Show 22 THE SALT LAKE TRIBUNE New York Court's Order Stocks Offers Hint to Rail Financial g STOCKS (Salei In Hundred!) To Scale Down Its Fixed Charges By CHARLES F SPEARE Special to The Salt Lake Tribune is NEW YORK Jan a hint at the type of reorganization plan that the courts will permit railroads to adopt in connection with their senior securities in the order Just issued by Federal Judge Wilkerson in Chicago grant-i- n the Chicago Milwaukee St Paul and Pacific the right to pay the normal Interest at amount on about $140000000 of its general mortgage bonds The coupon due July 1 1933 has been In default also that maturing October 1 Under the new arrange ment the holder of one of the per cent loans would get interest at the annual rate of 3 per cent It is significant that this degree of scaling down of fixed charges on bonds that were undisturbed in the reorganization of 1928 is con sistent with the plan originally pro posed by a committee of institu tlonal holders of the general mort gage series However there was much opposition to it and it has been allowed to drift The fact that Its principles have been adopted by the federal court with respect to the senior securities Is a valid argument in favor of the 24-T- liere two-thir- ds II — A— Ad Exd Ad Mull! 15 u Alaska Ju Alleghany A C A Dye Al Ch Mig Am B Note Hid Am Can Chg Pfd 4m 18618 3 207 1741 1644 3 3 48 3 16a Vaiisti 47 H 68 45 68 ! :1126I126 165I185 Am C a F Am C Al Am SB Dtd Am HAL Pfd Am Inter Am Loco A M ft F Am Metal A P A L S6 Did A R A 8 8 Am R Mills Am o KSI 34 30 AFP 8 33 7 44 12 28 27 3541 6 61 27 31 91 64 143 ft R B IClOM 28 12UI 11 1 34 34 Ad Kumu Air Keduo A Net I 8ales High Low Did Am St I Fd Am B Kef 67 160 AT&T Am Tob 100 B Am Wat W Am Wool 60 31 19 109 pfd Anaconda Anchor C Arm D pfdj Arm in pfd A T ft 8 F Atl Ref Atlas Pow pfd Atlas Tack Aub Auto Av Corp — B— Bald Loco US 27 43 6 Averages es I : pfd Barnsdall Beld Hem Bendlx Av B Ind Ln Beth Steel Boeing Air Bonn Alum Borden An odd lot of Sliver King sold at $1350 and brokers bid that price Nash Mot in at Else N Cash R N Drv Pr N ' Dept B do 1st Nat rumt pf Nat lji nm Nat P St L N K M l pf Nat Hti NT Air Rr Nor Pac 28 16 Stock Exchange S L 53 1 2 7 89 i 58 19 Colg-Pal- (A Mi 864! 30 498 - 34 25 2 4 10 49 2 62 4 it 17 23 12 60 - 115 13 23 1 138 5 25 15 27 27 14 20 19 44 16 130 V 71180 180 37 7 41 36 54 Tnt Bus MM Tnt Cementl 1 32 34 36 29 13 10 57 39 35 57 1 48 108 JohiiJ-Ma- —I — Lambert Corn! Mv B Ug Lima Loco Liquid Carbl A ijoew's Long-Be- ll Loo-- A Bi'l 164 34i 5 11123 84 7944 123 1 11540 18 55 a5 72 47 119 142 3 2' 38 21 13 31 4I119 221103 4'181 18i n 111 23 23 23 33 li 117 14 108 107 U 11 Warner PIc 332 wess OAS 4i West Pac 77 West Union 38 Westgh Alr 110 1108 wesi um C 25 Westvaco Wh te Mot 1V 11" 14 Wh Rk M S 5 Wh Sew M Wilson Co 10 Wool worth 53 WrlEht Aerl 2801 71 4 78 wngiey jr Tell T A C 13 46 Young SAT 26l 201 27l 27 22 22 101 98 97 1?I112 110 91 32 31 12' 40 V 39 281 52 52 14! 5 44 44 4 68 67 271 121 301 501 201 30l 47 29 Mar-ti-l 19 Munslngw Mur Curp 7 HI 81 ?8 IT"' 'I 28 27 131 32 181 41 Wool Market 15 7l torillarii P1 LOU f- - N — M— Mack Tr Macy R H Mar Ft R do pf do pr tifl marsn rid May D St 24 120 70Vil 70 71 Lehm 94 133 47 74 29 27 neivinator Kennecott Kreege 8 8 do Dfd Kroger Grol 94 133 48 - 9 16 Or pfd Wh A K-- 16 15 66 12 1 ?4 201 20 II 94 4 30 821 12J108 —K— Kavser J 28 29 16 16 68 12 25 120 951 15 591 l 74 27 Rl 3 431 18 191 35 9 66 58 119 17i 32 33 11 9 Int Harvestl 59 Int Hv-E- l Al 11 4 Int Nk Cnl 2481 49 91 50 Int Phne Int TAT 4301 17 McCall McCrory 8t! (Copyright 1936) do B McKeeap T MCK ft R An nM Men gel Meets ' BOSTON Jan 24 (AP)— Several grades Mid C MPet of territory wool! were Included hi the Midland 8t In Boston Strictly combing Mo Kan T S8s Ms blood sold at 84 6 86c Mo Pac around basis Numerous small lots of do Dfd BSs H blood wool! moved at mostly Tl Monsanto lie scoured bails (or strictly combing Mont wrd C for clothing Sf Farther Mother L of" original bag quantities TljT4c 64s and finer Motor Pr territory wools running bulk average French Motor Wh £ 23 34 Hudson Mt Hupp Mot Cen 19 17 9 13 13 LISTED STOCKS Asked Bid Alta Tunnel 02 02 $ Am Met Mln Co 00 Beaver Oold Cop 02 00 13 11 Big Hill 03 02 Bingham Metals Black Metals 04 00 Bonanza Mining 00 00 Bristol Silver 10 08 Bullion 01 00 Cardiff 22 20 Cedar Talisman 01 