| Show Business By ASSOCIATED PRESS 0 MARKETS SILNES INTERMOUNTAIN TRADE REPORTS MARKETS IN BRIEF afie ews New York: Stocks—Quiet new plant in 1937 might have provided a 7 return after taxes or S70000 That may have been sufficient to activate this particular Si million capital expenditure That same plant now costs over $ Z million but if we have to think in terms cf the same $70000 per annum income the rate of return has been reduced to 3 VI er which is an insufficient return to stimulate the $2 million Investment "In addition of course Such a contemplated investment now involves quite a few risks that were not present (at least to the same degree) such as the threatened t 4 Argus Research" a market-reportin- g organization: 'Business earnings had to look high in relation to prewar data if we were to continue making the capital expenditures that are ca-so necessary to keep productive pacity &bre& s t of population growth trends and to provide that steady improvement in efficiency which is synonymous with the long-terupward trend in the nation's standard of living There seems to have been an amazing failure to appreciate the fact that the amount of capital that has to be invested in new increased plant and equipment has the same as the cost of living just has increased or as the cost of taxes higher impact of higher labor costs more probability of work stoppages possibility of price controls increased difficulty in obtaining new capital and foreign uncertainties to mention a m few "Little wonder then that serious doubts have been raised about the future trend of the capital expenditures that are so vital to the Interests of labor and to general economic welfare" As most any small business homes new automobiles or new knows the above discussion apfurniture has increased plies to thousands of dollars as "A $1 million investment in a well as to millions LIVESTOCK MARKET price changes and hedging Chicago: Wheat—Easy fear E C A appropriation reduction Corn—Easy May down on heavy liquidation Oats—Eased in light trade Hogs— Steady to 25c higher top $2250 NORTH SALT LAKE Doc 15 (USDA) atts througt 615 total 280 market 309 direct Market nominally no grain-re- d steady on limited offerings: offered 0 2500 steers quotable 22400 common medium steers $20000 2300 $1600 01800 small packag good 700 to 750 to triers brought 12400 medium $1800 0 1900 common $1500 01700 titw good cowl $1650 0 1700: medium 11300 01425 cutter to common $1200 built 2105001100 0 1300: canner medium Amgood bull& 21800 0 2000 : few bead good uses kind $16500 medium kind calves made 225-00- : Lght of good fleshy cows to 21700 ocie Seeder steera brought 22100 good light steer stock calves 22150 02400 market 1369 Hogs: 1745 total 377 25c higher: 180 to 240 lb through butchers 22125h 2175: 240 to 260 lbs 200 to 280 lbs 219250 22025 0 2075: 300 lbs 2182501875: 1975:to 280 to 330 to 310 lbe 2172501775: 300 50e lowr 360 lbs $1625 0 1675: mow sows under choice and light weight good 300 lbs 21700 01750: 300 to 400 lbs lbw 215-0$1300 ti 01550 400 to 450 1250 1350 45 lbs and over 212000 415 total 119 market 296 Sheep odd small done tittle n early through Verytrucked-iwool lambs $2000 Iota of good 02150 medium to good 21800 01950: carload )ots oud bring higher: odd head twee brought 2900: me-digood to choir ewes 25-00 T00 26 it 0 Dee OODIEN 15 Market salable receipts 530 siow steady to weak odd head good led medium most lots small steers $2450 flat: 11800 gg 2100: common 31404101750: loads medium heifers 21850 01950: part common to medium $14 00 0 18 00 mecutter dium to good Cows $14 0001700:canners to common 2120001350: 211 50 down medium to good bulls $1700 gt 2000 Irioge-tstisalable receipts 60 bogs and medium weight butcher sows tient 254 higher: beavy Waterier steady oriole 180 and 50e to $100 lower: good to 240 lbs 22125 0 2175: 240 to 260 lbs Ibis 22000 $213750 2125: 260 to 290 2075: 280 to 300 lbs $19 500 2000 300 to 330 lbs 219 0001950:sows330 to 4()0 choice under 300 300 to 400 largely kg2160001700 to Ibis 550 Ihk 400 $1400 1600 $1200 01400 salable receipts 5190 on carloads Ridding 50e or more lower aughter iambi nothing sold ANGYLEL Dee 15 1 Ca ttis: Salable 1600: fairly active on canner to medium cows at fruity steady prices: little done on good cows and steers: few sales steady to weak some bide lower on 'teem: two loads medium and good around 1200 lbs fed steers $2575 0 