Indianapolis Times, Indianapolis, Marion County, 2 April 1937 — Page 30

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"PAGE 30

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COMPLETE NEW YORK STOCKS

~ STOCK LIST STEADY ~ AFTER EARLY DROP;

~ DURABLES HARD HIT

Severe ~ Shakeout Is Due to President's Statement.

oy f

Net High. Low. Last. Change.

3eth Steel 3law-Knox 3oeing Air Jorden .jorg-Warner .. 3dgept Brass . 1 riggs Mfg ... 48 Sklyn-M

eg gd

| Shad Wheel os 3ulova W Burroughs .... | Butler Bros ... | Butte Cop

CDH DIDI SID WO DS

> NR

Call Zing J... Calumet & H .. Canada Dry ... Can Pacific

J. Noes

1,1

2 1

N Net, High. Low. Last. Change. 26 18% 151% 62 19

Kan C Sou |.... Kelsey-Hayes A | Kelsey-Hayes B | Kennecott, . Keystone Stl . Kresge S S ....

26 1812 15% 61%, 19

247%

6 81 15Y2 . 62% 19 75

Lee Rub 2.26 26 Leh Val RR ... = 20% 20% 9 fen So Fink ... 19% 19% Cased He 12 70 & My ..102 102 102 51 79 31% 67% Long Bell A :.. 83 93 Lorillard .. 23% 23% Lou G & E A

Ler

McCrory . 9 McKess & R ... 1 Moet SracH WE oe M 5

| Mullins Mfg i | Murray

Nash-Kelv N Aviation

Barvst Diss

No" Pacific ... .1319 | Norwalk T

1h cess

Blind 2 mnibus | Otis Steel ..... 21% vee Penn} Pac Am _ Fish. 30%:

Pac G & El Pacific. Ltg ....

Park tan . Parke Davis ...

Patino Mines .. 1 Peerless Penney Penn D Cen ... Penn av Peoples Gas Pere Mat

Pet C Am .... Pfeiffer-Brew .r Ph Rea

Press Stl 2d pt Proctor & G.... 5 Pure: Qil | purity Bak ....

| Radio-K-Or ., Rem-Rand . | Reo Mot li. 8 epublic Stl .. 44ls } 3 BenuStl pt... 116 Bal

FEDERAL BONDS RALLY, RECEIVE ACTIVE SUPPORT

Low-Coupon Treasury

Funds in Demand; Domestics Are W Weaker.

By United Press . NEW YORK, April 2—U. S. Government bonds rallied under active support today and recovered as much as 14-32 from the lows: in early trading. Low-coupon Treasury funds were in demand. The 23: of 1951-54 rose to 98 18-32 up 2-32, and the 2%s of 1949-53 were well supported at 96 17-32 up 11-32 from the low for a net loss of 7-32 point. Home Owners Loan 3s of 1952 were firm at 100. Domestic corporate bonds weak« ened. Republic Steel Convertible 4% s of 1950 and Youngstown Shtet & Tube convertible 3%s of 1951 eased. Losses in New York Central issues and Pennsylvania 3's of 1952, when issued, featured a decline in highgrade rails. Central R. R. of New Jersey 5s of 1987 and Illinois Central 5s of 1955 led the speculative group lower, Weakness in German and South American funds marked foreign } trading. .

Curb Stocks Move In

Narrow Range

By United Press NEW YORK, jil ~~ 2—Curb stocks moved oa today, a few selected issues strengthening. Merritt-Chapman & Scott preferred advanced 3% to 69 and the common gained 7 to 8%. Brown Co. preferred rose. 3 points to 66 while Aluminum, Ltd., dipped 1% to 128% and Aluminum Co. of America declined almost a point to 16734. National’ Rubber Machinery and New Jersey Zinc firmed but Fisk Rubber, Wayne Pump and Eagle Picher were easier. Hecla Mining dipped 1 to 20, Con-

: i solidated Copper Mines 3: to 1034

as Hudson Bay gained 9% to 37% and Lake Shore 4 to 561. Shattuck Denn and Sunshine were unchanged. Internationdl Hydro Electric preferred featured utilities at 36, up 1.

Le s | Electric Bond & Share at 207; and Raybestos_ } ; va |

Cities Service at 41% dipped !5 each.

, | Arkansas Natural Gas gained a like * | amount to 10%:

_ THE INDIANAPOLIS TIMES

‘imes Financial and Market Page

app

N.Y Bonds

DAILY BOND INDE —April 2— 20 20 Ind. Rails 92.4 96,3 92.8 97.2 94.5 99.6 85.1 71.8 95.0 101.2 92.3 96.3 94.8 100.4

20 20 Util, Bnds. 102.6 97.1 102.8 97.6 104.7 96.4 94.0 83.6 106.0 100.7 102.6 97.1 106.2 100.2

Yesterday ... Week Ago ... Month Ago .. Two Yrs. Ago. 1937 High ... 1937 Low .... 1936 High ... 1936 Low ... 90.0 84.7 1935 High ... 91.4 86.4 1935 Low . 836 71.90

(Copyright, 1937, by Standard Statistics)

(By United Press) TREASURY BONDS has 1047-52

cseececes

238 1048- Bl isle 2%s 1051-54 .. 234s ‘1956- 59 os 215s 1049-53 HOME OWNERS LOAN 3s 1952 00 99.24 100 FEDERAL LAND BANE BONDS Bid, giaveed., TIS

98 96.6 BONDS

3s 3s 3s 34s July Nov, May May Nov.

July 1955- 45

1958- -38 DOMESTIC BONDS

Abitibi 5s 53 . Alleg €orp 5s 49 . Anaconda C 7 28 50° Arm Co Del 4s 55 . Atl Cdast Li 0 a2 a Atl Coast L 4s 52 B & Orel 65 C 95 ...

