Detroit Free Press from Detroit, Michigan • Page 10

a 1 yt' 1 Wednesday. Feb. 2. 5tt DETROIT REE BUSINESS: Delay in Rail Freight Rate Increase Looms Earnings pet. Exchange Business Briefs TODAY IN BUSLNESS Steel Rush Continues WORLD OF WHEELS Volvo Eyes U.S.

Market ICC Plans Crowded By Hearings earnings $707,459, or $1.85 a share, compared to $1.53 a share in 1954. Sales $18,714,747 $14,822,180. Thompson Products for net income $11,340,792, or $4.03 BY LEO DONOVAN Fret I'rcu AatitmotWe Writet BY KENNETH A. THOMPSON Free PreM inancial Writer WASHINGTON (JP) The Interstate Commerce Commission Two vice presidential appointments at Holley Carburetor Co. were announced by George M.

Holley, president. Byron B. Phillips, former partner in charge of the Detroit office of Arthur Andersen or $4.25 a share, in 1954. Sales indicated Tuesday it may have to i $286,229,015 vs. $268,980,897.

The steel industry's slight easing of production in the lastj Powa1955 Pt inoomP s.i.- AKTIEBOLAGET VOLVO is a customer, a potential com-1 postpone a 7 per cent railroad ipetitor and one of those charming, almost hidden segments of jfreight rate increase scheduled to i two weeks has little significance with a high tide of demand or 4to share. vs. itor and one of those charming, almost hidden segments of 404. or $4.05 year aso. national accountancy firm, the auto industry, auto industry.

go into effect next Saturday You come upon it by chance, perhaps, unless you know holding full strength, according to such close observers as the Issue Hieh Invr flnse 445 American Airlines 24 23 6 24 l'Ml Armco Steel 50 5(1 50 125 BalcinLima 13 7 13 7 13 7 25(1 aluniet i- H'-. la 14 14 14 1 loo anadianPacRwv 32 4 32 4 32 4 3TH Chrv-ler orn. 72.4 72 4 72 4 10 Curtiss-WriEht 29 29 Detroit Edison 34 6 34 6 34 6 2nd Iet. Steel Corn 16. 1 16 16 1 265 'Dow Chemical 61 3 61 3 61 3 2im Federal -Moi--iBovi-B 33 4 334 33 4 414 Fruehauf Trailer 2 27 7 27.7 475 CJarWoodlnd.

7 6 7.4 7 5 lOOl (rfneral Molors 44 1 44.1 44 1 Hdtl 1 6 1.5 1 fi 229 Greyhound Corn. 14 3 14 3 14 3 230 Hoover IS IS 1 2(10 Hoskins Mfe. 21 21! CI. 6 ion Houdaille Ind Inc. 13.6 1:1 l.t fi Kid Ironrile.

Inc. 7 6 7.6 6 ISO 42 1 42.1 42 1 2dO Kaiser Motors CorD. 3.4 3 4 3 4 163 a sco Prod. 3 3 3 122 MontcomerWard 8 SS 6 loo Ml Clemens Metal 4 4 4 1(10 NuttonaiKlecWeld. 117 117 117 leu NorihStaiesPr.ro.

1.7 17.7 17 7 242 Parke Pavi-( 4 1 45 45 1 695 Peiiinsular.MilProd 9 1 9 1 9 1 2(M 'Peiisi-t ola 22 7 22.7 C2 7 111 KemihAv lairorn. 37 3 37 3 37 3 1511 Ri kv A 2S 2 17 1 Rudv tur 's 4 4 4 145 ScoHen DilInn IS 1 165 'Sinclair Oil 58 4 68 4 58 4 574 Slmlehaker-Packarri 9 2 9 2 9 2 1 StinravOil 23 5 23 5 C3 5 ion Siioeriiir Oil 6 4 6 4 6 4 8S5 Toledo Edison 144 14 3 144 27 Vdvlue orp. 13 6 13 6 13 6 315 Steel 55 1 55 1 55 1 MO WoolmrthOo FW 48 4S 4 Acting Chairman J. Monroe TrVii- crn raioaH tViie tsc ci Vi lit- Atlantic Coast Line 1955 net income Sl.42ft.297. or $2.02 a share, vs.

429.798. or $2.03. year ago. Ameriran Gas Electric Tear ended metal-working weekly, Iron Age. It reports that a few order R.

Burley Miller, or have direct business at 19170 Jamesfrom the bench as the rommis- cancellations also have been misleading and that a "breathing 31: net income $38.4 1.6M. -i 56. Couzens. sion heard final arguments on i spell" in demand as late as the third quarter would be highly! 2.j share. v.

or a year aEO. Aktiebolaget Volvo is a Swedish concern that has been in whether to issue a blocking order welcome in the industry. Home building, freight car pro-. Detroit since 1922, buying standard automotive parts for and then Proceed to ful1 nears grams, highway programs and new construction in the oil and year share, year aco. Volvo passenger cars, trucks, buses and tractors.

