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Show y . THE SALT LAKE TRIBUNE, SATURDAY M ORNI N E - Sugar Outlook Bright. ' Bond .President of - Palmer and Mortgage Company , I Analyzes Business Outlook Intermountain Region Declared to Be in Unusually Fortunate 1 Position. - Mow the American is reported to be the lowest in the price world. There is a demand from other countries at higher Prices, and naturally,- - it may be expected that the situation will adjust ithslf. Most of the sugar companies have had good profits within the last few years, and even if they should be obliged to take some - looses in the sale of their present scaaona output. In most cases it would merely mean an anticipated reduction In Undivided profits, .With costs adjusted to lower basis, the companies should have reasonable expectations for operating at a profit in the future Among the metals, silver produced In Utah and elsewhere In the United States Is pegged at a price of il sn ounce by the Pittman not, which will probably be effective for at least two or thrse years to come. The copper market depends largely upon the working out of the fi- nancing of export business. The demand t Methods for financfrom abroad exist 'The cheerful forecast the of. following , ing are now being worked but and will business end financial conditions of the eventually be put Into force. A someIntermountain country in the year which what similar condition .exists ofwith lead and sine, but a lowering building . begins to result In an increased today was prepared by.. E. B costs is f I Palmer, president of the Parmer Bond building likely activity, with consequent faa Mortgage 'company. Mr. Palmer not vorable effect on these two metal. only telle in what way the future looks Future Prospects Good. Ibrlght, but makes a comparison with the "Experienced cattlemen and sheepmen year last ended, which Illuminates the have learned to expect fat years and Pal-lu'lean' Mr. year . There have been many as it actually exists.' Tat' years In the pest. Tins first break . says: In this long record has occurred within year. Loasa have been taken j "As we enter Won the year 1321 there the I i more ground for optimism over the and past more may still be in prospect in I commercial and financial outlook than cleaning up the spring wool clip, but I there ha been for several ygere In .te range conditions are good, feed is cheap and another year may show a profit, I since the great war bet an. I A year tigo thla country was in the based on lowered costs. I midst of a fictitious, inflated prosperity. "The foregoing mentions only a few of is products of the J It was an era of reckless extravagance, the principal section. There are cheerful ,w rising prices, inefficiency of labor, In- -l the creasing bank loans and diminishing re- things te be said about most ef serves. Continuation ef the headlong Other lines of industry. pace forecasted disaster. Amcng ths possibilities for tbs future are the development of the virgin oil and iron resource. Active work is Public Sentiment Changes. in progress searching for oil and already "Deflation began early in the year tho development will bo only a of muoh outcry against the matter of a relativelyiron lilt. There-washort time. federal reserve board for its policy of "Many problems still confront u That increasing Interest rates and Insisting on must bs trua. The biggest probthe reduction of loans for speculative lem atalways present is that of our financial purposes, but this firm, wise and pa- relations with foreign countries. These triotic policy Is what saved the situation. our grain, flour, nations wish to The brakes were set gradually. - First, metals, sugar and buy other products. If we speculative hoarding was curtailed. Prices cannot sell for cash, we must give credit In various lines began to recede. Then to thoee whose, credit i This good. the consuming public experienced an al- condition Is receiving intelligent atten most overnight change of heart, and went tion and It looks as If a practical solufrom wildly eytrsvaggnt buying t the tion were reached. Ths organisaother extreme of purchasing little beyond tion of a being under 8100,000,000 absolute necessities. This radical revo-- I the Edge act, fathered corporation the American Tmtort of publlo sentlment Tesulted in a Bankers' association, to by flnanceexportx, I checking of business and dropping of la only one Indication of ths way In I ' prices too 'sudden for comfort. But the which the Seeding 'financial men are and financial fabrics have stood grappling with the situation. People of i- business the strain.-- . There is every reason to be- the Intermountaln hd- - of ths enlieve .that the critical period he been tire United Statesregion must learn ttf buy passed.' wa ars to If sound securities, In contrast with 1920, the year 1921 maintainforeign a market for , our own prodmore a with reaching I priftjs begins ucts; the- - publle - showing an Increasing willingness to buy honest Must Face Situation. roods at honest prices, with ths prospect "Josh Billings once remarked that the that bapk loans wilt be steadily reduced and reserves increased, with labor In- beet place for a boil ts on the other Just how many people would creasing in efficiency and with a normal feller.1 like to put the burden of reducing the condition apparently almost .at hand. high cost of living on the other feller. and are unwilling to stand their ewn Further Adjustments Needed. share. There are tnany loud outcries Some prices still must come, down, and .much rushing to the government for .s of many relief.