Indianapolis Times, Indianapolis, Marion County, 22 April 1937 — Page 26

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PAGE 26

COMPLETE N. Y. EXCHANGE STOCKS

THE INDIANAPOLIS TIMES

The Times Financial and Market Page

THURSDAY, APRIL 22, 1937

COMPLETE LOCAL LIVESTOCK

STOCKS DRIFTING IN LIGHTEST VOLU

TREND IRREGULAR

Bu Pont and Deere & Co. Erase Recent Big Advances

By United Press NEW YORK, April The stock market drifted irregularly in light trading

today. Stock trading was around the lightest level of the year and no trend was established. U. S. Steel dropped off to a fractional loss, while Bethlehem was fractionally higher. Chrysler came back slightly from more than a point less and General Motors showed a fractional decline. Du Pont, which gained 5 points yesterday, dropped 57 points tc 139. The recently strong farm equipment issues reacted, Deere & Co. leading with a 41% loss at 131%.. " American Telephone firmed to % gain at 1697s, but the remainder of the utilities were mixed. Metals were irregular as American Smelting dropped 1% to 90.

FIRST HOUR

The market opened firm and fairlv active and then turned extremely dull as prices drifted irregularly lower. Chrysler, after opening with a fractional gain drifted to 120%: for 7: loss. General Motors was 1: lower at 607i. U. S. Steel slipped to 1151, for 3 loss, but Bethlehem Steel maintained a small gain. Metals were irregular as American Smelting dropped more than a point, while Atchison brought nervousness to rails with a frational loss. Utilities were fairly steady. Volume approximated 340,000 shares compared with 300,000 in the first hour yesterday. Dow-Jones averages: Industrial 183.39, off .21 ‘railroad 61.55, up .02; up .01.

SECOND HOUR

. The. nervous _ irregularity continued in dull trading. Du Pont dropped to 159’: for 514 loss, erasing all yesterday's gain. Bethlehem gained 1: at 4414, Chrysler broke to 120!: for 1% loss. General Motors continued to show 1: loss at 603%. Goodyear was fairly active, Reading 4414 for 1lsgain. Volume approximated 220,000 shares, compared with 220,000 in the second hour yesterday. Dow-Jones averages: Industrial, 183.16, off .044; railroad, 61.56, up .03; utility, 31.10, off .04.

THIRD HOUR

Du Pont -~ontinued weak, dropping to 159 for 5% loss. Farm equipments also eased off as Deere & Co., broke to 131!. for 4'2 loss. International Harvester was 2 points low- | er at 1063. American Smelting drifted under 90 for more than a| point loss. Leaders remained about steady, U. S. Steel, Chrysler and General Motors all showing losses. Rails were soft. Volume approximated shares, compared with 200,000 in the third hour yesterday. DowJones averages: Industrial. off .83; railroad, 61.48, off .05; util- | ity, 31.05, off .09.

DOW-JONES STOCK AVERAGES | 30 INDUSTRIALS Yesterday Week ago Month ago Year ago High, 1937, High, 1936,

151.08 194.40: low, 177.52 181.90: low, 143.11, 20 RAILROADS Yesterday

Month ago Year ago High, 1937, Hizh, 1936,

64.46: low, 53.15. 59.89: low, 40.66. 20 UTILITIES Yesterday

i, Week ago

Month ago ........ Seve ‘ Year ago High, 193%, High, 1936,

37.54; low, 30.98. 36.08; low, 28.63. “0 STOCKS Yesterday Week ago Month ago Year ago High, 1937, High, 1936,

69.6%; low, 63.43. 66.38; low, 51.20.

' Net « . High. Low. Close. Change.

Acme Steel Adams Exp .... Adams-Mil ..... Addressograph 38

83 83 19Ys 19V 26%

20 LI PEP ADD DD

CRTC FRE

Atlas Corp ... Avn Corp ......

Bald Loco .... Bald Loco as..

2 Barnsdall Beld Hem Bendix avn ‘e Be gg Loan.. ] eth 5 eel Beth st 7 nt.

3cering Air Jong 4 1

lel +00

Briggs Mig .... Eva 0 Ee . U Gas ..

Bhi SE .e

BE us ie i

1114144

Lsvee

VE viility 31.15, | Erie

160,000 |

High. Bdgpt Brass Ris > i Burroughs Bush - Term Butler Bros Butler Bros | Butte Cop

"18% 32%, 6's

| Call Zine Calumet & H .. { Canada Dry Can Pacific Cannon Mills .. i Carriers | Case @elan bo | Cent. Foundry Ches Corp. Ches & Oo Ches & { Chic E Chi

Childs Chrysler ‘Clark Ea Cleve Graph Br 447 Coca-Cola _. 438 63 Colgate P-P -... Col & Aik =... Colum Gas Col Pictures ... Col Pict pf

Comw & So ... Comw & So pf.. © Conde Nast .... Cons Edison Cons Oil Cons Coal vte .. Container | Cont < Cont Cont Cont Cont Cont Gorn

& S Cr cas cmpixw Crown Zeller Crucible St ..... 3 Cub Am Sug ... Curtis Pub Curtiss Wr Curt Wr A

Cr Zel pf 5B. ‘1010

i Deere & go, . -138 ve 50

Doehler D Cast 423 Dome Mines ¥ Dom - Strs Douglas Air Du Pont Dia T Mot O..

