Detroit Free Press from Detroit, Michigan • Page 19

DETROIT FREE PRESS Tuesday, March 7, 1950 EVERYBODY'S BUSINESS U. S. Accounting Is Defended TREASURY REPORT WASHINGION (APi The position ot the Treasjry, March 2: Budget receipts, StS5.540.189. 85: budget expenditures, SI 20: rash balance. 4.897.- WASHINGTON (JP) A gen Car Output Is Speeded 024421.8(5: customs receipts lor month.

S4.0tsa 485.98; receipts, fiscal year. July eral accounting officer accused the expenditures. fisc.aH 1. 524.142.462,4(53 13: i S27 87- budget deficit. S2.938.

104.023.74: total debt, Citizens Committee for the Hoover Report of "abysmal ignorance" about the Federal Government's accounting system. 24.922 33- increase over previous aT. S19.071.398 03; gold assets. $24.344. Frank Weitzel, assistant to the lard.

10.75 LARD CHICAGO AP i Cash cents a loose. 9.o. Comptroller General, also told the Senate Executive Expenditures obvious that Congress should step in and clean up the accounting mess once and for all." Johnson set forth his views in a letter to Robert L. McCormick, research director for the Citizens Committee, who read It to the senators! The Expenditures Committee is studying a bill to overhaul the Government's accounting procedures and establish a new office of Accountant General in the Treasury Department. COMPTROLLER General Lindsay Warren, Budget Director Frank Pace and Treasury Secre Committee that the committee tary Snyder now are working together in an effort to improve accounting procedures.

They oppose the bilL Weitzel said the results being achieved "are more than sufficient to justify continuance of the co-operative effort." Suggestions that the three agency heads are "stick-in-the-muds" who "won't do anything," he said, are "almost slanderous." The Citizens group was forced to press for action on the Hoover Commission recommendations for reorganizing the executive branch of the Government. Hoover is scheduled to testify Tuesday. lacks a desire to learn about the system and the progress being BY LEO DONOVAN Free Press Automotive Writer Now that the coal strike's settled, the auto industry is relieved to know it can continue its record-breaking production. General Motors is keeping a close check on its suppliers to be sure there won't be any supply interruptions before it decides to go back on a six-day week, if then. But it is generally admitted that with one of the most prosperous sales seasons indicated for this spring, dealers are not adequately stocked to satisfy, manufacturers' estimates.

And production in heavy volume i ii th answer. car divisions have been breaking LOW-PRICED STOCKS made towards improving it. THE EXPENDITURES Commit tee earlier heard from Dr. Robert Lk Johnson, chairman of the citi zens group, that "after 29 years of poor accounting, it seems to me output records, with the exception EVEN THOUGH assembly lines WALL STREET Martin Gets Orders for New Planes NEW YORK Placing of orders by two airUnes for 65 of the Glenn Martin new 4-0-4 twin-engine passenger planes was announced. Deliveries of the planes, which carry 40 passengers in a pressurized, air-conditioned cabin, will begin in the spring of next year with 35 going to Eastern Air Lines and 30 to Trans-World Airline.

The two transactions, said the Glenn L. Martin involve approximately $35,000,000. IT WAS said to have been the first time volume orders have been placed for a new model twin-engine airliner in more than three years. Both airlines were known to have been looking around for some time for a new twin-engine plane to supplement their fleet of Constellations used on high speed, through flights. The new Martin 4-0-4 is said to couple unusually low landing speeds with high cruising speeds.

It is particularly suited for intermediate distances and for serving points with airports that are too small for the bigger four-engined planes. AMONG ITS features are hy-draulically operated, built-in steps and provisions for passengers to carry their baggage on board with them both of which cut down the time between a landing and the next take off. inancial Shorts All Good Quality All Dividend Payers Many Under S15 We have compiled thii FREE list of 20 low-priced stock which we consider undervalued. List sent upon request Baker, Simonds Go. Established 1920 Member Detroit Stock Exchange Buhl Building Detroit 26 WO 1-370 The furniture and home furnish the ending of the boomlet with coal strike." ings industry is leading the retail field and is most optimistic as a result, Michigan furniture merch Stocks Hit New Peaks, Then Slip ants were told at Hotel Book- Cadillac Monday.

In most GM plants operate at their present March schedules, some lines of cars may not be immediately available for delivery when the spring rush begins. "Particularly is this true of the Buick "Riviera," the Pon-tiac "Catalina," and the Chevrolet "Bel-Air," line of "hardtops." "We'll be glad, to continue at the pace we have been maintaining," said a source close to top GM production experts. Our schedules for March don't contemplate any overtime, but operations will be normally good." FOR THE FIRST two months of this year, GM's five passenger The sales trend is so good, ac cording to Roscoe R. Rau, execu tive vice president of the National the organization of the Neder-landsche Fabrieken, N. V.

assembly affiliate in Rotterdam, Holland. Accelerate Lightly Bill Stroppe, the 30-year-old winner of the sweepstakes award in the Grand Canyon Economy Run, visited the Lincoln-Mercury Division Monday to see how they produce the Mercurys with which he took first place. He advised motorists who want to save gasoline to step lightly on the accelerator, have more patience with a cold engine, and start away slowly from signal lights. The fast pickup and rapid shifting of gears will likely cut your gas mileage in half, Stroppe said. Racing your motor on a cold winter morning, quick stops and sharp right turns also use excessive gas, he said.

