22 THE POST PHONE—MAIN 21

21

 

 

THE DENVER POST—FIRST IN EVERYTHING

FRIDAY, OCTOBER 20, 1944

LATEST REPORTS ON MARKETS, AGRICULTURE, BUSINESS AND INDUSTRY

 

MINE MEET CALLED
FOR NOVEMBER 10

Governor Ford of Montana Summons Western
Executives, SEC Members and Mine Owners
To Discuss Financing Operations at Butte.

 

 

(By THOMAS H. WALKER.)
(Financial Editor.)

EPRESENTATIVES of eleven western governors, the se-
curities and exchange commission, state security commis-
sioners, security underwriters and mining men will confer

at Butte, Mont., on Nov. 10 and 11 to work out plans for finance-
ing mining operations in the west, Denver mining men were
advised Friday. The mining meny;sive engineering reports that for-
want the SEC to take off some of|merly had to be filed and the cer-
its stringent regulations, which, | tification of financial statements by
they contend, have hampered de-| independent accountants. This form
velopment of western mining in| will be discussed at the Butte meet-
recent years. ing. It already has received ap-
Gov. Sam C. Ford of Montana | proval of Colorado mining men, be-
called the meeting following recom-| jing described by Robert S. Palmer,
mendations adopted by the recent | secretary of the Colorado Mining
western governors’ mining confer-| association, as a “constructive step
ence at San Francisco criticizing |in the right direction.”
the. commission’s attitude toward Mining men have been cheered
mining and urging the commission | considerably of late by the fact that
to confer with mining men to work|Commissioner O’Brien is from
out a co-operative plan for facili- | Butte and knows many of the prob-
tating mining development in post-|lems of mining. Administrator
war years, Geraghty’s home also was in Butte
before he came to the Denver of-
TWO SEC MEMBERS < mati
WILL ATTEND MEETING. fices of the commission.
It was announced that Robert T.
O’Brien and Sumner Pike, members
of the SEC; Baldwin B. Bane. di-

 

 

WHAT STOCKS DID.
Friday. US LES
+282

  
 
 
 

rector of the corporate finance di- | Advances

vision; Benjamin Adelstein, mining eeines eee 300
engineer and geologist, and John | Vnchange . 300
L. Geraghty, regional administrator 4 cots
in Denver, would represent the Reoeel deniens ae
Seaman New 1944 lows. 2

Colorado mining men long have
battled for modification of the SEC
rules concerning financing of mines.
Of late, they have been joined by
representatives of the industry in

STOCKS IN THE SPOTLIGHT.
Ten Leaders Sales Close Chg.
Greyhound pfd..-.26,000 a 5%

   
   
  

Idaho, Montana, and other western | Nat Distill ...... . .23,400 ae
states. .,;.. | North Am Aviat. . 18,500 10% + ij

Earlier this month the securities |Graham-Paige ....17,500 6%— 1%
and exchange commission released |'Tex Pac Ld Tr. 144+ %
for approval by the industry a new/Greyhound .... 22% + %
form for mining issues in the ex-|Certain-teed , TU4+ %
Pploratory stage. Mining men were | Nat Pow & Lt Fy ay
asked to make suggestions on this |Nat Biscuit.. 2446+ %
form, which eliminates the exten-|South Pac ..... BLA — %

 

HOURLY MARKET STATISTICS.
Sales. Inds. Rails. Utils.

First.. 142,635 —0.16 —0.02 —0.01

Second, 163,385 —0.19 —0.05 —0.05

Third. 108,400 —0.24 —0.02 —0.09

Fourth 104,760 —0.22 —0.05 —0.05
—_0.

FORD 10 SPEND
MILLIONS
ON EXPANSION

Detroit, Oct. 20—(A. P.)—The
Ford Motor company announced
Friday it plans to spend more than
150 million dollars on its postwar
expansion .and reconversion pro-
gram, the bulk of it for plant. en-
largement, machine tools pad.
equipment.

As soon as the government’ re-
leases them, the company said, all
of its assembly plants will “e: re-
opened and at least one me as-
sembly plant and one more manu-

 

ODD-LOT TRANSACTIONS.

Philadelphia, Oct. 20.—Odd-lot
transactions on the New York stock
exchange Oct. 19 consisted of pur-
chases of 89,190 shares on 3,119
orders and sales of 82,260 shares on
3,237 orders, including short sales

of 345 shares on nine orders, the
securities and exchange commission
reported Friday.

Round-lot transactions comprised
purchases of 29,790 shares and sales
of 26,760 shares,

0.

BARRON'S INDEX.

New York, Oct, 20.—Barrén’s sea-
sonally adjusted index of tri*de and
production for the week ety ed Oct.
14 stood at 129.2 per cent of the
1935-39 average compared with 128.2
in the previous week and’ 146.0 a
year ago. The publication disclosed

 

 

 

Rene plant will be opts bined. Friday.
Negotiations now are under way on The index and it, Ss
these projects and, the announce-| low: piceaponents fob

ment said, assembly plants at Buf-
falo, N. Y., and Long Beach, Calif.,
will be reopened along with an ad-
dition to the Memphis, Tenn., plant.

The company’s statement said it
wished to “correct an impression
that the first postwar Ford cars
will be face-lifted prewar models.
The first postwar Ford cars will
incorporate more changes than
some of the industry’s year-to-year
revisions in prewar days.”

It also was announced that the
company has settled on “the second
postwar line of cars including a
lower-priced car, plans of which
were previewed by regional man-
agers this week.”

Ten or more parts depots are to
be established thruout the country.
The Ford company already has
bought ground at Denver, Colo.,
for one which will cost more than
one-half million dollars. Construc-
tion of the others will follow as
soon as possible, the statement
said.

The company said it believes
there will be 10 million more car
owners after the war than there
were in prewar days; that means
that the number of car owners will

Oct. et: , Yr. ago
Index adjusted. .129 146. 0
Index unadjusted 10; 3
Industrial output 240.1
Steel production 227.2
Petroleum output 149.3
Coal output .....152.4
Carloadings ....163,
Electricity outp’t 196.0
0.

