Indianapolis Times, Indianapolis, Marion County, 3 December 1937 — Page 32

PAGE 32

ALL SECTIONS GAIN ON STOCK MART IN

MODERATE VOLUME

Trading Turns Dull in Early Afternoon Session. NEW YORK, Dec. 3 (U.

P.).—Stocks advanced fractions to more than 2 points

in moderately active trading |

today. At one time buying was sufficiently active to cause tickers to lag. The market opened quiet and was dull again in the early after-

noon. Best gains were in leading issues.

All sections participated. There was |

nothing in the news to account for the sudden demand which was ascribed to technical causes. United States Steel reached 58'%, up 1%: Bethlehem 54%:, up .%; Chrysler 39, up 1; Westinghouse | Electr.c 1073, up 2; Sears Roebuck | 573%, up 2; Phillips Petroleum 417%, up 113; National Steel 64':, up 2'z; Anaconda 31%, up 1; Johns Manville 85. up 3; Eastman Kodak 158, up 7: Allied Chemical 162, up 4; Amerada 56%:, up 3; International Harvester 69'z, up 23%: Union Pacific 89, up 2, and du Pont 1163, up 23%, Utilities gained fractionally. » ® =

Today's Business At a Glance

GENERAL BUSINESS

Dun & Bradstreet reports retail trade this week 1 to 4 per cent over last week and 3 to 12 per cent over year ago; wholesale 3 to 10 per cent over year ago. Federal Reserve reports gold stock this week unchanged at $12,774,000,000: excess reserves $1.120,000,000, off $20,000,000; circulation up $14,000,000: brokers loans off $8,000,000; ratio unchanged at 80.0; 80.3 year ago.

CORPORATION NEWS

Bell Telephone Co. of Pennsylvania October net operating income $1.439.300 vs. $1,457,227 year ago; 10 months $13,395,437 vs. $13,342,582 year ago. Nash-Kelvinator Corp., fiscal year ended Sept. 30 net profit $3,640.747. Report covers earnings of Nash Motors division for 10 months since close of last fiscal year Nov. 30, 1936, and earnings of Kelvinator division for nine months since date of merger, Jan. 4, 1937. Addressograph-Multigraph Corp. first 10 months net profit $1,663,133 equal to $2.20 a common share vs. $1,000617 or $1.34 year ago; Oct. net $118430 vs. $125.469 year ago. Consolidated Oil Corp. and sub- | sidiaries 12 months ended June 30 | consolidated net profit $18.656,816 equal to $1.32 a common share. National Automotive Fibres, Inc. first nine months net profit $568,670 equal to $2.30 a Class “A” share vs. $680,953 or $2.75 year ago. Waukesha Motor Co., October quarter net income $152,479 equal to 38 cents a common share vs. $178,311 or 44 cents year ago.

DIVIDENDS

Beatrice Creamery Co. extra 50 cents and regular quarterly 25 cents on common payable Jan. 3 record Dec. 14 vs. like extra Jan. 2. Clark Controller Co.. $1 on common payable Dec. 15 record Dec. 10 vs. 50 cents Sept. 29. Consolidated Mining & Smelting Co. of Canada, extra $1.50 and regular semiannual 50 cents payable Dec. 31 record Dec. 8. Detroit Gray Iron Foundry Co. extra 8 cents and regular semiannual 2 cents payable Dec. 20 record Dec. 14. International Products Corp., $3 on preferred arrears payable Dec. 15 record Dec. 10 vs. like payment Sept. 15. Liquid <Carbonic Corp., regular quarterly 40 cents on common payab' Jan. 3 record Dec. 18. Midland Steel Products Corp., $3 on common payable Dec. 24 record Dec. 15 vs. 50 cents each Jan, 1, April 1, Ju'y 1 and Oct. 1. National Cash Register Co.. extra 25 cents and quarterly 25 cents on common. Extra is payable Dec.. 23 record Dec. 14 and quarterly payable Jan. 15 record Dec. 30. Last previous was 25 cents Oct. 15. United Fruit Co., special $1 payable Dec. 23 record Dec. 6 and regular quarterly 75 cents payable Jan. 10 record Dec. 20. Winn & Lovett Grocery Co.. 25 cents on common “B” payable Dec. 22 record Dec. 13 vs. like payment Oct. 1. Briggs Manufacturing Co., final for year of $1.50 on common payable Dec. 23 record Dec. 14 vs. 50 cents March 31 and $1 each on June 25 and Sept. 30. City Auto Stamping Co. interim 30 cents and regular quarterly 15 cents on common payable Dec. 20 record Dec. 8. General Outdoor Advertising Co., Inc., $1.50 on Class “A” arrears payable Dec. 24 record Dec. 9. First payment on issue since $1 May 15, 1931. Hecla Mining Co. 25 cents payable Dec. 29 record Dec. 9 vs. like payment Sept. 15. Waukesha Motor Co., regular quarterly 25 cents on common payble Jan. 3 record Dec. 15. (Copyright, 1937. by United Press)

