Show Steels Rails And Autos Lose Ground Y Stock IV NEW YORK July 9 (AP)— Following Hit of Friday'! Btock transactions on ths New York alock exchange: New York chocks — xrreguiar farm impte ments advance Bonds— Mixed U S loans ease moat changes Curb—Steady STOCKS Chafe narrow Foreign exchange— Firm lead' lng units gain on dollar Cotton— Higher local and Wall Street buying high cables Sugar — Higher c o m m s g 1 on house buying g' i Transfers 841420 Transfers amounted to 845420 shares compared with 1033390 yesterday The Associated Press avevarge of 60 stocks was down 4 of a point at 674 Carriers It was thought may have discounted Friday's official returns on last weeks freight loadings re vealing a much more than seasonal increase to above 800000 cars a top for the year Heavy crop movements aided the aggregate Notwithstanding bright traffic figures followers of the transports tion group did not overlook the wage controversy now facing roads Some observers though thought final ad justment of pay demands would not hit net operating revenues too se verely Agricultural Income Expanding agricultural income with reports of rising orders for farm machinery helped implement shares Earnings prospects brought support for other issues The drop in General Motora June sales remained a selling influence in this department "G M yielded 1 at S3 Chrysler was off 1 at A Typ Fdr Wat What the Stock Market Did Fri Thur 3 31 121 103 158 18 38 12 30 120 14 2 37 38 19 38 13 62 27 3 S6 48 63 m 28 1 71 18 4 22 71 40 151 60 5 157 V4 1249 Fair— F— Mor 1252 Bcref 12:k Fed R F T Ftlnlkote Free Bui 6! m Tr 55 28 32 29 28 Ooodyear Snot coffee dull unchanged Santos 4s Oraham-: Rio 7s 9' cants Oranhv CMI jni 50 li - 1 1VA - 1 55 38 Ow-II- 32 29U - 1 114 48 - 40 3l 0'l 1937 30 67 85 Total pledged excluding rediscounts Pledaed: deposits of trust department With state authorities to qualify for the exercise powers 125000OO 12500000 of fiduciary $ 100000OQ 2500000 tht 1 -- v 1 - Subscribed — - oeo j cannon: TELLS — LEWI ANHOf4y"-i-J Directors and sworn to before me this 30th dav of June 1037 H HARRIES (SEAL) U 8 i LLOYD 8 A no of do nf Utll V— VanS''um 3 1" 3:1 101 89 30 10 28 104 14 47 68 20 24 48 33 18 12 Co:nr-i'lnnM- -: 8 20 251 43 44l 111 33! 68 Si 18 2I 71 43 2tl tii 43 24 30 24l 3J 31 511 62 81 7 7 r— — 4s3s 68 61 t39 4s JFAC JL8t 4s 61 Loew's 3s 48 50 Pao 6s 75 do Mont P 3s 66 Nat 2013 rf 2013 do do 4sl cv 11 5 10! 22 ' 92 5162! 19! 131-115 3! R 36 jll5 5 18 22 62 U 18 22 62 13 15 15 8 36 8 36) 85 7'" 86 27 103lin2il02 25 28 7' 25 391 35 86 I Mil 8 131 23 89 33 89 5 2! 12 31 80 271 13 4016"? '1161 ZZ I 20 21 9 ll 18 18 7t 11 31 31 6l 12l :sni 13l 29!- - 23! 12l -- 80! 13 89 6 161 32 9l 12i 30t 82 51 94 I II 104 99 99 103 103 37 as 18 93 1103 va 89 A 6s 48 93 103 38 17 93 103 103 17 a 99V4j 2 28 67 1 42 42 25!103 103 39 1104 481104 11U 104 42 42 42 103 110 104 8107 10T 107 1i 13 4a 61 91107 21107 22 102 3l 4 81 23 43J 'is 41 99 98 121 351 9H 90 107 119 97 175 107 119 98 175 25 26 99 100 87 99 94 98 112 25 26 Vi 99 100 3s 4a 4a Y T 4s 61 do 3a 51 9!105:i04'105 98 8 176 25 26 99 100 88 - 3s 99 95 99 113 113 97 102 94 91 93 100 101 140 161 140 ss 99 94 98 112 113 97 100 102 4 94 91 93 100 101 140 FOREIGN BONDS (Sales In $1000) 21 99 09 HI 99H Abltihl PAR 5s 53 100 51100 10t)V Ara 6s 61 Feb Australia 5s 55 2!in6H!in6il08 1 u- 14 '10 £ 7 1 irj 56 do 109 1109 Relslnm 6s 55 47 47 Braall 8s 41 41 40 do 6VS 26-5106 106 ai Canada 4s 60 17 17 61 Chile M B 6 27 27 Colomb 6s 61 Oct 64 61 43 Cuba lira mm uenmarK 62 37 37 GCABk 6s 60 Oct 29 29 OCALn 88 28 28 O O Intl 65 Ger Govt 7s 49 GCEPJan 7a 44 73 73 Ital P Ut 71 oA 99 99 7s 51 Italy 28 28 Kr A T 5s 59 cvt 103 103 N B Wales 5a5 7 103 103 N Hyd Kl 87 24 24 Rhine W 6a 55 26 28 Klo da J 53 73 74 52 Rome 95 95 Sao P 8t 7s 40 78 78 61 Toklo C 79 80 Tokio El Lt 6a 83 68 66 tTnieiiav 6s6 4 I 85 85 loKonama tta oi t Total sales Friday 87441000 prevloua : rtsv S9280no: week ago R8414 two years ego $10-75- 2 veer aro 811136000: 777000: vesr a- -o 8187 2268000 two years ago $1788954000 2l I 131 2l 1 8i 7l Tl 1I I I ITnllnuil atocka trgded Friday on lha Boston exrnaiiKe: 8aleal High I Low 1 29 441130 Boston A Albany 141 63 62 Boston Kiev 12 200! 