The Charlotte News from Charlotte, North Carolina • 6

I 1 CHARLOTTE Nov 3 1961 Real Rivalry Names In Business Newburgh 1311 Not For Plan cp I SI a Daly Ecitta City Briefs GaringerMarding To Meet In Bowl Carolinas Ports Push For Trade Student Attitudes Fast Trade Brings Gains For Stocks Stanley Saunders has been named manager for conveyors and engineering systems at the newly established Charlotte branch of The Rapids-Stanilard Co of Grand Rapids I This Charlotte operation is incorporated as Rapistan of Carolina Edsel Owen is manager at this branch I sales of casters hand trucks and related lines of equipment This branch also will engage in installation a service of the materials handling equipment CHAPEL HILL UP The widel y-publicized Newburgh NY' plan "contains nothing that we can use in North Carolina" the General Counsel of the State Association of County Commissioners said Thursday John A McMahon who maintains his office in Chapel Hill added that "the workable elements of the plan have been in use in North Carolina for years and one wonders why Newburgh has waited so long to adopt them" McMahon said "This does not mean that the Newburgh plan is valueless and that it should be ignored It contains a valuable lesson The wide-spread agitation it has received proves what many people have long-believed: That public welfare programs no longer enjoy the full confidence of the tax-paying public It is time to take a new hard look at public welfare programs to bring them into line with public opinion" Etu2le By A DALy News lusioless Editor Financial and industrial interests of the Carolinas and other Southeastern states like the ports atithori- s- ties of these dall Ns 1 lig 1 states are re 12k vealing intensi I A 4 tied interest in Aotf actual and pro' spective an sion of the al- tA4 ready active ex- port import 12:1445 t4 Attitudes among high school students was the topic of a talk by Warren executive of the Mecklenburg County Scout Association at the weekly Civitan Club luncheon meeting today His talk was based on a recent study made by him and others Kiwanis Meet Management's side of the labor-union issue will be ex plained by Edward Dowd of Central Piedmont Industries Inc at the Mecklenburg Kiwanis Club meeting at 12:45 pm Monday in the Anchor Inn Charlotte is the home of a new bowl game this year The traditionally hard-fought game between Garinger and Harding High Schools will be played Nov 10 in the 1961 Blind Bowl game sponsored by the Central Lions Club to support their work with the visually handicapped Tickets are being distributed by the Lions to all who make a $5 contribution A unique financial arrangement spreads the money among several recipients with the Lions taking $3 of the $5 and giving each of the high schools $1 The Park and Recreation Commission alSo will gain from the added interest and attendance at the game The club's tickets will be the only reserved tickets available for the contest and are expected to fill the entire new 4000 seat section of the stadium Last year the Central Lions provided clothing transportation lunches shelter financial aid recreation tuition and fuel to blind persons at a cost of nearly $70000 The Blind Bowl is the club's major project to raise this year's funds tained from the Department of Commerce These statistic showed South Carolina's exports gained 79 per cent in the first half of this year comparvd with the traffic in the same period of 1960 and imports gained 162 per cent South Carolina's traffic in this latest six-month period was valued at $137 million North Carolina's port traffic about the same as it was a year earlier was valued at $93 million I WILMINGTON IS the principal North Carolina port with large operations also in progress at Morehead City The Fifth District Federal Reserve Rank's comments regarding international trade emphasized that "with markets for manufactured goods becoming increasingly competitive interest in overseas business contracts is clearly growing Greater emphasis is being given to foreign markets as potential outlets for domestic products" George Dowdy of Charlotte executive vice president of Belk Brothers Co and former president of National Retail Merchants Association was a member of the group of judges which selected retail merchants