Indianapolis Times, Indianapolis, Marion County, 19 April 1937 — Page 14

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PAGE 14

PE A 1 RA RMA REA

THE INDIANAPOLIS TIMES

MONDAY, APRIL 19, 1937

COMPLETE N. Y. EXCHANGE STOCKS

The Times Financial and Market Page

“COMPLETE LOCAL LIVESTOCK

HOWE SOUND GAIN OF DULL

FEATU

DAY ON EXCHANGE

Mixed as Volume Slumps Heavily.

Prices

By United Press NEW YORK, April 19. — Trading slumped to around the lightest of the year on the stock exchange today. Prices were mixed.

Howe Sound shot, ahead nearly 4 points to 803i, an exception to a generally narrow range. The corporation reported net income for the first quarter at $3.97 a share, against $1.11 in 1936.

~ Anaconda held most of a onepoint advance. Oils were fractionally higher. Deere gained gained 115 to 130. Rails were irregular and motors firm. Rubbers were higher. U. S. Steel. which dropped 2 points from its initial price of 1124. rallied slightly. Other steels held fractional gains.

FIRST HOUR

The market opened firm under lead of steel shares but trading turned extremely dull. U. S. Steel had more than a point gain above 112 but slipped back to 111'% for only “s advance. Other steel shares showed fractional gains. Anaconda led the metal shares with 15 gain at 565z while rubber issues were strong, U. S. Rubber gaining 1%: to 64. Carriers and general was active at 83%, up “:. Rails and utilities were steady around the previous close. Volume approximated 230,000 shares, compared with 290.000 in the first hour Friday. Dow-Jones averages: Industrial, 180.20, up 1.09; railroad, 60.15, up .13; utility, SL 11, off .02.

SECOND HOUR

Trading continued dull and. prices were fairly steady. U. S. Steel maintained ?: advance at .l1%. Bethlehem was *: higher at 903s. Chrysler at 117 was 1's higher but General Motors continued to show 1. loss at 58%. Metal shares retained most of their advances. Rail-

road shares were about steady and | 1

utilities quiet. Volume approximated 130,000 shares compared with 180,000 in the | | second hour Friday. Dow-Jones averages: Industrial, 180.67, up .16: railroad, 60.03, up .01; utility, 31.06, off .07.

THIRD HOUR

The market continued: dull. Howe Sound ran up to 81 for 4's points gain as the company reported excellent earnings. Other metals, however; were mixed. U. S. Steel dropped to a factional loss around 110!; while other steel shares were steady. Chrysler maintained a fractional gain. Rails were mixed. Consolidated Edison firm to 7 gain at 393s. Velume approximated 110,000 shares compared with 140,000 in the third hour Friday. Dow-Jones averages: Industrial, 180.42, off 0.09; railroad, 59.93, off 0.09; utility, 31.05, off 0.08. ;

—_— 4 DOW-JONES STOCK AVERAGES 30 Industrials Yesterday ...... .180.51 Week ago . Month ago . Year ago FE High, 1937, 194. 10: low, 135.32 High, 1936, 184.90; low. 143.11 20 Railroads . 60.u2 .. H9.33 . 62.58 17.90

-— 0.21 1.48 — 0.52

1.71

1 he

—

Yesterdav Week ago Month ago Year ago ‘ High, 1937, 61.46; low, 53.15 High, 1936, 59.89; low, 40.66 20 Utilities Yesterday f Week ago Month azo Year ago High, 1937, 37.54: low, High, 1238, 36.08; low. 70 Stocks

30.98 28.63

Yesterday Week ago .. Month ago

Wigh, 1937, 69.57; low, 63.43 High, 1936, 66.38: low. 51.20

N.Y. Stocks

Neb Change. - Va 1

High. Low. Last.

Acme Steel

Chain & Ch & C pf 14574 on Alc... 21% P Pur. 1055 SG 2 Yo i Jce cee adn ar Fdy 3%

a .. 114% 561% 2334 3738s

e F sil Pedies rts Water W... 2

Atl Atlas Corp ..-- Auburn Auto .. Avn Corp --

1d Loco 8&5 «. 7 Balt & ohio .. 36

Borden _ ee: Bdgept_ Brass .. Bklyn-M T oes Bklyn & Q of - 2 Brdgept Bra ris o Bulova wea Butler Brey i Bui E JackSon :

all Zine Ca imet & H Canada Dry Pac

sHain-teed Ra ME 3 hes & Ohio .. hilds

41 a 5 Graph bt 232%

‘| Mead

IN Y

Colum Ges Col Com Sc

Conde Nast Cong-Nairn Cons

Cons. Qil Con- Textile ...

Crosley Rad

Grucin/e St i. Cuba Co

Curtiss Wr Curt-Wr A

L y Dia Match Dist Seag

Dome Mines Dom Strs 666. . Douglas Air Du Pont

cesses

iting Sch

E Elk-H Coal Erie

Fred Vor Fid Phen

| Flinikote Co

{ Florence St Follsanbee Food Mach

Gen Am In Gen Bak Gen Gen E Gen Gen Gen Gen Gen Gen Gillette

Goodrich Goodyear

Graham P Cranby

[Granite € St .. North of ... ¢ Gt West Sug ... 357

Green H L

Granby Rts .

fall Print

Hudson Mot.. :

IIt Cent Ind Rav .. Ingersoll R Inter Rub Inter Iron Agric , Nickel - , P&P B P&P C . , P&P pf Int. Pt Ink Int T&

Johns Man Kennecott Kimberly Kresge SS

Lambert deh V Coa Leh Val

Loft. Inc Lone Star Cem. Lorillard Lou & Nash .

