Show h THE SALT LAKE TRIBUNE SUNDAY MORNING' JUNE 6 1937 STOCK MARKET UNNERVED BY STEEL STRIKES AND WAR FEARS " p London Paris Selling On Rumors of Change-I- n U S Gold Policy Idaho Mine Pushes Work On Tungsten I JM 1’ ''77 I ¥ By CHARLES F SPEARE Copyright 1937 for The Tribune NEW YORK June 5—The strikes in the iron and steel industry more disturbing than those in the automobile trade last winter and the latest phase of the war in Spain unsettled securities this week The month of June opened with the same kind of depressed and dull itock markets that had discouraged Wall Street during April and May Prices declined easily on small vol-f- " faithfully practice It year after year times of offerings until their tax conscience is now reduced has been Buying power It not be well for the as London and continental markets numb Would ’ to put a little £ T have withdrawn from operations for revenue departments m si m Tmrrnmrtnr £ tt rur time and study on their affairs as mtidma hfV’irftrw-n-a rise and have been reoffering well as on those of the limited list p shares accumulated earlier In the of the known guilty? There 1936 and year throughout adan York taken state New has has always been the overhanging In passing a bill that vanced bearish factor of foreign liquida- - will cut step off the former tax exempt tion injthe eyent that the war fever public officials and — should rise as it seems to have done privilegesWeof"may yet see the day judges a while after Subsiding lately when all employes of states and of Gold Rumors Revived the nation pay their rightful proLondon and Paris also have been portion of their income for adminisInfluenced in their operations this trative expenses and when twice the Week by more gossip concerning this present 6500000 American citizens country's policy on the price of are enlisted in the federal income gold To this Secretary of the Treas- tax roll The last act of the United States ury Henry Morgenthau made another of his denials that the gold supreme court Jit this session was to vaIue5s“to Tie disturbed - At the refuse several requests by the gov' ' same time the London market was ernment which would have hastened releasing a substantial amount of decisions on the constitutionality of Upper left: Leadstrike Minins company’s 'camp just com- dehoarded gold for shipment to the the federal power agencies and their in Wild Sheep canyon in Lakeside range Right: North The inactive gold right to compete with private utiliUnited States pleted of connill on the property dotted lines designating outcropsnumerous fund now approximates $800000000 ties The opinions were in the manThe prospective increases may well ner of determining legal technique verging iron veins and circles indicating two of the pointa where the company is prospecting LowerLOre from carry it to $1000 000L000 in the next and court procedure and throw no shallow cut at point indicated by the larger circle in picture at few weeks light on the court's attitude toward The effect of the steel strike on the larger questions involved right G galena S silicified limestone L limonite Iron and steel output is that of reducing the ratio of production to Stockholders of the Centennial Campaign of Intensive Prospecting Under Way Chicago Grain consumption to below 80- per cent Gold Mining company meeting In from above 90 per cent last month Canadians Take Option to Buy Control June 5 AP) — Violent downCHICAGO This loss could quickly be regained ward Salt Lake City a few days ago apof wheat prices BaLurday 4 with a settlement of the dispute be- cents plunge resulted largea bushel In some cases artito an amendment the flurried liquidating sales ou the proved tween union workers and the man- ly from part of holders cles doubling the capitalization of Hills in the Lakeside range on the west side of Great Salt lake Decided Improvement of 3937 wheat crop agements of the employing comthe United States appeared to 1500000 shares 5 cents in value this 75 prospects northwest of Salt Lake City are the scene of feverish acof effects miles par panies The present he the principal underlying factor Besides