Show THE SALT LAKE TRIBUNE SUNDAY MORNING — LOW DEMAND COTS PRICE OF 1 r Markets at a CURB CLOSE Glance IRREGULAR ir s JANUARY 14 1934 Hirm-ri- a-rTT p fc STORES CONFIDENT IN SPRING TRADING PER CENT i COPPER ZINC NEW YORK Stocks irregular steel issues prove Lead Continues Steady on Anticipated Need for Two Months doNEW YORK Jan 13 (iP-mestic consuming demand for copper was reflected by a decline to B cents per pound for electrolytic this week Recent easiness of lead and sine had a sympathetic Influence as well as a decline in export copper prices Foreign buyers had previously been purchasing sufficient metal to aid in sustaining the domestic price basis Hesitancy here was attributed partly to conflicting views Of various producing 'divisions over provisions in proposed copper codes Zinc experienced a further mod erate decline owing to unsettlement in the ore situation While some filling in demand developed at the lower basis buyers were cautious despite a belief that galvanizers are in need of metal In a reported effort to obtain mine curtailment as a result of recent active operations and ' increasing stocks ore prices were reduced sharply last week Lead ruled steady with a moderately active demand for January and Poor L Buyers Increase Budgets in Anticipation of ' v15 Per Cent Rise in Retail Sales im- Trading Quiet Increasing Somewhat in Final Hours of Session Bonds irregular U S governments firm Curb irregular trading dull Foreign exchanges steady dollar moves narrowly Cotton higher trade and spot house buying higher cables commission Sugar higher house buying Coffee higher firmer spot mar- -J- Pre-East- P0 - NEW YORK— With 90 curb market ended the week with mild Irregularity In prices today Trading was quiet but increased somewhat in the final trading as the list stiffened 60 slightly Utilities and oils finished with mixed results) Metals were neglected A few inactive industrials moved 70 higher among them Safety Car Heating and Pepperell Manufacturing up around three each Losses of almost similar extent were shown by Commonwealth Edison and Consolidated Gas of Baltimore 60 Hiram Walker Humble Oil Amer1930 1929 ican Gas & Electric Electric Bond & Share and Aluminum Company of The above chert shows the changing America ended unchanged to a bit 1923 to 1933 inclusive higher but Gulf Oil and Distillers Corporation-Seagrams yielded slightly Transfers 131000 approximated shares compared with 89000 for last Saturday NEW YORK Jan er the arrival here of many buyers rep- uting stores all over the country spring buying operations will gain marked headway here this week The view is stead- - 13 W--The run some 15 per cent ahead of the same period In 1933 and this confidence is reflected in correspondingly increased buying budgets for the new season The sharp gains In local and retail trade last week ordinarily a period of postholiday quiet were considered a harbinger of larger sale (increases In the months diWHAT1 THE STOCK rectly ahead MARKET DID The majority of the ahowlngs of accessories and homo furnishings for spring will occur during the next two or three weeks Last 1931 1932 1933 4 Rpfined Stocks Reduced week the number of buyera here for coet of an average market basket of groceries In Salt Lake staple goods for Immediate delivery Over 250 Million Lbs exceeded expectations Most store rep- " resentatives interested in 'style ap- -' in America pajel lines have timed their arrival for this and next week leading to the expectatiqn that the peak of Initial The United States copper Industry spring buying of this merchandise will be reached earlier than for aev-erin 1933 had Its first full year of tariff years past dein decades several and protection Believe Recovery Well on Way By DR DILWORTII WALKER redomestic low spite consumption Aawclate Professor of Economics at the University of Utah A canvass of views and buying ' NORTH SALT LAKE Jan 13 (0SDAI-Ca- ttle duced refined stocks in producers’ February requirements —Receipts for the week showed a total Tin remained made during the week by tha 1929 In food seems trend plans and Lake in sinoe Salt more hands downward in about of 1C30 head as compared with laat week' this country by than quiet The Cotton good — Reports from New England City prices New York Times showed that retailsteady here despite activity and total of 1688 Prices 230000- 000 pounds this week were shout markets Indicated a gain In cloth burins cost marabout of a a If bottom to the have reached year ago typical week last comparable to that reported In Comparisons of Business that the quality of the strength of London Interest was cen- steady considering This was accomplished through ers almost without exception are conDemand which was were not as good as last week's other section ket basket of groceries be used as a measuring stick food prices de- drastic restriction tered on reports from abroad of plans offerings over a wide variety of atyles Medium and good grass steers supply in mine production vinced that trade