Show I -'t t - r - -- -- t Friday Morning -i ' Stock Trade IN Stock Reacts to Aerial Raids' - 'Y-Stoc- t Prices d I ill-ánwIng STOCKS in Hundreds) (gal Hientl Low -- —A— Action by'RAF Puts Japs In Background : Am Can Ir Am C & Am &P Am Loco Am Metal Am 11- & 14 Arnn&St Ant Eli M Am S Ili RI Ara St Fdri Am T & TI Am Tob RI Am W Wks Am ZL&8 - NEW YORK June 4 aerial blasts at Germany More than offset the Japanese bombing 'of Dutch Harbor as a & ocessional profit selling however Bait do pt and final prices' were under the Brnsdll 011 Avi best in many cases Rails steels' 1Bendx Beth Steel oils coppers and aircrafts failed Biw Knx Boe to do much although the BordenAirp Co displayed belattd resist- Brg Wror 0 1' - - - - ' 6121 arket ' - et ' ' vestock 1 lugDA)--Cattle---Rec- :2" Coium G1kE Corn Credit COO2 Inv Tr Corn Mole Comw & 8 181 Come Edis Con - Aircr 11 Con (op 11 12 oon 111 Con 2 Container 4 ConBak Cont-Ca- n 14f Cont Mot 12 Cont Oil D 22 Corn Prod 4i 21 ColY Inc" 6 Crane C- oCrown Crk " 2 Crown "Zell 7 5 Crucible Sti 30 Pug Curtiss-27 D--Deere I- Co 12 Del & Mud 2 Del L & W 1 21Z 7-- 2836 314 20 49 2 11 18 26 33 134 2 212 261 314 20 4n IIVPB Oraeis 1 3- lit :14 1 Eng --Pub 8 2i 10 FlIntkotir 6 -- 6-52 N146 Gen Elec C(en Foods 111 Gen ' M otors 21 10 Gen T & R Gil II Raz gi 3 11 '4 (urn Bros Good 18118 191 16 Good T&R' GINFle Pt 141 201 41 11 Corp Grey --1 5 Heck Prod 121 3312 Nome M 11 9 liond 11 B Houston 0 1 4f4 2 -1 issued 3L H-- ' Cent - 't-- - L-26- -C - as strategic war' materials effecttive July 2 by revising order 3 - M-6- LOplen Iiousing - Projects Get Aid Seventeen hundred housing units n the Salt n war iniustry area have been given relief rom restrictions on lumber delivries contained in W PB order 121 the war production board nnounced Thursday Ralph E Bristol district priori-'e- s manager explained that after liorough investigation by the l housigg administration and N SVPB lumber and lumber roducts branch these war housg projects were selected asthe tries in Utah whose completion ere moat urgently needed in the Lake-Ogde- -- H na-ona- - ar effort - Gran Jima 4 011 icago - - 1 SAat:9 to1 ace of Chicago Futures '141CAGO June 4 't Wheat— Orri v -- ore— 1 v:- t - 22lIt oi54 tal: 'Low 4HVo 4244 ma ots SR 1119tIL 91 –lard— a OOOOOO - OOOOOO ''' i n- '864ii 8914 9114 9014 1235' 1245! J 1250 1270 ilf '' - - Melle- 1 120 T CX tli:il r4 MOM C i 6n I 5010c higher at $1365- - 12 5' 3351i le 44 - 1 91g 9141-512 44 112 812 2i 6 Mt 311 2734 27 27121- 28 9121I 8 I 01- -— Ia 11 50 1 50 50' 281- - 3 3 2 - 141 1 57 4' 2612 '27 10 191t 28 28 19 56 51 64121 63121 63121 16121 15141 164X1 an 141 38- 91 30141 29 '31 91 521 '13 - - Nsell Kel Nat cme Nat Avis Net biect Nat C k(egI Nat Dy Pr Distil 'Nat N at Lead Nat P&L 1 Nat 'Steel Net Suply in Neicpt N Y 0 RRI N Y Ship NoAm Av No Am Co Pas Noh -- - 4 " 31 21 11 491 11 71 671 1 811 I Ohio Oil Owens 161 241 1 141-48- 12 - I 18118 111 11 13113 30 31I 6 5 20 13 13 6 3i 6s 14 14 71 16 71-1414 '14 20 20 21 13 13 1 -- 7t 1 4514 4 IIit 71A1 - 7 81 01 47 6 e L Vs - am 13163414' 143414-s- 18 '' - i I7 - 20 10 550-poun- Shiep--1Sala- - 14vr 11 451 4 lis 21 as d at 34 Ils : Vs 21 are ittd 6 6 -- 14 13121 3111:41!1 lls - 6541 1 ' 5 144 44 aft 434 ?Vs 7 20 10 72 20 10 Ai: 301 9411 181 111 121' 1 Ca --14- — 41121-41- 2: 1 9 1 19 27A1 2 1 9 I 9 44 41 6: 1 I 3k 251 191L 251 1 411 a 37121 aa 19- - 34 4: I 81 471 6114 with-weig- ii41 Pee 4361C 10 11111frals lit 1011 2 I Pack Mot as pa n A M Al 13 17 18 39t Paa Pic 141 141 11tas' 187111 18341 18711 Patino IPA 29t 141 M1 66 Ii Penney Penn R RI 311 6011 651 1941 197s - 12 111 121 23 I 231A 'Phelps Die 21 71 2 70121 71 Philip Mort 141 35 1 341 35 'Phillip& P-: Proc Gal 201 451 45 10 11 Pub have N11 151 101 Pullman Vs 22 22 I 71 221 7 I 7 Puts Oil kik Puritv 4' 10 10 -- R-- I 11- C A Itil 3 1651 314 241 51 8 14 Rayon In 81 1113 Rem Rod ait ' 8 I 14 111 14141 14 i- tIA Repub St 211 1 1 1 1 91 1 11 - 1 241l lisfeway Schelde' D Sears Roeb Serve! In c 1 Shell Union SiMM04111 Socony-- 1 South South Sperry 111 3414 Jul 34 651 55 7 11 1 1 1114 5 14 7 27 19' 107s 61 12 2: 24 81 3 12 :491 314 191 20 lor 22 39 35 4 13' 31 4 10: 23 641 33 29 341 81 81 81 24 24 331s 331A att - 'Vs 14 14114 34 5314 04 lkir 7 I 11 - 11 13 6711 3u 7 1O1 10 12 24 12a 3 34 3 3 19 20 22 22 34744 '35 4 as : 4 I4 4 4 41i 22 22 33 14 2914 11 R144 a ' 114 ' 25 26 14' 31 Aii 36 35 1! 41 414 414 ' 914 1A 11 14 914 I 210 10 34 10 8 14 2' 8 I 8 2 64 241 6585 66341 6614 86 10 10 251 25 11 2374 25L4 2 6 13" 131 34 6 54 81 62 1 52 50 211 3 3 llatil 51 47 46 46 11 28 26 26 44 113 341 18 18 16 661 4514 46 46141 751 5 31A 23 4' 20 25441 1 15 I 8' 15 15 72 I 72414: 1 1:4 - 101 81 21 21 41 13 13 I 114 4 ' 91 4 15111 26 27 - I 21 15 'IA 15 I 91 4 111A )15 2914-- 1 14' 30 221 114 ! 