Show - The Salt Lake Tribune Up and Down the Street Rally Drop ir- - ts y lot of 50- - re- - VI ts ia-- ad p: ri- - J th C on M ier I Mr- - Bernick A year ago July J Energy Commission at the Atomic estimated million tons of ore 7814 1 averaging 27 per cent U308 on Jan 1 1959 A year ago July 1 the Atomic Energy Commission esti mated reserves at 7814 million tons of ore averaging 27 per cent U308 irs ir- - he ill lit A SPOKESMAN AT THE GRAND JUNCTION Operations Office of AEC told The Tribune that the increases were "largely statistical” in that they did not reflect “new” discoveries of ore made during 1959 "a These figures and increases are almost totally the result of the big ore reserve survey launched by the agency on Nov 1 1957 Subsequently the AEC announced it would buy no uraniunoncentrates from ores discovered after Nov 24 In any event the western mining states added the 6400-00tons of ore to reserves despite the fact that during the six months of 1959 some 3614000 tons of uranium ore running 25 per cent U308 was fed into about 23 operating mills with daily capacity of 21740 tons This capacity shortly will be increased to more than 23000 tons a day ‘ 0 e- er al- - ks on alf us ve ne in- - he ia- - so 111- - or- - in ve o’ 3W rts a i 50 in it on lie ra- - ) lie ith m-- Wednesday was 3030000 shares against 2- 140000 Tuesday For the fifth time In the last six trading days more issues fell than rose Of the 1214 traded 789 fell 244 rose and 181 closed unchanged There were six new highs and 131 new lows 0 WYOMING INCREASED RESERVES from 11500000 tons Of 31 per cent U308 to 15 million tons of 34 per cent U308 ore Utah is third in the nation in uranium ore reserves Increasing those reserves from 5600000 tons of 34 per cent U308 ore to 5900000 tons averaging 35 per cent U308 COLORADO’S RESERVES INCREASED 100000 tons to million tons while Arizona reserves went up 200000 tons to 1600000 tons Most other areas noted minor increases in — uranium reserves es he ut- - by to rl- - White Canyon Mining Co controlled by Texas-ZinMinerals Corp operating mill at Mexican Hat San Juan County bad a profit of $127018 for nine months ended July 31 1959 says F J Maloit president Working capital increased from $1232779 to $1437561 c “THE TWO DEVELOPMENTAL drifts on the Hideout Mine are progressing satisfactorily and should encoymter the main drift ore body this month" he said In mining the Moki and Shaft ore bodies more ore of better than average grade was discovered Mr Maloit said BANKS AND INSURANCE Earnings NEW YORK Sept 9 fAPl-Ler- ner Stores Coro Wednesday reported a profit of 92924325 equal to $2 30 a share for the year ended July 31 In the previous 12 months the women's wear chain cleared 91843901 or $143 a share Other earnings! Iterkmaa Instruments Ine for year tndad June 30: 1856 x 946923 1959 Unite Artists Cert for 26 weeks ended July 4 1959 end June 28 1958: w w clvoi ' 1958 1318000 78 cents 11587000 86 cente I ORANT MANN OA 11774 a iba AlmLtd FreptSul ALCOA FruehT GenAcpt GenBk GnDynm Gen El GnFoods GenMtrs GnRfcrt GenT&E GenT&R GaPac Gillette GlangM GlnAldn Glldden Goodrch Goodyr GrceWR ‘ GtNIrO GtNorRy Greyhnd GrumAir GulfStU HercPdr HiUonHt HoffElec Hollnd Homestk HonoluO HouseF HoweSd IdahoP IdealC