Freeport Journal-Standard from Freeport, Illinois • Page 19

THURSDAY, APRIL 28,1938 THE FREEPORT JOURNAL-STANDARD PHONE 5 3IOO PACE NINETEEN MARKET REPORTS STOCKS WALL SMT IS TO UNCEASING FLOW OF BAD QUARTERLY STATEMENTS CLOUDS PICTURE New York, April loafed at lower levels In today's market. Occasional attempts were made at rallies after a morning relapse, but losses running to two or more points were widely distributed near the final hour. 'The ticker tape idled throughout, transfers being at the rate of about 400,000 shares. Hope for cooperation between government and business was a moderately buoying influence for some financial quarters, tout other Wall street contingents were none too certain the dove of peace would do any real flying In the near future. Many traders, brokers said, were disinclined to step out very far in any direction pending the president's forthcoming message to congress on monopolies.

It was felt the tone of the communication might have important market effect. Clouding the speculative and investment picture also was the unceasing flow of unsatisfactory earnings statements, in addition to numerous reduced and omitted dividends. Bonds and commodities were uneven and foreign markets afforded few trend clues. French francs weakened in terms of the dollar. On the drooping side the greater part of the day were TJ.

S. Steel, Bethlhem, General Motors, Chrysler, Western Union, Westinghouse, TJT S. Rubber, Montgomery Ward, J. I. Case, International Harvester, Standard Oil of New Jersey, Ken- necott.

Consolidated Edison. American Can, Du Pont. Eastman Kodak, Union Carbide and Johns- Closing Prices A Air Reduction-- 42 'i Alaska Juneau Allegheny Corpor Allied Chem and Dye-- 139 "Allied Stores-- 6'i Allis Chalmers Manuf-- 39 American Can American Car and Fdy-- 17 American Commercial Alco American and For Pow 3 American Locomotive 16 American and Met American Power and Lt American Rand and St S-- ilTS American Roller Mill-- American Smelt and Ret-- American Steel Fdrs 20fe American Tel and Tei 126 American Tobacco 69 J4 American Water Works-- 7 Anaconda 27-; Armour of Illinois Atchison and F-- Atlantic Refining-- 21 Aviation Corporation-- Baltimore and Ohio-- 5 Bamsdall Oil-- Bendix Aviation-- 11 Bethlehem Steel-- 46M: Boeing Airplane-- Borden Company-- 16' i Borg Warner-- 20 Briggs Manuf-- 18 Butld Manuf-- 4 Budd Wheel-- Calumet and Heckla-- 7 Canadian Pacific-- 6 4 Sase I Company Caterpillar Tractor-- 40 Celanese Corporation-- 13 Cent) de Pasco-- 34 "4 Certain Teed Prod-- Chesapeake and Ohio-- Chicago and North W-- i Chrysler Corporation 41 Colgate Palm Colum Gas and Elec-- 54 Commercial Credit-- Commercial Invest Trust-- 34 Commercial Solvents-- Commonwealth and South Consolidated Edison-- Consolidated Oil-- Container Corpor-- Continental Can-- Continental Oil Dela-jr-- 26', Com 62 Crown Wright re and Compan.v-- 38 anc Company pf-- 21 41 Ea nidji Ki-iJflk-- J47 Vo-a-K- and 8 2 c-- 2 1 Food's Motor 30 Safety Raror (-. Johns-Manvllle--64 Kenncott Copper--32 Kresge S--17 M. Kroger Grocery--14-H Libbey Glass--28 Loew's Mack Trucks--20 Macy Company--29 tt Marine Midland--5 Marshall Maytag Company--4H McKesson and Miami Mid Continent Minneapolis Missouri Kansas Texas Montgomery Ward--SO'-i Motor Wheel--10 Murray Nash Kelvinator--7Ts National National Cash National Dairy National National Power and Lt--6i National Newoprt New York North American North American Northern Ohio Otis Steel--8'i Owens Illinois Packard Motor--4 Paramount Pictures--T Park Utah Cons Penney Pennsylvania Phelps Philip Phillips Petrol--3374 Plymouth oil--18 Public Service J--27 Pullman--28 Pure Oil--10 Radio Corpor of Amer--5 4 Radio Keith Remington Rand--11 Reo Motor Car--2 Republic Reynolds Tobacco Schenley Distill--17 Sears Roebuck--56 Servel Simmons Co--17 Socony Southern Pacific--ll a Southern Ry--7 Sparks Sperry Corp--19 Stand Stand Oil Calif--29 Stand Oil Stand Oil Stone and Studebaker Superior Swift and Co--16 Tenn Texas Texas Gulf Tide Water A Timken Det TImken Roller Transamerica--9Tfe Tri Cont Twentieth Century Fox F--21 Union Carbide--84 Union United Air United United Corporation--2S United United Gas United States United States Wai worth Warner Brothers Western Union Teleg--20H Westlnghouse Air Br--20 4 Westinghouse El and White Motor--8 Wilson and Company--i Woolworth--42 Wrigley--66 Yellow Tnicfc and Coach--II 3 Youngsto-ATi Sheet and T--SO" 1 Zenith Zonile Total sales Prerjous Week ago--595540.

