Show JJ for the l THE SALT LAKE TRIBUNE SUNDAY MORNING SPENDING INCREASE Spring Influx of AIDS FIRM PROFITS Miners Recalls Financial Expert Sees Benefit of Added A gressiveness in Business g-- - Well Concentrated Session Develops Better Tone By substantially Increasing advertising expenditures In newspapers and magazines by increasing expenditures on HELENA Mont (UP)— The spring research work and experimental work by operating the influx Of miners into the Montana in laboratories and offices without reduction of pay hills recalled the famous Sun River rush of 18(ifl to many pioneei iRd by a sales promotion cooperative (profit-sharinplan gold residents nf this gtntw en company has succeeded ' in In five-day-we- ek g) With activity fairly well concentrated the Salt Lake stock exchange was generally steady to stronger during the week All active Issues with one exception were either unchanged from the preceding week or improved in price Duilng Sslui day’s short session the mnrlr gjkrj uai SCtiVily broadened Eureka Bullion was improved to 7 cents Park Utah which hit a new low for the year of 62 cents during the week was relatively much improved at 70 cents on a trade of 100 shares Crescent Eagle Oil was steady The Sun River rush took place in creasing its profits over the previous January The thermometer stood at 35 to 40 degrees below zero and there yfSr and in increasing its common was a foot of snow on the ground dividend — & R Squibb & Sons man when between 1200 and 1500 men ufacturing chemists started on the “wild goose” chase Co you know of any company that The rush began when John McClellan discoverer of the diggings in Me has come anywhere near matching Clellan’s gulch sold his claims in that lucta a record merely by cutting and area and set out to find a new field cutting and cutting? A short time later McClellan appeared In Helena bought a quantity of supEnterprises that fijave done best m plies and paid for them with gold almost every instance re those that The sight of the virgin gold was didn’t weakly resign themselves to besufficient to convince the ing licked but redoubled their 6g Balance Between Gains and prospectors that McClellan had "struck it” again and the rush was on gresslveness The quest was doomed to failure Losses Maintained Auto Lou E Holland Kansas City Mo Whether McClellan ever found a new lends “a composite drawing repregold field never was learned but It Production Jumps was certain tne men who set out on senting 212 buildings none of which his trail in search of the supposed existed In 1928 They cost 152000 bonanza found no gold 000 not including buildings costing Signs of improvement in general Several hundred of the $25000 or less of which there are a the who braved the terrific prospectors conditions business throughout cold to reach very large number We are feeling on few last were but week the supposed location of the pew field country pretty good about this” Hugo Blumenthal well known the other hand there was little if any found shelter in the St Peter’s misin the Biackfeet Indian financier writes this column: Reports from sion houseOthers found shelter among “As gold Is the basis of the circula- geneial retrogression country tion of the world and as everything various key centers indicate that a the Indians themselves even was in low maintained the pace is built on that foundation the in- fairly temperatures and Despite creased production of gold through- comparison with the preceding week the hazards of the trail only two to deaths due out the world would be of paramount exposure were reported Leading automobile manufacturers The world produces have announced comparatively heavy importance about $440000000 of gold I do be- schedules of for May The lieve that if a bonus of 15 per cent steel industryproduction is beginning to reflect or 20 per cent be given by this gov the increase in automobile output eminent and other governments for The advance in oil prices several Extras cartonned BUTTER lb $ 23 the mining of gold that possibly in weeks ago has held much better Prims first cartooned lb 3m Vic five years the production could al- - than many leading less) (Parchment wrapped companies had EGOS most be doubled — and you know v hat predicted The upward trend in re- Fancy poultry farm dot 15 14 that would mean to the prosperity tail prices continued and although Selected white dofarm do 14 Mediums poultry and happiness of the people some in it was feared that quarters CNEE8S “The