Joplin Globe from Joplin, Missouri • Page 6

Globe's Farm, Market and Financial News STOCKS STAGE RALLY, VOLUME EXPANDS TOtowg Three Straight Ralli Chalk Up DAILY QUOTATIONS AT JOPLIN STOCKYARDS Best Group Showing $NEW YORK, March 17 W-The market rallied vigorously today on expanded volume and turned a recession into a good net vain at the finish. i turn ahead followed three ftraight declines, a performance at many brokers regarded as a consolidation and prelude to an Advance. 4 In late afternoon the rally got (Underway, Motors with Chrysler in the lead started the ball rolling. Steels with Bethlehem out in front lined the procession. When the railroads joined the it really got going, and at He close the rails had chalked up best group showing.

Gains went to between 1 and 2 points while losses were restrained. Many oils were behind the market as were chemicals, distillers, land a long list of miscellaneous Issues. "The Associated Press average of fco stocks was up 40 cents at $115.80. it was down 30 cents yesterday. The part played by the carrier was shown by the increase Of 80 cents in the railroad compon- pnt of the average while the industrials gained 30 cents and the utilities advanced 10 cents.

The Milwaukee Road was the day's most active issue up at 4 It was followed by New York Central up at 24, American Foreign Power up at Chrysler up at U. S. Steel at and Southern Pacific jup at 42. Among other gainers were Santa Hogs: Ten to 25 cents higher top today bulk good to choice 190-250 pounds heav ier weights lighter weights stock pigs sows, 400 pounds and down, heavier sows stags $17.00 down. Cattle: Firm, top grade bulls unsteady; bulk good to choice steers good steers commercial to -low good to extra canner and cutter Fe, Baltimore sum, United Ohio, U.

S. Gyp- Homestake Mining (up American Woolen, Coca Cola, Bethlehem Steel, Youngstown Sheet Tube, Studebaker, United Aircraft, and Continental Motors. Lower were Gulf Oil, 20th Century-Fox, American Telephone American Smelting, General Elec- tee, American Can, Distillers Corp. choice heifers and mixed yearling: utility and commercia grades utility and commercial cows choice higher; cows low canners anc shelly kinds utility and commercial bulls with a few higher; canner and cutter bulls good to choice lightweight stock calves medium to good stock steers- heifers common stockers stock cows Calves: Steady, pressure on heavy calves; top veals good to choice vealers utility and commercial plain and common calves $7.0010.00: good to choice heavy calves medium and plain heavies Sheep: Firm; top lambs utility and good lambs cull to choice slaughter ewes buck lambs discounted $1. CHICAGO LIVESTOCK CHICAGO Ot (USDA)--Hogs strong to mostly 25 higher on butchers; sows scarce; active; fully 25 higher; some Up more; most choice 180-280 Ib 25.50-26.10; few loads choice No.

1 and No. 2 190-225 Ib 26.15-26.30; one load choice mostly No. 1 190 Ib at 26.40; most 290-330 Ib heavies 25.0025.50; 360 Ib and small 24.50-25.00; numbers up most 350-600 find Admiral Corp. Corporate bonds were steady. IT.

S. higher. Govenlment issues were sows in sizable lots 22.00-24.00; a few head choice under 75 Ib to 24.25; good clearance. Cattle calves 300; high choice and prime steers moderately active, treme top 50 mainly higher steady; at 32,25 ex- for LEAD AND ZINC MARKET Zinc--Zinc metal, 9.75 scents a pound, concentrates, $54 a ton. Lead--Concentrates, $159.05 a Jon; pig lead, 12.80 cents a pound.

BROILER QUOTATIONS MMkctmt Atmlnlitrmtlon Market In of and T.ctmolniy, Unlver- ilty ot Arkaniu Arkansas Broilers. LITTLE ROCK (ff) Northwest Virea: Market weak. Demand fair. iBroilers W. Batesville Floral area: Market iteady.

Demand fair. Broilers and Jryers 20. (All prices f.o.b. farm). and fryers 19-20.

