The Tennessean from Nashville, Tennessee • Page 25

THI NASHVIllt TINNtiSIAN, Unity Mornlnj, Sp. IT, yf Employment in Siate Shows Rapid Gain, Hears Record High Business Outlook Southeastern Economy Cotton Futures Close Lower Hogs Display Price Decline Current Market Boom Not Based on Margin Analysis Emphasizes Shift to Industry Nashville Business Notes Increases General; Jobless Claims Drop Manufacturing Demand Heaviest; Cool Weather Boosts Food Prices By LLOYD ARMOUR Irertor of United TextiN workers The employment situation In the doldrums during! -Affected, umonu others In Die Hogs met a very unusual price decline at. Dm Nashville Union stockyards this week. locally re ceipts were rather light but a sea BETTER TRADE BALANCE U. S.

imports rise sharply as foreign countries soiiaily increased volume at many NEW YORK L-T') Tho cotton futures market closed with losses of 3 cents to $1.05 a bale yesterday. Final values were at the lowest of the day. At the start, the market encountered textile mill buying and some short covering for over, the weekend. However when this demand of the major markets resulted in radically lower prices elsewher manage to cut purchases here. DIXIE INCOME, 1919 AND 1949 FACTORY PAYROLLS QUADRUPLE, FARM RECEIPTS UP ONLY ONE-FOURTH IN 30-YEAR PERIOD Nashville pi ices held up rela 1900 ISOO A tively high in proportion to other markets during most of the week 1250 thejwith toil on Monday at 23 2a.

How Foctorjf Payroll much of the summer, is now mov-k wi" Tri.iWH.sw. which was satisfied some profit taking 1000 ever, tho market failed to remain in that strong position and closed on Friday with the bulk of hogs selling at 21.25 to 22.00 for weights Mi cxpom i 250 ainco ouno me nurnncr or unemployed has gradually fallen off Incomi from Agriculture 0 750 of lbs and over. 4 2 3 Th.it represented a decline of 1 25 to Buying Pace Unabated IICSINKS.S NUMMAKV-The accelerated buying pans which began after the Kmcm lash continued unahatj-d tnrough August, with the aggicg.ite volume of I 500 as reflected by claimants for unemployment insurance, which! dropped almost 10,000 from June to1 Bept. 1. I According in flmirpn nf the Ton ever 2 00 rum a wee eurller.

iieuvy w.iihl lieu wits scarce with the lltflit w-uii's u.jka.n uu mi Increased pr.j pum.ei ol tin? run 'Die result ails ion was attracted and prices moved downward. Dealers attributed some of the selling to the more favorable developments on the Korean front. In addition, some traders were expecting an increased flow of hedges in next week's market against expanded picking of the 1950 cotton crop. Some hesitancy also was injected into the market by expectations that a favorable war trend might cause a slowing down in textile buy s.flei tlisiririiiiiftliori against h'tKS 230 uri'lcr Jl0 Kows were I 2 f.r "he week, 'he tiade nnti a hove l'J 01) to 20 M'isl 1 I I I I I I I I I I I 1 I II I II I I I I JI-yiMJ JA40N1J mM JJAiONilJlHAMJ JA40N0JI MAtl JJASOKDJ fHAM Nashville ii i er weie agreed Dial bantu i business Dm! veiy nessee Department of Employment ecurity, total non-agricultural employment rose from 692,400 in July of 1949 to 711,500 in July of a 2.8 per cent gain. Outlook Reported Bright it.ilK St-, ill, il sold suite Iiijpmu i.

it Virht.K s'c (ID from Ml I 1946 I 1947 I 1949 1 I 1949 1 LI950-J tola D.partm.nl of Comaum tipmlfir J. A. Livingston niil Vmm 25c ninlicr lf- suiilill'-s Bulls were urir-ven t. weak A few and hellers hireiaht 28 110-Ui' lehk of Mh'IhIiiit kind diiisimard. Cows bulked al aTh must, hulls ijr'wi-cn 17 50 A few sunken and feeder 1919 1949 1919 1949 ing particularly on the part of 14 (Kl-l-o on nnd 23 The rush by housewives to stock many food items had gcneially snlcd, alt hough sugar and soap wei i still much in demand.

Appliances. i -ti ins irouKiit but lie 0 civilians. The weakest delivery in the futures market yesterday were the most feeder soi'I between 22 011 and 28 00 Investors, Speculators Fear Inflation More Than Lower Earnings, Dividends Factory Payrolls Quadruple Payments Of 30 Years Ago; Farming Diversified ven i ves soki actively with a net a.li,iiiL'.- el over 1 no for the week. Most calves snid at 0i) and hr-low, ul'hoimh levernl iff e-rl ks reached '15(10 I. He Sheen nnd kiuibs were nenerallv most surlniicn selling frorn anno with a few to choice lots at Of) Awed sheep were scarce most The outlook, according to the department, is bright.

