Indianapolis Times, Indianapolis, Marion County, 2 December 1937 — Page 22

PAGE 22

STOCK LIST FIRMS AFTER EARLY DIP; ONDS IRREGULAR

Few Shares Decline |

More Than One Point.

NEW YORK, Dec. 2 (U. P.).—The stock market declined during the morning today. Toward noon it developed a slightly steadier tone. Railroad funds paced an irregular decline in domestic bonds today. U. S. Government loans firmed. Early losses ranged to] more than two points although declines of a point or | more were in the minority. Widest were in U. S. Gypsum | which touched 63's, off 2%; Johns | Manville 76, off 11>; Allied Chemi- | cals 133, off 2; Caterpillar Tractor 4414, off 2%; du Pont 106':, off 4, and Westinghouse Electric 9872, off 11. Some of these came back partially from the lows. U. S. Steel touched 533%, off 1, before meeting support. Chrysler sold as low as 543. off 17, and Atchison touched 37, of 1: All recovered part of the decline. Utilities moved in a narrow arc. Rubber was firm were some amusements, notably Loew’s whicn gained more than a point on declaration of a $1 extra dividend. Oils

eased. Coppers lost small amounts. | & & =

Today's Business

At a Glance

GENERAL BUSINESS

Dun & Bradstreet reports week | ended Dec. 1 bank clearings $4.604,181.000 vs. $5.283.273,000 previous | week and $6,154.592,000 year ago.

Engineering News-Record reports | Sia

ended Nov. 30 construction $41,680,000 vs. $74328.000 | year ago; November awards $165,581,000 vs. $187,001,000 in October and $162,743,000 year ago. National Coal Association estimates week ended Nov. 27 bituminous coal output at 7.300,000 net tons vs. 9,825,000 year ago.

CORPORATION NEWS

Chicago, Burlington & Quincy R. R. Co. week ended Nov. 27 carloading 14,435 vs. 17,766 previous week and 15665 year ago. Engineers Public Service Co. 12 nonths ended Oct. 31 consolidated net income $3,677,044, equal to Tl cents a common share vs. $2,973,373 | or 34 cents previous 12 months. Food Machinery Corp. fiscal year ended Sept. 30 consolidated net profit $1,854.469, equal to $4.10 a common share, record annual high, vs. $1,359,965 or $3.33 previous fiscal year.

week awards

v hi

DIVIDENDS

American Agricultural Chemical | Co., $1.25 payable Dec. 23 record | Dec. 11, bringing total payments [or | 1937 to $7.75 a share. American Snuff Co., extra 25 cents | and regular quarterly 75 cents on common payable Jan. 2 record Dec. 9. 3 Bastian Blessing Co. regular | quarterly 40 cents on common paya- | ble Jan. 1 record Dec. 15. S. R. Dresser Manufacturing Co., | $1.50 on Class “A” payable Dec. oi record Dec. 20, vs. $3 year ago. Ferro Enamel Corp. $1 payable Dec. 17 record Dec. 8, vs. 25 cents | March 31, 50 cents June 21 and 75 |

cents Sept. 20. American Investors Co.,| kK

General Inc. regular quarterly $1.50 on pre-|

ferred payable Jan. 3 record Dec. 20. | 38.407

Guaranty Trust Co., regular quarterly $3 payable Jan. 3 record Dec. 3.

Ingersoll-Rand Co. $1.50 on com- | on mon payable Dec. 24 record Dec. 8, |

bringing total payment for year to $6 a share. National Malleable & Steel Castings Co., 50 cents on common payable Dec. 22 record Dec. 8, vs. like payment Sept. 18. Square D. Co. $1.05 on common payable Dec. 24 record Dec. 14, bringing total for vear to $2 a share. L. S. Starrett Co. 50 cents on common payable Dec 30 record Dec. 17, vs. like payment Sept. 30. Tonopah Mining Co. of Nevada, 3 cents payable Dec. 23 record Dec. 8, vs. like payment Dec. 21, 1936. Willys-Overland Motors, Inc. regular quarterly 15 cents on 6 per cent $10-par preferred payable Jan. 1 record Dec. 15. American Fork & Hoe Co. regular quarterly 25 cents on common payable Dec. 15 record Dec. 4. Bliss & Laughlin, Inc., extra 25 cents and regular quarterly 50 cents on common payable Dec. 24 record Dec. 11. General Time Instruments Corp., regular quarterly 25 cents on common payable Dec. 23 record Dec. 13. Petroleum & Trading Corp., 62% cents on Class “A” payable Dec. 17! record Dec. 10 vs. like payment June 25. Quaker State Oil Refining Corp., year-end 15 cents on common payable Dec. 24 record Dec. 15. United Carr Fastener Corp., regu- | lar quarterly 50 cents on common payable Dec. 15 record Dec. 10. (Copyright. 1937, by United Press) ee ———— re TE

BANK STOCKS

Bid Bank of Manhattan .... eee 23 Bankers Trust . Baak of N. Y. Trust Brooklyn Trust ... 3 Central Hanover .... « 86 ChESE .... cov svn cose oes 30% Chemical 4

Irvi

| ent bulked $6 to $9. | sold

| bear down.

| Good

BE... Manufacturers .. National City w™ New York Trust .. Public . vas Title Guarantee . ..

