Indianapolis Times, Indianapolis, Marion County, 14 December 1937 — Page 19

Page PDF (14.98 MB)

Back to issue view

als

ER ase

- “sales, $1,019,000,

. 122 record Dec.

Med a Ea Hee

Inast. gold...

Steels Gain Point; Auburn Rises Slightly. |

NEW YORK, Déc. 14 (U. P.). — Stocks developed a firmer trend today under ‘joint lead of steel and metal shares after early irregular-

ity. [Trading was quiet. « U.S. Steel common rose 1% points to 56% before meeting mild profittaking ‘which scaled the gain, while Bethlehem and ‘National Steel were up! a point and more each. Amerjcan Smelting climbed 13% to 48%, while ‘Dome Mines was up 1% at 50% and International Nickel and Anaconda rose almost a point each. Motor shares wee sluggish. Chrys- _ ler advanced fo 55%, met some sell"ing and sold off to 54%, up % net, while General Motors eased fractionally below 33. Auburn held a small gain. Rails were firm. O steadied at fractional advances, while utilities’ moved moderately higher after early ease. Air Reduction was down a point at 49, ‘Allied - Chemical had 2 points loss at 55, Eastman Kodak lost 135 to 158%, and Montsanto Chemical had 1% loss at 82% Specialists in demand included Case, up 1 at 93, Pullman, up 1 at 33%, and Sears

Roebuck, up 1% at 58. ” = 8

Today's Business At a Glance

GENERAL BUSINESS American Iron & Steel Institute reports steel operations scheduled this week at 27.4 per cent of capacity, low since Dec. |3, 1934, vs. 27.5 per cent last week and 78.2 year ago. CORPORATION | NEWS

Atlantic Coast Line ilroad Co., first 10 months, net income, $2,196,800, equal to $2.66 a common share vs. $902,928 or $1.08 year ago; Oct. net loss, $206,267 vs. $159, 334 year ago. Chicago, Milwaukee;| St. Paul & Pacific Railroad Co., (week ended Dec. 11, carloadings, 18,576 vs. 18,649 previous week ‘and 20,831 year ago.

Kroger Grocery & Baking Co., 4 weeks ended Dec. 4, sales, $18, 881, - 944 vs. $18,789,377 year ago, off 0.5 per cent; 48 weeks $229,547,309 ‘vs. $218,371,183 year ago, up 5.1: per cent, Rath Packing Co., fiscal year ended Oct. 30, net income, $509,599, equal to $1.16 a ¢ on share vs. $961,511 or $3.86 previous year. Scott Paper - Co., November net up 322 per cent Over year-ago; n months sales, $12,768,400, up 19 per cent over 1936 - period. | Reynolds Spring Co, first ‘ nine months net profit, $250,784 Vs. $531, - 618 year ago. Bowman-Biltmore ’ Hotels Corp., +11 mi nths ended Nov. 30, profit $191,045 before amorti: tion; and income taxes ‘vs. $114,647 year ago; November: profit $22.5 1 vs. © $35,111

year &go. DIVIDENDS

Carrier & General Corp., year end oe omfion, payable |

of 20 cents on c {Dec.. 23 record. Dec.

_ Davenport Hosiery. his; 50 cents |

‘on commen, payable Dec. 21 record ‘Dec. 15 vs. 25 cents Oct. 1.

Endicott: Johnson. Corp:, 75 cents

‘on common, payable Jan. 1 record Dec. 24 vs. like payment Oct. 1.

