Indianapolis Times, Indianapolis, Marion County, 17 April 1937 — Page 11

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SATURDAY, APRIL 17, 1937

THE INDIANAPOLIS TIMES

PAGE 11

COMPLETE Y. EXCHANGE STOCKS

The Times Financial and Market Page

COMPLETE LOCAL LIVESTOCK

~ MARKET STEADIES

IN DULL COTTON

Some Selling Arises In Metals; Bonds Improve.

By United Press NEW YORK, April 17. — The stock market firmed in dull trading today as a better tone developed in world commodity markets. Trading was around the lightest of the year. No groups were outstanding although some early selling developed in metal shares as result of belief

“that European war tension is sub-

siding. Cotton strengthened about 75 cents a bale. Other commodities showed a little betterment. Bonds improved. Selectivity prevailed in the stock market with some issues going to new highs for the year, including International Printing Ink at 603i, up 2%, Mead Co. at 34!k, up 23, and Loew’s at 83%, up 13. Buying developed in Certainteed issues. The common gained 1!i to 20's while the preferred was 38: higher at 75. This advance accompanied announcement by F. W. Dodge Corp. that March building awards in 36 Eastern states totaled $231,246,520 compared with $198,761900 a year ago. Residential building made up £#he major portion of the awards.

DOW-JONES STOCK AVERAGES 30 Industrials 0.21 — 0.44 0.68 0.52 1.71

Yesterday Week ago Month ago Year 380 ...:.vonieelenes 156.07 High, 1937, 194.40; low, 177.72 High, 1936, 181.90; low, 143.11 20 Railroads

Yesterday Week ago Month ago Year ago High, 1937, 64.16; low, 53.15 | High, 1936, 59.89; low, 40.66 : 20 Utilities

Yesterday Week ago Month ago

Year .ago High, 193%, 37. 54;

High, 1936, 36.08; 0

low, 28.63

Yesterday Week ago Month ago Year ago High, 1937, 69.67; High, 1936, 66.38:

MONEY MARKET

CLEARING HOUSE STATEMENT Clearings .

low, 63.43 low, 51.20

Debits Clearings for wee Debits oer week. . 53,899,000

TREASURY STATEMENT WASHINGTON, April 17.—Government expenses and receipts for the current fiscal vear through April 15, compared with a year ago.

is Yea ast Yea es ..$5. ao He 016.12 $5. oa 5965. 517.33 Eh > 5 '039/205.775.72 3.225,210,433.27 Deficit .... 1,951.971,300.40 2,410.755.084.06 Cash bal... 1,804,233.802.47 2.687.827,317.94 Pub. debt. 34" 837.471,252.58 31,453,296,162.13 Gold res...11,698.693/992.47 10,200,290,696.11 Customs .. 35, 12; 2814 86 308, 502 2.65 L 217

al P Inactive gold. $3109.801.39 $467 435.916.22

FOREIGN EXCHANGE NEW YORK. April 177.—Foreign exchange

irregularly lower: Noi Changs

Closing Cale fags England (pound) pre (60-day bill rat Canada (dollar) France (franc) Italy tlira) Belgium {pega}

Holland Spain (peseta) Sweden (krona) Norway (krone) Penmark (krone) Australia (pound) Austria (shilling) Czechoslovakia tkoruna) Finland (markka) Greece (drachma) Jugoslavia (dinar) « ... New Zealand (pound) . Poland (zloty) Portugal (escudo)

ot 00941, —.0000% ©2337 3 -.0000%s £00011

0003 0) ., . ) Pepeso) -.0005 milreis) - . on mil ireis) .

Argent Argentina (UV Brazil (ofl. Brazil (unofl. ‘ Chile (peso) Peru (sol) TE nay (peso Yipes (silver peso). Hong :Kong (dollarp. . shanghai (yuan) India (rupee) Japan (yen)

on BEE NEW BOND ISSUES

(By W. L. Lyons & Co.)

| Va Argentine Rep, = MI eh 4

Ass'd Tel Atl City 3Y B & 46s Calif Ti ore = lotex pi) Mai iy Pwr ‘4s’

ie PWT 312s 86 Cent Mair Bras 56

Koppers

Kresge 38s 47 ..

