| Show TKSIVf JAN25 1955 UP AND DOWN THE STREET Copper Buyers See Priee Hike Step Up Orders Industry Aircrafts Up U-O- re New York Time By Robert W Bernick 2- YORK— Copper con- - steady pace at a profitable 80 sumers aie stepping up orders per cent “plus” of capacity for the metal in belief the price vshich hasn’t changed much in the past two months and prob- may be raised Some US producers are ably won’t during the next two anxious to keep the domestic (Columbia-Gcneve Steel level of the Mon United States Steel at the Corp past two years (has been running at near ca- NEW -Th Tribune Business Editor stock market reacted decisively One of the phenomena of the uranium scene has been the Monday tb President Dwight D operation of small syndicates of young businessmen in the area' Eisenhower’s messace askine to spread the risk of speculation Millionaires Inc —a group of 50 such persons congressional permission to T n defense of Formosa In- in Salt Lake City— is an example of such an as-'sociation The Twenty-fivAssociates is another idustries that would benefit di- i 1 There are many others of course Erectly from increased military E W Campbell office manager for KALL' spending recorded notable’ A 'and Intermountain Network who heads the opti-- gams ymistically tiUed “Millionaires Inc” says this I group now has investments of more than $8000 1 in uranium stocks I MEMBERS of the group contribute $15 a month each giving the uranium committee of machine’ tools industries with f L-- mjkthe Millionaires Inc some $750 to invest in a major stake in larger defense Mr Bernick stocks every 30 days outlays moved up “I have to admit we’ve bought some dogs But on the basis Commodities also reacted to of our investments to date' we have about $110 for every $1 the news Cocoa jumped the we’ve put in If 1955 is a big year in uranium —and we think daily limit of one cent a pound Rubber was up sharply Hides it will be— we might make a killing” says Mr Campbell If any member of the millionaire group decides he’d rather wool tine lead copper and cotton 'sed vbtsfc tlarf be a iecan get out at a ht for Grand Central Markets “We’re thinking now about diversifying the investment by going in with a number of other groups like ours and building a motel with a swimming pool” says the president of the Mi- llionaires Inc “Anyway we’re having a lot of fun We meet once a month and talk about the future of the area and the things wq ought to get into You’d be surprised how many good ideas we get” U-Fir- Barton 5 Brew-share- New York Bond Market New York Slock Market MONDAY'S 10 13 Ulili 43800 63 Stocks ATTSF BAO 3s do 6s StLSK CanPac ChcsAOh CltieaSer Total N Y bond aalra Monday S3730000 4s 10 103t 57 11BH SlnclalrO SoPac 414 28 108 12 1084 Or 4 tvs 71 115 StdOlllnd Uni’ae 2H 3 B9V4 - 84 W hhtl rv 1937 to date 161530000 Salt Lake Stock Market TEN LEADING STOCKS David D Baker former employe of Utah Construction Co 84 37900 5814 G L Martin has been named deputy director of the mining division of the 314 31100 56 Lockheed Aire 30300 4214 34 CTana Co Grand Junction Operations Office Atomic Energy Commission - H 13 Stude Packard 280 I? He succeeds John J Curzon who joined Climax Molybdenum 2h H 26 400 16 wo 24 Oliver Corp rr 23500 2JH H4 Bell Alrc Curtis Wright CO recently Mr Baker a graduate of University of Arizona also has Monday's quotations worked for Union Mines Co Pacific Mining Co Alaska-JuneaSalea In 100 Cloael Chi SalcilnlOOa'CloacIChk Co' US Varadium Co Big Horn Mining Co and American Tarnd” 26 70 Kaitman NorthpA llll S6H 4 48lk U OhloKd EatonMfC Admiral Smelting & Refining Co He joined the raw materials branch AlrReduc 21 374 4 31! 