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Show 8 C THE SALT LAKE TRIBUNE, SUNDAY MORNING, JULY 7, 1929. MART STOCK (By the Associated Press.) YORK. July g Following Is the oocMdete eioawg lut eC VcxUi transactions oa toe New iork Stock exchange (sales id Copper Lead 7me HOLDS-FIR- M mrw Silver NSW YORK. July 6 nominally unchanged. Bjr - KYW Rubber xde Ut pfd Fox Film A Freeport Texas . Fuller Co pr pfd ... Oabnet Snubber A . Gardner Motor ..... General Am Tanker General Asphalt .... General Cbie ...... Genar&l Ciaar ..... General Elecirie .... A&ai A us ax common . .. . do pfd Co.umoia Steel common .. do pfd Coo Bason ... u.x.e rotfr pfd . b ...... lud Coal ... ....... Lato Surer Ml States Tel ft Tel .... CHICAOO do a pact 1 Oaa ft E A xoo 17 pfd A Oenaral Mill Oei Standard Coal . ,, .. ... Uun Pi re clay Utah Oas A Coke 1st pfd Oeneral Motors ... Gen Outdoor Adv Gen Railway Signal tt pfd ttogg-toato- do pfd tow. ...Jll 163 1030 ...... ....... ... .... Utah Homo Fire Ins Glidden Co Oobel Adolph Jag Gold Duat Goodrich do pfd do 14 pfd .. Walker Bros D O pfd O U BONDS f If I 151 373 4 131 1 148 3 333 3 133 301 7 1.584.260 aharaa. Total saka, 4 n lu Oen Refraetorias GUletta Aaiety Raaor ......... .... .... Utah 01 AVERAGES. . tBy the Associated Press Mind. 30 Rails. 30 Util. Today ...sat 33 140 3t 371 1 .332 revtouf day week a so I 140 9 373 MARKET Goodyear Tiro ft Rub do 1st pfd Ootham Bilk Hosiery Graham Paiae Motor Granby Con Mlu Grand Union ...... Orant Great North Ry pfd de pfd etfa Oreal hot Ir Ore gtf reat West Rugat e xdo pfd Green Can Copper . . Guentanamo fiuter , mi July d (AP). The Vck market held tta (round in a manner highly atlafylng to" thr bull forces iodtrr aK though the huf Increase of 3337,006.000 tn brokers loans reported last night caused B momentary smkiug spell at the opening. had Considerable week-en- d profit to be absorbed, and b number taking of issues closed g few points lower, but the Associated Press price indices Indicated that gains NEW YORK. ghghtiy more than offset tbs losses Bo many brokers snd traders were eut ef town for the week-en- d that trading was In moderate volume, the turnover for the two-ho- ur seamen barely exceeding 1.306,000 Shares. There wag little In the days newt to influence the trend ef the market, although another reduction of of one per cent In end eaked rates on bankers accepthd ances gave further evidence of the slackening of the credit strain Yesterdays call money rate of 7 per cent carried ever snd bankers expect that call the week-enloans may be firm early next week as the final midyear settlement checks ere returned for collections, end banka pay eff more of their borrowings at the federal reserve If matters ere allowed to take their course thereafter, however, g marked Improvement la expected. The week-en- d trade end business were generally gratifying, with the Building end brick manufacturing tndua-trice about the only soft spots reported. . W. Dodee corporation reported that ullding contracted in the states east of the Rockies In June declined 7 per cent from U ay, and 16 per cent from June. 1833 Several more favorable June sales reports f chain store systems cane to hand It was stated in motor circles that the for M models remains Insistent Continued on following Page I r xdo-pf- d Hahn Dept Store . do pfd xHanna Co 1st pfd . Hartman B Hawaiian Pina Hare Body Bid (Asked Llttl. SECURITIES I Bid B.7S share Asked"" IlO 03 Industry 34 87 to truat share .. ..'u'.Wt 33 37 to .... 62 B w eerie Investment Bherea Corp ,.37 35 138 35 Corporate Truat aharea ... IIP 7toll 13 Basle Fixed UTILITY . TRUSTS lBid part) Him Oil Martin Coal Pfd. . 39 , .. . 1000 National ... . Mrer 000 Ophlr Standard ... . 5000 Maud 10 000 1000 1000 1500 1000 000 200 1000 500 Park Park Park Park Park " City Coal Bars CLP Sterlet S superpower SHARES . 14 174 Int Print Ink xlnt Ry of C Am pfd lift Tel ft TeLk. . . . Interstate I7pt E.ores 73 CORPORATION I Bid iAker xJenes ft L Steel pfd K ansae City Bo Ry Kayser Tire I::3015 .13 .17 .31! 13 .23 Kelaey-Haye- 7.. 300 Utah-Id.h- o Sugar Com. 30 Utah-Id- a. Bug Pfd... 3000 Virgin Dome Oil 25 Weetland Oil'-- . 1000 West Bower 1000 3000 1000 300 White. King ... Western Ventura OH.. Wvut Oil Tenkee Mine S. C. M. I.. 50 1 6.00 WE WILL BUY 5000 Ashley Valley Oil. .Offer 8to-- k 04 4 1000 Baaque Mng 1000 Bingham Standard ...Market 2 00 300 Baldwin Badlo Lead . . .14 50 Commonwealth 40 Deseret Irrigation .Offer Stock 3000 Diamond Oil Market 7 00 1000 Elk Club Bde... 5000 Flak Ophlr Market .03 '4 000 Olobe Mng 100 Ounnlaon .40 Sugar . . .04 1000 Indep. Oaa Ac OU.. 3000 Jumbo Pia.ter ..10 300 Koyle Mng. J10. .OT 1000 Little Flower XI '4 1000 Lynn Big Six 1000 Lake of KUlamey 100 Mutual Goal 55 300 Mutual Creamery . 