Show 'V'— ' to " L i THE SALT LAKE TRIBUNE B SUNDAY MORNING DECEMBER 5'1937j Moves to Stimulate Business Nullified by Spirit of Retaliation Nonf err ous When Government Industry Metal Prices Drift 'Lower Differences Their Compose Stfige Sct for Recovery NEW YORK Dec 4 (A)— Nonfer-rou- s metals moved irregularly last By CHARLES F SPEARE for The Tribune Copyright the word “retaliation” could be stricken NEW YORK Dec from the current vocabulary of business men and politicians and also from their thoughts 'quicker progress might be made in repairing a situation that shows signs of battering writer the other evening this Crossing die ferry to New York " eaccidentally seated himself besida couple overwrought by that present form of marital malaise known by Washington officials though It as “mental cruelty” The wife was must be said that such a source has being accused of not speakjng to not been especially happy in its the husband at breakfast except in administracriticism of his past the husband predictions during this was telling the wife where she “got tion or in the last However there Off” It was all so like the temper is certainly a leveling off in the that recent discussions with Wall charts of business activity and in street men and corporation heads those applying to commodities and a daily reading of Washington The drop in the steel production news and comment reveal to those index this week was the smallest in whose business 'it is to interpret some time it brought the the facts of trade and the move percentage although to a new low point ments of the markets no trade barometer Sentimentally Take the public utility situation has so much effect on business as an illustration Everyone knows and had on Wall street as this one and probably a majority of the men now prominent in the industry will Commodities Leveling Off admit that many past practices The price of commodities have been clever but not clean too hasaverage ceased its weekly downward from a legal or social standpoint plunges after a 40 per cent decline But why not deal with it on the since As the direction in April basis of the present willingness of industry as well as in securities the power interests to give up prin- could be charted with accuracy for ciples long held sacred and recog- several months on the current flucnize their right to protect them- tuations in staple commodities any selves against federal and municiimprovement here and abroad in pal competition? At this time of their price status shchild react fanational crisis in business we need a reorientation by all classes of vorably There is some possibility that the society in their approach to ecohousing program will excite denomic questions and an abandon- mand for materials required in its ment of the kind of retroactive senand a likelihood that this timent nmiLsn common and blight promotionwith railroad buying promtogether to so confidence the necessary ing ised after higher rates are granted to recovery and with increased capital expenditures by the public utilities will Bate Protest Expected the momentum of industry It is not unlikely that protesting quicken early in the new year cent 13 the will per oppose shippers In the last three months Indusfreight rate advance on the ground trial has been reduced that carriers have been misman- 20 perproduction cent which represents a and financial their operations aged adjustment than occurred controlled by Wall street bankers sharper in 1929 There in a Neither that nor the question as are similar period of decline known to to whether the Van Swenngens con- effectdegrees recovery even when not artiducted their systems honestly is the crux of the current railroad situa- ficially stimulated tion It is whether rates now in Foreign Markets Cheerful effect provide a degree of revenue This applies to markets for securiconsistent with the service required ties as well as to those for commodiin view of increases various the in ties and for industrial volume costs that have been imposed by Stocks have a more liquidated apfederal and state authorities by now than at any time in labor and by the general rise In pearance Without any show the last month materials in the last three years of support they have been mainBitterness of feeling against the a more than even level It New York stock exchange derives taining ls not without significance that for and from policies permitted praised