Detroit Free Press from Detroit, Michigan • Page 14

Business TODAY IN BUSINESS Dividends Detroit and Canada Tunnel 25 cents a common share, payable April 29 to record of April 19. in Brief DETROIT FREE PRESS I 4 Thursday. March 17 '60 American Exchange Bell Lists -4ms For Next Decade Nine objectives for better in the next decade were described by Michigan Bell Telephone Co. in its 1959 NlvWHtN ONLY THI BIST 5WIU DO Florida Land Deal Elevates Mackseys Continued from Paje 13 report released ednesday. Sale 100s High Low Direct long-distance dialing for nearlv all of the telephones Net Last Cng 85 3 "8 12'2-i- '8 8 Hi '4 FRONTENAC WINE (0.

DETROIT. MICH. BY KENNETH A- THOMPSON FrM Press Business Writer 3m I 22 4 Uncle Sam May Torpedo Ivan's 6DeaP The first joint meeting of the Ohio Steel Fabricators Association and the Great Lakes Steel Fabricators is expected to bring 150 delegates to Detroit Thursday and Friday. Highlights of the sessions at the Pick-Fort Shelby Hotel will include an address by Peter Petcoff. chief structural engineer of Smith.

Hinchman and Grylls Associates, at a Thursday night banquet, and guided tours of R. C. Mahon Corp. and Whitehead and Kales, plants. The annual business founder's dinner of the Detroit Historical Society will be held Monday.

March 28. at 6 p.m. at the Park Shelton Hotel. cipal speaker will be George W. Walker, vice president and director of stvlmg.

Ford Motor Co. 210 1 3 6 1 54 18 3 2 6 1 1 2 1 4 Fac Nor iri Pac Pot Ltd Pac Pet wt Paddino. A SO Fane Her 9C Psr.c-,t Pt PantPD O'l PrPnA 1.20 ParkPenB 1 20 PrKba Aet Pflt.no Can Fpnin Vet Peooerell "3a Pnria fir lb Pert Photo in its system and optional flat-' rate services to permit unrestricted calls to nearby com-I munities were among the pri-mary goals outlined by William M. Day, president. He also said four-party lines 'would be eliminated and city-type service would be extended to former rural areas.

Im-; proved instruments for office and home use also were patented, a restaurant machine winch automatically brews an "ideal cup" of tea. The claim that a "very, very good cup of tea" comes out of the machine made by Robert Compton, chairman of the council's brewing committee and a noted tea-taster. The machine delivers both hot or cold tea. E5'4 3 '-8 12' 2 9 26' 2 16 15 HH 3-a 7 644 32 2 42 V'7 6 8 32-4 5 8 12 in 15' 2 97 11'8 7 2 38 3 42 '4 WIN A 26 2-t- 2 -4 J- '8 1 16 '4 15 18 11T-8 '-8 3H 7 64 4 42 2 3-16 6 V8 32' 5' 8 12'4 15 '2 97 p4 ll'e '8 7'a-t- 's 42 -2' 2 Tom and Harry Macksey, two of three Macksey brothers who have developed several" 200-to-300-home subdivisions in Oakland County and two near Northville and Ann Arbor, have made a 10-million-dollar deal in Florida. They and officials of Minerals Corp.

of America, of New York City, announced the transfer of Macksey properties in Florida. consisting of four subdivisions near Emerald Harbors. Bradenton and Sarasota. The trans- 397 Peru 65'4 12 4 8'-- 21 3 4 26 2 1 1534 14-4 3H 7 64 32' 4CU 1 6 32' 5 12 a 15 96' 7 47 37' 3 3 424 3 7' 2 17'i 9'4 84-4 2T4 16 2 Phil La Dis 8 Philios El 4 Ph'Hips Sc .05 4 Phoenix Stl 75t 3 Pierce Ind fi PitS.Lek 4 z200 COMET 38 -fl lftte ieint cf MLhirh Executive Planes Boom The steady growth in the use of private planes by corporate executives and other businessmen has been amply reported by Free Press Aviation Columnist Jean Pearsons for several years. A measure of the heavy increase in the number of small executive planes and fleet aircraft operated by corporations was pro ni vst 37f fneuScalP 2 Pnlarad El Fo'oron A Troo Hall 4n0 Prest Ola Prnct Sile Vf 70b 3 CLi.Li'JIl I.UVCI O.JtO IUW, l1- 44l4-i-i6 are waterfront.

