Salt Lake Tribune | 1948-07-15 | Page 24

24 F A STOCK AVERAGES Net Low toui l Avalanche of New Financing Stimulates Security Market By THE SHIFT BOSS The large number of new stock market issues has created comment in various financial quarters According to the "Fitch Survey" current estimates place total expenditures by U S business on plant and equipment for 1948 at about $187 billion compared with $147 billion in 1947 And including funds needed for Inventory accumulation and financing of receivables U S corporations "may need as much as $285 to $29 billion as against $265 billion in 1947 Considering the continued high level I of cor- -- i needs from internal funds leaving Ai'Ai or about $125 billion to be financed from external sonrces Of this it is estimated $6 to $7 billion will have to be obtained ih the security markets of which some $156 billion would be in the to 100a Eaies me I 4 - 3t I 4 I Am Can A C A F A C Super 5i 1 Dirt Ask Loco 4 2h Am JL P ArlA''f A R A St S! 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Newmont NT CenRR! NYChiStL No Am Av No Am Col No Pacific! Nowest Air Ohio Oil 5 18 5 69 131611 35 11' 4 24 63 18 89 134 40 I 1 2l 10l 31! 36! 24 I 1941 St Jo Schenley Sears Roe 32! 34 Coal' Sinclair Oil! Socony-V- c j South Pac' Southru Ryi S perry Crpl 4 811 K 13' I 5! 28 21 1 3 58 23 44 314 73 60 L 1734 5 4 COMPANY 23 Years Experience Serving Over 17000 Clients Offices In Principal Cities ii - "4 ft - A 4 V I i 13- 104 3t 304 36 36 10 24 18 5 32 I 37 17 27 10 5 64 23 69 41 i i 1942 M44 1943 Bid I Big Hill $ 1 'S " 2Rf 65 13 24 70 j O0 08 03 06 21 19 1 52 - 02 054 5 75 75 034 03 05 10 35 5 25 (iO 03 0303 06 08 02 06 02 22 - 04 07 02 24 1 15 1101 024 03 03 3 10 11 00 37 '03 06 06 04 05 01 2 82 10 60 : 41! 22! i Utah-Wyomi- 6c i 6e 5c 23! i! I 1! 8l I 1 20! 1 i - 1 i62i 83 1874 186 Rnvhtini— 394 July Nov 310 Ijird— Julv 22t3 2327 2340 2455 Sept Oct NOV 834 18 X s 394 310 2280 2327 2340 2407 1 1 83 86 874 90 86 88 3 H7 387 3 06 22 70 23 IO 23 20 2437 METAL PRICES nutter 83 31064 2275 2310 2320 2337 2437 2460 Ninety-thre- score e 85c score 99c 92 score 88c Cheese Twenty-four-i- b 12-l- b L CHICAGO July 14 ( UP) Poultry — Receipts 34 trucks chickens weak - hens steady — Cheese Twins 49r5ic single daisies Swiss 60?63c 52p54c Butter — Receipts 823259 lbs firm Eggs (browns and whites mixed)— Receipts 20793 caaea firm for top lower -- ' grades unsettled NEW YORK July 14 (UP) — Dressed July 14 (UP)— Following meaay sra Wednesday's custom smelters prices poultry— t Live poultry — Firm for delivered metals (cents par pound Cheese — Steady single daisies 524 9 56 e unless otherwl designated): Butter — Receipts 1174600 delivered valley pounds Copper—Electrolytic 21 214 export fas New York 21 Eggs — Receipts 20472 cases steady G224: casting fob refinery nominal lake delivered valley 21 Lead—Common New York 1750 St POTATO MARKET Louis 1730 01733 foreign gulf ports CHICAGO July 14 )— Pots 17 t 1725 toes — Arrivals 131: on track 428: total u 8 shipments 430: supplies liberal de Zinc — Prime western New York 1265 mand slow market slightly wesker An Eajt St Louis 12 foreign gulf ports 13 sons Bliss Triumphs $4O0525: Call Kansas fomia long whites S420ef450: Lead lnc ronniers sz7BW3Z5: Missouri cobblers Sel!rment prlrs— 1750c 12c copper 2120 Texas a $473 $323j NEW YORK ! (AP-USU- 291 Geary Street San Francisco 2 Co! s D 80 $409-2130- MARKETS 00 Building Figures July 14 (UTAH-USDA- ) — Cattle — Total 395 market 270 through 125 Active strong on all classes with trade limited to smsll supply of medium grade cattle and she stock nu good steers oflered quoted $3000 li 3200 me- said "Of course" lie explained "they probably wouldn't do that They would shop around and take something they wouldn't have been forced to take before