Show THE SALT LAKE TRIBUNE FRIDAY MORNING 16 WRITER POINTS OUT HOARDING FALLACY MINE TRADE the Associated Press SHOWS GAIN complete'Byofficial March Following list NEW YORK transaction change: BABSON PARK Fla March 10— This letter is to the hoarders of gold and currency I want to ask them one question "Did anybody ever gain by such hoarding"? Not to my knowledge SHARE PRICES EASE TURNOVER SLACKENS Is the of Thursdays stock on the Newv York slock ex- - company) 20 50 Ind Rails 668 356 675 360 669 356 574 315 1351 997 2143 1354 1127 1103 689 398 574 303 - Thursday Prev day Week ago Month ago Year ago 3 yrs ago 5 yrs aso High 1932 Low 1932 High 1931 140 2 Low 1931 600 High 1930 202 4 Low 1930 112 9 Net Slsllllghf Low ICIose' Chg PliF 2' Abtlinl do pfd Adam Express xao pia 3'j- - 2 Mi 8 '4 Addressograph Affiliated Prod Air Keduction 51a 07 12 15 5 67 12 81 15i 1514 01 59' Air Way Eleo Ap 12 2 2 Volume of trading in both value Alaska Juneau and coverage of issues took a decided Allegheny do ptd xw lump Thursday on the Salt Lake do pfd 130 wwi do pfd 40 ww stock exchange with resultant showAllied Chem As D ing of strength in isolated cases but A Is Chal till in the main the price trend was Amerada Am Bank Note steady Am Can East Tintic Consolidated was steady do ptd at 20 cents as was Sacramento at 3 Am Car & Fdy pfd cents and Chief Consolidated at 30 AmxaoColortype Am Com Alcohol! cents Tintic Standard was active princi Amdo & For Pow! pic pally at $230 although 25 shares do 7 ptd do 2d pfd sold for $235 Tintic Lead set a new Am Hawaiian BS high for the current year by moving Ain Hide A L up to $1 and then settling at its re AmPfd Prod cent figure of 99 cents New Quincy Am Home Tec Am Internet mproved a quarter of a cent to 1 Loco pfd cents Walker lost a point to 52 Am Am Mch Ac f'dy cents Am Mch At Metail JJ IS '4 14-- 2V 2' 4 4S 4 'a 4 83 101 14 14 161 18 70 1 70 126 'v 128 8 8 38Mi 5 a 9 6 1614 16 20 25 5 13 7 Third Ave Thompson Prod Thoinpson-Bta- r fide Wat As 90 Util Total 1086 694 1094 700 1073 692 1 3 28 do pfd Tide Wat Oil do pfd Tlmk Roll B Transamer ca Transue ft Will 922 595 1982 1407 12! !2r25 25 5 51- 13 13 64 8!1 S 1 2 SI- 3 27 27 13 Texg CorpBui STOCK AVERAGES Tex Oulf (Copyright 1932 Standard Statistics Tex Pac LTr ' 10— STOCKS ISales in hundreds ) Trading Values Incrcagc With Tintic Lead at New High for Year addressed BABSON V 1932 11 NEW YORK STOCK QUOTATIONS Expert Says Putting Money Away Foolish Time for Saving: Credits By ROGER MARCH a 38 8 38 20 4 4 2 Corp 2126 2010 1054 1093 Underwood-E- 713 922 595 1062 2039 1443 4l- 4 33 13 84 18 1 1 As- 34SI 1SSI 13 84 18 15SI38 02 13 - eased slowly and tor (AP)-Sto- cks turnover a reduced today consequentially in Share transactions had a highly professional appearance Unable to move leaders more than fractionally bullish operators switched to a few special issues but were not aggressively NEW YORK March 10 M a Unit Aircraft Unit Blsc 308 928 613 1416 2813 2058 864 1465 1147 -1 It 2 21 34 13 83 19 15 28 103 13 Transactions Show Highly Professional pect leaders Move Fractionally 20'il ll Union Bag ft P Union Carbide Union Oil Cal Union Pao Uu Tank Car 1110 8 38 4 1 1 - - interested even In those 27 41a AU important wealth has been ac4i 103 4 xdo pfd 4 Markets Glance at a A slight sag appeared after noon 13 84 i Unit Carbon quired £y getting holding and later dis1 11 - 4 Unit Cigar ioh following publication of a rather 9 9 14M United Corp selling credit Let me explain The NEW YORK t 4 - Vs ton-Steer 38 States 38 38 United do pfd 'J WW appointing Stocks easy market leaders reason people are hoarding money is 101 68 4 1 88 68 4 4 4T4I Un Elco Coal pfd J - l'i xHunng maae a 29 29 l'4 29 Hnycs Body 3 128 Unit Fruit nage statement The market it jluggish because they mistakenly think that 129 4 3 129 40 130 xHelme 21 21 4 21 pfd Ok Im 8 Unit li Bonds steady U S governthen and U 3 dipped 80 60 60 recovery Choo 5k 2 93 94 do 94 partial it was "money" that they lost in the 88 Hershey 38! pid - 1 10 li 10 10 ments Irregular Holland F 3 3 3 ft For Sec t 181 10 again closing with ari average frac " UU 88 Ind 10J 9 Al Hollander 14 39 SI 29 29 collapse and hence Uiey will hold on Curb irregular utilities easy 126 4 11a U 8 Leather 25 8 126 Homestake M 3 3 to all the hard cash they get They tional loss Sales totaled l04(au 3 1 3 3 r B Foreign exchange irregular 7 7 7 do A 16' ' fail to understand that what made 33 8 23 "J Oil 14 20ill 14 8 2'4 U reacts Houston 14 'a History of the development of the shares 20 Pipe 19'j iterllng 11 11 ' Howe Sound 11 s most striking news cams do 1st pfd 15 15 11'4!4 15 10' ihem prosperous before the crash was The at Garland anticline Garland day Wyo Cotton quiet higher cables ' 6 6 U 8 Real ft Im Hudson Mot 814 8 814 SV 8 6'i- not "money" but credit Many who described as one of the largest oil after the markets were closed and 3 3 3 U 8 Rubber N 5 4 4 Sugar easier Cuban selling Hupp Motor federal 11 11 ' have suffered losses during the past U 8 Smelt ft R 18 19 19 IIS pools in the west was told the Salt was provided by the weekly Coffee dull steady Brazi14 14 15 Illinois Cent 61 M 60 'a 50 49 '4 48 U 8 Steel 48 statistics Currency cirtwo years are wondering who has bank reserve Dr Lake stock -by Thursday 21 lian market exchange do 20' nfd 104 104 4 13!I04 2fH 20 do in the their "money" and what has really 1 127 Indian Refill 10 127 t Va xU 8 ptd 127 Tob pfd 7i IS K2 Frederick J Pack geologist of the culation dropped $39000000 ClIICAGO 36 35 