DAILY PRICE INDEX

NEW YORK, Dec. 3 (U. P).— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press (19301932 average 100), Yesterday «....c.evsssvenunes 107.01 WEEK 880 «v esrrrrrvenvrevese 117.13 Month 880 «sasssssesrssensee 12047 Year 880 vcr vnenrnonnees 136.91 1937 high (April 5) :c.ve.eeee 158.26 1937 low (Nov. 30) ........... 116.80

FOOD PRICES

CHICAGO, Dec. 3 (U. P.). — Apples— Michigan McIntosh, [email protected]. Sweet Potatoes—Tennesee, bu. hampers, 75@9%0c. Carrots—Illinois, bu., 35@40c. Spinach— Illinois, bu., T5¢@$1. Tomatoes — Texas, lugs, $3.25@4. Cauliflower—Long Island, crates, [email protected]. Peas—California, hampers, $1.75@3. Celery—Michigan, square crates, 26@65c. Onions (50-1b. sacks) —Illinois ¥ elington Valencian, 550031 Se. dows. To: n Va ; Towa el- | plows, $1.10. >

Hogs Move 1n Uneven Trend

To $8.85 Top

| Hog prices moved at uneven rates | today after an early advance of 25 | cents on all weights, according to | the Bureau of Agricultural Economs.. However, a liberal share of the receipts cashed at the full advance. Many late sales of weights above 225 pounds sold at steady prices with yesterday. Late sales of weights between 200 and 225 pounds were 10 cents higher, while lightweights under 200 pounds were 15 cents higher. Top moved to $8.85 on good to choice 140 to 180 pound butchers. Packing sows were steady, to bulk $7.25 to $7.75. Cattle receipts consisted mostly |of plain grades of she stock which moved at firm prices. Common native heifers sold from $5.50 to 1$6.50. Cutter cows cashed from $3.50 to $5, while common beef cows ‘brought $5 to $5.50. A part load of mixed yearlings sold for $8. Vealers were 50 cents lower as good to choice kinds sold from $11 to $11.50. Heavy calves moved from $6 to $8.50. Lambs were steady to 25 cents higher. native offerings scored the advance. Top was $9.25 on both native and fed offerings.

Receipts 4000

Light Lights— (140-160) Good Lightweights 1160-180) Good (180-200) Good (200-220) Good 1220-250) Good Heavyweights— (250-290) Good 1290-350) Good Packing Sows— (275-350) GOOA «vvvveeeencee (350-425) Good .... (425-550) Good trssssasen (275-550) Medium ..... Slanshes Pigs (100-140) Good 3rd choice.. Mediu .

choice. .

i choice. and choice. and choice. and choice.

R999

choice. choice.

and and

NOD Hw wWoBd wn NOS OD Dod DY

03 Pa

. S14 2099.0 20 PPH®

WO aw on

500—

esssssssnse

—Receipts, (550-900) Choice Good .... Mellium . Common Choice Good Mediu an (plain) Choice Good .. Medium Choice G

— tpt

(900-1100)

bk ek SII (3 (1 5300 09

pt POON UU -It

8333skuvuy

(1100-1300)

NERS)

(1300-1500)

sressssane

Heifers

(550-750) Choice G

(750-800) Good and choice

ommon. medium.

| Common, medium { Lom cutter and cutter ...

| Good (beef) . Cutter, common and medium. Vealers --Receipts, 500— Good and choice ...... “ee Medium “uiale Cull and common

(250-500) Good and choice... Common, medium. Feeder and Stocker Cat Steers (500-800) Good and choice.. Common, medium. (800-1050) Good and choice.. Common, medium.

“10-32

Heifers—— Good and choice . Common and medium ...eee Cows— Go

Sh oan aca g Sa 8883 3 DI 99D hin amy 10s wea - 35 an 8883

—Receipts, 2000— Lambs—

sate .tesretiasensee

“oo

(90-175) Good and choice., ommon, medium..

CHICAGO, Dec. 3 (U. P.).—Hogs—Receipts, 10,000, including 4500 recon market, uneven: 220 lbs. down, Past ‘higher mn Thursday: butchers, 240 ot oop: sows, 10@15¢c up: top. ng Fea. [email protected]; Fkutchers, 240-306

TI Ct 1000: calves, 500; market, slow. unreliable trade on fed steers and vearlings at week's decline: mostly holdovers from earlier i early trade, downward from $9.75: selling above $11: low cutter and ee active, steady: beef cows, slow, steady: heifers. $7.50 down: cutter cows, $3.25@ 4.75; sausage bulls. steady, top, $7; vealers, 25@50c off: top. $10.50. Sheep—Receipts, 4000. including 300 diects: market on fat lambs, active, steady to stronger: 10@1:c up on asking pices: good to choice Jed lambs, upward to ‘$9@ 9.25: early Roy 9 on choice natives: ewes. $3.50 CINCINNATY ‘Dec. 3 (U. P.) —Hogs— Receip 2700; none direct: market. generally sane higher: top, $9; 100-140-1b. pigs, $7.75@ 8.50 Cattle—Receipts, 450: calves, 350: action fair on light supply: odd lots steers. $8 8.25: bulk, $6@ art loa 740-1b. heifers. $8.25: good Veet A IS, $5.75@ 6.75: low cutters and cutters, [email protected]; top sausage bulls, $6. Sheep—Receipts. 1850, including 240 direct; market. steadv: good trucked in ewe and wether lambs. [email protected]: lito yas: mainly $2@3: choice lightweights to

