Salt Lake Telegram from Salt Lake City, Utah • 25

1 i 1 6 Blue Sky Measure Measure Denounced By Ira C. Tichenor 7 1 CURRENT is issues ues of trade papers whose advertising columns are Vf i filled toa great extent with a advertisements verti of prom promoters of companies principally of the oil variety devote considerable rable introduced intro space to editorial denunciations of the blue sky measure du ed in in the in the lower house of congress by representative Demson Denison of I Illinois lj ois Very few of the papers commend any part parl of the Denison Demson bill although all al profess to admit the necessity for the enactment of a a- ff federaleral law as a supplemental aid to the laws that have been cn- a enacted en en- a acted by all al but six of the forty-eight forty states of thc the Union V-It is quite noticeable th that those papers which carrythe great greatest est est amount I of promotion advertis advertisements ments are the most severe in heir their ther denunciations of the Denison bill bil For instance a SouthSouthern rn oil journal which usually carries about twenty pages of promotion advertisements goes into nto a perfect frenzy over the Denison Demson bill bIl Wih With the heading The Octopus Strikes the editorial on von the subject sub sub- ct starts in this manner TheThc handwriting is on the wall slowly and silently the tentacles of the Wall val street octopus are closing about the great industries of the nation The latest move move of this monster is for a drastic federal blue le sky law The Fhe powers of Wall Wal street have decided that too much of the nationsnation's wealth is getting beyond theircontrol by being scattered throughout the nation in various enterprises and in this way leav- i leaving leav leav- i ig ing their own pets on the large exchanges inadequately financed and so the word has gone out that we must have a strict federal blue sky law and compel all al states and peoples tobow to it Representative Denison Jenison was chosen to propose this drastic measure which is patterned after the Webb Webb-Kenyon prohibition law barring the shipment of liquor into states that had already passed I prohibition laws Sc HSe Section tion 2 of the bill bi which provides protection for the large interests andthe stock exchanges as follows Exception is made is-made made in the case of federal or state securities and nd those thos of other governments those issued by federal banks railroads or public service utilities that are already regulated charitable educational benevolent fraternal or reformatory organizations organizations organizations or or- STOCK EXCHANGESEXCHANGES' ANDCERTAIN NOTES The above paragraph itself vs sho the selfish interests of the country's financial kings ings in inI Wall in I Wall Wal street forit makes the transportation trans trans- of stock tock or hundreds of industrial and oil oi concerns into arty any state where their sale is forbidden a crime and at the same time legalizes all al stocks and securities of the New York andother other- I large rge stock exchanges As A stated in a discussionof the Denisonbill bil in this column last Sunday ththe measure is limited in scope to interstate transactions transactions instead istead of bothinterstate and intrastate dealings in securities ties es as provided in i the original bill thus leaving to individual states the care of the situation within their respective boundaries The fact that state securities commissioners representing it is presumed all al of the states which thus far have haye enacted blue bl sky laws took part in revising the Denison bill bi would indicate that the measure is in lineflue with the general intentions of the state blue sky laws asa whole andit is doubtful if the Wall Val street octopus did any of the striking or even put the handwriting 0 on one the wall wal as declared was wa the case by the newspaper quoted There There can ca be no que question 0 as to the necessity for the passage of of- aa national blue blue sky law but as previously decla declared ed the character of the me men behind a project counts far more than the mere outline of the project itself isel and this work of sifting ting must be performed by the te various arloU state securities commissions and in such a manner that legitimate but struggling corporations will wil not be confused with the night fy-by-night nv bv promotions NATURAl GAS TO Tn BE INVESTIGATED Subcommittee Named by Mining Committee of Commercial Com Commercial Club mercal Th T. natural natura gas ca of ot the re- re Immediately north norh of ot Salt Lake City wi wilI be Investigated by a subcommittee ot of the tho mining committee of ot the Commercial club The subcommittee of ot which W. E. JD la ii I chairman was wa appointed at roe yesterdaysyesterday meeting of Oth ththe committee fol tel lowing thetho reading i of a communication 1 from R.

J. Evans Evas former president of ot af the Salt Lake mining exchange expressing the belief bele that by the expenditure of ot not more than a supply of ot natural gas ga suf suf- ut- ut for the domestic and commercial uses In the city could be developed A letter was received frontfrom the board bt governors of ot the Salt Lake Sal stock ex ex- ex change pledging pledging cooperation in the proposed pro proposed banquet to mine owners and operator op op-op- op Orators of ot thetha state H. M. Atkinson and C. C.

