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A-10 THE EVENING STAR . I Washington, D. C., Thuriday, December 31, 1959 | Business Food Town Gets More Reorganization Time By WILLIAM A. MILLEN Star Staff Writer The time for filing a reorganization plan for Food Town. Inc., operator of 15 supermarkets m the Washington area, due to expire tomorrow, has been extended to March 31. Samuel Greenbaum, attorney for the general unsecured creditors committee, organized in Washington, said Federal District Court Judge W. Calvin Chestnut in Baltimore has authorized the extension, Mr. Greenbaum said the auditors final report is due January 15. Meanwhile, four offers to buy the assets of the company are pending before the trustees —Fred T. Goodfellow. Food Town president, and George J. Lochner of Baltimi re, secre tary of the Baltimore Associa tion of Credit Men. Mr. Green baum said these are from the Kroger Co.. Cincinnati, Food Fair of Philadelphia. American Stores Co., Philadelphia and Greenbelt Consumer Services here. Mr. Greenbaum said Grand Union is expected to submit an offer later, having expressed Interest in acquiring the prop erty. No concrete reorganization plan for the company has yet evolved, but in view of the additional time given, it is an ticipated that one will be forth coming, Mr. Greenbaum as serted. In July, a petition for volun tary reorganization was filed in Baltimore Federal Court. Judge Chestnut permitted the firm to continue operation under a trusteeship. Assets were listed at $3,073,143 and deficits as $480,718. Creditors offered no objection to continuance of store operations, pending pre sentation of a reorganization plan, which would be approved by the court. Meanwhile, Food Town, Inc., is doing business as usual. Horace F. Stokes Retires: 40 Years at A. S. & T. The American Security & Trust Co. announced the re tirement today of Horace F. Stokes, vice president, follow ing 40 years of banking here. He will join Haynes Litho graph Co. as financial officer after the first of the year. He has taken an active part in affairs of the District of Co lumbia Bankers Association and the Washington Board of Trade. He is a member of the Masons and Shrine, the Lions Club and the Columbia Coun try Club. D. Leroy Herndon Retires From Woodward & Lothrop D. Leroy Herndon, display manager for Woodward & Lothrop. announced his retire ment tomorrow, bringing to a close service totaling 44 years. The store received national rec ognition a number of times for MUTUAL FUNDS NEW YORK, Dec. 31 (*f).-HltiiM| *e igciatiia Securities Dealers, lac. Bid Asked Bid Asked Aberdeea Fd 2.24 2.46 lesur Fuad 12 Id 13 IS Affiliated Fd 746 1.08 latl Res Fd 5.17 5.65 Am Busi Skr 4.14 4.42 Inv Ce Am 11.65 11.64 Am lav Fd 15.21 15.21 lavst 7r Bs 11.85 12.55 Am Mutl Fd 32010 05 lee Res 12.2713.34 Am Rs De 39 00 42.25 Istel Fuad 31.86 32.50 AsscFdTr 1.11 1.77 •Jhnste Mu 24.30 24.30 AtoaiDeMu 5.40 5.90 KEYSTONE AaeHitnA 5.63 6.12 Oust B1 23 '0 24.11 A«e H|te B 8.56 9.30 Cust B 2 21.48 23.42 Aa Htte Stk 4.27 4.67 Just B 3 15.7117.20 Axe Sci El 12.35 13 42 Cost 51 19.65 21.44 AaeTmCa 799 8.73 Cust 52 11.91 13 00 Blue RMu 12.79 13 90 Kaickrtr Fd 6.62 7.26 BostenFd 17.74 19.18 Keiclrbk Or 6.62 7.25 ■rN St Inv 12.88 13.92 laiard Fd 17.35 18.25 Bullack Fd 13.31 14 59 Lexjte Yr 11.53 12 60 Calif Fund 7.22 789 Lenta Vt 13 95 15.25 Can Gen Fd 14.28 15.44 Lift In lav 18 42 20.13 Canada Fd 17.44 18.87 Life In Stk 6.48 706 Caa let Grtn 10.06 10.99 Lm Sy Ca 25.63 25.63 CentyShTr 9.47 10.24 -Loomis Sy 44.31 44.31 