Contracts for the armed forces, change-over to fall and winter patterns, speeded production In the manufacturing group are expected to contribute, to the upward trerfd, In the non-manufacturing- group, anticipations for the next few months are for higher employment levels In transportation and mining, and fr distant contracts. With buyers on the sidelines in that section of the market only a few selling orders were sufficient to cause the price of the December, 1951, contract to drop $1,05. fill'liit lit television clothing were moving at a biisk pace. Although construction figures for the fiist. part of are still being compiled, Indications ale that building ievelH will still reman high.

Local observers predict that home By JOSEPH K. HEYMAN laga of $383 to $890 last vear. All By J. A. LIVINGSTON During the wage-price-profits boom of 1947 and 1948, a favorite comment in Washington was: "At 10 OO 400 Open Southeastern Business Consultant of the Rain took place during and ATLANTA-Comparison of invite'- World War II.

Oft I Dec. Ch icaqo Livestock come payments in with those What happened to our per capita 'March 41.14 41 41.15 40 85 40 ia Low 41.10 41.05 41 07 40 83 411 05 35 51 Close 41 14 41.11 41 08 40 81 40 05 .15 57 High 41.20 41.21 41 24 40 89 40 30 35 74 35 37 off 3 off 1 off 10 off 5 off 15 off 11 off in Jiusf uramattcany reveals a tre- between and VJ21 clearly building will wane in the fall 'months, but that industrial building and expansion will more than compensate for Die slack. Despite, tho almost prohibitive July nilfAClO-ol'i-iUSOAl Salable. hos 300, total 2.SO0, rompared weelt ako barrows and 2 00-2 25 lower; sowi lower, most decline on iws under Oct menaous jo-year snirt in the South-1 shows the danKers of our earlier east away from agriculture and! heavy dependence on agriculture. .15.74 35 37 Dei 35 35 08 UU lbs.

Week's trm 911s i Middling spot 42 Bin, oft 3. .1 r. oo iuui.tciuiniK. nNominal, a sustained or higher level In construction, the department forecast. Davidson county, which showed a decrease in total employment from May to July in the non-manufacturing division, was leaping forward to reach a new high.

Many Lines Show Gains Employment gains are apparent In apparel, with fall production building costs, a laigc number local business men are being for weinn.3 lflrl'- Most iiood cholre Payrolls of manufacturing plants in the nine-state Southeast were more than four times as great in New Orleans Cotton ins. weimiis cn.sed at 21.25-217,1-1180-210 lbs. welKhls 20 150-170 Uu. mostly loo-2lW. Sows under NEW ORLEANS -(-P-Afler dvancln In 1949 as in 1919.

Total farm income" to build by an expanding volume of business. Shortages in material are adding to building woes. Steel, Copper, lumber are getting more difficult to the early trading here yesteiday. codon futures eiiseil off under week end ionu mtllzlnit and heoVe selllnc. Closing prices were steady.

25 cents a bale lower to five rents hlcher getting under way; in fabricated metal products whero several Tradiiiu was riulet Willi fluctuations. In 1919 the regions cotton crop was big and prices averaged cents a pound. Result: prosperity for the Southeast. And a per capita income 62 per cent of the national average. Washout Impossible In 1921 the cotton crop was short and prices had plummeted to 12'; cents.

Result: severe depression in the Southeast and a per capit'" only -18 per cent of the national average. With a fourth of our income now coming from trade, a fifth from government and only one-eighth from agriculture, no such least the speculative fever hasn't caught on in Wall Street." That can't be said today. Wall Street is its old, volatile self and having a gay, exciting time participating in the post-Korean inflationary upsurge. The stocks of tho nation's railroads, Pennsylvania, Atchison, To-peka and Santa Fe, New York Central, which have been despised for so many years as not having any oomph any growth potential have been particularly splurgy. As a group, rail shaies have pushed to the highest level since mid-1946.

And industrial stocks, which early this year surpassed their 1946 highs, are climbing toward the heights attained just prior to Korea. This is not ail to the good. It's a warning to Washington that people aren't too happy about their dollar. plants have new contracts; in sea at 20 360-400 His at 1 50-20 75; 400-500 lbs. at IB 50-19 75.

