Show The Salt Lake Tribune Saturday November 12 Up and Down the Street 23 1955 Here and The16 in Business Business Daze Spur! by Rails US Silver Price Bilking Strengthens Stock Market People Idahoan Asserts I W f Mr Marsh said the T treasury sale price sets an “effective ceiling price” on Mr Bernick — domestic silver— And he reminds the Idaho senator that coinage value of the silver from the United States Mint is $129 per ounce— “a price which has been in effect since the passage of the first Coinage Act of 1792” ------ --- as Treasury seigniorage “This gives an average net return of about 90 cents an ounce to the silver producer in the United States” Mr Marsh says The difference between the price the US- - Treasury pays for domestic silver and the coinage value of that silver is about 39 ” cents that In the past “profit” was taken by the Treasury - "I share your disappointment’ Now the Treasury is handing it to the silverware makers at probable expense of the taxpayer Ten Leading StocksIt is view' of Mr Marsh and-th- e western Industry that the silver purchase program should be continued but that the seigniorage charge should be either drastically re88 500 Got Mot mw duced or eliminated 60 000 Pnnhand Oil 300 32 Ward "This combined with an enactment prohibiting sale of JMontgomery 1 Chase 19000 Jess-than the coinage value established by Treasury silver at Congress would clear the way for an orderly advance In price Friday’s Quotations in keeping with the demand and the increased dost of producSale in lOOsICloMfChtf in Selee 100CloaeChg tion” by western mines Mr Marsh said lead-silver-zi- DouelasA Dreaserl DuPont DuqLt 'll 12! 4l 99 09 04 73 unch ' Salve-i- n TEMPLE Owenlll PacWOil PanAWA PanhEPL PanhOU ParamP Pennev PennRR ' - ACROSS N0RTH Suitablo for Bowling or Ice Skating arena Super-MarkZoned "Commercial end industrial" Phone Elgin 440 W N Temple Soli Lake City Utah X J 4k 97 1011204 lie -- Firms Announce PlanS ToJMefrge Interests 2 1434V 3 1334 Investment Firms — 1428J4 19 103V 4k -- 3106V - do NJ DETROIT — Square D Co and Electric Controller & Mfg Co of Cleveland plan Electric Cofttroller would re- -j ceive 14 shares of Square D tock for eactLshare beidpfJts “ StOCK Friday’s Quotations 95 US’ 61 9644 W Bid I t 42061 Affiliated Fund Ine Am Buaineet Muree Atomic Dev Ax Houghton A Boaton bund Can Gen Fd 1054 Canadian Fund Ine Capitol Ventura Comwlth Inveet Plveraif led Inveet Dividend Share Howard Bal Eaton A — do Slk Inv Electronic Fidelity Fund Fncl Ind Fund Incorp income I do Inve Keyetone Catdn B-- l do B 2 do B 3 do B4 da K S 19 61 28 04 lc 17 41 12 04 18 64 290 12 84 21 0 484 64 days 410 14 87 70 —r — — 0( 12 35 21 49 12 90 17 54 12 91 13 42 996 700 41 7 01 8 48 1100 9 27 14 03 42 1172 811 - brings-- 99k 0 19 20 99 worth dollars it i buy— IIS Ui I the Street From Beautiful Se Rancho Motel! H O - ’ Declare Dividends NEW Caff declared a- - regular quarterly dividend of 10 cents a share and! an extra dividend of 10 centf On common both payable Dec 31 to stock of record Dec 9 Firm paid like extra at this timL YORK-r-Thermo- Produce Market id CHICAGO Nov U (UPV— Produce Llv poultry! Market eteady 16 trucka Chicago Poultry Board pricn change ' line Thuraday- ‘ ‘ ’ ’ Hybrid bareback Leghorn and last year- Hen: T! No S — 16 rent a pound th becauea Butter: No receipt office waa eloaed Friday Mara 93 ecor 57(4 cent ket eteedy pound! 