Show 32 MARCH 13 1937 SATURDAY MORNING THE SALT LAKE TRIBUNE Late Recovery Reduces Losses as Stocks Suffer in Selling Wave Quotations Averages Stocks NEW YORK March 12 (API— Following li a Hit of Friday'! "stock transaction! on the New York stock exchange: (Sales In II hundreds) Sales High — A— Ariami Kxn Adams Mill Air Reduc Alaska Jun Alleghany Alleld CAD Allied Sir Allts-Mfg Amerana A ii B Notei Am Can do ifl Am C 4 F Am Chain Am Com A Am Cr Su F Am do f 8 nfd Am lntemt Am Ioro Low 22 'A 52 21 25 70 14 2Sd 77 U 15 Net Cloae ) Chi 21 23 Vi 1V 76 IV NEW YORK March 12 (AP) — Fol lowing are Friday a high low and cloaln aioc iew xora bond prices oi nonna on meBales of each exchange and tha total Associated Press) 15 60 30 13 Indust Ralla Utll Stocks -- 4 -S Net change 3 4 U 8 GOVERNMENT BONDS 100 2 47 9 X48 4 74 1 Friday (Hales in (1000) 48 2 48 9 745 Previous day 100 TDollsra and ) 42 4 51 9 73 S Month ago 100 8 S4 A Year ago 79 2 46 4 59 8 TREASURY 48 ft 34 0 75 3 101 6 1917 high Low Close ISaleal High 37 8 48 4 69 1 94 1 1937 low 41 5 53 7 72 8 10:1ft 99 3 high 342 118 101117 28117 28 30 2 43 4 557 4 73 4 1916 low 24 6151107 4 1106 24il0 New 1937 low 60HI113 001112 311113 00 4a 44 64 MOVEMENT IN RECENT YEARS 101111 2811120llll 20 3s46-5M H 7 16 17 1932 low 23 40-414ft 9 133 9 184 3 157 7 1029 high lllOft 8 lioft 8 106 8 June 1)5 3 61 8 61 8 1927 low 43-4- 7 5l 41107171107 0 1107 9 Mr 14311074 I10S 301107 00 41 801106 311106 261106 28 Bonds 1R6 107 6 1106 2410 26 3fl44-420771107 4 Il06 23H06 23 (Complied by Ihe Associated PresBl 10 6H05 221105 221105 22 is 48-420 10 in 3a 10291106 4 1205 22 105 22 Ralla Indiiat Utll For'n - 1 - 6 - 1 27a 55-6Met change 1761:1041 110318103 18 45-4621104 101103 28 10328 x96 0x103 5x100 O x72 6 Friday 116 :j 2553 102 311102 16il02 16 103 6 100 6 72 7 Previous day a 17751102 211102 8 102 12 97 9 KM 0 102 0 74 7 2 Month ago 56-52258 102 221102 9 109 0 91 0 102 4 101 9 69 5 Year agr 181001100 211100 9 llOO 12 99 O 104 4 102 8 74 7 1937 high L BDWRlS"f-ARM" MORTOACTr—"" 1916 low 40 0 64 8 42 2 3 47 45 H 881104131103 271103 27 S 101 1 98 1928 high 102 9 100 5 3 49 3721104101101 261104 00 10 LOW YIELD BONDS 64 11104 30l04 301104 30 x!10 3 Friday HOME LQa"n OWNERS Previous day 110 4 Month ago 6 i Ill A 52 887110322:103 001103 8 Year ago 111 6 3a 49 545110111 100 28 101 2 1937 high 113 7 3511016 1101 4 1101 4 1937 low 110 3 1936 high 113 5 CORPORATION BONDS (Compiled STOCKS NEW YORK March 12 UP)— Late recoveries helped to prop a wavering atock market Friday although declined of fractions to 3 or more poinU were In the majority at the the by 14 Vi Ill 4 4 4 21250 250 30 'I -- iv Despite the deadlock in automo as wv 19'i 20 "it v tive strike negotiations leaders in - 3 151 7111 70 - it III 1131 112 the group rallied as Wall Street saw 113 n 31 ii :ioi '! - 1' igns of near-b- y settlements Some 34112V4!110V4llUSa!2 156 teels also put on a 155 156 0 6N - 2 67 67 71 ( comback and leather and aircraft 89 '4 Kit V ioy I)' 271 27 27 pecialties pushed upward 8 29 1'S:-12V- il 28 Trading forces were sobered 72 12M 11 6 50 49 Vi 50 however by the heaviest selling of 111 17Vi 16l V S government securities in many 54 T — 'r75f"27 ij '27Tfrrz7' yearavTh e"down fair WlheTcaeral "Atmif-sVMetal 17 H7 65 Vi hi: list was attributed largely to ad- Am 84 Am P A L 13 m i:i Am RHtS 59 28 2815 ?Hit justments of bank portfolios to Am M 143 4 421 43 Vi meet increased reserved rquire- - Am 8Roll 4 32 14 Razor 31 11141- - 1 1 73110311101 mill!!: xnents and liquidations for Income Am Hmelt 101 Bftty Am Sll Fdrl 64 65 tax funds 71 49li Am Sua R 4'l 4- 9Am T A T 172 39174 173l Nervous Trends 181 81 Am Tob 801 81 II 31 84 82 83 110 2 l!i:i low There was a turnover of nearly Amdo Type 17 F 23 IK 18 U 1938 high 104 4 68 24 24 23 $35000000 in all bonds of which Am ww 86 8 1032 low Am Woolen 24 12 12 — New 1937 low x 9 71 72 i do pfd governments accounted lor more 1 A 8 237 Am Z 16 than $23000000 It was the great- Anaconda 18lt Dow-Jone- s 87 661 H7l- Averages est volume of both government and Anchor Cap 24019 20 19 members by J A Hogie A Co (Furnlahed 11 14 12 160 in Armour J2 since 1920 corporate New York atock exchange 3 98 98 99 do pr pfd Low Cloae High In addition to the bond break A flail D Gds 8 23 2J4 20 Indue 192 27 189 39 Kit 24: off 98 - 1 A T A 8 F 84 83 44 85 tock trading circles had to 20 ralla 6266 6130 6227 off 34 fiS 36 35 Ref 30 20 utlla 3329 32 55 3300: off 22 nervous trends In recently Atl 8 I4 18 89 18 Atlas Corp 40 bonds 10319 off 19 51 51 51 do pfd soaring commodities and indica- Aub Auto is! 30 14 3011- tions the administration becoming A via Corn 8 171 8 15 37 Vat 37 Nat C R Sl 37!Nat D pr concerned over possibility of an in- Bald-R- -Loco I 16 9V() 0 107 24 Ti! 241 24 t- 1 9 D Stra 19 22 li Nat 21 22 36 35 'i flationary boom may take iteps Bait A Ohio I6818 37 - 14 60! 