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Show ' SUNDAY,- - 'MARCH 25.' 195t Provo. Utah County, UUh tfl'T Pricfes vs. r. A Rails Lead Decline on Stock Mart SUKDAY HERALD Wages: The Race Goes on Full Speed Ahead COST OF LIVING ltl I ten K I IS ' rs. 1 s&, IPrices 7 Hi n n : -- l " ifl' i;iorrn,n,'?i;?o ' By ROBERT E. LEE IRI NEW, YOftK, March 24 (U.R) cracked to more than a IUJ point on the stock exchange today in moderately active dealings,: . All departments joined in the decline with railroad stocks hit the hardest. 'They .had losses ranging to more than 2 points. .There was nothing in the news to account for today s selling movements However, G, e neral MacArthur's bid to settle the Ko rein war' created; a considerable amount ; of Uncertainty in Wall . - I "'-!- ..'' I7. 1 II IS Ji Ji itjtJI I I II ful M Ji I , United Press Staff Correspondent WASHINGTON. March 24 A new record high in .the cost ofi". living threatened the government . wltn sf bigger wage neadache to day. The bureau of labor statistics reported that its. revised cost of to 183.8 perliving. index jumped cent above the 1935-3- 9 average on Fcb 15. This was a cent increase in onet month, and eight per cent higher than (U.- IITS : Retail Merchants Have street. ho 1.3-pe- r n pre-Korea- mmops rts ' levels'.; Tied To Index - J The government ' immediate! confronted with an automatic six- - n' cent hourjy; wage boost- foe I, uw.vuui non - operating rauroaa workers whose'pay is tied to the cost of living index. The increase' exceeds the .10 per cent wage ceiling formula; Qply about 2Vi cents of the in crease is allowable under ,.the formula. The balance tops the ceilings, and Economic Stabilizer Eric A; Johnston already has Retail clothing and jborne. i Mr. Draper declared that con K j Dealings Restricted in the; Ffovo sumer and merchant alike, must merchants nishings iCSrrfl Today's retreat in prices "was area were reminded today that cooperate are to have a' I Expressed wl I Dollars I I orderly and. dealings were more I must file price charts with stable. economy, and still continue they ' 1 ITW less restrictedbecause of yes the off ice of price stabilization in. all-o$35 .XXXJX 11939 Dollars I mobilization." terday's holiday. Many investors Salt Lake City on or before April Unless covered by specific regu. elected to take a long week-en- d lations that hav been issued,, such 30, 1951.. because of today's abbreviated rt as No. 7 covering a particular inThe reminder, came from .' M. Utah district OPS dustry or commodity, Mr. Draper trading session. Even the large number of earn jriirector, Draper, in a special interview said, business must; hew the ceiling price line until, otherwise ihgs reports being released at this With the Provo Herald. time failed to bolster the marked Mr. Draper said he was issuing ordered to do so by OPS.t banned a similar raise for the ! Good" results were reported by the reminder because the date for CIO Packinghouse Workers. of Chairman George E. Letghty Crane company. Corning Glass filing price charts under OPS 1939 '40 '41 '42 43 '44 45 '46 '47 '48 '47 '50 51 and Corn Products. the railway; labor executives- - asRegulation "7" had . been ad The average weekly earnings of production workers turned down 1n March 29 to 30. the vanced lower rails (from sociation, said he was confident, sharply April slightly In January; to a tentative figure of $62.97 after having that the entire raise will be ap croup. Santa Fe was a weak spot. is reached $64.15 at year end. This may be compared with a 1939 One Filed 3 points lower The Only stock He noted the army, which r proved. opened same the of dollars' in buying average of $23.86; but expressed at 158; is running the railroads, officially 'Until today, only one retail power jit those in 1939. today's average factory workman would be has approved the escalator clause Elsewhere, oil stocks which had a are Indications filed the over week. had that merchant a, wage $35.00 , making slightly been moving up considerably re apparel in the wage contract. V figure will rise' Somewhat, based on recent ''thaws" in the wage cently jalso met some selling. De price chart with the OPS in rehe ' ; said, "and we want ... freeze order. . Than clines ranged to more than a point Utah, Expected Higher tail clothing, shoes, furniture, and IGNACIO. Colo. March 24 KX.) in this section. L.' W. Horning, vice "president . floor coverings dealers, to . be The Ute Indians of Steels Move Lower Markets- - At A Glance iof the situation." Cold., today had a lease Ignacio, of the New York Central Rail- -, fully appraised signed Steels moved losses but lower, .''''