92 score 67 96 seer 54i 99 SAN FRANCISCO — WesteriW" acora (9 90 cor 54(41 cariotii 56(i Railroad Co directors score 55 Pacific Egga: Market firm White larga extras authorized purchase of 49 cent a dotam mixed larga axtrae have 48i mediums 40 standard 42 current 410 additional freight cars at receipts 36 dirties 29: check 28 WP to Buy Cars a AVPottoei IDAHO FALLS (A —Moderate wira inquiry! demand moderate! market steady! many ahlpmanta from previous sales Rueaata sacked minimum washed par cart or 4-sit A delivered alias shipping baaia: fob (hipping point 100-lpoint sack US 1 1020 par cant 3 302 40 30 cent Including U S extra 1 2 40 per 2 55i VS S 1001b 2 50 occaeionelly avk Sox minimum 1 301 35 occasionally 1 40: f o b cash trackx 100 lb aack or larger U 8 ' 1 1070 per cent 2 103 20 2030 per cent 2 202 30 30 1 2 10-- 2 per cent including S extra g minimum 33 U 6 a 1001b sack few 125 estimated cost of $3750000 Pur chase will include box cars flats And Call Me Up V BUY A DODGE WALTER I EL Uranium Camsteck A URAIilliU STOCKS esrt r covered-hoppe- LARSON 9-76- 55 t Diaast Oil SMuritiat aa ' Office ' Building Medical Clinic or write Dept S Care Se Rancho Dec March May ehareii 1959 to date July 569401158 Sept - Dec Egg Market - March LOS ANGELES Now 11 (UPV— Egge— Wholeeele uncandled producer AA greded for aiao 40 per cent30-4- grade 0 tmaU medium A A Urge AA 31 medium A 3644-3- 9 Candled to retailer for dletrlbutort planta delivered one cent higher car tone three cent higher! grade A A extra Urge 44-4- 3 68! AA large 55 57 A A A extra Urge 0 medium grad A medium SMI rr 31-3- 2 afadi' n UifL 62-6- 4 - - (UP— Grain - 1 an raqutot 8 193 Vk Low 1924k 194 120Vk 1 1 3144 1 1304k 133 1 35 Vk 133V 132V 62 02(4 82 0344 2 04(4 2 OSW 2 024k 2 034k 1 904k rang! Cloe 2 0244 82 01 S05V4 2 02(4 2 03(4 1 904k 1914k 193Vk 183 High Open 2 044k July Sept 07(41 U5(k 1 3044 34k 130'k 133Vk 136( 132V - 1 1324 WMt March t HV HV 1 14(4 ?? 1 131 !"' I 1 10H 111(4 13(4 1 f if H if Soybean— 2 34V 2 30( 2 40 2 43 2 41V Nov Jan March May July Old— AA — Jan 138(4 2 41 241V4 339 240(4 2 3 2 2 2 34(4 38V 40H 41 39 2 2 2 2 2 -3 CO —oooOooo— 1 0114 05 06 07 0114 '‘"'‘I 39 42V4 URANIUM STOCKS ‘ WANTED 43 £5 m £7 listed Stock! J1 0 1 07 ttT BRADLEY-BADGE- DA - 01141 05 06(4'11I(4 00(401(4‘ 01 Order liutd an All Uranium fieuae CO CRO11EU lROKEUAGE Sulldea TWX to 04(41 07 01 05 01(4' tuba R SB I- ARE LIMITED J3 C I Jt-£- jt g 00(4' 01’4i 05 I £5(4 t 'j Lucky Strike t M 4 ( 64 6 04 rrrr rr BAS Shumway Sfandord — 200 While Conyon 110 tttilthle Other quote! tons upon Kunder Ask Mr for request - I OS 41$ NECESSARILY OS £5(4! Contolidotod QUANTITIfS ACCEPTABLI I 00(4 1A5T DAY SATURDAY BOR STOCK ACCfPTANCI Cumito 02(4 15 AO'iLOO'i iri Federal j 11 accepting th following tT pticef quoted in tetpiling Jkcbtngi spplumcet tnd television: V 4 BOARD OF DIRECTORS — LAKESIDE MONARCH MINING” COMPANY fl £114 £514! 06(4 30(4 40V4 05(4 044 £1 - OF A tpocial mting ol glockholdcri oi Lokaald Monarch Mining Company will bo called to the very near future Thii mooting U will bo of great interest to our ttockholdort you bold itock certHicatoe not recorded to your name have that Mock traniisrred 'immediately at the office of our transfer agent S22 Boston Building Salt Lake City Utah to order to rocolys full Information on tbli - !?