Salable rattle 1100 (estimated i tolal not Blven, compared week ao- fleet steers mid yenrllims steudv to 50 higher, all and mut choice steers lully 50 hikher, medium and ood steeri lluo lbs 'P mostly stt-jdv; hellen 25-50 hiirtier; rows steady; bulls 25-75 lower: vcalers 50-1 00 hUher; stockers and feeders strone to 50 liinher, load urinie 1501 lbs. breves and two loads rlu.lre to prune 1100 lbs I I 7n i -i obtain. Hut despite this, bankers and real estate men still forecast a lot of activity through September to December. and farm on the other hand, were only 26 per cent higher. Our percentage gain in factory payrolls was half again greater than the rest of tho country, but our faim rise was only half as great.

Analysis in Book These conclusions are based on onai increases in lumncr and paper, continued Increases in pri 25, when tho North Koreans took the plunge beneath the 38th parallel, commodity prices were showing downward tendencies, and department store sales wero barely holding their own above a year ago. Workers Got Cockier The inflation air has gone to workers' heads. If they don't like the boss or the job, well For the fifth successive month tho quit rate has risen. It's now 19 per 1000 workers, as against 14 a year ago. At the same time, the layoff rate) has dropped to six per thousand, ua against 21 per thousand a year ago, No boss can spare manpower.

And, as during World War the tobacco, textile, and food products plants are having an especially hard time keeping help. Woikers are quitting to go to higher-paying jobs in metal-working plants, The price boom here has pleasant lepercussions abroad. The Wall Street Journal reports that Europe is selling sleel in the V. S. gray maiket at double standard prices here.

Imported zinc is "higher by SOCr and copper by a. third." Coffee, rubber, wool are 75'n to 200', above a year ago in price. Result: V. S. imports from foreign countries are at the highest level since December, 1948.

That contributes to a much better trade balance between this country and the rest of the world especially since foreign nations have cut their purchases here because of a shortage of dollars (see chart). over a imriow rauue. 1 ne eany demand w.is attributed to tnde buylni? to fix irtre.s and heavy rains In the portion of the belt. fd'tlinK 15 lii-ineh sunt cotton remained unchanged at 40 95 cents a pound Local spot areourCrd to 4 1 (12 bales Open HiKll Low Close mary metals, furniture, machinery, transportation equipment, scientific NAMES Mrs. Klizabeth 11.

Tost of Golf Club lane, has joined the! and choice to nVim. and profession Instruments nnd in electrical machinery. A 3.1 per cent total employment Nashville brunch of the New '0-33 50. bulk sood and choire fed: an analysis of fiRUrca puhliahed land Mutual Life Insurance it 'a -'a 7S- a book entitled "Income in the 04 41 01 4.1 'W 40 M4-B 40 5 41 el 4(1 H'l 40 112 up 1 40 ,18 41 15 40 (10 40 OS off 2 40 fi9 40 78 40 5 40 ti5 off 1 40 03 40 11 39 32 39 94 Oil 5 Oct. nr Mrh.

May July increase was seen by the end of Middlinq Cotton was announced here. She will serve as life underwriter, Thomas (j. Harrison, general agent of the agency here, said. Mrs. Post, a member of the WAVES in World War II, is director of the women's section of the cl ilia around l.iOO lbs.

steers 3125, medium lo luw-tood steers 2b ll(l-2ri 25. aix loads runnnon halit ura.s'rrs 21 50- 25 00. (hmre 774 lbs. n.eitd yearling 32 00. I.e..

I rh. dee lo prime lldil lbs hellers 3175, bulk ir-iod and cholre heifers 2H 50-30 50. medium to low-uood 25 50-28 ii. row-. 22 50.

rominnn and medium beef rnws 11150 22 00, ciniors and cutlers 15 50-11150; most medium anil good Miusime bulls 24(iu-2ilOO: medium to choice venlrl 3d choice, yearllim tredlmr 3 1 75. I'l 50. bnllr leeHh.m Various States, 1919-1921," prepared by the National Hureau of Economic Research. The bureau's work reports the only income estimates by states available for yea is prior to 1929. The U.

S. Department of Commerce's estimates start with 1929. Southerners earned a total of washout is possible today. Regardless of what should happen to farm crops or farm prices, we are In a much sounder position to meet any future dips in the economic cycle. Next week we shall sketch the records of the individual states over the past thirty years, as reflected by income payments.

