St. Louis Post-Dispatch from St. Louis, Missouri • Page 15

ST. LOUIS POST-DISPATCH April 12, i960 3 OU PONT HEAD SEESlBarge Line Head Opposes LATEST NEWS FROM Selling of Margin-Financed U.S. Issues Breaks Prices; a Rally NIXON OUCHES GOOD BUSINESS YEAR CIRCUIT JUDGE CLAMPS DOWN ON LAX LAWYERS Ownership by Railroads Capt. A. C.

Ingersoll Says Common Control Would Eliminate Desire to Improve River Service. ALL BASES ON GAMPAlGN TOUR NEW YORK. April 12 (AP)-Revere Copper Brass Inc. will meet competition from imports of copper sheets in the United States market. The company said yesterday it is cutting prices immediately and that it will remain competitive with foreign products.

The company gave no figures, but Industry sources fig By William H. Kester Post-Dispatch Business Correspondent Common ownership of barge lines by the railroads would have WILMINGTON, April 12 (AP) Dupont profits for the first quarter of 1960 might be slightly below last year because of many price reductions, stockholders were told Monday. Crawford H. Greenewalt, president of the E. I.

duPont de Nemours and said sales for the first three months totaled $535,000,000, about 6 per cent higher than the $506,500,000 tor the first quarter of 1959. Even so, he reported, profits which reached $69,522,000 for the first quarter of last vear. eaual no advantages not already possible with separate ownership, Capt, NEW YORK. April 12 Government bonds rebounded from sharp earlier losses to turn mixed in quiet trading late today. Just before the close, intermediate Treasury issues were minus 4-32 to plus 4-32.

Long range bonds were minus 2-32 to plus 6-32. The Treasury's new 25-year 4's, trading when-issued, were up 4-32 at 994-32 bid. This was a full half-point higher than the morning low of 98 20-32 bid. The corporate market continued to give ground in moderate turnover. Investment quality issues, utilities and industrials declined.

Rails and foreign bonds were mixed. Cuba 4s lost at 594. The Treasury's short term borrowing costs rose sharply, reversing a downtrend that began early last month. The latest issue of 13-week bills sold at a price equivalent to an average yield of 3.622 per cent, up nearly a full percentage point from 2.731 per cent the week before. A companion issue of 26-week bills drew a rate of 3.854 per cent, up from 2.927 per cent the previous week.

Major dealers in bankers acceptances also boosted rates by lA of 1 per cent across the board. This follows a -point hike yesterday. The new scale ranges from 4lt to 4 per cent for 30-to-90-day paper to 4 and 4'4 per cent for 121-to-180 days. A. C.

Ingersoll, president of the Federal Barge Lines, told the Traffic Club of St. Louis at a luncheon yesterday. case the rate differentials were Arguing the case against the gradually reduced until the ad' Circuit Judge Theodore A. Mc-Millian clamped down yesterday on neglectful lawyers. Judge McMillian, who presides in one of the two divorce courts, served notice that suits will be dismissed for failure to prosecute if attorneys representing the contestants fail to appear in court when their cases are called for hearings.

Furthermore, the judge ruled, the court will grant no more continuances over the telephone. Lawyers must appear in court and give satisfactory explanation for requested delays. Judge McMillian said that, on some days, attorneys in more than half of the cases on the docket neglect to appear in court. The new order, he said, is intended to reduce clerical work, expedite active cases and remove dead wood from the files. vantage of water transportation attempts of railroads to purchase barge lines, he said that common ownership would eliminate the desire of the rbably be l0WCr lines to was eliminated, he said.

Financial arrangements have been completed for the construction of the 71,000,000 Mid-America Pipeline, which will carry propane gas from the western ViZZ.t LB culr imPrave service Figures for 1960 were not avail- jTh illinoisCen. Texas-eastern New Mexico re Mutual Fund Quotations NEW YORK, April 12 (AP) The National Association of Securities Dealers. furnished Uw following quotatlona and states they do not necessarily reflect actual transactions or firm bids or offers but should indicate approximate prices and unless otherwise Indicated, are as quoted by the sponsors or Issuers. Based on April 11 closing prices. tral and Southern Pacific rail-roads have asked the Interstate Commerce Commission for approval to buy the John Hay barge line.

The Deac'nt. Bld.Asked. Deic'nt. Hid Asked, i Desc'Dt. Bld.Asked LJ An Desc'pt.

