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Show I Till: SALT LAKE TKIBUXK, WEDNESDAY cz STOCK MARKET TRADING u Commission Yield of Rules 74 Per Cent To decision of the atato public utlll tie commission announced yesterday that one-haper cent, depreciation reserves. Is be allowed the Utah in Its petition fob considered ae the state of the chances In the financial markets during the pres ent period of reconstruction. The decision Is hailed in mahy quarto .A ImlK Sllv of, a policy . towards the public utilities of the State which make it possible for them to compete In the money markets for rspltsl with ether Industries whose earning pow re have been Increased mors proportionately with the rise of money costs. lu the decision the commission states: The commission sprees I u general with tbs thought expressed by tbs United States court In the case of the Lincoln Oai Pc Electric company versus l.lncojn City: It Is equally well known the annual returns upon capital and enterprises the world over have materially Increased so that what would have been a proper rate of return for capital Invested In gas plants and similar public utilities a few years ago furnishes no safe criterion for the present or future, "Great care should be exercised, However, ao thaj in carrying out the principle Involved In the foregoing statement no Injustice be done the public or the utility. The commission believes that substantial justtoe will be done all parties If tha company Is allowed to earn a net rate of approximately seven and one-ha- lf per cent on the valua of Its property as found and fixed herein, exclusive of the amount required to be set aside for depreciation reserve. It Is not to be assumed, however, that the commission undertakes to guaranies any rats of return, because to do so might In some cases lead to Inefficiency and extravaganca in operation. This the will not countenance. Such rata will be approved as appears Just and reasonable both for the utility and Its customers. ' lf 111 " " .(Wff.OW ghareti. of finished manufactures will also show large gains. This is indicated In the most recent figures received showing what our trade to the end of February has been, the actual Increase In manufactures bid ding fsir to reach 1260,000 more than In the 161! fiscal year. They show In add! tlon that In February, the value of raw materials Imported totaled 1107,000 000, as compared with 183.000.000 In February, 1318, and for the right months of tha current year were 1 1,418,000.000, as compared with 1744,000.000 in tbe corresponding period a year ago. A conslderabe slump In Imports from Europe, according to the National City bank, was expected, as It was supposed that tha European countries had but little to sell us. But Imports from Europe in February amounted to fl 07,000,000 against only $30,000,000. while exports to Europe In the month Increased to from $374,000,000 last year. "Whatever may be the shortage of ex says the port materials .In Europe, bank, "It certainly la greatly Increasing Its sales to the United States, the mer chandiae received from the United Kingdom In February, 1920, being $82,000,000, against $11,000,004 In February of last I year: from France $13,000,000 against In the same month of last year; from Italy $3,000,004 against lesa than $2,- -, 404,000 In the same month of last year, t end the Netherlands ,$12,000,004 against J2.000.0o0 In February, 1919. The articlee composing this Increase In European sales to tbs United States are chiefly luxuries t diamonds from the Netherlands; silks and e cotton manufactures laces and from France and England; olive oil and fruits from Italy, and also considerable other quantities of India rubber, and materials which these manufacturing countries have drawn from their colonies and are reshipping to the United States. New York Times. a a a t . 