| OCR Text |
Show no The Salt Lake Tribune, Tuesday, April 19, 1960 Up and Down the Street lo Here ami There in b usiness OFFICFHOURS t If Linde, Geneva Eye Plant for Oxygen U.S., World Copper Mines Hit New Peaks in March Dow Jones Service By Robert W. Bemick Tribune Business Editor Construction of a multimillion dollar oxygen plant serving Geneva Works has been proposed In the steel industry, it was reported Monday. Linde Division of Union Carbide Corp. said that it had . iWu. talked the proposal over with Steel officials. But the steel people said that they had not yet entertained any formal proposal from Linde or others in the oxygen business for the plant. However, more and more of the industry is moving toward increased use of oxygen in as it greatly reduces furnace time and corhikes annual ingot respondingly production. This, of course, has effect of reducing steel costs. Thus increased availability of oxygen at Geneva Works is at least an ultimate must observers said. Linde on Monday announced on national basis it projected expenditure of 50 million dollars in the 'construction or expansion of 16 oxygen plants most of them adjacent to facilities. ; . In its program, Linde builds and owns the plants and sells the oxygen to steel companies. of production are nitrogen and rare gases, such as argon which is finding increased use in electronics trade and the welding of new metals . such as titanium. J They sell them' down A V,. steel-makin- steel-makin- U.S. and forNEW YORK eign copper mines In March produced record tonnages for any month and shipped more copper on a combined basis than ever before. g g at the newsstand, you know. Pretrial Hearing On Ore Suit by Idahoans U.S. Slates By Associated Pres IT IS A NEW record for foreign producer shipments and the best for the United States since June, 1959. U.S. producer stocks dipped a bit while foreign producer stocks increased slightly, despite this record activity. THE RISE IN world production of copper and shipments reflects the return of U.S. mines to full production following the recent settlement of prolonged strikes as well as increased output from new mines and expansion of other mines. Total U.S. mine output and scrap intake for March amounted to 117,161 tons of which 107,995 tons came from mines, a record, and 9,166 tons, from scrap. lost at least five million dollars April is because the Atomic Energy A pretrial hearing will be held Commission failed to go here June 15 in a with agreements to through suit filed against the buy uranium. . government by Wallace, Idaho, THE SUIT WAS filed last plaintiffs. September by Jack D. Cay, ROALD A. HOGENSON, trustee for shareholders of Court of Claims commissioner, Northwest Uranium Mines, said issues will be clarified at Inc., Northwest Uranium - THIS COMPARES with Feb ' Mines and Silver Buckle Min- ruary total output of 98,527 the session. The plaintiffs claim they ing Co. tons, with 85,899 tons coming Washington, - New York Stock Market Dow GENEVA WORKS HAS A NITROGEN plant which currently produces 40 tons daily of oxygen not nearly enough 4 to satisfy the furnace demand for the gas at Provo. Jones Averages Furnished by J. A. Hoyle & Co. Memben of th. New York Stock Exchange Plant Would Cost More Than $4 Million It is estimated that a plant with minimum output of 400 tons a day of oxygen would be needed at Geneva Works. Such a plant would cost four to five million dollars, The Tribune r was told. Added amounts of nitrogen could be made available from such a facility. Currently, Geneva Works nitrogen plant utilizes gases from coke operations to produce nitric acid, ammonium nitrate and anhydrous ammonium. Markets- The following old and asked quota, tlons are obtained from the National Assn. quotations Securities Dealer committee. They do not represent actual transaction! and are Intended es a guide in the ranee within which these securities could have been sold (as Indicated In the bid column) or bought ae Indicated in the asked column). 