rains fell fit domestic spring and making the stock nonassessancient quietbroken by the thunder of blasting the din disturbance are on a smaller scale heavy beneficial their tivity indiareas and the weekly forecast those that developed in the indus- wheat an indorsed" cated helpful cool clear weather through- able also apof They carpenters’ hammers and the ring of pick and shovel on stone trial areas of Michigan last winter out the winter wheat region Backed by a group of Canadian1" An unexpected drop In Liverpool quota- plication to the S E C for a permit renamely serious unemployment tions did much to start Saturday's selling Duncan With unofficial predictions cur- to offer 230000 shares of treasury capitalists represented by duced local spending more local re- -' stampede veteran mining engineer MacVichie rent too that the domestic winter wheat stock the under $100000 exemption railin bushoff lief costs and a falling yield would approximate 700000i000 more clause at 25 cents a share and operator the Leadstrike Minels an amount 50000000 bushels road traffic than recently forecast wheat pricesIn here of Biederman Fred Cedar City ing company is conducting an intenthe reached the lowest level touched Inventories Expanding months about 23 cents a bushel was elected a director and the old sive program that will continue until six last Quite apart from the factors of la- - under the season's peak made early in board including Alonzo Mackay July 15 If results prove satisfacbor disputes the slump in the stock APAtthe close Chicago wheat futures were president Cliff Patten vice pres- tory the Canadians will finance dethe day’s bottom figures 4 to 3 market and renewed alarms over the around ident I M Higley and E C Bar- velopment of the property in excents below Friday's finish July $1 06DeWhat Lion Hill in the Ophir min07 ton was reelected R H Barton change for contror of the company 01 September $106 European political situation there 1 06 off continues as com 1 fi3c 09011 09 treas- Mr MacVichie has been elected to ing district can do in the way of ore was basis for a reaction in business cember and secretary 19 ft September $106ftsa $119 December 77 fi77c o“‘- - " in the overbought condition of raw July urer membership on the Leadstrike com- production may be demonstrated in 106 and rye 39 down July 39 V The of materials and manufactured goods allowing President 2c pany’s board of directors report Mackay 88Vic netback July June For months accounts of the 3Vito3e The Leadstrike company owns 15 in the extravagant prices that had The outcome in provisions was unchanged told of blocking out about 30000 lower cents 12 to 300 acres tons of ore The workings he said claims totaling been placed on many commodities adjoining large tonnages of pay rock in tunnels bins and ore the Lakeside Monarch Mining comare being carried down to the and in the unsettled state of mind or mill level from a present pany’s property on the south Lake- piles at various leases on properties of the commercial and industrial of Leading Futures Range Close in the field world over adjustments to the new depth of 260 feet Tailings losses side Monarch pioneer Mines company n mill at a cost of the Tintic Ophir labor and social security laws made have been reduced to about 70 is building a but furinterest stimulated have 1 of 07 have it to in cents a ton and weekly shipments of $75000 and expects constitutional by recent decisions 1 09 ther evidencewas lacking' on acof concentrates to the smelteare operation by July 1 the United States supreme court scheduled The first load has been count of impassable roads Inventories have been expanding Ore Exposed in Cuts 119 on the expectation of price advances 1 36 shipped and the second is on the Lead ore In sulphide orm has Now the trouble is said to be 06 1 This is especially true of textiles of way from the mine in Elko county been exposed in numerous ruts and over The 77 Harry Bracken company to Nevada Salt Lake City Liticlothing and of house furnishings tunnels on the'Tiills flanking contractors announces that the 30 on short the lease bond and - In copper and