05 Chief Con 82 80 35 33 Clayton Silver Colorado Con 02 02 Columbus-Rexa02 01 Combined 12 Metals 11 Crescent Eagle 01 00i Croff 00 03 1 Crown Point 04 03 03 02 Dragon East Crown Point 03 01 East Standard 03 05 East Tintic Coal 08 05 East Tintic Con 35 33 East Utah 03 02 05 04 Empire Mines Eureka Bullion 23 21 Eureka Lilly 60 57 Eureka Mines 04 02 Eureka Standard 60 61 Oold Chain 03 01 Great Western 03 01 Horn Silver 35 32 Howell 02 00 Indian Queen 01 01 Iron King 08 07 Kennebec 06 10 Kentucky-Uta- h 03 01 15 11 Keystone Lehl Tlntlo 00 Leonora 02 02 Little May 01 00 Lead 10 04 Magnolia Mamsnoth 1 45 1 55 Michigan-Uta03 01 Miller Hill 00 Miners Oold 02 01 Mlsourl Monarch 05 09 Moscow 02 02 Mt City Coppsr 8 95 5 85 Mountain view 00 00 Nalldrlvsr 50 40 New Premier 01 New Qulncy 02 01 North Lily 70 75 North Standard 00 01 Ohio Copper 07 06 Park Bingham 02 02 36 35 H Park City Con Park King 00 Park Konold 03 05 Park Nelson 03 01 Park Premier 05 05 Park Utah 4 85 4 75 Ploche Bristol 01 00 Plumblo Mines 14 20 Plutus 60 50 Prince Con 08 15 Provo 49 46 Rico Argentine 08 05 Silver King Coil 14 00 13 50 40Silver King West 35 Silver Shield 02 01 Silver Standard 02 01 Sioux Mines 01 03 So Iron Blossom 00 01 South Standard 07 05 Swansea Con 00 02 OPENING SALES c Bonania 4000 at Chief Con 500 at 80c Clayton Silver 500 at 35c Combined Metals 2000 at 11C East Crown Point 1000 at 2c East Utah 2000 at 350 at Moscow 1000 at 2ft Mt City Coppsr 200 at $593 100 at t'8 IS 29 o Indust Rayl inger Rand Inland Rtl 26 Cop 18 w XStJ El Bond A Share 125 ao 2 R ElectricpiaShare 18 161 7' 1 9l 25 I 11I 49 25 11 48 114 11 41' 8 10 41 8 43 ij 42U 17 21 21 23 8 35 1" 3 4 3U T 22 9Ji 7 96 37 123 38 J93 47' 69 IS 17( 28l 6 311 18 0l 8l 8 13U 51 11I 12 Zenith Rad 14 12 A r 101 8 Zonlts Prodi Total sales Friday 2657932 shares previous day 2937670 week ago 2357-11- 6 year ago 516960: two years ago 2516870: January 1 to date 51402545: year ago 16868526 two years ago 43- - J 13 9 19 4 46 19tt 3?W 31 601 661 itn nfii ExcellO A A T Ts OnM Hud Bay M 68 U 17 25 18 Idaho Potatoes 8 4 20 rremier 11 Utah Fire Clay Utah-Idah- o Sug com do new pfd Ot L 16 pfd 4750 5450 "i'eo' 9 60 IDAHO FALLS Idaho Jan 24 fAP : do S7 Dfd USD A) — Shipping point Information for Z C M I 88 00 65 50 Thursday : Upper valley: Carloads f o b cash BALES Russets U 8 No 1 scarcely suftrack: (Trading S L Stock Exchange) ficient trading reported at none pries to Utah-Idah- o Sugar com 700 at $260 quots as a general market U 8 No 2 a Utah Power A I lehl 17 nfrf a a! sx nn few sales Cash to growers $6 Pfd 6 at $4750 hulk per cwt: Russets U 8 No 1 a u u as i s at S30UU few sales 75985c delivered allso 75 0 80c and hauling Including fins large stock U 8 iiu a due a lew nigner Twin Carloada t a K cash track to dealers: Russets (J 8 No 1 90c a 1 00: mostly 95c at some points INDUSTRIAL U 8' No 2 50® 55c Caah to bulk per cwt: Ruaaets U 8 No growers 1 70 I I Bid Anked 80c: mostlv 75c dealers at some points Utah Oil Refining 1$ 7 80 $ 7 00 1 Utah Southern OQ 1 90 I 2 15 7m 8244 10344 104 104 V 9144 9344 7741 106 109 100 106 105 106 89 95 110 103 95 1 25 5255c Salt Lake Curb 7fi 1 Oat KI u44-u(Includtnir a a Ajimiiurvi Sl83719fll23a7 : x- ! Firs Ins 1107 00 1112 00 BONDS Amalsam Suaar 7a 371106 24 1102 80 Holly Sugar 8s 8 I A Ogden 5s 1936 6 00 L T-- m 6 1935 Nl 30 00 Motel Utah 514s 41 1103 80 Utah-IdahSugar 6s 1100 00 Ellison Ranching 5s 6800 106 26 104 00 8 00 33 on 105 00 101 00 00 tl 5s 1978 A T 7044 6944 107 107 97 9544 97 8644 8544 80 44 89 44 lalnaiiwni(u ' "21 a 24 Com UPh-T- he (10344 'l034 110 1094 814 854 40 38M 11644 115 105& 10544 104 1U4 !104 104 10544 105 1084 1084 106 10644 111 'ill 105H 1014 11 1U2 10444 104 57 59 106 10644 9ll06l 10644 10644 10144 314 105 107 1074 77 44 4044 87 44 108 107 44 18 204 19U 105 105 103 10444 10144 101 87 A 874 64 96 104 105 8644 8844 10044 10644 94 96 8 94 94 104 44 9944 94Vj 1044 9914 106 11064 112 1121s 104 104 11)844 10844 38 103 104 98V4 98 10044 994 8544 67 - 3 10644 3I112H 81104 10844 9844 104 V4 98 10044 07 6444 6344- 6344 92 92441 92 P8 3344 43 105 44 105 1054 10544 105 106 105M 105 1U0 191105441105 11101 II 80 101 561 69 15 1105 JORK Jan I 69 i 69 I 91 ojtsi oj Governments Unable to Recover Following Sinking Spell NEW TORK Jan 24 Wr—The bond market ran into scattered sell- ins flurries today which brought about modest