361 43 43 Indust Kay 2 than seasonal de2 2 a week The fact is that we have 435 United bt A told of of He the Utah happened larger past University Kan36 36 38 Wheat steady bullish d 20 V 30 M 30' 48 do pfd 48 48 not had much of any "money" for cline and one which was immediate7 7 7" organization of the Itisuransh Del 3Vj 3' xUnlv Pict 1st sas state report firm cables 1314 13 17 17 in 1908 of ly associated with the antihoarding Interb Rap Tr 49 45 45 Consolidated many years but rather we have Oil xAm Metal 6 pfd company pld Corn steady further export 115 114SI115 Int Bus Mach 8 6 Althouch some of the Util P ft Lt A Am Pow As Lt had only credit 1' 4315'4 4413 the discovery of natural gas and the V 17 17 44 Int Cement sales bullish weather fore-:ns- t do 15 ptd funds would normally Whether we got our "money" in IV 7 1'J 7 IV ultimate discovery of oil by the Ohio month-en7 Comb E Int 17 17 Vanadium Am Rad Bt San 16l 34 33'' 23 2 Mi V C Ch 7 pet Ilit Harvest the form of a salary check for a Am Republics 2'i 112 V have returned to the banks during Oil company 1 100 v 101 do pfd 3101 Cattle Irregular l 23 i 23 23 tils Am Roll Mill pr pfd month's hard work or as a broker's S Joseph mining man and thio inWuni ih larire droo bankers 3 11 11 11 27 27 A Harry Hydro-27 ' Int 27 xVulcan 26 26 Am Safety Raior' Detln Hogs strong 151 - 4 17 check for securities sold we received 18 15 18 said undoubtedly reflected marked Int Match pt pfd r member of the mayor's make-wor17' Am Smelt it Ret W— 69 8 8 68 8' 3 09 Int Nick Can do pfd 2 2 Wabash Ry committee announced Thursday he progress toward the reemployment oi only a check This was not real prop7 6 100 3 8 ioo ioo Int Ink Print pfd xAm Bnuff 4 4 4 do pfd A 33 - V4 Waldorf 33 has telegraphed Congressman Don B funds 23 erty but only credit To the extent Am Solv Ac Ch Int Rait 16 18S 16 ' 87 - 1 Walworth8yg 37 38 LISTED STOCKS Int Bhoe that we have turned this credit into on that Saturday at closing time Brokers' loans did the unexpected Am Solv Ac C Pfd 1 1 Colton a request to make inclusion 11 35 21 24 2 24 35 35 '4 Silver Int Asked Am Btore Bid 2 2 2 useful food clothing shelter educa- There of course was only $3000 but Ward Bak B of the mining Industry in the Recon- by rising $57000000 the largest gain 2S 25 10 10 10 Tel ft Tel 25 Int Am Sugar Bef 3 3 3 Plct Warner Alia Con 00' Ol'i Am Tel Ae Tel -- 1 tion etc we received real property it counted as $20000 due to the vol6 7 215 133' 131S 13214 5" struction Finance corporation Dept 6t pro- since Marcn iadi in canning tntica 5 614 5 5 Interst Brog 00 Vj 01'A Am Tobacco B Mercer 67 87 tn 88 40 - 3 Warren 40 V 40 active xdo pfd ww but not otherwise For what we left ume of business So long as this vol Alt 12 12 12 Warren Fd ft P 05 01V -- 1 Alt gram the subject for immediate leg- this was attributed more to to bor-32 Michigan 43 2 401! 321t 31 xdo pfd xw Wks Am Water 40i xW El 7 Penn 01 in the bank we received only credit ume kept up then deposits were high Alt Tunurl than bonds of accumulation 71 S 71 action 1 2 islative Invest 1st do 71V old Equity 101 74 74 74 pet pfd 10 01 414 414 41 Exploration 1( for what we Invested in securities and loans could freely be made Am fnr Ktnrk accounts although Am Woolen 61 81 xdo 6 pet pfdl 501 61 oo1 Am Metal Min Co 19 V 30 28 Va 39 'a 39 :"U 15? do pfd 19' we received only credit for what we When however xdo 6 pet nfd! 12o! 97 97 VI demands for credit from professional 65 the volume de Annie Laurl At L 8 pfd 77 77 Railroad xJoues Am Zinc L & 8 1 S 3 3 4 Pennsylvania West Dairy B 01 -- 1 20 loaned we received only credit We creased deposits declined also If Beaver Cop 20 30 Pld operators in equities have probably 4 4 4J 12 West Pao Pfd 08 Mill 10 '4 8 ' 179 8 'V Katifmsnn Dept however always must choose be- the checks in the above illustration UlBingham Asks Government Loan expanded with the firmer market 44 44 West Un Tel 26 45 01' Anaconda 01 V 17 Metal 17 3 2 3 Cap 15 15 15 3 Air tween taking our salary or profits in were $2500 each instead of $5000 each Black Metal or Anchor Westing)! 74 74 There was no element oi surpriw 20 22 30 74 xdo 8s pfd xdo old 30 West El ft Mfg 194 30's 29 00 Mi 3 l Mining KeUey-HaWh 10 OT— The in the Bank of England's rate reduc 3's real goods or gold and paying taxes then the total deposits would have Bonanisa Armour of 111 A March WASHINGTON 11 2 11 111 00 00 V westvaco Bullion 1 1 Chi 9 9 Kelvlnator do B 11 thereon or taking same in different been only $10000 instead of $20000 Bristol Bilver 13 ap 4 White Motor 03 08 13 10 10 10 Pennsylvania railroad today applied tion to 4 per cent Great Britain disWi Kennecott do pfd 1 27 27 2 28 01 Wh Rk M 8p 02 61 6 forms of credit and getting interest Or if only two men were involved Cardiff 61k 10 cor- parently believes there would be 10'V 10 Finance to Reconstruction the Asso Dry Goods pfd xKlnney 4 4 8141 4 01 & wiicox 63 83 '4 Talisman 0 a 84 16 IB Atch T At S r We cannot "have our cake instead of four the deposit would Cedar 16' Kresge 8 8 thereon 181 3 2 00 poration and the interstate commerce advantages in further piling up of OO'l Willy Over Central tuandard t 6! 