Detroit Free Press from Detroit, Michigan • Page 29

71 1 rr m- DETROIT FREE PRESS Friday, Feb. 10. 1856 BUSINESS: New Group Takes Over Motor Products r- Business Briefs Earnings S. S. KRESC.E for 1955: net earnings $13,882,535, or $2.52 a share, compared to $12,332,762, or $2.24 a share, in 1954.

Consolidated sales were TODAY IN BUSINESS Barnes, He's Not Dour WORLD OF WHEELS GM Dealers Insured Stock Deals Bring Coup At Meeting James T. XV. Moseley has been 628, increase of $16,736,958, or appointed executive engineer of 4.95 per cent, over 1954. Holley Carburetor it was! Copland Refr.Verarinnficral BY LEO DONOVAN BY KENNETH A. THOMPSON Krr Press Anliimntiye Writer rrr Vrm Financial Writer ii it untcu uy Melvin F.

Ster M. M. HOLLIXGS WORTH Free Press Staff Writer Control of Motor Products 11801 Mack, was taken year ended Dec. 31: net income after taxes $982,807. or $1.45 a share, compared to $977,857, or No one can sav Wendell B.

Barnes. Small Business chief auto- I A billion-dollar group life insurance policy for General Mo 'V tors' 20.000 dealers was announced Thursday by Harlow H. istrator. is a pessimist or a dour gentleman not after a speech i engi- if $1.44 a share, for the sams over Thursday hv a new croup which had secretly been pur-! at the Detroit Yacht Club Wednesday night. Gloomy observa- for.

"fH 'period in 3954. fl i i chasing stock. 5 i niirii nuowr lor Curtice, president of the company. The cost of the plan will be borne jointly by General Motors and the participating dealers. Effective March 1.

the new plan will provide GM dealers THE BOARD OF directors Chrysler Corp. announced election to the board Thursday of F. W. Misoh, vice president in rharce of finance. The group elected four to the.

nine-man board at Hons and opinions come from people whose natures won 1 merlv was chief permit them to see the happiness and contentment and the good engineer of the things in life about them," he told the Cutting Tool Manufac- Carter Car-turers Association. Wholly, false are the claims, he said, that buretor there axe many failures and fewer small-business men now st- Louis, under age 65 group life insurance without medical examina-1 the annual meeting of the com- 1955: net profit $33,559,000, or 524 a share, vs. $27,959,000. or $4.29 a share, year ago. Cunningham Drug Store for final 1955 quarter: riet incom $613,737, or $1.61 a share, com- Misoh, who jiined Chrysler tion up to $100,000 each, depending on the size of the dealer-! 1 losein" onc Anr 'K iQ'q in iu s.i flftir.u; conn Ann i v.

control of the 40-year-old autoithan in the past. "The normal year in looking at business fail- Vated with it sociated with it 9mJ i ft 111 LI, lVid AUIIUIll tUVCIflEC 1 UI UCfllCI 111U nuum UC 4. i 1 Moseley pared to or $1.35 a ures is a year in which there is no war or no reconversion from for lg a S- Barnes emphasized. "In 1939 there were 14,768 failures. I He previouslv Payments will range upward from 50 cents a month for each $1,000 of insurance, depending on the age of the dealer.

industry supply firm. New members elected were ad served in re- share, in same quarter a year, In 19d5 there were 10,969 fewer failures although there were search with automotive firms. ago. Jet sales vs. department of the Kercheval plant, was named vice president in charge of organization in June, 1954.

when the corporation instituted its divisionalization program. He will be 51 years old Feb. 20. Allen r. Stiiltz.

of the Ameri $11,538,730. can National Bank of Chicago; about a million more businesses in existence in 1939. But the Arnold Maremont, president important thing is the rate. Only 10 businesses failed in 1955 of the Maremont Auto Pro- 1 out of everv 2.600 an infinitesimal "This is a unique opportunity for the owners of General Motors' dealerships to obtain a substantial amount of life insurance without medical examination and at a low cost," Curtice said. sMi tw I Libbey-Owens-Ford Olas for.

The rropeller Club of Detroit 195. $36 045,961. or is inviting all school ClrriLS 111 Llltr lllCLIupujuo.1 i n. to compete in a national essay Net sales $281,543,736, an duct Chicago; Victor Nemoroff, a Chicago machinery manufacturer and a New York attorney named Sheriff. contest.

All passenger car and truck distributors and dealers and dealers handling other GM products will be eligible for the croun nolicv. Curtice said. time record and 36.6 per cent- Monday will be a half-legal holiday in observance of Lincoln's Birthday Sunday. Ranks will be closed but the Detroit Stock Exchange and all other exchanges in the nation will operate as usual. Toronto Stocks THURSDAY LEADING STOCKS Subject will he "The American jgrMter than year I'.