8 8 8li pfd 44 441 do pfd to prevent such a development by Barber Co 36 42 40 97 33 Nat Distill 324 32Lead Nat 98: 41 1 It 43 ':i 31 the use of powers it already pos- Rarnadall 133 33 N P A Lt I 11 i 14 Hem 13 Beld 4! sesses Nat Bteel 9 89 14 88 89 14 t ' 41 28 26 Bendlx AvI H8 74I New Ind 119' 3Si 1 -- 1 6(1 The Associated Press average of Best A Co 60 N Y Cent 561 52 50 52 102 90 55103 60 stocks was off 4 of a point at Belh Steel a 3 95 8 95 NYCAIpf 19 19 19 5 do pfd N Y Inv 7 H 28 14 29 741 Transfers totaled 2289840 Blaw Knox 191 8V4 NYNH4H 9 878 44 45 Alrp Boeing N Am Av 601 15 hares compared with 2734160 Konn Aium 14 15 4 44 4 t 45 110 28 14 27 North Am 27 27 27 Borden Thursday North Pac 1161 34 33' 34 83 Bora Warn Close last-minu- 1 -- -- 1 con-ald- 1 V4 A4 111: 38t 1 61 1 1 -- Dealings Slow Except for one or two Intervals dealings were exceptionally slow although It was noted activity was most pronounced in declining pe- riods The French franc again moved tip in foreign exchange transactions as the new French defense fund was oversubscribed Just how much of the franc's strength was due to repatriation of funds from new xork and London was un determined It was also said to be a question how much selling of U S governments was from over seas sources Commission houses with foreign connections thought offerings of stocks from abroad were smaller than the buying Leather company shares con' tinued In brisk demand as esti mates of earnings for the principal concerns In this line were revised Upward Douglas Aircraft did bet ter following adjustment of strike difficulties in which the corpora tion agreed to recognize the C I O as the bargaining agent for its membership Retail Spending The week-en- d survey of Dun & Bradstreet was impressed with expanding retail spending but store issues did little Steel scrap at Pittsburgh was lifted another $1 tftEuio tbe highest mark since 1923 Carriers failed to revive despite publication of last weeks car loadings disclosing a more than seasonal gain Santa Fe was off 114 at 8iVi and Union Pacific was down 1 at 144 Mi Others on the declining end In cluded American Can at 111 8 Du Pont 171 Union Carbide 108 General American Transport 76 Consolidated Edison 40 8 North American 27 4 Anaconda 67 4 Kennecott 66 4 Cerro de Pasco 2 81 53 Woolworth J I Case 159 2 and Standard Oil of New Jersey 73 4 American Hide & Leather preferred jumped 7 4 points to 52 and the common was up 1 2 at 10 2 U S Leather was up 2 4 at 15 U S Steel was given a late runup and ended with a net fain of 1 8 at 124 3-- 1-- 1-- 3-- T 80-i- Hrtdgept Br Brlgga Mfg Brown Shoe Bucyrm-- Budd Mfg Budd Wheel Rulova Wa Bnrr Ad M Byera Co Calif Pack Callahn 7A Calll A Her Can D C A Caned Pac Car A Gen Caae J I Cat Tract Celanese Celotex Cerro de P Certain-IChea A Ohio Chea Corp Chi A NW Chi at Wes Chi Pneu T Chryaler Coca-Col- a ColgateA P I Col F Col CAE Col Pic vtc Colum Car Com Credit Com flolv Com A So Congo Na Con Oil Con Text Con Bak A do B Con Can Con OH D Corn Prod Coty Crane Co Croaley R Crown Zel Crucible Stl Cuban-8 Cudahy Pk Curtlaa Wr do A —I) — Deere A C Del A lllld Del X k W Detroit Ed Plat Cp Be Dome Mlna Douglaa Ar duPontdeN do deb — — Eaatern Rl Faatman K Eaton Mfg r FI Auto I El P A L do pfd El Stor Bat Erie R R Eu Vac CI — F— Fair Morse Fed Screw Fire TAR! Fllntkote Freep 8ul Gen A Tral Gen Baking Gen Bronze Gen Cable do nfd Gen cigar Gen Elec Oen Foods Gen Mills 49 48 22 12 SO 48 23 24 r'i4 291 31 Ohio Oil Oliver Fm Oils Eirv Ow 01 III -- 48l 2IV4 12 31 40l 4n 40ail1471 4l 185! 571 185l 17 25 32l 31 321 361 16i 15I 16 3! 8iil sl 2 139ilrflil5!i98 97 14i 98 2 41 B 34 It 47 81 20 65 85 5 5 251 3 3 29 4! 29ia 6: 130 1126! 129 ia152 152 111154 22 311 22 21 46 191 47 ' 46 16 16 115 17 35 34 Sr 35 41113 60 59 11 60 18 18 40 1U 3 3Vi 3 178 45 44 20 45 17 17 258 17 1 53 27 74 30 39l4 3 92 4 61 36 62 43 35 44 9: 69 68 68l- 8 8 52 51 17 53 1 23 23 20 155 21 21 78 75 10 3 10 1 40 40 7 94 21 41 22 33 47 81 19 64 84 5 3 29 32! 34 31 47 83 2014 65 81 85 391 131 191 112!112l- 1I 7i 111131 351 55 ') 1 1 31129 1361 111 47 28 66 1128 28 46 64 1133 133 !Mf 1128 27lt 47 27l k- 65 14 10H721691171 1 22l i M 13l 13! 21 4l 62 3! 7ft 16 11 30 125 47 0 42 75 16 10 30 125 47 59 42 3'125 II 47 801 60 121 42 2 61 1 V 54! 17l 49l 47! Rubber "' 15J r Pacific National Life Assurance Company ' Secretary— Nephi Showing conditions on December SI M36 made to the Commissioner of of the State of Utah pursuant to law: ASSETS $ Heal entate 85203 47 640885 35 Mortgage and other loans 32 593329 Bonds and stocks Cash in office and banks 164859 85 2122725 Other ledger assets Total ledger assets assets 1148548524 10523485 Kon-ledg- er Orou assets Leu assets not admitted $159072009 2774858 Total admitted assets $156297151 LIABILITIES Ket reserve Other reserves Unearned premium reserve Ket amount unpaid losses and claims All other liabilities H Total Capital Surplus - $ $65875000 21135327 20i Illinois'" Cen Indust Ray ncer Rand Inland Stl Iiisolr Con rs Interlake lut Harvest! In ! In Nk Canl lot Kelt lot Shoe lut T A Tl Hv-E- A Johns-Ma- Kel-- t "S j in n f 24f- 3RI- - K— ' W A! 71 27 27 26l 70l 48 148 57fl3! 13! 13 801 271 724 B145H43 101 19!' Lambert Ieh Port C Iehm Corp 612948 00 Lerner 48869 26 I McN Sirs 11 1215399 Llgg A Mv1 tfma Loco 450000 Liquid Car Loiw J439899 Lone St Ce Ixirlllard PI 69286824 Louis A N1 —M — Mack Trks! Macv R H Magma Conl Marsh Fle'dl McCrorv St! do nfd 21! 391 7' 47 143- 1 It 'I fifi U I 26 42 -2 22'- I 21 V 4 14 i 21! '7l- It 1 14! 14l 11! 1411 1101 1101 2'101 73a'!- - 2 10! 73 2' 52 nt Ml' ni Y2 7R 1 78 JR 78 5! 7314 7214I 72!- - 1 73' 24l 19' 7 I 10 60 141 Sft II 82 Ifii 1 59 S3- ?8i Vi as 14' 15'110145l 8! nl 4l 46! 18 Jnn 7 7KI - 3 8 23 17r 20j 31 71X41 33S4I- - 48 It 15'-I'l01 I fl 4!- low 1nu HI 9?i4i 9' 14 24! r?vi- 13314! 