the war Prices Up 40 Domestic furniture v prices- are to 50 since the end of up 40 the war Mr Armstrong reported VI if - Drops Again Floor Stock Prices Vary Little In Dull Mart Trade Shift i lrw-ilro- all-tim- - market" - Sc m I Ta (ate &x- - J Rosebraugh national sales manager Philco radio division A and G A Rogers lower- presiHarddent Strevell-Paterso- n ware Co headed meeting on new radios and radio console models - : Radio Dealers See '49 Sets ' While television is to be a great tor more than 300 distributors in factor some day it will be many the intermountain- - area years before it alone can support Commenting on the fact that the of an Industry In the opinion of A day of shortages in availability sets Is past Mr Rose-brauJ Rosebraugh national sales man- home radio said: We are back to 'sellager radio division Philco Radio ing days' in the radio industry "We have instituted a program Corp new features and services for Mr Rosebraugh Philadelphia of our customers to push sales ' he Wedneswas Lake in Salt Pa City said day night to attend the first showAmong new 'features J in the ing of the new fall line of 1949 Philco line shown Wednesday eveconsoles and radio Philco radios at ning The showing was presented by record the Hotel Utah was a new to play the Strevell-Paterso- n Hardware Co much player designed "high-fidelit- y publicized album-lengtmicro-groov- e rec- ords developed by Columbia Recording Co G A Rogers president and general manager of Strevell-Paterso- n Hardware Co said that Philco Corp is the first company to place the new record players on the ' gh tne -- b Another example of price Increases is that a $25 kitchen mixer which sold prewar for $25 now brings about $4950: ' Labor Coats Price" increases have been brought about by increased labor and materials costs Hand labor is an Important Item in the manur f acture of fine furniture And ris ing freight- - rates overhead and other items must foe figured into price of the finished product he explained Profit margins of ' furniture dealers — striving to absorb some of the wholesale price increases-- are now comdown to about pared to 7 "to 74 - before the war he said -- Demand for Homes Slumps— Especially Older Houses m 55 lino- ng about 12 during that period-Som- e oriental and imported items have decreased in- price because the government has lowered duties "Take a living room piece sold to the consumer before the war for about $98" he said "It would cost from $150 to $169 today ' That's an example' of the local U S Sheep: Estimated salable receipts 7145 fully 50c lower qn lambs after slow start Businessmen dealing with the around six doubles choice 97 to 100 lbs Idaho range lambs $23 OO four loads federal government on interna99 lbs $3275 ten double medium and tional trade are going to be good Oregon whitefaced lambs $29 OO load 80 lbs feeders S2623: one load good from the state departand choice ewes $1100 sorted at $1100 NEW YORK July 14 (A)— Price shunted ment to the commerce department other ewes largely $1000 — Cattle: lines were thoroughly tangled in as the result of White House arUENKK July 14 Salable 2200 total 2700 calves salable Wednesday's stock market and bitration of a long jurisdictional fed steers and total 200 around 41 30 'cows 5 stockers and feeders all final prices showed a close mix- feud Business Week' magazine classes openiug around steady but dullness ture of gains and losses Wednesday on medium cows: several loads low lo reported e average-choicsteers $3640 37 50: some either way were less Changes held considers bly higher late Tuesday's record top $3875 two cars top choice than a point for the most part TRADE WINDS SAY: heifers considered 25c higher at $3825 am if IVio At" the niltset it e new high good cows $2400 ft 2600 few canners