1 Where the Earnings Go. the basis of railroad earnings last prepared by the jear, a compilation Railway Age shows that in one month the earnings of 17 days were paid to labor as wages, the earnings of - days were paid for fuel, the earnings of 6 days were paid for materials and sup- days were paid plies, the earnings of 1 for taxes, equipment, and facility rent. This consumed 27 dsys of each month. Continuing. The Railway Age says: "The earnings of the remaining three daya went to net operating Income, and were used by the government to pay . the guaranteed standard return to the companies. The net operating Income was Insufficient for thle purpose, and, In con- -. sequence there was incurred a deficit, which had to be paid from taxea. On 3- Bobber Business Expanding. The growing demand for rubber and I rubber products since Ibe end of the wsr Is reflected In the annual report of the United States Rubber company for last , year. This shows an increase In net sales to $226,589 45. as compared with In the preceding year, and $216,398,426 la particularly significant wben It la remembered that a lair volume of war was handled In 1918. After business ' payment of preferred dividends and dividends on minority stock of subsidiary companies there was a surplus of flS.-- I 89,194 applicable to the common. This was equal to 17. 6 a share on tha common outstanding, and eorri a share pared with approximately $2.86 earned In the preceding year on the $3,- -' ooo 004 then outstanding. Tha balance sheet as of December $1. 1919, shows an Increase In the cash Item In 1911. to f20.017.C44 from $12 370,28 while total current assets advanced to $12ft,328.-142 $11,176.068, at compared with In 1911 total current liabilities were g.C.601,165, leaving net working capital 1 MERE a a totoe I DIDN'T Am Am AM Sale. 7. tougar I this of nkjht 6 S No, , . UL Ama Am Am Humatra To 'I r$ A Tr Am Am ft. L A fl Afm Afraiena AH Bald w H7S IMS .. flj Loroxtootl . A Ubi -U fl A flu Copier... tallf IvtniiMii t aa.Olaa Iacirte t hi. Nil a t Itaa a this ol Car 2 . Iraa , I 272 Reported br J. A. Hofle BANK STCM kS. (A tS ! I.V2AI a? MU r a MS U 7IS, U II hi 1AI io'6 is sit,, i a XI t HU ,200 Mi ' j, 241,; S5. 47l, j I 4 47 4, mai zi B2a ai Al 911 ai "I I Hr i4 tis! ft t e - A n , 4J at u we,, aTS,IOAlo4Ailur SI 41 j II 4U'4 29 k I M i i! ltl a lt4JW711 ISO 11, I4H 42 41 7 2l 9S I 22 22 172 121a Hint l.l 4 2ll 3tkt 2O0 T. ll 14 70 S am 47 1( 1, .v, 112 421 201 n 7V,I Sj yj i 7H'4 ai 111 24 A I reg 101 pi u de raapna 101 Int M alarm 0a. 0 4 K C So reg 100'j ,rf a ga da ce 4 ruup. . liter, A N 4, "I Panama Ba rrg .. BS tin U. 48 do ref ..... H3 Wo J' ganl,t4 43 Am. T re S. S3 Moat , s, Ml Aaglo V reach 6. ,. m y M Armour Co 4 sti Nor Par 4a 71 Atrhiaon gra 4a.. 74 .Nor Par Ba 4t R V re eu O 8 L rrf ci' 7s Roth Btrel rrf 4a. Bl Pai T ft T Ba" Kl teat 1 rather 4... Mpraa coa X7 Cent Pae tat ... SB Pena gra 5 74 Heading gea 4a..! 71V 9 rr I,1 OH rv Ho 1gf i,MANt Ml h. (f A RIdPHy rrf 4. HI Ho H2 Chlla Cop rol tr a TI'iTex RaiJry . "lrur. fa City af Part Bo.. SSi-T- ri ft p.J ui" SmJ f Ola ft So n-- f 70 I nloa Par 4 ) 7 K 1 K. '!.' B ft I af t 4. 4., lji, r Reported by J A. Hoflf & Bid. Ort IKtt... Hay 19J0 .... Arpratinc Dom of Caamli 5s 1921 .... do 5 April 192d ..... B Anfllo-frre- 89 87 V 81H do 6 lKlf Cltj1 of Pari fl 1821 . Rep of Proftco (a 19flt , RuaMioa Ext 198t RvbIm Inti 5Vh 1828 . U k 5W 1IW7 do 6Ha 1821 89 80 25 40 87 84 95.04 do. ho; 8T.20' 80 W la Liberty 1st 4o do 2nd 4a do Int 4V$o do 2nd 4m do Srd 4 do 4th 4 Vi a o !H 4 ......... ......... 