rubber overproducoveq gation cuts the two-mi35 Wild Sheep canyon which road built last year from the Centennial was adjudicated by Leadstrike tion grew out of predictions of much 36 west to Ophir canyon to the Buffalo tunnel property from the federal court in April highjr figures for these basic com1 52 east and the purpose of the pros- has been connected with the Chlomodities In one instance this week l1 32y determine ride Point Northern Light Mon-arcpecting campaign is to 12 a copper producer has reduced the to ore the depth whethei Iron Zella Douglas and other goes Operations Expanding to obtain a basis for estimating and 68 wages of miners in conformity with the Tintic Ophir properties The com79 the agreement that prices and wages 'At Grimes Ilomestake tonnage available 80 pany expects to begin shipping this move automatically No barley - - - — adjoining Lakeside Mon- week — — Injthe Without doubt we were headed Lard s BOISE Idaho de12 40 32 50 32 40 Leasing opera-tion- arch property ore has been 12 50 toward a critical situation inMarch July 12 65 12 75 1265 8epr3-2?5at"" continue to the expand 3 2 67 12 67 veloped from the surface to a depth 3 2 72 32 72 when commodity and stock prices Oct Homestake Gold-Mi- nes 12 55 Grimes 12 62 of 530 feet on the dip of the princi1247 Dec 12 57 touched the highest levels of the reManBellies Boise Basin in Consolidated 32 26 pal vein— 330 feet to the tunnel level A A D announces covery period If the momentum of July Walton 1690 ager and 200 feet below it George H Sept this inflationary movement had not tunnel on the Coon Dog No 4 has Short president of the Lakeside been checked it would have led to just been let tOJohn Oyler and Monarch says the ore at that depth Cash Quotations Thomas and son have signed is as wide and of as good grade as subsequent disasters and affected James — — wheat June 5 (AP) Cash for a shaft On what they believe in the upper workings Recent work production costs to such an extent NoCHICAGO 124TNo 2 hard 2 23 1 hard that the buying power of consumers No 3 mixed 120 is a northextension of the Miller in the Lakeside Monarch is said to 127 No 2 yel- vein Com — No 4 mixed would not have been compensated 128 No 4 yellow Vi SI 30 have added 50000 tons to the comlow 129 Mi : No 2 white by increased wages and incomes ©1 30 No 1 white 1 30 Ralph Thomas and brother pre- pany’s developed ore bringing the 1 21 ©1 22 sample tirade on The extent of the reaction expected 1 30 Vi— No in tunnel a 1 white cereal total to 200000 tons 48®50c viously to continue throughout the summer No Oata the Miller property entered a 2 white 49c On Fold of Anticline are is variously "estimated at from 10 to which Rye— None— None of streak gold ore they beans Leadstrike property lies on Soy — The G 15 per cent in industry and from 15 for Fred shipment saining Rye No 2 yellow $152' up on heavy Freight carloadings picked to 20 per cent in retail trade of 1 Barley — Feed 62® 73c malting 85c® Taylor of Ogden and New York the fold of an anticline with aforma- shipments of coal and ore 8ome analysts The 03 axis reflected steel compafelt this stocking by Grimes and which a fair portion represents the vice president of the In anticipation of further labor disTimothy ieed — 4 25 0 4 50 are dolomitic' blue and gray nies4 Clover eed— 23 00 © 3300 seasonal decline turbances other company officials will in- tions of undetermined age the Electric power production and residential Rebound Expected spect the property next week and limestones building improved somewhat The index with its seasonably adjusted Mr ore making in large fissures filled consider the program imleasing haveno need i we Minneapolis based on the latest available Certainly with iron similar to those in the components Walton — says — Wheitt unas 100 com5 with 1929-3statistics is MINNEAPOLIS June inflation (AP) of It mediate fear Lakeside Monarch Samples from pared as and 118 follows: 57 cars (mure July Receipts in winter date boom Previous Latest— Tear : 111 111-December likely that the cuts dug recently are said to have September Produce Market basis unchanged quotations 4Jc