Indianapolis Times, Indianapolis, Marion County, 9 April 1937 — Page 38

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FRIDAY, APRIL 9, 1937

THE INDIANAPOLIS TIMES

PAGE 38

| COMPLETE N. Y. EXCHANGE | STOCKS

AMUSEMENTS LEAD STOCK MARKET IN ~ STEADY ADV ANCES

Steels Make Strong Recoveries From

COMPLETE LOCAL LIVE STOCK

HEAVYWEIGHT HOGS EDGE TO FIVE-CENT GAIN

Vealers Close $1 Higher Than Yesterday’s Figures.

aye Ww

arket Page -

EORDENAL |. ¥. Bonds OF GOLD PLAN | zz FIRMS GRAINS

ao ts ll Strong Wheat Gains Are Partially Erased.by

Yesterday ..... 91.8 94.5 102.1 Selling.

inancial and BONDS RECOVER | Curb Stocks

FROM MORNING rl rs ei] SELLING SPREE

list of So bla in today on the New York Curb Exchange: Roosevelt Denial of Gold Lifts Pressure Off List.

e Times

MARKETS AT A GLANCE

Stocks irregularly lower. Bonds irregularly lower; U. S. Government issues irregular. Curb stocks irregularly lower. Chicago stocks irregular. Call money 1 per cent. Foreign exchange weak in relation to the dollar; French franc off more than 7 points. Cotton futures 8 to 19 points lower. Grains fractionally irregular. Rubber futures 54 to 92 points lower. : Silver bars in, London up 1-16 at 21 1-16 pence a fine ounce,

60 Bonds 96.1 96.7 99.5 96.4 85.0 100.7 95.1 100.2 93.3

Hi Last Acme W vic Ett ...... 49 | Alles Fish Alum Ltd Ahinl Co pf. ....... eons Am Beverage .......... Box Brd

Week ago ..., 92.1 95.6 102.4 Month ago .... 94.3 99.6 104.4 Year ago 91.6 92.7 105.0 Two years ago 85.1 74.8 95.1 1937 high 95.0 101.2 105.0 1937 low . 91.8 94.5 102.1 1936 high 94.8 100.4 106.2 1936 low 90.0 84.7 103.5 1935 high 91.4" 864 103.6 93.1 1935 low 83.6 71.0 88.3 83.40 (Copyright, 1937, Standard Statistics Co.)

i ———— : U. 8S. GOVERNMENT BONDS Treasury Bonds

Net Low Last Change 37% 43% 26

By Bureau . of Agricultural Economics, TU. S. Department of Agriculture

Hog prices here improved a shade today despite a continued gain in 11 market receipts "as compared with a week ago. Weights above 160 pounds were 5c higher, while light lights and pigs held steady. “Top of the market crept to $10.10 on choice 225 to 250-pound weights. Sows were steady at $9 to $9.50, top $9.60 for smooth lightweights. Receipts here were fairly liberal, esti=mated 6000 head. The usual scant Friday supply of cattle consisted mostly of slaughter cows and heifers. Trade on steers was steady, anda all classes moved at about the same levels as Thursday, cows showing a bit more activity. A range of $9 to $11.50 included sales of steers. Heifers turned at $8 to $9.35. Common and medium quality beef cows turned $5.25 to $6.50 and cutter grades brought $4 to $5. A few good cows moved at $6.75 to $7.75. Top on weighty sausage bulls held at $6.50. Receipts were esti= mated at 600 head. The vealer trade this morning was uneven. = At. the start prices were strong to 50c higher, or $10.50 for choice kinds, but before much time had elapsed good to choice vealers jumped $1 above Thursday's level. Good to choice for the day sold from $10 to $11.50, with mediums mostly from $8 to $9.50. Heavy calves went at $9. down, or steady. Quality considered, lambs sold steady to strong. Around 65 head of choice wooled descriptions went at $12. A load -of strictly choice clipped lambs took the $10.50 money, but most clipped kinds from $10.10 to $10.25. Slaughter ewes remained 75 | steady with yesterday, at $5.50 down.

By United Press 1 CHICAGO, April 9.—President Roosevelt’s denial today that the Government planned a change in its gold-buying policy brought an immediate bullish reaction in grains on the Chicago Board of Trade. At the close of the first hour wheat was 14 to 142 cent higher, corn was unchanged to 7 cent higher, and oats were 3 to 12 cent higher. Immediately following the President!s announcement a sharp rally started that carried prices in all} grains to and above the previous | close. Wheat prices made strong gains but selling on the bulge erased portions of the advance. Wheat receipts were 13 cars. Corn carried the previous close on the bullish White House announcement and held the gains in May and September wheat. Profit-taking on the bulge held July prices to the previous close. Corn receipts were 28 cars.