33141- - 6'lt 2! a' 21' 231AI 231AI40141 401-i!14111 14't 14' 14! 7141 7011 14l 33I 34V4I 10! -- (6 i Iff 60 It 1 58 It 1 4 62 'OS4U - ! 81 40'il 3R'14lil ZV 41' 97 20 50HI 20tliioo UHooia H 103 21 24 111 7' ?'!t 97 ?oa i 17 t 3f 00 s'( 17't 22'-3- 1 - V ll'fl 56 26 41H 63 48 93V4 31 11 32 32 1'4 103 93l 1 9 391 18! 7' -- S9 6 12 27 31 914 3914 13 251 39 11 25 7i 8 21 20 26 68 26 7 69 16 20 11 19 109 2Rva 14ft 21 33 Bis 28- Unit Carbon United Corp Unit Drug Unit Fruit Unit C Imp 3! 1011 17! 16! 731 14 1R14 931 Unit Air I United Aire Va 56i' 65' 39 El Un Carbide! Un Oil Cal Un on Pac lft 54lt m 56 19 29 18' 56 27 31 9 39 13 25 7 20 26 69!t 104 11 39't 20' 32 - 2S 81 82 RV US Leather 81 14 do A 18 1R 19 16 U S R A 67 64 55 67 U 8 Rubber a 2 1 0 V4 109Ml 110 do 1st pr: 100 391101 U 8 Smelt 124 121 255' 124 U S Steel 7 148 147 147 do pfd 3 ? Utll PAL A T A C SAT Young — — Zenith Rad Zonlte Prod vi ai 3H! - lo' 32 60 1141 30 15 52 15 50 9 3 75 8! 3 7414 52 3 30 281 54 s4 31 741 11 39! 54 41 43 191 34 34 98 37 7 vriHav 1 1074 53 43 33 95 36 3Mja 51 a 65i 53 32 12 22 99 M U0V4 32 12 23 54I105VI1051AI10314 iiijf liny 42!105il04!105l4 5'101I101 1101 201 OCI 21 20 20l 19l 86 Cc 20102 M inn 15! I I 85 ci 20 20 85"4 urn rtoi nun 1133 1134 1101 WITH VHUt- - Urn 1 1 III) Is a list of Frldav transactions iew lorn cutd exenange: 98! 99!ll03!1034 98 on 3 75 344 1 30 11! 53!- - 1 V4 34 08 the STOCKS (Salea In Hundreds) ISalea! High 1104 I5ll02!102'102ii ' ni $262140800 208146000 330798063 200690403 Curb Dealing In New York U06 11(14 2!107!107!107 92! 92 92 51'102!102I102 21 131 411 Thursday bank debits Same day last vear Friday bank clearings Sams day last vear BHW 18!106I106 111 L Bank Gearings S Alum Co Am om uny - at 1 Am cyan a As Gas A El do pfd Am Light A T Am Sup Pow As G A El A Bllea E W Blue Ridge do cv Did Brill A do B Bunker Hill £ Low Close 1161 I2501163W1161 n 15! 6U 6 5Tsl 17 3214 3l 32 U 271 37 751111 31 21 2 14 116 31 3 15 23 Vj 7 314 1 45 154 5 I350!14Hj 9 43W 5 4 S Carrier Corp Cen St El 9 Cities Service 161 do pfd 5 Claude Neon Lts 30 Colts Pat F 1 Col 0 A E nfd 1150 Comw A 80 warj 15 Com Aire 18 Con Coo Mlna 20 Cord Corp 8 244 ci Bona at fin do 5 pfd 4 4 Electric Share do pfd I 19 Equltv Corp 14 4V 4914 3 59 82 Vi 371 37 21 '4 21ii 314 21 4 110llllO'-221a 3Vi 45 15 V4 51 139 43 IK 4 2ia 314 22 V 314 45 1514 SVt 141 Vs 4314 li 4 4814 3 4S4 81 82 lA 02 01 20 27 03 0114 18 0114 57 04 05 14 1 80 1 1714 05 02 26 40 01 Ot 08 07 03 02 10 65 04 14 07 40 05 01 1814 02 59 Friday w the greatest volume of '"t 06 05 14 Standard trading in more than 16 years wa Central 1 82 V4 con cnier recoraea 1 25 Clayton Silver Turnover in federal bonds alone Colorado Con 0514 04 Rexall totaled $23450000 face value com Columbus Combined Metals 27 50 Lead' pared with J7530000 the day before Comw 02 Eagle ThU waa the greatest amount since Crescent Croff 02 08 December 30 1920 when $28423000 Crown Point 09 All listed bonds Dragon East Crown Point 04 changed hands 03 Standard traded had an aggregate faee value East East TlntlcXIoal 20 of $34690000 66 Tlntic Con against $22016000 Eaat 04 East Utah a was which also record Thursday 0814 Fmplre Mlnea 411 Eureka Bullion since December 30 1930 when Eureka Lilly i45 traded 04 Eureka Mines 05 1 80 1 85 Eureka Standard Friday's leverage on governments Gold 05 Chain 0514 was likened by one dealer to a Great 02 Weatern 03 Horn Silver 40 45 log jam which finally broke up Howell 03 04 the too of accumulation following Indian Queen 0114 0114 Jo 42 King much pressure He pointed out that Iron Kennebec 25 26 e while 02 05 corporates and Kentucky-Uta16 20 Keystone had declined municipals steadily in Lehl 02 0114 recent weeks federal loans had re- LeonoraTlntic 02 0214 01 0114 May mained within a point or so of their Little 13 15 Magnolia Lead 1 2 Mammoth 95 record highs Hence he continued 05 Michigan-Uta0114 05 needed on it the king Miller Hill only a jolt 02 011 Gold 01 0114 pin to send them down toward Miners 10 0614 Monarch levels coinciding with those of the Missouri Moscow 04 04 14 e Mt City Copper 15 87Vj 16 1214 other issues Mountain View 04 0414 60 50 Nalldrlver Other Factors 20 30 Nellie Med a 06 Other factors operating for the New Premier 06 15 New 08 09 Qulncy decline were said to include the North Lily 1 60 16714 01 0114 need of banks for funds to meet North standard 34 35 Copper tax payments March 15 and the Ohio 04 U314I ir'ark 27 City Cou 26Vj federal reserve mandate on mem- Park 09 0814 King ber banks for higher reserves by Park 15 20 Park Konold 08 10 Park Nelson May 1 23 2414 Park Premier A symptom of underlying nerv- Park Utah 7 00 6 50 03 04 Bristol ousness in investment and trading Ploche Plumbic Mines 1214 15 25 circles was seen Thursday when Plutus 35 60 50 Con the market moved down to meet Prince 43 Provo 45 19 20 the offering price of the $130000 R co Argentine 17 1214 16 50 King Coal 000 Philadelphia Electric company Silver 58 60 Sliver King Weat 05 0514 Shield 3 instead of carrying them Sliver 01 Silver Standard 0U4 03 up as had been the tendency in Sioux Mlnea 0314 0014 South Iron Blossom flotations South previous comparable 05 07 Standard While the new issue found buyers Swansea Con 04 0214 04 05 Baby at the introductory figure of 102 2 Tar 03 0314 Tlntic Central e loans were of Tlntic Lead 80 83 other 9 65 9 50 Tlntic Standard fered in