- - Some of thee demands may be 'btrt tm the- - ethcr important commodities are iess than eur-ee- perfectly proper and 'remedies may' be cost of production. It la inevitable required, but It must-b- e remembered thst for neeeaslUes, must congresses and legislatures cannot repeal that the prices-pa- id time be adjusted to show a profit ovar the ef supply and demand. Walling cost of production not on costa under wUli jw not do so much good as a philoprevious inefficient. Inflated conditions, sophical facing of ths situation, and hard basts. This 'means work. " buton the present soundness in ths sltua-It Is up to the producer, the manu- tjon . facturer and the' merchant to meet "The Infsrmountaln. ftgion Is fortunate changed price conditions 'courageously, to in that It is a producer of staple or. take losses if necessary, but to sell presWhile ent stocks with reasonable promptness, V-tides from natural resouroes. there may be a hesitation in demand and go ahead with new production. Ths ywhlls readjustment is being oompleted, worker must accept his shake of the .although there are , International burden in reduced scales of compensation I.feed problems to. be worked out, the world and must give hi best ana most effiwool, cient , must See grain, sugar, coal, metals, It Is ths part of the hanks meats and other products of this region. to glve-la-ssryloe. ns counsel and intelligent co4 And there, is no reason to doubt that operation to bu sines duty of It, to the In due course we will be selling at a the Individual to live within hi mean amount of sn these save Increasing profit money and deposit his surplus In commodities.- baulks or Invest It In sound, . legitimate "Financial- conditions ars now funda- seouritie which wll promote production, With the aid of the commerce end finance. Above mentally sound. federal reserve system, banks ths coun- cltlsen should squelch the scandal-mong-all, every the tntermountaln who spreads vicious, false rumors and over, including try section, met the situations of last year who delights In preaching pessimism. It and passed the crisis safely. Money for Is a time to build, 'not to tear down: to speculation may not be easily obtainable cooperate with one another, not to Induring the coming year, but there is a jurs. With this spirit prevailing In our supply sufficient for sound business re- International, national and individual requirements, with the prospect for increaslation with our course tempered by ing ease as liquidation progresses. sanity and prudence and impelled by and energy, we are sure to find Investment Market Improving. optimism this a pretty good old world and 1921 year. The outlook- for the Investment mar- a happy, prosperous "In short, it Is time for people to get ket Is' excellent. A rapidly Increasing down to realise that conditions are esrth, number of Individuals are seeing the wisthe soundest In ysars, dom of thrift, of saving, and putting fundamentally their off losses, loss no snsrgydn their money Into bonds and other safe charge Investments. More and mors business mooning, but so to work, and hard work. do will Those who this may look forward -- houses are adopting the conservative polths futurs with a cheerful confidence icy of building up reserves In the form to or sound securities, as a protection to which will be thoroughly justified.their enterprise. More and more banks GOODYEAR PABCE0 DIVIDEND. ere seeing, the unwisdom of loaning all their monev In one line or in one comOhio. Dec. 31 Director of AKRON, munity, and there Is an Increasing pur- the Goodyear Tire 4k Rubber company chasing by banks ef good bonds to build today passed ths quarterly dividend of Thus there Is a 1 per cent on preferred stock, dua Januup secondary reserve steady, wholesome demand from many ary l. v quartere. "Until refmhnclng plans srs completed "Analysing the business and financial and the present Impairment of the comsituation In the Intermountaln region, capital has been restored! th we find much cause for optimism. This, pany's pompany would have no legal right to In the main, is a- region producing pay this dividend, even though it had from great natural resources. funds to do so," says a letter at "Coal mining companies have had a sentpresent te preferred stockholders. fins year. Utah coat is penetrating In stockholders, in ah adjourned Goodyear growing amounts to the seaboard and session this afternoon, amended the 's into the world markets. code of regulations te increase the "Orsln Is now moving out steadily. The number of director from seven to eleven; price ds disapoplntlng to those who ex- change the fiscal year of the company but the 'crop ha been to coincide with pected $ r,- - and abundant, and, despite prices being low-- setting th date ef the annual stockholder than many farmers anticipated. It Is ers' meetings for th first Monday in bringing a targe amount of money Into March. this part of the country. Fruit, potatoes ' r and other crops have been, or are being. EWI FT MARKET. PACE. marketed and a larg crop ef tourer beets NEW TORK, Dec. II. The year 1920 has been sold at high prices. The farm- -' a swift pace for activity and breadth ing community, as a whole,' has Pot set fared eo bedly, and, with the prospect of dealings on th New York stock exfor as adequate labor supply at reason- change. which continued to hold first able wages this year, the outlook for tho place as ths worlds most available market for the purchase and Sal of securfarmers Is full of promise. "At present the sugar manufacturing ities. . Transactions In. stocks approximated are carrying unusually heavy '221,000,000 companies stocks of unsold sugar. Close shares, against 910,000,000 students of shares li 1919, when the war boom wws at Its height, And about 143,000,000 shares In 1919. n, , Dealings in bondsr'of which , United States Liberty bonds and Victory notes formed