Indianapolis Times, Indianapolis, Marion County, 8 November 1937 — Page 11

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MONDAY, NOV. 8, 1987

STOCKS

PRESSURE

Industrial Hit New Low in Two Years.

| Averages |

APPEARS ON HEAVY MARKET

NEW YORK, Nov. 8 (U. Stop-Loss Selling ‘Carries

P.) .—Stock ‘prices

dropped |

fractions to more than a point | as pressure appeared in the

market. Dow-Jones industrial averages reached a new low for two years.

bile and metal shares

tured in early heavy selling |

market. After U. 8. Steel dipped to a new year low at 51 some support appeared. Kennecott and Cerro de Pasco made lows for the year, but firmed slightly from the lows. Anaconda and American Smelting had fractional losses Atchison equaled

new

its Tow for the

vear off 2 points but rallied a point. |

Other rails were easy. Oils were weak as Phillips Petroleum lost 21% to 40 and Standard Oil Jersey 1: to 48% " =

Today's Business At a Glance

CORPORATION REPORTS

American Commercial Alcohol Corp. and wholly-owned aries, first nine months net profit

$659,229 equal to $2.53 a ‘share vs.

$449 813 or $1.72 year ago; SeptemI'M

Der uartet indicated net profit

of New |

| rallies.

{Corn

| February. (2 re

subsidi- |

Golden Cereal Sharply In ‘Chicago.

CHICAGO, Nov. prices broke to new lows today

8 (U. P.).—Wheat

Steel, automo- | tne chicago Roard of Trade. fea- |

At the end of the first hour wheat was 1: to 1% cents lower, corn was 3 to cent lower, and oats were to cent lower. Farly weakness was offset by cash

5¢ 1

1 4 2

| interest buying and local purchases

but the rallying power was not strong enough to sustain sharper

After a late break stop-loss selling carried wheat to new season's lows. Receipts were 124 cars. Corn developed an easier tone due to small prompted by a weaker spot market. December futures touched a new low for the season. Receipts were 453 cars.

under-

ARGENTINE UENOS AIRES, Nov. opened lower. Wheat— off Ye: February. 98%c November, 643c. off ic; off Yc. Oats— SRdt Flax- November, $1.31%%2, $1.25%, off Vie.

GRAIN 8 (U ) Grain December off

B futures $1.06% LC. 291%¢ un -

63lce, 3 off lsc;

changed

WAGON WHEAT elevators are paying for No other grades on their merits, new No. 2 vellow, 4lc. Oats,

Citv grain 78¢

corn,

red, Cash He.

LIVERPOOL WHEAT

on |

December. |

| Colum Gas

or $1.01 a share vs. $120,787 | 46 cents year ago. Crown Drug Co., fiscal year ended | Sept. 30 net income $229,160 equal | to 39 cents a common share vs. | $269,697 or 48 cents previous year. General Outdoor Advertising Co. Inc., September quarter profit $433, - 289 vs. $589,180 previous quarter and $334,368 year ago; nine months indicated profit $765,863 vs. $435 734 year ago. 193% International Ry. Co., including | 193% rail and bus operations, first nine | 1936 months net loss $331,740 vs. net loss | 1936 $186,779 vear ago. ays National Candy Co. and subsidi- [100 ary, first nine months estimated net i A loss $561,807 vs. net profit $237,069 equal to 70 cents a common share vear ago; September quarter net | loss $243 614 vs. net profit $99,601 or 34 cents a common share vear ago Nevada-California Electric Corp., |'Mo Pac September consolidated net income | Port Cer $46,858 vs. $79.125 vear ago. twelve | Fon hse bs months $749,716 vs. $936,388 previous 12 months James Talcott, Ine. September Curb Ste Stocks quarter business volume $23,487,583 vs. $21.802.472 ‘year ago, up 7.7 per | Bv United Press NEW YORK, Nov. 8 (U. stocks opened easier,

o N. ¥ Bonds By United Press BOND PRICE INDEXES

20 Inds. R3.5 85.0 . 302

20 Rails

20 Utils, 95.4 95.5 96.2 106.1 108.0

60 Bonds $3.% 5.4

2 9

Saturday ™ | Week ago

Month ago

‘ ™.

82.5 M3 90.0 91.4 4 R36 71.0 Standard

3 106.2 103.5 103.6 R9.3

Stan \ statistics

£5 an

NEW YORK, Nov. | opened steady.

8 (U.

Open Cha ang Chem 5'2 103%; Farm 43s

Amer 1 G Cleve Union Ill Cent Italy 7s * Man R} Montana

cent; nine months $74652810 vs. $59,857,674 year ago, up 24.7 per cent Yukon Gold Mining Co., Septem- | ber quarter profit $361,000 equal to | 10 cents a share; first nine months | $842.000 or 24 cents a share. Company states figures are based on unsold tin at cost whereas in previous years it was carried at market price

Net Am Cyan

Am Lt & Tr Am Sup Pow

Bil: & PA

Pantepec Un Gas

Un Lt

INVESTING 00S

Bid 4. 31 15.75 54

DIVIDENDS

Motor Wheel Corp., regular quarterly 40 cents on common payable Dec. 10 record Nov. 20.

tCopyright, 193%, by United Press)

STEEL PRODUCTION DECLINES IN WEEK

CLEVELAND, Nov. 8 Further curtailment of steel production last week reduced the National operating rate for the industrv 4 points to 47 per cent of capacity, but the decline shows signs of slackening and several favorable ‘developments have appeared, the magazine Steel said today. Placing of substantial tonnage in the Pittsburgh area by the Ford Motor Co. good inquiry for steel rails from Southern Pacific Railroad and taking of bids for the ex- | tension of Coulee Dam bring an aggregate of about 200,000 tons before steel mills.

