Show - - 11 o THE SALT LAKE TRIBUNE FRIDAY MORNING 'APRIL 20 1934: le RAILROAD OUTLOOK U S COPPER Markets at a IMPROVES GREATLY SHOWS GAIN Glance 4 - '- Reserve Report LOSS REDUCED BONDS AGAIN EDGE HIGHER WASHINGTON April 111 (AP)—Oombined resources and liabilities ot the twelve federal reserve banks at the elme of business Yesterday were reported tonight by the federal reserve board in thousands of dollars as follows BY ANACONDA Carriers Feel Effect of Prosperity Return hi Red Increased Passenger Freight Traffic Metal Industry Starts to 'Look Up' as Mines Await Code end1Emmoimmiamm By ROGER WBABSON settfr BABSON PARK Fla April 19—Two years ago practically every railroad on this continent was beaded for receivership Today t majority of the leading carriers are staging a comeback A brief discussion Of the new factors and problems facing the indui"try therefore is in order at this time Railroads received a terrible jolt' Carloadings during the depression drePped from' weeklyeverage of le ' 014000 In 1929 to 543000 in 1932 Pas -senger traria had a limiter decline Naturally the roads could make no OGDEN April 19 Los Angeles market 133 Po312 reduction in - their corresponding 131 nothing done early v heavy fixed charges Accordingly in mona peckers on but driveins 1932 only fourteen of the major sys- - quotably stead at NA sows 15500275 temS were able to earn the full interes- Packing 184 Los Angeles mar- LIVESTOCK a narrow Curb Irregular gold stocks weak Foreign exchangerramre curréncies higher: Cotton lower liquidation low cables foreign and southern aeIling Sugar lower increased spot offerings Coffie steady European buy Gold-- Copper Firm Has $6882 Reach Familiar 'New Highs' 115 Net Loss 10 Million Despite Realizing Less Than in 1932 Issues Dip U S RedemptIch fund—P R Notes Other cash Total reserves Redemption fund-I- P R Bank notes Bills discounted— Sec by U governmentslang Other bills Alicounted a ' - f -- v 733509 8228 8389 32104 — WAY& Impressively Declines Prove Minor he transactionswhich — Sheep-Rec- eipts - 4 - two-tent- h rerry 4 11408 324832 — Shares Resist Selling Wilt' Cattle-Mco- lpts I e: Total hills discounted 40413 NEW YORK April 19 Bills bought in open market 13489 U S government securities-- in 19 JOHN A CRONE YORK NEW company Copper Mining (4P)—Bonds By Bonds April NEW YORK April 19 Vit-T4ner al 201803 notes Speella Dispatch to The 'Tribune edged forward again today many is- Its annual report issued today how Treasury Oertificates and bills 811384 curb market registered rather Imi NEW YORIC1April 19—The copper sues marking up the familiar "new a 1933 net lose after all charges of Total U A lovernment securities 24302641 pressively today in the face of heart $6882115 which compares with net Othel murales industry is looking up4 Before th ' 612 highs"- despite the appearance of con- los of week-en- d selling in gold mining stocks and $16893240 in 1932 it expects Wuhingtont Due from foreign hanks profit-takin- g siderable 3130 wealmess of grains in the N Final quotation' A code its It Improvement company's sign Copper price IL notes of other banks P 15905 Ing modvolume The trading expanded business after marked depression in Uncollected Items 493342 among utilities have hardened on this prospect which oils and alcohol alicAao premises 52556 erately transfers totaling $15936000 the first quarter enabled it to Mow Bank more than offsets the higher wages Wheat feverish Wallace arered- - Rev Ins Come stock 139299 showed minor irregularities par value The average for 60 domes- operating income for the year of All demanded in the mine country Other assets SUM dictions bearish advanced issues tic corporate The trading pace was again stepped against an operating loss Total assets Copper 'shares started discounting Corn firm large shipping purora point to 877 another post- $4960746 I 1172449 of $4945295 for 1932 this betterment early this year Long chases LTABILMEA 1931 top 10 R notes In actual circulation Gross sales and earning on a con11022247 before trade talk of "blue eagle" copCattle less active top $800 R bank notes in circulation net 83102i about equaled yesterday's total Traders were a little more cautious solidated basis totaled $72902493 P Deposits— 4 per selling 'at 9 cents a pound