Show — ---- — - — — '- 67 - 11 :'‘' ' - 1:' : SUNDAY MORNING LAKE TRIBUNE JANUARY 18-19- —- -- -- - --- - —— F Ii -- tt G -F- RATEiL0F7-THEEW islEKLY-OPERA- - MEL- - INDUSW in-Busin- Early-Gai- n - - rove r 7 u I - ' Coppér Leads TaIc 1311rdens Cril)plhig kNeVada Industry Says Babson Outputi Dirs4stie ilefôriiis Urged proauction of Mine silver -- 'ft - dit ' A — 38 - Adyance ill Commodities And Stocks Forecasts - - LLJ nclutry - — — - L - - e r - ' — a ' -- - Writ ess AdtA gold copper lead and zinc in Nevada in By ROGER W BABSON 1937 in terms of recovered metals J Is 'estimated to have been 276100 Copyright 1938 for The Tribune — 'fine ounces of gold 4536000 fine 6 - BABSON PARK Fla Jan 15--biggest problem facing lounces of silver 153770000 pounds has nat on todaY is not the recession' not the jilblxss not the rail— of copper 17500000 pounds of lead the as many believe the industrial recession will respond most favor-ina elements w s our taxation system If atthe rate we of zinc val-- - ro-- s ably to evidence of cooperation between the opposing - w ued in all at $34540326 according are going we- will ultimately commit suicide by taxation Gov— business and in government what is developing in this direction 5 to preliminary figures by the buin a degree of recovery in the first half of is tatiSelOt:tonfideike Taxes are reau of mines United States de- ertunent spending is eatihg up our present assets this year c was the from us new effect this hindering' of the interior These figpartMent Supplementing builang up 4 ' 01 ures compare with a production in capital More than any other "re-on the state of mind of business of The- administration'S thesis -le that-r would make public financing more the- utilities-hav- e griev-tommittedIn At 1936 stocks 286370 of ounces 5068of upturn gold form" our taxing methods from 786 ounces ono tinie this week industrial shares ous sins against their seciarity hold- difficult and more costly and prices of silver 14392000- federal 30 down need a complete and of public-bonshowed an average advance from era therefore they must be pun- of 21424000 pounds more unstable copper pounds ds This writer does not recall of lead and 26954000 pounds of thorough overhauling during- 1938 the 1937 closing prices of about 15 'shed auOur present system is jUst a big Exemption Called Unfair 4 greater misuse of zinc valued in all at $29289993 point& However in railroad and however-anor The gross value of Nevada pro- piece of patchwork Its only basic 5 Tax government employes— public utilityassues it was small - thority more faulty Judgment 201 MAR MAY JULY SEPT NOV 4AN JAN MAR JAN SEPT NOV MAR MAY JULY At the same time the capital mar- any heavier loss of security holders' Iduction at avetage yearly prices in pone" is to condeal taxes front the the unfair angles of the tax 11937 of $35 ket closed more tightly during the money thad has been exposed in the per ounce of gold $0771 ultimate payer d the consumer un-It- Among SOINICC STAT Co STO HAN AW m mu ey itto muddle's the exemption of unequitable Past three months than in many current investigation of corporate per ounce of silver 40121 per pound is short-sigh- te the e It penalizes initiative ment of copper $0061 per pound of lead years was successfully reopened- and banking intimacy between employes from the income tax and $0070 per pound of zinc was: and thrift It handicaps industrial with an issue of $30000000 Consoli- Pennsylvania railroad and its pliable the depression the average During Gold 89663500 dated Edison of New York 341 per child the Pennroad corporation silver $3497256 growth It hinders the normal operIt retards new public official bad his pay cut only cent buds which were immediate- - during the Atterbury regime Noth- $18606170 lead $1067500 tion of busineu copper and zinc $1705900 building It encourages loose fie- - 10 per cent while the average ly oversubscribed and sold at a pre- - ing that the Insulls did and for It fosters sitdown private citizen's salary dropped es 1937 mium:For dap! the demand for mu- - whose sins the entire power Indus- 1936 with Comparing gold cal policies decreased 4 per cent in both quan- strikes of capital It is heading the much as 50 per cent! Stability of