Indianapolis Times, Indianapolis, Marion County, 7 April 1937 — Page 14

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PAGE 14

COMPLETE N. Y. EXCHANGE STOCKS

STOCKS 10 FOU

Drift Sets in After | Brief Rally at Noon Period.

1 | | |

By L nited Press

NEW YORK, April 7. —

Stocks drifted down in early afternoon dealings today following a brief rally around ‘noon. Losses ranged to more than 4 points.

The market opened irregular following a sharp drop in London stocks and commodities. Foreigners sold American stocks and commodities. News of the London break and rumors the government contemplated methods to stop gold exports spread to the interior and selling picked up around the end of the first hour. Thereafter dealings lightened but prices continued to point lower. Steel and copper shares were hardest hit in early trading. Their losses extended to 7 points in the latter, U. S. Steel was down more than 4 points around 1 p. m. Chrysler, expected to rally in response to strike settlement, lost more than 4. Farm shares were down on belief farm prices would be lowered. Paramount first preferred lost 11! points to 165. had a sharp decline. Railroad shares became weak features in the afternoon and had -losses ranging to more than 3 points.

FIRST HOUR

The market opened lower and then broke to wide losses before meeting mild recovery. U. S. Steel dropped to 113!2 for 3!z and came back a point. Bethlehem reached 9112, off 312, and rallied 3:.

Chrysler dropped to 119 for 4% loss Bb

and came back to 1193. Anaconda

at 563% was 3': lower but came back |

_to 57'2 while Kennecott at 57% was 2 points lower and rallied to 58s. New Yotk Central broke to 48's for 114 loss and rallied to 487s. ConsolIdated Edison had an early fraction- | al loss but rallied to show 's gain at 393;. Trading was so active at | height of selling that tickers were ‘unable to keep pace. Volume approximated 580,000 shares compared with 290,000 in the first hour yesterday. DowJones averages: Industrial, 180.82, eff 2.16; railroad, 59.33, off 0.75; utility, 31.36, off 0.25.

SECOND HOUR

The market steadied and later sagged to further lows. U. S. Steel reached 113%: for 33: loss; Chrysle: 1181, for 5 points loss; Inspiratior to 242%, for 23 loss; Bethlehem tc 9214, for 23; loss; Du Pont to 154': for 23; loss; U. S. Smelting to 90°, for 2% loss; U. S. Rubber to 63, for 3 points loss; Sloss Sheffield to 175. for 5 points loss, and Homestake to 398, for 11 points loss. Consolidated Edison dipped to a fractional loss. Rails continued lower. “Volume approximated 380,000 shares compared with 230,000 in the second hour yesterday. Dow Janes averages: Industrial, 179.82, off 3.16; rail 59.19, off .89; utility 31.32, off 29. DAILY STOCK INDEX (1926 Average Equals 100) 20 20 20 Inds. Rails Util. “63.0 81.3 64.5 89.2 66.3 951 523 974 31.1 50.8 61.5 104.7 511 8i4 64.0 102.0 44.0 80.3 45.3 84.8 28.6 39.5 . by Standard Statistics)

60 Bon is 136.7% 14:.3

Yesterday Week ago Month ago .... Year ago Two years ago. 84.1 1937 high

(Copyright, 1937, NEW. YORK. April 7.—New York Steck Fachange transactions today were as fol- - lows: : —

High.

Net Last. Chanze. 19%2 18: V/

Adams Exp .... Air Reduc T0%2 Alaska ea oes 13s Alleg Corp ... 3s Alleg pf $30 Ww. 5315 Alleg pf $20 XW. 50%2 "Alleg .« 4] 19 Allied Pies . 18% Chal 63Ys

I 80 1087 .. B80%2 5 ; 8% 1112 105s 5850 97s 15%

243; . 11%a 5

59% 2478 39 . 2513

Armstrong ‘Cork Arnold Const ..

Atchison Atl C Atl Ref Atlas Corp -. Atlas Corp pf’

Bald Loco

Briggs Mig riggs & Strat. Bin & § Tr.

s HEI LEER LET+T

Homestake Mining |

irregularly |

loss |

s | Kimberly C

THE INDIANAPOLIS TIMES

+ The Times Financial and Market Page «

OFF

OINTS ON N.Y. EXCHANGE

AN APOLOGY

Certain quotations in our New York Stock Exyesterday We apol-

change list were in error, ogize.

