Indianapolis Times, Indianapolis, Marion County, 17 December 1937 — Page 39

Dome Advances Half Point to Ni ew ‘High. NEW YORK, Dec. 17 (U.

P.).—Stocks "drifted irregularly. lower in quiet trading

today. Steel, motor and metal {ing

shares were. softer, but most other sections -were mixed.

U.S. Bteel “fluctuated narrowly

around its initial level and showed 5 loss to 577% at midsession. Bethlehem, Youngstown and Republic

had fractional losses. Chrysler eased

more than a point and. then halved the loss -at 55%. : General ‘Motors was down % to 33%.. ‘Anaconda sold off, a point ‘to 31%, while International Nickel, Kennecott and. Cerro de Pasco had losses ranging .to nearly a point. Gold mining shares were an exception, Dome rising % point to a new high t 54. 3 Rails were mixed. Atchison and Union Pacific had small gains, but New York Central and Southern Pacific hovered ‘slightly below the previous close.: Among utilities Con-. solidated Edison and Electric’ -Power & Light had small losses, while North American and Public Service were steady. Oils were somewhat firmer under Jead of Texas Corp.

up almost a Pome to 1%. #

Today's Business At a ‘Glance

GENERAL BUSINESS

‘Federal Reserve ‘reports etary gold stock this week up $1,000,800 a $12,765,000; excess' reserves up $10,000,000 to $1,060, 000,000; circulation up $5,000,000; brokers loans off

$38,000,000; ratio 79.8 per cent Vs.|.

79.9 last week and 80.2 year ago. Dun & Bradstreet reports retail

trade this week 4 to. 10 per cent over |

last week and 3 to 12 per cent over year ago; wholesale 1 to 5 per cent qver year ago. : CORPORATION NEWS

British-American Tobacco Co., Ltd., year ended Sept. 30, preliminary ‘net profit. £5,760,440. vs. £5,541,755 previous year. Reliable Stores Corp., November sales, $771,711 vs. $938,773: year ago, off 17.8 per cent; 11 months $8,390,245 vs. $7,900,585 year ago, up 6.2

5 BE Dec. 223 record. Dec.

yd en

ich Was soni for old ‘cent ‘preferred stock. : al: Light & Traction’ Co., $1 e "Dec. A Feit Dee. -23,

cents on a Stasining Dec. 21 2c. 21 ve. 50 gente) jquartecly

5) +158. 1937 1ow (Now: 30). LE fo

OCAL. PRODUCE

breed hens, 42 lbs. and up. ye: 1bs., 14c; leghorn hens, - lic: Dringers, 13% lbs. and over, 18c; Trois ers, £2 lbs. and over, 14c: yS—Y

15¢c; old .roosters. hens, 8 lbs. and: Over, yo neu toms,’ a 1bs., 19¢; old hens, * be turk

der 4s 1 R duck Su Abs: and up; Rjinner duck ed

5 Eins Sut faa, 1; 35¢: -by- Wadley Coo

BANK STOCKS

= Empire Ce He 2 Pirst I 1758 Guaranty 223

isideesasscssesace

Manta

New ry Trust Hie a atagton

ICAGO PRODUCE

s—- Market, weak: j Jeceipte: 4430 cases; rsts, ‘cars, 23 han fats, 26c; ; aded fizsss, a 22c; than oc; stor ag Sl shee ee. c; § retrige or Hirsts, ards. 1 Sion. raior 5 = arket, weak; tubs; extea disse (90-91 ends. 30@31%c; | specials dards Joc steaay; Joseiots, 39

ssbessnssdes.