th largest percentage, aggregated 91.919,000,000 (par value), against lXm 93.902,000,000 in 1919 and 92,047,900,000 in 1919. Thee totals srs exclusive of the business transacted by the consolidated exchange and the curb" er outside market. Nor do they embrace the enormous direct sales by bank banking houses and trust rS companies. , 11 I l ths sugar situation are not" inclined to be pessimistic, Btntletles show that there Is a, shortage of sugar in the world below normal consumption. Aa a part of the unhealthy financial and commercial conditions ' of last year, the price of sugar in America Was put up, through speculation and otherwise. Until it was the highest In- the world. This attracted sugar from many other countries. er inter-mounU- s -- stblebi0wtth - -- 'hand-'pefe- nt n -- - er - ata--pi- es com-pony- ' f im - GERMAN ' Francis c.luKe Cefiefal Manager flfto.oms-.Contintnia- t Dept. Sank i ALTt'art City.Utam te IDES. SHORES & SHORES opeciaust for MCN AND j WOMEN 240 Mein 01 W , Balt Lak Advlc fro ,jk Caller writ. jl I Speelalletu In V ,111000 "k SIMM Hour -- 10 A ? i Rune TRADE GROWS, 31. American d Washington, with Germany continue to trad th monthly statement of the Improve, department of commerce today showing exports last month of 956,061,009, as compared with 923.044.143 in th month a year ago, and Im ports from Germany ef 7,567,6F8, as compared with 93,112,331 in November, 1919. Beth .export and Imports gensrally showed a railing off last month as comthoee with ef the correspond! ng pared month a year ago, but there were In exports to South and Central A meric Mexico, Cuba, Spain and the sa well as Gramany. Netherland Exports to Japan dropped from In November, 1619, to t9.021.UO3 lest month, while Imports from Japan felt front 481,048,147 a year ego, to (16,(73,133 Fxpurt fo Franc test month wrto an dgnlnet 972,496.499 In Novem5 ber, 1919. Iniimrt dropped from $19, a year ago to nil. 714 M. American ef took 928,998.173 only Italy goods last month, ns compared with while Import from that country fell from 110,978 rr to ,n,45:, Th Netherlands fought good valued . an all pedal uiHkMli Cltirrhii Olsordtr sn MUlhood, Heart, Stomauh. Kidney, Akin, Rheumatics end ail ehronl -- POP It to n. 611,-46- A at 233.947.603,whrfe 11 y W. Dec. 9t. Freeh strength Aaxot-pe- d CHICAGO, Is the wheat market today owing largely to eigee- 4 --fwptber tmpruveaieot 4a demmMe rentFidcea cloaed firm, like In 2 We ing demand. net higher, with March 41.48k I 91.69 sad May 91.030 to 1.03. Cora flaisM 6S set lower te advene; onto 144c oft te VtfeH gala, end preetetoas varying from Bo deeUaa to .a ftra of 60. Baying credited to eastern mill was a feature of the late trading la wheat had served to emphasise a generally accepted opinion that the etcrira of all flour buyers are kwr and that active competition between millers and exporters area la prospect. In. this connection it was pointed nut,. that facilities far the movement of Canadian wheat all rail for export are limited, and (hat European Inquiry for wheat by way at the gulf of Mexico baa been of unprecedented volume for a holiday railing off In receipts northwest moated, to no a bullish factor tud.ao. likewise, did a statement from the Chicago federal reserve bank that there bad beea lessening ef the credit stringency In tbfl middle west. Cora was relatively wrak aa a resalf of month-en- d liquidation. Oats wars dull and followed core, Parkers' buying rallied the provision market from declines dua to lower quotations on bogs, RANCH or TBB LEADING tVX DBKE.1 bow. Open. High. -- v P'- - P P aT" RAILS AND INDUSTRIAL.'-(A- s A. Hopl te Co.) reported by J.- - 70.09 ; up, .83. , Twenty Industrial rail 76.(4; Twenty up .04. Dun 4k Co. report 9931 commercial fail ures in United States during 1920, against 6451 In 1919, representing increase in liabilities of tl74.ISt.OO0. Net earnings New York federal reserve bank for year reached new high record of 951,600,000, equal to 210 per cent Vulcan Detlnnlng preferred- - dividends . , deferred. United States Steel common stockholder at closing of books December, dividends were 995,776. This is a new high record, a gain of 4924, of over 9 per cent over previous high record of $90,952 ISached September 1. p P ,P RATE ORDER DROPPED.. ' KANSAS CITY, Dec. St A permanent Injunction was granted In theUnlt-e- d State district court here today restraining the secretary of agriculture from enforcing hla order restoring the commission rate for handling livestock. ' Judge Arba 8. Vart Vlaken-berg- h characterised the action of Secretary Meredith aa an arbitrary execu the order." Commission men increased rates for handling rattle last July approximately M per cent over th rat fixed by the war. The f:ovmment during the ordered a return to e th rate on August 19. Livestock men here and at other principal markets applied for restraining order The declmon of Judge Van viakenbergh today mad permanent a temporary injunction granted In federal court her August 27. Disposition ef approximately 1148.000, the difference In the two rate impounded by an order of the court pending hearing on the application for a permanent Injunction, will not be made until the decides whether to appeal. government - The eeurt held th order of Secretary Meredith was void because it did not contain sufficient facts and gave no chance for hearing. P c NEW EDGE BANK. of WASHINGTON, Deo. II. Approval the articles of association of the ' Federal International Banking pompany of New Orleans was announced today by the federal rreerBb-boar- d. The corporation has capital of 97,000,000 and Is organised under the provisions of the Edg sot for the purpose of financing foreign trade. The new company, which is ths second Edg6 act corporation approved by the beard, was formed to finance shipments of cotton and tobacco from th south to foreign countries, but it ts expected that the corporation will devote Itself principally to ootton with ths view of relieving the situation facing ths grower Pending th lesu of a final permit th beard said the corporation had authority to exercise only those powers which are Incidental and, preliminary to its organisation. ..