East Kodak Eaton- Mfg Elec Auto-L ... Elec Boat Elec P & L El P&L $7 El Paso N

‘pf. Gas.

Erie | Erie

Fair

Firestone T Follanshee

Francisco Sug ‘c Freept-Sulphur.

Gar Wood Ind. Bak

Gillette s R Gimbel Bros Glidden .. ‘rie | Gobel, Adolf ... | Goebel Brew | Goodrich | Goodyear he Goodyr pf .... Graham-P oh Gt North pf .. 54% Gt Nor Ore ... 25 Greyhound Corp 15% ranby Rts ... 1-32 Guant Sug 32

537% 24%, 15 1- 32

Ham Wat Harb-Walk Hayes Bdy .. Hecker Prod | Hon Sug Foie Houd-Her B | Houston Oil | Howe Sound

| fudson Mot .. Hupp Mot ..

182.7%. |

m Ind 4678 | Toercel R ....130 | Insp Cop 255% Inter Rub | Inter Iron Int, Int Int, Int, Int Int Int P & Int

Central Ra

Kelsey-Hayes A. Kennecott . Roysio; stone StI

Rroncy ss Kroger G

Lee Rub Leh Val RR

Toy “Star Cem. Long Bell; A Lorillard Lou G & E | dn sa’

| McGraw Bl ....

| Mac

| Man Shirt ... | Marine Mid .... { Marshall ‘Fld { Mead Corp

Minn-Moline ... Mission Corp .. Mo-K Tex pf... Monsanto 91 Mont Ward .... 2 Mother Lode ... Motor Prod .... Murphy rts ....

Nash-Kelv ... , Biscuit C Reg , Dairy Dept St.... 2 Distillers...

Lead |." ... , Mal & Stl C P& Lt....

ral 51 NYC & St > pt. 93v4 93% N YI 1 1v.

57 15-32 33 50% Nh

Net Low. Last. Change. 9-16"...

0 Le NON ®

a “OTN BN AY

bt GB AON M AN DAE 0

| So Cal

MARKETS AT A "GLANCE

Stocks irregular in dull trading. Bonds lower. Curb stocks irregular; heavy in- / dustrials higher. Chicago stocks irregularly lower. Call money 1 per cent. Foreign exchange higher; pound at new high. Cotton 7 to 9 points lower. Grains irregularly higher. Rubber 38 to 53 points higher. Silver bars in London off 3-16 at 205-16 pence a fine ounce.

3s Re — afr

22% 1% 20 =-39 2034 20% 117915 1791; JE a 31% 485s 27, 0!

Owens Ill G

Pac G & El ... Pacific Ltg .... Pac West Oil .. Packard Paramt Pict ... Para Pic 2 PL Park Utah .... Pathe Film Patino Mines ..

Phelps Dodg . Pfeiffr Brw Ris Phillips Pet .... 58 Pitts Coal 14 Pitts Sc & B... Plymouth Oil .. Press Stl Car... Press Stl 29 pL: 7 Proctor & G 6 Public Serv Pure Oil Purity Bak ....

Quaker St Oil..

Safeway St Jos Lead 57 Schenley Dist pf Hi Seab Air 13 Seab A L Le -¥ Seab'd Oil Sears Roe Servel Inc Sharp & D .... Shell Un pf ... Sliver “Ring bide Sim Skelley il + Skelly pf ww 100% Smith Cor-T 34 Snider Pkg .i. 233s Socony Vacuum 20% So Am Gold .. 43 So Por R Sug. 385s” Ed South Pac South Ry So Ry pf Sparks With Sperry Corp Spicer Mfg ... Spiegel Inc .... Square D-B St Brands Stan Stan Stan Stan Sterl Stew Wa Stokely Br vn Stone & Web Studebaker Sun Oil Superior O .... Superior St Swift & Co .... Syming-Gould Syming-G xw

Talcott J ...... Telautograph Tenn Corp Texas Corp Tex G Sul

Timken R B.... Transamerica . Trans & W Air. Tri-Cont . 20th Cent-Fox. 20th Cnt-Fox pf © Twin Coach Co. 223g

Ulen & Co Und. E Fish.... Union Carb Un Oil Cal

Aircraft’ Co. Air Lines. Un Biscuit .. United Corp ... United Cp pf.. United Drug ...

Univ Leaf T....

