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THE SALT LAKE TRIBUNE THURSDAY MORNING NOVEMBER Approach of Winter Finds Flowery Blooming METALS PASS ACTIVE WEEK Silver Features (By the Associated Press) NEW YORK Nov do 4Hi Pan An Airaan Pantepec Oil xParlcer Ruit-P- r IPennroad Pern man Elec Phlla Co new Market O & E 1957 E do 4 4s 60 F do 54s 52 C Pacific West Oil Pacific (Jl Hold war Pud Ut Hold xw do pfd Pub 1943 Relun NEW YORK Nov of moat of the major metala have advanced during the last week as a re- - Manage 54 reaction Appalach Gas The advance in lead zinc tin and antimony haa been less pronounced Copper sellers have prefeired to hold to the levels and 7 Ark Rat Gat do A do pfd As El Ind xAs O A S As O St E A do ar Atlas Util Atlas Util war 241 iv 1 II 24! 3 3 5 8 21 cf 60 until the outcome of the present conference Is known which should be this week The markets for many other commodities and stocks as Bn Ind Loan Rldse well have been nervous and errat- nine Blue Ridse evt ically upward during the week with Brae Tr & Lt pfd A the Increased military activities In Bull N E pfd Manchuria the dominant feature in But iBunk Hill AS the news of the world As Wire A Optimism as to the outcome of the Cab Cab As Wire B copper curtailment conference now Can Marc Wlrel Carnation In progress current excessively low Carman A prices and an Increasing belief that Carrier Corp the Industrial corner has been Ceco Mfj Cent Pub 8 A turned brought about an active cop- Cent 6t El per market during the last week Chain 8trs Dev Berv both here and abroad though de- Cities Cities pfd mand tapered off yesterday Close to Claude Serv Neon Lu 9000 tons was reported sold for the Clevo El XU Colon Oil week largely by the custom smelt- ColUm O As O vto ers in the open market at 7 cents Colum Plot Comwlth delivered in the east and 7 8 cents Comwlth AsEdlsSo war in the mlddlewest The large produc- Comstock Tun O As E Balt ing groups continue out of the gen- Cons Cons O Ut A eral market at 7 4 cents for east- Cont Chi Corp ern deliveries and the export price xCont ShRr Asevt pfd Roll Cont 8 Fr 2 7 cents clf continues at xCont SI ares pfd Cnrd Corp Demand VVfcll Distributed Demand has been pretty well dls tributed among all classes of consumers and they have had no difficulty in getting what they wanted Most of the sales have been for shipment well forward with February March and April deliveries In the lead Several hundred tons each have been booked for near by months and 4 4 23 & 21 "2 1 i it 62 Stand Silver Lead 44 44 a jSiuta Mot Am 50 50 4 S mray Oil 7 0 j? (Swift A Co 54 giJ Syrao W Mch B V 14 Tampa FI Technicolor 12 12 12 3 25 25‘ T 114 2 24 32 2 23V 44 1 T Tri Cont war Trt Utilities Tublze Ch B 24 32 lung V m U 12 10 3 3 3 MS 16 1 96 Safe Har Wat 44s 79 San Ant Pub Ber 5s B 4 1370 O 32 8 E P A L 0s 2025 A xw South Cal Ed 5s 51 South Cal Gas 64s 19r2 B t 95 954 104 92 86 65 58 80 60 57 11 102 84 101 101 ! 86 134! 