large volume on 14 02 Union Chief 02 0214 Utah Con Losses Substantial 9 10 9 00 Sugar pfd 2 8214 2 90 do common U S governments suffered losses 2 00 Utah Metal ft Tun ' 12 15 ranging from 8 of a point to Victor Con Con Oil 08 06 of a point with the major Walker 4 25 20 4 Mining 2 or more 04 0414 Little West Toledo ity losing 03 06 if any distinction was made be Wllbert 06 05 Yankee Con 11 10 tween treasury and guaranteed Zuma FRIDAY SALES agency issues High-grad- e corporate obligations Alta Tunnel 2000 at 2V4c 4000 at reacted fractions to nearly 2 points American Metal Mining Co 1000 at 1C ed Tin- 5000 at 2c 5000 at ane and speculative Big Hill 500 at 21c oou at cuc even courses American Telephone Bingham Metals 2000 at 28c Bonanza Mining 3000 at IVjc 8 3 lost 2 to 97 Bethlehem Bullion 200Q at 114 to 95 anf Con 3 500 at 58c dropped 2000 at 514c Standard Central solidated Edison 3 declined 2 500 at 1180 Chief Consolidated Silver 400 at $120 70 at to 105 4 In the lower priced XI Clavton 9S 000 At ci 20 bracket Rock Island general 4s Colorado Consolidated 4000 at 514c at 5c were down 1 4 to 40 4 Ameri 4000 Co 3000 at 4C can & Foreign Powers 5 declined Combined Metals 300 at 27c 300 at 2T14c 1 2 to 82 and International Tele ast crown roini ouuu m at 66c Kast Tlntic Consolidated 800 jc phone 5s fell 1 to 74 4 East Utah 3800 at 414c Vnroka Rill Hon 300 at 41c 200 at 42c Foreign List Neglected Eureka Lilly 1100 at $150 1000 at The foreign list drew little at 200 at $185 1000 at tention and rocked back and forth ?1EureU50 Standard at $170 to finish slightly mixed Polish $180 Gold cnain uniu at nc Horn Silver 100 at 45c 200 at 48c issues moved lower on light dealIndian Queen 2000 at llt-high-grad- 10 h V4 high-grad- l-- high-grad- Mining issues were subjected to selling pressure in Friday's session on the Salt Lake stock exchange and most of the leaders suffered substantial losses Mountain City Copper opened at $1625 off 1216 cents from Thursday's curb price dropped to $1612 and rallied to $1625 Closing bids declined to $1587 '4 Tintic Standard dropped to $950 off 25 cents rallying to $955 Walker opened unchanged at $425 and dropped to $415 Eureka Standard declined to $180 off 10 cents Chief Consolidated to $180 off '714 cents Eureka Lily to $147i off 13 cents Big Hill to 20 cents off 3 Zuma to lOVi off 14 and Colorado Consolidated to 5 off 1 Park City Consolidated " slumped to 26 cents off 3 but lied to 264 with 8700 shares trading Small losses were suffered by Bingham Metal Bullion Park Premier Keystone Cardiff East Tintic New Nort'h Consolidated Lily Quiney and Ohio Copper Tintic Lead was an exception to the trend rallying to 81 cents up 1 on a volume of 5500 shares Horn Silver recovered to 48 cents up 3 and Iron King to 41 up 1 Clayton Silver sold unchanged at $124 and Moscow at 4V4 cents raJ-"-"- S P Gets Permission To Raise $11220000 WASHINGTON March 12 UP)— The interstate commerce commission Friday authorized the Southern Pacific Railway company to Issue $11220000 of investments certificates The railway's application called for sale of the certificates at 93377 per cent of par and accrued dividends to Salomon Brothers and Hetzler Dick and Merle Smith and Stroud & Co Inc Utah-Idah- Metals and Money Utah-Wv- 25-3- 2 Settlement prices at Utah smelters bv the American Smelting and Penning company are: Lead 700c a pound copper 1465c a pound "4 14 Vi 1107 1107 2)107 3214 30'A 32 ' NEW YORK March 12 (API — Bar tllver 914 111 94 ven aia tin 271 79 9s 79 79 — Firmer 4V4 4 44i higher at 4514c inland Stl 3efil 141103 I102S4 102 3 23' 23 234 Int Paper 5a 47 41101441101141101 LONDON March 12 (API— Bar silver— 7614 7614 76$ In TAT rv4 1A 0 31 85 84 84 514-5- 1i 5l£ Flrnu up at 20 ll-16- d ao-fl(aterline Brics 5a 5 20 75 Vi issues-follow74 1 9414 9414 94 equivalent to 4546c) Bar gold — Advanced ld to 142s SV4d 214 214 214 J A L St 4 s 611 7 Excello A A T 14 26ty 2514 26V (sterling price equivalent to $34 78) K 102!102jl02 7-l-21 231 2314 231d Money and discount rates— Unchanged Fanny Farmer Kresge Fd 4a 451 13 106106I106 3-9 Flak Rubber 17 2211744 16 2514 Ford M Can A LONDON 5 2514 25 March 12 (AP)— Copper — 491 4 3 74 Lautaro N 6s54ct 4 43 l-121 714 7 714 do Ltd Standard snot 77 nounds 5b: future 74 46 5 98 Lpew'a -5- 1Vt 61 Vi Ooldfleld Con 4 pounds 15s electrolytic' snot bid 77 pounds 12l S914 5SV4 5814 Gulf Oil McK A R 71103 50 pounns lus insTin asKen 103 11031 — Snot ty 301 831 2414 2214 23H Mo Pac 5a 77 F 881 45 44SA pounds: future 295 4514 Hecla Mln d 141? 1414 21 1414 3-Holling Go 101 22 pounds 10s do gen 4a 75 22 22 Lead--11 umbua-Rex- a 37'£ Hud Bay M A 81 181 37 36 391 94 Mont P Spot 35 pounds 13s 9d future 66! 93 93 61 8414 84 84 35 nounds 12s 6d Humble Oil 9l'lOS 105 105 10! 36? 