Mostly PRODUCE QUOTATIONS Medium Unclassified Iv'o Grade Small, under 20 oz. Poultry. JTmvy Hens Hybrid Hen Leghorn Hens Roosters and Stag Heavy Springs 'hybrid Springs Leghorn Springs Geese Ducks Colored Ducks Old Guineas Hen Turkeys TounK Tom Turkeys Old Hen Turkeys lOld Tom Turkeys a load of high prime around 1,175 Ib weights; steers grading average choice and below slow, steady to 25 lower; heifers fairly active, steady; cows mostly steady except light weight canners and cutters weak to 25 lower; bulls active, strong to 25 higher; vealers steady; next highest price after 32.25 was 30.50 for two loads prime around Ib steers; other prime steers 28.00-30.00; higher choice to low prime 25.50-27.50; bulk good and choice steers 19 2524.50; several loads commercial steers 17.75-18.00; a load of prime 1,125 Ib heifers 25.25: most good and choice heifers 18.50-23.25; utility to low good grades 13.00-18.00; utility and commercial cows 12.0014.50; canners and cutters 10.0012.00; most utility and commercial bulls 14.50-17.00; commercial to choice vealers 15.00-27.00. Sheep slaughter lambs moderately active; steady to mostly 25 higher; slaughter sheep steady; few sales good and choice slaughter lambs 110 Ib down 23.5024.25; mostly choice and prime grade similar weights 24.50-25.50; utility to low good larnbs 19.0023.00; most cull 16.00-18.50; mostly good 103 Ib No. 2 skin shorn lambs 22.00; cull to choice slaughter ewes 6.00-10.50.

..18 ..12 ..16 ..10 ,.14 ,.31 .24 .24 ,.19 GRAIN QUOTATIONS following grain prices are being paid the Morris Grain ifcliy and Carthage: TCorn (yellow car) Corn te Bean 10 Parley Company of Webb 1.50 3 1 2.4 1.1 TOMORROW IS FRIDAY And That Means Salesday at the Joplin Stockyards Where the Seller the Buyer SALE TIMETABLE Merchandise--Machinery, 10a.m. Livestock sale--11 a. m. Dairy p. m.

(Order of sale in livestock: Hogs, sheep and goats, dairy and stock heifers, cows with calves, springer cows and milk cows.) I The only federally supervised auctions in the Four- I State district. A Word to the DAW a food time to thlftjk some re- ptaceBMnt before the buying ruth be- JOPLIN STOCKYARDS tiw KANSAS CITY LIVESTOCK KANSAS CITY Wl (USDA)-Cattle 1800; calves 400; curtailed midweek receipts stimulated demand for most slaughter classes and trade fairly active; generally steady to strong; stockers and feeders scrace in fresh unloads; load high choice and low prime medium weight Nebraska fed steers 24.50; few loads average to high choice steers 23.00-24.00; scattering good and choice 19.50-22.50, 3 loads choice Nebraska fed heifers 21.60; utility and commercial cows mainly 11.50-13.00; bulk canners and cutters 10.00-11.00: few light weight canners 8.00-9.50: vealer top 24.00; bulk good and choice killing calves 15.00-18.00. Hogs 1800; fairly active; barrows and gilts steady to 25 higher than Tuesday; bulk choice 180-250 3b 26.00-25; part load 215 Ib choice No. 1 26.35 to order buyer; few i 250-270 Ibs 25.50-26.00; weights over 270 Ibs and under 180 Ib scarce; sows steady to weak, most sales 22.75-23.50; few choice light weights 24.00. Sheep 1,000: a i killing classes generally steady; no spring lambs offered; good to prime trucked in wool slaughter lambs 22.00-23.50; 125 Ib shorn Arizona ewes No.

