Indianapolis Times, Indianapolis, Marion County, 23 April 1937 — Page 42

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PAGE 42

THE INDIANAPOLIS TIMES

AN ib

FRIDAY, APRIL 23, 1987

COMPLETE N. Y. EXCHANGE

STOCKS HN

The Times Financial and M

arket Page

COMPLETE LOCAL LIVESTOCK

ICKERS SCARCELY MOVE TO REGISTER DAY'S STOCK SALES

o mss eget tsi mien

Net Market Tur ns Dow n Sie 4 Graph H Br fd 4 Changs { Colgate P P After Colum Gas Till

Low 3 ‘a 3 Advance N oon.

| Col Piet pf Com Credit | Com In Tr Hii Solv ‘ommonw : 3 ong Nairn —— x oo Textile ‘ons Coal ntainer

By United ross NEW YORK, April

( C { ( C 8 ( ( ( 1 Prices fluctuated aimlessly in Cond \ \ , 8 $ cy << c ££ C

99 -).

OB =tI-TNONES — Tu. . 2 — ia

one of the lightest | sessions of the year on the change today. The market =vvanced before turned down from the Around | the end of the third hour a major of iss rogist smail and wades barely moved. Some of te rail some of (nh motors, util sagged. Gold small Liquor shares were FIRST HOUR The market. opened irregular and | dull after which prices iirmed but | trading showed no pick 5p. Steel | A ai shares were fairly active, U. S. Steel | Freept-Sulphur rallying from a fractional i to ®s | gain at 114%. Chrysler rallied to a| Gar —boint' gain at 120': and General| Gen ° Mptors was fractionally higher. | §e0 oodyear was active, rising 1! to | Sen, 45%. Du Pont advanced 17s to 160%. | ¢ Atchison led rails with more than a | point gain. Utilities were steady. Velume approximated 250,000 shares compared with 340,000 in the first hour yesterday. |Dow-Jones averages: Industrial, 182.12, up 0.42; fails, 61.23, up 0.28; utility, 30.58, up 5,

Stock Ex- |

in Irtiss-Wr urt- Wr A

adana then

opened irregular,

dA mm df A DB ANNDDD eam

noon,

{ops. el & Hud arad 3 i, iI off

declines {LIckers

ues

Yarne yd ull

Douglas 4 Pont 13 16 Eas 8 Kodak .... Faton Mfg Eiting Sch .... 14 Elec Auto-1, 39 Elec & Music I. Elee P&L Sh H Cl nid .

UNS as did 1d coppers. steels, amusements showed urmed.

Py ake na LUD all

DUNINg 1§3Ues avers

higher.

losses

Lhe]

Fajardo Sug .. Fed Lt & T ... 23 Fid Phen Firestone T Follsanbee

++:

1 285s tO

Wood Ind.. 147; Bak ...... 133

EER shyt

ows

TT IRD bk dk L-1OUMI r= NOD LI

| Gon Ri | Gimbel

— ~

SECOND HOUR

The marl ket centinued dull land prices were fairly steady. U! S. Steel at 114%; was 5 higher. Genou Motors was at 604 and Ch 'yS=er slipped back to 120!'s. Case | } +s firmed to 1% gain at 168 while | Hadcon Mas x Deere & Co. was *¢ higher at 1311s. Fi Mot new. Atchison retained more than a point ! advance at 85. New York Central was !: higher at 501i. Metals gen- | 1050, Con eraily were firm. Consolidated Edi- : Inter Iron son clipped off to 's loss at 387%. | 1n Veoiume approximated 130,000 nt shaves, compared with 220,000 in the | [20 Nickel second hour yesterday. Dow Jones In ose Ce averages: Industrial, 182.18, up .48; | 1a nap Pl railroad, 61. 40, up .45; utility, 30.53, | unchanged.

II1 Central | Ind ay

Is Cr Coal

Kalamazoo Stve 3814 Kan C Sou..... 25!2 Kennecott . 5913 Kresze SS Ba Kroger G&B

THIRD HOUR

The market eased off. U. S. Steel dropped back to 113%, where it was 12 lower. Chrysler| had 3; loss at | Lambert 119's and General Motors showed a | rehmanl «w+ similar decline at 597%. Du Pont lost | Libby Mc&L all of its gain. Some of the metal r shares maintained fractional gains, Atchison was a point higher at 845 but New York Central drifted to iy loss_at 497;. Paramount was active and had 1% loss at 223. Warner Brothers eased fr actionally, Volume approximated 160,000 shares, compored with 160,000 in the third hour yesterday. Dow- Jones averages: Industrial, 181,29, off 0.41; railroad, 61.16, up 0.21; utilities, 30.44, off 0.09, -

BIRD UTES WD B10 U1 Nn oA

w -

® De®

CONUID D-II 0I DEI W LI = BO UY =1 0 4a 00 UY =

- No

300: 22 3615 Yen 323; 2

Lone Star Cem. Lorillard . Ludlum Stl ....

Lou

Mac An & F.. McCrory McKeesport

Ma Marhan’ Martin Parry .. 10 | Masonite Corp . 5

DOW-JONES STOCK AVERAGES | Mad Corp 30° Industrials

Mengel Sa Sa Mesta Mach Miami Cop Mident Pet Minn-Moline Mo-K Tex .. Mont Ward . Mothér Lode Motor Prod . Motor Whi

Yesterday Week ago Month age Holiday, a

Year High, 193 7. 194. 10; low, 1936; 181.90; low,

High, 20 Railroads

—1.90 —0.14

+0.46

+141 141

. 18033

i No +++: i A we a] wo P®®

Yesterday

go ago Holiday. ago 11.68 1931. 61. 16; “low, 53.13. 1936, 59.89; low, 10.66.

