Salt Lake Tribune | 1937-03-12 | Page 23

— THE SALT LAKE TRIBUNE FRIDAY Report Shows Noted Economist Secs Futiire For Youth in Canada or South Reserve Gain Of 70 Million I tn Chicago Grain March 11 (AP)— Nearly 2 cents setback of Chicago wheat prices Thursday went hand tn hand wtih a lull in buying demand that followed Wednesimmense European purchase! day's Cables said navigation would soon open on the Danube and release substatnial Moreover Liverpool quantities of wheat reported that tender of wheat Thursd 01 March contracts thera wera larger than Wcdncauay and that the Liverpool market was affected by profitdakUig operations of holders On the other hand rallies at times were promoted owing pries to indications of Ar-entitle wheat surplus scarcity by Juna 1 here were also Illinois and Missouri re Hifts of crop damage from freeiing thaw lug and soli heaving together with Kansas advices of urgent need of moisture both surface and subsoil At the close Chicago wheat futures were cents under Wednesday’s finish 4i May $1 37 Mi ® 1 37(4 : July $1 20 1 2044 com September $1184 (a I lfcU unchanged to 1c lower May $1 09H 105 July $10414(0 oats 4 ® Ac off May September 474c ft 47T4c and c down rye unchanged to May $1 08H In provisions the outcome was unchanged to 20 cents decliue CHICAGO BABSON PARK Fla March 11 are that much less Third there —“I am a young man starting out is plehty of che&p power Fourth for myself want to go to a sec —and very Significant— south tion which The comgrowing What part is not yet union-riddof America do you think has the bination of these advantages makes WASHINGTON March ‘11 UP— greatest future?” This is a ques the southland a magnet for northern The federal reserve hoard estimated tion which I am often asked Of business men and their industries f An Upward Spiral Thursday excess bank reserves to course the answer depends largely The parent factories may not yet taled $1380000000 on March 10 an upon the character health and edu of the particular young man be moving but new branch plants Increase of $70000000 for the week cation the asking question However for are mushrooming up everywhere in The rise’ In the supply of Idle an average young jnan here is my the south The geographical spreadfunds available for credit expansion answer: Try the south or Canada ing out of factories as protection 99c was traceable partly to a $31000000 South Long Handicapped against labor troubles and as a react is Readers all know the history of sult of the Robinson-Patma- n drop in money in circulation bringMeat With the giving Dixie a real boom to the banks of the south pretty well ing a back-floof below packing food products metals pastates the deending slavery this amount and a $30000000 an per chemicals and expanding Cash Quotations cline in treasury deposits with 'fed- the Mason and Dixon line had to list of industries are "moving in" develop CHICAGO completely new economy Maivh eral reserve banks (APi — Cmh wheat on the entire south in -- No 2 hard (1 4 2 It Workers the' needed the all (Indiana grade) that help They When the treasury withdraws i —No Corn 3 mixed No 3 yel134 $1 businesses provide additional low 4 No $1 134® 1 154: funds from reserve banks they are north could give them Yet the re- these yellow for other prodconsumer No 3 white $1104 No markets with south construction the period disbursed into business and trade 4$lllytil13 white $1 134 ft 1 14 in ucts and more turn factories northern dominated racketeers No 1 No Oats— by 4 white white 524c channels and thus flow into the Induscommercial banking system to final- is a blot on the history of the na spring up Moreover new Rve — No 1 $1 18 (Indiana grade) inare fostered For tries d being The of actions tion K?c Feed re73® Barley— nominally malt ly bring an increase in excess 3 nominal! southern pine Ing ft 1 00 the Republican party c iringthe stance serves new Timothy60 seed $5 25ft 5 i50 cwt iman as has were great potentialities instrumental 415 3 25 crop $5 period 16 postwar The reserve board effected a Clover seed $28 00® 35 00 cwt of newsprint source future "solid in portant the repolitically molding per cent increase in deposit serve requirements March 1 and Democratic south” These same The south of course is not a Range of Leading Futures a similar incrase will go into ef- “reconstruction” policies also held Utopia It haa its troubles The High back the industrialization of the summer heat problem may be Wheat—Open fect May 1 new south for a generation With solved in part by Freeze Funds 22 22 I l1 20 which But there are atill soil erosion farm July the Industrial 1 209 Sept When the higher requirements are the north alreadyorganization had built on this tenancy and other handicaps to Corn— fully effective they are expected to handicap seemed destined to keep overcome Tenancy is probably the Mav new 1 09 4 1 in ‘freeze" about $1500000000 of idle the south old 1 08 4 1 08 e a rural section worst feature of southern life today primarily were The increases bank funds farmers are un Julynew 1 054 1 05 4 Something happened in the north Earnings of tenant 1 03 k ordered to prevent a possibly injuri- early As a rule this is old 1 03 in this century however believably low 994 904 ous credit expansion busi not due to exploitation of the land Sept its real the south which Oats — gave The statement today recorded a ness start That “something'’ was owner but rather to the prevailing Mav 48 48M$ 44 Julv 44 4 $41000000 increase in gold holdings the birth of the labor movement system of agriculture which cannot Sept 421 4214 10 — beans Soy cotton during the