Indianapolis Times, Indianapolis, Marion County, 15 April 1937 — Page 22

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THE INDIANAPOLIS TIMES

THURSDAY, APRIL 15, 1937

yr COMPLETE N. Y. EXCHANGE STOCKS

The Times

inancial and Market Page

COMPLETE LOCAL LIVESTOCK

UNCERTAIN FUTURE KEEPS VOLUME OF

STOCK SA

Steel and Chrysler |

Slip; Oils -- | Steady.

5% 1

Traders were uncertain over the | Container 5

immediate future. Some anticipated | resumption of the rally after con-| solidation of recent gains. Others! felt a secondary reaction was due, There was |some elective buying. Celanese made a new high at 39, up| 13s.

few utilities, including Consolidated | Curtis Pub

Edison, which rose 1» to 397s. | FIRST -HOUR

| Deere | Deisel W G

| Cont Oil Del ... | Corn Prod ..

Some demand was noted for a | | Cfo rown Zeller .

MARKETS AT A GLANCE | Stocks irregular in quiet trading, ' Bonds higher. | Curb stocks narrowly irregular. | Chicago stocks steady. Call money '1 per cent. Foreign exchange easy; French franc weak. Cotton 4 to 10 points lower. Grains lower; wheat off more than a cent a bushel. Ruber 13 to 24 points lower. Silver bars in London, off 14 at 20 13-16 pence a fine ounce.

TELEPHONE INCOME up

By United Press WEW YORK, April 15—Net income of the American Telephone & | Telegraph Co. in the first three months this year covered the initial quarter dividend requirements for the first time since 1931, the report to stockholders showed today.

| Case J I | Caterpillar T .. Celanese Cent Aguirre ..

Cer de Pasco .. | Certain-teed

LIGHT

Net Last. Change. 159 — 114 90 + lg + 8 + Yi

City Stores -.... 9 i Cleve Graph Br 411; | Golgate P-P ... 22% Colum Gas .... 15 Col Carbon ..118 { Com Credit . 60% { Com Solv . 1712 Commonw & S A Cong-Nairn «41 Cons Edison ... 40 Cons Oil ...... 173s vi. 3h

Con Rr Cu Con Textile

Low,

+1 4++

Dt pa ® EEN RR

Net Last. Change.

Cont ! No Pacific

Cont Steel

I) FERS Le He

Oliver F Eq ... Va , . Otis Elev eater BY 37 7 2 | Olis Steel . y 2() ’ Vs | : 2 | Owens Il G : Curtiss-Wr “es Tt 3 3 ia | ¥ i Curt-Wr A ‘i s {| Pac G & El | Pacific Mills y Pac. West of ;-| Packard

4 | Ohio Oil Crane Co

VER

—

cibie St,....

—

Co +3 2s

The market opened irregular with trading extremely dull. Oil shares showed some firmness, Barnsdall, Pure Oil and Standard issues ail gaining fractionally. Steel shares softened. U. S. Steel broke to 1127 and came back to 113!; for 7s loss. Chrysler opened easier and then rallied to show 5 gain at 118:s. General Motors firmed. Utilities im-. proved under the lead of Consolidated Edison, which gained 3% to 40. American Telephone showed a similar gain at 168':. Rails were mixed. | Fed Lt & T ... 2 Vclume approximated 270, 000 Fed Robt St... shares, compared with 330,000 in the!

Fir Flintkote Co first hour yesterday.. Dow-Jones| Food Mach averages: Industrial,

Del D I Dis 3a Den D ‘Cast 310s Dome Mines ... 42 Dom Strs ... Douglas Air Du Pont

& je 2 By)

Teel) Ll

CVU bn CODD = 1S 0D

—

East R Mill

Fa 44

El Paso N Gas 35: Erie 1 pf

ne 3912 4015. 57 481;

Foster Wheel 181.70, 3 28%

off | Preept-Sulph 0.23; railroad, 690.43, up 81z;. utility, | 31. 56, up 0.04.

SECOND HOUR

15'2 152 iol 153 Ja

| Gar Wood Ind {Gen AI pf w { Gen

Paramt Pict Para. Pict 2 Park Utah .... Parke Davis ... Parmelee Patino Mines. » Penney Penn C & C ... Penn D Cem ... Penn R R Pet C Am Pfeiffer Brew .. Phelps Dodg Pfeif-B rts

-+ 10% pf. 23

31s

Plymouth Press Stl Car’ . Press Stl 1st Public Serv . Puilman oe Pure OQil . Purity Bak

Raybestos . 32! Reliable Stores Rem-Rand ... Eepublic Stl Rep Stl pf .

| Gen "Gen Gen

ie 4115 ai

5834 1613 41, 17 2615, 454 538 4614

Trading continued dull with prices irregular. Oils continued to make! a favorable showing with Texas| Corp. fairly active around 63's, up | I 4, and equaling the year's high. U.| Gimbei S. Steel at 113 was 7s’ lower and Glidden Bethlehem had 3% loss at 927s; rails y continued narrowly “mixed, Atchison | dropping to 81 for 3; loss, Consolidated Edison maintained a frac- | tional gain. Motors eased from their highs. Volume approximated. 180,000 shares cempared with 360,000 in | the second hour yesterday. DowJones averages: Industrial, 181.63, off .30; railroad, 60.25, off .06; utility, 31.56, up .04.