20 Utilities

Nash=Kelv I Nat Biscuit 2 { Nat Bis pf ... 130 Nat Cash Reg A 3312 Nat Dairy Lo 24 ) 3278

High, Nat Distillers Nat ad 3612 Nat Maj & StIC 551 Nat P & Lt ... 11 Natomas ..... Nat Gypsum Newport Ind .. N Y Air Brk .. 82's

N Y Central . 501: NY Central Rts 15-3 32

Yesterday Week ago : Month azo Holiday.

ear ag a High, i937. 30.54; low, 1936, 36.08; low,

Hizh, 0 Stocks)

30.59 “30. 23. > 3%, 28.63. . 33% Yesterday Week ago Month ago "Holiday.

Year azo 54. High, 193%, 6 9.67; low, 63.43. High, 1936, Saocas: low. 31.20. Net No Am ph ves : € No A Ed pf... High Low Last Change | No Pacific — Adams Exp .... 19 Addressograph Air Redu

Omnibus Otis Elev tis Steel . Outboard Marine 23

Ltg 4755

i Lad DOI= OM DOD

—

1 rn

HOO hI

2 26-4

i Pacific

ARNE Oe N®

— ooo - LW Na

tain Patino Mines Penney 98 Penn aR Pet A Pfeiff 22 Phelps Dodg .. dCT1..

22 bE Let

OS |

Ww CRE LS

— 00 CORI b= Ut het Jt pet IDS Oa Bld OW OO UII 1

FLEE

Plymouth oil Smel 89 Proctor & G Sm 6 pf 105 26- 32 Public Serv Stl Fdies ] Stl Fds Ris Stes Ze aliigs | &T Tob B Type F .. Water W .. Wonjen pi. Zn

[5 3 0

> we WH mean k omen

+ 4

RN NO = UTED 00 ws BI ws : PR

a ®

Co a

2 | Reo Mo | Eun st Rep Stl pf Revere Cop ... Reyn Spring ... Reyn Tob B ... Roan-Antel

Safeway g Scpenley Dist Sch Sen on Seab’'d Oil Sears Servel Shell ’ Silver-King .... Simmons

Atlas Corp

Bald Loco as .. Balt & Gio. Barber Co Barnsdall Bendix Avn .... Beth Steel Blaw-Knox ... Boering Air .... Bohn Al Br .... Borden Brg Warner nw Botany Bdgept Brass .. Briggs Mfg aie Brklyn-M T .. Bklyn & Q Tr.. Bklyn U_Gas.. Bucvrus-Erie Budd Mig Bdapt Brass Rts Burroughs 2 Byers. A 1}

al Byron ackson vr 21%

Stan Oil Ind .. Stan Oil N J .. Stew-War Studebaker Superior O Superior St ce Swift Intl Cae +. | Syming-G xw...

Cal Packing . £10k Call Zin see la Calumet “a H.. yas Canada Drv ... 31% C Pacific Carriers & Gen 9 Case. J ses 100 Celanese . -. 38 Cent Foundry Cer de Pasco .. Champ Paper Ches & Ohio. . ChM Br P&P of

| Talcott J Tenn Corp Texas Cor

91;

Tex TX PC ie Tex Pac 1, T... 8 | Thermoid ...... Thompson Pr . : { Thomp Star { Tide W A Oi imk-D Ax ".

of 4 oe ue we ot}

+] FE HE +

20 Ya23% eos 23%

Cig Ea Tare 23% =n

2 s -ri. ir IL

MARKETS AT A GLANCE

Stocks higher in light trading. Bonds irregular; U. S. Government issues lower. Curb stocks irregular; heavy industrials firm. Chicago stocks irregular. Call money 1 per cent. Foreign exchange irregular; pound easy. Cotton 8 to 12 points lower. Grains fractionally lower. Rubber rallies from early lows. Silver at New York unchanged at 4434 cents a fine ounce.

Net High Low Last Change Timken RB... 623; 2 623, 4 Transamerica .. 153g ; Trans & Wms. 203; TrisCont |. ...... 9; Truax Tra . 11 20th Cent- i . 392 —_U—

312

Union Carb Un Oil Cal Un Pacific Union Pac ni rk Un Tank: ..... 8 Un Aircraft Cp: Un Air Lines. Un Biscuit United Corp ... Un El Coal .. Un Eng & Fdy. United Fru .... Un Gas Imp ... Un Paper bd.. Un. Stk Yd... U Gypsum. .

—- — 00 UI ——

DD DD [4 DW = OUR UW Tb TUT DD

S Rub 1 pf 101! El Coal Rts Steel P 7s

Vadsco Sales Vanadium Va-Caro Ch

| Walworth

Wabash Waldorf Walker

Sys (H)

—

Ce 2) ANTREN OD 0D 0a

West A Bke Westing El White Mot Wilson & £9. Woolworth .