cost to the different govern- the failure of wholesale prices to Full cream triplets lb 13 13 ments would be very small would be move in accordance was a sign of Full cream longhorns lb 13 Full cream sandwich loaf lb paid to the citizens of the respective weakness it is now hoped that with Jack Cheese six pounds each lb 17 34 would increase bricks lb governments gold the arrival of warm weather and in- Block Swiss 36 lb bricks Limburger mining to a great extent employ more creased demand wholesale prices will Cream 19 bricks lb brick 13 people make the use of machinery at least not decline Roquefort five pounds each lb cream daisies Wisconsin cured Reports from leading cities indicate Fullpound ljtore urgent — in fact would bring 31 about a basis and a hope which is so some improvement in retail trade and KANSAS CITY Uay 7 (AP)— Produce urely needed at present in this trou in some of the lighter manufacturing bled world” Lines Isn’t this suggestion sounder than CHICAOO Mar 7 (API— Poultry f 11: trucks easy most of the many now being aired? prices unchanged Butter 16 16 steady: creamery specials S3 score ex3 11 extras 17W18 People Bay Organs ’ tra firsts 90 91 18 fri 17 firsts 15 People are still buying organs The IS seconds 86w87 standft 14ftl5 Aeolian - Skinner Organ company ards 90 centralised rarlots 17 37711 Eggs extra firsts 13 steady ends the cheering news that their fresh graded firsts 13: current receipts Unfilled orders on hand have in storage packed firsts 19 extras llt£fiil2 ' creased substantially and that em Potatoes 77 on track 159 old t new ployment has been Increased 10 per total U S shipments 815 steady on old slow Cent Motor vehicle production In March stock: dull on new trading80®rather 90 MinneWisconsin round whites President Earl Mendenhall of the totaled 118959 compared with sota North Dakota Irish Cobblers mostly in February and 276405 In March 85 Texas Bliss Triumphs lew tales 435 Philadelphia Association of Security Salesmen after quoting these sen- of last year according to figures Is- futures unquoted tences in a recent column: “A beggar sued by the department of commerce NEW YORK May 1 (AP) — Effs 17 697 has to have a license to sell pencils Production in the first quarter of this steady: mixed colors checks lotaftll: white brown exes unchanged and fitly faker can take an office in Wall year was 355721 units compared with Butter 6588 unsettled creamery firsts Street and start issuing ‘securities’ 668193 in the first quarter of last 81 to si scor 18 ft 19 14 seconds lea 18 without a license” wants it empha year Cheese 118 540: firm unchanged sfted that fakers can’t operate in The number of passenger cars pro- Dressed poultry weak: fowls fresh 14 (530 old roosters fresh 84711: ducks fresh Pennsylvania “No one” he states duced in March was 90325 against and froten 15: live poultry quiet and un “ean obtain a license to offer securi- 94085 in February and 230834 In changed ‘ ties within the state of Pennsylvania March last year Passenger car out EGGS without a thorough examination of put in the first quarter was 292116 (D8DA) — Ebs — his record by the state securities com- against 548529 in the first quarter of NEW YORK May 7 four salet 3U0 re unchanged Steady: mission No dealer can operate with- last year Production of trucks In handled likely receipts 15c car rehandled receipts rehandled on bid 16c bid in this state without a dealer’s license March aggregated 19560 units com1615e 14c 12 c bid on dirties: receipts 32697 and no security of any kind can be pared with 23308 units in February receipts Pactfle roast unchanged otfeied for sale within the state of and 45161 in March last year Truck No — The above market cover Utah milk white extras as Pacific coast white specials Pennsylvania unless the security it production for the first quarter was Utah milk white selects a Pacific coast NEW self has been passed upon by the 63409 against 118213 in the first quar- white standards and Utah milk white mouncurltles taineer as Pacifio coast white mediums state securities commission — and ap- ter last year proval of this commission is far from being a matter of routine” This column referred to fakers in W&ll street Pennsylvanians are to NEW May 7 (API— Per hr Settlement prices of metals at Salt Lake be congratulated on being so thor- earnings YORK of corporations raportlni this work smelters as quoted by the American Smeltuded lurl Wall and Refining company are Silver ing oughly safeguarded against an