Indianapolis Times, Indianapolis, Marion County, 9 September 1937 — Page 20

French Frahe Sinks]

To 10-Year Low in Trading.

NEW YORK, Sept. 9 P.).—The: stock market gained from one to more than twé points today with volume about half of yesterday's

total. The: London and Paris markets registered gains before the New York exchange was open, improv=n geonfidence after two days of heavy selling: ‘The French franc in New York, however, equalled its 10-year low. : In London, after the exchange was closed, traders jammed the street market and excitedly bid up 'U. S. securities in line with the New York advance. Farm shares made the widest advance. Steels featured in activity. Rails were strong. Broad recoveries were noted in all sections. The market opened nigh and active, then quieted. A slight reaction was followed by a further gain so that around noon the list was around the best levels of the day. A disquieting factor, however, was the Dow-Jones repo t that almost 60 per cent of the margin accounts of stock exchange member firms were in need of new cash at the close of yesterday's business. Bonds were also advancing, with gains ranging from fractions to two points. Secretary of| ithe Treasury . said the stock market break has not affected the nber financing program, Curb stocks advanced fractions to around three points under lead of industrials. Far Eastern demand lifted cotton futures to gains of 25 to 50 cents a bale.

FIRS THOUR

Stocks strengthened from the outset. Th eopening was fairly active, but trading quieted later. Prices ~ eased slightly from their highs near the end of the hour, but U. S. Steel had 23 gam at 993, Bethlehem 27% gain at 8614, Chrysler 23; gain.at = 100, Youngstown Sheet & Tube 3% gain at M43, du Pont [3 points: gain at 150 and Case 4 -points gain at 159. Rails were in demand led by Pennsylvania, which gained 23% to 333%. Southern Pacific climbed 2 points to 347% and New York Central was 13% higher at 30%. Utilities were firm and some buying developed in- oil shares as Standard Oil of New Jersey gained 17: to 607. Volume approximated 440,000 shares, compared with 690,000 shares in the first hour yesterday. DowJones averages: Indushrial 166.09, up 2.72; railroad 44.60, vp 1.07; utility 25. 85, up . 57,

SECOND HOUR

Another buying movement got underway at mid-day and new highs for the day were recorded. U. S. Steel crossed 100 for more than 3 points gain and Bethlehem was 4 point shigher at 873. Chrysler crossed 101 for almost 4 points gain and General Motors had more than 2 points advance. Rails were prominent as Pennsylvania went to 34% for 32 gain, New. York Central to 31% for 2% gain, Atchison to 65! for 3 points’ gain and Southern Pacific to 353% for 2% gain. Coppers were strong. Loew's extended its advance to: 71% for 3% gain. Farm equipment issues were in demand. Standard of New Jersey and Texas Corp. . each showed around 2 points gain. . Volume approximated 230,000 shares, compared with 640,000 in the second hour yesterday. DowJones averages: . Industrial, 166.61, up 3.24; railroad, 44.88, up 135;

utility 25.91, HP 0.63. 8

Soy i ° , Today's Business At a Glance - GENERAL BUSINESS Dun & Bradstreet, Inc., reports bank clearings in 22 léading cities for: week ended Sept. 8 totaled $3,434,738,000 vs. $4,219,243,000 year ago. American Iron & Steel Institute reports steel ingot production in August at 4,861,789 gross toms, or 93.55 per cent of capacity vs. 4,556,"596 tons or 78.49 per cent in July, and 4,184,287 or 72.11 year ago. . Edison Electric Institute reports output week ended .Sept. 4 at a new : high, 2,320,982,000 kwh vs. 2,~ 294,713,000 previous week and 2,135,598,000 year ago. Engineering-News-Record reports awards this week $36,868,000 vs. $35, - 219, 000 year ago.

CORPORATION REPORTS

City Stores Co. and subsidiaries, July quarter consolidated net loss, $27,476 vs. net profit, $96,434 or 8 cents a common share in preceding quarter and net loss $7726 year ago; six months’ net profit $68,958 or 5 cents a share on common vs. $87,112 or 7 cents year ago. Market Street Railway Co. and South San Francisco R. R. & Power Co., 12 months ended July 31, net income, $47,384 or 40 cents on 6 per cent prior preference in arrears vs. + $186,213 or $1.60 preceding 12