1210 'ait 71 Ky Spiegel Inc Std Brands Std 011 Call Std Oil Ind! Std 011 Nil Stone & Studebaker swift Itg Col t —T- -4 Touts Co t Tex Milt SI Tide W Air Tint D AxtTins Roll B Trensam Tr&W Air 'rwent CFO 7 Film Union Bag tin Carbide Union Pee - 1 - 81 261 AO 331 —I— 1111 :- 41o41! teatimmtal Bank Sklit- 1 1 - 4 ANC! OCO (AP)----Butter- - ' 1 191-11- y 6110-tlf"- A S L Stock 3 31 35 vs 22 35 34 32 32 t f 4 THURSDAY'S 9UOTATION8 Bid 4 Asked 01 Alta Tunnel 0012 Am Met M Co 3 01 Beaver Gold Cop 4114 09 Hill Big 03 Bingham Metalss 01 Black Metals Bonanza Mining 09 07 Bristol Sileat 00 0014 Bullion 404410 03 01 Cardiff 03 -- 0014 Cedar Tails 01 00 Central Standard 18 17 Chief Con 17 1514 Clayton Silver 01 00 Colorado Con Colb Regal! 0014 Oil 09 Combined Wall 0714 01114 Comet Coal t Commonwith Lsad 0014 11 Crescent Eagle 02 00 - : Croft 01 01 Crown Point 02111 05 Dragon E Crown Point 01 Standard Etat 07 0111 E Tin Coal 0014 Fast Utah 02 Mines 03 Empire 14 - 00 Eureka Bullion 18 Eureka Lilly Con 144 01 Mines Eureka 07 09 Eureka Standard 00 03 Gold Chain 0014 Great Western 07 Horn Silver 05 0341 Rowan 01 e Indian QUetti 00 02 Kennebec lkentucky-Uta- b 04 0012 13 01 Keystone Leonora e 00 01 Little May 02 00 Magnolia Lead 25 35 Mammoth 0201 Miller Hill 02 0014 Miners Gold 02 Missouri Monarch 0014 Moscow 00 Mt City Copper 130 150 01 Mountain View 07 14 Naildriver 27 New Park 26 01 New Premier 01 New Quincy 38 36 North Lily 01 No Standard 0514 05 Ohio Copper 04 0214 Park Bingham ' con 0444 Park City 01 Park Konold 02 0014 Park Nelson 02 01 Park Premier 2 20 140Park Utah 00 02 Plocha Bristol 08 02 Plumbic Mined 01 08 Phan' Con 2 18 42 45 Rice Argentine 01 Coain Royston 2 60 Silver Ming Coat 220 1811 19 Silver King West 0 0011 Silver shield Silver Standard : Sioux Mines 0114 11154 So Iron BlosaoM - t0014 - 03 004Standard'4l l 0014 Swanaea Con 0 014 0014 Tar Baby 0014 Tintic Central 0024 0034 OS 07 Tintic LeadTintic Standard 50 1591s Union Chief 03 0034 Utah Con 0014 004 Ut Wyo Con pil 03 06 02 Victor Con 04 Walker Mining 2014 la West Toledo 0014 Wilbert 004 Con 01 Ynks Zuma 01 0114 2 45 Ut Id Aug oom- 235 do phi 85 101214 THURSDAY SALES Crescent Eagle Oil 1000 at 12c: 500 at 12c 2000 at 12c 500 at 12c 500 at 12c Eureka Bullion 10 at 14e Boste11 100 at 4eNorth- Lily 300 at 315c 200 at 36c P C Consolidated 1000 at diVec: 500 at 4 titel 1000 at atio 100 at etke Rico Argentine 100 at 45e Walker 500 at 20e 500 at 20e Vtah-Idab- o Sugar common 500 at $240 1000 at 2240: 500 at $240 500 at $240 CURB SALES (12-- 2 P le) New Park 2000 at 2014c Ohio Copper 2000 at 514e Park City Conacindated:12000 at dlio 591 at 434e 1000 at Sc Tintle Standard 200 at St50 S" - “t -- 4 - - " - 1 Bidding Lifts Park City 2:ori Two issues revived trading in the Salt take 'itockiu exchange - 1-- Bid 7 2 63 40 43 43 & Matt Con WagSugplet Tina Clay lit Lit P L S4 Amalg pt4 do $I ptd ZCIWI 20 no no 5n 95 44 PO ' 45 00 Bid I Amity 1 Suger 'ain't Fuel MountainSeeurity $ COM Corp Supply 380 400 525 780 151 00 3 22 00 i - 475 allteb Oil Refit ing 750 Utah Rome Fire Ins 14700 BONDS Bomberger RR 1 Asked a 22 85 ' 6200 6400 I 6E6-divide- LBank S Clearings bank debit Wednesday's Remo day last year s clearings Tnuraday Ramo day last year 53'703270 00 00 3087227 2 889 116 96 267651141 Mine timbers poles posts and split stock are subject to the gènd eral maximum price regulation the Salt Lake 0 P A office was advised Thursday Post lion of the Treaiury potawAsinNGTorq Yon 4 (AP)---Th- e tion of tho treasury June 2: Receipts 62364924701 Expenditures 915233553006 Nit balance 6262093991169 Working balance Included $1858530- 20820 Customs receipts for month $15711 t 10029 Receipts fiscal year (July 1) S10333 09359098 'Expenditures fiscal year $28222985 07895 EXCell of expenditures S178(19891- - - 48597 Totardebt increase 639 09 S7431296138333 over previous day Gold &beets $21094- - S2271472853879 NEW YORK June 4—The Associated Preen weighted wholeasie price index at 35 commodities Thursday advenced le 0807 Previous 9747: week ago 9896 month Ago day ago P530 9965: year 33-3- 9 1941 1940 1942 Wish 9972 9614 9512 7a25 Low 7703 9554 4104 688g 41920 average Squall! 2004 - ' - 1 ed gives it no- valueDid you know that the people of the United States paid in fed- eral state and lociel taxes last year the neat total of 418642000000 which represents 197 per cent of the natonal income for the year and was an average payment of 413926 for every man woman and child in the country? NEW 'Y'Oftl-- June bond Market made further small recovery route progress along the Thursday Ra Vs utilities and foreign issues were leaders on the modest Following approval by regional upturn vrith gains mostly in frac- civilian officials in San tions having an edge over issues Franciscodefense the Utah officials was council of defense of announced unchanged'or lower TradingWedof on with about that apar that a test of all air nesday at $67420001 par value Thursday in Salt Lake City will raid sirens compared with $8781300 conducted June 12 at noon Bond brokers expressed the beLawrence A Johnson secretary opinion that the heavy selling in of the council received authorizarails which sent the group down tion for the test