87.02 91. OH 87.72! 97.00) 7.10 . (18811 Rrle 994. r 97 81 92 91 fti' 4a L Ashed, 9 Lt r,d .. 4p ru Elec Nor lat . 5a..,.t. 4a. 5. 1 iV aba ah 9H4 19371 T 8 Rubber g IV 78 lat .... u5... 87 HIA 85 New York Curb Stock. 91 M 8h Victory (o) 00 28 44 88 95 95.08 90.94 87.24 90.70 87.68 01 .72 87.76 97.04 97.14 Air Krdoctioa Aetna Esplosire .. . . I iwvrolft 1'urtiM Orr Holl, rom man pwferrrd .... .... lakr Torpdo . . ... Submarine Boat I sited Wohmt C fl fltramftMp ... Wrlfht A Warria.. Hupp Motor iVerlea ... a...j , , Caledonia I uawda tofper Responsibility of Banka. Arizona There is a grave reaponsbllity upon foaifflldatNj Monster individual member banks of the federal (reea Hecla reserve system in the matter of regu- Howe flonnd Iron Blossom credit, a responsibility lating now than ever before, of the greater Jerome t erde greater Kerr credit power which the system makes !ake Magma ("opper possible, according to Fierro Jay, chairman and federal reserve agent of the Mason Title jr Newr York federal reserve bank. In tbs Mot Iteriode. old booklet report of the Institution for the ilotherktde, . sew Mpikiini year i919, Mr. tlay says; Ohio ajper a.......,,..., Except in the case of open market Ray Hereulee transactions, whatever pressure federal Elewart reserve bank rates may put upon the kurcewa Gmrel volume of credit is exerted, not directly, Tomrpak Ecieosioa but through the member banks. It is t nitwl Verde ............. important, therefore, that as thp first Yerlngton are to undertaken reduee the loosohdated Copper being steps great rredtt expanson which war financthe member banks ing necessitated, should realise that the existence of their Boaton Stock Quotation. new credit organisation does not lessen IAa by J. A. Hol ft Co.) the responsibility for credit conditions which they formerly recognised nnd assumed. On the contrary. It rather In Swift creasee their responsibility becaus of Adventure . , immensely Increased credit power which Abmeek Commemal .w. the tew organisation creates smT which Arison Mines Hiagbam In take the thev Initiative using. The (alumet A Arizona duty of the organisation la to establish Calumet A Hccla. such rates as will suffice to keen the Range volume of credit within control. But it Copper Paly Went IS the credit polldee and requirements East RuOe ... , of the member banke. reflected In the Haneock amount pf their reserve credit thev call Indiana use which will usually the volume. into determine ft. ft Bought Many Stamps. T C. JeniMMt. fliiperintndcnt of In Jordiia district. At the nouth ft chooIf nnd of Island Creek do preferred Isle ai Karr late U flaUe London Money. IflN'POU, tfcra. irtrll rat. aiMtha' l.McMiat bill. IB Mna.r, Rtaort B I.III., tl6 pr-- r 1 cat. p.r it. at-- 1 ( ( bl A A M i(rn 4 4n 4. 2014 at 19H0 M P . . ..... r. ....... fish CoQMolidated I tah Metals flhoe Msf'hiserv pfd 3704 Giles. 3766 Ollea, F E. A N w Pr rf lt lf ref (j lo A Koniliorn Do I A Htfdfton Kl A K ( o$( An it -- Dir alvr, 11.10, April 13 Bur aUror. fihijfl rr Potato Markot. 10(10 .1 4'-- g 1 IxONDON. ouaur. . 961 CHirAisO. April 18. epotaioa. irrakrr. Rr rrfpta. 2 rarv. NortHm ronnd vrhitr. arkrd. A75f7 0d. ditto bulk. 6.99(m7.15; Ktaga, arkrfl, 857:4i3K5. i 10.15 MorurM TORE. Aorii Mpxtran floiiara. 80S$r. NET T 47 C V A HI L ffa.rt 4 III (M M A$ 1049 4 ii'29. 4a 194.1 , rat Silver Market. i tai (rn Etal of Utah, office of state road commission, Salt Laks City, Utah, Sealed bids will be received by tha state road commission of Utah, state captloi, Balt Lake City, Utah, at 2 o'cltxk p. m , April. 