Oakland Tribune from Oakland, California • 54

ifl EVERYBODY'S BUSINESS EUSiNIESS. Notes on Bay Commerce Corn Advances In Steady, Grain Market Space Stocks Up in Lower, Heavy Market' By KD MORSE NEW YORK, May 25-rJrfV- agent freight and passenger fiance C. C. DeWitt executive vice president of East Bay Mortgage Service, an at Sacramento. Bonds' entered Santa Fe nounced the recent promotion of Vern Schafer and Jack Op- i-4 I I perman to vice presidents, and Al Kelley to assistant vice The stock market closed lower president of the company.

East Bay Mortgage has its main office in Oakland with branch offices in San Jose and By GIL MAYO CHICAGO, May 2S-W-The grain futures market mustered a steady to firm price range in the early afternoon today with corn leading the advance; Improved export business accounted for a good part of the rally but corn had been in good demand from the opening on reports that addi 54 OsUind Tribune, Wednesday, Miy 25, 1960 TODAY'S MIRROR Private Aircraft Fleet Growing By SAM DAWSON Sacramento: service in August, 1941, as a stenographer in the division freight office at Oakland. George T. Lundqulst, secretary and sales manager of Bay City Iron Works, Oakland, recently attended the third annual meeting of Chain Belt's distributor advisory board held at the Milwaukee Country Club. Cash awards for beneficial suggestions in the operation of the regional business office of the Agricultural Research Service, 1960 Addison presented at a general staff meeting of re tional heavy rainfall overnight Berkeley, and Miss Hazel Stewart, Oakland. Miss Lillian Maruis of Berkeley was honored for 20 years service.

The appointment of Edwin J. Kaphan, Redwood City, as division controller of Western Development Laboratories of Philco was announced in Palo Alto today. Appointment of Jack C. Hamilton as group underwriter has been announced by California Life Insurance Co. For the past 12 years, Hamilton has been the group underwriter for California Physicians Service, San Francisco.

The Hamiltons reside with their four children in Oakland. DIVIDENDS DECLARED METAL THEEMIT, 30 cents, paf June 13. record June 3. METAL A THER rf 87'i cents. Dif June 27, record June 17.

MORNING STAR PAISI.ET. 15 rents, pay June 15. record May 31. NAT LEAD. 75 cents, pay June 24, record June 8 PADDINGTON CP A.

35 cent, oat Julv 6. record June 20. SOU CARO G. 35 cents, pay July 1. record June 10.

in carts of the Midwest had further delayed planting work on farms. Wheat 'A-, rent bushel lower it thi close. July II NEW YORK, May 25 (3 Among the many other problems besetting the commercial airlines today you can now add the company plane as an up and coming competitor. -The Federal Aviation Agency calls business aircraft the "fastest growing fleet in the aviation industry." year is expected to be the first'in which business- rorn higher. JulT II.

II "4: oats unrhanied to 't higher. July Rye Inwer. Julv II 24, soybeans higher, July MVi-V. ELEVATED Alfrtd Bonis ar, 6rfl7, hai bn pro-motd to OHiitaht rxjlonal uprintndnt of tb East Bay Municipal Utility Dli-trld's aqueduct ction. will work out of EBMUD's Stockton office.

wag promoted after making the top score in a civil terrlce examination, out of a total of 40 applicant. today despite big gains by space age issues and selected stocks. Trading was heavy. Volume for the day was estimated at 3,400,000 shares compared with 3,240,000 yesterday. Gains oi 1 to half a dozen points were made by the favored issues while key stocks throughout the list showed gains or lisses running from fractions to about a point.

Polaroid hopped about 6 points and Universal Match more than 7. Motorola and Tejcas Instruments advanced more than 3 apiace. Up about 2 points were Zenith, General Telephone, Litton Industries, Air Reduction, Haveg and Curtiss-Wright, the latter after the resignation of Roy T. Hurley as chairman and president. Aircrafts recovered gradually from an early slump.

United Aircraft rose about a point and Republic Aviation around 2. GRAIN RANGE gional business manager Sid financial and in-. financial and in men and CHICAGO. Mav 35 Open High Low ney J. Adams.

