Indianapolis Times, Indianapolis, Marion County, 4 December 1937 — Page 8

PAGE

STOCKS ADVANCE

IN LIGHT

BOND ISSUES GAIN

Averages Move Above Closing Levels Last Week.

NEW YORK, Dec. 4 (U. P.).—Stocks advanced for the third consecutive session today, carrying the averages well above the levels of a week ago. Volume continued light. Domestic bond issues were higher as U. S. Government liens advanced. Gains in leading issues were moderate. Building issues recorded increases ranging to more than 2 points and some higher priced shares in other categories made substantial rallies because of thin markets. A leveling off in the steel rate after 11 weeks of decline was indicated. A large independent producer in the Pittsburgh area stepped up its rate several points. Small declines were noted at Youngstown and at Birmingham. Aside from steel, there was little new. Some shorts covered to be out of the market over the week end. A moderate amount of long buying was noted, with rails receiving fair attention. Utilities firmed.

DOW-JONES STOCK AVERAGES 30 wast -0.%4 +2.41 +5.45 | —3.67 -+0.08

Yesterday Week ago ...... Month ago ... Year ago High, 1937, 194.40; low, 113.64, High, 1936, 184.90; low. 143.11, 20 RAILROADS TORY 32.62 Yesterday ...ovceesssancannns & Week ag0 ...convenns Month ago Year ago High, 1937, High, 1936,

4-0.2% + 0.60 +1.28 —0.89 +0.09 | 64.46; low, 79.15. 59.89; low. 40.66, 20 UTILITIES «0.10 £0.01 0.73

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

87.54; low, 19.65. 36.08; low, 28.63. 70 STOCKS 0.10

VOLUME;

N. Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 Inds. Rails Utils. 73.4 94.2 2.9 94.3 1 94.2, 3.8 95.4 99.8 106.0 83.0 103.0 101.2 106.0 69.3 92.3 100.4 106.2 84.7 1035 86.4 103.6 93.1 , 10 89.3 83.0 1937, Standard Statistics Co.)

60 Bonds 83.3 83.1 82.1 84.4 100.2 92.3 100.7 81.1 100.2 93.3

Yesterday Week Ago ..... | Month Ago .... Year Ago Two Years Ago 91.0 1937 High .... 95.0 193% 1936 High ..... 94.8 1936 Low ..... 90.0 1935 High ..... 91.4 1935 Low (Copyright,

Bond transactions approximated $4,880,000 compared with $5,097,000 last Saturday.

84.1

GOVERNMENT BONDS Treasury Bonds

High 306. 1

U. 8.

Close 106.19

Low 33s 1943-41 Mar ... 06.19 33gs 1947-43 “a | aes 1945-43 .......u0. 1047-45 .... 3 ‘1048-46 oN [314s 1949-46 . 4s 1952-47 23s 1951-48 3lss 1952-49 2'2s 1953-49 3 1955-51 78S 1360. 55

100.12 Federal Farm Mortgage Bonds 3s 1947-42 103.20 103.20 234s 1947-42 102.9 102.9 Home Owners Loan Bonds | 234s 1949-39 24s 1944-42 3s 1952-44

103.20 102.9

101.6 100.24

102.26 102.26

U. S. Treasury Notes

Bid 10: 27

fk viel mn: 2

February 198 ey % ‘v

September 1938 2!27%.. December 1938 147% .. 1 March 1939 1'2% June 1939 2% 7% September 1939 13g December 1939 133% | March 1940 15% | June 1940 1157, December 1940 1'27% .. March 1941 1'2%, . June 1941 133°; December 1941 11% % March 1942 134% ..... September 1942 27,

| Federal Land Bank Bonds Ask Yield 10155 2.76

oL

| 3s July 1955-45 3s January 1956-46 3s May 1956-46 314s May 4s July 4s May 1958-38 .. ....101% | 4Yas November 1958-38 ..103's | DOMESTIC BONDS

Low Close % 63

| Abitibi 5s 53

+0. 13 |

At TSF cv 4'%2s 48

0.70 | At TSF gen 4s 95 Na

+1.74

oe 08 | . 69.67; High, 1936, 66.38:

low. 38.87. Tow. 51.20.

Week's Business At a Glance

ADVERTISING—Advertising Age: Week Nov. 20 retail advertising placed in newspapers of 80 major cities, 24,110,098 lines vs. 23,240,057 previous week and 24,992,611 year | ago; year to: date 943,371,927 ws. 911,406,838 year ago. AUTOMOBILES — Ward's Automotive Reports: Production this week, 86,173 units vs. 58955 last week and 101,660 year ago. BANKING — Federal Reserve: Gold stock 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 vs. 80.3 vear ago. Dun & Bradstreet: Week ended Dec. 1 bank clearings $4,604,-

Atl Coast L 4s 52 B&O ref 6s C 95 B&O ref 5s D 2000..... | B&O 4l2s 60 \ Beth Stl 44s 60

wa sy] | Bu R&P con 4l2s 57 ..