week ended March be union’s successful attacks first supported by present The Mav peak were directed at the shoe and tex- prices At 10 cents a pound the Julv lifting stocks to a new of $11484000000 Rye — of net southern the annual income domof tile industries A few years 1 094 1 094 May The board’s statement said: 1 03 V and New England shoe fac- tenant farmer is Ipss than $250 1034 ination 06 0614 “Durihg the week ended March tories and textile mills began mi Furthermore land owners do not Sept 10 member bank reserve balances west and south— partly to fare much better grating Lard— increased by $89000000 Additions out of the clutches of organized Mch Diversification Great Need to member bank reserves arose from get 13 10 13 10 May be closer to the to and labor The this south realizes that probpartly 3 3 32 Julv 13 25 increases of $41000000 in gold stock sources of raw materials As late 13 55 be solved It Is my ob- Sept 13 50 must lem and $2000000 in treasury currency as 1919 52 Bellies — per cent of the nation’s servation after spending nearly 20 May and decreases of $31000000 in cotton spindles-werNew in cor- July Engin south the that the winters money in circulation $30000000 in land and onty 42 per cent in the rect remedy has been found— ditreasury deposits with federal re south Today the south has 59 per versified Kansas City agriculture and industry serve ’banks and $41000000 in non- cent KANSAS CITY March 11 AP)- - Wheat 38 per I feel that the administration’s pol— Receipts 54 cars Jc higher to lc lower member deposits and other federal cent and New England only icy of helping tenants to buy their No 2 dark hard $1 424 No ' reserve accounts offset in part by 2 hard nominally $1 35V4 ®1 43V What Census Shows farms while spectacular is only No No 3 $1 40 No 2 red nominally $138 an increase of $52000000 in treas42 No 3 nominally $1 30 ® 140 This southward migration has superficial A program of diversi- ®1Close: ury cash and a decrease of $3000000 ® 129 $1 28 May in reserve bank credit Excess re- been brought sharply into focus by fied industry and agriculture— in- tl ISA : September $1 14 Vi Com- serves of member banks on March the recently announced census to- cluding crop rotation livestock and higher 5 10 were estimated to be approxi- - tals for Figures Show poultry raising and vegetable gar- 1 25 4 No 3 nominally $1 122 ft 1 24 No But 2 yellow nominally $124 (a 254 No 3 mately $1380000000 an increase of that the south is today leading all dening— is the basic solution No 2 mixed nominally $122® In- sections of the country in growth this requires patience and educa- $1234 123: No 3 nominally $1 20 ft1 1 224 $70000000 during the week e New May $113 July $109 $4 Close: — fact character and active gold Included in the gold of population the rate of increase tion In 1 094 the only sound bases for Oats — Receipts 1 car Ve lowerlo 4c stock and in treasury cash amount- being almost doublethe national No 2 white nominally 52®544c The government can higher The first ten states and any reform ed to $253000000 on March 10 an average No 3 nominally 50®53c Milo maize ndminallv $2 08® 217 increase of $41000000 for the week” their percentage increase in popu- be of the greatest help to the south Kafir nominally $2 08® 2 17 through Rve lation are: by encouraging farmers Balance Changes nominally $109 119 per cent Virginia educational methods to abandon Florida nominally 81(&91c Barley No 1 hard and dark hard wheat 10 to Changes in member bank reserve 103 Kentucky 102 Nevada 99 their historic p in system cents over May No 2 154 balances and related items during Tennessee 94 New hard 64 to 134 cents o Hampshire 92 favor of a general program to 134 cents over: No 2 red the week and the year ended March Arkansas 91 Missouri wheat 114 The south's advantages however 91 North 94 to 12 cents ovter No 2 white corn 11 10 1937 were reported in millions 8 per far outweigh these economic ills I to 12 cents over No 2 yellow corn 11 to south for Total 90 Carolina of doilais as follows: 12 cents over No 2 mixed com 9 to 94 believe that down here below cents over Mar 10 Mar 3 Mar 11 cent total for nation 48 per cent firmly 1937 1936 of the above are the Mason and Dixon line lie the 1937 seven that Note ft - 2 Rills discounted southern states Furthermore the great new markets of tomorrow I 3 Bills bought Liverpool U 8 government seMarch 11 share of industrial income going to am convinced that the shift of inLIVERPOOL (AP)— Spot 2430 curities con- wheat — No 2 Manltiba 10a 74d new in direction will this shown a states consistent has these e c dustry s Industrial advan 9s l4d: Danublan 8s lid Ausnot Including 19 9s 10a gain each year right through the tinue The winter climate and the tralian million commit-meat- s Futures closed steadv: March $1314 here northern will from trailer bring March id 7 depression Mav $i3374 July $1354 exchange Other iesere bank Now what are the reasons for this cities millions of people who are $488 -- T - 1 10 credit polis by that First reserve being parasitic Total bank growth? - 3 - 19 spectacular costs 2454 credit Winnipeg in Dixie are lower iticians ai)d labor racketeers An1314 production 41 Gold stock 11484 WINNIPEG March 11 (AP)— Wheat — in 2 34 than 2537 any other area Factories other section which has vast future Treasury currency Low Close High Member bank reserve Business in May 20 to 30 per cent cheaper possibilities is Canada $1 3314 $1 31&4 $1 324 6749 963 can be built balances 1 284 1 29 13044 July at is -- 31 dominion or the north the' in in than down circulation 6376 536 practically today there Money 1 18 1 204 1 18 October 52 2672 154 west Treasury cash wheat— No 1 northern $1384 peak— and Canada is Cash Plumbing and heating econ- an Treasury deposits with 2 northern $1304 No 3 northern -- 30 - 205 omies alone are tremendous Sec- just getting under way! Hence I No fed reserve banks 186 $1 264 Monmember deposits Oats— No 2 white 56 4 c No 3 white ond there is an ample supply of say to the young man starting out and other federal mixed 644c -- 41 reserve accounts 492 119 labor at low prices Southern wages for himself today: “Go south or go 54c Decrease Increase Be a 10 20 man cent to those north under be pioneer can young per in the north because living costs somewhere!” 