Sua

High. Low. Calumet & H... 15% Campbell Wy .. 31 31 31 Canada Dry ... 32'2 Can Pacific .... 142 Carriers & Gen. 8's Caterpillar T .. 91 Celanese ' Cent Found Co. Cent Vio Sug... Cer de Pasco... Certain-teed ... Champ Paper .. Ches Corp ... Ches & Ohio Chic Gt West,

ChM SIP&P pf Ch & Nw ves Chi Pheu T ... Chtvsier .......1 City 1 & F ¢ Cleve Graph Br 3

Com Credit +... Gom In Tr..... 67 Com Solv_ .... 17 Comw & So.... Cong-Nairn Cons Edsn Cons Film Cons Laund..

Container Cont Cont Cont | Cont Mot Cont | Corn Crane Co Cr Cork & § .. Crown Zeller Crucible St ... Cub-Am Sug Curtis Pub Curtiss- we | Curt-Wr 195 | Crown Zell ‘pf. 105;

| Deere & Co ...120';

Edi 25 | Davega Strs ‘pf. 2012 Dia Match 32 { Diam M pf

{ hoon Mig | Eiting Sch _. EL Auto L Boat BIE: PE 1 223 1 = & L $7 ‘pf 80:2

Erie 1 pf

| Fair Morse jsdarde Sug | Fed Mot

. 4013 Freent- -Sulphur. 2734 Wood: Ind. 15% n Am In.... 13%

Glidden pf .... Gobel, Adolf ... Goodrich J Goodrich pf Goodyear Graham- Po.

Fr HL Gr 44 hnd Corp. . Ghent 25

Gu pf.. ami St S1 bt Greyhnd

11 on 5'2 pf 11

Hecker Prod Hershev Holly Sug Houd-Her Houston CQCil Howe Sound . Hudson Mot... Hupp Mot

Ill Central v

Inter Rub Inter Iron Int Agri

s Cr Coal .... 2014

Johns-Man .. 138

—R— Kalamazoo S-F. 393 Kan C Sou .... 253 . Kayser Jul . 3315 Kelsey-Hayes A 1812 Kennecott vee: D8Y0 Keystone Stl .. 18

Kinney Kroger G & B.

Losw's os evs Lone Star Cem. 65; Long Belt A... 9 Lou. & Nash . 907 Ludlum Stl .... 37

McCall Corp ... McCrory Bee 18 McKeesport McKess & R ..

del B Man i mod ‘gtd i Maracaibo Xk :

Minn-Moline Mo-K Tex

Yesterday Week ago ..... Month ago

Following

Commodity— heat. No. 2 red, bu,

Corn. No. 2 |vellow. bu. ........ Rye. No. 2.|bu. Oats, No. 2| white, bu. Flour, spg pat . 196 Ib. sk. ..., Lard, prime steam spt.. Ib. .... Coffee. Rio 7s spt.. Ib. ......... Sugar, raw, 96 test, 1b, .......s Butter, 83 seore, Ib.

Ho, a t. myost sales. Ib. esos avg. most sales,

317 14% 8

DB NEW Ar iy

woo DOOD

Net . Last. Change. 15%

Ld Jot?

{LHL

BEREE

Fy Y+1

ee ed

0 oa

BD te Cha bed ER NR

fi ELLE

FL ++

TEE

PRICE IN DEX

DAILY PRICE INDEX

NEW YORK, April 7.—Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press (1930-1932 average 100):

157.11 | Year ago ). 157.35 | 1937 high (April 5) 158.26 150.68 | 1937 low (Jan. 29).

Today $ 1.4653

1.36% 1.23% 56 8.925 .1230 09 0345 +33 1020 +0585

MARKETS AT A

GLANCE

Stocks steadier after 1 to

7-point break. Bonds lower.

{Curb stocks sharply lower;

mining shares leading. -

Chicago stocks irregularly

lower. Call money 1 per cent.

‘Foreign exchange lower in

relation to the dollar.

Cotton 14 to 20 points

lower.

Grains lower;

more than a cent a bushel Rubber 68 to 74 points

lower.

Silver bars in London off 33 at 21's pence a fine ounce.

wheat off

MoMo

Net. . Last. Change.

K Tex pf.. 281% Pac pf

Mohawk Cp ...

Mont

Ward

Mueller Br -.... Mother Lode. Motor Prod .. Motor Whi

Mull

Mfg B.

Munsingwr

Murray

ecssene

Nash-Kelv . .... Nat Nat.

Nat

Supply

Natomas

Newport »

Ind .. F genial :

YiCc& NY ELS

NH & H

N Amer iden N Amer Avn ... N Pacific

Norwalk T NYC Omnibus. .

57% 27%

oti Steel we ani

Pac

Pack

Am Fish. G

tg .. 47 West Oil .- ard

Panhandle

Par Par

affine Co ... 82 amt Pict

Uta ker x Proof 257} melee 6lg

Pathe Film

Patino Mines .. $C...