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

Wabash : Wabash pf A... Waldor{ Sys ... Walker (H) walworth Ward Bak B ... Warren Br ve Wes. Oil & S .. West Pac pf.. West Union West A Bke .... Westing El . 1

a CR CR A

NK ®

Woolworth .... Worthing pf B Yellow Tr 32 Young Sheet .. 9412 AE, A

Chicago Stocks

Last 11's 19%

Zenith Rad .... 373% 373%

Advance Alum .... Backstay-Welt . Barlow & Slg A Bliss & Laugh.. Eutler BR Poi Cent & S W Chgo Flex Shavi Cities Service als Cor iv

Marshall Field Mickel Food Mid West Corp Noblitt-Sparks Prima & Co

24 Ws

1 47,

134 134

FEDERAL BONDS LOSE FRACTIONS

IN EARLY TRADE

Railroad Issues Lead Whole Market Irregularly Lower.

By United Press NEW YORK, April 22—-U. S. Government bonds . weakened in early trading teday to losses of 3-32 to 17-32 point. Railroad funds led the domestic section irregularly lower. J Long-term Treasury bonds and guaranteed issues featured. losses in

Government funds. Treasury 23s of 1951-54 were down 17-32 to 99 2-32, and the 2%s of 1956-59 sold off 12-32 to 99. Home Owners Loan 2%s of 1949 lost 15-32 ta 99 8-32. Lower-grade rails reacted after opening steadiness. Wabash 1st 5s were off 1's points to 95's, Alleghany 5s of 1949 eased to 90,

and Southern Pacific 42s of 1968 |

lost 31 to 91%

Steels were higher, Republic Steel, | 2,

Wickwire Spencer and Walworth Bonds all holding opening gains. International Tel. & Tel.

in utilities.

Curb Trading Dull

And Irregular

NEW YORK, April stocks moved irregularly trading today. Wayne Pump advanced 2'4 points to a new high of 46'2, but later eased to 45':.- Chicago Flexible Shaft rose 1: to 69! and Jones & Laughlin Steel gained %i to 1173%.

22. — Curb in dull

. | American Manufacturing and Brown | Co. preferred gained ‘a point and

more. 145. Lake Shore Mining sold a point higher at 51%, but Hudson Bay dipped 2 to 31%. Utilities were narrowly mixed,

Pepperell Jagged 5 points to

Liquidation Eases Cotton Prices

By United Press

NEW YORK, April 22.—Southern selling and commission house liquidation brought an easier tone into futures today. Around noon the list was 7 to 9 points net lower.

Chicago Stocks Higher; Industrials Lead

By United Press CHICAGO, April 22.—Selected industrial shares led stocks irregularly higher in quiet trading on the Chicago Stock Exchange today. Such issues as South Bend Lathe, Noblitt-Sparks, National Standard, and Associate Investment rose a point and more each, while Butler Bros., Electric Household Utilities, Jefferson Electric firmed fractionally. Signode Steel Strap rose 2'% points to 40 and Borg Warner new sold at 41, up ': point. Walgreen, Lion Oil and Central Illinois Public Service preferred eased fractionally.

Commodities Rise As Trade Lags

NEW YORK. April 22.—Major commodity: markets worked higher today, but trading fell off in most staples and changes were narrower than in recent -sessions.

INVESTING CO.’S

(By the N. Y. Security Dealers Assn.)

Ad Fds . Affil Fd Amerex . Am Bus. Am Gen Be Sirs.

Bra. st i Bull Fd

ost * Inc. Hr cum. ..!Sel Inc

[Sta Util 3 State St 120. ‘s 33) Sup Cp A PE 2.28 B. 4.

Dep Bk. Div iF =

Jiv Dos Mdelity . 1st’ Bost Fix Tr A

B . Fnd Tr. Fnd Inv Tr A *'B

Go Inv. Ine Inv Inv Fd C Kystone

M Mass Inv 29.54

CHICAGO PRODUCE

Eggs—Market, firmer: receipts, 20.380 fresh graded firsts, 22¢; dirties, current receipts, 20%c; checks. storage-packed firsts, 23l2c; storaze packed extras, 233ic, extra firsts, 22%;

Hatter— Market, firmer: receipts, 10.954 tubs: extra firsts (90-91'> score). J30@ 30%c: extras (92 score), 30%c; firsts, 29% asic; standards, 30'2c; specials, Na 31V Positry — Market, steady: receipts, 3T trucks; geese, 13c¢; ducks, 12@16¢; broilers, 23@24¢: hens, 15@20c: Leghorn hens, 10@ 16%2c: old roosters, 12@13%ac: turkeys, 15@ 20c; fryers, 23@25c; barebacks, 22c; spring chickens, 24@26c¢. Cheese—Twins, 13'2@15%c; daisies, 16@ 16%Yc; longhorns, 1616 Vac. Potatoes (old stock) —Supplies; moderate; demana. good to slow; markei, steady: Idaho Russet Burbanks, [email protected]; U. S. No. 2, $2. S. Commercials, $1.70@ 1.75; unclassified, $1.65; Minnesota Russet Rurals, $1.80. New Stock—sSupplies, moderate: demand, fair; market. steady. (Track sales, carlots per F endredweieht sacks.). Texas Bliss Triumphs, [email protected]; U. S.-No. 2, [email protected]. Arrivals, 82; on track, 185; 17.

