Indianapolis Times, Indianapolis, Marion County, 2 October 1937 — Page 6

RAIL ISSUES

AIN

NEW YORK STOCKS

By United Press

PORKER PRICES DROP 25 CENTS

Grain Futures Gain Fractions

FREE. REIN FOR

DOUGLAS LIKELY,

In Dull Market

kg CHICAGO, Oct. 2 (U. P). —

FLYNN BELIEVES

BH Natrow Demand and Lack hold wheat futures within a re-|F, D, R.’s Leniency Would

L stricted range in today’s short ses- ; 3 : Of Outside Orders Send |sion at Say Board of Trade| Ajd New Head in RegulatHogs Lower. ing Exchange, He Says.

22 J U.S Steel ...... 80% 79% 80% —1% n s 15% NY Cent ..... 28% 3% 28% + 3% Std Oil sd

: 4 THY a 124 .... |Left Ine mM 1%... 4 seen A coc: | Willys Overland 4% 4% 4% .... = pt : Ds 2 Graham Paige . 2% 2g Los Cp pf $40 w. 5% 20 .... 17% 1% + : . : 17 % 8 5%

es Anaconda Cop.. 39% © 39% + Allied Stores Par Pict ......, 18 18 + ® 4 a2 =» Allis Ghal +

al Leath Radio ......... 9% 9% MARKETS AT A

AS MARKET MOVES |... ooo me mote ase 6 575 IN LOCAL YARDS

Huey +1+

which wag/one of the dullest in several wee At times activity was

Suth Pap sass Swift & Co .. ; so slight that only three trades were |

Swi Ist uld

South Pac ..... 32% 324% 2-Go' : Syming-Gid kw

United Corp ... 3% 33 i.e

ttl 1:

Wage Negotiation Reports Advance Carriers.

NEW YORK, Oct. 2 (U. P.).—Quiet strength in railroad shares featured a dull, narrow-moving stock market today.

GLANCE

Stocks irregular in dull trading. Bonds higher and quiet; U. S. Government issues irregular.

2 Curb stocks — irregular and quiet,

Chicago stocks irregular.

Foreign exchange generally firm; French francs recovered slightly from break of more than 16 points to new 11-year

Alleghany Corp. 2 2 cess Gen Motors .... 49% 49% 49% .... Beth Steel ... . 693 69 — 3 Int Nickel ..... 52% 513: 51% ....

Transactions approximated 290,000 shares compared with 1,470,000 shares last Saturday. Curb transactions approximated 65,000 shares compared with 410,000 shares last Saturday.

Net Low Close Change 28 28 + a 51%

ova Car 1. aes Texas BID tees fex G Si [exas & Pac .. PC & g Tex Pac L T . Chird Av Ry...

Thompson Pr .. omp fap

Tide wa oil ".

Oil pf.. Fimik-D AX... 3

30 Twin Coach ... 127%

HAE HEL

Hog prices broke 25 cents on all weights today as an estimated supply of 2500 head proved burdensome in the face of sharply curtailed shipping orders, as reported by the Bureau of Agricultural Economics. Even at the downturn, a substantial holdover looked probable as demand curdled after only around half of the hogs were absorbed. Sharp losses in dressed pork prices for the week were advanced as the

noted within the space of five minutes. At the close wheat was 3 to % cent higher, December $1.081:; corn was off % to up 3% cent, October 693% cents, and oats were unchanged, December 30% cents. Increased offerings early in the sessipn proved a weight on the market that was balanced by the firm~ ness at Winnipeg. More conflicting effects were produced by the failure of Liverpool to fully reproduce the easiness in North American markets yesterday as opposed to the forecast

By JOHN T. FLYNN Times Special Writer

NEW YORK, Oct. 8.—The See curties and Exchange Commission has finally gotten a chairman whose intelligence, knowledge of Wall

. Street and social philosophy justify

his appointment. William O. Douglas can make

that commission function as a social force if the - President will

— Union B & P .. 15% ai

Jn ion Carb ... , 103% # Sv. 3

chief reason for the week-end break | for rain in Argentina and a gain in live values, which previously in | jn world wheat offerings. the week had yielded only 25 to| Corn prices exhibited a tendency 35 cents. Today's losses brought|to firm. A market factor was the

let him.

The chairmen who preceded him did much

to a point on short covering in- Cotton futures weak at new 4- pe F .... + & Rob 11 309, Ci duced by belief that wage negotia- year lows. A

tions were making favorable prog-| Grains in Chicago: Wheat up

a Un Pacific

: m on T 162 “ie nn : an 17, — Carrier issues gained fractions low, Am Tobaceo .- jth lo . 13% 18% + % + ¥ —_ Un Aircraft li fey

ress. Great Northern rose a point and smaller advances were noted in Southern Pacific, New York Cen-

14 to 14 cent a bushel; corn unchanged to 3 cent higher. Rubber futures easy.