--. Wheat-March -- ., ... ('em . ... Slay ... July 01 May , ... July , ... . May Bork l'eaS. . Ji.Leri Jan. . May , Kibe . Ja war-tim- e- war-tim- May., CASH QUOTATIONS. No. 1 mind. 41.81. No, 4, Billed, 06G647'7( , ' Wheat Ohm 49b 70c. N Oat 46H4tc. Rye No. 3 whit 4748c; $L70t.6. 77 to 80c. 'kibe, 0 Xa. . ye'VoW' f whit . " Barley, Timothy aeed, $S 80G6 50- dovor aeed. 1 16.000 20. 00. somtaaL- Par Urd. ; . 419.96. ' - 0X0.1601X00. mr Yoaz (As Reported by usteo J. stocks. A. Bogle A Co) - DUXS WEEKLY BEYIFW. awirrewt - A report. Upward ' Movement in Quo tations Marks End' of the Year on Wall - Street. By ALEXANDER DANA NOYES. NEW YORK. Dec. 1. iftsr all ef Wall street's, despondency of the past half dosen week - which have very lately bebrought 'the financial community to was lieve that no reoovery In prices probable either In December or in January, the year ended today, on th stock exchange with a vigorous advance. The day's upward movement, which. In a1 large to 6 from part of tb market, ranged brought th more active stocks point cent 6 to a level averaging more than per above the low price of the week. Even JHrinlde the stock exchange th grain mu-"be- ta also ended th year with a rapid recovery. There was no change whatever In the reyear-en- d day's money market; th which so muoh wan beard quirement'or cftwo a month ago might have been nonexistent so far aa rate for demand loans or discounts were ooncemed. Th weekly statemkmtof the associated bank which was axAjn published ahead of time because of, the urday holiday, showed tn urplu decrease of .919. ueunl change nerves This le vvOak with lt for a year-en- d gtUmnt an a matter of credit requirement; but, fact, even this d screen was not occasioned by larg o&panaton of credit Tn loan aocount expanded only 98.400,000; it waa a reduction of $17,200,000 In roierv credit at the New York federal reserve bank which out down the lurplus, and that reduction, along with the very striking eut of 916.200,000 in outstanding circulation, brought the re nerve ratior of the bank to tira highest figure elnoe November. The fact that the New York reserve to liabilities batik's ratio of cash holdings ha this week, for the first time In 1920, risen above the percentage of the name week in 1919, le both interesting end sigUnder existing circumstance, nificant. the flrot few weeks or months of 1921 should he marked by further strengthen' tng of its reserve Position Instead of the rapid weakening which occasioned an actual deficit In the New York bank re-n-o rv only seven wekg after the beginYork Aasoclated ning of 1919. The New bank, which were- - confronted with deficit In the mddl of lost January and last March, also will unquestionably have a different story to tell In 1921. What will be watched with even more particular Interest. ax a sign of the times and a reflection of the changed conditions pine the incubus of. a year ago wa shaken from the credit system, will be the oft, movement during the coming week In the federal reserve note circulation. The recovery on th stock eschangs be. gaa with the opentng ef business, and. except for an Irregularly distributed reaction at the last, continued throughout the day. It converged principally en th Industrial shares. In which there were evidence both of large buying bock of stoek by recent speculative sellers snd of repurchase", some of them hurried and Impulsive, by ths numerous recent "sellers to establish losses." We Jiave at all events heard the last of that extremely abnormal Influence on values." except tn so far a further purchases for replacement of capital may conceivably be mad hereafter. All things considered, th character of today's market. following the distinct and favorable reversal ef form in the two preceding days. Is an tndlcatlqn of possible Importance for the Immediate financial futuro. No ' ons who has fully measured the forces at work on ths Investment market during the last weeks of 1920 entertains any doubt that the purely psychological Influence of vague terror has played the larger part, and thst this Influence could not be removed exoept by a change, how. ever brief, in th aspect of th market Itself. It was both proof of thee facts and Intention to realise on market conditions that soma change in todays markets should take place. NORTH (ALT ReDmv. 41 Ctttl ceipts, 160. Market ttrady. 600 demand, ftiok steer; t.668.nr good storra, 90960 7.96; fair tear. 64 0606.90; ebot terra end hoary hot fora, M W0I 65;- - fair to good q hr for. 94.08506; cattor. 12 0683.06; ransom. 12,06 2 65, fnt bull. 43.36to4.06, bob' gno bull. ; light raol trivet. 18.66 nn 4(9.66. Hog Receipt, son. Mtrket 26 Good demand; rhotc prime top fat has. 190 to 190 Ibn., 99 404)9 90; balk of Saloa, 96-98.10; fradrra. OS OotoO 00. Market atoedy. Good Bheep Receipts, tool. 39.6041 demand. Choice fat Umbo (grain 10 00; cboiro fat range lambe, 10000:1 0.0) 69 tboira yearling 0087,00; fat (grain fed), rrotbon (grain fed), fat ever frador lamb, 99 90 (grain tad). 33.76(24.33; 8; 9.00. td), ......... - pot.....,... 4r alt, .... ' ' gg ' I - 4 6 cemetery; perpetual rare. Phone Wee. I860 r3AX ' OUT FLOWERS - HlDDART FLORAL COv-M- er4 2 deem (rarkb, 5 South Male. Pkeo Waa. 1940 Cut flow- era an funeral drafgn. rax IP -- - -- y FLORISTS ERNEST LA If BOURNS. Balt Lak eMeut and lending ftoriet. Funeral deeignn our apeclalty. Poulh Menu.. Wnmtett. 