. The OPS director also pointed by the Stanolind Oil company road and, member of the carriers " in this group were generally in out J Lake By UNITED PRESS that effective Jan. 26,51951 calling for the highest paypients negotiating committee, said the fractional zbrve. Automotives Stocks lqwer in moderate trad the and services" were! frozen ever recorded in the history '.of increase was "higher than he ex eased. (Video stocks declined only "prices ' at . the inghighest pected," byt added that "of coTrse peak reached bet- the San Juan Basin oi fields, small, fractions. , ween-Dee. 1951 and Jan. 25, 19, ie Bonds irregularly lower. For use of 3020 acres of land on he will have to- honor the con Jusb before the close, activity 1951. ; . "Apparently not all mer- the Ute's.' agency near here., the tract." Curb stocks irrcgulafly lower. picked! up somewhat - with the : of Mr. are one of aware chants Johnson s However, a Closing: . quotations from rthis," firm stocks' Midwest its lease at of low with Signed market irregularly finishing some out i the full and out, 'Indians that . Ken-Lthe lower. Draper o for. pointed the pointed, calling day. paymentLS the direct wire of nt boost could not be ex may;be jn violation of OPS rules Of $267,662 Cotton futures irregular..'. Donestic corporate bondsoday v Corporation 265 W. 1st N. Grains in 'Chicago: wheat, corn,. idled as' pected to be approved because of irregular Ixight ...now." Tracts Three the previous cases. If the .wage led lower. liens the futures V.; Raijrpad irye, oats and soybeans ly ; ' " rent June until board eventually is controls federal bonds dollar decline: . Foreign' irregular. Included in the lease were stabilization Ttcould approve the in- it showed Industrial 30. restored,, New York Industrial Averages three tracts Of land; two. Owned trease, Johnston still is trying to ,bonds?were quiet and moderately The measure will keep rent solely Park City' Cons. 1200 at .78. Off 2.38 at close. tribe here, and by the-Ut- e : xnonths for :. : another three lower.-.labor back on the board., ceilings ";. Bid Asked Pioche Bristol, 1000 at .054. Other owned by eight Indians' getThe non-ops the some on units. are the oruy, rental 2,750,000 500 at Rico : .10 Bristol Silver Argentine, M09'2 $ i. individually. not areas It TRUM-affects of EMERGENCY have the - 2,700,000 which SIGNS .07 at 5000 at major ;1 segment 1,500 .29 'a; Cardiff ?. . .j, . . . .26 Elbert J. Floyd,, superintendent workers . covered by escalator ' took themselves decontrolled, EXTENSION but CONTROL RENT; .0734. .05 .04 Central Std. J. WASHINGTON, March 24 (U.P.) no affirmative action to; extend of the Ute consolidated" agency. clauses .who are scheduled' to re- - , 1.50 : Silver' King, West, lO'O at .56. Chief Con. . . . . . 1.45 said in addition the company ceive an April 1 wage adjustment President "Truman signed1 Friday controls beyond the March 31 ex would Tintic Lead. 1000 at .15. .48 .45 Clayton Silver. pay a yearly rental of $1.25 index.' emergency legislation extending tension date of the rent law, Union Chief, 5000 at .03'i. .31 Columbus Rexall. . .26 acre to the Indians and a 12.5 under the, February per .25 'i Combined Metals per rent royalty on all gas and .11 Crescent Eagle .. .09 ;U oil found beneath the acres. 02 '2, .02 East Standard East Utah . .22, $215 Per Acre f'.19it 07 Eureka Bullion .. .OS'z , Stanolind agreed to pay $215.25 . . , .10 .08 Eureka Lilly averA" acre; the record new filtering system. LEH1 per .05 .06' 2 high Great Western . 12 4 age per acre for the tract held has been installed at Saratoga .13 Horn Silver. . .y.;. r705 resort whiqb will provide a com- Indian Queen i.'. .. Ol has beerf filled with garbage by the eight Indians totalling 'nis' Provo's waste removal system .while offering citizens as low age ne owners i. acres.; include Leonora !.. .:'.'