Young § & Cw Young Sheet . 9314 ee Fee 37's 37's

MON EY MARKET

TREASURY STATEMENT By United Press WASHINGTON, April 23.—Government ex eS penises and receipts for the current fisvear through April 21, compared with : year ago:

Zenith Rad «

This Year Last ar . $6,079, 365, 976.33 $5,810, ovr 7. rey 97 Receipts . 4,004,789.975.90 3,270,156,998.04 Deficit _.... 2.074,576.000.43 2.539.860 864.93 Cash Bal.. 1,719,184,146,01 2.554.176.249.53 Jub. Debt. 34.882.6822 609.01 31.440.105.352. 63 Gold Res..11,737.179,463.57 10. 208.740,442.27 Customs 383.950,055.35 315.229.737.40 Today's Purchase Total Purchases Gold $413,227.23 $505,913,858 24

FOREIGN EXCHANGE NEW YORK, April 23.—Foreign exchange

lower: Latest Net Cable Rates Cane

Expenses .

Inac.

England (pound) Eng. (60-day bill Tale). Canada (doilar) ..... France (franc) Italy (lira) Belgium (belga) Germany (mark) ... Germany (travel mark) Switzerland (franc) .. Holland (Guilder) Spain (peseta) Sweden (krona) Norway (krone)

Australia (pound) Austria (shilling) Czechoslovakia (koruna) Finland (markka Greece Er Jugoslavia (dinary ... New Zealand found). Poland (zloty Portugal ih Rumania (leu) Argentina (offl. Argentina (unoffl. Brazil -(offl. Brazil (unoffl. mireis). Chile (peso) Peru {oly hans Uruguay eso) . . Mexico id peso) .. Honk Kong (dollar) .. Shanghai (yuan) India (rupee) Japan (yen)

2876 -.0002

CLEARING HOUSE STATEMENT Clearings $2,970,000 Debits 8,465,000

Chicago Corp ...eavee ie Cities Service Consumers Co ..... Elec Househd Gen Financ Hupp Motor Jarvis 2 Kingsbury Br Lincoln Print Loudon Pack Aid s Peabodv Coal B Sangamo El Utah Radio Prod

BANK STOCKS (By Blyth & Co., nsdn,

21x

43g

Bankers Trust .....:..cecspues Central Hanover Chase National . Chemical Bank & Trust Guaranty rust Irving "Trust ........ce0nee Bnet pers National City Continental . First National “Bison National Shawmut National ci Cleveland 3 FIRE INSURANCE Aetna Fire . 4

Baltimore & American City of New York ...

American Hanover Hartford

| "Home

Najjong) Fire

“Westchester *Ex-Dividend.

re eee ei Y ~ “ ~ . CHICAGO PRODUCE Eggs—Market, weaker: receipts, 33,748 cases; fresh graded firsts, Sie; . current receipts, 20Vc: . storage- packed firsts, 23c; Sorage-packe extras, 23%ec; extra firsts, 22! Butter—Market, steady; is 10.980 tubs: extra firsts (90-9112 score). 30% 30 Yc: extra (92 score), 30'c;. firsts, 291, @29%,c: standards, 30'sc: specials, 31@31'2c. Poultry—Market, easier; receipts, trucks, one car; geese, 13c: dueks, 2100) broilers, 23 24¢; hens, 15@19%c; Leghor n hens, 10@16'5c: old roosters. 1215@131, turkeys. 15@20c: fryers, 23 25c: Pace backs, 22c: spring chickens, 24@27c. Cheese—Twins, 15'>@ 15%4¢; Daisies, 16@ 1614c: Longhorns, 16@ 16 Vac. Potatoes (old stock) — Supplies, light! demand, light: market. steady: Idaho Russet Burbanks. $2.60 2.80; U. S. No. 2. $2.30; Maine Green Mountain. [email protected]: Wisconsin Round Whites, $2: U. 5 Commercials, [email protected]: U. S. No. 2. 25; Minnesota and North Dakota Baris ‘Ohios, '$2.706:2.75. New Stock—Supplies, 3 demand. fair; Market, stronger. sales, cariots. per undredweight Texas Bliss 0 [email protected]; No. 2. $2.15. Arrivals, 42; 168; 638.

PRICE INDEX

on track, shipments,

DAILY PRICE INDEX

NEW YORK, April 23.—Dun & Bradstreet’s “ weighted price index of 30 basic commodities. piled for the United Press (1930-1932 average 100)

Yesterday Week ago Month ago ....

Today $1.36% 1.39 1.18 5614 8.475 1170 09 J0347 321%

Commodity — Wheat, No 2 red (bu.) . ,..,.. Corn. No. 2 vellow (bu.)........ Rye. No. 2 (bu.) . Ce betes Oats. No. 2 white (bu.)....... . Flour. sprz. pat. (196-1b. sack).. Lard. prime steam spt. (Ib.).... Coffee. Rio 7s spt. (Ib.).....cc00e Sugar. raw. 96 test (1b.)........ Butter. 92 score (Ib.).

I % Steers, AVE, most sales (Ib.).ees

Hogs, ave, most sales ab.) ennn .1050

«0610

Da BU ean a

28 |

HIGH-GRADE RAIL BONDS FEATURE IRREGULAR RISE :

U. S. Government Issues Lose Up to 9-32 in Treasuries.

By United Press NEW YORK, April grade rails featured strength’ in domestic bonds today. U. S. loans continued easier.

New York Central 6s of. 1944 firmed at 125% up % and Chesa~ peake Corp. 5s of 1944 gained 3:1 to 121. Great Northern and Pennsylvania Railroad funds steadied. Southern Pacific, Wabash and Baltimore & Ohio bonds weakened. Steels held moderate opening gains and oils were steady. I. R. T. 5s of 1966 gained 1 point to 761%. -Government issues lost up to 9-32 in Treasury 27%s of 1955-60 at 100 2-32. Guaranteed funds eased, Home Owners Loan 3s of 1952 losing 7-32 to 100 23-32 and Federal Mortgage 3'4s of 1964 selling off 6-32 to 101 24-32. Short-term bonds rose against the trend, showing gains of as much as 3-32 in the Treasury 33s of 1943-47 at 105 19-32.