12 Copper RangeIII 130 931131 Frilson Elec 251 42 Gen Capital 2Ui ' 8 6151 rR Narrsngansett R 119 601120 New Eng TAT 1 400! North Butte IS 301 19 19 Old Colonv R R 8 450 8 Onlncy Mining 100! 13 13 snawmut Aaan ct 111 38 38 Torrlnalon M 86 United Shoe) Hach 2501 86 2 126501 8 Utah Metal w rm stock Close) 130— 63 12 131 West EIAM1 White atot Wilson Woolworth Worth PAM W'Tbt At! Zenith Rati Wrigi'v Jr 49 151 44 18 148 21 23 12! 9 101 46 ll 36 10 J0 --- It 69 191 88 Trtl uIm 29' 38 if ITplHt 6 "48 48 44 44 148 147 23 23 9 48 46i 36 36 - 106 106 : 69 69 8744 $7 37 36 6 6 B44 AOa 34 33 o less 1825c turkeys northwestern and aouthweitem 17 tf28c: other fresh and frozen prices unchanged Butter — Receipts 7016 easy all grades unchanged firm prices Cheese— Receipts 115973 froaan United use Unit L A Pow A Utah PAL pfd Walker Mln Wright Harg l - 148 4 zon (or 2 2 au 70 34 13 Noln PS 4s70E 41AS60 4B Ok Nat oas os so do 4 s 81 A 5s 55 Pac P A L 4a81B PeoG LAC 72 Phil El P PkBNtll 4 US 81 Fi 49 PAL PgSd 5s 5s 3s GOODNE'VyS BAY Alaska July 9 reported new Alaskan gold and platinum strike started stam 11 69 ID 104 CP)— A li 2 il 70 110 2 3 2 70 3U1 Vi a 9 6 36 19 28 4J 94 6V 3 2 'At 98 97 23 101 3 98 14 75 17 91 2 110 1I1031A 131 84 5 76 171 96 241103 21107 10 1 28©30c 12c llc small geese 12c 22c CHICAGO Julv (API — Butter was steady to firm Friday j and 'prices were unchanged 'BAN FRANCISCO Cal July 9 (AP81 Butter: 62 score U80A) c 89 90 31 Eggs and cheese unchanged 33c 28c LOS ANGELES July 9 (AP) — Produce exchange receipts: Butter 97600 pounds cheese none eggs none Butter — 92 score 34c 27c canclean extras Eggs —Candled dled large standards 23c candled medium extras 23c to 3 ' Poultry: Friers Leghorns 2 "M pounds 17c Investment Companies — New York NEW YORK July 6 Security (AP) Dealers' association : Bid t $2162 4 50 Bullock Fund Can Inv Fund Corporate Trust do A A do AA 2 95 2 3 mod Dividend Stirs Fund Inv Iuc Fund Tr Shra A do 23 80 U 07 85-- 17 5 66 B Maryland Fund Sec Nation "Wide A n do vot 12 18 88 39" 1650 00 70 2 do $23 37 4 90 18 4 Quar Inc Bhrs Stand Utll Inc 8uoer of Am Tr D U 8 Elec L A Pow Asked 49 44 02 1785 86 9 do vol I 782 260 99 54 55-- 93 a 07 Sugar Market NEW 'YORK f AP)— Sugar fu July tures were steadier Friday on further trade covering and commission house buying promoted by the steadiness of the spot market and better movement of refined as result of warmer weather July No 3 sold up to 254 and January to 2 42 or 1 tn 2 polnta net higher In the No 4 contract September sold st 121 and May at 132 or 1 to 2 points net higher with the market at 2 p m at or within a point of the best The market eased at the close on Increased liquidation ou word that the Washington admltilatration opnoaed certain phasea of the new sugar bill No 3 futures closed easy 1 to 3 lower tales 23050 tone July 249b: Reptember 249b November 151b January 239b March 239b May 2430 bBid 1 97 101 98 J5 91 1 ah- vlous day 1 033300: week ago 8:18 7:i't vesr a?o 1689900: two yeara ago 1007 -897 January 1 to date 233088207 year aao 269473790 two years sgo tons in June Loadings Reported WASHINGTON July 9 UP)— The Association of American Railroads Friday reported 806168 cars of rev enue freight were loaded during the CONNECTIONS Wool Market 5d ld L Bank Clearings - ir' v TotalV Foreign Exchange 495: " iv WITH E PIERCE A — Lot Angeles Salt Lake liabilities— 1 ' - States government guaranteed and discounts obligations direct andor fully Louis - Fell A 3000000 —V 4200000 — lfwooooo 3000000 4200000 " $ 7200000 : " ' ' fM rfiv mwnvit nmrit n a tn law dennaeis and the and above and abova nf bank named that k nruunt the statement of the condition ot foregoing report contains a full true and correct — n TllW 1 QlT k w the said Dans at tne cion m wuaiuoaa yu wo Ok jnairv&i4U a vai Awn Correct— Attest : 'JAMES W COLLINS ' LEON SWEET J R—BRUFF -— LlrSOtOrSL tit ::— Subscribed and word to before me wis tn aay oi Juiy PREECE Lj J (Seal) Lake City Utah NoUry Piibllo scalding My commission will expire May 9 1940 r Stat" nf OtahOfflce of Brink Commissioner I Rulon F Starley Bank Commissioner or tne state of Utah ao nerenv