“months. ; DIVIDENDS

Cleveland Electric Illuminating Co., regular quarterly 50 cents on common, payable Oct. 1 record Sept. 15. Cleveland Graphite Bronze Co., - interim 50 cents on tommon, payable Sept. 30 record. Sept. 18 vs. like amount June 30. Fruehauf Trajler Co., 50 cents, payable Oct. 1 record Sept. 20 vs. 25 cents July 1. Harris Trust & Savings Bank of Chicago, regular quarterly $2.50, payable Oct. 1 record Sept, 16. - Interlake Iron . Corp., 40 cents on comnion, payable Sept. 30 record Sept... 18, resuming dividends; the last payment was 15 cents quarterly on March 25, 1931.: ~~ Kaufmann" Department

x= record os. ‘9 vs. like amount

‘their “tsar.”

iE Stores, | Ins. Co Inc..40 cents on . common, payabie|™. 4

\ Ys

tJ # o

MARKETS AT GLANCE

Stocks 1 to 2 points higher in light trading.

Bond higher.

Curb stocks advanced fractions to 3 points.

‘Chicago stocks higher. Call money 1 per cent.

Foreign exchange lower: French franc broke to 2.66'3, new low since 1926.

Cotton futures 4 to 9 points higher.

Grains lower in Chicago; corn off 14 to 1! cents a bushel.

Rubber futures easy.

Silver unchanged in New York at 443; cents a fing ounce.

FLYNN ATTACKS LIQUOR DEALERS

Preprohibition Evils Return to Politics, He Declares.

May

By JOHN T. FLYNN Times Special Writer

NEW YORK, -Sept. 9.—An old character—well known but not popular—has made his appearance around these parts once more. It is the organized liquor interests monkeying or seeming to monkey with the Government.

It is now 18 years since the barroom went out of business under the lash of prohibition. In the good old days,’ when the Saloon flourished on nearly every corner, the saloon interests were a powerful force in every community. And they were a powerful force for evil. Good old Tammany Hall in New York and all the little Tammany Halls all over the country were numerously manned by saloonkeepers and their henchmen. Saloon men were ward and district leaders. They dominated boards of aldermen and legislatures. And so it came: about that while the saloon interests were organized to protect their own industry in its more lawless forms of profit, their vicious organization poisoned every department of government. This, perhaps, as much as anything led to the undoing of liquor.

With the coming of prohibition this passed out of our consciousness and we thought of it no more. Instead, the bootleg industry, which was admittedly criminal and violént, took its place. But it never actually got an open, undisguised hold on our politics.

Enemy Is Back

Now the saloon and the liquor maker is back. I have no complaint against that, But in the last year 1 have noticed signs of the return of that old and sinister enemy ‘of the commonweal—the liquor interest In politics. The latest manifestation is the raising of a fund of $5000 by the Distilled Liquor Institute to enfertain a convention of state liquor administrators in Michigan. One won-

Mr. Flynn

-ders what the liquor dealers are do-

ing entertaining thus royally their regulators and what the regulators have in mind when they think of submitting to such entertainment. Only a little over a month ago, in New York City, a group of Dzmocratic bosses backed the candidacy of Mr. Grover Whalen for Mayor of New York. Mr. Whalen was chalirman of the board-of the largest manufacturer of whisky in the country. He withdrew, because his candidacy seemed hopeless. But it was indeed a strange proposal to make a big liquor dealer Mayor of New York. : Only about a year ago the treasurer of the Democratic National Committee was engaged by the liquor interests of the country to be Of course the liquor interests had bought into the Demccratic Party. This is the beginning of a very old evil. There are many respectable businessmen in the liquor business. Is there not enough profit in the business without seeking to add those additional sums which can be made by influencing Government action?

INVESTING CO.’S

(By N, 'Y. Security Dealers Assn.)

Adm Fds 1835" 173810ep Is A 325 24, 4.37IDiv EB 1031 I fim es 8.78/Com 4.78

10.50 Found .. 4. 6.00) Fund aay o1. 35 Fd 3 68

.|Gen Ca 3, sii i Sa %8 rou 30.00 foun i 6x = Auto. 36.00] he +2 Listen, ? EL R 24.54 Steel.” A esi Tob

RHNIIW WN

dk dd bd fh tt ee PL a ry boa

Le nig ©

“187 Quar Inc 15.70 Rep I=. 12: 28 RED 110 Schoelkp 2. 5 26. 64 1086% 1 12 Cc: 158150 ans + 5

on AA ae 12. 5 Pr Bk

s Baopsaatcas Baafopmes, Boos 8

: 0.9%] welt i 16.

equals 100):

DAILY PRICE INDEX NEW YORK, Sept. 9 (U. P.).—Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press

Yesterday ......... 138.60| Year ago

Week ag Month ago

Following are the wrices used in compiling the index:

Commodity—

Wheat, No. 2 red

(bu.) .

rivene... 137.70/1937 high April 5) 158.26 revean. 140.80]1937 low

' Today

Corn, No. 2 yellow (bu.).. cesses

Rye, No. 2 (bu.) .