over the United States to receive certificates of commendation for outstanding activities which enhanced the respective community's retailing prestige DALY trade I This business has become a powerful factor in the economy of each of the Carolinas and the other Southeastern states through recent years Competition has become keen between the rival ports authorities which are aiming at boosting the business of their associated coastal and interior industrial commercial and agricultural activities Shaw On Panel Hobert VII Shaw director of Queens Evening College will participate in the annual meeting of the Association of University Evening Colleges tomorrow through Thursday in Cleveland Ohio He will be on a panel on academic professional and personal counseling in the evening college program NEW YORK The heaviest trading in weeks prevailed in an irregularly rising stock market early this afternoon The Associated Press average of 80 stocks at noon was up 40 at 23960 If the gain were held until the close the AP average would be at a new historic high Standard a Poor's 500-stock index yesterday rose 38 to 8911 another historic high While most key stocks today made moderate gains there were many losers The most noteworthy feature of the session was the increase in volume promising to top yesterday's which was the largest in about a month The ticker tape ran as much as three minutes behind transactions in the morning The price structure was irregularly higher at best and some gains were trimmed as the session wore on Brokers attributed this to pre-weekend caution Optimism was fed by Chryslers agreement with the auto union averting a strike scheduled for last midnight Motors however made only moderate gains Major steelmakers tended to ease Gains in tobaccos airlines chemicals coppers and rails helped the erages Chrysler ahead more than a point at the start cut its gain to under a point Ford added a fractions and General Motors was steady Texas Instruments was up more than a point at the opening hut showed a fractional net loss in the Anaconda a Kennecott gained fractions as higher copper prices were reported in London Steel in further reaction to what analysts considered a poor earnings report dropped a fraction while Bethlehem and Republit Steel eased Jones and Laughlin gained a fraction A gain of more than four points by Public Service of Indiana was a feature of the utility group hut trading in this issue was light American Telephone up nearly a point continued to respond to investment demand Public Service Electric and Gas however slipped more than a point and Consolidated Edison lost a fraction DuPont fell more than a point Losses of around a point were shown also by Boeing and Republic Aviation Universal Oil Products ran into more speculative buying and gained more than a point Most airlines and tobaccos made small gains Gypsum ahead more than a point was a highlight in building materials American Stock Exchange prices rose in moderately active trading Shoe Corp of America Mead Johnson and Victor Paint rose more than a point each Moderate gains were made by Cinerama Mohawk Airlines Cott Bottling of New England Borne Chemical Roy American and Associated Oil and Gas 0 McMALION MADE these comments in a special bulletin sent to members of the Association He analyzed the 13 points of the widely-publicized and controverstal plan by which the city of Newburgh in New York has sought to reduce the number of public welfare cases McMahon noted that some ele ments of the Newburgh plan are contrary to federal law He said "We must work to change federal law and regulations if we are to do anything" Robert Hutchinson of rw Charlotte a been promoted ril 1 from personal 4 service division supervisor to 1 personnel assis- 11 tant at the Char- A lotte regional M- at (ice of Allstate Insurance ComHUTCHINSON panies He came with Allstate in 1956 He was to management trainee in 1959 and division supervisor in August I a year -o we" da THE SOUTH CAROUNA Ports Authority is far advanced on a $21 million development program for its ports Charles ton Georgetown and Beaufort The greater part of this development is at the busy and growing Port of Charleston Terms Begin For Bandits The Reserve Rank cited the recently held North Carolina Trade Fair