| Show - A - - - - : - co Ell THE SALT LAKE TRIBUNE Sunday January 18 1948 Plan to Abandon Argonaut Recalls Great Rescue Try By OLLITIMER orb resolution of the board of directors to stockholders to dissolve the Argonaut Mining Co operator of on of America's deepest and most profitable lode gold mines because of high costs and the price of gold recalls a history of litigation fire water and one of the tensest but fruitless rescue drives in metal mining history The Argonaut mine near Jackone of the first on son CAL and is credited Lode Mother the with having produced some $25- 000000 Located in 1S50 the mine not systematically developed until 1S93 The Argonaut and the adjoining Kennedy mine were deep and s heavily timbered with square sets to hold the htavy ground Fires were not unusual and only two as we shall see were calamitous At one time over half the underground crew in the Argonaut mine were Um be rm en Ulna Big Suit Not too prosperous at first the mine ran into real Argonaut 1909 when the Kennedy trouble in Extension Mining Co brought an apex suit against the Argonaut claiming that the Mining Co Argonaut lode apexed on Kennedy Extension ground This suit until 1914 when drageed along came out the winthe Argonaut ner—but at a cost of more than 1100000 in litigation costs Next In 1919 fire beyond reaonable control broke out on the 4000-folevel of the Argonaut mina but apparently was confined Li sections of the mine between the 3700 and 4300 foot levels But ot LAIT-A-DA- !tx! The NEW YORK Jan 17 stock market Saturday emerged ' 11 from another losing week the 1 4 :':: : slowest '::: stretch since last May with mild recoveries ap:::'711':: pearing for selected favorites although rails oils and many lead1‘)1i '': 10b0 ers remained in the minus ranks :: Timid professional short cover-and other buying cropped up ing : 1: ci0)-ii-1: rail-en- d of the week on the the at : 4 ' :' t '' t ' 14 '''' Wei ' ' the recent Iiisit'l PT) ' ::"1 ''''' lengthy decline : ' :::: ' y : I a called for rebound technical J - ::'rk(1i3 77771-- -' )--on however tradFrom ::'::':''-''''::' Monday -4 ::::::::---:ers trimmed accounts mainly be1 : 4 i4-- ::::: :: 4 cause of pessismism regarding 4 4 11"oloct: )::-''!Ir lezi40Ntip taxes long-terbusiness EuroVk 77:110 -' " relief and possible rationing 4 pean '5:)17:---'''S 1! ''''' 1P En: and price Control moves by con:(1ie-Brokers reported that the ( ' gress trr::::21-public virtually was "out of the -''''' 0market" 'l I A( ::l'4:r'11c-- v ? In the final apathetic session ''''::4:: 44N:4:s :t'f:::'::''? rails slipped as a strike of brothX t ': ':':i::::r:::erhoods threatened Motors were ' almost at standstill as a new round '7'''''''''3::4:::'777'37-''-' of wage demands loomed in this : A :::: field Declines of fractions were " a shale in the majority at the close Follansbee Steel one of the ' weak spots lately as an investigation of a purported deal to purUtocki rights rtmentsi 11ris catures chase control of this company proceeded was off 7AI on the day at "I might as well have stayed home with Sis and her boy friend" 284 but suffered a net dip of 9 for the week points The Associated Press composite was off 1 of a point at 643 for the Saturday shift and on week was down 14 points DOW-JONE- S AVERAGES the NEW YORK STOCKS recession since the final widest RATURDAVA QtlYtATIONPI (Furnished by J A Rolls it Co members week of November It was the of New York otock exchange) 8TOCKS Close Change narrowest Saturday market since tow Hight Not Industrials 17759 17691 17724 Up 09 Nov 22 Of 684 issues registering Salmis in iSalesi High Low Cos Chg hundred Rails 5124 5101 5102 Oft 39 250 fell and 244 rose Volume of alv 2841 2i 26 Air 3331 3325 3329 Up 12 300000 shares was a bottom since 3 3 3144 Reduel 44 4 63 Stocks 71 2811 6392 6368 6377 Oft 06 Nov 15 The week's aggregate of 24461 2 8 4 14 Bonds 3 14 3614 41 36 9800 Unchgd 4616550 shares compared with ltlfc Commoditie's 38 12 Oft 38 7 its ts 28 Am Airline 5178088 the week before and was 9 IN 2i 79 79 Am Can 4 1 31 42 14 y 42 a minimum for any Am C r period 11 9 2 261A 2914 Am Distill 44 since that ended last May 10 191 1614 Lockheed 11 22 161 22 22 Ant Loee 4 14 Laowe In 111 1714 7 V 7 Ar 1 8 16141 17241 l:'::::- :: '':l::1:::E - six-sessi- '::::::::::-'- - -'- - --- 7--- :! : 4” : :: : '''':::-1-:'-:- Stock Market S L 4SATIADAV'S xOris-o- t uttion ALarcit St43ciar4 tntra1 'Lk:Eliot Con Aay too alivor Leotorati et Con oiumotle toast! acontoined Metal liCarriat Losittion titan "Con Crawnt 1agat Crtif I 043es - Lead Oi:i Point 06 05 16 13 18 03 03 0414 08 16 50 01 111 34 04 attired& huliott ziaureaa Lit' Con It ortaa Mines Koreas Ktanoard Gobi Chain Joie nd Liwooet t Great Waster"' 'Horn 81 ar "Howell Indian Quo 18 31 07 to" 26 03 03 14 10 24 11 01 11 02 23 ::i:':::::::::Z!