1818. Nrarariora, .7 FltnAL KING y476 CO.. C14 B. 2nd South a Deoofa-rioa- ate Sralgn work our nperlalty; ggompt attmtloo Phene Waa. 292 410 . co.. au gouth But: waT Evans 961 Cut flow era. funeral dealgnt- - Prompt (Ivoo. 'J- floral eerie. HAILEY A SDNS CO- - tm t.Mt flowerx - 9 U Funeral derigea arttotlcnlly B-- 2nd 00SEX. S Prxmpt daUrary. genth. Waa.-69- 0 ' tUSS to Tribune. The portal 428. CUT FLQWBB8, POT PLANTS. FUNKUAL Dor. 81 Critlo Roreipta, OGDEN, Choir 8 WORK. honey atekn, 97.809 26; good river. Writer T. Gray, 1946 Be, 7th X. Hy. 8081. 98.0Oto7.5O; fair risen, 6.00(0076; choice feeder rira. 60004 7 00; choir roam sod 4379 xgholfora. 06 604090; italr te good rows and he! fere, 64 0025 00; ration, 6.0004.00; ran. w. : MONUMENTS. TOMBSTONES orr. 42.004(3.00; choir fedr com. 400 4 60; bulla, 48.7804.00; bologna bulla. 6.00 LARGE aleck to select treat, S. McEaaaia, -- 004 90: oral rale, 63.0006 00, dieptoy yard 429 He, Stat. Choir fat bog. 176 Hog kecripta, to 250 Ibn., 9 40; balk ef rale. 90.9009.40; DRESSMAHING wtev Crador hog. . 7.0003.00. Shrap Becript. 1 749. Chaim lamb. 19.600 MRS. tot M. EDITH 10(10; wetter, 46.0041000; , 4.000 BKOWX. . 00008.00. 6.00; fradar lamb. Deeigxiag. making., remodeling, fin appareL- - Expert work. 4aspecUlfxtof Benin Flftk kaet. My. 199. cOtl 7" " Bxjrrxx. IaDIEE' akin and aaltra made 4 manacre; Special to Th TrihOne. ' or," tetara ntyton; parfert fit guarant0 WU. DENVER. Der. 31. CttU Reoeipt. 10ft. 22 Baitend. CesaUtaUna - bMg. Wna MrkC ttrady. Beef atom, 000419 60; cew Ham 77E hAV? V- 4 OO0T.9O; rale, and telton, 8.0001000; a PRRHBUAKINO and feeder, 9d.OO07.AO. WEEEtrh puu 4L22-U- . 11 lowet. 36c T 400, Market Hog Top, atrt. Herelpt. p42l 99 0S, hulk, 93 90(68.10 IUiUINM w4 kN Mbnldvry, teep Becripta, tea. Market parhanged. MMGtt.m TKUffEp iMMGtltcUac. tlMtiB tar44rf IMa 4 CUff C1QCA0O. . . ft na. CHICAGO, Dee. 9L (Critad Rtttra Bum b ef kUrkcu.) Ccttto Receipt, 4000; ttocra, 26 to 60 Idwee; ritera end th rioek, ttartera and feeder, eteady ; batogna telle, ntrang to 26c Klgter; Vral calvm, weak to 6 tow to ; ablppteg calve, nti rag ; gg cketce araer kalegnaa p to ten; bulk. 600009.60) cbetc to packer 17.00; few heed higher; vest tele 613-0eeleet nkipptog calves. meetly 41100 913 60 and klgken. Raced pta, 97.600; aeUra; meriy gse to Hog (Oe tower than yeeterdaye aeeruge, kutetee eff meat;' ctoelng 10c te 23e higher thaa early; tap, $ AO; bulk. 9S.8dU9.85; pigs, 66e to 40c tower; bulk desirable 00 to pigs, 90.6 t 00T8. 6000; fat abaep gad Innate, Rheew Receipt. 60c to 61 tower; choice fed western Inmbw early,-178; balk, 10.00411 60; choice wear4 60; bulk,.. 93 660 4.64; feeder. er ewe. 26c to 60s lower. warraan CITT. m. W, 09 60. 4804a PRKMMAiURtt ih Ri4ta CkiUrM' Gwittf. 41 Wltn I GpwrtEtty. v7 f tllK ahlru ebanra If w. it TIm BiaeUl m Wrt fimt wmtiriiim it wifurf t KmGt ro4wEy. apttaiy. , T744 ABHIOMAEUI draramakteg; nine ramedeitogi Price rarawMbte. 266 EooLk lat Want 0 Was 8160 X1904 LA MODE Dnramaklng patten, (rd Deer Kufth Empralnm; altarattos a nperlalty. 246 . Mata. Pre-wfan. 4730 xttox price, LA MODE Break making Parlor, 3rd fleer Keith B partem bldg., xrill tak day pupil after Jan. 10 ytt rw m ' OorwtlgrsE s. . 1 auatara aaxat0 Iran rail at ( Xratte Matris. Was. 1NL Uadaa IA3CUI Hen, 030 - Hemstitching - KAN6A CITY, DC. . tl (Dnlted RUtaa T60 Bureau ef Market.) Cattle Receipt, Beef elaera, ttroeg to 26c Mgter; top, 19. Tl; other claceee ntmdy; top vralen, 11 4001200 For week: Reef etevra, (trady to T6e tot tb rieck, 28430c tower; ctnnen, etrady; ralree, . 1.6002.00 higher; leaden; 96060c tower. Hog Receipts, 2300; eerie, generally etrady to 10c lower. Tap, 99.00; bulk, 8 930690; plge, 26c lower; good tad choice fit ptgt, 6.28 utato L. AND RUO 0LEANING- - CARPET EUTTON Mattery a toe trie bent and craw tale 9x12, 12.00 - Quick same. Hyland fad young around 25c tower; aeeenty-flv- e kS75 lamb. glO.T.V Per week; (heap and lambe, 9t)0 26e to (Oe BATE higher. peer vuge; have them etenned righto eteedj; yearling. John U. Fril. BY. 606 M. 769 Jrd Eqt.-- or. r954 " -- OMAHA, Neb., Dec. 51. (United Btoton XOVO Kid CLBAMNU CO., tb new ad fcet-tBureau of Marhela.) Hog way to bar geor rig elraaed. Ka pair-to- g. Receipt , 600: I btodlag and ramaklnt; tlaa flaeg tracing. thippen; market meetly rarly rale; (toady to 60c lower. Bulk medium Nave Rug Ctonnlng Oe., Hy. 4690-W- . 2167 26035c tower, ctoriug end light butcher. 69 9003.10; top, early. 69 23: bulk at roof weight and packing grade, 60418.76.''" tOattlav-ReraippODGl BRO0 etoctrio vaesume for rain er 1060: beef rieen end rite ta, Sun elraned, 60c, er I tor tl, toe Meek meetly 16023c higher; tell, euala. ns-aer- a StonUly. Bug ahkmgto, 9L Wan 7u0 and cuttera. (trady to ntrnag; eterhen - 1189 ' toad tot ataera, 910A0; led feedae. dull; lop BISS ELL, beat cleaner made, rented by day. few fed yraritega, $10 60 guaranteed get double the dirt avea pther Bheep Receipt, IS 010: kitllkg c latte glow, cleaner. Rental applias an ptuckaaA B ii Top 26460 lower than yenterday't tverag. X17S2 Eton., Wen HUt. 647 So. gtato. 1000; araa held Mgter early rale tomb, , ae fradnre her. beet ewe. 9000; - Few 600 Receipt. Bheep lamb, r0 ASSAYERS r. h. orru'KR 0 co., Aarayara sad ghippera' Ageata, 960 0. Want Temple gee0 grit toll. foe Miapl OftTOlopM. JEWELBT REPAIRING WATCH, W. clack and jewnlry repair end riraa-ln400 ceaUaeatal black. G. Waite, -- l4 fw- fct4 lid fbMlit, iQ . Niyw WftMfoii AUTO ITORAOE 4114. Phoo Wit b4 &LAi K 4k DKAftON, MMftn UVR er dead alorage at toweet price, In ad Wcot TauU m. 1214. atramhaatad. atr. ftrepreed kultoiaa Z461 v413 CRISK0M Call (12 Bo. State. Wt. 4000 NICHOLA. imifin ud cJMsiGto. 