The Miami News from Miami, Florida • 39

MIAMI DAILY NEWS, Thursday, April 1937 13C Hog Market Dow Jooe. New Service FINANCIAL BULLETINS Reduces Coffee Prices Chicago, April 11 Hogs were Report Emphasizes Investor Service Dow Jonri Newt Service about steady in opening sales of butchers under 240 pounds. Mix ed No. 2 and 3 grades, scaling packed coffee. The action follows the recent drop In cost of green coffee beans.

This is tha first cut by the leading chain since Jan. 17. Daw Jnnei New. Service New York, April 11 The Great Atlantic Pacific Tea Co. announced a cut of 2 to 4 cents a pound in price for its bagged eaVWBMMM MMJHirs MICHAEL J.

FRANCO 190 to 240 pounds, brought $17.75 to $18 and a few lots of No. 1 and 2, 200' to 220 pounds, $18.25. The nation wide Investment firm of Merrill Lynch, Pierce, 4 7TMf3ATTT fi: Get kjnRTGA I Fenner Beane had record total operating income but a slight dip In profits in the fiscal year end-d Feb. 28, J. J.

Dunne, manner of the Miami office at 160 fl Flagler St. announced here today. I 16-page report Ss signed "loans ett HAVANA WEST INDIES CALIW" Steel Scrap Prices Decline Chicago, April 11 Steel scrap prices eased further in Chicago in light dealings, A local mill reportedly paid $40 a ton for No. 1 heavy melting steel, $36 for No. 2 heavy melting and $42 for No.

1 dealer bundles. Florida May Be Brewery Site St. Louis, April 11 Anheuser-Busch, is planning acquisition or construction of a new brewery in the Southeastern portion of the United States, possibly in Florida. Bestwall Plans Stock Dividend New York, April 11 Rawson G. Lizars, president of Best-wall Gypsum predicted the company will declare a 3 per cent or 4 per cent stock dividend next month, Vertol Enters Commercial Field New-York, April 11 Vertol Aircraft Morton.

helicopter producer, made its formal entry into the commercial market. SPECIALIZING Franco Takes Over As Head Of Industrial -by Winthrop H. Smith, new directing partner. Smith became Jhcad of the firm following the death of Charles E. Merrill on Oct.

6. 1956. Total revenues of the firm. anywhere else you want to go. expense trips from 151.58 Mparts (J lilzi TOURS Sf 8 Phono i Yet ui WINTHROP H.

SMITH which now has 116 offices In the UH6-7201 S. and six foreign offices, 329 I Flagler Miami, Florida FR 9-0603 Michael J. Franco has been fose to $83,437,000 the year ended February, or per cent elected president of the Indus above the preceding year and almost double 1952. Smith com trial National Bank of Miami. He succeeds Leonard L.

Abess, evented "Our Increase in reven 7 DON'T ho retains the chairman post. OH, Steel Issues Lead List Down ues was despite a slow-down in the financial community as a A native of Philadelphia, Fran whole." 1 Profits Below Last Year Lane Bryant To Open 3 Stores co came to Miami in 1940 and joined the CPA firm of Abess, Morgan, Altemus Weinberg. He became assistant to Abess at the Industrial Savings Bank in 1948, and retained that post "After all expenses, Including rharitable deductions and esti when the bank was converted to New York, April 11 Lane Bryant, women's apparel chain, announced plans for opening three new stores. The chain will open a Boston store next fall, a unit in Panoroma City, in May and a store in White Plains, N. this summer.

IOW JONES 11 A.M. AVERAGE 30 Indus. 483. 1 national bank. He has been active in banking 20 Rfllls 147.09 (J- SWELTER THIS t.

SUMMER I if. you tfyiMWany.iM hid mJ tfrr -r nil 15 Utile. 71 29 -0 07 5 Stock! 170.63 and civic circles, having served Exchange Of Securities Ordered chairman of Group Four of mated federal Income taxes on Individual partners, final profits were $4,514,000 or exactly $41,000 iclow the previous year. riThe firm's net worth rose about 12, per cent to a new record of a figure which Smith described as "comfortably above" any requirements by reg-iilatory bodies of the 46 security and commodity exchanges of which the firm is a member. "During the fiscal year the firm N.

