OCR Text |
Show rrTrTvrrrvry --T nryvY tr Up and Down the Street By Robert H. Woody Tribune Business Editor Eliot Swan, president of' the Federal Reserve Bank of San Francisco, sees the system as less federal" than fed. National Association of Securities Dealers Inc. W Askad 2JI ! Aberdn 17 Am Grtti 7 .SI Atom Pit 5 86 8.42 AXi HOUGHTON 841 7.1 Axe HO Axett B 10.25 ll.u 10 6 11. 6 Boat Fd Broad St 1874 1810 17.17 15.47 Bullock Con Gen K.04 24.11 !41 22 30 Cdn Fd Cas.Xite 9.t5 ! CHANNIN3 FUNDS: 13.74)5.02 Baian 2.14 2.36 Com St 13.9 14.61 Grwth 1.71 Incom In Grtti 10.2311.10 Inc LPr Mr. Swan was in Salt Lake City Friday to attend a board meeting of the Salt Lake branch of the San Francisco bank and to address the annual meeting of the Intermountain Chapter of Robert Morris Associates, an affiliation of bank commercial loan officers. Mr. Swan noted that federal reserve in recent years has had to become far more concerned with foreign monetary activity in establishing domestic policy. For example, in attempting to encourage economic expansion through appropriate dis- count rates, it must determine , whether this will affect the balance of payments. Investment dollars, for example, might be lured to more at- tractive returns overseas if the U.S. ' . 'interest rate is toQ low. The voluntary restraint on for- Cign bank investment sought fry tlPresident Johnson is more a matter r of slbwing down than ctitting back, Swst tnv 4.70 10 49 17.4014.27 Sow In State St 45.04 4804 FDS: STEIN RO Stein R 41 .4 41. 4 Stem in 17:3317.33 Stein St 39.00 39 00 4.02 4 3 Telev El 5.14 5.42 TwnC G 5 43 815 I TwnC UNITED FUNDS: fr Sciten Uiv F Fridays Quotations Furnished Mombor of th o.m. 11 Noon p.m. P.rrv p.m. Total 1 2 3 Vangrd CHICAGO (UPI) Live poultry: Too tew receipts.brick Cheese: Processed loaf Cheddars: single Muenster b daisies 42VM5V.; longhorns Swiss: whMlatootew to reblocks 49W-5- 2 , A Grade block port; B 47-Grade C 45-- 4. ; Grede Chic-pWholesale prices os reportsd by Mercantile Exchange: score Butter: Steady 43. score 5V4; 9 score 56V.; ear-lotMW; 90 score score 57 V:; 9 score S7'. 9 Foas' Irregular; white lare extras mixed lerpe extras 27;.-M'- 22 Vs. j7w W; 24W; standards 24; mediums arPotatoes: Total U.S. shipments 56: rivals 11; track 40; supplies verytoolight. Mm- track and trading Stock available Indus. Ralls 938.67 939 27 939.07 939.47 210.23 310.10 209 83 209.83 5.860.000 939.63 Standard & NEW YORK (AP- No. 209 50 Law Cloeg 933.83 208 63 161.21 320.91 939.62 l,?rMtuS lb U.S. 1A): Id, russets 10.00. 10 Street 'Sales: Idaho russets Ideho utilities 8 50-- 00; bakers 12 Minnesobakers Memo russet Valley round ta North Dakota Red10River 00; M'ctnoan Wisreds 7.75-- 50; large 10.00, baker 5; consin russets 50. North Dakota russsis supplies Onions: Arrivals 0; but tew light; demand good; market firth limited track ottering. sales because of California yellow grano Track sale: Not to be dismissed, however, as an effect in keeping rales down is the heavy committment in savings. Raising of discount rate in and again ii 1964 has increased the total flow of savings going through banks. Problems now for loan officers has been to deploy the growing volume of savings without f s impairment of the quality of credit. Happily, demand for loans has been quite strong this year. The system has demonstrated its worth in the present unbroken period of economic expansion that began in February, 1961. There has been growth, but with relative sta3 Ijaag 1 75 sales: Street- 40; 25--3 gJtnoTarge 3.00; large .75 209.501.22 161.87 322.63 130.88 .06 .30 .04 closfd M 3 3.50. 