Indianapolis Times, Indianapolis, Marion County, 20 November 1937 — Page 11

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SATURDAY, NOV. 20, 1937

STOCKS UP 3 POINTS AFTER HITTING NEW LOWS FOR 2 YEARS

Possible Increase in Freight Rates Aids Rail Shares.

NEW YORK, Nov. P.) .—Stocks rallied

20 (U. |

today after an early drop to] Net | gains ranging to 3 points re- | placed losses as the market

new lows for two years.

met support. Bonds vallied

cotton. Railroad shares led the recovery in stocks on rumors that the Administration would press for early approval by the Interstate Com-| merce Commission of a 15 per cent

freight rate increase. Atchison made | a new low at 34 and then snapped |

New York after

back to 37's, up 3 net. Central rose to 177%, up 1% touching 16. ‘ A long list of favorable rumors circulated, mainly talk of a of Administration aids. Other influences were investment buying on the theory a technical recovery was overdue and covering by shorts who were unwilling to short over the week end.

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS CiiaaeabaaaaRAIL ARAL 120.45 co 1183 +. 133.05

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

10 0; low, 118.13, 181.90: low, 143.11, 20 RAILROADS 30.0% « 31.26

Today Yesterday Week ago Month ago Year ago High, 193%, High, 1936,

61.146; low, 30.0%. 39.89; low, 40.66, 20 UTILITIES TOAAY sivvnvnnnuncnennnnnnnns 21.85 Yesterday w 09 Week ago «ovens 'veaeaneas D343 Month ago ...evvenne Sabbah 20.84 Year ago 33.10 High, 193%, High, 1936,

37.54; low, 36.08; low, 2 70 STOCKS

Yesterday Week 2ag0 ..ouen Month aR0 suvvsensiasnsnnnen Year ago High, 1937, High, 1936,

69.6%; 66.38; =

Week's Business At a Glance

ADVERTISING—Advertising Age: |

sharply |

Commodities ad-| vanced under lead of wheat and|

series |

risk remaining | 3

| 8s 1049-44

Retail advertising placed in news- | papers of 80 major cities in week |

Nov. 6 totaled 23,736,071 lines vs. 23,277,281 previous week and 24,729908 year ago; year to date 897,643,448 vs. 863,397,045 year azo. AUTOMOBILES — Ward's Automotive Reports: Production this week 85.757 units vs. 83,325 last week and 116,125 year ago. BANKING — Federal Reserve: Gold stock unchanged at $12,789,000.000; excess reserves $1,100,000,000, up $30,000,000; circulation off $30,000,000; brokers’ loans off $8,000,000; ratio 80.1, same as previous week and year ago. Week ended Nov. 17 bank clearings $5,192,521,000 vs. $5.422722,000 pre-

vious week and $7,358,694,000 year |

ago. COAL—National Coal Association: Week Nov, 13 bituminous out-

put 8,630,000 net tons vs, 10,106,000 IN

year ago. CONSTRUCTION — Engineering | News-Record: Awards this week $34,753,000 vs. $35,920,000 last week | and $44,158,000 year ago. ELECTRICITY—Edison Electric | Institute: Week Nov. 13 output

2.176,557,00 kwh vs. 2.202,451,000 pre- | Benn 9 2,169,480,000 year Pere Mara Ss A 56 .... §

vious week and ago. FAILURES—Dun & Bradstreet: Week ended Nov. 11 172 vs. 162 previous week and 166 year ago. INDEXES—Dun & Bradstreet: Week ended Nov. 17 business activ-

Dun & Bradstreet: | Lou

| Rel |

| Abitibi 5s 53

N. Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 Inds. Rails Utils. Bonds wae 823 70.4 x98 x82 | Yesterday . . 823 0.5 95.1 82.5 Week Ago ..... 836 3.8 95.6 24.3 | Month Ago .... 83.2 Hs 93.2 ear Ago . 93 98.7 106.1 Two Years Ago 91.4 79.6 103.0 193% High ..... 95.0 101.2 196.0 193% 0.5 922.3 1936 High .... 100.4 106.2 1936 Low ... 84.7 1033 1935 High ... 86.4 103.6 1935 Low Le 89.3 xNew low, (Copyright,

Today

«98 «90.0 «91s

1937, Standard Statistics Co.)

10 MOST ACTIVE BONDS

Net Month Year | Close Change Ago Ago [Mo Pace 5s 37... 19% 43% 2 39 Balt & Ohio 4s 48 T1614 9015 10834 UnPacific 4s 2008 104% —35¢ 103 my Ore WashRRIs61 104% «14 107% AMT &T 3% 66 9934 Mo Pace 5s 81 1934 Am T & T 3%s 61 9934 | CRIMStp&P 3s%5 . 934 Allis Chal 1s32 101%, Cons Oil 3'ss 351. 95%

995% 20% 9915 1 12 103%

-l4 11% -—li J. 15 4-4 a

U. S. GOVERNMENT BONDS Treasury Bonds 1343- 40 Ju

234s 198 3s 1955-51

1960-55 . 1059-56 Federal Land Bank Bid Asked 10134 134 : 10134 +. 1013 10134 .103 103 a Mav 19 wil 10134 November 1958-38 11103 10312 Federal Farm Mortgage Bonds ..102.23 102.28 Home Owners Loan Bonds 24s 1044.42 .........100.2¢4 100.24 3s 1952-44 102.23 DOMESTIC BONDS

July 1955-45 January § May 19! s May July

44s

tM) Alleg Corp 5s 44 Anaconda S 4': 3 $50: Arm Co Del 4s 5

B&O ref 5s D 2 B&O 4's 60 vee BuR&P con 4!zs 57.... 5 Can Pac deb 4s perp. Cent Ill El 3s ul. ‘ie Cen Pac 5s 60 Ch&O 3's 96 E

| Chic Alt ref 3s 49.

