The Salt Lake Tribune from Salt Lake City, Utah • 18

4tw Thursday Morning Wpril 17194T eirbe Bait Cake Trributte 0-L'i-iiUttitul-4iri 'ih' Puts -Stock Market: on PlusSid-- Exchange Quotations 17 3so 4-lb 3' Stock Stock Prices 1: ilb tiqb Stock Market Quotations Mond Prices Big Taxj Boosts Increase Danger of Interference With Ability to Produce NM YORK April IA tAP)--trollowinit aro Wodnoteday'a high low and closing priteo of bonds on the New York stock exchanite and the total sales of ads hood: I 24115W YORK Atoll 1 thP)---rotiowhilt I a tabuiettoo ot Wedneedtty's tock teas oa the Igew York Mack ex- change Dow-Jones Averages ia 71 pi ox motor 1st A Rebounds Yrom Los 1 Utility Issues Continue to Travel Dolvnivard WEDNESDAY'S QUOTATIONS STOCKIS (sal in liundtgkil) I Bid i Asked 0011KRNWENT BONDS (Dollar and Tbirtv-seconds) (Salsa In $1000) STOCKS Treasury Eia WO High I Low I Cl000 1 (Furnished br A Houle Co member New York Stock exchange) High Low Close 30 'Moat "11901 11765 11660 nu 01 20 rails 2822 2794 2522 uti 27 15 utile 1857 1844 1149 off 07 40 bonde 9053 up 02 11 commodities 6370 unchanged a 30 20 15 Indust Rails 1941 high 13568 2995 2076 1940 Wad 14250 3300 30 44 1941 low 11743 2642 16 44 1640 low 110 41 2165 1749 1941 high 135 6S 2995 1940 Walt 14250 3300 1941 low 11743 2642 1940 low '110 41 2165 Alta Tunnel i 00 IA Am Met Co i Beaver Gold Copper Big Hill 06 Bingham Metals 0512 Black Metals 0014 Bonanza Mining 001A Bristol Silva' 054 Bullion 00 I41 Cardiff 0 2 IA Cedar Talisman 0112 Central Standard 01 Chief Con 23 Clayton Silvr 15 Colorado Con 00141 Columbus Resell 0014 Combined Metals 09 12 Comet Coal 09 Commonwealth Lead Condor Gold noioi Crescent Eagle 004 Croft 004 Big Hill 06 Bingham Metals 0514 Black Metals 00 Bonanza Mining 00 Bristol Silver 0514 Bullion 00 Cardiff 810 0214 Cedar Talisman a 014 Central Standard 01 Chief Con 23 Clayton Silvar 15 Colorado Con 00 Columbus Rezall 0014 Combined Metals 0914 Comet Coal 09 Commonwealth Lead Condor Gold 66 4 Crescent Eagle 0014 Croft 0014 48 54-44 111113011113011130 314 40-48 211101611101611016 43)4 52-47 Ten 14 alto 36 55-51 111120111120 11120 114 54-52 21102 301102 30 10250 1 00-55 0410 110930 10930 50-58 11109101209101109i0 2 03-59 111095 11095 I100 2 85-00 11109311109 2111109 1 HOW: LOAN 2149 44-42 1110213110213110213 CONPORATKIN BONEtil (Bales In $1000) 'Weil Bich 1 Low I dim i I I I 1 Nt 11111114011IA I Low I Last i Chi -r Air Red t-' 31 36 36 36! i lilt Cite I ig 5r 7- a 5gra -rt: ag II4 IT Ajutz le NI I 87 stil 144 Ili! IM Cgt IT 38 it 11 11114 114 A toaPSif 7 1 12tit 12 12 1'11 I 3 3 3 14 Am Inter 4 4 4 ta Am Loco 12 11 1184 Vs latetira? li 111 1 11111414 4 traltat 2: IL II ii! ti4 4:: tritittl 13 3: 2:12 3:84 It Arg Srit ta tt A 15158 1511 158 AntitoT7313: 11 :78 tt 11 :14 12 Am Wt 161 5 4 411 Am Woolen 1 6 6 6 12 do pf 1 55 55 55 Anaconda 35 23 22 23 Ncit '2A 11 14t tt -111 34 1114 do pr pt 1 52 52 82 Ass Dry 11 1 134 6 1 4 1 MI ar At tilr 48 25 241 25 14 Intateofril 111 71 agi 22 I 4 do- pt 3f 49 4 49 4 At Pow pt 201112 112 112 Asia' Corp 57 3 31 3 0--- i 1 1114 lilt li 4 1t1 3 Itstig rant I i A I 4 Barnsdall 12 8 8411 I Nti Benda MI 16 33 33 33 1 Rest Co 1 27 27 27 Beth teal 30 72 70 72 1s 31 1412114112p 1244 'twin! Al 2FI 111 1t! 11 4:14 AenUkncorl el 191 19 19 I d1 1 01 01 02 Editor's note: This is No 269 of a serieson the mining industry and those who run IL By the Shift Boss Existing taxes and the inevitably greater burden to cOme as a result Of unfinanced defense and war activities constitute the most serious problem facing industry and thereexists a great danger that unwise methods of levying future taxes may interfere with the nation's great ability to produce Since the operations of the United States Steel corporation In elude the mining of iron ore coal limestone zinc and manganese ore they are of special interest to all who are-toncerned with min and general taxes It is also of interest tonote how great a per centage of material in that corporation's activities Is In the category of mining and excavation The corporation's annual report tor 1940 gives the following figures: ----Net tons-- Percent Product 1940 1939 Mertes Iron ore 33904206 24109887 406 Manganese and zinc ore 142354 115010 238 Coal 29527686 21623834 366 Coke 16143957 12091676 335 Limestone etc 15730208 12852375 224 Pig Iron etc 18366576 13655719 -'-'345 I Steel Ingots 22933653 17625676 301 Finis-bed steel 15543856 11996811 296 Against this increased production of raw materials semifinished and finished steel may be tabulated the increased tax burden carried by thecorporation as follows: Percent 1940 1939 Increase State and local taxes S38635194 $36827279 49 Unemployment comp 12480250 10888231 146 Old age 4808257 3929825 224 Federal miscellaneous 3196844 2396751 334 I Income taxes 26300000 12975000 1017 Soybeans Oust Corn From Trading Spot CHICAGO Aril 16 youngster among the nation's farm crops graduated into the big league of grain trading Wednesday In