Boeing Air Bohn Al B Borden Borg-Warner .. Bdgept Brass .. Bristol-My at Bklyn-M T bof.. BGlyn U Gas .. Bruns-Balke Bucyrus-Erie ... Budd Mfg Budd Wheel Bulova Burroughs Rdgept Brs Bush Term Co 82 Butler Bros .... 1554 Butler Bros DE. Ya M 26

Zink

By United Press NEW: YORK, April 9.—The listed bond market rallied today after a wide break at the opening and recovered strongly from the lows. Rumors of a change in world monetary policies brought heavy selling at the outset. Pressure was lifted as President Roosevelt said he knew of no gold change. Re- | public Steel 44s of 1950, Youngstown Sheet & Tube 3%%s of 1951 and New York Central 6s of 1944 led. U. S. Government bands firmed irregularly, low-coupon funds featuring. :

Rally on Curb | Falls Short

NEW YORK, April 9.—Curb stocks rallied slightly from mid-morning llows but the list generally was still lower. Lake Shore dipped 2 points to a new low of 51': and then recovered to 52'4 for 1%. loss. Shattuck Denn eased [3% to 183: on heavy | & turnover while Hudson Bay and Hecla firmed. Newmont held an early gain of 2 points. Aluminum Co. of American sagged 2 points to 158. Carrier and Babcock & Wilcox idled after losing a point each. General Tire & Rubber dipped 3% to 3214 and other rubbers were unchanged. Heavy industrials were irregular. Gulf was 1: higher at 57% recovering from 55%. Humble, Lion and Creole lost fractionally. Electric Bond & Share rallied from a low [of 20 but was still off. Cities Service was unchanged while others were mixed.

Excited Cotton Trade Weakens

NEW YORK, April 2.—Cotton futures weakened in excited trading today. The list fluctuated erratically in a 35-point range below the previous closing levels. After opening 10 to 17 points lower, prices broke to losses of as much as $1.75 a bale. A statement by President Roosevelt that the United States was contemplating no change in its gold policy brought a swift recovery which carried prices forward almost $1.50 a bale from the lows. The rally was not fully maintained, however, selling breaking out on the bulge and hammering - prices about 50 cents a bale from the highs. - Around midsession the list was 16 to 18 points net lower.

Chicago: Stocks Gain In Quiet Market

CHICAGO, April 9.—Stock prices improved in nervous trading on the Chicago Stock Exchange today. Dealings were quiet. Bliss & Laughlin rose 11% points io 40%2, while Armour & Co. Libby, O'Neill & Libby, Marshall Field, Midwest Corp., Rollins Hosiery preferred and| Utah Radio had fractional gains. On the other hand, Butler Bros. preferred sold off 3; point and fractional setbacks were recorded by Quaker Oats, Zenith Radio, Noblitt-Sparks and Katz Drug.

Chicago Stocks | Mangel Strs pf

CHICAGO, (April 9.— Following i _. | McWms Dredge plete list of stocks traded in oy Ree Mead Johns Chicago Stock Exchange. Mex O Oil High Low, Last,

: Mich Bumper Advance Alum 91, Mich Sug Armour & Co 103 | Mid-S Pet A ne Asbestos Mfg 274 | Midl Ry pf sv Berghoff Brew w

p Am Super 6 pf

‘High 4s 1944-54 [.......... Angos W .

338s 1943-47 |.. 3lgs 1946-49 ... 3s 1951-55 3s 51-55 reg ... 3s 1940-43 278s 1955-60 27as 55-60 reg 2348 1945-47 | 2%s 1951-54 . 225 1949-53

Federal rand Bank

Morning Lows.

Asso G Asso G & Asso G ~ BE

BylL At] Coast Line

‘nited Press NEW YORK, April 9.— Stocks made a slow, steady " recovery today after a morning decline. Gains ranging to ~more than 2 points were recorded. Best advances were made in amusements. Loew/s reached 80%, up 2; steets made wide recoveries. - Steel common touched 110 and came

back to 113%, up 3: net. Bethlehem at 923; was up 1%

FIRST HOUR

The market opened lower, ran into fairly heavy selling that brought new lows on the movement, | and recovered only moderately | . from bottom prices. American Can | reached a new low for the year at | 1013: for 1; points loss. U. S. Co Tw S5'pT 5 Steel at 1103: had 2%. loss. Chrys- | Cong-Nairn 39 ler was 273 lower at 112%. Ana- [Sons Ripon conda lost 2 points to 557s and | Cons Laundries American ‘Smelting S.

Net High Low Last Change Automatic Prod ... AXxt Fish A 20'2 28%, 332 23%

Nash-Kelv 20% Nat. Biscuit Nat C Reg Nat Dairy Nat Distillrs |...

DSTI pr

3Vis Ma 4s July ¥ 1946-44 4s Nov. 1957-37 4s fir) 1953-38 41s May 1957-37 Nov. 1 3 Federal Farm Mortgage Bonds High Low 100.13 100.13 Home Owners Loan Bonds 100.2 98.30

DOMESTIC BONDS

Am & For PB 5s 2030 . Am Ice Co [5s 53 Am Type Fd 5s 50 ....151 Anglo oh 1967 3 Arm Co Del 4s 35 AUC LLEES 52. B & O 1 60 Pp &O *48 Beth 3 334s 66 Bklyn M T%4las 66 klyn U Gas 5s 57 Can South 5s A 62 Cent Ga Rys 5s C 59 . Cen Ga con 5s 45 .... Cen RR N J 5s 87 ... Ch & O 32s 96 E Chi East i 5s 51 Ch MStP&PpP517 297 Ch M St P & By 2000 loti 34s

Farasiown Dist 1ne.. Bab & Wile Baldwin Loco ‘B rts... Barium Stl . Bellanca Air Ber Gay Fur Bliss E W Blue Ridge Blumenthal S . Borne SCry ...s eases. Bower R B .. Bow B Hotel Braz T L & Brown Co pf

fed

ERR SCR

hus

S00 bs et TODD et

Last 100.13

— -3 =

I EI:

Cer de Pasco .. Certain-teed ..

OT =) w

. .

