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Show THE SALT LAKE TRIBUNE, TUESDAY MORNING, MARCH 16, 1920. on the rreterred stock. The balance sheet foi&s assets ot icm tl.rca gnd a ba f time the amount of far tha preferred ftook issue, net quick a aatra a)cnt ara over 1 7 time the preferred Mock. Tha tork it bln offered In bait tftVn bv tha Palmer Bond A, Mortgage com pnv, tha local branch of tha National City company of Nea York. a Clearing Houfa Beport Mondav Uftarlnga 7? TM 49 FT bama day mat . , . $269f7b$ 3 af 6 w lb m'in5 i a a Tires Qoiii; Up. eastern authority says a Pahvant Irrigation District Dissolved by Millard County Farmers. An "An In tire prices will ba made ehortlv which win restore the lex el of prices maintaining last May. First announcement wiil probablv come fro-- n the Good- Decrease Is Shown in Ex ports From America to Europe. . IA7fcVSS SPECULATIVE SHARES ACTIVE WITH OPERATIONS BULLISH ervice- V Greatest Gains Noticeable Among Stocks Recently Under Bear Pressuie; Crucible Steel and General Motbrs Sensational Features. NtTT YORK. ' March 13 TiUns year or United ptatea Tires compm", courage front the comparative ease of with the mal er Independents falling in call money and the failure of fotetjn line shortly. Tha reduction, which wee exchange to reflect in more than minor made the middle of list May. averaged decree the trend of events abroad, pools today resumed tbeir bullish operation 1$ per cent, so that the present scheduled in the stock market, notably among Increases will average, somewhat higher, peeulativ shares. tmee the base l!et prices from which the Demand loans opened and renewed at change- la made le naturally lower than 0 per cent, holding at that rata throughthose from which the cu mi ordered " out the aetston, against last week 's final quotation of 13 per cent, despite Local distributors of tires have been of the contemplated but tho strain imposed on bank reserve! chlrg. have not yet been euthorued to publish by hary tax pavmenta. th increased prire lists Additional reversal from reeent re e e coveries marked th dealings in, international exchange, but reaction were Dividend.. Otpbutn Dedal Th board of directors of the Orpheum largely nominal. Even marks recorded Clrcu.t, Incorporated, has announced an onlv a slight setback on th more disInitial dividend of 9t cent per share on quieting news from Gertnauv. the outstanding common stock, and the Greatest gains among stock were first quarterly dividend of 1 per cent on registered by issues recently under bear the outstanding stock, both preferred and bv others in which prepadividend payab April I to stockholdeia preaturo for declaration of stock diviration of record Mar-le , dends ars reported to be in progress. Extrema advances of two to t if teen Money Situation Dominate. were subjected to wide fluctuapoints The monev situation still dominates tions in the last hour on word from both financial and commercial markets, a resolution had been because there ts not enough free credit te Washington that house tir tbe against distrikeep American Industry in motion at th introduced Inflated price now prevailing, according bution of atock dividend. and General Motors Crucible to W illiam H. Lew prh'itl-of tha F'rst National The maintained bank of Philadelphia. their reputations as tbe situation Is safer than it was a month ago, sensational features of the market. Cruhowever, as there has been In some quar- cible finished at a gain of four points, ters a sharp curtal ment of loans secured after having risen fouiteen, while Genby speculative collateral, and the country, eral Motors forfeited more then half to a greater extent than at any lime for three or four years, is serious.v lining to of its eight and a half point advance. make both end more than meet. This t Other ste"ls, United States Sited ex an achievement of large significance snd eepted, and many of the motors and means that the sagacious elements of the their allied specialties, also petroleums, American people have read the atgn of equipments, shippings and foodstuffs, the times end are preparing for the clean inz-u- p season that Is at hand There Is closed at gains of substantial proportions, but rails were inclined to lag plenty ot bueinrea, but the prudent manufacturer, wholesaler and merchant Is throughout. gradually spplvlng the brakes and signalBales amounted to 1,050,000 shares. ing 'safety first to his operating foioc. Weakness emong representative rails