; fresh dirties; erator ex- ; re i

§0@ 236 hen hens, 1 1 Te @aoe: brogiers | R

23@340 hur evs, 15 Leghorn hens, Tl Turina, sxgioe; daisies, 16

rie Soi fier Risse

A olorads ~Dakota |

[email protected]; packi 3 Sows 9%. [email protected] 3 45 ttle—Receipts. “calv

less ecks, Ae; current re= | N

= Lu Fi

Hogs Here Fall On Cues From Other Centers

in the local market today, accordto the Bureau of Agricultural | 5 Economics. The market opened 25 to 35 cents lower, . The decline was more. severe than

high. Top felf to $8.25 on good to choic 150 to 180-pound kinds. = Fat packing sows sold 25 to 50 ents lower, bulking sold from $6.to

kinds sold for $6.65.

the heaviest ‘receipts of the week. Good to choice offerings sold from $12 to $12.50. Approximately 100: head of cattle were held off the market’ and were

estimated at 500 head. zThe week-end cattle offering was; not representative: except in the cow division, where cutter grades of

firm prices. Beef cows sold at weaker prices. Lamb prices were off 50 cents except heavy kinds, which sold at steady prices. Top was $9 on good native kinds.

10000, 2000 10000 8000 4500 10500 9000

A F fant Lights—

140-160) Good 8.25

8.25 3 25 8.05

C.

Heavyweights— (250-290) Good (290-350) Good

and choice.. and choice..

(275-550) Medium Slaughter Pigs— (100-140) Good and choice. .

—Receipts,; 500— (550-900) Choice .... Good ...

i ” Lbs QO

hr

ad Ee sammia

00 1001 Ch =100 OS NG ~300

edu (1100-1300) Choice

FON DINID DN TIBI DOOD UU D NV I 9990390090001 Sgaaunahaoaian MOO MOOONNOSIIO

oi pd

{Mediu (1300- 1500) Choice. Good

os d Common, medium Low cutter and Me atier cesses

6.50

veef . Good ( ) 5:00

e Cutter, common and medium.. Vealers —Receipts, 600— Good and choice

Medium .i.-i ov. iv iisians ei Cull a common :

Cal (250-500) Sood ay noice. - emmon, medium.

Mas and Stocker Cattle

eers (500-800) Good and cho! Common, medi (800-1050) Good and chol mmon, medium Heifers— ?

Sood ¢ and choice Common and medium .,.... Cows— Gaod

7.25 ; 650 11.00@12:50 [email protected] 8.000 9:50

“[email protected] 5.00@ 7.50

(30-178) G Good and choice... Common, medium.

CAGO, Dec. P.) -—Hogs—Re-

1 soo 25000, incliding 11000 irects; mar-

uneven, draggy, @ ower; some 15@25¢c lower, late; fon, $8; choice 150- Ios. & 7.80@ 50-300 1bs.,

e—] S, ves, 500; unreliable outlets for moderate supply; common and medium fed steers and Jeagn S, scattered lots, [email protected]; heifers also without dependable action;.cutter and low grade heef cows July steal v at $3. [email protected] sausage bulls stead 5 at S% - vealers steady ff at $11.50 to Sheep—Receipts, 10,000, direct: fat lambs, slow; "éarly sales, 25@ 50c off, $8.75@9 on early sales, ostiy to P backers and. Ee = handyweight ‘on: 8! accoun 4s, i» [email protected] and ui Fen : dow

Lé Th Market.: 30@4 Dl wil Ts0:170 0 fae. $8. i. 3130s J 22 Sh 1 A Sops: 22228

Ie down; Tg own, an

ples 8s, 150. Tam Eo Pia —Hogs— Market, 25c lower: "140.160 ket, 8 AS Bs 5:35 160-

3% J 90; 180 $7.60; 225-250 1bs., or 30; 215.300 lbs., $7. 20; 120-140 lbs. $7. 75; joushs, 338 25; stags, Ss,

instances,

including none

$7.7 ot 40; 350-275 1bs., 300-350 Ibs., $7. 10; 100-120 - 1bs., $7. $5.25. Calves, $12.

“CINCINNATI, Dee, 17 (OU. P.).— he aE ’ a8 : -, 100-150 Ibs.” 8.2 k pe.

