Detroit Free Press from Detroit, Michigan • Page 26

N.Y. Bond Transactions Financial Shorts WORM) BANK BONDS I (Dollars and Thirty-seconds) Sales in I Del LAW 4 IX $10,000,000 STOCK DEBACLE SEC Recalls Frazer and Kaiser to Testify Suit Seeks Receiver for Tucker Beef Heifers Set Record at 2 Yards DETROIT FREE PRESS 2H Thursday. July 15, 1948 TO PLACE FREE PRESS WANT ADS CALL WO 2-9400 l.uoo Hose Det Ed 3s 70 Int Bnk Dev I Firel 3 61 3s 72 11 PS.lOi Fla 6s 74 CORPORATION BONDS Goodrich 2s 65 Kales In I Gt Nor 3 'is 80N Sl.OOO Close a MAO 4. T5 AD11S1 ZS 07 HI 1141 Hud 5s 6 l'o -tg til 34 107 os associates," Eaton said, "through 57 Do inc os 57 I 4s 55 Do 44s 66 ICCSL 5s 63 A Int 6s 62 Do 1st 6s 53 Int 6s 44 Sou 4s 75 Leh V4Hs'003st Do 2is 75 0 HtJ Do 2s 80 Do 2s 83 Do 2.s 86 8 93 H4 7 t0 Am Tob 3s 62 21 102 10 1024: Do 3s 69 ACL 1st 4s 53 8 1044 Do 64 5s 96 Do 5s 2000 Do CV4H2010 8 105. 13 68, 27 68 102 56 Do 4s 2003st Mich 3s69 MSPS9M 4s 91 Do 4s 75 A Do 4s 85 M-R-T aj os 67 Do 4H 78 Do 1st 4s 90 Mo 54s 49 Do 5s 65 A Do 5s 77 Do 5s 78 Do 5s 81 I Do 4s 75 MorAE 4s 55 Do 3Hs 2000 N'OTM 5s 54 NYC 5s 2013 Do 4H 2013A Do en 4s 98 Beth 2is 70 Host Me 4s 60 Can 4s rero Cen 5s 59 7 98 4 85 4 19 95H 134 Do en 5s 45 Do 1st 5s 45 20 74 10 82 Cen 1st 4 49 6 102 i CRRNJ 6s 87 41 74 74 C4E1 me 97 Chi 1S.L inc 4Hi 14 49 2003 7 64 CMSPP ct4i 2044 15 14 16 11 11 27 8 6 68 5 9 61 69 85 101? 10 9tt 74 106 55 110H 96 9H 4 CftNW 4H 89 CRIP inc 4 SYSHH inc 2019 Do 4s 94 Do 4s 2007 Ch4WI 4s 52 Ci.i 2is75 SYOW 4s Do 4s 65 Nort 5s 2014 "or 4s 97 Do 3s 2047 CCCSL 4Hs 77 5s 73 Col 4Hi 80 Con Ed ov 3s 63 Nor 2is Do 2ia 82 Ohio Ed 24S Cons 2k 75 Pac TT 27s 92 an original investment or $ouo in the now defunct Warren City Manufacturing had obtained control of Graham-Paige, whose outstanding securities were subsequently manipulated to a maximum market value of more than with practically no record of profitable operation on the part of Graham-Paige.

"The market value of these securities has since declined to $25,000,000, but even this figure appears grossly inflated when compared to the present book value and the obscure outlook for earnings." Eaton charged that Frazer and Macdonald "guided the market performance of Kaiser Frazer stocks, and said the SEC will be delinquent if it does not expose the "parallel techniques" used in the Graham-Paige and Kaiser-Frazer stock marketing. HE SAID that Graham-Paige's banker, Allen and of New York, obtained a secret contract from K-F out of the February underwriting debacle, and that it "represents a shameful imposition on Kaiser-Frazer stockholders." Allen and Co. was associated with Otis and Co. and the First California Co. in the February underwriting contract.

Eaton and H. T. Birr, of the First California, "terminated" it, but Allen refused. The substitute agreement was Allen's reward, Eaton claims. Dividends BY JAMES M.

HASWELL Of Our Washington Bureau WASHINGTON Edgar F. Kaiser, general manager of Kaiser-Frazer and Joseph W. Frazer, president, will be called back to the witness stand by the Securities and Exchange Commission Thursday. The SEC is investigating the $10,000,000 K-F stock underwrit ing failure in which Otis and Cleveland investment brokers, their underwriting contract last February. Out of that row arose a feud between Henry Kaiser, noted build er, and Cyrus Eaton, famous rail and utility promoter, who.

heads Otis and Co. THE SEC FILED answers Wednesday in its pending suit to force two of Eaton's lawyers, Marvin Harrison and Harold Allen, to testify. A hearing on their claim of the lawyer-client right of privacy is scheduled Monday. Eaton challenged the SEC to ask Frazer about his earlier Graham-Paige financing. He said that Frazer was president and W.

A. Macdonald, another witness scheduled to appear Thursday, was vice president of Graham-Paige when they came to Kaiser-Frazer in the same capacities in 1945. "THEY AND A small group of llll Or DETHOIT OFFICE OF nil 'IHbASlHUIl Detroit, July 1, 1948 SPECIAL ASSESSMENT FOR LATERAL SEWER Notice is hereby given by the City Treasurer that an assessment has been levied against the adjacent property for the construction of lateral eewers In the blocks bounded by the followintf streets as specified in the assessment roll of the number attached. ltoll 11-41 In Hlock flonnderi ly Cherokee. Molutjre.

tin lit Mile Knail. Following is the charter provision relative to payment of the above assessments: Sec. 10. l'art one of said assessment shall become due and n.ivahle in thirty days from the first publication of such notice. July 1, JSM.x, and parts two.

three and four shall l)coine due End payable in one two and three years, respectively, from the date that part one became due and payable. Any person may pay me amount or the assessment in part one. two. three and four, or any of them, at any time within thirty days from Jiily 1. 1H4S.

without interest, but if the amount mentioned in part one shr.ll not be paid within thirty days from the said date a penalty of one per cent per month for six months in addition to interest at the rate of six per cent per annum shall be added thereto. A like penalty of one per cent per month for six months in addition to interest at the rate of six per cent per annum irom said date of publication shall be added to each of the other parts if they are not paid when the same shall become due and payable as aforesaid. The interest on parts two, three and four if such several parti are paid when they become duo and payable, shall be computed at the rate of six per cent per annum from the said date of publication, 3uly 1, 104S. ALBERT E. COUO.