FT. WAYNE, Dec. 3 (U. P.).—Hogs— Market, 25 cents higher: 140-160 lbs.. $8.70; 160-180 lbs., $8.60: 180-200 lbs.. $8.50: 200s ; 225- 350 lbs . $8.30; 250-275 . , $8.10: 300-350 Ibs.. £8: 120- 19 1bs.. $8. 0 100-120 lbs., £8.20; roughs, $7.25; stags, $6.25. Calves, $11.50. Lambs. $9. LAFAYETTE, Dec. (OU. P.).—Hogs— Market, 25@35¢ Der 140-180 Ibs.. $8.75 8.85: 180-225 lbs. [email protected]: 225-325 Ibs.. [email protected]: 100-140 1bs., [email protected]: Tousns. $7.50 d

own. Calves—$11, Lambs N. Y. Bonds By United Press BOND PRICES HIGHER 20 20 20 60 Indus. Rails Util. Bonds Yesterday ..... 81.5 "15 924.1 82.3 Week ago ..... 80.3 0.1 93.9 81.4 Month ago .... R48 ie 95.3 84.8 Year ago ..... 9.5 95.6 106.0 100.1 2 Years ago... 91.2 82.2 1029 92.1 1937 High 95.0 101.2 106.0 100.7 1937 Low . 80.1 69.3 92.3 R11 1936 High 94.8 100.4 106.2 100.2 1936 Low 90.0 84.7 1035 93.3

1935 High ..... 91.4 86.4 103.6 93.1 1935 Low ...... 83.6 51.0 89.3 83.0

ene

“neve

NEW YORK, Dec. 3 (U. P.)—Bonds opened higher, Net Canada, 3%45 cesses. sens gpres uba 28 45 ..ueeivncnenenes 64 Del & Hud 45 ...ovvsnvnnnens a J1 Cent 45 55 ..ovevensvnonss 49 Interlake Iron 4s ...

Ys Tide Water Assn Yyiis West Shore 4s

See Final Edition of the Times

for

Closing Stock Quotations ‘and Other Late News

"THE INDIANAPOLIS TIMES

NEW YORK STOCKS

By United Press

ws Be

Net High Low Last Change

POLAND ALEE LARD

Rad & Rol Bm St aici

. — 3 a a sb

o ®

29% 67

Am Woolen pl. Anaconda ..... Armr Del pf.. Armstrong CK. Atchison «.... Atl G&WI . Atl Refining .e Atlas Tack .... Aviation Corp.

FEEL LE EE 4 444

Aol 1 hl BE 0 op DOLD EDAD FARR

Bald Loco ct wi Bait & Ohio... Balt & Ono... Barnsaall 14 Bendix Avn ... Ben Jina Loan. 1142 Beth Steel .... Blaw-khnox ... 12's Boeing All .... 2 Bonn Al Br... 20% Bona Slores .. n Boraen Bagept Buaa Bulova WwW Burroughs Butler Bros ... §& Butte Cop .... 39 Byers A M.... 109s

—C

Calumet & H.. 9 canaaa Lry .. 127% campoell wy... 14's can Pacific ... 8'2 carpenter Stl.. 2%2 Case J I.. ...9% Leianese 1924 cerro ae Pasco. a Certain-teea .. champ Taper ve 24 24

He ame em ® a ®»

441440 44 ® eon

WH pa shoo

4414]

—

144 4+ TEESE

ni hrysies Clark Eq TEE Moly Co 8% colgate-P-r +... 10 Col & AIK .... 28% col Fuel a Iron 16's Col Broaacast A 19'2 column Gas ... 10 Com inv UT ... 40 Com Solvents .. 9 Commonw & So 2% cons dison .. 2 Cons Laundries. 45s Cons O1l 9% Con Textile .. Ya Consumersr'w of 852 Container ..... 13“ cont Can Cont-Dia F ... Cont Oil Del .

“ . .. > 5a

o0'2

corn frroa ... ig

Crane Co ...... Crown Cork ... Crown Zeller .. 3% Crucible St .... 3l'a Curt Pub pf ... qa curtiss=-Wr .... 3 curtiss-Wr A .. 13

— ans

HHI 14441] a - FENND ~

Deere & Co ... Del & Hud .... 1 D Lac & Dist Seag -. Dome Mines ... 5072 Douglas AIr ... 31): Dow Chem .... 85°

Du Pont ...es 13 113

East R Mill ... Eitingon Sch .. Elec Boat .... Elec ig & Lt 1 P

L $7 pf Eik- H & onl El ram Nat Gas

Eri Ev il Prod «...

