| Show S7 THE SALT LAKE TRIBUNE Sunday May 2 1048 iMocuno 1 ) 1 8 W nut itriAcu Intermountain Business News Mines and Markets r I'llHlH T W4i a Strike Threats Profits Clip of Rally Wings m— NEW YORK Utah Hydraulic Engineer Knows Job Works at It By OLDTIMER Rom engineers hold public posi-tio- n other hold public Job — and work at them Ha If Pumel Woolley w bom In Psrla Ida Sept 13 1854 th on of Kdwln Thom Woolley and Emm Rumel Woolley Th year pnt At th University of Utah from which Institution he obtained his bachelor of cienc decree in mining engineering in 1909 ( CE degree in 1920) wer busy ones Served a Draft man During th summers of 1905-0- 6 he served as draftsman In the city engineer's office at Ogden From 1906 through ISOS he was an in the department of geology in charge of the mineralogy of laboratory at the Universitywas Utah and the summer of 1908 devoted to special Investigations for th United State Smelting Mining & Refining Co During 1908-0- 9 he switched to mechanical work supervising mechanical laboratory work at the university Following graduation from the university Woolley became a sales engineer for th Q T Ingersoll Machinery Co during the summer saw of 1909 The years 1910-1- 1 him successively teaching mathematics and physics at Box Elder high school Brigham City: draftsman In the famous Silver Brothers Iron Works Salt Lake City and on special irrigation Investigations for the U S department of agriculture During part of 1911-1- 2 Woolley did revaluation work for the Oregon Short Line railroad and in 1912-1- 3 he was an assisted in the Utah state engineer's office and did hydroelectric and irrigatlorr investigation for the Utah Power and Light Co 'from ss-siste- 1 nt Upion member of the advisory board of the civil engineering department University of Utah president intermountain section American Society of Civil Engineer: geological survey member of the Interdepartment coordination commission for th Salt Lake City region chairman of the upper Colorado river basin commission of the Interior department for th Colorado river basin commission and member of the board of engineering examiner for the state of Utah Haifa fraternity ia Sigma XI and he is a past president of the Orpheus club Ha Two Children Half Woolley and the late Elizabeth Brett Woolley had two children Jean their daughter Is Mrs C M poulaen wife of a World War D veteran who is affiliated with the Firestone Tire Co They have three children Ralfa son Brett Rumel Woolley is married and has two children He Is a production auditor for the Utah Oil Refining Co In 1945 Ralf married Ethel' Y Jacobs of Provo She is a gracious helpful partner of a busy engineer in no way inHI quiet terferes with Ralf Woolley's decided opinion when it become necessary to express it but as a fine type of public servant he never "detours” to get into unnecessary controversies hundred! High Low Last Cbg HAILEY Ida May 1 UP)— Organization of the Central Idaho Mining and Industrial Assn was completed here Saturday More than 100 mining men from 20 Idaho counties attended the orThe new ganizing convention group replaces the' Eastern Idaho Mining Assn : Ivan I Taylor of Mackay was chosen president and Ray Weber also of Mackay was named treasurer Klerted-vlopresidents were Prank Plughoff Blaine ' county Floyd Sherry Sr Custer county E B Douglas Lemhi county K W Snyder Twii Falls county Carl Scooble Bonneville county and G G Gressman Butte county as headquarMackay was chosen ‘ ters for 1948 Immediate passage of the Russell bill providing federal subsidies for small mine owners was urged in a resolution adopted by the group g' e 1-- the steelmakers ay the Banking economist handwriting ia already on th wallIs that consumer