a move symbolic of recent developments In the grain business board of trade officials transferred dealings in beans which recently have been breaking all records to the corn pit Trading in corn futures henceforth will be done in the beans pit which Only recently was doubled in size In its new quarters the exchange's soybeans trade ranks second to that of wheat displacing corn which for years has been the No 2 commodity on the trading floor from point of volume of transactions Pit brokers commented that the rising trade in beans and the declining operations in corn reflected developments in market conditions Although beans production In the United States last year amounted to less than 4 per cent of the volume of corn harvested traders said industrial uses for beans have been increasing steadily Due partly to increased industrial activity associated with the rearmament program and to wartime demand for fats and oils the price of soybeans has risen almost 30 cents a bushel since the first of March and now at above 6120 a bushel Is the highest since late in 1939 This price is more than a dime higher than a year ago and gives beans a value more than 50 cents a bushel higher than that of corn Trading in corn futures has fallen off sharply and at times recently has been the smallest on record Grain men attributed this partly to the fact that large stocks of corn were involved in the government's ever normal granary program Beans are not involved in any way in this program 09 06 02 004b 06 01 04 04 01 26 16 01 01 10 09 Vs 01 00 mi 01 02 Crown Point 01 03 Dragon 00 0314 06 East Crown Point 0014 0114 East Standard 0014 01 East Tintic Coal 04 10 East Utah 01 02 Vs Empire Mines 66 02 03 Eureka Bullion 0 1314 15 Eureka Lilly Con 11 1214 Eureka Mines 6 01 Eureka Standard 1 17 Gold Chain 02 06 Great Western 004 0114 ion Silver 12 13 Howell 6 61 6 02 0244 Indian Queen 08 GOO 004 01 Kennebec 6 02 04 Kentucky Utah 0414 011 Keystone 08 10 Leonora 00 00 Little May a 03 0:3 Vs Magnolia Lead 05 07 Mammoth Bs 80 Miller Hill 00 0144 Miners Gold 0014 01 Missouri Monarch 00 01 Moscow 0080e 00 01 Mt City Copper 250 300 Mountain View 02 04 Naildriver 10 15 New Park ee 810 3114 32 New Quincy 00 01 lit North Lily 55 56 Nnrth Standard 0014 0044 Ohio Copper 041 05 Park Bingham 02 03 Park City Con 0111 09 Park Konrad 01 02 Park Neleon 43114 0212 Park Premiar ID' 02 03 Park Utah 135 175 Pioche Bristol 00 Plumbic Mines I 05 10 Mutum 02 1 10 Prince Con 23 Rico A gent Ina 12 13 Royston Coal 2 01 0114 Silver King ens! 440 4 80 Oliver King West 25 30 Sliver- ShieM 0114 02 Silver Standard 0044 0044 0oUth Iron Blossom 00 Ma south Standard 03 06 Swanmea Con 0014 01 14 Tar Baby 0044 01 Tintic Central 0014 01 Tintic teed 07 Oa Tinkle Standard 160 1 65 Union Chief 0014 01 Utah Con 00 01 Ptah Wvo Con Cil 00 09 Victor Con 02 04 Walker Mining 71 73 West Toledo 00 0014 Wilhart Yankee Con I 02 04 Zuma 011y4 03 Utah Idaho Suit cm I 12141- i2714- do pfd I 85 I 110 09 06 02 0014 06 01 04 04 0114 26 16 01 01 10 09 12 01 0014 01 02 03 06 10 12 0'2 03 15 1214 01 17 06 0114 13 0214 01 04 011 10 0014 0314 07 60 12 01 01 01 01 300 04 13 32 01 Vs 36 8 1 12 -6 12 4 '12 i4 11 12 4 1 11 14 1 '4 4i eA a It 34 2 14 tt 14 12 14 2 2 Ails ev 5s 44 do ev 55 49 do ba 50 at AAFP 5s 2030 5440 41 do 3Vas 66 do 314s 1 Arm Del 55 ATASE a4 95 Beth Sti 312a $2 Can Poe 4 per Ceti Pae 1st 49 CMSPAP 75 do al 2000 CANW ev 4aes 49 MT 4125 77 Col 0 51941 Corn Ed 31ss 88 Con Edis 312s 56 Con 3124 65 DARGW 5s 55 do 5a 55 asd Erie nit 55 75 do gn lien 4 96 Good 41A a 56 at Nor 46 0 111 Cen 412 88 1 st 312s tit Pas 51 77 do ten 4a 5 Mont 3120 66 Net Steel 651 NYC rig 5s 2013 do 412a 2013A No Pee tis 2047 do 97 0-WRRAN 44 61 Pse GAE 64 Pa RR 41es db70 do go 412a 81 do 324a 70 Phil El 312s 67 Port GE 4125 60 Rep St liVas 54 do 412s 56 So Pao 412a do 4Mis do 12eis 46 do 4141 Ore77 St Oil NJ 5861 Studs ev 45 Uri Pie lst 4s 47 do 3128 10 PAL 5 44 West lot ba 46 West Bs 51 do 55 80 in 94 1 93121 931 31 81 80 80 61 551AL 54 Ve 55 351 56 554 55 201102 102110214's 4110611061106 23107 1106110? 611051105110544 1211081110711011 174051105 105 31 5844 511k 58 61 72 72 2 821 8 8 8 661 24 214t 2 15i 1 144 1 41 69 99 69 1211031103101 91093411081 108 201105 1104 104 12407 1107 1107 31 2141 2141 fq 61 11 11 181 22 2241 21 351 41912 411141 49 1106 10640106 I 1 41 1 41 411 1 90 1 96 9414 451 2211 21 22 601 2 11 3 3 7105 105 1105 i101 1011101 I 63 63! 