: Horn & Hardart Baking Co. of ‘New Jersey, regular quarterly $1.50, payable Jan, 1 record Dec. 21. Interstate Hosiery Mills, Inc, 76 [E

“cents, payable Dec. 24 record Dec. | ers, 1

20; quarterlies of . 2 cents each Feb. 15, May 15, Aug. 1 and Nov. 15. Midland Oil Corp., preference, payable Dec. 29 record Dec. 24. ys. like payment Dec. 1

i a tac. |E

turing Co., 75 cents, payable Dec. 17 vs, interim 60 | cents Sept. 30. Pierce’ Governor Co., 15 cents on common, payable Dec. 23 record Dec. 15 vs. iike.payment Oct. 11._ Root: Petroleum Co, ular quarterly 30 cents on $1. preference, * payable.Jan. 1 record Dec. 21, Samson United Corp. 12% cents on common, payable Dec. 28 record: Dec. 16. | tCopsrignt 1937. by United Press)

at Stocks

By United. A

‘NEW Y! 14 | P. Cu stocks opened irregular, [- % Th

Alumin

U. S. STATEMEN T

GTON; ‘Dec. 14 | (U. P.).—Goves an

ils | cents higher.

3: conls on S21

V calers Gair n

The local hog ghab remained steady today, ‘according’ ‘to the Bureau of Agricultural Ecohomics. Top held at $8.50 on good" ‘to choice 140

throughout the ‘schedule.

bulked from $6.75 10, $7. : {Only an extremely light supply of slaughter steers kept prices from |2 slipping to the lowest levels of the season. Sluggish markets and liberal supplies of beef cattle at most

to weak market here. were strong from $6.75 down. Vealer prices were ‘strong ‘te 50 Top reached $12, as the ‘bulk on good to choice kinds cashed from $11 to $11.50. Lamb receipts consisted entirely of native kinds. Prices were. strong | co to 25 cents higher. Few sales of SU cents higher were made at the close. Good to choice offerings sold from

$3. 50 down. (Reprinted From Late “Late Times Yesterday) HOGS

8.35@ 8.65 wis 8.55 5 a

8 spuman® . geszege

S93 Gem a Same ®

>on tame:

CR ERE ERY

"dood u and choice..

=Retelpts, | 1500— .

550-800) o$ 310 y Good 128@19.

slau

ey Sa Sas oa 3 £0 Sead 33 ono wor DOOM wo OO Cou Oe S88

100-140)

ococuiom

C (900-1100)

Mi Cc (1100-1300)

os sie sa se sen PIPOO OD =I Sad Bk

M (1300-1500): Gi

(550-750) Sood

Good od and choice Common, medium. : Cows: Go od gt os et doh Common, medium see’ Low cutter nd a cutter Seven A

Good (beet) Cutter. common and medium. , Vealers —Receipts, 500— ‘Good and chofce Medium Cull ana common Calves

(250-500) Good and choice.. mmon, medjum’

fon and - Stocker Cat Steers (500-800) Good. and choice. .

um. (800-1050) 00a ih Ly . Heifer

joramon, medium. "Good Tend choice ....inSes,

Common and medium’ samme

gg 828 68 6€e

a gu ow 28

& aan & £38:

0 8® eeEd Ben Bn Iw 82 3333

Goo od Common and ‘medium SHEEP AND LAMBS ~Receipts, 4000—

Sit Bil

200 3

ont es 4 J —Hogs—Re (me = Tasia i Epi 2d Packing

a Steady Ry ioc, Ee

weights 279-1bs. Non, is Bulk ood and choice hes dn: 1bs., uh 10@8. %00250 log. [email protected]; few butchers, 260-300 Catto fe al” eral trade again very d on steers and

, weak: 10 steer

Shee se Héceints rects; bout steady, around choice offerings; Dest, seid, above; sheep, steady to ewes. fownward from wu Py Market, or hi 10-180 1bs., $8.40; 160180 1b 180-300 $4.15; 200-225 $180: 3 30-73 1bs.,

1bs., fooadt, Thee , $7.85} Calves—$11.50.