Boswell Bosel were appointed a on preliminary arrangements for the event An An invitation from the custodian of ot the ha capitol for an Inspection of ot the state mm min eral ant exhibit was 8 as accepted and and Saturday April rl 1 was decided ec upon as the date for lit waTh the visit The committee adopted dd a res rei ution uton urging urginG sightseeing companies to give tourists an opportunity of ot inspecting the mineralmineraI exhibit H. A. A A Strauss Straus chairman of ot the on data data of ot mines and prospective mines of ot Utah Uta reported that that the had decided to prepare a questionnaire question question- to be sent to all 01 owners owner of ot Queston- Queston mines prospects and mineral minera holdingsholding's of ot every description de- de in leo the state for tor the purpose of ot having the data data available for tor those In Inquiring In- In quiring concerning mining properties in Utah The report of ot the subcommittee wIl will be presented at the next business meeting of ot the full tul committee 1 FOREIN EXCHANGE NEW YORK March arch 18 Foreign I. Foreign ex- ex change chance strong trone Great Britain demand cables cable sixty day bills demand on or banks bank bank 43 1 France ance dem demand nd cables cable Italy Itly demand and cable cables I Belgium demand demand cables cable 85 Ger Germany demand 3828 cables 35 Holland demand 39 cables cable Norway Holand demand 1746 Irn Sweden demanddemaud 2630 Denmark lemand 2118 Switzerland demand 1961 Spain demand 15 1661 Greece demand US Poland demand 02 Czecho Czecho de demand de- de mandInand Argentine demand Brazil demand 1412 11 Montreal 96 Clo Closing ne rates were Great Grat Britain Britain De- De 13 cables cable 3 De Brtan-De- 60 day bills in a tJ bis I ME XI A THE TUE LAND L. OF 2 BARREL nARRE GUSHERS Free Fe ownership map of Mexia Texas Texas' Tex great geat gusher oil 01 field feld I covering entire field from entre Cor- Cor Corsicana to Kosse drilling wells wels and other oter locations towns railroads railroads rail rail- rai- rai roads rods rivers and a world of or I other data data Also Information regarding a Syndicate paying 5 per pe cent monthly dividends I being operated by two of or the best known and most successful successful success successful UI operators operator In Texas Write today for this free map and In Information Information in- in I formation to SCHIMMEL COMPANY I SuIte 1605 1803 Nell I P.

Anderson A Hide Fort Jort Worth orth Texas PUTS OUTS and find CALLS CALL WHAT JAT THEY TiE ARE emu ij OW TJ TIlE THEY useIn Trading in Wall Val St. St St clearly explained in our FREEKREC No 5451 Co 68 iv kj 1 v. Money Ioney in GrainCrain I 1250 buys guarantee option opton on bushels of or wheat or corn No further risk risk- riskA A movement of or Sc 50 from price gives you an opportunity to take tale Ic etc Write for particulars and free market letter leter Investors DallyDaily Guide Southwest Branch Desk AO Daly 1004 I Baltimore Ave I Kansas City Mo I NING MARCH 19 I I I at at- I 1 i I To those contemplating vestment we submit the foll foll- IngIng list for tor consideration 3 I Argentine ArgentIno Government Es 1 at 7 To D. I Japanese 55 of ot 1947 at Buenos Aires 33 ot of I at att ot Copenhagen 1949 1549 a at 73 J- II I I Grand Trunk ZB 1902 a at at- I Norway Noray 1902 at 56 Sao Paulo Ss S's at 66 I Brazil Brazi os 1908 at 68 i. i C.

B. 1972 at 97 9 Paris I Lyons ons Med red R. Pars I. I 1958 at 83 Detroit os o's 1932 44 4 basbaa s. i basi I Salt Salt Lake roc Ogden Loe LO Angelet I I a a CI 1 We Move Move to Our NEW HOME April 1st it 1 our Monday spacious April new 3 we we will wi be De' open for tor business In offices formerly the of ot bankIng rooms roms 8 Co First South South and Main Streets wh where we shall be glad glad to receive our patrons and E- Sn Sons Investments fie Estate Est Mortgages 38 West Second South Su Street O-Q-O Livestock Market CHICAGO March 18 1 CU U.

S. Bureau of Markets Markets Cattle Cattle Receipts Compared with wih week ago BeetBeer steers largely larGel SOc to SOc I lower ower good choice kinds showing the least leat decline fat tat stock she-stock to SOc lower canners and cutters weak eak to ISo lower bulls buls to off ott veal calves generally 1 lower ower stockersstackers stocker and and feeders feeder to lower Hogs Receipts active lighter weights st steady ad to lOc lower others other mostly steady with FridaysFriday'saverage but strong In spots pots shippers shipper bought bought about 1000 good clearance top 1035 for light and light butchers butcher bulk 25 pigs nominally nominal nominally steady Sheep Sheep receipts receipts today's toda's receipts receipt practically all aU to packers packer direct Compared Compared Com Compared week ago Fat Iambslambs mostly steadyeady spots higher fat tat sheep to 70 higher shearing lambs about steady KANSAS CI- KANSAS CITY March 18 1 U. S. Bureau of ot Markets Cattle Marketa Markets Catte Cattle Receipts For week Beef steers steer mostly to lower top heifers helter steady to ISo lower cows steady seady to strong canners bulls buls stock COW cows and heier mostly 60 50 to 00 lower stockers and feeders mostly ZOo lower stock calves calve steady to SOc lower Hogs Receipts hogs Receipts 1000 packers took all 11 of- of rings f-rings at prices steady to 10 cents cent higher han than yesterday esterday bulk lights and mediums 96 95 bulk of ot sales ales a liberal supply of ot southern stock pigs sold at 7 5 0 80 0 Sheep Sheep Receipts Receipts For week Sheep to higher fed lambs steady to 18 lower top toO 1600 i 1 feeding lambs mn n. I n.

