The Oshkosh Northwestern from Oshkosh, Wisconsin • Page 17

17 1 stocks "and bonds 1 DAILY MARKET REPORTS "grain and produce HTE OSHKOSH NORTHWESTERN, SATURDAY, APRIL 10, 1937 President's Statement NEW YORK STOCK QUOTATIONS (By ASSOCIATED PRESS) Chicago Slocks (By Associated Press) Close A torn Prod 7 Butler Bros 15', Close Check on Bull Market Deflation Humors Also Have Depressing Effect, Says DEALINGS QUIET IN MARKET'S SESSION, TRENDSINDEFINITE Several Specialties Manage to Cain But List As Whole Is Unable to Get Any Place Weekly Letter of Henry Clews Organization. Even Settlement of Chrysler Strike Failed to Arouse Responsive Rally. that government operation is an expensive luxury. While, as above stated, the discussions that are novg rife are a bit upsetting, in the long run they will Drobabiv do more coori than harm New York Curb (B soclatd Press! OlOM Am Am Sup Pow 2 Ark Nat A Ash Oil St 7 As St El A 3i Atlas Corp War 2 Carnation 30' Cities 8vo 4 Clt Svc pi 47'4 Cons Cop Mln fl'i Cusl Mez El Bond St Sh 201', Eq Corp 23, Ford Can A 24s Ford Mot Ltd 73. Grand Nat Films 23 Hecla Mln 183i Hud Bay St 33V, Money Harris 137s Nat Hellas Hess 2' Nlag Hud Pow 133 Penn Road 4 Pitts PI Gl 133 Sonotone li Sunshine Mng 18 Unit Gas 10V, Unit Lt Pow A 7'i Unit Verde Ext 3, Unit Wall Pap 5 Ut Pow Si Lt 4 Stock Averages (Compiled by Associated Press) 30 15 15 60 Ind'ls Ralls Utlls St'ks Net change .4 2 .2 Saturday 93.0 44.5 45 8 69.0 Previous day 93.4 44.4 46.0 69.2 Month ago 99.9 47.7 48 2 73.9 Year ago 85.5 38.8 49.2 64.7 1937 high 101.8 49.5 54.0 75.3 1937 low 92.8 37.8 45.7 68.7 1936 high 99.3 43.5 53.7 72.8 1936 low 73.4 30.2 43.4 55.7 Movement In Recent Years 1932 low 17.S 8.7 23 9 16.9 1929 high 148.9 153 9 184.3 157.7 1927 low 51 6 95.3 61 8 61.8 Close 18 72 13 240 18 65 104 9 57 11 23 0i 169 83 15 21 56 110 10 79 33 17 30 8 8 35 31 25 24 90 261.4 43 261, 46 50 10 9 42 15 31 14 150 74 60 4 2 114 1483, 23 14 64 16 2 38 35 57 45 64' a 6 76 32 44 56 155 159 38 20 18 36 52 41 58 16 44 40 3 10 24 49 35 13 391 21 20 31 23 22 103 64 12 127 57 40 22 Ad Exp Air Reduc Al Jun Al Chem St Dye Allied Strs Allls Ch Mfg Am Can Am St For Pow Am Met Am Pow St Lt Am Rad St St Am Sm Sc Am Tob Am Type Fdrs Am Wat Wks Anaconda Arm Del pf Arm 111 A Ss 3 Atl Ref Atlas Corp Auburn Auto Aviation Corp Baldwin Loc Bait Si Ohio Barnsdall Beatrice Cr Bendtx Avla Beth Stl Blaw-Knox Bonn Al Borden Briggs Mfg Briggs St Strat Budd Mfg Budd Wheel Calif Pack Cal St Hec Can Ale Can Pac Case Cer de Pas St St St St Chrysler coca cola Colgate Palm Col St El Coml Inv Tr Coml Solv Com'wlth St So Con Ed Is Con Oil Con Can Cont OH Del Corn Prod Curt Wr Cutl Ham I) Diamond Mat Dome Mines Douglas Aire Du de Eastman Kod El Auto El Pow St Lt Erie Firestone Gen Elec Gen Foods Gen Mot Gillette Goodrich Goodyear Graham Oranby Con Gt Nor Ir Ore ctf Ot No Ry pf Gt West Bug Hecker Prod Homestake Houd Her Hudson Mot I Ills Cent Insplrat Cop Interlake Ir Int Harv Int Nick Can i Johns Manv Kennecott Klmberly CI Krog Oroc CORN: No.

4 yellow 1.38-39; white 1.37-38; mixed 1 36-37. OATS: No. 2 white 56-57: No. 3. 55.

RYE: No. 2, 1 28-29. BARLEY: Malting 1.05-25; feed MII.WAIKKK LIVESTOCK Milwaukee. (U.R) HOGS; Receipts 500; steady. CATTLE: Receipts none; steady.

