| Show Thf Salt Ijike Tribune Thursday January 27 1955 UP AND DOWN THE STREET Steel Holdings Run Wild On NY Mart Finance Firm Reports Fiscal Income Gains At the Office S3 Dolman jlie Various watchdogs of indus-- l trade organizations lit con Petroleum marketing and na tural gat problems will be dis- try are studying the proposed missed at the spring convention House BilJ No J which would of Intermountain Oil Jothcs ratly increase presidential the responsiveness of Con- Ipovrt — rather than that of Assn F(b- 'll at la V ‘ to the electorate wWliav onRrPSSln matters pertain-- ! destroyed In this field to foreign trade agree-Arvin W Chant Salt Lake iing Not would frail constit-only Some! monl tariffs and quotas sen of executive the uents City etary representatives of inhflNp come up with dlsturbinR announced cdnexdav group t0 domestic pro- - dustry nothing to petition their varnmgs ’ “ dueers particulatly the miner congressmen or senators about trade matters It and law materials interests would he quite useless to stu- - tion the White House or the OUTSTANDING - dent of Information Commitmatters such often State Department 'Industry 'tee John White C'hai leston quoted m this column because “The real seat of power would SC chairman National Oil 'of lusiemid for accurate inter- - he In Geneva and the United James D'prctatiun theieon is O It States would have one vote out 'Jobbers Council of about 35 A mere citizen of Mojle Wasatch manager Thd- - btiai ktu m of the Nation-Widlips Petroleum Co at Salt Lake' Committee of Industry Agrietil-- j this country wouldbe unable and latxu on Imptiit rx-itCity and Utah Stale ehnu man tin present his case He would of the Natural Gas and Oil Re- - pmt l’nluv not have access to the cham sources Committee lie believes the powers of bers where the power over our Spencer C Baggs Ogden isj the act would lead us into tariff and foreign trade would of the association (hitherto rejected international he lodged” president '" 9 shares ran wild on the New Tribune Business Editor ork Stock Exchange WednesStreyell-Paterso- n Finance Corp operating branches In Utah under the influence of day Idaho and Colorado Wednesday reported consolidated net in- United States Steel’s higher come of $182458 for fiscal year ended Oct 81 1954 dividend and stock-spli- t plans — The finance company whose shares are announced after the Tuesday had western brokers traded by close a consolidated income of $174214 for fiscal US Steel opened 96 minutes 1952-5on a block of 100000 shares late Earnings were reported at stockholders and a market value of $7800-00—with directors sessions conducted in Salt Lake City — 54 points higher It closed Wednesday a net gain of 7 at 794 with resolua Stockholders and directors approved INLAND Steel rose 5s Bethtion to pay a 25 per cent common stock dividend lehem Steel 7s Arnica Steel The payment of one new share for each share 34 Republic Steel 34 and presently held will be made in April according to current plans Youngstown Sheet and S S LYNCH TREASURER reported that Mr Bernick Tube 24 last fiscal year was best in the firm’s history Total volume of Aircraft stocks also shared in business amounted to $14093189 requiring a purchase of 38697 the excitement of the day United Aircraft at one tmie Individual contracts a showed t 17 “Total line of credit arranged with