Can Pac deb rs eb. Cent 111 El 55 51 ... Cen Pac 5s 60 . Ches & O 3lps ¢ Ch&QO 3's 96 E Chi Bur Qu 5s hl East Ill 5s !

4s. BD... ShMSTPEY 5s 2000 .... C NW 434s 49 Chi NW 4s 2h RI ref 4s 3dct Chi W Ind 4%s 63 Childs Co Bs 43 Cin Un T 3's nn. | CCOStL 4!>s E 77 .... Clev Un Ter 5s 73..... Clev. U Ter 4'%s 7..... 93 Col Sou 4'5s 80 ....... Cons Oil 3%2s 51 ...... 96 Cons Edis 32s 56...... Cons Edis 3%s 46 04 Cons Pw 3'%s 70 Container Cor 6s 46..

Erie ref 5s 75 Erie ref 5s 67 FairbanksM FlorECoas 5s GenM Ac 3 GenStlCas Seis 49 Goodrich

3 4 ven HudMan ref 5s wt THiBell Tel 312s .

181,000. vs. $5.283,273,000 previous week and $6,154,592.000 year ago. COAL—National Coal Association: Week Nov. 27, bituminous output,

7,300,000 net tons vs. 9,825,000 year |

ago. CONSTRUCTION — Engineering | News-Record: Week Nov. 30 awards $41,680,000 vs. $74.328,000 year ago, November awards $165581,000 vs, $187,001.000 in October and $162,743,000 year ago, ELECTRICITY —Edison Electric Institute: Week Nov. 27 output 2,065,378.00 kwh vs. 2.224;213,000 previous week and 2,196,175,000 year ago. FATLURES—Dun & Bradstreet: Week of Nov. 25, 184 vs. 206 previous week and 129 year ago. INDEXES—Dun & Bradstreet: Week ended Dec. 1 business activity 763 per cent of estimated normal, low since April 1, 1936, vs. 77.7 per cent previous week and 1018 year ago; food index week Nov. 30 up 1 cent to $2.69 vs. $290 year ago. Moody's: Week Nov. 27 business activity 79.8 per cent of 1928 average, low since March 21, 1936, vs. 82.1 previous week and 107.3 year ago. LUMBER National Lumber Manufacturers’ Association: Week Nov. 20 production of 543 mills 181,580,000 feet vs. 186,618,000 feet by 566 mills previous week; shipments 149,057,000 vs. 151,610,000; booked orders 141,187,000 vs. 147,026,000. METALS — American Bureau of Metal Statisics: October world zinc output 162,322 tons vs.

months 1,530,680 vs. 1,202. 127 ago; U. S. October output 52,645 vs. 50,027 in September, 10 months |

488,752; October world refined lead | h

output 164,659 tons vs. 159,032 in September; first 10 months 1,553,040; U. S. October output 45,112 vs. 37989 in September; 10 months 407,093. OIL—American Petroleum Institute: Week Nov. 27 crude output

averaged 3425800 barrels daily vs. |: gasoline | M

3,518,550 previous week; stocks 68,544,000 vs. 67.661,000. RAILROADS—Association American Railroads: Week Nov. 27 car-

loadings 558,627, low since Jan. 4, | wm 1936, vs. 647.251 previous week and M

680,299 year ago. REFRIGERATORS National Electrical Manufacturers Association: October world sale household refrigerators 72.490 units valued at $6,422,839 vs. 53,191 units or $4,209.133 year ago; 10 months 2,189,102 units or $185094410 vs. 1.863474 units or $149,504,138 year ago. STEEL—American Iron & Steel Institute: Production this week scheduled at 29.6 per cent of capacity, low since Dec. 3, 1934 vs. 31 last week and 75.9 year ago. United Press estimate: Steel ingot output this week 389,000 gross tons vs, 408, 000 last week and 1,004,000 year ago. TRADE—Dun & Bradstreet: Retail this week-1 to 4 per cent over last week and 3 to 12 per cent over year ago; Wiiblesnie 3 to 10 per cent over year ag OD 1997, by United Press)

151 357 in |

year

& 410s | LehVRR 4 5003 {Lou Ark Rv 3s 69 .... 33% LOu&N 3%s 2003 ..

