The Cincinnati Enquirer from Cincinnati, Ohio • Page 38

Friflay, September 18, 1953 Pajie 36 TIfECI I ATI ENQUIRER one A I RAILROADS Score Best Year New Products For The Buying Public by DICK HAVLIN BUSINESS FRONT by A CK DUDLEY Tht Enquirer Financial Editor Stocks Advance Haltingly In Quiet Market Session; Climb Is With Difficulty Local Firms Rebuilding Fire-Blackened GM Tools An estimated 150 to 200 machine tools damaged in the General Motors Corp. plant fire at Livonia, August 12 are being re- Stocks In The Spotlight paired by Cincinnati machine tool companies. Approximately 3000 machine tools from the plant have been returned to the original manufacturers for reconditioning in an at- XEW 10HK, Sales, closing changes nf the stocks today: Sept. 17 price and net 15 most active Tuent Cent Fm 20 400 IS IT Hdson Mflt f) -I I ten Motora l.VinO 8.1 0 4- 4 it Thei 13 4(10 .5 7 8 Radid (r 1.1. Odd 22.5 K'twb Plfl 30 .1 Am Mit.il ll.KOII 114 .3 K.

Y. Central 11, "(10 211(1 Soennr Vac 11,0110 31 0 .2 Rait Ohio 20 7 .3 K. Steel 10.700 34 4 .1 Inl Tel Ii Tel J0.70II III Moirlair Oil Uhllll 3.2 4 .3 Sid Oil i. ft.SOO 68 5 .2 Packard Mill d.700 4 1 Mv')i''vi's rawarwymwi NEW YORK', Sept. 17 i.T Stocks advanced haltingly today in a relatively quiet market.

At one time during the day, it looked as though the rise might work itself into something resembling a real rally. But it faltered in the early afternoon and descended from its best to a ragged close. Today's rise makes three successive advances since the market touched a low for the year on Monday, each advance less than the proceeding one. After the climactic selling of Friday and Monday, Wall Street looked tor a rebound of a technical sort. That is what has happened.

So far the rebound has retraced just about the minimum distance expected. It could go farther, but if the market turned down at this juncture, Wall Street wouldn't be surprised. There were few major divisions today without minin sins, but there was no notable ron-centratlon. Twentieth Century-Fox was the target of selling and declined l'g at 15, ending as the most active issue in the market with 20,300 shares traded. The company introduced its new wide screen cinemascope last night in New York with a presentation of "The Robe." Hudson Motor Car wa second most active off at 93i, a new low for the year.

Directors took iu action on a dividend which in the past has been a 25-cent quarterly payment. The last payment was August 1. The Associated Press average of 60 stocks today advanced 10 cents at $101.40 with the industrial and railroad components of the average up 20 cents each and the utilities unchanged. Volume came to the unimpressive total of 1,290,000 shares. That compares with 1.570,000 yesterday.

V. S. BONDS LIMB U. S. government bonds bounded forward under persistent buying orders, while the corporate bond market climbed irregularly.

The Treasury 30-year 3 49-lnch "Compact Couple" Appliance manufacturers are matic focus picture. Griffith Disputing the "squeeze" on their tributing Corp. handles the line. In Safety In 1952- 14 Carriers Win Hiariman Awards For Feat NEW YORK, Sept. 17 (Tt Railroads in 1952 had their best safety record in their history, industry leaders were told tonight at the annual E.

H. Harriman awards dinner. James G. I.yne, New York City, editor of Railway Age, said railroads carried 470 million passengers during the year without the loss of a single passenger's life. "Taking all flosses (rf person Involved in railroad accidents of all kinds, there were 12 per cent fewer fatalities In 1952 than in the nevt host year, which was 3949," said Lyne, chairman of the Harriman award committee.

Mr. Lyne presented awards, sponsored by the American Museum of Safety in New York, to 14 railroads. Harriman gold medals were given to three railroads which led their respective sbe classifications in safety last year. They were: largest railroads, Group 15, St. Louis Southwestern, and Group Texas Mexican Railway.

Certificates ot commendations went to 11 others. Commendations by districts and grouns included: Eastern district, Group A. Baltimore Ohio: Group Lehigh Valley; Gwun Lehigh Hudson River; Western strict. Group Union racuic: Gioup B. Duluth, Missabe Iron Range; Group C.

Lake Superior A Ishoeming: Southern district. Group Norfolk Western: Group Central of Georgia; Group Atlantic Danville. Commendations also went to two switching and terminal companiesChicago Union Station Co. in Group 1 and Portland. Maine, Terminal Co.

in Gruiii 2. The awards were established In memory of the late Edward II. Harriman, railroad builder. I Aie uemea River Truck Plan; No Need, ICC Says WASHINGTON, Sept. 17 UP The Interstate Commerce Commission today rejected a proposal by the Commercial Barge Line inc.

OI uetiou iu (-sihuhbii Ai.v-. a general ireignt neuvery service thrnu-hout the Mississippi Valley. The commission said the com- pany had failed to establish any, fn tii proposed service. The ICC also noted there was a wiuj difference tempt to get the machines back in limited production in six weeks. General Motors hopes to begin production of Hyrlra-Matic transmissions in the Willow Run plant by that time.

The damaged machine tools began arriving in Cincinnati within a week to 10 days after the disastrous fire. The bulk nf the repair work here is probably being done by the. Cincinnati Milling Machine largest machine tool concern in the city. Having just returned from a trip to Europe, Frederick V. Geier, president of Cincinnati Milling, was unable last night to report the total number of machines his concern was reconditioning.

He estimated, however, that the number would be substantial. "Most of the machine tool companies In the city are. rehuild-Inir tools which were damaged in the 3M fire," Mr. Geier said. J.

N. Hume, manager of the General Electric Co, service shop at 444 W. Third said he has id a force operating on an emergency basis day and nipht repairing 250 electric motors damaged in the blaze. "We have dropped everything but emergency work to do this job," declared Mr. Hume.

The Delco Products Division of General Motors is repairing all Delco motors while the local GE shop is handling all other make motors. All of the motors were removed from machine tools. General Motors expediters are making daily checks on the progress of repair work. Production of transmission will he resumed on a limited basis by November 9. (As a sidelight "on the (iM fire, it is interesting to note that it was set off by a welder's torch.

