Show THE OGDEN STANDARD SUNDAY MORNING JUNE 21 1931 OF WEEK SMALL Consolidated Press Association) - NEW YORK June 20—The appli-- ! cation this week by the railroads for a 15 per cent advance in freight de-- i rates did not prevent another im-f- cline in railroad stocks The ' provement in various lines of indus-- j try including textiles oil and wear-- ? ing apparel was not sufficient to’ protect manufacturing and distributing company shares from further forays by the bear element orr to halt some liquidation The mood of the street changed from one of cheerfulness following the rise between June 2 and June 12 to one of disappointment over the failure of prices to hold There was not however the discouragement or the despair that were everywhere reflected in the earlier days of the month The stock market this we sir has been almost too small to give itdecline significance It has fallen to the lowest total in some years with the turnover on Wednesday only 900000 shares Fluctuations have been out of proportion to volume The market has been thin There has been an absence of sponsorship for leading j sues Again the professional trad-1- ' ers have had the right of way They are from those groups of whom President Hoover in Tils Indianapolis speech on Monday said “they make the shrinking volume of offerings of to distress their contribution raids distressed securities and commodion our markets with purpose by to prof- ties and the smaller percentage or it from depreciation of securities and decline 'in each succeeding reation commodities’’ He also stated in his This' is the more important aspect feame address that it must be deter- of the situation as it should gradmined “whether the facilities of our ually lead to greater poise on the and security exchanges part of a public that has been comare not being commodity used to create illegiti- pelled to take tremendous losses in mate speculation and intensify de- securities and will be reluctant to assume initiative in industry or in a pressions” RATE INCREASE buying campaign until it is confiThe freight rate application is dent that what t has in the form well presented is no longer on the aucIt has been well of received throughout the country It tioncapital block On the other hand the will obviously meet with opposition strain where there are unmarketin quarters where the day’s work able assets may become more prohas for years consisted in an effort nounced The effect of this will be to pare down rates regardless of the on a limited number compared with effect on railroad credit It is a those in the security group fair guess however that the I C C EUROPEAN TROUBLES after the usual amount of prelimifis this latter phase with which It nary investigation will grant a high European banks have recently been percentage of the increase Mean- dealing Their troubles are in large while the railroads must cut their due to “frozen assets” which cloth to the new pattern and abstain part had to be “thawed out” eventually from paying out more than they and exposure made of questionable earn This conservative policy has items in balance It might resulted this week in additional div- have been possiblesheets to postpone the idend reductions It may later ef- - difficulties in Austria had political feet changes in other dividend rates and economic conditions been more It has taken some time for the de- serene of the The crease in corporation dividends td institutions becentral in Europe have an influence on the investing ing as they are the fear that parapublic In spite of the 1200 to 1300 lyzed Vienna later struck at Berlin rates that were reduced or omitted Amsterdam It was only as the there was comparatively lit- and of the German courage tle decline in the total of dollars has been displayed in thisgovernment week’s popaid out to share- - holders Many litical and financial crises that a corporations last year continued the has been obtained after the rates put into effect in 1928 and in respite rates of the central banks rediscount 1929 Not a few