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Show ' )' 10. 8OTi S272ffl?i&i?,'0"V" SUN DAY HERALD Stock Mart Prices Drop Fractionally News of Industry, Markets, Real Estate Employment I n U. S. its 61,764,000; Low UnemDiov ment Repo rted at 2-Ye- l 111 ! Business and Finance ar Is. ' WASHINGTON, Nov. 4 (UJQ jobless, group as an important 63,704,000 persons, as compared By JOSEPH W. MICI1ALRKI hnnm. source of workers for defense to 63,567,000 in September and gnurreri hT th Hfn United Press Financial Writer 62,567,000 in October. the number of unemployed in the industries." According to Defense ManFurthermore, he said, the deUnited States dropped to 1,940, NEW YORK, Nov. 4 (U.R) OPO in October, the lowest level mands of the armed services are power Chief Robert C. Goodwin Prices declined fractionally on the all in has of sizeable "a number unemployment dropped eliminating in almost two years. stock exchange today In the dullWASHINGTON, Nov. 4 U.R The census bureau reported young" workers from the. civilian but three of 150 big U. S. in Saturday trading session of dustrial centers, and labor supply Farm production costs will hit a from est Closing quotations Friday that at the same time the manpower pool." the fall. the of Is in scarce the The many, latest getting report placed number of employed in October All divisions of the list sener- the direct wire of rlen-L- o record high next year, the agri stood at 61,784,000 second only civilian labor force in October at nation's largest cities. took part in the modest sell-of- f. ally toculture department predicted Corporation, 265 W. 1st N. to the record high of 62,367,000 Despite all of the favorable $ day. corporate news, such as good reported in August. The department said farming dividends and higher earning Unemployment in September RUKEYSER SAYS: was reported at 2,341,000, or 401,-0New York Industrial reports, in vestorsi elected to hold expenses probably will top the to the sidelines pending the out10:30. .74 at off higher than the October 1048 or five of Averages by previous high come figure. The number of October Bid Asked Fearsof ofnext Tuesday's election. 10 per cent. It was said the infurthe economic conunemployed was lower than at ' .09 .... .07', $ Bristol Silver TOTAL crease will result from higher KSSt trols also depressed trading sentiany time since November, 1948, .18 16 BETWEEN J60,000,000,0o. ment considerably. Cardiff when 1,831,000 were out of work. prices of tools and equipment and A AND $65,000,000,000 .04 .03 Vi "The 61,764,000 employed figure , Bolstered by News Central Std. farmers efforts to produce larger A few individual stock were for October was an increase of 1.40 130 Con. Chief ' 'session selective harvests. for ask to By Stanley Rnkeyser Merryle dinary bolstered by individual news The 330,000 above September. .30 controls and selective rationing-- i Clayton Silver . . .28 "Despite the increased costs," items. Northwest Airlines turned number of employed in October. INS Economic Commentator . .32 Columbus Rexall . .28 the report said, "farm operators active and higher in the second 1949, was 59.001,000. A wide spread cynicism pre.23 hour of dealings, following the Combined Metals . .22 Incidentally, the congress. In are likely to have a favorable to the Tru effect vails the that Labor Force Smaller its wisdom, rejected the Truman price-co- st .09 i announcement of good earnings. .08 .. Crescent 1951." in ratio Eagle man administration will be tough "fair - deal" for prescription .03 i Borg Warner spurted sharply on East Standard .. .03 The department previously Although the October figure of er in issuing economic controls "planned" prosperity. a good dividend. 11 ,12 East Utah employed was lower than the and restraints after next Tues bill and the whole forecast a 15 per cent increase in The MILITARY S Chrysler, which declared a Spence .10 .06 .. Eureka Bullion peak record in August and the to regimentation failed net farm income next year. It $5 I.UION P,U5,L,IT $42 IIUI0N $2 I.LU0N approach Vi dividend of $2 a share arid at the .07 07 ,Tl.UI0N election. Eureka Lilly was day's of number unemployed same time reported excellent of congressional approval. .05 said gross farm income probably Great Western .. .03 smaller, the census bureau pointAnalytical and objective ob nine month earnings was a weak The methods which the "fair will set Vi .10 09 Horn