certify that the foregoing 1 a true and correct copy of the statement of the above named company filed in my office on July 9 1937 at ei AHLX x nana: commissioner n BONDS Idaho CO TOTAL PLEDGED of Bait Lake— s State of Utah v-Countv — rt1 i Ure PETTfr Morris COMMODITIES at f - TOTAL PLEDGED excluding rediscounts Pledged: Against deposit iff trust department With state authorities to qualify for the exercise of fiduciary power a commission basis STOCKS TRUST COMPANY TRACY LOAN in every market on NEW YORK July 9 (AP)— Following are the bid and asked quotations furnished by the New York security dealers on New York bank and trust company stocks traded Friday on an over the counter basis: BANK AND TRUST Bid Asked 32 Bank of Man 34: 67 69 Bankers Tr-- Cen Han Bk A Tr 124 127 61 Chase Natl 62 Chem Bk A Tr 64: 16 17 Cont Bk A Tr 327 132 Guaranty Tr 15 16 Tr Irving 53 55 Manufacturers Tr 47 45 Natl City INSURANCE 48 50 Aetna Ins 27 Si 29 Aetna Lrf 8 7V Bait Amer 23 25 Carolina 30 32 Frank Firs 37 35 Home Ins 9 11 Natl Liberty t 65 83 U 8 Firs 53' 44c ilt V N Y Bank Stocks last Saturday an increase of 32435 cars or 42 per cent compared with the preceding week an increase of 158465 or 241 per cent compared with a year ago and an increase of 335042 or 711 per cent compared week ending This was United PRIVATE 1936 Increase in Freight cure WIRR - -- 08 with-twpound company are: Lead years ago copper 1365a a pound — Bar illvep— Kin vrmic Julv (AP) 8teady and unchanged at BOSTON Julv 9 (AP) — The wool msrket LONDON (AP)— Bar silver— July St 20 Firmer up (sterling continued quiet Friday Few Inquiries were tn 1 Olrl receiveo to 140t Quotations on snot wools were fullv main Bar gold— Increased to $3478) tained Good French combing length fine (Sterling pries equivalent territory wools in original baea were minted Money and dlacount ratea — Unchanged mostly 95 497 cents scoured basis for spot LONDON July 9 (AP)— Copper— Stand- supplies Snort Frsnch combing and clothing length 8s 3d ard spot and future 56 pounds asked fins territory wools In original bags were f electrolytic spot bid 62 pounds available for 01 fit 93 cents scoured basis "Tln-Spot and future 263 pounds 5s Lead— Spot 24 pounds 16s 3d futures"zKc-Spfuturs 22 Flour pound 10 ot' MINNEAPOLIS Julv 9 f AP) — Flour — S pound 13s td cotton Carload lots per barrel In er— $231435900 sacks: S735 Thursday bank debits NEW YORK July 9 Family patents unchanged 23HOBOUU last year 41755 future 1460 lower and 20c standard 8780 Same day patents spot Quiet electrolytic 291829967 Friday bank clearings ©780 shipments 20717 224022773 Same day last year near-b- y 6937 ? rure nran — azbdu i i uu XTlnEa1yVot0nd A en Tf(Hl 5887 Lead — Quiet spot New York 600 J ni - Q Tiiia 8 85 Lout spot and STATE BANKING DEPARTMENT Zinc— Oulet East St State Capitol U "aluminum 8 ALT LAKE CITY UTAH antimony quicksilver Iron ramus— Unchanged wolf and REPORT OF CONDITION OF platinum NEW YORK July 9 AP)— Call money 1 per eeiu an nay —Steady naoeri — 1 per cent 'nmmn i i Of Bait Lake City in the State of Utah a member of the Federal Reserve 60-9- 0 days 1 Time loans — 8teady 1037 1 System at the close of business on June 30 6 per cent months — Unchanged t Published In accordance) with calls made by the Bank Commissioner of TJtah rate — New York Reserva and the Federal Reserve Bank of this district on a date fixed by the Board or Riiacout cent rea-er- sl per bank 1 Governors of the Federal Reserve System pursuant to the provision of the ( Reserve Act YORK July 9 (AP)— Leed fijturea Closed steady unchanged sales 60000 $102798880 Loans and discounts pounds: aiarcn —onim None Closed atesdy unchanged Overdraft Zinc futures ' no sales United States government obligations direct andiOr fully 66210889 nNomlnal guaranteed (Par value $66437500) 2260700 Other bonds stocks and securities Montreal Silver Banking house 88432846 Furniture fixtures and vault 10240387 Tnlv 0 (AP) — Silver fUIfOMTArtl ' $1807541 21860 34 turee —Closed firmer 10 higher: no sale : Real estate owned other than banking house 0366909 July '4490b September 4463b DecemReserve with Federal Reserve bank j ber 4460b Cash balances with other banks and cash