Not a Margin Market This is no lOU market like NEW ORLEANS -The overnce price of mlddlnu 15 Iti-inch -spot at 10 designated southern markets yesterday was 5 cents bale at 41.13 cents a pound, previous (lav 41 14; week aco 40 94; month ai-'o 37 "fl; year ao 29 97; averaae for the past 30 market. Tennessee? bar association and is and aood ice. Jinn steers nnd yrarlnus $7,100. OOO.OOO of income from all rtavs was 39.16; middling Vlnch averaee 39.73. international relations chairman the Nashvlllo Leaguo of Women voters.

this month, with tho greatest hike In manufacturing. Greatest Demand Greatest demand for. labor continues to he in the clerical and Hales field, with unskilled and service second, semi-skilled third, followed by lesser demands in skilled, agricultural and professional workers, the department said. Although nearly all firms are anticipating problems of replacement for men going Into tho armed services, there is no current specific occupational shortage In the arear, other than the usual demand for skilled workers In certain Industries, the department said. 00-3(1 oo, good around looo lbs, weighta sources in 1919, according to the sources in national bureau.

Last year the Department of Commerce reported out- Salable sheep too 'estimated! total not clveri, compared week au-o Slaughter Iambi fully 50 lower; ycirllnss ep strong; ugnreiiate 12 total dollar receipts at an increase of 226 per cent Farm Insurance- Record James 11. McCabe of Nashville has been honored by the State markets head uver week earll The rise has been linanced pretty solidly with cash, not borrowing. In the last two months, debit balances of customers of Merrill Lynch, Pierce, Fonner Jicane, giant brokerage firm, whose offices blanket the country, have increased only seven-tenths of one per cent. And, if more evidence is needed, brokers' loans, as Indicated by the weekly statements of reporting Federal Reserve member banks, are down fr.im $1,300,000,000 before Korea to less than a billion today. No margin buying that.

Contiarily, the stock market ad winch included a hoimay, but still weir during the thirty years. below year eariler: native slauahler Bull Market Shows Advances for Week farm insurance companies for his I prulo minuted locally but two loads choice 1 National verago 'Muting arrived lo lim ai 2 no native Notinmillv. income Davments production record. McCabo has been seleccted by the, l.unos raiiy 28 50; top 27.75, Lmik olimtied by 198 per cent in the siate iarm com- three decades. We beat the na- panies to at-i Bood yearlings 24 00-25 00.

nood In rho: tend the Institute topping at 25.25; common tional average by 28 percentage points. NEW YORK Mi Wall street's bull stock market-roared a bel i entire ewej active at ii.viu-lJ.: v.r i i ioto LOANS INSURANCE APPRAISALS Union St. Phone 6-S195 odd head 13. 7J. 207 vance comes in the face of a low of confidence this week.

After stumbling Monday the market thrust ahead running. The advance tacked on more than 2 billion Food Prices Up Cool weather brought retail prices for meat and many other foods up slightly last week, with most Nashville housewives finding prices for roasts and chops, and even poultry a few cents higher Loin chops, selling early in the for four days dollars to the nixies lairn uu iuhh hi sw-taled $2,300,000,000, nearly one-third of the region's grand total. 1919 farmers had increased of Life Insurance Marketing at l'ur-d university, the companies announced. Leading in multiple line nppliea- going value of all stocks listed on the exchange. When the market closed Friday prices, as measured by the Asso their net receipts to $2,900,000,000 ciated Press average of 60 but this larger dollar total accounted for only one-eighth of all our in Flour Business Helps Grains Saturday's Markets in Brief MORTGAGE MONEY GUARANTY MORTGAGE CO.

It Ions, AleCalie has come. ween in the 80-it'J cent-a-pound range, were showing a slight advance. Eggs, grade were up In many stores hero from 3 to It) I'. demand lm- flour treniumed at the I top of the list in: were at the highest point since June, 1946. One good Bhove and the average would be at a peak since 19.11.

In a notable display of strength the rail group thundered ahead to writing new poli- And farming itself has shown a healthy trend toward diversification. Livestock, which brought in only one-sixth of farmers' income in 1919, had moved up to one-third Cents. Higher also wero creamery REALTORS St. best grain not held. Da's Mixed: small price changes.

Hots Nnminally Cattle Nutninallr steady. than 329 Union 42-4271 higher normal corporation tax and a pledge of a retroactive excess profits tax next year. Normally, such tidings would bo bad news. But, apparently, investors and speculators care not. Tim inference is that they are more afraid of inflation than of lower corporation earnings and dividends.

Again In August, redemptions of savings bonds rose, and topped new sales. Presumably most of I these cash-ins were "invested" in electric refrigerators, down payments on homes, new cars, etc. People feared wartime shortages. Rut some of the bonds may have gone into common stocks. Purchasing Power Preferred i The treasury faces the job of CHICAGO A littlo better cies longer I-'iny other a tin lgent flour business, plus the prospect of ()f tjle jgj Ma a ly-year pean.

