Show U THE SALT LAKE TRIBUNE THURSDAY MORNING APRIL 18 1938 1 Sharp Drop in Sail Shares Puts Brakes on Inflationary Sentiment Santa Fc Hits Slump Off 10 Points JS 'Y Stock Bond Prices Stock Prices n YORK Anrll l'l (API — Kollowln! tabulation of Wednesday's stuck trans-ou the New Kuril lock sxehange: KfW i Exchange Quotations NEW TORK April 13 AP— Following are Wedueaday's high low and closing lirices of bonds on tha New York stocK exenanga'anh tna total aalaa ef aacb bond: U 8 GOVERNMENT BONUS (la dollars and (Salsa In tlOOU) Dow-Jone- s idiom STOCKS Averages Bond Prices NYCurb Waver Utilities Hold Quotations Is NEW T&RK a list of April 13 (AP)— Following ou transactions (Sales In hundreds) NEW YORK April 13 URail-roa- d ISalesI High I Low I Close Issues led by Atchison Topeka Alum Co 1 7444 ISalesl High I Low Crow Am TREASURY14l 21 V? & Santa Fe securities took another Am cyan B Co member! (furnished by J A Hogle — A— Am Sup Pow ' Mow Turk Hock exchange) Low I Class 8ales High In the bond market Wednes S''BVi' Hsdrop 4 Adams Exp Bunker Close7 rlich Low HAS 31 21 44H 44 Mi 27 4(1 Air Keduc Carrier Corp 30 indUlt 11668 113 71 11485 up 97 34is 1943-4Alaska Juil lllOS 8()!l0830llU8 3U day Chi Flex Shaft iKO 1601 62 2189 2151 2181 off 79 A March rails the rail At and finish lfc1 7 1V foreign Cltlea 601 'MB 121107 120 Utilities 41 107 Service 22 ' 10 12il071 1701 oil 1764 1755 ' V :142 47-4- 3 142 Ullied CAD 29 bonds were lower but industrial and do pfd 6 108 3 11083 I1U83 13143i reg! 8 4U bonus 84es off as Colum GAE pfd 53 Allied Strs 20I107SO 3VIB 13 CoouvoditlM 4951 l10720jl07 41 6 Com A So - war utility Issues ended fairly even H Va 49 43 jjji 3 s 46-420 2U 3110713107121107 J tW tS3 uon S3 Mines I! 5 cop 14 1127 11121 112 V Uula 4S 54-4- 4 Kails induat Sell-OfFollow 271 ii Bl Bond 47-4- 5 644 8r 3 124j VM 12Vi 1104 1041 1038 hleh 481042 2188 13435 3233 21 so pll 2 50 Mi 41H4 40 Vi 82 103 181103 10103 14 1D38 low 1)8 Wo la 00 1511 2 Vis 43 Sell-ofF- s do 15 nfd 3 18 121 SB ! 29 110 2311022 110 23 in Santa Fe liens fol- Equity 1(137 niKbl ' 11)464 6448- - 2754 3 fee4S-4- 68-4- 6 Interest usually paid May 1' on 1 1 IK' 131 105 13 Corp 11 10 131105 3s 1U37 low 24105 1064 11364 2801 lowed overnight announcement the Flsk Rubber II 5V4 l!08 IV 48-4- 8 IU 1UB '11132 1 lUVi 108 3 3 14 low i " H 4Z22 1323 1853 3AS 51-4- S the 4 per cent adjustmenj bonds Vi was deferring action on inter- Ford M Can A 3 11W: U road 73 1022 1021 102 1 UVaj-381 14461 10W SI 18KU high Ford M France II 3 31' 3 3 8 10110 101 10i ioi 2V4a 48 of 1935 until directors could see on est Ford M Ltd i 1 131 181 17 Mi customarily May paid 20 4 Z 10528: 1105 18105 3"a!52-1 of adjustment mortgage 4s Gold field Con 2W viy 12 30 Hark Utah 2W 2 Via D3-- 4 how earnings go later In the year 25lt Internet Pet hk 4VS! IV ?S 7 4W ?f3Ull01 6 11012 1101 lHi 1995 13227-mil- e (armeiea Tl 2fesoo-- 64-3Jones A L St the Not since of II 28 11 Fe 13M for market 5 lau 9104 11041 I1U40 Santa Ceiniey c th 61VI I S2Vll 3s temp1 144 Tourneau 17 Mi I7'4I 17 road the biggest from the stand- Le 4 'enL 4 24102 2 (101 30(102 1 Cem 41 21 Lion Oil 17 lOO 27 100 27 59-5- 6 17HI-4 feuu K 17 K 10037 orarily was thrown Into confusion 2A4s Aire 3 -74 point of mileage in the United Lockheed Vieiffer 8AI 49j 37! 3o4i! 3S44 Br 91 Mount City Coo 644 was two hours before a trade 32' 22-t21fei 21' States was reorganized in 1896 had Nat FEDERAL FARM MORTGAGE 22 W I 2241- Phelpa Dud 61 Tun A Mines 2V4 - W 1' 25V4' 25Vii 3JilPhillips T fat 141 there been any question Nlag Hud Pow about" meet- Pac In the road's preferred finally was 310 9 1103 8 103 9 3a 49-41U 1 108 Pitts titeel iiwo 9 ' 01151 2714 GAE 1 pfd bond '41 4 I'oi TAC pf 2 It H 2Vwl Interest 20:12Stt12n12V 61 LOAN 43 ing OWNERS 2 HOME at 10 more than 1 off 'arranged Pressed A Ci W 14 70 7kl W 2 Gold 13 eu'iiMuya Sant Fe adjustment is' of 1995 aProc 4k 48 101 11110114 4S' 2 owl 3010114 244S 49-3Sherwtn Wms 42V6 closed sinkafter It J!80 at 7 Pub Bvo NJ points e s 79 down 8 The Singer Mfg ' 44-4- 2 20Ml closed at 10111110111 1310111 stamped 101222 2Ws - 1 4IA 4 14 Pullman 2 28 II 28 419 ing- within a fraction of 40 Holders 81 1744 S810313 103 101103 1J convertible 3a 62-4- 4 Hs of '48 were off Technicolor Ptir till 1U 'A 1UHI 1681 28 Vi 28 Hi 27 T Tech Hugh O II 444 3-- 8 O BONDS CORPORATION 91 6-- 8 I'unlv Bakl 45 54 apparently assumed the announce 81tlat H 5 Fe's Santa 5 841 141 Calif 2V4 Trans Lux — B— 40 1 4U 141 (Bales In S10U0) ment darkened the outlook forpre 344 United Gas 4Ui I and first tb A 721 n A refunding eu v 2 21 2V4 2V4 A Unit LAP tu i Close Low ) R K O ferred dividends too The common 51 A High 3 '62 ISaleaj 3 lower at WOtt S 251 were 4Hsof TVi Wright Hsrg Hem 131 mi Rand