imparted irregularity to tbe bond marRockefeller Quits Board. ket, foreign issue also yielding. The DENVER, March 13. John D. Rocke- Liberty group was steady to firm. Total retired er. as a member of the sales (par value) aggregated $12.200, ts). Jr, board of director of tha Colorado Fuel & 0O0, Did U. tt. bond were unchanged Iron company here today when the an nual stockholders meeting chore John C on call. ( Mitchell, a Denver banker, .to succeed him on the board. Railroad Bond. Mr. Rockefeller had served on th board k A. Houle A Co.) New York Stock List ; Telephone employees realize their responsibility and recognize their obligation. It is this loyalty to duty that makes it possible for the Telephone Company to render service even under the most difficult conditions. hard-surfac- one-ha- lf er er after-the-w- - Quite generally there are at this , time inadequate facilities causing congestion and confusion, a condition from which there can be no immediate relief. Sometimes the elements rage in a mad fury, but men and women brave the storms that the public may be served. Occasionally a scourge of sickness depletes the ranks, adding to the burden of those who escape, but who perform their more difficult tasks with smiling determination to continue the service. nt ca-ht- fa This places a tremendous responsibility upon those charged with the duty of rendering telephone service. Any failure of the service would .have a disastrous effect upon both the business and social relations of a community. A general cessation of the service would cause nationwide confusion. v ed-vit- Tli Pahvant tir gst.on district ws dissolved by g majority ro'e o t the tsnd ewnere cf the district at (netting held t Fillmore last week and 0.009 acre feet of guaranteed tHhery water puidiased by Inditldijal contract from tha Sevier Land A Water company for . tht farms of tha aa stern district of 1111 lard county. Tha amount Involved In tha water purchase vs a aald to ba close to $1,600, 000. and the shares ears oversubscribed at $80 per share. A new company, the East Side P.itributlng company. Is being organised to measure the water and coo vey. It from the mam canal west of Ifol den and Fillmore to the land holders. 8 A. Greenwood of tha real estate firm of Ray As Gieeuwood, has been named chairman of tne committee which will direct the organisation of the dtatrib uting company It was aanl xesUrdav at the Jtav Greenwood offices that announcement will ba made thortlv of the completed tho railroad to be built bvfthe tlana for feulphur corporation front, Delta, via Holden and Fulmore to Morrliuey. where tha eompanv now ha blocked rout 4,000,000 tone of sulphur ora. Plana are now ui dor wet for the rul tlvatlon of between 80 O'idand 0 ftoo acres of new lands m the couuty this year and In 1521, and many new settleia are on the ground. Other recent development, tn the ter ritory Include the fotmatmn of the bill more Conimr al club, w th Joseph I.. Kobtnson. of the flllmoie Commercial A Ratings bank, as president, and Mayor J F. Anderson, scare ary. Hoad developments Inoulde appropriations of 1760, (MO for work th s year on of this roads, provided by the federal government, by the s'ate and by for seventeen years. the county. It Is expected that much of An official of the rompnny said It was tha work will be done this erring aad understood that Mr. Rockefeller had resummer. tired in line with his general desire to a a be relieved of respoi.slblllties connected board membership." with Deems. Exports Thera Is no clearer indication of the Z. C. M. I. Prosperous. manner in which tha Europeans have been taken out of American markets for The Z. C. M. I. did a bus. nera of near exportable merchandise bv their Inabil- ly $13,000.00(1 in 1920, or an Increase of 80 cent over 1319, according to the stateity to get credit, and because of the adverse exchange rates than in the ac- per ment Issued to the stockholders by tual comparative figures for exports from Rreuldent Heber J. Grant snd Secretary the United Rtates and Imports to It. C. A. F. Orieb. The statement was IsThe f guree for January are just at sued te explain the new issu of gfluo - band, complied for the Boston News shares, which will bring the company Bureau. additional working capital of $760,000. They ehow how In 15H, when the exThe statement follows ' Institution change had not shown the did the last 'The year reaction and was atlU favorable, when volume of business in Its history. the European