Show - SALT LAKE TRIBUNE SUIsiD'AY MORNING' MARCH 27:1938 THE 'rade allotILD ustr 40 - ' I trends again bore witness to hesitancy along the business front in the week just ended Throughout the nation there were signs that trade and industry were laking on life for the usual spring revival Nevertheleo lack of uniformity indicated to business observers spring business had far less momentum for the upgrade than at this time last year r ' 41 a I 1 i I Hold Steady ! 1 i a n d 1 li a a ii I b f I I t II a 11 e a F a C o a d b f ' I s : I I I 1 i I I I ( I 1 I 1 a ' 1 a I I a ' I I 3 4 3 : I I 1 1 4 March - 2—Any tariffs of 114 14:1 output Declines Motor output declined to 56 900 Units from 57555 the preceding week and compared with 101115 in the like week a year ago Ward's marks 2136 y y I 2 ms of $16631 During the year the company re- calved 8281621 profit on sale of stock of American Metals Corn- pany Ltd and $500000 as cash set- - tlement of a judgment obtained against Kennecott Copper corpora- tion plus an estimated profit of from delivery by Kennecott of 5400000 pounds of copper pur- to a eettlement)tgreement Copper production suepended because of low May 1932 suant farm income and pay cuts and lay- dining 19c: candled smalls 1412c offs in industrial regions cmcAno March 26 (AP)—Butter— Creamery prices was resumed in February 878902 pounds: weak Standards Freight carloadines drAped 29 Reeeints 1937 92 score 2734 028c: —Extra per cent to 540322 in the week 90 centralized carlots 2714c Other Prices The principal holdings are in the ended March 19 the Association of Incmimed 98 caret on track Robinson mining district White Potatoes—Receipts A '241: American PAllroads reported total U S shipments S14: firm Pine county Nevada sizable droll in coal shipments con lunnites moderate demand fairly per cwt: Idaho Burnt Burbank trasted with a moderate uptlyn in Uticked North Ca 6 No 1 814212 015214 Bliss Triumphs U S No 1 9130 shipments of miscellaneous prod Nita lotWere 90 per Cent U 8 No 1 811746 acts 0120 Output of electricity in the week ended March 19 totaled 2017653Suvar Market 000kilowatt hoursa—slight—rise —MEW—YOR K March 28 'fflit—Raw NORTH SAL7 WM Much 2S (USIDA) in cattle this and calves-Tr- ading from the preceding week but 87 sugar was unchanged Saturday at 297c Ho idere asked 3 tents and week was about on the same basis as a bid for spot per cent under the like week a sales were reported at that price for 31 100 week ago and good slaughter steers and cows advanced In price around 25c Other bags of bags of Puerto Rims and 18000 year ago Receipts-dPhilippines- for April shipment to sit °mo- classes held steady to strong 1319 head STPC04i York 4 - NEW YORE March 26 tone were active and higher on trade and rm mission house buying and owing to searcite of offerings FlitUrel closed ail to compare with 1080 a toted No 4 futures closed 14 to 2 points net week ago and 1381 year ago Medium Maher with May at 1 00C and September and rood local steers in the truck divadon moved within a range of 11900 725 and Pales were 7150 tons 105e some at kinds around $500 to $530 Refined was unchanged 4550485c The plainheifers best for fine gramilated rated 8625n815 with Futures No 3 closed unchanged to 1 some common and medium locale at $485 The best cows went at $475 40 Sales 22100 tone- - May 44400 mint higher 2o hid: July 215e bid: September 550 Common to medium cows brought bid: January 218e bid 34009'450 and cutter kitide made $3no 400 with no low cutters in the run Butts Medium to choice brought $4000575 tor blaher October 20 00 785: 8 a at veaLcalvesrated Increase in Auto illtput Expected hit Second Quarter at S150 U $450 hl 700 ci 10-- April-May-Ju- ne ' ' n 12-7- I On-Recovery—in-11--S monimr4 A 1114rA "1IrrF vPY - 11 y7P-- Am tf rozom r By ROGER W 13ABSON Copyright 19381 for The Tribune BABSON PARK Fla March 26—Business abroad Is slow just as it is here in North America Britain France Netherlandsin and the United States are the heaviest sufferers Declines other nations are merely echoes of the sharp slumps among these four nations Busiest areas now are South Afrida Germany and ' 1111111PVrserves I - ver' (7' AF:dmucuizn '' I v 1 - Scandinavia Peace and prosperity without made big strides ahead in good foreign trade is impossible gall' but the current recession has either in America or in Canada 1937 Million' of jobs depend on sales of slowed down activity in Czechoour good" abroad The Saskatche- - slovakia wan wheat farmer the Texas cot- - Scandinavia: Business