1 en w 50i short-sighte- 1 all-ti- rley-M- ay e V 1930-193- V tram-ingar- ft? ill one-cro- Ro-sa- tax-ridd- all-ti- -- Produce Market BALT LAKE CIT1 Reserve Report Livestock Markets BUTTER $ 38 Vi First grade butter lb 38 Second grade butter lb NORTH SALT LAKE March 11 U8DA 39 V4 Sweet cream butter lb — Hogs — Receipts 1451: includes 116 for (Parchment wrapped Me less) 254 direct and 1081 through market EGGS $9 90 mixed weights down Large white henneries dot steady 90 topextreme lights down to $8 25 Medium white henneries doz CHEESE packing - sows $700® 8 25 282 includes 17 for CattleReceipts cream Full 19M triplets lb market 157 through and 108 direct no 20 Full cream longhorns lb sold early odd lots heifers $6 50 sandwich loaf lb Full cream 20M steers few lots good cows $575 odd lots cutter 21M to Triplets western cured lb common cows $3 00® 4 00: few lots 22 Longhorns western cured lb vealers $9 00 with common kinds $600 Daisies Wisconsin cured lb 234 7 50 ® 24 Longhorns Wisconsin cured lb Sheep— Receipts none no sales NEW’ YORK OGDEN March 11 March 11 (AP) — Live Hogs— $9 90 on limited poultry— By freight steady to firm fowls Receipts 400 steady top colored 21 ® 22c: leghorns 18c other supply choice drivelns mixed kinds $900 50 8 By express lr ®9 65 few sows' $7 50® freight prices unchanged 23c crosses 20® Cattle— Receipts 550 early sales steady regular broilers rocksfowls colored 20 medium and good drivein cows $500® 23c reds unquoted cutter grades and common $325® 22c other express prices unchanged 550 classes WedDressed poultry — Steady to firm ah 450 nothing done on other Utah car extra good white-face- d fresh and frozen prices unchanged nesday Butter — Receipts 8496 firmer cream heifers 788 pounds $750 top for season — Receipts 2600: lot good trucked extra extra thaii higher Sheep eijr score $875: one out $775 35c firsts 88-9- scores 334 In lambs to feeder Wednesday $860 few 354o seconds 84-8- 7 score 314® 33c few weighty kinds centralized 90 score 34 4 c lots slaughter ewes $400® 4 60 — Hog Cheese— Receipts 110853 ifirm and un1 March 11 OMAHA Changed — 4000 mostly 10® 15c higher 15685 firm special topReceipts to all interests: bulk gooil and Eggs — Receipts 00 $10 standards 244® choice 190-32- 5 packs 254®26Mc: lbO pounds $9 85 1000 140-1625c storage packed firsts 24 244c d lights $9 40 ® 9 85 firsts 23 0 23 4 c mediums 224® 23c $8 75® 940 slaughter und w weights dirties Nq 1 2t V4 22tc average checks 7 00®8t5: lighter weights and medlura white eggs resale of premium offerings & 825 sows $935® 950 21(fr214c $650 n y midwest-ernear-band marks 284®294c ags $950 down ex 264 ®274c premium marks rather slow Cattle — Receipts 2500 2525V4c exchange quality plain steers and yearlings generally change specials mediums ndards 24c: fancy including Kinds drag-gto common medium but steady 24 4 ® 25 Ac exchange mepremiums scattered sales 25c under week's high dlums 23®234c Pacific coast jumbo and time sprinkling choice to prime firm heif 3 coast Pacific 6c spepremiums 304 steady cows steady spots higher on Pacific coast stand- ers cials 28429Ac cutter to common bulls strong to 25c high ards 27 44 ®284c Pacific coast mediums er calves and vealers strong load prime extra 26 brown eggs ®264c: fancy 254 1243-poun- d long fed steers $1475 few 4r 2c: other browns unchanged: duck eggs loads and lots medium $1000 weights extra large fancy 40®42c other near-b— y HUU medium to good fotvwiuuu me- large fancy 28® 38c dium to good heifers $8 00® 8 75 few to 9 50 odd prime $1175: common and maCHICAGO March 11 (AP) — Live poultry lum cows $5 00 ® 6 25 : few good to choice —Receipts 27 trucks steady prices Un $0 50® 8 00 cutters largely $3 50 ft 500 bulls $5 50® 610 few $625: odd changed medium Butter— Receipts 8084 Jlrra creamery beef kinds to $650 odd select vealers specials 93 score 354 90-9- 96c scores 50 $9 score 35c extra firsts 344 lambs slow 4500 Receipts Sheep— scores 33® 34c early bids steady asking stronger ewes firsts 88-8(h 3444 c centralized carlots 3444c firm-- no ltftndardf90 here early bids fed feeders — extra 12879: firm Eggs Receipts wooled lambs $1150®1185: some held firsts local 22 44C oars 23V£et fresh graded above $1200 fed ewes bid $725 firsts local 224c cars 23c current reCattle DENVER March 11 ceipts 214c storage packedc extras 244c calves 200 heifers firsts 24 4 storage packed Receipts 1000 Potatoes — Receipts 85 on track 301 steady to strong $9 25 others $800 -other-elass7 U 94 steers ft total hold stock dull 875 $875 steady shipments weaker undertone supplies moderate de- 11 00 cows $5 00 ft- 6 50 : cutters $300 mand slow Sacked per cwt : Idaho Rus- - 4 75 bulls $4 50®575 top vealers 1 toekcr-n- d So set Bnrpaflhs Ur feedes steers $0:66 few fine quality large S3 553 75: U 8 740 2 $2 65 2 80 1500 10 15c higher No Washington Russet Burbanks U 8 commercial 8310: Colo- sows strong to shade higher pigs and rado Red McClures U S No 1 very