Y. STOCK TRANSACTIONS Todsv Wrt the Florida Bankers director of the FBA and president 10-11 810, 0U0 740,000 Dow Jnnrs News Berries of the Greater Miami Clearing New April 11. Sugars Assn. New York, April'll-FederaUudge Edward J. Dimock in New York has ordered Chemical Corn Exchange Bank to begin the exchange of bonds of Third Avenue Transit Corp.

for cash and securities of Fifth Avenue Coach Lines, tomorrow morning. were an exception to an oth He is a resident of Miami erwise easy market, with moder Shores, where he has been a member of the village council ate trading. A block of 2.500 handled 12 per cent of all public since 1949. shares of Lukens Steel traded at 77, off 2'A; and traded later round lot trading on the New York Stock Exchange, a slight Oil Inventories 'Comfortable9 at 76. Gulf Oil 128 off VA.

Dow Chem. 58 off W. Stude-Pack-ard 77i unch. Socony 57 off V. decline from the previous record per cent.

Public trading excludes transactions by specialists for their own account, other member trading and odd-lot deal New York, April 11 Oil men report the industry has worked into a comfortable inventory position after two years of bothersome surpluses. Beth Stl. 44 off Lukens 76 off 3. ers trading in round lots, Northern Pacific 41 V4 up V4. Reflecting Merrill Lynch'a tra Dividend Cut Boeing 49 A up V4.

Telephone ditional emphasis on the small Investor, the firm's percentage 177V off Radio 35V4 off V6. Dow Jones Newt Service New York, April 11 Fanner South Porto Rico Sugar 33 of all odd-lot trading reached up Cuban Amer. Sugar 23Vs to Mfg. Co. declared a dividend nf new high of 19.6 compared 18.7 In the previous year.

Livestock Receipts Dow Jones Newe, Service Chicago, April 11 Cattle receipts at the 12 major markets were 17,900 vs. 17,100 a week ago and 17,000 a year earlier. Receipts of hogs, including shipments direct to packers, were 65,400 vs. 53,106 and 86,883. up 1.

Amer. Sugar rig 123 up 1 and Allied Chem. 88 up V. Self-Analysis Story S.O.N.J. 58 unch.

Babcock 15 cents on the common, payable May 15 to stock of record May 1. Paid 20 'cents in previous Wilcox 43 up Vi. Royal Dutch 47 off Kennecott 116 oft Merrill Lynch is one of the very few Investment firms which makes a full financial report to its customers and the general 4MeiratMMWlbd Superior Oil 1,325 up 20. Anacon da 65V4 up nublic. Insrced DRIVE IfV' 7i cool COMFORT err.Y fresh -f :1 looking your best I.

with a j- new 1957 l- refrigerated 1 1 AW W. ll ZJLJ.iJLjL CONDITIONER 'ft-sm DASH MODEL i 1 mWBSk An unusual feature of the report is a complete description of a year-long "self analysis" just completed by the firm. Smith ex- I CHl-APER I THAN LllVVi c-Jfdriffii mm- wained the survey was unaer June 1 New Dividend Day Dividends at the rate of 3V4 ..7 1- kirrr I taken "simply because we want I iinrwwt ed, to. know how well we were fulfilling our foremost policy The interests of our customers must come first." As a result of the survey, the firm's policies have been mod per cent a year will be paid four times a year by the American Savings Building and Loan Association of Miami Beach, it was announced by Shepard Broad, ernized and in some cases restar ORIGINAL, GENUINE, EXCLUSIVE ADJUSTABLE STEEL SHELVING 75" High, 30" Wide, 9" Deep Beautiful Green Enamel ed, but in essence they remain unchanged, Smith said. In order to get additional "grass roots' sentiment, the firm 6uecifically asks its customers president.

Directors voted to move up interest payment dates one month and under this policy the next dividend will be paid June 1, Broad said. Payments in the future will be Sept. 1, Dec. 1, March 1 and June 1. The coming "Have You a Complaint?" and if tcK please write.

Smith pointed out this was an approach seldom used in annual reports. PLUS INSTALLATION Excise Tax Paid TRUNK MODEL ALSO AVAILABLE 1 -ieU June 1 will cover the four-month period from Jan. 1 to May 31, 1957. American is the first savings Local Rental 1 and loan institution in this area to nay interest quarterly. The Sold Systei ouarterlr payment formula ha been approved by both state and LARGER AVAILABLE All yew noad ii scrawdrivar la put that rugged adjustable itaal (helving units ta aver 100 uses.

Precision Tool Fabricated la all parti fit easily together. EXTRA SPECIAL OFFER! 12" 4ee unin, 75" High, If Wide. Cemplet with 4 Shelves, 4 Posts and Necessary rnc Nuts and Bolts per Shelf. if federal authorities, Broad said EXCLUSIVE FEATURES THAT ONLY MARK IV GIVES YOU! Factory trained servicemen from coast to coast. Over 800 authorized service centers.

