OCR Text |
Show 8 THE SALT LAKE TRIBUNE, STTNDAT MORXDTG, NOVEMBER TOADEVG SHOWS DULLNESS ' Tintic Standard Higher at $10.75; Silver King Coalition at $10.25; New Quincy Closes at $1.40; 1 ' : Eureka Lily at $1.20. the United States Steel corporation and coast manufacturers believe an invasion of Oriental markets is next. Above, Columbia's plant at Iron ton, Utah. Below is the steel plant at Pittsburg, Col. i cents, s;cw WW. Argentine ur Bid. Areal Oold , Am Exploration An Metal Mln Co Beever Copper Bis Hill .... .... .... .... .... Cedar Tails , Central Standard . .... f.... Chlsf Can Colorado Con .... Colon rer oil .... Columbus Resell Combined Metals .. .. . .', Crescent Baale Croff Cross Point ...... ....... pix Butte .... Dragon East Antelope .... ....... . East Crown Point East Stsndard East Tlntlo Coal ....... Bast Ttntla Con - HEW YORK, Hov. 19 CAP). ver, 49 e; Mexican dollars, it .01 indian Ktnnebee 1 .01 .00 00 .10 .01 .01 .01 .49 .47 .17 .11 .01 .01 1SH .17 .11 :U t.M .S3 "8 .i .04 Vt .17 59 .41 .07 .01 'a .04 .Wi .97 ......; ...... .... ... .. Little Mar Mssnolia Lead :8 Mammoth Mason Vsllcy ill 1:8 ...... .... ... ... Lead .... ... .01 h Monarch .M Monarch Montsnt Bingham .. Moscow Mt States Pet .... ., Mountsln View .. .., JUHdrlver National Treasure . . New Bingham Mary ., Mew utner .... .... Kev Whit, Pint ..... North Lilr .... North Standard .... Ohio Copper .... ... Opohongo .... .. ... Park Blnsham .... ... .02 .60 .5 1 00 1.15 .04 1 50 .01 .01 .11 '.'6"' .OS! .ss l.JIfi . .ll .11 Is ..! .07 RALPH A. BADOER &C0. STOCKS AND BONDS 18 . J000 M0 129 1000 1500 1000 1000 . 1000 . 5000 J151 SS ' 1000 12S 500 110 1000 9000 WIST 2ND SOUTH Oil ...... Ashler Tall Auto Beet, Signal ..... Atomlo Power Bingham Standard .... Beaver Crown Benmore . Big 81k Oil Basque H.SU. Buffalo Con. Cottonwood Metala ... .oi .05 .00 , M", .02 M .07 .04 .00 v...., ......... ConWacon Diamond Oil S.0 . 1000 300 Koyle JP00 1000 MOO -- .03 i,l 1.05 ... .04, .15 ......... .101. ..... Sprue Standard 100 Utah Construction 1000 Vlnttn Dom, OH 1000 Whit, King J ; ,1000 West Bower .03 . ..i... ,1500 Western Ventura OH.. lOOO J Wyut Oil JOOO Tanks, Mines It, lot .11 .01 .07 .07 -- .19 .17 .04 .04 .11' 10.35 .1.1 ,0!4 .OS .33 .39 '.05 .04 .04 .MS .05 .19 1.90 .01 10. H .ov .11 00 '4 .01 .02 .01 't l.S7'i .01 10 3'i Mil .15 .09 .05 4.35 4.M .OIS .01 .05',J .09 .03 ,03'i .... .... zuma .04 SALES. " American Metsla, SOOO st !c. Bis Hill. 300 at 53c: 100 at 61c. Bonsius. 3000 at ISe. . at 7c. at Sc. StandardMi at 1V.C. Emerald. 1000 at lc; 1000 at lie. Eureka Bullion, ana at as: ana at ev.. 1300 at 94c, Eiirrka Lily. TOO st 11.39. Iron Kins, 100 si 50c: 500 at 51 e. Kearsarae. 1S00 at Sai loon at aif: 14,900 Central Standard, But Crown Point. rt 500 1009 1000 04 02 .13 03 .11 .I.....8100 CM. I. Atomic Power . f. 43 Ashlev Valley Oil 00 'i Six Oil Big .001, Blue Blase Coal 50 Consumers' Mut. Coal Pfd Offer Stork Colorado-Uta- h Oil Offer Diamond Oil 02 tj Dt Olorrla Fruit Co.... .15 Klk Club Bocde 96 00 Flak Ophlr Ogii Georgia Lynn .03'. Inden. Oaa Oil...... .0431 Jumbo Plaster SAN FRANCISCO. Nov. 14 (API tTnll.rf States Steel caulsltian nrf tlie flnlumhla Steel corporstlou Is retarded by west coast manufacturers aa offerlna the prospect, of expansion In steel production In the far vest to a degree which may make possible Invssion of oriental market. Ajioousn we voiumoia company srew from a ajnall Iron foundrv to a ftianu. facturlnt concern of the 450,000,000 class In two decadea. neither It nor smaller coast steel companies have been able to compete to anv sreat extent In the far ea.t with European plants, due to the dif .tl k.. at "'"" LOCAL .... .... .... Netson-RicCreamery .viiiFanr.. stlTTro JMra. square or flat, pound I .. Prune firsts, pound BOOS Fresh extra poultry farm, dosen. ' Selected white, dosen Mediums, poultry farm,......:......;!! doaen ........ Mixed CONSERVATIVE BKOKERAGE , v MOUSK colors CRtMI LA COSTE & COMPANY Suits Boston 3 BaUding ds, M f.Tf. buitacktn, I investments. We radio the stock market each night, t p. moverKSL. Phone Write Wtr, LA COSTE COMPANY Suife Boston in Inar1"- - mi iiiK"i'.,1,"e ' MSc: 87 score. score. 40c; COn S,c; M ' K0n "c; Prc " JJ0 ,,,k: eelpts one csr: sprinst 93c: No. 3. 18c; turkers MttlOc: No. 3 18c: heavyroosters ducks ..P?uliI'A"v23c: 18c: ?.OT -- Butter firm: 'h'sher than w 1 uwn-iasn- o o BONDS. Bid. c.r'"' ss lib 8 is 99.001 109 09 19.00 35.00 L ft Utah 1044 Sumpter Valley R ft 9a 1939- ivaj Livestock Bteptoe Is 8 LL ft Otden Ry 5s 1934... 8 Term So 9s 1933 Sprtntville-Maplaton Sutar 7. IOH.IQ.. Tellurlde Pow Co as'iiji'.! vtan notei 7s 1041 Utah-Idaho Sutar .. 