Indianapolis Times, Indianapolis, Marion County, 21 April 1937 — Page 18

2

PAGE 18

THE INDIANA

POLIS TIMES

WEDNESDAY, APRIL 21, 1937

TT COMPLETE N. Y. EXCHANGE

STOCKS

Ww

Ww

g 7

The Times

inancial and Market Page

Ww

COMPLETE LOCAL LIVESTOCK

FARM SHARES GAIN

AS DULL E CONTINUES TO RISE

An

Deere & Co. Reaches New High For

Year. ~

By [United Press NEW YORK, April 21. Stock prices advanced fractions td more than 3 points in

dull trading today. ‘Farm equipment shares again were sharp gainers. Deere & Co. advanced to a new high at 137!2 for 314 gain while J. I. Case showed -a corresponding gain. Railroad issues were in demand in early trading but this subsided in

the afternoon although prices were |

maintained. Steel shares were strong in light turnover. Chrysler was more than a point higher while metal strengthened.

FIRST HOUR.

The market opened firm and extended advances in subsequent dull trading. Rail shares again were in demand, New York Central crossing 51 while Southern Pacific and Delaware & Hudson gained a point or more. U. S. Steel opened fractionally higher and then advanced to 113!: for 1!: gain. Bethlehem was also, more than a point. higher. Chrysler went above 118 -for more than a point gain. Copper shares strengthened, Anaconda and Kennecott each gaining a point or more. Volume approximated 300,000 shares compared, with 390,000 in the first hour yesterday. Dow-Jones averages: Industrial 182.36, up 0.92; rail 61.45, up 0.50; utility, 31.23, up 0.20.

SECOND HOUR

Gains were extended in light trad- |

ing. U. S. Steel reached 114% for 23; gain, Bethlehem went to 937% for 2% gain, Youngstown Sheet & Tube reached 947s for 11, gain. Chrysler crossed 119 for almost 2 points advance and General Motors firmed. New York Central remained around 51 and other rails maintained their advances. Anaconda went to 57%, where it was 17s higher, and International Nickel at 63°. was 1% higher. Farm equipments were led by Case, which gained 3%: to 1691s. Transactions approximated 220,000 shares, compared with 220,000 in

issues |

the sececnd hour yesterday. DowJones averages: Industrial, 182.78, up 1.34; railroad, 61.48, up .53; uitlity 31.17, up .14, or THIRD HOUR

The market remained fairly steady | in quiet turnover. mained at 93 and U. S. Steel at | 1141. New York Central continued | to sell around 51. Demand for farm | equipments continued good. Deere | & Co. reaching a new high of 1371: on 3! gain. Du Pont was [fairly active to reach 162 for 214 gain. American Smelting led that division with 2's advance at 91's. Oils were fairly active, Texas Corp. and Socony Vacuum making new highs for the year while Seaboard gained more than a point. Volume approximated 200,000 shares, compared with 150,000 in the third hour yesterday. Dow-Jones averages: Industrial, 182.79, up 1.35; railroad, 61.44, up 0.49; utility, 31.08, up 0.05.

DOW-JOMES STOCK AVERAGES 30 INDUSTRIALS 181.44 . 181.93 . 181.32 151.92 135.92

143.11.

0.62 —0.17 2.45

+1.36

Yesterday Week ago Month ago Year ago .. Hizh, 1937, High, 1936,

194.40; low, 184.90: low, 20 RAILROADS Yesterday Week ago Month age Year ago’ . High, 1937, Hizh, 1936,

6, 16; low, 53.13. 58.89; low, 40.66, 20 UTILITIES Yesterday Week age Month age Year ago High, High,

37.54; low, 36.08: low, 70 STOCKS

1936,

Yesterday Week ago Month ago Year ago High, High,

1937, 1936,

69.67; 66.38;

——

: Net & High. Low. Last. Change. Acme Steel . 832 831% ; - 34 Adams Exp .... 19% 19 1 : s Adv Rumley 234 234

63.43. 51.20.

low, low,

Ty biti ht

DEEL EE

At Atlas Corp ... Auburn Auto >: Avn Corp

+1:

Bald Loco - Bald Loco pf .. Bald Loco as .. Balt & Ohio ...

Bethlehem re- jie

[ 1m

High. Low.

Briggs Mig .. 4814 Bklyn-M T .... 353 Bruns-Balke .. 21! Bucyrus-Erie fe Budd Mig .... 11 Budd Wheel 93g Bdgept Brass Ris, 2 28 Burrougis Bush Term 30% 3

Call Zinc . . dls Calumet & H .. 14%, Gampyen Wy .. 314 Canada Dry ... 3313 Can Pacific .....1 Carriers & Gen 914 Case, J 1 . 16812 Caterpillar Po 921% Celanese vie 30% ' 30%