CN pT PPO 1-1

B 6 5.40 Spervised 15.14 26.39/Tr Ind. . 1.56 ‘7.13|Tr St C. 1.19 i’ 3.13 7.76] Tr St’ A 3.03 = 17 10 usLarA 13. 20 3% B

- y - ow BOOB IRn RO oh ~T~) oe 2 ©} :

ii 109 3 34) well ‘Fd 20; 43 2 45

shipments,

Week ago ...

Commodity— Wheat, No. 2 red (bu.)cecer.... Corn. No. 2 yellow (bu.)....... . Rye, No. 2 (bu.) Oats. No. 2 white (bu.) Flour, sprg. pat. (196-1b. sack).. Lard. prime steam spt. (Ib.).... Coffee, Rio 7s spt. (1b.)...ccoene Sugar. raw. 96 test (Ib.)........ Butter. 92 score (lb.).... Hogs. ave. most sales (1b.).,... Steers, avg. most sales (Ib). eee

ssessse

PRICE INDEX

DAILY PRICE INDEX

NEW YORK, April 22.—Dun & Bradstreet’s weighted price index of 30 basic commodities, piled for the United Press (1930-1932 average 100):

Yesterday ........ 151.81 | Year ago : .... 152.87 | 1937 high (Apr. 5). + ‘Month ago ...... 154.18 | 1937 low (Jan. 29).

Following are the pric>s used in compiling daily price index:

Today $1.38'% 1.38% 1.18% S57 8.475 1135 0350 31% J020 +0610

AND COMMODITY QUOTATIONS

Commodity— daily com-

158.26 141.47

Copper. electrolytie

Year Azo $1.0335 67 S53. a1 6.800 1095 N64 6375 20% 1055

Week Ago $1.38%% 1.303% 1.20% 55% 8.525 1158 09 0345 «33 1000 «0585

Silver, eomml. Steel, scrap. Chi.

Coke.

Lambs, avg. most sales (1b.).... Hides, native hvy. steers (lb.).. Wool, fine unwash, embgs. (1b.). Cotton. Mid-Upland (Ib.)... Silk, 13-15 deniers Jap. (1b.).... Rubber. spt. smk. rib (Ib.)..... Lead, spot (ib.)........ sessesss Zine, spot (1b.)....... Tin, Straits spot (1b) ......... bars (0z.).......

Pig Iron, Iron Age Comp. (ton). 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:

SrkD and hides. Boston: Wool. Tulsa; Crude ai. New York: a

Year Ago $ .1105 Ja134 2 1188 1.66 .16 0914 0460 0490 46% CJA5% 14.50 18.84 3.65 2.35 50.00 38.00 090 097 1.27 1.18

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

Week Ago $ 1235 16% A435 | 1413 2.03

S238 A5% 060213 0500 59% 45312 21.25 23.25 4.60

0 ax

~~)

60.00 52.50

Today S$ .1280 16% 45 1406 1.97% .23 3-16 REL 060245 06624 a8 RED

(Ib.).

and I.! R. T. issues featured irregular losses:

Connels-

N.Y. Bonds

BOND PRICE INDEXES

(1926 Average Equals 100) 20 20 20 Inds. Rails Util. 92.3 96.5 102.7 92.1 96.0 102.7 92.3 96.5 102.7 90.9 91.4 1049 86.4 5.9 96.2 95.0 101.2 106.0 91.6 94.2 101.9 94.8 100.4 106.2 90.0 84.7 103.5 91.4 86.4 103.6 93.4 83.6 “L0 89.3 83.0 1937, Standard Statistics Co.)

60 Bonds 9%. 96. 9 93.2 95.7 86.2 100.5 95.9 100.2 93.3

Yesterday ..... Week ago ..... Month ago .... Year ago Two years ago. 1937 high ..... 1937 low ...... 1936 high ..... 1936 low ...... 1935 high ..... 1935 low (Copyright,

U. S. GOVERNMENT BONDS High Low Last 1947-52 . 10 114.10

17.28 105.20

Federal “Land Bank Bonds Bid Asked Yield . 10033 -2.9

195%7:37 5.13% 1958-38. y 1959-3 +.c0a 1 10 Nov. - 10434 Federal Farm Mortgage Bonds High Low Last 101.12 101.12 101.12 Home Owners Loan Bonds 100.26 99.8 99.2

100.26 29.8 99.2

High Am & For P 5s 2030 .. Am TT 4's 39 105 Arm Co Del 4s 55

Beth Stl 4'ss 60 Beth Stl 334s 66 Bkn U Gas 5s 50 Na Ry 4'as 51 .... Pac deb 4s Dery. Pac 5s 54

! Can { Can Can Cen 728 Cent Ga RysS 5s C 59. Certn-td 5's 48 Ches Corp 5s 47 Ches Corp 5s 44 Chi Gt Wes 4s 59 Ch M $: {P&P 3s 75...