Bld.Asked. Pf Stk 7.83 8.56 Aberdeen 2.09 1.30 Eaton Stk 23.41 25.031 Income 6 35 6.95 Income 5.87 6.42 Affil Fd 7.15 7.74 Eleo Inv 7 67 a 38 Int Resour 4.83 5.28 ured trie cuts amounted to about Vi cents a pound, bringing prices to around 50 to 52 cents a pound for imports. SAN FRANCISCO, April 12 (AP)-Home building, a bell-wether in business, will be down in 1960 due principally to higher interest rates, says Nathaniel Rogg, chief economist for the National Association of Home Builders which opened a three-day West Coast convention here Monday. Business will be good this year, but the predicted boom will not materialize and those who forecast one for 1960 were "overly optimistic," Rogg said. He said the market for 16,000,000 new dwelling units during the next decade implies meeting only the absolute requirements of population growth and replacement of inadequate houses.

RETAIL SALES WERE VIR- tually unchanged in March after allowing for seasonal fluctuations and trading day differences, the census bureau reported. Sales totaled or about 1 per cent higher than in March 1959, the agency said. The preliminary estimate was based on a survey of 2000 retail firms which operate 39,000 stores in all parts of the country. Stock 7.95 8. 21.

21.12 Inv Co Am 9.77 10.68 Am Bus 4.07 4.35 Energy HO BBS INT SEBf Grwth 1.44 9.22 gion to Madison, "and St. Paul, Minn. The Missouri-Kansas Texas Railroad owns1 about 19 per cent of Mid-America's stock, making this one of the few ventures by a railroad into the pipeline field. The Prudential Insurance Co. of America will supply a total of 142,000,000 as construction of the pipeline progresses.

The remaining 129,000,000 was obtained by a recent offering of debentures and common stocks. Construction of the new line 7.70 7.98 Uives Boa 11,12 iz.13 Unavailab Inv Resch 11.63 12.64 17 11 Istel Fd 31.82 32.46 New Eng 10.09 10.91 NY CapU 12.71 13.71 15 12 16 35 Johnstn 24.24 24.24, NCE Sh 12.88 14.08 17.10 18.49 KEYSTONE: One St 12.65 13.68 SAN FRANCISCO, April 12 (AP) In the course of two speeches and a press conference yesterday Vice President Richard M. Nixon, candidate for the Republican nomination for President, picked his own opponent at the polls next fall, praised ex-President Harry S. Truman and had a good word to say for the Russians and the St. Louis Cardinals.

His only scheduled public appearance today was to watch the Cardinals help the San Francisco Giants dedicate their new stadium, Candlestick Park. After arriving in San Francisco yesterday, Nixon predicted that the Democratic nominee for President would be John Kennedy, provided the Massachusetts Senator won the primary election in West Virginia. This statement was made at an airport press conference. Praise for Truman. His praise for ex-President Truman came an hour later at Stanford University.

Nixon told 2500 students, inside and outside of Memorial Hall, that the last Democratic President showed "real leadership" in his decisions to drop the atom bomb on Hiroshima and send American troops to Korea. Nixon waited through an hour and a half of speeches last night at a baseball banquet before he got to the rostrum. Remarking that "people in St. Louis vote, too," he put in a few kind words for Stan Musial of the St. Louis Cardinals, veteran first baseman of the Giants' opponents in the opening game.

Nixon's remarks concerning Russia came at Stanford where Cua Bl Unavailab Oppen Fd 10.66 10.93 4.25 4.65 Am Inv 13.60 13.60 1 Equity Am Mut 1.50 .29 Eurofd A Res 18.50 20.125 Cap Aaso Fd 1.50 1.65 jF "1 Atom Dv 5.13 5.60 iV? Axe A 5.24 .70 ninth Axe 1 31 (.03 J. Axe Stk 3.90 4.26 Mut Axe Scien 11.95 13.02 Com Axe Temp 7.85 8.55 Frank Pf auic munuay. Total 1960 sales are expected to at least equal (he record two billion dollars plus rung up last year and, said Greenewalt, "might be perhaps a few per cent higher." Greenewalt told the stockholders, who re-elected all directors, that it was "particularly difficult, at this time to make any reasonable forecast of operations for this year." He asserted: Good Business Year Seen. "Nineteen-sixty will be a good business year, but not what would be called a boom year. I don't think the current outlook is a matter for concern since a steady rise for business activity is far better for the economy than a boom which might be followed by a bust." Greenewalt said inflationary pressures resulting from rising prices "seem to be coming to an end." Cue B2 Unavailab Penn Sq 13.4813.48 Cue B3 15.73 17.17 Phil Fd 10.0911.00 Cue B4 Unavailab 1 Pine St 11.5111.63 5.54 t.06i 2.22 1.43 10144 11.35 Cue Kl Unavailab Pioneer 8.51 9.25 5.68 6.25 Cus K2 Unavailab Price TR 13.31 13.44 Cus SI 18.46 20.14 Puritan 7.78 8 41 uue Rid 11.10 12.07 Fund Inv 2.81 3.10 8.98 9.84 16.76 18.12 Cue S2 11.52 12.52 Putnam 14.01 15.23 16.71 11.06 Gen Cap 12.23 13.22 Gen Inves Cue S3 13.33 14.44 Put Grth 16.63 20.25 move is opposed W.