3 “%|Un Carbon ... 73

Tn 4

Tl 88% 11%

values on weights above 160 pounds 60 cents below the clost last week, with lighterweights 50 cents off. Top on choice 210 to 225 pound butch-

development of unsettled weather which may delay marketing of the new crop. Liverpool wheat closed lower

to weaken the ¢ 0 m mission, Joseph P. Kene

‘tral, Pennsylvania and Union Pacific. Steel shares eased. v S. Steel lost more than a point and then came back slightly. Declines of

nedy was first a small scale banker, then a promoter and then a Wall Street operator. He was an ine telligent organizer. And within his

Artloom Asso Dry Gds.. ers was $12 today. under pressure of an increase in

Supplies practically lacking today.| shipping offers but price fluctuaCompared with the close last week, | tions were small and trade was strictly good, choice and prime fed | generally dull. Dry weather consteers and yearlings are fully steady, | tinued in Australia where the crop with common to medium and merely | needs moisture badly.

good offerings 25 to 50 cents off. CHICAGO GRAIN

Heifers lost 25 to 50 cents, cows fully RANGE

tL A Ar]

%t x + + +

Silver in London up 1-16 penny ) Co 12% at 19% pence a fine ounce. AlCHISon ne 1% F ...38

Atl Refining . + 5% sme v Yr. ives Ya Atlas Corp pf... 46% yn To oo .- 39

? d “eB . os 2 % 18 =i elt pt = 68% fractions to a point were noted in N. Y . Bon S ald oe Se wi En ; 3 52 2 108 Steel orale Wheeling, Republic and Bethlehem. | gy United press Ban : , Be 3 er | OP ES SH it News from the steel industry con- Nw 3 ves : Univ Leaf T .. 63 tinued to point to curtailment of BOND PRICE INDEXES Ya NR&StL..10% : % | Ut P&L A A lights, he proceeded to do his best ] : Loan 99, Nash- Kelv 5% 15 A 50 cents, and bulls 25 cents. The : : ios f large fore “production. 0 20 20 60 Steel .... 69% 69% ~ ¥ | Nab Ach 184 Te | week’s top was $18.75 on prime 1215- . Prev, | With DiS job. A man of larg : : ree Ind. Rails Util. Bonds | Beth Steel 7 pf.107%2 107% 107% 2 | Nat Tt... 231s 3 adium eo __""1,| pound steers, fed offerin s above $15 Wheat— | High Close close | tune, he was frightened by the dise DOW-JONES STOCK AVERAGES | Today ...... ...488.2 841 974 89.9] Black & Decker 21 a 1 . 25, aS 8 ’| Dec. ......$1.08% $1. HY sot $1.07% | aster which came down on many : Yesterday .83.2 839 014 898 “ees ooo airy 1 however, being very scarce. Bulk of eres. 1.08% 1.08 1.08% 1.08 » d, lik 30 INDUSTRIALS : sxe is ; 3 La% 3% : : 1.03 101% 1.03 1.027 | fortunes in the early ’30s an o 96.5 89.5 | Bosd . 2 1% 138 .." | wabash 3 3 3 the steer and yearling crop moved an intelligent conservative, he was Yu |from $9 to $14, although grassers . wp. | 20, [ie roe for rlfoms 10 sold anywhere from $7 to $10. evavers w10 2% Su 0. Yilling lo thiow a ow Lote Best heifers touched $12.75, mostly | May ...... 65 sa ena sen the wolves to save what was left. $7 to $9, with common kinds down Pr .65%b .65 But he was a Wall Streeter. He to $6. Sov never got around to thinking about 4

here Cn . . the far-reaching social and eco- ; 313 JSar-renchi Todays irade quoiaile nominally 3 32% .31%b in nomic implications of the force he steady. Compared with the close ) lled to regulate. He knew last week, spring lambs sold steady was ca gu ate, to 75 cents lower, mostly 25 to 75| yrs 8% .18Ya Toten Ta% how a market is rigged. He had me hi E ap cents Of, good snd chloe ofteing i Sire land “43 ; Yor as 10 MOST ACTIVE BONDS an Pac 2134) TY ream i 2 i; [Showing the leas; downium. : elo 94% | world he was willing to clean up High, 1037, 64.46; low, 38.93 Net Month Year | Saferplllar T... W141, Ii... er : nar dw. a2} = EoGS . 4 9 982] the game. He wanted to make the gh, 1936, 39.89; low, 40.66 Close Change Ago Ago Vs % | onio oil 5% 15 Sh —Y 00 1090 Exchange an honest, better run 20 UTILITIES In T RapTr3s'66 61% -- 3% 63% 95% Corp . 83 Tees i ; Yellow Tr ..... 15% 15 012. . Nov Si Hd casino. He never could see that Allis Chal 4s’56.105% -} : of 73h : Omnibus Pv x I Young Sheet .. 57% 57 . 23, 312, : Dec. .7.... 1092 10.85 there were parts of the game which