Seasonal change of oil is a must, and exhaust lines and muffler should be changed every 30,000 miles, Stroppe said. Harder to Speak "Our Jobs Are Bigger Than We Think" is the. subject df an address to be given Thursday, March 16 in Hotel Book-Cadillac by Del S. Harder, vice president, manufacturing, of the Ford Motor Co. He will be the principal speaker at the national passenger car, body and production meeting of the Society of Automotive Engineers.

Maharry Appointed William A. Maharry has been appointed assistant manager of public relations for the Lincoln-Mercury Division of the Ford Motor according to an announcement by Charles E. Carll, director of public relations. Joseph E. Bayne, general sales manager of Lincoln-Mercury, announced the appointment of Joseph C.

Clennan as sales promotion manager for the Midwest regional sales office. Retail Furniture Association, that the industry "could experience a 01 auiuac. Cadillac output slipped slightly in February from its unit production for the same month a year ago. The Ford Motor Co. announced that with the settlement of the coal strike it will continue this week on a nine-hour five-day schedule at all assembly plants in the Ford division.

Lincoln-Mercury assembly lines will operate on a five-day eight-hour schedule, except at the Rouge plant, where the Mercury line will operate on a nine-hour day. "THERE IS NO Saturday work scheduled so far," a Ford spokesman said. "But last Saturday the Kansas City assembly plant worked to turn out 290 Fords and 90 trucks. This brought the week's output to a new postwar weekly record of 38,723 units." Production accomplishments by General Motors and Ford emphasized the misfortunes of the Chrysler which was reportedly losing $10,000,000 a day in business, while its suppliers' losses were pstimntorl at Si 000 OOO a Hair MORTGAGE LOANS APARTMENTS STORES HOMES February sales of furniture are running 9 per cent ahead of a year ago and two out of three stores are beating 1949 on dollar levels, he said. "The resulting delivery of back orders could push and keep sales on a high level well into the third quarter," he declared.

Maury L. Nee, of Washington, association president, credited television with assisting the sales figures of the industry. As a result of TV, more families are spending more time at home and constantly improving their home surroundings, he said. The occasion was a one-day regional meeting of the FTC Nominee NEW YORK (3s) Persistent selling knocked down the stock: market's attempt to rally Mon-? day as soft-coal mining was resumed. Trading hit a lively pace in! early dealings to push the average I level of share prices to its highest; in more than three years.

But this uncovered ready offerings of stock and many gains were reduced or1 erased. We Co-operate with Brokers Is Virginian WASHINGTON (JP) Martin A. Hutchinson, Richmond (Va.) lawyer, was nominated by President Pfeiffer Reports 1949 Peaks Truman to be a member of the Mortgage Correspondent Metropolitan Life Ins. Co. GREATER DETROIT MORTGAGE CORP.

ANDREW L. MAI.OTT. Pres. 317 W. FORT ST.

Federal Trade Commission. Even those issues which stand to benefit most from replenished WO 2-9600 On an increase in 1949 sales i Alger F. Malo, city traffic engineer, will discuss "Detroit's Traffic Problem" at a meeting of the Detroit chapter of the Michigan Society of Professional Engineers Wednesday at Rack-ham Building. of 31.5 per cent, earnings of i Pfeiffer Brewing Co. rose 75.7 iSames trirard per cent, President Alfred Epstein Walter de Martini, vice presi-disclosed in the company's annual dent in charge of sales of the report.

Kaiser-Frazer announced Hutch inson was an unsuccessful candidate for the Senate in 1946, running against Senator Harry F. Byrd hinson, 57, was named to succeed the late Ewin L. Davis on the i sion. The nomination is for the un SUMMARY New York Stocki Irregular: late eellinr hits leaders: ules 1.470.000 shares. Bonds Higher: rails In cautious d-ance salea $3,690,000.

Cotton Lower; commission house liquidation. ChieaKO Wheat export houses Com Firm: late rally; expect sales to Italy. Oats Steady: trade Hirht. Hoes Steady to 25 cents hierher; top Cattle Steady to BO cents higher: choice absent. Detroit Investors! Should You Sell these Stocks? Appointment of Charles Neiv Issues Off 17 Pet.

WASHINGTON (JP) Business firms registered offerings of $5,333,362,000 worth of stocks and bonds with the Securities and Exchange Commission during the 12 months ending last June 30. This was a drop of 17 per cent from the previous year's record high. The figure was diclosed when the SEC sent its 15th annual report to Congress. SEC advanced no reason for the drop but noted that the fall-off in stock offerings was much heavier than the reduction in bond registrations. Sales were lifted to barrels in the year, comparing to 1,093,625 in 1948.

At the same i Maurer as vice president and general manager of Radio Distributing Co. led a series of staff pro Babson'a opinion as to which of these or other stocks to HOLD or SELL may save you Hutchinson a steel and were targets coal supplies, such railroad companies, of some selling. Am. Tel. Tel.

Anaconda Copper Bethlehem Steel Brooklyn Un. Gas Chesapeake Si Ohio Cities Service Comm. Edison Cona. Edison Lakey Profits Suffer Slide losses. Simply check expired portion of Davis term which ends in September, 1953.

those you own, OR LIST 7 OTHERS YOU motions announced by President G. N. Tobias. The others include elevation of R. A.