H. Kester by the barge line industry. The increase in river traffic since the passage in 1912 of the Panama Canal Act, 'which bars railroad ownership of barge lines in competition with one another, is not just a coincidence, Ingersoll said. If the purchase of the Hay barge line is approved, the for-hire barge operations will not be able to continue as independent operations, Ingersoll said. He pointed to the elimination of Great Lakes water transportation operations owned by the railroads before 1912..

In that 6.77 7.36 will begin soon and deliveries Cus S4 Unavailab Quar Dist 6.91 7.55! S1! GROUP SEC are expected in December I960, AH lnilCI o.ua i MIH US JZ.ZO 13.25 a i GU 22 Scud SC 18.33 18.33 Auto 13.36 14.44 AvAEI Bldg 16.48 17.84 Robert E. Thomas, chairman of the executive committee of the Katy Railroad, is president of Bow Fd Broad St Bullock Calif Fd Can Gen Can Fd Cdn Gth Capit Shrs Blue Rid Chase Fd Chem Fd Col Ener Colon Fd i SljMra 13a 1-0 Sc Stk 9.219.21 Lexingt il.jj 12.25 Seiec Am 8.94 9.67 12 7413 95 Sharehld 10.9611.98 12 03 13 17 Sr. J2 S5 -fJ! Smith Ed 16.16 17.71 6 24 6 85 StjL. Sw Inves 13.36 14.44 9 08 9 95 fm 51f.2lS Sever Inv 13.67 14.97 6 89 7 56 Loom Say 1448 "-State St 34.80 36.80 52 10.40 6.82 9.67 11.10 12.07 13.51 14.77 10.89 11.78 Stein RF 35.44 35.44! MAN AO FUND: a ft si 11.90 13.01' 10.21 11.16 Cap Gr Chem Com St Food Ful Ad Gen Bd Ind Men Inst Bd Merch Mining Petrol RR Bd RR Eq RR St Steel Tobao Cwth Inc 8.90 9.671 Com Inv 9.37 10.18 7.80 8.13 13.24 14.50 Cer. Ind 3.59 5.76 6.32 Metal 2.27 0.13 10.00 PP; J.34 2.13 2.35 Pe" f01 5.80 6.36 Sped 3.50 9.05 9.92 Trana 2.35 21 10.09 Tr 12.86 13.90 i a io Maas Gth 14.17 15.32 the pipeline, which will have headquarters in Tulsa, Okla.

The authorized number of directors of Anheuser-Busch, was increased from 14 to 15 at a special meeting of shareholders held yesterday at the company's headquarters. Richard A. Meyer, vice president and general manager of the brewery, is expected to be elect COTTON TEXTILE MARKET Stein Stk 27.64 27.64! Sterl Inv 11.77 12.72! Telev El 7.81 8.51 Texas Fd 1.56 10.45 Townsnd 6.47 7.08 TwenC Gth 6.18 6.75 UNITED FUNDS: Ami 12.09 13.14 Cont 7.19 7.86 Incom 10.50 11.41 Scien 13.85 15.14 15.15 16.47 18.62 20.24 7.99 8.68 14.12 15.26 17.50 19.01) 20.88 22.72 was slow Tuesday. Prices held Roscoe C. Hobbs of St.

Louis, Republican National Committeeman from Missouri, will not seek re-election, he announced yesterday. "I have definitely decided I will not be a candidate for national committeeman," he said. "I will serve out my term. I will not indorse any candidate for the office of national committeeman." Hobbs made the announcement, which had been expected by party leaders, at a meeting here of directors of Missouri Republicans Unlimited, a fund-raising organization. Perry Compton of Montgomery City, former state Republican chairman, has announced his candidacy for the committeeman post.