Such a torch also finished the luxury liner, Normandie, and Cincinnati's most popular Men trier, the Island Queen). NEW 1'OST: R. W. Stewart, formerly Cincinnati district manager of the Westinghouse Electric Supply Co. consumer products, has been appointed manager of the new Wes-co consumer products southwestern j'egion, which includes the Cincinnati, St.

Louis and Dallas district offices. For the present Mr. Stewart will STEWART continue to have his headquarters in Cincinnati and will handle the Cincinnati district -manager duties until a new district manager is appointed. Britain Reduces Bank Rates As Spur To Greater Output ms 11 I HAVK TROl'BLK keeping your pictures from "walking along the wall?" Then you can anchor them with Pictabs made of foam rubber hHrkprI unt them on the back of the picture with the rubber against the wall and the picture stays put in one position. Pictabs come from the House of Morrow, Wilmette, 111, SHELF PAPER that stays put without tacks or glue and is plastic-coated for easier cleaning is on the market You simply press the paper on the shelf and it sticks to wood a'.

Kls or painted surfaces'. When you want to cet the rrnrr Zkr. makcri: domestic Industries, i hicago. A 20-foot roll 15 inches wide retails at $1.95. Comes in a variety of colors.

Dividends Dir'Ctiri of Motor Car Co. took no tiL'h on hf divuknj dur on Its jtrck )m llrne. The company has befn p.yl!! it Quaitfrlv Intervals. Tlip nmiwuv li.sued no sutfmrm to the dtvidi'nd rrrilMlrp oui ii i unnwn to nvp oin. involvrd in riH'iirl chaiifwvers for the pai ipvfrnl nr.nthi.

Rtr.ruR Siook mil Rsif Rwrd Pivahlf aiiio Insur 4 Nov. IS Dec. 1 Hm cnur ot 87Jc.sroi. jj smi Mii.ij i i ei .1 Sirs Lid pf 35C IS Orl. 1 Knll Ami A 50c On.

15 (In, 30 t'in'tl 4 El 2Se IS Nov. IK Tons Nut Cm 62Vic Oct. 15 Nov. 18 C'lilury Inv rv pf SOc -Sent. Oct, 2 Cn Lt.iP J1.90 pr 47, Oci.

15 Nov. 1 Cent Asulrr Sus 4nc 30 Oct. IS Chailba Ul if q. pept IS Ocl. 1 Clinton Trust 1 Sc Sept.

21 Ocl. 1 Radio pf Sept, 31 (VI, 1 Cn LAP $2 29 pf 55c 5 Nov. 1 do $2.04 pf 51c Nov. 1 do J2 pf 50c Ocl. 5 Nov.

1 Dean 1'hlppa Slra Sept. 25 Oct. I Pcw A 50c IS Sept. 30 do JSC i Spl. 28 Sept.

30 rilxon .1 CruclWe soc 25 Sppt. 3( Knnco Mtc 2Sc Sept. 1 8 Sept. 30 Eversharn Inc 35c Oct. Ift Nov.

2 On Aniline At FA 25c Sept. 24 Ocl. 1 (Jfn Tel Cal PC pf 25c Oct. Nov. 3 do 4V.

PC pf IJHc Oct. Nov. 2 GUnnlnl flM pf 1.50 Sept. 31 Oct. 1 HHnoU Zinc 2Sc Nov.

1 Nov. 20 Inveilor. Man Fd lc .30 Oct. IS Uneendorf Un 4Sc q. Sept.

30 Oct. 13 do pf 4 3C Sept. 30 Oct. 15 Hon Match 5SC Sept. 15 Sept.

21 Lucky Strs pf Sept. 22 Oct. 1 Mich Caa 4Sc Sept. 23 Sept. 30 do $4.40 PC pf fl.10 Oct.

15 Nov. I do $4 90 pc Pf $1 22 Oct. 15 Nov. 1 MacAndrewa A- Forb 50e sent. 30 oc.

15 do pf 51.50 Sent, 30 O-t. 15 Montana Poerer 40c Oct. Oct. 27 Mount S'l Power 21C q. Sent.

30 Oct. 20 Ma'j Life Fund 35e Sept. 24 Sept. 30 Okla GF. 4 PC Pf 20C Sent.

30 Oct. IS Pierce Govern 30c Sept. 24 Sept. 30 Shawmut An 15c S-pi. 24 Oct.

1 Sou Cal Ga pf q. 30 Oct. 13 do pf A Sept. 30 Oct. 15 Stern St 13c Fn, 21 Ocl.

1 do nf S7c Dec. 14 Jan. 1 Clth 25c OC. 20 Nov. 1 Victor Prod 10c 0 Sept.

2 5 Oct. I Rinrccn Circle Bar Kn Md A 23c Sept. 30 Oct. 13 SPK ISL Stern ft siern Test 10c Sept. 21 Oct.

I FXl'M Baldwin Rubber 10c Oct. 15 Oct. 24 Clinton Trust NV 10c 21 Oct. 1 Shamut Asn 5c Sept. 24 Oct.

I INCRKASFn Blue Die A Mach 8c Nov. 1 Nov. 23 IMII4L Arkinaaa Fuel Oil 50c Sept. 23 Oct. I STAPLE PRICE INQEX NFvV YORK.

Sept. 17 The A'foc aied Pr.i weighted wholesale price lnd- 35 commoClties toclay declined to 177 76. previous dav 178. o9. week ero 17.

SO. month 170. Sri. yeir 181 M. 1933 I 195J I 1951 I 1930 "lli-il 1181.72.193 30 215 71 207 64 1.0.1 1174 5M75 53 19 34 15t 30 LU We'le- Hun Low List Sale Chan-e Price Date 65 a 15 1 14 30 4T 51 ISOS 4 50 S3 55 '70 10 15 55 1 00 mo 20 ua MO 5 10 '144 4.1 13 3 153 1 71 4 30 1 32.3 1 0 33 3 1 4 44 2 11 2 4 3 57 fi 72.

