| Show I 1 i ' I I 13 ? 3fc ' Business- News Page - - THE SALT HAKE TRIBUNE Friday Ncmmber 8 1948 1 Stock IMart in N Y Rebounds Idaho Dairies 1“ Cite Butter As Buying Orders Pour In UP—The good part of the day Blocks of NEW YORK Nov or more shares frequently Cheese Total stock market snapped out of of with hands 1 ! : INTEBSfOfJNYAIN TRADE REPORTS' MINES MARKETS f 4 -- 1000 gains changed A small handful of s stocks fractions to more than 2 points Thursday managed to wipe out Wednesday's Demand was fast and heavy a losses but generally the market had quite a way to get back to the election even level of MonMARKETS IN BRIEF break was day The severest in two years the Associated press by Severest Break NEWlYORK: — Stocks Higher prices rally In late trading Thursday a few after election selling issues principally in the steel Bondsi — Higher rails lead up- group ran into trouble U S Steel turn for instance gained nearly a CHICAGO: point at one time and stayed! in Wheat — Firm large short- plus territory up to the last few' lower minutes The stock closed in distant months covering Corn--Fir- m at 79 with wheat y Turnover amounted to 1530006 followed other I less than half of Wednesshares grains — Unevenly 25c to $1 day’s 3230000 shares but still a Hogs j lower fop $2425 hefty piece of business Wall Street’s melancholy mood Cattle-Ste- ady to strong top seemed to have worn off consider$4075- - j able The news of the Democratic sweep was a shock to the financial community Many brokers consider Wednesday’s market oversold however and called the turn on r i Thursday’s rally Establish New Highs NORTH SALT LAKE Nov 4 ) — Cattle— Receipts'' 1115 includnew highs for the year Several 208 for market 873 34 ing through and direct market on fat cattle steady with were established' including Hudfeeder cattle dull with very little activity son Bay mining at 50 Sears Roegood steers quoted $24 50® 26 00 medium $18 50 22 OO common $46 00 buck at 43 4 and Admiral Corp 18 50 good grass heifers $23 00 medium trifle at $19 00 2L00 'common $15 00 18 00 at 19 Sears dropped good cows brought $18 50 with young the close OO heiferish kind up to $20 medium $16 50 Others ahead included Bethle1750 cutter to common $140015 00 canners $12 00 1300 good beef bulls hem Steel at 36 General Moto 00 00 medium bulls $20 $22 quoted up 58 Firestone Chrysler good to choice veal $24 00 26 00 choice tors 63 46 light veal up to $2700 and above meMontgomery Ward 57 dium $21 00 23 00 good feeder steers tire Oliver Corp brought $2500 good stock calves $24 00 Allied Stores 32 26 OO 31 16 Distillers Atlas Corp — 211 Hogs Receipts 1500 Including for market and 1289 through market 75c Powder 60 (up 4) S H Kress lower: 180 to 240 pound butchers $24 25 55 Flintkote 32 Standard Oil 2475 1240 to 260 pounds $23 25 of California 67 Pacific lighting 23 75 260 to 280 pounds $22 25 22 75 280 to 300 pounds $21 25 2175 52 American Telephone 152 300 to 330 pounds $20 25 2075 330 to 360 pounds $192519 75 good to Commonwealth and Southern 3 sows $23 00 23 50 choice 56 Westinghouse 300 to 400 pounds $2100 22 50 400 Phelps Dodge Dow Chemical 49 to 500 pounds $2000 2050 sows over Electric 26 00 500 pounds $18 Santa Fe 1440 including 179 Philip Morris 36 Sheep — Receipts 110 Union Pacific 90 Continenfor market and 1261 through prices steady few small lots good to choice tal Oil 60 Standard Oil (N J) dnve-ilambs brought $22 00 22 50 and Airlines 15 with strictly choice bringing $23 00 com- 78Eastern mon post-electi- Economic Grounds Suggested For Russian Discussions - j r i By THE SHIFT BOSS j on encounters thought provoking discussions