The market put on Its greatest ln tho state, the tho state, APPRAISALS5 jn.n-uii in (-Alum ueruanu, gave annou cutter and cheese. Sea food products were edging up, also. Most canned goods were holding a steady level, although the long range outlook Is that tomatoes, lima beans and corn will be higher In a few months. I McCabo display of strength in the faco of a ja slight lift to wheat on the board Raid. Eriglert, 309 Chester Richard II.

yesterday. Other cereals were not influenced by wheat' modest gains. Wheat ended higher, corn 'i lower to higher, oats '4 lower Held has enrolled in the two-year aeronautical engineering thousands of shares of stock were dumped into the exchange for sale. Again the ticker tape lat'ged. This time, though, buyers weie a trifle more reluctant and prices were slowly forced back.

The effect of news that United Nations forces had successfully landed in force far behind North Financial Condemnation Real Estate Analysts Insurable- value evaluations Tax Equalisation Consultants sine 1914 Biscoe CRIFFITH Company 214 Union (Realtors) 6-0951 Factories More Important Manufacturing payrolls amounted to less than $1 billion in 1919. Last year they had ballooned to more than SI billion. Our factories are now more important dollar-wise thrtn our farms. For every $1 of farm Income received in If) 19. our citizens earned grim news menu.

Developments that might be expected to give the market a bad case of indigestion cause no more than a polite hiccup. Credit Controls Back Iast week end, for instance, consumer credit controls went back into force. In a fireside chat Pres course at Aeronautical In stiiute in Ilawlhorne. Calif. The U.

S. Rureau of Agricultural economics still predicts a slash in prices In meat later on this fall, di'n to a large production of hogs. Dun Rradstreet's wholesale food price Index lumped lat week ito higher, rye lower, soybeans l'-j to 2 cents lower and lard 5 to 20 cents a hundred pounds A veteran of World War i', Eng-; lert previously attended Castle Heights Military academy in Leb-i persuading Americans mar savings lower. Korean lines wns not immediately (n Ihr.rtila nr v. -ml I.Lii I 111 II III i i Tff "it ttfrr" only 43 cents in manufac ident Truman laid it on the lino mmemm, NdSllVllltj UUUUII UU Mill wauld entail.

Eire. up in the house was trying hard to in the final hour was considerably come. It la also significant that farms 4th at Chestnut Phone 6-3674 get an excess profits tax on the law i.liO 2 30'; 2 2V, 1.54',-1 4rt 1 49 'i clearer. Peace stocks were in favor. Auto issues joined TV shares in a smart rise and the balance of the and factories combined are rela hooks.

Government machinery ior market tagged along. When the allocations and priorities started to grind out directives. tively less important now tnan they were In 1919. In that year the two together made tip 46 per cent of our total Income. Last year they O.r March Mas- COKN Sept Dec.

March Mnv OATS Sepl Dec March Mnv RYES' 1)1 Dec May Rail Safety Awards The Louisville and Nashville railroad and the Tennessee Central railway nre among several to receive the E. H. Harriman award for outstanding safety performance In 1949 at a dinner sponsored by the American Museum of Safety at the Hotel Ambassador, New Yoik, Sent 20. LAN is to be honored for its outstanding safety record among Class 2 II 28 1 54 1 64'i 1 411 1.51 .80 't 1 39 1 42'a 1.48' 2 301 2.28'. 1 54', 1 46', 1 50 1.5P1 .81 "2 i .80.

1 40 1 41 1 4H' closing bell sounded Friday at 3 o'clock, quotations were slanted up- Tho effect on the market was the vT'itis weeK. wiping out the first decline In 12 weeks. Wag Demand Reported Both the CIO and the A Ft, textile workers unions are going to demand wage Increase for some textile workers in the South In the near future, according to union officials. -Emll Rieve, general president of the Textile Workers Union of America, CIO, announced in New York that his union goal is a 15 per cent ward. had dropped to only 30 per cent 2 2fi 2.28 1.53's 1.45'j 1 414 1.50 4 .80 1 3R' 1 41', 1.48 2 M'a 2 42 2 45 411 2 Yesterday the rails had far out of the total.

steepest rise in nearly two months on Tuesday. With railroad issues; setting a hot pace, the entire market moved up to equal its 1950 high. power of the dollar since has made many persons property conscious. Unlike the depression 'thirties, people are less worried about safety of principal than of "real" value. They have the feeling it's better to buy soon than late, because prices are going up.