nicipal loans Ihas been in excess of- try has since suffered exceeds it inis exemption enOugh for our the supply with prices showing sub- arrogance and wastefulness of captity and value silver decreased 11 United States straight toward bank- income vast army of public office holders inflation and cent in both quantity and value ruptby otantial gains over those of Decem- - ital per Bytaxing them not only would the her And aside from a limited President Roosevelt is right in ' Tintic Ophir Mines company is copper increased 9 per cent in quan- Ten Steps Suggested By DR DILWORTH WALKER mood his not to this affect treasury pick 1ip a good slice of affected railroad bonds of 43 by cent value in lead an4 allowing per group making rapid progres in develop- tity Professor of Economics University of Utah new Income but it would make anleast ten are different 18 There at decreased in cent critical credit conditions the trend toward the 'carriers He shouldutil-beits per quantity property on Lion hill south in The severity and suddenness of the current business recession ing of corporation mortgages and deben- - equally charitable toward those of ()phi'' to a report sub- but Increased 8 per cent :in value steps that should be taken imme- other group—and one very much of pub10 ity representatives is reflected Most noticeably in the sharp downward trend of the mitted toaccording zinc and tures has' been upward decreased per centlqn diately to relieve the current crisis: need of it—more conscious E directors Frank by in of steel industry The steepness the descent and the amount of Porter general manager who have behaved themselves quantity but increased 27 per cent 1 Broaden the income tax bate— lic6 expense Commodities IRising the- - past They have enough trouble the decline is without parallel in any previous period Remove undistributed the Five years ago the income tax was "The management has prepared a in value - court the major source of federal govern- profits tax—Of all the legislation Commodities too have been ris- - facing them' During April and May of last large map of the workings" says Leading Gold Producers ment internal receipts Despite the recently written the undistributed year thelteel industry was running the report "carried on detailed geoins They gave every appearance of decisions all of Nevada's gold outThe undernourishment of railroad at approximately 90 per cent of ca- - logical atudy of all available work- putVirtually passing of many new revenue laws profits tax is probably the worst 1937 came froth lode having been completely liquidated shortsighted and It still contributes 40 per cent Yet It is By December the operat- - ings and surface showings and out- minesduring oacity The source lode at the end of 1937 Subsequently of so In 1928 only 4070000 filed income contrary to our ideals of thrift rate had fallen to less than 20 lined numerous objectives There gold was principal ing on a broad have ores and siliceous improved but a they long that a rate increase will not per cent of capacity wiping out the are now five leases in which work the topperdrymines of the Robinson returns ant of these only 2523000 threatens the etability of all indus-- s recovery save them from eventual reorgan- front with an eight-poipaid a tax Hence the burden of try Although it would be temgain3 of four yearvin six months is rapidly proceeding toward five district I also contributed substantial since November- - Metals-have-letzation income taxes is still hearsay among porarily deflationary step this tax of recession Two of the pf these objectives of gold and the Nevada 95 tho rise'Searly all of the specula- - One of tho recurring financial ' ---- But the rapid liquidation ii s per cent of the nation's voters should be wiped off the statutes now in ore and the oth- quantities luau are tived members iof this group have UP—ReConsolidated YORE an 15 Jam Copper corporation 7 Set aside social security funds has developed this week in the tax base and cutposed to he a good omen for the era are rapidly neating their obBroadening of sr:winded to the'notion that markets France Kennecott operating subsidiary would —"Contributions" to social securItY Capital is again fleeing sistanco to higher