Awards for length of service "CIS WHEAT Western Dept. to employees in the United July 1.85-M' Sept. 1.8.7', 1 V. 1 44 leg 1 1 2'a 197 1', 1M', 1.S7W4 in 1.9H'.,- 1 21 Dec, 1 93 Mar. IM'4 Stores Sales, CORN July I 1 2l'i 1 2P4 States Department of Agriculture were also presented.

Cash award recipients were Mrs. Barbara Lowen, Albany; Miss Isabelle Jean Howard, Sept. 1 20' 4- Va 1 20't 1 20 nee. 1.I3S 1 14V4 1.13', Mar. 1 1.171,.

1. 17 Earnings Up OATS Julv Sept, .721. .73 I. 20', II. T.

1.17S 1 24 124', J.2H.-'i First quarter sales of Dec. -'4 Mar. INVESTMENT FUNDS VEW YORK (Jfi National Association ot Securities Dealers. Inc. 668,069 were 5 per cent over RYE 1959, and earnings of $223,894 Julv 1 24' 4 1 24'4 1 23' Sept.

1 25-24'. 1 25'. 1 24'-1( 1 2J, 1.27 1 26', Bid Ask Bid Ask Bid Ask were 77 per cent greater than SOYBEANS do Bldg 6 14 6 74 doCaoGrth 6 57 7.21 114 Julv 2 13V. 14', 2.13i the same period last year, Western Department Stores Leroy C. Kennedy, manager of the international department for the California Spray-Chemical Richmond, announced the appointment of Peter Tucci of Richmond as manager of the export division within the international department.

Tucci has been with Cals-pray for over four years and was previously assistant to the manager, international department. The" position of manager of the export division is a new one and is the result of a reorganization within the international department for the purpose of better handling the increasing volume of Calspray's overseas sales in the 75 countries it now serves. Tucci's division will be engaged in the handling and development of these sales in areas not served by Calspray affiliated companies. The appointment of L. L.

Bonds as assistant general freight agent for the Santa Fe Railway at San Francisco, effective June 1, was announced today by L. C. Hudson, freight traffic manager. Bonds succeeds R. T.

Snook, who moves to Chicago as general freight agent. Other freight tf affic department staff changes include the appointment of R. T. Patterson to succeed Bonds as general agent at Portland, H. G.

Jones to succeed Patterson as assistant division freight agent at San Francisco; F. J. Rossi to succeed Jones as assistant industrial agent, San Francisco, and N. R. Piscitello, city freight agent, San Francisco, to succeed Rossi as traveling Aberdeen Fund 2.12 2 34 Affiliated Fund 7.18 7.77 Am Bus Sharea 4.06 4.33 Am Inv Fund 14.53 14 .53 Sept.

2 10', 2 11', i 10': do Paper 3 31 do Petrol 191 Mass Invest Tr 12.87 13.91 Mass Invst Gro 14 52 13.70 Mass Life Fd 20,70 22.38 MC-'i 2 2 09', Jan. 2 2 I.V. 2 1.1 announced in an interim re Am Mutual Fd 8 56 S.36 Mar 2 16', 2 2 16 12.39-13 54 do common 1190 13.03' do Fully Adm 8 99 9.85 do Indust Mch 6 64 7 28 do Mining S.65 6 .20, do Petrol 8 76 9.601 do RR Bond 2 11 2 33 do RR Eouip 5 64 6 19 LARD- iDmmS' Ul's JOS'. 2 l.V, 2.16 '4 $77 10 15 10 15 1020 port released today. CBA Names New President Delegates to the 69th annual convention, in the concluding session, of the California Bankers Association; meeting in Los Angeles, yesterday elected Joseph Rogers, of the First National Bank, San Jose, president of the group for the ensuing year.