few underweights steady 180-30- 0 pounds $9 JJ5 160-18sales $300® 315 pounds 140-160 $85n ®9 50: pounds LOS ANGELES March 11 (UP)— Butter pounds slaughter pigs $675®750 good ' Sggs and cheese r sowr— $900 ® 935 6200 trucked lambs Butter — Extras 364c prime firsts 85c Sheep— Receipts steady $1125 down Standards 34c undergrade 32c KANSAS CITY March 11 APUSDA)- Eggs and western cheese— Unchanged Hors— Receipts 1000: fairly active strong LOS ANGELES to 10c higher than Wednesday's average March 31 (AP)—1 dure Exchange receipts: Butter —34 000 top $1010 good to choice 200-30- 0 pounds cases 110 00®10 10: 170-19- 0 600 pounds efegs pounds $965ft 000140-16pounds $IT859B0 sows $9 10® 950 stock pigs scarce Cattle— Receipts 1800 calves 500 fed steers and yearlings fairly active steady Treasury Report WASHINGTON March 11 (AP)— Th to strong spots 10®15c higher quality somewhat other killing classes improved position of (he treasuiy on March 9: scarce fully steadv Stockers Receipts $15111467 81 expenditures comparatively and feeders firm three loads good 1161 balance 84: $1593073 $21691062 steers und fed $11 50 four loads around 425 52 customs receipts for the month Colorado $11 25 beet light$17375786 16 tight steers $11 00: bulk short feds Receipts for the fiscal year (since July from 894 selling upward 541366 90 expenditures $8 75 short load mixed 1) $2 72 — including $1 987698- - earlings $9 00 butcher heifers $5 25 00 butcher cows $5 00® 0 50 good to 85902 of emergenoy expenditures excess choice vealers $750 (ft 9 00 few $9 50 of expenditures (2114 390936 82:-- gross an increase of debt $ 469775145690 Sheep— Receipts 3000 lambs generally $5 656095 over the previous day gold strong to 15c higher spots 8? mom sheep 7 most sales' assets $11477193330 80 Including strong top fed Iambs $11 $11 65Til 85 fall shorn $1000 odd lots of inactive gold Slaughter ewes $7 00 NEW YORK March 11 (AP)— A public CHICAGO March 11 Hop offering of 77380 shares of Allied Kid Receipts 13 000 generally strong to 10c Company was made todav by a syndicate hlpher than Wednesday's average light headed by Jackson A Curtis The stock lights and pigs up more in Instances a portion of the new 300 000 shares of salable supply pigs comparatively amall eommon was offered at $18 a Hacking sows sharing advance top S10 25: (5 par The share aver- company makes kid leather bulk good and choice "'inrihwniRd'Tirnspmirpoiei inanii bikf 150-19- 0 rorm 90'130quarters At Boston pounds $950®1010 36360 WASHINGTON March 11 (AP) — Com resources and liabilities of the twelve federal reserve banks at he close of business Wednesday were reported Thursday night by the federal reserve board in thousands of dollars as follows: ASSETS Gold certificates on hand and due 8846 407 from U 8 treasury — F R notes 11198 Redemption-funr 263025 Other cash 9120630 Total reserves Bills discounted: Secured by U 8 government obligations direct or fully guar8919 anteed 1005 Other bills discounted 4 924 Total bills discounted 3 083 market in Bills bought open 23037 Industrial advances U 8 government securities: 553682 Bonds 1'21!2'22! Treasury notes 502574 Treasury bills Total U 8 government secur2430227 ities 31044 Other securities 246i271 Total bills and securities 225 Due from foreign banks 22 04 3 F R notes of other banks 564065 Uncollected items 40 01 5 Bank premises 50043 All other assets 12264292 Total assets LIABILITIES F R notes in actual circulation 4169467 Deposits 6749 105 Member bank —reserve account 186 381 U 8 treasurer —General account Foreign bank Other deposits 7173901 Total deposits 571707 Deferred availability items 132 276 Capital paid in 145854 Surplus (section 7) 27490 Surplus (section 13b) 36200 Reserve for contingencies 7397 All other liabilities Total liabilities reserves to 12264292 and deposit Ratio of total SO 4 per F R note liabilities combined cent Commitments to make industrial advances 19496 bined pound pies mostly $7 00® 8 25: packing sows largely $035 & 9 65 Cattle-1500 5000 calves Receipts very general trade steady killing quality complain shippers' demand narrow but paratively little in run largely $8 50ft 1150 steer trade she stock scarce best steers $13 35 odd lots $13 50 stockers and feeders firm lctllera taking practically thin stockers $6 50 ft' 7 25 everything meaty offerings up to $9 00 and better most heifers $7 00 common and medium grade heifers and common grade beef cows active etrongwelght cutter cows selling up to $5 50 outside on weighty sausage bulls $665: light vealers $80i 5 selects up to $10 10 ®900 — 11000 fat lamb trade Sheep Receipts slow indications steady or around $12 25 tor choice handyweights early sales confined mostly to odd lots natives at $11 50 ®12 00 throwouts mostly $10 00 ft1 10 5n stock sheep scarce unevenly higher light choice handvwelght ewes $6 50ft7 00 ST JOSEPH March 11 Sheep— Receipts 4500 Fat lambs slow market not fully developed bids and few early sales strong to 15c or more higher sales stronger fed lambs Sheep early $11 50ft 11 75 best bid $1185 now held UP to $12 00 natives $1175 and down closed 116-l- b New Mexico slaughter ewes $6 75 SOUTH RAV FR4NCI8CO March 11 — Hogs — Receipts 1400 direct 975 Slow about steady Top and bulk butchers $10 40 medium 170-lweights $10 10 odd lots 250-27pound averages $990 114 head medium 156-lColorados $9 75 sorted 20 head 110-l$000 few medium-goolight “ slaughter pigs $9 25 medium-goo- d sows $8 OO 72840 packing " Receipts 175 direct R holdovers 0010 Steers prenomfuatlni mostly steady Three loads good Idaho led steers sne stock scarce little $9 50 changed good young cowi quoted to $700 