production good And th puhUe Harold Staaaen also blame President Truman Corporate executives and poli"pubticians had beat forget-tlic b damned” stand Anythin can happen next November Ther will b many aurprlaea Tax Cut No Help The $4800000000 individual income tax reduction doesn’t help th want earner's buying- power All It doe la help offset part of th Increased living coat ainc early h ‘ - buy-stri- ke bar-ro- w oaa-tbir- d b old-cro- p' — Hoga: OGDEN May 1 Salable and total non for week eatable 261 compared witlk a week ago butchers moatly 50c higher1 sow steady late aales 80 to 240 lb 2150 4$ good and choice - lb 20 50 gf 2100 : 2200 240 to 260-19 280 to 260 to 280 lb 5002000 1 50 (M 900 300 to 330 lb 300 lb S17 50 91800: 330 to 360 lb cboic 17 00 kiwi largely 135001400Sl50n lightweight W 131450 madlum quality heav00 ies 1250 for Cattle: Salable and total non week aalable 2463: compared with week 1 some moat 50c to claeaea ago higher: of advene lost later on mediocre Stocker 1140-l- b one load good and choir fad steer other carload $2685m S2750) to low 2735 average good 25504$ 2675 medium 2100 25 00 good to rhoic heifera 2680 42705: bulk good (AP-U8D- - madlum 2350 9 2650 2000$ 1 700 common 1950 : good cows medium $21 0042300 50: Stg50W20 cutter to common 16 50 6 18 08: cannera SI 6 00 down S2250W good bef bull 2350: odd 1 2400 4$ 24 50 medium- - to 195002250 good good sausage bulla 29 00 W 3350: odd to choice vealera 3400 and above: common to medium 2200 ft 2800 good to choice Jleadar ateara tote me2600 02725 nuMfr dium heifera $2300 0 2500to: choice feeding W atock calves 2425 W 2600 good load atock cows $1960 2600 2725 one load cows with a faw calve 175 per 234 head: load cows and calves at aide a pair Salable and total none for Sheep: week salable 131 compared with a week ago moatly steady to strong: one deck choice 88-lUtah shorn lambs No 2 2275 flat: oddbead merely pelts wooled bid crop lamba $2200 flat good few native spring lambs good and choice 98-l- b medium flat and good rtcently $2500 ewes thorn $800 flat 1 SAN FRANCISCO — Hoga: Salable andMay total none For week 1600: generally 80s higher Cattle: Salable and total nona For week 915: 100 higher: good ateers scare generally few medium steare 2625 2700 few heifers $2675 odd heed absent medium grassy heifera 2400 4$ few loads good range cows 2550: 2300 e 4$ 23 50 bulk cutter and high common cows cannera 1750 2050: 0 scarce at $1600 tr 1750 bulla 1000 200 higher top $2400 Calve: Salable and total none for week 125: ateady week' top $3300 Salable and total non: for Sheep: week receipts 850 active spring iambs 50 4$ 60c higher: bulk good and choica 2510 0 2565 wooled ewes 150 higher madlum to choica 1000 41200: two decks 71-l- b good spring lambs feeders lota 2300: Trl-etat- a v I B-- 2 - B-- B-- b (AP-USD- 74e V n moderately curtailed here and at 12 main markets: slaughter steers steady to 50c heavy weights over 1450 higherfoundalthough - narrow lb outlet and carried a weak undertone throughout choica steera aleo Closed alow heifer strong cows U $150 higher bulls 50 to 75c $100 lower vesiers $100 higher stockere and readers fully 25c higher top $3223 for three loads choice to prime 1037-125Ih fed steera bulk good and choica fed ateers several load 2750 3150 9 including high-gooand choice 1583 to 1684 lb c bullock at 287503050 1405-lreached $3200: medium weight d to steera $2550 0 2725 load choice 1005-Inative heifera $3150 13 loads choice 945 to 1090 lb Colorado fed heifera $310003125 moat good and choice heifer 27 00 0 30 50: medium and good beef cowa $2150 0 2400: cannera and cutters closed at $1450 19 00 few ahelly light cannera down to $13 00 practical 1st top weighty sausage bulls $2450: vealera $27 00 