Freeport Journal-Standard from Freeport, Illinois • Page 11

WEDNESDAY, SEPTEMBER 26, THE FREEPORT JOURNAL-STANDARD PHONE Market Reports Stock Market Prices, Decline Fraction lo Over Point HV HUDSON PHILLIPS New York. Sept. market prices declined fractions to more than point today after recent advances to eight-year highs. Selling orders hit most categories with the widest losses appearing in steels, airlines and rails- favorites on the buying side yesterday. There were occasional spurts of activity during the session but dealings were slow near the fourth hour.

Expanding layoffs and strikes throughout American Industry accounted for part of the bearishness n.s did the thought in some quarters that the list might be in lino for a technical correction of the recent rise to peaks for almost a decade. Bonds mostly were lower nnd commodities were mixed. Part of the downturn was attributed to a belief the list might be in for technical correction of recent eight-year peaks. Increasing strikes and layoffs also contributed to the bearishness. Volume approximated 1,000,000 shares.

Closing Prices A Allied Chem and Alli.sCb.alm American American Power and American Rad and St American Smelt and American Tel and American Tob American Zinc and Anaconda Armour and Atchison and Aviation Markets At A Glance New York Stocks: Lower; extreme losses partly recovered. Bonds: Irregularly lower; rails In supply. Cotton: Easier; October liquidation. Chicago Wheat: 3 i to cent off; long liquidation on recent' advances. Corn: Unchanged to cent lower; slumped with wheat, Rye: Down to 1 cent; profit- taking on early upturn.

Hogs: Active and fully steady. Top $14.75. Cattle: Choice steer grades firm, active; others weak, slow. Top, $18, ceiling. slaughter ewes, mostly, B.Q06>6.00; nothing done on yearlings, LIVESTOCiPESTlMATES Chicago, Sept.

Officially estimated salable livestock receipts for tomorrow: 4,000 hogs, 5,000 cattle aid 8,000 sheep. Produce Youngst Sh Curb Closing Prices Aluminum Co of American Gas aftd Ark Nat Gas Cities Cities Service Elec Bond and Ford of Canada Hecla Kingston Niagara Hud Bendix Beth Borden Calumet Case (J I) Caterpil Ches Chi MaJl Chi Chrysler Com'wlth Cons Copper Con Cons Nat Container Corn Crane Douglas Du Pont de Eastman Elec Farns Tel and General General Gen Goodrich (B Goodyear Gt Nor Ir Ore Gt Northn Ry Greybotmd Momestake Hudson 1 Illinois Insplrat Con Int V4 Int Nick Int Int Tel Si Kennecott Libby '4 Liggett and Myers Marshall Montgomery Nash National National Dairy National Central North Amer North Amer Northern Ohio Packard Pan Amer 3 Paramount Penney Pennsylvania 4 Pepsi Phelps Phillips Pet-48'ij Pure Radio Corp of Republic 5 Scott Sears 7 i Shell Simmons SV-iclair Socony Ti Southern Stand Stand Oil Stand Oil Stand Oil N. Studebaker i Swift 35 I 4 Timken-Det Union United Air United 68 Un Tel 48'i Westing Wool Grain Bt WILLARD ROBERTSON Chicago, Sept. Mill buying and long liquidation kept wheat prices bouncing backward and forward today, touching new seasonal peaks at one time and then moving to fractions below the previous close. Rye and oats slumped with wheat late in the session, after rye had advanced more than a cent a bushel to a new seasonal high on the December delivery.

Flour trade lagged considerably last week, the Northwestern Miller said. However, many sources believe the government will advance its flour subsidy October, perhaps as much as 5 or 6 cents. Receipts were: Wheat, 33 cars, corn, 40, oats 26, and soy beans, none. Wheat closed to cent lower than the previous finish, December 1.71 to 1.71%. Corn was unchanged to cent off, December 1.16Vs.

Oats were unchanged to cent down, December to 63. Rye was down vi cent to 1 cent, December 1.5.0% to 1.50%, and barley was up cent to cent, December 1.10%. New seasonal peaks established before the downturn today wheat, 1.72%, May, 1.69%, July 1.61%, and December rye 1.52 W. Chicago, Sept. 404,696 pounds; market firm; 93 score, AA, 41H; 92 score, 41; 90 score 89 score, 88 score cooking, 39; cars, 90 score 89 score 88 score, cooking, 39.