Chse Fd Bs 14.35 15.68 MANAG FUND Colonl Ea 12 85 14 04 Electric 312 Coinal Fd 10.62 11.53 Gen Indus 3.97 Comw lac 9.04 9.83 Metal 265 Comw lav 9.66 10.50 paper 3.11 Comw Stk 15.80 17.17 petrel 228 Com BASF 18.65 20.27 Special 4.20 Comp Fd 16.49 17 92 Trans 263 Coned Fd 14.92 16 13 Mas Inv Tr 14.13 5.28 Cons Inv Tr 19.00 20.50 Mas Inv Gr 14.3815.55 Cp Load 21.57 23 50 Mas Iff Fd 21 27 22.99 Cm W In De 7.49 8.19 Minn Fd 8.12 888 Delo Fd 12.16 13.37 Missile It 12 85 14.04 Dela Inc 9 99 10 94 MIF 16 20 17.52 devegk lev 18.46 18.65 Mut Inv Fd 988 10.84 de Vgh Mtl 74.00 78 75 -Mutl Skrs 13 98 13.98 Otvrs Gr Stk 99 5 1 0.90 Mutual Tr 350 3.80 Divrs Inv Fd 899 9.85 Na-Wde Sc 19 58 21.18 DivrsTrE 22 18 25.00 Natl Inv 13 38 14.46 Divid Skrs 304 3.33 rai SEC SER: Breyfs Fd 15.11 16.42 Balan 10.91 11.92 Eatn Hw Bl 22 82 24.39 Bond 560 612 Etn Hw Stk 24 76 26 47 oiv 4.17 4.58 Electrn Inv 796 8.70 fret Stk 786 8.59 Energy Fd 20.93 21.14 | nCo me 633 6.92 Euro Fd 16 75 18 00 stock 8909 7 3 Equity Fund 023 853 Growth 8.98 9.81 Fidelity C 12.9814.11 N Eng Fd 101611.63 Fidity Fd 16.77 18 13 NY Cap Cn 13 08 '4.08 Fiduc Mut 17.35 18 76 NCE Shrs 13.92 15.21 FIF 4.51 4.93 Oppen Fd '0 95 11.23 FUGrwth 560 6.12 One Wm St 14 00 15.14 Fla Mutl 2.87 2.70 Penn So 14 98 14.98 Fndrs Mutl 11.13 12.10 People Sec 16 80 18.41 FrakCs Cm 11 86 13 03 Philo Fad 10 55 11 50 FmkCsPf 564 622 Pine St Fd 12.1112.23 Fundmi Inv 991 10.86 p; O n Fd 885 9.62 Genl Cao 17.87 19.10 Pre TR Gr 13.49 13.63 Cea In T 7.18 780 Puritan Fd 816 8.82 GROUP SEC: Putnam Ceo 1479 15.55 Automob 10.62 11.63 Putm Grth 18.78 20 41 Aviatn 92810 17 Quart Dipt 7.25 7.88 Building 660 7.24 Scud Fd Cn 12 97 '4.02 CapGrth 7.12 7.81 -Scd St Cl 1915'9.15 Chemical 14 20 ’5 54 Sc SC Cm 968 968 Com Stk 12 67 13 87 Sei J,, Sh 10.33 I'lB Food 6.58 7.22 Shrhd Tr 118112.91 Fully Adm 9.26'0.15 Smth Ed 8 16.73 18 33 Gen Bond 6.81 7.47 Sowest lav 13 5114.61 Indst Meh 7.63 836 s o> n Inv 14.76 16.16 Inst Bond 7.63 795 State St In 38 64 40 64 Marchand 13.60 14 89 -stn RF Fd 38 54 28.54 Mining 6.54 7.17 St RiF Stk 28 85 29.14 Petrol 10.11 11.08 Strl In Fd 12.10 12 80 RR Bond 2.11 2.33 Telev El Fd 16 25 17.71 RR Equip 6.12 6.71 y H as Fund 9.77 10.68 RR Steck 963 10.55 Twa US let 7.15 783 Steel 11.19 12.26 Twnfy C Gth 620 678 Tobacco 7.73 847 unit Ac Fd 12 77 13.88 Utilities 13.70 11.72 Unit Cut Fd 789 867 GthlnShr 26.07 20 67 Unit Inc Fd 11.12 12.09 GrdnMut 19 29 19 88 Unit Sc, Fd 14 74 16.11 Hamil HC7 5.30 5.79 unit Fd Ce 18 49 17.92 -Hydck Fd 26.44 26 44 val Line Fd 7.17 784 Incom Found 260 2.85 Val Ln In FN 555 607 Incm Fd Bos 0.13 8.89 val Ln So St 406 4 44 Incerp lac 92010 85 Will St la 826 903 Incarp lev 10 08 10.90 wsh Mu In 10 56 11 54 INSTITUTIONS: | w-liy Ee 12 87 1 3.99 Bank Fund 13.56 14 83 Weilgn Fd 14.15 15J2 Found Fd 10 82 11.83 Whitehl Fd 12 61 13 63 Gnvth Fd 11 65 12.75 WiscnFd 642 6.94 Income Fd 6.55 7.17 'Net asset value. i, S 1 1 vfcLk F ML ■ D. LEROY HERNDON 1 > * , excellence in the retailing dis ( play field and Mr. Herndon has I received a number of awards. Mr. Herndon will become ’ manager of the Tenth Anni , versary National Capital Flower and Garden Show, sponsored ( annually by the Allied Florists , of Greater Washington. He joined Woodward & Loth . top in October, 1915, as a mem ' ber of the display department. He is a charter member of tthe Visual Merchandising Group of the National Retail Merchants . Association and served as a di rector from 1955 through 1958. In World War I. he served in the Army's aviation. Car Sales in Area Far Ahead