Indianapolis Times, Indianapolis, Marion County, 8 April 1937 — Page 20

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PAGE 20

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THE INDIANAPOLI

TIMES

THURSDAY, APRIL 8, 1937 .

COMPLETE N. Y. EXCHANGE Sr

STOCKS

«+ The — Financial and Market Page *

COMPLETE | LOCAL LIVE STOCK

STOCK MAR AFTER RAPID RALLY

WIPES

Small Advances Led By Copper and Steel Shares.

Bu United Press NEW YORK, April 8—The stock | market turned dull in trading today after a sharp break | followed by an equally rapid recovery. A majority of issues showed small advances, Copper and steel issues showed gains ranging to more than a point.

UT LOS

DULLS

SES

Barber

Net High. Low. Last. Change.

Barnsdall EBayuk Cig Beatrice Cr ....

Bendix

Borden

Avn ....

Borg-Warner: | Brdgept Brass

Briggs Mfg | Brklyn-M afternoon | Brklvn & Q T

| Brklyn

= SR

| Bruns- -Balke { Bucyrus-Erie ...

| Budd Mf

| Budd Wheel ...

Bullard | Bulova | Bdgept

w ; Br Rts

| Butler Bros pf.. | Butte Cop { Byron Jeksn Co.

Motors were mixed with General | l.call Zine we | Calumet & B=

Motors up slightly on a record sales report for March, and Chrysler | down 23 at 115%. Bethlehem Steel was at 92% up 1%; Steel 112% up 7s; Southern Pa- | cific 58%: up 2!4; Atchison 763% up | li; Anaconda 57% up 1':; De Pasco 74 up %;: Smelting 90', ‘up Nickel 65!'2 up tral 47% up 1; Consolidated Edison 383%,

FIRST HOUR

3%:

up ls.

{ Campbe | Canada

i: | Can Pacific U: 8. | | Carriers | Celanese

Capit A

Celotex Cent

11 Wy .. Dry ..

dm A & Gen

Fdy Co .

{Ch M StP&P pf Ch &

& Nw

Chi Pn Chi R

eu T .. I P

The market opened strong and |Chi R I 6 pi.

fairly active. Later prices turned | nervous as motor shares weakened. | Chrysler opened more than a point | “higher and dropped to 116% for 114 loss. General Motors after reaching 60 dropped to 591s Steel was almost 2 the opening, but dropped back to 112 for only 14 gain and Bethlehem lost | a point of its early advance. South-

. points higher, but broke to 57 for | only 11: gain and New York Central | | Son: Bas B Copper | Cont-Dia of vance, Homestaks broke 12 points to | {Corn Prod

lost most of its early gain. shares lost part of their early ad- |

38 and U. S. Smelting had a small | ‘loss. Volume approximated 540,000 shares compared with 580.000 in the | first heur yesterday. averages: Industrial, 178.98, up .91; rails, 58.56, up .30; utility, 31.09, up .10.

SECOND HOUR

The selling increased and by 10:21 (Indianapolis Time) quotations were 5 minutes behind floor transactions. Losses. ranged to more than 2 points with motors weak. Near: noon, however, recovered and volume declined. Chrysler still had 17s loss at 115% | but had touched 114- at height of selling. U. S. Steel was at 112%.

issues were irregular. Rails showed

mild gains with Southern Pacific |

still more than a point above 57. Coca Cola broke to 158': for 6 points loss. Volume approximated 670,000 shares compared with 380,000 in the second hour yesterday. DowJones averages: Industrial off 0.14; railroad 58.29 up 0.03; util- | vy 30.91 off 0.07. THIRD HOUR Market

The turned

Dow-Jones |

| 12 higher | Copper shares maintained | Elec © gains of a point or more. Du Pont | was a point higher at. 1552. Utility g

| Gon

| Childs

| Chrysler

| City

Stores

| Coca-Cola

Colgate-

P-P

2 | Col Fuel & Iron

Colum

Gas

| Com Credit

for 4 loss. U. S. | gon IH

Com

| Cons

TY lv

points higher at |Comwith & So. Edison

Cons Film

Cons | Gen Rr

Oil

cu ‘pf.

Con Textile 3 ern Pacific opened more than 3 [Cons Coal vic

Cont nt

eo Cont

Coty { Crane | Cream

Cr Cork | |

Container Bak

AL 2 F

Del |

i409 Wheat . 3 & 8 73

Cr C & S cu pt

Crown

| Cudahy | Curtis ! Curtiss-

Curt-Wr A 19 Crwn Zeller pf 10574

| Deere Deisel Del DL

Crucible Cub-Am Sag

Pub

& W G.... 243 & &

| Diam _M pf... 37

Zeller St : iva .. 40 . | 151) Wr 634 183, 105 ste Dyes Co ..:120 11 834 Hud ... 49> w . 193,

Dist Seae

| Dome

Mines...

Douglas Air { Du Pont ..

prices |

East R

Mill. ...

Eaton Mfg Eiting Sch

Elec

v L R27 pf 7934 Paso N Gas 24!, ng Pub § .... 113 | Erie

Erie

Foster

| Freeprt- Sulph 177.93 |

Sabri) Ga

! Gen | Gen

extremely |

quiet and prices were fairly steady. |

Chrysler remained just above 115

for more than 2 points loss while |

General Motors at 593: had U. S. Steel was 7s higher at 1123 and Bethlehem maintained 15 at 921. Some steel preferred shares weakened. - Gold shares were weak

advances.