commodity prices will be renewed Trading assayed as high as 40 per cent Ibad Composite index Cash — No 1 heavy dark northern lower 2 02 6 No 1 dark prod except where scarcity prospects as 60 pounds 128 0135 and six ounces of silver to the ton Automobile “ BALT LAKE CITI Steel mill activ 58 influence 59 wheat northern (8134 pounds $126 in corn and winter the of southern propOre the in activ part Cotton mfg BUTTER No 2 57 pounds 124 ©131 pounds turn is 0 a serious 119 them Unless there power prod W 132 No 56 pounds 92 bc ore butter lb 3 $ 122 erty is said to contain zinc also Electric Residential bldg 118 91 cor butter lb 55 pounds 3t The gangue minerals are silicified Total to the immediate crisis in Europe 120 ©130 1 28 carloadings 32 No 1 hard Montana 90 core or lees a general rebound in business Is an- 1to28130 fancy cent less) limestone barite and Iron oxide (Parchment wrapped grade of No 1 dark hard or EGGS Montana winter $121© ticipated in the fall For there is 1No23 l'hard Since May 1 the Leadstrike com1 05 23 : hard amber durum No 1 henneries dot white Large for & demand still great unsatisfied 22 105 has built a road up the narrow Medium white henneries dos No lred durum pany 102 21 doz Large mixed colorsCHEESE goods and the purchasing powerof canyon erected a camp and installed — 3 yellow No 119 f Coni 121: withpiore trading basil unchanged quotations 3c Full cream triplets lb the public is growing a compressor Air lines will be run 8 18 Full cream longhorns lb Jt-E-H-OTnext week to points where the prosemployment and a higher average loner — No E 19 cream loaf lb Full whits 3 sandwich Oats 40e440 ’ Triplets yestern cured lb will be concentrated Com' cf wages and of salaries 21 — 5490c pecting Barley in no new thing 22 00 do more Tax evasion is will officials Longhorns western cured lb Rye — No 2 say they pany 24 Daisies Wisrogson cured lb Flax— No 1 t 89 tol 03 It hai ‘been praccivilized society 25 trenching on the tops and sides of Sweet clover seed— 13 50 14 00 Longhorns Wisconsin cured lb ticed for centuries Never however the hills and drive tunnels into the NEW TORE June 5 (AP)— Live poultry as — have such ingenious- - methods fissures from points near — Bv freight nominal no audUUons by principal Kansas City those which legal minds how the bottorq of the canyon prices unchanged 5 (AP) — Wheat — express CITY June KAN8A8 and fresh Dressed been allied with this deception Receipts 14 cars o to 3c lower No 2 frozen prices poultry— steady Plan to Build Mill unchanged 3 No tl8 Butter— Receipts 12321 barely steady For the wealthy Individual who feels dark hardNo 2121 plans call for the evennominal hard Company oiher scote 118® JOc 90 120 centralized 29 that he ii being persecuted when he 126 No 3 nominal $116123 No of a mill at the mouth erection tual unchanged grades innomNo 3 2 red nominal Cheese— Receipts 19926$ quiet prices of 1180122 pays Afie tax applicable to his and drilling of a water canyon the 105 close inal 11641)121 July unchanged copie bracket there are various September (1 04 mixed well on the alluvial fan that spreads 30102 Receipts steady Eggs— o to 2c 12 cars avs of “evasion” or "avoidance1 Corn — Receipt prices unchanged whites browns aud duck out to tha Monarch "outlined irt Secretary Morgenthau’s lower No 2 white $140: No 3 nom- eggs Unchanged water supply an abundant inal 91370141: No 2 yellow $130 obtained No 3 $1 30 No 2 mixed nomletter to President Roosevelt Tues !i 1 31 LOfl ANGELES Cal for its mill by drilling to a’ depth of o - 3- r- nominal Produce exchange receipts: iuuafi(AP) $1 280131 — inal — —— day WJaen completed last fall cheese close 29 93400 127 feet $122? Butter 31J300 July $126 01 pounds The ordinary salaried man and September $107 Vi December 57 He eggs nous pounds — on test the well pumped 300 and lower c put to Butter none extras in 33c bulk Receipts the small merchant do not resort to NoOats— 45 48c No 3 2 white nominal Eggs — Large candled 23c eandled me gallons a minute fpr 30 hours withdiums 20c candled small 16c these or similar devices The great nominal 43 047c out lowering the water level Nominal Milo