increased their of Germany Austria and Hungary payments A considerable amount had been advanced to 7 and 7 of capital that had only begun to per cent rmake a return to share holders in There' ’are" such fundamental 'the latter part of 1929 was receiving changes in prospect in the debt statIthe return on it during 1930 It has us of Germany that it is impossible been only since the early part of now to forecast events and their this year that the dividends can- bearing on the American market for celled or contracted have begun td dollar bonds in the next few weeks play a part in the economy of the Evidently the situation is one that country the close attention of the There will be nearly 1000 dividends compels statesmen of Europe and it leading paid this half year at a lower rate gives! more distinction to the recent than in the previous six months Chequers conference toknow that This includes reductions and omis- the and his foreign British sions on many large individual minister arepremier able to make a return amounts of capital Consequently visit to Berlin- - next month The the- total dollar reduction in divi- conference called at Geneva later in dends and in interest is believed to July will undoubtedly take up quesbe between $50000000 and $75000-00- 0 tions of reparations and armaments This does not include interest If France could only look at the in default on real estate mortgages European situation with less and take a banking rather privately held or publicly distrib uted or the contraction in interest than a political point of view relapayments on commercial and thrift tive to all emergency loans it would accounts in the different groups of be easier to foretell events that canbanks not be separated in their effect REPORTS LEAN from! American markets or from The nearness of the second quar- American foreign trade : terly reports to be made by corporations whose stocks are listed or publicly dealt in has a tendency to develop a bearish attitude on the part of speculators and to make for caution among investors There is litIn Wool secof the tle doubt that the record ond three months --of 1931 will be to have been as lean as the BOSTON June 20— (AP)— Wool shown ' durfirst quarter Then industrial prof- market has been fairly active mostits will be off from 40 to 45 per cent ing past week and prices were The market situation however is ly steady with a slight strengthenIn better condition to hear this tale ing tendency on a few lines Offerof industrial woe than it was at the ing 58 50’s domestic wool were end of Match when the average of somewhat more active than during higher previous week on both fleece and prices was over 30 points than now territory lines Ohio and similar commodity prices fleeces of 5860’s quality were slightIt is true that are lower by as much as 6 or 7 per ly higher in prices owing to the cent than they were on March 31 strong demand and relative few ofand that the ratio of iron and steel ferings on the market Recent production to capacity and of auto- business in wool has been confined mobile output to productive ability to spot offerings have both declined sharply Compensation however has been parr tially provided by the greater aeti a FUTURES and by ity in smaller industries m in trade out retail broadening some centers to the proportions of CHICAGO June 20— (AP)— a holiday period The public is more convinced now than it was three months ago that the worst of the ’situation Is passing if it has not and that securij already gone by down to levels that ties have ground almost any catastrophe discount - DEFLATION ECHOES f There will be echoes of the dcfla ‘tion in commodities and m securities as vs ell as in real estate for months to come This is to be exThese do not need howpected ever to turn markets upside down or inside out The backwash of any period of depression from time to time spoils the foreground of an improving picture of conditions It does not obliterate it The Chicago banking troubles have caused nervousness among depositors in other