21.7 0 34 3 5 4 30 7 fio.fl 54.3 12 7 4 26.1 40 5.1 4 1 IS 4 S2.0 210 4 44 7 20.0 K7.4 33 0 fi. 8 153 1 132 8 33 4 32 33 7 .33 3 1 ii ii i imwwiiiiMi 152 7 0 3 714 1.7 30.1 32 4 0 4 110 0 1 33 7 0 1 18 4 0 3 44 3 1.1 74 3 4 301 57,4 72 7 1,7 24 7 11 0 J- 0 1 34 A 04 SB 1 17 39 7 3 0 70 0 1 2 35 3 0.4 12.7 0 3 24 0 1.0 24 1 04 40 4 0.3 53 4 2 2 4.1 0 2 14.4 0 1 41.7 0 210.4 0.4 44 7 II 20 0 0.2 Bill 1 0 41 4 0 2 111 34 It S8 I 70 0 .55 3 1 2 7 34 3 93 4 40 4 54 3 42.4 41.7 40 0 37 1 47 4 32 0 OK I'KOMOTIONS Three new local sales managers have been appointed by M. M. Hughes, Cincinnati manager of the General 1 ric Company's apparatus sales office, 213 W. Third St.

A. Trabert, 1331 Franklin was named manager of Colado light industries sales; Carroll Co-burn, 3835 Edwards manager of heavy industries sales, and R. E. Colado, 3618 Meadow manager of electric utility sales. Mr.

Trabert, who has had 30 years of industrial sales experi-eence with the company, has been in Cincinnati since 1930. Mr. Co-burn has been with GE for 40 years. He has been located in Cincinnati since 1919. Mr.

Colado is a 1929 graduate of the University of Cincinnati. E. H. Howell, district sales manager in Cleveland, announced the appointment of J. M.

Roberts, 23 Andovcr Greenhills, as supervisor of product sales in Southern Ohio, Southern Indiana and Kentucky. THE IMDENTIFIED Investors who seek to buy the Alms Doepke Co. want It made clear to the employees that there will be, no change in personnel, said Man. uel D. Mayersnn, who heads tha Uroiip.

The name of Alms Doepke Is a part of the purchase contract, he said. The business will he operated under that name, he added. Mr. Mayersnn said he has been In personal contact with the. Investors and has been authnri.ed speak on the deal.

All of the common stock and a good share of the first preferred and the second preferred stock have been deposited with the escrow agent. Atlas National Bank, he reported. "The remain--ing stockholders," he disclosed, GENERAL PRODUCE The following report la compiled by the d.irv and poultry branch and the vetetaole branch. Production and Marketing Adminu-tiatlon, U. S.

Department of Agriculture. I141RY AND POI LTRT Ere Market: Prlce paid f. r. h. Cincinnati (cases included oa xraded esgsi: Consumer grades Brown and gov graded- White Mixed eoior V.

S. A 6S(j73'jc V. S. A liiedlUin SjtHOtvjs: 5jtfio3-jC Wholesale gradet (gov't grades mln. 60 i V.

S. extras larse. .65 73l3 37mt Current Receipts: Range (Cases Exchangedl. small 30(a35c Egs: Large eggs firm tnd prices generally 3l4c higher. Few II.

S. Grade 62'lif63c. Medium and amall ateao at unchanged prices. Large and medium sizrt la tood demand. Slow demand lor smalts.

Live Poultry Market Prices paid f. o. I. Ciikinnati for No. 1 quality: Chickms; Ranse Bnnlers or fryers (com'l grown over 21, Ibst 38(0 JOe Reds.

Whiles, and While Croaset liens, heavy type 25i 23c Hens, light type 18lo20c Old roosters 16i IHc Turkeys: Ranst Urns, yount limi, young 130 lbs 32 Eeittvtlle. yount Ready To Cook Poultry Prlcei paid delivered o. b. Cincinnati for Ice-packed, C.rade Krycrs (l'i-3 lbsl 4394514c Hens Live Poultry: Hens barely steady tnd receipts heavy Fryers steady with supplies tmple. Prices unchanged.

Live Turkeys: Market qutet and demand tlow. Few Beltsvilie tt lower prices. Retdy To Cook Poultry: Fryers tnd hens barely steady. Supplies fully ample tnd some buyers report alow dearanct of iryert. Ready To Cook Turkeys: Quiet tnd prices represent purchases tnd oliering prices.

Prices ptid delivered f. o. Cincinnati for Grade A qulek-frnien Including Ice-parked. Heavy type hens 55c. he.ivy Ivoe ror.is 50f 52c; light type, incluuing Beltsvlllt 5.4' nuhby nomcc Apples Bushel baskets generally food quality and condition Jonathan 2-inch i.iiTiiiMUm 42.25'" 3.3a.

i 3i S3. 75. King David 2-Inch up $3. Delicious 2 -inch up Cortland JU-incn up 33.35. Beans: Bushel htskels Tendergreens few $4.

Beets: Per doren bunches 50C75c, lew 4 0c. Cabbage: 50-lb stcka Corn: 34-quart baskets 3 dozen $1.50. Celery Cabbage: 16-quart baskets $1. K.jrplant: Bushel baskets $2. Endive: Bushel hsskets $1.

Ecarole: 16-quart. few $1. (Ireens Bushel baskets cabbage sprouts, eollards. kale, ll.35al.S0. lur- pip tops Green Onions: 16-quart baskets SO punches $1.25, Leaf Lettuce: Nearby Northern Ohio.

Indiana. 10-lb baskets Bibb. 5-lb baskets Parsley: Per doxen hunches SOC. Peppers: Bushel baskets ordinary $1.50. Radishes; 16iuart baskets 30s 73c.

Spinach: Bus baskets $1.50. Tomatoes- 10-Tb baskets few $1.50. ordl-mitry bushel baskets ordinary Jl 125, bushel baskets fair GRAIN TRADING i i Trabert Coburn products to permit their better use in tight quarters. Latest to oiler a space-conscious laundry equipment package is Whirlpool. The company has brought out a rnmnurt mim nntnmntip nd aryer units that oc- r.llpy an mcr.ai COUnter space of only inches.

The "compact couple" retails for less than $470. Taking up a minimum ff floor space, both the washer and dryer units are full-sized in their per- iormance, Whirlpool declares. The washer fills itself to the proper level and rinses clothes seven times before damp-drying hem. The washer offers three TuJ The dryer an electric unit Distributing Corp. 2410 Gilbert is Whirlnonl Hie rihn 11 rt is Whirlpool distributor.