Year GOVERNMENT BONDS Closjnc government bonds- Trcas 45--3J4 HOLC 3s--J05? HOLC 2 PRODUCE MOST SHARES. PARTICULARLY SPECIALTIES. MOVE LOWER New York. April (If)-- Losses of fractions to a point or more, and of several points in some specialties. predominated in light Curb market trading toward the second hour.

Sherwin-Williams was down around a point and a half, and Niagara Hudson Power. Pittsburgh Plate Glass, American Cyanamid and Gulf Oil were slightly lower. Aluminum Company of America was up around a point, and Electric Bond and Share was about unchanged. Nehi Corporation was down two' points and Midvale down about six. Both are usually Inactive.

Closing -New York Curb Aluminum Company of Amer 72- Arkansas Natural Gas A 3 Blue Ridge Con pf-- 36 Sen-ice-- 10 '4 Electric Bond and Share-- Cord of Canada A-- 16 Gulf Oil-- Niagara-Hudson 6 5 i A I Chicago, April 28. MP)-- Wheat prices averaged slightly higher in Chicago today notwithstanding a transient minor setback to the lowest figure in four years. A somewhat stimulating factor was rapid reduction show nin the aggregate of uncompleted May- eon- tracts here. Latest figures indicated 1,734,000 bushels curtailment in 24 hours. Receipts were: Wheat, 47 cars; corn, 447, oats, 29.

At the close, Chicago wheat futures were unchanged to cent above yesterday's finish. May, 80 7 4 to 81; July 80H to com, 3 i cent off to cent up, May, to 58 Vi: July, 6(Ha; and oats at cent decline to 4 cent advance. GRAIN AND PRO VISION 8 Yesterday's High Low Close Close Wheat- May 81-H 80T-81 July 80'8-i-i Sept. 80'i Corn-May 584 58's-ii 3 July 6Qy, 60 60H Sept. 61H 61H 61'i 61'; Oats- May 28 27 27-S-2B July 27' 4 Sept.

27'i 274 Soy Beans- May 904 90'4 90'1 July 91 Oct. 87 Rye- May 59 59'; 59H July 57', 57'. 584 Lard- May 8-22 812 8.15 8.20 Bellies- March 10.35 10.42 CASH GRAIN Chicago. April 28 Wheat-I No. 2 hard.

87 No. 4 hard. 83- 'sample grade, hard. Corn-- No 2 59 "5 59'-- NO 1 yellow. 60: No.

2 i No. 3 yellow. No 4 yellow '56957: sample grade. 45-354'i Oats-- No. 1 mixed 29'-- No 1 i white.