- - 34(4 -- S 42(4-- 3 33(4 37JL373k 237V 2J7Vk 32W- t- STOCKHOLDERS 13(4 01 01 OVh 04 £1(4 1 lOVk Sept ) 02V41 IS f JO 07(41 01(4 1 04'4 03(4 B1V4I 1314k 1 36(k 00(4) Rye— OS'ki IM'klll1 2544 131 £0(4! SPECIAL NOTICE - — J 244k Oat— LAKESIDE IIOIIABCII IIIIIIHG mooting - May v Mr Butter— Fricea to retallrrr greet 64 60 grad A 6486 grade £ -- C-- j” Grain Futures “CHICAGO Wheat— - ST ' ‘ ing from Boeing Deliveries are scheduled in March 1959 10 71 1 81 0 77 29 41 85 ' to 244 million 118lv 84 78 ' NEW YORK — Americas’: Airlines has placed a 135 t million dollar order for 30 Boeing jet passenger trans- American’s r order ports 35 17 10 61 40 42 20 82 10 26 W W Orders 30 Jets 2811 2139 19 25 9 39 10 10 7 9 mo-tio- 10 13 11 0 TOKYO— otr 400 10 07 10 50 31 70 88 10 07 11 83 12 30 0 12 0 39 32 53 9 81 1 ’ 455 15 v n Japan and US picture firms have reached — agreement on disposal of nearly' $11 million dollars worth blocked Japanese currency earned by American films here it was announced The agree4 ment will be signed in a I etf 0 31 18 26 25 19 11 19 927 Firms in Agreement Asked S 14 75 0 47 do S--4 Knickerbocker Fund Inveet Tr Mas do Growth Stoijk Vat nil lnv Fund Nstion-wldBal Fd N Sec Pfd Stk Serial do Income do Stock Putnam (Geo) Fund Telov Electronic' United Accum Fd do Continental do Income Fund do Science Fund Value Lina Ine Fd Wellington Fund Over the Counter I 13 53 5 95 18 29 11 14 17 23 5 48 9 20 9 58 1 64 21 30 19 64 4 45 14 47 3 81 do K 2 do SI do S 2 The following bid and aaked nuotattona aro obtained from the Utah Securitlet Dealtrt ouoUtlont committee They do 12c not repreeent actual transactions and 1 35 ConaoUdated Eureka 100 at am Intended a a guide to tb rang 7c 1000 Crescent Eagle Oil 83)00 at ee curl Ilea eonld within which thee t7e have bean told In th at 16c Croff 13)00 at 15c 3000 "bld“ or bonght tat Indicated ’to th 1000 at “aakad eolomn)"' East Standard' 1000 at 16c 1000 at 10c Friday’s Quotations Horn Silver 5000 at Sc MajeaUc Oil 5000 at SVkc Industrials and Utlllti Mountain 8tateg 8000 at 3Vhe Nev-Ta- h 1000 at lllfc 13)00 at UUe hid I Asked 810 001 Ell 00 North Lily 100 at 1105 1200 at 6105 Amalgamated Sugar 10 25 do pfd Park Konold 1000 at 9c TOO Bonneville Limited Piute Uranium 1500 5 15c 00 Horn Acceptance Com at 12c at 1000 100 00 73)00 do 12e pfd Proaper 60 500 at 12c 1500 at 12V4C 1000 at 14c Indapend Coal A Cok 28 25 Fuel Supply 1000 at 14Vke 1000 at 14Vkc IDOO Mountain 26 50 Salt Lake Hardware at 14c Boyaton 5 000 at Sc Silver Shield 4000 at 2e Tintlc Lead 2000 at 5c Tintic Standard 300 at 95c 300 at 13c OU 300 at 55c g Curb ialaa Bristol Silver 1000 at 5ke Eureka 100 at tl 36 1 Con Croff OU 73)00 at I6V1C East Standard 4 000 at 16c Silver Shield 5700 at 3c Tintle Standard 100 at 95c WUiiaon 1000 at 23c -- a 1954 Nov Dec 914 131 4Vk SlnclalrSoP 4'k ue ’ Nv do FTT insjv 310214 4oCp- MoP 6Vk do 4a share-vers- Salea In 61000 Cloae Chg Jan Vk 141 914k NYCnt 5 March 14k lilt 67 I’k NYNHH r!100V 4i S4LSF 4 141 79Vk sr GenMtra ended June 30 net was- $142376 or nine cents a $249220 or 17 cents a share ia? Chicago Mercantile Exchange Vk 1104 DASL3 4g PowChSg ErlckVki SALIS 354427 p320- i TEMPLE k ik SI heifer Bent Banner BigHill Bonama 08 1001 29 to coneumere in carton— Price AA medium Grad AA large 3 A medium 48 57 grade A large A email 30-4- 3 23 24 Live poultry— Broiler dryer heni 22 34 fryer caponettee 25-2- 7 14-1- 0 0 croea hang heng light type tome heavy 23 25 turkey