leading banking firms gain but closed a with to he net advance of added now amounts tn the country $7505000” The firm qperates branches in Denver Colo Salt Lake 64 ' ‘ ‘City Provo 'Boise and other ‘areas 3 1 0 e o " i ' ' Market New were Forrest S Walden executive vice Others DOW JONES AVERAGES Salei Richard A Van Winkle secretreasurer Mr Furnished by J A Hogle A Co Member of New York Sioik Exchan Lynch president AUiedCh R M II treasurer R and Goffe assistant Volume Industrieli Dunlap Ralls tary AmlP 810000 11am 10 No Sera Traded 3883 1134 12 MfcT2-secretary 1 M0 000 Noon 402 01 Mil x 3 x s 11 41 Adiaiuri 2 30000 14121V 40171 included Mr Walden Mr Rogers Mr lpm Declines Directors 384 liiiii 2 pm 2 6BOOOO SON 40171 Unchanaed 1124 no 5 Lynch Mr Van Winkle Udell J Kuhre Edward S Sturner 3 pm New Highs 320000 8 On (Ik Total 3880000 97 09 14130 Low 401974 New A H W Scott Mansell Clyde and James Lawrence do 4 Hay 1 111 Both Ironton Furnaces to Operate Both blast furnaces at the Ironton Utah County plant of Columbia-GenevDivision US Steel wrill be in operation soon company officials reported Wednesday One of the three furnaces at the firm’s Geneva plant will be shut down for relining which normally requires about 60 days and the second furnace at Ironton will be put In operation during this time The other Ironton furnace has been in operation for several months About 40 additional men will be employed at Ironton during this period company officials said a U-- Utila Stocks 18 OS low High 31 IS 7 104 BH 74 B2 44 Volume— 30 Ind Co 62 55 V 112 V lOOVaf 10 88 10 100tV t 3 3 68 74 3 lcnMnt tain I t I0li - V 14 116 8 $ 1124 9 100 1 In i (n 1st 4a MK1 4aR MoP 8 do 4a 80 122 41 121 Wadnridav Mill I 21 25 11)4 do ( p Inlands -3 111' 2 Mini NV 1 - 1 72 90WI 70 100' Sill I'l At PhillpaP Ml SI 4 Sinclair 88 117“ 10 105 U M 1 17H Or 4 4 lOflH Sof 1 1 r v 3 10(1 711141 SlOllInd 8 mis do NJ ll 881 UnP 2 II BBV do 2Vl 137I120V WhSt cv 'Jl m V 4 1833 to data 8414001HI 4B8702 000 V 1955 T William Cockayne secretary and trea'surer said the distribution would be made Feb 28 to shareholders of record OhlnOll OllveK p OtlsKlev OwenlllG Pari A El I’arW OU PAW Air PanhEPL ParamPlc 16 61 u 681 3W 8 107 12 37 44 71 18(4 4VI - v 6a ( I1- - ( - 4 4 71 4 3H(4 4 V Feb 4 Firestone FoodMch 48 FreeptS 72W FTuehTr GenBk GnDynra GenElao CenF da GenMtrs GenPreo Ships' 700 Tons of Uranium Ore McFarland and Hullinger Tintic District mine contractors reported shipment of 700 tons of uranium ore from the' Maybe Mine Red Canyon in the White Canyon district of San Juan County Utah during December The operators reported completion of major development aspects of the property leased from Monticello Interests and anticipate a broad increase In rate of mining during the next Qnhrfcrt GenTAR GaPaaPly Glidden Goodrlc Goodvr Grace WR GravsnR GtNlOra GlNorpy months weather permitting tunnel to intersect the ore Drifting They drove a 1000-foIs now in an expanded ore area they said Shipments are made to the new sampling station at White Canyon operated by the American Smelting & Refining Co for the Atomic Energy Commission nt Grryhnd GrumAlr llartSch 30V4 1844 34 IndRavn InaplK p 41 W IntShoe IntTAT IslCrCnal JeffLakS Johns Mn JonrsAL JoyMfa KnCtySo KelaeyH KreaaCo Kroger Lehman LOFGls BO! CltieaSY CUmxMl CluettPb rolaCola 7 44 1 53 47(4 4' 46(41 141 