ounce lead 3 OQs and copper 5 40c 27o street or other unscrupulous schema pound ers NEW YORK May 7 (AF— Bar Silve- rDividends Drop Steady V4o higher at 273ac are be-g The wages of stock owners LONDON May 7 (AP)— Bar allver—Finn Ing drastically reduced Last month ftd higher at 18 there were only 24 improved diviMoney— 14 per cent dend announcements contrasted with Discount rates—Short bUU 1 Per cent 192 unfavorable announcements For the first third of this year cheerful NEW YORK May 7 (AP— Foreign exdividend declarations have totaled change — Firm Great Britain In dollars in cents Oreat Britain demand others 601 1930 543 167 in and only against 3 67V4 bills 3 65 cables 3 87 cables 194 itf the first four months of 1929 UFrance demand 3 94 De6 18 5 16 cables demand announcements Italy have nfavorable 23 80 14 05 mands Oermayn Belgium reached 817 compared with 614 Holland 40 53 Norway 18 79 Sweden 18 89 Denmark 30 14 Switzerland 19 57 Spain year ago 186 in 1930 and 37 in 1929 7 96 Poland Portugal 3 34 Greece 03 --When the Pennsylvania railroad 3 964 1130 Jugoslavia 59 178 Austria 13 09 Rumania Arfn tlna 35 79 Brartl 7 16 TYrtMo 32 44 Shang- TRADE HOLDS STEADY LEVEL 4 Production Starts on Self-Propelle- Track-Mounte- d d Digging Macliine One Thousand Await Winter End for Metal Merchandise Carloadmg Search Rise Credit Expansion Start Noted With the first NEW YORK (UP)— breakup J of winter about tuperinteiident of the rth Lily Mining eempnny has in self proented a track mounted pelled rock and ore loading machine Complete patent rights have been obtained and production started by the S Finlay pitch-blcnd- - e v f one-hal- One-Ma- n one-ma- one-hal- Produce Market Chicago Grain Aline Installs d Trastion Cable kill-o- 11 Auto Companies Report Further Slump in Output 2 V gold-seekin- g ly at 4 cents Park City Consolidatcents ed was off fractionally to 9 on activity of 2600 shares Silver King Coalition regained price strength with sales of 100 shares each at $220 and $2 25 Tintic Lead was at 90 cents and Tmtic Standard was steady at $215 Walker In the week's activity mnira4 np la 45 Cents utith & low point of 40 cents Rico Argentine continued at its low figure for the 'year of 2 cents North Lily was comparatively unproved at 34 and 35 cents and East Tintic Consolidated stayed at 15 1 2 cents FORBUSINESS ROCK LOADER 1000 men NEW YORK— Despite doubts and mostly veteran golrf prospectors will set cut from various point In the discouragements about certain fundaUnited States Canada and Alaska to mental features of the business situation particularly as regards official penetrate to the subarctic wilderness and legislative attitudes toward the of the Canadian northwest territory problem of recovery April afforded treasure rush most on the some evidence of spectacular inherent economic Eastern Iron and Metal company of since the days of the California forty vitality and convalescence according Salt Lake as the In search of ra be will niners to They Business Week The decline the B Mr Finlay who was assisted by E LISTED STOCKS Asked Bid hoist engineer of North Lily dium and they will go in airplanes m important business indicators and Royle 01 7 A It a Con 00' has utilized in his Invention the work over from 1000 to 2000 miles of the in commodity prices slackened and in 01 00 Alta Merger of two air engines one for locomo- northern wilds to reach the scene of some cases reased 04 00 Alla Mich 10 Am Exploration Merchandise have tion and the other for operation of their quest carloadings oo '4 Am Metal Mm Co This new rush to acquire the most risen moderately and as the month his patented “rocking” digging and 01 Beaver Cop results precious of all mineral wealth closed steel production was slowly 05 04 Big Hill dumping unit 00 00 Bingham Metals In describing the machine and ex- from the discovery at Great Bear expanding under the stimulus of in01 'Black Mela) of radium LBke rare last the spring creased activity in the automobile in00 '4 plaining its operations Mr Finlay Bonanza Mining ore '!6o 00 Bullion by a prospector vet- dustry which is expected to continue said04 02 BfiMdl Silver to the Cobalt of the silver eran rush for several months “The total weight of the machine 03 01 Cardiff More significant are the first signs 'Cedar Tail 014 about 3200 pounds It can be oper- m Ontario 25 years ago who tumbled deto 00 rich be 00 what across appeared that federal reserve efforts to start drift and ated in a four by seven-foo- t 35 37 Chief Cou