recovery is well marked Improvement evr preceding Produce for formation of a "buffer” pool to and helfru ranged In price from $3350 showed on the way With Inventories well clined 38 per cent from the summer of 1929 to the spring of 1932 Since and cooperation In the industry Activity weeke 810 375 Coloradoa load of 1 Including pound was that it acquire 5 per cent of the 1929 stand- at the lower price A few lots of plain Rice— Deslera report that cheaper grades Index has risen approximately 10 per cent the Industry at present is suf- depleted tha consensus the But then ard production- Restricted demand driveln steers rated at J2 500315 Three have been largelv eliminated promising a now appears safe to expand buying Optimism In from stocks still the $3 4 00 50 cows J large of fering loads Colorado n the accompanying 0 brought chart larger movementin the better gradee Tradboth from here was attributed to reduced tin with a few at J176 freight standpoint of ot producers and fabrica- budgets demand astha the paid to coast ing la expanding and price are firm well as freedom cows were mostly of low cutter to the composite index of food tors hands consumer plate mill operations now estimated Local stfwn Sugar— Tile melt of 13 United States re These 1050000000 total common in mark-dowpounds quality and ranged week of January toprice from finer for the NEW YORK — The traditionally between 40 and 45 per cent the capacity 11 000 200 ” No good bulls were amonr the taled 20000 long first prices in Salt Lake City by quarters World stocks ot refined at the end of from which tons with 40000 A slight gain in steel plagued retail trade dur-offerings In this class but odd head In the like 1033 period compared Deliveries amounted hopeful business sentiment which acoperations re- week’s 1933 the The five last data 1280000000 around years during wej-to 40000 tone against a Ilka amount pounds ing the long period In which commodflected miscellaneous bookings and cuttera —ceJied aat 1150 start Hogs After strong early In the ago companies each turn of a new year was gatheped and compiled by the as foreign stocks of "refined copper ity prices were crumbling- - -- replenishment of mill stocks Struc- week prices showed a slight reduction be- year Olase— of at Early registration buyeri rests upon a stronger factual basis this The best driveln tural awards also increased but de- low last week's market It was noteworthy that confidence class in business statistics at the Uni- are about 230000000 pounds Foreign annual showing of (lass and pottery on the week’s late sale went at the stocks were reduced in 1933 about in Pittsburgh says the American Glass Re- year than at any time since 1928 This mand in general was small The trade butchers in improved aales was shared equally' (3 4041 1 50 Mixed kinds were rated around view arof The Utah In “were their elnce following versity volume continued to look to business from 33 100340 A part load of 210 Pound Colo- - tn Doom yeare and greatest pounds by department store specialty shop the climbing attend- is confirmed by a comparison of prerado butchers msde S3 60 The week's range ance ticles of food were used to make up Domestic production was about railroads and automobile manufac- on and chain merchandising executives figures were backed up by increase in jpacklnc sows was J3OO0376 with business of levels salca" basket activity the hypothetical market vailing tures as the determining factors for Sheep—Receipts of sheep md lambs pounds in 1933 or about 38 The large chains have already backed showed a moderate lneTeasa'tnd 0417 head Men's clothing— Production of men’ suits those of a year ago which contrast Contents of market basket qt gro per cent of first quartec- - operations Scrap con- came peak Mine out- up their optimism over spring prosa week ago of wool declined sharply In November but In as compared ceries: tinued firm Pig iron was week's sales consisted of local feeder the output of cotton mohair and linen sharply with similar comparisons in was 440000000 pounds or about pects by advance purchases of mil- ' put Called Standard quiet and Tlie were sold at S500 about steady suite presumably for southern wear roar' the palft five which lambs 3 pounds round steak 22 per cent ot capacity Foreign mine lions of dollars’ worth of staple and years say the Standard Solitary prices unchanged with lest week These averaged around 67 sharply according to statistics complied 3 pounds bacon Statistics company of New York in a ‘Q-ud- e Antimony remained quiet by the department ot commerce was 1270000000 pounds Do- semistaple merchandise pounds Classic output but 1 quart milk OGDEN bulletin which continue In part: Jan 13 (USDA)— Cattle and Prices Stable mestic mine production decreased uncalves— The week's activities were centered 1 pound butter ‘The encouraging vista that exists til it was around 32000000 poundj a Immediate buying will center large- Economic mostly cn the Ogden Livestock show but Theory’ 1 pound lard at the