& 0) 45s Bush T bie 4s 52 (M) Can Pac deb 4s perp.. Cen Pac 1st 4s 49...

Ches (Corp 55 44 Chi Bur Qu 5s 71 . . Ch M St P& P 5s 75 31

10013"

.100Y% .100% 1

. 80 . 85a . 923, 8

C Del & Hud’ ret 4s al Erie ref 5s 67 Erie cv 4s B 53 ‘Flor E Coas $3 74

Int Mer Mar 6s 41 Keith ref 6s A 46 Kinney cv 7's 36 Loews Inc Fe 46 Long Ie ref 4 t

Megrony S 5s 51. oe ac gen 4s 75

Penn Co 4s 6: ...1001% Penn R|R 4's D 70... Peoria & E 1st 2 a0...

103.5 93.3 103.6 93. 1 89.3 83.0 1926 average equals 100. §

08.9 .96.17

1 134Ys.

. COTTON PRICES OFF

CHICAGO WHEAT RALLIES AFTER EARLY DECLINE

— | |

Losses Eraved as| Buying Power Enters Market, May Option Up.

( » | By United Press CHICAGO, April 2—Wheat prices rallied after the initial |dip today and early losses in distant months

were ecrased and May futures | climbed fractionally. | At the end of the first hour wheat was unchanged to 5 cent higher. Corn was 7% to 1% cents higher, and oats were 1% to 1:cent higher. Buying power came | into the market on the strength| displayed at Winnipeg and early lpsses were erased. The bullish movement was checked, however, by reaction to the Roosevelt statement revealing the Government's attempts |to check buying of durable goods: Strong buying of wheat by Italy, and Germany and inquiries by Spain were without appreciable effection market activity, Wheat receipts cars. t Corn prices rallied to : highs for the season on buying | stimulated by good sales to local shippers. Prices continued upward as buying became general, Corn receipts were 46 cars. -

touch new

GRAIN PRICES CHICAGO GRAIN FUTU RES

CHICAGO, April Ze~Noon Brain range: aly Sent.

{108 ~ 100% j. 2 WAGON WHEAT PRICES City fram elevators are paying $1.36 for No. 1 red wheat. other grades on their ._Cash corn new No. 3 vellow. $1. 15. Dats, 47c. Hay--No. 1 timothy, $13.50@14: 1 clover [email protected]: No. 1 alfalfa, first No [email protected]: second cutting, $17.50 ARGENTINE GRAIN (Ry United Press). BUENOS AIRES, April 2.~Grain futures

gran irregular. 1257, up June 125,

Wieai—Aprit nay 553. un ht June. 55%, up 4. 0 13274,

Oats—April 3314. unchanged.

Flax—April ‘unchanged; June

.of stocks traded in today on the New

were 62 |

Curb Stocks

(By United Press) NEW YORK. April 2.—Following is a list York Curb Exchange. High. Low,

Alum Lt

Can Marconi ... Carrier Corp Centrif P

NotI

Lord BS }

1 Lockheed Ai . Mesabi Iron ...

g .e »e 155 P S Ind $7 ot. saevereny B1Ys Seiberling BR .co.vnese. 9%4 Spencer C S ... "10%, S O Ky (L) : . 20! Va Stutz ‘Motor .....si.... 13% Sun Ray Technicolor Tilo Rf

Chicago Stocks (By United Press) CHICAGO, April 2.—Following is a completeflist of stocks traded in today on the Chicago Stock Exchange.

Ee © n -

Asbestos LL Fr Backsiay: i Chgo Cor Comwlth “Edison Consol Bis Conquers Co . Cord Ci 9) [lee Hooohd' Gen Finance Gen Hshld Ut ...... Pelieman Brew ...s.... Leath Libby MoN & 1: “eee Mid West Corp ... Mid West pf ww Nat Pres Cook Peabody Coal B .. So Bend Lath .

a 0

fit ed ba SN EER

w.W@

nN Ste a; oe ee rego Wm PWS aS NER a J dd ph

n LEER, (JR Utah Radio Prod Woodall Ind Zenith Radio

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The following quotations do not represent actual bids or offerings, but merely indicate the approximate market level. BONDS % Ask 03

Sus Ind Tel (TH) 44s ’61....101 Tel & Tel Ft W 512s '65.... u Tel & Tel Ft W 43 Ind Assoc Tel 4l'zs Indiana Tel Co 5a" Indpls Railway Inc os 67 Indpls Water Co 325 ’'66 Jia Interstate Tel & Tel Bias 23. Kokomo Water Works 5s '58. Morris 5 & 10 Stores 5s ’'50 .. Muncie Water Works 5s '65 ..] Noblesville H L & P 6l2s '47..102 Ohio Tel Serv 6s z 100 Richmond W W 5s

ee 09 oe

— BNW EDU =O MBCA CO LINO RS WIV DE HOAUI R= ONDE I= oWw

COM pad

Seymour Water Co i ‘49 T H Trac & L 5s ’44

bree a

FRIDAY, APRIL 2, 1037

“COMPLETE J LOCAL 8 LIVE STOCK

PRICES STEADY

IN HOG MARKET BEST AT $10.15

Vealers Steady W With Good And Choice Kinds From $10.50 to $11.

Hog trading today was generally steady at yesterday's close at the Indianapolis. Union Stockyards. Top price of $10.15 was paid for 225 to 250 pounders. Receipts were 6000 with 152 holdovers. Packing sows ranged from $9 to $9.50, practical top $9.60. Weights fete 160 to 180 pounds sold for $10; 200 to 210 pounds were $10.05; 210 to 225 pounds, $10.10; 225 to 250 pounds, $10.15, and weights of 250 to 275 pounds were $10.10. Weights of 275 to 300 pounds sold for $10.05; 300 to 325 pounders brought $10; 325 to 350 pounds, $9.95, and weights of 350 to 400 pounds, $9.90. .