63 1 109 57 57 57 IA 111 66 65 06 111 9 78 18 11110eyst106110614 541212111214112 431 961 9514 90 1 4 7110211021102 241 96 95i 95 31111034 11014111014 31181 8014J 81- -3110511051105 2404 104 1104 911 47 461 47 601 47 47 47 Ys 311 62 60 62 311 61 5014 51 6104 104 1104 4105 105141105 111111111411111 51 96i 981 96 3110441 104 1104 II 22 21122 I 20 111 8111141 Al 1 111 81 181 NEW YORK April 16 OM A late upturn-in steels an4 Falls put the stockt market Wednesday on the road toward a xtovery from the decline accompanying the Balkan war After numerous shares had droppedlo new lows for the year Including United States Steel and Bethlehem the rally took hold '4B1g steel" finished with a net gain of 14 at 52 while Crucible spurted 3 ending at 39 Final prices were mixed however with utilities continuing on the downgrade as selling persist ed in some holding company shares under the shadow of Integration" plans United Gas Improvement on a fractional drop hit the lowest price record thd this year after the securities commission ordered the company to get rid of nine units Official disclosure Crucible Steel earned nearly $6 a share on the common stock in the first quarter against 6174 in the initial period -last year apparently aided other steels as weU as Critethic Nevertheless brokerage circles made much of a threatened squeeze against profits as a result of rising operating costs and higher taxes Motor shares dibped Into new low ground for 1941 then joined steels and rails on the rebound Chrysler ended 3-8 higher nd General Motors was unchanged Rail loadings last week were estimated to have shown a further decline as result of the coal strike but the larger outlook was judged by analysts to be for irn provement in traffic Santa Fe was up 1 at the finish and New York Central Southern Pacific and Great Northern preferred rose fractions Transactions totaled 437460 shares against 453400 in the pre vious session In the curb market Ileyden Chemica I McWilliams Dredge and Sherwin-Williams were off fractions to about 1 offset by small advances in Lake Shore Mines Brewster Aircraft and Glen Alden Coal Total direct taxes 685420545 667017086 273 All of which was equivalent to 633578 in taxes per employe TN corporation's taxes have increased more than 35 times during its cors porate- life That this problem reaches into many homes of many citizens 4s quite evident when one examines the distribution of common shares of the corporation as follows: Stockholders Holders Shares Charitable religious educational org 291 42055 Insurance companies 73 26070 Other companies 1752 482052 Fiduciaries 5137 472064 Women i' 64010 1939683 Men 83496 2849541 All others 8666 2891787 Total 163425 8703252 In passing it is of interest to note that the 68551 holders of 3602 811 preferred shares have their stock in very much the same propor tion particularly the 35438 women possessing 1164006 shares and the 21 403 men holders of 774588 shares All in all there are 231976 stockholders possessing 12306063 shares both common and preferred to whom the tax problem becomes more serious each day Equally interested in taxation are the 254393 employes to whom was paid 6438621292 in 1940 Thus individual stockholders and 4PITI ployes directly concerned total 486369 not Including the thousands affected by the holdings of organizations and ii 441 Mining Vary Rig fitly FOREIGN BONDS (Sales In $1000) Mengel CO1 21 '1T 2itt 21141 r41 blt "1 V) 0 1 30 tibilti Peet il 1411111 14111 1414 ginaT-Mol 5i 214 241 2itti 14(t)-eisiuet: 1 1 SO SO I 1107 Monte W(11 -30 33 33 1 33 Idurrar 1 31 5 5 5 Nasb-Kelv 31 4 4 4 Nat Biscuit 17 167 17 Nat Reg 2 1214 12 12 Nat Dairy 9 13 12 1214 Nat Stri 1 514 54 514 Nat Distill 11 2014 20 20 Nat Lead 2 15 15 15 Nat 61 51 511 51W Nat Steel 2 piltuplinlyd 561 54a 14 544 Newnt Nws Ship 11 22 21 22 Cent 51 1214 11 12 1 1 251 201 PIPielliii: ill 12 254' 26-': gelltr AmCvt! I 111 134 114 114 Nor th ae 13 ft 1 6 6 1 I 1 Oblo 0011 241 7 Mt 7141 Oliver Irrni 3 15 24 1434v Omnibus -1 7 7 7 1 Otis Elev 5 15 14 15 Si3nVIVII: 4r4 4Itell 4114 Pee 0 121 2 114 44 2t1 211441 Al? Mot Air 13 IR lo4 lo 1 Param do 2 fd 10 Park ie 3 1 111 p' 1 10 10 3A) iv1 Utah 1 1 4 1 aeitihne riI li 10 Tt 3 44 2 21411 rri nnRR 2711 2 25 21 1(41 il I ill II Phil Morris 31 7514 75 75 Phillips 251 36 11 39 PyttniStOrifil '171 174s ii 174! Pr 6t1 Car 14 9 9 9 Proo 6 3 5414 53 54 Pub 8 NJ 51 24 24 24 Pullman 171 26 26 26 Pure 11-- Oil 28 8 8 Radi --o Corp 23 1 4 4 4 5 do ev of 2 7 57 574 14 11 0 6 2 2 Rem Rand 5 1 34 Reo Mot et 11 44 kerb PO 2911 11 18 Revell ft AI a- i Rey Tob It 61 3114 3114 3116 Richfield 01 61 81411 11161 8 Safeway 11 31 3614i 35 35 11 29 I 29 29 itNtl'jerFleiresP lilt 141 -112 1: Ferrel Inc 11 11141 a Eltreacni 121 A3 12Z 13 Stmmons 1 16 16 10 likeliv Oil 131 24 2414 24 Soe-Vse 451 It 6 51 So Cal Ed ill 241 1 241 21 South Pac 671 10 1 113 South Rv 12 12 14 31 314 11i 11 a a 6:6 15 1 3 2 2 si4 oil Cal rir it 11 at 4 Oil 1nd 11 a -4 $id Oil NJ 31 74 114t 14 rv liW gl A Mud Go? 71 0 VA :14 lionatilno 14 it 0 0 suorhsater 31 15 1514 1514 Swift Co SI 2114 2074121 $wift Intl 2 1814 111 18 ex 1741 To 241 373 31414 372 tItt giliA1141 ii 111 141 pl orr pox 1 101 0A I 2111 241 24 wet iY-A Oil 111 04 311 1 rt tp :72 TirmanKlanmeler 1 14 4 4 4-4 Trani 1 1 0 l'imkD A 2 12 1 12 Tri-C Cot 101 1 trt 1 'Coder-zit oi 3014 itlig 1 30 LIA Carl 23t 4:1 0214 63 Mg Union Pe 11 7 1 76 61 76 Unit Air Ille-11 1 1n141 11 Unit Aire 34)11 36141 35 1 36 Unit Corb 11 43 1 43 1 43 tinited Cor---' 40113-161 1 14 Ennitrilifirtx ill 611 