Chi East IIL 55 51...e0. CMStP gen 4s 89...... ChMStP eP 3s 2000.....

58 Cons Rais Sigs if 28

C Consu Pr D

74 | Gen M Ac Ss 51

| Goodrich 6s 45 [Gen M Ac 3s 46 .. [Goody T & R58

Gt Nort 4's

[Gt Nor 4s G | Gt Nor 4s | Hous Oil 5'2s 4 | Hud Man ref 5s 57 { II Bell Tel 3':s

H 4

Ill Cen 43s 66 .

Loews ph 3s, 46 . Joe

& 334 . MSPSSM en i 38st. Mo K&T 1st 4s 90 .... Mo Pacif cv 55s 49 .... Mo Pacific 5s I 81 .... Mo Pacific 5s F

Nat Steel as 65 v0 105% N 1 § Cent 43 3 2013 .. .

Pt pt BOOT “I-73 S

s N Y Tel 45s 39 | Nia Shrs M 5's 50 .... No Pac 6s B 2047 .... Nor Pacif 3s 2047 ..... Shi Edison % 63. 001. Gas El 4s 64 1 Ba P&L 4's 81 “ Penn R R 334s 70 . . 8315 Penn R R an 4'5s 65 .. R R 415s D 81 R R 4%s 84

Bf pt ph a

Ese eg

—

Ren Stl C 4lss 50. St LSF 4s A50

bt pt CD LD pt —

DI LO a

@ Nr

| Shell Un

ity 80.1 per cent of estimated nor-! soc vac 3%:s | So Pacific 3s 81.....

mal, lew since April 15, 1936, vs. 82.3 previous week and 953 year | ago: food index week ended Nov. 16 lowest since June 29 1936, at | $2.73 vs. $2.76 previous week and $2.83 year ago. Moody's 13 business activity 84.6 per cent of 1928 average, 1936, vs. 104.4 year ago. LUMBER National Lumber Manufacturers Association: Week Nov. 6 production by 538 mills 205.191,000 feet vs. 216,305.000 feet by 568 mills previous week; shipments 179249000 vs. 218915000; booked orders 160,902,000 vs. 172,972,000. METALS—American Bureau of Metal Statistics: October domestic lead shipments 39,292 tons vs. 53,850 in September and 59,210 year ago; production 49,197, vs. 41046 and 42.156 year ago; stocks during October rose 9904 tons to 100,646. OIL—American Petroleum Institute: Week Nov. 13 erude output averaged 3,541,450 bbls. daily, up 8230 from previous week; gasoline stocks 67,035,000 bbls. off 236,000. RAILROADS—Association Amerjean Railroads: Week Nov. 13 carloadings 689.614 vs. 732,145 previous week and 784,980 year ago. RUBBER—Rubber Manufacturers Association: October domestic crude consumption 38,707 long tons Vs. 43.893 in September and 49,637 year ago; imports 52,508 vs. 56,049 and 40.020: 10 months imports 460,244 vs. 389513 vear ago; stocks end October 195685 vs. 182,556 end September and 224,000 year ago. STEEL—American Iron & Steel Institute: Production this week scheduled at 36.4 per cent of capacity, low since July 8, 1935, vs. 41 last week and 741 year ago. United Press Estimate: Steel ingot output this week 479,000 gross tons | vs. 539,000 last week and 980,000 year | ago. TRADE—Dun & Bradstreet: Retail this week 1 to 3 per cent over last week and 3 to 12 per cent over year ago; wholesale 5 to 10 per cent over year ago.

| T : Week Nov. | |U 8

Se Pacific 4's So Pacific col 4s 49.. | So Rwy 6s A56 ‘ava } Sou Ry gen 4s 56... Stan Oil NJ 3s 61

United Drug 5s 5 . Rubber 5s 47

| VaRy Co 334s 6

low since March 28, | 878 previous week and |

| | | | | i | |

| Eng.

Whbash 5las Warren B 6s 41.. W Mary kid 993 West Union 5s 60..... 2 Wheel Stl 4's 66 ....