rallied a point from the day's low Also down in the rail group were H Reo Motor 101 POMESTIC BONDS Vl 2lk 7 14 82 62 2 62 44 6e to Close at 25 ft off 3 601 Alleghany Mteel 14 lu i3 Kepuli 3B 2' 39' Baltimore & Ohio convertible (Sales Hs $1000) 22VS1 22Vi 13 2i$ do At Ml St Hev CABr 1 11 Mi 3VI3fe 34k 2 44 43 6 45 19(4 off 1H Chesapeake & Alum Ltd 5s 48 11107 107 107 AmKP 6a 2030 51 39 W Rey Tob Bl Inflation Talk 112 t 112 Am GAB Am 2028 5s 43 1064 10844 1111 8 eui off 7fe Ohio Mi at Great Am PAL 6s 2016 rll- 107 2710014 100VS ilOOVV 41 de 3Wa 61- 4 Ssfewav S2 at! 14V 5 lo5V4 08 Industrials riding a new wave :103 BO 2S lOSVl 1034 Northern 4s of '46 'G" at 81 eff 2 Cltisa Ser Ss 66 60 Ht Jos Leao Anaconda (Ul 41 32 31 44 341 1' GAM 5a 58 A 72 iaSJ 31 20MI of Inflation talk tossed up by reports Armour Del 4s 55 131 91 Hcoeii uisiiii 20 Illinois Cental 30 off Con at and 100 UeH 4 SS 63 El 126:100 63 S F 2030 T 95 Hears 4s A Koeb FL F 6a49A 124 ?5 of another federal spending and 2 47Vi 47 Vi H Servel 1 3-- a Hygrade 14 19 III PAL 6s 56 C 81 13 19 Vk 19 as D A O (I 2IHI0 D 11 81 " lending drive to prime the Indus eu V ioo A JI Ind Ss 83 83 47 loo Hhell Un O! 4 Cain $0 Bsth Steel Mil Ust On 104a 1 e 8 trial DumD emerged with a Tna V3 Ind PAL 8s 67 A 3 10544 105V4 105V4 sii k coal a 314 do 32 j LlbM-NA3 32 V 42 1 103 j 43 - 48 Vs 103 5s of the 103 In 46 Hlmmona 32 M Santa 48 of 4V4S Bkln f gains 47 were interna' spite Higher elsewhere jorlty 81 47 Nev Cal E 5s 56 46V4 182 40 'A Bkellv Oil C— — 1 14 Fe shock 87 Vi 87 Vi 6 88 Okla Nat O 6s 43 1 113H 113 V ill3 Smith A OI tional Hydro Electric 6s at 60 1 Can N Ky 4 "As 87 M 1 51 98 do 4 Vfea 61 A 9744 98 784 17 794 78 Hitcony- - v a 4a Pac Can An early selling flurry on heels pern Ss and 14 International 91 60 Sa 2Si Pae PAL 55 60 Vi 60 71Vs up 65 26 Paper South Paclf flVl 12! 4a 49 Cen Pac lat 18 ' Santa Fe break quickly faded of 8244 84 0 18 84 and Remington Rand 4 (4 s at Feo PLAC 4 81 B A3 84 Soutn Ry 3oi aw (44 5S 73 CMStPAP 21 201 22 721 113 E Pbila P 6 Vis 17 11244 112 3 3V 21' perry Cor 6s 2000 before a spurt in leading industrials do 1 adj each up 91 7 14 67 8 S7 ?9 PAL 5 3 id Branda 3 Vi9 Pug Bla At CV 49 CANW 4He 12 6044 60 dn 4m so D 60 Btd Q A Ej 11014 centering on steels chemicals farm Japanese government 6 Ha closed Shaw 211UV1"W Clev El 111 34s 65 61 7Mi WP4V4 68B 8 103 103 103 00 54 Dfl Vta! Tl 17 Tl oils other 77C UT 4 and Vis Clev Vi 68 groups lower sector implements A the in 80 Vi 78 3 V 80 foreign 6a 2025 SEPL Slit Oil Call 88 Vii 121 20 V ) 29 61 88 Columbia u os oi 103 considered best situated to benefit Blue 103 lOfl-B Ull inn 31 954 95k4 9344 and Austrian 7a of '57 were down So doCal4aEd60344 SO Com Cred 34s 61 10644 Bid Oil N J 15 100 1101 101 ?1067V4 from large-scal- e renewal of infla 46 Con Ed 32 3As V4 67 Ut PAL 6S2022A 67 V4 2Ki at V 99 H 99 Vs SUV do avts a wasn o L 5a 58 41104 Vi 104 Vi 104 Vi Bione A W U S governments were 105 V4 105 4 105 V tionary spending in Washington 51 NY 4J ConO 1BV4 W 60l Wash 101 241101 100 96 19Ml Hume Corp 95V 96 Con Oil 3As 61 51 89 V4 1 SBV4 89 Vi Analysts noted the suggested use rlir PickLdi lower wis reb s eA Suneh Must I'm 104 V4 1044 1104 V4 of a point higher to ConsumP 3Hs 85 7W of $1200000000 in "sterilized" gold Call ZHecla 7Mi 1A I The Associated Press average of 1104 Vs 104 104 Mi Supeheatr 23 BO do 3VS Cl 14 BONDS FOREIGN Sweets 14 Co to 'finance public works pointed to Can D Q A 5V 20 rail bonds was off 6 of a point Danish C 6s 53 Swltt A Col 21 17 Pec 17Vk HlDAROW Ba 65 73Mi J1844JJ18JAl98ViL I possibility of another towering sur- - Canai case J 1 Co ths foreignavejage m I 102000 Total stock salea Wedneadav r p!9solQcntauhihai t Ben industrial and utility averages un- Tear Tex Gulf PI 91 11 B 3 3HI 3 Total bond salea 377855 12 rrc 5s 73 lltt ' is released into the credit structure ago Tel 0 Sulpl on an 21 29V4I - H Erie 4 184 1844 184 changed Transactions' totaled S5 Year ago $19852tMi do an Hen 4s 06 $1000000 Wednesday ro L 31 8 is IT — 8V4 U (1 The forenoon rally lacked drive Thora Prod against $4842-30- 000 102 Tl 1024 102 Ml 694200 face value 151 28 10 O M A C 3a 46 Thorn-Sta- r ' 102 however and many traders instead 1 102 51 do Tuesday 11 Tlde-A Ol 82 4 Ooodrlch 4144 561 of following It retired to the sideTlm-oAx 103 1104 104 Ooodyear as nv Tim Roll B lines for the Easter holidays and to 81 82 Ot Nor 4s 46 Q Trsnumer await President Roosevelt's fireside Tr A W Air 30 31 V4 30 4 66 44a III Cen Tw Cii-JFi chat on the sir Thursday Stock 102 Vs 102 102 Inland Btl 34 s 61 CHICAGO April 13— Ralrut relieving 84 84 H4 Ttit Paner Ra 47 here will abroad be and drouthy conditions In parts of Italy led Un exchanges Carblda 81 Mi 604 tl 38° of Chicago wheat