-:711471- :: STOCK MARKET QUOTATIONS 08 27 05 04 12 30 - I IA 101 4 — — — ! 111 141 PC! — — no — 4 — P 10 151i 1 tit-o- t 1— I 444 PI I ISI ere-nr- e 4 4 1 I A r a I ! I I 11' 111 4- 1 1 01-4- 1:versharp Fairbanks Ferns TLP Fruehauf T Gen Cable UNLYSTED STOCKS 14- -3 fI--2 6-- Use 7 22 4 45 Su& Aar-Pr- arna la rund 74 a Serf 11 PI Fund We ‘r vett Fund N See Prtaw& 1 2 Fi I A ma 1r Ou Cori Wax it Ptah FIN xtn KZ C 667 1451 2564 1747 9 90 1465 479 1415 7 94 P & Pfl éfar Claw lida-o- I zOperrating Alt Bid 8714 48 9124 8d) 00 22 50 80 00 0 Pro 22 00 Cool AAkod I 1500 Gt W flux Greehmind Gulf Oil Homestak - rAlle'V'er 30 50e 21 ft0e 15 00e rcier zcI 17600 p019094Wo'ogrOMIV0"104WIwern:Awowohoposooltworinovpvo"opmoINVOWeArww" - !r-r7ILA- v! ' r 23 21 11 644 54 s51141 !V 11 ' Kreexe 8 Lib-o- GI L MeN1 L I Lit & Myrel 11 '' ' :z '' Tit — ' ' o- - :2 I'Sc ' F ( 11 ' d '" ' v" ' t: so141 2941-4427 14 14 141 514 A234 4 — 14 47 3714 44 : LI 5111I 14 8 9 8:t- - 531 8 9141? S 9 till ' '' 11 674i 11 52 231 18 Cp 6' 4 2 15 & 51 14 51 15114 do pfd Mont Wrd Murry" Cp Nash-ke- l Nat Avia N Stamm N Cash lig N 1)atry P N DintIllra N Gypsum Nat Lead Nat Supply 2014 1814 32 22 13i 1414 31 31 21 51 N Y Cen N A Avis No A Co No Pacific 411 Ohio Plc 0 E Packard Pan A Air 1894 9 341 1614 1944 1944 3014 4 944 30 35 41 35 434 35' 9 16 2014 Para Pie 20 1 2 Park Utah Parke Liv 3 31 3 4034 Penney JC RR Pnn 121 1814 Pepsi-Col- a 2234 21 44 Dg Phelps Phala Else Z 2214 Philco Cp 11 3024 Si 27 Philip Mor P 8) 5834 Phillips Procter G 2t 69 41 21 Pub By NJ Pub 8 NJ8 10133 11 52 Pullman Pure Oft 251 2724 Radio Crp 9 Rem Rand 14 Sleet 2344 Rple j Rev Tot '12I 4014 Selemey Sti St Joseph t - 2 2014 43 Sehentret DI 51 2914 Pears kosb 111' 3514 Serval Inn I Z 1144 NI 3014 8immone I tSI Sinclair Oil 1674 Routh Ey Sperry C 8p iegel & I nn Std Q El 84 Pt el Oilpt Cal Oil Ind Ptd Oil N 8tone & stud Cp Flurwhin MI Telma Co Tex G Pr Tex P L Mermaid Tid A Oil Timk it Transamer :31 I P I Cp Twent C-Underwood Un Carbide UP Oil Cal C Unit Unit Unit ::!:: 133 13 25 40 20 43 29 35 14 25 31 31 1 5 1 22 I Walgreen Warner Br West Union Wst Air B Westing El Willys-O- 32 4 2 20 491 99 54 43 45 76 31 124 20 v 3541 1414 1644 16481 1412 47 24 4714 37 374 23 23 9 14 - 4 9 224 224 5014 3944 734 14 14 - 10 - 20 34 914 2144 4934 1211 1744 - 58 24 14 14 44“ 44 4 14 A 14 14 14 244 5414 4414 4344 45 7514 314 12 20 37 29 2014 99 24 1744 2614 214 5444 4414 43 4544 7544 3112 12 20 3714 26 48 46 12- 86141 741 211- - 8 141 114 3914 731 491 - 4 - 11 - 4 4 - 8 - - ' ':--: ''' '': ) -"- '':'''' ' : : " ' 14 14 14 14 44 stock sates Flattirlay 300000 tehares: prevtotta day 760 000: wreak ago two years ago 3g0430: yearJanago 1 787100 to data 3049260A two yooso ago ago 12974390 ' 37900 30999167 NEW YORK BONDS d—: '‘"'sd ' i : - A ' 1 ' 7 - — ' dat : SATURDAY'S QUOTATIONS Di ISalool 0100 abr 3103 ½ 5'10114 2 1164 00 MON &Lisa In 104104160414440144400- 444(40 idei"444 00WooA4 - 461044444446414444444444doW Adigoolo464400do44144444"060014444 Cora- Juli an g' r ' Salt Lake '3' 1 0 - INCORPORATED i 111) A ' 273 26614 262 2 81 25s 12I14 May Jul!" 101474 Sent 984 Dee 04fro sbet toy 1t r 43a 4101 Mv - awl Mot Ch Open 1 1— AtInt41 5 s514 23934 Sept Dec ) Otto— 1934 Fabricating Plant that serves the entire Intermountain West t' 14117 July Sept Dec since John Lang estabrahed the first Electric Welding Plant in Utah-- - a one-ribeginning that has now become a great Steel - Mae k 281 Dots° July Lard— 21 Mar 21 Mite 24 In Jule Sept ( AP tett Oaratood more Tel 9 $ea CiteMOO TW On t - ou r pound tribi p0u54 jo ng norm 417 a "2782 273 2661 262 25914 24074 194 121 34 1014 f) Aig 94 34 711 414 7:101 428 20100 Vi In 2711T e 269 262 259 YORE 193 127 107 14 44 97 9414 r 11 1 t ' -4 '' 111 2760 27 R5 3770 : -- low-goo- d b b congress 1$ wEElax - 4-- --- 4- - : '41:''' ''' METALS Tri-Stat- rpo QUOTATIONS 'Sales! High 10401 cies 200i SO li 50 si 5034 Comsrltb Edison i 1001 25441 2834 2534 56 55 100! 56 — Gen Motor 3001 14 14 r 11 14 14 14 Mid West Corp Total atonic vales Saturday: 8000 shares bond sales non IgAtrIDAY'S I I S L BANK CLEARINGS - ' r - - -- 7 ':1 : f tif''' r' b 21 y7 - Ai i ( - - ' - : - l ' - I''''- : S'LI'1 sNs t 1:1i ' '7' ti i J - ' 'ts 1 ' 433 ii 4'21 14tita44a f 4 4 a044 ' - I C ' -- 1- r 1 f 441 1 ' e t 1 '?"' - - :t a 3 4 7 - ' -1:: - ' PI(1 i - il' ' 'at k I r) I 1 - - II L -- ic::: : t --4 i --- - - - NS:7'':'A ''' i :: 7:127:S'2744:: 1:7 1::::::'-:::'':::::::-1-4- 4 I: '''":ftli'::117:t:1::1N1- ' '14:"T't1111-'1- ii 1 ! m r 0 "i - ' MINING INDUSTRY 4 1 - ''' ' ' : '?' '::'' : ' - : -- 1 - I 7z J e c! 9 e (07:F1'inr 16:1 ' L 7 i ( tiCo i ':- -' ' A 4 ff TIE 9411 Aai4 - 0ZJ f ft ?1 !'