“part earings $8.25; iy Tots rh By ood baby beef type heifers, $8.25! Sthers Tatgely $7.25 down; odd bulls," [email protected]. Sh eep—Receipts, 200; none direct: market, steady on light supply; few lots Sood ewe and wether lambs, $9@9. mmon and medium as %. 50@8. ‘50; most Slaughter ewes,

FOREIGN EXCHANGE

NEW Y — eign ox BN steady, 17°(U. P.).~Noon forable Rates Change

England (pound Y Eng. (60-a bill fate) 9 oll A 2 or +00 1.64 +.0000%

+.0000%

ew (poun or ee 3 escudo) . mania . gen. toff

Webel. ia Nn. : gen Junot, w=. 313 ile =

y sesune

| Oud (peso) ... Mexico (sil, peso

a a (ru | (yen) :

See Final Edition of the Times wey Lo dol of 1 Closing Stock ‘Quotations

and Other Late News |

| Am Can

tT Bal . Hog prices declined 40 to ‘50 cents bi in other leading markets because | Budd

local prices have been relatively

$6.25 on heavy animals, Butcher: Ch: =O

Vealer prices were steady despite Sol

not included in the salable Supply. &

cows continued ‘to move at actively | Corn Prod

so | capacity of this country is equival-

‘per year in 1929, equal to 1162

200-225.

| economic: truths generally accepted

NEW YORK STOCKS

—f

Hien asks Jun 12

iisg Bec”. 0 vi

Hed glozes pha P C

* yal nerada .. . 3 Boul, a Fp 41 of it Am Mela) \m Roll Nill . ov 1 Am Stl Fiies. 33%

HELL Ses wr

tl]

. - .

Wr

\m im Water \m Wat v 1 {pt i Am Woolen i inc aconda * 3374 ACTaLrong “Ck. 37 ; \tchison ...... « 3 \t] C Line \uburn Auto ..

8

[L4H +: oe ESSERE

a

7 A Ya —B—

3 Loco ct wi 8% 11

_— :

. >.

os

WHI es

TERE ESE

H+]

a gBalnRREy a Lill

Wheel Burlington M.. =O 20%; 2 Si 8% 8

3% 16%

Cal Packing ... Callahan Zinc . Calumet & H Can Pacific Carriers - & Celanese Certain-teed ...

FES

A+

Gommen irn Cony Alror: ft. Cons Edison

22 147% .. 24% . 9%

0 eae a Corn Prod pf..166% Crane deena BT | Curtiss-Wr A.. 14% iif sme Pe . 24%

73

Deere & Co .. & V 7%

D Lac Dist Seag .. 1 {1 Dome Mies ae Lt

Douglas Air Douglas at: .... 31% 120k es

aton Mfg ° tingon S sh

L .. Evans Prod .

Fair Morse .... 28% 28% Fed Mot 3 3

29 20% 28%

Fid Phen ees 9 Firestone ‘* ... 20% Pirst N Sti's ... 28%

air Robt .,...

INV ESTIN G CO.’S

Bid Ad Fis 2 1221 To

.18/Inv 3 16.94 24.64| ° 14.67 21.13

1st B Schelpe

: 8 Sr Fd 00 new 10. Repr Tr ot 11 3 ag

25 Rep. Inv. 25 Soverign 8 gi : Lo 30.67 67 30. big 8 ee 13 15. i Br Ra 1 5 7 6. 28 ih 1 5 gm 79. 0 Chem Food Merch Min

RA EE Fat T

133

State u

0! .88 Tosti be it iis Ind «95 7104 ecurities ab 1. k tS 1.0 a USL&PA- “igo0 1350 Invest.Bark € 1.94 2.04 Pan Bl 4. 5" 5 00] “ ie

158 1436

STEEL CAPACITY AT LOWEST IN 8 YEARS

NEW YORK, Dec: 17 (U. P).— The annual Steel-irigorproducing

ent to 1204 pounds for each inhabitant. lowest since 1929, according to a compilation issued ‘today by Ihe. American Iron & Steel Instiute.’ The steel industry had:-an aggregate capacity of 63,067,500 gross: tons

pounds per capita, while. operating, in the first half of the year; ‘at 96 per cent of capacity. Peak of steel capacity per’ capita came in 1933 when the industry had equipment for producing annually 1236 pounds of ingots for each pers son in the country. Since'that year, capacity per capita has dropped 2% per ceni, while output per capita has almost doubled.