1949 90.00 100.09 8.00 100 00 41.50 44.00 47.001 93.90 99.00 97.001 103.001 9a 1910- - Utah Lt ft Trao Co 9a u i'at Utah. Pow ft 00 as 1011 , Virtus ClUt Bids 4tta 139 99. 0W 1934. 101.901 1944J 90.00 100.00 IUO-- 1 J A'. BADGER & Co. tad levth Wasatch 3139 99.59 00 lt4 93.00 103.00 '"" IZ'ul Bid. lAsked" 300.001 45 00 80.00 1)9.90 142 00 105.00) 310 00 309.00 311 00 138.00 141.00 170.0O 185 00 33.00 305.00 103.00 305 00 344.00' Bsnkers Trust Columbia Trust .. ..... Continental National .. Deseret Nstlonsl .. ..v.. Deseret Savlnts .. ..... First Security Corp ..... Utah Savlnts Utah Bute National .... Walker Bros zion s Bavintt Trust. IHVESTME1TT BECURnTES. Bid. lAsked. Basle Industry Shares , 7.5T t.41'4 snares rrust 14.17H 30 11', rixeo do Series B . 17 .75 15 50 Investment ShaxAs Corn. 37 .25 19 33 7.75 Corporate Trust Shares , 3.50 American Founders 190.13K1I01.13M. U S X L aerlra A. 41.00 43.09 United Founders 41.00 43.09 rub uttl Holdlne Cora. . 35.00 14.00 U 8 Electric Power 35.00 34.00 0. 8. SHARES CORPORATION. I Bid lAtked. Common stock trust shares r A- -l ex-o- UNLISTED MU4INO Eureka Stsndard Mineral Veins . ,. North Beck . ... Three Ktnts . .. Flsk Ophlr Nstional Menter Antelope Mines . 19 m 31 15 174 10Tt 13 lit ISSUES. Bid. Asked. "4.75 14.15 .03 .05 .30 .10 .35 .07 .04i .03 .04 .05 .04 T CLEARINGS. NEW YORK, Nov. 14 (API weekly statement of the New York Clearint House .The " '"'' KANSAS CITT, butter 11c. Nov. 14 (API. Pcklnt CHICAGO POTATOES. Poultry, roosters 11c. Other produce unchanged. - ICAOO. Nov. 14 (API U 8. Denart. ineht of AsrlcultureL Potstoes Receipts, 90 csrs; on track. 384 cars; total U. 8. SAN FRANCISCO. Nov. 14 (AP). -- Buttershipments. 410 cars: tradint slow, msrket weax: Wisconsin sacked round 13 15 Sn'01"-?,- "" Stockton gj3.35: few (fsncy. 12 402 50: whiles, J. Minnesota. ir-Wi DSknfa aai.lr.ri rmtnri .h(f .OAnA A'rslisn 1 'Orth .fJi0", a.1'351 S; 10; sacked Red River Ohio s, 1 303 10. Potstoee Jobbtnt. Stockton. t3 352 43 few 11 35 South Dikota sicked round J00i whlnston terns whites and early Ohio's. J2 00.J120: Idaho MailrS sacked russete. 3 hat, 3 85, frw 3 00 l"' ' l: -- ' 50 50 40 50 - 7- Utah Power & Light $7 Pfd. ..$106.00 Idaho Power 1 Pfd 106.00 Utah Power & Light $6 Pfd. .. (Rid) Z. C. 5L I oo.(K) 8 Utah Home Fire Ins 303.00 20 Deseret Savings Bank 212.00 40 Walker Brothers. Bankers 205.00 40 Utah Fire Clay ... , 80.00 WE ..,.. tali-idaJMrgar I om.- . :., . . . 0 Amalgamated Sugar Pfd... . . $1000 Virtue Clift Building 6i:.s. $4000 Utah Light & Traction 8s. $5000 Utah Power & Light Deb. 6s. JUIK1. 1 OFFER Edward L Burton & Company Established 180 South Main WALL STREET TAKES REST 100. 001 107 00 9. RALPH 100 00 100.00 103.00 BAietta. Salt Lake Citjv Utah BROKERAGE HOISE LUmoer 1910-1- J1?" " Building 07 lAsked Amair Sutsr 7s 1937 103.00 101.50 1147 vuiumaia oieei 104.00 105.09 vans oiat ee iwu-,.lvwi IVJS 100.00 103.00 C!ht. Cam Xm tMi MutusT Creamery 1s"l930-13- l oo.oolouloo moier-o.anaa- 1999 Wasatch 868 . 1.20 02.00 ON BOND MART Heavy Selling to Meet Losses on Big, Market Results in Low Prices. to heavy Importation for stock In anticipation of tariff rate changes. Taking the geographical analysis of foreign trade for the first nine months,, both exports and Imports show increases in value to and from each of the six grand divisions of the Br BTBON SELUK. (Copyright, 1999, br Consolidated Presa.) NEW YORK. Nov. 19. In tbe midst of favorable conditions for a revival of bond trading and consequent advance In prices, the Investment market this week touched 1U lowest level since 193S. The explanation Is. of course, that forced selling to secure cash to support stock and to buy stocks at their new low levels wss too great for Investment buying to balance It, This waa true In every session of the week except that of Friday, when tha forced selling of domestic bonds died away with a rlslnc stock market, and bonds responded with a seneral advance. Seatfe American lasses Tend ta Show Streagth. Apart from purely technical causes, tha feature of the market was the extreme weakness In some South American bonds, particularly those of the Brasllisn coffee, growing ststes. and ef ths Brazilian gov ernment. Various projects to strengthen tha IntrlnslcaUy weak position of the coffee market have so far taUed and BratlUan financiers have met with small success In trying to float a big loan to stabilise coffee prices. The coffee institute Is said to be holding back the equivalent of a year's crop of coffee In the hope thst soma individual or eyndlr.ste win bur on the chance of ultimately realising a compensatory profit. The chances of this, with security markets a they are. and so many fruitful sourcea of speculation and Investment to hand, are considered nil. As a