Show l V r THE WHEAT PRICES SLUMP SALT HAKE CETY UTAH SUNDAY MAY 27 1917 HEEAliD-KEPUBUCA- N ’ J AS EUROPEANS DISPOSE A'-- ' OF FUTURE HOLDINGS LOCAL SECURITIES f i VBBJfiAT £- - - IN STOCKS EXTENDS General business' In both retail and wholesale lines appears to maintain fair activity according to ' the weekly John C Cutler Jr letter The spring has been very late which has retarded & Li agricultural work and warmer weather 26 —Announcement were that foreigners getting rid of some of their future delivery holdings had a bearish Influence on the wheat market today 4cThe outcome was a to 61c net decline close at heavyfinished 33c to 6c down oats off !Corn Be to lie and provisions off 25c to 57c week-en- d even Notwithstanding that jlng-up trades gave the wheat market an appearance of strength at one stage breaks In prices became pronounced of the session during the last halfseaboard said EuMessages from the were fairly active in ropean interests go of future contracts and takletting wheat for Immediate deing Instead it was said livery In this connection for cash wheat had that premiums dwindled 20c a bushel from the recent and that much more wheat point offered high vas being than was the case when premiums were extreme Other bearish influences Included an author-- i total yield in Itatlve estimate that the be the United States this season would as much as 750000000 bushels Assertions also were current that the dothis season would mestic consumption be only 4 bushels as against a normal 51 bushels Such a reducaverage of mean a saving of about tion would bushels Corn prices fell sharply owing to arrival of Argentine corn In New York and as a result of an Improved car supwas said to be much ply which corn was no imeast for which there taking mediate domestic or export demand i Besides crop reports were bearish Oats went lower with corn Field advices were favorable and nothing was heard of any revival of export call Provisions dropped because of the break in grain values Smallness of (Prospective lioga supplies next week acted an only temporay support for the market Leading futures ranged as follows WHEAT — Low Close Open High Chicago May ' 50-000- ' 1 July Sept 217 186 July Kept 152 138 CORN— OATS — I -- 6011 July 53jl PORK — May ’I July LARD — 1461 1 ToTiT 37! 75‘ 3800 3720 - ITtah-Id&h- 132 581 53 54j - 1461 lssj 139 ' 211 184 211 184 219 190 would be welcomed At the ' present time trade' conditions ' In the United States reflect "the preparations of our government for war and the great re -solve of the people' of this country is that "government of the people by the people and for the people shall not from the earth” at the merciless perish hands ' of autocratic Germany So millions of young strong American soldiers are coming forward to protect and the and business men subare coming otherscountry forward and loan bonds to buy scribing forforLiberty our soldiers and to help equipment France England and our other allies The success of the Liberty loan and this war against Prussian militarism of' freedom and liberty will be a victory for the free peoples of all the world The "Liberty loan" bonds will be 15 1917 and will pay 3ft dated June annum interest per cent Interest per on June 15 and payable semiannually December 15 The bonds will mature be redeemed on June 15 1947 but 1932 In whole or in or after June 15 may part at par and Interest on three months published notice on any Interest day We have purchased some of the bonds and we recommend the bonds to investors as a good investment The banks industrial Institutions and many of the people of Utah are subscribing for the bonds The $50 and $100 coupon bond onght to be a popular investment as a regular market for the bonds in the future Is assured is expected that there will be a It Increase is the There is aof food big in Utah this year production to beets In Utahheavy and acreage planted Idaho this season Local securities have been in fair and supply during the week demand o stock company new Sugarfrom has been selling $1050 to $1060 share Consolidated stock per is offered at $11450 per Wagon share and Home Fire Insurance company stock is in demand at $325 per share 581 521 I- New York jlay 26 — United States Steel achieved the new high record of 134ft in the course of today’s brief but active trading and ' carried others ' of its class to top levels for the current movement The vigorous buying ex tended to coppers oils motors and a wide variety of equipments and special- ties including sugars A striking fearaise In south Porto Rico' sugar polnt to 200 With one exception virtually all the were of a condevelopments of the dayRubles structive ' character slumped on moderate offerings and abruptly were in part responsible for the irregular easing of prices In the- later dealBackwardness of rails also ings served