City Treasurer. CHICAGO (iJP) Top quality beef heifers set an all-time record high prices of $39.25 a hundred pounds at Union Stockyards Wednesday. The previous peak was $39.00, paid earlier in the dayr which in turn topped the last previous highest of $38.25 paid June 28. SOUTH ST. PAUL, Minn.

UP) A new all-time high price for heifers was set and the all-time record for steers tied on the livestock market here Wednesday. A shipment of 11 choice 1,006 pound heifers from Hubleln Brothers, Rushford, Minn, brought a record price of $38 a hundred pounds. The previous top, set Tuesday, was $37. The steer record of $40 a hun dred pounds, set last Jan. 12, was tied with the sale of two loads of animals.

One was 18 jrime steers weighing an average of 1,230 pounds from Francis Buschard of Fairfax. and the other 17 steers averaging 1,302 pounds from Fecker Farms, Springfield, Minn. Poor Private Finally Gets Off End of List WASHINGTO (IP) The private is going to lose his place as the lowest man in the Army's wondrous system of grades and ranks. On Aug. 1, the low man will be "recruit," under a reshuffling of grades for enlisted men.

The private will become the present, private first class. THE NEW classifications, accompanied by a change in types of chevrons denoting grade, are part of several changes based on the Army's "career plan" for promotion of enlisted men. Here are the present grades and the new titles: Master sergeant or first sergeant, new title same; technical sergeant, sergeant first class; staff sergeant or technician third grade, sergeant; sergeant or technician fourth grade, corporal; corporal or technician fifth grade, private first class; private first class, private; private, recruit. Peace Proposal Rejected by Dow LANSING (IP) The State Labor Mediation Board reported the Dow Chemical Co. at Midland had rejected a proposed peace settlement of its eight-day-old strike.

The proposal was drafted at a conference between management and representatives of the striking employes affiliated with District 50, United Mine Workers of America. About 5,300 unionists walked out to enforce wage demands. OBITUARIES Per. Rate Reo. Pyble.

Extra LowenstiSo .62 'i 7-23 8-16 MeGraw Elec .50 7-23 8-2 Stock Skelly Oil 10 8-20 9-24 Increase Curtiss-Wright 1 00 8-4 8-26 Do A 1 OO 8 4 Ohio-Apex .15 7-21 7-31 Iteeular Best Co .50 7-23 8-14 Coueoieuni-Xairn .37 9-1 9-15 t'lirtiss-WriL-ht 1.00 11-12 12-3 Howard Sir .37 V4 8-13 9-1 Moacl Corn .50 8-6 SI Melville Shoe .4.5 7-23 H-l .50 7-23 8-16 MeGraw Klee .50 7-2-1 8-2 Nat Cvlinder Ga .20 8-10 9-10 New Process .50 7-20 8-1 Pcrmutit Co .20 9-7 9-15 Procter Gamble 0 .75 7-23 8-14 Woolwth FW 8-10 a-1 gale In Sl.OOO 2042 I In Close! Sl.OOO Close H5U Pen PAT. 3s 75 7 lOO 8 8 16 3 3 6 103i Pen RR 4s65 10fii 1031,1 Do 44s 81 5 102 i 0 I Do 3Us 52 1 1O0 PeoAE inc 4s 90 6 20H 974 Fere 34s 80 inO. PitfToal 3 2 103 7 36 63 4 32 13 19 5 62 17 15 95 Rutl 1st 4HH 41 15 11 64 J4 StLSF 4li 2023 1 07 64 28 Do 4s 97 33 87 104 StLSW rf 5s 90 10 101 87 i Sea A inc 4Vss 9S4 2016 37 72 37 Do 4s 96 4 102 67 PkellT 24 65 5 100 4 '66U So Pac 4Hs 81 16 95 103 M. Do 4SiS 69 22 97 4 40 Do 4 Hs Or 77 7 lOSVi 38 StdOCal 2is f.6 10 102 Hi 105 StdONJ 71 8 94 51 VaElAPw 3'sa3 20 112. 78 Vt Do 24 8 75 10 98 70 Sh 4s 231 11 68 Ts 77 i MJ 4s 52 11 101 29 West Un Ss 60 34 93 87 Do 4Hs 50 15 100H 87 Wh Stl 3 'it 70 8 100 Vi 864 Wis Cen 4s 49 38 70 88 Vt Do 4s 36 26 41 47 FOREIGN BONDS TO li.

Salea In 114 4 16 31 5 8 96 15 12 6 10 39 11 11 13 16 8 24 69 $1,000 Close 93 Australia 5s 65 11 102 80 Canada 4s 60 6 104 73 Chile 6 e7-4 57a 7 274 Do 6s 63 a 6 27 4s 181 51 Chile 6s 60 ad 46 274 133 7.1,4 Do Hs Jan la 8 271 26 10', Do 6s Feb 61a 12 27 7 5tt Colonih 3s 70 67 40 6 79 It Con l-3s77 4 17 12 104 Norwav 44s 56 16 82 18 65 Peru 1st 6s 60 9 16 5 9 97V4Ur aj 4 '4 79 5 78 75 96 Total Bond sales Wednes-8 96V, 'day. $3,400,000. 86 Produce Markets Federal-State Market News Service The followine prices per dozen were paid f.o.b. Ketroit by first receivers for case lots of Government graded eers from erad-lne stations Wednesday: Whites U.S. erade A A.

jaree o.t: U.S. erade A. jumbo 63-65, lance 59, medium 55: U.S. erade B. large 52.

Browns U.S. erade A A. laree 61: U.S. erade A. jumbo 63.

larire 58. medium 54-55: U.S. erade B. laree 50; U.S. erade laree 44; S.

cheeks. 3. Paying- price per dozen, b. Detroit, for commercially graded eets: Consumer grades, white Grade A. exira laree 65-58.

lam- 54-58, medium 50-54: erade B. laree 48-52. Browns Grade A. extra laree 53-56. laree 52-50.

medium 47-51: grade B. laree 40-5O. Whites Extra laree 51-55. mdeitim 46-4S. Browns Extra laree 48-54, medium 45-47.