THIRD HOUR

Trading drooped to the slowest pace in several weeks. Tickers were idle at intervals. Prices were about steady with the previous hour. U. S. Steel remained at 11314 for °s loss. ! Crysler was 14 lower at 117; .and General Motors unchanged at 59. Some buying developed in Celanese which gained 1% to a new high at | 39. Rails and utilities were mixed. | Volume approximated 130,000 shares, compared with 200,000 in the third hour yesterday. Dow-Jones' averages: Industrial, 181.58, off .35; railroads, 60.32, up .01; utility, 31.57, up .05.

ee fA

Geni Corp |

. Grevind 5'2 | Ghany Rts. ... | Guant” Sug

Wt of Fe nS Swe

CLE

Hall Print {| Harb-Walk ... { Haves Bdv .... | Hecker Prod .: Hollandr & S .. ! Houston i

| Hud : { Hudson Mot :

78 | Ys | Ly |

3g |

brite

jo.

}

Ill | Central Ind Ray i Ingersoll R ... Inland St .... { Inter Rub

ps Wh i] NI a0 DIT Us BI TD = IW hs 00 Sw 1D WJ bt x 1D - . B - or Gd oe " NT O®h

tt OD DDH NI Qe DU.

Mer Mar... © Mining

C [= DWI Wd

— a UY

DOW-JONES STOCK AVERAGES

30 Indusirials —0.1% i Ki Terns Yi Kresge S S....

181.93 J. 138.18 . 184.93 ‘ 158.49 191.40: low, 177.72. 184.90: low, 113.11. 20 Railroads

Yesterday Week Ago Menth Ago .. Year Azo High, 1937, High, 1936,

1D a bd UY a OY Sow or

{ Lambert Leh V

Lehman { Lerner Strs 3 Likby Mc & L . | L-O-F Glass {Ling & My

Yesterday Week Ago Month Age ...... Year Ago High, 1937, High, 1936,

61.16: low, 53.15. 58.89; low, 490.66. 20 Utilities

Lone Star Son Lonz Bz ¢ Lorillard : 0.10 | Lou G & EA. T | Lou & Nash + 10.0;

. —0.13 { McCrory ...... —0.09 | MoIntvre P 4

Yesterday Week Azo Month Ago Year Azo . High, 1937, Hizh, 1936,

31.52

. 32.84 oi 32.51 30.98, 28.63.

iow, low, Stocks

TO LO

- (Jes =] 3D rR

40.02 | +0.10 —1.43 —0.37

Yesterday Week Azo Month Age .. Yéar ago High, 1937, High, 1936,

. 65.48

Marine Mid Marshall Fld .. Martin Parry .. iengel ot Miami“Cop his Midcnt Pet { Minn-Moline Mo Pac pf t Mont Wor d a { Mather Lode .. 3 Motor Whl .. > { Murphy Rts .. 11-16 - 11- 16 a

£% pti DVO

69.67; 66.38;

ow. low,

Lhd

min

N. Y. Stocks

Net. | Change. |

— ed 1) BIDI = Da LOW DU to " an BNA TS a

| Nash-Kelv 29% Nat Biscuit Nat C-Reg A 13 | Nati Dairv | Nat Distillers i Natt P & L Nat Steel ‘Nat Sunoiyv NY (Central Rts t Ind

Last.

Adams Exp Adgressegrapn Air Reduc Alaska Jun Allegh Cor : Al.eg pi $30 w Allied Stores ... Alliz-Chal lk Alpha P Cem .. Am Br Sr Am

on —-T103 €3 Wn C003 RS N PE “TA 370 20 LIISA

0a DSI UI ya] ID WD ED Qa ON Ps

NCI = DO N-ID Oh -

1. : | N ¥ C Omnibus

7 . NO —

Reyn Tob

» South Pac .... “84

Ry | Spark s With

2 Stan O Cal

| Sterl ! StewsWar 18 | Stone & Web . 2614 . 48

2 | Supzrior 4 Swift &

{ Thomp | Tid ! Timk-Det

Un Carr Fast i tng ‘veh i United Drug ... 137

Un Eng & Fdy.

| Warner Br ! Warn-Quia

{ Wheel i White Mot

| Yeung A

Revere Cop B

| Shattuck . | Shell Un Oil . { Shell Un pf . | Simmons vs Skelley. Oil So Am Gold cony Vacuum

C3214 103%

52s, 1975 5

395s . 53 T's Sperry Corp ... 20% Spicer Mig 83 Spiegel Inc 25 Square D-B ... 427; St Brands . 143% . 4675 “8

Tlls 661

Stan Oil Ind Stan Oil-N J .. Prod

Sunerhtr Qo .... St Co

Superior

Texas Corp 63 Texas Gulf Prod Tex G Sul { Texas & Pac . T &IPC & OO. I Thermoid Star . ide 'W A Oil.. Ax Timken R B Transamerica . Tri-Cont . Truax Tra : 20th Cent Fox .

Ulen & Co

p Un Air aad hh Un! Biscuit

ed Corp

Un Dye Un El Coal

Vadsco nf Vanadium Van Raalte Va-Caro Ch ... Va-Caro 6 pf ..