Graef to sales supervisor of the radio and television department; H. A. Wind to sales supervisor of the major appliance division, and M. G. Whittingham to assistant general manager and head of the floor-covering division.

GAINS AND losses were largely When Hutchinson ran against Continental Oil Diamond Match limited to fractions of a point. Of 1,113 issues traded, 410 advanced OWN OR INTEND TO BUY, and mail this ad to us. We will tell you if clients have been General Electric and 401 declined. General Motors Homes take Mining Byrd in 1946 his campaign, literature described him as a "liberal, independent Democrat" and a "loyal supporter of his party and its candidates." New York Centra Niag. Mohawk Pwr Perm.

Railroad Safeway Stores time net income reached up from $2,143,987 in the previous year. Other entries on the Pfeiffer balance sheet reflected the year's growth, Epstein pointed out. Working capital of $1,981,883 was an improvement of 106 per cent and cash rose 112 per cent. Total current assets were at $4,581,744. Epstein explained that expansion of production to barrels a year would be carried out in 1950.

He said the company's policy of adding to facilities only when the need was supported by increased demand would be continued. Optimism on the outlook for the brewing industry as a whole also was voiced. "The industry is In a long-term growth trend," he said. Stand. UU, Cal.

Stand. Chi. N. J. advised to HOLD or SWITCH them.

(Plee print your 1UOI0) No cost or obligation. Writ Dept. DFP-311 Dividends The Associated Press 60-stock average, after touching 74.4 around noon for its best showing since Aug. 26, 1946, beat a retreat and finished unchanged from Saturday at 74.2. Trading hit a pace of 1,470,000 MUSKEGON Lakey Foundry Machine Co.

reported net profit of $58,502 for the quarter ending Jan. 31. The figure compared to $112,781 for the preceding period and $365,798 for the corresponding quarter a year ago. President J. O.

Ostergren said that the firm had added several "sizable" accounts recently. "Competition is extremely keen," he said, "and improvement in earnings must come from reduction of costs and increased sales volume." Studebaker Transamerica Produce Market Mrfcrt News Service 'ollowin(r prices per dozen were paid b. Detrott by f)rst receivers for case lots of Government graded eggs from grading stations. Mondav: WHITES U.S. Grade A.

Jumbo. 42-43-large. 3. medium. 33-35.

V. S. Grade B. I rrge. 33-36.

BROWNS f.S Grade Jumbo. V- rV Grade B. large, 33-35. io large. 29-31.

U. S. checks, -9 Paying prices per dozen, f.o.b. Detroit, for commercially graded eegs- CONSCMR GRADES Whiles: Grade A. extra large.

37-38: large. 36-38: mediums 33-35. Browns: Grade A. extra Irrge, "j-36: medium. 32-34.

WHOLESALE EXTRAS Whites: Large 4-3i: medium. 32-34. Browns: Large, U. S. Steei F.

W. Wool worth Zenith Radio Mechanical Rubber Products announced appointment of Gerry L. Gitre, formerly with General Motors as its Michigan representative. O- McDonald-Moore Co. and H.

V. Sattley Co. were purchasers of a $58,000 issue of Onekama Con shares for the day, somewhat above last week's average, but slightly below that of last Friday, BABSON'S REPORTS Welletley Hills 82, Mats. STEVE GIRARD New K-F sales boss the appointment of Steve Girard as general sales manager. Girard, who became associated with Henry J.

Kaiser interests on the Pacific Coast in 1938, has been at Willow Run as vice president of the K-F Export Corp. since 1946. He represented the company in American Metal Products Co. Quarterly of 40 cents a common share, payable March 30 to record of March 15. The company paid 25 cents a share in each of the first three quarters last year and a year-end dividend of 50 cents.

I Per. Rate Rec'rled P'ble Irregular when 1,510,000 shares were trans solidated School District (Manistee ferred. county) Bonds worth 2V2 and 2 medium. current receipts per cenc coupons. The bonds are ii-ascB inciimea i dirties.

29 STOCKS OF coal-carrying East i-a; rnecKs. Market steady to 10 years and are being reoffered iirrn, prices on quality lancy graded stock held, current receipts, dirties and checks unchanged to higher: demand very ern railroads, steel companies and automobile producers were leaders to yield 1 to 2 per cent. Detroit Stocks in the early rally. But U. S.

Steel good: receipts moderate; some quarters report shortages of lowest priced offerings ton range large A whites meeting inter- Harold L. McCammon has been backed down to close unchanged MONDAY MARCH 19.VJ Close transferred from Indianapolis to at 31. Sale. I (Ml ueaier pressure to clear. Detroit Butter Hieh J.ow 1 1 1 1 Ainriu-nrth Mfr Calaveras.

L. A Timber Increased Glen-Grey Shale Br. Regular Canada Floor. Cannon Mills Do Consol Invest. Tr.

Holly Develop. Mathews Conveyor Mobile Gas. Svc. Murphy Paint, Ltd. Smith for.

