Indianapolis Times, Indianapolis, Marion County, 5 May 1937 — Page 15
stock market pulled through
||
‘WEDNESDAY, MAY 5,
1937
THE INDIANAPOLIS TIMES
\GE 15
COMPLETE’ N. Y. EXCHANGE STOCKS
4 =» Th
e Times Financial and Market Page
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COMPLETE LOCAL LIVESTOCK
3
E TO REVIVE STOCK MART
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Shares Drift After Opening Strength.
Lower
By United Press
NEW YORK, May 5.—The
another dull session today with prices irregularly lower as demand continued absent.
Similar developments were re- || ported in bond and commodity marLl | kets. The fact that tomorrow Brit- | ish jobbers must settle accounts in || London was a restrictive influence, (as there are fears some companies | may face difficulties considering the recent sharp break in prices. Meanwhile American shares appeared to need some] nw influence: which continuing od reports did not supply. : Rails had assumed early leadership on good carloading figures, but later dropped to fractional losses. Atchison made a new high for the year, at’ 90°:, while Southern Pacific, Northern Pacific and Delaware, Lackawanna & Western were strong. Allis Chalmers upset the indus-
industrial
-
REPORTS
FINAL NE
By United Press
W YORK
STOCKS
Acme Steel .... 80 Adamss Expr .. Address ogr
Allied Stores Allied Snares pt 80% Allis ae 0h
MARKETS AT A GLANCE
Stocks lower in dull trading. Bonds irregularly higher; U. S. . Government issues higher. Curb stocks irregularly lower in quiet trading. «Chicago stocks . higher. Foreign exchange steady; French franc recovers part of early loss. Cotton firm in quiet trading. Grains—Chicago wheat closed 34 to 115 cents a. bushel higher; old corn, 34 to 1% cents higher; new corn, 7 to 134 cents “higher; oats, unchanged to 35 cents higher; rye, 114 to 13; cents higher. Chicago Livestock Hogs, steady; cattle, steady to weak; sheep, steady to strong. Rubber slightly higher early strength. Silver at New York up Ig 451% cents a fine ounce.
Chicago Stocks |i 25
od Anch Cap By United Press 1
Advance Alum Armour & Co Bastian-Bless Jeceeden Berghofl B RLS coves
irregularly
103s &L 36 of 6614 Am Rad & 5 5 22% Am R Mill. Am Smelt Am Sm 6 pf.
Am St Fdies Rts 2 Am Sug pf 1 Am Sumat.. Am T & ro Am Fbageo, Am
after
at
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Armr Ill pr pf. Armstrong Ck . 6 Arnold Const
— a
trial list by declining 4 points to a new low for the year at 60 as reports continued the. company would | undertake new financing. It recovered slightly. The drop brought
Borg-Warner | Bruce E L
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Chzo Corp. cc.v.is esas Gen Financ
ODHUI EDI
Heileman Brew Atchison pf
Lincoln Print al Atl Ref Loudon Pack 4 | Atl Rel pi A.
selling which carried U. S. Steel from a fractional gain to a paint | loss, Bethlehem more than a point | lower, Chrysler fractionally |
lower | 2 “to below 115. Johns Manville lost |
more than 2 points. An easier tone ‘markets bought shares. Utility . shares .maintained a fairly good tcne. = Light selling developed in oil issues as the New | York Legislature increased the State | gasoline tax by 1 cent a gallon.
RETAIL FOOD COSTS ~ INCREASING SLOWLY
i€ { WASHINGTON, May 5. —Qom- | missioner Isador Lubin of the! Bu- | reau of Labor Statistics announced | today that retail food costs showed | an average increase. of .3 per cent | between March 16 and April 13. |
|
‘| Mr. Lubin said “higher prices were | reported for 56 of the 84 foods in- | cluded in the bureau's index. “The continued .rise in meat costs was the largest factor in this| ad- | vance. Eggs also showed an! in-| crease, contrary to the usual 'sea- | sonal movement.”
