Indianapolis Times, Indianapolis, Marion County, 15 May 1937 — Page 11

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SATURDAY, MAY 15,

1937

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COMPLETE N. Y. EXCHANGE STOCKS

THE INDIANAPOLIS TIMES

The Times Financial and Market Tre

COMPLETE LOCAL

= LIVESTOCK

MARKET LEADERS BEGIN SLIDE JUST “AS TRADING ENDS

Ww oh Vacation |

Lightens Interest In Markets.

By United Press NEW YORK, May 15. — Stocks moved irregularly on the Stock Exchange in the short session today. A majority registered advances until just before the close when leaders slipped back. Bonds were mixed with rails higher. Grains and cotton

advanced.

London markets were closed for Whitsuntide and as a result there was little interest in American markets. Business news continued favor- . able, especially on steel operations, which were scheduled to rise next week in several important areas, notably Pittsburgh. The Street :lso was encouraged by remarks of Col. Leonard P. Ayres, Cleveland economist, who said both volume of business and total profits probably will be greater in the second quarter than in the first. Despite good steel news, steel shares moved in a narrow range. Railroad issues were higher although trading was. light. Non- , ferrous ‘metal issues were fractions to a point higher. [Fractional advances were: noted in oils. Farm issues improved. Mercantile and airplane issues were steady. The market community continued cautious. It was worried over prospect of higher margins. In addition, some British market difficulties were anticipated when London markets reopen Tuesday. It was said the worst phase of the recent fortnightly settlement in London was held up until after coronation ceremonies.

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS : 750.45 +1.69 —0.35 —0.21 —0.18

Yesterday Week ago Month ago Year ago ¢_ High, 1937, High, 1936,

194.40; low, 167.46. 184.90: low, 143.11.

20 RAILROADS Today

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

64.146; tow, 53.13. 59.89: low, 40.66. 20 UTILITIES

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

37.54; low, 20.17%. 36.08; low, 28.63. 70 STOCKS Today ....dccsinovinivchv, Yesterday Weck aso Month azo Year ago High, 1937, 69.6%: low, 60.25. High, 1936, 66.38; low, 51.20.

FOREIGN EXCHANGE ad YORK, May 15.—Foreign exchange

, Closing Cabie Rates Engtand (pound) .. $4.94%s Eng. (60-d. bill rate) 13510 Canada (dollar) France (franc) Italy (lira) Belgium (belga) Germany (mark) Ger. (travel®mark) - Switzeriand (franc) Holland (guilder) Spain (peseta) Sweden (krona) Norway (krone) Denmark (krone) Australia (pound). Austria (shilling) .. Czechossovakia tkoruna) Finland (markka). Greece (drachma) Jugoslavia (dinar). New Zeal, pa: Poland (zloty) Portugal t(escudo).. Rumania f(leu) .. Argen. (ofl. peso). Argen. (unofi. peso) Brazil (ofl. milreis) Brazil (unofl. milreis) Chile (peso) Peru (sol) Uruguay (peso) ... Mexico (silver peso) Hong Kong (dollar) Shanghai (yuan) India (rupee) Japan (yen)

~ 1 CHICAGO PRODUCE Eggs —Market, steady; receipts, 39,028 cases; fresh graded firsts. 203ac; dirties, 23'>c; current receipts. 19%2c¢; checks, 18c: storage- -packed firsts, 23c; storage-packed extras. 22%c; extra firsts, "21Y4c. Butter—Market, weaker; receipts, 16,277 tubs; extra firsts (90- 9115 score), L9@ 29%.c; extras (92 score), 30c: firsts, 30%c; standards, 29c* specials, 3022 @3lc. ultry — Market, - quiet; receipts, 22 Tri ducks, 146 16c: geese, llc; broilers, 2362 24¢; hens. 16% @17c: Leghorn hens, 10 @13%2c: old roosters, 12c; turkeys, 1324: 16c: fryers, 25@27%c: spring chickens, 26 @29c; barebacks, 20@22c. Cheese—Twins, 15% @ 15%,c; daisies, 153% @16¢c; longhorns, 1535@16c. Potatoes (old stocks) Supply. moderate; demarvd, fair: market. irregular; Idaho Russet Burbanks, , 52. 2512.85; Washington Russet Sarals Ren 25: Maine Green Mountains, $2.1 S. Commercials, $2; North Dakota SS $1.90. (New stock). supnly. oderate; demand, slow; market, weak; Louisiana Bliss Triumphs. $2.250 2.75: No. 1, [email protected]; Alabama Bliss Triumos, $2.35: No. 2, [email protected]: Mississipoi Bliss THE; $2.35; California White Rose: $2.65012 sPrrivals, 1060 ‘on track, 238; shipments,