61% 51 god 2815

Certain-teed

ChMyIsp pf Ch Nw

a Chi 2 Nw pf .. 14%

3 leve Gah Br 141% Coca-Cola .. 16212 Colum Gas .... 3 Com Cerdit .... Com In Tr Commonw & So Commonw So pf i; Cong-Nairn Cons Edison Cons Film Cons Oil Con Textile ... 1 Cons Coal vte.. 12 Container +35 Cont Bak Cont. Can Cont, Ins Cont Oil Del’ Corn Prod Coty Crane Co Crosiey Rad ... Crown Zeller 233% Crucible St... Cub-Am Sug Curtis Pub Curtiss Wr Curt Wr A

cond Crown Zellr pf 107'2

Deere & Co ..-135! Deere pf svi, SOY Del & Hud .. DL & W Dist Seag 23 Doehler D Cast 3¢ Dome Mines Douglas Air Du Pont

East Kodak .. Eaton Mfg .. Eiting Sch E'ec Auto-L Elec Boat .. Elec P & L 2 El P & L 86 pf 74 El P & L $7 pf 79 Fl Pat so Nat Gas 25 203,

Eri 4 Erie r pf 303s

CHANGE:

48 350s

i, : 14s >

wf

Fajardo Sug ... 56'nx Fed Screw .... 8 Fid Phen .... 391; Firestona T Flintkote Co Foster Wheel .. Freept-Sulphur

Goodyear .. Goodyvr pf Gotham Hose i Graham-p . Granby een Ya Gt North pf ... 3 { Gt Nor Ore 2415 Greyhound gos 1435 M 1314

| Harh-Walk : 221; Household F pf 921, Houston Oil 154, Hudson Mot ... 20! Hupp Mot ....

Central Ill -Cent pf Ind Rav Insp Con Inter R T Inter Iron Int Harv

13312

Kan C Sou .... 26; Kas C Sou pf .. 40 Kelsey Haves A 183% Kelsey Hayes B 1512

sge 3 251% Kroger G 23

Lee Rub .. Lehn & Fink L O F Glass Lies & My B Lima Loco Loew's . wri Lone Star Cem. loner a ou & Nash ...

. 24%

McLellan St Macy RH Man El mod gtd Marine Mid ...

Masonite Mathieson Mead Corn

3 | Melville Sh

fengel .y Miami Cop . Mident Pet Minn-Moline Mission Corp

Mother Lode Mullins Mfg B.

Nash-Kelv Nat Aviation ... Nat Bi i 2 Nat C R Nat Dairy.

Distillers .. Lead '......

Pacific

Ohin 0O1l vai Oliver F Ea. i Omnihus vi Otis Elev

Pac: G & El... | Pacific Ltg .... 43 Pacific Mills... 3¢ Pac West, oll. Packard 1035

Yesterday Week ago Month ago

Commodity—

131

~~

291 921, 151; 201, 2

13312

Tors

153.91/1937 high (April 5) 153.21/1937 tow

Following are the prices used in compiling daily price index:

Wheat. No. 2 red (bu.)........

—

bt Cre eG) Ge Ge eo NAN 0 bR® BRB Ww

vp

MARKETS AT A ‘GLANCE

Stocks firm in dull trading.

Bonds higher; U. S. ‘Government issues irregularly lower. Curb stocks higher under lead of heavy industrials. Chicago stocks higher. : Call money 1 per cent. Foreign exchange irregularly higher; pound at new high. Cotton 3 to 4 points lower. Grains higher; wheat strong. Rubber higher. Silver bars in London unchanged at 20!2 pence a fine ounce.

irregularly

Net Low. Last. Change. Paraffine Co... 80 80 Paramt Pict

Para Pict 2 pf. .

Patino Mines Pen & Ford Penney as R.%. i

Pet C Am . Pfeiffer-Brew .

sft

[=

Plymouth Oil 28% pond Creek Pog 20%

Poo a Poors Stl Car... 262 Proctor & G... Public Serv : Pub Serv 6 pf. . Puliman 63! Pure Oil Purity Bak

volte] tet)

Radio Radio-K-Or Real Silk 25 Reliable-Stores . & Rem-Rand 2 Reo Mot Republic Stl Revere Cop 2 Rey M cu cv pf 1 Reyn Tob B.... 51 Roan-Antel . 687a

Safeway St. Jos St L-S F pf ... Schenley Dist .. Seah Air L Seab A L pi Seah'd Oil Sears Roe Servel Inc .... Shell Un Oil ... 1 Shell Un pf ... Simmons : 5 Simms Pet Skelly

Stan G & Ep Stan O Cal .... Stan Oil Ind... Stan Oil N J.. Stew-War Stone & Web Studebaker Co

Sym-Gould Co..