694 EUAulo L 14 OhtoUtl 31 43 RPioNG 3111 16 Olive rCp last year AiiagLst 20 EmranEl 4 1074 - 14 AlUedC OwenllGl MONDAY'S 4- Total American atock aalea Monday 1220000 aharea 1955 to date 19 73372 Total American bond aalea Monday 11500001 1955 to date 12258000 QUOTATIONS 4 I u I 7614-- i 11 V FrirRR Evcrahrp FairbktM FrhldbAA amilyFn FoddraQu FiltrolCp Firratono FdMaoh Fr—ptSul Coast Aide Named FDIC Examiner AlumC A AmordaP Lester W Thompson of San Francisco has been named ex- - Am Ain miner at Salt Lake City for subdistrict seven Federal Deposit AmcP Insurance Corp replacing Clifford H Horfler transferred to Kansas City Kan AmMctal Mr Thompson who attended University of Southern Cali-- aErIm fomia at Los Angeles will head examinations of banks in Utah and Idaho I a£tt AmTob Sugar Beet Group Lists Manager Appointment of Don F Martin Denver Colo man as regional manager at Salt Lake City for the Western Sugar Beet Producers Inc announced Monday Mr Martin’s territory will cover Utah Idaho Oregon and Washington His mission will improve public understanding of value and Im-- f portance of the beet Industry Mr Martin is a graduate of the University of Colorado at Boulder and a former employe of the Associated Press Denver Post and NBC network at Denver Three States Turns to ’ I AmVKH I Anicnd 1614 Atl0 AtluPdr AvcoMf BaldLllm BilUtO do pt I 34 5114 35 444 -t - 14 84 104 2 6 2384 38 374 60 144 99 374 42 6384 2 17 HayeaMt HarcPdr HeydenC BcndxAv BonLoan 784 - 14 15 1684 4 5 38 4 4 Bord-- n Bor War BdaptBr BrliiMf BntlMy Three States Natural Gas Co has qualified Bucy Krlo the Three States Natural Gas Uranium Co in Delaware as an BuddCo BurlftnM Instrument of activities it was reported Monday Buirgh ButteCp Three States officials told The Salt Lake Tribune detail CalPfkf CallahnZ of the operations of the new company had not yet been claim holdings In the Emery £35? worked out It is capitalized at County San Raphael area in cIUST’ j Meanwhile Three 955 $50000 CaterpUT Celaneae Is continuGas StatesNafut Celotex ing with its plan to develop its c£u4 Gain Stores Note re THOUGHT HE SAID Dollar volume of Salt Lake cmvpaf department stores increased 12 oTanow per cent for the week ended Jan 15 compared with a like do pt period a year ago says the Fed-erReserve Bank of San Francitiesry 19 79 21H 38 484 35 13H 87 4784 13 344 10 6484 13 284 17 74 60 1284 33 704 30 824 300 42 ‘4 4 17 87 14 T 399 18 10 6084 42 81 334 4- 10 109 16! 13 - Con toil CornPrd CrancCo CrwnZaU CudPaHk CurtlaaWr CuUar-- Doccall "i'K’i‘ Oooro OnrARO DianaAtra I beffa lbugfi- lTALX TO US AtOUT SCRATCH PADS IIOTE PADS PENCILS '? i'f 1 Not only your office wpplr but 184 PI 164 ConaNG DontaM 311 DoogAcr DowChom 641 TniPont DuoU EaatAlrL 761 Dnurll 174 94 1384 - 454 384 4 84 84 14 NatBiarat 1 384 14 10 NatCaahR NaKLlna NatOalry KatMatU NatGypm NaLLead NatSteel M NatSup NewmtM 84 NYABrk NYCent a NYC 91 84 NUgMP NorfAW NoAmAe 4 NoAmrC NoPaclfle 18l 33 1604 354 374 Murray NatAvla - i- ( lOf 334)341 4184 - 84 414 t ranty Regular war- $49995 Vhlla Thy Lest H Price 3 104V4U 84 34 24 33 4784 -23 65 4 6084 -- 1 84 14 34 84 16 60 4m - 4 4 4 134 your office advisor h a cc::nr nt 2573 SO SUUN Miti Nav-Ta- 134 84 4 341 4684- 1- is mi i ST vtrpra 6! 644 1151 73 4161 414 - 4 84 1 4 lOj 37 3 61! Walgr-- n Walwrth WtmBr 84 66 1884 12 7184 84 84 14! H 194 794 2884 84 23 7884 9! 63 4 601 Zenith 84 4 4 84 24! 124 16! 61 II 604 10! 834 2T 76 10! 