Volvo also proposed 1 raie cnane. industry are enough to keep things rolling, the magazine 1 .1 Yl 1 1 net in. I Htm pvpn Hum rr HKris xir. i triiisLciLiii aicci uiucia dicvi- r-i. i i mu jiiais.t', jul maiiue ennus, piiiuiiig jmiies chief railroad attorney max i 1 $3 1 IKS.

161. or KS 'nls. year aco and other machine tools. I another day at least is required ously cancelled, bteel plants are operaiing on emergency f.reenfieid Tat. iie net i.

eom 1. 175.0(111. or $4.79 a share, vs maintenance and a shutdown for thorough overhaul ot tur-; $587,534. or $2.40. year ago.

Miller, formerly with Studebaker, is the general manager oimntlmo rhics Trnn firaj on-Kohinson Stores Sit months for arguments and the commission might not have time to make a judgment before Saturday. ended Jan. 31: net income of the Detroit office of Aktiebolaget Volvo. With a staff of seven, he serves as a listening post in the Motor Capital, sup- Hof meister Philips or $1.39 a share, vs. or 32 oems a share, year aeo.

Hanilv Harman 1955 net income or 61 cenn a share, ts. or 42 cents, year aeo. Age suggests. The demand situation is so bad the steel mills are having to "compete with their own customers" for steel needed for new steel-making facilities. Total Sales: 17.796 shares.

Unlisted traduie onvileees. named vice president of finance auL" muuauJ iwul; THE RAILROADS had plan- find treasurer. Carl H. million dollars worth of cold rolled sheet steel, axles, ned to apply the increase pending meister was nromoted to vice brakes, transmissions, wheels and other vehicle components bearings later before the ICC, I.ARD -(API Cash laid sai a sound Tuesday; loose Hazel-Atlas Claw. 12 months ended i Dec.

31: net income $3,392,833. or $1 5fi a share, vs. $3,628,691. or $1.67 a CHICAGO -share, year aeo. 1 1 cents Jefferson Lake Sulphur 1955 net in- 9 87 president of planning and new annually.

products. For a reduced price of $523, the Detroit Office of the Commerce Department is offering a package of reclassified industry reports of the Atomic Energy Commission. Charles II, Morse, uncle of Robert H. Morse, president However, Kaier said the industry would accept a short postponement if necessary. Johnson said the commission would know by Wednesday whether more time is required.

In the wintertime, Miller has to ship most of his purchases through the port of New York to such exotic places as Gothenborg, Hoping (pronounced Chirping), Eskilstuna and Svenska in Sweden. He is an enthusiastic supporter of the Great Lakes Sea TOOL AND DIE PLANT Detroit Area. Servicing Leading Manufacturers. Highly Profitable. Service of Principal Available.

Price with terms available. Box 7266 Detroit Free The Institute of Motivational Research and its president. Dr. Ernest Dichter. have been retained as consultants by Brooks, Fmith, French Dorrance, Detroit advertising agency with The railroads have contended of Fairbanks, Morse major heavy-machinery concern, gave come Sl.711.lM9.

or $2.32 a share, vs. $2,183,799. or $3 00. year a. R.

Kinney Inc. 1955 net income $1 729.117 or $6.14 a share, vs. $1,356,868. or $4.55, year afo. Lehigh Valley Coal 1955 consolidated net income $339,951, vs.

net loss year ago. McGraw Fleetrir 1955 net income W. 501 .000. or $4.51 a share, vs. or $4 59.

year aero. Missouri Portland Cement 1955 net income or $417 a share, vs. $2,540,033. or $3.52, year ago. Master electric 12 months ended; Tec.

31 net income $1,360,766. or $2 25 in the present short-cut pro- direct and cheaper shipping! reeding that they are being way, tor it will provide a more offices in New York and tQ gweden when it I UliL lSLO. deprived 01 1 in revenues for eaeh day's delay in making the increase effective. Protests on the increase and little aid to his nephew Tuesday as the Chicago hearing continued on the petition for injunction against the company by-Leopold Silberstein and the Penn-Texas Corp. The senior Morse told of his stock option to Silberstein and how he disagreed with the company's plan to take over Canadian Locomotive, Ltd.

Silberstein is making the latter deal the issue of the hearing. He is seeking a strong voice in management. McCrachcn Repeals Demands completed. Next spring, Volvo passenger cars will be displayed The appointment was an-rriunced jointly by Walter C. Avers, president of and Dr.