Telautogrph Texas Corp .... Tex G al . T&PC&O.. Ts Thompson J R Thomp Star .. Tide W A Oil.. Timk-D Ax .. Timken R B Transamerica 4 Trans & W Air 17s Tri-Cont . Ta 20th Cent Fox 397 a 20th Cent Fx pf 49!2

Ulen & Co .... Union Carb ... Un Oil Cal Un Pacific, Un Aircraft United Corp .. United Cp pf. El Coal

Vadsco Sales Vanadium a iB Van Raalte .... Vick Chem ... Va-Car 6 pf 66

Wabash Waldorf Svs Walker (H) Walworth

Kk. Warner Bros Warn-Quin Warren Er Joa West Union ... /s West A Bke ... 467; 461, Westing El .. 144, 142% White Mot .... 281, White Rock ... Wilson & Co... Woolworth '

Yellow Tr MSIE. Young S & W.. 8 Young Sheet ... 94

Zenith Rad . 381%

——

BANK STOCKS

(By Biyth & Co.. Ine.) Bankers Trust Central > Chase National Chemical Bank & “Trust. Guaranty Trust . Irving Trust Manufacturers Trust National City Continental Cipeil First National Boston National Shawmut National City. Cleveland FIRE INSURANCE Aetna Fire An rican of Newark Baltimore & American City of New York Federal | “Franklin Great American Hanover ; Hartford *Home National Fire National Liberty North River Phoenix ; U. S. Fire *Westchestar *Ex-dividend.

EMPLOYMENT NEAR

1929 RECORD TOTAL

By United Press NEW YORK, April 21 —Employment in the United States rose to within 7.2 per cent of the 1929 record in February of this year and showed an increase of almost 2,500,000 workers from February 1936, the National Industrial Conference Board estimated today. The number of persons employed | p in February totaled 43,881,000 compared with an average of 47,276,000 in 1929. In January of this year there were 43,629,000 workers and in February 1936 41,424,000. .

PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX

NEW YORK, April 21.—Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press (1930-1932 average 100).

Commodity—

Cotton. Mid-Upland 121.56 > >

158.26 141.27

Copper. electrolytic

(Jan, 29) Zine. spot (1b.)

Week Year Azo Azo

$1.41's $1.04

Silver. comml. bars Steel.

A | solidated Mining & Smelting idled

INDUSTRIES RISE INACTIVE TRADE ON GURB TODAY

Raymond Concrete Pile Climbs 31% Points; Qils Hold Steady.

By United Press NEW YORK, April 21.—Heavy industrial issues led a Curb advance today, in moderately active trading. Raymond Concrete Pile climbed 33 points to 43'2, Jones & Laughlin Steel rose 11 to . 117, Massey Harris Co., Ltd., gained 1% to 13%; and advances of a point and more | were shown by American Manufacturing, Brown Co. preferred, and Carrier Corp. New York Steam featured utilities at 32%, up 1% to a new high. Con-

after opening 1% higher at 78. Oils were steady.

Bonds Mixed on Quiet Market

NEW YORK. April 21.—A mixed trend prevailed in quiet domestic | 4 bond trading today. U. S. Government bonds were irregularly lower, |

Rails continued firm, New York Central 6s of 1944 featuring with 2!» points rise to 127':. Steels were irregular. Losses in the Government group ranged t to 3-32 point.

Metals Steadier

After Reaction

NEW YORK, April 21.—Nonferrous metal markets steadied here today, partly reflecting a belief that yesterday's sharp reactions had improved the technical situation. Export copper sold at 14.075 cents a pound, compared with yesterday's low of 14 cents a pound, while Electrolytic rallied to 14.28 cents. Demand for domestic metal improved. Zinc was steady at yesterday's late decline.

Rains Offset

Cotton Demand

NEW YORK, April futures were steady today, prenotice day selling in May and liquidation of new crops on favorable Western rains and a bearish weekly weather report offsetting demand.

21.—Cotton

Chicago Market Quiet and Mixed

CHICAGO, April 21.—Price movements were mixed in quiet dealings on the Chicago Stock Exchange to-. day. . McGraw Eleciric advanced a point and such issues as Chicago Flexible Shaft, Kellogg Switchboard, Noblitt-Sparks, Rollins Hosiery preferred and Zenith Radio rose fractionally. Bendix, Gardner-Denver and Standard Dredging preferred eased. Central Illinois Public Service preferred rose 3:¢ point, but Central & Southwest Utilities preferred lost a point.

NEW BOND ISSUES

Algenine) Re Assd Tel 45 6 Atl City J B & O 2 Cal oo Fur 45:88 .. v.00 922 Celotex 4 47 Cent ale Pwr 4s 60 Cent Maine Pr 32s 66 Cinti G & E 3'25 66 Dom Canada ig 67 Fla Power 4s 66 . Fla Power 5s 66 Houston Lt & Pwr 3% 25 66. Indpls Water 3Yas 66° Kansas P & L 4! Koppers Co 4s 51 Sas Kresge Foundation 3!2s a Los Angeles Rev 67 Lyisville G i 7 E

Northern State P 3las 67 Ohio: Edison Shs Okla G & E 4s 4 can Okla Gas & E 3 35°66... 077 Otis Steel 4l5s5 62 Pac Lighting 4lss Phila Elec 3!2s 67 Sou Kraft 45s 46 Wise G & E 3'5s 66 Wisc Pub Srv 4s 61

2 EN AC 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

Ask Jo V2

1061

Citz Ind Tel TH 4Yas a: H Tel & Tel. Ft 52 H Tel & Tel PW ae Ind Assoc Tel 4'2s '65.. Indiana Tel Co §s 60 . Indpls Railway Inc 5s "617. Indpls Water Co 3'es "66 : Inetrstate Tel & ! Kokomo Water Works 55 '58...

