Show 37HE SAM? LAKE CITY UTAH "WEDNESDAY APRIL 11 191? HEEALD-EEPUBLICA- N Trust Companies Plan 9 Mines Mining Stocks Industrial and Commercial Quotations $24614 HUGE BLOCK RICH ORE General Manager Fred H Vahren-kam- p of the Empire Copper and Copper n Mining companies and Moroni Helner vice president of the United States Fuel company have returned from the Mm'kiiy illstrict Idaho where they went to inspect the mines the “There is no question but that nr-body of ore developed in the Copbiggest of Its kind 1:- Tin si n is tile od Mr Vahrenkamp W e known” tons hu e al read v blocked out GuOOOO W hn vc an absolute ore body of i feet along its length developed lor1108Pofeet e roe sent for and 173 feet deep The ore as it breaks averages 343 per silver and 80 rent cupper - ounces mass we figure cents gold The great while there averages $2oofto 12$31to a14ton feet wide runare streaks the body that sample 14 ningto through 24 per cent copper" lip In There Is considerable snow still the the Mackav hills and at present Basin efforts are being directCopper ed only toward blocking out ore and for a heavy placing tiie mine in shapearrangements Preliminary production are being made for tiie erection in the treat the near future of a large mill toThe mass of ore as it breaks plnnt will likely have a capacity of 300 tons Mr Tiie Popper Basin is owned byMoroni John TMngree Vahrenkamp all of Salt U finer and O P Soule Lake The report on the Empire Mines Is Is being mainthat the dally tonnage This ore avtained around 4130 tons It per cent ascopper erages 33 to Is of the same character its neighbor Mnaflrtd Mine Mr Vaiin-nkamreports that the Boston development has four carloads of ore in the bins of the Maxfield mine estiin Big Cottonwood which he mates at $70 to $:0 a ton in A new hofiy of ore three feet wide has been developed near the foot This block incline of tlu of ground is reported looking better is to break than ever The expectation on the west side Irto the ore bedding This work is at any round of holes the dip under’ the nionntln which on formation would give a depth of of the 24iMi feet Tim canyon roads will about be soft for probably two weeks or more v - dc-la- i i i p lead-silv- lOOu-fo- er ot WALE RICO WELLINGTON PAY INE BLOCKED OUT IN COPPER Business on the local mining exchange yesterday suddenly sprang forward In volume from $11865 on MonIncreased day to $3461494 In some yesterday of the higher-price- d trading stocks like Silver King Consolidated Iron Blossom South Hecla and Tintic Standard brought up the figures However the effects of the war shock still abide with the exchanges both locally and in the eastern centers and the temporary effect is downward Yet when the first effects have worn off the general expectation is another "bull” marthe line Nobody can ket all tell how along low the market may stay down but wherever good meritorious stocks have these temporary depressions some are advising their customers to step In and make investments King Consolidated sold down to $393 Iron Blossom again to $110 while a number of the stocks were off a point or so Kales yesterday totaled 107916 shares valued at The official clos$2461494 and sales were reported ing quotations as follows: low-pric- ed Bid I Ask Alta Michigan Antelope Star Alta Consolidated Alta Tiger Albion American Con Alta Tunnel Alta Germania A tid le A t r o tv h ead A rgonaut Bullion 14 q ey Big Four Exploration Bingham Amalgamated Big Cottonwood Bannock Gold Beaver Copper State Beaver Lake Metals Com Phoenix Cedar Extension Cedfir Talisman Columbus Ftexall Colorado Consolidated Crown Point ( ardiff ( roff Cottonwood King Cottonwood Metals 1 C I Ira‘gon Consolidated Demijohn Paly-Judg- e Extension Empire Copper Eastern Prince Eagle & Blue Bell Emerald Emma Consolidated E a rl a g It East Crown