3000' good and chon choice 458-l- b stock ateer calves 0 29 00 medium and good Stocker steers $2450 0 ' - - i— Sheep — Salable 300 (eetlmated): total not glvarrj compared week ago led wool ad receipt Jamb la roe proportion from Colorado and Nebraska asaughter lambs lower first two session Tuesday’ top off 50c from previous week’s close however continued small receipts resulted in reaction at midweek and higher markets from then on placed wooled slaughter lamb prices steady to 25c lower and ahorn lamba around 25c ewe were scarce hnd strong to higher SOc around top paid both higher: and at close for $2600 and choice early fed wooled- - lambs other good good and choica wooled lambs 95 to 112 lb 2550 02585 medium to good averages 22009 cull and common 2550: 1400 ® moat good and choice fed ahorn lamba1900 No 1 89 to 104 lb and 2 pelt ® 25 25 : good and choicaaverages 52475 wooled ewes 1250 01300 comparable grades ahorn 7 d hlgh-choi- low-goo- b 26-50- $1100 91150’ all ( Armour a Co Comwlth Edison L McNeil a L Sears Roebuck Swift a Co Iflalaa! 1001 High 13 200 27 1 2001 9 4 30! 38 Vi 100) 33 V Total atock salba Saturday bond sales Saturday none I ' Benny Sales If business is good why does a coubig soapmaker mail price-c- ut pons to phone book names? Drug- stores ar again offering "penny sales” items Did you know thst a 5495 Polaroid auto sun visor now sells for 8Sc ? L Business is bad and will continue bad until retail prices get down to below consumer resistance points In other words' a buyers' strike is sweeping the nation The reduced sales 'volume coupled with the increased supply 6f goods’ eventually 'will result in a d ue tlo jv letdown Banking pro economists say it is so today and gathering NEW YORK CURB Salsa In hundred Salas: High Bunker Hill AS: - 1 4 21 a Chief Con Mining’ 2i l1 I Citiee Service 18 49 14 El Bond a Share 18 im: Keleer-Fraee- r I 13 10i Niee Hud Pow1 14 j 3 3 Northeast Airt 3 13V! Tachntcolof" 1 t United Gaa 8 Foil B U t 2! Low Close 21 41 21 14I1 484 1 48-- 2 3' S 16 3 ! 1DI 19 1: 19 4: 161: 16Vi 3! 12’ 104 3 i 131'4 194 164 Utah Idaho Sugar II 3 14 I 34 Total stock sales Saturdav 130000 aharaa year ago 73903 aharaa - PRODUCE MARKET Low Close 13 13 26 74 26 9VI 914 38 4 3814 331 331 I I V- ' CHICAGO STOCKS I I 11000 shares Eggs 54 9 58e medium S3 9 Grade A 56c grad Blarge large 52 0 53a Batter Ninety-thre- e gears 84e: 92 scoro S3c: 90 score 82c Cheese d 45a: 12-t- h triplet 46e: loaf 47a longhorn Twenty-four-poun- 5-- lh $2400 — Cattla DENVER May 1 — Compared with week ago fed predominating ateady to 25c lower choice 1142 lbs to 3000: other 2700 0 2960: medium 2425 9 2550: heifers $2500: in Instances 5oc best 2885 0 2900 other good to higher choice $2600 0 2785: few medium 2450 down beef cows 25c to 50c lower few good $2240 0 2375 other common to good 180002200 cannerg and cutter to 25c lower: bulk 1600 0 1700 steady bulls 25c to extreme 50c higher practical top 2400 calves and vealera moatly 3000: most heavier steady top vealera calves under 2600 stockers and feeders less active despite light supply lower on fed lightmostly yearsteady undertone lings late: soma strength on best calves: 700 to 1000 lb ateers mostly short fleshy fed 2750 0common 2850: tobest choiceyearlings steers $2850: other ahort ateer calves 2000 0 2775: yearling d common cows to $2700 to choica staar $1600 calve 0 1800: $2900 0 3050 choice mixed calves $2960 fetors (AP-U8D- low-goo- d i d high-choi- A Looking for Warehouse Space? 