140 .0.314 3000 Mutual Metela 2000 Mltton DM. 05 3000 National Merger . 300 Nathaniel Baldwin 300 3000 Ophlr Standard Market 1000 Peerleee Coal Offer Stock 15 3000 Park Gelena 1000 Sprue. 8tand.nl D7i .40 500 Standard Coal ... .... .... .... ... 100 s Star of Utah .... 1000 Silver Circle 5000 Buper Dredg. ... U'i .Offer Brock 2 75 S. L. Stock Varda 1000 8. L. Stork Tarda Bd.. Market .07 3000 Spruce Lead At Sliver.. 100 1000 3000 - 10 10 Tenabo Ttntle Ophlr Utah P. At Lt. Utah P At ft. 5 Utah Fire Clay .03 'V 1. ...10 ...... 04. 50 Kreuter ft Toll .... Krorar Oroeery ... Lambert Lee Rubbar ft Tire Lehiab Fort Cement xdoVd Lehiah Valley Coal do pfd Leon ft Fink Prod Ligeett ft Myers Tob do B L'raa Locomotive M Liquid Carbon.o Loews de pfd do pfd ex war .. Lone Bell Lumber A Loose WUea Biscuit Macy Madison So Garden.. Macrae Copper MalUnaon Manhattan Elec Sup Manhattan mod std. . WILL SELL 040 Independent Ou OU 350 International Air Brake 500 Flak Ophlr Marmon Motor . Malhieeon Alkali May Dept fitorea Maytag do pfd war McCrory Stores B McKeesport Tin . McKesson ft Rob do pfd Mensel Mexican Beaboard OU Miami Copper .... .0514 .12 Michisao Steel 10 11 ......... ICO 100 103 3300 500 1000 1000 125 5 1000 Utah-Idah- o Sugar Utah Ore Sampling Utah Oil Rellnlng Utah Peruvian Western Venture Wvut Oil Wat Bower Westland OU Z. C. M 1 Tlntle Bower Ward . Man Motor Car ... Mother Lode Motion Piet Capital Moto Meter A Motor Prod Motor Wheel , Munaingwear Murray Corp Aa ... Nash Motors xNash Chat ft St L National Acme stp Hat Air Trane Nat Bellas H- -8 National Biscuit ... Nat Cash Rectater i Nat Dairy Prod Nat Dept 6tores ... Nat Distiller Prod . do pfd Na Lnam ft Stamp, x.iat Lead pfd B ... Nat Power os Lt .... .... .... Nat.onal Radiator .. do pfd Co. National Pupp.y National 8uretg National Tea IlOO 1000 1000 500 lOuo 500 3006 100 50 500 lOuO 1000 500 1000 1000 1000 ........ ft N Y Out Wev N Y Rys Corp pfd xN Y Steam $7 pfd Wasatch 5733 A ConAPrvstive House Snltg 3 & Co. Owena Paetfie Pacific x Pacific S1t as ronremtng Inreatmentt. We radib the ftork market earb sight at 45 aver KKL. A COSTS Si CO. CnmviUW Broken. Ho.m 0C30C IOOOI Bot tie .... Oaa ft Elec . Lisat .. ... Tei ft Tel w. Packard Motor ..... Pan-A- m Petroleum . do B Para Famous Laaky Park Utah Mlnea ... Pa'he Exchange Patino Mm ft Ent . Peerleaa Motor Pentck ft Ford . .... Consult LA Waaateh 7073 j ous Elevator Ous 8teei . ...r.... final od Bldg. Sales Manaser' Vest 2nd South - pd Omn.bja Salt Uki rto.a'Mnu-Wi- r. Davies, Badger do pr Co. Wasatch . . . Western dOiCOtlV PAT La Costc and .. North American .... 00 pfd North German Llo?d Northern Pacific ... do ctia Oil Weil Supply ... Oliver Farm Brokrragf MR. GORDON REYNOLDS rt ft Norfolk THE ABOVE PRinrt Rv VET, BOTH TO BUT AND SELL ' ... Nevada Coo Copper. Newton .eel New York Central .. N Y Chi ft 8t Louts N Y N K ft Hartford Mike Bid 03 04 50 07 00 00 Ashley VallT'. 100 Amal. Sugar Com.... Amal. fcurar Pld....,..Offor It .67 Elk Bonds 04 Falk Uinta 13 Flak Ophir Glob Mining ,6J ladepandent Ou Sr Oil .04 .10' Jumbo Plaster Kouold Mines ..... .. .Offer Ii Lake of Kliiamejr. , ..Offer It .07 Llttl Flower .00 1 Mutual Metai .... Mutual Creamery . 150 Mutual Coal .45 .02 Mitton Braley ..... National Merger . . .05 Peerless Coal .10 Park Galena ...... .16 Silver Age ,01 .07 Superior Dredging 8 L. Union Stock Yards Bonds Offer If .. do pfd t Montgomery WILL BUY 1000 - 100 50 500 500 500 Pet , xMStFftSBMn Missouri Kan ft Texas Missouri Pacific .... 10 1000 U. 8. Fuel 714 4 00 5 Z C. M I 10 Zion'. Bav. Bank . .Offer Stock II West ln4 Swath 113I 112 113 12 83 46 85 83 112 to 137. 101 47 31 81 34 82 48 68 34 111 133 101 43 32 33 35 12)I134 113 39 15 14 177ri74 176 3 45 85 108 36 86 86 34 84 33 101 81 I 46 11 48 13 68 10 108 78! 35 iR 26 36 47 33 70 80 47 143 34 31 44 42 83 85 112 33 4 44 61 30 18 13 ji n 104 69 185 110 98 65 15 47 16 91 61 41 37 48 40 35 i87 30 120 88 66 15 48 16 82 61 42 38 48 48 35 85 i 16 31 40 146 14 148' M 60 107 31 39 39 80 53 04 58 33 SI 16' 98 10! 59 83 378 16 35 70 25 12 83 1147 8 25 89 63 98 59 5 93 33 16 25 63 8V 34 13 92 147 44 93 148 44 108 101 03 200 18 85 25 33 4 300 Si 16 88 32 90 34 35 39 66 35 31 . 33 1 100 8 70 64 80 39 98 300 35 64 83 20 30 30-- 70 to 53 60 38 48 43 112 33 1)4 33 4 3 67 110 68 14' 88 57 68 95 15141 0 112 35 114 2 3. 31 63 30 1, 134 8 45 4f 134 45 57( 6791 13 93f 42' 90j 80 110 227 225 1 r 35 30 21 1118 6. 1310 (146 109 j 35 43 110109 35 6, 25 l! 3 110 30 110 4 349 249 58 146il44 3, 1 52 3i 63 7 111 13 100 1, 19 39 16 55 10 93 2 8 1 391 16. 45 l! 79 n 1 HO 349 145 63 63 62, 53,'in in 108,108 19 10 36 a! 38 I r 54 02 54 92 8 i391 j 43. 