maize— $2 40® 251 bulk of the 6500000 returns are CHICAGO June 5 (AP) — Live poultry— Nominal The Leadstrike Mining company $2 4O02Q1 Kafir— ' was honestly made” said Mr Morgenquiet Rye— Nominal 85 088c incorporated in Utah April 3 pounds ai Barley— Nominal 66 Mi 073cwheat 16c thau for 6000000 22c 1937 Itofis acapitalized No 1 hard and dark hard leghorn hens xrysrsu colored If the lawmakers would take more td 20c over 24c dark barebacks 2 and rock whits and No Plymouth hard May par value of 1 cent broilers colored whits and Ply- shares 19c over No 1 red wheat time In preparing their bills there hard 14o to 18cover less' than half of the a little No 2 red 12c to mouth rock 21c barebacks 18c leghorn each to 16c would be fewer suits in the courts 14e 34 c over No 2 whits corn 18o to 17c two pounds up 20c under 2 pounds 17c stock having been issued Officers colored rock over springs 24c Plymouth 26c to upset them and less opportunity over No 2 yellow com 6c to 6c Over whits Mck 27c barebacks 21c roosters of the company are the following: "on the 'part of individuals” of an No 1 mixed corn 4c to 13c leghorn roosters 12c turkeys hens Fred C Savage president and trea16c toms 14c Np 2 turkeys 13c ducks evading nature to circumvent them wh'ite and colored 4 pounds up 14 surer 7- J Wamock vie president In many of the' cases that come Winnipeg small 12c geese 11c B Crawford secretary Butter — Receipts 18600 steady prices and WINNIPEG-Jun- s the tax authorities it is diffib (AP) — -- Other members of the board of di— - High Close unchanged Low Wheat-— cult to determine 28007 Receipts prices Eggs steady 1 14 rectors are E C Berry H A 1 118 July J15 utrch&nged ends and “evasion” begins 109 October 109 112 216 and Mr MacVichie on track 125 Potatoes— Receipts 08 1 1 08 December el 107s total U 8 shipments 1351: old stock — Tax Conscience Numb !L 116 Cash wheat— No 1 northern weak supplies light demand alow sacked northern 3 ‘ 114 No 2 northern Idaho russet Burbanks U 8 No It has - always seemed to this 112 Commodity Index quality smell to medium No 3 white rewt 25 lair nats— No 2 white 55 writer that most of the popular innew stock California earlys $2 002 53 unmarket market slightly stronger come tax literature was prepared NEW YORK June 5— The Associated settled sllghtlv weaker undertone south Press weighted wholesale price Index of 35 for the purpose of widening the area era triumphs slightly weaker supplies mo- commodities Saturday declined to 90 2L Liverpool derate demand fairly good Bliss triumphs Previous day 60 50 iveek ago of "avoidance” and beckoning one ’’Caterpillar" Diesel 8 No 1 $2 004? 2 10 Cali month ago 9192: year ago 71 7J ItVERPOOL June 5 (API — Ppot whnt Louisiana U rose into the adventurous field of “eva-- " —No U S No 1 $2 00 0 215 of recent years PoVer Plant 3 Manitoba Oi 5d new Rossis 9s forma white Kangs 1935 1933 34 1917 U S commerces $1 90 1936 And '“evasion" is not limited lUrt lAustrsliHU 9s lOd 74 68 94 78 98 J4 ftt 22 1 Oelnbsr High Julv rinsed— to4he rich There are plenty of the 1 Wheat 31 89 15 7 Juns 5 (API — Butter was Low CHICAGO7184 4144 22 December 120 32: Ew'nange — -— Z7 ealaried and merchant class who 492 k (1926 avgrkgs squall 100) steady aud unchanged hi pries Saturday rr - Mine Company Seeks Capital - (fa acdu-mulati- 300-fo- 100-to- le 145-fo- ot ' : b 95cl ' -- de-vi- ' - river near where 40 men are laboring to reach what the mine manager W P Barton believes is “one of the largest deposits of tungsten in the United States” The mine is being operated by the The most Ima Mines corporation modern equipment is being used to remove the ore which in addition to tungsten yields silver lead and copper “Our main working tunnel has been reequipped with 1200 feet 'of new and larger air lines which will enable us to deliver compressed air for the machines and for all other — purposes for years to come” Bar- ton said "Due to the increased haulage of ore we have installed new heavy rail in the tunnel double tracks and switches to facilitate the loading of ore from the chutes "’’All hand trammage Underground ” has been replaced by an electric ilV -- MAY Idaho June 8 (A?)