[email protected] LE RE d

$10: 120.1 ne” a > s 8 8 Fs a. swags

- Dee, O. i P.) .—Hogs— Market, steady: bulk Teo 170 1b: 4

80 170- -225 1 1 8. Calves, $10. ait : Lal oy $10. dow CINCINNATI, Dec: 14 (U. P.). “Hogs Receipts, 2750, including 127 directs; holdovers; market, active, Steady to 250

hi het: to sa: $8.30; 100at i Ri 3 good Packing Sows,

alves, 2 200. 2250p

good = B ESian Sobiih 0; “most other steer offe beef se scarce; @5s ow ier and

vealers, uneven, , practi De os rl Fi tof ack

; 8y Vatiod Press BOND PRICE INDEXES

BREED RRRRRRREERRREREEESS 6 .

Cote ie 3 i 5 5 Ds at bh Led edt 5 or

to 180-pound weights. Selected lots | Beit drew premiumsof 5 to 10 cents : Packing! sow prices remained unchanged and | Bo:

major terminals reflected in a steady | canad D Bull prices | Can P

$0 to $9.25. Common and medium | $2 sorts ranged from $7.25 to $8.50. ot Slaughter ewes were unchanged at

5c lowe : off more on | Di.

Jo00:, Saves, 1500; gen- |

: | chicken coop without using some ce='| wn. iment, and in a ldrge. . building it

rd | SH Keep them 3 to agreeron jrices

A edi tl Bui} a7; op, all e direct;. fairly mass of ashi oice i

A2/AGE fog 2p s #

2 g 3

lt TR fred *

B SHEL]

FESR

. - - SeIRSHEZERE BE sgabagl . 1+1 111

£ x I:

Yesterday c..coconcercons: ' Week Ago’ spieubssscnagadiy .128.31 Month Ago $edredasesanisns 121.98 Year Ago x High, 1937, 194.40; low, 118.64. iHgh, 1936, gi low, 148.11.

Yesterday ......ecbeesense ‘Week Ago srsesisbeteuyaes id Month Ago ceiver deena we 32.08 Year Ago ....scnevscescns High, 1987, 84.46; iow, .

“SHlth, 1937, 37.54; low, a . 70 STOCKS

BEY a FRR

SHED ELH

Aviation Corp .

if es ow : opsse ) ¥.

d Loco 1 8 : na

+ HHT

Boon Nek FE as

Bu!

s+ Fras TR Fees

Saag

¥ eh Bu Jer “Bros pt. 20 Cal met & H .. C

aS alibi Nae ae WE

Ceiro os Cei ta indeed

eS8R 5 5 PES ix ate SE a rsd ss

. .

14:11;

7 Pd wg SHFSERR

Eupaitad Ra vn Bribe x Ene

sy $2

Ee fringe]

DI bt PE =8 sul l+

Lil ey

Pont cesses 111

itl:

. >

Hl ee

Fic Phen ... Fiist N Sirs: Flintkote 16%

8% 2% 16% oi

Gair Robt .

RAS v . 7 Gen B 3a i

Gen gable’ i ii : ho Cig Ye il Ha ie Gea Electric oe ae take Gen G&E A .. 14% cos

INVESTIN G co. Ss:

id - Asked 1.90 12.66 Ins Bid Ast

11 13 454 Invest Bank Co 1763 119.37 Ben 68 8 1st

JB 31 16.37 C FB 49 © F-K § 226 24.02 C F-K-2 10. .00 14.14 C F-8-2 1 50 C F-S-4

3.90 -86: 31,36 ; -28 SiR

Inv or Nat Sec

sone on

2RSBEEBR3;3RNSEZNLITES Bact aI

Bn he a

Opa

200mm’ Rentals

ee, 4 xr Fos 22. % 25.501 11 Bank 3 3 00 27.00 Bldg 4 ne

mobs SSSI

Seais-amoab

105. 5.65/pc 18 1.28 25.00 - 28.00!