from Thomas to new 1942 bottomawas drying assistant regional direcup fast and the market had a Coakley office of civilian defense of tor the which good technical positioni from to rally Surveys by several large In San Francisco houses confirmed earlier reports that much of the liquidation of carrier securities had been done by institutional investors in the Kalil Sirens Get 114 Test June 12 ' Mine Wage Parley Takes Recess portfolios to process of adjusting war economy and the stepped-u- p treasury financing programs in Holding- positions well up front Thursday were among others- Baltimore & Ohio 43 at 5734 Sante Ire Short Line 4s at 1124 Nev Haven 41As at 36 Co Illinois Central 433 at 42 lurnbia Gas & Electrit 58 at 843i and Southern Pacific Refunding 48 at 63 U S governments were only way on slightly changed eit er over the the stock exchange nd counter metal Negotiations between mina operators and representatives of district union No 2 InternationalInion of Mine Mill and Smelter Workers on the renewal of wage Contracts expiring June 30 were recessed Thursday until Monday 'at 10 a m in the capitol Eldred M Reyle member of the state industrial commission who is sitting- - in on the conferences said that both parties had business - matters to attend to necessitating the recess It is understood the union is asking pay increases uniform working conditions And vacations with pay Wool Futures NEW YORK June 4 nominal grease wool spot 985 Wool top futures closed 5 t9 8 of a cent highpr October 1236 bid: December 3241 bitt- March 1246 bid Certificated spot wool lops 1225 mom- inal - - - - - - - Two Students Billie Connors Miss Louise Score 100 Kay Miss Norma Mortensen Mies Ruth Hutchinson James Peterson Im Attendance and William Greenburg Robert Zang senior class ' - - - Mc- presi- m Two Salt Lake high school students each were regarded as "one out of a thousand" Thursday night when they received diplomas and were graduated 'with100 per cent 'records of attendance and punctuality Out of 1162 girls graduating throughout the city only a Gloria Ellison who South high school diploma had not been absent or tardysince bet ginning the first grade 11 Tear& ago Out of 1056 Salt Lake boys to Dean graduate only Shelledy compiled a perfect&chool punctuality and attendancemark West high school records indicate the youth was never tardy or ab sent since starting kindergarten- Gloria is the daughter of Mr' and Mrs William Ellison 822Case avenue peen is the son of Mr and Mrs A E Shelledy 634 Seventh East street ' -- - - ' Woman Gets $75 Fine On Larceny Charge A $75 fine had been Imposed Thursday on CoqueIla P Miller 37 of 3398 Ninth (900) East street after she admitted a petty larceny charge Wednesday In Salt Lake police court Police said the woman was ar- rested in a rest room at the Centre theater Broltdway and State While their parents and friend street where she had' gone to watched the graduates were pre- change into a suit she allegedly sented by DeVoe Woolfeprincipa) had taken from the Roe departof the school ment store at Broadway and State Dr James'!' Worlton assistant streets school's acsuperintendent of city ' cepted the class and told seniors of the rapid 'changes Four City Employes - - cormmencement - tr employment and social conditions' they can'expect to face Get Pay Boosts The speaker also listed a mimbet of the strikingly important Four Salt Lake City employes achievements in American de- received salary increases 'parrs niocracy and gave the students ad- day with approval of the city corn- vice on bow they could best serve mission their ' country now and after the The compensation of Amber war purification engineer in Knight Stanley Smith student body the water department was in- president and On of Mr and MrsL creased 440 a month to $250 and Heber D Smith of 1002 Crandall three parking Meter checkers Roy avenue told his associates "the Stockdale rnest L feet that we face problems makes and Anor W MargettsGreenhagen were inus no different from any other creased from $125 to 135 '0 Class that has left this hall" Month "They all met difficulties" the student leader said In explainthe S L ing the problems confronting ' Couple Lose Rings present class Mr Smith added: "We are all Americans in the free Small Banks to America we've always knówn" Presentation of the senior class The theft of seimral small gift was made by Stanley JoneS banks rings and other valuables son of Mr and 11rs J Porter from the home of Mr and Mrs Jones of 990 Fifth East street John M Rosander of! 859 Freclass president to Barbara Mor- mont avenue was being investirison junior OREM president grand- gated- by police Thursday Mr Rómander told police the daughter of Mr and Mrs W Watkins of 1218 Major street The thief toOk the items from was the not 'more than five feeta chest gift two speaker stands result of cooperation between all from the sleeping cduple away Two class members Mr Jones he weeks stole addedthieves ago ' $9 from a cupboard in the horns