13 Zain. | ge

gain | Ge

American Can broke to |

Wood Ind

£9 8 rt 4 BD] a3 D2 2030 = ix 3 SAD @atas Noa

nd —

& TT ... 2 34 33% 1, fu . 401% Wheel . 48 . 371 lee

trs A 613 157, 107, 27 5312 451, 531; 413, 233

Ba CY TDD bt et BOLI NE WER -IDID 0a

— Jy

o>; bp Dr mon

a new year’s low at 105 for 2 points | Goodyear

loss. Rails maintained a fairly good | tone, Southern Pacific showing more | than 2 points gain above 58.

¥Yolume approximated 230,000 shares compared with 280,000 in the third hour yesterday. Dow-Jones averages: Industrial, 178.03, off 0.04; railroad 58.36, up 0.10; utility 30.96, off 0.02.

+ STOCK PRICE INDEXES (1926 Average Equals 100) 50 20 20 Inds. Rails Util. « 162.9 61.1 85.6 + 3eb1 63.7 88.2 Month age - 119.0 65.9 95.3 Year ago ..... 146.3 52.6 ae Two years ago 83.8 30.6 50.6 1937 high . 180.3 61.5 10L% 1937 low 57.1 85.6 1936 high 61.0 102.0 1936 low 44.0 80.3 1935 45.3 84.8 = 1933 286 39.3 (opyright, Standard Statistics

NEW YORK, April 8.—New

2 Bonds 134.3 140.7 143.5 122.6 69.7 118.3 134.3 110.5 106.4 106.9 64.0 Co.)

Yesterday Week ago

.. 169.6

1937,

York

4 Exchange transactions today were as {ol- |

lows: Net Chahgze + 114

—— High oy Last Acme Steel 73:2 75s Adams Exp + Adan 18ts — Aadrescograph J1%4 3112 3 Air Reduc .... 044 W's 1 Air-Way El .... 4 Js Alaska Jun 1 14 ~ la Allegh Corp ... 41; lg | Alleg pi 830 w 497; 4913 1a Alleg Steel .... 40 39Va 12 Allied Chem .. 239

1 0 a 3 + 41g

4 13

La 1, 1, 1

Am Chain & C Am Bk Shoe Rts Am Com Ale Am Crys Su Am Enc Til Am & F Pwr Am & FP $6 pf 4 Am & F P 87 pf 33

=i i

Am R Mil! Am Seating .... Am Smelt

14 1+]

‘

th Ge a WN Roan

LHL LEH] 4

0 Le © WOU = -—

— —

r Ii A rie Cork Arnold Const so D G

thee)

Ta Coop © tias wr Ath Corp of e

"ise

Bald Lo yr it & Ohio Balt &o o of =

3975 347 40% 39%

Stock |

| Goodyr

)1 2 EW

| Graham-P

| Granby

| Grand Un

Gt Nor Gt

Hecker

Hudson

Iu Indian

Int, Int Az

Int In Int nt Int ! Int Int | Int ™mt | Tnt

West Sug . Green H LL Grevhound Corp 1373 Gulf St 8 98 Grevhnd 5':

Gt North pf ...

Ore 353, 3314

pf 1

Prod

Herc Mot Hollandr Houd-Her Houston Oil Howe Sound

Mot

Hupp Mot

Central

Ref

Int B Mac

| Inter Tron

{Int T

Is Cr Coal

| | | KelseyKelsey

| Kennett +5 : imberlyv 233 v 2% | Kresge SS

| Kroger

Jons-Man

Hayes A 17!2 -Hayes B 15 ; 58

171, 1473 5674 3934 2453 223;

243 G & B 22%

201, 23 431; 23% "1914 13%

3733

ha £3 0 bt PER x ~

-3 oo J Bn 20 = 00 00 Tn = Di ie

a NO = a EJ

Ww =

W@W 0

£2 ~ T1912 iI Bra ademas

HONW=-1D WL

ED a he LD

“+

Si irrit

[+] Feel]

—-

— pt Ct - a

OW LL td

ae GL Ch Ge

CE En

EE Ww

MARKETS AT A GLANCE

Stocks lower. Bonds lower, led by steels. rails. Government bonds lower.

Curb stocks lower. . Chicago stocks irregularly lower. Call money 1 per cent. Foreign exchange lower in relation fo the dollar. Cotton futures react after early strength. Grains easier. Rubber futures 27 points higher. Silver bars in London off 4 at 21 pence a fine ounce. :

to 29

High. Low. Last. Ore. . 67'2 6612 4 . 10134 1 %

L-O-F Glass Ligz & My B Lima Loco 70 Loew's ‘ 79 Loews’ pf . 103% Loft, Inc . Lone Star Cem. 633 78 Long Bell A. 83 Lorillard: Ludlum Stl

672 10175 68:

17; A

i+;

237, . 35%

McCall Cor; McKess & McLellan St Macy R H Maracaibo Ex Marne Mid . Marlin Rek .... Marshal Fld ... { Mathieson eR Maytag pf ww Mead Torp Mengel Ae Mesta Mach ...

