Oakland Tribune from Oakland, California • 22

EXCHANGE OF STOCK Flour Mill EVERYBODY'S BUSINESS FINANCE Stocks Mixed In Fairly 20 Oakland Tribune. Monday, Dec. 23, 1957 Bay Commerce I -r I TODAY'S MIRROR Late Christmas Rush Underway UPS March Wheat By EARL ATKROID CHICAGO Dec 23 Gram futures er i.gr.t rr.ixM dea.mgs or. trie Board of Trade tocav. Nearbv Marc, wr.eat got -orrre port on Bu-nrsj by aga.

sa.es of f.our f.o-r to a -loutr-weitera -nam taxery New crop wheat future- eased reflecting rrcst.y ar.d prospects for a crop I. 14 0 er to GRAIN RANGE 7r.e las' ADVANCEMENTS New iterif crppointotnti announced for the Schilling DiTision of McCormick and Co. in San Francisco are (from left) Ronald E. Irwin, Jack Sasiard. and Wayne G.

Dellinqer, grocery aiei manager. that Lorer.e Smith, owner v. 2 1 1 1 se-- n-, t. 1 v. 11 cj 1 iC C.

-c ft 4 I v-- r-i: 1 v- i 1 i t. i If in iiyH Hi Active Trade Br ED Morse NE'A" YORK Dvf 23 -T p-. t'cay La 1 t. fa. a C4'- a a 2 C-m- 2 5' 'j or.

Fr.ca A i' arx, -t pc on r.w Market Holiday NE'A' YORK Ec.c 2i A.e:..a."i and fire.gr. seer arc ccrrr.od.'v V.V--.-'iv Cr.r;s:-. a- Coa-t Stoc Ex rar Di-'. 'A' i rr. to- cf A.r lor.

a b-" apa- 2 000 0 Pr af' ac go-, "r.t ac of A. ar.d Dougla- were- a scat a eel" were f.rrr. to i.gr.t.y and Nor.ferro'a rr.eta.?. rur-r ihrr. were ar.d Good.

wer a p'. r'. wn.i.e Rub-: cropry-! a fract.or. Inter rfuor.a! dropped DO.r' R. H.

Macy Co. Net Income Up NEW YOPK 23 P. Ma today of S2. 303 000 equal to a share for tre 13 week noed Nov 2 P.tta.l -ale; in tr.e period totaled In tr.e corr.parat.v period nAA Qrt rorroanv r. of 000 and r.rorre of S2 180.000 -qua! hare Fo.

53 ended Nov. ffi totaled $455.279 000 an(J r. :CC0.T.e $7. 019. 000 or in the corr.oara- tive 1956 per.od sales 'if $410,020,000 and net S6 430 000 or $3 12 a share.

SPOT METALS VEW YORK. 1J "-Spot fr-o, rra! prlen roelav f.ODt' C. j-21 c-' i Co- v. l.n ent pc Ej" 92'i r.t? a DC- "4 f.a- I22- Vofk TRADE WINDS Textron Plans To Take Over Ohio Firm NEW vc Textron Fir.r: ClfAe- or 4 of of pa- :u.c i.r.i ec 3rd a r.r.e ar.4 "ardvar? e.ctr:a. a prodcii for :r.dutr:a; use arrcur.ted to $: for rr-.

Tr.txx-' 'rave beer approved bv r.e board of d. rector? of -i-c co- a-i a art rf Fsrrer A ha? oer. ar. Holders of a- of Far.r.-?: sa.rct.o-. tr.

Oakland Man Named Merrill Lynch Chief The appointment 0' M.chae'. McCarthy a managing partner of tr.e brokerage f.rm of Merrill Lynch. Pierce. Fen- a rf ri Rea-P r5 an. arfd Bear been an- nced bv o.rect.