and cutters $17oar price level was heading down to good bulls $2150 1900 & 2550 medium to choice veaiers $2500 ward men lor several Hours quo3200 extreme choice $3250 medium tations responded easily - either to to choice calves $2400 3100 limited buvine- or sellino- Tn inr common to heavy good stocker and feeder steers 2700 choice held at $3000 dealings demand for rail and steel $2200 choice stock heifers $2850: common mixed steer and bull calves $2200 few slocks picKea up duc in tne Klast few minutes nf trading heifers up to $3100 gras-fa- t Hogs: Salable 50O tot- -l 1900: lost a little favor too groups export cotton mills are using July By LOU SCHNEIDER active after alow start barrows and fairly gilts uriiss-wrignt 260-lvacations to curtail output Thus and under steady to strong spots provided There is a tendency toward a mills fill the orders of unevenly higher good and choice 180 to day's fireworks In forenoon banks that the 260 lb $2975®3050 early decline in demand for homes $3060 be reduced and best held higher little - done top on heavier directors announced two dividends positions inventory butchers odd lots 320-l- b And that decline in demand is at the same time stabilize prices $2600: sows of $1 each which compared with steady good and choice under 330-l- b zoc paid in and 50c in 1946 lowering the price structure — es- That's smart business but of no $24 00 0i 2500 Sheep: Salable 3600: total 4S00 marpecially of houses built more than benefit to consumers Flood of Buying ket not established asking higher or above 10 years ago $3325 for good and choice slaughter Chemicals in Trap ' Due to higher labor and maThe news touched off a flood of spring lambs: buyers talking lower con— Hogs buying CHICAfSO July 14 costs of terials orders that literally newly prices The trade winds say that the Salable 900 total 11500: market tin the floor of the exr structed houses average above last chemicals industry wiil hit a fievenly steady to 25c lower most decline swamped on butchers over 250 pounds and on sows change Selling orders at the same year nancial booby trap when it faces over 400 pounds moderately active early time were But it's noted in various parts the cold fact 'that its completed canceled In about two out ciosea slow at oeenne with indications of poor clearance top $3000 most good hours the stock hit tne ticker tape of the country that new houses expansion program In 1947 brought and' choice 170 to 240 pounds $2925 f a gain of 1 points no longer sell While still a hole in on overproduction again at 9 3000: 250 to 270 pounds $2800 ti 2900 : on 2S0 to 300 pounds $26 50 2775 310 sale of 80000 shares a huge th§ ground ''The will benefit little to 330 pounds $2500 0)2650: heavier block of stock! It's also noted that premium from theindustry arms program and E R P butchers scarce good and choice weight imfor sows under 360 pounds $2300 & 2550: will not help That because foreign Trading remained open only six prices aren't being paid weights under 300 pounds at $2550 good minutes Not until the final bell mediate possession— as was the competition is keen Easing of sup375 to sows $2150 & 2300 245 to 550 pounds $1950 & 2075: around rang did the stock sell again when case a year or twd ago has developed in several lines ply d © The 1925 houses market $1900 for large weights soda ash and chlorine Cattle— Salable llOOO: total llOOA: a deal of 35000 shares was ar- new and old isn't what it was last especially a net gain of 24 calves salable 600 total 600: fed ateers ranged at 10 Also several of the largest firms and yearlings steady to 75c lower medium points and a new high for the year In fact units 10 years or soon will find themselves carryand good grade steers off most: heifers the day 146000 older are hard to sell During steady