3614 Zinc — Soot 36 pounds 8s 9d: future 36 Internet Pet 361 Nat Drv 3 a a 51 17' 1415 1414 Lockheed Aire NYC cvt 6a 44 638 131 pounds 15s 21 3a± 3H ao rt 38 2013 108 101 99 4 Nat Inveat 99 31 84 8314 8314 NEW YORK 231 94 do 414s 2013 A pfd March 12 (API — Call 9311 93 V4 Nat II 2514 2514 2514 s o money — Steady: 1 per rent all day flu oni 111' faiinz 11102 Hi Nat Bug Ref 11132 132 132 Newmount Mln 81 55 NYNHAH cv 6a18 commercial 54 prime paper — i per cent 351 13TV 13Mi 13'4 Hud Pow Time loans — Steadv: 60 davs-No Am Co 5a 6V months 3104I104I104 Nlag 31 13 131 13 XV per cent offered-Nlag Sh Mil B Nor fac 6a 2047 27'1111I111!111 21 3 3 3 Nlniselng Mns do 4s 97 Hankers acceptances — Unchanged 6!10574I105H05 30 131 31 Pac G A E 1 Pfd 4 — 304 Rediscount rate New York Reserve 5 5 514 49 Pennroad 4a 61 bank 1 20 106 I105!10 'per cent 3 171 314 Premier Gold 3'4 ! I 41C 501 80 80 at Sd 100 80 Iron g P 5s 100 40c at Kins 6 106 pfd Pac OAE 4s 64l' ings 1106 1106 NEW YORK March 12 ( AP) — Lead fu 141 314 3 314 selected Indus RR gu 4 sS1l II 105H05I105 300 at 20c 500 at 19c 1500 tures — Closed rlrm fn to 22 higher Mav Pa The Associated Press averages at Kevstone Sherwin-Wms 154 i do 4 1I154UI154 18c db 70 31103 IIOOUOTU 775: July 779: September 779n: DeSineer Mfe 10333 1331 333 showed all groups in hew low Leonora 3000 at 2vic do 4 " a 70 99 III 99 99 cember 780b Sales 540000 pounds H4I 61I 4 So Cal Ed pfd at 3000 Phlla flo 5s - 671 4rln3lAI105i4!105aii Little May Zinc futures — Closed inc steadv 5 lower 20 the with for 431-4the 131 141 44 1 year Mia- - m uni-ground io nn et 4 lAc f 16 9?h-flMoscn PllirT!f(r Sales July SptemtKt 760b 101 2014 'MnmitR 20 1 20 Mne Port G E 4 is60l 12! 65 63 y 63 a: Sunshine on 0 01 a point 10 ao suf Ulty S0Sipr 25H rails 120000 pounds 1A 31 4 23 22 23 at 100 Vj Technicolor at at 15 Post TAC 5s 531 451 $1612 36 $161214 $1625 36 Bid Nominal (b) (n) decline 4 111 4 Trans Lux 4H fering the widest 501 Pure Oil 130 at $1621 1214 12 1001 12 United Gas Mountain view aauo at sc 42!125H23 124 NEW YORK March 12 (API — rVinnr 8 311 8 814 Utll L A Pow A New Qulncy 1000 at 9c Firm: electrolytic apot and futures lfj25c 5l&4 5 24l 5 R Rand 4 a 581 Utah Apex M North Lily 100 at $165 200 at $16714 export 9113 I115'111! 1745c 72 II 7314 72 inn mt s1 71 Utah PAL pfd Ren Steel 4s50! 439 207 1198 1207 Tin — Strong: anot and near-by 51 6650 W 414 4 414 Walker Mln 491 do 4 14 8 56 North Standard 1000 at 114c 1000 at 6675c 97 futures 6612 M 81 10U1 10 6637 1ic 10 West Air Exp 561 Rev CAB 2 104V4H04Vi'104 7 Lead— Steadv: anot Nw York 7T75 41 Olilo Copper 200 at 34c 300 at 33146 7141 74 Wright Harg " 780c East St Louie 7 60c St X S F 78l 28! 3U4I 30 Hi 31 500 at 3414c BONDS DOMESTIC Zinc — Steady: Eaat 8L LoUlL ano4 and" t :ir 141 ih Park Btngnam zoou at do 4s ro A ts 750c (Sales In $1000) 51 341 Park Cltv Consolidated 2200 at 28c futures Shell Un 97UI 97 Iron aluminum antlmonv nutcksllver71 700 at 2714C 500 at 2614c 1000 at 26c Skellv Oil 4s 51I 98ij4l 98 11105 Alum Ltd 5s 48 105U05 onn nt 27UC 100 at 27c lOOO at 9RU platinum and wolframite unchanged 24! 941 94 Sou Pac 4 a 81 94 100 AGAR 20 108 106 mc isiiii nuou no i 14 s 4 6 svu i at Park ?V100V 1100 1100 s AmPAL 5s6s 2028 King 211 99 98V4 9814 2016 351 9811 OR 14 Park Premier 2200 at 24c 300 at 25c 98 do 4iAa Ore 77 11105 Montreal Silver 105 105 Rad 4Us 47 581 97 Std Oil N J 3s 61 NEW YORK March 12 UP)— Late Klco Argentine soil at ihwc 9RI 967 Am 102 301103V4 102 Am Roll M 5s 48 MONTREAL March 12 (API— Silver 8 149 Silver King Coalition 100 at 81700 Stude 8" cvt 451 1147 1148 57 5714 selling was damaging to prices in 301 5814 53 As Elec Ul closed 59c at I futures firm 15 to 65 higher 300 Western Silver T King 201 201 4 202 Bald L 6s 38 xw Low Close Silver Shield 1000 at 514c TPR & tL 4s53l High the curb market Friday though a Silver 113 Be T C 5s 55 A 6113141113 4R 2Sh 114c March at 5jl08H08'108 1000 Standard 45 20 45 20 5 10414 10414 10414 few issues were resistant and closed Un Pac 1st 4a 471 45 55 45 55 Tar Baby 1000 at 414c 1000 at 44 c July 45 55 9:113T' I113S' I11V4 Chit eaD E 4 14s e70 fi 72H 72 73 c 101 Serv 5s ou 7do 3WS 70 at ooc September oaiAl Oflul OA14 45 75 Tlntic Leaa 4uuo at ouc 4575 4500n 121 73 S Pow UMiI S'i 7214 7214 substantially higher at goo 300 at 81c Utah LATr 5s 44 (Dl ma (n) Nominal 9'103ai03'103 104 104 The losing group included Alum I2nn com Ed 4s hi r Tlntic Standard 200 at $975 200 at Utah PAL 5s 44 1UD 1UO I'lUD ' 36105 101 101 41101 at i H 65 at 100 65 $9 $960 350 inum Company of America clos $965 400 at so 45 91V4 9014 91 C O A E 5s 58 A at 66 : Vs Tjr 960 ino at S955 ioo at 11I103!103 1103 8614 87 EIPAL 5s 2030 262l 87 ing at 161 off Vt Newmont 132 off 975 100 at $955 401 at 95 121 3R! 3R! 38 W Pac 1st 5s 461 98 95 1000 Gen Bronze 6s Walker Mining $425 50 at 1 142 off Plate Glass Pittsburgh 12110014 100 at $420 500 at $415 9914 99V4 I1PAL 5s 56 C Weat Union 5a 51 no3 n ( aiiii NEW YORK March 12 (API Th Lake Shore $430 off 10414 l Gulf Oil 58 S'lOSHHOS-HllOS22110414 103 west Toledo iikki at tv loon ai yic 50 do P A L 5s 57 A French franc recovered more of Its recently 80 V4 Mines 51 8014 Yankee Consolidated 3000 at 5c 8014 do 5s 60 P S 7s 57 E 55'4 off Northern 8J106!105I105 89 Zume moo it mne lojt ground Frldav aided bv news the 6 9014 89 Wheel Stl NPAL 5s 2030 B States Power A 32Vi off 71 9514 first part of the French rnvemmmt loan After 1 p JI) 7100! 