. L... .04 ' 4 ldna is covered over; and and waste,, plete change of water for the in- give Madison Mines . . .181 2 .20 linen t t r .. :ii Pkfir.a' TTo KnrH chairman ready for grassseedlng. Over the G: Hood', Graves Gunn, Frank side swimmihg pool every four .kni.irMAj Miller Hill ...... .03' i - man. is planned to reclaim this James, Cassimero Baker J Edith hours and for th outside pool ritv utilities board. attributed :the success irt 1950 years itarea Mt.v St. Dev.. .j; . . . .07 4 08 in this manner, with Bunch, James F. Bird and. Flora every six .. hours, according to entire two lo said Saturday in an annual reportfFom the profit standpoint S. Howe, all of the agency but Frank Eastman, manager. New Majestic ;. . .': .O634 eventual the plan of creating business " 1. in An increase svstem. on the jfactors: ! ' 2.50 The new. system is one of the Nw Park '. ;'.. . . . 2 45 area acting for independently. the city, including sport rates, ' long, 1. a pickup re ink It went from .44 i North Lilly . . .. .43 ' second tract of Boo acres best in the a baseball park. At the ihe state', and has been as perhaps low. board tqo " rn 1949 (losijng $1025 toarded by.the .79 Park City Cons. . : ,77 dump-sit- e brought an average of $50.10 per installed in cooperation, with the same has a the time, city z. w ana increasea cn.vic.ty 1 8 i one that paid its own way in 1950 PrinVe Cons. j. . . .17"'. le acre for a total of $49,096, and state department of health. In the' which has proved far eration and, "management. Argyle than-th- e the of 1355 acres also tract third on 210 and made a small profit of $853. Evans old One RicjoArgentine . 2;00 past the water Was changed only is' superintendent ' of the th foothills. 2. The method of disposal .by .08 went at an average of $50.10. . once a week in both pools. , Roysion Coalition .07 '.2 Silver King Goal .4.00 500 covering j ith soilsat the .dump- -' department. site south arid cast of the. golf .16 .15 .' Tintic , Lead .1. . Moved Dump Tintic Standard . '1.572 1.60 course proved, feasible, .'ana' the OAL PIMSfVX J a of 'is assured satisfactory The system moved its dump city SALES FOR DAY waste to and from the objectionable,dispose of its place far an estimated 20 Clayton Silver 1000 at .45. location on the mountains garbage ' Combined Metals 1500 at 26Mr. Calder said. t east of years. Provo to the present site 500 at 26. , a "year ago, and .the more tthan No Aim Profit Grown Point. 2000 at 05. new location and method of covi i East Standard' 5000 at .024k 2000 I. .''':-'-- ' at .02 3 4. waste removal department. whichlProved 'feasible, Mr,' Calder said. Eureka tiilly, 500 at .08 ' 4, i .The' ritv litili-lTboard, is now satisfied, he a'dmiiiite'rd Horn .Silver. 1000 at .13. hiiarH ar a Dip rtfr t rir stated; that its orieinal plan of tip KentuckyrUtah, 3500 at .12't. nower svs'tem. fod thP nrnhlpm ;f illingi in and eventually reclaim Mammoth. 100 at 27. ', of but of the red. It is not '"K the marshlands of the present New Majestic.- 20OO at .07. ? thegetting 's noi oniy possioie dui aim of the departrneh toiauniPS" New Park, 100 at 2.50. desirable a Calder mke profit; jhighry, large Mj. North Lily. 200 at .43. said, but to be. Already, he said a small acre- Oil Securities. 500' at .22 - nwe - I Xs CONSUMERS' ff PRICE INDEX ut , 1. 1935-391- 1 00 ; Del-be- : , 1 , .... s 1939 '40 '41 '42 '43 '44 '45 '46 '47 4S ; '49 '50 '51 Tht cost of living, m measured by the Bureau of Labor Statistics' Consumer Price Index, continues to rise to new record highs each, month. Government price controllers are hopeful that the figure announced tentatively as 181.5 on Jan. 15 may soon! reach a "plateau." The hope U based in Dart on the decline of wholesale bellwether 4n laU February fori the first prieee a ' tiiiM in more than four months. -- : . t: 1 ch - hs hs Principal prehensive wholesale price index was 183.6 per cent The bureau said the principal for. February increase was in farm product of the 1926 average a 1.9 per of one per: tent jump "over the; index for the which rose previous month.. It was 16.7 per cnt above the prerKorea; level. , six-tent- hs - Custom Smelters jiarch 24 !. . ' All Groups -: ' ' . U I? - - $ -- - . , fa' ri-- VKdr'" itmwa 2 iab?v?.index was a , Lead: Common New York 17 fe"eSt. Louis 16.80; foreign, gulf porti ' i; 20 50 It Zinc: Prime westerniNew York 1S.22; East St. touisr 17.50; for4 eign.gul ports nominal; Quicksilver, (dollars per - , V - Pe-Kor- ipe-c- mt .level' This dropover ea 216-2.2- 0, s.) jjPer cent. , tlas; SEVEN : 1 10-ye- " ar . six-ce- prices-drifte- . d ; ' - . some-firmnes- 2.05.'