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Show THE SALT LAKE TRIBUNE, UraAYQimXGAPRIL-9.1922.- - -- 7 PINISSI WEEK IN WHIRLWIND : More Than 800,000 Shares Sold in Two-hoSe! ' Board of Director! Elected; ssion, Record Since 1919; Sterling Rises to : 4.41; Prices Rally Generally. Status and Future of ur v , 4 V A t . Company Fully Discussed Stockholder of the May. DayMtnln and Milling company in regular annual meeting held this week elected the following board of directors: George H. 3. C. Sick, George Ft Wesson, , Sherman Armstrong and A- - Keeves. elected Mr. Pern, president; Mr. Pick, rice president; Mr. Armstrong, ; treasurer, and Mr. Reeves, secretary. The report of George 'H. Pern, vice president and general manager, referred to the death of the president of the oom- -' John Pern, January 2 of this year, t.ny, after fifteen years of continuous service head of the company. In addition, Mr. pern pointed out that although the company owed 13500, stockholders should bear tn mind that there " are now only 176,411 shares outstanding, instead , of 800,000 shares as formerly. This condition, according to Mr. Pern, means that each share of stock now issued and outstanding represents mors than twice as large an Interest in the property as it did formerly. Although bo plana have been made for the future in order to liquidate the pree- -' ant debt of f00. an assessment of 1 cant a share, delinquent May 8, sale date June 3, hae been levied. Mr. Pern emphasised the tact that although the mine had been shut down for about a year, it should not be presumed that the posui- bliities of the property have been ex-- " hausted. Intelligent and scientific said Mr Pern, might still disclose ore bodies which would make the May Day come back" as It has often dons before. The equipment and hqlet-- " ' 'DA STOCK p, LIST. take a loss on the deal? The answef is ob' vious. , Of course, they dontt. At all timesandespecially now, while rents are high you should buy your home, for economy's sake. - . ment Early dealings Were Irregular tn of further realising Bales. These effected reversals of 1 to 4 points among ce Chandler Motors, General Stedebaker, Electric. Baldwin Locomotive, Mexican Petroleum And. Electric Storage Battery. Prices soon rallied however, on renewed buying of Independent steels under lead of Gulf States, yeetarday sensational performer, a well as Bethleheffield. hem, Midvale, Republic and 8loea - Local utilities also strengthened their position on the outcome of the Interborough Rapid Transit situation,- - and additional aceuitmhttkn of rail proceeded, mainly in Reading. Baltimore A Ohio, Missouri common and preferred issues. and other Shorts experienced .another uncomfortable time In their efforts to depress the oUa, that division resisting pressure and adding substantially to the many net galas at the very active flntsh. Bales amounted to 888,086 shares, a record for session nine 1919.. . any tn which marks. German Excepting eased a trifle: all the foreign exchanges strong tone. Sterling's rise displayed to $4.41 for demand bills represented tbs highest quotation for that remittance nines the early part of last March, AHied tnd Scandinavian bills gained '2 to 12 points end the Montreal discount hers to continued ease, -Deeptte the extraordinary activity In the stock market and the resultant des loans bouse and mand for funds, clearing discounts showed an actual decrease of have-beeefthomin. slightly .more., than 18,008,008, and a kept. -- --bliit--.moderate gain In cash Increased actual , - As no annual meeting has been held excess reserves to shout (14,660,000. by the May Pay company since 1919. Mr. Perns report, now being mailed to stockholders, is for the last three years. .During the time elapsed since the last IT a meeting, two of its directors, John Peru and W. S. McCorntck. have died. ccmv- the new. board gives the pany a sufficient number of directors for its quorum of four, which is required for transaction of any business. . , the , A greater part of the repert now on , the way to stockholders is taken up with of discussion a the worlf dohe at the mine during the last two ysars. Most of last three years the exploration of the Wheat advanced CHICAGO. April level of the was done from the 1800-foYankee .shaft in of, llmestonee hsrply today, following a weak start, of orisons lower h the (May lying in the a new high In several places prom- - the. Jyly option touching Day property. was attising showings were struck, especially in mark for the week, when $1.20 the coarse mottled limestone of the Chief ained shortly before the close. BuyConsolidated series, where et strong vein ing by houses with eastern connections of quarts containing iron, manganese was mainly responsible for the- - quick and from one to three ounces of silver, upward turn, and at the finish, which was opened up. Mr. Pern- - advises the was strong, the market showed a net c to with iMay 81.32 exploration of these-- prospects as soon gam of to $1.20. as a favorable opportunity occurs; to $1.82 and July $1.20 to Notwithstanding the fact that officials Corn dosed higher, oats up c not at were of the company to disappointed c, and provisions showed an adfinding a commercial deposit of ore as vance ranging from 7c to 60c. a result of the work donels on the lower .While the government crop report on exploralevels of the mine,, since-thwinter wheat. Issued after yesterday's tion was undertaken under (the best close, instilled a slightly bearish tinge eco- geological advice and executed to Hie market at the opening, this was as the buying demand from ,' nomically, it is felt that the outoome was merely the consequence of taking a le- the eastern houses caused a reaction the which sent prices to higher levels Ungitimate hazard. Consolation Hi for derived favorable reports regarding the crop In disappointment experienced from the foregoing considerations and by the southwest also was a contributing work Is of tbip factor. by the knowledge that It .. kind that mines are made. Com and oats reflected the action in wheat - There was a broader trade, and kcotnra stockk txx yrahcisco cnmrnieaton house buying led- - to consid(As Reported By J- - A. Hol A Co 1 erable short covering. There was little, Bid (Asked. however, in the news on com to attract attention, but the delay in oats seeding caused increased apprehension. Pto visions, while rather dull, averaged higher in sympathy with hogs and grain. .as nv T0RK NEW YORK, April 8. Week-en- d operation on the stock exchange dosed very much he they began In a whirl of pectdatlve enthusiasm and many new high records for the sustained move- If renting is cheaper Than home owner-shias some so foolishly argue, why is it that prudent business men, professional landlords, build homes to rent them? Do they .. low-gra- - T S-2- A REAL SACRIFICE SALE. Th owner of thi home has been out cf work for five months sad sun pi v must sell. HI creditors Are upon him A and lie ha put s price on hu equity that A give away. Red brick bungalow. Four large rooms. Plumb-'in- - $2050 $1050 cash pros-peelin- g, imr-wor- ks g confixture in bathroom H in firt-c- l dition. Buffet kitchen, Imrge cement basement. Big lot with black. loam gotl. New public eehool f within blocks lot all fenced. Poeeewion at m tea day-- - Bee-Thbargain. Two' yean on ill balance n WITHIN WALKING DISTANCE, OF DOWN1 brick bungalow, located in yOWN. Four-rooa fine neighborhood of new home. Beautiful ahade tree growing alt along the st reet. Front contain a coxy firebrick mantel with wide shelf and neat built-i- n bookcase ... Opposite theu living room u a study or den, Urge enough for - a piano or ntuste room. Kitchen contain fine built-i- n cabinet and the inclosed porch at the ' S-1- $3600 -- $700 down' $35 a month one-hal- w $4000 ISElffilCES 'K modern JUST OFF 9TIT EAST. A five-roosouth;' brick, facing All built-ifeature, fine basement. Just the place for a man with a family. Plenty of room for a garden and chtckena. Located in a fine neighborhood of new home. Can be ihown by appointment only. S-1- of ern bathroom, large bedroom and screened sleep- -' porch large enough, for two beds. Cement basement with thrives, laundry connection And drain. Located in southeaetern part of the city. ing ot BEAUTIFUL- S-1- - $2675 $325.00 d5wn $25 a month ' WHEAT Stay July .. .. CORN vy July .. ,.7.$t.W . ft 8T ' $t.4 81.30 (UTS May .. May .. July .. RIBS July ,, I No. 2 mixed, 8738c; Na. Wye.No. 3 white, 88Q80c; Re, 8 white, Corn Oats 637e. Rya, nominal. Barley. 606Tc. . Timothy eeed, 84 50 8. CO. Clover eeed. (15.0022 00. Perk, seminal. Biha. U 18 80 27T $11 - 7511.85 mixed. . n ........ ............ Balie Lake Copper .... .a ' 10 US 25 8 2 1 2b ........ 