FOREIGN BONDS

5%s

Argent 4':s . Brazil 62s 6 87 Chile 6s 60 Japan 6la3s 54 | Japan 5'2s 65 ... Peru 6s 60

COMMODITY PRICES

COTTON New York

December

804 7.95 ober 7.91; micdungs, 7.07. New Orleans

December

New York Cottonseed Oil

igh Tow Close December ..... March .... 6

NEW YORK SUGAR High Low Close 2.37 23h 2.38 CHICAGO BUTTER

High Low 33% 33%:

CHICAGO EGGS

h Low i 18%

Close Close 33% 33%

Prev. Close 18%

November JA9%

FOREIGN EXCHANGE

NEW YORK. Nov. 20 (U. P.).—Opening foreign exchange firm. Net Cable Rates , Ghange | England (pound) 5.00 15-16 00 7- 8 160-d, Pail rate) 5.00 <+.00 7-16 1.00 - 64 4.00 1-64 +0001 2 +.0001

A 2.000015 Mes 21708 3.0001 - = 0006 +.0001

Canada tdollar) . Switzerland (franc)

Belgium (belga) Germany (mark) Japan (Yen) eevee

4 | Calumet

THE INDIANAPOLIS TIMES

PAGE 11

so.

High Low Abbott Lab 38% 36 Adams Exp + 42% Addressograph . 22 vers 49% wr 1a . ns “A 13% 12% 1 . 18

L187 Allied Mills « 130 Allied Stores .. 8's Allied Stores pt 2 Allis Chal ..... 43! Amal Leath 2 Amerada A Bank Note 14 Shoe... 30 . 84'e 201; 16'2 100

can A CanklF .... Chain&C ..

Rad & . \, Roll Mill. 2214 R Mill ev pf 76 Amst Seating ... 13!

melt Am sh Fdies. Am Stores

A Am Am

3% | 25%

Am Yosien pf.. : Am 2Zin

Anac W&Cable.

Armour Ill ... Armour I pr pf Armstrong Ck.. Arnold Conti. . Artloom ...... Asse Dry Gds As Dry Gds 2 pf

LIMITS

Aviation Corp .

3ald Joes 5 wi

—-- Nee

Bt pk G3 pt pt £300 +4 BID NIAID =F ap oe

pb ae

Je Avn end “Ind "Loan jest & Co Seth Steels 3igelow S lack & Decker law-Knox

C0 pt pt fo fh fo C3 ft ft

Ll dad OY Bg - -3 “

ft ft BO -

ond Stores ... Jorden ee Sorg-Warner . 3otany A...» Bower R B as Bdgeprt Brass . Briggs Mfg .... Briggs & Strat Iyn-M T .... 1

Bucyrus-Erie Budd Mfg ..... 9 Budd Wheel ... ‘

Bu Burlington M Burroughs . Bush Term .... Butler Bros .. Butler Bros ot Butte Cop Byers, A Byron Jackson.

Cal Packing . Callahan Zine . & H . Campbell Wy .. Canada Dry Can Pacific .. Cannon Mills .. Carpenter Stl Case, J I . Caterpillar GM Celanese Celotex Cent Aguirre . Cent Foundry . Cent RR NJ . 11 Cent Viol Sug . Cerro de Pasco. Certain-teed

Chi Mail Order | Ch M StP & ChMStP&P pf. Ch & Nw Ry ni & Nw Rv of ChirnTool cv pf Chi RT & P 6pf Chi RI & P Tpf Chickasha C .. Child:

—

cr 00 CI OO UBD BIBI © UT het 1 pt

City Stores .... Cleve Graph Br Cluett Pea Climax Moly Co 27 Coca-Cola 112

97% Col & Col Fuel & Iron 15 Col Broadcast B 1815 Colum Gas 92 Col Pictures’ vte 15 Col Pictures pf. 31 Col Carbon .... 74 Com Credit Com Inv Tr ... 41 Com Solvents .. Comnw & So .. Comnw & So pf Conde Nast ....

Cor Son “RE ‘cuba pf Con Textile ... Container Cont Bak

Crucible St Cuba Co ....... Cud-Am Sug ... Cudahy .......s Curtis Pub Curt Pub pf . . Curtiss-Wr . Curtiss-Wr A. 113% Davega Strs ... Ta 67% Davega cu of.. Ne Deere : & Co.... 22%. 20%

LOCAL ISSUES

14 21%

PEALE LE A]

| HA

. py

+1 4 +; HIE

(By Indianapolis Bond & Share Corp.)

The followin sent actual indicate the approximate market

quotations do not reprebids or offerings but merely

level

based on buying and selling inquries or

recent transactions.

BONDS 4B

nterstate [ndpls Water Co 3's 66 . ...100%; Kokomo Water Works 5s 58. -102%2 Morris 5&10 Stores 5s 50 ... 9912 Muncie Water Works 0 8... 10214 5s

56 . «ot. H Water Works 6s 49 ...... [rac Term Co 5s 57 ..

sess

STOCKS RR St Ios com.