Chi N

Chi 5 5 Chi R I ref 4s 34 ct.... Chi Un Sta 334s 63....104 Chi W Ind cn 4s 52.... Col Ry P & L 4s 65 Cons Oil 3!5s 51 Con Consu Pw 334s 6 Day P & L 3'%9 60.... Del & H ref 4s 43.... Erie ref 5s 67 83 Ere Flor E Gen M Ac 3las 51 Gt G Bay & W debet B.... Hud Man adj 5s 57.... III Cen 4s 53

ac ! Mo Pac gen = ‘2s’ Monanga 45 60 ... Nat D P 3%s 51 w Net Steet 4s 65 NY Cent cv 6s 44 co Y Cen ref 5s 2013 ...

Postal T&C 5s 53 Rep Stl 4'2s 56 .. R Steel C 8 50 St LSF 4s A 50 St P KCSL 42s 41 .... Sea Air Lin 6s 45

'Fexas Cor 3's 51 .... Third Ave ret 4s 60 .... 66 Un Pac 1st 4s 47 U S Rubber 5s 47 UP & L 5s 59ww Wabash 1st 5s 39 West Pacif 5s 46 West Union 5s 60 ... Young S & T 4s 61 .. 108 FOREIGN BONDS lsArgent 6s A 57.. .101 101 5-16 Argent 4's 71... i 975 97 Australia 4'5s 56 Belgium 5s 60...

101

101 109% 41 100s 106!

Copenhagen 5s 52 Cuba 5las 45. .... Czechoslov 8s 51. Denmark 4'>s 62. German 5!5s 65 Ger Ag B 6s Oct 60. Ital Pu Util 7s 52

Poland 6s 40.. Rhine M Dan 7s 50 ... Rio de Jan 8s 46 Rio Grdo Sul 6s 68 .... 2 Rome 6l2s 52 . Soa Pau V 62s 57 Silesian Bk 6s 47 Uurguay 6s 60

NEW BOND ISSUES

(By W. L. Lyons & Ca)

Argentine Rep 4s 72 ? Assd Tel 4s ‘ees 102 Atl City 3'as 64 ............ .. 963% 967% B & O 4's '39 4 : Calif Oro Pwr 4s ‘66 . Celotex 41s 47 . Cent Maine Swe 4s 60 Cent Maine Pwr 3lus ’66 Cinti G & B 3las 56 . Dom Canada 3s '67 Fla Power 4s '66 .. Fla Power 5s '66 .. ar Houston Lt & Pwr 3lzs 66... Indpls Water 3'2s ’66 Kansas P & L i 65 ‘Koppers Ca 4s '51 Kresge Foundation ‘3s 47... Los Angeles Rev 3s’ Louisville G & E 3'5s '66 Metro Ed 4s 65 .. Narra Elec 32s ’66 N ¥Y City 3s '77 N Y State Elec Gas 4s 35. Northern State P 32s ’67.

& E Inc 33:68... Otis Steel 412s '62 he

2s '67 Sou Kraft 42s ’46 Wisc G & E 3'as 8 Wisc Pub Svc 4s °

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The following quotations do not represent actual bids or offerings. but mereiy indicate the approximate market level.

Ask “103% 105 106% 106%; 00

Bid Citz Ind Tel (TH) 4Vs ’61....101}2 H Tel & Tel Ft W 5%s ’55....103%2 H Tel & Tel Ft W 6s '43......104% ales Ya Indpls Railway Inc 5s '67.. Indpls Water Co 3s Inetrstate Tel & Kokomo Water Works

Noblesville H L & 3 6128 '47.. Ohio Tel Serv 6s * Richmond W W 5s sq Seymour Wajer 5% 5s “49 T H Trac & L 5 T H Water Works ft "56. T H Water Works 6s '49..... Trae Term Co 5s’ . Kipner Packing Co 4s 49... £TOCKS

Belt Rallroad & St Yds com.. 5 Belt Railroad & Se Yds pid.. Cent Ind Pwr pf 7 Home Tel & Tel Ft Wayne Hook Dru Ind & Mien

Indpls Pwr & Lt Co id 5 155 95 Indpls Water Co Df 5s -103%2 Lincoln Natl Life Ins Co com 26% N Ind Pub Serv Co Blas 5%s. - 512 N Ind Pub Serv pfd 6s ... . 82 N Ind Pub Serv pfd Ts P R Mallory Co com . Progress Laundry Co.. Pub Serv Co. of Ind 6s .

pfd Van Camp Milk co com. *Ex-Dividend.

| Buy and

1 ket

415 Lemcke Bldg.

PREMIUM HOGS BRING $10.40 IN ACTIVE TRADING

Cattle Trade “Steady From $11.25 Down; Vealers Strong.