611 63 Itisens lm 126 7141 0 TAI 14 1111 Lett A 1 1 VA 714 IT': 31 2itt1 2041 21 I 614 -do 1 pf 11 SS 1 ItS 1 Ull Smelt 11 60141 601 601 111 Steel 1151 521 51 1 52 20 lif i 1112011 0141120 I Vanatittrm 7 241 241 24 Itra touven 2 191 191111 1 waiw Co 41 4 4 4 1War Pro 931 3 1 1 3 eitt LT PT 251 207 1 8 1 20 i Wst Air St 11 I libl 16 Wet KIAMfl 14 41 99741 9(141 9074 White Mot 81 131 13 1 lg 14 Wiworth 231 291 20 a Inborn 1 1111 1I1 It 15 19 Yet Ti A St 12Z1 1214 12 Trig 21 10 1 10 30 Iffiest SAT 171 32 1 31 32 -4-- Prim' 411411414114 Zonite 11 1141 11 1 )' 2' 231ti 21t1 il 314 1111 ir4 ti 2114 241 2:44: 11 SO SO 1 so 30 33 33 1 33 3 612 5 612 31 412 4 412 7 17 1612 17 I 1144 13 lit it 281 2g 284 2 15 15 15 I 51 011 Slr 4 4 5 4a 1 0 6 6 11 fl12 fig IN 1 29 30 11112 254 26 161 1312 1312 1312 1431 11 1112 11127 I 1 114i 1IL ILI -1 2 II ii 1I fl 41144 4Itti 414 27 2 1 itt14 2 1144 13 164 104 101 1 3 11 3 12 1 111 i 14 il 84 i $0344 $o214 634 "lir litt nik: io 2t 44 I 3 43 31 7512 7512 7512 251 38 381AL '21 1701 912 9 114 11! 11 14 91 gl 23: 111 2812 26 6a 28 812 8 23 1 bt 8112 512 2 11 2 irt 11 291 18 1 17 18 Al li 111 31 644 39 29 Fti 69 9 3 13 16 24 AlleMb 287 an51 241 37 38 37 LI a41 MLitt 11 2: I 2: I 2: 1 1:1 641 641 351 2 I1 1 111 :72:11 11 414 44 a 1 12 12 112 101 1 t-1' 1 2rt 17" -71121 1741: 11 7 I 76141 76 JIIK111 1 it)41 11 43 I 43 '1 43121 42113161 I ill 211 611 63341: "71 it T1 Llt 1 3ll 2itti 24141 21'4 11 881 1 fkR i SS 1111 g3411 trill g31 1420411120121120 44 Ai 114 441 4 a WRDNEMAY BATAS Clayten Sliver 500 et 1514c Combined 1500 at 910 Illurek lintlion 500 at The rtirka tiny cnuanildated BOO at 12e Unwell 1000 at 2c Little May 10 WWI at 3e New Quitter 3000 at Ia Royston 1000 1140 Tiffin Lead 1500 at intla Standard NO at al 45 Walker Mntti 200 at Vic Utah Idaho preferred 1115 at I5 ettitit ALMS (11-2 M) Little May 3000 at 3c: 1000 at 314c New Park 500 at 3114r Tintic Load 1000 at Sc 141 Australia ba 55 141 57 57 57 do 41s 56 111 49 49 49 Belgium 6s 55 11 68 68 68 Brasil 84 41 181 1914 19 19 do a 26411 I 15 33'I 15 Canal 60 1 41 92 92 92 Colton I 1001 11 38 33 33 Danmark 4a 2I 21 46 48 46 Punch liAs 41 21 1 11 91 Ger Gov 5120 65 5O1 9 91 934 do Is 49 43' 11 11 11 Italy 7 1951 51 35 35 35 Japan 01 54 111 604 60 Waloa 5 7I 311 01 01 -61 Roma 1 52 1 11 25 281 25 Pao Pt 40 61 45 431 4514 Tokyo 8124 61 15 WA 4A2141 42 Tokyo 1 Aa 51 261 41 4Q 41 Yokohama as SI 41 441 44 44 Total bond sale Wedossdav $5151550: previous day $7334'500: wart' Imo IL- 570tiown year ago 115062 600 two veers ago 242124004 January 1 to date 11689 339170: year so 4510831050: two years ago 4551624500 Curb Prices 0 Market Quotations wh a ift owommilinmom Mine stocks crawled a narrow course Wednesday on the Salt Lake stock exchange Interest in the mining list broadened slightly to include a dozen issues Transactions amounted to 36900 shares against 16500 shares Tuesday Little May the star performer Tuesday weakened under a wave of profit taking but after 13000 shares had changed hand at 3 cents in board and curb trading a final lot sold In the curb at 34 cents to put the stock up to Tuesday's final price Clayton Silver recoverPd recently lost ground with a MI cent advance to 1514 cents Eureka Bullion made a new low since 1938 at 14 cents off 1 cent Selling unchanged from last pre viola salts were Combined Meta)S at 94 cents Eureka Lilly at 12 cents Howe 2 cents: New Quincy 1 cent: Royston 1i cents Tin-tic Lead 8 cents Walker 73 cents end New Park tin curb trading) 3114 cents Preferred shares of Utah-Idaho Sugar sold at 6985 up 5 cents Unlisted Industrials I Sid 1 Amitod IBusiness and 1Mining Notes NEW YoRK April la A 11)-111Pallowlog I a list of Wednoaday'm troulaactiotsa on the Now York eurb enbatigo: 8foo 255 77 00 73 00 75 SO 44 00 Amoix aux pt4 7 00 Con Wag Mach 220 Utah Fire Cloy fig 00 Utah PAL se PM fie 00 do pld 73 50 SCUT 4150 age 4t gt 71111 a I Cora-Cola 3 91 11 91 3 12 Co Ig Pal 11 12 11 Col 0413:1 4 3 3 3 Com Credit 3 27 26 28 Com Poly '14 10 0 10 Corn A Sou 7 716 716 1111 I Am I Atrer 3 25 24 25 ilri 11 34 1: L314 lal do pt 2 1041 101 4 Cone Oil 331 5 51 but Cont carp 31 13 33 Cont Bak 01 litNa 11 131 11 it 1: ki do 8 3 4 Cont Carl 121 35 34 4 i Con 0 Del 131 1911 39 19 MI Corn Prod 51 454i 45 45 do pt 90170 170 i170 Coty me 7 I 44 414 Crane Co 41 13 1314 IR rrla'traYrZ Vi ItZla lt4 Ilt i ulf -Am 21 4 4 Cudahy Pk 1 1314 11 3 4 1114 Curtiss-0i 4 2 744 1 do IDwast A 44 21 25 23 11544 441 awn D' LAW I liTt: 11 1134 2: 13 '41 ki I 2 2 3 plAal 1 11 It 14 i 11 1:2 143 11:2 Paatirgortk 2131 131 131 1 Yawn Mta 41 30 80 31 1 44 LI Ante-E: Iti 21 21 21's 4 17l IfiglAl '214i 1'11 i ga: 1140I'' 1 1 it 1:01 Itlit 1 11 1114 114 1Z4 ltt 41 1 Ota Pak 31 It t4 Ml 1 a Cable 4 1 Oe 14t On Cigar 1 -10 Atitt4 110 va Tt '35i 35t Gin oplt' I 1 flan 71 Sir alut ar ir i 0 Thai Irgl 11 3 1 1 011Ittle 0R1 tkuwIr pr 0112 11 tr- MI GAndY 111 li Ill 1 3 11-a'-1-i1 Grah-PA ii 4 41 4 111 Ill- 1 oranby city 1 0 et 131rt 13 13141at CR Ity 10 