prices was dem- future The loues are heavy and jectives down on exemptions I ting was the have been oversold and inventories from the country largCopper corporation as the government have two important results: (a) It are being tossed into the federal the -- volume-ofis unemplovment "During the past two years a new est gold producer in the state reduced to the point where even rails to bring labor and- manage- - onstrated this week revenues citizens other millions would ls of withal! make ' all kitty the along unusually road large has been constructed from carrying that this company mines present industrial production re- - ment together The situation marks of a real crisis However Ophir to the main camp at the in Thcores directly ooncerned with pub- In return the old age reserve fund the Robinson district are vain more Undoubtedly far east he not all favorable to Ja ebbed in copper when the Demand quires replenishment in reduction It would produce is being given an I O IL by the such A of rapid output per portal new able chiefly for their copper con- lic spending the Buffalo tunnel some part of the strength in corn- - pans economy as the heavy fall domestic Price jumped to 10 mits an early clearing of stocks on road has been opened across the tent but so large was the tonnage an additional tevenue of perhaps treasury The levy therefore is modities derives from purchases for here In her dollar bonds implies cents I just an excise tax on all employers thereby preparing the way hill to Mercur a new road graded of ore produced in 1937 that even $500000000 per year a net gain of 8 of a cent a hand the armament programs abroad and The boycott is having serious effects taxes on an emincome tax 2 Income and Indusfor down an of earlier every Pare from can the main to the portal its small gold content gave the high resumption Preducers consistently held pound for the contemplated defense plans on her export trade trial activity and reemeoloyment of of the Chloride Plant tunnel and company last bracket on the income ploye In my opinion the present a gold output exceeding —The for li cents at borne On the other hand - it is- ' who have 75 per cent of handling of these funds It just ahort those been laid tax takes schedule a to new off road the Northern p the combined output of the three also expTained—by exhausted- supDecember statiatics were inter- - That such is to be the case in the claim These roads total five Light an individual's earnings in that of public embezzlement If workers miles next largest gold cotton In the case of the as ln goods producers " plies mountrich to are recession old current Stocks is receive one indicated claims a their in the have No in bracket that unfavorablage pensions made it possible Robinson district also the Consoliyprated length and sales of which this week are report- - M minr5 man a $1000000 annual in- in sound dollars these funds must ed sharply ai consumption dropped accompanying chart which shows to reach any part of the property dated Coppermines corporation come needs ed in the trade as the heaviest In an be for the much and indoes he to heed live reasonearmarked automobile to but and apparent secure upturn definitely latest by to a new low Domestic offtake mining copper ore on company ac- more than nearly a year report over the orecedmg able hauling charges to keep his business vested in productive enterprises— weekly this Im- count siliceous ' and and business a facts in gold with dry fell to around 18000 tons Specific week These figures on steel inaot "The main haulage tunnel has ore He will not borrow which means in other securities through lessees was the third up to date provement during the week were- Four directors were added to the part of the ihrinkagi due undoubt- - operation—per cent of onerating been straightened for largest gold producer in the state money He cannot sell stock Hence than government bonds! and enlarged ' steel in and on proiron the increase edly to deferment of shipments ' aeriacity as reported by Stutineas rapid movement of ore and waste Ranking second in production of in most cases his only source of Local Taxes Onerous of inventory considera- - Week—are 265 and 192 per cent by horse train The