20, 1920, and at that time publicly opened for constructing an sarth roadway with granite or gravel surfacing, between Cedar City and Lund in Iron county, atalo of Utah, the same being dcs.gnated at Utah federal aid project No. 1L The length of road to be constructed or improved ia 33.3 miles. Plan and apociflcaliona are on fllo In tha office of the state road commission. Balt Laka City, Utah, and the office of tha bureau of public roads. Colonel Jiud-ao- n building, Cigden, Utah. The aliove plan and specifications may be obtained at the office of the state road commission on depositing five (66 00) dollars Any additional Information may be secured from the etate highway engineer at Halt Lake City, Utah. Tha right lo reject any er all btda la reserved. Cash or certified check for one thousand dollars $1000.00) made payable to the Utah etata road commission must accompany each bid ai evidence of good faith and aa a guaranty that If awarded the contract, tha bidder will execute tbe contract and give bond as required. STATE ROAD COMMISSION, m414 By Ira R. Browning, secretary. NOTICE TQ CONTRACTORS. 1D,0 ...... ..., rtHu 4U.$i 1932 do drb 4a 1034 r w... 1040 102J 4n K 1o ( 1915 1 tit do 1064 .t-.- . See This Marvelous Machine in Operation Angto-Frenc- dlplo-unat- Sealed proposals for furnishing the necessary labor, tools and appliances for excavating about 6w00 lineal feet of trench for Willard City municipal water supply pipes from the present municipal reservoir, westward along First North street to Second West street, and southward along Main street from Flrat North street to Second South street, and backfilling asm after pipe Is laid; for hauling, laying, caulking, recoating and testing about 6000 lined) feet of Matheson Joint pipe In trench, together with certain connections and specials, for Willard City municipal water aupply, under and apeclftcatlona og file In tha plant of office the City Recorder In th Cltv Hal! of Willard, Utah, will be received at the office of the City Recorder In the City Hall at Willard, Utah, until 1. 09 p. m. on the 23rd day of April, 1924, at which time all proposals will be publicly opened and read aloud. Instructions to bidders, plans and specifications for said work, ean be seen and examined at the office of the City Recorder in the City Hall of said city. The right la reserved to reject any and all bids, and to waive any defects. By order of the City Council of Willard City. Utah, thl 6th day of April, 1929. CHAS. P. EL8EY, (Signed) City Recorder. First publication April 10, 1920. Last publication April 23, 1924. m3376 SHERIFF'! 8ALE above-mention- In th district court in and for th county of Salt Lake, State of Utah, Rio Grands Lumber company, a corporation, plaintiff, against J. A. Campbell, defendant. to be sold at sheriff sale at the west front door of th county court house in th city and county of Salt Lake, state of Utah, on th Ird day of May, 1920, at 12 o'clock noon of said day. all the right, title, claim and interest of said defendant In the following described real estate, at 159 So. Main St. lc Next Door North of Glen Piano Co. Free Demonstration J SECOND - , A SOLD FOB ABOUT ONE-HAL- THE COST OF OTHER F WELDERS it: All of lots and forty-on- e (41), forty-tw- o (42) e lf (43), and th west of lot forty-fou- r (44) block seven (7). University Heights, five acre plat "C, Suit Laka county, Utah. Purchase price payable in lawful money of the United States. Dated at Salt City. Utah, this 8th day of April, 1920. JOHN S. CORLESS, Sheriff of Salt Lake county, atate of Utah. By F. M. MATHEWS. Deputy Sheriff. James Insebretsen, attorney for plainforty-thre- one-ha- tiff. Date of first publication, April - 7th. 1420 ml"6l NOTICE TO CONTRACTOR!. pr. Notice Is hereby given that