prices to late setbacks Un Oil Call InTATovj4Wa 39( closed Good-Frid- ay ana more man onset precea-lnUn Pacific 81 63 74 93W-9H4 93V4I weonenay 81 Jones Sr moderate sains NORTH SALT LAKE April 13 (URDA) -U ill-— Total Transactions Katisas Hoaa—Recelnta 214 all market Steady reports of dust storms detri Unit Alrcra 16 Til 2VJ 96 V4 Kresge FU 4s 45 kinds down to $760 mental to crops had s transient stimulating- -- top $825 mixed Unit Carbn 4 45 ij aowa SbV50 tft 600 so nacklnc ailaecreea Transactions totaled 641220 shares snn TriarKei iniiuence aia Unit Corp 22l Z& 98V 96V4 Loew's 3 Via 48 French Importation of 1000000 Cattle —Keceipts 80 includes 33 through Unit Fruit tnorlslng 600300 The maragainst Severe Tuesday ot durum In 28 direct and 17 for market U Qss Export business Im 13 98 H 910 964 bushels McK A R 6 Vis 50 steers $600® 760: few U S Gypaml ket coasted to tame finish after Nsrlh American wheat Wednesday totaled lots trucked-i- n 7 6S 5 18 Mo Pao Ba 77 V neners 9a0vw0za 00a cows U 8 In of 500000 bushels 41 15V fM-from fau4c upward All mostly 5 the early action 16 o The Associated i aen 48 do few bulls $540 800 U 8 Uathrl good veslers II 44 8544 amis unites siaces 6 85 Mont P 34a66 Bsarlio traders however stressed denials 925 medium mixed down to $700 Press composite price of 60 stocks 21 do A 6 none No salea U 8 Rubber Sheep— Receipts was buylna and 116 27 H 9744 tha British sovernment a 61 ww IS 97 Mi finished off J at 39 - v' NatDy 344 4a — Hog- sdo 1 OflDEN sUso smpbutsed Unsettlement In securities 105 V April 13 181 105 V4 pfdl1 35 67 i 65 Nat Steel U 8 Steel on Rail bonds generally sagged 150 wnsat luturee Receipts BO At tne close 209 474 Steady top $825 unicago 30 11 Bs 2013 NYC rfg I ( do nfd were Unchanged to Mc lower Mar 824 best butchers mixed kinds $725 800 7 103 6 45 A 1024 shadowed by the Santa Fe news as 2013 do ii few v 31 UtUPALtAl corn Rows S600 mnuc to 011 440 281 99 o02ttc jmy 'a No Am Co 5s 61 well Cattle — Receipts 120 Early sales about 60c July 61 Vie osta waning hope for effective Vic up Hay 89 2 974 974 N Am Ed Ss 89 C Wsnsdlum 81 1SU I at week's advance few lots me62 V4 varying trom V4 0 decline to 440 advance steady 28l 63 15 - 4 M No Pao Bs 2U47 federal legislation this session belters S66UW dium o gain ana proviand good drive-i- n V 77 10 MioaoK 36! 41 78H rye do 4s by I to aid the carriers feeders $450 45 550 few local few 7e 750 droo bulsre to Wslgreen 10c sions o I Walworth plain feeders 1500 W Just 14 cents a bushel covered the limit steers $600S660 35 87 96H 984 61 Ore-4s ran Wall Street long critical of the n cows $450 w 550 few Wrd Bit B( or unicago wneai ziuciuauons weonesaay 550 best drive-iWarn Brosl 108 106 undistributed profits levy got little 13 10T with new developments almost evenly bal cutters $350 0400noneveslers $950 dbwn Pac O A E 4a 64 do Dfd Sheep— Receipts 20A Package ss between buyers and sellers 20 764S At 23 7644 70 need 70 4 db RR Ms Pa n comfort out of President Roosetrucked-lWeit Paclf 83 83 spring lambs first locals of 9 2 83 one stage an outstanding feature waa do 344s tu Weit O Tel 5 velt's insistence on retention of the 13 105 4 105V 11054 lessened reassurance Phil Kl S IAS ST concerning frost in- - season $875 odd old crop lambs $700 Weit Air — Ho8- -r B 13 to domestic crops southwest 04 OMAHA April 13 A lesd Port OAE (Ui 60 19 5244 Weit EAM principle in the revised tax bill 12 Va Jury 12 2 12 V wired from Plainvlew Texas neceipia aouo viiancu www Postal TAG 5a 63 ins exoert White Motr Some corporate officials comment-- j 15c askVi to of active higher mostly frost strong ranging from 10 erately telling Wilton ACo 91 91 1 91 102 choice light weight hogs 6 RemRand situation du- 10 15c up to 75 per cent damage msking the Ing In annual shareholders' meetWoolworth 7 ioo y 1004 10UV4 bious he said especially In arid sections falling to share advance weights above Rep Steel 5 'As 54 worth most 9444 9444 none 300 FM top sell 4 Increased pressure to upturn too hopeful for 944 wheat futurea pounda showing Rsv CAB Us 56 ings' appeared Aerl Wrlcht for around evident as the day advanced with $800 by shlppera and traders an early change in the business 150-25- 0 180-25- 0 98 V4 becamequotations at choice rood and 984 nound: Bl 3 98A Un Shell Vis the botfinal virtually Yellow TACf 1051 12" 94 44 94 race Latest data indicated industry pound $760 ©800 250-30- 0 12U U4i $785 Skenv on 4S oi tom level May contracts leadingday's ths de- pound Touns BTI in300-37- 0 38 31! 