2400: (diner heavies held above $2610 mewith light steers held above 52700 cutdium and good cows $180002000: ter and common common S1554301775: canners to good sausage $135001500: medium stock bulls $200002350: Calves: salable 200 heifers 22050 hout ready: odd good and choice yeasts 22750P 2900: medium to good s'aughter calves 22300 025 00 few 22600 Cow steady to 25e Hogs: Salablit 1000: top $2475 on load good and choice higher 214-l- b pasterns: others beld above $2450 good and choice 190 to 240 lb trucking 52350 ty 2400- - medium and good 200 to 280 lbc 52150 02300: few 22100 medium and good sows $18 00 0 1900 Sheep: Salable 125 deck No 2 pelt lamb unsold held above 22250 mated Shotp---Estimat- AP-F91- CHICAGO Dec 15 stock: Hog-11- 000total 18 000: moderately active: we etas under 220 pounds scarce ftely 25e higher: heavier weights uneven: to mostly 25c higher instanced tin steady more rows around 25c bgher abort load b 190-lchoicei 22250: most good and choice 170 to 220 Ine 22150 0 2225 230 to 250 lbs- 220 5002125: 260 to 280 lbs to 325 lbs 21925 0 2197502050:and290choice sows under 400 1975: good Ibis 550 11750 01825: weights 400 toeleArgood prospects $11175gl1775 a oce Calveo--500 Slaughter steer steady to 50c higher Advance on choice choice and and good yearling good heifers steady lower grades steady to 50c cows medium low lower: fully steady: grads and good beef cows dull and weak: builit 25e lower: veaers steady: weal to fully 1050-lb fed steers 23400: load of ehotee load high choice kind held higher: most good and choke fed steers 22600 01250: Medium to low good kind 221 00 02550: two )oads good to choice fed beifra $ 28 50 medium and good beef cows 21800 01950: canners and cutters $1400 common to medium Sailing bulls 01675: $1700 2250: odd good bulls $2300: vitalism $32 00 down Sheep-2- 000 total 2500: generally steady market all CIIILABOIr: damp fleeces considered fed western and mostly most supply lambs corn fed hativ good and choice wooled slaughter lambs S24 25 ce 2500: later price extrem top: common and medium grades $21300 02300: yearlings very scarce: ewes fully steady at 21075 down OMAHA Dee 15 salable 8500 total 13500 pla barrows and gilts 246 poundds clown heavier we ght higher steady toto 25e lower sows 50c to $100 $100 steady off good an4 choice 150 to 240 pounds g 210o to 21:73: one deck $2200: 240 to 270 pounds 22000 rr 2100 270 to 300 219500 20 50 300 to 360 pounds choice pounds 219 00 tit 2000 good and sows $14-0021700 a 1850 stags 1600 Cattle-Rec- elpts salable and total 3500: Tood and choice lightweight fed 50c to steers stead? other 'fed higher steers and betters steady fat sows steady to weal: canners and cutters strong to 25e higher bulls and vealera steady MARKET I i IIERT kD 1 2311r:teit 15212 22 25 09 24 04 44 10 00 06 23 02 42 05 08 05 - 'Prince Con Mining 'Prosper 'Rico Argentine 'Royston Coalition 'Silver King Coalition 'Silver King Western 'Silver Shield 'Silver Standard Sioux Mines 'South Iron Bigilsord 01 200 03 225 04 0412 14 07 18 20 1912 03 155 08 0112 145 07 390 72 825 75 03 0112 02 05 08 02 0314 0114 12 89 South Standard xiewaneek Con 04 0212 04 10 12 04 0412 02 14 84 0312 02 ed SO-l- I I I I I I 24 El Bond Snarls Hee la Mining Kaiser-Fraze- r Niat Hud Pow Nortbaat Airt Teebnleotor & Trans-Lu- 11 21' 89' 3 2 B auk Utab-Idall- o LNVESTIN 1044 1144 9 1114 244 12 101 11441 1A3 8 2 14 11441 31 Bid I B-- 2 B-- 4 S-- 2 S4 Nailonwid i I Bal N See Ser Pret N See iter Incom Putnam Fund Fund Russell Berg Fund Union Pt Stitt' liVellington Fund rig4edoe44 6491teedV4e 2 2 111--4 J 9 21 13 38 4 54 12 97 6 44 4 24 14 14 25 33 19 20 16 16 Asked 4 OR I do do do I 1144 811 844 0 Co 5 IP ANI ES 3 73 Affiliated Fund Inc 3 68 Amer Bus Shres 1 39 Dividend Shares F:aton & Host Rai 7d 23 75 Fun& 5 19 First Mut Trust 11 24 Fund inventor Inc 23 10 Kevstore Cattin do 3 16 34 I I j I I I )I 4 01 1 52 5 19 5 77 14 51 25 20 7 96 0 06 4 60 14 98 93 7 04 4 63 15 20 224 17 86 S L BANK CLEARINGS i Bld 104i4 3 3 2 12121 29141 1914 1! 