 

 

 

AMERICAN CAR.

American Car and Foundry com-
pany’s railroad passenger car build-
ing plant at St. Charles, Mo., has
been allocated steel and aluminum
for construction of fifty-five passen-
ger and baggage-mail cars, Presi-|
dent Stevenson announced, said a
Dow-Jones message. These’ will be
the first non-freight cars built since
early 1942.

—TODAY’S MARKETS TODAY—
—0.

 

LONDON STOCKS UNEVEN.
London, Oct. 20.—Following are
the industrial and railroad averages
for stocks traded on the London
stock exchange, compiled by the
London Financlal Times:
Industrial Railroad
6.7 66.2

   
 

reach at least 40 million in the} Friday ........... 6.
United States. . Thursday . 66.4
Wicere ago. 66.1

onth ago 65.5

| Bond Market | | Year ago’. oe
New York, Oct, 20—(A. P.)—The {ipa ioe Store, 2
bond market managed to hold a —TODAY’S MARKETS TODAY —

relatively steady undertone Friday,
altho scattered small losers at the
start of the final hour detracted
from the advancing side.

Late firm poate included Boston
&) Maine 4%s and Bush Terminal
5s. Most of the St. Paul loans were
under water, altho the adjustment
5s approached previous highs on
good volume. Seaboard Consolidat-

Local Securities

The National Association of Securities
Dealers, Inc., district No, 3, published the
following retail prices, based on quotations
furnished to it by certain dealers, as at
9:45 o'clock a. m., Oct. 44, The as-
sociation assumes no iecoraimilies for
these prices and the same are only indica-
ar age the general current soe ket

 
     
  
 
 
  
     
  
  
 

 

        

  

ed 6s advanced to a new high at 7 Aske
ked

45%. eee Sugar pide :¢ “8 $ pie
——— 4.5)

BOND AVERAGES. by 9.00

(Standard & Poor's Corp.) Cait Bee “Pwr ist pid.: “75 110.75

(Friday, Oct. 20.) 90 54,50

(Dollars Per $100 Bona, ) a 5 7.00

(Medium and Lower Grade Bonds.) _ Colo Stilling pid 00 57.00

20 20 Continental Air Lines 75. 10.75

io . Rails. Utils. Bonds Cresson Cons Gold Mines 95 1.15

Friday a Daniels & Fisher com. 00 63.50
Thursday Denver Tramway pfd 0 5 0
Week ag do new pfd 0 < 0
Month ago 11 Denver Un Stk a if

om

peers, Golden. Cycle’ Co 0 43°00
High 1944. Ideal Cemen 5 27.75,
Low 1944..119.04 Longhorn Portland Gemnt 17.00 19.00.
High 19131119. Bt MacKinnie ou & Drilling. 2.50 3.00
Low 1948, 115 tn Fuel Sur 8.65 9.65
ae 1943116, pe Min, States Wel” Te 00 137.00
orthern ia Gas com, 2 8.00
Low 1942).105.27 1 97.47 | Potash Co of Americ 0 6.50

  

(Dollars Per $100 Bond) | PUP Sve of Colo 5%

 

fe te isa 15 Defaulted
rade Bon: ‘onds
Friday ..... wee

Thursday . 59. 55

 
   

Week ago

Mo‘theeroue So ‘Colo Power

Tom Bell Roy: a
United Gold Mines

   

   

ae

 

Denver epee
Calif Elee Power !
Moffat Tun 5s

"50

i 8!
5 ys

due 1944 1,08 8 (depending

4-00 107. 00

      

    

 

 

eae . ea eae -101.00 to ao De
ueblo 2
5 terval Land Bank Bonds | f° Sve Cole ae ee
Issue— Maturity. Bid. Ask. do 344s °64 ..... Z
3 July 1955-45 101.25 101.27 EQanae Bee 3s-5s 10.00
3 Jan, 1956-46 103.5 103.7 | Rky Mtn. Fuel 2%s ’5: 01
3 May 1956-46 104.. 104.7 Wietor Fuel 5s '53 58.00 61.00
3% ay 1955-45 101.15 101.17 ODAY’S MAREETS TODAY—

 

TREASURY BALANCE I

Washington, Oct. 20.—(A. P.)—The position of the treasury Oct. 18,
with corresponding date a year ago:

  

 

     

 

 

The 100 per cent stock dividend
and the quarterly payment of 60
cents a share on old stock of Pot-
ash Company of America, declared
late Thursday, will be payable Dec.
1 to stockholders of record Nov. 15.

Colorado Fuel & Iron corporation
has received its third Army-Navy
“E” award, it was announced Fri-
day.

Carrier stocks had to contend
with the statements of 135 class 1
roads for August revealing net op-
erating income dropped to $101,-
365,613 from $132,271,087 in the like
month a year ago.

 

covered a third pay zone in the
Graham field of Carter county,
Wyoming. The company’s No. 1
Fowler made 120 barrels an hour
from the Chimney Hill sector of the
Hunton Lime at 5,443 feet. Previous
production in this area has been
from the Hoxbar and Deese forma-
tions.

Wheat was weak at Chicago and
other grains lost fractionally in late
trading Friday. Rye at one time was
up more than a cent and the Decem-
ber contract sold at $1.13%, a new
high since mid-July, before prices
eased back to below the previous
close. Many “stop-loss” orders were
taken on the decline. The tight
statistical position of rye and the
fact that country offerings of corn
are holding at ceiling levels ac-
counted for “short” covering in both
grains early in the session. The
wheat market was without aggres-
sive support thruout the day.

At the close wheat was %4 to 154
lower than Thursday’s finish. Corn
was % higher to % lower. Oats were
% higher to 34 lower. Rye was dows,
% to 114 and barley was off % to 34.