67(41 134 H W 4 - 41V4 ‘a 14117 H Lou A Nab MackTrk Mary ManaCop Man vox Inner ahowlng little lnleret earlv romuli Late Tuesday a few 1011 lb laughter ateer 20 80 good I alvea— Salable 13 No teat of the maiket early ting— Salable 78 Barrows aod allta mostly 80 lower than earlv Tuesday or about aleailv with th clots Clinic No and I 190-- H) lb butcher 18 73 few 270 lbs 17 73 aratlared head 170 !ba lTrn“‘m Corp plana MoUnt ' lshJ Gnt? ennionrt ‘ Vl kTrind - MI1 priclent- - Monday- 33-3- 42-4- 184-3(- 6 98-2- BOO at PRODUCE MARKET SALKS 1044e 18c GRAIN FDTURE3 truck Chicago Poultry Board prlea ahangai fine lueadayt llenai Colored over I 1b 20 cant a pound colored 8 lb and under 22(4 Cheese Klngle daisies and longhorns rang: Whast— Kentucky-Uta- 966 h at 96c 92W0 May July SpL Com— Mar May July Rapt Dec Gate— Mar May Open 329 920 215 917 140 184 188 180 I8h 2 17(4- 1 68(4 164(4 L48 188 144 78 73 Mar Mar 123 1 ?1 128 140 Roybaans — 2 82 Mar Rapt Nov - 187(4 July' July LowClmo High 28 213(4 6c Pi Mar (Up) — Grain 82 33(4 92 33(4 82 S3 71 71 July 6ePt 99 179 2 77 2 86 940 184(4 188 186 167 131 184 145(4 145 77 71 71 71 70 128 149 9 81 2 79 9 77 189 2 51 180 168(4 73 123 328 214 114 316(6 317 918 140(4 98 127 92 32te 2 38(4 78 73 71 71 71 141(4 424 127 127 - 137 148(6 9 78 2 73 1 73 2 87 940 128(4 140 9 81 1 77 2 74 2 38 280 400 Another Service for your Convenience! at 7s CURQ SALIS Bristol Silver 2000 at I Bullion 1000 at 10(4 c Combined Matala 12)00 at 1146a Howell 600 at 40c Indian Queen 22100 at 4(4e Jan CHICAGO 00 700 at 919746 1000 Trana-L'nio- n nil CHICAGO Jan 99 flTPF—Produrei Live poultry Market steady to firm 18 9 Ttntte Standard at $10746 34-2- 173 ’ at 33-3- 4 40-4- 43-4- 0 X8c-S0- MinMAM 40-4- 84-6- 2 6c at 67 Leonora 8000 at 3c Magnolia Uranium 42)00 at 9c Majestic Oil 12)00 at 0c Nav-Ta13800 at 19V4ei (000 at 1J300 at 19V4CI 9000 at 19 West Toledo 12)00 at 9a W'Ullston 900 at 23c NVOnt la h NYCASL Nev-Ta- NUgMoP NorfAW NoAmAV NoPaclf Northrop Total New York atock aalea Wadnaaday MERCANTILE EXCHANGE LOCAL BANK CLEARINGS h Markets in Brief 3JW0000 1935 to daU 44J31J98 CHICAGO NEW YORK Jan 99 AP— Stock — Higher (teal strong Bond— Mixed governments ease Cotton — Mixed and liquidation hedging J y ) Chlcaa WEDNESDAY'S QUOTATIONS Wheat— Mixed old area tear new 9113177488 00 crop steady Tuetdart bank dabtu Cons— Firm told wave forecast Sam day laat yaar Oate—Mixed email price changes 185771333 Wednesday' clearing Hots- - Steady to 26 cent down top Sam day last yaar 1L48&2S841 918215 114ll00 onusUJ stocks N (nominal) B (bid) SL lAAorox-kv8l- £3'L AA Uriii PRODUCE (price by loos dozen): Grad 46 A large 43 medium 44 B CL Cheeae Mild loaf 38 mild longhorns 37 38 mild triplet Butter 83 acor 97 99 acorn 631 90 acor 64 TRADING URANIUM? lata Quotes on Request More Utahn's gstaLIFIoutof other milk! than-aiy Hl-LAU- D Stretford L Wendelbet j "I “JT'g ' Dial Art Growing & Co VTtib TWX IU-9- 7 a I Mein i 4 IlC Apecho Arrow ?!