beginning of the new year has market receipts were approximately the month at the year-enor 16 per cent ly on and home fursame as last week with 2823 heed as com1 dozen eggs every prospect of being translated info of capacity while foreign production nishings buyers said although pracpared wl(h 3896 a week ago prices were 1 loaf bread 13 (API— Hobart NEW YORK volJan business occasional to with moderately expanding strong generally steady MONTEVIDEO (ff)— Mexico Peru increased throughout the year Con- tically all retail departments are bepresident of the American Water umes Po?tmater General admlnli-rt- spots slightly higher Tie best lull load Porter rtf!? i)ytouchinI during the next two or three and other silver countries of the 1 peck potatoes tots was a load of Works and Electric company announced the Rooeevelt a of steers brought J465 sumption abroad in 1933 was about ing budgeted on the basia of an imtr(SK4 3 some furIn a statement least was months at that today registration 1047 although 000 A of monetary cabbage load pounds Utahs program pound pound i 400000- 000 pounds or about 70 per proved to be filed with the federal ther spring turnover Suits Two lbads of good preparation Idahoa made 8440 1 dozen oranges active occur lines Americas several MlLth2IK!d P?Jlcr of th in cooperaanticipate may Sag commission covering a 81300001)1 cent of that advocated by Utah heifers went at J3850425 The trade £ILH0UId peak World con- dresses with the new detailed treat1 can corn Issue of cent 6 this bonds month trust collateral of per of next medium States United in load lots bulk of load and part tion frdm the Inflationist whMflr Jhat ' The proposed conversion privilege sumption was about 2170000000 ment at elbow and normal shoulder 1 can peas for the and good steers and heifers mostly grass-er- a with ‘‘Supported by the president’s gen- summer’s issue will be offered it Is understood In Present movement of commercial brought “83 2504 00 with occasional lots firm c!od pounds or slightly over 50 per cent and the “windswept" silhouette - In' 1 can tomatoes priced coland 5 constructive of for ofIssue the cent message by per common erally exchange s finish corn kinds dairy type up to J450 Tha ready-tocoats are outstanding ye8triT ti I? UP Vj?eoats of in Santiago in their effort conference 4 to Vi advanced and ferings peak 3 the the ranged down to J250 and under-Th- lateral bonds which mature April 1 next that founds prolegislative sugar probability wear price trend is stable with the — provisions unchanged to a decline of 3 cents bulk of bulls brought $2 000 375 and a Previously published reports elated erto find some ‘‘symmetalistic’’ gold end In 1 be Peak will October coffee lseue new Scrap expeditiousthe Output that gram through put roneously pound proposed few medium vealers made J3 60® 400 price lines to which retailers bought to replace the gold The Hogs — Tht market started out A little would carry a 6 per cent interest rate LEADNfl FUTURES ly and with a minimum of friction silver standard prices were taken from the adDomestic production from scrap last spring again available although Jan 13 (API— better than last week's general range but standard to in1 should be business Lake TribThe vertisements Salt plan Wheat— permitted was 230000000 pounds during the garments of comparable quality will Directors of Interstate Hosiery Mills have Low - Close 1st sales wer s tittle below the late close Omp Their- hopes have been augmented une of a number of MS 86 I 87V i 86' S 87 of a week ago Three dollars and fifty cents declared a dividend of 82-- a share on the for Its near term needs in confidence representative lo- year ‘reaching a peak of 33000000 be 10 to 40 per cent higher than thex““ 83 at and 86 recent Julj at the 84 85’ took most of the best drlvelns on the week's capital stock 50for 1934 payable quarterly by‘ pronouncements to was cal merchants Care token safety Sent cents ehare In 1933 the 86 Vi 87' late sessions mixed kinds moved at S3 10 the rate of 86 pounds for October when scrap out- were tor )ut season 87 conference here by SpruiUe 'avoid loss leaders or Corn-“On the whole prices should ad®3 40 and the bulk of packing sows -at oomprny paid 80 cents and In 1932 65 cent! specials so the put and mine production were about This rl& carried over Into retail was paid 52 The 1034 dividend comes out vance United the 53 for J3 60 down Braden 51 52 spokesman durif be would moderately Irregularly compara- equal Abroad scrap return smelted 54 Vi July 54 53' Sheep— Receipt of sheep and lambs for of last year's earnings 54' sub- price quotations prices is recognized by retailers as 55 Sept 55 the week totaled 10653 head as compared ble 54 ing the winter while retail trade vol- States on economic and monetary 55 k into copper accounted for slightly a major factor benefiting the Oats— with 32011 up to Friday of last week Local jects steadumes the will reflect probably Price Changing Period ST" May lamb through the truck division ranted over 