recessions In most of the major groups U a government Issues had a sinking spell around the fourth trad ing hour that carried quoted values to lower before Closing prices were steadying somewhat up from the day's low but several issues ln the guaranteed group together with some of the longer term treasury maturities under ended to Thursday's finals Transfers of 118207000 par value compared with $22967000 the day before and of this amount sales of government bonds accounted for around $1000000 Principal news of the day re volved around the bonus question in Washington and the severe ahakeup in international exchange rates Brokers known to act lor a large number of European traders and Investors reported some pickup in business from abroad but it could not be determined whether selling orders were in the majority The unusual ' strength of leading European currencies however suggested thatsuch was the case iigher prices were paid lor Cuba Public Works o'ii American & Foreign Power 5s American Water Works 5s and Hoe & Co 6s A drop of 1 9 points in Uruguay 6s and fractional declines in other Central and South American bonds gave the foreign division an uncer tain appearance The Associated Press averages were unchanged to J of a point lower ds 7-- D & R G Gives Rail Order of 10000 Tons PUEBLO Colo Jan 24 Fuel & Iron officials today announced receipt of an order from the Denver & Rio Grande Western railway for 10000 tons of steel rails to be used in rehabilitating tracks in Colorado ana Utah Announcement also was made of an order from the Southern Pacific railroad for structural steel for 16 bridges do Denver Stockyard Company Refinances DENVER Jan 24 UP)—The Denver Union Stockyard company announced today it will call its preferred 7 per cent stock at $105 a share in a refunding operation to slash Interest A new 5V per cent preferred will be issued The present preferred Is selling around $104 It was issued in 1926 for $1000000 and about $880000 is outstanding N Y Bank Stocks NEW TORK Jan 24 (AP)— Following are the bid and asked quotations furnished by the New York security dealers on New York bank and trust company stocks tradsd Friday on an over thl counter basis: Bid Bank of Manhattan 31 Bankers Trust 68 Cen Han Bk St Tr 120 Chase National 43 Chem Bk A Tr 57 Cont Bk ft Tr 20 Corn Ex Bk ft Tr 6544 First National 1950 304 Guaranty Trust 18 Irving Trust Manufacturers Tr National City I N T Trust 121 INSURANCE Aetna Ins 69 ' aatna 71 fa 3s- Bait Amer Carolina 31 Frank Kir 34 Great Amer Rnma Tn " ' National Liberty" li d rire Asked 33 it 24 lit lit 70 123 45 59 2144 884 1990 309 19 124 72 37 11 33 38 32' 41 12 60 Cotton Market rvm Vnnw T n — ah eariy isri—liquidation decline Friday In cotton under rwBui ouyers was xouowea mln uj by partial rallies on trade buying and covering 1133 rallied to 1140 with active months Wrch 1141 Low 1133 Close 1137 11 in Mav 1108 1102 10 80 July 1077 1070 9i in ucioDer 1033 1028 uecemoer 10 27 10 18 1022 Spot quiet middling 1185 NEW ORLEANS Jan 24 (AP)— Cotton futures cloasd steady at net declines of 7 to IS mints Close Low High January 1153b Lead— Steady: spot T(sw Tork 4 500 March 1136 East St toils 438 ay 11 O2®03 455: — 1108 1101 U32$33 Zinc Dull 1076 1067 iu East St Louis spot sad July October 1031 1021 10 4 03 miure December Aluminum — 19 00 n 22 00 1023 1020 10 Antimony — Spot 1262 Spot cotton closed steady IS ponltg Bales 2130 middling 1177 NEW TORK Jan 24 (AP)— Call money down — per ceni an nay eieaay Prims commercial paper — 44 Der cent Time loans — Steady: 60 days to six monuis 1 per ceni oiieren Bankers' acceptances— Unchanged Rediscount rate — New Tork Reserve Danx 1 Vi per cent 4 Montreal Silver MONTREAL Jan 24 (APi — Silver fu tures closed easier 35 to 50 lower sales 4 contracts Low Closs High 44 75 4460 X4460 January 44 50 44 50 X4430 July xnia Investing Companies NEW TORK Jan 24 (AP)— Following bid and asked quotations furnished by New lora owuniy eaters' associauon: I Bid Asked 1712 3 95 260 2 Bullock Fund Can Inv Fund Corporals Trust do AA do AA mod Dividend Stirs II" Fund Inv Inc new Fund Tr Sbri K do B Maryland Fund Nation Wide Sec do vto Quarterly Inc Shrs Super of Am Tr D U S El Lt ft P A do B do vto S Wes6s 5164 A Uruguay Tok 6s Total previous 61 team all the details of the Savings Plans that return give you 4 plus Account Insurance up