425 25 50 500 ARGON MAKES UP ABOUT 1 per cent of the earths atmosphere. Others besides Linde Division of Union Carbide in the oxygen plant business in the United States are Air Reduction Co. and Air Products Co. German Linde makes oxygen plants for industry, but does not operate them. Texaco to Drill Uintali Wildcat Texaco, Inc., will drill a wildcat well on federal leases controlled by F. S. Prince, Salt Lake attorney, north of Red-wasPool, Uintah County, it was reported Monday. h LOCATION OF THE F. S. PRINCE Govt No. 1 will be the south line and 659 feet from the west line, Section 10, Township 7 South and Range 24 East The wildcat will go to 5,560 feet into the Wasatch forma-tion- r 560 feet from Utah Oil and nounced that E. D. previously reported Cracken formation northern San Juan THE LA RUE FEDERAL NO. will be drilled 2,175 feet s feet from the east from the north line and 669 and line, Section 15, Township 27 South and Range 22 East nine-tenth- Mines School to Note Seaton Aid ary Interior Secretary Fred A. Seaton will receive an honordoctor of engineering degree at 1960 commencement cere- monies of the Colorado School of Mines, apparently in recognition of his repeated emphasis for the need of a sound natural and mineral resource policy fostering both conservation and wise use. THE COLORADO SCHOOL OF MINES said in a handout announcing that Secy. Seaton also will be commencement program to further speaker: "He has directed a long-rangresearch and exploration for mineral resources on U.S. soil." What long range minerals program?. e r Texota Encouraged Poors Closing 500 Stock Index & Industrials Railroads Utilities Stocks by Find Texota Oil Corp., a Denver Independent which in recent years absorbed two Salt Lake firms, has recorded $ major extension of the Reimers Field In Cheyenne County, Neb. Banks Mondays Quotations Sales in 100s Closej Chg. Sales in 100s IClosei Che. ACFIND ACFWri Admiral Air Rede AAlegLS AlliedC AiliedL AlliedSt AlUsChl AlumLt ALCOA Amrada AmAirl AmBsch AmBrdP AmCan AmCyaa AmDist Am&FP AmMFd AmMeiC AmMot AmPtsh AmSmlt AmStd AmStlF AM TAT AmTob I Am Vise AmZinc Anacnda ArmcoS Armour Atchsn AtlRef AUasCp AvcoCp Babcock BaldLH Balt&O Gas Conservation Commission also anLa Rue, Athens, Tex., had formally filed test of the Mc- Bathlr location for a 10,000-foo- t Beil Air at Moab anticline in the Lisbon area of Bell&H Bendix County. Benguet 1 - 361 28 561 Best&C Bestwail BethSt BiawKx BoeingA Borden BorgWrn BmsBlk BucyErie BuddCo Burllnd Brrght CalPckg CalahnM Cal&H CanDry CanPac CaseJi CaterplT Celanese Celotex CerodeP Certntd Cessna ChadGth ChanceV Ches&O ChMSPP Ch&NW dopf ChRl&P Chrysler CITFin CitiesSv ClarkEq CocaCoia Colgate ColoFIr 14l- - 43 65 i 1I 3136 4i 44 1521 81 621 251 12i CBS 301 501 ComSolV 481 ColGas CmCrdit - 49 14 14 25 20,18 7Vj 8 41 Vs 55 50 11 59 5 55 50 32 245 31 25 96 V 40 64 Vs 78 19 30 22 60 33 64 40 123 52 44 13 8 90 3 73 22 800 29 14 34 32 44 36 14 -9 32 460 95 101 106 94j 35 4 15 64j 63 34 61 33 V 24 36 5 13 35 15 V) 34V 47 19 - 45I 41! 