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Show I h THE SALT LAKE TRIBUNE, TUESDAY. MORNING, .AUGUST 3, 1920. 15 V 1 GASOLINE ALLEY E AND THE BUREAU DRAWERS ,1 STICK, AVERY. Member Banks Withhold Advance Caused by Freight Credit to Correspondents r Rate Decision Overcome Until Items Are Received. by Heavy Selling Orders. Water Power Acts Operation Will Bring West Prosperity,' Says Publication. A Sew rale, effective August 1, 1920, City Adopted by the Belt Thi role, Clearing Houee association. la worded ea foldeglgnoted No. ioAl: , phail credit lta corre No member iteme apondenta ocooytit with until actnel credit bea been received by them; and that the acbedule ahall conform with availability schedule in nae by the Balt Lake City branch of the federal reserve bank." A letter notifying country correapon-- dents of this new rule ha . already been py the bearing house aeaoclatioii. Accompanying thla notification have been cent time schedule, which will be Peed number by the banks In datormlnlng the of day credit win be deferred for out-Wtb tSlovHn Instructions also have Set btt UU I-- but , of bf ToobUtn ' quickest availability to fdnde, correspondents are requestedwlta sort and list checks In accordance these schedules, with separate cash letter for separate time groups. Items may .be deposited unsorted.UrnK collection preferred, but the longest for any of the Item In on cash letterand Inclosed, Items the applied to aU of failure to sort Item Into time R7P therefore will result in time loss to the , depositing banka Advices showing data that Item are credited will be mailed on receipt of your may be remittances .. several advice which may mailed to yon, th total of equal the amount Of your letter. It In bank may. Th receiving send aU Items for payment direct to a bank located at the place where agent the Item Is payable, or to another responsifor collection, and assume no uirect Its of of any bility for the failure be or Indirect collection agents, andInshall actual bald liable only when proceeds com hav shall credit funds or solvent Into Its possession,. 1 ' WAIR POWER LAW PROGRESSIVE. Th Vst significance Of th progreeslv of the step represented by the enactment federal water power act is as yet genThe emergence of erally unappreciated. the this treat piece of legislation from sursmoko screen ot politic! battle b It probably would the prised the country. hundred men In difficult to find a United 8tates willing to credit the last congresi With A single constructive bookeri yet it placed upon the lUtuw of tha country two cta which may industry and commerce the water power act and tha merchant marine act. The water power act throws been open power resources that have of a locked up for . years in pursuance that bowed to policy of conservation to sense oommon He And left le its thumbs. Looking back over th ten years wasted In1 the fight to unreasonable overcome the objections raised to the utilisation of the natural re-of 'our country. It IS Impossible Surce passing Judgment on the men who impeded progress and who, without doubt, are partly responsible for the of today. transportation Situation Perhaps the law, as passed, is a better law than WO could have gotten ten years ago, out much work oaq ho done la ten years, and that period would have been railample for the electrification of theelimiroads of the country and for the nation et the heavy coal traffic which for our troubles lf.primarly responsible today. We may have hesitated and de-to layed and allowed the precious time to even If we had agreed past unheeded, utilise our water A power at that time. we are In more receptive frame Perhaps ot mind for the revolutionary work at hand than we would have been then. At any rate, the way has been cleared and our duty ties plainly before us. Th west, which lacks coal, is abundantly equipped ' with water powerof and the will be th principal beneficiary new development. She ha already mane the utilisation of her great progress In now she will be able to water power and book up th various projects Into an unbroken chain from which will flow power enough to turn ail her wheels and light California her cities and farmhouses. farmers already read their dally paper on and elec trio many farms all light by si the machinery isto power driven. Think what that