99 '100 Nev Cs 5s 56 CURB BALKS 95 95 196R A had been subscribed Columbus Rexall 1000 at 4c 7614 7614 19) 78 N E G A E 5s 50 Aluminum Ltd finished at 120 As Ihe franc pushed up for a gain of Colorado Con 4000 at 5c 1101 48 101 14:100 105 105 104 106 NYPAL 4MS 67 Young SAT 4a 61 Leonora 3000 at traders ssumed thc'Yallv meant 103 00' cent up 5 Wayne Pump 42 8 103'103 do 318 31 :152 41156 '152 NTSKAG 4148 80l ug 1 Great Ohio at 3414c more 34c: 10OO Conner 3O00 French raoltnl was returuin'-- home 102 N I P S 4 IAS 7(1 E 16 & 101101 Cre08 Atlantic Pacific 1 14c at up Sliver Standard 2000 FOREIGN BONDS after fleeing during the recent financial 103 103 104 N G 31 46 22 Ok ole Petroleum 33 7-- 8 up Tlntic Standard 50 at $940 100 at utuMtlement In France (Salea In $1000) 4 98 98 98 4AS 51 A 60 The British pound turned un of a 8114 81 20 82 P P A L 5s 55 Transactions totaled 557000 shares $9 walker Ahltibl PAP 5s 531 161 94 92 £mr ar cent 92! Other leading currencies also gained V4 81 3914 93 9314 B PGLAC 81 4s 38 58 Toledo 1000 at 44e 2'100!100V I100V4 Phil El P 5V4S 72 501110 West Antwerp Utile 728000 at expense of the dollar Inoludlnr 110 110 against Thursday Are 6s ft! Feb 310is!10ia4101 Holland guilders 10214 10214 441102 P8NII1 414 s 81 F Australia 5b 55 7!105I103105 In London the dollar closed off of 89 88 291 89 331100 56 do 997 907 PSPAL 5V4S 49 a cent at 488 The dollar slipped In 41 81 81 4 IAS 50 V 82 8:108 108!l08 Belgium 6s 35 Paris to the equivalent of 4588 cents to 102 Vj s 68 B 61102 10214 W P 9 414 11! 44 74 44 Brazil 6t48 26-5- 7 4' SEPAL 6S 1123 A I the franc compared with the overnight New Bid Asked 511051? 10414 10414 8i 86 83 R Aires 6s 61 sta 85 York rate of 4584 cents 0l 10114 101 14 121101 S Cal Ed 13106 105 1105 Canada 4s 60 1$ 770 NEW YORK March 12 fAPl — Raw Amalg Sugar pfd $ 790 Closing rates In New York follow Great 48 60 5107 14 107 107 101 24 Chi e 7s 42 2311 23j Mach 3 23 and no sales were Con Wagon 34U Britain In dollars others In cents: 351 9314 9014 91 14 sugar was quiet Friday IAB 6s 35 cvt 22 36 36 34 Colomh 6s 61 Oct 00 on 85 Based last Fire transactions the Utah Clar Great Britain — Demand 488U cablesreported Toledo Ed 5s 62 2107V4 107V4 10714 spot price waa nominal at 355 99 99 63 '50 Copenhagen 5s 52 52lI 99 60 00 y L $6 pfd bills 4 87 15-1488V4 although Utah P 9'10114 10114 101 Ut PAL 4V4 44 57 37 57 45 Cuba It was believed sugars could be obtained 73 50 70 50 do $7 pia France — Demand 459 Vs cables 459' 1061? 1 10614 G 58 10614 Wash 5s Lt 99 5I100 99 Denmark 414s 62 00 50 72 inbelow M 69 — level C I no this Refiners showed Demand 526Vi: cables 526 Italy 97 1 97 97 II 32 32 32i Wise PAL 4s 66A OCABk 68 60 Oct terest Demands — Belgium 1685W: Oermanr St 24 24 65! 24 Oer O Int moved Independently again the Futures free 4022 2030 travel 2415: B0ND8 FOREIGN registered 2l 31 31 31 Oer Govt 7s 49 No 3 going higher on covering and trade Holland 5465: Norwjv 2455: Sweden (Sales In (1000) II 77 77 77 Ital Pub Ut 7S B2 from WashingDenmark 2182: Finland 216 2519 buying promoted by reports 231 T8 87 87 TtBlv 7 !S1 20141 2014 2014 ton that no change waa being considered Oer C Mun 7a 471 79 22 Mi: Switzerland Spain 7 unquoted 8l 9514 95 95 20141 2014 20V4 at present In the domestic quota Japan 6 5s 54 Santiago Ci: 7s 491 Portugal 4 44: Greece 90: Poland 1896: 91 48 INDUSTRIALS 59 rt 4571 46 KreucT The No 4 contract eased off under 1n- Jtitroslavla 234 Czechoslovakia 349: N-Wales 5a 57 10102 10214HO2H Total stock salea Friday 557000 shares creased commission house selling a profltl- A list elsi -- 1 S7J -- flam Iftal- i- Htmre rr 1 9 80 r -- I flirt — Aakad " 2 101 67 566525 Nor Jty E! api -- net- vearTotalaercbond Rumania 75: 'Argentina 3255 nominal: taxing miiueuceu oy ine aiaappouuing acaales Friday $2700000 year tion Panama as oj a common of the London market $ 4 00 $ 415 28 52: nominal Brazil S80V Amalg Tokyo Sugar 72 72 vs at asd — ago 3092OOO 27 00 Cloae: No 3— March 259 nominal Mav First Sec Corp A 26 25 Shanghai 2985: HongkongIn 3042 101 25 25 A 25 Peru 7s 59 250 bid July 252 bid September 251 Utah Home Fire Ins 195 00 210 00 New Cltv York 2780: Montreal 501 501 30 I Poland 8s 50 11 25 75 bid: November 352 nominal: January Utah Oil Refining 11 New York In Montreal 9993 10006 32 76H 76' 7fi Rome ft Oil- 1 75 1 45 an 2 dio Southern Utah 94 95 95 San P St 7s 40 Refined was unchanged at 480 for fine 75 61 75 75 Toklo C 5 BOND8 granulated with l connneq active with79 79 79 Toklo El Lt 6s 53 drawal reported- principally by- manufac 100 25 100 00 Amalg Sugar 7a 37 " — March BOSTON 12 intereata (AP) Following turing previTotal as'" Frldsv $34980000: 98 00 47 4s 9700 Holly Sugar ow the aales high and closing prices ous day $273 1R0 week ago 816522-OOO- are stocks 26 50 25 00 NEW YORK March 12 (API — rilrctnr SLA Ogden 5s 34 traded Friday on the Boston stock vear mo $14541000: two vears ago of 104 50 106 00 Hotel Utah 5s 41 of Colorado Fuel and Iron corporation FriJanuarv 1 to dale $R25343 exensnge: $10294000: declared a special dividend of $1 a day 000: vear ago $988062000 two yeara share on the common atock pavahte March Low Close ISaleal High to stock of record March 22 The last ago $748074000 31 fAP-liSDPATTH TTlAHfl March 12 142 142 5 142 Boston A Alb on tne common was a dividend of payment — Shinning point information for Thursday 67 OS cents 67 25 67 Boston Kiev February 25 1931 The com — uanoaa r o o caBn iracs vaney 680 1514 15 15 upper has headquartera at Denver Copper Range pany 1 a: IT MA tt A Aaaam mnatlv 2061 7 7 7 East G A F ton NEW YORK March 12 (APlr-Cotoccasional deal higher and Edison Elec II General Outdoor Advertising directors de 276146 145 145 $2 60 ft u2&0B an No 2 mostly $17 a an oc price movements were Irregular Friday clared a dividend of lower 25 Employers Group 437 2514 25 $150 on the 6 ner casional car nigner: casn to growera duik with moderate rallies on trade and foreign 3 375 3 '4 3V4 cent March 12 NEW YORK preferred atock on account of accuAP) — New Isle Royals in ner cwt Russets U 8 No 1 a few salea buying meeting lncreaaed liquidation 6 6 6 Rac 740 The disbursement Is pavabla mulations Narragansett York Security Dealers' Association: off Business lster In the afternoon tapered considerable with range prices mostly New Eng T A T 1o'l33 14 133 14 1133 14 March 29 to stock of record March 22 a few special lots higher and prices responded to modeit orders 1 1701 27 Bid Asked' Old Colonv RR 27 26 $225250 U 8 No 2 mostly either way 389 11 mostly $2 35(t245 10J4 10 Qulncy Mining from to which 1374 had recovered and lower few a lots May Bullock Fund !