Arizona Republic from Phoenix, Arizona • Page 45

o( 1 1 r': If Thursday, May 6, 1954. -The Arizona Republic, Phoenix Arizona 45 I Council Denies Sales TaxiExe Work Picture Brightens LOUIE By Harry Hanan April Count -'Likely Action Will Protect Property Taxpayers City privilege license (sales) tax exemptions asked by a group of leading Phoenix merchants have been turned down by the city council. Each of the 25 firms involved has been notified by letter of the council's decision, Mayor Frank G. Murphy 1 said yesterday. To Sho Jobless Cut WASHINGTON (AF) The government's count of unemployed for April, due later this week, may showthe first decline in joblessness since last October.

Art increase in employment and a decline in unemployment Is usual between March, and April, census bureau figures show, and government oiliciais said they were hopeful this year'g jobless trend will be reversed. He said the retailers were told that it would be impossible to grant their requests without increasing "the property tax or drastically reducing city services. A petition signed by the 25 firms and presented March 24 Unemployment has Increased from a postwar low of 1,162,000 New York Stock Exchange Prices last October to 3,087,000 in- Jan uary, 3,671,00 Oin February and 3,725,000 in March. Administra' Sales Close Nt. Cbr.

Sales Close Nt. Cht. NEW YORK (AP) is a tabulation of selected CrucStl V. 24 StLSanPpf. 4 66 hi asked immediate relief on two points.

These were: 4 6 tion officials said unemployment 13 18 oil LOFGlass2.40a 2 stocks tiaded yesterday on the New York Stock Exchange showing volume, close and 5 69 25 5 11 30 17 14 Xd34 appeared to be "leveling off when it increased by only 54,000 between February and March. StReePapl SavArmslb SchenleylndS Schoringe ScottPap3 SoovillMf2 ScrantonEll .34 net cnanges: Sale Close Nt. Che, 19 1 7 87 Wheat Leaps Five Cents On Grain Market CHICAGO CAP) Wheat bounded up as much as five cents on the board of trade yesterday on a private crop estimate which placed production below what the trade had expected. Wheat's strength was reflected throughout the entire grain list. Even May and.

July soybeans, which had sold in lower ground most of the session, jumped 1. THAT NO tax be levied on labor charges involved in a sale, but only the parts sold in con 3 28 I 34 45 15 14 22 47 VA 1 However, Secretary of Labor a 10-? SeabALRR3.20 84 53 SeabFinanl.80 9 27 7 1 15 60 4 3 25 32 11 13 35 8 29 6 21 6 7 21H nection with the labor. 2. That all sales to government 3 110 2 49 9 65 7714 39 21 hi 23 33 1 14 14 35 2614 23 20 25 4514 66 1 30 14. 38 .1 32's 26 mv, 13 subdivisions be exempt, since 9 27 8H such a tax, if levied, could come 9 234 2 31 S5 5 41H- only out of the merchant's profit.

Stocfe Falter After Early Market Surge NEW YORK (AP) The stock market sold lower yesterday in late trading after starting out with a confident swing ahead. The market had advanced for five straight sessions, and at the start yesterday it looked as though it. would make it six straight. Railroads were out In front as they had been in the two previous sessions. In the afternoon, however, the market faltered and began to sell lower, the railroads suffering a cut back with the rest.

The Associated Press average of 60 stocks declined 10 cents at AbbottL1.80a ABCVend.60b ACFBrili Acme9lll.60 Ad mi rail AffilGEq.40h AirReducl.40 AlaskaJun AldenslVj AllegCp Allied Ch3 AlliedMills2 AlliedStrs3 AllisC'hal4 AlphaPCle AlumLtd2 AfumAml.60 5 25 26 3 49 SeabOil2a Se.TrsRoeb2.40 Servel SharonStl4 ShellOU ShellerMfl SheratAm.45 Simmonsle timondsS1.20e inrlairO2.60 SkellOill.60 SmlthA02 SmithAlex Smith Doul.20 CubAmSug.40e CudahyPk CuneoPress SurtisPub.20e urtissWr.60 CutlerH2a DanaCp3 Davison Chi 1i Daystroml DaytonRube DeccaRec.70 DeepRkOU2 Deerele DelAHud4 DerbyOill DelEdisl.60 DetStlCp DiamAlkl Vi Diam.Mat2 DianaStr.80 DisCSeagl.20a DivcoCi.60a DixieCupl.SO DomeMin.70 DougAirc4a DowChemlb Dresslndl.60 Duplan.lOg duPontle In later discussions with city 16 7114 18 32U Va 3 18 71 officials, representatives of the retailers also asked for exemp N.Y.CAsks For Dismissal Of Stock Suit NEW YORK (AP) The New York Central Railroad yesterday asked for dismissal of the suit brought by Clint W. Murchison and Sid W. Richardson which seeks to compel the railroad to transfer to their names the ownership record of 800,000 shares of Central stock they bought in the proxy fight for control of the road. The two Texas millionaire friends of Robert R. Young, who launched the war for control of the Central, bought the stock in February from the Chesapeake and Ohio Railway from which Young had resigned as board chairman to free his hands for the Central fight.

WHILE YOUNG was board chairman of the shares were held by the Chase National Bank of New York as voting trustee by order of the Interstate Commerce Commission. Murchison and Richardson brought suit in New York State 8 13 22 hi Mitchell told newsmen earlier this week that unemployment is likely to show an increase again in June when an expected 750,000 to a million students will begin seeking summer jobs. Monthly employment and unemployment figures have been issued until now by the census bureau. The April figures are to be released jointly by census and the labor department, either tomorrow or Saturday, in response to a congressional suggestion that data available to both agencies be combined in a single report. ahead near the finish to record 27 63 hi .11 7 5 4S 44 29 22 49 12 16 37 8 24 35 2 38 201 43 25 47 7 31 hi.

9 6 3 18 it 72 44 15 16 46 514 hi 24 16 11 29 27 41 hi .79 16 2 26 21 31 119 42 106 51 9 14 28 34 36 '4 hi 10 in 30 14 SoconyVac2a 22 87 1 2 31 H. 10 42 40 544 2 49 Xd52 58 i 6 71 8 16 1 3 64 198 lUi 3 74 5 29 31. small gains. New crop soybeans were very strong. Open Hliih Low Close WHEAT: May a.OO'-j-'i 2.03'i 2 03'i-i July 1.96',-97 1.99, 1.961 1.99V-' Sept.

2.00 2.02T. 1.99H 2.02iS-'i Dec. 2.04 -05 2.U7H 2.04 ti 2.07 Vi-H CORN: 14 12214 IV. 214214 36 hi 21 14 13 27 21 17 18 46 29 hi 17 14 18 514 hi 14 soiarAircio SoPRSiKle SouCaiEdis2 Southern Co. 80 SouIndGl Sou NGas 1.60 SouPac3 SouRy2a Spaldinglb SZ do 43 24 1 3 7 49 12614-7114 Amerada2a AmAgCh3a AmAirlin.60 AmAirlpf3 AmBaker2 AmBkNote.40e AmBoseh AmBrShoe3 AmBdParl AmCanl.40 AmChatn2a AmCyan2 1.51".