a aie x % : : . 12.f . Erie 1st 45°96... 95 ir 93% | C FEN —2 : {200182 : Jan. 10.50 = 10.70 impl 1d not b in harmon, 3 . = 3 Ct : Zenith Rad ... 34% 34% — SIMpLy could. not be run in. ony NYCH Stl4%s’16 77% ...82 96 Log ag : 2 --- | Owens Sh Glass S861 3s Zenith hs. 2h with the public interest.

So Pac 33is’'46. 96 Hel 99 case X [email protected] Commission Poisoned vellow (old), 97c; No. 3 yellow a, 94c;

Chil eS Cons Oil 3%s'51 99% 102% ... | Chrys ies Ni a pac Finance .. 114 . 1. : pa 2 Chi MStp&P5s’i5 171% 21% 233% | Cleve Grap Br 35% ac oe 2% h S b : 9 10° Chicago Stocks ughy Lights © 10] Kaley GI Ter N.S pei, biG | Fle filed the commission with By United Press a ediam ‘ 55 | (ne ; 5 yellow (new). 73c; Wall Street men—lawyers, brokers,

ver } ei Pacific Mills ... 18 MoPac3s '11..... 32% 53 apy | Cluew Peab 1 131 19) ow =| MarketStRy %s’40 93% 34 95 ni veights— ’ High a 160-180) Good anid customers men. Their influence Abbott 1ab ............ 13 43 43 poisoned the Commission in its : 5 4 1

Mr. Flynn

Week ago y 83.1 +0.15| Month ago 4 889 100.2 93.5| Borg-Warner .. 40% —0.68 | Year ago 7 99.5 1060 99.4 | Bdgept ; = 3 +0.09 | Two years ago .. 89.6 78.4 100.1 89.4 BRIyAM z Month age +0.38 | 1937 high 106.0 100.7 | Bklyn-M T pf Year ago : +1.68 | 1937 low : 82.0 96.3 888 High, 1937, 194.40: low, 147.38. 1936 high ........ 94.8 100.4 106.2 100.2 Budd ME i. High, 1936, 184.90; iow, 143.11 1936 ceeeees 90.0 84.7 103.5 . 93.3 | Burroughs . 20 RAILROADS = 11935 .. 91.4 86.4 103.6 93.1 | Butler Bros pf. 35% 41. 1935 83.6 71.0 89.3 83.0

(Copyright, 1937, Standard Statistics. Co.) | Callahan Zinc . Calumet & H... Canada Dry ...

Yesterday . Week ag0 ..vcevenicinneses

w yport In N Y Central ..!

Yesterday

Yesterday Week ago Month ago Year ago High, 1937, 37.54; low, 22.77 High, 1936, 36.08; low. 28.63 0 STOCRS

CASH

—No, 1 hard, $1.13%: No. 3 hard. Lea La ite, No S Dard

11: 0. 3 011%; sample hard, Sys Corn—No. 2

Pu

Yesterday .... Week A809 vviecinsessserrsies Month age ....vccosveeve-.v. 53:45 Year ago .......:iv..0-- eee. 63.67 High, 1937, 69.67; low, 49.44 High, 1936, 66.38; low, 51.20,

» 2 2

nO oD

aes Coca-Cola oe Va . 18 Penn RR4Y:s ’65 110 110%: 1127 oq =a Brdcast A . :| formative years. - Many of them linger, but many more have flown

n Gas Bond transactions approximated | Gol Bictures vie c 1034 $3,270,000 compared with $6,440,000 | Som Credit "i. & [email protected]. back to their old haunts now that bid: loose, sf 45 nominal; .eaf, $12.35 nom-| the pickings have revived. fais elifen, $1035 ask. Mr. Landis was a different type.

ve 53 last Saturday. fo Soiyenis ie os ] Comnw & So 2 Cong-Nairn .... . 29 Cons Yiiohats” . Cons a He was supposed to be a scholar, LOCAL GRAIN thinker, professor. Actually he was —CASH= just a professor. The most amaze. Wheat—Nol, hard, $1.18%: No. 3, $1.11: | ing feature of his regime was his i No. 4, $1.06; No. 5, 1.01%; sample, 83@ | lack of curiosity about the turbuFuller Miz Co -. : 3v CATTLE ; 85c, . 2. yellow. old, 9c: No. lent and little understood world he Gen Fi : 43 y No. i (new).' 172c; No. was supposed to rule. He spent his time on the nonessentials and let the great essentials go by the board. He was a far poorer chairman than Kennedy because he was a more bewildered ore. Kennedy knew his Wall Street. Landis did not. His role of thinker and brain truster

Medium Weig! (200-220) rea g and choice... (230-380) Sood and choice..

t5— » Siz En Good and choice.. . ( )) Good and choice..