4s ’51 Foundation

a y Eni Kraft Ss G & ec Pub 23 *is

iB Serv ip Bt. IN BANK STOCKS

(By Blyth & Co., Inc.)

nkers Trust Be Hanover

| Chase Nationa | Chemical Ban

Guaranty Trust

st 7in Manutacturers’ Trust

National City Continental First Nauonal Bi na | Nations) City, Cleveland FIRE INSURANCE

Aetna Fire » i American of Newa Baltimore # Anetiean

sree renrane

n Fir cess Ls Liberty ieee

North River ......e... phoeniy,,

2 | Indpls Pwr & Lt Co pid Ln 0 1

TRADING; PRICE UP

z ” td

MARKETS AT A GLANCE

Stocks irregularly higher light trading. Bonds higher. Curb stocks irregular. Chicago stocks irregularly higher. Foreign lower. Cotton about 75 cents a bale higher. Grains higher; corn and wheat up a cent and more a bushel. Rubber firm.

exchange irregularly

Chicago Stocks

By United Press

Abbott Lab Adams Rovalty Advance Alum Am’ Pub Serv pf Armour & Co Asbestos Mfg Backstay-Welt Binks® Mfz

1215

Chgo Corp Cities Service ..,.. Opnimehweslih Bison. Comp Ind Gas ... 3 Consumers Co . Consum 6 pr pt Cord Corp .. Cudahy pf.. Dexter Co Dixie Vortex Eddy Paper .. Eltc. Household Gardner-Denver

Gt Lakes Dredge Heileman

Monroe Chem Nat Pres Cook Noblitt- hagks, Nor W

She I u ve (no par Quaker Oats par) 114 Ratheon Miz Rollins Hos ¢v pf Signode SS cm pf S Bend Lath .. Stan Dred pf Storkline Furn Swift & Co | Thompson (JR) . Utah Radio Hog Ut. & In cv pf... Zenith Radio | .. Chi Ry B' 3s 21...

Curb Stocks

: High. Am Box Brd ... 2 Am Cyan B 3 Am Super Atk NG A Austin Sil Mne. Bellanca Air . er Gay Fur .. Brown Co pf .. Can Marconi ... Carrier Corp Cities Serv .... Cities Serv pf .. Col C&G N ... Cooper Bes Cord Corp Creole Pet Cusi Mexic ... Dayton Rub .. Eagle Pigher

Nene

Net Close. Change. 2%

Low.

io <

arse

wo 0 SHITE. = Naya @~ SNE eae Xe

= 83 rod Cd pb RN AG

Fisk Rubber.

DFARS he

A DIIOOUT GL BI DINING

S Stl. Lockheed Air .. Messabi Iron Mich Mumper .

etro Rustless T &. Hil 15% Secal Lock Ne Selleriing R S Kv (L) Stent Brew! .... Stutz Jorer

un Technicolor Tilo Rf :

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 61... re Tel & Tel Fo W 5l2s '55 H Tel & Tel W Cs p22 . Ind Assoc Tel Ls "65. Indiana Tel Co 5s ‘60 ... Indpls Railwav Inc 5s BY . Indpls Water Co 3l2s '66 .. ... Inetrstate Tel & Tel 5lzs '53.. Kokomo Water Works 5s ‘58... Morris 5 & 10 Stores 5s '50_ .100 Muncie Water Works 5s '65 . Noblesville H L & P 6%s '47..102 Ohio Tel Serv 6s '47 Richmond W W 5s Seymour Water 2, 5s THTrac& L 5 T H Water Works: te 56 T H Water Works 6s '49 Tyac Term Co 5s '57 uhner Packing Co STOCKS Z Belt Railroad & St Yds com.. Belt Railroad & St Yds pfd.. 58 Cent Ind Pwr pfd Ts Home Tel & Tel Ft Wayne. Hook Drug

Ind Gas Co com Ind Gen Serv Co a Ind Hydro Elec Co Indpls Pwr & Lit oo Sptd

17%

Bid Ask

Indpls Water Co pfd 5s 103% Lincoln Natl Life Ins Co com 26% *N Ind Pub Serv Co pfd 5% 17 *Ind Pub Serv pfd 6s *N Ind Pub Serv pfd Ts P R Mallory Co com : Progress Laundrv Co Pub Serv Co. of Ind 6s Pub Serv Co of Ind Ts Terre Haute Elec Co 6s Union Title Co com Van Camp Mil Co pfd Van Camp Milk Co com *Ex-Dividend.

Low Close: a

By United Press.

a — ~ Net igh. Loy. % Change. ‘4 15

Ya Ya

A P W Paper .. Aome Steel ...

78° 183s 273

AIT

a Amal Leath Am Bk Note Am Br Shoe Can Car

[+++] ++

HUI NOORORN bw WU

Lelie)

Am P&L 6 pf. . am sy % pf A Ra S.. 2 ao Am Am

Lil +s:

LIA +

m Type F_... Stl Fd Rts. Water W.. 2 Woolen pf.. Am Zinc Anaconda Arm Ill Armstrong CK.. Arnold. Const SSO oe Line chison Abenisen oo

$14)

pel

1° | Atlas Corp of ..

