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Show THE SALT LAKE TK1EUJSE, SUNDAE J1UILMJSU, 8 SHORT' INTERESTS CONTROL F WEEK-END- : . . d CLOSING HOURS Wednesday, 8 p. m.; Thursday, 8 p. m.; Friday, 9 p. m. MUSIC Wednesday, 3 to 6 p. m.; Thursday, 4 to 7 prm.; Friday, 4 to 8 p. m. dk General List Is Subjected to Heavy Selling and Formation of Banking Cor Price Declines Range From Two to " : Six and a Half Points. poration Will Encourage . Intermountain States Wil Benefit Directly and In .directly, It Is Relieved The news of the past week lias brought redevelopment which cannot but give newed courage to the financial, agricultural and busineee ltiteresta which center their activities In Salt Lake. These developments Include ambng the moat ln the formation 5T the foreign portant hanking corporation with a capital of 1100,000,000 at the Chicago meeting.This corporation will devots Its ener- fries to the financing of exports of American agricultural products and other goods. The importance of the export markets to the future prosperity of the country cannot be too stronglv emphasized, for the United States, largely ha a result of demand for production, the has reached the point where It has In many lines. surplus i It is most Important that a market be found for this surplus If American business is to prosper, and the foreign banking corporation Is the most significant for step taken towards making It possible foreign governments and firms to buy American roods that has been taken since the armistice. - war-creat- NEW YORK NEW YORK. Dec. IS. Heavy selling of the general list at extreme recessions of 2 to 614 points attended the week-en- d Shorts session of the stock exchange. were in control. Oils, shippings, food shares and sunof weakdry specialties were feature ness, notably Mexican Petroleum, Koyal Atlantic Gulf, Houston Oil, Dutch, American International and American Beet Sugar, Selling finally extended to the steers, equipments and dividend paying rails, Geneiat Asphalt, a new feature of the market, also gave way to pressure. Of the representative Industrials L'nlted losStates Steel held relatively steady, Cruing only the smallest fraction and cible Steel closed at a nominal gam. Sales 600,000 6 VJZV. MARKET SESSION . Export of Farm Products. rJ, .UF.LF.-Uiiti- U STOCK muons LIT. shares For the first time since the middle ot house statement October the clearing showed an Increase in loans and discounts. The expansion of 3116,676,000, doubtless was caused by the weeks heavy payments of federal staxes. Other dechanges were trivial, creasing by slightly over $3,000,000. The bond market was active and Irregular, although several of the Liberty group closed at moderate advances. Convertible railway bonds eased as a result of the break m transportation stocks. Total sales, par value, aggregated $9, 276,000, Old United States bonds were un changed on call this week. actual-reserve- V G Prices Will Improve. Utah and the intermountain country will without doubt benefit both directly and Indirectly from the formation of this or-in ganization, for with outside Interests a position to acquire American good, thi prices for such commodities as wool, wheat, sugar and other things produced In the west are certain to,, stiffen when the actual foreign buying can begin. The wheat market for the past week hawdem-onstrate- d already this fact, as therad-In- g in the Chicago pit has shown. Again there are the steps being taker tocommittees looking by congressional wards the protection of American agricultural Interests through tariff legislation. Some concrete enactment is certain to be made