result, the obligations of Bratll and her states have been sold at nrlces from 3 to 30 below those of last week new low Cilnts vels for the year. Undoubtedly, also, iha weakness In cocoa ana runoer prices also export of Brazil have helped to undermine these bonds. Political troubles, together wtth a resultant shutting down of trsde. are blamed far the losses in Colombian bonds, which Wert brought out In excessive amounts In New York In 1971 and 1938. Other fore urn bonds ended the week fairly strong after touching new low prices on Wednesday and Thursday. German Issues were weak on Friday, following the of the proposed statutea of the publication International payments bank. The fact that the Nationalist referendum to decide whether or not the German people will repudiate the Young plan Is to be held had soma affect on these bonds. Bead Market h Oeed CeadlUea. For tha rest, tha bond msrket Is In a good position. Bond prices are pow low, yields are high. Money It cheap. Time money Is 9V per oent, wtth a slightly better rate obtainable In tha outside msrket. Brokers' loans have come down about 13.160,009.009 from their hlth of a month ago. And the scarcity point of bonds continues, with only It9.791.000 new offerings during ths week, against ISO.OOA.OOO called In the same period. The new offerings compared wtth I19.S99.009 last week and I7S.16S.0O0 a rear ago. New Issues included 130.000,000 Nickel 9 per cents, tl9.5O0.0OO Plate three-yeMontreal harbor commission forty-re- s r t per cents guaranteed by the Canadian government and a number of municipal and state Issues. The American 8uear Refining company called t5.OO0.OOO of ffltaen-ye- ar 9 Per cents and the Union Pacific decided to pay out of cash reserves S4S.000.000 of Oregon Short Line is, which it guaranteed. world. ' By major countries, exports in the first three quarters of 1929 compared to the corresponding period of 1928 recorded Increases in value to all ex. cent Germany. Italy, the Nether lands, Russia, the Dominican repub lic, Colombia. Japan and the port ot Hong Kong, with Sweden and Ecua dor about even in the two years. The figures of purchases fall to disclose reprisals for a domes tio or foreign policy of the United States, France, Belgium, the United Kingdom and Canada and other British dominions have recorded noteworthy Increases in Imports from this country, while ca as a whole shows a similar tendency. were larger in value, Imports, by the first tnree quarters or the pres. ent year than in the same period of 1928 from all major countries with the exception of Norway, the United Kingdom, Mexico and Brazil, with approximately the same figures in regard to purcnases from the Dominican republics and from Ecuador. With commodity prices as to exports practically unchanged from a year ago on the average, the increase in value ot exports means a corre sponding increase in quantity but the gain in value of lmpprts peints to an even greater percentage gain In quantity of purchases from abroad because or lower average prices tnan a year ago as to major commodities which are shipped hem-Racotton shipments are off this year, which makes a considerable hole in the export side of the story for this usually is the largest export commodity of the country. By the same token, gains in total exports mean heavy increases in foreign pur chases of other kinds, or whicn machinery is an outstanding example. Wheat. Including flour, and packing house products, are up, tnus balancing to some degree the agricultural situation as otherwise ssgged by Latin-Ameri- Turning to imports, raw silk has taken a heavy upward tendency in recent months snd again probably will be the largest item, in point of value, brought into the country for the full year. Crude materials, and semimanufactured products Im ported for use in manufacturing in the United States show heavy in creases this year and, together, constitute more than 55 per cent of all imports, in value, as contrasted with 54 per cent last year, which again emphasizes the Industrial activity which has marked the year in tne third quarter this year the pace set in the first but still gave more than merchandise exports to the finished manufactures group. On the Import side of the picture, finished ' manufactures likewise showed a percentage gain In the total for the first nine months of this year, contrasted to the corresnond-bi- g period of last year, 22.1 pes' cent compered to 21.5 per cent, some part of which probably may be charged United States. Cement 59 pfdl 101.00 105 00 goods. Tbe rower Lt 17 pfd 105. 00 107.00 did not keep uian do 14 pfd 99.00 101.00 Walker Bros D O pfd ., 97.00 9.00 two quarters, M. L . 