0 22000 feet FOR SALE OR LEASE Set Property Management Department TRACY-COLLIN- O Has trackage Convenient location O Low O Available now O rent TRUST COMPANY S 151 SOUTH MAIN SAIT LAKE CITY low-goo- high-'goo- d enmm 6'c ALVJAYS PAYG OFF 19c Neoaperattng Cam pn ale Eureka Standard 1000 at 2Se Park Konold 1 0OO at 9c Wt Toledo 2000 at 5A4e ciaa Operating Cardiff 500 at 39c: 500 at 3Ue Columbu Rexall 5000 at 28c 500 at 28 lyc lOOO at 29c Faat Utah 300 at 57e Moscow 2000 at 3Ve Ohio Copper 1000 at 27e “fir Twenty-tw- o years In the construction and industrial machinery field gives us seasoned experience to recommend the tools best suited to your requirements Nowoperatlag Creacanf Eagle 1000 at 19Vr Silver King Weatern 400 at 75c - — - enough to serve you well Small qnough to give your business our personal attention Big UNLISTED STOCKS Final atock rales Satmxiay 480000 aharaa: previous day 14400(0: weak ago two veara 849240 year ago 249730: ago 457050 January 1 to t ate 95091-32- 7 year ago 89390S20 t'vo years ago 146143982 DOW-JONE- S Salt Laka City Utah price-cuttin- Henry popularity (AP-USD- y EQUIPMENT HEADQUARTERS By LOU SCHNEIDER NEW YORK— Bustneaa is not good That goes no matter what Washington economists say and despite th steel lntfustry'a price cuts Ford Motor General Electric and International Harvfcater earlier g reduction didn't tart a wave Neither will those by is b sit Idaho Steel Price Tax Cut Failing To Stop U S Buyer Strike Wallace and of I 1 £! - a TRADE WINDS 87-l- MARKET at 1 T4 66 -- S L STOCK 100 0 1 60-sto- Wyoming Oil tl Elm 1 Silv ar IT Silver (Handy A Harmon N T ) By J A Wont A Co LIVESTOCK MARKETS Mid-Contine- nt 3-- oa QUOTATION catching up with demand and laat year folks haven’t money to buy "The worst ol all shortages ia licked” Farm producta and fooda ar 10 to 12 higher than this time Vociferous Objection last year Consumers living costa Moreover the public’ reaction are back to Dec 15 levels and the to high prices isn’t one of apathy Trade Wind report a resuming Vociferous objections ar evident upward price climb in MusNote the bread Retailers are worried They ae catine Ia shelves loaded and factories pushPolitical leaders too see the ing production But the publie public's anger expressed in the buys only on clearance sales The nation is back to prewar It’s only competitive conditions a matter of months before factory warehouses are loaded with goods that cannot be moved v vaster weights $2200 0 2500 NORTH SALT LAKE May 1 (U8DA) — 0 3050 Failure Incre&A Cattle for weak— Halabla receipt 719 heavier calves 2800 down itnmiiiiid with a week ago slaughter catHoga— Compared with week ago Business failures thus far this tle 50a to S1O0 higher with iome sales and gilts moatly 5oo to $125 higher atock era fully SUOO higher Good slaughter faw over 350 lbs and all owt steady to year are five times greater than steer 2600 2700 medium $23 00 5tc up week’s top $2250 paid early: two common $ 900 to 2200 good heif- closing top $22 00 2500 bulk lata and years ago and almost doubl good a 2500 er medium f choice 10 to 260 Iba $2000 2050 1$ 2173 those of last year These are not cow common SI S 00 0 1950: good 2300 $2400 moat of week's supply 270 to 300 lha few 1st 1950 to 1850 9 2050 heat sows 81350 with good signs largely $2000 6 2300 cutter to none $1 $ 00 ($1950 S2250 above 1500 late Note that when skirt and dresa rommon medlijm S16 00 4 1 150 cannera S15 50 8 need— Comp red with weak ago slaughdown good beef bulla S22 00 fft 2400 m so did prices lambs 23c to 50c up quality conauisrtd lengths dropped to good aauaaga hull $1600 t 22 OO ter naspring lamba of season sales nosedived Fur and cutter to common 1700 down: good to first Liquor and tives about good graatug largely choice vealera 82900 3400 few up to buck 82600 straight (wo doubles jewelry sales are Worse than slug3450 common to medium 82200 e good and choice 100 to 103 lb woo ad Movie box office receipt feeder steer and ‘lamba 2600: good to cbo!c