means progress, to lightenA few ing the burden of th workers. farm In the west years more and every With will be supplied electricity drawn the ceasdlees streams of her moun- fronj ad Bui the electrification of fa, by common consent, the main objective of the country In consenting do the private exploitation Of the water power. Here, too, the weet has preceded the ret of the country and is already Operating large sections of the transcontinental railroads with electric power. The west was forced into the role bf pioneer by her lack of coal, but she baa gone much further than her necessities required and has anticipated conditions which trill perarias for a generation or two haps not more. We do not lack coal In the east, but the Increasing volume of traffic demands either the expansion of our transportation facilities or the toelectrification of the roads with a view eliminating the transportation of coat for railway offers us. It may be that electrification th solution of th problem of the future railroads. the of financing Large margins of savings are claimed for electric roads may yet find inveet-menroads, and the In power plants which pay dividends the avenue to the Salvation of their credit, Th west holds well over half of the water power sites of the country, but the water power engineer have worked out A chain Syetera, embracing Steam and Water power, which win jneet all of the requirement. American Exchange National Bank. me-m- revo-lutlon- lte fed-er- tba-rallro- 1 tg ad CLEARING house Mondays clearings Sam day last year to report. 92.W1BM.1S S, 230, 692. 61 WASHINGTON, Ang. A Imports of foodstuffs Into the United States during the decal year just ended Increaerd by more than 960,000, 000 over 1919, while export In 1928 show a decrease of more than 938O.8OO.0O4, according to foreign trade figures issued today by th department ox commerce. PbOd stuffs Imported toteled 91,511,976,-8- 9, compared With 9832.122,091 In 1919. Eat porta amounted to 92,111.199,130, a 1919, against 2,602,851,400 during Oude materials for use m manufacturIn 1930 totaled 92, HI. 14.621, ing Imported compared 'with 31.960,974,778 In 1919. end exports amounted to 31, 999418, 412, as against 91.22.25.1J7 In 1919. Export of manufacture ready for consumption during 1920 amounted to 32 83V 99,006, and Import totaled 9745.125,68 Exports of manufactures for further usd In manufacturing amounted to 9991,920,4 I totaled 9800,718.283. 32), and Import Ronzi rays99 more claims. . I I Offices of th eomd beaded by Charles Bon si, whoea alf Jiany operations la foreign exchange SrO under federal And atate Investigation! . war doaed UtA today,' altar another all BOSTON. Aug. L 1 NEW TORE. August l.Th heavy alee and abrupt declines of stocks which occurred today After An Initial bulge resultant from tbe railroad rate Increase came from causes quite apart from sentiment oVer proepee ta for th railway, Thera was general approval fat financial quSrtsrs of the Inter tat commsrcs commission's award And tha early gains of 1 to 3 points In such Issue as Reading, Southern Pacific. New Tork Central, Atchison. B. A and Wabash preferred Indicated the. receipt of a Sizeable amount ot buying orders. , Tbs fact that th commission had acted with such expedition after supplementary rate applications wort toad following the recant wage increase and th amount ot tha award Itself were held to he lndiostlva of the commission's Intention to assist the carrier In all ways. What caused stocks to break within ten minutes after the strong opbnttig Was th same eoonomte force that car ried prices down last week. .Nothing bad to counterhappened over the week-en- d act the Impression of slackened business In many directions and the federal reserve systems Joint Presentation of banking conditions at tha and ot tha week held out little hop of easier credit conditions for some time to come. Professional attack upon the steel, rubber, automobile, leather. And other Issues appeared to take advantage of th early upturn, and when it became clear that bearish efforts were rampant within the market, considerable long stock cam out. The more active Indue trial share were driven down 9 to 3. points and many of the rails were so far carried, out fit their course by the general decline as to leave Tbs off With, (losses Instead