sealed hardware, etc., poeala for tbe finishing required for tbe new Salt Lake county on Twenty-firlocated South mfirmary, street, near baState afreet, Balt Lake City. received will at office of th Utah, the board of county commissioners, room 06 city and county building. Salt Utah, until 11 o'clock a. m., April city,1920, when proposals received will be 16, publicly opined. instruction to bidders, togethsr with specifications, form of contract plan,bond. nav be obtained at the otfke and of Pope ft Burton, architect , 629 building, March 29, 1920, os de$20.00. posit of ooard of county commissioners The baa and reserve the ngbt to meet ary or all bids, or to accept any bid which the board deems beat and walva minor defect. By order of th board of county commissioners of Salt Laka county, state of Utah, tb 34th day of March. C. F. STILLMAN. Chairman Board of County cominta- etoners. 3. E. CLARK. ' A teal1; (Seat) County Clerk st -- -- .. .... TT do fn Joint do 4 1.. j w ptling fr maLe' !heuiJ fasti enough to supply tha deinanif from sheet metaT shops all over tbe eounfry. Limited offering of stock to investors who want safety and ditideuds. Authorized iv Utah Securities Commission to seH'20,000 shares. A wonderful opportunity. Investigate today it will bo well worth your while. Order COME AND OOO Trinity Tanlumne , 1 tab A pea ... ..... ..... 1929 $U Toni A Nb unit 4 1946 .... l.l to Th Trlliia- -. font fifth 4s ip.1l NEW YORK. April Li. Ktticka tecor'lcl MliliiltaB N O A N trf 4iaa 02 Y t ipt fftf 4S i conaldrrable strength among epedl Isal8 Want ar a convanfenen Trlbun sues today, with an uncertain and heavy Nw York Ry fta 1943 ...j many wv. m d their coat ia but a trifl tone among the majority of atandard New of a much larger outflow of had been exgold to South America ported acted to uroure a ronrervattv. attitude among stock market truuars toward the money market, and an advance of the ra.l money rate from 7 1o 12 per cent in the afternoon had much to do with the price movement. Approximately $20,000,000 la scheduled to go out on today a steamer. Last Saturday $5,000,000 wa exported to the Argentine, these transfer bringing the aggregate of the year to a point near $10u,60tl,004. Aa an offset to tma stands the $51,000,000 brought in from London, which came In from Canada some time ago. In addition to the effect of the export of gold, money rates were Influenced today by exdetensive withdrawals of government posits. The primary apeculatlie movement In davs past, was In stocks, aa fur the sugar group. Home of the petroleum stocks gained ground, hteaking out ol for the'lethaigy which had affected them old several week. It ia probable mat the aharea. like the rails, cbvb 7ecn put in- der pressure latc.v by reason of discussion of pending new capital flotations, a well as the substantial Jf8 of new eel The oil curltles which have occurred. Industry today Is laboring under heavier costs than ever before, which cnnances capital requirements at a time when a record volume of business at oil fields and refineries is calling for more and more cc?dlt. Whether todays recovery of the aiares reflected more than short covering remalDS to be disclosed by future price movements. New capital needs In many directions are pressing upon the Investment market, and the supposition Is permissible that part of the selling of Liberty bond of this week has been for the account of corporations which elected to Increase thulr working capital by this means. Sharp recoveries occurred In French and and Italian exchange sterling turned about after early decline for. a new gain cents to the pound. In banking of 2 quarter the rise of francs signalized Itself at the Euiopean centers at the passing of strained relations of England and France oier the latter countrys activities In resoeot to Germany and tbe reparation provisions. Presumably, a senn timental leflex of developmenta was seen in the course of lire, although a more popular explanation was that Importers of goods from Bros.