Indianapolis Times, Indianapolis, Marion County, 8 January 1938 — Page 8

dior

PAGE 8

STOCKS ADVANCE IN LIGHT TRADING;

AUTO SHARES LEAD

Foreign Issues and Bonds Follow Trend.

NEW YORK, Jan. 8 (U. P.) .—Automobile issues led the stock market higher in quiet trading today. Bonds followed stocks higher. Governments failed to follow the trend and some declined. Foreign issues advanced. Wheat was firm. Cot-

ton futures were steady. Demand for motor shares followed announcement by Ford and Chrysler that they would shortly resume assemblies and recall many men recently laid off. Chrysler will resume | assemblies on four lines on Tuesday with 55,000 factory employees on the payroll. It was reported Ford would recall 25,000 employees on Jan. 17. Chrysler rose to 55%, up 3% and General Motors gained 13 to 34%. Packard and Hudson made small gains. Motor Equipments joined the rise. United States Steel rose 2's points to 5912. Bethlehem reached 634 up 13: and other steels were up fractions to 2 pcints. Westinghouse Electric jumped nearly 3 points and General Electric gained more than a point. Railroad shares were substantially improved. Non-ferrous metals con- | tinued to advance. Texas corporation was up more than a point. Paramount led amusements higher and its first preferred gained 62 points on one deal. Douglas Aircraft and Boeing were popular. Chemicals gained fractions to more than a point. Sears Roebuck jumped 2 points to 61s. Building stocks rose in light turnover with Johns Manville up 2! at 82.

DOW-JONES STOCK AVERAGES

30 INDU STRIALS, y +2.63 Yesterday —0.76 Week Ago .... Month Age Year Ago High, 1937-38, 191.40; low, 113.64. High, 1936, 181.90; low, 143.11. 20 RAILROADS 31.21 . 30.4% . Holiday 32.36

Holiday ..126.83

40.11 —0.20

Yesterday Week Ago .. Month Ago Year Ago High, 1937-38, 61.16; low, * High, 1936, 59.89; low, 10.66.

20 UTILITIES 21.80

. 21.38 tesbssassaisssess Holiday . 21.9%

+0.42 Yesterday —0.05 Week Ago Month Ago Year Ago High, 1937-38, 37.54; low, 19.65. High, 1956, 36.08; low, 28.63. 70 STOCKS

—0.01 —0.14

40.90 42.47 0.21 Holiday 42.88 40.07

Yescterday Week ago ... Month age Year ago . High, 1937-38, 69.67; low, 38.87. High, 1936, 66.38; low, 51.20. = =n 5

esses ssssrnrtene sessatesrsrnnenes

“secs sssesetiannan

Week's Business At a Glance

AUTOMOBILES — Ward's Automotive Reports: Output this week, 54,084 units vs. 49,550 last week and 92,142 year ago. BANKING — Federal Reserve: Gold stock off $5,000,000 to $12,755,000,000; excess reserves up $110,000,000 to $1,270,000,000; brokers loans oif $45,000,000; circulation off $61,000,000; ratio 80.0 per cent vs. 30.1 previous week and 80.3 year ago. Dun & Bradstreet: Week Jan. 5 bank clearings $5,810,966,000 vs. $4992 - 042,000 previous week and $6,538,195,000 year ago. CONSTRUCTION — Engineering News-Record: Awards this week $49,178,000 vs. $44,989,000 last week and $40,447,000 year ago. ELECTRICITY~—Edison Electric Institute: Week Jan. 1 output estimated at 2,000,000 kwh vs. 2,085,186,000 previous week and 2,274,508,000 year ago.

FAILURES—Dun & Bradstreet: Week ended Dec. 30 high since Jan. 7, 1936, at 249 vs. 209 previous week and 173 year ago; full 1937 year 9022, low since 1920, vs. 9088 in 1936, 31,822 in 1932 and 8881 in 1920.

INDEXES — Moody's Investors Service: Week Jan. 1 business activity 77.1 per cent of 1928 average, low since July 20, 1935, vs. 79.2 previous week and 1089 year ago. Dun & Bradstreet: Week ended Jan. 4 food index off 3 cents to lowest since May 18, 1936, at $2.53 vs. $2.97 year ago. METALS—American Bureau of Metal Statistics: First 11 months world lead output 1724259 short tons; November output 172,180 vs. 164,146 in October; U. S. November lead output 42892 vs. 45,112 in October; 11 months world zine output 1,688,236 tons; November output 157,887 vs. 162,066 in October; 11 months U. S. output 538,140. short tons; November output 49,388 vs. 52,645 in October.