Money in circulation in United
States and federal reserve system
holdings of United States govern-
ment securities moved to new rec-
ord highs during the week ended
Oct. 18, while the downward trend
in gold reserves finally came to a
halt after inventories of the metal

 

since Aug. 14, 1940, the system’s
weekly condition statement dis-
closed Friday. Monetary circulation,
swinging forward for the twelfth
consecutive week cfimbed 58 mil-
lion dollars to a record pigh at
24,157 million dollars and ho dings
of United States government securi-
ties rose $70,946,000 to an all-time
peak at $17,086,725,000. Gold stock
increased 3 million dollars to 20,728
million dollars,

International Nic Nickel company
may receive a monetary considera-
tion from Russia for its nickel-cop-
EB © property, Petsamo Nikkel O-Y,
jocated about thirty miles south-
west of Petsamo, in Finland. This
port and surrounding territory re-
cently was ceded to Russia under
the armistice terms with Finland.
The property had been operated by
a subsidiary of International Nickel.
Following the invasion of Finland
in November, 1939, the parent com-
pany, feeling that the future of the
property was problematical, set
aside a reserve of $6,723,908.

Bulls in the liquor shares con-
tinue to talk of the benefits to come
to the distillers if the proposed
second month’s permission to make
molasses alcohol for beverage pur-
poses is granted.

Something of a reversal in the
trend of recent years took place
in the sale by National Distillers of
one of its distilleries. For the last
three years the big distillers have
been buying the smaller outfits
right and left.

Sharps say you can tell how the
share market is going without look-.
ing at prices. All you need to know
is the action on special and sec-
ondary offerings. When prices pick
up a little the specials appear.

 

 

Some cheer was derived from
the comment of Ray Blough,
the treasury’s chief tax adviser,
that excess profits imposts ap-
peared to be headed for the scrap
heap after the war. He added that
congressional and treasury experts
were unanimous in believing such
levies would not fit into any perma-
nent peacetime reve revenue program.

U.S, CONTROL OVER
LOCAL DISTRIBUTION
OF NATURAL GAS HIT

Washington, Oct. 20.— (A. P.) —
The federal power commission’s jur-
isdiction over local distribution of
natural gas from interstate pipe-
lines was questioned Friday in a
brief from the Texas railroad com-
mission.

It was filed in connection with an
application of the Memphis Natural
Gas company on which hearings |B
were held recently.

The company requested authority
to build new facilities in Arkansas
and Mississippi to provide addi-
tional gas for Memphis.

The Texas commission contended
that the natural gas act does not
authorize the power commission to
control local distribution regardless
of the source of gas,

“The business of supplying local
consumers is a local business, even
tho the gas be brought from another
state and drawn directly from inter-
state mains,” the brief said.

It added that local interests are
paramount and interstate corpora-
tions are of “minor importance.”

TAR STORE
SALES UP SHARPLY

Washington, Oet. 20—(A. P.j—
Department store sales were 16 per
cent higher in the week ending Oct.
14 than in the corresponding week
of last year, the federal reserve
board announced Friday.

Sales during four weeks ending
Oct. 14 were 13 per cent above last
year, and for the year to date were
up 9 per cent.

By federal reserve districts, here
are the percentages by which sales
last week exceeded the correspond-
ing period of 1943: Atlanta 34, Cleve-
land 22, Chicago 20, St. Louis 18,
Richmond, Kansas City and Dallas

17, Boston 16, San Francisco 14,

 

 

Oct. 18, 1944 Oct. 18, 1943
veceiptsi y <<. a. sictatereofere 45,949,987.69 62,701,214.77
HEspendituves Meir. #239,007,336.20 292,536,490.19
Werebalancel t-te ki 11,970,779,385.6/ 1,422,813,313.02
Working balance included........ 11,207,901.157.0: 9,660,106,932.58
Customs receipts for month... 16,214 ,607.6° 20,870,014.56
Receipts fiscai year (July 1)... 11,755,816,787.2C 11,487,582,974.64
Expenditures fiscal year 28,795,095,300.08 26,634,283,251.33
Excess of expenditures. 17,039,278,421.82 15,146,700,276.69
Total debt ....... eoeee 211,314,744,285.93 168,627,040,636.74
Increase over previous day... 9,674,482.44 ss eesleececccers

1 mratprsmeenenascermaen  f0,728,033,992.44 h35,4117,501,30 |

L

Philadelphia 10 and New York
te ZODAR'S MARKDES PoDabet

Continental Oil company has dis- |!

 

stocks
evening-up operations.
ing lightened, altho considera-
ble activity was noted in the
recent favorites, National Dis-
tillers, North American Avia-
tion and Graham-Paige, which
ranked in that order in the
most heavily traded stocks.
Substantial turnover also was
noted in Greyhound preferred

 

COMPLETE

New York, Oct. 20.—Traders
concentrated on special issues
Friday while the main list of

receded on. weekend

and Certain-teed.
Four stocks gained 4 points
or more—Bush Terminal Build-

ings

Trad-

preferred, Certain-teed

preferred, Vicksburg, Shreve-
port & Pacific, and Vulcan De-
tinning.

Month” apoE in.

Year

Low 1944..113.85

 

ago..

(1926 Average Equals 1
50 20

STOCK EMS

ie

(Friday, Oct. 20.)
(Standard & Poor’s Co:

-118,12

 

1
35.37

 

 

90
Stocks

DUW-JONES COMPOSITE gr9oK AV’RGE,
Sales,

 

(Briday, Oct.
AVI

 

   

 

. Net Chg.
Friday
Thursday
Week ago”
Month a0! up 0.13
tear Deets 0.

 

 

« 70
76,380
¥ up 129,080
83; low, 1944, 47,01,
High, i943, 50.89; low, 1943, 39.84,

DOW-JONES PRELIMINARY AVERAGES.

Thirty industrials .
Twenty rails
Fifteen

transactions on the
change,

utilities
Sixty-five stocks

New York, Oct.