Items In bBld 20929022 process of collection 3277644 Other assets 1219291365 —LIABILITIES — — NEW YORK $129064504 July 9 fe (AP)— Foreign Time deposits of Individuals partnerships and corporations exchange ateady '(Great Britain In dollars M00000 Secu°rKl other In rente) : by the pledge of Joans andlor Investment cable Not secured by the pledge ot loans and or investments 126064504 Oreat Britain demand 495 y bill '494 $129064504 TOTAL DEPOSITS cables 387 V4 France demand 387 None Bills payable 526 cable demand 526 Italy ' None' Rediscounts Demands: Belgium 1684 Germany Interest taxes and other expenses acjrued and unpaid 19871 01 ' free 4018: registered 2355: trsvel 277S: (Reserve for taxes and interest) 29438304 Holland 5499: Norway 2493 Sweden Other ' ' liabilities Finland 219V4 Denmark 2215: 2557: Por-tuga- il Capital account: Swltierland 2289 Spain unquoted: None 451: Greece 91 V Poland 1895: Capital note and debentures I Caecho-Slovak349 Jugoslavia 231 First preierrea siocn 1000 shares par $100 per Rumania Austria 1880n Htincary 1980 t 25000000 share not retlrable 75: Arnntlna 3300n Braell 880n share 1500 shares par'$100 per J Common stock Tokvo 2881: Shanghai 2980 Hotmkonsr 20000000 Montreal In 3033: Mexico City 2785: Surplus 13800366 New York In Montreal Undivided nroflts— net New York 9981 58800364 lOOlRai j ACCOUNT TOTAL CAPITAL nNomlnal ' 2 192913 63 ACCOUNT CAPITAL wvrat' TNratmiMO MEMORANDUM: Loans and Investments pledged to se We execute orders - YORK July 9 CP)—Do zinc production in June to 80526 tons compared with 44873 tons in the same month last year the American Bureau of Metal Statistics reported Friday May production was 55012 tons Stocks the at end of June totaled 14081 ton) against 84855 tons last year while domestic shipments amounted to 50219 tons compared with 41582 NEW 98 18c 16170: ateadr extra Eggs— Receipts firsts local 21c cars 21 c: fresh graded firsts local 20 c cars 21 c current receipts 2014c storage sacked firsts 22c storage packed extras PntBlna — Rneints 124: on traek 230: total U 8 ahlpments 965: California White Rose barelv steady slightly weaker tendency other atock "steady : supplies moderate dem"rt good Racked per cwt: California White Rone U 8 No 1 $220 Irfuhn Bliss Triifi)2ao mostW umphs U 8 No 1 car $250 snore of Bristol bay mestic taled 66 105 103 86 84 77 unchanged Ests— Receipts 20349: ateady muted 84 84 21 c other mixed prices colors firsts 76 76 o" resais 01 premium - ft IP aoPAL 6S2025A unchanged 1A wnires 98 96 :!1 tfi 32 Mic: near-b- y and midmarks 103 103 601 ex- So Cal Ed western premium marks 107 107 BU 41 change specials 27 c browns extra fancy St doGAE6s35cV ct 2170 I 70 70 near-b- y mediums 24® 26c: 92 201 92 92 other whites browns and duck egga un- Utah pLszuaaA 911 07 1 94 97 Via 4t changed Egg futurea cloasd slightly easier 1X7 doh 4nas 105 '105 21105 Lt5s58 car sales uctober 1 firsts Refrigeration 105 105 11105 Wash Wat P5s60' 21 57 57 67 N tin 6s 441 u 96 96 23 97 CHICAGO Julv 9 (AP) — Live poultr- y- Wso PAL 4B 66 A 8 over hens share Receipts 82 trucks strong Total stock acles Friday 236000 5 pounds and less pounds 4ia 7ou snaree iuiw uunu lecnorn nens lac tryers coiorea mo Frida? $l50d00O year' ago $2606000- rocks nivmntith and white 23c: barebacks 20c colored 18c: broilers Plymouth and white rocks 21c barebacks 17o leghorna 22c 19c springs colored Plymouth rocks 23Vc: whits rocks 24c: barebacks 19o 13c turroosters 14c: leghorn roosters rek- a Utah ameltirs keys hens 15c toms 14c No 2 turkeys Smelting and Re-finl- nr pounds ported by the American 13c: ducks white and colored 4 60 a 2931c field Cape Peirce about 50 miles south west of Goodnews Bay is on the Production Mounts 72 110llO 1031A 103 Vi for Domestic Zinc 103 106 107 91 106 54 166 98 97 100 97 74 91 scramble Friday Prospectors chartered airplanes and boats to rush to Cape Pierce scene of the latest "find Half the residents of Platinum previously the headquarters of for tune seekers dashed for the new norm 6 77 84 72 108 on another peders claims V 2 2 4a HI F AG fur-nac- Gold Strike Stirs Alaska 17 DOMESTIC BONDS tuaies in tiwu 103 171103 Alum Co 5s 82 106 4 106 48 5s do Ltd 107 72 108 