odd head fleshy dairy cows to $525r com475 head odd $350 mon bull 4 50 good weighty quoted to Calve all direct $6 00 15 nominal good choice vealers quoted $10 00 ll on 1375 Sheep — Receipts direct 1200 Lambs ‘about steady Long deck common 7fl-lto medium-pel- t California fed lambs $9 30 straight good fed wooled lambs absent quoted SlO’s'O® 00 good choice jvooled slaughter ewes quoted around $5 50® 6 25 or slightly above ANfiKLES Cal' March 11 — Hokj 150 atcaiiy: medium to fed a 1025 1075 top grain good $1 0 85 350 holdovers 284: mostly steady: good fed steers $875® 9 04) Arizona Mexicans $0 85725 grass cutter grade bulls weal $4 00525 common to medium S5 00®6 00 Calves — Receipts 200” holdovers 109 Vealers steady $1000®1200 few heavy calves $8 50 down Sheep pone good wooIed lambs quoted to $10 25 it NEW YORK NEW YORK March 11 (AP) — Crude rubber future cloeert-ess- y 26 to 33 points o nominal lower MarrH 23 Mav 23 32 23416123 43tr ”jniy Smoked ribbed spot 2312c nominal 23 A Bankers’ acceptances— Unchanged Rediscount rate— New York Reserve bank 1 per cent NEW YORK March 11 (AP— Speaker Backs Court Proposal Lead futures — Closed steady unchanged to 9 7 65 Mav March 7 65n July higher 7 62 September 7 60 October 7 60n No7 60n vember sales 4260000 pounds Zinc futures — Closed easv 5 to 12 lower Mav 7 65n Julv 7 65 September 7 h5n December 765n sales 900000 pounds nNomtnal NEW YORK March 11 (AP) — Copper-F-irm electroivtlc spot and future 16 25 export 3 7 45 ft 50 Tin— Easier 64 75 0 spot and near-b65 00 futures 64 624 Lead — Steady spot New Yonc 775 3 780 East St Louis 7 60 25 00 Iron No 2 fob eastern Pa No 2 Buffalo 24 00 No 2 fob Aluminum Alabama 20 00 antimony 3764 fob quicksilver changed platinum and wolframite un- Montreal Silver MONTREAL March 11 (AP) —Silver futures closed firmer 15 to 40 points higher March — High 4510c low 4510c close 4510c Foreign Exchange PROVO — Sighting cases In history where the constitution has been changed for the good of the people George S Ballif local lawyer told a large group of Provo citizens in a lecture Wednesday night at the Provo high school that he favored President Roosevelt’s plan to reorganize the supreme court ‘If you consider the constitution as an instrument for the advancement of the nation’s welfare and not too sacred to be changed then you will agree that the president's plan is a quick way to Infuse new blood into the courts not contrary to the constitution which may help us solve" the problems facing our nation today” Mj Ballif said YORK March 11 (AP)— French In foreign francs moved exihatige dealings Thursday but demand for dollars In 'London and Amsterdam sent other leading mrrentles lower Announcement of the terms ot the new French national defense loan was credited with the local demand for francs which 6th of a cent on the day The gained 01 pound sterling was off 6 of a cent the Netherlands dropped 10 of a rent and Swiss francs were 014 of & cent lower of a cent Canadian dollars added The dollar closed in Paris at the equivalent of 4 584 cents to the franc against the New York overnight rate of 4 568 cents In London it gained i of a cent to finish at 4 88 4a to the pound Great Britain in Closing rates follow: dollars others in cents Great Britain demand 4 88 cables y 4 88 bills 4 8774 LOGAN — Nomination of officers France demand 4 cables 4 58$ for the Logan Rotary club was held Italy demand 5 264 cables 5 264 Demands: 16 85 under the direction of Belgium Germany free 40 21 registered 20 20 travel 24 00 Thursday Holland 54 62 Norway 24 54 Sweden Asa Bulien club president 25 18 Denmark Nominees were: President Al2180 Finland 217 Switzerland 22 8(4 Spain unquoted PorWen-nergr4 44 Greece 90 Poland 18 06 bert H Thompson and Oscar tugal Czecho-Sl- o akia 3 49 2 34 vice president Dr S M Jugoslavia Austria 18 73n Hungary If) 80 Rumania Ernest Earl treasurer 75 Argentina 32 55t Brazil 8 804n Budge Tokvo 28 53 StYknghai 29 85 Hongkong Carl W Sanders and Frank H 30 42 Mexico City 27 80 Montreal in New York 100 034 New York in Montreal Baugh Jr secretary N D SalisNEW Club Prepares For Rotary Vote 58: bury and Frank Sawyer directors Nephi Bott George O’Keefe Harry Parker and Henry Theurer (three to be elected) Dr Lowry Nelson director of the Utah agricultural experiment station and a member Of President Roosevelt's farm tenancy committee explained the farm tenancy program to the club members 99 9674 pNomlnal The Weather Weather conditions reported by U Weather Bureau March 11 1937: The low pressure svstem off both the north and the southwest Pacific roast have caused much cloudiness over the western third of the map and light rains In central California and in Oregon as mild tempera' tures continue Relatively high pressures with correspondingly low temperatures are charted over the northeastern continental divide the plains states Great lakes region and over the middle Atlantic coast Fair weather continued in the eastern Application for a waterworks imwhile unsettled weather prevails ptftlns over the Great lakes and the central Atlantic provement project at Loa southern states Utah Thursday was submitted to Comparative data lor Salt Lake City: Degrees R A Hart state director of the 62 Highest temperature today for approval Estimates 77 P W A Highest in this month since 1874 Lowest last night 37 call for a $26000 job 'including pipe Lowest this month since 1874 0 Mean for today 50 replacements additions and extenNormal 40 Inches sions of which $14300 would be a Total precipitation for the 24 hours loan and $11700 a grant 0 ending at 0 p m Total for this month to date 04 