Show ' - C) THE SALT LAKE TRIBUNE SATURDAY MORNING APRIL 23" 1938 27 Rail Stocks Spiral Upward to Touch Off Brisk Buying Movement -- Shares Gain One to Five Points ' new Stock Prices NEW TORE April 22 AP)— Follow s Inf to a tabulation of Friday's stock on tha Nsw York stock exchange: I Sales! High 8 I fK Rails touched off the rally In the morning but other groups soon joined and passed the carriers Dealings were comparatively slow until the latter part of the session when Volume picked up considerably The Associated Press average of 60 issues held a gain pf 13 points at 406 Transfers expanded to 1116200 shares compared with 895' 240 It was the chest Thursday day's turnover In about two weeks Margin Report Denied Rumors of a possible easing of margin requirements and short selling regulations — later denied in official quarters — helped Inspire the Upswing brokers said In addition trading sentiment was buoyed by exceptional strength of bonds especially U S governments and rail loans and the of many that business may have hit bottom Also there was Sgrow-in- g feeling that forthcoming Wash ington developments may be high ly favorable ' Spurring rail stocks' and bonds were advices from the capital that Senator Wheeler would seek emergency relief legislation for the roads at this session of congress Also freight loadings last week registered a more than seasonal increase Copper Price Roost A boost in the export copper price propped the metal department and aided other divisions of the list Steels had the benefit of estimates placing next week's mill operations Slightly higher Utilities continued to attract a following in response to the administration’s friendly gesture in proposing loans for equipment Word the president would send to congress before Friday next week a message on the revision of monopoly laws was without particular disturbing repercussions speculative forces being inclined to wait for the actual text of the communication Wall Street had about come to the conclusion the "pump-priminprogram would be enacted after some debate along the lines desired by the White House 8 146 449 19 11 3 18 i sa sa n 32 Anaconda 31 9 Arm III As Dry Gd 'A 7 50 28 J n 14 156’4 Pure Oil Purity — R—Bak Radio Corpi Radio-K-Rand Rem Motor Reo Re pub Steel do cv pf do pfd A Rev 'CAB Tob B Safe S "L 13 28 7i 16V4 23 Jo St 51 271 11 ' 2 341 11 Stores 2 Lead Souwe IS Schen Diet Sears Roe Servel Inc A D Sharp Shell Un 0 16(4 21 Vi pfd Silver 2 1 K 0 Co 81m Skelly Oil Soc Vac So ‘Cal Ed So Pac So Ry Corp Sperry Std Brandi SO A El 94 pfd S O Cal 8 Oil Ind S O N J Stew Warn Stone Stude Sun A W Corp Mng Superb Atr Swift Swift 1V4 44 Vi 120 8 Vi 12(4 6(4 12 64(4 32 7(4 1V4 46 1121 9 13 6 12f 67 ir 3 i’i 13 1V4 if 63 3 1 54 20 33 U 51 5 5153 1150 21 32 4 101 14b 3 9 14 5 65 7 76 37 95 17 ioo7 4 Van Wal 141 3 7 55 13 48 8 8 5 11 25 17 3 Co 19(4 16Vi 26 Wool 3 Vi 9Vi 35 Vi 3 20V4 15 20 12 15 12 58 28 9 4 29 Vi 16 Vi 57 V4 38 (t 7Vi 1 8 Vi IT 80 Vi 65 Vi ievi 78 64(4 12H 114 9V4 10 1145 142 62 H 69 Vi 5 5(4 48(41 46(4 31(41 31(4 65® 461 — K— 69(41 H I WhA 3 66(4 6V4 Kennecott 36(4 91 IT Kresge S 8 6! 14 V4 Kroter Gro I —L i 31 19 Leht P Cem a a 'if k(W 61 Thlch Val 4(4 : AA 87® ® 70c: 70 72c 3 25 Delaine Lehman Pulled— 21 fine A supers 84®65c A supers 0O82c: Lib McNAL 7(4 81 95 g A My B L B supers (choice) 58® 60c B supers ll 164 (etalned) 48 Llq Carb (white) 65® 57c B eupers45®47c 42 ’4 19 Loew’e Ine ®53c C eupers (average) 101 39(4 Tannest Om Mohair: 21 16(4 B Domestic —Good regional bag Texasa Tjoose-61 32 Lou A Nash nrliig 30 ® 32c Texas kid 48®50c — M— and New Mexico 27® 28c Oregon I 7 21 Mack Trks 20(4 2ISDomeetlc 51 ?0V4I 62® Macy R JH 30 graded — First combing 91 8 first kid 75 Mere FtMcf 8(41 86c good carding -- 5®47c 67c Martin O L 1031 22 (4 22 ©t)c second kidflrete65®'nominal 11 8 8 43 ® 45c Mf’Crorv St Cape Winter 391 2' 40(41 Crete 45® 47c: Cape Summer McTntvre P Bummer ' 61 641 kids 65® 67c Turkey fair averaga 47® MrK A R ' 31 4(41 v®ngel Co 62c (Foreign prices m bond) ! 71 18(41 IT" Mid- - Pet 41 j 5' SH 21 M K A T 2 (4 2' I 71 1 PeMfi 1(41 AP — Quota- Monsant Chi T0 23' 73 NEW YORK April 22 64' 34(41 32(4 tion by Investment Bankers’ conference Voit Ward 41 10(41 10(4 Mror Whell Inc t 4 6 6 AskeeF Mur— Corp I) I Bid N— Naab-Kel( 8 IS 3 54 Affiliated Fund Ino Nat Bisutt! 36i 201 20 American Bus Shares R 21! 17 16 Nat Cash Bullock Fund NAt Pair Pi 30 13 13 Can Inv Fund 5 Nat Dep Sti li 5 Corporate Trust 19 19 82! Nat Distil) do A A 201 23 22 Nat Tread do A A mod 6 Nat PAL f 27! 