22 Mtl Wool Toi pi a, READ JAZ2XRS CNION m offteo Im. Wut P. O. box 144. GUARANTEED jan hand tor telle had parries. . rhea Was. 1661-J00 Entity, lender. C. So COWAN, TVflalo. med--er- a. VV T 142-U- X2902 FOOT trouble corrected, quick and totting e ilef. A L. Hanaaa, 202 Brad Fart Mdg. rBOZEN RADIATORS terete ; guaraa taed QllLKa and efftetont by i part. C. L Bngadakl, 347 eert, I. 402W. Tempi. TRUSSES trua; fit MEN wanted to wear ear W. Temple teed. Bex Drag t end guaran- . Breed-way- dxiM Wa. IF year ikeek Nraaaaa furnace toll yea. ELECTRICAL AND PIPE REPAIRS SEWING MACHINE REP AIRE VI HA aa expert far tewing marries week. W repair ewerr-thlalack work. gtato. Kaudsee wTlal VH Era fitting and Was. 001. SA6 g. Novell y A "porting Geode f. Alt Mki N Mil ir mu Wrtto fa mm tt C Tfei WbGlMili lpwritiff Of, oiiii Mil. PtoM Wia jniu, u MkM Wait it, Wm. Inn hot Luaeoitabsa WR DO IT TO Hep Ir tog A WOODSTOCK . Pmm tiom eooiM"7 , 4 iMftMlHI. Sfa Rrok 0 MHILDEH, bldg. BSt. Judge FINISH. C., rid tenth attorney- Uti IM hN if SnMdioi for (rprifr Wi. M mkAA Tjpvvrltiff PwhwUt, P1km 440. - taxp- rtpatpfrd i gtate. fsrnaoii Md (Ui. u to rp!r4 omt ebNaaef iwirptbg: CU 2. H. turu, . iVkiA WHIM I d (bom ffcryri iJoijt, Horoiunpudgd b Salt UN n4 Scott Haw. Co (wut .Vk4, STNilr, fly. CHTNSY sd4 furiic rlrxnlnff; tn dirt tin dwit. Robort Buru, 444H. tT2i) t(4 R. WALE PAPER CLEAHIXCI suit - V2M4 UTAH PAPXft CLKAMNa Bland RAGTIME PIANO ptoytog guaranteed to 13 ear. Waterman. 44' Be. Main. I Bet 4147 NOTICE TO CONTRACTOR A Stats of Utah. Office of stat rood eommlulon. Salt Lake City, Utah. Heated bids mil en received the state road rommlenton of Utah,by slat capital. Suit Lak City, Utah, at I o'clock p. m , January 4. 1921, and at that time publicly opened, for construction of thro sections of road snd surfarlns with gravel, th sam being a part of F. A. K No. 9. between Delta and Holden. Th length of road to be constructed or improved U ctlon "A" 10.U mil; enc. tlon V. 9.7k inltra; seettoo C, 10.45 a mile: tb Via Arte;, MM. r Co, him Hoytt ! ATTOPNSYR EINO Xh CHIMKET 8WEEPIKO SHOE REPAIRING 0. X. Eke mcbtiLT 11. ITfRTTBIN'J ! Ijpowrlura. OiCM Cti IwriUff V t4 Wiia 4Mi BANKRUPTCY PETITIONS prepared. Deseret Bank bldg. xaiux furnace doesnt heat, call gugarhooaa Mitel Werite, Hy. 1270 Wt make brat and rav fuL Q Baker htael to' tiled; yip er pip toe. Let a HIT E. gist South, x274A TYPEWRITERS AVERT repair, change rite, wiring and fixture ; clean and repair water Jacket sad X441 tearing xaleee. Cell Hy. 1326J. Flans and specifications hr ort fit tn offlc of tb stat rood commission, Halt Labs City. Utah, and the of ffic the bureau of publlo road, (oionri Hud-go- n HODKHb CO S.Sdl, ltd work ; FAP&li UeirAaSlNti CU, oiat. aioat vooanobie. Hoo. if 7 42. V, UrMOM, KalvmUiif 1M W. o4 rolltmyar cWialDf. pyln4 ?44J3 WA!4rPAPKH. piin t, kaiooflotaa oad wlotiova rorii ffuaninrei4. Sjr (ml Ai4MdriA ftpUv, Watfftcs 201$. Wmtjirt fwi HOSPITALS ALT LAKE MATkllMlY HDoIlTAU earner gtk Ekt end 911 gouth. city tmahe. Wt tpectolit te mtternlly ctevt and Price emptoy txperteueed mtternity aurtea. 6 90 )23 awl $54 per week and fnruleh . r a flat rateJ0f fe.; your own phyt,-iaaa rarrlctd ef laclqillag If darn 973.kpecitli.t r.,1 Hyland xa,..; fr BABY BUGOIES BE TIRED LAT to yeur he by rarriegea. Xcil q U while you wait. If th wheels era broke, building, tOtden, Utah. Tb above plans and apccUfratlons may we eaa put pa new ones. Wt have lJi0 gecarg , b obtained at tb office of th stat road wbeeto te elect. co J. rt commlnalpn on depOoitlnr flv ($009) B. death. 29g tad d';9 for oacli sot of plana Any additional tnformatidri may b aourd from FLOOR WORK tho stst highway engineer at Halt Lak , , CItv, Utah. toy, tarfeeo, fill tad wit til kinot af w Tb right to reject any r ail bids la WE tad aid fleam, halt lak (lead heading t rnrvgd.-or 7 rate trrt av'. , ( Wv. ftoia certified check for tng Caen on thousand doUars (liooei for ouch sec-,( PrPAIRUSTO ROOF tion made payabl to the Utah stale road commlaalnn must accompany each bid , tepalrud an any reef; aa ttdnc of good faith and as a guar- LBAgg erlratleua work. Wa. 0kiy uariti, ,1 antee that If awarded, th bidder will execute tb con track and give bond aa FATENT ATTORNEYS required. 8TATB RTIAD COMMTRI8ION. low P4TCNTH- By Ira K. Browning, Hocroiar). xti4l i Uonloda i f doi-ta- - ..... ,m - f '1 p2 0461 10 th ga man. eaa repair yaur gaa McGIVEN, eel la, water iarkete. furnace cell, take care ef year eutomatl wntog beaten. Wan- - imu TREE TRIMMING TBEE9 token eut. weening, ten Hy. M4.7W. 0. xtovb and furnace repairing MANGkg aanaacted, $2; water jatketa cleaned. 4; L jackets. 64; stexa repaiLd. AU werk guaranteed. Hylaed 3173; g. R. Tierrtoe. p21!g CALL Western kuaudry for au kiaito wei- -r a tong Jeeketn. etev repair. Waratck 4410 fu.0 F1MXT-CLA6- S at tupulriag. Tte Beii.pt teve Repairing CO., tea W) g. I2te Kent. FOOT BPE0IAU8T 0a ............. WASATCH Law 64 Bn. Main at. UK. The year-en- d halting in boelneta le mere marked than ueunl, but Indication of Improved eetiment multiply. The general situation con tlnnea very uneven and different tradee and Industries have apparently not yet reached the point when X decisive turn for the better seems imminent. Bom important baste Hue, however. Itaee gained a little 4a activity and the CLEAR1NQ8 0HOW. broader demand has of 1 reappearance NEW YORK, Deo. 91. Th New Yfrk rise to more confident hopes. .One of thegiven enClearing House association, which eom- - couraging fan time era the preparations now un e fifty-fivVta and rises pt largest (tank der way for an early renewal of operations at ?rust While establishment. companies of this city, reported certain mandfacturlng record operations for ths calendar year. rvktrtctloo