1. C. 97.001 90 00 half of the Utah-Idah- shows: Tots) surplus snd undivided profits, unchansed. colors. Total net demand deposits (averaie), '.l,,..rJn; extra 5a0c'Mixed extra fir.t I347.178.00O decresse. J Time, deposits (averate). 18,494,000 Inn'irelected l!Vi""T I crease. 115 rest-- . and nesr-b- r clesrlnts. weeki ending today. 110,701- ,,lm to 47eV44c,m"T wbM 053.149. Clearlnts, week endlnt November 9, 111,- Cheese ttesdy: receipts 135.454 114. 314. ) 01 d"sd "t- ehante'dT' C'lesruiss. this dsy. 93.195.350,999. ex- 0, Bchramm-Johnso- l"- - 3 5c 98otre134c t!?&iiVS?- Salt Lake City, Utah Consult ni concerning ' . it ries H tJSXZJSS?' Wm. 5371 ' ' Plunge and Security Price Recessions Cannot Be Attributed to Any Slackening of Fundamental Business; , By HARDEN COLFAX. (Copyright, 1929, by Ui Consolidated Fress ABSoqyttlon). WASHINOTON". Not. has happened in the stock market and the recession of security prices cannot be attributed to a slackening of Industry and commerce as re flected by figures of foreign trade, statistics which always hart been considered a good barometer of the weather conditions surrounding' the lunaamentsus oi DUSanesa, High Interest rates have reversed the flow of gold, it Is true, but the situation thus created has failed to affect commodity prices, thus demonstrating that the demand waa for stock market financing in the main if not entirely. Exports of gold slackened In July, 1928, and the situation November 1 was that whereas in the 10 months to that date last year ex ports of gold exceeded imports by 421,0O0,00O, in the corresponding penoa oi tnis year imports of cold exceeded exports by $262,000,000. t MercnaiKUse exports in the 10 months ended October 31. as revealed by department of commerce statistics announced Friday, have aggregated t4J74.000.000 this year, tbe highest total for that' period since postwar deflation, while merchandise imports totaled $3,752,000,000, which sets a record. In Quantities, al even better figures would be shown. lor prices this year have not been high in any commodity ot major importance in international trade except copper. October exports toUled $530,000.- 000 in value, the highest of any month of 1929. fitrure is 120.- . 1 000,000 below thatThis of October. 1928, J but is the largest ot that month for LOCAL SECURITIES any other year since 1920. Imports $393,000,-00last month were valued the highest figure for October INDUSTRIALS. 1919. levskedT since Bid. Ama! flussr common ... Tbe commodity analysis for the .901 1.35 001 do pfd 94.00 first nine months of 1929, the latest Oolumb:a Steel common 12.75 15.75 do pfd 105.00 107.00 period for which such statistics are Con wacon 1.00 9.50 available, shows on the export side Power pfd 95.00 109.00 that finished pixie manufactures supplied wo. voai 93 , ...541 Lartoo Sutar ZOO. 00 215 00 52 per cent ot the total, measured by Mt States Tel Ac Tel 151.00 157.00 value, aa contrasted with 47.9 per n 104.50 104 50 pfd Standard Coal S3 5 cent of the total for the three quar. - .. .. ITt.K Wl.. T7.00 90 00 ters of 1928. These bear percentages Utah Oas ft Coka'isrpid" 98.00 100,00 testimony to the industrial activity common 1.10 5.501 do pfd ..OJgar 9.50 of the United States this year and to Utah Oil .. ...x 1.75 9.35 Utah Home Firs Ins ... 300.00 310 00 the demand abroad: lor American Creembr,ck.pol.ndbr oncss. in, 4 iswuna .oaueiort. pounds esch. pound. ..... .45 Series Bsnk Stocks Series f!.l all cream. Wisconsin curei pound. IS Insursnce Stock Tr shares, series F OH Stock Trust shares, se PKODUCE. unchant'ed'' ,,t,lpt' COVSERV4T1VE t...... .33'4 .....,... 3'.35 1. J,ss oouno. .02', 3000 500 500 509 S. L. Pr. Brick Bonds. . 5 10 Utah P. Jt Lt. 1 105 00 Utah P as 90 00 1000 U. 8. Fuel.,.. 72 10 Ion's Sav. Bauk. .Offer Sork C. M. I 59 00 THF ABOVE pricf.K ARE WET, BOTH TO BA V AND SELL 1 eresm triplets, pound ; cream Ions horns, pound pound BlOCk ft.ll. ssnawicn . . Si. ' Wi n.m usr. j 02 .03 1.50 -.00i'3 S3 2 75 PEODTJCg. 4)uotatlena by Market Spruce fltandr".;. . .Offer Stock Sliver Banner .04 N Standard Coal .49 Star of Utah u. By W. A. WELL 4, AssaeUleg Frees Eealar, Servle, Writer. .10 KoyloMng. Louise Mng Lakes of Ktllarney Mutual Creamery Mutual Metals Mltton Braley Mutual Coal Net. Baldwin Inc., Peerless Coal r - ference between American and European 40. wsse scales. 4300 st 40c. With the advantste of the bit steel com1000 st 714e: 13.500 at Is. Eeystone. s mass production methods and ot pany 6000 at 3c. lta financial BoatUon. enaat man fr... Little Msv. 1000 st le. lleve the west coast will be able -- New Quincy, (00 st 1 43'A: 3309 at II 49. to sain a foothold Industry tor at least certain Horth Kb. 10 st 14 90. t. trades ef steel In the fsr . North Standard. 