.19 Fund, "Inc. .40 2.67 93 3.28 5 o .95 . 65 3.90 43 16.37 5.13

0s Std ‘Am

ad JMB Wo OO dN

. oa woe aA ee a ie am ODD FDI D OO IU © 00 «3 CNN CN OO © Ca) es I) ar . . Fils :

| DMI DNR

10% - .13|US L& Inc Inv. 16.08 17.29 . inst Securities, Ltd 8 1 3 a

: Week ARO ov, sesesesasesene 43.19

‘wheat was % cent higher to % cent.

Ito hold fairly steady in small trad-

‘| traders - have been inclined to 80{gp.qi0 slow pending Jssuquee of the Argen- &

duly il

5 | unchanged.

ARSON

2 | under . 4%. lbs., - 14c; h -11e}

. ie Fn

Yateraiy eae

Month ARO eooennses | Year Ago fl High, 1987. 69.67; low, 38.87. High, '1936, 66.38; low, 51.20.

ESA UC High Low n Motors ... 3 33 32 a 1 2% Rete 25... 2» aaa gt git Ru 3 : areyhound . 05, 0 10 Hd

Ee : Hayes Bd “ese : % i0a 8 4 :

Hecker aon Herc Mot ..... 15

CORN GAINS CENT ON

EXPAT PROSPECTS =~

Wheat Trade Sluggish as News Is Awaited.

CHICAGO, Dec. 14 (U, P.) —In~terest in wheat was extremely i throughout the session on the C. cago Board of Trade today. ae At the end of the first hour

lower, corn was % to 1% cents

higher, and oats were 3% cent lower

to 14 cent higher. December futures, despite the lack of interest ‘in all futures, managed

ing volume. In the absence of any important export demand for wheat,

tine crop report tomorrow.’ receipts were four: cars. Corn \advanced 1% cents for De= tember futures on buying in anticipation of continued export demand for the U. 8. crop. Other months were -fractionally higher. Corn re. celpts were 84 cars. --

: LIVERPOOL ¥ WHEAT

Yue |

Prev. Dec. $1109 $n stage ais March i. i Sian oH > 3 % $ i338 Ma 133% I. I He 113 li1asie 113 138% 112%

ARGENTINE GRAIN

S_AIRES, Dec. 14 (U. P.).—Grain ened irregular. Wheat Decem:

no She, Febru

a o Je $1 25%

Flax! aC: March, 1$1.25%, off

; 33, grain. “levator aie are Rs tor. No. 2 Ne cs of tne meri

BANK K STOCKS

1, | Tri-Cont

GUATENLEE +...vis rE ded

LOCAL PRODUCE

Heavy breed hens, 4% lbs. and up, 17¢;

heavy springers, 1% Ibs. and over. 18¢c: ] eghorn springe en 1%, ‘1bs. ‘and over, 4c; 12 Baek oI rol ours 4 IE ot Toosters, gc. ~

over, ung toms, ea ins. et “oid ens, White i No 2 arkeys over on feathered ‘tat tise ‘colored. 412 lbs, d 12¢; un Sa hn rete oy at Hk A strictly 1 esh ig 0.. 1, str 7 cou Bs (Each J must we Ny 55: Tos. het fon of 15 cents for Sach ‘tll c ss under 53 55 Ibs. will be made.) 1, 39@ 39%c¢; No 2

Ex-Dividend, finn 13. % 14.0 le

5 Cement Prices. Being Probed By Federal Trade Commission|*

: By YORN T. FLYNN ia Tinwes Special Writer WASHINGTON, Dec. 14—The Federal Trade Commission 18 investrate the ‘cement “trust”<-the “Cement Institute, a combination of

utter. ho 8 $13kc. PButtertat—No, 1, 35¢; ‘No. 2, 33c. {Prices by Wadley, coy rk

an the cement manufacturers. building. ‘You can hardly” ‘build a |

uses. Supa Jot of the builders money. Since high prices have ‘slowed up building, the mission ' th that the cement |h makers have got together. in" the keep them up. It n- ; a foe

‘ Cement is an important item a

ederal Trade Com-|

freight - turned this down. It made its-usual claim that this was in the interest

of preserving gompetition and “pre- In

venting mon

d of a large company and an officer of the Cement Institute— Dearing of this, wrote a letter to the head of ‘the ‘Code Authority. He said} ow ‘the ‘action of the ‘in ‘not; oazoparsting with overnment po

Net 8 Las Ct Change. 3 — “t|

FL Munsingwr

. | Sperry-Co -s Spiegel Erp.