Oats, No. 2 white

(bu.)..

sesee

Flour, Spg. Pat (196 1b. sk.).... Lard, prime steam spt (Jb.).....

Coffee, rio 7s sp

Sugar, raw 96 test (Ib.)..

t (1b)...

soe

Butter, 92 score (Ib)...........

Hogs, 290-350 ib.. gd. choice. (3 choice (Ib.)..

Steers, 1100-1300

High. eos 14 | 62

Acme Steel . Air Reduce ..... Alskr Jun .. Allegh Corp Allied Mills ... Allied Stores . 1 Leath ..

Stl Fdies .. Sumat ... T&T... Tobacco

b.)

$1.12 1.11

825% 33%

7.10

1049 09% 0350 31% \1087% 1700

(1930-1932 average

Commits

Cotton, Silk, Rubber, spt smk rib Copper, electrolytic Lead, spot (1b.).... Zine, spot ab.).... Tin, straits spot (1b.

mid-upland

(Sept. 1) 137.05

Week Year Ago $1.14% 1.123% 91% 44 7.425 1185 08" +0365 . A040 0950

Ago $1.10% 1.01% 85 31% 6.85 1050 09 0330 34% 1100 168714

Yellow

‘+ scrap ‘apd hides,

Silver, comml bars (05.).cccosee Steel, scrap, Chi. (fon)........ Pig iron, Iron Age comp ton), Coke, Connellsville (ton)...... . Cement, dom. Portland (bbl).. pine, 6-in. base (M. ft.). Douglas fir, rough (M. ft.)..... Gasoline, tank wagon (gal.).... Crude oil, 40 gravity (bbL) iene s—Chicago: Sonres: » ust Wool. E. St. Louis: Zine. "Btlevilfer Coke. Tulsa: Crude oil. New York: All others.

Lambs, i (ID) cecosesossasns Hides, native hvy, steers (Ib.).. Wool, fine unwash combing (1b.)

ab.) ceases

13-14 deniers Jap (Ib.)....

(1b.) . wees (db) esesse sessesseshes

)iecoocnsane

18.75 23.25 4.35 2.25 60.00 52.50 «095 1.237

Grains,

NEW YORK STOCKS

soe fy ie Low. 4 64 10% 2 . 19%

. 3 163% . 18

. 10% 6

. 11% 522

+.» 10 . 24% 0.

Aviation Corp "

Bald Loco .... Bald Loco as . Bald Loc ctf wi Balt & Ohio .. Balt & O pf ... Barnsdall - Bayuk Cig .... Beatrice er’ ces

Beth Stl rts ... Beth Ste

el Black & Decker 23 Air

Boeing Bohn Al Br .... Borden

Borg Warner .. 43 MT

Bklyn M ‘is Bkilyn U Gas .. Buowrus Erie .. d Mf]

Byers AM

Cal Packing ... Callahan Zinc . Calumet & e's bell J Wy ..

| ry i la Dry rts

J 31% 2%

31% 2%

Can Pacific .... 1

Celan Gent Foundry Certain-teed Ches & Ohio : Chic Gt Wst Ry Chic G W Ry pf Ch M St P&P bt Ch & Nw Ry: Chi Pneu ; Shiids 7 pf. .

Cons Cigar ... Cons Film

‘Cons Film of ..

Cons faundries. Cons

2% 3

Cont Oil Del . . ad ...5

Corn Coty"

Crown Zeller :

East R Mill .. Eitingon Sch ...

Elec Auto-L .. . 34

Elec. Boat .. Elec&MInd _.. . Elec Pwr & Lt:

rod Exchange Buf -

Fed Screw Fed Wat Pl crons i

jirst N Follansbee Food Mach .. Foster Wheel Freept-Sulphur

Sal Robt .....

e Th Gillette S R ... Gimbel Bros

. 15%

i fA gen Firestone F N St tos . 38

3%,

: : 4373 29%) 25%

Net Last. Change. 74 1

HEF HR REE LE

+++]

+: To

THEE HE L+H - tas p-- i an > aan

Raf

NEW BOND ISSUES

(By W. L. Lyons & Co.)

lis Chalmers Cv 4s 52 Atlantic i 3Yas 64 B & O 4s

B P Avery Sons 5s 470000100

Cent Maine Pwr Calif Oro Pwr 4s.