of gains. weakest period ot the day wl in the final business hour. Call money renewed to T pof at 9 per cent and later receded cent, a movement Which has now become familiar without meaning anything in respect to the actual situation of demand . ... funds at New Tork. The governments cotton crop estimate. Issued this afternoon, bore out expectations of an unusual improvement In July, although the figure of hardly supported all last week. July private estimates has frequently brought retrogression Instead of progress for th growing plant. This time, however, th estimated condition advanced in tbe tnontb from 70 to 74V4. while two months ago th federal estimate wa no higher than 9214 per cent of normal. The crop condition expanded into acreage yield point toward an output of 18,319.000 baler, an increase of just about 1 004,000 bales from the total predicted a month ago. Short In the cotton market were moved to cover some of their contract today because the estimate did not approximate 19,000,008 bales, but th underlying fact of most Importance was not changed by the movement, namely, that th country may look forward to a much more generous yield than seemed at all possible in May. Cash wheat suffered a fresh decline. but futures were relatively steady UNDER FLOOD OF LIQUIDATION , l. Special td fb Tribute. attla Ra. NORTH SALT LAKt.iog. etaa 87: 1 toad damaad. Market, catpta, fa ctoiee ataetb, fa.0DC9.75; good itoero, flood Aft; At a leers, 97.889.90; ebates eowt tsd heavy betters, 99 5007.25; fair to good eow sd belfere. 95.28tt5.28; rotter. 93 5009 75; casual. 92.500100; fat Mils, 94.75 06.25; , balls, 94.0004.75; light veal cafvae, ft. 00010.00. 4. Boga Market, steady; etraeg Receipts, gemaad. Choice prime top fat boga. 175 ta 250 pooada f 13.000 14.00; bulk et sale, 9 13.00 019.75; feeder. 9lO.5O011.5O; good drive-l-a kegs, 175 to 250 pooada, 913.00015.00. Sheep Receipt. 3304. Market, steady; good Good choice demand. lambs, 910 00011.00; cheice yearlings, 97.6008.50, (at wether. 96.50 awe fat $3.0005 56. 07.50; Market, Hog Receipts, Top, 916.55; range, 919.7601825. Market. BkAep Receipts, 3400. tbe. Lambs, $1890014.25; higher. ?5c lower. 37.6007.75. , CHICAGO. bHlCAdO. Ang. L Cattle Receipt. 18,000. Ctoles steers, steed? to strong; top, $17.25; balk, choice, $1825017 00; good beeves. How; ether steers. 96040 lower; mostly, $9,000 1850; best cow gad eannera, steady; others, weak; bulla Strong; balk, bologna, $85007 25; calve. 50c lower; choice vealvra, $15.0001850; stockera, weak, 35c lower. Better light and Bags Receipt. 97,008 tight batchers, steady; other, IOC to 25c tower: top. $1815; bulk, light and closing week; batchers. $14.8501860; balk, peering eowa 911.50019.90; piga steady, $1850015.00. 2U.000. Native . lgmba .Sheep Receipt, steady; top. $185; bulk. $19 0001835; pester lamb, steady; 26c lower; top, $15.15; balk, top yearlings, $14 6001880; sheep. . steady; lit 00; native ewea $825; feed lamb, slow, IU.00013.98 KANIAS CITY. RT. JOSEPH. IT. J09EPB. Mo.. Ang. I Hogs Receipt. strong. Top. $15.76; OMAHA. 8000. Pd t s UTAH bAnKe AND INDUSTRIALS. . 6 (As Reported by 3. A. Bogle , stocks BiNX - low-pric- ed top-lo- Banker lAaked. ,11159,006,, 101 .od True, Trust 285.00 Deseret National First National of Ogdea 930.00 940 00 335 00 Deseret Saving 275.80 National Bank of Republic, i. 158.08 National City Bank. ... National Copper 158.00 Beeurity Bute bank, Ogden.. F 158.00 LUh State Nattoadl 186.00 I tab Baring A Trust, Walker Bros. Beaker..,,.,.. 960.00 2 .00 3UO.OO Stoa'a Barings A Trust INDUSTRIAL STOCES. L Bid. lAaked. $ 19.759 14.15 Amalgamated Bugar Columbia Pacino Mo 47 . ..... 63 76 U0 Ram 820 70 79 12ijl4hto 144 144H 6401 US 106 7801 850 630 830 71 t 90 20 270 270 908 Si 10 - 650 600 620 SO 96 56 IB 96 n 82 62 87 8 680 101 670 340 840 2h0 860 870 934 ?0 ?0 1 ia i 42 48 9 4 168 1200 1270 430 44 110 170 83x4 770 100 115 26 W0 880 181 130 & .... 