Accumulated deficiency for this month to date 61 Total since October 1 to date 8 61 Accumulated excess since October 1 92 Sun rises at 644 and sets at 631 Friday March 12 WfcATHER OBSERVATIONS TAKEN AT 5 30 P M MOUNTAIN TIME Heres That Drugless Way to w S? P 9 Bo station Lose Ugly Fat! WILL fwoyoupleas-do ant things to take oft your ugly fat? First eat sensibly K of a glass of Welch's Second mi Grape Juice with 'i ot a glass of water and drink before meals and at bedg time No Btrict exercising or taking drugs Yet! — weight losses of 7 pounds a month have been credited diet--in- Use Welch’s— made from the finest grapes grown always full strength always pure n short-wav- e concerts premieres guest atars Buy it today iinmo Gumfs AT ALL NEWSSTANDS Don Fames Idaho Falls Idaho Thomas A Appiegartb 28 Black foot Idaho Ella A Kranta 23 Blackfoot Idaho Irene Rich over 40 weigh the sme e she did it 16 She lay "fat lenlibly — Drink Wtleh't Crape Juice' WATCHAfOUSHUIIANOTWElCHT Insurance Companies warn about the dangers of overweight For they have TED HUSIHG tune la ou the great announcer Jfof a program packed with thrill! Larn about opportunity to share in $30000 IN AWARDS Boyg — S porta Build a miniature Napoleonic Coach or fashion a model ear of your own design Boys from 2 to 20 eligible to compete Write I isher Body Craftsman's Guild Detroit for details Tonight 8:45 P M MST — —KSL too much of a load on the heart is often associated with such diseases as diabetes and kidney trouble— and shortens the normal span of life Don’t allow your husband to become overweight Suggest thisamazingly easy pleasant safe Welch way to reduce TONIGHT IRENE RICH KLO— --6 o’clock WH Craps Jules Ce WeitflsM NYr Las Vegas Nev Retterer 51 Ooldpolnt orton 39 Beatty Fred W Newman 50 Las Vegas U Aollla Raby 28 Los Angeles Cal Victor Marie Deaths ' SNEDDON— Richard inaddon SS Utah lobar pneumonia March 10 Helper WILBON— Mary Jana Wilson 72 Idaho cancer' of bladder March Rigby 10 CHK18TENHEN— James Ross Christensen 29 of 3394 Eleventh East street Atrophio cirrhosis of liver March $ BROWN— John Brown 50 176 R street cerebral hemorrhage March 10 MA RQUARD80N — Caroline Marquardeon 84 of 021 Ninth East street uremia March 8 JOHNHON--Fra- nk Albert Johnson 87 East Midvale Utah acute dilation of Deart March 10 SANDBERG — Adel Irene Bandberff 37 1277 Crystal avenue meningitis March 9 Divorces Asked Logan 20” Preston Idaho Arinina Jonas 18 Richmond Roval Almy Dnpp 24 Lewiston Alta Dean Haglund 18 Lewlaton Boise Idaho Woodrow Thomas Harvey' Twin Falls Jean Margaret MarKay Twin Falla Eva Keen from Albert Keen cruelty attorney David A West Christine Bennett from Joseph M Bennett nonsupport attorney g D Huffaker Estella Keys from James C Keys nonsupport attorney J H Morgan Louise R Munk from Leo D Ifunk A Miner Lawrence cruelty attorney Kdttn E Daniels Tremctleny from H Kenneth Tremeiieny nonsupporl attorney K Tracy Power Bankruptcy Panguitrh Benjamin Archie Cameron credit $150 mechanic Debit $285625 exempt $150 New Suit Filed HOIC foreclosure Stewart v Harriett E Woolwy t al $1644 24 attorney Ralph T News of Record DEEDS Robert P Fisher to Nathaniel Bald1- - ’ 34 win — Section townahtp 8 1250 south range 1 east Builders Finance Corp to N L 10 Herrick— Lot 2 block 19 plat B L N Herrick to Clarence H Rchlcketanx —Lot 2 block 19 plat 10 B Zion's 8 B A T Co to Jos 8 Spokane Wash South block 1 Miller— Lot 1 D C Trmilln Hagerman Idaho 10 Add Blvd Helen Powell Juilaetta Idaho Wm G Bears to Owen 8 Jacob— A 10 Lot 7 block 1 plat Fern N VanAuketi to Agatha N Twin Falls Idaho 10 Dean —Lot 5 block 10 plat B Paul R Cline 27 Buhl to Co Real J Estate Lynn Doxey Willie L Joues 21 Buhl Bmith — Lot 130 Marlborough 10 Warren Rex Rollstln 21 Twin Falls place AmerUan Thrift Corp to J M Nelda Bliss Curtis 18 Declo Knapp— Lot 4 block 19 Doug 0 Max R Miller 28 Twin Falls las park Ellen M Haddock 22 Twin Falla Marlon L Rooklldge to J J Dowell — Lot 18 Clearview Sub 10 J C Griffin 24 Twin Falls Hazel Anderson et ai to Edw R Pauline Pawson 19 Twin Falls Smith— Lot 19 block 2 Muscatine 10 place lister Hills 19 Kimberlv Geo T Sharp to Clarence W M!!n 19 ftchaaf Dorothy — Section 30 township 2 south Kimberly 10 range 1 east John C Argali to Margaret C Lund Pocatello Idaho — Lot 3 block 93 Plat C 1 George Bemtis Olds 54 Pocatello Hattie R Mack to J C Quick et Aha Jean (arson 31 Alva Okla 1 al —Lot 3 block 7 plat O to Builders' Finance Corp Ralph J John G Renolkln Pocatello — Lot 27 Glenwood Gerramor Ruby A Melbourne Pocatello 10 Add A ft on 8 Farnsworth to Geo a Joseph A Harwood 20 Grace Hoxsle — Lot 1 block 8 O Alar Rich 16 Grace 10 plat A Tho B Neff to Ada W Harrtman Lot 1 block 10 Country Club Junction 10 Acres Ross Thomas 21 Cireleville O D Griffin to Roy F Pouln— Dathel Jensen 19 Junction X0 — Lot 4 block 2 plat B Wilford C Burrow rt al —to Fed John Gouldlng 72 Junction j Section and I Bank Berkeley Ester Willis 64 Junction outh range 1 31 townehlp 1 I® weet Murray Richard Gardiner 21 Richfield Montes Baker 18 Richfield permits building F owner Soreneen Powell J J 1935 builder — Brick residence Provo 3800 South 7th East — owner-buildHouee Doll Co Leo Karl Knight 3 9 Provo So 550 X518 Main Frame addition Helen Louise Lewis 18 Provo Anderson Lumber Co owner-buil- d er — Frame residence 834 Bryan "t®0® avenue Births Lumber Co owner-butldPocatello Idaho— Mr and Mrs Wendell Anderson — Frame residence 840 Bryan Btout son Mr and Mrs William Enke 8500 avenue daughter Mr and Mrs Clark Green son Anderson Lumber Co owner-buildMr and Mrs Frank Kenny son Mr and — Frame residence 1433 South Mrs William