par)s of the countrywill This month's embrace the bank suspensions since largest total of bank resources last December There are quite similar situations in real estate and in public utilities and in industrial BONDS securities that were never satisfacNEW YORK June 20— (AP) — torily moved out of the hands of Bond quotations: 7 underwriters into those of the pub- Liberty 10221 lic which sooner or later must be Liberty first 10314 “thawed out” 8 10500 fourth Liberty 2 This has all been taken into ac- Treasury 4 Us 11328 count in the readjustment of prices Treasury 4s 10970 1940-4- 3 of securities to incidents in the gen- Treasury 10300 7 eral deflation outside the area of Treasury 3 s 10350 After nearly twb Treasury 3 Us active contact 3 10300 9 3 ears of shrinking valuesthe poweT Treasury 3 Us 10140 of those who are borrowers to hang 4 on and the reluctance of those who CURB lend to sustain commitments with NEW YORK June 20— (AP)— an unsatisfactory future brings Curb quotations: about collapse of greater or less de- American Super Power 11U 7 gree It is not improbable that we Central States Electric 11 have passed through the period of Cities Service 384 liquidation of those securities and Electric Bond & Share 4 comiroditiesf that are actively trad- Hecla Mining ed in and have a broad market New1 Bradford 11 There are many signs leading to Niagara Hudson Power 25 U Tacir conclusion Among them art Standard Oil of Indiana - is-- o inter-relatio- hs In-193- o - self-inter- est k Prices Are Steady Markets o 1 ' - -- O' 3s 4s 4s 3s 32-4- 32-4- 47-5- 44-5- 4 43-4- 41-4- 46-4- A A Hogle & Co Brokers Eccles Bldg LISTED STOCKS 225-- 6 Shares Advance One To By ELMER C WALZER United Press Financial Editor June 20— (UP)- - 7 33-3- nd 1 -- Butter 1920c N Y Central N Y N H & Hartford North American Northern Pacific Packard Paramount Publix Pennsylvania Railroad Pullman Radio It 1 O Remington Rand 41 19 25 24 34 25 89 77 64(4 40 - 7 24 48 37 16 13 Poultry: Alive 7 trucks weak 17J4l6c broilers 21c fryers 23c springs 28c roosters 12c turkeys 1820c spring Reynolds Tobacco B Safeway St L & San rtan Schulte Retail Stores Sears Roebuck Sinclair Con Southern Calif Edison Southern Pacific ll12c 18 U 5 53 ( Standard Brands Standard Gas & Electric Standard Oil of Calif Standard Oil of N J Standard Oil of N Y Stewart Warner Studebaker Texas Corporation Texas Gulf Sulphur Timken Roller Bearing Transamerica 16 20 33 34 llc NEW YORK June Potatoes — Weak and lower southern 140200 barrel Maine 175 275 barrel Bermudas 400 barrel Canadas 140 160 barrel Sweet potatoes — Steady basket 11005335 southernJersey basket 2 00 2 25 Flour — Quiet and weak spring patents 4 65 4 85 barrel Pork— Quiet mess 2250 barrel Lard— Firm midwest spot 820® P— than-Friday'- out-sandi- ng Auburn Automobile soared more 17 points: J I Case nearly 8 Westinghouse Electric 4 Eastman more than 4 American Can 5 Allied Chemisal 7 General Electric more than 3 General Motors 2 Bethlehem Steel 3 Dupont 4 Railroad shares made gains rang ing to 10 points the best in Union Pacific and- - Atchison Southern Railway made 3 New York Central than 5 s 1 steday to 25c higher liberal water-fil- ls considered strong Weight fed steers comparatively scarce fairly liberal quota Texas grassers offered cows weak to mostly 25c lower bulls and light vealers steady weighty vealers and slaughter calves weak to 100 lower stocKers and feeders in light supply steady to strong week’s tops: Yearling steers 885 yearling heifers 835 medium weight steers 825 heavy steers 800 vealers 800 Sheep: 300 lor the week: Sheep v j 1 3 ' j X $26-0000- 00 of-Dani- ! a i 830 pound 885-pou- nd Woman Dancing Grandma 44 POTATOES 3 14i9 Salt Lake Produce Market 16-pou- nd 15-cen- 16 100-pou- : -- 00 12-pi- nt ng A 20-(A- im-minen- cy l -- ! it-w- as 20— (UP) — Tallow— Steady special to extra 3 pound Pressed poultry— Quiet 7 turkeys 24 45 chickens 23 37 broilers 25 U11 Carb 50 39 fowls 12 26 Long Island Union Oil of Calif 18 16 18 ducks Union Pacific 157 CHICAGO June 20— (AP-- U S D Live