0 Dividend Shares 51 Nat Steel 53 lit Fund Investor InsA T4I 14 Indual 13 Newp Fund Trust Shares N YCenRR 12 Til 13 e do B e chi ' Maryland Fund IStA AflLPf Nationwide &ec N v Tnvest tr H do vot V NYNH A H’ Quarterly Inc Sham aklobli Standard Util Inc D 9 No Am Avi! 5T of Am Tr Super Norih A Co' 173' U 8 Elect Lt A Pow A North Pacifl 8 35' do B do vot 221 12 Ohio OU 12(41 961 Investment Companies' 25(8! r j t9t 11 '9' 1' 47 111113Villl3 251101 VillOlVillOIVi 1104 Vi 1104 19 105 Missouri-Kansas-Tex- 151 121 90(4 211 281 8 7®Vi 7i 72Vi 3 llMlvi “ 44 Vi 8 88 Vi 52 98 Vi 17 102 Vi 1102 V4 51 tt 103 Vi 91103(4 101 95 Vi 431104(4 401 83 Vi 361 103 Vi : 103 Vi 95(4 104(4 83 Vi 27 31(4 30 331105 V4 105 Vi 111 87 (5 87 821 88 86 V4 95V4 251 08 Vi 97V4I 100 18 V4 Dy 6H00 161 341 64 Vi 80 Vi 191 08 96 07 70 87 83 107 3s 3s 4a 19 4 25 7 94 16 42 39 16 32 21 30 8 22 39 6U 4 18'4 5(4 2(4 1 72 Cash Quotations 90 85 April --CHICAGO No 3 hard 8fic — No 2 1107 551 13 56 Corn 596Qc Oats— No 14 4s 38 3s48 11 24 54 2V4 481 51 1011101 4s 32(4 23(4 24 22 224 76(4 78V4 8(4 9V4 4V4 3s 66 Va Ry West Un 5s 51 43(4 10 85(4 66(4 12(4 34 1§714oT 51 52 do 5s 60 50 do Whel Btf X 4s4s66A 60l 108 83 87'103 1021103 12V4I 12V4 3V4I 3(4 sales Friday 32 G6c No 4 1 white 3233c tip Wheat— 13t mi 23:' LOfl ANGELES April 22 Exchange)— Receipts: NEW 8 45 8 37 8 62 8 85 45 8 70 8 90 9 00 S Minneanoli MINNEAPOLIS April 22 (AP)— Wheat — Receipts 36 cars trading basis unc lower changed quotations Cash— No 1 heavy dark northern $1 01 109 dark northern No 1 99c$l 08 No 2 97c 4$ $1 05 No 3 93c® $103: fancy No 1 hard Montaan $100 No 1 dark hard or No 1 hard Montana winter 91 ®93c hard amber durum No 1 82 ® No 3 76 No 2 0 98c 1 red durum No 94c tradCorn — No 3 yellow ing basis unchanged: quotations unchanged Oats —No 3 whits Barley — 36® 78c 79®97c 83084c 55®56c Ry — No 2627c 58®63C 2 Flax— No 1 $199202 Sweet clover seed— $7 50® 8 00 Kansas Citv KANSAS —Receipts No lower 3 CITY April 22 (AP)— Wheat e higher to c 87 cars No 2 dark hard 80 No 2 hard No 2 red nominally Close: May No 3 81 c 87c: 85®85c 8789c: 84®85c No 3 81®84c July 78c September o78c 82e to Com— Receipts 19 cars lower No No 58c 2 yellow c no 55r57c56® No 2 white nominally 3 nominally nominally 55®56c 2 mixed 54f56c:No No3 nominally 55®36c Close May 56c July 54fr56e September 59c 57c: Oats — Receipts 6 cars: unchanged: No 2 white nominally 30®31c No 3 nominally 3031c nominally nominally 3 maise — Nominally 96c® $101 Kafir — Nominally 82® 86c 58M ®60e Barley — Nominally 39®fl0e No 1 hard and dark hard wheat to over May No 2 hard and dark to 11c pver: No 1 red wheat hard e under to 2c 2c to 3c over: No 2 red c to 2c over over No 2 whits com e over e under to No 2 yellow com o over o under to No 2 mixed com Milo Rve— Nominally 4c llc2c M livernnn! n 04: 99c ftnson Stock List Sugar Market 48c m L07c 81 4 05 01 44 00 112 Howell Indian Queen Kennebec Kentucky-Uta- h 107 108 72 105 Cont GAE Rs 58A Elec PAL 5s 2030 F 6s 49A Hygrade 111 P A L Rs 56 T Ind Klee fle 47 Ind PAL 5s 57 J Int P Sec 7s57E L McN A L 5S 42 Nak 5s 2030 B Nev Cal E! 5s 50 N Eng GAE 5s 50 Okie Nat G 5s 45 do 51 A Pao PAL 5s 55 Penn Cent PAL 75 67 54 87 82 105 60 103 PAL 09 75 51 87 4s 99 66 51 1979 Peo GLAC 4s 81B Pub 8 N 111 1081 F 84 85 4s 103 BdPAL 1949 58 do 41 50 D 6s 2025A SE PAL Puget 68 61 82 3s 60 105 108 do 4a 60 Std G A E 6s 1935 cv ct Wash G Lt 5s 58 Wash W P 5s 60 West Newsp Un 6S 1944 Wise PAL 4s 66A 34 S L Curb 00 10 1 30 - 02 00 02 Gold Moscow New Park New Premier New Quincy 04 01 ' 5 75 6 00 06 30 09 04 53 00 13 02 12 01 20 21 01 01 02 02 03 reported Friday Production amounted to 6436 tons against 34869 In February and 43818 in March last year Shipments totaled 1052 against 80135 in February and 63425 in March Coalition Royston Silver King Coalition Sliver King Western Stiver Shield Silver Standard Sioux Mines u South Iron Blossom South Standard Swansea Con 1937 For the first three months of this year production dropped to 110501 tons from 145574 in the preceding three months and 124905 in the first quarter last year” Shipments totaled 96110 compared with 107165 In the preceding three months and 159518 in the first quarter of 1937 Tar Baby Tintic Central Tintte Lead a Tlntlo Standard Union Chief Utah Con Con OH Utah-Wy- o Victor Con Walker Mining West Toledo Wilbert Yankee Con Zuma Utah-idah- o Sugar com do r Earnings Reports NEW YORK April 22 pfA FRIDAY 8ALES Bristol flilver 200 at Chief Consolidated 100 at 49e Comrft Coalition 500 at 20c Eureka Bullion 700 at 15c Eureka