eign markets have been more cheerwithin It up to 1933 Having ful And opinion in in the them attacked past London that banking latest decline the regards commend to free writer feels this as much overdone what the present exchange authori- here In politics the emphaEuropean in late have in done ties years sis on “retaliation" is weakening -' willare And they cleaning house Efforts at cooperation and conceslng to go several steps further to sion are the policy of statesmen securities the of the wishes meet there So commission' why and exchange We have therefore in the net need this body persist in regulating technical conditions of strength due communiits its orders and framing to the squeezing out of false values what on the premise that cations commodities and in securities to the governing body of the exchange in the gradual reduction of inventories once did ‘rather than what it is and of merchandise which together trying to do should be the deterwith an increasing spirit of recimining factor? Here again sentbetween so called “big busiiment is forming retroactively in- procity ness" and the government give an of in forward direction ’ 1937 a stead Labor Conflicts in Making Perhaps the most serious of the effects of thg depression is that on labor Unemployment is rapidly Relief rolls are rising all over the country It is no secret that employers are severely "purging” their plants of workers who have been active in or sympathetic with unionization campaigns As a form of “retaliation” this is neither wise policy nor good politics For one thing it cripples a purchasing' power that may directly affect The industry that indulges in it for another it will leave a bitterness that later may find exDression in fiercer labor conflicts than those of last spring The statemfiht cred- ited to a prominent automobile'com-pan- y executive that he might make no cars this winter but that he would at least be in control of his plant has a joyous ring for many The implications of it are ears extremely unsocial In labor circles the bitter feud between the A F L and the C I O is being softened and “accommodation” rather than “retaliation" is the term in use in present negotiations It is known that in his recent conference with President Roosevelt Wendell L Willkie had the most satisfactory discussion of the power situation of the several held in the last Two years To believe that either he or the president is abandoning all of his prior contentions is naive Both however are recognizing the force of public opin- Ion and are in the The congressional program for tax revision probably is not one that president Roosevelt would encourage were it not for the popular that It be put through However he is not opposing it It is worth many votes Members of cOn grass know on which side their ' need no longer be re- garded with despair Mine Companies Vote Dividends t Tintic Standard Mining company and its principal subsidiary Eureka Standard Consolidated Mining company Saturday declared dividends totaling $36330825 both payable December 23 to stockholders 13 of record December Tintic Standards dividend is for 25 cents a share totaling $28832875 This raises the company's total dividends for the year to $95725145 or 83 cents a share and its grand Dividends total 'to $1726210956 paid in the three previous quarters were for 18 cents 25 cents and 15 cents respectively Eureka Standard’s dividend is for 5 cents a share totaling $7497950 This raises the company’s total for the year to $16495490 or 11 cents a share and its grand total to Share Earnings NEW YORK ( A earning week showing included f 2 12 Climax Molvbdenum Ten months October 31: 2 20 Aririresaograph-Mul- Oil Derby U S Smelting Refining eYar October 31 : Celotex Year August 31: Sherln William Canada 1 34 fl 4 r 17 2 87 75 97 19 10 Wool Futures bread is buttered The interstate commerce commis- sion this week has cleanly indicated Over the that it will not dilly-dall- y rate case and has surprised the perennial dissenters with its abruptness when they have pleaded for 'a NEW YORK Dec 4 (AP)-- In active trading wool top futures advanced sharply today in response to buying by Boston In terests Contracts were scarce The close wad firm 20 to 29 higher March 83 Oh May 83 4bt July 830b: hearing' Commodity Index -- So— witnessing kind of attitude toward the state of 'business health that is new and and ought to bring important results ’ Not a' few people believe that the 'the-eountr- yds declinajh business jvolume tho erfit Support of this is given -- v October 83 Ob Spot standard tops (b) Bid 87 0 up 2 NEW YORK Dw 4 — The Associated Presa weighted wholesale price index of 35 commodifies declined to 75 95 Previous day 76 00: week ago 76 02 month ago 79 34 3?ar ago 8537-rceeut years Range of 1 9J7 93334- 1935 Low 74 62 71 31 “69 71 g 1926 average equals 100) week Domestic copper declined to 10 cents a pound but almost immediately rallied to lots cents when the decline disclosed a good conThe recovery was sumer demand furthered by the upturn in stocks and consistent steadiness at London Abroad there was believed to be promise of improvement in the statistical position in view of the production cut now in force cent to 3 cents Zinc' declined a pound East St Louis a new low for the year Lower levels Were apparently intended to revive interest but with galvanizing operations slow and consumers well booked ahead improved demand in the near future was doubted trade circles said Tin advanced 214 cents a pound following London’s up turn and reflecting a better demand in the domestic market Lead was quiet and unchanged Producers have been unable to dispose of intake and while consumer December requirements are practically covered little buying for January has been noted The long downward slide in steel operations gave evidence of being arrested as ingot- - production' was estimated at 30 per cent of Capacity Scrap was steadier with prices resistant for the first time since late Tin plate prices covering August the contracting period from January 1 to September 30 have been reaffirmed at'current'Tevels by one of the leading producers Antimony was unchanged in a slow market Chinese in bond held at 1475 cents a pound It This weekls reduction of the domestic price to 10 cents brings back to October 1936 levels from a 1937 high of more than cor17 cents reachecHn February The Administrative and Research poration in its weekly letter attributes the slump to the fact that demand from the automobile utility and electrical equipment Industries failed to gather the expected momentum this year — Thus there is more than one in- copper terpretation of the right-han- i FAMJJASO Group Urges Separate SEC Climax Nears At Test Well Unit for Mine Issues at 20-d- 60-6- 100-10- 1 184-19- 217-22- 295-29- 352-35- 5 Dividend Voted 364-36- 449-46- 722-73- For Depositors divi-den- Livestock Market Prices Grain Cattle-Rec- eipts Afc ftj) left-han- V Z C M I Votes Dividend Directors of ZC M I have de dared a dividend of 25 cents a share payable December 15 to stockholders of record December 4 Dividends of the same amount' “ere paid in the three previous quarters Merely Jobholder Now ft? to test values nominally steady for week atetntion 30 to 40c higher sows 25c higher Cattle — Receipts 800 calves 300 for of week beef steers aud yearlings uneven generally steady to weak fed heuers steady Open Low Close to 25c lower other she stock steady to High strong vealers steady stocker and feeder DecWheat: $ 944 $ 95H $ 94 Vi $ 9514 classes firm week’s tops good heavy steers 93 924 aud good to choice yearlings $1050 May 92 ' ?l Carle A of l(ppl-l- n lveook choice 86Vh 86 S5V 86 on the salt light heifers $9 2o good beef cows July bought for reahlpment benefit Corn : In vealers $10 00 feeders $820 arlabie $6 50 Market carrv freight Dec 54 Y4 53 steer 10 bulk fed 54 534 stock short caives stated $8 otherwlae when amounts except 57 steers $700 9 00 short fed heifers $6 00 May 56 14 57 564 7 50 4 (USDA)— Cattle and 38 OC DEN stockers and leeders mostly $575 Dee 58 57H Oats: 750' can es— The trade thie week was featured In quality on 31 Mi 31 Vi 31 31H Sheep— Receipts none- - for week lambs Dec by considerable improvement helfera V& and to 75c 30 30W 30 Vi 50 30 some classes especially ateers higner sheep fully 50c off May K®: week’s top fed lambs 29 Vi 29 29 Vi 29Vi paid early $9 25 July and a higher market on the bestas stock 2711 head Soy beans top to shippers $8 50 to packers c°mprea closing celpts numbered 3242 Dec 35 94 $8 94 92 closing sales natives to packers 924 with 2211 & week ago and — r94 95 largely $S 10 8 25 top to shippers $8 35 May 954 ago Prices were strong to unevenly ' 95 Julyon good slaughter cattle but low grad late top ewes $400 most &jegt$3£0 ) has ch Rye: offerings of the-in- nualtty-whlDec 4 ( A CHICAGO 