nations had not vet more largest sales aggregated- - nearly $18,000,000, The than barely begun their Industrial re- or 80 per cent higher than In the pre-lohabilitation, that they were still piling var and 110 per cent higher than up their already huge adverse trade bal- In 1915, due largely to Increased valuer ance. The January f'gures indicate In of le evident that this merchandise the tremendous increase of Import to Increased businessIt require?! Increased the United States how earnestly thess capital, the have therefore and directors nations are endeavoring to bring the bal- concluded to offer to present stockholdances back to normal, and how, not- ers 6000 shares of the in f 0 snares ot withstanding the urgent need In Europe treasury stock remaining. The price will for raw materials and manufactured be 8150 'share, and present stockhold products which they could get only in ere will per entitled to on share for each this country, they are limiting their pur ten ehaeesbe they now hold, with tills modichases to absolute necessities. Stockholder fication: owning five to Although the decrease In the total from fifteen share, one ehare: to Europe in January, 1920, does fourteen two to twenty-fou- r shares, and so shares, not show a very great total, tha very on, one share each for each tea snares fact of the decrease js taken as an in- above four. dication of the trend which le generally will be received br the bubscripttons expected to continue until something like April I to 15, , and certifl-cate- a normal conditions of international finance secretary, 1. All of as date stock bear April are resumed. taken up by April 19 will be sold by The decrease in exports and the much not th board of director In th best Intergreater increase In Imports Is taken In ests of the institution. Those wishing to many circles to indicate that domestic purchase on Installments m&v pay 10 per production together with the importa- cent during the month of April and 15 tions can be expected before long to monthly thereafter, with Interest catch up with domestic demands and per 6 cent cent annum on deferred payat per materially check the soaring of prices, if ments. all to per be fully paid by November not bring them down sharply.-- $ 1920. ft $ A careful examination of our assets The figure follow: assuring our stockholders justifies usnewin stock EXPORTS. Is worth the price that the asked: and, while the management feels booeful that the present rate of dividend regular and $ per cent special twillperbecent maintained Indefinitely, ther aWo warn them s gainst any expectawish to tions of a higher rale Any surplus which mav be gathered from ear to year will doubtless be needed for expansion." - undoubtedly no public service that touches directly individuals and enters so completely into the social and commercial life of the people as does telephone service More business is transacted over the telephone than there is through face to face conversations. More socialactivities are planned, more invitations sent, more engagements made or cancelled by telephone than by any other means. t , THERE - uu 1.1 With such a spirit in the telephone organization, the service will at all times be the best that human effort can produce, in the face of whatever adverse circumstances may prevail. . v The Mountain States Telephone and Telegraph Company v Br hold that th Overman act doe not apple in the present equation. fIt indicated tliat there would be no deignation of a heed of th department pending ncnate action 00 Mr. Colby nomination. Meantime, the leaning of paaeports will b held up. It was said, offlcIaHv, vea UEO Ill foiiii IX ar WASHINGTON, March 15 VTh6 tat dopartroent today wan technically without a head. Prank L. gpolk, mho has acted an aeeretarv yJnco tho re gnatlon of Robert Lang.ug, reoumed hit duiea ns undemecreta law officer of the department having- held that he could not as ierva ecrtary ad Interim for more -- r. than thirty day. Anglo i'runeh 6 Oct 1826 6 May 3026.... .. Argentic Dom of Cauad 5 April 1821. rto 131 r do do do 2nd 4 do 44 lt Increases Capitalization. OGDEN. March 16. Tbe Utah Mate bank of Ogden, one of the strongest financial institutions In this territory, will increase its capitalisation from 8130 00(1 $300,000 according to a derision reached today at a meeting of tha board dliector. The hank has fee many years been one in the financial and Industrial enterprises of the state. D. C. Is president; Joseph geoweroft, vice president; W. L. Vat us, vice president, and A. V. McIntosh, cashier. Other Interests In the bank are J M Browning it. S. Browning, W. H. Wattis and E. of the leader Ee-cl- Now York Bonds. -- Boston Stock Quotations. br J A Hcgle A fa cr Ama T ft T As 5 Anglo-Frenc- h 4a 4.. N .... ... 