14140 1440 14&41 2loo 21 2141 2o10 x Unitpd Gas U ecede 29 1 Gitary Stmet 14712 1 - SAN FRANCISCO 02 14 0212 47 0214 04 0212 (AP-LTSD- GEORGE S MAY COMPANY 7(4144 0'112 02 ' B-- "Il‘e 35 10 03 0212 17 04 50 04 10 03 -Hog- COES ' 06 o I 9000:c ' 'Madison Mines Magnolia Lead 'Mammoth 'Miller Hill 'Miners Gold 'Moscow Mountain States Dew 'Mountain View "Naildriver 'Nevada Metals 'Nevada Monarch 'New Majestic 'New Park iNortn Lily 'North Standard 'Ohio Copper Park Bingham 'ParkKonold City Con Park Park Nelson Park Premier 'Park Utah Pioche Bristol Plumbic Mine Plutus )- LS EM ENT itiC Monarch 'Leonora 'Little Mate “ -- --"i- Keystone 'Lakesid 02 20 03 35 03 0512 02 44 0112 18 02 28 01 0412 01 42 0312 30 'Tar Baby Tintic Central oTintic Lead oTintic Standard Union Chief 02 KANSAS CITY Dec 15 Utah Con 01 Cattle-Sal- able 3500: total 1800 Calves 'Utah-Idah- o corn Bug 230 260 -S- alable and total 300 Slow part load 10 60 'do pfd 1100 1021-l- b fed steers well up in choice grad 'Utab-WyCon Oil 34 37 of $3200 steady predominate supply Victor Con 02 03 medium tis average good short-fe- d steers Western 02 Alloys 03 and heifers meeting rather dull Indif- West Toledo 0512 06 ferent demand scattered early bids and 0112 03 sales weak to 25c lower good fed cows 'Wilbert Con 'Yankee 02 04 weak to 25c lower following Tuesday's 50c Zuma 0312 06 lower close other cows about steady 'Operating companies bulls unchanged vealers and killing calves steady stocker and feeder trade draggy SALES with very little done early scattered sales medium to low good short fed steers Operating few loads good fed steers $220002550: unsold oad lots and few loads common Bristol Silver 1000 Itle to low medium 1190002100 odd lots Crescent Eagle 3000 at 25e medium short fed heifers 12100h) East Standard 2000 at 412c 1000 at 2250 bulk common and medium beef 414e cows 11700 0 2050: few good fed cows Utah 200 at 58e East 11900 0 2100 canners and cutters $1300 Lakeside Monarch 1000 at 2e 01850 top bulls 28$2150 good and choice Madison Mines 1000 at 40e 500 at 42e e2800 0 00 500 at 41e 800 at 44e Hogs-Sa- lable 2500 total 3400: slow New Park 1000 at $150 uneven 240 lbs down steady to 25e Princ Consolidated 200 at 20e lower: heavier welghts 25c to 50e off: Silver King Coalition 200 at $4 01 top 12160: good and choice 170 to 240 Shield 1000 at 312e 13000 at Silver lbs $20 7511 2150: 250 to 325 lbs 11950 2050 sows 50c lower at 11850 Baby 1000 at 314c 01550 stags 11550 down Tintic Load 200 at 14c 300 at 13c Sheep-Sal- able and total 2500 active Pinaoperallat opening sales lambs 25e to 40e higher Park Nelson 150 at 5e- largely to shippers: good and choirs native iambs and fed lots $2400: b CURB SALES medium and good yearlings $1975: good and choice ewes 1900 Operetta g PORTLAND Dec 15 North Lily 100 at 22c 1000 at 24c -S- alable 300: total 1000: steady to 50c lower: good and choice 200 to 220 lb 200 at 23c truck-in- s Ohio Copper 1000 at 24c 12350: on load freight diversion $2400 sows unsold: good and choice Prince Consolidated 600 at 1912e feeder pigs Quoted $235002450 &Ivor SZiJId e000 at 32er Cattle-Sal- able and total 300: no reMisted liable outlet for abort fed steers: some bda agrarply lower: odd sales late Tuesday Utah Power & Light common 25 at $22 S200 or more lower: common steers 31750 02000 cows steady with Tuesday's weak to lower market: canners and cutters 112 50et 1400: few 11450: common UNLISTED STOCKS 115 50 611800: medium held above 11700: bulls bid weaker: good vealers steady I I Bid Asked $2700: common and medium 11700 0 2800 IS 875 Sheep-Sal- able Rug 4 pfd and total 200: mostly xAmsig 68 00 73 00 cull and common feeders: no early sale: alitah Fire Clay 2150 iI 22 00 good and choice wooled lambs quoted 'Utah P & I com 6900 7400 12050 et 2100: lot fed lambs late Tues- sZC MI x0parating companies day $2150: good ewes salable 1700 StiN FRAN'CISCD Dec 15 s-Salable 200: steadv: good and choice ISO to 240 lb $2100: odd head OVER THE COUNTER mows under 400 lbs $20 00 good cattle-Sal- able 100: practically all I cows fairly active prices firm: few sales Bid Aiked little hither: canner and cutter cows Amit IS Ig Pugat corn 621A'S 9 00 11150 018 00: common 11550 Olit 00: i do pfd 8 85 calves stead": common and medium 250 to 45 I 46 Ashley Valley Oil 250 lb daughter calves 12100 0'2500 I S 00 Oil ) Sheep-Sa- lable 500: no early sales: lals Equity 750 Coal few club lambs 110 Indpendent 120 Tuesday good $2100: cull and common sorted off as feeders at Mountain Euel Supply 2125 2175 Utah Fund 1006 $21200 Utah Home Fire Ina 19000 19500 Utah Oil Refining 1250 I 13 00 1c aUtan Power 21 50 I 22 00 Light NEW YOBK CURB zUtan Southern Oil 12 75 I 1350 ZCMI 6900 I Ti 00 zEx-di- v Bales In Hundreds High Low Close Of Lt Li Amer Superpower 240 Bunker Hil4 ik 20t11 2034 20 44 S L