SHEEP: Receipt none; steady. MILWAUKEE PRODUCE Milwaukee. W) BUTTER: Fresh creamery extras 30-30. EGGS: A large 23; A medium ungraded (current receipts) 21. POULTRY: Live hens, under lbs, 21; over 5 lb.

21; Leghorns 18; roou-cs 14; ducks, over 4 lbs, young white 20; young 18: old 18; geese 12; turkeys, old torn 14; old hens 20; No. 2, 12; broilers 26. CABBAGE: Domestic ton $15-18. POTATOES: U. S.

No. 1. Wisconsin Round White, sacked per 100 lb on track 2.10-15; No. 2. 1.00-10; commercial 1.75-85; Idaho 2 85-90; Colorado 2.90-3.00.

ONIONS: Commercials 40-50; No. 1, 70-75. PLYMOUTH CHEESE Plymouth, Wis. Cheese quotations for the week: Wisconsin Cheeae Exchange: Twins 15 cents. Farmer Call Board: Horns 15 cents.

MINNEAPOLIS FLOUR Minneapolis. (P) FLOUR: Carload lots, per bbl. in 98-lb cotton sacks: Family patents, unchanged. 7 standard patents, unchanged, 7 Shipments, 17610. Pure bran 38 00-38 50; standard mid dlings 38 50-39 00.

MINNEAPOLIS GRAIN Minneapolis. (P) WHEAT: Receipts today, 66 cars, compared with 134 a year ago. Futures; May 144; 1.38; Sept. 1.28; trading basis unchanged: quotations lc higher. Cash: No.

1 heavy dark northern, 60 lbs 1.54-1.70: No, 1 dark northern 59 lbs 1.53-1 69: 58 lb 151 CORN: No. 3 yellow 1 37-1 39; trading basis unchanged to lo higher; quotation 2c lower. OATS: No. 3 white 49-51. BARLEY: RYE: No.

2, 1 14-1 20. FLAX: No. 1. 2 20-2 25. SWEET CLOVER SEED: 14 00-50.

ST. PAUL LIVESTOCK South St. Paul, l')-(U. 8. Dept.

of Agr I CATTLE: 300; compared with Friday last week bulk slaughter steers and yearling 25-50 lower; choir kinds abent, quotable steady; good to choice heifers 25-50 higher; rommon kinds and beef cow weak to 25 lower; cutter and low cutter cows 25 off; bull 15-25 lower; stock cattle very dull around 23 lower; bulk good fed steers and Lambert 20 Libbey Gl 67 Ioew's 79i Lorlllard 23 Mack Trucks 53 Marrh Field 2S Masonlte 58 Mid Cont Pet 32 Mlnn-Mol Imp 14 Montgom Ward 59 Mother Lode 2 Motor Wheel 22 Murray Corp 16 Nash-Kelv 21 Nat Blso 2 Not Cash 33 Nat Dalrv Pr 23 Nat Distill 3a Nat Pow Lt 10 Nat Tea 9 Cent 47 North Am 26 Northern Pac 30 Ohio Oil 21 Otis El 35 Otia Stl 20 Pac St El 31 Packard Mot 10 Param Pict 23 Park Utah 5 Pathe Film 8 Penney 96 Penn 45 Phelps Dodge 48 Phillips Pet 56 Pub Svc 434 Pullman 59 Pure Oil 20 Radio 10 9 Rem Rand 24 Reo 8 Rep Stl 41 Rey Tob 51 8 Schenley Distill 46 Seaboard OH 49 Sears Roeb 87 Shattuck 15 Shell Un 31 Sllv King Coalit 15 Simmons 52 Smith AO 40 Socony Vac 18 80 Ry 36 Sperrv Corp 19 4 Std Brands 14 Std Oil Cal 45 Std Oil 88 Stewart Warn 177, Std OH 17 Stone St Web 24 Studebaker 16V, Tex Corp 60 Tex Gulf Sul 40 Tide Wat As 19 Timk Det Ax 23 Transamerica 17 Tri-Cont Corp 9 Twent Cen Fox 37 Un Carb 99 Un Oil Cal 20 Unit Corp 6 Unit Drug 14 Unit Gas Imp 13 Ind Alco 391', Rub 13 8m 91 8 Stl 112 8 Stl pf 143 Walworth 16 Warn Pict 15 Waukesha Mot 31 West Un Tel 70 Westgh Air 47 West El St 132 White Mot 27 Wilson Sc Co 9 Woolworth 52 Wrlgley Jr 70 Yell Trk St 29 Youngst Sh St 87 7. Zonlte Prod 6 yearlings 9 50-11 50; good 995 lb yearlings up to 12 00; best light and me-dlumwetght beeves 12.50; common and medium grade 6.50-9 50; butcher heifer 7.00-9 00; good grades to 10.25; common to good cows 5.25-7.50; cutters and low cutters 3.50-4.75; medium bulls 5.25-75; good grades 600; load of choice 830 lb feeder steers 9 00; good grade stock steers and calve 7.00-50; common and medium 5.00-6 50. CALVES: 300; mostly 50 off for week; late bulk good to choice 7.00-8.50; few to 9.50. HOGS: 700; steady with Friday's average; good and choice 190-300 lbs 9.75-90; one load strictly choice butcher 9 95; 160-190 lbs 9 40-75; light light, and pigs scarce: a few good sow 9 50; average cost Friday 9.71; weight 214 lb. SHEEP: 100; compared with Friday last week slaughter lambs largely 25 lower; slaughter ewes unevenly ateady to a much a 50 off; feeding lamb 25-50 or more lower; bulk for the week: Good and choice wooled lambs 11.50-75; shorn lamb 10.25-50; good and choice wooled ewes mainly 5 bulk good and choice feeding lambs early in week 1000-50, CROWN CAN CO.