within a very brief time now and with it will come material benefits. Legislation May Help. Even though legislation is not a panacea for economic conditions, the very fact that the authorities at Washington are solicitous for the future of Industry, particularly the stock growers and wheat growers In the west, what congress does will give strength to the position of those interests which need It most. Here, too, business hss felt the beneficent effects of the sugar money paid during the week and Individuals firms and banks are cleaning up their debts to start the new year with clean slates. Farmer of the state have been fortunate in the open character of the fall and were enabled to get more than the usual amount of fall plowing done, which augurs well for next year's crops. Then, too, the state already has an excess of moisture for the year of 6.64 Inchee, or about 30 per cent, and much of this moisture la now in the mountain snows and will he ready and available for Irrigation next year, a factor of much Importance for the future. CHICAGO. Dm. 18. It was a cboppy fernln market today, bttfla experiencing difficulty la maintaining values. Tlicro were wave of advance and declines of aomo variance a ad n lata reaction made wheat rloee irregular, with prlcea 1c lower to higher, March flaiahing at to $1.68 to $1.68 and May $1 68 $1 63 to Cora waa c lower to higher; ogta c to were up c, and provisions wort 20c to 40c down. While export demand for wheat waa iot In evidence, the market showed a very firm dertona the greater part of the day and aver aged higher. There waa aome telling here tad at Winnipeg, attributed to forelga account, and also hedging against purchases of rash grata on the market of the southwest, but there waa no pressure of cash grain and premiums were fairly well maintained. Coarse grains showed Independent strength and advanced readily with active buying by strong commission houses, part of which was attributed to taking profits ou previous sales. Sentiment was much less bearish than of late. Trade la oata waa featured by heavy buying of Mav. Provisions twero affected by reporta that foreigner were cancelling purchases and ranged lower. BANG! OP THE LEADING FUTURES.' lc COPPER. BONOS OFFERER. A bond offering of more than usual local interest is that announced yesterday of $8,000,0004 In convertible sinking fund gold bonds of the Cerro de Pasco Copper corporation of Peru. The McCune and other Utah mining people are identified with the company and were active In Its organization in 1916. The bonds are being handled locally by James A. Hogle & Co. and the Salt Lake office of the National City company ot New York, one of the underwriter. They ar convertible until maturity Into stock at the rate of thirty shares per $iuwi bond. The issue Is the sole funded debt of the company and the proceeds are to bd used for the construction of a new Smelter In Peru. The bonds are offered to yield t per cent. ten-ye- MENS SUITS AND OVERCOATS BOYS SUITS AND OVERCOATS Kqvabnnf Reduced 1 Reduced Special 98c Special $1.98 Reduced k Reduced, k .' BOYSWAISTS BOYS KNEE PANTS TOILET ARTICLES SHIRTS, MENS and BOYS ; Our Wonderful NECKWEAR PAJAMAS and NIGHT ROBES . . . . V MENS UNDERWEAR and HOSIERY Sales in hundreds. UTAH BANKS AND INDUSTRIALS. (A. Reported by 1. A. Ho la A Co.) BANK STOCKS. BUI. Bankart Trust Columbia Trust Dwret National First National of Ogd.a HcCornlrk A Co Patent Bavins Natl Bank of Republic Natl City Bank Natl Copper Sveurity State Bank Utah State National Utah Ravin A Truat Walkar Broa. Banker Klon 'a Ravings A Truat Asked. 