gish 2625 thi in line with top of are alack calves S2600 A 28Uk) levels Houseware recession at io choice to 85 106 and data year — good for week Salable recal Jlog 116-llb offerings lat $2600: freely with a week ago makers admit sales compared prospects are to medium averages $2525 good sows early late bulk 100 to 106 lb wheat moatly 50c higher beclouded And a popular watch$2400 pastured 9 rood and choice 170 to steady 240 lbs 2200 2450 and choice shorn No 2 pelts 240 to 260 lb 2100 260 to 280 lb not enough aged e we to test making firm asks its union to help 2400: good 300 to market 1900 82000 20 to 300 lb common to medium wooled work out a plan to curtail profew lb lha to S17O0 50c lower 330 330 360 1800 at $900 91100 few smalt lots duction over 360 lha 81600 sow under 300 lb ' 816 00 300 to 450 Iba 1450 i 1500 feeding and shearing Jambs $2100 0 2150 conestate Honest real ® 14 welchta over 450 lba agents $1350 — Hogs— CHICAGO Mav 1 Sheep for week — Salable receipt 34 4: Salable firm demand in homes aren’t thst 10OO total 500 (estimated) demand broad aupply very light lamba week ago butchers 25c to 50c at present prices compared And auto dealgood and choice higher sharply S23 lower moat off on weights over 250 Ibe 0OW2400 few strictly choice sows lamba ers will agree new business is near lower 100 native spring lamb quoted $2500 ® choice Cattle — Salable 300 (estimated)! total zero Tires aren't in demand at 82500 2600 not given compared week ago receipts The economic cooperation administration has tentatively scheduled to send the 16 beneflttlnf European nations tn the next 15 months 1020000 metric tons of copper 613000 metric Iona of lead and 743000 metric tons of xioc With IT 8 nod th rest of the world 1913 to 1915 metal at a high rate renanming would leaders sold th U 8 governmentIndustry Worked at Chico b hard put to find copper and lead for Itockplling Dr Dona’d H McLaughlliv president of Going to Chico CaL In 1915 Homestak Mining Co Pen Francisco told Half managed the Woolley Auto th U 8 Chamber of Commerce La Wadnea-daCo also connected and that tna lag (a stockpiling serious Ha said efforts to stockpile domestic ores with th automobile business in would prove "woefully Inadequate" and th government must took abroad for supplies Salt Lake City Returning to his Dead demand aleo Increased to Europe In was 1916 Late he engineering at 161 to 16‘e Fore'gu angin metal held In The lb at Oulf of Maxioo port g the Arthur efficiency engineer In domestic firm at 174s was' price mill of the Utah Copper Co until Ktw Tork basis 1917 after which he turned to for lead remained vary heavy Saturday's total Bond sales S 1 1 80000 0 andInquiry there wer reports tnat ahprtagaa war weak alto hydraulics In earnest —engtging in 26000 : oay 4221000 curtailments plant causing two 975000 years year ago activities in which he has partic- B( Four Mexican lead mines remained closed 32-Jao 1 to bate 1424000 — Mexican strike reflnad lead out: ever by two the aro 617oO since S3708S49O0 year Joining ipated 6270 Iona compared put In March United States Geological survey as years aso 560924 0O witn 20157 tone In February and 15797 la January an hydraulic engineer During the sine concentrate wer In heavy wer unchanged but proyears he has devoted much of his INVESTING COMPANIES demand Price a higher price must he paid said ducers time to the study of water power am i Asked bv th smelters If productheir for output tion ia to be maintained and if no sub-sldirrigation and other uses of Affiliated Fund lac $ 409 448 Th last hlk legislation I paused stream in the intermountain area Amer Buj 4 24 387 la lead price preceded by an locrsaac -- Abere rnideedA How IV concent rat ell 159 In addition there