Bid Ask Securities Lid. Grp ow veh IHS OR = 16,70 Invest, an 53 bang B 6.2! 25.11 lst Bos 1.36 21.98 EH 5 2 nv Fd s {Key cf ..|Key ef . | Key Kev Key 500 Key 1.31, Md 18.75 19 60, Mass Inv Mut Iny 9.06/Natnwd 43|Nat Inv 5, New Eng 12.3¢ MN. Y. Stocks, | Bk Stks

Bldg Elec Eat ra

As $k 4.77 Insti, 17.25, Bk

Affl Pd Amerex Bas Ind | Bos Pd Brit Type Broad St . { Cent Tr . {Ch Tr Shr "AA 2

”

—

“TBI ~T =T AND BIS ~T

» Ace Dp Bk NY 1. Dep Ins A 3

Div D Div Shrs Fidelity Fiscal Fund, TInc.: 2.66

Fk pt ot pot BS pk

DADO

(U. P=

p—

sec 3.2

—

B-TIBBJD"" LI ;< pt

Group Securities; 1.2

Pt pk pk ok” Be BS RINIES TRH T-1 Wane ¢ eu

Bk pk ek aaa

DD Dt ALIN D ND en

pk po > 1

Tr 1 K Well “Fd 1

Flynn Explains Two Factors in Appraising Business Conditions

By JOHN T. FLYNN

Times Special Writer

WASHINGTON, Nov. 8--In appraising the present business situa-

tion, the average newspaper reader must find himself pretty well puzzled | In ‘one column he reads about | is | told that in this line and that one business activity is far outstripping |

by the many contradictions in the news. the declining and disturbed business situation and in another Me last year while Profits are being reported on a scale hot reached since 1930. To get an adjusted view of the. whole scene, it is necessary to keep |. inh mind this important fact—that business reports deal with those factors ‘which measure actually eur- | rent business operations. Another | Mediately current set deals with those factors ‘which tions are contradictory. have a bearing on the future. | ‘again another important distinction Now first as to the news which | Must be observed. Business divides deals with current business opera-| itself sharply into two great ditions. In this field it is very vasy | Visions. for the casual reader to get lost. NESS which deals directly with conNews of this sort falls into separate sumers—retail ‘stores, amusement | groups. Ome is statistical—is is-| and utility ‘and some transportation sued by various government or pri- industry which sells its products to | vate statistical organizations. In | Sroups. Then there is that part of | the very nature of things it is not| other producers—whose product ‘will | possible to assemble facts swiftly | Pot reach consumers for months — and make Sense out of them, It Olten Many months. takes time and therefore we fing Current business in the field deal the Department of Commerce or| ing directly with consumers has Labor or the Reserve Board putting | been rather good--holding up fairly out figures in October about pro-| Well. Current business in the large ductioh and employment and wages | Producer groups has not been wo | and prices back in August. These! good. Precisely how good or bad we reports are published in newspapers | Shall not know for a month or so and financial journals and readers Vet. are not always too careful to note| Then there is that area of busi- | that they are being told about ton- | ness statistics which deal with the ditiors ‘which are already two future. They enable business, finan | months eld. | ciers, speculators to form opinions | Another group of facts are pub- | about the shape of business to come. lished which relate to more imme- | Tt is this group of factors which has diate dates. But these are often | hot looked so Well and has caused | surmises, are incomplete and spotty all the troubled feelings in ‘Wall and sketchy. And considerable | Street and and other places

make whatever use of these reports his prejudices dictate.

business opera-

—Curb |

Gair

i | Gen v | (en

| Gobel,

| Gt

¥ | Greyhd

{1 {| Ingersoll | Inland Stl | Inspir | Ins | Inter

{ Inter

room is allowed the commentator to |

Now ‘even the reports about im- |

And here |

There is that part of busi- |

WHE TNDIANAPOLS TIMES

By United Press

NEW YORK STOCKS

—

High 97% 2

Net Last Change Adams Exp Ys Alaska Jun . Alegh Corp 1%: Alles £e Bt $30 13

leg Steel . 152 iad

: - A |

» -

HONOBDII TD Ne sls DHT NWO aT DO IDI SD pt = J &

Allied Chem . Allied Stores Allis-Chal Alphi P Cem Amal Leath Amegada Am Br

| Am am ar&F Chain Color, ..... Crys Sug .. Enc Sil .. & For Pwr Loco

Mach& Fay Metal Pw r&Lt

Bo a]

Ste %\

tH TREE

LO eC

BD st Pt bs ® »

n »

Po» ® nN tt dt BD RD CITE Ir Dre OO ND BNI =D ®

bt Flt GO BD 8D

pt TR CORD BD para

Lr » Ww. oa

| Ww Solon pi l Anaconda Anac Arm a 1 " . Armstrong Ck. [| Artloom Atchison Atl 'C Line Atl Refining Atlas Corp Auburn Auto .. Aviation Cp

Sai NO in DBI DD is Dole sa = Pr " -

0 axlICows

a ER SE

w >

3 ROC COCO £3 5 ON in wan

Bald Loco ct wi Balt & Ohio Balt & O pf.. Barnsdall “ve { Bendix Avn.... Beth Steel | Blaw-Knox Boeing Air Rorden ot 8 Warner \ A

—

— CF

FEE EEE

Bue: rus Erie Bl 1dd Mfg

liquidation |

Byron

Calumet & H Campbeil Wy Canada Dry Can Pacific Case, J 1 Caterpillar T Celanese a Cent Foundry Aan Lerro de Pasco. 40'2 $C Jain -teed .. 6 Ches Corp .. 44 Ches '& Ohio... 363% Chi Pneu T .... 11% Chi.Pn T pf... 30 Chi R IT°&“P... 1} Chrysler “....... 93° City Iny. .. | Climax Moly | Colgate-P-P Col & Aik Col Fuel

ga qv Co 297s 11!