7,185 cases; market firm; U. S. extras 1 and 2, 47.8; S. extras, 3 and 4, current checks, U. s.

standards, receipts, dirties, GRAIN AND PROVISIONS High Low Wheat- Dec Previous Clost Close 1.69 1.72% May 1.89% Juty 1.61 Sept. Corn- Dec. 1.18V4 May 1.15V4 1.15 July 1.14% 1.14 Data- Dec. May July Sept. Dec, 1.52^4 May 1.43% July 1.34 Sept.

1.29V, 1.27% Barley- Dec. 1.10% 1.09% May 1.71%-% 1.72%-% 1.69-88% 1.69%-% 1.60% 1,81 K- 1.58% 1.58% 1.59% 1.18% 1.16% 1.15 1.14 1.15 1.14% 1.50% 1.50%-% 1.51%-% 1.42 1.42H-42 1.42%.% 1.32% 1.32%-% 1.33 1.27% 1.28% 1.10% 1.09% 1.09% 1.09% CASH GRAIN Chicago, Sept, Wheatr- No sales, sales. 3 mixed, 66; No. 1 white heavy, 68; No. 2 white heavy.

sample grade white heavy, grade, 1.10; nom- Live steady; receipts, 25 trucks, 1 car; B. prices: Fowl, 24yp)25; Leghorn fowl, roasters, fryers, broilers, Leghorn fryers, Leghorn broilers, 18 ifi'21; old roosters, ducklings, heavy young ducks, and light ducks, 25.2; Single DaLs- les and Longhorrus, 28. Says Communists Have No Contacts Outside Washington, -Sept. Browder told congress today that he did not know of American Communists having any "contacts outside the United States" since November, 1940. Browder, "former Communist party leader, made the statement before the house committee investigating unamericnn activities.

He told the committee, however, he could be sure only that "no contacts" existed up until July, 1945, when he was replaced as party chief by William Z. Foster. In answer to further questioning, he said that he is still a Communist party member, but added: "I am not active at the present time. At present I am unemployed." Browder frequently, objected to questioning on grounds that it dealt with "political opinions, which are, outside the scope of this committee." At one point, he remarked that he could not answer many questions because he is no longer a party official. When members asked if this meant they should question others, Browder replied: "It would be better if no one Is called unless we have a real investigation and not a smear campaign." Chairman Wood (D-Ga.) Interrupted to tell Browder "we'll have no insinuations' of a smear campaign by this committee.

We will have a fair investigation," Before Browder was questioned counsel.for Benjamin Davis, negro vice president of the party, asked that Davis be heard first. The committee refused, Davis later asked the group to "end this witch hunt," saying it is taking valuable time from my will accommodate you as quickly as we can," Wood replied. "We are not interested in what you brand this investigation." Rep. Landto (R-Ind.) told a reporter he wants the Communists "to define themselves and what they stand for," 'We Veterans' Service Commission Office To Be In Smith Building Beginning Saturday the office of the Illinois Veterans' Service Commission will be located in room 608, on the sixth floor of the Smith building at Stephenson street and Chicago avenue, formerly known as the Tarbox building. The Service for Veterans organization also maintains its offices in the same room, and records and files made in the interest of Stephenson county members of the armed forces are available for use, and the work of rehabilitation and other details connection with discharged service men and women will be carried on at that address.

Eric Carlson, service officer for this county, announced that the office hours will be from 8:30 a. m. to 5 p. m. on week days, except Saturdays, when the office will be open from 8:30 until noon.

Special appointments may be made for those who are employed and unable to call during office hours by telephoning' State 30G6. Elevator service is available both day and night, and disabled veterans will be able to reach the office without inconvenience and wheel chairs can be taken in the elevator to the office Photostatir. Copies of The work of providing photostatlc copies of discharge papers without fee to veterans will be continued, as will that of caring lor special claims, conversion of insurance, and other details Jin connection with service rendered. The commission urges that all veterans retain their insurance in its present form or by reconversion. Widows of veterans of.

World War I. also are privileged to call and receive Information concerning pensions, which ant applicable under recent act of congress that makes all widows eligible for pensions, a.nd also parents of deceased veterans of World War I. under certain conditions. Mrs. Eleanor Marsh, wife of Earl Marsh, fire controlman who has been in service four years and is now stationed with the fleet off Japan, has been appointed office secretary by the state commission.

Mailing Of Packages To Persons In Service Overseas Ends Oct. 15 The period from Sept. 15 through Oct. 15 is designated for mailing Christmas parcels to overseas personnel in the army, navy, coast guard, marine corps and the U. S.

merchant marine, It was announced today by Ferd H. Glbler, postmaster. Clearly marked "Christmas parcel," all oevrseas packages must measure not more than 15 Inches in length or 38 inches In length and girth combined, nor must they weigh more than five pounds. Only one package a week sent from a single person In the States to a particular member of the armed forces overseas, will be accepted by the post office. Christmas parcels for army personnel en route overseas shortly before or subsequent to Oct.