of economics private ownership and free enterprice ‘ In his '"Private Ownership in Corporations"! in the current issue of "America William E McDonough S-- jj first differentiates between the personal responsibility ©f early day ownership and today’s impersonal corporate structure in which ownership is represented by " "management Arriving at discussions of private enterprise with respect to ©ur relations this author says: Take Proper Angle t f "If we are 'to meet' Russia on economic grounds the Issue should be between the private ownership of productive goods sad state ownership- not merely between present-da- y capitalism and communism Capitalism is one sort ©f private ownership and we are now employing one form of capitalism We had one totm in 1948 we now have another and neither measures up to the ideal form of capitalism ‘ "If circumstances at some time In the future force a change from ©ur present type of capitalism or Occasionally J ! ! - If another type evolves we may see a return to a strictly private’ capitalism We may choose to reform the capitalistic system in such a way as to eliminate the philosophy of liberalism we may have capitalism in which the service motive would be given predominance over the profit motive Co-oStill Possible "Or still within the limits of America could Erivate enterprise distribution or a system of widespread cooperatives Capitalism always implies some type of private ownership but pri vate ownership does not always imply capitalism The whole propaganda effort of the Socialists and Communists at the present time is to make it perfectly logical and necessary that the very institution of private property shall fall when and if capitalism falls This Is not the case although too many writers and speakers in an earnest attempt to defend what they consider the sole ‘American way of life seem to accept this false position "The Communists aren't confused they know exactly what they want Do we know what we want? Do we know what we ps i have?" NEW YORK STOCK MARKET ! Sales in lOO High How CIom I slump on post-electi- k Oats-4-Stead- LIVESTOCK MAiRKETS (Utah-USDA- light-weig- DOW-JONE- Chg on AVERAGES S ht Furnished by J A Hogle a Co members Hew York stock exchange t Low Close High Change n Industrials 185 79 182 91 184 54 up 208 1 5975 Ralls 58 83 5930 Up 78 andi medium $18 00 20 00 good 34 39 34 60 up 32 65 stocks T 6877 6773 6828 up 78 and choice slaughter ewes $750 9 00 Bonds 9814 up 07 medium $6 00 750: carload lota lambs Commodities 144 82 up 145 quoted considerably higher — Hogi OGDEN Nov 4 Salable 60 total 1040 opened mostly on butchers choice 75c lower aid good 180-24- 0 lbs $24 50 25 00 240-26lbs 260-28- 0 lbe 2450 $24 00 280-30$2350 0 lbs 24 00 00 23 50 300-33- 0 $23 lbs I $22 50 23 00 bulk good and choice sows $20 50 2250 choice light ug to $2300 weights C&ttlfr— Salable 250 total 840 nomfew common to medium inally steady slaughter (heifers $1600 19 00 medium to good greasers quoted $2000 2350 medium cows $1500 1750 cutter to non I $12 50 14 50 late Wednes-- 1 dose steady to weak odd head good rs $2450 medium $1900 2150 cows $17 50 1900 few medium to numerous lots good medium to good feeder steers common $22 00 2350 lots $16 00 20 00 and total 40 no early Sheep— sales slaughter hunba late Wednesday few head medium and good feeding lambs steady at $18 00 20 50 common light lambs down to $16 00 no slaughter lambs offered natives quoted $22 OO 2350 flat good and choice carloads with quotable j $2400 2500 freight benefits PORTLAND Ore Nov 4 (UP) — Cattle Salable 300 calves 50 market fairly eowa tive mostly steady canmer-cuttrang