79 j385 45 76 68t 95l,18084 1i0 5198 137 . Penn Pnn R R Texas Gulf Su Tex Pac CoaJT O Texas PaeJnd Tr nw Mix ThpeTps-o(JR oe Water Aajoc Oil do pfd Tide Water Oil . Timken Dt Axle Timken Poll Bearmg o pob.eco Prod do A do A etf Tranacont'nental Oil Trico Prod . Uwdrrwood Elliott M Union Carbide .... t Union Oil of Cal Proolea Chirago 08 ft Eastern ... Prona aPer Marq pr pfd... 19 2. 13 7 1 1 tiHi-ir- !4 .1M 7 47 30 j 32 lr'llSto 47 3W - It SI 33 30! nVbl 67 27 r 80! 158S9 19 119 163 !42 ll? t 17 11 nx N U 31 17 15. Yl 185 I 34 17 15 f 24 93 184, 3 24 3 94 18i 33 94 91f 84 .4 01 3 80 80 y; 6 58j 57 58 387)107 il95'196 I 140V140!140 2 33 74 44 68 83 00 83 76 s 11 41 iVl 72l 32l 43 I ioj 4! 3 61 44 2' l 54 I 32f I ioii 51 r -- 1 186 flM 4 85 72 33 5! 83 17! 45 II 36 38 30 107 10! 07 107 07 -to1 61 44 33 43 58 ia 61 n4 93 83 44 36 Il0 07 4 40114 10 108 164(216 101 47 83 200 00 195 20! 40 Jj 69 3 13 61- 44 8' 21 4 44 3041 28 3! 98 1' 92 21 93 3! 64 1114 108 207 I 47 1197 1193 40m 87 37 44 31 44 37 98 83 91 1114 1084 Twh, Rush for Reinvestment Not - Visible on the ... . Surface. BTEOM BELLE B. by the Consolidated Press NEW YORK. July 3 -- The course of the bond market and th volume ef new offering have been watched with unusual Interest this week for evidence of the effect of B, (Copyright. the 74! 93 311) 5 46 6 71 34 4! 2 " 41 44 1! 40 15! 42 8 loiViniHhoi reinvestment mid-ye- ar de- It thia buying has developed to any ex ten ft y has now bocn visible on the aunace. or else 1 is being ojscurrd by the infuse ecvivuy In the s.ock market Thus the siua.ion in this reapecw at kast. is quite parallel to that wLneaeed last March, when the speculative boom drew the line eo aharpiy in favor of sharo equitiea against -- tafiflmgr be ylai. aecurlUea of new high averages The establishment for railroad and Industrial stocks is havIts natural effect on the psychology of ing the Investor. He apparently still ia willing to overlook safety of pr met pal and income for th more tempting "risk ' of quick and Mg profits. There is the situation today of e an excessive demand for stancommon stocks which dard dividend-payin- g are daily reaching new peak price, in marked contrast to the relatively depressed level for sound mortgage bon (tissues, but a broad demand for convertible issues. Demand Barely Develops at Oaee. traditional Perhaps the reinvestment demand will materialise over thr next lew mamhfc- - 4 rarely develops-- st once. At leas this is the opinion expressed The belief Is strengthby some authorities ened by reports that investment dealers re dressing up their shelves with attractive issues, notwithstanding the prevailing atagnacy Thege distributors apparently that a definite chance in the trend of bond prices will develop early in autumn or sooner, and one cannot dispute their claim Boad prices stIU are low. measured by average prices. Early In the week the com posite figure for forty repreaentative listed issues was practically back to the low point of the year, having canceled aU the gain of June. There hag been a slight improvement since then, due largely to the relaxation in niortry rate, winch came sooner than anticipated. The average, however, is still approximately 4 points below the level of a year ago and under any point since 1838. Prices ore attractive enough to interest the individual buyer, but dhere ia no Interest in bonds fxeept on the part of relaOn cannot distively lew institutions. pute the fact that sooner or later banka and trust companies which are restricted in ther purchases by legislation will have to coioe into the market as buyers. The same might apply to individuals who have reaped tremenoou profits in speculative ventures, but only at such a time as they believe a Situation is arising that might bring about a drastic readjustment ( stock valuer Old Idea of Decline Shaken. For on thing, the old Idea that when lock pr.ee to up, bond decline, ha been panly shaken this week, 'ihe market has shown more stability in tha face of such a circumstance than in a Ion period There has been no real pressure u sell at current ft thouttn--there guotatous--wvei no par- ticular eaterne&f te acquire bonds. Tha better grade of moftgasea appear to have turned upward, allhough there has been no well defined movement 89 that direction. This wees a flurry in call money rates had a temporarily disturbing effect, but the Stringency quickly disappeared. While the movemen. in oonvertibieg has monopolized interest on the stock exchange, the government bond section has shown evidence of d improvement. The position of these ia distinctly ahead of that of Other huh-graobligations Every government issue is selling considerably above th recently established lows on the decline, while the averages ef