1.53T 1.31 l.S3-Ji 1.5m-li 1.53 1. 51 'i 1.53 1.4S 1.49 1.47V 1.49 1.41V 1.42V4 1.41 1.42'4 6 211 30 10 9 37 Vt 122 16 Vi 1 5H 30 41 8 34 6 31 1 52 14 84 44 4 aparksw 2 63 8 34 1914 14 23H 13 57Vj J.i 83 66 SpenChem2.40 Xd3 62 EagleP1.20a EastAirUa EaslSStl'4r EastKodl.lOe EatonMfg2a EkcoPdl.ftOb Spenkell.8at 8 17 15 44 hi 26 14 sperry3 Spiegel SquareD1.40a SfdBrand2 13 57 hi 25 714.. 12 35 15 34 10 1. 14 6 12 AmExportl'4 17 14H 39 14 14 2 JA $122.30. Tuesday it advanced 60 cents to a new high for the year of $122.40, the best level for the average since April 23, 1930.

xd36 10 i 34H 4 fclAutoli 24 14 ElStorBat'e 9 ElginWatch.60b 11 Elliottl.60a 5 234 hi, StdCoilPdl StdOilCalS AmHawSS.3 1 67 'i "4 Xd60 62V41 AmHomePd2.40 14 571 2- FCC Okays TV Sale By KOY Republic's Washington Bureau WASHINGTON The Federal Communications i -sion yesterday formally approved the sale of station KOY's interest in Phoenix television Chan StWOilIn2b xd31 81 hi Volume came to 2,020,000 1 8 Amice '4e lli Is 25 37 181 10 24 'i 1 LionOil2 II LionelCp.SOa 2 LiquidC1.40 9 197 87 LoneSCeml.60 24 LoneSGasl.40 13 IongBellA.76k xd5 LonglslLtl 53 Lorillardl.60 10 LouisvGAEl.80 1 LouNash4a 12 Lowensein2a 4 "d3 MackTrucksX 21 Macyl.60 8 MagmaCop2I 14 Magnavoxl 4 22 MarincMid.70a 21 MarshField2 9 MartinGL 71' Mart Par. 30e 2 Masonitel 5 MathChem2 151 MayDStrl.80 33 Maytagl.60a 3 McCalll. 20 12 MeCroryStrla 3 McGrawE13a 6 Mclntyre2a 1 12 MeadCpl.80b 1 MelvShoel.80 5 Memell 5 HfercantStrla 2 Merck. 80 89 19 MestaMch2 2 MiamiCople 17 M1dContPet3a 20 MiddleSlTtl.40 35 MidlStlPd3 2 MinHon2a 14 MinMol 4 16 2 15 9 ArissionCp 35 MissionDvtSe 50 MissRivF2.40 29 MoKanTex 60 MoKTpf3k 6 MoPacpf 220 MVmarchM1.20a 20 MonsanCh.2 9 MontDULSO 52 MontPwl.60 19 MontWard2a 90 MooreNfcl 6 MotorPde 2 Motrolal'i 22 MullerBrl.20a 11 MullinsMtl.60 12 Munsingl.20 Murphyl'ia 9 MurrayCp2 13 NatAcme2a 14 NatAirlln.60 IO NatAutoFe Xd8 NatAviat.l6e NatBisc2 13 NatCan 142 NatCashR3b 5 NatCityL1.60 3 NatCont.60 19 NatCylGl.20 17 NatDairy3 27 NatDStrl 8 SUIO.NJ.Uie X08f ft 13'i JA 11 134 12 3 3 srawiohJ.40 ii a shares Tuesday's total was shares. UA15: May 71U-'i 72 71 'i T2K- July 674-K8 KH.

b7N fcS-68'm Sept. 67V4- 67'4 88 Dw. 71 71 70 71 RYE: May 92i 95'i 92'4 95'1 July 95-" 98 9.V-, 9H'-98 Sept. 98'i 1.011 98'i 1.01-01' Dec. 1.03 1.06 1.03', 1.06 SOYBEANS: May 3.88-88'.

3.95U 3.85 8.93 -94 July 3.88'i-86 3.92 3.82 2 Sept. 2.70-72 2.77 2.70 2.77V-V. Nov. 2.49-51 2.54 '4 2.49 2.54 -53; Jan. 2.54 2.57 2.53 2.57-56H LARD: May 17.75 18.85 17.75 18.80 July 17.70-75 18.55 17.70 18.50 Sept.

15.95 16.75 15.95 16.60-62 Oct. 15.05-15 15.55 15.05 15.50 Nov 14.40 14.62 14.20 14.62 8 9 AmLocola AmMetalla staKyi.qia SlerlDrue2 14 38 ElPasoNG1.60 EmerE11.40 EmerRad.40a EmpDE11.40 EquitGasl.40 EqOffBdg.60 Eversarpl.40 Ex-Cell-02b 3 2.3-, Steven sJP2 45 9 hi What Stocks Did Wednesday Tuesday Advances 3is Supreme Court April 15. con AmMetPdlli 8 37 23 3 20 2 12 18 24 StewWarl.eoa StokeVajiC.60b 17 13 14 65 Stones Decrease Uncharged 307 roo 17 26 7 2114 '4 8 14 7 1614 34 47H 2 34 4 7 43 100 17 7 7'4 14 25 14 15 33H 14 13 29'4 8tudebaker.4( 83 14 hi tions on sales made outside the city, and on sales to contractors. In the letter, Mayor Murphy said it is the carefully considered judgment of the council that no exemptions can be allowed beyond those already in the tax ordinance. TO GRANT further exemptions," he added, "would be the beginning of a breakdown of this tax." Granting of all exemption requests, the retailers were told, would cost the city an estimated revenue loss of $776,000.

Pointing out that the privilege license or so-called sales tax was originally imposed to Relieve the increasing property tax burden, the mayor said that granting the asked exemptions would add 58 cents to the property tax rate. "The present property tax rate has been stabilized at $1.85," he noted. "If the 58 cents were added the total tax rate would be $2.43. or an increase of 31.3 per cent." HE ADDED that It is believed the merchants will agree that because of the city's rapid growth and expansion of municipal services it is impossible to reduce the cost of city government to the point where any appreciable portion of the 58 cents could be absorbed by decreased expenditures. Tn his letter and In an accom-panyine analysis of the tax prob sum nem.boa AmNOas2 AmOptical2 AmPntash2 AmRadla AmSafRaz'A AmSeatingla AmSmeltle AmStlFd3 Total issues.

1174 11S1 New 1954 highs 83 77 New 1954 lows 25- 37 74 unOillb 3 iunbeamla 38 3 36 ia Odd Lots Purchases 217 oiirs 904.341. Khnrt 1 12 sales 9 14 61 18 4 Cash wheat: None. Corn: No. 2 yellow 1.59-fiO: No. 3 1.57.