6 6 do nfd 814 BISM 5J Kreug ft Toll 1 11 9 and eat it too" The hoarder prefers likewise have been cut 33 Wilson ft Co 39 29 commission for a $55000000 loan to foreign funds at London on the the 5 With Chief Coo 17 17 17 j't Line Cst Atlantic Qroo Kroger 131 4 4 41 03 13 Wilson A 12 Con 12'X to take only goods or gold I much such decreases in the volume of busi- Colorado Atlantic Rei finance electrification of the line be- ory that since such balances wouia 29 1 29 9 31 1 Columbiis-ftexa00 21 do pfd 21 21 63 63 54 Alias Power Lamber t 101 44 43 tween New York and Washington and be subject to sudden withdrawal 43" Wooi worth 04 73 03 prefer to take credit and get interest ness there is a decrease in deposits Combined Metals 73 45 45 48 Lerman ado pfd Corp v 19 3 19 '4 03 Mi Worth P ft M 0) 59 60 80 although running Die risk of a profit and banks are obliged to force custo Crescent Kagifl for terminal improvements in Balti- their presence might be embarrassing Atlas Stores Ugg ft My B 10 61 M 61 98 01 2'k so Urolf ' 0014 5S 624 Lima Loco or a loss Auburn Auto ir 2010 2010 - a1 WrigleyJr more Philadelphia and Newark N J Sterling reacted sharply mers to pay their loans which in turn Crown Point 3 02 '4 01 2 2 3 31 Carb Llould Aviation — Corp 14 IS 12 Ml 04 Young 8h ft T The road said its budget for these 32 31s - Credit Flees Frsrn Pessimism reduces the volume of business still ni Butte Loew'g 4 01 64 05 6H 7 3 Draton Loco of Baldwin Loft a total called activities for conoutlay and credits while 3l 01 Zenith Radio a bold and further 21M 31 10 21 Knit Antelope prices CfPdit can 34 34 xdo pfd Big 8 11 9 $68000000 of which it would furnish Zonite Prod 01 crown Point 38 18 18Vj 18 301113 112 112 xdo 1st pfd Bait ft Ohio powiiui builder or prosperity or a tinue to shrink further 39 00 Mi 3 Bast Standard 28 29 16 $13000000 It allotted $47000000 for WASHINOTON 15 16 4 I do P Lorlllard pfd timid shrinking and fearful depres March 10 (API— The 6 Next Change Upward 8 2 1048750: Rant Tintic Coal 10 sales Total t previous Thursday 03 93 93 do pfd al55 M 20 55 dally average volume of federal reserve week auo 1720220: year ago the electrification work which has Hast Tlntio Con 20" Damnum! day 1331240 sant of business It la tremendously 1st pfd 1HI- 1 Oil lB'j Louisiana xBayuk What does all the above mean as East SUM the 38 can Bank credit outstanaing auring me Unless 16i 381 loan been 03 Mi Heat rice Cream 3853580 two 2489792 Utah ago ready years begun 23 January 23 23 Loulsv Nash ft affected by the attitude of people 13H 13 02 to the present situation? Be- rimera d 14 to date 78547251: year aso 135605101 be obtained the line said the work ended March 9 as reported by the federal Bendtx Avia xd 18II 23 was Kor instance take bank deposits applied $1728000000 unreserve banks 00 01M Best A? Co ti 23 M 33 14 Silver two years aso 163553119 141 17 17 18 Meek Trucks fore answering this question I must Foime must b suspended 21H 21 - Vs 03 Ml Bethlehem Bieci Km nl re Mines 40 22 02 changed from the preceding week and an 56 When people are optimistic demand ask another H 35!- IS X— Actual sales R Mary ' 69 viz: "What caused the Equity OH ncrease 59 5 of $784000000 59 01 compared wuu me 1 dn pfd Manhat Ry mod increases and prices rise When change in 1929 in 65 V"'-- " — 65 18 16 corresponding week in 1931 Bullion 19 19 30 xBlumenthal pfd 20 6i ittrt quotations and Eureka reserve 0 pan creou On total 18 March 07 08 Eureka are Lilly 11 banks 11 11 4 Holm Alum Marine Midland prices slowly rising freely in the volume of business and Kureka Mines 38' 42 amounted to $1698000000 a decrease of 01 03 1 Borden loan As banks increase their loans prices decreaso week 12 This '4 Marmon Motor the sainnonoo for 7 12 01 in the speed of circulation?" The Gold Chain 7 7 4 Warner Bnrg Field - H Marshal! 10 vs 10 13 10 05 then bank deposits increase corre- answer to this second question Is that Gold Blandard corresponds with decreases of $39000000 RMBaa Vlfg 20 20 Mathlesnn Alk 9 0 '4 In money In circulation and $3000000 in 9 s 01 Tran! '!6i' Great western 181 18 18 Stores! Q This ft Bklyn in turn Dept enables Mny spondingly in 1929 all these factors became over Howell 34 49 S 48 H 49 00 unexpended capital funds nonmember de6 6 Bklyn Man Tran Maytag pld WW more buying with consequently high done Prices - 1 74 73 13 14 74 01 7 posits etc and an Increase of $12000000In 7 Indian Queen do Pia McOraw Hill went too high business Iron NORTH SALT LAKE March 10 (USDA)— lm classes absent: car medhfm 88 in monetary gold stock It was offset 11 8 88 "a 88 07 Mi er prices U Oa Hence both loans and volume became too Kins 66 56 56 Xd Bklyn T 35 16 steers arouinl McKeesport Utah 1527 lncludlm 30 lor margood Hons— and money Kennebec Receipts large (H) 02 by an Increase of $16000000 in treas44 part Erie 3 4:t McKess ft ROD ii 14k Bucyru steers Quoted to 1675: package common ury currency ket 359 direct 155 to Los Angeles packer deposits Increase rapidly based at circulation too fast Considering the Kentucky Utah 11 adjusted OlMi 00 Vs 11 'i 11 11 cvt ptd do do alow pfd stook steers she 8400 good 301 to Lo Angeles market and 683 to Ban 3 nf discounted bills declined 125- Hnldlna most wholly on credit with little 31 21 08 3 3 3l-1Burld McLellan Keystone 4 Btoreg Mff mental and spiritual char Leonora 2" Meet Mach Francisco packer 12 101 12 13 fully 10 cent higher cows quoted to 3450 few common to me 000000 at the federal reserve bank of New 01 xoo pia 14 14 dium change In the true wealth or funda physical 'cows on 250it dairy 3 '4 1460 than Wednesday quotations: top York $24000000 at Philadelphia itjouuuuu of the people things were go Little May 34 314 6 6 01" Budd Wheel 6 8 Midcont Pet low cutter to 3100 odd bulla 3400 at Hunts ments earning power of the people acter bulk 140 to 228 pound 360 6 8 and $5000000 each at Atlanta 3 6 6 6 