high-gracorporation mortgages snows these to be near the bottom of the downward movenuait. New corporate financing this week was extremely light, due, of course, to the holiday Tnursday. Municipal offerings, in th.s conn re .ton mosGpamaU sued, have made up the large aggregate. It ia Inter-ext.n- g to point out that long term state ana eivc financing during June was the largest lor thia month in any year since 1834, with a single exception for 1927. For the first six months, however, municipal bond floa-t,oexceeded 1700,000.000. but were approximately 170.000.000 leas than the figure for the same period last year and considerably under the output for any corresponding half year since 1873, 47 it 1033. mand. Nevada Mines TOO 194 40 85 37 49 20 43 37 98 New fcote Crescent dome, secthm- eiflicuuy being made, after overcoming well. Botin caused by oil' bailer lodged Greek dome, section tomed at around 1500 feet. Company anot Moab district. Shut in. apuc-de- d, be wiU aoon weil second nounce No. L. that John section Shafer and negotiations are under way for the first flank well on Cane Creek dome, a mile north of discovery well Abandoned rig and casing already in field. 4107 in and plugged at salt. feel. Bettomed toPBP-ronde- ll No announcement of further illicit jwk . BrqadeBGtt-von gram on Can Creek dome ha been of- No. I. Crescent dome, aecuon e Oil company acreage. SpudCrescent-Eaglficially made. beeu King No 1. Balt Valley structure, aectkm ded to 100 feet. Announcement has bersi Running casing to bot- made that new lease agreementbe ha resumed tom it 3780 teet, preparatory executed and that cr,11irg resuming drilling. Well ia bottomed id cavey ahae. at once. WeU No. Caatlaental Oil CehTbaar Well No. 1, Phillip Fetroleeas CorporatMw 1. Barrier Creek dome, section Boundary Butte structure, section Unoer-reamtn- g lower sod recement 6 to- -1 At last report was drilling at around 52 A taco easing at 50 IS feet, te shut out new feet, in Penmy Iranian formation, atxt flow of water .before drilling peeper. penetrating numerous gas boriaoua, Wallers Crwde Oil Cempawr Well No T, Canilaeatat OH Cpanjr Santa Fe Off Cisco Epriuas structure section Cemt-saRattlesnake No 17, section Ten-inconductor pipe cemented at 100 dome. Nea MeXiCO.'Wti m irs fret to shut out surface water. Drilling to fromKa.tiesnaae aoutneast corpcr ot Ulan Making u, be resumed in few days. excess of 90 barren ot Ui.rty-tah- t gitv.j o,l trom sqnd at 871 feet in Penuyvaa.n Be wider Knell OR A Gas Ctompaav- -r formation. Water flow aboro o.l sand Eudter No 1, Boulder Knoll structure, aec-ti- ci easing, and well ia on production. Six-incasn set at 240 feet and shutoff of water effected. On CataradoUtah Oil Coatpaay Neal dome bole ran crooked and has resuming drilling, i.ve been plugged to bottom of casing to test, Pennsylvania formation, situatedrilled miles north of Vernal, which being lbimiiTr Kiieh iw 'pii Bgruae lime Creseeat OH Sradieato McCarthy No. 1, Idaho, drilling around 16uU feet, hard formation, several good showings of oil and From present indications, it is begas lieved they are very ciova loXirst sand. , COTTOS MARKET around tne aecond aand should 1009 feet, and the mam sand, Pennarivauia, t NEW YORK, July AP). The general about 2306 feet, at cotton market cloeed barely steady, net Dog Valley teat, Spahr No. 1 Tertiary unchanged to seven point lower. formation, situate seven miles southwest of Futures closed: Vernal, on Victory highway, which is be-iCloee. Prv, CUe. High. Low. drilled by Western Venture corporation, Jan ...18 49 18 38 18 46a U 47 18 57 is bottomed at 1410 feet. 8everaJ good show61 18 50 16 50 18 80 18 68 ings of oil and gas, and from present inMarch ,.! 18 60fc 16.61 18 85 18 53 16 6? dications they are getting very dote to May 18 03 '.17 03 18 00 18 00 main sand July Drilling has been shut down Oct 016 32 the past two weeks, but wtU be resumed ,.18 34 IS 25 18 Jin 16 10 1627411830 n8 30 Oct. again at wet and the well pushed to rtab tea there OU Cempaay-rtaflates Compear Frank Edgier . 24. Frence. v b.1 on bans. 4 79 demand- - 3 cables. drm-'n5 33w: crblea, 5 23 Italy 13 871. Demands Belgium. Germany. . Hnl'-nd23 78-40 11. Norway 34 92', Sweden. 2678 Denmark. 36 14 43 Greeoe, I W', 19 8ain. 1 . C,rt'o-8lni- it Poland II 14 C7 Rumnl Jnensiavia. 175 9Fent ne, 4 n Rrosil. ft 7 44 70. Shanghai, 67 85. Montreal 99 25. atxty-da- 90. 