Type Univ. Leaf Tob. Chrysler continued to show 1 rt .40 8 13 3 30 .10 3-15 3 28 .15 3-15 4-1 .75 3-1 rt 4-1 .75 3-1 rt 4-1 .25 3-15 3-29 .01 3-31 4-25 .37 2-28 3-10 .40 3-17 4-1 .20 3 15 3 31 .25 3-14 4-1 .30 4-12 6-1 take over as assistant branch manager of the Victor Adding 1(1)1 Anif-r 1 1 r. strength in the face of its long Butter Prices to retailers and institutional users. lb.

and 1 lb. prims: Grade AA (93 score). HS-72. Grade A (92 score. (5C-70.

Grade (90 score I. 65-67. Trading and prices highly irregular: jobbing sales Aiacnine uo. in Detroit. Highest Prices Paid For Wast Paper IBM Cards Scrap Iron Old Furnace Scrap Metal Surplus Any Type Salvage Also Suppliers of: Wiping Cloth New and Used Cartons Dial TR 5-5750 for City Wide Salvage Pick-up Service 11 IB io 14 35 7 iu kW 14 35 i 7K 23 5, a a ana ranging unchanged to 1c lower- Vawtar, I 2M) Arner Mf tal I'rod lri Avcii Cfirn 7 Bililwin Hub 10H Burroueh Ad Mh 14 'u t')inumr com 3" Dot Upvp Nav 7 Detroit Eiiion 2:1 10)1 Det-Mich Stove 7 100 Del Steel Corn Grain Pit balimce unchanged, overall demand onlr fair: supply ample: 89 score available at o--oo c.

1 i.ni(.xhu lAfi Buying: which came mainly from export houses jumped wheat strike shutdown, gaining at 66 ij, and General Motors moved up hi at 76 Vi. Lustron Corp. Gets Receiver COLUMBUS (JP) Federal 3iO Frankenmuth Brew 'i' njtjtii a t-eiiis Monaay, senaing a number of futures contracts to new hurhs Detroit Poultry Live poultry Paying prii'es per lb. fob Detroit, for No. 1 Grade: Fowl, heavy tvoe, Earnings BOO Friar Ale Brew .32 The strength in wheat, which developed about midway in the session rescued the 29-31): light type.

23-24 'a heavy type, fry Quarter 1950 i (ne niarKPi irom its leioara-v. ers. -io-3: broilers, 3-3H; old roosters, 21-22. Market and demand very quiet: Everything else ended a little hiirher. ex Emerson Kadio prices unchanged: trading inactive, early cept September nre.

after rinirinr im Insso. 1949 Rate 808.845S1.39 8.550.943 1.28 during early dealings. Mortgage Loans ON COMMERCIAL PROPERTY In major rvtail centers end In strong neighborhood locations. Distillers lorp S'grams STAINLESS STEEL HEADQUARTERS receipts confined to IO loads; suppliei fully ample- operating policy cautious weekend clearances excellent. heat closed 1 to 2 cents higher, March 2.24 4 fnrn was li in mni 11.234 472 Six Months Judge Mell G.

Underwood named 23 22. .35 5U 12 11 11 7i 3 3 1 42 1 17 17 3 13S 4 39. 11 1.1 higher, March 1.2!i. Oats were i-k 12 11 11 7 3 5 3 fi 1 42 2 1 7i 17v 17. 4.

') (jar vv ooi ina 2o) Gemmer Mfe Goebel Brew 27.1 'Greyhound Corn 1O0 'Have Mfe- 1. 'iti Howell Electric 2)po Hurr Coro 2. Kaiser-Krazer 1 00 Kinsel Dnif KreseeCo SS 40)1 Dansinc Stamping 100 Masco Screw Prod 100 Murrav Corn 1.10 Nat Auto Fibres 25o National Stamping 325 XY Cent RR 1232 Packard Motor Parlrp Flavis Cn Chlcaro Butter and Ergs 22. 732.922 19.853.354 2.59 Clyde M. Foraker, chief of the field division in the local office CHICAGO 1.4 P) Live poultry steady 22 .35 5H I 2 11 11 35, 3 B' 1 42 1 i-k 17 17 3 13 -N, 4 30 II 15 2Ti 2 12 22 13 of the Collector of Internal Reve Sheets Strip Plates Circlet Wire An; Quantity From one pound to CL at mill priee.

Rounds Hexes Squares Flats Tubing higher. May .70 i-S4. Rye was i lower to higher. May Sorbeacis were -l1 higher. March Lard was unchanged to 10 cents a 100 lb.

higher, March S10.75. Range of futures: heat Onan llivh Monday: receipts 21 loads: prices unchanged except to cent a lb. lower outside on heavy hens; hearw hens 25-29. light hens fryers 3.3-34. old roosters nue, to be the receiver for the Distillers Corp.

S'grams Am Brake Shoe Brit. Am. Oil W. L. Douglas Shoe Duke Power Elgin Nat.

Wat Hammerhill Pap R. G. 1 Tour- 3.987.S44 7.879.084 783.322 10.578.418 1.021.759 1.027.062 Lustron Corp. 5.184.317S3 .23 12.303.456 2.62 431.461 8.198.811 8 36 1.710,272 2.03 1.402.072 2.42 2.747.8221.47 MOKE COOPERATION March 2.29 2.24 'i 2 211! "244 May 2.154 2 2 1 i. 417(1 39 i Underwood earlier had approved a plan worked out by attorneys 400 Peninsular Mil Prod July 1 1.97 T4 1.961.