Receive Diplomas The stately and traditional procession march by graduates which began the exercises was paraphrased by the climax of the pro- Annie L S WA His gram which saw the graduates receive diplomas from George L Arc Annie Lavinia Summeee Wallip 30 of 1287 Alameda avenue died at her Crowther D E Hammond home Thursdav at 5:10 a In of thew matte heart disease Plurnhof and Mrs A R CurtisH kA daughter of Thomas V and Hannah Music for the program was fur- Thompson Summers she was born in Bothwell Pox Eider county DiPr1114 nished by the a cappella choir her 7 1902 had been a resident of directed by George H Durham Sett Lake CityShemost et her life and wee L D of the ward thextriss glee clubs- and by Seldon at memher deaththe time of her- University 'Matthew are Surilvine her husband Heaps organist' It three sons' Owen Wallis Robert As la finale the seniors sang Wallis: S Wallis and Matthew IL WaMs all of as' a "Alma Mater Hymn" saltLake the City her mother of Trernontmo a raster Mrs Lewin TreAnderson of r tribute to their school the and Mx brothers Ciarence W larg- Summers of Salt Lake City Thomas A ' The class of 1942 was SuMmere Irving O Summers Clifford est in the history of South' high Summers Iderlin Summers and Arlo Bumvice H all of Tremonton school Miss Winifred Dyer Funeral services will be olutueted Sat- ' ' - Thiel ' - ' - Deaths ' N H--- INIS I - : 4 I ! principal stated eleventh graduFollowing the seniors atating exercises the dance in the tended a graduation school ballroom at 2 14 m at the LD urday ward chapel Friends may Iveraity 124 call! Fourth- East street Friday from it 5 to 8 p tn and at the family residence Saturday from 11 a tn to 1:30 p tn Burial will be in the Salt Lake City cemetery - ' t Ivy Dyer Cowie Funeral Cowie for kfra services a Salt who: died in Weds) Pads''' will be IvIctoopDrueS at 2:30 o m at 344 East Firms South street Governor Herbert B Maw reArthur tW Moulton by the Very ROW Episcopal bishop of 'Utah quested Thursday that the govMra Cowie 46 reasied at 3731 Nintirt Market Potato ex' a of out theme ernor of the 11youth Nevada permit Carrying alreet"She was the wife of Lieupriat CHICAGO— tune exerlOssander Cowie of 'the royal British Bliss Trump It R No tradition of James Hodges and and the future" graduation navy 1 Bliss 00: Alabama Paul G Neil who are wanted in cises were conducted Thursday Friends may pall et Ma plapol'et ftoB U $20543 No I $300: old stock Triumpos en until limo- of frvItups second degree burglary night at Kingsbury hall on the nnra demand fair: market supplies Friday for slightly light Ogden w41 InotAton Oa tomnment B lialt Lake Me U wronger: Michigan Green iMountalne - and are now under arrest in for of spUtah I 141o Mortal campus mausoleum RenolUniversity $310 l : contlitelati Friday - 6 - 1 z ' z —- — ' ' - East Class Gives Panel Discussion Extradition Asked - ' ?' Continue Study West Class Told - 1 - Commodities Index atu!- hocol graduates conThe commencement theme was the evening's entertaingiven in a panel discussion with ment with a graduation dance five students participating under the direction of ce'BennetL Nona Nelson spoke on "Amount and Quality of Education Youth Should Have" Robert Cutter on "The Right Job" Donald Nelson Dressed in caps and gowns over "The Problem of Health and Recreation" Bonnie Howells "The 500 seniors of West high school re- Problem of Effectivt Citizenship" ceived diplomas Thursday night The senior class was presented at graduation exercises in the by Bruce E Millikin principal of school auditorium and were urged the school after which thejesponse to continue their education as a was given by Ernest M' Hansom means of serving their country assistant superintendent of city The advice was given by Nephi schools L Morris president of the Salt Diplomas were awarded by Bev Lake City board of education who erly S Clendenin John B Matheexplained to the students the value son and S L Billings members of education in their later lives of the city board of education The class was presented by Dan The senior class gift was pre- Baker school principal and was Sented 'by William Shand student received by Dr L John Nuttall body president to Robert Lenco Lake student body president-elec- t Jr superintendent of Salt ' City schools Musical numbers were by the A feature of the exercises was school orchestra and cappena a "town trier" Program- presented choir !Le with Frank Wilkins student stmdentS Following exercises body president as moderator with their parents attended a re- On Program ception and dance in the Union on the university campus Scott Bybee acted as town crier building and other students participating included: Gust TsinmpoukiS Dean Belnap Miss Orville Johnson Miss Norma Stockseth Charles Hansen Miss Wanda Foster Miss dent presented the school with a beaded motion picture screen as the gift from the class Sterling Weed class president elect accepted the gift Frank Wilkins son of Mrs' Estelle Wilkins 530 Third East