Sen 1

ures vie 15 pf. 31 40

Col Pict Col com

Pictures Credit

Comnw Cons. A Cons

s lwwere 25 cents weights were 15 cents

Dre LITER OI PI LI DN ND pe

aan

Crown ork Sar ERS Crown Zeller Crucible St | Cub-Am Su

PILI oo»

Cutler Ham

| Das Deers Deisel

fga cu

pf WG

[ Dome Mines Douglas Air Du Pont

East

{ Eas { Eitingon Elec Auto Elec Boat a | Elec Pwr& Lt | El P&L $6 pf + 37 . St

Exchange Buf.

Fair Morse Fed Min & S... Fid Phen oy First N Strs Flintkote Follansbee Freept-Sulphur

Robt Robt

& on ®

| Gair | Gar Gen | Gen Gen Gen Gen

~~ ® » ~~ eo»

Aww of FF Jy:

ILS Coororrt ED mf pt © J ON DOWD nT LI

1358 COOrIr+

Gen | Gent Gen Gen T & Gillette S | Gimbel B Gimbel Glidden

B35) bk pk jt 13 “IPI DIP UN st O00 pt © = J OD wT = CI

Adolf Goodrich Goodrich nf Goodyear ' Graham-Paige Granby ' Glidden Rts Grand Un nf at North pf Nor Ore .. Green H 1... Greyhound Cp 51; pf

Gu M&No pf

FEPPPPPVIPY.

5d =

Bek kt BI ky JOB DDI TS a Fok fk it 130s £3 ~109 OD DWN 1 t FI:

kk pk pk pk ~IO ODI CI |

1 1 4 1 1

—

Haves Bdy v Hecker Prod Herc Pdr ' Holland Purn.. Holly Sug , ... 2 Houd-Her, A Houston Oil Howe Sound Hudson Motor Hupp Motor

DUN =o | - ® a

FINI I= BI00 C0 “Tu —= DUN yh 3 S a oO

we.

Central

Ind Ravon “ Rand 7 62 atn Cop hs cts Md .. RT Inter Rub .. Iron Int Agric .. Int Ag pr pf { Int M Marine. . Int Mining Int Nickel Int P&P A .... Int P&P pf... int TXT

LOCAL ISSUES (By Indianapolis Bond & Share Corp.) The following ‘quotations do not repre- { sent actual bids or offerings but ‘merei indicate the approximate market | based on buying and selling | recent transactions BONDS

Citz Tnd Tel 5 H Tel & Tel Ft W 5155 85 ...., H Tel & Tel F't W 6s 43 | Ind Asso Tel 5'%s 65 Indiana Tel Co 5s 60 .. Ind Railway Inc 5s 67 D2 Interstate Tel & Tel 5l%s 54 ., Tndpls Water Co 3'%s 66 “» | Kokomo Water Works ds 58... | Morris 5&10 Stores 5s 50 | Muncie Water Works 5s | Noblesville H D & P 6l%s hia Tel Sery 6s 47 .. Pub Tel 54s 55 | Richmond WW 5s 57 . | Seymour Water Co 5s 49 TH Trac & L Bs 44 | i Water Works 5s § H Water Works 6s | TH Water Warks 6s 4 Trac Term Co 5s 57 STOCKS | Belt RR St Yds com «...uven ™ | EB Li) RR St Yds pfd Cent Ind Pwr 17 nfd | Home T&T Tt W Ts Hook Dru re com Ind & Mich ® Ts .. gid son serv Co .. Hydro Elec Ts pfd | npr Gas Oo com. ndpls Pwr & Lt pfd 6s { Thdpls Pwr & Lt pfd 615s .. ndpls Water Co pfd 5s | Lincoln Natl Life Tns Oo com RS > R Mallory com x Thd Pub Serv Co pfd Bios. |N Ind Pub § Serv pfd Bs . | N nd Pub Serv Co pd | Pub Verv of Thd pfd 6s | Pub Serv of Thd vid Ts . . 98 | Progress Laundry x com Bs. . [ Sthith Alsop P&V pid 48 mith Alsop P&V com Terre Haute Elec Co 6s «uu Iyoion Title Co com | Van Camp Milk Co BS Van Camp Milk Co com (By M. P. Orist & 0.) Market St. Investing Corp ... 235.48 20

54 85 89! 1047 24

13 70! 1 Ts 16 31 171 52% 6 071 951; 53 1

% | Leh Val RR

.2 | receipts

2 | ‘steady

|W LAFAYETTE, No

| session, i heifers,

| Pract fcal top sausage 2 | firm;

level | inquiries or |

2 | Mexico

| ered in

) | gneks,

8, |

Net Low Last Change

13 kK}!

High

Johns-Man

i Kan C Sou pf | Kaufman DS | Kennecott , Keystone Stl | Kresge SS . { Kroger G&B...

be 1,

| Lee Rub Leh P Cem Leh V Coal pf

— —

Lehman new

GLI MEI TW DTD TN BHD UT OI LI0O00 1S “10st NaF DJ SN DD UT

ol - -

Long Bell,

in). ‘Lorillard .

MacAn & F .. Mack Tr . | Macy RH . Man El Mod ‘gtd Marshall Fld Martin Gl Mathieson May DS ... Maytag MecCrory Vaan McCrory pf .. 1¢cIntyre Porc | McKeesport McKess & Rohb McKess & R p McLellan St | Mead Corp Melville Sh Mengel Miami

oo — p— ww » ®

> 0b

» a BD tt et LORIE

Pd et st LORI CI CN pt BIT BD et pt CN ee BPI NO

a ND 3 - ®N

Gies C3 B30. LO wt BI TO «TUN fs fn 00 NED CI ~I OH DO go oo Hoes ® ne Qirs G3 BILO-Y rt BD TD «TC fh 30 ND LD =F 3 Po - - LN a

Cop

re Pe > PI a.

