Show IIE SALT LAKE TOIBUNE 'WEDNESDAY MORNING 'AUGUST 11 1937 Trend to Stock Market ing Steels Contribute Downward Mixed Prices N-- Feature Day's Trade Prices Stock NEW YORK Aug If a Hit o( Tuesdsy's the New York etock Stocks Bonds Averages 10 (API— Following stock trsntsetlona on exchange: ' NEW TORK 10 (AP) — Following Aug low are Tuesday's high and cloaing prices of bonds on the New York stock exchange and tha total salea of each bond: v SfOCKS - -- 6:238-20- Alll-C- HI 39-- shares Am Transfers totaled Am Am compared with 782190 Monday The Am 60 Press Associated average of Am stocks was unchanged it 695 was weak Bethlehem Steel throughout It dropped IV to 100 8 The company confirmed reports it would offer 48000000 new deben tures to stockholders It was under stood the cash would go toward ex pension and the payment of matur ing obligations U S Steel was down 8 at 118 8 The corporation announced July shipments were the best for this month since 1929 but under the June aggregate due partly to lengthened Independenoe day holi (Ran: Kl 8 Stl Fdl Suf R T a T Am Type Am W Wkil Am Woolen do of Am Z pr pf Fl Auaconaa Anch C Df Armour III Aviation Baidw 10? Ml 11 18S4 10 hi 29 79 122 17V4I Berber Co Barnedall Bendix Avll Beth Steel dO S Df schedules Air Coppers failed to reflect a jump Boeing conn umi In the export price to 15 cents a isoraen a new a The since April top pound Brlffs Mfg metal was later sold abroad at 1490 Bridgeport yrue-cents There was talk or lilting the domestic rate although pro ducers were said to be reluctant to take the step at this ime Down fractions were Anaconda at 62 8 Blaw-Kno- x 154s 79 M 8B 1 344 45U at 6-- 8 j ta earnifrgs Goodrich statement at 38 8 and 6-- 43 3-- 8 75l J5V 29 13 17 16 63 Metals and Money r Utitl smelters re Bemsmstlt prices Bmsltmg ana Reported by the American fining company are: Lead 6 2? pants a Deere — on- - rtta 24 Tit B04l 49 Ohio Oil Ollv Faro Otla Elev Otis Rtl Cmulll — 01 135 U 13 I 23 40 67 180 135 Wit 694 Bcraw R Firs T a 33 1 iVi 1 4 13 Oen LONDON Aug 10 (AP)— Closing: Cop- uen Baking isronse per—Standard apot 58 pounda 18a Bd fu- Oen Cable ture 59 pounda 2s 6d electrolytic apot bid Oen Cigar 67 aaked 66pounds Elec pounda Tin — Spot 267 pounda 15a future 386 Qan Oen Foods Oen Mills Blda: Lead — Spot 22 pounds 16a 3d Gen Motors future 23 pounds 2s6d Oen Ry Si Zinc — apot 24 pounda 13a Sd future Oen R 1 SI pounds 18a 8d Oen The EqJ tilllSUS NEW TORK Aug 10 (AP Call money Goodrich —Steady 1 per cent all day Goodyear Prima commercial paper— 1 per cent OrahamP Time loans— Steady 60 to 90 days 1H Oranby CM 9cr cent four to six months per cant fill not ir Bankers acceptances — Unchanged Ore ctf Rediscount rata— New York Reserve Ot N Rv pf at W Sugar 118 114 160mi60V4j 30 39 11 98 33 Pitt Poa 8314 241 US 12 Jl 544 25ii 44H 13H 66 2Si 44 11 13l 11 Vi 63U 231 21 WILL BTjy 'AT 300 500 800 500 100 IOQl MARKET 25 40 £ 33 41H 40 rr Pr JEsUbUshCw U9 21100 141100 141100 14 FARM MORTGAGE 11102171102 17102 17 OWNERS LOAN 151101101 101 8 1018 3 100 31 100 29 10029 461103 2 103 1 1031 FEDERAL 2S 47-4- Alleghany 5s 44 do 5s 50 sts AmAForP 5s 20301 AMIOCh 5 Mil 491 431 Am TAT do cv 4Vil 361 do 34s 61 Anaconda 4M8 50 Arm uei 4a 55 ?2 1 2H07 6J112V4 ao j'hiT 4Vii M Bkly Can Nat 4Vn 66 ss w uan rao do 4S Cen Pac do 1st 2i 76 261106 281 97 l5l 88 1134 94 94 109 I 241103S4 19H 86 42 201 n tv It Corp 'ft 1 304 10 H xs 15 49 22Vi 15 49 ' 294 ?5H 9 21 45 12 12 26 2104 661 90 101 25 25 1125 ?5vj 11WVS 100 Ill07m07ll07 100 63 21 — srtoT 120 98 176 103 Vi 42 Ptct 07 175 103 132 2 3 21 W 23 99 94 fl 93 97 108 98 110 -- 113Vi 1131 98V 98 V 99 Vi 99 102 102 V4 14 105 Vi 31 Vi 90 89 101 Vi 105 IS 2ti 48 4214 15514 iO 1 mixed 31 31 89 89 88 101 roiit B9 101 2011034 103I103 761148 Timothy c: No 1 white 1146141146 BOND8 S1000) CHICAGO Aug Open - Wheat Sept S112 Dec May Born — Sept Dec 69 70 May 113 114 105 105 69V4 70V Oats— 301 30 32Vi 100 100 1172 1180 1130 Jan 1130 - Hemes— Sept Oct Deo 100 14 99 100 joined by American Metal Howell and New Quincy 'Park City Consolidated surrendered an additional part of its recent large gain but rallied feebly in late trading ' American Metal opened at 2V4 cents up 1 from Its last previous and Pittsburgh Plate Glass 120 8 sale several weeks ago advanced to 3ft and reacted to VA with 