Foreign obligations declined irregularly.

23.—Highirregular corporation Government

Industrials Rise on

Irregular Curb

NEW YORK, April 23.—Heavy industrial issues strengthened on an irregular curb market today. Wayne Pump rose 1% to 46's, Bower Roller Bearing gained 1% to 313% and Rustless Iron & Steel firmed. Aluminum Co. of America declined a point to 156, Aluminum Ltd., was off 2 points at 120 and Douglas Shoe preferred dropped 271 to 40%.

& 4

Bunker Hill & Sullivan sagged 314 points to 124 following announcement of the split-up in its shares. Hudson Bay Mining eased while Newmont advanced 13 to 120. Utilities were irregular. Gulf dipped 2 to 58 while other oils firmed.

Acreage Estimate

Breaks Cotton

NEW YORK, April 23. — Cotton futures dipped about 50 cents a bale today on selling inspired by fears that acreage will show an increase over last season. . Trading was fairly active. Southern reports indicated acreage in certain sections might show increases ranging to 30 per cent.

Wool Prices Hold

Despite Demand Loss

BOSTON, April 23.—Quotations on domestic . wools were mostly steady despite a very slow demand, the U. S. Agriculture Department reported today. Original bag fine terrirtory wools of average to good French combing length and good twelve months Texas wools were held at $1.03 to $1.06, scoured basis.

Profits Tax still

Worries London

LONDON, - April 23.—Continued uncertainty over interpretations of the excess profits tax brought easiness to the London Stock Market today. Despite official hints of a possible modification. British funds closed unchanged. U. S. Steel sold at 113'2, General Motors at .59 15-16, and American Telephone & Telegraph at 167%.

Preferred Issues Break at Chicago

CHICAGO, April 23.—Wide breaks in preferred issues which have not been traded for several months featured an otherwise irregularly higher trend on the Chicago Stock Exchange today. Trading was quiet. Quaker Oats preferred in its first sale in some two months broke 2 points to 121, while Oklahoma Gas & Electric preferred, also an inactive Issue. dropped 8 points to a new low at 106. Utilities were easier.

INVESTING CO.’S

(By N. Y. Security Dealers Assn.) Ask]! Bid 20.44Md Pd . 10.16 5s 11.96Mass Inv 2918 32.00 M

i 5.2 Broad St 3642 Bull Fd. 22.62 Cent Tr. 26.58 Fis Bk . 13.85 Fis Ins. 3.91 Ct Shrs. 19.75 Cp I: sn Sh 3. 9

cum . mod.

Damo Mme Wats DIRS Bs oy 1 m3 ~T iy 50 ¢ EC see Ben rs 89,8 3;

Div Shrs 203 Fidelity. 23.01 1st Bos. 36.25 Fix Tr A 13.50 16. 26 »B aol 05

00 ~Ft 14 ITED EO 00 30 mt tot £3 = $03 DI BER 03ade NB nsneN3S

SSnmuen Eanenss

we SC 1... D.... Gen Inv 17.07 - B Inc Inv, 26.31 USEL&PA Inv Fd C 15.99 116.97! Well Fa 20. Kvstone. 22.65 (24.81

18.37 22.27

Curb Stocks

By United Press

Air Inv wts Alum Ltd Alum te um pf Co A .

shies senens 103 Maracaibo 1% Meter

cessesssces

essgasen

& Austin Sil Mne Auto M Bab & Wile Baldwin Loco B rts Bell Air Ber Gay Fur Bliss E W Blue Ridge cv pf.. Bower R B

Can Ind Alc A Can Marconi

n Celanese Pst pf Cent S Elec...... Canes Centrif P... Chesebro ...

Sor, 2 6% cv pf Col F & I ws Col Ez & E cv pf Col O & GN Con Cop Mns Con G Balt Con Stl. cp =.» Copper Rnge Corr & Rey Creole Pet Crown C Pet . Crown Ck A . Crown Drg pf . Cuneo Pr Cusi- Mexic ... Dennison 1 Derby O &

El Pwr As 2 El Share H . Equity Cp Fed Mf .. Fisk Rubber Ford Can A.. Ford M Ltd . Frank Rayon Gen Alloys Gen: Tel .: en T&R Sen Alden Gorhm Mfg ext . Grd Nat Films

0 re JUDY

— Ot Os

Gulf Hartman Tob Harv Brew Hollinger Horn: Hardt Hud Bay M Humble Oil ...... BY St 7 nf Shoes .

Lt] 00 ld yee 00 OB tA He

ad DW VI BIBI = WR

Iron Fireman Jacobs Jer Cent P & L ‘pf eas Kings Brew Kingston P Cp

Foran Oil cvvvrseer vs Lion Oil Lockheed Air ...

Massey Harrfs tives McWms Dredce ain Memp NG sie Merrit C & S . Mich Bumper . Mid-S Pet A . Molybdenum ..