22 WASHINGTON (AP)-C- ash spending dale a year age. Balance: Deposits fiscal year July 1: Withdrawals fiscal year: Total debt: Gold assets: (x) includes $283,983,140.26 AllflhCp 3 68 'A 72 $2 219 '32 14 62 'A 36 64 Vi 33 10 .20d .05 AlldCh 4J-- 90g Allied Milt 1 Allied Strs 15 29 '107 S5 43 t ALLISCM AiphaPC .50 AiumLtd .80 1.40 Alcoa Amerad 2 40 AmAirln Ito ABrake 2 60 ABdcPr 1.40 AmCan Co 2 A Chain 1.40 AmConsu la AmCrySg 1 Am Cvana 2 AmElec 1.24 Am Exp Co AExCopf 6 AmForPw 1 AHom 1.56a AMachF .90 AMetCI 160 AmMotors 1 AmNtG 1.70 Am Smelt 2 Am Stand 1 AmSuear la . 3 36 89 5 248 453 76 77 7 32 63 10 8 29 54 43 64 tops Certificated soot wool tops 161. 5N. GamfeS 1.20 GnAccp 1.10 GnAnit .106 Gen Baking Gn Dyn .506 1 Gent El 2.20 24 Gan Pood 2 13 ... GenMill 1.40 31 Gen Mot 2 1 79 GPrecn 1.20 77 G PubU 1.36 55 Gan Refrac Gen Sti 1.20 6- 8GenTeiOE 1 55 .60 46 GenTlrt Gene sc 1.80 35H 18 ... Georgia? ig 18 Gillen 1.10a 1 7? Glen At JOa 44 GliddenCo 2 32 Goodrh 2.20 ' Goodyr 1.1$ 93 18 ... Grace WR 70 ... GranU .60g 16 . GreotW 1.60 52 GRL 12 GtAP 1.20g 47 GtNPeo 1.80 99 GtNorRwy 3 22 GtWSg 1.60a 22 ... Greyhnd 80 69 . GrumA 1.A 56 69 57 47 36 18 93 17 70 16 8 52 12 47 59 22 22 69 39 1 58 187 15 25 42 7 466 74 52 12 47 99 22 21 69 38 38 30 47 66 43 39 30 16 47 66 47 39 67 67 46 45 73 31 17 73 21 23 120 223 160 - Cattle OGDEN .1.100 for week slaughter choice sales calves; few and heifers steady, but not fully fairly steers d to standard higher, 5 higher; cows and bulls Utah to 2$ higher; feeder cattle strong 14 feed lot and rach sales ending May active, hellers on slaughter trading cent higher; slaughter steers strong to 50 conslaughter heifers steady to strong; firmed sales feeder cattle and spring about sales few wool slow, lambs stow; for steady; inquiries on feeder cattle but fall delivery increased the past week, steers slaughter no sales confirmed; 0 lb mostly,, choice most at latter price; 140 choice lb 25.75; 150 mostly good 170 5 lb slaughter heifers note; lb 23 mostly choice pet. all slaughter cattle fob feedlot shrink or equivalent; Spring lambs: 1,500 choice and fancy feeder lambs estimated 6580 lb 21.75 September delivery, plus short haul and this week confirmed stand; overnight 620 slaughter steers, 170 slaughter heifers 1,500 spring feeder lambs; last week 325 steers, 155 slaughter heifers, slaughter 290 feeder cattle; Wool: 3,200 fleeces bulk 58 62 spin count grease f.o.b. salable none: for week 225; Hogs barrows and gilts moderately active, higher; not enough sows for an adequate price comparison; Sheep none; for week 300; slaughter-lamb- s strong to 50 higher; few slaughter ewes firm. Record low temperatures prevailed over the area late last week to early this week with many areas reporting severe crop loss due to freezing; later this week temperatures moderated and most stations reported under readings partly cloudy skies; some lamb tosses were reported at higher elevations in Utah while some areas in eastern Nevada estimated near 5 pet. loss due to cold, damp weather? all sales for immediate to delivery .unless other wise stated. nmfi Co. Officers elected were vice president, Heber Aldous, First John Security Bank of Utah, N.A., and secretary-treasure- r, Langland, Zions First National