Mission _Corp Mo-K Tex Mo-K Tex pf Mo Pac pf Mon~anto vee Mont Ward Mother Lodge | Motor Prod Mueller Br {Mullins Mfg J

Murray Mvers & Br

Nash-Kelv Acme Biscuit . t Pond & Sh Cash Reg Dairy Dept St Distillers. .. Lead . i Steel .. NL Supply Penn Newport Ind .. Y Central. NYC&SLDY NY < a ibus iY 0 Y

Moe Decline i 1S to 25 Cents

> OBI

tt a DD ps

pt FS ln pe GD CD BD =) nO a DBI pa Pkt Be RT et pt

BD UV RIES A - a» - » RI NRS RI Tn pe © GO BD =F arr - a a“

ICI mat pd PI NDIINS

Y— 30 DN = SD BI ~

rae 1D GY

To $9.40 Top

—————————

receipts caused hog prices lto break again today, according to the Bureau of Agricultural Ecohomies. Weights above 160 pounds lower, while lightoff. Top price lowered to $9.40 on choice 160 [to 170 pound butchers, lows followed the downturn and sold 15 to 25 cents lower, maximum loss was taken on the better and lightweight sows. Bulk packing sow prices ranged from $7.75 to $5.25. Fat steer trading ruled mostly {rents lower. ‘Steer cattle trading [was very low due to lack of oufsiae demand. Very few steers with weight of any grade were available. Bulk of a medium to good {ypes sold largely from § to $10. Higher dressed trade and held local vealer steady despite downturns at nearby leenters. ‘Good to choice offerings bulked at $11 to $11.50, with cominion to medium sorts from $7 to

Heavy

was

light

2 1810. Lamb values dropped 50 cents un- |

der increased receipts and a bearish drive on the part of killers, Good

: [*o choice native lambs bulked at

18950 to $10, common to medium |

[sorts sold from $6 to $850 mostly [with some mixed lots reaching $9.

CHICAGO, Nov, 8 (U, P.).—Hogs—Receipts, 23,000, including 6000 directs, 200 { Ibs, down, and packing sows, 10@15¢ lower: 773-834-1b. hogs, 15@25c lower, hu | mostly 15@20c lower, top, $9.55, 150-180 ibs. $0.30629.50; 100-230 lbs. $9306 9.50 240-300 Ibs, $9.10@ 9.40; most good packing sows, $8,308.60. Cattle—Receipts, 15,000, calves, choice and prime long-fed steers and yearlings, active, strong at $17.50 upward top, $19.75 for 1355-1b. bullocks; war up and short fed, slow at $9.50@14; short fed heifers, slow, steady; common grades and most cows, steady; low cutter and cutter cows, $3.75@ 4.75; sausage bulls, ‘at 87; vealers, weak at $11; stockers and feeders, firm Sheep—Receipts, directs fat. lambs and indications fir 50 lower to lower: steady on | sarly bids native lambs %10; choice, $10.10% 10.25 | '82.50674.25.

5300

slow

16.000, including vearlings, 25 to %9.95 above;

anda

(UO. P.) Ho Of — bulk, 160-200 Ibs . $8.90@9; 250- 25% | 140-150 Ibs., [email protected], 120-100-120 Ibs, $8@'8.25 Calves—s$11 ‘down,

20@'30c lower

| Market, 300-250 1h:

[email protected]. | Ths., $8,608.80, | 140 Ibs, £8 50% 8.75 roughs, $8.25 down,

, | hambs—%9.50 ‘down

PH) — to 40 $9.25; SOWS,

Hogs cents 100-

£7.75

Nov. 8 (U. unevenly 15 200-225 Ibs

good packing

CINCINNATI, Receipts, 3700; lower; wp. $9.50 140 Ibs, 1.1569, | 18 Cattle—Receipts, slow; few

steers and $67 0 50.

1200 & aby rlines

cal 500; heeves $0.75 10; $76 70°50: bulk Yond beef cows, $6.75 and cutters, [email protected]; bulls, “86.75, bulk good and chot ce, $11712 Sheep-—Receipts, 500. market, steady weak: few Tots good trucked-in ewe wether lambs, $10@ 10.50; choice Kinds, sent: most slaughter ewes, $23.50,

FOREIGN EXCHANGE eign exchange higher Big

NEW YORK, NOt Cable Rates England Eng (60-

es,

bulk

7.50, low cutter

to and ab-

5.02% 5.015% 1.00 1-16 03417

round) d 11 rate) SLT (franc) lite) Belgiim (belga) Germany (mark) Ger, (travel mark) Switzerland (franc) | Spain (peseta) | Sweden (krona) Norway. (krone) Denmark (krone) Australia ound). Austria (shilling) | ‘Czechoslovakia | (koruna) ™ Finland (markka) Greece (drachma) iJugoslavia (dinar) y Zeal. CH zloty) (escudo) feu) peso) (unof. peso) (offl. milreis) funof. mil.) (peso) = fe0]) x Uruguay (peso) peso) (dollar) (yuan) (rupee) yen)

feil Hongkong | Shanghai India | Japan

LOCAL PRODUCE (The prices quoted the country, in Tndignapolis the higher. Bach case of | pounds gross.) Bees—No. 1 strictly | . Heavy Breed Hens 2 pounds and over, 18¢; under 4', pounds, 17c; heavy springers, 1%. pounds and over, 18¢; Teghdrn | 5 | Springers, 1% pounds ‘and over, 15c; bareback broilers, 14c; old roosters, 9c: voung 4 pounds and over. 12¢; old ‘ducks, Oc, geese, 9 to 14 pounds, 9c; turkeys young hens, 8 pounds and over, 1%; Noung | toms, 14 pounds and over, 18¢; No. turkeys, 12 Butter a Ni No.