Point Consolidated East Tintic I arhonate East MAY ERECT NEW MILE East Antelope Eureka Bullion Eureka Mines Fort Kail Gobi in (ha Trail from the leer "Word conies Central mine at Marysvale that is encourag- Grand Great Western savs tiie lliclificld Ilerper: ing" oie will be (I tI i m ell "It is’ rumored that a mill care ok of erected immediately to take Bun bodies of low grade ore HomeBlossom the whichlarge have been tapped Unusual ac- Iron is manifest at this noted prop- Indian Queen tivity el tv‘ Three shifts are running and a Iren King H & K car of good ore is being shipped every Judge stone ICpj means that This twenty King UavIiI other day tons of shipping ore is being delivered Keno at the railroad every day Tintic spring there have been ru- Lehi Every Leonora mors of expected activity at Marysvale Little Bell and to those who knew the deposits the Lower Mammoth and veins of that mining region rumors were always holding out a Iogrger was at length Lucky Boy hope that Mnrysvale Monzonite her own and that great coming Into was bound to come Not un- Monetalre activity til the" alunite properties began pro- Miller Hill Pay duction diil these rumors assume def- May Mineral F’lat inite directionone and the Peerto T$iil Mosco iv make of the first propertyAllwas Major Evans winter a force of men has good beer- rt work and the oro has in- Michigan-Uta- h Quincy creased steadily in value and propor- New ITn of development Naildriver ani:i--tion Hills launched last summer has brought to Nevada e a than were posibililies light greater ever dreamed of Tiie erection of a O K Silver mill and the reduction of the low Ohio Copper ores will usher in a new era Opohongo grate of prosperity for Marysvale and all Original Bannoclc Old Crater the country tributary thereto and there is no IMoche Bristol If this sueef-d-s doubt hut that it will succeed other Plutns pronertle' will be hound to experience Prince Consolidated a reaction ami an unusual activity Paloma may Le looked for In the Marysvale Paloma Extension Price Mining properties" Provo Rico Argentine TnilV Market Looked Reeds Peak Rico Wellington Mines For in Some Lines Rochester Smith Standard South Park M & D Hy Badger Bros’ Private Wire') Sells New York April 10 — Igitost developSyndicate ments suggest 1mt the market for se- Seven Troughs curities win be a bull affair Seven Troughs Coalition for the prosont in whichtrading active oper-nio- Silver King Coalition wii! get reasonably satisfactory Silver King Consolidated i vaults Consolidated If buy on recessions and Sioux on rallies Certain Influ- Swansea Consolidated take profitsthey ential bunking interests are taking the South Hecla stand that large war taxation now will Silver Shield Extension South Hecla prevent inflation that may bring a very Extension nufavoral'v aftermath otherwise Sen- Swansea Secret tends rails the timent strongly toward a safe l nil propos! ion The pro- Texan Ta r B a h v the allies also be supplied Tintic that posal with war materials at the same prices Tintic Central as made the I'nited States government United Standard Tintic may cause some further selling of war Utah Consolidated stocks — New York Financial News Union Chief Victor Consolidated Whirlwind New York Curb List ilbert The following quotations arc from W est 1 oledo Badger Bros' private wire service: Walker Woodlawn Yankee Consolidated DEER TRAIL Knight mining companies held their monthly directors meetings at Provo yesterday and three of them declared dividends They are the Iron Blossom and Dragon 5c Rico Wellington toBlossom’s Iron will This lc bring tal up to $3000000 Dragon’s to $37500 and it is the Wellington’s Initial The account of the meetings at Provo yesterday is as follows: At the meeting of the directors of the Iron Blossom Consolidated Mining company this