694 filarysvalo Utah 4 24 94 161 YiatnSh 184 to data 87341998 TtlADIMG URANIUM? lata Qaatas aa Itatit Strstferl L YeadsIhee & Ce Wi An Grouing IVifb Dml S W4 TWX S1M7 M f p 350 "far Uuiul fititiraiM Cavarega" I 4th laalh Salt Inks City Utah Clot Released! KPOXT ONi THE SUNRAY OIL CO Write or Cali J UnnlwM min I Commrtlal Nrtlllur Alvnlt Rock Prprtli Mountain Mining 1 I Main SIC 'A BOGLE & CO 132 Salt York Stock Exchange South Mala St Lak City Utah ms AduasjiiGso oS Slio H’aEio PcoGOcaS D5i?anlam Bossi Call us today for tho latest quotations on tho stock you want to sell or buy & Development Co Offers Limited Amount of 15c Common Stock (Restricted to Utah Residents) T L Burgoyne Co 345 South Slot x Salt Lota City Utoh RHONE Take advantage of our tnstKi S£ phono and mailing service Wo will call you during trading hours and keep you advised of the particular stock you are interested in m PleoM 45194 STOcmuQKms-wmmwmnR- S nd attarlng drevtar tot I I NAME ADDRESS CITY 1 OedsilsIJx (So 1 4-35- j - EtL 1015 Member Nmt NEW YORK Jan 24 (APV-W- pol top and wool futuraa war higher Monday on trad and commlaalon houaa buying A higher Sydney wool market In Australia and th threatening Far East situation Influenced demand lor turues Wool futures cloaed 1 3 to 1 6 cants higher March 133 OBi May 140 OB: July 146 OB Ort 144 OB Dec 1421B March 140 OB May 138 OB Certificated wool spot 152 SN Wool tops future cloaed 1 1 to 1 8 rente higher March fnew) 18718 May 184 8R 3: QcL 1795B July 181 Dec 177 SB Merch 173 SR e Citifies ted spot wool topi 127 SN QUOTATIONS 814 870601 00 debits Friday' 16 008689 00 Sam day last year 21173446 03 Monday’s clearing 21012243 78 Sam day hut year Chrfcsiwi L e- CONTINENTAL AGENCY h WOOL EIARKET MONDAY'S i - 87 CLEARINGS civsbsj Nona d- "Becaus I had a history of heart trouble I had difficulty buying life Insurance" say Mr J W "Imagine my pleasant turprlse when my Continental Agent told me that his Company would Insure me despite my disability" lak LOCAL CANS w::nn eh- - BUT CONTINENTAL" Wast USAFSee UMnduat USRnber 1953 L- - "NOBODY WOULD INSURE ME justcnn- 33Tinn- 14- 0l 141 1 h al - 14! 13 34l 7cl Oil lit ShellOU WatAtrL H WgtnPao WatnUn 724 WatAlrR 23 WeatncZl H Wheels 344 44 494 WlanACo 308 je 84 Woolwth 84 Worth 514 ft 1 83 Yale AT I TV Board ef ffcacion haa dadarad a divtdawd of Y2f pm atom (to aiaaaaoa itockyaraMt March 1 1911 aoetockhoLkt t of raeard at (to dtoa also Rico Argentina 1 000 at 83 83 1000 Mining 1000 t 4 Boyiton Coal’n 2000 at at 7Si 5 000 at 74 : 6000 at 784! 6000 Briatol Silver 1000 at IV4ci 1000 at 7841 9 000 at 7S at 84c Silver Shield 1000 at 384c 8000 at Bullion 1000 at Ucj 8000 al 384! 4000 at 4H SI S5i Sliver Std 8000 at 4c Cardiff 600 al SI 85j 600 al So 6td 3000 a 17c: 1000 at 164e 300 at St S3 Tar at T4e looo Baby Clayton Silver 1000 at 2748 Tlntlc Std 300 at 61 024 CoL Rexall 1000 at 30c! 1000 at 30c 1 Weatern Ailnya 000 at 340 W till! Ion 600 at 23c Comb Metala BOO at 20c CURB SALIS Comat Coal’n 1000 at 9c: 1000 t 9c Con Eureka 500 at 60c Cona Eureka 2200 at 90c: 600 at 90c: llioo at 86ri 6400 at I7c 200 at 90c Little May 3000 at 34c Draaon 300 at SI 634 17600 at IO4 Mag Uranium Eart Utah 1500 at 25e Maj Oil 4000 at 84e 23100 at 184c T000 at 19 Grand Depoflt 6000 at 44 a Prlnco Con 13)00 at 64c Howell 500 at 38c Royaton 1000 at 74ct 18000 at THe Ken Utah 22400 at 7ci 6700 at 88c Tran Union 8000 at Tc 200 at 86c 400 at Bftci 6600 at 87c: 400 at 87c: 2600 at 86c Leonora 20000 at 18ici 3000 at 3c Littla May 3 000 at 4c Oil 1500 at 104c: 6 500 Mag Ur ff) at 10Y4c: 16000 at lo4e: 3500 at 10c: 10000 at 10c: 2000 at 10c Maj Oil 6000 at Be 9000 at 84 a Ncv Tah Oil 8000 at 18o: 2500 at 16ci 6000 at 184ci 300 at 184c: 1500 at 184c 4500 at 18cl 3000 at 19c: BOO at lV4ei 600 at 20c 1JM0 at 194c 12 000 at 19c 2000 at 19rl 13500 at 19c 19 South Tampta New Park 100 at 63 70 Salt North Lilly 1000 at 90c: 100 at 90c City 1 Utah North Bid 4000 at 44c 10000 at 6c 22-25Dial Park Bingham 3000 at 4c A MeVenle— foul V Rally W Park