MOTOR CAR SALES yp NEW YORK, Dec. 2 (U. P).— Overseas business of the General Motors Corp. is running 25 per cent | ahead of a year ago, J. D. Moon.y, | General Motors Export Corp. vic president said today on arrival from Europe. He said the market for American cars is best now in the Scandinavian countries and that the English market was “very good.”

Porker Prices Remain Steady To $8.60 Top

Hog prices remained steady in

| the local yards today according to

the Bureau of Agricultural Economics. Demand was adequate to absorb the comparatively light receipts. Many premium sales were 5 to 10 cents higher than the schedule. Packing sows moved at steady rates to bulk $7.25 to $7.75. Cattle receipts hardly offered a price test of the various classes. Cows in the cutter and lower grade beef classes and short fed heifers

{ comprised the major part of the re-

ceipts. The few medium steers presCutter cows from $3.50 to $4.75, strong weights bordering on the common beef order brought $5. A few sales of fat cows cashed from $5 to $6. Vealers prices were steady to bulk

| $11.50 to $12 on good to choice kinds.

A 25-cent reduction in values hit all classes of native and fed lambs and yearlings today as supplies increased and Killers continued to Slaughter ewes lost 50 cents. Top was $9.50 on fed Westerns, with best natives stopping at $9 and fed yearlings $8.25. Slaughter ewes bulked at $2 to $3.50.

Z p- -

* EPH Lg

Receipts $10,000 4000 5000 2500 6000 8500

IRI RI LIND 1

choice. .§ 8.40@ 8.60 8.45@ 8.60 8.45w 8.45@

choice.. choice... choice. . choice .

8.60 Good & 1 choice.. choice .

8.30@

8.20

7.604 7.50 %.25%@

8.15@

0) Gooa y

laughter Pigs (100-140) Good and choice Medium CATTLE —Receipts, 600— Choice Good Medium Common Choice Good Medium Common Choice

(550-500)

(900-1100) even verees [email protected] 7.00@ 9.50 6.00@ 7.25 [email protected] [email protected] 7.00@ 7.50 veenes [email protected] [email protected]

(1100-1300)

M (1300-1500)

Heifers Choice Good Common . Good and choice.. Common, medium. ows

(550-750)

(750-800)

Common, medium Low cutter and cutter .. Bulls Good (beef) Seales wy Cutter, common and medium. Vealers —Receipts, 600— Good and choice ......... Medium wa wii Cul land common . ve Calves (250-500) Good and choice.. [email protected] Common, medium. 5.00@ 8.00 Feeder and Stocker Cattle Steers (500-800) Good and choice . 7.00@ E Common, medium 5.25@ (800-1050) Good and choice.. 7.00@ Common, medium.

. [email protected] + [email protected] 5.50@ 8.00

10-700 Soto

5.50@

6.75@ 5.00@

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

“1h

oO OO OCOUO

Good ......0Common and medium .... 4.00 HEEP AND LAMBS —Receipts, 3000—

wo od oro

1MbS—

aoice

on Wes— (90-175) Good and choice. . 3.4 Common, medium.. 3.

ec. 2 (U. P.) —Hogs—ReC0, inciuding 6500 directs: marto 10 nis higher at . weak to lower: > ce 150-200 Ibs. packing sows,

ves, 1000; slow acrtone weak at oads $8.50 11.75 : hardly enough et: she-stock un7: beef cows weak: $3.50@ 4.50: bulls. vealsausage bulls, 87; vealers, $11

including 400 dislow, bids and sales off: bulk held for es good and choice and $9.25: choice. 11 weak to lower: $4.50 down. Dec. 2 (U. P.).—Hogs— ly: bulk 140-180 lbs., $8.50@ ay 1 225-325 1bs., 1ghs, $7.50 0

ers steady at ers steady;

a ) Sheep—Receipts, 6000, re

ana up;

Cl S 8 » 130-225 $8418.20 J. P.).—Hogs 60 Ibs. Ay 1bs.. 1bs., 2s 1bs.. 20-140 1Ibs., 35. Roughs, $7. Lambs, $3.