N 5 Cent ref 5s 2013 . 7 N Y Cent 4's 2013 ... N Y Cen 45s 2013 n .. N Y Cen 3%s 46 NYCStL 42s C T8

Nor Pacific 3s Ohio Edisn 4s 65 Pac Gas & El 4s Penn Co 4s 63 Pa P&L 4'55 81 Penn R R 3%s 70 SS Penn R R gn Serax 65 ..10¢ Penn R R Hy D 81 .. :

Philipaine R 4s 37 .... Port G X 45s 60 ver 3 Postal T & C 5s ul “ee Reading 415s A 97 Rem Rd 44s 56 ve Rep Stl C 45s 50 .. Seab Air Lin 6s 45 . Shell Un O 3 Soc Vac So Pacific 4lss 81 So Pacific 45s 68 .... So Pacif col 4s 49 Sou Rwy 615s 56 So Rwy 6s A 56

Studbk fs 4¢ “ Tex & Pac 5s B 77 ... Third Av adi 5s 60 .. Tn Pac 1st 4s 47 | TThited Drug 5s 53 TT S§ Rubber >s 47

6% L112% ne ~ 103 105 #815 877% FOREIGN BONDS

| Wa hy

| Argent 4158 71 Brazil 6'5s 26-57 51 45

Japan, 5las 65 Peru 6s 60

Prev. close 7 83

oo. .

237292}

a PANN -IF 0930 7-1 =532287 ¢ DT 00D

NEW "YORK COTTONSEED OTL, ou Close 7.20 718 7.18 2

Terese nnn v 7.

December March . March July

High Low Close

November ...... 34% 341 841% 843% BEGGS

High Low Close JA8% 177% 18%

FOTN EXCHANGE

NEW YORK, Dec. 4 (U. Py —Opening foreign exchange irregularly higher.

Cale Rates om

November

England (pound) Eng. (60-d. bill rate)

Switzerland Holland f(ruilder) in (peseta) ....

(yen)

Teta

THE INDIANAPOLIS TIMES

i

High 37 9%

Net Close Change Abbott Lab .... Ug Adams Exp ... Adv Rumley .... Air Reduc eAir-Way Bl

poe La

aa ad

TH+ +

.

a a

A p Am Chain & C.. Am Com Alc..., Am Crys Sug.. Am Enc Til .... Am Pwr... A & F Pr $6 pf A&FPrs$Tp A & E Pwr 2 ot

THE EI DHE

PEL HL

Roll Mill 3 R M cv ph

Smelt Stl Fdies. . Stores .....

Atl Refining Atlas Corp .... Austin Nich ... Aviation Corp .

Bald Loco ct wi Balt & Ohio Balt & O pf Barber Co .... Barker Bros Barnsdall

Ben Ind Loan . Best & Co .... Beth Steel .... Beth Steel 7 pf ¢ Beth Steel 5 pf 15 Bigelow San Black & Decker 5 Blaw-Kn 1 Boeing Ah aie Bohn Al Br ... Pond Stores ... Borden Borg-Warner Bower R B .... Bdgept Brass “ Briggs Mfg ....

Bucyrus-Erie .. Bucyrus E 7 pf. Budd Mfg 5 Budd Wheel .... Bullard 2 Bulova W y Burlington M. Burrough Bush Term . Butler Bros ptf.. Butte Con Byers A M Byron Jackson. .

Cal] Packing ... Callahan Zinc .. Calumet & H... Campbell Wy... Canada Dry.... Can Pacific Case J I..... Caterpillar T.. Celanese Celotex ... Cent Foundry. Cent Viol Sug. . Cerro de Pasco. Certain-teed ...

P. EMSA pf . Ch & Nw Ry .. Chi Pneu T ... Chi R1I&P ... ChiRI&P 7 pf .. Chrysler .

Col Broadcast A ColBroadcastB.. Colum Gas .... Col Carbon .... T4 Com Credit .... Com Inc Tr ... 45 Com Solvents .. Commonw Commnw & So ot Cong-Nairn .... Cong Cig Cons cons Cons Cons Cons Cons Cons_Oil Gon Textile “ Cons Coal vte . Container Cont Bak A Cont Bak B_ ... Cont Bak pf .. Cont Can weve 42 Cont-Dia F

FE FEV EERE)

{ - gl » Ew

pe

wad oF gd BND EAE

FEE] #]

oo

Crane Co .. Crane Co cv “pf. Crosley Rad ... 4 Crown_Cork 33% Crwn Crk cunt 33 “ Crown Zeller .. 12% Crucible St .... 33 Cuba Co Cub-Am_ Sug .. Curtiss-Wr .. 6 Curtiss-Wr A Cutler-Ham g

. ROW, 4

.

+R FEE ED

Davega cu dey

ME a

Bast R East Kodak Eitingon Sch .. Elec Auto-L ...