Pitt

Plymouth Oil. . Postal Tel pls. Praas Stl Proctor & G.

184

s. United 2758 117; Fan 5

Public Serv

Pure

Safeway .. St Jos Lead St L-8 FP pf Schenley Scheniey. Dis pf b L.--

Shell un on Shell Un pf

oi Purity Pak

ist

We = “®0 WN NN Be

403 . 51 ve 8 . 47) 97% 1 63

Siwer-King

So So

Por R Sug. . Cal Bd .-.

South Pac

Stan

Sta Starrett

N LS

Sterl Prod Stew-War

Stokley Br Stone Stu Sun

& Web." debaker Oil

Superior O ....

Swi

ift| & Co....

Swift Intl

Symingtn-Gould

Timken R B.. Transamerica Trans

2094

TVs

Ww @ oa SP —-- ae ona

NRE dN» »

oF —-—r TN

Saas De at 0) UN

DIR IRD DDI] Ne

G3 ON et =

NNR 0 aR RE

nD wD [UNA DIN WHIODIW

“ID vo CD =I UV BI UND 30 De 1 08 3000 AN

a DDI DI a 3 Us

W@W

& W Air 17% 93

Tri-Cont Tri-Con pf ....

Tuax Tra .. 20th Cent-Fox

1 : 31%

Twin Coach Co 23

Union B o Union Carb ... 102 Un Oil Ca

Un Un Un Un Un

i Ci & P.. 88%; ev eer 357% . 144 Tan 29 Alrofe Cp Air Lines .. Am Bosch:

1/,

. 297 19% 2

Un Carbon ... United Corp’ . United Cp pf. Vhited Drug

ggagddddddaaaacaa id nnlnnnnhnlnn

Coal

Vadsco Sales..." Vanadium Van Raalte .... va-Caro Ch ....

Va-

Car'86 pf....

bash pf A..

Walgreen

West

1ker

Pac pf...

ELLE +T:

«nN

4 Ya Va 17%

‘8

sll

LER

bid

SIRES RRR"

Balti ett hi

wD -

om Lg Aa D@ ARAN

® he DN ®

oe J a 1

ts » ®

0 SE

—-

Dv 6) he pe fa BR Ae ae Sn

oo aa

0000

1g 2

1 Ss g Preden, (krona) I

U. S., DOMESTIC BONDS DECLINE INN. Y. TRADING

Treasury Funds Lose and New York Central 6s Fall to 120.

By United Press NEW YORK, April 7—U. S. Government bonds weakened.today and domestic corporation funds also declined. : Treasury funds lost as much as 28-32 point in the 31s of 1949-52. New York Central ‘6s of 1944 dropped 3 points to 120 and I..R. T. 5s of 1966 touched a new low at 84, off 3. Republic 4'2s of 1950 lost 5 points to 190.

Cotton Futures Lose About $1 a Bale

NEW YORK, April 7.—Cotton futures were nervous at losses of about $1 a bale today after an earlier slump had brought losses of as much as $1.50 a bale. Trading was fairly active. Around noon the list was 17 to 20 points lower, most positions up 5 to 10 points from the lows. The opening break of 15 to 30 points, which was extended slightly after the call, reflected rumors abroad: that President Roosevelt might act to lower commodity prices here, bearish crop ideas from Brazil and renewed fears of labor difficulties in the textile industry. Heavy stop-loss selling developed. Foreign markets were weak. /Speculative liquidation developed. Trade support increased on the scale down and some new demand came from commission houses arid Wall Street.

Curb Breaks Sharply; Mining Shares Off

NEW YORK, April 7. — Curb stocks broke sharply today under lead of mining shares. Bunker Hill & Sullivan dropped nearly 9 points to 125, while New Jersey Zinc fell 212 to 85'z and Consolidated Mining & Smelting lost 215 to 851%. : General Tire & . Rubber at 35, Dominion Steel & Coal “B” at 244, Aluminum Company of America at 165 and ‘Brown Company Preferred at 75 were more than a point lower. Oils eased and utilities were mixed.

Rumors Bring Break in

Major Commodities NEW YORK, April 7.—Rumors the Administration would attempt to lower commodity prices through a change in its gold-buying policy, although cfficially denied, brought a severe reaction into all major commodities today. The break was the sharpest in months and embraced all staples with the exception of the domestic sugar futures, which had been depressed for more than a month on

possibility of a 2 -cent excise tax.

MONEY MARKET

NEW YORK, April 7.—New York City banks today increased rates for four, five and six-month time money bills to 112 per cent, or !4 point above the previous level. loans up to three months were unchanged at 114 per cent.