N. Y. Bonds

By United Press BOND PRICE INDEXES

20 20 20 Indus. Rails Util 71.8 94.2 69.3 93.8 rh 95.5 99.68 105.9 81.8 102.3 101.2 106.0 69.3 2.3 100.4 106.2 84.7 103.5 86.4 103.6 1.0 89.3

300

~1000000

300-350 » 100-120 § . $6. Calves, $

tones + OO

60 Bonds 82.3 81.1 85.4 100.1 91.8 100.3 81.1 100.2 93.3 93.1 83.0

Year ago..... Two Years ago. 1937 High...... 1937 1936 1936 1935 1935

NEW YORK, opened steady.

2 (U. P.).—Bonds

Net Change Am T&T 4los . -—3-32 Chi Nor W 434s °* ene Cleve Un T 5s... Iowa Cent 4s ..... Liquid Carb 4s.... Norway 4s Peru 6s 6)...... Peru 6s '60 . Seaboard 6s vive 9 S00 RWY B08... cvvnyvnvvnn 621;

Open .100 5-16 . 63%

Curb Stocks

By United Press NEW YORK, Dec. 2 (U.P.). opened irregular. ~~Cubeons ° Net Am Cyan B 5h hang Cities Serv s Cons Cop Mns .... Eagle Picher Lead... El B&S Lake Sh Mi Niag Hp .. Pennroad .

5 -— I, . ot 3 B.C + 1g

| Technicolor

i | 1 i li { | | |

See Final Edition of the Times for

Closing Stock Quotations and Other Late News

7000 | 5500 |

8.60 |

{.35@ 8.75 |

0 | Hupp Motor

-=9 | Div C ( | fo D U | Div Shrs

~~ THE INDIANAPOLIS TIMES

"NEW YORK STOCKS

By United Press

Net High Low Last Change

Alleg Steel Allied Kid Allied Stores Allis-Chal Am

we IS .ais e153 8% 43

Nese

m Anaconda ..... Armr Del pf... Asso Dry Gds.. Atl C Line .... Atl Refining ... Atlas Corp .... Auburn Auto .. Aviation Corp..

Bait & Ohio... Balt & O pf... Barber Co ..... Bendix Avn Beth Steel Boeing Air Borden Bush Terminal.

T4141 1114] - .

- -

Callahan Zinc.. 17s Calumet & H.. 83% Canada Dry . 14% Can Pacific _. 84s Caterpillar T .. 47 Ches & Ohio 37% Chi: Gt W Ry . Ya Chi Ma:l Oraer. 12% ChMStP&P_ pf 2 Chi Pneu Chrysler ... Col & Aik Coium_ Gas +... Com Credit .... Com Inv Tr .... 42 Com Solvents .. 8% Commonw & So 2% Cong-Nairn Cons Edison ... Cons Film Con Textile ... Cont-Dia F .... Cont Qil Del ... Corn Prod .... 3 Crane Co cv pf. 9 Crown Zeller ... Curt Pub pf .. Curtiss-Wr A

ory oO UNI Pa ar Tar Vidi NANA A Fa

OWI +i +1]:

Tor 00 «1-7

Vg Ys

Deere & Co .... D Lac & W .... Dist Seag Dome Mines ... Dresser A Dresser B Du Pont

8 1g ls

E+

0 10 12 1093 109% Sa i Elec Auto-L .... 19% Elec Pwr & Lt : 13'2 Erie 1 pf 11% wif

1 1 1 7

195g 133s 11%

‘ 4

Fair Morse .... 28 Fed Dep St pf. First N Strs . Flintkote 18 Foster Wheel ..

28 7

32%

Gair Robt .... Gen Am Tr .. Gen Cable pf .. Electric ... Foods Motors ... Qut Adv . Thire Eq . Goebel Prew Goodyear . Glidden rts . Gt North pf

Hack Wat | Helme G W ... Homestake .... Houston Oil

32 3; 6 65 6134 412 = 411%

634

{ Ingersoll Rand Inland Stl ... Int Harvester Int M Marine . | Int Nic { Int P | Int Int T&T

- 6134 412 411; 0 . 41% [0 rf 52 ll Kan C Sou pf.... 20 Kresge DS .... 6 Kresge S S.. 16%

Jewel Tea 52

20 6 -~ 163% 6% 8634 892 363 48 39 187% 167s

Leh Val R R.. Ligg & My.. ... Ligg & My B... Link Belt 36 Loew's .... Lone Star C Loose-W Bis Lorillard Ludlum Stl ....

RH.... e Mid .. hall Fid .. Masonite Corp.. McCall Corp ... McCrory Mcintyre Porc.. Mengel Miami Cop Mident Pet ....