45 6

Cont Maine rer 3s 66

Cinti G & E 3 Fla Power is 66 Fla Power 5s 66 Houston Lt & Po

Indpls Water 3':s

Los Angeles Rev Narra lee 3s NYC

s 1 ve NY State Elec Gas 4s 65 .... 3%s 67 ....

Northern State P

wer 3'as 66 66

31s 7 6

Ohio Public Service 4s 62. Pac Lighting Svs 45

Scott Paper Co 3% 5 62

Union Elec 3%

Union Elec 3s $43

West Chester 32 Wise G & E 32 Wisc Pub Serv i

s 67 . 3.68 61"...

iin ¥ Commercial Crit 23s a2 <-18

. 95 103% 99%;

7 ..101% 96

95 97% J % 104%; 110

+ 104% 111% el

101 104%2

CHICAGO PRODUCE

Eggs—Market, firm; receipts, 6318 cases;

fresh 2134c: cur! i 16%2c: cHecks, 1 I

graded firsts,

21%c; Jeceipts,

Sim

extra

19%2¢; receipts.

firsts, dirties,

12.894

tubs; extra firsts (90-9114 score). 33% @3 3c;

extras (92 Sears), seconds, 26 s@ 9c; cials, 34@34 Poult

33%c; standards,

ban + yet. thee 63

Po 1 ors.

longhorns, 18% @18

aE good: market. gStisdy;

PKS, $1.70@2

North Dakota Cobblers nesota Cobblers. 17Y2@95c; W

$1.10. a ils, 71; on track, 248: 949,

Oe idaho

firsts, 30%@31%c; 32%¢;

o> firm; 15@16¢c 81% az Vac: legnora

spes re-

6C; roos-

5 19@26¢: ise, daisies, 18% @

te:

tur-

demand, Russe

t Bur-

0. 2, [email protected]; North’ Dakota Bliss Triumphs. fat) .10;

Seas

Min-

a Bliss Triumphs, 90c@$1; Wisconsin Cobblers, 90c

shipments,

Week ago .

Ill. Central

8y United Press,

DOW-J ONES STOCK AVERAGES

30 INDUSTRIALS ersssssssssenseess168.3% seb ssecsacsssssess .170.84 Month ago seescssscesnsecne .187.62 Year a0 .ecsscssscassessss 169.00 High, 1987, 194.40; low, 163.37. High, 1936, 184.90; low, 143.11. ; lt ‘20 RAILROADS § sesssssssssnscovese 43.53

seéssenseassnsansen 47.18

—1.02 —2.24 +0.90 -+0.50

Yesterday Week ago

—0.84 —1.08

Yesterday Week . ag Month ALO scescevssssscinres 53.57 Yeéar ago 56.15 High, 1987, 64.46; low, 43.53. High, 1986; 59.89; low, 40.66.

sesdsssessboassscsns

Yesterday

Month ago .. Year ago . High, 193%, 37.54; low, 25.28. High, 1936, 36.08; low, 28.63. 70 STOCKS evans saswesansives BLB0 vessessssesssseesis ss ON90 ees ses00r0Esscsse 64.07 : . vevesesnvesaseesss BESO

Yesterday Week ago Month ago Year ago

High, 1937, 69.67; low, 55.39. High, 1936, 66.38; low, 51.20.

__ Net Low Last Change 3% save 4 : + - 29% 30 +1 32 + 3 2% + 14 2% + Y —_ a + 1s

Gobel, Adolf ... soebel Brew ..

5t West Sug Bg ireen H L . ireyhound cp .

G G G Gt G G G

hit

Hall Print 1k

DHE HE

Hupp Motor

see

. 19 i

ols

e =i Kel... 58% A ....15%

187 30 22% Ah a

5178 15% =ei11 3 . 8Ya 5% 812 91 8%2 8Y2 «sil 21: fs

Sur onl

Int T & . Intst D 8 Johns-Man ...

Kan. C Sou Kennecott . Keystone stl Ro esg 88

DAHER HE HEE

Mag Man "El mod gtd 8'2 n Shirt 1%

a an Ex..

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The following quotations do not xepresent actual bids or offerings but merely indicate the approximate market ievel based on buying and selling inquiries or recent transactions.