morning the dividend for the quarter was cut to 5c from the previous rate of 10c a share The dividend means the disbursement of $50000 and makes a total of $150000ofposted and paid this unfavorable weathOn account year er conditions the company has not been Its dividend requirements since earning the year The copper ore first ofsoon the be opened by the long will body on the 1700 lev from the Noex- 1 drift shaft which will allow the ore to be tracted moreof economically the dividend will be made Payment 25 and the books will close at April noon on April 16 Directors of the Dragon Consolidated have posted another quarterly dividend of lc a share amounting to $18750 which is the second to be posted by this The dates are the same as company the Iron Blossom The company is declared to be in shape to increase shipments at any time and at a lower cost Rico Wellington today posted Its first dividend amounting to $9900 A divia share is paid the minority dend of stockholders represented by 490000 shares and c a share to the majority 51000 stockholders representing shares This is in conformity with the written agreement made at the time the control of the property was taken over hy the Knight Interests The date of payment is the same as the Iron Blossom At the meeting it was declared that the property is responding favorably to development and that the cash on hand and ore in transit amounted to $40000 The mine has been made to pay its own way since the Knights took it over has earned over $250000 Part of this It was on the purchase price of the propthe construction of a mill and erty for development work le I1 New York April 10 —Copper quiet spot and second quarter electrolytic 3300 (ft 3400 nominal third quarter 300003200 Iron firm No 1 southern 3900® 4000 No 2 3800S3900 Metals exchange quotes tin steady 5425 055 00 spot Lead steady offered at 9 spelter East St Louis delivery ofquiet spot fered at 10 At London: Lead £30 10s spelter £55 Spot copper £136 futures £135 10s electrolytic £151 spot tin £216 5s fu- tures £216 5s San Francisco Quotations MICHIGAN-UTA- H HAS ld Sears-Roebuc- ueal-yan- et al of the Managerh Norman W Haire will go up to Alta today to look into the matter of moving his ore off to market at a little greater momentum He now has stacked up at Tanner's Flat at the terminus of the company tramway a pile of ore that he estimates at 1200 tons From there to Wasatch the terminus of the Salt Lake & Alta railroad is but three miles However this stretch of road is now pretty slushy with the meltand ore teams have a hard ing snows The narrow gauge line from pull Wasatch to Tanners was completed rebut is not yet in shape to carry cently out the ore according to reports from the canyon Michigan-Uta- rights 11 un-da- ay 1 at 24 Phi er go rnmii 1"ciz— Butter — Firm April 44 "i Creamery Eggs — Higher Receipts 4340 cas-firsts 3157 32 ordinary firsts :( 31 at mark cases— included 2s5f1il 29 cars Potatoes Lower Receipts Idaho Unlnrado Oregon and WashingWisconsin and Mulliton 2rf-- 3( gan" 2755i 285 fowls 22 Poultry — Alive leaver springs 22 s t riAXID — Flax Minneapolis April J 209 S3C2'-- NOTICE TO C ONTRACTORS NOTICE IS HEREBY GIVEN THAT sea!eil bids will be received by th of Salt Iake county commissioners 11 o'clock State of Utah 16until county 1917 for a in Monday April Literection of three tqeel bridges on canicek two in tle tle Cottonwood yon and one onof the Gold City road the canyon near the mouth The bids are to be for: The erec tion of four masonry abutments 'approximately eighty (S(P cubic yards) 1 1 - OAKY New York April 10 — Mercantile rarer 4 0 1 11 Sixty-day bills 472 : comSterling: y bills on banks 47 2: mercial hills 4711 demand commercial 476 cables 47': 1'YancJ — Demand 5 iiV cables "67 — Demand 40? cables p'i Guilders r I ire a — Demand 716 cables