lower OMAHA IJA OMAHAOMARA March larch 18 U. S. Bureau Bureau of ot Mar far Receipts Hoge Hogs Receipts active Sc to higher top 15 bulk Cattle Receipts Cattle Catte Receipts Compared with week ago Beef Beet steers steer mostly SOc lower stock she-stock ISo to lower bulls buls about lower ver vels SOC to lower stockers and feeders lOc bc to lower Sheep Sheep Receipts Receipts none Compared with week ago Lambs steady to lower sheep and nd ye yearlings to SOc higher feeding lambs about lower SALT S. TAKELAKE Cattle Receipts Cattle Receipts 49 market strong trong A Amand te mand good Choice steers good steers steer fair steers choice cows andheavy heifers helter 4 60 fair to good cows and heifers heifer heler 3 35 Gu cutters 2 canners fat bulls buls 50 bologna bulls 1 2 light veel calves calve 00 buls Hogs Hogs Receipts Choice prime top fat hogs hog 16 totn pounds pound 9 80 bulk of sales feeders 26 Sheep Sheep Receipts 13 market steady teady demand de demand de- de mand strong Good choice lambsIambs U. 1200 choice yearlings 00 fat wether 6 fat tat ewes ewe DF DENVER VER DE DENVER ER March 18 a- te I- Receipt Cattle Cattle Receipts steady steers steer 6 cows and heifers heifer stockers and teed feeders 1060 1050 bulls buls calves en 60 Hogs Receipts hogs Receipts lOe bc higher top bulk Sheep Sheep Receipts Receipts steady lambs ewes feeders lambs I Ings 76 wethe i hedeT 6 sl 9 00 SUGAR MARKET I NEW YORKTORK March 18 The The raw sugar market was wal strong with spot prices unchanged un un- un- un changed at 2 for tor Cubas Cuba cost and freight equal to for while April shipment was 1 11 higher at I lOc 29 21 Apri costcoat and freight equal to There were sales saie of ot 1000 bags bag of ot Cubas for tor April Apri shipment ship chip mentmeat to an operator There was continued strength and activity in rawsugar futures owing to the firmness in the spot market and ci closing Ig prices I were 1 15 points net high high- her May Ilay July September December 3 Refined was firmer and unchanged to 10 points point higher with wih finegranulated listed at The The- demand Is active for both domestic and export account Refined futures were ere firmer closing 10 points point higher high high- eror May July September COTTON MARKET IARI NENnMarc 18 Cotton l.

Cotton futures future closed barely stead steady March 18 May Hay 17 July October December De Be- cember 16 i De-j I Spot quiet l. I fH f- GOL COLI REX REXI Will PAY Disbursement of 3 Cents Per Share Announced Aft After Change Call Cal The declaration of or a cent 3 dividend by Columbus Columbus totaling was was' one of or the favorable developments of or the local ocal stock stock market during tho the past week The official announcement was made afterthe closing session of or the week weel but butt I It hadbeen discounted been discounted for several lays days resulting In a good advance In the price of or thestock stok Another feature of or the week but of or a different character was the free selling movement In Tintic Standard caused by- the by by- the by- thethe bele belief afterward realized that no dividend would be declared for the current current current cur current quarter This stock continued as a the center of or Interest yesterday The offerings were sufficiently well wel taken to prevent more than a further decline of or 2 cents the stock closing cosing at after aCer sales of 1300 shares ares Walker was the strongest of the higher priced stocks selling at 3 and closing with 30 asked against bids of or Silver Siver King ICing Coalition Coalton held at about Fridays Friday's Fridays Friday's Fri Fri Fridays day's figures while Consolidated lost a cent 9 Columbus Rexall Columbus Rexal continued to be the strongest of or the medium priced shares and alsoof or he he AleaAlen 1st list TheTho stock made a further gain of or a cent but bids of or failed to bring out any stock Utah Michigan-Utah lost a cent while Alta Ala Ala- I Tunnel gained gaine half haI a cent Bingham Galena came In for somesomo at attention attention at- at tenton as the result of the announcement announcement announce- announceannounce- ment of or the assessment of a cent a share The stock sold to the extent of or shares and at theminimum and lowest price of a quarter of a cent St St. American Consolidated 1 1 a continued strong selling at Ic for tor 2000 shares North Standard held at Fridays Friday's figures but for the first time In three weeks there were no transactions Local Listed Stocks I 1 Bid I 1 Asked Michigan Alta Ala 03 0701 AHa Alta Con 1 08 06 0701 Amer Con Mines 03 04 Albion Con 10 11 American Metal 1 Co 01 03 Aha Alto Tunnel Tunnel Addle Addle oi 13 25 Bullion Bulion 02 03 Dig Big III 02 02 03 Big Cott Coal 05 Beaver Copper OO 00 OO 00 flay Bay State te 01 01 04 0 Metal 08 11 1 Galena 00 00 Columbus Columbus Rexal 33 3 34 Colorado Con 04 06 Cardiff I 05 Daly 1 gr Daly Vest Vest 01 02 Empire 03 04 Eagle BlueBelt Bel 01 Eureka Mines East But Crown Point Point 02 02 East Tintic Coalition Coalton 01 01 East Con Con 08 Eureka Eureka Lilly Liy 07 on 08 Eureka Bullion Dulon 04 08 06 Gold Chain 06 05 06 Grand Central 47 41 62 52 Great Western Vestern 04 Galena 01 hamburg OO howell Howel 06 05 06 Iron Blossom 20 21 Iron King 06 4 06 Judge itt 1 S. Keystone 11 11 06 07 tl Lehi Tintic IC 4 02 Leonora 01 02 01 2 Lynn Big Six 1626 25 r. 02 02 Mammoth 26 May Day Day OO 00 01 Utah Michigan Utah 27 21 28 New Quincy 06 06 05 35 North Standard 05 05 06 16 Prince Con 07 OH 08 Bristol 00 2 01 Price Mining 04 06 Iro 03 Rico Wellington 10 20 South Standard Standard 10 12 12 Sells Syndicate I te Ht Silver Siver King Coal 21 20 Sliver King Con Con 4 42 46 SilverShield 02 02 Tar Babyflaby 1 02 02 Tintic Central oi 01 oi Tintic Standard Union ChIcO 0 18 05 Zuma Zuma OS OS 09 OPENING SALES American Consolidated Mines Mine 2000 at Alta Alta Tunnel at a Bingham Galena at I 1 C.