These, together with Fred M. i i-N tu --f Andersnn-Prirhitrrf Oil Yea iirj uiiLviii, viiaii limn va t.uc ui'ai ri. f.ii Jgjj rrtann Of IVew 1 OT'K 3S- iire insurance contirmea tne man witn a statement: fun nti nr th rm Old automotive names bob up in the news this 31 and entries i6' A 3-531- or i 41 i i tic Tr -1 "nan, year aKO. "We COnoratlllate. Heneral Mofirs.

which some 25 Vearslnanv. r.mham.PaifP fnrn nnnr on investment nncrotmn onnnnnelisllDmlnea lo lne UUDi rurui Burlinirton on Industries Three tnonths Industrie, Detroit 26. enrted lie', at: Net income SS. 218. 000.

or Hfi rents a shai-e. vs. S4.202.000. or 48 cents a year aeo. i in New York that it haamade its second major investment in ago pioneered co-operative insurance for its dealer person-i nel, on this new progressive plan, and we are pleased to be ROBERT .1.

NIXON, company the oil equipment industry in less than four months. It said Cincinnati Millinr Machine Tea? narticinatinp' in the develonment of this outstanding insur- nvoeiHent ciii knmvn that it Viae 9ennrai tv, r-nce ifnnfoimn Cr, Six Detroit insurance n'! 1 Xel income 931. share, v. S9. 321.

149. or 'i 1 1 tn i nil. VI LtlC u. VllfOO I. i an outside ance plan." group had heen pur-; the largest producer of specialized equipment for the construe- have qualified for the 1956 Mil-rw heavilv in recent! i- mL j- i xu i hon Dollar Round Table, an m- Jieawiy in leirni tlnn nf nine mec Tn nnce ntge nnt HiclrtceH tha niirchuco "fi a chare, year nzo.

nlumhia RroaHraMtinc Syfttem Fe a 195S: Net nrofH S1.1.:iT.O0O. or 1 a share, vs. $11,415,000. or J1.62 a share, year General Motors' first group insurance plan for dealers chasing stock iK ternational organization or me vw Aj-fllMI 4 i A V( A MnuinA1 and their employes was introduced in April, 1931. It provided 1acf maae irom an individual, a u.

m. iurran. iast uctooer insurance salesmen who have from $2,000 to $5,000 cover- uarv to Thursdav. Graham-Paige bought United Supply Manufacturing, a dis- sold a million dollars or more of si: Net income S3.i.5s. iriDUlor OI Oil ana gas Weil Supplies.

iiiiaurani-e year ato. I They are H. Norman Fitter, of- i.enersi Bakint week nde4 age for all dealers and their employes and paid out over 1 14 million dollars in benefits. Phoenix Mutual Life Insurance! The company has 468.304 shares outstanding. It was reported that the group has purchased approximately 235,000 shares.

Of.hare. year acn. Roland D. Benscoter, I snare, year atw Glass Industry All Alone? Frovident Mutual Life Insurance John Mulock, of Mutual STAINLESS STEEL HEADQUARTERS Libbey-Ovvens-Ford Glass Toledo, reports earnings for Lfe lnsurance Iter R. Cavanaugh.

of North The new plan supplements the old plan. The announcement was made between sessions of the GM Dealer Council and top GM officials. Of the council sessions, MSto Products todecrare a di American Life Assurance Co, fr Aco fm I rt rr I in rinerri a pahH em am A s-1s-I Trrt idend. It was known however uai Frederick H. Kross, of connect! Volume Close Du Van ia.fiiiit l.7.

Kill. ExdI. 419.40H 12" Vb Yiw 239.500 123 Coldstream COfi.975 1 Indian Lake 1ST. OOO .67 HebaGolri lfil.lSO .115 Cons. Orlao 154..

Mm lfi Nft Lund 112. .125 81 W.y-Crnrs-er 107.500 Jaye Expl. P6.000 IXDISTKIALS Issue rinse Issue fln Abit J3.V25 Loblaw Brazil 6 875 Trans Mnl 48.7.S Cnd Brew SI. UK Fnion Ga 48 50 Dit Sea 3J.00 T'nitedStpel 14 875 Im Pir 75 Walkers 71.00 Im Oil 3 5 I KAMI MS lrora 17.75 Loradn l.f0 B. B.