and 25c to 50c higher for two days w medium steers unsold beld above ‘4 00 common heifers $18 0Q2100 nner-cuttcows $1350 1600 few (AP-USD- 0 er 20 50 1 common-mediu- bulls sausage m Hoga — Salable 200 total 450 market one carload lostly steady round 10 lb weight $2625: bulk good-loic- e 190-23- 0 lb truck-in- s $26 00 other eights scarce few good around 375 lb ws 50c lower at $22 00 seder pigs quoted $26 50 2750 good-choi- good-choi- ce Sheep— Salable 200 total 600 very ttle sold early generally asking esteady r around $21 50 2200 for ooled lambs demand narrow for common-tediulight feeder grade medium-goo- d e liable around $16 00 17 00 j ewer aughter quotable $800 850 — Hog Nov 4 CHICAGO -- Salable 10000 total 15 500 alow n utchers around 75c lower sows very 25a to 50c lower early closing 50c 75c tower bulk good and choice 180 300 lb butchers $24 00 2425 with 24 25 tap paid freely but late and poplar price $2400 other weights very caree bulk good and choice sow under 00 lbs J $22 50 23 50 weight 400 ttf 50 lb "mostly $21 50 22 60 2700 Cattles— Salable 2500: total alves — Salable 500 total 700 Steers cows nd heifers uneven about steady teady to strong bulls scarce and steady to load choice a prime p $4075 for 148-l- b steers bulk good to leers $3050 3650 mediumOOto low-oo- d most short feds $26 OOW30 ood grsde heifers $27 50 32 50: sprin- 17 25: medium $22 00 23 50 LOO down: stock attle steady medium and good feeding teers and yearlings $21 50 27 00 5000 total 3500 Sheepr— Salable and ees strong to 25c lambs slaughtersevers I small lots and short decks native nd fed western slaughter lambs load choice fed westerns $25‘ 75 26 00seven deck choice northern higher: OO common to good ewes most $10OO several load w ooled year$fi unsold double wearing No 1 and lings -a 2 pelts $21 OO — KANSAS CTTY Nov'4 Cattle— fSalable: 1500: total 2200 calvee salable 500 total 700 slaughter steers fers In light supply alow abuot at yesterday’s decline eanner and common beef cows little medium and good cowe weak to bulls vealers 25c spots 50c lower and killing calves steady several loads and lots average medium to good fed steers scattered medium and $25 00 2875 $23 00 27 00 good Short fed heifers common and medium cows $175019 75: good cows upward to $21 50 bulk can-nand cutters S14 5017 00 good and choice vealers $25 00 28 00: killing calves mostly $25 00 down few choice Stockers and feeders heavieS $26 00 scarce Sn fresh unloads total 2800 fairly 2500 Salable Hoga-active uneven 25c to 75c lower mostly 50c lower than Wednesday’s average: top S24 75 to all Interests good and choice 75 180 to 300 lb mostly $24 2524sows choice 365 lb butchers $24 00 down 50 50: stags $19 $210(23 total 5500 modSheep—Salable: 5000 aalea lambs and erately active openingewes strong lo 25c steady yearlings2 fully 97 cars good and choice 96 to and higher good OO lb Colorado lambs $25 50 choice irange lambs held well above $26 2 car good and choice 91 lb fed 22 00 car good and choice ColoJings wes rado $900 —Cattle DENVER Nov 4 FslabIS 1200 total 1900- - calves salable Stocker cow and &! 200 tot 400 mostly classes fully steady and feeder slaughter com 20 50 00f? $13 common to medium Rood beld above 21 50: odd head 23 OO 15 cutters 0017 00: and cannefs down grass fat heifeto 1400 shelly! S 20 00 24 OO common to medium bulls 18 75 0 22 50 medium to good calves and odd choice $26 00 vealers 22 00 0 25 00 and feeders strong cull $1400: stocker to good $23 00 26 50 22some medium 20 00 0 common 00: held 1 higher: choice! 