105 200 28 880 5 360 awe 172 180 200 38 95 fr Sk 30' J7 74 4 48 67 XT tiS 116 400 18 280 3 16 86 156 13 sa 4 127 430 10 164 83 87 8 18! . S' 90 180 270 16 91 72 65 90 900 li fr 79 66 260 260 01 27 1050 106 1050 65 860 89 440 430 480 680 960 20 l!! 90 10 13 810 13 8s ltek U A Fr 4 t'rab Secnrltlc . . ta 1$ M 00 WHOLESALE . . b ap a a 13 470 44 170 , CUrtSUO CMkln Uaeb loll fintu ta a o Young Bloc Croon U $ b em7as 60 lb. tubu. .......0 aa tf9 tbWMf cmn a a a a a a a a a a a triptte Aufitcu full emu tbi 1,. . Bo IwlH brick UbMU cboono 78 90 78 00 n9.06to Casa tote. f butter, a a butter 90.00 Cnuttt Mutual tmb uxtxm tmmfery MtUr, uftsti FmU iirtu muMt f butter, bent prtat 09 aw. a. h. Child Cured f Bowel A child Of Floyd Oeborfi, M 87M .580 46 .51 .ta .88 Trouble. notary public of Dungannon, Va., was Uken with bowel trouble, bit. Osborn gave It Chamber-lai- n' Collo and Diarrhoea Remedy and it quickly recovered. In speaking of thla remedy to say, It la th Bert I ever (AdvwrtTaainanLJ 2.170 , Dec Oat Bept ... Dae -- v- i 860 1.23'! 160 1.220 .70, .670 .880 s"TT ' 2S1 3Sf 26 26 26 60 19 96 36.90 26. TO " J 8 TO I 16.67 16.50 16.90 UTILITY 1.684171. . Ryo-- Ro. , Barley. 23ca$1.07. 98.90ffllB.60i Timothy acod, Clover seed. $25.280 J6.U8. . , Pork, bontlnaL ') f df yr pr ' s, (Aa Reported by i. -- i T A F gen A 1206., 4o kdj 4 1295 Atlantic Coaat L con 4 1852.. fl P L 80k B A Co.) Bid, I Askad. 94 Hog l A , gold 4 , 1246 6 1925 do conv 40e 1939 Cent of Georgia con 4 1245... . 6 Coll 8 1929 4A6mA C k O gen 401 1222 0 B A Q 111 div 4e 1248 do geo 4e 1958 do joint 4 19J1 Ck) A Gt Wentera 4e 1968 0 M A 4 P 40 3014 do g ao 40 120 do conv 40 1232 do Cak 4a 1254 Chi A Nw gea 4 4a 1923 C C C A St L ge Cent Pac 1st 4a 1248 Colo A Southern 1st 4a 1939.. Dei A Bud eon ref 4e 1949 Florida lat 40e 1B62.. .Jft T30 S50 710 ; 80 , J ,920: 67 ... 0 84; TO 75 750 930 77 930'f 50 - 69 540 69 820 55 0 72 5 h4 V - , et ..... Swift .... . Adveatur Akmrok sea sa ComtMretel . iruou li&Kbm UUim Ctlumet A ArlMba Calonftt A Hocl' Coppaf Rm 6 Wwt Dll DlTll Pllf Baite ao Blit itasats Bid, J IltdllUl , 630. 770 Lko 8ko odto t5l86tlJ 44B04 84$ tttoa4ro q 97W. 0 TO, Wr trrogulkrt ' flret. srtni fhesh-gatker-od tin i v ' Witoe. Irenes, 252dc) GRAIN IN BOND, KHW, YORK. AafA E Tte fteibl imrioui a4 bool4 frate teowt ttte e ebanges. y InrruMd W.000 frtJihell s i Coro derjiBe4 239,000 bflsh?lt. 0M Jly 8 JA 0te lncried COFFEE FUTURES. . over EuNSW YORK, Ang. 2. Ner.wtBe ropean political conditions and 4k weakness ot soma aaock marfcri cauaed th irregularity in th market for coff te future today. On tb loo .soma lm pro.e-men- t, ihowed Who), kowe.tr. tb owing to firmer Brail lias cable and reand, ports of (lightly better pot10 demand, to TO point, nftrir opeoteg at advance ef act! vs rneath told about IS to 41 point a set higher during th aaiddl of tb day. There were reoctlons eg aevenl point later under roallstag. December eaalng off from lABOe to 10 50c, but that delivery doaed at 16.64a. with tha general Hat showing net advanct of IS to 27 point. September, 10.30c; Octchgt, 10. 42c; December, JO 64c; January, 10.71c, Marche , 10 84c; May, 10 08c; July. 11.04. Bpot coffee was reported in , moderate , demand, With price oominally unchanged Jo tOVc td Ua lor Rio 90n and 190c to 180b tor Bento 4a. ) , , ' LONDON MONEY. fj COTTON MARKET. Aug. a. spot cottoa, quiet; middling, 48.00c. Futureo opened eeny; October, Sl.Oqc: December, 80.00c; Ansuary, 20. 06c; March, 28.90c; . , May. 28.45c. rnture closed very Steady; October, 81.90c; SO 8l)c; January. 96.00c; March, .62c. 32.76c; May. J ( JkQif ' IfEW TORE, Aug 3 Evaporated iprieh. llfetBc; atate. T3aitV. . dull; California, Prune. Steady: California a, SUktaOc; r.j.ei. 11U.0210P, Apviceta, dm; extra cbMce, fee; fancy, BOfflJBef Peaches, ateady; standard. 170 C18e; chair, 100c; fancy, loigzme, Jteiato. , firm; loose muscatel. 24at270c, choice to faocy seeded, 2604l2Aei oeedleae, 280QJ7to - t . .r POTATO MARKET." CHICAGO. 48 ear. kiaui iQff. fasten sobblsr, $6.009 Otete SMI Missoarl SO frtrre) Mflf CWt, , tlUVER MARKET. A a NBW YORK, Ang. 2. Bar altver. domra tie,' dolls rn. 7Xo. "J foreign. 930c. -Maxlca 90e; r l.ti? 1 DISFIGURING HAIR GROWTH - ' Has been entirely -- overcome by the ttitt It poeltively will not of BUPERFULO, Increase growth, but I guaranteed to. th hair. Eay to p- etunt ant) aeakeh ' ply, quick and. efficient In 4ta action, Don't henna t to use It On aaie at all drug btorea, or factory. Price, $1.60. D.'; C. Felt Chemloal company, Balt (Advertisement. ) . City, Utah. . LeJ KANSAR In the Matter ot the Application Case No. 325 CITY PRODUCE. i Butter Eatra 40c. creamery, 68dfc; packing. selocted caa arceuda, Firsts. 