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Show I GAINS FOLLOW I STEEL MERGER Independent Steel Issues Advance in Startling i Fashion KEW TORTC. May 11. Independent steels made pains of 1 to 3 1-8 points whuh were the outstanding features of today's stock market as a. result of tho ' prospective Bcthlehcm-Lackawanna deal. 1 Equipments ,'ind kindred Issues also strengthened. Sales approximated 1.200.- I ,11' ooo shares Steel sharei were the rrntial features m the opening. The proposed merger of thft F.tthbhem and L.icknvruina com-aaar com-aaar 1 panlos overshadowed all other develop ments In point of Interest and speculative specula-tive Importance Lackawanna opened H with a slnrrle offering of 4000 .'hare? at 73 to 74, followed by 800 shares at 7-4 3-8 and 100 shares nt 75, nn overnight advance ad-vance of 9 1-4 points. Rethlehem rose 1 1-2 points and other Issues of that dl vision vi-sion were irrejrulnr Mid vale Steel, which figures prominently in the speculative merger of half a dozen other companies, was dlstlnetlv heavy, eoon lo' Inp: 1 8-8 points. Pierce-Arrow preferred also re-ted re-ted 1 polnl on announcement that the merger with LaFnyette was Ineffective. The general list; especially oils and equip- I nunt- Showed a firm to strong tone. General Electric rose l 1-2 points, and Lai Laclede, one of Thursday's strongest features pained 1 8-4 points Lackawan-j Lackawan-j ni Etecl reacted 2 points from Its hlsn I Lackawanna's early reaction of 8 1-2 noinls whs accompanied by losses of 1 1-2 H . ,i, io 2 points in Republic, Replope and Vanadium. Piercc-Arrow preferred , ' I .x tended Its loss to lour points, the com-I won dropping 2 points. Studebakor, I . Standard Oils of New Jersey. California, , N ew York rentr.il. Utah Copper and ir- ptnla-Carollna Chemical preferred em-. I i braced the other heavy shares of the first hour posting of the 3 3-4 per cent opn-ln" opn-ln" and renewal rate for call money OC- , casloned another brisk advance In UK Independent In-dependent steels. Lackawanna rebounded rebound-ed to 77 3-4. nn extreme rl e of 12 points and Bethlehem Steel e-iin-d ? 1-4 points. Crucible Gulf States and Republle were 1 to 3 points higher. Pullman gained 3 points and tobaccos featured the strong- Lbb er specialties. ... u I Bullish enthusiasm reached a birb piten !n the steels, all of tie more prominent members of the gproi xct I : h r high figures of the morn n I I ' r orlced issues aire n o id up n n lute fahion Sloss-Sheffleld gaining I points and the remain. lev 1 '.o 2 points. EQUlp-mcnts, EQUlp-mcnts, coppers, tobaccos sj I Mexican Petroleum Pe-troleum were also In the lorcfront of me H upward movement. Prices reacted moderately on news that the senate hod passed a rerowit'on P to investigate the proposed -" l mergers but the market rallied briskly ;n ire l.-a-. cr dealings The closing was strong. MINING SECURITIES. (As reported h j a node & Co i aH ' " ' R'J A '' H Antelope Star J04 ! Alta Con I Albion Con im Con Cop ? Alta Tunnel l; l- '''- Bulllort n- Big Hin w Big Cot Coal ';. .0 Beaver Copper &9 ", Bay State 01 Oj. . , Black Metal '-, ! Bingham Galena ' , Central. Eureka : Columbus Rexall Colorado Con 05 .05 SSfcS v.::::::::::: :8 f Sb:: ::::::::::::: iig Daly West 1--0 Dragon 06 .o. Emma Silver 1,1 ! Empire Mines 03 .0 Eagle & Blue Bell 2 Eureka Mines 01 06 , Enst Crown Point 024 -03 D lfl"K Kz'-t T.r.tlc C.l , Eureka Lily T.I'V Eureka Bullion Gold Chain " Grand Central Iron Blossom fj ? i I fifcSV:::: :::::::::: : - i &Wuc : -raj lrl'fllH Leonora MlUer KOI pOtf J2 May Day 01 .01j Moscow 01 .06 Michigan-Utah 86 Nw Qulncy .