Other officers included R. V. Arnold, First National Bank, Ontario, vice president, and John D. Boden, Wells Julv 7 9 77 9 67 Assoc Fd Trust 1.49 1.64 Atom Dev Mu 5 19 5.67 AxeHghlFdA 5.13 S.58 doB 8.26 8.98 do Stock Fund 3.79 4.14 'Our first quarter earnings Sept 1007 10.17 1007 Oct. 10 10 JO 20 10 10 Missiles Jets Nat-Wide Sec Nat Investors Sec Ser Bal do Div do pf Stock do Income do Stock do Growth last year were affected by do RR Stock 9 01 9 87 Nov.

10 20 10.2O 10.20 do Steel 8.90, 9.75 do Tobacco 7.71 8.45 Blue Ridge 11.11 12.08 Boston Fund 1.7 18.02 pre-opemng expenses ot our CASH GRAIN SUGAR FUTURES NEW YORK. May 2S MV-Domes-tie sugar future No. 6 closed 1 to 7 lower. July 3.87 Sept. 96-97.

World augar futures No. 4 closed unchanged to 1 higher Julv SOS; Sept. 3.14: Oct. 3 16, May 3 28tv Sept. 3.35b.

Raw augar spot 6 05. b-bid. Grow Ind Shrs 19 81 20.401 Broad St Inv 12.26 13.25 Fresno store, John J. Reilly 19.33 20 91 14 .12 15 26 10 24 11.19 3 75 4 10 7.66 6 37 5 83 6.37 7.74 8 46 8.83 9.63 12 44 13.45 10.53 11.4,1 11 49 11.60 8.52 9.24 13 68 13.82 7.73 8 30- 14.30 15.54 Harr.il Fd HC 7 4 92 6.37 Bullock Fund 12.30 13.48 CHICAGO. May 2.V-'Nn wheat, One Wm St do HDA 4.82 Calil Fund 6.67 7.27 dustrial executives spend as many hours in the air in company planes as they do in commerical airlines.

In 1950 company fleets logged 2,750,000 hours aloft, py last year this had increased to 6,000,000 hours. The commercial airlines are still far ahead in total hours and passengers carried. They Cater to many others beside businessmen and they have larger, faster planes and more frequent flights. TURBOPROP, JETS NEXT But a definite trend toward turboprop and jet planes is expected soon in corporate fleets. The FAA estimates there are 24,000 aircraft of U.S.

registry now and predicts there win be 40,000 or more by the end of this decade. The Utility Airplane Council of the Aerospace Industries Association of America believes that the steady gains made in the last 12 years by business aircraft will be accelerated this year. A favorable factor in the growth has been the safety record. The Flight Safety Foundation reports that latest fatality figures of business president of the corporation, stated. Philadelphia Canada Gen 12.81 13.85 oais or soybean aales.

Com No. 2 yellow I.S4: No. 3 vellow 1.20',-234; No. 4 yellow 1 23; sample grade yellow Pine St Fund Canad'nFund 13.98 17.29 Haydock Fund 24.92 24.92 Income Fd Boa 7.48 8.17 Incorp Income 9.11 9.96 do Investors 8.46 9.15 Pioneer Fund Century ShsTr 8.55 9.24 'After adjusting for that, Chase Fd Bos 14.10 15 41 Chemical Fd 11.11 12.01: Soybean oil Barley. Malting rholc 1.15-U$n; Price.