No. 2 30V No I 3 29fi29; sampie grade 33 29. i BarJev-Frrrt. 55 malting 68 nominal I Timothy 2 50 -32 70 per cwt average: top. 835; bulk good and choice, 170 to 240 pounds.

8.1508.30; 250 to 300 pounds. 7.9008.15; 310 to 350 pounds, 7.75tT8.00; packing sows generally steady; bulk 1.100138: light weights on the butcher order to 7.50. Cattle--Receipts calves 1.500. good and choice steers and yearlings strong; Instance 10 to 15 cents higher; shippers and order buyiers again taking the crop: bulk steers around 9.50: numerous loads 8.50!99.15: common and medium irrades dull; steady to weak: most steers selling at 8.00 or 8.25 down; now 25 to 40 cents under season's high time; feeders scarce and steady; heifers steady but cows very dull and weak; cutters 3.75$' 5.25; bulls active and steady to strong at 6.50 down; few sausage offerings up to 6.65 and better; veal- ers 25 cents higher; light offerings 7.50U8.00; closely sorted at 5.00® 6.00; weighty vealers 9.00® 9.50. Sheep--Receipts, 14.000 including l.OOQ direct; late Wednesday fat lambs mostly steady; spots on clippers.

10 to 15 cents lower; top California springers 9.50; bulk 89 to 91 pounds 9.40; top wooled lambs 8.85; bulk 8 8.60; top clipped lambs, 7.85; bulk 7.75 downward; today's trade opening around 10 to 25 cents lower; good to choice wooled lambs 8.2558.40; clipped lambs 7.65 downward; choice load 7.75; sheep firm. LIVESTOCK ESTIMATES April estimated receipts of livestock for tomorrow: hogs, sheep. 12,000. Chicago Bendix Aviation--11'i Berghoff Brewery--74 Butler Brothers--6 Central 111 Pub Serv pf--5 Chicago Corporation--2 Chicago Corporation pf--29 Commonwealth Edison--23 Electric Household--3 Vi Llbby McNeill and Libby--7 Swift and Company--16H Swift Utah HIGHBROWS OF ILLINOIS HIOH SCHOOLS TO MEET Speech. Debate and Dramatic Students Compete at Champaign Champaign, April high school speech, debate and dramatic students from 72 high schools will vie Friday and Saturday to determine state champions.

The state's final speech tournament and dramatic festival has attracted 225 contestants, all survivors of elimination contests and festivals held In sub-districts earlier in the year. The- contest will be held en the University of Illinois campus. Preliminary Individual competition was scheduled for Friday morn- Ing, with a dramatis festival In the afternoon, evening and Saturday morning. The debate tournament will be Friday night and Saturday morning. The speech tournament and dramatic festival Is sponsored by the Illinois High School Speech league with A.

D. Huston, member of the university faculty and executive secretary of the league, In charge of arrangements. The Gov. Henry Horner trophy will be awarded Saturday to trie high school acquiring the most points. STERLING BEER IS RAIED 'S FINEST a sweet clover.

9.00S10DO per Chicago April 28--Butter--Reass 871 pounds: market 93woret. 2 (SO. 26; '80 to 91 score 1 f523 184 to 87s scon) dJirct: mwk-t score. 31 7 't3 25 i 34.44? cavs: mar 'arm. LIVE STOCK CJ.JCSRO ApnJ -'8 ifnu.edSi Department of AEraciiturtJ-- Hoes -1500 HISTORIC GALENA BUILDING SOUGHTJIYJENRY FORD Galena.

April is a possibility that Galena may lose one of its most historic buildings according to a statement made by W. coatsworth. It was revealed at that time that negotiations were being made for the sale of the original Grant Leather Tannery on Commerce atreet to Henry Ford for his museum in Dearborn, Mich. The building, now occupied by a cream buying station owned by- George Brandt, was built In 1858 by J. R.

Grant and his sons. Including U. S. Grant. It was real leather tannery and currying shop.