27, 4f. 61; Atr. OU Re- No. Cane discovery ecU 1 ' rwi ' ,.,UJ3 Dec 18 54 18 40 18 53A18 64 18 Opening" January 17 83: October (old. October (new), 18 19, December, 18 May. 18 50: July, 16 53 18 Mi 18 30, 43. Diamond Oil Company 3bsejstIB'1dtfrgF-fiel- d superintendent of the Diamond G.1 company, in charge of its well at Dimoa4 Fork canyon, repoited a tight water shutoff at approximately 385 feet last Mon dry well at th time was bottomed at 450 feet. It ia expected with a dry hole drilling will progress more rapidly. Report from the companys Virgin field. In Washington county, Ltah, indicates the company lessees are putting six wells on pump and are finishing the seventh, and that the refinery is being prepared lor early NEW ORLEANS, July 6 f API Cotton futures closed steady at net unchanged to three points down. Close. Prv. else High. Low. 18 35 18 30 18 J5 Jan 18 38 March .. ,.18 51 18 39 18481 44 18 54 ..I ...1654 13 May July . Oct Dec ,..18 .18 30 18 39 114818 49 181011111 1619 18 35?18 36 130. March. 18 38 1801 16 00 16.29 Openinv 18 lb 18 54 1810 18 19 18 30 18 43: January. Mav. 18 58 hid. Julv. 16 00 bid; October, 16 13: December. 18 31. Enot cotton cloved quet and unchanged: aaica. none; middling. 16 39. ... ........... J 1 liUJ.Ui v4 GALVESTON. Texa. July 6 f AP The soot cotton market closed aeed to five down; sales, 300 bales: middling, 1135. LIVERPOOL. July 6 f API Cotton, spot, prices lower American strict good 10 45: good mlddltn. 10 53 atrirt middbng. 10 83; middlin''. 10 15: strict low middllna. "8 9: low midiMn. 9 55 strict 6 15: good ordinary. 8 75: good aaes. 5000 bales. Inctudtae 3300 American: none: fwturea Oosed barely terf. roipt. July. 9 73: October. 9 A3 Dember. 9 86; January, 9 66. March, 8 76; May, 8.71. quiet midden. CHICAGO FOTATOEA. CHICAGO. July 6 (U. 8 Department of Potatoes 38 ears; on track. 159 cars: total U. 8. shipment. 1220 cars: new atock tradini rather !ow: market stead southern sacked Bliss Triumphs, IN THE SELECTION OF .YOl'K INVESTMENTS . PRINCIPLE AND SAFETY Should he the Flnt Consideration "Our record of 12 'year without a loss to any investor Is one of your big behind our safeguards Arir ulturel best. blers, - ?33 3 $4 65 on- 64 80. Virginia barrel Irish cob- CtEA COf'EE NEW YOPK. Jul 6 AP. The weekly statement of th New York clearing house shows: To el surplus and undivided profits, 0 V)0; increase. Total net demand deposits leverage), s Time deposits (ave933730 000 rage), 988.177 000. decrease Clearing week ending today, 39.051.908,- Clearing week ending June 28, 36435.111,-07- 1 FIRST NEETGAG8 LOANS, rt UtlORANUPCr - Celarings this day, 91.835.512487. TRUST COMPANV FLOUR. Cor. Main t Broadway, Salt Lake City, Utah. Waa. 3). Flour. 30c MINNEAPOLIS, Julv 8 (AP) hteher: in carload tots, family patent quoted at I? 65 7 79 a barrel. In cotton S8fka Shipment '24.795 barrels. Bran. 823.004(23 50. ease 4 OFFICE AND WAREHOUSE 2 floors and good basement, West 2nd South. 16.200 square feet floor space. Otis elevator. O. 8. Xu trackage. . STORE AND LOFT Suitable 141 E. 1st 8o.. 3 stories and basement. tor automobile shop and salesroom. Alley and rear entrance. Otis Auto elevator. Steam heat. Owner will remodel to suit lessee.. 335-- 7 MANHATTAN, Nev. Considerable excite-tfie- nt was occasioned here this week when it defin.tely learned that the William Patrick Mining company, operating west of town, had opened high grade In its vertical shaft at 205 fret aepth The south wall of the shaft is in high grade, wbleh has been penetrated for two and a half feet The formation Is a white quarts and values are god and silver With a good percentage of lead. At the level last fall sixteen feet of gold ore was opened n a drift that averaged 115 per ton gold, it was then decided to lower the shaft another 100 feet and exwa tend a drift to th northeast to eut the downward extension of thia ore; now at 205 feet an entirely new ore body has been exposed on tha south aide of the shaft, the ore being of entirely different character than that found on the level, and decidedly diiferent than any ore ever before discovered in the Manhattan district From level down high grade chunks the have spottedM the formation, but it was level waa reached not until the that a solid body of the ore was opened 6empies from the new find assay from 8500 to 1800 per ton. f The operations of this company hare been tomg forward for the past two years with the very latest modern equipment, and with very little publicity, and for whch there is a reason, The reason being that it ia a closed corporation, all of the stock being owned by four Indianapolis men and none ha ever been offered the public at any price. Roy Fuieher, on of the four stockholders. is manager and personally directs operations. Motor Meter etfa ... 17 Poor ft Co 28 4R Sharon Steel Hoop 38 Ppark V'lthnjt new 27 Sterling Bee A ,. . do pfd 15 , Un Gas ft Imp w I . 47 do pr pfd . . . . 93 Warner Broa new . . 57 43 ... Briggs Stratton 118 Bristol Myers ' 40 46 Int Hydro Eiee .... U S ft Fgn . 01 63 14 Tob Prod ctfs A.... 13 18 do A ctfs . . 