5% Lincoln Natl Life Ins Co. com P R Mallorv com N Ind Pub Serv Co pid 51%%.. X Ind Pub Serv pfa 6% vas N Ind Pub Serv Ce Aga T%Pub Serv of Ind pfd 6% 1 Pub Serv of Ind be + Progress Laundry Co com % Smith Alsop P&V pfd . Smith Alsop P&V com .. Terre Haute Eles Co 6% Union Title Co ¢ ig Van Camp Milk Co pf Van Camp Milk Co co

(By M. P. Crist & Co.) Market St. vesting Corp... 21.98

Asked 103

105 106%:

15 MOST ACTIVE STOCKS

Low 5014 33's

High U 8 Steel ..... 33%) Chrysler 587% Radio Corp Am ¥ Gen Motors . 3434 Packard 3 Elec Pwr & Lt. 13% Rep Steel ee ATR Anaconda Cop.. 2% ey Int Nickel Gen Elec ...... N Y Cent Nor Amer Co. Par Pict Socony Vacuum 15 Beth Steel 481%

i Dist Seag ..... Dixie-Vortex .. 1 Doehler D Cast Dome Mines .. ; . 33%

. 83% Ye

nt 110%: Du Pont deb ..1313% 1 Du Pont pf e118 112 —— East R Mill.... 5% East Kodak .. LW RY 4

Firestone T ... Firestone ot A. First Flintkote Follansbee .... Food Mach .‘ Foster Wheel . Francisco Sug . Freept Sulphur.

Gabriel A i Robt

Goebel Brew Goodrich Goodyear tham Hos .. Graham-Paige.. Granby ....... Glidden Rts ... Grand Union . Grand un pf .. Granite su: Grant we . Gt North = ‘et Gt Nor Ore ... 13 Gt West Sug... Green HL .... Grevhound Cp. Guant Sug ....

Hack Wat .. Hall Print

Hollandr & Holly Sug Homestake . Houd-Her B ... Househd F A ..

Hudson Motor. Hupp Motor

Ta 1%

“ee

Ill Central .... Ill Cent pf .... Indian Res “ens Ind Rayon . Ingersoly_ Raid. joie fh Co! oD ratn op . Inter Rub ..... a Iron

1034 18!2 7,

201; 92 . 60

3's g pr pf.. 221; Business M. 129% Harvester Hyd El A.. 9 : M Marine . 41; T&T Foreign 634 Mining ... 83 . 405% .. 1034 . 43% 3 18

ow woo 121% Intertype ...... 10%; ng 50 71 af Kalamazoo Stv. 1734 Kan C Sou ... 8% Jan C Sou pf . 172 Kayser Jul .... 141; Kelsey-Haves A Kelsev-Haves B 53% Kennecott . 33% Keystom: stl. we 8% 'e IN

Jewel Tea Johns-Man

Kresge D S Kresge SS 1 Jroger G & B: Lambert

h P Cem 1 Lea V Coal pf h Val RR .

Lily Tul Cup om Lima Loco .... 26

Net

Close Change

334 83%

. 3434 Sls 13's 17' 3% 10% 393% 17% N 1214 135 414

13% 3% 1s 1 1% 1% 1% 15% 1's Mg 134 Na 8s Is 112

F+ +++ +++ ++++++4+

Net Change

t+)

| ++:

HEL HE

Cb] Hd

FEEL] 14]

Fre

++]: + ne

+444:

r++

+1 ++] | +++]

LE EE

Chicago Stocks

By United Press

High Adams MIg .....co000e. 92 Adams Royalty ...,.,... 43 Advance Alum Am Pub Serv pf ....... Armour & Co ... Athey Tr Whi Autom Washer pf . Bastian-Bless Bendix Aviat . Berghoff Brew . Borg Warner Brown F & W Butler I ros Butler B 5 cv ot . Belden M Castle

seven

ec Cent Ill i] ev pl .. Cent & S W Ut ... Chain _B Chgo Corp .. Chgo Corp cv pf Chgo Flex Shaft. Cities Service . Comwlith Edison Congoel Sus . Cord Dayton Rubber “sans Dayton Rubber A...... Decker & Cohn Dexter Ay Elec Househd

Ut oldblatt ros Helleman Brew ard C & B

reman Jarvis W B . Ky Util cu pf . Ky Util 6% of ....... La Salle Exten. . McN&L

wift & Swit mt wine Xb a Wiekoian Se St Wf seennes 84 Wisc Bk FS coacassse an Wooda 11_Inc Zenith

th Radio Seas sensee 18%

Low a!

8 @ »

Gt _Ee Nt

NN DTI SIT LOD

IN Sore Gogh SF

Ul Lond

PINE DOr II =I UN wd

o ~~

~ ht pt 3 4 Ba

18%

Close 91,

FINAL NEW YORK STOCK QUOTATIONS

By United Press

Net Low Clgse Change Luk Belt 347 1 Lia Carb eases Lo:

raw H .... ntyre Porc . Keesport Kess & Robb K & Robb pf ellan St ... ead Corp .... elville Sh .... 50 ge. > . esta Mach ... iami Cop .... ident Pet inn Hny inn-Moline SP SSM

ission Corp .. 0-K TeX . 0-K T x pf ve 0 Pacific ‘ene onsanto . ont ward .... other Lode ..

—

ow ® a

unsinwr urphy G

Cis ppt CIT 135 13 UV00 BI 00 = UVTI D6 Dt oT

3 gy

BESS RASSRASRRSRRER 2 RR AS ARR ARR RRS ARR RSSS

ID PW/IS ION 0

Nash-Kelv N

DP Dade

lh pk pt ok pt

ee Lt i a

Distillers .. Gypsum ...