am GAR 5a 2028 91 7 91 Am PAL 68 201 6 106 1 106 f 4MiS Am Rid 54 5 54 As Eleca Dm 'Iff 56Ul 166 5 166 1 DH1UJ J " 72 7 72 fler 5a Bs nu 66 821 20 87 fit a Pw 5Ua 105 24 105 Comw Ed SS 81 103 4 104 B bo n do 3 86 6 86 Cont GAB 6s58A 84 21 85 El PAL OS HUdU 77 1 77 6s49A Fd Hlgrad 96 9 98 in PAL 5a 56 C 77 23 78 N PAL 5a 2030 B 84 1 84 Nev Cal E 5s 56: 70 14 72 NEng CAE 5s 50 105 43 108 NY PAL 67 TMT scanned the business hori favorable signs 32 Specialties and soma mines held 34 the center of the stage Aluminum lOct ia company ran up S to 148 despite strikes at Tennesssee plant New IS mont Mining gained 2 to 104 and 28?5 Sunshine Mining and Lakeshore Minea improved 60 Utilities were steady Oils sagged 3 United lias and Niagara Hudson 45 a Power climbed a little Volume totaled 236000 shares 10 3V compared with Thursday's transfers 17 of 273000 shares YU traders 13 110 301 36 19 28 NEW YORK July t W—A mounting flow of grain to market and iron ore to hungry blast has helped sustain the business stream in face of a seasonal ebb In soma of its tributaries Together grain and ore although among the leaser categoric of freight accounted for nearly half the increase 'In carloadlnga last week as reported Friday by the Association Railroads at Washington Sped by hot clear weather in many sections of the grain belt the wheat harvest sent the grain movement up to what may have been the peak or near peak for the summer — — Net Increase Grain and grain products loadings jumped 10495 cars to 61878 an increase of 9922 over the comparable period last year and were the biggest influence in lifting total loadings above 800000 to a new top for the year Testifying to brisk demand for pig iron and enlargement in steel operations generally this year ore loadings were up about 77 per cent from the 1936 week Rail men have been counting on the larger harvest including prospects of a heavier cotton yield and revival In the capital goods industries centering around steel to send loadings up to 900000 or better on the autumn upswing for the first time since recovery got under way The latest week's traffic gains particularly in miscellaneous and freight over the 1936 period were attributed in large measure to the fact last year's returns covered the Fourth of July holiday Expansion Nevertheless both grain and ore loadings were accepted in financial circles aa confirming other reports of expansion in these two vital contributors to business activity this year The bigger crop movement is proving timely to the carriers which have been in need of more business to offset advancing operating costs Rail analysts have figured June and July earnings of leading roads should show the benefit of the increased haul with shipments of ore building materials and finished products out of manufacturing centers reinforcing gains in agricultural districts 62 3 3 1 19 13 22 6 66 17 11 31 80 70 34 13 11 69 26 104 12 3! 1 8a 19 8 13 38 86 2 a 17 70 62 9 6 75 12 119 v W' Un Tel West Air 35 $ NEW YORK July 9 (AP) — Live poultry rocas 21c —By irelgnt weax oroiiera fowls colored 19 ®20c other freight prices express irregular orouera unchanged By 21'&'23c: reda leirhnnis 19ez20c: rocks 17019c: fowls colored 18tH20c: other xpreis prices unchanged uressen poultry — weaa: xrcsn cnicaene old turkeys boxes Mere western and southwestern 14 northwestern 23c O Trans Lux 42 1 oI I I I butter lb butter lb buter lb ifarcnmeni wrappea score score score 32c Total Boston stock sales Friday 14827 - 90 (IT "a Con Cop Mines 103 12 Cord Corp 116 18 ail uonu at un 61 70 do pfd 1 so o pia 1 --HZ Klec unsrs — 4! 