Oats: No. 1 white 76-761-; sample grade heavy white Sunra.vOiil.20 SunshBis4 SunshMn.6Q SuperiorStlla SylvElPd2b SymGould 1 AmTob3.40a xd44 62 14 Dow-Jones Averages Stocks Open High l.ow Close Chrs. 30 Ind 318.83. 320.94 316.45 317 93 1 8fl AmViscose2 14 4 Xd2 67 11 2 10 6 2 6 26 lo 5 5 13 14 3 37 53 2 23 7h'i. soyneans: Haney nominal: Malting 1.20-62: feed M)8 ANGKLKS GRAIN MARKET No.

2 white wheat 3.85-4: No. 2 west- AmWWks4e AmWonlen AmZincl 20 Rail 107.36 108.07 106.57 106.88 0.11 15 Util 56.43 56.78- 56.15 56.43 0.06 65 Stk 119.17 119.95 118.35 118.850.43 65 31H i 17 104 14 22 18H 3 14 51 3314 5 34 11 14 nel 10 to Station KOOL. Maricopa Broadcasters, p-erator of KOOL, had shared Channel 10 with KOY since last October, when telecasting began over the channel. The sale of KOY's interest for $400,000, subject to FCC approval, was announced two months ago. The principal owner of Mari-c a Broadcasters is Gene Autry, cowboy star, who also has radio and television interests in Tucson, Yuma, and Hollywood.

FairbMorl14e FairchE.30e FamFinl.40 Fansteel Is FeddQuig FedDStr2'4 FerroCp.40r FidPFire3 Filtrol.80 Firestone3a FirthCpt.lOe Flintkote2a FlaPwll, FollansStllb Food Fair. 80b FoodMach2 FostWheel FreuhTra2 em barley, 4 2.42-2.60; No. 2 AnacCqp3 tending that the ownership certificates were not defective as the Central claimed. EV ITS ANSWER to the suit, the Central said Murchison and Richardson were acting in the stock purchase "as agents and associates of Alleghany Corporation" of which Young is board chairman. The sale to Murchison and Richardson, the Central said, "was not a bona fide sale or transfer" and violated the trust agreement.

The Central added that "no part of the purchase price" of $20 million was provided by Murchison and Richardson. It Telautogrl TennCp2a TexasCoi TexGProdl.40a iransactions in stocks used in averages. yesterday Tuesday Monday Industrials 191.700 181 6(V 911 onn white oat. 38 3.55-3.60: No. 2 yellow com 3.56-3.58: No.

2 milo tc and Tea 3 0.3 dfl Snots? Wheat AnchMUl.wi AndPriOl.eOa Arch Dan 'Ae 6 5 3 13 18 45 37 35 1 4T4 14 3 15 9 56 V. 24 70 36 51 hi in 9i 62 43 1 4 llff 33 52 J4 10 7 4 13-J4 l( 7 11 60 1 49 35H 001Z 4. 2314 12 14 18 23 hk 15 hk 41 23 86 i 1 17 73 7 30 33 hi 47 12 401a 1 42 i 24 61 25 21 7 33 hi 29 3 28 24 TexGSul4a 58 barley 2.60. cits 3.65, corn 3.59, milo ArgiOillb TexPCAO1.40 Railroads 111.900 150.7IX) 96.400 Utilities 48.600 57.500 46.600 TexPLTrle 3.374. Livestock 6.

Stocks 352.200 389.800 354,900 Bonds 40 Bonds 100.R3 0.07 10 Higher-grade railroads 103.06 IJnch. Text7till.04e Textron ThatchGll 39 33 27 hi 12 17 20 22 hi 32 26 8114 27 31 4- 14 90 1 9 23 1 '5 9 65 hi 23 31 17 43 84 66 49 3 20 i 86 22i 33 60 14 17 33 23 21 13 43 19 14 4214 4-13 hi 14 24 3814 15 74 1 1614 12 19 75 12 17 9 29 45 9 hi 22 50 30 32 7 4 12 14 55 12 33 20 00 35 hi 18 24 54 14 34 41 4 28 8 68 14 1 5 32 13. 30 22 37 102 '4 8 111 58 34 hi 27 30 1 41 Thermoid.40a ThomnPd2b ArmcohtU Armour ArmstCkl'e Artloom AshlOUl AssdDryGl.60 Atchison5a AtlCstLine5a AtlRefin2 AtlasCnl.60 AtlasPHr 40e AutomCantl AveoMfg 10 Second-grade railroads 99.32 0.08 10 Public utilities 1O0.61 Unch. 10 Industrials 108.31 0.19 4 1 Thompstar I.OS ANOEI.ES, May 5 fUP Cattle TideWtAslir Xd47 21 i 15 2 9 5 6 7 40 TimkRBear3 salable Supply includes few loads steers and heifers and Quite a few GalrRbtl 'i GambleSk.60 Gamewelll.40 Garrettl.BOb GarWood GaylordCl GenAmln.lOe GenAmTrara GenBak.60 Cotton Market 7 29 16 4T N.Y. Bonds NEW YORK fAPl The bond market eased gently yesterday under pressure from U.S.

government securities. Cor-porates were irregular. The treasury's 4-vear 9-month ill rows; choice steers and heifers also commercial cows very scarce: trade a little slow, but prices generally steady; few loads and lots good and choice ToledoEd.70 TranWAir Trans amerl. 30 TriCont.22e TruaxTral.60 TuruzSolla 8 quoted Droxv material of Ynnntr 12 46 14 Furnished Rt IT 11 BabcockW2b 9'. 7 48 M.

814 14 as stating that Alleghany had New York Open 46 BaldUma.80 BaJtAOhlg 11 hi 46 14 15S GenCable.70e GenDynam3 14 TwentCFoxIa TwinCityl.60 ioanea me rexans $7.5 million. 34.42 July "54 80 119 Oct. '54 Genfc.lec4 GenFinan.60 BarberOil2 BarkerBr'e F. Hutton ft Company High Low Close 34.55 34.52 34.55 34.43 34.39 34.42 33.88 33.83 33.87 33.85 33.80 33.84-85 33.98 33.93 33.98 33.94 .33.90 33.95t 33.62 33.59 33.62 32.89 32.85 32.85 NatDistilll 57 NatDistpf4 1 9 13 4 '14 31 14 34 19 15 15 14 18U 32 19 1 15 11 hi 4 28 hi 7 52 90 77 i 33 46 2 120 26 49 1 57 113 21 28 56 Dec. '54 March Udylitel Underwd'e 33.88 33.84 33.95 33.94' 33.60 32.82' NatGypsl.60 37 lem.