ELECTRIC BLANKETS are now getting the same contour corner treatment popular in other bed coverings. General Electric's latest model is contoured in a mattress-fitting style. The contour gives the same safetv foatnroc nt kn ne.n. f'V k'uh ui, blankets and can Dr colors. Lff pncrs tar 547.9.1 for a twin-bed, one-control model; 549.9.1 for the double-bed.

one-control unit and re the double-bed. two-control hlan- ket. National distribution i scheduled sonn, GE reorts. 21-lnch Screen Du Mont is introducing its 19.il line of Telesets. Shown above is Its new table model the Milford, which retails at J219.95.

A 21-inch-screen Tcleset, the wrought iron base is optional. A feature of the company's new 18-model line is its price schedulingwith prices from $179.93 to S340. Du Mont claims these features: A 26-tube chassis, (more tubes than most sets havel, a high- fidelity speaker system and auto- I 1 iiij i e.e'"i cim'- drmnj' "hf" xO MOVE BRAN'CIT A factory branch display room and warehouse of Telekinfi television will be located at 1044 Gilbert beginning October 1, Fred L. Becker, general branch manager for Queen City Distributors, announced yes-terday. Queen City distributes Telcking television and radios, Weathorking air conditioner and Apex washing machines, dryers and vacuum cleaners in southern Ohio, Kentucky and NET INCOME of the Early Daniel Co.

for the year ended May 31 amounted to $220,175,. or $5.66 a common share, company officials reported yesterday. Net income for the previous year was $337,336, or $9.18 a Total current assets and liabilities as of May 31 amounted to $5,974,538 and $2,889,038, respectively. These items at the end of the preceding year were $7,215,145 and $3,855,254, respectively. DIVIDEND Cincinnati Gas Electric Co.

declared the regular quarterly dividend of 25 cents a share the common stock, payable ember 16 to stockholders of record October 15. MANAGER HERE: Ted C. Ringman has been appointed manager of the roller factory of Sam'l Bingham i Son Co. at 1915 Race St, Chicago officials of the company announced that Mr. Ringman has been associated with th business in Chicago for the past 14 years and is the inventor of several innovations i RINGMAN the roller business.

The Cincinnati roller factory has been modernized and enlarged to make rollers for every purpose in the printing, lithographing and rotogravure trades in the city. Price Tags Raised SYRACUSE, N. Sept. 17 The General Electric Co. announced list price increases today on 11 types of television sets and two radio models, effective October 5.

The company said it was increasing bv $10 the price of 11 of its 24 VHF television receivers and of three of its VHF-UHF receivers. The new pries range for the 11 VHF-type sets will be 3189.95 $499.95. The three VHF-UHF models will range from $279.95 'to. $339.95. Two of the company's 26 radio models will cost $1 more, $18.95 and $27.95.

COTTON NEW YORK. Sept, 17 api Cotton future drooped as rr.uch as SI 35 bale today under pies.uie nf hedging and commission hout hqu.dailon. It was one of the most acUv In several weekx. Nearby October fl December established new setson's lows, whila March, 1953. futures equaled their setson a Inv.

Final prices were 35 cents to SI. 31 bile lower. Futures rtnge: I Hlh Low Close Cxtober 33.01c 33.83cl 32.84c December 33.39c 33.10c 33.14r March 33.65c 33.50c 33.52ST33 I 33.75CI 33.84c, 83.6833 TO July I 33.63ci 33.50C October 33 37ci 33.13c 33.13c a rt I Middlini spot, 33, nomlnii, off 10. 1BIO. URO CHICAGO.

Sept. 17 (API Cash lard vat 18.10c pound tiday. loose 18.50c. Cholct white grease was I0'c pound. whit 6 c.

prime beef tallow 4c. LeRai Notice Pursuan to the provisions of the Ohlt Securities Act. notice Is hereby given thin on the 18th day of September. 1953. William S.

Magnus, residing at 369 Retdlnr Road. Cincinnati. Ohio, filed in application itl the Division tf Securities tt Columbus. Otiin. for llceme to act as salesman of securities in the State of Ohio for Magnus tnd Com.

pany, of Cincinnati. Ohio. All persona concerned will take notice that action on said application will not be taken by the Division fur tt least seven daya from tht date' isf this advertisement. WILLIAM f. MAGNU8 LEGAL NOTH'r By order of the Board or Education City School District of the City of CinclnntV Ohio, aralid proposals will he received tf tht office of the Clerk of the Board of Education.

Administration Rulldlnt ha tTk.t xim.ta 'Street. Cincinnati Ohio, until 13 ochx'k noon. September 28. 1953. for lurnl.hsne all materials tnd doing all work necessary to oomplete the waterproolint of the Howard Treohter Memorial stadium, located at Ludlow Avenue and Central Ptrkway.

Cincinnati. ohl. in accordance with specifications prepared by the Board of Education and on file In office of the Business Manager. 511 West Court Street, in aaid City ot Cincinnati. Proposals must be made on blank forma tt be obtained In the office of the Bustnest Manager.

Each proposal must contain tht name of every person Interested therein and be accompanied by a guaranty of aome' disinter, stcd pereon, or a certified check madt peyable to the Board of Eduraatlon, In a sum eiiual to 30', of the amount of the prn- Posal that If Same he aeeeoleW a be promptly entered into and the performance i eame properly securen. a bond In lull amount of the contract will be required on all contracts In excesa of $500. The Board of Education reserves the right to relect any, part of any. or all of said proposals. By order of the Board of Education.

COIlRTER. Suoerlntendent of S1IAFER Business Manager. lit Inilakli ll 4Slt Pins llendtd Scotch Whisk 84.1 Free! Irownt-Vintneri N.w Yr Sol Distributers i latlll'alWMii MriJ mm IRS Jl1 In Farm And Commodity Markets jumped 2432 at 101 832 bid, a record high since the issue hit the market April 15. Img-term Victory 2 Vis rose 1432 at 93 1232 bid and companion bank-eligible of 1967-72 advanced 2232 at 93 832 bid. The government's recently issued intermediates also firmed.

The 2s of 1958 finished a quarter of a point higher at 98 1832 bid and the 2'is of 1958 were up 11 '32 at 99 432 bid. Dealers in Uncle Sam's securities noted that the upswing coincided with the lowering of the official borrowing (discount) rates to 3'j per cent from 4 per cent by both the Bank of England and the Bank of France. Some dealers said Treasury bonds were adjusting to the lowering of interest rates in these two leading countries of the Western World in anticipation of a similar move in the United States. The dramatic' iqwurge In gov-eminent bond prices wa accompanied by a flood nf rumors. One was that the Federal Ileserve was about to lower its member hunk reserve requirements.