Francis C. Corley of St. Louis, treasurer of Missouri Republicans Unlimited, has been mentioned as a possible Com Stk Comp Bd Comp Fd Concord Cone Inv Corp Ld Crown Dele Fd about unchanged. There was no Utilit 10 86 11 89 MaM Life 20.75 22.43 19.22 19.80 Minn Fd 7.79 8.51 18 83 19 41 Mlssil Jet 11.97 13.08 7.11 7.78 Grth Ind uuaran 11.24 12.36 UnFCaa 15.38 16.72 Ham he 7 4.88 5.33 ai.t.r. m.tx 15.91 Dela Ine 9.71 10.68 lj.

Jan Milt NM. fl A VI 1 72 HM deVesh In 15.50 15.66 chrT 11 it 1. in. to sal additional pressure of resale offerings and mill circles generally thought that forward buying of cloth would revive some time next month. A dull market for cloth has lasted since the first of the year following heavy deVegh 70.00 74.75 PnVFnd 249 1 73 Mut Trust 3.21 249 Val Spl 3.20 J.50 Diver Gr 9.81 10.53' Ine Best 7.51 8.21 Nat WSec 19.45 21.05 Wall St In 7.91 8.64 Diver Inv 8 65 9 4a Inrom In ana a fa Nat Invea 13.48 14.57 Wash Mut 9.79 10.70 Div Tr 20.30 22.95 Incoro Inv 8.60 9.30 NAT SEC SER: 'Well Eq 12.94 14.07 he pointed out that Americans Divid Shr 2.87 3.15 IN8TIT SHRS: I Balan 10.33 11.29 Well Fd 13.8015.04 Dreyfus 14.10 15.331 Found 10.44 11.42 Bond 5.64 6.16 WhitehU 12.31 13.31 Eaton Bal 22.14 23.671 Grwth 10.77 11.781 Divid S.77 4.12,Wicon 5.91 6.39; generally "have a short-range view of history.

We only look covering of requirements by OFFICE MANAGER MODERN MIDTOWN BRANCH OFFICE All Machine Accounting, Bookkeeping and Data Processing. Excellent opportunity for man well grounded in modern accounting practices and with a knowledge of machine bookkeeping and data processing. This position also requires managerial skills, the ability to supervise 10 or more people, and to prepare and process operational and other reports. Salary Open Co Miss BJe for Appointment JE 5-6608 converters late in 1959. The wool at the problem five years ahead." goods market was quiet.

Unlisted Local Stocks, Others The National Association of Securities Dealers, has compiled the following quotations of unlisted securities. The Association statea the quotations are unofficial and represent merely an approximation of the range between bid and asked prices. TUESDAY, APRII, "Russia," Nixon said, "recog nized the importance of China ed to fill the new position at the company's annual meeting tomorrow. Leonard E. Corkhill has been promoted from manager to assistant vice president of Shoppers Charge Service, which started operation here last year and now serves more than 300 retail establishments in the St.

Louis area. David S. LaPlaca has been appointed branch manager of the insurance sales office of the Atlantic Companies in St. Louis. Blake Ward has been appointed St.

Louis division manager for Byers succeeding Treasury Bonds NEW YORK. Aoril 12 AP) Noon 25 years ago and Africa 15 years ago." Bid. Asked. Description. Description.

Bid. AskeoV. Bld.Aeked. 12 13 MoUtllitles "In the struggle with the Rus AetnaFln AmbsrirOll over-the-counter United States Govern 27Vi 29 12Vi 13Vi 20 21 Vi NRtOnats FlfteenOll FlrstONNB FlrstNatStl oy, JOHN GESTR1CH TAKES OVER 68 v. 71 ment Treasury bond bid, asked, net change and yield: NalOidLins NatUnFlre AmKxpress 46h 49 V4 Amlnsuranca 2fil 28 81 sians, Africa is the most critical area in the world," he said.

Frankl.ifa 77 Vt 16 AS OVERLAND POLICE CHIEF 17 Vi Funsten AmMarletta 34 36 Vi Description, Bid. Askrd. Ch'ge. Yield. 12 17 Ocean Drill OlinOAO "We have to realize three AngelUnlform 14 15 Anh-Busch 2fl'4 27 2s60 33 35 i 19V4 20 99.6 OzarkAir Oa3ervCo GenCont pf GreenAP 2s5-60 Pabat Airzrunsvc jua 4i things about Africa: 99.4 98.24 97.28 67.2 3.53 2 94 4.12 4.22 2s(il 20 21 97.30 .6 97.6 .8 PepslCola.

