Show C 14 THE SALT LAKE TRIBUNE SUNDAY MORNING Cross Trends Hit Stocks Trade Mounts 2t At Fast Pace NEW a revival 25' inspired YORK March 7 UPt— Cross- Hupp of Illlnot currentsby European war fears swept through today's stock market As German troops marched Into the Rhineland and the French cancelled all army leaves recent equity leaders dipped fractions to around 2 points At the same time copper and aviation Issues enjoyed a near-boqthat Bent many of them to new high levels for the pa3t several Factory Output Rises Early Spring Aids Retail Sales RADER WINGET years Associated Pres Financial Writer The Associated Press average of An increasing number of favor- 60 stocks closed 6 of a point lower able developments last week placed at 62 9 Transfers totaled 1472000 the nation's business and industry shares as compared with 880760 last on the highest early spring plateau Saturday since 1930 Foreign Selling Retail trade appeared to be afBrokers were Inclined to believe Final that the relapses that occurred were fected by three movements orders for winter merchandise came due as much to technical factors as from numerous sections Inquiries to nervousness over the possible and sales of spring goods increased outbreak of hostilities on the conIn volume and continued clearing tinent of the weather permitted fulfillment Some selling was reported from of delayed purchasing by consumers sources but thlr was not foreign Almost every’ segment of industry to attain serious proporadvanced its rate of activity either expected tions since European speculators In response to immediate demand or and investors may realize that the in continuation of the long-terup-- ’ United States will be a safer place ward trend funds If an upheaval ocfor In those parts of the country curs their abroad the behind where retailing lagged TherS "Was little change in the rest of the nation the delay was atIndustrial picture and Washbright tributed to the weather ington developments including tax Predict Good Business agitation failed to shake the confiWholesalers counted such indices dence of the financial sector in the s buyers mall orders inquiries and continuance of economic recovery the response to trade fairs and they Gainers Losers predicted the best spring business in Currencies of the gold standard years The department of commerce In countries turned downward" bucked the trend for its survey of 33 cities for the week Stocks that or so included ended Wednesday declared: “With advances of a 36point at Boeing at 25 the advent of mors moderate Anaconda U S "A” at 20 weather retail trade moved forward Curtiss-WrlgAmerican'1 Smell90 at Smelting at an accelerated tempo in auhatan qnd Phelps Dodge at ing at 75 tialiy all parts of the country” Of the primary markets it was 37‘i Among the principal casualties Stated: “Wholesale trade showed a Westing-hous- e were U S Steel at 65 pendency to follow the expanding at 118 General Motors at lead of retail activity but on a 62 Allied Chemical ht 196 Santa smaller scale" Montgomery Ward at The seasonally adjusted index of Fe at 36 Industrial activity compiled by the 41V and Consolidated Gas at 34 V --h Associated Press advanced to 80 per YORK Manhi ( API — Following cent of the 1929-3- 0 average from 788 i NEW ft list or Saturday’ stock transaction ou the New York stook exchange per cent the previous week Automobile output and freight &T0CK8 (Sales 16 hundreds) carloading3 “Contributed the most to By v Mot ( On induct Kayl Inner Rand! Inland Htl in t Bui Ml Int Cement! Int Harveatl Int Int Nick Cl Int Salt Int Shoe i t T 1SJ 2 12 25 30 I'U8V 1136 45 44 74 61 91 71 74 4 44!74 3 3! 51! 27 81 49 27 62 17 52 2 119 119 1119 50i 87 V 87 87 Jouea ft L 881 Engineering construction awards week amounted to $35824000 against $22799000 the week before as reported by Engineering d last News-Recor- Two New Developments The two most important developments of the week in financial quarters were the successful $1809000-OOU S treasury financing and the announcement of the new Roosevelt tax program Reception of the treasury securities was one of the best ever recorded with subscriptions from five to seven times greater than the d amount offered securities advanced to the best levels in many years A distinctly bullish interpretation was placed by the stock market on the Roosevelt taxation proposals de-- aigned to raise $1137000003 In taxes with some $620000000 of the aggregate representing new tax money from a heavy levy on undistributed corporation profits The Associated Press index of 60 stocks stood at 63 0 at the week-en- d around the beet in five years The proposal was seen aS'an inducement to larger dividend O Low-yiel- payments Boston Stock List Total Boston Am Tob do B Am W Wka! Am Wooleni do pf 221 91 891 r 31 Anaconda Anchor Cap! l Arm m do pr pf A T A 8 FI Atl Refill Atlas Taekl Auburn Aul Avia Cor Paid-i- B n J’arnioall PRi Beldlng H Beech-- Lendix Ali Benef In L' Best ft Co ( Blnw-Kno- Air Boeing Bohn Alum) Bordeif Borg-Wa- Briggs Mfg Bucvrua-- 23ii lov 64 78l 32 Raich A sales swnf Br At Burr Ad Ml Calif Parkl Callah ZL1 Cal A Can D He A Canad Pac' Case J I Caterpll Trl Cclanese Cer de Pas Certaln-tC ft O C ft N W C M StPftPl C 94’ 2271- 10l- - 62l- 36 16 1 51 6 8 5 48 21 30 17 89 15 25 224 52 4 V 14 7 5 100 15 V-2- 6 23'52 Koyir 62 t 1 1 1 - 1 12' 14’- - 18 Chicago like crisis Corn higher — M— Mirk Trk Muc 9 Hi K fi 3 Magma C 3 Manh Bhlit dar St Ry 1 5Ui --d'tu pr pf'fj Mar Field ' 4t Mav I)cp fit li 2 Mavtag 2 McCall 611 McCrory 8t 8 do B do pf T McKee McK A R o Men gel Me&ta Mch Mld-- Midland 1 1 Pet St1 Impl K & T Mo 41 21 2 do pf Monsau Chi Mont Ward! Moth Lode 35 47 41 21 22 22 30V 15 15 SO 3 L inr 30i 301 30 W Hardware 10 000 Tlntlc Mines 5000 Utah Vanadium 1 1 8 14 14 120 1401 431 601 29' “ “ 7 121 - 28- - 72 1 28 52 17 58 51 17 58’- - Building and Loan 500 40 2000 5000 1000 200 500 2000 20 2000 500 1000 200 20 11000 Stocks and Accounts Rought and Sold Arrowhead Petroleum Abraham Irrigation Birthday Gold Central Standard Golden Ensign Ko!e Mining Medical Art-- Bldg Tark City Dev Pacific Natt Life Queen Esther Ufth Poultry Utah Ore 8ampler Utah Oil Refining Utah Power Light pfd Wasatch Corp et Did Stock-Mark- - 49 19V- - J9 JUI-1- 5 30 14 14 15 1121 112112 110I110 10 43 10 48 19 39 n 110 10 43 10 ft 48 19 3911 11103 41 1 13l 81 -- sale's 1 35 Salt Lake Bank Clearings Friday bank dblta flame day last year flaturdav bank clearings flame day last year Week’s bank clearings Same week last year --- 10 103 41 871 -- - 2114160 00 1782718 00 203532574 158990984 13958893 96 1105525556 -- V IV 201-341-- New York Curb 29 -- 25 lower NEW YORK March 7 (AP)— Following high low and closing price the New York stock fxchanii 32'-48- 8 W — Curb NEW YORK March 7 market stocks were in supply at concessions of small fractions to more than 2 points today Aluminum Co suffered the most severe decline since It began Its steady climb several weeks ago losing 5 points to close at 144 against a high for the week of 152 and a 11 2 U 66 N Y NY N Y Cent NY NH4HI C8tll Inveetl 62 Y Shlpbl Am Avlal Nor Am Nor Pac N N Ohio Oil Cllv Farm 37 62 192 281 541 191 i 31 13 41 37 62 Mi 11 4 13 914 28 14 33 271 V - 4 4 4 134 - L 13 9 27 32 84 31V 16441 16 39 14 39 a f - -- 16 39 31 19 162 9 - 1 1938 1935 1035 1932 1928 low high low low high of ana uie”t6CaT saiei'd? fetch bond Yr Low JO Fgn 8 9 102 87 S 102 74 4 92 45 8 40 101 1 98 10 4 99 3 2 99 8 2 84 5 0 84 9 102 9 100 BONDS LOW-YIEL- 8 8 9 109 8 110 1 84 8 110 2 110 7 107 9 104 4 high low high low Stocks- by lh Aiaociited Pre) 15 30 60 15 (Compiled March t Ill ill 110 high hlA 7 Net rhenge Saturday Pravknu day Month ago Year age 1936 high 1936 low 1935 Ugh 1835 low OF RECENT YEARS 8 7 23 9 17 5 IS 9 4 157 7 S 61 8 MOVEMENT 1932 (ow 1929 high 1927 low 146 9 153 9180 51 6 95 3 61 Dow-Jon- Averages es (Furnlihed by J A Hogla A Co New York stock exchange) Low Cloae High 20 Induet 15877 158 93 157 88 30 rail 4P93 49 £8 ‘49 81 20 utlllttea 32 96 3248 3259 6 40 up M member off off off 51 39 Produce Market First grads ) (Dollars and (Sales In 10001 TREASURY High Pnss) 10 Close low of 128 Gulf Oil and Wayne Pump each lost a point under light offerings and fractional declines were shown Electric m Catalin corporation Bond and Share and American lb $ lb Sweat cream butter lb (Parchment wrapped lesa) EGGS Largs white henneries doi Medium white henneries dot CHEESE Pull cream triplets lb Full cream longhorns lb Full cream 5lo sandwich loaf lb Jack cheese 5 lba each lb Wheel Swiss cheese domestic lb 9 Block Swiss 25-l- b bricks lb bricks lb Limburger Cream brick b bricks lb Roquefort 5 lbs each lb Full cream dalile Wlacondn cured mostly inactive specialties were able to show modest gains ynited Gas preferred ran up 4 points on a few sales and fractional improvement was shown by Technicolor and Sunshine Mining Sales approximated 316000 shares compared with 287000 last Saturday 20 ft weitern Operations in this country probably showed considerable increase CHICAGO March 7 (AP)— Stirred br Operations in Mexico and Chile tardy recognition of menacing features of however were curtailed sharply in Europe's nidwfest Crisis wheat rose practically 2 cents today and regained a favor- the last half of 1935 because of the - - ite goaf a bushel - curtailAlthough at first almost Ignored as a foreign copper production efstimulus toward higher prices Germany's ment program which became spectacular action sending military forces fective last June to the Rhineland In defiance of treaties was May Pull cream cured lb 20 98 18i $ Open 98 4 88 87 ft 1 High 00 g 90 89 Sept Com — May 60ft July 60ft Sept 60ft Data— 27 May 2 July Sept 2l 31 31 4s 4s am ls 31 11 13 Str Gen Bronze Gen Cable Gen Ciar Gen Dec ien Foods Gen GAKA Cen Mills 4 ) 60 18' 28 28 27 57ig58i 4s 19i 5l 6! 5i 20l 19c 14 2 Investing Companies 5s 85c 97c 89® 81 8! 16! 5s 61c ®lc 4S Davies Badger ct 4s f 16c 28®28e f 151720178 5s 80c 5s 1 4s 41 4s 4s 1 10 4lJ 31 32 33 60 40 34 2 4 5a 60 12 10 12 57 40 31 2 ---- 4s 6s 8s 6s Ss 4e 4s 4s 4s 4s 4s Share Earnings 5s 5g 2d Coffee Market 61 ?7!97 ioi’ioi'ini Ml 4a t 09c 6s 6i 7a 6s 85l 98' 84l 6c 5s5s 4s 1 12 36c 64: 31i 1 1 - - 41 41 12' 12' 0 10i 2 12' 571 57 4 ounces of silver gold 133447352 14419071 pounds benefited by advances last year The U S government’s higher gold and etlver prices are applicable to a considerable portion of the company’s precious metal production while lead copper and zinc prices both here and abroad are currently moving 25©26c iisa 5s 6s Sa 4a Bs Loan 5e 6e & and 6s 6s -- of copper 4277737 49208 ounces of pounds of zinc and of lead These all 31 31 1R 102 prnduo “The Strike which has kept Anaconda’s subsidiary in Mexico Greene Cananea Capper company closed down since January 1 is still in progress and there are no indications of an immediate settlement However it is not expected to affect Anaconda’s production total since the difference can be made up at Andes and Chile Earnings of the company’s unit Anaconda Wire & Cable company for 1935 reflected increased demand for copper products from automobile manufacturers utilities and the srm - 5s inst N TAR 1931 Anaconda’ higher 328’33c 33933c 85l Foster Wh Freeport T Gen Am Tr Gen Fak burin tion amounted to 396417983 pounds Rye NEW YORK March 7 (AP)— Butter 85 56 May Receipts 7299 unsettled creamery higher July 86 than extras 34 35c extras 92 score E! 34c firsts 88 to 91 score Barley— centralised 90 score Hey 40 Chaess — Receipts 115485 Lard — pounds steady state whole milk flats held 1935 Mar 10 55 CORPORATION BONDS May 10 45 10 65 fancy 2l&22c 10 45 10 65 (Sale in $1000) 10 62 Eggs — Receipts 32585 cases unsettled July 10 42 10 42 10 62 Mixed colors Jpeolal packs or selections Sect 10 30 10 45 10 30 10 45 IBaleel High I Low Cloae from fresh Bellies — 26c standards ftfcelpts 25 Mar 24 standards 25c and commercial 14 72 NEW YORK March 7 (AP)— Following Alleghany 5a 44 firsts 24c seconds 23 e dirties No 1 Hay 14 37 94 I a list of Saturday's traueactloue ou the 42 pounds 22 c average checks 22c do 5 49 90 — Steady New York curb exchange: All Live By poultry 5a do freight: 50 78 building industry and the trade 81 4641 Proc A 0 4841 46V-8- i Cash Quotations Am A P P 5a By express: Fowls 23 prices unchanged Pub Svc NJi 43 43441 42’ feels that demand from these STOCKS other prices unchanged 80 80 80 2030 25 tf24c CHICAGO ft ft 7 March Cash wheat 15 47V 4641 47 (AP)— Pullman Am I O Chem Dressed poultry— Steady all fresh and —No 2 red 8108 No (Sales In Hundreds) red 8102 sources will be even larger in the 3 23 Pure Oil ' 49 2341 22 frozen 116 prices unchanged 115) tough Low Close Am5ftft M 4 6 15441 15 Purltv Baki Sates! High current year It is believed that 1544' 124 White eggs — Resale of premium marks 45 1231 (is V°r"TNo- - 4 mixed 57 c No 5 mixed Am T 28 29: nearby special packs Including 55® 5Vtl 56c 144 desplte’the apparently unfavorable No 4 yellow 4 148 143 1 2 7 Alum Co Am 13 292 1 3 Radio 8 114 113 114 1943 premiums 27 28 nearby and midwestern No 5 yellow 17 17 No 4 white 59c T V A decision utilities Will increase U 17 Am C P ft L B do pf B' 94 05 95!109 col 26 5s 8 do 110 and 46 specials No exchange nearby hennery 5 white 35V4I 36 17! 36 r 8 8 201 Am Cyan B 47 8'-4- 6 6 114 114 100JJ midwestern exchange do 5s 65 25 standards - their consumption of copper in wire - - - sample -grade 40 Vl 40 4 6 40 1' 46 Vt 46 Am Gas ft El Reading Factfte coastrYTesn 052c— Oats— No 2 white 31 c Not 3 white and cable and it is also believed that Rem Band' U MrHU V AV4 w ft E-- 5a r 33 23 4- 22 Mi 23 4-- 7'jfW n§ r shell treated or liners 27 27 fancy 27 0 30c No 4 whfte 7 Reo Motor 7 22 20 Vs 20(4 20 H Anaconda 56' Am Light ft T 27 Pacific 511041104 104 ‘ pacific coast standard 26 3 any expansion of government power 2’4 Arm Del 4s 5550 24 6 24 Am Sup Power grade 22®25c Repub 8M ' 7 2 25 97 381 971 97 coast shell treated or liners mediums sample 1 3 98 do c t pfl 8oy beans — No 3 yellow 81c net track programs will increase purchases of 10 96 Vi -As G ft El A 1ft 11 105 do 39 105 24 26 23 22105 coast Pacific 25 pullsts No 311 14ft Rev Tob B Chicago 4 47 53 c 53 net 80 53i yellow 14Sl 14 Atlas Cnrp track AT ft 8F 4a 95 1711151114 116 Brown eggs — Resale of premium marks 3 copper Perhaps most important of 0 9 Rutland pf II 3ft do war 27 27 special Chicago nearby and western lj 9 81 3 Barley — Actual sales 70©86e nominal all further improvement in copper 4 Blue Ridge B ft O rfg 5s 95 86 sales from store 26 packs private ?§ 38 147 33 SO fl&feuav 8t (eed 32 32 47 80c & 050c cv do 471 14 do evt malting 60 pfd Duck eggs — Average run New York state — industry's statistical position is exTimothy-se- ed — 8t Jos Ieadl 8 28 27 121 14 105 27'- -Braz T ft L 141 $310 ewt 60 106 Beth Stl 4 3342v- 41 3 Clover aeed 812 50® 2000 ewt St Fi Bunk- - Hill Jt Sul L5Q 83 i £2 3i( Ed 5x 52 E 105 105 pected to develop Bkijr 3j— 8 Lard 6 2 Tierces 2 do pf 81055 loose 81010 3 2 Cen St El 105 105 105 CHICAGO March 7 (AP)— Poultry live Bkly U GC- 5a 50 Dl Schenlev Bellies — 81475 32 51 50 51 5 5 1001 5 ice Sen Cities — 6 41 Receipts trucks steady hens 5 pounds -3 3 3 fleab Air pf' 50 103 103 50 104 Can Pac 60 do pfd I' 50 and lesa 22c more than 5 pounds -4 64 Sears Roebl 16 60 65 1 1 1 8 03 92 92 do 4s perp Claude Neon Ltd Leghorn hens 19c springe 24c broilera l U 4 4 Sec Nat In Kansas City Ccn Pac 5s 60 1109 97 97 97 109 109 G ft E pfdf 23 Col 22 c fryere 23c Leghorn chlckena 18c uen el 201 20 19 4 do 1st 4s 49 20109 108 108 Hl 6 NEW YORK March 7 (AP)— Nsw Yorlt Com ft 8o war CITY March 7 (AP)— Wheat rooatera 16c 18®23c -heavy 110KANSAS turkeya 29 Sharon S HI 10! 30 29 CcrtaJn-t5 251 Mines Con c lower to lc higher No 2 Security Dealers' association cara 5ni Cop whits ducka 24c email 22c heavy colored 4 15 15 flhattuck 15 3 98 6 98 1948 98 7 25i Cord Corp No dark hard 3 7 No 2 81 13 17c small 21c 23c $113 geeae capone Union Asked 2 Shell 19 18 Bid 19 CftO gen 4 s 92 123 13il23 19 19 80' 19 El Bond ft Shars 5108 No 3 5108 No 2 red 1 117 do pf pounds and up 26c leas than 7 pounds 25c hard U17 117 67 2116 U5 1116 CBftQ rfg 5s 71A 67 1' 67 do 5s pfd nominal No — 3 nominal 106 5100 toms Dressed turkeve Bullock Fund young Sil King C! 24' 12 12 Steady 12 M 8 C 7 P ft P 5s 7 7 2 Electrle Shars Cloae May -lass than Impounds 27 e heavy flabby 98 c© 5104 64 27VSI 26 July Can Inv Fund 27 Simmons 23 1975 3 221 3 2 Equity Corp 1 September flimms Petl young tome 25c ben turkeys 27c No 2 87c Corporate Trust 5 6 do aj 5s 2000 20 401 20 A ft T Excello Corn c cara c to 18 lower 22c do A A Snider Pck’ 1U 26 higher 25 25 turkeya Chi ft N W evt 7 7 11' 8 Flak Rub — Receipts 0725 cases weak extra No 2 white nominal No 3 Soco-Vp- c 72c: do A A mod 15 15 15 111 16 S 49 66 4 Eggs 16 V5 21 47 47 47 Fllnkote A nominal flhrs nomNo 2 22c Dividend 7 26 23c local cara Sou Cal Ed yellow 25 67®69c firsts 101 101 51101 (rash Col F I 43 ft graded 5s 27 27 2 27 A Ford MCan inal No Inv Inc No 3 70c Fund 2 66® mixed 741 67c e Sou Pac cara 22e currant 16 firsts local 21 35 102 103 91103 Colmbla G 5s 61 8 3 Ford M Ltd nominal 68c No 3 nominal 64 Fund Tr Shrs A 65 ® 41 16 Sou Ry Y 18'-1- 7 N Con Gas racelpta 20(B20c 201122 '121 1121 Gt Atl ft P v do B 811041 104 do pf 104 10 10 29 Potatoes — Receipts 60 on track 174 ®66e Cloae May July 81c 1945 93 20! 94 92 Gulf OU Pa Oata c lower to three cara c Maryland Fund 14 21 21 Cor! 21 14H041 104 total United 8tates shipment 973 Idaho do 5s 57 flperrv 16 5! 16 Wide 8ec Nation No- - 2 white Hecla Min nominal 29c higher flnicer pf Ai 50' 51 107 50 4 V ruaseta 28® firm 30' 50V 51 107ll07V stock do other steady supplies 14 41 15 14 do vtc 71 68 Holling Gold - 1 28c and demand light sacked per ewt Idaho No 3 nominal 25 flpieg M Stt 27 26 II 27 Hud Bay M ft 8 Quarterly Inc Shrs Milo maize nominal 5108® 114 37 37 Std Brands! 601 17 a 36 37 G 4 B No 1 mostly 8175 D ruaaet R U ft Burbanks 01 73 72 Super of Am Tr D Humble OU Std O ft Et 18' 8 Karir 8109 20 20 20 DftRGW 5s 55 few $180 Colorado McClures (air quality U fi Elec L ft P A 45 III P ft L $6 pfdf 12 501 46 Std Oil Call 15' 46 Rye nominal 53® 55c $1 70 Nebrask and Wyoming Bliss Trido B 78 3 50 79 Ins Co N Am 79 141 18 Std Oil Ind 80 nominal U Barley Erie rf 5s 67 40®50e No 8 1 and partly graded umphsdo vtc Internal Pet 54l 62 Std Oil N J 80 80 80 61 62 do rf 5s 73 S 160 5155 A OItal fluperpow 224 3 6 ' 16i-184- 1 281 17 Stone A W Gen Cable 5 Lehigh C ft N CHICAGO Minneapolis March 7 (AP) — Butter waa Mount Prod 105 105 14 11 £tndebak 5 105 11!-1- 0' 1947 93 acore MINNEAPOLIS March 7 (AP)— Wheat Freeh: fully ateady today Swift Nat Imest 24 Get Stl Cast 5 24 21! 31 acore 31c 91 acore — Recelpta 87 cara: 92 higher- No ®32c 92 L ft 92 P N 2! 92 Int 1949 31 pfd 31 wft & 89 score 31c 90 score 30 30 e 1 heavy dark northern 60 pounda 81 26 2‘ 105 105 105 Goodrich 6s 45 Nat Bug Ref 2 2 Symington 1 No 37 1 score dark northern 58 if 31c Inside Centralised carlots: 90 pounds 9 81 9 9 Nlag Hud Pow Ooodyr T ft R 81 24®138: 58 pounds 51220135 No c acore 30 89 104 81 12 104 71104 12 12 17!-14- ! Bh MdB 17 Te'as Corpi 501 18 5s 1957 u Nlag No 3 56 2 57 pounds 81 19 0134 Member Salt Lake Stock Exchange 51 42 41 251104 41 Tex Gulf 81 Niles Bern Pond 37 37 t 371 103104 Gt Nor 4s77E 65 rounds 81 13 81160132 LOS ANGELES March 7 (UP)— Butter pounds H-1 in81108'108 ex Pac L' Was 7029 17! 1 1 Ohio OU pfd 11 23 West 2nd South 1291 No Montana hard 8123 fancy and -egga: Thcrmold 31 191 11 31 Hud ft Man rfg 5s 11 Pac G ft E 1 pfd 11I 12 125 grade of No 1 dark hard or — Extraa 32c 81c Butter 88 firsts Bonds prime 17' 12 Stocks and 1957 York Penroad New Thomp Pr 1 dark hard Montana winter I? $106 'nde-V37 standards 31c undergrade 31c 36 -121 18! As do Inc 5s 57 18 Phoenix Sec Chicago Grain 112: fancy No 1 hard amber durum 18) Tlmk-8 17 Eggs — Unchanged Axl 161 Pioneer Gold 16i1 No 1 81 red 11 durum 24 84c 111 Fast connections with all markets Western cheeie — Daisies 16c triplets 9 78 Cen 66 Trnik R B 69 68 68'-- 1 Premier Gold September July $102 ft 129 sandwich 16c longhorns Int Cem 4s 45 4 Tratnamer 14 14 prlnta May $108 St Anth Gold 06 Int Pap 5s 47 17 c 2olt's— No 3 white TrftW Air 17 17 17!-1- 0' Salt Cr Con WILL SELL Tri-Int T ft T 10 orp Salt Cr Prod Barley — 25® 77c 98 96 39 t 02 1260 Birthday Selected I Indus 56 c Rve— No 2 51 87 Rubber 87 87 52 02 4 do Under Ell! 91 91 91 Standard 1000 Central No Shenandoah pfd Flax— 90 90 91 deb 5s do 55 Un BagftP 7 NEW YORK March 50 50 50 8 501129 (AP)— Crude rubflherwin-Wm- s 129 1129 Bweet clover aeed — S3 50® 4 00 300 Dividend Shares Un Carbld ber futures closed steady 4 to 6 points 27 3i 271 27 14 St Otl Ohio 02 2000 Golden K C P ft L 4 a Ensign Un Oil Cal' lower March 1589 uominal May 1597 21 3 8t Power A Lt 113 1961 Un Par 5000 North Lily Knight Make bid bid July 1808 21 21 8' Sunshine 201 Mng 07 Un Air LI ' Bmoked ribbed apot 15 88 nominal I 31 1672 New Park 'Winnipeg 24i 31 ( 31 Technicolor 77 March 7 (AP)—Wheat: Lac Gas 5 a 53 Un Atrc C' 02 5 4 5 8 Teck Hugh O 5000 Ophlr Midland Close QLow High LorUtard Co 7s Un Biscuit 10 4 ww Trans Lux do 5s 59 1000 Perk City Dev $ 85 65 $ 83 1944 Un Carbon May G1 22 22 8 hid 84 Make Triplex 85 85 Utah 200 Uu Corp Park City July Vanadium 5a 41 Gas United 85 41 84 167 85 Oct McCrory Un Drug 300 Quarterly Income W- Un Lt ft Pow A 115 115 81115 filed Cash wheat — No 1 northern 83 c: No Un Fruit Market 1000 Tlntlc Gold Wabaih rf 5 U 8 El Power 75 ft Rob McKee No 3 northern 76 c 2 northern Un OaT Im1 Market 1 Z Wam Broa 6s 39 103 C M I Utah Apex M 16 104 No 3 white 50 Oats — No 2 whits 8 ft F Sec West Un 5s 51 32 Market Walker Min 8 Pac 5s 77 F 30 32 P32 Power Utah J e I' S ftjp4 30 SO do Air Western Market Exp US In A)co 10 Utah Power 7 103 do 5s60 27 1031103 48 N Dairy 5 i S Lea A DOMESTIC BOND8 N Y C evt 6s Liverpool Us R ft 1 In $1000) T 8 5s BUY k (Sales WILL Young 115V115 1944 U 8 Hub March 7 (API— Spot LIVERPOOL 1978 91 92 do rf 5s 2013 do tet pf 83 vheat — No 2 Manitoba 7a Russian 6s 201 83 83 A! Pow 67 Petroleum Offer lt 85 500 Arrowhead 86 2013 A do U 8 8 A R As Id AustraHan As Frstich BOND8 '107 107 FOREION 6 108 Alum Co 5s 52 Market 8c L N Y N H ft H evt $2000 Colonial Bldg d ) nf May Futures closed firm March 89 1 104 104 '104 Alum Ltd 5s 48 (Sales In 51000) 38 51 38 38 48 Market 6c L 6s St-'I 8 93 $2000 Fidelity Bldg i 108 A G A E 5s 2028 - f - 37 July 10 108 1108 3T37 67 ABttlbl P do 15) Ss P Offer "VM lt i'o f Standard 2000 104 Central Exchange— Am Roll M 5s 48 5'104 1104 105 1 1051105 61 Co 5s Am Nor 1953 Util P4L I Offer lt 58 As El 4'i 51 16 59 l 58 1000 Equity OU Nor Am Ed Antloqula 7s 45A 221 33 G 13 ft E 50 5s 105 As 105 105 1 Market 30 First Security Corp 1063 Vana Mum ' 11 31 5s 68 26' 31 1033 Argdo 6a6s 6181 Feb 163 31103 Offer it do 5i 57 A 300 Koyle — V— May 201 30 29 4 s 40 C 29 1103 Australia 5s 55 36H10 Nor Pac 6s 2047 Oiler lt Veins 1000 Mineral 106 vilgrten ' 38 L I wwl 4H06 106 Bald 6 1UV do 4s 97 66 do NEW YORK March 7 (AP)— Coffee alworth 10 National Reserve 82 99 98 97 6s 18 xw 7s 56 under foreign end was easier Belgium Warner Pie today again 1 105J4 105 Offer 701 D E 105 lt Chi Ore 8h Lin gtd Units do 6s 55 ves9 OuS trade selling owing to disappointing de 1 121 74 74 121 121 69 75 Cities 8er 5s 50 5s 46 Market 5 Pacific Nat Life Berl City El WcM Pnr mand for the actual 69 69 60 51 s 52 ft 25' R R Or Wash CAP 1951 Un Tel Santo $500 Salt Lake 6c Ogden opened 3 to 4 points lower and 107 107 2 107 4'107 Com Ed 4 s 81 F 107 '107 N 4s 61 do 6s 55 Sales 8000 closed 6 to 8 points lower Offer It Vet Air B R R 7110211021102 C 0 E L B 4s 81 20 107 107H07 Otis Htl 6s 41 Bolivia 8s 47 MAM No 7 opened unchanged and closed 2 20 United Bond 8e s 5S‘ 7 105 4 105 Oonsum 105 P 58 7s do Closto 3000 7 Sales lower WeUa'o C 103 points 6 1031103 26-5Offer lt 88 31 88 C G ft E 5s 58 A 88 Pac TAT 5a 17 Finance Brazil Whir Mnt Santos March 810c 108 ing quotations 2 1081108 84 7 85 F P ft I 5s 210 49 do rfg 5s 52 do Offer It Wh Kk M S $2000 Wasatch Bldg 6c L 50 May 839c July 8 4lc September 8 46c II 001 SO 103 Pan Am P 6s40 37 5 101 101 Falrb M 5s 42 British V llfo 6c L 7 81c 4 No Market March Western December 84Ac Bldg (4000 60-61 106 Pen P ft Lt 106 78 D 106 4a do HLftP 4 omu or'h 107 Market 10 Zion's Savings Bank May 4 91c July ftOlc September SlOc 12 1071107 H P N F 5s 50 1981 Buenos A 6a 61 111 2 1UU 111 V rti’tt Aer 5 December 21c All Bids and Offers Subject at a Pen R R gen H Fd 6s 49 A 6 79 79 79 Wrlcle iSviUVill lr 111 Santos 4s 9 Spot coffee Quiet 1981 I P A L 5s 56 C Bk Mt Chile 6' 90 99 99 — — 110 Rio 7s 110 131111 do 4 i 84 E I P ft L 5s 7 A 1661 5 105 YeM T A C 103 '105 104 27 1041104 70 do Chile Ts 42 I P 1 7 59 2' 50 75 F 59 Younc SAT 61 Pere 6s Jan Colomh Tut Salt 5s 51 Marq 5 107 '107 '107 97 1980 Copenhag 5s 52 K G ft C 6 105 n 05 50' Zenith Rad '105 1051105 105 45 PhUa Co 5s 67 Cuba 4 101H01101 5s 4 7 Zntjite Prod 105 105 71 4s Elec Phil 55 Denmark Mass Gas 5s 55 103 12 103 '101 ft W Va 4 82 4 Pitt dn A 51 3 106 '106 5 MLHftP '106 To’ 'il ss'es flaturf!a 1 472 110 shares NPftL 5s 2010 R 50 0 Ger 1900 El P Z C M I 2 90 9(1 90 prexom da 2‘Uil40 week ago 880-vea- r Ne Csl E 5s 56 Port Gen E 56 Finland 91 21' 92 f 91 two vears ago 12 ago 288 090 41 1960 French 201 71 72 71 NFOftE 5s 50 (20 Januarv 1 to date 141141687 Tel ft C 49 Postal 7s do Bank Stocks s 67 610T 1106 '107 fico two years ago! NYPftL 4 jg 608 886 Oar C Ag Bk 6s 5s 53 1101 5 101 "77 801 1101 70 Ei VIPAfl &t 1964 V R P 61 ? 107 1107 '107 Utah Oil Refining Rem Rand 5s47 Oer O Ag Loan O G ft F 5s 5fl 3 1 05 ‘105 105 Richfld Oil 6s 58 1 105 POAF 4 ias 57 El 105 Aii1 105 1944 A ct Gov Inti Ger s 60 F ’ Consolidated 15 105 '105 '105 Wagon 1965 21 20 32! 21 84 P P ft L 5s 55 78 14 8t L 8 F Ger Govt 7s 49 24 24 1 II 24 A 98 4s 81 B 4a POLftC do 50 51 7a 9fft Italy Utah-Idah- o NFW YORK March 7 Common AP) Sa 72 111 Sugar 2 111 P F P £ Japan 6s 5254 ('lll It 1943 106 11108 106 earnings statements released during the PANT 4 Us 81 F 5 Norway 102 102 showing i roflt per share Included 91 91 49 7' 91 Shell P L 5a 52 P8PAL 63 5s Utah-Idah- o do 60 90 Sugar Preferred t Sou Pac 4 68 3 85 85 Yiar ended Dee 11 85 Nor Hyd El 4U 50 D 1935 1034 90 90 8JL 5 108 i4 06 do 4 1106 American Telephone ft TeleBMW 4 s 79 1957 Or Sou Dev Pac A 1103 Orient 9 6s 103 103 SFPftL 20n5 'and associated graph Amalgamated Sugar Preferred 25 97 1977 1958 $7 11 cnrnpa'ncs ’ South Ry con 5a Peru 1st 8s 60 General Electric Go 97 101 21 60 1994 8a Poland Western Building Goinnltdatd Oil Gorp Studebaker 6a Rhine West 6a 55 Hcrbes ('hocohtc Gorp 43 112 evt 45 Rio de Jan Intcrnn t lonal Business Ms- I 1953 1011101 5101 50 Tex F 8 62 Rome SOLD Lambert Go BOUGHT QUOTED Tax Corp 5a evt Paulo 81 7s40 iPubln Smut Gorp of N J 9ll04!104 104 8ao 1944 5 61 Tokyo City 29 104 1031104 P 5a80D Tex 8s El Lt Tokvo FOREIGN BONDS ns NaGonn! Caih Rcg'stcr Co 1953 (Sales In glOOQ) BurroUThs Adding MaclWsCo 5 2 103 87 Un Pac 4 1031103 Un 8(1 Wk Ncwr-oji- t 2 02 Mining Corp do 1st 4s 47 6113 113113 1951 A 4 17 Pccrh N't’t Pa'dn'T Co Unit Bla Am 5s 1 75 10 108 Diamond Match Co 2 108 Total sales Saturday 87437000 1950 4 46 102 8 102 102 vlous day 514318000 weak ago 57805 Unit Drug 5s 53 Amerrai Tgbarcn Co 2 21 000 year ago 57481000 two years ago Total stock sa’e Established 159 flaturdav Flcitr'r Itoranc Battery Co 10H05( 1051105 19 000 U S Rub 5a 47 88 333 000 January 1 to dale 5922482 96 Hometake Mining Co 28 28 shares veer ago 8) 090 hres total bond Utah LftT 5s 441 33! 071 96 98 Loosc-Wllc- s 000 vear ago 8672832000 two years B ecutt Co 2 06 year ago Utah PAL 5s 441 121 981 98 $2600000 Saturday II 70 UtU PAL 5s47! 701 70 ago 5936428000 $1986000 p — Preferred 4s FlrM units were $4056-27- 4 the lowest in several years and a decrease of almost $500000 from for 1934 Chicago Grain July 23 longhorn Two figures in Anaconda Copper Mining company’s preliminary report for 1935 bring out how increased activity as well as higher prices enabled the company to report the best earnings since 1930 Actual production figures will not he avaUable omtU the formal annual report is published Depreciation charges increased $2094684 to $8390016 the largest since 1929 This indicates that production and sales also were the largest since 1929 since the company calculates depreciation of metal producing plants on a basis Furthermore expenses Range of Leading Futures Pull cream longhorn a Wleconitn cured lb Pull cream triplets weetern cured pound Production Wheat — pound “B" 3 Cyanamid A few issues -- Increase in Depreciation Shows Big Gain in later chiefly responsible for the most active faurtflf tht Wheat market hM Has wUhd Iff many weeka This development did not take place however until the Winnipeg market which long has acted as a drag on values gava evidence of at last showing a vigorous upward trend Wheat In "Chicago closed relatively buoy1 ant cents above yesterday's finish May 99-$- l July 89- 90 com up oats May 60-6- 1 advanced ana provisions unchanged to a rise of 25 cents SALT LAKE CITY "fttJTtxsK flecond grade U 8 GOVERNMENT COND8 ISalesI 10 Satnrdsr Pravloui 4 o Month 1938 1938 1935 1975 1928 1932 - Auoclsttd Induat UtU Rd)a - 3 un uo 93 S 103 3 102 3 3 9 103 3 102 3 103 8 102 1 92 80 8 94 I 8T 9 94 3 104 1 102 3 Net efaanfs Saturday Previous day Month ago an bond Saturday’s n 10' do pf R I ft Pi do 6 pf Bargain I 07 The above prices to the Purchaser WE WILL BUY AT HIGHEST MARKET PRICE What the 6s SO By Anaconda 11l 11l 4 1 Make Bid are NET - 2s Bonds by th (Compiled 7 Mud Keen competition among the metals Is foreseen by Dr Francis C Frary director of research of the Aluminum Company of America in an article in Industrial and Engineering Chemistry publication of the American Chemical society Aluminum is a formidable competitor of copper and Its alloys according to Frary who visualizing the next 50 years of progress points out that In the past half century the productive capacity of the nation has Increased from nothing to about 250000000 pounds of aluminumier year a dollar per" Approximatelypound of annual output is invested In the Industry “For