UJCent IndRay Inlands Xntlakel IntBM IntHarv IntNick IntPap IntShoe IntT&T JohnaM BuddCo Brlgtnln Bun ghs ButteCp CaIPckg CllahnM Calu&H CanDry CanPac CaseJI CaterpT Celaneftt Celotex Cer dePa Jone&L JoyMfi Certn-t- d 138 ComCrd ComSolv ComwEd ConEdis Containr ContBak ContMot ContOll CooperB CornPrd CreneCo CrwnZIl CrucIbSt CurtiMW Cutler H DeccaR Deere Del&Hd DelL&W DenARG 'etEdls DiamGrd DomeM 20 ft I'1 64ft 191 20' 9 20' 28' 16' 23 19 31 6: 62ft-2- 27 52 ft ft 10ft 281 12VI 96 29 15 I t $1 79 :8 V 30' 44 ft 8 2G 310''431 17l- 9' 44VI 81 Slftl201 i 2 : it - ft - Vs - i 18 - ft 48ftl- - lft 84 ft - ft lMurrav NatAvia NatBlsct NatCshR NatCLns NatDalry NatDlstU NatOype NatLead NatSteel NwmtM NYAlrB NYCent Agancy (alt taka City — FOWiLl Agansy 1041 (HIRKLl Salt City DON I OftORN Atwy Of I IA1PH UNION Afwny WAYNI D JCAMPIIU Afwiiy I It 4— IX Se MSN XicMUI4-T- W OODEN Sept 9 (USDA4 — Cattle 160: limited supply mainly Wool Market of Canada's largest Food Distributors 00 9 Hoga 50 late trade active to 25 higher few US No 1 54 - ProcArG ft - ft Publckr - 2 59ft '4 PuSoPw ft Pullman ft PureOil 70 3101 58ftl- 531 42 ft 22 32ftl- 87 129 19 49 171 12HI 4i 28J 28 50 la ft --- 231 2OV4U 2Pif 2U 109 62 12 39 4 38 24 - 171 24l 12 W 9 21 2i 101 151 1 -- 40ft 54 31ft 20ft 45 lOt 34 9 46 ft 21 31 141 21ft 51 28ft 49 Rayonr Raythn RepAvn RepStl RynMet RynTob RchfldO RylDtch Safeway St JsLd St LSFr StRegP Schenly SbrdAL ShmOG SharnSt Shattck ShellOil ShellTr SmllMfg Slmmns SinclrO SkellyO ScnyMb 57ft 23ft 44 19 V4 V - 4 78 ft 431 101 271 55 891 31ft 8! 51 731 78 V 47 ft 53 ft 77 49 V 3 79 SOI 42 ft 301 37 ft 1 V UnBCp UnCarb UnOCal UnPac 441 49ft lft UnltFrt 7 26 ft UnGCp UnPCM 241 81ft UnShoe 151 27 ft USAFSec 21 26 Isis' 81 ft'-3- 81 rt USGyps USIndust 58ft1-4- 1 ye USPlyw 27HI- - ft URRub 61 50ft lft USShoe 27 29’ ft V USSmelt S3 1118 ft 93ft 81 USSteel to Box L37 this ntwspapor 04 105 150 02 ft 8 00 40 02 725 UtNMxO 36 65 02 03 VictorCn WestAla WeitTol Wilbert Willstn YankCn 67 ft 03 ft 04 06 03 07 02 14ft 13 02 03 Zuma ft ft 12 125 03 03ft Mutual Funds Wednesday’s Quotations Bid Aktd I lc 4c Grain Futures CHICAGO Sept 9 (API— Oats (old type contract 67V4N Oats (new type contract)— 66 70 71 70 64 131 134 138 134 125 ft Salt Lake 07 2 10 2 213 317 Growers Market 319 QUOTATIONS Fruit Prices by Unit (bu) 4 50-- 5 00 Apple— Delicious June (luc) 2 00 McIntosh (lug) 175' WEDNESDAY’S 2 (crate )— HB Cantaloupes watermelon (lb) honeydewi (crate — 2 00 Peaches (bu) — Early Elbertas 130-27Hale Pears— Bartlett (bu )— 300-35- 0 Plums — (lull 1 Prunes— (lug) 1 Vegetables Prices by Unit Beans (lb) green string— 10c Cabbage (crate)— 2 00 Cauliflower (lb) US No 1— Melons 201 31 44 43ft' 77" 32 V US 80ft 87 19ft 761 No 25-- 1 5 2— 3c 23i-30- J Lament brick veneer house 1872 Crandall Cir 813090 R A Harrlimn brick residence '4380 380 Spruce Dr South) 1 toxoble investment 43ft-48f- ft 30ft-33f- A t medium AA A 70ft-7- TTUnHIU 70V4-7- Receipts: Eggs 13600 poultry butter 119000 308-00- 0 Cash Grain CHICAGO 9 (AP)-- No Sept oats or soybean gales Corn 128 No 1 yellow CCC 128V Ryt No 2 plump 1 40V Soybean Oil— 8 Barley— Malting choice 113-I20feed— S810SN wheat No 2 yellow POCATELLO RAM SALE 12th September 9:30 Saturday Suffolks