ore the of credit expansion are to 02 '4 can be transported from level to level posits 'Colorado Cou This man Gilbert LaBine and a take effect Although beginning 001 Colb Rexall contraction in a standard mine cage Its speed of 05 04 'Combined Met all sucC Paul SL E fellow prospector continued in the out of town banks 04 04 operation provides for the loading of ceeded in Crescent Eaglo getting out about 20 tons of loans and investments of the New 01 min16 cubic foot car In less than conto found was blende which CrovtQ Eagle Oil pitch York member banks last week ute 01 01 Crown Point tain two and grams of pure showed an and unexpect10 Dlx Butte Control !6a’ radium valued at $125000 st prevail edly prompt important Dragon response to open market !oo ’EriU Antelope “All operations for front or side mg prices There Is less than one of the reserve authorities Operations "ooft 00 Crown Pt 'E ' pound of recovered radium In exist- for the first time since last Septem00 4 digging are under complete East Standard 10 E Tin Coal control To operate this loader the ence In the entire world Two and ber including even an upturn in com30 HP East Tin Con f operator or trammer shoves a car grams equals in bulk the mercial loans Reduction of money 03 East Utah is It to which amount of granulated sugar which rates In 'Emerald oi‘4 against the machine foreign centers also reflect 02 'Emma Silver automatically hooked He then moves can be piled on a dime further easing of financial tension 01 'Empire Mine the of forward handle the ra valve the causing Immediately that word 01 If this tendency continues it will be ’Equity Oil 07 07 machine to advance and force the low dium discovery leaked out last sum- an Emcka Bullion encouraging indication that the 07' 06’ Eureka Lillv The ore comthe Into location shovel a ered for rush mer pile the 03 00 stormy winter is past and spring not the 50 men filled the loader about stops and menced operator 01 Gold Chain altogether far behind 00' 'Odd Standard advance elevates the valve handle were able to reach the scene before At this jittery picture it would be 03 01 ‘Great Western Into the contents in its the the closed Winter shovel the By dumps present 01 Howell most helpful if congress could put 005$ car the machine moves back along time December temperatures of 40 aside its Indian Queen stock market muckrake and 07 'Iron King 05' the track and the shovel drops down below zero arrived between 40 and 'Kennebec begin to do some spring plowing for once again to its digging position 50 square miles of territory about the crop of constructive measures “For cleaning up the sides of the Great Bear Lake has been staked out that will be much needed before the is rotated drift the digging assembly harvest moon no matter who is elected by hand lever on the tumtahle to one into advanced and or other side the the pile When dumping from these CHICAGO Mtr 1 (AP)—Keeping in step side positions the machine automat! with th etocli market train trader recally straightens itself and unloads versed their position late todav and aw undone into the car When the car Is filled prtre advance more thau wrecked bullish Final dip by securltla the coupling hook Is disengaged and sentiment with likelihood of In asoctated f the machine ‘kicks’ the loaded car to ternattonal difficulties because of the President Doumer of France Paris give It a flying start down the drift” dispatches comparln hi assanslnatlon with AMERICAN FORK-- For the past - 10 Machines Flaoed the assassination which started the world ar failed to arouse new buvlni of wheat three days the Yankee Mining con The company announces the place- despite authoritative assertions that the pany In American Fork has been it of Doumer belonged to the organised ment of ten machines in operation in slaver traction cable to stalling a nine-milBolshevik force under yes various western mines and a pfogiam Wheat closed unsettled Id In transferring ore from the mine tl down oai for productioh of 500 machines during terday' finish corn Si4 9 Deer creek Twelve men have off and provlalous 2 cent to 7 cents up the year A force of thirty men has been employed been placed at work at the plant and RANGE OF LEADING FUTURES The mine is loading as high aa 90 all manufacturing and distribution CHICAOO May 7 tons of ore a day from Deer creek High will be handled from Salt Lake The May to Pleasant Grove Four truck are 9 55H received has 67‘S company announces it used which make four or five trip