BANK STOCKS 35i 444141 4344' 431!il Cities Bercies r 2: 10 10 10 Dnnison Mrt—rec I I Tuesday's bank debits$1005414400 Sam day last year gsna ggi on 3f)0411293 WeArstaday'a clearings Earns day last oar 107356683 crisis will slow down to a walk Even veterans aren't anxious to pay present prices And public resistrce is strong To encourage activity- in home construction makers of building supplies and equipment may lower prices—for 1949 work on units Labor should co- Formulation of sales policy for Utah Oil Refining Co in 1949 has been "removed from the swivel chair and placed in the sales field" said Henry A Wallace general manager in charge of marketing A meeting Wednesday of 50 division and department managers from the entire marketing area for Utah oil Mr Wallace said inaugurates in the intermountain area a policy of encouraging division and department personnel to create company policy Company officials met in Newhouse hotel Wednesday for the second day in a three-da- y "plan- c t - low-pric- ed operate Refuses Rent Hikes And as for rental units John R Steelman assistant to the president turned thumbs down on proposals to raise rent ceilings a flat 15 Here's why: A survey revealed that landlords in 13 cities now average 13c'o more than last year more than 1941—beand 25 cause of no vacancies or redecorating costs It is said that rental units- -homes apartments' and —are in the worst condition in the Lation's history because most landlords refuse to do repair work a The civil aeronautics board is publicly blamed for the poor financial condition of the air First Utahn to J B Heinz serve on national drug council Asked Continental Nationai j$ 215 004 22500 xVirst gerurity Corp 50 00i 5100 Utah Paving's & Trust i 200 001 21500 Utah 8tat National 63 001 8750 Walker Bank & Trusti 217501 225 00 Ztone SAvingi (new) 102 1)0 97501 sEs-di- v PRODUCE MARKET (illrbeleaaler Erre Grad 66e: large 6512 medium AA 60 C 64e Ninety-thre- to Retailer) Softer e 90 score 70 69e a6142 73e prom 1171e- grade 063e A large grad B Utah Druggist J 72e Mee 42e: 12- trtplets pound longhorns 43c loaf 44e CHICAGO Dee 15 (UP) —Produce Poultry—Unsettled Cheese — Twins 3712 41139c: eines dius:es 41 0 4 412C: longhorns 410 45e process loaf 41 04214 c Swiss 55 9057e Butter—Fteady Onlone—Dull 15 ( UP )—Prod ues Dressed poultry—toady Live Douitry—Essier Chese--Ptesdy Cetery—Istead y But t er—Norvous go—Firm Anaconda Anac W&C Armco 80 Armour At T&Slr At Coast At Refing 1 Atlati Corpl Avco Mfg Bald Loco Bait & Oh Barnadall Bath 1r W Beech Air ' 91 11 71 14 3 41 71 I 4! fli 91 1510 11 9 111 291 121 241 4 4' Chain Belt 21 0 55: &EIA cri Ind&LA Ch MSP&R1 do pf Ch & NW do pf Chl R & PI Chrys CIT CI El Ilium dim Molybl 3! 3! 291 161 101 5 231 1 29i 3413481 91 41 171 59 101 48 18 20 31 351 ' 31 71 21 Si Food Mach Fruehauf Gair Robt Oar Wood 1s 81 84 81 21 131 12 I" 9 84- 1- 14 13121- - 12 12 26741 36le 54121 611 14 - 3034- 263414 2114124841- 42 - lig 14 3914' 1314- 27121- - lli 12 10741"- 14 17341- - 34 48141- 17 “ 7 7141 7341- 23 1AL 4-- 814 34 114 14 12 " 10841 33 14 40311- 26141- - 47121e 20141 1184!51141- - - 12 12 12 56 5712 57121 31 18 1814 25 f 25121 25121 211121 2112- 17 14 12 14 Ill 12 - 56 14 84 14 12 7111 12 14 14 413141 1514 11721214 114 4312 12 32 32 3214 12 141 141414! 141 41141 40141 40341- - 12 14 21 5' 13 15 1312 41 1012 9 14 1 4 stg 11 61 20' 12 i 8141 51 51 291 6341 - 20141 201- 12741 13 13341 13121 10 10121 38 38 3912 39 21 22 721 7111 7341 2' 44 121 44 121 181 291 4i 24121 151 24141 28121 91 21 3 414 8 514 10 911 8741 38 - lit 14 84 14 34 84 39121 22 714- 144141 2911 121 - Jna & L8t1 Mtg Joy K C South Kennett CI Krege 8 81 Kress a Laeid Gas Lambrt Col Lhmn Crp GII Lorillrd 391 3: 394 101 18121 18 431 14121 1412 9 68 65 2 10 PI 201 Magnavg Manatt Sg: Marsh Irld! Martin GI 11 141 91 21 May Dp St 11eGrw El Mein Pre MeKsa &R C Miami Mid-- 2 51 Pet' C Minn-M- 4 2i ' 16 9i ol Mission Cp do pt Mons Chem Mont Ward Murray Cp Nash-Kel- v 41 31 Mo-K-T- Nat Nat Nat Nat Nat Nat Nat Nat Nati 9 181 251 3 43! Biscuit 16' C- - Reg D Pro! D St 91 C Line! Distill 11 17! 11 6! 141 1 Gyps Lead Steel 81 10! Nehl Corps Newm Min! Newpt N N Y C El NYC & SI NY NII&HI Si 3t 2 ' 11 5: 2 N Y Norf Shipb1 1 21 No No Am Col North Northw 48 Ohio Oil r Omnibus Otis Eiev CI 61 Pac G & El Pack Mot Pan Am Al Param Pict P Ut C M1 Patin° Penney Mini Pena Pena RR I Pepsi-Col- a Pf C & Co I Phelps Dod t 91 721 601 61 ! 