1 Equity Corp i li 19 Excello Corp Flak Rubber IIS Ford M Can A — do itd ? Gulf Oil 5 18 Hecla Mln l: 11 Hollinc Gold 8 31 Hud Bay it A B 81 81 Humble OU Ins Co N Am 2609 70 34 Inteniat Pet 81 13 Lockheed Aire i 1 11 Mouiit City Cop Nat PAL Pfd 1B0 69 1 26 Nat Bug Ret ll 104 Newmount Mln 171 Pow 13 Hud Nlag 2 1 Wns Nlpisalng 1 110 Ohln Oil ofd 11 29 Pac G A E 1 pfd 10 3 Pennroaa 2 1 Premier Gold Pa Sd P S3 Pia 1251 712 Selected Indus 19 301 Singer Mfg 37 Std Oil Ohio 15J 19 Sunshine Mng 131 28 Technicolor Teck-Hug- h less) (Parchment wrapped A4o w EOG8 24 Tarps white henneries doa 22 Medium white henneries doa CHEESE SSill imm trlntffta Ih 18 18 Full cream longhorns lb h 19 aandwlch loaf lb Full cream 21 lb cured Triplets western Longhorns western cured lb ii V 25 Daisies Wisconsin cured lb 26 Longhorns Wisconsin cured lb UP 107 84 107 102 93 98 80 4 22 3107 8120 Produce Markets 92 91 80 Cloaa Metals and Money 107 107 ft 102 99 97 60 22 56 54' Ken Htl 4Ms on do 4V-50 8 78" StLSF do 4s 50 A Shell Un 51 Skellv Oil 4s 51 81 Sou Pac do Ore 77 8 P 8 O N J 3b 61 Studs 6s cvt 43 Un Pac 1st 4a 47 do 3US 70 U L A T 5s 44 L 5s 44 U P 5a unstamped Alleghany closed a half point lower at 90 the 5a of 1941 at 97 off 1 and the Ss o" im at 92 off Activity was attributed to an nouncement of propoaed merger terms of Alleghany and Chesapeake corporations Railroad and utility strength waa lei by a 2 rise in Utility Power and Light 5s of 1959 to 84 Changes in United States govern ment Issues were small and the fed erals were firm 18c 8 42 42 shares- iEil 93 a I 25c - 11 61 1113'I131 2 5 - - U 19 61 T 11 1 130 16 1129 9 1R! 18 lOl 30 29 29! 95i 954 104 McKAAR os 77 Mo jten 4s nAllTfl' 7 11 20I-1- im 69 Vi 105 100 V 92 V 69 11105 101 91 List Boston Stock n IB t s'tU ( 36 til 35 7 lit' 81 91 I - 4s 46 O III Cen 5a 6a 6a 5a 22 30V 29 29 Notary Public — U— M Commisnlon will expire January 23 1939 281" Residing at Salt Lake City Wahrt-2' SRi - th HA tin nt STATE OF UTAH- - Of fire of Rhli 1! SA 7t RA 15 Wslworth 151 L5l 14l I Rulon F Starley Bank Commissioner cf the State 'of Utah do herebv cer- 1 31 Si 33 Pk Al 3r tify that the foregoing is a true and correct copy of the statement of the Werd 1 T do B Tl- - J above named- company filed In my office on Julv 8 1937 Warner Plctt 1071 14! 13l B T STARLEY Bank Commissioner I 49 Wess 0 A 8 31 46 46 -- — " —— n Ot 6a 5l 91 IV :!' ta 6s l n I 103 105 103 4s 6l 3!KI 381v Al 104i 107 t5 07 S 4s lOI 65 101 50 Jtl ioaV4i '102 102 101 105 V4 128 4s 4a 3a 4s I'llR'i l'HIell'HU a n (Tn Csrhldel cal 'tTnn on Pso T'ti Air Lin Un Alrcr t'n B'scult Un Carbon 1'n Corp Un Dnnt Hn Fruit "n Has Jin US Ovnsnm U 8 lnd Al I 99 31106 1UJ 81 PRR gen no ao 7o 70 do Phlla Co 5s 67 P O E 60 P T A AC 5s 53 8 271 18HI Ot J Lfil Schenlev D Sears Rocb S 101 102 105 82 7 El 4s 64 P ft AA P— 60 70! Rstid-R- w Kirs 26 9!107 16 103 3 IAS B B OJ 97 51102 151105 20 82 291 99 51105 61104 68 Va Ry West Un 5s 51 50 do do 5a 60 66 A Wh Stl I — 3s r 811 1109 16 101 i 6s of 1950 BUTTER Si1 98 14 67 26 4s - Total pledged $ 12500000 State of Utah Countv of Salt Lake— m! Willard R Smith being first duly sworn aecordlng to law deposes and aays that he cashier of the above named bank and the above and foregoing US Ualherl OO A report contains a full true and correct statement of the condition of the said bank at the close of business on the 30th dav of June 1937 V 8 R A I U 8 Rub WILLARD R SMITH ' do lit nfl Correct— Attest:O W ADAMS T u The 67 ALT LAKE CITT 1121 103 98 4a 3s46 ij $ 5aus O 42F43 1? 8 3 Mot 89 vS i P 8s 75 CM8P do ad) os zouu CANW cv 36s 49 66 Cin OAS CI u r Vit 77 u I 5s 43 Col F do 5S 70 Colum O 5a 51 46: Con Edla R Rand 4 Rep Steel 43 f ri-- 111103 18 96 29 69 '122 a at points off close 2' 82X4 103 4s u U l 83 112V4 SI103 OWRRAN 26 30 20 ASSETS Bcrvel a D Loans and dlaconnta t t 456214 38 Sharp union stieu United Btates government obligations direct ana or luily guar do pf anteed 665J51321 811 K Coal " "Other bonds! itockj and securities 59806058 Simmons 200000 00 Hkelly Oil Banking house $20000000 furniture and fixtures none steal eat&t owned otner tnan DanKing nouse 3778401 8oco-Vac- " " Sou Cal Edl Omsh balance with other banks and cash Items in process of Pao collection 342459895 Sou Sou Ry Other asset 155472 Snerrv Cor Std Rrands Total $1638672583 stddo oofa eiI LIABILITIES Std Oil Call Demand deposits of Individuals partnerships and corporations $ 14916025 Ptil Oil Inril Time deposits of Individuals 13 978 369 83 Std Oil N Jl partnerships and corporations Stew-Warcertified and cashiers'' checks out- Deposits of other banks tone k W 123 444 74 standing etc JtiKlrtiHker Total of above Items: Suiierhcat Secured by the pledge of loans and or Investments $ 10000000 Swift A Col secured uy