32 up 58 Cord corporation finished at 500 shares changing hands New 8 on Quincy opened at 11 cents up 1 and Higher among utilities were Elec rose to 14 on a volume of 6000 n Niagara-Hudsotrie Bond & Share shares Howell climbed to 5K cents Power United Gas and United Light up but reacted to 6 4 Power Tintie Standard advanced to $840 Sales totaled 166000 shares up 10 cents' New Park to JMVi cents up 3H Iron King to 37 up 2 against 200000 yesterday Combined Metals to 28 up 2 and West Toledo to 5V4 up a quarter gain of 1 7--8 to close at 134 8 Other gainers included Aluminum Company of America which finished at 154 American nip Cyanamid "BM 3 8 up 8 Montgomery Ward "A" 146V4 up Airways 65 8 tip 8 7-- t-- Comw at 80 war Con COD Mines Cord Corp " Cosden Pet CI Bond Shsrs do pfd do 5 Dfd Flee Share pfd ' Equity Corp Excello Corp 5-- 4' Oil llecla Mln Hud Bay M8 Humble Oil Ins Co N Am Internet Pet Mt City Copper Nat PL pfd Nat Sug Ref Nmv ROCK SPRINGS Wyo— UUh haa a new gas welL Mountain Fuel Supply's E S Lauzer in Clay Basin Daggett county has been completed with a daily flow of 14000000 cubic s x FL feet gas' Moscow advanced to 4V4 cents up a half cent but reacted to 3 with 16000 shares trading Miller Hill opened at 24 cents off a half eent but recovered to 2 on a volume of 14400 shares Park City Consolidated opened at 41 cens off 1 dropped to 39 and rallied to 39 '4 with 9300 shares Ohio Copper changing hands opened unchanged at 29 cents sagged to 28 and recovered to 29 Cardiff yielded to 35 cents off 2 rallying to 36 Zuma slumped to 27 H cents off VA Chief Consolidated to 93 off 1 Clayton Silver to 72 off 1 and Comet Coalition to 68 off 1 Walker sold unchanged at $3 Steel Shipments Show Increase 5 2 6 7 7 MB-S- S 18 4 3 "2 1 2 4 2 5 2 3 2 e 3 5 3is of cent Mountain Fuel Supply has com' pleted this Utah well at 8700 feet and has skidded ths rig 1H miles northwest to tha Keith Smith lease drilling to atart there within the coming week In addition to the Lauzer well in Clay Basin Utah the company re cently completed the shallowest well in the Rock Springs area when it bottomed the Williams gas well on Checokee ridge at 840 feet with 2000000 feet daily This well was originally planned for a water well to be used to supply waterfor an oil hiptest on Cherokee ridge north of NEW YORK Aug 10 ments of finished products by the the Powder Wash oil field United States Steel corporation in £186752 tons a JulynsmoTffitedrto decrease of 81798 tons from 1268 Earnings 2 5s Well Taps Clay Basin G(fs Teck-Hug- h 4s -- 1-- 7-- Fanny Farmer Flsk Rub Ford M Can A Ford M Fran III PAL 5s5 6 C ind El es 47 Ind PAL 5s 57 A LMCNAL 5s 42 N PAL 5S 2030 B NSV C K 5s5 6 N B GAB Ss 50 NYPALt 67 NYSE AO 4 Vis 80 n u as4 s ukis PAL 5 55 Pac P O LAC 4s 81 B Phlla El P SVis 72 P 8 N III 4 81 Fl 49 P 8 do 41JS 50 D 8 W P 4 lis 88 B SEPAL 6s 2025 A 601 80 Cal Ed 3 GAB 6s 35 cv ct Toledo Ed 5S8 2 Waeh O Lt 5s 58 Wash W P Ss 80 i being p NEW TORK Au 10 fAPl —New Jer sey Zlne company reported net income for me june quarter 01 4Z151V41 equal to 650 in June In July last year shipments jr 8T ooujio : Western" Union Teleerai comnanv re- - ments were 8801026 tons an inported net Income for the six monuis enaea crease of 2818825 tons or 4T per June 30 of $2132233 equal to $204 a cent over shipments for the com- a wun or azvz ureusrecompare nan ox in uie iirsi ajuool44 paramo period of 1936 a Net operating- - Income of American Telephone and Telearanh comnanv In June wee $2264000 $1534613 eompared with $1413969 for me eame monm last year jror six monlna 8 the figures wer $10636387 against WASHINGTON ins 10 f API Tha m In like period of 1936 The report covers operating activities only excluding sit Ion of ths treaeury August 7: Receipts $2824702614 expendituresNEW YORK Aug IO (JtP)—Leading nonoperating income ana cnarges balance $1827777$1047346831: muivifHD currencieji dk ihm in rnMin Customs receipts fog the Julius Ravser eomnanr hosiery makers 77735708 month $1036415375 cent and and distributors for ths fiscal year ended u ine pouna sterling lost the fiscal year (sines July Receipts for the French franc 00 V4 -- of a cent Tha June 30 reported net Income of $917985 1) $59333880837: expenditures $849 nouano gunner aroppca ui of a cent and aiier - prorita— iiirrax oseemeir-Hiiciudi- ng