— PRICES

CHICAGO, Nov. 8 (TU. P).—Apple Michigan MeThtosh, $12561 40, Sweet fo atdes—Tennessee, bu. hampers, 75@ 0c. Carrots—TIiinois, bu, 35@4d%e. Spinach— llinols, Hu., 406 5c. Tomatoes-=California, gs, $1@2. "Cauliflower—Oregon, crates, $1 @1.95, Peas—California, ha 2.75. Seed Jery=Michigan, square crates, 40% T5¢ nioms (50-1h. wat Poi oon

ana gan oR OR, on ~

are for stock path= while for ‘deliveries prices are 1 cent egfs must ‘weigh 55

fresh, loss off, 2¢e.

320.

ag , Neo. 1,

a 3%, 4c;

561%

| | | i

Mitmesoh 3 This $1. EH

Packing |

prices {

2500; |

ewes, |

nid |

| fres vealers, |

1 (90-911; |. 32%¢,

P.) —Noan for- | Net |

| 19 ac;

. WASHINGTON, Nov.

* | Receipts

Ing)

High Low

[ No Pacific | | Ohio Oil y Omnibus | Otis Elev Otis Steel

2 ‘Owens Til Glass

Pac Am Fish Pac Finance

: | Pac G&EL

{ Packard. .. | Paramt Pict

% | para Pict 1 pf. oe

i Para Pict 2 pf Park Utah . Parker. Rust Pri Patino Mines Peerless ; Pen & Ford Penn D Cem Penn "Gl Sand Penn RR . Peoples Gas { Pet. Corp Am Pfeiffer Brew Ending Dodg | Phila Read C I | Phillips. Pet Pierce O pf Pitts Coal . Pitts Term. Coal Plymouth Oil Poor

| Port Ric Am A. j Press Stl Car.. | Public Serv Pullman {| Pure Oil

LORS

Radio pf. N .. Radio-K-Or > Reliable-Stores Rem-Rand Reo Mot. _. Republic Sti Revere Co { Reyn Tob Richfield Oil

St Jos Lead Schenley Dist Schulte . Schu Ite

: | Eero & D pe.

{ Shattuck { Sheil Un

° [Silver-Xing

| Simmons Smith A O .. { Socony-Vacuum | So Am Gold {So Por R Sug . 2 Sa Cal Ed South Pac South Ry _..... South Ry pf Sparks With Spear & Co { Spencer XK Sperry-Corp Spiegel Inc S ORE ..... G&E pf. GRE 6 pf

1 Co Syming-Gould.

| Telautogrph.. I'enn Corp Texas Corp | T&PCRO Tex Pac LT Thermoid “e Thompson LE anomp Star Tide W A oil Timken R B.. Transamerica Tr & WA

Tri-Cont . . 20th Cent<Fox. 22

Union Carb ... 7 { Un Oil Cal... Un Pacific... Un Aircraft Cp Un Air Lines.. Un Biscuit Un <Carhon United Corp

Un Un Ga 5S Gyps sum... & S. Ind Alec

I Realty...

Hele

Un Stores

Vadsco Bales Vanadium wh Raalte a*Car 6 pf

is |

Jab abash pra ...

FE oF

)

Pa Fh - oa

Warren Br Wayne Pump | West Union Westing. El oe Weston El In White Mot .. White Rock Wilson & Co Woolworth

re D =T wT wTPS en

oa et par rN ©

> OI pt C0

o “

COM, Lo BIO =I obs «T=T00 ae 0 on

CA Mr aan

a @

med |

Yellow Tr Young Sheet

steady |

| Zenith Rad Zonite

a pea 3 03 00 Bn pt 03 LI 03 D0 Ld TN TN TN I a SB Ge 8 gg ew a EE

FLT YL IVT!

tp CT pr

FEE:

ne 1,

Va “ “

| |

| dianapolis resident ‘and grain fn- ors:

Board of Trade ‘Examiner Was Active Mason And ‘Eagle.

Thomas C. Wishmire, lifelong In-|

State Deaths

BLOO MINGT NA J. Reynolds, 80. Survivors: daughtel. Mrs. Bural Mitchell; Sore Karl and Arthur; [Mrs, William Reynolds and Mrs. Boruff; brothers, Willie and the Rev. Reynolds.

CRAWFORDSVILLE Charters, 84, Survivor: [Maud Johnson, |. DARLINGTON—Ollver 8. Flaningam, 77. ‘Survivors: Brothers, Will and Jasper; sisters, Luella and Mrs. Flora Ford. ELKHART Samuel Richard Bowman, 79. ‘Survivors: Wife, Cora, daughter, Myrtle; Rn EX; brothers, Frank, Henry, Charles, nd Edward, Ny “Mary Power. Survivors: Sister, Miss C. Josephine Bower; brothers, Charles Clyde.

ELWOOD=George Marion Widener, 77. Survivors: Wife, Laura; daughter, Mrs. Myrtle Mitendorf; sons, Orbie and John; sisters, Mrs. Luella Groover and Mrs. Alice [ Anderson. FLORA— Miss Ethel Catron, 51. Surviv- | Parents, Mr. and. Mrs. Jacob Catron: Mrs, Murry. Moore, Mrs, “John |

Fred

Ruth Ellen Mrs.