Standard 200 at $1 100 at 400 $105 400 at $110 lOfr at $112 at $117 100 at $120 Grand Deposit 1000 at 9c 1000 at Moscow 5000 at Mountain City Copner 100 at $6 Mountain View 1000 at New Quincy 1000 at 8c Tar Babv 3000 at 1c Tlntic Standard 5 at $5 10 at 1510 100 at $5 100 at $5 10 Utah Consolidated 1000 at Walker 100 at $127 West Toledo 2000 at CURB SALES (After 1 P Eureka Lilly Consolidated 500V)at 44c 7o lc 5s 50 50 25 00 00 91 99 103 Il06 50 50 50 00 17 00 Hi qusr-terl-y (AP)— du Pont rie pamphlet reporttheof B Lthree months first A Co for of this year showed Friday consolidated net earnings for the common stock totaled $7176571 equal to 65 cents a share conx with $14806572 or $134 A share pared in the first quarter Ust year Nemoura 9e 3e le 91 96 102 104 15 j NEW YORK April 22 CT— Stocks of lead In the United States rose to 143511 tone at the end of March compared with 138134 in February and 137204 In March 1937" as ship menu lagged behind production the American bureau of metal statistics 08 50 00 i Stocks Mount 14 01 13 01 07 up-2t- Nations Lead 01 01 Mountain City Copper Mountain View Naildrlver Nellie Meda Wagon and Machine sold at t cents and Utah Power and Light 17 preferred rallied to 134 up 25 centa idated 1190 01 01 01 00 04 1 10 01 Missouri Monarch North Lily North Standard Ohio Copper Park Bingham Park City Con Park King Park Konold Park Nelson Park Premier Park Utah Ploche Bristol Plumbic Mines Plutua Princs Con Rico Argentine 02 10 12 00 03 00 K Keystone Lakeside Monarch Lehi Tlntic Leonora Little May Magnolia Lead Mammoth Miller Hill Miners 1 02 00 01 27 01 00 07 01 ' 10 MINNEAPOLIS April 22 (AP)— Flour In —Carload lots per barrel cotton sacks: Family patents unchanged S3 8506 05 standard patents unchauged 60 $5 Shipments 19471 Pur sbran — $1950 & 2000 American Rolling Mill company reported first quarter net loss of $197310 to contrast with nst profit of $2320916 In ths first quarter of 1937 squal to $0 cents a share on ths common Middle West corporation reported 1937 consolidated net Income of $1896 107 or 56 cents a share on capital stock compared with $1633350 or 49 eents In 1936 Corporate net Income not consolidated amounted to $759 067 or S2 cents a share or 16 cents la compared with $548743 Middle West successor to Middle 1036 West Utilities to a public utility holding company at the top of a group of eoncems serving mors than 2000 communities General Cable corporation reported for the three firet monhs net loes of $66147 after providing for the federal Profits sur tax compared with net profit or $887 682 equal to 47 cents a share on ths common 405 Coffee NEW YORK April 22 (AP) — Cof(— Santos No Spot steady Rio No 7 4 Cost and freight offerings Included Santos Bourbon 3s and 5s At 630 ® 6 70c Rio No 7 A futures closed 1 points NORTH BALT LAKE April 22 (USDA)top weighty sausage bulls December 3 93c nominal $675 light higher Santos No 4 D futures dosed 1 to S — 731 lndudss 195 vealers selling at $750® 800 Under pres—Hogg Receipts May 5 80c July B76o higher for market 536 through around 20 to 25c sure choice weighty kinds $9 00® 9 50: points September 060o December 594c nominal lower extreme early top $6 40 bulk late steady little done on replacement cattle sales $8 35 mixed kinds down to $750 Sheep — Receipts 7000 1500 Including sows $525® 6 00 direct late Thursday fat lambs 15 to 25c lower NEW YORK mors off on wooled spots Cattle— Receipts 192 April 22 (AP)— Cotton 133 Includes clippers direct 56 through and 3 for market no lambs $8 00®8 15 top $8 35 clipped was steadier Friday on local and scattered today's trad fairly outside buying good kinds sold early few steers $5 75 lambs $700® 765 odd cows $1 00® 400 few bulls $460 active: undertone strong to 15c higher July sold up from 1 98 to 9 02 eenta end wooled lambs upward to $825 and $8 35: In midafteraoon was quoted at 900 csnti vefliers $9 50 few choice held above $850: good to choice with pricea generally 4 to T points for market Sheep— Receipts 50 choice shorn higher clipped lambs $735®750 lots shorn lambs $650 swes $500 Futuna closed 2 to 6 points higher Hogs-Recei-pts OGDEN April 22 ( Low CIoh High KANSAS CITY April 22 1060 slow beat butchers around 8 9T 8 87 8 01 25o lower early top $8 35 on choice Cattle— Receipts 400 calves 200 no fed May 04 9 8 98 8 98 July or ino to 230 pound averages medium and steers yearlings of consequencs offered October 9 14 9 07 9 03 sows $6 25 she stock about steady in mostly clean-u- p good mixtures $735®825 9 18 9 11 down trade: vealers steady to easier