heni 33-3- 3 (under 30 !b 35 36 torn (over 28 lbe) II- - I Ui i — Cloae Chg In 61000 ' 196836982 9 Banner 1000 at 6823 5000 at 3'kc Bonama Brltol Silver 2500 at 5 We Cardiff 100 at 61 00 Combined Metala 1000 at yiiM v A9$'- - S40- - Sale ng Cor- n- SOUTH — SI 341 531 dopf ChlefCWar Clayton Colorado ColRexall CombMet Comet ComLead Comvtk ConEurek CrEagOU TrOff 52 CrPohit Dragon ECrPoint EeetStd ETinCoaln EUtah EmpMine EBulIn ELllly EuMine EuStd S 000000 S ACRE RIOT with occtti frentog 5th ood dh Wert Street Will give long ter leaie on kind or will build for roipomibl 175"3 39H 6! 13 NatGyps Nat&teol NalSup NewmtM NYAirBr ’ ‘iojf— WebbAK Friday’s Quotations' NatDairr NatDutil ADVERTISEMENT A- Vk 14k 1031 33V 3‘ 4 SvkU Vk 5 090000 snares! 1959 to data Bales Friday h imi mm Salt Lake Stock Market MiaaionC ADVERTISEMENT lennontw 924k 3il044k 141 8 OhioOU OHnMath Olive rCp SL FRONTAGE 4 Whrt 44 OhioFd MmPAL itock galea Friday so 79 1 t' S '- Total NY bond aalei Friday 63430000 1955 to data: 6919 377 000 Totai American bond (alee Friday 630000 1955 to date 631711900 Northrp Brokerage Co Salt Lake City ThursProduce day was reinstated in active membership of the Salt Lake Stock Egg (price! by looe docen) Grgd Exchange Lyman L Cromer exchange president reported -- AA 51 A large 49 medium 40 B large' The company had been suspended until it complied with 46 Rule 3 Article 13 of the charter of the exchange which re- Cbeeeet Mild loti 36 mUd longhorn 3a quires all members to submit an acceptable certified financial Ij9- mnl tr)plu 88 cr M 81 cor 80 report to the exchange upon request of the Board of Governors BEAUTIFUL NORTH CenPec ChlANW Monsant Motorola Murray NstAviat NatBisct NCashR Total NY 4k II 94 11 MinMAM s ADVERTISEMENT Sales in 100aloaeChCi— MarrittC MiamCop MinHny Brokerage Regains Exchange Seat Christopulos-Nichol- d34kl McKasuR ENGINEERING CO also of Grand Junction submitted a letter stating It would be interested in the contracts But according to R G Sullivan company vice president Minerals would not give up its position in uranium mining an engineering to accept the sampler management contracts ’Among stations affected would be the Monticello White Canyon and Moab in Utah 14384- - i 131 104k It Jl'3 104 IHIdSut - 4 4 VuKSULd 2? 90 129 181 Mlydanm MtSTAT NJZInc 34 1121 fifl it CltlvsSer 3111034k 1891 81 k 1311034k ATTlHl IntShoe IntTAT HCCoal JeffLekS JohnsMn JonesAL JoyMf KanCSou KelseyH Kennecot KernCty KresfeCa KrassCo Kroger Lehman LAFGUg LlbMNL Lifts A My Lockheed Loews LoneSCm Lori Hard LouANsh MackTkg Macy MagmaC MartmGl “MclntyrP MINERALS Vk Clan Chg 61000 AllledCh AmAFP IntSalt (The latter firm apparently isn composed of ASAR emsand the assay ployes who directedthe rampling-operatiolaboratory at Grand Junction under the contract now expiring Mr Gaines is manager James M Latimer assistant manag’er and C K Jackson office manager) Vk 349 114 SPOKANE — Sunshine Minti- CHICAGO Stredyi trade alow Co reports net profits of Corn’ Ttrmi cold weather (oreekeL Oetei Firm with corn for quarter ended $265470 top 4 Hoe:- Mixed: lightweight higher! $14 30 comparedWilK$243l--125Vk nominally Sept' fettle: Sleerg Vi eteedy tow 619 on choice -lor like 1954 term Quarter Friday’s Quotations IntBMa IntHarv IntNlckel -- k- 93 New York Bond Market Jntlakel director Erskine — Uranium Purchasing Corp Denver Colo R George Silvola director Antelope