Show Tuesday Mornlng- - 20 £V Salt £ak -- December 17 QVUmnc lg I 4 t Si Bond Prices Stock Prices Dow-Jone- YORK Dee 16 TAP- I- Following stock trannac-- n a tabuiHtnmi of Mondav na on the New Y trk sto k exchange VTCW i STOCKS II Net Che Cose Iow Sales! High (Furnished - 116 2 1 - H 164 7 A fs - la R d i ite of 2 4 JO 4 - 7la 47 i 4 47 s k 8 j J 24 1 u 4 - 87 SR Am Can in4 87 101-10 1$ NEW YORK Dor 16 UP) The AA CC Ntjgar (0 A F 29 i under down backed ork market - J A AFP 2ft 2fi i $6 pf d assure rolatnelv light pt Mqndav A H A I i e x'mP 4m Itiier 12 as Wall street sfieculat 17 m bufl ment took a turn for the worse M 4 F Leading industries with steels AA R A 8 R Mill II in front were the principal sufferlUr r 7 80 11 ers Losses of fractions to around ANAR n F di s A 2 points were fanh well distributN A Ref s 4m TAT ed at the close A few minor Am T b were in eudonce at the final R do 4 T F irs gong W k 4 On the other hand tiansfeis AmW W do pf amounted to e'iORTO shares com- pared with 961 450 last Friday a nlj?"ri Arm III when trends pointed upward Mo pr pf In addition to a "lit t le more ear-en- A tJ G is A A S to la selfitTg traders inclined All Refin lighten accounts in the wake- - of Allado Cp the president s statement at Watrn Av C pfrp Springs that he would return there Ra!— b — a ct 12 177 " nel March 'if the world II BA Ohi d pf Consideied al bit ominous Raih Il)i 4ph also marketwise was the warning B iriurtall 9 i4 7 Hem of Defense Commissioner Knudsen Beld 6 1 IS Ren I A t to the machine tool industr that Best A Co 4 tn 2ft H77 si “if vou could see as I do from the Beth do pf 2 129 128 inside the terrible urgency of the Blow K ix 9 9 91- fl e Airpl 1" p of situation” a quick speed-uproB r le l7 B duction would get under wa 20 204 irg War Rr N All of this led financial quaiteis Bridge ’24 Br gg M f 2 47 11 to the thought that some emer- Bk UnF r(as e Bp n3 Ts J2lly gency was confronting the country Bu id Mfg 5i 11 Whl Bu 671-- 1 to7 that was not generally known I Bui a H the circumstances brokers said B 4 M h Bver a little bearishness was logical —I — Jones ( al Pa k Laughlin preferied con- Cd tested the move with a (a A Her A e advance It was up 1 at one time I) Pa if at a new high for the year Talk Pa P ite Co of revamping the eompanv s cap- Pat 1m t Pt In ital structure to take cate of $10 Pel ilexee Cerri de P a share in accrued dividends was Pc t LP L 21 421 42' offset to some extent he hanking r A O 2fcl comment lhat refunding of bond 751-29 7b "5'n ) ' issues must be (ompleted before Cot i (’’nl t 105 105 195 5 1 P ’ j j j the senior stock wnuld be consid- rnlgrttc Go) 4 4 32 4 2 21 el j s j i w ' dav Brokers said they were none too certain where blame for the sell-obut comments of belonged President Roosevelt on world affairs and of Denfense Commissioner Knudsen on the rearmament program were mentioned as likely to cause some misgivings over the immediate outlook 4 4 M- ff 4 rero-ene- i CORPORATION BONDS i ftalcs iti $ 000 y Mining Shares Drift Down d I i I F o 28 1b 51 I 16 2b 27 209 17 JR’ 30 3 Jib 264 209 209 K 4 Oh o I OFF Omiiib ft On i I 7 Palhe Pitiu !' if Gnnolpum Ton Air r Cons Cnp NFW YORK Der 16 (4P fottou futures suffered small looses M nda in ConHo Fit a id pf der pressure of Bombas southern Con Oil Middling spot 10 J5c nominal Conttinpr selling off 2 Con R'lk A I ! Business and Mining Notes 4 -i i j Deeember industrial production at 118 for the Standard Statistics Index unchanged i ora the revised November figure and 7 2 points (6 5 per cent) above that for December 1939 The 1929 peak was 112 9 in June of that year and the 1937 peak 107 7 in March of that year Is estimated u r t Domestic stocks of slab 7inc on November 30 were 17 936 tons compated with 22600 a month earlier and 61500 a year earlier according to Standard Statistics The total was the lowest for any month end since 1926 Shipments last month were 61145 tons production 56481 and it is likely that the latter figure represents about the limit of that trade’s capacity with its present facilities Domestic stocks appear headed lower t 4 4 a 't j 4 I i 4 