3s NX Sound Rts 2%s 1949

NY NH & H pf. 18% Norf South .... No Amer No Am Avn ... No Pacific

B Burma rcts

Can Marconi Carnegie Met Carrier Sop. Carter Co .

Casco Op Cent H G&E Cent S Elec . Centrit. P ... Cherry Burrell Chi Flex Shaft

= Lo

Ohio Oil Oliver F Eq |... Omnibus Otis Elev Otis Steel we Owens Ill G |...

Pt 0 dB

Fld G0 01 20 3p oi = 3 = Oh me O NON

| Colgate- P-P Col Fuel & Iron | Colum Gas | Com Credit Com In Tr Com Solv ...... Commonw & So

Woda

PN NARA

Par Alt Sisk CHICAGO GRAIN FUTURES rae am NOON RANGE Pacfic Ltg 55 Pacific Mills... J Pac West Oil .. 0h Packard se Paramt Pict .. 241% | 2pl... 217g |

Para Pic 2 Park Utah |... 5% Pathe Film .... 73 Patino Mines . 18): | Peerless .. .... 63% Penn C & C|. 473 Penn D Cem -.. 8% Penn G Sd cts 25 Penn B = fue 3 Pet C Peiffer rw Phelps Dodge Philip Morris Phillips Pet Pitts & B Pitts Stl Pitts United .. Plymouth Oil Poor B .... ..s+ 25 Postal Tel pf .. Press Stl Car . Proctor & G 12 | Public Serv ... 2 Ys. Pub Serv 5 pf.. Pullman 308 Pure Oil . 38 P O 6 cu cv. pf 10373 Pos Bak «19

July 1.25% 1.20Vs 462

1.062

Sept. ih 1.11% 437 { Cons Oil .. Bi and U. | Cons Oil 5 pf .. S30 Smelting were weak. Southern Pa- | Con Rr Cu pf .. 3 : =1 +3 | Cons Coal vtec .. cific lost 2 points to 55%. American | container 3 Telephone broke to a new low for | Cont Bak Bl. the year at 167!%, off 1':. | Cont Ins Volume approximated 470,000 | | Sons Ma Bobs shares, compared with 540,000 in the | corn Prod " first hour yesterday. Dew .Jones | Coty . : { Crane C averages: Industrial, 176.71, off | 1.47; railroad, 57.81, off .69; utility, | 30.66, off_.35.

Crne Co cm of 1157 SECOND HOUR

Cr Cork & S. 1! Crown Zeller .. 93” ! Grucible St .... 705% | Curtis Pub 3h | Curtiss-Wr | Curt-wr A . 185; + The market rallied sharply on | wwf President Roosevelt's announcement | [Doren ne. 7 3. of no knowledge | of a gold price BL 1852 change and about half the losses] were erased. Quotations were three | minutes late. Trading quieted and a slow recovery continued. TU. Steel reached 1123 and had % loss | there. Chrysler came back to 115 | East R Mill ... 13 where it was % lower. Rails moved | Eat Kodak ----133 up tc around previous closes. Metals | Blog JAutos -L 3 improved, Inspiration showing 2 (| Biee Boat -. Ind 5% gain at 25, International Nickel 1 | EL fails is 21 gain at 65%, Homestake 3 Deine FIP & L 87 pf. T1l% gain at 390 and St. Joseph Lead | Equi Blag i... 1% gain at 521i. 28 Volume approximated 420, 000 | shares compared with 670,000 in the | Fed Screw - second hour yesterday. Dow-Jones Eid Fhen «7c 28 averages: Industrial, 178.12, off .06; First N Strs... a railrcad, 58.21, off .29; utility, 30. 85, | Elintkote Co 2

off .16. !

THIRD HOUR EE

The market continued its slow re- | Gen covery. Chrysler rose to above 116 gu Can] for more than a point gain and |Gen General Motors was fractionally | §¢} higher. U. S. Steel showed a frac- | | Gen tional advance at 1137s, while Beth- | | Gillette SR lehem and Republic also strength- {ohel Bros 24 ened. Atchison led rails with 2% | Gobel. Adolf ... gain at 792. Oils improved under | Goodrich 43 lead of Texas Corp. Amusement | Geeham.p shares were in demand as Loew's gained 2 points to 80'i, while Warner Pictures and Paramount were | active and fractionally higher. | Hall Print Volume approximately 320,000 | Granby Rts shares compared with 230,000 in the o

9 . 101%

Argentine Grain BEUNOS AIRES, April 9.—Grain futures opened irregularly higher. Wheat-—April, $1.27%3, up lc; June, $1.26%, up_ lec, Corn— Mal, 57'%c, unchanged; June, 57%c, up lsc. Oats—April, 32V3s, “unchanged. Flax-—April, | $1.34%2, up Yac; June, $1.35%, up Yc,

LI+H+L

BI BO BD LAD MNO ND 00 OO bn = LO ID Wb

Co! Con R Me Su Fdy . Contl Sec . Cook P

Liverpool Wheat High,

1.50% 1.40% 1.462

WAGON WHEAT City grain elevators are paying $1.33 for No. 1 red wheat, other grades on dhol merits. Cash corn how No. 3 yellow 22. Oats, 49c. Hay—No. mothy, $13. Oe 1: No. 1 clover. 815@15. »: ‘No, 1 alfalfa. first 1 cutting. [email protected]: second cutting. $17.50 S 3 .... 9]7 913s 91 oG