to 50conoff largely steer run: early year high - cost plastic - making mature steers $411 Oil on shares changed hands It's also noted that the price ing top $4050 Recent production improveplants yearlings anil $3900 all time tilth on At the close the bid yas 10 i structure on small dwellings a ments not only sharply cut costs heifers cows steady to 2Sc few years old isn't going up but but will force lower prices lower canners and cutters SI 600 (Si 20 OO and the asked price 10 good href cows $2600 UD 28 OO: bulla firm tends down rather at $2600 down: veaiers steady at $3200 Oil Stocks "The one oustanding "hoYne" RKO Bomb to Come Strong down Sheep — Salable 1500: total 2500: spring in is the oil in section apartments the shortage Strong spots lambs 50c lower: yearlinxs and ewes Howard Hughes new RKO good and choice native spring included Skelly steady up 2li at 155 larger cities There'll be no hous- picture boss as yet hasn't made lambs $3150 ev 32 OO top $3200- - some and Richfield build3 ahead at 44 Ts- ing relief until that type of good spring lambs $3100: three any aboveboard changes In studio decks good and choice shorn yearlings with Also higher were Santa Fe ing booms management and operations But Ro I pelts C2S30t2900: deck medium 1174 2 ) Illinois Central (up to good grassy kind $2500: load cull employes from the top down ex-British Face Facts : common S ewes and western Steel 834 Bethlehem $9 00 434 U pect the bomb to burst any day:' lew cnoice shorn native ewes up to $1200 37' The British government" isn't Because Jones and Laughlin 37 of jitters they can't get Curtis Publishing 13 (up being influenced by Wall Street's themselves to do their best work ' Atlantic Coast Line 62 Schenley bullish speculative attitude LonNEW YORK BONDS 324 Radio Corp 14 and Chrys- don faces facts and sees an onWEDNESDAY'S QUOTATIONS ler 64 4 coming business letdown in the CORPORATION BONDS On the losing side were Mis- United States Sales in $1000 'Sales' Close I Chg souri - Kansas - Texas To meet this economic decline preferred Nickel Plate Mission Corp West-inghou- the British within 60 days will Am Tel A Tel 24 a 75 6 96 Am Tobacco 3s 69 141102 Electric Anaconda Cop- announce a 25 cut in retail prices Atchison T A F 4s 95' 6 122 Sears-Roebuc- k A and Douglas of dinnerware "On a long-rang- e 3! 77 BltimoreAOhlo6s 93 Jl per 1 do 5s 05 G basis the cut Aircraft will aid sale" price do 5s 96 M i:Vi8 JLT do 2000 K OS Railway bonds moved erratical- when the crack comes 10S" 564 do cvt 4 s 2010 U S government issues held American - made china ly 191 95 Canadian Pac 4a perp in the overrthe-countis already in supply Central Pac 1st 4s 49 6 102! steady glassware I fi fli CMSPAP cvt 20441 market with the bank-eligib- le And trade advices are that prices Cleveland U T 4 s 771 11103'i 1967-7- 2 within the next s D A R G W 2'as of September 93 up will break 20 i oi ' K! 1 03 Detroit 3s 70 106 6-30 bid at AGENCY COMPANY days Erie 4 s 2015 7 73 Quoted higher in the curb were Illinois Central 44s 66! 32 87 4 Dial Mills Cotton Curtail Cities Service Salt Dome Oil 1109 Liggett A Myers 5s 51 ' M 8 P 8 S M 4s 91 16 519 BOSTON BUILDINO com290000 of Turnover shares 81 7741-9- 6! 1st 4s 90! With adequate supplies to fill all Missouri iPae 49 M pared with 270000 Tuesday foreseeable demands domestic and do 5a 78 G 6 86 Skelly's sharp advance followed do gen 4s 75 39! 47 4 N O T M 5As 54 commor 2 96141- of a 10 declaration N Y Central rfg 5s 2013! 16! 80 stock dividend which topped ' a 8! 73 141 do 4 s 2013 A ' j do eon 4a 98 24 $250 cash payment last month 18! 65 Northern Pac 3s 2047 Penn RR 34s 52 19 99l- St Louis S W rfg 5s SOI 10101l- INVESTING COMPANIES 81 J 1: 5 Southern Pac I do 44s Oregon 77 7103 inc Southern Ry gen 4 s 561 II 96 Bid Asked Union Oil Cal 2 4 s 70 3 99 STOCK : CAPITAL I 21 81 1 Affiliated Fund Iocl$ 4 45 $ 4 87 Wabash 4s 81 4 05 501 Amer Bus Shares Western Union 151100 444 1 54 1 69 Dividend Shares 5! 