Silver a new record. ed out that a large number of servers will watch the behavior of dealers" said were needed to in its group. The stock slipspot 01 .02 exIndian Queen UNCLE SAM'S BUDGET TAKES SHAPE-Governt- nent persons had left the available the executive branch closely to achieve good times were ruthped more than a point n invest.04 04 Leonora 1952 fiscal are for the the federal 'i (ends year perts drafting budget labor force. ors displayed disappointment over rejected by a coalition conJune 30, 1952). The Newchart above shows estimated breakdown, Madison Mines .. .09 VVi .10ij Those who left employment determine whether such cynicism lessly the amount of the dividend. Some discreultimate which in gress, .05 03 Hill Miller of the budget which is expected to total $60 to $65 billion. If such Wall Street quarters looked for consisted of students returning was warranted. tion lay with the southern Demo- .O6V4 .07 .. Dev. Mt. States is the case, John Q. Taxpayer must be hit much harder .to avoid a to schools and seasonal summer more. Other automotive equities Fundamentally, apart f r o m crats and Republicans. .03 .. New Vi, .034 Majestic deficit. Should Congress approve the mammoth budget next Janworkers. steadied. vote-- c a t c h i n g Yet. in spite of this major turn considerations, 1.22 Vi 1.25 New Park Such persons are not consider- there is no legitimate reason for down of the Truman economic uary, it would be the biggest tab the American taxpayers ever Elsewhere, steel storks were 27 .32 North Lilly were asked to pick up in "peacetime." active and mostly ed unemployed. after Novem- philosophy by the congress, busi.023 moderately .02Vi .. greater stringency North Standard lower losses with WASHINGTON, Nov. 4 (U.R) Contrary to the seasonal trend ber 7. For thanks to General ness and employment continued anging to .44 .43 . . Park City Cons. around a point. of employment in agriculture, the Douglas MacArthur and the forces on a high plateau. 12 Average wholesale prices pushed .13 Cons Prince Railroads were mixed with number of agricultural workers under his direction, the Korean higher during the week ended 1.85 Rico Argentine ... 1.70 small fractional changes predomiin October rose by 680.000 toi incident is rapidly being drawn to Now, with a congressional elec- Tuesday, with many commodities Vi .05 .05 Coalition Roystort issues dipped 8,491,000 persons from 7,811,000 a close. Thus it would be bizzarre tion pending next Tuesday, the reaching a new postwar high. 4.00. nating. Liquor Silver King Coal. 3.50 small amounts. This compared to initiate' the war controls after Truman "fair dealers" have been The bureau of labor statistics in September. .14 .15 Tintic Lead Utilities moved with a narraw with 7,710,000 in October last effective peace has been restored, bidding for public support of the reported yesterday that its whole .82 Tintic Standard . . .79 re169.4 are cent at range. claim that sale index stood while being squeamish per about specious they year. SALES A total of 8233 service and All fuse trouble calls were Commonwealth Lead, 1000 at 5Vi. At the same time, industrial using them while tough and bitter sponsible for prevailing "good of the 1926 average, about three- NOT SO BLIND ; one times." of cent was tenths answered without charge. Mr. Calder East Standard, 5000 at 3. made on. fell calls in was "trouble" October per by by higher fighting employment on LYNN, Mass. (U.R) Art lovers 11.8 were a made is cent indeed and That than and Provo week another of the to In from 53.273.000 of ago municipal matter the it per aid, charges major 142,000 persons employes Grand Deposit, 4000 at 3. timing, 50 asoil paintings by is on the it based same and over last water the week the calls admiring and In heater electric should in be wiggle, overlooked not 53.415.000 year. range only Leonora, 2000 at 4. that September. department during Richard Packer of Marblehead at October 1949 industrial employ Bernard M. Baruch, sage Demo- sumption that the public memory Prices of all commodities except first nine months of 1950, accord- when new elements had to be Little May, 5500 at 3. an exhibit here, learned that he food and farm products registered ing to J. Hamilton Calder, chair- installed. crat and counsellor of presidents, is indeed short. ment was 51,290,000. 