3 skins 9.75: cull to choice native wool slaughter ewes 8.00-9.75. KANSAS CITY GRAIN KANSAS CITY W) Wheat 62 cars; Vi-2 higher; No. 2 hard and dark hard 2.38%-2.43-3i; No. 3, 2.37 No. 2 red 2.33i4-2.35Vi; No.3, 2.32 i Corn, 35 cars; 94-1U higher; No.

2 white 1.66-1.73; No. 3, 1.59-1.72; No. 2 yellow mixed l.SSli-l.So; (3) 1.53. OATS, 3 cars: unchanged 1o higher; No. 2 white No.

3, 74-9314. Milo Maize, 2 Kafir, 2.66-2.68. Rye, 1.26-1.31. Barley, 1.10-1.30. Soybeans, 3.43-3.46^.

Bran, 49.50-50.00. Shorts, 53.00-53.50. GRAIN PRICES FIRM, LARD TO NEW HIGH Wheat Up to 1 Cent at the CloM --Soybeans Advance to CHICAGO, March 17 W-Grains firmed on the Board of Trade today while lard raced up into new seasonal high ground for the third straight session. Best gains in the grain list were recorded by soybeans, although wheat was quite strong at times. Corn was a laggard, but oats did quite well, particularly the March contract.

Dealings were active. Wheat closed to 1 cent higher, corn lower to higher, oats unchanged to higher, rye unchanged to higher, soybeans and lard 5 to 78 cents hundred pounds higher. One factor in wheat's- upturn, particularly the old crop months, vas a pick up in export flour business. In the new crop montns weather continued as the main stimulus. Vhile some moisture was foreseen the Texas Panhandle, no immediate break in the drought was expected in the main winter wheat area.

The weather bureau expected jlowing dust in parts of Kansas and Oklahoma. RANGE OF PRICES HIGH LOW WHEAT: Admiral Allied Allli Chal Am Am Rtd Am Am Tob Am Zinc Anacon Cop Armco Stetl Armour A'tchlaMn Atlas Pdr Avco Mf(t Bait Ohio Bendix Av Beech Alrc Beth Stl Boeing Iran Alrw Canad Pac Ches Ob Chrysler Cities Serf Coml Solv Cons Vultee Can ont Mot Cent Oil Curtlsi Wr oug Alrc Du Pont Eagle Pich Eastman Ko Empire El 14 Gen Elec 100 Gen Foodi Gen Mot C4U Gillette 49)4 Goodrich 87 loodyear 60 Grace WR 29 Gt Ko Rv Pf 49 Greyhound 134 Grace Co 51 Mar May Jiy Sep Dec CORN Mar Vlay Jiy Sep Dec OATS: tfar May Jiy Sep Dec RYE: VTar flay Jiy iep 2.30% 2.30 1 2.20% 2.23 2.27^ 1.53 1.55 1.57% 1.56% 1.48% 78 76'i 76 1.17% 1.21 1.24 1.26 SOYBEANS: tfar VTay ly ep 3.51 3.54% 3.52'i 2.77% 2.56 2.29% 2.28% 2.19% 2.21% 2.25% 1.52% 1.54% 1.57 1.56 1.48% 1.17 1.20 1.22% 1.25 3.52 3.50% 2.76 2.54 CLOSE 2.30 2.29%-% ulf Dil Here Pdr 11 Cent nt Nick: nt Paper nt Shoe nt Tel-Tel City Sou 43H Kan Pw ft 19H Cennecott Croger Co 4314 Lambert 22 Lib McK Igg A My -6314 2.22% 2.26%-% 1.52% 1.54%-% 1.57%-ii 1.36%-% 1.48% 76 117J4 1.20% 1.23%-% 1.25% 3.51-50% 3.53%-54 3.51%-52% 2.77-76% 2.54%-% East St. Louis Livestock. NATIONAL STOCKYARDS, torch 17 (0-(USDAi-- Hogs ctive; barrows and gilts 180 Ib ip strong to 15 higher; lighter veights, sows and boars steady; bulk choice 180-240 Ib 26.00-25; izable showing mostly under 220 at 26.25; one lot choice No. 1 26.35; most 230-250 Ib 25.75-26.10; scattering 260-300 Ib 25.00-65; in- luded load 298 Ib 25.25; short oad 317 Ib 24.40; choice 150-170 Ib 5.00-26.00; sows 400 Ib down main- 23.50-24.00; heavier sows 22.503.25; boars 17.00-20.50; good early clearance.