Fair Morse . Fid Phen ... Flintkote ..-... Foster Wheel “a Freept-Surphur.

Gair Robt «... Gen Electric ... Gen Foods .... Gen G & EA .. Gen Motors Gen Pr Ink .... Gen Ry Sig ... Gillette S R ... Gillette S $5 pf Gimbel Bros .. Goodrich Goodrich pf .. Goodyear . Graham- Paige . Gran Sranty Un pi.. Grant WT new Gt North pf .. - Gu M&No pf .. 22

INVESTING CO.’S

Bid Ask Bid Ask 12.13 12 93/Invest. Bank Corps. 4.20 4.62; 1st Dos 13.33 i350 16.50 18. 25/Inv No Am Bus 8 16 Key c

Am Gen 3 13 Key Bkrs at 3 4 3. 25 Key Bas ey Bos F Inc 15.48 16. 56] Key Broad St 22.73 Bull Pd 13.38 EN 15.99 21.50) Mut In Cent Tr u v . Comnwith 3.27 3.50! Noinwa sec 3.28 3.38 Cp Tr Shs 2.20 .] va 13 1.43 ” AA 2.1 vee. |Natl Rv 5.06 ..| New Eng 12.18 13.10 IN. ¥. ks.

Crum Sor 2300 24.00] "B 23.00 26.00]

Cum Tr 4.57 ....

Noa

ge Mel

sidearm

POTN

4 i

REESE

263s 22

. . .

Adm Fd Affl Fa Amerex

Gen Cap 29.05 31.24 Std Util Gen Inv 4.52 4.92| State St Group Securities | Sup P eri 1.15 1. Ee gh nO 3. "DO 1.24|Sup AA .84. " BB

.81'Sup new

SE353E533323

L1y St Oil A 'B

1. my Ind 1.01/US L&P A 3 36 76] : Inc Invs 16.17 17.39] vt I 99 Instl. Securities Lid. {well Fd 13.25 14.60 Ins Grn 1.17 1.31]

Business Should

hal DD, 00 3

0 Hur C

Government about hard times. The clue to this is found in the report of a small Southern railroad —the Norfolk & Western. While most of its sister roads are having a hard time, this road has just declared an extra dividend of $6. Added to its regular dividends, this means that this road will have paid to its common stockholders this year 16 per cent. The president of the road, however, furnishes the clue to this. He says this was made possible by the sound principles on which the road was run. These sound principles include conservative capitalization, reduction of funded debt and the financing of improvements out of earnings instead of bonded indebtedness. A moment's reflection will reveal how impossible it is for so many roads to follow this example now. This is because their capitalization is so unsound, the debt is so staggering, that Vimy cannot possibly progress For so many of these roads there is only one way out and that is through bankruptcy. This way should have been embraced in 1929. But Mr. Hoover got the notion that the way to end the depression was to save debts and Mr. Roosevelt has followed the same policy on an even larger scale. There is not in view now a single field of activity for new construction and heavy equipment comparable to the railroads. There has

Rails to Clean House,

By JOHN T. FLYNN Times Special Writer NEW YORK, Dec. 3.—In addition to a concerted effort by business to hold prices down and make them lower as an aid to business, there is one other thing which businessmen may do, instead of ranting at the

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Yesterday .....cccenceesss 125.14 Week AZO ...cevencsssssss 118.26 Month AZO0 ....coosevesss 128.92 Year Ago 180.97 High, 1937, 191.40; low, 113.64. High, 1936, 181.90; low, 143.11. 20 RAILROADS 31.55 30.48 32.56 54.47 High, 1937. 64.46; Low, 29.15. High, 1936, 59.89: Low, 40.66. 20 UTILITIES

essresssssssenee

+3.03 4.62 0.08 -0.32

Yesterday Week AZO ..ccevcncnnnnnes Month AZO ...cccencesssese

22.50 22.23 21.65 35.15

Yesterday Week AZO ...ceocesannnncss Month ARO ..ccecovrnncnse Year Ago High, 1937, 37.51: low, 19. 65. High, 1936, 36.08: low, 28.63. 50 STOCKS vesewsee $2.49 40.5%

Yesterday Week AZO ...cevvesvsassce Month Ago 43.350 Year Ago evens G5308 High, 1937, 69.67: low, 38.87. High, 1936, 66.38; low, 51.20.

ws High Low . 93 93 50 50 472 47% lf

Inspiratn Cop . 13% Inter R T 3a Inter Iron .... 109 Int Business M 13174 Int Harvester .. 673s Int Hyd El A. 77s Int Mining .. 9% Int Nickel .... 43 Int P&P ...... 10% Int P&P pf ... 42% Int T&T . 3

sssssssrsneness

Net Last Change Ya

Howe Sound ..

| 44++++4+ +14

+ +

Kennecott ....

Leh V Coal pf. Leh Val RR .. Lehman Life Savers ... Lige & My B.. Lima Loco Loews Loft,

Lorillard Lou G&E A ... Lou & Nash .. 49% 49% Ludlum Stl ... 18'z 182

WHEAT PRICES GAIN AFTER EARLY DROP ::

Strength in Stock Market Refiects in Grain Pit.