18 United Carbon ,, . 07 91 -B ft O Full Pfd .. ... 4 126 125 1126 If the expectations HtoWTHORVE. NeV M Spencer KcUoax rts t 1! of J. Albert Harley And associates, are re1 2$3 237 Can Pac 1st pfd 233 alized. the historta short city of Aurora, Grand Stores pfd 11)7 107 105 famous the one time home of Mark ' xActual sales Twain, will be revived and once more become a live camp Harley is now engaged Total sales. 1.586.300' previous day. 3.747,-64in sampling the Black Haw group of dating, week a?o, 1.995.770. year ago. 064.40.7: January 1 to da.e, 547.377, 760. year ago, .owned by the Aurora Mining company, to 4J8.2a3.800: two years ago, 292.705.000. determine the extent of th ere bd.es 4 known to ex.st tn the property. Charles 8 Johnson, Harav Jensen and George F EARMSGS Lelly of Portland. Ore , are also at Aurora samplins their claims with a view of startNEW YORK. July 6 (AP. Earning per ing operation!. common share were reported during tne TONOPAH. Nev Bullion production of week by coiporationi as follows the Tonopah Extension Mine for June wa 1928 Corporation 40,200 ounces of gold and silver, valued-vf- t Crane company $27 400. Year ended Dec. 31 $2 80 With the opening of new ore onthe 1880-fo- ot Pittsburgh ft West Virginia level this week, the management exRailway , pects to materially Increase production Year ended Dec. 31 8 74 the next thirtydkya. Pour feet of within 1929 ore which has beenpenetraed for sixteen Co- .feet has been exposed on the 1980 This Nine mos. May 81 1.54 ia the downwafd projection of tha ore on Consolidated Gas, Electric level from which the ore fed the 1540-fo.e Light ft Power Co. of to thejnrfl is now com int. ie are improving aa we o to values Year ended May 31 hansing wall.' said Senator Fcd L. Crown ZeUerOach Corp.- Cole, who is In charge during toe absence Ye&r ended April 30 f General Manager Ktrchen Hart Center Co. The new discovery te approximately one 8lx mos May 31.... .... raile west of the Victor shaft. International Utilities Old timers of Tonopah haves seen too Year ended April 30. nd listened to too many tales many boom L&ks loundry ft M: ef nugeet big as peas.' "streaks of pure Six zaoe Apr! 30 28 chunks of Dative silver to gold." "groat Naah Motors-become easily excised or to hastily desert a Six moo. Mayft 4 25 poker same in the Tonopah club to NauonatBt&ndard Co so and0 see or even listen to some new 3 26 Daotmoe. May 21 gtrlke ifie Telephone ft Telewas However, considerable interest Co graph aroused Tuesday when the reported strike Five mos Mav 31 4 73 on the 1000 of the Tonopah Extenson Mines Rath Racking Co company was confirmed by Fred L Cole Year March 31 who to in charge during the absence of United Fruit Cos John O Ktrchen. Six mot June 30 Downward protection of ledge on the Wesson OH ft Snowdrift Co. 1531 level penetrated on the 1880 level Into Nine mos. May 31 22 the vein sixteen feet, showing four feet Lam Young Spring ft Wir-eof ore that la expected to Improve to the 4 CO Six mo June 80 wire value as in the upoer morklngs As x Increased cap.talixation. soon as width has been determined drifting y On class B stock will be starred In addition to this good news for Tono-pr- h. FOREIGN EXCHANGE. it to renorted from a reliable source NEW YORK. Julv 4 HP -- Foreign exthe Tonosh Bvlmont has opened sx that change steady, quotatons (Great Bntaln feet of hWh grade, but on what level or in dollars. ofhers m cents in what shaft has not yet been announced. t Brits a. demand. 4 84: cubViu 4 17Vi 414 33 17 15 . DRILLING. LOGS b t 7 14 120 113 I 77 47 03 I 47; 06, 7ii8 1147 l47 15 65 47 UANGBACK DISPLAY ROOMS front on RichIn hew Deseret News Building, ards street, big display windows. 4000 square Teet floor space, high and light $150 per month. ot Central Trust Company TRUST DEPARTMENT Main at First South 8t. Telephone DRY GOODE, , NEW YORK. July 6 API Cotton goods. Raw Ux sUk. unchanged. Fall Quiet merchandise selling more freer. printed tweed effects doing well, and the trend to ie metallic silks for formal weer quite Strike threatened in Calcutta bur-- P A ills due to longer working schedule, firm. New lneg of tropical worsted oeink shown for 1938. 'asket Wwalch 455 Salt Lake City V SEASONED INVESTMENTS r (131 79 28 48 (105 44 51, 6 .... 46' 20647 ' 8 100 Bendlx Aviation 1233 13 36 35 39 8, 39 39 48 113 211 307 23 133 1201 nv-39, 76 28 6 49 43 2 106 106 1J 45 43 10 118 118 34, u8 5 7 to 3 1 15 15 1 123 120 2 1U 112 43 78 4 72 47 321 1 08 21 15 63 47 43 it5vm'm .... Col Oas ft E) rt .. Col Graph rts . Continental Oil Gen Pub Sve . . .. Granite City Steel Househoud Fin pfd . Minn Mel Imp do dv pfd 140 114 4 3 53 19 133 45 67 02 30 4t 3' 1 88 15! 50H 4 15 141! 88 34! 47 1 43 . 