McGraw H Mcintyre P

Mack Tr Man Shirt . Marine Mid Martin Parry Masonite Corp . Corp Mengel Mident Lb veg Minn- Moline vou M

Motor Prod Murray

Nash-Kelv . Nat Biscuit Nat i Nat, Nat Nat Nat Nat | Nat, Nat 3 Natomas :...-.. NY Central Newport Ind N Y Central Inv NYNH& No Amer No Am pf No Am Avn No Pacific

Ohto Oil Omnibus Otis Elev Otis E pr Owens lll G

Pac Pac

Panhandle Paramt Pict .. Para Pict 1 pf

Penn Penn I

Penn R R Pfeiffer- Brew Phelps Dodge

Ph Read C 1 Phillips Pet Pillsbury ..

Pitts Stl Plymouth Oil Pub Ser 7 pf . Pullman Pure 1

Raybestos Reliable- Stores.

Reyn Tob B

St Seab Ail : Seab'd oil . Sears Roe .. Servel Inc _. Shell Un pf Simmons

South Pac South Ry . So Ry pf Spalding

Sperry Corp

Spiegel Inc St Brands

Stan Oil N J Stew-War Studebaker Superior O Suth Pap .. Sweets Co Swift & Co

T exas Cor

I'hatcher

Tide W A Oil .

20th Cent-Fox Twin Coach

Cal

[Mother Lode ...

ris

Para Pic 2 pf . Penn Gl Sd cis Pfeiffer Brew rts

Pitts S¢ & B... 1

Vhion Carb ... Oil

un Lo Cp. Un Air Lines .

High. . 1498

Pictures’ vie 35 lv 163

Commonw & So 27s

L. 40 Edison ... Cons Edison pf 106 1678

39Va

Crown Zeller ...

Curt. Pub pf ...

Boehler D Cast 3

1156%%

Goebel Brew . . :

Gotham Hose .. 1

Gryhnd Corp ..

207s ar. Si 323 4474

Shy

McKeesport ....

11 15-32 323,

oe 19%

we 20 ...180 Am Fish .. 193;

West, Oil .. Packard ......

272 10%4 37%

. 2012

17578 2234 578 . Ba 64%4 334s 45%4 1 . 5234 Va 3

3 4 . HT3s 30

7 3312

28 Press Stl Car N 25'% .128

Oi 213 Pure O 6 cucvpf Ie Purity Bak ...

Reyn Spring .. <

Jos lead sx’ D

Sparks With ...

Stan CG & E a

Syming-Gould 3

Thompson Pr .. 2

Timk-D Axle ... 2 Transamerica ..

20th Cent-Fx pf Co. 22%

— 99 Ys . 26% 28% 18% 6

2 43

5612 15614

301.

30a 44’

22%

98%

Net Last. Change.

DBD WOW 00 fe DOL —

ors

223, 37. 34°%% 532 0h

11s

MARKETS AT A GLANCE

Stocks firm in dull trading. Bonds higher; U. S. Government issues firm.

Curb stocks steady trading. Chicago stocks narrowly irregular. Call money 1 per cent. Foreign exchange firm. Cotton 8 to 12 points higher. Grains higher; wheat up about 2 cents a bushel. Rubber 54 to 60 points higher. Silver bars in London unchanged at 20 11-16 pence a fine ounce.

INDUSTRY REPORTS GOOD FIRST QUARTER

in quiet

By United Press NEW YORK, April 19.—American industry this year enjoyed the most profitable first quarter since 1930 despite higher wage and material costs and increased taxes, a survey based on earnings statements of the first 63 reporting companies showed today. =» The organizations comprising all major branches of manufacturing, except automobiles, had combined net earnings of $76,783,626, an increase of $21.115,701, or 39.7 per cent compared with the $55,667,925 reported for the for the first 1936 6 quarter.

BANKER’S ATTORNEYS FILE APPEAL NOTICE

Attorneys for Raymond Korte, New Albany banker and auto dealer sentenced to eight years in the Federal pefiitentiary and fined $5000 for embezziement and misapplication of funds, have filed notice of appeal. Korte pleaded guilty 1o the charges after a demurrer attacking the constitutionality of the Federal Deposit, Insurance Act was overruled by Federal Judge Robert C. Baltzell.

MONEY MARKET

CLEARING HOUSE STATEMENT Cinarings .