2 B 1 2 57 12 58 12 20 IT 40 17 20 87 18 28 43 .. 4. - 1 2V4 .......... Coo 14 (8 7 2 40 108 82 2A 8 Kerr iake- -. 24 88 17 28 43 .... ........ . ... Shoe Machinery 8hattoek Sup A Boatoa. Sap Copper Trinity . Tuolumne .... Utah Apex Utah Con .... Utah Metals 8 ........ ........ .......... . , Six-roo- 280 4 li .... ....... ladiaaa .... Island Creek do ptd ..........a. Isla Boyal La W L Hinrcl Qnlaey , $6500 EAST. strictly modern firebrick, with garage in the basement. Gumwood finish and oak floor. Beautiful tile mantel. Kitchen exceptionally convenient feawell arranged, with all built-iture and aiato finUhed. Three bedrooms, one o arranged that it may be used a a breakfast tub. room. Beautiful bathroom with tiled-iKitchen porch enclosed under mam roof of houses f eonl bin, Full cement basement with floor drain, hot and cold water connection for laundry. Home just about completed. Call its for appointment. It it sure to tell quickly. 108 61 83 10214 60 ....... Pond Creek , Wheat 58 e' ........ ......... ........ Old Dominion ...... Osceola ... LARD 2Va dust-proo- Swift Advefiture .... Ahmtek ... Arts Coni Binghon- - Mtsoo mi Cat Artrv.rrrrrrr Cst A BocU .... Copper FUtafe-r...Daly West East Butte ...... Davit Daly Norths Butte Ntpltstng .... North Lake New Cornelia PORK May IN GILMER PARK, FACING $700 down . $35 a month CLOSE. (Ac Reported By J. A. Hoglq A Co.) Bid. j Asked. Mohawk July". 840 one-hal- 108T0H COFFER Michigan Copper May ont, ' n Hats . HOME-South-ir- $3900 la hundred!. Sale Misoo Valley . - 4 $1250 down $54 a month short-lived- LEADING FUTURES. Cbm. Low. High- - - i ROOU lawn, climbing row buehee trees,, garage, cement runners, good lot all 'fenced. The interior is conveniently arranged. Large windows, built-i- n kitchen buffet, sleeping porch, email basement. Located near a good school and church, just off State street. Telephone us Monday for appointment, as this home will be sold thi week sure. If you see it, you ll like it. lc. HA NOE OP TH Open, acre PUT YOUR BOYS TO WORK. . Hfre U place which will keep you busy during your spare f acres of eholee garden time. Two and and fruit land. Plenty of irrigation water. On Ilth East; near 33rd South. An ideal frame bungalow with three Urge- room. Uu fin sleeping parch and basement. The house in well built. Some fruit trees and good chicken coop. Bur thi place, work hard, and in three years it will , keep you. n $500 down $35 a month y2 acre s j S 1 Eleo-tlon- I, ! ' 2 60 8 ' $2650 $500 down $35 a month 84 1 THREE-ROOHOUSE. DOUBLE TWO, APARTMENTS. Three large rooms on each" side. A paying proposition. Rented now to good tenants for 36 a month. Each apartment is modern. H-7- A 3 JJ.2 X FIREBRICK BUNGALOW. Six room, strictly modern. Located on a pved atreet near Ted-$OUU- . end Height. , Tenn 1 stahdard on stocks. (A. Reported by J. A. Hogie A Co.) Bid. (Aekrt. 18 Anglo 184 Boroo Serymmy ... . . 870 80 V4 Bucktvo 64 08 ....1, 192 187 Ch.sobrough do pfd no 118 Coetlnontal 182 136 Croocont 88 M i Oimborlnnd 140 150 Eurokt M 97 7 Lard, $10 87. WHOLE ALl" DAIRY PRODUCE. (Quotation by Mutual Creamery Compaay.) Cast let. Freeh extra creamery better I 68-poand cubes ..,,....$ .81 Fresh extra creamery better la cartons POTATOES. Freak extra creamary Gelena- - com ... meat prints .. CH1GA00. do pfd 8 Potatoes, weak: re- April la butter cat. Ants Freeh creamery new pfd 71 total Halted Metes cars, reipts, ehlpmenta.' 82 dona Illlaoli Pin. 727; Wisconsin sacked wand whites. $1 45 Freah firsts creamery butter, parch- 1 85 1 85 ewt ; Minnesota sacked Rad Rivera, Indiana Pip .81 ment prints National Transit ewt; Minnesota sacked Early China partly Cooking In cubes .25 batter N Y Tmn.lt graded, 8160 ewt ; Idaho larked Russets. ,81 00 Selected fresh ..28 8 airs Northern Ftp. 175 ewt.; Idaho sacked Rttrala. 51.50(1185 21-Ranch eggs Ohio Oil .. (1 20 Fall cream ewt; Utah sacked Rural, fair quality, 81-720 chaeee, triplets Inter Feta anrkad whits variety, ewt; Wyoming .21 .... cream Americas Fnli atocPr-Vloridcheese, Yonag double-headeFenn Max ewt; new -- . Prairie Oil rets, gpanldtng Ross So. 1, 89 00&9.50, bo, 2, Block Swiee cheese. 5 pound squares .;. ,29 84 cheese ' Prairie Pipe 7.60. 17 .' .25 Cream brick cbeeee Solar Refg South Pip , LONDON M0XIY. v CHICAGO PRODUCE. South Penn Oil HON DOS, April 8. -- Bar sliver, 13 d per 8 Rutter, higher: cream8 0 Peon CHICAGO, April ocnea. S O Indiana ...x ery extras, 84c; firsts, 8183c: seconds, 2 Money, 2 per cent. O Lnni ... 