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Show Copper Is in Good Position European Demand Still Immense , , j Big Syndicates to Buy Metal; AMONG the Usui's that should benefit most In the new condi-j tions and that, strangely, have not yet begun to reflect the vat' j possibilities of therconjtruii''''' and :ifter- .ir pmj.run n- th,--coppeFstDcks. Here a.niin the feeling of hesitancy and caution lu obscured the financial Judgment 'many. While some timid investoi" ' were Helling their standard copper stocks on a heavy, declining market. ! because of the unverified rumor that copper had been offered for resale al j 24 or cents, the leading cooper selling concerns- of ih country were j perfecting: an organization to handle I sales of American copper abroad on a 'large scale. It waa felt that so great will be the demand for export J copper that it will le necessary to "WwmtPtt "wtt wgawtwwtww m$ hiw ! 'with branch offices in foreign coun-1 coun-1 trie where the demand It expected to ' ( heay. That this will not be a i temporary demand is evidenced by the j completeness of the preparations of J the big copper companies for handling j this situation It is learned also that J l:ir(i syndicates are being formed in I Kngland. France. Italy and other coiin-I coiin-I tries for the purpose of buying cop-! cop-! per In the I'nited State as cheaply as I posMible. On the other hand, it must : not be overlooked th;it the 2ft -cent enp-J enp-J per rate will he m iintained until .Ian-1 .Ian-1 u:iry l, according to government ruling, ami sales cannot be made below that fiu ure, sa s 'harles A. Stonehum & , (lo's market letter i From sources considered reliable j comics the report that the foreign gov- i ernments. which were seeking 200,0o0 Inn of piiiini'r for immediate deliverv. I SALT LAKE CLEARING HOUSE I . Teday'a elearlnga . 12,964,649 00 I II Sam d.y larl yoar . . l,t,4M 16 U "I CHICAGO LIVESTOCK. ' By Associated Press. I ; llir,Vin, c J.-Hogs-IUcsipis. j c to tOc higher; butt iierw IT4 i tl M 7.'.; light. 91 7. 17.7-1; packing. Kf.-Vl7.il'; throw-outs. $ii. l 7i pica good to choice. $14 OO'ti i;..jO. I Cattle Receipts. L'l.imO; lecf and i '" Tr mm aim, iin d . yr.. Mj, a 'tod niiH-kern und feeder, steady. other j ",ow- -bves strong to 2:.c higher; beef i cattle, goixi. chok and prim. $lT,, :,ut i common and medium. $!...Orff I ' -'; 1 ; butcher fitock. rows and heifers. tUtr,'.,'! j '4 eaiirsers and cutters. $7.;jftKi; j j Mocker nnrt fedeers. good choice audi fancy, f to Zh'n 13 inferior. common and medium. $7.Mti 10. I.'.; ve;i calves. I good and choice. $17.2.'' 17.7..; Western rang beef irt. tM.404 IX On;' rows and heifers. 13. n0. .Sheep- Cceelprs. 0"Xt; market suong I to 2. to higher. I ' CHICAGO GRAIN. i By Associated Press. cii.CA'.o, I'-r. n.-t'orn-No : - low, nominal. No. a vellow new. $1 4ll j M 42; No. n vellow old, $1.42; No. 4 el- I low new. $I.3H. Oats No 3 white, 7'ifi74,,e atan- ' d.'iril. 74W7riUr. 1 , It ye No l. $1 2 3'ti. ' , Harley SOc'd $1 fll. Tiniorhy, IT."!.! ) 0 if4. " j "lover Nominal. I ' I'oi k Nominal. I 1 l.urd- $2ft.82. ' . 