23l- 46 61 1 V FirstAm FUntkte FlaPwL FoodFair FoodMh Ford FreeptS FruehTr GenAcct GenBk GenDyra Gen El GnFoods 1 GenMtrs GenRfcrt GenTelE 1 GenT&R Genesco GaPac Gillette Gladding GlenAld Glidden Goodrich GracWR GrhPaig 2 GraysnR V GtNOre GtNorRy GtWSug Greyhnd GrmAirc 1 GulfOil HercPdr Hilton HoffElct HollndF Homestk Honolul HouseF IV HoweSd IdahoPw ay IdealCm IllCent IndRay InlandSt Intlake Vs 1 SocMob SoCalEd SothnCo SoPac SoRy SprryR StdBmd StdOCal StdOInd StdONJ StdOOh Stauffer SterchiB Stone Wb StudePk SunOil Sunray SunshM Swift TennCp TennGs Texaco TexGlfS Texlnst TexUt Textron Thiokol ThmpR Tide WO TimkRB TrAmer TranWA TriCont TruaxT 20thCen Undrwd 2! f V IntShoe IntT&T IslCrCl JohnsMa Jones&L JoyMfg Kaiser Al KanCtyS KelseyH Kennec KemCL KerMcG KimbCk Kresge Kress Kroger Lear Lehman LOFGIs LibMcN Ligg&M Litton Lockhd LoewsTh LoneSCe Lorillard Lou&Na Lukens MackTr Macy MadFd MagmaC Bfagna MarqCm Marqrdt Martin McIntyre McKesa Merck Wool Market COMPACTS ..CADILLACS 449 SO. UTAH MAIN SYSTEM INC, LICENSEE Employes of the Jewel Tea Co., Inc., in the Salt Lake 1959 received area credit for $6,956,942 to their ao during counts in the companys profit sharing retirement plan, J. R. Willie, branch, manager, To Close for Week YOUNGSTOWN, OHjO Truscon Division of Republic Steel Corp. Monday announced it will close Youngstown plant this week because of Tack of orders." It will resume operations April 25. Steel Plant Curtails CHICAGO, ILL United S.L. Bank Gearings Friday's Bank Debits Same Day Last Year Monday's Clearings Sams Day Last Year $26 645 246 00 24 496 07 6 00 29 9 4 $64 67 33,398,761.32 S.L. Produce St Eggs prices by loose dozen Grade A A ill A large medium 36 i B large 30. Cheese Mild loaf $1; mild longhorn 41: mild triplets 39 Butter 93 score 70; 92 score 68; $0 score 87. 4 NEW YORK, April 18 (AP) Woo! tops futures were easy Monday on commission house selling. Wool futures were Irregular. Trading was curtailed partly by a' holiday In London. - Wool futures dosed .$ of a cent of a cent higher. May lower to 119.1B; July 119.6; Oct 121 0B: Dec 122 5; March 123 0B; July 123.0B. Certificated wool spot 119 ON. Wool tops futures closed unchanged to 1 0 cent lower. May 147. IB, July J 155 6B Certificated spot wool tops 147.0N. B Bid ft Nominal, Mutual Funds Mondays Quotations Bid Asked Eg g Market LOS ANGELES. April 18 Eggs! Prices to retailers f o.b. distributor plants (delivered 1 cents higher) AA extra large 42 AA 45. 38-4-A extra Urge B A Urge Urge AA medium Urge A medium AA small 26 a small consumers AA 27, A large 49-5AA medium large 48-5A medium 43-4AA small A small 33-3- 9 184-1- 9 Poultry: Fryers (at ranch 5 17. roasters (at ranch) 10-1Hens cross light type hens Butter: Prices to rets iters grade 7L AA A - . Mondays Quotations OGDEN, April 18 (USDA) Cattle 1,750.' Slaughter steer and heifers iprlaing about 30 per cent of th supply, including a large proportion of Holsteina; cows nearly 50 per cent, Stockers and feeder around 20 par cent. Trade more active than in recent weeks on ail slaughter classes, most of Stockers and feeders being held for late afternoon aale. Corn- - ous small lota average to high-goo- d Total Am. stock sales Monday, 1.060,000 shares; 1960 to date, 77,546,107. 