260.00 Reduced ...Reduced Reduced Reduced ..... .Reduced UMBRELLAS BAGGAGE and TRUNKS 100.00 .... .Reduced Reduced k JEWELRY, Mens Department BATH ROBES and HOUSE COATS SWEATERS . $160.00 lttt.OOf 286.001 M.00 103.00 Reduced Reduced Reduced Reduced 15 GLOVES, Mens Department SUSPENDERS HANDKERCHIEFS STETSON HATS, and All Other Hats and Caps .Reduced None. .... Barley, 79$ttc. Timothy seed. $6.60428 60. Clover seed. 115.00420 00. Pork, nominal. Lard, $18 07. Bibs, $10.76012 00. STANDARD OIL STOCKS. J. A. Hogle ft Co.) o j 1 r. . .Reduced Excepting HARTMANN TRUNKS Ha 1920. IhtHoma (4 tap-nj- lu 20 20 20 20 (Aa Reported by CHRISTMAS SHOPPING AT REDUCED PRICES ar L C. M. 1. Mens Shop Where the $ Goes Farthest. OUR DRUG STORE IS AT 4 SOUTH MAIN 8T. 112-11- RE8E RVE BANK I.. STATEMENT. the tw.lv. TVASHINOTOg. oaiTM liabilities FOR SALE .ut 18. Combined TV of federal banka at tha rloaa of buataeaa y rater-itaaa announced today by the federal board, follow. ' IlKBOURCES. Cold and (old certiflcile. $ 211,497 000 Gold aetllwment fund federal ye- - , board ar $.13.880 000 Cold with forelca standee 7,746,000 mom SAWDUST Three carloads; also tools. Address Box 1255, Salt Lake City. ice-cutti- frhmm. le lc Idaho Rates Reduced. Freight rate decreases In hay and other farm products were granted to Idaho for eastbound, and this will enshipment able the growers of that state to get their stuff to Although they will be ' compelledmarket to sell at prices much lower tlian in 1919, the change In rates will make possible a very much greater liquidation in the northern state. Money Is no easier than It hss been and until a generally more stable basis is reached, as a result of the present move ments In prices, no relaxation of present rates can be reasonably anticipated. But the attainment of the sounder business feeling is not far diatant, and Is us certain to come before long as the ultimate destiny of the slate is certain. ' ESS Tatal fold held by baoka 013 100 000 with federal reaerva a.ata. J,2u rjj ono redemption fund 161.646.000 Oekl Cold ng amm Will trade either, of two good, new industrial stocks for good used car. Call Hyland .2675. WE MAK5 A SPECIALTY REPAIRING OF Frozen Radiators Regardleaa of Thalr Condition Cnarantaed to wean better than ntw and with a flnlah Ilk nsw. Utah Auto Radiator REPAIR CO. r. N. LOSER Sit Edison St. Waa. 7317 CLEARING HOUSE SANKS. Total fold reaervea ...$2,064,388,000 Bills dlacountod, aerurwd hy OT- rnmeot war obllfttloaa . . ... 1 111974 0O0 All other . 1,437 776 that BlUi bought Inrapre market.. . .. 2S4.OUO.OUO NEW TORE; Dec. 18. TK actual rendition Total bllla oa head $2 931 338 000 of clearing boose banka and trust companies 8t a tea (owramvet bond... 23triO(kO for the week shows that they hold $8 222 200 tutted I nltad Btatee Vlctorr notea 8 OuO reserve la sterns of legsl requirements This fritad Btatre certlflratee of la ts a decrrasv of $8 026.710 from last eVr Jebtedneaa SS 636 000 The statement folio a ACTUAL CONDITION. Total aaralaf aaaata Loans, discounts, stc $8,802,801 000 Bank premiere Increase 116,678,000 lerollerted It.aia aad other Cash la own vaults: from rmae depnalta... Members federal reserve bask..,. 93.16 ono Flea per cent redemption fund Decrease 4,174,000 f art loot federal nwm bank Reserve In federal reserve beak of bole 12 630.000 weeaber benki 821.846 000 All other (veourra 3.430 000 Decrease .... 2.849.000 Reserve la own vaults! Total rewourere ..30.387.243 000 0 841 800 Stats benka and truat companies. LIABILITIES. Increase .... 874.000 Capital paid In Reserve ta depositaries! 184 746 OnO 10 202 000 lorplne grate banka aod trust compaatep 63 ITS ion Increase ... 