cf output I Mill tb predominant been checked curtailment baa mounted colossal to at the th condition, Exchanges soma plaeen ip the east, and wag reduction total of 9243,136,013,364, against In 1919 and $178,539,248,782 in are not infrequently being accepted na an alternative to unemployment. Weekly bank clear1919. ,682.231.688. as ings. totaled Balance $25,078,320,338. withIn 1910, and 924,975,988,003 compared 918,967,019,910 in 1918. WEEKLY YTXAXOIAX, XETIEW. , NEW YORK, Dec. 81. The closing week of House tnkrket wa t remarkable year In tb securities, -Business In gait Lake, as shewn by tall veiled by a brisk- - demand and consequent representative shares, th reports of the Halt Lak Clearing partial rocorary of many with signs ef a relax-tttorail, together House association, showed a gain of especially ' . of the protracted (train. transact967,485.236.49 over th busines abort and soiling of speculative Liquidation hanks of ths city In stocks ed through th continued, however, the further reset Ion 1919, The total clearings for the year being traceable te tb weakened technical poet 1920 were 9899,246.395.48. and at the rat OLEAKIXQ H0U8K XAXKB. tio ef certain Issues and the obvious purpose of gain, maintained In th face of a dif- of corporate Interests and Individual to adjust NEW YORK. Dee. SI. The netonl conditioh ficult financial situation for tho past loaoen against lacusat tax payment, ef clearing houra hank nd troet remplra for indicates thst ths city will tew month Disappointment was expreeaed at the absence the week bow that they hold 911 0(6.960 In txeras ef legal requirementa. b In ths billion dollar clasa ef annual of more than a tentative January reinvestment Tbla la much but thin was partly attributed tn th demand, more before time has 6 tfecrraae, of 19,616,960 from laat weak. clearings ACTUAL CONDITION. elapsed. 93,274.461.600 The complete report Issued yesterday aloof la expectation ef e clearing ef Abe finan- Lmm. SleceuaU, etc cial atmosphere. lucre follows: 6401,000 Tear end settlement were raeyetnpaoied with- Ch In vnall member fadClearingi for 1920 the slightest disturbance to mousy rates. er 1 mere- - teak 101,719.000 924.461,169 00 out Hearings for 1919 to modem more than acW loans for If Few, Ilecreara nay, 664.000 December clearing 1920.... 88,117,471.99 amounts were negotiated, practically all accom Re ere in federal rerarre hank 95,692.245.51 mol at liras being Same month last year restricted te renewals. ef member hank 624 991.000 Week's clearings 15.580,690.31 There was eonaldembln divergence of opinion lUcranra 17.266 tWO Sams week last year 20.302,620 26 among Immediate Reaerra la . rarn vault; RUM th bankers' respecting 3,806,711 61 future of the money market. Conditions la that bank and tract eompaatea Friday's clearings 6 223,000 Sam 1,414,163.10 quarter It Is generally believed muat, of Deere . day last year .. 626.000 bo govesnod by development in general Beeerre la drponltnrirai a . State hnsiaras and Industry during the drat Tew bank and 8 trael 126.000 PRICES. CUT PLUMBING . eoeyialn.... moetlia of Ikr new yeer. Inr re 132 000 Another potent factor in th money situation Net demand depealtn DECATUR, m Dec. 31. Th H. Moel4,016.320.000 Interests will be th attitude 'Of mrrraotll 11 463 0U0 ler Manufacturing company, manufacturInmate . 286 (43 000 announced toward price read Jualmenta. Fur (her a ad, morn Tim deposits ers of bras plumbing good reductions by jobbers, .middlemen tad . lncrrae : 17 1.73 00 today that on January 1 It would reduce drastic s er expected. Circulation . 64,753, IXO the price ef Its goooa an average of 20 rvtalh-rrelief little market fh le . Durr foreign exchange 141 000 per cent. Wages ef Its 900 employees la looked for until the matter of tiermsn repa7. . g. daprallr deducted 121 814.000 will bs reduced an average of fo per assumes definite form, ration, reeerea ...... 644 941.000 Aggregate . cent,. Pending settlement of that d nestles. Amaricnn Eaeea lea re 11.6(3 iso a Deere banker. It 1 understood, nr unlikely te' en14.616 650 t.. gage in sew jnteraetkmsi underwritings. COKE COST DROPS. . Summary ef atal banka and treat reeiplea Greater New York net Included la clearing ' ST. LOUIS, Mo.. Deo. II. Reductions bene eta lament : XOBTOM WOOL MARKET. A ef 3 and 13.60 a ton for coke will be put 698 TOS.OOO Lon. dtaeounU, In effect by two local concern tomorrow. Deere B08TON. Dee. SI. Tb Commercial Bolle- 8 216 300 It wna announced thin afternoon. The tin tomorrow will sayr Geld 6.006 TOO . aside from tb government Business, lncrrae prioo at present la 916.33 and 915.60. 906,700 a auction on Thursday, has bean generally quiet Cumaey and bank 16,017.000 At tb government eel the entire this week. IncreuM'.. CORPORATION ARTICLES FILED. 660700 wa crossgold, low South A merles federal reraree Deperita with Articles of Incorporation wsr filed offering bank New York bred. which composed tho greater part of tho yesterday by th Blue Coal company of offerings, selling well as compared with th Iscreuae . with th Denver Colo., of current market, altbeufh (boat n rent a poand Tetal drporita secretary In thla under th November eel. Lose scoured woe is state of Utah, to do bustneae Deere state. Officer of the organisation are odd St general xdveaeve over the November Depoalt with ammiats due fra Belmont B. Mage pTeeldent; Luke J. ml ef 8 to 10 per rent. nacre depoeltariee sad ether The situation it tb mill I hardly changed, banka tad treat romperio in Kavanaugh, eecrotary, and R. j. Caros New Yerk gad p. 0. deposit ef Carbon countv, Utah, as local reemployment la heavy, altbeagh orders ere beagent. extent on certain typas eliminated .. The capital of th company Is listed at ing received to a modest 091.291,000 is roorcraed, tin 903 300 IncrmM 91,000,000, divided Into 200,000 eharea of of goods, Bo far 14n tbs tariff outlook lq Ives Raakat Caah tn vault tbat th 27 Odd 4 ki opinion preferred stock at 91 each and 700,000 general ths It wt work ago. Truat eoeiptalra; Caak in vault.. bright 62.667,300 shares of common stock at $1 each. Bcourod bnsist Half-bloo26(3 29c; Wisconsin . FLAX, OAT0 AXD KYI. UOAR MARKET. 