Muncie Water Works 5s Noblesville H L & P 6s '47.. Ohio Tel Serv 6s 47 . Richmond W W 5s ’57 Seymour Water Co 5s [ H Trac & L 5s "44 T H Water Works os '56 T H Water Works 6s 49... . Trac Term Co 5s '57 snes €TOCKS

Belt Rallroad & St Yds com . Belt Railroad & St Yds pfd.. 58 Cent Ind Pwr pfd Ts Home Tel & Tel Ft Wayne Hook Drug Ind & Mich Elec Co pid Ts. Ind Gas Co com Ind Gen Serv Co 6s Ind Hydro Elec Co 7s 8 Indpls Pwr & Lit Co pfd 68 Indpls Pwr & Lt Co pfd 6's 95 Indpls Water Co pfd 5s 1031, Lincoln Natl Life Ins Co com 26': N Ind Pub Serv Co nid 312s. . N Ind Pub Serv pfd 6 82 N Ind Pub Serv pfd 7s P R Mallory Co com .Progress Laundry Co . Pub Serv Co. of Ind 6s 3 Pub Serv Co of Ind 78 ....... 7 Terre Haute Elec Co 6s 0

49 ...105

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

Silk, 18-15 deniers Jap. (Ib.).... Rubber. spt. smk. rib (Ib.).....

Lead. spot (1b.).......... cvsney

Tin, Straits spot (1b.)

scrap, Chi. (ton)......... Pig Iron. Iron Age Comp. (ton)

Van Camp Milk Co com *Ex-Dividend

Year Ago $ .1080 A134 45 1185 1.681% .16 0915 0460 0490 467% A514 14.50 18.84

bs $ .1265 16% 45 1436 2.04 2254 A5% 106021 Vo 060214 0500 0700 5614 .61 44% 453% 19.75 21.25 23.25 23.25

Today .1285 1674 A435 1397 1.97

Z 2214

14%

(1b.)

ab.) .

sssesscece

€0%.).c000.0

N. Y. Bonds

BOND PRICE INDEXES

19268 Average Equals 20 20 Inds. Rails 92 96.8 91.8 95.4 92.7 27.2 90.8 91.1 86.1 5.3 95.0 101.2 91.6 94.2 .. 94.8 100.4 84.7 86.4 71.0

Yesterday Week ago Month -ago Year ago Two years ago. 1937 hi 1937 1936 1936 1935 1935 low (Copyright.

100 20 util. 102.7 102.6 103.0 104.9 95.9 106.0 101.9 106.2 103.5 103.6 89.3

1937, Standard Statistics Co.) Sidi

U. 8. GQVERNMENT BONDS

Treasury Bonds

97.23 , 97.23

Federal Land Bid July 1935-45 100

Nov. 1958-38 Federal Farm

Mortgage

Bank Bonds Asked Yie ls 001:

1 104% Bonds

h Low 101.27 102.2

748

101.7 99.27 99.17

DOMESTIC BONDS

.. 10254

. 9 36

Aly Sus 3'as

Bkn U Gas o BT = Bu R & P con 4!2s 57. Can Fasdeb 4s perp. Can Pac 5s 54 Cen Pac 5s Ches Corp 5s 47 Ches Corp 5s 44 Chi East’ Ill 55 51 ChMStP&PS5sT75 .. 321. Ch M St P & P 5s 2000. Chi N W 43s 49 21Y, Chi N W 4158 2037..... Sa

Cons Oil 3'2s *5 Crane Co 3'2s 51 Del & H ref 4s 43 Denv Gas 55 51 .. Erie ref 58 67 Erie gen 4s 96 Gen M Ac 3'4s 51 i

Inland Sti 3348 61 Kan C South 5s 30 .... Lautaro N 6s 54ct

Mo Pacific 55 I 81 siete Mo Pacific 55, F 77 .... Mo Pac gen 4s 75 21 Nat D P 3%8 new ions

Seab AL in 6s 45ct ile S Pac 4'2s 69ww .... So P Or 425s A 7 Sou Ry gen 4s 536 Third Av adi 5s 60 Union Pac 3l2s 71 ¢ Util P& L 5%s 47 .... 3 Wabash 55 D 80 Wabash 1st 5s 39 WMarviand 4s 532 Wheel Stl 41-5 66 .... Young 'S & T 4s 61 FOREIGN Arnens 6s B 58 . rgent 4l!>s 71 he EE Brazil 8s 41 Buen A 41a5-4355 ‘mm. Canada 5s 52 el Colombia $s, Jan 81... 15% Cuba 5? . en Denmark Si 62 : 98 Domin 1st 5las 40 79 German 5'2s 65 23%: German 5'2s 65 unst. Gt C EP Japl7s 44.... ¢ Japan 52s 65 Medellin 6'>s 54. Nord Ry 6l2s 50. Norway 4lss 56 Tis Oslo 415s 55. Peru 6s 60 . Queensld 6s Rhine West 6s 52 Rio de Jan 6l:s5 53 Rio Grdo Sul 6s 68 Rumania 7s 59 Sao Paul St 8s 50 Tokyo Elec 65.53

Yokohama 6s 61

INVESTING CO.'S

N. Y. Security Dealers Assn.)

(By Bid. Ask.! 19.21 20.44 Mut Inv 10.98 11.93! New 30.37 32.12|Nat’ Inv 1.39/Ntnw Se

Adm Fds Affi Fd Amerex Am Busi Asso Std Bancam.