0) Snow To 5

Waldorf Svs Walker (H) Walworth Ward Bak B Warner Bros

od ® NRC

RLM LTW

Aeseine

pf Warren FF & P | Wes wih | West West, Bs Westingh 21 Steel

a ®n

White Sew M Wilrox O & G Wilzon & Co Woolworth | Werthington lw orthing pf B

| Yellow Tr i Young S & Sheet

Ww 837s esr Besin 17

88%

Zonite 7

abe

Pula rena NN»

BUSINESS AT A GIL ANCE

—April 15— GENERAL BUSINESS Engineering - News-Record reports econ- | struction awards this week $16.927.000 vs. £30.778,000 last week and $51.756,000 year | ago. Rubber Manufacturirs Association estimates March crude rubber consumntion in { U.S. at 52.938 long tons vs. 50.282 in ! Fehrnary and. 42,703 vear ago: imoorts | 52,029 ‘ong tons vs. 43.239 and 37.451; | domestic stocks “crude: rubber on hand March 31 totaled 191.618 long tons vs. 193.864 on Feb. 28 and 276.823 year ago. CORPORATION NEWS Alga Portland Cement Co.. 12 months ended March 31, net income, $1,020,993 vs. net loss $223,793 in previous 12 months. American Gas & Electric Co. and subsidiaries, 12 months ended Jan. 31. net income, $12,057,660 vs. $10.626,789 in previous: 12' months. American Telebhone & Telezranh Ca., first evarter net income, $43.435.751, s3ual 4 to $2.32 a share ws. $21.142.957 or $1.5 | year 270: 12 months ended March 31. net { 182.219.7098, eanal to £9.84 a share vs. $120.08) 419 or $6.97 in previovrs 12 months. ° City Ante Stamning Ce., first quarter, net profit. $11.212, equal to 12 cents a | share vs. $118,616 or 31 cents a year ago.

Co aN ED GIN WY

SM)

DINU = ALT=

WR DNNS UY I=IN 00 yt

NR mew

melt cyiehg Su Fdies T & = 4 ions

Am stl F Ris wm Am Wa al Am W Ww if or . Woolen L. +1

U1 =1OR) 00 ND CI BIN 3

HNOUNO I= WNWRO LI ~TW =]

Barnsdall Bendix Avn Beth Steel . .. Beth Stl 55 nf . Black & Decker Blaw-Knox | Peeing Afr Borden Bare Warnsr Bstanv Bdgent Brass Brizes Mf>

12 months endcd M-reh 31, net income, $10,594, 409, equal to $8.33 a share, vs. §10,313.797 or $8.28 in previous 12 months. Federated Depariment Stores Inc. and subsidiaries, fiscal year ended Jan. 31. net proiit, 52,962.374, equal to $3.08 a share, vs. 8$1.468.481 or $1.60 in preceding vear. Insurance Shares CertiScates Ine.. March 21, linuidating value per share $7.50 vs.

$7.70 on Dec. 31 and ‘$7.66 "year ago, ” 2

Mi Brent Br Rts Rush Term Butler Bros Butler Bros pf

Capit: Adm ‘A .. Cajrjete & Ser

Detroit Edison Co. and all subsidiaries.

MacAndrews & Forbes Co. and whollyowned subsidiaries, 1936 net profit, $881,644 vs. $856,863 in 1935. Mid-Continent Petro’eum Corp. and subsidiaries, | 1936 net income, $4,777.578, equal fo 82.57 a share vs. $2,417,175 or $1.31 in 1935, Oklahoma Natural Gas Co. and subsidiarv. 12 months ended Feb. 28, net income, $1,018,337 vs. $882,227 in previous 12 months. . Rustless Iron & Steel Corp., first quarter, net income, $171,013, best in history, vs. $34,019 year ago. Seaboard Commercial Corp., first gquarter net profit, $50,353, equal fo 45 cents a share on combined Class “A” and “B” common vs. $40,502 or 35 cents year ago. Souihern Canada Power C(o., Ltd. 6 months ended March 31, net after exrenses, $673,653 vs. $640,774 year ago. Standard Oil Co. (Indiana) and subsidiaries 1936 net income, $46,883,448, equal to $3.09 a share vs. $30,179 895 or $1.98 in 1925, Superheater Co., excluding Canadian affili~te, first quarter net income, $830,109 vs. #215.624 year ago. : Tide Water Associated Oil (lg. and subsidiaries, 1936 net profit, cing ovr. equal to 01.11 A common share v0” $7,865,701 or 3 cents in 1935, : Wisconsin Gas & Electric Co., 1936 net profit, $870,187, equa Ito $1.97 a common shave vs, $440,290 or 54 cents in 1935. DIVIDENDS Atlas Plywood Corp., 371% cents on common, payable May 15 record April 20 vs. like’ payment on Feb. 15. . Lyneh Corp:, regular quarterly 50 cents, payable May 13 record May 5. (Copyright, Ha, by United Press)

| 1

selling developed commodity markets today. Rubber and hide futures led the decline, forced liquidation in those staples spreading to other commodities.

were steady close. to 7% firmed against the general trend.

RAILS AND OILS RALLY BONDS: TREASURIES UP

Second-Grade Carriers Are 3 Firm; Steel Issues Recover Narrowly.

By United Press NEW YORK, April 15.-—Second-(grade rails and oils headed a moderate bond rally today. U. S. Government loans moved irregularly higher.