°- - Ji Illt1 0prj 1 0 t I—40gt ' i I t k í 1 4 t - - ogn (2--- F ray - 4 ' ClgOr - A c11” i —'1' OF UTAH 04 4 1- -4 ' '''''l - - 1F74- - '''''1'6"47 Ai1A4 40 4441 Ak" - '''' ir ' — - t — — i "There is opportunity shortIn raining The of age down metals is holding automobile production Genthe bead of says Motors" eral METAL 27A7 27 A 7 27TO tbisag 3 t i Sr:r1i non-ferro- us 9414 1111otto $eed" Latit(la Stroll " -- - 414 A— : illoonteeti4 Of 136 f i 1 -- laskors Assoronelo Compan7 y—---- t- 1' 1640"'"'''' Trost -1 ' t -- 1 Mao! Runt he eerie 64 71"""'""""""----7--- - O $170001800 Stains k I - Chart 5 Rood t flormi timr ( 1 WI Associates on November 191929 Pursuant to Dem" entered es November 24 1947 in ebe Circuit Court of Cook Comity Moon in the teas of Winger et al V Chingos City Bank and Truitt Company et al notke is hereby riven to all persona who Wore policyboldeee of Illinois Bankers Lite Association es November 19 line ibild whose policies are no kmpre is tarot that they ere entitled to reasimi ewe abate co( the on pi tel Moak of Illinois Bankers Laie Mammas Compaury for elicit 190000 face amount or fraction thereof of has stirance in force ou November 19 1929 in Illinois Bankein Lido Aametation es o boes by the boobs et either of said eciespeniam Ail ouch 'persons tiNtaiking I OWNS each shams moot file PAM oho widaletned proof of Mauna in written OD forme procurable from the under slimed on request All soak pereces who fail to file ouch Maims within twelve useethe after tho bun publion Sou of the notice shall be forever bora red front filing ouch claim or Wow milieep---timilab- ie - C) 1 policybeidese minots Illankre ' - - -: g riOT:CE et Ts '923956000 i ' - - I and testier etas $100 higher: Stocker higher closing glow opened 50c to 75c 1112 arid 12801b fed wimek tope choir choice 1443 iba 63800 and steers $3000 $3750: oltoic choice 1055-1- 1 woights good boi fore $3200 good cows 523 00 clu-nvomiters $2500: steer beef bulla $2150: feeder ateore 111050: choicocalves fleshy halter choice rawest $2875 And glowing top good bulk $2800 fedlimited 43100 steers t3450: choir medium to good steers 32750U3050 $22 0002700 good liov good oriort-trod- s corrunon and fed heitrs $2550e24 00: cows $1825 19 50 canners and medium oohica arid I cu t ra $1450 111600 gotu steers $2 4 00 21m00 tocitr anti foods? anti total 111110 COM' last wo8k Laughter pit NO with icriday woo 41004 lambs 50c to 75c hignsr replacoment 125 higher yearlings scarce: wooled choice stock fully oneady: good and bulk from 2575: lambs $2500ft laughter wook's top midweek On 5255042575: around for 25 load averaging $2575 paidMo: toed 02-1-b Ontorado's car110 to 11 wsobto mlium end $2525 tato rytrig Iota kin medium arut good wool odd fed cities to 2500 mostly god medium $2150 awl fail otiorn pelts $2400: deck No 1 and foil good 814b fed Texas clips load two good and shorn pelts 52200 choice 118 to 112-1pulp fed ewes $1200 high4immt locally in at latter price 01225: odd Iota natives $1200 !coot 24 years run down$000 late packago neveral loads good and chows 64 to 75-1load 53 lambs $2100 ft21541 feeding lb shearing $2200 load flemhy 89-1- b lambs $2450 few bred owes 11100 a 1250 17 PORTLAND Jan H000—ktaiablo and tota) stone for wek Datable 1225: total ftso0: arly traria and most of wattles suppiv sold S100 highmir cicuming only about 251 higbr top and bulk 185-23ilia of gond and °holes grad and $30 00 let galas 12025 heavier $200 to $2 50 ligther weights or more good penaltzed arid enemies loodor pig la narrow d MAZK1 eows 2600Q 2700 S2450V 2550: early solo to $2600 wk I e 611120702 kg 465771402 l't 04565t46130 dbita 'oar Irrtday's bank Pama day last ' ? $103431047527 6325475 14aturdaY'e clearings Flame day last yeou Weekis elartnits ammo wPic last year low-goo- C---cer-Fr- - I Borg-Warn- low-goo- ¶ i Did you know that George Washington was the richest presi dent of the United States and that the average life of a dollar bill is six months—even though it isn't worth much these days and- that California commercial fishing produces more annually than Alaska and Massachusetts combined with Los Angeles leading any city in the world selling fish? CHICAGO STOCKS - high-goo- sine ' 4 trike-ridde- porn-pare- - ''''''''' ge all-tim- e "- 1 will legis- world prico NEW YORK Jan 17 (AP)—Copper British-Dutc- h lead and zinc demand continued brisk thin week with indications it would hold through monopoly at leaat Nonferrous mrtal prices February were firm Wall Street is the scapegoat of Domestic copper sold at 21111e a pound Moscow and Washington delivered Connecticut Valley Nuns Foreign red origin copper sales ranged from 211ec But if there's anything politicos pousoodoktiong21340fcdNomeweattyaorkoopbyeaser Wall Streeter for 3Ito - worth knowing 112around uary ehipinent have reached more know it 000 tons and the trade said probably woWd be liought And Wall Streeter aren't' im