Another claimed that the Fit's discount rate would be lowered from its present 2 per cent level. A third intimated that lending commer-Hal banks in New York would reduce their prime loaning rates from 3' 4 per cent. Reliable Wall Street sources tended to regard these rumors as distinctly premature and several hanking executives emphatically denied the reported lowering of the prime rate. "It will facilitate additional Investment for the expansion nf industry. It should Increase Britain's productive power In foreign markets and make for cheaper goods at home." Earnings RKOTIURS, rnontha end Jult 1953 1952 1,208.755 00 447.470.00 .47 .08 130.105.748 00 1 59.42 5.

12.00 Net inconu A share Salea McKESSON June 30 A KORRINS, llacal year cod. Net Income t. 029,203, 09 834.3B0.0e) A share 3.8 1 3.0 Sales .....400. 998 SIS. 00 434.92S.fS94.no F.

T. Rl SSKI.I, quarter and July 31: Net Incom. 142,617.00 221.149 00 A shire. .25 .39 Hhft.41. SHOE, 4 monflu enil July 30 Net income 127.

251. 00 92.174 00 A shaie .25 Salea 4.77.V31H 00 4,1712 00 AMIFK.SON, tLlVI'OM CO. 13 months end -iuiy 31 Net Income 10.769.30S 00 A share 3 32 14. S3. 248 00 4.48 Clt.NKK.4L ANILINE FILM, all monllil end June 30: Net Income 1.319 000 00 SRK.00O 00 A share l.fO 1 21 rr.4riil.KR 12 nwnthJ nrt May 31: Net Income 7 19 912 00 00 A share 4.04 4 59 T.

GRANT CO. six montha end July 31: Net Income 2.415.92 00 3. 202 260 00 A share "0 SOet 12S.17S.257 00 1 t.S93.150.00 AMR OATs) CO fiscal yiar end Ju-ie 30: Net profit S.3S0.297 00 A shue 2 23 7.139. 571 00 1 5 MOVM.OMKRV WARD aia mnntni end Julv 31: Net pront 3.731.973.n0 A aha re 2 31 15 867,601 00 1 33 FOREIGN EXCHANGE NFW YORK, Scut. 17 APi Closinl rates: Canadian dollar In Ne Virk cpen market per cent premium or 101.

62S U. S. cents up 1 1 C4 a cent. Great Britain (poundi $2 80 116. up 1.11 of cent; Eeigium lln.ncl 2.00.,.

off .00 of a cen'; France llranci .2 of a cent, unehantcd. Holland 636 36. up .01 of a cent: Italy llral ot cent, unchanjeel: Portuffal lescudoi 3.50. unchaneed; Swede.i ikronai 19.34. Denmark ikronei 14 52.

unchanged; Arjent'na Itreel 7.24, unchansed: Brail! (treei i 65 unchanzeo. Mexico 1 1 04. unchained: Venetliela (bolivar 30,03, unchanged, ionc Kont dollar 17.50. uncriane-f 1. BONS $1000i isaics in tmom SaleaLast Sales Last 96 0 99 2 87 0 90 8 98.0 104 1 Ohio Ed '75 OWRRN 3s 40 '68 do 3s '70 do 3s '77 do 3s '79 Pac TT '87 do '66 Pen RR 4'is '60 do 41-s '65 do 4is '84 Peopl 3a '81 "co tnc 4s '90f Phil El 3V '83 do 234S '67 do '71 37itf Phill 3.70s '83 PCCSL 5s '73 Pit 3M '64 PilCCoal 314s '65 PubSF.G3V"'7J Rd? 3'-a '95 StLSF 4 2022f do 4S '97 Scott 3s '7T Shell 2'is '71 Sinclair 3H''S3 SoNatGas4' '7 3 SoPac 4'-.

'63 do 4'3s''Sl '7T Sou F.i 4s '56 do 5s '96 Sid Coil 5s'67 StdOlod 31,5 '42 '74 TRP.AS1. 4s 2014 4 S44 3 100 3 1 101 7 6 95 0 3 92 3 4 914 2 91 8 2 87 4 1 13 96 4 100 2 99 0 94 6 90 4 72.0 6 106 5 14 104 7 4 96 0 8 99.7 6 49 0 5 10.4.4 8 95 0 3 93 1 10 24. 7 104.1 2 10.4 4 I 97 0 100 0 45.0 126 .9 3 '67 9 102 1 92.0 18.4 1310 93.1 5,5.4 20.1 68 1 1 10 3 3 11 BiiO 98.4 80 1 81 4 95.0 102 3 103.3 101.3 64 0 104 5 98 4 St 0 98 4 92.0 97.0 55.0 94 77 2 84,6 35 109 8 3 90 3 90 93.6 24 103 6 38 101 6 11 99.5 19 101 2 10 102 0 1 104 0 9 89.0 99 7 3 93 .5 1 1050 71,4 103 5 103.7 103.2 104.0 103 4 S4.1 63 4 60 0 96 4 97.5 93 7 101 0 97 2 9.4 0 75 8 69 5 63 3 76 4 59 4 47.4 84 0 7 5 5 36 0 64 0 7 3 46 2 102 4 54 0 101 4 64 4 Tex Co.p 3s 6 5 10 100 1 Tex NO 3t '90 89 1 99 1 TiS-P QTh Ave 5s '60f 1 'so: Tol A OC '60 0 -J VnOIICil 3Vs- 73 Voir '411 Va Re '73 '91 Sh 4s 2361 do 4s 336 lr Md 4s 69 West Un 41" 'SO! W-lson 1 5 4 41 17 0 39 49 4 1 93 0 2 99 6 37 102 0 3 9 4 (I 4 94 4 3 74 1 14 61 4 15 59 1 10 10 4 Hi 10 99 4 4 '36xf 25 64 2 FOR SIGN BO.vp CoaC 3', '61 do 31,5 '74 4 93 2 Jaoan 6: '64st 30 S4 0 do 5'jS '75st 6 77 3 a-ln haokrup'ce or receiver-shio ir bemz re orranired under the Bankruo'cy Act or srcuniies assumed by auch Ce.mnar es. x.n-Fv-inleret sl-C'umnif. ft-Ce-iifica-et f-Dejli in r1 LONDON, 17 UP-Britain and France opened bank vaults a bit wider to their businessmen today to arm them in the fight for world markets.