Bank. Tintic Standard Tallies Profits Tintic Standard Mining Co. had net profits of $66,116 in first dividend since 1947, H. E. Raddatz, president, says in a report to stockholders. The net profit came after writing off $36,995 In expenses from Ihe previous years. Net income was $106,111 compared to a loss of $63,316 the previous year. The dividend paid in 1964 totaled $56,999. Mr. Raddatz said production from the Burgin No. 1 ' a shaft of the East TintjUnit has reached an day level. Half Interest in E. Tintic Unit 1964, and paid its re NEW YORK s Mixed; Chicago Wheat Mixed; May firm. Corn Mixed; May firm. Oats Steady to easier; meager trade. old crop months Soybeans Higher; strong. Hogs Steady; top 22.50. 0 Slaughter steers higher; top 30.00. 4 slightly Over the Counter Fridays Bid Asktd Albertson's Inc. American Savings I Loan Aztec Oil & Gas Boise Cascade Bonanza Alrlinag Browning Arms Brunswig Drug Denver Real Estate Equity Oil First Sec. Corp. Frontier Refining Intermountain Gas Lane Wood Inc. Life Ins. Co. of Kv. Cattle 3,500? no calves; slaughter steers and heifers fairlv active; steers 0 higher; heifers strong to 25 higher? cows fully steady; bulls strong; around eight loads prime 5 lb slaughter steers w.50-297one toad at 29.75; two toads 0 lb 30.00; highest since prime January, 1963; high choice and prime fb 0 choice lb mixed good and choice standard and good low good several toads aver0 lb slaughter age to high choice ? heifers 25 choice mixed good and choice good cows utility to commercial canner and cutter utility to commercial bulls 16 Sheep 100; not enough to test market. OMAHA Hogs 5,500; barrows and gilts lb steady to 25 tow0 er; heavier weights lower; mostly 25 off; sows weak to 25 lower? lb 0 21.65? lb lb 30000 lb sows Cattle 1,200; calves 10; steers averaged good to choice and heifers steady; choice lb steers 26.50; lb good and choice heifers and cows commercial utility Sheep 700; choice and prime spring lambs steady at 26.75; utility and good old crop shorn ewes steady at 119 ' 20 39 67 45 73 21 43 28 3? 28 32 65 66 2 22 12 103 592 7 121 A 66 2 23 B 20 25 8 75 20.75 37.00 800 27.00 5.75 29 00 30.08 15.50 51.25 26.00 19.75 5.37 40 25 5.62 11 00 26 25 Morrison-Kmpdse- n Nat'l Amer. Life Northwest Nat'l Gas Ore-ld- a Nat'l. Gas Pubco Petroleum Scientific Data Southwest Research Surety Life Utah Construction Valley Nat'l. Bank Vitro Corp. at 42 50 500 1900 59 25 7 37 10.00 20 75 00 21 25 37 50 8 50 27 50 600 28 25 30 00 30.50 16.25 52.00 26.5D 20 25 5.62 41.00 6.00 11.50 26 75 29 00 8.50 9.00 Pack .90 CalHecIa .80 CampISp .90 CanDryCp 1 Cn Pac at 7oc, 500 at 70c. 1.16 Great Western, 2,000 at 5c, 1,000 at Sc. CarlPLt 1.60 CeroTe! Keystone, 1,500 at 38c. Carrier 1.30 New Quincy, 500 at ISc. CarterPr .40 Park C. Con., 4,000 at 9 'he. Case(JI) Co Park Premier, 1,000 at 4'ic. Caterpi Tr 1 1,000 at tvyc. Royston Coal, Ceianes 1.80 So. Standard, 100 at 1.10. CanSoy 1.30 Sundance Oil, 1,000 at 25c CerroC 1.60 Tintic Lead, 1,000 at 23c, 1,000 at 23c, .70 Certn-tat 24c, 1,000 at 24c. 1.20 23c. at Cessna 500 Utah Con., ChamP 1.20 Water Wond., 1,000 at 10c. ChampSPI 2 Chemetron Ches Ohio 4 ChMSPAP 1 ChiANoWs 3 ChRIAPac 1 Friday, May 14, 1945 Chris Cr 106 $34,160,866.00 Thursday's Bank Debits 1 Chrysler $29,634,850.00 SameDay Last Year CinnGasEI 1 $176,574,900.00 Week's Bank Debits 1 60 CIT Fin $171,762,593.00 Same Week Last Year CitiesSv 2.00 $33,852,962.62 Friday's