PRP 0B DAO

& DAO RN

Nat Fuel G . Nat Rub M Nat Service .. Nat Transit .ccoivene, New H Clock ...

cestessans

Nipissing NALG&P pf No Eu Oil Novadel ..: Oldetyme Dist Pac Lighting pf Page Hersh Tubes Pantepec Pennroad Penn W & P Phoenix Sec ........... Pierce Governor eeeines Pioneer G Pitts Pl GI Prosperity COB covers

Ga . PS Co od ‘$6 “pf. PS Ind $7 p bf Rainbow B Reed Roll Bt N..... eo Reiter Foster Reynolds Inv Rice Bix DG Root etro Des 1 Safety CH & L.. St. Regis P}.... Savoy Oil (L). Seeman Br (L).. Segal Lock New Seiberling R Selected Inge x Sel Ind pr s Shattuck oh

Stand Dredg . Stand Inv cum Ky )

Starrett co vie Sterl Alu ois Sterling The’ Sunshine M Technicolor

Texon Oil

: LOCAL ISSUES

[od — wo no — WB BOC = 1D CN =] 00

a re ey

— xo

w DTA OUNIR - GN Le

(By Indianapolis Bond & Share Corp.)

The following quotations do not

repre-

sent actual bids or offerings, tu. merely indicate the approximate m BONDS

Bid .101} Va

Vas 61. Gitz Ind Tel (TH) 4tas '61....101%

1 & Tel Ft W 52s ' H Tel & Tel Ft W 6s Ind Assoc Tel a) 28 '65.... Indiana Tel Co 8s '60.. Indpls Railway Inc 5s '67. A Indpls Water Co 3'2s go i > inetrstate Tel & Tel 512 } . Kokomo Water Works 25 3 Morris 5 & 10 Stores 5s '50 .100 Muncie Water Works 5s 58 Noblesville H L & P 6s "47. Ohio Tel ery 6s '47 Richmond W 5s Seymour Water Co 5s "49 I' H Trac & L 5s ‘44 T H Water Works 3s '56 T H Water Works 6s ’49.. Trae Term Co 5s '57 . Kipner Packing Co 415s 49... STOCKS

Belt Railroad & St Yds com.. Belt Raiiroad & St Yds pid.. Cent Ind Pwr pf Ts Home Tel & Tel Ft Wayne Hook Dru Ind & Mic Ind Gas Co co Ind Gen Serv ng 6s Ind Hydro Blec Co Ts Indpls Pwr & Lit eo p fd 6 Indpls Pwr & Lt C Indpls Water Co mean Natl Life

Terre Haute Bree Co Union Title Co com .. Van Camp Mil Co pfd Van Camp Milk Co:com *Ex-Dividend

Ask Jove

1061s

AND COMMODITY QUOTATIONS

Commodity— ily c

Lead. spot (Ib.) Zinc. spot (Ib.)

Week Ago

$1.32'% 1.3134 1.15% 55 8.275 1125 09 0350 327% 1010 0590 i

Silver,

Steel, scrap. Chi.

scrap and hides.

Lambs, avg, most sales Ib.) . Hides. native hvy. steers ab.) . Wool, fine unwash. embyes. (Ib.). Cotton. Mid-Upland (Ib.)....... Silk. 13-15 deniers Jan. (1b.).... Rubber. sont. smk. rib (1b.)..... Copper. electrolytic (l1b.).

Tin, Straits spot (1b.) eomml|, bars (oz)....... (ton) . Pig Iron. Iron Age Comp. (ton) Coke. Connelsville (ton). Cement, Dom. Portland (bbl). Yellow Pine. 6-in. case (m ft.).. Douzlas fir. rough (m ft.) . Gasoline, tank wagon (gal. Crude Oil, ‘40 gravity (bbl)

{Source of Quotes—Chicago:

Boston: Wool. ville; Coke, Tulsa: Crude oil. New York: All others.),

Week Ago $ 1275 $ 16% 45 1399

Today

§ .1310 168% - 45 .1386 2.97% 231-16 14% 060214 .0662% 591% 44% 19.75 23.25 4.60

«met

60.00 52.50 Deeso 090 cence 1.27

2214 15% 060214 .0300 581% 45% 21.25

23.25

srsescsee

60.00 52.50 .090

E. St. Louis: Zine.

2.00 1.

14. 18.

4.60 3. 2.25 2. 50.

1.27 1. Grains, livestock, lard, steel Connels-

Year Ago

1160 A113 34 .1180 64 16 091% 0460 0490 465% 43 25 84 65 35 00 00 097 18

NEBR DONO NND

0 ® AAD AT

BIGGEST SUPPLY OF HOGS IN U.S.

MARKETED HERE

Heavy Receipts Drive All Prices Sharply Lower in Trade Today.

By Bureau of Agricultural Economics U. S. Department of Agriculture

Indiangpolis Union Stockyards had more hogs on sale today than any market in the country, but the liberal supply, expected to reach 10,000 head, spelled sharply lower prices. Demand was fairly broad from shippers. for weights below 235 pounds and these weights lost only 15 cents, but meidum weights and heavies were hammered sharply, declining 20 to 30 cents. Principal outlet for heavy butchers was mainly to local houses and these interests were very bearish.