Mr. CoatsworUi has in his possession two legal documents which would occupy place of honor In any They arc the two leases for the buildings he now owns signed by J. R. Grant, father of U. S.

Grant and O. L. Grant. A brother of Gen. Grant, an attorney at Jnw Unfortunatoly both were in r.oofl of February.

and on the Ink Is badly faded The however, arc legible. VOTED ONE OK NINE MOST POPULAR BRANDS IN THE UNITED STATES PRODUCT CAREFULLY MADE UNDER LABORATORY FORMULAS Many Made At Freeport Plant. Which Has Yearly Output of 50,000 BarrelB Katlon-wlde recognition has been given a Freeport product as the result of a survey recently conducted by national magazine which has one of the largest circulations in the world, in which It Is announced that Sterling beer has been voted one of nine of the most popular brews in the United States. The survey covered reports made on 1,160 brands. This rating is the more important in view of the fact that, of the nine brands, four are those which have been prominent on the market for more t' a twice the length of time that Sterling products hnve been manufactured.

The Treeport plant of the Sterling concern is second In production to that of the parent brewery, which is located at Evansvillc, Ind. Since the Sterling company bought out the Fritz Brewing company, which built the plant now occupied by the Sidling company here, none of the Sterling product haa been placed on the markel until It had been aged not less than three months. The Sterling concern took possession of the Freeport plant lost July and since that time many Improvements have been made. No brew was placed on the market in this territory, except that made in the Fveeport brewery under laboratory formulas, which are the same as those used in the Evansvillc plant. Three salesmen within a 160-mile radius of Freeport supply Hie product to patrons in the s'tafa of Illinois, Iowa and Wisconsin.

Payroll Here $1,000 a Month The company contributes approximately $600 monthly In state and local taxes. The payroll here averages 11,000 monthly, and all employes are local men except the newly-appointed manager. R. P. Hager.

During the winter months an average of 25 employes are at work In the local plant and this number is doubled durlnf the spring and summer peak periods, extra working hour shifts being made necessary with the coining of summer. Storage capacity has been Increased from 40,000 to 50.000 cases, and new typo of bottling equipment now provides for the filling of 1,300 cases a day, as compared with a previous capacity of 400 daily. The product is now all handled by means of cither power or gravity conveyors, and hand-drawn means of moving the product within the plant has been eliminated. Three motor trucks serve this territory and local patrons direct from the plant. The annual output of the local brewery is 50.000 barrels.

The output of the Evansville. Indiana, plant exceeds 600.000 barrels a year. Executives of the Sterling company decided on the purchase of the local plant after a careful survey to determine shipping facilities, plant efficiency and beer consumption in this trade area, and are high In their praise of local co-operation and the spirit which has been manifested toward the firm since it has cast Its lot in the local field. uiid a House Find Competent Architect, See Him Before Buying Lot It to wlie lo make consulutton with the architect preltmhtary even nelchborhood hunllnr. By NEA Service An architect Is more than a fashioner of patterns for prospective home owners.

How much more than merely a pattern-maker the reliable architect is few people realize unless they have their own What should vuu expect from an architect of merit? State registration laws regulating the prnctlcc of the profession define as the architect's functions: planning good neighborhoods, planning good health, providing economy and safety In oonstruc'lon. and guarding invesunfnts. The services the architect must furnish In order to discharge these functions properly (and he will furnish them if he Is an architect of responsibility) are: plans of the house, detailed specifications for the guidance of contractors and builders, and followup supervision of the work, from the purchase of materials to the actual construction of the iiouse Itself. The specifications will tell, among other things, exactly what work Is to be done, what of materials are to be and what method of construction to employed. The architect will need from you at the outset a figure representing what you have decided on the maximum total expenditure you can make.