By Bureau of Agricultural Economics U. S. Department of Agriculture Hogs sold generally steady today in an active trade. Increased supplies were attracted by yesterday's 10-cent advance. Some selling interests refused to follow the early steady market, trying for another advance, but the

{ market finally developed on an un-

changed level throughout. There were, however, a few premium sales, which boosted the top to $10.40 for strictly choice 236-pound weights. This marked a new high figure ior April. Sows, with a top of $9.85, and bulk of $9.25 to $9.75, were unchanged. Receipts were estimated at 7000 head. Cattle Trade Active

Active buying continued to be the feature of the cattle market. Medium grade steers and yearlings comprised the bulk of supplies and sales looked fully seady. to $11.25 included bulk sales.

Heifers attracted good buying at |

firm levels. Most of the supply turned at $9 to $10, with a few upward to $1050. There were instances of further strength in the market for cows, especially on cutter grades which moved at $4.25 to $5.50. Comon and medium beef cows brought $5.75 to $6.75 and good

offerngs made $7 to $7.75. Weighty |

sausage bulls topped at $6.75. Receipts were estimated at 900 head.

Vealer Prices Sirong

Shippers and local Killers bought actively of today’s vealer supply at prices strong with the high time Wednesday, or 50 cents above early sales that day. Good and choice vealers cleared at $10.50 to $11, with medium mostly $8.50 to 9.50. A few heavy calves sold upward to $9. Earlier week's losses at nearby centers extended to local lamb values today. 6 Receipts were again largely clipped lambs, a. double deck of 94-pound averages considered 25 cents lower at $11.25. Small lots of common Wwoolskins cleared at $9 9.50. Slaughter ewes were quotable at $5.50 down. a few shorn offerings going from $2.50 to $3.50.

HOGS Bulk $9.40 10.00 9.55@ 10.15 10:[email protected] 9.95@ 10.15 [email protected] 10.00@ 10.25 [email protected] 22. 10.106 10.35 Light Lights— (140-160) Good and

Medium Lightweights— (160-180) Good -and

Medium (180-200) g

Medium Weights— (200-220) Good and (220-250) Good and Heavyweights— (250-290) Good and (290-350) Good and Packing Sows— (270-350) Good (340-425) Good 1425-550) Good (275-550) Medium Slaughter Pigs— (160-140) Good and choice: « Medium ........, CATTLE —Receipts, 900— [email protected]

[email protected] 8.254 9.75

choice. .$ 9.00@10. 15 35@ 9.75

[email protected] 9.85@ 9.95 [email protected] [email protected]

[email protected] 10.15@ 10.40

[email protected] 10.156 10.30

9.60@ 9.85 9.40@ 9.6 9.25@ 9.50, 8.50@ 9.60

8.25@ 9.25 7.25@ 9.00

choice. .

choice. . choice. .

(550-900) (900-1100}

(1100-1300)

(1300-1500)

(500-750)

Common Good and medium.

(750-900) Common, medium.

Choice Good -- Common’ and medium Low cutter and cutter Bulls. good Cutter, com Vealers —Receipts, 700— Sod snd choice Med Cull’ a common

[email protected] 8.00@:10.00 5.00@ 8.00

Calves (250-500) Good and choice..$ 6.50@ 9.00 Common, medium. 5.00@ 6.50 Feeder and Stocker Cattle (500-800) Good and choice .§ 7.00@ 9.00 Common, medium. 6.00@ (800-1050) Food and choice. 6.50 @ Common, medium. 6.00@ 7.0 Heifers— Good and choice Common and medium .. SHEEP AND LAMBS —Receipts, 400— Tambs—

8.00@ 8.75

Ewes— ‘ (90-175) Good and choice.. 4.50@ 5.50 Common, medium. 3.50@ 4.50 b (Sheep and lamb quotations on clipped asis.)

CINCINNATI, April 22.-—-Hogs—Receipts, 3050, including 530 direct: market slow, fairly steady; top, $10.40; 300-350 1bs., $9.75@10; 180-200 Ibs., $10.25; 160-180 lbs., $10.15; 140-160 lbs., 89.25 9.75: 100-140 1bs., $78.75: good packing sows, $8.50@ 8.75: smooth lightweights to $9. Cattle—Receipts 450; calves 350; maractive, good steers, yearlings and heifers, steady to Sitons lower grades and cows, uneven, 15@25c higher; bulls. firm; part load. 1103-1b. steers, $12.50; 950-1000 1bs.. $11.25; 1000-lb.’ heifers, $10.50; ccws, $T@n. 75; y § medium bulls, 50; Vealers lt? steady: good to choice, [email protected]. Sheep—Receipts. 50; 1 et. steady, on meager supply: good to choice Wo lambs quoted [email protected]; small lot medium shorn lambs. $9.50; clipped slaughter ewes. $2@4; small lots spring lambs, $12.50@ 14; _ strictly choice 50-55-1b. saleable up 0 i