Cattle 3,0000, calves 900; steers nd heifers finding somewhat slow selling but at generally steady prices; average and high choice steers 23.00-25; these carry- ng small end of low prime; ma- iority good and choice steers 19.5022.50; commercial and good 17.0019.00; high choice 990 Ib heifers 22.00; good and choice heifers and mixed yearlings largely li.50-21.00; commercial and low good 15.0018.00; cows uneven but mostly steady; utility and commercial largely 12.00-14.00; canners and cutters 9 00-12 00; bulls and vealers unchanged; utility and commercial bulls 13.00;-1500; cutter bulls 10.5012.50; few prime vealers 29.00; good and choice 23.00-27.00; commercial and low good 16.00-22.00. Sheep 500; lambs active, steady to strong; bulk wooled lambs 25.0050; quality mostly choice and choice to prime; sales included 105 Ib at 25.50; load 109 Ib 25.00; several lots good and choice 24.50; few utility to good 21.50-24.00; laod good and choice mostly No. 1 skins 106 Ib 22 50; also 300-head lot good and choice lightweight No. 3 skins 22 50; aged sheep steady; slaughter ewes 4.00-6.00; aged bucks 5.00. Estimated receipts for tomorrow; Cattle 1.500, calves 800, hogs 8,000, sheep 500.

New York Cotton. NEW YORK, March 17 W-Coton futures closed 30 cents a bale ower to 5 cents higher in mixed rading today. The market showed arlier steadiness, with all de- iveries from July forward making new highs for the season, however, he demand was not broad and the market later sagged on profit tak- ng and hedging, with liquidation nearby May persistent. Showers were forecast over most dry Texas. The New York Coton Exchange service estimated 'ebruary cotton consumption at 65,000 bales against 678,000 in anuary and 766,000 in February a year ago.

These were all four veeks comparative periods. What Stocks Did. NEW YORK, March 17 (to- Wed Tues dvance 496 444 Declines 383 403 Unchanged 295 325 Ttotal Issues 1174 1182 'Jew 1953-54 highfe 36 42 1953-54 lows 5 8 Investing Companies. NEW YORK, March 17 W-Closing investing companies: Bid Asked CHICAGO PRODUCE CHICAGO Butter steady; receipts wholesale buying prices unchanged; 93 score AA 64.75; 92 A 65.5; 90 62.5; 89 59.25; cars 90 63; 89 60. Eggs steady; receipts wholesale buying prices unchanged; U.