BANK STOCKS

(By Blyth & Co.,

Net : Change A

.00 5-32 oid 7-16

3.9874 .1900 .0450 0074 .3296 .3045 .08801% L533

2209 -5600

Bankers Trust Central Hanover Chase National Chemical Bank & Trust Guaranty Trust Irving Trust : Manufacturers Trust ......... § National City Continental, Yohicage First National. Boston : National Shawmut, Boston National City. Cleveland . - FIRE INSURANCE Aetna Pire American of Newark.. Baltimore American Yor

Great Hanover Hartford H

in : American

National ‘Fire we National Liverty North Riv

FOOD PRICES

Ales Michigan 278) Saity otatoes—Louisicans, $2.65. Carrots—Illinois, bu., 85c@8$1.10, Spinach—Illinois. bu., 50¢ toes—Florida, lugs, $2@4. flower — California. crates, $1.60¢c1.65. Peas—California, hampers, $2@2. 10. Celery —Florida. 10-inch crates. $1.75@ 2.75. Onions (50-1b. sacks) — Texas Yellows, $1.45; Texas Whites, waxed, $1.60,

‘Cauli-

# ”

MARKETS AT A GLANCE

Stocks irregular in light trad--ing. Bonds irregularly higher; U. S. Government issues higher, Curb stocks irregularly higher, Chicago higher. Foreign exchange firm in relation to the dollar. Cotton about 50 cents a bale higher. Rubber barely steady. Grains higher; Chicago wheat up as much as 1753 cents a bushel. Livestock—Hogs, cattle, sheep steady. Silver bars in London off 1-16 at 203: pence a fine ounce.

Chicago Stocks

By United Press

stocks: irregularly

Close Am Pub Serv pf ...... 65 Armour _& Co Athey Tr Allied Lab Berghotf “Brew Borg Warner Berghoft B rts WwW A

C Corn cv Pf Ry cts Chgo Yel Sat Cities Services Chi Towel Ccnsumers Cord Corp Cudahy pf Dayton Rubber Decker & Cohn .... Elec Housend

Goldblatt

Heileman Brew Hupp t Hip

Inland Stl rt Jetferson EL : Mellogs Sw Bd Ken-Rad Tube Kingsbury Br Keriyn Oil A . Leath Co Libby McN & L Lion Oil Ref ... Leroi Co . Marshall ae,

Monroe Chem ..... Monroe Clie pf Nat Rep Inv pf Nor’ W Ut pr lien Perfect Circle Potter Co Process Corp ... Quaker Oats ... Rollins Hos cv p Sta HDSedeine is Stan Dred pf . Sunstrd~Mch T . Swift & Co : Swift Intl .. Cera Utah Radio Prod Utility & Indus Walgreen Co Zenith: Radio

Cort Trt

Net High Low oR: _ Change Alum Ltd / 1 ies Alum oan... +1 Am Air ._.. .... 21% 217 a — 33

MY ov Can Marconi ... Carrier Corp ... Centrif P Cities Serv '.. Cities Serv pf .. 50 ColO & GN .. Con Cop Mns ..

Grd Nat Films. St Nor Paper .. ulf O 5.

Humble Oil 76! Hl Ta P & L pf 2915 Imp .. 213; rar An 1) Mesabi Iron .., Mich Bumper .. Molybdenum al Nat Rib M . . Niag H P ver 128% Pitts Pl Gl ven J 18 Prudential In i Root Petro Rustless 1 & Stl 1634 Segal Lock New 23g Sizer Miz ey Sun Ra

ob NL viriiie Tilo Rf . G Corp

Pa. 5%

NEW BOND ISSUES

(By W. L. Lyons & Co.) Ask Argentine, Res! 4s 72.. 5: As Tel 4

9 . "i Cait oro Pwr 4s 66........ ess 92 Crlotex 4'>s 47

Fla Power 4s a6 Fla Power 5s 66 Houston Lt&Power 314s 66 Indpls Water 315s 66 Kansas P&L 415 28 65 Koppers Co 4s 51 Los Angeles Rev 315s 77 Louisville OF 3 2

¥Y State Elec Gas 4s 65 North State P 3%s 67... Ohio Edison 2s 72... Okla GE 4s Okla G&E So 334s 66. Pac Livhtine 414s 45.. Phila E'ec:3'2s G67..... Sou Kraft 4'5s 46 ... Sou Bell Tel 3las 62. Wisc G & E 3 Wisc Pub Svc 4s 61

CAPACITY OUTPUT NEAR WASINGTON, May 15.—Boulder Dam will begin power generation at its full production capacity June 1, Secretary of Interior Harold L. Ickes had announced today.