TR Gro Puritan Fund Putnam Geo Instit Found 10.35 11.32 this year's profits from operations are up 35 per cent." Colon'l Energy 11.78 21.85 Colonial Fund 10.10 11.04 Hawaiian Stocks feed 92-1 05n. LOCAL GRAIN Comwlth Incme 8.73 9.49 The report includes results Fargo Bank-American Trust dolnvestmnt 9.38 10.20 do Growth Fd 10.94 11.96 do Income Fd 6 89 6.89 Int Resources 4.94 5.40 Invest Co Am 9.94 10.88 Invest Tr Bos 11.10 12.131 Inv Research 12.21 13 27 Johnston Mu 12.64 12 64 Keystn Cs 1 24.19 25.24 Furnished by Dean Witter Bid Ask AC. Bid Ask GRAIN In carlota. per hulk do Stock Fd 13.36 18.73 San Francisco, treasurer from the Company's eight stores in Oakland, Portland, basil, b. tracks at San Francisco: No I western barley Concord Fund 13.80 14.92 Cona Invst Tr 17.50 19.00 Crown Inv-D 7.22 7.90 Delaware Fd 11.26 12.39 testing 45 pounds $2 10-2 IS Putnam Grth 13.11 14 23 Quart Dist 6.80 T.4.1 Scudder 18.21 18.21 do common 9.21 9.21 Select Am Shrs1 8.97 9.70 SharehldrsTr 11.06 12 09 State St Invst 35 06 37 Stein Fd 33.68 35.64 do Stock 27.98 27 98 Telev Elect Fd 8.03 8.75 Texas Fund 9.50 10.38 Twenty Grth 6.62 7.24 Unit Accum 12.22 13.24) Unit Cont Fund 6 95 7.60.

Tacoma, Sacramento, Fresno, No 2 western white bar do 2 21.30 23.23 doB 3 15.79 17.23 AmFact 23 24 Olaa 6 6 HawCSg 10 24 25 HawPlne 17H 18 C.Brewer 28 30 S.C.Mills 6 7'VHawBlec 554 57-'i EwaPnt 14'i 14J'4! Walalua 7'. 7J, MrBrySg 6V4 6 Cstle Cke 34H, 351-4 Oahu 20 4 23 lHaw Airln 5''i ley testing 45 pound 2.15 2 20 de Vegh Invst 15.53 15.69 de Vegh Mu 54.80 55.45 Medium malting types Nominal doB 4 9 51 10.38 FOREIGN EXCHANGE NEW May IS Foreign exchange rates (Great Britain and Australia in dollars, others in cents and decimals of a cent: Good and choice malting iDivers Cro Stic 9 89 10.841 and Concord. A ninth store, Rhodes Southgate, is now under construction in Sacramento. tynes Nominal do Invest Fd 8 59 9.41 Dividend Shr 2.86 3.14 No 1 hard white wheat 3 30 -3 35 No. I soft white wheat 3 32'j No.

2 yellow corn Dreyful Fund 14.43 15 68 do 1 8 85 9.66 do 2 14 70 16 04 do 1 18.62 20.32 do 2 11 13 12.38 do 3 13.22 14.42 do 4 13 02 14.21 Keystne Can 13 04 14.11 Knickerbocker 5 94 6 51 Unit Income 10.59 11.31 Storage Egg Futures 'California) 2.B5 -2 87'. EatoniH Bal 10.97 11.73 do Stock 11.74 12.55 Electronics Inv 7.47 8.16 No. 2 yellow corn May 25 ifi Egg fu CHICAGO tures: 'Central Western! 2 88 -2 91 Un.t Science Unit Canada Value Line Fd do Income Fd do Snl Sit Energy Fund 22 .12 22.1 i tree I WHOLESALE PRODUCE No. 2 yellow mllo Laxard Fund 13 12 15.87 Great ritain ipoundi TV? Fidelity Cap 13.66 14.85 Fidelity Cap 15 13 16 36 Sales High ose Lexington Tr 10 90 11.91 14.21 1553 14.80 1609 6.26 6 84 5 20 5.6 3 34 3.63 9.09 9 9.1 13.38 14.54 13 83 15.011 12.31 1331 12 57 13.74 WrnNEHDAT, MAT By Vnlte.it- Prew International (California) 1 25 -2 30 No. -ellow mtlo (Central Western 2 17 -2 21 Wash Mu Inv Life Ins Invest 16.45 17 98 37.15-20 F.I.F.