MONEY MARKET "ad

9.65@ 10. 15 NEW YORK, April "9—The money market was quiet and unchanged today Bankers’ i days. Un @T- 16 per cent; nd 90 days, 5s@9-16 per cent: 120 days. 34@3%s per cent; 150 and 180 days, Ta@¥ per cent. Commercial Paper—Prime names, cen Time Money—60 and 90 days, cent: 120, 150 and 180 days, Rediscount rate at New York, cent.

ities

Gen Am Inv 5s 52 .... § 10

Cusi MEXICO -vesvrsinsn ,. | Goodrich 65 45

1+]

Da rby Pet 1.39

! +

612 18'2 . e Det Gkt 6 pf ww Det Gry Ir Fdy Distilled Lia Dom Stl & Dom Tar & Ch Driv Har

& Co Hud w

DNDN ID Pd

| Dist Seag Dome Mines ... | Dom Strs ... | Douglass Air {Du Pont

att To Ge 43 GY NN o> So

Fite ll;

1933 102% : : Receipts ; Mo Pacific 5s F 77 .... 6000

Mont 1000

7000 Radio es 7000 dio K-Or *| Raybestos ading Rem-Rand Reo Mot ./.... Republic Stl Revere Cop ... Reyn Spring Reyn Tob B ... Roan-Antel

N ¥Y Cent. [cv 6s 44 «1112 N Y Cent ref 3s 2013 is NY. NH H cv 6s 48 we 47 N YNH cv fh 56 Nor A Edi 5%s 63 No Pac 6s B .2047 Pac T & T 3%s 66 C Penn RR 33%s 17

[email protected] [email protected] ig ht Lights— . t140- 160) Good and choice. (160-180) Good and choice. Lightweights— Meoium

BORA aL

El S Emp G FP 6 pf Evans Lead

8.85 9.6 9,50

8.851 5 8501 S51 35 9.1

1 per

1% ver 11> per cent. 1Y2 per

Fidelo Brew

& L Pp i 1 . Ford M Lid

e+)

9.7 9.7 0.

Medium Weg — (200-220) Good and (220-250) Good and Heavyweights— (250-290) Good (390- 350) Good Packing Sows— (270- 850) Good . (350-425) Good (425-550) Good : (375- 550) Medium Siaughier Pig (100-140) oor and choice.. Medium

CATTLE —Receipts, 600— (550-900) Choice v + Good Medium

Common (900-1100) Gi

St Jos Lead .. St L-San Fran. Savage Arms . Schenley Dist Seab Oil Sears Roe

CLEARING HOUSE STATEMENT

CleATINES . .. livin vanes «uel 3: 146,000 Debits 7,147,000

9.85@ 10. 9.90 10.

choice... [email protected] choice... [email protected]

. 9.35@ 2.480

choice. . choice. .

bod

St L SF ites 78ctst ... Shell .Un O 3's 51 So Pacific] 4'2s. 68 .... So Pac 4'2s 69 ww .... So Pacific ref 4s 55 ... So Pac 33s So P.Or 4l2s AT Sou Rwy 5s 94 wine Tex Pac 1st 5s 2000 ... Png Pac 1st 4s 47 U S Rubber 5s 47 UP&L 5s 59 ww FILS Warner Bros 65 39 .. West, nd % 46 25d. West Sh 4s 236 Sh Wheel Sti 412s 66 Foreign Bonds Antwerp 5s 58 . Argent 6s Sept 60 Belgium 62s 49 .. Buen A 4; -4%8S an.

| and Greenfield T. & D and Groc Str Prd Guard Inv Gulf Oil

D1+1

TREASURY STATEMENT

WASHINGTON, - April 9.—Government expenses and rors for the current fiscal year through April 7, compared with

a year ago: Last Year

$5. 480,551,753.19 3,167,794,692.70 2:312.757.060.49 211, 2,786,713.998.83 34,827.829.563.06 31.443.272.669.63 :+11.592 joz.01 848.93 10,189,227,112.33 3

ir 9.006) 9. 2 8.26@ 9.35

8.10@ 9.10 7.00@ 8.85

’ +

Hall Lamp .. Hartman Prob | Hecla Min . . [¢jona iLL Ni.

PELELED +]

t |

This Yea Expenses .$5.729, B04. 401, 79 Receipts Deficit .... Cash bal... Pub. debt. Gold res. Customs

RES:

[email protected] 9.25@ 11.78 8.0062 9.25

CE CITT BD bh ht ed WHOM WIO TIL

19.47 300,185,379.80 Today’s ny Total LAL es Inactive gold....$34,534.70 $361,223,446.90

> +1111

Fl:

dt (0 D3 CVC) rt ttt 0 RRB RN

Aa NWI UT Ure 00 6D =I D = ~100 wx 00 Ts = bow »

ao = a

id fu; Ie Petrol Intl Vit

Inst Pwr Ber T pf . Iron Fireman

FOREIGN EXCHANGE NEW YORK, April 9.—President Roosevelt’s statement that he knew nothing of | any pian to lower the American gold price brought a moderate rally into the foreign exchange market after it had slumped sharply under lead of the French ae 98% f franc. 1 : : sia 11 Latest Net ex ( 5 , all Cobile Rates Cange Montevideo 7s B52 vu... 871 England (pound) .. 4.89% —.0013 | Norway 4s Eng (60-d. bill rate) 4.88% —.00% Norway avis 65 Canada (dollar) ..1.00 3-3 . Peru 6s 60 France (franc) y —.0007% | Rio Gtdo. Sul 3s 46. Italy (lira) 4 Rumania Ts Belgium (belga) iin IO IS Germany (mark) Taiwan El 5%s 71 .. Germ, (travel mk) Yokohama 65 61