Mayor Murphy made these additional points: GenFds2.80 Genlnstrul GenMills2'4 GenMotors4 BathIrWk2 BeatFds2a BeaunitMVje May '35 Julv '55 UnCarbide2a bJ -jo- 5 43 34 55141 2 121, It 5 23i 2 46 1 1 13 10 14 14 5 32 26 31 1 3 2014 14 27 70 1 4 44 14 15 Oct '5S UnOiiCal2b BeechAirc BeechNutl.60a 1. The city's merchants may Cotton Seed Oil New York lTav NatLeadl.60 24 NatLinenS.40e 2 NatMal2 2 NatSteel3a 30 NatSnpply2 46 NatTeal.60 5 VnPacoa 16.35-491 GenPCem2a GenPubSv.30g GenPublHl1 a nPacpf2 July '54 10 62 3 9 hi 6414 71 1 6714 14 33 3 31 21 46 J4 50 hi 32 hi 11 54 '4 I nTankC3 15.80 14.20 14.00 13.90 I'nitAirLinla BellAirc2g BendixAv3b Benguet RestFds2a GenRea ty.bO Sept. o4 Oct. '54 Dec. '54 16.06 15.80 16.06 14.50 14.20 14.42 14.00 14.00 14.10 13.95 13.90 14 gg10J tAsked.

regard themselves as" tax collectors for the city, but this is definitely not the case. The privilege tax ordinance specifically requires the merchants to pay the GenRefracl.60a 4 34 per cent note, traded for the first time on a "when issued" basis, opened at 100 1732 bid and ended the session at 100 1532 bid, a 1532 premium. Other government issues declined. The 30-year 3 "is were off 232 at 109 2832 bid. Victo-y Loan slipped 432 at 100 1033 bid.

And the 2his of 1961 closed at 102 2732 bid. off 232. There were more 'sellers thaiw huyeTs of utilities yesterday as competition increased between outstanding bonds and the many new utility issues coming to market daily. Foreign liens were quiet. Herman issues were erratic.

Berlin City -Electric dhis of 1959 fell five points at 95. Japanese bonds were BONO AVERAGE Compiled by The Associated Press 20 10 10 10 10 Halls Indust. t'tll. Foreign Yield Vet chg I'noh I nch nch A .2 Wed'sday 9S.9 99.7 100.1 83.3 106.6 Prev day 9R.9 99.7 100.1 83.3 106.4 Week aeo 9S.S 99 100.3 R3.2 Iflfi 4 March 6 32M, GenShoe2 '4 GenTel2.40 I nit Airc3b l'nitBisc2 UnCigWhe CnitEngS-Fl "Bid. TNommal Beth.Steel31ie 63 28 30 9 29H 2 40 2 18 5 8 1 21 8 22 23 4 6 5 26 13 20 37 7 2 105 4 Over Counter These quotations were furnished by National Association Security Dealers, inc.

Aank and Trust Companies: Bid Asked Ariz Bancorporation 9hi IO1 Bank of America. 1.60 34 36 Bank of Douglas. 2.50 71 76 Bank of Flagstaff 914 in 14 First National Bank, 1.00 23'2 25 First Stat Bank of Mesa 9H 104 Phx Title Trust. 20.00 300 valley National Bank. 90 2274 Southwest Savings Loan li I tillrles: Ariz Pub Serv, .90 18'4 20 Ariz Pub Serv.

pf. 1.10 23'i Ariz Pub Serv. pf, 2.36 48 51 Ariz Pub Serv. pi. 51 54 Pacific Power Light.

1.10 21 22'4 Portland Gen Elec. 2.00 18H 19 Public Service of NM. .68 12 I3.i Southern Union Gas. .80 17H 19 hi Tucson Gas, El .92 18 hi 20 Industries: Amer Pipe ft Const, 1.00 174 18i Bazdad Conner 71: sil under 1.100 lb. fed steers 23.25-24.50.

other good steers held to 23; commercial steers few good in later lots; few choice fed heifers 23; load gnod and choice around 675 lbs. 22.50; utility and commercial eowg odd head to 16: canners and cutters heavy utility bulls Calves salable 300. Fairly ctive. steady; good and choice calves and few vealers utility and commercial 16-20 a Hoes salable 150. Supply Increased by several hundred carried from Tuesday; very slow; few sales lower for two days: some bids off more: small lots choice one and two 200 to 243 lbs.

few to 265 lbs. bulk heavier weights and sows unsold; odd choice 350 to 500 lb. sows 18-20. Sheep salable none. Market untested.

KANSAS CITY. May 5 USDA Cattle 2.5K; calves 400; steers weak to mostly 25 lower; heifers and mixed yearlings about steady. Instances weaker; cows largely steady as supply small; bulls weak to 25 lower; vealers and slaughter calves steady: outside of few fleshy 2-way steers offering' stockers and feeders mainly odds and ends selling about steady; early week upturns largely wined out on slaughter steers; supply beef steers mainly good to average choice grades selling 21.75-23.75; several loads average choice to low prime 24.00-25.00; latter price on load strong weights: few loads and numerous small tnt commercial and low good Bigelows 's 'ii BlawKnoxl.20b 11 20K 1 BlissEW.65e 45 19 Ms Ryuinffiir. a 76-. 1 if 1 57 112 11 44 UnitFruiUla 5 hi 12 52 30 35 11T4 Custom Smelter NEW YORK fUP Yesterday's custom 1 nGasCol 14 8 21 NatThea.lSe 313 Natomas.30e 1 NehiCp.7o 1 NewEngE1.90 89 Newmont2a 16 Newptlnd.SO 5 NewptNSh2a 7 NYAirBrkl.60 3.

NYCentrale 124 99 NYCOmnibus 5 NYNHA-Fart 4 NVNTIAIInfSk 1 NYShinbd2h 22 NYSEG1.90 15 NlaMPwl.en 71 2 18 4 62 BohnAluml.40 BondStrsl BookofMonl Bordenl.20e BoreWarn4a l'SGypsum4a smelters prices for delivered metals fcents per pound, unless otherwise designated): Copper: Electrolytic, delivered Valley basis 30.00: FAS Y. 30.00: tax. It Is neither a sales lax nor a tax on the consumer, but rather an excise tax on the gross business of the merchant. 2. WHEN AN exemption Is granted it applies not to taxpayers eenerallv hut.

tn selprt few UhL.inesl I Boston Me USPlywdl.40 BranAirw BridgBras.2 Lake, delivered. U.S. destination 30.00. Lead: Common New. York at 14.00; Rt.

Louis 13.80; foreign. Gulf ports lTSRub2 Genl irej GaPacPlyl Gillette214 Gimbell GleanHarv'le Glidden2 GrietiolBr.Oa GoodallSan Goodrich. 8'le Goodyear3b GrahPaige Giandl'nlb GranCSU2Uf G-ntl GraysRob GtNIrOreTig GtNnRynf4 GtWestS1.20a GreenHL2a Greyhoundl GrumAircJ GulfOil2a GulfStaUtl.40 Mo ago 99.0 100.1 100.8 82.8 107.0 CSSmelt BnggsMf-te CRStee 3 nst.Myi kl.vl'GasI V. Zinc: Prime western New York 10.75; East St. Louis 10.23.