Bankers said the increase partly reflected a switching from demand

loans to time loans on possibility of an increase in cail money rates and the higher discount on Treasury bills. They said, however, that they did not anticipate an immediate firming of call rates as funds still’ were freely offered.

Bankers’ Acceptances—30 days, !a2 7-167; 60 and 90 days 33 A, 9-167; days, 34 A, °s8%; 150 and 180 days, 7 34 0. = Commercial Paper—Prime names, 17%. Time Monecy—60, 90 days, 1's; 320, 150 and 180 days, 12%; rediscount rate at New York, 12%.

WASHINGTON, “April 7. — Government expenses and receipts for the current fiscal year through April 6, compared with | I a year ago:

A, 120 a A,

Last Year $5.425,622,382.56 3.144,026,200.47 2.280.696,192.09 2,827,238.400.95 31,454,588,453.88

This Yea $5,684.994.037.01 . 3,816,438,082.54 . 1.868.555,954.47 .. 1,802,145,082.98 Pub. Debt 34,780,413,667.65 Gold Res..11. Lg 185 709.16 10,187,948,846.58 Customs .. 360,113,950.16 207,449.856.88

FOREIGN EXCHANGE

{oon Cable ates

Expenses

Net

England (pound) . 48315 60-d. bill rate) 4.89 1% 16 —.0015 i (dollar) .... 1.00 —.00 1-64 France (franc) 1 Italy (lira) Belgium (belga) ».... Germany (mark) Germany (travel ma Saiaeiand (franc) . Holland (guilder) ... Spain (peseta)

—.0010 —.0004

unquoted —.00041; —.0004% —.0002%; —.00%

Norway (krone) Denmark (krone) Australia (pound).. Cgechblsiayakia

una Avsin (shilling) reid Finland (markka) 17 Greece (Drachma) .. .0090% Jugoslavia (dinar). .0233 New Zealand (pound) 3.94, Poland (zloty) 19 01 Portugal "0446 Rumania .0074 Russia (gold Diy .8679 Argentina (offl. peso) .3266 Japan (yen) .2859

—.0034 —.0001 (escudo) ?

—.0005 —.0001

Net Change 1% 215 14 1a

Low. Last

138% 251%, 571, 28% Ya 5s ; 1: 10% 7? Va 52 at

72 136%

WOoOlWOrth .... Worthington 39 Wrigley 697% “301 30%, 33% 90

Yellow

Tr Young Sheet. . 301%

738 T33

AND COMMODITY QUOTATIONS

are the prices used in compiling the index: ‘Week Aco $ 1.47 +). 3:

0914

141.47

Year Ago 9634 .62 56 2% 6.350 .1050 06% 0375 82% 1065

281 281% 5438 025 1237

Cement,

Commodity— Lambs, ave. most sales. Ib. .... Hides. native hvy. steers. 1b. .. Wool, fine unwashed combing, 1b.. Cotton, mid-upland. Silk. 13-15 deniers Jap. Ib. Rubber, spt. smk. Copper. electrolvtic. 1b. Lead. snot. Ib. Zine, spot. Ib. Tin, straits spot, 1b Silver, commercial bars. oz. .. Steel scrap, Chi.. t Pig Iron, Iron Age comp.. ton . Coke. ‘Connelgville. ton Dom Portland. bbl. .. Yellow Pine. 6 in. base. 1000 ft. Douglas Fir, rough. 1000 ft. Gaseline, tank wagon, zal; ... Crude Oil. 40 gravity, bbl. .... (Source of Quotes—Chicage:

rib.

Week Ago

1235 8 16% 43 1510 2.05 26% a7 0700 0750 .63 A5Y% 21.55 23.25 4.25

Year Aro 105 A113 34 1170 1.72 .16 09% .0430 0450 47 AT 14.73 - 18.84 3.65 2.35 50.00 38.00 097

Today 1210 S$ 165 45 1496 2.05% 25% 16 069714 0750 62 .463; 21.75 23.25 4.25 2.25 60.00 52.50 090 - 1.27 1.27 1.18 ‘Grafns, “Gvestock, Tard, 'E. St. Louis: Zine.

1b. 1b.

Pender,

Curb Stocks

NEW YORK, April 7.—Following is a list of stocks traded in today on the New York Curb Bxchange.

Es RB Acme = vtec Ext........ 51 ser Sup B ... ki 8 ANSCO sicessen. um Ltd ....oceeveee it J Am Alum Co Df.ceeccevess 118 Sim Goods Al sereesasenesee. 3

r Bm Box Brd serasrrree

High. Low. Last.

51 5a 126% } -

r coessssase 1

BIR SID: Fd Bw

090 e IES Barang NS

3 oo

RICCI ACINICGS = RABI kA CD DIDI 4 w

Am Meter sine Am Potash gen... Am Supe . Am Baber 6 of. ciebesies Anchor P .- Angos W Apex Electric ...