Current receipts (cases included 41-44: dirties 36-38: checks. 33-35. Market full steady to firm: demand fair to eood; top quality eees very much lackine writh premiums beine paid in order to secure desired property for committed outlets: distress merchandise beinr placed into temporary storaee; hot weather defects very much evident and most ouarters report more pronounced in nearbys; some dealers forced to remove storaee stocks because of prohibitive country costs: receipts of both nearbys and westerns light. Detroit Butter Prices to retailers and institutional users. 'J lb.

and 1 lb. prints: Grade AA (93 87-89: erade A (92 score). WI-88: trade 190 score). 83-86; erade C. SO-81.

Market unsettled: trading slueeish. with limited movement at both jobbing and wholesale levels: dealer distributors report consumer resistance at prevailing values; stock ample on all scores. Detroit Poultry Live poultry payine pnis per pound, f.o b. Detroit for No. 1 erade: Fowl, heavy tvpe liirht tvpe 31-33: heavy type, frvers 3S-39.

broilers 38-39: old roosters, 22-24: ducklings. 33-34: old roosters. 22-24; ducklings. 33-34. Ducks, old heavy 28.

Prevailine sentiment easy; chickens somewhat stronger than fowl; movement dull: receipts fully ample on all classes of poullry with exception of light type fowl which are in firm position under limited supplies and very active demand: Canadian imports continue llK'ht: since Jan. 1. 1948. 7,014.848 pounds: dressed market about steady: trading fair to eood: local supplies fully adequate for current needs: inbound movement of eastern dressed merchandise curbed until accumulated stocks have cleared. Chicago Potatoes CHICAGO (Afl Potatoes Wednesday: Arrivals 131.

on track 428: total United States shipments 430: supplies liberal: demand slow: market slightly weaker: Arizona Bliss Triumphs 4 Cali fornia Uone Whites 34.2'i-i.O; Kansas Cob blers 2 Missouri Cobbler S3. 25; Texas Bliss Triumphs S4. Chicaeo Butter and Kegs CHICAGO (API Butter firm Wednes- day: Prices a cent a pound higher to cent lower; A A 93 score. 84; A 92. 81-82: 90.

78.5-79: 89. 76. Eees steady to firm: prices 4 cent a dozen lower to a cent higher: extra large min. SO pet. A.

current receipts. 39.5-41 5: dirties, 37-38; balance un- changed. Woman Arrested in Poison Slaving ml of 6 Housewives HAMBURG. Germany (IP) German police said that they had arrested a woman they accused killing six housewives by poison. They identified her as Irmgard Kuschinsky, 36.

Police said the woman, a resident of Hamm, entered 20 houses there on various pretexts. Once inside, they said, she would offer the housewife a cigaret or some packaged tea or coffee. The gifts were poisoned and when the hostess collapsed, the woman would rob the house, police said. They said six victims died ine ouiers Decame ill. but sur vived.

Finds Brother Dead in Bed; Probe Starts Detroit authorities are investigating the death of John Bernhardt, 4S. Reinhardt was found dead in bed the home of his brother, Martin, 4127 McDougall, when the brother returned from work. POLICE SAID John Reinhardt formerly lived in St. Clair, Mich. was taken to a St.

Clair hospital Sunday after eating hamburgers in a St. Clair restaurant, police were told. Martin went to St. Clair Sunday night and brought John back to Detroit with him. Attaches of the hospital are reported to have informed Martin that John was in serious condition I and had been treated for ptomaine poisoning.

An autopsy will be conducted Thursday. Trieste Reds Purge 'Rebels' LONDON (IP) Taniug, official Yugoslav news agency, said the Communist Party of Trieste Free Territory has been purged and sev-I eral of its leaders expelled, or punished. The sudden move followed a crisis resulting from Marshal (Tito's dispute with the Communist i Information Bureau (Cominform). Livestock BY CSDA CATTLE Salable receipts 700. Produce ers sent fewer cattle than the 837 head actually unloaded Tuesday and since, better than per cent of the run attain con sisted of eowi not many steers or heifer rradin (rood or better showed lip.

Other than about two loads of chon-e 1.07 lb dry-fed steers topping; at 30 00. which were fully steady, prices were poorly tested on the better cattle. Odd bead lots of offerimrs moved at 37.00 down hut the majority of slaughter steers and year linirs were common and medium trassers or value to brins: (Hi to X.i inrlud inir load lots at 2M.00 to 33. 5(1 scaling: around 700 to 1.100 lbs. Short-fed and Krassy steers and heifers were not quite as dependably wasted as on previous days this week and the price trend on cattle under 34.00 was steady to about 50 cents lower today.

But cows and bulls continued on to new hiirh levels on another hifthly competitiv market. Tht majority of cows sold 25 cents or more blither while bulIB Aolrl on the sfronir side of steady with an occasional sale reflecting an upturn of easily 25 cents. Most of the common and medium dairy type beef cows cleared readily from 21.50 to 24 00 and above with KOod fed beef-bred cows scarce but a few showing; up to hrinsr 27.00 and better In canners and cutters it was 16.00 to 21.00. but very lew had to bo tinder 17.00. Sausare bulls carrying- considerable weiirht turned freely at 26 l0 with 26 50 paid for a toppy bull or two.

Only lisht-weittht cuttery bulls change dhands below 23.00. CALVES Salable receipts 350. Broad demand well maintained veal prices at cur rent hnrh levels. All inttrets paid the 33.00 top and while some culls under 70 lbs. sold as low as 16 00 the bulk of the calves moved from 25.00 to 33.00.

mainly shove 30.00, unless carrying; considerable weitrht. HOGS Salable receipts 600. Hoe prices were penerally unchanged all through the including sows. However, muener hoes over lbs and sows over 40O lbs. proved slueeish in kcepinp with lower markets on these at surrounding terminals.

The practical top and popular price fur rood and choice 180-225 lbs. was 29.7.. Other hoe" moved on the followine sched ule: lOO-lSIl lbs. 28 25 to h. 20 50: 240-270 lbs.