Sij- - F ( I! J K bj pf b Oil I B I 9" 29 12 4 K Should the steel Industry expand is the question plaguing the nation s biggest basic industry Adminissays Business Week tration economists hold expansion is vitally necessary if production of peacetime civilian goods — autos refrigerators and the like — is not to be curtailed Industry men generally contend that plant expansion is not ncccssarv to guarantee fulfillment of steel s xecognized obligations for defense- which are not expected to exceed 8000000 tons a year at their maximum or less than 10 per cent of the industry’s capacity Croslev Crown Zell! do pf Cii Am S pf Cudahv Pk Curtis r do A — !) — rI y 4 z9 50 Del A I 7671 fed Pis C 1 12' ' II(in 42' ift 11' 10 10 w 17 11 06 r 1061 107 65 1$ Ob 69( 59i 92 i j u 9b 75 IOI 1111 9i 5 81 kioii Ofi 8 76 ‘j mm - um 0 tixabT9 JLMlix±n-9 60 4 7 7 15 HI l 15 I 01 1 9 6 "1 in 0fl7 007 0 4 10(1 1010 i 67 -64 JR 51 30b t 11 1 f 4 007 JOjJ 105 I 1 6V4 67 51 0S 7 19 14 (17 ? 2 11 4- 47ij t f IP mn1IMS 106 tMM IU 4 i8 h 97 60 utra 4 il 'A 1M 105 5 Aotuerp t “ Brtril a 76 55 3 ' s 6 i 21 12 h ft 76U N 2h 37 9 15‘ 5 2 bl idpm it 5 (ij (1 alt N Pat 10 1014 La 4 14 45 V ( 2 b b bO 6 6 'j Si bt’n sstk 8 ’h 1 5"’ ‘ 14 Rl 5 5 h 8 69 54 ‘ 4 50 25 15i 7 (ill A S8- si 18' 1S' 01’ 10' JO 10' I 10' 29i ft 51 I2 91 111 ' 5b' 51' 1ft' 57 7 b() F4 51 41 4 7 a I 14' 5ft Ott Cer f t 5 j 65 Ho 7 49 5 5ft Cl 10h 107 66 FI F F P A I t do $b pf do $7 pf nc urr 1144 114 117 115 15 3 P '8 7 I 17 124 R R Tex 3 mi Ti it sc " Flintkote Freeport F 'I ’ trctnne 125 pf us51b 125 3 t4 516 T f ' thS O A A B 1 l i ft 9' 30 " lb 4 ' wfr Do R JO ' 49 8 6 j Grain Chicago CHICAGO Dec 16 (AP- 14 OS’ ss bO 6Iu Omi 7 NFW New fo Cirb 1! Oil OhI Pa if jr Dot Air I tin! A ri rlt Dot Bi( (Jut Carb Hut Crp I nl Drug Dnf I)e pf Hot Fro t H I U l t 3 YGpk d 52 i U Wth 11 4VVr 4 Pav on Hand Ml lusp Cop Inter! Ir Int Bus M It t Harx IiU H Fi A Int Nick C lnt shoe I 7 id W ' 7 2 89 12S 3 10 4 56 54 2 2 JO 2 76 Man 0 161 161 U 5 44 5 - I62ka 7' 1 43 ' 6 61 4 IS 35 Ui 2P 2 ft 3 to M III 2 7 V 7 60 A 43V 43 61 - 17' I" - -- 23 Utah Oil Ref Bank t 25 1A -- r 2r- 28 33' 2A-- 2 2 7 3 3 1 1 3ft 36 35 6 14 1 24 4 24 A 42' A Du fi’ — 94 s 177 2fts 11 ft 6 91 JRV 91 2ftU 1C jo! 19 ID7 ' 24842 1 V - lh84 3D 10 2ft‘s- 39 14 1 4 39 14 IftN 5 60 18 60 60 ' 5 28H 28' 2ft'A - ft 1 17 13 1 3 2 2 30 267 XI 16 X t 14 26N 11 Hi 16 327 lll84 34 W 32 111 Sift 34 U 1Ri e 26i' 31 11b 32‘a 111ft ““ - 34 44- i 41UUlXwSJJ 24 Stocks Sugar Stocks Edward L Burlon & Company 18911 - if TI I B 22 FAf 2) 2o 2 10 17 16 7 20 - jni' j — 2UV- S 102s- 1 02 1' -3 hi on e M w ri h orthgtn ' ' 4- - Nit 'Nil r p r A— M e Tunviac Hud Power 60 2 1 J 31 L 4 5 5 5 5 Mar t 16 25 2 1 85 4 67 58 5 1 0 57 1 67 5 Va ft i 16 9G r 59 7 671-- 1 U O v 3 61 6 5's 8 Mav Ju v Sep 4 14 30 7 3i 861 86 85 85 95 CHICAGO tt S9 hi 57inuxci1 Corn 4 1 durum No V 2 lb 79c -- N w Dl I T 'ijNi i'k 1116 Kansas Citv 2 ( HY 66ars iifit 2 Reteipts dark bard nk tohl)ti j 'FlaTmum pire $ b 90 Chinese 22 30 tf 24 00 wolframite Domestic acNeeiite $23 00 A R K A N 7) 10 50 70 90 No mixed grade 2 sample 6i!c ld 34 2c No 3 58 31 7 i N 5 No n 61 ft 56 ic f 9 16 (API 81ffi82e ip I lower Wheat No 81 No 81 82 c No 2 hard NTo 3 80$i82c Ordinarily one does not think of gold as entering the “scrap” or secondary trade but we find that in 1938 the gold reclaimed in the United States from dental waste-oljewelry and other material delivered to the United States mint and private refineries reached the total of 870881 ounces ofv which 861622 ounces were sold for industrial and art purposes New gold MONDAY S SALES delivered to the mint in 1938 toBid Asked taled 5086811 ounces and 5611-47- 1 Alta Tunnel v4ounces in 1939 Am Metal M Co Bea er Gold Cop Hill Silver Recovered Big Bingham Metals Black Metals Again it is surprising to note Bonanza Mining that in 1938 the secondary silver Bristol Slher Bullion recovered from film silverware Cardiff ' and other sources totaled 18438847 Cedar Tails Centra) Btandard New silver produced in ounces Chief Consolidated 1938 totaled 62 665335 ounces and Clavton Silver