— Mrs. Daughter,

isters,

| shector for the Indianapolis Board | Unger and Mrs. Paul Pauley.

| |

West

Ne» n

| Will Currie,

»¢ [died Saturday in Methodist Hospi-

tal, a | * [Cemetery

| |

| that community. [member

a 8

30s 00 VED rt LI Tt 00 LD -

1 .3 1

8 3 | 1

1, (dren, Clinton L. ‘Scott (Kas. ;

Ve | 1% |

. | B

% | Ys | |

| here at 10 a. m.

| land, had lived in Whitehill,

[ Mich.

}

| oeles,

i | vi | Vy |

3 a i

o 2s

= 1

4 5 a Ys |

= 1

8 |

|'ernoon following funeral services at

DALY Y PRICE INDEX

NEW YORK, Nov. 8

8 (U.P) =Dun | | & Bradstreet's daily weighted price

index of 80 basic commodities, com-

[piled for [1632 average 100), - | Monday | Week ago . [Month BRO “ieee Year ago { “057 high (April 5) 11937 low (Nov.

ten

Market, easier graded firsts carlots, 27'zc ; less than receipts, 25%%c; 19¢, fresh dirties fresh checks, 1%. Butter—Market, tubs; extras (92 score),

Eges ca e xtra carlots

22¢,

steady. score) 33% @ 35¢ seconds, 28@30'%c; standards, 34c, centralized (88 =core Market, steady; ducks, 18'2@10! 17@21c¢, 14@ 15¢; br foler, 24 Leghorn hens, c Twins T5000 6 Longhorns, 16,191 Supplies, heavy:

5 37¢C. 323.0. Poultry | trucks, hens, | roosters 16@21c, Cheese

wa | market, steady | Hh Bi, 50, U., rado Red McClnres, | Kora Bliss Triumphs, Cobblers, $1. | $1.05; Minnesota Cobblers, No. 2, 0c; Minnesota B $1.10. Minnesota Barly Michigan Green Mountains, igan Russet Rurals, $1.05@ 1 on track, 404; shipmer

Ou 0 $1.10;

wo,

8 ‘ernment expenses and current fiscal year through | ‘pared with a year 2g0: This Year Expenses . $2,711, 3403 Bacay

£3 HD mmol NODA DNL = to PF Aa

| "Customs:

3 Qo jo X

| Thae. Gold $88

Clearings Debits

| | |

Bank Manhatten | Bankers . [Rank N XY Trust | Brooklyn Trust { Central Hanover Chaze . (SRT

| Sommareial {Continental | Corn Exchange | Empire First Natl Bank NY | Crunranty [Irving

MERCHANTS

the United Press

setae

281, storage checks, storage dirties,

38c,

centralized

oho JRuxset $1.17%

North Dakota Barly 05;

Ohios

oats

'83 3 1 INDIANAPOLTS CLEARING

BANK STOCKS

Bid Agkea 921, 24

(1930- | old Lorraine Hotel for , 11943 |

122.17 co 127769 | 13256 | .158.26 | 119.43

CHIC AGO PRODUCE

frst, curre We:

receipts, 18

firsts pecials,

31% 361.

2C. spring chickens,

@ Vee. Daistes, ‘Semana, x16 aN 25,

£0; North orth

$1@1 lizs

1.15; 1.10,

nts,

662

U.S. STATEMENT 3 ev. | Tollowing funeral services at 2 p. hm. for or

Nov. 5,

$2 a tes 46. 44 |

1,464,451 800. 1.001 214.025. 1.888 ‘610. 855. 1.215.954.8477 3,810,187,285, 1,057,571,159, 149 ipa 0 Total

HOUSE

We have a complete line of Xmas Store

decoration

G, GC. MUR

supplies.

PHY C0.

N. Niineis Bt, Acrows from Books

dirties 1%

(89 score),

ante

10%

7'374,000

| tha Armstrong, and two sons, Elmer | Armstrong, Shelbyville, and Argus

receipts 2807 1 cases

10tx

extra. firsts

@ LG]

Burbanks, Da !

Bae | Her, and a son, Charles R. NeighPa | bors, both of Los Angeles, ‘and two

Pritimphe, | grandchildren, Norman A, Perry Jr, y Ru $i LE

AFT, | Fliedner, Los Angeles.

88 | 586 |

0 |

8 | i]

Yoo 35 81.970 Sha bbe vg | Was a member of Centre Todge No.

{mazetta Williams Scott;

in his | He |

lof Trade, died yesterday home, 2626 W. Washington St. was 52.

Funeral services are to be held

at 2:30 pb. m. Wednesday in the home, burial is to be in Crown Hiil. Mr. Wishmire was a member of Washington Street M, E. | Church, Prospect Lodge, F. and A. [M., and Praternal Order of Bagles. Survivors are his wife, Mrs, Nell | [Shea Wishmire; son, Jean; four

| brothers, Chris, Charles, George and

Richard, all of Indianapolis, and | | tour sisters, Mrs. ‘J. D. Eastman, Mrs. Everett Wiltsie and Mrs. Byron | Carter, all of Indianapolis, and Mrs, | Salem, Ill, JOHN MITCHELL SCOTT, who was to be buried in Crown Hill | today following funeral services at 11 a. m. in the Flanner & Buchanan Mortuary.

Ave, He was 83.