poultry— Quiet geese 1012 U S Rubber 12 Potatoes— 76 cars on track 240 A)— 13 23 U S Steel 92(4 ducks roostersfowls 1622 turkeys cars total U S shipments 1312 15 1525 1314 broilers Warner Pictures 8(4 cars new stock dull trading rather 34 Western Union Tei 112 " sat &: hundredweightCheese— state whole milk Louisiana Steady 23 Westinghouse Air Texas ArkanMississippi to 12 23: special fancy Young 60 Westinghouse Electric sas Bliss Triumphs 145 155 poor Americas Willvs Overland 4 Butter— Quiet and easier cream- stock 110 up mostly around 135 Woolworth 68 Alabama 140P150 North Caroery extras 2222(i special market lina barrel Irish Cobblers few sales 2323 Eggs— Firmer nearby white fan- 250 GRAIN cy 20 25 nearby state white SALT LAKE CITY June 10— 17 22 fresh firsts 16 Pacific (AP-U S D A) — Potato shipments: coasts 17 browns 2627 nearby --19 —Total June By JOHN P BOUGIIAN United States 25 Associated Press Market Editor shipments 1312 cars Principal states — Alabama 19 CHICAGO June 20— (AP)— Livecars California 26 cars Georgia ly jumps in wheat and corn markets 17 cars Louisiana 18 cars North today resulted from active general Carolina 662 cars Oklahoma 124 that paralleled sudden buying cars Texas 52 cars Virginia 300 strength in stocks Bullish weather cars Washington! 20 cars and crop reports from American and 44 Canadian spring wheat territory offSALT LAKE CITY 20— June set the influence of increased move- (UP — U S D A) — Moderate offerMARKET LIST ment of new domestic winter wheat ings of local produce this morning The helpful quarterly list for litPit observers said wheat buying was Active buying demand in most lines erary workers is published in the from more substantial sources than Prices firm in most lines June Author and Journalist (Denfor some time and that apparently APPLES — Utah (Dixie) ver) together with interesting feathe prospective improvement of Ger- cases Red Astrachans 120135 tures A valuable feature on “Slantmany’s financial position was a deCHEERIES — Utah pound Bings ing” is contributed by Jack Woodcided factor 12 13 faced ford H Medford-Jon- es Orbs faced C9 George H "Wheat closed buoyant 11 loose 0810 Tartarians faced Banning and others also are repreto 2 cents higher Corn 1 to 3(4 up 06 08 loose 06 07 Windsors sented in the issue : oats to advance and provisions faced — faced 0708 Napoleons loose 04Q5 pie cherFLOUR unchanged to a rise of 0506 ries 07 08 MINNEAPOLIS June 20— (AP)— KANSAS CITY? June 20— (AP)— LETTUCE — Utah crates (three to Flour — Unchanged shipments 27-4- Wheat: 130 cars down 2 to 4 four dozen) pack mostly 50 cents No 2 dark hard nominally 75 few bestdry bran— 11 00 11 50 Pure 125150 67 69 No 3 nominally 61 ©68 ONIONS (dry)— Utah Standard middlings —11001150 No 2 hard 68 No 3 66 No 2 sacks Yellow Valencias 175200 4 43® 67 No 3 nominally 64 PEACHES —Utah (Dixie) cases BAR SILVER 68 new wheat' sales No 1 hard Greensboro 115 125 mostly 125 LONDON June 20— (AP) — Bar 71 Chicago billing: POTATOES— Utah sacked cwt silver 12d per ounce 51 Close: July 44September partly graded Early Ohios mostly 52 December 56(4 Calais France sent more than 300 small 250©275 Corn: 61 cars up 1 to 1 cents STRAWBERRIES— Utah worth of laces and embroiEver-beariNo 2 white 53 54 No 3 nom- cases Marshalls best 125 deries to the — United States --last 53 - year- No- 2 yellow 5 li45l-25- r few best-1-50inally- 51 - ? r) New York Produce 49 51 I compared with week Sheep: ago: Lambs aifd yearlings 50c to 75c lower sheep steady feeders 75c 100 lower closing bulks: Good and choice range slaughter lambs 760 800 fed wooied Iambs 760 775 native lambs 760775: fed lambs 785 fed yearlings clipped TRADING GAINS 500 550 slaughter ewes 100 As the session moved toward a 150 good and choice range feeding close the impetus of trading gained lambs 500 5 50 All along the line the gains held Sales totaled 1508105 shares the KANSAS CITY June since March 28 (U S D A)— Hogs: 750:1 375 dilargest Saturday was 2000000 The rect around 15c to 25c lower when the total total was larger than any