of 1958 New passenger car sales in the Washington Metropolitan ! Area ran well ahead of a year ago in both October and the . first 10 months of 1959, re ported Maurice J. Murphy, executive vice president. Auto motive Trade Association, Na-j tional Capital Area The 10 months total rose to 67,173 from 52.103 in the same 1958 period. October unit sales t jumped to 7.342 in contrast to 4,465 in October last year. Sales of new commercial vehicles in the area also ex -1 panded to 5.323 units in the • 10 months from 3.600 a year ; earlier. October commercial sales totaled 449 vs. 303 in the . same 1958 month. December Clearings Up. . Year's Total Shows Drop William N. Cradlin, manager of the Washington Clearing [ House Association, today dis- • closed that bank clearings here i increased 3 8 per cent this s month over December. 1958. 1 The totals: December. 1959. ! $657,660,083. and December, 1958. $633,369,302. i For the year. Mr. Cradlin I said, the total was $7,261,285,- 1 703 contrasted with 1958's J $7,299,223,124. This was a drop ■ of .0052 per cent. > Mr. Cradlin pointed out that i the volume representing total 1 dollar amounts through the [ clearing house, due to cohsoli i dation and merger of banks here, did not show the same totals as last year. Liquor Retailers Plan Co-Ordinating Group Seeking better co-ordination and improvement of advertis ing and sales practices, some i 30 retail liquor dealers of the i Washington area are planning 1 a new group. Samuel Eisen -1 berg of Pearson's Liquors, said the group will be known as “The Progressive Discount i Liquor Stores, Inc.” A luncheon meeting is ■ planned late next month to discuss further plans. The pro gram involves regular semi monthly meetings to discuss i mutual problems and new ideas; quarterly training sem inars for store employes; an annual convention for owners and employes and an adver tising program. William E. Monan Named Banking Magazine Ad Chief William E. Mohan has been named advertising manager of Banking Magazine, journal of the American Bankers Associa tion. In his announcement Exec utive Vice President Merle E. Selecman said William P. i Cooley has been appointed as sistant advertising manager. Mr. Mohan has been assistant 1 advertising manager since 1956. i Furniture Sales Gain i In Washington Area i The Federal Reserve Bank of Richmond reports retail fur i niture sales in the Washington i Metropolitan Area have gone up [ 1 per cent in the last 11 months, , compared with a year ago. i Furniture departments of i department stores, as well as J furniture stores, figure in the , compilation. i i Drug Fair’s directors an i nounced a regular quarterly ' dividend of 10 cents a share, J payable January 31 to share i holders of record January 8. President Milton L. Elsberg announced. Drug Fair operates K ■ / I C&P to Spend $3.8 Million for Construction An appropriation of more thffn $3.8 million, made yester day by the directors of the Chesapeake & Potomac Tele phone Co., will be spent In the first quarter of the new year on projects needed to meet the continuing demand for tele phone service. H. Holmes Vogel, vice presi dent, said during 1959 more than $l7 million was spent on I new construction in the District area. Operating expenses, includ ing taxes, totaled $4,596,905 in November, against $4,322,088 for November. 