tne pledge of loans and or Invest Swllt lut — T— ments 1415097484 Texai Corn' Tex 0 Prodi Total deposits $1425097484 — Tex () 8nl Capital account: Tex Pac IT Common stock 10000 share par' $10000 per sharex $ 1O0O0000O Thorn t Tlle-At 50000000 Surplus Timk-ATI Undivided profits — net 63575099 R B! Tlmk Total capital account $ 213575099 Transsmer A W Air! Tr Total Including capital account Trl-Corp '$1633672583 20th C Foxl MEMORANDUM: Loans and Invertments pledged to recure liabilities: —I — United States government or and direct obligations Mnderw-KIfully 7 uanted 3a4a 4s 4a 12 J P Pullman Pure Oil Bak Purlt" — H— Ratio do 111 O 87 do No Am Co 5a 61 Nor Pac 6s 2047 do 4a 97 Pittdo of P T C p( eu uar Pr 8v Oam N a fe lt 49 42-4- 4 NYNHAHcv 3I240 Rev CAB ftcv Tnb Of Bait Lake City In the State of Utah at the close of business on June 20 17 30 35 10 85 32 40V 30 35 10 86 33 41 no rv pf ZION'S SAVINGS BANK & TRUST yy 20 17 Kiev Sll Ol Henub 2a 2a 4H Penney J C Ponn-I- J C Penn R R Pfclffer Br Phelpsn D l p Pet Phillips (Ml Rom ' STATE BANKING DEPARTMENT Stat- - Citol PAXT LAKn CITY UTAH REPORT OF CONDITION Or THE 18 24 24 33 r- -r ?r 25 01 18 r 54 37 211027 1027 1027 28 10019 10016 100 6011007 1006 1007 to in the afternoon then slipped LOAN OWNER8 Dv 3 a 81 N Y C 5s Tran H Perm Pallno Mlu 28'- - 71 15 211 40 331 131 2 Park Mot Paraffins Para Plct do pf Park Utah 7 HOME 4s 59 Pac"0EI 55 f' 3a A 52 ITT 1 Fsrm I 64 Inland 8 nt paper as 29 39 N A Avlat North Am Pao Nprth — II— Ohio Oil Otis Otis 8 61 62 83 Mi 53 Hit TUB 35 14 Mch! Y Invest' NYNHA-N Y Ship Norf A W Ol 87 12 25 39 Mi I 3!) 40 70 75 16 7 67 13 25 St NYC8tL 13611 3a OTK Nor N 22 16 8 65 7 32 Oen Bak NEW YORK July 9 (AP) — Coffee was Oen Cable Oen Cluar holdwith Santos deliveries Irregular Friday and Rio de- Oen Flee ing steady on trade supporthouse Oen Foods commission under liquidaclining tion Santos opened unchanged to 2 points Ren Mills lower and closed 1 to 8 points lower Sales Oen Mot pfd 13500 Rio opened 5 points lower and Closed 8 to 18 points lower Bales 5750 Oen Ry 8 U R Closing quotations: Santos July 1086 Oen September 1046: December 1008: March Oen Th Eo I 0S2 May 987 j Rio Julv 701 September Olllette 861 December 682 March 874 May Ooodrlrh 28 FARM 42-4- 7 3s4s Macv R H MsKnti Cop Mar F e d New Indus N Y Cent 39 16 113 Widest fluctuations appeared In MORTOAOB Sa of 1950 stamped 8H01 20 101201101 2u Alleghany 1110217- 10217 10217 which rose 2 1103 103 21103 pointi in aarly trading FEDERAL 3s slightly 163 97311 49-5- Erla rf 5s 75 do gn In 4s 961 M Ao 38 46 51 do 86! Goodrich 22 8 Nat Biscuit N Cah R Nat Dy Pr Nat f Rlrs Nat Platlll Nat Lead Nat P 4 Lt Natl Stl 3 137 19 70 8T r Nash-Kei- 12 177 32 38 19 76 16 B7 do pf Monsanto Mont Ward Moth Lode Mot Prod 12 81177 21 32 II St C M KftT Mo Pac U 16 68-5- 9 DAAROW 5s 55 do 5s 55 aad Mot Whl Murray Cp 50 1SH Ml 12 81 M Pet Midland Stl Mlnn-Im do or S! a n 4" 2:113 2 18 61-5- 2a49 Con Men eel l 135 28 39 16 113 22 40 l 1231 106 45-4- 7 a 3s oo NT4s51 31 Conam P 3s 65 do 2a 65 42 U7 Mesta 102 10 137 at ( day Alum Co Am Am City P A L Am cyan js Am lias El UW fid T Am Light Low ISalesl High 5 601146 B 4 32 34 65-6- ao ConOas Mciutyre McK A R 7i Cotton Coffee Market 1 19 35 41 My McCrory 45 29 21 ofd rjzaj 127 5!128127 ard A Nash M— Mack Trkai - 2 c WhA Ir Lou — 3D Mi narrowly and finished ir Issues totaled regularly Friday $7441000 against $9298000 Thurs moved 15t— NEW curb aa slowed volume Blackened Moat gains were held from fractions to a point as (Salsa In Huiidreda) onds 45-4- 7 Can N Rv 4Vs 57 60 Can Pao do 4S Hero Cen Pac 5s 60 do 1st 4s 49 Certaln-t46 — a— Lone 2s 2S 2S 2s 2S o-- — Man Loew's 2 16 B8Vt 1230 1234 1237 1237 12 55 middling 1305 J LIKR 14 36 102 Del Hud L at W Det Edls NEW YORK July 9 (AP)— Cotton ral- niKt C Sea lied Friday on active Wall street buying Dome M t a tlma when contract! wert scarce Doug Aire figures D P de N Thursday's government aeemed to hava brought tn further outslds —r— Rill buying which carried October up It trom aon Fast 1238 to 1253 In mlda'ternoon Kid East at 1247 with nricaa generally 8 to 14 Raton Mfgl points net higher FI Auto U Futures cloaea very steady 