TO BUILD NEW PLANTS New York Charles C. McManus, president of Crown Cork it Seal in a statemr-nt in the company's annual report issued yesterday revealed plans for two new plants for the company's can manufacturing subsidiary. Crown Can he said, has acquired property in St. Louis and is proceeding to erect a plant "which will be an important unit of the company and is expected to be in operation during the coming packing season." Property has been leased at Madison, where a small plant will be operated, McManus said. Expenditures In 1937 for plant construction and improvements, including machinery and equipment installations in progress during will total approximately $5,700,000, the report said.

Chi Corp 5 Cities Svc 4 Cord Corp 4 Gen Household 6 Heileman Brew Kingsbury Brew 2 Lib McN St 14 Mid West Corp 11 Nat Prea Cooker 16 Nor'wst Bancorp 12 Swift Si Co 25 Swift Int 32 Wise Bankshrs 93 Zenith 32 Milwaukee Stocks (Bv United Press) (By Palne-Webber Si Co Close Allls Chalmers 65 Am Light Trac 20 Borden Co 26 Bucvru Erie 19 8t St 2 Cities Service 4 Con Can 57 Olmbel Bros 24 Hecla Mining 18 Klmberly Clark 40 Nash Kelvlnntor 21 Nat Dairy 23 North Ainn 26 Northwestern 4 Simmon 52 Waukesha Mtrs new 31 OSHKOSH MARKETS (I'lhe, quoted lo producers, limitations renorled ht local dealers.) HIDES COWHtlJKM 6c. CALK SKINS 7-80 Mr ATS LAMB Spring lamb, lane, 20c. MUTTON 9c. 003180-50 lb. $10 10, P.

Oihkosh; good butchers. 210-240 Iba. 10 111; aowi 140-170 lbs. $9 53 DRESSED POitK 120 VEAL Live veal, 7 00-9 50, depending on quality and weight. DRESSED VEAL-MO-HO iba.

tancy. Un; 40-110 lbs. 11 80-90 lbs I0o: 70-80 Iba I0O. EGGS (Prlres quoted to producer by Oihknsh dealers.) EGGS 22-230. IIUTTKH (Prices quoted lo produrtri by local dealers) BUTTER 32-34C.

POULTRY (Head oft oulls not wanted HENS Heavy, 18c; lighter, 16c. GRAIN (Price quoted to producers bf Uvhkoah dealers.) SPRING WHEAT $1 35. WINTER CORN Old. $1 35. OATS 55-58C.

BARLEY $1 HA Baled at farm price paid) ALFALFA Ureen color, second cutting, leafy. $12 per ton: sound green, first cutting $10; alfalfa and timothy mixed $9 TIMOTHY OAT pet ton. BAtLEY STRAW $4 MARSH HAY No. I. green color, marsh feeding hay, $4 per ton; No, 2 marsh reeding nay $350 I All above orlces are (or th 1936 crop APPROVE ORALLY AIM FOR WAGE INCREASES Milwaukee Dr.

James J. Robinson, president of the WPA Office Workers' association, said last night Governor La Follette and Martin W. Torkelson, state WPA administrator, have approved orally the aim of the association to obtain pay increases for its members. He addressed a meeting which was attended by delegates from similar groups in Racine, Kenosha, Madison, Sheboygan and Waukesha, The newly formed association here is asking $15 a month raises for white collar WPA workers in the $70, $90 and $100 a month classifications. SEEK PERMISSION TO ABANDON LINES Madison UP) The Wisconsin-Michigan railroad applied to the public service commission today for permission to abandon its lines.

The railroad has fi2 miles of track from Bagley Junction, Marinette county, to Iron Mountain, and a branch line of 5.5 miles from Aragon Junction to Norway, Mich. It also operates over the Milwaukee Road tracks from Bagley Junction to Marinette, a distance of 8.5 miles. The commission said the railroad plans to abandon nil these operations and to discontinue its terminal at Menominee, Mich. The commission said It would fix a date for a hearing on the application. CAR LOADINGSDROP Washington IN) The Association of American Railroads reported 726,687 cars of revenue freight were loaded during the wei-k ending last Saturday.