Dichter. ia share vs. $1,355,893. or $2.24 share year aso. I J.

J. New-herrv 12 months ended T)ec. 31 iwt in. ome $5,845,129 or $3 59 a I sharp, vs. $4 883.986.

or $2 96 a share. 1 year aco. A. O. Smith Six months ended Jan i 31 net in.

ome $2 .789.396 or $2.79 a share, vs. $1 .769.589. or $1.77. year aeo. Ithe procedure being followed were presented Tuesday by representatives of the California Grapes arid Tree Fruit League, California-Arizona Citrus Fruit jGrowers, Florida Citrus Commis at New York's new Coliseum Miss -Constance LeMond.

for- aIon? with lot of other formerly associated with the Grand cign cars, and perhaps serious Imperial Hotel in Silverton, attempt will be made there-has joined the staff of Sheraton 'after to sell Swedish cars on Cadillac Hotel as sales represent jn the American IMoo net income share, vs. The present "becalmed, evenly-balanced" business picture $915,775. or 90 eenn sion, the National Wine Institute year aco Atetintl cs In FMtral Si.ihm 4 I AUMittitftl CFIRE 10tk mentli FARN IVIDiSOS MOM Send lor tree booklet Federally Insured savings Northwest Horticultural al Council, 1 is going to make "those responsible for economic policy" earn Tnnff-Sol Flertrir 19.55 n--t inmmf of Trade! i their pay, Prof. Paul W. McCracken, of University of Michi-1 Kansas City Board market.

Right now there are distributors in California and Barey and Malt Institute Na- 1st. gan, said Tuesday in a talk before the Detroit chapter of the tional Livestock Producers As tative. Joseph M. curry, general manager, announced. Born and educated in Texas, Miss LeMond has been in hotel work since 1948.

S. Tobacco -1955 net income 2 or 51.42 a share, vs. or 51 26. year asm. S.

Smeltine Refininr Mining: 1955 net income 4 497.138 or 5 41 a iexas ior voivo cars, ana junier nas a lew at nis oince. Last year Volvo produced about 45,000 vehicles and the year before about 42,000. It is getting more and more competition from the growing German auto industry in European markets. sociation, National Wool Growers Association, Midwest Meat Packers, West Coast Lumber- man's Association, the Cancers I League of California and the Na-: tional Coal Association. 1064 Penobscot Building WO 1-8995 Detroit 2 NO CHARGE FOR OUR SERVICES A group of Detroit area men announced the formation of a firm to serve in one of the most National Office Management Association.

Prof. McCracken, whose business outlooks are receiving more and more national attention, was one of the first economists last year to foresee a leveling off of the national economy this year. And while he didn't claim omniscience Tuesday, he indicated that present "cross currents" bear out his view. He repeated his recommendation for "some easing of credit generally without danger of renewed inflationary pressure." He also wants a tax reduction "even in an election year" and some re-examination by business of its inventory policies that have been producing adverse "gyrations." In recent vears. Miller has been shinninf? a smaller variety: STAINLESS STEEL HEADQUARTERS share, vs.

$1,935,300. or 56 cents, year Cniteti-Carr Fastener Tear ended Tiec. 31: net income $4,134,065. or $6.37 a share, vs. $2,549,133.

er $4.04 a share, yenr airo. Waukesha Motor Pit months ended Jan. 31 net income $1,469 472 or $2.45 a share, va. $583,666. or 97 cents, year aro.

Wisconsin F.leetrle Power 1955 net income $12,162,209. or $2 36 a share, vs. $11. 90S. 221.

or $2 31. year aro. Wisconsin Public Servlce 1955 net income $5 "21 419. or $1.74 a share, vs. $4 667 621 or $1 52.

year ro. Woodward Iron 12 month, ended TVc 31- net income 716 9S4 or $4 12 a share, vs. $5,822,555. or $2 75 a share, year aco. Tnion Electric of Missonri Year specialized phases of construe- of automotive parts to Sweden because Volvo is able to get foup tion explosives contracting.

r. Ui.ui.ij u. tne railroads have "failed to them cheaper at home, but what he does buy is bought in snow tne existence of an Cmer- The firm, AAA Blasting: Rntinda Heiea Cirrlea Dates Wire Shet Strip Square flats Tubing Any Quantity rom On pound to 1 at mill Driest greater quantity. Last year, for instance, he shipped 15,000 gency" warranting a quick boost tons of cold rolled sheets to Gothenborg. in rates.