171 P&RC&I Philco Cor ( Phiirp Mor 131 9i 201 Phillip Pell 231 101 121 101 191 Plym Oil Pro&Gam 161 201 91 11 ' 181 321 331 8 7 i 14 45121 171a1 17 biral 46 53121 10711 4112 39 I 5812 4514 65141 1374 45 17 183k 53121 1914 40 3812 58 4412 6512 3612 3414 Socony-V- 12 8 8121 212 2612 1518 5 21 33 17 2712 1874 1614 4814 41312 11 S It 874 3012 1914 201 39 12 41 10 13' 3812 4 31 23 171 191 0 a 11 t 14 14 Pac Greyhound Grum Aire Gulf Mar° Hart Schlvij Hayes P Hercules Hiltn HMIs Holly Stigr Houlan Oil Howe Snd Iluden Mitor Hudsn Bay Fludsn Mtr' Hunt Fds Hupp Corp Power Ila DI Central Indus Ray' Inland Insp C M 1 Ing-Ran- d 11 30 101 II 4 " 45141- J - 5412- Its 1- 14 13111" - 1441-- i 14 3012i 3614 VS 2 7 44 141 273 - 14 11a 17121" 16 :- - - 14 12 14 - 121 " 1a -- Itt 8 2924 48 3012 414 I" 2212 2 14 4512 1712 - " 8711 11 tri lit 12 14 15 18 11 1- 8611— 1- - 197458 44121 17a 114 14 Sit 14 I31141- 74 12 3414 14 12 13121 2712- 1i- lif - 14 14 14 12 12 12 - Itit 21 33 17141 14 22121- 914 11 8 212 2618 1514 2712148741- NEW YORK BONDS CORPORATION BONDS lEia lest Close l Chg Bales in $1000 91 841- - 2 Am & For Pow 5a 2030! 84 201 93 2 751 Am Tel & I 23102 Am Tobacco 3a 69 Atchison T & S F 4s 951 1711211 Baltimore&Ortio 6a 95 7 5j 1! do 5s 95 G 2I4 51 M 631s1 do 5s 96 -ki 63 do 5s 2000 K ag 20I0 18! 511do cvt 4kgs 11 Canadian Pao 41 part— 2 1011-13- 2 4s 49 Central Pac CMSP&P inc 414s 20191 38i 65161- - kg 15 55 do cvt 411s 2044 3 do 4s 94 3103 I Cleveland 11 T 414i 77 a 11 87121 93 D&RGW 89 111 2015 Ens 412s 11 Illinois Central 44gs 66 11 50 4291 - ki 1st 4s 90 81121 71 2131‘ Missouri Pao 51s 49 21 So do 5s 78 G 6! 80 do 5s 80 R 361 43as do gen 4s 75 Li 65 241104 National Steel 3s ag 171 72141- N Y Central rtg 5s 2013 72! lit 100! 3s-4- 33iiii- - 3 al 111 -2017 22121- 4012134121- semi-annu- 1A1 18311- 10121-- Continental National Bank and 'Trust Co of Salt Lake City audividend of thorized a $5 per share on its stock Wednesday announced Walter E Cosgriff president Dividends are payable Jan 3 to stock of record Dec 20 412 he said Books will be closed Dec 12 20 and reopened Jan 4 The bank previously had paid a Is $6 dividend on July 1 31 Ire By action of the board of di14 rectors dividend declaration meetings formerly held June 30 and 14 Dec 31 will be held on the second 34 Tuesday er June and the second 14 of December Mr Co14 Tuesday sr:iff said - 14 - - 12 14 -- 111 Refining Corp Oil City Pa The Quaker officials were hosts at a cocktail party in the hotel Wednesday night preceding a banquet Members heard B W Jennings I 84! MSPSSM 2013 4ki tclo 411 66711- 141 A do con 4s 98 Northern Pao 3a 2047 Ohio Edison 3s 74 Penn RR 31is 52 kg 811 eolki 3i 99 41 ONLY 10 TRADED 4 3010012 2 90 Southern Pac 41121 SI 16102 do 41211 Oregon 77 410 211 561 9- 7Southern Ry gen Union Pac 2342 76 3400 1 4! 99 Western Pao 4kgs 2014 Union 41e 50t 9101 - 14 51 74 Wisconsin Central 4A Total bond sales Wednesday $3190000 $3345000: week ago previous day two S2788000 year ago 68521000 Jan 1 to date 64877000: ago years S972862160: year ago 61015368420 two years ago S1315491850 I 123)49141- 41121 141 - 112 - lis 26141- 7341-- - 2041 181416544i- - SA tvi - ' American Surety Picks Manager alii 1312i- 22141 11121- - sli 18 14 14 14 1e 9141 - 1 42 10781 14121- - : 71 'la 14 IDAHO TALL& Ida Dec 15 (AP)-- Potato shipping point information for Idaho Falls upper valley Twin Falls Burley section 1' ue sd ay Offerings moderate rather light wire inquiry demand Few light market dull made on previous sties contracts now filled Some sales for government being chase program Few shipments rolled purun- sosida loeir froor bdeolitivieprpettin gsal (cash track)! Very few scattered sales depending on size Russett Burbanks min washed 100-lU 1 s sacks No size A $2550265 mostly aroutad S280 occasionally higher and lower U S No 2 size A very few reported 5160 ft 165 Other grades and packs too few reported sales to quote Delivered sales shipping point basis! Few sales 100-l- b min sacks washed mostly 8 U No 1 size A 1265 2 75 mark No 2 occasionally size A very few $270 U S $280 reported sales $185 0175 occasionally Other grades and packs too few higher reported sales to Quote CHICA GO B Dec 15 67 on track 181-- - Le 10141- 7121 18781- 20 $4- 1- 4 2314C - 114 41 14 10141 40141 14 14 14 1414 May 4 14 Lit 1 - Mar- 256 2 5914 - ' 2 5814 254 July Lard Dec 1715 16 40 Ian MN-May July —16 65 —16 75 1680 259 26014 258141 254 1740 1670 16 77 1682 1662 2514 25714 256 253 1705 1840 1655 16 70 1670 201 271 lAs Lo- Iit 1— 14 14 12 i I 253 1710 1662 1667 1670 1675 0 I liViison AC — Woolworth Wrigley Jr Y Sh T Zenith Rad: 14 141 9! 