100000000 pounds of the blister 37 ‘38 for piece goods said 36' 34' Practically" American he “The republics” reear-lIn scale of 75 Julr Bales the $5 In set 36 from 5006 government ily increasing 30 price J “have found that we cannot remain The five-yeall store executives are planning on — 35 division were limited to 2 loads of Utah 35 period covered In the copper output for 1933 abroad Sept 35 35 lief and public works projects ewes weighed off ears at J 250 buyer paying Domestic shipments of copper into heavy gains In their piece goods see- -' — q has been one of the most vio a gold basis and live” on survey Mar 60 further “Whether 82 uninterrupted Bingham 81 freight from origin 60'i It Utah Metal and Tunnel 450 tons Bing gains can be made as spring apJur Sits 63’ a Cl Declaring that the gold standard lent and disturbing price changing consumption were fairly constant dur- tlons Orders for 63 LOS ANGELES Jan 13 fAP— USDA)— ham Barley— Metals 60 tons Utah Delaware 500 we have had for ing the first four months of 1933 at was added will have to be placed - v 100 — Receipts for week to steady Hogs Mar will 53 53 tons: United States Smelting Refining and proaches howeter hinge on the never prevented depression he called experiences that Even 53 locafs-an53 83 600435 fed strenz grain colaround 40000000 pounds a month early because of the earlier date of the price Julr t company ability of private enterprise to follow it a “crude but classic economic the many decades 53 Cattle — Receipts 6000 steers steadr to 25 Mining 6760 tona Utah Copper Lard— cars lower other classes steady medium to good dally average of 120 the lead of government planning of ory” and ascribed all depressions to lapse after the World war was not Then they began to rise as apprehen- Easter on April 1 and because menu- Januarr 14657i600 485 steers grass and fed yearlings Mar 525 535 Park City 533 labor to pursue moderate policies and the unworkableness of the monetary so baffling nor so persisted as the sion regarding inflation Increased un- fracturers operating under the code- -' 523 steers 84100475: medium fod heifers Julr J07 6C7 Silver King Coalition 1042 tons Park of 665 666 84760560 good cows 83600415 common steady downward trek from 1929 til they reached a peak of 134000000 hour restrictions will- require a r’ Bellies— government credit to stand the system 360 tons Consolidated City 8150 cutter to medium 8276fi350 grades “We may” he said in two addresses through all of 1930 1931 1932 and pounds in July dropping at the end of longer time for delivery Needs well Januarr— No aales strain of accruing expenditures” 0260 bulls 83000400 Mar the the year back almost to the average into March will be covered by many before the economic committee of the part of 1933 Until the advent-oTin tie 835 Calves— Receipts 1000 50c to 8100 higher Tlntlc Standard 20 cars Eureka Lilly vealers 86 00® 800 calves 84000600 conference “come to bimetalism or “new deal” finally stemmed the tide for the first four months CASH QUOTATIONS 1700 lambs 60 to 75 7 cars: Chief Consolidated 1 car Plutus i Receipts Sheep— And just as the downward trend in A survey made during 1933 of the buyers Jn- 13 afe”rCAGO' No higher medium to good Utahs 87000735 cars Mammoth 32 cars of dump and mine symmetalism” In the home furbishing field the ore Utah Fire Clay 1 car of silica sorted a food prices was steep and long so the amount of refined copper and would such that Corn— No policy Denying 3 mixed 49®49e: No copper expectation is that trade will bene- - ( SOUTH SAN rKANCISCO Jan 1J (AP— last No 3 rellow 50i ftSoV-- t a that be trend rather but managebegan upward So11’rellow spring inflationary in fabricated goods in the hands of fit by a huge wave ot replacement NEW YORK COFFEE USDA'— Hogs— No report it?49049c No 3 white ment of currency controlled by price appears to be climbing back at about both Cattle— No receipts For five days 1425 NEW YORK and fabricators buying of many items the purchase Jan 13 (API— Oof fee wte No- - 2 producers white' Mc0ra' N0' 2 Ttil0W in- the same rate of Incline compared week ago: all classes about ateady higher today on buying by foreign InterIn fact to the Indices both definitely prevent showed toward end of 1933 a total of of which was deferred throughout 2 white 37V 038c No 3 white four ioada medium and low good 016 to 987 ests and locals Selling was for trade and in recovered the has the index deflation steers flation he and fed short past and price expressed pound supplementary No 4 white 33iic 1700000- 000 pounds These are the the house account believed largely I6037c The end ot the prac- ¥ bulk 860 commission 8550 top few cars 85350540 Rye— No 3 60c g personal opinion that after restora- four1 quarters exactly what was lost visible and the Invisible stocks of the tice depression to 1070 pound medium 84500525 common of doubling up of families in Barler—48080c 3 to 6 points higher and Santos opened months twelve of level tion of the the 1251 in lord price commodity