89, 534,20) gross tons annually in the first half of this year, but the .increase failed to keep pace with the rise of capacity, resulting in a decline from the first of the year of four poiinds in the yearly capacity

‘Gen Rigas ov T&R .....

Capacity of the industry rose to | pub

per capita.

By United Press

. | POW-JONES: STOCK AVERAGES

* a 30. INDUSTRIALS : Yesterday .....cooccsveosense .125.75 -—1.43" -=7.85 -1.36

Month. a essscnnsee: .118.18 ay aimee ..179.42. TE 1937, 194.40; low, "113.64.

High, 1986, 184.90; low, 143.11. 20 RAILROADS

Yesterday: iessnsss 81.68 Week BZO ....covsessvssasess 32.17 Month 280 «.csssssvensssses, 80.07 FORT REO +... csuieamesssnsss ‘54.28 High, 1987, 64.46; low, 20.15. High, 1936, 59.89; low, 40.66.

20 UIILITIES

cepsennsna

Yesterday

eiresivansesss SLT4 37.58: low, 19.65. 36.08; low, 28.63. J STOCKS

reves uese

1987, 1936,

High, High,

Yesterday . 42.84 Week REO «v.ceccsosacenssiss A281 Month ago cpeevesesoeieianee 89.51 | Year ago ; High, 1937, 69.6%;: low, 38 High, 1936, 66.38; low. 51.20.

Net « Last Change 43%’ ‘33

“High Gen Electric .., 43% Gen Moors v's S3Y8 3n en Ry Sig ... 21% 117s 23

161s. = 19%. .

L - | Greyhound cp..

Harb Walk .:.. Hecker Prod -..- 6% Homestake .... 53 Houd Her B ... 9% Howe Sound .. 467%

[11 Central 1 Stl L 7a

vo 4 wt Ya . 445 9% Te 11%

J 82 tl 87% 8Ys . 16% rr

12 ves 6% . 31% B..

g

16%

Johns-Man

Kan'C Sou .... Kennecott .... Kroger G&B ...

8% 38 3 15%

Poe Nard Lou & Nash .. Ludlum Stl +...

Sora -Pore. cKeesport ...

vi. 34% 2 1% 18%

Motor Prod..

Nash-Kelv Nat Acme . Nat Biscuit Nat Dairy Nat Distillers. -

10% wes 11 . 18% . 14 20% Nat ad 1a Na Lead pf B 234% Nat Steel 66 Nat Sup ‘Penn. 3

Nat Tea N Y Central.. Y Inv

DEEL Sr see

. -

* ;

Ohio Oil Oliver er Eq i

ws Se

= oh

Pac ‘Ab: Fish 3 Af

Pac Pacific Lig Packard Para Pi rk Ut

HE

Pen Phila Read” © Phillips Pet ...

LOCAL ISSUES

Indianapolis Bond & Share Corp.)

4015

(By sen

f and uti ing

1 Co 58 ni way i G 5s 67 frit du & Th. Biome ite os, be 5s 38 Morris c: Stores Li 58° 5% i bh Munc wor as 41 100 : {oh 98 ch 103% +100

[rac Term CO ; STOCKS

Yo Pe

Belt BR & BY oni Int Pwr 1% &T Ft W

Union Title Co, co Van Camp Milk Cor ‘ta’ cesses Van Camp Milk Co ¢ . : (By M. P. Crist & Co.) age Market St. Investment Corp 22, 92° 24. XEx-dividend. $F i

in the presence of physical disease. A.