Colorado Con 65110513 m 1939 Colb Rexall Combined Metals 'Turning to the nonferrous nonCoal Conjet precious metals we find that secCommonwealth Lead Condor Gold ondary copper recovered in the Crescent Eagle 5 United States in 1939 came to Croff Crown Point 695 pounds with compared Dragon 2051588228 pounds of primary F Crown Point F ast Standard smelted copper produced As comF’ Tin Coal pared with domestic mine output Fat Utah F mpire Mine secondary copper produced has run F ureka Bullion about 65 per sent duung the past Fureka I Hv Con F ureka Mines few years F ureka Standard Gold Cham Secondary lead recoveied in Grand Deposit 1939 totaled 241 500 short tons as Great Western Horn Silver compared to 420969 tons of lead Howell smelted from domestic oies or Indian Queen Kennebe almost 60 per cent of primary proKenturkv I tah duction Zinc so often associated He stone I eonora with lead in ores is recovered Little Mav in seen n d a rvf or in f rorruedist ill ed Magnolia lead r Mammoitr and remelted secondarily slabs Miller Hill allo-yMiners Gold 7inq dust pigments and Missouri Monarch salts and in 1938 this product Moscow Mt Citv CoppftT totaled ' 189640 tons compared V lew Mountain with a mine production of 583807 Naildrfv er New 32 'ft Park Dt tons or about 32 per cent e New Premier nnvft New Qulnr 52 56 Aluminum Reused No Standard 01 Ohio Copper 03 ft ou In the case of aluminum some nt Park Bingham 0 Mft Park Citv Cott 09 Oftift' 50000 short tons of secondary Park konold 01 a n?ii metal were Park Nelson 01 A recovered in 1939 02 lft Park Premier 0 11 02 Vi compared with a primary produc1 SO Par) Utah 2 20 Pioche Br'stol Of) tion of 163545 tons or 30 per cent Plumbic Mines 05 09 of primary production PltltllS 05 21 Prince Coy 26 Tin increasingly impoitant be12 Rko Argentine cause of world conditions showed Rovston Coal n 00 Si er King Coal 5 00 a scrap recovery in 1939 of 29160 5 25 19 Silver Kiue West 41 tons equal to 36 ‘per cent of our Silver fthielrt 01 00f Silver standard 00 1$ domestic consumption (we proSioux Mines 00 Vi 02 duced only 34 tons of primary So Iron Blossom 4)0 So Standard 0 06 tin) against a recent annual aver01 Swansea Con 02 Tar Bahv 00 01 age of about 80000 tons Figures Tint io Central 0011 02 for 1939 consumption are not comTmtli I earl 10 3 mtlc standard 2 0 j plete on Dillon Chief 02 Some idea of the magnitude" in Dtah Con 001 ni Dt Id Rug com 55 dollars and cents of the domestic fii Dt II Rue nffl 9 13 30 Dt Wn Con OH secondary metal industry may be 06 09 02“ Vu r Com 0 gleaned from the following late 7 Walker Mining 8 W on 01 rt Toledo figures released by the bureau om-- i Wilbert OI of mines for 1939 5 ankee Con ot O m i4 Zuma Tons Metal Value 03 50 000 Aluminum $19 750000 SALFR MONDAY 2 425000 9 810 Bristol Silver 2000 at 4r Antimony Colorado Con 2000 at 1c 409 700 103937000 Copper Fureka Bullion 300 at 20c Horn Silver 100 at 15c 241500 Lead 22701000 Moscow 5000 at 2 920 Nickel 2044000 New Park 500 at l'c 3 1c Rico Argentine 2000 at 12‘c 29 160 Tin 20276600 Silvaf King Coalition 10P at $5 10 Zinc 189640 19722600 Stiver King West 100 at 40c S L Stock Market Quotations ri vealers t v 1 ft v Lft v 1 I i 1 1 ' 1 1 mtic Standard 400 at $2 20 $2 15 Walker Mining 100 at 79c CURB RALF S (1JP M) Chief Con 100 at 24 New Park 1000 at 3 b 16 at Total $199856200 Duung normal times the secondary metal industry thrives with high primary metal prices but war conditions usually change the picture BUTTFR First quaiitv sweet'ereem lb $ Firsl quautv lb Second qua itv lb (Net prices no distount ) FGG9 white specials do Iarge wh le extra doz Large Medium extra do? Large standards do? CHF F SE Full cream triplets lb Full cream letup m lh Full (ream 5 Ih utvvich loaf ib Io ighnms western cured Ih Loukhoms Wmcuusiu-eu-Fed- — 4b i— Daisies Wisconsin cured Ih YORK Dec 16 95 37 36 offered earl OOOFN P® ftWi ®®f 19 hi her ( weight bmih?rj fi 15 top bulk gm clolc P”"’!' 