24 00-2-4 22 50- 75, tUndard to 23 73, utility to standard Holsteins 00-21 18 60. Equivalent o, on carload average-choic- e with a few head 5 lb fed heifers 26 80-2-6 90. offerings, Mondays Quotations 25 40-2-5 sizable lots 60, 24 00-2to high-goo00, average 50-23 22 to standard 50, utility to standard 18 00-2-1 50. Commercial cowa largely 17.75-1- 9 00, a few standard young cows up to 20 40, utility 17 00-1- 8 00; cutters 15 00-1- 7 00. canners largely 13 4 00. ahelly can-nedown to 12 00 Utility to commercial bulls 18 7520 70, cutters 17 70- e 18 00. 500 lb Part load lbs. stock steers 27 50, good 500-68- 5 6 24 00, common to medium 19 00-2- 4 540-5600. Few lb stock ToUl NY. bond sales Monday, $6,750 000; 1960 to date. $427,149,750. lb ToUl Am. bond sales Monday, $170,000; 1960 to date, $9,270,000. heifers 25.25-200, good 695-74- 0 40, Stockers and light feeders 24 00-2medium to good 22 00-2-3 50, common 19 0 75. Medium to good stocker and feeder cows 12 40-1- 6 90, a few stock cows with calves at side 158 5 00 a pair. Monday! Quotation Calves 300. Vealers scarce, nomiI stock calves Bid Asked mostly nally steady, Bid I A.ked T 28 00-3- 0 00, Good vealers steady. .06 .09 EurekaM ProgCrp lb standard 25 00-2-7 00 Choice 165-31- 5 .30 EurStrd .35 PrsprOU stock steer calves 29 0 25, in very GldChain .03 V .03 RicoArgn limited way, good to choice 27 75-2-8 .03 04 GrandDp 25-2RoystnCl 7 00 75, medium to good 23 .07 .06 GreatWst SageOil Few small lots good to choice stock HornSU .03 .03 SklvcrKg heifer calves 27 00-2-8 25. 4 .42 Kennebc .46 SiouxMn Hogs 325 Butcher hogs fully 25 .28 .31 Parmnt Keystone cenU higher than close of last week, Leonora S IronBl .01 .02 sows steady. Bulk mixed US No 1, 2 .04 .05 8 Stdrd LittleMay and 3 barrows and gilts 190-23-0 lbs .02 .03 SundOil Majestic 17 25-1- 7 50, a few selected lots mostly .24 .27 Mmmoth Swansea 1 and 2 MonoKer .03 .04 TinticSt grade 17 7 75, few 2 and .01 3 grade 16 7 00, soma 275 lbs Moscow .02 TinticLd 16 50. .03 MillerHill .03 Tints td Sows 10 50 12 00. .02 MtStsDv .02 TransUa Sheep 150. Slaughter lambs strong .02 .03 MtnView UnPrk to 25 cents higher, nine head choice 14 .18 Naildrvr UtNMGa to prime 96 lb wooled slaughter Umbs 1 96 NewPrk 210 UtahCon 22 00, 110 head choice with a few .04 .06 UldSuf NQuincy prime thorn 116 lb Umbs, mostly 2 N Lilly .95 .90 UtWyoD and 3 pelts, 19 50, a few good 115 .01 .01 NStndrd VictorCn lbs 18 00. .01 V .02 WestAiyg ParkBg .04 .05 ParkCon W Toledo LOU ANGELES, April 18 ParkNel .02 .03 Wilbert .03 .03 ParkPrm WilUston .22 Cattle 1.800. Opening moderately .16 Plutu Yankee .04 active Slaughter classes steady to 50 .04 PrtnceCn Zuma 1,010 higher. Low to average-choiclb slaughter steers 28 00; 1,212 lb SALES 0 27 25; commercial and standard Big Hill, 1.000 at 16c lb range cows 19 00-225; utiliClayton, 300 at 19c; 600 at 18 c. ty Holstein bulls 21 00-250, good Dragon, 1,200 at 35c 549 lb stock steers 26 75. Kennebec, 200 at 45c. CHICAGO, April IS (UPI) Pro-ducCalves 223 Supply largely stockers, Rico Argentine, 100 at $2 00. those not established Slaughter classTintic Standard, 100 at 97 e. Live poultry 7.000 lbs. No USDA es about steady. Good and choice Trans-Unio1,000 at 20c. vealers and undar 350 lb slaughter price QUoUtions Monday. g Oil. 200 at 60c. " calves 27 Cheese: Single daisies 39-4long; processed loaf 37 Hogs 200 Opening rather slow. horns B A Grade Swiss Grade Barrows and gilts steady to 25 cents 39; Grade C 44-4higher. Others poorly represented f A Small lots U S. 1 2 grainfed 194-2Butter: Steady. 679.000 lbe. 93 and 25 lb butchers 17 75-189 score 92 acore 90 score none. Market nominal. Sheep 56; carlota: 90 score 67; $9 score 66. CHICAGO, April If (AP) i Eggs: Unsettled. 