Rubles — Demand— 28v cables Mexican dollars 5f:c Govern nient bonds weak bonds irregular loans firm: 60i'--i days 3 Time l 6 3 4J call irmnev J 'a months (lavs 21 firm high 25 low 2 ruling2 rate tff-n-last loan 2 closing bid te c using squared granite stone and emcnt mortar Tiie hauling of the steel and lumber from the railroad to the bridges and the erection complete ofandthe bridges to the plans specificaaccording tions on file in the office of the county commissioner road ami surveyor with Instructions to bidders together can he oband specifications plans L WHEAT— Ul jShares II tained upon application at me office 206 202 '”6591 208 of 92 92 the county surveyor and oad comAmcr Beet Sugar 45fti 95 : :i i s° i-j ns? missioner on' receipt of a deposit of $5 American Can 64iu! 443 43 43 juiy each Amer C & F 2100 65! 643 63 CORN — A certified check on some bank in Amer Loco 3300 67 653 65 VtTv 1223 127 Sait 12SJ' 125 972 Lake City in the sum of five (5 Amer S & R 1 2? 127$: 122 6(1111 int 1094 JulVj: Ainer Sugar Ref1 per cent of the bid should accomand the suc24 123 Amer T & T pany every hid submitted OATS— sooi be to furladder will cessful required 500 34 Amer Z L & 33J 628 G2V 64’ in 'he bond sufficient a and nish 78 good 22700' 7 ' Anaconda Cop CO' uVy C2' DRJ sum of 61' (60) per cent of the con90fhi 022 fifty Atchison U'l J tract price for the faithful execution Atl G & W I 8 S' 360011 05 102 1021 chuk — of the work under such contract B & O 76 76 640ih 76 ?5 27 8650 3755 3650 11 The board of count)- commissioners & S Coper 411 Wav W 8ft 14')0 4 2 42 3685 reserves 3675 3705 the right to reject any or all July 21 500 214 21 Cal Pet Idiis received 390O!i 59 157 3 157 Canadian Pa c LARD of county com84 By order of the board 84 Central Leather lSOOOj SG 2120 2010 20 S2 missioners Lake Salt for 2115 ' 21 county stare 800 59 Ohes & Ohio £73 58 Mav o0 2030 2112 of Utah 2137 ( Ml & St P 79 2700! Sn 79 July LA FAYETTE HANCHETT Chi & Northw 110011 RIBS Chairman of Board of County ComC R I & P Ctfs 1955 missioners Chino Copper 1975 1985 1920 May THOMAS HOMER Attest !l 19 SO 2010 1945 1977 Colo F & I July (Seal) County Clerk Corn Pro Ref as follows were Cash quotations 63 60S Crucible Steel No NOTICE OF SPECIAL HTOCKHOIil-KU'- S 2 red 219 0219 Wheat-- No 43 Cuba Cane Sugar 4l! No 3 2 hard nominal MEETING No 8 and Ted 16 164' Ills Securities A SPECIAL MEETING OF T1 27 S S' 26 Erie haSrn-N- o® 34: No Selma Mines ct I'yiilowNo13101 stockholders of the 151 63 !1G1 1:162 General Elec 4 yellow 130 S Second will be held at 13 11133 yellow 13010133 General Motors 2 14'l 117 Salt Lake City Utah on April 11 'll 0!1 1 0k Ot North pfd m standard The GC'fiOS 730 of the hour purpose at 3 p white No Oats 31 B' 309 30 do Ore Ctfs of this meeting is to ebct officers a'd 04 1103 :i03 Illinois Cent! transact such other business as may 2 LSI — No Rve 56 55 9 55’ Insp MCopper be properly presented — “ 550 450 0 Timothy M Pfd S3 Int S3! 1 15 0140 — By order or the president 41 41 Barley — 200 ff Soo Inter Nickel Clover 35 35 Int — 3725 Pork — K CPaper Southern 205 21 Lard— 20 6 2 0 2092 42 Kennecott Cop 42' Ribs 19200 1970 127 Louis & Nash Maxwell Motors Mexican Pet Unfilled Steel Orders Miami Copper Missouri Pac Reach New High Mark Montana Power Nevada Copper N Y Central! New York April 10 — The unfilled N Y N H & H United States Steel cor-4 4 tonnage ofontheMarch Norfolk & IV 31 was 117116 poration Northern Pac 134947 terns over of an increase tons Pacific Mall month and breaking all the previous PennsylvaniaCoal records previous --BjiafifciJ i— were 1156-69- 7 B Pittsburgh The Febriiarv was figures Ray Con Cop the tons which high previous ! 