4 31 35 I ' 40 43 113 33 9 3 66 49 S 11131 Western Pacific xWt Fean El 7 pet pfd xdo 6 pet p'd West Penn row 7 pet Pfd xdo S 1! .... ..... s 26 Vi Wesson Oil ft Snow . Weapon Oil ft Snow Pfd new . . Weatn Mrrylend .. 39 74 74 78 78 73 to! 74 to 106 1100 7 7 61 17 18 17 I 83 83 345 346 130 131 86 84 White Sew Mach Wilcox Rich B Willy Overld .. do pfd Wilson pfd Wools orth new . , 01 64 Worthington F ft Mch 644 Wright Aero .. Wrigley Jr Win . . . 75 7' 78 75 5! 75 Tale ft Towne Mfs . 75 75 Yellow Trk ft Coach 62 41U 41 u I 60 S 69 Young L A 8 ft W . 69 144 Youngstown 8 ft T . 9 ,143JM3 LATE QUOTATIONS. 38 100 69 53 80 1( 39. 6 331 39 3! 6 27' 75 61 79 23! 74 10 100 341 6 8' 51 8 17 8! 75 62 19 247 . ... .... ... 16 88 35 39 34 35 89 54 34 14 . pet pfd .... Westn Union Tel-- 1 Weatlngha Air Brake Westinvha FI ft Mfg xdo 1st pfd Weston D Imtrumt Westvaco Chlorine . White Eatle Oil .. White Motor 13 44 44 3 103 IT 89 . Vanadianm Corp .. . Ut pfd Vn Vick Chemical 8 3d Vir Caro Chem . do 6 uct pfd . . xVulcan Detltming Wabash Ry .. .. Waldorf System Walworth Co xward Bak A .. .. do B Warner Plrt pfd Warner Ouinlen . Wwrreix Bros- -, 14 40 50 3 Vadacn 91 51 41 38 48 48 35 35 103 21 ? 4- 16 47 85 79.148 4 14 l! 51 30,108 111 48 73 1108 88 185 119 98 55 Thater Q Plate Glass .. Btewart Warn Speed. Studebakeg Bun Oil xdo pfd Superior Oil Superior Steel Symlnrton A ....... Tenn Cop ft Chem... Texas Corp Union Pacific .. .... United Aircraft do pfd United Rtseuit . ... United Clear St ... United Corp ..... . do pfd Tta El coal vt efi ... United Fruit .. .... U 8 Cast Iron Pipe do 1st pfd U S Dtstrtb U S Indut Alcohol , U 8 Leather . . . U 8 Leather pr pfd U 8 ReeHy ft Imp . IF S Rubber v . . r.v do Ut pfd U 8 Smelt ft Ref ... U 6 Steel .. do pfd T7 S Tobacco . , ... Untv Leaf Tob .. . Util Pow ft U A ... 45 33 8 110, 88 Phillips Petrol Ptercw Arrow A , V 34-- SI 53 33V 3 2 3 Piercg Oil ......... 4 4 3 4 Pierce Petrol ....... 171 43 67 PiUabury Flour .... 83 62 63 Fire U i; 85 65 6b Fituburgb Coal .... 34 24 24 Pittsburgh Term Coat 13 11 33 Porto Rio Am Tob B Postal Tel ft Cable 7 pet pfd 103 103 103 I 76 Fostua 784 605; 79 4! 65 65 65 Prairie Oil ft Oas... 58 69 Prairie Pipe Line... 3 80 1 16 17 46 Pressed Steel Car .. 49 30 43 43to xProd ft Ref 100 50 50 60 xPrephylactie Brush Pub Serv Corp N J.. 48 101 to 107 107 I i Pub Serf El ft Gas 1.108HT08S 108 pfd .. 38- 17 V 4 Puiim 67to 7 27 37 37 Pure Oil 10112 xdo pfd . !1211J 370 133 131V133 Purity Bak Radio Corp of Am... 4771 83 to do pfd B 4j 71 .. 163' 38 Radio Ketth-Orp- h 3 114 Reading Co 3 45 do 1st pfd 45 1. 47 4 do Snd pfd 61 Rea) Silk Hoe Millf.. 33 81 301 93 I 98 xdo pfd Remington Rand .... 113 99 i 37 14! 23 23 Reo Motor Repub Ir ft Steel. ... Republic Brass a. B.ynnM. Reynolds Tob B Richfield OU Cal..,. Rio Grande Oil ..... Rossi Ins Royal Bak Pow ..... Safeway Stores ..... St Joseph Lead St Lou 8 F Ry. ...... do pfd Snd pd .... St Louis Southwest.. Savaae Arms Schulte Ret Stores .. Seaboard Air Line. Sears-Roebu, ,il II iSiX 1M HOo Seneca Cooper 6 Shattuck iFO T1 17W'168I170 Shell Union Oil t! 38 26 28 ?! 42 40 fihufcertThMkter .... 40 Simmons .. SatfTK u4 tm 32 Stmm Petrol ...... 32 32 37 38 Sinclair Con OU .... 69! 37 42 to 8 kelly Oil 42 6i 42 1! 59 Bloat. Shaft St ft tr. 59 53 do pfd ...... Ili M 66 84 8nidr Pack pfd .... 231 54 64 54 South Cal Ediaon ... 84 63V 83 13 139tl38ll39 Southern Pacific . .. 3 149 148 Southern Railway ... 149 do pfd 95 If . 84 4i 41 40 40 Spang Chalfant ..... 11 39 28 39 Spencer Kellogg .... Stand Com Tob ..... 17 17 It 17 13 118 1116 Stand Ou ft 118 1! 83 do pfd 83 391 73 Stand Olt Calif 73 8tand Oil N J., 28' 57 57 8and OINY Stand 8! .733 ' 31 84 16 14 37 31 84 28 14 37 Si 31 6. 84 0 19 -- 5 H 13 33 5l 5l UW 28 15 15 It n,T Middle States Oil do ctfs ' Lynn 1000 Jumbo Piaster I. Make Bid 1 00 100 Koyt. Mining .11 500 Llttl. Flower .03 1000 Lynn Big Six 1900 M.pl. Creek Coal... Mak, Bid 000 Monarch Mlnea 1000 National Merger! .... 0 Pidncer Film Com.... 500 Park Oalena looo Park Standard 1000 Pneu. Brake. 5000 Price River Pet. 1000 Queen Either . 1000 Satina Lad As Ztncj 300 Sait Lake Union 8tori Make Bid Tarda 90 Seeley,. Land . A atock 3000 Sliver Banner ... looo Selma 1000 Silver Age 1000 Ttntle Coalition 1000 Tlntle Fagle 1000 Tlntle Gold Bug 7)0 Oeorgla .... Marland Oil .10 AntiFrlctlon Metnl... . . 1.00 Atomic Pownr .03 14 Auto ElMtrle Big...... . .00 Bavar Crown 100 Boyd Motor .22 Commonwealth Lad... .0 OK Diamond 1000 Elk Bond. M 1000 PrUoo Silver Load. .Mak Bid 0 Ornnlt. Lumber Com.. 5 00 500 40 500 1000 40 1000 1000 WOO 77 50 RALPH A. BADGER & Co. 115 114, 112 103 Kreage Jeue r. Badges & Co. UNLISTED SECURITIES 1 73 78 31 118 71. 5! 