February orders ware aiwcted to be at the same high level December deliveries totaled 113446 pressed by General Electric's $500 to 10 ions compared with 106232 tons in Noe 000000 voluntary 3 Yembr The 1947 apparent coneumption set a peacetime record of 1383668 tons price slashing of electric applitons in 1946 ances compared with Of1260921 refined copper totaled Production The financial fraternity agrees 1947 compared with 1196393 tons in when the industry was 604071 in 1948 was good publicity but notes and with 1208871 in 1943 It most items price cut were that the peak war year were Lead cousumers emwriplained they Unabia to boo orders for February deity household appliances ry sufficient to most requiretnents Soros High foodstuff costs have re southeaatern Missouri mines have reduced duced sales of nonessential con work Output whil pushing development lead wee reported Ruiner goods Therefore consumunderground at Foreign a premium although the ers aren't purchased easy sales marks these 14 la official pricia wax still quotod at a pound Gulf of Mexico porta The price days of domeettie lead was firm at 150 a pound And with the electric appliarics New York e concentrate pro postwar output running double the 8018- - sine of trio in for a raise pile (hirers pushed prewar volume present high prices a too some wanting SSO a ton $7035 Prim westerni1t lint continued at 1014ie are being pinched Louts a pound ilest origin Foreign Wall Streeter wonder If the Gulf of sine held at 100a o a pound Mexico Porta General Electric move isn't a condoThe AnItirtran Zinc ituttitute reported by U FL smelters In fession that dealer inventories are nyeries of slab sine 790 December totaled 72151 tons against The U 8gov- - dangerously high 789 tons in November That being likely warns the ernment took 2923 tons Of the total in Docember and 10510 tons in November newsProduction in 1947 totaled R48027 tons nancial news confidential in 1948 and Chip- letter the stock market's irritatcompared with 7593401 ments aggregated 955816 tons against ing price action prognosticates a 842937 in 1948 tin not-dista- nt co The Tin Producere Assn estimatedtons r a t profit as 107700 in 1947 long production It said 1948 plunge in 1046 against 90000 abotild roach 183000 tons as production eastern more mines return to produc tar Dalton Sawyer Regan Co Lion been producing fancy has The combined tin committee allocated Mass 17703 tone of pig tin for the fins half woolen textiles for men's and WQM of 1948 giving 13 the United State 10200 will aiso get about half en's wear for 40 years Now that tons The U of 13olivia's output The price of tin was unchanged at 94e organization is going out of bust a pound a dras- nes& Washington te expected toby issue Mr Henry S Sawyer notified the end of tic tin conservation order use of tin plate in the 125 employes that because of the month to limit the for the production of cans partioularly unsatisfactory demand and unbeer coffee and vegetables Other prices Unchanged during the Ireek favorable prospects operations included: will close when orders on the books Silver--74 lie an °titres 14e in a 15c ingots pound are completed Apiturmsinum-This belies the bunk stories isa pound eased New Antimony-304- 03c York and 35c bulk Laredo Tex sued by government and private e el—:3 a electrolytic 3 24 pound N ick business economists that the pubcathode wholesale $69 an Mine Platinuttl—geod lic is spending freely for good ret ail a flask of 76 11544 Quicksilver-3- 80 quality goods a ton Tunrston ore--330 1 - 97414 277r1 0 - 193 137 4 127 at 104 27$5 2770 0750 0 4- 23914 425 $600 Moreover reach an annual pace of 1600000 tons and s3rnthetic at 1400000 tons Thus It's obvious that the rubber long-ranprice prospects aren't favorable Tat'll be so only am long as America's synthetic plants ars ix use so aa to prevent another late govt rnment stockpiling of some 600000 tons of natural rubber for national defense—and at the same time help rehabilitate Great Britain and the Netherlands "7"""'""1" San —ae toad Settlement 1050: copper prices 21200 $3124 41 427 425 $350 01000 O(T)EN Jan 17 Salable and total none for week salable ago butcher 759 compared with a weeksows to steady hogs : mostly 1100 lower 200-26built of good and choic weak lb butchers early $3775: lete 280-30$2750: 0 lbs with hulk 260-25- 300-32$2700: 5 bulk lbs lb $20100 now's $2650 2350 choice lightwelgrita 322500 above and $2400 Cattle-Sal- able for and total none Weak salable 4205 compared with Week of cattle about :deafly ago moat clot:tees common cows fully 500 except canner to more lower spots off very brisk demand for slaughter cattle from west coast one load verags to good 1079 lb short fedother low to averageIdaho steers $2750: es 2725: medium 32200 good 12550 common ts 2150 good 2600 $1900 heifers 2400 2475 odd head common $2500 bulk medium $2000 2375: $17 ao qs 1950: 2 carloads good cowe 32200 0 $2165 few on heifer order 2100: medium 2260: $1900to0 common cutter 1850 0 $1650 canners $1350 down good$1400 eti 1800 beef bulls $2000 02160 odd $1200 bulk but 111700 medium to good souse bulk good 1950 common down to $1400: st 3100 to choice Yea re $2800 odd head $3200 ip 3300 medium $2200 ty 2700' several load choirs feeder steers megood $202042710 dium to good fosidIng$244002570 heifer $2100 0 23 50 on load choice 390-lstork ealves other iota $26250 2700 around $2800 10 loads stocker and feeder cows $1700 tp 1890 with freight benefit Sheep-Sal- able for and total none Week: salable 750: compared with week lambs weak to mostly 50a ago alatighter Iowa? onus load strictiv good and choice 106-l- b $2500 with slaughter onelarribe benefit carload good and freight choice 96-ltrucks 52450 without of much freight benefit odd lots by trucks medium $20 00 0 2250 $2300 02350 good and choice ewes quoted $900 0 1000 DENVER Jan 17 ( wan Friday-Ca- ttle: red steers and heifer's 25 0 50o lower average cholas to steers medium $3300 load nign two& 3250 these "2600 03165 freight few heavier carlot top 2910 paid 2900 medium to choice $2400 02866 many small lots common to low medium $1900 0 2300 beef cows steady to 25c lower: top $2300 hulk common to good 02100: canners and cutters most$1800 to strong hulk $1460 01700 bulls steady ly 250 nigher: bulk $1800 02200 practical top 2300 but some $240002450 calves and 'feelers steady to weak practical top $2700 few $2800: stocker and feeder steers and heifers moistly 25e higher common to choice steers bottle up more bulk medium to good 31800 02900 best heifers 2300 02750: $2490 2500 cow 50c or more higher common0 to good 51400 01800: Young cows most calves steady to $1850 01900 strong choloe 50c higher practical top steer calves $2900 compared heifer calves $2750 Hogs-Com- pared with Friday-Barr- ows and unevenly steady to 50c lower sows gilts under 450 lbs steady to 25c lower few heavitir weights 25o higher good and choice 180 to 310 lb butchers at high time early $2850 02900 closing top $2765 beet sows early 12500 closing limit $2425 : Sheep Compared with Friday-Slau-ghter lambs :steady to 500 higher most advance on good and choice week's and closing top 52600 freely other good and choloe 32500 02575 throughout medium and good 2300 02475 little below $2400 ewes steady to 50c mostly 255 50e up good and choice 1050 01150 e la tter high : common to medium lamb 141025i $400 feeding steady to 500 higher two loads good and choice 77- -lb and one42400 high : one Idaho half loads good and choice 81-l- b mixed fats and feeders $2385 others comincluding truck-in- s $2200 mon to medium 40 to 55 lb lots $1500 019 00 CHICAGO Jan 17 d Salable 500 total 6500 (sett:hated ) week ago barrows anti gilts 25 0 75c lower least deolints on weights under 240 lbs : owe around steady comCattle: Salable 500 (estimated d and choice pared week a go steers and yea Hines closed $200 0300 lower: in c instances $400 off On low to avrage-choi1300d to 1800 lb bul- common tO locks grades however strong to 50e htgher common and medium heifers also strong to 50c higher but rood and choice gredee closed $100 0 200 lower cows 150c S100 higher bulis strong sealers $200 lower highrboice weight v steers topped at 54050 top heifers $3600 common to steer heifer $2200 tt 2650 comparable d but high-gooand choir 02500: $2000 n4 yearlings closed at $3000 0 steers 36 25: most heifers good and choice closed at $201 fiö 031 00 cutter sows finished at $1700 mostly $16b0 down good young beef cows to $2550: bulk weighty beet cows $1750 02250 heavy sausage bulls $2250 down vealsrs $3200 down with culls and common $1700 2100: stock cattle strong to 500 higher at 62250 with meaty and fleshy good to 02650 choice light feedera at $2700 0 2660 Sheep: Salable 200 estimated ) corn- p red week ago slaughter iambs and ewes 50005100 higher: yearlings very scares: good and choice fed wooled lam be 105 Ilve down $250002600: medium and rood woolnk in a 32300 0 2500: common good and choice 92 to 02000: $1500 101 lb fed :dipped lamhs fall shorn cells $2550 02000: common to choice slaughter ewes 31000 01300 OMAHA Jan 17 ( and total none compered Friday 25c to 75c est week barrows and gilts lower: bulk to packers 50c to 60c off wet gh to over 300 lbs most ty 75c lower: wows !sae! to 75e lower bulk harrows and elite 180 lb and up for week $27 rto 2a I'M: part toed $2575: late ton $2775 Milk sows S2500 024 O sparingly latii is and tot al none: enco- ca tt aturdeb e foe veers red Friday last et Goers weak to 11 00 200 lower good tort-faclosed 50c lower medtum lower after a stronger early' trade: betters 500 to $100 lower: fat cows 250 to 50c lower twin