67 Dec 67 68 67 recent weeks followed )— HogL most plentiful 6000 slow supply on sale too May 68 68 68 69 ' week’s slow trade at weaker prices The Receipts to fairly test values few good to July 64 64 64 64 offerings small week's Improved supply of Lard: 80 Including one car choice 200 to 210 pound weights bid $8 45 moved at S7 estimated holdover Dec 8 75 8 62 8 75 874 Pounds on shipping account 8 62 from an Idaho feedlot averaging1050 8 93 8 97 8 85 8 92 pounds 500 compared week ago around 20 to 30c Jan at 87 80 22 head averaging at 9 17 75 higher 9 9 17 9 20 $7 20 i feedlot local May in froma trailed 1000 Cattle — Receipts caives 100 head of locals- - averaging 990 pounds at at compared Friday last week good choice 87 65 and one car of 969 pound Idahohead Cash and prime steers unevenly' 7oc to i ao lot of 20 Another trailed-t$7 60 lower weighty kinds on most Dec 4 (AP) — Cash wheat— CHICAGO averaging 1080 pounds brought 5 75 trade very dull at uneven decline closing witn Vo 3 hard 95 6 98 Vie Medium to good feeders moved at 55 50 00 moderate supply after having been held No 3 red 92c $3 t 6 50 and common feeders around feedlot No 4 mixed 94V4c midweek from for still s carried week next — No 3 mixed 53Sic A car of good 765 pound No 2 yelCorn down common market steers and medium with 5 out low 55V4W56c No 3 white Idaho heifer made $6 75 nart to 25c lower fairly active in contraststeady witn nd loads A few lodT Oats — No 1 white 33(4® 34 'Ac market on W'eit fattened kinds peddling $570 A car of 647 pound ers topped at $6-0at $1750 Rye — No 3 69c heavy load averaging 697 prime No buckwheat with several loads at $16 early 00W1660 but brought $5 85 toanda one SS? feedlot mates $1750 cattle killer went nound 93V4 'nutAe sold later st Soy beans — No 2 yellow 4 0 4M nib $16 40 when bottom — Feed out 42® 60c lots of l'ght feeders brought heifers of trade dropped malting 75 t on all weights previously selling at $10 00 ® Barley Sic with most drlve-it- t slaughterand 6°od going cows Medium best long yearlings early $15 00 seed — $2 50® 2 85 at t5 &d 4j5 75 upward Timothy 00 few above $1300 late best yearling heifers were sweet within a range of Red cloverseed — $2750®32 50 $10 50 all heifers 25 to 40c higher cows cloverseed hut the bulk of the week’ 1PPV ?? 5775 ® 8 50 mostly 25c up tmll 50 to7oc higher In the low cutter to common grades H W 'h vealers steady to 50c lower largely fat 4 no Rum were steer run of 4 00 w 5 25 end the heet PP w" Hheep — Receipts 40001 for week ending AS 00 The week'! veeler MINNEAPOLIS Dee 4 ( AP)— Wheat— at $5 Friday 2300 directs compared Friday last RtceipUr-4lv of common and medium quality cara trading baal linchauRftdv week fat-ta2 25 ter50c lower: yearlings wa cent higher Cash: No 1 hok yerde sharing decline slaughter shee£ mostly 2oc quotations northern Trad Ink In the No $1 08 the week and nrtcee ad down feeding lambs weak to 25c off heavy dark arrived to compare wtth 16063 Good fat lambs ago and 5570 a vear ago division changed bauds at in the truck 48 00 with some medium kinds M 87 5 A few lot of feeders went at $8 00fffT25( and a small lot of light wethers at $4 00 ewes moved at $253' Some trucked-l- Moscoiv Mine Shipping Ore Moscow Silver Min(s company has received settlement on the first carload of ore shipped since the mine was reopened a month ago it was announced Saturday by M B of the Johnson secretary-treasure- r The property is in the company Star district ten miles west of Milford The lot consisting of 46 dry tons was shipped by leasers and grossed $1453 a ton the shipment returning $43255 net Settlement was based on the following values': Gold 02 ounce silver 525 ounces copper 1 per cent lead 17 per cent zinc 1345 per cent Mr Johnson reported that the ora came from the level the lowest in the mine and was largely sulphide apparently marking the end of the company’ search for the He said the vein sulphide zone which is 20 inches wide has been opened up for eight feet on its dip and is going down strong the last few mine cars showing increasing amounts of iron lead and copper sulphides 1600-fo- New Oil Test Well Planned Diamond Oil company is preparing to spud in its third oil test well in Diamond Fork canyon 76 miles southeast of Salt Lake City company officials announced The second well is bottomed at 4000 feet in the lower Pennsylvania formation but drilling has been held up by a fishing job The proposed