CHICAGO, Dec. 3 (U. P.).—Stock market strength braced the wheat market today and prices resumed their upward trend on the Chicago Board of Trade after a temporary setback.

At the end of the first hour wheat was 3 to 13 cents higher, corn was 3; to 13; cents higher, and oats were 14 cent higher. The early upswing in prices attracted a volume of profit-taking but on the further advance of the stock market prices resumed their march to higher levels. Commission and export houses were principal buyers on the stock inspired lift. Wheat receipts were 11 cars. Corn prices reflected the advance in wheat price and buying in May corn by exporters gave further strength to the market. December buying was scattered. Corn receipts were 204 cars,

WAGON WHEAT

City grain elevators are paying for No. 2 red, 85c, other grades on their merits. 2 yellow, 4lc., Oats,

Ene corn, new No.

LOCAL ISSUES

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

BONDS Bid Asked

gu Jud Tel (TH) 4Vs 61.... Tel & Tel Ft W 52s 55.... i Tel & Tel Ft W 6s 43. 1 Ind Asso Tel 4'5s 65... Indiana Tel Co 5s 60. . Ind Railway Inc 5s 67. . .e Interstate Tel & Tel 5'as 53.. Indie Water Co 3's 66 100 okomo Water Works 5s 5%. ~ Mortis R100 Stores 5s 50.

Mun bo Noblesville HL &P Ohio Tel Serv 6s 47 Pub Tel 42s 9 Richmond W W 5s § . Seymour Water oF 5s 49. T H Trac & L 5s 44 . T H Water Works 5s 56. T H Water Works 6s 49 Trac Term Co 5s 57

Belt RR St Yds com

Ind Hydro Elec Indpls Gas Co com . *Indpls Pwr & Lt pfd 6% *Indpls Pwr & Lt pfd 62% Indpls Water Co pfd 5% Lincoln Natl Life Ins Co com. 21'z

oe 381 . 84%, 02

Smith Alsop P&V c¢ .- Terre Haute Elec Co oN aren 3 Union Title Co com......eeen Van Camp Milk Co pfd... Van Camp Milk Co com (By M. P. Crist & Co.)

Market St. Investing Corp..... 22.96 *Ex-dividend.

Put Pressure on

Flynn Says

building of railroad equipment. But in spite of the fact that the roads need the new equipment despérately, they cannot buy it. They cannot buy out of earnings because earnings are consumed now paying for dead horses. They cannot spend borrowed money for enlargements, replacements and new equipment because they have not got the credit. It is as sure as the morning that a great number of railroads will sooner or later have to go into fuil bankruptcy, which means the cancellation of huge volumes of stock and even bonds. It is of no use to picture the losses which investors will sustain. The loss has already been sustained. But by accepting the loss the roads can get the benefit of reorganization and the opportunity to expand and bring their equipment up to date. And this will benefit not only the railroads, but the great industries which supply the roads with equipment and materials. Up to now businessmen and railroad managers have persisted in believing that bankruptcy proceedings would ruin the railroads. Bankruptcy proceedings may indeed cause many people losses or rather force the realization of losses already suffered. But it will unmistakeably benefit the railroads. Instead of yowling at the Government the business world should put some

Net Last Change Mack Tr .. 22% + Macy R A Magma Maracaibo Ex.. Marine Mid ... Marshall Fld .. Martin Gl Masonite Cp.. McCrory

McIntyre Porc. McKeesport ... McK & Rous. Meivitle Sh. 4 Cop

ident Pet. .... lidland Stl ...

Motor Prod.... Mullins Mfg B. Murray

ee vase

} Acme .... Biscuit. ... Cash Reg.. Dairy ..... 15 Dept St... Distillers .. Gypsum ... Lead

Pwr & Lt . Nat Supply Pen Newport Pha « 197 Central .. &StL pf .. No Amer . No Amer pf ... No Pacific

Ohio Oil Oliver Farm Eq Otis Elev 26 Otis Ste 11 Owens a Glass

Pac Am Fel . P G & Pacific er nen Pacific Mills ... Packard .. Paramt Pict ... Para Pic 2 pf . PatinoMines new Penney Penn RR Peoples Gas ... Pet Corp Am ..

Purity Bak ..

Rao <v..veere Radio pf N , Radio-K-Reading . 22 Reading 1 pf . 2 d 14

o Mot . Republic Stl «». Reyn Spring ... Reyn Tob F eee Roan-Ante . 50 Richfield ou’; “se

Schenley. js . Seabd Air L ... a Seabd oil 222 Sears Roebuck.. 56 Servel T 15% Sharp & D .... 5 Shell Un oil .. 17% Simmen . 24 Socony- Vacuum" 152 Solvay In 3 «13 50 Am _Goid ... South Pac ... South Ry South Ry pf ... Sperry-Corp ... 1 Spiegel Inc ...

ee +

tT: SA ax

tte

HHH FE] +

. . . .