Switzerland (franc) LOCAL ISSUES

Holland {guildor) Spain (peseta) Sweden (krona) (By Indianapolis Bond & Share Corp.) The following quotations do not represent actual bids or offerings. but merely

Norway (krone) ... Dénmark (krone) .. indicate the approximate market level. BONDS

Japan (yen) Citz Ind 7 0 4Yas '61.,

BD Wd a RTA

C (1100-1300)

(11)

Starrett L |S id Sterl Prod

-W QW®w a: =

SLUT:

M (1300-1500) ! G

Studebaker Superior O .... Swift & Co .... Swift Intl 4 Symingtn Gould Syngtn Gld xw

ny Ww = 0

Jaco Co Jer OAs P&L t.. RK Kans oy pay Ext.. Kingston Krueger Er

[email protected] [email protected] 6.50 9.50 [email protected] 6.50@ 9.50

1500-750) C)

0 pow 1 @

fay

(750-900) Good ond medium. : Common, medium. Harb-Walk Hayes Body .. Hecker Prod ..-: | Hershey pf oa | Hollandr aS... Houd-Her B ... Housion oi i ray | Howe Sound ... STOCK AVERAGES | Hudson Mot ... { Hupp Mot

Tenn Corp Texas Corp

Tex G Sul T & PC

Tex Pac L,T Thermoid |...

third hour yesterday. Dow-Jones | averages: Industrial, 179.43, up 1.25; | railroad, 58.73, up 0.23; utility, 31.16, up 0.15.

DOW-JONES

30 Industrials

ood ‘ Sa "and medium ow cutter and cutter Bulls, good Cutter, com ..

Lake Sh M ... Lakey F Xe M.. Leh C & : Leonard oil 2 Bion ou . Lit Ps Su ‘ch Lone Str G.. Long 1 Lt... ila LL & EX {Lucky T G M

@ 1. 6. Mn 5. 1. 6.

Vealers 600—

Ei 14

_—Receipts, Good znd choice | Mediu | Cull nd’ Common

$ a 3011 50 50

00. 9.5

Timk-D AX .... 24 5.00@ 8.00

Timken RB ... Transamerica .. Trans West Air 1 Trans & Wms.. 20 Tri-Cont Tri-Con pf .... 20th Cent-Fox. Twin Coach Co. SI

+0.11 —2.11 —0.98

Yesterday Week ago Month ago Yecar azo High, 1937, High, 1936,

I11 Central i Ind Ray {inland St { Insp Cop

Calves : (250- 500) Sood and choice..$ 6.50@ mmon, medium. 5.00@ Wh and Stocker Cattle (500- 800) Sood and choice..$ 7.00@ 9.00 mmon, medium. 6.00@ (800- 1050) Good and choice.. 6.50@ mmon, medium. 6.00@

9.00 6.50, pa Ask | ..10114

f~e

191.40; low, 177. 181.90; low, 113.11. 20 Railroads 58.50 60.13

BROKERS’ OPIN ION

By Undted Press NEW YORK, April 9.—Brokerage opihion today: E. A. PIERCE & CO.—Judging by reports from abroad, the uncer‘tainty over the possible gold purchasing policy of the Administration has not been entirely dissipated. REDMOND. & CO.—A few days of irregular action followed by a resumption of declining tendencies is a likely market pattern, in our opinion. FRAZIER JELKE & CO— Whether selling dries up at this

{Int ag pr pf.... {Int B Mach op Int 10 Int Int i Int i Int Int Int | Int | Int Int Int

Yesterday Week ago Month ago 62.27 Year ago Holiday High, 1937, 61.46; fow, 53.15. High, 1936, 59.89; low, 40.66. 20 Utilities

9834 sive 2575 eens 130%a

an Aircraft Cp. 28% Air Lines .. 35 Biseuic -. .... Carr Fast .. United Corp y United Cp pf .. United Drug Un El Coal United Fruit - Un 1

Heifers— Good and choice Common and medium SHEEP AND LAMBS

—Receipts, 1200—

Union Carb .... Un Oi

oh Indpls Wate ter Co 3!2s ‘66

Interstate Tel & Tel 5lss 53: Kokomo Water Works 5s 23 Morris 5 & 10 Stores 5s ’50. Muncie Water Works 5s ’65 .. Noblesville H L '& Ay 612s '47.. Ohio Tel Serv Cl Richmond W W 5 IB 105 Seymour Water= Cs Ss ’40- ..... THTrac & L 5s’ 106 T H Water Works. oe '56 T H Water Works 6s '49 Trac Term Co 5s '57 £TOCKS Belt Railroad & St Yds com 58% Belt Railroad & St Yds big. 98 ! Cent Ind Sh pid Ts | Home Tel & Tel Ft Wayne.. Hook Drug Inc Ind Gas Co com

Molybdenum .. Moody pt pf .. Moore Dist

Cent & S W| ut Chicago Corp Chgo Corp cv pf.. Consumers Co Gen Financ Gen Hshld Ut

63 Rd RTE AD @

Lambs— Choice d

J 1444

Yesterday Week ago . Month ago Year ago .. Holiday High, 1937, 37.54; low, 30.98. High, 1936, 36.08; low, 28.63. Composite

Nat Bellas Hess Nat Fuel G.. Nos Gypsum A t Rub M

WV i90- 175) Sau and choice. ommon, medium. . (Sheep a lamb quotations on clipped Jonns-Man basis.) (By United Press)