321 38 Mi 37 SV785 314 ami Pan iUl SI pound $740765 cline at 244 was still dragging the recession 49 V choice 368 pound $760: 50 Vi 49 load 77 cluding Ore were do and steadied Corn oats by pricea (Ui Zenith V 100 44 Radl 100 few bulk sows $725 1"1 N 3S Oil 61 St lows up: 3610c $715 carJ 1! oougnt tnres word oftnttNoGermany nadUnited Zonlle Proll i few $800 00 4 07 38 Studebsk 6a cv 45 2 yellow States corn ©735 —stags $7254500 775: goes calves 300 Fed Fractionally to more than a point Cattle Receipts 31 1! Total salra WeHneeriav A41 9m hmu'u afloat Spreaders continued to purchaae steers 10744 107H '47' 311074 and steady opening 4s fully Un were yearlings Pac 34 General lat Electric rve inturei asainai aaiea 01 corn WMk higher ?vi6SSx30? en 475760: year ago hi light supply and 11 Hn do J"2' tu killing classes Provisions averaged higher 1482 000: two years ago 131S480: reflecting other 71 774 77 7744 Sears Roebuck 65 Kennecott active- - fully steady with some I AT Bs 44 ITtah moderately 011 ana couonaeea miKei 89 M9064: year ago 175 upturns 91 8144 80 stockers 814s nog bulls 10515o higher weighty Utah PAL 5a 44 General Motors 32 Westtnghouse Fed ateere f and feedera scarce steady 76 '4 few 1014 10144 and yearllnga mostly $775®900 and International Harvester 4s 681 121102 Virginian loads $925 ® 950 latter price including t2V Cash Quotations Down about as much were 17 17 II 17 1094 and 1161 pound weights weighty W Pac lat 5a 46 CHICAGO V4 60 13 Cash wheat U & Steel 45 Metals (AP)— above 14 held April Pennsteers and medium weights 604 804 west un oe oi Chrysler H 4 reo hoc 770 DO —no 26 57 ho 060nam $975 heifers mostly $725825: choice do Ss 60 Vic No 2 yel scarce: Corn— No 2 mixed 60 sylvania 1714 New York Central Settlement prices at Utah smelters 60 beef cowa joouwbvd: lew avuu do 4V4s 50 white 4 59c No 3 5844 8744 804 0810 87H American low S6A 1 ported cutter grades mostly 12ft by the American Smelting and Rs- WheelSt 4 Ms $4500535 bulls Telephone 127)4 No Oate— 2 white 32 Vie are: la ad iiiunn compnny 885: fsw slightly 1efy kinds $625 50o pound: 26 '5 97 Rve— No 1 8Bae 31 9T 97 1 copper BAT 4s pound 965c Young 33 -- few lots stockeF and feeder Barley— Actual ssles 49R4eieedi2 head S950 BTNOPSIB OP THB ANNO Ale NEW YORK April 13 S55c nominal malting 68860 sominal steers $700 ej 800 FOREIGN BONDS (AP)— Bar aUvsr — ia uncnangea 6300 Apparently broad STATEMENT In Sheep— Receipts OF THS 1 S1000) (Sales demand for fed lambs some Interests talkTimothy seed — $250 ft) 300 lower but eellere asking fully steady 12 44V4 444 44V4 1P1D Km KI clover— $3200 3700' Hed LONDON ing — 13 Bar silver— prll (AP) Mi Casualty 1 95V4 954 te stronger limited supply native spring 88 Sweet clover— $1000 ©1050 i aiquivaianu otbu ut 4229 Antwerp 6s lambs bids snd sales sharply lower: 14 104 44 104 4 104 Vi Australia os oa centi) Bulk fed wooled 9944 99 '4 other elassea scarce 33 99 Bar gold — 139s 10d off H penny of Futures 104 44 1044 104 Vi Range lambs held $825 6 840 and above: beat JO Leading 6s 35 (Equivalent Belgium $3478) 1344 neia 3 1344 fed sdovo erou lamoa 134 Wheaenppea cent V4 urasu i ii26-3- 7 tMoney— par 12 medium to choice native spring lambs Low Close Open Discount rates—Short and 16 12 74 12 Hleh do 6V4S bills one load shearing lambs No t800B'975 Jobs Street New York K T 4 1BV4 164 1V4 May 8:114 82 S344 824 $ $ $ per cent ' 44 1 8644 9844 964i $785 80 804 804 United State Branch Office Conenhag 6a 52 July 68 — Cat 10 80 81 36 6844 68 LONDON DENVER April 13 13 (AP)— Copper-Stan- dard U S April Septjorn— 8044 Manager— Neal Basaett 97 V4 97 68 uu iea sieera 4 10 62 Vie tle — Keceipts sou calves 39 Denmark 17a 6d: future spot 9ri pounds condition on December 31 SO 91 6014 91 1 ehowlnjr 594 to 40 pounda 91 15e Mav and 04 heifera strong 3a higher: apota electrolytic spot bid 1937 6144 103 6144 103 1 103 81 "4 made to the Commissioner of In- 14 25c medium to good heifera $775 M asked 45 pounda Up 44nouii(l: July 62 62 44 62 Tin— Spot frelcht paid 624 load 29 5 memo: 2Vi 294 uranc of the itate of Utah pursuant DU 870 $885 OS 171 bounds: 171 Sept future livAH Oats-M- ay J6V4 held higher fed heifera $800C885 15 26V4 28 pounds 15a Oer Oovt5V4S 65 to taw: 2" 58 2814 many Bids: memo few $725 cowa slow: bulls $600 3344 34 12 34 284 28V4 down vealera $900 6950 heavy slaugh264 ASSETS 264 Julv 264 Led— Spot and future IS pounds 3s 9d O O El 6s 48 13 48 474 47V4 26Vs 2644 26 70 Zinc 26 70 ter calvea $723 stockers and feedera t283190OO II 70 Bond future 14 OCEPJap 7a 44 Sept and stocks Spot 14 pounda Kovbeeni — 79 79 5! 