31 . 143 514

302 1373

CEE Nn 3 EN at Een ew

33 C133 . 3004

| Minn-Moline Mission Corp Mo-K Tex Mo Pacific .... Mohawk Cp .... Monsanto

+e 1

Mullins Mfg B-. 3 Murray . :

Nosh Kelv Av lation FE

a | Newberry

3 | Newno: -t, Ind

1 {No Amer

[No Am Avn .. 13 | No ‘Pacific v

8 | Norwalk To ..

|Ohio Oil... { Oliver F Eq | Omnibus .

2 | Qpven Coll Ele

go SS

| Otis | Otis | Otis

Steal

20 S. cv 1 vf

4 | Paé an Fish . E

- =

Dot 2B wd

a | | gmitn AO

"| South Ry + | Sparks With —

|8tan G & E

, | Stone

re Texas Gulf

201; Pac . 314 | Paine 2 . 483% {Pac West %oil . 2715 | Packard .. 10% -Paramt Pict 24345 CIE . 30 53g R814 26 81a

| Parker Ret Pf [Pathe Film | Patino Mines. | Peerless [Penn C & C Penn D Cem

| | | | |

| Rem- Rand Reo ot i Rn Stl 423 Repub St pf A 10015 | Revere Cop . [Revn Met JE. Reyn Tob B ..

i St Jos lead St L-S Fran Dist . YL

| Schenlev [Seay Air || Seab Oil i Sears Roe {|€rvel Inc {Sharon S H {{€harp & D ) Shell Un Oil .. Silver-King .... | Simmons Simms Pet

+ FH]

Socony-Vacuum Bo Am Gold . So Por R Sug . So Cal Ed . | South Pac

| So Ry pf

| Sperrv-Corp Spicer Mig Spiegel Inc | 8t Brands

DEEL

£3 aa

|Stan CG & E pf &E 700 Stand In

Stan Oo Cal ond Stan Oil Ind | Stan Oil Kan Stan Oil N J | Stew War & Web . Studebaker Superiar oD 3) Pa

Swift & "oo Swift Intl Symgtn-Gld

+t 9 ¢ ®

. AE Nm gee a BAT B® @TRNRNNN

. 32° 32 Cp 191,

13% 5934 9

13V4

Tenn Corp 58%4

Texas Corp

Transamerica | Tr & West Air Trans & Wms Tri-Cont Truax Tra 70th Cent- Fox Twin Cv R 1 Twin Coach Too 2

Ratz 159 251g 14115 1

Und E Fish {Union © & P [Inion Carb Un Oil Cal Un Pacific

United Corp United Drug Un El Coal

Leath A . 192 1912 191,

AT A GLANCE

| | | |

3 | 237638

sociation. elcer

cash

The issued

Del share B28 in pe

year a R.

901 or

H. vear ended Jan. 30. net profit $ equal to $3.06 a common share VS. vea Marine

GENERAL BUSINESS

i Engineering News-Record reports con- | struction awerds this week $50,778.000 vs.

or 7 per cent to Automobile

Chain Stores,

Controller of a call

Inc..

the Currency for the condition of national banks and Federal Reserve member banks as of March 31.

FOSroRaTION NEWS

re Pow year vs.

preceding yea

Vallev Railroad oo sh $239.052 - 131 ¢{ two months net Joss. $540, Tid3 vi sant

80.

$1.83 in preceding

& Lite Co., 193 income. fi 305. 00 Rs. $1. 201, 714 in 193s. air, ended Jan. come ©3333. 297 equal to 23 cents a common $102.783 or $2.93 a 7 per cent preferred share in preceding Sear Kresge Department Store In ended Jan. 31, net profit $289, 474 ae "s136. <

31.

$34.678,000 last week and $30.234. 000 year a larch auto sales totaled 350.078

units,

today

net

ear

highest March since 1929 and increase of 102, 177 or 41 per cent over February and over year ago; Manufacturers 5

75 cents or 8-100ths share of common on the

i {common payable to stockholders of record | April 186.

net in-

pruaty; (534

Macy & Co. Inc..and subgidiaries

.604,908

,753, dland Corp. and ‘constituent

banks. trust companies and other affiliates combined first quarter net earnings $800,190 equal to 14 cents a share vs. $983,782 or 18 cents in March quarter, 1936.

Montgomery Ward & Co., March sales, $34.931,168, best for that month in company’s history, vs. $24, 84s, i year ago, up [40.6 per cent over year 0: two months. $57.091,733, un $14, 303. 528. = 33. 7 per cent over year ago J. C. Pen nney,. March sales. $10.822,685. best Moreh in history, ps. $16.282.558 year ago. up r cent: first quarter, $49. - 1993. 320" a i: 944,259 year ago, up 13.7 per cent, St. Louis Sonthwestein Railway Co. February, net loss, $136.042 an $116,180 year ago, 2 months net loss, $237.770 vs. 8161, 036 year ago.