— Into the sldo of a mountain near this out- primipost of Idaho’s million-acr- e tive area- miners are tunneling in search of a rare element valuable to modern industry— tungstep Tall peaks— with nearby 12655-foot Mount Borah topping them all —guard the valley of the Pahsimerol '' i mi j r T— v trammer t W VI "Our production in tungstem Is running between 63 and 70 per cent tungsten oxide "We feel justified in believing that our mine will prove to be one of the largesLdeposits ol tungsten NORTH 8 A IT IAKK Jwi S (USD)— with the usual $1 00 'off went at $950 in the United States within the com - ' Cattle and calves — The Memorial holiday A lot of shorn old crop lambs rated at inf year" a was observed at this market on Hon $750 aud yearlings at $0 5007 00 t sulphide Regular shipments also few lots of local ewea brought $350 day thus making-- ) 'shorter wtek concentrates — silver copper and resulting In the trade slowing down a 385 with culls at $225 dowu little The week’s receipts numbered 1128 MOl’TU SAN FHANtUCO June 5 lead— are being made to the smelter — Huge — Km eipt head to compare with 605 m week ago aud for fuur days 1754 a year ago Steers were included 3925 compared and the grayish tungsten is being Including 2225 direct this clsss last Friday butchers closed 15 to 25 cents In this week's run although 15 or 20 tons was absent last week Tbe current sup- lower: packing sows steady week’s top mined at the rate of ply of other classes hardly measured up to $1150 on about two loads good to choice a month were 220 In butchers to closing top 207 last week’s pound quality but prices With other materials removed tha week's bulk medium to good lt0 hums steady on matured offerings $li25 220 pound butchers $11 00(011 40 tungsten becomes white end ductile to in the vealer market resulted sows local butchers odd lote 925 Medium and good local steers in $850 packing and is used in electrical products rated at $7aOty6oo and rood heifers mainly $1100" Cattle— Receipts for four days 1950 particularly and for alloying with at $735 8 00 Common Ixeifers ringed last Fricows Includiuf 750 direct TJVA mm Livestock Markets down to $6 50 Medium aod good weut at $5 75(6 75 and common cows at $5 25 (n 5 50 The two cutter grades made $300 (a1 5 00 Medium snd good bulls brought $5 00(600 and common kinds veal calves ranged down to $4 50 Good common to' rated at $9 00 &10 00 and medium vealers at S5 00&8&0 Hogs —The week's market on hogs moved in the opposite direction from that of the several weeks with a drop of 20 to past Good close 30 cents below last week's and choice local butchers bulked late at $ll 15tyll 30 with mixed light and medium weights going at $10 OO 4a 11 00 A few lota of pigs ana llg‘ down Packing brought ’$7759 Sheep— -- The sheep run for the week was lighter and totaled 3J92 head as against 14836 a week ago and 6335 a yeaf ago Tha through movement of Galifornln for tha season up to this time totals 590 decks or 63365 head is compared with 786 decks or 112630 head for a similar period Local sales during the short in 1936 limited to a week on this market wer few 'lota of trucked-lewes —at $3509 25 sows 500 OGDEN June 5 (U8DA) — Cattle and calves — The market was ctosied Saturday May 29 in observance of the Memorial day holiday instead of Monday Howdull holiday ever trading was strictly on basis throughout the current weekly term Prices on the limited supply of matured stock were steady to strong but veal calves usual wire being more pelntlful than around 25 to 50 cents lowar for the week Total receipts numbered 1267 head to compare with 886 last week and 1089 Most of the cattle offerings last year registered through the truck division aud the steer supply was lacking Inequality as compared with last week’s best offerings The bulk of medium and gcxxl kinds la odd and lots changed hands at down 25 common plain steers at $750850 head of good light heifers$700 averaging 633 were trailed in at $81 5 with a pounds one out at $7 75 Smaller lots of heavy common to good kinds made $6 50® 8 00 The general run of cows was not extra 6 50 with good and