U. S. GOVERNMENT BONDS Treasury Bonds

SHELLED + +t 4 a os 88

3 ’ » Hig Low. Close ; W ee kb S Bu SINESS | 3: 1943-41, March . 15 106.15 106.15 Cons Edison pf. Phillips Pet Comawiih RS SOT Sis 1904s 106.12 : : 5 O Pittston 3% ax Cunningham Drug +..." 9 97.26 97.28 97.26 : :

plymouth oil . Dixie Vi

Poo Port Ric-Am A. Press Stl Car .. :

wow; 009

33s 228

At a Glance |i

ADVERTISING—Advertising Age: Week Sept. 18 retail advertising placed in newspapers of 80 major | Jiarch ds 1948 cities 24,054,239 lines vs. 19,461,660 September 2%25 1938 .. previous week and 23,229,366 year | DEcomber 1's 1938 ....100 ago; year to date 731,512,801 vs. 8 : 700,708,040 year ago. AUTOMOBILES — Ward's Automotive Reports: Production this week 45,830 units vs. 28,030 last week and 23,175 year ago. BANKING—Federal Reserve: Gold | September 2s 1942 111, stock up $40,000,000 to record high Home Owners Loan Bonds Bea yh” at $12, 734, 000, 000; excess reserves 2%s 149-39 100.15 100.15 100.15 Teenie 24> $.,060,000,000, up ‘$40,000,000; brok- an a OM viii. ers, and dealers’ loans off $44, |3s July 1955-45 10 100% 2.93 ire i BT : Stand Dred ot. 000,000; circulation off $9,000,000; | 3s January 1956-46 1 } t Seag bes 16142 i Fi; 2 ET eae a Minn ratio unchanged at 80.2 vs. 79.5 a ‘94 | Dixie Vortex ... year ago. Dun & Bradstreet: Week |4s July 19 C0 ar] De Sire. ended Sept. 29 bank clearings |3: November : ; : : : $5,221,571,000 vs. $6,500,527,000 Dre- | 4s November 1957.37 jo0™* 103 q:i% | Dunhill 3d Go| Edam 5 an Curb Stocks vious week and $5,547,785,000 year | 44s Novemier i si 2 +1 | : S Noch on a da | ! ago. { East R Mill ... c : Net COAL — National Coal Assn.: BES nt ut . Att Airlines. TF LY, Close chine Week Sept. 25 bituminous output Eitingon Soh ., 5 ee ing .... 10 10 4| am C = = 9,485,000 net tons vs. 8,794,000 year . Elec Boat _.... y ago. a a = thos 50... El Paso N Gi CONSTRUCTION — Engineering | 47. Co Del is 55 .... Eo Big ¥. News-Record: Awards this week | Atl Const 145° 52 .. $42,494,000 vs. $42,177,000 last week |B & O.4s 48 - and $57,070,000 year ago. ELECTRICITY—Edison Electric Institute: Week Sept. 25 output 2,- DP Irestone i 265,748,000 KWH vs. 2,280,792,000 | First N Strs 0. 31 3 | Std Sra ot of..

previous week and 2,170,807,000 year Florence Stove. LOCAL ISSUES

ago. : R FR 1 1 Folsnshee FAILURES—Dun - & Bradstreet: Sorel (By Indianapolis Bond & Share Corp.) The Iollowing quotations do not repres

Foster Wheel .. Week ended Sept. 23 159 vs. 139 previous week and 134 year ago. INDEXES—Dun & Bradstreet: oI Se Basal Sa Week ended Sept. 29 business ac- Based on buying ‘and selling inquiries or tivity 93.4 per cent of estimated nor- recent: transactio bs mal vs. 92.8 previous week and 90.0 5 vear ago; food index week ended cits Ind Te Tel Tg 4Ys 61 .. J Sept. 28 declined 4 cents to $2.88 vs. HT 0 $2.75 year ago. Moody's: Week 2 ct Tel RW 3.538 Mew Bagstiis is Sept. 25 business activity 103.6 per Indiana Tel Co 55 60 ......... 98 100 cent of 1928 average, lowest since Feb. 20, vs. 104.9 previous week and 100.4 year ago. LUMBER — National Lumber Manufacturers Assn.: Week Sept. 18 production by 553 mills 264,507,000 feet vs. 238,097,000 feet by 559 I : : / 108 mills previous week; shipments 220,- | x2: uw gis y ey stad eG 104% 128,000 vs. 205,036,000; booked or- 4s y . or eT Ta Water Notks $s 4 Lena108 ders 210,391,000 vs. 171,396,000. To .