4 wee

[

Nalogins 1 FE. at Supply Newport mq .. N Central

UN oy BD DD

| | +4

fk pet

N Ship .... Norf South .... No Amer

i NER en BEN

c+ H+]

«nN

Norwalk T

“van

Ohio Oil 2 Oliver Farm Eq Omnib 1 Oppen “Tol “ee 7 Otis Blev ...... 2 Otis Steel Outboard Mar Owens Ill Glass

hry ri See Bama aN

Ld = ed Ld a DID WAIN

Pac Am Fish... Pac G&El 2 Pacific Ltg .... Pacific Mills ... Pac West Oil .. Packard . Panhandle Paraffine Co Paramt Pict .. Para Pict 1 pf. Para Pic 2 Park Utah .... Parke Davis ... Parker Rust Pr Parmelee Pathe Film .... 6 Patino Mines .. 11%

. 391% 66 Penn Coal & C 2! Penn D Cem... 43; Penn D S £t A. 22: PGS 15 . 21%

bt pet CAD 1D pt ok pot C3 1D et CRS)

DEIN = NWEIDHIND a

ON ep -m- ee

Ct I -1] ld Ded

PE een Dyk wd -w

a wu

DOW Ut TO LI DEI Yt NWI DN DQ

DEI

tC BI + BD DOWD UB eb C Dd.

Peoples Gas Pere Marquette 2 Pet Corp Am. 10 Pfeiffer-Brew . Phelps Dodg... Phila Co 6 pf. Phila Read C I.

Pillsbury .. : x: Coal .....

LI+1 +440:

Blymouth Oil.. Poor B Port Ric- Am A Press Stl Car. Proctor & G.

ty +

| +4 rb

Raybestos Reading Reliable- Stores. Rem-Rand Reo Mot Republic. Stl Repub Stl pf A. Revere Cop ... Reyn Met Reyn Spring Reyn Tob B ... 4 Ritter Dent Ruberoid Ruthland pf ... Richfield Oil

Safeway St Jos Lead ... 2 St L-S Fran . St L-S Fran pt Savage Ar .... Schenley Dist Schulte pf Seab'd Oil Sears Roebuck. Servel Inc .

+1:

. no aoe »

GGG) CEE ELE UE

—- on CT N®

183s 12%2

INVESTING CO.’S

Bid Ask Bid Ask 11.07 11.78 Invest. Bask, Lope. 4.1 B

3 78 \ 20 1. 00 12, 50 C 9.24 9.81 22.32 24.41 14.96 16.36 15.32 16.69 10.04 10.99 14.92 1% 29

+ HE IRL HE

—

Adm Fd Ani Fd Am Bus Am Gen Sta Ou

nv 42] Natnwa sec 3.06 3.16 of vig 1.17 1.30 «+.|Natl Inv 4.72 : «+./New Eng 11.34 12. 19 cai Y. Stocks, Inc. Bk Stks 17.79

» AA md 2.45 . " Acc md 2.45

Dp Bk NY 1.54 Pbidg Dep Ins A 2.70 Elec 2.49 . Ins Div C 335 ....] Mach DH 495 5. RR Eqt Div Shrs 1.09 1.21] Steel Equity 27.50 30.50 No A 1953 Fidelity 16.77 18.06, ’ 1955 Fiscal Fund Inc. { * 1956 Bk Stk 2.55 2.84 ™ 1958 Ins Stk 3.07 5.43. Plvin Fd A Fix Tr A 8.47 .|Quar Inc B 6.61 .|Rep Tr Found 3.50 3.75 Rep Fund Inv 14.88 15.81 sy Am Inc Fd Tr A 4.42 5.00 Sel Ine

.02 .|Sov Inv Gen Cap 28.00 30.11 Sp Trask Gen Inv 4.32

4.70{Std Am Tr 2.7 uel Securities Agri 1.

8.43 6.9: 7.5 8.73 7.57 6.59 Te0

Std Util ‘ jiState St 73.00 8 Sup 8 Cp A 3 33

15 ne 39 5.32 1.94 198 Tr. 8¢ In © ri3lst Oil A 1.02 'B 7 It $m Bk

i nd .87 Instl. SR us Lp A 12.84 Tr 1.17 ® 3 1.78 Ins Grp 1.21 135 " Be 79 .87 |Well Fd 12.63 13.92 The prices quoted are for quick gathered in the country, while for deliveries prices are 1 cent higher. Each case of eggs must weigh 55 pounds gross. gs—No. 1 strictly fresh, loss off, 26c. Chickens—Heavy breed hens, 4!2 pounds ard over, 19¢; under 4!> pounds, {6c: Leghorn. hens, 12¢; heavy springers, 11% pounds and over, 19c: Leghorn springers, 11% unds and over, i5c; bareback broilers, l4c: old roosters, 9c. Ducks—White, 4'2 pounds and over, full feathered and fat, llc: colored ducks, 4!2 ounds and over, 10c; under 4!% pounds, ull feathered ahd fat, 9c: Indian runner ducks, 9 pounds and over, full

feather and fat oc. Say: 930: No. 2, 36%:@

tter—No. 1, sme” Butterfat—No. 1 , 34c; No. 2, 32c.

| Sym Gould xw

| Talcott | TO

MARKETS AT A GLANCE

Stocks higher after early decline to new lows.