Each time an exemption is grant N'oAmAv2 78 8 13 1. 5 10 2 60 18 84'-; hi 3 5 6 6V 14 17 27 32 37 14 23 18 32 17 20 13--; 12 25 -i- 28 12 P6 40 1 4 a3 11 1i 11 18 22 13; 4 9 1 18 Year ago 92.9 95.8 92.8 79.3 1954 hist) 99.1 100.4 100.9 83.4 107.1 1954 low 94.2 97.4 96.6 80.6 103.2 1953 high 95 7 98.6 P.0 80.7 104.2 16 28 21 41 27 22 dm 57 14 9 22 t'SSteelpfT lSTobl.20 I'nWallpap ed, xne Duraen or taxation is increased on those who dn not rin- T3.lr..l.; Tr" r- 1 su. 7 137 36 14 13 47 19 26 hi 40 hi 5 44-150 45 7 154 5 17 1- 1 1 3 19 29 36 hi 6 11 17 54 17' 6 5 37 3 34 9 0414 3. S0 LnivAmer Quicksilver, large lots 'dollars per flask of 76 lbs not offered. Quicksilver, small lots May arrival (dollars per flask of 76 lbs.) 235-238.

Tungsten. Powdered (dollars per pound NorNGasl.80 2' NorPac3 69 NorStaPw.80 NwstAirlln i NorwichPhl 3 ijriivsiuic rule OP IllMK. l.VJU XaH-A 1,5 Black. Slvalls ft Bryson, 1.20 19 21 Calaveras 3.50 19'? PMnraln Cil f- nm -1 Colorado Oil ft fins efit from the specific exemption. I'nivPictla 66 3 11 27 26 123 52 41 BrunRalke'ip BucyErie.40e BuddCol Bullard4b BurlMills.60 Burroughsl ButlerBr.60 But.teCoplg Byers Vi 11 12 98.8 per cent minimum) 4.95.

3. In the petition the signers state that thev "have cone lrmcr steers 18.00-20.75; most good to choice VanNorm VanadCp2.40 VertCSug.97e VickCheml.20 VictChkl.20a Manganese metal, per cent, i to 20 tons, per 32.00. Tin, Grade A brands. (Jutside market. New York prompt delivery 93.50.

6hioOil3a OklaGEl with the city in its entire growth 25 42 21 66 5 29 hi 18 10 45 18 General Controls, ,80 Great Amer Ins 1.50 Gulf Inter Notes. 1.20 Gulf Inter common Kaiser Steel, .45 Kaiser Steel. p. 1.46 Hunt Foods, pf Knudsen Creamery, 0 Long Bell Lumber. 1 50 Meredith Pub ,1.00 hvrCn.30e ln-'i 3n 37 20i 21 "4 9Vi 9 10 21 22'i 7H 8 '-4 1'4 13 17'4 19 20 22 'H Tl KtS 7lne future closed nnrhiiriffpri' tn Ornnihnsl ana expansion program." The "city" as defined In thp rnnw.r'e CalPackl'i CallahanZinc 11 34 6 9 14 88 1 65 1 hi 33 16 36 8 18 54 19 29 13 25'-i 30 hi 55 29 19 41 11i 12 hi 5'i hi 19 21 14S 79 1 30 16 19 '4 13 16 40 70 70 -1 16 14 a5 79'! 114 13 44 '4 17 2 1953 low 90.6 94.3 92.4 76.5 97.9 Sales In 1,000 High I.ovt Close Am 2Ts 87 21 9 98 98 Atchison 4s 95 2 222 222 222 B0 6s 95J 1 90 90 90 Bell Pa 5s 60 1 109 109 109 Bost Me 5s 67 4 80 '4.

SO 80 CGW 4s 88 18 90 90 90 CftJfW 4 Vis 99 98 55 Vi 55 55 Hud 5s 62 21 80 76 79 4s 90 9 97 97'4 97 MoP 5s 77F 49 n2 MoP 4s 7nF 55 lOXHi 98 98 NYC 5s 2013 13 SOH 80'i 80 NYC 4'is 2013 62 72S 72 72 N'or 4s 97 2 1124 112S 112i Pen RR 5s 68 20 10414 103 103 So Pac 69 8 105 105V4 So Pac 81 4 104H 1044 104 So Pac 4Vis 77 Or 7 106 106 106 24 14 1 8 5 32 OtisElevle higher. 10.39B: 10.35B; t8 1 10.55B: April 10.62. Qwenscngi OwensIllGH letter "is its people, its business VlrgKW4 CanDry.60 Lead rutures closed quiet, no sales. Conner futures dosed unchanged. June Valgreenl.60a Metal ft Thermit.

2.00 4 27. 25 35 58 1 6 5 20 31 'A, 33 CaDitalAIrl men anci its workers." Therefore, when the merchnnt trn nlrma- 29.50B.- Mountain Fuel ft Supply, 1.00 21 22 HallPrinfl.40 16 Hallibuitonl.80 32 Hamm'rPanf 9 HarbWalk2h xdl5 Hayeslndl.20b 9 HayesMf.60 33 HazAtG1.20 8 Helmel.60 1 HerculMot.We 2 HercPdr. 55e 6 3 1 HeydenChi- 4 16 HiltonHotl.20 8 Ho'landFl 9 HollySuel 28 Walkernsa Walworth. 30g WarriBakl.SOa CarevPhill.60 CaroPL2 Nicholson File. .1.80 24 7h 'i.

26' PabeoPd 1 PacG6El2.20 ParLtg2 PacTin.lOr- PaeWOillf 16 41 34 4 hi 31 3 11 n- Legal Advertising 25 15 CarrierCnle Case.TTU'.n WamBPicl.ilO WarnHudl.20a 7 19 Packard CateiTracle CelaneseUe WarrenPetl.60 11 3a NOTICE OF PUBLIC HE A TNG ON REPORT Of KNGINEFTR with a program of this type they are going along with a program which benefits the people of Phoenix, not the city officials and employes. 1 33 hi WashGasl.80 TO PHOENIX SANITARY DISTRTCT NO. 1 MARICOPA COUNTY. ARIZONA CenFdy.40 CenGaRv CenHuriG.70 Hay WaynePump WessOS1.40 WestlndSl -WKvCoall '6 Prov Wash Ins. 1.50 Republic Supply.

1.40 Southwest Lumber Mills Steep Rock Iron Mines Stuart Company, .80 Tenn Gas Trans, 1.40 Texas East Trans. 1.00 Transcontinental Bus Van Camp Sea Food, .40 Webster-Chicago Western Nat Gas West Point Mfg. 1.60 Whiting Corp. pf. 1.50 Whiting Corp, 1.00 27 29 13 14 '4 714 Shi 8.15 9.15 164 18'4 23 23'i 20 3'4 4'i 7 8 8T, 12 13-' 16 17" 24 '4 26' 12 'i 14 NOTICE HEREBY GIVEN that 1 8 18 13 130 23 9 18 1 45 25 60', 30 IJ 7 50H 24 i 14 3 18 2 5 14 8 26 13 13 14 IO 21 15 264 15 23 15 14 1 514 39 35 J- 40 25 5 22 3 31 25 10 6 36 15 12 10 28 14 19 14 40 i 10 9 PanAWAir.40e 314 PanhEPL2 33 ParamPict2 10 4 ParkeDal.40 19 PatinoMin3r 22 PennDixe 5 PenneyJC2a 15 PaP.v4Lt2.40 10 PaRR 147 Pa Salt 40e 10 0 4 9 2 5 5 0 7 0 CenIllPS1.20 Johannessen Girand.

