Chicago Tribune from Chicago, Illinois • 61

STOCKS 1 REAL ESTATE Jtfarkeh Jndustru (ucago laitij QTribune Dec. 25, 1956 Spt-BuS. Ptt 5 wance usiness TRANSPORTATION PEOPLE AND EVENTS FLICK-REEDY CHATHAM BANK SETS VOTE ON A Little PaUse While Santa Thaws STOCK DIVIDEND Newly elected president of the Chicago Overseas Ship- ping associa- WILL BUILD IN tion is Edwin Stockholders of Chatham Bank of Chicago will vote Jan. 8 on a proposed dividend in stock of one share for every 10 shares held. The proposal BENSEHVILLE was approved by the Doara 01 1 liam T.

McManamon, assistant trust officer of the National Bank of Austin, vice, president, and Frank J. Murphy assistant trust officer of Chi-' cago City Bank and Trust company, Edward A. Murray was named manager of the Chicago-district sales department of American Steel and Wire divi-. sion of United States Steel corporation. He succeeds Wfl-' liam V.

Deal who was ap-. pointed assistant to manager of sales of the division's. A. Kuecker, president Kuecker S. S.

Services, Inc. II succeeds Kenneth-W. Duslng, a vice president Great Lakes Overseas, who was the Facility to Cost directors, the bank announced yesterday. The directors alsp declared a cash dividend of $2.50 per share payable Jan. 7 to stockholders of record Dec.

20, Walter J. Riley, president, said. Kuecker $2,300,000 association's first president. Flick-Reedy corporation an- r.ounced yesterday it will build western area. The Sherman hotel will be the scene of Illinois Institute of Technology's 19th annuar American Power conference March 27-29.

a $2,300,000 plant in Bensen-yille which will boost its production capacity for industrial hydraulic and air cylinders by 70 per cent. To be built on a 96 acre 4 4- Foster II. Gurney, general manager of the Sheraton-Blackstone hotel, was named chairman of the services division of 1957 Chicago Heart association's fund drive. Roger B. Brinkman, a vice president of the La Salle National bank, was elected president of the Cook County Corporate Fiduciary association.

Others chosen were Wil Air Line Plans to Pay All Dividends in Stock Dallas, Dec. 24 W) Continental Air Lines said today future dividends shall be in the form of stock rather than cash'' to facilitate a 62 million dollar expansion program. The air line said it is in the process of buying new planes. Pure Oil company has pro-, moted Frank Tierce to manager of its general tax depart, ment, effective Jan. 1.

He -succeeds II. Guy Chase who is retiring. II dtl Wllll.il ill (111UW 1UI future expansion, the new plant is scheduled to be com- pleted by late 1957 and will boost output by 2 million dollars, the company said. Company to Move it! fx. i i vis if Is! I -frxj i fr ft JVi ill ir.

Drovers Banks at Work transporting America's Goods Upon the plant's completion, the company will move its operations from its present facilities in Melrose Park. The company said that to prepare for anticipated sales growth it lias snent 1 million dollars r- i'" i XX I 1. 1 4 i ft HVr irZ 'jf I i "Vj, 8 in the last 15 months for pro-. duction equipment and research to develop new products. A feature of the new plant will be a heat pump which the company says will take heat drawn from air surrounding the plant in winter and in the summer reverse the process by removing heat from the plant.

Water to be used in the air conditioning operation will be rainfall collected in two rnanniade lagoons in a 10 acre drainage system. Glass Interior Wall The entire east wall of the plant will be of glass and colored porcelain. An interior glass wall running the entire The economists call it "time-place Goods are not really worth a final price, until they are transported to the person who wants them, when he wants them. To transport the vast mountains of materials which sustain America takes men, machines and money. The savings of thousands of thrifty people are thriftily put to work to move America's goods.