  

 

New

Thursday’s close:

 

q ...0.
Alleghany Corp 2
14

Sales in eens eds

do pid

do pr pfd
Alleg Lud Stl..
Allen Industries
Al Chem & Dye
Allied Mills
Allied Strs

had dropped to the lowest level Am fof

Am Br SN pid ae 2

Am

Am Oat
do pid
Am Car &
lio pid . %
Ci a & Sele bi
1
Am. chic ae
7%

 

 

  

   

 
 
 
 

hare:

+01

 

 

 

  

   

 

2814
Am Encaus ‘til. ea
Am European. 9% 1
3% 3 2
or B51
20% 22 4
36 3
Am Hide & Lea. 5% e
Am Home Prod, 75% 75%
Am Ice .. 4 46
Am Internation: 85% oh
Am Invest Ill.. 8% Ye
pa Locomotive 1 22% 21%
eeenone 1015, 1014
ee * & ao Pry Tea? 1 @
™m et .. 12% 113
ee Metal . . 23" 2 ie
suiars 128 12:
36 3
2 27,
56M BE i
49%% 4856
12% 12%
% 16%
do pfd . ji 739, Wait
Am Seating)... 16% 16%
Am Smelt & RB.) 41m 41%
Fae CTPA 158% 158y%
uff Aa: 44
aa Stl Fdrs 26: 26
Am Sronee cess 17 ye

 

 

 

 

 

 

53.47 off 0.15

2 P.)—Following
is the complete tabulation of Friday’s stock

BORE

B

HB

RROD CURES STEER OL | C2929 1S 20)

We

Hilti

York stock ex-
together with net change from

Net
High Low Close Ch’ge
64 64 1

 
 
 
 
 
  
 
 
 
 
  
  
 

    
    

32, s2291000

 

DERARSR
++]

 

 

i h—
Se
144% 14444— %
ar 25%. 12% 125 %
Am Viscose .. 45 45 4B
Am Wat Wks.. 2 9% 9% 9% Y%
do 1st pfd .. 1 97% 97% 97%4 %
Am Wool pfd.. 6 91% 91% 914% ,..
Am Zine L&S.. 1 4% 4% 4%—
Anaconda Cop, 46 27% 275% 27%+ ¥%
Anchor Hock Gl 2 26% 26 264 44
Arch-Dan-M ... J 54 54 54 %
Armour & Co . 25 61 ae 6%
do pr pfd 7 97y 97%+ %
do pfd . oY 108, , 109%+ %
Armstrong £ 45 — %
Artloom Corp.. 10% tou 10%
Assd ae Goods 17% 17° 1nh4 af
Bie es 1 61% 67 67 —%&
96% 96 96 —
an Chatt Tine, 40% 40% 40%—
a G&W ypaiee t 35% 34% 35%4+1%
pid .... 70 +1
30%+ %
111 —1
164%— 1%
60%+ %
do pfd . 116 + %
AustNich pr 77 ‘+2

Aviation Corp

   

 

 

   

 

 

 
 

 

 

   

 

 

 

Bae Loco, et.. 3
ae & Ohio.. 8%
Balt & Ohio pid 5

Bangor & Ar 12:
do pid tne Ord 65.

Barnsdall_ Oil 23 63%

Tr See Bi
Bayuk Cigars . 31%
Beatrice Cream 3556

pfd . 0.20 109

9%
1%
3
i 45%
0
41

Best Foods’: 84

Beth Steel 635%
do pfd 126
Bigelow: Sant’. 0%
law-Knox . 05g

Boeing Ai 6%

Bond Strs é 7

Borden Co 1 AU

Borg-Warner 91%

Boston & Maine 5%

Bowen R Bear. a

3 1% %

Bri = 1) %

Bristol- Myers 538 2

Bklyn Un Gas. 3! 1 84,

Brown Shoe 3Y 339

1 2

BHM each
dd Ee tees y
do $5 p ee « B.4 47 Me

Budd Wheel .. 4 9% %

Buffalo eras . 22. 2

Bullard Co . 19% 1
Burling Mills. 1 361 35%

Burr Add Ma.. 21 14% 14%
ush Termi: 4 655
do pid 10 6 ¢
do Bidz 40 8 4

Butler Bros 6 2%

pee) Commas) 5
do pfd ...... 0.60 1

Cc
Calif “Packe... 5 27% 2734
Callahan Z-Ld.. 2 1 1

 

 

 

 

CLOSING NEW YORK STOCK QUOTATIONS

 

 

MARKETS AT A GLANCE

Friday, Oct. 20.

 

Stocks easy; light selling depresses leaders.
investment issues advance.

Rye weak; possibility of renewal Canadian imports,
Cattle steady.

NEW YORK

Bonds steady;

Cotton quiet; mill buying and hedging.

CHICAGO
Wheat weak; liquidation, lack of demand. Corn about steady.

Hogs active,

 

Sales in Hun

dreds
of Shares High Low Close Cite

Calumet & Hee

   
 
 
   

cent Aguirre Ae

Cent Foundry .
Cent Lt pf.0.2
Cent NJ

Cent Viol Sus
Cerro de Pas

 

C-teed Prod .:12!
do pf ......10,2
Chain Belt ...
Champ P & F.
Ches Co Va.
Ches & Ohio ., 1
3
2
8 | Chi ol
Chi Yell Cab .,
Childs Co .... %

chess Corp .
City & F,

Glad ae .

10

do 5% pid
Colum Pict .

lo pid .
Coml Credit .
Coml Invest
Coml Solvents,
Comwlth Edi
Conimiih &

Conde, Nast
Consol Cigar
Cons Copperm.
cous padiacss .

 

B.
Con RR Cuba pt
Cons Vultee
do pid
Consol’n
do pfd

 

 

Consum P
Contai ee

 

 

i s. 2)
Cont Oil Del ano dt
Cooper Bess ...

o2 0.7

Crewn Cork

 

Om ieible Steel
o pfe
ba F

Cutler-Hammer, —

Davison Chem .
Decea eon
pene & Co.

pid
paver Wem: “aii.
Del & Hudson..
Del Lack & W.
Detroit Edison..