5 72N Pnn Cbm ft O tv 3a.. 78 Reading gou 4a . 8t L ft 8 F dj 6a C. B ft Q Jt 4a.. 84 8 Pac re C MAStP er 4Ua. T2 84 C RIftPRy TPt 87S Ko Railway Uiite Cop col tr ttt 78 Tei lo cr 6a... .108 ' rtft I Morf Power 5s.. 65 N Y Cent deb 0 91 747 Nor Pac 4a ft.1 Nor Pae 8a . O 8 L ref 4 ... 81 Pad 7 ft T 8a.. 3 80 !na co 97 . 97 S2 14 Armour ft (o f$a ft O t 4U,... Btb te! ref &. 84 (ant .Leather 5a. 84 Atrhlffoa Par 6... 4. City of Part 6a. 80 Colo ft Ro 4473 D ft R G roo 4. . 63 Don of laaad Pa rf lex ft Par loon Pac 4a..,. V K of O B 64a Hi (1867) ... 5... lt l4w York SZW YORK. March w Oft- - Lh 1 pr llu tr Mrrcaoii'.a paprr, Pr cont. weak. 6terllng Sixty day eumnmrial bill an baakn. aity-d- a 6J4; bills, $3,614; 83.614: commenial mxtr-da$3 634; Cable. $3 664. praom Ootnand. 18 52; cablm, 18 50. BMgiaa fraara Demand, 13 12; mblea, 18.10. Guilders Demand, 874; eableo, 87. I3rHiemaad, 18 82; cable. 1880, iark Demand, 1.18; rabiaa, 1.18 Grrk exchange 81115. railroad booda, tfuremment touda, flrta Irrrgular. Ttm loan siroag; aixtj day, ainat day and six mnaUui. 84 Pr cent. b'ch. 8 per cent low $ tail nofr. rent , ruling rata. 8 per rent; Clo ng bid pr 6 4 prr cent: offered it 9 pr rent: laat Ions, 8 pr rat; bank aeroplane. I pr rnt Uttrlina dr)Lad further tn th later da) com Inga Aierhng alxtray Mila. $3 btUa os bank. $3 604: com n?rrle1 aizty-dademand mr I .lxtydy bi!a, $3 83 P- 84 is Money. 15 ft4vf44 The Motor corporation of Micn'aan Is Offering through so cavern svrd!., ae. beaded bv the Nations1-r citv cdnipan-gfi cent cumulative Issue of $2 3'M tin) 8 preferred stock at li) and dividend acMetak. crued, to yield full 8 per cent This comVFW YORK. Uarrb 13. Cpvr pany has purchased by the issuance of fic . all common the assets of the troJytk-- art and soar by, lS4JlSasj: stok Ita 7c; the Auto aod quarter, 18 4. Prudden Wheel rompan). 1 T4A orthm. 847 no' Iron. fins. No. Wheel company and tee Gler Tressed V. oite 46 no , Ne, 2 aobom, k .60(244 Oft. Steel compans, all of Ijmlng. Mich , and 2 Antimoor, ft 3L the Wela 4b Msnufaj. luring company 7 in, oar; apot, I82.V); AHI Vt. fat ?f), of Memphis Tenn, atoadf ,pot and Aonl, 8 25 btd Iad. There companies a a who', reprorout Louis 8t fAur apoi, ar, gtndard a complete cvclc In the ninntifiK lure of Al TiOdo Tne wheel for motor vehicle Tin. ftAHl 7 6d Lead. AA7 ira .ync A117 g one of tbe largeat manu'aeture- Rioc ftM. U H of motor wbeee (n the world, numbering moat of th wed among Its customer London Money. known automoh le manufacturer of ih United States. Th company ha no bonds arb tONPOje. 84 8 hart and Uiraa anootli bCt, and present earning are at the rate of piwfitint rat vx five time th dividend requirement I9ii5x r (tut. H2 ft I RtMwr 10711 ..81 4 . ... 414 U 8 file! 6 Krla Or Etoe 6 . ... 874 Wabaah 1st At Nor 448 61 a 84 884 97 $14 824 804 64 45 43 84 97 96 10 P0.5$' 89 (W 90 94 89 92 87 (W pfl (A 97 TOj 97 56! 96 4 96 97 4 9iS 92 86 M 644 50 46 964 96 96 34 90 54 89 M (1 9 89 96 94 12 90 10 97 74 97.60 Senate foreign relation committee member considering the nomination of Batnbiiflge t'olby to be head of the bum department nay that under the wai tlnift$Ownnan act. President Wilson can aaegn to some other official the duties and consequently delay In acting cm Mr, Colhjs nomination hnuld not embarraus tbe department. The committee had planned to further coneideratlon to the mattergietoday, but pontponed Us meeting because called were unable to appear The president had not assigned an acting tMHretary today and it wag aa'd at the department that paejortB were not being Mid, as there wag no one to mgn them, 1'asnports recently have been at the rate of from $00 to 800 a day, mostly to persons go ng to Europe Cuba and South America Administration official. It ban learned eec-reta- Says Presidents Policy Caused 'Lansings Resignation. COPENHAGEN. March 15 Lelest unofficial figures relative to the plebiscite held yesterday In the eeoond sons In buiileswrqr show that 1J,UI5 votes were cast for Denmark, while 8 14$ wore In fat or of German control The districts of Gotmx, Hedehusum and Llersun show Danish majorities Kesulta In four district have not yet been learned. It Is charged by the