241 24 1 24121 s--ma Grybotund 40 10 101 10- 14 --M- 1 1 I i Harker Pr 31 Mit oD'es 2011 Mere Powd1 1: 69 0 gt1i9 1 Holly Bug 21 12 12411 1'214 Homestko 31 4514 45141 45 11 A IL 1 Bow Rd 31 9 29 2914 klud Mot -11 3 3 3 111 Contrail 11' I 61 714 IA Ind flAyon1 '3 23141 23 1 2314 Itignan3 1 l' 98 1 98 I 98 114 1 hitt Cop lit 1 I 11 lot A ch 21149124411)14iltis Vit Int Harv 31 45 el int 3111 A 3' 4 I 2454 Int Hick 4 1 -4 2 1 nt Bhp I 11 271 17 I 17 nt 't 4 341 3 I Ms Int --D Blrs' 2 71 7121 1 I Jityibil W-81 8 10 1 10 1 10 usb SA Jh-Man 2 55 55041 55 leb I 1 1 1 I --k-- I I STOCKS (Salim In Mundrods) I'M filth I Low I Cl000 4 114 47:: 111 1- ki 14 112 4: 4i oo 11! Vil 111 1111 1 Curb Askod I Sid 4-20 24 50 140 00 10 38 15 00 35 II Arn ita a it gur oommem I 4 08 First Security Corps 24 00 Ittah Moms Firs Ins 138 00 Utah Oil Ref 10 15 Mountain Furl Purply I 5 75 Utah Southern Oil I 28 1 10 to 15 roots under Standar beet flitter bulk fed wooled western lambU $IO NO IPP 10100: few best loads 1111 00: tumors' pound shorn westerns 50: mid na Peed oaths Puri tombs St0 MI 13 nO: few itowa moistly natives $11t0 down to 25 and below: twisty's trade foil iambs OPllititt Meade to stem: boat RS to Oil I unitid fed wooled westerns early lig to II In: several summer shorn Onefirill 1075: Sew oath' ennuis limbs en sale: odd heed M0001250 Sew natty swim down from $725 Salable eattig 100: tale's SO viol noulth don on medium leon's to mak a market tiMnine 25 rents tower except on chotee kinds: YeafitnIX and Ilint stetrit steady and Intle chant ftel rood tn choice light yearling betters: weighty heifer 10 to 15 rents lower tiro selthe light 'tette end Yearlings Sit fitli 1340: 111430 bid can choice to flees rnedt um wieshts: killins quality irnOrrieetlf -hipper demande Mow: beef eows stow but cutters ftrm: weisbte eows MO it to 118015: firm market ea bulbs: fieetep sausage offprints to $535: "realer IstadvMostlY $1200 down with light offerinta 190001075 LOS ANGELES April IS Paiabit 1019911 400: early ales about teady but bulk unsold: medium to gond 170 to 210 pounds 05: early top 111015 on few 195 to 220 pound few 300 pound 1000 parkins sows $710 ter 8 00: stags to S700: feeder Puts 8830 0 102 700 very Mow: tiarty Sales steers and she Mock about tead but amino bids tower on steers: load good 1146 pound fed teem 11133: lighter load held higher: few steers $1123: sever loads held $900 and above rewr Mexican feeder steers $900: few good cowl $875 dairy taws $47307 73: Oeld bead tit 118 00: cennrs and gutter $5 50er700: bulls In SS00 150: ostly nester to $142: few calves 111000111100 choice inching Nbp--italebl none: eta sales holdewor lambs equine iambs: nominatly igeotiml around 1110-15 Ill 1 1 23 BONDS Holly Sugar 42 1102 99 )103 09 lig '021 Arizona Copper Program -MIN 131131 Am Super Power 11 poll Aircraft 131 15 111 15 Punkt? Hill 41 2: 11 11 1114 Cilia" lorvic T1 4 la 4 4 Ka Ef14113Toritie Sest a 33 "14 '3 goo 111 4:111 Gulf Oil 31 29114 29 4 29 facia Mining 11 5 541 5 Humbitt Oil 51 53 51 53 Int Petrol 11 9 9 9 Jones Lae Stiel 3' 26 26 26 Lakey Fdy 4 4 4 Le Tourneau 11 29 29 2924 Mount City Cop 4 2 2 2 Nat Sugar Ref I 11 8 8 8 Nat Tun MIneal 1 2 Nice Hud Power 21 2 1 144 2 3 Niag Sh hid 3 2 111 1 3 1 Pentiroatt 1 11 2 Phoenix ite 0 2t 51 5 51 Sherwin-Wm' 11 68 512 55:4 Singer Atli 3211024 10214 10114 Technicolor Trans-Lus Unitod Gas I li 1 1 trotted Lt A 1 UtahIdaho SUM 4 3 24 24 Utah 1 ptd 25 741 74 74 Wright Hart 11 3 3 3 I 1 Bank Clearings Tuesday's bank dbil Pam day ear ago 334535800 Wednesday a bank elearinga 310003783 Sams day year ago 273031005 111 Itt 1 14 Rails Feature Dull Market DOMZSTIC RONMI (ales In $1000) Total fair Wedoenday 431400 attarea provIone Oat 4hrt400: week lige 'tear aim 002010: two veins alto 4301 Janoary I to date Skanft120: vette ern 3656498 two years ago 19033 367 Royston says: The stock mit ket Is bossing occasional reMstg ance without resiliency The rallies soon flunk What the market needs Is an incentive to buy supported by confidence We may not see that fortuitous combination for a ions Urn Selling will continue Magna Copper company of Arizona reported lint-quarter net profit of $387193 equal to 95 cents a share compared with 8341308 or 83 cents in the first 1940 quer-ter 'Anaconda Copper Mining tom- annual stockholders' meet! Wednesday at Anaconda Mont was routine with John A Coe Maurice Newton and William-D Thornton reelected to thretyear terms as directors United States Smetang Refining and Mining compsny Ls driving a new incline and' into fleW ore ground through the Star tunnel In thr4astern Park Oty district et' The Snyder mines cyanide mill at Mercur handled about 12000 tons of low grade gold ore at rnonth from their operations About 2400 tons of base ore were shipped to the smelter Walter Gifford president of the American Telephone Tele graph company revealed at the an nual stockholders' meeting In New York Oty Wednesday that the company is striving to find sul Mutes for