Originallv, Volvo was part of SKF Industries, but has since In a brief supporting- final hwnniP a stnrlr romnanv Tt mr.ro 11 Onn in nriuie Lie ine a.s- enr i a i nn r-Y a I Ion -a i 1 rria A act i Svirgical operations on television should soon be seen on colorcasts. Radio of America announced it has sold its first mobile color TV studio to a pharmaceutical firm for $200,000. Service, Rochester, will be headed by William IVnnanen. ierald I hlar and -Itihn Tur-Uian. of Detroit, and Verne ('.

Smith, of Utica. are other of-firpr-owner. R. Ross, general man- zer, reports that the firm has encountered frost lines down four feet in recent operations. ended TVc 31 net income 19 763 OOO.

ior 70 a share, vs $1.278.644. or I 1 65 a share, year aeo. five plants in Sweden and is one of the most progressive firms mates that freight volume this in the Land of the Midnight Sun, Miller reports. year will be about the same as 1 955, with operating costs sub- 'stantially higher. ior tSew-iAir Huxers: AM Stainless Strfl Allnvi an FlnlvtiM Wi shar sno slit ts csstontfri' rcflsirfmpnti Largest Stainless Steel Stocks in Middle West OUR 51ST YEAR MARK HARRY JAC08S0N CO.

7348 St. Anhln at Fjist (irand Blvd. Itetroit II. Mich. Phone TR 1-7306, TI 1-73o7, TR 1-2147 Grain Pit The demands of Edward Lamb, Ohio newspaper and radio- isnMnmnie ann m- television station owner and industrialist, on Seiberling Rubber nOORTGAGE MVl i a mc Co.

for management control were rebuffed Tuesday morning fairly heavy prnm-takinr by Seibering directors. He revealed that he OWnS 115,000 Of Tuesday. Gains and losses about offset I the company's 414,000 common shares and he asked that he sriiinTpresstire wa, cen-be given either five of nine directors or four directors and I''1 inT.whe?t- an1 yM i beans. But hv the finish some wheat the executive officership. Seibering directors told him rye futures had recovered to ro ahead of the previous close.

This was he have to wait until the stockholder meeting in April and, particularly true of new crop wheat, besides, his holdings entitled him to "barely three" directors. 1 wMS Ve.d Holeve7.vTorsse: in'b'eans AToonurViilo WJov AO Onfl oWio-oo i at Ihe close were limited tn less than 2 Auto dealer-factory relations show a 'sign of tended began rising last- May DetroU Testing Laboratory Car, Fribley, new president of the National Automobile "and still continue to rise' announced gross income from DeaIers testified in Washington Tuesday. I fees up 8 per cent in 19oo de- n11 The brief asserted a projection nite a crippling fire that cur- But Senator Monroney who is conducting hear- of this trend thJat tailed operations for three ings into automotive trade practices, brought out that for 1956 will be over Chicago Better Business Bureau had been unable to curb "bad one billion dollars ahead of last Douglas Dow, president, said retailing." iyear. "or over three times the total income was $343,907. a 5Iorris Katner former owner of North Grand Ford, Inc.Jamou of (railroad) ov-uoj vjii uu.uuu ouoito ui This compared with cains run- He said a 5-cent-a-share dividend of Chicago, testified that Ford Dealer Development Corp Railroad attorneys have argued i Co- in Detroit will expire this week.

He hasn't visited "-m ii tii i a "i i rrru im in iiuim mt- "mi i Residences Apartments Business Properties Latin (or rapt ndent Provident Mutual Life Insurance Co. State Mutual Lite Assurance Co. hrm Kites Prompt Smrvicm CM. HARMON GO. 1X' 27bb Penobscot Bldq.

WO was declared. payaDie April uie imu vu. unit, umia uusi i'loiors, ui mcagu, which that the 7 per cent increase, ex-first cash payment since forma- was offering buyers $300 each to buy pected to produce about' 500 tion of the company. Monroney produced an advertisement by Bright Motors million dollars in additional rev- wie company yet nor maicaiea wnai ne pians 10 ao ne ex-; and ffneraiiy worked mrourhout At a- tbp dav. Thev weppn't cnbierted to the erClSeS trie Option.

prof.t-iakinr not-d in othpr rpreal h- jt "'ans neither corn nor oats has shown i much Ptrength. offprint cash tn a buver tn trade in an nlrl ear and rav enue annually, is necessary lm oiiermg aouu casn to a ouyer to traae an old car and pay u.y, lowpr to i ffrn -1 hicripr. rwt rii wheat doed The. Detroit Edison Co. has in- Si3.50 a week on a new one.