Cattle Active, Steady

In the lighter divisions. 155 to 160-pound weights brought - $9.65: 150 to 155 pounders were $9.40; 140 to. 150 pounds, $9. 15; 130 to 140 pounds, $8.90; 120 to 130 pounds, $8.65; 110 to 120 pounds, $8.40 and the 100 to 110-bPound class was $8.15. Slaughter classes in the cattle market were mostly steady on a run of 600 cattle and 600 calves. Steers ranged from $10.50 to $11. Heifers sold up to $9.75. Common to medi= um beef cows brought $5.75 to $6.75, the cutter grades, $4.50 to $5.50. Srp top for sausage bulls was Vealers were steady and the good ang shots kinds ranged from $10.50 0 Hardly enough lambs were received to make a market and trading was nominal. Receipts were 500, March oF 26.

27, 29, 3

Bulk. $10.15@ 10.50 i033 eR frase [email protected] 1 [email protected] a - [email protected] t 10.25

9.65@ 10.15 5 [email protected] | 2013 Lint Lighte— : : 140-160) Good and Lr 1h (160-180) Good and

Mediu : (180-200) Good and Tedium

Medium Weights— (200-220) Good and (220- 2350) Good and Heavyweights S— 250-290) Good (390- 350) Good

choice.

5 ©

ev a» On

—

choice. . choice. .

DOD

and and

choice. . choice. .

a a

180 to 200-pounders brought

om we Gone

$1.50 ABALE IN N.Y,

Phil Bd Coal 6s '49 ... 16% 161) 141 iT Postal T & C 5s '5 : | T H Water Works 6s '49 Rep Stl 5las 54 | Trac Term Co 5s *5T7.........

7 >

Oils weakened.

Packing Sows—

H Water Works Bs 786. .....102 {270 5

i ’ Carriers & Gen Revere Cop ... y ! / Va | Case J 1 317 Reyn Spring 27 Ya | 8 75

| Reyn Tob B ... 2

—

nd o

Celanese

SO A a

-- ld OUT LD

Celanese pf .. 109 Cent Foundry C Yo Cent RR N J. 32%

wae CRC

INN . OE WE

= BN SE 00 CO =100 1 CU Di

wr © »

pa CO pu Sa

4 4 Bo mde fk wo oNWLIo WD BN a Wee BEd det 1d NW wt

Vlad:

Cons Oil Container Cont Bak

31;

m Cwn Zeller

Boom Re ia

—

iii:

Eaton Mfg Elec Auto-L.. Elec Boat ’ Elec & Mus Ind Elec P & L HE P & L $6 pf.

il]

! CT

Fair Morse ... Fed Dep Sti.... ! lorsheim A ... 3 Food Mach 56 Foster Wheel .. § Freept-Sul .. 2

—1.22

42.51 —0.34 1771.92.

mn. 83

Gen Gen Gen Gen El Gen Gen Gen Gen Gen P S Gen R Gillette % R Cri ey Bros ...

Wood Ind .

Sorel Vadolf Fes Goebel Brew . Goodrich Guodvear

North pf Gi| Nor Ore Green H L ’ Crevbound Cor . | Gant Sug

{| Fal" Print... .. -| Holland Furn 4 Hollandr & S Houston oil od { Howe Sound ... { Hudson Mot ... { Hupp Mot |

NEW YORK, April 2.—New York Stock ! Exchange transactions today were as follo

Markets at Ge i Stocks break sharply Market steadied today after going | On President Roosevelt's through one of the most severe statement. shakeouts of the year. Bonds lower; U. S. "The early decline was ascribed ment that more Federal funds i Sighs Ton pany lows: would be diverted from durable | uro Stocks lower an goods industries to consumer goods '| active. industries. Traders sold stocks of Chi cago stocks Jower. tries. 5 th Steels lost 2 to 10 points, e i | widest decline in Gulf States. Cop- : Foreign J Sane pers broke. Selling spread to all|| Steady; a nd and Josses extending to 4 points in French franc firm. Union Pacific. Cotton breaks about Motors weakened. Utilities held visions. ; better than other di Graius irre gular; He brought some leading issues frac- | corn up as much as a cent tionally above lows. {| a bushel. | FIRST HOUR Rubber 65 to 67 points The market eased in light tradin Metal shares led the decline. | BE Kennecott, American | Silver at New York Smelting, U. S. Shelling Sud Phos! unchanged at 451; cents Dodge all dipping a p a fihe ounce, for more than a point decline and | other steel shares softened. Chrysler led the motor group with 1% Joss at 12234. Utilities sagged fo to 393; while Atchison led rails with a point loss at 80%. Volume approximated 270,000 shares’ compared with 300,000 in Jones averages: Industrial, 184.08, off 1.11: rail, 60.64, off .45; utility, 31.58, off .16. SECOND HOUR concerning durable goods brought | heavy selling into the market that | forced tickers as much as three minutes late. to 97, U. S. Steel dropped below 115 | for almost 4 points loss, Bethlehem | Horta =, : '% was 275 lower at 943, and Crucible | Ches & Otio.. 58 2 lost 31: to 743, Anaconda lost 3 to] Caio Gi west 3h nic t p 3 Dodge 4 points to 511i, American he: M StP&P pf la Smelting 4%: to 92. Bh & Nw Chrysler touched 121 and General | Chrysler ..... .123 Motors had a point loss. Rails weak- | | Sy Siores borat 7s Colgate > P... 24% Volume approximated 570,000 4 shares compared with 210,000 in | Common & So. 3° the second hour yesterday. Dow | Gguis Edison .. 393% Jones averages: Industrial, 181.64, | ons Edsn pf .105' utility, 31.39, off 0.35. | THIRD HOUR : : 3 : Cont fd eel 3 3 3 5 ‘Trading quieted but prices re- Cont 5 ‘mained around’ their: lows. U. S. Som other steel shares were around their | Grogley Rad lows. | Crn Zeller new Copper issues picked up slightly | GN ucible St... from their lows but Anaconda at Cudahy | Sesils Pub General Motors were about steady. |c Atchison came back from its low | 1 i 32. at 802 had 3 loss. Utilities gener- | | ie ~ ally were easy. Deere & Co .. 127% 127 shares compared with 230,000 in Di % tind the third hour yesterday. Dow Dev & R A Jones averages: Industrials, 181.97 Ri Match : i 25: iD off 3.22: Railroad 59.84 off 1.25; Dime Mined, cs a5 STOCK AVERAGES NEW YORK, April 2.—DowJones stock averages: 30 INDUSTRIALS Week ago Month ago 194.14 Year ago . 160.09 High, 1937, 194.40; low, 20 RAILROADS Yesterday, ....... 61.09 —0.64 Week ago ........ Holiday Month ago .... 61.61 +133 High, 1937, 64.46. low, 53.15. High, 1936, 58.89; low, 40.66. 20 UTILITIES Yesterday ....... 3174 —0.34 Month ago ... 34.18 —0.15 Year ago 3245 —0.09 High, 1937, 37.54; low, 3174. High, 1936, 36.08; low, 26.83. mated 1,210,000 shares compared with 1,660,000 shares Wednesday. Curb transactions appriximated 328,000 shares compared with 429,-