ieneraLungisirinuien$244439014 cam xne ana-iquor to common a share 1218 excess of exagainst emergency expenditures): dian dollart""""?? lost a cent $635842 or $151 In ths preceding fiscal penditures $25574818854 Gross debt me dollar In Londonof gained a year of a of $16)-5387- 4 decrease $3881249528082 cent to close at 498 Va to the pound while under the previous day Oold assets ths American unit In Parle closed at the $12 475058777 Ii9 Including $1214636-0333- 1 equivalent of 3754 centa to the franc of Inactive gold compared with the New York overnight o los vents laicThsui federal reserve bank renorted antd -NEW TORK Aug 10 (AP) — A reor-- Rubber engaged abroad for shipment to this country loiiueq eoouuuu irom unKiana ana 000 In addition to that previously reported year-ol-d paper and pulp manufacturing h NEW YORK Aug 10 (AP)—Crude rub- concern has been filed with tha federal iO IO KB Cloelng rates In New York follow luium viuaea uarviy Blnj uecemoer Great Britain In dollars others In centa court at Portland Me by Orton B Brown ruima lower DepiemDer lsou: nominal Tha plan contemplates ©1862: Great Britain demand 1864 4881: cables vice president January y bills 497 France demand among other thlnsa no reduction In snioKea nooea spot xs44 nominal 498fc ii Inl ksi nnn ifi4 cables ku wn 375 Italy demand 375t caDies fooWiuv to o per cent aerial bonds to Brown cor- Dznys 92oys Demands: Belgium 1683 V4 German S oration Canadian subaldiary and $6000-0- 0 Flour unsecured 5 per cent convertible aerial 3T61: travel free 4021 U: reslatarad v UTWWVlDnTTfl — 2775: Holland 5514: Norway 2505: - notes of ths parent Brown Co to Cananun ao I J yrxi J aa Ki7ll dian underwriting houses who have agreed Carload lots per Barrel Sweden Swltaer2569: Denmark 222a in cotton : we to ouy issues u ins plan is approved sacks: Family patenta 25c higher $895 lann zxvy unquoien ronugai ! 18ft-lGreece Poland 453A: ISO higher $880 standard 914: 715 patents Csecho-Slovakl- a 346 Works 700 shipments 13941 Jugoslavia 233 Listing of Baldwin Locomotive Austria 1887n Hungary 1975 Rumania voting trust' certificates for 2216748 com Bran — $2000 ® 2050 76: Antentlne 132 In: Brazil 880 tin: mon snares value on a wnen issue par Tokyo 2009 Shanghai 2965: Hongkong and regular basis has been authorized by Mexico uuy aonireai in the committee on stock liet of tha Naw juva Tork new York in gore stock exchange New 9998 7-- 1 8 Montreal 10001 The Wall Street Journal says Bethlehem Steel corporation will shortly announce an Issue of around (40000000 in convertible debentures the new money to be used for of plant facilities and redemp NEW TORK Aue IO At-f- — Coffee expansion oe run in mniiiiiiiina nniivntiAna waa lower Tuesdav on sell trade tion circles expressed tha view that and foreign account Other tri m intereats Underwriting registration ot this Issue will mark a reot tha new capital market bought New York Santos opened 2 lower and closed 2 opening lower to 3 higher Bales 10250 No 7 NEW TOR1T ana-- id DnhuhI Stocks lower steels lead quiet to and closed for upward revision of commission ratea 9 lower opened unchanged 1 to 6 lower Sales 30OO on ths New Tork atock exchange will decline Santos September advance Closing quotations: a step further Wednesday when Bonds mixed governmentlose 1055 December 1018: March 990 the law committee es expected to present No 7 some corporates gain May Its report on the question to ths governing w an r 80 July 975 If l 0September Is committee If the Dronossl annroved hv Curb uneven some utilities in 659 July 57 the law and governing committees under spot cones auil uncnaaiBea eanioa aa uie exensnge macmnery u would be placed demand 11 Vs ths final before determina membership for Foreign exchange quiet stertion FOREIGN (Sales In BONDS $1000) Ger C Mun 7s 47 - 51 25 25VI 25 Total stock salea Tuesday 166000 shares year ago 257114 shares Total oonn saies 'inesaay aiwuuuu year ago Treasnry Report Foreign Exchange 112 113 114 100 66 113 114 116 101 66 67 29 29 31 67 29 29 31 100 98 100 98 82 82 1165 1177 1 1 30 1130 1172 1182 1137 99 64 1172 1182 1137 1137 1137 1710" Minneapolis Wall Street Briefs suu ' 'MINN'BAlOTjt8":Au'( 10 i API—Wheat — Receipts 223 cars quotations cents 3 higher Cash: No 2 heavy dark northern No 1 dark northern 1364©142J 11331 m 