Mill ... 62 «+. 16032 4% 20's 4 14 . 44% 47% . 27% vo 19% S a al Eng PS 5pf... 50 Eauit Bldg “a Erle .s

pf Burexa Pas

Fair Morse

Firestone T ... First N Strs ... Flintkote 1 Follansbee Food Mach ... Foster Wheel .. Francisco Sug ais Freept Sulphut. 223% Ge Gabriel A 2 Gair Robt .... 3% ood Ing.

HELL 4

+

CHIEF

Gt North pf ... Gt Nor Ore ... yt West Sug. . sreen H a - srevhoun

Transactions approximated 570,000 shares compared with 1,140,000 shares last Saturday. Curb transactions approximated 112,000 shares compared with 186,000 shares last Saturday.

Net Close Change Hall Print 3

Harb-Walk

. Ya Hecker Prod ve : 1 G We.

Homestake Houd-Her . Houd-Her B ... Househd F pf .. Houston Oil Howe Sound Hudson Motor .

Hupp Motor ... 13

Ill Central » 115%

Inspiratn Cop Insshs cts Md Inter Rub Inter Iron Int Ag pr pf .. Int Busi Int Harvester Int Hyd EI Int Int T Int Int Int P & Int Int Int T & eels Intst DS .....

Johns-Man .... 85'2 i Kalamazoo Stv. 18 Kayser Jul . 132 Kelsey Hayes B 57 Kennecott Keystone Stl Kresge SS ~ Kroger G&B ..

823%

18 1312

Leh P Cem .... Leh V Coal ..

Lorillard Lou G&E A .. Lou & Nash.... 51 Ludlum Stl ....

Madison Sa G . agma “a Maracaibo. Ex .

Medal Corp ... McCrory McGraw Hl ev McGraw .. McIntyre pT . 3 McKeesport, ‘oe McKess & Robb “8% McKes & Rob bi 3, McLellan St .. )

| Melville Sh .

Mengel Miami Cop . Midcnt Pet . Midland Stl

Mission Corp .. Mo-K Tex .... Mo-K Tex of .. Mo Pacific .... Mohawk Cp

Mueller Br .... Mullins Mig B . Murray cen Myers & Br ...

»

Nash-Kelv , Acme Aviation

~~ @

lop oy

= =

4 o

a3 ND DITO LIT MOLI 08 NEO ~T10000 hI wt pd NA of”

INN

Newport md ... 15% N Y Air Brk .. 37'% N Y Central .. 203% NYC&StL pf .. 40% NYC Omnibus . 24% NY NH & H

No Pacific

Ohio Oil

Oliver Farm Eq :

{ Omnibus

Oppen ‘Coll .... Otis Elev Otis Steel OQutbrd Marine Owens Ill Glass

Pac G & Bl ... 2 Pacific Ltg . Pacific Mills .. Pac Wes on . Packard .. “> Paraffine Co .. Paramt Pict .. Para Pict 2 pf Park Utah .... Parke Davis 3 Parker Rust Pri Pathe Film .... Patino Mines... Peerless

Peoples Gas Pet Corp Am .. Pfeiffer-Brew Phelps Dodge . Phila Co 6 pf Phila Read C I Phil Morris . Phillips Pet ... Pitts Sc&B .... Pitts Stl ... Pitts Term Coal Pitts United .

the ICC their case for higher rates.

of everything the railroads haul. The following startling fact about the condition of the railroads is well to keep in mind: This week the combined price of thirty railroad stocks is lower than it has been at any time since the great crash of 1929. Beginning with the general rise of shares, raiiroad shares went up in price

11, | steadily since the beginning of the

| Roosevelt Administration in 1933 until April of this year. Since | dat time prices have declined un[til now all the gains of the Roose- | velt Administration have been wiped out. What is more, this is not in the same class with the decline in certain industrial stocks which have been carried down by the general market decline in the last month or s0. The railroad shares have supplied their own weakness. They began to decline four mouths before other shares did. These prices are a dramatic revelation of the opinion held by the investing and speculating public of the financial condition of the railroads. Therefore there cannot be any possible doubt about the low estate of the roads. There cannot he any possible doubt that something must

be done about them. Now, of course, every business executive leaps at once to the con-

FINAL NEW YORK STOCK QUOTATIONS

Bv United Press

Net Close Change

18% 11% 3

High Diymolith oil .. 18% Poor B ws HY Port Ric- Am’ A. Press Stl Car.. Proctor & G... Public Serv .... Pullman ...... pure Of ov.

Pure O Purity Bak ....