Lehigh Valley 5s of 2003 {fea-

i tured, rising 1: points to 77. Phil-

ippine Railway 4s of 1937 gained 11; to 202, and Alleghany, Boston & Maine and Erie issues firmed. Highgrade rails steadied. Pure Oil 4s with warrants, Socony Vacuum and Consolidated Oil. were strong on gains ranging to 12° points. Steel issues -recovered narrowly from earlier losses, and utilities were fractionally higher. Government bonds showed gains ranging to 10-32 point in the Fed-

| eral Farm Mortgage 3'%s of 1964, at

102 12-32. Treasury funds were in fair demand, led by the 2!:s of [1519- 53 at 97 20-32, up 6-32, and the 2% s of 1951-54 as 38 20-32, up 5-32.

ey Industries Strong on Curb

NEW YORK, April 15—A few heavy industrial issues strengthened on the curb market today. Tubize Chatillon advanced 2 points to 30': in. active turnover, Van Norman machinery rose 1% to 3114, Youngstown Steel Door gained a point to 74. Utilities were firmer. Gulf Oil declined nearly a point to 58 while Creole rose 33 to 3214.

Cotton Weakens Sympathetically

NEW YORK, April 15.—Cotton futures weakened after opening firmness today on selling generated by a generally lower trend in outside commodity markets. : Around noon the list was 6 to 10 points net lower and as much as 15 points below earlier highs. Trading was moderately active.

Commodity ‘Markets

Nervous Today

NEW YORK, April 15.--Nervous in most major

Silk futures were -forced down 2

to 3 cents a pound; copper futures dipped 12 to 14 points, and coffee futures were 1 to 5 points lower.

Cottonseed oil futures and cocoa around the previous Lard futures were firm, 215 points higher. Sugar futures

Utilities Strong At Chicago

CHICAGO, April 15. — Utilities

strengthened on the Chicago Stock

Exchange today, but other sections were mixed. Central Illinois Public Service preferred rose 2!'4 points to 71 and Commonwealth Edison, selling exdividend, recorded a similar gain. Illinois Northern Utilities preferred —also ex-dividend—rose 1: points. Central & Southwest Utilities preferred was an exception, losing a point,

Chicago Stocks

High. Low. Last. Asbestos Mfg 3 Butler Bros \ Cent & S W Ut pe Chgo § & Con a cone Consol Eus Consumers

Noblitt-Sparks a Brim iS Swift Utah Radio Prod

MONEY oma By United Press

NEW YORK. April 3S sTMoney rates remained unchanged tod Bankers’ Sr eatinoay’ un days, Ma 7-167; 60 and 90 days. 53@8- 1677; 220 davs, 3, @3% 7: 150 and 180 days] ud Commerelal Paper—Prime names, 1, Time Money-—60 and 90 days, FEAL 120, 150 and 180 days, 112°, Rediscount rate at New York. 1122,

CLEARING HOUSE STATEMENT Glestings . $3.254.000 Debit 8.965.300

TREASURY STATEMENT - WASHINGTON, April 15.—Government eipenses and receipts for the current fisvear through April 13 compared with a year ago: Year. Expenses . Receipts Deficit ... Cash Bal. Pub. Dbt. Gold Res..

2, 1,934.02 31,454,145.805.88 10.196.973.926.25 Customs 206.485.827.85 Today's Purcha Total Purchase Inac. Gold. $28. 697. 357. 4 $456, 452,963.00 The inactive gold fund soared to 84 452.963, an increase of $28.697,357.49, largest single day's rise since the Ad istration began its gold

the min‘sterilization.’

FOREIGN EXCHANGE Hew YORK. April 15.—Foreign exchange m.

Noon : ce ble Rates England (pound) 0 15-16 Enz. 160-d. bill rate) : 9033 Canada (dollar) ... 1.00% France (franc) 38 614 Italy (lira) .052612 Belgium (beiga) . 168512 Germany (mark) .. 4021 Germ. (travel mark) .23585 22302 -Unguoted

Net Change 4.0015

015 .00 I-64

Switzerland { franc)

Denmark (krone) .. 31 199 Australia (pound) . 3.923 Austria (shilling) .. .1870 Czachoslovakia (koruna os Finland markka) Greece (drachma) Jugoslavia (dinar) . New Zeal. (pound). . Poland (zloty) ia Portugal (escudo) Rumania (leu) . Argentina (of. peso) Argen. (unofl.. peso) Brazil (ofl. milreis) Brazil funf. nHiteisy Chile (peso) Peru tsol) | Uruguay (peso) .... Shanghai (yuan) India (rupee) Japan (yen)

STANDARD D TAXES HIGH

By United Press CHICAGO, April 15.-—The tax bill of the Standard Oil Co. (Indiana) in 1936 equaled 23 per cent of total receipts and approximated the entire tax revenues of several European countries, the annual report to stockholders said today,

03483; 0217

Curb Stocks

High. Low. 5a 5Ya censanioave 25Ya 24, Ala Gt Sou ..vivasdedss TTA. Th Alum Ltd ......ds}.-121% 12% Alum Co pf .....e04e...118% 1181 Am Air 272 27% Box Board ..oiss.. 24 24 CPLB.. 5's 5Ys Cyan B .....0dees. 302 30%