03'a Bollard Mo Ksn ft Tex at a volume and speed which the Magnolia Lead Calves receipts none Calves and andChicago 13 7 7 80 weights I43V5460 pl weight down to down San Francisco There was a decrease 18 14 Bros pfd 7'i 17 Mammoth 17 xUurni (If you question this Just try to ex- Ing do 50 25M pfd cents Oood Quoted vealerg 11 higher human machine could not stand The Michigan-Uta11 13 1400 of at all federal reserve banks $60000000 8l-18 Add Mch 8 004 0U 9 Burr Missouri calvea desirable vealer $800 - 1V4 do pfd Pao plain what you yourself did to make collapse was inevitable Cattle— Receipts 95 Including 39 for mar1 20 30 20 The system's holdings of bills bought in -02 19 Bush Terra Now things Miller Kill 19 2 63 Bheep —Receipts K0 including ea Di- open market Increased $22000000: of treas83 ket and 56 to Los Angeles packers killing the value of your real estate or se- are 30 63 10 2R Lead xdo deb O xdl 39 39 Monarch Monsanto 116 holdovers steady good under in the opposite direction 17 44 36 cent s Montgom Ward or more higher medium rect 8! notes $4000000 and of treasury 44 classes 03 10 10 su 10 Byera Co 17! 17 absent quotable to around ury curity holdings go up in 1824 28 You and going weight and good 850 to 97S pound Idaho steers and bills $21000000 JO 40 conversely contractions will be Moscow Motometer Uau wooled California 3 3 deserve no credit for creating the heif- 1685: package 3 medium Idaho and good io4b"i4 I4254i550 9 totals (In millions of dollars) March Hecla Ml 05 ft Calumet Pet State 10 10s Mullln Mfg package medium to with changes from a week ago and a year ers (4 0OA60O most cows 13 754X375 $660 ewe steady 4ii 18 H 1814 is "a 03 increased value of your investments overdone Prices are falling too low 8 Mountain Vle 8 Caned Pao 8V Corp Murray low deck 1300 good weights 51 too bull upward to 1373 business is volume follow light yearling A 30 ago becoming Admin Naildrlver Cap to to common 3125 good quoted neither are you responsible for the small and 25 35 25 a Bheep— Receipts 829 all to Los Angeles cull 17 W- -I 17 do pt A 17 02 0) Kash Motora ir money is circulating too New Bingham Mary buck few 37 $200 Late Bin discounted Marcn748 iiasiwa 36 313! 37 decline in the value of your InvestOff 80 Up 57R packers: no fresii aupply on oiler trade $360 6 OtVb Case J 1 01 xNat Air Tran Wednesday two decks medium 11 'J 11 138 141 IlH Bills Up 23 Off 11 nominally steady 60 H 02 Bought Caterpll Tr Hess ments which has since taken place) slowly Meanwhile people are learn- - fJorth ylj Bellas Nat 6 25 two decks com wooled lambs $6 4 a 4 180 26 785 U Vi '4 45 Up — 8 Mi Ofl 45 securities 46 Up 01 Celaneso OCDEV March 10 (USDA) Nat Biscuit Hog— mon ll 3 When prices begin to fall and peo- ing lessons ana are Developing a oei- wortn manaard weights $425n475 ti 13 18 13 Celotex Other reserve bank 12X 1283 10 Nat Cssh Reg A Including 720 for market 147 ter foundation upon which !'£p')°0nI'0p6r " character — 12 W 10 A PORTLAND D 14 4 HI8 l March (U 1 37 Pa 30 do Up credit 01 30 become up Cerro to 92 reverse the Nat 29' Pomona to ple Reno packers and pessimistic Dairy Prod packers 8's bank 20 20 Vi - 1H 326 to Loa Checker Cab 31 02 Receipts 850 rail supply 289 near- Total reserve Nat Hlrel Angelea market active fully Hogs— Banks then naturally de- to build prosperity During the boom fprk Binsriam" 24 develops 334 33 : 1698 all direct or contract: drivein selling Off 31 tjp 756 8 Ches ft O 8 ly credit 09 10 cents OTi Nat vi1'" oa 60 14 the volume 160 on and to 8unply higher early top high prices big rapid Parle E' Klne 17 mand a reduction of their loans As srht butcher $486: few out Monetary gold stock 4362 Up 13 Off 315 31 Hit 81 Che Corp 31 00 xdo pfd 206 pound weights v Ills bulk 170 to 320 pound steady: bulk 12 12 2 2 $500 strong weights and heavies Treasury '!64" Chi Gt West P! currency banks reduce their loans then bank speed undermined character but dur Park Konold Newport Indust weights 1440480 weights at standing P Bt M 1775 Off 1 31 down 32 Chi Up lew ft t Nelson Y of 03 N the Park adjusted the reverse "ioivi Central $4i pigs to tillers itouai2o 1400: packing sows 13 2S 3 60: late Weddepression ing 4 4 4 P pf deposits decrease correspondingly these no feeders sold 7 7 7 In circulaN Y Chi ft Bt Ll Money 05Mi Park Premier 01 160 to 220 pound Nebrasten decks nesday 9 factors is 18 — Receipts 200: calves receipts 10 strengthening 39 Up 990 11 5544 Cattle Chi A N w Off 11 This in turn forces more selling and tion 1 IS do Park Utah old 125 ka 14 hots with 4 60tt4 80 freight benefit 4S 115 Market fully steady high medulm to fairly Member bank reserve 115 401115 Pioehe Bristol 00 V Chi Pneu T xN Y ft Harlem Cattle— Receipt 307 Hence Including 64 for 11 consequently lower prices 11s 11 P some common 191 25 1910 steers $a26'n75 CD I Off 52 3514 25 H balances Plumbic Mines N Y N H ft H 05Mj O R I ft market 24 to Orby Cal packer 43 to Cal- good down Contraction Overdone 16 16 do 8 pf both loans and deposits decrease rapto $425 part load outstanding Capital funds other Y 10 17 xN Plulua 30 Steam 42 ifornia feeders to San Francisco pack- grade 19 19 19 i4 do 7 PI Jo'wfllOT 107 ses uir a Off 19 Hence I now answer the above Prince Con oov oeoosits etc 0014 pro ers 86 to South 8an Francisco market and hellers $575 good cows $460 less deslrn idly and correspondingly 1214 1214 12S 84' People 17 ble $360425 cutter to common $225(8 18 Chrysler 108 17 Combined resources and liabilities of the Provo Noranda Mines 15 48 to Los Angeles market 