He was born on a farm in Fay-|

cette County, the son of Judge John | Carter Scott and Sarah Snodgrass Carter Scott, pioneer residents of Mr. of the Fairview Presbyterfan Church and a member of the | Marion County Retail Druggists’ As- | sociation and the National Associa- | tion of Retail Druggists. Survivors are the wife, Mrs. Fm- | three chil- | of Topeka, Charles WwW. Scott of Muncie, and Mrs. Walter Scott Ryan of Indianapolis; 10 grandchildren ‘and

is | seven great-grandchildren,

WILLIAM WARRENFELT, who | died Saturday in his home, 2025 Bellefontaine St, fs to be buried in | Bond Cemetery, Miami County, tomorrow following funeral Sserviées |

Mr, Scott, | a druggist, had lived at 2646 College |

Scott was a |

ANKFORT—William_ H. Harshbar ar. | Survivers:.. Son, Everett, danghter, Bertha McCord; brothers, Samuel and | |. Isaac; sisters, Mrs, Lennie Reagan and ‘Mrs. ‘Margaret Pollock. GOLDSMITH Mrs. Arminta Hoback, 77. Survivors. Son, Frank; daughters, Mrs Joe Cage, Mrs. Ora Jackson and Mrs. Les- | ter Creason; half-sister, Mrs. Ella Glass: half-brothers, Ed, Richard and Fred | Foster. GREENTOWN Mrs, "Survivors: . Son, Velore; [and Lon Xemper; sister, March. KOKOMO—Glen W, Wynn, vivors. Wife, Myra: daughters, Vir = hk Banner and Myra, sister, Mrs. Della | Pierce. LAFAYETTE. Mrs. Lucy Hunter, 70, Suf- | | vivors: ‘Sons, Frank and Elmer Moore. Abort Goe. 78. Survivors: Wife, Mary sons, Bert, Elmer and alter; daughters, | Mrs. Alice Tallent and Mrs, Laura Salis- | bury; a brother and sister. Mrs, Caroline Peterson, 66, Burvivors Byshand. Charles; daughter ts. Esther | nson; sons, Larry and T. D. Peterson. | | roe sisters. MELLOTT Arthur Suryivors. Daughter, brothers, Elmer and Glen Simmons NEWCASTLE Glen Riley McShirley, 57 | Survivers: Wife, daughters, Mrs, Thomas Turner Jr. and Mrs, Ivan Paul NOBLESVILLE - Homer Xing, 42 Buf vivors:. Wife; sons, James, Joseph, Don- | ald and Ivan; daughters, Lillie, Martha Mrs. Frances Johnson, Mrs, Ida May Wills | and Mrs, Doris Payne. PRATRIE- Denton Scudder, 65 vivors. Wife, Minnie; brothers, and Alfred RICHES TER, James Anderson, 52 jvors: Wife, Ronnie; brothers, Howard, | | Delbert and Louis, | Clyde A. “Stockberger, 57. _Bnurvivors: | Wife, Lucy; sons, Otis and Dwight ter, Mrs. Blanche Jordan: stepsons, Ray- | mond and Gilford Bowers. and Ro Stockberger; stepdaughter, Mrs, Des | ‘Lazar, VEEDERSBURG — Mrs. Hannah AppleI'gate, 85... Survivor. Husband, Aaron. {James King, 74. Survivors: Wife, | ‘brothers, Edward and Henry WINCHESTER -—-John B, Goodrich, 71. I'Survivors Wife, Lottie; son, John; broth-

| ‘ers, James, Perey, Edward and William,

=. | | Gloss and Robert F. Glass, all of |

“Indianapolis. WILLIAM DENNY, who died Friay in his home, 550 Berwick Ave.,

FRA 1317. Mrs,

61 Ross Albert

Gay Ackley, brothers, Mrs.

54 Mrs.

Sur-

Twiddy, 47 Paul Kunkle; sister, Mrs.

Roscoe Mrs James,

sur- | George

sur- |

Tey;

was to be buried in Floral Park this |

. 5

afternoon following funeral service: [in the Conkle Funeral Home, He

| had been closed. [the

| deeided in favor of the City,

Bert |

| Luther G. Poe of Franklin; a daugh-

| Williams and Mrs. Bimer Dale Mar-

‘who died Saturday in the home of a | | Meridian St, | Peter was 68,

.|'den, N.J., and had lived in Indian: [‘aholis many years

(80 years ago, Was the youngest of

in the Conkle Funeral Home and at 2 p. m, in the Methodist Episcopal Church in Conerse, He was 71, Mr, Warrenfelt,

| was 60. Mr. Denny, a carpenter, was a na- | tive of Hendricks County and had | {lived in Indianapolis 15 years. Survivors are the wife, Mrs, Ocle | [ ‘Denny, and two sons, William and |

a native of MaryMich, AR ig De fore Cone Yo un | James Denny, both of Indianapolis. | Mr. Warrenfelt was employed as | ALFRED CC. GRFEENEN, former | engineer at the Davlan Apartments. | Indianapolis resident, died Saturday He was a member of the Masonic | in Chicago, order at Whitehall and the Metho- | Funeral services are fo be held | dist Episcopal Church at Montague, | 2t 8:30 a. m. tomorrow in Reynolds | Funeral Honte and at 9 a. m, in Survivors are the wife, Mrs. Alta | Holy Cross Church. Burial will be | Warrenfelt; Wright; two sons, Orville and Lewis | Mr. Greenen was a _ native of | Warrenfelt, all of Indianapolis; six | Plata, O, ‘and lived in Indianapolis | grandchildren and one great<grand. | Many years before going to Chicago | child. Boas ago. Urvivors are a sister, Mrs, on oR oO rammDo: For | . ‘Drew, and a brother, Joseph J. AM both of Indianapolis, | 40 years, died Priday in Los Angeles, | py |'Services ‘are to he held in Los Ar- | MES. KATHLEEN She ‘Was 73. ated Mrs. Poe was born in Kentucky. | 35th St. She was 27. She married Mr. Poe in 1885. The | Funeral services are to be held at | | couple lived for a short time in Oo- [2 p. hm. tomorrow in the Thirty-first lumbus, later coming to Indianap- [Street Baptist Church. Burial is to {olis. They lived here until 1928. She | be in Coatesville, was a member of the Christian| Survivors are her husband, Roy: |ehurch ‘and the WwW. ©. T. U, | daughter, Patricia Ann, and parents, Survivors are the husband; a son, ‘Mr. and Mis. William Harlan,