This was a dfcrease of 34,422 cars, or 4.5 per cent, compared with the preceding week: an increase of 113.100 or 18.4 per cent, compared with a year ago, and an Increase of or 38.2 per cent, compared with two years ago. Government Bonds New Treasury 3V4S 43-45 104.19 Treaa 4s 44-54 109.22 Treaa 48-56 108.2 Treas 40-43 (June) 104.26 Treas 43-47 105.6 Treas 33,, 41-43 (March) 105. Treas 3V4S 41 105.4 Treaa 3 Us 44-46 104.16 Treaa 3U 46-49 103.8 Treaa 3a 46-48 102 17 Treas 49-53 96.31 FARM AND HOME LOAN BONDS Fed Farm Mtg 234 42-47 100.2 Fed Farm Mtg 3a '47 101.25 Fed Farm Mtg 3s '49 100.20 Home Owners Loan 3s A '52 100.15 Home Own Loan 2'lis '49 99.14 MARKETS AT A GLANCE NEW YORK W) STOCKS: Irregular; specialties higher in slow dealings. BONDS: Improved; treasuries up In light trade. CURB: Uneven; specialties do best.

FOREIGN EXCHANGE: Mixed; franc slumps as others lift. COTTON: Quiet; steady cables; trade demand. SUGAR: Improved; trade buying. COFFEE Steady; foreign buying. CHICAGO it WHEAT; Firm; commission house buying.

CORN: Higher; small corn stocks. CATTLE: Nominally steady. HOGS: Nominally steady. FOREIGN EXCHANGE New York. (P) The French franc yielded further ground today In foreign exchange dealings and banker a said the official control had apparently decided to permit It to "find Its own level." Following yesterday's severe break and partial recovery, the unit lost .011 of a cent today.

The pound sterling, on the other hand, added of a cent, Swiss francs were .01 of a cent higher, Netherlands guilders advanced .06 of a cent and the Canadian dollar was boosted 1-64 of a cent. In London the dollar was off 1 7-16 cents, closing at 4.90 to the pound. It finished In Paris at the equivalent of 4.484 cents to the franc against the New York overnight close of 4.498 cents. Closing rates follow. Great Britain In dolalrs: Great Britain demand 4.89V, cables 4.89V.

60-day bills 4.89!4; France demand 4.48',i; cables 4.48ya; Italy demand 5.26',: cables 5.26V... TREASURY REPORT Washington, April 10. (P) The position of the treasury on April 8: Receipts, expenditures, balance, 11,838.950.898.24. Customs receipts for the month, Receipts for the fiscal year (since July 1), expenditures, $5,753,373,516.69. Including of emergency expenditures; excess of expenditures.

$1,885,121,293.03. Gross debt, $34,824,690,040.63, a decrease $2,139,522.43 under the previous day. Gold assets. $11,598,510,978.43, including $367,264,448.40 of inactive gold. Chicago Chicago.

F) CASH WHEAT: No. 2 hard 1.44; No. 2 hard choice 146. CORN: No. 2 mixed 1.40; No.

3 mixed 1.382; No. 3 yellow 1.38-39'j; No. 3 yellow 1.361,4-37 No. 3 white 1.39-39ft: No. 4 white 1.38'2.

OATS: No. 1 white 56; No. 2 white No. 3 white 55; sample 54. SOYBEANS: No.

2 yellow 1.73ft; No-3 yellow 1.71. BARLEY; Feed 75-85; malting 1.00-1.27. TIMOTHY SEED: Per cwt 4.75-5.25; Clover, per cwt 28.00-34.00. CHICAGO GRAIN RANGE Chicago. iP) WHEAT High Low Close May 1.40H, 1 1.39",-!.

July 1.27',, 1.25U 1.265-4 Sept 1.22i4 1.211, 1.22ft-, CORN May (new) 1.31 129', 1.314- May (old) 1.28'? 1.28 1.28, July (new) l.22',t 1.203, 1 22i-i July (old) 1.211. Sept 1.12',a 1.11 1.12',s-ft OATS- Mav 50, July 471 .463, Sept MU RYE May 1.17, 1.14 1.17 JulV 1.09 1.06 1.09 BARLEY Mav .78 BOYuI. Mav 173 July 17 LAKu Mav 12 32 12.17 12.17-20 July 12 60 12 4 5 12.45 Sept 12 87 12.75 12 75 Oct 12.92 12.82 12.85 BELLIES May 122 July 16.60 CHICAGO LIVESTOCK Chicago. (X') (0. S.