Today 147.85

Yesterday ........ 147.55 |

Following are the prices used

Commodity— Wheat, No. 2 red (bu.)........ Corn, No. 2 yellow (bu.)........ Rye. No. 2 (bu) Oats, No. 2 white (bu.)....... .e Flour, spg. pat (196G-1b. sack)... Lard, prime steam spt. (lb.).... Coffee. Riv 7s spt. (1b.)........ Sugar, raw 96 test (1b.).......0 Butter, 92 score (lb.) Hogs. avg. most sales (lh.)... Steers, avg. most sales (Ib.)...,

’

Today SL314 1.313% 1.18% S515 %.400 A207 094 0338 33 .1060 0600

Air-Way El Allegh Corp

Allis-Chal Amal Leath

Am Tom

Am Type F Am Water W Am Woolen .

Am. Zinc Anaconda Arn x Cap

Atchison Atl C Line

Atl Ref Atlas Avn Corp

Bald Loco

Barnsdall Bayuk Cig Beatrice Cr Beatric Cr 5 Bendix Avn

Big

Blaw-Knox Boering Air Bohn Borden

Briggs Mfg Briggs & Str Bklyn-M T .

Bucyrus-Erie Budd Mig

Butler Rutler Butte Byers, Byron

Call Zinc Campbell Canada Dry Can Pacific

Caterpillar Celanese Gon Fdry Cent RR N Cer i, Pasco. Certain-teed orn

11 Chrysler City

Colgate- Pr’ Col & Aig Colum Br

Crosley Rad | Cr Cork

Crucible St Crucible OI; Cub-Am Curtis Pith Curtiss-Wr Curt-Wr A

Dee Bore Deisel

nf w

Det Fis

Dist Seag Nome Mines Douglas Air Du Pont

Fast Kodak Elec Boat

Fed Fed Fed Fed Fed d

Fi hen Firestone T

Florence St Follsanbee Food Mach

r Gen Thtre Gillette S Gimbel Bros Gimbel nf

Year ago Week ag? «....... 149.04 | 1937 High (April 5) 158.26 Month ago ....... 15243 | 1937 Low (Jan. 29) 141.47

in compiling

liden Gobel,

APW Paper .... Adams Exp .... Adqrossozfont :

Ben Ind Loan ..

a A Net High. Low. Close. Change. 178

1612

Allied Chem ... Allid Stores ... 151%

Allen Indust ...

Am Tobacco ... os 1 Tob pi... 5 14

Am Woolen pf..

Atchison pf ....100

is ito oi

Bald Loco as .. Balt & Ohio ...

pf 103 Pl 19% 2012 51

Black & Decker 28%

Borg Warner .. Bdgept Brass ..

Bklvn-M T of . 80 Bklyn & Q Tr..

Budd Wheel ... ‘| Burrughs W . Bush Term ....

A. M....3 Jackson Calumet &_ H Carriers & Gen

& Ohio .. EHiof. 1 West. .

Com Credit ....

, 130 15 + 10 +1 31 3

& 5 Crown Zeller .. 8 ver 60

Pavesa cum p! 2014 & Co

137%

a D&RG W pf Dia Match...

X 211! Dist Sess nf ww ass

East R Mill .... Elec Auto-L ...

| First N Strs.... Flintkote Co 3

Foster Wheel .. Freept-Sulphur. 25

Wood Ind.. 2 eva 1)

Adolf ..

Goebel Brew ...

Wael Ago $1.307% $ 38% 2034 5314 7.850 A125 091% 0345 3334 1005 0590

116.84

the index:

Ago 96%

653%

59% 2914

5.775

1027 061% 0372 2% 0940 0550

30 27

17a

16%2 30

= > F RadioCotpamer. Mother Lode . Sind Brands .. N Y Cant 45 u Warner Bros ...

2Y; North Pacific . - 34% Gen Elec Curtiss Wright . Socony Vacuum 18%

ei! |

Saturday.

FINAL NEW YORK STOCKS

By United Press

Low . Clo en

Transactions approximated 000 shares, compared with 290,000 shares last Saturday. actions approximated 96,000 shares, compared with 118, 000 shares last

SIXTEEN MOST ACTIVE STocks

se Change 97s 3%

sein,

340,-

Curb trans-

P14

Goodrich Goodyear

Grevhound Crp Gryhnd 5'2s pf Guant_ Sug ....

cA ALL EE)

Hall Print

see

Hupp rts . -

I Central .... 291; pd aay 4

em st rts... Insp Cop .. 208 Insshs cts Md . RT...