7' 2-ia Minerals Corp. has holdings Jn copper, oil 32 4 1 16 4 7 4 1 8 -T14 9'4 5 9 Prnv Gas 56 B4- 2T 17 zlOO Pijh Sd PUT W-n 1 Fv-e Nat 50a The "PICK" of NEW YORK WASHINGTON (UPI) Under a little known law, the I 1 of government have started turning in an investiga-j tion that may torpedo a busi-I nessman's plans to sell Russian-imade Moskvitch cars in this i country. i Robert Castle, a Syracuse auto dealer, has announced plans to sell 10,000 Moskvitch icars in two years, beginning in May, for $1,500 each plus transportation from New York. i The Antidumping Act pro- vides that a special duty can I be imposed on foreign goods sold in the United States at less than "fair value." The standard for measuring "fair value" is the price in the I producing country. At the offi- cial rate of four rubles to one dollar, it would be $6,250.

11 2 15-16 2 13-16 3 4114 41'2 23's 21'! Quebec L'th Fanid Am .50 Pair Pk 1 cam Int 80 Fda Tube I2e Pseves Snd Pmsijr Inv 8 21 4 62 844 '4 23'4- '4 16' 2- '-4 2'8 4114 'a 23 2-19 '2 11'4-H 9' 2 "8 3-8 'a li '4 48'8- 5a 10 2 8 23' 2-1- 7s 64 4-8 24" 8 1 2'4 ''4 18' 2 105-8 3'n 1 2 48' a 10' 2 23 6'4 4' 8 24 --a 2'4 4 21 '2 80'4 6' 8 19 11'4 9'n 3'--? l'a 4fPs 1T-1 23' 2 7 4' 8 24-8 2'4 4 21J4 80' 4 6 ''4 5 16' 8 Pf'S Co 18 Pei'snlns 2 20b z25fl PpmArms 60a 14 Peoun Foil .40 5 Penub Ind 40 11 Peo Trans Ind 11 Seistofletf 1 Rico Arg 05q 3 Pio Gr .1 5 Pobin Tech 2 Poch Gdp 4 z'O THE IMPROVEMENTS will be undertaken by the company if it is "given the financial strength." to do so. Day said. He reported operating revenues of 206.4 million dollars, up nearly 20 million dollars from 1938. Net income was 37.3 millions, compared to 32.1 millions in 1958. Day said the net return on the company's investment in plant, equipment and lines "'continued at a discouragingly low level." It was 6.66 per cent, up a half of one per cent from' the preceding year.

Day said non-regutated industry got an average return of about twice that of Michigan Bell. The recent rate increase granted by the State Tublic Service Commission was "a small step in the right direction," he said. A three-million-dollsr increase in net earnings in 1959 and a 10 cent boost in total venues for Michigan dated Gas Co. was disclosed in Pokeach A Pooe Rac Po'trury Cpt lb 35 9 1 16 3 FIRST COMPACT CAR WITH FINE-CAR STYLING-PRICED WITH OR BELOW OTHER COMPACT CARS 50 COMETS GIVEN AWAY FREE! MARCH 17 THROUGH MARCH 31 NOTHING TO DO! NOTHING TO WRITE! FILL IN ENTRY BLANK AT YOUR MERCURY-COMET DEALER'S $ubj4 to toi one local roaulationi. ana suipnur pi-opei Lies ana me transaction was described as a diversification.

The Mackseys will become president and board chairman of Minerals Corp. The Mackseys, with their older brother Ted, operated as Ranch Homes, of Birmingham. The firm developed Charn-wood Hills, north of Birmingham; Christian Hills, near Rochester; Beverly Manor, adjoining Beverly Hills; Alta Loma, near Ann Arbor, and Northville Estates. The Mackseys started acquiring Florida land 30 years ago. Tom and Harry, however, were young enough to serve in the military services in World War II.

They started their Oakland County developments at the close of the war. Seither Are Funny Ads "Today in Business" subscribes to the tenet that "Money Funny" and that those who handle other people's money won't win trust if they try to be funny. Some of the things we've seen on television at this season leads us to add this singlet: "Funny TV ads on income tax "Don't inform and unrelax." Sow Tea, Automatically Battelle Memorial Institute, important Ohio product research organization, has devised, and the Tea Council of America, has 3 2 3'4 16'" 13 7 4 vided Wednesday John A. Elliott, Beech Aircraft Corp. official, in a talk to the Financial Analysts Society of Detroit.

"Total industry deliveries (of business and utility aircraft) exceeded 110 million dollars in 1959, an increase of 35 millions over the 1958 volume," he said. "Marketing experts predict that this gain will be repeated in each of the next five years." He said business aircraft flew over 50 per cent more hours last year than were flown by domestic airlines combined. The airlines, he pointed out, now serve only 10 per cent of all the nation's airports. This will keep the business-aircraft industry growing, he said. Beech is one of the three leading producers of business-executive planes.