in Sw- i den Norway and Denmark is pretty planter the Michigan automo- Enworker and the Masaachusetts chmelY tied up with that of hand fil to realize this yet it gland and the United States Conhave these countries three sequently is absolutely true We must "give a 'lecke:zing in the advance of and take" if we want to have "good felt output since last fall times" at home and if we want to industrial are however still far above relieve the economic pressure which They makes aggression possible abroad the world average of activity The in commodity prices and That's why I aril 106 per cent be- - weakness the drop in international shipping hind Secretary Hull's reciprocal are the worst blows Of the three trade program! It's alao the rea- - countries Denmark feels the reces- on business son I a check keep why The prophets of doom have wangled unmerited press notice so I can occasionally give sion most severely while Sweden overseas with forecasts of an early oil shortage says the Administrative and The way view of for- - is still a boom country readers a "word's-eye- " conduct themselves Research corporation's current weekly letter In 1924 when the Significant and perhaps far eign conditions economically and politically is an federal oil conservation board" was formed it was prophesied that reaching changes are discernible in Feels Decline example for the rest of the world the nation's supply would run out in a few years Again in 1927 wide Wishington Evidence accumulates Britain Mediterranean Countries: Italy of a persistent trend towarll conBritain: A delayed break circulation was given reports that Great servatism in government accord- in business is in progress Stocks Is it very busy but a very poor oil reserves would thin out to la dition to proved reserves more than ing to Broolunire Economic Ser- have been sliding downward since couetry today Unemplayment has been almost eliminated- - but worktrickle by 1935 The East Texas balanced production of crude and vice 1937 and are—how at the lowof the present reserves may some are badly paid Taxation is Not only in Washington but early strike In '30 put these fears at rest est point in five years If it were ers be tapped for years It may be not what is more important in the not for the gigantic arms program enormous and the lira—the national and subsequent new discoveries la small that there chance argued should have halted further gloomy of another East Texas that a war country at large the prevailing business might be as bad as it is currency—is weak Abyssinia is a drain Il duce is pushing a predictions with thousands of planes in the air temper is increasingly in favor of here The passing of the peak of big policy but Italy But as recently as January 1938 will eat up oil supplies quickly that (a) modifying earlier reform at- the building goom and the slowing to a statement that oil reserves would diminishing gas pressures and salt tempts' (b) opensing further ef- down of ocean shipping are adding has even fewer raw materials Mussoforts to regulate everything from to the British slump Our 1938 ex- work with than Germany be depleted by 1941 was apparently water seepage are constant dangere lini like Hitler is headed for ecoso Impressive as to be repeated by True 50 per cent of our present Washington and to compete with ports to Great Britain barring mu- nomic chaos Meanwhile will show a sharp loss over nitions Presideht Hooseveit—AccoMilig to national supply is obtained by private business (c) giving the continues to impoverish and ruin way to measures for re- the 1937 figures the American Petroleum Institute pumping rather than pressure right ofobstacles herself and Greece howand uncertainties figures (see chart 'above) proved flow but no evidence has yet been placing British Commonwealths: Au- ever are Portugal two bright spots with steps to restore confidence stralia oil reserves as of January 101938 New that and Zealand Canada produced pumping judiciously totaled 15507268000 barrels corn- - handled cannot go on for years It and spur recovery are feeling the ahock of the Fascism Invades America Starting with the supreme court stock!lbw pared with thirteen billioh last year may be 'assumed that proved oil market and buenness slumps South America: revealand some twelve billions on reserves plus untapped sources are reform plan through such in con- in the United States and Great prices control the Commodity prosperity of our uary 1 1936 Even at p?esent rate sufficient to keep abreast of con-o- f ing