LUMBER —National Lumber Manufacturers Association: Week Dec. 25 output by 541 mills 115,891,000 feet vs. 145,673,000 feet by 546 mills previous week; shipments 115,763,000 vs. 132,059,000; booked orders 140,250,000 vs. 158,786,000.

OIL—American Petroleum Institute: Week Jan. 1 crude output averaged 3,436,000 bbls, daily, off 56,000 from previous week; gasoline stocks 77,201,000 bbls, up 2,854,000. RAILROADS—Association American Railroads: Week Jan. 1 carloadings 457,359, low since Dec. 26, 1934, vs. 460,367 previous week and 588,263 year ago. STEEL—American Iron & Steel Institute: Production this week scheduled at 256 per cent of capacity vs. 19.2 per cent last week and 79.4 year ago; December Steel Ingot output 1472241 tons vs. 2,153,781 in November and 4,424.367 year ago; operations averaged 25.36 per cent of capacity in December vs. 38.22 in November and 76.42 year ago; 1937 total output 49,507,766 tons vs. 46,807,780 in 1936. United Press estimate: Steel ingot output this week 337,000 tons vs. 252,000 last week and 1,050,000 year ago.

ChiRI 4'5s 60

N. Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 Inds. Rails Utils, 82.3 69.8 91.1 69.6 91.1

60 Bonds Today 82.1 Yesterday Week ago Holiday Month ago .... 81.8 Year ago . 94% Two years 92.0 1937 95.0 1937 1936 1936 1935 1935

82.1 81.9 83.5 100.4 94.3 100.7 81.1 100.2 93.3 93.1 83.0

42 100.8 86.5 101.2 69.3 100.4 84.7

94.5 105.9 104.3 106.0 92.3 106.2 103.5 86.4 103.6 10 89.3

10 MOST ACTIVE BONDS Net Month Year

Close Change Ago Ago 30

ago

Anglo Ch N 196%... Seabd 6s 45........ CMStP&P 5s 2000. . Mo Pac 5s 7 Stand Oil NJ 3s 51 101 9935 10134 CMStP&P 5s 35.... 13% + % 12% 353 U S Rub 5s 4% 105% 4 3% 1044 10634 Beth Steel 33s 66. 95 +1 92154 99'% Frt Nor 4s G 46 .. 108 — 15 106 121% Leh Val RR 4s 2003 30% ..... 28% 68

21 11% 454

Bond transactions approximated $3,990,000, compared with $3,917,000 three weeks ago.

GOVERNMENT BONDS Treasury Bonds

U. S.

1943-41 1947-43

Fel Farm Mortgage Bonds 1949-4 103.27 103.27 Federal Land Bank Bonds x Yield

2.64 2.65

103.27

July 1955-45

y ...101 November 1958-38 .. Home Owners Loan Bonds

101.29 101.28 101.17 101.15 ..103.26 103.26

Low Abitibi 5s 53 (M) 60'4 ATT deb 5's 43 Anaconda C 4'2s 50 .... Arm Co Del 4s 55 At TSF cv 4'2s 48 At TSF gen 4s 95 Atl Coast L 4'2s 64 ... Atl Coast L 4s = B & O ref 6s "el Beg 58D 2000. B & O 4'2s 60 Beth 311 FER GO... Bu R&P con 45s 57 ... Bush Ter 58 53 ........ 38 Can Pac Sep oo perp i Cen Pac 5s . Ches & Oh has 9 . Chi Bur Qu 5s 7 Chi In Lou gn 6 66. ChMStP&P 5s 2000 .... ChiNW 43s 49 ChiNW 4s 87

eh euieet

— —

DOONDDOOW NROIOOODOVRDDIONDOOW

| ra : PND OODBDDOBRDDDU

Gen Ac 33 46 ...... Gen Stl Cas 5'2s 49 .. Goodrich 6s 45 ‘ek Goody T & R 3s 9 ... Gt Nor 4s G 46 103 Gt Nor 4s H 46 Hous Oil 52s 40 . Hud Man ref 5s 57 .. Ill Bell Tel 32s 70 .... Ill Cen 4%s 66 ICCSLNO 5s A 63 ... ICCSLNO 4'%s 63 “hh Int Gt N 1st 6s A 52 .. T 58 55 .....