28.00-29.00: 27(1- tOO lbs. 20.50-27.50; 300-350 lbs. 24.50- 6.50: and 375-400 lbs. at 22.50. Sows under 350 lbs.

turned at 24 00 with 350-400 lbs. at. 22 00 and "3 00. and over 40(1 lbs. from 19.50 to 21.50.

Staes went at 19 00 down. SHEEP Receipts were small supporline firm market for all grades and classes, redominantlv choice spring lambs topped at 31.00 with majority of good and choice moving- at 29.00 to 30. Oo. Choice slaughter ewes reached 13.00 but most good and choice rot 10.00 to 12.00 with culls a low as 5.00. CHICAGO (APi Salable hoes 9.000.

total 11.500: market unevenly steady to lower: most decline on butchers over 250 lb. and on sows over 400 mod-eratley active early but closed slow at the decline and with an estimated 2.000 head unsold: top 00: most good and choice 170-240 lb. 29.25-30.110: 250-270 lb. 2S.00-29. OO: 280-300 lb.

26.50-27.75: 310-330 lb. 25.00-26.50: heavier weiirht butchers scarce: eood and choice sows under 360 lb. 23.00-25 50: wciehts under 300 lb. at 25.50- eood 375-425 lb sows 21. 50-23.

Oil; 450-550 lb. 19 50 20.75: around COO lb. weizhts 19.00-19.25: shippers took 2.000. Salable cattle 11.00(1. total ll.OOO: salable calves 600.

total 600: fed steers and yearlings steady to 75 cents lower; medium and eood erade steers off mot: heifers steady to 50 cents off: lareelv steer run: steer ton 40.50 on 1.069 lb. weights and on 1.059 lb. vearlinr: all-time hieh of 39 25 on 900 lb. most srood and choice steers 34.50-39.75 and heifers 25 cows steady tfy 25 e-nts lower: cajiners and cutlers 16. OO-20 OO; common and medium cows 21 00-24.

50: hulN firm at 26.00 down: vealers steady at 32 00 down. Salable sheep 1.500. total 2.500: sprine Iambs 50 cents lower: yearlines and ewes steady; eood and choice native sprine lambs 31. top 32 00: some good 70 lb. spring lambs 31.00: three decks eood and choice shorn yearlings with No.

1 pelts 28.50-29 00: deck medium to eood grassy kinds 25 00: laad cull and common 01 lb. western ewes 9 00: few choice shorn native ewes up to 12.00. Detroit Stocks WEDNESDAY, JULY 14. 1948 Low 25 1 's 8i B's 54 21 H. 3' 6Ts lO'i 22 7K 1H 1 29 15 12 18 54 13S, 31 i 4 10 (Sales High Close 26 en 1 ioh 9 5H 21 3 7 10 22 74 1'4 lOOAmer Met Prod 325 Av-o Corp 500 Brown-McLaren 1850 Curtiss-Wnght 2O0 Davidson Bros 100 Det A Cleve Nay 957 Detroit Edison 550 Electromaster fiOOGeritv Mich 135 Hayes Mfe 209 Hoover 1 00 Howell 100 Kinsel Drue 500 McClanahan Oil 100 Motor Prod 100 Murray Corp 100 Natl Auto Fib 150 NY Cent 390 Packard Motor 110 Pepsi-Cola 100 sRepublwie Stl 400 Rickel.

450 Scotten-Dillon 25 6i l's 10'i 9' 5 21S 3 7 10 22 7 1 1 Vi 29 15i 12 IS 5H 13. 31 Vi 4 10 29 15 12 18 SH LIS 31 4 10 TTnlisted trading- privileg-ea. To'al sales. 9.510 shares. paint srrrLiES SAVANNAH.

Ga (AP Turpentine 40 Wednesday: offerings 100: sales 8.000: receipts 222: shipments 216; stock 5.747. Rosin, offering's 100: sales 100: receipts 145: shipments 20; stocks 11.704. Quote; B. 6.60; D. 7.00: E.

7.00; F. 725: G. 725; H. 7.31: I. 7.31: K.

M. WG. 7 31; WW. 7.45: X. 745.

TRANSACTIONS WASHINGTON (AP) The SEC reported Wednesday these transactions by customers with odd-lot dealers or specialists on the New York Stock Fxchamre for July 13: 4.50S purchases involving: 138.275 shares: 4.700 sales involving 132.876 shares ndudinir 23 short sales involving-842 shares. of at He CHICAGO--kP) A stockholder and dealer's firm sued in Federal Court to have a receiver appointed for the Tucker Corp. They alleged that the company, which has been planning a radi cally new automobile, "is in dan ger of financial collapse." The suit was filed by Edward Hubant, Edward I Story and Thomas Vinella, all of New York, against the corporation and Pres ton T. Tucker, president. Hubant owns 100 shares of common stock, Class of Tucker.

The other two hold a dealership franchise in New Jersey. Tucker was not available for comment but a spokesman for the company said he "categorically denied all the charges. THE SUIT charged these Specific points: That the radically new engine announced by Tucker which would have eliminated clutch, transmission and driveshaft "has now proved impractical and unusuable." That the coropration is using another engine, "manufactured by a Syracuse company (Aircooled Motors, Inc.) which company acquired bv the defendant corporation for $1,800,000 although (it) had been publicly offered for sale for $1,000,000." 9 THAT THE Tucker Company changed its' method of financing and "undertook to sell in addition to the said Tucker automobile accessories in what would be known as 'package That Tucker, through Its president, placed orders for transmission and clutches with the Ypsilanti Machine Tool owned by Preston T. Tucker's mother. The petition further charged that Tucker himself "within the past year has withdrawn from said corporation without justification over $100,000 in cash and has not accounted for same; that other large sums of money have been withdrawn and remain unaccounted for IT ADDED that Tucker himself "has used money of the defendant corporation by virtue of his position as president for his own use in buying an airplane for $40,000 and leasing it to the corporation for $6,000 a month; (and) in buying a home in or near Bogota, State of Colombia, South America." The coropration currently is undergoing investigation of its financial structure by the Securi ties and Exchange Commission.

It suspends operations July 1 during the inquiry. Tucher Announces Reopening of Plant CHICAGO (U.R) President Preston Tucker announced that his Tucker Auto Co. would be re opened for operations next week Tucker made the announcement after a meeting of some 2,000 dealers, who he said had given the most remarkable demonstration of teamwork and loyalty in American industrial history." Tucker closed the plant last week, charging that he could not operate while the Securities and Exchange Commission checked his books. Farmers9 Markets By the Rnrean of Wts. A Measures The lollowinit wholtale prices cover growers sales of local Droduce Wednesday FRUITS Apples.