-04 03?i :,'ai!dnver .... 0C IT' North Standard I 0 "J BSSr .?!?....::::::: :"i Reeds Peak -00 Xorth Standard .. W silver King ' "oal 1 -0! Silver King Con M 1 J la 02 silver Shield 00 01 Tar Baby 01 S .0 Tintle Central .01 pP.- Tlntlc Standard 2.00 . ; Cncle Sam 01J4 Utah Con 00 02 Union Chief no , fl" Victor Con 00 .01 West Toledo .02 , 0J Walker Mining 2 -M 8. SB Woodlawn 07 .M Yankee Con 01 .03 Zuma O7 -0s'- Ooenlng Sales. H Prince Con. 2000 at 3c. H Sells 4000 at 8C Silver King Con. 2"o at coc; 100 at 45c 100 at 47;r 100 at 48c. Tlnt'c Standard 1100 at ?2.00. West Toledo 1000 at So. ft . ' ' Cloilna Sales. . . Fmma Sliver 12 al DO at L;C. 1 Iron Bfossom lou at 2lc: 500 at 22c. Iht. K'lnu' S00 at ll Leonora 4000 at le. ' M ,. igan-1 tab 1Q0 ( 81 : Silver King CoallMon 1350 at $2.00. Tlntlc Standard 10U at $2 02. NEW YORK STOCKS. Allied Chemical & Dye 66',-i Allle-Chaimers 4&'rj American Beet Sugar 30 American Can 47$ American Car &. Foundry 1SS - A.mnrlcan Hide & Leather md C7i American International Corp 44i American Locomotive 114 American Smelting c Refr .. 58 yinerlcan Sugar 74w AmTlcan Sumatra Tobacco 3254 Amerioan T A T 121 M Amerlean TeAacto 18$ American Woolen 91'a Anaconda Copper- b-ri Atchison 9f4, All Oulf & W TndleK S6 Baldwin Locomotive .....116ft Baltlmoro & Ohio 4G Bethlehem Steel B sn; Canadian Pacific 140 Central Leather 87 Chandler Motors . l7t Chesapeake Ohio Chicago Mil ft St Paul 2oi Chicago it I ft Pac 43 "hlno Copper 81 Colorado Fuel ft iron '-i Corn Prrwltiets . . 101 j I Cruciblo Steel W 1 Erie 1 Famous Flnver-Lasky 70', (.eneral Asphalt 61 1 len era Eli 1 irio lfi-"? Oeneral Motors 12's fiooflrlch Co 40 I v .t Northern pfd 74 1 Inspiration Copper 40 Illinois Central 101S, internnt'onMi Harvester !7"-; Tnt Mer Marine pfd "24 International Paper 'y) Invincible Oil 17U j Kelly-Sprlngfleld Tire 504 I Kenneeott Conner Louisville Nashville 1 1 M3 Mexican Petroleum 180 Vl.iml Conper 28'i I Middle S'ates Oil W Midvale steel ns, Missouri PaclTIr C2 N'ew Yo'k Central . 88 v Y N Ti ."i Hartford . 88 Norfolk A Western lO'.'l, Northern Pnelfle 754 Oklahoma Prod & Ref 3 Paelflr Oil C4'i Pan Amerlean Petroleum SJfJfi Pennsylvania 4oj, Peonla's Has SO Puro Oil Rjiv Consolidated Copper . 1C Reading 77 Rep Iron Steel 6! Royal Dutch N Y .-. 6n'i Sears Roe'xtek 73 Sinclair Con Oil :'l' Southern Pacific '0'; Southern Railway 24 Standard Oil of N J 1SS'4 S'ndebaker Corporation lis Tennessee Copper 1 1 Texas Co 4R Texas ft r- Ifle 12 Tobaee lUCtS 88 Tmn. n t! Oil 147i Onl -ti Pa ri 187 United Retail Stores RS 1" S tnd Alcohol 40'4 United States Rubber 63:s Cnltei Stn'es S eel 9H Utah Copper 04 Westlnrhou ' c Plec'.rlo 62'4 Willys Overland 7g merla-i 7lnc Tend md T"m. ... IS Pu'te aid Superior 80 Cala Petroleum 5 Montana Power 72 Sliattuek Arizona SB Great Northern Ore ... 41 LOCAL INVESTMENT SECURITIES. (As reportod by J. X. ITogle & Co. BAkSTO"c"K3 Bid Asked Bankers Trust $150.00;f 1C0 00 Columbia Trust I 0i 'u Deaeret National J 270 00 2' 0 First National of Ogden . 310.00 Desoret Savings 199 00 National Bank of Republic 240 00 National Copper 100.00 IE Security State Bank 100 00' 110 0 I'tah State N-'lonal , . 125. 00 140 "0 Utah Savings ft Trust 5 no1 10. 