FAYETTE, April 22. —Hogs—Market,

3 225- 300 lbs. 180

88 5018.75: lbs.. [email protected]: roughs, $9.50 down. Calves = 10.50 down: Western’ ‘lambs, $12.50 down; clipped A $10@11; native lambs, $11.50 d 50 dow -

STEEL RECORD HINTED

NEW YORK, April 22.—The nation’s steel industry this week is scheduled to produce 1,196,000 gross tons of steel, a record output, the American Iron & Steel Institute renorted today.

Automobile Depository

Bank while your motor runs

BANKERS TRUST CO.

America Nat'l. Bank Stock | NEWTON

000

A spread of $9.25 |

holdovers 370: .

Curb Stocks

Alum 122 Alum 1g cum pf. #0-- 10804 Am Air .« 352

’ Va

& Behanes Air Ber Gay r Blue Ridge cv pf Bdigpt M Brown Co pf Cable El Pro Can. Marconi Carib Synd Carnegie Met Carrier Corp Carter Co

Cities Serv pf City Auto Claude Neon Lts

Con Aircraft Con Cop Mns

Creole Pet Croft Brew Crown C Pet Cusi Mexic Dennison 1 pf Det Gasket .... Dom Stl & Coal B Ea G.& Fuel pf Ed Br Strs El B & Sh El P

Equity Evans Lead F N Strs 1st pf Fisk Rubber Flor P&L pf ...... ies

Godchaux Su A .. Godchaux pf Gorham Mfg ext GiLA& PNY. Gt North Paper . Greenfield T & D Gulf O Hat Cp of Am B Helena Rub N

Humble Oil Huyler Str . Huy St 7 pf st Hydro El Sec .

Ringsion P Cp oppers pf Lakey F & M

Massey Harris Merch & Mf A Mesabi Iron Mich Bumper Mich Sug

Moore - Dist. . Nacmn Spr . Nat Cont ... Nat Fuel G one Nat P&L pf....... oa Nat Service ....... ee team g wr Niles Bement . Nipissing i N A Rayon A N Ind PS 7 pf N W Engin Ohlo oil pf Oklahoma N Gas Oklahoma N Gas Oldetyme Dist Pas P Sy Penin Tel Pennroad Penn P & L pf Pepperell Phoenix Sec Pioneer . G Pitney Bowes Powdrell & A Prosperity Co B PS Co Ind $6 pf Puget $6 pf Reiter Foster Rossia Int'l Roy Tpyewriter Rustless I & Stl Ryan Consol

Seiberling R ....... ware Selected Ind Seversky Air

Singer Lt rets . daluenian So Penn Oil . wens Southld R ...

S| Stand Brew ..

[Starters op vie 1 Alu

Ster Bieri re Sunshine M

BANK STOCKS

(By Blyth & Co., Inc.)

Bankers Trust .... Central Hanover .. Chase National

Guaranty Tru Irving Trust .... Manufacturers Trust National City Continental First National Boston . National Shawm National City, i diand

FIRE INSURANCE

Aetna Fire American of Newark Baltimore & ‘American ‘City of New York

Great American Hanover Hartford xHome National Fire National Liberty North Rive Phoenix XU. S. Fire XxWestchester xEx-Dividend.

CHICAGO LIVESTOCK

CH GO, April 22.—Hogs—Receipts. 13,000, including 5000 directs: market strong to 10c higher early: top, $10.45; bulk, good and choice, 200-320 Ibs., *$10:26 @10.40; 150-190 lbs. [email protected]: geod packing sows, 350-550 Ibs., [email protected]; best pigs, [email protected] Cattle—Receipts, 5000: calves, 1500; and choice fed steers and yearlings ose steady: common and medium grade active and firm to shade higher; these selling at $10.50 down: no strictly choice offerings here; bulk $9.75@11; best Srecrs around $14, ‘but very few above $12.50: all shestock unevenly firm to 25c¢ higher: both cows and heifers especially common and medium grades selling at new high on crop; bulls firm to 10c higher: those weighty sausage bulls selling at $7: vealers about steady at $8.50@10: very few selected shipper kinds, $10.50; stockers and feeders more active, [email protected]. . Sheep—Receipts, 72,000, including 5200 directs; woole lambs active after slow start; Jatly sales strong to 25¢ higher at upward to $13 and $13.25 to packers and shippers, few loads good to choice clipped lambs, $10.90: firm; scattered wooled ewes, $6@6.]50.