 

      
  
  

Cor. . FS

 
 
 
 
   
 

 

 

 
   

wa

9
o
4
3
®
ee
z
2
>
we
2

Diamond Match
Diam 8 Motor..
Dist Corp-Seag.

do pfd .
Diner Cup” “A:
Doehler rues Cas
Dome Mine:
DouglasAircrait
Dow Che

 

Dresser Mig...
Dunhill Int
Du Pont de

do pid

 
  

Eagle Pich aa
Eastern Air L.
East S Stl
Eastman Kodak
Eaton Mfg ..
Edis Bros Sirs.
El Auto-Lite ..
Elec Boat .....
El & Mus Ind.

El oes Lt 1
6 pid

ElPaso Nat Gas
Emerson El
Endicott-J _ pf..0.

 

cath ee
lo D. P ;
Eureka V Clean
Evans a ode
Ex-Cell

  
 

 

FairbanksMorse
Farns Tel&Rad
EF Mng & Smelt
Fed Mot Truck
Federat D Strs

First. ‘Rat Strs.
Flintkote  .....
Florence Stove.

Follansbee Stl.
0.61

 

do pid .
Food Machin’y
Foster Wheeler

do 6%
Freeport
Fruehauf Tra..

do pfd .....0.

 

Gabriel
cata (ohn

  

General Co..2.
Gardner-Denver.
Gar Wood Ind.
Gaylord Cont ..

   
   

Gen Baking
Gen Cable
do A

Gen Foods .
Gen G&El A...
do ev pfd..,.0.'
Gen M 5% pfd0.2
Gen ‘Motors

 

 

lio vfd ,
Gen Out Advert 1
Gen Prec Ea..
Gen_ Print Ink.

HA 29 29S OF AE A8 OH IR DD

0.7

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Eng Pub Sery. 2.
do $5 pfd....0.4
do $5% pid.:1.51

ae walt *Blds
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71%

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§

115

Suet
4344 %
23%

5am
454—1%
82
23%
22%
32Y4—
4

4
1s 113% 1144%+ %

Co
ant Yn
—=%

6Y— %
17%—

1008 104 104%— %
7% 3

50% 0x4 39%—

 

u
%

424%, 494% 494
BY 8% Bt 1K
140, 199% 140 + %
31 —1%
a %
6 129% 129%— 4%

Plaka

2oy Bam Bem 11°
i0 9%— %

 

 

EXTENSION OF WOOL
BUYING ANNOUNCED

Washington, Oct. 20—{A. P.)—

Government

agencies

 

Thursday

took cognizance of two complaints
from western lamb feeders by ex-
tending the wool purchase program
and promising a survey of the lamb
price situation.

Senator

O’Mahoney

(Dem.)

of

Wyoming announced as he left for
the west that the Commodity Credit
corporation would accept under the
1944 purchase program all pulled
wool from animals slaughtered in
1944, if the wool is tendered before
Feb. 15, 1945. y

The CCC previously had planned

to terminate its 1944 purchases on
8h Headers, howexex,

   
 

O’Mahoney; chairman of the senate
special wool committee, that slaugh-
terers threatened to reduce prices
paid for fat lambs if they could not
dispose of their wool within the
slaughtering season.

Price Administrator Bowles wrote
O'Mahoney that he was “disturbed”
by O’Mahoney’s reports that lamb
ceilings are too low to compensate
for higher operating costs.

Bowles wrote, the senator said,
that “we will investigate the whole
situation carefully and, if it is in
any way possible or proper for us
to make adjustments, you ean be

sure that we will do so.” |
an CODAWE MARKED DODABCS A

 

 

   
   

 
   
 
   
 
   
     

 

 

Sales in Hundreds
of Shares High Low Close on Fe

26 — %

 

 

   

 

 

 

 

 

 

 

 

 

3
vr 2%
re 1 E
‘els. 20 £
vce 524 52%...
Taio 03 LOBt oie
48% 8 ane at ie
eseueee 110 110 110 — 2
Goth “Hosiery > 16% 208; 18%
Graham-Pg | Mot 96 6% 5h 6% ci)
Granby Cn Min Lh 4% ais ee
Granite City Stl 1 14. oy
Gt. Nor IrOre st 16% 16% 16%+ %
41% 40% 41 + \%
est 27% 2% ZT h— %
ae DL). 54° 538% 53%...
crevnound: Cor. 12 23%. 22% 22%+ %
do Tih 11% 11% ...
gram”, Nhe EB xd z 21% 2 # 21%+ %
Guantan Sugar. 5% 5A %
167 16 165 —3%
13 12% .12%— %&
57% 5 ie
46% 46%
H
28% 27%
all (WE) Pr.” 1 19% 19%
amil Watch .. 2 14% 14%
arb-Walker 18% 18%
at Corp Am & 7% 3%
ayes Indust .. 26 4
aps Ei 3 2 21%
21% 2 .
166 16 16 :
24, 24 24 — %&
534 8 85 — %
Holland Furn .. 44% 44% 44164
Hollander & Son 8% 18% 18%+ %
olly Sugar .. 8% 1 4 184+ 4%
Homestake Min 4 43% 43% 4344 34
pug: Hersh A. 44 4 ar ae
Biiealactcte 7% 16% “16%— %
ieee Lé&P 856 685 68% ...
Houston Oil ... 1 0% 10% 10%+ %
owé Sound .. 27% 32% B2%e+
udson & Man 1% 34 Y— %
ud Bay M & & 27% 27 2m
udson Motor.. 145% 14% 144— \%
Hupp Motor ..., 14 4 4% oe
I
sens Central. TY 16% 167
MCenLL...-.6.10 86% 06% Geo 4
do pfd .. : 40 4 4 404%—
Indpls P & Lt. 9 19% 19% ...
Indust Rayon... 834 3844 38%4— he
Inger-Rand 108% 108% 108% +1%
Inland Steel . 3% 8s 8: at %
Inspirat Con Co oh Aes 11%— %
ee Corp 6% 36 3 ee
we Vone'e 110° 110° «11 owe
Tateeon Rubber rt
Interlake _Iron.,
Int Bus ‘h.
Int Harv ester,
do pfs
Int Hvdré: Malaea
Int Minerals ...
Int Min & Chpt
Int Mining ..... 1
Int Nick Can. e
Ar:

 

Interst Dept Str
Intertype Corp..