83 = OCI bd oven 8 OWI oN

Slau hter 140) 830d 2nd choice. .

Om SOED i=ke NN midi

09 9999 Od

a

Vine vetiow (new), 85c; No. 5, 73c: No. 2 (new), Jo 80c; sample (new). Oats—No. 1, mixed, 32%c; No. 3, In white, 333; @34%c; No. 2, Yeast 3. 32%c¢: cample, 31 Jac. 3 No. 2, 801 @ Ble: No. 3, 83'%ec. 40@55¢; malting. 60@87c. No. 2, yellow, 98c; Timothy seed—$2. 253 2.75. Clover seed—_Unquoted. Cash ° visions—Lard, $11.25 bid; $11.25 Ml leaf, $12.25 ‘nominal; bellies, $16.25 ask.

et pt

: C (900-1100)

Soove XD

-3 S599

MONOD DW WO ea moo obmD i ld RNIN SH I onl a

oom

ry M 7 ie as Weerasos 39 5s a di £, .2 9 2 ee LA .......138 (1100-1300) ik

Cutler Ham ..

HR HC OOS OO, INCE EI BI bt DO WIT; EI. + NESE R etwas Ra km. -

LIVERPOOL WHEAT

October

(7150-800) Som md choice... C December Mar:

ommon, medium.. evs «$k: on $1. So 81 58% ‘Cows .

1.35% 1.34% 1 34% . 1.30 1.29 1.29% 1.29 1.28% 1.28%

WINNIPEG WHEAT

won or ow Soo

e Low cutter dium cutter enn

Good (beef) Cutter, common and ig

a gee He

09 O98 9 ho

ono

‘ Vealer —Receipis, ® 5 Good and choice. . Mediu

m van B ... 27% a8 Ti Cull and medium. . oid

Ca Am Maracaibo I iz 1 (250-500) Good and choice . Sim Saw & Stl. S mmon, medium. Smith A' O 9 Are N Sas a ae : 3 Feeder and Stocker Cat Socony- Vequiin. ; 8 oe 64 oh Steers So A 3 1 4 A 1500-800) Sond and choice. . . mon, medium. (800-1050) Goo and choice.. Common, medium . Heifers—

Good and choice Common and medium . Cows— Good

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Abitibi 5 s53 (M) an Strs 4'%s 50

Sow SSS

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Van Camp Milk ‘Co pfd Van Camp Milk Co com ..... 11 Bxdiv} ided

s 50 . 0 Pacific 8s 81 0 Pacific 4%s 68 ...

Fd an Inc 19.26 20.43 ‘* 1339

(By M. P. Crist & Co.) Gen Cap 35. 8 38. 33 Nor Sec xMarket St. Investing Corp ... 28.20 29.99 In Bon 5.7 an 6.21|Qr Inc nw 2

-3 a .