In a move brimming with confidence in Britain's present financial state, Chancellor of the Exchequer Richard A. Butler reduced the bank rate from 4 to per cent. Across the channel the nationalized Bank of France, which sets the pace of French financial activity and insures most loans made by other French banks, followed with a similar cut from 4 to 3' per cent. This moans: Mvmey that is the British pound sterling and the French franc-is cheaper and easier to get at. (2) Manufacturers who want to borrow cash from bunks to expand their plants, buy new machinery and make other Investments will now pay lower interest rate, which will permit them to sell their products at lower prices.

The cut means cheaper goods both at home and in the export markets, where every penny on the price tag is important. What the British treasury did today in banking language is to cut by half of 1 per cent the minimum rate at which the Bank of England will discount approved bills exchange. The British industrialist or private householder will have to pay less interest on the money he borrows. All money deals in Britain are ultimately peggod to the bank rate. A spokesman for the British National I'nion of Manufacturers welcomed the move, of expert opinion on whether Coast Guard regulations would permit the transportation of loaded trailers on the decks of tank vessels, as proposed in the application.

Commercial now operates on the Mississippi and its tributaries as a carrier of new automobiles, trucks and auto parts, It asked the commission in 1949 for a permit to expand these operations to include all of freight over water routes totaling some 5500 miles. The companv had planned to combine the water operation with the motor carrier rights of its affiliate company, Commercial Carriers so as to provide store-door pick-up and delivery service at off-water points at rates 20 per cent below the all-rail rates. The plan was supported by many shippers and opposed by the railroads, other water carriers and a large segment of the truck- lng industry. Freight Volume Off WASHINGTON. Sept.

17 (API -Railroad freight volume dropped Substantially during the Labor Day holiday week. The Associa- tion of American Railroads reported that loadings for the week ended September 12 totaled cars, down R8.525 cars or 11.1 per cent from the previous week. The volume was also 170,737 cars or 19.4 per cent below the corresponding week in 1952, and cars or lfi.5 per cent below the same week in 1951. To Build Laboratory PITTSBURGH, Sept. 17 Koppers said today it will soon build a one-story laboratory and office building for its tar production division at the company's research center at nearby Verona.

I I average eguais umi. i (inrStocklxchange" Sj 1 928 nveraje equals 100.1 NevvYoryond Trading KEW YORK CITY BONDS CORPORATION BONDS CORPORATION B( CORPORATION The table lhowi the aalea ranee of orieen. net chanses. eloMnf bid and aked fnr tesular and oi'-'l(iend In narenlheses. of atocas on the Cincinnati avock Exihanpe on Tnuraday, Seuttmher 17.

1053. 20 1 9 2014 10 iSales in 41000) Sales Last "a7v80 186.0 CORPORATION BONDS I Sales In 1 000 1 Sales Last Mtf Cp5s 'd'j- 90 97.0 Allied Clim3iis '78 28 101.1 (Salea In Deere '65 4s '63 4s 2043 DAIinW 4ijs DA-SaltL 3-4s DflFl 3s 'SS do 4s '70 FUTURES PRICES Commodity luiures prites tended to rl Thm ida deplte sottnesi the (run market, nt Yurk, wool tuiurei climbed 1.2 to 2.1 rents a pound on decler buying and vvool tups 1.0 to I cents. Soybean oil advanced to .30 nf a cent, coltee .14 10 .62, line .04 to .04 and coor.cr .10 to .22 ot cent. oil and leed also tilled forward. hldea were unchanetd to .19 of a cent a round lower and cocoa Has ml .06 to .11 of a cent.

Domestic suear rieid aleady, ou world price' Inched upward. Ruobtr and tin old not trade. Cotton luturea oecllned JS ccnta to Jl 35 a b.ile At Ch.cuso. heat rad lossei exiendinx to 6 cenn at one time but recovered somewhat 10 linisn 2 to 3'i ceins a busr.el below the p.e. ous close Oats dropped 1 to 1 cents bushe' and rye 1 to 3'i cents.

Corn waa 1, cent lower to 1 cents hirher and soy-trans cent lower to 3 ienl3 liifhcr. Lard fell 35 tenia to Jl .63 a hundred uounds. LIVESTOCK rtneinnatl livestock market Thursday. Seiii.niD.r 17, IV. i3.

cominleu by tne Live-alnck isiancti. 1'iooucts ana Maikellng Ad-niinistralion. li. i. Dcpartrauii uf Atri-CUIlure, cattle Receloti 700.

Cowt made ud lb oer cent of recclpta with most 01 these listed as cannrra and cutlers Steers and vearllnca A loans nd lots food to low choice ateera and vearlinna triawlnii llsns ef cram feedlnc and ataline BUO-UOO lbs. scored 20wiJ.S0. Around three loads average commercial to average ood 1000-1000 lb. srasser or fed on urasa attcra snread lrom Ubisi 21.50. Other lo to averace commercial went at $13i-16.

Commercial 900 lbs. down itrner-allv sold at 413.50iil7 and utility ilo J13. Cleanup sales lilted cutter ateera nd Tearllncs It S9. Individual choice around 975 lb. fed rielfera readied 22.

CJthir cummereial to low ciaid 604 Iba. went tt 816.50. The beef cow trade lor utllit and commercial grades found only limited numbers available. These went at Cannerl and rutltrs ca'icht If. 10 aortad with vme low can-nera back 10 87.

The 410 line Included lew utility. Utility and commercial bulla took Jlltl3. Canners and cutters under JOOO lbs. drnooed back to 49. SOW 10 .40 Calves Receims 250.

The wild scramble for rood, choice and crime vcaler calvca continued throuch the Thursday market with prices stronx lo SI higher and accumulation of 2io4 advance lor the week to date In tome cases more than 54 upturn developed. Lower traaea Thursday held about ateadv. Choice vealers pinaistenliy sold at S23m27 and prime J24fa30. Commercial and rood cleared 15ei23 and cull tg utility $8w 14. Commercial to choice 27S-4O0 lb calvia held steady tt 12 $18.50.