Dept. of Agr.) HOGS: Receipts 5.000, Including 4,500 direct; market nominally steady, top 10.20 nominal; shippers took none; estimated holdover 500; compared with week ago: All classes and trade steady, CATTLE: Receipt 100; CALVES: 100; compared Friday last week: Very uneven market; choice and prime medium weight and weighty steers steady; comparable yearlings weak to 25 lower; medium to strictly good grade steers and yearlings 25-40 off. yearlings showing most decline; common grades weak to 25 lower, 9U0 lbs down kinds olf most, partly due to indifferent replacement market; largely shortfed light steer and yearling run; strictly prime steers absent; but top 1625; best light steers 15.50; long yearlings 14.65; lew above 13.50; largely 8.75-13.00 market; heifers sold 25-50 higher on specialty small killer trade; cows scarce, draggy, then active, steady; bulls strong; veal-erg lower, light kinds off most; liquidation grain stlned cattle featured general market; very few fed weighty steers above 14.50. SHEEP: Receipt 300; none direct; for week ending Friday 7,100 directs; compared Friday last week: Good and choice lambs mostly 15-25 lower, some lower grade offering! a much as 50 off; slaughter sheep 50 lower; week lamb top 12 00, paid for choice Colorado early, closing top 12 35 for choice lambs fed In nearby territory and sold to shipper Interests; bulk of weeks crop of Colorado-Nebraska vintage, most sales 11.25-12 50, with Colorado, prlnclpa'ly at 11.50 upward, closing bulk 12.15-12 25; clipped lambs 10 00-10 50; top 10 60 Tuewmy; wooled ewes S.25-650; top early 6.75; best shorn ewes 5 00. POTATOES: (U.

8. Dept. Agr.) Receipts. 87 cars; on track, 170; total U. 8.

shipments, 899; old stork ateady, supplies light, demand slow; cked per cwt Idaho Russet Burbanks, U. S. No. 1. 2.50-70; 15-lb sacks 2.75 ewt; Colorado Red McClures, U.

8. No. 1. few sales 2 70-95; Wisconsin Round Whites. U.

8. No. 1. 2 10; U. 8.

Commercial and unclassified few sales 190; North Dakota 0. 8. No. 1. and partly graded few sales 2 10; new stock weak: supplies liberal, demand slow; canot track sales, Texas Bllsi Triumphs, U.

8. No .1, 4 00 cwt.j U. 8, No. 2, few sales 3.10 ewt. CHICAGO PRODITK were firm today.

Poultry and butter were steady. Chicago UP)BUTTER; $.056, steady, prices unchanged. EOGS: firmer; extra firsts, local 23, cars 23; fresh graded flrsu local 22, car 22; current receipt 21; storage packed extra ator-age peeked first 24. CHEESE: About ateady and unchanged. POULTRY: Live, eight trurks; s'eady; hens over 5 lbs.

18-19: lbs and less CLEWS 2 col-24 point SATURD (By George W. Macllravy, of Henry Clews fe Co.) New York (Special i During the latter part of last week the general run of stocks gave un mistakable evidence that they were about ready and willing to emerge from the rut in which they had been enmeshed for the previous few weeks, but unfortunately just at the psychological moment the president's much discussed statement on the durable goods situation made its appearance, and since that time bullish enthusiasm hns evaporated to a 'large extent and it has not been a particularly difficult matter to de press quotations. As a matter of fact the ease with which prices have Deen declining is In striking contrast with the situation heretofore prevailing. Naturally there is considerable nervousness, due laritelv to the changing attitude of the administration on fundamental economic prin ciples. Attention is largely centered on the action of the bond market, more especially the fluctuations In U.

S. government securities, and while during the past few days support to the latter is being extended by government agencies, unless all signs fall It would not be surprising in the not distant future to have government bonds seek a lower level. ADMISSION IS SIGNIFICANT The admission by the secretary of the treasury that there was not enough money to hold prices to any particular point and his statement that only an orderly market would be attempted, has driven home the realization that the bond market will follow money rates plus the transfer of reserves from temporary investments into actual cash. Banking institutions are still en deavoring to lighten their heavy holdings aided and abetted by corporations which are now finding a use for their stored up cash reserves. Without In any way desiring to assume a critical attitude, lt must be admitted that the decline in government bonds has now gone much beyond the point at which the matter can be lightly dismissed by gov ernment authorities who are largely responsible for the unpleasant con dltlons now faced by banking lnstl tutions.

As every close student of finance knows, advancing commodity prices and business expansion usually re sult in a rise in Interest rates, go that under normal conditions a gradual decline In bond prices snouid have started over a year ago. but there were unusual influences at work. Governmental activities had saused a great exianMon of excess bank reserves and these of course kept money rates abnormally low long after they should have re ipondcd to the rise In commodity prices and the decided step up In business activity. SITUATION IS UNPLEASANT Referring once again to the dur able goods statement of the presi aeni, it has created a very unpieas ant situation and bears out the oft repeated assertion that It Is a dif ficult matter to make long ranee plans irom a stock market angle due to the inability to correctly gauge what Is coming out of Washington. While the efforts that are being made probably emanate from a desire to further strengthen our economic and social situation, they are upsetting and in some directions the president's suggestion that the durable goods industries ought to be slowed down because they are out running consumption goods, is be mg challenged.