Un . | Un_Paperbd . Eee Sec

r 4% Ths. full feath~ |

The Cement - * Insitute 0 |

A leading cement: manufacturer— |

‘Motor rod ees SY ! ceeen 10

+ a

| Nash x y Ree! Nat pt St Nat Distillers . 3 4

tts is | ARE

208 erate Sel SF,

5 >

va ... 8 « 12% 123°. 29

BR8E

outbrd. Marine. Ownes Ill Glass

13% 3 61% 61 Pe 10% 10 ve ” 12

4 11 1

Ar FER

od hd ft put Sr DD +: : : .

Pod eid -

ae BaGuilall $4 “oe os 0

LLL

Saws SESSLER TESST sd Ll i # ae

1s a300 83 AEDES Ei S09.

\ gt Ec =

fig CHE

SESESSR NESS

Ryan Richtiel

St Jos-Lead . Sears Ho Roobuck..

Spencer K ..

Jace oer 31

. . -. = 2

PELE bbl: Pb | Fd 4 ne ls * :

» .

ry “rn

R B.. Irs & West Ar 3 20th Cent-Fox..

Und ELL Fah... 51 Daiol Cath -.. “a n Un Ai Aireratt On 23;

Un Air Lines.. Jnited Clo:

nited

United : Gas Tan

v Fk n -2 ul ee U 8 Steel ’ Oniv Leaf T Hi i ik P&L 3: ee: 1% cesses 168

Ldsoss

Vanadium

i 1 “ee + % Zrese +i

Tan EA . vee Wale (H) 40

hos 1% 15% 718% p% 24% 24% | Weer Steel .. 4 3 a8 Mn ais Willys Ovaid ‘ot ‘elo $l. ‘8 ile Woolworth rien gn > i ngton .. 1 # | Wrigley ston. 31 a

25: 28 + if ih 5 7

. 10%

¥al Pai Yellow yo | Young 8 & Young Sheet

16% - Ya

LOCAL ISSUES -

Iiisnsrells. Soi ‘Bond & Share Corp.) filth eT or = i hy wk based ‘on n, Dying ad “setae mark et leve

iil 3th

Zenith Rad .,. =

| dominated House consideration - of 1 the wage-hour- hill today. Hid ." | ‘The debate; which entered its sec-| ond day this afternoon has included. “Green.|.

2| vidual industries would submit pro- | posed schedules for approval by the

‘| board selected geographically. This 4 scheme, which was contained in the

-Lsion; was original

15{ when Mr. Green attacked the | board plan.

is is it acceptatle to Southern mem-

Three members of the University

F. D. R.-GREEN FIGHT SEEN IN HOUSE DEBATE

Ginsidaraton of Pay-Hour Measure Dominated By Conflict. (Editorial, P Page 16)

: By THOMAS L. L. ‘STOKES : Times Special Writer

William. Green of the A. F. of L.

frequent ‘mention of “the bill.” By ‘this is_meant a measure

| sponsored: by the federation . head,| | which : would * write a specific. 40-

cents-an-hour rainimum ‘wage and to .be enforced hy :the Justice. De~

the South ‘or other areas. “This measure is to be offered later |

as a substitute. ' The bill ‘before the House calls for a basic 40-40 schedule, but: i 4 leeway for- differentials “to be granted under various conditions by an Administrator in the Labor De‘partment. Committees for indi-