By JOHN T. oh

WASHINGTON, Dec. 11.—Audiences at the movie theaters last week saw at least two news releases illustrating the. methods of science

BF conoric or

mysterious disea “struck down many

childrer. in Chicago. The tamera showed scientists in with vicls and magnifying glasses and test tubes exploring the blood and every. available scrap of data to find the cause. the fight of science on heart disease. The -Dictures revealed startlingly

JA Ble reel showed

the difference between the methods of society in fighting physical disease and in fighting economic disease. Chicago did not call in civic leaders, prominent industrialists, or troops ¢f family physicians to study the strange malady that had struck down the babies. It used experts— laboratcry research men. Here .we have on our hands a phenomenon which, however tragic it may be as a human episode, is a magnificent specimen for the scientist. It is a great society moving down iato a depression. At. this moment Alfred Sloan, of General Motors Corp. comes forward in what of course is a high-minded act, ancl gives 10 million dollars to a. foundation. For what? To promote “4 wider knowledge of basic

as such by authorities of recognized

experience.” Just what he means will be seen |

clement ‘of propriety in his this because he has made his

standing and. as demonstrated by |

| in, another part of his statement to | the effect that there'is a 3, sertain "doing | wealth

fitting that he should, promote ‘a |

broader “knowledge and, better derstang of the Sconomie, and national policies ‘Wi characterized ican , enterprise down through the years.” It looks

like another propaganda outfit’ tof

promote Nii medicine and" ‘the old cures. = k of

There is no this. The economic faculties of our

colleges, the it, press, - radio, Fi: the - principles |

‘movies all exp which havé made us what we are.

What is needed is an economic lab- |:

oratory which will discover why we, founder, why our ;

out EE

3 Pr +1.56

J 1] Reyn

| Lighter corn export:

he Shosl” bis ‘op offering, do’ Ho mire set e's; (bad a depressing influence. Profit- ; aking selling continued throughout

: i ss

“| December . March .

¢ Wright Boraraves Sasseessee

"1037 high ..... 950 1987 low eases 80.1 :

mr agencies to do ernmi with

co asstive Gola

P Pur “sone 1 Purity ak" cease He

Quaker Bt. Oil. 15 ‘nadie. Sas Reyn

Safe w ; t 3 f Lea a. $i Scieniey 5, t g “hoe Bet

Skelly on Soceny-Vac ’ . Sold avs Sout Pac South

bpd pa Kats vasar

Ob DINO

eis «INO ITH O

gov FL SRE SE RE ARE EN

Sterl Rr Se & Co .... Sym-Gould xw A

Food ag Gulf Pod "oe

= w A A oi. uf :

ie

Cent-Fox.. ats’

38

at, df s

ion & 60.50. Union arb we Un Pac ...83

1019 1

Vick Chem .... 40

Warner Bros .. Warren Br

ve 4 Warren F&P . : 19%

g El Westvaco

1 Willys Ovid ot “

5% : 30% 36% .. 30% 39

WHEAT RISE HALTED - AFTER BRIEF SPURT

Corn Is Handicapped by Export Outlook.

CHICAGO, Dec. 17 (U. P).—An earlyupturn in wheat was shortlived and demand quiet down under scattered selling on ‘the. Chicago Boar dof Trade. today, : i “At the end of the first How" Wheat was % cent lower fo: 3% cenut higher; corn was 1% to. 3%. cent Tower, and oats were i to : lower. Afte rthe early sur

n 5 ‘Woolworth 0° 3014

Young Sheet 3

Ma ywheat, a reactionary ‘trend. de- | { d. Stop-l de

‘According to. “pit oir a ding elevator interest in Winnipeg was credited with buying May in: Canadian market against sales some[where else, probably Chicago, Wheat | rec ‘were two cars.

tions,” coupled wit: bade 1 3 support which; had ‘been in evidence

in earlier session sthis week, have

the session. Corn Feceipta, were 5

£1 sosn os AEG aE fun SL 05

ed aT Febru w=) ot, 29c, changed;

gram }. —0 i rai n ged ‘Wheat—Dece: ‘February. SL 01%. ember, unusc s . 30s, un unéhax 8d. Dats a March, oi 58 1, 81.28%, Tunchenged: 7.