Since 1883, the Drovers Banks have consistently and helpfully supplied every banking need for America's transporation If your business requires a banking connection with broad vision and wide experience, we will be pleased to put our many services to work for you. Why not call on us? "Sell Federal Reindeer; buy Dynamic Sleigh "Hold General Jingle Bells, boy! All the way! And pass the word on, if you don't mind, old pal, "The best of all Yules to my friends on La Salle!" Then laying his finger aside of his nose Nasty habit he nods, up the airshaft he goes But his voice floated back from the cold winter sky, Merry Christmas to all, folks buy low and sell high! Tie scrublady paused in her Christmas Eve rounds No mice were a'stirring, but muttering sounds Caught her ear, and she clumped to the half open door Of Paine, Lynch, Becker, Farwell, Podesta Glore. There surprise in his eyes and his mouth all agape Old Santa stood reading the quotes on the tape. "Some changes," he mumbled. "My portfolio-oh-h "A memo to Homer and then I must go!" Christmas Tree Ornaments length of the plant will sepa MARKETS CLOSE AH stock exchanges, commodity exchanges, banks, and live stock markets will be closed today, Christmas day.

Multiply Into Big Business rate the office and factory areas. Truck loading platforms will be equipped with hydrau- EXPERIENCE in working with oil typei of American butineit. SIZE Resource (txcted $100,000,000. Capable of handling your evtry nd. SINCE 1883 Continuous bonking novice on every legal banking FOREIGN EXCHANGE WW 1 HUDSON-ROSS LEASES SPACE ON S.W.

SIDE Hudson-Ross, yesterday said it has leased new office, warehouse, and service department facilities at 2243 Harrison st. and 2232-36 Flournoy st. from Richar, Inc. Consisting of a three story and a tw6 story building with total area of 118,000 square feet, the premises will be occupied on a long term lease basis in January. LONDON STOCKS London Financial Times Net Close chge.

Industrial 177.8 0 4 ing the level of the platform to that of the different sized trucks. GRAIN FUTURE PRICES CLOSE Mnsrr.Y higher Banlis rovers Quoted In American cental Dec. 24 Dec. 21 Yr. ago England ...278.59 278.56 280.3125 Do bknotes.

266.00 266.00 364.00 Canada ....104.28 104.156 100.0825 Argentina 3.56 6.56 5.56 Belgium 1.994 1.994 2.00 Brazil 1.58 1.58 1.52 Denmark 14.50 14.50 14.50 France 2875 .2875 .2875 West German 23.87 23.86 23.74 Holland 26.125 26.13 26.13 India. 20.00 20.90 21.03 Italy 1570 .1565 Mexico 8.01 8.01 8.01 Norway 14.01 14.01 14.01 Portugal 3.50 3.50 3.50 Spain 2.36 2. 36 2.36 Sweden 19.34 19.34 19.34 Switzerland 23.34 23.34 23.34 Free. Each family specialized in making one type. Today in the United States the blank ornaments first are machine made by glass manufacturers and then shipped to companies like Eckardt for finishing.

Inside Is Silvered After the inside of the bulb is silvered, it is run thru a lacquer bath. The lacquer is then baked hard and the decorating is completed by striping and Jfrosting machines. Eckardt said that most American made ornaments are spherical, and that the When you hung that bright, glistening ornament on your Christmas tree, you may not have realized it, but that ornament, multiplied by the millions of others going up all over the country, amounts to a big business. The industry this year is expected to register sales of 20 million dollars, 15 per cent higher than 1955. That is the prediction made by Harold J.