street selected as the outstanding scholar of the graduating class was presented with a gold medal and wrist watch by The Salt Lake Tribune-TelegraMr Wilkins was selected on a basis of scholastic standing leadership ability industry achievements outside of school work and attendance record The presentation an annual affair was made by Weide M Condon of The Salt Lake Tribune editorial staff The Christensen athletic medal was awarded to Ralph Olson son of Mr and Mrs L K Olson of 84 North Twelfth West street for his outstanding achievements in achooi athletics Diplomas were presented to the students by LeGrand PBackman Frederick C Lootbourow and Al- G Zenger bert Leading corporate officials Franklin D agree with Mrs Roosevelt that- - all cultural humanitarian and religious organizations should be publicly supported Of 900 but doubtwhether they could continue to make handsome money In a final exit from their contributions if the aim of ' her school Alma Mater eome high 900 husband President Roosevelt ma- seniors of South high school 'Thurs: terializes and individual annual day night assembled in the school income is legislatively fixed at a auditorium to receive their -- - S L Curbs abor International bankers have been at a loss to calculate the true "backing value" of the German mark -ever since Adolph-- Schickelgruber and financial wizards started manipulating the nation's financial reports But now we have the 'answer Kurt Lange vice president of the refchbank officially stated last Saturday that the German currency had left the gold standard and now was based on the "unflinching confidence of the German people in the fuehrer"—which Bonds Retake More Grotnd 4 A Oft 00 te $25000 ceiling tah-tdah- 'Asked $ 7 50 3 30 1 72 00 wartime tax legislation than Will be the house The treasury department asked for a corporate 75 per cent excess profits and 55 per cent normal surtax The house figures appear t9 be 94 per cent excess profits and40 per cent normal and surtax The grapevines say an 85 per cent excess profits and 45 per tent normal angl surtax will come out of conference the house-senaHow come the senate is more friendly with the treasury department than is the house? Senate members are active in the farm silver wheat corn cotton and blocs They need now to swap Givfavors with the White-Hous- e Morgenthau almost ing Secretaryrevenues aa he asks as much in Is the smart thing to do politically A recenti survey reveals that 1941 showed the best net Vrofit for corporations of any In the last five years A tabula tion of 1087 manufacturing organizations allows a net of 43271671000 for 1941 compared with $2667910-- 000 for 1940 In 1939 the total in 1938 figure was $2193769000 41336505000 and in the "infla- tion year" of 1937 it was $2759323000 which was the best of any since 1929 President Roosevelt may not get congress to write into the 1942 revenue act that individual annual income be limited to 425000 after tax payments but that does not stop the treasury department from salgoing after "unconscionable" corto aries and bonuses paid out ' porate executives internal revenue Department ofnow collectors are looking into the 1941 tax returns of 'corporations They have instructions to do a thorough job of disallowing "unreasonable deductions" on high salaries and bonuses A considerable amount of revenues to Uncle Sam will be realized when these cases are settled - - f y blood-drench- 800 cluded - - Unlisted Industrials of Class - - " ) South Graduates mover of Thursday The' around 30000 share' sh was the largest in weeks the Park City Consolidated heldcom— the spotlighteiReports that pany had received a government loan to develop a lead property Missouri recently acquired ini!active bidtouched off moderately ding for the shares 'About 16000 shares changed hands in the reguclose lar and curb sessions The Wedwas at 5 cents up from nesday' Crescent Eagle als0 made a move forward and closed up 2 cents at 12 with no apparent news adNrance responsible 14for the ahead 20 cents-waWalker a cent isT orth Lily On the down side slipped Ith cent to 36 Eureka Bullion was off 1 cent 14 10 Ohio Copper dipped to 514 tents off U rtintic Standardat 150 New Park at '26 cents ' tr o Sugar common at $241 and Rico Argentine -at 45 cen ti were un- changed --- Twenty-one- schoo' Is South high rd t - - Tax Measure About Mid-Jul- By Lou Schneider The Washington grapevines say that the 1942 revenue act 'will ntot pass through the house to the and senate until about mid-Jul- y that since the senate as a whole does not run for reelection—only one-thithe memberahip does— it will be More harsh with the j - (Continued from Page - preferrel stocks At the same time the commission denied a motion by the companies that proceedings under the holding company act be suspended for the duration of the war and that unless the motion wss granted that the S E C reopen hearings The companies argued that the income excess prospect of 'higher profits and other taxes would