Ratner said that Bright Motors mediartelVt meet the- C0St blCC) liOCk 1 (IX LUlUH that it has recent industry wage increases: 001 March rye stockholders tnai WTip at olnod oats 5ti-sw hirhrr. lowpr to higher. formed was operated as a "stimulator" of new car sales and advancing materials Cyrus S. Eaton, colorful and controversial Cleveland fin- uariower Marrh and urd ancier, and William R. Daley, president of Eaton's Otis "MaVh a hunHred 1 AT 1 A SrtA AAA 1 1 I pSn of m5 Edison dividends The Chicago Better Business Bureau had been "tearing excludable from gross income its hair but could do nothing, Ratner said.

(A buyer who subject to Federal income tax pays $13.50 a week for three years would pay $2,106. In re- snd that the figure is 16.79 per turn for his present car and $2,106 he would receive a new are ngnung a feaerai tax claim in sessions 01 a Rante of tmure. tax rrnirt which fitartpH thic wspV in Plovolant Tha el-iim Wheat Oien Hish Toronto Stocks TUESDAY LEAKING STOCKS cent. 2.ifi7; 1 nn ni 2 05 1 12 'i Cle 2 13', 2.1fi'- 1 2 01 1 2 05 'i 1 .11 1 .15 '4 l.in'i, 1.40I, 1.16 '-i hinges, on operations of Premium Iron Ores, an Eaton-! Daley company that had exclusive sales rights on ore mined j' 2- irom the rich Steep Rock ore field. The Internal Revenue cm Service contends that Eaton and Daley were paid handsomely May ijui r- i.

j. il. t- Julv T.ow 2.1R"e 2 15 '4 1 PR' 2.00', 2 04 'i 1 ..10 s. 1 .14 1.1S' 1 1 .14 'i E-LEASE DOLLARS 1 1.40 LEASE WORRY LEASE COSTS ior ineir pari, in geiung me steep iwOCK project into proauc-j sept, i nr'i vi4n; 1 iv. Iflt" fV.n T5: t.j -rr: I Pee.

car and $300 cash.) Fribley asked that Congress write "ground rules" to govern relationships between auto makers and new-car retailers. Monroney commented that writing laws affecting private contracts "reaches far into the field of free enterprise." He said he thought changes could be made cautiously. NADA witnesses will testify the rest of this week. James J. Nance, president of Studebaker-Packard, and L.

L. Colbert, president of Chrysler, are scheduled to testify next week. lease-A-Car SEE OFFICE EQUIPMENT that pays for itself Everything for the office except machines (292-page Catalog, jree) Shaw-Walker Store, 6537 Second Blvd. liu" in ouu uiai oinLc a icuuum iiuu vyics liciu an oince in the Terminal Tower in Cleveland, the company's income in this country should be taxable. Oats-Manh May July Sept.

Dec. 61 64 64 65 67 WO 1-574 lu. Volume Mn I Aunianu" Golflora fs-: .:) iArion S1.1.8:;n .57 I Lonieza 7 57.0-1 1 .1 if on. Halliwrll J.5K iPaiamainie I Hv-f'harrer 45H.900 .1 I Nornax .79 old-tream 1 Vlrnur 1 ixnrsTKiAi.s Tsne riose T8iir rinne Abu Imo Oit 540.0(1 I Brazil fl.S7o Lohlaw 65.00 rid Brew 31.50 Trans Mnt 48.15 Dist Sear SS.Ofl T'nion Gas 4 25 I Fanny 2.1.50 VniteilSteel 14 75 Int PiDe 30 50 Walkers 70.00 rRAN'HMS 17 25 Lorado 180 B. U.

1 .35 NesLah hirno 1.75 New Alirrr I icon Den 10.0(1 New Athon 82 onPi-r New Oelhl 101 I Nifhol .40 Panel 1.70 ifeCoursev HI Railuir 15.1 Pvno 1 .40 Rex-nar .57 Clenn 1 Kix-Aiha 1 00 I Giinnar IS. 00 Livestock Rye March 127 "4 Mav 1.27 July 1.21'? Sept. 1.22 Soybeans March 2 57 Mav 2.62 '4 July 2 65 '4 Sept. 2 4S Nov. 2 .17 6.1'i 63 63 i 64 64 64 'i i 64 6.1 64 65 65 65 67 Vi 66 Ti 67 1 38 1.26' 1.27T; 1.27'i 1.26 1.27H 1.21 7 1.20 1 .21 7s 1.22 1.21'4 1 22 'i 59 2 56 2 57 2 64 2 61Vi 2 62U 2 67'-i 2 64 2.65 'i 2 SOU 2 46 'i 2 47i, 2.3S 2.36 T.