TRE: ASURY STATEMENT

By United fh WASHINGTO April 19. —Government expenses and receipts for the current fiscal year through April 16, compared with a year ago: This Year Expenses ..35,9f 3 Receipts Deficit. ... Cash bal... Pub. geo. Gold res. Customs

“>

S31

98,7 1.06 .34. aaa "035, 940. 47 3 .11,703,999,621.70 8 Si 918.82 ay's Pur. Inactive gold. ed 305, 353.29

FOREIGN EXCHANGE

NEW YORK, April 19. -- Foreign higher: atest

— 03

Total Pu $472,741, 260: 51

gxciiange chan, 0d ge 00 a: 161100003 00001, .0001) 2

England {pound 4.9 Eng. (60-d. bill rate) 491 11- 16 Canada (dollar) 00! France (franc) Italy (lira) Beigium (belga) Germany (markt Germ. (trav, mark) Switzerland (franc) Holland iguilder) Spain (peseta) Sweden (krona) Norway (Krone) Denmark (Krone) Australia (pound) Austria ishilling) Czechoslovakia (koruna) Cenlyn Finland (markka) . Greece (drachma) . Jugoslavia (dinar. New Zeal. fpoundy. Poland zloty) vio Portugal (escudo) . Rumania (leu) et Argentina (of, peso) Argent. tunof. peso) Brazil (ofl. milreis) Brazil runf. milreis) Chile (peso) Peru (sol) Uruguay " Mexico (ilo pes 0) Hongkong (dollar) Shanghai (yuan) India (rupee) Japan (yen) *New 1937 37 high.

CHICAGO 0 PRODUCE

CHICAGO, April 19 -Eggs—Market, 1insettled; receipts, 41,468 cases; fresh graded firsts, 22c; 1912. current receipts, 20%; : : ‘storage-packed firsts, 23c ‘storage- packed extras, 23!ac; extra firsts, 22 Buter—Market 8096 tubs; extra firs 298m extra (92 v 32 3034

standards, steady; receipts 17 ducks. IIe broilers, 23@24c; hens, |15619';c; horn hens, 10w 16'%¢c; old voosters, 1240 3150, turkeys, 15 20¢ fryers, 23@25c; bare-

16%:

"2365 9584

0003" 10001

M0002

200001,

weak: receipts, 190-9115 scorer, 30'sic. 5 30':c, specials,

4C. Poultry-—Market. trucks: geese, 13c:

167 16'5¢c: daisies, @ To ati 16'2@ 1634c, Potatoes— (Old SLOCK) Supplies, ate; demand, slow t{o_ good; steady to, weak, 3 1eakie Russel

$2.50@ 2.75 0 Green Mountain, $2. 95@ 2.30; Nebraska Bliss Triumphs. $2.40: Wisconsin: Round Whites, $2w@?2.10; U, 8 Commercials, $1.70 1.75; Wisconsin Green Mountains, $2.15 (New stock) --Supplies, moderate; demand, fair to slow: market, steady Lo . (track sales, carlots, per hundredht sacks) Texas Bliss Triumphs, $3.5 @4: U. S. No. 2, $2.75; Louisiana Bliss Triumphs, Arrivals, 135; 231: Saturday, 877.

FOOD PRICES

Apples No. 1 Rome Beauty, 2': inches. $2.50; No. . 1 Ben Davis, 233; inches, $2. Bananas—B8elected, 1h.. 434c. Grapes—S. A Almeria or Emperor, 20-lb. box, $3. Pears— California Avocados, $3.50. Pineapples—$4. Strawberries—Louisiana, 24-pt. crate. $4. Tomatoes — Repacked, 30-lb. lug, $5.50. Oranges--Florida Valencias. bruce box, 5: Red Ball ni wel, $3.25605.50. Lemons-— Red Ball, $4.75. Grapefruit—-Texas Seedless, 64s, $3.50. Limes— Mexican, carton 12s 22'2c. Artichokes—Doz., $1. Asparagus— California, 30-1b. crate, $3.50@4. Beans— Florida Stringless, hamper. $3614, Beets— Home grown, bushel, $1. Broccoli—Califor=nia ,$4.50. Cabbage—New Texas, lz crate, $1.50. Carrots—California, 6- doz. crate, $3.50. Cauliflower—$2.25. Celery—Mammoth, doz., 85c: Jumbo, doz., 60c; medium, doz., 45c. Cucumbers—Hothotse, doz.. $1.15. Chives Do. $ ee Plani—Florida. doz., $1.5 5c. Lettuce— Arizona Bost Iceberg, ush tha 3.75; leaf, hothouse, 15-lb. basket, $1.75. Peppers—Mangoes, crate, $3@3. 50. Onions—Western Spanish, 50-lb. bag, $2.50; home grown green, doz. i hamper, $3.75. Mushrooms, home grown, Ib., 30c. Potatoes—Maine Green Mountains, 100-lb. bag, $2.85. Sweet Potatoes—Tennessee Nancy Halls, hamper. $2.25. Radishes— Buttons, hothouse, doz.. 50 40c. Rhubarb— Home grown outdoor, doz.., 35c: hothouse, 55c. Rutahagas—Waxed and tagged, 50 lbs., $1.50. Spinach—Texas, bushel, 90c.

modermarket, ‘Burbanks, 2.35; Maine

$3. on track, shipments,

Sunday, 74.

CHICAGO—April 19.—Sweet Potatoes— Louisiana Puerto Ricans, [email protected]. Carrots—Illinois, bu.. 652 902. Sp inach— Texas, c@ $1, °F Cates erin, lugs, Cenlifiox oro) ifornia, crates, 75. - California, hampers, | Celery Florida. 10inch crates. : Onions—Iliinois, Indiana and gt yellows, 50-lb. sacks, 90c@$1.15. .