102 Wilson A Co 3s 58 Prospectus on request 27 01 i How Bal Fd Wisconsin Central 4s 49' 381 70 25 26 Eaton ' 6 39 Mut Fd First Trust 5 75 AUTHORIZED DEALER Total bond sales Wednesday $3360000 16 88 15 40 Fund Investors Ine week ago Keystone Cstdn B-$4390000 previous day 26 99 24 74 two $3563800 year sgo $6115000 do B--3 16 70' IS 22 Jan 1 to date years ago $3586000 4 9 91 10 82 do $627917780: year ago $565288400: two 16 63 : 15 24 do years ago $764666200 5 86 5 DS Members New York Stock Exchange ± do 4 13 92 Bal Fd Nationwide 1495 7 39 8 OS 132 Main Street Salt Lake City 1 Utah N Sec St-- r Pref Stk S L BANK CLEARINGS 4 791 N See Ser Income 5 23 o "" 1 5 64 16 82 Putnam Oi Fund Telephone — $10515 Wednesday's clearings 1 520 20 27 6 Russell Bera Fd 77 4 7rifi oo ITnlnn Same day last year 22 SO 20 S5 Pf Stks Fd 1141 ssto Tuesday's bank dehils I 18 02 I 1743 Sams day last year 610746100 Wellington Fund lAP-USD- 'coverlngsr-includi- leums and rugs— have gone up S- 00 i4 - h' market More than 45 new models were demonstrated at the dinner meet- ing Mr Accompanying Rose- braugh was A W Kurz Denver manager of the newly- formed Rocky Mountain sales division - (AP-USD- You Can Work Belter 425-poun- 600-poun- 975-poun- it : v Sleep Dcllcr During Hot Wcaihcr fv5 d ? 1) INSURANCE se NAME YOU CAN TRUST and er 48 CONTINENTAL 3s-4- 7-- i rigidalrc 32 I 5lli 5s 29! I 67j Russell Berg Fund 4s I I 4s : I room J A H ogle B-- 8-- 2 8-- o-- ! I a Co air conditioner In your hem or in yovr office) nothing brings you such cooL welcome) comfort as Frigidairo air conditioning This officiant compact room air ditionor is quickly oasity installed in tho window of your homo or office It cleans air of pollen dust and dirt Circulates comfortable) conditioned air mechani—no draft! Hot Meter-Missm covered by special warranty er Call Today ! I 2 1 - Oil Production NORTH 84 LT LAKE s - 53 52c triplets loaf 52c b longhorns 53c O x y Karro sales representative for the electrical accounting machine division of the Salt Lake office International Business Machines Corp is attending a-- three-da- y meeting cof the firm's sales honor organization the 1947 Hundred Parcent club at Endicott N Y this week G m 29e May Uvm t 1948 742c Furniture prices have doubled prewar days but dealer profit margins are slimmer Rollin S Armstrong president Utah Furniture Assn said Wednesday "If a young couple- spent $500 on furniture before the war it would cost them about $1000 to he buy the same items today b : 15! 13I 10t f lOO i- n 2 SO I j -f- Attends Meeting W n IO Bug Com ' 120 ket" -- 12 i ConOil day This compared with $184282000 for a like 1947 period Ogden figures were $54681000 and $57919? 000 and Boise's $65174000 and $56574000 respectively For the first half of 1948 and 1947 in that order debits were: Salt Lake City $1265217000 and $1090645000 Ogden $317838000 and $298163000 and Boise and $374472000 90 1254 Harmon N T A Hogle A Co since 1 02 024 18 03- 50 04 04 1 75 40 04 31 02 44 I 160 LIVESTOCK I k 21l 68i 68! 86l 33! I A J Prices Double Since 1939 'm On Furniture of clearing the atmosphere or before sellers and consumers find themselves in the midst of a fiercely competitive buyers' mar- Construction in 11 far wastern states during June topped that of a year ago in dollar valume by 677 Western Building magazine 04 1 65 reported Wednesday Building per43 mits issued in 227 western cities 3 NEW 04 YORK July 14 (TV-Cr-ude common dium $2800 13000 $2400 w and counties in that period totaled 31 oil Oo 22 2700 g04prtfers absent quoted $27 production has declined $174632895 Salt Lake City stood 14 $2400 2700: 24 