duction to the best percentage Since board of the Grimes Homestake account ' portal has been gold was the Nevada Min- new capital is from his own inthe end of November a more than Gold Mines Consolidated operating tins 5 Clamp down on special local and retimbered and drain- ing° company Weepah resnectlyelv enlarged which loadancar 40 at In operated in come After paying taxes large taxes—The in Basin the Boise Idaho about seasonal gain freight copper advanced Should this trend continue up age has been improved Export not have do ezrough employers sharp growth in state Emerald& of in thouall of county return to of stockholders work nual meeting lags the points but subsequently lost "Since the present management from the Decemberlow of 182 ward and trade their businesses barriers is a danger to left money keep city two of The followAlaimothe of largest producers Salt lotike City January IQ sands of employes the advance Russia and Japan we may expect the general business has been 26451 used to run or to Otis tendency as It means not only directing Reoperations they running were Metals the Combined amendand an for of abroad Were competitive buyers plans inging ratification bile facterlecin Michigan recession soon to subside verifying feet of development has been done" duction company in the Pioche dis- employ as many people as they for- discriminatory double assessments: in the and steel of demand slackened articles ment to the incorporation a time but for new construction the consensus among forecasting Ore shipped last year says the trict Lincoln county and the merly employed! The taxes on high but also the hindering of the normal ! authorizing the increase The board speculators resold with the irregu- -- services that the current economic report produced 120175 ounces of Treadwell industry in the south and in the Yukon company Ltd in incomes should be cut down These flow of national commerce Today nervousnciNe for Adam As ineludes and trade Wall Better prices conetituted Street chemical larity in disturbance is to be a compara- gold 3283789 ounces of ailver and the 'district and W Nye county Both same comments apply to estate and there is a growing feeling among James Tybo nese over the French political farm products have encouraged- Patterson JrCakeOgden i tively mild one—a 'minor business 3772832 pounds of lead 0 produced large quantities of lead gift taxes Certainly provisions for states that they place Imposts on City J Francis economic situation buying of merchandise in ag- Silver Salt a of dur reversal trend with cycle and zinc in conjunction with silver payment of inheritance tariffs must goods "imported" from another 1 ricultured sections of the country Fowles Ogden: Fred Taylor Salt Lead advanced 5 points to 490- - Ina the coming spring months state In effect state tariffs are be altered : Lake City George Schumann Tre- - 495 cents a pound New York Con- - To further suhstantinte this optiand &pedal sales by department Copper Proves Feature being erected Chain store "use" Cited 1 stores have found a satisfactory re- - monton Ora Mindy Ogden Her- - sumers booked sizable tonnages mistic oPticok recent stetistical The outstanding factor in the System English land special sales taxes ports of enin various localities withdrew when sentiment was norts indicate that retell inventobert Taylor Salt Lake City and S 1 of the mineral industry in spOnse 3 Reduce gains assus- try speeial truck licenses are en- i'' W Wherry and Royal W Eccles disturbed by the French situation ries are being worked off St a sat-an- d Nevada in 1937 was the increase of ments—If the capital federal government's couraging the growth of evil backConference Results Awaited f both of Ogden the Uncertain domestic Indus- - isfactorY rate which would restore more than five and a half million big source of revenue is to be the ward sectionalism This must be load of The major question however is The company according to the trial outlook i dollars over 1936 in the value of Income their normal balance by March or With a six-to- n tax then incomes must be 'stopped benefit may report of President Patterson is Zinc was unchanged at 5 cents ore sliver W came much Hoskins bow The out And normal Lloyd