2000 at 84. had been rejected in the draft for de- Magnolia Lead, the said new Of board. Calder Chairman man the records. utilities of be postwar scale controls full 2000 city that 6Vi. at Mt. States urged Dev., color blindness. No Explanation this number 1794 were for new partment maintains 24 hour serv- New Majestic. 3000 at 3V4. initiated months ago. connects, 2056 for disconnects, ice which residents may avail New Park, 700 at $1.25. In The census bureau had no ex $5 and the balance in the "trouble" themselves of when needed. In Park City Cons., 500 at 43; 1000 In connection with the many planation for the drop in non shifts of position of the Truman addition to daytime crews, a at 44. category. last month, but administration, no 868 to All which but related agricultural jobs has night man is on duty at the utili- - Plumbic, 500 at 18. wiggle svlch it reflected to presumably were the: ties office to offer emergency Rico Argentine, 500 at $1.70. made street lights tJeenmore dramatic than the one normal factors as model changes relating to economic controls. homes and businesses of Provo service if needed. Silver Shield, 119,000 at 2Vi. in automobile plants or produc citizens, Chairman Calder said, had the SALT LAKE CITY, Nov. 4 (U.R) the Silver Standard, 1000 at Although president Fixit' Shop from labor tion halts resulting a large number of them without Tintic Lead, 500 at 14. discretionary rights for many DENVER of Kennecott Twelve directors An executive of disputes. weeks to impose wage and price Copper Corp. on Nov. 12 will be- the world's largest men's cloth- charge to the resident and a The department's "fhcit" shop, Union Chief, 14,000 at 2. Secretary of Commerce Charles controls while the Korean war gin a three-da- y many more with only a ma- a small appliance repair service, Western Alloys, 4000 at 3. visit to the Utah ing and manufacturing firm pre- Rreat cost and no labor charge. is still going strong and seems to terials Sawyer said the October reduc- was on, he has been reluctant to division, in here announced officials dicted this Denver week that of a "welcome a certain for fill need Calls tion in unemployment type do so. Instead his economic adthe retail price of men's woolen Trouble Trouble work which private electricians Markets At A Glance as It is, is rapidly ruling out the visers, including Leon H. Keyser- - Saturday. calls during the will the be next suits Increase will about $5 party Heading period included 318 for and electrical to shops of the city ling. chairman of the president s Charles R. Cox. who first visited spring. 429 for trouble do not seem Stocks, lower in quiet tracing. home want, Mr. Calder fuse Of council economic advisers, Utah he last He is Wilfred P. Cohen, execu developing trouble, Commercial Building shortly after was started durBonds, service The said. irregular. outside the house. MONEY have stressed voluntary adjust iwas namedMay, Dresident. Included tive of Joseph H. Cohen & Sons 1720 in connection with electric ing the war when it was imposCurb stocks, irregular. and have ments, Shows Increase; purported will be Anton Gray, Kennecott of New York. Now on a survey ranges, six ' Midwest stocks, irregular. relating to refriger- sible to get work of this type snr nK away irom ponce state Vice president and geologist; and TO FINANCE Cotton futures, higher. trip visiting clothing store exec- ators, 231 to water heaters, 257 done because of a shortage of Home Building Drops of Iron also the regimentation. utives in the large cities of the from house wiring trouble, 868 on electricians, and was continued Quebec. president in Grains corn, Wheat, Chicago: Yet, by way of contrast, in No and Titanium A. S. Che middle and far west, Mr. Cohen 554 after the war when the demand rye, oats and soybean futures, irvember 1947, when we were not rouny, .assistant Corp.: WASHINGTON. Nov. 4 0J.R) YOUR HOME to the president, said that a further price increase street lights and regular. kept up. sumat The bureau of labor statistics in war, President Truman and R. C. Sullivan, corporation of about the same amount is in Washington said industrial and moned the congress into extraor-- l secretary. Be Modern In Good sight for the fall of 1951. commercial buildings increased The party will make an exin stores today are "Prices last month . . ; but private home! worth of construction was com tensive tour of the Utah copper probably lower than they will be Accessgble Location So did high pleted last month. This was a division mine at Bingham, the for many seasons," Mr. C6hen building-- ' dropped. way conrstruction. drop of about four per cent from Arthur and Magna mills and the declared. F.H.A. OR The bureau says $2,700,000,000 September s record level new copper refinery at Garfield. Reasons Given CHICAGO, Nov. 4 (U.R) Grain The is he reason, explained, Plan Conventional were futures . mostly firm Satur .,, ' 1 I that production costs have been of corn the with exception day, spiraling since June. He listed which failed to show the strength the following factors in his displayed in Friday's session. 