Engineers, having filed with the Board cf Directors of Phoenix Sanitary District No. 1. Mari WPennEI2.20 4. City residents who finance the city government must hpr LOS ANGELES. May 5 (IT) Alfalfa: lT.S.

No. 1 30-31; U.S. No. 2 leafy. 27.50-29.50; U.S.

No. 2 green. U.S No. 2. 26-27: barley hay nominal: 30 22 31 3 40 80 hi 40 17 42 1 147 14 WVaCoal.ne CerdePasr WestAirL.60 ert-teedla copa County.

Arizona, a report, as required by the Sanitary District Act of heavier burden of taxation than 3 HookerEI2 1 HoudHerl 9 HoustLPl.20 11 HoustOil2a 10 HnweSn-MOe 7 7 HuntFds.POb 10 HuppCp.OSe 12 oat hay, 32-33. CheckerCab slaughter (letters ana mixea yearlings 20.00-22.50: few lots high choice 23.00-50: latter for strong weight heifers as well as for mixed: commercial and low good heifers 17.00-19.00: utility and commercial cows 12.50-14.00: few head 14.25-50: canners and cutters 10.50-12.50; few shelly and light cannera 8.00-9 or): utility and commercial bulls 12.50-14 good and choice vealers 20.00-22.00: small grade 300-500 ib. calves 17.00-20.OO; few fleshy good and choice 2-way steers on feeder order mostly odd lots medium and good light stocker 17.00-21.00. Hogs 2.000; rather slow and uneven; Narrows and gilts 15-25 lower; bulk choice 190-240 lbs. 26.50-65: load or so choice 1 and 2.

26.75 240-260 lbs. 26.00-5o: weights over 260 lbs. scarce: small number 140-170 lbs. to fee er interest 26 75: sows steady to 50 lower; most decline on weights under 450 most Mies choice sows 21.50-2:. 00; choice light weights absent.

Sheep 1.000: spring slaughter lambs and wool lambs around stoady: shorn lambs steady to 50 lower: ewes unchanged: choice to prime 88-100 lb. trucked In native spring lambs 26.75: rar good and choice around 105 lb. Colorado old crop wool lambs 24 00: 2 cars good to choice 101 lb. storn lambs No. 1 skins 22.50: truck load gnod and choice 105 lbs.

No. 1 pelts 22.50; cull Cfood shorn slaughter ewes A kicAC.o. May 5. AP M'SDA "hie hogs 7.500: weak tn 25 lower: steady; choice 180-240 lb. butchers 20.50-27.50: most 240-280 25.75-26.75; 290-325 24.00-25.50: sows 20.50-23.50.

Salable cattle 14.000: calves 400: stfers irregular: heifers mostly steady: Instances 25 lower on prime grades: rows and bulls mostly steady: vealers VVestMary WestPac3 VestUnTe13 10 23 56 35 7 24 1941. as amenaeo. Laws oi me aiaie of Arizona, setting forth: ChirainCo.80 182 15 ChiGtW WestgABrkl.60a 1 xc7" 70 -1 Turpentine SAVANNAH. May 5 (API Gum naval stores today: Receipts, turpentine 61. rosin 456.

Shipments, turpentine 107. Spot Metals NEW YORK, May 5 Afl Spot non-ferrous metal prices today: Copper 30 cents a pound. Connecticut Valley. Lead 14 cents a pound. New Yoik Zinc 10'i cents a pound.

East St. Louis. WestgE12 VheeIStl3 WhiteMot2b WhiteSew ChMPftPale ChMSPA-PnfS rhiNWnf3.30t 51 92 43 1 8 47 1 41 55 7 1 13 7 1 38 40 8 8 20 30: 1 5 8 38 29 rosin none. Stocks turpentine 2.486. WilcoxOill Wilson Co QiiPneuT2a ChiRIPac5 12 33 4 37 1 36 7 33 39 64 38 hi 28 18 55 31 WiscElPWe VVoolworth2 xd55 Worthington2a 6: WyanWor 4 6 hi n.5"4 Ji 13 54 24 30H 10 14 4 3361-114 77 31 PeoDlesGas6 PeosiCola1'.

PetmlCrjl.70e PfeifferBrl.20 Pfizerla PhelPsD2.60a PhilaEll.go Philcol 60b PhilinMnrS PhillPet2.60 PillsbyMiIls2 PitnevBowl PitPlateG.35e PitSteelf PittstonCol PlymOill.60b PondCrkPe PressStlC.8f PubSvColol.60 PubSvInd2 Publicklndf Pullman3a 6 os 5 55 4 H-20 68 190 58 14 31 21 11 74 30 35 hi 59 97 11 1 4 38 6 58 34 46 14 11 25 9 33 Vl 26 119S 1 10 43 '4 8 10 How high are stocks? i 6 1. A description of existing facilities for fewage collection, treatment and disposal; 2. A. descripUon of the work recommended to carry out the purposes of the District, with plans and specifications therefor; 3. A description of the property proposed tc be acquired or damaged in performing the work 4.

A map showing the boundaries of the District and in- gene sal the location of the proposed work to be done. Property taken or damaged, and other information useful to an understanding of the proposed work; 5. An estimate of cost of the worlcj 1 6. A recommendation that sewer service fov the said District can be provided and be' provided by a method other than construction of facilities by the District and that sewage facilities and sewer services for the District be provided by the District's making and entering Into a contract with the-City of Phoenix. Arizona, a municipality in form and substance as set forth in the ssid renortf 5 14 hi YorkCorpla Tfahow2.20 I'lCcntl'', tllTermRR.Og TndnlsPA-I'O Tnd'istRv3 inRend" Tntercheml.60a IntBniMch4b IntHarv TntHvdElA IntMinChl.60 IntMlning TntNick2a TntPack.soe IntPaper3h TntPhoe2.40 TnfSilvert TntTl Tell TntUtin.40 iowaTiini.80 TowjP-L1 40 TslCrkCoale YngstShT3a 27 43 15 1 20 53 .42 8 12 hi V.

66 1 5 6 YngstSDria is justified, unless the large number of fringe area residents and visitors are required to share in the cost of city services. It is estimated that about half of the privilege license tax collections come from nonresidents who otherwise would pay no direct city tax. 5. TO SERVE only its present city population of about 110.000. Phoenix could greatly reduce appropriations for police operations, street improvements, and other services.