1958. Mr. Vogel announced. He said operating revenues totaled $5,297,848. against $4,966,885 for the cor responding month last year. Net income for the year ended November 30 totaled $7,542,803. contrasted with $7,144,038 for the prior year. Investment in telephone plant increased from $165,116,748 to $174,594,508. At the end of November telephones in service in the District totaled 617,649. an in crease of 22,718 over the same month last year. Mrs. Young Quits Alleghany Post NEW YORK. Dec. 31 (API— ' Mrs. Robert R. Young has broken with Allan P. Kirby, i the financier who teamed with : her late husband to achieve control of a vast corporate em- ' pire in an association lasting ' many years. The break came yesterday ] when Mrs. Young resigned as , a director of the Alleghany ■ Corp. Alleghany controls the New York Central Railroad and , [Other enterprises. Mr. Young was chairman of both Alleghany and the rail- ( road when he committed sui cide in January. 1958. Mr , Kirby, president of Alleghany,; also has served as chairman ■since Mr. Young's death. a chain of 39 stores In the , i Washington area. A. S. Johnson Co., described as the oldest mechanical engi- ' neering and contracting estab lishment in the Washington ' area, has named Kai, Ehrlich A | Merrick. Inc., to handle its advertising. Harry L. Merrick, j jr„ is the advertising firm s ’ account executive for the John- i son company. President Arthur j H. Johnson of the firm, which f has headquarters at 1240 Ninth 1 street N.W., made the an- 1 ncuncement. ] | ,j u r 32 ' '"h i I ■■ -Ml S • f-- y ‘ » ■ :■■ HAPPY NEW YEAR wMW If ■' : --• W' I A 1 . A, v ' ’ As we welcome another New Year, > v we w *’** *° express our thanks to all of / % ! our cus,omer » "ho helped make 1959 7' jefe* ■ i; ?«. , a record-breaking year. December sales • also reached an all-time high. • / 9 = 1 Woodward & Lothrop, Washington’s / I ’ X ."» ' own Store, firmly believes in progress; \ one our oa ’ s being continued growth. * ■■ e l°°k f orwar d > n early 1960 to the ■ I' opening of our new Wheaton Plaza " * Store. i With sincere appreciation of your loyalty t and patronage, we extend our best wishes ■ • \ r >. / ; Area Construction Seen Topping $5OO Million Construction, both private and public, in the Washington Metropolitan Area for 1959 promises to top $5OO million according to present indica tions. The Census Bureau, Com merce Department, today said that for the first 11 months of 1959 all building construction here totaled $422,878,000. This compares with $370,235,000 for jthe first 11 months of 1958. For the District alone, con struction for the period totaled $64,596,000 against $77,593,000 : for the corresponding 1958 period. For the first 11 months of phis year, total construction in 1 the various nearby areas follows: Montgomery County. Md.. $110,643,000; Prince. Georges County. Md.. $86,569,000; Alex andria. Va . $12,957,000; Arling ton County, Va., $46,477,000;; Big Gain Cited l By Southern Oxygen Co. Southern Oxygen Co., Bla densburg, Md., reported dur in gthe fiscal year ending Sep tember 30. total net earnings after taxes were $329,783, a 62.17 per cent increase over last year. This was $2.34 per share against $1.45 per share for the 1958 period. Stockholders were told to day in the annual report that net sales totaled $10,571,716, an 18 per cent jump over last year. President R. B. Swope and R. P. McMillan, vice president and general manager, said: “We were able to maintain a satisfactory sales volume throughout the recent steel: strike.” j “Our enlarged modern man ufacturing and distribution fa- 1 cilities should reflect increased [Sales and profits in a growing economy.” the report asserted i FOREIGN EXCH'GE NEW YORK. Dec. 31 (AP»—Foreign exchange rates ‘Great Britain in dollars, others In cent sand decimals of a cent): ' . Toaay Prev Day Canada in N Y. <free» 105 00 105.1093 EUROPE Great Britain • pound • 2.R000 2 7995 ' 30-day futures 2 soil tio-day futures 2 N 029 2.n«»25 !H»-day futures 2.N043 2 NO3N Belgium ‘franc• 2.0030 2 oo°s France ‘franc* .2038 .2038 Germany 'Western* ‘deutscMe mark* 23.9825 23 9850 Holland ‘guilder* 20 5250 20 5250 Italy (lira* .1025 1H25 Portugal ‘escudo) 3 50 350 Sweden ‘krona * 19.32 19 32 Switzerland • franc* ‘free* 23 15 23 15 Denmark (krone) 14 50 14 50 FAR EAST Hong Kong dollar 17.55 17 55 ■ Fairfax County, Va . $98,327,000, 1 and Falls Church, Va„ $3,309,- * 000. 1 In the Washington area. ■ there were 24.038 new dwell ing units for the 11-month period with a total valuation of [ $257,671,000. New dwelling units and total ‘ valuation for the various areas ! follow: District of Columbia, 1,317 and $8,417,000; Mont gomery County, 6.246 and $69.- , 021,000; Prince Georges County. ( 6.326 and $61,476,000; Alexan l dria, 882 and $6,825,000; Ar lington County. 3,900 and $36,- : 547,000; Fairfax County, 5,253 and $74,213,000, and Falls : Church, 114 and $1,171,000. t Building construction author . ized by Federal contract awards : in the Washington Metropol itan Area for the first 10 months of this year totaled $69,672,000, | the report showed. Trade at Retail Shows Good Gain NEW YORK. Dec. 31 (AP> Retail trade in the week ended yesterday registered an appre ciable gain over a year ago as a result of heavy shopping the day before Christmas and good response to post-Christmas sales. Dun & Bradstreet, Inc., re ported dollar volume was 4 to 8 per cent higher than a year ago. Principal year-to-year gains . occurred in women’s apparel, . furniture, television sets, house wares and linens. On the day before Christmas ; the biggest increases were in i women's fashion accessories, . lingerie, sportswear and girls’ I merchandise. Best post-Christ . mas sellers were women’s dresses, cloth coats and suits, i Increases in men's apparel 1 over a year ago were moderate. I Household goods volume was considerably higher than last' f year. Sales of new passenger cars rose moderately from a week earlier as dealer stocks ex i panded. i j OVER COUNTER Washington listings on over-the counter markets furnished bv the Na tional Association of Securities Dealers as of 1 p m Thursday. December 31 Bio Asked Amer Security Ac Trust 62 6rt * American Invest 3% 4« e i Consumers Invest 5.16 5 51 i Drug Fair jH» t 18 Giant Food Prop 2 Govt Employees Tnsur 130 137 , Govt Employees Lif< Ins »»<* H 5 Govt Employees Corp 35 41 Hot*Shoppes Inc 37*4 41% Inti Bank of Wash 9 3 4 ; Metropolitan Broadcast 17 s . 18% Pepsi Cola of Wash 4 1 . 5% Peoples Life Insur 40 44 State Loan 22V< 24*'< Suburban Trust H 4 C E I R 27 32 Atlantic Research 45 47 Automation 13.90 15 26 First Virginia Corp 4*. 4 s . Giant Food Inc 15% 1«% Servonks 10*/< 11% Union Trust 47 49 1 Jack L. Ashby, president I of the Kaiser Steel Corp., > expects in 1960 to produce 55 per cent more steel than in any previous year 1 in the firm’s history, with 2.5 million ingot tons. Federal Disputes Guardian's 'First' Announcement that the Guardian Federal Savings and Loan Association plans to ’ launch a bonus savings plan, believed new in this area, today ’ brought from the First Fed ’ eral Savings & Loan Asso ' elation of Washington a state ment this is old stuff with 1 them. Under the plan, savers could get up to 5 per cent interest, I if they save consistently, don't