preceding to medium 83250426 pound 12 to IS higher Timothy seed— S6OO0S35 cwt soles 23000 bags Industry apartments will of itself give a tresteers 8535 bulk 1115 to 1252 pound me- closed 1928 and the price structure balance period Clover seed— 1100001325 per opened 5 to 0 points higher and closed per cwt few yearling feeders 0Noto7 13 dium J476051O mendous start to consumer buying Lard — 35 S7 Future 13000 on Code sales Closing bogs higher: to included Depends take commodities will the The different administration 8375 steps heifers 84 00 medium S475 mixed of MANILA (UP)— Distributors Bellies— S637 Santos — March 0 50c May quotations: pounds 070c 1926 0426 fairly good range cows 1050 the inflation basket What in the for market Dethe in has 90c future groceries store for beyond American textiles in the Philippines prevent September 1024c down 8360 medium 827603 25 fleshy cember July 1035c No 7 — March 6 99c May KANSAS CITT level however did not react alike during the copper Industry here therefore KANSAS CITY Jan 13 (API— Wheat— dairy type 8350 0 275 cutters 81500 225 716c July 732c September 746c Deoem are at the point of conceding the local down bulls 8350 125 81000 low to cutters said be will de Then the he it of price ready deflationary period depends largely upon whether a code Receipt 29 cars unchanged to market to Japan 325 higher Calves— Receipts mostly direct bar 760c Rio coffee firm: santoj 4s 10 8N3c strong to higher few vealers 86 00 choice 7s Spot Advancing prices in the United “stabilize not on the gold standard cline Some commodities were more with operating provisions is adopted Cost and ffrelzht offers Included May GOtic July to4 9o medium 8750: to 150 around to dollar value of and uncertain force economic quoted than sensitive pound But it is also necessary that copper varying Dm—Receipt States under the NRA coupled with to good 270 to ill pound calves 86000650 Bourbon 3s ail'd 5s at 060c to 1003c No 3 higher the low exchange rate on the yen but on a sound dollar of unchanging others The demand for certain fobds industry take in 1934 a first step toweightier $4600 475 mixed 45cV Mtiy 3650 to' five No for debt days inelastic value in and receipts be very 40 Sheep— c paying proved causing ward rational coping with the real 1335 most 170 to 325 pounds $315330 purchasing have resulted in a situation wherein W' compared week ago lambs active 6115 to 26 9265 down 4 Oati— violent price fluctuations when the difficulty that faces it a to power” to 88 sows higher bulk medium! to choct gross potenCattle— Receipts 200 calves 30 for week the present tariffs are insufficient I white Receipts 17038c latter $7 of wooled 400760 top: United Braden’s fed The varied in pound cotton the American explanations slightly steer better and pnly supply tial yearRye— 57058c goods grade light weight protect the for overproduction few next good to choice 78 to 89 pound fed fall lings 156 26c higher short feds and strong NfeW YORK— Retail trade In most Barley— 43047c $6600675: weight steers uneven steadr to 25c lower Philippines from Japanese competi- States monetary policies augmented prices of other commodities were in- years Without cooperation among the clipped $6:750700 fed clipped the suggestion by Secretary of State fluenced more by changes in' pur- various choice under 110 pound wooled yearlings heifers sections of the United States has extion to and mixed steady yearlings MINNEAPOLIS producers prices for copper ceeded all quoted above $625 ewes above $300 The first Hull to nations that chasing power hence were affected can be MINNEAPOLIS strong cows 2550c higher lower grades Jan 13 Chinese the Furthermore boycott to Jan 13 (AF— U8DA1— Hogs up most vealers and calves steady Stockexpected 62 cara prevail that will week of theexpectations No 1 north- - — PORTLAND new year found store week ago 25 to ers and feeders uneven steady to 25c lower of Japanese goods which pretty ef- each could undertake a program of more by conditions of unemployment not No r J 53 Vi 0 89 14c No higher Compared 1 dark northern receipts 86 permit any of the various prog 40 higher like that of than by variations in supply 366$ closing top light weight butch- week’s tops yearlings seeking postX?2uC w0- - 1 dark hard Montana 86 fectively kept Japanese cotton im- commodity ducers to show much profit for the filled with customersmost ers $466 opening sales around $435 heav- lone yearlings 36 50 1 amber durum weights 04 merchants the United States hastening the time two 69e4vj some down apfor below: holiday bargains but years beeves 75 to and ports 3$ 3500 mixed 3 downward yearier $400 1 two Inelastlo next weights No Demand or Potato so red durum years Mceilesi sales because have slaughter pigs lings $625 vealers 9600 light stockers parently Is breaking Sinoe most re- when all might be ready to discuss deferred special light lights- 8375 0450 May 83c: July 83c l0’83c around 83760385 Corn— No 3 yellow 45'®4Cc packing sows $3000 3500 Potatoes for example is a type