1.977 1 I 2 11 it Chicago Potatoes CHICAGO (API Potatoes. Monday: Arrivals 181. op track 240: total United States shipments Friday 1.014, Saturday 722, and Sunday 17: supplies moderate, demand good. Market slightly stronger: Livestock BY ISUA CATTLE: Salable receipts 2.200 Re-cepit? were much the same as for recent Monday but rjrnvd fdurhtl.v excessive for current d(-n)ai)d ex-eDt at pnee concessions. Traiinf wa.s f.iirly active on ODeu)nr rounds, but uncovered considerable uneven-ness after mid-mrirninif altbouvrj crelitatle clearance was effected.

Steers and heifer were mostly steady to weak, with an increased quota of better srrades noted. Cows and hulls finished weak to lower. Stockers aild feeders were limited larjrelv t)i two loads of Canadians and sold mostly 50c higher. Most Hurh Medium to Hieh trood lb. fed steers turned at 25 with a load of high rood 1.190 pounders at S27.50.

Bulk of these were Michigan fed offerings. Most Common and Medium, largely Medium lb. steers and heifers cashed at S20 some Dlanier kinds at $1900 or below. A load and odd head lots of Good SSO li. fed heifers brought 25 on with medium pounders at S2300.

Bulk heifers sold from down. Most ommon and Medium cows turned at SIS. 75-17. 5'). a sprinkling of Good voune cows at 18 00 upwards to for fed kinds on the heifer order.

Caiiners and Cutters bulked at some lie-htweitrhl. shelly kinds at S12.50 down. Most Medium and Good bulls hroutrht odd head rea'hina 22.5((. Cutter and Common bulis rancred al 7.00-19..1O. Medium and Good 43 ami 521 lb.

Canadian stockers sold at while a part load of (jf)8 lb. offerings brought S24O0. CALVES: Salable receipts 500. Vealers were mostly weak to Jl 00 lower in a ilratk'y market. Good and choice (Trades bulked at latter price late ton.

although odd head S31.00 early. Common to sood eradeq ranted sis 00-2700 and under 50 lbs. sold downward to S12.0O. HOGS: Salable receipts l.fiOO. Receipts across the country were rather small and prices tended upwards.

Local market wag mostly 2.1c hitriier for barrows and pilts. with sows steady. Bulk barrows and trilts averaijinir lbs. turned at iO. latter price practical ton and takinsr most 1KO-220 lb.

averages. Bulk 255-300 lbs. hots turned at lt25 and S16.50. with 300-400 lbs. at Bulk 1KO-17U Ihs.

sold at S1H 5'. and 140-155 lbs. at S15 .10. Most sows 4f'0 lbs. and below hroueht S14 75 and S15O0.

with heavier sows at S13 25-14 50 Stars rant-ed $11.50 down. SHEEP: Salable receipts 1.200. Broad demand riuickly absorbed the crop. Lambs ruled strong to 50c hither and sheep steady. Fed wooled slaughter lambs were relatively scarce, most good and choice 85-100 lb.

kinds at S27. 50-28. )i0. latter price top Some medium and (rood lots made Several hundred eood and choice fed shorn lambs, mostly with No. 1 and 2 pelts and averaging 87-95 lbs turned freely at mostly S27 00, whiie about (id head of mostly choice offerings brought $27.2.1.

Some medium and pood shorn lambs turned at 00. A 40-head lot r.f (rood and choice 107 lb. fall shorn yearlintr wethers brought $23 00. Some (rood heavy ewes sold at $13.00. but choice hatidvweiirhts eligible to $1400-1500 were lacking.

till and common ewes turned at Sfp. 19(1 1.98 1 961. 1.98 Dec. 1.98 2.00 1.984 2.00 for the prefabricated-housing firm 15 921.717 neau Southern Nea: nr orn W6I0 (raeck 1 6030 lymeiitk VI. K400 March All Stalnltu Stul Alloys ant Flnlshn Wt shear and tilt to customers' reaaiwnentt Largest Stainless Steel Stocks In Middle West MARK HARRY JACOBSON 7348 St.

Aibls at East Grant Blvf. Detroit 11. Hieh. rhone TR TK TR 1--J147 and the RFC. Under it, Lustron will be allowed to operate another 2.05 2.08 5.351.142 903,285 Teleph.

5.732.044 Towmotor Corp 652.671 July 1 .29 i 1.3(1 1.29 1.25 1.17i 1.29 'i 1.29 1.28 i 1.24 1161, 1.29 1.29ii 1.28 1.24 1.18 14 Colorado Red $3 0.1-35: Idaho Russet Btirbanks 3 50-9O. I'tilities $3 20-25: Minnesota-North Dakota Red River Valley Pontiacs S2 .85 washed. Nebraska 30 days. 3.052.840 3.823.382 1.82 MM) r-epsi-Loia 2.12 RCA 1O0 Rickel HW BOO Rudy Ml? 275 Pcotten-Dillon 190 'Sinclair Oil 17.1 "Socony Vacuum 5 S. 'Southern Co Standard Tube 10.1 Timken Dct Axle 400 I'dylne Corn 120) 'United Corn 400 Warner Aircraft 12.