Commodity prices are not going up quite as rapidly as they did immediately after Korea. Nor are department store sales. But businessmen are still bidding tip prices of raw materials and housewives are still buying more heavily titan they did a year ago. The story can best to told statistically. The following table shows (li how sensitive commodity prices havo gone up each week from the preceding distanced both the industrial and Income from all other sources- Manufacturer of Cottonseed Meal Soybean Meal Cottonseed Hulls Poultry and Dairy Feeds utility groups.

government, trade, finance, prop Wednesday the advance showed End On Gains SOYHEANS 1.51 .81 1 381: 1 42- 1 48' 2 40 2 42' 2 45' 2 47 14 80 14 fill 14 50 14. 'Ill 14 70 14 95 even more power, sales volume A railroads in the southern district. iN erty, Increased from per cent of the total in 1919 to TO per cent in 1919. Every one of the 20 most active 2 tri' 2 4.1 stocks during the week ended with 2 41, 4 2 4 Tennesson Central's award comes ini Class A railroads are May'' those operating 10.000,000 lueotno-L gains. Advances ranged from a lew cents to more than S3 a share.

live miles per year. Among the more popular shares 2 4fi' 2 411' 14 85 14.70 14 Ii5 14 H5 14 82 11, Oil cost-or-living increase. The AFI, is asking a 10-cent-an-hour hike, Joseph JacobB, Atlanta, southern di- Mi Albert Lee Lovm, 'joins Union Trust Co. Heal Estate Department 14 77 14 60 14 Ml 14 14 .70 14 a 5 were: 14 77 1 4 to 1 1 14 10 .14 72 15 DO Dec. Inn.

Ma nil week after Korea nnd (2) how N. Y. Central, up at Canadian Pacific, $1 at Konguet Mining, 25 cents at International Telephone, $1.37 at much department store sales have gained over the comparable week Government payments account for most of this rise. Local and federal governments now pay out a fifth of our total income. Economy More Rounded But tiade and service have also contributed.

We now do more of our own banking, handle more of our own wholesaling, nnd are more of a vacation center. We now have a more well-rounded economy than we had at the close of World War I. On a per capita basis, our Income climbed from a 1919 aver- Cash Grain $12.75: CltK'ACiO -l'. Wlie.it was about un Electrical Dealers to Meet H. A.

Warren, At inula district manager of the appliance and merchandise division of General Klec-tric will be the main speaker at the regular niootini: of the Nashville Klect ricul Iiealers association here Oct. 3. The meeting will be held at fi ir p.m. at the James Robertson hotel. of a year ago: Commodity Dept.

Store After Prices Sales Korea Gain from Gain from chained yesterday: Oasis red easier i-o rd urn li.uiced-. lecelpts 4.1 cars. Corn w.is i cent li.wcr: 'cancel t-i cent lower booking lu i. oil Inishels. recelots 95 ears Oats i lo 1 cent liwer: basis full Baltimore Ohio, $1.12 at Radio 87 centa at $18; Sinclair Oil, $1.12 at U.

S. Steel $1.50 at Pennsylvania R. $1.12 at TO YOUNG MEN WHO WANT TO GET AHEAD Advice from The WALL STREET JOURNAL Week before 1.9"o cent 1-iwer on hest (lua -'y tram and whizzed past the mark. The 1950 high was left in the dust of old figines. Again the rails supplied tho motive power.

On Thursday profit taking sales rolled over the market in a gianl wave. At. the opening thousands of shares of stock were tossed into the exchange for sale. Turnover' was so fast that for a couple of minutes the high speed ticker tape could not keep up with transactions reported from the trading floor. Prices Held Steady But prices held steady.

In the final hour buyers suddenly whipped up a lot of enthusiasm for steel stocks and the rest of the maiket leaned ahead. Friday duplicated Thursday's market to a large extent. Again Local Securities The followliif hid or asked prires are obtained from members of the- National Association of feecurliles Dealers, and other sources but are unofficial. They do not represent actual transaction. They ou the off grades, receipts Sorony-v acuum, 87 cents at Business Notes Cohen Kuril it un Co.

has I. cited by the National Retail Furni I fellas Year ago 10'fc-8 25 46 42 30 25 12 16 5 First Week Second Week Third Week Fourth Week Fifth Week Sixth Week Seventh Week Eighth Week Ninth Week Tenth Week Eleventh Week 3.0 3.2 3.8 1.0 1.6 0.3 20 1.8 0.7 2.6C4 Frisco Railway, $1.50 at Callahan Zinc, 25 cents at Steel, $1.50 at $43; AVCO 37 cents at General Motors, $3.62 at Pepsi-Cola, 12 cents at $8.62. In the curb market all of the five You are living in a period of far-reach ture association for a newspaper advertisement which was recently published ill THE NAS1IVII.I.K TEN' NESSEAN'. The ad was seleetced for its outstanding handling of a clearance sale, acc.iKling to NKFA TV sets in area mat top 10,000 by Oct. 1 NFS now serving near-.