Some culls receded 10 S9. SKK-ken and Feeders Thla section of the trade as Doorlv tested, but a few salea medium calvca and llchl yearlings went at 13 SIS. Hues Receipts 2500. An tctlve trade developed Thursday. Barrows and giiU scallnc lbs.

old unevenly 3.40 40c hU'lur. mostly 25W35c tdvance. Llchter weights carried a steidy to 35c upturn. Not enough butrhera above 2.40 lbs. arrived to fully test prices.

Sows moved steadv to mostly 50c higher with tdvance on above 400 lb. kinds. The bulk choice 1 and 3 200-250 lb. butchers cleared S2.4.3S with around 300 head 220-230 lbs. at $25.50.

The 140-195 lb. bracket anpeared at $24 60( 25 10. Some 160-175 Iba. took $23 3S( 23,75 with medium to choice around 160 lbs. at $23.10.

Limited sales 260-268 lbs. came In tt 434.3524.75. The sow section placed choice kinds 400 lh. dovn at $31 5033 and 400-550 lbs. 420.50612150.

Boara lecured J13.35f4 $1.3 75. few 414. Sheep Reeeints 800. Denerat quality nf n-oved unattractive with 1 genera portion listed in utility and rood yrades. Prices t'-aln sought lower levels to lit mostly $1 downturns.

Choice and nrime mainU sold at $20. few $21. Some choice and crime In a "pool" shipment went at Good brourht $15(17. utility 410tl2 and culls hack to 45. Cull to choice e-es earned steady prices at 43i 5.

few $4. Feeder lamb outlets continued extremely narrow. futureVmarkets TOCO- Ft.turM clfwd to 11 lopr. 114 contriirtv Sfntfmber 31 30, Drembr SO nominal. March 3 Sp'V Arct nominal.

"iiturf No fi clve1 rontr-Tts. Nrvetrhr Worll mrar l-'tiTr No. 4 cl'-d tn 3 Srs 74 cnnfrjiclv Ott'-twr 3.r7 V'rch 29 May 3 29. July 3 30. Se-itrmtwr 3 31 Paw ii2sr nt 6 40 rtimini, roFKI Spot Pantry No.

4 fltrfij at fil fO Tot und frpht' nf(rlns Sa.nlf F.fMirlvn 3 75 nri rt 58 aSfcHR.TS tkH. Sanrn Nn. 4 filfurrt 14 to (j? hirhfr. Wt 12 pfirrmofr fi? OJ nominal, TV-rTTif'T 5R8iS'S9(l Merrh 57.30 Mf 3 nTiinc'l 55 55 i5. Santf futures closwl quiet, no aales.

VF'V roPK. Sept. 17 fAPt So Ttotv mi-tal prM trwlay Opnr 293fc a po'inrj. N- 10" a nruM 5' l.n'j.s. Tr fU.c a L-un1.

Nw Ytk. 19S2-53 i Hk-h Low Dlv. STOCKS Amei. Tel. Tel.

I 0 Am-rtcan Tibicco (3f Anscon ta C'jpirl ll.SOat Armco Steel 13 Oil R'f. SOU Chesaper.ke Ohm i3i 10 0 cm ti Ch Con. ill 45 2 Cin-mniti (5 25al 7 0 n'tl Telephone 4.50 i 4 4 Cm'tl Tianm Comnany aflOOn'ii T. an-it nda (41 jCr i lies S-rvice 14 i Col. Ohio Flee.

1.401 (lis I.6O11 Davton Powir I. 'Tht ii du Pont de Nemours 1 1 ,7 0a I f. ectrlc Auio-LUf I 3d I 'lei'iral Klectnc (3i Crnr.tl Mo.or.i 14 1 Creyhound (II 27 0 Mfff. Co. (1 20ril lntermtmn Harvester 2i 4 1.2 Xroser 1.60 1 Nat'l C'th 1 3' Packard Motor Car 20ai Perm Ri'lnad 1.75 53,0 Procter (t C.mble 12 so 1 2 1 5.0 0) pc preferred IS I Pure Oil 1 1 1 20 0 ftanlill I l.r.0i Standard i 1 N.

.1.1 I 3c 1 S'anlatn Oil lOhloi 12 401 Union Carb It Ci'h 1 1 50( 1 24 4 S. Prnvlr.s (1 0n 40 do preferred 1 1 50 Tnited Str.tea Si eel (3 1 3S I 40 I It! 10 DciTT 41, '61 3s '43 do 2 34s 61 Alum Am 44 35 100 0 Alum Can 3'. '70 Am Airl 3s '44 Am ft FP 4 80t 47 Am 31 '64 7 10! 0 1 90 0 54 63 4 98 117 2 694 115.1 99.4 64 109.1 19 DuqLI '77 trie 4Us Flrest 3s '61 oKlaEC '74f do 3-s o.i (to 3 '7 3 do 25 'fit do 2 '7 1 (to a io '40 do 2 'Ji6 Am Tab 3a '63 do 3s '89 4s 15 ACL 4i-j 44 BAiO 6a do 5 '7 5 do fts 'Sarj do os Oh do 5 200(1 do 4's 2010f do 4s '73 do WV 4s 'SO do SW 5s 'SO 2-s '76 Bis Me 4 701 do 4s '60 But 4- 7t Bush 5.4s '55 Can Sou Sj '61 Can 4 a4a do 4 57 Can 4s perp C- an 3s 6.4 Cen Gl CRRNJ S7 rtoj'ji Cl 4s 06 r.M;'cv 4' 2044 ct 41,," qo CMACccpt 4s GtNor 41 flBfcW deb Bf Houst 3'. 69. ,3 5 47 0 8 42.6 13 99 3 3 97 3 10 1 10 2 3 0 HudC 5s '62 H4-M rtE 5a '57 do 5s '7 51 III Bell 2 '81 IC do 4s '5S 3 hi.