Clearings CievEII 1.20 $27,384,912.49 Same Day Last Year Clevite IWg $160,921,591.07 Week's Clearings CocaCol 1.70 $150,704,673.80 Same Week Last Year Colgate 1.20 CoilinsR .40 Colo Fuel tr B C S 170 20 Col Gas ComCr 1.80 The Range: Close Prev. ComSlv 1.20 Open High Law Com Ed 1.80 WHEAT 1.46 1.47 1.46 1.48 Com Sat 1.46 May 1.40 1.39 1.39 1.40 1.40 ConsEd 1.80 Jul 1.42 1.41 1.41 1.42 1.42 ConsFoods 1 Sep 1.46 Td47 1.46 1.47 ConNG 2.30 Dec 1.49 1.48 1.48 1.49 149 CnCoal 1.80 Mar NEW Contanr 1.20 1.40 1 40 1.39 1.40 Cont Airlines Jul 1.42 1.41 1.41 1.42 1.42 ContBk 2,20 Sep 1.46 1.46 1.45 1.47 1.46 Cont CanC 2 Dec CORN ContMot .40 1.34 1.344 1.34 1.35 1.34 Cont Oil 2 40 May 1.34 1.34 134 134 Contrl Data Jul 1.28 1.28 1.28 1.29 .80 1.28 Control CoopBsi' 1.60 CornPro 1 .71 .71 .72 Corning Glass .69 JfPt Crane Co 2 .69 .69 .68 .68 CrownZel 2 .71 .73 .71 l.l1 Jan Amalgamated Sugar Pfd. Continental Bank Deseret Pharm. Federated Security First Security Inv. Frontier Refing Garrett Freight Ideal National Lockhart Corp. Magna Invest. 673 Magna Invest. National Securities Oil Incorporated Reliance Nat'l. Life Rogers Bros. Salt Lake Hardware Security Leasing Sentinel Security Bonn Sylvan , Texota OH Tracyoilin Bank Utah Concrete Pip Utah Home Fira Ins. Utah Hydro Valley Bank I. Trust Walker Bank Trust Z.C.M.t. Zions First National 2.52 2 86 2.87 J82A 2.82V 2.78'k 2.561 2.491 2.53V 2.566 2.4714 2.516 2.83 1.10V4 2 B6'4 2.867k 2.8114 2.56V: 2.49V. 2.53 Spot Metal .71 .73 - 14 mjp '& 1a CruciW 1 1- (8 '4 36 79 40 48 84 51 51 28 15 38 32 40 35 56 59 28 41 35 2.54V: . v 15 38 43 46 42 38 1.20 .80 188 9 60 26 42 26' 42 23 41- 37 42 43 1J 23 24 20 16 43 50 36 46- All A 59 23 27 38 29 22 NoAmA 1b E 34 16 17 166 15 83 20 56 30 57 72 22 70 40 .90g 2.80 .90 NAmCar NoNdtGas NoPac J.40a NSfPwr 1.44 NorthropC 1 NwstAirl .80 NwBanc 1 t 65 102 19 20 16 43 49 36 4$., ill.' 53 76 39 76 55 40 23 59 23 1 27 37 29 561. 52 22 31 (A ... 1 36 42 37 44 18 33 40 44 - 36 45 31 . . 43 35 56 44 36 26 29 18 25 47 69 48 -1 -... 68 79 3540 72 49 69 40 20 52 46 48 43 40 20 53 46 40 41 41 480 37 13 92 34 481 37 Singer Mfg K 1.60 14 Smith Socony 2.80 SoestPS 1.00 SCalEd 1.20 SthnCo 1.80 SoInGs L!0 SoNtGs 2.30 So NatGs wl 2 So Pac Sthn Ry 2 80 Sperry Rnd Spiegel 1.50 SquarD 1.60 St Brnd 2 40 37' 48 59 47 66 65 61 61 69 58 68 58 36 24 37 24 61 61 19 22 19 22 StOiNJ 1 STDOhto Std Packing StanWr 1.20 Stanray .60 Stauffer Sterling .75 Stew Wn 1 Stone AW 3 Studebekr SuburbG .64 SrayDX 1.40 39 41 113 4t 54 61 55 52 66 12- 49- 65 30 65 41 41 41 23 3- 55 376 17 23 16 4 4 10 31 30 31 58 13 57 57 13 4 CF 82 19 68 36 1 82 37 ... 861 82 85 41 69 36 72 35 ' 71 19 4! 69 36 72 ... Mi 3- 35 37 56 57- 356 13 56 13 34 34 .34 73 71 34 72 9 78 144 238 33 87 6 80 70 42 78 54 80 69 42 80 69 42 13 4A 34V k 32 67 5 16 30 31 62 28 53 . . -. 78- 35 16 46 34 32 67 5 16 77 72 27 3 144 12 217 7 80 16 Mi 54 !1 35 15 11 21 T 17 9 58' 74 41 Tenn Gas Ig Texaco 2 20 TexEsTr .90 TexGTrO.90 TexGlfS .40 Texas Inst 1 Tex PL .35b TexUtll 1.36 Textron ThiokoiOl 41 Tidewtr Oil Timken 1.80 TraneCo .60 Transm .80g Transltron Trans W A TriCont .37b TRW Inc 1 0- 9 57 74 Ml 51 SunshMn .40 Swift A Ce 2 66 .30 1 366 82 SUn Oil 5- 13 80 1 77 86 82 19 168 14 84 2 50 30 4 3 StdOCal 2.20 StdO Ind 1 42 112 1 4 1 43' '- 61 - 27 52 34'4 3- 867 S 16 ... - 31' 62 27 W 53 .60g 1.40 1 80 1 i 1.80g I . . 