It and the others fill out their business with military, missile and space developments. Canada Sees Coin Discounting It could become a trend and extend to the Detroit-Windsor crossing area. We're referring to Canadian press reports of the new move in New Brunswick on discounting of American money. It now includes discounting of American coins at about 8 per cent. A quarter thus fetches only 23 cents Canadian and other coins trade in about the same proportion.

21' a 80' 4-6' a 4r8-16' 8 8'e 3 3' 2 3" 4 16'8 13 7'4-i 11-16 7'4-i 44 6'8-7 -7' 4-2'e 4 4ia-1R r-l Joining the Club; NEW YORK (UPI) Austria's first nuclear reactor is 'expected to be placed in operation Sept. 30 to usher that country into the age of peaceful atomic development. Dr. I Michael J. Higatsberger, execu-Itive director of the Austrian now an ALBERT PICK HOTEL 16' 8 8' 8 3 3 2 3'4 16 '8 13 7'4 11-16 74 44 6'8 7 7 2" 4 4'8 13 1 1 4 17'4 8'4 9'4 274 oval Oil Pusell FC PyanCPet StLawr Co 1 Saiem Pro San Carlos 80b Saoph Pet Saxon Pao 32 Scurry Ram Sbd Ply 1 2t Air Seapnrcel Sr Co Gen S.r Free Pet Sfbijrq Co Sorman Pro .751 Sentry Corp Serr.clf 5rrvo Co SHat Denn lOexd Snaw vVat 80 Shprman Pd SerwrfVm 3 24 1 3 4 4 5 4 7 16 18 18 i REFURNISHED REDECORATED 16 si 3' 4 -i 14' a -I 174- 8-4- Atomic Research Organization, said.

-1 16'4 3- 14' 8 1 7 9 2 94 27'4 3'8 100 in 9 4 '( 27J.T '4 37B- 1 00 3.8 23 ''i l'a 'a 3 8 Bad Checks 34 99' 2 5-16 23 1'2 S'boney Carib Ideal location Sparkling new from lobby to penthouse TV in every room No charge for the annual report of American Natural Gas Co. Wednesday. Net income was $15,460,793, compared to $12,258,602 in 1958. This was an all-time high. Total revenues were 23 2 27 81 Si'v Cr Prec 45 48 3 7 7 16 7 7-16 7 7-16 56 SI children under 12 4's As a- service to shopkeepers, bar owners and other businessmen called on to cash checks, the Free Press each week prints a list of stolen and fictitious 'f 4 Grain Pit Toronto Stock mTZSt NEW YORK (AP) Closing over 20 2 3 2 4 2 4 4 3 1 6 Hot Commodities SEE PAGE 16 the' checks which mav make their i 478 1218 4'4 12 20 29' 2 204 21 49 5 8 ll'a 10 10'4 counter S.

Government Treasury bonds, LEADING STOCKS TORONTO yield for appearance, mis appears every bid, asked, net change ana Wednesday. 7100 VO 3 12 20' 2 1 29 2 2.T4 21'4 4953 1 1 10 128 10' 4 16'4 64 21 '4 2'8 10' 8 4i 3 48 Thursday, when the week-end .12 rush of paycheck cashing starts 6 in the Detroit area. Si Iv Mttler lyray Lt .30 Sunca Smqer AM 2 60 Sinqer Ltd 16g So Vater .60 Siick Air Sonotone .28 So Coast .50 SnPennOil 2 SCE4 32pf 1.08 SCE4.24nf 106 SCE4 48pref 1.12 So Peal Ut cerry Wt i'd Deed 15e Sd Finan .48 Sd Forq 1 Std Oil Ky 70e S'd Shrs Std Thom tTuh.p S'd Uran nStanrock Ur MrrettCp Starrrtt pf .50 Matpcnurt trrl Al Pd la Wrl Prec Srctsnn 1 Hotel Issue Kilembe Frobesher Abecus Snad ivpr South Union Shclhy pit k-l 'r a CHICAGO (API The grain futures a market worked generally higher Wednesday but it left some weak spots in rye and soybeans All price changes were within a cent of previous closes, most of them limited to small fractions in a mixed and light trade 8 New crop oats again posted new high prices for the season as weather con- a tinncri tn he one of the maior market 2' es 60 99 2 65-60 98 4 234S 61 98.6 2' 61 97.10 2'4S 62-59 June 96 2 62-59 Dec 95 2' 2s 63 94.22 3s 64 95.26 2i8S 65 93 2 3s 66 94.10 .10 4.07 .10 4.15 .12 4.15 .8 4.14 .10 4.19 .14 3 .99 .8 4 09 .12 4.17 1 STOLEN Guaranty Welding 1943 Mack: blue checks. Nos. 100 to 500; yellow checks.