7l 28 35 lof 15 5 ..... Radio t.... Kraft Fhen Cheese ALL LISTED STOCKS BOUGHT AND SOLD ON COMMISSION DEPEND4NLE SFKVICE IN ALL t .14 1 80 80. 104 104 8100 It 32 84 48 71 349'353 lltol 11 101 43 33 83 94 135 Kinney KoUter Lorillard Louisiana OU Ref xdo pfd Louisville ft Nashville Louisville Gas ft Bi A Ludlum Eteel Mack Trucks .024 Pneumatic 4Wheel jM .14' Queen ftther 0C0 Silver Butte .05 4 1000 Silver Age .02 4 000 Belina Lead Ac Sine JO 3000 Selma . ........... 0314 400 Star of Utah 1.10 .02 4 000 Silver Banner 12 8 L. Preawd Brick 7 7 00 500 Ttntle Ophlr It 500 Twentieth Century ..Make Bid 1000 Tlntlo Bower .02 ',4 1000 Three King. .07 1000 Ttntle Co.1 .Make Bid 11 1060 Ttntle 1000 Tlntle Gold Bug Make Bid 15 Utah P it Lt. , .108 00 1000 Utah Peruvian' .02 100 Utah Oil Bef 1100 3 84 30136 Kelvinator Kennecott Copper STOCKS AND BONDS Member Halt Mkt SUcIt Exclung. H Wat 2nd South Wu.Uk 62 05i ..... . .07 H 4 Galena . 05 Empire, pooled . Pen-le.10 Coal. Pioneer Film Co ....MakeBtd 14 45, 70 4 1 13 301113 3 13 47 &4 83 80! 84 1,113 Wheel a Davies, Badger 7 35 .07 . 6Tj W 1' 84 3. 45 3 71 84 353 1) 11 1' 30 100)103 4 73 384 78 3i 33 15 117 -- 163 24 H U ....... Lot Ine ,.Mar!-e- Standard 8 40 8 38 48 03 34 do B do C Asked 00 144 M 74 33 BOSTON WOOL. BOSTON. July I AF). The wool market generally hag been alow during the past week. On a few grade there haa-hee- n tom bualnest of fairly ood volume. The ouutandma active lme were Texas 12 month aooL of which large iota were sold. The sraded wool linea. Ms. were th atrong-e- t In volgrade, and sales were moderate 0. but sales ume. Trade was fair on wera Inclined to be amall The 84g and finer wools were alow Frlees were about steady on leas active line and slightly firmer on some of the more active grades. 1 15 Eloww (any 25 104 37 8 10 46 to 133 31 7 38 l 48 1 103 6. Kimberlr-CUr- a ,.01 15 108 Indian Motocrelo ... Indian Refinuig .... do etfa Inland Eteel Inspiration Copper .. Intaxboro Rap Trana. Internal Avricul .... Int Bus Mach ........ Ini Cement Int Combust Bng ... Int Harvester Int Match pte pfd ... Int Merc Marine .... do pfd Int Nick Can Int Paper ft Power A INVESTMENT B. C. Davies Koyt. Mining Lvnn Bl 81 46 A5 18 108 76 3 45 30 38 Sv I 84 4l 18 8 107 ft Ir. BOND. BUYERS f 24 ... Truxl 77., Tw, Trust .. ... Continental National .. Deseret National .... Deaeret Barings Firm Security Corp .. Utah Saving Utah State National talker Broa Sion's Saving A Trust . Banker Columbia Insurance stock Tr. shares. Be flea F Key Industry Tr aeries H WE WILL SELL i y B Houston Oil Howe Sound Co Hudson Motor Car Hupp Motor Car Illinois Central .. . Independent O ft Oaa HoudaiUe-Herahe- BANKS . 225 2000 1000 53 7 31 61 56! 38 I 45 11 Dodge hiia BdgaCoal 4 88 58 78 61 32 39 53 73 61 38 8 18 4! Pivelp 108tojl68 Hershry Chocolate do evt pfd Hoe ft Co A Holland Furnace ... Common stock truat shares. Eerie A- -l Bank stock aeriea C-- 8 ... STOCXS AND BONDS '16 WEST 2ND SOUTH 2 IMto Pet MUk 31 203 83 185 77 83 188 77 17. 77 1 103 13: 34 48 m ia.' 3 1 Helm U CO. Nor . Oulf States Steel 0 & ft Gulf Mobile jjntniioxal RALPH A. BADGER .... ..... ....... pfd . o Schramm-Johnso- ....... Fleiachmann INDUSTRIAL. lower, leas favorable weather teports. Corn ooay: poor cash demand. Cattlesr. steady. 1 Year aso JHigfc, 129 Nemours xExehanse Buffet ... Fairbanks Mor Faahton Park Aa .Ttt. Federal Motor ...... Fidel Phnx Fire In. . First Net Stores LOCAL SECURITIES Pm.) Stock Irregular. Esitman Kodak aril above 300 for first time. Bonds irregular; convertibles rise in dull trading Curb irreaular; Aluminum soars 30 points to record price. ForeUu exchanges, steady: Japanese yea team rises 10 more eouiU. Cotton lower; liquidation. Susar-coffa- e, holiday. STOCK 0 88 33 32 75 301 1 BtiiauA K.(zk Eaton Axis A fpring Eiee Auto Lite 8U Power Lt fuk I YORK. LONDON, II AT A GLANCE. thi AiiocitiH Du Foot 46 13 .... (AP). Bar silver. July per ounce. 8 cent. Per Money, ' Discount 'rate' r ShorV hlQ,- - 6H49 14-1- 4 per cent, throe months. 9 per cent. 14 Dunhifl fitter Duplau 8Uk . do pfd Klee Btorase Battery. EndicoU-Johneo- n . Ensinters Pub Berv Erie II R Eureka Vae Cleaner NEW YORK. July Bar silver. AP) Mexican dollars. 39 he. Spell at Opening. uun Metal AP). tt, Increase in Brokers Loans Causes Short Sinking ... ; . New York Stock Exchange Transactions Metal Markets B0UGHT-OlH complete SQ lhi iruit Ktuvcsn u Edward L. Burton & Company'I, , ESTABLISHED 1SSS. So. Main. Was. 866. 4 Sound Investment Securities Bought and Sold ' RossBeason&Co, Bmow. rBttiUina SALT LAXE CITY It Pay to Buy Utah Mining Shares; Their Dividend Record Proves It. CHILD-BARCLA- Y MIXING & COMPANY AM) INVESTMENT BROKERS Phones Wasatch 4153. Wasatch 4154. Stock Exchange Building. Salt Lake City. Utah. . 31 Tear ef Knowing Bow. A |