new well will test a sand at 1600 feet in the lower Cretaceous f Leading Futures Sr JJJ j Mi®® aw) 607 Quotations 5e jt £55 b'5ht JtiJre'lt Minneapolis ftl18 No 116 101G111 discounted 2 week's lamb top $985 paid early for 1 dark northern $106 No 2 natives comparable kinds at close $9-4to outsiders 3 best fed westerns late lower test weights nominally q'v’aiTd'mUed wayht $9 35 to shippers although $975 paid by cents per pound Fancy No 1 hard MoVance A No 1 dark hard or No 1 few tok both packers ana shippers early week’s ntana $107 k“de 7 25 0 10 Ld at and 1140 Refining company Smelting bulk slaughter lambs $9009 75: year- hard Montana winter 90 c 61101 pik" Utah Copper company daily aeraga of of7 nolaush'rr S5 ewes $400 hard amber durum No 1 89c$j?$l 05 lings $8 25 48 65 slaughter went Sows cars 641 No 3 83c 0 kinds st $625 ft 490 mostly top $500 feeding lambs No 2 86cft$104 occasional light 00 with 6 65 No 1 red durum 8889V4c TINTIC $7758 $101 — No 3 yellow Tintic Standard and Eureka Standard Com SOUTH SAN FRANCISCO Dec $ trading In the eheep dlvleloo cent higher 46 carloads U 8 Mines 41 Mammoth tntaledMtifiO h'd quotations Hogs— Receipts for five daye basis unchanged — No 3 white 28$2Sc 16 North Lily 10 Chief Consolidated SI 5 a week aco and n7A0ir yea'r aso 3950 compared Oats butchers oU iat erlday 9 Utah Fire Clay company (silica) 8 34® 70c cents higher packing sows 75 cents tip Barley— Rve — No 2 Eureka Lilly 7 Yankee Consolidated 5 Ss-fS-SS- S week’s top butchers $925 early closing 07 Mammoth (tailings) 3 Apex Standard 3 Flax— NO 1 $197 and bulk good to choice 170 to 230 tops Bweet cloverseed— $600® 650 God vs 3 Eureka Hill 3 Empire Mines pound weights $900 light lights and 90 around 2 Plutus 2 Chtef Consolidated (lime) 240 to 280 pound butchers sorted JTwjW 1 out mainly $850 load medium 163 pound Dragon Consolidated 1 Grand Central 1 1 Colorado weights $860 load light Idaho slaughter Winnipeg PARK CITY WINNIPEG Dec 4 (AP)— Wbet: Odd We on pigs early $8 00 late bulk packing sows 7 at tons Close Low Park Park Utah Consolidated 1909 $725 week’s bulk local butchers $900 High '2°° 'car of ehlpdllveetock today recelpta 250 1060 New Park MinDee $1 1714 $116 City Consolidated $117' Coalition Silver 60 1 13 114 114 $900 May King f rhiTm ing company 1 10 1 09 1 00 Calvee— Receipts for flva days 150 July (concentrates) 667 Cash wheat— No 1 northern $137M imounryxcePt compared last Friday steady to 50 cents -— nogchoice No 3 northern No to Nevada Rood 2 northern $130 higher package Dec 4 ( fcAMA range vealera $1100 package medium $1 12 No 3 white 50 Oats— No 2 white roKi'&uioir00i!3?"L‘S?rtoipi gradeer$8 Sheep—Receipts for flvs days 5260 44c — Raw sugar Dec 4 (AP NEW YORK lambs somewhat last Friday compared was unchanged Saturday with no sales reirreguiax moetly steady other classes nomhead good sows $7 25 inally ateady deck good 67 pound north quoted at 335 and 7 flkAf ? ported Spots were at 330 FrldaJy lait week butchere 15: coeet wooled lambe stronger forward shipments at $9 75 compared Futuresc were quiet Slight gains were 40c hlyher: weikhta 250 pound to medium theee orted 15 per cent higher weighed practically plain registered although there were partial reacwithout fill after long 354J40c up sows 10415c 50c up near tions the claae staxi 25c higher: feeding pigs aud wera big yielding Iambi good hal No 3 closed 1 point higher to 1 net to choice 84 to 94 Idaho wooled Cattle— Receipts 25: compared Friday No 4 adlower with aalee of 650 tons Wrllngs mostly lambe 33 60&925- - pound 2 double! medium Urt week feed steers and reacted and vanced but lower r good to choice point early 8 50c 81 pound 35 double 30 25® $8 6 grades good closed "net unchanged of 350 tons and medium common shorn California fed Iambi $840 JUrLdes Close (No 3 tead?7 cowi steady to 25c lowej: recently wooled yearlings froth same 95 good pound March 2 May 236b 36b January bulls fully 25c higher vealers shipment ae north coast lambs mads $750 5uik§ ewes 237b: July 237b September 2 38b Stockers and feeders steady to absent: wooled slaughter kinds quotb — Bid week Jed sleeps autMteacli75a-Oed mainly $325 down 40-- 4 today recelpta 85 Refined wgs unchanged— at— 95 far 00 10 00 moderate supply 510 5012 on aale little very fnrTTiie granulated with only a moderate choice 00 iom yearlings 1082 pounds 813 50 1 withdrawal demand reported I OS ANCEIES — Dec 4 00 teg paid to choice fed heifers r Receipt! for week 1650: steady to load 88 75 beef cos 84 50 6 00: feef Hn'a-o25fM?6: 10 cent! hlgber: bulk $8256890 top $6 25 4? 