2 tO U? isn pounds 6 in and tinder that ra U” ’ii 6 10 treme neavle m 1lki 5 60 packing J 4 23 llsl month kind t 50 a 4 bUll’iher Joutnl' markVtldR'l9?''hrnuch 1 "ISO WRS cal-- S SO r HU odd head market earlv IKM bull $11 50 ealers 8l7s 'tock'er l point Otl jovei thee tion trati loN total as pi teleb rivr bulk Mh non e ca m ha Iv t nor work undei highv Als this i the I histor an ot The buiT Stu the ( hibits fedfu the ( site c Ow cision pendi Lake tiona which 4 "it 4c ether nthei Ing API port out hundi Lei Beav Emer Kane Sumr Wash Se t dik f repor otlhn sh $6 )U ft b 7 hit wMlere 1(100- - a few SinfT5-l- T 5Q hnfreTi l Of k pound leJ rahe $1150 OU (rttt)e replaement 5fti0rini5 ftalahle a n Sheep 4000 qW no early sale h In ope lower ir mti slaughter Jyliy I OS AN(H F ft j)e Ifi VP sun a toe 10 Png! ftolahle aupplv o h ilk tent t m me higher ehn 7 fe ' n $6 50 ft 00 top on $ aw $7 20 Cattle Salable reieljt rum 2(ino ateadv pi s m ache higher a Iv anc e on niMnm 0 m jotj fed afeer $9 00 0 75 best held abm a $10 00 fed Slt other Mv tan fp heifers $7 10 y 7 4(1 $8 tov cow 9 00 )fi $6 nn earners a i cutter $4 25 h (10 bti Is $6 5()'&7 2i Calve salable reteji 400 fm teady vealers to $12 do range calve S8 00 ft 8 75 110(T atead Sheep — Salable re eipt to 02 pouid wooW good to tholce 9 load flesh v lamb feeder $9 00 ft 9 23 lambs $8 25 SOI 1 H SAN FR4MISC0 U Dec 800 (AP — Higs saahe reteipn bu k goud around steadv vv h Frilav tfud (hoice 1S5 ti 225 k ui butchet latter top pa king aow $6 75 ft to 85 $5 10 down steers c Cattle — Salable reteip teaHv five fur bids 10 j str g t 1140 pound me In n gt d fed Steen $9 50 n 9 90 latter t f about three load! tv 0 common steer loads lo $x 50 med on rn consists $9 00 9 about 100 aged me him range rows mmi !v $h 00 (f li )( Iafer and “5 Lir row slow largetv $n no down farkage 112 pound hulls $( vO 50 Calves salable ierji good tel $10 n ir rhoue vealers d 1 50 Uer 293 po 9 it a bo one theep ’salahie re Kled weuhiv lamb thi Is tion hint Colorado i oihors gg h 5 5 f 7 00 tan f unu Hip Co no earif jaaa h Lhei 1 work h'Bher ’Sher aid 5 bulls 1 w toled sored on pound $9ji wonled 9 10 j er ie t de k (v m mo deck sh n pound C i iforn a "n pot id a id nn dmm pe te Oregi $8 75 wo de ewe abetit gyid te cho 4 in ft 30 $ quoted 8T JOSEPH Mil Her 14 8pecia! uuloal 1500 re e j Salable Sheep-same nalive lamb wesk to 25 ce t" two load katsas whea field Jatip lower Unsold under Inver b Is vearlinga a'eadv ra to weak sheep sJrre unchanged he tive lambs mxtlv $s2i50 Hrk pound New Mexin vearlng $4 $"85 00 Chou 9 2 pound wether aged slaughter ewe quotable ta $4 33 Fc Fu enbei held pie B H Gi berg hospi was! Mr dent 30 Companies Investing NFW YORK yi lor 16 D( 1 was Inc Associating of Recur lies Dealers Ake6 3 2 3 50 90 95 0 09 —4 iO years A his li Salt Lake Curb He the Poca --Su Hatt 2i 1 6 40 STOCKS Salt son I Asked Bank Clearings Bank Announce Dividend of a dividend PROVO — o of 6 per cent to stockholdersbanK the Farmers and Merchants of Provo was announced Monday bv Alex Hedquist prld Chocks were in the mail Monday ear s oc La-night he said dividend w J a received holders -- ! per cent CONTINENTAL AGENCY COMPANY - Bide 44383 PHIL J riRCFLL t bert Rlchi Lake wA Con't tcinl Wr 2 rtcilv fcloc t bt tik ft N p Wmu fctra vtga (on den ffcatfl d:i1 pecif Helpful Booklet will aid individuals corporations above the f to the bid v Pietio- and In fifptfinj Ua Federal Income filly Laiiv Xh Taxes llc MINNEAPOLIS Der — 16 taPt— Ftotif ftilures Carload -lots per barrel in 98 k poundV M intlav' M one! bsm(l fiaienlx— nn sxtk rresto eef4ec4-etfxiow busiuesx dn- - tfnmexTirTxTn ft 5 79 aiandard patents 10c lower raw wool 122 0 I $4 30 ft 4 V) December centers I 1 h Mar 11 6 bid Mav 103 3 bid 1 4 575 Shipment 1 Pura bran $21 50 0 22 XX bpots tope 120 0 bid to dV5 ar0a fn v 21 23 D —But t er 466 pound than 9J 73c & an 4 511 20 “onif hill fed $S 50 o 10 5ii 8 iti jourc iiatio 19 klllnVYlu teer ter steers veirlit d he at x k fai e utieveniv active i) xc hich biilis 15 u J h hiLhei i! es and es tullv steals ((hIim and feeders a st rong two load of t d feu ie w aei Th r 'WM 5 w 4 J 5 not hu t V e" ln"APL'nV" KANSAS f ITI l)e - valdble inimo toi a 10 Ufc (Hlve'A salable loon Ml a 00 beef with i 7 fry" Ali ktioi tent large 011 ferl