Generous warranty covers both parts and' labor. Immediate "frostline Peak efficiency reached at 25 mph. Extra Shelf S1.8S eoh o.i. No Action Taken Deeper unite also available. Order several sections Today.

Phone FRanklin 1-1111 or FRanklin 1-0070 rum Dow Joari Mewi Bervtee TERMS AVAILABLE Kovt Vnrfc Anril 11 Windsor Industries, formerly conso liHatPd Textile direc tors took no action on a dividend on the common. Previous pay 41. Earl Smalley, president of Couture Rent A Car System, today confirmed a statement released from Chicago by Walter L. Jacobs, president of Hertz, that The Hertz Corporation has completed negotiations to acquire Couture Rent A Car System, a Florida car rental company operating in Latin America and islands of the Caribbean. "Hertz stock will be exchanged for stock of Couture.

Couture presently has approximately vehicles and assets in excess of $5,000,000. Earl Smalley, 35, will continue president of Couture, which will operate as a subsidiary of Hertz. ment was 10 cents in December, 1956, only distribution that yeaf Ideal storage anywhere in tha utility room and forage. Hera hi tha economical enswar ta all your affica storoga problems, pa- -pars, books, records, supplies. N.E.

20th St. Ctwi.y PHONE I 9-831 1 Merger Agreed To These rugged steel units will organize your parts, tools, supplies, end Easily adapted ta eny tora layout. For In. taresting display of ma dry goads, accessorial, etc. Wow Jones New Servieo New 'York.

April 11 The HOURS DAILY: 7 A.M. to 6 P.M. Boards of directors of Carrier SATURDAYS: 7 A.M. to 2 P.M. ORDER SEVERAL SECTIONS TODAYI STEEL SHELVING DIV.

U.S. STEEL EQUIPMENT CO. 550 N.W. 6th ST. DEPT.

MIAMI, FLA. FR 1131 or FR 1-0070 Corp. and Elliott Co. have ag SEE THE NEW 19S7 REFRIGERATED SEE THE NEW 19S7 REFRIGERATED SEE THE NEW 1957 REFRIGERATED reed on a merger, the two com panics announced. Ml AnKW MARK II U.

S. STEEL EQUIPMENT CO. 550 N.W. 6th STREET MIAMI, FLA. FR 1-1381 or FR 1-0070 Output Reduced $1.45 $7.71 $1.15 Jl.eO pr.

$1.00 pr. 30" Units 9 30" Extra Ih. .12 36" Units ..12 36" Extra Sh. Pr. 36" Bock Braces Sida Braces Plus i Stata Tax Dow Jonea wt Kervlre AUTO AIR CONDITIONER AT GOFF'S AUTOMOTIVI CENTER, INC.

1250 N.W. 36th St. Phono NE S-0J27 AUTO AIR CONDITIONER AT FINCHER MOTORS, INC. 1740 N.E. 2nd Ave.

Phono FR 3-I3S1 AUTO AIR CONDITIONER AT WILBUR'S AUTO SERVICI Stl S.W. Ith St. Phono FR 4-21 SS Boston, April 11 S. D. War Rates Raised Dow Jonee Km Service York, April 11 Bankers acceptance dealers raised their rates one-eighth of a percentage point across the board, effective immediately.

ren big maker of fine pa per, is slightly reducing opera' tions of its mills for what it be lieves to be a temporary period MIAMI MARKETS a few points. PrleM from Farmer to MIAMI EGO A.vn FOIXTRT MARKET The following Information Is supplied Inrth Florida State Marketing Bureau: Ketaiien: extra. large mostly large mostly Al; medium mofltly imall ECK1S: Dade County locally produced xnosuy 4J. EGG8 Florida produced Grada A Grade A carionea, maraei; umcij iy. Price! unchnnfted.

Offerinca fully mrtoned 4min. 60 percent Grade A Market barely ateady at unchanged pric Movement low to fair, fairly good at es. Undertone weak. Floor stocks of larpe fully adequate for needs. Mediums burdensome at one point and difficult to clear.

Demand for large and small llRht to fnlr, no demand for mediums. Prices to Retailers: large mostly 61; medium 4 8 mostly small KGGR: Bhipoed-In Grade A cartoned fmin. percent Grade Ai Market steady. Prices unchanged to Mi to one cent tva CtfBffclk Oca TTimo Caves Wane" f.ZEDO REPAlHS DOK2 110V MAY SAVE TIIOUSAKSS OF DOLLARS lower at one point. Receipts were of normal nature for Wednesday and added to moderate supplies, fully adequate for a fairly good distributive demand.