65 under light 100 65141 65 wonder where the wealth has gone first question by saying that this all Rico 123 133 126 twelve federal reserve banks at the close 03 Mi Norfolk ft West! 031 xClty I ft F Pf : all classea active and fairly goon buns $3uo(a3ti5 Argentine 1 1 unevenly higher: 301): - H 37 37 38 rati supply 606 of business yesterday as reported In thou650 The fact is that there is no more or means that the deflation now in prog- Bacramento Sheep— Receipts 03 In City Btoreg North American 01 !: 31 cent common 31 spots Mi75 21 ll and medium up: Pea 46 46 to arrive: no drlvea arrived early sands of dollars: 46 do pfd Klna Coal 100 steers 13 00'i50O medium and good heif- bouaht I 10 Cluett less wealth than " ever— it is credit ress has been overdone the same as Silver 119 118 9 119 Coca Cola 3 3 3 RESOURCES N Am Aviation Silver Shield 01 ers 14 00600i common and medium cows All classes quated fully steady with choice 00¥ 30 '4 83 83 that has gone" What is the sense the inflation was overdone a few Bilver 83 ewes quotable 25 cents Gold with federal reserve agents 3092347 under N Am Edison pfdl 30'j 001 Colgate Palm Blandard 9 cutters all I275i325 9 3100w275i good Aik Coll 1 6 6 ft 6 or to N better up Mloux Gold $300 German higher then of hoarding money when both years ago This overdoing of con Lloyd Mines 8 redemption luna with u a and choice vealera $600650 I Col Fuel ft Ir 31 31 63834 Northern Pac 81 Iron Blossom treasury 15 LOS ANGELES March 10 (U 8 D A— 14 15 Sheep— Receipts 30 for market tront Hoes— individual and national prosperity de- traction with a corresponding in Koulh Colum O ft I '1$ 1 IK T alk R Oold held Nor 172ft "!6H exclusively against fedv Standard 80: to 4 73 '4 73 strong 7S Receipts higher: y do pf A weight driveln slaughter lambs U6 pound 3146181 reserve notes eral 04 pend not upon money but upon crease in integrity common sense and Swansea Con to ll 40 locals top quotable 40 $5O0i510 Carb Colum 6 7 t Oil Oold settlement fund with federal 01 "'66 Mi t"4 credits? Furthermore since credits 10 s Ohio is bound to result In an- far Baoy KANSAS CITT March 10 (USDA — Hogs grain feds $525 lew heavy packing sows Coml Credit 4 4 44 322321 reserve board Oliver F pr pfd Tintic Central 01 03 o 18ty 18 18 xCom cr pf o 3 can be expanded only as people al- other change This next change will Tintic 4 —Receipts 3000 Tairly active: mostly 5'tflOc $3 Cattle— held by 1 00 Oold and gold certificate Ommnus Lead 350 four loads 35 35 Including Receipts 3o'4 Com Inv Tr 11 10 10!4 higher than Wednesday' average spots up to arrive: 490918 banks low their money to be used as a basis be upward and once again fundamen- Tlntio 6tndard pfd 2 22 Mi xOrpheum com 230 early quality plain mostly more on heaviea top J450 on 170 to xCora inf Tr u 19 30 20 -- 2 Otis Flevator 03 Chief 96 mon to medium cows steady at $325''i 88 98 of credits every hoarder is depriving tals will cause prices bank deposits Union ot 3 3 good to choice 170 to 230 pounds Bteel reserves 2950420 nils Total 0OV Union Associated 9 gold 01 e 9 25: wedcutter late 8lsosr3oo grades Coml Solv 3440ft450 340 to 325 pound t420it'440 25 33 35 himself and his fellow men of the and loans to lncreese 207869 This means Vic! or Con 03 Reserves other than gold 4 s Owens 111 OUssI 4 Arlsona ft so w iu iou puunas s uuftxtaa packing ows nesdsy two loads good '66 60 '"Isi" Comwltu 4 68 68 benefits which normal expansion of that credits will again be more at- Walker Mining good led steers and do PI 34 34 35 OIKS scarce IJVft few yearling steers $625: jowio oj xew O ft Psclflo reserves 3167289 West Toledo Total 10 00 cows 8700: good light lo4 quotable 'SCongol Na 4054 40 60'! J 85 Average cost Werinesrla 40 14 la- yearlings tractive than real property or hoarded wiloert cretins win bring Panflc Light 76144 00 " 3V l2 S3weitht quoted around $475: bulls quotable $450 Nonreserve cash — 101V 249 pounds Cong PUm 101 101 xPaclfle T ft T 11 11 west Exploration 50 to Bllla discounted 11 calves money It Is true that we suffered Yank receipts 100: medium Credit Depends en Money do PI Cattle— Receipts 2000 calve 350 largely down 109 109 30 109 xdo Btates United pfd 66 govern0 Secured 67 94' by Con 65 H 50 native vealera quotable 176OU10 Consol Oaa fed steer run 3 3 because we had more credits Zum 4 better of value to choice Packard Motor 807340 ment obligations Credits are very much dependent losses !6ali 01 nalves minted $7 60 down 6 84 '4 94S do "ivi sell above 1625 slow kinds 17 17 17 m 1929 than we had foods or gold 350639 early bids slightly rr Sheep— Receipts 800 including 3 decks Other bills discounted Cone f sundries 8'? NLIOTKn qUOTAT10N8 ower lower grades fully steady other 6 es upon the speed with which money killxPanhandle i' pfd lamb active unevenly higher four Consol Text direct V ing classes of cattle however conditions re are 9 Today 10 and vealer Con Ooli carce decks medium Paramt Publlx diBoounted 747979 OlMi circulates Total bills shorn fed A Arlsona imagine 10 men on a dos versed The wise man will convert C'littiry Cont Bat steady to trong: stocker and feeder very lambs $600 sorted 15 per cent at $400: Bills boucht in open market Eureka Standard Park Utah 137584 I SO 140 " scare ert island with one man having $100 do B 4St! 4 4 out of first hands: good elzed quota 01 Mi 03 Park Galen Pathe Ex A 46 Securities — Government 47 United States to his and lambs do Into credits shorn good These Vs stocker gold $625 pf quoted strictly 3 goods 3H 3 held by deslers early