CHICAGO, April 9. Hogs—Receints, 8000, including 4000 directs; market, gener=

64.01 40.10 65.60 —0.87 Month ago 68.47 —0.37

Yesterday Week ago

Kelsey-Hayes A. 17V Kennecott .. 57}

V2 Kroger G & B..22%5

1714 5534 22%;

Utah Radio Prod ‘than Thursday;

Year ago Holiday High, 1937, 69.6%; low, 63.13. High, 1936, 66.38; low, 51.20, NEW YORK, April 9.—New York Stock Exchange transactions today were as follows: : Net High. Low. Last Cnange —~—A | T4ls 1812 31

Acme os 38 Adams Exp . 3:

Aovares _sograph |

Am ‘ Am P & L = AmPsL, $5 pf ‘A A & SS. 20h : 8 Razor ... Seating Smelt Snuff ..... Stl Fdies : T&T : Tob B is Type P ..i{ water Ww. Woolen ... Woolen pf. Wr P

Atlas Corp - Atlas Corp pf ..

Barnsdall Bendix Avn |... Bh Ind Loan of ji fis 5 pf

[Lig & My B

PU, i, 20; 2

41 21% 19%3 1414 . 6694 .. 26% ..101 .« 68Y . 79

Lambert Lee Rub Leh P Comrie Leh V Coal: Leh Val R R. Libby Mc & L L O P Glass. Life Savers

Lima Loco Loew’s Loft. Inc .. ' Long Bell A . Loritlard Lou G & E A Ludlum Stl

y R 51 Man El ood gtd Man Shirt 22 Marne Mfg—. Marshall Field. . Masonite ‘Coh .. 59 Mathieson Maytag Mead Corp .... Melville Sh .... 73 Miami. Cop .... Midcent Pet 34 Minn Hny .. 106 Minn Moline Mo-K

Mohawk Cp, Monsanto

EES NEES

1 i

ee RS AANA RRR

gacddddggadaa aN

nnnNNHNHNRnn

Steel pf .. Un Stores A

Nap

0 pdpd fd

Vadsco Sdles Vanadium Vick Chem Va-Caro Ch ... Va-Car 6 pf

{ +] +:

Wabash pf A Walworth Ward Bak A... Ward Bak B .. Warner Bros.... Warn-Quin Warren Br . Warren F & P.. Waukesha Mot.. Wes Oil & S.. West

West Pac ...... West Pac pf.. West Union. West A Bke.... Westing El...,

+ +k]

1+:

~ Rp

i: 1+: +

Wilson & Co .. Woolworth .... Worthington ... 7 Worth’gton pf B

Thr +.

Yellow Tr... ... 3 Young S & >. Young Shee 811%, Young Shee pf 991%

29%

391 ‘99%;

| +: +

Mois Mfg B

Zenith Zonite

BUSINESS AT A GLANCE

—Aprily GENERAL vais Dun & Bradstreet reports retail trade this week 2 to 4 per cent over last week | and 6 to 12 per cent over year ago; wholesale, 12 to 20 per cent over year ago. Federal Reserve reports monetary gold stock up $18,000,000 to record high at $11,592,000,000; circulation up $10,000,000; excess reserves, $1,440,000,000, up $40,000, 000; brokers’ loans off $11,000,000; ratio 86.2 vs. 80.5 previous week and 78.82 year ago. : CORPORATION NEWS American European Securities Corp, March 31, net assets, $17.75 a common share vs. $19.57 on Dec. 31 and $13.70 on March 31, 1936. Carriers & General Corp. net asset value

“| per comma share on Marah 3 ‘31 was S21

vs. $11.82 on Dec. 31 last and $9.66 year ago. Copper Range Co. and "wholly-owned subsidiaries, 1986 net profit, $347,143, equal to 62 cents a share, vs. $54,464, or 10 cents, in 1935. G. Krueger Brewing Co. fiscal year ended Jan, 31, net profit $563,172, equal to $2.81 a share, vs. $509,642, or $2.54, in previous year. Tampa Electric Co., 12° months ended Feb. 28, net income $1,403,000, vs. $1,314,806 in previous 12 months. Winnipeg Electric Co., 1936 profit, $440,568 before interest on series ‘“‘B” bonds, vs. profit $385.354 in 1935. :

DIVIDENDS

Dixiée-Vortéx Co. regular quarterly ‘37% cents on Tmo: payable July. ‘1 record dupe 10,

Ut & In cf pf Walgreen Co Wisc Bk shrs ....... Shrs

LOCAL OCAL PRODU CE

(The prices quoted are paid for stock! gathered in the country, while for deliveries in Indianapolis the prices are 1 cent: higher. Each a case of eggs must weigh 55_pounds gro Jaes—~No. 1 ich fresh, loss off, 19'%¢ avy breed hens, 5 Ibs. and Ser 15¢. Heavy breed broilers, 1937 stock. 2 lbs. and over, 22c. Leghorn broilers, 1937 stock, 2 lbs. and over. 19c¢. Bareback broilers, 1937 stock, 2 lbs. and over, l4c. Leghorn breed hens, heavy. 12c. Heavy breed springers, 12 ibs. over. soft meated, 13c. Leghor breed springers, 8c. Heavy breed cocks, 3c. Ducks, full-feathered and fat, 5 lbs. and up, 6c. Geese. fuil-enilierca 2nd fat. 5c. utter—Creamer’ No. 612@3TVac; Noo 2, 33% ©3450, Br: 1, 32¢; No. 2, 30c.