1172 lb fed steers tote Wednesday O gl OOO Sheep— Salable: 5000 total 13 salable run 11 car by rail most lambs Ina feeder flesh no early sales Wednesday top Slaughter lamba $25 50 Nov 4 (UP) — CatSAN FRANCISCO mostly tle— Salable - 50 amall supply cowsi trade nominally steady few canners small 12 1700 supply 50 ‘cutters and still available stocker and feeder cattle none week In calves from early 50c lower Hgs — Salable 250 0butehera lbs $26 25 good! and choice 180-24-50 or sows good! abet steady quoted $22 sales Sheep — Salable 100: no early steady to weak general trade undertone mixed of sales Wednesday included deck medum and good at $23 OO and some cull an© common iambs from $15 000 we steady 20 OD slaughter good and common and medium choice $10 00 good-choic- m good-choic- (UP-USD- un-ve- - S L STOCK MARKET Tribune Special ” (AP-U8D- 54 5a 54 54 54 XL 54 54 54 154 54 54 54 4 54 154 54 54 154 54 154 1 Mastr Mi eel on Cp Mo-Kan-- do pf Vontgra W Cp Murray Haab-Kel- r I Acme Aviatn Biacuft CashR Hairy Distill Gypem Lead PsaL Supply Hewmont NY CeeRR MYCtnsu 14 20 1554 2054 32 51 60 3254 54 204 33 54 33 3354 Elec McGraw £i McKsa a R Mld-- C Pet Hat Hat Hat Hat Hat Hat Hat Hat Hat Hat 1554 33 13 31 40 46 8 72 861 7 2854 57 1454 1754 6 2354 1 1154 30 3154 5 4254 " 9 29 57 1814 31 17 13 3354 654 2654 5654 1454 1754 51 61 ! 54 xr ( 4 54 54 154 54 54 54 4 a 154 i 1 ft 22 1154 30 42 654 2654 X 57 1454 1754 154 2354 54 1154 3154 4254 1654 17 :a 28 284 18 1854 33 1 11161116 80 1954 19 8 60 1 60 T9i 15541 1554 SI S3 L 33 54J 1 64 '54 1 116 lll&K 19 Y 60 1554 SI 54 i 317385745 NEW YORK BONDS BONDS Sale Close Chg Sales In $1000 3 9354 Am 4c For Pow 5a 2030 XL 35 93 Am TAT 24 75 6 10154 - 54 Am Tobacco 3s 69 54 4 11954 A T A 8 F 4s 95 21 7254 54 Balt A Ohio 6s 95 J 5 6354 154 do 5 93 G 11 63 1 do 5s 96 M 6 6354 do 2000 K 154 do cv 4 54 2010 1 72 52 27 9454 Canadian Pae 4 perp CMSPAP Inc 4 54 2019 12 71 64 do cv 454 2044 27 5764 1 10064 do 4s 94 9 10354 Cleveland U T 454 s 77 64 6 88 D R G W 3s-93 4 10064 Detroit Edison 3s 70 46 6754 Erie 454s 2015 1 10 84 Illinois Central 464 s 66 4t Myers 5a 51 1 107 Liggett M K T 1st 4a 90 9 73 Missouri Pac 5 54s 49 293 30 - 2 20 90 do 5s 78 G 94 90 - 164 do 5s 80 H do g 4s 75 64 357 50 National Steel 3s 65 10364 N Y C r 5a 2013 76 154 511 69 do 454a 2013 A 154 1 27 6464 do en 4s 98 3 63 Northern Pac 3s 2047 Penn KR 52 32 99 18UOO 64 St L 8 W rf 5s 90 13! 9154 Southern Pae 454e 81 154 do 454s Ore 77 261100 211 96 64 Southern Ry g 4s 56 Union Pacific 2 76 5 9854 Western Union 454 s 50 54 8110164 Wilson 3 58 5101 Wisconsin Central 4s 49 17 7664 1 Total sales Thursday $4435000 previous day $5325000 week ago $4649-00- 0 two years year ago $3633000 0 ago $4479600 Jan 1 to date year ago $863199820 two years ago $1168619000 — — 1 i" 54 m i” 3s $875-44944- ' SL out-of-sta- Ida Nov 4— Dairy manufacturing plants in Idaho made 2060000 lbs of butter and 1795000 lbs of cheese during September a report by the bureau of dairying and the bureau of agricultural economical showed Thursday beButter production was 6 low August American cheese production was 1535000 lbsJ 14 below August but 7 above September 1947 and 3 above the 1942-194- 6 September average Milk production in September was 98000000 lbs compared with 114000000 in August this year and the average jfor September of 102000000 lbs Idaho production of ice cream in September was estimated at 180000 gals 65000 gals less than August Farmers selling milk to American cheese factories in September received $108 lb for butterfat in milk testing 369 butterfat the report said This compares with $114 for fat in 359 milk in August and 93c for fat in 365 milk in September 1947 Butterfat in milk sold for