withdraw their money, put in cash over a given term of years. ; and interest rates do not slump. "For many years, First Fed eral has had bonus savings ac counts.” said E. M. Grinder, . First Federal's public relations manager. "As recently as 1957 and 1958 wc had extensive /advertising campaigns on this type of account, slanting the appeal to college tuition funds ' and referring to planned sav i ings. The Star carried its share of these promotions, and it was a feature of advertising in the ' i Back to School supplements. Guardian Federal was aware of this.” TREASURY BONDS I j NEW YORK. Dec. 31 (AP).~Yester- I c» a ;\ * over-the-counter United i States Government Treasury bonds Net „ B ‘<* Asked Chi. Yld ' St 4 * 97 M W + 1 455 •?i ,S 95 ,6 95 - 2 * 3.55 ?! 96.14 96.18 +.J 4.M I : 14-59 June : g ';2 .s 62-59 Dec 92,26 eZM-J t«5 21-28 63 . 91.12 91.16 +.2 5.10 1 M 92 14 92 18 4-.4 5.02 ' 89 1 99 12 +- 2 5.01 i 3s 66 RO 6 90 10 472 ' Ei? — 95 4 85.i11 k 68-€3 82 24 83 488 •2%s 69-64 June 82 82 8 4 M J’ 69 94 8 94 16 471 •2%S 69-64 Dec 81 24 82 479 2 - s ™«5 80.28 81.4 / 4.87 : 2 ” ’** , W n 00.20 4.74 1 2S K'S i Une 79 2a 80 4 +.4 4.62 J 2 -« 72 -«2 SfPl 79.12 79 20 4.63 : I?/ 7 Dec 79.26 80.2 +.l 4.55 ! !2*L> 74 92 22 92.30 —.6 4.53 ,■*,«’ ?3-78 83 83.8 —.12 4.39 *5 85 83.8 —.B 4.34 9, 24 «5 -4 4.40 •3s 95 79 24 80 -.8 4.80 Pncea quoted in dollars and thirty seconds. ’Subject to Federal taxes but sot to State income taxes. PROTECTING YOUR DOLLAR By LOUIS 1. LEFKOWITZ Attorner General at New York Subttitutinf for Sylvia fotter, Who It on Vacation , Door-to-Door Salesmen One of the greatest annoy-1 ances that the American house wife must face almost daily is the door-to-door salesman. Equipped with every gimmick and dodge in the book, armies of these itinerant pitchmen visit nearly every community in America to sell merchandise ranging from vacuum cleaners to hair oil. These salesmen gain an en trance to the home under var ious guises. Although some of them make the direct "hard sell” approach, many get a foot in your door by representing themselves as television rating checkers, plumbing and electri cal inspectors, firemen and even agents for reputable companies One vicious scheme has been perpetrated by salesmen repre senting themselves as firemen conducting a survey of homes to determine if they have ade quate fire protection. After making a survey of the house from cellar to attic, the alleged "fireman” describes the house as a “fire trap” and recom mends that a fire alarm system be installed, Then, it just so happens that he is in a posi tion to recommend the exact type of system. In fact, he can take an order if the house holder falls for the story. Example Is Offered While the vacuum cleaner pitchman—not to be confused with honest salesmen from a reputable company—is a par ticularly übiquitous door-to door variety, there are still thousands of housewives who fall victim to his glib sales talk every year. Last month a, number of housewives on Long Island complained that they had un wittingly signed contracts for the purchase of vacuum clean ers thinking that they had only signed an “on approval” receipt. A new vacuum cleaner would be left In the home and the old machine removed for re- Ipair. The housewife was in duced to sign a "receipt” sup posedly entitling her to use the new machine while the re pairs were being made. Papers on file In court allege that the “receipt” was a contract oblig ating her to pay $250 for the new cleaner. This is a variation of the “on approval