Premier 1000 at 64 c INFORMATION WITHOUT Proaper OH k Mining 1000 at 2ici 1000 at 34 c OIUGATION Slmmona SlnclalrO SkellyOU SoconyV SoCalEd SouthCo SouthPae SouthRy SperryCp StdBmd StdGAE StdOtlCal StdOlllnd BtdOLNJ StdOilOh StffrChm LSSteel do pf UtahPAL Vanadura 4 IALSS Bonania SearaRoo SharonSt t'Smelt N w RevCop ReynTB RirhfldO RoyalO Safeway SUoaLd StRegUP I I dehu-midifi- ei ar cnonim fbrokerage to UnIGCp UnlPCMn 14-t- or heats Jolly Jack UnlFrult Total NY atock sales Monday tjlO&M sharaat ’4aaaawe$eS This unit thermostatically cools exhausti ventilates M li Interiteto UnPclflo do pt UnTank UnitAlro Unit AtrL UnltBlae UnitCp T8 224 19 91 ComwEd ComCop CoiuEdl a Oraan RepSU UnOlIC eo4 Alee A peek Arrew Atlai 6i( Horn Rly t$ Imperial Intar I’nCrbld 16 QVi’Qtridaww 3 Cono li (antel 3 Ftdaral 20thtnP UnBP Contain ContBak ContCan ContMot oii 4 III 374 TrnWAL TriCont Seles values of the stores were up 2D per cent for week cuiJJaa ended Jan 8 They're up 13 gjg per cent for th four weekaicoio IcSSSSl ended Jan 15 rriT!y!f - stocks kvW4 Chute Can :i gS Comanche Comitock rnaamr CllmixM ClucttPb I l cisco 74 URflinui1 r ft 84 14 Stone WT StudePck SunrayO SunahnM Swlftt o SylvElPd TennCp TexaaCo TexGlfP TextMSl TexUUl Thrmotd TTiompPr TdeWAL imkRB al TEHCEHKfl 444 174 SterlDrf ChesAO 1 43 51 61! Schenler 31 6 974 BoitFda BethStl BlawKnx BoolniA U-O- re 181 Penney 33 124 llll 39 Vi 1V4 PennRR 3 11414 4 IVpitCola Phelpill 4784 PhtlARC 71 PhUMor 63 364 41 114 - 84 PhllllpaP 317 664 44 PlymOll 4 ProcAG 112 4884 84 PbSEAO v 6 764 Pullman 84 97H PureOil 30 534 4 RadioCp 7 284 15 484 4 Rayonler 4 RaythnM 37 284 17 394 4 RmRand 24 624 4 RepAvn GulfOU HartS AM Bithlron BeunltM paramfic 13H GnRefrrt AtlRW Baniu- 14 GenTAR GaPaoPly Gliddea Goodrich Goodyear Grace W'R GrayanR GtNlrOre GtNorRy Greyhnd GrumAlr Armour AiDryGd Atchison newspaper PacG&E PacWtltl PanAWL PanhEPL 27 FruehTr GanBk GnDvnam Gen El GnFooda GenMala GenPrec er I 26tkl 20 H Fqulttaa AlliadStr j " Sales In 100s iClosel Ch 33 1271 do 4s NYCnt 5 08 90 IV NV Nil It 6ll 70‘s PhilllPsP 52 1171 n FDIC-memb- ered shuttle cars The company also will drive a 1200 foot tunnel to intersect a series of known ore bodies containing values in lead silver and gold Operations are now under way" trict with diesel-po- American Slock Exchange QUOTATION! AUledCh 351BOO 1953 Mr Hansen said “El Dorado will engage in the first trackless mining in the Bingham dis- R 147 32 146 63 148 63 Stork Volume— 30 Ind 188900 30 Ralls 116100: Ex-Utah- comparable period in al 1 j Colo- Dec 31 compared with $4864-50- 5 equal to $133 a share for I- 1 DOW JONES AVERAGES Exchange ratios for three other companies proposing merger a into the newly organized Federal Uranium Corp Nevada firm Fumlihed by J A Hod A Co Member of Now York Slok Exchange Rails Indust rial Volum were being publicized by brokers Mqnday 1228 No Sera Traded 11 141 36 740 OOO m 396 30 494 141 43 Western States Uranium stockholders allegedly would re- Noon 395 89 Advances 1270000 478 141 27 Det lines 393 96 1720000 ceive one new Federal for 40 Western held Interstate one new 1 P m 236 141 23 2 070 000 393 63 Unchanged 3pm 63 New s 2440000 High Federal for 160 Interstate held and Utida Uranium one new pm! 8 New Lows 141 19 28 396 0010 ToU1 2910 000 Federal for 1254 Utida Ratios of 24 to one for Howell two for 100 71 f 04 40 Bonds Low Close High 102 63 03 10 Utah frade Rail 397 09 396 00 10 394 06 i"4 one for Federal Uranium (Utah) and five for one for Kentucky-- 1 101 00 02 10 2nd Grade RaUs 142 19 141 19 28 140 48 99 60- - 11 80Utah Mining were previously reported Util 10 06 62 Public 13 Utils 11 63 63 63 99 60 20 19 12 Industrials AEC Promotes nor-jtn- COLO — PUEBLO