Mcintosh, fancy. 3.50 o. I. I.n0-2.00: Steele fancy. 3.00 No.

1. 1.50-2.00: Northern Snip, fancy. 3.00-3 SO No 1. 1.75-U.25: Transparent, No. 1.

3.00-3.75 bu. Cherries. our. No. 1.

5.00-7.00 24-qt. cas: sweet. No. 1. 8 00-9 00 24-qt.

case. Currants, red. No. 1. 6.00-7.00 24-qt.

ease. Goose-brrrie. No. 1. 6 00 24-qt.

case. Raspberries, red. No. 1. 6 00-6 50 24-pt.

case: black. No. 1. 10.00-12.00 24-qt. case.

GRF.ENS Cabbaire Greens. No. 1. 75c-100 bu. Collards.

No. 1. bu Endive, fancy. 3.00 No. 1.

1.50-2.00 bu. Escarole. No. 1. bu.

Kale. No. 1. bu. Boston Lettuce.

No. 1. 3.00 Head Lettuce, fancy. 2.00 No. 1.

1.25-1 75: Leaf Lettuce. No. 1. 50-75e bu. Mustard Greens, No.

1, bu. Romaine. No. 1. 75c-l 00 bu.

Sorrel. No. 1. 1.00-1.25 bu. Spinach.

No. 1. 1.00-1.50 bu Swiss Chard. No. 1.

bu. Turnip Greens. No. 1. bu VEGETABLES.

MISC. Beans, green, fancy. 5 No. 1. 4 00-5 00: Wax.

fancy. 5. 50-600 No. 1. 4 Beets.

No. 1. 60-75c doz. bchs. Broccoli.

No 1. 2.50-3 00 lu. Cabbag-e. Early. No.

1. Red. No. 1. 2.00-2 25 bu.

Carrots. No. 1. 65-H5c doz. bchs.

Cauliflower, fancy. 2.50-3.00 No. 1. l.tiO-1.75 doz. Celery, fancy.

50-5c doz. hch No. 1. 30-40c. Cucumbers, No.

1. 1.50-2.00 peck basket. Dill. No. 1.

doz. bchs. Horseradish. No. 1.

5.00-6 00 bu. Kohlrabi. No. 1, 75-P0c doz. bchs.

Leeks. No. 1. 1.00 doz. bchs.

Onions, dry. No. 1. 3.00-3.50 50-lb. sack.

Green Onions fancy 00c doz. No. 1, 65-85c. Parsley, Curly, No. 1, 65-90e doz.

bchs. Root. No. 1. 65-90c doz.

bchs. Peas. No. 1. 2 bu.

Peppers, hot. No. 1. 75c-l 00 peck basket. New Potatoes, No.

1. 2.25-2.50 bu. Radishes. Red. fancy, 1.00 doz.

No. 1. 65-85c: lone- white, fancy. 1.00 doz. No.

1. 60-75C Squash. Italian, fancy. 2.50 peck hasket- No. 1.

1.50-2.00 peck basket: Summer, fancr. 2 00 No. 1. 1 00-1. 50 bu.

Rhubarb. No. 1. 60-75c doz. bchs.

Tomatoes, hothouse. No. I. 35-3ic outdoor. No.

I. 3.25-4 00 peck basket. Turnips, No. 1. doz.

topped. No. 1. 1.50 bu EGGS Extra lanre. 17.50-18 00 30-doz.

case: larsre. 16 medium. 14 i ALL RECONDITIONED AND CARRY SAME GUARANTEE AS NEW VEHICLE 7 Nv 1 TERMS IF DESIRED 1 YEAR CATERPILLAR D8 INTERNATIONAL T9 (With Front-end Loader) INTERNATIONAL CI.ETRAC AG (With or Without Front- LIU 17 J. I Construction may be day, week NOW A Due to like-new STRADDLE The due to that stock later. An offering of 125,000 common shares of Radioactive was announced by A.

Voeel securities firm and member of the Detroit Stock Exchange. Formation of the atomic by product firm, first in Michigan, was announced recently. It will manufacture instruments to measure radio-activity and process ra dio isotopes to be obtained irom the atomic piles at Oak Ridge, Tenn. The isotopes are useful in medicine, biology, laboratories, industry and agriculture. Directors include Homer ST.

Mvers and John R. Niles, super visors in secret programs at the University of Michigan Engineering Research Institute at Willow Run; Dr. John C. Grebe, research assistant to Dr. Willard Dow, of Dow Chemical and Everett C.

Swanson, of the underwriting firm. Directors of McLouth Steel Corp. Wednesday called a special meeting of stockholders for July 26 to consider and approve a proposed capital-stock increase plan. The board of directors has recommended that capital stock be increased from 300,000 shares, of $5 par value, to a million shares with $2.50 par value, and that the now outstanding shares be split on a two-for-one basis. The action was proposed to pro-' vide capital adaptable to increasing business volume and expected expansion of facilities.

M. A. Yockey, secretary and treasurer of Pfeiffer Brewing announced that net income for the first six months of 1948 had totaled $866,390, or 52.02 a share, compared to $745,422 in the like 1947 period. He also disclosed tnat Pienter had realized a net profit of $80,340 from liquidation of a wholly-owned subsidiary. Dividends paid out by steel com panies in 1948 will approximate those of 1947, according to a sur vey published Wednesday by Mer rill, Lynch, Pierce, Fenner and Beane.

The survey analyzes the problems of the steel industry and presents detailed information about 24 leading steel producers. In discussing abandonment of the basing point pric-; sj'stem the firm states that adoption of the t.u.ts. price system may prove to be detrimental to steel plants in the Pittsburgh-Cleveland- Youngstown area and of benefit to steel mills close to new steel markets. The report suggests, however, that the effect will be gradual. High-grade iron ore reserves are running low, the survey notes, and then points out the two alterna tives, processing of low-grade ores and importing high-grade ores.