ARN py: of. 1

Ark N Gt A a Bi ide Asso G & E A

Ww UE DIL LINIGY Ord

& OLh Bb

«sevens

Bor Gay Ws els Bickfords tudes 1490 Bliss E W 20

Bourpois Braz TL&P. Bridgpt G L co Breeze Corps- Inc

ruce Co BT Hill & S Burco Inc wts........ ve Co Can Marconi ceeeesnsces Sr pal. 36 ot. . 87 10 Pf cesncdee arrier COD ...oa voces 14% arter Co cieesseinens Casco CD ..ecees’siocns Catalin Cp ...

Chi Rivet . Chief Cons Childs pf ... Cities Serv ..... Cities Serv pf ..

City ‘Auto . Claude Neon ‘Lts

Colon Dev Ltd Colon D 6 pct cv of -

Co : Contl Oil Mex Cont R & Stl Pdi

Cusi Mexic

Dayvion id Day ane Dét G

ord Dom Stl & Leal’ B.. Driv Har Duke Power . Duro Test

Ed Br St J Eisler Elec Nd El B& Sh .....% Ee wts ve Sol A ...¢... 8 pf .

Fairchild Av Falstaff Br Fansteel Met Mf

Fire Asso Phil . Fisk: Rubber ... & pf

Gen Alloys Gen Firep Gen Inv Cp Gen T &

Helena Rub .. Hud Bay M .. Humble Oil .. Huy St 7 pf Hygrade F

i iy El pi Int Hy-El pf . Int pot)

Int Prod gt - Inv Roy N.. Irving Air

Jacobs Co

I Emil .e Koppers pf ..

Locke StI Chn.. Lockheed Air ...

Majestic R & T

Master Elec . Massey Harris .

—- a

BO CO CN oT pt QO BI 14 00 © DO 1 v5 00 i ake ®

a FEN

emp NG Mercantile St Merrit C & 8 Mesabi Iron

en a

g pf Mid-S Pet A vtec Midw Abrasive Mining Can

de GD 0M NN® a

Moore Dist . Mount Prod

N W Engine ...

Prass B Ohio Off of Oklahoma Oldstyme Dist

pac E 6 pf 29% - Pac Lighting pfi....-108 105 Pac. Tin Corp ... 468 » Dani grec, .

1 Inc Invs. .

CHICAGO WHEAT PRICES STEADY AT EARLY DROP

Opening Trade 1 to 11/5 Cent Lower With Pressure on July Option.

By United Press CHICAGO, April 17. — Wheat prices held steady at opening levels on the Chicago Board of Trade today after losing more than a cent a, bushel. After the first hour wheat was 1 to 1% cent lower, corn was 3% to 1 cent lower, and oats were % to 3% cent lower. Trading in wheat from the opening was mixed with some pressure on July but with some further buying in that delivery month against sales of May. A little buying by elevator and cash interests was noted. A fair business in U. S. Pacific Coast wheat was reported worked to the continent. Wheat receipts were 34 cars. Buying on resting orders and some short-covering rallied corn prices from the day's low levels. July futures rallied almost a cent. Purchases of cash corn on a to-ar-rive basis were moderate but exceeded sales by local shippers. Corn receipts were 10 cars.

Chicago Stocks

(By United Press) CHICAGO, April 7.—Following is a complete list of stocks traded in today on the Chicago tock Exchange: High. Loy. Last.

Armour & Co 111, Asbestos Mfg ... v / 278 Berghoff Brew ......... 113; i112 Bruce E L . 24 24 163s 1614 23 378 512 Cities Service 4 Cord 415 SaAnE, Benver Gen Finance Gen Aid Ut Goldblatt Bros Heileman Brew amills Mig A Jarvi B . Roos Sw Bd . Kingsbury Br Leath Co Lincoln Pring

NoWest Bancp . Noblitt Sparks rts .. n

INVESTING CO.’S i askitne Shrs . 1. 5s 1.791 2]Inv F C.. 16.21 .20 . 22.90 25 nd. 10.20 1.40 Mass Inv. 29.32 120m, inv : 17

5 26 12.50/Nat Inv .. 2. 11Ntinwid ie

Agu E 341 Afth PF... EA Am Bus . Am Gen.. Bancam

Basic Ind Brod, St 3

yon

SOND

1289 10) OT 00 00D U1 23 09 1 1a £0 ¢ SHH33 0» pt nN D3 nN

~1CREICINID InN

3 I'S o

Div - Shrs. Fidelity 1st Bost Fix Tr Al “B ....-l1.44 Fund Inv. 24.86 Fnd Tr A §.42 5.00

7.11 26.44

8 2a wo re

30.74|Trstee Ind $i: SOIT St C..

r Std Al 26.28] i B q. ss ELPA.