Eckhardt, vice president of the Eckardt division of Allied Paper corporation. Produces 75 Per Cent The Eckardt division, with plants in North Bergen and Irvington, N. estimates it 47th Street Ashland Avenue YArds 7-7O0O SINCE 1383 Grain future prices closed mostly higher yesterday in a trade which started slowly but picked up speed later on the Chicago Board of Trade. The board closed at noon because of the holiday and volume was well under that of a normal day. Wheat closed 8 to cent a bushel higher, corn to 1 SMILIN' JACK THAMES ToYoV, SErJORA I I "777w 1 THAMUS To YOU, SEMOR PoMAMOR, FOR RESCUIM3 OUK PAUGHTcK higher, J4 higher, oats to produces about 75 per cnt of rye unchanged to 'z higher, higher.

soybeans Va to fancier shapes are made by hand in Europe. He said the only potential threat to the industry comes from the subsidized iron curtain firms, particularly Poland. the more than 200- million American made ornaments sold in both domestic and foreign markets in 1956. Greetings CHICAGO LIVE STOCK This department wishes its readers, contributors, and cor-rpsnnnripTits a Merrv Christ Eckardt pointed out that the Christmas tree ornament business is a relative newcomer to the United States. Almost all of the ornaments made before 1939 came from Germany.

Americanization of the industry has led to its mechanization, Eckardt remarked. The German ornaments were almost all handmade, manufactured by German families. Comparative Price per 100 Pound HOGS Receipts, shipments, 3,000. Bulk of sales A. Month ago 14.25-16.25 Year ago 9.75-11.73 Top yesterday.

$18.25: average, $16.80. CATTLE Receipts, 17.000; shipments, 5.500. Bulk of sales Month ago 21.00-25.50 Year ago 18.50-22.00 Top yesterday, average, $22.00. SHEEP Receipts, shipments. 1,000.

Bulk of sales Month ago 18.75-20.75 Year ago 18.50-19.00 Top yesterday, average, $20.25. Receipts included 100 hogs, direct to packers. mas in the name of all the men who have served as financial editor since, 1872. This is only fair inasmuch as the mails of the last few days have been laden with letters and greetings addressed to everyone who has served as financial editor since 1872. CHRISTMAS, 1 BOARD OF TRADE FUTURES DIVIDENDS DECLARED IMonflay.

Dtc. 24, Grains, dollm pr bushel: Urd nd soybean oil, dollart per 100 pounds; soybean meal, dollars per ton Whet Season range tji.k nn Prev. close Yr. tso High Low LBiack lace type Indicates special action. Stock of Stock, rate, period Payable record Kropp Forge.

5c Jan 21 Jan 10 Pyle National, 30c tpecial.Pea 31 De 21 Whiting Corp, 37c )15 Jan 2 cj Quarterly. 2.40". 2.414 2.404 2.41, 2.40?,-2.41 2.45 2.06V, 2.36A-2.383 2.37 2.364 2.37 2.36V2.S6", i 4 i 2.34 2.12V 2 24 2.274 2.2V4 3.27V4-2.27 2.262.26i 2.352.26 2.29 2.28Vi-2.28 2.28', 2.29V4 2.28V Cfim 1.35i 1.34V4 X.35-1.35V, 1.34H-1.34H 1.37irl.37'i 1.38 1.37"4 18H 1.37-1.37?, 1.39,1.41 1.39', 141 140" 1.36' 1.37 1.36'i 1.374-1.37 ,1.36.. 1.51 1.51 1.52 1.48 2 .82 .77 .77 CHICAGO CASH MARKETS BUTTER Steady. No receipts.

Wholesale buying prices unchanged. 93 score AA. 59.25c per lb: grade 92 score. 59.25c; grade B. 90 score, 58.75c; grade C.

85 score, 57.50c; cars. 90 score, 59.25c: grade 89 score, 58c. EGGS Steady; no receipts: wholesale buying prices unchanged; 65 or better A s. white, 32.50c a dozen; mixed, 32.50c: mediums, 27.50c; standards, 29c; dirties, 27.50c; checks, 26.50; current receipts, 29. LARD Cash, 14.00c pound today.