developmentsV Aas those The break in commodity southern neighbors Hence the nection with T the meeting of Britain bee use petroleum reserves of fifteen gumption The growth of Diesel d hit other hard prices empire price smash in international prodone-ha- lf billion barrels would gine usi and the mixing of grain "little business men" in Washing- members such as Nigeria East ucts such as coffee beef cotton over 14 years and it must be alcohol with motor fuel are other ton and the recent election in Se- Africa Egypt and India Outstandand wheat means that the considered that exploration and means of lifting pressure from fu- attle a train of events important un-to ing dominion today is South Africa copper 1937 "boom" will not be repeated underlying confidence has been new discoveries will continue is ture gasoline stocks still on this year where the gold boom After three years of folding In the past few years first As a whole our 1938 foreign trade steadily improving conditions South Development of this basic trend mates of reserves subsequently had the British dominions will America will mirror the recession together with response of congress with to be revised upward new acre- to pressure to spur recovery by show a smaller drop than that with going on in England and the United age is tested and reserve pools States such means as the housing bill and the average country Best trading prospect gauged these figures are added to Insistence on modification of un- France in Trouble among the leading countries is Arestimates Worthy of mention is the distributed profits and capital gains My feeling is that the bigfact that unusually large gains in France: Huge public expenses gentina recent developinent in South gest KELLOGG Idaho March 28 (IP) tax carries important potentialities underground reserves have a beAmerica is the new dictatorship in are in the direction of plus high manufacturing costs dency to reduce property values —Wallace Woolf superintendent of They week are Brazil the profit incentive cause of the The "fascist" idea has strengthening and depress prices Hence it is not Sullivan Mining company's elec- which is at the root of enterprise wrecking French business Indus-- crossed the Atlantic!' at all unlikely that producers are the zinc announced and should help clear the way for trial activity and stock prices are Japan and China: the China not over anxious to publicize un- trolytic the plant here will go on a expansion in capital goods indus- drifting doWnward while living adventure is a big drain on Tokyo Saturday plant necessary surpluses Last year 32- - three-dacosts and unemployment are creep- but she is standing up well under y week schedule April 1 tries so essential to prosperity 560 wells were drilled in the United The schedule represents a reducing forward The weakness of the the strain Because of the war it States uncovering 223 new fields in tion of franc may force further marking Is almost impossible to determine approximately 50 per cent 15 states down of the closely allied Swiss true business conditions The inin operations and affects 200 em- Ore Shipments To illustrate the increased elBelgian and Dutch currencies This creasing restrictions on foreign exployes besides 40 others who will Branham ficlency provided by geophysical be laid off When current construcUnited States smelting Refining and would be the starting gun for an- change and the decline in stock America!' other race to devalue world curMining surveys only 19 per cent of these tion jobs are finished company 8065 tons prices indicate however that she Smelting and Refining company 1140: Nawells were dry versus 32 per cent Woolf said the low price for zinc tioual Tunnel and Mines company 1000: rencies with a resultant blow to has tackled a big Job One thing of in 1930 In scanning the reserve plc- and Utah Copper company average daily international trade France is one is certain: Both countries will encurrently poor market made the 433 cars ture foreign explorations by United action of the economic sore spots of the deavor to buy less of our The Star mine Tint le necessary goods in States companies must not be negStandard Tintic Standard Eureka and by the 'same company 35 carloads Grand Central 28 U 8 world today the future than in the past Japan lected In any United Etates emer- operated went on a reduced basis last Mines 11: Mammoth 10 North Lilycom-5: Germany and Austria: Business will get 'much of the raw cotton Chief Consolidated 4 Utah Fire Clay gency much of