making gutter and in September was $102 lb In milk testing 405 fat compared with $108 for fat in milk in August and 96c 384 for fat in 402 milk in September last year Evaporating plants paid about $120 lb for in milk eijat BANK CLEARINGS Wednesday’s bank debits Same day last year Thursday’s clearings last year $8241795 00 7 48666100 8290409 53 I by-produ-cts Volume Gains On S L Mm-- t total shares traded about up- to normal A total of 44947 shares! changed - hands including 16300' on- - the curb This compared with 27250 shares sold Wednesday when moved curb Combined Metals picked! up lc on 6257 closing at 35c Park Bingham was the only other gainer issues up c on 2000 at 3 Seven i closed steady Bristol Silver led five losers off 11-6- - economics exhibit is an animated This unit of the bar chart showing how the average family spends Its money Green liquid representing Income flows into cylinders representing needs WUys-Overla- ! Displays Three-Dimension- al Cattle 00 i ‘including through shipments totalled 45653 head compared with 43743 a year ago and 33498 in September 1948 Hogs handled totalled 49807 head compared with 58621 a year ago and 34198 a month ago Sheep receipts of 94 '872 head compared with 136853 in October 1947 and 120057 in September ! Salable livestock at Norte Salt Lake included last year’s figure in paifentheses cattle 3393 (4213) hogs 2512 (1815) sheep 11865 j (13026) PRODUCE MARKET Wholesaler to RetoSer Egg Grade Aa 79c grad A large medium 64 65c grade B lar Ninety-thre- e 90 score 64e -- Cheese triplets 40c 12-lloaf 4 2c longhorns HEW TORg Nov 4 (UP) — Product: Dressed poultry — steady Live poultry — unsettled Cheese — steady single daisies 39 43c Butter — — 802585 market pounds firmer — Eggs 16482 cases market steadier Twenty-lour-poun- d 41c 5-l- b 1 Nov 4 (UP)-- Poultry — trucks market steady Cheese—Twins 34 35c single daisies 37 Vi 40e Swiss 55 57cj Butter— 405050 pounds market firm Egg — 6216 cases market steady CHICAGO Twenty-fiv- e PRICES METAJ 4 (UP) — Following are Thursday’s custom smelters prices for delivered metals (cents per pound unless herwise designated) valley Copper: Electrolytic delivered 23 50c cast-i- g 2350c export fas N Y’lake delivered fob refinery nominal alley 23 Sic Lead Common New Yorjt 21 50c St ouis 2130 21 35c foreign gulf ports ominaL Zinc: Prime Swestern New York 1615c NEW YORK Nov 4 2320c Settlement price— Copper lead j casts" telling them what stocks to buy "after the Republican A Safe Bet It’s a safe bet the market research firm ar worried today — not to forget the writers of news- vic-tor- y” EARNINGS FALLS Ida Nov 4 JAP)-- otato shipping point toformation for laho Falls upper valley Twin Fails urley sections : Offerings light especially! in Twin Falls wiei iront previou ob mhlpptng porifct caah track) re 8 ale 1 9 IfUVlC Delivered salee shipping point basis a -- 4 1 tee tipsters and all the lette experts — worried ' as to whetherra the black the political dope-stegot Tuesday may not shake public confidence in all forma of the so called science of forecasting the future or of giving! you the absolute last word as to what your customers your stockholders your employes are thinking— and aa to what they are going to do no matter what they say they believe You have been told just why Aunt Emiha - won’t buy your product unless the box is blue —or rather that she has said she won’t And this may all be sound true and scientific But the survey boys are unhappy today for fear you their customer may not have your fingers crossed from now on In There Pitching The market research firms already are in thebe pitching-Theaiff