Tenpesses Cor net

Western Se g0s April 3, carloadings 1464 vs, * DIVIDENDS American Machine & Foundry Co.. 25 cents on common payable May 1, record April 17, vs. like ayment on Feb, Driver Harris 3712 cents on common, payable® April I 20, record April 13 vs.

like payment on Joteraationsl iar Machinery Co., 50 May a ' 2 cord April 17 vs. n

cents, payab like ie Payment 0 board Marine & Matanufaciuriog Co. 5% cents, payable May, Je record Ait 26, | vs, 30 cen on 3 Reb, 1 :

, and subsidiaries, 1936 ual to 41 cents a sents in 1935, week ended i248 Year ago.

BONDS DECLINE: 2 GOVERNMENTS TOUCHNEWLOWS

Domestic Corporation Issues Ease Down From Opening.

By United Press NEW YORK, April 8. —-Weakness developed in domestic corporation | bonds today and U. S. Government bonds -declined,” two issues reaching new lows for the year. Republic Steel convertible 41%s of 1950 eased 2 points from the opening to 18712 but still up 3'2 points on the day. New York Central 6s of 1944 at 117 were off 2 points from the high. Northern Pacific 3s, Pennsylvania 3%s of 1952 and Southern Pacific 42s of 1968 were lower. Government bonds lost from 1-32 to 20-32 point. Treasury 4s of 194454 at 109 12-32, off 7-32, and the

8315:

| vnicago Siock Exchange: 5

33s of 1941-43 at 104 24-32, off 8-32,

| reached new lows for the year.

‘Franc Break Under

War Fears

NEW YORK, April 8.—The French franc broke 312 points in the foreign exchange dealings today on fears over the Spanish civil-war domestic political and labor situations. Spot francs here dipped to 4.55% cents, compared with yesterday's closing quote of 4.59% cents, while the discount on 90-day francs widened out to 8! points from 7% points yesterday. Actual business was reported small. ’ Since the close of last week the franc had dipped 5 points coincident with a fall in French Govern-

2 ment bonds.

The pound sterling eased slightly in relation to the dollar.

Pressure Continues On Curb Stocks

NEW YORK, April 8.-—-Metal shares shares and a few specialties continued under pressure on the curb market today. New Jersey Zinc dipped 13, to Newmont Jost 11, at 120, and Hecla was easier. Profit-taking pared earlier gains

oils were firm.

Chicago Stocks Face

Nervous Undertone

CHICAGO, April 8.—Prices were narrowly mixed on the Chicago Stock Exchange today. The undertone appeared nervous but price changes generally were fractional. Such issues as Zenith Radio, Utah Radio, Mid-West Corp., Marshall Field. Lion Oil and Libby, McNeill & Libby had fractional gains. Eddy Paper dipped 12 points and Armour & Co. Chicago Corp. preferred, Katz Drug, Jarvis & Co. and Berg- | hoff - Breweries lower.

; Net. High. Low Last. Change. S. Pine & P.. 62 6012 Realty... 133s 1312 Rubber .. 641, fe 10112 2 98 m1 8052 11374 1111, . 1441; 14414 ve id 3

=o = o — x3 . om

on 8 D oo

BQN Ng ada oa 3 Cy

cddaccaa

Vadsco Sales...

va-Car 6 pf...

Wabash iy Wabash pf A oh Walgreen . Walker Walworth ay Ward Bak B Warner Bros Warren Br ... 4 Warren F&P.. 393%

Woolworth

. 3013 293%

Yellow Tr 5 . 892 2 | #

Young Sneet :

Chicago Stocks

CnICAGO, Aprii 8.—Foliowing lis a com= picte list oi stocks iraded in today on the

3 » 114

Last.

: A Berghoff Brew . grown FPF & W .... Buiier Bros ... Chgo Corp .. Cities Service . Comp Ind Cizs

tt pt

3 -

a -

Gen Finance .. Yen Hshld Ut Gt Lakes Dredge Jarvis B Katz Drug Kellogg id Bd Leath pf Libby Mel 2 L Lion Oil Ref Marshall Field Merch V Mig A Mid West Corp Mid West pf ww Midland Uaited Nat Pres Cook Noblitt-Sparks No'west Bancp 1 Noblitt gener Ris .... Pict Paper .. Pines Wfront Storkline Furn Swift & Co Swift Intl .... Utah Radio Prod 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

Citz Ind Tel A 4Yss '61.. H ‘lel & Tel Ft A 338

N® a

a CBC BO Low Ti Oh ve WO DTT BS I ¥ @ =

fo Od fe

BD AZ bs C3 a bs DID

nr vd

—wd aw

— 2 —L2 own

0 NANDA NN® ®B eR NN i nv C3 ad a Ge DANDE bb D0 ®

Lots od CODD DIOR

313,

Bid 12

Interstate Tel & Tel 5Yas "53. 99 Kokomo Water Works 5s ‘58 . Morris 5 & 10 Stores 5s '50 . Muncie Water Works 5s "65 . Noblesville H L & P 6} Yes '47..102 Ohio. Tel Serv 6s 47 Richmond W W-5s '57. Se mour Waser Eo id ‘49 Trac 5 H Water Works: te ‘56 T H Water Works 6s ii Trac Term Co 5s '57....