12c, 45e; Kgg . , Iota, 48c. poultry Hrua, 29c; bretlara, $2c; apriaga. to tower, lie. KANSAS BEFORE THE PUBLIC UTILITIES COMMISSION OF UTAH ' CITY, Mo.. 2e tower, Aug. 4 SUGAR MARKET. NEW YORK. Aug. A Raw i hugur-,firm; He fined, l6.8Mr Centrifugal. Steady; tine 60c. Ill.Ol'tt'J graanlated, Future were a little morn aettfo this morning and tin undertone was firmer, da to Ih Steadier feeling in Cuba, where It was Said that larg interoala Wer Inclined to hold the remainder ef thrtr tupplies for higher prices. There wa scattered covering and buying by trad Interest., with prices at midday about , 0 to 45 points let hlaher. Sugar futures closed steady; IShalaa. 1800 ton A 15 13r: 35c: December, October, Biptrmber, 14.25c; January. 1 3.53c ; March. ,11.85c. , ' RAILS AND INDUSTRIALS. . (Reported ly J. A. Hogie & Co.) Twenty Industrial 84. So, off .01;- twenty ; rails, 73 08, up .47. liner Philadelphia brought American from at 620,008 London. kLAX, OATB AND RYE. gold valued New York federal reserve bank's stateMian., Aug. 2 Finer, go Minneapolis, ment of Bsturday show an increase In tower; la carload tote, family patents hooted at reserve of . a total to barrel la 26 ponad cottoa reserve ratio deposit 612.95 to 612.76 sects. from 40.2 to 40.4 par cant. ' tt A FRUIT. EVAPORATED , f bah)s. 26 850,000 btittieU By BrfeX 4eerwe4 1 12. 000 frobteL ...... lUh Mrtnl. YORK. , ateady;, pH sent. New .. . met ..,.,...w.w .1... a. 800. 910 00 ttS gaioii ........ J....,, Pood Crwl ! Shoe Mac binary Shattuck Superior A Boston Superior Copper Trinity Tuolumne .... Uteh Apen Utah Coosoltdkted 63 ST 210 960 T9 NEW YORK RRODUC. NEW YOHfc. Aug. 1 Batter, tsft, m4fe-- New CornoltB Old Doniotoft Osceola y7 760 750 790 970 97 61Sr3.rc; flrate, 4TQ6tto. Cbeees. steady; state, whole milk, flats, rent make, writ and colored specials, 290 Q whole milk, twin, current autom 28c; , f . , , pedals, 270Q, 28c . . poultry, final broiler, by freight, 49ec old rooeter.. by eipriea, 4249c; fowl.. 4Gc; Dreeeed, qnlet; 25c; tnrkryi. )5c, Wtii.ol, , broiler, fresh. 62s56c; cklckena. froaea, freak, 28j43c; rooatera, freak,'. 48c; fowls, p old y S .......... ' 540. st49t4i M49 ..syaoof 44 . , tha extra. 55 0 P : I r ; higher creamery, creamciY extra a, 65c; cnamory flrate, 610 s4oq4ks MRU Cob 2008 1927 lav Oc lot 5 U Tr BF IMS TirglnJ By 11 at 6 1962 W atom Pac Iqt 5 1946 ...... 8oaMi4a 44d Stott' s nf 4 tewv 4 4a 6ll6ksgk6a Hancock BONDS. Hot 4 CO n' 30: 740 00 91 980 P lat land (rant 4a 1949,... do 1st ' do 1st U BY ............ ftfohtwk so Kortfr BBtte NlptMtOC 94 5 - 84 conv 5 1934 do conv 4 192 c V, 75 ...a,. to JAfcwfT ; T ..... Ilia $ia. OBTON STOCK QUOTATIONS.' (As Reported kg I. A. Bog Ik A Oo.) .7 M ant Bept )S 20 By 6 1242...,..., Northern Pac P L 4 1299 ..... . - 980 0 g L vef coll 4 IMP 950 4'J 1265 .M... "J76 Pegs . do coo 40 .. 950 92 Beading gen 4 1287 ........... P 5 ID guar 6 notes 1D23 960 It B F Terminal 4a 1968 65 73 Souther Pae lat A leg 4 195). . do coll New York ' " 55 850 , 1087.....,. ..... .. i NEW YORK MONEY NEW TORK, Aag. 9. Mafcantli paprt, g V . per rest. ' Demand, 8.Tt; Exchange. heavy. 8frl1n 9 8lcJ France Demand, 93 910 cable. 8.1c. Demand, 8.1c; Btlglan franc cables, 7. 84 OOc; butldera Demand, rabies, - 8 18c. cables, 94.02c. lire Demand, 6 83c; cable. Mark Demand. 2.27c: cablet,' .26c. 6 85c. New York exchange on Montreal, 100 pH cast , discount. 1 . LONDON, Ang. 1 Holiday. toana. strong; sixty Raya, llaatjr day Tim - Dlerout raheer tohavt Mosey, 60 per and ait Btoo the, 80 per cent thro ceot; aohtla Call mosey, ateady; high, 8 per real; low, Wills. 646 hih. pet 9 per Cent; reling rot. 8 per cent; etosing bid, 4 Pr cent. 9 per cent; offered at t per cent; tent koa, ' y u 4a 160 MlrhiftB Copper -- .... yir yol-to- Nortii .. 4. .. TAT 8., 40.. .. 5., .. Mepartetf by 9 A 7.880 1.120 .620 -- o 49 47 1 .... 94 87 batta 8 ... PRODUCE. DAIRY ereamary 4 70,00 (.50 ... comp.) 'art Fresh rob 72 50 ... .i.i,. .. Hotel Utah fla HUB Idaho Bhgur 7s, 1880 , (QMfcitlOBt 50.00$.., $2 15 ... oi3$ 1.180 i0 i!o6 Commercial Club 4a... ..L. L Block Ex Bteadard Coal lull Rr A IA lit 5 . Cor 1140 1140 teg -.- ..1000 tat M Martnh a. do coupon .....lOOTaL A N no 4s... 970 105 Mo.KATex' Ut 1 a. 64 V C 6 4s ref Mo Pac gey do er 4a coup. ,106 620 99 Moat Power 5 . .. 900 Panama 8 reg 99 Psc . .. 