12.12 Am Basic fv

BIBI DB WWIINNWDIIDN Dr ad =

nN VOR VDWRIDWINT

DNNTTINRDDNND WII

|e 30.50 Sel 41.00 Trask

3n.16'State St 37. 83 pik

Nw 1% uD Lo

Fidetity 1st Bost Fix Tr A “gy

Fd Inv . Fd Tr A. “B

Gen Inv.

ey — oo; 180-103 DOU;

7.6 1 76! i “Db . 16.92! Tr St Fd 17 11.141Well Mass Inv 23.23 31.011

LOCAL PRODUCE

(The prices quoted are paid for stock gathered in the country, while tor deliveries in Indianapolis the prices are 1 cent Each full case of eggs must weigh

higher. 55 pounds gross.) atx. 1 strictly (fresh,

Heavy breea hens, 5 lbs.

over 20c. Ibs. and over, 18c. stock. 2 lbs. and over l4c. hens, heavy, 12c. Heavy Ducks, up. 6c.

Leghorn broilers,

breed full-feathered and fat. 5 Ib Geese, full-teathered ana fat, 5c.

BONDS

68% 82

Eng

[4

8.87'Am Bd . Ir... 1955

ne Cum’ Sel Inc.

1 A

‘B Fd

loss o

and over, Heavy breed broilers. 1937 stock. 2 Ibs. and

1937 st

Bareback broilers, Leghorn breed cocks, 8c.

Butter—Creamery, No. 1, 35@36c;

32@33c.

CHICAGO PRODUCE

Eggs— Market, unsettled: re cases; fresh graded firsts, 19¢: current receipts. 201sc: storage- -packed firsts, 23c: extras, 23'sc¢: extra firsts, Butter—Market, steady: r tubs; extra firsts (90-91'c s extra (92 score), 30'sc: standards, 30'ic: specials, Poultry—Market, steady; trucks; geese, 138; Sucks 12@ 23 24¢: hens, 15@20c; 16%2c: old roosters, ns

20c: fryers, 23@25c: backs 19@2ic. daisies.

18720 190:

Cheese—Twins, 16@ 16%;

16%c;- longhorns, Potatoes ate; demand, fair; Russet Burbanks, ‘$2. [email protected];

2, 8 35@2 2.45; Wisconsin Round Whites, si. 85 Commercials, $1.75; unclasified,

firsts.

(Old Stock) — Supplies, market, steady: jou

Butterfat—No. 1. 30c; No.

ceipts,

2134¢; checks, > storage- packed 22%ec.

eceipts, corel.

16c:

U.

U.S. & 65@1. 70: Minnesota Cobblers, $2:

nesota Early Ohios, Bliss Triumphs, $2. 20. plies, moderate; demand,

$2.45; (

eight 0 ad Texas Blis

Laan 187;

ments, 675.

on

slow;

track,

North bayece New Stock)—Supmarket, steady (track sales, carlots, per hundreds Triumphs,

68;

29/@2912c, 3033 31'4cC.

receipts, 18 i oA

moder-

60 Bonds 97.2 96.6 91.6 95.6 86.9 100.3 95.9 100.2 93.3 93.1 83.0

Ask.

16.27

22.27

Xf, l3¢c 15¢.

ock. 2 1937

s. and

No. 2. 2, 28c.

33. 066

7855 J934¢C;

16@

ship-

(1100-1300)

HOG AND CATTLE

PRIGES RISE ON SMALL SUPPLY

Porkers Gain 10 Cents Early; Cows and Vealers Up Considerably.

Bv Bureau of Agricultural Economics U. 8. Department of Agriculture Hog prices responded readily today to curtailed supplies. A run of around 5000 head encouraged sellers to try for a substantial upturn and the market was established fairly early at a 10 cent advance, Tap reached $10.35, the highest of the month, and was paid for choice 225 to 250 pound weights.