7.13

Sala

w So nD neo

SND RADIO D UW DN Go OW Eo -

Bris [XIrS

Gen Inv..

.IWell i :

High Pleas Yai ne

cevsans

ene

ainbow B seee % aymond Cone ........ 381; ed Bank Oil ......... 153; eiter Postar ies

Ga pk G3 ett @® 0 RRA NT

ew ah yan Conso yerson Haynes

OH UWS 00 DN NOS

Segal Lock New Seiberling R ... Selected Ind . Sel Ind alcts . 02 Sel Ind .pri pf .... dv. 98% Seversky Air ... Shattuck Dn Sono Corp: ..

Sil L Starrett Cp vie Sterl Alum Sterl Brew

ssieeses gee.

td Tube B

cesses

sscsevue i.

Tubize Ch a eecsesenes Tung S L . : Tung 8 L inf ........cc Transwest Bi

cesses

N. Y. Bonds

DAILY BOND INDEX (1926 Average Equals 100) 20 Rails 95.2 96.7

100.2 92.6

Yesterday

noo 3 i pepe Sint 200

5 low 93.6 (Copyright, 193%, by Sra Ratisties)

U. S. GOVERNMENT Treasury

BONDS “ Low Last 4s 1944-54 G . 3%s 1946-56 3%s 1943-47 39s 1941-43 Mar

3ias 1946-49 3Vas 1949-52

57. 13.

Federal Farm Morienge Bonds 3Vas 1964 101.26 101.28 33 1049 .........., 100; 26 100.26 100.26 Home Owners Loan Bonds

3s 1952 100.14 100.14 2%s 1949 99.14 90.14 2Yas 1942-44 989 Federal Land Bank Bonds i Ask. Yield. 99'> 3.07 3. 07

sue . July 7 ‘12 7 43 1 1958-38

DOMESTIC BONDS Abitibi 55 53 108 106 6 2

4%s Nov.

90% G & W 5s 55 As lis Duquesne 3'2s 65 Brie ref 5s 67

Ac 3s 46 Eo Stl Cas 52s 49.... 9 Gt Nor 4s g 46 128 Gt Nor 4s H on Hudson Coal 5s 62°

Wo RT

HARE DAIOO W100 WN i s

veend Mo Pacif cv 5s 49 ... Mo Pacific 5s I 81 .. Mo Pace gen 4s 75 M& = 312s 2000 Nat P 3%s 51 ww .. N ort T Mx 5'2s 54 ... N Y Cent cv 6s 44-.... NYChiStL6s38.... NYCSt L4lasC 18... N Y Ont W 1st 45 92 .. N Y Steam 5s 51 No Pac 6s B 2047 Nor Pacific 4s 97 Ohio Edisn 4s 65 Pa P & L 42s 81 | Penn RR gn 45s 65 ... Penn RR 4Ys 84 Pere Marq 58 A 58 .... Phil Rd Coal 6s 49 .... Phil Rd Coal 5s 73 3 Postal T & C 5s 53 Purity Bak 5s 43 R 3ree 1 O 4155 50 St LSF 5 B50ct.... St L South W 5s 52 ...

45 Third Ave adj 5s 60.... Un Pac i 4s 2008 een & L 3535

Vanadium 5¢ ols Walker H 414s 45 .. Warner Ero 6s 39 vr Young § & T 4s 61 .. Young S§ & T 32s 51..148

Foreign Bonds

Buenos’ A 614s 55 Buen R 413-4335 77 .... Bulgaria Tips 68 26 Canada 4s 6 Col 6s Oct 61 Cuba 5's 45 . Denmark 2 62

Norway 4V. aS 85. Orient oe Slas 58’

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

Citz Ind Tel LTH) 2s 61. H Tel & Tel Ft 512s "55. W 6s 13; 28 '65.. 60. . ndpls Railway Inc 5s ‘67 \ ndpls Water Co 34s 6 nterstate Tel & Tel S1ae "53. Kokomo Water Works .5s '58.. Morris 5 & 10 Stores 5s '50 ..100 Muncie Water Works 55 65 .. Noblesville H L & JP 62s '47..102 Ohio Tel Serv 6s Richmond W W 5s Sevmour Water 9% i '49 THTrac & L 5 T H Water Works: te 56 T H Water Works 6s '49 Trac Term Co 5s ’57

STOCKS Belt Railroad & St Yds com fw Belt Railroad & St oY pfd.. Cent Ind Pwr pfd 7 Home Tel & Tel Pr Wesne. |

Bg 101} 10315 1041; 104%; .. 98

Lincoln Natl Life d Pub Serv Co pfd N Ind Pub Serv pfd & . *N Ind Pub Serv pfd P R Mallory Co com .