receipt” racket which is the stock in trade of some door-to-door salesmen who leave unordered merchan dise with the promise they will return if it is not wanted. The salesman rarely, if ever, comes back, and the housewife finds herself obligated to pay for the j article. A new angle has been devel oped by some of these operators. To enforce collection of the money due they will immedi ately turn over the contract to a finance company which will enforce payment. This "third party” will obtain payment by legal action if necessary. The finance company is not con cerned with the manner in which the goods were sold or whether the customer is satis fied. Forced to Pay Where the financing agency can prove that it is “holder in due course” it can legally force the purchaser of the merchan dise to pay the amount in full. We have charged, however, m some cases that the seller of the goods and the finance com pany acted in collusion with full knowledge of all the facts. As has been emphasized over and over in these columns, in the final sense, the only one who can protect you is you yourself. The fringe racketeer ing element in the door-to-door selling field is as much resented by the vast majority of honest salesmen as by the victim. Know that the fringe exists. Be suspicious of the high pressure pitchman, particularly the one who uses the ap proaches indicated here. Your own knowledge that the swin dlers exist will be a great weapon against them. Sunday: Savings Insurance. (Distributed 1959 by The Hell Syndicate. Inc. All Rlthu Reserved. I CHICAGO LIVESTOCK CHICAGO. Dec 31 <AP* The butcher hog market ended the year today at its lowest peak price in almost four years. The supply of R.ooo head for the pre-holiday trade was unex pectedly large and 3,OO(» more tnan the overnight estimate. The market was 25 to 50 cents lower The too of *l*2 50. paid for a small lot of 215 lb strictly No 1 grade, was the lowest peak since the same price was paid on March 5. 1950 Summary of the Market ‘USDA* Hogs N.voo: trading slow, shippers fairly active, butchers under 220 lbs 25 to 50 lower: weights over 220 lbs fully 2.5 lower: sows steady: mixed grade 2-3 190-220 lb butchers 1 1 .25- 11.75; mixed 1-2 a.nd 2s 190-215 lbs 11.75- 25; 30 head mostly is 205 lbs 12.35; 46 head is 215 lbs sorted for weight and grade 12.50; mixed 2-3 and is. 2« and 3s 220-240 lbs 11.00-11.75; 11.75; mixed 2-3 240-200 ibs :0.75- 11.25; mixed 2-3 and 3s 26<»-280 lbs 11.25-10.75: 3s 280-300 lbs 9 75- 10 25: mixed 1-3 330-400 lb sows 9 00-10.00. mixed 2-3 400-550 lbs 8.50-9,25 Cattle 5OO: calves 100; small re ceipts predominately cows with balance largely small lots slaughter steers and heifers: steers and heifers steady cows opened steady, but later sales weak; ; bulls strong to 50 higher; vealers steady; a few good and choice Pso -1.200 lb steers 23 50-25-75 a few good heifers 23 00-23.75 including a load 998 lbs at 23.00; a lea utility Holstein heifers 17.00; utility and com mercial cows 15 00-17.25: canners and cutters 13.50-17 00: utility and com mercial bulls 20 50-22 50: standard and Rood vealers 22 00-28 00; a few choice to 3O.OO: cull down to 12.00. Sheep 1.500: moderately active* slaughter lambs steady to 25 higher: sheep steady to 50 higher several loads and decks good to mostly choice 95-109 lb fed wooled Western lambs 18.75- a load 106 lbs at 19 25 carrying a prime end: a few lots good an dchoice wooled native lambs 17.50- 18.50: utility grades down to 14 50; cull to choice slaughter ewes 4.00-6 (K>; shorn lambs absent