 

 

 

 

 

  
   

 

 

 

 

 

 

   

Jarvis W B..... 1 1
Jewel Tea . 35% 35%
Johnson & 32% Be 3)
Johns-Manvill 00 99% 10 Sao.
Jones & L Stl. nee 25% 25° 2 —%
doa B ay Bbq S34"
D. 3 2 ea
Joy Mig 1 16h teh tex %
Eaeseas
Kalam 20% 2 20%—
i ah 10h 308 x
Bt
ep eR aa
ap ap 958 Spee
ee 3 oe
$5 0.5 72 ¢ ih t
Kresge & ra) a” 26 ge""
3 3
eeerer Groe .. 36% 36% 3 ieee
Hacleds aoe pt 0.2 86% 86% 8
Hepa de HE
4 8
20% 28% Boi
1% % Teen
27% 27% BIY+ 4
Lehman Corp 36% 3 36 — %
Lehn & Fin 20% 205% 20%+ I¢
Lerner Store: 51 50% 50%+ %
Os Glas: 53 52% 52%— %
MeN&L 1 1% 7 Dh— Yes
Ligeeit es Mets 81 80% 81 +2
: 81% 8 1%— %
ae 0.10 181 18 ass
mich oe 1 47 46% +%
Link-B 1 393% 39% Be Fe
Tianig SGapants 1 275% 2 —
Honicheed. arch. 2 21% 2 +
Loew UG. z 65 645 a zg
Lone Stan Cem 49% 49 bee
Long-BellLbr ma t 12% 1 Ya— %
Loose-W Biscuit 36% 36 w+
Lorillard P .. 9% 1 =k
Pitas 108) 288, 1 4 ¥
ouisy 2s
Louisy & Nash 4 89% 89 Ya =
M
MacAnd & ore 1 29% 29% 294—
Mack Poe 7 44% 43% 4444 %
2 30% 3) B80 see
¢ 2 ae af e ye) +
Manati Sugar.. 4 8% Os Ba %
Maracaibo OEx 3% 3% 3%t %
Marine Midland 2: 8% 84+ %
MktStRypr_ pi0.7 70 17% 17% 17%+ %
Marshall a 30 17% 17% 174+ %
Martin 20 19% 20 + 1%
Mariage 5 il 11% °11%+ %
Masonite Corp 43% 4355 43%— 3
Mathieson. Alk 227% (22%, 22%...
May Dept Strs 62 6 62_ +1
Maytag Co 9% acne autias
McCrory Stores 20% 203% 20%+4+ %
54 4G ee

 

 

 

f
pt 108 108
Minn-Moline 8% 8%
mn & $ 54% 53%
Bieston Corp . 20% 20%
Mo-Kan- ees 1 3 3
4 13% 12%
so4 36%
28 23%
Bem 86
37% 3h
2 21% 21%
21% ei 4
eal Mf B. 10% 103
Diss 1.40 #100 99% BO ee x
aoe GO rs alesS 81 +1
Murray Corp, 8 13% 13% 13% %

Nabco Liquid .
NS -Kelbinator

Chat & SL 0.1
Acme ..

Nat

 

Nat Container :
Nat Cylin @

N Dairy Prod: 1
N Dept Stores
Nat Distillers .23:
Nat eypecry L

 

  

 

 

  

1
iY
ay
6%
:
6
6
108
6
7
8%
ag
2
6%
: 6
38%
N w Teck ew. 04 78%,
N Y_ Shipbldg 9 8%
ND Sparks | eel 0%
& West.3.20 212
Nor idee wat 0.10 1
N 2m Aviation.184
North pee Co oa
10
23.
Northwest Airl 1
Norwalk T&R 3
Norwich Pharm 2

Ohio Oil .
Oliver Cor

   
 

 

 

    
     
 

 

Bales i a Hundreds
f Shares High Low Close on fp

Otis 5. Blovdton + 1 28% 23% 23%— 2
3 43 43 +
Owens! in Glass 59% 59% 59% ..,
Pac Am Fish .. 1
a 90

  

Ya
i 20" Soe gou—
mae a ie ‘tel. 0. 30 ay 120% 120%-+- 4
++ L.3! 158i 157% 157%— %
Pee Bin Gons.. 8 Che Che tect os
Packard Motor 2 5% 5% 5H wee
Pan Am Airwys 1 32 31% 31% .
Am Petrol 13% 13%, ee :
Panhandle E Pl 50% 49% 49%—
Param Pictures 1 26% 26% 26%+ i
Park & Tilford 31% 380% 30%—
Pk Utah Con M 4 im 1% oe
Parke Davis . 30% 305% 30% ...
Parmelee Trans The: 77: eae
Patino Mines .. 18 me
Penney (JC)...
Penn-Cent  Airl

Penn _Cl&Coke.
Penn-Dix Cm pf
RR.

     
 

Phelps Dodge ..
Phil Co 6%pf.3.7
do $6 pf 5

 

of
Phileo Corp .,.
Philip Morris

 

 

 

Poor & Co B

14
Pressed Stl Car,

 

CLOTHES ORDERED
BY RELIEF AGENGY

New York, Oct. 20.—(A. P.)
—The nation’s wool manufac-
turers had before them Fri-
day the first request for tex-
tiles from the United Nations
relief and rehabilitation ad-
ministration—a bid for 8,288,-
000 yards of woolens for the
last quarter of 1944 and 14 mil-
lion yards for the first quar-
ter of 1945.

The procurement division of
the treasury department also
announced bids were sought
on more than 2,800,000 wom-
en’s, misses’ and children’s
coats and dresses for the for-
eign economic administration
to be distributed by the army
in liberated areas.