Columbus Rexall Rexal at Colordo Colorado 4 c. 1000 stat st- Emma 4 1 c. Emma 1000 at 1 c. at Ic Iron Blossom 1000 at c. 5 Leonora Lenor 1000 at lay Day 2000 a at lcic Michigan Utah at New Quincy 1500 at Prince 1500 at Silver Siver King Consolidated at Tar Tr Baby 1000 at c.

Standard at 1 at at 18 at Walker nt at Alta Ala Consolidated 1000 at Or East Crown Point 1000 at INDUSTRIALS Utah Idaho Sugar at 85 10 at 81 1 investment Securities h. UI I BANK STOCKS I Dd Bid I Asked Trust 1 1 Columbia Trust Deseret National Deseret Saving I Firt Nat or of Ogden Bank ot of Rep Copper State DankBank Utah State NatI Nat 1000 Utah itah Savings Trust Walter DrosBros Bankers Banker Zions Say Sav Tr Tr Zions SaY SavTr Tr INDUSTRIAL STOCKS Sugar com 2501 mal Amah Sugar pM I Sugar I on tg Wagon ugar 64 Home Fire Insurance c. Independent Coal Coal 45 60 i Can 9 4 tit State T. Sugar corncom S-J 85 pfd Standard Coal Coal 6 50 Utah Idaho Sugar Utah Fire Clay Utah Pr Lt lit pfd pd cx div I I. I West Cache Cache Sug Sugar 1100 11 Fuel 71 pM 76 I Walker Bros Dr Dry Goods Good BONDSDONDS 8 S' Exchange 6 Standard Coal Os 6 1924 1124 Utah Pr Lt let Os 1944 Utah 4 1930 I Utah Sec ec 69 1022 2 UI II jam I I.

I i 1000 MINNEAPOLIS I MINNEAPOLIS March 1 18 Wheat Re Wheat Wheat Re 13 cars compared with ear cars year ago Cash No 1 northern car May Jul July Corn Corn Corn No 3 yel yellow w. Oat Oats Oat No 3 white 33 34 c. Barley Barley SO 50 Ole Rye Rye No 2 Flax Flax No 1 2 Flour Flour to 80 lOc higher In carload lots family patents patent quoted at a a a. bar barrel barrel bar bar- a rd rel In pound 90 sackssacka I Brank Brank 24 Salt Lake Clearings Toa Today's bank debits debit SAL SALT LAKE LAKE TELEGRAM New York rk Bond and ad Stock Maket Markets Market NEW YORK March March 18 Price Price changes changes I in the stock market today were confus- Ing conus- conus Ing although higher pricesprevailed among the popular issues s. Reading Mexican Pe Petroleum Petroleum Pe- Pe Baldwin Locomotive and several several of ot the motors while motor were under other stocks of the same descriptions were steady to strong New YorkCentral re reflected reflected re- re further substantial support and Independent in independent independent In- In dependent steels notably Midvale Republic and Sloes Sheffield strengthened Coppers Copper extended recent advances under lead of ot Anaconda Anaconda and American SmeltingSmelling Hide and aM LeatherLoather preferred and Endicott gained one and two pointsrespectively Tidewater Oil 01 recovered part of ot yesterdays yesterday's 's sharp decline The rhe closing was Irregular IrreGular Sales Sales approximated shares Liberty issues were active and sid at best prices prices of ot th tha week during today's today's short session Most other domestic bonds and the popular foreign Issues held or extended recent gains French rench 1 sand and Os 8 were at new high records for tor the current movement and Argentine Ar Argentine Os also strengthened New York Central debenture Chicago Eastern Illinois Sa Ch Ohio Ohl convertible 4 Its a and Ind American Smelting Os ls made al advances Moderate concessions were registered by Reading 49 and American Telephone Ge and local tractions were re Irregular New York Bond Market NEW NEV YORK March March 18 Following 18 Following are today's today's high low and closing prices of ot bonds on the New York stock exchange and the the total sales in 1000 of or each bond UNITED STATES BONDS I 1 I Sales I High Low ow I Close Liberty Liberty let 4 61 Liberty 2 Liberty 1st lt 6761 I I Liberty Liberty 4 1244 98 0 Liberty 4 I 1946 I Victory 3 16 VIo Victory FOREIGN GOVERNMENT STATE AND MUNICIPAL 65 5 6 84 1 84 City or of I 8 69 6 1 8 5 8 4 I 8 SIti 5 I City or of 5 h.