nem sod clutters weak bulls steads to 80e higher: sealers strong to synthetic rubber plants 101)4 cnnos 2574 2 574 loaf 4 So pent-u- p 1S- 14 (151P)—EoltowIng are Saturday's custom smelter prices for delivered metals (cents por pound unless otherwise designated) t de!ivered Copper: Electrolytic w York 2114 2114 sport tas 2114 Co b refinery nomina casting lake fllivoreat valley 204 Lead: Common New York 15: Pt Louis le SO te1445 foreign gulf porta 141A) nominal Zinc: Prime western N ow York 1111 Emoot St Louis 10 411 foreign gulf ports 260 25714 257 23914 ddo 1" Rubber experts are that after demand is isatisfied 'Unita NEW YORIC Jan 17—Predic-- 1 ed States consumption will level tion: Congress will add a year of tons annually and 900000 at off life to the temporary rubber law at 1500000 anworld of the that 1 thus' and that expires March 7" continue operation of the govern- nually—natural and synthetic can natural world But output ment owned 700000000 war-bor- n By LOU SCHNEIDER $1900 02150 strictly ftmedium ItC)04 S1500 1860medium COW $1Ofl421OO few $2150: $1650 01850: cutter to common 1350 01550: canners 31200 01300: good beef hulls 1850 0 to 2150 mediurn $1600 01800: good chola: vealers $27(X 0 30 00: medium common 2150: $1800 0 $2200 ft 2600: culls 31600 down good to choice 'docker and feeder 'steers also calves of COMparable article 32300 0 2600 Hogs-- For week: salable receipts 575: with a week ago butcher hogs comparedS100 lower sows stead v to weak largely hulk good and choice 20n to 280 early lb butchers $2775 closmg at $2750: lite hulk 260 to 280 lbs $2700 280 to 300 lbs 112600: the $2650: aoo to 325 hulk heavier $25 00 ft 2150 weights owe $2250 2350 choice lightweighta $2400 Sheep-- Iror week: amiable receipts 406: with a week ago slaughter compared lambs mostly 50c lower ewes atady: few native fat good and choice trucked Inmedium and lambs 32300 2350 fiat: Choire And '2260: good good $2(100 triediUM 5rEvrALLi MARKETS NEW Congress Ready to Add Year To Life of Rubber StAtute NORTH SALT LAKE Jan 17 (Uta)week salable reUSDA) -Ca-ttle---For 552: compared with a week ceipts mo t claesee steady however cows weak to mOatlY 50c lower: bulk Of slaughter steers consisting of medium quality at few good $2500 02700 $2200 02500 common to $ 1600 02100: medium TriPelitint to good heifer' 0 2450 32200 COMMOrt o :t 269 263 Si: 12-eac- yr- )— Low I 50214 notallet) tut °radB A—Large55 a Eno:Ultra 59 0 SIC 61a Large 0 grads GRAIN FUTURES Jan 17 9 (Wbotamator to 5 4 0 PRODUCE MARKET 239500 o' 5 : SATURDAY'S QUOTATIONS Salibilli High o o ooo gales in 100e Amor Superpower 12 1316 44 1 Mt 21 Chief Con Mug 1 1141 Cities Sonic 41 3614 38 36 Donn loon 11fg A 3r 1014 1014 1012 21 10 El Bond Ss Share 10 10 Mtn City Copper lela lyte 101 lI 4f RL et Pow Nies flud 31 11 rochnicolor 11 11 Trani-Lu- x 6 6 Utah Idaho flog 314 312 312 aim Total stock 90000 Saturday shares year m 222865 shares Satter Al ' NEW YORK CURD Ntnety-thr- rto 4 NEV YORK COTTON NEW YORK Jan 11 (AP—Cotton futures trading was moderately active SatUrday with the market firm Trade and New Orleans buying en countered only limited offerings which wore generally confined to week-en- d profit sales were ale artekarent takingtheseHedging were was presumed but it some of the buyinglight in woe) connection with sporte ot American cotton to Japatt and Koro rutures closed 750 to $123 a bate higher than the previous chute Total 1" 1 ears Kennecott Copper Corp 950 n daily average: U 5 Mtn0 6400 tons: Combined Metals Refittetion Co 385 Eureka 5 carloads Centennial Eagle2 & RBluebell L Carrity silica 4 Eureka Lease Lily 10 Bullion 14eck 2: GiEMInt 2: Yankee Coneolidated 2 Dragon eflnoniltiated 1: Mountain litow 1: Citirt Consolidated 2: Coloradp Consolidted 2 Park City New Park 1550 tons Park Utah Keetley 550 Park Utah Consolidated 685 Silver King Coalition (coons) 345 55-to- 14 14 I 11000 Am FP 5 2030 Am Tob 3 69 411 95 et 0 2000 X aArmr : 4 do ev 412s 2010 91 404 4 CidSPP Inc 41to 2019 5 66 do cv 4140 101 56 Li CRIP r 4s 34 2044o" 331 6112 CI UT 44711 77 6 90 :11 1)&11G99 3o-- 4 93 11 6312 11 Etna 4149 2015 664 : C 46'41I 111 60 '4' 22 256 )Lo P 51211 40 Ng do 5s 76 0 101 7512 co g 4a 75 35' 37 71 7712 4 r 54 2013 IA de4442a 2013 Am 2011! 