Earnings 194R 1917 Rate Annual CrZellerhC 519.614.698 Six Months IndRayonC 5.M25.929 SunrayOilC 8.176.438 Etimated. $15,053,306 se si 6.1 01.235 4.946.53S 3 4 1.50 Corinthian Lodge 211, He is survived by his wife, Marie; a son, David; a daughter, Marilyn; two brothers and a sister. HERBERT J. IIERSCHBACK Services for Mr. Herschback, 60, will be held at 1 p.

m. Friday at tne verneyaen Funeral Home. Burial will be in Forest Lawn Cemetery. Mr. Herschback died Tuesday at his home, 12241 Wilfred.

An engineering clerk with the Burroughs Adding Machine Co. for 40 years, he is survived by his wife, Tillie; a daughter, Mrs. Dorothy Dhooge, and a sister, Mrs. Grace Ulrich. THE REV.

FATHER EDWARD J. STEPHENS Father Stephens, 37, died Wednesday in St. Mary's Hospital. A native of Detroit, he was graduated from St. Catherine's High School.

He attended Sacred Heart Seminary in 1929 and then St. Mary's Seminary in Cincinnati. Father Stephens was stationed at Visitation Church and St. Veronica's Church, Detroit, and Sacred Heart Church at Imlay City. He was serving at St.

John's Church in Monroe at the time of his death. Surviving are his parents, Mr. and Mrs. Francis J. Stephens.

The body will be at the Verheyden Funeral Home until Friday noon and will lie in state at Guardian Angel Church from 4 to 10 p. m. Solemn Requiem High Mass will be sung at 11 a. m. Saturday.

Burial will be in Mt. Olivet Cemetery. CLAUDE D. COOLEY Services for Mr. Cooley, 66, of 15376 Oak-field, will be at 1 p.

m. Friday at the Schmalzriedt Funeral Home. Burial will be in Roseland Park Cemetery. A former assistant purchasing agent for the Buick Motor Mr. Cooley is survived by his wife, Veda; two daughters, Mrs.

Lloyd Brazil and Mrs. Kenneth Brown; two sons, Roland C. and Paul John, and a sister. Deaths Elsewhere Dr. George Boiling Lee, 75, prominent gynecologist and a grandson of Gen.

Robert E. Lee; in New York. Edward A. Stockton, 62, American Red Cross military liaison representative since his retirement from the Army as a brigadier general in 1946. Mrs.

Martha Baxter Schwellenbach, mother of the late Secretary of Labor Lewis B. Schwellenbach; in Seattle. Richard Burpee Hanson, 69, former Conservative leader in the Canadian Parliament; in Fredericton, N. B. Marguerite Moneea, 77, known on the French stage and screen for half a century as Marguerite Moreno; in Southern France.

I DEATH NOTICES BAXNA8CH Julr 12. Theodore E. suddenly, of 5800 GunMon. dear brother of Conrad. Max ii.

and Eich-ard. Funeral services Friday. 2 at A. M. Peter Funeral Home.

1 '3 ij 57 Ura tj ol Avr BK.I.L VVilliam of 119TC Indiana, brother of Mrs. AltxrrJ Bcattv. Oakland. Mrs Nellie Hookway and Mrs. Anna Mrt'lein.

both of Lo Anireies. uncle tf Jack and William Bellman and Mrs. Helen Flemmin. Services at Sons Funeral Home. 16GC5 Grand River.

Saturday at 1 p. ttl.K(.IN July IS. Joseph retired officer Detroit Fire of HC.t.S May beloved husband of Anna C'oesens Bcrgin: dear lather of Kenneth, Dale. Joseph. and Robert Marlow; brother of Mrs.

Marcaret l.alley. Mrs. Klizab'th Moiiaslian. Waller. Mrs.

F.lla Mae Duns an.l Raymond Berrin. Funeral pervke. Thursday, 8 a. ni. at A.

H. Funeral Home, 1S057 Gratiot Ave Deceased was member of Detroit Fireman's Post So. 1339 and A V. Chnnler Xo. 1 BKOKAW- Inly 12.

Deora Lunell, helnver! mtf of Arthur Kenneth: daughter of the late Effie Drora Wolfe and Charles S. Wolfe, of Detroit: cousin of Albert F. Wolfe, of Grand Rapids. Funeral irom Ihe Harvey A. Funeral Home, Maybury Grand.

lOMWAV Simon Peter. July l.itif, of 14102 Whitcomb. beloved husband of Nora Bridget; dear father of Rev. John E. Contway.

Thomas Leo Mrs. Leo F. Ryan, ilary t'alhenne, Francis B- and Mrs. Juhn T. Schneider; also survived by inne grandchildren and one Kreat Funeral from A.

Leonard Funeral Home, Iie.xt.r Blvd. Friday moriiiinr at :1." anl St. Mary'g of Redford Church at lu In ru le njll 1 ys cj ilc ret try tOOI-KV Claude of field, husband of Veda, lather Mrs. Llovd Brazill. Mrs.

Knnei: Brown. Roland C. and Paul Ji.i -n Coolev. brother of Mrs. Sela L.t-dell.

Services at Schmalzneiit Sons Funeral Home. 16025 Grand Rut. Friday at 1 p. m. Dl I.O Pvt.

Eugene C. atte 19. ju.v 6th. 1944. In trance, beloved M.rt of Mr.

and Afrs. Howard Duclo; dar brother of Dorothy and Beverlv: Wednesday and Thursday at the Thou Funeral Home. 2760 Wyandotte, to lie in state Trinity Lutheran Church Fridav until 2 p. m. Services.

American Lesion In attendance at church and at MicU- K'an Memorial Park. HAMILTON July 13. 194S. at Warm Springs, Philin husband of Pauline Daunt Hamilton: son cf Frank and Louise Hamilton, and brother of Mrs. Vernon B.

Myers und William R. Hamilton II. Funeral services an interment Warm Springs, ia. 1IATHAWAV July 13.. "harry A husband of Harriett.

3317 Cl.i.r-tnount. father of Harry McOall and Lt. Kenneth Gladstone Hath.iw.n, V. S. Funeral from Dill Bro.

Chapel. 10215 Hamilton at Glynn 3j15n.ni. 1IKKS( nil Herbert 13. of 12241 Wilfred, husband of Tiliie fnee Joerin) father of Mrs. Dorotf Dliooue: brother of Mrs.