(By United Press) NEW YORK, April-2.—The Stock | ] Government issues rally generally to the President's statecompanies in durable goods indus- ] Call money 1 per cent. sections, including rails which had | $1.50 a bale. | A slight amount of buying lower. U. S. Steel dropped below 118 | ther; Consolidated Edison losing 3% the first hour yesterday. Dow President Roosevelt’s statement | Gulf States Steel broke 10 points | Chic E Ill pt .. 11'2 607:, Howe Sound 31% to 82, Phelps | |chi RI & P... ened more than a point. | Colum Gas fh... 15%, off 3.55; railroad, 59.80, off 1.29; Cont _ Steel at 115% was 3% lower and | gory ub-Am Sug... 6112 had 2% loss. Chrysler and Volume approximated 200,000 TC:isel W G.... 25 | Dist Seag Utility 31.38 off 0.36. Yesterday .. 185.19 High, 1936, 184.90; low, Year ago 48.58 —0.46 Week ago ........ Holiday Transactions rar approxi000 shares Wednesday.

11i Central ... Ind Ray .. Insp Cop .. {Inter RT Inter Rub Inter Iron Int Agri Int

Net Je, Low. Last. Chote.

el... 32% 32% Acme Ste ws. 32 :

Veli

29Ya — A

1, | Skelley it 0 2 4 | Scny-Vacuum ..

Cons Film |.... 5813 nee 678 5 id Stan G & E Cont = 1 4] 3 ee 5

Sh Stan Oil N J

| Tenn Corp

8 | price increase of ?!

| Roan-Antel .... | Ruberoid

“Ya | ur | Seab’d Oil ! Sears Roe | Servel Inc | Shattuck 1 Shell Un Oil ... Simmons

ar | 3 |

| So Am Gold ... So Por R Sug. |: Ed

| Sperry Corp { Spicer Mig .... | Spiegel Inc .... Square D-B St Brands

CHILLI

Jill Stan G & E pf St GEE Tvof.... 65 Stan O Cal |.... Stan Oil 39 bie

| Sterl Prog | Stew-Wa ve | Stone & Web’ a Studebaker Sun Oil Superhtr Superior O .... Swift & Co . Swift Intl J... Symngtn-Gould Symngtn-Gould.

FEEL +L

—-

yiiidy:

{ Texas Corp l.l... 61 Texas Gulf Prod T& PC & O Tex Pac L T .. The Fair ..l... Thermoid . Tide W A Oil . Transamerica -.. Trans& Wst Air Tri-Cont Truax Tra . 20th Cent-Fox. . Twin Coach Co.

i++]

Pia

Ulen & Co Und E Fish Union B & P.. Union Carb ... Un Oil Cal ...- Un Pacific |. Un Aircraft Cp. Un_Air Lines .. United Corp ... United Corp pf. United Drug ... Un El Coall.... United Fruit ...

+: NC -, »oN

TC OV Atm CN

| Un Stores A....

| vadsco Sales ..

| Vanadium Van Raalte Vick Chem Va-Caro Ch ... Va-Caro 6 pf...

i | Wabash pf A...

Walworth HR { Ward Bak B ..

Pied

Worthington Fo

31% 92%

| +

Yellow Lees 31% Young Sheet oe 92% go

. 3% 34

Zenith Rad. .

BOOSTS GASOLINE PRICES By United Press CLEVELAND, April 2.—Standard Oil Co. of Ohio today announced ‘a ls cent per gallon on all grades of tank car gasoline.

er AT A GLANCE

(Copyright, 1937, by United Press) GENERAL BUSINESS Dun & Bradstreet reports retail trade

week and 8 to 15 per cent above year ago; wholesale 10 to 18 per cent over year ago. Federal Reserve reports monetary gold stock up $33,000,000 to record high at $11,574,000,000; money in circulation up 8 | $2,000,000; excess reserves $1,400,000,000, up $130,000,000; brokers loans off $28,000,000; ratio 80.5 compared to 80.4 previous week and 78.2 vear ago. CORPORATION NEWS American Water Works & Electric Co. Inc. 1936 consolidated net profit $4,749,846, ‘to $1.38 a share compared to $3,494,- | 430 or $1.32 in 1935. | California. Petroleum | faries’ 1936 net profit to a net loss of $51,470 in 1935. | Distillers Corp.-Seagrams Ltd. and subsidiaries January quarter net profit $2,701,-