at Charlotte as a major factor In this state's efforts to share in the poten tial foreign demand for many products displayed by exhibitors at the Fair College Beauty Miss Teddy Hughey 205 Hunter Lane has been selected as a freshman maid in the May Queen's court for this school year at Blue Mountain College Blue Mountain Miss Her picture as a May Maid will appear in the college scnoot year at niue iviouniain College Blue Mountain Miss Her picture a a May Maid will appear in the college year- This is particularly true of the numher one plank in the Newburgh plan McMahon said This plank calls for Issuance of vouchers for food clothing 1 and rent rather than cash payments to welfare recipients i Arthur Brown treasurer of Pneumafil Corp of Charlotte textile machinery manufacturer was on the program as leader of a seminar on controllers' responsibilities at a meeting of the Charlotte Chapter National Association of Accountants The North Carolina Ports Authority is completing an expansion program and has carefully planned another program This additional development will cost an estimated $13500- 000 The program is subject to the result of the vote by the North Carolina citizens in the bond election next Tuesday Nov 7 yearbook i Prison sentences began today staging a daylight payroll rob-for two Negro men convicted of bery on July 14 that netted about book 'S3500 1 Joe Barron and James Max-Conducts Forum well originally charged with Dr Darwin Turner chair- armed robbery entered guilty man of the department of Eng- pleas yesterday in Superior Court lish at North Carolina ASET to a charge of common law rob1 College in Greensboro conduct- bery a lesser charge ed the first of a series of open Judge George Patten senforums at Johnson Smith fenced the two men to no less University today The forum than 30 months nor no more than was held during the 10 am five years in prison chapel period and another is A conspiracy charge against i Another point in the Newburgh plan would deny relief to able-bodied persons who refuse employment McMahon said This has been standard policy in North Carolina counties for years 1Newburgh is just catching up with us" Byron A Sarris has been transferred from Atlanta Ga to Charlotte to manage newly established regional sales agency of the Martex division of Wellington Sears Co He will direct sales of widely known lines of towels bedspreads and rugs over a state legion region His office is at 1402 Morehead St The Wachovia Bank and Trust Co's several related articles emphasized that "more and more Southeastern businesses ate looking overseas for new markets There they are finding increased profit opportunities from the sale of an almost limitless variety of products produced by area farms and factories" This trade expansion's numerous benefits are measured Wachovia commented in economic growth and development and in a higher standard of living for the people of the area" Wachovia repor ted that North Carolina's ports increased exports from 43300000 pounds in 1950 to 502300000 pounds in 1960 and increased imports in that period from 57R million pounds to I49R million pounds North Carolina's exports the hanles analysis adde created last year 'steady pmployment for 15000 industrial workers and thousands of farmers" New York Stocks ew York stocks i 0 eTn hy rNe lei ewituti or hw opmi aeon wwo thi lod tan! sno i tinue to have illegitimate chit- i (Noon Quotations By Associated Press) dren McMahon said: I "Federal law prohibits this ev Noon 1 ev Noon 1 Pv "6" Besides this punishes the chit- lS 19 471 47 lose Todav Close TodaV' Close rode who are not guilty of any I Curcibetl 19 NoAmAyla 1 71' 671 CudahvPack 1114 111 NoPacItle 41s 42 1 wrongdoing A better solution AP' 671 Cudahy PAck 11'4 1 111 NOPacitie This foreign trade has become so very important to this region 's economy that the analysts of the Fifth District Federal Reserve Bank devoted some space in the October issue of "Monthly Review" to the subject Also about the same time Wachovia Bank and Trust Co devoted several pages in its October issue of "Wachovia Magazine" to the fight by Carolina and Southeastern industry for new markets overseas The South Carolina Ports Authority in its October monthly Port News reported statistics on this trade that were