Net Low, last Change. Tl Ta 833: 833% 14 ney 1167 -}- 8 221, 402 61 63% 101

1% 1121,

High. Un El Coal .... Va United rFu . 83% Un Gas Imp ... U S Gypsum .. S Hoffman -..

US Rub 1 pf 110114 Un El Coal Rts 1's 1lg U S Steel 11214, 1111; Vadsco Sales .. 2 2 2 Vanadium

Va- Car 6 pf.

Walworth +i Ward Bak B.... Warner Bros Warren Pr West Union ... West A Bke... 48'% Westing El ....139 Wheel Steel / Wilson & Co... 10% —Y—

Yellow Tr ...., 311 Young 8S & W.. 41%, Young Sheet .. 87%

ce Foe : Zenith Rad eon 38Ys a:

RAILS CONTINUE | T0 GAIN ON BOND MARKET TODAY

U. S. Government Issues

{

‘Recover Today

| Coffee, Rio Us spt. (1b.)...cc0uae

Firmer in Quiet Trading.

By United Press } NEW YORK, April 19.—An advance in railroad funds marked quiet trading on the listed bond market today. U. S. Government bonds firmed. High-grade rails were strongest. Great Northern 4s G of 1946 rose to 129%, both up 1!4 points. Canadian Pacific and New York Central issues strengthened. New York, New Haven & Hartford, Erie Railroad and Chicago Great Western bonds featured gains in sec-ond-grade rails. ‘Republic Steel 4% s of 1950 were up 2 points to 187. Utilities eased irregularly. Federal farm mortgage 3s 1949 scored the widest gain in the Government section, rising 6-32 to | 101 27-32. Home Owners Loan 23s | a of 1949 were most active, gaining 1-32 to 1005-32. Gains in the Treasury group ranged to 5-32 in the 2'4s of 1949-53 at 9730-32. Cuban and Italian bonds feature moderate gains in foreign obligations.

Profit-Taking Checks

Cotton Advance

NEW YORK, April 19.—Cotton futures met heavy profit-taking today and lost about half of an early advance ranging to $1 a bale. Around noon the list was 8 to 9 points net higher, compared with earlier gains - which ranged from 11 to 21 points. Although the undertone was good, little new demand was in evidence after the opening.

Commodity ‘Markets

NEW YORK, April 19—World commodities recovered today on helief that staple markets had been strengthened technically by the re-|m

cent severe decline, Grains and rubber futures led, largely reflecting the action in foreign markets which generally showed impressive recoveries. Rubber futures which lost about 5 cents a pound in recent weeks rallied more- than I: cent a pound in active trade. Mid-day gains ranged from 53 to 58 points. Cocoa futures moved up 17 to 19 points, hides gained 12 to 22 points, silk advanced under lead of the world contracts. Copper futures were unchanged to 32 points higher in the face of reactionary trend abroad, while coffee futures were unchanged to 3 points lower. Lard was 15 to 171: points higher and cotton seed oil moved up 16 to 18 points.

Selected Issues

Gain on Curb

NEW YORK, April 19.—A few selected industrial issues advanced on the Curh Market today but most other shares moved narrowly. Trading was dull. Chicago Flexible Shaft rose 2'3 to 97 and New York Steam gained 1% to a new high of 29, while Tom color was 9¢ higher at 223{. Fractional losses were shown by American Cynamid “B,” Wayne Pump and St. Regis. Newmont Mining dropped 275 points to 116%. as Hudson Bay and Hecla gained 'i and !g, respectively.

2 enizago Stocks Mixed

In Active Trade

CHICAGO. April 19.—Price movements were miXed in moderately active dealings on the Chicago Stock Exchange today. Utilities generally were lower, but other sections developed an irregularly higher trend. Zenith Radio met strong demand and moved up 1% to 37!%, while such issues as Armour & Co., McCord Radiator A, Rollins Hosiery preferred and Gardner-Denver had gains ranging to a point. On the other hand Quaker Qats sold off a point, Bendix dipped 11. points and Rath Packing and Walgreen eased fractionally. Central & Southwest Utilities prior liens and North West Utilities prior liens lost a a point: and more each, Commonwealth Edison was firm.

BANK STOCKS

(By Blyth & Co., Inc.)

Bankers Trust Central Hanover Chase National wo Chemical Bank & Trust. . cosas Guaranty Trust Irving Trust . Manufacturers Trust Natonal City Continental on First National Boston. . .e National Shawmu t Nationgl City, Fire Insurance Aetna Fire . American of Newark Belumore & American

Klin Great American Hanover jar rjtord

“National Fire

Natonal Liberty North River

secsscscse

S Fir . MWestereater sessssssssssescss 3934 *Ex-Dividend.

31'2

Saturday Week ago Month ago

.....151.94' Year ago ..154.85/ 1937 high 152.74, 1937 low

om —

Commodity Wheat, No. 2 red (bu) ......... Corn, No. 2 yellow (bu.)..... Rye. No. 2 (bu.).... Oats, No. 2 white (bu.)......... Flour, sprg. pat. (196-1b. sack).. Lard, prime steam spt, (1b.)....