140i : NO 2 11314 (Bl 171 No 3 6126 dl25i fancy No 1 hard Montana 14 bar cant nrotsln 11274 : No 1 dark hard or No 1 hard Montana winter nam amoer aurum no 1 20: No 2 S107S118: No 1 1110 no 1 red durum 11 -08 siiMB J Com— No a - vellow 1 11 5 116 trad- fhg basis uaebangsd: auotatlona 2 cents lower oats — no a wnlte au xisa Coffee Market Markets Glance 7) at a list ling and frano yield slightly Armstrong Cork comnanv tit California Cotton lower local and southa subsidiary of Armstrong Cork company ern hedge selling ' has purchased a 51100 NFW YORK Aug 10 ( A)Followlne Lancastera ts Pa In Los Anseles Cel suburban factory are the Wd and asked'auotationa furnished to Sugar improved trade buying ths faculties of pave for way expansion New on Tork New Coffee easier security dealers by thenana disappointing ana trust company siocks umaaa wnen assirea rorx 611 Toklo C spot demand xueaaay on an over the counter bans: Midland Steal Products corporation has Toklo S It 6s 53 oeen awarned a eon tract ay buick aiviaion BANK AND TRUST Uruaiia 6a 84 of General Motors corporation to supply Chicago Tokohama 6S 61 Asked Bid frames during the 1938 model year for Wheat strong immense Canacare constituting mora than 70 Per cant Total aales Tueeday S5414850: nrevl- Bank of Manhattan '83 V of Bulck's eus day SS292400: weak ago $5781- Barley— 44077c dian losses output Rys-- No Bankers Trust 2 81V4e83c lao year ago 1018OO0 two yeara Cen Han Bk A Tr Corn weak profit taking sales 126 123 Flax— No 1 2M®205 51 Chase National 49 Sweet clover seed — 500®600 904368700: year ago S215681500tri Cattle strong to shad higher Chem Bk 621 S C 60Vi yeara ago S2032632OOO uont br at Tr 19 top 11725 Kansas City 323 Guarantv Tr 318 Hogs steady to 10 cents lower $288751700 Monday bank debits 14 KANSAS CITT Aug 10 (API — Wheat Irving Tr 154 Rama last day 274885600 year —Keceipts 2Vi top $1370 cars: 2 cents Manufacturers Tr to 7 bank clearings 27 1891775 Tuesday National 47 45 City no oarx hard 2 s? 118 6114 higher Sams dsy last year 203073867 fcrrOT a £10 a o nw no x nam What the Stock Market Did INBURANCB! No 3 S107O113: No or dw iorn secuniy aoaierr association $109Viei15 2 red Sl12ibil12Vi: T Na 3 1108 Aetna Ins 47 49 l anon I 109V& Bid Close: SeDtemher S107U: De Aetna Life Dried FtuUiaJIops Asked 31 314 Advances 248 380 8 Amer Bait Bullock Fund 2T YORK NEW 2237Vi 10 (AP)— 2412 Evaporated Aug sut can 1 cents Carolina 25 Declines 323 197 Can Inv Fund apples-stea-dy choice lOUfco 460 to cents 3 lower Fire No 2 Frank white 324 nigner 304 Tr — a Corporate 3 00 rrunes Hteaoy: cauiornia 186 168 H Unchanged nominal 3Si'J 34 Mi 1113 117: No 3 nominal Home Ins no a A 30-4- 0e 87 3 4Tregon Al'4c 70Sc xio 4 yenow 9H 84 nominal National Liberty do A A mod Other dried- - fruits unchanged 372 U no 66 Fire B44 3 nominal 115 8111 Dividend Bhrs Viiv 2 Total 16 201 issues 757 745 Hops—Quiet and unchanged 116: Na 2 mixed nominal Slliai15: Fund Invsalors Ina 25 85 2448 No 3 nominal II 081 13 Cloaa: Sep-Fund Tr Bhrs A 6 36 713 lemDer 4ac: Aiecember aaac: hit do B 5 84 66eVi io 'si Maryland Fund 986 oats— Receipts 18 cars: sa cent higher Nationwide See 4 63 4 53 no t wnite nominal cent lower to da vot 214 230 10 BOSTOrf Aua Tha 2 Ine Shrs no a 2vc 20 Quarterly Inc 00 1828 svHVJie wool market was quiet today but quota-LioStand Utll mho maize— nominal 89 eai au 96 were steady suner or Am Tpn n on Kaffir— Nominal $130 ©i4i 138 Fair auallty fins Ohio rjeiame wools were U 8 Elect Lt sV fon A 1725 Rye — Nominal 806 82c i7!75' orrerea at mail cenis in an gresse wun Barlar— NominaL 43 la) S3c 272 282 their best do vot !!!!!'!!! No 1 hard and dark hard svheat 6 to some holders firm at 42 cents onhalf 1 10 103 blood lots Stapls combing lengths 16 cents over September: No 2 hard and Ohio tleecea were available at 42 43 centa to 14 cents over No 1 in tha grease although soma asked above- dark hard 3 rea wneat r 10 s cents over: no a red uus range 10 svt cents over: no 2 wnita corn 17 Ohie fleeeea fTnmhin three elehthe lane-ti- l to 19 cents over No 1 yellow corn 20 to wre offered at 43 044 eenta In the grease cent over: No 2 mixed com 17 and quarter blood of similar lines could be to 21 NEW YORK Aur 1 over liPlcents -l no sales 4J cents but little sold bougnt at na Moat asking prices above these rsnres were