3 10% 46 36% 33%

9% 45% 36

5 8'%2

Quaker St Oil.. 14%

Radio Radio pf N.. Radio-K-Or a Reliable-Stores. . 10% Rem-Rand . 24

Sea

Reo Mo Republi St] . i Republic = pf TT

I+1+1 +11 CREE

Reyn Spring... Reyn Tob B.... 43 Ritter Dent .... Ruberoid

— pa Ca

St L-S Fran pf Savage Ar Schenley Schulte R ..... Sehulte pf’ Seab'd Air Seab'a Air L bos Ts Seab'd Oil 3

Socony-Vacuum So Am Gold ... Se Por R Sug. 1_Ed 2

FEF HF FL +4

Spear & Co ... Sperry-Corp ... Spicer Mfg .... Spiegel Inc .... Ee "e's

PEEE+ Fsbo ++0 00)

Fi

INVESTING CO.’S

Bid Ask Bid As 12 38 19) 2 Invest. Bank Corps. 6 Banc Bl 5.88 5.58

Adm Fd Affi Fd 18. BH 20; 00] 1st Bos 12.25 .78! _ Schoe

Bos Fd Broad St Bull Fd Cent Tr Comnwlth Contl Shrs 6.50 Cp Tr Shs 2.26 » AA 2.17

BALD O BRAN IN OBA DD I Bena RE5E883na

D-IND

1.24 134 17.31 18. 59)

26.29 | No 52.8 28. 40 19.81 No Am 1953 2.12 n »

Shrs H

Div Eat & Equity Fidelity

ME. Sdntitatntad cr NOS HNOO ‘LP BmD

3.80 16.31 17. 4.74 5.25/Sel me 4.31 Sov Gen Cap 29.57 3 80 Eu Tk Gen Inv 4.63 5.04 St Group Securities | 1.18 1.23

1.44 198 Sup AA 85 BB 33 un new 9: Tr St In C 1. 8 'D In gonad]

1.3 Tr Ind 02! US, IXP A 3: Ed

Sup

8 Cp 2.08 Tne Invs 16.45 17.69 vig 1.00 Instl, Nesurities Ltd. well Fd 13.43 14.79 Bk Grp 1.28!

Ins Grp i 18 1.33!

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The following 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

id Asked ge Ind Tel AR $s 3. “ 103 10 105 106% Ind Asso Tel 4% 105% Indiana Tel Co 8s 60 100

Indpls Water Co 35s 66 Kokomo Water Works 5s 58. Mortis 5&10c Stores 5s 50 ... uncie Water Works 5s 65 .. Nonlesville HL & P 6%s 47..100 Oo Tel Serv 5! 9! Pub Tel 4'2s 5 Richmond W w Ss 5% Sevmour Water Co 5s 49 T H Trac s 44 T H Water Works 5s 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 Pi 7% t

*TIn pls Pwr & *Indpls Pwr & Lt pfd 612% “ | 84% Indpls Water Co ptd 5%..... 2 Lincoln Natl Life Tins Co com. P R Mallory com N Ind Pub Serv Co pfd 5% b%.. N Ind Pub Serv pfd 6% N Ind Pub Serv a 1% Pub Serv of Ind Pub Serv of Ind 3%

fd. uae. 52 Van Camp Milk Co com 10 (By M. P. Crist & Co.)

rate increase on all but five commodities which they handle. : | the request is justified or not, the fact remains that a 15 per cent increase—even a 10 per cent increase—will add a gigantic sum to the cost

2

Market St. Investing Corp ... 23.3¢ *Ex-dividend.

Outworn Capitol Structure Is Railroad Problem, Flynn Says

By JOHN T. FLYNN

Times Special Writer NEW YORK, Dec. 4—The railroads choose this moment to offer to

They want, generally, a 15 per cent Whether

clusion that if his enterprise is softening the way to stiffen it and return it to health is to increase its prices. That will do the job provided business keeps up under the higher prices. But higher prices sometimes kill off business and leave the enterprise worse than in the beginning. But also there is another consideration. The railroad problem cannot be considered a vacuum. It is part of the general problem. Rates must come out of the general purchasing power of the nation. And the fact that at this moment that purchasing power is diminishing rapidly cannot be ignored. One great item of freight is coal. The soft coal industry is sick to death. One of the things that has been killing it is railroad rates. Railroad men say the roads cannot haul for less. Perhaps not, but it is still true that the rates make coai competition with other fuels impossible, Is there not some other way? Is not the railroad problem all tied up with the capitalization of the railroads? Perhaps some rate adjust ments here and there are necessary. But what can anyone do for the roads while their credit is impaired by their outworn capital structures? deeper than

Is not the problem

MARKETS AT A GLANCE

Stocks higher in light trading.

Bonds higher and moderately active; U. S. Government issues higher. Curb stocks irregularly higher.

Foreign exchange steady in relation to dollar. Cotton futures easy. Grains in Chicago—Wheat off 5 to up % cent; corn up % to 5% cent, : Rubber futures slightly firmer. Silver in London at 19 7-16 pence a fine ounce, off %

penny.