IB" 13 N. 2S 1 .1 10'. 3 .85 1 2 22V 1 fi 13 2 s. 1 .1 11 4 .85 Sep. Dec.

Oats-March Mav Bliss Triumphs S3 00. The RFC filed a foreclosure action 12 days ago against Lustron, claiming the firm was in default on loans totaling $37,500,000. i.i io 4 85 VISIBLE GRAIN CHICAGO (AP) Visible hyivania tiec. Prods. Am Wat.

Wks. Com Ith-Ed. Link Bell. Brillo Mfg. Gen.

Tel-ph Warren Fdry. Pipe Spiegel. Inc. Nat. font.

.63 '4 .62 July .70 .63 '4 .62 7i .701 .62 7 .62 14 supply of 2.387.279 24.219,263 11.731.863 360.459 3,282.656 897.521 2.404,283 6.184.953 wheat decreased 2 .013.000 hu. to 2.196,655 29.301 .334 7,9 76. 597 533,513 3.039,977 563.151 2.037.551 2.587.621 ep. 167.33H .81 2.13 9.73 3.57 2.16 3.31 1.01 .95 3 44 8.76 ikki bu. (his week, the Board of Trade Mnnrlgn fnrn daA.OQUH 1 AA'l 1 i 1.29 1.39 V.

1.29 1.2514 1.17 74 .70 .6314 .62 7i .64 1.344 1.36 1.38 1.41 -4 2.44 i 2.43 2.39 1.99 2.91H Dec. Rve Mav 134 '4 FEDERALLY INSURED July 1.36 14 to 12. 732. (tOO bu. Oata decreased 184.000 to 12.28(1.(1(1(1.

Rre decreased to 7.M3.000. Rarlev increased 78.000 to Total pales. 17.78S shares. Unlisted tradine Toronto Stocks 12.227.3(52 5.0HO.S91 Nat. sup sep.

Dec. 1 .39 35,990.827 33.794.170 527.00(1. Soybeans decreased to I coca-cola K. 77o.0(. 1 'Net t'osg Number 7 of a series THE INVESTMENT BANKER I 1.33 i 1.35 1 37 Vi 1.391.4 2.4 1H 2.41 2.36 1.97 1.99V4 1.35 1.37 1.381,4 1.41 14 2 44i 2.43 Vs 2.39 1.99 2.01 0 ACCOUNTS Soybeans March .43 i May 2.42 July 2.37 Fir New York Curb Exchange SPECIAL Nov.

1.98 Ii Jan. 1.99 Vi I rd March 10.75 What May Sales In Mills is 10.77 10.90 10.95 11.15 11 15 10.75 10.9O 10 95 11.15 11.15 10.65 10.77 10.9(1 11.10 July 10.9(1 Close Chr. 4 GenPlywood 5 Close Che. 2 4- 23 10 Sales in loos RioGrValG 12 RolaryElS 5 Kowet 5 RoyalOiI 20 2 ep. II.

Ill Oct. 11.10 3i GentyMicn GlantYell 6 Issue Close Issue Close Aunor 3.2.1 New al l.ti Bralorne 9.20 Newnorth .03 Giant I.k 6.15 Nicholson .51 Gillies Lk .07 Vi Nipissiiiir 1 Hard Rock .41 Noranda 6S B.I Buff Ad .14 O'Brien Cal Ed 7.10 Pamour 1.4S Thestervle 1 Paymaster 30 Dome 18 IM) Pick Crow 1KB Eat Malart 2.43 Pore Reef Frobwrer 2.33 Preston 1 Hollinirer 10.B5 San Ant 3 .1.1 Hud Bar 44 OO Sherritt 2.23 Kerr Add 18.00 Silancrt .25 Labrador 4.25 Steer) Rock 2.44 Lake Shore 12.75 Sullivan 2 B.I MacLeod 3 .30 TeckHu 3 00 Mad'en 3 O.l TransReg 4f) Malartie 3 35 UnnerCan 3 40 Mclntvre 62 75 Ventures ft.20 8H '4 4- hi 16 15 Wheat range at other prineipa hnarkets: All funds and deposits received by us en or before Tuesday, March 14th, will earn dividends from March 1st. 1. No charge for our services. 3.

Withdrawals on demand. C. N. DAVIDSON CO. 401-3 Dime Building DETROIT 26.

MICHIGAN WOodward 3-3223 4- mm i.ow t. lose 26' 11 GlenAldCoal 21 GlobeLn 13 GoldfieldCon 7 GrahamP pf 7 450 2.14 btLawrp 12 Kansas City Minneapolis 2.204 2.S1T4 2.21 lo di ti 15 143 16 13V4 30 4-7, 3 SallDomeO 30 an Investment Banker HammerPap Hartf Ray HathBak 15 5 SeliulteDA ScullinStl SegalLock Sclectlndus PAINT SUPPLIES SAVANNAH. Ga. (AP Turpentine. 43 Monday; offerings and sales none: receipts.