Danes, however, that there were several cases in which Germans clandestinely used th names of Danish voters, who were time from registering their votes. prevented A meesage from Tonder, on th edge of the plebiscite area, say a German mob st Husboel yesterday threw the local chief of the International polio Into the water. He has not been seen since and it is presumed he was drowned Authorities have arrived at liorsboel to Investigate the affair. The Lxtrabladef Fiensburg correspondent today telegraphed that the Fiensburg Avia newspaper office was wrecked by a German mob. Tho correspondent says since th result of ths voting has been known the Germans have become Increasingly belligirent, some declaring. "Tomorrow all Danes must leave we will propara a new st. Bartholomew night." CHICAGO, March 1 5. President Wilsons policy in Mexico id responsible for anarchy which bs existed in Mexico for veers' suj was the direct cause of the resignation of Robert Lansing as secretary of state. Henfy Lane Wilson, former ambassador to Mexico, declared in an address belors the Ajt&te club here today. It is an error to exer suppose that Mcicans have struggled for liberty, he Mexicans interpret liberty as added. lieense, snd consequently the struggle has alwatt been for loot. Mexico ha never had what we call a political election. Every government has been shot into and out of power. No European government recognized Carranza and for that reason they have been able to maintain their dignity in Mexico and command respei t from the Mexican people. Mexican, however, la iglt at the United States. insulted President' Wilson They have and they continue to insult him because they can do so with impunity, bccrct.iry Lansing tried repeatedly to change the presidents policy, Mr. A short Wilson added, but fai'ed, while ago, while Mr. Fletcher was still ambassador to Mexico, ther was a conference between Mr. Lansing and he said. They Henry P. Fletcher, introduced, as a reult of this conferto break senate in the motion a ence, off relations w ith Mexico. The attempt failed by reason of interference from President 'Wilson. Secretary Lansings resignation was one of depair at trying to follow a consistent policy in M exico. Wattis. New Stock Offered. .................. ................ do 2nd 4 4 do 3rd 44t do 4lh 4 Victory do 8 84 ....... Special to The Tribune. I J026 1837 1921. City of Pun Rep Pram 6 1931 Ruftsltn Eitn 54 1921....... Rumho Inti 54c 3826.....,. V K B4 1'37. do Nov 7921 Liberty $4 do 1st 4 ft, of Former Ambassador State .Department Without Directing Head as Polk Cannot Act. F.xcl'angn. ey; 0r; 60, $3.64', cable, $8 834. Mark Decline. hEft 7fHK. NJart'h IV tifrmau tut-- li d te t t5 areata, or 4 tdrt rnt la of th low rxnd. but 12 ser later reacted f Tuey ateady at this k markf rhwed. figure a the was $3 wrl at ng 6 4 at tha do (maed of the tnrk market, a gain of 4 frr.au th a of decline aad 6 24 from dal day opening ardaya etoe. rllaed daring - a trading rira ' ARRANGEMENTS MADE FOR CHURCH MEETINGS Special ts Ttt, Txlboar, POCATELLO. Idaho March 14 Tbe eastern ldano convention of the world moiement wql be heui In Pocatello on the afternoon of March P Representatives from twenty counties wl'l be In attendance and an excellent program ha been ofprepared Boise, representing th C. W. Harris Interchurch world movement, arrived In Pocatello Saturday to perfect piane for the meeting here. The cop. emion will close with a banquet at the T. M. C. A. The lot tines will he In the eientne held in the astixlation assembly rooms. inter-cmir- cb RAILROAD OFFICIALS GO TO YELLOWSTONE March Idaho. POC4TELLO, 14 on xht for spenal train let t last nline, the YehowBtone park carrying Gen- . eral superintendent F H. Knit kerboca'-Superintendent of Motive Power A. Hinckley. Superintendent Brooks of the Prater of Montana division, maintename of 'war, G. H. E.Rohinw,, i, L, agent, purchasing general ererI claim agent, and Master Al Abr-nrt- -- chantcH.J Ashton At Ingllug. tue party was Joined by Kemmerer Man Named, w yo , March t3.Andew oner and cur comm Morrow, co r nou'ed hv tvner-nocouncilman, Thas ) , n Robert Carey of r I as de.ivate from Wyommg to tl to he tie Mate Good Load ncu-- i at llot bprin!,, Ark . Att, 12 to lT, KEMMEFS'IR, ap-e- I 1 Of I". "tbit. DSPCSC J J. S BTHU Idane. Minn ! memoer of the firm rf r I v P" tne of oanera pat, t lj s te' t"re conr parv, ha J f eat comurv to Kt .gg atid cons uers turn not !i t.. n, - u h . h. t K r ' - t |