Net Low Close Change 2% Va 15% 21 lg

High 234 — + Ja + 1la

Superior Oil .. puperior Stl .

wift & Co ... 17 wit Int] .. Syming Gould. Syming-G xw.

Talcott J pf... Tenn Corp .... Texas Corp . Tex Corp rots . Prod

Transamerica .. Trans West Air Tri Cont 20th Cent Fox. 20th Cent FP Mh Twin Coach

Und Ell ie “ Union B&P .. 10 ghion Carb Un Oil Cal . Un Tank 22 Un Aircraft Cp HL Air Lines... Un Carbon United Corp ... United Cp pf United Drug ... Un El Coal ....

WHEAT CLOSES UNCHANGED TO FRACTION OFF

Early Decline Attracts Resting Orders on Chicago Board.

CHICAGO, Dec. 4 (U. P.).—Activity in wheat futures was confined to a narrow range on the Chicago Board of Trade today. At the close wheat was unchanged to 4 cent lower, December 95 cents; corn was !s to %% cent higher, December 537s cents and oats were unchanged to 6 cent higher, December 314 cents,

of weaker cables but the decline attracted resting orders to buy and the support of cash houses. Export interests were said to be involved in some of the transactions. Pressure was light. Export business overnight was of small volume, including a few Manitobas and 100,000 bushels of Pacific Coast white wheat in addition to some United States wheat from the Gulf. Corn showed a firm trend after opening steady. Local traders pressed the market. Particular attention was paid to farm offers which are slackening because of the favorable feeding ratio. Bookings were moderate and carlot receipts were set at 161 cars. Liverpool closed sharply lower as Australian traders dumped their

CHICAGO GRAIN

RANGE

Low $ 04% 917% 85%

Prev. High Close close 5 95 95

92 86's

FEEL ++ H + TTT

gy £3 pa a DADE D ADE

1:24}

Vadsco Sales .. Vanadium ..

Wabash pf A .. Wal reen. Walker (

41% pf ww 43 H) oo $134 Walworth caeee 8% Warner Bros .. 8 Warren Br _... § Wes Oil & §... 30 Wes U& West West Yarn . West Air Bke... Westing El Westvaco Westvaco 5 pf.. Wheel Steel White Mot .... Willys Overld Wilson & Co Woolworth .... Worthington .. 9 Worthing cv pr 51% Worthing pr pf 40 Wrigley 621%

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

11% 2 22 . 41% 4 40% —an

Zenith Rad .... 18% 18% Zonite ........ IY 3's

cern

Chicage 3 Stocks

By United Press Low Close 37 317 5% 54

Masher pt. on Bendix Aviat ........ Berghoff Brew ..

Cent & Chain Belt Chicago Corp Chicago Cor: Chgo Flex Chgo Yel Cities Service Club Alum ven Comwith Edison Comp Ind Gas .

Cent Sta P&L »f. & SW Ut

= OY bt ot 00 DO RD] pk

pf cic raeRnane Decker & Cohn Gardner-Denver Gen Financ “ Gen Hshldt Ut Harnischfeger

— > —-— a a ®®

i RD =n

Hubbell Har Iron Fireman Jarvis vane Joslyn Mfg & Sup “ee Katz Drag wan ee Relloge 5S eve Ken-Rad Tube iy Ky Util cu pf ....cevnn Kerlyn Oil Cer R REY Kingsbury Le Roi Co Merch & Mfg A Mid West Corp - . Mid West pf WW .....0 Modine Mfg Monroe Chem Noblitt Sparks No'west Bancp . Perfect Se ee

Pict Paper 4% 41, 4 Pb § N TI ne ot 120 17-32 120% 120 17-32 12021-32 120 21-32 120 21-32 23 237%

Pub Sve N QUAKEr OALS vvevereenss oars 951% Sangamo El ver 241; 24 Schwitzer-Cu _......q0+ 13 Serrick Corp B wevinnen 7 So wind lath .. “oun 16 SWL&PDpf.. 7614 Stan Dredging 3 Stan Dred pf . 13 Swift & €o ... a 201, 18%

sens

CR

Trane Co ..... Walgreen Co . Zenith Radio

Curb Stocks

By United Press

Low

Humble Oil .... 6 Imp Sa... Iron Fireman .. 13 Jones & Lau Stl n_ Oil 1

5 “ 3804 “ 289% . 3 w Jd we 18% . 23% .. 25b Technicolor ... 19% Un Lt&Pwr A.. 3% Waco Aircraft... 2'z Wright Harg 5a

FOOD PRICES

CHICAGO, Dec. oF Michigan. McIntosh, ‘aa 3. ay Popli bushel hampers, 975@

90c. hel, Spinach Tiiinol S, 1, @ atoes—California, ower—Long Island, 1i fornia. hampers, . chiga square crates, 25 ynions S010. nt Lig Yellows Ine

IEEE IE HEE] LEE 4

697

A—ask; B—bid.