inventoprattical with copper copper produced i g Lower real estate taxes—The aided In every conceivable way After a tern- - April it retail trade probably will to Salt Lake City the past week put accounted for over half of the Hence emerge from ithe conference which carrying on active development of a pound St Louis the ries my opposition to big capital backbone of national prosperity la ltoosevelt held this week ore bodies preparatory to construe- porary pickup in buying producers- show remarkable recuperative pow-an- d from the New Premier mine near total value of the five metals pro 0 ?resident consumers reverted to a wait- era provided the purchasing power Thapah Utah 'Apprehensive of a duced in 1937 The quantity of cop- gains tolls England has a problem 'the building industry Yet real estwith five industrial and railroad ton of a modern flotation plant in similar to ours But she bears down tate bears the burden of 70 per cent ing position leaders and from that slated for the spring f of the messes is not too seriously reduction in the treasury price of per increased 9 per cent but the on the incomes and leaves e capital of our local taxes Municipal tax disresilver caused Hoskins son hie the metal next Wednesday with the 56 mem and of its the price rising unemploy by growing Impaired Her theory seems rates are rising all over the nation gains alone "business adbore of the tarded Christmas and worked stead- total value to increase 43 per cent ment Encourage the individual Assessed valuations are almost uni- However the road is not all ily in the pipe of ore opened shortr During the year twa areas logical: Pisory board" to make investments to start novel venally too high In spite of vast strewn with roses Inventories of ly before In Mr Hoskins lease The were very largely responsible for Coming from last Tuesday's le In the enterprises to open new mines so sums poured into local coffers by White House meeting Alfred P consumption woods such as reward was a premium of 13 cents Nevada's copper output t more money then he Washington in the last five years reWhite on ounce an of the district Pine he will make silver autos are P It d refrigerators Sloan Jr and Ernest T Weir both NORTH SALT LAKE Jen 15 (USDA Otraigilt Rohinson went rrtios i they In lambs 'Melted fat n–pay--a- n income tax year after few communities have made econo- Consolidated 1937 final Nevada covered the of inthe and OxPressed eatisfactIon In the spiritstill county abnormally may days large lann7ti'ectliu gTied4t125SeVIII7110jewSPitaell TrutestItIt trtredgetr:tai: Assessing capital gains heavily mies or taken up slack Real estate ' of Also occasion and in the imrovirio be very troublesome- in Mr Hoskins will continue to ex- Copper corporation the largest in- year 1°M! plain week's receipts lyearlings In the sOpply is like killing the goose that lays levies and high construction costs 5 for business state a ttrusked try ewee5'brouctiVu 1111 5 in dustrial the silver he tract from the business proas 1811: enterprise prospective says against proved outlook nwuetirkbeaso 811 ?pad are choking building thampion lamb retarding ago Municipal Liman of th the golden eggs trd —111Mich! i Manufacturing inventories the ore pipe and the beds making duced about three-fiftpared with a month ago Wall were otiady on thaPkitdaY ager stock etc:Zeil waXneo Ill tRoall7a upturn 4 Eliminate securi- expenses must be cut so that both I Cairo Consolidated the and and of plain Crandaric'uo ihreet responded with higher prices loari'llig from will Since state's out the of are rather it take first copper also 0c7 heavy c:itggsted for $101 valuation's tax a ties—Under can be— and tax rates schedules be present lndi”1 CRT InnT?ite ' 1 C011aiderable time for liquidation at tober when he took the lease he Coppermines Corporation which for for stocks There will probably °201 Common loreUTiedfg Roiliapoieurt:d down to $400 fere lion rit11 is slashed 41'111 man's shunted Californham of wealthy capital car moved similar utterances following the Local heifearaliwa rated at $4 50 de 500 A and pen Iota 120J the present declining rate of con- - has sent in three shipments of 50- - several years had limited its activiwithin a range 10 Cut public