Jewel Tea ..... 768 Johns-Man ....1271% Kan C Sou ... Kelsey-Hayes A. Kennecott . Keystone Stl Kresge SS . Kroker G & B.

+ +H

| J+

Lone Star Cem. Long Bell, A... Lorillard Lou Ludlum Stl

McCrory McIntyre P McKeesport McKéss & McK & R pf. McLellan st

1 =

ph +

1 i

ati Sug Man El mod gtd -Maracaibo xx : Marine : Marlin Rck .... Marshall Fld .. Martin Parry .. Masonite Corp .

si] lt

Midland Stl ... Minn Hny 9 Minn Moline .. » SP SSM on M SP SSM pf.. Mission Corp .. Mo-K Tex Mo-K Tex pf Mo Pacific. Mo Pac pf .... Mohawk Cp Monsanto Mont Ward .. Mother Lode Motor Prod Mueller Br Murray . Myers Ye Br...

C41

el]

s 2803

ty i

H.. 185% : a 2393 - 10Y; 341

iii

Norwalk T

Ohio Oil Otis Elev Otis Steel

Pac Am Fis Pac & Pacific Ltg Pac pest oil.

pEetite lL

Parke Davis ... Parker Rust Pr.

Pen & Penn D Penni RR Peoples Gas ... 4 Pfeiffer-Brew . Ph Read C I. Phil Morris. . Phillips Pet ...

[+1] +++

1+:

Pond Creek Po Poor B 25

Port R-Am A. Port R-Am B . Postal Tel pf.. 4 | Pres Stl Car...

[+++ 1 1+]

2Y, . ui 253, Rem-Ra pf w Reo M p we

Republic Stl ... 34%

Commodity— Lambs, avg. most sales (lh)... Hides, native heavy steers (lh.). Wool, fine unwashed comb. (lb.) Cotton, Mid-Upland (lb.) Silk, 13-15 deniers Jap (1b.).... Rubber. spt. smk. rib (1b.)..... Copper. electrolytic (1b.)........ Lead, spot (Ib.).......... csreven Zine, spot (1b.). Fin Straits, spot (ib.)....... os ve Silver, comml. bars (oz.)....... Steel, scrap, Chi. (ton) 1 Pig Iron, Iron Age Comp. (ton). Coke, Connelsville (ton) : Cement, Dom. Portland (bbl) .. . Yellow Pine. G-in. base (m. ft.). Douglas Fir, rough (m, ft.)..... Gasoline, tank wagon (gau).... Crude Oil, 40 gravity (bbl.).... Source of Quotes—Chicago: scrap and hides. Boston: Wool. nelsville: Coke. Tulsa: Crude s

Today 1235 Jd614 Al 1326 1.8315 20%, J4

S53 451% 9.25 23.25 4.60 2.23 60.00 © 52.50 090 1.27

Grains,

060214 066214

East St. Louis: oil. New York:

Net oy clo Change

hs G3 DN) UY CD BD = 80 Ci ASRS uUAS

31: 3 1-16 1-32

294

76 12742

2212 1612 53% 6

23%3

Week Ago 1200 16% 43 1358 1.84 2214 a1 060214 0662145 53% 45 18.25 23.23 4.60 2.25 60.00 52.50 .090 1.27

livestock,

Zine.

Dane ORR RCN

seb ee

. 124

TE pl ee

| +2

SHEE

PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX NEW YORK, May 15.—Dun & Bradstreet’s daily weighted price index of 30 basic commodities, com--piled for the United Press (1930-1932 average 100):

Year Ago A145 A114 31 A152 1.624% 151-16 £94 0469 099 47 A3% 13.23 18.84 3.65 2.53 50.00 38.00 092 1.18 lard, steel 1 ConAll others.

Net High Low A Close Change Re Me cu cv piigzys

Rey Spring Rey Tob B .