4 TO 5 analysis: The holding attitude on the 1. The steady advance in price part of the producers continued of piece goods and every other to stimulate support in the soy item that enters into the produc, bean market. tion of men's clothing, and a cut An initial show of easiness, in in the available wool supply. fluenced in part by an early de 2. The wage cline fn vegetable oil markets was increase just granted the Amalerased in soybeans with quickly gamated Clothing Workers of the market expanded. Prices America. , w tended to settle back when buy 7 f V Cohen's firm, to assure an interest tapered off. ing ample supply of men's clothing Hi n ...., "' nil.., i w to stores vwmfmfmKmitfm' throughout the country, i'" FROM ALL OVER is selling on the basis of "con BATON ROUGE, La. (U.R) trolled distribution," he said. Louisiana State university's class'"T "Under this plan retailers will rooms have a greater foreign repreceive a fair quota of merchanresentation than sessions of the dise and early buyers will not be U. N. The registrar reported that in a position to use up all the 62 nations were represented In firm's cloth and productive fathe student body. cilities, thus keeping other retailers from obtaining the mer chandise," Mr. Cohen said. Record Farm Costs Seen Salt Lake Stock Exchange J 00 Some Observers Anticipate New Controls After Election ' -- ..... Eg ' FO "WXti? Wholesale Prices On Some Items Hit Postwar High Utility Answers 8233 Service, Trouble Calls In 9 Months Twelve Kennecott Directors Coming To Visit Utah Increase Price of Men's Suits Predicted 1. nine-mon- th Grain Futures Mostly Firm ' . llNtli rri p tei-cent-an-h- "i tui i i. i .wuf n " A Trading Strong On Salt Lake K u-- n3 , o; slips! enabling pewHrymeni SPEEDY and farmers of both Utah arid Southern Idaho to tako full advantage of the profit potential by helping to reduce costs and providing premium payments for products plus patronage payments. Q LESS - $r- W Uwfc tmm CO-O- 278 WEST CENTER -, Sm Umkm 717-- W Provo Established 1919 laundry glectricaJ'ij A EASY - AUTOMATIC No wonder Mrs. E. Lewis Allen, 870 East 7th North, . says she "wouldn't trade" her all Electric laundry-room- Fast washdays . . . every day a perfect drying and ironing that's easy as eating dinner. At low post, too . ... thanks to Provo Power's economical electric power fates. day . . . No more aching back and- blistered hands on wash day with electric servants to help you. Get yours tomorrow at your dealer's. - Hear MGM Theater, 8:30 Tonight P MUtea . MONEY PROVO PH. IS AND FARMIKS MATTRESS Overman Mattress Co. SALT LAKE CITY. Nov. 4 (U.R) Trading continued strong Friday in the Salt Lake Stock Ex change when 94,448 shares, including 14,427 on the curb, changed hands. Five issues rose, five declined and nine were steady. Little May, trading 22,500 shares up Vi cent to 3. was the most active stock. -- i 5 BETTER FOR pre-lnduct- ion Stock Exchange OSTRICH TALE Big Jim, one of two ostriches brought from St. Augustine, Fla., to Rockingham Park. Salem. N.H., for a series of races, got only the feel of the harness. The whole thing had to be called off when Big Jim suddenly died, supposedly of homesickness. Ralph Voss is the trainer. Betty Herman is in the driver's seat. Their handlers claim ostriches can outrun arty horse, that they are by far the fastest of all creatures in the animal kingdom. Green CAUGHT IN THE DRAFT William D. Maloney, Jr., ize hat for old his father's Army garrison N. Y., inspect! Island, after receiving notice of his draft classification from the local draft party but board. Bill okayed his parents' offer of a embarrassed the until active for about duty reporting he was leery draft board got around to admitting its mistake. 3, of 23 PtOVO CITY DIMITMIMTO P UTILITIIS X KOVO |