£!? vaiwy ewwvqM leptri WViV ff 8 Morn Charok Ut Chute Can ff Comanche Comstock a Conaol i mt Fteit nBidKttpixtt tAakod tAtked ) Only a Feu Steps For Our Customers Av:ay! On Banking 1 Business x faderal L Creep gv Imperial r Inter hat Interstate K: Jelly Jack - ’ WenWS Ur' 9 t SttufitJ Clttntf 94874 d 'evauii' i A ice Egg ' Q Directors of tha corporation alio an nouneed purrhaa of 30000 aharee of t onaolldaled lurrk Mining o atock now on th book at coat of 121800 The firm la engaging In oil and (a leasing In th Parados 6 alt Baste oi 18 00 Few bead 303 302 lb cowa 14 80 southeastern Utah Sheep— Salable 100 Market not fully aatabllshed Few good and choice 102 lb MILFORD IT AH— Prosper Mining Co trui ked In woulect slaughter lambs 20 00 and North Btar Metal Minea Inc report Scattered head utility and good woolsd recovery of or assaying around 34 ewe 8 00 7 00 uranium oxide in th old Hickory Mlno tn Reaver County Utah D9NVI9 Jan 96 (AP USDAF-Ca- ttle 17(H) another highly eelactive market on fed steer and heifers rather light Director of Montana Western OH supply grading moatlv choice fully It Gas Co Tuesday resolved that stock etnady with instances 23 higher very holder would receive a minimum of 10 little dona on lower arailee cowa cent on th dollar from eventual fairly active strong to 93 higher) few 300000 sale prlea of Uranium proper load mostly choice fed ateara 23 ties owned by tha firm to Marcp Ex00 few loads top good and low ploration and Mining Co chnio fed heifer 231X12438 tome Leo Rogers Balt Lake City praab held higher) few commercial and nnd dent of tha company said tha reeolt 1700-2OOl heifers cowa 10 so- tion by utility tb board would enable share BO high il and commercial 12 00- - holders to utility get values equal to original 13 00 00 ranneri and cuttera 4 offering price of tha stock Th action utility and commercial bulla 12001400 applies te stock of record Fob 26 Calve 100 not established 1036 Hog 1000 alow and uneven ataady to 23 lower decline confined largely to barrow and gill under 940 lb EGG MARKET choice 180240 Iba 17 28 1828 few out1 grade 210 1b and better standing LOR ANGELES 18 nil Jan 99 CLTV-Dclmlca sow 330 830 iba 130014 80 market) Eggs: Wholesale uncandled producei Sheep 16001 market not established: on Tueaday choir and prime 0ujo6 grade for size 40 per cent grade A A 1 medium lb wonted slaughter lamb 21001 good lars small and choirs feeder aveiaalng 75 lb grad A large 30 30(4 medium 38 20 81)1 beat alauuhter awaa to Candled 00 retailani for dutrlbutoro plant delivered 1 cent higher cartons 3 rent higher grade AA extra largo AA lara 47 80 AA medium INVESTMENT FIRMS A large grade A extra large A medium 7 A small WIDNIIOAY'I QUOTATIONS 1 grad B large Prices to consumers in cartonm Grad AA lara AA medium 60 S3 grads A larg 47 56 A medium A small Live poultry) Broiler lbs roasters fryers 2(4 4(4 lbs 414 Iba or more 27 28 fryer ceponetteg 27 20 roasters eaponett 97 28 hang light typa all weight 11 13 hen cross 14 14 bans heavy type all weights 19 21 rabbit white fryori tmacaliaueous lots 21 22 commercial 21 22 Butter price to retailor Grad A A 64 4 48 grade A 4(4-6grad B 434 Receipts Butter 322433 cheese 48 e 730 11312 drasaad poultry 4Le ’ MinnPAL MiasionC Monsanto MontPwr MonWard Motorola Murray Nat A via N'atBiart NatCahR NatCLIn NatDairy NatDistU NatGyp NatLead NatStaal NatSu NewmtM NYAIrBr More merger talk was going around uranium circles Wednesday This time Intermountain Uranium is credited with plans to merge into Big Horn Uranium The ratios haven’t been tied down Indd!' of h MlamlCp MidCnnP MinHnyw Uranium Merger Talk Goes Rounds ‘odd h McKsaAR - n?y 39-4- 44 McIntyre Construction will start on Feb 15 on the new million dollar high style fashion center to be built by Makoff s on the southeast corner of South Temple and Second East architects announced ' Wednesday Bids will be opened from a selected list of private bidders on Feb 1 report Ashton Evans & Brazier architects Salt Lake ' City ' --Sa0!'