16.600 cases. White 7 OMAHA, April 18 Ho. mediums extras snd mixed large 500: Market 25 to mostly 50 higher: and standards 34; dirties 32; 190-26most US lbs 16 50-123, checks 32. top 17 50 PoUtoee (old and new) total US Cattle 14,000; calves 200; fed steers 229, fully steady to strong; heifers strong shipments 1,03; (old) arrivals to fully 23 higher; good to high choice track 312; supplies moderate; demand stock. on best firm market steers 24 8 50; good to high choice moderate; unless Track sales U00 lbs. U 8. heifers 23 50-225; cows strong to stated): Idaho Russets 6 80, mostly 25 higher; utility 16 25-1-7 50 otherwise 7 60. red McClures 4 60; Minnesotabakers 8 000; slaughter Umbs slow; Sheep Dakota Red River Valley scattered sates weak to 50 lower, but -North market not fully established; few Pontiac 3 85. Street antes: Idaho Russets 6 75-- 7 50. choice wooled Umbs 21 Minnesota-Nort- h 7 50-75; bakers 00, Dakota Red River Valley round reds 4 25-- 4 60; Wisconsin round whites 8 75, Russets U.S. Bonds 3 75-- 3 65; Michigan round whites 3 75-- 3 65; MonUna RusDow Jones Service . 6 50. sets NEW YORK Closing dealers marNew potatoes: Arrivals 15; track 9; kets (bid and asked fractions and supplies light, too few track aales to changes in 32nds) quote. Street sales: Florida round reds (50 lbs.) 3 50-- 3 75. Onions: Arrivals 40; track 40; supplies moderate; demand active; market stronger. Track sates: Texas fetfow Granag 185. Street sales: Midwest yellow Globe medium 1 00; new corp: Texas yellow Gianex Urge 1 90-- 2 00, medium 2 40 2 50, yellow Grano Urge 2 90 white A ask. Urge 2 25, medium 2 00-- 25. 3031, 2324: 67: Grain Futures 56; 36: Government r TRANSPORTATION Markets in Brief NEW YORK, April 18 (AP) Stock Mixed: advance falters. Bonds Mixed; governments lower. Cotton Irregular; trading quiet, thieifs Wheat Higher; light demand. Com Mostly lower; demand off, Oats Steady; planting delayed. Soybean Mostly lowers profit-takinHogs Higher; top $17 50. Cattle Mixed; top $33. Cash Crain Wheat CHICAGO, April 18 (AP No 3 hard 3 18, Corn No 3 yellow 1 33; No 3 No 4 yellow yellow 1 1 v.; No 8 yellow 1.12-1aampl trade yellow 88, Oata No 1 extra heavy whito 79, sample frada extra heavy whit 714. No aoyboan lalea. Soybean oil 7B7V4B-- 00A. Barley: Malting choic, ferd 92-- 1 05N. N Nominal, A Aiktd. , , American Stock Exchange Produce Market UnCarbd UnOCal UnPac do pf UnTank UtdAlrc UtdAirL UtdBlsc UtdCp UtdEC! CALL EM to your satisfaction Divide $6,956,942 Salt Lake Stock Market RCA Rayonr Raythn RepAvn RepStl ReyMet ReyTob Rchfid RoyDut RoyMcB Safeway SULead StLSFr StRegis Schnley SeabdA SearsRo ShamO SharonS Shttuck ShellOU ShellTr Shelter Slmmns Sinclair Skelly Smith K1 IntPaper 58! 16!-2- Sales in 100s IClosei Chg. OtisEl OwIllG PacGEl PacTAT PackBl PnAWA PanEPL ParamP Penney PennRR PepsiCla Pfizer PhelpsD Philco PhilMor PhUlipsP PittaPGi PittsStl ProctrG PugetSP Pullman Pu reOil IntHarv IntNick 1 1 Inssranea Finance Publikr IBM 40l 58 64 26 41 9 48 33 33 48 55 44 21 ContOU Vs 2 V 23 39 66! 19 CbmwE ConEdis Containr ContBak ContMtr V Controls CooprBs Merritt ComPrd MiamiCp CraneCo MinnHw MMM LtdFruit GEORGE H. RAINEY, PRESIDENT, told The Tribune CrwnZel Crucible MinPL UtdGiCp 10 V that the "J sandstone discovery recovered some. 1,710 feet Cudhy UtdGsIm Mission CurtlssW 21 i f 31 B1V.I UtdRhoe 8 Monsant 4,775-4,82feet. 91 CutlrHm i MontPw cf gravity oil between USAFSc 1 29 DeccaRc USGypm MontWd This is the first wildcat on which Texota was operator Deere -- 41 v US Indus 3 Motorola 191175 25 Del&Hd in 1960 and we feel pretty well encouraged, Mr. Rainey said. USPlwd 231 27 Murray 7 DelAW USRubr V 4 26 NatAvie 15 The Texota No. 1 Reimers is located at center of south- DRGW US Shoe 26! 