15, will be accepted after Oct. 16, through Dec. 10, upon presentation by the sender of a change of address notification from the addressee received Bitter Sept. 30. Because of the great distance these parcels must be transported and the handling and storage they must undergo, it is absolutely necessary that all articles for overseas be packed In boxes of metal, wood, solid fibertaoard or strong double- faced corrugated fiberboard, testing at least 200 Each box should be securely tied with strong cord, the flaps sealed with gummed tape, and the cushioned as to prevent any rattling or loosening of the articles within the parcel, Plan Increase In Immediate Action Necessary For Orderly Transition (EDITOR'S NOTE: This is one of ft series of articles In which leading economists offer recommendations for keeping America prosperous.

The articles were condensed by their authors for the Associated Press from the forthcoming volume, "FlnanclnR American Prosperity," which is being published by the Twentieth Century fund ns one of Its surveys In the public nv mnvARD s. nu.ts Professor of Economics, University of California, Berkeley (Distributed by the Associated Press If we are to bring about an orderly transition to a satisfactory economic level now that the war has ended, Immediate action must be taken: to precenl an excessive boom; to shape our tax laws favorably to enterprise capital; to open up International trade and finance to expansion; nnd, finally, to combat monopoly In all fields. Such measures can mnkc It possible eventually to reduce, public spending. But In the short run public works programs will be necessary. Can Aid Public Enterprise.

Public works, when properly handled, can strengthen private enterprise. They must be governed by long-term productivity. They should be utilized to restore competition in monopolized fields, or operate in those fields not well covered by private competition. And they should bo timed to offset the business Without some drastic economic reforms, deficit financing could carry us to a fascist or socialist state, However, for the immediate future, how the debt Is managed is a more Important Issue than how large It is. In 1 fact, we shall havo to have some further Increase in the debt to put the economy Into work- Ing order.

For the longer future, if we avoid a continuous rise of the debt we may expect a continual increase In productivity progressively to ease the debt burden. Cause Of Repressions Briefly, many economists believe that depressions are caused by an excess of savings in relation to Investment, especially investment In high-risk enterprises. They argue that such saving must be prevented, perhaps penalized, or we shall have economic stagnation. As long as the material standard of lower-Income groups is Inadequate, as long as vast quantities of capital can be used for slum clearance, hospitals, schools, it is a cruel myth that we have "too much saving," Consumption Is the purpose of economic and a much more equal sharing in total consumption is one important purpose of a democratic economic program This may possibly be achieved by progressive taxation, heavy death duties, marked expansion of social security programs, free or at-cost provision of many essential services, equality of opportunity through freo public education, and through a general relaxing of monopoly restriction. If I were to reduce my conclusions to a motto it would be the words of President Roosevelt who looked forward "to a program whose basic thesis is, not that a.

system of enterprise for profit has failed in this generation, but that it has not yet been tried." News About In Armed Services Allen Janssen, son of Mr. nnd Mrs. Hnrold Janssen, 720 South MoKlnley venue, Is home for two weeks, He Is stationed At Robins Field, Oft. Joseph V. Marnssa, 733 North Warren nvrmie.

seaman 2'c, and John w. Spavin, seaman Stockton, are serving aboard the s. s. Delta with the Pacific fleet, Kveret K. Blrker, 8SM who bus been in service for the past 15 months In the south Pacific, l.s home on a 30-day leave, at the expiration of which he will report nt Great Lakes.

Announcement is made Unit Brig. Gen. Haletgh R. Hendrlx will succeed Col. Forrest Edwards as commander of Camp Grunt, effective Sept.

30, and that it, Is planned to Increase facilities nt Camp Grant which will make It one of the Inrgest separation centers. Pfc. Robert Donahue, don of Mr. and Mrs. William C.

Donahue, 521 South McKlnley avenue, who Is stationed at, Buckley Field, Denver, Is home on a 7-day furlough, Cpl. William R. Donahue, of the marine corps service squadron, Was promoted to that grade on Sept. 18. George H.

Clnrk, 708 South Burehnrd avenue, and Pvt, Laverne K. Harnlsh, 657 North Hunt avenue. Freeport; and Cpl. Gerard Cox, and Cpl. Ray Somcrs, Oregon, are among men from this area who havo received their discharges at Cnmp Grant.

Pfc. Laverne D. Sllker, 653 West Pleasant street, now wears the meritorious service unit Insignia, He is a member of the 123rd infantry regiment assigned to the medical corpus and served for 8 months on New Guinea. He participated In the three campaigns and took part In the final campaign In the Philippines. John G.