Julv old new mine from invention 57ft July each day inquiries on the 80 old September South States of United the executives 59ft ieptember new the and America Africa Norway 62ft ectmber chief engineer In charge of mining Corn- Tea Imports Survive 29 ft May of United States the operations for 37ft July 35ft Economic Situation Soviet Russia September 35ft Officers of the manufacturing com- December Oats— 33S pany are Nathan Rosenblatt presi- May NEW YORK-- Ont of the' few 23ft dent Morris S Rosenblatt vice presi July 24ft major commodity imports to resist ReptemHer dent and treasurer Joseph S Rosen December 34 ft the general recession tea imports Rve— blatt vice president and sales man have not only survived the troubled 38 N May Rosenhlatt Simon secretary ager 41 economic conditions of the last few July 474j September years but have forged steadily up December 45k ward to the point where the nine Lard— Mav months' period ended March 31 this July year registered an Increase of 4700-00- 0 September SATURDAYS UNU8TED STOCKS Bellies— pounds over the same period of Progress report for week ending May 1630 according to official Mav 7: government statistics releases by the India tea CASH QUOTATIONS Utah Southern Oil Company— Gray— 1 A bureau 2 and 4 Reagan county CHICAGO son Nos May 7 ( P)— Wheat No 68fte' No 3 yellow The official records ihow a total May 7— Investment trust These wells are producing rd 55ftc NoNo 3 3hsrd Texas white 3150 Sl33ftc market of 72353265 pounds Imported for the Oats— No 1 whits 24 ft very steadily and with no decline nine months ended March 21 aa and they show very similar charac- Rye— No sales Barley— 40w54fl teristics to those from the same colitic Timothy compared with 68889650 pounds in ssed— $3 75t7 ft® 1931 and 67560294 pounds in 1930 lime horizon In the Big Lake field Clover seed— $0 00(213 50 $4 35 six miles away and which to January tartt— Ribs— $4 Jft mil1 1932 had produced fifty-twOLD WELL PRODUCES Bellies— $4 25 lion barrels of oil BARNSDALL Okla m An MINNEAPOLIS oil well right in the middle MINNEAPOLIS May 7 (API— Wheat— Re Utah Southern OH Company— Govmain street still is 68 cars compared to 76 a year ago of Barnsdall’i ernment No 3 Garland Wyo Pro- ceipts northern bringing it out of the market fte lower Cash: No SATURDAY 8 SALES The ground 15 per l dark northern No tank rtftftc’ An 63fti& ducing 1000 at Oil Crescent Eagle cent protein 60ft©734C 14 per cent pro- well a “stripper” completed March eight-incan and station Eureka Bullion 1000 at 7c 18 cent pumping 1914 Is pumping one or two bartein 06ftfl08t4C U per protein 03’ft Park City Consolidated 2600 sit 9C branch pipe line have been complet- Mftc 12 per cent protein 03ftS’654c: No rels a day Park Utah 100 at 70c ed by Illinois Pipe Line company and I dark hard Montana 14 per cent protein $3 30 Silver King Coalition 100 to arrive 65V4C No 1 amber durum at $2 35 provide the Garland field with an 05c COTTON SALES IMPROVE 68ft 0 72 ftc No 3 amber durum 674) Tintic Lead 100 st 90c eight-incpipe line connection with 71 pc No 1 red durum 48V'Ufilftc May Tlntio Standard 100 at 1319 NEW YORK May 7 July 0O1r September 68Bc the Greybull refinery of Midwest Re- 0Oftc: Corn— No S yellow 354$ 37c goods were slightly firmer today and 3 white 33ft‘4 23'0 fining company as well as the former Gate-sales were slightly improved FinBarley-- 33 eight-incU2c connection with line pipe No 2 ished goods were quiet Silk goods 3B'M1'4c Rye— the Burlington railroad Flax— No I $1 26 '4 29 are selling very moderately Rayon prices are irregular but production KANSAS CITY Utah Southern Oil company— Bale-leNFW YORK May 7 (AP)— A total of $25 is 282681 bond offerings by 38 municipalities being curtailed more generally No 1 Sait valley Utah Location KANSAS CITY May 7 Is scheduled for next week according to the 137 cars unchanged to fte lower Burlaps were NE1-unchanged The easing of NE1-- of section 31 Receipts No ) noml m raw “Dally Bond Buyer In the week Just end center of No 3 dark hard 6Gtti61ftc wool led to uncertainty among ‘ ed municipal offerings totaled $24292 428 township 23 south range 21 east nally ftO'u’IOc No 3 hard ftlftftfiftc: No fabric 3 80ft No red nominally ftc buyers Grand county Utah Drilling la being 40ftt53c No 8 nominally 6nft&lc Close1 May New drilling and sand July resumed Pi 505c September 62Vic Deoember P5e INDUSTRIALS in the Youngstown district wlU be raised lines have been — 14 No ears unchanged Reretptg put on the reels and Corn WHAT