Sows shared in the 10 cent ad- |

vance, bulking at $9.25 to $9.75, with light kinds of good grade upward to $9.85. Cattle Limited Also A limited showing of cattle locally kept the trading on the firm side. Steers and yearlings were fairly active and fully steady, the bulk moving at $9.25 to $11.50. Heifers ruled steady to strong, mostly at $9 to $9.75. with a park load upward to $10.50.

| Cows were very active and strong, | cenis

sometimes as much as 25 higher. A few choice cows reached $89. Cutter grades brought $4 to $5.50; common and medium grades $5.75 to $6.75 and good grade, $7 to $7.75. Sausage bulls at $6.50 down were steady. : Vealers Steady Vealers found a steady outlet for the most part, but supplies were almost insufficient to meet trade requirements and some later sales were 50 cents up. ‘Shippers paid upward to $11 for ‘some choice kinds cleared from $10 to $10.50, with mediums mostly $8 to $9.50. Choice heavy calves were salable upward to $9.50, but few were on hand eligible above $8.50, . Not enough sheep and lambs arrived to test values and the trade was quotable nominally steady, or upward to around $11.25 for shorn lambs and $13.25 on woolskins.

HOGS Bulk $9.40 10.00

I=

Apri) Receints 13. 7000

Ro——~oo2 UYU NC NSE GY

21. Light Lights— (140-160) Good and Medium Lightweights— (160-180) Good and

Me (180-200) M

Medium Weights— 1200-220) Good 1220-250) Good Heavyweights— (250-290) Good 1290-3500 Good Packing Sows— (270-3501 Good 1340-425) Good 1425-550) Good 1275-5501 Medium Slaughter Pias— (100-140) Good and choice ; Medium - . CATTLE -- Receipts, 1000—

Choice .. Good Medium Common Choice Good Medium Common

choice. -$ 9.00@ 10.15 “8

35a 9.75

choice... 9.75%710.20 . 9.83 9.95

‘choice . 10.157 10.30 [email protected]

10.15@ 10.35 10.15% 10.30

9.600 ¢ 9.40% 9.25@

choice... choice. .

choice .. choice. .

8.50@ 9.¢ 3.250

(550-900)

(900-1100)

Lh Good

WADA DW 1D DNV RI POI EI DDI IND DUD NDOULIWNDD

(1300-1500)

Heifers

Choice Good Common Good and medium. Common. medium

(500-750)

(750-900)

[FINITE ATID an

Good Cee Common and medium Low cutter and cutter Bulls, good Cutter, com Vealers —Receipts, Good and choice Medium Cull and common Calves (250-500) Good and choice $ 6.50@ Common, medium 5.00@ Feeder and Stocker Cattle 0-800) Good and choice § 7.00@ i mmon, medum g00e (800-1030) Good and choice . w Common, medium. 6.00@"7.00

9.50 11.00 8.00641 10.00 5.00 3.00

9.00 9.00 7.00 7.00

Heifers— . Good and choice . Common and medium

SHEEP AND LAMBS —Receipts, 100— Lambs—

Good

$12.00 12.50 11.504 12.00 10.50%: 11.50 9.50 10.50

4.50@ 5.50 3.50@ 4.50 clipped

Common

wes— (90-175) Good and choice . Common, medium {Sheep and lamb quotations on basis.)

Buy United Press CHICAGO. April 21, — Hogs—Recelpts. 13.000, including 5000 directs; market, fully 10c higher; spots vp 15c on weights averagaing 210-lb. down: packing Sows 10c higher; Rus good and choice 200-320 1bs.. $10.15 10.3 top. $10.40; good and choice 150-190 ig largely $9.10a 10.25; bulk good acking sows, [email protected] P ome Receipts, 10,000; calves, 1500: steers and yearlings, steady. moderately active; largely steer run with good grades predominating; common: and medium pre wanted although 50c higher than week ago; not much selling under $10; common, stylish concentrate offerings, $9 9.25; best fed steers, $15; several loads, $13.50 14; long vearlings at price; replacement cattle more active at $7618.50, “according to flesh conditions, weights and breeds; very common stockers, $6. 506.75; she stock, firm, scarce; bulls and vealers, fully steady; weighty sausage bulls, $6.90; few selected vealers, $11, but mostly $1010.50, with lights at 3849. Sheep—Receipts, 2000; early sales, fat lambs. mostly steady, quality considered: probable top, 15¢ or more lower; early bulk wooled offerings. $12.75 12.99; west held around $13; sheep, scarce, steady. FT. WAYNE, April 2 on Maree steady: 225-250 lbs., $10; 250-275 a 200-225 lbs., $9. A 180-200 lbs., $9 300 1bs.. $9.80: 300-350 Ibs.. $9 s.. 39.75. 150- 160 Ibs., $¢ 3 § 3 130- 140 1hs.. $8. 75; 120- 130 Ibs. . 100- 120 lbs... $8.25; roughs, 38.75; $7.75. Calves, $10. Lambs, $12. 25, LAFAYETTE, Avril 21.—Heogs—Market, steady: 225-300 Ibs., $107 10.10; 300-325 lbs., $9.90: 0-225 lbs... [email protected]; 160180 1hs., $9.70: 9.80: 150-160 1bs., $949.25: 130-150 ‘1bs., $8.504/ 8.75. 100-130 1lbs., $7.75 «8.25; roughs, $9.50 down. $10 down. Lambs, $11.50 down. CINCINNATI, April 21.—Hogs—Recei 3350; including 750 direct: holdovers, 300: market uneven. top. $10.40: 300-350 1bs.. $9.75 10; 160-200 lbs.. $10.25: 140-160 lbs. $9.25@ 9.75; 100-140 Ibs., $7@ 8.75: packing sows, $8.50 8.75. Cattle—Receints, 300: calves, 450; market active on light supply; strong to 25c¢ higher on steers, yearlings and she-stock: few good 1256-1b. steers. $12: others. $10@1l: good heifers, $10; good cows, $74 7.50; cutter grades, $3.50 5.50: medium bulls, [email protected]; vealers. steady: good to choice, $9. 50@ 10.50. Sheep —Receipts, 50; market steady on meager supply, mainly springers: good to choice wooled “lambs. [email protected]; shorn lambs quoted to $10.50 and above: clipped slaughter ewes, $2m 4; small lots spring lambs from $14 down.