United in both the "fatherland" and her for her textile mills from the fields month pany (silica) 4 Plutus 3: Chief Commit trolled foreign production could be Ac- of north China rather dated (lime) 2: Godiva 2 Eureka Lilly new subsidiary is excellent than from deflected to this country In 1937' 1 Apex Standard 1 Euma L Net Income for of the Mort Mk tivity is double the low levels of Texas and she will attempt to Park the United States produced 628 per & Western Hallway February City was company $532802 Park City Consolidated 1360 tons Park 1932 and 1933 Stock prices on thb crowd us out as China's biggest a decrease of $1852785 with compared the cent of world petroleum 904 New Park Mining Berlin bourse furthermore have merchant Yet there is st 1937 Earned oncommon stock Utah Consolidated ner-u- p 300: Silver King Coalition (cowas Russia with only 98 per InFebruary February was' 32 cents tier share com- eon1PanY been moving upward against the bility that an awakened Chinapossi602 ncentrates) with in' $164 per share pared February cent 1937 Net income for the first two Months world trend but Germany's finan- give us ssufficient new businessmay to Looking at the distant future we of 1918 was $1242203 a decrease of $3- cial reserves are about exhausted more than offset these losses Detroit Motor for Products the with two 279222 in compared first corporation and that new reserves and finds are months 1937 showed income net of S2147131 Hence the annexation of Austria 1937 Earned on common stock essential if consumption is not to In the first two months this year was 77 equal to $5 49 a Mars pn the capita! stock with her gold and raw material reshare compared with $310 per compared with $1372160 Or $391 a cents Rubber outpace production Last year's ad-- 1 share per in the same period last year share in 1936 sources is actually bullish There NEW YORK Carob 28 National Sugar Refining company re is less danger of immediate war rubber futures closed unchanged to 9 Lower Jule ported 1937 net profit of $708781 equal now than at any time since Hitler's Sales No 1 standard 59 contracts to $122 a share on the common stock 10: September 1325 December 1345 rise to power Poland and Hun 13 Smoked ribbed snot 1283 nominal against 11458224 or $252 in 1936 1910 1912 1914 1916 I - Production 18574900 Inc 1111111111111111 1918 1920 1922 1924 1926 1928 1930 1934 t336 938 1932 eton bile mill Nation's Crude Oil Reserves Hopeful Signs Keep Pace With-- consumption Of Change Seen At Washington these-natio- ns 1' a Jan-boa- rd en-an- it Work Cut Decreed At Zinc Plant 40-ho- ur -- n States-con$3000- run-duri- (AP)--Cro- bought for reshipment on the Ogden mar-hcarry freight benefits In variabk amounts except when otherwise stated KANSAS CITY March 28 700: calves 300 for Cattle—Receipts week fed steers yearlings and heifers curtailed supply of steers on mostly steady the does serving to offset lower trend en' eastern dressed beef markets tat one 25c lower : cutters steady: vearlinge 50 es $100 lower: 'docket and feeder steers 25e to as much as 50c lower: week's tons: Choice to prime Yearlings $985: medium weight eters $960: bulk of suPPlY upward from $775: choloe heifers 5850: Yealers $1000: fleshy feedere 1835 stock steer calves $850 Sheep—Receipts 300: for week MUM to shippers $835 packer top $825: top and bulk $810 clipped lambs few native spring iambs $7250775 950: top ewes early $500: late $9000 said good serail offerings $4000415: to good light and medium Weight drive-in- s Mediu aud shearing lambs mostly 67005 brought $7750815 and packing sows went 750 a at few with $550rn 850 earli mostly March 26 SOCTIll BAN nuottisco In the week at S675 TOO for five run of sheep and lambs this Sheep-T- he last 1215: days compared Friday week totaled 2945 heed as against last strong to fully 25o higher: medium to steersi week's receipt' og 4 8018 arid last Year's run stock very scam about steady: bulls of 4g85 Nothing was mold in the car lot she five loads good to choice 825 division sod trading in the trOck division unchanged fed stars $875 was on an unevenly lower but§ in keening to 900 latterIonic yearling top: medium to rood fei:F with the general reduction at other markets steers 1100 pounds down $7250850: The best truckeddn tat Iambs chanced hands medium to fed 1110 to at $125 790 some weighty kinds deers $775good ea 8:50 package California &vomiting 109 pounds lat $100 stock sterns 11600: few medium Note: Carloads or shippethin livestock grass few med lung to good boucht for reshipment