Kresge Fou 4s 45 Leh VRR 4s 2003

cK 51s 5 . MSPSSM cn 4s 38st ... Mo Pacif cv 52s 49 ... Mo Pac 5s I 81

Ni 0 Nor Pacif 3s 2047 Dhle Edisn 4s 65 ......10

Phil Rd Coal 6s Philippine R 4s 37 Port G E 4'%s 60 _.... Postal T & C 5s 53 ... Reading 4'2s A 97 St LS F4s AS50 ..... Seah Air Lin 6s 45 ... Shell Un O 3's 51 ... Soc Vac 3's 50 .e So Pacif col 4s 49 ... 6

Third Av ad} 5 ,80Un Pac 1st 4s 4 United Drug 5s 5 U S_ Rubber Va Ry Co 3%s 66 Wabash 5'2s A 75 West Union 5s Wheel Stl 425 66 . | FOREIGN BONDS

Argent 42s bth) 2 Canada 2'28 Ky serene ]J00% 1007 Cuba 5%8 45 ......ee 74; Italy 7s 51 serbia T1098 Japan 6'2s 54 .. « B1 Japan 5'2s 65 .. Peru 6s 60 11%

CHICAGO PRODUCE

Eggs—Market, easy; receipts, 8138 cases; fresh graded firsts, cars, 22%c; less than cars, 22%c; extra firsts, cars, 23%c; than cars, 223ic; storage checks, fresh checks, fresh dirties, 2 storage dirties, current receipts 21%%¢; refrigerator fests. 19¢c; refrigerator standards, Butter-—Market, unsettled: receipts, 562.730 gross Ibs. 32@32Vc: extras (92 score). 306 31%¢; @33%¢; X score), 31%¢: centralized

Poultry—Market, Sas 3 ee eipts, 3 trucks; ducks, 18@24c; gee se, 2: "bral ickens, 23@25c; ey hatha roilers, 22¢; turkeys, 1s@24c: le horn h 16c¢. Cheese—Twins, k TH " daisies, 17% @173%c; longhoras, REST Potatoe: upplies, Fe te; demand. fair; market, x jradingy 8 tight on account cold weather, Burbanks. [email protected]; Colorado Red Mcciurey $1.40@ 1.521%; North Dakota Bliss Triumphs and Early Ohios, $1.15; Minnesota Russet Rurals, $1.10: track sales, new stock; Florida, ¥ Bliss a S. per ‘bushel crates, Ss. grivals, 79; on track, Hie ‘shipments, 12,

FOREIGN EXCHANGE

NEW YORK, Jan. 8 (U. P.).—Opening foreign exchange :

England, {pound) Eng (60-d. b. r.).. Ln 100% Canada (dollar) 00 63-64 $! France (franc) 0339 i 16 —. Italy (lire) . 62 Belgium (belga) Germany (mark) . .4030 Switzerland (franc) 218% Holland (guilder) . .5570 Sweden (krona) .. .2579 Norway (krone) .. .2514 Denmark rkrone) 2283 Japan (yen) cae - 0914

FOOD PRICES

CHICAGO. Jan. 8 (U. Apple Michigan McIntosh, $1@1. Bs. Sweet oes — Tennessee, bu. hampers, B85@95c. SATTOS IOI. Texas, ATR

rm: | Cable Rates Net Change $5.00% 4.00%

THE INDIANAPOLIS TIMES

eons a ees chee 5 Bs il diss oo

Abbott Lab .... Adams Exp Addressograph Adv _Rumley

s Allied Stores of Allis-Chal

DM J

Re pa DO od i bt HOD

Ag hiyphs Bank Note. Br Shoe ...

tt et 0.9 OO sh pt —

HE BD CO ON et wT BD bt CD CD w x —

pr —-

—- WRN a

p—

Joolen pf. 3

Zin . Zin pr ‘pf. le nda . Anaco Wacable Andes Cop Armour Ill

1.pi.. Refining . . . Atl Ref pf A. 107 Atlas Corp ... 4V Atlas Tack ‘he Auburn Auto.. Aviation Cp...

Ba Lo ct wi... Balt & Ohio... Balt & O pf... Barber Co..... Barker Bros... Barnsdall ..... Bayuk Cig..... Beatrice Cr 1 Beech-N Pkg. . Bendix Avn... Ben Ind Loan.. Best & Co..... Beth Steel .... Beth Steel 7 pf Beth Steel 5 pf Blaw-Knox .. Boeing Air .... 33 Bohn Al Br... Borden . ‘eo Borg- Warner

Bucyrus-Erie Budd Mfg

Burlington M

prongs Bush Term ....