THE STOCK 28 per cent of capacity com white 32ftc No I 31e No 3 yellow AMted next week to Bid pared with an average of 26 per cent lor plans made for completion of this 3Bfte No I M'jC No 3 mixed nominal! MARKET DID the week just ended test Present bottom is 5200 feet and 80ft it 3! c No 3 nominally 28 8300 Close Sat Fri Mar Slftc July 33o hole Is 8 inches diameter Number of advances 145 400 Oats — Receipts 3 cars unchanged to A New York cotton exchsnge membership No 3 white nominally 24'9 27ftc Number of declines higher 170 81 sold today at $10000 a decrease of $1000 Utah Southern Oil Company — Don No 3 26e 131 from the previous sale 118 Stockj unchanged Rye — Nominally 43M5e aldson No 1 Location NE NE secTotal Issues traded 446 599 barley— Nominally 32rt40c tion 25 township 5 range 18 west W Webb who has been acting as 8turt 1400 feet about at Objective Drilling livrRrooi the head of Path Exchange Ine for past 3500 feet This test will reflect upon LIVERPOOL Mr 7 (API— Whrt clnw— year since the resignation of E B Derr ha K C Da vita been elected president It was announced to- the 6650 July ftSYgC October (Njftc Jeu T Badger productivity of Utah Southern’i May December day His title heretofore ha been executive lease located upon the Bow Fx hunt 43e $3 67 vice president Creek dome Thillips county Kansas flpot wheat— New Wale Sir No 2 herd Oo winter 6 llftd Rosjtfe 6 Jftd Gold transaction reported today Involved stock Member Salt Lake Stock Rxchang further loss In the country's monetary THNNIPFO through an Increase of $8097800 In ear-to 21 West 2nd Sooth Wat T92S YINNIPEO Rfay 7 (AP) — mark account The decrease was reduced Low Cloxe Utah Wheat— tS 058 000 due to offsetting Imports of 61ft t 61 S May (lift from Mexico $21 ono from New Zealand BINGHAM OVER NATION w Short INDICATION OF For Radium Rush VITALITY SEEN To Canada Field INVENTS Memories of Sun River Days Revived 'With Spring Prospectors By B C FORBES 1 Prospectors Set PRICE LEVELS KEEP STEADY MINE OFFICIAL FOR SALT LAKE MINE ISSUES ORE Old Gold Rush Trading Fairly f C MAY 8 1932 e ’r 117-41- 8 Oil Drilling Investment Trusts YORK Metals and Money Earnings Report 1 4c McOraw-HU- l Publishing company and subsidiaries report for the quarter ended March net loss of $10027 after taxes and charges compared with net profit of $373-07- 2 equal to 62 ccius a share in the first quarter of 1931 The report of the Brill corporation controlled by the Amerciaii Car and Foundry company for the year ended December 31 1971 shows net income from all sources of $260 614 after taxes and other charges after equal preferred dividends to less than cent a share on 217 288 no par shares of class “A” stock This compares with $330-76- 2 or 32 rents a share on the class "A" stock In 1930 The Duke Power company and subsidiary Copyright 1932 by B C Forbes) utility companies report for the year ended December 81 1931 net income Of $4858 778 ' " after taxes depreciation and Interest comand nors with $8017 512 in 1070 TTEW TORK May 7 (API— Dried fruit pared A net loss of $560 788 was reported for nd hops steady 1971 bv the Foundation company compared a 1th net loss of $7663 In 1910 Foundation c nmpanv Foreign a subsidiary for the year ended December 31 reports net profit of $ J4 719 after all charges W T Grant company reports sales of & Co A 1973 18 000 520 for the month of April compared with $6 401 697 for the like mon'h In 1931 U a drereas of $401177 or This STOCKS & BONDS 6 26 per cent Bales for the first four months of 1973 totaled 120 808 910 as com18 WEST 2ND SOUTH ST pared with sales of $20 192663 for the period in 1971 an Increase of $706245 or 3 49 per cent 31 1 fruit Badger Ralph WE WILL SELL m od” CUdre ! N’S 70 00 1 67 a 1621 03 Va 9 00 04 1 Mrklea Potatoes Butter ik te Bug Pfd 20 Utah Power A Lt 7 WO NO 7 Charge MAIN bt T 1 Utah-ldah- o 01 $ Pfd i It 83 28 38428 7038 50 79 N Y Bank Stocks 240-acr- e Davies Badger NEW YORK May 7 lAP)— Bank and trust market) company stocks BANKS Bids 307 Chase National Commercial Fifth Avenue First National Manhattan National City Public 118 1340 1100 20 35V 30 Askeitf 32H and the receipt at Ban Francisco of from Australia 37 22 TRUST COMPANIES TAT Atone ’ i NEW YORK closed: 04' Ik Ac 75 Offer 54 00 Wool It Was 1331 BOSTON May 7 API -- Near th of t hr past wrrk a slightly brttrr Mine Assessments Ah TAfTCo Beaver CnpPtr New Quinry North standard Uutoa Associated & U2 7 Market commentators have aald many times tn the last year or so that the stork