of The copper mines of the United of the depletion of stocks and pending for tailers in the Philippines are Chinese stabilization 335 smooth sorts to $350 extreme weights Bheep — Receipts 600 ‘450 through Oats— No 3 white 33 6 34 74c States have a producing capacity ex- the Iamb3 around ?5r down to 8275 feeder pigs most $3250 335 wee!: commodity the demand for which is higher sheep this is an important factor filling of heavy restocking orders Earley— 38oi 70c Cattle — No receipts for 5 days 2000 steady to strong week's top fed wooled Rve— No 2 60W62Hc affected very little by price hence ceeding 2000000000 pounds a year The interpretation of this situation is to are last to the have legislaly Washington they turning Attempts week 00 330 38 ego: lambs last late Calves— since Flax— No 1 J1B20186 compared highst August Receipts 1928 in 1929 and inelastic be Only to said has is domestic the demand that there is a large volume of unEwect clover seed— 430003 25 mostly 25 higher bulk fed steers 8476® bulk 3750fi765 closing top natives 3773 ture enact further tariff protection in their search for relief 560: few $575 top $585 plainer kinds shorn lambs mostlr I600fr6 50 fall shorn were fruitless eat about the same consumption of the metal approached satisfied consuming power in the One of the distributors Most of the because persons principal partly most ewes 83750450’ 50 few 3685 up to 3375: heifers mostly doan to $3 upward to ' LIVERPOOL Texas feeding lambs jam attending consideration of the cabled his head office and said if re- amount of potatoes whether they are this figure As might be expected country lots down to 8275 and below beef sales 3300360 LIVERPOOL Jan IS (AP)— Spot wheat' plain cows 0 375: top $385 low cutters and 3666 Western Australia 4a 7'd Rosafe Hare Hawes - Cutting independence lief were not forthcoming from some relatively cheap or expensive Even consumption is large only when busi4s 6d cutters $275 Jobbing and wholesale business is 81500250 bulls mostly 82360275 Close March 47c May DENVER Jan 13 (U6DA)— Cattle— Re- act 68c quarter soon the local market would slight variations In supply are accom- ness is booming and our facilities ap- proceeding at a good pace as a result 323 vealers few medium $4000500 $300 0 700 600 week calves ago compared ceipts 9c exchange 1566 choice to 650 in good $560® With efforts of American cotton definitely be lost to American cotton panied by wide fluctuations price pear to be less than our requirements of the sustained retail buying and best steers steadr light weights 34104 Bheep— No reoelpta for 5 days 1600 com- 875 heavier kind down to 3490gf540 CANADIAN GRAIN local- - goods the heavy volume of sales for the last in order to bring the market into Then large installations of pared week ago steady to strong bulk heifers 15&25c lower top 9540 others goods distributors having failed WINNIPEG wooled Jan 13 (API— Wheat— lambs $6500700 choice The price therefore cows strong to 25c higher top machinery get under way to- five or six weeks Light industries equilibrium Low Clone §ood grades down to 8500 aged classes 9350523 High cutters bulk 3335 9225ft300 must be reduced much more than the gether with heavy building construc- in (turn are busy with seasonal and 67 I 67 I 68 scarce aged wetheri $300 0350 slaughter bulls strong to 25c higher bulk 9125200 S225ft276 July 6974 owes 1 500 200 68's usual amount when the supply Is tion and extension of power and tele- spring Orders and are preparing for vealers' lower top 9750 few Cash wheat— No 1 northern 65 IS (UBDA— Hogs— Re- late above60cft$100 OMAHA Jan No 2 in3600 stocker and feeder classes northern 62' No I northern 59 5006 active early larger than normal to get consumers phone systems Between these peaks summer and fall lines in many moderately ceipts best steers 9450 bulk steadr to Oats— No 2 white 35 No 3 white 33 to take all in demand is butcher dosing slow trade ateady to 10c 93 60&450 strong stances to enough be planned extravagant being Budgeting consumption drops back lower good to choiae 180 to 260 pounds Hogs — Receipts 1500 four singles direct that is offered for sale Conversely to between 50 per cent and 70 per on a sharply Increased scale as com83100320 top 8325 lor about one load six to California two to Teaxs steadr to is less than normal cent of the last weights few 260 to 225 pounds 5c lower top 3330 on one Tot 245 pounds the when supply peak lind stays there pared with recent years S285tf310 150 to 180 pounds S265h310 bulk 180 to 230 pounds $3 156 325 odd The heavy industries remained bebutchprices must go very high before peo- for six to seven years two loads choice around sows few 3225 slaughter packing pigs NEW YORK Jrn IS (API— Per ahare ers without bid hind the procession but are planning will economize enough in the use packing sows $240 to 3240 ple earnings of corporations reporting during mostly 8250 average cost 8320 weight To illustrate 8heep — Receipts 1200 one load through: for substantial gains in the near