WJ.0U0 customers in Nashville Land ol Milc and Honey Is Now Locking ihe Millc ing changes, incw inventions, new industries, and new wavs of rininir most active shares showed gains. Korea obviously changed the eco business are creating opportunities for nomic; atmosphere. Prior to June men who want to get ahead. It will nav vou to find nut shout. Commercial Anneal.

In an edi Pacific retroleum, a newcomer to the curb, was In first place once more as It was in tho first week it was traded. The stock took second place in the second week and ATLANTA, area tornuierce union bank di rectors recently declared extra "r)in torial, the newspaper declared: "It is difficult for them (the con widespread ar Intended as at sulde tn the approximate range niltitn which these tcurities Ga. (INS- People areas of the South to wonder today If a land of milk and cent uivi'K-nd. accordinir to Ki wini rould have been sold (Indicated by bid) or are beginning Kilmers) to understand why any these things. And one place to find out is in the pages of The Wall Street Journal.

You probably think Th Journal is just for millionaires. That Potter president. Purina deal Old Man Trouble Dogs Candidate MADISON, Wis. (Ill-Campaigning should be a snap for Mrs. Marie Nalvlg after all the trouble climbed back to first this week.

The most active issues were: bouiht (Indicated by asked at time of mice increase ran be justified now itheie really is ers sponsoring new radio siiow compilation. SANK AND INSI HANLK STOCKS ALRf RT LF.F. LOU F. JK. Pacific Petroleum up 25 While the unusual amount of rain Arm, Id, produced bv honey particularly num.

Hid Askrd 39 Announcement ii made toda of the Brown Radio productions Mur-j nre no. Demand for the cents at Segal Lock, up 37 cents at $212; Kaiser-Frazer. 75 cents at $7.75: is RONO. The Journal is a daily business guide for every substantial citizen. Its readers inclurln mnnv of addition of Mr.

I.oe, wideU kn'mn F'hree Mortga she went through just to file her i a I i Nashville, has state mortgage may have damaged certain crops In some localities, certain pastures have been helped correspondingly." In South Carolina, Spartanburg's Herald took a similar view. The Nashville real etare man. to llie real named a t-Ieetric Bond Share, 37 cents correspondent lor the Mutual nomination papers, Mrs. Natvig, who lives In the town of Cottage Grove In southern the wealthiest people in this country. at Producers Corp.

of Nevada, 25 editor concluded: xet I lie Journal can also be of enormous hell) to ambitious men who nrnn Wisconsin, Is running for clerk of bovine nectar seems greater than the supply. The question is why. North Carolina's agriculture department has come up with an answer. So has Georgia's milk control board. They cite all Jiinds of factors.

More folks drink milk now because "Whatever the cause, a milk circuit court. cents at $3.50. Producers Corp. Is a concern with oil interests In Oklahoma, to succeed while they are still young. shortage in this part of the coun H2'.

34 Ul 34 10' 3M 44 14 18' 10-1 102' 6 8 1.1' 9 28' 35 14" Life Insurance Co. of York. Nashville concern is headed by John W. president. Other members include Douglas Smith, vi' president, Herman Ad-kisson, loan solicitor and II.

L. Biiee, treasurer. She rushed into the county clerk's office in Madison with her papers just five minutes before tho try, with Its Increase In the number of cattle and the development Kansas and Texas. The Issue has Tho Journal has the largest staff of writers on business and finnnrn. Tt shared heavily in the recent strong etate department ol the L'nion Trust Oimpanv Mr.

Lone, Nashville native, who was educated at Duncan and I'eabndy, also studied at WatLini where tool; a course in real estate law. He is a Shriner, member of the American I-eginn, First I'reshsterlan Church, VFW, and past secretary ol the He-serve Officers Association. Fntenng World War 11 as a private lie lift at. five duty is Captain lour ears Inter. of new pastures.

Is not a condition Commerce Union 37 rjisi Aiiit-roao National nl' Life Casually 2S L.uiiO.,1 Llfo 1-7 National Life 32 ooiuiitiii nre Si Casualty 9 1'hiril National 300 Union Planters 42 I OKI-ORATION STOCKS Alabama l'uel st iron 12 Alabama Mills 17Vi Alauaina Power Pfd 102 Hiriniinhatn Elec Pfd Curler snoe 5' Chicago Southern Airline IXiobs House W. K. ienn. Natural Oas E. Tenn.