reporteducau7 and re(lners)Kimougn were apparentlv were In action the unchanged despite Itttie unwilling to pay above tha 350 Uval n Winnipeg markeL i itr-o- 7 augaxs aoiaera to continued WINNIPKa Aug 10 (AP)—Wheat: Hfeh Closa Low were Oct An Futures trraeiitar $127 122SA $l27H 1241k $125 124U ateadlnesa on covering and haying by trade Dec 1 26V4 J26VS 1 24 and Droduclna IntareatA tha vnacC m- - May rvo uasa nernern wneat— NEW TORK Ana 10 f API— Surer fa acted partially aisav i Na 3 'Contracts advanced No 2 northern S1281A: Na 3 northern tnrea ware Irregular Tuesday No 3 ad2 to 3 poluta net higher but reacted on Cuban 124s vanced and eloaed unchanged to up 2 points partly by encouraged Salea Oats—No 3 white 53 H No S whits steadiness of ths spotsupport No 4 after market feed Ho 1 Vt 52 mtaed no 4 eontracts advanced Vi to 1 tiolnt and holding steady early reacted partially under liquidation and hedge selling on new crop positions but reacted under Around the beginning of the last hour hedging and closed unchanged to point Liverpool No 3 contracts were hoirtlna- the beat mu Mill IJHVH I DTI LIVERPOOL Alir 10 1AP— Brwit wheat or 2 to 3 points net higher withat September rrocr hchamosi Closlna nrlces: No a o srw km artmh 1 Manitoba 10a 3d: new Rosate at 258 1 No 4 wss unchanged to Vt hid: 'November 1 53 nominal: Ja'nuarv —No fait Lmkt fiwi lacaaac Be 2d 9s 4Hd Australian lower aa September esssd off to 120 Vi 141 bid: March 240 Did May 243 bid mtkmf hminuj asaaaagas mi wneat tuiurea closed firm October and July to 135 uly 245 bid December 1304 March 128V futures na 3 Closed unchanged Refined was Unehsnt-er- l at 47(1 for sine 294 wneat spot— Northern Manitoba 133 Bouth Main No 1 to 2 higher sales 17700steady Wasatch 77 tone: September hill a sranulativt 5314 j 1 draws! demand was reported tachangt— 49SV4 ass4vsa sauvyu g smsmr t UAjr aitdisS N Y Bank Stocks ti9vi2ill iia: ii L Bank Clearings iiunvii9tt FUNDAMENTAL INVESTOnS is An Inrcstment Company Sugar Market JAHOGLE&XO' 10— Tha Associated Press weighted wholesale price Index of 35 to 8972 commodltlea Tuesday advanced Previous day 8969 -- week ago 8963 month ago 9155: year ago 7976 JUuisa of recent years: 1933-3- 4 4144 to- taled 950851 tons $111 a share compared with $1285593 July shipments this year were the or 64 centa a share In the June 1936 Net Income for the first six largest for any similar month since quarter months was $4351782 or $221 a share 1929 against $2339772 or $119 a share In tne first half or 1936 For the first seven months ship iuvk Closa 99 Sept 5 Vis 65 Futures 10 (AP)— Low High $114 115 117 29 Sept Dec 30 32 May Soy heana — Oct Dec 99V May Rye — 82 Sept Dec 83 84 May no oaney Lar- d- 621 50® 26Q 2 Range of Leading Raw Sugar 4! W7868-7499814 8922 JIO Oats— No 94 110 (103 31 89 exchange marked-u- Sherwin-Willia- Wool Market 15Vi 25 S9 71 31 71 84 J1626 average aqual 100) $110 a Aug 23U 32t:2Me Rye — No 1 87 A 88c No 2 86® 89c 41100 100 sales Barley — Actual 31101 Vi lOm 101 07tbic reeo nominal malting 65082c nom48550 93 B9 844 inal 100U 99 9 cwt seed-$- 28 utll-wes- v luo 60 9714 3514 i45 izu 1 low-pric- ao pia Claude Neon Lts Colt Pst F Gulf P)-- Curb en tha or (AP) —: Cash wheat i n no i nam esii iio 2 mixed No J121V4 f 115 9115 Corn — No 2 yellow $116 No 5 yellow CHICAGO — no 2 rea ubi 32 32 27 27 90 V4 90 7 a 149 174 103 40 66i66c Cash Quotations Investment Companies 118i -- wrrt 120 CHICAGO 10 Aug (AS1 — Rvelleri wheat market Jumps 5 cents a bushel at re Winnipeg1 and nearly aa much here sulted Tuesday from sensationally increased estlmatsa of Cansdlsn crop losses From official figures current Chicago trade leaders deduced that tha condition of Canada's 1937 wheat crop la tha worst on recora ana mat losses nave been augmented 16000000 to 20000000 bushels In the It wss also figured that psst 30 days as a conaequence Canada this season will have considerably under 100000000 bushels of wheat available for export and lor home needa Sudden revival Tuesday of European demand for North American wheat gave added force to tha upward sweep of values but profit taking on a largs scale caused substantial aetbacks In the market here as trsding neared an end More than 1500000 bushels of wheat from Canada and the United States about 500000 including bushels from this country