Hopkins, son of Mrs Flora Hopkins, 23 West Empire street, is serving aboard the battle- Mississippi In Tokyo buy a .25 calibre gunner. He wears the American Theatre-American Defense ribbon with two stars, and the Good Conduct ribbon. He hM served aboard the ship November, 1041. Lieut. Wilson Fisher, of Mr.

and Mrs. Elmer J. Orangevllle, has received his discharge from the army air TO which ho served as a B-29 pilot and flight engineer, and later tmt personnel awards and decorations officer at Randolph Field, Tex. He entered active duty In September, 11M3. James A.

Bcrgnlrom, 1236 Weal Empire, yeoman serving on the U. S. S. Provo during the Invasion of Lingnycn gulf, was one In a group assigned to pass ammunition to the fleet. During the battles, over a 16-day period, his ship was exposed to Jap suicide plane and narrowly escaped destruction when planes missed the vessela In the gulf by only a few feet.

Cnpt. W. Hendrlckson, husband of UIB former Ednaross Seppla ot Freeport, now an Instructor at Fort Wortn, formerly served with Gen, Chcnnault's Flying Tigers In China, At recent ceremonials held at the fort, Mrs. Hendrlckson witnessed an air review, during which eight men were awarded highest honors for exceptional bravery in One Of Last Surviving Civil War Veterans In Illinois Succumbs Chicago, Sept. James Harvey, 100, of suburban Robbins, one of the last 10 surviving Civil war veterans in the state, died yesterday in his home.

He Is believed to be the last negro Civil war veteran I TOrt Sheridan And in Cook county, Harvey was a member of Thomas post of the Grand Army of the Republic. One Pound, 8 Ounce Baby Given "Good Chance To Survive" Wuukegan, 111,, Sept. A baby girl weighing one pound, 8 graue, i.iu; nom- uao J( st" WCIKIHIIK one pouna, a Inal, malting, 1.21@1.39'/4; feed, .95 I ounces at birth almost a week ago, 1.20 VlOB fVCi I ri an fit Field seeds per hundredweight, Nominal: Timothy, 5.25@>5.50; Red Top Clover, ll.00@ll.50; Red Clover 31.50; Alsike, 28.50. Livestock Chicago, Sept. Salable total active, fully steady; good and choice barrows and gilts 140 pounds up at 14.75 ceiling; good and choice sows at 14.00; complete clearance Salable tota4 14 500; salable calves 800, total 800- choifte fed steers and yearlings, including yearling heifers, firm active; generally at new high on crop; 40 loads scaling 985 to 1400 pounds 18.00, the celling; but all other has gained an ounce and given a "good chance to survive" by her attending doctor.

The tiny infant, Bonnie Lee, is the daughter of Sgt. and Mrs. Laurel Van Patten, of Antioch. She was born prematurely Sept. 20 at a Waukegan hospital and was removed to Michael Reese hospital in Chicago on Monday.

Bonnie Lee took the switch in Camp Grant Discharges Chicago, Sept. Increases In the separation rates at Fort Sheridan and Camp Grant, 111., and Camp McCoy, expected to raise the number of enlisted personnel officers discharged from the three centers to 5,200 a day by December 1. MaJ. Gen. David McCoach, commanding -general of the service command, in announcing this yesterday, said the following quotas will be set up then in the three camps: Fort a day, an Increase of 100 over the present rate.

Camp daily, an Increase of 1,800. Camp daily, in increase of 1,050. All of the officers discharged will from the six states of Wiscon- incubators very nicely Her doctor the filx of wtsc W. F. Kramer said i.

Min es a Nor South Dakota, Michigan and Illinois, Gen. McCoach said. Only Illinois men be dia- charged Camp Grant; Michigan wen only at Fort Sheridan, and officers from the four other states at Camp McCoy. grades steers weak, slow; top heif ers 17.75, new high on crop; medium to good heifers under pressure at 15.50 down; good beef cows steady, all others including canners MifrnfMm wnd cutters 10 to 15 cents lower- lcror lm bulls and vealers steady; weighty sausage bulls to 12.50; practical top heavy fat bulls 13.00; vealers, 1500 W. F.