PickerL RaUtonPur s61 '1. The leaders there want 4 45H 48 HlrechPN Homelnsur Honeeeers 62-59 14 19 4 9Ti 14 12 43 5 37 Vi 27 Vi 65 19 7V4, 64 Vs Former Patrolman John M. Gestrich of Overland assumed his duties as police chief after his election was certified by the 24 453 95.26 95.30 .6 4.13 progress. 8 'A 13 '4 11 40 4 34 Vi 26 HO 17 64 SO Reardon Rockwell Rvriet-Kva June Dec HydrBrk x-d "2. Our methods won't neces 22 Vi 24V.

11 12H 54 57 13Ui 16 13 Vl 14 Vi 16 17 Ti 8 8 24 28 220 240 30Vi 32Vi 27 Vi 29 Vi 15V4 17 StLCNfi 2s63 sarily work to insure progress municipality board of alder 3.164 22 43 UV4 69 16 19Vi 6Vk 9W 10 27 Vi 26H InteSec Kearney pt LacOaspt Lacsteel LlbLoan 95.8 .6 94.12 .8 95.28 .2 92.26 .6 94 4 .8 83.8 .2 4.07 4.20 4.17 4.24 4.01 4.19 1 72V4 22 6 IO14 11 29 Vi 284 Ark-MoPow Bankof Am. BankBuild BemtsBag Biederman Boatmen's BrodABasc ChanceAB ClaytonB Coca-CStL ColoOftO ConsDearbn CopeRefrlg CurleeCI DayBrlte DewPtCem D'ham-Bush Ecuadorian ElecCap 13 14 2 V65 366 2s67-62 2s68-63 2a69-6t StLlnsur BtLSUCst StLUnion Scruggs BearleGD SecMutual Sou'wstBnk SDeotorFr 63A 65 87. .10 4.24 31 34 What kind of help in areas of high illiteracy and no industrialization. "3. We have to bring African leaders to the West." Question and Answers.

In a question-and-answer peri 22 men last night. He defeated incumbent Brown Hairgrove by 16 votes in last Tuesday's election. Hairgrove, 56 years old, was appointed sergeant. A member of the department for 19 years, June 4. 37 20 15 95.4 94.8 95.24 92.22 94.

89. 86.24 85.18 98.18 85. 83.24 83.20 83.12 85.24 .8 98.24 .8 14 44 47 35Vi 40 43 4s69 4.11 LoneSRtl LonaMRub Malllnckrodt ManchesterB MercTrust MldwRubRe MissGlass MiKsVBarKS MoNatGas 2s69-64 Dec 13 13Vj 15 28 29 7 8 10 114 27 Vs 29 W. B. Simpson, who has retired.

FEBRUARY RAIL NET SHOWS GAIN OVER LAST YEAR WASHINGTON, April 12 (AP) The Association of American Railroads estimated the net income of Class I lines for February at $28,000,000. This compared with a net of $22,000,000 in February last year and a deficit 85.8 .12 4.33 85.4 12 4 31 29 39 steax'n'snaite ovi TexRTrans 27 TherDlscxd 35 V4 Weyerhaeuser 36 Whlte-Rodg 24 2s70-65 1 does a broker 26 provide 84.00 .18 4.29 83.28 .18 4.11 2 (572-87 June 2s72-67 SeDt. od at Stanford he said he had opposed the Forand bill for old-age health insurance because: 83.20 .16 4.14 he has four years to serve before he is eligible for retirement. An Overland policeman must be 60 years old with 20 years of service before receiving retire 1 1. It was limited in coverage to Dec 8.120 3s74 95.16 80 OH 12 83.28 .12 4.11 95.24 4.24 96.20 .12 4.22 85.24 .8 4.20 85.16 8 4.17 those who have social security.

2. It was compulsory. 3. Fear 3.183-78 85.16 3MnR 85.8 ment benefits. cosr up mmi that it would lead to state or 99.00 .8 4.30 88.00 .8 4.19 44s85-75 98.24 3'is90 87.24 3:95 83.8 83.16 .8 3.85 In other changes, Lt.

Raymond Poeschel was reduced to. sergeant, Sgt. Edward Girard was Prices quoted in dollars and thirty seconds. 'Partially tax exempt. of $10,000,000 in the same month of 1958.

The report estimated the earnings for the first two months of 1960 at $55,000,000. This compares with net income of In the corresponding period last year and $5,000,000 in the socialized medicine. New fork Times News Service A student brought laughter, both to Nixon and to the audience, by asking Nixon: "Can a man who uses cam promoted to lieutenant, Patrolman Clarence Velker was promoted to sergeant and Robert Breeden and Sylvester Dividends Reported NEW YORK. April 12 (AP) Dividends declared: Onions were reduced to patrol Stock. Bate.

Period. Record. paign techniques such as OenWaterWki Stock 3 5 men. Former county Police Capt. Richard J.