Pub Serv Co of Ind Ts Terre Haute Elec Co 6s. .

Van Camp Mil Co pfd ... Van Camp Milk 2 com

*Ex-Dividend.

BUSINESS AT A GLANCE

GENERAL BUSINESS

American, Bureau of Metal Statistics re domestic stocks refined lead 1oialed 228,285 ions vs. 241. 23 316,271 a year ago: refined pig le lead Stovks. 149.916 tons vs. 163,599 and

LL Sitread of Metal Statistics re--ports February U. 8. silver Production 965,000 fine ounces vs. 5,409,000 in January. total ‘February world output, excluding Mexico, Wag Ah ,000 ounces vs. 14,-

1 ine Vinstitute reports U. S. stocks of slab zinc (all grades) at end of March totaled 18,183 tons vs. 24,618 end February, and 79.693 a year ago; March shipments, 59.635 tons vs. 46.953 in Febru. and 38,087 a Jear, ao: roduction, American Fetto leum Inihidlls week ended April 3 crude oil o ,422,350 "barrels daily vs. 3.43 31, previous. week and 2, 900 Rasoline Soc 83.151, ,000 barrell: ve vs. Ei) an Edison Flectric Institute reports week shasd April 3 3.300.143 production 2,146,20 000 kwh. vs. 3,000 previous week nd 1,867.093.000 year ago. aon Age capital goods: activity index for week Shisled April 3 stood at 89.2 per of 1925-27 average vs. 90.3 previous

reports output aver300

tee reports stocks domestic Eine 378 “Slase. SHE ed 15. 849. J3ns ary an a “Marsh nls, 38 28,402 1

ons HEY

net income, $3,633.615, equal to 34 cents a Sominon share. vs. $3. 023.384 or 18 cents

Pailled Stores Sorp. and subsidiaries. year ended Jan. 31, net profit, $3.406.448. equal to $1.32 a common share, oar $1, 581. - 59 or 30 cents in preceding ye Industrial Rayon Corp. and bsidiaries first quarter net profit, $468,004, equal to 63 cents a share, vs. $198,616 or 32 cents in March quarter 1936. Kroger Grocery & Co. sales for four weeks Space rr Bak tot Aled 0; 995,928 vs. $17,958, a year ag 9p 1.3 per cent; 12 7 30a oe 360.095 cg "$52,302. 151 a year pas up J. rr cent. Lehman Corp. 9 months ended March 381 net profit $10 1949 279, he ie ah 90 a share vs. $7,660,418 or $11.20 ve G. C. Murphy Co. arch Al Ts3 89s. 936° vs. $2,320,346 vear ago. 45.6 per cent: 3 months $8, 448.977 vs. $6, Baa, 426 year ago,

p_27.3 per cen RP rhaclo rer Corp. March sales 10,634 units vs. 8960 yess, 2 0; first quarter sales 26,338 “units vs. 03 year ago. Both quarter and Maier are best in eight

den. according to Paul Hoffman, _Presis en

lens en So. March sales $5, Sie. 516 vs. $4100 94 yea ago, up id cent: 3 months $16, 151, 071 vs. $14, 908, 920 year ago, up 8.3 per cent.

DIVIDENDS:

Public Service Co. special

Communit; regular quia rterly 25 cents on

25 cents an

] solumon Rotel May 1 record 2 Api 7 Gent.

lver Co. $4 payable Ma pedi t on Dec

WEDNESDAY, APRIL 7, 1937

COMPLETE - LOCAL LIVE STOCK

PRICE DECLINES: IN OTHER MARTS LOWERS CATTLE

S| Hogs Unchanged With Top of $10.30 Paid for Choice 235-Pounders.

By Bureau of Agricultural Economics,

U. 8. Department of {Agriculture * It was another draggy session in the steer and yearling trade today. Numerous loads of good, choice and prime steers appeared, but consisted largely of light weights, bullocks scaling above 1200 pounds being very scarce.

Downturns at other leading points yesterday and Monday finally Had a weakening influence here, there being frequent declines of 25 cents shown as compared with the closa of last week.. A few of the upper crust were steady to weak. Prime 1087-pound steers topped at $14.75 and there was a spr inkling of sales between $12 and $13.35. Bulk of the crop moved at $9 to $11.50. Receipts were estimated at 1800 head, hut late indications pointed to a supply that might reach 2000.