LIVERPOOL ¥ WHEAT +81; 18% ai $s rll nay

EEE 1 1 25. TE 1

WAGON WHEAT

ity VY grain elevators 2 ‘red, B4c; other gr aden. Lig Tn. Cash corn. ' new No. 2 ade) SnD ‘4le; Oats

Curb Stocks

By United Press’

stocks a Steady. 17, 0. 2 P )—Curb

NE Dec. vi ste uncha corn

Close ’ Crens

Amiceioan Si Arkansas Super, Power a : Ar ansas Sjatural Cas A ii Ivices "enn piccirie 5 & ‘Minit : ore n Siagara Hudson * 0 ‘ United Gas Ry

. By Valine Pos ‘BoxD PRICE INDEXES

Two years 250. 910 5

1938 high ..... 948 1936 1oW ..c00s 90.0 - 1935 high saves 91.4 . 93. 1935 ‘low ...... 83.6 "210 83. (Copyright, 1937, ‘Standard Statistics Co.) opened steady Dec. 17 ar v. ‘P.y:~Bonds

5

: Net em onxage | iy

hy Bhi & ie West Shore y

surge fo as : levels was halted at 91% cents for

oYDiANArOLIS GLE CLEARING mouse

a

: fire in recent history ne picture was made as e. four-story Hahn & e shopping district. available piece of apparatus in the City was ‘conflagration which

: constime, “Qo. shoe store in ‘the heart of i

Every. | tomseniratel here w ‘bate

Satibed damage’ estiinted at from $600,000 to 1; 000,« 000; Goldenberg’s Department Store, adjoining Hahn's narrowly escaped being ignited, and sustained water "damage ‘tO, basement, stock of thousands of dollars “worth of Christmas merchandise. The fire was directly across from the Washington Public Liray, the white’ marble building to the left.

The Duke of Windsor was a guest at the Anglo= - ‘American Press Association annual banquet in Paris | recently. -Although- the. Dike -tgliked unrestrainedly - with other guests, his remarks, of course, were not for publication. The" photo shows the Duke ‘(finger

onored at Press Banquet

cuff), ‘talking to. Sir ‘Eric Phipps, the British Ame. bassador; Percy Philip of the New York Times and - president of the ‘Association looking on. Eric Hawkins, editor. of the- Paris edition of the New York Herald Tribune (back of ‘Mr. Philip) and Inspector Storrier (profile), the Duke’s bodyguard.

Collegians Try.

ALBUQU! U.P.) .—The up-to-date. dang vo-. cabulary of the modern” college campus has. advanced several strides over the «23, -skidoo” : days when.

grandma was “in the swish,” & list]

compiled by ‘the University of New Mexico, student. Rewsgaper; : “tnglcates. :

campus. Goon—A silly or boring person. In the Swish—To be in the know. ‘Hardware—Fraternity jewelry. Jam Sessions—A. noisy free-for-all. 3 Dok. .acquainted.

‘anything. ~ Nub—An unattractive person.

se-~Glood, swell, or almost ,

Pitching Woo—Known as necking, | Yo petting, «

sparking or: -“snuggle‘bunny.”. . . Hang the Hardware or Plant a Pin—Give a fraternity pin to & girl. Quilling—Make up to: your professor. Rum-dumb—An uninteresting

person Sklooking—Unromantic ‘term for

*, ‘the. romanti¢ urge to make love.

Tp; P. or Table Party—Informals. “The. Morgue—Hall where: all ex amination marks are posted. To Jelly-—Soda and: igareite date, Wheel a Sled—Drive | ‘an auto:

mobile. og a BE — Staking

| go POACHERS {| CAUGHT BY PHOTOS|

B. M. O, C.—Big man A on te]

I op laming > rotest’ to Japan Streamlining,

mos 20m the shelves of Er Op IoD Bots me

eration of Labor. President Green addressed the venders inthe: boycott:

T.B. DEATH RATEIN ST. Louis INCREASES

17 U. P P.).—The Liotis