the ones who specialize in business surveys and steer clear of political surveys —except of course that so many of them have based their own survey recently on the mythical Republican sweep The specialists think that the political opinion takers may not look so good now to the business firms Publicity in former years when their political polls were borne out helped them land customers for surveys This may boomerang now say the specialists and leave more t of the field to the latter iv quuic jew asicn — Trading light because Continental National $ 210001$ 22060 Prices to growers First Fecurity Corp some growers asking hlgherprices Very 5200 5300 Utah Savings A Trust I 195001 21000 few reported sale bulk per twt dependUtah Stats National 62001 -- 66 OO ing on size condition and delivery date Walkar Bank A Trust 215 001 222 00 U 8 No 1 $175 0190 -U B HO 2 aios’i Savin ga (nsw) S250 $0000 occasional lot 90c O $110 - ’ 4 cluded: n Newell Wasden Cedar City Adams Fillmore J M Adams Loa Ashael Nelson Richfield Earl Kelly Delta Clyde Thomas Span- le ish Fork Floyd Harmer Sprlng-viiE Jewkes Price H J Lewis Provo W N Steffen American Fork Owen Hamilton Riverton W A Cottrell Draper Heber Butterfield Midvale Rulon Burning-haSalt Lake City Cecil Rush-fort- h Ogden Richard Carter Morgan Dewey Spendlove Brigham Reed Giles Tremonton E H Elliott Logan J Kelly Malad Ida and M A Wester berg Preston Ida Mrs Fred M Cornaby Spanish Nel-do- m y ’ Fork was reelected president of the' auxiliary Mrs L O Sorenson Richmond was renamed vice president Mrs was Roy B Cates Springvllle elected secretary-treasurwith Mrs Cedi Woodward Franklin re- elected one-yeadviser Mrs Peter - er ar Willard son Monroe Is holdover Mrs J L Mower American Fork administrative adviser and Mrs A L Stenburg Salt Lake City program and publicity chairad-vls- their-busines- s NOTHING - if There is a serious shortage of eggs in Utah and as a consewe can market all we quence can produce here and many more" Clyde C Edmonds general manager Utah Poultry and Fanners’ cooperative said Thursday He addressed branch managers from 25 Utah and Idaho cities at the firm’s annual fall conference in the Newhouse hotel- The poultry official urged branch managers to be active in civic affairs and to build good will in their communities and within their full coplants He also advised operation with the womenTa auxiliary 'of the Utah Poultry Assn which is initiating a' drive to urge poultrymen to retain top standards in their eggs through proper handling Those attending the meeting in- -- NEW YORK Nov 4‘(AP) —Youngstown Sheet and Tube Co Thursday reported neta S436comequal to 30 profit of $7306000ended share for quarter Sept of $4817698 or $2 88 pared with a profit 1947 The a share for the same period of other revenue company said net sales and this of year totaled for the third quarter 6741 as against $74257556 for $96576 the 1947 quarter Columbia Broadcasting System Inc’ reprofit of $3 010446 equal ported a new to $175 a share for 39 weeks ended Oct 2 The company’s profit for the 40 weeks ended Oct 4 1947 was reported at $3660860 or £213 a share Other corporate earnings reported 1947 1948 National City Lines Jne for nine months ended Sept 30: 1 $ 2133 690 $ 1527595 Net profit $ 98 ( 41 34 A share Co for nine Timken Roller Bearing months ended Sept 30 9144 682 Net profit 111177441 A share $4 62 $378 Ward Baking Co for 42 weeks ended Oct 16 1948 and Oet 18 1947 Net profit t 2933948 $ 1667533 I A share $193 $377 crops be- te Edmonds Cites Ess W W Shortage f j i 1j man FINER:: Sensibly Priced! i— wss mmmm DIVIDENDS NEW YORK Nov 4 (AP) — S