Sunshine Min .. Superior Oil «. Superior Stl ... Swift Intl Syming-Gould. . Sym-Gould xw.

munnnnnnm n 4

+++] +]

Texas Cor Tex Gulf Prod Tex G Sul . Thermoid

Transamerica Tri-Cont Truax Tra 20th Cent- Fox.

+1 HE +

Dhan Carb ... Un Pacific Un Ae Cp. Un Carbon .... ¢ United Corp .. United Cp pf.. United Drug .. Un El Coal ... United Fruit .. oa Gas Imp .. 1

4 Jo Md stl ® iby 11 |

Va-Car 6 pf ... 26

Walgreen ..... 20% Walworth ...... Warner Bros .. 5 Warren Br ... 4% Warren F&P .. 20% Wayne Pump .. 27 Wes Oil & « 29 West Pac pf ... West Union ... 27 West Air Bke . Westing El ....

Woolworth

- 38 Worthington .. 19% 19%

—¥ Yellow Tr ..... 107% 0%

Young S & W . 22 Young Sheet ... 39'2 39 ne

Zenith Rad

Curb Stocks

By United Press NEW YORK, Dec. 3 (U, P.).—Curb stocks opened firm. Net Open Change Am Sup Pow . 14 + Asso G & E A 1%

sees sggreen ae

LOCAL PRODUCE

The prices quoted are for quick mathered in the country. while for deliveries prices are 1 cent higher. Each case of eggs must weiRh 55 pounds g£ 2s s—No. 1 strictly y fresh. Rs "off. 24c. ickens—Heavy breed hens. 4'2 pounds and over, 17c: under 42 pounds. l4c: Legheavy springers, 12 pounds and over, 18c: Leghorn springers. 12 pounds and over, Me; ® bareback broilers, 15c; old roosters Ducks—White, 4% SOs and over. full feathered and fat, llc; colored ducks, 4%2 pounds and over, 9c: under 42 pounds. full feathered and fat. 8c: Indiana runner ducks, 5c. Geese. : Pounds and over, full feathered and fat. utter—No. 1, Butterfat—No. 1,

No. 37@

39%sc: 2, 26 No. 2, 33c.

37 vac. 35¢c;

FOREIGN EXCHANGE

NEW YORK, Dec. 3 (U. P.).—Noon toreign Exchange easy. Net

Change England (pound) - 99%, — Eng. (60-d. bill rate). ova Canada (dollar) France (franc) ..... Italy (lire) . Belgium (belga) .... Germany (mark) . Germany (travl mrk) Switzerland (franc). Holland (guilder) Spain (peseta) Sweden (krona) Norway (krone) Denmark (krone) . Australia (pound) ... Austria (shilling) . Czechoslovakia (kor.) Finland (markka) .. Greece (drachma) Jucosiavia & Goo a New .Zealan oun Poland (zlot 2 )

u Argentina (offl. pesq@

WASHINGTON, Dec. 3 (U. P.).—Government expenses and recei is or the current fiscal year through 1, compared with a year ago:

his Yea ast Year .$3.154.320,907 60 82. 398" 844, 201. 7 .. 2.319/947.980.06 1.649.525 4 ... '834,372/927.54 I 249.318. 882 a 31,21 303 20 108 062. 531 45 49 Pub. debt. 37.144, lo2 093.51 n .790.748.288.66 Gold Res. .12, 34. 2.606.19 11,186.402.402. Customs .. 4.826.865.10 180,491.846.53 Today > s Purch. Total Purch. Inactive Gold... $22, 178 10 $1,243,536,778.19

INBIANAROLIS CLEARING HOUSE

Expenses Rotoipts

i. | Wayne, were held for questioning by

DR. C. W. MAYO DESCRIBES NEW SURGICAL WORK

Western Association Will End Its Meeting Tomorrow.

Dr. Charles W. Mayo, son of one of the founders of Mayo Clinic at Rochester, Minn., spoke before surgeons of the West and Middle West meeting this morning in Hotel Severin. He discused “A New Method of Repair of Complete Rectal Prolapse.” Others who are to speak during the two-day Western Surgical As-

Unnerved

sociation convention which ends to- | morrow are Dr. E. Martin Larson, | Great Falls, Mont.; Dr. Angus L.| Cameron, Minot, N. D.; Dr. Louis Rassieur, St. Louis; Dr. Charles B |

Puestow, Chicago; Dr. Russell Best, | Omaha, Neb.; Dr. John Alexander, Ann Arbor, Mich.; Dr. Casper F. Hegner, Denver, Colo.; Dr. William A. Taylor, Ellensburg, Wash.; Dr. Fred F. Attix, Lewiston, Mont.; Dr. Stuart W. Harrington, Rochester, Minn., and Dr. Carl E. Back, Jacksonville, Ill. Dr. Fred W. Bailey, St. Louis, association president, is to speak tomorrow. Dr. Willis D. Gatch, Indiana University School of Medicine dean, is in charge of arrangements. Preconvention clinics were held yesterday in the Indiana University Medical Center hospitals.