9 I 90 OO 90 I 00 City ot of Lyons Os 33 86 84 86 ity ot of 1 Os 61 7 71 86 86 86 85 4 Cityity ot of Rio Janiero CC Os 1211 1102 City ity ot ofZurich 8 1 12 12 Danish A I 1 Dept ot of Seine 22 II 93 92 93 DomBorn ot of Canada Sc 5 1931 98 9 96 98 98 96 DomBorn ot of Canada 5 notes 99 99 Dutch East Indies 6 French 1 French Is 8 Jap ap b. 15 76 75 74 74 Kingdom ot of 6 I Kingdom ot of 4 I King ot ofDenmark I I Ge 2997 9791 I 1 97 I Cing ot of Italy Ialy Gs 1 95 95 96 05 95 95 I King ot of Norway Os 10 0 lB 10 King ot of Sweden Cs 6 6 1 Rep ot of Chile Chie 8 Os 1946 14 18 Rep ot of Uruguay Sc 3 1106 State ot of I I 75 I 5 1108 Swiss wiss Os 8 14 16 1 16 15 UK I 6 I I 1922 I 1 1929 IC I of nt DB I 61 I 19371931 61 I 09 99 9999 ot of Brazil Is 8 37 I of at Mexico 4 1 10 4 1 44 4 44 4 I ot of Mexico Se 18 5 67 57 RAILWAY AND MISCELLANEOUS BONDS Am gr Chem Cher 1102 Am Smelter 6 26 89 89 89 Am Sugar Os 61 31 98 98 08 98 Am col Os 7 7 95 95 05 9 96 95 Am cv S8 15 lU 16 Am Writ Pap Is 71 2 81 8 81 2 81 8 AU Reng BethDeth Steel ret ref Os 1 1 91 91 Braden Copper 6 96 96 96 i 19 19 Can Nor 2 Can Pac deb 40 17 11 7117 77 77 Central Leather Is 5 396 9 96 Cerro dode Pasco Paco 31 1151 lH lIlt 13 ref Ss 221 97 96 96 It I 4 7 79 79 79 Chile Chie Copp 68 50 86 86 85 86 Colo Cob Industrials Os 5 6 5 72 7 72 1212 72 Cob Colo So 10 rig rf 4 s. 2 8781 87 8781 Cuba Cuba Cane Su cv 2 85 86 55 SO Cuban AmerIcan 8 4 lOG 10 I. I Ii 0 ref Os 6 46 4 45 4 46 45 do Imp Se 5 4 SO 60 80 SOSO 80 Diamond 7 2 1081 DuPont de NoNe 11 Rubber Sa 5 10 I 04 General Elec Eec is 5 17 98 98 98 95 98 Goodyear Goodear 1031 72 99 99 9999 Ut Gt Northern Norther 6 s. 37 3 96 96 96 Gt at Northern Is 5 Inter Papel 5 55 2 84 8 8484 54 InvIncible Oil 01 Os40 4 9791 96 06 96 4 Liggett Ligget Myers 5 I 1 96 959595 Lorillard Os 6 9595 05 96 05 St ity Iy con 55 37 88 88 88 83 88 Midvale Steel Os 5 3 86 8686 Mexican Pet Os I 1 10 Mo 10 gen 45 4 80 63 62 63 do rg Os 6 1923 3 99 99 59 9 99 Montana Power Os 51 I I 94 94 9 94 9 Cent deb Ge 64 1004 Ig Cent col 35 1 4 Nor Is 2 62 62 1 62 02 do 4 6486 85 86 85 85 86 jt it States 6 2 50 80 SOt 89 NW Bell BeH Is 6 0 0 1st Os 2 97 91 17 91 97 1 48 4 0 5 90 OO a 90 OW RRBR 4 25 20 78 7878 Pac 5 0 88 88 88 58 88 Pack Motor 8 12 i lOt lOll RGJIG 1st 4 4 3 1 77 11 77 11 77 11 SL SO SF pM In 4 ser A.

A 7 I 60 69 do Os 6 SO 56 78 7818 78 do Inc 6 6 io 62 1 61 1 62 SinOil 01 91 So Par Pao cv 4 8 89 89 81 I 89 do 41 85 86 50 A SO of Cal 1 13 1 JW ParPac 1st 41 16 DO 90 90 00 90 IO Union Tank I 1 Drug cv Os 4 US Rubber Os SI 86 6 86 86 86 Steel Os 16 Utah I. I Os 1 2 0 DO 00 DO 90 West Vest Pac hao Os I 3 8781 86 8781 Electric 31 11 Total nils ot of bonds today were vere 1266 eon with yesterday and a year ago CHICAGO OEGENERAL lAIn MARKETS TS CHICAGO March 18 Potatoes 15 I Potatoes steady deady receipts 8202 5 cars car total U. S. shipments ratE can Wisconsin roundund whites sacked GO 1 70 poorlygraded bulk bUit Minnesota round whites sacked 6 Idaho rural sacked I 1 85 Butter flutter ter Higher creamery extras firsts 34 seconds standards I 38 31 Eggs HIgher Eggs Higher receipts 14 eases ases firsts ordinary firsts 21 8 21 mis mis- 22 3 22 r. Poultry Poultry Alivelower tow fowls Is springs ISo roosters I Sc I Wholesale Dairy Produce Quotations by Mutual Creamery Company Putter Putter- Case Lots Lot Fresh extra creamery butter In 68 cubes cubes 3 32 32 Fresh Freh extra creamery butter In cartons jsu Fresh extra creamery butter parchment parchment parch parchment prints prints 34 Fresh firsts creamery butter In cartons car cartons tons 33 Fr FreshTresh firsts creamery a butter r.

