'iin. nation of variou nov rioii'-nii'l J ttrictioi s, nnu h private work thnt had I een h'id back through the -en;e: . j inu' of energies in war activities mar J t'e.'.re long b rndertakett, and th future fu-ture is i.ow being spoken of with i p-Ijtiitsm. p-Ijtiitsm. The ieturn of a virtually fro- market mar-ket in iron ami steel has com. ouukly. with the setting aside of priorities mi j niont material, and in some other respect re-spect -4 uv. i t he t r iiihi t ion to a peace ', M 1 SALT LAKE CLEARING HOUSE. Today's elarlngs" SS.0OO.M0.M Sams day iast ysar 6.72O.SV0. 06 L i NEW YORK CURB CLOSE. .1 A Hogle A 'o. brokers, furnish the folli.wirg quoiations, received over their private wires. INDI'STRIALS. j i Hid A'hed j .yt Kr'j'.n j .li, fi'. A inn Man cni 4 4 t'hevndet IHti L'.Mi ' urt Iks Aero ) MS ' HolK roni i Molly pfd : I Luke Torpedo ' . 2' Maxim l4 S ; sen Koiit u'1 l.i ! I' 1 Motors 1 -.TS ': f ' i .Ie.t in.li.p ...... K ' rvj Wright .Martin ,' 4 4 : tILS. j Hal net t I S-l . Ronton Wo J 'ifdeii f 7 Klk HHUti :.?s 4 j Kefiei .l nl , 2 Metro Tele . 1 1 2 t t"i rit; i nl ; 22 M V Refit. 1 1.14 i::r. Mdwt-st :l I lti ; lilt 1 iiiiwfM pfd " I :i-it l r.-ic NortUw mi , ., . 47 4v ! t "kiw prd A Hfg i'-s I okimilgee IS' lf,s Houston , 72 ' Srf).ulpa H7,4 Senuo.ih ; -1 t ll-l mixim;. i Mig Lertr 1 I 1 l-t ' I'niti-n K.tern 4 l , 4 I nuiif . i . i . " i 'aldoin;t . i ?.2 . '7 I i "ana da Copper ! 2 3 1-1 fori Ariiona ! 1 5-16 1 i fori fopper j 2 2't I avis Mly . . 5 " Kmmi "opper I I 2 Ureen Monster .'. I T-1S Hedit I r. ' Howe Round I . 4! f1, . Iron ptn-fm I ' ? -1 ' mm p Vfrt'. . ....... . j rrr Kerr Ijike i :' J Mhtpk fopper . ?! i .10 .Mmroii Vallev . 1 M ; M Molherlode (old) J .14 ' .IK Mnlhrrlode Iiew ' M- Nlplnsing . H'i. "hlo 'otper ' IUv Merrilles 4 Stea srt . ... 11 '. 1 Sin ce J 1ft ' J? Toi-opnh Kt j t 1 i i.i'ed Ve-ile j "' ; rennrfoi 1 4 ' . flty S.-rv:ce coin ' 2fl4 ' ?!7 J I Cmersld j Kureka Mlnrs "4 M Kmma fopprr "IS - Kar K.igle . . . j .t i .'M I Kast I town I'ntnt eon' Ksst Tlntlc f'aui ! .' 1 ,1X Kureka Bullion I - -' Kureka Uly .13 li 1 liold fhstn I I -II ' im nd 1 'entral 1 ' Mw-n : : -."v ' - Home nun I ; -fll Iron Mloesom I .41 . T. 1 Indian Quen .ofiW .M lrn King I .17V ' Judge MAS j e.fcn ( 7 no Keystone .3U .3.1 1 King Iavld I Iehl Tlntlc S ' lveooora . f ,o .ft j Little HrU ."rt t Monsonlie . ." I Miller Hdl ' ."4 I M.v Itnv . . . 01 j Minersl .ft?'4 ( J Mitecow ."4 1 .10 M M.ijor Kvatis nt I Michigan Itah . H V N.'w yuincy .7 A"'3 Neva .nnV M' - O K Silver A -1 I j itpohongo .ftl'i firlguml Hannsck i p1 1 ! hio i "opir .70 71 1 rk I'Hv Mo.cn ' a:. I ptoche Mrislol "I 'f , , Clutus 1 .T1- Prince f oitKohdated .... . Pslom I .i.'V ; Price Mining HI el' ; I'rovo .3H - Reed s feak ."1 V -M1 ! Itico Wellington ....! .0: I .14 1 South Standard i .1 root tn is proceeding rapidly. J The immediate outlook In most lm-j lm-j portant maikets is more or less rloud-: rloud-: e mid ttn has recently been true of j hides and leather. Not only has the government withdrawn with-drawn as g buyer front many of the , textile markets, hut methods are be- ing formulated for terminating enn-, enn-, iraclM ti r m.dundie thai wJ tt j now he needed. To accomplish the 1 neeessarv readjustments with as little lit-tle dinloratlon of industry as possible, the aim is not to stop government work without fust endeavoring to care for the Interests of labor that may be made idle. With future conditions un-j un-j certain, most leading merchants are counseling rautu n in undertaking new commitments until the outlook becomes I clearer. I Tin- wek has witnessed th letting down of various economic barriers. I permitting a freer flow of iioniMl bui-t bui-t ness, but stock trading Is not yet un-fetlered.' un-fetlered.' j NEW YORK BONO QUOTATIONS. .1 A Ib'gie X f o . 