such critical defense materials as aluminum nickel zinc and magnesium "We have already made some real progress and we hope to go further" he said Possibly by the end of the week the first of the railroad earnings statements for March will appear The reports as a whole are expected to make a cheerful comparison with a year ago Class roads report a gain'-of more than 26 per cent in gross revenues for last month as compared with the same month in 1940 Even pat senger revenues Increased al- though naturally much less than did freight income Am PAL 2010 63'100 110044 (IMPS Apr Ao 00 3 00 00 00 emit 414111C fic 504 OW 0714 00 0714 YIN be MO 181 et1111 0 it 46 00 111 1 be bA 9 1011 11031104 Nat 1 bs 1 2010 8 111041414041411001141 Nee Cal FA 52 501 541 971 94411 81 Eng (MC 010 MO 3 01 an 01 Pao 1 ba an at 00 0012 00 Pim MAC 41' 0114 111041411041411104141 Puget ad 1 1 514 1949 9'102 11011102 do 414e MO 1) 4101 1001101 lit tia 2022A 11109 1109 1109 Wont Newsp Ua 84 1944 11 13514( 1134 Total stork salve Wednasday 40000 shares: year ago 2114023 Total bond snipe Wedoenday 9900000 yar ago 21078000 81011TH SALT LAKE April lig (USDA) ---lions---fteceiptik 1252 including 1040 through and 22 for market strong to 15e higher top $9 38 on boot IRO to 230 pound butchers heavies' and lights selling from ga fifity 910 Snicking gown 118 00 le 7b0: tinnier pigs bringing ga2Mitals0 Cattio-o-ktoyelpta 239 inclin ing 103 litcaults for market and 111 direct good tcueltedin beef steers brought 11950 01000 no other kinds 'Old early' come mon to medium kinds quoted $725411150: medium to good slaughter heifers 1 350 1E50 common kinds $785 down: good trucked-in cows $7000835 cutter to medium $8000700 canners down from $575 medium to good venters brought $110001250 common kinds $900 down Shoep--lectipts IC ineluding 17 for market and 53 direct odd small iota Choice truckedin fat limit brought 11150 gond kinds $10001025 Common bind' 1850 OnDigtg April IS (1180A1-Hotte---tset tote 385 including 100 for market and 285 through early small supply steady to 1e higher: about truckload choice 180 to 230 pound butchers 6935 good to Oinks later arrivals valued at $925 35 for bulk light- and medium weights below 180 and over 230 pounds quoted 88850910: extreme welpmts ranged down to 6860 and below Packing sow 8725 down Cattle---Itseelpts 420 Including 80 for market and 340 through: very few cattle on sale early few mixed offerings and Thursdays late sales quoted steady at week's level good steers seams rated moody at $87501000: common to ma dium kinds brought $750Piort 50: bulk tirieditom to good heifers $82509 25 -few to $950: common heifers $800 down good cows $7000800 gutter to medium 11800 SP875 tanners $575 down medium to good bulls $84007015 medium to chOtcs Veal calves 111050 0 I 350 few common vealers $250 41000: good to choice liaht clock steers quoted $3330 10 23 and aboVe ttlittep---Iteepipts 335 inchiding 2Rn for market and TS direct: nothing offered for sato early and nothing done April IS IAP-11111Al-Cattle ----saishis 21)00 total 2275 calves salable and total 100 early action confined to odds and ends fully steady talking weaker oh ateere and heifers: small tots heifer 1000 down few cuttor to good cow 5750750 odd Mills $800: vernier 1350 freely: load atock cows $850: stock at ST754" 1000 Sheep-Salable and total 8700: little done few trucked-in 90-pound recently shorn iamb 5840 asking strong a shade higher on fed wooled lambs or around 81085 freighi paid some interests talking steady to weak KANSAS MT Aiwil 16 als-USDA)- Cattle-Salable 2000 total 2300: calves salable and total 250 fed steers slow few early salsa light weights steady to weak most buying interests bidding lower early sales she stock steady -with some strength on lower grades cows bulls vealsre and calves Tully steady: stocker and feeder classes slow steady to weak: minable carryover In dealers' pens: two loads pond to choir light fed steers earl $1125 several loads hold around $1175: choice 978-pound Colorado heifers $1125: medium to good short tel heifers Sii75 01025: Medium to good cows 38750r 775 good to choice 'teeters $11150 1200 few choice to city butchers $1250 Itheep---Etalable and total 6500: Practically nothing sold early opening bids on slaughter lambs slightly lower asking fully steady best fed lambs held above $1065 inOCTle RA91 1111414r10441) A Twit la A --Hogo-----8alahle 200: around 8 to In cents higher: Iwo packges Choice 190 to 20) pound Oregons and California' 810311 -most 185 14 225 poUnd mediums to cond $935 ft 1020: Docking mows $775 01110 Cattle-Salable 25: load lots steers heifers and cows absent mostly unchanged: odds and ends dairy cows pteady: few go TS er 750 bulls S800 (o- 850 Calves-Salable 10: nominal: mod to choice venters quoted 21200411300: slauthter calVel 8900 Ph 1100 Sheep-Salable 1501 one deck choice 84 pound wing lambs 811 50: extreme top: wooled ewes quoted 8600 91 700 ST JOSEPH Mo apill 101 flipecialiSheep-Receipts salable 