CASH ve Yiteat—No. 3 hard, 98%;c;

n= -No. 3 mixed, 53%ec: 50%c: No. vellow, 56¢: No. 3 vellow, 53'2¢; PANT No. 4 vellow, 51@53c; No. 5 vellow, 491.@50%c; No. 3 white, 5dc; No. 4 white, 52@ 5234c; sample, 47@ 50c Oats—No. 1 white, 33!zc: 0. 319% @32c; No. 4 white, 31% @32c; sample,

20@31%c. j Barlev—Feed, 42@60c: malting, 75@84c, Sov Beans—No. vellow, 93'2@94'zc, No. 3 vellow, 92'2@93c. Timothy Seed—$2.50@ 2.85, Clover Seed—Red, $27.50@ 52.50; 7.756 8.50. $8.75 bellies,

No. 4 mixed, No. 5 mixed,

white,

sweet,

nominal;

Cash Provisions—Lard, $12.37

loose. $8.75: leaf, $8.50: nominal.

LIVERPOOL WHEAT

Close $1.15'% 3. 195 1.13%

Low $1.15'% 1.13% 1.13%

Hig Dec. vv. $1.1614 March «.. 1.1412 May “eee 114s

WAGON WHEAT City grain elevators are paying for No. 2 red, 85¢, other grades on their merits. Cash corn, new No. 2 yellow, 4le. Oats, 27¢.

U. S. STATEMENT

WASHINGTON, Dec. 4 (U. P.).—Government expenses and receipts for the current fiscal year, threugh Dec, 2, com=pared with a vear ago: Last Yea

This Year ar .921,332,562.69

Expenses $3, 178. 843. 941. 15

Receipts

2'616,111.20 ,283,065.75 112,684.75 1 fog 001 496.74 y's Pur, cern 98.388.55 $1.2

Customs Inac. Gold

Clan Debits Clearings "FOr Week vevuves Debits for ¥ week

BANK STOCKS

Bank of Manhattan «se... panies Trust .. Bany of N Y Trust . | Brooklyn Trust | Central Hanover Chase . Chemical Commercial Continental “ Corn Exchange

Empire see First National ... Guaranty Irving Manufacturers National City .. New York Trust Public Title Guarantee

BOND SCHEDULE UP FOR COMING WEEK

NEW YORK, Dec. 4 (U. P). Upwards of $30,000,000 in bond is=sues appear scheduled for the market next week with one corporation offering likely to appear. The corporation issue is $10,000,000 of West Virginia Pulp and Paper 44s which likely will come to the market Wednesday. This is the first sizeable corporation issue in several weeks, . State and municipal financing scheduled will run to $18,632,518. The Daily Bond Buyer said today, which compared with a revised total of $27,090,850 this week and a weekly

The opening was lower in the face |

b 6 | Ba

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SATURDAY, DEC. 4, 1937

Hogs Decline 10 to 40 Cents, To $8.75 Top

Hog prices were uneven today as a result of a sharp downward adjuste ment movement on weights above 250 pounds, according to the Bureau of Agricultural Economics. Weights up to 250 pounds were steady to 10 cents lower. Practical top eased to $8.75 though many sorted lots of weights between 140 and 180 pounds brought $8.85. Weights between 250 and 275 pounds were down 20 cents, 275 to 300 pounds dropped 35 cents, heavier weights were around 40 cents lower. Packing sows ruled 10 cents lower in sympathy with heavy butchers to bulk $7.15 to $7.65. Cattle trading steady. Compared last week, slaughter steers and yearlings were steady to strong. Heifers closed steady as most action was on common and medium grades, Cows were strong to 25 cents higher, cutter and common beef cows gained most of the upturn. Vealer prices were steady with the close last week. Good to choice kinds cashed from $11 to $11.50, Sheep and lamb trading was quoted as nominally steady. Come | pared with the close last week. both classes were 50 cents lower. Bulk of the week's fed lamb supply sold from $9.25 to $9.75 Late top of $9.50 was paid for both fed and native offerings. Bulk of the good to choice natives sold from $7.50 to $9.25.