or douHogs moderately active top in the to unsettlement Lake Shore Mines dropped 4 I4 due probably 1111291771 bulk reserve account compared with $52295810 in the Member ble the price of the red metal a year $400 offercliovernmant most commodities markets but 0977 Wright Hargreaves Hudson Bay Pio previous year For depreciation and Foreign bank stocks started edging forward t-ert 4585 their bonds and of these only ket 27 Oakland packers 19 about steady ago ings were absorbed without fficulty obsolescence the company charged' Other deposits 191171 neer Gold and Hollinger lost fractions Those liste& on the New --York stock WHAT THE STOCK six were able to maintain dividend mixed good light ateers and heifers to around a point Hiram Walker attr continued t issues Secondary off in $5155572 $4359548 against common add end thefirat odd lots MARKET DM exchange during Mal s 14160426 quarter Total deposits I en0297 dipped a payments Howeverb traffic the more speculative buying involved' Deferred 1932 point while Gulf Oil and lum steers and boilers 83500410 good ad 0788380 to their market valua488075 items adjustment availability common and medium cows 82750300 plus huge operating The rails for a change were a ittle a credit of $ 144382 American paid in Light & Traction cued Lions Capital Thurs 'ed against 82000250i lower grades1171 down ley tion in contrast with a decline of $11- 132183 carriers to get back iatto lots Surplus - I behind Industrie p and utilities the fractionally In the of TC1:15 vealeri AdvanceS $9914440 81500625 Reaerves 625 135749 previ of in months the first three —334 the black by the last quarter of 1933 Thermoid preferred rose 5 3651: Chicago Market more active gainate other the 121221 In d Deco Among 31 The mince balance sheet 124 306 1933 Declines The first three months of 1934 have 610 Chicago packers 1144 Denver market 24133 small transfer ers were some loans of American showed curXent assets of $90296643 All other liabilities Dow Chemical and shorn 862 (Californias) truckload 206 110 "Blue eagle" copper is the metal Unchanged shown further gains Carloadings Iambi AmerFlinkote "A" Chain American Rolling Mill MTh 7 972442 Wednesday lot gained about 2 eachs which included $6576350 or cash Total liabilities of current production since all govhave bees consistently improving and wooled lambs 8750 icer Sugar Refinery American and marketable securities at cost notRatio of total resrtes to 1113 depoeit and PR Electric Bond & Share Standard Oil-o—846 859 ernment purchases must be from presTote issues cent lisbilithis oombined Per April 11 PaIndiana monthly net operating income Is more CHICAGO Swift & Company Chinks Waterworks American Writing of $2717482 with market value of Continsent liability on bills purchased 20000 moderately active barely ent mining operations Demand for than double that of a year ago Comon most for foreign correspondent& 4$09 and V S roil Childs Bethlehem Steel Corporation L were steady with Wedneaday's averse held per The $5895$2110278 company S-electo MO copper continues to expand as 170 bulk better grade classes Bank Condition Stronger steady to firm pany Chile Copper Colorado Indus- 000 in noterof the Inspiration Conre- auto pounds 13450400 en shipper account for 'Weal manufacturers makers --to 800 pounds Gas Consolidated solidated C6pper company against $214395100 trial Columbia This improvement in traffil has nat- bast 210 to 330 pounds 200 Plain frigeraton plants and building con- - Wednesday bank debits 71 13150390111eht lights 13500340 St Anthony Students Imt year 10002100 IGas General Cable Goodyear c Hu& 44515000 of such notes Judd at the trolly strengthened the financial con rinds 52 50 downward most pigs below 'structors are broadening operations Sams day bank titilriBES I89185021 Ison Coal International Thursday packing New Idols of 1932 he IrtIV dition of the Toads The fact that $300 light weights $226 down le TOltit April 4271744-96Same day last yea- r-Demand dull largely $3000320 smooth light Increases bows York Laclede Gas Milwaukee Electric Show Iligh Averagi °blew) Is et Louie railroad inkkei Current usets at the end of 1932 of railroad securities weights occasionally $335 upward rough only 099000000 Plate) had net income of $34113311 In the