S. large U. S. mediums 36.5; U. S.

standards 36.5; current receipts 36; checks and dirties 34.5. Affiliated Fd 5.12 Am Bus Shrs 4.15 Axe Houghton Fd A Axe Houghton Fd Axe Houghton Stk Bullock Fund Chemical Fund Dividend Shrs Fidelity Fund Fundamental Inv Gen Invest Tr Incorp Investors Manhat Bond Fd Mass Invest Tr Sec Ser-Income Sec Ser-Stock Putnam (G)Fd Selected Am' Sh Unit Accum Fd Income Fd Science Fd Unit Unit 9.79 19.15 3.08 24.76 24.76 1.96 18.50 20.63 5.82 11.01 7.95 21.21 4.85 5.44 19.34 13.95 6.58 13.08 6.31 5.54 4.43 10.58 20.82 3.37 27.15 27.13 2.15 20.00 22.61 6.33 11.90 8.71 22.93 5.30 5.95 20.91 15.08 7.15 14.22 6.90 Stocks in the Spotlight. NEW YORK, March 17 tfl -Sales, closing price and net change of the sixteen most active stocks today: Stp 44.100 Central 39,900 Am For Pw 32,500 Chrysler Steel South Pac Martin G. L. Cont Motors Gen Electric United Corp Checker Cab Pepsi-Cola Westing Elec Lockheed Airc North Am Av RKO Thea 27,000 19,400 19,000 14,600 14,400 42 14,300 13,800 13,000 12,800 12,700 12,100 11,900 11,900 5 NEW YORK STOCKS rumiilMd by 41 Os 77 16 163 14 41 'i 20 13 654 84 '4 344 62 60 59 110 19 40 16U Mon Otl St Cem 33 Martin GL 21V UcKeu 40 Mid Cant Pet Middle Ut 28 Minn N-M Mont Ward 33-i Motorola 36K Naib Kelr Nat Dairy Nat Distill 1 Central 24 Vi No Am Avia 27K No Amer Co Ohio Oil Pan Am A lOtt Paratn Plct 29 Penney JC Pa RR Pepsil Cola 16H Phelpi Old 34 Pblleo 32 Pet Plymouth Oil Pure Oil Radio Corp Rem Rand Repub Stl 51 Reyn Met 62 Safeway St St Jos 36 Scbenley Sears Roeb Shell Oil Sinclair on Socony Vac Sou Pic 20 58 91U 40 42 Spencer Chem 57H Sperry Eld Oil Cal Std Oil Ind Std Oil Stew Warn Studebaker Sunray Oil Swift A Co Texas Co 53 60 8071 2014 19 67 Tex Gulf SU Tide Wat As 22i Un Carbide 74 Un Pac Unit Air IJ Unit Fruit Rubber Steel Warn Br Pic Woolworth US 50 M.

31V4 CHICAGO POULTRY CHICAGO W-(USDA) Live wultry steady on. young stock; veak on hens; receipts 623 coops; o. b. paying prices unchanged 1 cent lower; heavy hens 26-31; ight hens 18-20; fryers or broilers 2-27; old roosters 16-18; ducklings one. IT.

LOUIS PKODUCE ST. LOUIS (St-- Produce and live wultry Fowl, heavy breeds 22-23, leg- orns and hybrids 16-18; fryers, Toilers, i a crosses, iarred rocks white 22-23. Other prices unchanged. JOPUN WOMAlt ELECTED TO OFFICE IN STATE HOSPITAL AUXILIARY $25.75 GIVEN WHEN ADVANCE WAS MADE Hogs Were Higher Wednesday 10 to 25 Cento at the jfoplln Trade at a Glance. Hogs: 10-25 cents higher; top $25.85.

Cattle: Steady. Calves: Firm: top $24. Sheep: Steady; $22.50 as top. hog market, 10 to 25 cents more, pushed the top yesterday at the Joplin stockyards up to $25.75 which was the general price on swine lots weighing 190 to 250 pourfds and grading good and choice. All buyers yesterday on the market the $25.75 including both shippers and local packers.

In- creas followed for heaver porkers and they marketed from $22.75 to $25.50 with the light grades from $22.50 to $25. Sows sold steady and their top of $22.50 was retained. Veal calves for Wednesday sold fully steady. Top was set at $24 again with the good to choice kinds from $19 to $23. Pressure was noted on heavy calves and the good to choice grades of heavies were adjusted to the price range of $15 to $18, showing a decline of one to two dollars for the week.

Lambs of $22.50 for another day. The steady sheep market had utility and good lambs quoted from $12 to $16. Slaughter ewes, cull to choice kinds, posted from $5 to $8. The midweek cattle market was called steady and reports from the alleys on Wednesday's buying rounds noted all classes on this trend. About the only change this week of any import was the weakness appearing on the best quality butcher bulls.

Here $14 remained as the extreme top but it was reported this price was not being given as freely as before. APPROXIMATE CLOSING DOW-JONES AVERAGES. (Furnished by Dempsey-Tegeler JOPLIN. Mo.) 30 Indust. 20 Rails.