4tt96o; quart MINNEAFGLIB. Du. 61 Wheat Receipt. Dee. 81. Tb NBW YORK, Texas Ftno ISmooth. 7680r; fine I sugar surtsl 916 car, cemparad with 431 cars rear age. Closed at noon today. No frrnb buslaea wee months, 66(089. x Caah: 1 11.73744 1.78; Deeuat- N. nerthars, California Northern, 78Q80c; middle counraportad tn ran and prtra quoted were ber, 1.09; Much, II 964 4i l.W . for Cubes cost and freight, equal te 6.39c for ty, T6e: aonthem, 65c. Cera Ne. I yellow, 63004. Footcra No, 2 ata pic, krtc; s a torn Oregon centrifugal. ' Oris Nn V whlta, 434944c. ' Refined Heady. St T 90E8-0- c far fin granu- clcthlag. 0to5c; valley Xo. I, 5e. Barley, 6279r. lated. Territory Fine otoplo. choice, 9049860; half-bloo- d Rr-- No. 2, 8182Vttot6JVi 66ti 70c; Future were quiet and featureless; January combing ' Flax Nn 9, II 701 90 . ringed at 4 Pic; March, 4.6te May, 4.90c, tad combing, 6 to 55c; quarter-bloo- d combing. 40 to 46c; fine clothing, 66c; fin .medium clothing, July, SOfle, OQTTOX. tinned Meade; at lea. 600 Inns. 608(660 Huger future jv. Pulled Delaine, 89c; AS January, 4 60c; Marcfi, 4 04c; May, 4 90c: FEW TORK. Dec. 81. Cetton fu'urra npened 6644900, July. 8C0e. 14.00c; March. 18 46c; May. January. atradr; The raw sugar market cloaed st noon teday Mob Ire Beet combing, aogtjs; host card . 14 66c July. 16 36; deter. AX TOr, and pries war -- nominally unchanged at 4Se lag, 25ff 27c, ' rloaad 14 y; Jaanary, 74 Mr; futriira Cetton for rubas cost and freight, equal te 6 49c fur 18 90c; May, 18 66e; July, 14.00c; OcMarch, eaatrifugaL, No trash business wna reported. WHOLESALE DAIRY PRODUCE. tober, 14 00c. X furnished by Mutes! Crsemcry c ) Cette apriL quiet; middling, Id T9c. (Quotation XEW-YORPRODUCE. !' Cetten clnued ataad jf at a set decline f 4 lrtfn Fresh eitra creamery button in cube 9 ,40 . MEW YORK, De. It. Butlsr, si red y; unte 24 point. rar-- 4 lira errantry butter Freeh Ig I changed. ton ,4019 EVAPORATED extra flratx, FRUIT. Eag. unsettled, fresh gathered Fresh first cratmtry butter, parch- do flrals, T071c. T2to7, NEW TORE, Dee. II. Eeaperated a frier, meat Prints . , ,4(19 I here, steady; unchanged. ' A pricota, dull. Fninea, neglected. quiet, firsts creamery better In cap. irregular; chlckepe, by eg. Fresh Poultry, rcachra, dull. Rriataw nteady. tone ( '44)9 pease, 44E35e; fowle, (Te; other unchanged. Cook teg ,i,i (90-lb- , .46 butter tube) Itreeeed, easier ; sreetera chicken In boxen, M0 ' FIGUR AED XRAM. eggs Storage ICIff-T- c; .0 In fowl. 26ffX4e; barrels, raaeters, lie; Deo. gl.-Ft- our, MINNEAPOLIS. Unchanged. 22 0 34c turkeys, young. AlSfATci eld, 44040. Kanrh rggs ."90 Full cream rheas, triplets ..... .29 Bran, 420 1X 37.00. full America cheese .29 errant Young . XEW TORK X0XET, Block Bwtse flteoae .64 META LB MARKET. .61 Cream brick ckoee NEW YORK. Dec, 91. Prim merraatil paL Tin. NEW YORK. Dec. firm: tpat. per, unchanged. 036 00; futile, 4000 other met alt unr CHJCAOO TR0DU0E, Exchange, Irregular. changed. hlvrllng Demand. 98(214; rabies, $169. ('Hh'Ai'.O, Dec. 41. Ratter, unsettled; creamErases lieseaed, 9 87c; cable. 4 89c Skirsa. 54c.; standards. 47 Wc. , Due Reixtaa fraeca DcsaSad. d ltd CnMs, 6.106. eryEra riagiver. ' 4Tt lower : rccctpu. 24T raw. Firsts, II ItONDON, 6d. etoeirnieuc, uncteegwi. Dm , 4 I hi. 'Ustldvtv, warhthged at ordinary f'JSjMr; mark, htiqumV; find, Lead, parhaaged. Elec. 0 20 I4re Demand, I 46c; cable. 9 4Tc. rasra mrtudvd, 61 trCiTc; rcfrif-rnt- nr firsts, 1 96c; Slack-- - Demand, csblra, t tdc. 67r: tvfrlgccslov ratroe. a 7 4 ivkkc, (.recce, unchanged, "DKMOCHATt TO CCLCXRATI. , tewrr; Poultry -- Alio. ,242c; tleaireal, 18 'A per cent discount. springs, 59c; turkey. 4(te. spmlal to The Tribune. Ttme.knans, steady; unchanged-ta- ll HINOlIAM, Deo. II. Th Democrat a of mosey, firm; blfh. T per rent j low, 7 LINSEED OIL.. th Tenth proclnct will celebrat Jacknon per rent;, ruling rat, f per cent; fleeing bid. Dt'M'TH Dec. it Llneood on track and bv rtnv wtth a Ball nt ihq rommerolnl cluP 6 ,p--r rent, uffrrrd at 7 pry cent; last lore.. 7 per a -- firs, $t W, i tlatii't hull Fn'urday Riht, January , ert, clearing FUNTTRAL DIRECTORS ODONNELL A CO., undertaker a0 eoRbrimera. 328 27 South to rat Tom pro at. fhono - v 04932 6. D. EVAN8. nnderteker, embalmer. Mnrtuary 4414 tepL 49 Be. Pule. WaMtrb 610 14,712,450. , ANUAR Y 1, 1921. a year ago the total was 116,823,850 .. Imports from ths Netherlands last month were 9079L397 and year ago they were 16,701,90 American exports to Great Britain dropped nearly 1115,000,000, the total In November. 1919, being 9220,144.241, while last month It was only 9l25,c0,8,3. Imports from Groat Britain also jell from 147.104,949 to 924,923.947. valued Spain bought American at 920,444.199 last month, goods as compared ' with 010.929 994 a year ago. while Import from that country totaled 94,039.734 year ego. Jst month, toagainst , 129,241. Afrom Canada dropped Exports to 999,940)121 and Imports rose to 992.975,997 from 932,471,142. Mexico took 922,332,021 worth of American goods last- month, aa against year ago jand the United States bought 974.441,830 ef Mexican product at compared with 14.444. 403 in Naverar ' her, 1919. China bought United elates goods valued at 910,443,907, white a year ago the totaled 99.139.321. Imports export amounted to 95,460,234. compared with ' , a-- yr :r- - |