Atlas Corp . Auburn Auto .. Austin Nich .... Avn Corp

Bald Loco Bald Loco as .. Bald Loco pf Balt & Ohio . Balt & O pf.. Barper Co Barnsdall Beatrice

Bendix Avn .. Ben Ind Loan Best & Co Beth Steel Big Sanford Boeing Air Borden ... Borg Warner : Bdgept Brass .. Briggs Mig . Briggs & Strat.

piel

Bruns Balke Bucyrus Erie

Butler Bros pf. Butte cr Byers, . Byron Aon

Call Zinc ...... Calumet & H .. Cana Dry Can Pacific .... Carriers & Gen Caterpillar T Celanese Celanese pf .... Celotex .+ ‘46 Cent Foundry ; Cent Viol Sug . Cer de Pasco .. Certain-teed

ihr) +

[+++ |

o » Chic Gt West . 3 Ch MStP &P 22 Ch M St P&Ppf 512

L114: +4:

Com Credit Com Gred cv Di Com Solv . .. - 17 Commnmionw & So 3 Cong-Nairn .... 40 : Cons Edison ... 394 Con Ed pf 1057 Cons’ Laun 11 Cons Oil .. Con BE Cu pf. . C al vie ? ons Co 3s . 35

frit

19854 11

Cont Mot Cont Oil Del: od .

Crucible St . Cub-Am_ Sug

HEE HELE ERLE LLL

Cutler-Ham 79 Crown-Zell pf. 1108s

127 23% 48 -

Deere & Co Deisel W G Del & Hud DL&W .. Dia Match Dist Seag Dome Mines ... Dougas alr cree E Dresser Dul 8S S 2 Lt. Du Pont

East R Mm

End Johns a *ne PS $ pf.

Eri Brreka ‘Vac Evans Prod Fed Lt&T Fed Dto St Fed D St cv pf 103% Fid Phen ..... Firestone T .. 3 Firestone pf A "10455 Flintkote Co ... 38% Food Mach ... Foster Wheel. .. Francisco Sug C Freept-Sulphur.

—

thie

‘oe

56 4853 13 28

15 13%

. 2357 55

Wood md.

C Ey

Good year

BUSINESS AT A GLANCE

—April 17— CORPORATION NEWS Acme Steel Co. and subsidiary, first quarter net profit, $1,094,941 vs. $391,853 year azo; 12 months, $2,858,583 vs. $1,560,598 in previous 12 months. American Chicle Co., first quarter net

rofit, $785,861, equal to $1.79 a share vs. 667,319 or $1.52 year ago.

Caterpillar Tractor Co., first quarter, net profit, $2,733,368, equal to $1.43 a common share vs. $1,936,779 or $1.03 year ago; March net profit, $1,234,296 vs. $897.390 year ago. Checker Cab Manufacturing Corp. and subsidiaries, 1936 net profit, $650,644 vs. 2397 in- 1935. Florence Stove Co., first quarter profit before Federal income taxes, $240,561 vs. $137,427 year ago. General Baking Co., 13 weeks ended March 27, net profit, $183,572, equal to less than 1 cent a common share vs. $384,973 or 14 cents year ago. &

Mac Andrews & Forbes Co., first quarter net profit, $220,134, equal to 63 cents a common share vs. $19,766 or 56 cents a share year ago. Studebaker Corp., first 10 days April, soid 3770 passenger cars and trucks vs. 3088 year ago; total sales year to date 30,118 units vs. 24,290 year ago, up 24 per cent, U. 8. Distributing Corp. and subsidiaries, 1936 net loss, $12,127 vs. net profit, $29.340 equal to 29 cents a 7 per cent preferred share in 1935. DIVIDENDS American Re-Insurance Co., 40 cents, payable May 15 record April 30 vs. 100 per cent stock on Feb. 18 and quarterly basis of 5 cents prior to that. Armour & Co. (Illinois), 20 cents on common, payable June 15 record May 25 vs. initial 15 cents on March 15. Ferro Enamel Co., 50 cents, June 21 record June 10 vs. March 31,

payable 25‘ cents on

.15 MOST ACTIVE STOCKS

Net Low Close Change 1134 125 551% 553% 33% 338 3% 3% 4934 49 41% 41's 11034 110% 578 5% 18% 19% 59 59 315 33% 5638 563% 193% 19% 934 934 893s 8938

High 12% 56 3%

Armour Co .... Anaconda Cop.. Graham Paige.. Panhandle

Rep Steel U. S. Steel United Corp ... 6 Certainteed .... 207s Gen Motors . 5934 Meade Corp . 341% Kennecott Cop. 5i%4 Socony Vacuum 193% i 9% . 9034

11178

Beth Steel — 13%

Volume approximated 440,000 shares, compared with 480,000 shares last Saturday. Curb transactions

approximated 159,000 shares, compared with 129,000 shares last Saturday.