on the gait Lake heifers $625g ts700: rasa cows $600: medium market carry freicht benefits In variable light Idahos 5600: half load weighty Ns amounts except when otherwise stated cows early up to $550: vada OGDEN Merit 26 f LISDA)-Ca- ttle anti commondairyto type medium bulls $450 13:625: calveu-- The market on cattle was fairly today's receipts none active DM week and prices were strong to for five days 115: around 23c higher except tinders whsch Celves—Receitts few sales steady held about even at last week's prices Re- -' good light voles Uinta unmbered head as compared $90001000 choice above: few quoted oo 24 week a with ACM slid 1993 a Year general downturn 111 this week lowered the local hog market about 25e 40e 'with at late top of $9-0on choice local butchers mixed medium klogs-- The motor car industry's deterDE'rElOIT March 26 (A13)---T4nination to harness its production lines tightly to consumer require ment is being more emphatically demonstrated as the 1938 produc tion advances toward that period when a seasonal spurt in distributon is normally expectable One or two factories that have The policy was decided upon In the period immediately following the kept output on a level comparable 1929 There economic dislocation with that of last Year have an- - were matters of competition dealer uounced temporary curtailments supplies cars in transit and a mutothers whose earlier stocks met titude of other vexing problems to consumer demand are beginning to be solved Mt Thirty-twago head of good 1030mound expand their assembly line activity Problea Simplified steers local feed lot went at S775 a from to replenish dealers' stocks The 29 bead averaittu le 1034 pounds at Currently however the applies- - and with odd head sorted from each dot sum total of these activities has tion - $150 been has at One lot of 25 head scaling 860 the of simpli$700 policy been little Increase in the indusPounds Medium to good brought $125 :fact Initial fled the that by very In odd lots Tatted at 6575 to trys aggregate output b ut a gen output of new models exceeded the driveins Plain and S125 65 25 down at kinds Oral easing of the dealer position A ear of good Utah betters actual retail requirements and at S680 was sorted four bead at $6 00 generally throughout tho country forced a sharp slowing down of fac Medium and rood drive-I- n heifers bulked at $55130 II79 and common driViedna First Quarter Poor tory output Now the manufactur- around Odd lots of 6500 and under So far as volume of assemblies is ere' worry Is td be prepared to keep light etnek cattle brought 16690 PLA 15 good and mettlim stockers went at 1400 concerned the Industry's tempo abreast of competitors when the up- - some The beet drive-i- n under St pows moved medium 5 to 15 Sti00 and common kinds till is considerably below that nee- turn in consumer demand appears went Low cutters at 6425 we 475 mostly Producers and distributors wno and cutters brought g300464Qd with essary to Indicate another "good" down to g290 under Ociod bulls production year- - On the basis of- expect a bulge in the second quer- few went at $3 000 75godand &mutton to meGood and chole bulls at 14no fa a 7 assembly line activity since Jan- ter have ample precedent for their dium veal calves rated at $8256 950 who uary 1 and the expected output for belief Even In the discouraging erworlaCon and Medium kinds going at 6500 fla ROO the remainder of the current month year of 1932 the Hoge-- The market eta hogs took a down the year's first quarter production quarter showed a sizable upturn in ward course this week and the best butchers were 250 ene lower than last: week's will approximate 700000 cars and factory sales Since the Industry Bows were around 25c lower A trucks If assemblies for the year switched Its introductory period to clogs late tOD of $900 was made on the boat to 230 nounds the drive-iaVerning 1ft0 than fall below 4000000 however a much November rather January u Mixtures went within sa num of 577510seen a high 815 stiffen curtailment of buying than second quarter-band riarking sowa at SO 254 (175 Shoop-T- he' weeks run of sheep most sales directors expect will level of assembly lino activity lambs was very light With a total of 1499 Indus-and heacL to compare with 81 32 a week atm and have to develop during the second Following tradition in the was limited to a year ago third quarters try the second quarter output 9441 the truck division Trading as most of the week's were moving on through billing Carrying out the policy