Natural Uinta 27' Kederai Comnrtss 33'2 r'eueral Screw 13' a General Box tJ Ua Power Pfd 112 General bhoe Com 33 General Shoe PTtf- Grav Ac Dudley 3 Inter Mountain Tel 11 rvtiili tjiiiunons 9' 4 Ky. Tenn. Clay 39' a Kir.Ksiiorl Press 9 their are more diet-conscious. Foul deadline. interest in oil stoclis the only business paper served by all lands, Then she heaved a huge sigh of weather has ruined pasture to be accepted." Rationina Possible cutting p.oductlon.

some there! lour Dig press associations. It comes to you DAILY. You eet the fastatt nrtss. Asks Reds Sent Home relief and with good reason. Mrs.

Natvle announced her can Georgia's milk control board of the milk formerly consumed STOCKHOLM Sweden yes chairman. Charles Duncan, has in Poultry Markets sible warning of any nrw trend that 2U dldncy on June- 14. Then things through tho family kitchen now terday called upon the Russian em dicated there Is so little milk In Is heinir drained off to newly ac- began to happen. On June 19 her bark was broken may anect your business, your Job of vour nersonal income. Vnn vat tVia bassy to send home two embassy employes found within a prohibited military training area north of itivated military establishments Cows are going through their sum- and her hip Injured In an auto ac some parts of the state that rationing may become necessary.

These areas include Savannah, Griffin and Cedaitown. facts in time to protect your Interests 48c 44 44c cident. Doctors put her In a east nier-to-winter seasonal change and and ordered her to stay In bed for aie not giving as many gallons. or seize quiCKiy a new opportunity to profit or win advancement.Ths Journal costs 320 a vear. hut.

vnn nn 115 ao 4 II1 104 41'i 9's 4', 31 ir'i N'a 48 42 '-a 33 IPs Mr. Lowe ii regarded as one of Nasli. 01a "Tn(i' ville'l outstanding oung real estate; ii, "large men end in his new capaci'ts with the "'l Union Trust Company, will he in positia.1 to render tike best possible wtts l'. Brood. Hon fmi service to his clients.

enii Kutterfat Premiums S4. Concensus indicates that none of Duncan's hoard, came under fire from the president of Trial Subscription for 3 months for $6 25c 4'lc 40c -tin unueu Mates and Possessions). Just tear out this ad and attach rWV Stockholm three days ago. Jasper Consul Transferred WASHINGTONCn-F reign service transfers announced yesterday by the state department included James Bock Havron, Jasper, from Ellsabethvlllo to Leo-poldville, Belgian Congo, as consul. Spot Cotton NFW ORI.PANS PDOt cottnn closed 20 a the state's retail food dealers.

Paul wsoiiie, who claims the hoard has converted tho slate's milk industry into an "out-and-out monopoly." The board also has been compared to a "little OPA, fixing the prices for a special group." Some states have had their troubles with laws regarding drinking, but few seem ever to have thought three weeks. When fairly well recovered from that misfortune, she was bitten by a dog and had to go to bed again. Then she got pneumonia. Rut that isn't all the story. While suffering from her afflictions, she still ran her ISO-acre tobacco farm and tended 2000 chickens.

During the whole time she collected almost 1000 signatures on her nomination papers without help. Memphis St. Rwy Com 3'i fflver uel 30 Mississippi SlilpPina 14'a ''4 Nashville Decatur 4(1 National Casket Cora 40'i Plillllps liuttorff 31 Southern Company Ill' Southern Indiana ClAE Ill's Soutlrern States Pfd 17 Spur Distributing 25 Tenn. Ceiitral 9'a Tenn. das Trans 25'j Tenn.

Natural Gas (3 Tenn. Products Pfd 5' Tenn, Prod Com 16' Texas Eastern 1 United Transit Pfd 30 Untied Transit Com 2'i 18 27 answers satisfy the little lady who does the family shopping. Price Boost Studied Reactions at Memphis, directors of the Mid-South Milk association meet, this week to debate a retail price increase. They already have approved a federal order to regulate handling. Thinking of folks who would be affected by higher prices apparently was voiced by tho Memphis 10 '4 for and mail.

Or toll us to bill you. Published daily right in the South-west to bring you vital business and Washington news Immediately. Address: Southwest Edition, The Wall Street Journal. Ynun rnvdr hiaxs EVERY TYPE OF REAL ESTATE LOAN PHOVIDI THI ST 10. 20 UNION ITRIIT 5-3122 21 8 5 17 17 32 1 stfady.

unchmiirerl. 8n1r- 4182. Low middling 3S.9S. Middling 40 85. nond middling that such matters would Include a bottlo of 100 proof cow Juice.

i Street, Dallas 2. ntsj-H 41.60, receipt! 7734, a toe it 475, 957. --r. Arif I-- flA kA A AXA A is. liitAisiaa h.

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