NEW BOND ISSUES
| (By W. L. Lyons & go | Argentina. Rep 4s Assd Tel 4s 65 gu City 3l2s 64 B 45s 39 Cait Oro Pwr Celotex 413s 47 ent Maine Pwr 4s 60 ent Maine Pwr 2 25 66 inti & B .3%s’ om Canada 3s og Fla Power| 4s 66 Fla Power 5s :66 Houston Lt & Power 312s 56 Indpls Water 3'zs 66 Kansas P & L 4':s 65 Koppers Co 4s 51 eal Kresge Foundation 3!5s 47 |. ‘Los Angeles Rev 3s 67 Louisville G & E 3'25 66 Metro Ed 4s 65 Narra Elec 3lzs: 66 N Y City; 3s 77 N Y State Elec Gas 4s Northern State P 3! 25 67 Ohio Edison 37%s Okla G & E 4s 45 Okla Gas & E Inc J Otis Steel 4'25 62 Pac Lighting 4!5s Phila Eles.3!'2s 67 Sou Kraft 4!5s 46 Wisc G & E 3l%2s 66 Wisc Pum Serc 4s 61
CHICAGO PRODYCE
| Eggs—Market, steady: receipts, 38.083 cases; fresh graded firsts, 20c; dirties, 17'%2¢; clrrent receipts, 18':¢; checks, /17%c; storage-packed firsts, | 2134¢c; stor-age-packed extras, 22c¢; extra firsts, 20!zc. Butter—Market. unsettled: receipts, 10,B46 tubs; extra firsts (90-9!12 score), 29% 29%%c; eftras (92 score), 2912c: firsts. 28a 281zc; standards, 29'zc; specials, 39@ 30!zc. { Poultry — Market, steady..to firm: receipts.- 30 trucks: ducks. 14@16c; geese, 11c; broilers, 23¢i24c; hens, 14'>@18!2c: Leghorn hesn. 10@15c; old roosters 12'zc: turkeys, 14a 16c; fryers, 23 25¢; Spring chickens, 24@26c; barebacks, 19@21c Cheese—Twins, 15136 15 2¢; daistes, 153; |@16¢c; longhorns, 15%2@ 16c. | © Pofgatoes (old stocks)—Supplyv. light; |deImand. good} market, steady; Idaho Russet |Burbanks. 8R.604 2.85: Maine Green Moun- | tains, $2.20) U. S. Commercials, $202.10; Wisconsin ouna Whites, $1.80. (new | stock)—Supply, light; demand, moderate; market, Louisiana = Bliss Tri|umnphs, 143;
Arrivals, “ wy ry LOCAL PRODUCE (The pricés quoted are pald tor stock gathered in (the country, while for deliveries in Indianapolis the prices are 1 cent | Bigher. Eac full case of leggs must weigh | 55 pounds gross.) | Eggs—No. 1 strictly fresh, loss off, 15'z¢
| doz Heady breed fens. 5 lbs. and bver. 13c. | Leghorn hen Heavy breed broilers. + 1937 stock, 2 le ‘and over, 19c. Leghorn | broilers, 1937 stock. 2 lbs. and over. 17c, | Bareback broilers. 1937 stock. 2 tbs. and over, l4c: cocks, 7c. Geese. full-feathered and fat, 5c. Ducks. full- feathered and f fat. | 5 Ibs. and over. 6c | __ Butter——Creamery, Ng. 1, 35124836! -c; | No. 2, 321,@33c. Butterfat—No 30c; | No. 2, 28c.
FOOD on
CHICAGO, May 5. — Apples—Michigan | Delicious, $262.25. Sweet Potatoes — Louisiana Puerto Ricans, 60@@65¢. Carrots—Illinois, bu., T5c@8l. Spinach—Illica $l. Tomatoes—Florida, Cauliflower—California, Peas—Cadifornia. hamCelery—Florida, 10-inch
in world metal selling in metal
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Barber Co Barker Bros |... .: Barnsdall sed Bayuk Cigars Beatrice 25 Beat Cr 5 PIWW. 102% Beld Hem Bendix Avn |... Ben Ind Loan.. Beth Stee] .,.. Beth Stl 5 pf . Big Sanford Blaw-Knox Boering Air Bohn Al Br Borden .. Borg-Warner . Boston & Me .. Bdgept Brass .. Briggs Mig . | Briggs & Strat. Bristol My .... Bklyn-M T ... Bkiyn & + Tr. Bruns-Balke Bucyrus-Erie Budd Mfg . Budd Wheel Bullard caver 1 Ww
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Col Fuel & Iron 5s 1 lum Gas 38 .C fA : oi: 3/73 | Col Pi tures Vv c 2 W310. 66 78
303 Sip Cora 5'53 . 00 o ig .54 Sun AA . |’ BB 3 09iSup New, 58Tr ABB 74 Tr Ind .. 0 Tr 3 InC 23! 4 oil A 64! ” B 69 USEL&PA 2H BL..:
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Col Carbon Com Credit Com Crd cv Com In Tr Com Solv Somw & So ...- Comw & So pf. Conde Nast ... Cong Nairn Cons Edison Cons Ed pf Cons Film Conse Oil Con Rr Con Tex .oCons .Coal vte .. Container
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102 J — BIm1-T-TC000 mt a BOD mT =d i i 1 CO 1 pis iota Soh oooh