wera reported as having bean bought Tuesday (or ship ment ovsraeaa t At tha cloaa Chicago wheat futures wera 3V to 3 cents above Monday's finish December $113 0113 September nl 116-cor114 ay to 2 cants down September SI 01 4 May 67 1014 December to cent off Decem e67ic: oats to 1 and rye cents ber up December 81c Provisions results were unchanged to 7 cents higher 29$29c B9 ftor PL Tr4 $ 23 5 11 7614 13 163 3314 91 132 2 Vi Chicago Grain 114r 107 108 102 100 107 102 99 99 63 20 Alum Co Am B Am City Am Cyan B Am GAB pfd Am Light AT Am Sup Power As O ft Et A Bliss F W ' Blus Rides Bunker Mill 8 Carrier Cora Cities Service Z8f29s 104 19 Vi 124 12 ! 21 61 44 97 T!119 4 Via 98 2 Vi 2211048i 5s 5s 5s V4 35 Al OAS Toting BAT 4s 61 ao J Vat 61 104 38 15 95 104 97 B8 44 104 36 37 104 6s 38 1258 34 99 OCEJJ at 7i44 II al P- - Vt 7a 821 Italy ts Bl 84 Janan Krg A T ss so et Minas o evia 58 Norwsy 4s 63 57! N Hyd El Oriint D B! Rio da J 6Vis 63 Roma 6 ias 52 48ti as 4) 66 nl 101 34 121100 West P 1st 6s 46 West Un Ss 51 no ou vs do 5s 60 Whl Stl 4 68 A Oer Gov 13 18 15 3s w-2- — Denmark XJ44 70 02 - 1 92 Total aales Tueeday 692180 previous day 752190: week ago 897806: year ago 1103820: two years ago 2367540 Jan Tear ago uary a tw uie 303479304 two yeara ago 173352122 r 211 POREIOl (Salea in Abltlbl PAP 6s 53 Antwero 5s 58 Australia 5s 55 ao 4Vss as Brasil 8s 41 do 6 Us 26-5Canada 4a' 60 Colom 6a 61 Oct Copenhagen 5 62 13 Mint 12 l West Paclf Weat U Tel Westlnr Air West FAU White Mot Co Wilson Woolworth Worth PaVM) -- 95 Un Pac 1st 4s 47 do 3Mts 70' Utah LATr 6s 44 Utah PAL 5s 44 Va Ry 34 63 98 281 lO0 m04V4 B Asl wrtRier 4a 3s StLHK 485 0 A Shell Un 3 Mis 81 Skelly Oil 4s 51 Sou Psc 4 Vis 81 do 46 do 4 Vis Ore 77 Std Oil N J 3s 61 Studs 6a cvt 45 52 Ml Vanadium — w— Walgreen do pf wwj Walworth Ward Bk A do B Toung 63 V? 106 10114 94 Vt 4s 4s Co 102 10114 105 125 83 106 105 126H a Reo Steel 5Ms 84 do 56 do 50 Rev CAB 414 56 Rich Oil 8s 44 a ii 102 101 4 81 deb 701 70 Phlla Co Ss 67 E 4Mis 80 Port rost istt os 63 4 Us 56 S4 - Weea 1U1 V HlgM - ' NEVV YORK Aug 10 stock 'finished without a definite trend Tuesday with fractional gains issues and losses sprinkled throughout the Tha advance in Low Close list gathered fresh momentum in Tues- Selected Industrials moved into day's session on the Salt Lake stock 3V4 higher ground along with some Moscow ind Miller Hill (API— Following - 104 4a61 4i 4 Pao OAK1 119 39 63 do A Warn 46 85 00 100 106 3s 8 In Leath 8 Re St I U 8 Rubber! do 1 pfd u es pteei do Pfd 254 34a o 40 NYNHAH cv 6s 481 do 4 Ml S 67 No Am-C- o 6s 61 No Pac 6s 2047 00 4S U7 do ao Carbide - U Un Un Oil Cal Un Pacific U Air Lines V Alrcr Cnrl Unit Biscuit unit Corp Unit rnig Unit Fruit J Oss Im U 8 Op pf U TT inn ?95H BHi 50 Pac 5s 7? F Pa AA gn 4Ai Bta Brands Btd OAS do Did Std Oil Call 8td Oil wInd J Btd oil Rtaw-War- n Wl Stone Rtudehaker Sunshltia M ITnder-Kl- 101 103 85 n 45 A CI Nst Dy 34s 51 NYC rf 5s 2013 aa 2013 A 424 maZ Reo Mot Repub Btl do cv pf Rav CeVBr Key Tob do B X 5V 15 14 3s 5-- 05 57 see-saw- ed 10 AO 8alea Sherwln-Wm- 76 105 nern 5s 60 4a 49 NEW YORK Aug 10 UPv— Gov ernment Joans movad gently lower on expanded volume in' an other wise quiet bond market Tuesday Losses were generally confined from to with turnover Av around eraging: $350000 face amount The domestic corporate list idly Price shifts with few exceptions were confined to minor fractions? The session continued the previous day's dawdling tactics with total transactions for wil bonds amounting to $5414850 face value compared with 0292400 on Monday ' Give Up Fractions Lower price and defaulted carrier liens met fairly persistent selling and in most case's gave up fractions The higher priced issues lumbered along without much change The Associated Press averages for 20 rail bonds showed a gain of J of a HEW YORK a list of Tuesday's transactions new iorg euro txenange: STOCKS (Sales In Hundreds) la Miiia- Stocks Score Large Gainst Reactions Industrials and utilities turned Newmount Mln in an uneventful performance Fol Niag Hud Pow Mns lowing announcement that Bethle Nipissing Pac GAB 1 pfd hem Steel corporation would short' Pennroad in convertible Premier Gold iy issue $40000000 debentures obligations of the com Technicolor Singer Mfg O pany took divergent paths The 