35a 1a

nd Gt North. pf Gt Nor Ore ... 243s Gt West Jug 36's Green H 3434 HH AL Cor rp 143% Greyhd 51% 2% Granby rts .. Guant = . 32 Gu M . 531s — . 137% 31!

Hecker Prod Herc Mot Hershey pe Hollandr &

1353 8

LL +1+1

Hudson Mot, Hupp Mot

Ill Central Ind

Insp Cop ..... Insshs cts Md et Inter RT . . Inter Rub Inter Iron

+: |

+44:

El ELE

Is C Coal of...

Johns-Man

Kan C Sou..... Kan C Sou pf. Kayser Jul 2 Kennecott Kimterly C ...

sien 2178 . 41%,

. 15h 8 1934 191% 1129 128 vs. 18 18 « 137% 135% 69 98 Lily Tul Cup.. , 22% Lima Lo ved 69 84°33 825% Loft, . 3! 3's Lone Star Cem. 61 Long Bell, A... 853 Lorillard 2278 lou G& EA... Lou & Nash....

McKeesport McKess & “ Mck & R nf.... Mack Truck ...

+13:

Gt ®

—

Me corp. Mathieson 36 Mead Corp

TEN

0° Ne

Midcent Pet .... Minn-Moline Mo-K Tex Mo-K Tex pf. Mo Pacific a Mo Pac pf .... Monsanto Mont Ward ... Mother Lode .. Motor Whi .... Mueller Br .. Mullins Mfg B. Murray . Myers & Br..

CA FEE : . :

[422 LELYL

Nash-Ktlv' Nat Biscuit Nat C ay

N Newport Ind .:. 33 N Y Central.... NYC&StL pf :..°91 NYC Omnbs Sts NH&H

Oppen Coll Otis Steel . 915 Otis S cv 1st ‘pf 89%} Outbrd Mitine Owen Ill G. 173

Pac Am Fish... Pac Finance ... Pac G & El. Pagific Ltg .. Pac West %oil Packard .... Panhandle Paramt Pict 25 Para Pict 1 pf.. Park Utah .... Parke Davis ... Parker Rust Prf Parmelee Pathe Film .... Patino Mines ... Pen & Ford.... Penney, Penn D 8 Penn GI pen cts 2%

Phelps Dodg .. Pfeiffer Brew Fis

Phillips Pet .... Phoenix H pf .. Pitts Sc & B .. pits United ...

BID m4 COCN-Y

P : Postal Tel pf . Pres Stl 1st pf. Proc & Gam Pub Serv ... Pullman Pure 91 Pure O 6 Purity Bak ....

= OND NDI

- PO

HCOADIDI B BIBI L3Eaniatah Nb

ned

—

Shattuck Shell Un Oi.

Si Shell §

outh. eee. 87% South’ Ry eves 387%

Net. High. Low. Close. Change. 3;

{} | McIntosh, Lo

FINAL NEW YORK STOCKS

Net Close Change

So Ry — 1%

r Stone & Web. | Studebaker

Syming-Gld Cp’ Syming-Gld vw.

Tenn Corp Texas Corp

. 8 13% Texay cule Prod I 4

623s 834 = Tex Pac L Ta Thatcher 1 Thermoid .. . Third Av Ry ...

ra . 20th Cent-Fox . Twin Coach Co.

Union B & P... Union ' Carb Un Oil Cal Pac pf Aircrff Cp. Air Lines ..

Vadsco Sales .. Vanadium ... Van Raalte . Va-Caro Ch ... Va-Car 6 pf ...

Warren F& P. Waukesha Mot . West Pac vf ... West Union ... West A Bke .... Yo El

Wile Woolw Toh Worthinaten 3 Worthing pf B. 9112 Wrigley 70 31 4134 867s

Yellow Tr .... Young S & W.. Young Sheet

. 313% 415 . 873%

. 36%

Zenith Rad .

INVESTING CO.’S

(By N. Y. Security Dealers Assn.) i Bia asied,

35% 35%

1 +

Adm Fds Affil Fd

12.25/ Nat ny. . 2.09INtw Sec. 84! “ vtg 38. 5 N Am Bd 24.12IN BNLSTr

4, 28.70! * 1956. . 4.27 * 1958 . 13.50| Nor Sec .