Hackmeyer was appointed chairman of the three- nuendo about Communism be qualified for leadership?" HllierAirc "I believe a candidate atti Irregular .08 Extra. .60 ValLlnelncF Therm-o-Dii WASHINGTON, April 12 (AP) The Government's short-term borrowing costs rose with current weekly offering of Treasury bills. Offers on the $1,100,000,000 issue of 91-day bills averaged 3.622 per cent. This compared with 2.731 per cent a week ago. Bids for the $500,000,000 of 182-day bills averaged 3.854 per cent.

The rate a week ago was 2.927 per cent. These yields are calculated -on the basis of a 360-day year. Over a full year, the equivalent rates would be 3.71 per cent on three-month bills and 3.99 per cent on the six-month issue. tude toward Communism, his record, his votes, all means Regular As far as we're concerned, the right answer to that one, depends on just one thing the kind of help you want. Some of our customers work almost completely on their own.

They make up their own minds about what they want to buy or sell and depend on us only for facts and statistics plus fast and accurate execution of any orders they place. Most of them though want a lot more guidance. They want up-to-date facts on earnings, sales, dividends want our opinion too, on just what those facts seem to add up to as far as the future goes. Again, some customers like to be called once or twice a day welcome any sensible suggestions for purchase or sale Others don't want to be bothered for weeks on end, are content to invest carefully for the long pull. That's why we never try to second guess any in vestor who comes to us for help.

We simply try to give him all the help that he thinks he wants. Enough help for your account, too? We think so, but we'd rather rest our case on your opinion. To form one, simply call or write we're perfectly willing to take it from there. AmBdcastPa 25 man police board. BURGLAR PLEADS GUILTY, GETS 3 YEARS IN PRISON should be discussed in a cam CHICAGO, April 12 (AP)-Grain futures prices rallied almost all along the line in the early afternoon today and some contracts moved ahead sharply.

Rye and old crop wheat were up a cent or more generally from previous closes. Oats and corn were steady to firm while soybeans recovered all or most all of their early setbacks. Dealers said the market appeared to be reacting somewhat to the Government report of yesterday on the stocks of grains on farms as of April 1. For most commodities, the stocks were smaller than a year ago. The soybean supply was the most notable exception.

It was up about 17,000,000 bushels at CHICAGO. April 12 (AP) Grain futures range and close: 2.00 AssdTTA 1.00 Pay. 5- 1 6- 1 5- 16 4- 29 6- 15 6- 15 7- 1 6-1 5- 2 5-10 5-16 f-31 8- 6 4- 29 5- 1 6- 15 5- 1 6- 1 6-24 5-16 paign," Nixon said. "It is vital MayDeptStrs .55 4-19 4-29 4-23 4- 13 8-20 5- 16 6- 1 5-13 4-15 4-22 4-22 4- 25 5- 2 4-15 4-21 6- 2 4- 20 5- 14 6- 10 4-25 Moorel-iamlH .15 ly important that my record and NatBkDet .50 RelchholdCh .15 .175 my opponent record be examined from the time we en Kyriersys SouthernCo Thermo-o-D TraneCo same period in 1958. The association said operating revenues rose about 2 per cent in the first two months of this year, compared with the same period jn 1959, while operating expenses Increased only 0.1 per cent.

The report said that in the 12 months ended February this year the railroads' rate of return based on property investment averaged 2.76 per cent. By operating territories, the February earnings were: For the east, $7,000,000 dollars compared with $2,000,000 in February 1959; for the south, compared with for west $15,000,000 even with a year ago. Grain Futures Purchases. CHICAGO. April 12 (AP) drain future purchase reported Tuesday (000 omitted): .35 .30 .223 .50 .60 .30 .40 .50 uoulfllMaBa NatClBk.Cl PearlBrew UnltArtlstf tered public life to see whether we have shown judgment, whether we have been naive.

I intend to discuss Communism throughout the campaign and I expect my opponent to do likewise." BestkCo NEVER INTENDED TO FALSIFY High Low Close Prev. Close chicaqojvheat; May 208 206 207 184 184 July Sept 206 184 186 191 194 186 186 186 192 191 191 uec Mar iua iu lua Ralph C. DeClue was sentenced to serve three and one-half years in prison yesterday when he pleaded guilty of burglary of the Goodyear Tire Rubber 9405 Lackland road, Overland. Circuit Judge Robert G. J.