Grace I'lvich; grandfather of Susan and Victor Dhoopp. Funeral from the Verhevden Funeral Home. 16300 Mack, at Outer Drive. Friday at 1 HTGHKS Patrick of 13319 Corbet t. July (suddenly i.

beloved huband of Martha: dear son of Patrick Hushes, of Omaha. brother of Sister Patricia Ann. of Omaha. Services 9 o'clock Fridav momme af the R. f.

G. R. Harris Funeral Home. Harper, and 0:30 at St. Juliana's Church.

Interment Mt. Olivet Cemetery. DO! GHKRTY July 15th. at Little Falls. formerly of 1'iS California.

Thomas, husband of the late Johanna: father of Mrs. Ray Odette, of Flint: Mrs. Ben Bereon. of Little Falls: William Dousrhcrty. of Denver.

Lawrence Dougherty, of Chl-caro; Mrs. Ray Jacobson. of Little Falls: Gertrude Poueherty. of Detroit. Funeral from Melnnis-TV-nond Chapel.

Woodward. Fri-1av. Blessed Sacrament Cathe- rlraLat 10. KA -XS Catherina. 2353 Mor- ley Dearborn, widow of the late Joseoh Karmann.

dear mother of Mrs Fredericka Benn. Mrs. Elizabeth Harrer. Mrs. Cafherme Ochs.

Joseph M. and Edward M. Karmann. nine grandchildren, fix irreat-rrand-rhildren. Funeral Friday.

2 o'clock, from Howe Peterson Funeral Home. Michigan Ave. Burial Korth-view Cemetery. KXAVSS Lillian July 13th. be-loved wife of Clarence dear mother of Mrs.

Marian Rust, of Ocean Side. daughter of Mrs. Emif-fena Shaw: sister of Humphrey, of Washington. Allen and Melville Shaw. Mrs.

Grace Ijawrence. of Evans-ton. Mr. Florence Brnre-s and Mrs Svlvia Mareenan. Funeral from Calcaterra Funeral Home.

1.0l Grand Blvd Friday at 2 30 p. m. Bnri a I Woodlawn Cemetery. 1.0KB Milton July 12. husband of late Lillian Loeb.

Services from Gilbert's Funeral Home. 81 Delaware Avj.ThjjrsdajrmormnraX21. clock. MOCFRI Eleanor. July 14th.

suddenly, beloved wife of the late Guienpe: dear mother of Mrs. Grace Grillo. Thomas. Peter. Sebastian.

Mrs. Catherine Ciolino. of Gloucester and Mrs. Anna Bartolotta. of Italy.

Funeral Saturday Batmasco Funeral Home. Cor. E. G-and Blvd. and Vernor.

at. a. and St. Msr-tins-on-the-Lake 9 a. m.

Interment Mt SETTING Clarence July 13, of .5503 Beaconsfield. husband of Marie: father Marilyn and. David: brother of Conrad J. of San Antonio. Mr.

Stanley A. Stock of St. Jnsenh. Mich, and Ralph B. of Gros Pointe.

Mich. Funeral from the Ver-Hevden Funeral home. 16300 Mack at Outer Drive. Thursday at 1. Meb-ber of Corinthian Lodpe, No.

241. FA AM. OLIVER G.M-lc Allin (ErTcl V. S. C.

June 25. lf4.i. at Hollandia. New Guinea, beloved son of Mrs. and Mrs.

Huh Oliver, of Detroit. father of Stephen brother of David of Detroit. Funeral Saturday. 3 o'clock, at Snau'l-ing- Son Funeral Home. 600 W.

ineM He Fernd ale l'EARSOX July 14. Dr. Morton Cor-nelius. husband of the lafe Cora father of Mrs. Lorine P.

Fulton. Lyman and Morton C. Jr. Funeral private in Delaware. Ontario.

Saturday July 17. Interment at White Chanel, Defroit. IC HA DSON Ssrt. Wm. of Coyle, at Bury St.

Edmund-'. Encland. May 31. 1945. dear son of Wm.

E. and Helen: brother of Gerald. Restiner at McCabe Funeral Home, 18570 Grand River at Glastonbury, until Saturday 10 a. m. Gravein service Grand Lawn Cemetery, Sat-tirday 2 p.

m. KOI1DE July Fredericka. of 2624 MeDoucalT. wife of the late Charles, dear mother of Mrs. Beatrice Evison and Mrs.

Erwin Grund-mann: irrandniothpr of Dr. Emerson Evison: dearly beloved siafer of Mr. Minnie Kellison. At A. H.

Peiera Funeral Home. 12057 Gratiot nnti! Friday. 10 a. m. In stats at St.

Thomas and St. Peter's Ev. Lutheran Church. Fischer and Chanin. from 12 noon until time of aervica.

Fridav. 2 p. m. VerHEILF. July 13.

194S. James. at his residence, 16513 Cruse, husband of Ethel father of James M. and Mrs. Russell Zielsch: brother of John.

Martin and Louis VerHetile. Funeral from Cavanarh Funeral Home. 100 W. Kirhv. Friday.

1 p. Red Arrow Post 2284. VFW. service Thursday. 8:30 p.

m. Interment Westlawn Memorial Gardens. Illegal Strikers Are Held Eligible for Direct Relief LANSING (IP) An Attorney General's opinion told the Governor's office that direct relief may not be refused a person participating in an illegal strike. The legality of a strike, the opinion said, has no bearing on the question of relief for strikers. The only question is one of need, it said.

The opinion, responding to another question by the Governor's office, said relief for strikers cannot be considered as a loan. Michigan Deaths ALBION Mrs. B. T. Caldwell.

67: J. E. Allen. 62. JACKSON Charles A.

Poirier. 68 KALAMAZOO John Adams. 75: Wilbur H. D'an. 55.

LAKE ORION Mrs. Alta J. Hauxwell. 79. BRIGHTON Frank J.

Foland. 82. OXFORD Barney Koss, 76. VTICA Herbert R. Mason.

76 NORTH ADAMS Samuel M. Morehead. 70. RTBY Christian J. Seifert.

62. RI'TH Arthur Messing. 31. RICHMOND Mrs. Kate Merrills.

78. YPSILANTI Oscar Otto Weincoff. 53. FLINT John S. Fljnn.

(54: Mrs. Gle-ora F. Weitrle. 77. PORT Hl'RON- Frank J.