spending—Most securiBut unless few medurind ounce ore Now that the silver ties to leasing the precious metals front business into tax-frr$4800!500 sumption gathering next week action 1800 1 and common to deas ties such for government state and important of all we need a couragand 1011 ANGELEI hi 15 ( the unknown factor of emergency is a thing of the past sections of its properties reentered some concrete form of Cutters moved at $325 Or 375 went 450 Finally Bulls This is bad poll- eous about face in public fiscal poll-dcutter at $200 fr 300 ! Hoge—Roceipta for week 1900 butchers it produced on IOW$350 may aid a speedy re- - he will take his time and wait for the field of copper producers In municipal bonds difficult feating the recession 6450 and the beet veal calves at liteady to 15c lower sowsdiP strong to 25e government to secure Current false notions that It makes it the business world will at for- northern Elko county in the Cope cy occasion ft $50 COMMOn and medium vealert higher this before 935: closing covers or it may so gum up the better road conditions $800 $885 graintedi 1 to pj $900 new capital for business enterprises the "government" has an unlimited locale ss35 f3900 BOWL se 25 6500 Sr 750 as district Mountain than the to retardmore Copper soonlose the confidence which out- brought City took a machinery market larger shipments warding week's Hoge—The t sessions after' 8000: Cows steady to aid business improvement It ap- ward evidences of cooperation have downward course on company a subsidiary of the In- There are about $56000000000 in reservoir of cash at its disposal stoeultites matcerl advance and clong ise lower: other clams ateady : fed ateere n:: t si be o the ternational Smelting company and nontaxable securities outstanding must be banished Remember tint most q jmnortan FrostPti fed licit wecle to lhe lower than at w k It075P r oilwo s575 095: 1' m Intl In si50: rows $509eiV 600: top 0500 gie factor in the basiness A tate ton of 8140 wita mode Meet Naturally these cannot be "A dollar saved is a dollar earned" Stockholders Vito an affiliate of the Anaconda today to 16: profits lsd Mettti butchitm and mixed medium to 0400 bittla Truro citrter grades S - n5 feeder steers: equa tio n nowadays Copper Mining company operated 'taxed but income from new public Economy NOW is vital to our fu- Sows S550 ft 02 : few to 88 SS toed kind rated at 8725 Public Stoelholders of Park City Con- the Rio Tinto mine and was the bond issues should be assessable tura income must be stork cows at S550 73 $350 h 450 The most important seAion of Julked t'' run of ghetto and lambs for Istiers b g600k1750 solidated Mines company will hold third outstanding copper producing Besides forcing money into business boosted and public outgo musb be the eight-poiprogram to check theSheep—The tor week week numbered 12941 head to Corn- 825: steady scuttled Intl' all budgets are baltheir annual meetingJanuary 24 at company of the state These three channels eliminating 13896 last week and 19285 litat to 25c lower: wooled iambs $8004860 the decline'proposed by Republican pare with I A part lbad of 97pound Utah lambs ewes 2 p m at the company's general companies accounted for over 95 should also tap a steadily Increas$325 0400 Unless public spending is anced House Leader Snell Is that in which year t were weighed off the car at $790 with a 01iA114 Jan 15 in Blow 1!'! of Trucked war ewe out at 1325 offices in the David Eccles building per cent of the total state output ing source of new revenue for the reduced I do not see how we can t good Receipts 1800 weights 220 pound the continual preaching were about steady with last week up steady to lower lambs than be Friday's our own I 1937 On the other hand it avoid ultimate inflation! government Ogden during and several lots moved within it range of average- - Ilighter average nominal: small against and hate among --and common light kinds le t197pouud $800: good and choice 220 t t people!' is opposed The adminis $8754800 One lot of 240 pound 0 downward to $800 pounds 17600790: NEW YORK Jan 15 un—The tration has had sufficient evidence ranged trucked in ewes brought 12275 wall a 57150765: 280450 pounds $600 tt15: t taw wows the stock out York