Bonds irregular; U. ment issues lower.

Curb stocks rally after early weakness. Chicago stocks lower. Foreign exchange firm. Cotton futures up 5 to 7 points. Grains in Chicago—Wheat up 14 to 1% cents; corn up 3% to 1 cent. Livestock—Hogs weak, sheep steady. Rubber futures iower. Silver in London at 193 pence a fine ounce, off 1-16 penny.

S. Govern-

cattle,

Net Low Close Change 17% + 1 27% ¥ 18 12% 10

High South Ry pf ... 18% Sparks With .. 27 Sperry Corp ... 1234 Spiegel Inc .... 11 Std “Bran D-B ... 1

| +++4+ [H+ +++

—

OC ON ead 0

Studebaker e Sunshine Min. . Superhtr “ Superior Oil ... Superior Stl....

—

Bort r= BO arama NN ®@

4 HEE

Svmine Gould. .

— —

Timken R B .. Transamerica .e Trans & W Ai Tri-Cont Truax Tra 20th Cent Fox . 20th Cent F Twin CY RT .. Twin Coach ...

tn bt OO pt Ot a DD tn C0 4 J

ot fn et OO pdt »N Ce Ot BD in C0 4 00 oe 1 OO

@ > tO bt -

Und El, Fish . « 10

n Un Airelt Cp .. Un Air Lines.. Un Carbon

@ ac

@ a

United Fruit ... Un Gas Imp ... Un Paper Bd..

- ned 00 «JU bt Tt pt UY =F eG

® BS NNR ® A

nd 00 aT UN pt OY it UV] ag - NNR EN N

oo a N [=

- on on DRWRILDN por I Nr N ~

a HAO RBHA AYA ht VOX BI Ge dese be @ aN BEN BN

+ 3d Le ea

—- -

a ba

+1 -

va-Car 6 pf ...

Wabash pf A .. Waldorf Sys ...

Walworth Ward Bak Ward Bak Warner Bro Warren Br . Warren Br cvpf Warren F & P . Waugesha Mot . Wayne Pump .. Web-Eisen aes Wes Oil & 5 West Auto Sup. West Md . West Pac pf West Union ... West Air Bke 26 Westing EI . Weston El In .

PHIL] +

{4 FEEL et

Willys Overland Wilys Overld Mn Wilson pf .... Woolworth .... Worthington ..

Yellow Tr ..... 10% Young S & W . 22% Young Sheet ... 38 o,-_

22 36 &

Zenith Rad ... Zonite

U. S. STATEMENT

WASHINGTON, Nov. 20 (U. P.).—Government expenses and receipts for the current fiscal year through Nov. 18, compared with a year ago: This Year Last Year $2,925,526,728.86 $2,723,000,729.07 2,199,324,352.45 1,569,254,076.73 “ets 726,202,376.41 1,153,746,652.63 Cash bal... 2,633,679,161.12 1,500,300,148.65 Work. bal.. 844,729,165.75 1,026,281,500.94 Pub. debt 37,079,829,267.04 33,812,644,554.66 Gold res.. 12,789,015,316.15 11,129,987,417.13 Customs... 172,056,328.37 188, 107, 389. 73 oday’s Pur. tal P $7,314.67 $1, 257 '466. her: 42

iE Ai eA “ . .

Expenses. Receipts... Deficit

Inac. gold

INDIANAPOLIS CLEARING HOUSE Clearings .$2.961,000 . 7.116,000 18.833.000

Debits De Pans ‘for week . se ..51,267,000

Debits for wee

WHEAT PRICES JUMP 2 GENTS IN CHICAGO PIT

Revised Frost Damage Report Sends Golden Cereial Futures Higher.

CHICAGO, Nov. 20 (U. P.).— Wheat futures struck out into firmer ground on the Chicago Board of Trade today, spurred in part by revised estimates of frost damage in the Argentine which reveal that ravages may have been greater than originally repqrted. At the close wheat was 24 to 2% cents higher, December, 923; cents; corn was 1% to 1% cents higher, December, 543 cents, and oats were 14 to % cent higher, December, 3012 cents. One correspondent cabled after surveying the southern Buenos Aires province, “Southwestern area of good wheat territory is heavily frosted and damage is greater than expected. I now estimate the Argentine wheat crop between 185,000,000 and 195,000,000 bushels.” There were 250,000,000 bushels harvested last year. Prices here were higher from the start as Liverpool did not react fuily to weakness in North American markets yesterday. In addition, export buying overnight reached only a fair volume. Corn followed wheat but bullish sentiment was slower in penetrating. Local buyers and shorts entered the market early. A reduction in country offerings was responsible for fractionally higher prices at the opening. Firmer quotations were chalked up in the spot market.

CHICAGO GRAIN

RANGE Prev. close .90 80's 84's

Wheat— Low Close $ 90s $ .92% 9253

84% .86%

53's 56% ST

54% 57% ATY2

3012 20% 28%

.30% 29% 28%

69% .69 64

92 94%;

Dec A—ask; Boobid.