$24 25 $26 00 higher 5 1614 I614 I6V4 $150 shawmut Aasn — uanoaos r o o casn 1394 eased to 1383 ' by midafternoon 5 30 4 90 Can Inv Fund Twin Jall8-Burte9714 98 13l 98 Torrlngton 3 14 rack to dealers Russets U 8 No 1 a few when prices were 2 to 10 points net lower 80 1858195 Union Cop Corporate Trust 85 a A A 3 Future! iclosed steady 2 ilgher to 6 00 salea do 120 3214 32 32 mostly $255 & 260 Union Twist Pr $250(265 3 95 do A A mod any trading at some points: U 8 lower Mach 185 91 United 8ho 884 88 scarcely Close Low 2 34 2 10 Dividend Shra High Utah-Ap- ex 6 775 514 514 No 2 mostly $173 cash to growers bulk 14 30 14 16 14 43 27 S3 Russets U 8 No 1 mostly March 26 44 Fund Investors Ino 2 2 per cwt 50 2 Utah Metal 13 89 13 74 7 50 13 94 6 72 8V4 Fund Tr Stirs 8V4 50 814 around $225: an occasional lot higher: Mav Warren Bros 13 68 13 59 13 75 6 17 U 8 No 2 $145® 150 a few early sales Juiy Bo! & do B 13 17 13 95 Total Boston "stock sales Friday 34409 higher 13 25 October MarvlanH Fund 10 76 It5 76 13 07 12 99 4 95 shares December 05 Nationwide Sec 1315 13 17 12 98 2 SO 2 34 1308do vtc January A Treasury Report' A 19 36 S- 21 43 Spot ateady middling 1447—-tr-Quarterly Inc Shrs ' 1 OWARHINGTON March 12 f P —The Stand Utll Inc 113 on March 10: D 8 of the Am treasury 66 Tr of position Super & Go U S Fl La A Pow 19 00 ' 19 30 Receipts $127285857 28 expenditures balance 3 00 $1649158 do B $71200338 50: 310 The March NEW customs receipts for the month-12— YORK Associated 1 94630 vtc 19 i do I ll 0 - — — Members 9nn ( 12 BOSTON Prena weighted wholesale price Index of 35 March 191H175S37 Salt Lake Stork rjTchnrtga commodities Friday advanced to 8469 a year csmre jttiy domestic woo In were mnntly qulel Ffidav Jteceipts for me fiscal new 1937 high $2914 868 87754 : expenditures $3- -- but buyers showed mora interest In 16 West 2nd South f Including: 27ors3S91 $1995 61')previous dav 94 80 week aro "9248: Flour month ago 9005: year ago — 7491 37699 of emergency expenditures! : : excess - — MINNEAPOLIS March 12 (API— Flour frreneh Was 3330-333- 1 tticluded short needed l rroe" Range of rerent yearst nrpfiitlv expenditures cot Carload lots per barrel In ut rah Mia— a rie i uajJ sic iArcuate— warn — as m?r ploTtrt iotr miliMfi —rg'r-'Tm'aaiucjeae rn!(t -' nver th nrnvinm I! lllll basis and averni? to protind $1 scoured$760 ?y 4 77 217ii7 barrcla Low MS 13 TI 31 32717405 Including $251- - cood French cmbinR territory tn original 11 91 shipments( 1 nn 4144 sets $1144 10 aD un M4u— if Jij vv sv v 11 bass at 9102105 scoured basis 12137677 of Inactive gold (1926 average equals 100) jtiJV 151104 64 135 59 3l 98! 98l PAL 3i 3 59 10-3- 4s 36! 4s 4s 98! 97! - Belated Sales Hit N Y Curb 98l 98! 4s Unlisted Industrials Raw Sugar 1 37 7l 2289840 shares dav 2734160: week ago zu- nrvlnus an- - vear ago 2659770: two yeara ago to date 137178646 7R8160 Jamtary two years ago 43 vear ago 155550977 122666 1 N Y Bank Stocks R NEW YORK March 12 are the bid nd asked quotations furnished yv the New York security dealers on New York bank and trust eompamy atocKs irjiaen Friday on an over Ihe counter basis: BANK AND TRUST Bid Asked 38 36 Bank of Man 79 77V4 Bankers Tr 143 140 Cen Han Bk A Tr 80 5811 Chase Natl 78 76 Chem Bk A Tr 21 19$ Cont Bk A Tr 363 358 Gnarantv Tr 19 18 Irving Tr Rl 65 Manufacturers Tr 56M 68 Natl City INSURANCE 5214-Aetna Ins 514 31 1A Aetna Life SHI Halt Amer li ?8!UI Carolina 3014 31 33 Firs i iank 30141 Home Ins 41 H VI tllifllT U 8 Fire 36 V 58 i Salt Lake Curb - 5a Boston Stock List Dividends- Idaho Potatoes Cotton Market Investing Companies - Mining Stocks Sold A Ralph Commodity Index :!"' Wool Market in 4if7 lv i jt Foreign Exchange 5s 7 - 5s H0 44I Vl 959 02 03 0114 21 29 0214$ 5s 8' 43 Oil 351 52ll08!107'107 J W1MII na 41' lK J 911 3s 15 51 24:150l114S''15O 52 a 77 CI uoi iati rs 43 do 5s 70 Colum O 5s 61 Com Inc T Con Edls 3lia 46 do 3 56 C Gas NY 51 99 I104 1104 351 9311 9244 92 V 38 102I101 :101 100 99 Total issues 190 627 142 4a - 32 43 C U T 4 3 99l 98l 34! 361 33 UI 12 70 23 Unchanged 285 424 202 Am Metal Mln Co Beaver Sold Cop Big Hill Bingham Metals NEW YORK March 12 Ml— Un- - Black Metals der a staggering load of offerines Bonanza Mining Bristol Silver u government bonds fell heavily Bullion Asked Bid ma 114!114 1711 43 43 18 349 92 47 104 971 Fri Thur Advances Declines S ' 374 43j 38 75 do al 5s 2000 CniftNW cv Cln CAE 3la 68 4s 33 28 83 14 "I 51 a 48! 96 D 3ia5a CAO CMASP What the Stock Market Did I Alta Tunnel 3s - 83 82 14WI 14'- 122 1123!