H Kress and Co declared an extra dividend ef $1 on common payable Dec 20 to holders of record Dec 7 On Oct 5 the directors declared a 75c extra and a quarterly of 50c both payable Dec L Sterling Drug Inc declared a regular dividend of COc a share on common and to holders an extra of 25c payable Dec of record Nov 18 Pittsburgh! Plat Glasson Co declared a year-en- d dividend of $1 $10 par value stock payable Dec 8 to holders of recj ord Nov 15 I Columbia Broadcasting System Ine declared a diildend of 50c on class A and B stock payable Dec 3 to shareholders! of record Nov 19 Last year the company The declarations paid 60c og Dectotal5 dividends for 1948 bring company’s to $2 since disbursements of 50c each wene made in the first three quarters Last year total payments were $210 ipe- American Express Co declared rial dividend of SI payable Dee 1 to stockholders pt record No 19 1 Matched suites If 1 POTATO MARKET IDAHO ? - I score 65c 9 I 8-1- I 68 Vic Butter score 67e ‘ j out-of-sta- ginning to arrive many are aimed at the holiday markets Sweet potatoes from California are in adequate supply and going at about 10c a lb Tuns are arriving from Louisiana Cranberries from Massachusetts are available at about 25c a lb considered reasonable Plenty of new crop dates will be in for the' holidays Texas Grapefruit Arrives There is an ample supply of Texas grapefruit on hand Quality is good and expected to improve as harvesting progresses Price is about 8c a lb forr white and 10c -for pink t The market has strengthened of late on California tomatoes now selling at about 17c a lb Flops on Election Polls Knock Business: Tipsters Expert’ Park received 1948 As to the An exhibit of thredimensional displays designed to clarify applications of economic principles under the freeenterprise system will be displayed Nov 2 in The TribuneTelegram auditorium The exhibit will be sponsored by The Salt Lake Tribune Motors Inc Salt Lake Telegram and Willys-Overlan- d James Mooney president Willys-Overlan- d designed the Fortune an for he article had written magazine after display on the basic principles of economics Studying the graphs accompanying the article he decided they were extremely complicated So he and his engineers simplified them and the exhibits' were built and dubbed the Econorama First use of the exhibit- - will be Monday Nov 8 when faculty members from- - the University of Utah will 5-attend a pEreview It will be open to the public from 3 to - pjn and from 7 to 9:30 pmNov 9 JCf 11 and 12 Mri Mooney will address the) Salt Lake Rotary club at noon Nov 9 and then will give elub members a special preview of the exhibit at 2 pm Top October j lb Simplify Economic Laws SL Cattle Receipts Thursday to price supports the cost to consumers will be high about 4c a lb A good portion of the onion crop is going into ' storage but price remaina reasonable at 4c a nd 2c on 2500 closing at 17 C Ohio Copper sold 1500 at 23c iuid " By SAM DAWSON City Consolidated 1100 at 40c — both off lc Madison Mines and NEW TURK Nov 4 IriP) BusiRoyston Coalition each slipped le nessmen who more and more have Combined Metals sold 1000 on the curb at 25c steady from the been trimming their sails’ to the i breezes from tee polls surveys call and research studies are doing a little surveying- - Thursday them- s selves -- 1 Some business executives have ’47 come to rely on straw votes NORTH SALT LAKE Nov 4— opinion sampling and questlohaires Cattle receipts during October at in setting their business’ courses North Salt Lake Union Stock On theif desks right now-- unyards were higher than a year less tossed into tee