79 pounds 5s 9 IBM It Ut2S343 Cub In office and banks CHogs — Receipts 800 steady to lOe highM IOI 70 May 84 684 34 6 Via Japan 713005$ Other ledger tuets 160-17- 0 er uiv top 0 574 21 S7V4 87 $825840 140-16a sni m 88iv $850 270-32- 5 pound 27V4 27V4 Oct 21 27 pound $800 ©835 vot' lOOO Sl 59 ct export KrST tactolyt" Rve— sows 7V4 $725 Koy' good 7V4 pound $302154400 Total ledger assets $8000825 74 16 6V4S 59 O Mines S9 4 lightweights $750 504 594 904 Tin— 2 47V4 T4 4T4 Mav spot and sear-b- y 3875: Poland 8s 50 wses47 lioaledsier aueu SSI 5844 97'4 4800 ' nothing done Julv forward Steady 584 31 31 Sheep — Receipts 5 31 3880 Rhine w es oo s 141 87 67 6744 574 Lesd — I 63 63 asking stronger or above $814 for the Sept 1 63 New York spot 1460 52 steady 6V4S Rome 1364451247 Larsome Interests dJambs Groaa assets wooled l'll 63 Vi best fed 25 5 9455 East St Louis S43S 2 1 23Vi 4 4 May 810 S P St 7s 40 8 10 8 12 8 12 4329474 Zinc — teas assets not admitted 54 East St Louis spot and Tokio 54 talking lower 12 55 C 5V4S 61 8 32 21 47 S 8 37 I 3S 83T forward Steady 8 4I415-- 13 July Hogs S4O0 5544 66V4 miCAGO 42 April 53 6s El Lt 8 55 8 65 Tok 8 57 8 SO Iron 14' 74 56 4 Sept aluminum antlmonv quIek-ellTe- r 9000 Including 2500 direct 4 S6Vi 68 1300121773 Receipts OS XOKO 60 Ol Total admitted assets 860 S65 — Oct active (Istlnum and wolframite— Unchanged 10 0 market generally moderately 7V 68 UABILITIES twines— SS! top 15c higher than Tuesday's average Total bond sales Wednesday S5690200 10 SO 30773200 y ween ago choice NEW YORK Contingent reaervs April 13 14842000 $865 sparingly bulk good and 250-28(AP)— Lead previous 4ay 8 1062 0 and line two uly 12771891 no 5805200 $840P860: Closed unchanged fiitiri Unearned premium raaerve pound year ago $14664000 33 H a 290-35- 0 sales pound $800 pound $820tV840 Net amount unDald losses yeara ago $12006000! Jumiy x n oa 16 1 3820 good 350-55- 0 packingaowa $725 ivvv lVIinneapolis 3304940 t 32B67OOo year and claims 18H 16H smooth butcher kinds up to $775 0750 — two $1250497000 ago A 13 years MINNEAP0US 28 Montreal Wheat 26 (AP) Silver pru 3271942 AU otber liabilities — Recelnta 6000: calvea 1200 37 cars: traaing osais un bothCattleateere Keceipts and yearlings atrong year MONTREAL 440 lower April 13 (AP)— Silver fuquotations changed $ 50121773 lings active menium ana weigmy nwn rot GrocC tures closed 1530 higher Total No 1 dark Cash— northern heavy instances 10 ® 15o higher rather slow! Lambert ' Close 85000000 t Low Caoltal High 00 4 0107 ft: dark northern No 1 on yearllnga Including I eh P C light heifer and 40 75 4075 40 60b Hsy No 2 964cS1034i mixed offerings 165000000 98 4c4i1$106T4 Cows very scarce firm L Val R R Surplus TiFtU VMtf Anvil 11 I API— InVSSt No 3 92Hct$10144: No 1 hard fancy vealera unchanged bulls to higher steady Leh Cr Inc fcooterence Montana 9914ei No 1 dark hard or strictly choice 1272 pound steer $1035 ment Bankera' '8urplus as to policyholder 25000O00O Lenier Stra hsrd Montana winter 9044 O 92 He the top net highest price $1000 long No 'd 1 amber I I Asked Bid iliiriim No 1 81 la 4¥ 97 Va C Inc $990: ateer market mostly $800s Loew'i No 2 78UlBSVaC No 3 754&93V4C: yearling Total capital eurplus and best 3 KO weighty $ 3 85 $910: S C (B'950 $ yearling Fund Affiliated Lone Inc 82Uc vealera $1050 No 1 red durum down $300121773 L Wll Bis hulls a n BUTTKk- 329 Amer Bus! Shrs other llabUIUea oorn — No 3 yellow setvooc: mains down mostly$700 13 624 $950 down tq $800 Ftrit srade lb a 28 Bullock Fund Or statutory deposit 1150 IxirtHard PI 3 75 6000 tic lower uncnangea 3 Icnludlng 600 Receipts 40 tKOnd Sheep— ran Fund oasis Inv quoisiions 2 W lb 27 i grade N Lou 4DAI8— wo a wnita direct late Tuesday fat lambs steady to 1 94 WDV'IVt Vie lass) Corporate Trust (Parchment wrapped hulk 36 1 78c weak $8253 835 1 89 top $850 Bsrley— EGGS do AA Stata of Ctabl County of Bait Lake— aa Mack Wi choice 102-11pound woolskins $825: 2 24 Jtye— No 21 56 44 W6me do AA mod Larrs white new laid eatraa doa 22 active: 44 No mostly max— 08trade todsv'a Macy R H 2004 moderately This certltlee that the abore-name- d L 117 $197 Medium wblta new laid extras do 2014 Dividend Stirs Mar Field wooled lambs 18 25 ©8 40 good 15 09 steady mmnanv haa tiled Its annual atatement McCTStrs 13 97 Sweet clover seed—$730 ft 800 Fund Inv Inc Large saw laid standards doa 4 83 to cnoice azv pouuo eovu 4 06 Fund Tr Bhra A of wblcli tna foregoing Is s synopsis and McGr Hill CHEESE 3 68 Kansas riT Aorll 13 do B Full e'reara triplets lb 15H haa compiled with the laws of this state Mcln Pore City 4 88 '(Ml" Full cream tongboms C lb Cattle— Receipts 3000 - calvea 600 fed 16 Maryland Fund R and therefore la McJ 2 67 2 57 CITT April 13 (API— Wheat KANSAS relating to Insurance Sec Wide 5--lb Ion and vaarllnss moderately active Net Full erean aandwlcb loaf 1 lb 1V c e signer 1 OS 119 — Keceipt 43 cars do vot io and mixed year duly authorised to transact the business Mid CBtl Pet steady to atrong heifera Triplets western cured lb Pr 1020 9 31 No I dark bare of Insurance In tha 8 tats of Utah until Mid luc Shrs nominally lower 20V Qnar lb fully Lonfhorns western cured steady cows very scarce ateaay lings