52 36' 30' 45 '- 74 - 19 41 3 .30b 180 93 52 4582 63 36 57 66 56 55 16 39 76 55 40 22 55 52 56 7t 63 .53 UnTenk 1.80 UtdAircrft 2 UtdAirL 1 UrCorp .35b UtdEngFd 1 UtdFruit Co UtdGas 1.70 Utd Pk Cm UdShoe 2.50 US Gyps 3a USIndust In USPipe ,1.20 USPlay 1 20 US Rub 2.20 U S Smelt US Steel 1b US Steelpf 7 US Tob 1.40 Utd Utils 1.20 Upjohn UtehPL 1.44 NatBisc NtCshR 1.20 NtCityL 1 40 N Dairy 2.60 NatDist 1.40' NatGyps 2g NtLead .75b Natl Steel 2 Nat Tea .80 Nev Pwr .76 Newberry J N EngE 1 JO N J Zinc 1 Newmt 1.40 NYCnt 1.30a NiagMohk 2 NiagMoh w) NORFAWs 6a 31 59 59tV VanASt 1.60 Vanadm .60 Vartan Asso VictorCp .25 VaEPw 1.12 VulcanM .80 N Eastern Air 6- 41 20 Dresser 1.60 Duke Pwr 1 DuPont DuqneL 1.40 -. 79 74 59 J 12 7 34 15 437't- 41 51 7 14 4, 4- 41 93 35 V0 18 - 49 209 ... 2- 39 A4 S3 71 63 102 16 166 $3 55 102 16 166 83 56 , 51 51 1 22 39 22 40 . 41 61 61 61 49 6 86 85 32 85 32 32 97 11 97' I f1 4 156 155 7 31 30 27 2954 29 34 67 66 4 43 43 11 19 17 10 53 13 21 13 30 4 36 23 55 136 57 10 59 14 30 46 128 97 52 32 63 76 59 17 S3 21 - 22. 49 21 . 38" 21 38 14 15 21 v49 120 21' 529 127 52 63 49 37 63 49 37 24 9 .24 09 48 32 1- 4- 8- 30 36 6- WhiteM .... . t' 13 38 30 36 to 53 34 36' 45- - , to to to to 85' 43 34 1.40 21 1 5!tol WMsonACo 2 1 20 WinnDx Wool worth 1 to to 41 to 30 492 Worthington YongST 32 30 36 1 White Strs XeroxCp 31 to 21 47 454 36 1281 52 31 49 w WAirBr 1.60 West El 1.20 West Pacific Wevert) 1.20 Wheel Steel Whirlpl 2.40 Whirl pi wi 59 30 31 to 21 40 WUnion . 31 33 36 55 - 24 52 3 38 22 15 . 156 Waigrn 1.20 Walworth C Ward Fods WarnLm .90 WashPr 1.00 WVaPu 1.30 WstAirL .80 W WsBanc 1.10 W WestMd 1.40 29 49 37 24 90 48 5 20 204 53 55 34 331'A 40 34 40 76 60 329 163 70 O Ohio Edison OkGAE .84g OkfaNG 1.40 METAL .50 1.80 43 3633 82 YgtSD 1.40a to AL ZenithR 1.40 '- to to NO JOB TOO BIG NOR TOO SMALL BUILDINGS 9.14 615 7.14 39 78 V EastK 2.40a Eastman wl CHICAGO, May 14 (AP) Whaat No 3 EatonMB 2.20 1.80 rad 1J9N; No 2 hard 1.51N. Com No 2 E S 1 vellow1.38N; No 3 yellow 1.351.37; EIPasoNG EltraC 1.20 No 4 yellow 1.32. 8.36 5.63 6.53 56 33 40 79 16 38 7 18 ... ... ... DN Easts St Gish Grain 04 56 340 78 16 38 74 UnionOHC Un Pac 2 20 .40g 1.16 1.40 EastGasF 14 56 32 UnCarbide 4 Un Elec 1.12 2,477. Denver RG 2.516 DetEdis 1.30 Dia Alkali 2 Diners .50a Distill Sea 1 DrPeppr .80 DougAr ,60g Dow C 04 81 2 UdVlite Cudahy Pkg Curtis Pub Curtiss Wr 1 OaneCp DavcoC 2 814 DayPLt 2.826 Deere 2.776 DeIHud 31 1 20th 56 60 4517 44 76 52 35 44 75 52 35 29 31 1 15 38 32 29 31 92 52 45 71IVd 35 79 40 48 84 1Q 29 106 83 60 106 52 63 37 12 57 66 55 55 30 2a 1.20 - 39 30 10 V4 - X55 12 31 38 30 31 11 H ... . 105 83 60 105 34 39 7 40 21 20 19 53 74 46 34 48 49 43 IS 41 17 482 232 38 .40a 15 $9 117 41 74 58 77 L 31 ' 39 32 29 8 2 23 28 14 54 33 42 67 40 300 16 13 330 29 50 21 26 49 70 46 35 54 15 76 9 13 54 -r- 49 34 40 11 32 70 1.40 2.70 1.20 49 32 50 15 58 117 4$ 29 8 407 40 20 41 25 42 42 113 58 61 38 54 $7 53 21 66 228 50 49 65 1.1W NEW YORK (AP) Soot nonferrous metal prices Friday: Copper 36 cents., pound, Connecticut Valley. Leed 16 cents. New York. Zinc 14', East St. Louis. Tin 1.9I'4, New York. Foreign silver 1.293. a troy ounce. New York. Quicksilver 600.00 flask New York. Founders Mutual Industry Fund of Amor. Western Ind. Shares i To Combat Unemployment Cal c Grain Futures SOYBEANS 2.83 Way 2.83'A Jul 2.79k Aug 2.55V. Sep 2.48 Nov 48 K 41c. Combined Metala, 3,200 at 24c. Comat Co., 100 at iVhc. 400 at 55c, 300 at 55c. , Crolf, 3.000 at 3c, 940 