15 fill. 298.31 101.69 55 74 Up .22 TJp .66 Up .06 The approximate volume of tradmK for Wednesday, March 17, was 1.740,000 chares. Mrs. Clarence Shaw of Joplin president of the Freeman hospita auxiliary, was elected vice presi dent for southwest Missouri of the newly organized Women's Hospita Auxiliary of the Missouri Hospita Association at a meeting held St. Louis, Tuesday.

Other area vice presidents elect ed are: Kansas City. Mrs. Thoma A. Peterson, St. Luke's hospital central Missouri, Mrs.

F. E. Kauff man. Boone county hospital, Co lumbia: northeast Missouri, Mrs F. E.

Kelly, St. Elizabeth hospital Hannibal; southeast Missouri Mrs. Elmer Kreyling. Perry county Memorial hospital, Perry ville; St. Louis, Mrs.

William Harrison, St. Louis Children's hos pital, St. Louis. Mrs. Hugh Morton, president the Women's Auxiliary of St John's hospital, Springfield, and Mrs.

Bert Eagleburger, presiden of the auxiliary at Burge hospita in Springfield were elected presi dent and secretary, respectively Treasurer is Mrs. O. P. J. Falk president of St.

Vincent's hospita auxiliary, St. Louis. The purpose of the state-wid auxiliary is to increase the effectiveness of all hospital auxiliarie by co-ordinating their activities banding together for service b. bringing to hospitals information on activities in other areas to help provide better service to all pa tients in all hospitals. CARTERV1LLE TOWNSEND CLUB IS ENTERTAINED CARTERVTLLE, March 17 --The Townsend Club met last night in the Rebekah lodge hall for a short business session and program, which included an address by S.

A. Miskimins of Joplin, and dancing by pupils of Mrs. Betty McCormick's school of dance. The young people, who presented a variety of dances, were: Miss Donna McCormick in a spring toe dance; Misses Ann and Cherry Clovas, "Ballin' the Miss Joyce Watson, rhythm tap dance; Miss Dixie McDonald, vocal solo, "Doggie in the Miss Virginia Gaunt, Miss Watson, and Miss McCormick, an acrobatic joogie dance; Miss Ann Clovas in a twirling exhibition, and Miss McCormick, "Raggedy Ann" dance. People who live on farms make up about 15 per cent of the popula- ion of the United States and have about 5 per cent of U.

S. income. Many bears have a third eyelu which is transparent can be used like sunglasses for protection against glare. Everybody's talking about Our recently completed $2 million modernization program is the talk of the town! Everything's brand new from Lobby to Roof- all our 1501 guest rooms, dining rooms, function rooms! Only pur convenient-to-everything location, and our reasonable prices remain the same! Only Loop hotel with famous drive-in garage. Be sure to see the NEW Sherman--make your reservation now! WORLD fAMOUS MSTAUtANTS I I I i i -1 Cc i CO rJ extra years enrich its Great Bourbon flavor HICKORY CTUIfilT 66 PROOF ALSO AVAILABLE IN 1OO PROOF BOTTLED IN BOND OLD HICKORY DISTILLING CORPORATION PHI LA, PA, 6A--Joplln Globe.

Thursday, March 18, 1954. Remarkable Record. The popular name of "volunteer State" was given to Tennessee because of its remarkable record in furnishing volunteers In the Mexican war, according to the Encyclopedia Britannica. Husbands! Wives! Thouuodl of eouplM kSSWE after 40. try Oetttl V.W.U.

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slippery, saowy and wet roads. Givos greater mileage too! Wipes a wet road so dry you can light a match on itl COMPARE THE COST Safety Liner Tubeless NOW ONLY EXCHANOf PLUS TAX REG. FIRST GRADE TIRE AND TUBE ALSO LESS TRADMN, PLUS TAX Above Size for Chevrolet, Ford and Plymouth. Other 6izes Comparatively Low. I SET OF FOUR Fret Ctutomtr Parking in Rear BF.Goodrieh.