11 241 45 21 17 4 7 111'2 I 44 67 ' 87! 131 721 7 kik 11 Li 4 4 214 67 72 14t — 7111— 5 321 32 i 32 I— Total stock sales Wednesday 920000 previous day 1000000: week ago 1137- 320 year awn 1249590: two rear ago 1107400 Jan 1 to date 2g7714-35two years ago year ago 241002453 0 351531110 : t t ' - i - "E A - ' 5 -- -- company Mr s' 77 - an- - nouncement Crawford 'Iwill succeed ' Waldren D Haf- bish who becomes resident vice president A native of — Ai k Mr Crawford Washingto n? county Tenn Mr Crawford is a graduate of Lincoln Memorial uniHe versity Harrogate Tenn started to work for the American Surety group in 1938 and was named assistant manager at Pittsburgh Pa after considerable experience in several branch offices He was transferred to Salt Lake City June 3 1948 Member firms of A S G are the American Surety Co of New York New York Casualty Co and Surety Fire Insurance Co Takes Over Duties - Homer C Warner manager Bennett Motor Co took over the titular reins of the Utah Automobile Dealers Assn when he presided at the weekly meeting of the group Wednesday for the first time since he was elected association president Dec 9 Christmas Party Billed Citiand Directors of Business Men's ance meeting Wednesday at Hotel Utah reelected three directors whose terms had expired The directors are O L Ridgeway Nelson W Aldrich and B C J Wheatlake N SURANCE or ANNt'AL MEETING NOTICE OF STOCKHOLDERS al Team' Cyperienco Claims Promptly Paid CONTITNEVrAL AGENCY COMPANY PHIL 3 PURCELL JR Bldg r"rer7Pr'''''7?"977"!Fr'0":'cr'"1: I manager Jan I according to a Business Group Elects Alli- OF ALL KINDS — I - Directors agents of the zens Auto Insurance Co will hold their annual Christmas party 259 at 7 pm in the Crown 25914 Thursday 2 5712 room Congress hotel I I 14 12 35 361 saytea Dec -'-- 1 - - I Wil1ys-- - 5141- 391 — 23141- 54141- 16741- 64121- - I ' POTATO MARKET 29! 141 - k- - - i ve RentIhke Pleas h 1a Christmas business in Salt Lake City got off to a rather slow start this year but picked up last week and is expected to finish as strong as if not stronger than last year This was the conclusion to be drawn from comments made Tuesday by representative merchants in different lines of business The aping-lik- e weather starting late last week brought out great but business throngs of buyers nose-diwith took a temporary the advent of Tuesday afternoon's New Ruling Eases 255r total shipments 1098 supplies moderate slow market about steady: Colo-red- o demand METAL PRICES Red ItirClores $390: Idaho Russet Burbank' $365 It 380 : utilities $2 70 NEW YORK Dec 13 (UP1—Fo1lowing Minnesota-NortDakota Red River Valley are Wedneaday's custom smelters prices Bliss Triumphs $300 for dlivered metals (cents per pound unlees otherwise designated : delivered Copper—Electrolytic valley GRAIN FUTURES 2350 export far New York 2350 denominal lake fob refinery casting CHICAGO Dec 15 (AP)— livered valley 23 Low close Open High Lead—Common New York 2150 St Wheat Louis 2130 02135 foreign gulf ports Dec 14 $237141 123714' $239 $239 2200 22 141 228 22714 227a westrn New York 1815: May 209 2093s 20814 2 OS12 East St Louts 1750 foreign gulf ports July 20824 Sept 20834 20712 2071 1800 Corn Dee 14292 143 141341 14114 — Silver 70e: lead Settlement price" 148 '4 May 14692 lAs 2150c zinc 1750c copper 2320c 14792 147141 14534 146 July 14114 141 Sept 14092 140 Oats -- 8244 83 4 8214 aDec Union Oil 29 14 16 29 77 -v 7734 81 88 764 Union Pee 86141 87 721 72 5 48 do pfd 47141 48 4se Juiy " 7012 Sept : 48 1114 10 United Air 10 LR- 13°1 4 6214 61 do pld 61 17214 17214 ' 171 172 110 24 United Air 2311 2314- - 14 Dec16714 16814 167 1671i United Crp 2141 301 241- - 4 May 2141 41 40141 40141 4014 10 5341 5341- - 53141 25' 22141 22141 2214!- 3101141101141101141- f 45 45 1: 45 111 38 30141- 1240 1241124 124141- US PR4111 16 39141 3914 US Steel 25I 7114! 