WABASH BREEDER HONORED AT SHOW

INTERNATIONAL AMPITHEATER, CHICAGO, Dec. 3 (U. P.).— Two hundred and eighty-one steers, carefully groomed and pampered for many months by the nation’s outstanding young farmers, went on the auction block today as the 38th annual International Livestock Show neared completion.

Presentation of the King Albert cup to “Loewenstein,” grand champion Belgian horse of the show, and the decoration of three Belgian Breeding Society directors by King Leopold of Belgium featured the exposition program late yesterday. “Loewenstein,” owned by Michigan State College of East Lansing, Mich., was a surprise winner, Count Robert van der Straten Ponthoz, Belgian Ambassador to the United States, conferred the awards on the leading Belgian breeders. J. D. Conner, 84, Wabash, Ind., sec-retary-manager of the breeders’ organization since it was organized 50 years ago, was made a knight in the Order of Leopold. Donald Mosher, Dekalb, Ill., kept the best record of his livestock costs and income during the year to win the junior livestock feeding record contest today. He received $10 in recognition of his bookkeeping. Other winners included Leo Housemann, Crown Point, Ind, and Edward Klinker, Lafayette, Ind.

PROBE REPRISAL IN THEATER BOMBING

Chicago Police Seek Motives In Ft. Wayne Killing.

FT. WAYNE, Dec. 3 (U. P).— Chicago officials who came here yesterday to investigate a possible reprisal reported against Charles O. Smith, 39, Ft. Wayne, one of three men held for investigation in a Brooklyn, N. Y. theater bombing

last February, indicated today that little was gained from the investigation. Lieut. ¥. J. Mulhausen, one of the three district police chiefs under the Cook County, Illinois, Sheriff, came here in hopes of more definitely establishing a motive behind the slaying of Fred C. Blacker, 40, Kokomo Motion Picture Operators Union official. Blacker, with Charles Smith and Leo K. (Izz') Smith, 40, both of Ft.

New York authorities last spring following their indictment on charges of throwing bombs in a theater. “ Blacker was slain in suburban Chicago early Thanksgiving Day. Leo K. Smith is being held in New York pending trial for his part in the bombings.

FORT CHAPLAIN MADE LIEUTENANT COLONEL

Orders from the War Department in Washington, D. C., were received yesterday at Ft. Benjamin Harrison, promoting Chaplain John Hall from major to lieutenant colonel. Chaplain Hall after an assignment with the 50th Infantry in Camp Greene, N. C., served three years with the army of occupation in Germany. He returned to the United States in May, 1922, and has since served at a number of posts, including Camp Meade, Md.; Ft. Wayne, Detroit; Ft. McPherson, Ga.; Ft. Hayes, Columbus, O., and Schofield Barracks, Hawaii. He also served for three years at Waltar Reed Hospital.

ROYAL COUPLE GO ON SECRET HONEYMOON

VIENNA, Dec. 3 (U, P.).—The Prince and Princess Ernst Rudiger von Starhemberg began a secref honeymoon near Vienna today. Prominent members of the once militant but now officially inactive Heimwehr organization, of which Prince Starhemberg was the leader, welcomed the marriage of the Prince and the celebrated actress, Nora Gregor, as likely to revive. Prince Starhemberg’s political prestige. The ceremony was performed yesterday. The newspaper Tagblatt reported that the couple would remain at Prince Starhemberg’s Vienna palace two days and would then proceed to one of the Prince's hunting

Ten weewe. $3,450, 000 ag 000 |

lodges in upper Austria. After that Switzerland.

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Mary McCormio

NO MONEY, NO SONG, IS RULING

Lyric Soprano Nonchalant As Manager Hints Suit Against Music Club.

CHICO, Cal., Dec. 3 (U. F.).—No money—no music, Mary McCormic's manager shrieked, and no music— no songs, so they could tell the 1000 people in the audience to go home because the contract clearly said: “I must have the money in my hand 30 minutes before we start to play.” The audience filed out and Miss McCormic, the lyric soprano opera star, stood nonchalantly backstage taking her breathing exercises, while Bohumir Kryl, famed cornetist and manager of the company

gathered up his 43 musicians and led them away. Mr. Kryl announced with great dignity that he would sue the Chico Music Club for $1500, which his contract to play provided. The props were ready to haul up the curtain and the 1000 people were seated easily in the auditorium when Mrs. J. C. Chiappella, music club president, came back with the sad news that she had only $450. ‘No Money in My Hand’ Mr. Kryl demanded $750 and a percentage of the box office receipts. While they argued, Miss McCormic stood aside to resume her breathing. “Never,” he said, “in 41 years on the concert stage has such a thing happened to me, Look at 43 men to pay. And Miss McCormic. Impossible! More like this and we shall go back to New York broke. “She told the audience I would not play. I would not play. . . . of all things. I would play, but my contract says I must have the money in my hand. There was no money in my hand at all.” “Mr. Kryl had a contract,” Miss McCormic shrugged. “I am soloist and paid a salary. ‘It was most annoying. I was in excellent voice. It’s really unnerving in a way. One is keyed, you know. One is prepared.”