6. While the city is paying for services used by outsiders, the merchants are profiting directly from the presence of these customers from outside the city limits. 7. It is the opinion of the city council that the privilege tax rate of one-half of one per cent of the gross proceeds of thse doing business within the city is not a ZenlthRad2X ZonitePd 12 -N 16 26 3 22 16 7, 31 75 5 34 53 27 hi 10 38 12 9 2S 51 17 15 13 29 1 22 12 24 1 4 46 2 1 76 3 6 19 3014 34 1 2 39 hi 11 68 14 39 45 1 14 30 27 11U 14 30 27 14 20 53 IS 53 mrvslerb CITFinan2 C1tiesSvc4a CityProd2- ClarkEouin3 ClevEIIU2.60 ClimaxMoe Clint Fdl. 20 CluettPea'4e CocaCola4a CoIePalm2b ColoFi-IrHf ColBrdA1.6ia ColBrdB1.60a ColGas.40e ColPictHr ColCarb2 CombEng3o ComlCred2.60 TomlSolvl ComwEdl.80 ConeMillsl.60 Congoleuml 4 ConCoop.40e ConEdls2.40 ConGE1.40 ConNGas2'4 lOo Rates of dividends In the foregoing table are annual disbursements based on the last strong: two loads high prime 1.200-1.

300 lb steers 29.50 and 30 00; a few loads prime steers 27.50; choice to low prime grades 23.00-27 75: most good to low choice steers 20.75-22.75; choice and prime heifers 22.50-25.25: good to low choice heifers 19.50-22 00: utility to low yi 14 5 quar'erly, or semi-annual dec 21 45-N hi 28 50 41 3 25 laration, unless omerwise noted, special or extra dividends are not included. a Also extra or extras, Annual rate plus stock dividend, Declared or paid good grades 14. utility and commercial cows 12 50-16 00; canners and cutters 10.50-13.00: utility and commercial hulls 14 0O-1S25: ffood heaw fat that Tuesday May 11. 1954. at 8:00 o'clock P.M..- at the Cameiback High bulls 12 50-13 00: bulk good and choice school.

2th street and Campbell Avenue. Phoenix. Maricopa County. Ari 153 plus stock dividend. Iteclared or paid so far this 36 40 6 20' i- 14 17 190 10 28 44 v.

15 29 34 6 2 6 3S-i, 64 1 22 33 zona, has been fixed oy the Board of Directors of said District as the time and place for a public hearing on objec xdl5 60 14 4 29 32 6 31 5 145 28 7 45 2S 31 3 36 8 9 1 27 3 17 16 17 hi 5 26 44 27 4 115 4 14 60 54 Xd5 45 14 87 6 year Payable in stock, estimated cash value on ex- Jacobs 6 TewelTeol 60a 13 43 28 JoyMfg2a 12 KaiserA11.30h 14 vealers 20.oo-22.oo: a rew at iia.oo; cuii to commercial 10.00-19.00. Salable sheep 2.000: steady: a package of mostly good native spring lambs 15 no- booH to nrtme No. 1 skin shorn PureOil2a QuakOats.70e RKOPict RKOThea RadioCpla Raybest2e Rayon ierl Rayonierpf2 Raytheon ReadingCo2 ReedRBitla RemRandl ReoMotors RepubAvle RepubPict RepubStl4a RevereC2e RexDrug.20g ReynMet ReyTobB2.40 dividend or ex-distribution tions to tne said report or to tne performance of the proposed work or on date, Paid last year, Declared or oaid after stock 14 4o'-i 3 objections to the recommendation that sewer service for the District be pro 33 V4 52 y. 33 4 lambs 98-103 22 00-24 00; cull to low good grades 14.00-21.75; cull to choice slaughter ewes 4.00-6.00. dividend or split up.

De-f Contained. 40b 9 58 10 ami or paid tnis year, an vided by the enttance Into a contract by 7 21 accumulative issue with dividends in arrears p-Pai this 16 65 20 46 hi 19 19 hi rne uistncr. wixn rne saw uty oi rnoe-nix, a municipality, for sewer service 19 3 Durciensome fee ir consideration of the benefits received through expenditures of revenue to build a better city in which to live and to do business. Investment Trusts 1 ior tne uistnci as contained in tne said report, or the construction of identical facilities by the issuance of District 5 85 .4 22. 67 year, aiviaena ommea, preferred or no action taken at last dividend meeting Declared or paid in 1954 plus stock dividend, Liquidating KaiserAlpf2' 1.S0 KanCSou3, KanPL1.12 Kayser VI Kennecottl KernCLd2a KeystnneSl 60 KlmbClk2.40 KresgeSS2 Kress 8 H3 Krogerl.80 68 .38 '14 32 45 13 1 1 7 16 13 79 1 43 22 56 33 4 31 50 8 bonds.

NOW THEREFORE, NOTICE IS HEREBY GIVEN that a public hearing will be held at the time and place aforesaid and that at said meeting the Board 2 5 8 57 21 hi 19 41 dividend cW -Called, xd Ex dividend, x-dis Ex distribution. vr Ex riffhts. xw Without ContBaKl.fct) CbntCan2.40 60 ContDiaF.80 ContIns3 ContMot.80 ContOil2.60a SontStll.40 opperRng.80 CopwStl2 CornExch3 Corn Pd3. 60a CorningGlla CrmofWh 1.60a CVownCork. 15e CroTiCkTf2 CrownZell2 Produce 6 KheemMf2.40 Richfield03a RobbinsMpf.56p RobFultonl RochGAE2.24 Ronson.60 RoyalTypel 4 of Directors ot said District will hear Xd8 43 IX1S ANnET.ES Mav fl'Pi n.im, warrants, ww With warrants.

29 16 67 1 17 17 29 13 20 80 61 12 73 5 27 15 100 2'. 37 31 3 26 4 13 2 32 16 46 67. 22 Look back and any number of stocks are about as high as they've ever been. But in terms of values sales, earn ings, dividends they're not nearly as high as they were 25 years ago. Now look ahead 5 years, 10 years, 25 years consider the many untapped potentials that should mean continued industrial growth, and it's easyto see why some people think today's prices for stocks may actually be low by tomorrow's standards.

Of course, talking about "stocks" in general is always dangerous. Because all stocks rarely move together Because in the years ahead this industry will prosper, others may not and the difference between profit and loss should always depend on sensible selections made on the basis of available facts. Where can you get those facts? That's easy. Our Research Department will be happy to tell you all that it can about any individual stocks that you might want to buy or sellor end you an objective review of your entire portfolio, or plan a complete investment program based on your funds and objectives. There's no charge, whether you're a customer or not.