STOCKS

Belt Railroad & St Yds com 58!3 Belt Railroad & St Tr pid... 58 Cent Ind Pwr pfd Home Tel & Tel di Wayne. Hook Drug Inc .. Ind Gas Co oon Ind Gen Serv Co Ind & Mich Elec cs nid Ts. Ind Hydro Elec Co Indpls Pwr & L

Indpis Water Co Lincoln Natl Life Ins Co com. 3% *N Ind Pub Serv Co’ pid 51, 79 ‘N Ind Pub Serv pfd 6 *N_Ind Pub Serv pfd 7s P R Mallory Co com . Progress Laundry Co. Pub Serv Co of Ind 6s .

were fractionally | Gt

Curb Stocks

By United Press NEW YORK. April 8.—Following ist Olotioeks traded in -today on the or I change: 3 x x High Low Last

120 120 1601; 15g)

2015 30%, 34% 30 107% 34 =

is a New

Alum Lid ......s....... i

Ark N G cu pf.. Asso G & E pf

Asso Laund .. Asso Laund vtec Atl C Fish

Atlas Plv Austin Sil Mne : Axt Fish A Angos . hiaie air an yale

Bab & Wile .. Barium Stl Bell Air 3 Bellanca Air

Blue Ridge . Bohack 1st of

Buff N Bunker Hh & 8

Can Ind Alc A Cap C P

Chi Flex Shaft Cities Serv Cities Serv pf Citi

ies BB Cities S P L Cities S P L $6 pf Claude Neon Lts

Con Aircraft Con Con Con M & S Con

Con Stl Cont R & Pst1 Fdy Cord Corp Cons G x u Cosden Oil

Croft Brew Crown C Pet Crown Drug Cuneo Pr. Cusi Mexic

rd Dom Stl & Coal B.... Driv Har 33

in the industrial group. Utilities and ' Ea st

El B & S 5 pf Equity Cp -...... Evans Lead Evans Lead pf

Fann

Gen Inv Cp Gen outd 2 Ay) Gen T & R Georgia Pwr AF Glen Alden Godchaux B Goldfield Gor Inc nf ww Gorhm Mig ext Grd Nat Films

Hollinger

Hud Bay Humble Oil

IhP& LSS ........ 8 Imp O Can Imp O C re

LW ord LTD WA OND

i Re Kings Co Lt 2 pf - Kingston PC .

Lake Sh M

Leonard Oil Lion Oil Locke Stl Chn

No-

Ohio Of pf on Oklahoma N Gas “p

Pac Tin Corp. Pantepec . . Pennroad Penn P & Pepperell

Pitney Bowes Pitts

otrero Sug Powdrell & A Pratt & Lamb : Premier- Gold ....... ved oR Pressed Mets : Prod Corp : Prosmerity Co B Prudential In P 8S Ind $7 p pf

Rainbow A Raymond Conc

REACTION SENDS CHICAGO GRAINS ONE GENT DOWN

——a Liverpool Gables Prove Disappointing; Corn Profits Taken.

By United Press

CHICAGO, April 8.—Reactionary tendencies developed in grain on the Chicago Board of Trade today after strength displayed on the opening, After the first hour wheat was 13s cents lower, corn was 1% to 1% cents lower, and oats were 7% to 1 cent, lower. Long liquidation developed when the response to strong Liverpool cables failed to develop as expected and the opening trend to higher levels quickly |turned. Selling was rather general and there were few takers. Wheat receipts were 18 cars. Local selling in corn on the initial bulge in prices was followed by profit-taking | through scattered commission houses. These offerings unsettled the market and prices dropped sharply from early highs. Corn receipts |were 27 cars. CHICAGO GRAIN FUTURES By United Press CHICAGO, api Saloon grain range: July Sh, 1. 11% 9e

CHICAGO CASH GRAIN CHICAGO-—No n Cash Corn—No. 3 low, 81.3613; 4 yellow, $1.3313 355 No. 5 yellow, $1.33.

“ ARGENTINE GRAIN BUENOS AIRES, April 8.—Grain futures opened irregular. Wheat—April, $1.28%s, up 1c; June, $1.28%a. up 7ac. Corn—May, 87%c, unchanged; June, 58%¢. Oats—April, 32's¢; off lac. Flax—April, $1.35%, up %c; June, $1.36%s, up 3ac.|

WAGON WHEAT City grain elevators are paving $1.32 for No. 1 red wheat, other Rfades on their merits. Cash corn new No. yellow $1.22. Oats, 49c. Hay—No. oily $13.50 14; No. 1 clover $1515.50: No. 1 alfalfa. nrst cutting. $16@ 16.50. second cutting, $17.50

MONEY MARKET

. By United Presg

NEW YORK. April 8.—The money market was quiet and unchanged today. Bankers’ a cdepiances 0 71-1670; days, 3 days. 33@33°,: 150 and 180 days, 1 Sn cial Paper-—Prime names, 2% Time Money—60 and 90 days, 1's 150 and 180 davs, 1!,7Rediscount rate at New York—112%.

CLEARING HOUSE STATEMENT

Clearings $2.874,000 Debits 7,904,000

TREASURY STATEMENT WASHINGTON. April 8 —Government expenses ‘and receipts for the current fiscal year through April 6, compared with a year ago:

Expenses Receipts Deficit Pub. Dbt. Cash Bal...