Gen Cp 1058 L Mch /s Maracaibo er

Aero Sup P : Agfa Ansco

penises

ssscucooae sssoncesse

sv0casne

E W ae Blue Ridge cv pf sgevae 49 Blumenthal S Bower Braz T L Bridgpt = Brill Co pf . Brown Co pf F&W a4 12} Buff NEP 1st pf .......103% Carnation Co 302 Carnegie Met ... Carrier Corp Celanese i pf . Cen O Stl

sebro Chi Flex Shaft’ Cities Serv .. Cities Serv pf’ Cities S BB

Con M & S Cont R & Stl Fdy Copper R

Crown Drg pf yal Cusi Mexic

Gulf Hearn Dp Strs Hecla Min .... Helena A : Horn Hart 7 pf Hud Bav M . IP & L36pf... Imp O Can

Jacobs Co Jer Cent P&L pf Kirhv Pet Bria Brew I.ake Sh M Leh C & N

Vhekeve 10 Locke Stl'Chn ...5+1.1. Lockheed Air . 1

Elec Harris

Master Massey

- uw

—

RAAT 0A

ba DINU Dr — a

Niles Bement N A Rayon A N W Engin

| Or Brass B .

Pennroad .... Penn P & L pf Phila El Pwr a Pioneer G Pitnev Bowes Pits P1 G Potrero Sug Powdrell & A...... eps Puget 86 of 2% Reiter Foster Reliance E& BE ........ Reynolds Inv

Schiff Bs (L) Selected Ind « Sel Ind al cts

Sherwin WW Simm Hdware Singer Miz Southl’'d R SW Penn P L Squ D Co A 8S O Kv (L) Stan Sil L . Starrett Cp vte Sterl Alum .. Sterling Inc Stetson Sun Ray Sunshine M . Taggart Cp ..... salseten Tastyeast A . Taylor Dist Technicolor

Tri Cont wts Tubize-Chat Tubize Ch A Tung S L pf

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 (TH) 4Vas 51 H Tel & Tel Ft W H Tel & Tel Ft W 6s ° Ind Assoc Tel 4lzs Indiana Tel Co 5s 60 . Indpls Railway Inc 5s '67 .... Indpls Water Co 3!:s 66, .... Interstate Tel & Tel 5's ‘53 . 99 Kokomo Water Works 5s '58 . Morris 5 & 10 Stores 5s 50 Muncie Water Works 5s 65 Noblesville H L & P 6@lzs '47.. ‘Ohio Tel Berta 6s ‘47 . Richmond W 59 57

Sig Ask

‘| Seymour * Co 5s '49 es

T H Trac & L 5s '44 T H Water Works 3s '56 T H Water Works 5 '49...... Trac Term Co 5s '57.0

STOCKS

Belt Railroad & St Yds com . { Belt Railroad & St al pfd.. 5 Cent Ind Pwr pfd Home Tel & Tel Ft Way ne Hook Drug ° & Mich Ee Co pid 1s. Ind Gas Co com Ind Gen Serv Co 6s Ind Hydro Elec Cu . Indpls Pwr & Lit Go td 65 Indpls Pwr & Lt Co pid 612s 95 Indpls Water Co pfd 5s 10312 Lipenin Natl Life Ins Co com 7

Union Title Co com Van Camp Mil Co pid Van Camp Milk 2 com’ *Ex-Dividend

103'2

(BUYING ON RISE : BREAKS WHEAT IN GHIGAGO PIT

Corn. Rallies Fractionally on Elevator Firms’ Support. By United Press CHICAGO, April 15—Buying on

resting orders checked the initial downturn in wheat today on 3

N. Y. Bonds

BOND PRICE INDEXES

1926 Average 20 Inds. Yesterday Week ago Month ago .... Year ago Two years ago. 86.1 1937 high 1937 low ....... 951.6 1936 1936 1935 1935

93.6

high low

(Copyright, 1937 Standard Statistics Co.) | c—

equals 20 Rails

100 20 Util.

102.6 102.1 103.7 104.9 95.4

106.0

101.9

106.2

103.5 103.8 89.3

U. S. GOVERNMENT "BONDS

Treasury

4s 1944- 54 ...

Chicago Board of Trade but selling | 3

on the rise broke prices to below opening levels. At the end of the first hour wheat was 1 to 1% cents lower, corn was

15 to % cent lower, and oats were 3s to 2 cent lower.

Small purchases were encouraged by a 1l-cent rally at Winnipeg but the volume was too small to check the decline. The first car of new wheat has been purchased on a to arrive in Chicago basis. Wheat receipts were nine cars. Corn rallied fractionally from earlier lows. Elevator buying was credited with the turn in prices. The volume, however, was small, although all futures were traded. Corn receipts were 41 cars.

CHICAGO . GRAIN FUTURES NOON RANGE

ARGENTINE GRAIN By United Press BUENOS AIRES, April tures opened irregularly $1.197s. off 13sec: Corn— May, 547zc, lac. Oats— Arr Flax-—May, $1.301% $1.313s, unchanged.

15.—Grain fu-. lower. Wheat— July, 51.18%, off 3sc: July. 55¢, 31Y2¢c. unchanged. unchanged: July,

LIVERPOOL WHEAT Hich Close - $1.44 s 1.441 4 1.3478

Low $1.4115 1.

40%% 1.34

WINNIPEG GRAIN | May ..81.387 «oo JB8Y . 1.783%

WAGON WHEAT

City grain elevators are paying $1.32 for No. 1 red wheat. other grades on their merits Cash corn new No. 3 yellow, $1.18. Oats, 49c. c. Hay—No. v—No. 1 timothy. [email protected].