MRS, ANNA HORN, Indianapolis resident for several vears, who died Baturday in Oity Hospital, is to be burfed in Medina, O., Wednesday following funeral services there, She was 68, Mrs. Horn had lived with a daughter, Mrs. J. H. Grill, at 1401 N. Dearborn Bt. She was a native of Medina. Survivors are the husband, C. BE. Horn; two daughters, Mrs. Grill and Mrs. Trueman Willover, Jamestown, N. Y., ‘and a son, Harry, | ! : Cleveland, Ri > m. in Shirley Brothers cen- | MRS AMEL IA ROHUI TZ. 357 | Poa | . J 4 | Wy Se oa Masonic [Lincoln Bt., who died Friday in the | , 3 | home of her daughter, Mrs. Walter Muilen, 1302 EB, Southern Ave. Was

rites Were to be conducted. Mr. | Armstrong died of injuries ‘received | to be buried this afternoon in Crown | Hill following funeral services at 2

in a fall Oct. 29 A nativ i rtive of Yellow Springs, O. p. m. in the G. H. Herrmann Funeral Home. She was 79.

Mr. Armstrong was a barber in the many years } . , Born in Danzig, Germany, Mrs. EE Pe Ten AE | Soli Wael lived dn Thdianapolis Strong “Carber Pp THY 150 years, Survivors are five daugh- | ters, Mrs. Mullen, Mrs, Harber: Saat-

Sahara Grotto. =| TAO: 1 - Survivors are the wife, Mrs, Mar brother, Crustave Wienke, ‘all ‘of Ji [ dianapolis.

MRS. TDA M. BROWN, a vast- | dent of Tndianapolis 20 vears, Who | Saturday was found dead in the howe of a sister, Mis, 1. M. Austin, | 2230 Central Ave, is to be buried in | New Albany tomorrow following funeral services at 7 p. m. today in the Harry W. Moore Funeral home, She was 79. A mative of Ft. Knox, Ky, Mis, Brown had lived with her sister and was a member of the Broad- | way Baptist Church. Burvivers, besides Mrs, Austin, are another sister, Mis. Eva Moore, Louisville, Ky., and four nephews and two nieces,

WANDERS |

[ ter, Mrs, I Gabriel:

Charles Hinckley of San four sisters, Mrs. aura

| fin of Indianapolis, Mrs. Elizabeth | Wicker of ‘Greenville, Tex., and Mrs, Ba Minor of Oakland, Cal.: Seven srandchildren ‘and three great- : (rE iron JOHN T. ARMSTRONG, Tndian- | apolis barber for 40 vears, who died Saturday in Methodist Hospital, was to Be buried in Crown Hill this aft

Armstrong, Shelby County, MRS. HARRIET NEIGHBORS,

Mrs, Mae Perry, 3853 N.| was buried in Crown Hill this morning following funeral services in the residence and BS. and Paul Cathedral, She

daughter,

Mrs. Neighbors was born in Cam-

She was a member of SS. Peter and Paul Cathedral, Survivors besides Mis, Perry ate another daughter, Mrs. W. F, Flied-

RAIL ELEVATION

Decision Sought ‘on Damage Claim Based on Plan to Close Street.

A skeleton out of the past rattled Hin the City Hall today. In reality it was nothing but an out-of-the-way street on the South Side, but it is typical of the many

[City Hall problems.

In 1929, with times booming and | tiie movement for South Side track elevation being pushed the Works Board adopted a resolution closing [the Oriental St. block between Southeastern Ave. and E. Washington St. The railroad tracks run

across the south end of Oriental St,

Project Seemed Near

At that time it looked as though | the elevation of the tracks would | be completed in a few years. But then the depression came and the Board's plans were halted, However, technically, the street Residents along street, school patrons and church leaders protested and litiga-

[tion resulted, according to City Ate

torney Michael Reddington.

One of the cases even went to

| the Indiana Apellate Court and was

he said, Another, a suit brought by the owners of a warehouse for $30,000 damages because the project was halted, is pending.

Claim Sale Jeopardized

The action was asked despite the [fact that the street never was ace {tually closed—only technically by ° the resolution of the 1929 Board. The plaintiff claimed damage was | done because prospective buyers of [the property would think that sinde it was ordered closed, it might ac[tually be closed any day track elevation became imminent, Mr. Reddington has informed the Board that the warehouse owners were anxious to have a trial date set [unless it fs settled out of court. The Board has decided to “take [its chances and try the ease,” Rai Fries, Secremry, said, NAMES ALTERNATE Times Spec irrd WASHINGTON, Nov. 8—Ralph Lincoln Colby, 1102 Eugene St, In[‘dianapolis, has been designated as 'n second alternate in the entrance examinations next March 1 for adsmission to the United States Milf= [tary Academy at West Point, ‘N. Y, The dedignation is from the 12th Indiana district, represented by Rep. [Louis Low

a daughter, Mrs. P. W. | in Holy Cross Cemetery.

James ||

yesterday in her home, 1002 W, I

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FRANK L. GLASS, Who died Friday in his home, 1143 Hoyt Ave, is to be buried today in Crown Hill

in the residence. Mr. Glass, born ih Rush Odunty

14 child¥en and the last survivor of the group. He had lived here for 63 vears and formerly werved as a Oenteér Township Justice of the Peave, He

23, FP. & AM, Lodge No. 465, 1. O. O. F, and of Fidelity Rebekah Todge No. 227 and the Bdwih Ray M. E. Chuteh, Survivors ate the wife; a davughter, Miss Blla K. Glass; two mons, Walter 8. and ¥. Ribert Glass, and two grandchildren, Miss Marjorie

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Tradianapolis Electric Sigh Oo. 228 N. ALA, 11, 56M