$ Socony-Vacuum 50 Am Gold ... S50 Cal Ed ... South Pac South Ry . 37s 50 Ry pf 47% Sparks Wi Aas 5% 5% Spear & 20Ys —20Y Sperry-Corp . 4 Shice! Mig .... , sh Br Inc .... randy .... 1 nC Tob ....

ge E G & E of O Cal .... 43 - Oil Ind’ “a Ss Oil NJ .. Starrett L S ... 4 Sterl Prod . Stew-War Stone & Web Studebaker Sun Oil Superhtr Superior O .... Suth Pap .. Swift & Co .... 24 Syming-GouldCp

—TT 1235 59% 1 362 .« 133 «11 9% 43

16%

- Pr

+ +H

12%

Tenn Corp 587, 78

Texas Cor Texas Gul G Sul

36 12% 1 D4 4Y3

36 10 va 10% lm

Ulen & Co .... 3 2%8 Und E Fish ... 802 Union Carb. ...100 Un Qil Cal .... 24% Un Pacific ....145 Un Aircraft cp 24% Li . 13%

Twin Cy R T

Un Un United Corp United Cp pf. 41 U . 12%

Woolworth Worthington . 35%, Wrigley 7 White ‘ss’ Dent. 231%

—y— 21% 83'2

Yellow Tr ..... 22 Young Sheet .. 84% —Z— 35

Zenith Rad .... 35

COMMODITY PRICES

(By Abbott, Proctor & Pajne) COTTON New York

March Spot, 13.76; up. 8. New Orleans

December

New York Cottonseed

. High Low 530 2.55

High Low

July... ...v0..... 248 241 September 2.47 246

November

Close 22

LOCAL ISSUES

The following quotations do not repre- | t sent actual bids or offerings. but merely indicate the approximate market level, as furnished by the brokers named. (By Indianapolis Bond & Share com BONDS TH) 4%s '61. oa Ind Tel ( ) so Be I& T el Ft W 515s '55. . H Tel & Tel Ft W 6s '43 Ind Assoc Tel 4Yzs Indiana Tel Co 5s '60 Indpls Railway Ins 5s '67 Indpls Water Co 3728 66

tate Tel & Tel 5's '53.. inters Water Works 5s '58..

105 106% 106 100 68 100%

Munci Nobiestille HL &P hio Tel Serv 6s YA WwW W 5s Cu Seymour Water Co 5s 23. T H Trac & L 5s 44... T H Water Works 5s 56. T H Water Works 6s°’'49 Trac Term Co 5s ’57 . ve Kuhner Packing Co 4Yss "49... STOCKS

1t Railroad & St Yds com . Belt Railroad & pe Yds pfd.. Power p ent fr re) fy Wayne! Hook Dru Ind & Mi

indpls Pwr & Lit C Indpls: Water Co p 16 5 Lincoln Natl Lite Vs Co com. Ind Pub Serv p Ind Pub Serv ed pid 6s-..-Ind Pub Serv pfd 5%s .. 2 P R Mallory Co com ....

Crist & Co.)

(By Market St in Corpi.... 33.31 ee ——————

TEXTILE COLLAPSE HINTED By United Press WASHINGTON, May 15.—Francis J. Gorman, United Textile Workers of America president, had told a: House of Representatives committee today that the textile industry is headed for “a severe

slump withi nthe next three months, unless some measure of regulation

ahd control is quickly introduced.”

HOG TOP RISES T0 $11 T0 END REGORD WEEK

Local Packing Needs Spur Further Rise From Highs for Year.

The most sustained advance of the year today saw the top on hogs lifted to $11, a new peak since last September, according to the Bureau of Agricultural Economics, U, S.

Department of Agriculture. The gain in the week measured 60 cents, all weights of barrows and gilts sharing in the upturn. Factors contributing to the rise were light receipts and an improved fresh pork market, the former probably more than the latter. Today’s market was 10 cents higher, local packer support coming into the market after being rather indifferent for a eriod. Shippers have been setting the pace for weeks, with much Eastern support attracted by the plentiful supply o good and choice grade offerings ere.

Sows Steady; Cattle Strong

Sows today were steady, selling upward to $10 and 25 to 40 cents higher than last week's close. Compared with last week's close, steers and heifers were fully 25 cents higher. Cows were steady to strong. Bulls were firm, and best steers brought $12.25. Top on heifers was $10.75. The top on sausage bulls was $7, but most sold from $6.75 down. Vealers were 50 cents lower, with a closing top of $9.50. Clipped lambs rose 50 cents in the week. Spring lambs were in too light supply to test prices. | Sheep were steady.

HOGS Bulk £2 85 @ 10. 10

15. 10.50 igaid 00 Ligh Lipili0e (140-160) Good and dium .

choice. .$ [email protected]

[email protected]

choice.. [email protected] [email protected] . [email protected] [email protected]

[email protected] [email protected]

9. 2: 25019.00 .00

. 978 ) 9.85

» 9.85 5@ 9.60

Me Light Beighitime (160-180) Goo nd

(180-200) Sood” md um

Medium Wel rus (200-220) Good (220-250) Good Hen ishiy-(250-290) Good (290-350) Good Phe Sows— (275-350) Good

choice. .

and choice..

choice. .