sales fed or Pioche Coalition Motor in gom ana the others penniless Man OlMi Cont! Peerles 00Mi 318717 39 Bonds fed wooled lambs to choice ss! better 1 good SOVi Cn rlD 30 30 l610M8S0i OOMi ' 83797 fed dogies quotable $625ir676 Penlck ft Ford 4 4 01' I1'"" No loans his $100 to man No 2 credits are now at such a big dis Three Kings Oil choke spring lambs Treasury notes 33 31 15 10 several load 34l 1 35 8nnt Diain Utah Southern 24 34 382600 good oullty steers held quotable to 166 Penney JO 34 Certificates and bills In $800 18 18 man No 19 loans the $100 to man No count that It la as foolish to be bearish to 1700 and above RR upward odd 10 IS Oil Penn lots and 8 6 Oil Contl Dgl tetl loads heifer and mixed yearlings 14 SOU 2 85 3 and so on until it Is received by today as to have been bullish In 1929 Utah Oil Reflnlna Oaa L 4 35 Peoples U 8 Oovernment Total Bhare Contl EGGS 96 ioo 6 100 23: 45 Ar CI butcher cows I2751i375 few choice 35 35 General business as measured bv Yanks Mines 785123 48' 46 126 Corn Prod man No 10 Then the assets of the 11 11 ii1 NEW YORK March 16 (U 8 D Ag heavy cows 14 SO strong weight medium Golden Chariot War Esgle xPere Marq pld 170' 111 lint 135 150 8497 Other securities xdo Pf 1 14 14 144 island are $1000 instead of $100 By the Bebsonchart is now 33 oer cent nuutn i inuc Mines xdo pr pld 3 pulls up to 1300 most vealera 13 00 down: ings—Steady likely unchanged 21Sr21VjC s 05 I7 t Coty 4 4 4"s X-few 1730 below bid on white specials standards 15'c bid the line normal Petro 33 33 15 Silver 33 3J Western Corp of nd 1680183 compared Total bills ecurltles Wh King the the same Cream $100 reversing process 6 6' 6 6000: market tint vt 14c standarda carlot 15 i 18c bid 14Vc Sheep — Receipts 18 16 7800 Phelps Dodge 7800 Pr )8 Crex Carpet 8613 U ll from foreign banks 41 41 can be used to pay up the entire with SI per cent a month ago even Utah 3 41 established holdlur best Colorado lamb up rehandled receipt 14!l6c bid 13V4(i 14c Due 15 Phil Co 8 pld do 8a 81 00 15 8700 reserve notes oi other Crown Cork 80 '4 30 11 So bid on Mo 1 dirties Receipts 28056 Federal U arouno 22 VI HO SO 00 15c 32 $1000 This illustration shows how with adjustments for usual seasonal Utah Fir Clay than oiaumg 1365 4000 higher 85 do pf !' banks 4V4 4 C close 4a I ft R cases few fed Phil wooled lambs Wednesday It common Crown teller 356634 Items bank deposits can decline greatly movement 6 9H 9 I6 26'a6 60: one load 67 00: full coast white specials shell trewteel Uncollected 40 40 40 iuh 23cPacific 1100 Philip Morru 100 Amalgamated pld xCrurible Btl pf 57854 Bank premises 5 SH 6 inside: Pacific coast white atandards sheep scare merely from a decline of the rata of 04 Phillip Pet SB 035 02 All other resources uban Am But 36 36 36 1033 Publishers Financial ZPk O Fairfield r Pierce-A21 1 (Copyright 7 Pld 22c: Pacific coast white shell treated M I DENVER 1100 2800 10 (UHDA1— flhen Xdo pi Mreh Re speed by which money circulates s reOil 35 coast 35 20c: mediums Pacific 35 Pierce 194 white 08 031a Pack 14000 66 around 5399380 Bureau) mads frf lnh Total resources ceipts Cudahy 6HI-- 1 8 6 When money is circulating rapidly 54 do pfd 34 24 08 04 one car holdover feeders asking 1015c Iwentieth Century Curtis Pub LIABILITIES or frigerator large lO'iilSSc: Pacific coast I 79 S OS 19 Pierce ret bank deposits are large loans are 4 — I Anchor Coal mor higher or above 1700 on best west- favored marks under limit 24c outside 50 do Pf Federal reserve notes In actual clr- 31 31 Flour 1'lllsbury erns buyers talking steady: odd lots betCurtis Wright 3617381 culatlon 6 cipicning siira freely made and prices Increase As 2 4 3 3 Pralr Oil ft U ter grade fat natives 16 25: shipper top (Emlaantory Note The New York mar do A Deooalls — 8 last Tintic Clou 1500 at 20c Pralr Pipe L ket Itsla Utah milk white extras as Pacific Mruiher woney becomes idle or is kept longer account 1909586 40VI- towV ireitnt paid neunrsuay Bullion 100 at Itc turaka 40 S 39 10SI Oam 10 10 ft Procter semilk ft Co Deere white coast while specials Utah pf 47107 tattle— Receipts 600 Government 97 calvu aoi by each one handling it then bank Park Premier JWO at 8Ue 91 140 97 - 1 50 xdo pfd Del Lack ft W 3l)S 30 134K4 ana neiirg ljwaitc higher most lects as Pacific coast while atandards: Foreign banks S A euarlerly l'lRef 110 dividend of 86 cents a ahare Sacramento 100 tooat Ic 1I1V Prod ft deposits decline loans must be re1T1PS as milk Pacific Id lietrolt Utah white mountaineers 19001 sieers 36 66 heifers 29 at 1339 67 best 66 Hi I475''i575 61)0 Other 58 Standard 1220 14 deposits at t'c in N 15 was 15 J Ber 15 declared the Pub fey Manhattan company Diamond Mat duced and prices fall This shows the coast white at J835 mediums) 114 other at 1 pounds many 114 Walker 114 (3c S0 3860u825 34 do 7 pet pfd niacins the stock on a 13 annual basis com do pf Sll lncliirilng 877 pound at 1570 Toruf'disposiU 1969156: CI OA! NO BALES beef cows 11 Ber El ft O fallacy of saying that foreing govern- pared with 14 previously The dividend la 10 Pub Mines Pom 11s 847564 200 at JOc strong to 15o higher: few loads 63 70tf4 00 Con PS 98 3 96 17 17 1 Deferred availability Items 15 pfd 17 ment cannot pay what they owa the pavabla April 1 to stock of record March IS Chief Dominion Bt 1561111 23 32 2 22 imiii ion sj oo aowni calve and Kagle Oil 4008 at 8 Vie Capital paid In 63 53 Pullman Ynunastown Bbeet and Tub company re- - Crescent Drug Ino vealer United States because it would take Vi 1500 at no 18 50 3:9421 