7 00: cutter grades $3 beef hulls $9 00 lows $6 50 h 750 few heaw hulls $550650Rubber Calves — Receipts for week 3575: ateady $9 50: $6 504? 7 00: practical top vealers NFW YORK’ Dec 4 ( AP)— Crud rub- odd 00: atorkcr and feeder steers to 25 cents lower vealers to 510 50 calves — True deposits " average decreased $30 hesd $10 ber futures closed irregular 4 lower to 2 86 007fi5:' lew feeders stock $60 6:7501 lew to $8 00 Stockers $c00 $575 OV f“tt — 11 higher: sales No week ending today 6 7 00 cB$!r5ff $3486- 5(D- - compared fbr week 575 DewnbertVStTnlT March 1374 25 324669 tgr Sheep—Receipts Friday May f$heRecefpt 15 88: July 16 00 last week fat lambs moftlv 50c lower cente lower: medium wooled lambe $7’75 gs week ending November 27 (x) Smoked ribbed spot 1550a sisu eh ter ewes weak feeding lambs steady 0 good quoted to $300 ewes $190 j $2681964021 (n)NominaL closing bulk fed Wooled lambs $865® daya BINGHAM United States Smelting Refining and Mining company 7775 tons National Tunnel and Minea company 1200 American demand will be felt Li JENKINTOWN Pa (UP)— The day of the career woman is past and she has been replaced by the lat woman jobholder according to Mrs director Chase Going Woodhouse of the Institute of Women’s Professional Relations Mrs Woodhouse told a group of women students at Beaver college that the difference between a job and a career was taking it as a matter of course instead of as a lark “A job is a job these days and to dress it up by calling it a career is silly-- she said “Women prepare for their jobs and do them efficiently Marriage is no barrier to success in awoman's work” Ore Shipments Range to the utilities and the railroads these industries may enter into a program of building and rehabilitation that would aid copper sales The motor outlook U still clouded but depleted inventories give rise to the hope that the industry will come into the market for more copper early next year Growing armament programs also The miscelwill provide a fillup laneous market (jobbers) may be approaching low inventories and if this be true another source of overturps d chart: (1) That as high coat proAdministrative ond Research Corporatioo-Nduction was made possible by higher J FMAMJJASONDJ J FMAMJJASONDJ FMAMJJASO prices a plethora of finished cope 1937 1936 1936 1937 per appeared with few takers (2) that sharp price changes combined with unsettled conditions in business created a psychology of fear that prompted consumers to hold off buying in hope of bargain prices later (3) that the fluctuation of copper inventories and prices aptly As a result of increasing showings illustrates the operation of the law SPOKANE Wash Dec 4 (API — Establishment of a separate of oil and gas at the Cane Creek of supply and demand (Note condivision of the securities exchange commission to deal with mining Oil company's No 1 well 17 miles verse swings of stocks and pfices) down the Colorado river from Moab issues was urged Saturday as the concluding action of the forty-thir- d the U S geological survey has or Consumption Slumps association Northwest the convention of annual Mining dered the company to set casing to As of October 31 1937 apparent The association in a formal reso-protect the well in the event of ’a s national mapping blowout according to reports from domestic consumption of copper had lutlon made the recommendation Hayden-Ickefallen off 33 per cent in the 10 Moab “to the end that registration state- program Carl J Trauerman Butte Mont The company is now drilling In months compared with the same pements of mining companies be exwas riod in 1936 Domestic amined by persons familiar with' engineer principal speaker at the hard limestone at about' 850 feet ordered curtailed from 10output to 40 pFer the mining industry thus avoiding closing session asserted that with but expects to get out of this a little below 900 feet cent by a few of the leading U S the piecemeal amendment of regis- an “equitable tariff to keep out forthe Butte district 24 manganese’’ eign hours a day the com producersr but this cutf in productWorking the tration statements and annoy’or more pany hopes to reach its objective ion will not be reflected until early as would much produce of delays” ing succession next year due to the time required A