842 hno Government drpoelie reaerva Poe to membera 1.T8H 828.000 aeeoqnt. Vet demand deposits 4.026 970 ono Iiefevred Iteme 1 acres s 614.188.000 availability 12 4M la actual Time deposit 242 220 ono Federal reaerva aote. ri real. tine 3 844.312, Ono Decrease . ... 8418 000 bank aote. de rlr- Circulation 14 9hS ota Federal rewrve et eul.tlne-n217 434.000 liability Decrease 84 0O0 H oiled States deposit USMl.oia) deducted 168 004 Oitf All other llabllltlra , 641.101 Ono Aggregate reserve Tol8l ll.bllltlea 38.387 286.000 Excess reserve 8 222 2n0 to art depn.lt tad Batlo of total rea-rv- e. 8,028.710 Summary of state banks sad trust romps ales Marti rvterra note liabtllttea eoai bleed. 46 f net, In Gres tar New York nut ftacladed In coring parBatlo rf fold reaervea to federal waerva bouse autemeat: aotea la rlreulatloa .after aettlnf tilde 13 per Loan, dlacounla, ate .$ 602.Thh.in0 rent tfalnat aat dapoalt liabllltlaa, 60.6 per 1 04 900 Decrease . Gold .... a . s 7,904 400 tent. Ms . 1 terras ie .... 104 20 COTTON MARKET. 18.6M Currency and bask notes. .....l, 4i0 . NBW YORK, lire, 18 Increase 36.300 Cotton futuraa epened with fetbral reserve bank 16 2V; lhHveker Deposit 16 tteady, January New York ...... , 08 466 000 llanb 16 2r; May 16 80r; July 16 17e 3j, ItH'fcflse ... I 645 900 loiton future rloaed barely ataadv'i Peeem-he- r 16 I3r, J.nnarv 13 16r iO Total dcfvialti 808 If Marrk 16.16c: Ihcrcsse ... .... 8,400.216) U.v IS 23c; Jalr IS IkV I Do1 klimitwitliif amounts One from otlntt, epnt. rnlel; fnlddllnf, 16.08. totton clfeed barely ateady at a deettaa of dcNMirarles a ad other r'.rvs 10 la 2 banks and trust romps alee la polula. It jr Nsw York and tailed Plate d4pnalti 88ft 61ft 800 KANIAI CITY PRODUCE. Itecreasa ... 9 811 86) KAN8A8 aaa, c Mo, pwe 77.091 tM) flask, ('ash Id vault Irv wer, flcato, 6m-- aevada, 91e. 52 949,216) Inal rompaiJP', I aah vault.. Huttev aad poultry, anebanaed. ............ nrr. ' J Making Iron Foundation for Form of Holly Mill Machinery BeFrom Volcanic Sand ValInstalled Rapidly. ing ued as War Emergency. of Method no effort la being made to extract ore from other portion of the mine any and development work only Ig being etralght done. The three ehlfte of miners at the Eureka Holly mine wereemployed cut down to one shift last week, it being found that the men could not be worked to advantage. One hlft was added again later and now aome twenty odd men are work-i- n In the two shifts. The work of putting In the Concrete foundation for the mill machinery Is now going on. as the mill building Is enclosed and this work can proceed notwlthutand-Inthe stormy weather. g EVAFORATtD '0RK' Iiun IDRS. FECIAUT AN0 MEN FOR W0M" kl '49 Main St. -- Lk'' Advice free, c8b or write. Specialists In , jr ' - I iV' - Ir r i1410- 0- "d ail Speolal Catarrhal Dleoroer7 Beak. Loai Selfhood, Heart, Stomach, Kidney, Skin, Rheumatism and all chrenlt diseases. Hours 1 to 8. 7 te St Sun. 10 te 12. FRUIT. gvanorated SHORES r& , SHORES annlea. tx method a hereby Iron may be amelt-e- d from volcanic. Iron oxide sand, hereto fore recarded as wholly refractory, has been reported by scientific experimenters working for the war' department, aaya a report from Toklo. While the discovery cannot be employed aa yet commercially, the coat of the iron ao obtained being too high to compete with iron smelted from ore. the value of the process to la said Japnn from a military ntanripomt to he great. Inasmuch aa It piacea this so an In position Independent country far as Ita supply of sirel for military and naval uea ta concerned. counJapan, like every otherof volcanic iron oxide. A try, is rich In depoalts war office