am-Un- Stockyards ion 550 TOP - Hampshire! - ’ RAMS Suffolk-Hampshlr- es Panamas — Columbia! Reliable — Responsible — Dependable for th Industry Sponsor! Idaho Wool Growers Association Owners of Sheep! Vote "YES" p Provision the of the Wool Act to justify passing of legislation bnd prove we are willing to try to do something to help ourselves For 708 Self-Hel- A "YES" Voto 726 102 1184 1452 1800 Municiptl Pint Security Bldg Salt Like City Utah Phone EL mm AA t 4 Vi must yield LINCOLN URE & CO y Bund 27Vs-29f- A small 18ft-17nail 18ft-219 consumers AA large A large AA medium A medium 39-4AA small A small 27-3Poultry: Fryera 'at ranch) caponette fryers (at ranch) light type hens 7 8 hens cross 0 Butter: Prices to retailers (rad 50 $17 000 86SB tailen fob distributor plants ( dellv lft cents higher AA extra largt t A extra large t A A large 40 ft 43ft A large 36 B large 32 ft 34 ft A A medium 47ft-49f- BUILDING PERMITS Salt Lake City 31 38 30 192 103ft 20 140'-6- 1 120 890 ered Celery (crate)— 3 00 green celery hearts— 400 bleached 631130s - lft Corn (dozen) — 20 68 ft ft Cucumbers (lug)— 125-- 1 50 pick 24 ft lers per 100—1 25 30s - ft Egg Plant (crate) — 1 50 54 Vs Endive (crate)— 175-- 2 00 23 V - ft Garlic (lb)— 25c 61 55 ft Onions (60 lbs) yellow Spanish— 421 32 V 1 25-- 1 50 white Spanish— 200 pick-le- rs 211 19V (lb— 10c green (dozen bun)— 14' 39 ft 2' 26s chili— Peppers (lb) sweet — 40i 32ft 181 41V lft 00-- 2 — 2 504 Potatoes (cwt) Bill 121136ft - 3ft Gem 2 00-- 3 00 85 47ft ' Radishes (dozen bun)— Snuath (lug) summer— 1 00 Zucchini— 1 00 banana (lb)— 4c Hubbard (lb)— 4c Tomatoes (1 u g)— 1 00-- 1 40 (bu) 1 8 10 LOS ANGELES 8ept I (UPI) FSMNS )— Eggs: Prices candled to re 2c 50 800 Egg Market 25 100-- 1 Income In 03 11 UnltPrkC UtahCon Kearaarge 1000 at 4ftc North Standard 2000 at Progressiva Corp 250 at 13c 1000 at 5c 500 at Rovston Coal'n 1000 at 8c 1000 at 8c - Silver Shield 10000 at Iftc So Iron Blossom 1000 at lie South Standard 431 at 24c Tmtic Standard 100 at II 05 1100 at $1 05 Trans-Ulno1000 at 11c 3000 at lOftc 1000 at 11c U N Mex Gas 800 at 37c 100 at Fiord L York block garage 9281 Breeze Dr (8280 West) $2000 C J H Van Kompen frame reeL 44 71 33 denre 4020 Emigration Cenyon Rd 181 32 $4000 1 1 -46 Verlon Smart brick residence 3788 28 14 Parkview Dr (3015 East) $10000 10' 45V Inc brick residence Sax Home 181 31 2573 E 3900 South 815000 21 69 Galaxies Homes Ine three brick 35 38 residences $11000 each at II 30 S 3340 West $33000 136' 87s WstlngEJ Jack Furnace prefabricated bouse WhlrlpIC 131 32 East $3800 to be moved 11929-7028 58 Wolwrth Progressive Development Co three 14! 69V1 - 4 Wrthgtn brick residences 810000 eseh at U 10 Wyandot S 2365 East 930000 48 139 YgstnSt General Petroleum Co block addiZenith 351101V 4 ft tion to service station 2000 E 21st 1059 to date 577750135 South $2000 USStlpI USTob UnthnC hPAL Vsnsdim Walgren Walwrth WsrnrBr WstnArL 'WstnPsc WestnUn WstArBk 57 100 Trarta-U- Onions — Arrivals 3: track 39: moderate demand fair market about steady Track sales— Idaho-Orego- n yellow Spanish 210 Street sales— California yellow semi Idaho-Oregoglobe large 2 40-- 65 Colorado yellow Spanish 240-- 2 50: white Grano medium 2 10-- 15 midwest yellow medium 135-16- 