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17 "vig... .99 83'Well Fd.. 19.75
BANK STOCKS
(By Blyth & Co. ne) Bankers Trust .. Central Hanover hase National .. Chemical Bank & Trust . Guaranty Trust Irving Trust Manufacturers National City Continental .. First National,
Corn .. 583; Corn ty of. Coty Crane Co ...--. y ‘Rad send
"Boston . Shawmut 7432 National City Bank, Cleveland FIRE INSURANCE Aetna Fire American Ins. of Newark Baltimore American : City of N Y Insurance Federal Insurance Franklin Fire Great American Hanover Fire Hartford Fire Home Insurance National Fire “ile National Liberty { North .River { Phoenix Insurance
Crucible St Cuba Co Cub Am: Sug Curtis Pub .... Curt Pub pf ... Curtiss Wr Curt-W 9; Crown 2Z ler ‘pf104!: Deere & Co .. 132 Deere pf : 1 Deisel W G Del & Hud DL&W . D & RGW pf. : Dia Match Dist Seag Dixie. Vortex .. Doehler D Cast Dome Mines . Douglas Air
ire | . .. ; Westchester Fire
U. S. STATEME ENT
WASHINGTON, May 5.—Government expenses and receipts for. the current fiscal year through May 3, compared with a year ago: ar. Las
This Yea Expenses $ 6,342, 273, it 87 $ 6, 037, 070. 583. 74 Receipts.. 4,128,368,647.56 3,383 +2:.156 Deficit . 2.213.9 34ai1 Dia T Motor.. 19 31,421,994.056.883 10,231.322.046.53 Customs 326,803,283.00
East Kodak
..156% Eaton Mfg /
Onijons—(50-1b. sacks),
crates, [email protected]. $1.40; Texas whites, $1.55.
Texas yellows,
| Eiting Sch
Today's Purchase, Total Purchased, Seow Elec Auto L
‘Inac. Gold 29,655,248.17 601,776.845.95
86° "105 13591;
—A Hizh Low Close Changs 39% 79%
179 322 T4414 3s 121 4
40% 47% 46 3612 26 163% 80% 60 281 211; 6s
LEA 16 105 591,
Net
1734 pr 3 32% 74%, 31s 1244
40% 472
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PRICE INDEX AND COMMODITY QUOTATIONS
+ DAILY PRICE INDEX
NEW YORK, May 5—Dun &
weighted orice index of 30 basic commodities, compiled for the United Press (1930-1932 average 100):
essesess 149.50 | Year ago ......... 118.70 1937 high (April 5) 158.26 low
Yesterday Week 280 ..ceeeee 151.26 | Month ago ....... 156.13 | 1937
w .
— Jif #Following are the prices used in compiling the index,
Commodity— Wheat, No. 2 red (bu.)......... Corn, No. 2 yellow (bu.).. Rye, No. 8 (bu.)......... cesses Oats, No. 2 white (bu.)...... Flour, spg. pat. (196 Ib. sk.).... Lard, prime steam spt. (lb.).... Coffee, Rio 7s spt. (1b.).... Sugar, raw 96 test (Ib.). Butter, 92 score (lb.)...... cetes -Hogs, avg. most sales (1b.)...., _Steers, avg. most sales (1b.)..o0
$1.33 1.40 1.17% 5514 7.950 A147 09 0345 31% 1005 "40600 -
seesesn
secsegn
Today |
Today $ 1185 161% 45 1355 1.88
Commodity— ? Lambs, avg. most sales (Ib.)... Hides, native hvy. steers (lb.).. Wool, fine unw. combing (lb)... Cotton, Mid-Upland (lb.)...... . Silk, 13-15 deniers Jap (lb.)... Rubber, spt. smk. rib (lb).. Copper, electrolytic (1b.). Lead. spot (Ib.).......,. cersases Zine, spot (b.)......... vereenies “Tin, Straits spot (Ib.).....evese Silver. comml. bars (0z.)..... “es Steel, scrap. Chi. Pig Iron, Iron Age com. Coke, Connelsville (ton) Cement, dom. Portland (bbl)... Yellow Pine, 6-in. base (M. ft.) Douglas Fir. rough (M. ft.)..... Gasoline, tank wagon (gal.).... Crude Oil. 40 gravity (bbl.).... (Source of Quotes—Chicago: scrap and hides.
En s daily
1 060214 .06621% 56 45 18.75 23.25 4.60
2 95
ew
60.00 52.50 .090 1.2% Grains,
(Jan.
» 141.47
| Week Ago | 81.34% 1.4014 1.17 D615 8.050 1145 09 0345 .333% .1030 0619
Year Ago $1.0114 6514 5648 30's 6.200 .1085 0614 0372 28% .1010 «0340
(ton) ..
aM SEE
.216 3-16
Week Ago $ .1265 163% 45 1355 1.91% 2033 Jd4% 0602
066214
56 45% 19.25 23.25 4.60 2.25 60.00 52.50 090 1.2%
livestock, Boston: Wool. E. St. Louis: Zinc. Connelsville; Coke, Tulsa: Crude Cil, New York: All others.)