have been nu- J:ue I 145 price Fd 24 Z4 2 02 of prim waiter and apacltl merous Investigations and reports Ft rat Hut Tmit sal Offering Fd 604 343 S tic were and th daaaaod trad light Fuad investor inet 1514 1427 for the federal power commission Keystone Th domestic price held at 12c artslb Eaet 26 18 24 OO CiUn Ftorigin t 1 Foreign been field repre18 51 94 d B1 for which he has metal an firm at 12Ve at Oulf of 4 10 28 do 941 Mexico sentative port 14 09 15 18 do 8 2 Chines An outstanding experience was do 4 tungsten or sold at $27 a 521 477 too duty paid but domettia or continued 13 14 51 Bat 52 wide Fund Natoo Half's duty as hydraulic engineer N Rec Per Pref St delivered at 30 a ton 7 66 7 19 Spanish and South American ore was being offered as 4 70 5 14 Sec Ser lucerne for the U S G S party who tra- NPutnam other nations sought to increase their 16 25 15 11 Find versed the canyons of the Green Ruaeeii Bars 'Fvnd dollar exchange 28 06 24 10 1 a 21 86 Union Pf Atke Fund 20 OO eased about Quicksilver price river by boat 18 63 Sales were In fair volume 17 07 flask of 76 Ih Wellington Fund In a from flask and $75 prices ranged Writes Interesting Article to 77 a Iota of 100 flasks or mqy flask for smaller quantities GRAIN CHICAGO hi career Palf Woolley In During’ remained dtmand Silver and Ha r 1 f AP — A forecast balance supply Price wer unchanged at has contributed some important forCHICAGO tn in western Kanaae and Oklahom ram 45 ounc tn New an Tork and penes a hss been deteriorating from London writings including "Water Pow- lack hre wheat moifiurt cauaed MlUni In wheat weak ers of the Great Salt Lake Basin" futureof Saturday Other price unchangad during th Fartr fain were wiped written in 1924 "Green River and out and loaeee posted The selling in wheat Included: 14c In Aluminum — 15c a lb In Ingot corn and oata weakened Ita Utilisation" 1930 "UtilisaWheat on the Board of Trade rinsed PlAntlmenv — New a Tork lb cased 3612r lower Wav 82 42 242 V tion of Surface Water Resources 2N C3‘C 33c bulk Laredo Tex com 4 un chanced to 1 Vc lower Wav andVlcUel — c a cathodes lb 33 electrlytic of Sevier Lake Basin Utah” 1947 824 9 r 2 19 : ©ate mere He lower to Platinum — SSI an ounce whole! and and 101 Wav $10S 9 109 He higher and “Cloudburst Floods in Utah" eoybeaas retail mere 2 to 3c lower War 8196 1947 The rain forecast came late In the aea-toan eariier prediction of replacing Rhowers He firmly ‘ believes that the fair weather were expected in GRAIN FUTURES mith genKma water power of Utah streams meatern featumsy night was expected Rundar eral rain Oklahoma CHICAGO May should be harnessed soon and to have shower in the north Saturday Open mght nod rain in the north and west that the controversies over the Sunday Wheat — If the rain eocnee It will fall la thoae waters of the Colorado river basin needing it moat grain trader aaicL can be resolved if all aides of the area During inthe aeaaion good rain were renorthwestern Kantaa issue can be presented to willing ported the rain forecast the market listeners from all interested hadBefore acted firm One factor wu overnight of a boot In parity price announcement groups On the bans of the present parity the loan on the 1948 wheat crop government mould be 82 25 a bushel at Chicago New Group Honor Him wheat futures are aelling only a crop above that now little Woolley's professional and other However futuree could aeli below the affiliations are and have been government loan level aa they have at in the pair trader aaid time Naa He member of is the many The Production and Marketing adminEnistration stepped back into the flour martional Society of Professional which a ao nelped wheat in early ket gineers secretary of the Utah dealing com oata