Top dipped to $10,20 on choice 225 to 235-pound weights. The schedule of trading was expanded so that weights above 160 pounds were divided into 12 groups instead of nine as formerly. Sows declined 25 cents in sym-

Bulk moved at $9 to $9.60. Cattle Buying Urgent

There was urgent buying for all classes of killing cattle today and prices held fully steady at the week’s advance. Supplies consisted mostly of slaughter she stock, running heavily to cows. Odd lots of steers and yearlings cleared, at $9.50

included sales of heifers. Choice cows sold upward to $M Good ‘grade brought $7 to $8 and common and medium offerings turned at $5.75-$6.75. Cutter grades had a range of $4.25 to $5.50. Sales of medium grade sausage bulls were made at $6.75 downward. Cattle receipts were estimated 4t 600 head. A run of vealers expected to reach close to 1000 head, coupled with lower advices from nearby centers, put the market into buyers’ hands and values declined 50 cents. Good and choice vealers cashed from $10 to $10.50, medium mostly $8 to $9, medium to good kinds upward to $9.50. Heavy calves sold upward to $9.50 and above for choice lightweights, around 350-400 pounds. Lamb supplies of around 1000 head were expected. Early marketings consisted of six loads of good to choice shorn offerings averaging 85 to 90 pounds, which sold steady at $11.25, with a small lot of around 60 pound spring lambs at $18. Sheep were steady, slaughter ewes mostly $5.50 down.

Bulk $9.5574 10.15 10.05@ 10.25 [email protected] [email protected] 10.00@ 10.25 10.104710.35 10.10@ 10.35 23. [email protected] . Light Lights— (140-160) Good and Medium

Lightwelghts— (160-180) Good and

Medium (180-200)

e Medium Weights— (200-220) Good and (220-250) Good and Heavvweights— - (250-290) Good and 1200-350) Good and Packing Sows— 1270-350) Good 1340-425) Good (425-550) Good (275-550) Medium Slaughter Pias— (100-140) So08 a and choice. . Me

Receints 6000

choice. .$ 5 250 10.00 25@ 9.60

9.60@ 10.05 8.75@ 9.80 9.804 10.10 [email protected]

choice . 10.00@ 10 choice . 10.00@

choice. . choice. .

83 oD w OO Ww

—Receipts, 600— (550-900)

DO PBIB WD —

QOVNNINDO DO

09933339

HINDI

(900-1130)

ht a WhOWANOWA-TONW

ON ONUINMINILID Diogo on QUIDUILINIIIDOoOLNUIOD

(1100-1300)

WR ON-1PV VIN DON -JON 1

OOO W!n bd fk ph fk pi

00-1500) (1300 &

(500-750) G

Good and medium.

1750-900) Common, medium

Choice 0 v and medinm sian Low cutter and cutter Bulls, good Cutter, com Vealers —Receipts, 900— SoS and choice 3 fon Cull Id SOmmOn .00@ 8.00

a ad choice .$ 7.00@ 9.75 1350-300) Good an medium ~~ 5.00@ 6.50 Feeder and Stocker Cattle (500-800) Good and cnholce § Ta 2.00 Com mmo. ¢ modu. 5 23 choice. . 500:1050) Bay medium. 7.00 Heifers—

Good “and choice Common and medium SHEEP AND LAMBS —Receipts, 1000—

23 593

Lambs—

pt ft

aon 2S ~10 D0)

Doo wm

~90- 175) Sood and choice . Co on, medium

Jansen and A quotations

QQ HAI

o 0, = ° gas won 20S

By United Press CHICAGO, April 23. — Hogs—Receipts, 14,000, including 7000 directs; market, slow; weight averages, 200-lbs. and up, 10@20c lower; packing sows, @15c lower; bulk, good and choice 200-300 lbs. [email protected]; practical top, $10.25; "short loads, $10.30; most good and choice 150-190 lbs., $9.65@ 10.10; bulk 350-550 lb. packing sows, $9.50

19.75. By le=-Recuints. 200; calves, 700; common and medium grade steers, steady; no choice offerings here, very few grading ood; demand continues dependably broad gs kinds selling at $11 downward; other classes fully steady; weighty sausage bulls, $6.90 down: best vealers, $10.50; stocks and feeders continue moderately active; supplies, small; most thin kinds, $78. 25. Sheep—Reéceipts. 11,000, including 6100 directs; choice fat lambs, 15@25c lower; medium and good kinds off 1aore; best wooled lambs to shippers, $13.10; tulk early sales, $12.75@ 13; ewe loads around $12.60; clippers, $10.75; odd lot fat sheep, steady; best wooled lambs, $6.50; heavies around $5.50; best clipped ewes, $5.

FT. WAYNE, apr 23.—Hogs—Market, 15¢ lower; 225-250 lbs $9. 95: 250- 375 5

lbs., $9.10: 130-140 lbs., $8.75; 120-130 lbs., $8.50; 100-120 lbs., $8.25; roughs, $8.75: stags. $7.75. Calves, $10. 50. Lambs, $12. 25.

23.—Hogs—Market, t c Jower; 225-250 lbs., $10@ 256.335 1b [email protected]; 180-225 ibs., [email protected]; 150-160 [email protected]; 100$9.25 down. £12.50 native

LAFAYETTE, April steady 10.10: $9. 80s. 90: Toor os 1bs. Ibs., [email protected]; 130-150 lbs., 130 1bs., $7.75@ 8.25; raughs, Calves, ‘$10 gown Western lambs, down; clipped lambs, $11 down; lambs, $11.50 a

CINCINNATI. April 23. Hogs --Rereipts 3500; no direct: holdover, 130; market, slow, steady to 15c lower; a 035 top: 300350 1 s., $9.60@10; 100-140 lbs., [email protected]; ood sows, [email protected]. jp RE Ly £50: calves, 300; Paariat. active, steady to 25¢’ higher: 1050-1b. steers, 3, -odd heif$10.50 3 E904 Cows, $7.2 7.95; medium ny 7 557s 0: good to og ae vealers, [email protected]. Sheep-- Receipts, 50; market, enerally steady: good to choice wooled nbs quoted [email protected]; shorn lambs salable up to $10.50 and above; clipped slaughter oe 3 4 Sows; small lots spring lambs from $is d :

N. Y. Bonds

By United Press BOND PRICE INDEXES (1926 Average Equals 100) 20 20 20 Inds. Rails Util 95.9 102.6 96.2" 102.6 96.4 102.6 90.6 104.6 76.5° 96.3 101.2 106.0 94.2 101.9 100.4 106.2 84.7 103.5 , 86, 4 103.6 93.1 1935 low a1 0 89.3 83.0 (Copyright, 1937, Standard Statistics Co.)