13 86 Tex El Serv 5a 60 Tex P A L 6a 2023 A Thermoid 6a 34 Tri Util 6 79 96 4 44 47 204 204 44 47 964 96 72 86 72 4 84 644 91 314 90 904 334 89 5I102!i02 1102 4 4 4 Foote went ahunting with his ran it into shallow ground and was thrown into the icy water The ducks were frightened away by his A 53 ww Europ MU 7s 67 C First Bohemian Gla&s W ks 5s 1957 xw Oer Con Mun 6 47 Geffuerel 6s 53 xw Hamburg El 7s 35 do 54s 36 xw Medellin Col 7s 51 Mmdoxa Pr 7 4s 51 Parana Brasil 7r 58 Prussia El 6s 54 New Rto de Janrlro 64s Ruhr Gas 64s 53 Russian 64s 19 Russ 64a Ctf N 59 A O 19 8ar llaso Chile 7 49 Santtaeo Chile 7s 61 Stlnnes 7s 36 xw do 7s 46 xW 1047 Tornl Flee 64s 53 Tiets 7 4s 46 xw Unit El Ber 7s 56 xw xActual sales Total stock sales Wednesday 230 000 shares vear ago 731800 Total bond sales Wednesday 11 900 000 year ago 14 538 000 Buen Aires Prov 7s 52 904 Burmets A Wain fis 40 33 4 Cent Bk Cier 6s 5? A 89 do 6s 51 B 1014 Chile Mis Bk 6s 31 Coin Frlv Bk 54s 37 102 Cuban Tel 7 4s 41 A llilUlj TURNS DULL Mine Assessments ilt T A T Co Bonanza xLeht Tlntlc Magnolia Montana Btncham New Quine Union Asad Mines Provo xNot applicable has been paid Amt 94 10 lc !c 4c 2c 4o lc Csf Woolworth Ltd L OB A Oas eide believe that a curtailment t of previous maxi about mum operations Is necessary to right the present situation and to bring about a gradual reduction of stocks has been reduced to figures is Katanga whose curtailed production under the plan would be in the neighborhood of 4600 tons monthly The Katanga officials believe they are entitled to an output of about 1000 tons a month more than this Both Sides Stubborn an agreement being reached before In the views of the two in- - able to both sides Other committees are working on rangements and other lieved that these reports will be met with general acceptance though some believe that the difficulty over Katanga output is not so Important as other matters Recent world production has been about 121000 tons monthly Under present plans this would be cut to perhaps 80000 tons The large producers are trying to bring the figure even lower but will probably find that some of the smaller producers cannot make as large a curtailment as the bigger Interests are willing to make Costs with a further large curtailment In output would increase materially for many small which even now are companies making no money Zinc Prices Jumps In only one week during the last year have zinc sales exceeded the total for the week ending yesterday though some metal was sold by one producer to another However consuming demand was active with both the galvanizers and brass manufacturers well represented in general asked higher prices for forward shipments and as a good proportion of the demand was for delivery a range of prices existed on the business booked on most day" Tuesday and yesterday demand died down consldeiablv December sold at 3 25 cents but It might have been possible to get prompt a little cheaper and for January and February 3 30 cents and above was quoted In fact a little sold several days ago as high ns 3 40 rents for far forward shipment Weekly average 3 223 Th nilvcr market wm excited and rontlnued Ha upward couree touch- lng a new high In New York of 37 M"cntnetfn ' Mich'an o At 151 21 o 'pf JmTrpow' Mo Kan P L xMohaak Hud 1st pf Mount Prod Nat Nat Nat Nat xhit Am Co Bond Rh pfd Pam Bus PALI pet P Bar b Rub Mach Nat fiervire Nat 8 T Sec A xNewbrrry J J pfd xNew Eng Pow pfd N J Zinc Newmont Min Nlaj Hud Pow do A war Niag Hud B war N'ag Shares Md Nile Bern P Mines Nlplwln Nitrate A 3! 