Tademy son Mr and Mrs 6000 13th East Oscar Luker son Mr and Mrs Jimmie Gordon daughter Mr and Mrs Edward Btrattoii son Mr and Mrs Otho Raymond son Mr and Mrs Donald Hanlon daughter Mr and Mrs George Peterson son Mr and Mrs James Hendricks son Mr and Mrs Iceland Bmith daughter Mr and Mrs Karl ftturman daughter Mr and Mrs George Hogan daughter Ml and Mrs Thomas MiAteer daughter Mr and Mrs John Murray son Mr and Mrs Joseph Handcock daughter Mr and Mr Willi of the Thirty-eight- h Ward son: Mr and Mrs John Trimming Major W Mr and Mrs Wilford Krebs son daughter Mr and Mrs Karl Belnap son Mr and at Fort Douglaa will infantry Mrs Jewels Peterson daughter Mr and Mrs Frank Adamson daughter all of be the guest speaker at the regular fit Anthony hospital Mr and Mrs L L Johnson daughter monthly meeting of the Salt Lake Mr and Mrs Dan Ruchti daughter Mr and Mrs Leo B Hurst daughter Mr and chapter Reserve Officers’ associaMrs Jack Cummings son Mr and Mrs tion Friday at 8 p m In the offiRobert Peart daughter Mr and Mrs Orfn Beil daughter Mr and Mrs H B Garmlre cers' assembly room at the tort Mr Mrs and Reed son Edward daughter Mr and Mrs C 8 Poole daughter Mr and Gent will tell of his experiMajor Mrs M Walters son all at the Pocatello ences with the American expeditiongeneral hospital Spanish Fork— Mr and Mrs William J ary forces In Siberia Nielsen son Evanston Wyo — Mr and Mrs John Captain Maurice A - Housecroft Kinney daughter field artillery reserve president of Rock Springs Wyo — Mr and Mrs William 8t Croix daughter Mr and Mrs Wil- the local chapter Thursday invited liam Gibbs Reliance daughter Mr and all reserve national guard and reguMrs Louis Yak daughter Mr and Mrs lar army officers to attend ' Robert Campbell Green River son WARRANTY St Anthonjv Idaho 36 Inland Drummond Rigby Edna Howell 81 Anthony Paul Snletaer Fpokane Wash barah Uorkman St Anthony ' Fort Douglas Officer To Address SLChapter Radio Programs Seeks Project The company has plants throughout the country and headquarters at Milwaukee Large and small local and stations' Foreignbroadcasts Late ’repeat” programs symphony City Lhnd Mirheal Tuelier 21 Balt Lake City Mlldrwi Louise Petorton 21 Riverton er tax equal after preferred dividends $2 83 a common share This compares with grams and Personalities IAvt 1 Hurtt 30 Bait Lake City Julia ern Taylor 19 Salt Lake 6ity John O Richardson 43 CalncivUle Mo: Mary Ethel Davison 46 Ralston Okla John J Waagon 57 Balt Lake City Ihra M Waagen 54 Balt Lake City James William Fltchee 30 Balt Lake City Margaret-Riby Borges 34 Balt Lake anti Carnation company manufacturer of milk You’ll enthuse over the new enlarged program section of this National Weekly of Pro- - Marriage Licenses Special to The Tribune PROVO— Fire prevention plans he felt the recent soaring advance and timber management policies for in metal prices was "unhealthy1 the coming season on the Uinta nahe nevertheless foresaw possible tional forest were formuated Thursshortage of lead in this country at the opening session of an This would develop he told stock- day holders at their annual meeting if allotment and planning conference lead demand continues In present of forest officials He also expressed Construction of logging and utillarge volume the opihion that lead and zinc prices ity roads into timber stands not now might go even higher accessible on the forest are included in the program outlined Charles DeMoisy Jr forest supervisor said Metals Money following the meeting Roads will be opened east of He-bftetllement prices at Utah smelters reand into the Nebo division of ported by the American Smelting and ReLead 7 0Oc a pound the forest in order to open new fining company are copper 1465c a pound sources of timber and fuel for the NEW YORK March 11 (AP)-Bar silver local communities he said c 45c at higher Steady No important changes were made LONDON March 11 Ap) — Bar silver— in policies for handling and selling at Steady higher 20d (sterling of timber Mr DeMoisy said The price equivalent to 45 08c) Bar gold— Adncad 2d at 142s 44d conference will continue Friday to $34 78) (sterling price equKaltnt Officials present besides Mr De Money and discount rates— Unchanged included John N Kinney of LONDON March 11 (AP) — Copper — Moisy Standard spot 76 pounds 10s future Ogden assistant regional forester 73 pounds 10s in charge 'of tint electrolytic spot bid 60 J VV Farrell 10s pounds asked 80 pound Tin — Spot 291 ber management of the intermoun 204 future pounds pounds A J Wagstaff assist Lead — Spot and future 32 pounds 10s tain region Zinc — Spot and future 34 pounds 7s tod ant forest supervisor and the folAdair and E J lowing rangers: — NEW YORK Call March It (AP) money — Steadv 1 per cent all day Parley C Madsen of Heber Mer cent Prime commercial paper — per rill Nielson Spanish Fork and A Time loans — Steady 60 days-mouths P Christiansen Nephl 14 per cent offered roducts reported 1936 net profit of 1904038 after the undistributed profits to BICCER BETTER CHIMGED State Local Statistics NEW YORK March 11 (iV—C H Crane president of St Joseph Lead company said Thursday that while March 11 (AP)— National f Rubber 1937 Crane Predicts Forest Chiefs Lead Shortage Outline Plans Radiator corporation reported for 1936 net loss of $166933 compared with net Joss of $369026 In 1935 —Shipping-point-F— Sl6Qgl65 I2r II Earnings Reports Idaho Potatoes JD AHO-ALLS— March 11 ) In forma tion —for Wednesday : b cash upper valley: Carload —f U track to dealers Russets 8 No 1 90 including some- - primostly $2 7042 vate brands with best mostly $2 85© 2 hq 1 85 U S No 2 $175 mostly $180 