1000 st 13o. However, the erlmar future nf wait. Psrk Kins. 1000 st 7'.e. era steel saanufaeturlnj. both of the In- Psrk Konold. 5oo at 15. ana of the oepenaents bit corporation now Psrk Premier. 500 st 44c. extended lor the first time from coast to Prince. 1000 st 1'tc. vvsat, ia veuerrq to ue m toe rapiniy grow Rice Arsentlne. 100 at 174c. uia wnneiue manei. Silver Kins. 150 at 11415. me era 01 , asyscraper eunaint In a Silver Shield, 100 at 15c. vn or more 'coast eiuea. ana Lna mr. Tlntle Olant. loo at 15e. responaine incremaa In tha nnah.. anil .4.. Tlntle Standard, 100 at 110.15; 10 at ot ships constructed In coast ysrds, hss crested an tor msrket Walker. 19 st I4.U. vuiininv stvei, mucn 01 wrucn has coma by water from the east. In the east virtual! all of tha easttnshssas beeD don. on tn. Atlantic KUBBEB. far western plants have not seaboard, Yonir. km is ttajw ...kk.. been equipped for It. United states Steel. V'" opened steady: December 19 70, March potnieii out. will be In a position to ... this fabrlcatina at aavln freltht or wster rates Futures ekmed afeariei ranaW. te a trsnscontlnental t. Ktaat fjolumhla .wmm.Im "T! March 17.59, May 17.5. larte steel concern In tha vest which does !5f V"i "ina'aeturlng front the mine to the finished product. Its orlsin waa not due, however, to any acute demand for steel, hut to the desire 0( C. A. Hooner. an eld-tlkimberaaan of California, to Ilri a aaarket for llfnria Ll. . . which had haan ne aovent ot cheap fuel elL nuwer 'J succeeoea in lnterestint the late K Creed In tha a.l..hli.iin..nt A . Iron foundry In 1909 to create a market for the coal. The name of the foundrv tovnwas ehsnaed from Blsck Diamond to Plttsburt. and Creed and his asso-eistbessn the uobulldlnf of one of Ue west s Urtest Industrial concerns. Wartime oroaiierlt annnll.ti which throush a aucreuton of merters and purcnases enahled the foundry to attain a .OS wewilibuy 3000 30 1000 1000 1000 1000 1000 300 1000 1000 300 3000 1000 300 300 2000 -- .... ..... .73 00 t.105 .04 SOOO .00 .14'4 110 n 500 5000 3000 100 100 ".'63 .03 .60 .15 sa .03 m, .07 loo Superior Dredging .... SOOO Selma .03 'j .- . 1000 Sallna Lead Zlno... .03i Silver Circle .041', .08' Silver Banner..: IS S. L. Pr. Brick Pfd.... 97.00 500 Tlntlo Ophlr .m 1000 Tlntle Humboldt .... XI3, . M0 Twentieth Century ... .55 1000 Tenabo . .021, t 1000 Tlntlo Hover jot lOOOTlntlo Coalition .03 i 212 Utah-Idah- o I IS Sugar 1000 TJ. 8. Fuel Pfd. .73 100 Utah Oil Jtef 110 L. 7 IS Trtah P. 108.00 plus I .01 .07 1.73 .04 Ophlr Stand. Park City Con. (Pooled! sooo Park BUndard M Pioneer PUnt Com. 1000 Pneumatic 4 Wheel- ' MO Quean Esther ; 500 Star of Utah' . 4.50 .01 .15 1.D0 .0? .08 .90 .15 .49 .ia Mining aoof Lvna Big 8lx ....... lOjfl Uttl, Flower . lot takes of Killer-naISO Mutual Creamery.... 1000 Mltton Braley Aero. . iuv nat. Baiawin, inc. . ; 4.10 .31 Daynea-BeeDnrnes-Beeb-e nu, Jumbo Plaster ' :8 .0314 Pfd. .... Al Com. ... .35 17.50 Elk Club Bond .00 Ptxk Ophlr .05 H Pallr Mng. 10S Oebe Oil .Market tlOOO Ot. West. Coal Bonds.. ,.11' 1000 Gold Hill BUndard ... .M'i .04 , 1000 lntar. Air Brake... ..... u.... (a w inter. Mtn. . .a .15 , Victor Con Walker Mining West Toledo Wllbert Yankee Con .M'i "MM .01 .. .... ....... .. Keystone .... Lehl Tintl .... .. ... Leonora ' .90 1.10 .0444 Tlntia Olant .... ., Tlntle Lead Tlntle Southern ... Tlntlo Stsndard .. . Union Associated .. Union Chief Utah Con .... ...... Utah Petroleum .. Utah State Stiver .. .OS .... . sil- IS1 l .05 .01 .00 .03 Standard Missouri '4 .13 .45 Kentucky-Uta- h Michigan-Uta- ti .OS1. .01 Empire Empire Mines .... ....... ureka Bullion .... ..... Eureka Lilr .... ......... Eureka Mines Oslena Oreat Western .. Oreeler ..... t. U)HDOS. Nov. 14 APL Bar sllvsr, 1 4d per ounce. Monev. per cent. Discount rates: Short bills, per cent: three niouLhs, per cent. Asked .10 .074 Bar 33 IS .01 .75 .05 titan .... tut Emerald .... .. .......... Emma Silver ............ Silver .... Queen (AP)-Met- ...... ....... dlnghtm Metal Black Metal ........ Boiiania Mining .... .... Bullion .... Brutal Silver .... ........ Carditf .. Howell Nov. 19 Park City Con .... , Perk Kins Park Konold .... .... .C2 .05 Park Nelon .... .40 Park Premier .... . ".'oi' Utah .01 '"oi Psrk ' .10 Ftorhe Bristol .1U Plumblo Muiss .... .1 .15 Plutus .01 Prince Con .01 .90 Premier Metal ,. .. .51 ,6 .09 .Oiti Prove Park Cummlnss ,, ., .05 .OS Quarts Hill .01 .OJH Rarmond Ely Ext .. .01 i .01 RJco Arsenllne .... .40 .29 Silver Kiiw Coat ., ., .27 .U Sliver Bhidle .01 Ml Silver Standard ..or- a Sicral Mines .T77:7.. j.rT.07 iron niossoa .ePtfSecith .00 i .00' Bouth Standard Standsrd Lllr Ext ... .03 .04 8wsnia Con .... ,. .10 :JI Tar Baby .04 t Afloa Alts On .... .. Alia Merger Alt ...... Michigan Alta Tiger .... .......... Alia Tunnel .... .. : , HEW YORK. STOCKS. I 1 nominally unchanied. Salt Lake Excliange LIBTEO ............lso 14 35 ;.. ..,......! 