283; shipments, 3.194; stocks, d.in-.'. Rosin Offerings and sales, none; receipts, 13; shipments, 831: stocks. 26.B73. Rosin unchanged. Hazeltine HollCGoM HubbellH 10 4 SentinelRad 15 4-1 3H 7', 2l 4- OO 11 19 'i 9 20 4-18 18S 11 ImtiOil ShellerMf SolarAirc Do reg 54 IntProd xd Iowa 111 ADVERTISEMENT Sonotone SCE4.88pf 59 304- G4K wrt i 29 10 i 19 1 12 9 5 15 13 9 5 12 10 3 12 6 5 67 5 12 29 18 8 6 26 Puts Wings On Finger si 5td( Do pt Iowa wd 7 IrvinrAirCh 3 StdOilKy 37 4 4- T4 JeffLakeS 6 JimBrownStr 2 KaiserFraz 107 Do StdThom StarrettC'p Sterllnc Technico Kawneer 3 3 II JO TriContwar 5a: Ss'i Kings! Lt KirbyPet KroppFor LakeyFdy LaSalExt 23 6 8 4-3i 4-6N.

17s 4-T 16'i 2 6i 5H 15 4- 18 25 1 14 30 1 4 lungholL Do nf 3 12 5 8 4 4 rnexcellChem LeTourneau UnionGCan 11 CnitCorpwar 10 Lionel'-P LoneStarG LonelsLttr 13 10 43 6 4- 54 17, 4-3 'A 11 12 2 14's 4-A 40 7n 4-44 17 4 5H 4-6- 8 lli 7 Donewwi 353 The Investment Banker is an essentia and vitally factor in America's Free Enterprise System. He is a merchant oi securities. As capital is needed by industry he provides it by undei writing and purchasing entire issuer of securities. These securities, stocks or bonds, are then sold to other security dealers, institutions, and individuals. As Investment Bankers our experience and facilities can be service 'urthering your financial needs.

We invite the inquiries of established companies. Sales In KMls Close Che. Ainsworth 17 11 AlaskaAirl 5 4 AIumLid 8 49S li 11 9 4- AmMfg 12 1 Ani.Marae 5 3R AmM-tPd 8 16U AmMeter 2 55 as 4- i AmKepub 24 3D1, 4- AmSupcrpw 26 A AngTrOil 575 12s AngWupp 6 3 2 4- Areuslnc 5 37m ArkNGas 39 US Do A 144 12 AshlOil 10 21 i Va, AtlanCFish 4 2 AtlasCpwar 12 574 AutoVMch 5 8 AyrshColl 4 12V4- BarmmStl 10 4 Vi BirdsSFd 3 8'i BlueRidire 19 4 10 19 Br Am Tb reg 1075 77' i BrownFDis 5 12 7 Brown Hub It 18 Burma Ltd 54 BurrvBis IO 4 a xd 15 6 A CalKIPw 4 8U CiinMarconi 22 3 CarrCBisc 29 3 4- i Catahn 4 5 Rt CenSlEIOpf 2 l.j CesenaAire 14 4 "ii ChambAm 1 7 4- a Chescbroueh 2 62 Vj ChiefOfng 6 CitiesServ 33 69 ClaudeNeon 46 2 CoionialAirl 5 6 ColonialSd 5U ColtsMfg 2T 484 ConsGEBal 5 76 ConsGasUt 4 14 i 350 81 4- 75 17i4- Corolne 10 10 4- '-v Cor Key 13 7 ('osdcnPet 10 7' CreolcPet 9 31 f'roftBrew lo l' CrownCIntA 4 12 4- I'ubAtiSug 4 20 'V 3 13, DetGravlr 5 2 V- Ik tSllPd 1 23 Domes! red 10 3 OomSt 4 17 7 14 Dowar 4725 i ht EastGasiF 4 3 4- EastSlaCn 4 3 75 19 Vs EmpMillw 4 6 9 lOll EquityCp 10 1 57 57 FordMFran 15 A FtPitBrew 7 16 "4 FoxPBrew 8 10 's FullerGA 36 124- GellmauMf 2 o'-j GenFinan 4 7' 1 GcnFirepf 4 48'g i .16 The at0 CS! Farmers' Market The followin? wholesale prices cover growers' sales of local produce. Monday: FRL'ITS Apples. Baldwin.

No. 1. 1 o'J Delicious, fancy. 3 No. 1.

2.25-2.75: Early Mcintosh, fancy. 2 OO bu No 1. 1 Northern Spy. i fancy. 2.5O-3.00 No.

1 1.50-1. 75: GrifniiiL-s. fancy, 1.50 No. 1. l.OO-1.25: Jonathan fancy.

2.75 No 1. 1.. 1(1-2. 25: Steele's Red, fancy. 2.5O-3.00 bu No.

1. 1.25-1.75: Wasener, fancy. I SO No 1. 1O0-1 25. LETTK'E AND SALAD GREENS Celery cahhat-e.

No 1. bu. VEGETABLES. MISC. Beets, topped.

No. 1. 1.O0-1.25 bu. Cabbape. No.

1, 75-UOe Red Cahbaee, No. 1. 1 bu. CaTrols. topped, fancy, 2O0 No.

1.25-1.75 Celery Root, No. 1. 1.75 'i bu. Horseradish. No.

1. 2.25-2.50 peck basket. Leeks. No. 1.

1.00-1.25 doz. bchs. Onions dry. fancy. 2.25 50-lb.

sack: No. 1, 1.00-1.50. Parsnips. No. 1.

1.00-1.25 bu. Potatoes, fancy. 2.7o lOO-lb. sack: No. 1.