second resolution attacked the manganese as it has produced cop- at 2025 feet some time next month to convert raw stocks into finished Max LaGrosilliere per superintendent copper "twilight zones” between He said 1937 of in of gold production reports the charge operations exempt and nonexempt securities It should be noted that the United and public and private -- Offerings silyetleaLand copper inMontana following changes as depth in- States no 8 longer produces most of Zinc of would At be last ahead blue creased feet year clay and The resolution urged the S E C to the world’s copper Before the deshow would a alone 5 he oil carried expected gravel showings issue exact definitions to clear up accounted for this pression country oil brown shale and with indidrop gas any existing doubt 80 per cent of the approximately 0 cations shale carrysandy Other resolutions disapproved of 4 brown world supply and U S firms opering both oil and'gas “the centralization and dictation of in South America controlled Motor Fees Rise 6 sand oil carrying good ating wages and hours by the administratanother 15 per cent In 1929 fears oil of and showing — gas gray of an acute shortage forced prices Idaho ion” criticized the national labor BLACKFOOT Receipts 8 0 and sand relations board for “inequitable" from the sale of automobile license shale 24 cents a pound 0 0 all an toAs a record high ofcontracted conducting of cases opposed the plates in Bingham county to De- increase in gas and manifesting sharply consumption oil elimination of the depletion allow- cember 1 show a substantial increase The well is an offset toshowings the Frank copper interests pegged prices at 18 ance in mining taxation and con- over the receipts for all of 1936 Shafer well sents an In 1931 international conthe discovery well demned the undistributed profits During the first 11 months of 1937 ference of producers agreed to reblew in which 1926 a in but gusher automobile license- receipts have was tax abandoned because af water strict foreign production at 26 per The body recommended continu- amounted to $8024543 a gain of and Former depository of the Desdifficulties mechanical Oil cent of capacity following this up eret Savings bank who hold deben- ance of the silver purchase act and $667649 over all of 1936 announces men familiar with the history of the in 1932 with a cut to 20 per cent to start the Harrison Ison county assessor Shafer well are watching develop- Quotas Abandoned tures of the Investors' Finance com- urged immediate action ments at the Cane Creek company's d pany will receive a seventh Later in that year however the offset well with keen interest December 8 directors of the U S imposed an excise tax of 4 cents a pound and when in 1934 company said Saturday the NR A copper code became efThe company i3 in charge of liquiChicago fective foreign producers abandating assets of the savings bank NORTH B4IT LAKE Dec 4 OIPDA) — 8 80 closing top $8 80 sorted choice CHICAGO Dec 4 (AP)— The price of doned quotas— While all this was and issued debentures to ail for- Cattle and calve — The week’s receipts in grade native lambs $8 75: good grade Wheat made little change m Saturday cattle division numbered 1296 head yearlings $7 25' medium to good ewes quiet desultory market which lacked lead-a taking place however new and rich mer depositors who - consented to the to compare vtlth 1169 last week and 1187 $JOOftj 4 00‘ choice quoted to $4 60 good ership Prices fluctuated within a range' of deposits were found in Africa Canthe liquidation plan Rood cattle were and choice feeding lambs $7 75 & 860 last year Although — on the kinds offered held DENVER Dec 4 scarcely more than a cent a bushel closintr ada and the U S S ft and operated prices with The dividend will represent 6 scarce some weakness on the 1100 calves 50 for week beef V cent lower to 14 cent higher about stead by foreign companies Thus the U The ste Finishing quotations were December supply was of steers weak to 25c lower at $775ft9 75 per cent of the face amount of de- bottom grades to medium B2V4e92Hc July 8rf S portion of world production fell quality and prices fed heifers mostly 50c lower at $635 fit B5fe54c: benture certificates and will be common &8611C closed cornMay to At cent tncher from 84 50 to 57 OO with some 8 60 beef cows steady to l£c lower at December ratted from 81 per cent in 1926 to 20 per cutters steady to weak at The best $4 75 (& 650 54c: May $3 50g4 00 payable December 8 at the First cutterv kinds at 58c 53® oats unchanged to57H57ic cent up cent in 1934-3- 5 recovered to 34 per moved within a range of $5 25ft $3 25 4 25 grass heifers steady at $5 00 July December 31 Vic V4 to Security Trust company agent of heifers to lower! 