BROKERS’ OPINION

NEW YORK, April 15.—Brokerage opinion ‘today: E. A. Pierce & Co.—We believe that on weakness leading motor shares should be regarded as a purchase and that long positions in them already established should be maintained. REDMOND & CO.—Believe that the averages will tend moderately downward at this time toward the lower limtis of the trading range established during the last two weeks. LAMBORN, HUTCHINGS & CO. —The best attitude the average trader can take is to confine commitments on a moderate trading basis to a comparatively few volatile favorites. FRAZIER JELKE & CO.—The outlook for financial markets has brightened somewhat as a result of cessation of foreign liquidation, easings of the tension in labor disputes and indications that quarterly earnings statements will show a continuation of the recovery in profits.

BANK STOCKS

(By Blyth & Co., Inc.)

1.34

Bankers Trust Central Hanover Chase National ... Chemical Bank & Trust Guaranty Truss way Irving Tru ate rs Trust’ National City Continental First National, Boston National Shawmut . National City, Cleveland

FIRE INSURANCE Aetna Fire -.

Bau of New York Federal .. ah aia Franklin RE, Great American Hanover Hartford Home .e National Fire | ....... National Liberty ... North aver chia.

INVESTING CO.S

(By N. Y. Security Dealers Assn.)

Bi Adm Fds Amerex . Asso Std Bnk Shs

28.79’ Div Shrs. 13.25 Equity .. 11.13/Fidelity . 31.05!1st Bost 38 18. Fix Tr A 20 a

67!"d Inv. 4.80!Gen Inv. 2.31Inc Invs.

Cons Fds Md Fnd Mass Inv

d Quar Inc Rep Tr Sov Inv. Sel Am... Hane Sel Cum Sel Inc Sn Trask

—- Coe BD)

coe We ee eee P PRHA I IDC Bs. x vos C NOOR Dd ag sabato HOD ON DW

17. 09' Tr Std A ‘ B

: usELapa 18. 22. 52!

LOCAL PRODUCE

(The prices quoted are paid for stock gathered in the country, while ior deliveries in Indianapolis the prices are 1 cent higher. Each hl case of eggs must weigh 55 pounds gross. io. :] Strictly fresh, loss off. 18c Heavy breea hens, 5 Ibs. and ov Heavy breed broilers, 1937 stock, 2 = be over. 22c. Leghorn broilers, 1937 stock, 2 ibs, odie rer, nd Bareback broilers, 1937 stoc s. and over ©, Slack 2 Jos. ghorn breed Ducks, full6c. ie full-feathered and. fat, 5c.

21. 84

p. Butter—Creamery, No. 5@36 32@33c. Butterfat— No. NE No. 2 Cig:

2%2s 1949-53

Bonds

FEDERAL LAND BANK BONDS

July 1955-45 .

ay 1957-37 4 414s Nov. 1958-38 .

Federal Farm Mortza ge

Bid . 993)

Ask 100%s

Bonds

Low

101.27 101. 21

Home Owners Loan Bonds 101.2

Alleg Corp 5s 50st Alleg Corp 5s 44

g .99.27 DOMESTIC BONDS

Am & For P 5s 2030....

Cal Pack 5s 40

0 Can Pac deb is perp .. 95 5

Cen Ga 5's Cen Pac 1st 4s 49

Int RT ref-5s 6 Int RT 55 ... Int Hy El 6s 44 Keith ref os 3 46 Lac Gas 55 3

Lehigh & WY 4s 45 .... 62% s 2003

Leh V RR Lou & Nach 43 40 McCrory

Pore Rn Sis 80.... Phila Co 5s 67 Philippine R 4s 37 Bor E 4155 60

Sagny Pwr 414s 66 ....

St LS F 4s A 50

Seabbd Air Lin 6s 45..

Soc Vac 3'2s 50 So Bell Tel 55 41

Toten Drg 5s

Uni Pipe & R 6s 36.....

Warner Bros 6s Warn Quin 6s 39 .. West Union 5s 60 .. West Un 4'%s 50

Antwerp 5s Argent 4!:s

Australia 415s 56.......10

Brazil 62s 27-57 Buenos A 6l2s 55 . .° Buenos A 4!3-43as 77.. Canada 4s 60 Chile Ts 42 . Colombia % Joan al.. Cuba 5! Denmark 5.3 Finland 6s 45 German Ts 49 Int Ry ct Jn 55 72. Italy Ts

Paris O Ry 5'2s 68 .... 61

Peru 6s . Porto Aleg 8s 61 Rio de Jan 6!2s 53 Sao Pau C 6l2s 57 U Stl W 6l2s C 51

CHICAGO PRODU YUCE

ggy — Market, graded firsts, receipts, storage-packed firsts, 2334¢;

CHICAGO, April Steady, 33,572 cases: 22%c; dirties. 19% c: 20%c; checks, 19%c; 23%4c; storage- packed firsts. Jac. Butter—Market, fir

15. — Eg

25%

fresh current

extras,

tubs; extra firsts (90-9112 score).

extra (92 score), standards, 31'c: Poultry—Market. trucks: geese, 13c; ers. 23@24c: hens. 10@17c; old roosters. Ao 3or; fryers, 23@ c

mand, fair to slow; m

Idaho Russet Burbanks, U. No. 2, $2.30: Colorado Red McClure, sind: aine

311%¢;

ducks. 15@20c:

12@ 13! 26¢;

arket

Colorado Russet Burbanks

Green Mountains, $2.15; Wisconsin, Round $2.10: unclassified. $1.85@ 2 $1.25@ 1.40;

Whites, S. No. 2 Rurals, $2.15; stock) —Supplies, market, strong; hundredweight umphs, $3.95@4

$acks)

Arrivals, 81; 842,

NEW BOND ISSUES

dema Cc Texas

on track, 213;

receipts,

3C; barebacks,

Potatoes (old stock) —Supplies. lent defirm to weak:

31@31

firsts. 30's @303;¢c; specials. 32@32':c. unsettled: r ] 13@17'%c; broilleghorn hens, turkeys.

eceipts.