93 945' 92 Reading S TO 7S' 76 76k record Rep I 5b 249 25 Shat Ariz Cop 25! SUGAR 94 93ti 939 Southern Pac o New York April 10— Raw sugar 28 27 Southern Ry 95 94 nominal centrifugal 605 molasses Studebsk'er Corp ‘4 206 !20Kf 517 firm fine granulated 75'iS S25 Texas Co 37 134E 1359 Union Pacific Sugar futures were firm and active U S Ind A1 17:114 115 due to the strength of the spot market Through the and reports from Cuba that sugar carU S Steel lnpiosS'iosj were there tied IT S Steel pfd up owing goes being 178‘117'n7 09 1 10S 1088 to the refusal of captains to sail unUtah Copper was war risk less additional 24 placed on Wabash pfd 24' 24! 95 hulls and an increase made in wages Western Union 95f 97' 489: 47 West Elec 479 of the crews Prices at noon were 5 to 12 points net higher ROUND TRIP RATES The market closed steady 2 to 8 Total sales for the day 60000 higher Sales 24400 tons May 1 points shares Dining Car Service 336 July 548 September 558 Decem513 ber 3 NEW YORK R4I Unexcelled New York April 10 — Wheat — Spot EVAPOR (TKO FRUITS firm: No 2 hard 237 f o b New New York April 10 — Evaporated apInformation York: No 1 northern Duluth 225: No northern Manitoba 230 f o b New ples — Quiet HARTE THEODORE York opening navigation California Prunes — 90 301 Main St Corn — Spot firm No 2 yellow 145 1 0 J Oregon Strong 10010 — First c i f New York and peaches Apricots Oats — Spot easv: standard 7SiS7 TRk Raisins — Steadv j i i: A : Sj 1 : I 1 M ' I ' l - I ! I ! : I j ! I I I I j I I 1 T Consolidated March the first seventeen days in during 4350 tons of ore according to shipped an official statement issued from the Boston headquarters This it is declared is greater than the tonnage for any entire quarter of 1916 and exceeds the half of 1916 shipments for the firstwas 11135 tons The total for that year which brought net smelter receipts of The first $43888327 receipts were $11137: second quarter third $120667 $143544 and fourth $163533 It is estimated that when the second furnace of the Mason Valley smelter is blown In about May 1 that the tonnage treated will be near 1800 daily tons This tonnage is expected to come from the mines as follows: Fifteen Bluestone hundred tons daily from the Mason Valley mines 200 from the and Nevada-Dougland 100 tons sulphide ores from outside mines fluxing is now shipping The about 100 tons daily of first class ores This ore carries to Utah smelters an average of 7i5 per cent copper while that sent to the Mason Valley exbeenplant runs 35 The company has to from $5000 $10000 a month pending in developing and blocking out reserve ores in the three mines Nevada-Dougl- as as Nev&dA-Dougl- rs &s Alaska Gold Mines and Its March Production 08 04 120 00 04 122 01 01 011 06 04 04 04 UJ 12 14 13 06 According to an official statement the Alaska Gold Mines in March milled 217700 tons the heads running $109 This is the largest tonnage that the The company has treated in one month runwith 150000 tons figures compare 6 $135 in February and with ningtons running $103 in March 1916 04 06$ 175 14 197 22 10 05 06 162-79- Boston Range The following quotations are from Badger Bros’ private wire service: n-i-- Tonopah Production $ 173160 for Week 1 1 j ! r' - I few ’ ( CALIFORNIA f I Feather Kiver ? 1 I I I BI I I le lc lc lc 1 I lc lc Utah Power & Light Co Cumulative 1 First Preferred Stock APPEALS STRONGLY TO THRIFT and enterprise as it pays 7 per eent instead of the t per cent or 5 per cent yielded bj’ most investments where principal and earnings are so thoroughly safeguarded TIIE COMPANY’S SERVICE IS VITAL Regardless of war conditions this region must have light power and heat and it depends largely on this Company to furnish them The wide and constant demand for such service means the continued earning power of the 7 per cent stock which is first preferred both as to assets and dividends CALL OR WRITE US for statement of earnings or other information regarding this stock which we offer