Macy A 1

37% 5a 8% 8° 19%2 19%

INVESTING CO.’S

Bid Ask Bid Ask

11.80 12.55 Key cf B2 22.46 24.56 4.07 ci B3 14.08 16.39 67 [ 0 17.11 3.44 cf K2 10.58 11.58 14.98 ey cf S2 14.69 16.12 22.36 23.91 Key ef S¢ 5.32 5.99 12.88 14.13 Marvid Fd 5.62 6.21 19.45 21.45 Mass Inv 19.01 20.17 24 3.47 Mut Inv 10.57 11.55 17 == |NgHlIwd sec 3.22 3.52 an ' vig 125 1.38 Natl inv 4.94 5.19 |New Eng 11.90 12.80 N Bks 2.63 .

N. Y. Stocks, Inc. Bk’ Stks 7.69 3.3

| Adm Fd Atll Fd | Am Bus

Comwith Cp, Tr Sh

| Dep Ins A

BIRO IIRL oI fd

x ho ag I-10 Ww

| Equity 17.20 18. Fidelity 17.53 18. | Fiscal Fund, Inc, | Bk Stk 2.

alow ANE DD POOR W—dOWh UD

start. | top.

irs e m Gen Cap 28.67 30.83 Sel Inc Gen Inv 443 438 Group Securities Agri 1.10 1.20

.80' Sup new 8.96 1.19 Tr, St Inv C 2.27

93 1.02 Inc Invs 16.28 17.51 Tr St Of : Instl. Securities Ltd.! B ous $3 : Bk Grp 1.11 125 Tr Ind a1 1 y Bank Corns. US L&P A 13.13 13 Banc Bl 5.50 6.50! * 192 2 Ist Bos 12.00 13.50 vig 88 96 Schoe 38 2.38 Well ; £42 nv Fd C 9.62 10.22 alicho

.00 = 68 02

“

Determine Cost

Farm Bill Firs

Times Spec NEW YORK, Dec. 2.—Plenty of ton that taxes will not be increased. pressing resolutely for repeal of the profits tax. If these taxes are re controversy about them, the Gov-

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS

eeeneses 122,11 1.37

Yesterday Week ago—Holiday. Month a0 ........eovesseee 128.84 Year ago . 181.29 High 1937, 194.40; low, 113.64. High 1936, 184.90; low, 143.11. 20 RAILROADS 31.56

-1.30 +1.04

Yesterday Week ago—Holiday. Month B80 .ssvasrirsssssees Year ago ". High 1937, 64.46; low, 29.15. High 1936, 59.89; low, 40.66. 20 UTILITIES

32.27 54.57

Yesterday Week ago—Holiday, Month ago Year ago High 193%, 37.54; low, 19.65. High 1936, 36.08; low, 28.63. 50 STOCKS Yesterday Week ago—Holiday, Month ago Year ago High 1937, 69.67; low, 38.87. High 1936, 66.38; low, 51.20.

Net High Low Last Change 58 58 1% 17 17 31% 34%

1202

Minn Hny .... Mission Corp ... Mont Ward .... Mother Lode Motor Whi ..

Nat Acme .. 1134 Nat Biscuit .. Nat Dairy. ...... Nat Distillers.. Nat Gypsum Nat Lead .... Nat Pwr & Lt.. Nat Sup Penn. NewFot Ind..

BS tk st ©

=T09 C100 sa += 00 UY =T PI UY

led]

en ® ene @

A No A

WHEAT PRIGES GAIN ON FOREIGN REPORT

‘Argentine Crop News Sends Grain Futures Higher.

Drs

Ber... m Ed pf..

CHICAGO, Dec. 2 (U P)-—A huge drop in the Argentine wheat crop of three major provinces there turned wheat higher today on the Chicago Board of Trade. At the end of the first hour wheat was 9 to 1ls cent higher, corn was unchanged to !2 cent higher, and oats were '& to li cent higher. A private estimate of the yield in the three provinces of Cordoba, Santa Fe and Entre Rios placed the crop at 93,153.000 bushels against 123,849,000 a year ago. Buying started in fair volume on the report and all early losses were quickly erased. Wheat receipts were 16 cars, The upturn in wheat carried corn higher and all losses were wiped out. Operations on either side remained small, however. Corn receipts were 231 cars.

LIVERPOOL WHEAT Prev. h Low Close Close sa $1.137s $1.15%4 S$1.14%% . 1.127% 1.142 1.143g 1.15%

1.13 1.14% 1.14% ARGENTINE GRAIN

Wheat—Dec. 903% ¢c, off sc. Corn—December, 67'sc. up "lsc; February, 663 c, up ss. Oats—Spot, 29c, off Isc. Flax—February, $1.24'2, unchanged; March, $1.25, up lsc.

ig December .. $1.15}

gc. February.

WAGON WHEAT rain elevators are. pavin 4c; other grades cern, new No.