CHICAGO, April "| 9.—Eggs—Market, steady; receipts, 29,564 cases; fresh graded firsts, 22l.c; dirties, 20%c; current - receipts, 21%2¢; checks, 19%c; storage packed firsts, 2334c. storaga packed extras, 24c; extra firsts, bac. Butter—Market, acsy; re- | Sapte, 9184 tubs; extra firsts, 90-91% score, 0%ec; extras, 92 score, 30%c: firsts, 2914 pg standards, 30%c;. specials, 31@31l%se, Poultry—Market.. steady to firm; receipts, 23 trucks; geese, 13c: ducks, 13@19 Vc! spring chickens, 19@21c; broilers, 26@ 26l5¢; hens, 142 @21c: Leghorn hens, 10m) 161%; old roosters, 12@13%ec: turkeys, 15@ 20c; fryers. 26Gi26c. Cheese—Twins. 16@ 161, c: Daisies, 16':6216%¢: Longhorns, 16} @1634c. :

INVESTING CO.’S (By N.Y. Sell Dealers Assn.)

Bid 18. 4

Ask 30.29

Ask Bid 20. 8 Mass Inv 28.55 15 1

11.58/Mu Inv F 16.90 . 51 Sune vtg 9 1.36/N Y Bnk 4, 38/N i Th 2. hel 2 ios .

Ad F 2d. Affil F Am HC Am Bus BKNIC Bk Shrs. Basic ... Bull FP .. Cent N A Cent Tr Cons FA Con Shrs Corp Tr. SAR scum . Ski Cum Tr. 22.15 Dep Bk. 1.00 NYA... 60 117.00 "EB. : Jods 4.13 ...} Div Shrs 2.02 217 Bi ... 483 ...i Equity T 39. 4 nee S10 0 Fidelity : D.:.. 810 1st Bost x AA ...

BB 2.80 25. 155|Supvised, 14. 38 nl [53|Tr st 2 3.10 2 3 04

Nie 10 C ¢ o

19194 14.44 1.

16.59

1 ns 7.65 16. 78 USEL&PA 17.63 24.66! 2. 33

92 1086} Well ie 200 at

Ohio iOl pf Oldetyme Dish

Pac G E 6 pf Pac P Sv

Pepperell Phoenix Sec ....

.Pioneer G

Pitney Bowes ..ss.. Pitts For ..lseeseasese Powdrell & A ..oeveiee Premier Gold . Pressed Mets Prudential In Puget $6 pf

Raymond Conc Reed Roll Bit N Reybarn Reynolds Inv Rossia Intl Roy Typewriter ........ Rustless I & Stl Russek's . Ryan Consol Ryerson Haynes

St Anthonv G

i St t Regis P

4 1078

modity prices used by

Yesterday .. Week ago ... Month ago ..

Commodity— Wheat, No. 2 red, bu, ..ccoerve

Corn, No. 2 vellow, bu, ....:.e¢ Rye. No. 2. bu. Oats, No. 2 white, bu. Flour, spg. 196-1b, sk. .... Lard. prime steam sot.. Ib. .. Coffee. Rio 7s snt.. Ib. Sugar, raw. 96 test. Ib. ....: Butter, 92 score, Ib. iessee Hogs. avg. most sales, Ih.

Steers, avg. most sales, Ibe «ooo

mnt

Following are the prices used in compiling tee index:

. Today | $ 1.45 1.371% 1.23 5434 8.825" 1200 09 0345 32

1000 |

0585

point depends on a number of factors which are difficult to appraise: The extent of the liquidation, both in | this couniry and abroad of speculative positions in commodities,

Last. Savoy Oil (L) . Scranton SBW pf Segal Lock New Seiberling R Selected Ind Sel, Ind cv Sell Ind al cts Sel Ind pr pf . Snittuck pn. ...

BH WJ DOU

0 NESE

Stand Dredg S$ 0 Ky (I) Stan P&L .. Stan Sil L .. Starrett: Cp vic Sterchi Bros Sterl Brew Stinnes H Stutz Motor Sun Ray ..... lini

a0 NTN

Taylor Dist Technicolor Teck Hughes Thew Shovey Tip RI Ton Mining Tri’ Cont wts Tubize-Chat Tumlze, Ch A Tung S L pf

oa Wo. NY

11%

Commodity—

Cotton, mid-upland, Holiday Rubber, spt. smk. Copper. electrolytic. Lead, spot. Ib.

Tin, straits spot, 1b Year Ago 96% 61% 55% 291% 6.350 A110 0614 0393 .33 1060

| Week

[| § wr % 1.32% 1.233% - | 541s 9.025 LAE? LMA 0348 S41% 1000 | 40385

Cement,

Douglas Fir. rough. Gasoline.

Crude Oil,

serap and hides.

Lambs, avg. most sales, tbh Hides. native hvv. steers. lb, .. Wool, fine unwashed combing, 1b..

Silk, 13-15 deniers Jap. Ib. ..... rib, .

Zine. spot. Ib, ............