2 37 12 15 12.00 12 05 12 6 12 45 12 50 13 02 12 85 12 90 1.130 13 10 13 15 1.1 10 13 05 13 10 Edison Power Sales Climb 'Increasing: use of electric pow 15 YEARS EXPERIENCE Personnel, piirchosinq, plus qeneral effict management, desires connection with industrial company where Intelligent work will mean a tuture. Best ot references. PAUL E. KREKER 522 N. West St.

Royal Ook, Mich. Lincoln 3-224 Dividends Ironrite, Inc. 10 cents a common share, payable March 30 to record of March 5. Also quarter- Produce Markets Federal-State Market News Service The followme prices per dozen were paid f.o.b. Detroit bv first receivers leases included I for case lots of Federal-State RTaded etre-s from grading stations Tuesday February 21.

1956. WHITE EtiGS: V. (Trade A. Jnriho 50-51c. Larte 46-51c.

Medium 43c. U.S. Grade R. Larue 4.1-44C. BROWN EGGS: U.

S. Grade A. T.aree 45-46V. 1.7. S.

Grade B. Larire 34 37c. The following prices were paid f.o.b. SAD -Srtlablx Situ. Trariint slow HOGS- er throughout Southeastern n- fMirlv Uniform 1UII'1 ly of 13 "'4 cents a Share to pre- ami trade: WuM UU mostly No.

Michigan is indicated in both the May 12 50 production and revenue reports 11 10 of the Detroit Kriison Cn. OH 13 07 I aroiimi von hs. hulk No. anil harrow an.i silt, lb 1 1 1 50. with arounil His.

with NO I Pllll at 11.5: niHSt lh.UHw.mnnl WKSTKRN OILS .6225 Home S5 Merrill 11 00 In the 12 months which ended bMT.heat "nCP mar- 10.75-11. few lh. 1 1 4,,, 11 1.50 ferred stock, payable April. 30 to record of Aprii 16. DWG C'ijrar 20 cent: a common share, payable March 24 to record of March 5.

The Detroit Bank Quarterly iiTai ioi coninion miner inii'Ratlev NewPritriom 2.5 Ois. llfflltweiShl8 down to 6 00: moot Rrilalla .1 (til NewGaExtil 1 Jan. 31, total powr output of Marrh heat the company was 12,834,602,500 Hish lov kilowatthours an increase of Kan. City 2.14 2 i3Ti FOR SALE Welt known aggressive Stoker distributor end heating service organization. Approi.

$10.000 gross yearly. Nationally known products. Established 30 years. Owner must retire. Approi.

$25,000 inventory. Financing considered. Box 120. Detroit Free Press, 31. .145 PacPete 13 50 (Detroit hv Jirst receivers lcaw- included fur case lots of couimerctallv iirraded e-s; WHITES: Grade A.

Larsre 42-45'ic. Medium BRUWNS; Grade A. Larse 42-13 'ic. Medium WHITES: Extras, t.arire (Min. 60 A yualityi 0c.

Medium (Mm. 60 A Oualitvt 35c. I BROWNS: Extras. Laree (Min. 60, A Vuahtvl 37-38c.

Medium (Min. 60 A Oualitv) 33e. Checks 36-36 V.c. V(ia COMMENT- Market steady to sow under 400 lbs. 9 few an Dev -better lit'htweiifht" do to lit.

5(1 Most I Cud Atlantic Prev. Close f'lose I.14H 2.14's 5.90 .10 425-600 lb. eows 8.50-9.25. f'on Dracon .4175 Reef Pete Rto Palmer United l.SO 1 70 rATTt.v 1 f.nit Del Rio 1 70 Of 40 cents a Common Share, pay-I plies include around 90i) steers' and Devon Leduc 15.1 19.3 per cent over the corre-j STEEL spondmg; period of 19o4-5o. pittsbrgh fAPi eran steel Net earnings of the company ioo-oofj" at GOMIS 30 Madsen 2 .11 LONGSPAN JOISTS and Structural Steel We can meet your schedule for early delivery.

Arrov Steel Go. 12115 Cloverdcle WE 3-0026 (1 ifirm. Receipts of top Quality nearby eccB Malartic Maritime nave aecunea ana are snort oi iieeus. i MeKenReriLl? .3." 1.59 .45 1.77 7.00 2.30 6 70 ahlo Marrli tn rpr-nrrl nf Mareh 1 earned from Monday: outlet aDie ftiarcn ciU lO recora or Marcn rather narrow and demand uncertain 9 Adjusfng for recent 50-per-j or ulaushter steers and heifers, clear-' j. 1 ance affain inromplete: steers and heifers Cent StOCK dividend, rate IS in- about steady with Monday's full decline: rrpaipd 9C ner rent utility cows very Blow, closine mostly creasea per cent.