Gold Res. Customs, 361. 1903.660. 78 s Purcha

Toda Inactive Gold 30 644,175. a

708.94 al Purchase Ton 188,912. 30

FOREIGN EXCHANGE NEW YORK, april 8.—Foreign exchange lower, capie Hates Chae England’ (pound 4.893% —.00%a Eng. 60-d. bill rate) 4.38% —.00Ys Canada (dollar)|... 1.000 3-32 —.000 1-64 France (franc) |... .04553% —.0003!2 Italy (lira) . .05261; +-.00004 Belgium (belza) .1684 Germany (mark) .. Germany itr. mark) Switzerland (franc) Holland (guilder). Spain (p=2seta? Sweden (krona) Norwav .tkrone) Denmark (krone) | Australia (pound) | Austria. (shilling) | Czechoslov akia (koruna ve | Finland (markka) {'Greece i(dfachma)

{ Poland . Portugal (escude) { Rumania «leu { Russia (gid. ruble). Argentina (of. peso) | Argent. unof. peso) | Brazil (off. milreis) Braz. (unof. miireis) Chile (peso) Peru (sol) Uruguay (peso) Mexico (silv. paso) Hongkong (dollar) Shanghai (yuan) India trupge) Japan (yen)

NA TY LOCAL PRODUCE (The prices quoted are paid for stock gathered in the country. while for deliveries in Indianapolis the prices are 1- cent higher. “Each hy case of eggs must weigh 55 pounds gros Bggs—No 1 Rony fresh. loss off. 20c¢ 02. Heavy breed hens. 5 Ibs. and Svar. 15c¢. Heavy breed broilers, 1937 stock. over. 22c.| Leghorn broilers, 1537 stock, 2 Ibs. and over, 19c. Bareback broilers, 1937 stock, 2 . and over, l4c. Leghorn breed hens, heavy. 13c. Heavy bree springers, 112 lbs. over. soft meated., 13c. Leghorn breed springers.| 8c. Heavy breed cocks. 8c. Ducks, full-feathered and fat. 1bs. and up. 6c. Geese. [full- feathered and fat, 5c. Nr Dreher, No. 1, 38a 3%'sc: No. 2, 33'2@34)zc. Butterfat—No. 1. 32: No. 2, 30c. |

Low,

10%, 114 40

Et Anthonv G Last, St Regis P

Sel Ind pr of. ivieen. Seversky Air ..... Shattuck Dn

Sono Corp Soss Mfg So Uni Jnign

Gas |.. South R

@.- aoe

Obs

= *

— wn 3 oe «SNe

Stutz Motor . Sun Ray Sunshine M Std Tube

Taggart Cp Taylor Dist Technicolor Teck Hughes yoy Prod E

Tubize- -Ch at

PRICE INDEX

' Yesterday Week ago

cee es 157.10 Month ago .....

Todav $ 1.45%

1.383; 1.231% 531%

Commodit Wheat. No. a red. bu, .........

Corn, No. 2 vellow. bu. Rye. No. 2. bu. ....... Oats, No. 2 white, bu. Flour, spx pat 196 1b. sk. .... Lard, prime steam spt.. Ib. ..ss Coffee. Rio 7s apt.. Ib. .......q0 Sugar, raw. 96 test, Ib. Butter, 93 score. Ib.

tvsencie

Hogs, avz. most sales. Ib most

DAILY PRICE INDEX

NEW YORK, April 8.—Dun & Bradstreet'’s daily weighted price index of 30 basic commodities, compiled for the United Press (1930-1932 average 100):

156.13 Year ago ..... .. .. 1937 high (April 5) . .150.66 | 1937 low (Jan. 29) ..

Following are the prices used in compiling the index:

+1935

N. Y. Bonds

BOND PRICE INDEXES

(1926 Average Equals 100) 20

20 + Ralls 94.9 96.2 100.0 93.7 4.2 101.2 94.9 100.4 84.7 86.4 71.0

"Inds. Yesterday Week ago 4 Month ago..... Year ago....... Two years ago. 1937 1937 1936 1936 1935

(Copyright, By United Press YORK

W complete list of bonds traded New York Stock Exchange:

20 Util, 102.4 102.6 104.5 104.9 95.1 106.0 102.4 106.2 103.5 103.6 89.3

60 Stocks 96.4 97.1 99.5 96. 84.9 100.7 96.4 100.2 93.3 93.1 83.0

1937, Standard Statistics Co.)

April 8.—Following is

a today on the

U. S. GOVERNMENT BONDS

Treasury Bonds

Federal Land

July

v. 1953-38 . Federal Farm

98 24 97.1

Bank Bonds Bid. Ask. Yield. 99 993 3.05

Mortgage Bonds

101. 10 101..10

Home Owners Loan Bonds

/ 55 55 AS 17 Duquesne 3!>s 65 1-.103 Flor E Coast 5s 7a] Gen M Ac 4 3 81. Gen M Ac Gt North ahs 2 Gt North 4i:s E Gt Nor 4s H 46 .