Mr-i- r iv 7 train Inter A NAME YOU CAN TRUST Flour ' IB Sheep— ftalable i'‘dvdoK r "'I1 vealen 2700 Nothin d teadv opened atl ome held higherJ tr 5 50 0 r f 'imnnca h ihr nff ER I! CJJ “ee on m nh Salable JS Salable 20(1 ’o'" I0e 16 (APlWool lop to 2 lower higher limited fn radmg n Re eir l and 4 too 83r Dec finished 2 er practical! Sheep ®‘"Eh L n ''Von me‘ velop pout treat nVd'h’ feedea Btecri s- - so s mon ielfm Sfi so a t cows T bulk SS7Si fi Vctte order Sfi 7 S4 7S Uvi depai uddi t001 fcTowd'flt Unlisted Industrials Siurar Market YQRK kii u 70r"o--f- t la IUsni 16 814 (Two davs receipts) Creamery Higher steady some and medium marks J6fcl7c 92 score cash market 15tff36e 8ft to 91 score 34&35c 84 to 87 score 31 IH'' Dec join UK c!!n’1! throuEh 1950 noi the ( tnd ejrn 14 2 ( 5 33c NFW 4 7 Vo Cong life i J6c Wool Future ploy $9 00 down 17 50 Sheep— Re efpts through anil Jin dirr ‘mm 1!“?' s' mh oil at S7 no o 7' 511 50m:ruck 233-22- 2525c 67c 29e ltd !" 5 7 -- Bid $ 3 25 $ 3 40 nominal 79ift(ei81c No 2 red (&33c 21 50 23 00 Cheese — (Two days’ receipts) c 81 3 nominal No 233 OJ4 7914820 Home Fire Int 12ft 00 135 00 fttate whole milk flats Utah Close December 783fte May 7?Vic pounds firm Utah Oil Refining 10 55 held 1939 25fl23c limes 1940 21 Ju y 72 S c Mountain Fuel Supply 6 00 n — Ri eceiDts 67 ears unchanged to it 22c current makes 19®20c Utah Southern Oil 40 c loer No Z white nominal 57 (a Fggs — (Two days' receipts) 20759 3 5 59e No No 2 caes steady nominal (a 58c vellow 56 c No 1 55H4i55Vc No Pacific coast whites Jumbo and pre2 mixed miums lift 11 o specials 29Vfe47 30 57c No 3 55Mi55Vc Close standards 28S)26(' December 56c Ma mediums 55Vftc 27Mt Julv 56c 28c pullets Refrigerator two oats — Receipts cars specials 27® 28c lower No v 2 white 35 nominal No 3 nominal 35 CHICAGO Dec ( AP)— BiiHer- 16 (3 16c 4var4-whe4 IntReceinta 486 002 wmmlir slhadv7 CTeam Nol hAidHiud jdwk o cents over May S L No 2 hard and dark erv 91 score 16ft36V(‘ 92 score 2 hard to 3 tents over No I ied 91 rre 15e 90 spre 15c 89 snore wheat 4 to 5 cent over $ 3 011 319 00 No 2 red 2 88 score 34 90 centralized Saturday's bank deblta ftame dav vear ago to 4 cents over No 2 white corn 2 to 3 carlots 3 900 620 00 15c Week’s bank debit cents over — Reoelpta No 2 vel ow corn I to 19 15649500 4740 steadv Fugs Fresh ftame cents over No 2 mixed corn 1 ta 1 vear week ago extra firsts 27r firsts 26c curgraded cent' over bank clearing’ rent receipts 24 dirties 21c fresh Mondays Same day ear ago checks 20c refrigerator checks l7-- c extraa 23c refrigerator refrigerator Minneapolis 22 c atanaarda government graded MIN NF A POLI8 Df 16 AP) Wheat eggs U S extraa 38c and I9l down — Receip Mondav 76 cars comtmred 2 cnts with 176 a vear ago Futures Peoem 20 Poultryheavvlive— Receipts one car her R2c Mav 814f81ftc TuK 80c NFW YDRK Actlvs Dec 16 fnitks fAP)— springs and geese firmer Cuban hedge selling dominated domestic Basis 1 un- small spring Trading basis unchanged and broilers easier hens der 3 aver Minneapolis Mav in 2c over 5 lbs 15c 5 lbs and under 12V£e sugar futures Mondav Trade Quotation support 1 lower No heavv northern recovered Cah Leghorn hens 10c broilers 2 Iba end creased meanwhile and prices 64 c dark northern No half of their maximum Nit down colored 16c Plvmouth Rock Ific loss to range 1 2 82 c No 3 Protein White Rh k 16c” p7mg point lower in late afternoon 4 lbs and up Marrh trad1 5 14 13 1c 80$iR1ir K 2c 16 ed at 1 96c and 'Julv 2 05c premium colored 16c Plvmouth Rock 17c White 4 Fane No 1 hard Montana Rock 17c under 4 lb Demand for world futurea was limited J14 17 1 Nc colored cent per protein R6r grade of Plvmouth Rock J6c White Rock 1 c and prices declined 2 to 2 points nn 83 c Minnesota South Dakota No J dark roosters lOo hedging and liquidation March Bold at Leghorn rooitera hard winter 8rtHiSiio 4 hard amber duck lha and up colored and No 1 7 4 477 durum Nn whits awb were qureTTiuT “offered In moder lc amali ate volume at 2 95 cents ordinary 2 to 6 cents white lie geese 12 iba and down more medium 7 more choice over 12 lbs Refined locally continued at 4 40 cent 