JUEEERE TEI LENE:

2]:

Corp. and subsid$2.543,.399 compared

LO GF 3 ES sa QO NR RRR

il] 1+]

this week 2 to 5 per cent over previous

876 (Canadian currency) equal to $1.44 a common share compared to $1,859,642 or $1.07 in October quarter. General Refractories Co. 1936 net profit $1,576,255 equal to $3.47 a share compared to $144,605 or 98 cents in 1935. General Telephone Corp. and subsidiaries, excluding General Telephone Allied Corp., 1936 net income $1,299,911 equal to, $1.57 4 common share compared to $985,950 or $1.11 in 1935. I B. Kleinert Rubber Co. 1936 net profit $168,141 compared to $158,958 in 1935, . Northern States Power Co. of Minnesota and subsidiaries 12 months ended Jan. 31 net income $4,980,508 compared to $4,617,834 in previous 12 months. West Penn Electric Co. and subsidiaries 1936 net income $6,041,653 compared to $5,825,191 in 1935.

DIVIDENDS Atlantic Coast Fisheries Co. 35 cents on

i ible Shaft dropped

a Stocks at Chicago

'Show Decline

By United Press

CHICAGO, April 2—Prices fell

| fractions to more than 2 points on Bik the Chicago Stock Market today. | ] { Trading was moderately active.

Noblitt-Sparks and Chicago Flexmore than 2 points each, while such issues as American Public Service preferred, Bendix, Borg Warner and Common-

Z| wealth Edison lost 1 to. 2: points

each. A long list of recent favorites had losses ranging to nearly a point,

/Broker’s Opinion— By United Press

NEW YORK, April 2.—Brokerage

| opinion today:

\E. A. PIERCE & CO.—In view of the possibility of a tieup ‘in the bituminous fields it was only natural that there should have been some pressure yesterday upon coal carrying railroads; another point is that should a settlement be effected which will give a higher wageescale the increased cost of coal may prove to be a measurable addition to operating costs. LAMBORN, HUTCHINGS & CO. —On any further price recession, |g believe commitments in the leading rails, oils and steels will prove profitable. FRAZIER JELKE & CO.—The list has probably sustained an adequate technical correction and we think it would be doing better already were it not for the bond

‘| market factor.

MONEY MARKET (By United Press) NEW YORK, Apa 2.—Money rates remained unchange today. BaNiEns ACCEPTANCES 30 days, 2@7- 16 per cent. 60 and 20 days, Ys @9-16 per cent. 120 days, 3 0) Sh per cen 150 and 180" days, 7s@%% Sor cent, COMMERCIAL PAPER Prime names. 1 per cent. TIME MONEY 60, 90, 120, 150 and 180 days,

ent. Rediscount rate at New York, cent,

114 112

INDIANAPOLIS STATEMENT

Clearings $ 3,509,000 Debits 11,508,000

TREASURY STATEMENT (By United Press) WASHINGTON, April 2. — Government expenses and oi for the current fisi through March 31, compared with 5 year ago: Last Year

s Yea Expenses ..$5, a 082, 140. = 3, 128.449,

11,573,731,221. 47

Gold Res. . 352,137,198.19

Customs 292, 196,511.69

_ FOREIGN EXCHANGE

9 (By United Press)

New York, April 2.—Foreign Exchange, t

firm. Noon cable rates, net changes England (pound), 4.89 7-16; up .003-16. We (60-day bill rate), 4.88 11-16; a (dollar), 1.00%s; up .001-32, France (franc), .04607s; u §2000%%:

Italy (lira), .0526%2; up .0000} Tegats: ot 250000.

Belgium (belgal, Germany (mark), .4022; of Germany (travel jnarh), 2280 3 .0005. Switzerland (franc), . off .0000%, Holland (guilder). od Spain (peseta), unquoted. Sweden (krona), .2524. Norway ,krone), .2460; 2p .0000%2 Denmark (krone), . 185. Australia (pound), Austria (shilling), Ion “up .0002, Czechoslovakia (koruna), .0349 Finland (markka), 021615; up .0000%. Greece (drachma), .0090. Jugoslavia (dinar), .0233. New Zealand (pound), 3.94%. Poland (zloty), Portugal (escudo). Ju4%. Rumania (leu), .0 Russia (gold ans .8 Argentina (offl. Jesol, ; 32d; ox .0003. Argentina (unoffl. peso), .3 Brazil (offl. milreis),. .0880 Te Brazil (unoffl. milreis), .0625; up .0005. Chile (peso), .0395. Peru (sol), .2600. Uruguay (peso), .5600.

Mexico (silver peso), .2780. Hongkong (dollar), .3046; up .0002. Shanghai (yuan), 2987. India (rupee), .3698; up .0003, Japan (yen), .2852; off .0001..

FOOD PRICES

(By United Press) . CHICAGO 8302 Ane M chi an McIntosh, $1. 5. 00s. Potat Caen Louisiana orior Hoang, $250 60. Carrots i 1. hd —Texas, a . Wom Jeo mani lugs, $2@ 3 Co ower ~Calliomnia, state $1@1. 2% Peas—Mexican, hampers, 0G 0 Cele a ee IL en lg LT

common payable April 15, record April 7, first since June, 1930,’

Onions (50-1b. sacks)—Illinois, Indi Mich igan Jellowa, Ngee, san ‘and

Rep Steel 415s 56 Sagny Pwr Jus a8 .... 89

| Whee Stoel 37.2 66

Sou Ry gen 43 56 Texas Corp. 3%5s 51 Ave ref 4s 60.. t 4s 47

Wabnas Ww Motrin =v S33 9 Youngstn S & T 4s 61. 993% FOREIGN BONDS Argent 6s A 57 ...... v -10134 Australia 5s 57 5 Belgium 6s 55 Brazil 6!4s Eo

J91%,

German 7s 49 § 6s 38 .