-Rober- ts Italy had been moved by events centered in Paris and London to anticipate their future requirements, holding tnat cooperation between Britain and France In German matter would result In a growth of trade gei,crallv, German exchange de- rltned raiher abruptly to I Wl cents per mark, compared with a quotation ground 2 cents the day before. The statement or the Imperial Bank of Germany, as of Universal Spot Welder Marco 31. contained one reiKin for the reaction, showing, as It did. that outWatch it join sheet iron in standing currem v liad been increased in a week more tlian $ l3$,pon In Hie second half of ilarrh the hank a note isONE-HAL- F sues expanded $66.9,000.(109. b)ecd! Thats what modern manufaeturers want for increased producNew York Listed Stocks, tion. These machines turn, out more work in less thn and the comA (ol (Ab RpnrfM fur Jf. A pleted job is stronger and neater. ... .................. to Ooor N. Child. 8tt miportntendent of public in- MasacbiM$eOa ( ou MMteiyss Copper struction ytsUrday that the mar savings M ohs mk f. .... . tamp purrha$s by pupils of ths district North Unite schools from Julv 1919, to January 12 . Mpissing 1920, totaled 232.29. North i.ke New (amelia Amendment to the articles of valuation Old amuiioa of the Crane company filed OsetHtla with Harden Benntrm, r relary yesterday of ute. Road Oeek ..... A Poe Increase the capital stock comMaehtaery . that pany from 917,000 060 to 127.000,000, Th8 Hhattnrk . . .... 5 Bosto in tha cost Superior article changa tha company 1200 filing faaes in Utah. i$pertoe Copper , 8aU Lflko county, rooorted ol i.t Ntaflhrn Ill (aot rrf ...........a........ r. . Lake topper Maeea tailry Pavia Paly .... North Par P L 4a 1W7 .......1 0 fl L rrf roll A 1920 I'raa R R po 4Ua lfat5 j ronv 4t 10-Rradiiif ca An l'k7 All A I'D Hour 4H'Botr )V2T Haa Pranr4aro Trm 4a 190 . .j iSoinb Tar 1t and rrf 4a 1915. dta tn ov Aa 1944 . ' do roav 4 Vco .1 4 land Par Ut 1947. (ado rrnt j In, rrf AnA 20 d af roov 1927 1Hiro Ut L roll 'ir 8K 4 1026! tirgima Kr M mt An 1962.. H'ftatfm Par 5t Ut 1046 .... eev-er- . of $93,727,007. In 1919 total current lia- LMuto ; Oils bilities were $24,332,719. and net working capital at the close of the year was Banka'll . . Wyoming therefore $137,642,339. The balance sheet Roatoa oarien . alno shows that the Item of notes and (Kik Basin ........ loans payable, amounting to $9,465,960 In 1918. was eliminated lit the course of lastU fiuwnrk Oil ' year. Metro Samuel P. Colt, chairman of the Com- Mernlt Petroleum .. pany. In his remarks to stockholders re- Midwest Refining views the developmenta of the year re- Midwest Oil ('ottsolldattd. garding the Increase In authorised pre- Midwest Oil pfd ferred and common stocks to $100,000,000 Northwest and $200,000,000 respectively, and states Okmulgee that the majority of atockholders pa'd Kapslpa , In full for the neW stock on October I. Island Oil the company receiving at that time He said that a considerable Msrylaad amount of hls waa held to liquidate Bg Ledf short time maturing obligations of the Butte-NeYork. company. t'ainmet 4 Jerome ft Outflow of Gold Arouseg Conservative Attitude Among Stock Traders. , 4.. do r A O ua 4 ll Hi 1iv 4a (BAM 4 9.Vi do 5l kTr, 4 4g Illl5 I l rua B A O 1 c, TASK do 4 adj tl C Lino ctmr 4a IU52 find 5 1H do V L 8l do ronv Out of tiMj-f- i coir 4s ll sj, 104 111 78 Ak4. II. ti. A TX 12 11 6,. K. tn accordance w many ahares of each parcel of stock aa be may necceaarjr will be sold at th company's office, 417 Boston building, Balt lake City, on the loth day of April. 