th oh the list which was led for the second straight week the 04 lew good young by Los conipfon S2000 tt 09 Angeles CaJ Spokane American Petroleum Institute recuWs 30 with mediums Wash and brought $2300 San Francisco Cal 02 ported Wednesday 07 $1850 n 2000 cutter and common $1700 05 canners $1500 if 1700 good Gasoline production was up but 1800 Tractor Production 05 04 - Dcef bulls brought $'550 with Dulk mestocks were sharply gasoline volTractor and production 16 dium to good $23 o0 2450 good to lower 72 ume of retail sales of farm dropolnsr 1197090 barrels choice veaiers bulked from $3000 u 3200 05 in the week to 102948000 barrels with strictly choice up to $3300 medium equipment reached an all-ti14 30 $2500 'W 2700 package good to choice peak of 238214 units during the Daily average gross crude oil 07 500-lstock heifers brought $2800 no first half of 1948 compared with : 35 decreased to 3400 barrels output f 05 2600Kj 221574 for a similar 1947 pegood stock icalves offered quoted i in the week ended July 10 total04 2800 riod : and Tractor 08 Implement with ing 5480000 : compared Hogs — Total 770 market 201 througl) magozin reported Wednesday ' 31 15 5045350 a year ago 560 Prices steady good to choice lo tjo 02 iL 240 in butchers $2il50tf 3000 240 ' Prices Steady 20 Refining companies with 90 260 lbs $2850 V 29 OO 260 to 280 l(s 02 of estimated daily potential re39 were Prices 3O0 to P lbs 260 it $2620 2800 steady Wednesday ported operations indicating the $2750 06 at North Salt Lake lbs Union stock2700 300 to 330 6 $2550(2600 UOfc 2450(t(-2t'0with ID to 360 industry as a whole ran at 99 330 03 with best yards hogs selling at of over 360 lbs $2350 2400 choice light 22 capacity to send 5791000 barr 30c lb 32c lb untit-lbs sows and top cattle at JJOu 40 07 j((i weight to 40 Itm $2000 over 450 lbs aitt oo sheep quoted up to 30c lb On pro- rels of crude oil to the stills daily 33 82 Very little oiiereu The previous week the average 16 Hneep— Market witn prices steady good to choice trucKra-t- duce row 03 apricots wese going iambs quoted $2800y 3000to strong Raspberries and cherries was 5701000 and a year ago 03 spring 5268000 barrels a day good medium and good $2400 Op 26O0 20 900 6 were Deing cleaned up choice truclied-i05 slaughter ewes Heavy fuel oil production was 55 1100 estimatedat 9141000 barrels — 06 EstiCattle: Views 14 EN Steel (USDA) (Mil) July Pricing 05 with 9055000 the premated salable receipts 250 very little of compared 177 steady lew Steel magazine Wednesday vious week and 8666000 a year quality offered nominally 43 common 'k slaughter steers $22auu23 05 heifers $24 OO w 2ttOO viewed adoption of the FOB mill ago few Light fuel oil output was 32 OO: medium tlSOO even good cows $2100 toto23 common forcing corrective measures estimated at 7438000 against 02 OO cutter $15 W2050: 47 r 1750 good tu choice veaiers $2800 w pricing basis by U S Steel as 7185000 the week before and 12 32 OO common to medium $220Ou27OO before action has the that barrels 6004000 "prompt 12 year promise 75 salable Estimated receipts Hogs: 09 was t choirs 180 to 240 estimated Gasoline market goud production steady 3 00 lbs butchers $2l50 W 3000 240 to 260 at 18244000 barrels against 06 260 to 280 lbs lbs $2850 if 2950 09 last week and 16255000 280 to 300 lbs $2650& $2750v2S50 26 a 27 OO: 2750: 300 to 330 lbs 4? $2600 over a t ago year 20 360 to 360 lbs 330 $2450 2600: 04 sows choice to lbs good $2350i2450 1 65 choice lightweights $2300 $20002250 06 42400 C-- F 22! 38! 