- 10:124 91 39 38 38'- 15 13 167 13 1891 2114 21 19 US Gvpsum U 8 Ind4AI Vanadium — w— Walgreen do Pfd Walworth Ward BakA 2 61 141 Certaln-t- '81 98H 74I104103!104 371 Sugar— Higher trade buying Coffee — Lower disappointing Brazilian markets Chicago Wheat— Lower moisture relief southwest Corn — Weak sympathy with wheat Cattle — Generally' steady Hogs — Uneven higher I' LIBTFD STOCKS - - 26 21-- 60 Cen Pac 5s 60 Cen Pac lKt419 3b 58 tl43 4s 4s perp lo Cotton— Lower liquidation cal and hedge selling Stock Selling Wave Exchange Drives Mine Issues Lower )jafnn':10's 12!- - 144- do 98! 08! 105I105 99 2 92 nt SL is 48 48 73 36 V4 2HV4 1 39! 92 Can Pac 10I108!108I108 100! 98 121105 pressure Foreign exchange — Higher sterling and French franc in demand Curb — Easy specialties resist-a- 64l V4 63!- - 92 107 4ia r b64 82 41113I113I113 107 16:108 107 251 B A O 5s 2000 D do 60 do 3 66 Bkly M T 4 a 66 99 U44 1miiii 3 3 ail- 103141- - 48 74 19 28 V 18 uei4a55 66 82 83 treasuries under 3b 42l- - 65 49 94 29 474 3s Arm 5s 45lt- 29 48 m n 5s 3b 1 51 4874 11 17I t- 50 7 U 47 19!28 144! 12 L Tr: 8 27 8 l1!t my 99! 4 441 Stocks— late Bonds— Lower Cloae 74l 21! 31 Vi 5a49 Goodrich 4 a 561 TAR 5s 57 fldyr Gt Nor 4 46 Gl H Walker 414 a 45I 1 53 49 47 18S 27o 61 38 H 9: 1 57-- 46 444 do 5s 49 do 5s 50 sta A A F P 5s 2030i A I a Ch Am TAT 43 do cv 4 a 39 do 61 Anac Cop 4 Via 50 Git— Mt A -- 3a 461 do 3148 51 1 117 51 50 P 22:- -- Low Alleghany 5s 44 do 5s 55 aad Erie rf 5s 75 do gu In 4s 961 6 109110 17 54 Vi Oulf 8 V 44 117 Studebaker 18'i 56 Superheat 28 Swift A Co 3! 31 Swift lilt — T— Texas Corp1 196 58 Un ted 22!t 7 12 114 8 33 103 Brflndsl Std G A E do pfd Std 0(1 Cal Std Oil Ind Std 01! N J Stew :Waru Stone A W ? IBalea High DARGw'5a t 25 22 21 20 21 Vi II -- 11 311 27! 51! lT V 2a 2s Consum P 3 Sfii 56 39 39 115 115 27 28Vi 60 60 43 43 6614 664 15 42 65 49 94 Joa Ld Schen Dlst Sears Roeb Servel Sharp A pi Gulf 111! 83 -'t "A 3a Con :i02102i471 48 8 261 351 27 HI Yell 3 34 I135 ti:3 lii:3 53 524l 53 51 - 19! - 19 26 4J 22 t 44 21 212! 12 do B lt I' II 48 JB Warner Pic' Wess O A S Weat Pac West Union Weatgh Air! West FM White Mot WllsonACo Woolworth Worth I AM 1106 I107 16107 K1I 1 441 13'! 14!- - Kennecott 1031 67 91 26V4 Kresge S 1 I Kress 8 H II 42 101 23 Kroger Gro' Mid-C- ' 2l 35 1071 3R4 181 38 6l 37! 38 1140 1140 2140 1129 1130 ti 371 29! 30t- 27 il 2814 77 4t' Ir16i 30! 87010327 Surplus as to Total capital surplus and McOraw-Other liabilities $156297151 Mctntv Por! McK A R f — State of Utah County of Salt Lake es Men gel ' This certifies that the above named Mesta Mchl PI! company has filed its annual statement M d and St cf which the foregoing is a synopsis MlnMol 1ml do pfd and has compiled with the laws of this state relating to Insurance and there- Mo Pacific transact the to Is fore duly authorised do business of Insurance In the State of Mouaantpfd Ch Utah until the last day of February 1)t W"'d! Mother Ld 1038 In witness whereof 1 hereunto set my Wot Pn(t Mof Wheel seal mv 4th this official hand and affix Mur norp dar of March 1937 Bra i J Nan Commissioner of Insurance policy-holde- 38! 23! S4l 29 60 H 22! 67 105! 22 to Underwd 6514 661 Mnlnrl 288 6ft 4 11 2U '4 U o V4 il " ''4 do nfd - 1 71 53 Oen Rv Slgl 53l5 4 5 13! Oen R A Ul 51 30 2811 30 It 1 Oen Tr Eq 18141 131 18 14 Gillette 15! 47 I 4 614-- 1 46 4 J4 Olldrteu Co 49 831 NEW YORK March" W (API — Crude Goodrich 21 8fii Sf nfd do (VI futurea closed ateady 20 to 31 rlbber March 41 '4 2342n May 2332b July Good T aA Rl 2661 463 3 3 331 Oraham-P1372 121 Ml 12 It 12 Cn Gran Smoked ribbed apot 2333n 27 301 27 OtNIOre ctf (b) Bid (n) Nominal 53 52 pf 69 53 V4 35 GtNoRy 2 35 Ot West Rgl 16 71 16 Greyhound SYNOPSIS Or THE ANNUAL H— STATEMENT Or 6 Haves Body! 47 47!131 48 Holland 34 31 34M ! 34 Hollv Sugari Hom'eata Ml 4'40Z 393 I4IHI - 1O 38 31 39 Hou-He- r Al 191 24 do B - 114 86 Borne Office— Salt Lake City Utah And! Howe 18! 87 204l2na 24! Hud Motor President— Carl R Mnrcusen 2 V:91 2 L Morris Hupp litatori CI JO! Prod Thomp Star Tide W As Tim Det Ax Tim Roll B TransamerTr A W Air Trl Cont Twent Cen-FoF - It 1 M 34 12! p TeP t- 61 61- L2011H Thorn - 4 - RV 6 14 3e 3a 3a 3a 3s 3s 2s 2a 2a 2a is 33 R Safe Sirs Tex Tex 9l -- 39l 41li1 42 42l 28l 28! 28! 78 141 16 141 11 21! 31 11 2 39 III' 13' 1 - 62 61 9 9 fl 371 40 7 6 22 7s 103 48 Vi 31 12 321 58 171 2 3l5! 581V4 39 itd 1 1 22 II 47 Smith A O Socony Vac 147 10 s cat Kd 25 28 14 lOfil 6:14 South Pa 11B 40 South Rv Siicrry Corn fl 2 It 13 22 83 141 7 611 summons Skelly Oil 2 ao-'- 11 831 24 1421 aneu union do pfd Silver King 1 23l- -- 80 41 lfc! 11 - 1188 '331 Mot 177 8 745 46 Rep Steel cv pfd' 1'117 4 110 pfd A Rev (: A R 111 45 451 51 Key Tob B - 1 168166I34 Mil 33 ' 1 4:1 ' 80 40 19 18! 2(l 5 61 ' Reo 15IMi 42 un pfd R K 63 fil'al 42 2' 1188 lS'J 81 31 2itt 21 33 Rem Rand 1 1UJ 151A 101 15 3 166 lOl 34 26 431 04 24 4 82 3 41 131 21 2 Pfd 7li 54 7 Pr Stl C Prlc A O P 8 N J Pullman Pure OM Pur Bak — R— Radio 1 129:130155 Y4 3l"2Vlt- 9' Park Utah Par Trans Pathe Flm Pat Mln Penney J C f'eiiu k it Pfelf Brew li Phelps D P R C A 1 Phil Pet Pitts Steel 8J 78l 284! 22 — I'— P O A E! Pack Mot Parafflne Par Plct 58 14 35 I 10! 10!f 58 33 33I 31 If 30 10 58 201 461 21! 30 i0 21 Markets at a Bonds of U S Glance in Heavy Dip New York list meets Irregular Run of Sales lupport Bond ' Quotations N Y Stocks Bonds N Y Stock Shares Drop Fractions to Three Points Badger I |