five hour general trade on ISO pounds session this week and down heavier weights about 10c United States Steel led the indus- lower most 140 to 250 pounds 705 trial division rising more than six 715 sows and pigs nominal points to add more than $51000000 Catle:' 500 calves 50)sfor the to the valuation of its stock week: Beef steers and yearlings 100 j ducks 1417c old spring geese 17c old 9c SAN FRANCISCO June 20— (UP) (U S D A) — Wholesale dairy market: Butter: 92 score 25c 91 score 24c 90 score 23c Eggs: Extras large 19 c medium 16c small Cheese: Triplets 12c flats 12c 44 6J25725 BONDS SAME fowls 8 I 4c 66 67(4 reaction - in the today and the stock market shot forward 1 to 17 points More than $2000000000 was added to paper valuation of the trading stocks on a market that saw activity return after a week of lethargic trading There were times the tickers could not keep pace with the trading Stocks in which a large short interest prevailed were first to respond to the news that President Hoover was conferring on the German situation Shorts covered hurriedly and holders were reticent to sell until prices were bid up somewhat International Telephone with its better grades native lambs' vast European business was in par- and western lambs 25c to 40c steady ticular demand common natives) 50c 100’ lower American & Foreign Power rose 4 lower yearlings steady to weak top points and other utilities were up 1 Colorado lambs 835 latd top Idato 5 points American Telephone hos 775 top natives 775 better making the widest advance Texas grades mostly 700 7 JO COPPER SHARES a 475 few 525 largely yearlings Copper shares were bid up frac- wethers 175 200 odd! lots fat tions to more than 3 points and oils ewes 125 150 continued to move ahead The Hoover conference surprised June 20— (AP)— (U S Wall street It was the first intima- D CHICAGO week compared steers tion of such an attitude by the ad- agoA) —Cattle: 500 and yearlings light ministration Aid for Germany it was said steady medium and heavy! weights would remove one of the most se- mostly 25c to 50c lower yearling stuff rious obstacles to stock market and heifers and dry lot butcher diswere but kinds steady grassy business recovery and took seasonagainst Traders were attracted to German criminated uneven and sharp decline low bonds on the stock exchange and al cutters and cutters 25c off bulls 3 more to than 15c to 25c these moved up low’er: vealers! steady to at various firmed Gains up points 50c down stocker and feeder trade centers and cotton got into the a at standstill practically owing to the after opening swing narrow' and meager 7 supply inquiry netted American Telephone 8 JO mixed steers at yearling topped stock to market its bring points General yearlings 865 heifers 850 medium valuation up $125300000 weight beeves 880 heavies 850 Electric rose 4 and added valua- bulk fed steers and yearlings 725 tion of $123000000 Standard Oil of 825 kosher heifers topped at 800 New Yerksey 2 points or $51000000 cows 625 best weighty sausage Columbia Gas 2(4 points or Consolidated Gas 5 points bulls 435 selected vealers: 950 deor $62700000 Pennsylvania Rail sirable stockers mostly 600675 road 2 or $39000000 U S Steel Sheep: 3000 56today’s market nomdoubles from feed6 points or $52200000 and Interna inal for week tional Telephone 3 or $26400000 ing stations 32300 direct compared week ago fat lambs! 50c 100 lower closing i airly active at degroups have been negotiating for a cline fat yearbngs and ewes 25c to dollar bonds 50c lower large issue feeding lambs nominal RAIL EARNINGS top 900 paid early for both On the other hand preliminary week’s native and range lambs! closing rail earnings for June have re- bulk good and choice native ewe versed the previously held view that wether lambs 7 75 825 bese the decline in carrier earnings had and been checked The bureau of labor’s 820 i rangers 825 native bucks 675 wholesale price index dropped to an-- ’ 775 throwouts 4505J0 fed 550 665 grassy kinds other new low on Friday And both yearlings kged British