(550-900) (900-1100) Good

(1100-1300)

(1300-1500)

(500-750) [email protected] a 0.75

9.75@10

ne ol 50

293303 09

mon Sood and choice . Common. medium.

(750-900)

Ld - or

ood Common and medium Low cutter and cutter Bulls, good Cutter, com.

Vealers —Receipts, Sood and choice

(250-500) Good bi choice. .$7.00 Common, medium. 5.00¢ eeder and Stocker Cattle (500- 800; Gooa and choice..$ 7.50 Common, medium. 6:25 (800- 1050) Sor and choice. . 17. ommon, medium. 6. Heifers— 6

Good and choice Common and medium HEEP AND LAMBS —Receipts, 25—

20 N00 on Smo

Shorn Lambs— ? Choice ..... Biss Waisaisuavsiviies [email protected] [email protected] 8.715@ 9.75 8.75 5.50 4.25

Vor Seis (90-175) Good and choice . Common, medium.

4.25@ 2.25@

By United Press : %

CHICAGO, May 1 ogs — Receints, 2000. including 1800 directs; “market, nominally steady; nominal top, $11. Cattle—Receipts, 100; calves, 100; market, compared with Friday last week, good and choice fed steers and yearlings, 50¢ higher; common and medium grades, 253c higher; Diseess advance on kinds now selling at $10.50 upward: fed grassy neifers, 25¢c higher; beef cows steady. grassy. cuts ters we to 25¢ lower: bulls. 50c off; vealers, S5c@st down; top 1265-1b. steers, 6: best yearlings, $13; light heifers, $11.75: most steers, $9.75@ 12.50. Sheep—Receipts. 9000; market, compared with Friday last week; fat lambs, 25@350c higher; spring lambs, 50@75¢c higher: sheep, steady top native spring lambs. $13.50, ae AI $12.65 down to $12.50; top wooled lambs at mid-week, 2.75: extreme top clipped lambs. 3 25; top shorn ewes, $5.25: 30." $4@5; scat-

@25c_ higher; 210-235 Tg 235-275 Ibs, $19. 6062 10.65; $10.40@10. 50: 180-210 lbs 160-180 1bs., $10.50@10. 80: S. Bal 10; 130- 150 1bs., $9.25@9. 50; 100-130 1bs., 8.50@9 roughs, . own. Calves —$9 350 Spring Lambs—$11@ 12; clipped

$9 down —Hogs—Market. Sc $10. 0. 250-275 1bs.,

roughs, $9. 50.

Lambs,

U. S. STATEMENT

WASHINGTON, May 15.— Government expen:»s and receipts for the current year through May 13, compared with a year ago:

$9.25; stags, $8. Calves,

This Year Last Year .$6,550,228,394. £ $6,263,806,396.93 . 4,268,911,759.09 3.474,440,181.55 . 2,281,316,635. % 2,789,366,215.43 7,033.319.04

Expenses Receipts Deficit

or .320. : Inactive gold 5 469, 303. 137 PY a 514, 12

‘INDIANAPOLIS CLEARING HOUSE

Clearings ..... cei... vs disiseidiniety $ 3,045,000 bits : 9.076.000 Pe '19!833.000

1 n for week ... finn KE vcvsnsvirnirnnen 50,351,000

Debits for wee

RETAIL ADVERTISING GAINS 6.2 PER CENT

By United Press CHICAGO, May 15.—Retail display advertising in newspapers of 77 leading cities for the {first 4 ‘months of this year rose 6.2 per cent over the linage in the corresponding 1936 period, Advertising Age reported today. Linage through May 1 amounted to 346,859,116 compared with a total of 326,762,291 in the 1936 period. Advertising linage for the week ended May 1 totaled 22,167,533 lines, against 21,978,864 a week ago and 22,044 308 in the comparative

Receipts | 3s 5000

N. Y. Bonds

By United Press 2

BOND PRICE INDEXES ns Rolls 94.3 94.4 95.9 96.0 91.2 56.5 101.2 94.2 100.4 84.7

20 Util. 101.5 101.4 102.4 102.7 105.1 97.5 106.0 101.4 106.2 103.5 1935 86.4 103.6 93.1 1935 83:6 710 89.3 83.0 (Copyright, 1937, Standard Statistics Co.)