?' 7V 36(4-374- MrtinGl Feb15“ ‘”0100 ble rerrlpts early to teat maiket 44-4- 4 - 31163 LionOU ant at 414c Howell ‘600 at 48e 400 at 48e 6 loaf 34(4-3- 6 B Swiss grade A Indian Queen 8000 at 4440 11000 4 cent pound! processed at 44 e 8000 at 44 c 1 43 44 C Kantucky-Uta1800 at 86c 2000 at Market Butter 1302314 pound (Me 800 at 86o 8800 at 87e S8O0 at 300 at 18c 648)0 at ataady 99 score and 92 acor 67 centa 88c 6000 at BH a 90 acor score 19 66l 84(4 pound 67o 1000 atl)7c 600 at 86c carlota 90 score 67 89 score 6644 Lakaaida 1000 at 7c 4000 at To Eaaai 13403 cate Market ataady Leonora 114)00 at 3c 10000 at Sa te firm White larsa extras and mixed Majestic Oil 6000 at 9c Nev-Ta14000 at 1844 c 600 at 1946a large extras 88 cent a doxan jnadluma 3314 standards 82441 current receipt 8500 at 1944a 1000 at 10(4e 32 dirties and check 3044 North Idly 700 at B6e 300 at I Be WOOL MARKET 844C at 10000 North Standard 1000 at 84 c 7000 at 9000 at 84ae NEW YORK Jan 24 (AF— Wool top 1000 at 844e METAL PRICES and wool future declined Wednesday OU Securitiav 9000 at aa the 'markets encountered biciwnd at 33c non profit taking and hedging AuaWalian NEW YORK Jan 26 (APV-S- pot Piute 1500 at 28c 1000 at 98c ferrous metal prices Wadneaday top- wool market were higher according 2000 at Site Prince Consolidated per 30 a pound Connecticut Valley to private advices Koyaton 2000 at 7(4e 12)00 at 6(4 Lead 15 pound New York Zinc 11(4 Wool futures dosed 14-- 6 lower 12)00 at 7(4 e 2000 at T(4C 8000 at a pound East SL Louis March 132 2H May 148 SB July 146 IB 744 c 9000 at 7(4 e 7 Battlement price Copper 94 til October 144 IB t cam bar 142 IB March Sliver Shield 82)00 at 844a 140 1 May 138 IB 8006 ver 14918 lead IS and line 11 8 South Standard SAOO at IB 4 Lckheed w Loewa w LnSCem 4 Lorillard 2105 14B! 67 48 B3120W 401 84 4 1 hmc lb No 3 butcher 17 30 16 00 Unlit under 300 lbs bringing 1400-100 Spwa XIO 430 lb 12 30 14 00 Sheep Estimated aalablr 50 No aala 47-5- 0 100 at S193 100 at 91 90 Cantral Standard 1000 at 7c Combined Metala 1000 at 18(4e Commonwealth Lead 1800 at 8(46 Eaat Standard 8000 at 6 (4c East Utah 2000 at 37c Grand Depoalt 6000 at 4(4 C 8000 s 13i 31Va than 20 diamond drQI hole been completed in uranium min More I'" 38-4- Bullion Cardiff - 411 LlaaMy lw ‘ti 74 106(4 - 63-8- 4 llllly - 2B( ! 43-4- 3 FuMinea EuStd GoldCh CrandDep 44 21(4 4 36 44 11 86V4H 44 364 1(4 474 H 3! 72(4 1(4 7 LMcNAL 301 81 121 itlin 43-4- ERuUion 4 20(4 365 U 2 170! 36 97 8844 4 H 131 Knnerott KrtarCo pf 44 12! 4444 -1361 25 lu-h- alrp Bullion Cardiff CentStd ChlefLon dopf ChiefCWar Clavton Colorado ColKexall CombMet Comet ComLead ConEurek CrEaaUU Croff CrPoint Dragon ECrPt EastStd FT( oaln EUtah FmpMln B InlMckl do RriatSU 62 W 80 IntRusM IntHanr ChRlAP Ilonanra 37V IloweSnd IdahnPw Intlakrlr Chrvaler CITFin Rla-H- 13H 244a 43 lllOntrl Establishing Branch Warehouse Banner H 44 3244 ie! 7v 12! 