4.25 4.65! Founders Mu 10.54 11 46 do Stock Fund 5.98 6 51 37.70 FRt'lTS, AND VEOETABI.r.ft 371T 37 25 37.80 37 55 36 80 Sample grade red feedi Sept. Oat Nov. Dec. Jan. 667 179 67 46 30 Loomis Say 14 52 14.52 Fundamental 1 9.05 9 92 APPLtS Lartonn ana boxen, tray Wellington Eq Wellington Fd Whitehall Fd Winfied 37 25-30 37.75-65 37 55 36.60 38.05 37.80 3700 Gen Capital 17 04 18 52 packed, wrapped, Washington rlea De Manag Fd Elec 3 22 do Gen Indust 3.52 Group ScAv-E 9.13 10O0 licious, extra lanry, 80s.

wi 50, fiO-dav (utilres O-day futures Australia ipoundi Belbium ifranci France ilrano Germany (Western) 'deutache mark) Holland Iguilden Italy (lirai Portugal cescudo) Sweden I krone i APRICOTS Yolo County seedlings, medium. 23n2Sr lb. STRAWBERRIES 12 pint trav Prev. Opening Day Today Cinse 101.0156 101.32SL 2.8038 2 8040 2 8020 2 8020 2 800. 2 8006 2 7980 2.T997 2 24RO 2 24fi0 2.0060 2 0055 20 4025 20.4025 23M25 21.98 28 32.50 28 5225 .1819 .1619 3 51 3 51 19 34 1934 till 2320 1449 1449 122 122 .56 .58 802 802 39.99 29.99 17.69 1765 Monterey-Santa Cruz Counties.

planes show a rate of 0.7 per 3.25; Santa Clara County. oats Nominal MILLFEEDS; (Bulk, per ton, In car-lots 1 Standard millrun 45 00 Red wheat bran 47 00 Soybean meal, solvent tvpa wiih 44 protein, bulk, Decatur basis 49 no ALFALFA (Baled, per ton, In car lotsi delivered Petaluma: U.S. No. 1 32.50-33.50 U.S. No.

2 leafy 31 U.S. No. 1 30 00-31. 30 POULTRY MARKET Federal-State Market New, H.rylce 12 half-pint trsvs. BLACKBERRIES Fresno County few 13 AO YOUNGBERRIES Tulare County.

passenger miles compared with 2.7 for passen ger autos. NEW PILOTS PROBLEM M.non 2.75. CHERRIES Santa Clara County Switzerland tfranci i free I Denmark (krone! LATIN AMERICA Argentina (pesoi i free i Brazil Icruiefro) (free) Mexico (pesoi Venezuela (bolivar) FAR EAST Hong Kong dollar Tartarian, and few 14'a-row aire, 22fi23c lb San Joaquin County, 14- One problem looming is the row aire, 20t22e. Alameda County, Hings, 13 and 13' j-row aire, 35r. training of new pilots for busi A NT A LOUPES Tumbo crates Ranch Price Imperial Valley 3S.

$f) 00, 45s, Jfl SO'a Bess craft. At first there was no. PEACHES Paper cup pack. 1 layer BROILEHJ5 I to a large pool of military trained pilots, but this is now di lbs. 90 flats, Tulare Countv Springtime 4fls TREASURY POSITION 4s.

$2 0041.2 25; Kern County Robins. Ma. $2 25. WASHINGTON, minishing. An executive of the May 25 The the Treasury May cash position of National Business Aircraft As ONIONS 50 Oregon Red Globes, medium $2.

SO; Arizona Grano and Granex. medium and large, $1.75 20 compared with May 21, 1959: FRYERS 2U lbs. and over HENS light typ All weights 9 -li, Heavy type, all weight 22 Roasters tVt lba. and ovar 2S TURKEYS (Ready te conk. t2.0O; Blythe District Grano medium sociation suggests that one so lution may be found in on-the job training programs.

and large. Sl.85rt 1 90. POTATOES New stock. 100 lhs: Kern Countv Long Whiles 1A. Balance, $7,360,802,576.79 deposits fiscal year July 1.

(79,124.638.912.44 167.862.936.328.99: withdrawals fiscal year: $82,106,629,177.79: total debt $288,776,340,908.34 $285,354,253,713.84: gold assets, $19.352, 632, 438. 33-20. 530 58 includes $406,731,399.33 debt not subject to statutory limit. 25fl4 35: old stock Russets. Klamath District, U.S.