30l l— rl — iI a i—l y —— 00 F By r'-'- tlfine lTSOe J20fV Silver (Handy 23-0- 044 33 '4 xdo pfd I 1 U ©30Jiip-rdiulhxklnd- 19 xNevada Metals xUtah-Wy- o l t— 1 1947 1946 Asked 08 $ 04 18 07 32 28 13 32! ' i 02 02 18 02 34 05 05 02 Park Premier xPark Utah 24 Ploche Bristol 19 Plumbic Mines 3 - 1 Pint us 55 xPrince Consolidated 40t-13- ! Mining xProsper 13xRlco Argentine 5V41 xRoyston Coalition xSllver King Coalition 33 28 Silver King Weatern 1 xSKver Shield 204 62 xSilver Standard Sioux Mines 49 30 4 xSouth Iron Blossom £:uth Standard 114 25 xPwansea Conaolidated 71 xTaeBabv Tintic Central 51 4 xTintlc Lesd 85 4 37 xTintie Standard V Union Chief 174 28 Utsh Consolidated a xUtah-Idah10 5 65 24 70 41 05 02 02 16 06 31 03 40 40 03 30 21 11 03 Keystone xLakeside Monarch XLeonora xLlttle Msy xMadlson Mines Magnolia Lead xMammoth j Miller Hill xMinera Gold X Moscow Mt States Pev XMountain View xNaildriver- o 1 08 29 01 T05 03 04 03 08 67 03 13 28 03 30 02 03 05 h xNew Majestie xNew Park xNorth Lily xNorth Standard xOhlo Copper Park Bingham xPark City Con Park Konold Park Nelson uu J945 Market S L Slock Bingham Metals Bonanza Mining x Bristol 8ilver xBuIlion xCardiff Centra) Standard xChief Consolidated xClavton Silver xColorado Con xColumbus Rexslt xCombincd Metals ' xComet Coalition xCommon wealth Lead xCbnsolidated Eureka xCrescent Eagle Oil Croff Crown Point x Dragon East Crown Point xEast Standard East Tintic Coalition xEast Utah Empire Mines xEureka Bullion xEureka Lilly Con Eureka Mines xEureka Standard Gold Chain xGrand Deposit Great Western i xHorn Silver xHowell Indian Queen " i i C Pee AY i MUUI'IIXIl ij 'I "I CLOSING PRICE JUNE 15 1948 WAS HIGHEST SINCE AUG 26 1946 mil n j m iiyji nomtm MoFHrhni iMliii iaa!:0 1941 hTH i f h wfvw-i-f- $223-9940- 140 t I 'mi wij-f- 32 02 Victor Consolidated 06 xWestern Alloys West Toledo 41 06 ' R3 8 031 xWilbert 84 ' Mi 17! 30 30 V 30 03 xYsnkee Consolidated 51 1 07 05i Zuma 50 Ol 12 Tranaamr I illl 124 12 xOperatlng companies Air! 14 14 13 TAW Tri-Crn 9 33 9 WEDNESDAY'S SALES 94 101 20 20 Twent 204 Operating 1! 58 4 584 584 Underwood 711 42 Cardiff 10O at 32c 1000 at 33c 42 42 Un Carbide Columbus RexalL 100O at 31c 100 at 38 37 Un Oil Call 26 38 181 86 32c 1500 at 31 e 96 Union Pac 85 13 Combined Metals 100 at 21c 14 llntd Air LI 67l 14 Crescent Eagle Oil &oo at 20 29 tlntd Aircrl 10 29 3 3 48! 3 Untd Corp East Utah 1000 at 70c 25 at 65c 54 18! 54 63 Eureka Lilly Consolidated 500 at 29 c I'ntd Fruit 12! 17 17 U 8 Lines 500 at 29c 164 U 8 Rubber 47 121 47 Grand Deposit 10O0 at 4c 474 21 534 53 U 53 'Madison Mines' 200 at 22c 2000 at 21e Smelt 4 If 8 Steel 74 83 106! 83 82 States Development 500 301 244 23 Vanadium 244 14 at Mountain 19c 10 10 Warner Pic 291 11 Ohio Copper 300 at 31 c 100 at 32c 41 4' West Autol 2500 at 31 c 15! 22 West Union! Tintic Lead 500 at 23c 4000 at 22c 38 38 WesfRh Airl 201 V" Tintic Standard 50 at $115 300 at 29 4 $115 2941- Westg Eleci 50' 21 White Mtoj 12! 21I- Oil 8ft at 19! 11 Willys-O- v 1041 11 ) - 4 35c 15 at 35c Consolidated 47 l Wool worth t 121 47 t 47 Western Alloys 17600 at 31 68 WriRley Jr! Nonooeratlng 86 I 231 87 Young FT Indian Queen socio at 24c 141 33 3341Zenith Radl Union Chief 1000 at 24c West Toledo 1000 at Total stock sales Wednesday 1340OOQ aco 816-17- 0 previous day 1200000: week Ct'RB SALES year ago 1068550 two years sco ' 821250: Jan 1 to date 178132507 Operating two years ago year ago 138000440 Cardiff 1000 at 31c 206056783 Columbus RexalL 2000 at 30c Combined Metals 1000 at 21c Roystoo 200O at NEW YORK CURB Nonoperatlng West Toledo 1000 at 6c Sales in Hundreds! High Low iClose 31 Amer Superpower 141 14! 14 23 Bunker Hill A UNLISTED STOCKS 1 1 5! Chief Con Mining 62 V 62 i 39 Cities Service 4 10 Bid Asked II 1 o 4 10 Oennison MfK A 74! El Bund A Share 1441 15 8 12 13 XAmalg Sugar pfd 1$ o 90 Hecla Mining 3' la 60 50 j Con Wagon A Macn Kaiser-Frsze- r 291 10 10 6S 00 xUtah Fire Clay 75 00 1 New Park Mining 10 14 uo com B tan 50 22 xi: 22 Lt fow 9 42 NlaK Hud Fow ( 75 00 65 00 "2 3 3 IZCUI Northeast A Lines! 