V. 1.42 Ne Lab 3 50 Chimn 1 81 New Alcrr .29 1 on Den 10 50 New Athnn .8:1 I on Diw ,140 New Delhi l.Ol Ni'-hnl 4 0 Panel 1 B7 Pe Course SO Radinr 1 H5 Ovno 1.55 Rexsnar .58 Glenn 1 11 Rix-Atb 1.00 Gunnar 18125 WESTERN Ofl.S Albermnnt .70 Oevon Le1uc 1 55 Am Ledue 8(i Home 11.125 Bailev 380 Merrill 13.B25 Bntalt 3 0O NewBritDom 2.30 Calvan 5.10 NewGa'Exol 1.71 CanDfv 3.45 Pac Pete 13 875 Cnd Atlantic 5 90 Kio Palmer 1 02 Con Dragon 325 Tnued 1.80 Del Rio 1 71 Aur.o 2 35 Madsen 2 38 Eeittie-Duo 1.375 Malartie 2 45 Bobio 44 Maritime 2 B25 Broulan 179 McKenRedLk 35 East Ma! 2 34 New North ,115 Giant Yak 5 95 Pick Crow 1.45 Gold CreH 25 Preston 7.15 Kerr Add 17.75 RayrcKk 2.3n Lake-0u .31 Svlvanite 1.35 La Lur 2 65 Trio 97 Shore 5 10 Wneht-Hare 1.90 Mar-Leon" 1.375 Yak Bear 2 14 BASK MKTALS nacon Lead 3 00 Frobish 4.10 Barvue 1.45 Geco 18.00 Bnlund 1 69 Hollinser 23.25 Brunsroan .12125 Insniiation 1.41 BrunswikM 12.00 Labrador 1R.K25 "asiar 8 70 Lake Duff 2.20 Chem Rewar Muiti-Minerl 1.30 Colfistream 1.38 Nic Rim 1.86 ConFemroore 1.60 Sherritt 7 95 Cons Mosher .77 Sto Rook 15.50 HoweT 4 20 Vn Ash 7 85 Smelt 34 75 Ventures 36.875 FalconbdT 29 75 Sheet Knunda Strip Heir Square Circle Flat Date Tuhliif Wire Any Onantit? From On pound tm Cf I at mill Brie that the company was pulling II while the price of glass has held within a 50 per cent rise against an increase of 200 per cent for many other building materials. In fact, the price of glass for automobiles has risen Curtice said: "Many constructive suggestions pertaining to out of its financial difficulties. cut Mutual Life Insurance, and Lantz L. Mackey, independent.

William R. O'Neil. who has relationships between dealers and the factory were developed during the session which will be presented later to the entire IN AUGUST, 1954, the Gen-i almost nothing. Could this mean that the glass industry is eral Tire Rubber Akron, i almost alone in upholding the theory of mass production been serving on the staff of GM passenger car and truck dealer body. nI.

nn mi 1.1 v.w.aMmf Thf Dealer Council is romnosed of 34 members from manv mat wnen me output ot a product or material increases, the lne JJealer Council IS composea OI ol memucio lIU" 000 shares of Motor Product1 and general sales manaeer of AM Stllnlts Steel Allays an FlalMiM Wi thcar tut tilt I tisttaieri' reireaiMit Larqttt Stainless Stocks in Middl Wtst OUR 51ST YEAR-MARK I HARRY JACOBSON CO. 1848 St. Anhln at Caat tirand Hl4. Ketroil II, Mich. Phone TH 1-7306, II 173o7.

Til 1-JH7 iii'ii-e nerrPHses rannrv inrpmpn in i nn nave mnre I Associated Industries of Cleveland reports. This is a 3o-year- velopment manager. The offer ffa withdrawn when the number of shares Production Still Declining oia non-protit industrial relations organization. It surveyed 1102 companies and found that 1,920 foremen average $551.39 tendered by Motor Product John H. Powell, former direc stockholders' did not meet the a month.

or 15-3 per cent more than in 1953. tor of nlannin? of the Plvmouth Passenger car production, which is 20 per cent below the Division of Chrysler hasj Yoilf SAYINGS Eaflt 11 same week last year, will drop slightly again this week conditions of the General Tire i xw Par cutout will be 735 units! offer, according to General wsfss5wssf en appoinieu S- LC A LSJ Tire President William O'Neil. lower than last week to a total of 139,937 and truck assem I operating man-ifager of the One reason General Tire bowed Plymouth 1 1 blies will be down 742 units to 25,089. February output should reach 590,000 compared with out was a heavT stock purchas- rTHTTTTri .71 aw IE a svillej iwr a iii --y a. "A specialist is a guy who has found out which of his talents pay best for the least work and the least responsibility." Thus Michigan Manufacturer and Financial Record quotes a retired Detroit general doctor.

If you are a do-it-yourselfer, you are one in every eight persons in the United States. The Do-It-Yourself Information Kureau is the authority for that startling information. It elaborates: The average do-it-yourselfer spent $350 in 1955 on his "hobby," which was 14 per cent more than the year Plant at Evans-" Mville. it uja onnnnniAH JJ Cm Total Salea: R.OB-.'.noO aharc. January output of 611,190, the trade paper estimates.