City 2 red, Cash 2%7c¢.

for No. their merits. yellow, 4lc. Oats,

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The following quotations do not repre sent actual bids or offering. but merely indicate the approximate market level based on buying and selling inquiries or recent transactions. BONDS

Citz Ind Tel (TH) 4Ys H & Tel Ft W 52s H Tel & Tel Ft s Ind Asso Tel 4! Indiana Tel Co 5s 60 .... . Ind Railway Inc 5s ‘67 .. ve Interstate Tel & Tel 55s 53.. Indpls Water Co 3's 66... .. Kokomo Water Works 5s 58.. Moris 5&10c Stores 55 50 ... 9¢ Muncie Water Works 5s 65 . Noblesville H L P vw

Bid Asked 103

418 55 . Richmond W W 5s 57.... Seymour Water Co 5s 49 THTrac & L 5s 44 ....... T H Water Works 55 56 T H Water Works 6s 49 Trac Term Co 5s 57 ..

STOCKS

Belt RR St Yds com Belt RR St Yds pfd Cent Ind Pwr 7% pfd Home T&T Ft W 7% Hook Druz Inc com Ind & Mich 1 7% ........ Ind Gen Serv Co 67% pfd Ind Hydro Elec 7% pfd Indpls Gas Co com . *Indpls Pwr & Lt pfd 67% .... *Indpls Pwr & Lt pfd 6%% .. Indpls Water Co ptd 5% 102 Linco'n Natl Life Ins Co com. PR Mallory Com. ..... aus N Ind Pub Serv Co pfd 5%. N Ind Pub Serv pfd 6% wav N Ind Pub Serv : Pub Serv of Ind 67, .. Pub Serv of Ind 7%.... Progress Laundrv Co com Smith Alsop P&V pfd.... Smith Alsop PAV com ... Terre Haute Elec Co 6%.. Union Title Co com. Van Camp Milk Co pfd Van Camp Milk Co com

(Bv M. P. Crist & Co.)

Market St. Investing Corp.... 22.67 *Ex-dividend.

HON IDI

NO Oo

of Proposed t, Flynn Advises

By JOHN T. FLYNN

ial Writer

assurance has come out of WashingAnd, of course, business groups are capital-gains tax and undistributed-

pealed, regardless of the merits of the

ernment’s revenues will be decreased and new sources of taxes will have to be found. But in the meantime Congress is discussing something which ‘is in a way an egg containing one of the most gigantic tax chicks to be hatched in many seasons—perhaps the biggest since the bonus. This is the farm bill. Under this bill farmers, in one way or another, are going to be paid | money to reduce their crops. That money has got to come from somewhere. And apparently it is going to be taken out of the hides of those least able to pay. Already 60 per cent of the taxes paid this year are being collected by means of invisible taxes. But how much will the Government have to collect from the pocketbooks of wage earners to support this farm program? Senator Smith, chairman of the Senate Agriculture Committee, said it was anybody's guess how much this bill would cost. Nobody, he said, could estimate it. That's a pretty dangerous basis for a Government with a vast deficit to operate on. The Senate bill authorizes the Secretary of Agriculture to spend | such sums “as may be necessary.” Senator Vandenberg asked Senator Smith if that meant one billion or two billion. Senator Smith threw up his hands and cried aloud: “Good God! If we had known that we

is that a business depression is under way because purchasing power is falling off. Purchasing power is falling off for two reasons. One is that prices have risen too

fast and the other is that fresh long-term funds—Government and private—have been declining. Here now is a bill to raise prices some more and cut purchasing power further. But at the same time, while reducing purchasing power through raising farm prices, a further reduction is to be made by putting a tax upon the users of food. For there is no way out of that unless we get the money by borrowing, which would be a form of madness. For five years we have had a flow of legislation adopted without anyone having any idea where it would lead or what its end or cost would be. At the end of five years and so many failures in legislative experiments, would it not be an excellent idea to sit down with a pencil and paper and calculate precisely what | this bill will cost and who is to pay

TTT. WINTER STARTING

USE

would have said so.” One

KING BENZOL GAS |

| U

Net High Low Last Change No Pacific 127, 12% 12% — %

) 3s

Ohio Oil Omnibus Otis Elev Otis Steel

1238 14 26% 10

++]

1 1s ig

Pacific Lt

B wan Packard cxnu

37% 5 12

Penn RR ..... Pet Corp Am.. Pfeiffer-Brew . Phelps Dodg... 2 Phila Read C I. Phillips Pet ... Plymouth Oil.. Pure Oil

HETIL

io . Radio-K-Or ... Republic Stl ... Reyn Met ..... Reyn Tob B ... Richfield Oil ..

Servel Inc Shattuck Shell Un Oil .. Simms Pet Socony-Vacu h Pac

um’ South Ry pf on Spalding Spiegel Inc ....

090 LID BID a 13 HO

0 me Seay w AONO NDP ADA

Std Oil Ind ...: Std Oil NJ .... 45 Stone & Web .. Studebaker . Sunshine Min . Swift & Co ... Syming-Gould Syming-Gould Tenn Corp ..... Texas Corp ..