Siem Hal 614s 51 Silesia P Ts 58 Tokio Elec 6s 53 Tyrol Hy E 714s 55 Uruguay 6s ‘60 Warsaw Ts 58

BANK STOCKS

(By Blyth & Co.)

Sentral Hanover

neal al Tilinois First’ National Boston Guaranty Irving Manufacturers National City National Shawmnut .... FIRE INSURANCE Aetna Fire Insurance Paliipors Anierican

Pranklin Fire rea merican Insura les Hartford Bee Hanover Fire National Fire ........ National Liberty North| River

Sir. "Fire .

BUSINESS VOLUME GAINS Times Special BOSTON, April 2.—February business showed a gain cent in physical volume and 19 per cent in net dollar sales, Allied Kid Co. stated today.

New Business Books Available at Library

The following new business books now are available at. the business branch of the Indianapolis Public Library:

FRICES IN RECOVERY AND DEPRESSION, by Fred C. Mills. “The basic importance of the role pjaved by prices and the necessity of studying “their behavior and influence in oe economic cyclical progress.” JETTING AND KEEPING _CLASsit IED ADVERTISING. by Morton A. McDonald. “The want-ad finds daily work in settling the minor ose that make up human exist-

GOING TO MAKE A SPEECH? by E. St. Elmo Lewis. ‘It is rare if some. time in his life a man does not. need- to make a speech.” FINANCIAL INCENTIVES, comp. nr National Industrial Conference ard, Methods for stimulating RE in industry. THOUGHTS ON SALESMANSHIP, by James Mangan. Sentence by sentence advice and inspiration to the traveling salesman.:

| before noon.

of 10 per

20 Per Cent Acreage Boost Brings Heavy Selling.

By United Press NEW YORK, April 2--Southern advices indicating a 20 per cent cotton acreage increase this season and rumors that the British government may tax profits on cotton futures and that loan stock releases may continue this month brought heavy selling into cotton: futures today Around midsession the list was $1.50 a bale net lower. A sharp break in stocks and weakness in most other commodities also were factors. The Liverpool market dropped on possibility that cotton futures may be taxed in the new budget. Alexandria also broke. Prices fell 13 to 21 points at the opening and then held fairly steady around the initial levels until just Trading which had quieted after an: active opening, again turned activé on the break.

INVESTING C0.’

(By N. Y: Security j Dealers Assn.) Bid. Asked. Admin Funds 2d . 19.81 21.97 Affiliated Fund Jeeui1l1.42 43 Amerex Holding Corp. re 3. American business .. American Gen. Eq American Insurance Bancam Blair Ee Broad Street Jnvestmeni Bullock Fund 2 Can Investment. Century Trust Continental Shares of! Corporate Trust shares Corporation Trust aa; Corporate Trust cum i. Corporate Trust aa mpd Corporate Trust acc mod Cumulative Trust Diversified “B"’ Diversified “C”’ Diversified “D” Dividend Shares Fidelity .. oy First, Boston’ Sn. Fund In Te Fund Trust BC oe General Investment Tr ust .... Incorp. Investments PIyesemont Fund wi Keystone ‘‘C"’ Morviand Fund danadie Mass. Investment Tru st Mutual Investment Find Nationwide Sec. .. Nationwide Voting | New York Banks North American Bond North American 1956 | North American 1958 . Quarterly Income few; Represent Trust .. vee Republic Inv. Com. ree Select American Select American Inc. Select Cumulative Select Income Spencer Trask State St. Inv. Supervised Corporation “ene vie Supervised Corporation “D” .. Supervised New . a ais 38 16.61 11. S. Elec. L & Ba 132% 13 52 U. S. Elec. In& “B12... Wellington Fund bos , 20.7: 73 2. 73 Sn ——

DECLARES DIVIDEND PAYABLE ON MAY 1

Times Special | PEORIA, Tl, April 2.—A dividend of 15 cents a share on capital stock, payable May 1, 1937, was declared today by the Keystone Steel & Wire Co. The company said that this brings total dividends paid thus far during the current fiscal year, which ends June 30, 1937, to $1.30 a share.

NEW YORK, April 2—~Dun &

ine sans

daily price index.

Commodity— Wheat. No. 2 red, bu, ssssedanssescecs Corn, No. 2 yellow, bu, «..csese00000eer Rye, No. 2. bu. .........eones000000000 Oats, No. 2 white, bu. ... Flour, spz pat . 196 1b. sk. :cccsececcs Lard, prime steam spt., Ib. iccoseccces Coffee, Rio 7s spt. Ib. .....c.cope0cccer Sugar, raw, 96 test. Ib. Butter. 92 score, Ib.

esersssccscse

cesevosievecsn:

seensecgscsces’

Hogs, ave. most sales, 1b. ciceeceacccs: Tin, siraits spot IDs sosessocacvsssscans

weighted price index of 300 basic commodities, compiled for the United Press (1930-1932 average 100): Yesterday ........ 157.10 | Year ago Week ago .....(Holiday) | 1937 high Month Ago ....... 146.03 | 1937 low (Jan.

NEW YORK—Following are the prices used in compiling the

Today $1. 1.28% 1.21%

9.025

"PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX

Cc dity— Bradstreet's daily ommodity:

tueessess 119.87 | Wool, fine unwashed

(Mar. 30) 157.42 29) 141.47

Lead, snot, 1b. .... Zine, spot, Ib. Year Ago 9611 613% S61% 285% 6.400 1103 08% 0373 W314 +1060 473%

Week . Ago

461% § 1.4815 § 1.25% 1.22 55 9.025 1250 09% .0850 37% .1045 +66

Cement, 33%

1225 09%4 .0350 34% .1000 68%

scrap and hides.