192R. at the hour 3 o'clock p. m., to pay del nquent assessments thereon, together with the eoeta of advertising and expense of sale. J. 43. GARD. Secretary. Room 417. Boston building, Balt Lake iwHll city. Uta h. NOTICE TO CONTRACTORS ' 1 170 Giles, G'les, K And hj 420 111 t- - (A ' X is as Y. 670J Giles, K 373 Giles. K 40 I 3767 O les. 376 G les. x 3761 m. 01 77 TTVs) 77 4 I 42 ( K K K K e... G'les. K ar, (UI, SAI so - 3750 Giles, 3761 Giles. 3753 (Plea, S7$3 G lee, .... J7!( Giles, K 1766 Giles. V. 1766 Giles, K -- j 2H 2SI 111 041 ' 20 At 0 I , , J L Government Bond. a 22 K SfM McGlllla R L. JMI McGlllla 8. L. 37(1 G les, K. 37(t Gtee, K. 37(3 Giles. F. B76 (Plea. K. 37(6 Giles, K 37(6 Giles, K 37(7 Giles. K 87(6 (idea. K 37(9 Giles. K ts 12 A A Kana 69 Nt i A! at ast so 47, atv,! 66 1 aT IM I 12 22 A 22 '6 Siurlatr Oil Hr Souther .. Wouhe-- a hallway HiudrbjXer Cory .... Texaa (a Tubarc Prmturta .., I nine Pacific tatted Cigar Store t S lad Alreftei ... I g Mleel da preferred Itah fopp r I It rood Product , vreattnrhouae Elec . VVIMya Overlap! .. , Sale, la hundred. Co ) A I IMS 12 b Utah Banka and Industrial. a 720 ' 3(1! 3(12 Tultla. H. B 3(16 Jacobs, K. W., Re. 3(16 Jacobs. K. W.. 8r. 3(36 Nicholas, Geo. ... M'a av 27Sl4S Ml 77 7S. 77 ,,. Nerada Capper j V Central N a a H.rWord.i N), .Norfolk a W eaters ...I SOTS 74 N I, hi A, 121 n 2M ,27 7 uUAi 6H I 161 a' - .....J, Hr Lea, S I .... C'xppcr PctrvU-ai- V ...... 30.16 30(1 3067 axtki at Ml a i as i as 4M uolk,lualk,lu4tk I caeca! rwtrta. tOrucral Uulara I lit horlhrrm. ,f4 .1 Ora vita .1 tlllaaia C'ralral L luapiratloa I apper ....I at tier Uariuc, lalcrnaflal Nnhcl ,,i laicraartnaal Paper, .1! ! It C Houthcrx Sukoal M aSi 2i I,..; Krl Mlaaoul Pacific Mnaraaa SB aasi Mai Hkl as i . C Ilraicaa Ulaal Copper Midrale steel 121 1S M Pretucf Crwlbtr aiccl .... 4 b uaa Sasar hriHrvlt as 121 Geo ..... ;0 1027 J0?S Ms I4t S11 Mai ' a Pa- -I :vr, 2626 1W 1 Si t optirr 2716 ! e !, 4u4M2 OUi :s.to i, l I i thi. it i a ricp,al. ... 1(90 2.X6 Sat Ms,, 01 172 ilm iltP 2 . 2t(0 I ! M lv,i 2 Ut, !2MI I ,141 AN SIN ae I X. I ilf A W I Leather 187 11 la l , 4 trstral 17." 11 I 6 162 141 41, ... t 1 I 84 6411,114 haiitmorr 111 I It I ,, mu life twrfr kff ... -' Jeffs. Izvrenao htenaeher. tv. H. . (ole. II. B Monger, W, H, ... Nlrholra, jra Nlchvlen. Ronald Ramueleon, August Bean. Ilia K l.lnden. Qua . ... Hendrick. Isvwell . Kcrlven. Fred I 'em ft Thomaa .. Child. W. If tv. roiid. ji Cole A Co.. H. B. . Hmllh. B. L. King. L. Jnhnaon, J. C. Johnson, J. C. ... Johnson, J. C Johnson, J. C. Nicholes. Ooo. .26,000 Kendrick. Yamasaki, T. Z, .. Tuttle. 8 B lftSI 1777 240 ll I ,1,. Name. Nicholas, Geo 67 Nicholes. Mw 1 J 102 47 j 47 lh IS text. Ml V, I42t ir A f4ry HAL. Itpfd.. 4 lae Ilia I I snare-holder- fort. TIME 8t v- Think Theyd be I'OUT of bualne.a, delinquent upon th follow. Ing described stock on account of sancea nvnt No 16, levied on th Mb d.y of March, 1920, tit. aexaral amouma -i opposlte th name of th respect lv aa follows: 10 177 New York Bond. high-grad- Gold Cheapest Commodity. t . Though gold Is the cheapest commodity in the market, atnee It Is valued at the same fixed rate as before the war, money, or credit. like all other things. Is now In , commanding an unusually high price. the Improvement of the absorptive power of the Investment market manifested In the last fortnight there hss been a flurry The average return to of new offerings. the Investor was at least 7 per