71si' 71 311 — 5 21 21 21 I— Vanadium 21 2912i 2941 29 Walgreen 2 2341 2341 23 IA Walker GSVi 1 1441 1414: 14141 Ward Bak 8 7" — 9 Wrnr B Pie! 421 10 20 4i 20341 Warren P 2i 27 12 Wesson 0 SI 27 I2 : 21 8 8 6 Wea Air l 18 W A Sup 3 364 36 LI 31 Went Pao 257a 2534 25 2 60 80 60 do pt W Un Tel 16' 15 154: 24 11J I 331 24 24 Elee Welg 161 14111 Whit lett 144st 14 tmi -- 2c U do OA i Unit Fruit US 4k 1' 8c1 l'S Gyperril US PkIrdryl US Rubber do 1 pi' Yule Buyers Hit Stride Sellers Note Volume Skids On S L Mart b 14 IN THE STRETCH snowstorm A rebound is anticipated as soon as the weather clears Business Ahead The manager of one large store reported his business consistently'ahead of last year while others Volume on the Salt Lake Stock said it is about the same Sales good Exchange fell off Wednesday from 1947 were considered -Purchasers this year are re" Tuesday's trading Only 10 stocks were traded with one even six off ported to be more "price con3 scious" than they were last yeall' and three up Madison Mines showed a 4c gain and the manager of one varietr on 2800 shares closing at 44c store said business vbras "terrific t A 3c gain was registered by Bris- until the snow storm-hiLast Sattol Silver on 1000 shares at 18c urday he added was the biggest and Silver Shield was up c on single day his store ever had 14000 shares at 3114c many luxury items are Silver King Coalition was off notAlthough as fast this year as in moving 25c on 200 shares at $4 New Park one store years previous was off bn 1000 shares at a good demand for fashionreported acces$150 a lc loss was shown by East sories—cosmetics jewelry handUtah on 200 shares at 58c Lake- bags gloves and hosiery Heavy side Monarch registered a 14c loss buying also was reported by the on 1000 shares at 2c and East institution in home furnishings Standard and Tar Baby showed c losses Manager Cautious Some store managers were cautious in their predictions for the remainder of the holiday season but the general feeling seemed to be optimistic The federal reserve bank reported retail business in Landlords owning four or less Salt Lake City during the week rental units now have the option ended Dec 4 was 5 under that of basing claims for rent increases of a year ago but there were indithat last week's spurt may covering operating costs cationsthis loss on any Onehigher of four expense items erase and may omit taxes as an expense - Store managers reiterated their Item Glen D Reese area rent appeal to the buying public to do their Christmas shopping in the director announced Wednesday The new ruling applies only to morning when better service can the short form which the office be obtained of housing expediter developed to help small landlords obtain rent adjustments Mr Reese said Under former rules taxes had to be shown on all petitions The change simplifies the landlord's task Mr Reese pointed out The landlord now only needs to John B Crawford 1838 Connor keep receipts for the items on st assistant manager Salt Lake which he Is claiming an increase taxes insurance fuel or utilities City branch office American group Surety will become 4- 14 71 101 1 - - Bank in S L Lists Dividend of $6 1949 e 241 241 34141- 131 1314113121 I ! 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Industrials 17728 17578 17820 off 39 Apothecaries He isclub 2179141179121179 Salt Lake Allied 231 29 24 Salt Lake Rotary 28141 29 41 - 14 Italie 5373 5314 oft 5331 Allis-C14 281 2712 MI 27141 27 Utilities 3338 3320 3299 up 07 Country club and the Serra club 71 97 95121 95121- 1 Amerada 65 Stocks 8467 6405 8426 off 13 7141- 14 7121 714 Am Airins 1281 Bonds 9845 up 03 201 8212 Am Can 81141- Commodities 14169 off 108 program Other speakers during the day Included E M Hubbard manager Industrial sales H A Hanson special sales representative Karl IC Crandall assistant to the general manager marketing Lowell E Taylor assistant comptroller and J A Murphy superintendent auto equipment ported that the first "test run" at the company's new $2500000 propane plant will1 be conducted one-fami- ly CAA Publicly Blamed Manager consumer sales open morning sessions with a discussion of cooperation by distributors on a systematic farm solicitation ning" conference Frank It Clark vice president In charge of manufacturing re- - public-housin- t - be STOCK Indian Queen Kennebec stockers and feeders weak: good packers to cboice lightweight fed steers 13000: good lightweight steers $2700 ey 2800 medium and good short weight fed steer to medium $2150 0 2850: ex good short fed be:fers heifers $2100 2500 good 32575 mediun2 and good cows $1725ty 19 50 cut:er and common 11550'4v earners 11425 U1525: medium $1700: and good sausage hulls 12050 ty 2200 vealers 12400 