of hold- -- should bring the production for arrivals A few iota of trucked-ilambs moved ing production rigidly to sales de- the year up to approximately 60 at 91505'775 and some fat feeders' at 5850 A few odd bead of ewes brought mend has been anything but a aim- - per cent of the expectable and $350 sk pis-tafor the motor car makers volume Carloads of lahlinted-h- t livestock Note he i num vealers at L A Saturday's Livestock larlzet Prices Wool Futures - TradC-Rèvival-Depends:- v ?row Ar 1 - - Accumulaled Dafoverics alliol II IIIIIPf I Economist Holds World CRUDE OIL - lamom ----- -- I w RESERVES AND PRODUCTION DISCOVERIES mill" Copper Firm Reports htcome 623Vic: exchange 'Pedals midwentern exchange standards 2114c fancy mediums 210 2011021c: near-bme2314c: nearby and western exchange coast Jumbo diums 2002016e Pacific and premiums 2014 ff 30e special 25410 200: standards 2416 095c: mediums 22 2214 0'4c 23c: browns extra fancy Packs 210 nearby and western to 'Pedal 18030c: mediums near-bsmall 22e: automotive reports said In the background of the slacken- - duck eggs fancy 35038c ANGELES March 28 (AP—Pm Ing pace of automobile production dues100exchange Butter 345000 receipts: 48800 pounde experts said have been such foe pounds: cheese 280 in bulk—Extras Butter tors as shrinking dividends lower Esse—Candled large 21c candled me Auto t 25 the -- Cr ring Rpviv : "-- corregaattnn I 1 lffn I 1 concesmion on existing lead and zinc now under considera- Uon at the reolprocal trade agree-41- t10 ment hearings between the United British empire States and would be harmful enough in good E i c times but little short of disastrous 2 in the present depressed state of the lead and ZIRC industries accord- - 01 Int to H C Parmelee editorial di- rector of Engineering and Mining Journal He points out that at least 10 central and western states would c 'd be affected and the welfare of sec-eral hundred thousand people- jeop- ardized 11111114 IIIII "Employment is already at a low 01 ebb" he says "Marginal producers 1900 1902 1904 1906 1908 are in a precarious position Deprived of their market by Imports from abroad they must of necessity succumb to cheap competition" Both lead and tine are produced In the United States in quantities ample to supply th e domestio mar- - Produo- I 1 30 ' a ?s YORK I I 35 For the third consicutive week the steel industry pushed opera- Cons ahead Output of electricity gained a little On the other hand declines were recorded in motor production and carloadings Fair weather in some parts of NEW YORK March 26 the country increased retail sales Live steadiness and fair to good busiAlthough total distribution was un- - new in the foreign nonferrous metal der 1937 experts noted that at this markets last week was in sharp contime a year ago Easter shopping trast with the inactivity that perwu in full swing Easter comes vaded the domestic situation The three weeks later this year than sustained demand abroad reflected ket Since 1922 theyhave been pro- last the heavy armament program tected by moderate tariff - rates moved irregularly Export copper Trade Index Rises While the general trend was lower based principally on the difference The Associated Press index of the demand increased on the reces- - In cost of production at home and industrial activity rose to 688 from (lion Output of copper abroad was abroad These rates have been highIn the like reported to be about balancing pro- - enough to protect the home indus684 the week before duction but consumptive rate bad try but not so high se to enrich week of 1937 it was at 1053 The 'commerce department in its a slight edge Sales in the domestic producers at the expense of con- - sumers nor yet too high to prevent Weekly survey of 35 cities said market were slow but the disapZinc Imports seuo al demand for merchandise pearance is believed to be exceeding occasionaltimports soared under excep- 'swelled the volume of retail trade bookings Evidently consumers are for instan4 tional market conditions of 1937 drawing on reserve stocks throughout the country" ' "Granting the desirability of ex- Lead was unchanged at 450(6455 "While the 35 reports show vary- - panding international trade by the lag conditions in the different seg- - cents ments of business in the several en were unable fully to dispose of process of breaking down tariff -It i s says cities" the Alepartment said "the intake but did not press for bust- - barriers" Dr Parmelee to see how any useful general tone of the surveys seems nese