parchment parch ment nt prints 32 Cooking butter buter in cubes 23 23 Eggs Eggs Eggs- Selected fresh eggs eggs s. 27 27 Ranch eggs jj Cheese Full Ful cream cheese triplets 21 Full Ful cream cheese young AmericaAmericas 22 Full Ful cream cheese 5 6 5 squares 23 flock Block ock Swiss cheese cheese i. i 34 34 Cream brick cheese 21 ZI COFFEE MARKET ARKET NEW YORK March 18 Rio Coffee Ro Coffee Rio No 7 7 9 tutu futures re steady May December De December 9 New York Curb Market NEW YORK March is I. a a- list a- lst list of today's transactions on the New NeW York curb market market with wih sales in ot ofeach issue and the high hl low and last lat prices INDUSTRIALS I 1 Sales jc o- Acme racking PackinG 60 50 46 45 45 Leather 12 1 11 1 12 lInt Bri Amer Tob reg 14 1 14 1 14 1 Chicago Nipple 2 1 2 Continental Motors 7 6 7 Goldwyn Pictures Picture Ili 6 7 Goodyear Tire 11 1 10 10 11 1 do pfd 92 9 90 9 92 ld Rubber bb gg 8 7 7 Libby McNeil 5 5 6 Lincoln Motors 2100 2 2 2 5 Radio Corp corn com 3 3 3 3 do pd 3 3 3 Tobacco Products Products' 6 6 6 Todd Shipyards 76 15 7616 76 75 Un Profit Sharing 1 1 1 1 Un ln Retail Candy OO 6 5 6 I 5 STANDARDOILS Anglo Amer Oil 01 17 1 Buckeye Pipeline lne 92 92 10 92 92 2 Imperial Oil 01 Can Can lOt Indiana Pipeline I 30 SOot 0 ofIndiana Indiana 88 8 i 08 Ig i Vacuum Oil 01 20 36 36 3 1 INDEPENDENT OILS Boone Oil hR 17 15 Boston en Wyoming lyo I gg 77 Cities Serice Service 2 I CIte do 21 It 2 Con Refining Co 3 3 3 Cosden Co d. 4 4 4 H- I Engineers 64 63 64 Oil 01 1 1 11 Pete 3616 4 15 1 16 Kirby Pete 2000 2 23 I 23 23 Lyons Pete 3 06 derritt Oil TOOl 12 I I 11 Mexico Oil 01 3 1 I 2 2 Midwest Oil 01 2600 I 30 10 Mountain Prod 11 I I 11 11 1 Nor Oil 01 25 26 25 25 23 Ohio Ranger 11 I 10 10 Salt Sal Creek 1200 14 1 18 1 14 1 Texas Texa Oil 01 Ln Land 74 64 65 MINING Boet Mont Dev 43 I 47 47 Cal Cal leroe Jeroe 4 24 I 1 20 20 Canada Copper 2000 20 20 20 Of Gt Florence 1000 23 2 23 I 23 I mdIndLead Mines Unes 2018 15 I 20 lagma Copper I 29 cit 1900 81 8 8 Nati Nat Tin 2000 4545 4 Nevada Nevada Ophir 1000 50 4 I 60 50 6 I 6 6 4 Tonopah Div Dv M.

1 2100 61 6 61 6 61 Ton Ex SI M. 1400 11 1 1 1 17 Verde Ex I 28 I 28 1 28 West Sest End Con Con 1 il 1 1 1 BONDS Aluminum Is 1033 1102 Am AmIT Cs 9 Am 6 19 1024 9 Am Tob 1923 3 Anaconda Anaconda Cop Ga ls 28 48 DS 09 90 do Is 19291029 9 Armour Co Is I 1 Col CoI Graph Os 81 I 3 39 30 15 3 39 Goodrich Tire 8 5 IH 08 98 Manitoba 7 7 93 13 3 Sears Is 1021 16 1 099990 SO ot of NY 1028 I do 7 1929 10 do Li 1930 1030 6 Vacuum Oil 01 1 14 1 Warn Sug 1 IDU 1041 10 96 06 08 16 96 West Wet Elec Is 25 OG FOREIN FOREIGN BONDS Argentine Is 1923 1023 80 98 Swiss 51 SAs S. 1 13 I Wall Street Quotations Furnished by the Harold R. Smoot Co Bid Dd Am Woolen 86 88 8 8 Am Sumatra Sumara 34 31 331333 33 I Allis Chalm Chalmers' Chalmers 47 47 47 Am Beet Sugar 43 3 43 4 43 Am Can Co 41 6 4 Am Car 16 Am Cotton Coton Oil 01 6 26 26 Am Int 41 4 26 43 Am Linseed 3 4 33 33 21 Am Loco Am Smelter 64 63 03 63 03 Am Smelter pOd pd 1 9696 96 Am Steel 33 3313 1 31 Am Sugar 1 3 73 Am 4 T. 73 12 7 11 Am Tobacco Ajax Rubber 17 11 1111 1 17 11 I 11 In Anaconda Anaconda 52 52 02 I 62 52 97 I 97 All At Gull Gul 30 29 97 29 Baldwin 2 9 Bait Ohio Ohio 8 15 37 31 BItT 18 13 18 Butte 26 s.

26 lI lI- I 26 Calif I ep ns I 76 76 Cal Pete 1 52 Can Pac Pac 52 51 Central Leather 38 35 38 18 Cerro de Pasco 36 36 35 38 15 Chandler 75 74 74 8 0 61 61 7 1 7 61 Chile Chie Copper 1 I 18 18 I 18 Chino I 1 29 1 28 I 28 25 Corn Cor Prod Prod 1106 Crucible 50 54 66 55 Cuba Cuba Cane 17 17 In 17 Callahan Calahan Zinc 7 1 6 1 6 6 Fisk Tire Tir 17 11 7 6 17 Erie Erie 10 10 10 10 Famous Player 80 80 4 Motors 10 10 10 Goodrich 10 40 0 40 Asphalt 60 60 60 76 74 Greene nC 1 I 7 26 Houston es 75 Motor 1 mdInd Alcohol 1 47 47 I 4 Inspiration 41 42 Int Paper I 4 I 4 Kelly Kely 46 46 45 40 I 30 30 30 4 Lacks Lacka Ste Steel l. I I 48 Lee Tire 34 34 HS 34 Middle States 01 13 14 4 Mex lex Pete Pete 1 Miami Sn I Steel Stee 32 28 12 12 12 12 Mo Pac 22 21 22 1 Montana 66 65 New Haven 17 NY Central 86 06 04 86 8 Nevada Nevada Cons Con I 1633 16 1033 Northern Pacific 11 77 2 Ontario Silver Siver 7 6 Oil 01 50 49 33 49 Pan Pet 4 56 Pierce Arrow 17 17 11 17 11 Pure Oil 01 33 33 Punta Alegra 1 I 4 42 Pressed Steel Car 70 Pullman Un 18 Ray Ray ConsCone 15 10 16 Reading 1 1 74 74 1 Republic Iro Iron Steel 1 1 Retail Stores 46 46 51 Replogle Steel 4 32 2 Royal Dutch NY 63 63 03 Ry SprIngs 03 96 5 SOot 11 Sinclair Oil 01 2533 25 24 Southern Pacific 06 85 86 24 Southern Souther Ry fly 2133 do pfd pd i. i i 21 21 2113 St Paul 23 23 do pfd 23 Studebaker 31 4 Sear Sears Roebuck 1031 72 71 72 fexas Tennessee Oil Copper II i 1 7 1133 11 7 01 44 Texas Texa Pacific 33 I 33 Tobacco TobaccO Products 63 63 33 Union Pacific Union Oil 01 ot of Del Del 14 19 13 18 18 US Food Products Product 6 5 1 US Rubber 6 63 0 6 Smelting 38 5 3731 6 2 Steel t. 95 96 37 do pfd 9 Utah Copper 1 66 1 11 64 11 1173 64 Utah Securities 16 15 6 Va 1 Chemical Chemical 10 1 Vanadium Steel 39 Wabash Western Pa Pacific ii Western if Union 97 1 n. 67 57 67 57 I I Overland H.