1, 6-14 nz. minimum fresh or frozen) Fryers, roastera Y.H. heavy type, all wU. Y.T. heavy tvpes.

18-22 lbs. 22-26 lbs 47-51 47-50 46- 49 'i, 47- 51 47-52 '4 The business plane is also flying farther afield. The 1950's saw a big increase in 8w4 't-F 4- 9. i -V S. vyt -I from cold storage.

50: Deschutes District, 1, 6-14 ot. $7 20-28 lba. ASPARAGUS Delia Dlslnct gieen 28 lbs. and over 49-52 (8 SQUABS The? spoctsjnflsjr Vasjssf Center Bwldlni syov bohres tbe irowta of West Coast business snt) industry. Its soarmj 2 stories contiMt mane novel features: I lar auditorium equipped tor motion pictures and closed-circuit television.

700-sett cafeteria, Oiredl Inward Dialing tni pusfe button mail distribution system. business air travel to Canada, graded unbunched 9-inch cut, laige $4 00414.25 Mexico and other Latin Amor CARROTS All California districts, ire-pack, 4-dozen bunches, $3 25'(t )ca-n lands, ine 1960s may s'ee increased trans-Atlantic 3 50. CAULIFLOWER Local crates Broccoli type, untiimmed. $1.751 S2. OO flights as U.S.

firms increase CORN Blythe District. Coachella their operations in Europe and Vallev and Arizona Yellow, 5 do 3.50i $3.75. Africa. Lt rut. t- Cartons.

Jls, Monterey and Santa Crut Counties. Corporations have been pay s.tr DAIRY PRODUCTS Market quotations furnished bv Federal-State Market Newa Service, San Francisco CHEESE Grade A sinjla daisies loaf. Nulaid Farmers Association quotations to retail trade. EGGS- Large AA. 37-41r: medium AA, 32-36c; small AA 2S-28C.

POTATO MARKET CHICAGO. May 35 11 lUSDAI Potatoes arrivals 77: on track 150; total U.S. shipments 778; old-supplie insufficient to quote: new supplv moderate: demand slow: market for long whites slightly weaker, for round reds weaker: California long whites 5.00-10: California round red 4 00-10; Ventura Countv, JI SQUASH- Tulare and- Fresno Coun turn ty, lugs Italian- 2. 73. Summer, ing anywhere from $7,500 to more than $1,000,000 for their $2 Yellnw Crookneck, $3 00 -TOMATOES 2-layer lugs.

Coarhelli Vallev 5xBs and larger. $2.5013.00 planes. If they turn more now Imperial Valley 6x8 and larger, fz.OO'fl! J.2V to the turboprop and jet planes the higher prices will dom CABBAGE Slightly weaker, supplv moderate, demand slow; all California districts, round type trimmed, $2,000 inate. craie. Arirona round reda 3.35-50.

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I 1 PEPPERS California Wonder type Bells, slightly weaker, supply moderate. fairly slow; Coachella ValleiTlarne. lSWlWTbi 13 Tulare County medium, 10c Rest, including fruits, generally SPOT.METALS NEW YORK. May JS "-TrrC NEW YORK, May 25V- Thfe New York Stock Ex change reported today these ferrous metal prices todav: Copper 33 cents a pound, Connecticut Vallev. Lead 12 cents a pound, New York.

Zinc 13 cents a pound. East St. Louis. Tin rents a pound. New York.

Foreign silver S1H cents per trnv ounce, New York. Quteksilver, 76-pound nask, $214, New York. BANK REPORTS odd lot transactions by princi pal dealers for May 24: pur TO VISIT THE NEW WEDNESDAY, MAY Oakland Clearings $14,400,000 Last Year tl3.800.00n chases of 336,354 shares, sales of ".327,913 shares including 2.134 shares sold short. Berkeley Dehits $5 010.000 F. Clearings $137,000,000 Los Angeles Debits $317,000,000 MITCHUM, JONES TEMPLETON OFFICES GROUND FLOOR, KAISER CENTER BUILDING, 300 LAKESIDE DRIVE -OA KLAN Thursday, May 26th from 10 a.m.

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