and recommend at $101 a share plus accrued dividends 1 he 1 — a ro d R I Smoot Securities C'p Walker Bank Building Salt Lake City i Canyon 11 lc-Ric- o v t 67S ! Production of the mines of Tonopah for the past week totaled 9360 tons valued at $173160 says the Tonopah OPENING SALES Miner The Belmont sent to mill 3030 at 11 c tons Tonopah Mining 1900: Extension Star 1500 22c Antelope 100 at 21c 2380 Jim Butler 700 West End 737 Alta Con 1000 at Albion 3000 at Sc Rescue 190 Halifax 213 Montana 102 Alta Tunnel 1000 at 8c Midway 54 and North Star 54 Bullion 1000 at 11c Four 100 at 75c 500 at T7c LIVE STOCK Big Cottonwood 2000 at 6c Big 10 —Hogs — Receipts Chicago April Beaver Copper 1000 at lc 14000 closed at 15 above yesweak Colh Rexall 616 at 79c Paloma Extension 1000 at 1650 a new high average terday’s top Cottonwood Metals 2000 at Sc 8900 at 40c record 161001635 Bulk of sales Wellington 2000 1000 at at 2c: 2c Demijohn Rico Argentine 1000 at 8c 158001640 mixed 156001630 light oOOO 1 c Point at East (brown West Toledo 1000 at 6c heavy 157501640 rough 157501595 at 4c East Tintio Con 1001000 o0c 100 at $125 50 at pigs 1175® 1485 Tintic Standard at Grand Central $122 Cattle — Receipts 5000 market steady Iron Blossom 1700 at $110 CIOSING SALES Native beef cattle 94001335 StockLehi Tintic 2000 at 2c ers and feeders 740 1015 cows and Alta Tiger 1000 at Leonora 5000 at 3c 5 85011 20 calves 90001350 Antelope Star 500 at 10c C000 at heifers Moscow 500 at 15c 10c Sheep — Receipts 17000 market un500 at 25c Michigan-Uta- h settled Wethers 106001300 ewes Albion 500 at Sc Neva 3000 at lambs 11901570 91001240 1000 Tunnel at Alta 8c 21 500 c Bannock at Original 1000 5000 Bo at 3c ley 91c at Paloma Kansas City April 10 — Hogs — Re500 at 80c 100 at 79c Big FourLake Paloma Extension 2000 at 9000 market higher 1000 Bulk of Metals at Beaver ceipts lc Provo 500 at 4c sales 9c 500 159001625 162001630 at Colb Rexall heavy Silver King Coalition 500 at $300 1605 01620 Colorado 1300 at 17c packers and butchers Con 1000 at $405 100 Silver 1500 155001615 13500 Calumet 1000 at 13c light pigs at $402 King Cattle — Receipts 10000 market highIndian Queen 1000 at Sioux Con 500 at 13c er Prime fed steers 124001300 Leonora 1000 at 3c 1000 at 3c 100 at South Hecla 100 at $127 beef steers 100001225 west1000 at lfc dressed Monzonite $123 ern cows 975 1260 h steers 1200 25c Michigan-Uta6500 at 1000 to at 4c A Visit Our Tintic Central 1025 heifers 9001200 Stockers and Prince Con 100 at $120 Tintic Standard 450 at $125 feeders 800011 15 bulls 7751000 Paloma 1500 at 9c Utah Con 1000 at 800 1300 Rico Argentine 1000 at 8c 1000 at calves — Whirlwind 1500 at 13c 1500 at 12c Sheep Receipts 5000 market strong 8cReeds Peak 1000 at 6c West Toledo 2000 at 6c Lambs 122501530 yearlings 13000 will convince you of our facilities for OPEN SESSION 500 1400: 10c 1000 wethers 12001300 ewes 1075 at Standard South at on the Salt Lake your orders handling 1500 at 15c 1275 Star 9c Antelope or eastern exchanges Bannock 500 at $110 Sliver King Coalition 200 at $300 Omaha April 10 —Hogs —Receipts Black Jack 500 at 5c 500 at 51a Silver King Con 300 at $402 400 10500 market higher Heavy 15900 Cedar Talisman 2000 at 3c at STATISTICAL $400 100 at $395 1620 light 155001605 pigs 13000 Colb Rexall 2000 at 9c South Hecla 100 at $125 of sales 15901610 E Bullion 1000 at 81c 1525: bulk Tintic Central 1000 at 4c DEPARTMENT Cattle — Receipts 8000 market strong Howell 1000 at 21c 100 at 22c Standard 50 at $125 300 at Tintic Full information or quotations furIron Blossom 100 at $110 100 at $122 Native steers 950 1305 cows and heifers 80001085 western steers 900 nished on any security Phone Main 94 $102 50 at $105 Whirlwind 500 at 12c Lehi Tintic 1000 at 2c 11150 stockers and feeders 775 Wilbert 500 at 14c 2000 at 25c Michigan-Uta- h 1025 