6 7 71 VI ol 40 Total sales shares Assessment Notices LehI 10 SOds 1 11 lId 31 TarTor BabY 10 10 Apr 8 Copper Copper Apr 5 3 Apr 25 23 Ich 13 Apr a 3 N. 10 lob 1810 Apr 3 SyndIcate 1100 McI 13 1 Iron a King 10 ho 18 15 Apr Apr 1 Junka Bullion Hulon Ac 0 Mel Mel 18 Apr 1 Crown Cron In Apr 34 Galena IeIc Apr pr 1 22 May May lIay lo 10 10 SUNDAY M- I MOI MO MO- i I i- i lOlL OIL IN TWO TO UTAH FIELDS TENDS TO REAWAKEN INTEREST Announcement made mad yesterday that tha well wen oil had been encountered in the 01 being drilled by the Crescent Eagle Oil on In In- Grand In- Grand in- Grand company on the Crescent structure Grand county following the striking of ot ot- an an oil countY sand in the well wel of ot the Castle Castle- Catle- Catle 01 an dale Oil company on holdings of the Hill Creek Creel 01 Oil on and Refining company I Hi in iTt Uinta on thetho Hill Hi Creek structure Uinta basin has resulted In a a reawakening of ot interest la in thothe oil on possibilities pf qt the sta state Telegram reports reports re reports re- re I As stated ted In yesterdays yesterday's Telegram ports of ot the development of ot oil 01 by the Crescent Eagle company have been confirmed con confirmed by officials of ot the company but frred the extent of or the production will wi not be I known until thetIle work of ot casing off ott the water Is completed ThoThe Crescent EagleDiglegle property Is located about midway between Green River and I about Moab The sand supposed to be the PerronFerron was encountered at feet teet and after a strong flow of or gasgaa had had- II beenheen developed It I is statedthat tha oil 01 and gasgaa showings I are still sti being encountered In the well wel I of or the Utah Oil 01 Refining company on the Farnham dome southeast of Price No definite reports were received dur dur- past week from the Hill Hi Creek field but it isla generally regarded as a. a a certainty that the well wel drilled by the on the Hill Hi Creek company's holdings will wil be a a. producer Midwest I and the Utah companies also are on the 8 earnsme structure while the Carter Carter Is arranging for tor drilling operations op- op there It I Is stated stated that several sev- sev eral Standard 01 companies are ac- I acquiring ac- ac quiring QuIrinG holdings in the lull 11 Creek I region STEEl MARKET DEALS Copper Generally Firm During During During Dur During Past ast Week NEW YORK March 18 The The l-The The steel market market market mar market has again displayed a broadening tendency tendency tendency ten tendency and orders order are coming In from over over- a oer- aa wide territory Aside from plates for or freight car construction and and structural ma material the demand is I still for tor comparatively comparative ly small small- lots howeverand prices aremore or less les Irregular Demand for tor pig iron is of ot a sporadic character and prices continue irregular ac- cor ac- cor ac- ac cor ing to the position of ot manufacturers relative to orders on hand Copper has beengenerally firm According Accord According to reports a a producing interest has sold solo pounds of ot electrolytic at 1325 for tor shipment within the next few tew weeks but no details of ot the transaction have been tic published lf is available and I it in II Is lots reported se of from that one ee to three million milon pounds at 1 Ilc c. delivered for May hay June and July shipment A continued fair demand Is reported with domestic con- I con- con- con I I sumers 11 buying i in 11 small le lots tga for April 1 and I May shipment while there hasbas been a con con- I export inquiry Only small smal lotsof ot ot- I electrolytic are now said be available ble woal I at the 13 cent level for March ar shipment I Tin ln is easierbecause of ot pressure to sell sel I straits for delivery delvery from dock and the decline in London The spread between straits and 9 per cent tin tn has narrowed ved to ic iC as compared with wih about a cent re re- cen re- re cen Uy Lead shows firmness aaas BS the March output output out output Is well wel sold up and Inquiry Is i good for shipments shIpment running into May remains In a firm position with wih a slowly lowly improving demand on domestic ac account ac- ac BC- BC count especially for tor forward for ard delivery delvery Antimony Is more active withofferings ness light in anticipation of ot increased wih busl- busl I Ui U.