11 31 3 2 204 32! Nt Nut 501 K 19 ni4 93 19 2’ 94 241 2 loo ion 3 Detroit C Oa 6 47 Duquesne O&i 6s 45 East UtU Inv 6 54 3 1 26 M 154! IS 814! 814 324 32 4 4 4 14 1 30 194 9 1 3 44! 12 1I 4‘ 11( 141 66 86 1' 4 A 2 103 3 103 8 I1W 6 A 71 38 101 39 101 60 80 71! 50 71 51 h Fed ater 54 54 Tlrestowc Cot M 6s 1946 Florida P A L 84 1 3 5a 54 Gary E A O 6s 34 A Gatineau Pow 5 66 Oatlnrau Pow 6s 4i an Bronx 6a 40 JPub 8vc 5s 53 b Util 64 50 Gea Crn Pub mil 0s 31 Wat Wk 5 43 A On Geo Pow 5 07 C 4 11 1 4 41 4i 72 89 95 86 39 5101 Suppose the state highway were lined on both sides with homes set on lots all the way from Salt Lake 33 97 73 89 41 60-fo- ot 95 86 City south to Spanish Fork and north to Brigham City! A double row of homes 115 miles long! V 3 89 68 30 19 84 1 34 33 27 974 17! 71 2 894 8 96 1' 66 Fd Elec III 5s 33 El Paso Nat Gas 64a 43 ww E1fo Pow A Let 5a 814 2030 32 4 Empire O A R 5 o 42 4 15 1 3 89 68 30 18 3 89 war Ohio Oil pfd xOveraea 8e j 2l 2' liv 2V 5 Fuel O Nor Am Av 19 U 14' 20 94 7i 200 loo Cons Gas Util 6s 43 A Consum Pow 4 4s 58 ) Cont Gas A El 6i 56 A Cont Oil 5 4 37 Crane Co 5s 40 37 Cudahy P 6 Cilllrtt 86 5 A 04 14 Oobel Gulf Oil P Oulf 40 A 5i 47 OH Pa ft 37 8l Ut 5a 56 A 3ft tlnued firm up to the close A fea- Gulf ture In the recent buying hai been Hood Rubber 7 30 Oulf Oas a 41 A the Increased call for lead for lata Homt Houston Lt A Pow 44a delivery indicating that at least E m some buyers are slowly abandoning Houxt Lt A P 5a A 53 the policy of restricting purchases Hudson Bay 6 35 to immediate needs only Ill Pow A Lt 5 50 C 5 4 57 The advance in Ixmdon prices m doPow A Lt 6a 63 A which took place early in the week Ind A Mich 5 55 Ind Elec Ai 58 A Hydro attracted wide interest here One reP A L 5 1957 A port from abroad stated that Russia Indianapolis Ulll inv 6a 40 B bought a fair tonnage of lead Those Tnnull Intercom Pow 6s 46 speculatively inclined were disposed xw to place a bullish Interpretation on Intercom Pow 6 48 A WW events in Manchuria The advance Inter Pow 7a 57 F abroad however had more than a Interl Pow Be Bee 0 u 541 n little to do with the increased buy- Tnter fiee Am Ss 47 ing of lead in the domestic market Inter Pow 6s ft2 57 The October lead ntatistlca are not ‘nlerstnle pow Iu Nb V A p s 51 expected to reflect any Important! 7 Gen p L 8 change Shipments during the month Jere will probahly show a reduction from " the September basis but production p 2 l ss 57 r S “‘9WV also declined Lend already sold for November shipment totals about 21000 tons The tonnage bonked bo far for December shlpmente to consumers !h said to be In excese of 11000 tons modules sold in good volume durlngj 'pim purchases for December are re- wan week and the price the last yarded as enrouraglng'M raleed on two occasions Monday indicting particularly iVs?tl S‘ 4 that consumers have In-and American the Smelting Refining creased confidence in the general' company raised Its contract prlcei business situation from 3 95 cents to 3 95 cents St Isiulsl 1 alr n Tln market also moved up 10 points to Imnnd for tin wns fnlrly active 3 7T cr nt On th following 1av th the wtf k with the buying New York quotation wm ruined a to volume over rtber 10 point esHhllshlng the wpl1 distributed fi e month! The pectru-rve- r frlcoat 4 OS pent In Ft Ixml how the next Advan in silver wns laigely the price wm advanced 5 81 V 71 7i 51 1 11 8 48 48 5 80 914 77 91 78 69 ®5 69 42 74 41 44 38 95 83 75 97 98 91 72 97 96 91 5’ 53 56 53 56 5! 