1 Rll Nominal. I ! , LONDON MONEY. I 1 By Associated Press. i I.Mh)N, lye. J. Money. .1 pt-r cent, j Titcount rates, nhort lolls Hint three - moiilh biliiH, Z l"-Si per cent ! . . . . , j were offering 2H cents a pound. It J has been argued that eoppr investors i are concerning themelvH more com-! com-! pletely with domestic conditions nd j they lire entirely iienonng the foreign j demand in estimnt ing the value tf 'their copper securities. The fallacy of such reasoning, ol .course, is ap-J ap-J parent whn it is considered that Hie , recent request from abroad for early (delivery called for 44S.0OO pounds of i copper, or almost three months' smelter ; output from all the mineg in the conn-j conn-j try. In other words, this single order ' alone would require every pound of j American production for alnioM three I tnonih.s so f.ir as domestic consump tion is concerned, it must be remein-be remein-be red that for almost two years le-I le-I tween 90 and 9h per cent of our copper iias tveen used for war purposes, and during that period and for a long time : before at home supplies were kept down to a minimum. With restrictions restric-tions removed, thia- accumulated demand de-mand and the enormous quantities necessarv for new construction, elec-! elec-! trification and the like will call for j such large supplies of the red metal that every possible avenue tit copper ; production will be speeded up to the ' limit. ' In the face nf these conditions, the louilook for the copite-r securities is brighter than if ever has been, even when the war demands taxed American Ameri-can production to the utmost. The fu-j fu-j lure of ttie rnpppr tndiistrv goes hand in hand with the future of the coun-1 coun-1 trv. i 'opper securities, therefore, are I attractive and may be purchased with j the asxumnce that earnings will Increase In-crease and that dividends will be maintained. main-tained. By reason of the peculiar conditions con-ditions surrounding the present mar ket. moat of these stocks are remark -ably cheap. l INVESTMENT SECURITIES. .1 A llogle A Co. brokers. 16.9 Main street, furnish ths following quotations: BANK STOCKS. I Bid Asked. Bankers' Trust t 110.00 f Columbia Trust 105.00 110.00 Ueseret National 2M.00 lesret Havings 210.00 Farmers tt Stkgr 7S.00 Kirxt National of Ogden 35.00 MeCornirk Co 25.00 Natl Bank of Republic! L'0.oo National Cttv Rang ., 166.00 Nation I Copper 140.00 145.00 ! Security State Bank 160.00 ! l iah .sfate National 2 ". 00 I'lah Savings - Trust M5.00 ; Walker Bros Bankers 2Ao 9 Zion s Sav 4V Trust . . .' 305 00 INDI'HTRIAL STOCKS. 1 Arnslgamated Sugar ... IS. SO (ment J- iirlli-a 1 UO.OOi 112.00 1 nnaoltdaied Wagon .... i P'H.on H'n.e Kir Insurance ...f I 323. lndekendt Coal j ( .10 I 'on i'o ....(.. J JM.O0 Mi States Tel A Tel ... 5.0, ? 00 .fieri Pa- ko g . , 1 3.00 .standard Coal , 44 00, 47.00 I t.i it- Idaho sugar .i0 t k". ftah hire Clav ... I 7.O0 l l-h Pr L.t 1st pfd .. t D6.00 Z. C. M- I - ! 130.00 BONDS. l.lon 'oal In 0.00 S. I. Kiock Kx. Ca J S0.ia) Standard Coal s 0.'0 t'tah Pr A l.t 1st bm ... o 00 I'tah IT A l.t Notes 0s . 7.oo. I'lah l.t Pr 4s 74.50 I'tah Securities Ss 7.oo S1,b9 I tab (.as St Coke lat &s 72.00! 7o.00 SALT LAKE LIVESTOCK. Cattle Receipts, 12. Ietnand strong for choice weirhty ter Poor on other rlusaa Choice s'eersi. 10 7j ti H. 7-".; good n;et-n, $!.'. (f i 'CO; far stft-rs. l 0'.H '.rt. ch'Uce cows and heavy heifers, 7 .1' 7. 7 5 ; frfir to good cow a and heifers. ". '.'wr 7 cutters. I ". w n ', 7.'i ; ra titters. $scu4 7'.. fat hulls. $ "uv7 t-o'-atna bulls, 15 50 fc 2.".; veal -alves, 'w a 1 1 . Hogs Receipts, li; Market very weak. Poor demand Choice, smooth fat hogs, I7i to iounds, $15. 7i Sheep -Receipt:, 91 Good choice lamia. S12 50 4 14 0: fat wether, Jt 5 e r.o. i-At ewes. -VOtt 7.5't. feUer ernes, 50. i 50 NEW YORK COTTON. By Aftsoc-ated eress NKW YORK. Iec J rttion fu'ures opened twrely steady; l-eceteber. rt. January, ft; Man h, 24 12. asflfxi 4PasM Jul. L20. |