Nos. 80 to 500; both drawn on Detroit Bank Trust Gratiot and Mack office. A check protector and typewriter were also stolen. Generated Gear Machine 227 1 influences. Another heavy snowstorm over Cottonseed OM May 1158 10 Cottonseed Oil H69 4 Soybean Oil March 764 4 Soybean Oil Wsv 776 5.

Cocoa March 2500 4 Cocoa May 2545 9 Coffee March 3700 30 Coffee Mav 3628 23 Hides April 1995 5 Hides July 1963 16 Rubber March 4135 Rubber May 4040 65 Sugar No. Mav 572 Sugar No. 4 Mav 3f6 4 Sugar No. 4 July 315 5 Wooltoos March 146.5 Wooltops May 149 2 Wool March 123 6 i Wool Mav 120.5 Lead March 1128 8 Copper March 3077 2 Zinc May 1140 Eggs Sept. 3490 -4-30 Eggs Oct.

3525 35 2' 2S 67-62 89.28 lamp area nf the midwest still was a 37th 478 128 4 '3 12'4 20' 2 2934 21 21'4 495 8 11' 2 10 10" 4 16 4 64 2P4 10' 8 1 3'4 11 98 17 8 2'8 22 4 41 'a 34 3'a 3'8 2'8 6' 4 33' 2 18' 2 17'4 3134 9' 8 8 3 9' a 78 4 4 a 8 8 4 a 8 8 8 8 1 8 4 2 2 4 4 8 a 8 8 4.21 99.4 98.12 98.10 97.14 96.4 95.4 94.26 95.30 93 6 94 14 90.4 87.28 87 99 4 86.12 86.4 85.28 85.24 85.12 85.24 97 12 98 28 88 87.20 90.4 3-4 11 98 17 2'8 4.11 Iron blue checks, Nos. 23153 to 23167, Sales Close 105.500 1.84 37.025 1.58 34.250 .31 29 700 2 28.040 .15 INDUSTRIALS Close Issue Close 36.50 Ford of Cdn 140.00 24 00 Gen Dev 16. .50 24 00 Imp Oil 33 75 31 00 Int Pipe 57.25 43.12" 2 Loblaw 24 00 31 87' 2 A Roe 5.37' '2 195 00 Trans Cdn 23 87' 2 9 75 Trans Mt 9 75 28.75 Union Gas 14.00 414 25 Walkers 35.00 46.00 URANIUMS Close Issue Close 10 50 Lake Cinch .70 .53 Milhken Lk .81 .07 Northsoan .80 .30 Pronto 2.65 10.00 Ravrock .49 .71 Radiore .66 8.00 Stanrork .30 .26 Stanleigh .30 4.20 4.20 bullish consideration all around. At the close, wheat was unchanged to '2 cent a bushel higher, March S2 03U; corn 3a hiqher to 'a lower, March SI 14; oats 3s lower to 'a higher, March 75'4; rve '2 lower to '2 hinher, March Si. 21' soybeans U-'s lower, March s-' 4.

drawn on the Commonwealth Bank, main Issue Abit Alb Gas Altas Steel Brit Am Oil Bell Tel Cdn Brew Cdn Curt Cdn Hydro Dist Seaq Dom Found Dom Stores Issue Alqom Bicroft Can Met Ex Cdn Dvno 3, 1 i 1 1 If 8 .4 .4 .4 .8 .8 .8 .6 .8 2' 2S 68-63 87.20 69-64 June 86.24 4S 69 98.28 2' 2S 69-64 Dec 86.4 2' 70-65 85.28 2' 25 71-66 85.20 2' rs 72-67 June 85.16 2' 72 67 Sect 85.4 2'2S 72-67 Dec 85.16 37bs 74 97 4 80 93.20 3'4S 83-78 87.24 3Us 85 87.12 3' 90 89.28 52 4 3 1 2 4 2 2 26 18 77 18 1 2 29 1 z50 27 85 1 i 149 2 1 22 1 2S 8 12 10 5 5 31 1 41 .09 office. 3.98 Detroit Harbor Terminal, 4461 W. 3.98: Jefferson; sreen checks, drawn on the 3.93 National Bank of Detroit, main office. Any 4.12 checks made out to Detroit Harbor Ter-4 .08 minal. and drawn on the National 4.04 Bank of Detroit are fictitious.