TEN MOST ACTIVE BONDS

Net Month Close. Change. Ago. Philip Ry 4s ’37V. 28%4 134 27 NY C 3%s °’52..10%7 : 10634 Mo Pac 4s ’i5.. 191% 19% NY C 331s ’46...102 101% Third Av 5s. ’60 26 31% Gt Nor 4s G ’46 135% siete NY West & Bos 41s Am T&T 3%s ’66 97% Conds Ed3'4s’46 105 -

Phil Co 5s ’67... 9934

Yesterday ..... 91.9 Week ago ..... 92.2 Month ago .... 92. Year ago Two years ago. 87.4 1937 1937 1936 1936

Year Ago. 301%

, 3414 10973

16% 15% Nn% 1033s ese 105 1053

Bond transactions approximated $4,050,000, compared with $4,257,000 last Saturday.

U. S. GOVERNMENT BONDS . Treasury Bonds

1947-52 1946-56 1943-47

,1955EN *1948-51 234s 1951-54 234s 1956-59 2155 1949-53 8. Certificates Bid. Ask. September 3%49, 1937. «+108, 1 01 Fepruary 23%s 1938 March . 3s June 27%ss 1938 Sonim Be

Yield.

HERE ES a =O 000,

IB 1 60 840 1 ht 1 30 UY Ce ORO WONOR~INO

0. 98.28 Fool land Bank Bonds Ask Yield 100%: 2.90 10033 10034 10274 10935 101% 103 Ys 1013, 104%;

i. July Jan.

102. 101.29 102.22 102.22 Home Owners Loan Bonds 101.17 101.17 100. 99.29 DOMESTIC BONDS Abitibi 5s 52 (M) 1007 Alleg Corp 5s 44 ATT deb 5'>s 43 Anacenda C 4'zs 50.. Arm Co Del 4s 55 Armour C 4's 39 At T S F 412s 43 At TS PFoen 45 93 .... Atl Coast L 4l2s 64 Atl Coast L 4s 32 B & O ref 6s % B & O.ref 5s 12000. B & 415s 60

100% 9914

112% 105%2 97%a 102%> 1033 109%

Bu F Bush Ter 5s Can Pacdeh 4s oh oie Cent Pac 5s 60 Cen Stl 8s Ches & O 3'2s Ch Y

Chi East III 5s 51..... Chi In Lou gn a8 Sod Ch M St P

10 Con GNY 45s 51...... Consu_Pw 35s 70 Dayt P& L Fhe 60 ..-. Del & H ref 4s 43 . Erie ref 5s 75 Erie ref 5s 6 Flor E Coas 5s T4 Goodrich 6s 45 .........105 Goody T & R 5s 57 .... Gt North 4'2s E 17 .... Gt Nor 4s G 46 Gt Nor 4s H 46 .. Hud Man ref 5s 57 I ak Tel 3%s 70 NO A 63

3 os 111 Stl 4'Inland Stl 3%s 61 Int 1 6s 44

Jns & Leh 4Yas 61 ..... Kresge Fou 4s 45 Leh & RR 5s 2003 . Loews Inc 32s 46 .. Long Isl ref 4s 49 Lou & N 334s 2003 ...: McCrory S 55 51 .

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BUSINESS BAROMETER GAINS DURING WEEK

NEW. YORK, May 15.—Business

activity in the week ended May 12,3 as measured by the Dun & Bradstreet, Inc. Business barometer, rose to 95.5 per cent of estimated normal. That compared with 94.6 per cent in the preceding week, 95.4 two weeks ago, and 80.6 a year ago. The complete indexes follow: May May : 12 5 Steel production . 102.9 Carloadings 79.2 Electric power output 1091 Bank fleatin ngs

Food pric Ee ae (average) .

BANKRUPTCY IS ASKED

SOUTH BEND, May 15.—Bankruptcy petitions against B. Walter & Co., Wabash, had been filed in

1936 week,

Federal District Court here today.

GRAIN PRICES AT CHICAGO CLOSE WITH NET GAINS

Corn Bought Against Wheat Sales, but Shorts End ~ Pressure.

By United Press | CHICAGO, May 15.—Prices worked gradually higher to a strong close on the Chicago Board of Trade today. Short covering continued in May - wheat, while persistent lack of rain

in certain sections of the Southwest induced buying of deferred futures, At the end wheat was 1 to 2% cents higher, May $1.2575; new om was up % to 1s cents, May $1303; old corn “was 2% to 3 cents higher, May $1.29%, and oats were unchanged to 1% cents higher, May 507: cents. The market was higher from the start. Back- -spreaders exerted pressure on the new crop months against purchases of corn. Winnipeg was firm at the opening, but wet weather reports brought out selling and prices reacted. Export business was cut down by the holiday at Liverpool. Corn was firm, Selling pressura wa notably absent, particularly in ay.