to restrain bullish enthusiasm Coppers were assisted by news that quotaproducers again had advanced tions for the refined’ metal on orders deliverable during the third quarter of the year Petroleums prob&oly owed their material gains to intimations of a further rise in crude and refined products A drive against the shorts accounted for the strength of General Motors and Studehaker at of 5ft and 4 points respectively gains Industrial Alcohol steadily 3ft points to 138 ahead at an advance of forged and extraordinary activity was shown at an extreme gain by 3corn products or Total sales of about 775-0points were In keeping with the shares Steel as usual of recent days activity of the furnished fully whole changes In the bank stateImportant ment denoted the shifting of moneys Incident to the flotation of the $2000-0000loan Actual reserves of local Institutions In their own vaults de creased by more than $32000000 while reserves in the federal bank increased The loan bver $69000000 of more than $58000000 was expansion traceable in large part to the great Increase of Excess reserves market operations Increased almost $30000000 restoring that item to above $176000000 against barely $90000000 the first week of the month on a small Bonds were sales par value being turnover total irregular $1875000 United States bonds were lower by ft to 1 per cent on call during the week NEW YORK STOCK LIST & if THE - 2420 SUES FULLY HIGHNESS OF THE WYOMING PAID---HOfJ-ASSESSAB- FIELDS ' ATTRACTING '- ATTENTION ' - ENORMOUS SUMS ARE BEING I INVESTED RAPIDLY DURING THE PRESENT 00 er 00 - WILL EXPERIENOE THE WHEN THE Oil Syndicate Reynolds &301Sypher Newhouse DEVELOPMENT STAGE IS ON Salt Lake City Utah P O Box 505 IS NOW Rye-No- minal Barley— 1350156 5 75 8 00 FARRAND TOHQHT ADD TO THEIR RESERVES PLAGUE IN FRANCE OF FEDERAL RESERVE BANKS SET NEW MARK Colorado Educator Appoint- ed Head of Rockefeller May 26 —The statement of the actual tondition of clearing for house banks and trust companies that the week show excess they hold 3176429-67- 0 reserve in of legal requirements This is an increase of $29675-25- 0 over last week The statement follows: Loans discounts etc $3708021000 68473000 Increase — own of vaults Reserve In is which $391392000 430538000 specie 32367000 Decrease Reserve in federal reserve 315985000 bank 69058000 Increase Reserve —in other depositaries United States deducted $9637061556000 000 937000 Increase 3660678000 Net demand deposits 43391000 Increase 203519000 Net time deposits 4754000 Increase 27616000 Circulation 1110000 Decrease reserve 808079000 Aggregate 173429670 Excess reserve 29675250 Increase banks and trust Summary In of state New York not InGreater companies cluded in clearing house statement: $ 839927400 Loans discounts etc 1548600 Decrease 67786900 Specie — 159000 Decrease 26 — Combined re- - Washington May The board's statement Resources ACTUAL CONDITION $ etc cent redemptionfun dper federal reagainst serve bank notes ket de-9rs- its 10807400 tenders Legal 78700 Increase 1051464100 Total deposits 2909700 Decrease 14899000 Banks' cash in vault Trust companies’ cash In 63695300 vault MONEY New York May 26 —Mercantile pa- per bills 472: com Sterling: Sixty-da- y bills on banks mercial sixty-da- y bills commercial sixty-da- y cables 475 711: demand 476 Demand 5721 cables 5711 Francs —— Demand 41ft cables 411 Guilders Demand 701ft cables 700ft Lires —— Rubles Demand 261 cables 26 Bar silver 74 Mexican dollars 58ft railroad Government bonds steady bonds Irregular on demand 7-- 9-- 16 16 FS2EB35! of Indebtedness Ferber Copper f LIVE STOCK There were fair receipts of steere here this week but not enough to meet the demand and the market is closing fully are high a dime higher and prices compared with the river markets very butcher stock kept receiptsonofthis light class 15 to 20c the market higher bulls steady veal calves steady Cattle—Receipts none Choice steers 10 35 11 00 fair to good steers 950 1035 common to fair 6500950 choice cows and heavy heifers 865 950 fair to good cows and heifers cutters 650775 canners 750865 bulls 4750575bulls fat 750850 6 50 7 50 choice yearbologna 9501035 veals 9001800 lings With liberal receipts of hogs this week our market Is closing steady with 17 in each instance Add accrued interest to quotations on last week's close and 5 to 10c hi the week than the bonds forepart of —Receipts none Choice 300 to Hogs 250 pounds 15 35F1 45 mixed 160 to PRODUCE 35 heavy roughs 300 pounds7515 1115 15 130 111 — — 26 Butter Higher 1450014 Elgin May to 160 pounds gh 125 tubs at 43 cents 40 tubs unsold 13 00 14 50 Light 'receiptstoof sheep ' and lambs Chicago May 26 —Butter — Higher market strong steady ex10332 tubs Receipts Creamery as follows: Quotations stock for shorn tras 4141ft: extra firsts 40ft firsts none Lambs 1900 Sheep— Receipts 