Mol 42 39 Minn No 3 87V4C: Ne 2 hard 85 W t a aimn?: killlns calvea firm: vealera slow ot inc tar stana uill 23 the last day 01 February umv Dallies lb cured western Tex M 4 11 No 3 83c: nf Am Tr D No 3 red nominally steady- stockers and feeders scarce un234 Ufluivr Longhorns Wisconsin cured lb In witness whereof I hereunto set my Mo Pae 1113V4 ii'sivi 85 8414c No 3 nominally 78814C 8 Elee L A Pow A two loada choice around 1200-poun- d 81 V changed " 164 Cloae: 144 7544e Septemhand and affix my official seal this 17th Mo Pae pf tOVie Kay Colorado steers $935 yearllnga — July The butter CHICAGO IS 80 (AP) April 72 Monsanto vot do 1935 loada good grade ateers numerous ber T64c day of March market Wedassday was unsettled and unMont Ward! — Receipts' 8 cars unchanged to $915 Con 0 CLARENCE NESLIN 6V1- J$8 257875 few medium short feds down changed Cor (Sal Commissioner No 2 whits nominally 66 Vi V to $750 several lota good to choice heifers Murray lower Insurance He of 54 S 58c No 2 snd mixed yesrllngs $800 0 850: heifers No 3 nominally 5SV4c Wash-Kel8 NEW YORK April 13 "t AP) — Eggs— Mn 3 nnmi- KKLAA1K7A l nAnlnn held higher most fat cows $5780 650 Pacific coast 19 Vi jumbo and premiums 26H Nat BIKult mixed 66i564c 2 No 840564c $4 00 m 323 veaier iop 32c standards 15H TORK Anril 13 t API— Cotton nally apeclnfs nr 2SViV2c: Nat C Reg Close: 3 564c nominally 8hMPJBeceipta 7000 very little done: No 534 24Vie25c:-mediums 22 23c 13 In Nat Dalrv trading quiet fluctuated narrowly aales fed lambs and 8541c: July 6TVc September 58V4C scattered Opening Mav SVk and 73 879 to 8 D Strs from rnvared Nat iiv some oiae Rectlpta none unchsnged to Vic prUigera ateaciy Oats— No 20 AUTOMOBILE Nat Lead then reacted to 8T4 by mldafternoon when Metier l)iatiu 2 white nominslljr '28V4 4 iamoa lotsr natve spring S935: am Nnt the list was 2 to 3 points net owr Nd-- l choice nominally 2830c km ahova 30Vc: 6H Nat P Lt Illo mslie— Nominally 99cB103 wooled lambs to shippers $825 Ust Nat Steal In Sugar 8lfr86c Nominally Kafir— 8 65 13 OOO 13 (AP- FKANCISCO 72 SAN SOITH May April Newport ST tt 59c NEW YORK April 11 (AP)— Sugar fu- In 8 70 871 12 zoo Ji ve — Nominally 79 steer ' N x ueni USDA ) — Cattle — Receipts Nominally 4l62e 8 881 0 Barley— tures advanced further Wednesday on a octooer 4 tic steady supply limited to two loada medium 1 hsrd and dark nard wheat oj 8 83 at 1HJ "8 S3 ISo NYNH A Nationwide Service 990 to pound December ??0 Nevsdaj good contlnustlon of Tuesday's eovaring bjot a Ki over May No 2 hard and dark to 885 to 8 91 N Y Bhlnbl light fed stsers quoted good house buy- January ment Trads and commlssloo over No -- 1 rea $8 35 sneWl 145 8 90 190 hard 24eto tooo 10 Vie'No — Norf on tons alarm Bioc 1 the was firmer to by 2 red $9uu Companies IVie 4c over: encouraged SRI StK7"lwIsi'" ing Dependable Callfor-ni- a S71 wheat N Am Avla mixed middling inquiet! Spot and active of the snot market package by a better 1 whits com Icto 24ic 4c over No SB 73 N Am co sfaaa fat eowa and heifers corn even to le over quiry tor refine I over: Na 2 yellow SOCI freely Nor Pa and Sep3 sold np to 1 fleehy dairy type cow $47! May No tnixea corn eves io ac vtiNO 2 625 'hesd odd or-$500 0 the preto bulls tember 203 steady polnta sbovs Bead Ohio Oil -- Calves— to Winnipeg vious cloae- wReceipts 19 : steady' Odd choice May No 4 advanced -Ollv Farm to 97 $800 0 980 90 end September Tmedium to food vealera r'—Liverpool- AGENCY COMPANY :— Clow Low rH F'ev t Hlch 2 -af list to witrrTlhe r net — 2tt $1050 points bigher svi LIVERPOOL April 13 'AP !!4 Spot quoted iotls Steel $1'J6'4 $1244 1600: lambs opened sheen— Receipts p m holding at or within a point of Mav 5d Rnsaie ! Ul Ow-l- l' 4948T4r48W 114 wheat: No 1 dark winter 8suanuman 111 JulyPHIL 1 Pl'RCELfc President 1 deck largely therbert I weak i quality considered — P— ! 9 S94 7s lod: Auiirsiian 7a : 90 a Octnher 3131 1 elosed 3 Futures California spring lambs Was higher No Skmedlum May $1 00 4a Bostoa Bldl riosea seaay Si Failures aMMa E 21 a 1 nortaern Ka vhrat— July 2 decks good springers held ssleO 30000 tnai797b May m J7 7VC ItMght October 4'4 $1004: Julv IPark Pletl 211 7'i 204b- - May 204b 2 oih: September 1Oati---N4S7 Vs higher! older classes fracticaiiy aoaeni ?llllllif!!MI '!!!!!!!!!! o 1 white 8"2e No 3 47- s-' Iparam 2d II bBil 9 Sk do Biiiiiiiiiiuiii'llMlMiiilll (Salei in hundreds) NEW tORK April 13 UPh--A wide crack In Santa Fe shares echoed throughout the rail division of the stock market Wednesday and pat a damper cn reviving' nflntionarv sentiment Caught off "guard by overnight announcement the road would de- - II- i t Net I" Cbg is I'! 3s 2S fer l4l 2s l?l It io 2a 331 a tj' 2m - ti at eian 4s I M as ri'i the at 7! Pa iLx 23 ofLanttthay :iii Livestock Chicago Grain m 6l as Quotations Littl at 4s at 82c "4! 