Mines Co Riverton Wyo N P Juneman director United Sampling Service Grand Junction Colo Margin N Gaines president i4t3i Total American stock Hayden C HiltonHt HoUandF Homstpk HoushdF HowaSd IdahoPw ItlCent IndRayn InspirCp B Mayo Vk HaclaMm HumbOiI Sol 4 4 t 4 24 381 3441 - HercPdr Nl Vk hnptHI KaisarM 70V T lVk Mdrrtnp I 13 Maaabilr 13112)36441 Grayhnd GrumAir GulfOil HartSM ’ w FlyTisar GienAWn H Goldfield 1- 55 191 etwstr Denver Research Institute of University of Denver Shirley A Johnson director Chicago Development Corp Riverdale Md Reginald F Dean director Ledox & Co Teanec Louis Pierre Ledoux partner Luciius Pitkin Incy New York -- 6a tee NewPkM IN O'okiepC 4M- I- Vk PacPatL Vk PanlsrOU 84 -- 4 ISV-lPentopOU S PreatnED 1441 4 9 ShattckD "3101t 4 SharWms Ak'fBonotono 39 S' 29! 341- - 4 Technical B5r 94 r 4 TfiContW S 484) 4 VRFoilB 0 14! 9 49 ml i nl GtNrRy Under consideration are these firms—which are not engaged in domestic mining or processing of uranium: - 3 Goodyr GraceW GravsnR GtNIrO Grand Junction Operations Office of the Atomic Energy Commission has postponed until Monday selection of a management company to rum eight uranium ore buying stations in the West American Smelting & Refining Co is relinquishing the “ contracts: 174414 ’43’ 100 4V 14 97 27) 03 07 91 02 GairR GanBak GenDyn GenElae GenFds GenMtra GenPfct GenTAR AEC Postpones Action on Company 7 13 5 'l- Selee In 400ICloh 4k - 41"--4- j - H EquityCp H EurekaC ledarPat 2M 30i 19Vk 58! 4Hl FruehTr The increase In total personal Income in Utah during the past 12 months has not kept pace with the national average according to the US Department of Commerce The increase was only 04 per cent from September 1954 to September 1955 while the hike nationally was 07 per cent and that for the 12th Federal District 14 per cent Idaho and Oregon actually lost ground the decline being 2 2 per cent in the Gem State during thq year and that jpf — — Oregon' 09 per cent' Nevada gained 88 per cent Utah’s personal Income was placed at $1126000000— considerably ahead of Idaho and Nevada but below Arizona California Washington and Oregon ' Bale in lOOsfOoaeiChc Exchange NlasMP NorfAW NAmAv NoPscil Eastman ElAutoL EiPasNG EmersnEl EquitGaa ErieRR Evershrp FairbkM FchldEA Feddera FidelitP FUtrolC Food M a FreeptS Utah Personal Income Rise Lags rM Sunshine Mines Note Profits at Quarter Hlhr- NEW York (AP)-4ta- clu: telly resume quietly Bond’ Mixed) roreoretee Improve -Cotton- Merkel doeed Friday’s Quotations ‘ NYCASL EntAlrl Markets in Brief American Stock Exchange -- I r r d “ Merger of Lion Oil Co into and with Monsanto Chemical Co is providing the oil people with more exploration funds The budget of Salt Lake District office for 1958 was upped three times that originally projected following formation of Lion Oil Co a Monsanto division d - Fumiihed by J A Mod tnd Co Member of the New York Stock Relit Induet Volume Hourly No Se Traded 310 000 474 18184 146 00 S3 Hem Advance Noon 740000 475 112 SO 157 65137 1 137 000 02 Decline 475 1020 68160 543 pm 7 P m"T 1 580 000 475 933 43 157 981 90 Tnchanged New High! 3 pm 1590 OOO 476544 01 139 003 53 New Lowe 3 000000 Totel Clote - — Volume Hlgjh Low 40 Honda 30 Ind 326200 478 01 472 21 470 544 02 10 Hide Grado ReUa-1082100 10039 15019 159 60352 20 Ratlt 10 2nd Grade Retie 64 31 64 68 37 56 800 64 77 15 Utile 10 Public I’tlla 65 Stka 337800 170 03 