14 to 22 P u signer $6 pfd LOW Last High rfd 48 12 48 1230 July R R 1257 Erie October 1258 1238 1248 Eu Vac CI 1249 1250 - Cen Ray Kress 8 Hi Kroa Oroo Iv Lambert Lehl P Cem Lehman Lerner Strsl Lib VfcNALI 04 38V4I 3R e i :i 41 70-70 14 14 2i 44 44-4- 6 46-4- H Int Bus M Int Harvest! A Int Int Hhoecan lut a T Int—T — 7V4 105 158 W-B- 10922110922 6105 18 10514 J3I1DH10 IDS 8 81 10614 10610 5a 2000 D Beth Stl 60 66 do 66 Brk M T Inland Htl lusplr Cop Interlske 38 lof 3 2 4 h 3a 3a 3s B Mot Illinois Inriust 6 T12 B Hupp 14 3 BTOCKS t NEW YORK July fa Following on the exchange: 1 46-5- 8 5s 3a 4s KresKS 8 8 8fiI ' NEW YORK (AP)— a list of Friday'sJuly transactions York curb 30 IS The Associated Press averages of am Hup row As a A El A 24 10924 6 10514 railroad and utility binds wen Bliss K W IT Jn Blue Kldna 1068 3 2 10811J slightly higher at the close the in' Bunk Hill A B 1 1042NI1U4ZSI Id Carrier Corp 11 J 1 02271 102 ZT diutrial bond average 47 103 was a little Cen HtHexEl 10 Chi'S 20 10024 10021 1002 Shaft 100 41 102221102201 10220 lower the foreign issue average un- - utiles Berv 65 2 10218110218 102 1H r 1 uu yiu Low yield bonds rose Claude 4 Neon Ltsi 227 9929 9927 99 29 rchanged 6 15 9925 99 23 992 Comw A so war 97 27 97 2B 97 44-5- 421 98 Alleghany 6s 44 19 92 do oa 4U 6 92 do 5a 60 4581 72 do 5a 60 ata 22 80 A A F P 6s 2030 A I 11 Cd 5MB 4U IK 1U 106iluo4 Am TAT 43 10 112 112 llVlS cv s J 15:104 1104 104 So 61 99 38 H 106 Anao Cop 50 an 98 arm 18 98 109 A T A S F 4s 051 231110 Howe Brt Hudson M Ket-- 64 4a 3 2 10618:10614 10614 41111 181111 151 111 43-4- 5 825 pf Houd-- General O N Ry John 55 4a 3a BONDS CORPORATION sales In $1000) IBaleal High Low Cloaai I 7 8 GOVERNMENT BONDS (Dollars and Thirty-Second(Bales In $1000) TREASURY Low Clo— ISalesI High 47-5S6I115 281116 27 11S Features " Stocks Bonds Bond Market U I75 (it w sue Greyhound — H— Haves Bod Hercules P Holland F Homestake 25 31 42 23 66tt 21 331 319 Advances Declines Unchanged 90 Deere - 10-2- 8 2 32 U 31 27 23 20 was up up 2V4 Deere 137 up 2 and J I Case 168 up 2 Ahead also were American Telephone at 169 Sears Roebuck December January Aiarcn atay Spot stsady conditions Cattle— Fully steady 5 lower top $1290 Hogs— Corp Republic Steel 83 Borg Warner 44H Woolworth 464 and Brlggs Manu- Paramount Electric 65 and better weather Uneven Ot Nor Ir ore ctt 39 01 Corn— Ot Atlantic Coast Line 61 Southern Pacific 48 Public Service of New Jersey 41 4 Anaconda 66 Douglas Aircraft 59 "4 Du Pont Farm Canadian rain Wheat— Lower reports Atlaa Corp Atiaa row Aub Auto Avlat NKW YORK July (AP) — Following are Friday's high low and closing prices of bonds on the New York stock exchange and the total Bales of each bond: Grain Iron Ore Boost Reactions The YORK July New market's forward march Car Loadings down a little Friday N Y Curb Quotations 51-5- 5 do or pf 77 V4 Oliver Quiet trade selling Chicago Asad D Od B F A T Atl Refln tral at 4014 Chesapeake corporation 8 Coffee— Total Issues While steel labor developments were - not particularly disturbing U S Steel and Bethlehem slipped s each the former to 108T and the Crucible Steel and latter to 90 Inland Steel though were up more than a point each On the downside were N Y Cen- facturing 42 " Caterpillar Tractor at 1 : 103 Goodyear Bond Prices Stock Prices I Mixed Trend Exchange Quotations Reactions (Salea In Hundreds) NEW YORK July UP)— After advancing for seven consecutive sesfaaleal HlghJ Low Close sions the atock market Friday gave ground under mild profit-takinAdams Ex 5 Recently strong- steels' motors and Air Reduo 124s led the At retreat the f"n (j"kh quiet rajls 4 same time advances were plentiful a c Dye 228 ion at the close with farm implements and specialties conspicuous on the upside news generally was Business pleasing but brokers found many of AA CA Hugar F Pow their customers Inclined to cash In some of their gains after the lengthy recovery on the theory a setback was ovesdue Analysis were cheered by the fact Volume dwindled appreciably on the decline and that closing recessions generally were confined to fractions 1937 10 Beat Big Board StocI 156 JULY THE SALT LAKE TRIBUNE SATURDAY MORNING 2& i - r |