STOCKS

xBelt Railroad & St Yds com. 582 xBelt Railroad & St Yds pfd.. 8 Cent Ind Pwr pfd. Ts “ 31% Home Tel & Tel Ft Wayne. ... 52 xHook Drug Inc : 19 Ind Gas Co com . xInd Gen Serv Co . xInd & Mich Elec oe ®ofd’ 7s Ind Hydro Elec Co Ts : xIndpls Pwr & Lit Co pfd 6s - xIndpls Pwr & Lit Co pfd 6'2s iv xIndpls Water Co _pfd 5s as Lincoln Natl Lite Ins Co_ com 27 N Ind Pub Serv Co pfd 5 . 80 N Ind Pub Serv pfd 6s ..... .. 861% N Ind Pub Serv pfd 7s ........ 931; xP R Mallory Co com 35% Progress Laundry Co Ve 17 Pub Serv Co of Ind 6s . Pub Serv Co of Ind 7s . Terre Haute Elec Co 6s.. Union Title Co com van Camp Milk Co pfd Van Camp Milk Ca com . xEx-Dividend.

NEW BOND ISSUES

(By W. L. Lyons & Co.)

Argentine Rep 4s 52 Ass'd Tel '65 au iy 31s 64. B & O 4 ’39 Calif ie Pwr 4s’ Delotex 4'z2s ’47 .. Cent, Maine Pwr 4s 60 Cent Maine PRE 3los '66. . Cinti G & E 3'25 '66 Dom Canada 3s “et

66 .

Great Nor 33s ’'67 . Houston Lt and Pwr 32s 66 . Indpls Water 3'%s ’'66 Kansas P gL Ts Koppers Co 4s Kresge Foundation 3ias aT. Los Angeles Rev 3s 67 .. Louisville G & E 3!2s '66 . Metro Ed 4s ’65 Nags Elec 3%s ’66 . N Y City 3s '17 ve N Y Stats Elec Gas 4s A Non States P 3125 "67 ... ¢ Norwav 4s ’63 Ohio Edison 3s WD iia ¢ Okla G & E 4s ’45 . Okla Gas & E fue 35s 66.... 97 Otis Steel 415s '6 a Pac Lighting te 45 Phila Elec 31hs AT Sn Kraft 4lss "46 wise + & FE 3's '66 Wisc Pub Sorv 4s 61

LOCAL PRO ofu CE

(The vrices quoted are naid for stock gathered in the country. while for deliveries in Indianapolis the prices are 1 Son higher. Each Si case of eggs must weig

Heavy breed hens. 5 Ibs. and over. 15c. Leghorn breed hens, 2e. Heavy breed springers, 1% 1 13c. Leghorn breed springers. 8c. breed stags. 8c: Leghorn breed stags. i heavy. breed cocks. 8c. Ducks, full- feathered and fat: 5 lbs. and up. 6c. Geese. full-feathered and fat. 5c. Turkeys. young toms. 14c: voung hens. 10 lbs. and over. pees old toms. 8c: old peng: get No. ol 3 utter—Creamery, No. 1, 38@39c: 32 350360, Butterfat—No. r 35¢; No. i

100 10133

20c

(Bv United Press) un-

O. April 2.—Eggs—Market, seltled; receipts: 27,081 cases: fresh graded firsts. 23c: ra firsts. 23%c; dirties, 2l1c: current Sh 22¢c: checks. 20c; storage packed firsts, 24%, c; storage packed extras, 24) 409 uttér—Market weak; receipts, 10, er firsts (90-91% score), 31Y@ 313%c: extra (92 score), 32@32%e¢; frst, 301, @31c; standards, 32%c; specials. 32 Alp 33c: centralized ioe score), 31%c; centralscore). 30%zc. Poultry Maret steady: receipts, 19 trucks. Zesse 15¢: ducks, 14@22%zc: soring chickens, 19@21c; rotlers 28@ 2635 c: hens, 14@20c; horn hens, 10@16%c; old roosters, 13@13%2¢; turkeys, 15@20c; fry-

ery Eneese Twins, 17@17%e: JDaistes, 17%2@ 17%c; Longhorns, 17%2@173 : Potatoes (01 a moderate; demand slow to good: Jaasiet Steady! Idaho Russet BUrbanKS. '$2.35@2 No. $2.20; Wisconsin Round Whites, $2.10 A 8. commercials and unclassified. $1. nnesota Cobblers, $2.15@ 2.25; y Ohion. [email protected]; North Dakota Bliss Triumphs, $2.45. New Stock—Supplies, moderate: demand fait; market, steady: track sales, carlots (per 50-l1b. sacks): Texas Bliss Triumnohs, $1. 30@1. 95; less than carlots, Florida Bliss Triumphs, [email protected]. shipments,

Steers. avg. most sales, 1b. cocovceceos $ Lambs, avg. most sales, Ib. .....000000 Hides, native hvv. steers. 1b. ..

Cotton, mid-upland. 1b. ...... Silk, 18-15 deniers Jap, Ib. «..ccco00ese Rubber, spt. smk. rib, Ib. cccosesseces Copper. electrolytic, Ib. ....cce0000p00s sevecsessencsdgeonsed Silver, commercial bars, 0%. .ccccoeoeeSteel scrap, Chi., ton Pig Iron, Iron Age comp., ton ...,...,. Coke, Connelsville, ton Dom Portland, bbl. Yellow Pine, 6 in. base, 1000 ft. ...... Douglas Fir, rough, 1000 ft, ........, Gasoline, tank wagon, XBL ...iunieee Crude Oil, 40 gravity, bbl ...........