5000: unloads 8400: slow: no load lot sold indication' around steady on beat wooled lambs 101 pounds down these bald at $1070: talkie'- weak to -lower On heavier weights and kinds lacking finish: also on clipped offerings: spring lambs and sheep scarce unchanged CHICAGO April 16 (1410-178DA)--Italable bock 9000: total 13500: generaliV 10 to 20 cents hither than Tuesday's average: full advance on weights 240 pounds sad ilo tool and choice 180 to 240 painds 187512900: top $900 freely: 240 to 270 pounds M558885 270 to 330 pounds te35 0885: 160 to 180 founds 3840 sows also 10 to 20 cents higher: tool 400 to 500 pound wetghts st on ralsote sheep 4000: total 4000: late Tuesday fsd lambs closed mostly steady undertone weak however with Instances NEW YORK April 18 Phelps-Dodge corporation expects' to spend about 924000000 for Improvements and other requirements In 1941 Louis Cates president said at the annual stockholders' meeting Of this amount he said 921- 700000 will be used to complete the large Morenci Aria ore body program which is expected to be In production by the end of the year The company has sufficient resources to carry out the capital expenditure program Cates added Production from the Morenci body is expected to aggregate 75- 000 tons of topper annually which will bring the company's total production up to 480000000 pounds a year be said In the first three months of 1941 Cates estimated Phelps-Dodge earned about 93700000 equal to 73 cents a share after all charges and taxes At the annual meeting a year ago he estimated earnings in the initial quarter of 1940 at 92412- 000 or 48 cents Cates said it appeared the government felt copper should remain at about the present 12-cent price level iltnalcott I 1111 37 3240 32110 114 Kress PP '2! 2314 21i 231 Xmas I It 11 22 12 22 Kros Oroe1 15 2I 2512 25 12 I Lambert '3) 12 17 22 Leh 11 RI 111 21i 2 2 12 1" it" I 1' I 4 i 611 41-14 I a4 Lib-O-1P all 11! 3312 31121 3312 Lib Mr4111 19 5 55iii 512 Lis Si 31 P5 55 1151 112 11 Lork11 Airt 431 20 19 291 Wakes 1nel i 6 30 2911 30 I Vs Lott Inc 1 191 16 16 16 12 Lou a Cl 5 1 I 36 38 36 Lorillard PI q61714 37 174 Lou ilk la Ni :21 117 67 87 12 1 is --m--- 1 Mack Trkn 2512 2512 2544 I Mary ft 11 244 -24i 24 Magma Cl 11 24 24 1 24 Mar Pld IV sh 141 144t 144 Martin GU 71 2612 251 26 la i McInt Porel 11 32 3200 3241 lb Metal Quotations Pettlement prices at Ittati sittettsra reported by the American Antonini ntil 'Isnotis eompany are: Lead it Pic pound: copper cathode 11725c pound NW YORK A prit Writ 34 unchansed LONDON April 18 (AP)--Par 23144 utickanited (equivalent to 242 cents) Bar irold--168a inctianited (entstraloni to $33 S5) Exchange-4403 NEW YORK April 18 Steady: electrolytic spot Connecticut vat-ley 1200: export I a a Now York 1100612 00 opot and near-by forward 5167 it spot New York 843 05 Do: Ease St Louie 570 East At Louts Pont and forward 723 Pis tron alumnium antimerm silver platinum Chinese wolframits and tiomeatk dwelt unchanged Wool Futures YORK April 18 top future reacted in the final hour of trade today 'ander pressure of increased offerings by trade and spot tunnies Prices were higher early on a modest demand which followed local professional support Creams wool futures activity was confined to the October position which was steady on trade demand wool futures closed eincia October 935 bid Certificated grease wool spot 931 trading for one lot Wool top futures closed unchanged to 8 cent lower: May 124 hid July 12111l October lln bid Certificated spot wool tops 1243 bid 36 35 NEW YORK April 18 selected group of railroad bonds attracted buyers at gains of fractions to more than a point Wednesday as other groups dlifted indifferently in a mixed trend The statement of Matthew Sloan chairman of Missouri-Kansas-Texas railroad that "Katy" covered its fixed charges in March before adjustment bond interest was followed by a run up of 214 points In the road's 5s to 28 It was the first time in seven years the system earned its fixed charges In March 01 her rorporates moving up small fractions to around a point Included Pennsylvania General 3si at 95 Pere Marquette 5s at 78 Nickel Plate 4tis at 604 International Telephone 5s at 434 Baltimore Ohio Convertibles of '60 at 25 and Erie 5s at 22 Government bonds were ahead on the stock exchange most 'of the session and several issues ended up with net gains of 4-32nds to 18-32nds of a point but final quotations over the counter varied little from those of Tuesday The new 2s were fairly active at 102 31-32 bid and 103 1-32 asked when trading ceased Produce Market First (instils sweat cretin lb rind quality lb Second quality lb (Net pricee: net discount) PM-GP Large white specials dos Large white extras doz Large tanriards dog Medium white extra dog CREPSZ Full cream trin'ets lb rull cream longhorns lb Pull cream 5-1b sandwich Mat it Longhorns sktstern cured lb Longhorns Wisconsin lb Daisies Wisconsin cured lb CrEiveisnment Freezes Steel Prices as Inflation Check 