It cover purchase of the lot', construction of the house, complete furnishing of the Interior, and landscaping of the property. The figure he will use a for all his design and henceforth. It would be wise to make a consultation with the architect a preliminary even to your neighborhood hunting. His responsibilities begin with the choice of a locality which is not going to deteriorate. If you live In a city, the taak of a competent architect not a difficult one.

In general, the most satisfactory procedure Is to consult the local office of the American Institute of 28,000 EMPLOYERS MUST PAY UNEMPLOYMENT COMPENSATION TAX BY COMING SATURDAY Chicago, 111.. April Labor Director Martin P. DurWn' SAlA today that 28.000 Illinois employers were required to pay the 1938 first quarter unemployment compensation contribution by Saturday. 1 Individual reports showing i of cacli worker and his social jwurtty number must be filed with the payment. i Employrs' contributions arc placed In a fund to be used for unemployment.

Insurance after July 1. 1939. SaturdaVc latc applies to employers xho had eight last year or -n-ar. DAVIS BACCALAUREATE TAKES PLACE MAY 22 Davis. April baccalaureate services of the Davis high school will be held Sunday evening.

May 22, at the Epplyanna church. Rev. R. Schwarze will deliver the sermon and have complete charge of arranging the program. Commencement exercises will be given in the Methodist church Friday evening, May J7.

The members of the graduating class will have charge of the program. The class roll Li as follows: Shlrl Bennlng. valedictorian; Norma Heltkam, salutatorlum; Evelyn Horstmeler, Merle Bennlng, Vera Epps. Marlon Schwarze, Marcella Zimmerman, Robert Zimmerman, Robert Gentz, Shyrlah Meinert. On next Thursday, May 5, the of the high school are taking a field trip to Chicago by bus.

They will visit the stock yards and the Brookfleld zoo. Mrs. Ralph Bennlng. Mrs. Arthur Wise.

Mrs. Edward DeGunther. Mrs. Mary Mack and Miss Flora Steyner attended guest night at the Eastern Star in Freeport Wednesday evening. Mrs.

William Raker and father, W. L. Oehr, of Brodhead, were guests at the William Arnsmeler home Tuesday. The regular business meeting of the Ladles' Aid society will be held at the home of Mrs. William Arns- meler Monday evening.

There will be a mother-daughter banquet In the Calvary church basement Friday evening. May 6. The Willing Workers class of the Methodist church will meet with Mrs. Ralph Brenncman May 18. Mr.

and Mrs. Melvin Pleper and children, of Pecatonlca. and Leola Williams, of Klrkland. were guest. 1 at the Adolph Meinert home Sunday.

William Bokhof. of Atkinson. visited at the home of Miss Elizabeth Bokhof Friday. Arvld Schwarze, son of Rev. and Mrs.

R. L. Schwarze. fell from a tree la-st Friday fracturing both arms. The one Is broke at the wrist Mid the other above the wrist.

Loyal McHoea, of Freeport. decorating the Interior of the building purchased by O. J. ButlcOfer. CHURCH WILL NAME ORBAN AFTER 6IAKT MEMBER Alton, April new pipe organ at the Main Street Methodist church will be named for Robert Wadlow.

Alton giant, who it a member of the church. The Rev. B. H. Batson, announcing the start of a fund raising campaign to purchaM the Instrument, said that young iWaxflow would give autographed photographs to every contributor.

The pastor uld he hoped the organ would be Installed and ready for dedication Feb. 1989. when Wadlow will be 31 years old. On hit twentieth birthday Wadlow wai feet inbtm tall-Mid weighed 440 pounds." CEDARVILLE Cedarville, April J. Hoffman returned after a visit In Chicago.

Marie Fink, hu a vacation from her duties at Michael Reeae hospital at Chicago, and to vtolUne Mr. and Mrs. Clinton Fink. Lawrence Btahl. of Rochelle.

apent Tuesday hen with Walter J. Raff man. Mr. and Mrs. Charles Ollntman of Rockford.

called here on friends. Mr. and Mrs. Henry Mdn. of Rockford.

spent the week-end at the Charles LaBarde home. Mr. and-Mrs. A. L.

an family and Kenneth Cllngman and Garman Rose motored to Amboy i Sunday to spend the day with Mr I and Mrs. Short. 1 Many friends of Mrs. Clinton Fink remembered her with a hand- i kerchief shower on her birthday. I -Malt B.