Year Ago $ .1125 Jd1% 34 1163 1.69 15 11-16 09% v5 0460 .0490 4634 4434 13.75 18.84 3.65 2.35 50.00 38.00 097 1.18 lard, steel
-MacAn & -F.
i
DOW-JONES STOCK AVERAGES
30 INDUSTRIALS FOARY. eres sssssisrenne ven BTL0Y Yesterday «....ceo00000000...176.30 Week 80 ....coooveassbonss.. 170.13 Month ago .....ec0 Year ago High, 1937, 194.40; low, 170.13. High, 1936, 184.90; low, 143.11. 20 RAILROADS Today ........ ereneneny ssasvs 59.05 Yesterday ceeesecennengeeees 59.41 Week 280 ..cccovecsessasesss 56.61 Month a0 ..ccecececstesces. 58.26 Year ago : High, 1937, 64.46; low, 53.15. High, 1936, 59.89; low, 40.66. 20 UTILITIES
—1.63 +1.71 —4.39 —4.91 +1.17
Yesterday ...ccecocvcesscecses Week ago Month 2g0 «..cceasessscsceens Year ago
High, 1937, 37.54; low, 28. 36.
High, 1936, 36.08; low, 28.63. 70 STOCKS
YeSterday ccccecesecsssionees Week ago Month a0 ...ccecseeccscnncs Year ago High, 1937, 69.67; low, 60.98. High, 1936, 66.38; low, 51.20.
sscssssssntssnesore
Net Low Close Change
Elec Boat 1133 11% 4 Elec & Music I 573 Y + Ya Elec P-& L .. 03 3 Ys BL $7 pf . A
Elk-H di:
-— Ya
fix H aoa
Evans Prod
Fair Morse Vieinis Fajardo Sug.... Fed Lt & T... 2
CR. Noh NS
Firestone T.... 33%, Firestone pf A. 102%, First N Strs 45 Fintkote Co. 343s Folsanbee ave 7 Food Mach ... 53 Foster Wheel.. 4612 Frept Suphur... 265s
NGI tn NRo Ne
— 10 en 00 dap
Gabriel A Gar Wood Ind.. Gen oe Gen Gen
Gen Gen Gen
LG oe
+:
Refract -.. Gen Thtre Eq.. Gillette S R ... Gi $5 p
ch EEE
Goebel Brew Goodrich Goodrich pf Goodyear Gotham Hos ...
[a . EEN
SL
-
Gt North’ pf’ HI Gt Nor Ore ... Gt. West Sug... Green 3 Greyhound Corp Gulf M&N .... 13 Gu M&N pf...
Hall Print ..&. 17 Harb-Walk ..%. Hayes Bdy .... Hecker Prod ... Helme “en
Hudson Mot Hupp Mot Hupp Rts
Ill Central Ind Ray . Inland St Insp. Cop .... Insshs cts Md... Inter R-T Inter Rub Inter Iron .... Int Agric . Int Agric pr Pf 59 Int B Mach- 156 Int Harv Int Har pf Int a Int Mer Mar .. Im
Vee):
« -
8D BNR RTN
Nic
FUEL
19 28%
! +
Jewel Tea Johns-Man
| +
73 7212 .13312 130 I er Kan C Sou 2334 Kelsey-Hayes A 1774 Kennecott 5612 Ee Stl Kimberly C . Kinney
re
Kroger a & B.
Lambert. Lee Rub Leh P Cem '.... Leh V Coal .... Lehigh V C bi. Leh Val RR Lehman ....... Lehn & Fink .. Lerner Strs .... Libby Mc & ™ L-O-F Glass ... Life Savers ... 27 Ligg & Mv B: 815 Ligg & My pf. 158 Lily Tul Cup .. 23% Lima Loco .... 66%
51 781 "8
++
hr
brett fl:
bs
Lone Star Cem. Long Bell A ... Loose-W Bis ... Lorillard : Lou G & E A Lou & Nash Ludlum Stl
ts
-
McCall Corp ... McCrory - . v McIntyre P’ McKeesport Moke: & R..
LiL +1]
14+:
Martin Parry . Masonite Corp . Mathieson
Mead Corp . Melville Sh engel . Mesta Mach Miami Cop ... Midcent Pet, vou Mine Stl
HEHE + 8 - .
Dl +
Mother Lodge. Motor Prod .. Motor Whi .... Mueller Br Munsingwr Murray
TYPEWRITTEN LETTER: AUTOMATICALLY TYPEC ADDRESSING & MAILING MU. T!GRAPHING STENCILS CUT MIMEOGRAPHING RU.ED FORMS ‘UP TO 14° X 20° TWO NOTAR: us
315 Merchants Bank Bldg, ~~ LI-6122
High Murphy Rts ...