1M onth Main treet. for nl nil I he foilnw mg o tints I mnf, fceied ovi-rllir.v piivs'e Hi. j I Kid Asked. , ! Atchison grn 4s. .1 s7J, j B O sold 4k K.l', N4S I Heth Steel ref T,S h7 ?0 I fentrul Pac tut 4s I 4'-,' 4 f . H U .It 4s 9: a:.-s Kells .oS' S Svndicate .. ' .oaf .X'i I Silver King OvtUHon . 1 13 I 1 o j Seven Trouctis 'nail t Ion . ' I .to Silver King 1 "on j 1.71V t f2'i j Hious foil i 01 .03- Hwsnaea I'on 1 00'.. jKouth Hecla I 1 00 J 1 IT, ; Sliver HhieM ,?4 I .33 South Hecla Ex IS! -S South Park '. .CSV Tecoma ' ' .40 Tar Itshr ... ,oi' .ns Tlntlc fentral t O.'Sl .01 Tlntlc Standard ! 2 sr. I Tlntlc I train Tunnel ! .01 V I'niied Tintic i , t'tah on .oti' .oj 1 t'mon Chief .op, ,04 Victor 1 "on . 01 ' Victor Mining I 0IS -. . Whirlwind j o 1 Wdhert ' ft ( .o Went Toledo ' 01 ' 04 Walker Mining 1 r7'v 1 47, Woodlawn . Yankee 4 'on . .01 f Zunta .07 .o'5 OPKNINrj SACKS . Alia rvrv. Soo nt SOc. rmwv at . h'011, 04M nt ?c; 1 'ottotivi ol M-tMa. j 1000 t l'4c, liwto M lr; Tlntlc! f 00 , 4'WI nt Uc; Howell, at 7c; Ohio fopper, IO00 m 7c, prince Con ', I J'too nt 4!Sc; SUer King Coalition I0.0 : at l l-i; Tr Itabv. 10' at 3tc; Tiittl StMtidMtd. at '.;.. r.-0 at 93.S7S. 1 ' at : ?'. I t'U'SIW, SAI.KS Ast Tintic Con.. 4o t e- Kureka I.tll. t.0O at 13V". 2.V at 13c. ( ipohongo 1OO0 at IS"; Ke4ls; 1000 at c; Silver King Con.. 14 at 2.1f; Tr Rahy, too at 3',.'. Tintic Central, loos at Sc. TOT ALU. :.4I4 aluires for f713.1. iSI Paul sen 4;7e 1 VtS RVS it 'hi A NV gt-n 4s i , ' A- V (mi l ' : New Votk ?lv 5s is , '- North I it.-itic P 1. 4s 7 V7S i Reading sen 4s 7S Cnion Pacific 1st 4s J MS s S f S Steel ,s S!S los C J 1st ref 4a ' M', hfs s p r v is f 102V in.vt S p 1 V 4s ST,i4 H.-.-S Penn Con 4Ss ?S! 100 I'enua fen 4'1 s;i i : ;' tl ' V .. sT4; fc7 j 0 S I, 4s . I hftS I Anglo-French hm Oct lfl'0' 1S IT K f.'rs Nov l!19 j S -ifS C K r. Feb 10J9 101 S PMS II K .''- Nov K2I I f7 f A V Sec Ts Aug 11S.... !S Itep France fts lf3l 1R0 ' J41 Paris s Oct 121 9 Marseilles Cn Nov ISIS..-' lOft 1 100 Russian Fx .r.'Ts lt ...j i3 47 ' Itiissmu Intl .'.,s 192i. . . . ITS ' iso lw.ni :.h Aug ll i ' !fcS' 91 I I ' -I April l'.'l 1 S7' n'4j I iNi.ii 5-1 Airil 111 1 f7 ' SS jlorii :.s April II:' ... ', 7'v! I Argentine May lro..'' S7'-' 7 (fluna n 11S sij I . fHio IM7 ' 3;! 4S'4 ;rreucb r.',s 11 .' pr.S 13S 1 s i.ih lwn 3S ' 9 99 I 'O 1st 4s J Sr.. 14) I I Hi fid 4s 4 ;,fl f . I o lt 4 '4 . 1 7 70 ' S7.74 I o .'nd 4s ;.(; ' 9 , I .iid 1 m ;n : j ! 4th 4', ' M 70 ! Ofi.7 CHICAGO MARKET. By Assoclsted Press. ' HIl'A'ii i, Iec 4"orn prices aver- ; ased higher today. Influenced more or 1 l by the food admimitratlon eetlmte 1 j that ;o.ti -I'.OoO people had leen added! to the I. read tine drpending on shipm-nts j I from America. t m the 01 her hsnd. pre ' dictions thai the coming I'ntted States' J 1 whest crop would be a record breaker j I tended to mske bul's cautious. Resting 1 orders to sell on the advsnce che-kel 1 ths upturn. Opening prices. which I ranged from He off to -4ke Sdvance. T wlih Oecemher II 2 to fl 2S end January Janu-ary 11 27S to S1.27S. were followed by I material gains In the January and later deliveries. ets scended with corn. Cat, -demand, however., was sloar. After open- , Ing l:c down to c up. with January 7lc to 71 c. the market scored a moderate mod-erate advance. j Firm nee In the hog market strength- ! ened provisions Sell were scarce. I |