4 Mead Corp 65 45 WW... Mo Pac 5s 1 381 Mo Pac 5s 80 ct Mont Pow 334s 66 .... Morris & E 4'2s 55 .... Nat D P 334s 51 ww .. Nat Steel 4s 65 . N Y Cent cv 6s 44 N Y Cent cn 4s 93 at NYC St Jace. NY NH & H 55 .e 4 NY Ont W ist 1507 Nor Am Co 5s 61

| Nor Pacif 3s 204 7

Phil Rd Coal 6s 49 .. Basil T&CS 53...

R Steel C 4755 50

St 45 Seab Air Line 6s 45... Soc Vac 3lss 50 So Pacific $5.8 §8

Union ee 3s 71 UPA&LS5s 59 ww Va Elec 4s 55 Warn Quin 6s 3 W Maryland 4s 5 Wilson 4s 55 Young S & T 4s 61

100.4 99.2 98.26

Last. 106 9534 10434 38! 9614 103 103 981: 9874 104 8 9274 1041: 120 108 2973 103g 20 1

FOREIGN BONDS

Brazil 6!>s 26-57

Japan 6'ss 54 Mex 4s 10 sm-as Norway 6s 4 Norway ats Orient Dev 6s %53 Peru 6s 60 Poland 7s ; i Rio de Jan 6's 53° Rio Grdo Sul 6s 68 .. Taiwan El 5s T1 . Tokyo 5las 61 . Westphalia 6s 53 Yokohama 6s 61

INVESTING

x COS

(By N. Y. Security Dealers Assn.)

Bid Ad 5 2 13 86 Affl 0.61

: 29° 75 1.23 1.13 7.63 11.13

Asked!

5! 3 he

wo mae

—

CNN DW Tana oomn Omuhe . a J Now PWON NC

Asked

20.06 Mut Inv 11.52 Nat Inv.

INY Bhk 5 N Al Bd 58.63 £2. 83 IN Tr 2.15

adi Ane. 18 ..!Sel Cum

Sv. ISel Inc

558... |S» Trask 21.45 22.11 4.20 44

31.00 Std Am ee Std]

util

93 1.00 JT. nn 120, 00 ‘A 148

5/Sup rvized 14. 4)

‘Trtee

YD. 5.23 Trs Std . 1.7 1B

13 i juss B:

i: py "vi 30.22/Well F

Keystone Md Fund

9.88 Mass Inv 28.48

Am 'Trstee Ind 153 Tr, St C

3.09 3.03 8.14 63. 4 17.34 30

- 2018

BANK STOCKS

- (By Blyth & Co.,

Bankers Trust Central Hanover Chase National .

Inc.)

Chemical Bank & Trust i

Guaranty Trus Irving Trust : Manufacturers Trust. . National C lc First Natianal, National Shaw National _Gity.

Boston’ Cleveland

AND COMMODITY QUOTATIONS

Commodity— '

120.48 158.26 141.47 e 1.ead. spot. Ib. Zine. spot, Ib.

Year A=n § .96Y%4 6174 S57% 201% 6.350 1110 0814 0375 ~ .1b60

Week

Cement,

ville: Coke,

Lambs, ave. most sales. 1b. .... Hides. native hvy. steers. 1b. Wool, fine unwashed combing, Ib.. Cotton. mid-upland. Ib. Silk, 13-15 deniers Jap, Ib. Rubber, spt. smk. rib, Copper. electrolytic. 1b.

Tin, straits spot, b.. Silver, commercial bars, oz. .. Steel 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, gal, ... Crude Oil, 40 gravity, bbl.

(Source of Quotes—Chicagos scrap and hides, Boston: Woel.

Week

Today Azo A190 8 JA63% 435 1467 2.041% 243% 16 060213 ese 0750 6014

$ 45

1b.

mea

L508

sree

21.73 23.25 4.25 2.25 60.00

090

1.27 1.27.

E. St. Louis:

1240 16%

A517 2.032 26%

0700 .0750 6334 A5Y%

52.50

Year Ago $ .10%5 A134 34 . «1169 1.72 18 0914 0460 0490 A7 443, 14.75 18.84 3.65 2.35 50.00 38.00 097 1.18

Grains, avestock, lard, steel Zing. Connels-

HOGS DECLINE 15 CENTS AT LOCAL YARDS

Packing Sows Are Steady at $9 to $9.50; Vealers Face Pressure.

By: Bureau of Agricultural Economics, U. 8S. Department of Agriculture Hog prices yielded ground today to another liberal run. The general 15-cent decline put prices on practically all weights of barrows and gilts back to the levels pravailing at the close of last week. Today's topat $1005 was. 25 cents below Wednesday's peak. Shipping orders were very light early, expanding later when the de-

Sows remained steady, bulk $9 to $9.50, top $9.60. Hog: receipts were estimated at 9000, the heaviest of the week. "The cattle supply consisted almost entirely of slaughter she-stock. Odds and ends of steers moved about steady with Wednesday's lower close, or 25 to 50 cents below a week ago. Up tp $12 was paid for some good steers, other sales ranging downward to $9. Other killing classes were steady, heifers turning at $8 to $9.50 A range of $5.25 to $6.50 included most sales of common and medium quality beef cows, with cutter grades at $4 to $5. Good cows ranged between $6.75 and $7.75 and a few choice grade reached $8.50. Top on. sausage bulls was $6.50. Vealers were under early pressure in [the face of liberal supplies, but sufficient competition on shipper account developed .later to hold prices steady, upturns at nearby centers contributing the chief support. Good and choice vealers sold from $10 to $10.50, with medium from $8 to $9. Heavy calves were likewise unchanged at $9 downward. Increased supplies - locally and lowered values at Chicago conspired to reduce wooled lamb prices 50 cents, with clippers off 10 cents. Wooled Western offerings ranged from $11.50 to $12.00, with the best freshly shorn lambs $10.25. Other sales included a double deck of fall clipped 90-pound averages at $10.75. Best yearlings brought $9.50, with others at $8. Slaughter ewes were unchanged at’ $5.50 downward.