rado Fuel Si Iron Co reports earnings $3056524 or $103 a shafe for the six months ended from dealers indicating JaiTuary new car business had eased El Dorado Mining Co has acOthers named at ail annual from uie heavy December vol- quired a long term lease in meeting of the group at the ume Butterfield Canyon Bingham Ambassador Club were Utah for nonferrous metals Continue Agreement William I Beezley first vice production Whitney C Hansen WASHINGTON D C — Bohv ia president said Monday president Mrs’ Edith Monson second vice president - Pierce has told the Patino Mining The lease is from Combined third vice president liar-- terests it wants to continue in Metals Reduction Co and ry A Hurley was reelected ex- - effect a temporary agreement United States Smelting Refini under which the former ecutive secretary private ing and Mining Co It rose to 2910000 shares Gwynne Page former Salt °n 9! commissioner and Lake the 1228 issues traded 494 Itah automobile rose 478 fell and 256 closed vvas fleeted dealer 82 new were Monday There unchanged 1954-5new no lows and of the highs Apartment president Sunray Oil which rose ar louse Association of Utah was the market eighth to 26 s lie succeeds Sheldon R leader on turnover of 49100 ster of Salt Lake City Exchange Rates Noted m i Reports Earnings s alsort'" im!jrA’!''''w”'""i'Ulali Apartment Group Elects invest- MR CAMPBELL identifies the uranium committee as Ray Bradford R L Conley both brokers and Richard Dowe buyer Divl-pric- - t their original WASHINGTON DC — The’ federal rubber production facilities disposal commission formally recommends the US sell its synthetic rubber plants for $285465000-- 4 Certain other charge will accrue to the government bringing to $401565000 the total amount Uncle Sam will receive for the facilities for which it originally paid 500 million dollars before depreciation Bolivian 30-cc- e uiieri tU of $285 Million Sale out Ambassador Victor Andrade said the temporary agreement expiring Dec 31 had been extended with the Iloschschild interests would be du'm lhf OTIIERS ARE NOT sure the' extended with the Aramayo in' V0"0'" ““'t1 LUI1- terests and that he hoped the quotation can be held tton In ’“'"'S teneva Worka out Patino ucw o! the recent advances in group also would accept 85 per cent of put averaged conand abroad The mines were naextension copper prices above the capacity considerably Eu1952 demand in in tionalized tinuing heavy national level of steel rope London metal market MonDenies Merger Move day saw sale of 1100 tons of the CHICAGO— Libby McNeil & Car Prices Soften metal is not considering a NEW YORK — Used car prices Libby Closing quotations were the or unusual merger “any change have softened some automobile equivalent in the company or its business” dealers reported throughout the Charles S Bridges pound president Zinc prices also were stronger counliy Monday & says on the London maikct They voiced concern lest the Last week Consolidated for Foods Corp disclosed it had development affect trado-mnew An cars auto lacc maker also Sltel of head New Steady asked three Investment hanking Gwynne Page Utah Apartment Association rirTSBURCil PA — Steel said that used car puces 'arc firms to explore the possibility sagging but claims this is for January Meanwhile I safe m the ‘“quttien ment back production has settled into a owners of tin and tungsten of working out a merger with mines get money while payment Libby for nationalization is worked Sorvic Dow-Jon- i' Sertleg Jan YORK NEW 1® HERE AND THERE Stocks Reflect Millionaires Iiic Hooks Ike’s Talk Star to ' Tuesday January 25 1955 Thp Salt LrLp Tribute STATE J 343 SO STATI 4-36- 53 ST - ’ 54 - 5U-15- 3 SALT LAXI CUT UTAH |