CASH

Corn—No. 3 mixed, 513;@53c; No. 4 oy 50Vac@51%c; No. 5 ed. 49@50c; No. 1 yellow, 551Y4c; No. 2 yellow, 55@560¢; No. 3 yellow, 52'2@54'2c; No. 4 yellow, 5012@5233¢c; No. 5 yellow, 49'2@51c; No. 4 white, 51@52%ac; samlzple, 46'2@47%zc. Wheat—Sample, red, 78c. Oats—No. 1 white, 32Vi@33c; No. 2 white, 32@32'ac; No. 3 white, 31Y4@32c; sample, 27c. Barley—Feed, 65@176c; malting, 76@85¢c. Soy Feans—No. 2 yellow, 9233@93c. Timothy Seed—$2.25@ 2. 65. Clover—Red, $27.50@ 32.50; sweet, [email protected]. Cash Provisions— Lard, $8.85 nominal; loose, $8.37 ask; leaf, $8.50 nominal; Beilies, 8 $14.37 nominal.

LOCAL L GRAIN

CASH strong; receipts, 2 car881% @ 89'4C: No. red, hard, 87'2@88%c; Mo. 2

Wheat—Market, loads; No. 1 red 8715 @88a¢:; No. hard, 861. @87%2cC. Corn—Market, strong; receipts, loads; No. 4 white, 44, @46 2c; 0. 5 white, 43% @et1o0; No. 4 yellow, «2a2@ 441c; No. vellow, 39'2@42%c; No. mixed, Jove: ‘No. 5 mixed, 37@39c. Oats—Market, steady: receipts, 9 carloads: No. 2 white, 20@30c; 0. 3 white, 28@29c.

46 car-

WAGON WHEAT City grain elevators are paying for No. 2 Fed, 82c; other grades on their merits. 2 yellow, 4lc. Oats,

Tarn corn, new No.

WINNIPEG WHEAT

Low Nov, Dec.

May July

CHICAGO PRODUCE

Eggs — Market, steady; receipts, 2841 cases: fresh graded firsts, carlots, 25%ac; less than carlots, 25'zc; ex‘ra firsts, carlots, 27%ec; less than carlots, 27'2c; current receipts, 23c; storage checks, 15c; fresh dirties, 20c; storage dirties, 17c; fresh checks, 17c; refrigerator extras, 19'V4c: refrigerator firsts, 18'2c; refrigerator standards, 19c. Butter—Market. tubs; extras (92 score, (90-9112 score), 35'2@ 36'%c; seconds, 29@31'zc; standards, 35'%c; score), 33%c; centralized (88 score), 32%zc.

Poultry — Market, steady: receipts, 31 trucks; geese, 17c: ducks, 16'2@ 19¢; spring chickens, 20@22'2c: hens, 16'2@20c; roosters, 14@15c; broilers, 14@15¢; turkeys, 16 @23c; Leghorn hens, 15'zc. Cheese—Twins, 19019 Yc; 19'%c; longhorns, 19V4@ 19!

Potatoes—Supplies,

1.05% 1.073 1.05%

steady: receipts, 6906 3714c; extra firsts firsts, 32%2@ specials, 38@ centralized (89

daisies, 19'4@ aC.

moderate; demand, light; market, steady; Idaho Russet Burbanks, $1.40@ 1.50; U. 'S. No. 2, [email protected]; Coolrado Red McClures, $1.45; North Dakota Bliss Triumphs, $1.25; North Dakota Early OARiss, $1.15; Minnesota Cobblers, $1; U. S. No. 2, 90c; Minnesota Warbus, $1.02: Wisconsin Round Whites, U. 8S. CORT ial $1. Michigan Green Mountain, $1.20. Arrivals, 98; on track, 244;

shipments, 542.

Those Who Pay Should Have War Determining Power, Flynn Says

JOHN T. FLYNN Br 9 Special Writer NEW YORK, Nov. 20.—Senators La Follette and Capper, in pressing for a plebescite on a declaration of war, give additional expression to the growing fears observable throughout the country touching a possi-

ble war.

In Washington there are men who are actually studying the possibilities of munition and armament manufacture as a means of spend-

ing Government money. A dozen dispatches from Washington from various correspondents indicate that the President has actually thought of such a thing. Various high officials have shown greater boldness in advocating heavier armaments, The President's Chicago speech runs along the same line. It is not possible to have a great armament program without first s | selling the people the idea that war is inevitable; that if Europe sets off on another war we are sure to get into it. This must be the cornerstone in any such plan for creating work and business by the armament route. This is the song which the President sang at Chicago. He practically said we cannot possible keep out if the world goes to war. Whether we go in or keep out, however, is one of those decisions which are more important than any other a nation is ever called on to determine. It is more important than any election. It is at least as important, if not more so, than adopting a constitutional amendment or approving a bond issue in a state. Most states require a popular vote to approve a bond issue on the theory that it should have the indorsement of those who will have to pay the bills. A war must be fought by the