at to New few good $190 $SW compared Friday exchange from the country's reaction ' ' and last week weights 220 toundel down: steady asked all companies with OGDEN Jan 15 tli8DAPCattlei mod to 10c lower Jackson and Ickes speeches that calves—The week's trading WU Just pounds I0430e sows 240 lower SOO Oft: on sentithe 760 listed lit the general exchange pounds tia these do not represent the t erately active and Interest was shared with the stock show steady to 25e off ySnaitttiritdmay 't 25: tompared with Fri to value inventories in Punts of a majority of thinking market which was in session from January 7 to 13 fed steers last cost and to week or day yearlings at friends that compare numbered 4167 bead true is Receipts equally It 7 SIZES OF DIESEIANGINES—L11 to 160 H P people Q to 25e higher: weighty fed beifIrs ' 3081 a week ago and 4091 a year steady is lower in war with whichever verbal of the with are 25e of lower: tiring labor lightweights heifer market the rounds steady On fully sec early N with I avvevted accounting -beten Pug cows steady 10 25e lower bulls Furthermore to toward the and of the Week Steers were higher it the exchange recNend A IP wesk veaters steady stockers end feeders ' abtriVgvel"wegmratisiorwoy::re binks led 1 for rterusge:" 'teen week 1 fully the steady: 87006850 several toads ommended that positions regarding 7 SIZES OF DIESMELECTRIC GENERATOR SETS' titop them busy In controlling and yearlings Aide ofoimmrAttui: IT° anid2Bottanl:uriald Irtitdh and future commitments bgted weighty toters and medium weights $8 75 Inventories internal dissensions in these organtOtt7 choice 6050: With four yearlinge at bands $075i S700 as --long rubber for ra'w materials such 20 t itationsand meeting the pressure ten changedttot:158i5e2' to 80 KW tiound 51050: gond td choice fed heifer wool inteigynblol"tesert::: $85001800 for—reduced wages rtie11qsog few loads 11810 it 825 beef cotton sugar wheat etc cows $3on tit 5 so: few Iota V 800 driveins lot of odd t The $375 bulk plain next in should be clearly stated tinnual spring emality when contraett expire t cutter grades $3750r415: bulls $550 t i gc0711 tro2:41da IldaTo 825: few ' ' - What has been described es a rdaeirtgeà Afrogat60? heavy beef bulls S6350850 reports 11825 and a car went 15 at weighty Jan heifers CHICAGO inadminis4 SIZES OF DIESEL TRACIUTYPE TRACTORS taP4113DA1—Hoge more for The request complete r i' 'deal" with the Roosevelt heifThe bulk of drivein at directs 2500 including 2000 —Receipts (Rabe $5050 corn was held in Wall Street rated at 85009575 with a few Me- needy to strong with Fridays average on ventory data i tration by the sevegovernors of ers --- 35 to 95 DRAWBAR IL P supplir: spots shade higher on medium to be one more atep in the ext southeastern states is reported from mon kinds around $450 and down '912°l small - weight butchers: 'lights very scarce small ' po- - lintuomeaamg:sudarndwa:t1T3drttes4445 In return t number good and to 180 pound change's drive toward greater uniWashington and- cutters bmught S20093o0 8830 g 860 to 220 pound cutters 200 ' fp $800 litical- support of thii hook And 0 I at 825: 230 formity in corporation reports and rpound 57P0 OP 725 park t took more enlightening statements for Mg sow bill it is alleged the adtrilnis r41145tranr Vutt:erelteullbsuignitievde"ttio nominally Lives 300i holdovers 600 steady: shippers t wages veal week 4 SIZES OF GASOLINE TRACKTYPE TRACTORS ago compared can c!itoico rateti3-:?sto to see if: 1I ' what it grd918c1 tration will downward from 200 pounds steady stockholders ' rectify the present freight rate dif- - dium- - yeateril at $50014171r nm 'Ina weights to Sc higher : 210 pounds Upward 30 to 10c ' —745 to 54 DRAWBAR II P littler lower packing sows 15 to 25c Off ferential between the aouthern and nockpollhorH—eTtgrrigod ethvnlroen Cattle—Receipts 500: calves 100: tom Meeting Postponed YI'reoratontoa "i the central classificationterritory ademon fed tenni and Boy club member of botlell pared iirriday last week Utah we sold to the Ben Lomond yearlings strong to 25e nigher: plain and The annual meeting of stockhold'' Railroad rates of course are deter- - of The grand choice grades Ogden 'for St Der pound showing moot advance