(Source of Quotes—Chicago: Boston: Wool. f ville: Coke. Tulsa: Crude oil, New York: All others.)

Arrivals, 36; on track, 226; 690. B

Year Ago 0740 .1030 113% 35 .1162 1.81 16 09% 0160 .0490 4434 14.55 18.84 3.65 2.35 50.00 38.00 L097 1.18

lard, steel

Week Ago 0595 $ 1210 1834 45 1473 2.091% 261% 1614 0700 0750 .43 21.73 23.23 4.25 2.23 60.00 52.50 .090 090 1.27 1.27

Grains, avestock,

Today 0595 § 1240 A614 43 A517 2.0514 267s 17 0700 0750 4514 21.%5 23.23 4.25 2.25 60.00 52.50

ssecsan

combing. Ib. .....

seevsgpsce:

$9 210-225 Ibs, | 9) 85:

Receipts, 250. bulk good d Hog sales steadv to $104710.05: top $10.05 sparingly: some buymarket weak to down. . Sheep—Receipts,

(425-550) Good .. (275-550) Medium Slaughter Pize— (100-140) Good 2nd choice. . Mediun

aD as Or Nem Om SU GTS

(550-900)

-+-Receipts, 600—

Choice $12. [email protected]

C (900-1100) Choice Good Medium Common Choice > Good... Medium’ Choice -

. 10.006213.00 [email protected] 7.00@ 8.00 .. 13.25714.50 . 10.506213.95 8.50@11 00 .. 13.504714.50 . 11.007%13.50

(1100-1300)

(1200-1500)

(500-750)

Common Good and medium. Common medium .

{750-900} 9.5040 11. 8%

6.50@ 9.50

Common and medium Riera Low cutter and cutter Bulls. good Cutter. com, —Vealers— -~Receipts, 600—

Good Eng cho Med ize

00 - lh rir nd common

(250-500) Good and choice .$ 6.50@ 9.00 Common, medium . 5.00@ 6.50 - Feeder and Stocker Cattle (500-800) Good and choice..$ 7.00@ ommon, medium . 8 (800-1050) Good and choice. 850% 70 Tioitors- Common. medium. 6.00@ 7.60

Good and choice Common and medium ) 5 SHEEP AND LAMBS ~—Ruceipts, 500—

.$12.00@ 12.50 . [email protected] . [email protected] [email protected]

V 80-173) Good and chofce.. 5.00@ 6.00 ramon, medium | 4.00@ 5.0 Wi and i quotations on Ah

Lambs— Choice Good

5 (By United Prose) ICAGO April 2, — including | 3000 anes ~ Bosuipis,

steady: strictl pe y good and choice

BE pciots. 1000. Calves R —Receipts 00. Strictly good and choice and oad beef here absent; few loads and small, lots medium and low good lightweight, 10: practically nothing above $11; slow; around steady: heifers, : scattered lots, $7.25(1 8.50; lower; bulk, $66.75: heifers, grades, mostly downward fr weak, practical top, 60: vealers, lower: bulk, $819.50, few selects, $10. Sheep—Receipts, 8000; 00 directs. lamb supply. around 75 per cent from Colorado; practicaly no early trading: occasional bids on strictly ‘choice kinds, around steady; unevenly higher;

th steady fat sheep.

—Ho| ORS Steady: $9.90; $5. 75; 275- 200 , 130,130 1bs.,

: 1bs. $8.75: "120-130 5. $8.50: uehs, stags. Lafobs, 228

ove Ap 25: 250 Wa $9.95: 350-272 Th Ibs 225 1bs., $9.80: 180- 200 Ibs. is, p= I 300. 330 lbs. 1 130-14 100- a0 1bs., 0 $855 $7.50. Calves, $30. 50. LAFAYETTE, Apr] i Ah market 75- aro sD; 300-325 1bs.,

§leady) 250- -2%5 1 1%: 95: 235-250 1 1bs., $9.90: 500 105. Sots 200-210 Ibs., $9. 80: 180~ 160 16s" $875: 160-180 1bs., $9.60@9, 705 1408. 120- 140 1bs., $8.25@ 8.50; 1000 lbs. $7. @8: roughs, $9.25 down Calves, $10, 50 nad Lambs. $11.50 down, LOpIst A Times Special) LE, Apfil 2.—Cattle— 125. Only scattered lots reins, and cows offered; steady in ‘cleanup trade, Load around 900-pound steers brought to arrive $9.50; few head were up to [email protected].

Most. tous in medium and cutter flesh $6

iberal

car slow all week, Tyover stockers trade

Pals Sales 35 Na Calves 8 opening fairl C= tive, stronz to 50 cents higher: to id sii: and choice, [email protected]: others own to $7: culls mostly $5 a Hogs—Receipts. 600. including 100 direct. market not fullv established: few early strong: best 190-240 1bs., ers not following and indications general lower. Sows scarce. $8.75

weighty wooled Boma arly ne hesa S Ss classes sheep absent. Fat Ra ion net for week: slaughter sheep around 50 cents off. Desirable handyweight slaughter ewes mostly $5. down choice $6. Receipts (Thursday): Cattle 176: calves, 263: hogs, 861: sheep. pments (Thursdav)

Shi Cattle, none; Eves 105; hogs, 310; sheep,

none.

PLAN NEW WAREHOUSE

Times Special 2 M'KEESPORT, Pa. April 2.— Plans for the construction of a new warehouse in, Detroit are being com-

Steel Co., it was announced.

EARNINGS OVER 3 MILLION Times Special DETROIT, April 2.—Net earn ngs are expected to exceed $3,000,« after all charges, for the year a the Hudson Motor Car Co,

E. St. Louis: Zinc. Connels-

said today. ings were reported as $584,740,

9.00

pleted today by the Firth-Sterling

For 1935 net earn=