SETBACK BUYING STOPS DECLINE IN GRAIN PRICES

Strength in Corn Aids Wheat As Shorts Cover May.

By United Press CHICAGO, April — Wheat prices held about steady today on the Chicago Board of Trade, as buy=ing on setbacks gave a firmer tone to the market. | At the close of the first hour wheat was 3% cent lower to !& cent higher, corn was 3% to 1! cents higher, and oats were unchanged to 3 cent lower. Selling, which hit the wheat mar= ket on each bulge, prevented any great increase in prices as sentiment appeared. fairly even. Part of the selling was credited to interests who have been buying in recent sessions. Some of the buying on setbacks was believed to be short covering, particularly in May futures. Strength in corn steadied wheat. Wheat ree ceipts were 4 cars. : . Corn grew stronger as. a steady buying movement pushed prices up. The bullishness was spread over all futures, Corn receipts were 44 cars.

CHICAGO GRAIN FUTURES NOON RANGE

May July e $1.20

4912

ARGENTINE GRAIN (By United Press)

BUENOS AIRES, April 22. —Grain fue tures opened higher. Wheat —May. $1.22%s, up Jc; July, $1.203s, up 3ic. Corn—May, 54 Yc, up Vac: July, 545a¢. up Vac. Oats — April, 313%¢, up sc. Flax—May, $1.32%s, vp Y2¢; July, $1.33, up tac, LIVERPOOL WHEAT rev, Close. close. Ya $1.45; $1.437x Ja 14132 1.403, 0 1.31% 1313s

Low. 2!

4 .39 3

WAGON WHEAT

City grain elevators are paying $1.30 for No. 1 red wheat, other grades on their merits. Cash corn new No. 3 vellow, $1.20, Oats, 48c. Hav—No. 1 umothy. [email protected],

MONEY MARKET

NEW YORK, Avril 22.—Money rates ree LL unchanged today. : Bankers’ Acceptances—30 days, -@7-18 per cent; 60 and 90 days, 5s@9-16 per cent; 120 days. 3i@3a Per cent; 150 and 180 geys To@Y per ce emmercial Aber Prime names, 1 per

cent. Time Money—60 and 90 days, 1 12 cent; 120, 150 and 180 days, 11; per Rediscount 1%:

rate at New York, per

FOREIGN EXCHANGE

(By United Press) Bi Lb YORK, April 22.—Foreign exchange igher:

Latest Net Cable Rates Change England (pound) 1-16 --.00 9Eng. (60-d. bill rate) 49 5-16 --.00 9-16 Canada (dollar) ... 1.00% --.00 1-32 France (franc) 0444 -+.0000 5 Italy (lira) Belgium (belga) Germany (mark) . Ger. ttravel mark). Switzerland (franc) Holland (guilder) .. Spain (peseta) S¥eden tkrona) 1

- 50004 iH

Norway (krone) Denmark (krone) Australia (pound) Austria (shilling) Czechoslovakia (koruna) .. . Finland (markka) Greece (drachma) Jugoslavia (dinar) .. New Zeal.

Portugal (escudo) .. Rumania (leu) ... Argentina (of, peso) Argen. (unof. peso! Brazil (ofl. milreis) Brazil (unof. Milreis) Chile (peso) .... (sil. peso) . Hongkong (dollar). Shanghai (yuan) .. India {riliGe) ha Japan New’ 837 high.’

TREASURY STATEMENT WASHINGTON. April 22.—Government i enses and receipts for the current fise year through April 20, compared with yy year ago:

This Expenses . 58. 054, ae; 10. 81 Reelnts .. 3.994.091.855.

382.675.836. 53 s Purchas

To: Total Pu Inac. Gold A513. 937, 395 54 $305. 500,631.01

CLEARING HOUSE STATEMENT. Clearings $2, 907.000 Debits 7.134,000

FOOD PRICES

CHICAGO, April 22.—Apples—Unquoted, Sweet Potatoes—Louisiana Puerto Ricans, $2.60. Carrots—Illinos, bu., 65@90c. Spinach—Texas, bu., 50c@$1. Tomatoes—Flore ida. lugs. $2. 2563. Cauliflower—California, crates, $1.50 1.80. Peas—California, hampers, $2.25@ 2.50. Celery—Florida. 10-inch crates, [email protected]. Onions—Illinois, Indie ana and Michigan Yellows, 50-lb. sacks, 65@85c.

Colonial

Savings and Loan Assoeiation | 28 South Illinois St.

Breed, Elliott & Harrison

Established 1912 1115 Circle Tower

GOVERNMENT BONDS

FEDERAL AND JOINT STOCK LAND BANK BONDS

REAL ESTATE PREFERRED STOCKS AND BONDS

INVESTMENT TRUSTS

We Buy and Sell:

American National Bank

Stock

Indianapolis Railways, Inc. 5% Bonds

CITY SECURITIES CORPORATION

417 Circle Tower Lincoln 5535