oh ahbottLab IV 2 19 CJrtissWrt 1A 1712 17'11 now being used in North Car 38s ()- lantic Service Station on Sug- 59 5934 011190i1 ar Creek Rd all day tomor- 184 1it 11P Oan1119Mills 1011 137" 011nMathi 3 '1 lina i to place the children in eson at 421'2 225d 231 Atie Pau 741 foster homes where they can he row They want to raise enough la 'a 1 let 1371" 1 wonmarn teson AU'll 2 225s 23' 2 Dem! Records 34 764 can be I row They want to raise enough homes where they lantic Service Station on Sug- ar Creek Rd all day tomor row They want to raise enough scheduled for 8 pm today Maxwell was dropped as was one against Thomas Grier who Car Wash was arrested along with Max- well and Barron North Mecklenburg High Barron and Maxvvell were School cheerleaders will wash charged with holding up Harry cars at the Hidden Valley At- Gaddy about 4 July 14 in 'downtown Charlotte and taking $3500 Gaddy an employe of Thomas was on his way back to the garage with the company payroll at the time of the robbery 1 Police weren't able to recover the cash Gaddy was on Church St when the holdup took Charlotte Central Lions will place cancel their luncheon meeting Monday and meet at 7:13 pm 1 Alph rt Dent-rt etr nrt 1 ft I Charlotte Central Lions will cancel their luncheon meeting Monday and meet at 7:13 pm in the Rebel Room of the Heart Markets At A Glance AC Vend AC Ind AcmeSti AdernsMillis Add resso-M AdroiralCore A irCorit Air Peduct AlleoCore Alleg-LudSti AlliedCh AlliedMinc AttiedStores 3614 91" 99' i DetEdis 62 I Owens-b 6034 el supported pported on aid to dependent money to charter a bus for stu- 1 '3711 143t4 DouglesA irc 337 Owens-11161 84'1 8312 children" 1 8' ParamPict i614 61 1 1 I DowChem 731i 73541 i 601 65' i DuPontdeN 233 2334 dents who want to see their toati i team in a i Nov 10 at i 1 arkeDevi 41 43 32 IA 1 Lowell 56i 5634 11 EASIAl21 72 22 Penick Alone 4r 4 EastmenKod 110 110 PenneyJC 5334 S3344 1 1 Money Al one Lowe money to charter a bus for stu- dents who want to see their team in action Nov 10 at Lowell Bonds Not Enough' Lions Party Lions Party 14'2 15k Se's 54' 2 Se's 54' 2 I I eal Endicott John 2334 233i i Pepsi-Cola Pet MilACO 644 20 20 28 Visit 26' 2 26ii 52'1a 5759 28 I 211t 2612 704 57'4 5734 Trade Talk of Charlotte Motel for an anniversary party Bill Transou is handling arrangements Court Delays Speedway Sale Continued From Front Page I N111 1 FairbanksM Phelps0 594 5971 FedDtStrs 54se 54 PhiMbrr1 lova los 1 DURHAM (iri Most of th we 70 i irestonelqub 4734 en 1 P0IIII0sPet4 55'7 55'4 42 42' Flintkote 73 733 1 PlasburvCo 62 62 i people who get public welfare 161'e 17 FooteMin 167A leN i PitnevBowes 65 6514 help in North Carolina do not col- n' 443i i FordMotor 1033 1023i FrocretGuemb 93 3434 34 9434 44se 44e ForemostDair 124 13 Pullmenin 331e 3311 lect any money at all 7 47' 47 Foster-Whe 0 el Ws 39'4 341 Dr Ellen Winston state corn44'1 4514 FrueheutIr 221e 24 I rnissioner of public welfare 491 491 OunkerOets 41e 40 95e made this point Thursday night 23'4 GenAccent 2114 GenAmTr 0611 151i 1 RedloCorts 56 55se to demonstrate her department's Gengee 00' 7 64 63t I Raybes-Men 0 681 belief that "financial aid alone 37s Gene lec 7e'v 74 PerAti 5034 59 353 i GenFoods 96ze 97 I Reeves Bros iv 1631 IS not enough" 17 GenMilis 3371 34 RexallOrue 557'4 5674 She told the Durham Altrusa se 50 50' ReynoldsMtis 371s 3734 Ignmi 37 30 ReynoldsTob 6 937: GG eeennn TSAR sts 1 14 Club that public welfare i 2411 2431 Rich-Merrill 105 lo534 emphasis on a family centered 001 0131 PichtleidO 39 19'4 ll GerbProd 5934 I 57e 572 I approach "is a steadily expand-on 60 2 GientPrtChem 1714 1714 aoyalMcilee 108 112 1 ing program of protective pre373'A 32' 2 GilletteCo 146'2 14734 1 96'se I VPrit it'P Anti rph2hiiit ntivo core 3371 34 i RexallOrug 5571 56'4 She told the Durham Altrusa 1734 1GenMot 50 30 's ReynoldsMtis 37's 3774 AA' 1 1 GenRySignel 37 38 ReynoldsTob 1i Club that public welfare i 6974 741 7434 Rich-Merrill 103 lo534 emphasis on a family centered 9 0011 81317 Richfield011 3914 3934 I 'GerbProd 59'4 66 I 578 572 I approach "is a steadily expand- 6017 GiantPrtChem 1734 1711 RoyalMcilee 1034 117 1 ing program of protective pre- 'GilletteCo 1451-7 1473-4 I -S- I ventive and rehabilitative serv- Vending Machines Had Early Start NEW YOOK (AP) Govern Allis-Chal mem bond prices tumbled toclaY In re- AlphdPC sponse to the Treasury's decision to Alum Ltd include a long term bond in Its No- AlumCnA vember refunding AmAirl Price movements were Jumbled at Am Bak the start but the trend was definitely Am BoschAr downward in both long and intermediate Am 18 rkSh sections CoroorMes traded on the AmConCe Now York Stock Exchange opened mixed AmCvan The 13-year bond offered yester AmDistilling day to holders of the maturing 2is AmEnke of November 1961 at a discount price ng tO lunged a full i points At the AmHdwe close yesterday they had been quoted AmHmProd orien market trading fit Around AmMthitEdY 100 5-16 AmMet-Cimx Losses of other long bonds ran AmMotors around one-half point while some of the AmNotGas high-couPon intermediates fell 4-32 to AmNewsCo 6-32 Prices seesawed rapidly as invesi AmOptical tors figured the angles on the $7I ArnSeAting billion Treasury borrowing The Treasury offered holder i of the AmStlEcirs maturing 2i-7 the choice of rsh eithor AmStores of two bonds note or WO million AmSugRef In short term bills The 13-year bond AmTeleoTel was a complete surprise Arrt Ob Among corporates rails dincied while AmViscose utilities edged higher Industrials were Amph-Sorg mixed Curtis Publishing ns gained one AnncondeCo at 78 while Florida East Coast Rail Anderson-Clev road Ss fell one at 63k And-Prich011 National Tea convertible 31-Is added Arch-DanM 11 at 121 at one time ArmcoSit In new financing the Oklahoma Turn Losses of other long bonds fen AmMotors Around one-halt point while some of the AmNotGes hicih-coupon intermedietes fell 4-37 to AmNewsCo 6-32 Prices seesewed rapidly es AmOptical tors figured the angles on the $78 ArnSe6ting billion Treasury borrowing The Treasury offered holders of the AmStlFdrs rmourinq 2771i the choice of cesh either AmStores of two bonds note or WO million AmSuglitet In short term bills The I3-yeer bond wes a complete surprise A rri ob Among corporates rails dinoed while AmV iscose ix utilities edged higher Industrials were Amph-8org mixed Curtis Publishing as ginned one AnocondaCo it 78 while Florida East Coast Rail Anderson-Clev road 5s fell one at 65 And-Prich011 4 Tea convertible 311s Added Arch-DonM 11 at 121 at one time ArmcoSti le new financing the Oklehome Tun- A Attend Meet Kilpatrick president of King's College and Kilpatrick Jr dean of the college will return Sunday from Colorado Springs Colo where they have been attending the annual convention of the National Association and Council of Business Schools 954 3314 BO 31 35's 1754 44! 45 69 3814 3134 96 ION 1 2114 911 5 34 a3 BO 37 3571 IN 44414 59 4 38'4 96 1734 AV 4 45 69 '38'4 60 371' 16 "''61 171Ts By EMERY SISTER News Stiff INT' tter The stores demand a bigger cut and the vendor ha no choice except to rake the lack price Resisted Saxon's Inc is in the retail cigaret business in a big way Ode Canteen Inc dispenses candy bars and other foods from its mechanical salesmen I mend that the corporation be 1 liquidated reoganized or con7 tinned in Its present path The judge can put the trustee's recommendation in the form of a court order However creditors and other interested parties have 30 days in which to protest the action In a hearing scheduled I 8Judge Craven will rule whether to allow the proceeding to continue under the federal act or to throw it out in effect back into the hands of the would he foreclosers I CREDITORS WILL argue at that hearing against continuing Iunder the federal statute I creditors are primarily contrac- tors who have not been paid for 1 various kinds of construction work totaling ahout $500000 1 1 Cotton JUST THE other day the Charlotte Coca-Cola Bottling Co got into the business through its newly formed company Carolina Coin Caterers The company will handle a "full line" of foods up to and including hot lunches in Charlotte Concord Gastonia Shelby Statesville Lexington Albemarle SallAury and Monroe f1rne5 Johnson of States' Hie a state senator is managing the new operation crop movement and large spot sales of cotton at the primary markets Buying came through trade covering In the late forenoon prices improved slightly in some positions on trade buying which met light offerings 1Futures closed yest erday unchanged for nearby