12cT turkeys toms 12 to 24 cent more old 12c young over 18 lb 14c 18 No 1 red durum 7mc? iba and down 15c: hens 17c Corns No 3 yellow 51HI54Tftcun-i- 7 lbs and up 2lc under 7 Iba capoifl 19c Basis 2 Trilling la1 unchanged Ups 17c May quotations tJXepMinenapolla LOS ANGELFS Dec Jfi APiProduca exchange receipts 86 000 pounds Butter thecae none Winnipeg ere 600 rases Dec 18 CAP)— Wheat closed Winnipeg Butter 92 score 35c 91 score 34c: Close 90 score 34c 89 score 32 c low High Established 191- 1Dec 7 1 7 7 1 Weatem cheese triplet daisies 17c longMsv 77 77 77 horns 17 c loafs 18c INSURANCE Julv OF ALL 79 79 79 Eggs candled clean extras 31c do OAh wheat No l northern No large standards 29f do medium extras 2 71c No 3 oats No 2 white 27 c i do medium atandards 26c KINDS do 12 4c No 3 small extraa 26 e Note Butter kev 92 extras 91 89- - Greta prime firsts 90 standards r — 0 NFW Dee L 0 Her Produce Market 5 2 1 88'ftC garhekv 79c 4 mixed Ni 1 vclltw Nt N ? wheat (APCah No hard 89ft ROLftr 59 i 'n hi i 5ft 6 L whlLfi samp e grade 52c H 4 4 5 5 5 5 3 87 5 95 7 5 v 46'V 5 50 5 t 2 4 4 N 4 2 5 12 5 10 5 60 5 7" ( 11 25 Cash Quotations Dec 56 lft lb ft-- lie VII S 6 6 57 a I03ft Lft 31 2 Mr! 84 4 12 4 16 Dftl 25 40 60 77 a W"a e ard Jan fas Utah Metal 1 85 8o l 4 42 ft Der trk rtbwfTTWe 20045 “’14571 18 8 587 59 U o9 i 15 Metals and Money kiKcr 7 5ft 587 - Q Rift 3 591ft n Potato Market ) Western Loan 1 Bldg FstahlUheA 1 t 5ft f K Following 4 to OH Min Humble Oil Int Petr He im I sres Mi int Ct ( op I 78 r AP i High Low Close 50 155 1J5 155 do pf Colts P Firearms lum G A F if Com A ftou war FI Bon A Share do b pf do 5 pf F unit Corp Fori Motor Can A F ord M )tor I td J ri 16 iu - 29i 2 291 21 2 1 Z 1 7 -- I Dec ft & 520 i High heat Ii tg fth M B 5 Pft Nil isslng Minea 3 1 lib D Pennroad -- '4 2' P t Central Alrl v 1 17 21 Jr Wriglcv —5 — i Phoenix Sec 9 6ft H Yet TrACo 12 T5 Vle ted lndui 5 1b 22 5 1b 16 sterwm Williams ’iig SAW 50 75 75 75 13 11 Yngst SAT II SO 106 ir 105 ftmger Mfg lOtokft — — Mr Technicolor 3 9 9L 9ift) -- 15 eni h Raj 5 151—45 - A I ntted Gas S 17 15 16 Zonfte Pr 20 2 A 2' S Ih ' 7 lh 2' p " 5 th I 1 Idaho Sugar 2 li Total sale M ntdav bo9 870 previous ’ tTh tab P A I I 25 7 7 Lft 77 77l -vear Mrlcht Hare pf j5 4 V 4 5 4 V i IS 840 two vear ago 1 104 K40 to date 197 19 728 vear ago January DOM F STIC BONDS wo vears ag 254 818 111 24 9S2 837 (Sales m $1000) Am PAL 6a 2016 24 104 I 104 104 ft serv 1 Cities 5s 6to 87' 87 U 87 12 91 ('on GAE 5 58 A 91 '911- L an 20 tO tLEf 7 1 K7! 106 Hfvi F)A-HO' FArl LR fdAho Dee 1A f A Pi Itt P A L 5 5b 0 2 106 106 USDA i — Upper vallev Car oada f F ev 6 28 87 lft 86 87 on tfehvered a ea N F ntal(AF: 5 50 haed point shipping 64 7 10 64L 64 ese atl tra iorta mi fhargta Ruseta 7 97 55 97 97 PALS U 8 No so per ce it aid better 10 Par Pro GI AC la SIB 6 104 101 104 ounce aid larger 2 inch minimum wahe( PuS 49 PAL 25 101 101 lft 101 5' U 8 in 10 pound a k TftfpSbtftC lo 4 1 a 50 Di 21 99 99 09 Ni 1 an A per cwt 99ci$l 04 U S F I O 6 5 2025A 11 O L 110 No 2 44c Cirloa ix f n n caah trak ! t PA to PiS A 1 2022 104 10 IT U to dealers in 8 No m t v U New Ruet n 6 44 5 58 58 t 58 a 70o7oc ottainal car unwashed In 10 pop ( sacl A lower 9Yp97c Total stork sales Mondav N U S 204 000 2 a Uc practically no cut few lo griwer bulk per shares vear ago" 157 260 52!c Cah Total bond I cwt 8 I Ni 40 j 53r sales Rue Mondav vear 000 000 $1 ago mostly 45 n 55c U 8 N i 2 a f?w 5 if VI ' 173 000 10c ftome retained HI RI F Y Carina is f TWIN F Al I to points baed on delivexei sales all trausportati m charge leasshipping Rimer U s No cJ 72('i79c an octagonal car U No 2 quaiitv wahed higher fyie x few 40c direct to 44c through brokers Settlement prices at I tan smelters as h cash m dea er Carloads f hv the American ftmcltiig and Russe 9 U 8 No 1 mosHv b7 V ?7V reported LeafLJL5fk company are Refining U 8 Nfti -- 3in n ttr pcrariid" coi per uathodei ftfd 11 toSSca pound to 15c Cash bulk growers per asking cwL Rnssets U 8 No-- i mostly 40 tf NFW YORK Dev 16 AP) — Bar silver U S No 3 5T10c 45o 34 uichauged CHICAGO Dec 16 (APUSDA) — Pota