38 34 3'a 27a- 6'4 32'4 Range of Futures; SmnPS StooShoO stvlon Cn 06e Sunset In .121 Sun Tool Sm Wat wt Sntex CD Open High Low Close .4 5-b WHEAT So American Express money orders: S100 i-2? denominations-Nos. DE 354-303-624 to DE 16'4 63 21' 1 2-s 10' 8 Pa '8 38 11 9's 17 24 22' 4 41 8 34 2'a 6' 4 3P4 18' 2 17'4 29' 2 9' 8 2' 8 9 8 2 2 1 7-16 12 18u 268 20' 2 1P4 24 83 6" i i -4 Mar May 85.16 Prev. Close 2 03 i 2 04'4 1 84' 4 1.87 1.91Ta 1.14 1.16' 2 3s 95 85.8 2 03' 4 2.04-4 1.841-4 1 87 1.92 Cons Dennis 354-303-639; DE 270-227-456 to DE 270-227- ANNUAL REPORT On March 17, 190, our Annual Report for 1959 was mailed to of record at the close of business March 2, 19M. Copies- are available to others on written request. Please mention this publication and address: R.

A. VODER, Vice-President Finance DETROIT STEEL CORPORATION BOX 4308, DETROIT 9, MICH. Prices Quoted in dollars and a Faraday Gunnar Lorado 459; CH 554-756-220 to CM 5S4WS6-JIV; ana i CH 554-766-260 to CH 554-766-359. $10 denominations DE 100-674-830 to DE 18' 2 17'4 31' 8 2' 9' 2'8 9 2' 2 1 seconds. T-partially tax exempt.

2 0234 2 037a 1 84'4 1 67 1.917a 1.137a 1.16' 2 1.19"B 1 16'4 1.10 2.04' 8 2 05 1 84'-a 1.87' 4 1.92' 1.143S 1.1678 1.1 9H 1.163-4 1.10'4 2 027s 2 04' a 1 8 1 87' 8 1.92 1 1 4" 1 16'4 1.1938 1 165B 1.10 Jlv SeD Dec CORN Mar May Jlv WESTERN OILS Close Issue Issue Help Yourself To All You Wish To be HEAR RECORDING ON YOUR PHONE Call TE 2-3930 New OR ANYTIME DAY OR NIGHT March 17 thru 21 Midwest Exch. 7 'a Is Ion A 1 Ta'nn I 1 a-npa El .72 Taylor Int T-chnico TpI-A Sian Tpipprom Tpipy Ind Tpnnev Ena Texam Oil Tpxstar Textron Elect Thow Shov 10a Tnnrrlo Sar Thorncl Pk Trritti A 1 20b 'o Rf 1 4Pa TnnnSec 2 1 Seo 1 114 1.1678 1.1914 1.163-8 1.10 753'4 75 71 '4 2 1-16 Dec. Associated Press By FICTITIOUS Atlas Business Service, 20305 W. Seven Mile Rd. Fraudulent checks drawn on true company.

The false checks are white, have company name rubber stamped in upper cent, have IBM perforations, and are drawn on City Bank. The true checks are tan, are drawn on City Bank, Seven Mile and Evergreen office, and do not have IBM perforations. 12 Close .50 .36 11 75 .74 .81 2 38 8 50 1 59 1.26 Midcon Pam Oil Pac Pete Permo Gas Place Gas Provo Gas Rovalite Oil Unit Oils Western Dec f. 76'. 7.00 19.75 3 30 7.70 5 20 8 05 29.

11.00 12.25 .47 753. 75 71 'a 2 13 2 2 Bailev Cgv Edm Cdn Dev Cdn Husky Cen Reo Con Dragon Dome Pete Home Oil A Hud Bav Oil Long Point Issue Barnat Can-Erin Cochenour 8 OATS Mar May Sep Dec 2 RYE i Mar May jlv Seo a Dec 76' 4 75 71' 2 70' 4 725a 1 214 1 24' a 1 24' 2 1 25'4 1.27's 2 17 1 z50 GOLDS Close 18'a 2" 2 8 "'a 26'a 28 24 83 1 3 16 9 a IV 8 23 21 6'a a 2 a a 8 Ind.Gn.Cp. 80' 21' 2 Intrlk.Stm. 40' 2 1 Metro. Bk.

12 Mickelbrv. 18 Minn. Brew. 8'4 MonChem 1334 "4 Mt. Vernon l's '4 N.

III. Gas 32H N. Ind. S. 51' 2 '4 NW.Bncp.

34' 4 'i OakMfq. 17'4 S. L. Pb S. 11 Th.Pw.TI.

26'i Webcor.ln. '4 Wrld.Pub. 15'4 '4 Yates-AM 18 '4 Trav-lerR 8 Tndd Shp 3 5e Tn Ed of 4 25 Tm Acc Trans Cub A 268-20' 2- 1134- 24 -83 634 3 16 9'a 11' 8 228 20' a- AdvRoss 16 '4 AthevPrd. 253'4 3.4 Bstn-Bless 82' 2 BeldenMg 44' 2 1 2 BoothFish 27 Burton-Dx 24 C.ExpGiO 23'8 Ct. Brewing 6' Chp.O&R 19 3'4 Cl-Cliff I.