wastebasket ago but sheep and hog were off a monthly report receipts showed Wednesday — are “market fore- (AP-USD- 767816703 $600 0800 Local lettuce la about gone too quality Jonathan apples are available but the supply is being depleted rapidly at about 10c a lb When the new crop of California oranges begins to appear however the - apple outlook may r change ‘ : ' Spuds Stay High Ample supplies of root vegetables are available at from 5c to 7c a lb Quality is good There are plenty of potatoes but due Good ’ Volume picked up a little Thursday on the Salt Lake Stock exchange and a good curbi brought pto i vested ! f te - 10-ye- ar er CORPORATION 4s h14 I P Total stock sales Thursday 1530000 previous day 3230000 week ago 973-25- 0 year ago 847490 two yeara ago 1143860: Jan 1 to date 251917492 two yean ago year ago 212656141 2 Gr--Pai- ge Martln-- 009 54 54 Interest on produce ’row was offerings i swinging to were as local crops being Thursday j cleaned up rapidly Celery of good quality still is available with price ranging from Sc to 15c a lb Shipping deals have been about completed Fortunately cold weather held off unwas hartil most of the crop - IDAHO FALLS low-choi- ce 614 6 TOR 551 6 - Fare 2254 2254 20 23 Fruehauf 9 10 4 10 Gan Bakng 1154 1 1154 1154 Gan Bronze 10 10 Gen Cable -- 19 10 85! 41 40 54 4054 Gen Elec 39 17 3954 3854 Foods Gen 63 54 63 Gen Uotra 120 635 14 265a 2654 26 Gen Refrac 3254 3254 Gillette SR 12 33 Glldden Co 13 2154 2154 2154 Goodall-S- a 3 18 1854 18 31 63 6054 6254 Goodrich 23 4754 4654 4654 Goodyear 354 354 25 354 G N Ry pf 29 4654 454 46 8 1954 1954 1954 G W Sugar 7 1154 11 1154 Greyhound 49 7254 7154 714 Gulf OS 21 2554 BAH 26 254 Hart 2554 2554 Holl Furn t 9 26 54 23 4 22 23 HoHy Sug Homestke 10 3254 3254 32 4 3 J 4 454 Hud a Man 4854 50 Hudan Bay 25 50 ' Hudan Mtr 50 1654 1554 15 3 3 Hupp Corp 118 3 3454 3454 34 Idaho Pow ’ 111 34 27 3554 34 Central 6! 45 44 44541 Indus Rav Stl 36 47 54 4554 47 Jn'and Cop 1854 13 1854 18 2854 29 Int Harvea 68 2954 27 54 28 Int If A Ch 15 2854 3254 lot N Can 50 3254 31 22 5854 5754 5754 Int Paper 51 98 98 98 Int Pap pf 76 12 Int T A T 114 12 Jna LSt 30 3654 3541 3554 58 54 58 54 Kenne Cop 50 58 3 374 3754 374 Jtresge S 8 Kress 8 H 3 5554 54 5554 21 4654 48 46541 Kroger Co 61 20 Co 1954 20 Lambrt Ub-O-- r G1 101 4954 48 4954 X If eN a L 9 954 10 954 3 8754 8654 8754 a Myra JJg Lockh Air 13) 1954 1954 19 54 Loews Inc 281 1554 1554 1554 31 65 64 54 65 str Cm d La 24 Marsh Fid 2454 23 Martin GL 124 1254 1254 Utah Produce Supply Drops But Outside Offerings Rise J I a ) 1 1 Building Permits For South S L Total $11 Million SOUTH SALT LAKE Nov 4 —Residential and business co: on file in town offices h( re reached the $l17lj-45- 0 mark at the end of October William T South city) manager announced Thursday Mr Sduth said much of the I building applied for thus fir 1948 In already has been started The pem its Include $601000 business and commercial construction and $571000 for new homes The latter applications arc for 120 residences he said - -- j ' V- ' - be glad to pay the modest cost of our Lincoln desks t and matched suites when you consider the finest quality work- -' manship the many new features new s ze comfort height leg- less island-bas- e Desks table bookcase space-savin- g designs chairs telephone stand and wastebasket’ all engineered in newest modern lines using matching woods superb crafts- manship See these famous new suites let us plan your new office i Yes you'll 4 1 I 1 f " j - Consultation without cost- - Phone 'I today for information fr OFFICE 24 EAST BROADWAY ' SUPPLIES DIAL 4-84- 24 er |