The treasury procurement
division said the yard goods
would be distributed in coun-
tries where it was most need-
ed and payment would de-

end on the individual con-

ributing nations to UNRRA,

 

 

 

 

 

do 2d pfd ...
Procter & Gam. 10
do pid .....0.40

 

 

    

   

 

 

 

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

 

 

  

 

 

 

 

112% 112% 112%— %
$i 90 1035 103% 103%
Pub S B&G pio. 20 117% 117 4
Pullman ...... 20 46% 46% 46%4— %
Pure Oil .. 15 16% 16% 16%— %
Purity Bak wv. 1 24% 24% 4 s
R
ppalo Co of Am 46 10% 10%
pid «2.6.5 2 %W% 78%
Radio: ee ‘Or. 48 84 8%
90% 90
RR. See m 6 $.0:30 14% 14%
Rayonier Inc .. 4 16% 16% 16%
do pid & 33% 33% 33%+ %
Real Silk Hos. 1 12 2. 12 —
Reliable Stores. 1 17% 17% 17% ..
Reming Rand.. 5 °21% 21% 21%+ %
Rens & Sarato.6.30 98% 97% 98%+ %
Reo Motors ... 3 é
Repub Steel .. 1
SES Cop & 12 12 5
pid ....0.40 101 101 101 —2%
Reynolds Metals 15% 15% 15%4— %
Edi see res 9: 94 95 +1
RevnOlgs on: 0.3 3 3; e
nae 32% 32% 32%+ %
8 5% 9% os.
14% 14% 14%+ 1%
% He 2 —
22% 22% 22U— %
beroi 3 3 eaters
ustless I & 18% 18% 18%— %
8S
Safeway Stores. 52
do 5% pid ...1.50 1125
t Joseph pe 345;
avage Arm: 2
chenley Distil. &
cott Paper ‘
ears Roebucl 1
ervel Inc .... 1
haron Stl Cor
SharonSteel pf.0.5
Sharp & Dohme 4
Shattuck .FG).
Shell Union Oil
ilverKingCoalit 4
i 42% 4 2+ Ue
mith & Cor Ty 9% 2
ocony-Vacuum 4: 2% ie
ou Am G&P 4%
0 P Rico Sug 4
do pid ...... 155° 155, 1
Sou Cal Edison 6 25%
Sou Na 6
outhernPacific 9% 24% 2
bare
% : Sham Ye
M, Z a
Te # aetna
% Som %
cise 112-112 «4+
295% 29% 29%+
3% Ms YB sss:
a +_%
+14
ae Meg
ae
i A 3 5 te. +
Stand Oil Ohio.. + &
Stand Stl Spres. 4 =
Sterling Drug . % 478 B+ 3%
Stewart Warn. a % 1% 6
Stokely Bros 5s 11% Yy— %
Stone & Web Fe, eo t+ %
Studebaker 1 a or
Sun Oil 3% 6F <=
do pfd W201 1 1
Sunray Oil
Sunshine Mng 935
Superheater 24%
Superior Steel.. Fe oe
30%
30%,
27%
6%
T
46, 4
% oon
85% B51
1 17%
24 23°
8. 814
%
4 4
x 4 4
Thompson (JR) 12% 12%
‘Thompson Pro, 48% 4 2
Thompson-St .. % 4%
do pid 2 2: 2!
ae Wat A ‘oi, 4 1 ie %
Timken: Det a 1 BBY y
iken Bear 50% 50 %
ea s 9% 95
Air, 4 24 2 iH 2 %
ae & will, a Lee Ae a LF
ae cone Corp.. 5 4% aoe
.0.5 97 96% 97 — %
ieee “hoaes Cc 10% 10% 10%+-%
Tubize Rayon, 8% 18% 185+
Twent C Fox.. 14 25% 2516 25%— 4
do pfd ° 32 31% 32 + %
do pr pf 105. 105 105 — 5
Twin Cy Rap T 835 My 8%4— 4
do pfd ....440.10 105% 105% 10542...
Twin eCoaeh wee Ae fF 18% 5 18% see
We

Union Bag & P 20
Union Carbide.. ki

       

 

 

 

Union OW Cal
Union Pacifi
Un Tank Car
United Air
oe Aireraft ft 81% 31% 3.
pid 2 109% 10954 10954 eee
Unit Bise “pid.0.10 112 112° 112. —'%
United Carbon.. 2 66% 66% 66%+1%
Unit-Carr Fast.. 28-28. 28...
United Corp ... 33 1% 15% 1h —
pid - 84 37% 87% 37% ...
united Drug. 9 15% 15% 15%+4°%
Unit Dyewood.. 2 9% 9 Dee
United Bl Coal. 5 10% 10% 10%+°%
5 ou 1 31% 31% 31%+ %
1 89 89 89 —%
p 25 ee ie ore 83
414+1%
ee 105% 2A Sha— 16
Se

 

Sor 3 aes %
Didi eetores 0.30 10038 10688 100% on

Curb Market

New York, Oct. 20.—Curb stock
prices moved irregularly in mod-
erately active dealings Friday.

Industrials were unsettled. Hazel-
tine corporation, Eversharp, Inc.
and Childs preferred improved
around a point each. Aluminum,
Ltd., lost more than a point. Minor
gains were registered by American
Cyanamid B and gobban Atlantic
Sugar.

Closing prices of a few Jen ding
stocks follow: Alum. Ltd., See
Alum. Co. Am,, 355; Am.

Elec., 32%; Am, Light & Tt., cre
Am. ‘Maracaibo, he Amr, Superpow-
er, %; Aark, Nat. Gas A, 3%; Atlas
D. Forge, 10%; Atlas Plywood, , 163%.

Babcock & "Wilcox, 28; Barium
Steel, 356; Bellanca, 356; Bliss, 145%;
Brazil Tr, 19; Breeze, 13; Brewster,
2%; But. N. & Ep., pfd., 195%; Buck-
eye Pipe, 10; Burry Biscuit, 38565
Can, arconi, 1%; Carrier Corp.,
1944; Cessna, ‘46.

Cities Service, 1444; pfd, 109; pfd
B, 10%; pfd BB, 103; Consolidated
Steel, 15%; Cub Atl Sugar, 22%.

Blectrie Bond & Share, 10%; Fox,
255g; Ford M Can A, bove; Ford
Motor Ltd, 6%; Glen’ Alden Coal,
pie Humble Oil, 39%; Hollinger
Gold, 9%; Int Mtn & Chem war-
rants, 9%; F, L. Jacobs, 10%.