$2.60 2.85;

2.30:

Michigan I Minnesota Cobblers, North Dakota Bliss Triumphs. $2.30. liberal: (track sales.

nd. arlots,

Bliss Tri8. No. 2. [email protected]: {sires sales) Fiorida ‘Spalding Rose, $1.75

shipments.

(By W. L. Lyons & Co.)

Argentine Rep 1. 2 Assd Tel 4s 65 Atl City 3125 64 .. B& O 4%s 39 .. . Calif Oro Pwr 4s 66 Celotex 412s 47

Cent Maine Pwr 4s 60 Cent Meine Pwr 312s 66

Cinti Dom Canada 3s 87. Fla Power 4s 66. Fla Power 5s 66 .

Indpls Water 3las 6 Kansas P & L 4'»5 65 Koppers Co 4s 51

G & E 3'25 66...

Kresge Foundation 358 47

Los Angeles Rev 3s 6

Louisville G $x 3s 86. .....-

Metro Ed

N Y State Elec Gas 4s 65. .

North State P 31% ) 63

Ss G & E Inc 334s 66

Otis Steel 4125 62 Pac Lighting StPos 45 Phila Elec 315s 67 S Kraft 415s 46 Wise G & E 3'%s 66 Wisc Pub Sve 4s 61

60 Bonds

Yield 2.98

extra

12.297

(New good:

96.6 96.1 98.5 | 85.7 00.7 95.9 00.2 93.3 93.1 83.0

7.20

Yae;

U. $2;

per

PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX NEW YORK, April 15—Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press (1930-1932 average 100):

Yesterday Week ago Month ago .........152.45(1937 low

a —

Following are the prices used in compiling daily price index:

Commodity — Wheat. No. 2 red (bu.)...... .e Corn. No. 2 yellow (bu.)........ Rye. No. 2 (bu.) .. : Oats. No. 2 white (bu.)........ 3 Flour, sprg. pat. (196-1b. sack). 4 8.5 Lard. prime steam spt. (1b.).... Coffee, Rio 7s spt. (ih.).. Sugar. raw. 08 test (Ib.). Butter. 92 score (Ib.). Hogs, avg. most sales [8:3 sore Steers, avg. most sales. (Ib) sop ; v

$ 1.41% 1.36

os 0345 09 .33 0975

153.91!Year ago .... . .. ten..s...155.75/1937 high (April 5).

Today

Commodity—

120.82 158.25 141.47

Rubber. spt. (Jan. 29). Lead. spot (Ib.)..... Zine. spot (lb.) Tin, straits spot (Ib.) Year Azo $ 1.003% 6314 SI 30% 6.650 1102 06% _ +0378 .30 1678 scrap and. hides. 0578 - | ville: Coke.

Week Ago

$ 1.45 1.37% 1.23 5434 8.825 1200 09 0343, 32, 1000 i 0585

Crude Oil, 40 gravity

Lambs, avz. most sales (Ib.).... Hides, native hvy. steers (Ih.).. Wool, fine unwash. cmhes. (Ib.). Cotton: Mid-Upland (Ib.) Silk, 13-15 deniers Jap. smk. rib Copper. electrolytic (Ib.).......

Silver. comml. bars (o0z.) Steel, scran, Chi. (ton) Pig Iron, Iron Age Comp. (fon). Coke, Connelsville (ton) Cement, Dom. Portland (bbl.).. Yellow Pine, 6-in. case (m ft.).. Douglas fir. rough (m ft.). Gasoline, tank wagon (gal.)....

(Source of Quotes—Chicago: Boston: Wool.

Today 1265 16% 45 11368 2.04 2254 A514 060214 0500 61 4534 21.25 23.25 4.25 2.28 60.00 52.50 090 1.27

(1b.).... (Ib) .....

sreene

ssee

(bbl).....

Week ek A215 16% 45 .1480 2.03 245% A515 060214 0700 603g ° 45% 21.75 23.25 4.28 2.2 60.00 52.50 090 1.27

Yea

Ago 1118 A135

A153

1.54

A615 09% D460 0490

14.35 18.84 3.65 2.35 50.060 38.00

1.18

Grains, livestock, lard. steel

E. St. Louis: Zine. Tulsa: Crude eil. New York: sree

_ Conn

A334

097 |

* hes

$9; ; stags. $8.

LIGHT SUPPLY OF LIVE STOCK RAISES PRICES

Hogs Gain 15 Cents and Touch Week’s Top; Cattle Stronger.