800 do coupon Ante T A T cv B 80 Pens eon r. 860 Armour A Oo 40a T50 Proa gas 8 ... 920 0 91 L A 9 F adj 6l 62 Cent Leather 6a 66 80 Railwag 910 C.RIAPRy ref A Pae 1st, Chile Cop col Ir 6 91 0 Tr 170 Erie gen 4a 400 Wabash 1st .... 10 82 Gen Elec 5 9 I ito$f.:i9.80 Mar ... ... 2.68 Rib ....... .......... Open. LEADING FUTURE. Law. . Cka. Big k. h NEW VORK BONDSh AND TBI OF iiiasd OMk Qo a earn 600 600 111'4rewTd i ex Rdlll is 910 810 Kirr tAk. Bt8dM4l 64 45 50 64 844 88 820 830 U lU Coppcf ttW 88 950 50 Llkt MllOtt Tilley oo a mo 13 940 64 64 74 r & M0 960 ) 8-- (4i RANOB bklo thi forecast today by th6 department Of AgrlcultuNi. basing lta estimate oq tha condition 'of tho crop July 85, wklah wag 74.1 par cent of A normal. I Tbi of more than tnfl-Ula lucre bale In tha proapootlvo production.' Bxontto of cottofi over the Indicated yield i, A production of JLiaO.OO vmn forecast from tih8 condition Juno wda 70 7. production last year wa 11,329,756 bale, and th condition oo July 97.1. 25 a year ago wa Th ten-average condition on July 25 was 75.4 Conditio! of Ut crop $y gtatoi on iuJy . 25 waa: Virginia, 9L North Carolina .77, EoutB Carolina 79, Georgia S3. Ylorida. IL Alabama 67, Miaaiaaippi 71, Louisiana 7L Texas 74. Axganaos 79, Tennessee 76, Missouri 81, Oklahoma t.i, California 55, JLrto son 95, all pthcr at at as Si. t ' I , : r '') n . ; r .RAILROAD bONDfl. 700 760 ..... 920 18.88 16 88 ' 930 ABU 15.87 18.07, At Nertheta rot 40 1261.,.. ,95 170 TO0 CASH QUOTATIONS. lilt non Ceot rot 4 105& 770 do 60 n. urrd 1864 600 Wheef No, 9 red. $2. 22 2. 3; Has' 9 hard, Be 1958 K C Bootivarw . lot ..e..l 620 93.19qg2.2A , Louis A Nash on if 4a 1240 ..... - 97 0 Con No. I mix ad. $1.4001.4104 N. 3 Mk Utkin Cast dtb 4 IP- - ..... . 730 il 40Q1.43. 179 78 1952 Oats No. 3 white, 710e; No. I Whit, ft 10T 1 NB ret 100 N fttnt ref 40 2018 UH 6t0e. 25 11 310 5U id ....... INDUSTRIAL t .690 ... 670 Pork ept ... ...26.00. 0 160, 120 1400 Oct ... its 141390 1380 Lard 210 910 10 Bept ... 2 110 78 Oct ... .r.ii'.ii 830 10, 65 Rtbo 65 94 a 460 480 Bept ... ...16.98 S 77 Oct ... aoi 7F 206 , .... 0 Ang. 2. Broader tmcnlatlva tup tag, tempted by 'chance of a reaction . from the big Adeline of lata, did mack today to UR th price ot wheat. C toeing quotations war mettled, 10c 85 20c .net higher, with De; Cara camber at 92.180 and Marc at 62.18 gained 20e to 80e. and oats 0c 5 10e. there wa B setback ranging from . 17e to 22c. It was th first time since trading ta Datura deliveries ot wheat had beea matted d demand .bowed that Apeealatlvo Itself, and gave energetic support to vatoe. Tb market opened weak, bet absence of freak liquidation made brtrn ensttoun, and then opinion appeared to spread that hot, tom price bad beea reached, at least for th time being. Considerable hedging pressure, which wa la evidence at times, was offset with Italy and by goealp ef export buatees et a 3,000, 000.000 bushel Estimate Belgium-- , Crop 1u tb Lntted Stale this season bad only transient affect th checktof th bull. Corn and eats sympathised with' tb Upturn ft Wheat aad Were further strengths 44 by com(bat dry weather wa increasing tha plaint likelihood of damage to corn. Provlalana lacked support. Belling, however, wag chiefly of a scattering order. CHICAGO. 1180 16 ....... .... Nevada Copper ....... New York Central ... N Y, N H A Hartford. Norfolk A Westers . Northern Pacific .... Oris Prod A Refg .. Pacific Tel A Tel .... Pub Ante Petroleum , Pennsylvania ... .... Pittsburg A W Vi ... Ray Cos Capper Reading Rep Iron A Steel .... Royal Dutch, N T t. SheU Tran A Trad . Sinclair Oil A Refg.. Southern Pacific Southern Railway .... Stand Oil of N J, pfd. Atudebaker Corps Texas O Texas A Pacific Tobacco Products , . Trauscootl Oil Colon Pacific . U 8 Food Products (7 g Ind Alcohol , U 8 Retail Stores U 8 Rubber 17 8 8teet Utah Copper ..... V, estlnghouH Else Willy Overland ... hate is hundred. 12 IK 620 ...... Oil 900 70 51 ....... State 920 B50 050 B50 A ...... Midvale Steel h 531 Illinois Centra) Inspiration Copper .... Int Her Marina, pfd.. In tern at Iona I Mratl . International Papas tr, K C Southern Kennecotl Copper .... LoatavlU A Nath ... Megleaa Petroleum .. Miami Copper Middle 73 , 95 1310 7T0 771 560 50 1160 1180 aiu3 14) S3 800 ....... ......... ........ ctfs 170 431 .......... do Oro lit 75 104 97 5 A Ohio thi, MU A Bt Paul..,.. Chi A Northwesters Chi. B I A Pae Chine Copper Cora Product Crucible Steel Cabs Cash Sugar Erie . , ; General Electric General Motor G1 Northern, yli 9i BA 6 Seth A Bap Copper... Calif Petrokum Canadian parifle ..... Central Leather ...... Chandler Motor Che 51 670 2 1360 60 35 16, 4. Bid. - IBmh.U.ew.lriv aa New York 'Central, Union Pacific Southern Pacific, Illinois Central, Louisville 0 Nashville. Atchison, Reading and Northern Pacific were In the van. With material improvements also in a long list of roads and a wide sprinkling of specialties Expectations that the railroads Would shortly be in a position to purchase large amounts of needed stock cauaed active buying of the equipment group. Popular Industrials also moved forward. Stocks were quickly supplied at the higher levels, and the trading element which had taken th long aide made haste to throw over its holdings. Particular pressure was exerted against A great variety of shares which are popular speculative medium including steels, equipments, shippings, oils, motors, textiles, paper and food securities. Advances under the flood of liquidation and short selling soon were canceled, and the list crumbled array steadily until many leading stocks were quoted at prices well below the low levels recently recorded. Lack of any sustained buying power discouraged the bull faction and encouraged the bears, who mads drives against particular issues in an endeavor to uncover order. Reactions raii anywhere from 1 to 9 points. Bales approximated 1,800.000 shares. Much stress wBa Mid q the unfavorable character of the foreign news and th fact that cal money continued to rule at stiff rate Persistent heaviness of the foreign remittances also bad a damaging effect. Bonds were quoted substantially higher and held up well, despite weakness in other quarters. Foreign bonds were sold at concessions and there were moderate recessions in the Liberty loans. Total sales of bonds, par value, $10,168,000. Old United States bond were unchanged at Raien.Hlgh ., Co.) . NEW YORK LISTED STOCKS. (A Reported by J. A. Bogle A CM NEW YORK STOCK UST. stock mar- 8008 Market, steady to balk. $18750 1888 Cattle Reeelpta 9000. Steer, 26c tower; oalL batcher. 95050c lower; steer. $9.50016.00; sows and heifer, $3.35015.50; calves. $800 NEW YORK CURB STOCKS. (A Reported by t. A. Hogla A Oo.) gheep keeatpta 900. Martel, steady. Bwva 972)00800; lambs, 3U5801875. e rrm Th ket today wa subjected to severe fluctuaimn Beet Sugar ...... tions, with Anal prices allowing considAmericas Can ........ erable losses in a large number of specuAnn Car 8 Tdry lative favorites Am B A L. p(4 ..... Announcement last Saturday, after the Amo Interaatl Cor pc a. clot of the market, of the rate increases Amn Leecmotive ' ot wavs a granted tbe railroads caused Amo Smelt A Refg .. buying At the outset which swept prices American Bugar upward at a rapid rate. All classes of Amn Sumatra Tob .... shares participated, with gains ranging Amn Tel A Tel ...... from 1 to 3 Vi polntm Short covering American Woolen DENVER, wa of an urgent character for a time, Asia S. L A 8 ....... The Tritmaa. ta with commission houses reporting a large AnacoeSa Capper . . . gpectdl pgNVRR, Cola;, Ang. 2 Cattle Receipt. Infinx of buying orders from all sections Atchisoa ... Atl. bull A W Indies. 708. Market, 25c to 40c btgber. Beef calves, of the country. Loromottr .. M 010.00; stockera aad feeders, rail share Baldwin Seasoned dividend-payin- g A Ohio .... j made the best showing. Such favorites Baltimore Steel B" ...... 50a 500. BULLION REACHES GOTHAM. NEW YORK, Aug, 2. Gold bullion valued At 32,300,000 Arrived here today on the ateatoshlp Philadelphia from South- The bullion, 266 bars, wa shipped by N. M. Rothschild to Kuhn, Loeb A Com--P in "e i Severe Fluctuations Feature Days Trading; Market Opens With Price Advances, but Drops . to Low Levels on Heavy Selling , ; NEW YORK. Aug. J. ot a v . CHASE BANK SUCCESSFUL Chaed WASHINGTON, Aug. L Th National bank of New York and associates were the successful bidder today for certificates ot Indebtedness ot tbe government of the Philippine Islands to the face value of 910,000,000. The certificates bear Interest at the rat ef 4 per cent per Annum. . By an act of the Philippine legislature approved May 9, 