BONDS

8% 17% 3%

sihld Hi:

Ask 103 106 1062 106%2 100

435s 8 52s

Belt RR St Yds com ....... va Belt RR St Lds pfd Cent Ind Per pid 8 Home T&T Ft W

Union Title Co com «20. Van Camp Milk So pfd . ; Van Cam Milk Co com....... 11

XEx-div! ‘(BY M. P. Crist. * Co.) Market St. Investing Corp. . 30,43

BANK STOCKS

(By Atkins, Hamill & Gates)

Central Hanover .. Chase National .

Commercial Continental

Empire . First National ‘a Guaranty Trust .. xIrving ; Trust Manufacturers ‘National City ....cccoe.ene New York Trust ..... seniaane 1 Public National ..... INSURANCE STOCKS Acins Fire

tren anes 2080 sessacnsaee 303

tal Fidei yTnenix Firema on * ire v Great American Janove ver Fire

Hom North River TTAVEIEIS = .....eceeocuevsccss . 475 XEx-dividend.

FOOD PRICES

CHICAGO Sept. 8 (U. P.).—S8w, - toss Tennessee. bushes baskets,” 85@5c. Carrots—. bunch jee porinach —Michigan, bushels. 7 Toe@e1. matoes— Michigan, 12-quart baskets: ; is@ide Cauliflower—Colorado, States; 1.50. Peas —Colorado, Raper : $2. isaie. Celery —Michigan, flat (50-1b. hs) die ellows, The: Vo ington valencias, [email protected]

BONDS

ACTIVE MARKETS

Merchants Bank

. Terre Rote

.All Indiana Issues COMMON STOCK T. P. BURKE & COMPANY

INCORPORATED

*INDIANAPO

- PREFERREDS

RI-8538.

Nash-Kelv Nat

« 10 + 32%

Nat Suppl . 30 | Bomb y ee. 28% NY Central ees i

‘Norwalk T eee.s

Spies Of] cence. mnibus ons Steel Otis Sti cv 1 pf.

5 Outboard Mar.. 23%

Pac Am Pish ‘ C39% . 20 Ys .. 193,

arp & D Snap & D pt. Shattuck .v Shell Un Oil; . Silver King ....

Socony Vacuum. So Am Gold ..

Twin Cy R Twin Couns

S Steel ..... U.S Steel pf... 19918 Un Stores A.. 37%

‘Van _Raalte .... Va-Car 6 pf.... 3

Wabash pf A . 53 Walgreen pf ww w 2 ne en Pp 87

.e 47 Warner Bros .. oe

& 814 Willys i aa

Woolwort wa Y% Worthington .. 31%

Yellow Tr .... 17% Young Sheet .. 76

Zenith Rad . 9 Zo mith . 8 9%

with a year a ok

Receipts. . De A

Customs ..

oo 18% . 28%

AY,

i +

Expenses $1,403, 431, 5h 51 967,067,544.23

087 118

lard. ) steel Con-

: 1.23 tivestock,

: Net Low Last Change 2 9% 78 21 Ya

ON pe ——

289, 10% :

rb +11: tne +

28% 10%. 15% 18% 10Ys 24% 27% 18 = 9% 32%

1151; 18%

2/2 : ig’ 30 28% 30% 3% 8% 225 23

28%. 30Y4 - Y%

Ya 23 3 ‘18 12 117 7% 5 23% 23%

117 29% 120

= >

Re - a

PhO Pek fd fd RY I a CIBILIBILI 1a BIC) ps’ » 2

a =i

- Ve

31 41

—We

SARI RS Aa FS

Ys 43% “31%

Ya i 31%

1% -76

——s Hi NESE

179, 6

ast

+ FE ER EERE ©“

38% _ 39% 4 4

a -~

U. S. STATEMENT

WASHINGTON, Sept. 9 (U. P.).—Government expenses and receipts for the current fiscal year VHIOWRD ep 7. compared

Last Year. $1,115,128,550.96 700,576,634.08

84 Gold res. 12,593 467.933.29 81.015.15.81 ra

Toda, Inactive pd $11, wes 623. 84 ea. 107 839. 4

| Li

| Good (beef)

| [email protected]; most

9.75. Lambs, $10

= RAISE HOB PRICE”

25 CENTS HERE

Vealers Gain Half Dollar;

Lambs Hold Steady Below $10.75.