98ftt - 17 5214 02 4 03 Vi 2c 3oMono under 03 ft 12 26 20 11 25 s 50 3 2' 50ftl- 4 85 23 01ft 02 'A SoStand SndnceO SwansCn TinticCn TinticLd TinticStd 85 260-- Ston&W 1836" II 87's 41 40 ft 23ft-2- S6J'£ 01 SIouxMb So IrnBls 2s ft SothCo SouthPa 74 SouthRy SprRnd StdBrds StdOCal StdOInd StdONJ StdOOh StaufCh SteriDrg 451126 ft 31 35 31 87j 42 65 8 39 outstanding opportunity s- dtall SilverSh horns '88 39: processed loaf 35ft-3- 7 6 4 Swiss grade A grade B 1 glade C Butter: Firm 712000 lbs 93 score 83ft 92 score 63 90 score Rift 89 score 60ft carlots: 90 scoie 62 ft 89 gcora 61 Vs Eggs: Steady 10600 cases White 36c WeHem Alloys 2000 at 4c and mixed large extras 37ft mediums West Toledo 2000 at 7c 25 standards 23 dirties 21 Vs checks Zuma 2000 at 3ftc 1000 at 3ftc 20 Potatoes (new)— Total US ships ments 425 arrivals 84 track 158 demand good market light Bonds mixed Track sales (100 lba US 1A un' Dow Jones Service less otherwise stated ) — Idaho-OregoRussets 4 25 bakers 4 60 WashingNEW YORK Sept 5— Closing Wisconsin round ton Russetg 380-40- 0 markets (bid and asked fracreds 2 10 tions and changes In 32nda: Street sales — Washington Russets Idaho-Orego- n 4 long white Bid Notes Asked Chg bakers 480-- 4 60 Russet bakers 5 I 2 26 Feb '63 9230 Wisconsin round reds 2 25-- 65 Minnesota-Nortearly gems 2 Bonds Dakota red Warbaa 250 pontlacs par-Ishab- lts Raply In SageOU SilvrKW ft: white rock fryera 18ft 19ft: Plymouth rocks 19 20ft Cheese: Single daisies ft long- W 09 52 20 RoystnCl 0 15 08 05 237 US Government SoCalEd 71406 711 50ft 10! 95 141 RCA over 4ft lbs Iba 12 RicoArg steadv and 2 1550 lb Asked Bid I ProgCorp PriprOil -- CHICAGO Sept 9 (UPI1— Produce Live poultry: No tone 84000 lba Individuel To equol o toxmexempt yield of Toxoble I I 4 4Vi 3'4 Applicants must bo fully In wholosalo food operaand rta!l oxporlncd tions with knowledge of merchandising in Ixcallant salary stock options and othor bonofit- Wednesday’s Quotations Calvei 25: largely nominal few medium itock eteer calvea Heady at yta Wstrn Canada has for Gnral Manager 97300000 1959 to date 91061936100 9100000 1959 to date 920141000 25 50 SL Produce On Wednesday’s Quotations rows 4ft 379381979 New York Bond Market end feeder heifers no fed cettle offered canner end cutter cows 13 50-1-5 18J5-100 load 00: few utility good and choice yearling feeder heifers around 610 lba 2500 few head 771 ouglsA 31ft 461 owChm 681 27 ressrln 1101 32talf ft NYC-S291 31 e 22 253ft - 4ft DuPont 201 35 ft 201 23 V - ft NiagMP ft DuqLt Eaei-Pc11! 91s NorfAW 6 52 ft 661 36 ft EastAlrL NAmAv lft fi! i?ft : Eastman 28! 49 NoPaclf ft 51 78 ft “atonMf 41 28 ft ft Northrop ft 101 47ft- ElAutoL 131 32ft NthwAIr lft hPsoNG 431 30ft ft OhloEd 3 60 ft 191 59 EmersnE ft OhloOll NEW YORK Sept 9 (API— Wool 161 40 37' 13ftl EmersnR ft OlnMath 94 tops and wool futures wars easy ErleRR 47 ft - 1 21 liit-t- ! 41 78 OtlsElev - ft Wednesday on light profit taking 28 EvansPd I Prices at Australian wool auction! 231 40 24! 