Brit Type Broad St Bull Fnd Can Inv. Cent Tr. Ins Grp.

Div Shrs Equity pf Fidelity. 1st Bost Fix a a 13 Ta 132

5 . [Sel 2.16/Sp Tonsk 21 9 41.25/Std Util. 95 30.29IStat St..116.50 40.75'Superv .. 14.86 | ry 1.53 3.14

.09 1. % Tr St. A. 8.26 "7.65 USEL&PA 17.87 iB 2.80

"1.77 vig sa 16. 1 Well Fd. . 20.25 24.84]

Goi Inv. Inc Inv.. Ins Sprs Fd AC 159 Keyston 22. 8

COMMODITY PRICES

(By Abbott, Proctor & Paine) COTTON NEW YORK

High Low $2.56 . $2.55 2.55 2.54

LOCAL PRODUCE

(The prices quoted are paid for stock gathered in ond country, while for deliveries in Indianapolis the prices are 1 cent higher ant full case of eggs must weigh ounds Egg NT 1 Strictly fresh, loss off, 18c

i pbreea hens, 5 lbs. and over, 15c. Heavy Trees broilers, 1937 stock, 2 Ibs. and over. 22c. Leghorn broilers, 1937 stock, 2 1bs. and over, 19c. Bareback broilers, 1937 stock, 2 lbs. and over, l4c. Leghorn breed hens, heavy, 12c. Heavy bree cocks, 8c. Ducks, full-feathered and fat, 5 lbs. and up. 6c. Geese. full-feathered and fat, ‘5c. Butter—Creamery. No. 1. 35@36¢c: No. 2, 32@33c. Butterfat—No. 1, 30c: No.;2, 28c. i dr tndshe hE ER RR AS,

FOOD PRICES

n. 37 —Apples—Michigan a IAT 1.8562 5. FL Potatoes— es 22s [email protected], bu.. 65@80c. Spinach—Texas, Tomatoes—Mexican| California crates,

uisiana et linois, c@831. $a 3. 7: h $1.40@1

15. Pe A @3.15. Celery—Florida, 10- inch crates, $1. @?2.50. Onions—Illinois, Indiana and i gan yellows (50-l1b. sacks), [email protected].

NEW YORK, April 17.—Dun &

piled for the United Today — 151.94

Yesterday . Week ago . Month ago . 152. 04/1937 low

t——

‘Today $ 1.32% 1.3134 1.15% BB 8.273 © 2125 .09 .0350 32% 1010 +0590

. Commodity— Wheat, No. 2 red (bu.)...... “er Corn. No. 2 yellow (bu.).....---Rye. No. 2 (bu.)...... sae: vee Oats. No. 2 white (bu.).....-- .e Flour, sprg. pat. (196-Ib. sack). . Lard. prime steam spt. <(1b.).... Coffee, Rio 7s spt. (1b.).... Sugar, raw. 96 test (1b.)....ccce Butter, 92 score (1b.)....--- ime Hogs, avg. most sales (Ib.)....c ‘Steers, avr. most sales (Ib)...

weighted price index of 30 basic commodities, comer Press (1930-1932 average 100):

151.70/ Year ago 155.56/11937 high (April 5).

Following are the prices used in compiling daily price

CHICAGO WHEAT FIRMS AGAINST WORLD DEGLINE

Deferred Months Gain Cent After Reports of New Dust Storms.

By United Press CHICAGO, April 17.—Sharp declines in foreign markets failed to induce liquidation in the wheat pit of the Board of Trade today. The local market started “upward and was able to maintain a show of firmness during the remainder of the day. At the close wheat was 7% to 2% cents higher, May $1.303:; new corn was 314 to 31% cents higher, May $1253; old corn was 23% cents lower to 27% cents higher, May $1.231%, and oats were 7s to 1 cent higher, May 487: cents. The Liverpool market ran into continued liquidation by frightened longs and added net losses of more than 4 cents to those of yesterday. Reports of sales of wheat to European importers had no effect on the jumpy nerves of speculators. The Winnipeg market met with - better buying after an uneven start. Some improvement in export demand was noted. Wheat prices in Chicago opened | 2 higher. The light amount of liquidation present in view of the Liverpool decline induced speculators to reinstate holdings dropped yesterday. A little profit-taking was uncovered by the end of the first hour and the May delivery was forced back to previous closing levels. Deferred months, however, showed net gains of better than a cent a bushel in response to reports of dust storms in the Southwest. Coarse grains also turned upward. The firmer tone in wheat induced short-covering and prices advanced in the face of fairly liberal offerings of corn at country points. Net gains at the close averaged about 2 cents a bushel. Oats and rye were firmer.