aas: movestatement of the 'The recurrent ments In different parts of the Chinese republic, that have beenatpronounced alnce Faria, the peace conference of the Japanese government every effort aome means to Inof for the discovery sure a steel supply adequate for domestic consumption In anticipation of a possible future suspension of Iron Imports. The of a year have now Wen experiment success. They crowned with tolerable have ao far hern made chiefly with the military necessity In view and also with the object of meklng UP tbs listing shortest in the Iron furpllea. The process discovered, therefore, dose not neceesitr-ll- y Ineure economic advantages, while the success le limited to that stage of producing Iron sand blocks which may with b blended with 4 he ordinary advents In froduclng gteel." A -- pig-Iro- n r EUREKA, Nev Dec. 1$. Shipments of ore are being made steadily from the s mine at the rate of approximately four cars per week. The prospect In the raise along the contact of the shale and limestone In the Atlas claim are better than laat week, the de- CapitoB Eurekt-CroeBu- velopments of the pari few days showing that there la a much larger area of unexplored ground In thla vicinity than to be. there wna The old workings on the Alla claim never reached thi Krllon of the ground, a drift that was run along the contact not finding or at that time and the expected stuping of the ore body here did not materialize Bo many of tho old workings ar caved, that It la Impoealble louturiey them now, and consequently there la no other method of learning where they were than by discovering them In ' the course of regular Good shipping mamine development. terial I being extracted dally from thla rales and It la probable that connection with former working will be made the coming week, ao Ihnt the circulation of air wld be satisfactory to the miners. There In a good body of or In No. 7 winze, that la an from tha nm III l.odv that the winze followed A from the drift la now being run umlcrneith II. The north drift from No 8 winze is In or and a drift west from . the ahot Into shipping or yesterday. Aa the ahale raise, and the fins showing In No. raise, are furnishing all the ore L can lie hauh-to the railway by team 0 WEST 10 POUNDS SUGAR WITH Strictly Fresh First Grade tl-C- low-gra- same-winz- tljt Full Cream Cheese, per Ih 10 large bare pari' Whit Naptha Boap $ Iba. Jap Rios Two 10c tana Black Pepper. H-- a. h, -- 4 . . PURCHASES 85c Nu. JOc 10-l- Tie .... !io can Criaco new stock, . .,$1 so pkgs. new stock Kalsina 66c can Armour' Vegetol Com- pound Lard Armour! Pur Whit Lard, lb.!!2S fikgk. Queen' Tari Macaroni or Spaghetti pkg. new atock 2 for 8S Currant,....., Whit , 10 bar Crystal 70o Soap can Criaco got lb. can M. J. B. Coffee $2 30 ran Folgrr' Golden Gate Coffee 70 80c can Instant Poaturn..",.....17 , 40 Morgan Extra Hlftrd Peaa, can.,.Jc 8 lb. Lunata Coffee fo3 Maid o' Clover Butter gg- I pkg. Aunt Jemima P, C. Flour pOo 3 .......... OF OTHER Butter euri-one- al-- rocery SECOND SOUTH I 10 box X. B. C. Crackers.. $1.23 the. Gala. nw atock b"t California Lima Means goe 36c bag Halt Krn Kyrup...,V. ,lkV'l,l,l1 $t. 00 .Lb' V Ugh dHtent Flour, 2 26 1','fcNvF ,ocl bag Germed o. U' Cornmeal. t:' ('raokra 1 So- - , , ,6c .gs, 46o Hull Shelled Ms new Almond - ibe. nsw Mrnall Nuta.'.!!!"ggo New Filbert Nut, Nuta,,.,, aK lb....,.!, Bonder 26o i lhr'h?Cn,1M"? T?"U M'tcaronl or m..aWh"?Mn go- 13 bate Palmolive Hoati, ,,,,,, ago Wedding Mienkfnaf Cofree, lh.."40e cn Park Karo 00 Hi bara p. A u. White Mvrup Napi), .80s 8 Iha. 10-l- 8 COMPARE OUR PRICE pkga. Quren'a Taat WITH 0HERS Noodieaii", " I |