Nat Nat C Ri Nat aif Nat Dep
FELL 4 HE
NYCStL pf eos NYE © Omnibus
N fmer pf N Am Avn N A Ed pf . Pacific Norwalk T oees
litle
Ohio Oil
+1111]
Outboard Mar. Owens Ill G..
Pac CG Pacific Ltg .|.. Pac Mills . Pac West Oil.. Packard Panhandle re Paramt Pict .. Para. Pic 2 pf.. Park & Til... Park Yeah, Parke Dav Parker iy Prf Parmelee Pathe Film Patino Mines.. - Peerless «
ii} |
1 33 217g 191% 2933 478
39 25% 5
abl ipl fd
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8 Pen GL Sor cts’ Penn R R.. 44 Peoria & East. Pet Milk Pet C Pfeiffner-Brew. . Pfeiffer Brw Rts
Phillips Pillsbury
Pond Creek Poca Port R-Am A.. Postal Tel pf... Press Stl Car.. Press Stl 1st ot 2
201s 19% 17% 11%
a
1712
Purity Bak eleieie
Quaker St Oil.
Radio .... Radio pf N. Radio-K-Or Reading Rdg 1 Reis Robt Reliable- Stores +3
Roan-Antel
Safeway St Jos Lead ... St L-S Fran . St L- 5 xe 2 oe Savag Pens Dist Schulte R .. Schulte pf Seab Air L
Socony Vacuum So Am : Gold So Por R
Stan Stan Oil N Starrett L Sterl Prod Stew War Stokely Br. ..... Stone & Web Sun Oil Superhtr Superior « Superior St uth Pa
Symng- -Gould C Symg-Gld xw.
Telzutogrph Tenn ey aes» Texas Tex Gulf. “Brod. Tex Ios = oe wis T & PC & O . Tev Pac Lt .. Thatcher Thermoid
Transamerica . Tr & West Air. n
Ce
20th Cent Fox p Twin Cy RT . 1 Twin Coach C.
Ulen & Co .... Und E Fish ... Union B & P Union. Carb Un Oil Cal Un Un Un Un
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—
Tank Aircraft Op Air Lines _.
0d gh oe 0D de Ga AR NA
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SEER ELL]
UnElCoal RtsWi Un Eng & Fdy United Fru Un Gas Imp on i Un Stk Y ke Xd,
daaad sR Le) 140)
ddadcaadddaa
134 381,
134 28%2
Vadsco Sales Vanadium
COMMODITIES
Orders Executed in Futures in all Commodity Markets
PRIVATE WIRES
W. L. LYONS & CO.
Estab. 1878
MEMBERS: New York Stock aro Stock
change. Chicago Board of Trade. Cincinnati Stock Exchange
40 N. Penn. St. L1-6563 Russell McDermott, Mgr.
|
Net Close Change -16 —1-32
CURTAILED HOG RECEIPTS RAISE PRICES 5 CENTS
Vealer Market Stronger Late In Trading; Cattle Sales Slow.
Hog prices responded slightly to a sharp curtailment in arrivals, the market ranging steady to 5¢ higher, according to the Bureau: of Agricultural Economics, U. S. Department of Agriculture. Weights below 160 pounds showed the advance, top rising to $10.30. Trade was slow in getting under way, sellers making a long stand for a 5-10c upturn. Sows were steady, bulk at $9.15 to $9.60, with good lightweights upward to $9.65. Hog receipts were estimated at 5000 head. Sluggishness again dominated the trade in fed steers and year- | lings. Early sales were steady to weak, but before a clearance could be realized values promised again 50 decline 25c in extremes. head steers sold up to $14. Heifers, cows and bulls sold steady, the supply of heifers being very small. Odd head touched $10.50., Top on sausage bulls held at $6.75. Veal Sales Strengthen Early indications were that vealers prices would be about steady with Tuesday, but after trading got under way, a strong market - developed. Good to choice Kinds cashed from $9.50, to $10. Not enough lambs were on gal today to - establish a. magkes Slaughter sheep moved, at steady rates. A $5.50 top was established on wooled slaughter ewes, with clipped descriptions reaching a high of $4.
Receipts 7000
5. . Light Hs (140-160) Good znd
LahtweiE (160-180) Good and
Mediu (180-200) Good mi Medium Medium Weights— (200-220) Good and (220-250) Good and Heavyweights— : (250-290) Good (290-350). Gooa Packing Sows—
choice..$ [email protected] 8.50@ 9.55
[email protected] 9.00 10.00 . 10.006210.25 [email protected]
10.10@ 10.30 [email protected]:25
10.00@ 10.20 [email protected]
9.50@ 9.65 9.25@ 9.50 9.15@ 9. 5
8.25@ 9
8.25@ 9.50 7.25@ 9.00
choice . choice. .
choice. . choice...