NEW INGOT RECORD SET NEW YORK, April 21.—Steel ingot production this week rose to an alltime record level, Iron Age reported today, as operations reached a new peak of 2 per cent of capacity.

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. LIVERPOOL GAIN

PULLS CHICAGO WHEAT PRICE UP

+ Winnipeg and Buenos fires h

“Also Show Bullis Tendencies.

By United Press CHICAGO, April 21. —A sharp ad=« vance in the price of wheat at Liverpool and a relatively stronger market at Winnipeg pulled prices higher today on the Chicago Board of Trade. Strong offerings through commis-

. sion houses erased portions of the

early gains, but quotations remained one-half to three-quarters cent higher. Liverpool went higher on reports of a brisk trade in Australian care gocs and a good increase in the Argentine market. The bullish tone : struck a responsive cord here. Corn prices maintained early gains of more than a cent,

CHICAGO GRAIN

NOON RANGE

1.05%

ARGENTINE GRAIN {By United Press) RUBNOS AIRES, April 21 Grain fures opened firm 4 --May., §1.231>, zc.’ July. $1.22): lac. Corn --May, » Up ac; July, 5333 p 2ac.’ Oats—e : 30%,c, unchanged, Flax—May, $1.34'2, up 3sc; July. $1.35, up Vac. :

LIVERPOOL WHEAT 3 Prev, Close 51.3873 1.373 1.29%

Close $1.437% 1.4034 1.3133

Low $1.39

1.37%

1.304

WINNIPEG GRAIN

Ma Y Wheat

—_— WAGON WHEAT grain elevators are paving $1.30 for No. red wheat. other grades on their merits.- Cash corn new No. 3 yellow. $1.22, Oats, 49¢ 6. Hav-—No 1 timothy. $154115.350.

MONEY MARKET

FOREIGN EXCHANGE By United Press NEW YORK, April] 21.—The French franc broke to the lowest, level since the currency! was de= valued Sept. 26 in. early foreign exchange trading today. The pound sterling climbed to another new high for the year.

City 1

Latest - | Cable Rates| England (pound) . 4.93 | Eng. (60-da. bill rate) 4.92'; | Canada (dollar) 1. France (franc) Italy (lira) : Belgium (belga) Germany (mark) Germany (tr. mark) Switzerland (franc).. Holland (guilder) Spain (peseta) Sweden (krona) 2 Norway (krone) Denmark ‘krone, Australia (pound) Austria (shilling) Czechoslovakia (kor.) Pinland 'markka) Greece f(drachma. Jugoslavia (dinar)... New Zealand lb.) Poland (zloty) Portugal (oscudo).

Net Chang» “00 13-168

wu | a 21

‘0001 00001 1.00% —.0000%

= | Chile

i

| Pub. Debt .34.827.379.077.53

| |

| |

|

| Cash Bal

Rumania (leu) | Argentina (off] peso) (peso . . { Peru (sol) { Uruguay (peso) : | Mexico (silver paso. | Hongkong idoilari | Shanghai fvuan) India (rupee) Japan (ven) Argentina (nnof. pezn) Brazil (off. milreis) 08801; Brazil (unoff. milreis) .0840

£.0003

NEW YORK. April 21.—Money rates were unchanged today: Banker's Acceptances 30 davs. and 90 days. 3z479-167.: davs, 3441337,; 150 and 180 davs. 7a@ Commercial Paper—Prime names, 17. Time Moneyv—60 and 90 days, 1'47,; 150 and 180 days, 11,7, Rediscount rate at New York 1127s TREASURY STATEMENT {By United Press) WASHINGTON, April 21.—Government expenses and receints for the current fiseal vear through April 19, compared with a vear ago: This Vous : Last Expenses ..$6.036.212, 456. 91 535.750.539.223 Receints .. 3.983.985 2 3. 71 Deficit 497 826. 85 0. 58 2.589642 NAR 33 31. 444 018,642.13 722.825,206:02 10.206 421,800.65 381.422.412.27 31 411,204.85 Taday's Pur. Total Pur. $10.117.018.91 sy 363. 235.47 CLEARING HOUSE STATEMENT Clearings .......................$2.021.000 Debits : . 8 193.000

a

BOOMS NEW YORK, April 21.—Crude nil production rose sharply this week to

1.690. 443. 486.75

Gold Res...11, Customs ...