167 5d 169 532 02 19 10 induatriale 1521 It Commodity 6utura Index Mcrger Ups Oil Exploration Funds suss? jsz - rP US Sells Wool Averages Dow-Jon- es i Monsanto Chemical Sets Dividend New York Stock Market "AT THE PRESENT TIME the domestic silver producer receives the $129 per ounce price for only 70 per cent of his all for the 30 per cent taken by the Servlet g rt roared up the grade Friday and dragged the rest of the stock' market to the best levels of the recovery movement Oils mo--1 tors aircrafts chemicals artdL mail orders had strong advances Southern Railway rose 5 Atpoints Union Pacific 6s lantic Coast Line 2H Delaware Si Hudson 24 Baltimore & Ohio 1V4 Louisville St Nashville 2t4 New Haven 3Va Nickel Plate lT and Illinois Central and Kansas City Southern a point each New York Central was unchanged and Pennsylvania up ? Volume dropped to 2000000 shares from 2550000 on Thursday The market was the narrowest since Oct 9 1953 Only 1074 issues were traded if Mr Waugh said the bank Is Funds loaned by thd Export WASHINGTON DC — The also “giving active considera- - import Bank would finance the ' Bank Is considExport-Impotwo nitrate pro- Co Chilean-owneto loans machin Usc ering nltratejwou ducers in Chile firm which also wants to ex- - ry and equipment from the ' ' US (The industry has been de- pand — — pressed from competition with nitrate produced from natural gas and other sources in USA and Europe) ST LOUIS MO — Monsanto continue at or Aear the levels of j‘ Bank president Samuel Co declared a regular that time” Chemical the confirmed reports Waugh bank has been asked to help quarterly dividend of 25 cents finance part of the cost of a a share on common payable 25 million dollar expansion pro- Dec 15 to shares of record Nov WASHINGTON DC — The ) gram of the CIA Salitera Anglo-LaUtar-o 25 and a 2 per cent stock diviDeparment atvi dend payable Dec 20 to stock of Agriculturesale of nounced 1009869: record Nov 25 Word of the loan applica71 of government-ownepounds to with Lion Prior merger from come earlier tion had wool in first deals under its Co C A Oil in September the firm’s chairman Harry Thomas Monsanto president new competitive bidding policy Guggenheim Wool was sold at 72 cent to stated directors planned two bi-- a tm $130 annual cent 2 dividends Is of predomim per BThe”company Bids to buy about' 20 mil-lio- n grade' business and “provided activity ately owned by private US pounds were received last a bank statement said the combined company profits v week Dnw-Jonp- New York Time Service NEW YORK Nov 11— Rails By Robert W Bernick ' Tribune Business Editor Harry W Marsh secretary of the Idaho Mining Assn believe the American people are being bilked out of about 38 cents value on each troy ounce of silver being sold these days l?y the US Treasury to plate manufacturers He says in a letter to US Sen Herman Welker that “Domestic industrial consumption of silver is far in excess of the annual silver production of the United States This normally would produce a healthy price structure were it not for the fact that the industrial consumer can obtain his requirements from the US Treasury at 91 cents an ounce whenever he is unable to buy on the open market at a lower price” Bailk Considering Chile Nitrate Loans j Main 1--4 fait 0 27 Exchange rtotL-fF-- Lake !'t bukaafa 7taca ah Ink Elgin City L— Elgla Utah AZv 05 01 'a t f at J 0'4 |