90 3 100 6 61 100 5! 34 2’ 5t e 4 13 5 11 3 9 6 1 1 91 76 69 43 744 4ft 45 40 h 42 74 45 44 39 95 68 73 97 98 91 53 v lro-duce- rs first-quart- I er ft 4 1 the tael Offerings IG'etrb bxl Producers aain rentrWIed - ' rent Intake Seles fnr the cedrd flVk) tons a total offer- week - px- - ell centa per pound New York prompt shipment On the following day the even higher hut nuhe price quent vveaknen In other market rmrm that Malaga ar f Is to llimiv acquit III 01 4 7 5 1 07 75 97 99 81 99 59 1 89 90 100 59 69 4 86 75 97 99 61 66 75 97 u 99 58 7 141 89 3I 95 94 54l 02ft4l 78l 874 02 ”9 2: 87 3 4 10 100 s 8ft 1 86 6 101 6 95 100 4 62 78 87 ilOO 8ft ' 100 Do You Krwic: 99 85 6n 100 9ft( 95 90 94 90 94 Salt Lake Is a city of homes There is a home here for every 5J persons— as compared with San Francisco's one home for every 10 persons If a Walker Bank & Trust Company customer lived in each home it would require such a street to hold enough homes to accommodate them all — more than 20000 customers more than 20000 homes j Visualizing that street of homes you gain a new realization of this bank’s importance to the domestic and business welfare of this state We welcome the opportunity to serve you m-- Member Federal Reserve System lAMItnm lie cxrcss the weekly nvciaye inqulty obive))nfn ftom' rnnsumet a was pood even at the (Cojytlghl 1931 Englneeilng and Higher levels and the undei tune Mining Joui nal) T'vX'S ¥? i 80 groups were mixed In the mining issues Bunker Hill gained a point but Newmont sagged The day's turnover was 230000 shares about 40000 less than yester curb day’s NEW YORK Nov 11 (AT-T-he market slid slowljC'downgrade in a quiet session today but trading was Hay Stack Yields Wares enlivened for a time by a flurry in Stolen From Rigby Home Goldman-Sach- s trading This investment trust issue which during performed so spectacularly IDAHO Idaho- -G FALLS O the 1929 boom and is now but shadow of its former self pushed up Moore of Rigby identified Wednes1 evipoints to a price of 4 day several household articles indently in response to a rumor that lt was to be merged with Atlas Utilities cluding rugs a vacuum cleaner and a which has recently absorbed several silver tray recently found In a hay other trusts but this rumor was of- stack in Ucon by Bonneville county ficially denied There has been much authorities as having been stolen from merger gossip in investment trust cir- his home cles in recent months and Goldman-Sach- s has been frequently mentioned utilities and oils were genLeading ’ erally under pressure Otis may have been influenced by the weekly petroleum statistics showing a substantial gain in gasoline storage despite recent firming of prices Industrials and specialties were mostly dull and price trends in these cations are that a considerable part of this buying Is of a speculative nature and not