Timk-D Ax Timken R B

“e's 3 20thCent-Fox pf

42 28% Ulen & Co .... Union R&P .. 10 Union Carb .... T0 Un Oil Cal Un Un Tank vias BE Un Aircraft Cp. Un Air Lines .. United Corp United Cp Un El Coal United Fruit Un Gas Imp... U S Gysum....

pf i e. 55% 115

U U U U S Steel......

Vanadium ...... Walworth

Westing El .. Weston El In.. White SS Dent. Wilson & Co ..

27Va 10% 212%

2% 101s 22% 3812

Yale & T Yellow Tr . Young S & W Young Sheet

Zonite

FOREIGN EXCHANGE

NEW YORK, Dec. 2 (U. P.).—Noon foreign exchange firm.

Cable Rates Endland (pound) .. 4.99's England (60-d-b-r). 4.98% Canada . 1.00 1-32 France 0 } Italy Belgium Germany . Germany (Trvl mk) Switzerland (franc) Holland (guilder) Sweden (krona) Norway (krone) Denmark (krone) .. 3 Austria (shilling) Czechoslocakia (koruna) “ve Finland (markka) Greece (drachma). Jugoslavia (dinar). New Zealand ) rpound Poland Dumania Argentina (offl. peso) Argentina (unoffl. peso) Brazil (milreis) Chile (peso) Peru (sol) Uruguay (peso) Mexico (silver) Hong Kong (dollar) Shanghai (yuan) India (rupee) Japan (yen)

Net Change 4.001% +.00%s (dollar) . a hy (franc) 4.0000 1-16 (lire) —.0000%% (belga) (mark)

“es

Eggs—Market, weak; receipts, 3353 cases; fresh graded firsts, cars, 23c; less than | carlots, 23c; extra firsts, cars, 24c, less | than cars, 24c; storage checks, 19¢; cur- | rent receipts, 22c¢; fresh dirties, 18c; fresh | checks, 16¢c; refrigerator extras, 1834c; refrigerator firsts, 18c; refrigerator stand-

ards, 18'%c. Butter Market, firm; tubs; extra I1irsts (90-91'; score), 38¢, extras (92 score), 39¢; firsts, 34%;ic; seconds, 29@31'2c; specials, 3912 40c; standards. 36%;c; centralized (88 score), 32'zc, centralized (89 score), 34'sc. Poultry Market, easy; reecipts, J trucks; ducks, 15@17%c; geese, 15'%c: spring chickens, 19@ 22'%¢; hens, 16@19%2c: roosters, 1l4@l5c; broilers, 14@15c; turkeys, 15@22c; Leghorn hens, 14!ac. Cheese—Twins, 19@ 19'4c; daisies, 19'4@ 19'z2c; longhorns, 19% @19%zc. Potatoes—Supplies, light: demand. slow: market, weak; Idaho Russet Burbanks. $1.35@ 1.40; U. No. 2, $1.12'%; Colorado Red McClures, [email protected]: Nebraska und Wyoming Bliss Triumphs, [email protected]: Minnesota Cobblers, $1.10; Wisconsin Round Whites, $1.05. Arrivals, 55; track, 283; shipments, 534.

LOCAL PRODUCE

The prices quoted are for quick gathered in the country, while for deliveries prices are 1 cent higher. Each case of €ggs must weigh 55 pounds gross. Eggs—No. 1 strictly fresh. loss off, 24c. Chickens—Heavy breed hens. 4'2 pounds and over. 17c; under 4':> pounds. l4c: Leghorn hens, llc: heavy springers. 11% pounds and over. 18c: Leghorn springers,

ee receipts, 5693

3634

322

MINIMUM COAL PRICES HELD AID T0 STATE MINES

New Schedules Mean Tonic To Lagging Industry, Greenlee Says.

Times Special WASHINGTON, Dec. 2.—The coal industry generally, and in Indiana particularly, will benefit from the minimum price schedules established by the National Bituminous Coal Commission, Commission Member Pleas Greenlee said today.

Mr. Greenlee, who was appointed from Indiana upon recommendation of Senator Minton, represents the general public on the commission. “Minimum prices established by the commission will alleviate many trying conditions in the coal industry nationally,” he said. “They will provide a tonic for a lagging industry. “I am particularly happy that, along with the rest of the United States, Indiana®undoubtedly will benefit considerably from these prices. Certain advantages to Indiana’s District 11 are particularly worthy of mention.

Wage Structure Stabilized

“The wage structure in the coal industry in the state is stabilized and the impending threat of reduction in miners’ pay has been averted. Producers can. assure miners that wage contracts will be maintained and thus a healthy labor situation is assured.” . Benefits will accrue to consumers by bringing industrial and domestic coal prices into their proper relatonship, Commissioner Greenlee declared. Should modifications be necessary in the future, the machinery is provided for making them, he added. “I believe that, on the whole, minimum prices will help to advance the President's program for aiding industry and business and such prices will certainly be a benefit to the State of Indiana,” he said.