Kramer, said she is in every respect except size and is the tiniest baby he has ever seen She is reportedly the smallest bora in Lake county. Feeding of the little mite is done with an eye drop- Her father has been overseas in the Pacific for three months with ordnance- headquarters. He was formerly stationed at Camp Shelbv. Miss. The Van Pattens have per.

other children, two boys and one girl, aged 5, 7, and 9. down; stock steady. cattle very scarce, Salable total 4.500; Of V-Moil Ends Oct 31 New York, Sept. transmisalon of V-mail, by which some 1,500,000,000 i were speeded to and from the armed lamy active and generally forces around the world, will cease ntS Wgher: good and Ocl 31 Co) Snyder, in: mostly 14.40; 4 double decks! array pictorial service, an-' Wasnwgtoqs straight at li-40; I nouoced. i -HIT NO.

1- Tremendous Drama! "Tpmprrow Wprld" witn Fredrlc ftltrch, Betty Field HIT NO. 2 It's Breezy and "EAPIE WAS A IAOY" with ANN MILLER NOW SHOWING CONTINUOUS FROM 5:30 P. M. THATS BWHOTO BEPUAS1MI EXTRA! "Latest News" DISNiY CARTOON combftt, four of the words bclncc rnada posthumously. Sixty-four P- pnrtlclpntcd in ceremonies, nil the pilots having been instructed by Cnpt, Hendrlckson.

$2,398 Paid In County This Month As Aid To Dependent Children Forty-five families, with total of 120 children, received $2,308 In Rid to dependent children durlnn the month of September. It, hiw been nnnonnred by the stnle wrl- fnre department nt Springfield. Other counties In this nren received nmounUs follows: Cm-roll, $830 for 18 families, 42 children: for 30 families, no children 1 Jo- Dnvless, $2,402 for 40 fiimllles, 120 children. Illinois Central's Net Income For August $1,462,791 Chicago, Sept. Illinois Central rnllrond system today reported net income of for August, 1045, compared with $1,322,003 In 1044.

Separate Maintenance Bill Filed In Court A petition for sepnrnlc mnlnten- hns been filed In circuit court by Attorney Jnmcs K. CavnniuiRh In behnlf of Ruth Robinson nnci ftgninst Bcnjnmln Robinson. Cruelty nnd desertion nro nllnRetl. The bill sets forth the couple wns mnrricd April 21, 1035, nnd alleges tho htifl- bnnd deserted July 25, 1045. The wlfo asks for the custody of three minor children nnd support money.

Cribbage League To Hold Meeting Oct. 2 One of the most, popular activities of the local Y. M. C. has been the OrlbbnRo league which hns been In operation now for two years.

A meeting will bo held Tuesday night PAGE ELEVEN Oct. 2, at the Y. M. o. A.

fftr the nrRflnlmion of this league for 194546. Any tennis Interested are Invited to send a representative to this mneMnflf. Teams are of eight men ench nnd nt the end of the season there will be a tournament in both singles and doubles. Saturating Rains And Sunshine Delay Corn, Soy Bean Maturity Springfield. Sept.

Satitrating rains and lack of sunshine delayed corn and soy beans maturity In Illinois during the last week, the weather bureau reported today. Most corn will be safe from frost In two to three weeks. 8oy befths need one to three weeks. Fait field work was held tip by henvy rainfall, which exceeded threa Inches Ottawa in the north and at Graf ton, Carbondale, Cairo and New Burnside in southwest and southern sections. Softened ground hag caused further lodging of corn and will increase harvest the weather bureau said, World War 11 Veterans Join Legion At Galena Galena.

111.. Sept. Oavlesa County Council, American Legion, held an Interesting meeting Monday night, Rev. F. 0.

Voet, of Apple River, who Is commander, presiding. Past District Commander J. 15. Qrtowold, of Freeport, was a visitor. Among the returned veterans of the present war who have joined the Legion nro Frederick Stoffregen, Wilfred Greene and Walter E.

Eus- tlco. DRERE AND COMPANY DECLARES DIVIDEND Mollne, 111.. Sept. dividend of 75 cents on common stock was announced yesterday.af- ternoon by Deere and Co. The dividend Is payable Oct.

22 to stockholders on record Sept. 20, STARTS THURSDAY ENDS TONIGHT JOHN HODIAK GENE TIERNEY "A Bell For Adano" 12 WONDERFUL STARS Gr oT'" er THE ALL-STAR ADVENTURE-SPECTACLE OF AU TIME IN GLORIOUS GARY COOPER -CRRROLl with FEATURES 0140 THE HIT mi THAT MADE MOD A SENSATION! ALAN LADD VERONICA LAKE jam in HIS LAIRD CRE6AR ROBERT PRESTON FEATUKES NOTE: lit JO HIE M.UiNITl'UE OF THIS PROGRAM MOORS OPEN DAILY AT CONTINUOUS FHOM 1:00 COMING SUNDAY GREEK GARSON GREGORY PECK.