38ft40—seconds 3738 27 733 cases lambs" 2000 16501750 spring Lower Eggs 18 00 14 00 wethers 1200 yearlings Firsts 33fti34ft Receipts firsts 31ft ewes 1300 11001200 32 at mark casesordinary Inclu ded 31ft 34 Cheese —Unchanged LIVE STOCK Potatoes — Unchanged to slightly Chicago May 26 — Hogs — Receipts lower Receipts old 16 cars Idaho 3000 weak Bulk 1545 1600 light Colorado Oregon and Washington heavy Wisconsin and Michigan' 14651585 mixed 15381600 310820 1525 1540 pigs rough new 20 cars 15251616 290300 Receipts 1450 Texas and Alabama sacks 2 25 3 50 1060 Cattle —Receipts 700 slow Native Louisiana sacks 325385 Florida beef cattle 940 1360 Stockers and barrels 1060l675 feeders 740 1030 cows and heifers Poultry— Unchanged 650 1140 calves 1050 1500 : SUGAR Sheep — Receipts 1500 steady Wethers ewes 1150 1415 — New York May 26 The market for lambs 122501475 1800 1725 spring lambs 1460 was quiet today but the sugar futures 2100 undertone was and closing steady net 1 6 were on to prices higher Omaha May 26 —Hogs-- Receipts weekscattered covering points for over the 7600 15 60 16 10 Heavy end and a little buying by a leading xnlxed steady 1530 1570 1540 1570 light Cuban interest Sales May 1230 1550 bulk 1450: 1570 pigs J De504 July 512 September 521 1— Receipts' 100 Cattle Na- steady’ cember 499 ttve steers 1025 cows 1325 and heif Raw sugar steady Molasses 508 ers 850 1150 western ' steers 900 centrifugal 596 refined quiet fine 1150 Texas steers cows 8751075 granulated 7500850 canners 700 and heifers 850 10 25: 850 etockers and feeders 700 FLAX calves 950 1850 bulls 675 1 Sheep— Receipts 100 steady Year- Minneapolis May 26-- Flax 3 2 6 ' - 1- -3 -- - - Farragut - HERZIG COMPANY C S gjjBfcfCfcfI Boston Building’ ft' MING’S — 5950-ton- 1 f 332 f w — ' : lings '? 'T' It PROVEN OIL r FIELDS $ i V'l C I i G BULL UY0 400000 47587000 107877000 36513000 33338000 57807000 14675000 287397000 28410000 Foundation Mission New York May 26 — The Rockefeller Foundation announced tonight that Dr Livingston Farrand president of the University of Colorado had been to granted a ayear’s leave of absence undertake tubercampaign against culosis in France under the auspices of the national health board of the foundation "With the approval of the French in with government and Red Cross the international health board of the Rockefeller Foundation will put its services at the disposal of France for assistance in the control of tuberculosis” said a statement from the foundation "It is expected that the work which at present is being done for tuberculosis soldiers will be extended to In dude a comprehensive plan looking to the control of tuberculosis throughout ! I Im France The work will be carriedcen-on under the supervision of a French tral committee and local committees which are being organised throughout a small provincial France Aside from who will be sent froup of Americans at an early date the personnel of the organisation will be French' Dr Farrand formerly for many years secretary of the National Association for the Study and Prevention of Tuberculosis with one or two assistants expects to sail for France within the next few weeks Dr Farrand to Head Mission Boulder Colo May 26 —The whole health problem of France is to public be undertaken by the mission which be will head Dr Livingston Farrand of the University of Colorado president The mission announced tonight which will include two or three of the best known tuberculosis experts of the sent by the Rockefeller Founcountry said will dation Dr Farrand with the French governdirectly ment Cork and Kerry have never been so largo as this season but fishermen often find it impossible to dispose of their catches profitably although the prices ruling in England are double those of normal times Railways in the southwest of Ireland decline to receive consignments of fish this year unless the charges are prepaid and as the fishermen are mostly not men of capital and unused to this method of doing business this has meant in practice a prohibition of traffic Another hindrance to shipments has been the impossibility at many places of getting crates or barrels tc contain fish bound for the markets In normal times the empty crates were returned in three days or less but at present "empties” are often as many weeks en route Last week $10000 worth of fish belonging to a single shipper was allowed to spoil on the freight platforms here the railway refusing to take it owing FOOD GOING TO to seme congestion of shipping between WASTE IN IRELAND Ireland and England Watch the "Wants" and when the Cork Ireland May 26 — Although pol- some one offers for sale exactlylookyou’re real estate bargain of — iticians and newspapers in England are sort for you'll aknow It and you'll lo ing to make food famine thousands able talking aboutexcellent prompt investigation to