33' — - and Money and Accident and Insurance Company of Winterthur Switzerland f Ill It St5 Ml Investment Companies t Produce Market ttU Kama kii atr WEDNESDAY Alts Tun Am Metal M Co Beaver Gold Cop Big Hill' Bingham Metals Rlack Metala Bonanaa Mining Bristol suver Bullion Cardiff Cedar Talisman Central Standard Chief Con Clayton Silver Bid Rallying tendencies continued to prevail In Wednesday's session on 03 the Salt Lake Stock exchange 01 00V4 though trading was limited to 08 16Vi few Issues and volume and priced 03 01 changes were small A flurry in 06 01 Miller JMl was the only feature 16 Mountain City Copper recovered 05 vY to 370 up 20 cents Walker to 47 45 $117Vi 02 up 2V4 cents North Lily 05 to 48 cents up 8 Eureka Lilly to 15 38 up 1 and Grand Deposit to 10 20 03 a quarter cent - Miller 03V4 up 02 opened at ltt cents off a quanter 05 cent but rallied and advancer to 04 2 on a" volume of 43000 snares 03 " 01 closing strong at 2V4 bid 10 02 Prince Consolidated opened un04 1 changed at 38 cents and sagged to 40 35 Tintic Standard yielded to $445 T02 off 5 cents ' 90 y 06 Stocks selling at unchanged prices 10 o included 01 Sugar common 35 at $115 Comet Coalition at 19 Vi 02 cents Cardiff at 1BV4 New Park at 01 10 13 and West Toledo at IK 02 In afternoon curb trading Tintic 10 12 Standard recovered to $450 while 01 01 Park City Consolidated sold unchanged at 19 cents and Miller Hill 130 atlH 02 Asked I 02 I 0044 00V4 06 16 02 OOVi 05 0044 ' 15V4 OlVi 0144 44 35 OlVi 05 12 ' 19 02 03 00 04 02 01 0044 05 01 02 14 38 00 77 03 09 01 27 01 01 07 01 06 03 00 01 1 Colorado Con Columbus Kexall Combined Metals Comet Coalition Commonwealth Lesd Crescent Eagle Crof f Crown Point Dragon East Crown Point East Standard East Tlntic Coal East Utah Empire Mines Eureka Bullion Eureka Lily Coa cureKa Mines Eureka Standard Gold Chain V Grand Depoait Great 'Western Horn Silver Howell Indian Queen Ketuiebeo Kentucky-Uta- Continue to Show Strength QUOTATIONS I h Keystone Lakeside Monarch Lehi Tlutlo Leonora Little May Magnolia Lead -i-- ' ! Utah-Idah- :82H 115 02 Mammoth t Miller Hill Miners Gold Missouri Monarch t Moscow i Mt City Copper Mountain view 01 04 00 02 01 01 550 03 5:70 j04 "'30 20 06 12 01 07 40 00 10 01 19 01 0202 05 2 00 01 05 15 Naildrlver Nellie Meda New Park New Premier New Qulncy North Lily North standard Ohio Copper Park Bingham Park City Con Park King Park Konold Park ' Nelson Park Premier Park Utah Pioche Bristol 09 13 01 07 4S 0044 12 02 20 01 06 02 06 2 40 02 Market IOTAHCE lie CONTINENTAL gt rr - orlVto iluii i World Markets Close Friday NEW YORK April 13 OR— Trading in world markets will bs curtailed or suspended for Easter holi- days Leading security and commodity 10 Plumbic Mines exchanges Including those In New 35 Plutus ' 34 36 Prince Con York!jhjcaijo New JJrleanS Lon-do- n Rtccr HTgerrtrns— T r I r —"71 r- - —n — Paris and Canada Liverpool 0044 00 Royston Coalition 7:25 Sliver King Coal 660 will be closed Good Friday The 32 Silver King West 30 0044 New York commodity Sliver Shield 00 markets in" 01 Silver Standard 004 closed Saturwill addition remain 02 Sioux Mines Cl 02 00 South Iron Blossom day The New York stock and curb 06 South Standard 04 exchanges and ths Chicago board 02 01 Swansea Con 01 Tar Baby of trade will resume on Saturday 004 02 01 Tlntic Central Prolonged Easter holidays will 30 25 Tlntic Lead 4 60 Tlntio Standard 440 keep European and some Canadian 03 0114 Union Chief markets closed until Tuesday morn- 01 01 Utah Con 12 09 Utah Wyo Con j OU ing The Winnipeg grain market 01 05 Victor Con however will be open Saturday and Walker Mining 122 115 01 01 West Toledo Monday and the' securities markets 03 01 Wllbert at Montreal and Toronto will be 02 01 Yankee Con 15 09 Zuma open Saturday but closed Monday 17 con 1 112 Sugar 7 15 There will be no trading in silver do pfd 700 futures at Montreal from Thursday WEDNESDAY SALES until Tuesday c 44 1000 if 1 Utah-Idah- o 1 at American Metala Cardiff 700 at 15c Comet Coalition 1000 at Eureka Lily Con 400 at 38c 27 at 30c Grand Deposit 500 at 944c 600 at 10c Horn Silver 400 at 27c Tennnre lOOO at lc 1000 St Miller Hill 15000 at u ar aag tuvu l lvic: ruuu5000 at 144c: 3000 at 2c at 1000 at 144c 2000 at 2c: 3000 at Mountain City Copper 100 at 870 New Park 500 at 13c Mnth Tllv 9 HO at Atc 800 300 at 36c Prince ConsolldateiT 19e lc lc at 2c In Salt Lake City the stock exchange will be closed Friday but banks will remain open as usual if Flour MINNEAPOLIS Anrll 13 (AP)— Flour cot- —Carload lots per barrel In ion saexB— jamuy paiems uncnanged $573 6695 standard patents unchanged 565 shipments 17139 $535® Pure bran— $18 25 3 1850 35c Tlntic