SALE OF BEECH GROVE BUS LINE ANNOUNGED

Strike to Be Terminated, Mayor Says.

Sale of the Indianapolis Motor Inns, Inc, Beech Grove bus line operators, to Lee R. Beaman, 2748 N. Pennsylvania, St.,, who recently organized the Beech Grove Transit Co., was announced today. Schedules on the Beech Grove line to Indianapolis have been disrupted by strikes of drivers. Charles Adams, Beech Grove mayor, said with completion of the sale of the line, bus drivers had agreed to end their strike which has been in progress for two months, The new transit company has asked the Indiana Public Service Commission for permission to purchase the Motor Inns, Inc. equipment. Service will not be resumed until the transaction is completed.

TRAMPLED IN WAIT FOR NO. 1 AUTO TAG

WICHITA, Kas., Dec. 3 (U. P.).— J. B. Case wanted a low number 1938 license tax for his motor car. He waited in line for hours and when the County Treasurer's office opened, he collapsed and was trampled by the mob which stampaded through the door. The No. 1 tags for Sedgwick County went to Dale Garst who stood outside the Treasurer's office all night in freezing weather.

TWO GET RACKET TERMS

NEW YORK, Dec. 3 (U. P.).—Max Silverman, alleged backer of $1,000,-000-a-year bakery racket, and his son, Harold, were each sentenced to a year’s imprisonment today after a Brooklyn Supreme Court jury found them guilty of conspiring to prevent the father’s arrest on a two-year-old indictment. The elder Silverman also was fined $500. His son-in-law, Edward Braff, tried on the same charge, was acquitted.

NEEDS A SAFE DEPOSIT BOX/

FRIDAY, DEC. 3, 1937

684 PASS TESTS FOR JOBS UNDER MERIT SYSTEM

Managers and Interviewers For Employment Offices To Be Selected.

A total of 684 persons out of 1543 attempting to qualify for appointments through the Indiana State Employment Service succeeded in passing the four examinations for a rating on merit lists, Martin F, Care penter, State Director, said today, Mr. Carpenter said that the Indiana State Employment Service, which now has 21 operating offices, would expand until it had 43 offices before the start of unemployment compensation benefit payments, April 1, 1938. He said appointment of managers and interviewers could be made only from the United States Employment Service merit lists and that clerks and stenographers would be hired only from the merit lists established by the Indiana Bureau of Personnel. The four factors considered in grading applicants were: he amount and type of their work experience, 30 per cent; the amount and type of their education, 20 per cent; their grade on the written examination, 20 per cent, and the grade granted by the oral interview= ing board, 30 per cent.

220 ‘Placed Here

Placing 220 unemployed persons in private industry durihg the week ending Nov. 27, the Indianapolis office of the Employment Service led all other districts in Indiana,

One hundred forty-one men and 79 women were placed in jobs, according to George J. Smith, Indian apolis district manager. Of the number, 159 were regular place= ments and 61 were temporary. Nine others were placed in Government positions. During November the local office made 699 placements, of which 331 were men and 368 women,

CROP AID ASKED BY LA GUARDIA

Hint of Presidential Boom For 1940 Found in Dinner Talk.

NEW YORK, Dec. 3 (U. P).— Political circles weighed the Presidential aspirations of Mayor F. H. La Guardia today in the light of his espousal of a vigorous farm relief problem and recurring reports that he may be boomed for President or Vice President on a farmer-labor ticket in 1940. Speaking extemporaneously last night at a symposium-dinner of the Survey Associates, the re-elected mayor of the nation's largest city protested that the farmer has been getting a “raw deal” and that he must be protected if national economic security is to be mainetained. His speech was given wide inter= pretation here to signify his willing= ness to cope with national problems and to give notice that mention of his name as Presidential or Vice Presidential timber three years hence was more than mere specula= tion. Seated at the speakers’ platform was William Allen White, Kansas editor who recently advanced the Mayor as the “white hope? of the Republican Party in Mayor La Guardia, nominally a Republican, now is registered under the American Labor Party. He was re-elected in a smashing defeat of Tammany Hall on a Fusion ticket comprising Republican, Democratic and independent political elements,

INDIANA'S CUSTOMS COLLECTING GAIN

Records of Indiana's Customs Caj= lector show an increase of $1,024 .- 921.20 in foreign products imported into Indiana so far this fiscal year over the amount reported for the first five months of the previous fis« cal year, The fiscal year began July 1, : The total to date is $4,325,89622 as compared with $3,300,97503 collected up to December, 1936, Wray Fleming, District Collectgr, announced. Merchandise cleared in November through the customs offices herg and in Lawrenceburg and Evanse ville showed an increase of $13 « 472.28 over November, 1936, he sald,

HOUSE 105 YEARS OLD

SPRINGFIELD, Ill, Dec. 3 (J, P.) —The great-great-granddaughter of the builder of the oldest frame house in Bureau County still lives in the structure, which has stood for 105 years. Believed to be the oldest house in western Illinois, the building was erected in 1832. Mrs, Mert Bill is the present occupant,

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