Sheep-Rec- eipts 4000 total 5550: fat lambs not established lower bidding 1950 good ewes steady good and choice breeding ewes 11100 DENVER Dec 15 (APATSDA)-Ca- ttle -S- alable and total 2500 calves salable and total 230 around 284c fed steers and heifers with heifers three times as numerous as elvers 44 cows and 25 stockers and feeders: nothing done on fed steers: best late Tuesday $2610: few early sales fed heifers steady with low time Tuesday: medium to good $2000 a 2425: good cows 25c to 50c lower: two loads $1950 canner to common weak: canners and cutters common 11350 01700 11750: bulls and vealere steady: common to good bulls 11800 02200 good vealers 12400 0 2500 cull to medium $1400 2250 load good feeder cows at 11700 looks few good steer calves around weaker steadyon at $2300 02350 nothing dons feeder steers early Hogs-Sal- able1000: total 4000 fairly active on butchers 270 lbs down: good 190-270 lbs end choice $217502225 these steady to 25c lower: heavier butchers not establushed: :few sales sows steady good and choice 450 lbs down mostly 118-001900: heavier $1700 01800 no Sheep-Sal- able: 2500: total 3100: early lamb sale two loads mostly medium ewes slaughter steady at 1550 Tuesday's top slaughter lambs $2425 't a sucker for stories running riot in realty circles that a federal housing program Will skyrocket new home prices The gossip says the nation hasn't the building supplies and equipment productive facilities fore both private and public large-scalconstruction Cattle —Unevenly 50c higher And the stories insist that there to 50c lower top $35 d cannot be homes because government orders will get preference thus causing supply and labor shortages S L In other words what the tipsters are spreading on the grapevines is that if you need a home buy it now or pay more later Bid Asked Projects Move Slowly Bill Hill 05 09 Well the fact that congress ' 03 0112 Bingham Metals Bonanza Mining 02 0412 plans public housing doesn't mean "Bristol silver 18 1612 construction will start the follow"Bullion 0412 05 27 Government projects 'Cardiff 30 day ing Central Standard 01 04 move slowly 'Chief Consolidated 125 150 After the enactment will come 30 35 'Clayton Silver 'Colorado Con 02 03 the creating of a bureau Then 'Columbus Rexa II 25 29 plans of all sorts followed by con'Combined Metais 25 27 'Comet COILlitiOn 09 bids for the work tractors' 12 'Commonwealth Lead 0212 0314 When contractors win bids only 'Consolidated Eureka 07 0712 then do they seek supplies And 24 'Crescent Eagle Ott 26 Croft 0112 0212 it'll take time for all this to shape Crown Point 07 0512 up for work to get going 04 05 'Dragon East Crown Point So though there may be a few 05 0312 041141 04 'East Standard quick "publicity" starts the real East Tintic Coalition 12 06 xEasl Utah volume will not be until 1950 And 55 59 04 0212 Empire Mines it requires time to build homes 'Eureka Bullion 07 08 'Eureka Lilly Con 18 19 Politically 'Timed' Eureka Mines 05 07 'Eureka Standard 21 2712 g Therefore don't expect Gold Chain 01 03 xGrand Depotrit 03 homes to be ready for 0312 Great Western 05 10 tenants until late 1950—politically Horn Silver 11 14 "timed" for the next congressional 'Howall 13 15 Kntucky-Utal- z -C- By LOU SCHNEIDER NEW YORK Dec low-price- fo 'You Help Establish Polley' Utah Oil TellsiManägers Government Housing Project Held No High Cost Factor narrow Bonds—Irregular some rails improve Cotton—E asie r liquidation Public Lacks Understanding Of Industry Capital Needs the SHIFT BOSS By So much has been said and published on the subject of the great Increase in plant investment requirements of industry that it is difficult to understand why the problem is riot understood by the general public Perhaps the subject requires more specific and detailed treatment similar to the following from THE SALT LAKE TRIBUNE Thursday December 16 1948 TRADE WINDS 511 Boston 1 The annual meeting of the Policyholders (members) of Standard Insurance Company will be held at the Companys offices 1112 8 W Washington Street Portland 5 Oregon Tuesday PM for the February I 1949 at 3:00 purpose of electing successors to the Directors of the Company of the Class whose term of office expires fiLt that time and for the transaction of any other business that may properly come before the meeting STANDARD INSCTRANCIC COMPANY a W a Calderwood Secretary - 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