Marrto--InMraaea. 1-tl-tt RESISTANCE TO (Continued From Page One) small farmers, although some farm managers and owners also belong. Burg operates a 160-acre farm near In McDonough ty. Burg owns the quarter-section he farms and rents 600 acres more. He has lived in that vicinity, 16 miles northwest of Macomb and about 4 miles from.

Sciota for a number of years. a member of the McDonough county farm bureau. once prominently-connected with the county corn-hog program, The only political office he ever held was that of county supervisor. He inslsU the corn belt league shall be kept non-poliUoal. Burg estimated approximately BOO men joined the league after iMt night's meeting.

AAA Disturbed by ProleaU Washington. April LP) The agricultural adjustment administration-studied possible shifts in corn acreage allotments today nfter num- protests over reductions ordered under the new farm program. Officials said however that no reduction Is contemplated in the general com program which limits acreage allotments to between 94.000,000 and 67,000,000 acres this year. AAA officials said the farm act placed specific limitations on the total acreage allotment and that an amendment would be necessary to permit expansion beyond the maximum already set. A high AAA official aaid the administration was concerned over reports of Indignation meetings of farmers in the corn belt demanding increased allotments.

The department if studying the possibility of adjustments, he said. "If our Administration of the set- gets out of line with what farmers want we will have to make changes," he aaid. Secretary of Agriculture Henry A. Wallace allocated acres for mm In the 12 principal corn- producing states, expansion of that acreage, with corresponding reductions In other sections, appeared possible. LOWERED FOR LOVERS DallM, Tex.

(IP)-- Supervisor of Utilities Joe Leopold announced that lighting of a municipal park had betiv pUoaed sp no glare would bit the-'eyea of -lovers parked artificial light can sub for the moon." Leopold sighed he sniffed the spring air. News Or. D. H. Bokhof.

SIB West Galena avenue, will attend a cooren- tlon in Chicago Friday, and Sunday. Hmr Tbcwffc laturtfay DOORS OPEN 5 P. M. 5 to 30e MABB OP co! Jest known ivart of about 1000 30 "7 135: S'ock Show SUrU at Adm. sr.ri R-- Xn--iirnj Rj r-l-- 3 Com 9', -r Proa-- 6 3 a 41 Amv on trstJt.

230, uwntn. 023 arr. i.ri'J 22 22 Root 23. 20,: Iry-rs. 24.

20 '724- Rr, 33 24 20. 37 No 2 35: 5 7', Copper-- T'Tj-- fl Cur --4 Pap p' Tel and Tel-- 7S 12. 7 pounds. 36; vp. Z7; 33 STOCKS-BONDS SLEUTH" With OakJp.

Ann Sothrrn rrs COMIXG "EBB TIDE" in Color I TODAY and FRIDAY Till 20. then SCOICMINC TIR I WITH rLAMINC DoonOpen Dolly 1:30 ENDS TONITE: I IN THE DARK" DEAR MISS ALORICH" FRIDAY SATURDAY 2 NTS MLH Here's A Program lo really shout about THIBIC 011938 FIELDS UH MM OVIMMt Mfl MVlf UIV PLUS FLOYD GIBBONS ThrlOcr "Playint With Danger" IMc Starts at KM TOM SAWYER In Technicolor Nt Artiitt TODAY--FRI. SAT. Adde4--Fleet of the weekly mdv THE LONE RANGER Indian Friend TONTO. MOWWTMON THI SCRIIN1 Gnat on AJt-- Greater ontlw SUNDAY--ONLY ON STAGE PERSONS I I Hfei.