In any event, it is to be recalled that only recently the chairman of the federal reserve board championed the cause of cheap money as a needed stimulus to the capital goons industries, and it does seem as ir the? real wpakness of the presi dent's position lies In the sunposl uon tnat by controlling production rising prices can be brought under control. tax rnonr.KM is vExisri From lime to time considerable olre has been laid on the vexing lax problem with whic most of us re faced, and It may be of Interest lo say that It estimated that nearly or approxl malrly one. fifth of the national In come during 19.17, will be absorbed by national, stale and local taxes. 1'hla compare with UVt per cent or iiimmmuxmi.ooo (tin national In rome of SSI.OiiO.OOO.lWO In the height or our prosperity In The low point of the depression was In im when the national income dropped to f.lO.KOO.OOO.OOO and at that time taxes absorbed 19 per rem or 7.50if,uou,ooo of the total This something to think about and strikingly drives home the fact AUTHORIZED TO BUILD ADDITIONAL FACILITIES Madison W) The Milwaukee city water department was authorized by the public service commission today to construct $130,080 Of fidditinnul farlli(i The plans call for a 16-inch main on in. now street irom West Vliet to West Uurlclgh street at a cost of a 24-inch main on N.

18th street from W. North avenue to W. Wright street for and relocation of a main on N. Teutonln avenue from W. Ruby avenue to Lincoln creek for For COMPLETE Markets and inancial News THE WALL STREET JOLRNAL Relied upon by business mfn and Investors everywhere.

Send for free sample, copy. II Broad St. Htw York (By Victor Eubank) New York (JP) A few specialties managed to crawl forward In today's stock market but the list js a whole was unable to get any place in particular. Although selling pressure was lacking in most instances, buying forces found little in the news to inspire a wide extension of commitments. Many commission house customers early adjourned to neutral territory as it was recalled the supreme court may hand down the long-awaited Wagner labor relations decision Monday.

TRENDS INDEFINITE At the same time speculative contingents seemed to feel better as the result of the White House denial of an imminent shift in the government's fiscal program. Closing trends were indefinite. Dealings were on the quiet side throughout. Transfers were around 550.000 shares. Stocks found no especial stimulation in the movement of bonds although most of these did better along with major commodities.

The French franc again tilted downward in terms of the dollar. REPUBLIC IS UP Up moderately the greater part of the session were Republic Steel, Acme Steel, Auburn, Oliver Farm, Pure Oil, Continental Oil. Texas Conic Fo V. Central. In ternational Paper Power preferred, Industrial Rayon, Trans-America and Celanese.

Tn thp harkffrnund. a few as much as several points, were U. S. Steel. General Motors, Chrysler, Briggs Deere, International Harvester, Douglas Aircraft, Standard Oil of N.

U. S. Rubber, Johns-Manville, K. C. Southern, Western Union, Southern Pacific, Illinois Central, Bethlehem Steel, Phelps Dodge, General Electric, American Can, du Pont, and Cerro de Pasco.

Weakness was shown by Coca-Cola and Westinghouse. FINAL GM REVIEW Chicago (U.R Scattered buying inspired by an upturn at Winnipeg found the local wheat market with few offerings on tap today and as a result prices rallied sharply. An early dip was erased and net gains of about a cent a bushel were substituted. At the close wheat was to 114 cents higher, May new corn was lh to 2 cents higher, ftiay Si.Jl-,4; oia coin was 174 'to 2 cents higher, May $1.28 Vi and oats were to cents higher, May 50 cents. The market opened lower in response to weakness at Liverpool but this selling dried up before the end of the first hour.

When prices turned upward later in the session shorts tried to cover and the u.t.. aavantc waa HLxt'ifiaicu. ing of July by leading local professional was a feature after the start. Speculators paid little attention to yesterday's government crop estimate, which was about in line with the average of private estimates. A revision in the Australian crop estimate affected Liverpool and the market closed -la to 'id lower.

This slump caused a reaction at Winnepcg but prices rallied cn buying by exporters. There was little precipitation in the wheat belt: according to the weather map. The weekly weather forcast is for light rain and temperatures above normal. Sales of 9.000 bushels of wheat were reported by shippers. Receipts were estimated at 16 cars.

Corn prices followed the trend wheat. At the opening, prices snowed iracuonai losses on veiling induced by a bearish interpretation of the government farm stock figures. Farm stocks were reported at 21,000,000 bushels above the avernRO of private estimates, but in jpite of this were the smallest cn record. WHOIESAIEPRICE INDEX New York u.k Dun 6. mad-gtrert's daily weighted price l.idex of 30 basic commodities, compiled for the United Press: (1930-1932 average 100): Today 155.S5.

Yesterday 155.27. Week ago 157.3. Month Bgo 150.27. Year ago markets closfrt. 1937 high (April 5) 153 2(1.

1937 low (Jan. BOM) MAKKET TODAY New York Bonds followed upward paths today as the market won support for U. S. government and domestic corporate obligations. Federal loans moved higher as a body with gains ranging to 5-32 of a point on the average.