fu- the past week with comparisons with the 230 pounds shippers bought 10000 SAN BERNARDINO Col (UP)— ityhas been maintained at Rand ard of such commodities fat lambs steadr to 10c two loads 10 cents per previous year Included tne following: ture The steel industry expects a were Cattle — Receipts 200 compared week ago good to choice Colorados higher 40 miles only 69 pounds 3735 afTrona potatoes away v CaliforYear ended Dee 31 r 1933 1932 good and choice yearlings 250 40c higher freight paid one load 3775 load common Shadow towns in what Was So strongly has this initial rejuvelarge volume of orders from railroads bag in January 1929' but were R J Reynolds Co to 16c J336 good to choice weighty steers weakweak J2ll ewes 3200 for week fat nia's range to lambs 10ft 16c largest silver producing county nation been manifest that the San 19 cents by October of the same year 31 automobile and construction indusLindsay Light medium grade all weights g lj lower higher spots up more 11 months ended Nov SO 25o lower good and choice heifere needy ' wethers range and feeding are reawakening tries later in the quarter Some mills Bernardino chamber of commerce is due to a slight variation in the supWestern Union Telegraph 4 02 nil common and medium gradee 16025c lower lambs ' 15ft 25csteadr wooled fed higher top have stepped up activity for stock Pittsburgh tc Lake Erie R R 263 138 cowa ateady to 15c higher lower gradee lambs 36 00 freight for the improvement of ply Two years later they were back are Winkle negotiating Van 3750ft Like bulk they paid Rip Year ended Oct 31 vealers showing the upturn bulls strong 790 paid bulk Idahos $7 35ft 7 60: the highway from Kramer to Rands-bur- g to 12 cents and by October 1933 they production in advance of the predictLee Rubber and Tire Stocker 55 weak to 50c lower: and feeders few freight 100 two loads 3765 shorn throwing off the dull and tattered ed buying and sentiment remains 16 65 x steady bulks for week fed steers and year- (dahos 1590: native lambs Bat Corn of America A portion of the highway from were up to 15 cents again in spite of 3650fr7$0' Nine months ended Sept 30 The average dividend rate on 600 otimistic in other heavy industries lings $4 500600 choice numerous steers yearling wethers 36 00 down others 33 00 shroud of their past magnillcence Adelanto on the edge of the Mojuve the'downward trend of other prices 85 nil Atlas Tack loads frl50 fat ewes 13 00ft 3 75 latter freight 1220 pounds $600 $575 r common stocks increased in DecemRoose- desert to Kramer already is near com31 choice 1016 pounds Standard Oil of Kansas The price of hams on yearlings $6100 6 50 5 25: paid feeding lambs $640ft675 shearing moving again under President few loads $335 xPreferred xNot available $675 heifers $400 0 lambs $6 67 velt's new silver coinage rpogram It is anticipated that these hand dropped from 32 cents per ber from $110 to $U1 per share as fore did not have much effect on the pletion cutter grades 81750 250: medium bulls CHICAGO Jell 13 IDAHO POTATOES 8265 0 2 85: pracilrsl top vealers $530 odd pound in July 1939 to 9 cents by Jan- compared with an increase from $106 total amount of dividend payments Hastily built structures fallen into will in some measure fill the and feeder steers Receipts 10000 Stockers $600 IDAHO FALLS Jan- 13 (API— USDA)— head Average yields did not change gap opened only in No- uary 1933— showing the effect of re- to $110 in November £ccording to than Friday's average full ateady vlth decay since silver prices ebbed are loads several83 $460® yearlings 250450 the monthly compilation prepared by much in December according to Shipp'd point Information for Friday close bulk 160 to 300 pound 83 2 5 0 340 feelipg the blows of the hammer A vember when the Atcheson Topeka duced purchasing power of consumcalves 3375®500 Upper valley— Carloads fob cash track 485 stock 180 few to to 200 loade pounds upward Bheep— Receipts none compared week old prospectors who clung to Sc Santa Fe railway obtained permis- ers on the price of a commodity the Moody's Investors Service While De- Moody’s For 200 common stocks tha to dealers: Russets U S No a few gales yearlings seed 83 (0 top plain Uglue ar pigs In unde- few An occasional extra fine car ago lambs 15®25c higher 9501100 cember increase were fairly numer- weighted average yield was 38 per 25c higher closing pendable demand: most pgs below 82 50 these remnants of glory like a cap- sion to abandon its branch line be- demand for which is relatively elastic A few sheep and feeders fully higher 0 S No 3 mostly 82 1500 sows 8350 375 shippers $7500 packing The prices of most of the groceries ous they were confined to smaller or cent on December 31 compared with tain to a sinking vessel are feeling tween Kramer and Johannesburg 80 An occasional car as high as 85 Bulk bulks follow sorted native lambs 1000: average cost Friday holdovers 8331 65: week's lambs wooled $776®7 fed 775 outwelght cash to growers: Bcarbely 333 pounda per cent a month ago The