Tlntio Con steady t A bulls practical top Surplus 65 65 lews Sua 1911 17 of M net !? Punta 74 for Du af'er Pont d porn 06' 4-I TV to 13 sveaoy 50 at liabilities All Kureka i 29471 7c too lone at low Other 6 at strong cutters up: Lilly "more gold than there Is In Europe" au charaee and preferred dividend 4104 10314 104 do deb Pure Oil The New scarce but no demand all other classes 16 Quincy 4OO0 at 1 141 95 95 BOSTON March 10 (API — Following are Purity nag xUuq Lt 1st pfl 30 equivalent to IS 55 a share of All the allied debts could be reduced loss lastock 100 at 81rt 6 399381) all liabilities North Total sold practically Lily of 19SO low In and closing prices Sheet and Tuba report HOBS — aecelnta 1200 251 two loads direct the sales high Lead Ud at 8ei tot) at It Hi 180 Eastmana Kod Ratio of total reserves to deposits and 15 83 64 Radio by passing around a small amount of d net profit of IH3111S5 equal to IS 03 a at Tlntio vwo mans iauiorniaa la r r act vs atrona stocks traded Thursday on th Boston stock federal reserve Dote liabilities combined 14 'I 8 is isci jou at uc 200 6 do pfd B Riitnn Ax ft a net prone of ijo e auement- 3 exinsnte gold as per the above illustration snare 16e higher to 14 8 per cent 12 68 85 5 nt Standard $4 Tlntio 2 6i top rather freely ed by other Incnm erly S vm realised from op rtiilngon Bch TbTs IhighrLowTcToVe 3 Only to do this tariffs must be low- erations I - H on 180 to 800 pounds few around 300 Contingent liability on bills purchased tat 2 iHR tW I11C atk 10 6 IS Kleo ft Uug aurmented by other moean to a PUUIIU5 MV3 DU1K ISO to 270 Oounria SS "70 10 10 10 Am Founders 30 foreign correspondents 317113 31 9 L ered considerably Thla sum however I Raybesto Man total of IM&aSft I kc Auto 4M!131 ) lew lights 130 to 150 oounda ta an 131 "j 133 4 26 25 36 Am Tel li Tel 99 99 10 99 Read 1st pld xdo pt Insufficient to cover Interest char 4 80: The volume of business both vitally was few good Packing SOW S 10 36 23 25 9V full ateariv Ansconda 3 12S 10Vi 2' do 3nd pld n of I41SJJH and depreciation nf 16437- Boat COTTON GOODS SELL SLQW 601 17 $350r3T5 2 3 3Vk 3 17 effects and is affected by credits M resulting In the net loss Surplus 17 81 14 nx El F ft LI Real Bilk Blgelow Ban 1 HK AIiO Marnh 16 t 10 NEW so YORK March 10 (P)— Cotton 2 '4 10 10 2 Mi 50 10 2" 38 xdo ' Copper Range pfd Consider this simple illustration of a rriaucea ssimsigoi vi — Recelpta 19000 3 3 iihjiof W iqemu 1 9 Market closed mostly Crown Cork n i Roods sales continued light today in iooi i" 60S 56 S A dividend Reining Rand a sham ei'Ytn lAaked rtg p s ii pi' Bid same as nv 10'30 a a Is with more four 2 nn artlv It banks 2 3 8 60 9 '4 East O 6r r 8' n Heo Motor an r r city Saturday the common slock declared today by the finished and unfinished lines but kinds market strong to 10 cents hisher Kdlsnn Elec 111 6 6S 6 60 2 it 193 Evan Prod 85il94V 193 Sugar com Rcpilb Bteel oil company payab'e March 11 Ameujamaled morning after clearing Mr A gives Tidewater 2 14 14 1414do pfd 10 9 9 mostly 5i 10 cents higher than Wednesday 9 10 00 do cv pfd mercerized yarns appeared to be in Kmplovera Group of record March II The previous a check drawn on bank No 1 for 'o sio-4 4 39 H 15 31 39 38 995 31 arira and light llshts up more Oen Ec Fairbanks Mof 304 31 growing demand Rey Tob B IS cents In June 1931 Prac Conanliueted Wagon dividend 7 too 15 00 pigs 6 1' 2 2 Mt State 7 111 00 3V 2V 20 red Wat t 41 H10 Oran Oil $3000 to Mr B who deposits It In bank tically all or the common stock Is owned Telephone paid for choice Mass Util j 14 13 13 Ml 00 6 5 weights SSI- 45 112 112 110 rated D 8t Eallmated New Bng T it T shippers took 4000 pfd ftossla Ins Rayon yarns for lining purposes are the Tidewater Associated Oil company no 2 Mr B uses this credit to give byThe 335 6 34 301 9 31 P Fir Ins 2 30 1 3 utan 3500 noinuvers sihhj 201fid Dul Royal Quincy comrrt more freely tiay Interstate Store selling Burlaps eased — 7 a check to Mr C who deposit In pany announced Department on 13000 6 In 557! 7lAv 140 Bus 1st rlcalnsr xFtfth RpcelDta t'ok Utah bheep ilrnnv ft Stone 144 I4H pfd pa 15'i (800 Wbter the quarthat action 10 13S IS 35 57 5314 87 13'- - 1 Sa'eway Bt in cenis nigtier than Wednesday a Ptrest T ft R in 31'4 31'i Sl'-- i a trifle following the movement of best Torrlrigton Busar com bank No J Mr C uses this credit to terly dividend of 60 rents on the common lo do pld SIM 61 i prices active at advance: numerous loads Unit Founders 2651 s xdo 1 Pet pfd 80 83 92 93 Nat Bt HS I Plrt slock due at this time would be deterred Pi 291" 29'P sterling closely Wool goods for 36' - i choice 61 Cll RefYnlnt Ptsk R'ibber 111 give a check to Mr D who deposits uiilll alter fed lambs $7 60 775 Unit Fruit xdo 6 pet pfd 150 64 28l 39 men's wear are quiet Shipments on operating results for the first Utah to outsiders late bulk beiier grade $7 00 Unit Shoe Mach 3! 