Fearka. 5 ALMA Mr. Lottie Crouch. 81; Eliza-beta Ferris. 8L Rev.

Morton C. Pearson Council Leader, Dies MASTER MECHAMIC Prefer experience in Sheet Metal Drawing, Stamping, and miscellaneous work. Reply, giving personal and experience record. New plant now in operation at Marysville, Mich. Replies will be treated in confidence.

Salary open. Box 1073, Detroit Free Press, 31 Toronto Stocks Issue Aiiimr lirtlorne Kd s.ln Mni.irt Clipstervle liomt' fiast Mnlart Giant Yk liar I Rock ibiiliit.tr Hud Mi Kerr Ail hrador Lake Sh Ma I a. -tic Mjain Cd Close 3.20 7 .70 tr. 10 75 .53 1 .80 4 5(1 14 'i Sfu 5o.5o 12.3 I 5 50 1 0 50 1 7 5 8.40 Issue New Cal Noranda O'Brien Pa mnur Pavmas'er Pick Crow Preston San Anl Steen Kock Sulli vn Teek Ha Trail Ken fan tin cs Wilt-ey 1.32 25 1.76 1.12 .35 1.87 1 50 3.55 2.30 1 .33 2.03 1 32 2.50 .38 1 .35 6.70 .07 -i TRKNO OF STAPLE PRICES NEW YORK The Associated Press weighted wholesale price index of 35 commodities Wednesday declined to 189.74. Previous dav 189.81.

week asro 189.04. month aso 190 65. year a--o 182.91. 194S 1941 1945 HU-h 208.14 207.94 160.72 112.81 Low 184.40 104 05 112.02 107.90 11926 average equals 100. Chlraeo Poultry CHICAGO (API Live poultry Wednesday: Fowl steady, balance weak: receipts 21 truck: nrices unchanged except a cent a pound lower on roasters at 3S-42 and fryers 36-43.

b. flock together. Castings for your product get together, too, and it' only logical that all of them come from cne source. All your castings by Paul M. Wiener saves you time, money and effort because you Lifetime Business Opportunity Man wanted to own and manage depression-proof Industrial business.

Must establish proof of management ability and have not less than $15,000 to invest. To qualified person, a forty-year-old top-rated manufacturer will furnish necessary equipment, technical know-how, experienced supervision, substantial credit and assistance in merchandising. Under normal conditions the business, neither new or revolutionary, should provide a living salary and repay total investment in two to three years. Address Box 1220, Detroit Free Press, Detroit 31 The Rev. Morton C.

Pearson, 80, first executive secretary of the Detroit Council of Churches, died Wednesday at Delaware, Ont. He came to Detroit Jan. 1, 1920, and completed the organization of the church council. UNDER HIS leadership the downtown series of Lenten serv ices and the citywide Protestant Tre Ore observance on Good Fri day were instituted. He resigned from the Council of Churches in 1926 to become executive secretary of the church extension service of the Presbytery of Detroit, retiring from active service In 1936.

Services will be held Saturday at Delaware with burial In the mausoleum at White Chapel Cemetery, Detroit. Dr. Pearson is survived by a daughter, Mrs. Lorine Fulton, and two sons, Morton and Lyman of Indianapolis. LT.

HERBERT S. GELLER Reburial services for Lt. Geller, killed in a bombing mission March 19, 1945, over Germany, will be held at 11 a. m. Sunday from the Ira Kaufman Funeral Chapel.

Military rites will be conducted by the Julius Rosenwald Post of the American Legion at Mac-pelah Cemetery. A co pilot, Lt. Geller enlisted in the Air Force in 1942 while attending Michigan State College. A graduate of Central High School, he was working toward I 1 a degree in en- gmeenng. Lt.

Geller He wa9 a member of Mu Gamma fraternity. Surviving are his parents, Mr. and Mrs. Jack Geller. of 18051 Greenlawn, and a brother, Harvey.

WILLIAM J. BELL Services for Mr. Bell, 66, of 11972 Indiana, will be at 1 p. m. Saturday at the Schmalzriedt Funeral Home.

Burial will be in Grand Lawn Cemetery. He was a steam engineer at the Ford Motor Co. for 27 years. He is survived by three sisters, Mrs. Albert W.

Beatty, of Oakland, and Mrs. Nellie Hookway and Mrs. Anna McClein, both of Los Angeles. CLARENCE E. NETTING Services for Mr.

Netting, 52, will be held at 1 p. m. Thursday at the Verheyden Funeral Home. Burial will be in Forest Lawn Cemetery. Mr.

Netting, a talesman engineer for Charles Beltz died Tuesday at his home, 5505 Bea-consfield. He was a member of ELECTRIC FORK TRUCKS OFFERING AT fto of PRICE AVERAGING OU new ATTTOMAT1C BAKER, BAlt-ANG, CLARK, MERCURY. EL WELL PARKER, YALE the expense oi putting- ra models in condition we are continuing- our former prices. CLARK. HYSTER.

ROSS, ROSS LUMBER CARRIERS. WAA has ceased the sale of lift trucks, the present emergency. We suggest you look over the 60 trucks in our as we may not have other Available V7 need not co-ordinate stt ertl delivery' dates. Grey iron or semi-steel 2 to 250 lbs. Send us your blueprints and specifications now.

A TOURNAPUIX MODEL WITH CATERPILLAR 6-CYLINDER DIESEL ENGINE equipment rented by the or month. HIGHEST QUALITY GREY IRON Pool AND SEMI-STEEL CASTINGS K.tfiIosaojr It's not too late to place your Want )) Ad for Sunday's Free Press. An ad CC taker will help you. if i DIAL WO 2-9400 ff 315 CPM IngersaU Rand Air Compressor. International Diesel powered, unused.

NORTHWEST "4-YARD r. A H. 1', i -YARD end Loader) ALLIS CHALMERS Model bull clam. CLETRAC, diesel hull rlara HARRY M. RIGHTER, Inc.

MUSKI00M. MICHI0AN O. 7:30 a. m. 4:00 p.

m. ATIantie 1631 MANNED BY VETERANS OF WORLD WAR II Foot ef 45th Cleveland OWNED, OPERATED AND -i.