'Increased production activities at General Motors and Ford Motor Co. this week will help offset recessions at Chrysler," Automotive News said. OUR SERVICE employes. Donald Cessna, president of Local 203 UAW, covering company workers, even went to New York to address the exclusive by Carl J. i rick, vice presi-j IS FREE! Ul ft CrmNftrattai Larnins dent in charge Banker's Club.

of (before. A survey of manufacturers, wholesalers and retailers The decline in production in United States plants is aimed indicated that about 22,000,000 Americans have been bitten Neimort Industrie 12 month ended Vf.c 31- income 51.0S4V-1. or 1 42 a share. or 23 cent a ahare. year aso CrJrt kr lamr Uit Udrri4mn MMtr tm by 10th Earns rmm lit lav A.y AM.it $500 $1 M4t.dK.

rowell at lowering field stocks at a time of lower sales activity. In England, after a year of peak production and pros- Powell joined 'JfJEJ? COT. in mTinTh is ehl Corn 5 Yr i peritv, the seasonal slump hit several weeks earlier. About CH r.Wpitc TO0AV W0 1 1 5M lie told the club Motor Product employes were unhappy over General Tire's offer and pledged his members to purchase as much stock as possible on a payroll deduction plan. rv income si 1 i i An a cri rv-- i i i i i ft aaa 1 i a.

1 A a' 1 1 Ua. iuuiuei, iiiei.ru ana glass, rami first assignment was in the and wallpaper account for 15 per cent of the dollar total and Dodge Main plant. A year later hand tools 12 per cent. Other major items in demand are he was transferred to Plymouth power tools, floor and wall tile and assorted hardware. Rail!" supervisor and became "eortiand General E.eetne-Tear ended were put on a four-day week the second week in January.

3i: income 85 osi.pso. r.omnetition from France. Germanv and Italy also hit the Uuwo. 1 "icritish car-making industrv. whereas in the United States the i Ossna told the bankers the adds up to a 7-billion-dollar market cnairman of the labor-management committee.

Polaroid r0r: Tear ended Ter 31 41, i Workers WOUld "do he best Work PURCHASING AGENT AVAILABLE Net, mcom. f2.4oe.oon. nr sum aimosi. uueiie cuiiiijcumm ua tuuie num fastest work and the best 15-year perienc. Teals Du f-iArc.

ys. ti.i3ii.uuti, or ti.jn a snare, 'feelf year ajto. iiecii. Mead Corn. Tea' ended Pee 25: He is a graduate of Central (Michigan College of Education.

extile Center Moving to Skyscrapersl Two young Birmingham men. labor relations ever" if control of the company did not change. The staid bankers broke out Designing Sub Contract Stamping Machined Parts Major Assemblies Row Materials. Positions held in the tallowing fields: Aircraft Centra) Mfg. Automotive.

Reply Boi 1247 Detroit Free Press Engineers to Study Volkswagens Vei income or o2 a 'hare. y. I ft.S12.?92. or $4 62 ahare. year ago.

Interchemiral Coro. Tear ended Den. SI Nei inrome 54.74S.O00. or JR.34 a hare. v.

or S5 04 a in applause when the rough and tumble unionist We noticed a New York paper that three big textile w- son of K. T. sat down. rvener, ana victor u. Kocn, son of Victor C.

Koch, retired He had won his noint jllu ol. way uowniown jviannauan 4 Jl i i uuuer nuuts ui a.o-siorv Duiiaine to oe erected soon executive of Fisher Body, have expanded their automotive opera on W. Fortieth. Observers, say that this is becoming the center of the country's textile market, long clustered downtown. To a Detroiter's ear skyscrapers like a strange place for an industry.

Engineering features and the use of extremely light but durable construction permit Volkswagen "Micro" buses and trucks to carry a payload often equal to the curb weight of the vehicle. This is the story that will be told members of the Detroit Section, Society of Automotive Engineers, at their regular dinner meeting Feb. 20 in the Rackham Building. Both the Volkswagen bus and truck will be displayed and the speaker will be L. G.

Boehner, chief engineey of the Volkswagen Co. Boehner worked in the United States from 1923 DOES YOUR OFFICE REQUIRE SPECIAL RULED FORMS? THEN CALl tions to include a large Chicago) dealership. Their firm of Keller-' Koch, which operates the' Chrysler Plymouth Imperial dealership in Birmineham. also THURSDAY night, Cessna sale the passing of control of the company had dumbfounded him. "We didn't have an opportunity to head this off," said Cessna.

"I only hope the new group continues to operate. We're in the. black now and things are going Trend of Staple Prices Dividends will operate the former Hart Paper Ruling CO. Motor in Chicago, under the NEW YORK The Assooialed TTp weiirhtPil whole.alw nrire index nf 35 ACCOUHTm lrrecnlar to 1928 and joined General Motors in Berlin in 1928 He fine. I' "In fad the company is so to North Am lnyest i-ouimnaiues inursday declined name of Keller-Koch, Dodge dealership.

0EEgATEB Is istcTotr designed the famous "Opel Blitz Trucks." Inr reaped Can A- DowmSua Sunray Drua 0 OOKK-ffMN i Previon day 175 week aio 13.48. month aso year arn 6fi J9iS-fi lflS4 ln.i-l IW.VJ i iiiiooltlee 4it SSA Hish 1,,14 175 43. 1S1TI 195. "0 Flltrnl Cnrn. 3 1 3 1 3 i.l 3 4 2 3 1 General Motors' Parade of Progress, the 49-vehicle cara-; van transporting the famous GM science show, opens in Sanj Bernardino, Friday where attendance is expected to, boost the total to more than seven million since the traveling solid the new group could liquidate it and realize a handsome profit.