92 ft - 2 Owenlll were well maintained with buying ToUl NY atock aalaa Wdnaaday 3030000 shartst general according to private edvlces Wool futures closed 2 of e cent to 1 0 cent lower Ort 1 33 0B Dec 135 8B March 1 375B May 137 SB May 137 7 July 136 0B Dec 135 SB TAX EXEMPT MUNICIPAL BONDS Certificated wool spot 1320N Egg by lnoic dn7tnl — (price Wool tops futuras closed 7 of 44 nndtum 47 A larg Grgda aa cent to 1 3 lower Oct 1730 Dec 96 B large 30 172 8B May 1720B May 1712B Dec mild long Chee— Mild loaf 41 bts n invistot betn bl to obtm os Not m lutnty 169 0B horn 41 mild triplets 41 Certiflceted spot wool tope 1716N bub yields ss ts present See whet on indmdnol Butter— 93 tcoro 72 92 score 70 90 score 68 would hove to receive in toxeble income Jmortgeieijior income now porote bonds stocks end sovinis) to e quel obtoinoble enttiDXNT ideal Agent 24 200i ft If MtCAS MirP&L y- 28 2 2 31 2' 19 do pf 41 46 V ft UnTank UnltAir 3U126 2 23 134ftl 1ft UnAirL 2i 33 - ft UnltBis 61 421' ft UnltCp MontWd I 79’sl-5- StudePk SunOil SunrMid 201 50ft SunsMn 91 66 I9 Sweets 21 33V ’ Swift 21 34 ft TennCP 51 30V TennG 61 28ft Texaco 101 69 ft TexGlS 131 Vs lift Texlnst 6' 90 ft TexUtll 211113ft Textron 7 231 26 ft V Thlokol ’ 81 30V v ThpRW 151 13ft TideWO 221 20 V 4 TimkRB vs ' Trnsam 231 41ft- 31 79ft - IV TrWAL 61 82ftl- - 1ft TrICont 51 41ft1- 4 TrauxTr 6' M's - ft 20thCnF MinM-- 57 4V - 2601 - 13 6 2i 52ftl- - 1ft 39 ft - ft JJIsslonC 52ft'- - ft Un”!it0 52 - IV Mon i -- 24 35ft 38 48ftl331 50 ft KelseyH Kenecot KernCty KerMGe KlmbC KresgeC KressCo Kroger Lehmn LOFGI LibMNL Lil&My LittonI Lockhed Loews LoewiT LoneSC Lorilard Lou&Ns LukensS MackTk MagmaC Magnvx MartinC Mclntvre MiamiC H MlnHny 3 -- 191 McKR 28' 13 8 3j's ft ft S' 123 56 27 KairA KanCSo GROCERY EXECUTIVE ALT LAKE CITY UTAH Call your Fllntkte FlaPAL FooaMch FordMtr AUifiChl CBS ColGas IDEAL NATIONAL INSURANCE COMPANY HOME OFFICE 401 Firestne FirstAm 1954 to date Salt Lake Stock Market 24 Sales in 100i Lastl Chg PacG&E PacT&T PAWAir PanEPL PaiaPic Pennev PennRR PepciCol PlpiDga Philco PhliMor PhlllpsP Pitts PG PlttsStl Sales In 100s Lastl Chg v4 31ft Lastl Chg CocaCol to — lOOal Colgate ColoF&I WILL BE derived from mining properties of affiliated Lance Corp and these funds will be used in establishing Sabre-Pinodividend policy he said Homestake-SapiPartners has uranium reserves of tons running 24 per cent U308 from which 31620000 pounds of uranium valued at $252966400 may be produced Bokum added J Produce Market Sales In Admiral AirRedu AllfgLS ACFInd AlliedC AlldLb AlliedSt r-- a ' 26 0 26 - - 7T Calves 78 vealeri slaughter calves steady choice veal scarce standard and good 29 2 00 utility down to 25 00 good to choice stock steer bond sales Wednesday 26 9 Total NY medium calves 3100-3- 3 50 00 choice light stock heifer calves Total Am bond sales Wednesday 3250-330- 0 of bulk supply good cotnmon end medium 29 Wednesday’s Quotations ChANW Corp should earn about 73j million dollars equal to $350 a share after taxes but before depletion and amortization during 1960 from Its Grant NM uranium holdings says Richard D Bokum II Santa Fe NM president Of that amount $5275000 will be derived from the partnership and must be used to pay off the Indebtedness of the partnership” he said in report to share— holders 91771666 130 e 16 siareii 26-3- 0 Ten Leading Stocks ChRI&P Chrysler CITFnC CtlServ CltyStri ClarkEq OIL Jlti ToSoOdO barrows and glits mixed No 1 2 and 3 180-23- 5 weights 14 50-1-5 00 mostly No 