Higher fresiy pork Petes in the East, moderate receipts and a good shipping outlet: conspired. té push hog values 25 cents upward today, according to the Bureau of agrigal. |}

‘tural Economics.

The advance extended to all weights of barrows and gilts gnc to sows. Top reached $11.90 for choice 210 to 225-pound butchers. - % Cattle trading ~ picked up .acditional steam on all killing classes as practically all underlying factors favored the selling side. Steers and yearlings moved actively at prices strong with the week’s gain of 25 cents or more,

Scarcity of heifers produst another 25-cent upturn on these, while

cows had = broad outlet at a shade

higher rates. Bulls showed little change, while replacement trading

2 continued rather slow at steady

prices. Top an choice 1091-pound

steers was $16.25.

A 50-cent upturn in the vealer

| market boosted the o price there to

$12. Steady prices were maintained on sheep and lambs. While the top of $10.75 was the same as on Wednesday, not many were eligible to it. Instead, medium to just good grades predominated and moved at $8 to $10. Buck lambs were sorted out and discounted $1 a hundreweight.

0 39 =I ANNI

ht Li x 16 n “Good and choice 10. 50@11. um

loath

LL AGT

(160-180) good. 2nd . [email protected]

[email protected] : Cai

.. [email protected] " choice.. 11. 80@ 11, 90

[email protected] [email protected]

10. 20a 10 25 [email protected]

9.00 10.00 [email protected]

[email protected] [email protected]

Medium Wor or (200-220) Good and (320-250) Good ghts— ) Good and ) Good JoRs-

choice. . choice. .

(100-140) Good choice. . Slaughter P

(100-140) dood and choice. . Mediu

— Receipts, 600— Steers RL ver 313 00

(550-900) Chace

cesses

Ci (900-1100) Pri C

C (1100-1300) E i

: M (1300-1560) B im

Heifers : 2 i : [email protected] Good [email protected] Salis [email protected] 6:[email protected]

(550-1750) a ad choice. . Common; medium:

Good 6.75@ . 8.50 Common, LT2B@ 6.75

1937 high

fagle Picher Equity C

Ld 2 I

“Sunray Oil .. -TTechnicolor

; @17.00 . 1 30a 15. 50

N.Y. B By United Press BOND PRICE INDEXES

Ralls Utils. Tis. Bonds 871.3 99.5 925 “88.9 100.2 93.5 91.6 102.0 95.2 95.7 "105.9 98.5 81.2 101.6 [190.7 101.2 106.0 100.7 87.3. 99.3 925 100.4 i062 100.2 93.3

fad. 90.7 91.4 92.1 92.2 89.4 95.0 90.7 ‘94.8,

Yesterday araveend ‘Week ago Month ago ‘Year ago i..vesoes ‘Two years ago «..

sseenve

1937 low sssseass 1936 Bigh .cdiee. 1936 low. ccoesese 90.0 84.7 108.5 vy 1985 high 3 91.4 864 103.6 93.1 1935 . low . 83.6 71.0 89.3 -83.0 (Copyright, 1097, ‘Standard Statistics Co.)

U. 8. GOVERNMENT BONDS > i Bonds

Hi a 3145:1945-43 ......... 34s 19 1946-44 . 108;

er tessa

Federal Land Bank Bonds Bid. a July 1955-48 on 997% Js J 6-46... 99% 997% Jol Ya jo: 1083

° : i69 7-16 100 b- 16° ov. 1957-87. 100 7-16 - ais Nov. 1958-38.. 103% 108 i 16,. Home Owners Loan ad

2%s 1949-39 2%s 1944-42

et ab . 4p

P — 3a v U Ter yi V23 a. wen porate St ei) git

T 55 A 44. : pans Bro 6s 39 ...,.. 91 FouseYeor 4s 61

: FOREIGN BONDS

Brazil 87s a5! sseves BA gana gaz 3 esessces.113V

aed 61Y,

Curb Stocks

A SA. Austin Saver csesessene Barium Stl

Cities Serv pf’ cesses. = Col O & G,.eivvene.,

MDS L400. BS us

Det Gry Ir Fd

4 nN BD 00 == Cn ed _DDWD- DD

« SRR Se

& Ci oa Bris &° va of

Last

12 3 io

dium Tere Low cutter and “utter FesasesH Bulls, goo - 8, 7.75 Cutter, common Ceeieieesaness 5.25@ 4.75

6.50@ 1.75 Cutter, common and medium . 4.75@ 6.50 Vealers ? —Receipts, 500— Goes and choice $10. os0aizo 00 F000 a. 50

(250-500) aod and choice . 8.30411 $ \ mmon, medium. 6.00@ 8 ota and Stocker Cattle Steers : (500-800 Sood and choice. on medium

Com. 1800-1050) Good and choice Common, medium. ‘Heélters—

Good and choice . Common and medium ...... Cows—

Good Common and medium ¢ SHEEP AND LAMBS --Receipts, 1500—

Shean Ewes orn (90-175) "Good and choice." Common, medium.