0 8 1 1 13 5 33 14 1 4 1 1 10 12 95 5 74 4 74 0 74.2 4 .4 4 4 .4 a S7 0 SO .3 92. .4 34 2 70 4 44 2 IntlStl CV ClntGNapBs '53ll qdo 6s '52 If Qdo 5a '58 CI K. 41 4s 'Tf. Leh C2003 I.N 3'4S 3003 Manalt 4a '57 MirhCC. 3Ss '69 MSPSS.M 4 '9 If M-K-T- 5' '62 do a) 5s '67f do 1st 4s '90 '49af Qdo Ss A 65f 0d 5s F'77f Odo 0'74f odD 4s 4 0t (idi4s St 0d'4s '7Sf MuiiAM 4 '91 uivE 3'jS 3O00 N.itrai3'Ks '76 di.1 '7 0 'TO 1 100 0 35 106 5 2 104 3 10.4 6 102 4 9 3 6.4 4 5 I 0 93 1 -n 0 100 0 4 0 69 47 1 '93 '58 '73 35 34 76 6 6 First Cor Potent Though G.

I. Seldin sought tht llrtl outo patent in 1877, tht pattnt wai not granted until 1895. FIRST hr lVftS 7. 'f 'j T41IT UMON 0IIN lnn home tutoi or; ELECTRIC LIGHT AND PCWER WIRING ESTIMATING SUPPLYING CONTRACTING Vou flume Id irr You. From Hitler Wrn.

I. Vandrrbank BECKER ELECTRIC CO. 1600 Walnut St. CH C33S 1 24 0 1 0 47 1 0 5 35 0 0 1 Ark 7 3" lO.O" 8 3 108 0 .17 4 1 4 34 4 f.10 .43 0 53 0 14 4 14.4 4'). 3 .4 1 0 .314 22 4 ,14 0 17 0 3 0 4 4 12.5 134 5i 4 62.0 4 0 Ti i 0 1 a 90 0 52 0 .914 04 0 Closing Quotations 74 4 35 0 34 0 34 5 Dow com 1 1 do pl'i 1 7 1 Fsrly Df.niel 14a rtjif-Picher i 30a 1 K'vmlca Ins I2 Frond Inv isi Art Ki.in do old 1 1 4 i 1 Siia I 50 1 I.unaenheim'r SOal Masnav.ja (1 Mefor 111 (' Play Ca-d 1 4a Wlfi Alrcratt Chamri Faner 3 rn 1 Cmt! Cn Tr 2- Jfi25 cr? on trsle.

than 100 scares (-r Fai anje 11 1 Paid or Pu- 5r- a' 1. P.J5 25 een's evra. for 50 OI. ilnd.l h.1 CHICAGO. Sept.

17 (API Range: Wheat High Low Close September $1.89.8 $1,84 1 It. 88. On 1.84 8 December. 1.93.3 1.86 8 1 .89. Owl.

89. 2 1 94 0 1.89.4 1.918W1.914 1 94 1.48.4 1 90 6(4 1.90 4 July 1.88.0 1.81 4 1.85.0 Corn-September. 54 J.44 8 1 54 December. 1.47.3 1.4,4.4 148 31.46 4 March. 1.50.1 1 44.1 1 .44.6 1 5 May! 1.51 0 1 49 1 1 49 5 1.40 4 July 1 51.0 1.50.4 1.50.4 Oats-September.

.73 8 .71.0 3 ,71.4 .73 4 .72 I .72 3 March .74 3 .73 0 .73 3 .73 4 May 72 6 .71 4 .7 1.6 July 68.3 .66 0 .68 4 P.ve September. 1 86 1 03 4 1 03 4 1 10.6 1 07 8 1 08. 64 1.08.4 1 16 4 113 4 1 14 0 May 1.14 4 1 15 4 1 16 4 July 1 19 0 1 17 0 1 17 4 Soybeans September. 3 57.6 53 6 5 47 4 November. 3 54 3 3 51 0 3 53 03 43 1 2.4.4 6 3 42.4 3 54 5 3 54.4 March 3 55 4 3 53 8 3 54 6'i.

2 55 0 Mar 3 54 4 3 51.6 3. 43 410 3 53. 6 Ju.y..... 3 49 3 2 44 6 3 44 0 M'WT4' '61 qN 'TM 5'-s culo Sa 56f NYC 5s 2013 2013 do 4 '94 NYCMR 3', a '97 NYCL.4 31 '96 do re NYC Tri '7 5 NY LAW 4s 73 NY.4H4i.jS 2022f NYNHH 4s 2007 qS'YOW 4s '02f NYT-i '4 2 -r 41 '7 4 1 4' 2047 do 45 '97 d'i 3s 2047 Vo 74 94 2 f1 1 1 1)0 0 2 9.4 0 17 104 4 11 102 3 C.il'n 3 1 43 do 03 Ch4-V1 4m C'Fn 4s 'fiO do 2 CmiI'iiT 2t '74 '7 7 CCCSI. 4 1 '77 4j '90 C'K'Ill 3s '70 C'S; 4' .5 '41 00.0 3," 4 mFd 3 '77 CnGBa 4 1 54 do 3:.

'67 CnHRruri 3. 3001 "onP 7 i n'Ex 3 '44 Cu'-RR 4i 7 Of 1 93 3 27 12 7 il 0 6 44 2 OH 4 2 1001 9 914 4 04 12 I 0 a 2 2 9 1 11 4 1 913 i r.4 0 I Bid A-i 1 Aluminum Ind 112 13 2" i Amer Uuno.v (21 21.5 22 5 Bairrank l2Ual 3 0 I Co I 1.501 20 3 I 1.4 I Beau Brtimmrll 1.501 ,3 4 i Brewing II 22 7 2a 1 i Carev 11. 60 IS 3 17 0 i Chariio Parser il.SOl 23 3 30 3 do 14 50 97.4 10.3 0 Chynitold 2 4 3 3 Cin G' E'cc p'd (4 1 '14 93 0 i CNrATP com 1010 do Ctd 15 104.2 1 Cn Ti'Dacc Ware 35 4 sr Yd 1 7 St 13 4 17 0 1 A (2 50 fib Ohcn 1 Dan ill 1S4 150 Crvjtal Tis.ue 1 (-0 1 4 13 0 Day Mirh Ouar 1.751... 40 4 Dixie Cream 1 50 1 14.0 iiv imnnired T'a' sa'ey Rer" 1903 Glares. T.Ml a-e b-e1 on lft t.a3 on red 19V1.

ri Phis 50 cr.s if 41 r.i Piua Slindard tils A woman should hold on to Jior I Youth, hut not when hp's drivinc! I i sleti 1 Savings Accounts Trust Scrvkfs i 1 i 1 '1 SI A I i i 1 i 1 YOUR ,1 I it 1 1 I I riirral Dtftsit loans.