people. The cost of the war must be borne by them. No man can estimate what the cost of another war would be to this country. Is there any reason why those who will have to pay the war cost in blood and money should not be permitted to say whether or not there

should be a war? Unfortunately, however, wars are made long before the issue of actually declaring war comes around. A small group of bureaucrats, far removed from the people, lead us along diplomatic routes which lead to war and no man ever hears of whither they lead us until we have gone too far for turning back. The problem of keeping out of the next war involves a whole series of problems — armament, propaganda for armament, traffic in war supplies, profits to be made during the war, the handling -of our diplomatic affairs in peace, and finally the problem of who shail have the final word on the declaration of war. That is the last step, but that is no reason why we should not deal with it first. Therefore this Congress will doubtless receive an immense amount of pressure to take the war-making power out of the hands of the President and Congress and give it to fighters of the battles and the payers bills—th people,

Porker Prices Drop 25 Cents To $8.05 Top

Porker prices dropped 25 cents today as unusually heavy Saturday receipts appeared, according to the Bureau of Agricultural Economics. Today's decline was partly in form of a carrying charge, whether selling agencies would hold hogs until Monday or whether killers would absorb the shrinkage. Top was lowered to $8.05 on choice 140 to 160-pound weights. Most fat sows cashed from $7 to $7.50. The cattle trade was nominally steady. Compared with the close last week slaughter steers were 50 to 75 cents lower. Heifers and cows were weak to 25 cents lower than last week. Bulls were unchanged. Vealer prices were 50 cents higher than last week to close at $12 top. The sheep market was steady. Compared with last week's close, native and fed Western lambs were $1.25 to $1.50 lower, slaughter sheep were steady.

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(7562300) Goon and choice Common, medium.

Cows

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Common, medium «;...cceveee Low cutter and cutter

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Vealers —Receipts, 50— Soot) 2nd choice .......

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[email protected] [email protected] 6.00@ 9.50

(250-500) Good and choice.. [email protected] Common, medium. 5. 50G 8.00 Feeder and Stocker Cattle Steers

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SHEEP AND LAMBS —~Receipts, 50-— Lambs—

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Shorn Ewes— (90-175) Good and choice. Common, medium.

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FT. WAYNE, Nov. 20 (U. P.).— Market, 25c lower; 140-160 1lbs., 180 lbs., $7.70; 180-200 lbs., 1bs., $7.50; 225-250 lbs., $7. 40; 225-250 1bs., $7.30; 275-300 lbs., $7.20; 300-350 1bs., $7. 10° 120-140 1bs., $7.55; 100-120 lbs. $7.30" roughs, $6. 5; stags, $5.50. Calves—$11.50, Lambs—$8. CAPAVETTE, Nov. 28 (U. P.).—Hogs— Market, 20@25c lower; bulk 140-170 Ibs. [email protected]; 200-250

$7.90@8; 170-200 Ibs., lbs., [email protected]; 250-325 lbs. [email protected]; 100-140 1bs., [email protected]; roughs, $7 down. Calves—$11. Lambs—$8. CHICAGO, Nov. 20 (U. P.).—Hogs—Re« ceipts, 11,000, Yaoi ading 10,000 directs; hardly enough to make a market; early action, 10@15c off; top, $8; 200-250 Ilbs., $7.90@8 Cattle—Receipts, 1000; calves, 100; mare ket, steady; fed steers and yearlings, 25@ 75¢ lower for week; market, uneven; steers and yearlings, shortfed newcrop, selling for week at $9 down to $7; extreme top on Jestlings $16.35; feeders, $8 down to $5.75 for week; heifers, 25@50c off; bulls, Te off, and vealers, 50@75¢c lower. Sheep—Receipts, 1000; market, steady; fat lambs, slow, [email protected] lower for wek! slaughter sheep, 75c@$1 higher; lambs, T5c@$1 lower; fat lambs, top, $10.25; yearlings [email protected]; slaughter ewes, $5.25; feeding lambs, [email protected].

Curb Stocks

By United Press

Net High Low Close Change Aero Sup B... 23 25% : Alum Co Am... 762 514 T01 +’ Am Airlines .- 1013 1074 1072 Am Box Brd. 9 9 Am Cyan B:. 2215, 221, 15. 1s 10317

1 va Am Maracaibo. 15 18 Am Supe App EI 2 pf ‘10314 Ark N Gas A.. 37% Austin Sheer: v 12 Bald Loco bd ws 4 Barium Stl . 2 Bellanca Air Berkey Gay Fur

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Can Marcony . Carrier Corp.. Centrif Pipe ... Cities Serv . Cities Serv pf . Col O&G ‘ Con Cop Mns . Cooper Bes Cord Corp .... Creole Pet

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[+1 ++] +:

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Eimer Mg . Ky .... sta Oil Ohio .

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Wright 7,

STEEL OUTPUT DROPS CHICAGO, Nov. 20 (U. P.).—Steel production dropped to 28 per cent of capacity in the Chicago area this week, according to competent observers. This was a drop of 9 points from the previous week, The present rate of production is so low that any predictions of a movement one way or another would be only guesswork, reliable sources

said. It wa; believed, however, that a further drop could be expected.

SAFE DEPOSIT BOXES |

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