followed the action Both of Professional Society Engineers of wfcpat At and the end corn was giving up TOTAL SALES ground rapidly and final prices were at president of the Firs Inc past about the diva low Operating Companies of Utah the on Academy president Relatively amili offering of lard Cardiff 900 at 3c 541 at 3c 500 at contract! helped that commodity Letters mem- May of Science Arts-an39 39c 500 at 'xc ended 8 to 16 ewu higher May Colb Rexall 2500 at 2Sc 200 at 29c ber of the American Geophysical which $2210 2000 at 28Me Combined Mata la 1000 at 22 Eureka Lilly 500 at 33c Horn Silver 1000 at 35a Laonora lOOO at Sfc Madlaon Minaa lOOO at’ SVe 2000 at 9c New Park 1 at Sl-5S at $150 14 at $150 North Lily lOO at 49e Ohio 500 at 28c 2000 at 27c 26 Vic 200 at 28Ve lOOO at 1500 atCopper 25 c 3000 at 26c Park City Con 1000 at 4Sc Prince Con 400 at 23c 5000 at Royaton Coaln Silver Shield lOOO at 4c 2000 at 5c Tlnttc Standard 2000 at 135 Utah Idaho Sugar Co 300 at S3 15 Utah Idaho Sugar pfd 30 at S1060 "Utah wu Mine Industry Group in Idaho Formed long-accumulat- ed opened Cbg Profit-takin- STOCKS) 8aue In and strike threats clipped the wings of th spring atock rally this week The market' setback halted a rla that had progressed through lx ucceaaia week of trading Security price were depressed by the selling activity of those traders cashing in on profits and by the setting of May atrlka dates in the railroad and automotive industries After a sharp dip on Monday the market established a narrow pattern that held throughout the other five sessions Under it backward tendencies prevailed in pivotal industrial— shares while selected favorites mostly oil aircraft and rail stocks — climbed Saturday’s short session con-IsSenior tinued Ralf Rumel Woolley this course with such U S Geologihydraulic engineer sues as Chrysler U S Steel Recal Survey technical writer public Steel Texas Co Southern Railway Schenley Phelps Dodge WEEKLY METALS Mission Corp and Lockheed showNSW TORK May I UP) — Drat effect ing declines of fractions to around Of the European Recovery program on lha a point At the same time nonfarroua metals marksl wars noted tola Petroleum and Central Fk New Jersey pushed to of Railroad X R P 'with fact buyer began foreign t relaaae dollar aachanga for metal buy- new 1918 highs and other gainers Increased but ing Europaan purchase world prtea lavala wars moatly unchangad included Seaboard Oil Gulf Oil Tba Rr'tlah ministry of aupply was re- United Aircraft and General Elecported to hava eontractad for 30000 tons of reflnad copper from Latin America for tric aaond half delivery at 214t a lb New The Associated Press tor basis a point The British also stare reported aeeking composite dropped amal er lonnaaee of roppar for current Saturday to close at 671 where Pome smaller foreign quarter delivery 9 on the week its eold copper abroad at around it was off producara 22o a lb New lor basis first weekly loss since March 13 Tht domestic price as firm at 214c Bonds were steady while comlb Connecticut valley basis modities eased Saturday TVimeetlc roaaumara aought larger quanavail-a- e tities of copper than producers had and suppltee were a located May orders so far total around 77000 tons Books for June delivery hava not been NEW YORK BONDS CORPORATION BONDS Sale Ctoa Sole ia thousand Am A F P 5 2030 A A O 95 J a a St yv o bo 5a VS M bo 2000 K a 2010 do ty Can Pacific perp tne a i 2019 CUfPP on ev 4 Vo 304 4 Cl CUn 4'i 77 93 1' 90 D A R O W 3a-4-i Detroit Edison 5a 70 Ill Central 441 6 ri 1 4 90 Me Pacific S 4a 75 NitT Steal 3 95 N C r 5 2C13 bo 4 2013 oo cn 4 a 9 S St Louis IW rf 5a 90 So Railway U M Weatern Colon 4Vai 50 Wia Central 4a 49 May 1 NEW YORK METAL ri'fpif AVERAGES - |