4 xdo 4 13s on 40 40 Utah Mom Piie Ins pf in bank No 321 40 st As a result the banks in mouth of rt 1812 are available 10 00 3 8 6 6 'a ( au lo pacsers around s do pld 40 Fojiansbee 40 306 40 past Orders of women's wear fabrics A quarterly dividend of 35 cent a share Utah Power ft Light II p'd Uish Metal wjihl of the city report deposits of $20000 MS Wheel 2 oo Poster 6'V going at oulslde figure: medium lambs 8800 Savage Armg continue active nsvshie April 1 to stockholder nf record Z O Msi 1pia Total saleaThmsday 19201 shares 3 Film A Pox t6 2 75: tschulle 3060 outSSOwS thrownut 00: Ret 3h6 U March voted was 133 3?by directors ol i4:-18 lo! 30 6 19 20" xdo Pfd Freeport Tex standing llehl weight we $450 'lie Northwest Pans rormiratton at the quarfeeding BANKS 4! lambs nominal Vl Braboard Air terly meeting Wednesday Since th cor 3l 1 1 5 A Onbrlel 36 Cattle— Receipt 7006 cslves 115 t 00 Oil 12800 Natlimet CmElnenll In 1329 ©oration was L S 1 Up & Down The Street rl 1 r- 1 Houd-He- 4 1 1 1 1 " Inger-Ran- g Mi STOCK 16-- t d Mi EXCHANGE k ' V ::1 M " 1 g 1 3' y 1 one-ha- 1 lf Mi Mi ll Reserve Report s- er rt Loose-W- il 1 ll 1 DO lr9 1 Mi 1 3 Mi Livestock Quotations 1 :1 3ly 1 Mi h Mi ist 14" CM) Mi Mi i M 1 Mi O 1 V :-- up-P- ly 1 5 n ol Mi V r Mi ' rrtil-Ai- ll 1 1 V 3 Y Utah-Idah- o r 1 1 1 1 Hi 1 I- 1 Dividends bank-reser- hr 1 1 ' 3: lst 1 eoia-mo- n Local Securities i V4 Radlo-Kelth-- 1 Boston Stock List Mi 1 rc mini 1 I 1 61 4' r-- Bchramm-Johnso- hu V 1- 2'-- 1 1 5- utati-iiiah- o WE OFFER AT ' XTW TOPK counter niU£?l: flanks: 'Chase Ktluiial I I I Slo k & t nnt companies IiMm Trust ten Hanover Chemical ' A If ogle & Co IM Mala Sirwi Sail Lake Crete Bidf Og&n ammm iM m m a! m BONDS Jtak orse Cahle tenClear ptd 60 10 1 13 n 11 3 18 15 3 31 3 330 24 So! ' 39 S54i ''a:ity Irvine Manufacturer new N r Ttuet Title (uri!ty a Tr United K'!c m oi a US si's Si' 64 Urn 3 320 ri' t Ui imo TCtKnp iis Wheat 58 V si58ttr March rate oais norninaL I 6SgU3!c 10 n o I API — Toledo Nol S 1 red S4HtV Ko 2 yellow No 4 yellow Jit1! Sic Oats and eeeds unchanged tjram in store treruit bilttn attached corn No I yellow n 14c: bov tiack uittaucui com Gtanhy Grand-ni- l Xdo pi Hack liaim Yter Dit I'l 3 38 68 V 85 22 86 31 66 8" ll 4M 17 6 " as 1 30' 61 30 8 I0 88 41 St 39 4 l (Irani W T H No By pfd tit Weal 'I Bug 11 24 16 rln on cVhent'a!e Cftn M ai - 20 JuV- - S6SI4 30' 65 1 Adnlph S !i 3 flold Mint Ooodrirh Goodvear T do 1st pid Toledo Grain 31' 1 i Ouhel 7 - 15 3 fl 36 2051 1 Hi 1 34 13 1" r ss!"tj 3 1 j- 13 35 IS 90 41 MiWrAPOtttl Mrch if) (AP)riour— i uPt'oaiteeti: shipment ?a '"' '"en in st)tttoo aiandwd mid wheat 8'i8i u oo idiluils ii 4 yttO above I! (n Oen Uen -4 IPvt Par Pet Par Gen Ko do spi (API— Over th 14 00 M 00 Oen Pood einatd Bug 7 1MI 98 Con liuig u liiii-1- 4 llW 00 00 Oen ( ft El A 1MI-3OO Chief 7s Con 00 14 05 Asked" id Oen Mill j Mutual Oreamerv 7a 40 00 to 00 Oen Mot 5 18 00 14 00 Ky la IdU do ptd no 8Rot-k-L ft Ctden ia Mt Pack 40 00 00 00 Oen Out Adv mt lino S I Terminal 5s IMS 40 00 30 (Ml do A 3a'4 Tellutnl Power s ii! 80 0(1 M 00 Oen Pun Bery M M Utah (Us Coke 6s 1J 88 60 t 04 lln li It HI 111 do Is IU18 78 00 74 00 xlrtn Kl Cat! xfct V 011(1 Hide Oen Thea Kn l''s 1MJ It 10 M S tHeh-Maau s llj40l JS M Bsf H Gillette JH to Utah P es L (Is 2023 11 00 80 00 do cvt pld Is do 7 50 1H4 12 no Bro niinhel 114 Utah Lt ft Tree Is 1BI4 10000 102 00 tliutden Co n us C'tntlneut al Corn Eichatii I t! I'll xGamewell Gen Am Tank ('ten Asohalt J' PuhiH and Bond sto 00 oo oo 00 00 in Manhattan National City '1 18 m ut I Empire IJ January cents share had First fceurity Coraoratloni 1500 138 00 Utah £ avuue ft 1 rust J !( 00 Utah tai Natieual Waiker Bank 1S5 Oft Pavliirts ft Trust no oo yion 10 rHt Nllonal LIGHT COMPANY P Marco Commercial tlTAH POWER and 1 411 N Y Bank Stocks CURRENT MARKET PRICES ll 1 nreanised jg nuarlerly dividends ol 1 Men paid reaularly u 4 lt Bervel Ino tltiaro ft Dohm Hhell Union !!' Hlmrnon Himms Pet Hinciatr Con Bsellr Oil K 4U hern Pac fjcuiiiern Kail sspsld lt c'ti pfd mining Ch pld Keil tlneiicer aiand Brand 31 86 - 4k! Sit doCiiirtpfd Tnh Vtlst ri v El do pld -6 do l P pfd 'SII Invest 161 Vis IB 4 Si-- 11 Oil t pfd Vaitt OH Cal 3 - 10 4i 17 61 U t S'il '4 6'i 1i- 30'! 3ti'i 20 3o! 4 t 89 3l 1SI ii 30l - I 8 3M ISie Bt Oil Slerl Ber 12 6 8 15 4 13 t 5 Hl V- - iohI" 56 10 13 2 67 '4 40 h 13 Is 1 "I 3114 36 69 JH 69 80 U 6 26 30 I 6 13 8 14 21V 1 10 16 s as U 33 3KV it 59 Hit 1 8' - 14Hl- - 94!-8- 8 6' 10 6 10 T 41 I'nl 3 receipts 1500 lower nn at- Cnd mostly 35 cents and yearllnis ellailil to $6 00 upward: common kind cleaning up early at ateady pnrea peat weigniy steers is 15 no choice yearlings offered bulk fed ieer and yearlings $575'is760 OMAHA March 10— Ho closed slow on weight end up compared with Wednesday" average steady to 8 cents higher extreme tlose barely steady! bulk desirable llhter weight snld early at cents advance: bulk welnhts 141014 36 others same a early Shippers bonM around 370- 0— Cattle CoinparedtwHh Wednesday fed steers and yearllnis mostly steady to weak other rlssse same a early Weighty steers 1304 pounds 17 75 Hhecp — Unchanged COUTH BAM rBANCISCO March 10 (U S D A —lli— Receipts 40 all holdovers nominally steady: email lot pin on ssle ouotsbla oi good butchers 15 25 packing sow (looted $3 OAstS 60 2M CtHiFe-ell)tIncluding 1!0 direct 76 holdover: about eleadv good klll- - S L WWl- - Bank Clearing bsnk debits lat year Ihur dy bank clearings Same day last year Wed Bam 86 V Co 1'eiiQ Corp 4 31 13 A 1214U 37 9 23 67 40 til(ne ft Web anirtebsker iiSim ml pfd iHuoerlor Oil Buperlor Btl 4 9 6 6 4 10 68 13 1 4i 8 t 23 67 40 it S S4Si- - 4 13 I Stewart-War- Bweet 34 4 10 56 ll1 31 36! 37 3 10 3 N S 1 H: i''i 4 4 4 2 257 Until '6' fl (1 Solv A In pf ww South Cal Pd Bo Ky M 81 5 7 S'Tony-Vacuu- ' 15 5 2 $1 j 1 346 718 00 si3 ('J 60 a ja:iApo 23 2U&M man yields Issue) ' peofit possibility Rate Utah Tower & Light 1st lltg 4'2 6 Utah Tower & Light Deb & $7 Utah Tower Light 5 Utah Gas & Coke 1st Mtg Maturity 194 1 Prlc 2022 Tfd 1936 79 69 Beason Investment Co Bcason Building Salt Lake City r |