17V4 llnuarhF Two Salt Lakers propose construction of a uranium mill ' In the Gas Hills District of Fremont County Wyo Directors oi the new Uranium Ore Reduction Co include J Reed Tuft and Allan Mecham Salt Lake City Sam Day Fort Collins Colo and Frank E Hayes Lander Wyo attorney Some months ago Mr Meacham and Mr Tuft were associated in a venture to build a similar type mill near Hite Grand County Associated Press quotes Mr Hayes as saying a large number of producers in the Gas Hills district have signed ore contracts with the new firm W 1 3 14V 8 taniura Corp and Mjmter ball Lak la fetus iiromntrr aaya t inniriii i (nr diamond drilling and tonnet lit vlna nn proprrtlra adjacent to th Mnki SMiillcatr and SAS Ranch dta- Indian Diatnct San B! h“n ( m""vDowning aaya tb Dims in pitchblende - 30-1- WEDNESDAY'S QUOTATIONS 4 HyesMff HeydnCh H ill nil (1 HnllandF HollySul Hmestke Plan Uranium Mill in Wyoming 14 177 40 63 62W GulfOU 62848000 Salt Lake Stock Market l"ai 93-- 218 48 H 8 731 286 994 BH 86 1 4 284 18 474 4 251 40 40 28 63W 42 82 v IB 41 a 10 13 23W M 34 71 1088 to data 4130000 bond aalea Wadneaday 1 24 11 341 Total American V 36 atu- a qalnblr 123 13 Maiket nol rsialiiihiMl ruilv un alauahtrr i Sloikria and tri-i- l rra atrartv Onr Iliad rltolra vraillna Mink Vlfrra brmiahl 18 30 J'akaard amid almk (alvei btouahl 17 5U tin - Estimated salable 1(H) Market 23 lower on biiiuhera Sows 25 liWei ( Inure No 1 and No 2 butrheia 1'I0 24() lbs selling at IB OO 18 75 24(1260 6 4 7 115V Jan 1 16 ( 8 6J4 LAKS Isllmalrit in 3H(a' 2: 70 7:i li 11' 24 Sales In lOOsTloaal Chf R OhloEdla 46ty NORTH SALT - ( attlr t'SI) A Ins dull American Slock Exchange 281 WEDNESDAY’S QUOTATIONS Salea In 100s Close! Cha 34 70H Fastman 4 48 FatonMfC 24 37 ElrAutL 3V- 115 FlPasNQ V 8 201 LmeranE 27 16 luiuitGaa 70 20( ErieKR 9 It1 Lvrsbarp 20 2 1 alrbkM 2JJ 17 V- !- v FchldLA 2 23F 'Family 31 12 FeddraQ Si! 38 Vi - 4 FtltrolLp a St)le 'Center Start Seen DmsCh MB 7 12 88 2 llNHv1 185 111) l Salra In (1 000 I'lnac1 ('ha WEDNEIDAV'E QUOTATION! V Albert L Leick Salt Lake branch manager said the warehouse leased from Wyckoff Corp would serve utilities and with pole municipalities in Utah Idaho Wyoming and Nevada f line building and 6treet lighting materials D P Barnes is district manager of the division I Total New Vork bond V Joslyn Pacific Co a division of Joslyn Manufacturing & Supply Co Is establishing a 3500 square foot warehouse at 560 Gale St it was announced Wednesday H 1 Oi In SI 000 Close1 (wthtd 3 ( nnhd mu 4' V 101V 1 TEN LEADING STOCKS Sugar Declare Dividend I o 14130 Sop'S CltleaSv i t 1 10 1 1 100 7103 C lanes (0 Honda hr AO 10 High Grad Rail 102 84105 10 2nd Grade Rail! 101 0107 CMSP cjt 41 10 Public I'tUa 98 57-- 04 10 Induatrlala 98 72 1 04 ChAN'W 15 Utila 44300 43 Stock 708100 401 97 148 42 14732 Commodttiea 17387 1 800800 20 RaUa 144000 directors have declared Sugar regular dividend of 15 cents a share for the fiscal year ending Feb 28 Utah-Idah- 'ItSl ‘l 10 V- ! Caul’ac Cloat 19 140 M 42 22 SOB On Sain 81000 Close nt 405 142 82 148 Y Gth WEDNESDAY'S QUOTATIONS ed 30 Ind 20 Rail! 1 peti-ON- E 104-poin- J K” - fjf over-the-count- er Foreign Trade Bill Brin o£3 Warning to Producers OilProblcms Nfw York Times Servlet NEW YOR'K Jan 26— Steel By Robert W Bernick THE SHIFT BOSS Joljbct S CllUlt Debate on UTAH'S FIRST CHARTERED SAVINGS BANK CO CUOMEn EHOIIERAGE Suite Bach PL 9L tcn 4 84C Utah Mo 4 97 log 1 ’ SOUTH TDAflE AN' 3 MAIN DAVID O MiKAY PRESIDINT Member Fet!®rd Deposit Lvjrsr-c- t Cr |