stockers and December 9 13 0 08 9 17 January Cattle— Receipts 130 slow steady: sev- feeders fully steady with broad week-en- d 9 23 March 918 eral lots light driven steers to feeder clearance small lots fat cota $5 75® 675 896c Spot steady middling cutters vealchoice 5 25 to $4 00® 50 good few tots medium to good $5 ers mostly $700® 850 few $900 heifers $6 50®700: odd plain drive-in- s around $5 50 down several lots veal calves 2000 Sheep— Receipts spring lambs BEFORE THE PUBLIC SER$8 00® 960 nothing dons early on other steady to strong early sales sheep and classes fed lambs steady top native and Arisona UTAH VICE COMMISSION Sheep— Receipts 4400 late Thursday 4 spring lambs best wooled lambs doubles 80 pound California spring Iambs held at $8 00 $875 Casa No 2089 clipped lambs $700 Ari- 6®7c 4c at S67 8 97 10 50 10 75 8 90 YORK April 22 (AP)— Wool ton Butter 65000 pounds cheese 48000 recorded small advances oa trade pounds eggs none 22 314 1(4 and commlMion LIVERPOOL April (AP) — Spot Volhouse buy!" Friday Butter cheese end pdhltnr unchanged 4 19(4i No 1 dark winter 8 6d Roe&ft ume was light At Roubaix prices were Eccs 1—candled clean extras 22c 1 — wheat— 8a Australian 7s 7d to 30 centimes higher unoixa-nge20c extras candled medium 3—candled Antwerp Futures closed ouiet: Mav $1 July wee even te d lower medium standards 19c $1 03: October Exchange— $498 Future closed 4 points higher to 2 But-te- r 8AV 22 FRANCISCO lower April (APj— 17 eggs and cheese unchanged May 80e nominal: Jtiiv 79c bid October Winnipeg 13(4 79 6c bid December 79 6c bid WINNIPEG April 22 (AP)— Wheat— 6(4 standard top 83c unchanged Bpot Low Close 19(4 High 23 $1 24 $1 23 $1 22 May X 11 X 14 X 12 6(4 July “ NEW YORK April 22 (API— Sugar fu- October 89 90 52(4 1 89 tures held generally steady Friday on covCash wheat— No 1 northern $133 (4 and some Cuban buying 12(41 No 2 $126 No 3 $115 BOSTON April 22 (AP)— Following ire ering Mv No 3 sold off at l9ic while Julv Oats — No 2 whits No 3 19 the- - aales high low and closing prices of sold at 2 00c or 1 point net lower to 1 sol dat 94c traded Friday os tbs Boston stock hirberMarchIn the No 4 July stocks to from 108 and with 11r the market around the beginning of the la5t exchanges hour unchanged to nointfiiri higher Futures—No 3 closed Unchanged to 3 “Timradav bank debits $!2 0K4 MI'OO (Bales! High Low Close May higher sales 11100 tons game daV last ear points 67272 00 1 POo hid Ti 50( 55 Julv 1 98c bid: September NorOa Butte 55 55 bank 1666 746 79 Friday clearings 12 Tilt 201e bid March 206o bid Sams day last year 237155328 future 01 00 " Cotton 5s 26tf26c: 02 East Crown Point East Standard East Tinttc Coalition East Utah Empire Mines Eureka Bullion Eureka Lilly Eureka Mines Eureka Standard Gold Chain Grand Deposit Great Western Horn Sliver Livestock Market Quotations 95! Montrel 13 19 03 02 00 05 Dragon Wright Harg DOMESTIC BONDS Alum Ltd 6s 48 Sugar 4s 47 “shorts" Sugar 5s Hotel Utah 45 SLA Ogden 5a 35 84 6s 6a 05 Creecent Eagle Croff Crown Point Sherwin-William- s Utah-idah- 1109 6s 5s 01 01 48 37 01 Con Colorado Con Rexall Columbus Combined Metals Comet Coalition Commonwealth Lead Singer Affg Technicolor United Gas Unit Lt A Pow A Western Air Exp Holly do 98! Young SAT 4s 07 which advanced eharply on fairly large volume leading mine iaauei rallied lmpreaaively In Friday’s session on 17 the Salt Lake stock exchange 02 Trading covered only a small part 22 of the list however and volume' 01 in Individual issues was small 17 05 Opening at $1 up 10 cents Eureka £A Standard advanced steadily to J120 43 with 1300 shrfres changing hands 02 Mountain City Copper advanced to 05 15 16 up 25 cents Walker to 1127H 20 up 214 cents and Chief Consolidated 04 03 to 49 cents up 2 Tlntic Standard 02 opened'at 15 up 10 cents and ad05 04 vanced to 1510 Grand Deposit 01 adoov5 opened unchanged at 9 cents vanced to 9 and closed strong at 10 01 9 bid 04 Fractional losses were suffered 15 45 by Mountain View at 3 cents and 02 Utah Consolidated at 1 20 05 Comet Coa'lition sold unchanged 09 at 20 cents New Quincy at 8 Mos01 35 cow at VA West Toledo at 114 and 02 Tar Baby at 1 01 09 Two hundred shares of Consol- Flour 58 58 91 21 00 Clayton Stiver 55c 58 59 57 68 2! 