Butler Bros Pratte Cop. .... Byers, A M ...

Cal Packing ... Callahan vor

Carpenter Stl Carriers & Gen ase, J shoe © Caterpillar T 3 Celanese 1 Celotex .. . Cent Foundry . Cent Viol Sug. erro de Pasco . Certain-teed ... Ches Corp .... 4 Ches = Ohio ... Chi FL . | h M StP & P. Hig gd Nd . h & NW ni & Nw Ry pt Chi Pneu T Chi Bn Tool ol. Chi RI&P Chi Yel Cab ... Chickasha C .. Childs ........

City Stores .... Ciark Eq Cleve Graph Br Climax Moly Co Cluett Peab .... Coca-Cola Colgate PP .... Colgate pf

Col Pictures vte. 1433 Com Credit .... 367% Com Inv TL 4 Commonw % 5 Cong-Nairn . Cons Aircraft . Cons Cigar ... Cons Edison . Cons Edison pf Cons Laundries Cons Oi Con RR Cuba vt Con Textile ... Container

a. a

DWrtd BD BW 5 2 »

Crucible St ... Crucible of ... a 0 cen Cub-Am Sug .. Curtis Pub ... curtiss-Wr .... Curtiss-Wr A .. Cutler-Ham

Deere & Co ...

Dist Sea Doehler Dome Mines ... Domin Strs . Douglas Air ... Dow Chem .... Dunhill Du Pont .. , Du Pont deb .. Du Pont pf

East R Mill ... 165 8 3%

Eitingon Sch .. 3%

Net Last Change

+: +++++4+44++4 ++: ++ ec a i +++++ +++ 44H HHH FERRER . w- © . o :

DHE

hh ge CT

++:

HEHE

—

PEERED LE EE

| +:

ed Nha

SO Noe

Curb Stocks

By United Press

Aero Su .“ Alum L oe. THY Alum Co Am... 841, Am Airlines ... 13% Am Cyan B ... 243 Am General . 4% Am Maracaibo. Pr 3% Sa

3% 4

uper .. N Gas A.. Austin vl “e

he 25 .. 30% «312

2 Cities Serv pt. 3 Col O&G Con Cop Mns.. 5" Corda Corny .... 2 Creole Pet .... 27 Cusi Mexic ... DG Ir Fdy... Eagle Picher...

Lockheed Air .. Mich Bumper Nolvbdéntin

unray Of] .... color... [ilo ik

Net High Low Close Change 3% S03

15 MOST ACTIVE STOCKS

Net Close Change 35 13% 1% 3% 23

High . 33 35% 553% 595% oe 124

Low 335% 34 527% 58 11%

Gen Motors Anaconda Cop.. Chrysler

353 551% 59% 12% 6334 4 143%

“reer

Par Pict Beth Steel . 63% Gen Elect ,.... 44% Inspiration Cop 143% Kennecott Cop. 42% 42 Rep Steel 19% 191% Radio Corp Am 9% 7 Warner Bros .. 7% 3% Amer Zinc 8% 8% Interlake Iron. 11% 11% Int Nickel . 49% 491%

FH+++ HERE +4

1n + 1%

Sales approximated 780,000 shares, against 500,000 in the previous Saturday session three weeks ago. Curb steck sales were 110,000 against 112,000.

High Elec Auto bs. Elec Boat Elec Music Ind.

Net Last Change

Evans Prod ...

Fair Morse Fed Min &

d Dep S 1 Fed Dep St. cvpt Firesto Firestone irst N Sirs Follansbee

ac vor 33 Foster Wheel . 2 Francisco Sug.. Freept-Sulphur.

HE HE FEE HE

Gair Robt G Wood Ind.. .

In A Thy ww An TE at

wo Nt Gb Dr EES

CO COI CD C0 ht ht Cd i BD 10 00 CO TH OH

ow oa

- ++ FF

RE i '

Graham- Paige. Granby . . Granite C Stl . Gt North pf .. Gt Nor, 3 “el Green H LL Greyhound Cp Greyhnd 5'2 pf

Harb-Walk Hayes Bdy .... Hecker Prod .. Herc Mot .... Herc Pdr . : Holland Furn . Holland & Son Holly Sug .... 24 Homestake ... Houd-Her B... Houston Oil ... Howe Sound Hud & Man pf Hudson Mot. Hupp Motor...