Service North' amounted-to- - Domestic copper demand in the first $93018362- - of -- which quarter-endegre CI °onto sold -- twthe public last year heavies down to 12N7000 all Morels weighty grades ComAmerican EdisonPhiladelphia to 242000000 cash totaled $6070759 and market- a share on the it per Vint preferred stock against $1028000000 in 1930 shows steers fairly active better grades in best quarter amounted contrasts with net wee of $13411913 ST ANTHONY pany Skelly Oil Studebaker U S able securities at cost of $2461027 This Idaho—An averv how low railroad credit dropped It demand however these pounds - against 135291000 in the In the corresponding three menthe ot 1931 t to 8800 takeit--aat 1750 upward Rubber Union Electric and Western with market value of $942998 largely 'same period of 1933 Foreign demand now appear t that the largest rail account age of grades ths 'University latter price top strictly good and choice of 441000000 Union There wm a large turnover Notes payable at the end of 1933 LIBRAZY BENEFIT HELD of Idaho at Moscow shows that all road maturity in 1934 will be succe- long pounds contrasts with steady but other Iearlinfil weak steers of New York traction bonds at gains were $69898000 compared with $70- - SHELLEY Idaho—A concert spoil Idaho freshmen made an average of bulk lower grade light 365765000 lait year Apparent world ssfully-refunded This is a signifi- and instances as much as 25c under Tuesday of l'to 3 points 500000 at the' close of the previous sored by the Shelley elementary 4105 while those from St Anthony cant 'indicator Likewise an index best long yearlings $776 medium weights demand in the first quarter thus and The majority of U S government year Current liabilities aggregated school for the benefit of the Shelley had an average of 4484 according light otters reached 883000000 pounds as against of prices of 20 leading stocks and an $7115 bulk lower grade Yearlings $6100650 stockers firm scarce securities were somewhat lower and $77580565 against $79731792 a year library fund was held Wednesday to a report released by Superintends Index of 15 bond yields reveal the cow market very slow barely steady bulls 501065000 in the same period last foreign obligations were mixed Ger- earlier be higher tew selected veslers evening in the Shelley stake L D S exit K L Wilson Grades are averaged growing popularity of railroad securi- strong to at 1500700 but bulk dairy- bred year 1 and the steady man government 5 tabernacle The school exhibit of on the buts of mix aa perfect World production however is on ties Since June 1932 railroad stocks lishts yellers about 250 lower at 14600 t 75 as an Announced innovation a telt handiwork and demonstration of art were off 2 The Rev James Millar of the Coll as measured' by this index hags ad- 650 points At the same the increase Apparent output in the Amount Soars to Total of 12000 buyers and sellin installed bed time German Central Agricultural phone will be manual training penmanship and lege of Idaho at Caldwell deliverett every vanced 278 per cent in price and the ers still far apart with eorly indications first three montiia was 551000000 DurBank bonds were up fractionally to room of a new luxury hotel in Lon- sewing will be displayed Friday at an address at the high achool memo wooled $3669000000 459192800 during that average yield of 15 leading railroad around steady good to choice pounds against but lambs held 1910 buyers at upward more tha a point: Nord Railway don the school bly Tuesday afternoon bonds has dropped from 743 per cent early bids period of 1033 talking 260 and more 'lower Week 6 5 held a of and issues ing to 453 per cent gain well below 8140 bulk run includes The statistical various copper of Dutch East Indies France and Peru clipped lambs but practically no Several other new developments loads agencies are unable to divulge bids sheep firm shorn native ewes $3000 were firm The Argentines and Braaffect the railroad outlook First is 350 early top $360 scattered wooled ewes !red metal stocks and production in WASHINGTON 19 (R)— zilians sagged April Railroad Coordinator Eastman's re- downward from $600 detail This situation dates back any ' 19 DENVER April bank reserve balances port-- He advocates 1931 when companies