Wintnrop partner of the Sm. S.r.ce tr." dea partner er of Cr.ar.e- In October. i9.5e. Smith has both di-re t.r.g and rr.a r.g partner McCarthy has a broad back ground in botn main store 'all Street He 1- a native of the Bay Area and became attached to the Safeway Stores in Oakland, 1933 the administrative offices here until 1935 wrier, he was transferred Los Angeies as office man-aer cf tr.e grocery f.rm jr. of tne company's metropolitan operations in t.nat vu.un.ty.

In 1956 he was elected a director of Merr.il Lyncn. P.erce Fenner and Bear.e w.th head-quarter in New York. DIVIDENDS DECLARED MIKII HANNIFIN. cenu. pay Dc 17, rcnrd Dec 3 QITBEC rOWIR.

JS certl. p-To 25 rwo-i Jan 15 StlBCRLING IllB. li certs, pa 21 record De lOd- erate quantities of peanut o.l from Africa. Argentina and India as a substitute for Amen- car soyoean and cottonseed More tnan one oil. ion fold- up metal squeezable tubes were manufactured in the US this yeai for a of product? i rom IOOIP.

DIM" TO lOOO -preaas. ays the Collapsible Tube Mfg Assn OOO camera keep families togetr.cr despite tr.e mi.es that separate them By pictures back home, according to Mark Luiinsky. vice president of Standaid Camera Corp ooo Tne gas appliance a--o. pred.ct- an men Kit. nen and a r.

I and model n.ra' 0 investor buy good stocks on price dips becau-e these usually move up f.rst wiien conditions better. ooo by Canadian company- this year will total $723,000,000. to set a record hie per cent bove last ea: -'ates R. Tunmins A Co 1 1 1 Savings Notes on Tnree new appoint.m.er.t! have been ar.r-ounced at me Scn.l-.ir.g Divii.on of McCorm.ck San -by Crampton. general manager.

Tr.e ar.d coffee house r.as named Wayne G. Dellin-ger sales manager for its grocery product. Donald E. Irwin was appo.r.ted assistant 5ale manager of the f.rm. and Jack Saard Mas named manager cf the advert.

and department. Dellmger moves to take over n.s new d-ties from Los Ar.Eele wr.er1 he served a- Scr.il regional sales manager for tr pait severa. vear Prev.ou-.- tr.e Minnesota and Montana d.v.sion- ar.d tr.e Urr.ar.a d.str.;t for He -oined Scn.ll.r.g ".923 salesman Irwin move up to r.ew post from h.s prev.ous as manager of the San sale- region. He ha-been w.tr. Schilling s.nce during wh.cn t.me he ha-strved a- sa-man.

manager of the Sacramento and Qa-land d. and a San Dr. a 1 manager. In 1953 r.e -a a- named reg.ona! sales manager for San Fran- baiiaud movei tne ad-; 1 ar.c a.es promotion rr.ar.agecsh.? from his previous st ai a manager for Company. H- .940.

ana in 1950 v'a; a--stant director of adverting for the In 1552 he to tr.e 'ea depart- ment a director. and Bmoer. of Sen. are both 5 sen. or reft" me 1 a.

nd Sa-a: Twelve members of the East Bay Ir.du-tna. Manasement Cub who have certificates from tne cuscriai Club for e-k uo.k comp.et.r. rr-r-W 5 10- j.rr.p.tt.cavon course Le-ter A.ferr.e-- Barber, E. H.r.i-;:r.-e-n. Charles Jo- Lr.i.

Dav.d Liedhclm. P. rr-d S- -1 r. Shreev and Smith Tr.e was ur.dr the leadership of Rue Sims of Standard Reg.ster Co Bobert E. Plummer Plummer of Los Robert A.tos ha been appointed treasurer for the Southern Pacific Railroad's operaior.s in six western D.