Standard 100 at $448 Walker 100 at $117 West Toledo 2000 st 14e Utah-Idah- o Sugar com 100 st $113 ' CURB SALES (After 1 P M) Miller Hill 1000 at 2 Vie Park City Consolidated 1500 at 19c Tintie Standard 100 at $450 NOTICE TO CONTRACTORS Stats ot Utah OMce of State Road Commission Salt Xake City Utah April 7 1938 Sealed bids trill bs received by the State Road Commission of Utah State Capitol Salt Lake City Utah at 2 o'clock p m Friday April 22 1938 and at that time publicly opened for construction ot a road mix oil surfaced road In Utah county ths same being Federal Aid Secbetween ondary Project No Unlisted Industrials Bid Amalg Sugar pfd Con Wag A Mach ' Utah Fire Clay Utah P A L $6 pfd do $7 pfd 620 190 7500 3150 3300 OO 2975 3250 r Z C M Aaked I 605 172 60 00 Lehi and Saratoga The length of road to ba constructed or Improved Is 3107 miles and the principal Items ot work are 39 38 60 -approximately Unclassified S L Curb Yds Bid I Amalg First Utah Utah Utah Sugar com Security Corp 205 1525 - 920 1 $ 1 95 $ 105 00 110 00 A420 Home Fire Ins Oil Refining Southern Oil 890 100 28 BONDS Holly no Sugar 4s Hotel Utah SLA inonr 47-- 8e 45 Ogden 6s 36 aa follows': Excavation J2000 Cu - Grayed Surface and Bubbaee 30500 Tons The attention ot bidders Is directed to the Special Provisions covering subletting or assigning the contract The minimum wage paid to all ct sklllad labor employed on this shall be 80 eenta per hour The minimum wage paid to all In- termedlate labor employed on this contract shall be 60 cents per bour The minimum wage paid to all unskilled labor employed on this contract shall be 60 cents per bour Plans snd specifications are on file In the office ot the State Road Commission Salt Lake City where they Aaked I eon-tra- 9100 93 00 9980 10360 10600 17 u 9680 10225 10400 uu 00 10 Republic Steel Operating at Loss - JERSEY CITY N J April 13 UP! —Tom M Girdler chairman of the board of Republic1 Steel corporation told stockholders st the annual meeting Wednesday ths company is operating at less than 30 per cent of capacity as Is ths lndustry as a whole The company will Show a J loss for th first quarter hs said "I wouldn't 'say that 1938 showy! much promise of being a good year for the steel Industry or for Republic steel" Girdler said While ths chairman was somewhat nessimistic about general busi ness conditions he did say that there are some lines in better shape than steel and even In the latter indus try the present trend is slightly upward may be reviewed by prospective bld- ders Specifications proposals bidding blanks and plans will be furnished at Salt Lake City on depositing $200 which will bs returned providing contractor submits an acceptable bid and returns the plana within seven days after bids are received Any additional Information may be secured at the office of the State Road Commission Each bidder must submit a letter from an approved surety company guaranteeing to furnish aald bidder with required bond The right to reject any or all bids to reserved Cash certified check or cashier's check for $ per cent of total amount of bid made payable to the State Road Commission must accompany each bid as evidence of good faith and a guarantee that If awarded ' the contract the bidder will execute aa re- the contract and give bond quired ' - STATE ROAD COMMISSION By W D HAMMOND Chairman EZHA C KNOWLTON Chief Engineer Boston Stock List BOSTON April 13 (AP)— Following art K al hih lnw and clnatns orlces of stocks traded Wednesday oa the Boston stock 'exchange ISaleal High North Butte I 75180 I Low 160 j S L Nftict 21st Ctnsicutivt Qusrttrlj Distribufitn $f Close 1 60 CottOn v Oi Mine Issues Stock Market Quotations S L the New Tork Wednesday's curb exchange: STOCKS w - Bank Gearings bank QUARTERLY INCOME SHARES deposits $2359789 00 Tuesday Same lay last yi eDfitDouu Wednesday bank clearings 208806915 ' JIMJdDD U Sams day Isat year wooled $450 slaughter ewes' quoted authorized payment of the reg- nlar quarterly distribution of JO cents per share for the LOS ANGELES jioo ''"'pcnoV'co'diaXXpril T 15 favi lop pou pou " a sst 1 II 1 ' I 1938' Checks will be mailed to ihers loldet May 2 193 p II II II The Board of Director! his to around April IS Cattle — Receipts 600 holdovers 762: very slow about steady: yearling ted steers S9l0 medium grass and short fed ateers mixed yearlings $835: cows $525 $800: vu ouiis i 6 15 cutlet graaes to $6 50 300: few salea about Calves— Receipt undertone lower few vealera steady but SO few calves $925 $10 29 910 500 holdovers 32: Sheefi — Receipts medium to choice slow weak to lower snrlns lambs $825 sorted 20 head at $725 n Inc - - II ' sixt — — Ker ten - April 14' ! HAROLD u DUG AM Stmlsrf "''': isa r7ri-""s- A " ' h He Val are stal |