have a depressing effect oti the firms' net Incomes and that the cost of labor material and supplies would make it impracticable to arrive at a valuation ' of the Companies' I investments The commission melted it was aware of the war and the other added: points raised but of a "Applicants' - expectation earnprobable decline of future Value ings and consequently of make it even more ev dent that we cannot approve the proposal to issue preferred stock and that any tral and reorganization of basis of American must be on a single capitalization consisting only of common "Moreover" the S E said "the appropriate time to consider the effect of present conditions upon allocations among security holders Is when the question of ompliance with our order arises" The S E C gave the ompanies a year to comply with the order- West Proceedings in the M ildthclie 'comcase have been before mission for several year The coris the successor of the porationWest Utilities corporation Middle which was dominated 1 y the late Samuel Instill M W II- 1 went into receivership In 1932 Market Quotations Ceiling on Timbers S 91 scorn score 99 boor k Net chg ri:k - 92 score I l 1 900-1100-- Market 1 Produce BOTTERS013 ANGELZM PHILADELPHIA June 4 UPI- 41 (AP-USD- A Triplets EGGS-SALLAKE CITY Large whit specials Large white extra" dozen 3½l Large white standarda dozen Medium whit extras 'dozen — NEW YORK June 4 CreamReceipts 953091 pounds: and premium ery higher than 92 score steady marks 3714 ‘36tic: 85 to 87 score 33 34e Unit Air L sales of Eggs—Whites: Jobbing fancy to txtra Unit Airer fancy 3612438c wholesale sales of fancy to extra fancy 3312 itt 36e Near- Itnit Corp midweatern exelange specials 33c: Unit Drug by and near-b- y and midwestern otandards 32120 Unit Fruit sales of exchange to fancy heavy Unit ft' 1m Jobbing mediums 3344 034tic: US elepsuml wholesale sales of IT S Ind All to fancy heavy mediums 324 exchange 33c Near-band midwestern exchange meIT 8 Rttbbe r diums 31tit Pacific coast whites: Jumbo II B Steel and premiums 40 IA 044c specials' 3914 —34"- -i standards 37c mediums 34c gp893gc Were Bros Wept Union CHICAGO Jun 4 (hP)—Butter—ReWestgh Air West FAM1 ceipts 1415876 pounds: firm 711 Wheel S toell 45 trucks: hens eataler: Poultry—Live chickens firm hens over 5 pounds 'aVhite Moti 201 i 5 Wilson&Co hens pounds and down 23e: leghorn down 212 pounds and 1712c Broiler Woolworth 261 colored Rock P&M1 23c Wrth 26tic: Plymouth --- Y---White rock 24c Springs 4 pounds up t colored 29c: Plymouth Rock 30c white 1'011 T & C1 111 rock 30e Under 4 pounds co1ored212e: 'Youn" Siert 201 Rock 27ttc: whit rock 27tic Plymouth 121 21 05 24e Bareback chickens roosters Zenith Rafe rosters 13c Pucks 414 13tic leghorn Total males Thursday estimated pounds up colored tittie white Ifilic I shareor: colored rimy 134020: week ago email 151ac: white 1512e i 't 353900 previous year 110 804550 two years Geese 12c turkeytOtoms 18c hns 21c 1 4 - ht 80-11- - PC 0 ble - -- 3 bulk and total 5200:' ealven salable and total 100 slaughter (steers slow few sales mostly stead yo 'heifers barely steady beef cows fully steady canner dull weak and many grades bids 25c lower7 bulls weak to 15c lower Yealers and stock cattle steady medium and good slaughter steers $115041300: two loads choice $136001400 latter few common steers $1085 price on heavies: 001125: bulk- medium and good heifers some held above this com$110001250 mon and medium cows few good $1050: canners $92501000 and cutters1 $70044900 !medium and good bulls few heavies $1125 me-$106501115: dium end good vealers $125001500:11 few choice $1550 small lots mediu hi breeds stock 'steers S105001125 -mixed Sheep-Sal- able 5500: total 6300 all nd good' elapses opening steady bulk No choice fed clipped Iambs with No 2 pelt credit $128501325 1and choice fed California spring limbs held above and choice native $1450 sorted good above $1425: medium springs lambs held choice shorn ewes $4500600 to CHICAGO June 4 9000: total 16500 slow early-tradstrong to 10e higher on 270 pounds down full advance on 240 onpounds all and under later trade steady and sows: good and Choice 180 weights to 330 pounds tcos op 1430 top $1435 sparingly 160 to 180d pounds sows$13750 1420: good 400 to $1360 013135 ble 3000: total 8500: late shorn lambs and springer Wednesdayfully steady good and choice around 98- 'pound clippers $135001365: load medium to good southwenterna $11010: few good and choice native ers $150001515 scattered sales springdownward from $1450 ewes scarce few fat kinds $450 0 600: today's trade lamb trade fairly active and fully steady around five loads good and choice shorn old crop Cs No 3 iambs with $1340 bead native pelts down 1365: odd mostly from $1515: few fat ewesspringers $4500600 Cattle--Sal- abl P 4000 cayves 1000: strictly good and choice medium weights and weighty steers strong on order buyer account several loads turn Ing at $137501430: all other grades and repreotentstive weights week' truotencee 10 ae 15c