Ill Central ... Hl Cent pf.... Indian Ref Ind Rayon Inland StI .... Inspiratn Tr: Inter R EY Inter Iron Agric .. Ag pr pf... Bus) MM ... Harvester. . Hyd El A. M Marine.. Mining... Nickel P&P

Et a a a I a a oS

D Island Cr Coal

Jewel Tea Johns Man ....

Kan C Sou .... Kaysey Jul .... Kelsey Hayes A Kelsey Hayes B Kennecott hh Keystone stl Bresge SS

Kress ikl Kroger G&B ...

Leh V Coal pf. Leh Val RR . Lehman Lerner Strs ... Libby Mc&L

Lima Loco Liq Carb Loews Loft, es Long Bell, A Loose-W Bis Lorillard EN Ludlum Stl ..

PEERED REE FH ; a

+++]

MacAn & F ....

ErSREE RB # NN x A i RR

McIntyre Porc. McKeesport ve McKes & Rob McKes & R pf. McLellan St ...

bet FEFSFFEFRRE AF BO oe bet ft GD

Rd FREE FLEE EEE EEE EE EE EE

DOIDBD wr yi et Oe OV CP «TBD «3 w

por

FEREIFFESR A

- NS

BO =

Midland Stl Minn Hny ... Minn Moline SP SSM ... Mok Tex Mo-K Tex pt. . . Mo Pacific .... Mohawk Cp .... Monganto

TBI DI J = 3 Fa

I. rd -

axShe &3 FRR

- Na

Mullins Mfg “unt

Murray 6%

LOCAL ISSUES

(By Indlanapolls Bond & Share Corp.)

The ual big quotations do not represent actual s or offerings, but merely indicate the approximate market level based on ho ng and selling inquiries or recent transactions

30 Bid Asked i ske Citz Ind Tel (TH) 4 3 : - ..101 10 H Tel & Tel Ft W X ..103%2 10 H Tel & Tel Ft W 6 @ seve 104% he Asso Tel 4%s 8 1 nd Tel Co 55 60 .. Ind Railwa, me 5s 67 nterstate Tel & Tel as 53. ndpls Water Co 3's Kokomo Water Works %s 38 102}

5s 87 . jeymour Water Co 5s “ . EH Water Work bei ater Works 5s veal H Water Works 6s 49 ..... [rac Term Co 58 57 ........ 54 STOCKS

ciarees 50% .. 52

gel 1% 107 v Co 6% pfd ..... nd Hy ro Elec 9% pid ...... ndpls Gas com ndpls P & it. ndpls Pwr & Fhdpls Water cs Lincoln Ntl Li R Mallo

d 6% ..... 82 id sh: : Va Si 10 s Coe com . «1

van am hl we

thy MB Ont & Gb vestment

FINAL NEW YORK STOCK QUOTATIONS

By United Press

Net Last Change 117% 12% 20 17%

17% 18

Nan! id N

FESR

Nat Supply Penn Nat apply $2 pf

Tt COND tt a

No Pacific ..... Norwalk T

HHH HERR EEEEER EEE

HEHE

Qutbra’ Ill Glass

Pac Am Fish .. G & El

Pac ‘ei Pacific Mills Packard Panhandle Paraffine Co Paramt Pict . Para Pict 1 pf’ . Para Pic i pf ..

tt a oo ° aa

Ww Dd PN POW Wr Wr Det ANID ™ EEE

Pathe . Patino Mines ae Peerless cee Pen Ford ... Penney ......:: Penn D Cem .. Penn D C pf 3. Penn . Pet Corp Am .. Pfeiffer-Brew . Phelps Dodg ... Morris

—

Ed a 2

Pitts Coal . pitts Sc & B tts Stl ves Pitts United Plymouth oil

Po Port Ric-Am Be Postal na: Press Stl Car . Press Stl 1 pf . Press Stl 2 pt. eG. Public Serv .... Pub Ser 5 pf ... Pullman 3 Pure Oil ...... Purity Bak ..

RadioReading Rem- Sand

Reo Mot Repub Stl . Revere Cop .... Revere A ...... 3 Reyn Spring ... Reyn Tob B ... Richfield Oil ... Roan-Antel ... Ruberoid 2 Rutland pf ....