and American import and down to 350 and below choice fat ewes 1 00® 175 were far from cheer- wethers 350 exorpt figures ON ful Until some of these depressive ST JOSEPK June 20— (UP)— factors are removed little can be ex(U S D A) —Sheep: 3300 range pected from the bond market In regard to the foreign situa- lambs and fat yearlings’t 50s to 75c Nice Volume Maintained tion it is interesting to note that lower late top range of ferings 800 best natives Germany’s bonds today are in the 800 bulk 790drive-inDue To High Grade s most same position that France’s obliga 775 620750 Issues tions were several years ago Those bucks 650 ‘down cutters! and comwho have sold their bonds and fore monest light lends 300 400 few ed the Young plan 5 down to a 30 loads -- Texas yearlings 1400 525 By BYRON SELLER point discount argue that Germany tw’o year old and aged wethers 200 (Special Correspondent of The is in for another ruinous deprecia320 fat ewes 125 150 Standard-Examinetion of her currency that repudiaSAN FRANCISCO June 20— (Copyright 1931 Consolidated Press tion of war debts and commercial loans will ultimately arise from her (UP)— (U S D A)—Cattle: For Association) 960 direct 115? 2 loads five NEW YORK June 20— Though political and economic unsettlement in any case good days 1150 to 1200 pound steers 650 the week saw none of the unresisting and that Russia will Germany with her cheap early strong to 25c higher! balance price declines that have marked the swamp It is easy to calculate the week all goods bond market since early in the year steady of those courageous enough fed 875 togradea'generally 900 pound steers 675: and the tone was firmer in general profits French bonds when they were top bulk mediums 900 ito 1100 apparent from the indecision to buy low as Germans are today but it pounds 600 6 25 plainer grades manifested by the junior list that as now is not easy to convince investors 850 to 1050 pounds previous estimates as to the 575585 of the recovery in bonds that Germany’s recovery will be as weighty steers 575650 common or as substantial dramatic will have to be revised Mexicans' 420 cows 450: Measured by the price averages down low cutters and cutters 100 the investment market ended the 250 bulls up to 375 calves for week just where is started Volume five days 65 nominally unchangCobble 59 for this the dull’ season of the year ed good 700 (odd lots was well maintained owing chiefly medium grades 5C0629i A to the still brisk demand for high Sheep: For five days 12900 bonds grRd6 lambs fully 90c lower top 725 on Junior railroad bonds responded coast lambs gtod 65 td 72 pound By NEA Service emphatically early in the week to MEMPHIS medium grades 525®) Tenn —When it comes 700710 the financial problems reports that 625 common f0 to 55 pound feedn Louis-Sarailof the St Francisco to dancing Mrs Barney Watson 59 ers 320 90 to 95 pound yearlings road and the St Louis Southwestern year-olwoman cobbler takes no 450550 ewes 225 down yearlings d had been solved with the aid of the back seat for any young upstarts and ewes steady to weak jankers The consolidated 4 per cents of the latter road made one of the With her husband 49 this grandmost dramatic recoveries in the cur- mother of five grandchildren dresses Need rent market advancing over 25 up every chance she gets and whirls England points from their recent low but the about some ballroom floor until of response of other junior issues such or 2 o’clock in the morning as St Paul 5s Erie 5s and Missouri The couple recently entered a city Pacific 5s was not commensurate dancing championship and placed By' NEA Service'! This group of railroad bonds sell- among the finalists — If England is to keep LONDON on a yield basis ranging from ing the strides aviation is taking abreast 650 to over 9 per cent does not in thC country it will be necessary' in of reflect any hope improvement GLOBE HORSE’S PARADISE to construct 300 additional carrier earnings Nor does it disGLOBE Ariz— (UP)— A fad for during the next ten years airports to ade- count