to cover actual orders for fabricated copper which have improved but little Reports of the progress of the copper conference that have been appearing In the dally press are for the most part well authenticated Briefly the situation Is this: Representa- - ference n-- II assessment Wit-Lo- 10 9 Sal ye do pfd 1 10 Lt A Pow A ‘4 34 Un Milk Prod Unit 34 3 U 8 & Iut Sec 34 3' U S Si I Bee pfd 4 8 U S Dairy Pr B 7 ‘4 U 8 Elec Pow 50 57 68 xU 8 Play Cd 3 2 2 Stores vtc Unit 34 344 344 Unit Verde 1 1 1 Equities Utility 1 2 14 6‘ 84 do Pfd Sc Lt '149 4: 149 4 Util Pow 411 41 Veneruel Pet 431 916' 6 Vick Finan 7oHi 75 754 341 3 34 Walgreen 3A 34 S4 Walker Min 11 11 11 xWest Mass 91 ir Del Pate Data 11-- 1- -8 Hanover 8t 04s 49 Hanover City 7s 39 It 8up Pow 6s 63 A xw Manafeld M A 8 7s 41 Del 0s 44 Pa 5s 2030 Tex Util 5a 57 A P A L 5s 56 E FORF1GN Sales In 86 72 4 Agrl Mtg Bk 7a 46 Boots Mtg Bk 7s 47 84 new 84 Buen Aires Prov 74s 904 91 ' 92 86 85 56 80 60 98 Errole Mar El 64s Waldorf Ast 7a 54 Wash Wat Pwr 5s 60 West West West Wise 102 4 TDAffl? 1 Flurry of Goldman-Sacli- s Motorboat Hunting Trip Comes to Grief Trading Proves Sole (UP)-D- on LOVELAND Colo Feature of Day motor-bogasps 11044 104 96 77 90 90 conv do 6c 51 do 6s 66 Stand Inv 54s 39 Standard P A L 65 404 Stand Tel 54s 43 Swift A Co 5s 40 91 Swift A Co 5s 44 84 77 A S'and O A K 6s 35 Stand G A E 6s 35 59 IPTIDD LONGMONT Colo (UP)— Late vegetation tale No 934: Lilacs were found blooming on the farm of 91 91 91 884 884 884 Charles Swanson despite the approach of winter while in the flower C bed of Mrs A Neff shy little violets took a peep at Sol Union Gulf Corp &s 60 Un Lt A P 64s 74 4 58V 564 Un Lt A P 6s 75 do 54s 59 1103 102 103 Un Lt A Ry 54s 52 91 9141 91 do a 63 A 91 91 91 U 8 Rub 64s 38 do 6 4s 40 91 914 91 87 b7 87 Van Bweringen 6 35 77 77 77 Vlrg Pub Ser 6a 46 do 5a 50 B 104 3 68 4 3i 45 ll 47 V 204 Snider Pack 6s Sol Lamp Union Gas Canada Founders 14 i‘£ Unit Gas IS 18b United do war 12 12 1 59 1918 Realty Traniscont Air Trans Lux 254 A 59 Rep Oas 6a 45 A Roch Cent Pow 5s 53 St L Oa& A Coke 6s 47 Scrtpps 54s 43 Shawlug WAP 44s 66 B do 4 4 s 70 D do 5s 70 C Shewing W A P 6s Tl&hman 3 2 24 33 ’ Jt do 5s 50 C Pu So P & 1 44s 50 D --Q Queens Boro Oas 54s V 104 844 1944 1957 95 95 9541 954 86 1949 i Oil Ky Oil Ohio S 3 6 41 - 1947 i 104 3 101 LAC 7 A 4 4 91 Pub Ser N III 44s 81 F Pub Ser Okla 6s 57 D Puxet 8d P A L 54s do pfd 6 3 6s do 6s 44 xp 93 4 934 Souwest Q Sc E 5s 67 A 9941 994 Southwest Lt A P 5s 404 54s Prouer A Gam 44s Seemban Bros So Nat Gas Span A Gen Mot V! ‘Stand jc'St Oil Ind IS 1 0S 19"9 Lock 9 II 99 7 Phil Elec Pow 64 Piedmont El 04s 00 Selected Indus do pr pfd Shenandoah particularly true of silver which has I 91 Peoples Oas 4s 1981 B Peoples Lt it P 6s Prod r A tlOO 1004(100 ?! Penn Ob Pow Si Lt St Regia Ftp ISalt-C- 6 44l B 1959 Rep uaa Rich Oil pfd 11-P- rlces 1 Penn Dk & Wara 6s 1949 iw Penn Oh Ed 6 M xw Penn Ohio Ed 54a Reiter Foal 934 do 5 37 do 44s 01 994’ 994! 994 Southern Nat Gas 9341 1 Ohio Edison 5s 60 Ohio Pow &s 52 B Oklahoma G St Z 6s lesor Oswego Rlv Pow 6s 31 Pilot Radio A Pi til JUtuPlltJ Plymouth O Premier Gold Pruden Jnv Although Zinc Lead Also Co Up ’ 21 12 1931 "j |