— Ob HG) OIL =

« 5 15; 8. ; : % Sh 3 v [33 3 3% ; » Chole . : 150001635 WhGes . did not sit well on him. Besides he 1% 1 Rand .... f :103% He had his eye alwa, th - 2 1.01; oth d their merits. ys on the dean Nh § (no Vid on 86 8 Site + “17 [email protected] 2 red Sib ‘new Noo 3 Fellow, Bic. Oats, | ship of Harvard Law. He got the Reyn Tob B’ .e Quak 2 i [email protected] Buberoid (x revs 33 = gic oi prota Hin ui) mea Good 110001373 weakened and a good deal at sea. [email protected] Douglas Is Different 00@11. different feather from. either, He has no extraneous ambitions. He | or honors. - He knows Wall Street eee fh Qt... 3 of i $130 1.30% 3 31% where he once labored as a lawyer. —though Jim Landis liked to speak F000 AT WHOLES ALE of him as wild. He is thoroughly : Also, he gets a break. DROPS 1 q IN WEEK For in the first years of the come 1 0 mission no Douglas could have been : to fulminate against Wall Street, Index Declines to 2.88 but he always was for going slow a Wall Street break might hurt him, EEP AND LAMBS He m SHEEP AND LAM e must take his full share for the . 2.00@ 9.75 Foodstuff prices turned sharply |Landis. But now the President is Medium ere 7.00@ 9.00 | downward for the first time in three | 8N8Ty at Wall Street and all the ccordin, h kl - S115, G Good and choice... 3.00@ 3.50 weeks, according 19 the Weekly sur him on the spot. He probably will FT. WAYNE, Oct. 2 (U. P.). ~Fous_Mar- today. The decline of 1.4 per cent las. If he does not, we will see at 180 lbs. $135: 20-210 Jos 311480715 | on September 28 from $2.92 a week | Wall Street regulation. $11.25; 140 s., $11; 130-14C lbs, The current index in still Lambs gable 103% k Lara to 25c lower; Fou hs. 50c lower; bulk England (pound) doen 10 00-225 _ Ibs. sits @11.00; 225.275 1bs a bi | 101 70; 150-170 lbs. | Were the five commodities that ad- | rate) - -4.9% 3: I Aen [email protected]% | vanced this week, while the thirteen 0 down; aa So? 10wn: lambs, $9@i0.| declines included rye, bacon, lard, ——— cheese, sugar, cocoa, peas, peanuts, : rk Graha -Paig e SEPTEMBER MILK Commodity values, with few ex- Sand (franc). 3508 : n STOCKS OIL—American Petroleum Insti- Grand Union 3 Belt St vds o . 88, INVESTIN AS CO.’S : Bae Fes oa) 7 RR St Yds Sse we ie D i sess es s (By N. Y. Seourlt Dealers Association) i Norway (krone) averaged 3,666,300 bbls. daily, | : 1 = Some Sower vid Bed 7s.000.000 2g "Ak by the sharp reaction in the stock Denmark (krone) "2313 fh m 4900 from previous wee gasoline Greyhound €p. + " In ~ . Am iC 4 m2 Milk Administrator, today an-|Spot prices, as well as futures, suf- | Austria (shilling) «1886 RAILROADS—Association Ameri- NS 1922 2: i s: Week t. 25 car- Hat Corp ...... eee 23 Broad St 28.46 30.44 for the last half of September, for| touching new lows for the year. can Railroad eek Sep Hecker Prod “ees $1 88% | Cent N A 2 36 38 distributors to pay farmers: — eee ee Yaiachma) .. 071 1930, vs. 826,565 previous week, 807,- is 5t 2 Ry Son —- pls Nai'L a (old 5s SL 102 Va ii yort ago and 950,663 in like P&L 412 81 A ee rz allory Cp Tr shs 262 Mu Inv Fd 30 11-8, $1.80 cwt.: Class IIT, $159 cw Poland (zloty) - Foe 1 week. - : . “ene . se STEEL—American Iron & Steel ys pu 8 Hupp Motor ... 3 +s | 3N Ind Pun Serv Bid % These prices are to be paid by dis-| . NEW OFFICER TODAY Arseatine fom 5 00 a ‘- 9.33| terfat content, purchased by them ial peto scheduled at 74.4 per cent of capac- x cle Ish 11 Central .. : «+. | Elec 55 10.32 SOUTH BEND, Oct. 2 (U. P.).— | Brazil (offi milreis). ity, vs. 76.1 last week and 75.4 year Be RI a 314 | Ind Ravon .1'! 30% pro A LE $5 ritg| pe last half of Sepiember. AES) raves BL Powrtin Ihe wade DIE 03 1 FR Fiscal Fund I cel 10.88 pected to be chosen president of the Shile oir. tons vs. 1,000,000 last week and 997,- Found 4.30 4.60| “ 1955 3.0: Indiana Real Estate Association to- | Uruguay (peso day at the second session of the | Hongkong (dollar) . . TRADE—Dun & Bradstreet: Re- PL Sry