any anticipation that the I horses has struck Globe and as a quately accommodate the increased C C will grant the application of result Robert Whaley has opened air traffic Such is the belief of the the railroads for a 15 per cent In- a livery stable-t- he first one to op- royal institute of British architects’ crease in freight rates it erate 20 years— and is do- aerodrome committee here in RENEWED ACTIVITIES one out a “A business of better chain at least renting airports However some comfort was to be ing 20 miles throughout Engfor horses the saddle than every derived from the highly satisfactory ever did in renting out buggy land should be the aim of the counprice levels of prime corporation is- horses try” a rerort says sues and the renewed activity in the new capital market New bonds put out during the week amounted to $87265000 compared with only $7184000 last week and $133041500 in the same week of 1930 Some new issues in prospects are of a nature that could not command a market a few weeks ago and dealers reWe think the bottom has been reached in the stock market port that investors' funds are turnmore to second grade issues and that each succeeding rally will break into new high ing This was evidenced by sharp upturns ground Fundamentals in the business situation continue to in a few junior industrials such as eximprove and we advise taking advantage of every small reArmour of Delaware Pathe Rob7s McKesson and and to pick up the better grade stocks many of which are action change bins 5 s debentures now selling at prices far below their book values With staAnother hint that buyers of bonds are not attracted by the small yield bility in the stock market and general serious drought! conto be secured in the high grade ditions prevailing in Canada wheat is more of an investment market was the general marking than a speculation Buy wheat on every reaction and hold down of municipal bonds and to a lesser extent of United States govfor worth-whi- le j profits ernments Plans for new financ- PRICESREMAIN Liggett & Myers B Loew s Montgomery Ward Nash Motors National Cash Register A National Dairy Products National Power & Light s t New York Stocks Lambert j NEW YORK ison While gracs fed offerings have come under price pressure rated lully 25c lower than last week Good yearling steers early in the week 564 -- pound averge made 650 while bulk of tue offerings mostly grassers turned at 500550 common and medium grades made 425 5:500 grass neifers moved at 450 ©500 grain feds upward to 650 vhile grass cows common and medium 275© 375 good cows upward to 450 bulls bulked at 300350 good bulls up to 375 vealers met with a naiTow demand on late sessions sales showing a 50c or more decline medium vealers selling mostly 500 © 600 with no choice selected kinds on offer HOGS This branch of the trade shows the only bright spot on the livestock market map Compared with week ago butchers and light hogs how a 35c to 85c advance packing sows steady to 25c higher closing op reached 770 paid for choice lights while bulk 160 to 240 pound weights sold at 740 775 with heavy mixed weights downward No 2 mixed 52 No 3 to 650 packing sows bulked 400 No 3 53 475 51 nominally 50 SHEEP Close: July 53 September 51(4 45 Increased here and else December receipts (API-Last NEW YORK June 20— No 2 where proved a depressing factor car cent One Oats: up sale: No 3 with bulk of lamb offerings Oregons white nominally 27© 27 81 Air Reduction © 26 25 and Idahos rated 50c uncler last nominally 121 U Aliled Chemical Sc Dye 37 38 " week’s close Receipts this week up Nominally Aye: 24 ' Alils Chalmers Mfg to date foot up 91000 as compared Barley: Nominally 34 39 105 American Can with the 68000 actual arrivals last 28 American & Foreingn Power 20 — KAP) — week CHICAGO June Late too range lambs 70 to 30 U American Smelting & Ref — No 1 hard 78 corn No 2 80 pound average held at 700 with Wheat 16 American Steel Foynders 1 No mixed 57(4 57 yellow lower grades 6C0650 wethers are 171 American Tel & Tel 58 (4© 58 No 2 yellow 