Today $ 1.32% 1.3134 1.151% D3 8.275 1125 09 +0350 32%

ceevesanvan

Sugar, raw, 96 test (Ib) .csccine Butter, 92 score (1b.)......ce0.00

Hogs, ave. most sales (Ib.).c.co Es , .

! (Copyright,

235s of?

Following are the prices nsed in compiling daily price index:

N. Y. Bonds

BOND FRICE INDEXES (1026 Average Equals 100) 20 20 20 Rails Util. 96.3 102.6 94.2 -10L9 97.5 103.3 91.9 104.9 v4.8 95.8 101.2 106.0 94.2 101.9 100.4 - 106.2 84.7 103.3 86.4 103.6 93.1 , 71.0 89.3 83.0 1937, Standard Statistics Co.)

60 Bonds 97.9 95.9 98.0 96.0 85.6 100.7 95.9 100.2 93.3

Inds. 92.3 91.6 93.3 91.3 ago. 86.3 . 95.0 91.6 94.8 . 90.0 91.4

Yesterday Week ago Month ago ....

save

eevee

Two 1937 1937 1936 1936 1935 1935

years high

U. 5. GOVERNMENT BONDS Treasury Bonds

July 1955-45 Jan.

May 1957-37 ... 102 Nov. 1958-38 104%

Federal Farm Morigage Bonds 102.25 101.27

102

101.27 101.

100.4 99.24

100.5 99.25

Alles gore, 5s 49 : 90'2 90!': & Fr 5s : wave /3 7812 a Ice Co. Po : SY 95%, Arm Co Del 4s 55 ...... ! 96s At TSF gen 4s 95 1084 Atl Coas: | 100%z

Brklyn MT 4%5 66... 93%a Bkn U Gas 5s 50 .. ¢ Bkn U Gas 55 57 ....

oho Corp’ 53 47 ae 1] itn Ches & Oh 3'2s 96 Chi Bur Qu 3s 71 .. Chi Gt Wes 4s B2 Ch M& SUP & PSs Ch M & St P&P 5s 2 Chi N W 43s 49 Chi R 1 gen 4s 88 . Chi W Ind 4'4s 62 Chi W Ind cn 4s 52 02° 102’. CCCStLr5:D63 105 11-16 105 is 16 105 Col G & EE 5s 61 1 102 102 Com In Tr 3's 31 .... 10075 Crane Co 3'%s 51 . 987g Del & H ref 4s 43 213 aria Den Rio Gr 4s. 36...... 32 Duquesne 3!2s 63 Erie ref 5s 67 Gen M Ac

Gt North Ist Hes 61. Git Nor 4s Gulf Mo & S 5s Cc 50. Hud Man adj 5s 57. 1CCSLNO 25 2 \ 63. Int R T 6s 32 Int RT Int Paper Iowa Cent 4s Kan C South 5 50. K C Term 4: 60 Loews Inc 3':s 46. Lou Ark Rv 5s 69 . ou & N 33 as 2003. McCrory S 51 my Mil El Ry Lr Bs B 61...103 Mo Pacific 5s I 81 Mo Pacific 3 X Ti... Mo Pac 5s 77 ct Mo Pac ref 5s 3 05... Nass El 4s 51 . Nat D P 3%s 51 WW. N Y Cent cv 6s 44 N Y Cen cn 4s 98 seek N Y Cen col 3l>s 91...-96 NX NH Hcov 6s 48... N Y Tel 42s 39 Nor Am C Nor Pac 5 or Ws

Poun RR on als 65 | Phil Rd Coal 6s 49 “olen Postal T & C85 HI Rep Stl 5'2s 54 R Steel C 4's 50 St LSP 4'25 A 178 SL. LSF 4',s 17 St LSF 4s Seab Air Pac Sou Rwy Sou Rwy 6s A 5 Third Ave ref 4s 60 .... Union Pac 3!. U S Rubber 5s 4 V Cruz P 4!,s Wabash 5'28 A 75 Walworth 6s 55 ¥ix W Maryland 4s 52 West, Union 5s 38 Wheel Stl 4158 66 ..... 9¢

FOREIGN BONDS

Argent 575s 62 100 15- 18 100 a 16 100 15- 16 Australia 4'2s 56 013 10 Belgium . 6'>s 49...... 101% Brazil 62s 26-37 Buen A 4's 6 Canada Chile 65

DINIIND DO W—O DD TLIO ~J U1 OUI 00 aL

2) a Dra

99'a

Copenhag 4'cs 3 Cuba 5lzs 45. Denmark 4,8 ‘62. French 7!as 41. French fs 49. .... Ger 5'2s 65 unst Ital Pu Util 7s 52 Japan 6'2s 54. Milan 6'2s 52 . New So Wal 2s 5 Norway 4'4s 65 Norway is Paris O Rv Peru 6s 5. Prussia 6s Rhine West Ss Jo Rome 6's 52 . Sao Paul

1 Tokyo E! ec 6s Uruguay 6s 60 Yokohama 6s

i 823;