March to 20 cents lower for nearby December) Prey Close Open 12 Dec 345313 3452 3453 March 3529B 35268 3528 May 3571 3570 3571 SUMMARY' OFIE DAYI IsrocuMARK ET" In the year 219 BC ('eldropped coins in a device which dispensed holy water for religious lakierbrp ceremonies This Is the ear- 1 liest known len- ture Into the vending business whose mushroom-t 't--- mg volume now ie 4) totals more than i two and one half billion dollars per wise year You can get fn elything from hamburgers to virist strathes horn the machines and although you can't huy all timise produi ts in Charlotte the imlurns of merchandise obtainable I staggering from tigarets to hot meals not to mention hot and cold he erages AIM 10110 a rocie can be had for the drop of a (ow Charlotte biggest Nennirg husiness Indostitiil Vend mg ieceritly got iltPr htThlah mc rzer vi! Ma kit Vending of ashingion Matt Russ president (it Industrial Vending Co -Business has he( I pi rif since the meteer beiA Per his company and Mackie Rut he gays the 1 Prlittn: business has ItA piotilems tilt and sometimes is tin itistly blamed for high prues of iod ucts in machines ti 4 A 14 1 ELCALLIED475111 67 Gimbelaros 8711 '''''71 Goodrich8F 722 72 SafewayStrs 59 597 125-71Goody43tos 45-34 43 ScottPao 125 12434 ('PS ('PS I 161' Gr 17 antWI 7914 1 5634 57 63n3111 IISSeeaabrsVot 234 8211 iribuck 30 8 i ShellOil 3934 3811 1 334 3311 GreenHL 4734 46 'Gr 25 eyhound Sinclair011 2534 31-4 1 3811 Selling Is S331 3911 39 5534 561a SoconyMob011 4631 47 Gult011Corp 1 -HNetionel 3117's 39''s 'Herb-Welk 43 714 SouRailway 56 5614 74 Heion-li 6514 67 SoencerCh 3614 3874 44 4411 1 HersheyChtse 199 190 SperryCorp 2734 2334 Pike Authority borrowed 3565 million ArmstrongCork 77 1 5811 334 ertiCorP Std8rands 111211 13034 through Arl ISSUll of- 475 Per cent 40- AssdDryGds 98 9817 H'stkeMing 8 StdOliCalif 4934 4961 By Decem 50 Al? year revenue bonds They were reof- AtchT8SF 28 711'4 I -I- StdOilind 48 48'4 fered publicly by a Merrill Lynch AtiCoostLine 43 41311I litCentrel 434 75 46T's Pierce Fenner and Smith Inc group 3234 53 IngersolIR rs i 4 63 St I stadPriettNILS 703'4 CHARLOTTE COTTON At 100 Proceeds will be used to build a AveoCrt 2714 23 InlandSti 434 4434 StevensJP 32 3231 135-mile southwestern turopike front Stud-Packard 1034 109's (Noon Quotation) Oklahoma City to Wichita Fells Tex -B- IntrchmCorP 37 37 Sun011 5774 Furnished by A Baker Co PhiledelPhie sold $19 million on va- Rld-Lm-Hm iss 13 1 intElusM 58434 382 4 33 '4 Ss rious purpose bonds to a group heeded 3979 29 IntHarvester 31 39 3914 1 totNickelCan 8034 An I Middling inch staple 3340 by the Chose Manhetten Bank The 3814 bonds corry COU0OnS ranging from 31 8eN7LtrntciteMFit 2741 2 2 intSho 31' 134 TennGsTran 2334 7334 524 i IntPeper 3574 3 TelAutograoh 1 t1-- 334 1334 1 3 NEW YORK Cotton fu- to 4 3 per cent setting the city's 11 et 1 intTeltel WI 534 1Texacoinc 5034 5011 tures traded quietly within nar- Annual Interest cost at 331371 per cent tifendisCNo 60' 7 6234 1-ar ts' 39 407' TexGasTren 3934 3934 They were reoffered publicly at prices RestCo row ranges during the morn- -I- yield from 165 per cent I 1963 -1 1 Tes asGultPr 3334 3 4 110 821-7 72 22 tog At midday prices were un- to 4 6 Texasinst or cent I 1987 FlethSti Rigel-Soot 10311 10414 59t 371' ijoehwnesi-r Tex Meismov II I 5814 5734 209 241 changed to five cents a bale A $15 million offering of 434 rer A low-Knox Textronine rent 30-yeer first mortgage bonds by PleteingAir 49f Alo I lower than the previous close 34 Keyser-Roth 25 25'4 i Generml Telephone Co of Florida wes FtorinAllfPr 74is 7512 1 Timkent9 8 57'S 5714 m77 6471 KelloggC0 The market opened tin- smio out shortly after reeching market SordenCo TidewsterOil 191 1934 7934 80 A 3779 3814 I TraneCo 4174 4234 1 Twenty-Mix 33'1 33 changed to five cents lower in a negotieted deal through a Paine Sorg-Warner 43 Al Kelsy-H '660h6r JaCk son end Curtis Grout) I KendeliCo FIrldgeporter 4 ranged to 10 cents a bale The hoods were) offered et IMO 4 to yield BrIstell-MYers 94'7 90 I K960066 791 7931 38 38 4 6 ner cent Proceeds will he us 12: 11 ed by PuddCo 8 31134 the Tempo Fla Utility to repoy brink suinvawAsch 1s: 1524 KiemrrbccIAGrOk il 40 4111 1 air 2 unnclieronawaoid 3 and in mid-morning declines 17 loons amd for construction 