J. Rus-ell. SP pres dtr.t. ha- anrounccd. Now assistant to the president.

Plummer w.ll taKe over hi- new duties at the of th' ar He Iicceeris James A nr. '1 rot.ro 11,., "11 5Q 'r. th railroad Plummer f.vreri the a 1 oad field when he went to work for the El and boutnwestern Railroad after militarv -erviee World War I. Tne was acquired bv the Southern Pacific in 1924 He b- born in New York and was graduated from New York University. Plummer has oef to the controller, as.s.stan' 'o the vice president charge of nance, ton'roil-er and assistant vice president in tnarge of f.r.arHe-.

Matter T. Rodman of Bur- linfarr.e. livestock superintend- ent of the Cow Palace and the B(H0-1 crTi COMtNf 1 i I A perl.ng 404 ItiK leoi.rg agent, ic Lett RTff -reel." co liars v. or caniv a cat.j'.or-.' if our r.c rr' d-r ThT tr.ct: INCREASED SALES t-. i.

ta. rorrow 'oUii store ab' -'-a-or. -1 Th a 6 ar' Ci. r.r.g r.f- rtDovr- f. rete-sion St'-prien Sr.n-r.fr.

'-xecvitivp dire-ctor of Greet. r.g Card Association, tnat 200.000 000 rr.f..-e-Crrtmas cards, made by -orr 3 jO are sent th. year tr.an last S.nce are ai lawing around .10 5 a card, total retail ao'l-ir of tr.e nearly 2 W) to'al of card- com-to $20 000 000 -orrpd. -d ip 1 95b An ex'ra $70WXi0O0 will be pent tnerr DtCORATIVE LIGHTING M-kers of decorative a sales are 10 per rent ahead this vear and should come to $116,000,000. Albert V.

Sa-dacca executive head of the Gloi.te Corp of Chicago ay the increa-" ir to growing of outdoor illuminated and to -Aide- of pre-tf r-d j-e rovl''. a- add. t. or. b.g famiiv re Roy of Haivoror.

Tref-s ir.i M.r.r a vogje foi pa-- color. r.g and irr.n-(ng- and al-o more of n-iiniatuie lights in Hid-, or d-coialion. A 12 p'-r cent ordeimg lower i by i3 e-tima'ed Booe-tr. general the Floi -i-t- Tfi'firtph Del.vnv He tola; dollar volume fo: the ntm.entai hol.dav sea-or. t.n t.i.g with Thankg.vir.R and tnrougn N'-w Year- shoula teach 000 tn: vea: a oiiPt.

for a 1 per r.t of total anr.ua MOKE CATALOGUES Seaboard U'e-terr A.rl.r.e r.poit- r. iOOO of South Cr.r.-tma- -r 'o Nr YV." lowe store- or hou mcrea-ed ata.O-.,e IlO( i. its 418 pair a rrrt of -ea en. Sar 7 500.000 of Cr. book a 000 000 liars.

I oi oi 250 000. at.d Store 4. 3 1 100 00" Util la YO! i arj a p. U( op e. v.

arid 'o to cha: fce 100 0uo Odd Lot Transactiorn Y'OKK 'j, N. Yr Ex- i end lot t.a' r. pal a for er ot 255 har. Of 250 934 i 2.303 vfiaFCs snO i fr Grand Nat.or.a. Livestock Ex- po.t.ori.

ha: been named firif m.ar.afc'r tne caniornia dwi created by the 1957 0,, t'A 7, 1 1' CV. I I'-tf A 1 William F. Reichel William Reichel. Oakland ma-. ha? been rtal In- Compar.t.

sold medal 0f rnorf than 25 ei -ec. the firm. To- was made Ptr.r.ey. manager Cikla-d me'ropohtan of the v. a ccn.panied a c- mm'-ndalion Hera, president r.c rear.

the lompany lr.surar.ee Co. cvmpany of the car. I ore 1 a Grop. Service pins will be pre- to 20 emp ovee of the r. OaKiand California Towel Companv tomorrow at the Q-o oo.u c.