Chicago Stocks

High, Low, Armour & CO..ce0u00.0 12'a 12'% Asbestos Mfg cesoncsess 2% 234 Bendix Avial ce.caasses 23% Chgo Corp . assse P33 Cities Service ComwlIth Edison. .. Consumers CoO cc.as Gen Hshld Ut..... Heilemann Brew .......s Lynch Corp Mid Midland Uarted No’'west Bancp Quaker Oats Rollins Hos cv Stan Dredging Swift Intl .. . «anne Bt Utah adi Prod ah Woodall Ind dase ld Zenith Radio

NEW BOND ISSUES

(By W. L. Lyons & Co. d Bi

M2. 0eesoneor- 89% . 10

Last. 1212

rs a

23 535

wn qe Nn

esasscnee 4

ss..1121%

— — 1]

11212

CoA “nas og

“xn

— > a =I0S ABI NO LD = =D '

— St Pt - no

[21 S105 be Nm] 8D re ee OT — RD st dt

29 ~ x Ra Lm

Argentine Rep 4s 4s 158

39. Cail Oro Prw 4s ‘66 Celotex 4las 47. Cent Maine Pwr 4s

Cinti G & E 3las 60 Dom Canada 3s 67. Fla Power 4s ’66... Fla Power 5s '66 Houston Lt & Power 31:8 258: Indpls Water 3l.s °* Kansas P & L 41h Koppers Co 4s ’51. sees Kresge Foundation 315s ny. Los Angeles Rev 3s '67 Louisville G & E 312s "66. Metro Ed 4s Naira Elec 3las 66 Y City 3s 11 N Y State Elec Gas 4s ’65..... 96 Northern State P 3'2s '67..... 95's Ohio Edison 33s 12 . Okla G & E 4s ° Okla Gas Otis Pac Lighting, 4! ous 35. Phila Elec 3'%s ’67. 3 Sou Kraft 413s ’46...... -.99%3 Wise G & E 3las 682004225, 10010 Wisc Pub Svc 4s 61 101}=

Cotmoliiy-

tton. Mid-Upland Ll ames | Souen

(April 5)..158.26

(Jan. 29)..141.47 | Copper. electrolytic

Zine. spot (1b.)

Year Ago

Week Ago $ 1.434 § 1.03'% 1.41%; 65 1.25 087s 55% 305% 8.825 6.750 21202 1110 09 0814 .0343 N35 32 «303% 0990 10570 ‘

aves asp

Silver, comml. bars

scrap and hides.

CHICAGO WHEAT TURNS SHARPLY BULLISH TODAY

Gains More Than Two Cents On Reports From Europe And Argentina.

By United Press CHICAGO, April 19—Wheat prices on the Chicago Board of Trade today began climbing back. toward the high price peak from which they tumbled in last week’s market collapse. May wheat rose 214 cents to $1.33 a bushel, July futures, representing the first harvest of the 1937 erop, rose the same amount to $1.22 a bushel and September wheat, which represents the last of the 1937 crop to come to market, rose 23% cents to $1.19%. Prices held steady at opening levels,

23% |

3% !

Lambs, avg. most sales (Ib)... 3 Hides, native hvy. steers (1b.).. Wool, fine unwash. cmbgs. (1b.).

Silk, 13-15 deniers Jap. (1b.).... Rubber. spt. smk, rib (1b.).....

Lead. spot (Ib.).... Tin, Straits spot (Ib) ........

Steel, scrap, 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).... Crude Oil, 40 gravity (bbl.)..... (Source of Quotes~—Chicago: Boston: Wool. ville: Cole, Tulsa: Crude oll. New York: All of

Liverpool Up

Liverpool today opened much higher on the show of strength meade by Chicago and Winnipeg Saturday. At the same time an announcement in Berlin that Germany's drastic four-year self-suf-ficiency plan would be sharply altered was taken by world traders to mean a re-entry of the Reich into the world wheat picture as a customer. Local traders based operations entirely on foreign developments, reports of fair weather in the winter wheat area getting not more than passing attention. Buying was well spread, all futures sharing the sharp advance. A report from Argentina that only 34,000,000 bushels remain for export brought continued buying. Liverpool was strong and had a bullish effect here. Wheat receipts were 22 cars, The initial bulge in corn was checked by selling on resting orders by locals. Deferred months were stronger than May but the former deliveries receded from the extreme highs while May held steady. Corn receipts were 69 cars,

WAGON WHEAT v grain elevators are paving $1.25 for 1 red wheat, other grades on their Cash corn new No. 3 vellow, $1.19. Oats, 49c. Hay—No. 1 timothy. [email protected].

ARGENTINE GRAIN BUENOS AIRES, April 19tures opened higher. Wheat— up Misc; July, $1.20. May, bdc. up 1'ae: Ozts—April, 30c, unchanged. $1.317%, up 2c; July,

Grain fuMay, $1.21, Corn 2C, up 1%ac Flax—May, $1.32%;, up 2c.