Bulk $9.65 10.15 [email protected] [email protected] [email protected] 9.70 10.20 9.70@ 10.20 9.50@ 10.05 Light Lights 1140-160) Good and Medium Lightweights— (160-180) Good. ane

(180-200) Good 7 and

Medium We Maan 1200-220) Good and (220-2507 Good and Heavyweights— 1250-290) Good 1290-350) Good Packing Sows 1270-350) Good (350-425) Good (425-550) 1275-550) a. os 1100-140) Good and choice... Medium .....

April Receipts 1 6000

choice. .

“choice

PVE

choice. . choice. .

choice . choice. .

and and

WMH DD

. ee LDOLD oo

—-Receipts, 900— (550-900) - Choice Good ... Medium Common Choice .. Good ... Seam

Common .. (1100-1300)

“«» —

ANNO -IUNNDN ~T ODO OOOPIO LID WY

DID

——

(900-1100)

—

2299998 fo

2D YI WDD TUDE AI mI ED

WADLER DR ANB W VROIPQUODOUNIUI

ht pt (hp

M (1300-1500) Good

(500-750) g

&ond od medium .

(750-900) : Common, medium.

Common and medium Low cutter and cutter Bulls, good Cutter, com Vealers —Receipts. 700 Good 3nd choice Mediu Cull oe ‘Common

(250-500) Good and choice. .$ 6.50@ 9.00 Common, medium. 5.00Q@ 6.50 Feeder and Stocker Cattle (500- 800) Sood and choice .$ 7.00@ mmon, medium. (800-1050) Sen and choice . Common, medium. Heifers— Good and choice .. Common and medium SHEEP AND LAMBS

—Receipts, 1200—

wo 3333 SS 9293

Lambs —

wes-— : (90-1175) Sood and choice. A mmon, medium.. 3.50@ 4.30, b {Ohoep hs lamb quotations on clipped asis.)

CHICAGO. April 8.—Livestock: Hogs Receipts. 18.000, including 7500 direts: .market. uneven, weak to 10c lower than "Wednesday's average. spots offerings. 15@ 25¢ gow s good and .choice 200-3 Fond “pack, 150-190 Tbs. %90 packing sows; 4000:

Cattle Receipts, eral market a and. vearlings. strong: hoe feds, predoniinating;* fargely 89@ 12, with moderates sprinkling down to $8: best fed steers, Flv, 814.50: load or so held above $15 no strictly choice or prime steers here: shippers and order-buvers showing a little more activity on good and cheice offerings: all steers and yearlings grading good to near choice, 254 50c lower tha week ago, mostly 50c off. stockers an feeders accumulating in second hands dus to.very narrow country: demand: all shestock. firm to shade higher: best heifers, $10.66: bulls, fully steady at $6.65 d selected Jealers.

Sheep —Recelpts, directs: opted Colorados . comprising 90 er cen run: market opened mostly 5@20c bi ther: around 20 loads good Colorados, $126 12.25; few merely good clippers, $10.25. scattering choice wooled ewes. up to $6.50. LAFAYETTE. Apr steady to 15c lower; 10; 200-275 lbs., . 89. 809. 70: 150-170 Ibs., $8.504i8.75; $9.25

$1150 dow WAYNE, A HOES 15¢ 1 gown; 32 225-280 fos. oo 85: 450- a "het

$9.8 200-225 18! $9.65; 2 ; 3 . Ibs. : 1bs,. lbs.

1bs,, Calves,

own; $9.50@ 10. mostly $7.25@

13.000. including 1500

il 8. —Hogs—M 275-335 bs, 38800 0-200 Ibs, 130-1

ov 508 130 roughs, $10 down.

Calves, Lemos

Lambs, CINCINNATI, pril —Hogs— 2350, including 130" Hiroet: Rev market, opening .slow: later: 1 15@ 25¢c Jower; Ch $10.10; 300-350 29.8. 1

140-160 ig «$9.90;

80 1 100-140 Tos.. Siw

arket, * if 25: Lhe vealers steady: ood 3

. 50: market, stea good h wooled skinned lamb 8 ed’ $12@ 12.50; slaughter ewes, mainly $3, down; small lot choice spring lamba,

‘FOOD PRICES

les—Mic Ry Potatoes 1 omnd Puerto a [email protected]. Carrots— 73@90c. Spinach—Texas, bu,’ $ Tomatoes—Mexican, jugs, .25@ aulifloper Califo joipia, crates, $1¢

27.38;

cline put values at attractive levels, *

sharply .

| { : £ ! i i tf i f