CHICAGO, Sept. 9 (U. P.). —Yiogs—Heceipts, 8000, including 2500 directs; market, 1302 5c 3 $11 Hk good and choice, s. [email protected]; comparable, 240290 1bs., [email protected]; choice, 150-180 1! good p packing oy 59

@10.25; few best lightweights, 1

O:attle—Receipts, 4500; calves, 0 F060: fod

steers and Jearun 8S, strong. to 25 cents higher; weighty wp most: all she stock active; aa 7h 5 cents higher: $18.75, new high, best since next highest, $18.40; bulk [email protected]; best yearlings, yearlings, $15.10; cutter SETS Sectors dente ihe Ah Hit own; vealers, cents x 10,000, including 2700 bs fully steady to sion: at $10.50; 10.85;

top steers, 1928;

steady; ewes, 5a Ho P.).—Hogs--S..

1bs.,

(0. Bar! $11.50; $11.40; "250-275 $11.10: 1300-350 1bs., 1 140-150 1bs., 120-130 Ibs. mee 410 $9. 25;

NE, Sept @ 30c

PT. WAY Market, sa s 0 1bs. i%;

$9.9

SO a i Lars ) —Hogs~< !

1bs 0.50@11 0@1 0. 29: 100-130 1bs., $9. Roughs, $10 down. Calves, $11:

LOCAL PRODUCE

(The prices quoted are paid for otk .gathered in the country, while for deliv-

ereis in Indiana olis the prices are 1 cent higher. - Each. full .case. of eggs must “weigh. 55 pounds iy )

Rate 1 strictly fresh, loss off, 13c¢

5 lbs. and over, 17c; ang’ ofer, | bred; broilers, r, 18¢; Leghorn ors, i 2 1bs. and over, 16c: bareback broilers. 1027" Ba 5 Ibs. and over. 12¢;’ old Jostens, 8c} ducks, full feathered ana fat. nd o over. Bae . ful Peathored asi to Bi

—No: 1, 3st @37c; No. '2, ‘Bitertat, No. 1, 31c; No. 2; 29c.

es breed hens, § Legh 4

But 35¢.

Fort Wayne

SEIZE "YOUR OPPORTUNITY

> but the man with money on hand is indeed a ‘Favorite Son.” |. as

» ‘You can build up your funds here in confidence and insured safety with the power= : ful help of compound dividends. When your Ophosts S . nity comes, be ready. - Funds invested by ihe tom f

Jontember nt Lining, & Sev. jem

BD Hel kil ssn.

ncadmen 4

Righer; mostly 25 cents "higher :

‘sheep, I

34%2@ |.

B La Salle Exten .. Marshall Field Mickel Food ve ‘Mid West Corp. a Mid Wes id Midland . Shred |

9 w¥

ELECTRICITY QUTPUT “GAINS DURING WEEK

NEW YORK, Sept. 9 (U P)—

Electricity production rose more

than seasonally in the week ended Sept. 4 to- a record of 2,320,982,000 kilowatt hours, the weekly report of -the Edison Electric Institute

showed today.

This ‘compared with 2,204,713,000

week and the previous record of 2,304,032,000 kilowatt hours in the week ended Aug. 21. The total rep-

resented a gain of 86. per cent

compared with output of 2,135,598,000 kilowatt hours in the 1936

‘week, and contrasted with a years 5 | tocyear gain of 8 per cent a week previous and 10. per cent two weeks

previous.

: FOOD PRICES DECLINE NEW YOR, Sept. 9: (U.P.).—The Dun & Bradstreet Inc. index of wholesale food prices for the week ended Sept. 7 declined to $2.86 from the $2.87 recorded in the Previsus

week. Rae

2 | December. ‘Ma

5, | ceed wi

kilowatt hours in the preceding.

LOWERS WHEAT | IN CHICAGO PIT

Commission House Buying Fails to - Interrupt Downtrend.