food are going of barrels of to le of it For such an offer is sure waste in the Irish fishing ports owing made one of these days! Use The to the haphazard and demoralized con- Herald Republican want ad phone ditions of transport Catches around Main 767 ' co-oper- ate -- Liabilities -- Milford Copper 520760000 36892000 557652000 sderal reserve notes net ue from other federal reTotal sales for day 775000 shares serve banks net Due from depository banks fiscal agent accounts Uncollected Items All other resources NORTH SALT LAKE Total resources 1341942000 : 204-20- 5 WYQ JL NEW YORK CITY BANKS 471ft 4 Pi Building Timothy— Clover— 12 00 17 00 Pork— 3775 — 215t2160 Lard— Ribs 19702915 New York OF i THE TIME TO GET IN 6S64 r It is worth your time to investigate this Start now to make for the future Don't wait A certified statement of the company on file shows how the money was expended It rings true All this means something to you Gome and see us IF OUT OF TOWN WRITE OR WIRE YOUR RESERVATION FOLLOW SAME BY GHEOK OR DRAFT THROUGH THE MAIL COUNTRY HAS EVER KNOWN - Y ¥’ There Are a Few Units For Sale at $4000 THE Cash quotations are as follows: Wheat —Nos 2 and 3 red and Nos 5 and 3 hard nominal Corn —No 2 yellow 1661: No 8 yelNo 4 yellow 166) low 1660167 Oats — No 3 white 63 64 standard 3 n v h 4T HERE IS WHERE YOU COME IN GREATEST ACTIVITY 3725 3725 HEART LE been proven the largest production is obtained Basing onr yield upon the outpnt of the deeper wells of the adjoining company we anticipate a production of 400 to 800 barrels daily which at present prices would mean $22000000 to $44000000 per year And this is only from ONE WELL with the demand for oil increasing and the price advancing YEAR THE OIL INDUSTRY - $4000 With producing Greybull with producing wells on adjoining ground there is no possibility of not striking it good There has been too much development work done all around us to even hint at such a possibility We have our first well in a commercial yield at the present time with much greater possibilities with greater depth Therefore we feel that the syndicate has passed the speculaiivestage The geologists who know say go deeper and that is what we are doing We are driving our No 1 well down to deeper sands where it has WORLD-WID- E AND- THE of Great Production Pro niloilIse oil field of land in the heart of the IS ' one-quart- - & ’ 13501550 rr wether1250 $ 66991000 Capital paid in Government deposits 193463000 Due to members’ reserve occcunts 812326000 Collection items 170151000 26 201000 Federal reserve notes All other liabilities Including foreign government credits 76320000 Total liabilities 1341952000 Gold reserve net' and note liabilities against 633 per centdeposit Cash reserve against-neand note liabilities 678 per cent deposit Cash reserve against net deposit lia bilities after sotting aside 10 per cent gold reserve against net liabilities on federal reserve notes in circulation United States Government War Loan Your Country Needs Your Help! The The WAR LOAN must be an overwhelming success question of interest is insignificant in comparison with other considerations Tlie man who can command $ 10000 or the man who can command $10000000 must both pitch in at once to give a de- t 687 per cent EVAPORATED FRUITS Hew York May 26 —Evaporated ap- cisive demonstration of the spirit in which the United States meets WAR Loan & Trust Companj' is placing its The Hallo services at the disposal of the GOVERNMENT and the PUBLIC in raising this loan without profit or commission at any time and particularly urge this opportuWe ask your nity upon those who have never been investors You are serving your country and at the same time getting yourself into an excellent habit Our officers will be glad to explain this WAR LOAN to you’ : KSLuri ples more demand Prunes quiet Apripots and peaches firm Raisins steady JfEW YORK GRAIN New York May 26 —Wheat —Spot nominal— Corn Spot weak ' No 2 yellow 177 c L f New York Spot easier Oats-r- 72’ Standard ran-Jud- 71 Witch the "Wants” and when the chance for you to buy a home right is open it will be described in one ge co-operat- ion - of the real estate ads You’ll know the ad when you see it And you’ll know the property is "the place” Use The as soon as you look at it!right Herald- Republican want ad phone Main 767 1425 ewes' 1175 2035 1400 ’lambs 1925 - r Re-16- 00 Halloraa-Judg- e 159001610 heavy 1550 1600 fight 1600® 1560 pigs 1850 1475 Cattl Receipts 600 steady Primefed steers 12651335 dressed beef steers 1000 1250 western steers 900 1335 cows 725 1125 heifers ‘ers Loan & Trust Company 309 S Main Street i V - ESTABLISHED 30 YEARS WITHOUT A LOSS TO A CLIENT res ly 1400 1770 yearlings wethers 1300 1600 ewes 1250 1550 16002055 L -- j i VJ SM Jfii ji id 12 IS- - 26—Hoga Bulk 1515 packers and butch-er- s y £ X n —i r c £ Va i a |