fj.ci... at oi Brooke Petra. president. auia I Hoover, vice mane the pres- ero'ior- Those tec-iving 25 -vear award- and Velma Muhoberac. bom of Oakland Fiftc-en-year pm will go to Frances Bau'-r and Johanna Maddy.

also of Oakland Two will receive 10-year pins, five veil! be honored for five years and nine will re ceive two-year pin. The firm operates nine plan'-- between Sac: amento and Pasadena dealing in linen rental -erviie-. the Oakland companv being tne parent in Oakland California Towel Company na been in business for ovr 50 (ar. Peter Gordon Hart and Nor- man Strehi. Oakland CPAs.

have been elected members of the American Institute of Public Accountants. Air freight facilities of The Fhmg Ticer Line at San Francisco Internationa! Airport have been tripled under an expansion, program row hearing completion. George Zettier. district sales manager. announced The incina improvement.

Ztttier said, is a new warehouse which will piovide a total rf 12.000 square feet ot space, compared to the pre- viotr facility of 4.001) square feet Zettier sal the airline was tpe.tdmg excess of Stifl.OOO on the procram a-- a re.siilt of ereatlv increased traffic in the few years. Robert D. Eraser, president of the Al'oert-Lovett Company of Berkeley today announced ADDRtll J. H'A 1 st4 i 11' 7, WM lit i-v-wv 5215- 'in i 1 News Briefs in Business World r.eu -BAlill CASH GRAIN v- 4 r.n:-: M4 i a U.S. GRAIN VISIBLE CHICAGO D-- T- i zz -A-f: t- c.i.co B-d -f Z'hC rtr.r-:r Cor- 4 vi to Ct irv-a S.

'-on --j 34 LOCAL GRAIN GRAIN -In carlotj sr rt bj. b'; trac" Sar F-anotco 2 WfVm Barir ''-r- 44 oo S3 a -4j So B-- -f 4 rv-i-jrJf 2 27'i-2 I Bnar: Wer- Mar-ct ttt-. 4 no 2 20 -2 Sj tyo 2 40 -J 54 Good and Choic Ualiisg ryp 2 94 -2 IS I Hs. a v. 3 N- I Soft Wr.

te Wh.it 2 85 -3 3T'i Oog Wna! 170 4M No. 1 Teliow Com CiH- 2-2-J-1-3 No I Yftlow Com lCn- tral Weterr. 2 S3 -JS No. 2 YeUow Vltio CU- tor- 2 4i -2 59 No 2 Iterw iC- i- 2 41 50 Sa--! Grade Ff-i Tfi (Bifftd per ton. In rVa hpar r-iii- I MI 50-42 46 50-47 90 POULTRY AND GAME Ma-k-t Ww Servic Pre eric to re-No.

1 Hiier BPOIUEKS- 1 rRYEfis- I 2 h-d o-. tr iCAPOVETTtS 4'-2 Id- a ever HENS. Iint typr weights KENS hetvy trp 22-23 13 27-27 12-14 33- 37 34- 3 All 23-2S 'Fre-fi or (ro-tn htl- tvp a': 44-4 YT rtivj fpe. 24-26 ls 3-? ah s--sj bs 12 Di and oici pr doz li DAIRY PRODUCTS Market quotation funuint fed. e-j.

-State Market Nwi Service. Sao a unfit twi. ec.gs a ji-S4c: rr A il.s?.- A s-4e 4....... to r- id a EGGS-Li ce AA VS-tc larfe A 46-4c Y. COTTON MARKET COTTON NEW YORK Dec 23- -el 9: a ba.e lowr s.

p- Tha- ir.e Drfvio'u- 2 19-20 3 2 35 97 34 IS 4 'A '4 .4 4Jn 24 4 4 Storage Egg Futures CHICAGO De, 1 iuTTT 23- H.j' r7- Ja-Sf pi Oct 7-7T B72 le 4- 3 95 JS t-V-4 41 10-4 i 41 Si 41 41 40-41 ONION FUTURES CHK 23 luuc i 4i I 54 0f the Parkside Beauty Shop Rifhmond. bS? leased space for an ultra modern beautv hop in Building A of the new El Cerrito Shopping Center. Maj. Gordon J. Donovan ha bt-en named thief of tne operations branch of the Bay Area Army Transportation Terminal Lenu equ.pmeni arvision at rort uonovan ii-ves at the Oakland Army Ter minal.