Hoester of St. Louis county, who accepted the plea, said the sentence will be served concurrently with a 30-month term to which DeClue was sentenced last Thursday. He was found guilty by a jury Thursday of attempted burglary of a state license office in Overland. DeClue, 23 years old, was arrested in the Goodyear Tire Rubber Co. burglary Jan.

4 when he and a companion, Robert F. Nichols, returned to the company to pick up loot they had stacked in an areaway nearby. Nichols was killed as he attempted to escape a police trap. DeClue, a truck driver, lives in the 2100 block of Lynch street. Kansas" city wheat U.S.

TREASURY STATEMENT WASHINGTON. April 12 (AP) The cash position of the Treasury April 7: Balance, deposits fiscal year July 1, withdrawals fiscal year, total debt, gold assets, $19,397,037,981. Includes $408,164,645.33 debt not subject to statutory limit. BANK CLEARINGS St. Louis bank clearings for April 12 were $66,100,000 compared with $69,100,000 a year ago.

TO ACQUIRE ASSETS MILWAUKEE, April 12 (AP) Clark Oil Refining Corp. agreed to acquire all assets of Intex Oil Co. of Bakersfield, Calif. The tentative agreement calls for Clark to exchange one share of common, one share of $15 par preferred convertible into common on a share-for-share basis and one share of $18 par preferred for each five shares of Intex common outstanding. The agreement is subject to final approval by directors of both firms and stockholders of Intex.

Previous (Session 201 185 187 May 202 201 202 July 185 185 185 Sept Week A 8,426" 8,479 2.950 1,619 15,450 Year Ago 31,192 10,230 2.513 5,084 14,688 WHEAT MINNEAPOLIS Merrill Lynch, Pierce, Fenner Smith Inc. Members New York Stock Exchange and all other Principal Exchanges 511 LOCUST STREET, ST. LOUIS, 1 Telephone: MAin 1-6330 Wheat 10,012 Corn 4.985 Oats 1,251 Rye 1,225 Soybeans 7,780 217 216 218- 215 206 205 May 217 219V. July 216 215 8ept 206' 206 CHICAGO CORN Total 25,253 36,824 63,707 Open Interest in wheat futures the Erevious session totaled 53,507,000 ushels: corn 74,972,000: oats rye and soy 118 118 119 May Julv RETURN, POWELL TESTIFIES NEW YORK, April 12 (AP)-Representative Adam Clayton Powell on the witness stand at his income tax evasion trial, testified yesterday that he had never intended to falsify his wife's 1951 tax return. He said he signed the return on his wife, jazz pianist Hazel Scott, because she was in Europe at the time.

He testified also that his 1951 swing through Europe with his wife and child was official business. "I was working at the time," he said. Powell is accused of filing a fraudulent tax return in his wife's name. They are now estranged, and she is living in Paris. She is not a defendant in the trial.

121 121 121 117 118 118 121 117 110 114 SeDt 118 beans 128,851,000. Den 110 110 liui Mar 114n CHICAGO OATS May 74 73 T3 74 73 July 72 71 72 71 Sept 71 71 71 71 Dec 74 74 74 74 Exchanzi IMAGINATIVE DESIGN QUALITY CONSTRUCTION NEW YORK. April 12 (API For MINNEAPOLIS OATS eign exchange rates (Great Britain and Australia in dollars, others In cents and decimals of. a cent): 67 66 67 May 67 CHICAGO RYE Today Prev. Day Canada in N.Y (free) Great Britain 103.4687 103.5625 May 123 120 123-22 120 July 122 119 121 120 Sept 123 121 122 12112 Dec 125 123125 123 24 CHICAGO SOYBEANS (pound) 2.808S do 30-day futures 2.8072 do 60-day futures 2.8054 do 90-day futures 2.8037 Australia (pound) 2.25 Belgium (franc) 2.0070 2.8091 2.8072 2.8053 2.8035 2.25 2.0065 20.39 May 215 214 214 215 July 217 216 218 217 Sept 211 210 211 211 Nov 209 208 209 209 Jan 213 212 212 213 CHICAOOLARr (Drums) May 9.62 9.57 9.57 10.12 July 10.05 9.90 9.92 10.40 Sept 10.32 10.27 10.32 10.47 Oct 10.30 10.27 10.30 Nov 10.45 10.37 10.45 10.40 20.39 23.98 2H.52 .1625 3.51 19.36 23.07 14.53 1.22 .55 8.02 29.89 17.65 r-ranee (franc) Germany (Western) (deutsche mark) Holland (guilder) Italy (lira) Portugal (escudo) Sweden (krona) Switzerland (franc) (free) Denmark (krone) Argentina (peso) (free) Brasll (cruielro) (free) Mexico (peso) Venezuela 4 bolivar) Hong Kong dollar 23.98 26.5173 .1625 3.51 19.38 23.07 14.53 1.22 .55 8.02 29 99 17.65 CHICAGO SOYBEAN OIL 8.00 8.11b 8 05b 7.98b 8.00b 8.01 8.12 8.06b 7.99b 7.9ib 7.98 8.10 8.03 7.98 8.00 8.02 8.15 8.10 8.00 8.01 May July Sept Oct Dec KStes.