lower: largely $1200onov 1400 market weaknesfl very kinds to $1200 and at S1325 downapparent turning below: heifers we 25e lower: cows to scarce but 10015c off en late rounds: heavy sausage bulls steady bringing tilt to $1185 but light bulls 154025c lower on kinds scaling under 1200 pounds: veal-er- e fully steady at $1550 down stock cattle scarce but glow sorTft SAN FRANCISCO June 4 Receipts salable 50 largelY nominal: fed Steers quoted $1250 01325: medium grass steers medium to good quoted mind cows absent few emootit heifers $105001150 range odd cutters young dairy cows canners very $800: scarce at $5500 $675 calves 600 recelpts salable nOn 0 t nn rn inal good tothoice vealers quoted 1250 N Si 1350 350 around Hogs: Receipts salable lbs barrows lower: bulk' 185-23- 5 load choice 240-11- a and gilt $1470 owe odd good $1420 $1215 Sheep: Recelpts salable 350 ) Assay to weak: good to choice ever lambs late Wednesday quotedmedium $1250013(25 65-l- b deck lamb sort $1150 tad common culls at $850 meewes quoted $3504450 dium to choice$1025 Cattle--Sala- 1 - - 3 230-poU- ' k 01 6 PHONE 14 1 ''" 1 912t 41--- OMAHA 3une 4 Salable 4400:- total 6500: trading slow but most sales and bid 10015c higher than Wednesday's close top $1390 for few choice 190 to Weights: limited numbers weights upward to 290 pounds $1385 but most bids on good and choice 230 pounds up $1360 lows - Vs 1 '201 28 McK&Rob 1 Mid C Pitt Mont Wd Cp Murray - --4- 3s 21 Iti 28 R H Co Marine M Mar no ld 0 600 - 12 51 itlAA11 AINI VOA u elnao 1-144 "12211 - SRI poim - - - 11 1743 1118141 1118 - st 202 11 19144 — 118- r— - - 2:6 29 1 38! '27 141 19 MeckTrksf M M - 41 5'T —t4- - 25 Hogs--Rece- 230-poun- 1 Ble Rey Tob -1 CHICAGO (A111–A strong rally roeabed grain tuturee prices upward tto to ao much as 2 cents a bushel oradav enabling t ho vintner- toreeover' grit ot - the toes suffered earlier-i-n the Or near tila clalea highs wheat at Closing aithed 1 is to 1 to CentS higher than enweasta v July 111814 1111814 Se proner SI to Coto 1 - tent tin jutc it8aft 0116c Septem c lit to? str- rei tlt Lighliit aeal s 1 la cenla higber - 540 23 I 22 71 61 111 5 361 45 order Limited copper in the manufacture of farm tractors and engine power ttnits by order t will take control of imports' of commcclities for civilian use aawell loth - 4 2714 103 4 4 174 17 1612 16 20 2014 1144 11 5 - 6 5 3212 82 9 9 2 i ' -- L-7- 5 1 10 2812 971 ind Rayoti In p C C Inter Iron Hare Int M M Jut lot N Can Int Paper do etd Jut T & T Johns IC —K— Kenn COO Kress S8 Groc Krog -1--- y II': 174 ' The following orders were Thm-sdaby the war productfon boas& Further Information on specific orders may be obtained by calling the WE' B priorities vision Speeded tonversion of oil burnCorp ing equipment Ito coal by perrnite Leh L 0 1r GI Lag My El assembly of small stokers Lock tirg from materials in manufacturers' LOOWS Ale Inc Lone 8 C hands May 31 by amending - - E-- 111 Sheen-Rec- - - Western Union Goodrich Anaconand International Nickel da i'" Motors were aided by reports armament": output of automotive' manufacturers currently was 10 to 20 per cent above previous excoverpectations :A: little short tail-ind ing helped aircrafts at the of the proceedings strong d through and 26 for market: odd lots good trucked-i- n fat lambs 11375 °GOSH June 4 -R- eceipts- 310 Includes 150 for market ' s 160- thro‘dith: hardly enough here to 12 and establish market nominally steady or about to good $1200 on bulk medium common $1025 toheifers 34 steers $97501150 to good medium both ci a down: $950 cows $8750925: lower grades $850 moat bulls $850975 best veal-er- a 12 down: 9130001600 lpts 150 for market: steady to 10c - higher top S1370 on good to d 214 choice 180 to weights: few lighter weights 11345 down sows $1190 sta 01175 Sheen-Rec- eipts 3910 includes 1750 for market and 2160 through: in two cars mixed Idaho sheep late Wednesday part loit load good to choice spring lambs steady at $1375: medium to good shorn ewes 4 $4500550: culls down to $350 65 head orn yearlings $1060 few lots medium trucked-i- n to choice shorn ewes 64500 ' le all market 201 ts 230-poun- - - 411 3 Hogs--Receip- to 10c higher i top $1370 on best 180 to butchers: mixed weights sows glet750 1175 SOW $132001345 to $1225 lights 4 Includes 534 eipts 560 ' 312 2014 1 n - 4 12 3 n 64 it 2112 -16141 4 13 4 -- 6413 2 14 15 13 beef bulls i 8350950 ed: trucked-iveal calves medium to good tricked-i91Z5001500 common Oealsra $1000 'down- - : at 2: 21 21 261 ' Cts-A- m tral Pennsylvania Great Northern eipts n were Allied Chemical up 3 18 $ llt-I- t Dow Chemical up 3: Union Car101s 101s 10 2414 25 25 bide up 214 and Philip Morris A 8 814 6116 6 8 up Lesser phis marks were held by 23-2322 7 7 712 tr S Steel American Telephone 3 3 Santa Fe AmeriCan Tobacco f'B" Dist Corp-11 1734 1714 17121 Donut 'Mine '17 lilt ills14 Sears Itöebock Woolworth 51 544 Doug Aircr Harvester Du P de N '36!1i3la1lou 113 —— Consolidated-Edi41 J C Penney and 2312 22121 2212 East Air 1 