Fibreboard Paper Products Corp. has announced sale of the asset of 'its wholly owned subsidiary Fibreboard Prod-jucts (Eastern DiViaionl, to the Penn-Mar Container Corp. The assets include two paperhoard r-onv rtirfg plants at Philadelphia. and Bal timore. Md.

Travis F. Green Travis F. Green of 290 Lake Drive. Bcrkelev. has been named director of research for according to Parkman Say- ward, vice pre-.

dent of sales and 'raffic for P-I-E Green has been the com- party's Oakla m.onaiiCi fur In his nd a. strict ales the past nine new assignment. he will explore new busine-s which may developed ihi '-ueh in m.e'.hod of and equ.pment. Armstrong Rubber Nets $1.90 Per Share NEW YORK Dec 23 RuDbcr Co. today report, net income of to 90 a share, for the fiscal y-ar ended Sept.

30 Sales for the- period totaled S7ti. 137.429 The pi ect fiscal vear the companv had sales of 421 and ret income of 3. equal to $1 80 a share. JIMMY'S DREAM HAS WINGS but will hit dfom com frvtf Jimmy thtmt tonj foet. "Oft Wt Go into the Wild Blue Yonder Quito eppropnato of on oipiiinf jot pilot.

But Jimmy Uvea in a community v.here there's a oriout hortogo of ctonroomi. taoch-ort ami (ood tchoolbooki Not enough schooling for iuturo pilot. Lot boo that this doeon't hop- pon in our schools. You fan help by supporting our School Board, by attending PTA mooting and tchool conference. for ex ore infermetie wrtto tot liniR SCHOOit 1 1 40th Strool.

Now York le. N. Y. WE MUST HAVE FIRST-RATE SCHOOLS Pubh rri a a public irrwr It ooptnMloi llh Thr 1titrumf Council ewrf Me' iVfM irvjper Atltrnvig Externa ts Association ty77j Y' 4TI. SJt'fi hit i Cwl rr.a.; Doxes to course i aUo iate orders 4th Quarter Sag Hits Steel Mills ec tr, target o.t- e.y or- pro- -at a- -ore mar.

ar.d -a 'r at -l. Ket- arf- ar.t.rtpa'.ed r.a.f of WJl c. -tee, ro-gn 0-month h.gr. tons. "Steel' r.e fif clumped a'oou a I 9 899 075 r.

-por'd Eu on'ri' of 1957 iOO 000 tor ton- under rh ar for tr." pr -O' r. tr.p b- ar 1 '-00 W'O ton- pro-'i. 19117, ar.d the 'bird b-t year or. rccd Beeau-e ef 'he ant.cipated -low fir-t half, tr.e prediction imo ou'pu- arounn 000 000 or no more than tr: under m. vear.

a'ri tr.e of deci.ne i exc-ed Pfr po.r'ed i b'- ia--d rapa- on Jar. 1 too Mi OOO.CIK) 7 0O0 00'' a ear ago RefieLt.nc tcr. abov of bars ar.d plates premiums Steel's" ar.thm.et.cal composite price on fin. -tee! last week diopped to $145 a tor. from $146 03.

The majazin -aid ea-v upn.v have a er marke" onlv three plate; 'A ard I. re pipe 12th District Appoints New Officials Federal r. Fran- Re -erve Bark has an- or t.oun, ed the follow. ng official apposntm-en'- effective Jan 1. 9: At tre bank head office Sar.