U. 8. GOVERNMENT BONDS Treasury Bonds Low 114.12 109.24 105.19

96.9 97.0 97. 95.3 86.4 100.5

Yesterday Week ago Month ago .... 92.4 Year ago Two years ago. 86.3 1937 high 1937 low 1936 high 1936 low: 1935 high

100.2 93.3

Last 114.1

1949-53 Federal Land Bank Bid July 1955-45

Jan: 1956-46 May 1956-46 ........

towrarorot No Www + 00 09 09 2

— © oo Wr

) 102 Nov. 10412 Home Owners Loan Bonds High Low Last 1949 99.16

Am Writ P 6s 47ct F

pathy with the break in butchers. |

to $12 and a spread of $9 to $10.50

DOMESTIC BONDS : High. Low 06 105° 56

Last 06 5712

Abitibi 5s 53 (M)

Beth Stl 415s 60 Bos! Me RR

Chi W Ind 4's 62... Chi W Ind cn 4s 52 ... Cin Un T 5s C 57

Con G NY 4!3s 51 Consu Pw 3%;s 65 Det Edi 4s 65 . Duquesne Slee 65 Erie cv 4s B Gen Am Inv g 53 reas Gen M Ac 3s 46....... Goody T & R 5s 517.... Gt North 4':s D 76.... Gt Nor 45s G 46 . GIf St Util 4.5 46... Hudson Coal 5s 62 Int RT 7s 32 (M) Int RT ref 5s 66 Int T&T 5555 K C Term 4s 60 . Laclede G 5'25s D Leh VN Y 41:5 Loews Inc > Maine Man Rv Mo Pacif cv 515s 49. Mo Pacific 6s I 81. Mo Pac gen 4s 75 .. Morris & E 4!:s

NY N NY Rei 6s 33 st Nor Am Co 5s 61

Rd Goal 6s 49 Postal T & C 5s 53

Rep Stl 4153s 61 St LSF 4!l5s Is cist... St LSF 4s A vias Shell Un o ar, .s 51. Sou Ry gen 4s 58 .. Texas Cor 3'2s 51 Tex & Pac 55 C 719 Un Oil Cal 6s A 42 ..... Utah L & T 55 A 44... Wabash 52s A 75.....} Wabash 1st 55 39 ine JE W Penn Pw 3's 66. . West Union 5s 60 ve Young S & T 4s 61. FOREIGN BONDS

Anitoq Ts B 45 1534 Argent 6s B 58.100 9-32 Belgium 6s 55 10913 Brazil 8s 41 .. Brisbane Cty 5s Buen A 415-435 Canada 5s 52 .. Chile Ry 6s Jan 61 ...

Fr-1s 49° unst. German 7s 49

Mex 6s 33 la-as Min Ger 6!2s 58 New So Wal 5s 57 .... Norway 414s 65 Oslo 4l5s 55 Peru 6s 60 Queensld 6s 47

Rio de Jan 8s 46 ' Rome 6!2s 52 Rumania 7s 59 San Paul St Ts 40 Tokyo Elec 6s 53 Uruguay 6s 64 Warsaw 7s 58

NEW BOND ISSUES

(By W. L. Lyons & Co.)

6 44

Cal Oro Pwr 4s 66 ....... eich Delotex 412s 47 . . Cent Maine Pwr 4s Cent Maine Pwr 3!5s 66 Cinti G & E 3.5 66 Dom Canada 3s 67 Fla Power 4s 66 ‘Fla’ Power 5s 66 i Houston Lt & Power ‘3is 88 Indpls Water 3l2s 66 Kansas P & L 4l5s 65 Koppers Co 4s 51 Kresge Foundation 3'as 47 Los Angeles Rev 3s 67 Louisville G & E 3!2s 66 .... Metro Ed 4s 65 Narra Elec 3's 66 N. ¥ City 3s 71

Ohio Edison 33;s Okla G & E 4s 45 is Okla Gas & E Inc 333s 66. .. Otis Steel 45s 63... J... 923; Pac Lichtine i 45 . Phila Elec 35s 67 .... Sou Kraft 4las 46 Wise G & E 3'%s 66 Wisc Pub Serv 4s 61

FOOD PRICES

CHICAGO. April 23.—Avples—New York McIntosh, [email protected]. Sweet Potatoes— Louisiana Puerto Ricans. $2.60. Carrots— Illinois, 65@90c. Svinach—Illinois. bu. 25 @75¢c. Tomatoes—Florida, lugs, $1.25 3.50. Cauliflower—California. crates. $1.50@ 1.65. Peas—California. hampers, $2@ 2.50. Celery —Florida, 10-inch, crates, $1. 752.25. On-ions-—No sa 0 sales.

10112

BANK CLEARINGS DROP

Bu United Press

NEW YORK, April 23.—A sharp

drop in bank clearngs at New York City in the week ended April 21 brought the total for the United States 5.7 per cent below the 1936 comparative figure, . Dun & Bradstreet, Inc., reported today.