27 26 25 25 16:12 1214 201A 24 Position of Treasuiy WASHINGTON April 10- 407 hinn of the trenstirr April 24: Rerripts 01797407302: ricpirtiolltures 00530010142: niit baltnr -0221040k 295 92: working balance incliterfl $1471A 243722419: custom" receipts tor mortilk S2205069252: rerelpte tor- twat roar (July 1 0555738057241: expenditures 940390834S 43: excess et expendttnrea S3-846-527776-02: arosa debt $47145 92876986: decrease under previous dav $395436998: mold assets 1224191990 20529 1 Cudahy Cuts Melon CHICAq0 April 18 (1P) Directors of Cudahy Packing company Wednesday declared dividents of $3 a share on the 6 per cent preferred stock and $350 a share on the 7 per cent preferred stock Both dividends are payable May 1 to stockholders of record April 28 These dividends will apply on arrears which at the fiscal year ended November 2 1940 amounted to $21 a share on the 6 per cent and $2450 a share on the 7 per cent preferred stocks -WASIIINQT0iste April 16 itscustomers of which the Leon Henderson price administra- teceral government is the largest tor Issued- an order Wednesday as to the economy in general Wed freezing steel prices at the levels nesday's action establishes if you which prevailed the first quarter like a cooling-off period during of this year vvhich the effect of the defense The action was -precipitated by program upon the industry and its recent wage increases in the Indus- cost factors-mtiy be rationally spiry Henderson said He added that praised" a steel price Increase now "might The office of --price administral touch off a general increase tn tlon 'he said would make a thorthe cost of living and start the ough study of prices and costs in country off on the road to price in- the steel Industry and adjustments fiction" In the new price schedule will be "The action taken Wednesday to made If the studies indicate that freeze steel prices at levels pre- they are necessary miling during the first quarter of A little earlier Rear Admiral 194 should not be Interpreted as Samuel MRobinson chief of the fixing summarily a steel price cell- navy bureau of ships had said that In for the duratiOn of the emer7 a shortage of virtually all metals gt hey or for any set period" Hen- used in shipbuilding was being felt detxml asserted predicted that a rationing system to "Ratner it is an effort designed restrict civilian uses probably would to be as helpful to the industry be applied NEW YORK Anil IR AP) Receipts 10l17279 pound: firmer Creamery: Higher than 92 score and premium marks 12 if1114c: 92 score leash market) 3214c: SR to 91 score 311- 003244e: 84 to fif nrore 2941)11e 2(I2840 pounds: quiet Ptsite whole milk flats: Current mit'ies 19c 175158(t eases: firmer Pacific enact whites: Jumbo and pre miuma 1014 ite32c: specials standards 27e 2711c mediums 244 it 25c CHICAGO April 18 (AP)--Butter Rereints 755374 pounds firm: CTOSITI erv 93 score 324 3214e: 92 30c: 90 32c: 89 31a4c: 314e 00 esttralited earlobe 32c 16175 eases: firm fresh eroded extra firsts local 22c: cars 2214 firsts local 21 44i: care 21 als current receipts 20 4c dirties 114: cheeks 11414e storage tacked tiaras 23e: Mats 2244c Live I truelts: steady to firm: hens Leehorns 19e: geese 1114c: other mires unchanged LO8 ANGELES Mull 19 exehanee receint 15380t minds: cheese 111500 pounds Putter In hulk 34e Candled large eats 251Ac: same medium 24e cams malls 22 12c AUTOMOBILE LIABILITY Insurance 1-5 of a cent a mile Any One Mile You Drive Can Result in an Acci-' dent Costing You Over $300000 CONTINENTAL AGENCY COMPANY PHIL 1 PURCELL Mg Boston Bldg Dial 4-4333 Sugar Market NEW YORK April 16 operations in world sugar futures todliy abrorbed heavy May liquidation in -anticipation of issuance of 254 notices Thursday Late prices were 12 point lower to 1 higher May 75: December 11 Domestic futures were ort 1 to 2 Points with tbe trade exhibiting nervotasiiess over possibility of increase in quotasMav sold at 236 gents and September 240 cents Rows were offered at 338 cents and were reputedly available at 335 but no businCso was confirmed Refined held 5:10 cents 3 closed 1 to 2 13otnts lower: sales 9100 tons: May 239e hid: July 237c bid: September 240c 101 No 4 uncb cell to 1 point lower as ea ll200 ton' Me' 75c bid July 79c bids September 86c bid Potato Market CHICAGO Aprti IS (AP-USDA)--Po 110 t-ars on track 565: total a shipronts 654 old stock sup plies heavy demand very slow market dud and weak Idaho ruseet nurbanks 11 No 1 1150 0i16714 Nettraek Bliss Triumphs 8 No 1 al50: Minnesota and North Dakota Colthiars BO to 65 per cent No-1 qualiy Stits 05c: ear? Ohms 8 commercias 65e: rew stock suorilios rather heavy -id s'oar market weak Texas -504h Pliv Triumph It No II $121 art 31) tier te-k: California 50-1k sack long tchttiess No 1 11130614t ates stack Flour MINNEAPOLIS April 16 AP )--Flour lots per barrel in 98-pnund cotton Pack: Family patent unchanged 54115 0 635: standard patent tinchan gad $5 m) 0 520 Shipments 15675 6 12 16 1216 II.