went mostly at $575 a few good young kinds at $675v700 The bulk of cow supply was of tbe plain quality and In the cutter grades andto rstsd at $550 down to $2 75 Medium good bulls went at $4 750600 and common kinds ranged downward to S4 40 Good $9 veal calves moved at 00& and choice 10 25 and common to medium vsalsri at $5 00 0850 -reversed Its Hogs— The hog market course this week and prices dropped 35 cents below the best butchers last week Late sales were made at $1110011125 on good and choice kinds and mixtures went at $10 00(1100 K'eeders rated Pstcklug sows mostly at $9(fa009 dowu 00 25 brought $8 of sheep Sheep— The through movementweek and and lambs was smaller this the ruu totaled 18459 head as against 40304 a week ago and 41309 a year ago 1732 decks or 252983 Head of Cali fomina made up the season's total passings from that state to compare with the 1936 season of 2573 decks or 375115 head for the corresponding period On the local market four doubles of 80 pound Utah of 83 4 also thres lambs losxds spring pound Idahos made the week’s best price a at $1125 With the Idaho shipment one deck of 77 pound lambs rated at 10 00 down yearlings at $769 and ewee at 8375 double A deck averaging 80 pounds in a deck load of Utah springers brought SUOO The other deck averaged 77 pounds and brought $10 60 On the cloae last week four doubles of 80 pound IdsLho springers made $1075 The beet trurkal-l- n springers were sold for $10 50010 75- - and medium kinds went at $10 00 flome buck lambs S compared steers mostly steady good absent: day! she stock scarce late quoted about good lower grades closed dull 25 to 50 ateady ceuts lower bulls steady to unevenly lower steers mainly $750 08 75: about frees loads common to medium 915 to 940 fed and short fed steers pound distillery 50 grass helfera $750 down $7504r8 bulk medium to good grass cows $450 9 dairy cows $450 early com650: fleshy parable kinds $3 65 late common to medium bulls $4 00 (y 5 50 Calves— Receipts lor four days 260 Including 210 direct compared last Frichanged good vealers and light day little calves $b25 9 875: fw meslaughter to $700 dium down Hheep — Receipts for four days 6950 Including 2150 direct compared last Frispring lambs 25 to 50 cents day: wooled shorn kinds steady to 50 higher higher late ewes 50 cents to $1 lower: steady to medium bulk good 65 to 74 pound wooled $9 50tyl0 25 latter for three springers doubles sorted 25 per cent at $9 00 common to medium $8 00 ft 8 50 medium to shorn good shorn lambs $?50fa9 00 yearlings and wethers $6 75 dowu KANHA8 CITY June 5 — fresh receipts too Hogs— Receipts 100 trade nominally light to fortestthe market: 25 to 33 steady lower sowsweek butchers cents mostly 25 cents off: Cattle— Receipts 800 calves 300 for tha week beef steers yearlings and fat aha stock 25 cents higher lip more on medium and good grade spots steers yearand heifers low cutter and cutter lings cows steady to 25 cents higher vealers stocker aud feeder classes strong steady week’s top good to choice heavy steers light steers $12 60 yearling $12 65 choice heifers $11 75 practical top vealers $9 00 85: $8 bulk led steers and yearyearlings few gra seers at lings $10 001200 $7251? 975 300 for the week Sheep— Receipts unevenly 25 to 75 centa4 spring Iambi lambs 60 to 75 cents higher higher shorn to 50 cents up week’s top native sheep 25 lambs $12 50 closing top $1225 spring numerous sales $11 75 G12 00 week’s top fed shorn iambi $935 lata sales Texas downward from $910 choice Texas ewea $450 bulk natives $350 9400 steel Tungsten has been reported by tha state mines Inspector in commercial Idaho quantities in Shoshone Camas Lemhi Boundary Bonner' Blaine Valley and Butte counties The Ima mine is one of the most ' extensively developed in the state spring lambs $1050(81210: first Idahos hers this week at $12 25 with 5 per cent out at $9 75 top clipped Jambs $10 50 week’s bulk $90010 50 load lots downward to $8 00 and $775 slaughter awes mostly $300 3450 OMAHA June 5 Hogs— Receipts 800 ail classes nominally steady: scattered sales good to choice 180 to 280 pounds $110031120 top $1120 other weights not