Yankee 1000 at 10c Monzonite 1000 at He 1000 at Zuma 1000 at 5c Sheep — Receipts 7300 market steady Leonora 1000 at 3o 107916 sold Shares value Yearlings 1300 1375 wethers 1150 gelling 1275: lambs 140001525 SALT LAKE Paloma 1000 at 9c UOCEX $2461494 JAHogle&Co Kloss-SIWlie- 1 ii-pan- ( BOARD ROOM high-grad- Chicago April 10 —Violent breaks in the grain and provision markets took place today largely as the result of a forceful call for government control of foodstuffs but before the day was at an end there had been a big rebound in prices owing In great measure o the stubborn maintenance of new high record values on hogs At the point of severest depression wheat was off 55c corn 5s and pork $155 Wheat closed unsettled at $2063 to $207 for May ami $182 to $1822 for July with the marfrom Sc decline kets cas a whole ranging to advance compared with yesterCorn closed IS' lower to day's finish down ifh 4c to £ and prolc gain oats visions at a setback of 22c to 57c beprices Although demoralization of and corn it was gan first in provisions a matter of moments before wheat only too was reeling wildly down grade A rush to sell caught tin wheat general devoid of any aggressive supmarket soon as a condition port and there with brokers overwhelmed semiparic loss orders to unhy the flood of stop the head of one of load The fact that tiie strongest houses on ’change here on record as urging had gone openly measures Immediate radical hy the government to regulate prices formed for a time almost the sole influence that received any attention an hour elapsed before the feverNearly to throw wheat holdings overboard abated Then the sudden lightness ofa became the volume of offerings was source of fresh anxiety and there more a sharp rally that in some cases the previous decline than overcame Aside from renewed com strength derived from tiie hog market the absencea of rain in Kansas and Nebraska was bullish factor in the later wheat tradof milling demand toing Urgency witli assertions that foreigners gether were htiylng tended likewise to rally the wheat market Much of the living that brought was about a recovery in corn prices The early credited to the seaboard weakness of corn appeared to of due the mainlv to the intimate relation cereal to the provision market The Oata were relatively neglected sarr- cou'-smarket however took the as other cereals within somewhat narrower limits swings of In the excited downward was fact the temporarily provisions not that the hog market was AftIgnored in weakness th( general sharing chief force er liquidation had spent its prices the Inflexibility of hog though notice and there was received ampledemand for provisions again a brisk Leading futures ranged asfollows: " Low (’lose Open High i i Zuma April 10 — Measures already adopted by the federal government to prevent inflation of values were again an Important factor in today's stock market precipitatingoffurand short ther liquidationwar the shares selling An increasbetter known realization war that contracts will ing yield but moderate profits caused a of munition and general unloading issues equipmentwere Rails the ciiief element of e some stocks scorstrength material gains in the intermediate ing session but these were largely or wholin the more urgent offerly forfeited of the last hour Delaware Hudings son was weak at all times making an extreme recession of 8 points to 119 In anticipation of the companv’s poor annual statement United States Steel manifested more resistance than 1most other industrials to 1083 Bethdeclining only lehem Steel new stock fellwhile 5 123 to to 4 points for Crucible Steel with and Steel Virginia Iron and Gulf States Steel Petroleums metals sugars motors and leathers fell off l to 3 points with fork lialdwin Locomotive and 8 for Utilities were inactive for the