3 lbs 1400 6000 slaughter spring lambs Sheep opened Heady Instances 25 lower es on grades below choice feeder lambs steady with earlier decline 100 lb slaughter lambs 18 70 several lb Idaho loads good and choice 65-620 heaviest at feeder lamba 17 65-1and lota medium Inside price small 25 afternoon feeders 1700-1good most arrivals late bv trade delayed Unchanged loadJots still unsold at 4 pm 6 3 pm New highs 2520000 131 9 fAPI New lows Total 3030000 63767 155 32 LOS AN&fcIES Sept Cattle 500 sows moderClose Veluma Chr Law Chr (FSMNS)— High other about steady active 82 76 - 08 ately tnd 274900 644 74 631 43 637 67 -- 5 02 40 bonds classes about steady but not fully 153 81 155 32 - 87 10 high grade rails 80 01 87200 1 561 Rails established average choice to low 88 92 -- 41 10 2nd grade rails 6101 88 55 89 69 53100 Utils 5 lb show steers 28 00 82 56 -- 06 prime Comp 415200 21415 21009 211 94 -- 1 44 10 public utils SALES 151 07 slaughter cows 1700-1- 8 - 50 10 industrials utility rang Commodity futures index Bullion 9000 at 6ftc 50 waaty commercial 19 00 utility Bullion Monarch 1Q00 at 12c 500 canner and dalrybredt1400-170-160 shellv cannerg at Ilftc rutterg Central Std 1000 at 3c 5000 at 1000-1- 3 50: cutter to low utility bulla 308 at 2c 2200-230under 1000 lb cutters 2ftc Vol Close Chng Chief Con Pfd 300 at 87Vc 4s Inti Tel - V down to 18 00 114000 53 Amer Mtn 30400 31 Con War 609 at 16c Chief to test 15 Calves Studbkr-Pack-W- I i hardly enough 44700 774 Amer Tel 32100 10 Clayton 2000 at 17c low choice 375 35700 - 4 market few good to 3000-359 General Tire 29000 50 Combined Metali 10000 at 4ftc SaNJ 00 lb stock steer calves 32200 70 Genl Mtre Ford Mtr25800 54 Commnowealth 1000 at 9c IV 'Burlington 32200 22‘ Alden Inds 23400 23 Hogs 75 barrows and gilts moder Comstock 4000 at 6c Consolidated Eureka 3000 at 30c ately active Heady to 26 higher: U S 200-22- 0 1600-125 lb feds Crescent Eagle Oil 3000 at 3VsC grain Standard & Poor’s Closing 500 Stock Index lb 1500-1- 5 25 medium to No 1 190-21- 5 Dragon 1500 at 57ftc E Crown Point 1000 at Ifte combination lb feda NEW YORK Sept 9 (API— East Standard 7000 at 4ftc East Utah 1000 at 24c Eureka Lilly 1000 at 9c Eureka Standard 1000 at 29c Leonora 4000 at 16000 at Ches&O Sabre-Pino- 1959 per-shar- CessnaA ChVAir Looks Ahead Netlneome Co Buc-Eri- e ORE SALES from San Juan County mines 1 1958 through July 31 1959 were 16498 tons with an average grade of 275 per cent U308 Mr Maloit said in Interim report to shareholders "The WN Gonaway Saddle and Fry No 4 mines (in the White Canyon mining district) are developing additional ore reserves” he said A Share Trust Brns-Bl- "URANIUM for period Nov Net Income A Share x— Lose Robert ident of BoeAir Borden BorgWar n 260 v Idaho Bank & Trust Reports $4 Million Resource Gain Blw-Kn- SOME VA MILLIONS E m v s BaldLH Balt&O Bathlrn BellAirc Bell&Hw BndxAv Bencuet Best wall BethSt Home-stake-Sapi- dll m rdr o iv- w Am stock jtelM WednVadave 25: Utility 76 canner and cutter 14 00-1- 6 00 tome shelly down to 0 50 utility and commercial bulla 3000-330- 0 few cutseveral lots good ters 1125-10520-6Iba 26 quality stock atetri 3376-350- 0 some medium common and medium Holatelna 31 700-7feeder good quality )b ateera 2600-3- 6 50 