2.25-2.4'). Radishes, black. No. 1. 1.2.1-1.50 Red.

hothouse. Uncy. 150 doz. bchs No. 1.

1.00-1.25. Rhubarb, hothouse, fancy, 70-75c 5-lb. box; choice. 50-t0c. Rntabaeas, No.

1. 1 bu. Squash. Hubbrrrd. No.

1. bu. Turnips, topped, fancy, 2.00 hu No. 1. 1.25-1 SO.

KGGS Lari-'e. 11.00-1200 30-doz. case: medium. IOOO-U OO: small. od il.oo.

TRANSACTIONS WASHINGTON (API The SEC re oorted these transactions by cus-I tomers with odd-lot dealers or specialists on the New Vork Sto-k Exchange foi i March 3: purchases involving 137 i 054 shares: sales involving 143.778 shares I involving 4.994 orders including 462 shares 4 3 4 12 6 3 4 5 50 I nitsnoe.M USAirCond L'SFoilB USRad Valspar VenezPet WagnerBak WalthWat Ward Bak 5S McClanOil MeadJohn MenascoMf Mesabilron MiehBump MidStPet MidWestCp Mid-WAbr MomsPR'p 1 8 25 4 2 13 14 2 9 war 6 Mount frod 33 2 1 JukPRingxd2 WiekesCp Woodallfnd fi4 8 Stock sales 4 vf ulerCo WnsrhtHar 4 Total Curb 6 74 4- 9 Vt 3S 4 13fc 8M, 4- 4 1274- 12 i i 3 12 A 374 33 1 53 8 1(1 i 17, 47 34 330. OUO shares Monday, Total Curb Slock sales year JatBcilH 'atKuelG atl'nRad (PtuneMct Zinc Did You Get Your Share? For current facts about companies, or securities that interest you. just write Department AP-21 Merrill Lynch, Pierce, Fenner Beane 9 10 14 16 4 12 3 8 17 ag-o, 1811.225 shares. 'Actual sales. xd-Ex-dividend.

DOMESTIC BONDS (tales in Sl.OOO TVMcrch lacHudPw oAmRay "o'castAirl 1 4 8 J-J IV. Close 111 106 1004 91 94 Ts 97S, 53 Eddie Bello makes a living' by putting wings on secretaries' fingers. By introducing them to the new SMITH-CORONA Office 8.1 17 53 4 8 13 CenStE15Hs54 Do bs 48 CitiesSer3s77 lntPSec7s57E xe Do 7s 52F Inters Pow deb ct ItSupPws63A Dttreit 26 To'ropAirc tfdenCp klaNGas acG4E(ipf 'ancoastOil 'antepOil vnnroad 'cpperell 8hl Baildini Telhos: WOodwsr 3-4670 11 1051, 93 3 3 5 99 60 5 250 4 2 4 4 5 Typewriter! If you'd like to learn how the new SMITH-CORONA can ifiKKir.v snvns OTHER MICHIGAN OFFICES: 90 Glendalo 6-5361 ErafX Rapid! Michiaii Trait C. BI.I Tel: lansim 121 W. Mlchioan Am.

Tal: 35 4- 36 i 11-56 19s 4-1 2 Lansine sold snort on i-t orders. The report for MaTch 4: 3,396 purchases involving 102.543 shares; sales involving 77.81(1 shares involving 2.679 orders, including 701 shares sold short on 18 orders. KI Of A1INNEAPOL1S API Flour in 10(1- Ib. cotton sacks Monday: Family patents unchang-ed. 7.15: Standard patents 10 cents higher.

5.70: shipments. 2.4SO. Standard nran unchanged. 44. Standard middlings 50 cents higher, 46 5(1; Red nii'-hanged.

4S.50. BUHL BUILDING DETROIT BATTLE CREEK LANSING 2-2121 CHICAGO BAY CITY Saoina Stecand National Bank step up YOUR typing speed, ease and accuracy, give him a call, during office hours, at LO 7-2029. NSW YORK GRAND RAPIDS hiJaUo 'iperAire 3itneyBoW leas "ressMet 'rodCorp taytheonMf uanisnionj nsoa Do 5s 53 2 5 Do 5s 1921 A Stln. i-r-4o4iKdt IO Total Curb Bond Monday. Bo 2i 2 47 sales Total Rpud.nts at Ann Arbor dial "0" and Ooerator far 10909 and Residents of Romeo call Enterwlso 1-0909 (No Toll Charaes on these tails).

12 27 Eddie will arrange a free trial at no obligation whatever! 3 eaanioeA ago. Curb Bond sales year 2 12.000. tichmndRad 15 I IJ.aa..l.t.H. i i I. DO YOU KNOW you can buy Yield Income Income Yield $620.00 $45.30 7.2 575.00 36.00 6.3 624.38 34.50 5.5 5.1 20 shares U.

S. Steel for 40 shares Burroughs Add. for 15 shares S. S. Kresge for I A $30.00 33.75 80.00 Close MARCH 5.2 10.5 25 shares Detroit Edison for $590.63 15 shares Sears, Roebuck for 648.75 10 shares General Motors for 763.75 Income Based on 1919 Dividend! Pricea Based Commissions on stbOTe ranee from SS a CM.

to SIO am CA Steel A WlaaaHkaaWa.