CHICAGO GRAIN ' RANGE

Prev. Low re

Wheat— High Close

1.0814 1.08 1.03%a 1.0212 951% 933%

133%

1.75

11.30 11.60 .85

11 aAsk. bBid.

171,000

Wheat—No. dark hard. $1.35: No. 2 dark hard, ol 3312; No. 2 Rize; $i. j3te mixed. $1.30; yellow 4 yellow, No RR 3034; white $1. 3134;

ing, $1@1 238! "Timothy Feed: B08 50@35. $11.30 bid; loose. $10.65 bid: leaf, $10.62 ver Seed—$27@33. Cash Provisions—Lard, nominal; bellies, $15.75 0 75 nominal,

LOCAL GRAIN

CASH

Wheat—Market, strong, receipts, none; No. 1 red, $1.29%>; No. 2 red, $1.28'%; No. 1 hard, $1. Re No. 2 hard, $1.27'2. Corn —Market, stron receipts, 19 carloads: No. 3 white, [email protected]; No: 4 White, $1.2 @1.27; No. 5 white, $1. 23@@ 1.25; No. RAT y [email protected]; No. 4 yellow, [email protected]; No.” 5 yellow, [email protected]; No. 3 mixed, [email protected]; No. 4 yellow, [email protected]. No. 5 yellow, [email protected]. Oats—Market, strong; receipts, 17 carloads; No. 2 white, 5l@ 52c; No. 3 white, 50@52c.

WAGON WHEAT

City grain elevators are paying $1.24 for 0. 1 red wheat, other RIades on their merits. "Cash corn new No. ellow. $1.16. Oats, 49c. Hay—No. 1 finiothye [email protected].

LIVERPOOL WHEAT Low

rev. close $1.35 1.35% 1.27%

TAX DELINQUENTS PAY

By United Press WASHINGTON, April 17.—Infernal Revenue Bureau statistics showed that receipts from delinquent taxpayers in the fiscal year's first nine months totaled $171,994,729, exceeding collections for the same period of last year by $18,776,762.

RENT RISE IS PREDICTED

By United Press CHICAGO, April 17. — Home, apartment and office rentals will be increased 8 to 11 per cent the first of May, a survey of 40 states by the Mortgage Bankers’ Association indicated today.

20 STOCKS APPROVED

By United Press NEW YORK, April 1i.— — The Board of Governors of the New York Curb Exchange today had announced approval of 20 listing applications, the largest number acted upon at one time in history.

Close $1. 185i

1350

ity— Bradstreet’s daily | C°m™ouY

.158.26

(Jan. 29) ..141.47

Zine. spot (1b.) index:

Year Ago

$ 1.03% 6514 5878 303% 6.750 1110 08% 0375 3032 1070

Week

$ 1.43% 1.41%

Silver. comml. Steel, scrap. Chi.

scrap and hides.

N. Y. Bonds

BOND PRICE INDEXES (1926 Average Equals 100) 20 20 20 Inds. Rails Util cvievsnse 92.3 96.3 102.6 2.2 96.2 102.6 94.4 102.1 97.5 103.3 91.9 1049 4.8 95.8 101.2 106.0 94.2 101.9 100.4 106.2 84.7 103.5 1935 high 86.4 103.6 93.1 1935 low 51.0 89.3 83.0 (Copyright, 1937, Standard Statistics Co.)

60 Bonds 97.0 _ 91.0 96.0 98.0 96.0 85.6 100.7 95.9 100.2 93.3

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

. 97 93.3

Two years ago. 86.3 1937 high 1937 low 1936 high 1936 low

» Bond tintisactons totaled $5,346,000, compared with $6,071,000 last Saturday.

U. S. GOVERNMENT BONDS Treasury Bonds

97.20 Bonds

1003s 1003s 1005s 102

109 102

3 103 a) 10175 y. 1958-38 10434 Federal Farm Mortgage Bonds - High Low 102.5 102.2 Home Owners Loan Bonds 101.14 101.12 = 00.1 99.23 99.23 DOMESTIC BONDS Abitibi 5s 53 (M). 11: 10004 100%

Alleg Corp 5s 44. . Anatonds C 4's 50....105 10433

3s 1947 102.5

1002 98

CCC St L gen 4s 93. Clev U Ter 4'as .