U. S. Bureau, Agric. Economics

An upward trend in hog prices to= day followed closely curtailed supe plies. - For the second consecutive day 11 markets had fewer hogs thang a week ago, while the local run fell below last week's for the third day in a row. Sellers were pricing supplies 25 cents higher, but did not hesitate. long in accepting a 15-cent upturn. The rise applied to all weights of barrows and gilts, as well as to packing sows. This advance placed values at the highest level of the week and the market at present is only 5 to 10 cents below last week's close. Choice 225 to 250-pound weights topped at $10.15. Sows moved within a spread of $9.15 to $9.65, with smooth light kinds as high as $9.75. > Receipts were estimated at 6000, compared with 8849 a week ago and

> 13833 a year ago.

Buyers Compete A supply factor also governed the trade in slaughter cattle. An estimated run of only 800 head made buyers compete actively for practie cally all classes. Cows were in es= pecially broad demand and respond ed to the extent of a strong to 25= cent higher market. Heifers were steady to strong. A range of $9 to $10.50 included most sales of steers, and heifers moved at .$8.50 to $9.75, odd head touching $10. Common and medium quality beef cows brought -$5.50 to $6.50, with cutter grades generally reflecting the strong to higher market at $4 to $5.25. Practical top on sausage bulls held at $6.50, with, beef bulls upward to $7. High vealer prices compared with nearby centers continued to meet with active shipper support early, chiefly as the result of light receipts. Prices were fully steady with Wednesday's but weakness. later pervaded the trade. Good and choice vealers bulked from $10.50 to $11, latter price paid sparingly late, Medium cashed largely from $8.50 to $9.50. A few heavy calves cleared from $6.50 to $8.50. Meager receipts of lambs consist ed almost entirely of shorn offerings, which found steady support, quality considered. Around two double decks of 89-pound clippers sold zt $10.85, with other classes limited to a few slaughter ewes at $5.50 and below.

> 3 ~ a =

ope SARS 0n

ight Li (140-1 ih Good and Medium Lightweights— (160-180) Good 2nd

Mediu ‘ (180-200) Good Pod Medium Medium Weights— (200-220) Good 1220-250) Good Heavyweights 1250-290) Good (290- 350) Good

..8 8.90@ 9.95 + 8.25@ 9.53

[email protected] 8.75 9.75

choice. . choice.

choice. choice. .

DD — a

choice. . choice. .

ddibid

a 0 Urs 3 1

ADDI DP BDOBYW OO OO WY

—Receipts, 800— Choice Good .. Medium Common Choice Good Medium - Common Choice

(550-900) (900-1100)

(1100-1300)

DOD III INI ID SoSVTNIOUNIND SD

M (1300-1500)

(500-750) 9

Som and medium’

(750-900) : ommon, medium.

Common and medium Low cutter and cutter Bulls, good Cutter, com

~—Receipts, Good 5 and Choice

600—

OOO —_p— > WO

89 98 OY ON

(250-500) Good and choice .$ 65 Common, medium 5.0 Feeder and Stocker Cattle (500-800) Soca and choice .§ 7. on, medium. (800-1050) Sond" and choice . ommon, medium.

nS eo

SN 0

6. 6. Helfers— 6.

Good and choice Common and medium

SHEEP AND LAMBS —Receipts, 800—

ro ‘ooo 02 0093

Lambs—

90-175) Good and choice . mmon, medium Sheep and lamb quotations

5 basi on clipped

By United ress

CHICAG April 15.—H — 10.000, Raine 4000 scons meceisl, even, 10@25c higher than Wednesday's average; packing sows, 10@15¢ higher; bulk good and choice 200- 300 Ibs, $104 10.20; : oS Somparable 150-190 1b £00 ng sows. $9. pr st Ii we i nes g eights on butcher

Cattle Recote 3500; calves. 15 steers and yearlings. 15% 25¢ Rial a dium to good grades showing most advance. but common as well as Very meager gue ply choice offerings sharin upturn; light yearlings, both steers IT heifers, tinued in broad demand: cows. fir rm; fully steady: vealers, 25¢ higher; er ‘ted steers, $14.50; several loads.” $11. 50% 13 50; ; common and medium grades. $3. 50 @9.78: weighty steers lower for the week: but light cattle strong to higher: stockers a feeders continue very dull due to we. and feed conditi ions: sausage bulls, 5 down; $9@10; mostly $9.50 on

shipper kinds. Sheep—Receipts, 12,000, including 1600 directs: fat lambs, active, 10@25¢ higher; bulk 15@25¢ up: good to choice wooled a to larger interests, [email protected]: .65 down; several loads to ship$12.85: load geod to choice clipned $10.60, steady; wooled ewes, $62

LAFAYETTR. April 10@20¢ higher: joes le: 200-2.

15.—Hogs—Market, ss. sie dy: 250-325 Ibs. 8.8 85419.95: 170-200

FT. WAYNE. oy 20c_ higher: 225-250 Ibs..

15. ;oHogs— Market, $9.95: ~ 200-235 Ibs. :

1bs 3. Roughs, Calves. $10.50. a $12,

FOOD PRICES

CHICAGO, April 15.—Apples—Michigan cIntosh, [email protected]. Sweet potatoes— iana Puerto (Ricans, 82.65. Carrots— s, bushel, 65@85c. Spinach—Texas, ° , 80c@$1. Florida, lugs, [email protected], EAE ate

er 71.65. Celery—Florida. 10-inch ater Onions (50-1b. sac Illinois, Michigan Yellowa, [email protected],