LIVERPOOL WHEAT : Sige,

Prev.

x Vi Close C Jose

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~ gy - x GENERAL BU 'SINESS ~—April 19— CORPORATION NEWS Adams Express Co., net assets March 21, equal to $25.18 a common share vs. $22.84 on Dec, 31 and $16.41 year ago. Agfa Ansco Corp. and subsidiaries, 1936 net profit, $157,486, equal to 33 cents a share vs. $13,377 or 3 cents in 1935. Atlantic Refining Co. and subsidiaries, first quarter net pprofit, $1,993,000, equal _ to 69 cents a common share vs. §1,083,000 or 71 cents year ago. Bayuk Cigars J¥ne., first quarter net profit, $152,866, equal fo 30 cents a com=~ mon share vs. $154,002 or $1.18 a common share in 1936 period which was prior to 4-for-.1 split-up. . Canadian Pacific Railway Co., second week April gross, $2,714,000 vs. $2.474,100 sear ago; vear lo date, $37,099,000 vs. $54.271,000 year ago. Certain-Teed Products Corp. and subsidiaries, first quarter net profit, $7,016. First earnings for initial quarter since 1928, equal te 10 cents a 6 per cent cumulative prior. preference share vs. net loss $24,367 year ago. Cream of Wheat Corp. and subsidiary, first quarter net profit, $381,449, equal to 63 Pope a share vs. $364,546 or. 61 cents—a_ year ago; 12 menths ended March ~ net-$1,274,371 or $2.12 a share vs, $1,143,005 or SL.O0- previous 12 months. Fectric Bond & Share Cos 12 months ended March 31, net income, $9,619,534, equal to 22 cents a common share VE £9,263,264 or 16 cents in previous 12 months: March quarter, $2,160,059 or 6 cents u share vs. $2,180,936 or 1 cent year ago. Loew's, Ine, weeks ended March $8,606,130, equal to share vs. 35,033,038 or $3.04 year ago. Massachusetts, Invesiors Trust, net assets on March 31 equal to $30.0% a share vs. $28.87 on Dec. 3f and $15.52 year ago. Mercantile Stores Co.. Tne., and subsidiaries. fiscal year ended Jan. 31, net profit, $803,990, equal to $5.07 a common share vs. $120,186 or 50 cents in preceding fiscal year. Nevada-California Electric Corp. and subsidiaries, 1936 net income, $831,896, equal to $1.1¢ a common share vs. $871,938 or $1.63 in,1935. Overseas Securities Co., Inc, het assets March 31 equal to $15.79 a share vs. $15.65 on Dec. 31 and $10.53 year ago. James Talcott, Inc., first quarter net profit, $177,407 vs. $158,759 year ago. Dividends E. L. Bruce Co., $1.75 on new $3.50 preferred for period Oct, 1 to March 41, 1937, and $1.75 on 7 per cent preferred for period Jan. 1 to March 31, vayable June 1: record, May 15.

RETAIL LINAGE RISES

By United Press CHICAGO, April 19. —Retail supply advertising in newspapers of 7 leading cities for the week ended April 10 increased from the preceding week and from the pre- -Easter 1936 week, Advertising Age reported today.

subsidiaries, 28 -11, net profit, $3.26 a common

and

PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX

NEW YORK, April 19.—~Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press (1930-1932 average 100):

Year Ago 115 A134 34 1181 1.74 J6% 001% 0460 N4190 461% 45 11.50 18.84 3.65 2.35 50.00 - 38.00

Week Ago $ J218 § 1678 45 1453 2.022 247-16 A504 L060214 0300 61 46% 0 23.25 4.60 4.25 2.5 2.25 60.00 60.00 52.50 52.50 090 .090 097 1.27 1.27 1.18

Grains, livestock, lard, steel E. St. Louis: Opts

Today A295 A167 A5 A3 2.00 220 A515 060215 L0300 D81L A514 1.25

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y Y Al y » CHICAGO LIVESTOCK CHICAGO. April 19.—Hogs—Recaipis, 15.000, including 4500 directs: market; steadv to strong or steady to 10 cents higher than Friday's average: 1 * bulk good and choice 200-320 (10.30; 150-190 lbs $3.3 50@ packing sows. [email protected] Catue—Receipnts, 13.000: calves 1500: general market, active: firm to 25 cents higher; common and medium grade steers and heifers getting best action: even good to near choice vearlings and weighty steers selling dependably: all interests in trade: largely short{ed run practically all steers and yearlings selling $12 down; comparative handtuls medium weight and weighty bullocks, $13.50@ 14.50: latter price top early: prime steers absent: best heifers. $12: this class ruling 15@25¢ higher; cows, strong to 15 cents higher; bulls and vealers, strong: best sausage bulls. $6.85: selected vealers. up to $10.50; stockers and feeders continue dull. . Sheep— Receipts, 13.000, including 5400 directs: fat lambs, active, 25@35c¢ higher; bulk, $136 -3.25; earlv top, $13.25 to shippers; few J20e% $12.75; common to medium load $11.75: firm; wooled ewes. $6% 6.50. FT, WAYNE Ind., Aoril 19.—Hoes—Market, 56:10c higher, 225-250 1bs.. 275 1bs.., $9.95: 2 1

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‘JUSTIFIED’

stags, $3 75.

By United proce LONDON. April 19. — The liner Queen Mary.has “fully justified” all expectations, the annual report of Cunard, White Star, Ltd., said today in reporting a 1936 profit of $2,883,560, compared with a loss in the previous year of $136,027.