szzz- i Corporate Reports BLOOM construction inc. 'masonry construction company Sf. LOUIS CUSTOM CABINET INC. THE MOSLER SAFE COMPANY F.G.AVEY COMPANY BUTLER ELECTRICAL AND APPLIANCE CO. ROCK HILL HEATING AND AIR CONDITIONING PRECON CONCRETE PRODUCTS COMPANY LEN A.

MAUNE COMPANY HANKS GLASS COMPANY BEILENSON PLUMBING COMPANY COUNTY ROOFING AND INSULATION CO. ST. LOUIS COUNTY TILE COMPANY INTERNATIONAL LIGHTING, INC. iinrrrir iiisMimnisi i maiii najaisMMa imm mmi 11 manm i mmwuiwx ram- Fox Malin, Archittcti SOUTH KOREAN GENERAL TO STAND TRIAL FOR GRAFT SEOUL, April 12 (AP)-South Korean army authorities yesterday ordered Lt. Gen.

Yang Kook-chin to stand trial on charges of graft and misappropriation. Facing court-martial with the former commander of the Third Army Corps are three ex-aides. Yang also is accused of hiding one aide, Lt. Chang Hi-jon, who was arrested Saturday at his home. Meanwhile, a member of the ruling Liberal party accused two brigadier generals of graft.

In the South Korean assembly, Assemblyman Sohn Do-shim said he had evidence to back up his charges. Busman Wins Busman's Holiday. BELGRADE, April 12 (AP)-Dragomir Dinic of the Yugoslav town of Aleksinac won a lottery prize giving him a free bus ride to the provincial capital of Nis. Dinic is the driver of the bus which makes the daily run between the two towns. ARROW LOAN AND FINANCE COMPANY The First Drive-Up Loan Company in the St.

Louis Area iV jiiiiwiiii'irri'iii NEW YORK, April 12 (AP) Only Income per share as stated by corporations Is given In the following table. In some Instances comparisons with preceding year may show wide swings (gains or losses) which may be due in cases of loss or largely reduced income to some extenunatlng or substantial non-recurring cost or temporary Influences or In cases of nonrecurring benefits In preceding year. These facts should ba sought In An- tailed reports Issued by the companies. CHICAGO SOYBEAN MEAL May 57.00 56.80 56.80b 57.20-S July 57.10 56.95 57.00- 56.95 57.20-15 Aug 57.10 88.95 56.90b 57.15 Sept 55.30 55.10 55.20b 55.35b Oct 53.60 53.50 53.40b 53.50b NT. LOUIS CASH GRAIN MERCHANTS' EXCHAHNGE, April 12 Cash grain market Tuesday: Wheat receipts 60 cars.

3 sold; corn, 34 cars, 4 sold; oata non. Salea were: Wheat, No. 1 mixed $2.132.17. Corn, No. 5 yellow $1.22: No.

2 white $1.22: No. 3 white $1.201.21. Bran and shorts both were 50c a ton lower at $48 48. 50. Soybean prices were unchanged Tuesday.

No. 1 yellow, 30-day shipment, Missouri $2 03. 08 a bushel to producers, country elevators. Illinois 10 a bushel, soybean ollmeal, 44 per cent protein, $57 a ton bulk, Pecalur, 111. MIDWEST SET AT $10,000 CHICAGO, April U-Arrange-merits have been completed for the sale of a membership in the Midwest Stock Exchange at up $300 from the last sale.

1959. 1958. Design, Engineering Construction under a Single Contract PA. 6-1330 1 Months to Dee. 31.

United Artists 2.47 2 22 Creole Petroleum 2.58 3.04 Hotel Aorp. Am. .03 .14 Colo. Interstate Gas 2.40 2.29 LOOM, 1900. 1959.

34 N. BRENTWOOD BLVD. Rut on I 1.11 26 Weeks to Feb. 27. Stanley Warner 1.02 Three Months to March 31.

Great Nnr. By. .39 Cutler Hammer 1.04 Twin Coach .43 Month of February. West. Air Lines .23 RENEWS .59 I .88 .67 .19.