market Is practically on a cash basis meaning that brokers were borrowing very little to carry their customers margin account This statement appears to be amply borne out by the ratio of stock exchanse memfeef borrowings agalnet eellakeral a of May 2 With the ratio at 1 87 per cent NEW YORK May 7 (AP)Followlng aye a new low it Is estimated by the market most of the sperulHllve observers that the sales doling prices and net changes of busine stock Is being financed by the 10 most active slocks traded Saturday the brokersIn with their own money Stocks in the Spotlight Is believed In Well street that ether large steel companies will lose no time In foilowlns the lead of the U ft Steel corporaBethtion In reducing wsgei end salaries lehem Steel corporation has already announced that a similar adjustment will be made It Am Tel A Tel U 0 Steel Stand Oil Con Oil Amer Can N J Gen Motor Auburn Auto Union Carbide Atchison Woolworth The Ameriren Founder corporation en-- n that It was prepared to pur rhaee for relirement not less than one- d of the total fotirlh nor more than STEADY COFFEE ROLDH number of shares of Its cumulative first preNFW YORK May 7 (AP— Coffee held ferred stock outstanding irrespective of steady on buying by Brasilian Interests "riles st a Hat price of $22 56 a share which was supplied by loal trade houses althouth pressure was checked by firmness opinion transmitted to the New of Rrsrllian exchange York slock ftchanio committee on securiNo 7 contracts opened unchanged and ties u that H Is not possible for the presclosed I higher to 1 lower Bales 3000 Ran ent at least to have certificate of Prairie tog opened 3 to higher and closed 3 Oil and Gaa and Prairie Pipe Line company higher to 3 lower Bales 3000 Closing quo spilt up into certificate of smaller denomitaltons' No 7 contract— May 6 53 July nations The exchanse Is aeeklnf to find 0 38 a 6 48 6 58 December September way for adJuslln the differences between March 0 36 Rmnton— Mar 0 24 July 9 17 holders of th Prairie slocks who did not Renumber 8 08 December 8 98 March deposit their shares In the mercer of Consolidated Oil corporation and the maoaie-meSpot coffee flrmt Santo 4s 10010ft! Blo of the latter company 7s ft ounce d today Lt? Webster Torrlngton United Pounder May 7 (AP)— Cotton futures United Fruit Previous United Shoe Mach zUtah Apex K ents a share 01 $801 000 22 close urnlrr-Io- n S L Bank Clearings While was notrd In the wtol market the Improved sentiment was not based upon ' Frlrisy bank debits any increase of a tual business on Wfxl flame day last year some manufacturers were In the market Saturday bank clearings looking over offerings and trying to sp Only a fei Same day last fear the market situation praise wool Week's bank clearings and purchase wr masUf took touu wwt tttM aulUUle fug toolea BQfrifc 68 674 oo 17945500 $1 2 J Mi 0418! 0HJ 48 9 3MU4 31 corns Root NEW YORK Mr 7 API —Coffe— rloaed firm fair Inquiry Rio No 7 Iftc 0 fl 10 ft r Hanto No 4 Rjo futures closed ouifl approximated sales U00 buna May 6 f5 6 4fhd0 40r July 6 58c fUtUcmber Mann 0 36 Deirmber fcantus tures UoRed qulH approximated sales 3000 May 0 2)c July 9 17ot Aeptember ItoMffitwb IKM Mwx h tlM 6 88 bM IV0OJ fu- I Ore Output $117-80- 0 126 1440 1200 North Butte Hhawmut Akrh RALPH A BADGER & CO West 2nd South 38 35 28 73 Bigelow Ban Fdifton Elec 111 Gen Flee New Ens 9 50 00 04 37 95 t27 95 b28 20 38 35 28 76 Boston Stock List 00 72 50 0O 3 30 100 Utah 041 Refining Market 1000 Utah Wyo Con 90 00 5 Utah Home Flra Ins 14 fin Com 1700 Utah-Idah- o 07 1000 Utah Metals Flux 10 Utah State Net BsnltI53 00 55 00 20 Utah Power Lt 7 172 00 5 Zion's Savings Bank 19 50 20 Z C M 1 1000 Atomic Power 100 Amalgamated Bug Woo Falk Mining JnOO Ind OH As One 3000 Key Btrurturae 300 Kovle Mining 1000 Benrab Oil 37 98 4 70 Bajjkers Brooklyn Trust Central Hanover Chemical Continental Corn Exchange Fmpire OtiHi anty Irving Manufacturers NEW YORK Mav 7 (AP'-- A further ad- New York Trust vance at the opetnlng of the cotton market Title Guar As Trust week-en- d United Hi ates Saturday attracted sufficient renlirlng and scattered selling to cause reactions July contract sold off from 6 90c to 8 84c and closed at that figure with the general market closing steady generally net unchanged to 1 point higher Futures closed steady urn hanged to 1 BOSTON May 7 (AP— Following ars the 86c point higher May 6 74c July 66 84Vi5 Janaales high low and closing prices of stocks 22c October 0 07416 Ofic December