to $5000 Fill 159 2159 555 531 1849 4 49 164 149 6 93 1875 2 89 109 I in the coupon below and mall today I 67 23 i s 97 59 82 64 FEDERAL BUILDING & LOAN ASSOCIATION lis' 99 IT 33 II 33 33 13 46 45 45 2 80 H I 85 854 bond sales Friday S18207onn- day 822967000 week ago year ago 812184000 two years sgo 815263000 January 1 to data 1362 I 146000:ear aao 8282163000: two vaara ago $376468000 17 WITH SAFETY 48 3 05 I ! il i°o-- (AP)—Bar sflvst — eieaay ana uncnangea ai 4444c LONDON Jan' 24 (API— Bar silve-rlowar at 1944d Easy: (U 8 equlva teiu ccnis Bar gold— penny higher at 140s 10d (U 8 equivalent 83506 The Bank of England bought 102400 yvuuua iu Kr guia Money— V4 Der cent Discount rates —Short bills 8 0 per Dins per ceni wuii uiiqb-iuuiu-u LONDON Jan 24 (AP)— Copper— cunnaara snoi j pouna s ea future 35 pounds 7s 8d Electrolytic— Spot 39 pounds 5s future 39 pounds 10s Tin— Snot 202 pounds futurs 195 pounas izs oa Lesd — Spot snd futurs 16 sounds Zinc— 8pot 14 pounds 15s futurs 15 pounas NEW TORK Jan 24 (AP)—Lead and una mures uosea quieu no saiea NEW TORK Jan 24 fAPl— Atnnav Quiet electrolytic spot - and futurs 925 export 8 77 ©8 82 in— awaoy spoi ana nsaroy S12 lintnni 80 80 15 14! 94 94 J 351 94l 19 18 18l 6e Rome ( 52 59 2ltiioa n?58liiin Roval D 4s 45 l p St 7" 40 II 88 88 88 Tok Cltv 5 s 61 8t 80l 80 Tok E L 6s 53 31 l Settlement prices at "Utah smelters as quoted by the American Smelting and Refining company are: Lead 450 cents a pouna coppsr suuo a pound NEW 18 551044 26 994 zieeces— us- Metals and Money 83 42 7 it 1031 32 lOtt 87 4044 4044 iotk Missouri and avsrass In blood eomb-'"f- c England— blood comWng 38939c: 105U blood eomblpg 37 e 38c r common and ourry seeay coiu 7944 ontohmj v ' 10344 Rrnuraif haala 132 VI una saoix montns 84 0 85c woic fins 8 months 78® 80c: fall 72effie 33 California — Northern 78 ©80c: middle 106 county 77578c southern 76 ©78c: fine scoured 78 ©80c carbonised fins 80fe8lc 10344 Oregon— Fine and f m staple 854?87o 108 ww s ui AmiiiwI kail viuuung ouu OaC 92 8544 40 3844 JJpgd combing 78® 80c U btoo combing 116 10544 Pulled— Delaine 9 5 08c: A A 920 104 ?5c fint K supers 87® 90c: A miners 104 BUUIIO (illUlUC D "U4TUH OUI(CDatC 105 70c C supers 70 supers 10844 v72c (average) 77® 10644 Domestic good original bag Texas spring u i u v iuua ana cam mu ' 'j" r jMexican 'ill New 50® 52c Oregon 52 053c 10541 Domestic graded — First combing 65 W 102 68c j second combing 57 ©60c third comb-104 good carding 53® 55c first kid 70 75c 87 second kid 65 ©70c 106 wimcr iiraia nominal Avqpzic j9m firsts summer 28 ©28c summer kids 1064 ioaaci lurney Dent Cape aiwaw: 21cmrKey 1064 good 23 ©24c Turkey fair nom 20® 10144 96 Foreign prices In bond- 10544 L0344 93 n ! 7944 106 ow 2" iMAq q Wisconsin 0r Mi 949 ?llna£dNw 30© 31c 4 10544 10344 15 arnQ U -L hlwwl MMkhi XL 6s sta asd Peru 1st 6s 60 Poland 8s 80 R de J 53 929 187 183 V 4s N H El 6V4s 57 O Dev 5Ms 58 Panama 5s 63 B79 mercial Bulletin of Boston will say of the wool market tomorrow: 1154 1154 "There has been a fairly good 10244 IV2 89 turnover in wool this week con 9644 1044 sidering the limited quantities avail S44 884 able ln the market Increasing 114 11 quantities of foreign wool are how being used Prices are firm to 15 15 slightly dearer 1024 102 10444 105 "Contracting of well up toward a million pounds of unshorn 110 110 Texas wools At 30 rent ha 10144 10144 1UU44 been 100 the outstanding news from the 11144 111 105 103 west mis weex 10544 10544 "A fair demand fnr nl mmi 10844 108 continues even though prices are 1044 1104 106 1U6 now practically on a wool replace33A 3344 ment basis 17 44 1744 "Foreign markets arc firm tn 11314 It dearer also slightly 78 764 7744 "Mohair is moderately active and 76 44 7644 300 very iirm" 10444 10444 10444 The Bulletin will nuhlioh th nl 9344 9344 934 104 10444 1044 lowing quotations: 105 V 105- - 10544 domestic : 89 10044 nhiA n t tmwashed 33 ©34 blood combing 3i 291 $54 $544 $546 n uiuvu cumoillg dVSL'SUC 44 FOREIGN BONDS (Bales in $1000) Ablt PP 5s 53 48 4344 424 43 Antloouia 7s 45 C 10 9 944 944 22 9844 98 8844 Arg es 61 Feb Australia 5s 55 33 105 105 1054 do 99 9944 56 13 99 Belzlum 6s ax 1 10644 1064 1064 Berl City El 6s 55 1 284 284 2844 13 13 Bolivia 8s 47 39 14 do 7s 58 944 3 944 944 Brasll 644s 26-58 2744 2744 27 ao BV4S 27-327 17 27 27 Brit 37 271107 107 107 4s 60-915I11T 11644 117 Buenos A 55 6 85 95 85 os ei sta 31 60 59 694 2 15 15 15 Bulgaria 7 44 s 68 Canada 4s 80 16 107 108 107 C M B 64is 61 1244 13 22 13 Chile 7s 42 14 24 15 15 6s 60 18 1444 14 1444 Col 6s 61 Jan 28 12 2544 25 05 05 Copenhagen 5s 52 28 65 Cuba 544s 45 4444 45 66 47 Denmark 544s 55 31101 101 101 21 95 84 4V4S H2 84 Finland 6V4s 56 102 61102441102 French 7 44s 41 81175 175 175 7s 49 unstp 3117544 175 175 OCAB 6s 60 Oct 21 33 33 33 GOAL 644s 58 81 40 40 39 41 284 28 65 28 OOIGovt54s 41 39 7s 49 39 39 Italv 7s 1951 64 64 26 64 131 99 Janan 64a 54 98 99 181 87 87 65 87 54S K A T 5s 59 ft 51 33 33 33 Mln Oer 64s 59 21 18 1814 1844 N fl W Os 57 nil 02 UI102U II fl"?U 6s 58 5Hfl5U 101 UI101 Li 201103 Norway 6s 52 1102I102 5s Jan BOSTON 69 Wabash rf 544 75 War Bros 6s 39 West P 1st 5S 46 west un ss 51 do 444s 60 do 6s 60 Toungst8 345 401 183 105 106 Vanadium 5a 41 of tmernencr xpendlturen) txcn of Groat debt aiUlvreA"a4'zoa43fl-483OMO!20t8OU4 tn lncraafA of 137-wLuaw t v t r w'tii inn me v IVfUsl Uy UUla assets $1017232939781 Utah Horn 8m Un Pac 4 44s 67 do 1st 4s 47 do 4s 68 Un B Am 6s 50 Unit Drug 5s 53 U 8 Rub 5s 47 Utah LAT 5s 44 Utah PAL 5s 44 do 544s 47 do 5s 59 ww 105t 1054a 104 103 H 55 107 6 Ft Tex Co 5s cvt 44 TeX A P 5s 80 D 7644 6844 9944 50 16 83 19 14 RemRand 544 s 47 Richfield on os 44 A cvt 8 St L S F 444s 78 do 4S 3U A St P MAM 5s 43 Shell P L 6s 52 Skellv Oil 51AA 39 'Sou Pac 444a 68) do 4 Mil HI do 444s Ore 77 South Ry con 5 94 8 W B Tel 5s 54 Studebak 8s cv 45 Swift A Co 344 50 Texark 103 ii"' ft7 10544 r 84 E FrLThur Advances Declines Unchanged ill Rob5450 44s What the Stock Market Did Remains Firm 60 C Port G E 444s 60 Postal TAC 5s 53 Pub 6v EAG 4s 71 aail 41 IAr— 1DI OO- sltlon of ths treasury January 22: Recutita sai ant tun a M521977 balanct ifeSgl month $24474- ctomi rscslpu for ths$2094467 IO r $1070 lower higher top 104 41Ai 70 Pers Mar 4 44 a 80 Phtla Co ss 67 Phil Elec 4s 71 U S Treasury Report 11' 112H 118 68 44s 444 s 401 ai cv4'4s39 f!en Steel An f "'u' 133037563 sun do Asked 4900 5550 11344 10844 si 4c 135 00 2 40 do a 5s 20001 evi uni 49 -- 444s hll rvin Ki 47 Ciun O A E 4s 68 Cin Ua Term 5s 2020 B Colum O 5s52Ap da Ssl 961 Com In Tr 5V4S49 Cok Gi N75V4S45 do os 07 da 4iAs 81 Contain Cor 6s 46 crown win bs oa 25c 25c Wool Market 124 Pitt AWVa4 4is r I OS TAT Rs 37 Pan-APet 6s 40 Penn PAL 4V4S Penn K it gen Ul 81 2c 5c Bid 128 00 2 30 46 00 2 55 8 50 rig F A P 5s Cattle weak to Hogs strong to T744I 114 Pm llc I M8 0 197R 544s 48 A KRStN 4S 61 Otis Steel BS 41 18 10 P GAE 4Vis 57 E 1 North Lily 80 t rac rati 5S 53 Park Bingham 500 at 2c 66 LAC 4s $1 B 57 d Park City Con 1000 at 36c: 1100 at P PhllB IT) KIia fn 500 at 34 He: 2400 at 35c 10 35c P 8 N 111 4V? 81 Fi 14 Park Premier 2000 at Park Utah 100 at S487 b rstL 3"s 49 31 do 4U-50 D Tintic Lead 200 at 59c 100 at 58c 3B 87 Tintic Standard 1000 at $585 400 at Sara IT W AtLm n 2 106 Sher-Wy51 6s 47 61 $590: 750 at $595 Walker 1100 at $248 400 at $247 ni AUAS A 31 103 o&raij So Cal Fd 4Us 60 700 at $250 102 is Std GAE 6s 35 cvt Zuma 500 at 12c: 1000 at Ti do 6s 51 CLOSING BALES 90 714 Bonanxa 1000 at c do 6s 66 49 70 Std PAL 6S 57 651 Clayton Silver 1000 at 35c 69 Tex El 8 5s 60 Combined Metals 3000 at 12c 101 1004 T PAL 6s 2022 A East Crown Point 1000 at 2c 1 1054 East Tintic Con 1500 at 34c Toledo Ed 6s 62 191 107 U PAL 6s 2022 A 10I Park Bingham 1000 at 97 Park City Con 2400 at 35c FOREIGN BONDS Park Premier 1000 at In Park Utah 100 at S475 (Sales $1000) Rico Argentine 360 at 200 at ft A Pr 7 44s 49 stl 12 62 14 62 62 uer 1 v 47 siun 7s 2844 264 Silver King Coalition 70 at $1350 Lima Peru 644 58 II Tintic Central 6060 at If 1 12 12 12 Tlntlo Standard 650 at $595 10 at San Chile 7s 49 Total stock sales Friday 956000 shares Walker 400 at 1247 L 200 at $250 I Mall 111 a3Kft BiiairaB I6A tiAi 1 aini Dona v"jw sales Friday $5300000 year ago $6762- - Amalc But rjfri Con Wag A Mach 1971 4a 49 VI small Total Issues f8H O-- Aia row as oo 5 97& Alumln Co 5s 52 4 108 allimln Tt1 Km Aa Am GOB 6s 2026 29 107 U Am noil si os 48 1 104 As Elec 4tts 53 38 69 As GAE 5s 50 20 33 do 5s 68 29 35 do 4Us 49 C 27 33 Bal Loc 5s 38 ww 6 ao as 38 xw 21 ft T Pin K R A 1 C Dist E 4Vss 70 3 ioi u i- - tool Btts 42 6 10214 Cities 8er 5s 66 11 7744 tin Km Rfl 185 78 U C 8 Pow SUi ho 37 7344 uomw Ea 4 Ms 97 HlVs do 4s 81 F 36 107 