Member eventual al700 calves 100 four loads slaughter to September though not immediate government steers through steady two loads heifers cooperating in such tasks- refused to soared to another all-tihigh of mixed yearlings pounds up $51011515 ownership of the roads The sound- 773 C $4750500 'Leers $5000540 cowl $375 give out figures $3869000000 during the week endst argument for public ownership is down vealers VIA down ' Piecing together figures furnished ed 18 as the change was cal1100 lour singles direct April the opportunity to stop abusive comfour to California steady to strong 180 bY the domestic trade and by foreign 4 culated federal reserve the hesvier petition and to effect huge operating to by butchers $3$010360 today on the condition butchers $3000386 130 producers—given to economies I firmly believe how- 390 170 detailed information would not board in its weekly statement of pounds 83760340 Packing sows that ever that mergers and cooperation to TWIN FALLS Idaho—Eleven offibe published—the writer concludes condition little changed at $2260250 hearts sdown ''' can bring about these desired results to 1200 pigs firm 11500200 cers submitted by a nominating corn-8600 to good that all first quarter output last year The week's an medium ' ' — change represented as satisfactorily under private as un- native tat lambs 1846 native spring lambs' from mittee by the mines and upturn of $109000000 and further appointed and domestic foreign ' der public ownership Moreover the 152601000 asking steady on fed wooled commerce chamber 41 of -' above 8050 talking weak to a shade foreign and domestic scrap aggre- augmented the system'a holdings of last weekjunior government has stated itself as being or li Tuesday night lower shorn ewes steady at 82500275 gated 459192800 pounds "excess" or surplus balances which as follows:were elected S highly in favor of sinking fund operav- ShIPPOU top fed Iambi Wednesday 1110 R Tofflemire presi'' ' ' of this In the first three months are be now to considerestimated ' bons These sinking funds would be packer top $925 liA dent E W McRoberts and Lloyd Re year domestic mines turned out 1113- - ably in excess of the $1600000000 Collier 'OMAHA : April II created out of net earnings to take teas ' S T V Hud9000 000000 pbunds and domestic smelters mark Miele se I6 some core of bonds as they mature While steady to 1001111 spots 64 highershippers ' 47000000 pounds of scrap so Under the federal reserve act son secretary John Soden treasurer If' solve weak good handled '' packer bids( weak packing 4 4 this would prevent the generous rail to ii I 14 Cook Jr J Hodgin and $3350350 that total domestic production was member banks are required to de- Frank choice 180 to 270 dividend policies of boom days it too 5360 some held Funds 370 to 330 183000000 directors for two A a pounds Foreign mines posit with their regions members a Bruce Johnson Pounds $3250345 140 pounds $275 should strengthen rail bonds 1111 terms Arthur J Peavey Jr 7 Decking turned but 355000000 pounds and certain percentage of their net de- year 0331 feeder pigs 11600200 I 31 $300 Claude few sows $2000290 II 'Detweiler and light weights New Development Wellington handled smelters 3300000 for4ign time mand and This perdeposits fed steers and 5300 1 1 r directors A new development favorable to Yearlings slow steads' to 100515o lower pounds making foreign output 388- - centage varies from 13 per cent on Pierce 1 3)31t31 1111 sucToMemire took fed yearlings and light steers off 000000 as ''' charge and the industry is the government's at short world net " -- 3 33 1111'3 demand accounts for pounds central cessor to apparent 111: most heifers glow weak eows steady bulls Robert Warner temporary ' reserve cities and 3 percent on time tempt to regulate unfair highway and around 10e higher vealers strong boots 10c production 551000000 pound's' S a 111 31111(: stockers and feeders scarce' fed March work! copper use of 254- - funds to 7 per tent on net demand chairman and the meeting was then Waterway competition The railroads higher steers and yearlings $5360660 few loads i 111 turned over to discussion of projects 1143 1113aly through government control of their 16100176 odd head $700 no choice lone 00000 pounds was at the