traded balurde? on ths Boston stock uary 6 31c March 6 47c Spot quiet middling 6 90c T Am Tel Ac Tel Anaconda WE WILL BUY Hrlish Itadlslic July September October December last 37ttfc27 Cotton Market 19 ArrowhMta patrol eiun Colonial Holding Corporate Old Corporate New Fenton Proves First Beourity Corp Oebo Con Oil Moray Product ' a Paclflo National UI 5000 Unci Him 100 8 300 300 1500 100 1000 500 I 8TUER FUTURES May 7 (AP)— 8tlver futures closed steady sales 275000 ounces Low 4 4 H NEW YORK High No Wall Street Briefs Local Securities Montreal 69 24 Mexico City hai 30 37 (silver peso) 3145 Not— Demand rates art nominal May 1 h WV-Cotto- Crecho-Slovak- In view of the deplorable slump backbonelessness and hysteria exlub a ted however no mortal can foretell what may or may not happen America lately has done its utmost to commit financial and economic suicide One of the most comforting passages in the Bible is "This too will pass” It is more than time depression were given a nationwide push to accelerate its passing 80000-barre- 61ft July 625 65ft 64ft 65ft Production of the Bingham district October whM-N- o 82fte No 3 Ch 58ftc No1 northern of the past week was: United States northern S northern fV 3 Oats— No 3 white 34r No white 31j Smelting Refining & Mining company 5350 tons: Utah Delaware Min-Incompany 550 tons Utah Apex NOTirE TO COHTR ACTOR" Mining company 8 carloads Utah SEALED PROPOSALS WILL BB by the Utah 8tte Building Copper company approximately 8000 CommlMion Room 21 Stale Cepl-ttons per day Belt Lake City Utah until 10 00 a m May 12 1032 and at that time ' - - PARK CITY - ' publicly opened and rend tor Ra- Ore output of the Park City district modeling the Administration Build-- 1 1 27 tong during the week consisted of ing at the Utah State Industrial 805 tons from Park City Consolior School Ogden Utah Plana and specification and pro dated end 322 tons from Silver King Coalition poal planks may be obtained E at the offlre of the Architect Eber Piers 2730 Harrison Avenue Ogden Utah TINTIO for which a depoelt of i0 00 will be Forty-ninof ore were prorequired all of which eum will be duced during the week In the Tintic refunded provided the bidder hae redistrict consisting of 41 car from turned the plane and epeclflcatlone In good order to the office of the Tintic Standard and 8 can from 1932 Architect not later than May said provided further that he has submitted a propoeai for the work TOLEDO (AIN edverttsed otherwise only Toirno t iap— Toifdo arain on herein 10 00 of the track 28 ftc rale basis nominal deposit will be refunded Wheat No 2 red ftlfteibic No 1 red 52ftffio The work la proposed to be fet unCorn No 3 yellow 2944i30ci No 8 yelder one contract the Including low 3flftir39c and electrical work plumbing Oats and seed unchanged shall be made tn etrlct Grain In store transit blllln attached Proposal Wheat Bf5ftc abova track quotatlou accordame with all provisions of the corn 4fttt5o above apeclflcatloiii and muat be made on blank forma to be provided by the New York Stocks Bonds and Silver Chicago Grain Fast Connections With Markets AD Dependabla Service la All Unlisted Securities ol ' 1 e cr 1 Foreign Exchange BERLIN— Continued buying prevailed on the horr-- e today and prices were firm with slight react inns at the chv-LONDON— block cxcliangc is closed PARIS— The bourse will re hiam closed on baturdaya until next November Architect Cash or Certified Check In the amount of five per cent of the bid must accompany each proposal The right la reserved to accept or reject any or all prnpoaala UTAH RTA1E BUILDING W R J HAUORAN Preeldeut BROWN Supt of Const ruction First Publication May 2 1972 Public uoa May U HAO Lt K WILL SELL 2000 American 9 Fork Gold $ Mining Units Colonial Holding Corp 100 Corporate Trust Old 100 Corporate Trust New 100 Fliet Beciiritle Corp 100 10 Elk Bond Pint National Bank Make Bid 3 90 Ogden 100 Fundamental Trust A 100 Nsklon-wld- e 20 National Parks Airways 2 S Life Pacific National 95 450 73 00 2500 Benrab Oil 300 Utah-Idah- o Sugar 100 Unrips B 50 Utah Oil Refining Ofl 15 2 55 3 40 Mi 50 49 00 Utah Power is Light 7 Utah Power Ai light ( 1000 Utah Metal Plug Jl3i 10 Utah State Bank Maks Bid 3 ’ ' We tier Davis Canal Make Bid 10 Z C U L 3000 10 2 WILL BUY Offer 50 Am! Btigar Pfd 3000 Diamond Oil 2000 Ind Gaa 4c OH JH barings is loan trim Mutual taxi Kmle Utah Power Utah Power looo Utah Light Bonds 10 10 At At As Offer Offer Oiler I 7q Offer Traction Offer L It 04 4 It If It It It |