70 do en 41 9111 66 Now P 39 2047 2 864 Ohio Fl 3 74 21006A 41 L $W et 5s 00 11111q 4 1 Wait Tin 4 50 951 Wiz Celt 4s 49 15 7312 - 141 1 Total bond sales Saturday S15q0000 previous day $4740000 week ago St 5100o0: year ago S3093300 two yearsaro S4454000 Jan I to date 11447502041 year ago S75410000 year ago $75410900 two years ago $124- 4 1 311Ingharn 29 99 24 17 28 3741 I 28 44 5 3 48 1 86 4 74 21 Woolworth Wrigley Jr Young it&T Zenith Rad 40 6 2 0 14 4 44 43 24q an a ORE SHIPMENTS 4 - 4 4 4 204 43 'Si 421 Airo Cp Fruit V 8 Pipe& 8 Rubber U 8 Smolt LI 8 steel 24 114 311 30 31) A 14 2 IDAHO 274 274 ki ga14 - 211 4 Air L 52 20 1024 55 20711 2044 34 'Le 3424 94st 912 2144 50 2 14 1214 17 16 17 5 A 3 9 4 4 11 894 2112 - 133 52 10 201i 3012 s 54 I 'r &WA Tri-- 2 3114 4014 1814 22 4434 2234 3 ki4 2724 5812 891 2114 22 1614 41 47aL 3 3714 71 2344 61 912 24 31 50141 22 7330 hi111 4 34 tiorouy-Vae- l Rout h Pao PALLS Jan 17 (API—Shipping point information on potatoes for Idaho Falls Twin Palls and Burley ectt tions: Offerings rather light for best stocks: 17 13 light wire inquiry demand light market Pew prement shipments are from dull 4 304 40 Pew shipments rolled unprevious males 2824 'girt Bales fob shipping points (cash track 2024 24 basis): Too few reported sales to quote 18 24 Wire sales fob shipping points and 32 21 delivered sales shipping point basis: Very 14 few sales In 100-1- b 1424 sacks Russet Bur9 No 1 waahed small size A U bank 1814 to fairly large $4000425 mediums 19 unwashed around 34100415 3014 - 41t mostly small to large $3831P400: U S No 2 35 grade washed and unwashed utility - 4t and in mixed cars 13100 315 occamostly 9 MiOnal higher and lower In 10-1- h sacks 20 U 8 No 1 size A washed $4550475 2 te occasionalunwashed 463 3460 cwt 31 14 mostly $455 per 4044 - 14 ly Prices to growers bulk per ewt: 18111 continues rather light account of Trading are 2244 most growers bolding firm Few sales 4414 - 14 dependnig on size condition and other 14 factors U S No 1 $3150340: mostly 22121 3 0 14 ?i around $3250330 very few higher sales 2744 reported 5812 44 1624 1344 3014 40 2824 2014 18 24 32 21 14 St 2814 POTATO SHIPMENTS 4it 24 14 514 40 31 - 4 151-icJ5- :101 it 11 14 18 18 17 13 41 11 67 18 52 5244 444 CORPORATION : - 22 ' ":c : k ' - 414 41 44 71"1 $9 Mission 0 i i 4— 4 414144 54 ' 44 514 20141 ro"eww7mr :' '' 40 14 40 29141 2914 274 2 7 4 6' 3014 ! 15 A114 :1?: fi' 3l 47141 47 21 3741 37141 41 53141 21 7' :-t- 54 2144 214 104 II 6 4 14 4 4 44 40 2' 40 341 514 2914 204 2' 4111 414 141 4 3 9 14 n9111 331 141 111 ?:1111: 4 Star Cm Mrtn OL N 'Unit 173114--iii 54 44 2 5 14 1714 54 2 5 44 21 ' ! :f — 4 I 1114 ' i i 7 220 I1O0 3' 91 71 Central Interlake II Int Harv Int It Os Cli Int Nick CI Int Paper Int& T & L Steel i I Kennecott 51 1115 404 2114 2! I 114 41 14 - 22 22 21 5 41 III 1 1144-1- T 21 A- 1 METAL QUOTATIO2SS SO 225c 31 Man! Hud luil Motor Hupn Cp 1 25 Au 2114 $ Goodyear Gt Ey of QUOTATIONS Bid Asked 18 8 SO :3 8 25 arnalg Sugar COEd 8 75 I do pfd 910 6- - 50 6 00 Irquity Cat Corr inrit 5400 832 laeurity 1 20 1 20 ndo ponder t Cosi 14 f50 Mountain rust 8uPPIY 14 00 91 Utah Fund IS 47 00 1195 00 Utaa Hom FIrs Oil Refining 13 50 I 14 00 l'tth 22 00 j cota Utah Pow I 1375 j 12 75 Utan Southern Ott 2724 2144 19 14 lil'gr11 111 nolti Graham? N odneanted SATURDAY'S 4 92 61 II 111410 1 4 4 22 21 Gen 11 Gen Tood Gen Motor Glidden Co Goodall-P- I Goodrich OVER TILE COTINTEIC 15 14 n2 25 " 19 62 16 62 VOT A TIONS Ask id I 422 4:08 154 2511 11-- :q sArrim A T'S II 497 I 1044 14444 104 104 4814 4414 31 1 t 0 LArtiLDArl QrpTATIONS six-da- Lot Borg-iKar- COMPANIES 60-sto- ck I — e ''::777''::':::''''-:'::KE- :::- — 05 06 47 -: 5 11 04 05 ''''''' :: 130 48 - ) :: 16 05 14 ' 04 1014 21 11 0414 1114 1 6 02 04 04 a Ito Coalition aaat Tintandrd a laast L tan tore Id !nee a anat 4 14 210 - Crown Paint xtration :rOW ft Asked 09 07 13 0444 1311 04 (4) 0) :- QLOTATIONS Mo tale 141rung - oltggat :' —'4--- kd itt1 m -- '- : — — Etuat Sara — — rtrbelead Atta 1124t at Nara Etat Puatti 21 42 rued rl riot Mat lutet 510 ' 1 me 1 avow eaato 1524 23 51 Catda 2 2801 6--4 9 01 eo 13 43 4 37 a 4 'Natal's ar$6 at P634 11 18 :i'-- ' 1 IS 372 1 40 ' ::' - ' — Bi4 ' ' ' — 3 - ::ii' 11 Ptaa4 las— 't :1::ii::' on :' ( ' A frillamod i111--- ?'- ii '- : I - ::':':' ''':-- : : ' 13 by 1920 the fires in the Argonaut Kennebec 0114 and Kennedy mines had become Kentucky-Waa- l 0214 such e hindrance to operations Keyaton 35 Monarch 03 05 that it was decided to flood the 11akeeida xLeorsor a 044 3300 When level xlAtt Kennedy at the May 0314 024 Minna 011 0614 this was done the Argonaut was altathaon Magnolia Lotad 0514 07 Am P flooded also just at the time it 'Mammoth 35 45 14 "I2 3011 14 1411 3 4 Am R&StS or Hit 08 0514 3011 Am Poll IA had begun to yield some of Its idI M loon" (4113 03 La 05 5 54 541 5414 Smelt Am kilssouri Monaircia richest ore 0114 03 153AL 16114 271151 Am T At T x iioacow 0312 04 21 6814 fi g 68 Am Ton B id t City CoEpnr 44 50 14 Vineoee 5 5 14 5 5 4 55 Am Kennedy Helped Pump 'Mountain iew 11 0314 7 let 05 W W 715 714 Am 39 42 3314 33 Li 334 Anaconda When the Argonaut company alcalkinver aNevatia IffetCa 0212 04 1314 1 3 III 1284 Armour ej 4 I xNear Mceetla 04 05 started to pump out the Argonaut "Ntew Park 2: 22141 a 2 12 9 2 4 A T & 8 T "es ' 11 4o4144 4 48 AU C Line 185 175 mine the task was too much for "N)rth 1fie 47 50 2' 22 22 22 Atlas Corp ntantlaild one plant So despite past litiga allortri 04 06 Avco Mfg IS' 1 5 eas 5 14 zOnto Conner 31 1411 16 1544 4 14 Loco Bald ton over alleged removal of Argo Park Bingham 02 12 1174 1114 0214 Eat & 0 City Con 42 111 :43141 3214 44 3314 naut ore by the Kennedy manage- 'Park Iternsdall Park Ronnie! 