state's largest silver producer included in the market basket were medium sized companies and thcre-3the enthusiasm of hardy newcomers lambs J625 0 66O weight — Some top $6 00: fed clipped to establab a general market Cattle Receipts 600 compered week ago' fed yearlings good and choice 8500Q650 a new heyday for many years was the Kelley mine affected similarly by changes in purwho envisage points Inactive 35 35 to medium and steers ewes weight weighty $2500375 top choice Twin Snow at a few points good and For the records of The town then chasing power Already being refurbished are the at Red Mountain 85: good and choice feeding lambs 8626 lower yearling and light steers mostly 35s Loadings liberal mostlr previous sales De- 83 higher with l'ght heifer and mixed Cali- known as Osdick was a bustling cen- production during this period do not mand and trading light Growers holding ®725i Deshy lambs up to $750 35 to SO higher: all cows un- Zenda mines at Calico and the unevenly KANSAS CITY Jan 13 (USDA1— Hogs— evenly for higher priees Msrket rather unsettled cutters moetlv 25 to 50 up fornia Rand at Red Mountain for- ter populated by men who made and show any infreases sufficient to warInsufficient trading reported to creato a Receipts 700 400 directs: receipts mostly fat cowshigher bulls 25 to 35 strong to 35 known as the Kelley mine — spent money in staggering sums — a rant such drastic price declines over direct few sales steady to 5c lower top up and vealers mostly higher definite general market 8 (00 higher extreme merly top light and long yearlings $700 heifer romantic names to those who saw for- desert metropolis boasting a whole such a long period yearlings 8650 outstanding 1246 pound It was steers 86 30 1370 pojnd 86 00: 1390 pound tunes gleaming white issue from the row of automobile agencies a' usual sight in those days to see $5 90: 1454 pound $745 but most weighty smelters of the desert Class A Common Stock bullocks $4250525: several loads 157s tc Vast stores ot silver have lain un- “hard rock” miners carrying their 11700 pound 83 60 0 375 strong weight of on the seas cow a sold up to 83 00: weighty sausage touched beneath the ground for years drills to the “diggin's” Dividend Notice DISTRIBUTORSHIP AVAILABLE bulls as high es 8375 mostly 13 400 3 65 because of its low market value But new sedans vealers up to 87 00 mostly 85000 6 50 The proposition involves: A nationally advertised proven product Board of the of Director of Rayon Industries Cor- J a meeting 2000 Sheep— Cl ecclpts compared week almost immediately upon the jump ATporation ot wide appeal a lucrative repeat business a definite sales plan of held January 13 1934 quarterly dividend of 2 'ago: fat lambs little chanted aged aheep in price to 64 cents an ounce the an exclusive franchise an adequate territory Our best distributor 25 to 35 h'gher and feeding lambs 23 to declared being on tho bast of 10 annually par value i$10O was 50 up earn In five figures but they are executive and real salesmen not week's top 88 40 closing extreme entire district seemed to rise shake A stock is entitled before the Claes’ B stock parClass the $8 30 week's bulk good end choice native afraid to male calls themeclves and financially able to build up its povahle Febniary f 1P34 to stockholders of record at th ticipates land fed western lambs 177308 40 clipper itself and brush the cobwebs from A protected investment of arbund Mies organizations of thtlr ownt e of business January 22 1934 lambs $56007 00 top £710 largely fall reA 1300 will cover a minimum etoefc sufficient to begin business d e 86 75 upwe-best yetrlines jiborns For serve working capital of $1000 or more Is advantageous RAYON INDUSTRIES CORPORATION 'US?' $2'50fflVwni4k's°topCVoVVhoi?tii' Invite cle-- k in charge J Ihe aid Red Mountain have dwindled to land Atolia reached i'i dgirinn addres President Box 1216 Norfolk Va George Donovan Secretary 4 ii ottrr-ngiambs a mere handful of inhabitants tbouzhthe World war by means of its division The appointment heinn ill dim semblance of mining vliv- tungsten mine ket CHICAGO Wheat higher Farley’s address bullish Corn firm rallied with wheat Cattle nominally steady Hogs steady to 10c lower top $350 Livestock Quotations SURVEY GIVES HELPS TO CUT n DOWN SURPLUS ready-to-we- Downward Movement Here Seems to Have Reached Bottom About a Year Ago al HOPEFUL VISTA Trade Trends - Silver Nations profit-consumin- g e Expect U S Aid In Ousting Gold 1928-192- 9 wlth-403- 9 Ready-to-We- Chicago Grain ' Wall Street Briefs d ready-to-we- 1- Pa 1928-192- 9 - 1928-192- e rnS-ViS- ? - fx n Mar VS out-loo- Ore Shipments' ar ready-to-we- 85-t- f - DsmmES at— tl'! 4v LOSING FIGHT profit-takin- US Retail Trade In 1934 Exceeds All Expectations -- is M 4 price-raisin- d ‘ copper-consumin- g ‘ Roosevelt’s Silver Order Revives Mining Towns Earnings Common Stock Dividend (Rate rear-lin- Shows Increase the-othe- - 1 : auffl-e'e- 9 o(fer-lng- Rayon Industries Corporation eut-it- lo-- la hht' IJjS”' A - & - |