50c 0anners and cutters mostly pforv Stwl "in rentt steady to weak: bulls steady: stotkers Kotarj teei ou cenis and slow weak. mfKt Paies eood a common share, payable March choice fed steers 1.225 lb, down 1- 0 17.00-19.50: 11 head choice and nrime la to record of March 2. In three, 1.155 lbs. 20.00 and 10 head 1.001 lbs. nrpvinns ntiarters 40 cpnts was' lots hirh choice around Aunor Keattie-Duo Bobio Broulan Canm East Mai Giant Yak Oold Crct Kerr Add Lake-Osu La Luz Shore MacLeod for the 12 months were or $2.45 a share.

For the previous 12 months, which ended Jan. 31, 1955, net earnings were $22,685,694, or $2.10 a share. Gross revenues were $22205584 xz xz xz xz xz xzz vs. $197,465,342. New North .12 Pick Prow 1 40 Preston 7.50 Rayrock 2 10 Svlvanite 1 35 I'on Tan 97 IVriffht-Hare 1 94 Yak Bear 2.15 INVESTMENT S5.000 to $30,000 Return 15o plus.

Our new 7 family apartments. C. W. BABCOCK 341 Chalmers VE 9-3500 LA 1-3551 7:625 3 45 5.05 1.32 1.200 lbs. 19.00-19.50: some (rood and choice 1.224 lbs.

17.50: erood and choice lb. steers 19 00- some fom- paid. ic'cima in laiKe aik iuiiv ample but medium and unererades are in lisrht supply and short. Overall trade fair. LIVE rni'LTRY Prices paid per b.

Detroit Tor No. 1 oualitv up to 10 a.m. Juesdav. February 21 Heavy hens 28-29: licrht Ivpe 18 20c heavy broilers or fryers lbs. Wtiites 23-24c: srray crosses 24c bprred rocks 25-26c.

Capnnettes (4 Ibs.l (5 lbs I 28-30c- ducklinsrs 32c: breeder turkey. vounr heavy tvne hens 38 40c: toms 32c. LIVE POLTRY COMMENT: iTarket steady. Receipts moderate as first receivers limit supplies close to perds. Trade just fair.

Supplies ample except for fancy capnnettes. Receipts of caponettes are ffenerally smaller sif and poor oualitv and more difficult to move. BITTF.R Jtihbinsr prices (sales to retailersl oarchnient wrapped: Lakey Foundry 10 cents a mercial sood steers 15.00-16.00: most 1 sales utility and commercial steers and common share, payable March, heifer? 11. 50-14. 50 very narrow outlet BASK MKTAI.S Anacon Lead 3 00 Frobish Barvue 1.36 Ceco lirilund 1.73 Hollinrer Brunsman .13 Inspiration BrunswikM 1 1 50 Labrador 4 25 18 50 23.38 1.38 19 875 Trend of Staple Prices NEW YORK The Associated Press 17 tn rprnrri of Marrh for utmtv cows, most sales 10.00-11.

some fatter kinds unsold: canners and Cassiar 8.25 Lake Duff cutters 9.00-10.00. few litrhtweieht can weighted wholesae price index of 35 Period Kate Record Pa all I Reirdlnr ners 8 50 down: most sales utility and hem Resear 5.40 commercial bulls 13.00-16.00. Coldstream 190 4 2 4-2 Aetna .60 Aetna Life Ins HO .19 i al Pac Ulll 37 4 3-1 Multi-Minerl 1.36 Nic Rim 2. .10 Sherritt 7 80 St Rock 16 .18 Tn Ab 7.60 Ventures 36.25 CALVES Salable 200. Tradinsr snotty 1 3-15 due to small receipts; pru-es mostly cuiuiiiuuiues xucuay amanctfu iu II.J.--H.

Previous day 175.09. week aso 174.83. month airo 174.72. vear aero 174.97 1955-56 1954 195.1 1953 Hirh 177.14 175 49 181.72 195.20 Low 168.25 168.56 170.65 175.53 (1926 Averace Eauals 1001 4 20 Howey steady: most g-ood and low choice vealers 34 625 i f. r.i o-t i- sme i For Buying Building Improvements Investigate our liberal plans low initial cost.