41 C'manCo. 14'2 DodgeMfq. 26' 2 FlourMill.A 7' Gen. Box 3' HWGoss'd 22' 2 44 Hein-Wnr. 13'k '4 Hwd.lnd.

4 's 1.19' 1.16' 2 1.09' 4 76' a 75 703-4 6978 72' 1.22 1.24' 2 1.2438 1.25'4 1.2733 2 13H 2 16 2.17's 2 09'e 2.08'8 8 75 9 07 9.37 9 60 9 65 1.41 89 3.10 3 60 Close 2 60 3.10 .82 2 95 1.80 .85 Cons Discov Issue Marina Madsen Malart.c Npw Dick Lac Pick Crow Preston Upper Cdn 3" 2 1 21 17 75' 4 71' 2 70a 7234 1 22 1.247a 1 2478 1.25' 2 1.27' 2 2.13-8 2.16' 2 2 18' 4 2 10' 2.08' 2 8 80 9 15 9.40 9.65 4 SOYBEANS Dome Mines 20 37' 2 70' 2 72 2 1 21' 2 1.243. 1.243. 1.253-B 1.27' 4 2 13's 2 1553 2.17' 2 2.09' 2 2.08 8 80 9.15 9 40 9 65 70' 4 72 3 1 21 1 24 1 24' a 1.2434 1.27 2 13 2.1 58 2.173 2. 093 2.08 8.77 9 05 9 37 9.65 Mar East Mai 1.50 3 16 9' 8 11'', 22' 2 20' a 6 -4 3'a 1 5 16 6'a 1 3.80 1.10 6 1 16 Tran. Lux 30o 'ransot A 3Cb Tri Cont wt llnpvce'l Ch HnAircPd Unit Ash I in Can OS.G Unit Cub Oil ijn Imp8.lnv Unit tndust wt llrJRR 10 Giant Yak Headway Kerr Leitch 32 4 116 20 1 1 16 i from the ij mMm Knife Bear 1.05 May 3-16 Jlv Sep Nov LARD 2 135 2 16' 2 2 18' a 2 10' a 2.08' 2 8 80 9 12 9 40 9.65 11 2 2 20 75 1.40 BASE Close 3.25 .08 .54 26 a 99 6 '4 22 3 zin 1 5' 2 Mar May Jlv Seo Issue Advocate Rpacourt Halliwpll Iron Bav METALS Issue Irish Cop Jacob Labrador Maritimes New Hosco Opemiska Un Asb Sto Rock Close 1.25 1.12 22.50 R4 .74 5.

AO 3.75 9 75 Oct 2.50 Wheat range at other principal markets Coldstream 85 57 Chimo 178'. 1 4' 10' 38' 10' 7' 41 35' 9 14" 16' Ijn Pac Al 5flh PS Air Cond 10g 8 US Ceram 40a 1 I I oil 40 144 US Rub Reel .50 6 Unit Stores 4 Amrr 20 Univ Con OM 2 60 2 Un Cnntain 07e 5 Univ Cont .30 50 llmv Mar 1.20 7 9 516 6' 2 2'8- 178 '4 t2 1 5' 2 1 4' 4 10' 2- 39' 4 1 10'a- 7'- 4' 2 3.V-4 10 16'4 78-9'B 7 Ta Wednesday: Hiqh Low Close Pv.CI. Minneapolis 2 17a 2 17' 4 2.17' 2 2 173 KansasCity 2.04'b 2 043s 2.0434 2.04-tb 10 75 Cons 8, 16 50 Copper and 1 18 Falconbdge 28.12' Frohisher 1 58 Geco 15 50 FOR SALE OR LEASE Woodbridge Adair 13,000 SQ. FT. Brick and steel Factory, power wired, loned Heavy Manufacturing Parking; Attractive Price.

A. D. EDWARDS WO 1-0321 HOMER WARREN CO. Shpritt Gord 2 75 Willrov 1.27 I A' 2 40' 10' 2 7' 2 4' 2 3514 10 15 16' 74 9 2 7 6' 8 11 87a 58 12' 2 V'4 3' 8 2'8 2'S 1 '8 3 i i 9 1 12 50 Annual Report Produce Market Detroit, March 16 (AP) Egg prices paid per dozen bv first receivers delivered to Detroit in cases included, loose in 30 dozen cases: WHITE EGGS U. S.

Grade lumbo 43-44; extra large 39-44; large 39-43, me- NEW YORK- (API -Soot nonferrous metal prices Wednesday: Cooper 33 cents a pound, Connecticut Vallev. Lead 12 cents a pound. New York. Zinc 13 cents a pound, East St. Louis.