Th —Receipts, 1200— (550-900) [email protected] 9.2501 11.75 8.00@ 9.50 .. 6.50@ 8.00 . 11.75@ 14.00 9.5061 12.50 [email protected] . 17.00@ 8.25 12.50 14.25 . 10.00@ 12.75 8.25 10.00 12.5560114.25
(900-1100) ; G
(1100-1300)
(1300-1500)
(500-750) $10 [email protected] 6.50@ 9.50 [email protected] 6.50@ 0
(750-900) Good and choice.
Common, medium.
Choice : Good Common and medium . Low cutter and cutter... Bulls, good Cutter, com. Vealers —Receipts, 700— Good 2nd choice [email protected] 7.50@ 9.00 4.50@ 17.50
Common, mediu 5.00@ Feeder and Stocker Cattle : (500- 800) Good and choice..$ 7 Common, medium. (800-1050) So and choice. . Common, medium ( Heifers— | Good and choice Common and medium SHEEP AND LAMBS —Receipts, 200— Shorn lambs Choic $ [email protected] 8.75 9.75 7.75@ 8.75 7.25@ 17.75
4.50@ 5.50 2.50@
FEDERAL INCOME GAINS
WASHINGTON, May 5.—With almost two months of the 1937 fiscal year remaining, the Government's income has exceeded that for the entire fiscal year 1936, the daily Treasury statement for May 3 showed today.
on ER (90-175) Good and choice . Common, medium.
: Net, High Low Close Change Van Raalte .... 404 40 40! 11. Vick Chem Bi: Bn Ar I Va-Caro Ch .... & 37% 1 Va-Car 6 pf .... 571» ;
2 | Virginian Ry pf 126
Waba
sh : Wabash pf A
Waldorf Sys ... Walgreen
Ge 0) ml) ee RRND CN kD 3
Westing El .... Wheel Steel
bb - © a we
_—~
Worthington ... Worthing pf
Young Sheet
Zenith Rad
. 361s 3534 Zonite 63g 1
Odd |
4.50 |
5 | date
| loads,
N. Y. Bonds
By United Press BOND PRICE INDEXES
1926 average equals 100 20 20 20 Inds. Rails Util 92.1 95.3 102.4 e918 942 101.8 . 92.2 95.8 102.6 90.5 90.3 104.6 years ago. 87.4 76.0 91.5 high . 95.0 101.2 106.0 91.6 94.2 101.8 948 100.4 106.2 1936 90.0 84.7 103.5 1935 91.4 86.4 103.6 1935 83.6 71.0 89.3 83.0" (Copyright, 1937, Standard Ss Co.)
60 Bonds 96.6 95.9 96.9 . 95.2 87.0 100.7 95.9 100.2 93.3
Yesterday Week ago Month ago ... Year Two 193% 1937 1936
° U. S. GOVERNMENT BONDS Treasury Bonds
1944-54
Federal Land
July 1958 45 ... Jan. May
May Nov.
. 38 . 104'2 1.18 night and tomorrow; sHohtly Bi to-
U. 8S. Certificates Bid Ask Sept. 3'as '37.. 10 5 101.7 Feb. 23s '38... | 101.18 March 3s ’38... eee 102.7. 102.9 June 2% '38 : 102.15 2las ’38 102.7 100.23
Yield 0.50
tesseece
> w w
Flt od nk pd pd fh pt © OD
3s 3s 1 0 102
Home Owners Loan ‘Bonds
3s 1952 |. 1385; 1 19 14 23s 1949 .. 35 .28
DOMESTIC os
High Alleg Corp 5s 49....... 93 Atl Coast L 52..... B&O 4!%s 60 Beth Stl 4!4s 60 Can Pac deb 4s perp. Cent Ill El 5s 51 Ches & Ohio Bias 96.. Chi East Ill ChMStP&P 2 5000 Chi 3 W 433s 49. Chi R I ref 4s 34 ct C 1
Erie ref 5s 67.... Goodrich 6s 45 . Gt North 4les E17 11.
Hud Man ref 5¢ 57. Int Gt N 1st 6s Int Hy El 6s 44 Int T & T 42s 52 Int T & T cv 4'2s 39... Leh V RR 5s 2003 McCrory S 5s 5 McKe&R 5'2s 50 Mo Pacif cv 5's 49..
N Y Edsn 4Ys 66
Penn R R 33s 70 Penn R R 4's 84 Philippine R 4s 37 .... Postal T & C 55 53 ..... St LS F 4s A 50
Texas Cor 3'2s 51 Foreign Bonds
102
gh Low Close Argent 6s A 37 101 11- 32 Hol 11-32 101 11- 32 Brazil 62s 26-57 3814 Canada 4s 60. . Canada 3%s 61 Chile 6s 60... Italy Ts Bl .. Japan 6'2s 54 Peru, 6s 60....