91 301 291 4s 6s 5s Wool Futures Chief No Range of Leading Futures 63 10(109 61 84 (AP) — Cash wheat c No 2 white 17 01 Bullion 60 32 c 42 Barley— Sales 8284c feed nominal malting 68© 86c nominal Rye — Non — $2 50 ® 2 70 Timothy seed Red clover — $30 00 © 35 00 Sweet clover — $9 00 © 1000 2r 4s 5s 22 yellow 07 Cardiff Cedar Talisman Central Standard bulge 1081108 77 Q0 Bingham Metala Black Metals Bonsnxa Mining Bristol Silver Lockheed Aircraft Mountain City Cop Newmont Mining Niag Hud Power Nl&g Sh Ml B Mine Nipissing Pao GAE 1st pfd Penn road 8 Cal Ed 02 Big Hill Unlisted Industrials 99 Vi 107 51 46 13 65 39 101 Vi 48 4s Vi Alta Tunnel Am Metal Mining Co Beaver Gold Copper Alum Co Am Am City PAL B Am Cyan B Am Super Power Bunker Hill 4 8 Carrier Corp Chi Flex Shaft Cities Servlet do pfd Chicago Grain 91 Asked 02 $ 00 00 08 Bid 94 Total stock sales Friday 181000 shares year ago 322685 Total bond sales Friday 82200000: ysar ago $1465000 CHICAGO April 22 (AP) — Ald1 by securities upturns sad by export purchases Canada the froiri of 350000 bushel Chicago wheat market lat Friday virtually overcame 1 4 cents earlier losses Contributing to transient price setbacks was the fact that heavy British export first te have contakings appeared of atAustralian n wheat sisted altogether additional depressing factor was that no fltatee United the export bualnese from was In evidence Only negligible damage 4y Thursday with night's frost In Kansas developed warmer weather forecast At the close Chicago wheat future were (Trading Salt Lak stork xchang) unchanged to 40 lower compared with Connlldated Wagon and Machlns 200 finish May 83®84c July at SI 90 Thursday" to V4o corn higher 82®82V4c unchanged Utah Power 1 and S6 Light preferred unJuly 61V4c: oats May 69Vi®59V4c at S32 changed to (4c up rye unchanged toto 7 Utah Power and Light $7 preferred 18 and provision unchanged at $34 87 Vi 97 Vi 4s 4s 3s 7 31 81 day 31(4 221 I Nat Steel’ dV NYC rfg 5s 2013 2013 A do do 46 No Am Co 5s 61 No Am Ed 5s 69C No Pao 6s 2047 do 4s 97 O A N 48 61 Pac OAEr 64 db70 Pa RR 81 do gn 70 do 67 Phil Elec 00 Port GAE Post TAC 5s 53 58 R Rand 54 Rep Steel do 56 8 Shell Un 51 Skelly Oil 4s 51 So Cal Gas 4s 65 81 So Pac do 46 Ore 77 do Std OU N J 3s 61 Stude 6s cv 45 16(4 74 15(4 85(4 66(4 12(4 32 Vi Mi Ld by Eureka Standard FRIDAY QUOTATIONS 7-- Producte Markets 8l Jobne-Ma- BOVi 42c 20 Vi Domutlc: Ohio and Pennsylvania flwc— Delaine blood combing Vi 26® 28c Unwashed Vi Vi blood combing 26l27c 28 28c blood combing 25®28o York fleece-De-la- lne Michigan andVi New blood combing 25® 26c 25® 26c Vi blood combing 28 it 27c Vi blood comb’’"Wlecona'ln Mlaeourl and averaga Indiana combing 23® end New England — Vi blood Coj 24 ® 25c Vi blood Insplr 24c Vi blood combing and braid 26 common 25c 24® combing 20c cotta 18® ®27c black burry acedy 5C Metals and t 4s 3s Mo Pao do Mont P 27 68 56 58 45 100 4 42V4 G 3s 40 Mci AR 5s 6s 77 F 75 gn 8s 66 Nat 3s 5165 7 4 31 56 57 Loew's M 5(4 46 4a 2t 11 50 I 23 I 50 1113 99 eir 44! 99 FOREIGN B0ND8 (Sales In $1000) 1116200 Total stock 531 47 46 ) 47 5s 53 previous dav 590249 week ago Abitibi PAP sharea vear 25! 90 I 90 aso 1202559 two years ago Antwerp 5s 38 closed: 411041104 104 5s 55 Australia to 57 1 J&uarv date 894224 1655910 1100 56 do 12100ll00 vear ago 183627595 two years ago Belgium 104-66a 55 811041104 200052183 36-5- 7 13 Brazil 131 1109 17 109 1108 Canad 4s 60 9 13 Colom 6s 61 Oct 9 71 Cuba 45 IMonev 1! 29 GCAB 6s 60 Oct 12! 97 Denmark 4 s 82 40 26 Ger Gov 65 Settlement prices at Utah stneltersr 8 do 7s 49 and 7 s?a norted bv the American Smelting Italy 7s 1951 Lead 4 50c pound Japan ComriMiy are 94 74 54 65c 3 58 do 65 lopner 9 pound 1 28 KAT 5 59 ct 2 100 NEW YORK April 22 (AP)— Bar silver Norway 4 s 63 4 56 unchanged Peru 7a 59 1 32 Rhine W 6a 55 1 LONDON April 22 f AP)— Bar silver — Rio ds J 53 13-16d 10 65 18 52 unchanged (Equivalent 42 23c) Rome 11 29 Sao P St 7s 40 Bar gold— 139s 6d oft penny (Equiv- Tokyo 1 56 E L 6s 53 alent $3481) 1 56 Yokohama 81 per cent j Money— blits IMscount rate —Short and Previous Total sales Friday $9748625 per Mnt 229 Year week 375 ago closed $8 day Two years ago LONDON 22 (AP)— Copper— ago $10077000 1 to April date $572248955 January future £39 £39 6d: spot 12s Standard 17s 6d Electrolytic—Spot bid £43 10s Year ago $1 281841000 Two years ago $1323111000 asked £44 lOi £188 5s futurs 1169 Tin— Spot Bids: Lead— Spot £15 8s 9d future £15 10s Zino— Spot £13 16s 3d future £13 18s 9d NEW YORK April 22 (AP)— Copper — First grade lb BUTTER 28 f 27 Electrolytic— Delivered Connecticut Second erade lb 3(4 Steady 10 00c export 9 92c valley s less) (Parchment wrapped spot and nearbv Tin— Barely nearly: EGGS 3830c —forward 3835c New York 450 22 Large white new laid extras dot 0 Medium Lead Steady spot 20 white new laid extras doa 435c 455c —East 8L Louis 