son 17 I 2714 1314 El Auto-L- t 2 Elee 11 On the: offside were N Y Cen- Else PBoat 1 1 1 & 1 1 Johns-Manvil- :: it -- The securities exchang commit- elone I sion Thursday directed the termi11 nation of either the Central and Iklieghany co bs 44" : do 5s 50 it 831 rali A & F P 5s 2030 07 Southwest Utilities company or Am T & T 314s 88" the American 'Public Service com: A T & 8 T 4s 85m tlgg 1 103 Beth SO 311411 52 as holding companies withpany MO Pao 5s 77 ir 54 25 in the Middle West Icorporation -4t 2 do gen 41 75 10 Sou Pac 414s 81 4734 4 system and that either of the two do 4W o9 lot( 48 firms reduce their stock to a single do 34is 48 Mil 84a do 4y2s Or 77 of common shares' class : 47 : Union raie lst 4s 54 44 Utah P & Holding that the continuecr ex: : Western Union Si 51 istence of both subsidiarlea unduly Total sales Thursday $g700000 pre- - complicates the system's corpovious dlY $6781300 week agotwo$5506300 year ago $5372800 years- rate structure the S E C turned ago $3590000 January I to date $1ago 969101075: two down the plan proposed by the 000161700tyear years ago 5761024525 companies for a statutory consolidation of Central and lAmerican and the formation of a new company which would issue single and corn-no- n classes of new (AP)--rollowI- ng ' i - 1Laleal Curb Prices - - Colgata-- P r May 21 Du Pont moved up 2 in the face of a federal grand jury's indictment of this company together with other explosive manufacturing concerns on charges of violating the 'antitrust Taws Prominent on the day's bulge 161 Prices CORPORATION BOND8 (gales In $1000) 91' -- Brdg Bras MfgBrggs Budd Mfg Budd wilt Burl Mills Cal Pack Cal & Bee Can DOA Can Pao Cass Co Cat 'Tract Cein Crp Cer de P Choi & D Chrysler Climax Mol Cluett Pea Coca-Col- a - 6121a' 41– - ed ance: There were Ia number of new year's highs posted during day Among these were General Motors Chrysler Goodyear:1 S Pepsi-Col- a Rubber American Can ' Montgomery Ward and Pan Amer ican Airways alipped to a n attracted bids quarter hour az net gain of' 1 Transfers of 524300 shares corn334020 the day ' bepared withwere fore and the largest elite 16 0 do NEW YORK 71in 4 (AP)—Following are Thursday's 'sales close net change priqes of bonds on the New York stock exchange and the total sales of each bond I (Compiled by 7J A Bogle & Co members New York stock exchange) Low Ciono Mgr' 301661361 up 146 10387 10225 02 20 rang 2346 2325 10361: 2335: oft 32 11115128 1180 up 181811: 40 bond 11 commodities 8526: up 84 Indust Rails UM 20 15 30 1402 2941 11422 MO 1942 low 9992 2331 1058 314 31 2113114 130 sis 34 11 34411-- 24 35 68 171 68 671a 41 21 21 2114 61 17 12 17 1712 10 614 e12 17 2 17 17 I– 12 11 47 4 45808 414 ago 427315: 3anuarY 1 to date 311 12 3 813 year ago 54920222: - two Yuri 914 181 24 35 go 113615181 3641– 121 16 44 21'117 1 153) 44 44' 121 214 12 212 3 3 2311 23 23 NEW YORK June 4 2 2 23 a list of Thursday's transactions on the 11 27 27 27 New York curb exchange: V 43) 43) 33 ' 33 34 - STOCKS 33 3 20 2012 2022 (Soles lit Hundreds) 6 163) 16 12 16 4 Cities Sem lee 6 6 6 t II 1321 241 Bond & Share lval 24i i 2114- ! 12 El do 23) 1 2? 45 pfd t 41' do 35 ofd 24 10 10 10 11 4 4 Bitola Min 21 2 2 I 2 1 31 ' 4 Mount Cite 31 4 Copper 14 4 Ifuti-PoMI s 11 5' ' 8 Niag 812 8lia 4 11 Technical 29 29 - 131:30 v— 51 Trana-Lu- x sis SI 341 United Gall - 81 51 514 151j 5 5 - 61 Utah-Idah- o 8411V 214 12 251 1412 '134 14 204 20 1914 1912 - 6 23 2346 2316 6- 6' 81 7 141 7 714 - Ns 1816 - 18 18 3i 2 2 212 Olt : 2t 168 64 :' 16 34 64 51 18 18 18 ' 1: 8 6 w 6 15 1112 10 11 I 381 - 114 4 414 4 ' 31 6774 6714 '67 NORTH SALT LAKE June 4 (Malt- - 6 33 33 32 1 444 Include 14 1944 19 19 666 8 29 28 i 28 270 through 19 for market and 155 di 6 30 30 304X ateers rect medium to good trucked-i621 41 6214 -- ' X - 77 3 35 edrartion kinds down to 35 35 $1O0001O75:L 4 8 31 31 3112 112 9925 heifers scarce early odd trucked-I- n 101-773 with good kinde medium helf0s $1100 113 16' 13 to $1200 common heifers $975 114 131 quotablemedlum 401 cows to down: 8500975' good 211 21 canner to common cows 6000835 15: 361 161 TIL-8- - 214 164k 16ys 2 market factor Thursday and lead24 ing industrial stocks extended Anaconda Arm III Ann Cork Wednesday's runup Aaad D Gda by fractiorus to around 3 points Motors led the early upswing At Line AtI0 Ref on good volume 1Spec1alties mail itti Atlas Crp orders and farm implements then Air-- -I- Corp T S— joined the procession There was Bald Leto last-nam- 311 21 I - '12 6121 9-- last-minu- te ' i 6 3112 6 14 31 12 - 2 4 j - - I Adma Exp Air Red Alas Jun Alleg L 8 AI C & DI Am Airlbfkal s - tn 110Ione 11)ow-Jone- - June 5 1942 29 S E C Dhebts I ITraneWinds II S L High Schools Graduaie CI 1 3M1pIla ymt0 Classes of 2000 Students Of Big Fiirm Senate to Ge't ''graduating proximately East high dents -- Market Quotations k - NEW TORK June g (AP)--rollais a tabulation of stock trans- York stock exchange: actions on th e New Tuesday's - Zbe 5alt ' gake 3rtibtitte ' - ' ' z - t |