CHICAGO GRAIN

Wheat— RANGE

Low May +31, 5 $1.2373 July... ... 1.1 1.1658 Sept. 11650 1.15%, Corn— 1.297% 1.165; 1.0834 8058

XXMay xJuly 3xJdly . Sept. Dec. Oats—

May 493, 4373 397 4012

1.11% 1.0035 89% .89 91 VaA Soy 1 Beans— May ..... . July Jeeee D313 Lard—

May -.....12.10 gay Sie

Sep PK) Asked.

13.07 12 2

2.42 28 bial Av: 175820. .

. CASH : Wheat—No. 2 hard. $1.3214, CotnaNo yellow, [email protected]%; No. 4 yeilow, $1. EO 1.32; white, ol Ne £ Ne: 3 white, .30. ats— 2 w No. 3 White, 55%c. Rye No weioe! Barley—Feed., uoted 70@85c: Malting, | [email protected]. Timothy Seed—[email protected]. Clo~ ver Seed—$23@30. Soy Beans—No. 2 yele seria, ssn at EH i 00se, ; lea 11 bellies, $15%7 nominal, $1.35 wif

LOCAL GRAIN

Wheat—Market, Opa at—Market, stron receipts, - loads; No. 1 red, $1. 262: No. 2 os 3 ear No. 1 hard, $1.25%; No. Corn—Market, stron receipts, loads; No. 3 whit $i 2515 @ 1.27%" 4 | white, $1. 3aat, Sei 2: No. 5 white,’ ‘oT 211; @1.23%6: No. yellow. $1.2515@ 1.2715: No. $1300 w, $1. aie A No. 5 yellow. glel 29 ler “No. $1. 23% rn ; No. No. rors 1912 al. 211; Bs d ts — *Market, ceipts, carloads; No. 2 wh 50%2@51%2c; No. 3 White, 4992650150, re”

ixed, ixed. $1. 217 at, 23% Oa

WAGON WHEAT

a grain elevators are paying $1.22 for

red wheau, other grades on th merits. Cash corn. new No. 3 y i

ellow, $1.19. Oats, 50c. Hay—No. 1 timothy: 1 i

[email protected], WINNIPEG WHEAT Prev.

2733 1.17%

INVESTING C0.S

(By the N. Y. Security Dealers Assn.) Bid Asked Bid Asked 17.86 19.00Ins Shrs. 1.54 1.66 10.71/Inv Fd. 14, 97 29. 3.30 Keystone 21 3 2 i 20 Mass Inv 21 23 ny: x 36. Sony se sec 8. 4 27

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J. PAUL GETTY WIN: WINS OIL PROXY BATTLE

RENO, Nev., May 15.—J. Paul Getty and the Getty Oil interests had gained control of the $16,000,000 Mission Holding Corp. today after a 12-hour long stockholders’ battle yesterday. The stockholders, by a narrow margin, defeated two proposals. of the corporation board of directors and elected eight directors favoring Mr. Getty to the nine-man board of directors.

LOCAL PRODUCE

The prices quoted are paid for stock gathered in the country. while for deliv-~ eries in Indianapolis the prices are 1 cent higher. Each full case of eggs must weigh 55 pounds gross.) a Eggs—No. ‘1 strictly fresh. loss oft, 15¢ lbs. and cver, 13c.

Feavy breed hens, 5 Leghor: fess, Sc. Heavy breed broilers, 1937 Stock, 2 lbs. and over, 19c. broilers, 1937 stock. bs. Bareback broilers. 1937 stock. an over. 14c. Cocks, Tc. Geese. full-feathered and fat, 5c. Ducks. full-feathered and fat,

s Ibe 2d ov! er—Creamery. No. 1 35@36¢c: No. 2, . 30c: No. 28c.

haat Butterfat—No. - ST MONEY MARKET NEW YORK, May 15.—Money rates wers unchanged today Bahkers Accepuances ~ 30 Days, "Vom 71-16%: 60 and 90 da 9-16@ 2%: 120 days. %@9-16%: 150 © "and 130 ‘days. Ya @Y8%. Fommersial Paper— Prime names, 1% Time Money—60 and 90 days. 1% %: 120, 150 and 180 days. 1%%. Rediscount. rate at New York. 1%%

SAFE DEPOSIT BOXES wv The ¥%

Indiana National Bank of Indianapolis