21 dot East SL Louts spot and Largs nsw laid standards Zinc Steady: CHEESE 4 25c forward aluminum erttm triplets lb 14 Iron and wolframite— antimony quicksilver Pull 15 Full cream longhorns lb Unchanged platinum 1 Full cream 5lb sandwich loaf lb 15 20 YORK April 22 (AP)— Lead fuTriplets western cured lb NEWClosed 20 western cured lb ture— 2760 000 unchanged to 11 4 points lower Longhorns 24 Daisies lb western cured switchea Sales pound 24 No Longhorns Wisconsin cured lb Zinc future— Closed unchanged aalea NEW YORK 22 (AP— Eggs— April Pacific coast jumbo and premiums 27 r 30c standards 25 specials 26&26c 1 Silver ©23c mediums 22 $25c: MONTREAL April 22 (AP)— Silver CHICAGO April 22 (AP)— Butter prices closed 30 to 65 points up May— low 4185c: Close 4185c were steady Fridayscore Fresh: 93 score 4183c 91 score 26c 02 86 25c 90 score 24c 89 score score 22 c Centralized earlots1 90 score 25c 89 score 24c 68 score 23c Zen Radio Zonlt Pr Gen Ry Big “ R A U 23 491 50 71 58 Kresge Fd 4s 45 10 37 V4 10(4 ww Co I 58 47Vi 22 58 40 50 (i m 66 Cm 61 Inland Stl Int Paper 5s 47 Int TAT cv4s39 2 J A L at 61( 2(4 13Vi W 11 top-flig- ht 75 3fl 11(4 J Wriw W Y— Y Tr A (J T U Y S 35(4 35 F g'Ss G Ac 3a Gen 41 do Goodrich 4 Good TAR 5a Gt Nor 4S 96 M III 50 67 19 62 T'4 Corporates Climb and secondary Both corporate Issues advanced Whether Friday’s rising prices would help business regain confidence In Itself was the topic discussed in the brokerage house boardrdoms after the close of the market Leaders among the rails Included Chesapeake & Ohio first 4s of "89 at 107 up SH Nickel Plate 4Vii8 at 36 !4 up 4 '4 Southern Railway Consolidated 5s at 59 8 ifp 5 8 5s of ’62 at and New York Central 36 up 3 5s at 50 up 3 Higher Elsewhere Higher elsewhere were International Telephone 5s at 61 up 5 Studebaker 6s at 63 up 3 8 International Paper 5s at 87 H up 2H International Hydro Electric 6s at 65 up 3 and Walworth 4s at 64 up 314 Among foreigns Polish 8s ended and Canadian 4s at 56 up 2 at 109 up 1 The Associated Press average of 20 rail bonds rose 16 the industrial average 7 the utility average 3 and the foreign average 2 Transactions to'taled $9748625 face value against $8229375 Thurs- do gn lien 4a 96 ll h 9 8 20 6 2K103 131102 2(103 8 31103 12H03 4 1103 8 191105 161104 311105 10 BONDS CORPORATION (Sales In $1000) Close tSaleal High! Low Erie rf Corp P AM Wr Aero W 11105 9 1105 9 1105 11104 8 1104 8 1104 H105 201105 20H05 6)105 6 1105 6 1105 OWNERS LOAN DARGW 5s 55 do 5s 55 asd E 8 Vi - MORTGAGE 3s4s51 39(4 3 30 Vi Steel FARM 3a 3a 25 W O A S W Un Tel We at Air fl W E3 A Mfg White Mot Wll A Co 26 (i 69-5- 6 Colo F A I 5s 70 Colum G 5s 1961 51 Com Cred 46 Con Edia do 3S 56 ConGssNY 51 Con Oil Consum P 3 a 65 25 14 21 12 7 20 8 El Tf 60-5- 5 : 30 31 7 37 2 99 50 7 — Dalwth W- 1 Can Pac 4 Vi a 60 do 4a perp Cen Pao 1st 4a 49 CM8PAP Si 75 do'aj 5s 2000 CANW cv 4 Vi a 4 18 do A S R A I S Rub pfd 8 48 63-4- 9 54-5- 1 STOCKS It waa a good d&y for all kinds of bondholders for rail utility industrial and foreign issues all joined Colts Pst P the advance GAB Colum Leaders among corporates were Comw A 8 warpfd Con Cop Mines more 1 or 8 to up Elec Bond A Share United States treasury notes do 6 pfd do $5 pfd c showed gains as great as Eqtuty Corp of a point as banks Were reported Fik Rubber Motor Can A investing funds freed by the re- Ford Ford Motor Ltd duction in reserve requirements Gulf Oil Mining Three home owners’ loan issues Heels Humble Oil touched the highest levels since the Internet Pet Jones A Leu Bteei date of Issue Lion Oil wm 52-4- 9 2s 2s 3s 2s 2 I day Mne Issues Advance in Light Trade Stock Market Quotations (Sales in hundreds) y-ant Bal Loc 5a 40 at B A O 5a 2000 D Beth Stl 4(4a 60 do 3 Vi a 66 Bklv M T (4 Vis 66 2 Ward Bk A do R Warn Br P "Mohair Is stronger Options on hair in Texas have been taken at 26 and even in one Instance at 29 cents for adult and a dime more for kid” The Bulletin will publish the following quotations: 4 64 191 Un Carb Un Oil Cal Un Pac Un JUr L Un Atrc Un Biscuit Un Corp Un Drug Un Fruit Un Gas I li ipfd reg 6 Alleghany 6a 44 do 5 49 do 5a 50 at 5a 2030 AFP Am TAT 5 Via 43 do 3(4i 61' Anac Cop 4(ia 50 Arm Del 4a 55 4a 95 ATA8F 28 111 60 13 4 251 1 pfd USSRAM 90 13 54 43 102 132 3s gta ir 21 3s 1 29 35 Tex Corp Tex Q pr Tex G Sul T P L Tr Thomp Pr S Thomp T W A Oil Tim D Ax Tim Roll B Transemer T As W Air Trl C Corp T O Fox P tr— U U 9 5 45 48-4- 35 142 15 U 8 Gyp U S Ind A1 U 8 Lea 20 22 4 2S 3a 23 16 Inti Under 46-4- 4 HOME Rey SIS 41 FEDERAL 7 t 50 NEW YORK