0 Walker Uro.s Bankers 234 00 888.00 Zlon's S lr.'.s v I rti -1 . 1 2u'. 00 j ' TNPUSTR1AL STOCK8. I L4ld l Asl.J Amal Sugar 8.00 3.25 do fd 6S.50 69 SO Con W.t-' 60.01' 65 00 Home Fin Insurance 020 00 C30 00 Tnde. : ' Coal 6 48 Morran Canning 0,5 100 00 102.00 Ml States Tel .'i T?1 99.00 101.00 Schramm-J nson Sa pfd. W.OO 101.00; Standard Coal 52 .5? Utal -Tdaho S iirar 3 27Vi 3.35 I I Fire Clay 60 00 55.00 1Tlh Pr ft Lt 1st pfd 93 00 95 00 E C M 1 109 00 111 MO F S Fuel "s pfd 72 . ;S Walker Bros Dry fiends . 200 00 BONDgT" n"Bld Aske J 6 l Stoel Ex 6s 1S20 8S 00' W "0 Standard Coal Cs 1924 1 1 93 "0 Utah Pr & Lt 1st 5s l'j;4.( 02. 00 94. uO Utah Lt ft Pr 4i 1980 . ..A 86 00 ... tTtah Securities Ca 1022.. 99.00 100.00 Utah-Idaho Sugar 7 , 93 . B0 95 50 FOREIGN GOVERNMENT BONDS. ' reported I riunie Co li g. rep ZZZIZI 1 Bid Asked Argentine 7s 1923 100 I'JO'; Belgium Ss i:Ml 107 107 '-2 do 7U.s 1945 10"' 10S Braz.il Sh 1941 10Cri lOG British Ss 1927 92 95 Pro Buenos Mres 6s lf2 95 9C Canadian 5s 1937 88 89 do 6S 1929 ! 100?4j 10F4, do 5s 1927 1 9SVi 90'-a Chile gov B 1941 , 105 106 Danish Con Mun Ss 1946.. Hl 112 Dept of Sein Prance 1912 97' 97 French Sm 1945 104 104 rto 7s 19-1 101 , I 101 do 5s 1920 80 I 83 King Denmark S3 1645 ... 111 111- do 6a 1942 99 99 Ja; 4s 1931 (large) . .. 76 76 -i do 1st 4s 192G (large). 90xi 91 do 2nd 4V2 1925 (lan;-). K9f ."'0 U IC 5s 1929 107- 10S do 5s 1937 1024 102T4 ndhtnd 6'-s 193d . 108 lo7 King Norway Ss 1940 111 11H4 Sao Paulo 1936 104 105 Swedlrn 6s 1929 102 102 Swiss Ss 1949 1174 118 do 55 1929 102 102 Stale ,ii nsland 7s 1941.! 110 I 111 Czecho-Slov Rep 8s 9951 . 98 99 UNL1STF1? Argentine 5s 1946 1 78 81 do 5s 1947 74 78 Brazil 4s F'OO 49 53 do 6s 1903 65 07 do 5s 190 66 63 Bns Aires .", : 1915-44 (lgo) 63 C6 do (smill) 62 65 Copenhagen 4s 1 904 7.3 76V. Paris Orleans 6s 19G6 82 S8 Cuban gov 6s (larpe) S6 87 do (small) 82 84V. Sao Paulo 5s 1907 64 vi do 5s 1905 70 T3 Buenos Aires 3s 1908 .. 4S 51 Jap 5s 1907-47 . 73 76Ai Norway 3s 1902 56 59 do 3s 1904 56 59 Sao Paulo vs iL-ldrs) 1936 396 " 408 fa 4" 1931 (small) 741; ts do 4h '25 j mid sec ser 88 89 NEW YORK SUG R. NEW YORK. Ma 12. The early raw sugar mnrket was sluggish. Torto Rlcoa were pioter at 3 92c for spot and 3.98c for later delivery while Cubas were held at 2 7-16c, cost and freight for spot, equal to 1.04c for centrifugal, and 2c BDSt and fnlcht for June, equal to 4.11c Thfre- only a quiet trade In raw sugar futures but the undertone was Steady at prices showing advances of 2 points at midday at commission house buying I The market for refined was stea"v and unchanged iu 5 30 to 5 40e, for fine granulated, gran-ulated, with a continued good Inquiry In refined futures tharo was a sole Of one lot of July at 5.97c. an advance of two points over the previous close. Sugar futures closed steady; approximate approxi-mate sales 3S50 tons; July 2.65c. Sept 2.87c March 2 BSi MONEY MARKET. NKW YORK May 12 Call money easier, high " per cent; low 3 nor cent- ruling rate 3 ocr cent; closing bid 3 ocr cent; offered at 3 per cent; I loan 3 per cent. Call loans against acceptances 3 per - nt. Time 'o-ins steady; 80 days 4 ner ant f,0 davs 1 per cent, "six momns , iVj per cent. Pr'me mercantile pa-ier 4'5?4 per j enL LONDON RATES. LONDON. May 12 Bar silver 35d 1 : t i.'.ince. Money 1 per cent. Discount t'iLi-j Short bliS 2 per cent; 3 months 2 t-162 per cent. |