5 THREATENED BY Ol OIL SHORTAGE Engineers Claim Production Peak Demands Almost Increase Past While NEW NE' YORK March 18 Th there is a growing belief belet that the United States I is Indicated threatened in with wih the an opinions oil 01 shortage Is clearly foremost expressed by the mining engineers who ame to this cl city to attend the 15 annual came meeting of the American Institute of ot Mining and Metallurgical Engineers Alt All Al the speakers who addressed the meeting which tended wawas at- I at at- attended by approximately I lOOP 1000 mining engineers engineers en en- en- en pressed from all al parts part of ot the World world Impressed impressed Im Im- im- im upon their heir hearers the fact that I thepeak of ot oil production 01 in this country coun coun- con con- try is almost past whereas the peak of ot consumption is yet et too far in the future to Lo forecast This explains why sentiment in regard to the outlook for Texas and other big domestic oil 01 producing states tates is so tietic tc as the of ot opinion is that these thee camps can be counted upon to continue con con- totn supply a huge part of the worlds world's oil 01 supply for tor a great many years a fact tact tha that should year be hailed haled with a a good deal of ot satisfaction deal not only to producers of ot these It states slate but al also the states themselves themselves as a means BO so much in wealth and future growth Advocating Ad the inauguration of of ofa a a foreign mining policy to Insure the poly Insul future oil supply supply sup supply of ot the United States mining engineers 01 at the engineer sessions here here drew up a Burve survey sur Bur ve vey of the oil 01 reserves of the world This survey they assert shows plainly the precarious pre precarious canons situation of ot the United States asaa i regards petroleum a fueltuel whose abundance of ot supply will control national wl prosperity Congress has been urged to gram td this end adopt a a pro Henry L. Doherty Dohert who of the controls the destinies des des- Cities Service CItes other large company and corporations as well as other I speakers including wel i of ot Herbert Hoover Sec- retary Sec- retary Sec- Sec I i commerce lieve there will ill Edwin T. Ludlow be- leve be- lieve be- be leve be wi a tremendous In the demand for tor 0 increase petroleum with the ad- ad cent of gene gene-ai business I or trade The con census of ot opinion revival re in the best in In- In I formed ormed quarters Is that this Is 1 off or vital people peoplE to 10 and the of intimately prosperity a os foreign oi of mining concerns the pa 1 A household In the land said a sued through twe American council counci of the Federated American American society Herbert Hoover wF founder and the first president council counci president mf Lavish Ih use of ot the nationsnation's naton's minera 1 the statement continues has crea serious situation which if Sf i not mett tonal legislation wiltwill wil create mett for posterity Colonel Arth eri Dwight of New York former i trust Columbia Columbia university has been elected ident of ot the institute succeeding EdV Ludlow Colonel Dwight was a a- the mem the American mission which last summer to confer the John Flit rS tr medal upon Sir Robert Hadfield of Lt andadd Schneider of or the French Frenc works WillI Several BE Extensive I Pla Planned ned Near Nearous fi ous Deer Trail Trai Prop Propel Props With the passing of ot the hea hea- In the Tushar range one of ththe development programs of the Mail Malj district distrIct In many years will wl be ii In hi hi- byby the Mining Mining- lug II to Patrick Henry who Js Ur Ur Lake In connection with wih finance operations A long tunnel Is to be be- to be- to bel bel- toto tap the fourValdasta yelps elps at which will wi give drainage for tor the thel Valdasta estate and to give ra rap of high grade gade gold and sl eliy already exposed In the upper wo He has hae Just jut shipped In Sn by less than a ton of picked ore turned nearly 1200 The The bulk ore averages close cose to aton toni Henry Henr says say says The ground gound lays Jas so sou from tho the famous Deer Trail Trai I isnow ow producIng at the rate or of o- rtan off than tan a year ea Both proper said by engineers to bebo on the sanD san logical formation th a and anti and intel wIth quartzite The conjecture hashal hazarded that the Marysvale yet become the gold Rand of or th th- In the In addition additon to the alunite and and i num Marysvale Is i unquestionably in gold and silver siver Mr Ir Henry said from our property was shipped to to- sea tol sea Wales Vales forty years ago fro working of the old Copper Belt Beta That Tat stuff went nearly 1000 a ton ton toril gold and horn hor silver siver and was under the most extreme difficulty were drowned out of the Copp because they didn't have the fa fall for handling the water but the the still sti there and we will wl tap tp It when our tunnel is driven to the nn 7 is ti fI th T- TT Pelt I 1 was was su sunk From outcroppings on the are assured of or three veins opened up by b- the tunnel before we we- thethe main dyke With the we the tunnel we ve plan to extract cs cs- ore sh- Ore sh ore from three slopes where exposed at higher levels We has havea ha e. and arid power fo for a mill which will eve be needed for the property There will be much activity in I I- valevale this year which promises I ti the district a very prominent the mining map The old Bully Boy Boyi erty which has been a heavy 1 PK of high grade gold ore Is to bej on a larger stalescale by Philadelphia Under the direction of of the Quaker cit city a carload of nj cryery has been shipped in and iw placed as soon as the snow The Bully Boy adjoins the theT where four feet of high grade gol gol- verver and copper ore has just bet posed Harry also of sylvania has charge of this pr pro which under the name of the A Range Metals Mining company ha- ha taken over the Glen Erie and the rock groups all of which will be bej this season The I gropp same vicinity will be worked direction of American Con Mines pan pany of Salt Lake High grade gt has been exposed In this property One hundred and fifty men arK ar employed at theDeer Trail where Is said to be enough ore In sigh sure production for several years the crews that will be put on other Marysvale will be one of th the mining sections in the state mer according to Mr Henry.