April 22 U S government iseues spiraling to new 1938 htghx led a broad advance inthe bond market Fri- Low Close High 1971106 201106 171106 18 521108 00108 001108 00 214 108 131108 9 108 11 18(109 161109 13 109 13 171109 10110947 Il09 9 611114 4 1114 0011144 25U05 10(105 10110510 6107 15 107 10110710 51107 30 107 301107 30 118 8 1118 11 103 221103 31 41103 8 103 8 1103 8 11107 25 107251107 25 2881101 11 101 1 1101 6 1241102 241102 171102 24 251105 241105 141105 24 371103 261103 12(103 10 37il02 191102 13(102 14 45-4- 3 2? ( 17 43-4- 1 7 pfd Pb Sv Pullman BONDS $1000) ISaleel Jun Mar 43-4- 0 16 IP In L S NEW YORK April 22 (AP)— Fallowing is a list of Friday's transactions oa ths Nsw York curb exchange: TREASURY 25 4 8 9 18 63 0 on Merinos 't 19 Cl Pr Steel Proc A NOa 29’ 4 Kel-- 25 26 Bteei Qias Pitta do 32 120 BOSTON April 22 UP)—' The Commercial Bulletin will aay Saturday: “There is a better tone in the wool market It is not especially I 24 E Elevat Phillips Steel 1 Tone Imp (elected Frm i & GOVERNMENT ffialea (Dollars and 2186 13435 32 33 9895 19 00 15 14 19440 6446 3754 113 64 2891 1964 4222 13 23 16 53 38181 18911 144 61 Patino J C PenneyR R Penn Br Pfeiffer Phelps Dod Pet 130 Vi 126V4 130 TO 71 71 8 Vi 6 Vi 6 Am Wool do pfd Wool Market Scoured baaii: Fine 12 month! high low high low low high — P— Pso UU Pack Motor Paran 2 Piet do Utahpfd Park Mne do pfd Am TAT Am Tob B Am Type F Am Wa W U 3s 3S 3a 3S OIIt Otla Oils Ow-I- il Am Bug Rf At TASF At Refin Atlas Cp Auburn A Avia Crp NEW YORK April 22 (AP) — Following rt Friday’s hlsh'low and closing pricss of bonds on the New York stock exchange and ( Furnished by 1 A Bogle A Co members New York stock exchange) Close Low High 30 lndustn967 11574 118 52 Up 312 22 39 2163 22 23 Up 90 3 20 rails 18 88 1822 1873 up 70 20 mtlitlei 40 bond! 6610 mp 11422 Commodities 5061 30 up 20 20 4a 4 Indust Rails Utils 1938 1938 1937 1937 1932 1929 88 62 21 Vi II 22 87c fine ehort 12 montha 62® 6341 Oat S months 57®59r 55® 57 c middle California — Northern eouthem 53® 54c fine county 54® 55c carbonlied fine 56® 57c ccoured 55® 56c Oregon — Fine and F M staple 65® 66c fine and F M clothing 56®5Sc Montana "and similar — Fine staple choiceVi blood combing 64® 65c: 87® 70c blood combing 52® 64c Vi blood combing lt f 67 13 Bond Prices s Averages CIom Ch?a 8 811 broad nor especially intensive and prices have not responded particularly as yet although "there is a disposition on the part of holders of wool to ask more money for their stocks and this has stopped some business which might have been done' The market is firmer "Manufacturers report little that Is new in the goods market There is some buying against needs and a little on speculation apparently This speculative buying however has been chiefly in tops and is not pronounced ' "Foreign markets have been Bradclosed for the most part ford however is firmer especially Low 47 g” u f 18 10 11 close It Dow-Jone- STOCKS YORK April 22 (AP) — Aggressive buying support got behind the stock market Friday and lifted leading issues 1 to more than 5 points although profit selling chipped down top marks at the ?! Federal Lieijs IV y Curb Liead Wide Quotations Bond Advance N Y Stock Exchange Quotations S L Bank Gearings 44e 905 914 506 OF truckload $825 no $9 local springers DENVER April 22 Cattle —Receipts 150 calves 50 steady load 668 pound heifers $9 00: odd lots $8 00 down beef cows $5 50® 0 35 cutters S4 00®5 00 bulls $5 50® 6 25 vealers $10 50 down other classes practically absent Hogs — Receipts 800: 15 to 25o lower 160 to 250 pound S825®8 35: 260 to 300 pound $7 85® 830 good medium weight sows $700 Sheep— Receipts 5400 little done odd head Arucked-ishorn lambs $715: asking strong to 25c higher on zed and spring lambs: Indications steady late Thursday 6 doubles 101 pound fed sbom lambs $735 freight paid with 4 per cent shrink OMAHA April 22 ( Horl Receipts 3500 moderately active unevenly week to 15c lower mostly 10 to 15c off: light weight butchers off more In Instances top $8 10 by shippers and traders for around 190 to 225 pound weights small lot $8 20 to trader: good and choice 150 to 240 pound $7 857 8 10 250 to 280 nound $7 60®7 85: 280 to 300 pound 87 o® 7 65 300 to 350 nound $730 sows steady to 10c off 7 50 mostly $T °6 sites $8 oo down pigs nominal Cattle— Receipts 700 calves 100 fed $2 50 steers yearlings and heifers In very light sunplv slow steadv to weak cows flow but about steady: bulls weak vealers closNOTICE TO VENDORS OF ing weak to 50c lower: Stockers and feeders PLUMBING