at 3VC. Eaat Utah, 1.000 at 45c., General Con., t a Deposit. KM at 70c, 500 at 70c, 7 45 42 -I- at 3.42'A, 30 at 100 39 77 56 40 23 56 53 56 21 IdehoP 1.20 Ideal Cem 1 IHCentlnd 2 ILL Pwr 1.40 Ing Rand 2 Inland Stl 2 InspCpr 140 Local Mutual Funds ) Pre-Fabricat- ed Meany Asks.More Public Investment er AFL-CIYORK (AP) Why? Because new plants, and technological improvements president George Meany Friday called for more public inves- have reduced manual requiretment in the battle against un- ments." employment Meany also urged greater laI Expansion of. private inves- bor participation in the political tment, he told the convention of arena. tabor Rejects Utility Workers Union ot Ameri-ca- , 42 00 4.75 18.50 59.50 7.12 9 50 31 23 B 42 43 Bank Gearings Quotations Quotations from National Association of Securities Dealers, Inc. at approximately 1 p.m. All bids are interdealer bids. Asked prices In national list are prices. Interdealer quotations do not Include retail markup, markdown, or commission. The asked prices in local list have bean adjusted upward to Include approximate markup. National Securities i tion shaft. Surface installations are almost completed, and it is expected that the production goal of 500 tons a day will be reached some time in 1966, Mr. Raddatz reported. Production from the unit will be lead, zinc and silver. Mr. Raddatz noted the increase in lead price from 12 2 cents to 16 cents a pound and zinc, from 13 to 14 y2 cents during the year. Silver Prices Remain Strong The demand seems healthy at these prices, so theyre expected to continue in 195. Silver, at $1.29, is very strong. Commenting on Twin Buttes Mine development in the Pine County area of Arizona, by Anaconda Mining Co., Mr. Raddatz said Anaconda expects to spend 50 million dollars at the Twin Buttes mine in theSiext five 'ears. (The Twin Buttes Mine is located c.. claims of Banner Mining Co. in which Tintic Standard 'owns an 11.37 per cent interest. ock heavy trading. governments Cotton Steady to higher. Bonds-Mi- xed; CHICAGO Hoos 1,000, fairly active; barrows and gilts steady; sows steady to 25 higher; No lb barrows and gilts 22.00-225, 90 head 22.50; mixed lb lb sows 18.50-1- 9 00; couple toads around 325 lb 20 00; lb 3 lb 50000 lb Kennecott Copper Corp. is the operator on the 11,000-acr- e unit more than half of which is owned by the Tintic group, of which Tintic Standard Mining is an integral part. The No. 2 Burgin haft has now been cofnpleted to a circular depth of more than 1,300 feet. A concrete-line- d shaft 14 feet in diameter, it will become the main produc- Silver, 39c, 300 ' 4 49 2 33 36 50 $3 15 110 59 50 118 9 45 190 40 21 167 Asfcad Chief Con. Pfd, 100 at 3.37V,. Clayton Silver, 500 at 39c, 5.000 at 3Sc. at 26 1.48 .84 34 57 67 56 56 30 53 ' 500 OlinMa OranoeR OiisElv Oufbd M OwensC Owen lit OxfdPp 79 38 13 3 HamllP 1.60 14 HarbWr 1 80 A 4 Marx Hart, Shaf 22 Hecla Min 1 46 P .40b Here 29 Hershey .80 6 Heubien .80 124 HewitP .10b 271 HiltonH .306 72 Hilton Intntt 12 Homest 1.60 04 Honywl 1.10 39 HookCh 1.20 21 HooverB .80 04 HousLP .84 69 Howe S .20b 23 HudsonBy 3 222 4c Cp Hupp 66 No (API-St- 48 61' 2 GuHMoOh Gulf OH 1.80 IlntMng IntNick Int Pap int Shoe Int TAT ITECrB Markets in Brief Markets - Inclo"steers steady. i5 31 34 22 30 7 8 743 45 102 106 64 83 20 296 107 64 34 29 40 25 18 "16 26 253 42 546 23 53 64 6 IBM Inti Harvest Champion 32 41 23 330 17 47 21 43 28 32 68 66 2 23 24 Fridays Quotations .00. 