Convenient Monthly terms. Also land contracts purchased. iev nit ii cnoice aim prime 0- tndividtials tin to .12.00: utility and rakonbdee Grade A A (93 score I lb 68 69c Grade 4 (92 senret lb 65 -6Sc i I commercial grades cull and Total Salrs: 12.964.000 shares Mining Stocks San Francisco TUESDAY 1 lb 66c Grade (90 score! 1 1h K2-R7C MOVIES TSank Stocks FLOIR MINNEAPOLIS API Flour in 100 Ih cotton ga-k Tuesday: Family patents unchanged 7 50: standard patents unchanged 6.50. Shipments 57.160 SEC Index 26.98 Heavy Extrude $17.75 Many Sire 8tm s9.80 53.88 J3.98 J1.75 CAMERAS! WASHINGTON (A The Securi- I low utility 10.OO-14.no. some under 75 lb.

culls down to 8. on. SHEEP Salable 1 OOO Tradine v.rv active to all interests during the morn-l ma: slaiurhter lamb? fully 50c hnrher than Monday's average; sheep scarce. steady: .15 head choice and prime 78 lb. cheviot lambs 22.50; bulk jroort to prime 74-99 lb.

wooled lambs 20.75-: 21.75: about 75 head choice and prime iood and choice lb. shorn lamhs I 102 lb. phorn lambs No. 1 pelts 20 5o: 22.00-22.10: 42 hea3 choice and prime No. 1 and 2 pelts 19 50-20 00: cull to PROJECTORSpl Stnekii Mocks Aoex 1 Mount 1'nion IIIhcU ar liii NatTuii--tep .12 Blue it lire is fa Uranium .1.2 5 oin-l Ki'vst (IT Silver Divide Con Virginia In Tonop Lnviile 06 Gold Metal- .26 TonopliitiUn .12 (rold Zone TonopNorStr .60 Hen-ule? .65 "erdi .22 Manhat Con .06 TIESOW An.

16 v. Rid Asked Citv Bank 36 40 i Bank ot the I Commonwealth 5 00 75 20 i The D'-tn it Bank 1 60 49 52.4 Detroit Wabt-ek Bank and Trii't Co. 1.60 49 52 4 Manuf act urei National Bank 1 60 49 52.4 National Bank of Detroit 2.00 60.4 63 i i 1 CALL or COME in TODAY for complete information davs. Iillltll IVf choice wooled ewe 5.00-10.00. Esiimates for Wednesday Cattle 250.

calves 100. hogs 400. sheen 400. (Note: No reports will be issued Wednesday but market will be open as usual.) Meetings all types et affairs. jt Movies of Mickey Mouse, Cartoons el all sorts.

Sports, Westerns, Travel, tte. it Top recorders for ront. SUREST WAY OF GETTING 6 ON YOUR MONEY AND YOUR MONEY BACK Buy 6 3-5-7 jr. Tint Real Estate Mortgage. Owner occupied home worth 2 to time mortgage.

All have Title Insurance monthly rep mrnt. ($1,500, ap List ea request.) GRISWOLD MORTGAGE CO. 423 Ford Bldg. WO 3-7280 ties and Exchanpe Commission index of stock price-, based on the closimr prices of 265 common stocks for the week ended Feb. 17.

shows: (1939 eauals loot. Pet. Clire. 195.V1956 Last wk. Frev.

wk. Hieh. Low Composite 330 1 2.1 335 4 269.4 Manufac turins 4134 2.5 z422.1 324.7 Durable Goods .184.4 4-3 4 399.6 304.5 Non-Durable Goods 439 8 4-1 7 445.3 342.0 Transportation 322 9 21 339 5 38.1.5 t'tility 156.2 0.6 159.0 143.6 TTade. Fin. Service .109 4 1.2 3.15 4 265 6 Minintr .149.9 05 .149 9 284 8 New hiph.

TUES, FBI. TIL P.M. Sua. 12 to 4 I Elk. W.

OF OAKLAND ml FURNISHED APARTMENTS New, Modern 3 Rooms Comp furn. kitrh'te, rinse Ford's, Fisher, (iM diesel. Wkly. rates. PARK DRIVE APTS.

22400 flymoitli. Cw. ter Or. KE 5-2997 CAPITOL 2nd fl. Washington Blvd.

Bldg. Cor. State and Wash. Blvd. WO 2-1078 TO -1900 17300 Woodward at McNichols Open cveninq 'til TREASl'RY REPORT WASHINGTON I API The cash position of the Treasury Feb.

16: Balance 3. 620.262. 436.07: deposits, fiscal year July 1 $37,426,507,137.98: withdrawals fiscal year $44,505,549,358.56: total debt $279. 672. 148.171.27: rold assets 21 .694.151.148 33.

Includes $470,504.278 30 debt pot subject to statutory limit. PAINT SUPPLIES SAVANNAH. Ga (API Gum naval stores Tuesday: receipts, turpentine and roam none: shipments, turpentine 78 rosin none: stock, turpentine 996. rosin .1.648. i iiiiiiiMiMinipimi ioi- rn nrr np--r ni i inn -rifii 1 i in 1 3 sft1 mm aw xm iwrHi tiH a ii ilni nm im innrnmni.