Home owners loan 3s of 1952 stepped into prominence with a runup of nearly aa of a point. Industrial and railroad obligations furnished most of the Activity us utilities held even. New York Central Ss, Southern Railway 4s and Baltimore Sc Ohio 4 'is scored gains of half a point or so and St. Paul 5s of 1975 worked hiBhff. Of 4ie few foreign bonds traded, most edged higher.

because If excesses are being frown ed upon and sound procedure is being sought after in the recovery movement, disaster seldom occurs if one is prepared for it. CAUTION IS EXERCISED A goodly Dortlon of the winner that made its appearance In the maraet mis week was due to the unsatisfactory manner in whirh th. market received the news of the set tlement of the Chrysler strike. It had generally been anticipated that this would have been reflected In at least a temporary upturn, but Instead the market promptly declined on the annoiincprriAnt. an, this has added to the nervousness mat nas Deen noticeable for the last week or 10 days, thus making it an easy matter to bring about a setback.

There is a decider! sntrit lin In evidence and at least further irregularity is to be looked for until lt disappears. Another contributing unsettling factor is the be-ler In some quarters that deflation is not at all Improbable. TOO LATE TO CLASSIFY Kitchenkook and Coleman UASUUNE RANfiFS eomPet hn of both n. in- Prtment th 'ollwn n.Mon.Hy 'tfmL0n Washers. Detroit Oas Stovei.

R. q. a. Victor Nesco Oil Stove. Norgi and Ban tary Electric RrfrlReratoriT Aim SnS I ranVeTrlmen' Ued Seifeldt Furniture Co.

278 MAIN 8T. PHONE 818 For evening aDDolntmirif. PhM. u.a VTIO FOR RENT Modern ment Inqulra at 120 Pin. afreet.

Telephone 483S. "ww. FOR BALE Two automatic pay-out Pin ball 19 Melvin Mreet. "HU'r" KOR RENT Two nlc. light houe- ons or lWQ ou, or couple at 302 mqe flOOT.

roR RENT All modern two larg rooms, completely furnlahed for housekeeping, Inquire at 156 Peart WANTED POSITION Doing cleaning, FOB SALE Opt full et of tivrn equipment; reiuonftbl. Oran view flRUrRa aTTVaiTiNu SPRINO TEETH, dine harrowa, cultivator tenh and plow aharea aharp-ened. J. Mathwlg St Son. 333 Sixth, utreet.

LOST On. pair of Canadian geene, trayfd from 1737 Knapp atreet. Notify Al Pauiua at that addreaa. Reward. WANTED TO KENT Flv.

or elx-room houii. or flat, by reliable tenant. doea not have to be all modern; rent mint he reasonable. Phone 8362-J. rxm BALE Queen Anne dining aet.

aewlng machine, $1 50; cheat of three drawera; oak bed and aprlnga. 12.50; chlld'e spring coat; Ludwlg drum aet. FOR RENT Two connecting rooma. newly decorated, completely fur-nlahed for light housekeeping: light, gas. water and heat Included; alao large kitchen range for aaie.

Call 107 East Irvln atreet. FOR SALE Choice alfalfa hay. Theo. Reltst. Route No.

3, Ohoh, Wla. Phone 9S50-R3. FOR SALE 1935 Ford roadater; de-lux, model in excellent condition: can he bought reasonable. Call at 385 Nineteenth st.rert. FOR SALE OR RENT Four-room cottage with porch: located at Oakwood Beach.

Phone 57S after i p. m. or all day Sunday. FOR RENT Very dealrable newly decorated flat, three nice bedrooms, separate cellar, garage, heating plant and oil burner; prefer long-time J. Valentine Faber, 335 Merrltt FOR SALE OR TRADE Many bar-galna In homes, farms, taverns, business, lake and other property here and elsewhere; buying, selling or trading.

Call J. Valentine Faber, 335 ssnrrin leiepnone 333 Baby Chicks OOOD QUALITY IN8PECTED FLOCKS Low prices; also custom hatching- in turkey, duck, chicken eggs; cash wtm egs; no less than 100 taken. Incubators, brooders, supplies, feeds. NINTZEL'S HATCHERY 75Eat lrvlngBt. Phone 2053 "wool farmers Will pay highest prices for your wool.

Max Gonvitz, 040 Sixteenth Osh-losh. Phone 5584. NOTICE Or 8AI.F. IN CIRCUIT COURT, Winnebago Coun. ty, Wisconsin.

Mar Oraf, Plaintiff, versus T. O. Fischer, E. B. Nlchol.

Frank J. Brhroeder and Herbert Schroeder, as Schroeder Chlragn and Northwestern Railroad Money Corporation of Wisconsin, a Corporation, Jamea Waller, Banking Commission of th. State of Wisconsin, Statutory Receiver of th. Paine Thrift Bank of Ohkosh, Wisconsin, delinquent. Id Kuepper, and Dr.