CHICAGO, Sept. 9 P.) —Fali buying by commission houses checked, but could not halt, the downturn in wheat prices today or’ the Chicago Board of Trade.- . At the end of the first hour whea: was % to % cent lower, corn was % to 1% cents lower, and qats were unchanged to 1% cent higher. Late Liverpool. cables, indicating a strong bearish movement abroad, cut the support which had appeared in Chicago and selling set in. Wine nipeg was erratic and added further pressure to the Chicago market,

100. 16| Basing of political tenseness also

took away some support. Wheat receipts were 60 cars. Corn was under some pressure and even September futures broke, after a strong start: On the break commission house buying in September was again noted” around Res a bushel. Corn receipts were 11 cars.

WAGON WHEAT =

grain elevators are paying for, No. 89c: other grades on their merits, No. 2 yellow. hic. Oat 8 timothy, [email protected] ¥

Ted

Cash corn. new 27c. Hay—No. 1

WINNIPEG WHEAT

Open. Vg aad tess 000000sc00000 a er

ARGENTINE GRAIN 08 AIRES, Sept. 9 (U. P) Grain ML unchanged: Whea $1.273%, unchanged; Soci Pe nenan ed. Cor are:

‘ptember, rss 33%, Aichanged:” 1.32%, unchanged,

LIVERPOOL Waar

vember,

October ..$1. en $10 507% si: oe

\ bP 13132 1.29 303% 317 rch 1.26% 1.247 1.25% i 21%

BROKERS’ OPINIONS

NEW YORK, Sept. 9 (U.P)i— Many brokerage house commenta-= tors today saw the possibility of a technical rally in the stock market after the sharp declines. of Tuesday and yesterday. They all continued to suggest trading caution, however. THOMPSON & M’ KINNON— Given a further opportunity to pro

we look for the market to regain its equilibrium. W. L. LYONS & CO.—As obi as aggressive buying is absent, it is hard to see how there can be any real turn, though rallies may intervene. REDMOND & CO.—The many conflicting influences in operation at present make the immediate trend . uncertain. Nevertheless, we think that the pressure will be lifted sufficiently to Pernille trading rally of moderate proportions before the end of this week. ; LAMBORN, HUTCHINGS © & CO.—Generally speaking, while the broader trend of the economic.cycle is still upward, there is little question in our minds that an import< ant intermediate correction is still | in process, and probably has been since the spring of this year. | SHIELDS & COMPANY—It will be another fortnight at least before there can be any definite cue as to the extent of the fall business movement, which constitutes the one hope for new buying stimulus. HORNBLOWER & WEEKS—In view of the severity of the decline, it ‘seems unlikely - that confidence in the market will be restored until the present wave of emotional selling shows definite signs of having fully spent its force.

FOREIGN; EXCHANGE

NEW 9 (U. P) ~—Forei Ne Opera Se RWlar: X i England (pound) .- Ga v3 3- 16" 00 Toe Engla;

Sieg Lh 94 7-16 =, 51 Canad p71 “99 63-64 0.2 s Irrance (franc).... Bs 371 Italy (lire) . 0 26% Belg . RET 13 Ger! .4013 Swit 2296, Holl 55112 .2553 (krone)..... .2488% oe 2211 390

Norway Denmark {krone).. Japan (yen) Ten-year low. low.

MONEY MARKET

NEW YORK, Sept. 3 LG P.).—Money ‘rates were’ unchanged t Call Money 36 ock Exchange, 1%; Curt Exchange, 1 Bankers’ BE: sie es—30 30 days, Va@7-16% Harnd days, poi 150

d 180 days, dh per—Fiime names, 1%. Time oe and 90 days, 1%%; 120 150 and 180 days, 14%. ?

INDIANAPOLIS CLE CLEARING HOUSE Glearings on 08

°C oloni Tal Savings & Loan ‘ Association 28 South Illinois St.

Celtic Federal Offers

"INSURED Saving Accounts

We are now paying 3g,

Shows How | ~ Money Grows at This “Rate!

gna to

safning - $100

OF INDIANAPOLIS

$1 to $5000 Accepted

m dividends ted 1 its f $5,000 to t 088 desiring (are, ese 20 Jute Jugs

. ‘Funds Invested by 10th of Any Month ‘Earn Dividends from 1st of that Month

Write for folder explaining INSURED Accounts

' SAVINGS ¢ LO A HAREOUINTION

to $5,000.00

23 W. OHIO ST.

so,

out shocks from abroad, —

hoe

EROS rer TT

sa g gos 3 DE ANE a A A SL