highest level and 8 per cent on time accounts for for the coming year In cooperation $4260025 odd heed In several years which should some- "country" rates fares Wages and the like have fedi in run haters member banks The 1 f f- 4 ar i Up to 1100) beet cows mostly 8300t1400 with the senior chamber and other been bound hand and foot Mean- cutter bulls what offset the rise in first quarter amount thus deposited over and civic 0 grades 11761030: medium water a better groups Securing practical too proddction amount while trUcks and barges using feat 12760290 odd head $300 select the above law required by $70041 1150 freely choice fl V World stocks of refined copper at constitutes "excess" ties which railroad taxes help to reeler or surplus supply and placing markers at all 750 Into Twin Falls were points leading lambs opening the Start of this month i'i(1 11006 Am which 'funds maintain have had a free band Now a represent pressure approximated around 26o lower wooled ewes tending 1182000000 as feasible activities k ''' t 1 and waterway carriers will lower: pounds of which 988000- - for business loans since no return proposed burin lambs shorn owu strong ' 'highway 1 be placed under much the same sharing fat lambs decline early sales fed 000 were in North and South Amer-Ic- a is realized on it by the 'depositing ' held beet 1900 lambs to Packers o 0'":World refined copper stocks at Imember Honey ProdueerCWill type of control as the railroads No wooled hove $925 fresh shorn lambs ' i the start of 1933 were generally estiReserve Banks other class of carrier operating tin- averages 8735 some held higher sham up to 8375 good grade wooled ewes mated around 1578000000 Resume Meets der the same regulations can com- owes Monthly pounds The board's statement of condi$400 shearing lambs up to OLIO low lots pete successfully with the railroads native spring Iambi $9000960 tion of the 12 federal reserve banks World Stooks Cut on the "long haul" Thus the railBURLEY KANSAS VITT April 19 Idaho—Honey producers t Supplies of refined copper through- said: slow steady to 3500 roads stand to benefit from these regu"The daily average volume of fed- of Cassia and Minidoka counties have 5e higher than 400ellirect altsratet too out the world—and it must be relations to resume their monthly $360 on 190 ter 260 pounds eral reserve bank credit outstanding decided good end In addition to railroad security hold- chilies 140 to 110 pounds $37541340 160 membered Russia and other countries meetings which have sews Ore rather slow in submitting detailed during the week ended April 18 as 351 Pounds 13300365 to peeking - Ors two been carried on for several years allied groups are feeling de- 371 to 550 pounds 12600300 1934 were reported by the federal reserve the start reports—at of $OO mar3300 calves cidedly encouraged by the recovery banks was $2504000000 a decrease past The first 'will be held April meetly steady some strength on cows 1280000000 pounds of which 1050- l'irst are the equipment makers With ket of $7000000 compared with the pre- 29 at the home of Frank Beach Bursteers end yearlings predominating 000000 were in North and South a 59 per cent decline in gross rail Ilan steers 8750 eteers In runt top ceding week and of $6000000 com- ley when officers of the pounds $6760 America revenues from 1929 through 1933 the good end choice 650 to 000 Producers' association will be 745 heifers good end choice 650 to NO 15 months despite increased pared with the corresponding week Honey Within elected for the ensuing year managements could spend no money Pounds 14750615 cows good 835004100 in 1933 on new equipment Hence orders resters (milk fed) medium to choice 1250 production the expansion of copper "On April 18 total reserve bank Following the election a round 0630 stocker and leedet steers good and demand has been sufficient' to cut for rolling stock dropped to the low- choice table business discussion will be held 81250575 stocks 398000000 credit amounted to $2493000000 During the summer months copper 4500: very little 'done world est levels in many many from last regular years as opening sales native swing lambs Sully pounds which is reason practically unchanged for seen id the following tabulation: enough steads beet $1016 ne MS lambs