15urt Ind 2134 7134 Kopper 4334 UnCarbide 127 127 sCo In early dealings liquidation SurroughsCorts 3334 33as KressSH 2434 27 UniOnPac 361 361-1 4 nearby December contracts KrogerCo 2 2 Unnl Ines Butter And Eggs CalPock 1534 161s 1 -I-u 371T 3734 was influenced in part by 8i itteciede Ailsrel 36 36 74 DI 1 ComoSoun 12274 1271 7 1 LehrFink KIN 484 Un 771 7834 itedCarb 4579 457s sentiment that there may he AA 2 tlialledAircr CHICAGO An) Chicego Mercen- CannonMills 75 74 LernerStrs tite Excheoge Rutter steady whole CarlAirlinag 1117-0-FGIs 5379 75611 74 5 substantial deliveries of cot-Ale buying prices unchenged to orie- CereyPhillip 32 3274 1 LibbyMcNL 7312 731 LISGc0 10114 102 ton against Decemher futures hAly lower 91 SCnra AA 6P 91 A CeroPil 5914 owl 1 LiggettMyers 10534 156 USPIPeFdrY 7214 23 an gn 8 31134 89 577: cars 90 El CerrierCore A2 4714 I Lochheor 47 471s LISPlywood 4711 4714 when the notice period for that 5117f 09 se CASPJ1Cn 7'3 714 3314 34144 USRubber 56 5634 I position comes along Some Eciqc Ahous Ateody wholesele huyine CoterpillarTr 3734 3734 I LoneStarCeM 2217 2251 774 's prices unchengd le 1' 2 'IWO 70 per CeloneseCore 34'1 3534 I lorillecdP 6134 499 USSt1 77 7611 further hedging was also in evi- 3111 3 cent or bettor Grade A whites 36'737 Cert-TdPd 6774 67111 I LOWanStain 1334 14 UnivPics 5234 dence reflecting the active mixed 2 mediums 26 stendorris 33 ChadbouroCseith 4'1 64 MP VOlohnC0 31 51 dirties 10'7 checks 3017 Cheinli11 41I 7 4712 MackTrks 4614 441 -V-e 3834 3834 MocygH 4079 667 VenReelte 2674 26 3734 577-s Magnavoy 3734 3512 SiendOCO arg 44 I Grains Chrysler S421 54 I MaroCem 6734 6234 I Ve-CoroChism 341'7 Financing CiTFin Re' 2 Re' 2 mersheilF Id 4334 4334 VaElPow esil We WASHINGTON i CitiesServ 53 5334 MeyDptStrs 5674 5534 -WTreasury said it will expand CityProd 2634 2637 McCroryCore 194 1934 We igrenCo 3r1 343 4 I next week's auction of 91-day CityStrs 4734 43 'WalworthCo I 71 12's McKessRob 7 734 Clerk quip 331'7 3414 'McLeantrk 14 914 WareFink 10147 1011' hills "because of increased coc1l-cols 15 6n'T MeadCorp 4734 4734 WarnSloic 1411 1 market demands for shorter Colgate- 41 41411 MedusePtCh 27'1 W1aPP 3434 34 ColumhiG oE 21317 29 erloct 2834 29 Metro-G-M 7714 794 WesternMd 29 30 bills" Instead of offering the Columbi ee 4114 WestUnion Al 41 columcorb 47'1 4771 Monsento 5334 54 WestingEl 19 3tot usual $11 billion of the three- COrotC edit 51 50 3134 3714 WheelingSti 46 Tit 4634 month securities the amount CarrliS(11V 36 2 3034 Motorola 79 8034 WhirlpoolCO 3119 37IT will be increased to S12 billion ComwlEd -N- VohlteMot 47 4734 Cortestills 14' 1434 NetAcme 5134 i WhiteSew 7174 els The department will raise no Congoleum-N 10 10 NatairlineS Ins IT 4311 4337 additional cash in total how-the ConEd A4' ft 4' N6IniSCU1 11 614 lfiillol-Dixis 3934 39 ConsmrsPow 8014 Sin's NatDoiryPd 7717 76 84 64 ever because it will at the ContoinerCoro 76 NelDistillers 2534 2334 1Worthington 51 5117 same time reduce its offering contCon -'7 47' NatGypsum 391 7 3914 I V- of 182-day bills from $600 milpitihth prod Oro ca' Ca' NYCentrel 1614 1717 YaleendTowne 3111 31117 crentcc 63'7 64' NinoMPow 4711 4734 I -Z- 1 lion to $500 MilliOn rownlener 60'7 6034 11011 1101 119'1 1923ii ----T- 2 Selling Is By December OrAftetws 4:30 PMeme Action tOrtioConatiectri tape GOODBODYItt CO "We don't know what the po tential Is hut we think It's ler rifle Actually vending is not new to us We've been din pensing locaCola from ma chines for 27 years" 1 1 Group Insurance our Group Insurance osdate? Wholesale Trade WASHINGTON The Census Bureau estimated that sales of merchant wholesalers declined by five per cent between August and September mainly because of fewer business days in September The drop was from $124 billion to $118 billion These figures were not adjusted to take normal seasonal factors and trading day differences into account The report estimated wholesale inventories at $13 billion virtually unchanged from August The new company will work from thp Cora-Cola Wiling plant in each community where It operates Huss says his machines have not started selling wrist yet Rut he's keeping a close eye on the hosiery business lie can tell yint cities NA here As many as 1700 pairs of hose are sold from a machine in a single