No obligation either. Simply outline your situation in a confidential letter marked for my attention. Serb M. Fitehf, MaR9r Department AF-44 Merrill Iynch Pierce, Femer Beane Bank Douglas Building, Phoenix Telephone: ALpine 4-8835 wa wnen aismDuteo. wi 1 1754 When issued.

a In bankruptcy or- re iMinri r-ggs; oraae A wnole-sale large 40. Live poultry: Turkeys, old hens 28-29 old toms 26 27. and eonside. any objections to the engineer's report or to the performance of the proposed work or to the entrance into the said contract as contained in said report by the District with the said City of Phoenix to provide for- sewer 45 4 40 1 51 6 5 LacledeGas.60 Lambert 1 LehlehCiN I.ehPortC1.20 LehValRR.eOe Lehman.30e ceivership or being reorganized 11 21 14 32 4 141 14 38 SafewaySt2.40 24 StJosLeade 16 2 StLSanF2 41 37 21 hi 25 Receipts: Butter 203.943. cheese eggs 10,491.

poultrv 19.730 CHICAGO AP (I'SDA) under tne Bankruptcy Act. er se--unties assumed by such companies. service ior tne District, or to tne issuance of District bonds for the same purpose. STeaoy: wnoiesaie selling prices unchanged: AA 93 score 57.25: A 92. American Stock Exchange Eggs harely steady: wholesale selling prices unchanged to lower: extra extra mediums 33.5-34; stand DISTRICT NO.

1 Maricopa County. Arizona By David H. Campbell Chairman ot the Board of Directors Stephen Meszaros. Member Paul M. Roca.

Member rvTEW YORK fAP) The tol ards current receipts 32.5-33 checks Furnished By E. F. Hutton A Company Affiliated 5.21 5.64 Amn. Bus 4.19 4.47 Axe. Hough 10.04 10.85 Axe.

19 53 21.23 Boston 25.31 27.36 Broad St. 24.63 26.63 Bullocks 26.23 28 74 12 60 13.64 Cdn. Gen. 9.89 10.69 Century 19.06 20.61 Chemical 2215 23.95 Comwealth 7 27 7.90 Piv C.rth 8 37 rlv. Inv.

7 23 T.92 dividend 2.038 2.23 F. Bal 34.10 36.46 A Stk 27.78 29.70 Fidlty 19.62 21.21 Fundamtl. 21.84 23.93 Gas Ind. 21. 09 22.80 incorp.

11.73 12.68 C.A. 6.74 7.32 nv. Tr Bos. 13.27 14.50 Kev B-2 24.72 26.97 Key K-l 17.77 19.39 Key S-2 9.54 10.42 Key S-4 6-90 7 53 Manhat. 7.9S 8.72 M.I.T.

2227 24 08 MIT 2nd 19.96 21.58 Natl 13.76 14.88 NSR'Bal 9 67 10.57 NSR Inc. 4.94 5 40 NSR Pfd 7.61 8.32 NSR Spec. 3.45 3.77 NSR Stk. 5.51 6.02 Putnam 20.17 21.81 P.epub. 3.16 3.45 Television 7.97 8 69 I'nlted Income Fund 13.99 15.21 Tnited Science Fund 6 82 7.

5 Vnited Accumulative 7.06 T.67 1'ntted Continental 5.10 5.57 Value Inc. 4 62 5.05 Value Line 6 36 6.96 Van-Strm 8 69 9.47 Wellington 21.77 23.74 'Bid. lowing is a selected list of stocks traded on the American stock Exchange yesterday showing number of shares traded in 100s and closing prices: Sales Chiw Wool Advertisement for Bids Th Arizona Stwt HosDital will accept bids for the following equipment: laundry hampers, vacuum cleaners, floor polishing machines, one sewing machine. 150 nir bed side rails. Quantities and NEW YORK.

May 5 (AP Commission house selling depressed both wool tops and wool futures today. Australian wool markets were reported steady. Wool futures closed 1.2 to 3 cents 7 11 Ctos 1 14 60 1 2 2 37 11 1 5 88 30 2 7 specifications available with standard 49 19 7 7 5 i7i6 11 lower, juiy 150.0: Oct ji.kb: Dec. 138.4B: March 156.2B: July 151.7B. Certificated wool spot 148 bid Iorms a ire Arizona aiaie nospiiai business office.

2500 East Van Buren Street Bids will be opened at the State Hospital business office at 2:00 P.M. 13 IO Sates 2 18 4 6 8 8 11 .50 11 8 .50 6 14 5 5 10 24 29 16 14 2 12 1 20 21 i Close 8 10 'K 5 9 70 la 23 SS 8 '10 20 2 6 98 8 6 214 Sales 28 16 13 1.50 1 12 12 3 22, 8 9 4 1 5 45 46 142 28 10 8 16 Sales Close 2 7 6 15 3 ,19 19 73 13 35 4.50 89 21 2 2 2 4 5 4 17 10 16 1 12 1 24 6 1 43 12 18 .50 113 7 5 40 2 13 17 15 38 4 14 8 20 15 20 8 20 5 35 IS 1114 Hecla Min Holl Gold Horn Humble Imp Oil Ins Am Kaiser Mot Kingst Pd Lake Sh Mead John Mesabl Iron Mid St Pet Midw Pip Molybden Mtn St Pw Mtn St TAT -Muter Co Nat Bell Nat Fuel Ziuc-N Mex At Niag Shr -Niles Bern Okla Gas Pac A Pac Pet Ltd Brown Rub Buckeye Bunk Hill Burrv Bis Calg Ed Cal El Pw Cdn Marc Carnanon Catalin Cessna Air Chese Brou Claude Ne Con Engm Cont Fdy Creole Pet Cub A Sug Dumont A El Bond Sb Equity Cp Eureka Cp Flying Tiger Ford Can A Giant Yell Glen Aid Coal Goldfield Con Gt Lak OAC Pan coast Pet Pantep Oil Perm road Peppereii Pioneer Piper Aire Rio Gr Val Rotary El Royal Oil SapphPet Shat Denn Sherw Wms Singer Mfg Sonotone Soss Mfg 9CE 4.88 pr Std Pack Technico Tri Cont wt Unit Shoe Foil -Utah Id Sug Waltham Watch Wood ley Pet Wrisht Hat 2 15 on Monday, May 17. 1954: bids will not W'ool tops futures closed 1.0 to C.l cents lower. May 194. OB: Jvly 197.0B: Oct.

196.0B: Dee 195.0; March (new 20 7' 8i 11 I Air El Ad Am Marac Am Repub Anacon Ld Argus Cam Ark La Gas Aro Eouip Atlas Cd wt Atlas Plyw Auto Vot Bald Sec arium Stl Bell Tel Can Braz Tr LAP Breeze CP Br Am CHI Brown Co Brown 5 pf Brown 3 pf Brown is 26 Vj 1P2.5B; May 190.5B: Ji' S8.5B: Oct 186. OB. Certificated spot wool tops 195.0N. Bid; Nominal. oe accepted alter tne oour set ior open- Arizona State Hospital reserves the right to reject any and all bids' or waive any Informality in a bid.

ho bidder may withdraw his bid tor" a neriod of thirty (30) days after the date 11 1 3 3 1 Xdl4 6 A SI 5 43 5 21 12 5 41 47 41 Gtrus set -for the opening thereof. 1 12 .50 lf0 .50 51 7 171a jsoara oi uomra Arizona State Hospital, Pnoenix, Arizona Bjrj R. A. Cieiiand. Board Secretary LOS ANGELES.

May 5 aT (FSMN1 Grapefruit, lemons and oranges steady, Mice unchanged..