St Schenley Dist “e Seabd Air Seabd oil Roebuck.

Simms Pet Skelly Oil Smith A O_.... Smith Cor T cts Snider Pkg Socony Vacuum

South Pac South Ry South Ry of ... Sparks With Spear & Co ... Sperry Corp ... Spiegel Inc .... Std Brands ....

Ft HH

Oil Ind . vee 8 Oil Ster) Prod © Stew War. ..... 10 Stone & Web .. 2 Studebaker ... Sunshine Min “93 Superhtr vas 2804 Superior Oil 161s Syming-Gould xw 7%

+H EFF bE

Tenn Corp 77% Texas Corp 43% Texas Gulf Pi Prod J . 21 9% Thermoid . o 4 Thompson Pr . . 147% Thomb, Star ... 33 Tide W A Oil . 147% Timk-D Ax ... 12% Timken R B .. 43 Transamerica . 12% Trans&West Air 6'%2 Tri-Cont “hes 41; Tri-Cont pf . 811s Truax Tra . 6's Truscon Stl al 20th Cent-Fox . 23% Twin Cy RT . 4% Twin Coach 9%

DERE EEE

. 102 76

cific Un Alreraft ‘Cp Un Air Lines

DEIR EE EE

U 8 Gypsum ...

U. S. STATEMENT

WASHINGTON, Jan. 8 (U. P.).—Government expenses and receipts for the current fiscal year through Jan. 6, compared with a year a ph This ast Yea 3 987, 131, 837, 51 $3. 663 31, 859. 89 ,979,726.94 2,235,051,918.42 1,427,159,934.47 1,938,833,876.61 1,420 .974.286.00 34,457,792,636.66 . 12,755.034.017.28 11,270.573,997.59 2, 306,517.97 7H 016,715.71 Today's Sale Total Pur $8,279.20 $1,222,737 173.02

Expenses . Receipts. .. Deficit

Gold res. Customs...

Inac. gold

INDIANAPOLIS CLEARING HOUSE Clearings ..$3,126,000 Debits 9,902,000

BANK STOCKS Bid Asked Bank of Manhattan 213 23% Bankers us "eh Bank of Ree York Trust Brooklyn Trust Central Hanover Chase Chemical Commercial .. Continental .. . Born: hangs “ene.

Em Foner National Guana anty .. rv Manufacturers National City Nor ic York Trust . . Title Guarantee Hebi Liusbniie Bank of America

LOCAL PRODUCE

Heavy breed hens, 42 lbs, under 4'2 lbs, 1ld4c; heavy springers, 1!% leghorn springers, 12 |bs., and over, 15¢: heavy stags 13c: leghorn stags llc; bareback broilers, 15¢; old roosters, . Eggs—No. 1 strictly fresh country run, 19¢: Beach full case must weight 55 Ibs. gross; a net deduction of 15¢ for each full case under 55 lbs, 0, 3 seo 1, 32%: No. 32, Prices quoted by the Wadley Co.

SEC HEAD CAUTIONS STOCK EXCHANGES

HARTFORD, Conn. Jan. 8 (U, P.).—William O. Douglas, chairman of the Securities and Exchange Commission, said today if the nation's stock exchange did not adopt a program of rigid self-regulation the only alternative “is for the Government to step in and do the job itself.” Such a self-regulatory program, Douglas said in a bond club addre

and up, 18c: leghorn hens, 12¢: 1bs., and over, 18c;

“can become effective if : | wants ik” oy

mp hs col——

Net Last Change

coaaaaqaaaaq Nphhnnhng

EE)

va-Car 6 pf .

Wabash

PROWL ct 3 =»

—

TTB TO BI TCD =I we OO SFE

+1 HE EE 4 EL

Warner Bros Warren Br .... Wayne Pump .. Web-Eisen Wes Oil & 8 .. West Auto Sup Md

Cd BN Mee CRC CRC Pte pe

Weston El In . Westvaco

Willys Willys Ovrind pf Wilson & Co .. Woolworth .... Worthington ... Wrigley

of “+ + 1 + 4

Yellow Tv ..... 11 Young 8 & Ww . Young Sheet

Zenith Rad ... Zonite .........

Chicago Stocks

By United Press High Low Abbott Lab .. vere 8% Adams Oil & Gas. evens BY Am Pub Serv pf........ 53 Armour & Co. .....uus. Aro Equip Corp....eees Berghoff Brew Bliss & