Show it THE SALT LAKE TRIBUNE TUESDAY MORNING APRIL 7 1936 STEEL STOCKS LEAD AS INDUSTRY ISSUES SOAR Motors Bring Good Demand New York Stocks Bonds Stocks Averages Stocks Rails Steady NEW YORK April 6 (AP)— Following Is a Ust of Monday's stock transactions on the New York stock exchange: news of business The brand ‘seemed much to the liking of speculative and investment forces and foreign developments were rather of a neutral character Leading Item A leading domestic item was the estimate of American Iron & Steel Institute setting current mill operations of 645 per cent of capacity an increase of 2W percentage points over the previous week and the best rate since 1930 "Blue Chip” equities were given a fast early run Then there were profit taking intervals when some of the brisk movers backed up moderately Strength was displayed by the majority of the steels and the motors were almost as much in demand The rails were given a forward push for awhile but the more active carriers were only up fractionally at the finish A few utilities also drew a following for relatively substantial advances The Associated Press average of 60 issues was up 3 of a point at 666 another new top since July 21 1931 Transfers totaled 2115048 hares trend Sympathy with the steels together with expectations that higher prices are due soon helped some of the coppers Anaeonda was lifted Hi to a new high for the move at 38(4 and Kennecott was an active performer in new high ground at 40 8 up 1 8 Scattered power and light holding company stocks were bought on the theory that they are behind the general list The magazine "Steel" stressed the expanding output of automobile manufacturers as one of the principal aids to steel production Orders for new rails also added tonnage to mill backlogs during the past week 694 284- - 9U 8 1 ARAKS It Mill A A A 170 116 82 k R do pf 8 Fdrs S 3 20 2 14 336 Anaconda Anch Cap Arm Del pf Arm III 1 do pr pf ATAHF Atl Bald Loco do pf Balt A Ohio no pf Bamber of Beech-Beld-Hen- Bend Avlat Beit Ind In Best A Co Beth St new Briggs Mfg Bucyrus-E- r Budd Mfg Bui Watch Burr A M Byers Co C— Calif Pack Calla Cal A Hec -- Case J 1 Cat Tract Celanese Cerro de P 12 15 92 66 19 30 Certain-t- C A Ohio Ches Corp Chi A N W CMStPAP 15 10 do pfd Chi Pn T pf 4 4 4 54 2711103 Chrysler Col k Palm 10 18 Colo F A I 191 0 do pfd Coltim GAE Colitm Piet vtc Oolum Carh Com Credit Com Inv Tr Com Solv Comw A 8 Congo! Na Con Oil Con Text 54 18 18 Mi 6(41 20(4 54 2174 244 ( - m -21 40 4 1474 401 1474 1774 274 8074 36 '4 A 81 30 9 mi 1774 4 74 8 74 8 74 4274 14 14tl 1361 14741 I 77' 10 8 46 39 M 8 8t£ 6074- 4874 88 374 49 2574 - 25 17 5 167 11274 113 74 26741 23 A 40 10 23 Vi 20 104 tr I 13! 24 2ll‘22 IS 100 3 2 102 3! 34 23' 44 301 47 II 44 261 23 4' 77 McCall McC Stra pfd McK A R Pfd Mengel Msta Mch Mid C Pet Mid Steel Minn M I Mn K A T Mo Pac pfd Mousan Ch Mont Wd Mother Ld Mot Prod Motor Wh Mur Corp —N— Nash Mot Nat Biscuit Nat 0ph R Nat Pair PH Den Nat DlslllM At! 301 501 551 71 11 11 West - Woolworth I H Wright Aerl ’A “ 74 21 2l 5! 341 47l 51' 49 II 11V! 871 2244' 47 RIAL 3 14 rV 311 3644 36 36 20441 20141 20141-520441 1944 19741- 1011 361 09 141 60 2041 1 74 2444-244- 8t 3244 251 9 3244 nt 12 4 3844 1144 11 ll 281 131 - 844 24 90’4 44 74 4412!J 74 1121 601 4J 1 781192 tV- 174 86 76 Cl at 27 (4 c 100 a t27c Prince Consolidated 100 at 12c Tar Baby 1000 at l(4c 5000 at l4c Tintic Lead 200 at OOe 50 at 58c 2125 at 58c 500 at 58c Walker 350 at $225 West Toledo 2000 at 44 c CI’RB SALES (AFTER 1 F M) Kennaboc BOO at 20e Park City Con 1200 at 27c Walker 100 at $227(4 BAT 5s 78 115 2101(4 101(4 101(4 25103 193(4! 103 (4 11103 110244103 7ll03((!l03(4 103(4 6113(4113(4113(4 1101 13101(41101 98 9741 97 44 98 72 68(4 92 00(4 95 (16 5e futures (16 10 (15 7s 6d futures (15 NEW YORK April 6 (API— Call money Stead? per cent all day Prlma commercial paper — per cent to elx 80 day Time loan —Steady months 1 per cent offered 30 Bankers’ acceptances — Unchanged 6 per cent 60 to 90 day day Xtv to four month (4® six monthe 4 05-1- 6 Rediscount rate — New York reserve bank 1(4 per cent Inf ormation Furnished April 8 (AP)— Lead—and NEW YORK line future doted quiet: no tale: Dividend Shares Edward L Burton and Company Without obligation w will gladly furnlth PROSPECTUS of 39 Unlisted Industrials bat — 7— Zrvith Rad 7 on It e Prod Total tale Monday 2115048: previous week ago 986700: year day 1011470 two veara aeo 866305: 707210: ago date 188918953: year ago January 1 to two years ago 150659408 54tp0753! BALKS 0j 1104 Amalg Sugar 7 37 1103 Holly Sugar 61 8 J S Ogden 5 19301 10 8 L Term 6a 1935 30 Hotel Utah 54 941'104 Utah-Idah- o Sugar 514 101 50 1105 50 00 00 12 PO 35 ’00 1106 00 102 TO 00 00 00 Foreign Exchange f API— Foretrn Great Britain in dollars k Westtch 1016-1- 68 68 91 91 90(4 90(4 94(4 39 94(4 1 Investment Securities Continental Bank Bldg 1 Prospectua and Quarterly Report on Investing Companies NEW YORK April 6 (AP)—-NSecurity Dalr esaorletlou Dividend Shares York will ba aent to you upon request J A HOGLE & CO Mimiim Niw York Stocx eickamu Establiihtd 1915 132 Bo Waeatcn 17 Main 39 105 7105(4 105 2107 106 107 32107 106106 27105 105 105 WITHOUT OBLIGATION PROSPECTUS OF A Idaho Potatoes 6a 5s l04 00 Total stock sales Monday 541000 shares year ago 162070 shares total bond aalet Mouday $2 900000 jear ago $4100000 I City 1770 DONALD E PENNEY CO 9RVI 98(4 72 72 W Abit Park 53574 j 28 741 24 23AI 23Ul-N- at 1ft 14HI 14 u 32 32 32 10 Lead — Spot Zinc — Spot 12s 6d 7s FALLS April 6 UP) — Shipping pomt information for Saturday: f o b cash track Upper valley carloads to dealers: Russets U 8 No 1 $115 & 1 25 ap occasional ordinary car at tome outlying" points as low as $110 best most It 51224 0125 U 8 No 2 mostly 800 824c: cash to growers bulk per cwt: Russets U 8 No 1 most points $100 0105 an occarional lot towar some held higher U 8 No 2 65000c y carloads f o b cash Twin track to dealers: Russets UU B No 1 a 8 No 8 few higher $1200125 mostly 800824c cash to growers bulk Russets U 8 No 1 mostly $100 percwLia few higher and lower U 8 No 2 0105 55065c most points 60c IDAHO WILL BE FURNISHED WRITE OR PHONE GLADLY YOU F( OWN INVESTMENT DEALER 5s 741 20 41 20 4 35 741 35141-227 14 29141 (206 3s 3s 45 4a ’a in 1 ll 144 14'4 971 19d cables demand 495 y France de bills 404 mand 6 50 cables 659 Italy demand 79 cables 791 Demands Belgium 16 02 Germany free 40 29 2150 reg travel 2075: reg comm’l Sweden Holland 6700 Norway 2489 2555 Denmark 2212 Finland 221 Switzerland 3260 Soain 1366- Portugal Greece 4 51 95: Poland 1890 Csecno Slovakia 414 Jugoslavia 231 Austria 1880n Hungary 2960n Rumania 76 A cent hie Brasil 859n 3304n Tokyo 3012 2895 Shanghai Hongkong Mexico City 27 82 Monteal In 3281: New York tn Montreal New York 9950 10043 n — Nominal 10108 101108 1102 221103 171105 41104 44 PftP 5S 53 Singer Mfg 38 44 Antloquie 7l 45 A 8 Cal Ed pfd JO 38 99 61 Feb 3 Stand Oil Ohio 3044 Arg 6 105(4 55 11 Sunshine Mining 19(4 Australia Ss 56 100 do 6 Technicolor 3044 108 11 Teck Hughes Gold 444 Belgium 7s 56 104 do 6s 55 Trans Lux 2 25 V4 8 United Gas 113 8(4 B City El 6s 55 10 United Lt ft P A Bolivia 8s 47 70 7 26-57 U 8 Elec Power 25(4 Braril 72 106 37 Utah Apex Min British 1‘ 13 62(4' Buen A 6s 61 sta Utah PAL pfd 1 62 8?& 15 Western Air Exp 2 Bulgaria 7(4 68 Canada 4s 60 Ts DOMESTIC BONDS Chile 7s 42 22 (Salat In $1000) Colornb 6 61 Jen 97 52 5s Ala Pow 4(4 6T 71 8244 82 8244 Copenhag 100 53 5 Cuba (4s 51107'A 10644 1084 Alum Co 6 52 47 do 45 5(4 A Q Si 2028 421107(4 107 107(4 Denmark 101 55 Am Rad 4(4a 47 1105 105 105 98 4 (4 s 62 do Am Roll M 5a 48 1104 44 10444 10444 Finland 8(4 56 102 A 121 67(4 Elec 4(4 53 584 57(4 French 7(441 175 22 9644 95(4 95(4 Ger C AK Bk 6s Bald L 6a 38 w w 111 93 6a 38 xw 92(4 9244 20 1960 Oct B T C 5 55A 11115(4 115(4 1154 Ger C Az Loan C Diet E'4(4 70 2110444 10444 104 44 3S 58 6(4 77 Cities 8r 5 66 15 77(4 77 Ger Govt Inti 5 (4 151 72(4 72 C S P 5(4 52 26 72(4 1965 Com Ed 4 57 D HOW 34 2'Hl 110(4 Ger Govt 7 49 4 81 F 33 17!108(4 106 4 106(4 Ger Gen F3 6s 48 344 41104 &4 10444 10444 Italy 7s 51 65 H 74 C (5 ft E 5s 58 A 751 90(4 89(4 8944 Japan 6(4 54 91(4 Crane Co 5 40 10 102(4 102(4 102(4 79 do 5 (4 s 65 E P ft L 5 2030 631 8544 34 84(4 8444 Kr ft T 5s 59 qvt Falrb Morse 5s 42 l1 104 4 104(4 104 'A Norwav 5s 63 101 HYftP 4H 78 D 73 58 6103 (4 1103 103 Orient Dev 5 11 77 H) grade F 6 49 A 77 90 77 Poland 8a 50 I P ft L 5 56 C 14 99 44 99 4 9944 R)o de Jan 6 53 14(4 6l 99 65 Ind El 6 47 52 -9844 04s ?nme I P ft L 5s 57 A 8'IOB 92 El Pow 7s 55 105(4 105(4 K O ft B 5s 47 74 61 73ll03(4 103(41103(4 Toklo Cltv 5 77 Mats Gas 5s 55 71103(4 103(4)103(4 Toklo El Lt ti 53 46 McCord R 6s 43 4! 99(4 99(4 99(4 Uruguay 6 64 78 6 90 NPftL 5s 2030 B Yokohama 6s 61 89 44 90 211 94 Ncv C E 5s 58 94 93 Total sale Mondsy $11 140000: 581 6844 NEOftE 5s 50 6844) 68(4 dav $7059 000 week ago $7687-00- 0 N Falla P 5s 59 8Y0544 10544 10544 year ago $9298000: two years sto NIPS 414 70 E 1101 8'101(l01 13877000 January 1 to data $1180-11700Ok O ft E 5 50 5I10444I104(4'104(4 var ago $943339000 two years PGftE 4 (4s 57 E 51105 (4)105(4105 (4 $1246218000 ago 171 83(4 P P ft L 5s 55 824 834 91 99(41 PGLftC 4s 81 B 98441 9844 61 11 1 P El P 5(4 72 1111 mi Salt Lake Bank Clearings PSNI 4(4 81 F 4103 (41103(41103 14 171 92441 92 (4 PaturdBv bank debits $ 24tM7:ino PEPAL 5(4 49 02(4 Pame 1810381 00 dav last vear D l! '85141 85 4 85(4 4(4 50 21 85(41 13909178 00 Past week’s bank debits nSher Wyo 8 47 65(41 65(4 00 Pme wek last vear SEPAL 6a 3025 A' 18 1034 1103(4 10314 lRglARn 2 874997 00 Mondav bank clearings 8 Cal Ed 34 601 11 103441103 1103 ? 787 300 80 flame dev last vear l1 73(41 73m 73'4 SGftE 6 35 evt 8 P ft L 6 57 671 70(41 69(4! 6944 1 109 TPftL 6 2022 A 1109 1109 1 107 Toledo Ed 5 62 107 107 51 98(4) 96 UPAL 6 2022 A 96 4 342 INDUSTRIALS 3 74 37 6741 11101 74'1M '4 101UU 1411 4 5 74 4 4 74 44 V1-2741 20) 25 221106 FOREIGN BONDS in $1000) ( Sale Salt Lake Curb 11 81 1 4a Young (Trading Salt Lake stock exchange) Consolidated Wagon and Machine 100 at NEW YORK April 8 (API— Following 05 500 at $307 the hid ton Mked quotations furnished $3 Utah-Idahtrt o Sugar common 100 at $385 bv the New York security dealers on New York bank and truat company stocks traded 200 at $382 Power and Light $7 preferred 7 Utah basis an on Monday at $61 CURB SALES (AFTER 1 P M) BANK AND TRUST Utah-IdahSugar common 900 at $385 250 at $3 87 1974 Ifil 8S Warn Bros 6s 30' West Pac 1st 5s46( Western Un 5a 51 do 50 do 5a 60 New York Bank Stocks 1113 35' Yell” T ft Young 3874 46 4 88 74 2074 2 9 '4 3174 13741 137 113 11 1044 4 4 A 44 9741 974 an ia 81 23 "I 47741 4(14 Jr Wrigljjv 4s Vanadium 4a 51 VaftSW con 5s 58l 8bt WhRkM Wh Sew Ml Wilson ft C 43 47 44 22 76 30?!: 4 V Tel Westing Air White Mot Wet ElftM 99741 9974 1017 337 08 174 West Paelf 224 22 51 - Macy R H Magma Cop 41 Man Rhlrt Mkt Bt Ry 17 50 ll pfd pr pfd 16 Marsh Fid Mav D 8trs Wess - 29 74 29 74 26 26 23 23 38 H 4074 2274 2274 103 74 103 7177 24 74 I474 Vanadium — W— Walgreen Walworth Ward Bk A Warn Pirt 759 NEW YORK April 6 (API— Bar llver— Quiet and unchanged from Friday at 44 (4c LONDON April 6 (AP)— Bar gold— penny higher at 140s 7V4d (Starling price to equivalent — 53483 ) lowsr at Ear sliver Quiet (Sterling price equivalent to 4435cente) The Bank of Eng In bar gold Money — per cent: dlecount h retee ehort bills 44 per cent hills 6 per cent LONDON April 6 API —Copper — Standard spot (36 12e 6d future (36 17s fld Electrolytic (pot (40 12 6d futures (41 6d Tin — Spot future (214 12 NRW YORK changeinIrregular cents: other Great BHtain 4s 67 Un Pac do 1st 4s 47 Unit Drug 5a 53 Utah LftT 5a 44 Utah P&L 5a 44 471 Util PAL 5 do 5a 59 ww - 8944 doifd 3484-- 1 5 75 7044 130 do pfd 897 Metals and Money 1 4S Ft 8m 50 5s evt 44 Tx ft Pc 5s 80 D 9674 75 1514 177 '104 554 84 167 1014 2944 7544 U 8 Steel 1102 60 53 Cor Tx5s ll 1m U 8ft For Sec U 8 Gvpsm U 8 In A! U 8 Leath do A U 8 Reftlm U 8 Rubber do 1 pfd U 8 8m R 425 161 173 Settlement price at Utah imaltara ai luoted by the American Smelting and Rt tiling company are: Lead 460c a pound copper 890c a pound 111 107 102(4 1 Texark 94 65 85 27 133 20 26 26 75 Un Gao 107 Skellv Oil 4a 51 681 Sou Pac 4s Rl do Ore 77 do So Rv con 5s 94 SWBell Tel 3sB4 Stude 6a evt 45 106'106l Air L vtc Un Alrcf C Unit Biscuit Unit Carb Unit Corp Unit Drug Un Dye pfd Fruit Unit 111 4e io U Sat 378 343 176 77 (4 Rich Oil 6s44Act 8 78 St L 8 F do 4a 50 A St P MAM 5s 431 - 39 39 35 l 78! 4 5a Rand Rem 7 4s R 4s 12 31 17 17 69 13 26 Total issues Mon ' PortGenE PostalTAC 66 M Uu Bag ft P Un Carbide Un Oil Cal Un Pacific 2674 25 74 33(4 3274 129 134 11174 11174 — 60 C 71 Ao Ax Roll B Under-El- Mack Trks 11 M a Phil Elec 4s Pitt ft W Va ftO Tranoamer Tr ft W Airl n Cor do nfd — C— 6371 7071 7074 M— President t t Tim Lorillard P Lou A N z ii: hll I Purcell Boston Rldr Advances Declines Unchanged 4a Pen PAL 4 s 81 Pen RRgen4sRl do 414 a 84 E do 4 a 70 Phil Co 5 67 12 31 27 15 27 36 18 29 21 Swift Symlnkton Tx k Pc Ry Tens Corp Tx Gul Bui Tx Pc L Trl Prol Thomp Tide-WTlm-De- Loew’a L Wll Bis Agency Company 61 42-4- 4 Ora R R ft Nav 4a 46 h R R ft N 4s 61 Otis Steel 6s 41 k W Stduebaker Swift k Co Int 367 31 v L A My B Continental What the Stock Market Did 39-4- 5s 5s — Stone 457 Lima Ijoro Llq Carb Insurance of all kinds Cattle— Strong to 29 higher Hogs— 10-higher top $1L 48-5- groups of the corporate section and obligations of the United States to government rose from Foreign bonds were quiet but steady Weekend reviews were generally cheerful Over the outlook for the market pointing out the lack of disturbing developments in money conditions the press of investment funds for suitable paper and continued participation on a rather large scale by foreign investors Refusal of the supreme court to interfere in the gold clause litigation involving the St Louis southwestern railroad now in reorganization had little effect on the The 5s of 1952 company's bonds at 55 and the refunding yielded 5s lost There were only at 39 a few transactions New issues marketed Included $63545500 of national dairy products $40000000 in New York and $13500000 of Central Power 4s In the foreign group French advanced 3 points and Italian public utility 7s were 1 higher Other Issues showed little change cither way Transfers of $11140000 par value compared with $10529000 last Friday The Associated Press averages ranged from an advance of 1 of a point in rails to a decline of 01 of a point in the foreign group '45 7 Stew-Wa- 5174 48 3074 Kelvlnator Kennecott Kresge ‘S 8 pfd Kress 8 H Krog Groc Lambert Leh Corp Companies larger 45-5- 7 industrial and rail low-pric- primary arrivals Corn— Lower 55-6- supply 4s 16: 17: 115 O k El Oil Cal Oil Ind Oil N J Std Htd Std Std Advances of small fractions to 2 points were quite frequent in the 4s 46 pfd Sperry Corp pfd A Mv St 8td Brando visible decreased 51-5- 2s steady 4s '69 do- - 1574K Johns M — K— Kavser J Continental 46-4- 9 46-4- 8 66 Int Cam 4a 45 Int Paper 5a 47 IT AT cv 30 4 Vis 52 deb 5a 55 ftftj Sou Cal Ed Sou Pacific Sou Rv 64$ Int H El A Int N Can Int Salt T Int T of 3s 2s 2s 5a 5a 10 c 674 187 4274 1474 60 7 0 Int B Mjviv Int Cem Int Harv REPRESENTATION Wheat— Firm 44-4- 6 - 32 27 Hhattuc FO Shell Union 174 v Hll doKk pfd Coal 74 Simmons 74 Snider Pck 8714 8874 ( 29 iS 29 741 47 48 77 7 21 4 2074 2mA 146741147 147 26 4 24 74 2474 - 1 44 4 44 74 44 44 24 69 4 68741 6844 - 1 23115274 1517411514 43 4 34 27 5 101 10 Roeb Hears Servel 20 74 81 1 7 74 53 Safew Stra Ht Jos Lead St L-F pf St L Southw Scheu Distil RO'i 10 16041167 1374 99 74 2574 98 39 V4T 3974 6 674 17 4 17 V 304 74 7 2174 117 os 143 2(4 - Oa-- - IS PRIDE IN 3a 3s NEW YORK April U&—‘ The appearance of three new issues totaling more than $100000000 claimed considerable attention ln the bond market today where prices were generally higher and the undertone Chicago 4s 4s 5s Curb 37 80 74 (5 35 39 33 4 4674 4074 4474 23 7 1374 1374 1774 737 57 35 9(4 40 337 47 4174 44 7 2374 1374 9?3 1 74 111 Cent Ind Ray log Rand Inland 8tl THERE 43-4- 7 41 ’’ New York 13-7- half June shipment to an operator at conelnded Saturday Future were higher on further trade and Cuban buying Final prices were 4 points net higher on May and 1 to 2 higher on r month 12900 ton 8les The close: 2 85b May July 2 81b: Sentember 2 81b November 281b January 26ib March 25Sb h— Bid Refined was unchanged at 5 00 for fine grsnula'ed South Main Ta Improve NEW YORK April 6 (API— Copper-Q- uiet electrolytic spot and future 925$ export 907(4 77(4 950 — Tin Steady epot and near by 4750 future 4700 Iron — Quiet: No 2 f o b eaetem 2050 Buffalo 1950 Alabama 1550 — Lead Steady spot New York 460$ 465: East St Louts 445 KCPftL 4 Vis 61 Zinc— Dull East St Louis spot and fuKan GAE 80 ture 490 Aluminum— 1900 02200 McK ft R ft a 50 Antimony ——Spot 1350 Pac 5a 77 F NEW YORK April 8 ( AP)— FollowInR Mo Quicksilver 7700 Mont 62 5a PW'r la a Hat of Monday’ transaction on the Wolframlte— 1 6 00 New York curb exchange: Nat Dairy 5a48 27 103 103 103 Y N C evt 6 44 58 115(4 115 8T0CKS 115(4 Montreal Silver do rf 5a 2013 217 94 93(4 9344 (Sale ln hundred) MONTREAL April 8 (AP)— Silver 87 2013 A 127 87(4 87 closed Low Cloa ISaleal High 9 35(4 34 eteady unchanged to 10 lower 34 NY:HAH 4 s 67 Nor Am Co 5a 61 14 105 105 10544 sales 1 contract Close Low d High 1 105 NrAmEd 5a 69 C 105 105 45 00 00 4490b April 11044 111 Nor Pao 6s 2047 142 111 bBld 42 110 do 4a 07 109 10944 4874 flrt 380 120 40-4- 3 Itl Cent 4 35 1774 2 74 ‘ -3 14 74 421 35 74 17 74 3914 3 74 39 39 12114 122 53 74 53(4 6874 68 741-- 894 Penn R R Pfeiffer Br 33(4 U 2 21 32 40 123 131 4 -- V 53 4 6 54 21 'A 5 501 4 1011101 NEW YORK April 8 (AP) — Raw sugar wa firm and unchanged today at 375 for soots Shipment ugar were held at from 3 80 to ? 90 ipendtnc i confirmed were 31850 bag of Philippines now loading anil 21000 bag of Cuba for Tailor in 46-5- 6 5a 5s 2 2 Raw Sugar MITCHELL Closs 43-4- 5 44-5- 4 Three New Issues Appear As Curb—Higher mines and in- dustrials favored Foreign exchanges— Even gold currencies rally Cotton — Quiet liquidation trade and foreign buying Sugar— Higher Cuban buying Coffee— Steady foreign buying 4a Chicago Rock Island ft Pacific Railway company reports for the year ended December 31 1935 net loss of $15024425 iter taxes and charges compared with a net loss of $12100891 In 1934 iring - clothes individually ‘tailored by master craftsmen for gentlemen of refinement ments ' 2 3s 3s 3a June 4s Stock Exchange ' C D O Ale Cauad Pac Car A1 Gen K H Wh (Salta In S1000) (Dollars and Thirty-tiscondSis High Low 4 si Treasury 47-5- S L i4-n- i principal amount of its debentures at reducing the amount outstanding to summer yron $161-000- I $10000000 and 5 1I 4' Borden Borg-War- American Intemati&nal corporation an Investment company reports Indicate liquidating value of the common stock as of March 21 at $1407 a share compared with $12 04 a share on December 31 last anfM4 33 a share on March 30 1935 On v -r Consolidated Wagon and Machine provided the principal feature by advancing to a developments HOBOKEN N J April 6 C Taylor chairman of the board of the United States Steel corporation defended salaries received by the corporation's executives at the thirty-fift- h annual stockholders’ meeting today asserting that it was difficult to get ‘‘good men” His comment was in answer to an attack on salaries paid to the corporation’s leading officers launched bv Homer Wakefield a preferred stockholder Wakefield said that Taylor in 1934 received “the princely sum of notwithstanding the fact the preferred shareholders were receiving “2 per cent Instead of the 7 per cent which they were entitled to” Taylor in his address to the stockholders had disclosed that the corporation was operating at the highest level ince 1930 In reply to another question from the floor Taylor said “It is not the immediate intention of the corporation to issue new securities to retire the preferred dividend accumulation We decided we should see farther into the future before deciding on a plan” In discussing the question of officials’ salaries Taylor said “there is a competitive condition in getting ’ - D C Prowit president of Mexican Northern Railway company has been elected a director of Intercontinental Rubber company succeeding the late C A Corliss - wait lj P i Cont Bak Mining issues and unlisted indus trials alike were strong' in Monday's session on the Salt Lake Stock exchange Volume was light however as many traders continued to i Refln Atlas Pow Aub Auto Avlat Corp Barnsdall Mi V 26 Ref Am T A T Am Tnb do R A VV Wks Am Woolen do pf (Compiled by Associated Press) 20 10 10 Rails Induat Util - 1 1 92 7 102 6 101 8 96 6 102 7 101 8 93 0 102 8 102 2 7K 1 03 3 89 5 94 3 104 I 102 b 86 9 102 1 99 3 87 8 102 2 99 8 76 4 92 2 81 5 45 S 40 0 64 6 101 1 98 9 102 9 o" TEN BONDS 24 V 23-- 1 A Mug 4 8 GOVERNMENT BOND 3s new high 3s 121-2 Mammoth rallied to $135 up 5 31 31 at closed cents and $135 strong 2S 25 21 34 I 31 bid Mountain City Copper recov4 Fed Farm Mtg 12 ‘4 127 3s 47 ered to $495 up 5 cents Walker to Dll 14 2 60 5Si 3s 49 V4 24 a 23 4 $225 up 2Vi cents and Tar Baby 3aOwn64 Ln 2194 31 31 31i 84 Homs cents to Cardiff a l'i at 47 upcents quarter 85 85 3s A 52 - 3 sur2 144 144 144 but up opened 31 30 30! 2 O th gain 1 56 56 56 Monri&y Ill 66 rendered 1 168 67 167 Previous day at CORPORATION Lead BONDS Tintic opened ill unchanged 92 92 7 92 4 Month ago Ill (Sale ln J10U0 Year ago 94 94 93 109 ft 60 cents dropping to 58 Kennebec R 1 Bis High Low 1936 high 22 7e 23 21 dost Ill slumped to 20 cents off 4 and Cres1036 low 10 10 2 lio 1 off a quarter 1935 high 61 64 110 7 cent Eagle to j 44 94 94 94 14 4 8 1035 low Alleghany 5s 37 107 0 Eureka Standard sold unchanged Uu 5s 49 34 88T 88(41 88V4 - lb 1928 high 24 24 104 4 28 A 7 ft Horn F 70 East P at Silver cents 76 5s at 1932 low 76Ai 2030j 65( 86 8 108‘ 108 308' A I G Ch 2 114 114 49 1114 Tintic Consolidated at 35 Columbus A Roll M 4 s 45 9712614il25 ll 26 ft Dow-Jone- s Bon2 T A T Moscow 1'4 'b ft at 43 Rexall at 911314113 1131 Averages do col 5 46 6 100 4 109 46 109 4 Furnished nv J a Hogle A Co members anza at a half cent and West Todo 5a 65 New York Stock Exchange) 711344134111344 Anac Cop 4 a 50 ledo at a half cent 311104 (4 1104 1104 U low Close High Arm Del 4s 55 25 98 9744 974 20 Induat 103 07 16118 161 99 up 49 Consolidated Wagon and Mado 39 10 104 4il04 441104 44 20 ails 49 80 49 18 49 35 up 25 A T ft 8 F 4s 95i 47 114 20 Utilities 33 40 32 64 1113(4 114 330G Up 40 chine advanced to $30774 up 774 40 bonds 102 33 up 08 B— cents Utah Power and Light '$7 B ft 0 rfg 5s 0ft 5l 854 do evt 4 60 60! 74( preferred rallied to $61 up 50 cents Nat Lead 1301 301 1301 a 60 4 Beth Stl 1010544 was do pfd Bl 10 139 1 139 139 Sugar preferred Bk Ed 5a 52 E Amalgamated 10 105 Nat P A L 90 11 11 U 6105 in demand at its new high $166 good men" Bklya U Gas 5s 50 Nt R Mx pf b i l sale no under Natl Steel stock for 102' 70 bid with 70 69 Can N Ry 57 9 11144 is of for a "demand It problem' 12 12 Newp Induj 48 13 Utah-Idah- o 116(4 $170 Sugar common men of necessary qualifications and C N 5a 69 Julv N Y Air Br - 1 2 38 37 37 6 10344 1024410314 66 17118(411644 N Y Cent to $382 74 off 5 cents on the limited number of SUch men Cando Pac 230 39 39 U 38 571 93(4 9244 93(4 4s perp slopped 2 N Y Chi A Cen Pac 5s 60 97 (5 07 44 profit-takin- g 1 available” &8 St L pfd I do 1st 4a 49 10844 109 58t 681!i N Y Invest! 1 8i 48 10 0744 67(4 97(4 “There are required” he contin- Certain-tNYNH k Hj 14 4 4 3 123(4 123 gen 4 a 92 4 N Y Bhlpbldj ued "men 'bf great experience tech- CftO 6i 14 N! 1499 CMSPftP 5s 75 79 234 23(4 (4 NYSt $7 pit 10 99 99 7 do adj 5a 2000 7 nical and a 744 degree knowledge high A No Am 1541 10 9V 10 via) " (4 cv 4 a 49 291 14(4 1344 of accuracy of judgment Such men CANW 157- 28 Col O 5a 52 Ap 41103 103 115' 34 are not easy to find They are com- Col G 5a 1961 66103 10244 :"(4 C I Tr 49 11111 111 1 1 4 74 Ohio oil 40i 15 paratively rare and their services CONY 53'l04 1034 45 (4 Oliver Frm a 71 47 4 6 46 71 f 5a 57 are demand” in great 21104(41103(410344 Kiev 28i 32 31741 3174! 4 Via 51 - Mi Otia 1107(41107(4107(4 961 20 “I think you take too narrow a Cont Steel 1971 19741- - (4 - X Otis (A registered national exchange) 6103 (4H034 103 Corp 6a 46 Owen-Il- l 4 159 O) 2 157 1159 in he "The view this said question” — P— V 36 36(4 38(4 36(4 39 matter of compensation is in your DftRG 3874 39 74 i k El 35i 147 DftKGW 5a 55 - (4 Pac 16 19 LISTED 8TOCK8 19 101 53 52741 53 It Pac Ltg w interest and is secondary because 2661 12 Motor 12 U Pack £ 11741 Erie 5a 67 68 160 162 rf 164 79 ' 79(4 78(4 2(4 Paraffine If is l! 14 in their hands and rf 5a 75 88 your capital 78 921 79 78 79 78(4 7844 7 9 74'f If Parado 1Plct ll2! 72889 is commensurate their 29 29 30 compensation 1 If 72 pfd Gen C 47 54 56 1 56 9105 4 105(4 105(4 9741- do 2 pfd 14 with their responsibility” 14 10 G 8 C 2o 87(4 87 49 18 18 87 184 - 4 Park A TU 41 25 25741- 74 to as 6s 4ft 57 Goodrich 58 105 ilU5W Taylor expressed optimism 13105(4 57(4 4 474 Park Utah 55j 6A 66 131104 (41104 141104 (4 60 in G T ft R 5a 57 52l 11 outlook the steel the for Film Pathe 1074 industry 3 Gt N 48 7IE 3 Hit 10102 11014(10144 14 74 1474 Patino Mm the near future 2 2 2 4 7674 77U 5o! Penney J C 34 34 do $6 pf Bonds 2 36 28-1- April 6 ( AP)— FoUowInS high lew and' eloalns price of bonds on the New Yora etock exchange and the total ealee of each bond: Or Bonds Advance New Yort Stocks— Firm !heavy Industry Issues continue advance Bonds— Steady U S govern- ar Monday' 60 15 MOVEMENT IN RECENT YEARS 17 5 8 7 23 9 10 9 1932 low 1929 high 146 9 153 0 184 3 $57 7 51 6 95 3 01 $ 61 8 1927 low 50 55 69 V Markets at a Glance NEW YORK Press) 1936 high J936 low 1935 high 1935 low xNew 1930 high Net Chge 3l - 121 354 Wall Street Briefs 105 147 50 54 do B $3817-00- 1341 143 3 Cont Can Cont Oil D Corn Prod Coty By Associated Press Crm of Wh NEW YORK April 0— Business failures Crown Zell tn the United States totaled 221 for the Crucible fltl week ended April 2 against 194 in the Cu-AHug do pfd previous week and 247 In the like period last year Dun ft Brartstreet reported today Cudahy Pk Curtiss Wr do A George Murane a director of Rockefeller Institute and formerly a vice president of New York Trust company has been elected to the board of Allied Chemical and Dye corporation to fill a vacancy will redeem 13 by Associated 30 15 r 1 Close High Low Poe Alrpl Bohn Alum especially when realizing was In progress It was almost at a standstill around noon when the supreme court began handing down deciBut none of the rulings sions including the adverse one for the S E C affected the general price Net change Monday re Month ago Year ago -- CTOCKSrf (Sales in Hundreds) Blaw-Kno- Market Loafs The market loafed now and then (Compiled - NEW YORK April 6 States Steel led the heavy Industry stocks in another climb today many peaks with reaching new gains of 'fractions to around £ points April 24 the company New York Steel Official Bonds Hold Firm in Defends High Light Trading Executive Pay Mine Issues Consolidated Mines Co Park City Utah Ogden Office— 625 Ecclcs Bldg Ogden Utah NOTICE OP REDEMPTION FEDERAL FARM LOAN BONDS aommanly knavn a FaJtral Land Bank Bond 44 per (COUFON Dated May cent Issue AND MQI8TKID) 1 1922 Due Callable May Mat 1 1941 1 1932 Notice is hereby given ns provided by rules and regulations prescribed by the Farm Credit Administration that the undersigned Federal Land Bank lias called for redemption on May 1 1936 all of its outstanding bonds above described Said bonds are payable at par upon presentation at any Federal Reserve Bank on and after May 1 1936 on which date interest thereon will cease Dated April 7 1934 The Federal Land Bank of Berkeley attest: F S Baldwin Jieietant Secretary Chas Paekeb President |