That's what I'm afraid of." Cessna said the workers, most 'Det. Exchaime I I THURSDAY 147 2 10 no in 05 lfi .30 2 15 45 .45 t-20 4 .50 2 1 fi "5 10 25 C-15 .35 2 10 0 TMH II DKT11LE9 lOfW Any Combination of ln Color! ma 1 trim An COA4lfTf IfWDftr tnyfCf rw low 1 Am nrr Miiyvtr 41 CADILLAC SO. (W. riXX)R WO 1-S0 Ixt, If Low 1RS.CS 158. 170.55 175 53 On Stl Cat I1S26 ayerare equal 100 Konner fn.

National Tea Kerular PAINT St FP1.IES I Karma A A A H. fia API Naval tore Thursday: "Uceint. turnenline "annat Shirt and rosin none: ahinment. turnentitte Stiirk 101. rosin none: giork.

lurpentine 1.545: Rome CaHle roin Sunray Druar Who has the DRY Gl 3 1 2- 2S 3- 1 2-23 snow lett uetrou Apm, iyo. jof whom have 12 or more years' While the auto industry's production is expected to decline service with the company, were this year from the record output of 1955, tire production is still purchasing stock, but not as expected to hit a new peak with sales passing the six-billion-! heavily as before. They had not dollar mark for the first time this year. William O'Neil, ralized contrl of th firm might j.i. r- i nr- t.

r- change. 3 1 beefeater? p.CS.ucut UC.l.rtiU 1U! Nj 1 A A. A 1 1 A 1 I Investment Companies replacement Lires lor me recora numoer oi cars ana txucks the company's nearly 4.000' built in 1953, 1954 and early last year will be the highest! workers were still buying stock Bid Asked regularly. NEW V0RK (API Thursday bid and asked pncea on inveslment company securities were: Bid Asked Foreign Exchaiiffo H'rh 'ow rioe 100 Ainsworth Mir 87 8 7 8 7 140 Amer Metal Prod. 26 "fi 533 Chrysler Corp.

72 fi 7 fl 7" fi 645 'ColumbiaGasSv. 6 1 lfi 1 jfi 1 100 CnnsolidatedPaner 23 22 4 "-'4 110 "Curtiss-Wnrht 2 8 "7 5 "7 5 1537 Detroit Edison 35.1 1 700 Do 10-Day Deliy 35 1 35 1 35 1 loo Det Gray Iron Fdry 2.7 2 7 7 362 "Dow Chemical 58 57 7 58 235 Elec Auto-Lite 36 5 36.5 36 ft 100 Ene Railroad 21 "1 280 Fruehanf Trailer 27 5 27 5 27 5 lrfmmer Mk. 5 35 220 'General Electric 55 55 fi 55 6 1.93 Gencial Motors 43.6 43 5 43 250 Goebel Brew 5 1 5 1 5 1 278 "Grevhound Corn. 14.4 14.4 14 4 100 Hall Lamn 3.3 3 3 3 324 Hoover 18 4 18 4 18 4 100 Howell Electric 4 .1 4 3 4 3 100 IntrnatlTelTel. 30.4 3o.4 30 4 100 Jacobs 7 1 7.1 7 290 43.fi 43.6 43 6 3(55 Kresere 2M.3 29 3 29 a 200 Masco Screw Prod.

3 3 3 IOO NationalElecWeld. 11.6 llfi llfi 100 'Paramount Pic. 33 4 33 4 1525 PeninsularMtlProd. 8.5 8.4 4 100 PeP6i-Cola 22 22 22 170 "Republic Steel 43.fi 43 fi 43 350 Rnc-kwlSorinrAx 28.1 27.5 28 1 207 'Southern Crimp. 20.4 20 3 20 3 274 Stand Oil of nd.

50 5 50.5 50 5 225 Standard Oil nf New Jersev wi 51 2 51 2 51 440 The Prophet Cn. 12.2 12 12 Livestock 1st CSDA l.oh Who are the men drinking Beefeater martinis today? An international Who ot men who know a measurably superior who appreciate the clear, dry brilliance that Beefeater Gin alone imparts xrw voRr ftp Nixon said the new sjroup began buying Motor Products stock soon after General Tire removed itself from the picture. He said the company enjoyed 10.49 14.45 3.55 20.90 19.17 12 21 7.97 5.37 10 10 6.92 9 07 6.28 Mutual Invest 5fi MutualShrs 14 45 Mutual Trust 3 27 NatinnWSec 19.3- Natllnvestrs 17.73 NSccSer-Bal 11.17 Do Bond 7.29 Do Divid'nd 4 91 Do Pref Stk 9.24 Do Income 6.33 Do Stock 8.30 Do Growth 5.75 NewEncldFd 20 12 HOGS Salable 100. Market, mostly r-hansre rales follow I Great Britain in steady, but poorly tested by small re-l dollars, others in rents: (eipta: demand narrow: most sales Canadian dollar in New York open s26.98 Hea. Extrude.