26 - G 10 79 77 X279 ' Livestock 31 8 26 - - 46 29 54 43 86 24 71 ... 62 84 18 48 80 54. 44 16 32 93 18 AmTob AmZinc Ampex Crp Amsted In 2 position of th Treasury compared with corro- - Anacon ,75b AncHG 1.40 May 11 1964 M9 11 1965 ArizPSv .92 $ 7,337,533,934.23 $ 9.998,196,061.93 Armco Stl 3 102,389,714,984.33 98,912,138,067.23 Armur 1.60g 108,577,111,712.65 108,315,971,722.47 Arm Ck 1.10 316,659,412,149.52 309,183,785,229 98 x) AroCorp .80 14,350,910,667.44 15,462,162,895.98 AshldOl 1 60 debt not subject to satutory limit. 1.40 AssolfW Atchisn 1.60 AtlCstLIne 2 AH Ref 2.40 Atlas Corp AvcoCorp 1 Bid -4 31 61 31 64 6 6 2 1.60 1.40 Treasury 51 86 25 13 61 AmTeitT 68 52 - wool 31 - - Salt Lake Stock Exchange granex yellow white medium 2.85 1731 A Salti(hds) High Low Last Chg. AcmeMk 2g Adresso 1 so Admiral Cp Air Prd .20g AlrRed 2.50 AllesLdStl 2 06 .05 AllegPr 1 )- Texas veilow large spot H0N. closed quiet. futures Wool First Dhiclemri in 17 Years he referred to as the manpowwhich he said revolution, has added to unemployment. Dairy Market Eggs ) Grade (prices by loos B )roe large, 33; medium, 31, AA, 35; A Packaged Pre-Engineer- ed sandCheese: rindless block, 41) wich loal, 44; mild longhorn, 44. TO 3 score, 73; W score. 71, Butter: SCOT 6V. THE PROVEN BUILDING - by of Licensee Service Complete Erection Materials Financing.' IncreasingForce Because Low Cost Service Colored Steel or Galvanized years of Baked Enamel technological changes, we are producing more than we need at a time when the work force is increasing, Meany said. Meany said that in a free society, the trade union movement flourishes. He urged full labor support of President Johnsons policies, domestic and foreign, because his administration is dedicated to achieving greater . Th Money To Save Will Be T Mf RENTAL TRUCKS Own WESTERN BUILDINGS CO. in many instances increases Labor rejects the idea that it the number of jobless. must confine its activities to the Closing Plants bargaining table, Meany said, since it0 would violate labors We see. some companies clos: as citizens. rights a as ing one plant and building Weve aS times one three' got to meet the chalreplacement lawhich face labor in the d the but lenges, using large bor force of the .smaller plant, legislative halls, Meany said. ' The most important of these freedom. h said. 30 South 8th West, Salt Lake City j I 322-187- 1 MAIl TO ABOVI ADDPE5S am interested in mere Information on GARCO Buildings, ANY SIZE I I - ANY CAPACITY I Noma j JCity A. AA 4 A 4 320 I Address ,4 i ' Poors Closing 500 Stock Index U.S. 14 PacGaa 1.20 Pac Lt 1.30 Pac Petro PcTAT 1.20 Pan Am .60 Panhdl 2.60 Peremont 2 Parke Dvs 1 Peabody C 1 Penney 'IVt PennDxC! 1 PennPL 1.44 futures Wool YORK (AP) cent lbwer unchanged to .3 o4 a 121 IB, Mr aa 95 120 0, DcC Jhf miB. Oct Miv "certificated world, he said. ' Members of the association elected Reed Wood, vice president of Walker Bank & Trust Co., as chapter president. He succeeds Wendell E. Gile, vice president of Continental one-thir- 1,379 543 572 264 106 bonds high grade rails 84.88 2nd grade rails 93.08 public utilities industrial 40 10 10 10 10 13 142 8200 117 182 1 Finar Quotations 92 F Wool Market bility in prices. U.S. record for price stability in the past seven years has been the best of any industrial nation in the 1 securities traded Advances Declines Unchanged New highs Now lows St: Heavy Savings Commitment -- Volurno Volumo High Industrioli 944 82 561,900 Rails 143,400 211.41 Utilities 162.55 76,900 782,200 324.62 Comp. futures index Commodity 5.32 5 01 11.22 12 24 by Good body A Co. Now York stock Exchanta 1.700.000 3x800,000 3.770.000 4.750.000 5.150.000 Hourly. Cn VALUE LINE FDS: Val Lite 843 7 54 8.11 8.70 Vel Inc 4 00 Val Spl - rt () Dow Jones Averages 14.7414.11 54 4.33 Iricont EmrRad .48 End Johnsn Erie Lackw ErteLack pf ESSEXWire 1 ExCtilo 140 .