PACKING PLANTS AID IN RED GROSS DRIVE

Two Report Enrollment Gains Over Year Ago.

The annual Red Cross membership campaign showed substantial increases yesterday as reports from the Indianapolis meat packing plants were recorded at local headquarters. Kingan & Co., employees reported | 618 Red Cross members as compared | with 204 last year. Armour & Co., | reported 232 enrollments as com- | pared with 172 a year ago. St. Vin- | cent’s Hospital reported a gain of | 20 members. Mrs. Louis A. Yochem, chairman of the first precinct, and 20th Ward, | reported that incomplete returns would show 115 enrollments as compared with 85 in 1936. Mrs. Edna White, chairman of the Second Precinct, Eight Ward, submitted incomplete returns of 65 as compared with 33 a year ago. Mrs. Walter Hutton, who is in charge of the Marott Hotel, reported that her work was incomplete but that she had turned in 96 new memberships as compared with 44 in the previous drive.

‘MAGICAL ACT SET FOR P.-T. A. MEETING

The Parent-Teacher Association of School 82, 4700 English Ave., will be entertained by George Paxton, a magician, at 7:30 o'clock tonight. Wednesday evening the City Schools’ Mothers’ Chorus, under the direction of Charles Geyer, will sing the cantata, “The Wondrous Story.” Following the choral number junior high school pupils of the Christian Park School will present “The Story of the Other Wise Man.” Mrs. Joe Chalmers, school P.-T. A.

1'> pounds and over, 1l4c; bareback broil- . 15c: old roosters. 9c. Ducks—White, 42> pounds and over. ful feathered and fat, llc: colored ducks. pounds and over. 9¢: under 4!fuil feathered and fat. 8c: ducks, 5c. eese. 9 pounds and over, full | feathered and fat, 9c. Butter—No. 1, 39@39!ac: 37%2¢. Butterfat—No. 1, 35¢:

1 i

41; pounds.

No. 2. 37@ No. 2. 33c.

U. S. STATEMENT

WASHINGTON, Dec. 2 (U. P.). —Government expenses ana receipts for the current fiscal year, through Nov. compared with a year ago: This Year Expense ..$3,089,329,406.72 Receipts .. 2,310,580.246.85 Deficit ... 778,749,153.87 ; . 2,608,228,140.44 = 1,405, 5. . 30,779,282.04 931,285.028.33 33,794,162.718.16 11,184,249 406.97 178.692,200.23 r

; . Total Pur. $8.930.85 $1.242,514.603.09 NAPOLIS CLEARING HOUSE

$3.110,000 9,261,000

FOOD PRICES

CHICAGO, Dec. 2 (U. P.).—Apples — Michigan McIntosh, [email protected]. Sweet Fotatoes — Tennessee, bu. hampers, 80@90c. Carrots—Illinois, bu., 35%#Jc. @Hinach— Illinois, bu., 50c@$1. Tomatoes — Texas, lugs, [email protected] Cauliflower—Long Island, | crates, $161.15. Peas—California, hampers, { $2@3. Celery—Michigan, square crates, 30 | @75c. Onions (50-1b. sacks)—Illinois, In- | diana and Michigan Yellows, [email protected]; Idaho Valencias, $1.02!%2; Colorado Valen cias, [email protected]; Wyoming Danvers. $1.15.

Customs Inactive gold INDIA Clearings Debits

Indiana runner |

president, and Mrs. Vivian Sowers | Rankin, principal, will preside.

CHICAGOAN ADVISES LIFE UNDERWRITERS

Lynn S. Broaddus of Chicago, ata luncheon in the Claypool Hotel today told the Indianapolis Association of Life Underwriters that the “modern insurance man could negotiate with the most cautious of persons if he would offer services fitted to the particular person's | needs.” He suggested placing a juvenile policy or an educational fund policy in the Christmas stocking along with toys.

SETS NEW DIVING RECORD MILWAUKEE, Dec. 2 (U.P.).— Max E. Nohl, 27, dressed in his home-made diving suit, descended 420 feet into Lake Michigan today to establish a new diving record. His record exceeded by 113 feet the mark set for deep-sea diving by Frank Crilley at Pearl Harbor, Honolulu, in 1915.

BUSINESS EDUCATION

Strong Accounting. Bookkeeping Stenographic and Secretarial Day and evening sessions 8337. Fred W Case Principal.

Central Business College

Architects and Builders Building Pennsylvania and Vermont Sts.. Indpls.

psa “=> FEDERAL

CO-OPERATION

Investors’ funds that responsible home owners use to finance the purchase of homes. The mortgages given by home owners provide most excellent security for the investment of savings.