cur. (1300-1500) Bri : ¥ City grain elevators. are paying for No. i sed with a specific ambition, C . 24% y Revere Cop .... + 5 114 2%c. plum. But he left the Commission [email protected] Mr. Douglas is a bird of a very has no hankering for either wealth 1364 128% 16% He is a student. He is level-headed honest, courageous and a liberal, its. chairman. The President liked 5 behind the scenes. He was afraid Common and medium From 2.92. = timid licy of Kenne an Lo Jambs verse $ [email protected] re a 3 Ghote COMMON «..ivssirsassossees 5.00@ 7.00 economic royalists who have put Common, medium.. 192 3.00 | vey of Dun & Bradstreet, published | ot 01d so tight a string on DougA a Yee. h0-300 Ibs, siies: 1so- | carried the food index off to $2.88 | least an intelligent approach to $1075, 120-130 Ibe, $0.50; 100.120 Ibs. | earlier. FOREIGN EXCH $10. $10.25. roughs. $9.50; Stags. $8.35. Calves | ghove last year, but the increase is CHANGE YETTE. Oct. 2 (U. P.).—Hog mar- narrowing. iin rH st ci ME §iz = 200- Tbs., $11. foo 96; ‘Flour, wheat, corn, oats and butter England (60-day bill tes $11. 70011 Roughs, 5 Sch Cr iit 3, : ¥ eggs, potatoes, rice, prunes and hogs. Ris wi | ceptions, were generally lower this | Holland (guilder) .. tute: Week Sept. 25 crude output) N Graph wT. 3 Belt BE St ds com oo. PRICES ANNOUNCED | (oe intenced to a great extent | Sum, gia) 255 Home W 78 +... 00 30% Ad Fds 2d 12. a 188 3) Schoelkopt 2.12" 3.12| Leon C. Coller, Marion County | market, the trade agency reported. eam: fone) ial stocks 65,620,000 bbls., off 437,000. wana xInd Gen Serv Co lll!!! To | Am 19.04 | nounced the following milk prices | fered severe losses, in many cases | Ccchoslovakia = “© 1"! | Indpls Gas Co com ; Bs Fd Inc Fone arkEa) .e .: 0220 T Bese al Holland Furn Lit pid 6% 891% . : loadings 840,446, high since Nov. 5, olland Furn p 28 2 Sent ir, i358 Ball CRS gd 924 Class T, $2.54 cwt.: Class I-B, $1.88 : New Zealand cat] s pt 1108 11:50/ Mass Tov - 2334 2470 cwt.; Class II-A, $1.94 cwt.; Class REALTORS TO NAME fpound) Sor E Bub Serv Co ord 5128 64 — 12 : #0 Argentina (offl peso) . rgen - Institute: Production this week Hefs Par 4s .» 20 com 6s . tributors for milk of 4 per cent but0. United Press estimate: Steel Inland Stl Equity James R. Day, Anderson, was ex- | >aireignom ago. : 2.94 3.39(No A Tr '53 3.44 = "Debi 1 Ls Decline Mexico Siloo Cdoliar) . 000 year ago. (FEDERAL RESERVE BOARD) 5

annual convention here, succeeding | Shankhai (yuan) ... .29 Roscoe Hemstock, Hammond, : Pe pn ER Approximately 100 Indiana rea a —— estate dealers are attending the CHICAGO PropTE arket, Hn, TE Sr oH bell 2 cers. The retiring president, speak- | checks, 16; dirties, 18¢ ‘ ing before the group yesterday, said . : “Indiana realtors now are enjoying sR @ 30h: Sth the most active market in years, WA standards, sh le@3%c: on with prices only 10 per cent under | 33 score), 34%c. } the peak of 1929. I predict another i - Market, Soaks Ki Jeosints, 4 {tusks period of peak prices beginning in | roosters, Tha ise; som iE iB nase: 1938.” broilers, 16@24c: turkeys, 16@25c; lege

horn hens, 15%ec. : Cheese—Twins, 18% @184zc; daisies, 1834 @19c; longhorns, 18% @19c.

Las

| dad

tail this week 3 to 8 per cent over last week and 7 to 10 per cent over year ago; wholesale, 10 to 20 per cent over year ago. CORPORATION NEWS — American Power & Light Co. and subsidiaries 12 Son ended Aug. 31 net income 63 cents a common share vs. 6 cents previous 12 months; FOREIGN BONDS American Smelting & Refining Co. Argent Aas MM sinivis Keystone sii: and subsidiaries, first half net $3.38 | Canada 6 53 00 0 1108 1333, 133, | Kroger G&B .. 18% 18% 107,

1 A Inc 1.76/Sel Zoe D

LOCAL PRODUCE | 4 f eS,

1.50(State St (The Prices quoted are paid for stock| Food 8 95/Sup Co A gathered in the country, while for geliv, . 1.15 eries in padianapolis the prices are 1 cent| Merc

Sto BN

es

ano Tet: DIE HELE

ME RFR ERR ER

BOSSES ENEEEES

1.26! “ C

. 1.50] “ D higher. a ds" gross 1, ease of eggs must weigh | Mi : # 3 a super AA gs—No, strictly fresh, loss off, 2ic 1 % Sub. New 1

Johns Man .:.. 5

WN) \

ARNT NAR

Yor ay 95 - 2 0% 11% Kalamaon Stove es Ya i].