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8. Light Lights— (140-160) Good Lightweights— (160-180) Good (180-200) Good (200-220) Good 1220-250) Good Heavyweights - 50-290) Good (200- 350) Good Packing Sows--(275-350) Good .e (350- 425) Good .. (425-550) Good (275-550) Medium Slagtitel Pig (100-140) Good na choice. Mediu .“

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Receipts, (550-900) Choice Good . Medium COMMON sessnsens Choice seissessses 12.25@ Good seinen Medium Common (plain) Choice Good Medium Choice G

ves 0. [email protected] [email protected] 6 50@ 8.25 5.50@ 7.00 15.00

@ 9.50

sesssensans

(900-1100)

(1100-1300) [email protected]

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(1300-1500) [email protected]§

Sree Heifers Choice «.... Good .. Common . Good and cholce.. ........... Common, medium. 5.25@ 8.28

@ 1.50 6.00 5.00

(550-750)

(7150-800)

Common, medium Low cutter and cutter

Good (beef) Cutter, common and medium. Vealers --Receipts, Good and choice . Medium Cull and common Calves (250-500) Good and choice... 1.50 Common, medium. 5.00 Feeder and Stocker Cattle Steers (500-800) Good and choice. ommon, medium. (800-1050) Good and choice. . mmon, medium.

50

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Good ommon snd mediu © SHEEP AND LAMBS 50 Lambs Choice

Shorn Ewe (00- 175) Good and choice., 3.00 Common, medium., 2.00

P.) ~Hogs—Re«

CHICAGO, Dec. 4 (U. supply

ceipts, 6000, including 5500 directs; too small to make accurate market test; bidding on few 200-210 1b. weights, $8.45, but no sales. Caitle—Receipts, 1000; calves, 100; mare ket, steady; good, choice and prime steers unevenly 7T5c@$1.50 lower, common to medium steers steady to 25 cents lower; prime heavy steers topped arly at $17.50; sveral loads, $16@ 16.60; best Jon yearlings early, $15; yearling heifers 10.50; all heifers 25 to 40 cents higher; cows oe 25 cents up; bulls 50 to 75 cents higher; vealers steady to 50 cents lower. Sheep Receipts, 4000; market, steady; | fat lambs 25 to 50 cents lower; slaughter sheep mostly 25 cents down:® feeding lambs weak to 25 cents lower; week’s lamb top, $9.85 paid carly for choice natives; week's Slaughter lambs, [email protected]; yearlings, @8.65; slaughter ewes, $5, [feeding $7.75@ 8.65 WAYNE, Dec. 4 (U. Prices 10 cents lower: 160-180 1bs., $8.50; 180-200 Ibs., 225 Ibs., $8.30: 225-250 Ibs., ibs., $8.10; $ $7 90: 120-140 1bs., Roughs, $7.25; lambs, $9.

ROOSEVELT PHONE NUMBER IS NO JOKE

NEW YORK, Dec. 4 (U, P.).— Things got so bad at the Roosa home today that Nrs. Roosa told the telephone company to discons nect her phone and packed her bags for a week-end in the country. The Roosas became the victims of scores of practical jokers—-Mrs, Roosa called them “wise guys’—aft= er the news leaked yesterday that they had President Roosevelt's old telephone number and that it was rung frequently by persons asking for the President or members of his

Be FT.

‘stags, $6.25; calves, $11;

average for the year of $23,317.867. The largest of the offerings is $10,« 000,000 of New York State grade crossing elimination bonds on which spirited bidding is reported.

PARKING RULE ASKED

family. Mrs. Roosa always thought the Roosevelt calls amusing because she's a fervent Republican, but the jokers overwhelmed her.

CLASS HEARS JACKSON

ON S. MERIDIAN ST.

The South Side Civic League will petiticn Police Chief Morrissey next week to establish a parking rule which will allow motorists to park only on one side of Meridian St. from the Belt Railroad to Raymond St. This resolution, which also calls for placement of a slow sign at Southern Ave. was adopted at a meeting of the League last night, Edward L. Eckstein, 3¢ Iowa St. was re-elected president; Arthur Paetz first vice president; Anthony J. Laker, treasurer, and Charles J.

Religious principles are embodied in aims of both State and Federal social security programs, Clarence A. Jackson, State Gross Income Tax Division director, told the North M. E. Church men’s ciass last night. Raymond M. Johnson was elected president of the North Men, John Williams and J. R. Douglas were chosen vice presidents. Assaiaed plore

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Kinney Shoe Store

Men's Fancy

Cotton Hose

Fritz, secretary.

ROAD 34 IS REOPENED,

State Road 34, from the junc stion | with U., S. 41 to Hillsboro, has been | reopened to traffic until spring, | when paving work will be resumed, the State Highway Commission had Announced today.

SAFE DEPOSIT BOXES

* The Indiana National Bank

fana vellows and n Tors. $17

a Fal in

of Indianapolis

138 East Washington St.

[EEE EEE | 1938 CHRISTMAS SAVINGS CLUB

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