57 No quoted 25054300 with feeding lambs 109 American Tobacco 2 white 58 59 60 to 7 68 pounci weights at 500 23 Anaconda — No 2 white 26 No 3 '525 Oats 161 Atchison T & S white 25 447 Barnsdall A — No sales Rye 17 ( 4 Bendex Aviation INVESTMENT Barley— 37© 5I44 74 Bethlehem Steel — 7 50 'a 8 00 seed Timothy SECURITIES 23 Ts Burroughs&Adding Mach Clover seed — 115057 1850 6 Calumet Hecla Lard— 810 26 Canadian Pacific Ribs — 950 72 U Case Bellies— 950 16 Cerro de Pasco 4 37 Chesapeake & Ohio Chi M St P & Pacific 4:4 And Eggs C R I & Pacific 39 19 Chrysler 27 Columbia Gas & Electric (Quotations by Mutual Cremeary 77 Continental Oil Del Company) Corn Products 66 40 Cudahy Packing BUTTER 4 Curtiss Wright A 121 Delaware & Hudson ' 70 25 Butter print second Drug nlc 81 Du Pont EGGS 134 Eastman 21 extra farm doz Fresh poultry Electric Power fc Light 37 U Medium 17 doz farm poultry 21 Erie Railroad CHEESE 20 General Asphalt14 cream triplets pound 500 Utah Southern Oil! 400 42 U Full General Electric 20 1931 15 Loa f June 48 U General Foods OPENING SALES 35 General Motors Bullion 700 at 20c Eureka ButCHICAGO 20— June (AP)— Gold Dust 27(4 ter 18388 1000 at $115 Utah Park tubs unsettled creamery 11 GoOdrich 500 at 2 (4 c Rico exArgentine 22c (93 21(4 score) specials 3 Graham Paige 100 at $360 Coalition Silver King extra 21 firsts (4c Great Northern Railway pfd 51 tras to(9291 score) 300 at Walker $112 score (90 firsts 3 j Grigsby Grunow Zuma 1000 at 89 score) 1819c seconds 7U (88 to Hupmobile Motor Eureka Standard 100 at $150 (86 to 87 score 1717(4c standIllinois Central 48 41 "4 ards (90 score centralized carlots) International Harvester 21 c 12 International Nickel Eggs: 21686 rases steady extra International Tel & Tel 30 15c firsts 15c fresh 14cgraded firstspack-1 Kelly Springfield current ’ storage receipts 18 Kennecott 15 exed firsts storage packed 26 Kresge tras 16 c 184-pou- ! Seventeen Points Trade Active head and an increase over the 696 actual arrivals the same days last week An irregular trend to values has featured the market for cattle and calves No sufficient grain fed steers and she stock have arrived to quote an actual basis for compar- r) OMAHA June 20 — (API— (U S D A)— Hogs: 5000 slow desirable light and medium weights' mostly 10c to 15c lower than Friday -- no heavy butchers sold packing sows 10c to 15c lower top 1715 pn pound strictly170choice 180 to 210675® 710 to 230 pound bulk few 230 to 280 pound butchers 625 690 top packing sows 5 75 bulk all weights 460575r feeder pigs 600 650 stags 4500525 Cattle: 100 compared with week ago: Fed steers and yearlings steady she stock and bulls steady to 25c lower: vealers steady Stockers and feeders scarce steady fed steers and yearlings mostly 675 775 weighty steers 1417 pounds 785 medium weights 800 i several loads yearlings 825 865 few head 875 heifers- - b75775 few loads 780® 800 small lots 810840 bulk beef cows 375 5 25 cutter grades 225 3 58 medium bulls 350399 practical top vealers 850! few to independents 9u0 few Iotsf stockers UPWARD AGAIN Quotations Furalsted by By ELMER LENDE U S Dent of Agriculture Summary of the Ogden livestock market for weic ending Saturday: CATTLE AND CALVES Receipts for this week total 976 1931 LIVESTOCK STOCKS SHOOT Map By CHARLES F SPEARE (Special Correspondent of The o J Hog Trade Bright Spot On Livestock Market Railroad Application For Higher Rates Fails To End Decline (Copyright — Salt Lake Mining Stock Sales IN RECEIPTS WITH DECLINES Standard-Examine- 5— B EXAMINER INCREASE SEEN INTEREST LAGS t - -- 250-pou- nd 4-4- - In 300 Airports 4-- 4 ’ old-time- rs -- ' r Stocks Are On Their Way Up ! 5s ing of Commonwealth Edison reported to be considering a $100000-00- 0 bond offering of public service and gas Cleveland Electric Illuminating Pacific Power and Light and other corporations show that bankers are evincing greater interest in back-int- getting surplus funds j ' dustry Several American banking o ln-- J A HOGLE & 225 Eccles Bldg Ogden Utah CO 132 South Main Street Salt Lake City Utah |