35 .........ii'ttc , Silver at ii"j waa Drnar .. Stock -- Metal Markets Ceppar Zinc . by Ufht trading marked the course of the Salt Lake Stock and Mining exchange during Saturday's ahort session. Prices vera a Uitla hthr. Tlntlo Standard traded at $10 75, with an odd lot going at I10.87',. Silver King Coalition advanced to (10.23. New Quincy cloud at 91.40. alter hitting St.u j. rare tnouaana soaree oi mis Issue traded. Eureka Ulr vat Improved at sales at gl JO. Kureks Bullion'" advanced to a close of M cant. Big H1U vent to 53 cents. Park Premier had aalea at 4 oenta and Park Konold at 25 cents. Among tbe cheaper lsauea K samaras on reports of a new strike came In (or considerable attention and over U.ooo shares vent at prices of from 4',i to Show j STOCK CRASH Industry and Commerce Healthy CASTS TREMOR Columbia Steel corporation holdings purchased . . ' 1 Foreign Trade Statistics Larger Market Seen ON LOCAL STOCK EXCHANGE 17, 1929. of Work From Fever ish Trading Is JSow Finished. ' Most 9f ASSETS AT A GLANCE. (Bj tbe Associated Press). KTW TORJC Stocks: Holiday. Bonds: Holldar. Curb: Holldar. Porelcn eachantes: Irreculan Japanese jen reaches a new 1939 blah on expectations ot earl told basis. Cotton: Hither; firm spot situation. Buss'r: fiteadn llsht spot oflerinss. CoUee: Lower; dlsappolntlna cables. CHICAGO. Wheat: tfrm; sood export trade. Corn: Firm; unfavorable weatfaer fouthweet. Cattle: Irrecvlar. Eon: Suadjr to lower. Eureka Standard Again Producing Follewiiur several weeks' eesslatfMn of aj. tual mine operations, tha Eureka Standard In the Tlntlo district has again resumed ore production, according to word from the Eureka camp. that credit rates have returned to normal Durtn tha tlm nf iUm aliniAMn. la moat urgently desired la Weil e wsa erected, new machinery ln- renditions, taiieu sua tne main snait repaired. The work wae done to make lt passible to handle the mine's tonnaas from Its own shaft. Wall Brie rather than from tha Tlntle Standard's worklnga, as ur now the case. However, until new ore bins are out In. tnnnara avili NSW YORK. Nov. 19 f API. Iron and continue to to to the aurfact through tha steel companies In tne middle west will op- Tlntle Standard. Ore production for tha present, lt It said, erate at 90 per oent of rated capacity next week, according to reports from various trill he about sixty tons dally, but this. It Is excepted, can be materially Increased manufacturing centers. The Youngstown when the ore la handled through the EuSheet at Tube and Republic Steel companies are expected to maintain fully this reka Standard'a own shaft. First, however. It trill be necessary to Install the ore average, probably exceeding it in some i bins, and have skips placed In the shaft. pertinents. When these changes sre made, the hoistAviation Industries, both here and abroad, ing machinery wiU have soma 300 tone a are on the eve of "a tremendous devel- day capacity. opment." says Vincent Bendlx. president of the Bendlx Aviation corporation, who has FLOUR. returned today from a two months' busiMINNEAPOLIS, Nov. IS f API. Flour. ness trip through Kurope. 10c higher; In carload lota, patents at 17.0007 30 a barrelfamily In October construction contracts awarded quoted sarks. Shipments, 34,99. in 37 states east of the Rocky mountains cotton Bran r7.9039.50. had a total value of 1445,943.300. or 1340.000 greater than the previous month, but 39 per cent below the ftsure for October. 1039. F. W. Dodge corporation reports. The total for the oerlod waa S V04S for the 909.900, as against SS,734.O47.9O0 corresponding period last year, a decrease of 11 per oent. Street ft The Oulf Refining company has awarded a contract to the Foster-Wheel- er Co., of Cateret, N. J and Newburgh. N. m Y., for two of the largest atmospheric-vacuucrude distillation units ever built. They are to be installed In the Oulf company s . . Port Arthur. Texas, refinery. Net earning! of 91.919.939.000 for tha nine were months ended September 30 reported bv the ! Industrial utility and railroad corporations which have so far made pubto lic their statements, according the StandMKW YORK. Nov. 19 (API. Bneouraeed company of New York. This b the return of comparatively normal and ard Statistics or 3 per cent aoove an is increase figure stable stock market conditions lata tnis the Sl.393.433.0OO reported by the same corweek. Wsll Street wound up most of Its for the corresponding period of hansover business while the securities mar- porations It. was shown that 13S. the In compilation were went