sold the rise In week an increase of $109000000 in set prograds are earriecL out with shares on listed the lambs copper 25c around lower' spring ow 'bidding balances be- one or two business talks by memgood: 1117610150 me- New York stock exchange 'choice 191001016 In the member bank reserve New dium 17 760170 lambs good and choice an increase of $14- - bers or visitors and a basket lunch New Freight tenger ire pounds down 18050115 common and first three months of 1933 they fell ing offset by E It Budge E is president of LOSamotivet Oars Cm down 17000816 good from $335954959 to $324819210 medium In 000000 in monetary gold steel and he associationBurley jiver's (152241)-1- 151 71-1H$46710 1772 and choiceN pounds x94 to 9$ pounds $8500915 decreases of $60000000 in nonmem032 2 the same this 1150 30 yearling wethers medium rose period to 90 year they to choice ber deposits and other federal reEncouraged by the traffic recov- 110 pounds $$711011211 ewes good and from $720813528 to $726801908 FORM DAIRY CLUB 1-serve accounts and $35000000 in 90 to 150 potinds $4000625 When ery and aided by 9200000000 of 'choice the reading earning reports M'CAMMON based on ewes and withers Idaho—The xeuotations Butterfedwith oun'and P W A loans railroad equipment n MN PIPANCISCO April 19 deposits of copper companies it la well to take treasury cup dairy club wu organized 125 have finally broken the darn all direct good to Into consideration the rising quota- eral reserve banks "The of bills Thursday with L L Larsen leader butchers choice 115 to aystem's holdings on tions silver and over nire- around $390400 with sortouta 50quoted and of which gold cents discounted declined $3000000 of LaVon Larsen assistant leader Ralph teen thousand freight cars were or- Under tots packing sows eligible $2750 course cut copper production costs bills bought in open market $4000- - Raymond president Calvin Romriell dered in February of this year 300 late yesterday steady' with early 10 (Copyright 1934 by Consolidated decline: good 175 to to 000 of United States bonds $25000- - vice president Theron Larsen secreagainst not one locomotive nor freight butchers $3800400' sortouts $3400350 News Features) 000 and of treasury certificates and tary and Ethel Larsen reporter car in February 1933 Them orders few slaughter pigs $350 few local ted truck-In- s 12500375 bills $5000000 while holdings of give some Idea of the potential deno 75 early ipts precticellY United States treasury notes inmand which exists or new and im- sales quotable steady two loads ell classes Commodity available creased $28000000 proved railroad equipment Even if $16 till direct medium the equipment of the average road and good spring lambs 'nominally quoted NNW YORN April 9—Index of II Final Payment staple $7750135 possibly 1110 Weather conditions April 10 1034: ammodity prices (December IL 1931 wire Worn out the economy of using around the week the federal re"During 100 1921 MI411 PORTLAND The strong western high remains crested ayerste equals 3305): April It new rolling stock would warrant Ike active fully steetly Thursday 1334 previOus day 1341 week serve bank made the final payment over eastern Monteath and the Dakotas but the 1311 year aim ILI 1934 high 1404 On Its bleh pressures have overapread most of placing of big orders It is erthnat- good to choice lightweights Mostly $3600 itge their subscriptions to the stock the western and middle states 816 few Temperas3ope325 packing 1034 low 1240 1933 blob 1419 1951 lox of the federal ed that modern locomotives will sows 13000376 feeder pies quotable $$25 U7 19$3 AMA 1034 1932 lop ILL insurance cor- tures are seasonal to slightly' below east pay deposit for themselves within three to hire down Staple Tar Ago Th UTSdal poration The surplus accounts of of the Rockies but they ate well above Stik poundIn the plateau and ?stifle northwest re125 Pelves 40: active $1311 ipts 3114 through savings in fuel costs reserve banks were gions 0431 steers $535 Oocos pound A depression passing off the Atyear' 0545 the federal steady load alone Actually a very large propor- fully 0675 11a tow head Ng pounds $1100 several lots Ride' pound lantic toast has caused light &bowers in with an amount to charged equal 12 04 the central and eastern