Zinc likewise held unchanged Impossible to indicate that conditions are just at 425 cents a pound East St Louis economic purpose can be served in Tin was unchanged to slightly the present instance by granting about holding their own with a to any country on lead rather fair balance between the higher with spot at 4130 cents a concessions w and 41110 or Wel r—producta-Our- -r - unfavorable-todi ca pounds—Tbs leatute-at-tondo- n favorable the evidence of buying by Russian sources in these metals are self- Lions sufficient for the present Prices "For example there are num- - interests on a fairly liberal scale A mild seasonal improvement in are reasonable Under such condierous instances of men going back to work while often in the same steel lifted the ingot production rate tions it is sound policy totogive modmineral cities reports show that werkers two points to 34 per cent of cape- erate tariff production resources are being let out" city highest level seen since mid-- a industries as the national pointed out two years ago Operations in the steel industry November Under no circumstances should to 337 per cent of Secelerated trade negotiations with any nation capacity the highest since mid consider disturbing the existing November the American Iron and Produce Market tariffs on lead and zinc products" Steel Institute said This corn- Burma $ 30 First grade lblb 321 week the with 29 pared previous Vac less) 304 a month ago and 896 in the cendltrade Ecla ed like week last year 22 laid extras M Large white new 204 Steel trade observers took some Medium white new laid extrasdosdos 21 new laid ItItaltile cheer from the report of Iron Age Large 10 kis that "probably for the first time nil cream' triplets lb :17712 irrosTcsidtleth101Seits: since the first half of 1937 orders pill 20 bl are running in excess of ship- - Triplets western cured 20 Vs : isweeottnert cured March 28 LIP)--NEW YORK 23 ments" Much of the improved de- - te: cured g: mend was of seasonal nature Longhorns Wisconsin cured lb": '23Vs Coppermines corpora- tion Saturday reported net income ParticularlY wire and fence prod- - mcw YORK March 28 (AP)—Dreseed for 1937 of $503438 after charges Poultry—Hteady to firm frozen ducks un nets this report said tin and frozen fresh prices equal to 31 cents a share No pro- Although engineering construe- - toutsotdekother unnettled: vision was made for federal income 97391: tion' for the first 11 weeks of the Eggs—Receipts 71LtiVarcdociorle VA ie1141 taxes as the company believes de- the ahead of cralirM"sis year has been well i ductions including depletion will re- era7ge checks 10114 411714di like period last ' year structural (nide dirties demand for steel has been some- - 1601814c storage packed firsts 1914c: suit in little or no taxable income For 1938 the company reported net what disappointing steel men said '21116:: rally oaf Jirernrwmetemniarktrerit al etalPrices 1 - MEW By THOMAS E FLANAGAN WASHINGTON March 26 (AP)—Conflicting I Prepared b9 Administrative and Research Corporation-NeSourrktunerican Petroleum Institute Danger Seen In Lead3ine Tariff Cuts Small Gains- Recorded In Steel altd Power Output Retail Sales iositant owing Cloning s fat lamb 15 cents higher at 1825 freight paid for week fed lambs 40 to 50 cents lower ewes cents 50 50 lower to 75 yearlings cetns lower: feeders 50 cents lower 'top fed lambs $840: bulk $7900840: yearewes $315 475 lings $600 675: :t: :dy 0 lambs $6000725 OMAHA March 28 all classes nominally steady: Receipts 900: and choice 'butchers lacking: strictly rood demand very poor for scattered small lots unfinished kinds: compared Friday last week good and choice butchers 3009:to lower: most downturn on heavies: unfinished light weights 20045o off sows mostly 25e lower: stage and feeding MU mostly unchanged but top pigs 25gligher feeding I 'I 'CO '''!k !'