25c higher at $4 25 p cent driveins rye 650 bulls 15 5 90 and cutter to common December 67 c lard unchanged to 13 cent in 1936 the company brought 54 00 5 25 A few lots of good 5 00 60calves and vealers steady top vealers cents higher stocker ami feeder steeps and calves were sold for $4T55 0Q but moat $10 d The chart above revealk The wheat market was under the presPayments will be made only upon cows of the week’s sunnly consisted of low cut- mostly 25c higher best steers $785 bulk sure of persistent profit taking sales but the sharp A $3 509 725 stock heifers $6 00 down certifikinds in consumption this 00tfM00 of debenture to $2 common at ter presentation drop in securities and estimates firmness ft? 400 of nothing practically few medium offerings brought $425 cates 300000 bushels export sales of year It will be noted that in 1936 and offered nominally steady for week butch- around 4 35 Bulls rated at $4 25ft500 ers around 25c higher sows mostly 10c North American wheat including 125 000 fabricators seemed a lap ahead of With this payment debenture common to medium vealers at $500 bushels of Pacific coast grain to Norway higher made 5400)4 50 keep the market steadj But this year with reholders will have received 88 per 7 50 Cull production Sheep — Receipts 2700 early undertone helped hogs this week A decline of 3 Hogs — The price to cents In Liverto weak for week fat lambs mostly fined production averaging close to cent of their deposits showed a sizable adxance amounting to steady was wheat reflected pool ewes to 50c 60c lower lower only 50 partially best on kinds yearlings the around 25 to 50 cents being offset by an advance of G to 85000 tons a month apparent dowere strong to 25c higher feeders weak to 25c here cents at Buenos Aires Australia was Light and medium weight driveins lower top choice fed iambs $9 50 freight lk valued at $8 208 35 on late sessions and paid reported offering new crop wheat more mestic consumption has dropped to bulk fed lambs 25 yearto $$859$2 Fresh mixed kinds ranged from 58 10 down as low as 45000 tons freedy ewes from Argentina 7 35 lings 00 $6 50(9' 004 however Indicatedadvices Sows went mostly at memo feeder lambs S7 25 and under acreage for harvest With the administration making $675850 qe less than recent estimates might $5 50 6 25 An KAN8A8 week’s run of sheen and advance of more than a cent in Winnipeg CITY Dec 4 Shfv—The 25-Cehead Hogs — rtecelpta luO hardly enough offered December wheat at one stage nt lambs drooped off somewhat end 279 also received 1 a week — Career Woman Called - Dec 4 P)—Corporate statements released during the profits per common share 1937 1936 13 45 Crown Zellerbach 21 mood for conces- - Natl Pow A30Lt quarter September has the wit and Stone a Webster Products realist to know Thompson Tranaron A Westq Air 1 44 lies Vick Chemical power Nine months September 30: ' sion Mr Willkie is enough of & where the greater 'Votes for Tar Revision 7 that outlook Price Cuts Reduce Copper To October 1936 Level Weekly Survey Discloses ( 3WS as&'gKM $105113: choice 4950c MOVIES Sections Cntawiyt Aricultarsl NiwsRnIi fnstroctiw Display Diesels HsVBor75bii sg “ 43c Raw Sugar 80 1 :r -I- in Action llustrated Talk Caro uid Operation Literature Instruction WHERE AND WHEN Workhtf MoeMs fabra Sound Film 65®60c SJ EXHIBITS t Souronlrs Dec 13 at our office and warehouse 9 a m — All Day Cordially we invite — INDUSTRIAL MEN ttnd we suggest that you have your forai and operators attend this session with you men superintendent MINING plications ENGINEERS of Diesel Power who will find many Interesting ap- PUBLIC OFFICIALS are especially urged to'come and bring their assistants and superintendents too AGRICULTURISTS with sufficient use of "Caterpillar’’ Tractors will find this meeting Interesting and helpful CONTRACTORS we urged to attend together with their superintendents and operators ALL OPERATORS and MECHANICS of Caterpiiia- requipmentAw likewise extended a most friendly invitation fora-m- LiUiDE S TRACTOR & EQUIPMENT CO Distributor ” Caterpillar Salt Lake HEADQUARTERS— 245 W So Tempi City en |