65 NatlBse 42 DetEdis USSmelt 50 and 16 North 1 24! 61 NatCh R Range west quarter of Section 2, Township 31 DiaNat USSteel 1! 27 NatCLe DomeM 20 do pf West some two miles from Reimers Field proper. 131 50 31V Douglaa i NatDairy USTob 231 30 NatDift 92 DowChm i Upjohn 14! 57 NatGypc 24 TEXOTA, SAID MR. RAINEY, has 560 net acres In leases Dresser UtahPL 1 23! 96 y NatLead 41 215 - $ DuPont Vanadm 61 77 NatSteel 22 surrounding the J sand find. Reimers Field is connected DuqLt Walgm 1 62 13 NewmtM 23 EagleP Walwth to major pipeline outlets, said Mr. Rainey. 31 27Vi-2- 31 NYAtrB 25 EastAirL WamrBr 23 NYCent 114 V Eastman WstnAL 42! 35 NYC&S EatonM 1 39 WstnPao 48 - l EIAutoL NiagMoh 26! 34j WstnUn 14! 97 NorfAW 32 ElPsNG WstAirB 42 EmrsnEl NoAmAe 19! 32 WeitgEl 13! 42 13 NoAmC EmrsnRd Whirlpl 141 42 9 NoPac EneRR WinnDx 4-6416 EvansP North rp 30j 28 Woclwth 11 1 14! 19 34 V ExCellO NwstAtr Wrthgtn 7 Fchld 14f 64 OhioEd Wyandte 29 - v OhioOll 21! 33 FamtlyF YgstnST 68! 47 37 Frestone 1 48 OlinMth Zenith . For Lease Information , Total MY. stock aalet Monday, 3,200,000 ,ham; 1960 to date. 220.730.119. CAN TAILOR A LEASE States Steel Corp. Monday said it would close down an addi- -' tional blast furnace at its Chicago South Works plant on Saturday. This means the South Works plant will have three of 11 blast furnaces closed down because of slump ' in Incoming orders. r i New York Bond Market Standard Some of the new plants also will produce argon. There Is little demand for this inert gas in this area, except by the National Reactor Testing Station at Arco, Idaho. THE CASTRO regime Initi Livestock NEW YORK, April 18 Some New Plants to Produce Argon Sulphur Co. Mondays Quotations LINDE SAID MONDAY THAT two of its plants in the 50 million dollar program to be completed in 1961 would be built next to chemical facilities to make high purity chemicals. Three of the plants will stand alone, providing oxygen for medical, missile and other uses. The remaining plants would serve the steel industry. Plans Castro Talks WILMINGTON, DEL Freeport Nickel Co. is continuing to have talks with the Castro government in an attempt to resume its nickel and cobalt mining operations in Cuba, J. C. Carrington, vice president of Freeport, said at annual meeting of parent Freeport Over the Counter Ten Leading Stocks -- ated talks with Moa Bay Mining Co., Freeport Nickel subsidiary, right after it was announced that the company planned to terminate operations. "It is impossible to say Radio Network Sold whether we will reach any soluNEW YORK Minnesota tion to our problems," Mr. CarMining & Manufacturing Co. rington told stockholders. has purchased the Mutual Broadcasting System for an un- Plant Cuts to 4 Days disclosed sum. DULUTH, MINN. OperaMutual, a radio network with tions at the Duluth plant of 458 affiliated stations, owns no the American Steel and Wire outlets of its own. Robert F. Division of U.S. Steel Corp. Hurleigh will continue as MBS have been placed on a president under the 'Three M basis effective this ownership. week because of beeline in or ders. from minings operations and 12,628 tons from scrap. Foreign producers turned out 199,784 tons last month, a new peak, and 13,918 tons more than in February. H. J. WALTHER . General Agent 1009 Kearns Bldg., Salt Lake City 1, Utah - -- CHICAGO, BURLINGTON & DAvIt QUINCY RAILROAD |