2 M7.75 Many Size Stork 9.80 $3.88 J3.98 Lnited States No and barrows! market A per rent premium or and Kilts 180-230 lbs. 13.00-13. 50: 100.09 i rnifed States rents unchanged. Aberdeen Fd 1.4 4 Affiliated Fd 5.87 AmBusShrs 4.04 AmMutFd 8.32 AssocFdTTust 1.50 AtomDe.Mut 13.86 Axe Houcht A 5.89 Do 24.29 AxeHoushStk 3.96 Blair Hold 4.50 BlueRideMn 12.13 BndlnrTrAm 23.02 Boston Fund 15.87 Broad St Iuv 21.40 BullockFund 1 1 97 good business in 1955. but was presently affected by the slump 21 NICanCan 28 625 30.625 Bid Asked Do Com St 11.7fl 12.91 Do Electron 7.40 8.11 Do Foods 6.23 6.83 Do Full Ad 9.25 10.14 DoGenBd 9.25 10.14 Do Ind 13.40 14.67 Do Inst Bd 9.23 9 61 Do Merer.

11.30 12.38 DoMininr 8 8X 73 DoPrtrol 11.04 12.09 Do RR Bd 3 00 3 30 Do RR Eup 6.55 7.18 Do RR St 10.67 11.69 Do Steel 14 13 15.47 DoTob 4 30 4.73 Do Util 8.84 9.69 Growthlndus 14.27 14.70 GnardianMn 16.14 16.64 tHaydorkJKd. 25.71 25.71 Hudson Fd 15 00 16.22 IticomeFndFd 2.4H 2.72 IncomFdBos 10.10 1104 Incorplncome S.Mt 9.7 7 Incorulnvest 17.48 18 90 InstitBankF 108R 11.89 InstiiFndFd 10 61 11.61 InstitGrwFd 10 63 11 63 InsiitlncomFd 7.13 7.81 TnstitlnsurF 13 90 15.20 to a martini, loin them! ing auto production. Members of the board held r-. of WTfa "Mivrn A T. j( 1 1 mm tuRROUCH'i 0m 6.35 4.31 9.09 1.65 15 12 6.40 26.

411 4.33 5.00 13.18 24 75 17.16 23.14 13 12 8.04 12.52 19.27 5 87 26 40 16.85 21 .63 9 90 12 42 19 94 17.01 16 04 small lots mostly No. 1. and 2 around 190-220 lbs. at 13.50: Xo. 2 and 3 mostly lbs.

12.25-12.75: scattering 260-300 lbs. 11.50-12.25: few 160-1M0 lbs. 12.50-13 00: some, tinder 160 lb. lishtweisrhts and Pifrs fl 50-down to fi 00 to killers: sows under 400 lbs. 10.00-10.50: 425-600-Ib.

'92' 9.00-9.75: boars fi. CATTLE Salable 125. Feoeiots mainly rows: tradinsr yery auiet. market moFit steady: durinsr the week, aond to prime, ted eteers mostly 1 8.00-21. SO; 19.15 14.54 28.63 7 02 William A.

Mayberry and Sher- ranadaGeFd liiss tUROPE Great Britain (pound 1 80J. off A of a cent: Great. Britain 30-day futures 2.80A. off A of a cent-Great Britain 60-day futures 2.79 Ti. off A cf cent: Great Britain fiO-riav futures 2.79 t.

off of a rent: Bplzium (franrl 2 00t. unchanred: France (fianrl .284 of a rent, unchanged: Germapy I Western deutsche mark I 23.80. unchanged: Holland 'ruilrterl 2615, no 00 of a cent: Italy (lira! of a cent, unehans-ed: Portusral iescudoi 3.50. unchanged: Sweden ikrona) 19 34. unchanged: Swil7.erland (franc, free I 23.34.

unchansed: Den mark (kronei 14 50. unchanceri. LATIN AMERICA Argentina (free! 2.45. un .05 of a rent: B'-azil (free! 1 50. up 02 of a cent: Mexico 8.02.

unchanged: Venezuela (bolivar) 30.00. 13.56 42.IMI win A. Hill. .1.4.1 PhilaFurid 17.55 Pine St Fd 22 08 Pioneer Fd 1338 Pnce.TRGrw 28 34 Puritan Fund 6.49 Putnam 12.54 Scudiler Can 40 50 tScud St( r.S.KO Do Com St 22 04 Selected A mSh 8 95 SharehldrsT 11.44 Sowest lnve 1 1 Sovereirnlnv 12.17 Slate Str lnv 3.8 25 fStetnRi-KF 29 12 StcrlinsInFd 12 02 TelevElecFri 10 91 BEEFEATER 9t Proof, Distilled from Grain Imported from England by Mraad Cnr.til, N.Y. 1, N.Y.

nil TUESn FBI. TIL I P.M. I Elk. W. OF OAKLAND 35 -Toledo Kdtson 14 3 14 2 14" 1 230 I'dvlite Cro.