Kingston Prod., 3%; Lake Shore
Mines, 15%; Lone Star Gas, 10%;
Memphis N. Gas, 4%; Middle States
Pete, 2%.

Niag. Hud. Pow., 3%; Ohio Brass
B., 22%; Okla. Nat. Gas, 28%; Pan-
tepec, 7%; Pennroad, 5%; Phoenix
Secs., 37%; Raytheon, 45; Republic
Aviation, 5%; St. Regis Paper, 5% 3

hépHar-

 

   

 

_ ns
ee

Sales in Hundreds
of Shares High Low Close onre
6%

 

 

 

 

 

 

 

 

 

 

 

  

 

      
 

US$ Freight . 16% 64 — 4
U_S Gypsum pf0.10 18
v Mach 14% a wor
U 276 +3 at
do pr pfd ....0.10 111% 111% 1.
ues Lines .... 1 fe 4s + +
10. 7 BR
US abe 43 4 fs
U 5 49% 49%%+
a 147% 14744 147% +
5: .
u 58% 58% SRK
lo aS th 1 1% 1 1% "y
$ 4 Ye
Uniy-Cyclops St 1 15% 15%—'
Vv
Van Norman .. 12% MG Yo—
Van pete eee a % "6 ae ¥
116% 116% 116% ..6
19% % ny
Vertient Cam 30 2 13% Be 4+ 9%
Vicks Sh & Pac0.2! 8 +4
Vie Chem Wks. 23% # Me se
Va-Caro hem. . a 3%
do 6% p. 55% ye 5B
Va ‘al & B Sopt0.3 iL 117% 1. see
Mirela Ry... 4 2 41% 4144—1
pid /s..... 36Y ba %
Vulean Detin ..0.50 125 1 L
w
Wabash RR pid 58% 5; 5
Waldorf Sys ... Lael, 1
Walgreen Co .. 3 2 - 3
12% 12% 1
31% 3. 3
2! 2 2
aa 3 4 3
23% 23%
23% 23%
9 95
10. 107% 1
99% 99%
iL 117% 1
é 108 10: 1
West Auto Sup, 3 3
et Un Tel A. 45% 445% 445%
28% 2B
Westingh Abr. 285% 283%
Westvaco Chlor 30% 30% 30%+1
do. 4% pfid...0.4 V4,
eae Stl... Os
io pr pid .
white (SS) De
White Motor ..
White Sew Meh, Ft 8% 8%
do pid ..... 85 85 85
do pr pfd he 29° 29 =629
Willys. overland: 8 15% 15% 15%4—
Wilson eee fe ee ae oe x y
Wilson&Co $6p:
Wilson-oJnes . 2 134% 13% 13%—
Wiwth FW .10 444% 44 44
Wthgton P&M 17 37 36) 6
Wor aaieacr Dnt: ‘1 76% -76) 6.
€ 74% 74 4
i 0.20 81 81 1
Wrigley W Jr 1 72 7% 2
Y
Yale & Towne. z 33% 33%
York scorn 4% 14%
Youngs Spe & W 3 19% 19
soeey Sh & T 56 39% 38:
do pf ....,-0.20 105% 105% 1
Youngst Sib. 2 17% 17
3 EZ
Zenith Radio « Y 42% 41% 41%— %
Zonite Prod 3 5% 5% 5% see
Total Friday 744,615
828,70
683,595
560,400
726,930
207,590, one
ag 236,498,5:
Two years ago. seeee 89,060,996 -

 

SHOPPERS SPENDING
67 BILLIONS 10 SET
RECORD THIS YEAR

Washington, Oct. 20—(A. P.)—-
Americans are spending 67 billion
dollars in retail stores this year, an
average of $510 for every man,
woman and child, the commerce de»
partment estimated Thursday.

Tho shoppers never spent thi:
much before, the actual quantity of
goods purchased probably reache
its peak in 1941.

Louis J. Paradiso, chief of thi
business statistics unit, bureau o:
foreign and domestic commerce,
making the estimate in the Octobe:
issue of the department’s survey
current business, said retail spend+
ing was $320 in 1939 and $4380 in 1941,

He figured rising prices accounted
for about 70 per cent of the increase
in dollar sales from 1939 to 1944.

If durable goods were not scare
in some lines, Paradiso estimate:
shoppers would spend 87 billion dole
lars this year instead of 67 billion,

He picked 1944 as the probable
peak year for retail dollar volume,
saying production cutbacks attot
the defeat of Germany “will cu:
consumer incomes.”

AVERAGE HOURLY
EARNINGS DECLINE

New York, Oct. 20.—Average
hourly earnings of wage-earners in
manufacturing industries for Aus»
gust declined slightly from July for
the first month-to-month drop since
January, 1940, the National Induss
trial Conference board reported
Friday.

The board, in a survey of twentye
five manufacturing industries, dis»
colsed that average hourly earnings
in August amounted to $1.07, a de»
cline of 0.2 per cent from the prer
vious month. The $1.07 total stood
4,9 per cent above August, 1943,
and 41 per cent above January,
1941, the base month of the Little
Steel formula, The depression low
was 45 cents in June, 1933.

However, weekly earnings in Aue
gust were higher, amounting to
$48.89, an increase of 0.1 per cent
from July and a gain of 5.7 per ce "
from August last year. “Real
weekly earnings, which measure
the quantities of goods and services
that can be purchased with dollar
weekly income, rose 0.1 above July
and 3.2 per eent above a year
earlier.

LUMBER UP.
Washington Oct, 20--(A. P.)—
The war production board esti-
mated August lumber production
at 3,208,339,000 board feet, an in-
crease of 12.8 per cent over July.
The increase, general thruout the
country, was attributed largely to
good weather conditions and a nor-
mal seasonal shift of farm workers
to the woods in eastern lumber re~
gions. f

Production for the first clene
months of the year totals 22,4

 

 

|

Technicoloy, Bibs ig
epeaves, Bite

421,000 board feet,.2.4 per eent bes