Trading with growers almost too light to quote Cash to growers bulk per cwt Russetfr— U 8 No 1 a few sales $2 25ft 2 50 U 8 No 2 An occasional lot $150 60 ’1Twin Carloads f a b cash track to dealers Russets— U 8 No 1 a few sales $2 60 2 70 an occasional car higher and lower at a few points U 8 No 2 $175 ft 180 an occasional car higher Cash to growers bulk per cwt Russets— U 8 No 1 $2 250 245 most dealers offering $2 2502 35 U 8 Na 2 MORNING-MARC- mWTT A i M FRIDAY MARCH U4 13 6:00— KDTL — Early Birds 630— KDYL— Sons of th Pionears wltb A M FRIDAY MARCH 18 6:30— KSL—Sunrlss Serenade 7:00— CBS— Metropolitan Parads 7 :15— KSLr— Lenten Meditation— Rr J Uncle Jake F Dennis Grace Methodist Epitco 7:00— KDYL — Today's Almanac pal church 7:15— KDYL—Tonic Tunes 7:30— K8L— Morning Melodies 7:45 — KSL—International New News 7:30 — KDYL — Trans-Radi8 00—KSL— Morning Musical 7:35— KDYL— Th Alarm Clock 8:30— K8L—Breakfast Melodies 8 '00— KDYL — Success Story 9:00— CBS— "Magazine of the AH"— B A Red KenRolfe’s orchestra 8:15— NBC— Organ Reveries nedy soloist Delmar Edmundzon Trans-Radi— KDYL 8:30— News "Trouble House" 8:35— KDYL — Rhythm Parade 9:30— KSL — Hollywood Room Recipes 9 00— NBC— Horn Folks’ Frolic Gladys Miller interior decora!tor 945— KSL — Melody Minutes 91ft— KDYL— Women in the News 10:00— Jenny Lee’s "Timely Tips" 9 :20—KDYL— Melodic Interlude 1015— KHL — Musical Postscripts CBS— Romance of Helen Trsat 1030— News 925— KDYL— Trans-Radi10:45 — CBS — Rich Man’s Darling 930— KDYL — Musical Varieties 11:00 — CBS — Betty and Bob 11:15— CBS — Modern Cinderella 9:45— NBC— Voice of Experience 11:30— CBS— Betty Crocker 1000— KDYL— Fashion Page 11:45— CBS — "Who's Who In Today's — 10:1ft— NBC Story of Mary M&rtlrt News" with John K Watkins 1030— NBC— How to Be Charming NOON 10:45— NBC— Joe White tenor CBS — Big Sister 1200— — 11:00— KDYL Interlude P M 11:10— KDYL— Trans-RadiNews School of the Air 11:15— NBC — “Mrs Wiggs of th Cabbage 12:1ft— CBS—American Current Events and Vocational Patch1 Guidance 11:30— NBC — "John's Other Wifs" 12:45— CBS— Myrt and Marge 11:45— NBC — "Just Plain Bill" 1:00— KSL— Stock Market Quotations and P M International News 1200— KDYL— Refreshment club Don Mc- 1 :1 5— KSL— Shoppers Musical Matinee Neill master of ceremonies Clark 1 30—KSL— Popular Conoert Dennis Helen Jane Behike Walter 200— CBft— Cincinnati Symphony orchea B lauf usa’— orehestraz- tra“Conducted by Eugene 12:30— NBC — Music Appreciation Hour 2:30— CBft— Among Our Souvenirs conducted by Dr Walter Dam-rosc2:45— KSL— Melody Parade 3 00— KSL— Movie Time on th AH 1:00— NBC— "Pepper Young's Finally 3 15—KSL—International News 1:15— NBC—"Ma Perklnsr 3:30 — CBS — "News Through a Woman’ — 1:30— NBC — "Vic and Sad" Eyes" presenting Kathryn Cravens 1:45— NBC— "The O’Netlla" 3:45— CBS—Good-AfternooNeighbor 2 00— KDYL — Americana 4 :00—KSL—Romance of Beauty 2 30—NBC—"Follow the Moon 4 :15r—KSL— Musical Postscripts 2:45— NBC—"The Guiding Light" drama — — KSL 445— Pretty Kitty Kelly 3:00— NBC— Marlow and Lyon1 piano 5:00— KSL — The Adventures of Bonny duo and n Buddy S'lSswKDXLr-FsshloMatlnea r ! — "tfciftKsLs-Th- e 25th AiinNenagy 3 30— NBC— Frank Watanabe bra tion of the Girl Scouts 3 45— KDYL — Trans-RadiNews 6:30— KSL—Jack Armstrong 3 50— KDYL — Melodic Interlude 5:45— KSL— Orphan Annie 4 00— NBC— Education In the News 6:00— KSL — Broadway Varieties — Victor 4 15— NBC — Green Brothers' orchestra Arden’s orchestra Oscar Shew — — KDYL Girl America Scouts of 430Elizabeth Lennox and Caraela program Ponselle — NBC— Th Ranch Boys 8:30— KSL—International New ft'OO— NBC— Donald MeOlbenr-- 5 6 :45— KSL— Easy Aces : 1 ft— N BC-k Seat Driver Hote! 7jOO— --CBS — Hollywood — KDYL — Melodic Interlude Raymond 530 5:40— KDYIr— Transradio News Paige’s orchestra Igor Gorin Anne Jamison Frances Langford 5:45— KDTL — "Invisible Trails" ducted by Eugene Ormandy Ray 600— NBC — Jack Meakin’s orchestra mond Moley guest speaker 615— NBC— George Hall’s orchestra 8:00— CBS — Philadelphia orchestra com 6'30— KDYL— Sports Page of the Air Bach's— dueled bv Eusene-Orman'645— NBC— Edwin “C“ HniTh HuPrelude and Fugue In F minor two man Side of the News" German dances by Mozart Ribe 7 00 — KDYL — Melody Mill Hus' "Valse Trlste" and Brahm’a 7:15— KDYL —Chiffon Jazx Hungarian Pence No 5: talk by 7 ’30 — NBC—Master— Singers Walter B Pitkin 7:45— KDYL — "For Men Ontv": Larry KSLr— Jade 830— Pagoda mystery sertaQ Bradford's Orchestra: guest star 8:00— NBC — First Nlehter nrogram —Don 8 ’45— CBS— The Craftsmen’a Guild 9:00— CBft— Mortimer Gooch Salesman Ameche Barbara Luddy KSL— 9 15— Home Harmonies — 8:30— NBC— varsity Show John Held 9:30— CBS— Hal Kemn's orchestra Kay master of ceremonies— Broad Jr the Rhythm 8tngera cast from State university of Iowa Thompson 10 ’00— KSL — The Musical Miner Moments Weather Prophet 930— NBC— The Court of Human Rela-0 10:30— KSL—"The J0'35—K9L— International News tjons dramatlzatftm 10:50-rKSLMinutes — The Parade— Ken Laff — Melody Death Watch mystery series Niles EIvia Allman- - Jones Bovs 11:00-K8- L of dramas by Glady wagstaff Gilmore and Wells Martha Raye 1015— NBC— Rainbow Grill orchestra — Pinney: "Ghosts Walk Alone" 45 — CBS— Tommy- Tucker' e orchestra — 10:30— NBC — Jerrv Jnhnsnn'Pfbestra It MIDNIGHT ’OO— KDYL— Trans Radio New H 1200-- CBS — Ted Flo Rlto And his oiw 11 :05— NBC— Slumber Hour 1 1 1 5— NBC— Southern cheetra Harmony Four NBC— Griff Williams Orchestra 1215— CBS— Larrv Lee’s orchestra 1200— NBO-- — - Ben Bemiand All th 1230—CBS— Pasadena Civio Auditorium orchestra I ads i3(WNBCwJUit Wi 1:00— KDYL— Good-nigIFtid &8VI (Paid Adv) - -