cent. The cost to the borrower wa significantly .higher, particularly since the charge for underwriting has doubled. A borrowing corporation, particularly If it happens to be a railroad whose unrestricted earnings sre limited to about a per cent under the act, now has to think twice before offering new securities. It must determine whether the accommodation is worth the coat. The high level of interest rates la universal. A British In- dustrial corporation recently offered I erence shares at a price to yield 10 per cent. The destruction of capital during the war and the present scramble for what is available have set the law of supply and demand to work. New York Tribune. Ai Bt Aarirai - e Eaw Import! Increase. In tha flats! year which will end with next June, American manufacturers twill have about doubled the amount of raw materials imported- - In the preceding twelve months. In addition, their exports 1 Comes CoSMl rriurlpal plac. I tah. f Hr. Th.r am Now York Stock List. Bonds did not share the strength of hunkers Parifir the stork market, that division suffer- Ol.l It lea Pacific Hall ing further impairment front the is- and aia Petrolraai Pas! of weakness irtory Liberty sues, as well as lower tendencies forT--j rails. Total sale, (oar value) aggreOld United States tiwit.'!!..! $13,375,000. gated a., on cull nod Heading two rose three-eigbtHep Ho A Bird Panama threes declined one point on Hoyal INilch call, others unchanged. Shatter Aria Cap. ewn-m'asi- on ft ! notice. delinquent Labi Ttntic r Mining Camp, ny, SEE1N THINGS! N Doww 21 169 Traders nnd professional interests almost ( a whole seemed disposed to pay less attention to tha rail atrika today, basing their more confident attitude oa the belief that the strike it waatng. The stock market waa strong only in spots, However, food ehares, eeeondary steels, equipments, shippings and tun cellaneous specialties making variable gains, while industrial leaders were Ir regular and occasionally heavy. . Conditions ia the money market were not materially altered, call loitns opening at aeven per rent and advancing to twelve on the usual belated demand ia tha flaa) dealings. Time funds were increasingly scarce, bat local and in terior banks wero reported ae buyer of merchants' paper. Foreign exchange rallied from its de to pression, due chiefly, it was believed,nnd reduced offerings. British, French Italian bill made up psrt of yesterdays reversal, tut tbe Gcrtpna .mark broke sharply. to. the. gold , Fresh interest attached export movement by reason of further eitensivn engagements of tbe metal for shipment to Bouth America. Bankers declared that exports are founded solely on the fact that exchange at Buenos Aires continues at the gold import point. Htocks were at their best ia the last hour, when oils of the Texas and Mexican group were run up suddenly at the expense of the shorts. Shippings and minor industrials also participated in the advance, a firm to strong ton were Bale prevailing at the eloee. NEW YORK. April 11 Considered Recognition o Present Era of Increased Interest Rates. ft (5LOW AVERY Food Shares, Steels, Equipments and Miscellaneous Specialties Make Variable Gains; Foreign Exchange Makes Rally. Permissible. ft GASOLINE ALLEY SPOTTEDAND IRREGULAR: IS Utilities MOHNIXO, A PHIL 14, 1020. Abundant health Is assured when there the veins. Hood a Sarsa- t the medjrtne to make good panlla ' d. Begin taking It now. It la Just la good blood In petit, steadies the nerves. (Adv.y SEE FOR YOURSELF Automatic Controller & Manufacturing Co. MAIN OFFICE OGDEN, UTAH Ntw-hou- ln. 1 kti.l It you are unacquainted wiia tn of Tribune VVn Ada, tr the eed ee what thev will JJo for text se ' |