You can invest here with profit and insured safety. If you need a home loan you can get one here at less cost. this week—no obligation.

YAN

savings provide the

Fowler, charged with being an ac-

THURSDAY, DEC. 2, 1937

She Intends to Bake Own Cake

LOGANSPORT, Dec. 2.—If Mrs

on her 107th birthday Dec. 13, she

. Rebecca Kerns (above) has a cake intends to bake it herself. In fact,

all activity at her home is in her hands for she is sole housekeepeer for her son, Luther, 67, Luther is the only survivor of a family of 11 Mrs. Kerns was born in Carroll County in a cabin built by her

father, John McBryan. She remen the wolves and wild boars lurking n

1bers building log fires to frighten ear their home. She also remembers

her fright over the first train she ever saw.

Says Nations Are Like Boy

Receiving Gun

SPRINGFIELD, Mo. Dec. 2 (U. P.).—Heavily armed nations are like the little boy who received a gun for Christmas, Jeanette Rankin, former Congresswoman from Minnesota, said in a speech here.

After the boy was given the gun he made the following entries in his diary: “First day, snowing, couldn't go hunting. Second day,

| snowing, couldn't go hunting. Third day, snowing, shot grandma.”

The nations, like the boy, Mrs. Rankin said, find that arms are a constant temptation to use them. As the first Congresswoman in the country, Mrs. Rankin was one of the few in Congress who cast a vote against entering the World War. She spoke yesterday at Springfield State Teachers College and Drury College.

FOWLER MAY SEEK DIRECTED ACQUITTAL

Faces Charge of Giving Aid To Convicted Slayer.

Defense attorneys today indicated they would ask for a directed verdict of acquittal in the trial of Robert

cessory in the slaying of Mrs. Mary Lucille Adams. Ralph Adams, the dead woman’s husband, was found guilty by a jury of second-degree murder and sentenced to life imprisonment Tuesday for the slaying. As Fowler's trial opened in Criminal Court yesterday, State's attorneys attempted to show that Fowler aided Adams in his escape and flight to Shelbyville after the shooting on April 13 in the 100 block Park Ave.

FRIENDS COMMITTEE MEMBER TO SPEAK

Mrs. Frank H. Streightoff, Indiana | representative of the American | Friends Service Committee, is to speak before members of the Optimist | Club at noon in the Columbia Club | tomorrow. Her subject is to be “A Resettlement Project as Conducted by the American Friends Service Committee.”

CHRISTMA

CHART SHOWS HOW SAVINGS GROW AT

Compound Dividend Rate!

Cert

SAVINGS & LOAN ASSOCIATION

OF INDIANAPOLIS

Why Spend ALL Your

Make Some of It Earn 3% for YOU!

Save Any Amount From $1 to $5,000

Write for FREE Savings Bank and Folder Explaining INSURED Accounts

ASKS WIDER USE OF FINGERPRINTS

Bar Association Also Praises Morrissey at Dinner in Columbia Club.

Extension of compulsory finger printing to include persons arrested here on minor charges and released { on their own recognizance had been | recommended today by the Indian | apolis Bar Association's grievance committee. The recommendation was made by

Robert Coleman, committee chair- | man, at a dinner in the Columbia | Club last night. Police Chief Morrissey was coin{mended for his efforts to break ale |leged alliances between some pro=fessional bondsmen and attorneys. Employment of a staff of investie {gators to seek evidence against ame bulance-chasing lawyers and accident claim-adjusting concerns also was recommended in the grievance committee report. Officers elected were Thomas D. | Stevenson, president; Clarence Mer= rill, first vice president; George R. Jeffrey, second vice president; {James C. Jay, secretary; Herman W, | Kothe, treasurer, and Floyd J. Mattice and Austin V. Clifford, executive committee members.

WARFLEIGH SEEKING SEWER FINANCE PLAN

A committee of Warfleigh resi dents today sought a method of financing construction of a sewer fol lowing announcement by the Works Board that they could not finance it except by direct assessment. Meme bers of the committee are James R. Spalding, Russell Moore, Charles VanMeter, Stephen Clinehens and D. T. Conrow.

LAGUARDIA VOTES A. L. P,

NEW YORK, Dec. 2 (U. P.). ~= Mayor F. H. LaGuardia and Mrs. LaGuardia are enrolled as supporters of the American Labor Party, the Board of Elections dis= closed today. The mayor and his wife voted in the last election under the A. L. P. emblem.

Colonial

Savings and Loan Association 28 South Illinois St.

S MONEY?

All Accounts INSURED up to $5,000.00

23 W. OHIO ST.

Investigate

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conditioned, cleaned. All

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FAIRBANKS JEWELRY and LOAN GO.

Men’s Out-of-Pawn

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