OIL TRUST TRIAL SET

By United Press

MADISON, Wis.,, April 23.—Trial!

of the Federal Government's anti- |

trust law violation charges against 28 major oil companies and more

than 60 of their executives was scheduled today for Sept. 24.

ELECTRIC OUTPUT DROPS

By United Press NEW YORK, April 23. Electricity production declined contraseasonally in the week ended April 17, but was 12.4 per cent above the corresponding 1936 week, the report of the Edison Electric Institute showed today.

y TYPEWRITTEN LETTER: AUTOMATICALLY TYPEC ADDRESSING & MAILING MULTIGRAPHING STENCILS CYT MIMEOGRAPHING RULED FORMS UPTO 14 X 20° TWO NOTAMe!

LI-6122

Bonds

95.9 |

125

99.16 |

LIQUIDATION OF WHEAT IMPEDES NEW PRICE RALLY

Uruguay Reported Ready to Admit Grain Imports Without Duty.

By United Press CHICAGO, April 23. — Wheat prices became mixed on the Chicago Board of Trade today after the opening weakness. At the end of the first hour wheat was ls to % cent lower, Corn was 13 cent lower to 1; gent higher, and oats were off 1s to up 14 cent.

There was some small buyi ing on

‘| the opening decline and prices be-

gan a movement forward that erased portions of the early losses. Liquidation, however, continued in small volume and held back the rally. Several local operators were prominent on the buying side. There was a report from Washington that Uruguay planned to admit wheat imports without imposition of what was described as “extra duty.” . Corn rallied with May-and July having short gains. Most of the downturn in September also was erased. Deferred futures received support from local traders.

CHICAGO GRAIN FUTURES « NOON RANGE

July Sent. . 3

L1810b

Close $1.40 1.36% 1.253%

h Low $1.40 1.361% 1.2534

ARGENTINE GRAIN Buy United Press . BUENOS AIRES. An 23.—Grain Jucares onened lower. Wheat—May, $1.20 off "ac: July. $1.18. off lec. ny $3tze, off 3c; July, 537sc. off lic. Oats—April, 31lsc, off 'sc. Flax—May, $1, 3114. off Wc; July, $1.32, off jc.

WINNIPEG GRAIN Ma July $1.273% Sls 513% 1.74

‘WAGON WHEAT City grain elevators are paying $1.28 for 0. red wheat, Cash corn new No. 3 vellow, $1.20, Hav—No. 1 timothv. [email protected].

merits. Oats, 49c.

GENERAL BUSINESS

—April 23— CORPORATION NEWS J. I. Case Co., 1936 net profit, equal to $12.35 a common share, vs. 801.835 or $5.70 in 1935. Commonwealth & Southern Corp Electric output $764,608,318 kwh. 603, 160,108 year ago, up 26.7 per ns first quarter 2,137,581.647 kwh. vs. 1,791,68%,761 year ago, up 19.3 per cent. General Refractors Co., 12 months ended March 31, net income $2,046,571, equal to $1.51 a share, vs. $687,638 or $1.51 in previous 12 months. International Products Co., 1936 net ine come $278,131, equal to 33 cents a come mén~©share, vs. $213,834 or 18 cents in 1935. Lambert Co., first-quarter consolidated ‘net profit $447,378, equal to 60 cents a share, vs. $380,885 or 51 cents year ago. National Paper & Type Co.. 6 months ended Feb. 28, net profit $19,748, equal to 95 cents a common share, vs. $67,043 or .cents year ago. 9 Schenley Distillers Corp. and subsidiaries, first quarter net .profit $1,813,272, equal to $1.24 a common share, vs. $1,739.00 or $1.46 year ago. Tide Water Associated Oil Co., first quarter net income, $3,328,303, equal to 39 cents a common share, vs. $2,707,703 or 31 cents year ago. Union Carbide & Carbon Corp. and subsidiaries, first-quarter net profit, $9,947 - 712, equal to $1.10 a share, record first quarter, vs. $7,502,393 or 83 cents year ago; 12 months, $39,297,527 or $4.37 a share, vs. $29,463,013 or $3.27 in previous 12 months. DIVIDENDS Household Finance Corp. regular quare terly $1 on common, payable July 15 record June 30. : Tide Water Associated Oil Co.,=20 cents on common, payable June 1 record May 186, vs. 15 cents on March 1. U. S. Playing Card Co., usual extra 25 cents and regular quarterly 25 cents, paye able July 1 record June 15.

STEAM COMPANY BOUGHT]

By United Press NEW YORK, April 23.—Consolie dat®d Edison Co. of New York, Inc., has acquired about 95 per cent of the outstanding common shares of the New York Steam Corp. it was learned today.

TEXAS LIMITS OIL OUTPUT,

By United Press AUSTIN, Tex. April 23.—Legal production in Texas for May today

$3,083,281, $1,»

arch

: | had been set at 1,411,236 barrels a

day by order of the State Railroad Commission issued today.

BEER SALES AT PEAK

By United Press . NEW YORK, April 23.—March beer sales totaled 4,175,894 barrels, the largest March figure since 1917 and an increase of 11.71 per cent above the 3,723,091 barrels sold in the 1936 month, the United States Brewers’ Association reported today.

STEEL PRODUCTION HIGH By United Press = CLEVELAND, April 23. Hei backlogs maintained steel produce tion at 91!2 per cent of capacity this week in spite of lighter buying volume, the magazine Steel report= ed today. Mills continued to ree strict bookings to buyers’ average needs.

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48 RUS T.6o st.