LOCAL ISSUES (By Indianapolis Bond & Share Corp.) The following quotations do not repre-
sent actual bids or offerings. but merely indicate the approximate market level.
BONDS Ask “102
105 106Y%2 1
Bid Citz Ind Te (TH) 4} ts ‘61 ...10 H Tel & Tel F '59 Ind Assoc Tel 4Y2s ’65 v Indiana Tel Co 5s '60 Indpls Railway Inc 5s or Indpls Water eo 32s ’66 inetrstate Tel & Tel 5%s ’53. Kokomo Water Works 5s ’'58. Morris 5 & 10 Stores 5s '50 .100 Muncie Water Works 5s {3% Noblesville H L & P 62s '47. hio Tel Serv 6s ’47 Richmond W W 5s Seymour Water 5k 5s '49 {fH Trac & L § T H Water Lo 3s '56 T H Water Works 6s '49 Trac Tefm Co 5s '57
STOCKS
Belt Rallroad & St Yds com.. 58 Belt Railroad & St Yds .pfd.. 58 Cent Ind Pwr pf Ts 3212 Home Tel & Teh Ft Wayne / Hook Drug In 18% Ind & Mic Ind Gas Co com Ind Gen Serv Co 6s Ind Hydro Elec Co Ts Indpls Pwr & Lit Co p
d 6 | Indpls Pwr & Lit Co bid 6'%s.
Indpls Water Co pt : Linco Natl Life Ins Co co Ind Pub Serv Co pfd 5%2s.. 7 N nd Pub Serv Co pfd 6s ... N Ind Pub Serv pfd Ts P R Mallory Co com Progress Laundry Co ......... Pub Serv Co of Ind 6S ....... Pub Serv Co of Ind Ts ... ' Smith-Alsop pfd vias Smith-Alsop com ; Terre Haute Elec Co 6s. 101 Van Camp Van Camp Milk Co com *Ex-Dividend.
CHICAGO LIVESTOCK
CHICAGO, May 5.—Hogs—Receipts, 15,000, including 5000 directs; early market, fully steady with yesterday's average; few choice hogs, 5c higher: early op, $10.40; market now slow; bidding wea to 10c lower; bulk good and choice 200-300 Ibs., $10. 15610.30; 150-190 1lbs., [email protected]; packing sows, mostly $9. 50@9. 80. Cattle Receipts, 9000; calves, 1500; largely steer run; market on killing yuality improved; bulk of crop grading good and better: more weighty steers in ran than recently; cows, very scarce; fat steers and yearlings, very slow; prospects, 15 to 25¢ lower; most downturn on strictly good and choice offerings with weight;. liberal Sup: ply 1050-1150 1b. long vearlings and light steers here, these 25¢ lower for the week to and under pressure again today; rime weighty, bullocks sold at $15.75, few [email protected]; comparatively little below $9.75; bulk crop unsold; very liberal share of run without bids; fed heifers, steady; best light offerings, early, $11; choice koshers with weight promised to sell above 812; cows, steady to strong; bulls and vealers at $7 down and $10.50 down; mostly $10 down respeciively. Sheep—Receipts, 3008, including pone direct; fat lambs, opening slow; carly market undertone’ strong; strictly choice wooled lambs, scarce; “best availaole held above $12.25; early bids, $12 and down; one load merely good 76-1b. clipped lamks, $9.75: sheep about steady; few wooled ewes, $6@ 6.50; most shorn ewes, $5 down.
FT. WAYNE, May 5. — Hogs — Market, PE 1bs.,
53 56 13% 15%
1bs., $8.45; roughs; . stags, $7.75. Calves, $9.50. Lambs, $11.50. LAFAYETTE, May 5. — Hogs—Market, Steady to *10c higher: 210-235 lbs.. $10.15@ 10.20; 235-275 [email protected]; 275-325 lbs. [email protected]: 802510 1bs., « ; 6 180 1bs., $9.8069.90: $9.50; 130-150 1Ibs., $8@ 8.50; roughs, : . Calves—$9 down. Spring Lambs—[email protected]: wooled lamhs, $11 down; clipped lambs, $10 down.
+
NEW YORK CHICAGO TORONTO SOUTH BEND FT. WAYNE “EVANSVILLE ‘BOSTON CINCINNATI
Indianapolis Office 200-214 Circle Tower
Thomson & McKinnon
New York Stock Exchange
New New New Chicago Stock Exchange Chicago Board of Trade Winnipeg Grain Exchange
MEMBERS
York Curb Exchange York Cotton Exchange York Coffee and Sugar Exchange Orleans Cotton Eschange
And Other Leading Exchanges
L1. 5501
93.1 |
‘fat one time.