24 83 601 83 83 Quaker Osts 12 2! 12 Technicolor 124 Trans-Lu- x 2! 5 5 I 4 OVER THE COUNTER 7 20 20 United Gas 21 16 U S Foil B 16 16 I I Bid Asked 21 21 3! 22 Utah Pow At com $ $ 815 785 Sugar 290000 Amalg Total stock sale Wednesday 8 90 do pfd 915 shares year ago 251520 share 7 50 7 00 Equity Corp 62 00 53 50 First Security Corp 115 2200 125 Independent Coat Mountain Fuel Supply 2150 GRAIN FUTURES Utah Fund 1131 Utah Horns Flra Ins 118800 1193 00 I CHICAGO July 14 fAP Utah Oil Refining 1325 1375 Close Low Open Utah Power A Light I 22 00 I 22 50 High wnar— 15 00 14 50 Oil Utah Southern 1 S2 27 : $227 $228 July $228 6700 17100 ZCMI 2 294 229 2 31 Dec 231 231 2 274 227 228 J--r 228 May Corn— PRODUCE MARKET 04 208 2057 ( 208 July 78 180 180 Sept 1784 rec 61 KggeX 162 162 162 62 163 163 May Wholesaler to Retailer Oats— A A 62 Grade ©63c: grade A large 89 89 384 894 July 58 4i 61 c medium 57 4t'58e grade B 82 82 82 82 Sept large 53 q 56c 83 83 83 834 Iec rec Vt - 73 85 28! io 4 38l 14 13! 38! 25i 26) 13 71 51 36' 52 47! R5 37 r! R V4 604 68 V4 674 as 39 431! 44 18931 r wjj )A 'stlJ inii iiiiiUliii mm Debits of Salt Lake banks for the month of June totaled the Federal Reserve Bank of San Francisco reported Wednes- 180 Wednesday" r Li 200 19209 I I'M Kennebec Mi 22 2 29 46 21 13 58 23 44 32 46 KghFryy Low Kentucky-Uta- 104 224 2 30 11 25 30 16! 11 - 34 204 604 48 221 25 21 71 ioi 34 10 28 87! 20 28 62 21! 49 Pniese! Jncl GK $4pfl Std Oil Cat' Fid Oil !nd' fstd Oil N J Pter Drtitr Stn A Web' Stude Corp! Sunsh MnjE TelautoEr I Texas Co ( Tex O Prd! Tex O Suit Tex P L T Thermold i Tde W A O' Ttmkn R B' 13 39 554! 55 31l 32l 404! 40! 10 33 6T 29 Simrans Col - 16 26 13 40 26 i4 4 ' 4 1 4 - 11V4 16 : Rcy Tob Royal Type Bafeway 63 18 11V4 32! 16 301 26 171 101 184 f 18 31611316 24 24 63 174 88 PacGasAK 15 34 S4 5 Packard M Pn Am Air! J't 10 Pa ram Pic 37i 23 51 2 Park Utah 13i 29 Parke Dav 13! 47 JC Pennry 381 21 Penn RR Pepsi-Col- a 144! 134 Phelps Dp : aii 58 24 Phila Klec Philco Corpl 14: 444 Phil Morris 24' 354 Phillip Pet 19! 7341I 12! 61 Plytn Oil Proc & Ga II 684 Col! Pub Sv 39 i J 17! 44 Pullman Pure Oil 38 4I 14 Radio Corp! 3! 7T 51 Reading C 91 134! Rem Rand 24' Rcpub Avi! 72' Repub BtlB 631 Jii GEORGE sTm 91 1MT4I I 4 4 21 Gl ttbO-- 2841 234 2 2S4 3741 37'4 4 4 I 444 444 46 AVERAGES ' u'sJVl -- 160 - Ciige I 2141-A- ir 23- 23l 1151 24HI AlSeghany AI C A D Allied mr Aiba-Mf Am Airln Close 21! ?j 21W Adam Ex Redue t 180 Since new issues during the first four months of 1948 total about $2 j billion the Survey suggests that the over-a- ll minimum of $6 billion for all of' 1948 might be S 220 11 ! ' ! stock market D0W-J0NE- L Banks' Debits for June Total Near $224 Million 140 i NEW YORK STOCK EXCHANGE STOCKS J High) Low iiiii n I m ' Silver (IT S S t - reachedprovided markets are not downed under the burden of new financing and comments: "The improved climate in our 1948 security market has made porate profits it appears la the new Issues pop up like flowers in Survey that it seems fair to spring Will the new issue avathat business will again be lanche halt the advance ? Sounds like a fair question able to finance about 56 of its as-u- BASED UPON DOWJONES AVERAGE OF 30 LEADING INDUSTRIAL STOCKS ON THE NEW YORK STOCK EXCHANGE " 2°iTT!Tr EXTREME PRrCTRANGT i i i 111 11947 W48i Beied Upon Daily HIGH June U 19449 s'iii li Clot ma Price July -L0W Feb-- ' ' 164 H: i 8 ' 200 MY 19 :! LAS WfctM Ia4 Zine BUSINESS NOTES Average Price of 30 Leading Stocks METAL QUOTATIONS Copper Intermountain Business News Mines and Markets ehire nnch 3 unch rjist: 974 Sfi5 5)71 474 4S1: 43 422 419 421 724 716 722 Hitch 90 Industrial 15 rails 15 utilities 0 THE SALT LAKE TRIBUNE Thursday July 15 1948 4- AVAILABLE IMMEDIATELY W H BIMTZ 433 W 3rd So Ph CO 21