31 291s 06 29 29 0714 3eneitg AV1 ment a joint pumping agreement Park Neuson 31 30 06 09 30 2971 Best Foods Park Prernler Vs 07 1710131 10044 100 0714 Beth Steel was made But despite this co 'Park 2 00 Vs ltan 281 2614 26 14 2614 Air 250 Boeing litiPioch was Brittot there further 14 41 4 411 0314 41 04 Borden Co operation Plum hie Mines 08 03 41 50 5014 50 1 q M xPtutue gationlwhich is another story 31 21 714 Braniff Air 21 No further major fires occurred it Prine Cori 0 2: 10 10 Br 25 Bridgept 10 0344 Budd Co 10 Mining 04 4' 10 414 tmtil on Sunday Aug 27 1922 xProoper it Rico A rgentin 11 1 45 11 Add 1314 Burr 140 134 11 Coeiition 2 2 2 11 Os 04 Calla svhen fire broke out in the Argo- "Roeieton 541 71 13 13 5 13 King Coalition! Canada Dr 650 Ft!N r naut 'shaft with 47 men cut off xitilvr 1 51 1 ng West 60 11 Pee 85 Caned 114 Shield 1! 43s 41 433 Case I i 0114 04 front rescue by fire smoke and xlilver 11 60 Ettandard 60 xver 03 60 Tr 0312 Caterpil X rescue 41"!11 SI01 The work started Po Iron 14 26 0114 10' 2814 26 Celanese 04 caving 21 Bioaaom 28 26 05 26 Csiotex 09 on the 3600 level of the Kennedy Statith St rtdard 4 43 2' 43 43 Ches & 0 04 15 71 1814 84 inthe where am emergency cross Swansea 16 02 0214 Chi & N W 20s IrTar 21 37 27 37 015 do pfd 04 cut and raise were driven franti- Tintte Bab" 24 0 Ls Csntrat 02 6014 60 03 Chrysler 11! 4414 17Intic tead 441 4 4 14 24 Colgate-31 callY yet systematically by crews eriettie 1 3 4 14 1 4 lf" & 4! Colo 14 1 35 Pandard 140 Col Brest A sometimes riot it'niort Chief 21 25 working in shifts 25 25 0444 Con Col 0 & E 15 1114 1114 I 8I 14 0114 02 longer than s few 'minutes so Ulan 5 3414 3 Corn Credit eotni 3 50 'Utan44abo 25 Pus 11 23 6 23 21 4 Com itolv eager was the effort to free the artIda Pf4 Con On 11 25 10154 4lea 9t 2 14 Comer et 8 19 241 The work in- Ilitn Crtfl ertornbed inert 11 90 do Fret eg 02 03 5 2' 5 vnlved driving through muck and Pipet tent Alloy Con Copper 0314 0414 Crm 111 14 2244 22444 Fri WWI 01 034 rock and bolding the ground as x W ts Tolaorlo 22741 14 Con rt 23' VulteeI 041 1441 15 04 Cm 32441 4' Cnnt 32414 Con IrinLea sort advance was made 04 041q Cont Mot I Every 7 7 ?Aire& 44 44 3' 774 0 5 14 0514 oil mining tool was used in the Pal 14 - 144 rnnt nit D! 50141 I 44141 r40!13' 4414 Corn a0paraWitt Prod t drive and it is notable that equip2 324 3241 3214 Cran Co 44 PATTYMATS NAMUR ment cornpanies sent their best 11 31 31 31 Crown Zell 11 14141 1441 Cub-Pug Oporattag Corapaa 'Pe 14144— men to the scene with tools which Curttse-3vV201 5141 541 514— 4 111var 1000 at Ie 14 do A might aid On Monday Sept 18 Carsittf 1500 at 13e 4000 at 134a ills441 1311 VI" leer & Col zw-k5(10 at 12ethree weeks Later the crews broke D 1 R G WI 11 14 1 4 44 1 4 14 Furoka at 4 31e 500 Lilly 14 37 37 4 37 do pf through into the Argonautminc 3a-- Orland Dapostt 1000 at 4e 1000 at rhnTrill 141 1 A 4 3' Mlnel 167 0 !4 !" e 4S0 had cross drives feet of They Doug Aire111 1111:115C511211Z0 Itv$01 at Al4te: 400 at be lk: 4: Du Pont cut and raise under indescribable Waeltaroa 1011104 lomn at le PI 1714 Nit 17141 17 141 wmmeomr Al) Testrn e 3 Li tt locqt conditions the K1 Figure '51 42141 42 footage! 42 4 Wintlriar "S00 at 14e: 1200 at 35e Fastman 11 54 54 I— 14 54 Fitton Mfg 1000 at 17e 700 at 40e Found 47 Dead 2' 50141 5(4 50 14 Fl Auto-L- t 4 51var F01114 5000 at 314e Fi Post 13141 1241 1314 CDITITIOU" 14 12 1641 144 18414 Fl P & Lt They found on the 4350 level trilratta remsonwtattat 14 81 RR 1014 10411— Wrest Erie 1000 at 1041 74e of the Argonaut behind the sec IA III Zuma 1000 at It Tiens Prod 1' INVESTING ' Select Issues ond (unfinished) of two hastily Improvised bulkheads 47 dead ''': 'i': miners all suffocated The bodies '''::'' were ranged side by side as though they had lain down in that manner to await death—But no finer effort to save men has ever been made and those of us who are familiar with those 21 days will never cease to honor the rescue crews The first closing of 7: -t the Argonautvoluntary mine came in 1929 when the main inclined shaft had reached a depth of 6000 feet During the 19305 the Argonaut Mining :: Co paid some dividends the last 25c a share in 1941 It::::::::' Then the war and the forced closing of lode 7: N gold mines—now costs beyond the of so the great Argoprice gold naut may be through i '?e!Y1t'!s4e!:-- 4:::5tr ' LIVESTOCK MARKET Market Loses Despite Few By Beamer Keller Y '44 - - 4 |