Idle today, and workers ket 345 industrials incressed 35 9 per cent. 31 home to enjoy the most peaceful week-en- d utilities 14.9 per cent, and 33 railroads in weets. Today s closlnt or the stock and curb 92.9 per cent. exchente save eommlsslon houses an opStfEK CASH PAYMENTS. portunity to straishten out most of the detail work that went surer durtnt the renevsl of feverish trsdlnt the middle of OSLO (UP). The Norwegian the week. While It will be necessary In union of local tradesmen's associaIsolated Instances for a few clerks to return to their offices tomorrow, ths moon- tions are actively campaigning for tatn of work which accumulated durina and have ordered three the violent markets of the past three weeks cash tradingmillion boxes of matches has lsrrtlj been swept away, an the stock and a half exchsnss found lt unnecessary to ask mem bearing mottoes and nhrases advo bera ti have their offices open from 19 m. m i p. n si it naa on recent sua- - cating cash payments. . . .. .. ' Tne rally in stock prices aurine tne past SEATS GET COLOS. m two esri; the statement of Thomas W. of J. r. slortan A Company that LONDON UP). wimen theater. the bankers, consortium organised to stabilise conditions retarded market condi goers of London may now pick seats with their of a color to hai tions as normsl vesterdav: and the main tenance of heavy burlnt orders a few points gowns, provided thi go to the Savoy unorr tne market in leaning anares to dis seat In of each courage "bear" raids, are factors which tneater. upnoistei lead Broken to look lor quieter market that tsouse auiei from the ones conditions next week. With continuance colors ranging of three-hotrading sessions and a Sat- - surrounding lt. ilden brown and uroav cinaine next wees, it is nonea mat from yellow to Wall Street's physical trading facilities wiU from pink to recover irom tne recent strain. rmpieieiy wes keenly lntfested today eleven-stoIn the reports reouested br the stock ex ry office structure In An change committee on business conduct from downtown Atlanta. Ga., was sold exchsnss members aa to the Identity and extent of the short Interest In the market. twice within one week. Stock exchange members not more than one ear distant bv mall from New York were ordered to make such reports not later PROBATE Airo OVAEDIAirSHIP ROTI0XS. than this noon. No information was avail- - (Oeasalt eenty elerk ee tne respective slaw u a. atwa vxciiauav wicn, nowsTn. ors fer runner letomisnea.i as to ths disclosures Qt these reports, and lt was expected thst no public ststement IN THE DISTRICT COURT, PROBATE would be made. It la not tha orectlce of division, in and for Bait Lake County, the exchsnge to make public members' re 8tate of Utah. In tha matter of tha plies to questionnairea. aetata of Joseph P. Megeath. DeRegsrdless of the disclosures of tha reeeased. Notice. plies, however, lt la expected that the action will dlseoorage destructive bearish opTha petition of Tracy Loan At Trust erations In ths market. It la understood company, praying for tha admission to that the stock exchsntre officials have no probata of a certain document purportthouvht of forbidding short selling, regardbe to the laat Will and Testament as It ing performing an eesential economic ing function In stsbtlislng ths market In norof Joseph P. Megeath, deceased, and mal times. The exchanse mteht under Its for tha granting of Letters Testamen rules, however, discipline members who lend. tary to Traey Loan at Trust company. to any large destructive bear their pool during such unsettled conditions as haa been act for hearing on Friday, the those through which the msrket hss lust 22nd day of November, A.. D. 1829. at. o clock p. m., at the Court passed. The exchange reouested that members submit dally reports as to their short house. In tha courtroom County of said court. accounts until further notice, and there in Bait Lake Bait Lake county, City, was no intimation today that the report TJtah. will bs discontinued In the Immediate fuWitness, tha clerk of eald Court with ture. The ststement of President Hoover, pub- the seal thereof affixed, tola 9th (lay lished after the close of the market yesterof November, A. D. 1929. day, to the effec thst he was holding con(Seal) ALONZO MACKAT, Clara.