An It IT 13 106 tUEL Ba 41 81 8 10844 uonsum 4 Ms 58 10844 Cont GAE 5s 58 A 139 44 VAmn PAT Km ontn 75 83 Falrb Morse 5s 42 3 1034 r irest c M 8s 48 13 10444 Firest Tire 5s 42 9 10444 78 D ' 10 104 HLAP4M Hvcr Fri Aa so a 10 77 'A III P A I 5s 56 C 47 98' 22l 100 1A Ilia Kt 6S 47 Ind PAL 5s 57 A 12 1054 K G A C 5'V4l 50 l'loari do 5s 47 L McN A L 5s 42 1U4 Mass Gas 5s 55 85! Unlisted Industrials 80 ju 70e 5c nt McK A DOMESTIC BONDS (Sales in $1000) Ala Pow 4 Ms 67 41 824 8244 E rtn Chicago Wheat easy European demand indifferent Corn steady primary receipts 3 B Certain-t- d (J B at Close 9444 87 1944 Anaconda 444 a 50 Arm uei ss oa Arm 444s' 39 ATA8F 4s 95 " Bald L 5s 40 do Tlx BS 93 do cvt 4 IAS 60 Beth Stl 4 44 s 60 B44ly K C 5s 52 E Can Nat 5s 69 Jly Can Pac 4 44 s 60 do 4s perp Cen Pao 6s 60 ( 65 Mo Pac 53 77 Mont P rfg 5s 431 Nat Dalr 644 s 481 NYC cvt s 44 do rf 6s 2013 om 1 A a NYNHAH cv 6s48l do 4 'AS 07 Nnrf A W 4s 90 Nd Am Co 5a 61 NoVAm Ed 544S 831 do 6S 37 A do 5s 69 C No Pac 6s 207 do 4s 07 n Ore RRAN 4s 46 r NSP4V4S61 nbla AAhI k ka 8s 481 P Alleghany 5s 44 ao os do bs 50 Am A For P 5s 2030 Alb Iws 4 NTPALt4Ws67 os 59 mag jr A W 5Ms 53 Inc 6s 41 Lorlllard Co 7s44 13 88 Low 18alsslHlgh Tjii- - 2 Puget Sd P 5 pfd St Anthony Gold 46 Salt Creek Con 6 Salt Creek Prod 6 Selected Indus 19 anattuek Denn 2 Shenandoah nfd I i 8herwln WilliamaT50 3 Htanaard Oil Ohlol 8unshlne Mining ! 448 21 Technicolor Teck Hughes Gold 29 Trans Lux 16 United Ga 85 United Lt A P Al 40 U 8 Elec Power 138 Utah Apex Mln 22 L pra utan 5 1 Walker Minim i Western Air Exp I 34 r BONDS CORPORATION (Sales In $1000) Int TAT do 4V4S do deo 5s 55 Kan OAK 4 44 s 80 11 51A L 2030 B Nev Cal E 6a 56 V V nAV R un 42-4- 4 int paner 5s 135 MLHAP6 n o 39-4- 9 244s 111 2 Go d 244 Curb higher specialties lead Sains Foreign exchanges strong sterling at peak Cotton lower local and foreign selling Sugar firm Increased activity in spot market Coffee higher firmer Brazilian markets LOAN 12100 29 10022 100 2v 32 9925 9921 692 lOot 99 20 99 18 99 19 3s A 52 Til 181 Dfd OWNEK HOME Gt Nor 444S77E H HdAMn rtg 5s 57 " uil PAL J8 pfd 12 50 Mm ler m a 1 Ins Co N Am 250 Internal Pet 29 41 ijenign u n I Mountain Prod 5 I Nat Invaa U Nat Sugar Ref 3 newmont Mining 10 Nlag Hud Power I 10 16 Nlag 8h Md B unio on pm Pac GAE 1st Pennroad rnoenix Sec Pioneer Gold 27110018 10015 10015 1 101 26 101 26 101 26 15 1018 1012 1012 plioa 28 10225 10225 42-4- 7 3s 47 3s 49 344s 64 Gen Cable 544S47 GenBtlCst 544 s 49 Goodrich 6s 45 Good TAR 5s 57 "11 1391 41 37 ia I 244S lit do as oa Det Ed 444s 61 E Erie fr 5s 67 do rf 5s 75 28 15 Niles Bern Pond Niplsslng Mines I Low I Close 14 115 8 115 6 115 T 344S 150 1063 106 106 4s 44-5- 4 14 2 111 a 111 a 4 111 4a 44-6- 46-56111 111 rg 6 344s 31097 10T 1097 29 10630 1U6 28 10628 3H 41-4- 343-4- 7 Mch 3 4s 25 108 10 108 10 108 10 344S 44-4- 6 134 105 22 IPS 17 10518 48 1042 103311041 344s 46-449-62 8 103 30 10329 10330 344 S 34 1036 1032 1033 3s 46-4- 8 23 102 30 102 24 102 24 3s 51-5- 5 1002 100 4 1521008 2fts 45-4-55-6-7 131 101 T 1012 1012 244S FEDERAL FARM MTQ ISalesI High 43-4- 5 New York Stocks Irregular aircraft and mines resist realizing Bonds uneven government In decline 47-5- 2 D A R G W444S36 17 17 a'b niunmi 111 r 2C NIS4V4s70 2c 175 Flsk Rub Flliitkote A Ford U Pan A Ford M Ltd Gold field Con Ot Atl A P nv Gulf Oil Pa Hecla Mln HnHnCF 42 15 1 Tlllnols registered national extnanpe) 7 Cub-A- Furthermore It Indicated extra burdens on future earnings by rea-o- n of new federal laws estimated at zowwu ror 1936 and as much as $8600000 by 1938 However the probabilities are that court decisions rendered since NovemW tn modify this Item in the calendar year The hearing before the interstate commerce commission will bring out mo euect qi me stamina and fighting powers of O P Van Sweringen of the death of his brother M J Van Sweringen and of J J Bernet' niut uouu mail in ranroaa enterprises and the effect of the internal troubles that are renortri in the Mlasdurl Pacific camp in recent nionins au placing new burdens on him since his reorganization plan was submitted last July Whatever may be the merlta of this set-u- p speculative Wall Street evidently uauvrw m Missouri facific and general railroad outlook has improved enough in the past six months to warrant a substantial rise IS nearly ail defaulted bonds