states mown light steers 81500410 common Rubber pound but fait tion of the rolling stock in we 61107 bushel 7062n such subscriptions at the time the Weather prevails elsewhere today heifers 132603 50 beef caws S3000375 is ready for admiSsion to the Smithme- bushel 3613 4462n subscriptions were made and below cutters and cutters 81600250 Competitive data tot Salt Lake City: peat ' owt 2110 400 dium bulls mut $30003:25 rood upward Temperature Dooms sonian institution! ounce 300 4612 ginning with this week the total Highest today 17 medium to good rosters $0600 1to $400 Steel unto toll 86474 1300 5 () amount to thus Highest in this month slate 1074 is Passengers and Leiser charged surplus 0637 015 100 no choice Lowest last night spring I:RIMPro pound 47 inéluded in the new item "reserves Lowest this month since 1171 041 0337 Big improvements tsi equipment de lembs offered early market quotable it Cotton pound 0745 1175 C D shorn for Mean medium I stock insurance self (F today grade steady sign have been made for the benefit Jambe steady at $100 few yearlines 1500 Wool pound 615 110' etc)" This item as the Normal to imCoffee Of passengers' The 060 1075 caption pound Inches Precipitation light streamlined slaughter ewes $260 Ducar pound 0321 0273 the 21 hours ending at plies also includes self insurance Total for duraluminum train is the railroad's LOS ANGELIS April 19 oNominal I none p m reserves set none aside to care of take quotably steedy 1934 11 answer to the airplane's bid for pasbi (Copyright for this month to date 14 N Meal 350 steady medium to losses which may not be covered by Total Accumulated deficiency for this month senger traffic Tremendous improve- good fed steers 16440100 good Texas to date 104 'other as cowa insurance as $285 reserves well to common 1400 medium cows ments are also being made In parlor 0375 cutter mince Oct 1 to date bulls 51100276: grades for possible losses on bills and se- Total Accumulated deficiency sines Oct 1 401 ears and coaches These Innovations 83000325 few 50: ipts Sun TIM at I:41 and tete as 713 APtil which have curities been heretofore down $IMI at steads ulsters 20 Nat plus substantial passenger fare cuts pieta NEW TORC April19 (AP)—Poreign 200 Nring lambs Just inclIded in"all other liabilities" are helping the railroads to offset suc- arrives unsold ttirm: Great Britain In dollars OBSERVATION in the amount of reserve WEATNElt TERDAT AT k011111010111111 "Changes cents: 0 P M10 in others 311( cessfully automobile and bus compe Great Britain demand 11414i eableg bank credit outstanding and in reMateb net operating income of the New 1114 Utica The placing of further orders Pork bills was de611 Prance railroad Louis jilt Chicago items lated and the week the mand:112 during 9 1 I cables I63 for improved equipment only awaits 17501111 comPared with $144416 a year Italy demand Li 151 cables 151 year ended April 18 1934 were as additional strength in the finances of ago Demands: ' follows: Station rg Fit the carriers That means 'that vu- IllOuld remain in force for another Belgium 2345 GernlanY $955 Rolland millions of dollars): 1791 Norway 2511 Sweden 2157 Den(In sengerawill receive far better serv- year 1 mark 2301 tinland 321 Apr IL Switseriand ice at more reasonable rates In the The Aprna Apr11 1933 470 Greece Bills discounted Spain that the Imme- 7411 Poland abovcmeans 40 s 2 s 1174 1900 411 ? hod few years than eter before diate Outlook for the railroad' and 13 a 4 a 195 bought Austris liEbla liungarY plus U IL govt teourities 2430 s 2 'CM Railroad workers 'comprise the allied 102 Argentina 3421n other Be- 1174n Rumania is encouraging industries reserve ere& 21 44 ratreV" bank Noise 0 2 1 al 70n Toky0 3060 Shanghai Rake other group who are happy over the Icauss of the be 54 so 10 600 ticly Mexico CitY Total ?ISMS bank °rot:M 2401 a 1 X 2 Cheyenne possibility of the crea- 341214 Hontkong 3112 14 x3720 ghtesco 44 sold 84 46 Labor is by fat the steel Tlee Monteary 1 14 recovery T 2795: (silver in bilontreal Raw pow) Tork 010 tion of sinking funds and the threat 11037 and 50 38 Treasury 00 natio:AI Denver New York IA ilontreal Ft 0141 9126 gest item of railrdad expense In of eventual ' bank manner 44 10 00 !I cid I 414 Od ownership of the 1933 forty-si- x