8 Injend Steel Pus’ 61 ... Int RT 5s 66: ¢ 76 Int Gt N 1st 6s a 52. Int Hy EI 6s 4 Int T&T 5s 5s

S Mcn 5s 38 [2 273% Mo Pac cv 5'2s 49 .... 17 Mo Pacific 5s I 81

—

— WHANOOOODT=HDOOW

tt pd fd pb

Vanadium 5s Wabash 5'2s A 75 W Mary 52s 17 West Union 5s 60 Wheel Stl 4l>s 66 .... Young S & T 4s 61 ...100 Young S & T 3l2s 51. ..141

a BONDS

Argent 6s A 5 Broo 612s 26- Tsi

DU PONT AND RASKOB FACE TAX HEARING

By United Press : WASHINGTON, April 17.—Pierre S. du Pont, Wilmington, Del., industrialist, and John J. Raskob, former chairman of the Democratic National Committee, today prepared to appear before the Board of Tax Appeals at public hearings in New York to defend themselves against charges of tax evasion. It was learned that the Government has subpenaed them, together with hundreds of records, bringing to a head the most prominent tax claim case since that of Andrew W. Mellon. The hearings are scheduled to open May 3.

U. S. SUPPORTS BONDS

By United Press WASHINGTON, April 17.—The Government made record purchases of its own securities during March to “cushion” a sagging bond market, it was revealed today as, the Treasury prepared to go into’ the money market Monday to replenish its diminishing working balance.

OIL PRODUCTION DROPS

By United Press TULSA, Okla., April 17.—The nations oil fiields ‘showed another de-

ending April 10, dropping 2593 barrels daily to a total output of 3,425,853 barrels daily. The Oil and

Lambs, avg. most sales (Ib.).... Hides, native hvy. steers (lb.).. Wool, fine unwash. cmbgs. (1b.) Cotton. Mid-Upland (Ib.) Silk, 13-15 deniers Jap. (1b.).... . Rubber. spt. smk. rib (1b.)..... Copper. electrolytic (1b.). Lead. spot (lIb.).........eh.

Tin, Straits spot (1b.) bars (0z.)......

Pig Iron. Iron Age Comp. (ton). Coke. Connelsville (ton) Cement, Dom. Portland (bbl.).. Yellow Pine, 6-in. case (m ft.).. Douglas fir. rough (m ft.)..... Gasoline, tank wagon (gal.).... Crude Oil, 40 gravity (bbL)..... {Source of Quotes—Chilcago: Boston: Wool. ville; Coke. Tulsa: Crude oil. New York: All others.)

Gas Journal said today.

PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX

Year Ago 1115 A134 34 1181 1.74 161% 09% .0460 0490 | 161% 43 14.50 18.84 .3.65 2.35 50.00 38.00 0.097 1.18 lard, steel

Connels-

Week Ago $ 1210 § 167% 45 1453 2.02% 24 7-16 A5% 060214 0700 .61 4615

Today A295 16% A5

Tats A51% 060214 0700 581% A5Y% 21.25 21.75 23.25 23.25 4.60 4.25 2.25 2.25 60.00 60.00 52.50 52.50 1.27 1.27 Grains, livestock,

E. St. Louis: Zine.

97.25

Ask Yield 1005s

“Close

101.14 00.4 99.23

1067s

105 Arm C 42539 102 Fee a 27- 3 102 27-32

crease in production in the week|§}:;

BUYERS BID HOG PRICES DOWN ON HEAVY RECEIPTS

15-Cent Loss Shown From Yesterday’s Sales at Premium.

U. S. Department of Agriculture Yesterday's upturn on hogs ate

tracted a moderately sizeable Saturday supply. With limited orders, both on local killer and shipper accounts, buyers were little interested in absorbing the run except at a price concession. ,

Consequently, trading was established at buyers’ 10c lower bids, the downturn extending to all weights and grades, including packing sows. The top fell to $10.15 on choice 225 to 250-l1b. butchers a 15c loss from the extreme peak on some premium hogs yesterday, Packing sows bulked at $9.15 to $9.65, with a top of $9.75. Compared with the close last week, all weights and grades of hogs declined 10c. Packing sows, however, are steady to 5¢ higher.

Steers Decline

Compared with the close of last week, fed steers and yearlings mostly 25¢ lower, having recovered portion of sharp decline enforced Tuesday. Heifers were active all week and fully steady, sometimes 25c higher; cows were steady, closing active. Bulls were unchanged. The week's top on steers was $15, a few loads $11.50 to $13.25, bulk $9.25 to $11.00. Top heifers brought $11.25, bulk $8.50 to $9.75; late top sausage bulls, $6.50. Vealers were strong to 50c higher, most advance on good and choice grades, with a late top of $11 00. Lambs were around 50c higher than last week’s close. Sheep were unchanged. The week's top was $12.50 on woolskins. Best clipped offerings brought $11.00. The bulk sold from $10.00 to $11.00. Slaughter ewes were down from $5.50.