13.4 13.4 13 4 68 642 IT. S. Steel 52.2 51.7 52 37! Wayne Sceew Prod I I 11 11 l- P'ti 60 WcstinrhniisElcc 59 fS 4 58 4 13 33 100 Woolwortto 48 2 48 2 48.2 40 7 5 1 Total Sales: 17.771 shares. 12 T' I wi-When issued 1 1 89 1 'Unlisted tradinr privileces. Canadian Fd 17 81 ran Venture 5.36 enturShrT 24 42 Chemical Fd 15.5S Colonial Fd 19 93 Comwltlnvest 9 1 1 CnmwItSrKd 11.43 i omnosiBi-S 18.34 ComnositeFd 15 65 Concord Fd 14.84 ConlnvostTr 47.

oo CrownWI-DIn 6.76 deVezhMutF 60,47 Delaware Fd 10 70 PiversGrtStk 11 10 hulk mo-tly choice steers la.tHi-'.'l (Ml: lop 22.50 for 11 head prime 1.078 lb. teer: choice and prime 1.232 lb. 20.00: load rhoire 1.264 lbs. Jfl.00: load hirh choice 813 lb. heifpra 18.50: commercial and good steers 17.00-18.00: commercial and aood heifers 15.0O-lfi.0O; bulk utility and commercial IntrRcsources 4.1 11 Farmers' 3Iarket The followinr wholesale rtrices royer rrowr ales of local produce: FRUITS Apple.

Delicious. Fancy. 5 00 bu No 1. 3 50-4 00 Annies. 3 50 bu No 1.

2 50-3 00 Annies. Mcintosh. Fancy. 3.25 No. 1 2.50-3.00 Annie Northern Spy.

Fanc-T. 4 00 No. 1. 2.7 bn. VEGETABLES.

MrSC Beets. Tnnpert. No. 1. 1.50-2.00 bu.

Cabhate. n0. 50.00 nncbanKcd. Temolet Can 21.50 23 50 FAR EAST Hone Knur (dollar) 17.60. unchanged.

FOR SALE OR LEASE Bank Slocks Bid Asked An.Oiy City Bnk 36 40 I exas rt 7 99 8 7 3 I'nitAccumF 10.35 11.25 Vnit Cont Fd 7.45 8.1 4 I'nitlncomeFd 9 69 10 53 VnitScienceF 10.05 10 9S I'nit Fd Can 14. H6 15.H3 Value Line 6.49 7.09 ValueLiIncnm 6.06 6 62 Van 11 98 1304 Wall St lnv fi8 7.52 Wash Mut lnv 8.24 9.0 WellinetonF 26.21 28 57 WhitehallFd 24.0:t 25. 9S Wisconsin Fd 5.27 5.70 steers and heifers 12.00-15.00; bulk utility cows 11.00-12.50. better cows 13.00: ranners and cutters mostly 9.50-11.50; bulk utility and commercial bulls 13.00-16.00. CALVES Salable 25.

Today's market steady: durinK the week, bulk eood and low choice vealers 21.00-28.00; hieh choice and prime yealers 29.00-35 00: utility and commercial trades 16.00-21.00: cull and utility grade 1100-16 (o SHEEP Salable 25. Tnday'a trade nominally unchansed. This week, i slaushtrr lambs recovered early declines Invest Co Am 9 06 9 90 Invest Tr Post 9.91 10.83 i.Iohnton 20 49 20 4 9 KevtCutBl 26.70 27.86 Do 2 25.93 28.29 Do 3 19.07 20.81 DoB4 11.20 12.23 DoKl 19.39 21.15 DoK2 11.19 12.21 Do 8 1 16 22 17.70 DoS2 11.86 12.95 Do S3 12.70 13.86 DoS4 9)1 9.94 Kevst Fd Can 10 31 11. lfi Knickerhoc-kF 6.28 6 88 U-xinei Fd 11.72 12.8: Life Ins lnv 15.24 16.25 tLoomSayM 43.55 43.55 4.91 5.41 Do Elec 2.66 2.93 Do Gen Ind 4 04 4.45 Do Metal 3.23 3.56 Bank of the rmwlth 170 200 5.00 The Detrnit Bank 50 53 4 '2 00 Detroit-Wabeek BAT SO 53 4 1.60 Mfrs National Bank 50 53.4 1.60 7.40 61 OS 11.77 12.16 9 96 18.80 2 90 8.55 22 63 20.48 4.91 7.16 11.98 15.17 4.17 54.50 780 10.57 16.60 15.17 78.05 7.93 11 11 12.08 7 20 50 12 90 A SALES CAREER Nationally Iinown invejtmenf trust (mutual fund) requires sales personnel with ABILITY and CHARACTER to represent them in Michigan. Men selected will have opportunity tor division managerships.