4V4s Trans-Lu8 to 105 while the sagged Os advanced a minor fraction to 97H United Un Lt Pow A Western Air Exp Slight Gains Shown Wright Harg DOMESTIC BONDS The averages for 10 industrials (Sales In S1000) and 10 utilities showed gains of Alum 52 Co 6 6s 1 of a point to 1033 and 981 re Am GAB 5s 2028 19 Am PL 6s 2018 7 spectlvely Am Roll M 5s 48 1 Trading in foreign dollar bonds As Elec 53 6 4s was quiet with the average for 10 Bald Loc 6s 38 xw 1 8 Pow 52 such issues unchanged at 734 Jaoa- C Comw Ed 5s 4s 81 F 1 nese loans pushed up nearly a point do 3 lie 85 H 6 314 71 6 and Polish obligations were un OOILB Coot CAE 5s 58 A 23 2 changed to a little improved South Kl PALFd 5s6s 20X0 49 A 2 Hygr American bonds were mixed 3 jdano row ss 47 681 71 - Stocks Bonds point to" 911 61 80 107 112 24110414 U4U 61100 V4 100 8ll0fl 106 B B A O 6s 2000 D Bsth Steel 44i 601 Close 94 94 1 80 Sl S3 Index" Commodity NKWTORK Augi EDWARD L BURTON & CO 85 59-5- 83 Oam Bv N J U B Z C: M I Utah Oil Refining Consolidated Wagon Utah-Idah- o Sugar Common Amalgamated Sugar Common Utah Power & Light Preferred First Security Corp Ogden Zion's Savings Bank & Trust Walker Bank & Trust Western Loan 2s 2S do gen 4s 75 Mont P S4s 66 tr 12H & BIdg 65-5- 1 324 194 664 Utli PALtA 50 54-5- 1 401? Ail Tim' Roll Bl Alri W Tn-Co- ti Cor" T Can-- F 160 119 "4 2s 3s Mo Transamer 24 2160 53-4- MKAR Tim-O- at S7U 40i 23 52-4- 2 11 a Loews pf Tlde-- 1J2 2116Vi 52-4- J A L St 4V4a 61 l atlt N Inc 75 uar mTaOpl Swift 16H J is 301 66-4- Vis 314S 40 Tax uuir rri Tex Qui Tx Po L Trl Thorn Prod Thom Star 24 H 37 1A 34S 41s 2 23 3S 20 30 39 Mt 12 II Texas BOSTON Aug 10 (AP)— Following are III Cent the aalea high low and closing prices of 47-4- 5 4s jtis Sunarheat 23U Howe Sd Hudson M Hupp Mot stocks traded Tuesday on the Boston stock Indus Rsv Inner Rand exchange: Inland stl ISaleal High Low Close insnir COD i Interlake I Alb Boston 8 1284 1284 1284 Int- Htia M Boston Elev 50 5959 M S9 Int Harvest! Hv-E340 13 13 A 13 l Copper Range tj Int 8 Eaat 8 S 10 8 8 Int Nick C l:lec Gaa F As 5 5 30 S Int Halt Boston Edis 50 B94' 691 694 Int Shoe 43V4 5 Gen Capital 43 43V T Int T — K— late Rovaie V ii 250 4Vi 5 43 43Vs 43 Vi Kennecott Xlergenthaler Lino rtac Kreage 8 8 jsarracan M B70 Mat Tun 4 Krog Groc 4s hi 1181A New Eng T T 61)118X41118 North Butte Lehl 29641 P Cem 144 14 11 Old Colony It R 55 18Vs 18 Lehman 18 SVal 814 65 Qtilncy Mng 8Vi Lenier 8trs Khawmut Aasn Ct 1101 Lib McNAL! 13 13 35 38 I 38 Llcr A Mv 38 Torrinpton Unit Shoe Mach 237 67 ti 87 87 Utah Metal 2101 2UI 2 2 Lone Bt C Total Boston stock aalea 17845 sharee Loose-Bl 20 Pao QF!I Pack Mot Paraffins Par Pict do 2 pf Park Utah Patlno Mln Pennay 3 C Penn RR Pfeiffer Br PrtelDs D P X C Pet Phillips Ptl Soconv-V- 16 Boston Stock List 2VS r 18Va ?P 80 Cal Ed 8outn Pac South By s perry uorp 10 (API— Stiver PI steady 10 points lower: no Herculea Fl alea December Holland 4465b September Holly Sugarl 446nb March 4450b Hoineatake bBld Mou-He- r A da B 54-4- 4 Cen 444s 66 Inland 8(1 3is 61 ini rarer os 47 lut TAT cv 414 39 m ki immons — Aug 46-4- 4 III 35 Safe utrs 8t J Lead Schanlsy D Sears Rosb Serval D Bnarp Shall Union an uoai SIS vreynnuna —H— Haei-A- t Ol 45-4- 3 3is 4s — H 6414 IV P Pullman Pura Oil Purity Bak Radio ladld-K-l em Band an pro El Stor Bat Kris R R Eu Vao CI Fair Morse Fimtkote Freep Sul 1S8W 15V4 23 41 3&s DA ROW 5s 55 do 5s 55 asd fl O M Ac 3V4s 51 Goodrich 4V4s 56 Odyr TAR 6s 87 Ot Nor 4s 46 0 1Q2 Cp T Ship A Avlat North Am North Pac 40Vi 56A 1RO 34a 10820 ioa 20 1UH21 10821 10830 10631 10627 10827 61112181 11215 11215 1U311 1UJ11 eil0311 5111031 11031 11031 311172 11700 11700 50 10120 10120 10120 2II185 21 10521 10521 151 994 991 991 75 lOt) 20 10018' 10049 4110322110321 10321 15110115110113 10113 l'llO620 12 10621 18 10631 18110629 5is 4i uinn nK 31 J! NYCAStL Invest' N 13TH 43-4- 105 291 105 29 31 VMati-st- Im Nat Lead NPaYLt Natl 8tl New Indus N T Cent si Del LAW Dis Cor-Se- a Dome Mine Doug Aire Du P de N do deb — E— East Roll f ast Kodak Eaton Mfj El Auto I Lt £1 P do S6 pf Fed i 123 V 65 oov 14 14V4 2 38 U 22 37 U §7 103 103 H 5 Co 211105 r — N— Nuh-Kel- v N Biscuit N Cash R Nat Dy Pr N Distill 4 T7I11'4 114 Vi 21158 l 158 18Vi I ClevUX 4V4s 77 C voio l as 70 Columbia O 5s 61 Con Edls 3Us 461 m? &h do a Con G