Prices to retailers: larjre white inofttiy larse mix ed mostly medium white .41 medium mixed mofltly 41: large loose white 47 Florida Produce By State Marketing Bureau FBl'IT MARKET FLORIDA PRODUCE: Grapefruit, fitd. 2.00-3.00; Limes. 4-5 bu. Persian, 7-l 7.50; Oranges. Sid.

Box 3.60 6.00; Papvas, lb. Watermelons mloiia lb. Strawberries, pt. Shipped into Florida: Avocadoe, flat. 6.00; Apples, box 4.00-10.50; Ba-mm.

lb. Cantaloupes, crts. iu.O-12.00: Coconuts, per 100 t.00-8 00; S.tiions std. box 3.50-6.25; Pears 8.25 7.75; Grapei flats 6.00 9.60; itieapelea, crts. 2.25.

vkgetable market FLORIDA PRODUCE: Beans, snnp bu. 2 00 4.00; Beans, pole bu. 4.00-6 50; times, bu. Kordhooks 4.50 5.50; Llmas, Oik baby Beets, bun. 1.25-fc0; Broccoli, Crts.

2.00-2.50! Cabbage, Bruce crts. 1.80 1.75; Cabbage, sacm, Cauliflower, crts. 1.25-2.25 crts. 2.00-2.60; Carrols, bu. 1.75-00; Collards, ds.

bun. 1.50-2.00; corn, oris. 1.50-3.75; Cucumbers bu. 2.00-5.6O; Kceplant, bu. 1.0O-1.60; Endive bu.

1.25- b.nnnmia h. 1 Lettuce lU mostly 46: larce loose mixed. mostly. 45: tried, white. 43; The longer you negfect that weatherbeoten paint job, leaky roof end faulty mea.

mixed, mostly. POULTRY LIVE MARKET: Tradinir active, receipts rnooerateiy neavy con sistlne of fryers, .21: canonette pullets which brought .30 at the farm. Few hunt-type hens purchased locally for .12. Supplies of all classes fully ample for neeas ana clearing satisfactorily under a fair to good demand. POULTRY Grade A ice-packed ready-to-couk poultry.

Market steady price-wise, unermgs ngni 10 moderate plumbing the worse they get. You don't. need ready cash' so why delay? While you're repaying a Florida FHA loan yon? family can enjoy a more livable, more valuable home. Low bank rates terms arranged to fit your budget. Come In for fall details.

and generally suaicient lor trade needs. Trading fair to good. Average sizes slightly below normal In a few Instances. liK trim 1.50-2.50; Mustard da bun, 1.50-iOO; Okra, bu. 4.00-8.50: Onions, dz.

bun. Prices to retailers: Fryers, all weights mostly hens (3-4 lbs.i Parsley dz. rcas. e-ng. few hens lover 4 lbs) 39; most BU.

ly, Dressed and drawn quck frozen IT. 8. Grade A or Grade A. Prices to retail peppers, ou. z.au r-oiaioea, uu iu.

eka. Radish, dr, bun. Spinach, bu. 1.25-2 50; Squash bu. 2.

onion; Tomatoes, 20 lb. lugs 2.00-8.25; Tomatoes, bu. crte. 2.00-4.00; Turnips dz. bun.

1.25-2.00. SHIPPED INTO FLORIDA: Cauliflower Crts. 3 25-3 50; carrots, crts. 3.00- ers: Hens (over 4 lbs mostly ducks mostly ca-ponettes mostly 53; fryers mostly 4.00 KOaOOomaD BcamC: Lettuce l. A ens.

iceuerg Okra. bu. 6.00-7.00; Ohions, 60 lb. 2.00-3.00; Potatoes, loo Ih. eks.

3.25-4.50; Potatoes. 80 lb. eks. i.BS-2.a.i; bu. 2.75: Potatoes bu.

Sninach. J.00-4.26. 1 ONi vF 24 BANKS IN TMI FIOIIOA NATIONAL OIOUP -r 9 bT J. TBJ Ulortonl ALFRED I. DUP0NT BLDG.

aft f.liami INSURANCE 'PROTECTION PIUS SERVICE" SINCE 192S MEMBER FICERAl DEPOSIT INJUIANCt C0IFOUT10N OTHER NEARBY FLORIDA NATIONAL GROUP BANKS: CORAL CABLES, BELLI GLADE, WEST PALM BEACH AND FT. PIIRCI.