other lots medium one lot good to and good 2300-356- 0 G Hemingway pres- stantially faster In accumula- choice feeder heifera 36 60 other lota common down medum 23 the Idaho Bank A tion of new deposits since 1934 to 31 50 few good young stock cowl ' AvcoCp Bab&W White Canyon Reports Profits Sabre-Pino- n 1 AmalSir AmAirl AmBsch AmBrPr AmCan AmCyan AmDist Am&FP AmMF AmMet AmMot The following bid and asked Quota-tion- s AmPtaC are obtained from the National AmSmlt Securities Dealeri Ascn quotation! AmStd committee They do not represent AmStFd actual transaction and are Intended AmT&T as a guide in the range within which AmTob these securites could have been sold AmVisc fas indicated in the "bid” column I AmZinc or bought i as in Indicated the Anacnda '‘asked’ column ArmStl ArmCo Wednesday’s Quotations AtlfRef AtlasCp - te- - - Pocatello Idaho than had other banks on the Wednesday reported the Insti- afyrage in Idaho tution added nearly four milHE ANNOUNCED that the lion dollars last year to total 37 cent 'i regular resources quarterly dividend paid Sept THE BANK of July 31 1959 4 by the institution was the had resources of $41151090 as 100th consecutive dividend deagainst $37346194 on like date clared by the bank since ora year ago ganization' in 1934 Mr Hemingway said in reIdaho Bank & Trust has ofA THIRD said that talks by port to shareholders that Idaho fices at Pocatello Burley the chartists of the market Bank & Trust had grown sub Blackfoot and Paul ” ' -"straining point" being at-a only reminded him that many New market favorites had had 20 to 30 per cent corrections and Dow-JonAverages might be buys "now or soon” Furnlahed by J A Hogle Se Co One— statistician remarked Member of the New York Stock Exchange Velum that four of the last five 11Haurly Intel Rails a m 1214 64318 159 24 510000 Number securities traded 244 Septembers had seen declines Noon 500000 842 40 155 93 Advances ' 155 57 1420000 769 83777 Declines in the market 181 2lpm 1820000 63405 X54 61 p m BUT IT IS AN INTERESTING COMMENT on statistics that at an average grind of 22000 tons daily the uranium THE MARKET was a little mills in the United States would take more than 4000 days to lower at the opening gained consume the 89 million ton mineable reserve of ore in the first hour and then This would require about 11 years dating from July 1 skidded until early In the fifth 1959 hour At that time the tape And it would mean mills would be running through 1970 ran late Prices had begun to THIS IN TURN IS FOUR YEARS PAST the Dec 31 1966 recover by the time the delay (termination date for procurement by the Atomic Energy Com- had been made up The rally which lasted until mission of domestically produced uranium concentrates! Obviously one reaches the conclusions that: 1 Someone the close accounted for about isn’t going to sell all his ore to the mills 2 Some mills aren’t a quarter of the loss earlier in the day going to sell all their concentrates to the government Incidentally it cost 149 million dollars to buy 8298 tons ALL MAIN gro’ups In the of uranium concentrates during the six months of 1959 Avermarket were lower age price: $899 a pound Gains where they appeared were mostly in fractions New Mexico Leads in Reserves Hike