Bs Woo THDWOENNANLO, DRL, b CR '

: 41 ida «200 —— a common share vs. $3.01 year ago; Dai i 01%, 1

Beatrice Creamery Co. August quar- | Can 2155 45 .....v.. 99% ty 9 ter net $1.77 a common share vs. 34 8 zen i E Rub 18 cents previous quazier ad $1.74 Raly is 51 .........0 #4 Gomme 1% ‘year ago; Commonwealt son Co. x : Va Rirst 8 months net $1.46 a share vs. y 6s a : 107 107 107 |] eh yal RR ... 10% 97 cents year ago; Electric Power & | Fert 6s 60 13% 413% | Lerner Strs |... 38% Light Corp. 12 months ended July | Light Co. 73 cents vs, 63% cents yB.. 93 31 consolidated net $1.09 a common | previous quarters: Lee Rubber & AL 3 = 38 share vs. 12 cents preceding 12Z| Tire Corp., 60 cents vs. previous 75 months; Southwestern Bell Tele-| cents and 25 cents prior to that; phone Co. first 8 months net $6.40 a | Moody's Investors service, 50 cents NEW YORK COTTONSEED oI common share vs. $6.3¢ year ago;|on common, first since 1931; PF. E. Na. sh. B h Low Close re United Gas Corp. 12 months ended | Myers & Bros. Co., extra 50 cents: | Ludlum Sti . Pub. Deb Bai. i hens 0 3 Hise diese fh July 31 consolidated net $11,438,261 | Simmons Co. interim 75 cents vs. Gold Res. 12.140:223 01 01289 10,845.017638. 3 January ....... al 137 738 vs. $9,160,602 previous 12 months. previous 50 cents; sunstrand Ma-| Mack Bui ’s 115.611.274.18 ota 898,005.60 55 7. DIVIDENDS — Alaska Junceu chine Tool Con 50 Senis on common Manat Sug Gi Inac. Gold . LE 727.21 81, 208.135, 94.24 Gold Mining Co., extra cents; Fyr| vs. previous cents; U. S. Plywood | Man El mo te Fyter Co., initial 40 cents on com-| Corp. initial quarterly 25 cents on i Aros CLEARING HOUSE mon; Gardner Denver Co., extra 10 common; Willlam Wrigley. Jr. Co, Ma ] os cents on Common; Hartford Electric special & cents,

NOER EER SE FRE FNS §

¥ooD PRICES GO, U. Apples— Michigan SicTatosh, ; soc si Sweet. Pota- Fe hot 3 toes — Tennessee, bu. hampers, 75@90c. oF Carrots—Illinois, Siiaes, 1l2@2¢. Spinach Or us]

i ehigan, bu., 50@75c. Tomatoes MichNt ava

debits is one of the best measures we have of the speed of money 12-qt. baskets, 25@50c. Cauliflower— an crates, [email protected]. "Pease Califor: Jat COMPANY Eo

-—- Q

BOSTON, Oct. 2.—Because bank

00 9900 BD mt bd Ly db 9 WIN IED

+11 1+ +: H+ +++ nN

“Heavy breed h Ibs. and 18¢ SiIr - Heavy breed hens, 5 lbs. and over, ; Leghorn hens, 13c; heavy breed broilers, Isis am ta. | Tr St 1937 stock, 2 lbs. and over, 19¢c; Leghor Gh ako broilers, 1937 stock, 2 Ibs. and over. 17c: thves Bi bareback broilers, 1937 stock, 5-lbs. and| Bng over, ldc; old roosters, ge; pucks, full-| 15 P Reese, Tull-Teathered andi hg Te ese, full-feathered an at. oy : 3 : Ruy eae oo 15'14 1a COMMODITY PRICES b er—No. 1. 1 9c; No. 2, 16%@ COTTON 1 | THE PARKER CORP. GENERAL DISTRIBUTORS 37c. Butterfat, No. ; «No. 2, 32¢c. : : INCORPORATED INVESTORS U. S. STATEMENT WASHINGTON, Oct. 2 P.).—Government expenses and re 3 for the cur-| jp rent Ns fiscal year foro Sept. 30, ae Expenses Recei ts .

s_Yea -:8}, IY 514, 245. 86 $1, 580. 00; “764. 87 ,763.67 3. 135,915,677.54 , 2% 823,482.19 o 334 884,087.13 2,850.661.771.84 2,187, 582.677. 38

Spot, 8.47—. 07.

ally from July debits but surpassed | 77/2@95c; Idaho Whites, a year ago by 7! per cent. In .46| fact, debits were the largest for 52 1.53 any August since 1930. This is all the more remarkable because in addition we now have a record amount of cash in circulation for this time of year, -supplementing bank debits.

sap! Chars =

SAFE DEPOSIT BOXES * The *

Indiana National Bank of Indianapolis

May esssssness

BUTTER |

CESESES 8

circulation, it is invaluable as a measure of business activity. Au- | fi crater S5ashe. Grons (GB. saoke) gust bank debits fell off season- | Idaho, Washington Colgrada Vaisn enci ;memete FEDERAL DEPOSIT INSURANCES CORPORATION

+++: +

. .

; h- Low November oc.eoe We 33%,

G . 18% Masonite. Corp. a

» oe . .

¢