Receipts 1200

choice. .$ 8.90@ 9.95 8.25@” 9.55 °

9.556 10.00 8.75@ 9.75 9.95@ 10.05, 9.25@ 9.95

9.95@ 10.10 [email protected]

[email protected] 9.95@ 10.10

9.50@ 9.75 9.30@ 9.55 9.15@ 9.40 8.40@ 9.50 8.15@ 9.15 7.15@ 8.90

] Lightweight 60-180) Good 2nd

Mediu (180-200) Ge and Mediu

e Medium Weights (200-220) Good (220-250) Good Heavyweights— (250-290) Good (290-350) ‘Good Packing Sows—

choice. .

and choice..

choice. . choice. .

25—

[email protected] .. [email protected]

TILE nea (550-900) i Good

Ci (900-1100)

C (1100-1300) G

. 8.006 10.00 [email protected]

M (1300-1500) : G . [email protected]

(500-750) e | Good

C 6.50@ 9. (750-900) [email protected] Common, medium. 6.50@ 9.25

Common and medium Low id and cutter Bulls, good Cutter, com Vealers cond —Receipts, 00 2nd hn Choice

(250- 500) Good and choice. .$ 6.5 Common, medium 5.0 Feeder and Stocker Cattle (500-800) Good and choice .$ oo mon, (800-1050) Sor and 5 . Hellerse ommon, medium.

Good and choice Common and medium SHEEP AND LAMBS —Receipts, 25—

[email protected] [email protected] 10.50 11.50 [email protected]

4. He 5.50 3.50@ 4.50 on clipped

o¢

oa ooo oo ow a= S30

Lambs—

wes— (90-175) Soo and choice .

on, medium My ly quotations

By United Press

CHICAGO 17.—-Hogs— > 7000. including 8550" directs; edi inte, e are on; p. $10 st; a presentative market; Cattle—Receipts, 100: calves, 10 - ket, steady; supply. strictly as "and prime steers smallest of season, firm good to near-choice medium weights and eavies, 25@40c lower; fed heifers sharing gh steers. advance; cows, 25c up; bulls ee o her: run; bi Snap ue almost at standstill; t igh extreme t f= eh

; one the load above $15. 30,

ines little above $13. 5500: market, ste )75¢ higher: sheep, Seady , $13, highest since March , medium to holes, Jans, dium, A @11.75; Is common b am Sis hae id top bs. so 33 je Jooled native ewes, [email protected]; shorn,

PT.

WAYNE —Hozs— lo- 15¢ Ly a Hogs. Mar rke

$9.90:

s.. 140- . $8.20’ Heo 120 130 050, Loops els 7

Hogs Market

7.7 n. Calves, $10 $175 CINCINNATI, A il 17. 1150, including 14 r t, slow on

—Hogs—Receipt Sitect: dlSidovers, Rs:

9.75; 0c s : [email protected]: Ibs., [email protected]; packing sows, $8.50 CaitleRecei} t Pi a pts, 125; calves, 75. Sheep—

CHICAGH PRODUCE

CHICAGO, April 17.—Eggs—Mar Titled; receipts, 31.816 ches: Joskel, ws 22c: dirt ties, 19%2c; current receipts Sora: pac Storage packed firsts, tra. firsts, a ed extras, 23'2c; exe utter—Market. weaker: re n tubs: extra firsts (90-91%) ea 30%2c; extras (92 score), 30%c: firsts. 291% 230c: standards, 3034c: specials, 1%

313; . Povltry—Market, 10 rucks: gee: c. ducks, 13@17c; 23@24c: hens, 15@19lsc: legnorn hens. 10@16%c: old roosters. Bais turkeys, 15@20c; fryers, 23@26c: barebacks. 19@21c. Cheese—Twins, 16@16%c: Saisies, 1612@ 16%c: longhorns, 16%@16% Potatoes (Old Stock) — Supplies, light; demand, fair to slow; market, steady to weak; Idaho Russet Burbanks, $2.65@ 2.75; No. $2.35; Maine Green Mountain, $2.35: Wisconsin ound nies, [email protected]; gan Green Mountain 25: Minnesota Cobblers, $1.90; Ohios, $2.75. (New stock. track sales, car lots, per hundredweight sacks) Texas Bliss Triumphs, [email protected]; supplies, liberal: demand. slow: market, weak. Arrivals, 55; on track, 175; shipe i

easy. receipts,

ments, 846.