Tin Sl.OOH a pound. New York. Foreign silver 91 cents per troy ounce. New York. 5a 8'8 514- 12' 2 3 in.

3 3' 2 HIGHLIGHTS a 9' 4 7 1C 8 8 a 5 "'4 12" 2 11'. 3' 2 24 1'4 3 20' 8 4' 4 31 30' 916 19 15 2'a 27 a 41' 66 18 1 2 5 19 22 St 1 1 2 9 1 ZlOO 20 1 1 1 2 1 7110 UtahldS 40 Valspar 50b Vand Van Norm wt Virtoreen 3.75f V.nco Cd VairCS.C 10a V'ta Food 60 Vnrdo .54 banner Bak Waitt-Bd Valthsm Prec 'Ventwlh West Cdn Oil A' Chem Pri 1 Wn ppveloo Tab 1 40 Wsm CI 87t Ahit" lot Aht Staa A 1 W'ChltROil WilUams. RC Wms lidc 3'r Wtisnn Br V.ilBr pf 1 25 WonrtNM Woodl-v 5b vVr'Qh'M Jwiv 1 Zap Oil Sh Zapata Pel Gotta Home? 30' 4'84 31 30' 9 16 19 15. -J 77 urp 35-38. BROWN EGGS U.

S. Grade A. extra larqe 38' 2-44; large 38-38' Medium 35-37. U. S.

Grade large 33' 2-34. A'lXED COLOR Checks 26 27. EXTRAS (minimum 60o A duahtyl-WHITES Larae 34-38: med-urn 34. BROWNS Large 35-36; medium 33 34. Market steady Supples moderate and fariy closply balanced to present needs except mediums continue short.

LIVE POULTRY Detroit, March 16 -( API-Price, per pound delivered Detroit for No. 1 Quality live poultry: Hons, neavv type 25 26; hqht tvpe 10-11 Roasters, heavy type lover 5 ins 1 2 28 Broilers or fryers, heavy tvpe (3 4 lbs 1 Whites 22 23, Barred Rocks 22-23. Dl'Ckliros Market au-rt. Receipts hm'ted to im-mrrjiate needs otfermas of heavy type hens scarce and sliQhtiy short. 18 10'a in I SI 4 1 1 a Does it need fixing up? 31 1 7 16 1 2n.

8 6 20-3 6' 6' 2 4 stock sa'es 1 P10.0OO tntal Appro Stork sales vear aoo 2 861. 6 -v (For pxnlanatton of svmbpls transactions). BUTTER to rpta'lers parOmfnt wrapped' Grade A A 193 score) 69-71. arade A (02 score' '4-K. l-'t.

6t end of New York Stock Continental Motors Corporation and consolidated subsidiaries, Wisconsin Motor Corporation and Gray Marine Motor Company, had net sales of $139,946,152 in the year ended October 31, 1959, compared with net sales of $131,415,279 in the previous fiscal year. Net operating earnings were $2,637,475 In 1959, compared with netfcperating earnings of $2,523,032 in 1958. (The reported 1958 net earnings of $3,536,528 included refunds of, and overprovisions for, federal taxes on income of previous years, in the amount of $1,013,496.) Branch and distributor operations were highly successful, showing gains over 1958. The company also added to the number and diversity of its manufacturing customers. On August 1, Continental Motors purchased the Governor Division of the Novi Equipment Company, Novi, Michigan, to assure continuity of supply of the component which that company had provided.

This facility has since been operating as the Governor Division of Continental Motors. It was possible to meet customers' revised delivery schedules out of inventory accumulated prior to the steel strike, but production and delivery schedules, and profits, were adversely affected in the final four months of the year. More than 125,000 miles have oeen accumulated to date by the LDS-427 Hypercycle engine, in standard 2lHon military trucks in military testing. Three of the Military Standard air-cooled engines developed jointly by the Corps of Engineers and Continental Motors are now in production, and three more are rearing the production stage. The Aircraft Engine Division expects to register Increased sales in 1960, as a result of added models and new customer installations.

The Continental system of fuel Injection has proved highly successful, and engines equipped with it will again constitute an important part of this division's output In 1960. Gray Marine Motor Company had a good year in 1959, and expects another good year in 1960. The outlook for the marine engine industry is good, and Gray is in favorable position, product-wise, to share in the business. Wisconsin Motor Corporation showed substantial gains in sales and earnings. A new research and engineering building was completed and occupied.