Week Phone IR 6-5938 or ED 4-6058 Gulf Life offers modern group insurance plans flexible underwriting mYoP7fC'uthari rr ta 'rr ta rtre7 rpin CHIC AGO (AP) Grain futures prices turned generally within srnall frmtiom previous closes today in early transactions On tOO Anord of Trade Pre erg IMO the Activity AnnoArod to he conlnd mainly to speculative traders And that the market WM her-rein of new influences During the first everel minutes 9OO1S and losses ware about equal both in numher and range The feed grains again showed a ten cloncy tnward firmness imported by Scattered processor buying Activity in the wheet oil continued etuil Wheat was unchanged to onInurth cent a bushel lower at the end of the first hour December $202I corn one eighth tO One half higher December SI on' oats onveighth to three-eighths higher December ea is rye Onwftsurth rn higher December Si 391a snybeans fiyeeighths higher to oneeighth lower November 40' I CHICAGO (AP) Grain futures pricv totrvd gonerelly within sinell troctions Of previous closes today in Arty trensoctions On the 800rd of Trade Pre art seitt the activity eppeered Po he coolnod meinly to soeculotiv traders And that the mark et was sr ten of new influences During the first several minutes 9AinS sod losses were 'shout equal both in numher and range me feed veins an snowed a ten- rioncy toward trmoeSS Surported by kattered processor buying Activity in wheet clit continued MAI Wheet wos unchanged to onefourth cmt A bushel lower et the end of the first hour December $2021 corn ore- to one half hmher December II n91 oats onveghth to three- ighths higher December mi rye BUSINESS FOR SALE TAKEFORinstancecigarets You can huy a carton of cigarets in supermarkets and drug stores for about 80 This is about 18 cents a pack )'et the same package costs 23 cents in a machine Here's why says Russ The xendor has to pay the same 18 cents a pack for his cigarets On tnp of that he must pay an annual tax of $IO tin each machine that costs any where from $300 to $430 4 Take over highly sitccessful xclu sive distributorship in RALEIGH with excellent immediate income from substantial number of active accounts Z7 Itl 51r----4 1 I've rail 1 eirtfA I ot-Pt 1 0 Family illness of current dietritmior tOMPON him to give up this profitable prestige business THE NEWEST gadget being dispensed is a disposable tooth brush for people who forgot to pack theirs N4hen packing for a trip Tooth paste is packed with the brush and is good for a couple of massagings before being thrown away George Snyder president of the CocaCola Bottling Co of Charlotte discovered a machine used to dispense smoking tobacco while on a recent trip to the Caribbean He brought the gadget an antique of the MO home with him The mechanical salesman is believed In he the first coin salesman since the Greeks marketed their holy water machine in 219 Failures Decline Today's Trade Trends With Security PLUS Dow Jones Averages eanllq ENG NO EXPERIENCE NECESSARY If you have some business Atitril or executive abilitv van devote full time and effort end make an inventory Investment of S12500 you can become an important mem her of nationwide organization with over a quarter-century of solid sucrose Write including brief hark ground and phone number in The store or restaurant in which the machine is placed also wants its cut The IVPII cent margin between 18 and 25 cents doesn't guarantee any ono much profit after machine cost maintenance and (az and that why the rigaret price Is 39 cents in some places NEW YORK (P Dun and Bradstreet Inc reported cornmrcial and industrial failures fell to 304 in the week ended Oct 28 dropping from the 11- week high of 398 in the preceding week Casualties likewise were below the year-ago level of Furnkhed By Bache and co Prey Close 11 cm 12 in 389004)0 900000 169004)0 70683 70732 70635 14833 14843 14925 110 57 13075 13085 1 Thu Same Protection and Security 0 That Is Demanded by Insuranco Companies and Other Financial ihititutiOnS Is Extendad to YOU 1 We Welcome tho Opportunity I Explain the Plan Which Enables 7 You to EARN MORE and LIVE l'f: I BETTER i Tirst Matipos Seerity Corp Sot sinews leavme Molten isc 0 Volume Industrials Railroads Utilities PRESIDINT Bow P4-60 C6 ObsorversNows 001111111NWPISIN 0 IMINIIIIMMIPOIC '4.