I ON DON Dec 16 (API— Bar silver on track 163 toes —Arrivals 150 toal 23d up L (Fnunalent 4171 cents) U 8 shipments Saturdav 6 13 Sunday lbSs gold Uiiehanged(lqimaleHt 188 supplies liberal demand fair market aleadv 4&r best aKk Id sin Rfiaset hxchange $4 03 U S No 1 $150 (p 57 ft Colo1 1 rado red M'Clures U 8 No 5(V NF-YORK Dec 16 R AP— Conner Nebraska bliss triumphs I Nj 1 eletlrolvtic spot Conueti(ut Val$1 75j 1 80 Minnesota and North Da steadv iev 12 00c New Yolk U 8 export kola cobbler 85 per ent or mre 11 50c No 1 $1 00 'a l 10 Ohtos 80 per Tin steadv spot and near bv 50 05c cent U 9 No l VI early 00 bliss triumphs 0 10c 85 per cent or more U 8 No 1 $1 00 forward lead steadv spot New York 5 50 ft 'a LJO 5 55c Fast Rf louts 5 15c Zinc steadx Lat St Ijtiis pof and forward 7 23c Pig iron quiff No 2 f o b eastern 001 2 I (10c Buffalo BOTOV Tc (API Fnlloinir are 19 the sates huh low and rjnsinc price nf Alabama ummunu— virgltu- - 09 7 —— sto ks tradedMon9a nn thg jtotftn--etoek-- i A flm'rnn iese pot 'i4 50C ('hi "xo)iangr R VV I t t Range of Chicago Futures Carrier Corp Cities vervue pf Pa IV 1ft s 'c ork curb exchange Hes la Iftis twoeaiago nt 9 o 7 utf 527 ft 9fi 300 3h0 1 vear 0 RTOCKft (Rates lu hundreds) ft' ft ft9 aM H19ffthftl97i Alum Co Am m City P A L B Am (van H Am Sutler Povvet Bell Aircraft Brill B Rubber ftftR A d rf tidar mm ear Sales V tt G I in D S G fl D S Mh Al U 8 R A 1 US 21 a i Curb Prices Fo C I 8 016 600 ngv Open 3 I week V'ftitTOO I- Wheat fuprues dropped almost £ tents a Ma bushel Monday and Jul contracts the latter represent ug the new 3941 crop tout hmg the lowest level since November 7 December wheat in which trading will cease Saturday was the lowest since November 27 blamed selling largely tn Pit broker the favorable domestic rop situation te at some of increased marketing port points continued dull mill and flour trade an the lower trend of st unties Wheat dosed at 7 or near the sessions low cents lower than point 1 i 'o 1 M tv av 87 December ftoRTUi ftatnn ft I v 4i ft I c Jnl 7ft 7 'h 78 i c' Corn as i to down Deiember 57 8 fn 5ft i c 9 r Mn 39G fets unchanged off ivbenns it 4'ltr down rve to 7c lower and lard 5 to 1 Ic lower p Editor’s note: Thisis No 215 in a series of articles on the mining industry and those who run it By the Shift Boss through 87 for markeT ‘nclud1 A comparatively short time ago (1939) the United States toirong to 10c hLhViketit1 499 dir rnvL “I inn 21Lp3u"d " bureau of mines recognized the growing importance of second- &L'° i to $4 so llht o up to $5 no ary metals by establishing special division of itseconomics Csttlt Receipt and statistic branch to study and compile accurate informa- - si£wuguo eo d'T mark'1 ”ka eold tion on this phase of our metal industry and newly released medium to guodTeifrft r0uLht mon 800 16 50 cow lyiid' 15 figures contain some interesting information ca11r Rood vealera offred 50 1 1 ture F Market Quotations i ' I ' U11 I 1 lb Tra tianir T A V TriC t ( rp tin Gen B'lkjng Gen Bronze Gen Cable Ho pf Gen F lec Gen Foods Gen Mills si Pa Thp Tdxur ft Ho r f 160 7 1ft 3 'fir n6 si rp ( Trx -- Jft 12' 2H 12 ( 3 p -- 153 78 2H Tt x - 14 Fairbanks red M A F z Mine storks put up little resistance Monday on the Salt Lake stock exchange against the recent downward trend due principally to unloading for income tax purposes Transactions totaled about 14300 shares in quiet trading Moscow at 1 cents was up cent from its year low New Park and Silver King Western were steady but the rest of the active issues were weaker New Park sold at 33 cents and Silver King at 40 cents ’linlic Standard remained at its eight-yea- r low $2 JO and Horn Silver was unchanged at 15 cents lowest in months Walker eased off again to 79 cents off lcent despite the fact that false rumois of a change for the worse at the mine and a possible shutdown were spiked Silver King Coalition at $5 10 was off $1 15 from the last previous sale several weeks ago Rico Argentine at 121 cents was off 'j cent An odd lot of Eureka Bullion at 20 conts-wa- s off 1 cent Bristol Silver at 4 cents was off ’ Cent and Colorado