-B- y ferences "with a view to coordination of L. 9. Palmer, Deputy Clerk. business snd government agenclee In conWalter C. Hunt. Attorney for Pe certed action for continued business progress." was another development hailed in titioner. Wsll Street today aa an important restorer of confidence. Commission houses, fn their advices to customers, generally pointed to the conNOTICE crete steps taken by the administration In fsshlntton. and leading bankers in Wall Btreet, to restore normal conditions, as 16 1 will not be re November After hleh'y resssuring. The attractive Inves- tment' yields provided, bw stocks of sound- sponsible lor any debts contracted by he1r low levels at current were corponitlons my wife, Reda DeBry Timmerman. siso stressee. There was no tendency, howFRED TIMMERMAN. ever, to look for. or hop for, a revival of large scale bnllish activity. A period ef quiet, stable markets, wtth revival of acUvltr la tbe bead market, new EARNINGS noir ti.. ia (API Per1 share this week eerninas of corporsUons reporting figures for the correspond- compared with 1ns periods os iiue, iucjuos 90, S mo. end. Sept. 1038 130 ...1195 lrlis-- a Mfg Co ..; Commercial Credit . Cotr I no .t;.-..mtl Nlcice! 11. 9T X3.93 X..SJ uo ........ X4.73 i Internal!' Silver .. .. . ::: Ubbr-OsreGlass .. . ... 91.83 57 National Supply . j,.13.00 New York CentraTT... . 9 .83 Pittsburgh At Lake Erie ..... 3.40 Houston OU ... J. at laaeandrews At Porb Sept. 90 quarter Remlneton .... .. X increeeeo re yi vau.,w. On preferred stock. H 4.(4 1.S5 4.43 1 95 9.79 3.70 1.19 t 9 t in the cm-a- m Heavy melting steel 26 tcrsp cents a ton today market dropped to 11.00ell.i0 a ton. E. C 1. tudtet Dsvlet Davies, Badger Co. & Members Salt Lake Stock Ketonea Wasatcb 702 23 West tni Sooth ALL LISTED STOCKS BOUGHT AND SOLD ON COMMISSION. DEPENDABLE SERVICE IN ALL UNLISTED SECURITIES. WILL SELL JT14 100 ArtoKram 1 SOO 1000 1000 1000 400 1 1 SOO 1090 9100 SOO S00 1000 150 Arnalg. Sugar Pfd. . . . 5800 Auto Elect. Signal.. WUlTrada ? Buffalo Capitol Hfll Mng pj Diamond Oil Devnea-BeebPfd. ... e Internal. Oty. Pfd. and Interest. Gty. Com. for 70.00 J Internet. Air Brake... Plsk Ophlr J .13 . . Bond. Coal West. Gt. Oenl. Boiler and S. I. Make Bid Works Pfd Oenl. Boiler and S. I. iUaka Bid Work Com .04 Oold Hill Standard ... Make Bid Oebo Oil 'i Jl ....... i2's loon Jumbo Platter .o aoo Koyla , 03 2000 Louise Mining M 1000 Little Flower 02 1000 Lynn Big Six 2000 Lakes of Klllarney.. .Make Bid Make Bid 1000 Mltlon Braley 03 3000 Monarch Mine .Make Bid 1000 National Coal .031'., 1000 Ophlr Standard ...... 30 Pioneer Film Com... WIU Trade 1000 Park City Con. Pooled 1.10 Receipt ; 0J 1000 Park Standard .02 lOOe Pneu. Brake 10 1000 Queen Esther .OS 1000 Spruce Standard ...... .TO' 4 1000 Selma 04 1000 Sallna Lead A Zinc 02 i 1000 Silver Age .06 1000 Silver Circle 08 1500 8uperloT Dredging .02i.'3 1000 Tenabo . 1000 Tlntle Onhtr Make Bid .02 1000 Tlntle Coalition 1000 Tlntle Gold Bug 0014 3000 Tlntle Ingot .00',, .03 500 Tlntle Bower 1000 TJ. 8. Fuel Pfd :.. .78 100 Utah Oil Ref Make Bid 2000 Utah Peruvian 02 1 TJtah P. St Lt. V 107.50 30 TJtah Fire Clay Make Bid 1000 Wyut Oil 05 1000 White King M SOO Western Ventura .10 2 Z. C. M. I 82.00 .... ;...... .......... WILL BUY .... 2000 Ashley Valley 1000 Beaver Crown 150 Consumers' Mutual .001,4 .04 It Oyer .02 Coal Pfd. 1000 Diamond Oil ..... 9500 Elk Bonds 1000 Indep. Oas te Oil. 1000 2000 2000 v 100 1000 100 1000 2000 2000 1000 100 5 Jumbo Plaster .98 ... Little Flower Mutual Metala Mutual Creamery Mltton Braley Mutual Coal Peerless Coal ....', Silver Banner Spruce Standard j0K't. : .10 Ol'i .00' ....Offer It ........ ,02 J5 .07 M Ofter It Untie Ophlr is Utah Southern OU.... .Offer It Utah Oaa At Coke Pfd.. Offer Western Venture Offer 3 Zlon's Sav. Bank Offer 10OO It It It Davies, Badger & Go. a West 2nd South Wasatch J9T9 STATISTICS Far tha ear enttomert and tha Investing public, wa maintain a statistical department. This It for your personal use, or wa will be glad te furnish, reports on known companies or their securities. benefit of In addition te various services, market letters and lata financial reports, are carry on flit tha latest official quotations of alt tha leading eiehangea and subscribe to tha dally Wall Street Journal, the Engineering and Mining Journal, the New York Timet Annalist, the Salt Lake Mining Review, and other publications, all f which are at your disposal daring business hours, J. A. 7 HOGLE & CO. BONO DEALERS 132 Main Street Salt Lake City AND STOCK BROKERS Ecrlet Bldg. Ogden Wasatch 77 Phone 344 o. as Ut"1 I- Walter 0. Lewis Serge T. Ballif, Jr. We are members SALT LAKE STOCK EXCHANGE, associate members NEW YORK CURB EXCHANGE and correspondents' E. A. PIERCE & CO. Private wire connections with all markets. ,1 : Telephone for Market Information Wasatch 3631 - 119 SOUTH MAIN ST. PHONE WASATCH 4098 Barclay, Featherstone & Go.r Member Salt Lake Stock and Mining Exchange Newhouae Building SaU Ukt aty luh BROKERS AND DEALERS IN .v UTAH SECURITIES , Orders solicited' and gen carefat personal attention. Net Manected wth any ether firm carrying the name "Barclay." |