-Royst- on, . : : - . . . 1 Proyo Waste Removal System Out of the Red; Method of Covering Garbage Proves Feasible j . Saratoga Installs - Filtering System . . ' 1 . - . ion -- . r . . -- lesaob-lectionab- , . C CM. - rat-infest- ed f f5' which ?tood at 2265 . ..r ' Large lots MORE KILLED; BY d o a r 3J h rj K B A.L A H A P REBELS Tungsten, powdereji. mihimum per pound 98.8 per cent i e 4.15. Domestic, MANILA. P, I.. March 2 ftJ R) tung sten ore "per short ton; unit nomi Seven persons were killed in' a raid by 150 Communist-l-leHuk rial Manganese metal. M96 per cent balahap rebels on the village of Candaba in Pampanga province bulk carload) 32.- Tin. rrade A brands Netv Yorkllast night, the defense depart ' - '.' j 12A. 4 ment announced, today.4 76-lb- . Afi-tiin- The monthly index showed, in Following ae today's, custom creases foS. all group's.- the bureau '.' smelters prices for- delivered ;sajd.:'The greatest increases were vmcuis icenis per puuiiu, - units irl. farm products 4.3 per eent otherwise designated)'; foods 3 per 'teot. t : delivered.jandThe bureau estunated 4; Copper: Electrolytic; the retail New . . vallv4U- expori. ,. fnr. Faw .9R irjv A"' & York 24,: lake,-;- deliver en ocr ct vac i ar NEW-YOR- '. -- ; . : - . per-cen- six-tent- , ' : - hs i " Stock Salt :, '!- - I j 1. 1 : x : WASHINGTON. March 24 UP) cent to a new record high of 204..6! per cent of the 1926 average. 'Averageall-ti-wholesale prices reached a new peak with. a three-:- .; Livestock' and meatus mean-- J - tenths of one perxent.rrse.nvtne Whiye. jumped 1.7 per1, cent and of one percent, respec week ended March 20,;,the bureau of labor statistics reported today. tively.- ' y H Th- - increase sent the "The dairy index of spot market' index to 18&9' prices, however, "declined slieht- f the 1926 average. The previous iy?.over the week, the bureau re nt gh was durtng tne weeK. pt ported. Major decreases were 6. when , the;; index was! ported, for shellac,' 5.3, per, cent: " ' 183.5. y hides, 3.9- per cent: corn, 2 per The latest rise put: the . index cent: and sugar, 1.7 per cent, at 2.2 per cent above ,ethe week The bureau said these decreases price m0re than offset price hikes lor of Jan. 23, just beforT-thfreeze. The index was 17.2. per rubber, 5.9 per cent: lard, 1.1 per cent above the: period just' befort cent:, coffee; of one the Korean war and 20.7 per tenlj per cent and barley, three-tentover a year ago. of one per cent; The, bureau reported the com Increase , : . Rise m Wholesale Prices A ll i 2 u me Vurries to nign six-tent- -- - : i- -1 . Indians Get rv '.' r rice Dig For Oil Lands , cost-of-liv- ing - - 1 high-grad- 7 - . ' . he . WHY NOT ( self-sustain- - ing 1 ' ' . ' PAY BY CHECK? i '! :' ; There really isn't any reason why eyery one shouldn't have a farmers ktf Merchants Bank Checking Account! YOU CAN'T AFFORD TO MISS : '"i " !'. 4 X : For a small service charge, you are saved' the risk of keeping money in the house. t and the trouble and expense aKpaying bills with. cash., v.; 6 INCH RECTANGULAR 4.95 on this the table CCPARE withpicture that of any other wet! Clear, sharp That's the; kind of value it i.aire G-- cloae-upa- -- r life-siz- e. fVa ) ii iL-DUCKEinr- .1 ' for LIVING x ; .1 with j. .ELECTRICALLY. awr lowost, dependable -V ' v j' she received her electric -- ': '. ; 1 4 " so much CITY DEHAKTMCNT II I I J J Ill '111 - . . . . BS SB I I , for so little. - See ytfur dealer tomorrow. 3RD SOUTH AND UNIVERSITY AVE. t - Ill ill ! PHONE 3900 . i ' electric servants. Start living better SALES & SERVICE MOVO ".1 ii i Don'tJje. without this service that offers PROVO CORNER ' I Here's alaejy who threw owny her clothes line the day clothes dryer. With her new electric servant on the job she saves nearly thre hours work on wash day. She's another smart housewife who's found more limo Week Hnd-rubbe- time for ' Down Payment ia nki anun) . t 'T - every txm. genuine ma hog-- Vmiudh ftd& ittmiiattan d p ' any veneered cabinet See Model 16T5 r. smmm wtwnan rmr fo big,' picture, a 1 va nii4iir sy"- - .(arum Ak M ore TUBE: h ' '' . wmmrnm cuim-m-w r ' :." Your cancelled checks serve as receipts .'it. and you have an accurate record of income and outgo. Your Checking Account also helps you to build up Valuable bank credit. in or VTIilMlS Hear the Magic Theater Tonigjit KOYO 8;30 :J UTAH - K mm " |