Satisfactory progress was made in the proqram announced a year ago, under which Wisconsin Motor Corporation agreed to loan money to its Australian affiliate, Ronaldson Brothers A Tippett, to improve the latter's operations as a manufacturer under license, of Wisconsin engines. Continental Aviation and Engineering Corporation again had good sales and earnings. CAE's J69-T-29 turbojet engine developing 1700 lbs thrust powers the latest target-missile, the Ryan Q-2C, used in aerial gunnery training, and a version of this engine, de-rated to 1400 lbs. thrust for man-carrying applications, has been announced as the power for the new Cessna 4-place Model 407 jet. Desirability of establishing overseas branch operations, and of entering into licensing agreements with manufacturers in the Sterling bloc area, is still beinq exolored.

qrde io score i-ih 64 Verket strdv Supplier ample on il to reauiar Delroil qraries. Drnand iust ta trade. Want more information on how to do it? FLOUR APOLIS A Flour in inn lb Hioh V.i Low Clnse 10 3 10 3 ccMon scv tan-wlv oaents uncnanaea, 7 20; patents uncbanaed, 5.35: shipments 45.260. tandard bran 1 50 n.ciior, 44 00: andard middlings 1.50 higher, 44 00 red dog 1.00 higher, 45 00. 3 5 34 20 2 1 5 4 14 1 3" 4 2 4 30 4 54 3 2' 7 41 6 Sales Issue -n Alleqnv Corn 25 Alien Eier 8, Eou'P Aliis Cnalnr-rs "00 Arnerican irn "Am.

Sarxta-'v -Anaconoa Cod Vn too Avco Co' rin Aluminum Ltd. 1 'n Pueil 45S Burrouah Corp 66? Consumers Poer, "Curt-S Wrioht Detroit Ed.snn Pot C-rav Irnn Fdrv. 1 00 Det S'eel Coro 10 3 3 5 31 2 54 4 1 4 1 3'i 4 2 5 30 4 4 3 7 41 6 4 80 LARD CHIC AGO-I AP i --Cash lard was 8 cents a pound Wednesday; loose 7.75. 3 5 34 2n 2 i 4 14 30 4 2 4 30 4 54 3 7' 7 41 4 7 6 10 4 7 17 6 6 2 4S 2 io 4 7s 1 6 2 6 2 i 1 -n 2 6 2 4s 6 2 4 See the big, new STATISTICS r'fi jsttm. I MtKIFOH 'I Ford Motor Co i -n r-ormo Gar Wod Ind 1 ja --trrs i-" G.r-r' PrfA Lakes Oil Cn f-rrvhound Cnrp ''Q Crp Co 6 VfiSfrrA P-d --i V.

'H k--. 4 it' Krr Wy Prrio -r rvnrnv'vai' CrKWil S'andard -5 I 1 o'Pdr 5on Tpxa; I iii Udvi CO'P sen i.on Par 'ic aiker 8. Co Com Ttai aiis 24 'iflre 'Unlisted trading jn 6 6 4 6 1 i 7 6 '6 7 2 3 '5 4 1 15 4 warn. Fiscal Years Ended Oct. 31 1959 1958 1957 1956 1955 Engine output (horsepower) 12,129,875 10.231,837 10.783,043 Net soles S139.946.152 SI 35.610.890 S12SllT269 S145T46TJS5 Net earnings $3.536,528 S1.6C4 924 S2.502T287 Net comings per common shore SO 80 SI 07 SI.

09 $0.49 SJ.76 Dividends per shore S060 SO 55 S0.3S S0.2S S0.70 Current ossets SS6.101.397 S64.454.36S S59.262.73S S58.1 15,700 Current liabilities S21.289.109 $28,304,638 S27.553.219 Net working capital $34,652,143 $34,812,288 $33,856,358 $30,958,097 $30,562,481 Ratio of current ossets to current liabilities 2 4 to 1 2 6 to 1 2.1 to 1 21 to 1 21 to 1 Long-term debt $2,000,003 $2.355,000 $2,480,000 $2,760,000 Property, plant, end equipment (net) $16,392,626 $15,733,097 $16.223,8 41 $16,547,581 $17,219,239 Stockholders' equity $49,936,827 $49,279,352 $47.557,824 $45 129,523 $44349,599 Book volue per common short $15.13 $14 93 $14 41 $13 68 $13.44 RECORDS ON-THE-SPOT nn tpfriis fn irins c'an apt! aat- to DETROT'S NeWfST LARGEST AND FINEST MONTEREY MOTEL 121C0 WOODWARD TO 9-6500 Catering to trie most fastidi-cus. A Condi.on nq Summing Poo! Lunurlous Furn sK. lugs Free Te evinon Individual Te'ephone Howard Johnson Restaurant. REASONABLE RATES DEBUT: SUNDAY, MARCH 20 PS Jchn Woerpel is editing it! He's terrific! LOB8Y HOBBY 173C0 Woodward ot McNichols 0PE1 EVERY EVENING II 9.