We provide thorough training program. High earning potential to those who will work. Representative will be in Detroit for interviews Feb. 24-26. Write Box 1341 Free Press, Detroit 31 National Rk of Pet 59 61.4 2 00 (Quotations furnished by sources The 2.00-2.

50 Cabbace. Tied. No. 1. 1.75-2 25 bu.

Carrots. TonDfd. Fancy. 3.75 No. 1.

2.25-2.75 bu. Celery Root. No 1. 1.00-1.50 doz. bchs Horseradish.

No. 1. 3.50-4 00 pk. ba-ket. Leeks.

No. 1. 1 doa. bchs. Onions.

Dry. Fancy. 1.75 50-lb bar: No. 1. 1.40-1.65 50-lb bar.

Parsley. Curly. No. 1. 85-1 00 doz.

Parsley. Root. No. 1, 1.00-1 25 doz. bchs.

Parsnips. No. 1. 1.00-1. 50 '-4 bu.

Potatoes. Fancy. 1 50 50-lb bac: No. 1. 1 50-lb.

bag-. Radishes. Black. No. 1.

1.50-2 00 Radishes Hothouse. No. 1. 1.50 bchs. Rhubarb.

Hothouse. Fancy. 1.00 5-lb. box- No. 1.

80 5-lh. box: Rhubarb. Hothouse. Fancy. 1.50 doz No.

1. 1.00-1.35 doz. bchs. Rutabagas. No.

1. 1.25-1.50 bu. Souash. Delicious. No I bu Souash.

Diverslnvestr H.iiH DiversifdTE 16 63 Dividend 'shrs 2 64 Dreyfus Fd 7.87 EatA-HowBal 21.16 19.15 Electron lnv 4.49 Enuitv Fund 6 91 FederaFdNE 10.96 Fidelity Fnd 14.03 Finan Ind Fd 3.81 First Bo-t Cp 51 5 FormuIFBos 14 34 FndersMutFd 7.18 FrankCusCoS 9 64 Do Pf Ser 7.52 Fundara Inr 15.15 GasIndustFd 13.88 Gen Capital 72.59 Gen Invest Tr 7.30 GrounSAuto 10 14 Do Aviat 11.03 Do Bide 6.56 DoCanGrt 8 67 Do Chem 11.78 tree fress considers reliable. I TREASURY REPORT Quotations furnished National Association of Sec-urities Dealers. which etatca they do not necessarily reflect actual WASHINGTON (API The rash position of the treasury Feb. 6: Balance. Do Paper 4.37 4.K1 3.42 transactions or firm bins FACTORY RECONDITIONED VANS.

FLATS. DUMPS, SINGLE AXLE AND TANDEMS EDWARDS TRAILER CO. 23SOO SHERWOOD CENTERLINE, MICH. Jt O-OaCU to finish steady with week agro: bulk to prime wooled lam be under 107 lbs. around 200 head choice and prime 91-102 lbs.

21.65-22.00: zood to prime shorn lambs mostly No. 1 pelt" 19.00-20 50: ruM to choice wooled slaughter sheep 5.00-10.00- shorn sheep cull to choice 4.00 9.00. E.timat(-s for Monday Cattle 2.200. calves HOO. hogrs 1.200.

sheen 2.000. X3. 462.341. 812.21- deposits fiscal year July 1. S35.20O.46fi.478.

68- withdrawals fiscal year. S42.398.512. 34 1 total Do Petrol 3 lo Do Snl lnv 2.88 Do Transn 3 24 ManhatBndFd 8 22 MassInTrust 32.02 MassInvGrow 9.51 Mass Life Fd 37.89 debt. 27H.73x. 772.641.

eold assets $21 693.019 244 04 3.18 or offers but should cats approximate prices 9.01 and unless otherwise nidi. 34.62 rated, are as ouoled by 10.28 the sponsors or tssuert. 40.96s tNet asset tsIub. I Hubhara. No.

1. bu. Tomatoes. 2.00-2.40 8-lb. basket Includes $471.699 873 80 debt noU Hothouse.

No 1. 2.00 Hothouse. No 1. sunieci, in siamtorv limn. Turnin.

Tooned. No. 1. 2 00-2 50 bu. BDIETHSODILTr MCDffiTffllEIffiN SAYINGS LOAN ASSOCIATION, EST.

1887 Hem Officii: Hieel. Michigan 301 W. lfdVtH Iraiich. WOarfwerd J.54J BRANCH AGENCY: 1S445 W. McNICHOLS XD VE 7-5100 CI RRFNT ASStT f) tR 7 1EAB8 OF covmrnr nivioFATts 'y'r 'yr' y'yyyr'i 'w 7r''' 1 If mF-yi I.