MAY LONGS FAIL
i |
TO STOP WHEAT RISE AT AT CHICAGO
American Market Follows World Trend; Corn Also Advances. By United Prose CHICAGO, May 5 Wheat prices
mounted sharply on |¢ e Chicago Board. of Trade today, spurred by
6 the strength in Liverpool and the persistent lack of fain in the dry
area of the Southwest and the Canadian West. : At the end wheat was 3% to 1% cents higher, . May, | corn was up % to 1% $1.30%; new corn wa
were unchanged to up 49° cents. Gains in wheat were soon trimmed by May longs who seized the oppor=tunity to unload, but the market maintained part of the advance,
| closing firmer.
Liverpool was over 4 cents higher There was a report that Germamy was negotiating a loan to buy foodstuffs. | Buenos Aires and Rotterdam were both higher. ‘Winnipeg was strong. Rains fell in portions Valley, neglecting ‘the grain belt. Corn was directed by the action in wheat. Trading was light and mostly of a local origin. Buenos. Aires was firm and Rotterdam closed higher.
of the Ohio rest of the
spected here today were whéat 8 cars, corn 32, oats 29, rye 3, bars ley 22, and soy beans none.
CHICAGO GO GRAIN
RANGE High
Prev. Low | Close Close
.$1.28% 181:29%; $1.28%a 1.1815 | 1.19% 1.17% 1.15% ‘ 1.17% 1.16 1.31% | 1.18%
| 1.75b 1.7334 173%b 172%
11.45 1.82 2.12 ew;
11.50 11.85 1237 **Old.
11.45 |
Sep 112.22 12 10 | Pr bBid; nNominal; *
CASH Wheat—No. 1 hard, $1.34%:: No. 1 northe ern, $1.34'2. Corn—No. 3 mixed, $1. Sen No. 3 yellow. $1.37%[email protected]: No. 5 yellow, Sas Nod white, y é ite, . Oats—No. white, 2 White, 55Ya@55%c; a so No. 54%c; No. 4 white. 51%2¢] ye—No sales, Barlev—Feed, quotea 700 850: malting, quoted $1@ 1.28. Timothy Seed—Quoted. $4.25@ 4.50. Clover . Seed—Qubted, $26 @ 32. Soy Beans—No sales. Cash Provisions— Lard, $11.42, nominal; loose, $10.80, nomi=
nal; leaf, $10.7 i 4 nominal, $10.75, nominal; bellies,” $15.75,
WAGON WHEAT City grain elevators are paying $1.26 No. I red wheat, other grades on Bd
merits. Cash corn, new No, 3 yell
Oats, 48c. Hdy—No. OI aa
1 timothy. $1015. 50.
ARGENTINE GRAIN BUENOS AIRES, May 5|—Grain opened irregularly Foul, [Wheat"May: $1.24%, up Jac; July, $1221 Yc. Corn —May, 555 8C, Up sci July, S50kc, up Ye,
Oats—May ,#31c, unchan — $1.35%, up’ Ic; July, $1.36, con i Va
WINNIPEG i
Jul $1.30 o 52%
1.3973 «1.21
BW YOR — irregular K, May 5. a exchange ngiand (pound) 4.93 — Eng. 160-day pi rate) 4. 92: 8 2 “he k 1- 18 Canada (dolla 1.00 7-32 +-.00 1-64 445 —.0000 9-10
France 2 -+.0000%
Italy Belgium .168 ermany (mark) ..... .4021 g Germany (travel mark) 2340 : 3 Switzerland (franc) .. 2288 Holland (guilder) Spain (peseta) .. Sweden (krona) .
(pound) Aa] (shilling) Czechoslovakia koruna)” 349
Finland (marker. : = Greece (drachma) .... 00894 Jusosiavia ai ot Sinan eala (poun Poland (zlot b a hd oa Portugal aol Rumania (leu) . Argentina (offl. peso) | . Argentina (unofl beso) . Brazil toffl milreis) . Brazil (unoffl milreis). Chile (peso) Peru (sol) Uruguay (peso) ‘ Mexico (silver peso) i... Hongkong (dollar) .... .3071 Shanghai (yuan) ..... . India (rupee) 3729 | —.0001 Japan. (ven) ...... .-. 2877 | —.0003
MNES Ake
NEW YORK, May 5.— mained unchanged today Banker's Acceptances — 30 7-165-: 60 and 90 days, Sg@9- 16% days. 3:@53%,; 150 and 180 days, Tot Commercial Ta and b0°% names, 1% ime Money— and 90 days, 1%.%; 150 and 180 days, 10s. | [YY 27% i, Rediscount rate at New York, 112%. J pIANAPOLIS: CLEARIN HOUSE Clearings ‘...34 Debits
Days, %L@
SAFE DEPOSIT BOXES
Reasonat le Rental
Security Trust Co. 130 E. Washington
AN IW
rrr NA
Receipts of grain ‘officially in-
Money rates ree
3