mar you---- 7 Halloran Savings and 'I mined by Ithe interstate commerce champion fa't cattle a load of Utah kit active even in fact of liberal receipts ers of 1 ROAD MACHINERY TO MATCH EVERY fork Satmedium weight shortfed otter run Trust ompany scheduled largely t eivenl OrLhlret!arlotio rtetirtism:csie00k7r1 cornmiasion not by the president with typical yearling steers scarce: common A mitt to been has March steers :stees rated at postponed cows feeder and of heifers Jones $7 urday cutter H of and Mr Roosevi grades plain SIZE TRACTORJesse ‘ r wemotle:Idoz-y- at Ilsei01004474 Cliave alreridy gone as fat Intreilogit-gori 'heifers 25o higher but fat heifers scalin ICF ''at 254 over 1135 800 cows intAcalves and feeder 25c -lower: in beef can pounds as they s go discreetly ! i Hogs—The market on hogs after an off bulls 25 to 40e lower and veined 50e r 1 arty advance moved downward and ended higher extreme top steers $1210: long Ore Shipments mating to the Commission that a ethe 7' ' to week 10e lower at 'steady 151125: price light $1075 in the decision favorable 441111C1C yearlings spronme ' and The bulk of best local butchers late moved - fearlings pound kosher 'heifers with 1000above Dnited States &meatus Refining and 15 per cent case would be welcomed at $825 9 840 and medium- to good mix8850 Very narrow Mining erkan company 7010 tons so ws spread between common tures at $725 00$815 nd trade - ' Packing good of the the 8 seriousness This and Refining company suggests STbetters and also between cutter grads cows Smelting 9 li brought 42 I Mined company 'runnel and National Stock show—The situation and good boot cogs selected treaters lets tip Utah railroad grand champion bar company Copper daily row a Cheoler White shown by to 81250 ears 502 le F A member Porrest- a f 1200 di including Railroad- Faults Overlooked ' aheep—Receint1000 TINT1C Tromonton Utteh was bought by the recta: Compared Friday last week: fat Tintfe Standard and Eureka 8tan1ae44 The lambs 35 to 50c lower yearlings weak to omond hotel for iti rents per pound There is however another angle -- ram — champion ear of hogs Chester White 25c off sheep 25 to 541c higher: feeding 30 enrioada: U IL Mined 13: Mammtah y InAllewenLAL1105aiiintenhezioact-lota- to itthepreferredpotitio testi—top "Caterpillar" Distributors : 3 Eureka By CHARLES F SPEARE Copyright 1938 for The Tribune NEW YORK Jan 15—The psychology of business this week lf improved also the temper of the Roosevelt administration i t!j - - I- 71 " AMIN 1971 1936 - The we-contin- - ' I 1 NI 1)3liarl111111 I - !I DPI le! govern-reasonab- Tintie Ophir Business Shows Symptoms Of Resuming Upward sTfend Results Cited -- and-indust- rial ' mage nt - d- Raises Curb -Metal Sals - It 1 Sun-NE- es - ear-meta- in-th- () ' 5 3-- Company Enlarges Board 4 all-v- et - 'it - re-th- Shipment Beats Silver Deadline nt Livestock Market Prices du-ab- I - com--Lato- nt r 4041-0"- Sr Big hs tax-exem- pt lIagril 1 ee es me-s- b Cattle--Itee- elpts 4 - t1' Inventory Data nt Sheep--Rec-eipto I Reform Sought 240-28- 0 I from-employe- rs- ' and r C aterpillar' - - to-21- 1 — ' - - is offer ' ' ir ' - - - -- 4 - 1 LANDEs TRACTOR S5-2- - 1102 05-to- n & 111 EQUIPMENT co T sre-- Cls on iambs thie week 5885 only di'vlsion one slettglter RooseVelt administra- - 4" src945°11rrtVe in the 'ghee outstanding 'experimentally fed ne head! while a the lot 12490 Industhis iambs at $900i bulk good to choice railroad the tion has placed offerings ag2511 865 cloning bulk $825 try ever alfice it came into office yweelte: :gc: sliZe27(1)7tolt°Zd'duotut!i!'iolees 0'850 with late top at outside: yearling! went lambs Idaho 10amound of isle top yearlings $780: stso 800 weight' with the power industry compared ewes $400415 few scattend or with the manufacturing business rolbeoraiolaigh:r4:::i s:45:$72ig slaughter lota feeding iambs 4750 825 VhiCh ' - ' 1 t $ t the eeoad :IL: 111: 3: Lilly eomnaity (silica) North Lily 3 °mays IV Gunderson lemma 2' Pitaus 2: Apex Standard 1 Dragon Consolidated 1 PARK SITE Park Cite Consolidated 1138 tons Park Utah Consolidated 1624: BUY'S king Coalitiod Aconcentrates) 92Sa 0 I HEADQUARTERS-2- 1 - 45 WEST SOUTH TEMPLE SALT LAZE crry- - I 4--- 1 - - ---- - -- - -- - - - |