J. Mitchell, Defendants. By virtu, ef a Judgment of Foreclosure and Sale mad. In th above entitled action on the first dsy of February, 1938, the undersigned Sheriff of Winnebago County, 8tat of Wisconsin, will sell, at public sale, at the North door of the Winnebago County Courthouse, at Oshkosh, Wisconsin, on th. 29th day of May, 1937, at 10 o'clock t.

m. ot that day, the real estate and mortgaged prem-le directed by euch Judgment Ut be sold, and therein described follows: Beginning at a point tn the center of the road 48 2-3 rod south of the Northeast corner of the Southwest Quarter of Section Eleven, Township is, North of Range 1 East; thenr. West at right angles with said road 48 rods: thence South and parallel with said road 33 rode; thence East 48 rod. to th center of Mid road; thence North along the center of th. roa'.

33 rods to th plan of beginning, containing M-I0th excepting th North SO feet throf, Winnebago Ciuoty. Wisconsin. Terms of tale: Cash. Dated April intn. 1937 Paul Heuhauer, Sheriff for Winnebago County; tawie C.

Mag. nuen. Attorney for Piamttft. pub. April 10-17-J4-Msy l-a-lf.

CHICAGO LIVESTOCK Chicago (U.R) Hog prices were steady in a very light cleanup trade today at the Chicago stockyards. Chicago took in 5,000 of the 7,250 hogs reported at the three markets. The top hog price was $10.20 and the average hog price around $9.90. Other markets were steady, East St. Louis on 1,000 and Pittsburgh on 1,250.

Cattle receipts in Chicago were 100 of the 725 reported at the three markets. The top veal price was steady at $9.50 and the average cattle price was around $5.65. The quotation on good to prime steers was and the average was around $15.10. Other markets were steady, East St. Louis on 400 and Pittsburgh on 225.

Sheep in Chicago totaled 300 of the 1,950 reported at the three markets. Chicago was steady and the lamb price was The average was around $12.10 on these kinds. Pittsburgh was strong on 150 and East St. Louis steady on 1,500, CUKB MARKET KEVIEW New York () The curb market presented an uneven front today, establishing further recoveries in some industrial groups and showing additional losses in the metals division. Wayne Pump, Carnation, Master Electric, Gulf Oil, Sherwin Williams and Arkansas Natural Gas were among the first hour gainers, adding fractions to around a point.

New Jersey Zinc gave up 1. Lake Shore Mines and Sunshine were offered fractionally under previous closings. American Cyna-mid and Mesabi Iron also lost a little ground. TEXAS OIL COMPANIES RAISE PAY OF 41,000 Houston, Tex. (P) One hundred thousand oil workers of the southwest divided their interest today between pay raises that soon may reach $15,000,000 and a labor movement to weld them Into a giant industrial union.

Two great oil firms, the Texas Company and Humble, led off with pay raises of about 10 per cent affecting 41,000 employes. Informed sources expected about 60,000 workers of other southwest companies to share in wage adjustments which will bring the total increase in this area to annually. Meantime the Committee for Industrial Organization pursued its campaign to organize workers extending its drive Into all corners of the oil production industry. In southern California the American Federation of Labor, bitter C. I.

O. foe, announced formation of a body to act as joint bargaining agent for its craft unions. In the southern California district there are about 35,000 oil industry workers. The C. I.

O. at the same time was sending its organizers into seven regions of the country, in its hope of having "the oil industry completely organized within a year," ANNOUNCE ADVANCES TO WISCONSIN BANKS Chicago M1) The Federal Home Loan Dank of Chicago announced yesterday advances to Wisconsin and Illinois savings, building and loan institutions in March increased 22 per cent compared with a year ago but declined 16 per cent compared with February this year. The total advance was $669,680. There were 392 borrowing associations at the close of the month. A.

R. Gardner, bank president, said Increased investments by the public associations since the first of the year account in part for the decline In use of bank funds in March compared with Fcbru ary. INCOME CLIMBS Milwaukee am Officials of the Fuller Manufacturing Company today announced net income of $86,000 In the first quarter of 1937. Earnings for the same period a year ago were $39,000. The company operates plant- In West Allis.

and Kalamazoo, Mich. March Industry Surges) Afresh Wilh Steel Near Record Business Activity: 120 II 1 THE TREND OF INDUSTRIAL ACTIVITY I Ir' MOIRAl I DMStftvi I LI index a I ys no too 0 lo to 21; Leghorn hens 17; colored fryers 26; Plymouth and wnu. hock hi; colored broilers 26; Whit Rock 26; Plymouth Rock 26: bareback 22; Leghorn 23; rooster 13; Leghorn rooster 12; turkey 20; torn It; No. 2 turkey 15; duck 4 lb up. whit and colored 18; small whit and colored IS; gees 12; capon, 7 lbs and tip 24.

less than 7 lbs, 23. Milwaukee No. a hard 142-4J. New York fA'i Industrial srllvlty surged forward afreh In March, reaching the fssteat par sine November of Automobile, production, as in January, was retarded br labor controversies but sieel output was tepped up to nesr record volume. The movement of freight aeeelerated and eotton mills hummed.

Electric power production continued Id, mount, and residential building grew increasingly- active with th approach of spring..