Heifers were steady and trade continued fairly active. ‘A package of prime 1105-pound weights earned $12, the highest here in more than a year, Bulk turned to $8.50 to $9.50. Trade in cows turned soft, instances 25 cents lower. Bulls were steady. Hogs were offered liberally, but demand was equal to the supply and prices: maintained a steady front. The top sale of $10.30 on 2a load of outstanding 235-pound weights was 10 cents higher than Tuesday, but this was no criterion of the general market.

Top on the schedule held at $10.20

| on choice 225 to 250 pounders. Sows

at $9 to $9.50, with a $9.60 top, were steady. Receipts were “estimated at 8000 head. Lower live reports from nearby centers and a reported slow movement of liberal fresh supplies at Eastern points failed to adversely affect vealer prices locally. Quality of the run was good and buyers paid steady prices throughout, or $10 ‘to $10.50 for good to. choice vealers and mostly $8 to $9 for mediums. Heavy calves moved at $9 downward. Not enough sheep or lambs {urned up to establish a trade, but values were considered nominally ‘unchanged. ‘Best wooled lamh=z ara quotable upward to $1250. nd choice clipped offerings to . "35. Slaughter ewes are consideir.. sale able from $5.50 downward.

March April Tr

- 10.20 10.20 220- 250), Sood and choice . 10.0 LE Ligh (140-160) Good and choice § 002n. 00 Medium 3 8.70 Lightweights—

160-180) Good Ene

Mediu (180-200) Goon ma Medium Medium Weights-— 200-220) Good. and (220- 250) Good and Heh (250-230) Good and (280-350) Good and Packing Sows— (270-359) Good . 1350-425) Good 4425-550) Good ..... 275-550) Medium Slaughter. Pig (100-140) Good a and choice. .

oie”

—-

choice

choice choice

QQ O00 0000 OK

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choice choice .

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-—Receipts, 1800— (550-900) G

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Cc (900-1100)

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(500-750)

(750-900) Good and smedium.

ommon, medium.

en tn enn 00009

Common and medium Fe Low cutter and cutter ........ ‘Bulls, goad Cutter, com

RAID soba SOHN

Vealers —Receipts. 700—

srs eve slieniiany sean

ou ee Common

oom 3S

90 80D0 69 99 : ood

88-83%

(250-500) Good and choice .$ £50 Common, medium. 5.00 Feeder and Stocker Cattle (500-800) Sond and choice .§ 7.

ommon, (800-1050) Som and Toinm.

Common, Heifers— medium,

Good and choice .. Common and medium. . SHEEP AND LAMBS —Receipts, 300—

na i 88 8838

Lambs—

iso: 175) Good and choice: . ommon, medium..

Co (Sheep and lamb quotations

basis.) on

(By United Press)

AGO. April 7. — Hogs — Receipts including” 7000 directs: market, -unsteady to 10c lower than Tuesdav's of and. ¢ SOWs, mostly 5@10c Fores bulk good and choice 200-3 3 $10.10@ 10.25; 150-190 1 10.10; most packing sows. § Cattle—Receipts, 8000; calves. 15090, Largely steer run, numerous loads forced in by corn scarcity: general killing quality medium to good, sizeable sprinkling good and choice offerings all representative weights here; hardly enough done on early round to make a market; undertone steady on strictly choice and prime kinds. weak to 25c lower on others: early top, weighty steers, 816; few Conds, $13@14: otherwise practically: nothing done, cows very scarce. ste to weak; heifers, steady; bulls, acHve fully steady at $6.65 down on sausage offerin pes 3 oice ship: jer yealerh: Sealy at $9.50@ light kin weak at ow

Shoor Receipts. 4000, jncluems no. directs: practically no early trading ona fat lambs: bidding around $11.75 on best kinds held at $12 and better: fat sheep, barely steady: small lot choice native ewes, $8.50. extremely heavy. $5.50 down: throwouts, mostly $3.50 2nd below CINCINNATI, A —Hog 5 Recainta, 3900, including 1 0 lairect: no holdov. fairly active, uneven: top. $ 1 300 Tbs 160-180 1bs., $10. $9. 25@9 9.75; 100-140 lbs, 8.75; packing sows. $3.50@9.

CHIC 18,000, even,

s135@

Cattle—Receipts, 300: calves, 400; fairly |

active, mostly steady: few good 1000-1b. steers, $11.50: heifers. largely $39.50 down; good cows, [email protected]; low cutters and cut= ters, [email protected]; bulls, u b b good to choice vealers. $ Sheep—Receipts, 50. Little on dals eazy; talking steadv to Strong. good [to che wool-skinned 1 shorn lambs, ter ewes, mai : Tam on re a up to midf

Roughs, $9.25 down. own. Western lambs, $11.50 tive lambs. $11 do Fle WA

RA BTR

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