gas issues Ohio Gas losexcept 3 ing points were ii at the outsetShippings but strengthenedregular s in tiie later in rails were limited to the leaders some of the secondary or inactive issues losing 1 to 3 points An advance in sterling exchange with cables quoted at price In almost a year was the the highest outstanding feature of tiie foreign exchange mar-kr rancs rubles and llres were firm The new high record in unfilled orders reported by the I’nited States Steel corporation for March occasioned no surprise and failed to stimulate anv demand for Industrial securities Bonds were a?ain irregular the international or war group showing gen-erwhile domestic issues strength rails as well as industrials made variable concessions Total sales par value $MS0ue0 I lilted States bonds were lower hy fractions to a point on call except the 2s which a registered made slight gain on actual sales VOliii STOCK 1 1ST New York " The following quotations are from Badger Bros private wire service: - I WAKEN WAR SHARES One of the recent Metal Quotations 1 Salt Lake conto Wyoming's great oil possibilities said yesterday: “Never In the history of the petroleum Industry has there been as much activity as at the present time and Wyoming is the seat of the Industry Rigs are going up everywhere In the oil districts and the black fluid continues to gush forth wherever the oil bearing sands are struck In the reOil gion where the Montana-Wyomin- g company has its holdings there is more than unusual activity This company which Is composed of Utahns has control of the best oil lands in the state Their holdings are In’ the fields where hte base oils are proparaffin ducedlight which contain such a high gasoline content which in view of the enormous denand for this kind of fuel make them of extraordinary value “In the Golden state the government has set apart certain parts of the oil section of the state for use bearing of the government and In in Wyoming the Teapot this has been done dome Oil as a fuel for the navy is no longer an experiment It is a realThe Diesel engine has demonity strated what fuel oil can do for shipand the demand therefore has ping become enormous Likewise is this true of the demand for gasoline Motor cars like the Diesel engine have revolutionized the fuel Industry three hundred million “Practically of oil are produced annually barrels In In the several states of the union which has just come to thee Wyoming front as an oil producing state prqm-is-in is of reaching fifth place a shortgiven while if It does not reach that this year Pennsylvania and place Ohio will certainly be passed and a close call will be made on West Virginia for fifth place "Utahns are taking a complacent in Wyoming for view of conditions are In the reason that their holdings the fields that produce the highest petroleum quality of made Theyin believe no mistake reachtnat they ing out as they did and the indications are that their properties will be among the most valuable in the state’’ SUCCEEDED BY RALLY INFLATION OF VALUES OIL WEALTH DUDS IN API verts lc a lti mot al v - WYOMING York April 10 — A resolution recommending that the trust companies of the nation seek iepislatior which will permit them to frry their deposit with federal gold reserve on reserve banks was gdonted unanimously hy the executive committees of the trust company section of the American Bankei' association at a special meeting here today The committee’s recommendations It adopted will do much to strengthentotiiea credit of the country according statement issued v the commission as the trust companies besides having $9n0000(irt00 in banking resources hold billions of dollars more in connection with their individual anJ corporate New MEASURES TO BLOCK UTAHNS WAKING UP TO SALES DAY Would Add Billions to Credit of Country s |