B U Coca-Col- a Bin-di- a i n III1MKUVUI -- d Extra Curb trnnv i ii ukPliuaj a GOVERNMENT BONDS (Dollars and Thirty-second(Sales ln $1000) TREASURY U Am 0 'Chem 544s 49 Am k M 444s 45 Am TAT 544S 43 ao coi os 40 s 65 tin do 4 44s cvt 39 Am W W A £ 51 New York ILfva nw i - u its n NEW TORK Jan 24 (AP)—Following are Friday's high low and closing prices of bonds oo ths New Tork stock exchange and ths total sales of each bond: 444s Major Bonds Lose Ground Markets aia Glance Bonds 1 y for board lotsX llll IUW Chief Consolidated advanced to 80 Vnl STOCKS cents Combined Metals to 12 East (Sales In Hundreds) Tintic Consolidated to 34 East Utah Slsl HIgh Low Close to 2 Moscow to 2 and Tintic Cen' Alum Co Am 1650 99 A 98 tral to 1 A C P L B 4 Tintic Lead yielded to 68 cents Am Am (Ivan R 17 34 13 3644 Zuma to 11 'A and Park Premier Am Gas A El' ao pra 109 160 to 514 Am Light A T 19 17 59 8up Power ' Clayton Silver East Crown Point Am Jit As O A El A 21 Park Bingham and Bonanza traded Atlas Corp 223 134 do 'War 80 at unchanged prices Blus 18 On the unlisted call Utah Power Bras Rldgs T A L 20 A 4 and Light $6 preferred advanced to Brill do B 2 $4750 up $250 and an odd lot of Bunk Hill" A 8 110 75 Han Br Fl 59 tne S7 preferred brought $5450 Cities Ssrvlcs 302 Z C M I sold unchanged at $56 do pfd 6 8 Clauds Utah-IdahNeon Ltd o and Sugar common at Colum GAE pfd 150 102 V4 1014 Con $260 Mines INI cen NT Inv NYNH A H NV Hhinh NY 8t J7 pf n Am av North Am Bora-War- n it Park City Consolidated opened at 36 cents up 2 slumped to 341 and recovered to 35 closing at 35 bid A total- of 7400 shares iw Pfd B ft O committee's program To Submit Plan Within the next month the man Mfg agement of the Chicago & North Brlggs tmcyrus-E- r western railway must submit a re Budd Mfg A Burns Br organization plan to the federal Purr Ad M court and to the Interstate com' Byers Co merce commission Several months CaiiTfek ago a tentative scheme of refi Call Cal ft Heo nanclng was presented in which Cm D O A fixed charges were sharply reduced Canad Pae Case I on senior securities but a sliding CaterpJ Trae ueianess scale of Interest was adopted in Cerro de P which the bondholder would benefit Certaln-tft Ohio by a certain amount of Improve- Ches Ches ment in net operating Income In ex C ft NCorp W O W cess of that on which the general Chi C M StPftPl no pt plan was predicated It is underPneu stood that this set up was not agree- CblTool pf able to the institutions which own O R 1 ft P do ft of cut the majority holdings as it in' Chrysler A terest payment in half It has apparently been scrapped In favor of a Colo F ft II do Df This contemplates company plan OAF a sharp reduction in charges but Colum Colum Flct vto eliminates the factor of cumulative Colum Carb Interest Coml Credit In Tr The reorganization clan of the Coml Coml Bo v Western Paolflo railroad Is about Com ft Soul a is to be congo-Ncompleted and expected Con FUra placed in effect shortly This was Con Gas Oil a simple problem compared with Con Cont Text those nowJn the hands of various cont Bk A B committees That there is consider CondoCan able hope of the consummation of Cont O Del prod other reorganizations this year Is corn Coty vldent In the market for the se Cr of Wh Crown curities of bankrupt roads These CrucibleZellStl Bu have held the center of the sdcu- do pf latlve bond stage since the first Cudahy Pckl of January with an average the UV highest since the early days under — D— A Co receivership In this period the Deere "BBB" group of corporation bonds DeldoA piHud in which the defaulted issues ap Del L A W Detroit Ed pear have had an average rise of Diet corp Seacr 34 points compared with 19 points Dome Mine al n the "A" list with the railroad Douglas Air DU Pont of all group grades showing an do deb average gain of three points comK J4 pared with point for the public Eastman El Auto Lt utilities El P ft L dopf Argument Set do pf El Stor Bat i On February 4 the Van Swcrlngen Endlcott-Jplan of reorganization of the Mis- Erls R R souri Pacific Railroad will be ar- Elf—Vao CI F— gued before the Interstate com- Falrb Mor merce commission In Washington Fd Me ft 8 Firs TAR This has been attacked bv the Flrit Nt St Stedman cemmlttee representing Foster Whl Tex Freep the large life insurance companies and other institutional holders of On Am Tr uen Bak we nrst