Inactive Gold

OIL. PRODU CTION

{a record daily average of 2.463.350

ja%s | American Petroleum a

barrels. of the

Institute

the weekly survey

showed today.

BUSINESS AT A GLANCE

; ~—April 21— CORPORATION NEWS Baldwin Rubber Co., first quarter net profit, $176,050, equal to 63 cents a share vs. $121,086 or 43 cents year ago. Commercial Credit Co. first ~ quarter profit $3,313,295 before minority interest vs. $2,181,919 year ago. After providing for minority interest balance equals $1.72 a common share vs. $1.64 year ago. Eaton Manufaeturing Co. and iaries, first quarter net profit, equal to $1.20 a share vs. $583,382 or 81 cents year ago. Household Finance Corp. and subsidiaries first quarter net income $1,532,367, equal to $1.87 a common share vs. $1,314,435 or $1.76 a share on combined class “A” and common; 12 months $5,186,217 vs. $1,183,802 previous 12 months,

subsid-

International Paper Co. and subsidiaries, 1936 net profit. $5,159,696, equal fo $5.37 a 7 per cent cumulative preferred ‘share vs, net loss $2,840,808 in 1935. Julius Kayser & Co. and affiliated companies first quarter net equal to 43 cents a common share vs, $80,082 or 18 cents year ago: 9 months indicated net $658,658 or $1.56 a common share vs. $501,591 or $1.18 a year ago. Koppers Co. and subsidiaries, 1936 income $3,065,630 vs, $1,588,132 in 1935. National Biscuit Co. first cuarter net profit $2.538,757, equal to 33 cents a common share vs. $2,917,123 or 39 cents year ago. Public Service Corp. of New Jersey, 12 months ended March 31, consolidated net

COMMODITIES

Orders Executed in Futures in all Commodity Markets

PRIVATE WIRES

W.L. LYONS & GO.

Estab. 1878

net

$836,319. |

| |

income 181,305, |

income, $24,938,589, equal to $2.74 a com mon share vs. $23,220,608 or $2.13 in pre= ceding 12 months. : Standard Silver Lead Mining Co., 1928 net profit, $81.436, equal to 4 cents a share vs. $25,352 or 1 cent in 1935. Vadsco Sales Corp. and subsidiaries. cluding Vadsco Realty Corp., 1936 net Proe. fit, $13,238, first profit report sinee 1229, vs. net loss $79.854 in 1935. " DIVIDENDS C. M. Hall Lamp Co., 10 cents, May 5 record April 30. ‘Lessing's Inc. 5 cents on common, able June 10 record June 3 vs. ment on March 10. National Biscuit Co., 10 cents on common, record June 17. .

SAFE DEPOSIT ‘BOXES

Reasonable Rental

Security Trust Co.. 130 E. Washington

eX» |

pavabnle ro paye like pays

regular quarterly payable July 18

A

»

1.39% oF 67 1.184 HRY S63 S14 1475 A142

4.60 4.28 , 2,35 2.25 / 60.00 60.00 52.50 52.50 090 L090 1.27 1.27

3.65 2.35 50.00 38.00 097 1.18 lard. steel ConnelsAll others.)

Corn.- No. 2 vellow (bu.)....... Rye, No. 2 (bu.) Oats. No. 2 white (bu.) Flour. sprz. pat. (196-1b. sack) 8. Lard. prime steam spt. (ib.)... Coffee. Rio %s spt. (1b.) Sugar. raw. 96 test (Ib.) Butter, 92 score (lb.) Hogs. avg, most sales (Ib.)..... Steers, fz. most sales (Ib.)....

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: Grains, livestock,

serap and hides. Boston: Wool. E. St. Louis: Zine, ville: Coke. Tulsa: Crude oil. New York:

FYPEWRITTEN LETTER: AUTOMATICALLY (YPEC JDDRESSING & MA'LING MU ..T GRAPHING STENGi. S GUI MIMEOGRAPHING RU.ED FORMS

Balt & O of... Bainsdal FOOD PRICES Barnsdall CHICAGO, Apr, 2] 21.—Apples—New York McIntosh, $2.256 Sweet Potatoes— Louisiana Puerto Eons, $2.60. Carrots— linois, bu., 65@90c. Spinach—Texas, bu., $1. Tomatoes—Florida. lugs, $2. 2541 Cauliflower—California, crates, $1.50 .65. Peas—Mexican, hampe Bin os 25 AP i 10-inch crates, $1. Onions—-Illingis, Indiana and Michigan ellows, 50-.9b, sacks, 65@87%zc.

MEMBERS:

New York Stock Exchange, New York Curb. Chicaro Stock Exchange Chicago BRoard of Trade. Cincinnati Stock Exchange

40 N. Penn. St. LI1-6563 Russell McDermott, Mgr.

BEMIS LETTER SERVICE =i

303-307 Merchants Bank Bldg. Li 6122

1 HORRIS

5