MATERIAL scarce nominally steady small lots short fed yearlings and light steers 8ealed proposals will be received and few lots heifers $70ft®8 25: beef - In the office of the Secretary o( the cows mostly $5 75® 6 50 cutter grades University of Utah until 9 few 54 25 ® 5 50 mostly $4 50 ® 5 25 April 25 1938: tha same to be pubdd head heavy beef bulls $6 00® 6 50 bulls $6 75®6 85 practical vealer top licly opened and read at the above-state- d $8 50 few $9 00 time and place for furnishSheep— Receipts 4500 fed wpoled lambs ing pipe valves and plumbing maooening slow earl y undertone weaJt ask terials aa called for In tbe list of ine stronger fed clipped lambs fully stead v tnaterlals and specifications earlv bids fed wooled lambs to $7 75: bulk to $9 00 an dbetter fed dinned iambs List and specifications form of hadsold one load 78 pound $725 three all proposal bond and form of conloads 68 to 93 pound $7 50 tract may bs obtained upon appli— Hogs CHICAGO April 22 cation to tha office of the Purchas- — Receipts 7000 Including 2500 direct: lng Agent Room 120' Park Buildhogs 210 pounds down generally weak to 10c lower than Thursday's average heavier ing between the hours of 130 a m to 10 15o 70 off and 5 00 p m weights early top $8 practical late top $8 60 bulk good ando Certified or cashier’s check In the choice 160 to 240 pound $8 60 amount of at least 5 per cent of the to 280 ooUYid $8 10® 8 35 290 to 350 bid must accompany proposal pound $7 90®8 15: sows very uneven bitik 350 to 550 pound averages $715 Tbe right Is reserved to accept 41 7 45 any or reject any or all bids either Cattle— Receipts 1000 calves 500 few by Item by grrup or by total sum sters here mostly small packages and odd Bv order of the Board of Regents lots: trade slow steady best 1100 pound ot the University of Utah offerings $9 25 three lords scaling around 1050 pounds $8 10 odd lots $7 25 i 8 0 BEIBFRT W MOTE Hcht heifers malnlv medium grae market ' Purchasing Agent s dull beef cows slow steady at S6 00r ot Data first 7 00 malnlv cutter grades uneven and publication April 15 1938 selling mostly at $550 down practical am 358 In tha Matter of the Application of the UTAH LIGHT AND sona ewes $465 SOUTH SAN FRANCISCO April 22 Cattle— Receipts 25 all classes quoted nominally steady medium to good fed steers saiabfs $725® 875: load steers from local feed lot $775 sorted 4 head $6 75 medium to goo dbeef eows quoted largely $5 50® 6 25 few fleshy dairy type oows $500 medium grads weighty bulls quoted to $635 Calves— Receipts none nominal good to choice vealers quoted around $9 00 ® 10 00 a Sheep— Receipts 100 supply very light California part deck good lambs sold unevenly lower at $7 00 spring sorted 15 head $600 older classes absent — LOS ANGEIES April 22 ) Cattle— Receipts 200: few sales steady few steers $8 75: short fed heifers $7 50 cows $5 00® 575 cutter grades $3 75® 4 75 bulls to $6 50 Calves— Receipts 250 holdovers 221 very slow weak to lower good to choice vealers $10 00 few calves $6 00®9 00 holdovers 938 i Sheep— Receipts none few bids lower on spring lambs choice spring lambs quoted to $750 few wooled yearlitiga $500 common to medium swes TRACTION COMPANY to discontinue motor bus transportation service between Bountiful Davis County Utah and Fifteenth North and Beck Streets Salt Lake County Utah to institute and operate a motor bus transportation system in Salt Lake City Utah between Twenty-sevent- h South and South on SevThirty-thir- d enth East and to discontinue street car service on said route to discontinue service on Route 23 (Capitol Hill Route) after 8:00 p m and to remove its street car tracks and overhead from certain streets in Salt Lake City Utah NOTICE OF HEARING Notice is hereby given that the foregoing application for permission to discontinue service as shown above will be heard before the Public Service Commission of Utah at its office 311 State Capitol Salt Lake City Utah on Friday the 29th day of April 1938 commencing at 1000 o’clock a m By order of the Commission Dated at Salt Lake City Utah this 18th day of April 1938 ’ (Signed) WENDELL D LARSON Secretary (Seal) NOTICE OP APPI ICkTION FO KM1MKATION OK TKA1IK-NAMNotice Is hereby given pursuant to lit traoe-marlaws of the Htste of Utah that Rainbow Cleaning anti Demg Co of Belt Uako Citv State of Utah has applied to the secretary of State of Utah for reals 'Rainbow Clean-lotratlon of Its trade-nam- e and Dtefng Co" to be used genrmiy In the deautug and dyeing business 8‘T - 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