1 1 ai.o.si u- Edward Martens a- -t-an He has been as--o ted with the bank in va-: rapacities s.nce 1923. and ps to appointment wa of the Plan-g Department R.y Macit. ass-tan' i t' -aff 1W40 ha fceen as. to vera! department i pi. or to tr.i- appo.ntrner.t v.

a- head of 'he Trans.t De-pa: tn. Ci.ai.e- Wn.tw oith. He entered tr.e sei of tne bank specializ.r.g cied.t and count A' the of th.s appointment re ad of 'tie Adm.nistid-.vf Servnf Department At tre bar.K 1 Lo. Ar.gr I (i i ev (ar''r a 'a bra: ha been har.K's Los Angeles 1928. and prior is wa head Department i bank's Portland I ar.oi.

a Gumm. C.i.'i.:.. ttie At the time of I.e.'.' wa at tr.e oaiiK S' atlle rranm (j a ri i 1 pe a re latest aco ft nance r. a a ea: 'Ah 4 3 14 I 4 AM S4D 5 ri I 4 4. i.

I 77'' 14. te-' i i -1 1: 71. r. "-ii- By LOU SCHNEIDER NEW YORK Dec U3 Santa pean buyers are taking is opfr.r.-; his m.ai. and.

with a hearty and eye atwinkle. r.e know that vo.j:.'.f is a htt.e belter tr.an nad neep, expected 0 0 Cement makers predict a large -ales volume hard a-n tr. on accelerated r.ii: 'sv and hom.ebuiiding programs the summer. 0 Fc.irai Reserve's of tr.e ediscount rate rea-e the money supply for the 1958 mortgage d' cording to tne U.S Loan League ooo Irve-toi ali Kind- of se-ci. are by st.arp d- in n.atket value of a Gen-Motors Ford, and Chrys- Winds T' sav Euro- LIVESTOCK MARKET s.

saN FRANCIS. O. Dec uf (r rd ihd in- i a Si .1.. 2 i M'flr: ik 1 -rt fe- g'Htlfr S'n 3. 2 -ft d- I .1 2 1 MM it urit ar'r g' t- '4 -s do ,1 too fd Weekly Business Box Score (wMtn lata A Insured 7 Accounts- THE CAST BAY ntm, ollro tiodarn II atery lk)iurtipte, trttg.te,.y lo-ttee) In Iht Hub of Greater Dontown Oakland fully onVet w.iK odiactnt multi-ltvel tenant NEW ing it major weeK.

or. pared pi i 2 1 Ajto un Soft oa or-lw. Crudf oi. rA r.f irerrir.g 1 1'aper p-rvrjij r' VifX ft ste. (., t- Bl 1 1 'i no a 0 rjr, 1 fk.

Ise ft I -u Cj I'fp I. tt IM ii. tor. eeiupoiKy 1 951 INQUIRE NOW, Sireei. Ttmplebtr 6 2113 or ite our tanker 1 tanker, Olencourt 2 1931 troker Ceoperal.an Invitee).

POTATO MARKET r-iir. J49 Saturd -urtli )'? "t-x1-Frir dr- mjf -l arket (or rutPt 'if red dull r- lot trek -jWi 3T5-30 bilifri Vinnreot-i-N DkoU R-M 3 m-3 2fl FUTURES opk nr 7:1 esp i. nil ii N'. 4 if U- 3 7h M- I1 M.i 3 Iflh Jn 3 11. SUpl 31 R.

101.. ir.al, b-hlll A i ft OAKLAND ALAMIDA IIIKILEY SAN IIANDIO WALNUT CIIIK SAN FIANCISCO run wiST'iR luutmc corhcr urn mo iro'Owav guimg i i-LVJh If4 1 Krm.kaaAi.AA JSI a LA.A..AAAA.k.. a. a. A a.a.a..