?44' k't j —ra ttIRëIDt125 : compitatr—ivit Friday last week fed steers and yearlings 25o lower: she stock about steady: bulls 25o lower: Mien) steady: stockers and feeders about steady: stock oalves stronger: bulks for week fed steers and yearling numerous loads $8850 87150875t and medium weights $950: weightyto steers choice heifers $110019800 few good loads $8104835 smelt lots $850 beef cows $525g600: odd bead $725 cutter 93: - IS TIIE TIORLD'S LARGEST IIAIIIIFAOTORER OF DIESEL ENGINES TRACK S - 0 M I Since 1931 Caterpillar Tractor Co has become the warld' largest manufacturer of Diesel Engiaes—creating a world's record In Diesel horsepower production In less than seven years "Cater pillar" Diesel Engines by the thousands have powered track-typ- e tractors road machines stationary power sobs and the products of more than eighty other manufacturers—again creating records- -amazingly low operating and upkeep cost records As the Caterpillar Tractor Co distributor we offer you a complete line of Dieselpoweied Engines Tractors and 'Auto Patrols—as well as Spark Ignition Tractors Elevating and Blade Graders and Terracers Your inquiry is cordially invited Mk : d ago weights downward from 250 pounds 10 IV 25o lower heavier butchers 253035c lower packing 104610 615c off 200: calves none: Cattla—Recelpts week fat steers and compared Friday last lower: 25c to steady mostly yearlinge weak but 253500 tinder last week's high time good and choice offerinn off most: light heifers steady: heavies steady to 25c lower cows 15325o off: bulls 2550e lower: light and medium weights off most: vealers 500-t- o $100 down: closing undertone steers and she stock very dull dreseed beef loweri extreme top prime steers $1050: practical top choice light and heavy steers 81000: best yearlings $975: heavy heifers 2965: light heifers $R75: Model ate run betters but tows very scarce: practical tate top heavy 'engage bulls $ it 25: chpica heavy enter $1000: : light vealera $700 10 750: closing sorted actlys but limited stocker and feeder buying still a feature at $875 down to 2700 Sheep—Receipts 2500 none direct: for eornweek ending Friday 3800 direct pared Friday last week tat lambs mostly 50 we 60c lower yearlings sharing declines: sheep 25350e down: week's lamb toil $875 paid early: closing top $840: top on tow daY 8825: week's bulk tood and choice offerings $800 closing bulk SR 10 of' M 25: clu es 102 to lambs late 27853810: Rood Yearlings Wednesd shorn $700 top recently $g 10: Tuesday" bulk medium to choice clipped offerings $710 s Icon: 5200 ewes $3254e5PO: top $525: Hoge—Reeelpts 300 tnalnally steady: slaughter bulk medium to near eholes kinds for week butcher mostly 50 to 75 cents 445: 75 to 01Poutxt Searing iambs$3250 $S:" W 33 cents lower 33 loweirsowx Uti35 "CATERPILLAR" TYPE TRACTORS A110 ROAD EQUIPE:BIT 575: 1220-poun- d lower nothing available late test quotations': early sales mellunt to rood 89 to fed wooled Idaho lambs good to choice 111 to 125- 5750825: pound slaughter ewes $400 4501 todthes receipts none 108 15101111LIE5: March 26 Cattle—Receipts for week 6150: steady to 15c higher: good to choice fed steers 1650 td good $76011840: (tab:downmedium to '$650: feeders 5050cd6k3: fed heifers 15750MS 00 others Se 5o sows 735: 5550 q't150: cutter wades S4008b525: hulls: to $673 Calvet—Receipts for week 2200: unevento lower: ly early top $1260: dos-In- s sharply bulk 5900 1050: early top chives $1000: common to medium i6UOlttbu stockers $650 at 225 Sheep—Receipts for week 2650: lambs 50c 4 $100 lower: ewes steady: medium to good wooled lambs $775 900: quotable few closing top: $535 medium spring lambs $6000 825: swag $32d atie23 March 26 50 calves 25 lot week beef steers mostly 15 to25 tents lower at Fil234 8 50 fiat and $815 0010 freight paid: heifers steady toeyealrr tope $815 bulk $700 tit 800 beef cows to 10 cents lower at $550 (S600 steady cutters steady at $400 4 85 bulls weak to 25 cents lower at $550 is 600 calves and vein-er- a steady to weak: top vealers $1100: stocker and feeder steers 750: top ds 4400 mostly $4000500: bulls $52510 grade few heavy beet bulls 16900635: vealers $950 few $1000: practicalandtopfeeder steers $67 541800: few stocker choice stock Calves loads $825835 $735 sfl direct : torn $900: stock heifer 200: Sheep—Recelpta Friday of last week tat lambs 15 pared 250 lower sheep and feeding lambs 50e0 60e lower: closing bulks follow Ported choies grade native lambs $800 lead lots fed wooled lambs $8154825: closing too 8835: fed clipped lambs $740 good and choice ewes $3000400: good and choice $700 775 shearing feeding lambs lambs up to $790 CHICAGO March 26 7000: 4400 direct: hardly —21teceipts sntd to make a market choice bogs common to medium slaughter calves $400 enough others bid 15 cents or more lower Sheent 650 theft "Friday's average bulk 180 to 230- Sheep—Receipts for five dame 3175: Com- pound offerings bid up to 6925: shippers pared last Friday fed lambs early steady took 125: holdovers 1000: compared week to 35e to eoc-e- 'a I Distributors of "CATERPILLAR" - Diesel Engines TrackType Tractors Rood Machinoiy ( $3041Psvitiligfil ipiPc itt!1tiiii!oi AfIA 41 t1r"40- 41111'11" 1011 yr-i- t it174 b |