NY 4 US 51 Con Oil 3Ma M ConsumP 3 Mi s 65 Ward Murrav 27 3sJune' 3sMarch 43-4- 0 d 48 r as to 00 adi na anon CftNW cv I 49 211 88 MOta Mot Prod Mot Whl 7-- MONTREAL Averages al Mont 8 Montreal Silver 868 low R U Minti-- Lower were U S Rubber iuu high M K Mo Pac da nf Monsanto 38H made NEW YORK Aug 10 (AP) — Bar allvar —Steady and unchanged at 44C LONDON Aug 10 (AP)— Bar silver— vt — a teniae pw — seaicris rower a to aaou ceme i equivalent Bar gold — 1 penny higher at 138s 54 (Sterling equivalent to S34TT) Money and discount ratea — Unchanged NEW TORK Aug 10 (AP)— Lead futures closed easier 10 points lower Sales mo pounaa wovemoer isuuuu Zinc futuree closed easier 5 polnta lower ales 180000 pounds December 735 NEW TORK Aug 10 (AP— Copper— spot ana ruiure Bteany electrolytic export— le uu Tin Eaaler ipot and near-b- y 6012 V future S975®5987 ' 025: Lead— Spot New York 660 0 665 Bast liuil a Zinc — Steady Eaat St Loull apot and fu ture TJiO Quicksilver— 9300 © 9900 Iron aluminum antimony platinum and echeellte— Unchanged low Magma Cop Mar jneia McCrorv 8t McOr Hill Mclntyre PI MoK A R Mangel Meat a Mch MId-- C Pet Midland 8111 3I182H Western Union had a small advance at 48 8 despite - a sizable drop in net profits In the- first six months Lower Canadian eop estimates lifted Chicago wheat 3 8 to 3 8 cents a bushel Washington's wheat forecast was below the figure of July 1 but that for corn was up Corn futures were off 1V4 to 2Vi cents a bushel Cotton yielded 15 to SO cents a bale Bonds were uneven and foreign currencies narrow at 60 low hlch VI to a favorable Low' I'Last SalesfHtgh Certaln-t- 5-- up r Lorlllard P Lou A Nash Mack Trki nt Goodyear 1113 1113 1110 1118 1137 1084 1135 1044 1 iw -- and (Salea in $1000) TREASURY 705 676 422 2 86 9 45 8 OK Dow-Jon- es GOVERNMENT BONDS' S (Dollars 98 1 73 4 HOME! 98 2' 734 97 0- 73 3 9 1033 102 5 68 9 2214 as 49-344-4104 4 102 8 74 7 3s 62-4- 4 1022 95 8 1044 103 1 73 0 CORPORATION BONDS 101 8 99 3 (Sales In (1000) 40 0 646 98 9 102 9 100 5 ISalesI High Low Co members (Furnished by J A Hogle New York stock exchange) rnm Hirh 20 Indust 18767 18823 18698 up 23 5336 5302 5309 off 19 20r alls 20 utilities 2933 2900 2913: up 10 40 bonds 10124 off 02 Bora-War- a belated response hleh low Yr agohigh 5 27 30 24 20 99 H 23 aj Loco) Goodyear Responds 1936 1036 '4 1937 103T 1936 1028 1932 784 28 j4 sit CI Kennecott 63 8 American Smelting 974 and Cerro de Pasco 75 K sao -- 103 3 103 4 103 0 1032 low 1928 hlah 101 1 Ten low yield bonds: Tuesday Previous day Month ago 2H 801 B A O day and inauguration of vacation a : Assd D Od A T 8 F Atl Refln Atlas Corp Atlss Pow do PI Auburn Au 5-- Year 1937 hleh 1037 low tod do B el 91 1 91 0 93 1 943 99 0 90 9 Tuesday Previous dsy o Mcnth U Curb Quolatiohs 'Penny' Y IV r Prices TBond NEW YORK Aug 10' UP)— JumfSalss hundreds) bled price movements characterized Net iSslesf High Low Lut Chit Stocks dealing in Tuesday's stock market (Compiled by the Associated Pteaa)' "c 15 tH 30 60 While strength appeared here and Adams fixp IS 1W as 24 Indust Ralls Utlls Stocks 3 1 Net chanse there notably in- specialties back Alrrleduc 2 71 12 98 3 39 0 4 3 4 696 Alaska 12 Tuesday sliding steels served to keep the AlleghanyJunj 141 1 Pravloui day 98 1 39 3 43 3 ' 695 Al Ch A D Month ago list pointed downward 042- - 40 6 41 8 675 1 20 Allied Strsl 2 40 6 53 1 Yoar ago St 690 61) V4 Nothing particularly depressing Mfl HW7 high 496 64 0 753 1016 SI 28 87 9 36 1 1937 low from a market standpoint was found Am B NeU 626 man 1110 3 41 9 e 7 vzs t9 ibih In the news In fact happenings Am(to Can 11160 73 4 30 2 43 4 SS7 pf 1936 low Ff A C 51 II Am 4 In Movement recenfyeara: pn the whole were on the side of Am Com All 8 7 ll 24 £ 1932 low 17 5 239 169 buying forces At the same time Am Ch Rug II 28ty 146 9 15T 9 1843 1577 1029 high 8V4 F P Am low 51 6 95 3 61 8 618 1927 many traders were said to have ll 484 do Ifl D( 101 40 Loco sought the sidelines pending more Am Bonds 2' 19'Am m a r definite information regarding the Am 151 57 Metal (Compiled by (ha Assnclatsd Press) Lt! Am P time congress win adjourn 10 20 in in Am Ksd Ralls Indust Utlls Foreign Ml Roll Am -- 1 Transfers Show Drop Net chanee 1 Am 8a 392 ISO FcderaLLicii3 Ease Off In Dull Mart Stock Exchange Quotations Y yoi tlniJ aii osr-"- - |