copper Itself the' principal competition has been In the field of high tension electrical transmission where over 430000 miles of steel reinforced aluminum cable have been Installed in this country alone” Frary explains 'If! 1 1 Make Bid pfd t 2s and the two Treasury most active issues yielded around of a point while others ranged lowfrom higher to er Sales amounted to but slightly more than $700 000 Foreign bonds in modest supply at concessions up to a point included Italian 7s at 674 Milan at 56 Rome 6 Vis at 584 French 7s at 182 the 7Vts at 182V6 and German Agricultural banks 6s at 31V4 German 5 Vis the most active issue closed unchanged at 28 and the government 7s advanced 4 at 314 Losers of minor sums In ths corporate division Included American Rolling Mill 4 Vis Paramount 6s Postal Telegraph 5s Remington Rand 5V4s and Warner Brothers 6s Issues holding about unchanged to a shade higher included International Paper 5s at 96 and Consolidated Gas 54s at 104 Transfers totaled $7437000 par value compared with $7805000 last Saturday a The Associated Press averages were unchanged To 3 of a point $ 31' 2l 34 Saturday 09 96 00 01 sympathy wheat Cattle nominally steady Hogs steady top $1045 17V- - 17! 49 18 49 20 it Pac 34 U 47 40 21 1! 11 43 10 48 20 40 10 8 Min M M 35 47 European war- low-pric- Stocksy Bonds Averages i'inni - 18- WILL SELL Prk European selling Wheat strong 18' I87'- 25 62 29'81 Badger & Go 900 New Mining 2000 Ophlr Midland 1000 Parle City Dev 1 tion Coffee lower 5t 14'4 VS 9 14 14 12 121 4 72 22 28 53 26 17 51 4 26 5141- - 2 34 1 1 Vi 321- - 49 22 30 17 89 16 26V 23 V 52 1SV4 141 19 891 2541 24 V4 11! 63 4 82 111 2944 29 Vi 1 81 81 15' 6141 82 1' 124 58' ' 1 STOCKS & BONDS 16 WEST 2ND SOUTH ST WE news Cotton steady local covering trade and foreign buying Sugar firm strong spot situa- 96l 1 82vl- 78 !6 12! 144 - 91- 82 77 32 3 131' Mfg 2 1841 Bulova Wal -Burid 91 934 22 Vi 10 62 35 25 6 L do pf ft 0 do pf 93 94 (AP— stock easy NEW YORK March 7 (if4— The bond market mbved Irregularly lower today along with 'other financial markets which became unsettled in the wake of disturbing political developments abroad Losses of major fractions to more than a point in a number of foreign Issues and similar declines in a few rails represented the main damage Good support ap-- ( peared In other groups on minor dips U S governments were narrow 6556c 56c 68' 07' 7' 10l 11' 10l 11' 19575 shares deand-narro- specialties lower Foreign exchanges lower gold currencies decline on German - 111-- 169 100 I nrsler ' 19 Colgate P Following arc Cfdo F ft I and closing prices 3 18 U do pf f storks traded ou ths Boston Co)u OftE 18 Saturday stock exchange Col Curb 102 6 103 Com Credit' Low j Close Com In Tri ISalesf High Com 8ol Boston ft Alb 40 140 1140 140 Com ft floui Boston E'e 115 67 Congo-Na- l Ranee 7 7 185' Copper Con Film Fast G ft F 80' 10 Con Gas Fast 8 8 11 30 Con Oil Edison El 111 164 '164 118 165 Con Text Employers' Group Cont Bk A' Isle Rovale do B Mergenthaler Con Can N E T ft T O Del' Cont North Butte Corn Prod Old Dominion Cotv ulney Crea of Wl flhawmut Assn Zelll Crown Torrlngton Cub RR pf Union Twist Dr Cub-Aflu 70' 13 Un Shoe Mach Utah Metals Warren Bros BOSTON March 7 the sales high low Curb - 34 V- 54 'etS-12- 1 - 17 “the movement Auto Output Increases Motor makers built 84705 units last week compared with 64956 units in the previous six days and dealers revealed a sharp increase in sales of the past few days because of higher temperatures and additional sunshine in many sections which are for the Carloadings 3 Week ended Feb 29 were up to cars from 588712 the week before and 604642 a year previously The additions were in miscellaneous and freight and the midwestern carriers received the of bulk the benefit Steel mill production was up to 835 per cent of capacity from 529 per cent the week before and 482 per cent ' year ago the gr§atest demand factorslaelng tfie rail equipment and motor manufacturers New York Stocks irregular foreign velopments unsettle list Bonds soft foreigns quiet -3 113m3'll3l 11185 185 185 II 27 2 52 Tl 113l 18 Johns-Ma- - 1136 Copper Faces Large Sales Serious Rival Strides Made In Aluminum Bond Prides Move Lower Markets at a Glance - 25 30 Mi 30 131 MARCH 8 1838 Edward L Burton & Company Go 4 A |