represented compared Friday last week general market 25 to 40 cents lower sows 40 to 55 cents off ’ -Cattle— Receipts 200 compared With Friday last week fed yearlings aud heifers strong to 25 cents higher other killing classes steady stockers and feeders strong to 25 cents higher bulks for week fed steers and yearling $9 50 12 00 several'4 loads medium weights $12 25013 00 load choice 3512 pounds $13 25 and strictly1 choice 1399 pounds $1400 fed heifers'-$0001075 few loads $10 8501115 small lots $11 50 odd head $1200 beef cow 75 odd head $8000 $6007 8 50 cutter grades active $550: bulls $5 5006 25 odd head heavy beef bulls vealers $6 350700 $8 50 practical top odd bead selects $9 00 0950 stocker and feeder steers $70008 50 few loads $8 75 feeders $9 60 09 15 choice 952 pound Sheep— Receipts none compared Friday of last week fed clipped lambs 50 cents higher spring lambs 75 to 90 cents higher fat sheep weak to 25 cetns lower feeders Closing bulks folmostly 25 cents lower low: Common to medium California springy sorted choice grads ' Jambs $9 50 01050 native spring lambs $1250 closing top $12 05 fed clipped lambs $9 50 010 00: good and choice ewes $3 50 0 4 25 good — Hogs— and choice California feeding lambs $800 June 5 CHICAGO Receipts 3000 practically all fresh re- 0875 — Cattle-Rec- eipts DENVER June 5 direct nominally steady shippers ceipts none 250 calves 30 for week beef estimated holdover 1000 took 50 steers sows week freight paid ago packing strong to steady $10 50013 compared flat heifers steady bulk 15 cents higher pigs steady others around and $9 50 01165mixed yearlings $9 300 25 cents —lower $05001075 cowe to lower at loo beef com1100 steady Cattle Receipts 200 calves 100 last week good and choice $5 75 0700 cuttere steady to weak $3 50 pared Friday bulla 6 calves 75 525 $5 750 steers cents steady 0 to 25 strong higher: yearling sharing advance: strictly good and vealers steady to 50c lower top $10 50 fed heifersmedium ana heavy steers stockers and feeders steady stockers $800 to prime weight feeders $755 0 875 15 to 25 cents lower with medium grades down Receipts 100: practically nothing aud common and medium yearlings snd on Hogs— sale few 175 to 250 pounds $1115 0 showsteers kina steady grassy only light 1125 decline grass heifers 25 ing Receipts 1100 sorted Oregons cents lower readjustment from fed to heldBheep— for week above $1150 springers basis featuring steer heifer and cow 75c ©$1 grass fed 00 higher: others 5O0?Qp up ewes market cows 25 ceuts lower mainly grassy horn 2505Oo yearlings and kinds that tolike grass heifers and Bulls grass steady to 25o higher higher top Idaho spring -steers have sell on peddling basis: $12 50 bulk Idahos $ir6O0125O 25 cents higher vealers 25 cents higher lambs medium Californias $1000 01050 stoekers ami feeders 25 cents lower' LOS ANGELES June 6 Receipts for week 1500: 25 to 0040 prica $14 65 prime light eteers $14 50 Hogs— lower graia feds $1135012 long yearlings $1375 light yearling cents locals late $11 75 top $105001125 steers $13 25 heifers $12 50 largely fed sows $8 000875 feeder pigs $9 000 steer run with bulk at $10 50ftl300 11 00 week for 3000 ending Bheep— Receipt for week 6400 steady Cattle— compared Friday to 15 centsRecetpts Fridayweek15000 directs choice lower fed steers $8 85010 35 ewes and last good and and short fed $7 85 0850: Mexicans gras wether native spring lambs $100 125 $57506 50 fed heifers 1 50 08 40 75 cents and higher root slipped lambs nelfers $7 25 down cows $5 000 more up sheep strong some heavy awes 6grass 25 few to $6 75 eutter grades $325 0 25 to 50 cents higher week’s extreme top 465 bulls $5 7506 85 native spring limbs $13 25 others $11 50 Calves — Receipts for week 3500: steady tp 1300 all bucks selling at $100 dis- vealers 87 500960 calves $7000850-' 4 count undsr ewes and wethers Csiifomia few to $9 00 yi EC-T- -I Om LTKE ELECTRIC POWER and when they install it they generally select ‘ lc where-avoidano- e1 RKO U pat orr DIESEL POWER PLANTS the electrio power “Caterpillar” you know is the to generate world’s largest Diesel 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