Consolidated at I1 cents was off cent 1 U j F'ORMGN bonds 8 4 os In $10001 7 J8 1014 163 1 (j H 5 I ‘A 04 S 1018u 104& 101 104H 104 Vs Ift7 194 ' I 17 Is 6 f D VVpsi iU M 105 64 Ore N iu I” 5 9 Specializing in Utah Power Light Pfd i 52 lobk t 6 17 8t Pa n h S3 FaMniftn K F aton M f g F Auto I t McG-Hi- l! I U I a New life insurance written in the first 11 months this year was Macv R H one-ha- lf of 1 per cent under Jhe Mag ConFid Martin G L amount written in the like pe- Marh riod last year the Association of McCrorv pf j P1 Life Insurance Presidents report- Mclntvre C6' Mettgel ed Monday do 5 p p M 1 ft! lb 1 ah PA West P Rlw St Dome Seg Min Doug Aire Du Pont —F— Iorillard Loui A N — M- -Mack Trk C Sou 12 i ' 2 f I 101 Cp Sperrj st Brnd S GAF$4pf Oil f 7b to 12 2 I3 4 14 I 4 51 9 2 h 17 K1 d6 n tATr DM 99 Jfc 9“ t 101 I 2ft 105 101 (61 W The nation's stel mills will boost Kef—Hk- -iW A let ot t output to 96 8 per cent of ca- Ken Krege-- S 9 pacity this week from 96 per cent Krog Groti last Week the Ameiican Iron and Lh V R R Steel Institute said Monday The Lem Strs OF Gl advance recovered almost all of II lbtbMf M B the ground lost last week when Lig A NAl Carh operations were reduced from 96 9 Lid Lxkh Aire s Inc per cent highest production fig- Ievv Inc ' ure on record A month agd out- IOft f one ft C R t W oose 90’ 6 96 a was vear and ago put P Z Vat So ( al F So Paoifi 4 M3 06 l Deere A Co Del A Hud The Salt Lake region enjoyed trade volume m October Slightly higher than in September and 2 1 lit T AT D St re per cent above October 1939 Dun Int & Bradstreet reported Monday Tea lewei ' Fount 7 1 70 Ch M B h Ci! ha 61 1 ft f I! n '4 1 m 4 IK4V 44 1K78 S 1H78 IHI4I 1H f 44! 151 ll 15 151 9 9 9 106 lOrtbj IS 105 db "O ’a Ph dill O ftt II Uti t'l I Ren ftfe do r pf pf A R C A Br Re Hi h 62 2 ia4 ' 3 hi 4 P4I d m Ho ( G ft 8 I! Hi-- 7 4 n O i 11 (&F Pa RR 4 FJa I do V i iJ IS 1 'j — K— R 12' Con Cap (’on OH D C rn Prod do rf Cotv Inc Crane o Cr of Wli John 2 1 rlo R n I Pei ft eel fa 116 Colton Market ir M 011 j 411 k 5b Phil FI O78 h7 P rt G F 4 s 60 5J Rep s pp 51 i OAF U I I'' I) 2 T Col Cnrhnn Tom Grcfllt (’em ftnl K Pm ( ered F m Mn bs ( f P A I ( F’lu F’hil J L pf M F’he p P P d F Good rub 44 56 Gt N r I 4b (t III Cen 4 66 JAI st 4U9 bl I oew s 3 1b M 5 Pa 77 F t 75 gen M it P P4i bb s ( 1 Nat Meel N 5 C rf 5s 201 I A do 4 j 20 d Hi Pd ( 2047 4 d 97 O W RF AN is bl Pe inev J P Pa D ('em Pen RK ' -- 2 P If C v r f ( di -- m Gl Pa GAF Pn( k M P 4 Airw3s Pa rn Pu -- i III Ow -- 1 pup i ft site! Oil H i isti i Oi! Livestock j 16-!- Jto sur-ies- 1 Secondary Metal Industry Holds Important Place NEW YORK Dec 16 UP) — The bond market absorbed some of the pessimism evident in other financial quarters Monday and active issues yielded fractions to a point Offerings were never in large volume however and in numerous cases buyers were attracted in sufficient number to bring modest recovery before the close A few foreign dollar loans mostly South Americans held above water all BONDS U S GOVERNMENT (Dollars and Thirty seconds) (Sales in $10001 members Hvgle A Co A 27'0J7fi2 ‘4 5 Mfe NEW YORK Dec (AP)— Following are Monday’ high low ®nd closing price of bond on the New York atockexchang and the total sale of each bond York stork exchange) I (’lose (iw High 1 12 2ft 1 W 74 1 II 07 off in it dust 27 off 85 20 rails 19 9J off 19 HI 15 ulUlties 20 10 01 01 40 bond up 06 11 commodities 55 91 up 06 10 25 In tut Rails 1 00 142 50 1010 high 21 65 iw no 4 10 10 10 0 high 02 20 40 12 14 10 0 low 12144 J Ary Wf bv New 227 4 s 1 Averages Hundreds In (Sales Hints of Hidden Emergency Principal Factor Bonds Yield Ground in Mild Selloff Stock Exchange Quotations IV Y Reverse Hits Industrial List Hardest Pm o Contains explanation new law as it relatessecurity transactionsother helpful infqjmation Compliment at y available upon copies request ' sfia 1S3 So it STO If' BIS Boston tnfl Vy Mim Th tletet ium of other Th Jtero Re Wma Jtadi ifan MFMsra - jhoni hei 'bed MW fOM toiy Th Audi J A HOGLE1915&C0 - Th Unt CWIA®1-- U fi OUlHt wlrl Phnne ing 4an $lei f’ V- - -- St UilK |