30c; standards, 83e. Discount rntee, short bills. Sit per rent; 82 999 cases; firsts, 8 O Kentucky firm; receipts, three months' bills, 2 per cent do new . 23 c; ordinary firsts, 21&21e; miscellane1 b ous " etorage pckedexjraa,25c; S 0 Nebraska HAT 8 0 "New' York storage packed firsts, 24c. KANSAS CITT, April A Bay, unchanged. S 0 Ohio Poultry, alive, unchanged. do pfd ........ . Iwtn A Finch ........ ........ ...... ......... ......... ........ ........ .... ........ ...... ........ ........ ............ ,..:,,,, ............ I Ea, ........ y Sugar Co. Utah-Idah- o ; y7 First Mortgage Bonds The market on theaa bonds : r broad and active, dealings ex. tending from the Atlantic to th Pacific. t The poctirtty is s first mortgage on assets vglued at over three times the amount of the bonds, The company Is one of the leading Industrial organisations tn the Intermountaln Region, hacked by strong Interests. Market price have been advancing, bat bonds may still be purchased at prices 1 Yielding Over 8 Per Cent . Our Trading Department execute "A 1 ' ' . maturity at , orders to buy or tell any market , , , . ... . , 6 Walker Bank Bldg. Phone Wasatch 688 ' on 100 103 84 88 800 1 87 840 475 " 78 251 H-4- 1 ..lfo. 400 118 26 854 20 99 6Bc; . t ,1-a- NEAPOLIS.-Ml- on $21 50 80c, FLOUR. , April ' 8 - H-- 9 H-- A REMARKABLE BARGAIN. Located Mouth Temple, close in. A mansion that off jut cost l $4500 (12,000. Interior finished in hardwood. Bargain Better see thi today. price- - ohly (4500. $500 down $40 a month NEW FIVE ROOM BRICK. Brand new brick home, not far from Liberty park, Located on a good car line, near city school, on n deep lot. Modern convenience. Well built. Ready to occupy. Connected with sewer and , Assessments paid in full. The finest buy in Federal Height, strictly modern, on a large corner, for only 111,900., Terms like rent. Flour, $3500 $1000 down $30 a month - - $3500 Easy terms H-2- B COTTAGE. On SUBSTANTIAL SEVEN-ROOa beautiful lot, 3 by 10 rods. Near 6th South and 2nd East Good size living rooms, four bed barn and room and two bath room. Two-storgarage. See it today, or you will, be too late. y t modern H-2- 1 A H-- 8 Et FINE X $2500 $300 down ' $25 a month And 2nd LOCATION. Near Tth modern brick borne. Just South. Four-roo,the thing for a small family. Within walking distance, and with payments like rent. A bargain at (2500. Come in or Phone Wasatch 686. 5KM3 un- SILVER. April 8 Fomtga bar stiver, Mexican dollar, MODERN FIVE-ROOBRICK, Thi neat cottage i located on Roosevelt atenue, near 11th trees. Only (3400, 'Hast' Yours for (350 down and only (30 a month. GStagd.-fifirlawiri- $550 down $30 a month RAX YORK, t 101 he, NEW A $3400 271 410 117 83 838 80 . 00ITEE MARKET. NEW YORK, April 8. There were react Inna In the market for coffee future twlay. After the advene earlier in the week there we t dtapesltlon 10 take profit oo long contract which wa probablp Increaaoit by lower mil-rol- e quotation from Saatoa. Flrat price were 8 to T point lower tn eoneeqneara end active month oold nbont 10 Ijt. i potato below last figuro during th middle of the Slghta cloaiag with Map teaching 8 80c and Septem her 9 42c. There war rallle of a few point an .eovarlnx In'th lata tradln, however and the doe wa $ to 10 point net lower. Bales won reported of atvuit 89 000 bags. Closing May. 9.84c; July. 9 75c: Septem quotations: ber, 6 47c: October. 8 47c: December, 9 40c; January, 9 43c; Kerch. 9 88c. Spot eoffro, firm; Rie 7a, 10c; Settee 4e, 14e te 14e. Coat and freight offera were firm with Santo te and 6. part Bourbon a, qSoted et It 30c to 14 25c, American credits. It I reported that relatively rheep coat and freight roffee rocentty offering for meals have been pretty well cleaned ap. ? ' 27 580 HEW YORK PRODUCE. NEW YORK, April 8 Batter, firm. Eggs, steady. t unedtled, Ur and dressed poultry, steady; i price changed. , PALMjER Docd Mortgage Co. 41-1- lt 15 Wnahtngtoo Imperial . 10 275 108 28 175 108 278 28 500 228 840 "" 98 178 Vacuum 7 49 114 104 4T ........ V 100 no SiUlCln Site Farms - , Cuy Hama Suburbs Hems Mart Invustmaal ui HEAL EITATE The basis of all waalrii." 3 00. U Huf AbatraSta Lssa laiuraao Avnbal Businas Oppartvaltta JLm2 54. SO. MAIN -- 5ALT ; x ft LAKE CTTY r - |