Administrator. ‘New Deal leaders lean toward. a still different formula—a five-maill

Senate last sesly duplicated in the House bill but the House Labor Committee agreed to. change it

bill passed by-the

- Mr. Gren’ S ‘idea would not he acceptable to the tration, nor

bers. - A major fight will center about

this issue when the bill is opened to amendment. General debate was scheduled fo end this afternoon and Ho early skirmishes over the chief point of goutroversy may begin’ before nightfall Foes of the ‘measure will male the most ‘of ‘tHe three-way split over who shall enforce the act. Admin=istration leaders were encouraged by the sizeable vote—282 to 103—by which the House ed its-rules| 4 | committee and forced the bill 0 the floor for a vote yesterday,’ and ‘felt conddent ‘of victory on one &f the two alternatives acreptable; to Be ident Roosevelt. = = Y bo Preliminary dehate Brought sl of “I'm; for a We. -hour’ bill; It plead oe ‘the’ House,

Joie the

a ve Fr i : BT Fodsevelt does not want bill,” ‘this’ member

Alumni Association are shown here planning the organization’s Mask and Wig Club show to be ‘given

"WASHINGTON, Dec, 14—A be-| | hind-the-scenes = conflict * between ithe Administration and President

a 40-hour maximum ‘week into law;

partment, with no differentials for :

‘offer of $100 for the gun, she said

heirloom.

she. saidy

the! ployee .who had read a

1a Oe at ale “inf thelr ‘eon | Q A for Soe: der sort of fro

| tion, i | among’ labor's lenders.

%' Charge: Roosevelt Doesn't Want Bill

bi 0 days. Sne Yas 80. Si

of Pennsylvania |

0 Times Photo.

Dec. 28 in English Theater. They are (left to right) ~ Maurice Harrell; Alumni club president; Norman Metzger and Ralph Vonnegut. :

| Manvilie’s Ex-Wife Weds Broker

day F. Carlisle Jey New Yor's broker; and his bride, the former

Marcelle Edwards Manville, fourth’ wife ‘of Tommy Manville, asbestos heir, are pictured after their wedding in New: ‘York, '* +

Local Woman Prizes 1836: Gun;

‘Thinks There’ $ Only.

& ;

Mrs. Elsie Jines, 315 Hancock st.

has a rare old gun which she’ says,

is about 102. years old, “As far as I know, there is only one other like it in the country and it is in the Smithsonian Institute,” | she said Recently she refused an

In excellent condition for its age. the 1836 gun is the muzzle loading | type with an eight-inch cast-steel barrel. ‘The only apparent defect | is in the cherry wood handle. It is | split. Mrs. Jines’ grandfather gave: her the gun shortly before his death -about 16 “years ago. And because. of its age, she has kept it. as an:

A few months. ago, however, she decided to show it to an Indianapolis gunsmith, and when he offered her $100 for it; she’ ‘decided right then to probe: into’ its ‘history.

“If it was worth $100" to ;him, if ‘was worth more 10 someoiie. else,”

Mrs. Jines learned thie gun's history from a Washinton p em‘letter she

tten the mantfacture , She; facturing

m.| vagrancy. i ea vestigati like | wanted for. “iresking Leavenworis .

One Other

- 8 8 .

+ 1 94mes Photo Mrs Elsie. Jines.

De. 5 after an auto

PAIR HELD ON NEW

~ AUTO. THEFT CHARGE °

ew Y

Pre. and. a =

hat! on in a

* | was not wanted for it {eaviss charging caf helt were Hae .Jand. the Fas ‘| Municipal Court

When FBL agents oil” thon. a he escape, affi-

“a Ba, tor in

d. each AR Yas act 8

Funeral BE wére being completed today for Mrs. John Rus~ who" died 'yesterday just 127}

dass after ‘the death. of her hus-|{

ormer at Ke-| one nade i or two

| Rush. Jobs Make Us Sits “Hendren Printing , Ine,