Chemicals had the heaviest The big increase in reserves during first half of 1959 was losses recorded by New Mexico which hiked its figure from 54900-00tons of 26 per cent U308 to 57 million tons of same grade ore Over the Counter 4’j on n VOLUME 3614000 Tons Milled in 6 Months ed IT WAS A DAY of marked-dowprices rather than selling pressures Volume rose only slightly indicating the public migjit be disturbed but not alarrtied One leadihg house advised Its customers to "try to get liquid on the rallies’ Another suggested that with a steel 'strlke settlement or a truce in the offing the next week or-- so might be a “real buying spot” - Sales in 100a Lett) Chg ft EquItyC 1371 3ft 401 EurakaC ft 341 VO 4ft FargoO 661 6ft FelmtP an 9ft FurtgSt 161 14 ft - M 316 FlyTig 31 37ft Gatlneu ft 3 HeclaM 6ft 671 - ft HoliyC 1ft 41 62 ft 4316 HumbO 71 35ft 4 ImpOll 3 15ft ft Kaiaerl 5k KnottH 3 21ft V Laarlnc 4 13ft V j Maaabll 4 34 ft 12 37ft Mlydm i MtSTT ooyiio I ft Sft - H - SALT York Stock Market THE SURVEY PROGRAM WAS EXTENDED in hardship cases to Oct 1 1959 so there may be some additions to reserves above the 8890000(Mton figure The Tribune was advised But this information probably won’t be available until after Jan 1 1960 l’s Utah home builders throughout the state particularly in Weber Davis Salt Lake and Utah counties will observe National Home Week Sept with a series of open houses said Hed H Johansen chalrmarj of the Utah event Wednesday More than 40 builders are planning ppeclal openings during the week They plan to show the latest building techniques products and designs In the home construction ‘ V lndustr Taft-Hartle- y 1958 is- - NEW YORK Sept 1 — In a thin and nervous market stocks on the New York Exchange Wednesday' lost $2 170000 000' in market value Wednesday's Quotations Sales In 100a Lastl Chg LAKE Auction! —Cattle 600 elaughtee attars and heiftra 15-par cant of supply cows about 40 par cant atockers and feeders tha ramainder fad tteera and heifcri grading good and choice fully 60 lower Holateln steers heifers and slaughter cows Heady stockeri and feeders fully steady bulla strong to 60 higher several lota good to choice fed ateera 36 60-3-6 50 standard and low good 3300-350- 0 utility and standard Holatalns 3000-330- 0 good to choice fed heifers 3600-363- 0 standard and low good 33 utility and standard 1060-3- 3 75 ln- NOITR 13-2- 0 New York Time Service By Robert W Bernick Tribune Business Editor ' The nation’s uranium reserves are rolling toward the 90 million ton mark despite record consumption of ore by mills Qommlssion reported Wednesday ’’’ f' Estimated reserves increased 6- '400000 tons in the first six months of this year to a record 88900000 tons of ore with average grade of 28 'j per cent U308 This compares with estimated re serves of 8214 million tons of ore "W averaging 27 per cent U308 on Jan American Stock Exchange Markets 4 Uranium Reserves Hit Record Level t 33 Livestock Stock Prices Utah Home Builders Plan Exhibits for ‘Home Week’ Open Low ' j Thunday September 10 1959 t‘ - Means Planned Progress An Endeavor to Stimulate Demand for our Wool and Lambs (Ballot mailed you by A S C of floe) IDAHO WOOL GROWERS ASSOCIATION — Mel Claar Secretary (FaM Folltlcal Adv) 1 7 |