1918, the Issuance of theee certificates was authorised to regulate the currency system ef the Philippines and td establish A resbrv fund for the same. The Chase National bank ef New York and associates offered 99.959,000. , ' amaMBaaMaaummm OMAHA. Neb., Aug- - A Cattle Reeelpta cattle, tirpi; beat beevea $15.50; gras steer, steady to 25c tower; grata eowa and heifers, 25050c lower; bulla and veals, announceth with run investor, by day steady; atockars aad feeder, steady to i3e ment that they would be opened tomortower. , row and payment continued to depositor Bogs Reeelpta 7588. Few early Hie. Cholc desiring their funds returned. light, 16035c lower; general market, When the Offices closed a long lln M mediumsteed?; light, $14 25016.00, top, $16.55; packInvestors was still outside, the last of ing grades, $19 75014 00. readhundreds who had come today after Market, opening Sheep Receipts, 62,000. publicity egent for- alow; bid ea fat lamb and yearling, 25050c ing a statement by aPonsl comthe balk that ef 00; sheep, gl2.60ffll4 lamb, lower; employed by merly tombs, steady to 25c tower; bast feeding pany wa insolvent tower. ; arsed? It full others, paid-iwere n today, All claims - was announced, th principal being renotes turned to holder of ninety-da- y which had not matured, and principal and 58 per cent Interest being paid on matured notes. Fonsl estimated that h had paid out 33.500,000 during tha run h which hlt1 began. a. week ago, but Insisted . . plenty of money.were At on guard placed police Tonight the offices as s precaution. It was exand. entering, plained, against breaking Those who had been unable to force their way to th door were dispersed without difficulty, Conferences Were held today between federal and state officials, but without Ponsl was cloeeted definite development with Attorney General J. W, Allen for more than an hour tonight Edwin Pride, auditor employed by the federal authorities to investigate Ponal'a accounts, bald today that to far be had found no Indication of criminality. I i ftiNSAl CITY, Ms., Aag. (United gtatrt Cattlw Reelpte, Bureau of Market 5,008 sale faw around Caanera other Classes; steady; In around the lower levels estsblished to weak 518761 beat ataars, arly, low; quality, last week's extraordinary fall of prices. bulk, constating ot greaser; auaraatin receipt, The railroad rat increase Is stirring 95 ckra; calve, weak ta 1 lower; balk, early. to In the regard up th usual deductions $14 25014.75; practical top, lata 31808 additional burden brought by It to the Hog Reoalpta 5000. . Market, steady to 10c cost of living. At th moment, no true higher tha a Friday' average. Top,, $16.76; he obtained can situation of the Insight balk, light and mediaaa $15.2501870; balk, . few Ih reaeon that th bases bf argument . heavy. should the 5008, Market, ,, generally are in a state of fluctuation, gheep Reeelpta marclassea ana aU on wholesale good noted Balk, In tendencies steady grads price and native Umbe, 319.35015 50; kets last week be continued, and thi and choice 66 ewes. beat fat 5800, cull. of the 8007.60; favor bulk, in are chances strongly movement. It will be found Ister that the (at yearling, $10.00; feedet yearlings, 5.00. addition of tnoreased freight rates to selling prices hav been more than offset by the shrinkage of quotations Sterling exchange worked loWef, London rates as well as those of continental countries being affected by tb grave site uatton in Poland. Doubtless the tall of stock was also .Influenced in part by the possibility of allied participation Russian force and by the against oftheRumania to take the field threat SterBolshevik Russian the against 1 receded cents, sight drafts dosling i ing at 3.74. 1920 Cotton Crop Estimate Fixed at 12,519,000 Bain . WASHINGTON, Aug. A A cottoa top' 12,519,000 wx STOCK QUOTATIONS DECLINE 0, i I NOTICE OF HEARING . Notice is herebygiyeA that 'the application bf railroads in tJtali for increases in revenues, Will,, be heard hefore tha Public Utilities Commission of Utah, at its office, 303 State Capitol, Salt Lake City, Utah,1 on Wednesday, tha 11th day - of August, J920, at 10 oclock a. m. ' v - - - , . By order of the Commission. 27th day of July, Dated at Salt Lake City, Utah, this ' ' ' . , . A. D. 1920 . . EAR0LD S. BARNES, j . Assistant Secretary. , ' . |