() 17314.49 A(U New York News Chicago Tribune Chicago Daily News -- Local Intereet fleck euetettens aisbaC By Sckwebectwr C.t m hundred All sates (00 omitted) except tor those designated (i which r are traded In lot and carried in lull. DIVIDENDS: extra; Plu r ttni year, (b) 'declared or paid s no reoular rate, (c) payment on accumulated dividends; (d) paid last year, (el annual rale plua cash plus aleck; atock dividend; (b) capital distribution! (1) per cent in alack paid laal year; (k) per cent In atock. (x) FRACTIONS: (t) Indicate (ollowin Ilsur la fraction In 3nda. NEW YORK (UPI) Selected atacka on tbe New York Stock Exchanoo Friday: Produce he noted. Guideline this year is to keep foreign investment at 105 per cent of the level at the end of 1964. In an attempt to sustain and encourage capital investment, the Feds philosophy has been to keep long term rates minimal, and results have been good. Trust lneomn Grwth New York Times New York Stock Exchange: 11 X 131 Not WS NAT SBC 6 Bond Divnt Pf Stk UPI v In 6.83 7.3 Walls Intcn Inv Res 11.97 13.01 Wsh Mut 12.4213.74 1S. 1844 Fd IW.II KEYSTONE: 17.45 10.44 11.23 12.261 Wndsor Dis Foreign Monetary Concern & 10.75 Baien 1 .Bank AP 11.07 11.10 Lex ms 4.94 7 5 Lift Stk Mass Gr 4.95 107 13.23 14.46 4.66 7.20 4.94 7.63 0 31 7.09 9 52 10.40 10.49 11.34 1 i 150 17 17.94 19.41 ks alt fitkr piMtitt 844 1875 'Mass Tr once-every-- mid-196- 15.4 7.4 Lazard ' 1 51 ,S-- 4 27 . Finance Markets Mines SI l15ifc0 Inti Knikr while its monetary not necessarily accommo- -' date the pecularities of regional economics, it is responsive to the sum totaj of regional needs. Divid SB 35 833 809 85 Dow Th ' These are expressed in a variety Dreyfus 12.51 24.47 13.5414.64 Bat v Eatn of way such as the Fid Cap 12.91811 three-weeFund 10 85 20.3 meeting of the Federal Fid Fid Tmd 11 84 23.74 -- Open Market Committee in Wash; Fid Mut 10 20 11.15 5.89 5.3 1 ington, D.C., where the 12 district F.I.F. Fla Mut 2.44 2.91 SEC presidents and the board of gover- GROUP Com St 15.54 17 01 nors join for an exchange of ideas. Ham hda 5.83 4.3 Incrp Inv 7.92 8.64 Mr. Swan, a one-tim- e professor lnv Bos 14 07 5.3 INVEST GROUP , f economics at the University of California, joined the bank 12 70 13 Mut 24 years ago as an economist. He was 21.94 234 Stock appointed president Select 10.46 11.24 7 in 1961.. Var Pay s l TT w -- T-y--rT -r--w The Salt Lake Tribune, Saturday, May 15, 1965 7.70 30.11 15.04 14.04 S- -l AO o v- m Fridays Quotation " J " "F T American Stock Exchange W 1M 844 7.M K- -l th HGr Inc rrr f rn w-sr--w Puritan 16.6010.23 Putnam 1.141 Put GrlB 17911.79 1.14 Sped FDS: Cham Fd 15.3181SCUDDBB scud st X 1 44 n commonwlth Am Sal JVS U'21 FUNDS: Cwth In 10.40 11 51 Sh Bos Diver Gr J 1.14 12.34 Shs Am 11014.72 t.And A -- Fridays Quotation ' erated. rr T Mutual Funds U.S. Banks Responsive To Needs, Chief Avers j rr t i i . Z 4 se. OAS.4 s . 4-- W. 13th So. .6 486-202- $ j -- s. t e,s L X AA AltsA . n. |