27g Ts { 3634 % a6 |

{SMALL SUPPLY "INSPIRES GAIN IN HOG PRICES

3 Vealers Fall 50 Cents From

High Levels of Last Friday.

U. S. Department of Agriculture Curtailed supplies = of hogs, not only at Indianapolis, but around the I market circle as well, stimulatted de- | mand here : today that recovered | most of last week's closing decline. |10c over Saturday's level, top be=~ ing hoosted to $10.25 on choice 225-250-pound weights. Light-lights and pigs were unchanged. There was a good undertone to the market on the established basis and’ clearance | was readily effected. A little stronger market for packing sows saw bulk moving at $9.25 to $9.65, with top $9.75 for numerous lhightweights. Receipts were estimated at 6000 head,

Fat Cattle Active

Moderate activity was in evidence in all branches of the fat cattle sarket. Steers and heifers sold steady to strong with last week's ciose, occasionally a shade higher. Cows were fully steady and bulls held unchanged. Most sales of steers and yearlings ranged between $9 and $10.50, a few small lots going at $11 to $12. No strictly choice quality Kinds were available. Heifers bulked at $9 10 $5.60, a few loads ranging upward ta $10.20. common and medium quality beef cows turned at $5.50 to $6.50, with cutter grades $4 to $5.25. Good cows earned $6.75-7.530, with odd head choice to $8.50. Top on sausaze bulls held at $6.50. Cattle receipts were estimated at 1200.

Vealers Decline

High levels of last week were ihe principal factor in vealer declines today, lesses of 50 cents heing recorded. Good and choice | vealers ranged from $10 to $10.50, with medium mostly from $8 to $3. A few heavy calves sold from $6.50 to $8.50. A 25¢ advance in local lamb values was limited to a double deck of choice 91-1b = experimentally fed shorn offerings which comprised bulk of meager supply. Except for a few slaughter ewes which sold upward to $5.50, other classes - were absent.

HOGS april Receintg

Bulk, 12 9.45

$9.45] 13. 9.401 14. 9.400!1 15, 9.55w1 16. 10. 05@ 1 1 9 195@ 10.

hts— ) Good ana Medium Lightweights— (160- 180) Good and

Medium ra (180-200) lg and fedium Mediun) ‘Weights— 0-220) Good ‘390 250) Good Heavyweights. (250-290) Good and 1290-350) Good and Packing Sows--(270-350) -Good (340-425) Good (425-550) Good ... (275-550) Medium Slaughter Pigs 1100-140) Good and Medium .... CATTLE — Receipts, 1200 (330-900) Choice FOO! Medan Common ...

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Vealers : —Receipts, f Sos 3nd choice Med Cull nd ‘common

(250-500) Good and choice..$ 6503 Common, medium. 5.00@ Feeder and Stocker Cattle (500-800 Good and choice. .$ 7. 00@ Common. medium. 280% (800-1050) Good and choice.. 6.502 Common, medium.

¢ PPC PCT) 32 o223 E 2933

Heifers— Good and choice Common and medium SHEEP AND LAMBS —Receipts, 500-—

Lambs — Choice ««;. Good Mediym

80- -175) Good and choice . ommon, medium 5. {Sheep and lamb “quotations on clippe basis.)

LAFAYETTE, Ind.., April Market, steady : 225-300 [email protected]; Bao bs.. $9.90; 180-225 Ins?

$9@9. 35° 0 Ibs. $7.7568.25; Calves, $12 down. Lambs, $11. CINCINNATI, April 19.—Hogs-—Receipts, . including 343 direct; holdovers, 190; market, active, steady: top. Sid :

'$7@8. 75; good pac ing TSOWS, few smooth lightweights, $9. Cattle—Receipts, 1000, calves, 600: mar= ket, active. steady to strong; good sows, largely $7/ 7.50: cutter grades, [email protected]: vealers. 50c lower, good to choice, $9@ 10. . Sheep—Receipts, 50; market, steady: good to choice wooled ‘lambs, quoted $12@ 12.75; ‘shorn, to $10.50 or above. Clipped slaughter ewes. $2 w4; small lot choice 55+ 1b. spring lambs, $13.

$ 100- 140 ‘Ibs. $8.50 8.75:

TYPEWRITTEN LETTERS s+ AUTOMATICALLY TYPED ADDRESSING & MAILING MULTIGRAPHING STENCILS CUT MIMEOGRAPHING RULED FORMS UP TOo14" X 20°" TWO NOTAR: «=

303-307 Merchants Bank Bldg. LI-6122

NEW YORK CHICAGO TORONTO SOUTH BEND FT. WAYNE EVANSVILLE BOSTON CINCINNATI Indianapolis Office

200-214 Circle Tower

Thomson & McKinnon

New New New New New Chicago Stock Exchange Chicago Board of Trade Winnipeg Grain Exchange

MEMBERS

York Stock Exchange York Curb Exchange York Cotton Exchange York Coffee and Sugar Exchange Orleans Cotton Exchange

And Other Leading Exchanges

LI. 5501

Weights about 160 1bs. advanced &

“3 Ty = FPIIW

19.~ Ho tS .

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