and refunding 5 per cent Oen Bronie loan Their Investment in the va- Oen Cigar n rciec rious bonds of this bankrupt system n Foods Q A E A aggregate $60000000 two of the in- On Mills surance companies own $14971000 Oen Motor Qen and $11781000 respectively a do fd Out A third is listed as having over $9000-00- 0 Oen Oen Ry Eg ao pro and a fourth $8758000 R ft U It is expected that a Stiff fight Oen oillctte will develop over the plan which Olldden Co at one time appeared to be bearing rjoodrirh Oood T A Rl Oold down too hard on the refunding 5 Oraham--Duftl per cents and now has the aspect of Grant W Tl ctf being too generous in view of sub- GtNIrOr Ot No R Ml sequent railroad results In a let- at went 8g ter to the holders of the refunding — H— Hayes Bodr bonds Issued at the end nf Has-A- t Oil Here Pow November the committee failed to Hersh Choc see enough improvement In the Mis- Homesta M t A souri Pacific situation to warrant Houd-Hdo H we terms orpine debtors plan Hows Snd Walker Early Firm Tone Replaced and Others Rise on by Flurry in Metals " Transfers Drop Heavy Volume (Furnished by J A Hogls A Co numbers New York stock exchange) 1 III Taw changed hands uvtt 20 Indust 147 91 148 13 14659 off 38 Park Utah on which bids have ao 20 falls 44 M AH AI Al ' 20 utlls 3140 30 88 31 08: off! 13 dropped to as low as $4 since Jan40 bonds $10123 off 18 uary 1 sold at $175 and $487 0 New York Curb Shares Hit (Compiled by the Associated Press) 20 10 10 10 Rails indust utusb Foreign -- 3 -- 1 Net Changs l 912 1035 1018 71 1 Friday Previous day 91 3 103 6 101 9 71 4 Month ago 99 3 85 7 101 8 69 3 Year ago 88 0 86 9 05 8 694 Tintic standard Walker and NEW YORK Jan 24 UP) — Heavy 1935-3hlrh 91 3 103 7 101 9 71 4 1935-3- 8 low 78 4 84 5 92 2 65 5 Park City Consolidated shared the profit taking in metal shares during' 88 9 1934 high 89 4 92 9 70 0 1934 low 74 5 68 2 73 7 60 2 leadership in Friday's session on late trading gave the curb market 1932 low 40 0 45 8 64 6 42 2 tbi Salt Lake stock exchange— a 1928 high 1011 a't the close today after 98 0 102 9 1005 session marked by rising prices and a mixed tone Ten low vield bonds marked those firmness volume in 110 9 large Trading during the fore Friday Previous dsy 1110 three Issues was so heavy that the noon uonin ago 1101 not first call was 1 ear ago completed until Newmont Mining finished 2 108 8 1935-3- 8 high 1100 nearly 11 o'clock and the opening 1935-3low 1079 higher at 96 but Lake Shore closed 1934 high 1083 of the second call was delayed Tin-ti- c 5-- 8 lower at 58 1-- 8 after selling as 1934 low 991 Standard and advanced Walker 1928 high 104 4 high as 66 Bunker Hill & Sulli1932 low 868 briskly while Park City Consoli- van ended unchanged at 65 after dated steadied and recovered part getting up to 68 and Sunshine closed of Its recent loss Stocks !4 lower at 23 after selling at Mountain recovered Copper City 24 7-- 8 (Compiled by the Associated Press) to $6 its relativeon 30 previous high 15 60 15 In other groups there were more Indust' Ralls Utlls Stock! ly small volume Silver King Coali-- 1 -- 3 - 2 Net Changs - 4 losses than gains Declines usualtion Utah and on Park the traded 33 0 47 0 76 1 Friday 580 less than a point were shown Previous dsy 76 3 47 1 33 4 58 3 local exchange for the first time ly of Month ago 72 7 in American Cyanamid "B" Alumi 43 9 29 1 54 6 Tear ago 637 24 3 25 9 39 4 this year both at sharp advances 1935-32 high 76 3 3345 47 Tintic Standard advanced to $595 num company Cities Service Cord 583 1935-3- 8 low 40 5 21 6 18 348 up 15 cents on a volume of 2800 corporation Electric Bond & Share 1934 high 43 0 40 6 614 614 1934 low 453 22 8 24 2 34 9 shares and an odd lot sold at $6 Gulf Oil Humble Niagara Hudson ' Movement In recent years! and Wright Hargreaves 1932 low 8 7 23 9 175 169 Walker recovered to $250 Its high Transfers of 490000 shares com 1929 high 1469 153 9 1843 1577 for the movement with 2800 shares 1927 low 816 95 3 61 8 618 pared with 959000 the day before Dow-Jon- 1938 25 Untie Standard Bonds trading 72 71 30 JANUARY Extend Advance Big Profit Taking Averages NEW TOHK Jan 34 AP— Following a Hit of Friday'! stock t rani action! on ths New Totlc stock exchange: St Paul Road Permitted Mining Issues Stocks Bonds i SATURDAY MORNING 11 Bo state St Salt (371 Washington Are Nam Address Lake City or Ogden Utah t |