Loose. $12.87 per 100 lbs. .68 .73 .69 .70 .77 .75 .70 .71 .77 .76 .70 .71 .77 .7 5 .70 .71 -77V, .75 .70 .71 .77 .761, .70 .71 Bye 1.66 1.23 1.68 1.41 1.49 1.49-1.49 1.50 1.50-1.50 1.49 1.48 1.50 1.80 1.50 1.4S 1.48 1.47 1.48 1.481.4 1.48 1.60 1.41 1.48 1.48 1.48 1.48 142 1.48 MERCANTILE FUTURES Sorbeans 2 2 48 2.47 2.48 2.47-2.48 2.51-2.51 2.52 2.50 2.51-2.S1 3.504-2.51 onions, dollars Harch Kay July Sept. March flay Jury Sept. March May July Sept.

March May July Sept. Jan. March Sept. Jan. March May July Sept.

Dec. July Aug. Sept. JM. March Mf.y juiy 2.70 2.34 2.68 2.37 2.66 2.43 2.54 2.37 fEggs, cents per dozen; per 50 pound sack.

I Egr 2.49. 2.91'4 2.4M4 J.H-4-J.OU 2.41 2.411. 2.421. 2.41 2.42 10.90 10.90 10.99 10.90 11.86 14.36 14.01 13.68 13.49 12.92 trade Soybean OH 13.75-13.76 13.88 13.69 13.86 13.14-13.13 13.20 13.06 13.14-13.15 12.86 12.90 12.80 12.86 12 54 12.54 12.45 12.47 13.14 12.14 12.09 12.10-12.13 Soybean Meal Open High Low Close close January 29.20 29.35 29.15 29.23 29.25 September 38.85 38.90 38.75 38.7538.80 October 38.95 38.95 38.95 38.93 38.90 Onions January .93 .94 .93 .94 .93 February 1.09 1.06 March 1.18 1.18 1.17 1.17 1.17 13 67 13.08-13.09 12.83-12.84 12.49 12.11-12.14 46.00-46.05 52.25 44 45 45.90 46.20 45.90 46.00-48.10 43.90 53.75 44.85 53.75 45.85 45.80 46.10 .45.80 46.83 46.85 46.85 46.90 48.90 48.80 48.00-46 20 46.70-46.85 46.80 47.00-47.10 46.75-46,80 46.75 46.80-46.95 awn 45.80-46.00 '43. 80-46.

00 a ED Lard 49.90 46.10 49.45 46.25 49.25 45.40 15 60 12.00 15.95 12.22 15.50 13.60 15.47 14.00 14.30 14 22 14.39 14.42 14 42 14.25 14.37 1440 14.42 14.30 14.25 14.35 14.27 14.40 14.37 14.42 14.30 Bid. Holiday. WITH LIFE INSURANCE AT NO COST TO YOU MINNEAPOLIS FLOUR "MINNEAPOLIS. Dec. 24 TAP Flour In 100 pcund cotton sacks: Family patents 'trnchad at standard patents 5 cents lower at $6.30.

Shipments, 70,060 THE AILYS 7 This 1 I '71 CHRISTMAS, M'rmL foKAy- i'm going TtTEr) 19 M' s-- EVERYBOPY lill THE AUTOMATIC TIAA'EI? llfeV' "'-f vyr HTF -f'mm- i iBLchwfi i xt tr-w' Tsar Haul anything day or night Rent Chevrolet or other sturdy truck HERTZ TRUCK RENTAL Everything furnished but the driver FOR INFORMATION AND RESERVATIONS CaH AUstin 7-1431 Truck Available All Over Chicago North 8ld: 34.10 N. Broadway LI S-5019 Downtown: 9 W. Klnzie 8u DE 7-7271 West Sid: 461S West End At. 10 7-1431 Stirth Sid: 1367 8. Mill! St, TA -R69 $424 Wabash At.

VI $-1771 61S W. 41 it 8t CL 4-3155 (400 8. Wntwortb A'. WE MORTGAGES Industrial (tasldantial HO MEDICAL EXAMINATION ComfructiM Kafinanclnsj MILTON 0. KRENSKYahd co.

N. La Sail tach Depositor Insursd Up to $10,000 by th Federal Deposit InturenceCorp..