Silver, commercial bars, oz. ... Steel scrap, Chi.. ton ole Pig Iron, Iron Age comp., Coke, Connelsviile, ton ....... Dom Portland. bbl. Yellow Pine. 6 in. base, 1000 ft.

tank wagon. 40 gravity, bbl. (Source of Quotes—Chicage: Boston: ville; Coke. Tulsa: Crude oil, New York: All o

Ind Gen Serv Co 6s Ind & Mich Elec Cu 2 qs. Ind Hydro Elec Co Indpls Pwr & Lt 2 > Indpls Pwr & Lt Co pfd 612s 97 Indpls Water Co pfd 5s .103%2 Lincoln [Natl Life Ins Co con. *N Ind Pub Serv Co pfd 5l>s.. 79 *N Ind Pub Serv pfd 6s 33 *N Ind (Pub Serv pid 7s. ...... P R Mallory Cocom .......... 39% Progress Laundry Co Pub Serv Co of Ind os Pub Serv Co of Ind 7 Terre Haute Elec Co Bs Union Title Co com Van Camp Mil Co pfd......... 53 Van Camp Milk Co com 13 *Ex-Dividend.

BANK STOCKS

(By Blyth .& Co., Inc.).

Bankers Trust Central, Hanover Chase ational Chemical Bank & Trust Guaranty Trust Irving Trust . v Manufacturers “Trust National City Continental First National, ‘Boston National Shawmut National Citv, Cleveland FIRE INSURANCE

Aetna Fire American Pot ‘Newark Baltimore American City of New York Federal Franklin Great

American

PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX NEW YORK, Avril 9.—Following are the comDun & Bradstreet, Inc., in compiling the daily price index for the United Press:

.155.75 | Year ago L187. 28 | 1937 high (April 5) 158.26 - 150, 43 | 1937 low | fan, 29) . 141.47

Year Ago 1055 A134 34 1169 1.72 .16 09% 0460 0490 AT 443% 14.75 18.84 3.65 2.35 50.00 38.00 097 7.18 tard, steel Connéis-

Week Azo 1240 163% 45 .1498 . 2.05% | 26%%| a7 | 069714 0950 , 623% AY

Today 1213 16%

$ $ $

1b. *

1b. Ib. rene A5% 060214 0700 60% A5% 21.75 23.25 4.25 2.25 6000 5 2 50 090 1.2% Grains, E. St. Louis:

1000 ft. .. gal, . 1.27 : uvestock,

Wool. Zi

ally steady to 10c lower packing cows, steady; top, De and choice, 20-320 lbs., good and choice, 150-190 % bulk packing sows, [email protected] Cattle~—Receipts, 1000; ob 500; clean= up market, fully steady, Siorers from earlier in week comprising bulk of crop; steers selling at $810; spots around $11.25; prices 25 40c under late last week; common kinds only weak to 25c lower, undertone still strong on strictly choice weighty steers, stocker and feeder demand continued narrow; good supplies in second hand fairly liberal; all she stock strong; all classes well cleaned up on early round; most cows, $6 down, these comprising cutter and common beef cows; common .to medium grade heifers, $8.50 down to £6. 50; light vealers, 25c lower; others steady: practical top, $89.50; mostl $7.50@ 8.50; fnarkes ruling 50c to $1.25 under a week a

RS eep—Tteceipts, 11,000, including 3500 directs; market, generally steady on fat lambs and sheep, extreme top lambs, 10c higher; good and choice Colorado and Nebraska fed lambs, $1212.25; bulk, $12.15 upward; top en one load; choice fed lambs from nearby terony. $12.35 to shippers;

choice ewes, $6.5 CINCINNATI, April 9.—Hogs—Receipts, 2500, including none direct; holdover, 180; market, Say active, mostly 10c higher; top, $10.20; 275-300 Ilbs., $10.10; 300-350 lbs., $9. Sow. 75; 160-180 Ibs. 140-160 lbs., [email protected]; 100-140 lbs., $7.2501.8.75; SOWS, steady to strong, mostly $8.50%38.75. by 200° calves, 250; are ket, mostly steady: 1100-1175-1b. strictly good grade bullocks. $11612.50; others,’ [email protected]; heifers, scarce: common and Florida. 10-inch. crates. '[email protected], Onions medium cows, $5.50 6.75: low cufters and cutters, mostly $3.25%5.25: medium bulls, $6.75@ 7.40; vealers, strong to- 50¢ higher; good to choice, $9.50 10.50. heep — Receipts. 50. market, steady: Monty nominal owing to meager supply: good to choice wool skinned lambs quoted $126112.50 or above: few shorn lambs, $10; slaughter ewes, $2@5. eligible to sell up weight

$10.20; bulk $9.90¢210.15; i 3510. 05%

choice spring lambs to $15 per hundred-

9.—Hogs—Market, $9.80@ 10; 200-273 ., [email protected]: in =150 1bs., $8.50 50@ 8.25; roughs, Calves, io down. Lambs, April 9. —Hogs— Market, 50 bs., $9. 2 250-275 lbs, $9.75; 180- 2200 ibs., $9.70% 275-300 lbs. $9. 70: 300-350 | , $9.50: 160 130 lbs., bs. ;

140-150 $9: 130-1 $8.65; Ibs., $340; 100-120 lbs., $8.15; TR 5s; stags, $775. Calves, $10.50. Lambs, $11.7

FOOD PRICES

CHICAGO. April 9.—Fruit and vegetable : Apples-—Michigan McIntosh. $1.75 Sweet Potatoes_Louisiana Porto Ri=~ [email protected]. Carrots—Illinois. . bu., Spinach—Texas. bu., 65cw$l. Tomatoes—Mexican, lugs. $3@4. Sauiliower Talifornia, crates, 3 al .50. Mexican, hampers, 3.35. Qelery— (50-1b, sacks)—) fichigan “yellows, $161 29,

YNE, ny S25. 250 $9.85; 200-225 1bs.,