cents out of every rail- roads I am public Member bank reserve bal10 12 10 00 Clear Helena not so optimistic on the ance so 30 21510 $602 sloe LI Kansas Oar 58 Clear road dollar went for wages Because ' 58 so term outlook for the railroad 32 Treasurtoss4'ep" deposits Lander Cl(17 Wall the brotherhoods would accept only a long with P It banks —3204 s SA Om L Angeles 418 88' 74 Clear Railroad stocks are ckholder ' Nonmemter devoetts and 42 42 le le 10 percent pay cut during the depresItInneasi Clfir T ? SOUND and 4 other Is IL Arms 400 Ieo 1 1111 tAndens 00 Cleat nothing to put n the baby's bank le 14 ' Br Alsociated Press sion managements were forced to but-ar—Inorsime 001 Clear a—Doc:eau Needles 0 02 90 oyee PROGRESS near for the YORK e mirw 10 April 00' New York 50 cut down on labor costs by laying Old: bond- swards for pubilo works predicts bring 41 freight Deriders :s0431r4I10y 64 Omaha Thu s week's total of 011111110tring construe-no- n 34"ii off hundreds of track walkers office passengers Postmaster 00101114r 90 84 Phoenix holders and equipment makers may to $3242a000 the second largest vol Acting S 00'Pt rocatelle employes repair men and so on Now rest assured that the railroad Indus- um of tho year says Engineering News 88 Si 52 00 011111 Portland the- - trend Is reversed and railroad Record Public awards are $30061000 38 84 has temporatilytaken a new the years lama 0 W A work has not AppOintmentsMade Pueblo 0o1Claar try SO 44 82 Reno 001Ciear employment- is on the mend The leasi on life been included la the publication' figures 62 Louie— 82 St Is 001Clear rolls today shovi on increase of about Business Si estimated 101 WASHINGTON April 19 '(—The Salt Lake 7 41 76 WCIeat bythe Bab- Directors of the Louisville Me 50000 workers over last year I can scmchart 60 62 S 001Cit Iv an- San Dirge still 23 per cent be- railroad reelected officers atis aWashy postoffic though today department meeting 50 66 San Fran 1)(001tat II ' tell railroad workers frankly that low normal is now 34 hers 8 War cent above MEMBER- - FEDERAL DEPOSIT INSURANCE CORPORATION : nounced appointment of the follow- Seattle 76 00!Clear per f50 there will now be no further pay s 80 48 SPOkalli 00!Clear ing year ago postmasters: acting National Power to and 72 70 Light company 52 00'Clest tut and that more railroad men will I Idaho—Caldwell C B Bales Par- TOMMIth day declared a dividend ol 30 cents on the at 70 54 011Pt cldj WashInetn go baek to work every day How- (Copyright 1934 Publishers Finan common stock payable Juno 1 to holdings ma Frank 11 Chapman OS 44 84 Winnemue 04)!Olear of T A record May Shan IA SO 84 payment was 10 001ciosr ver- - the present 10 per Yellowstne cent cut eial Bureau) Vtah—Lehi A Carlos &how made throe months ass 14 93 94 1 Yums 000Iear of 111111 II I II I '4 A the-vas- 1 NEW YORK' Irregular market resists grain weakness Bonds firm U S governments Stocb U B ISSUES SELL LOWER— Lams on hand and due 4 478819 Umtata Gold crtificates from -- CUR — 2 f Clearings Earnings Hydro-ElecItri- Cattle-Rec- eipts BANK per psas (atP)--T- BALCES HIT NEW PEAK - 3-- 8 Sheep-Rece- ipts o 8 e °stets Junior C of ' ly Names Officers Hogs-Rec- eipts a - - Sheep-Rec- eipts newly-organize- d 1 o ttleinA)--Rogs-- ts t' N(:7 I ' li:lililli Cattle-Rec- eipts 4) '' one-yea- ill - ' : i7 : IT :irlfr' Sheep-Reee- irde 0 14 ti - '':-4- — (IIRDA)-IlogsRe- ceipts s - 1 ' picnics- -business r 1 Cattle-Rec- eipts Mini-Cassi- a ft I rustees :11:3)::: Sheets-Rec- eipts I or-de- true soldier subordinates his very life to the good of his country 4-- 13A) s-Receipts ' Twenty-locomotiv- should subordinate its interests its profits to the faithful handling of wills and other trusts placed in its care: So a bank t Index fattle-Rece- The Weather Shireil-Rec- eiPte t light-ligh- ts II 1 - Glans-Rece- rr t” HheeP-Recl- iPta This bank is ever mindful of this The principle of trusteeship services of our Trust Department are available to anyone ' (AP)-(US- DA) e-Receipts fettle-Rece- t ipts Foreign Exchange - Calves-Rece- 9 I I( - THE CONTINENTAL NATIONAL BANK AND TRUST COMPANY ' Csecho-Slosak- ia e Satt 1 ' -- tret Briefs - 4 3 e term-empl- a - 40 04 r e I I V - (AP)-Lart- :' I - I P :- I : A ' 1 ' - : - - - - -'-- - ''-- -- - - I - I ---- - City' |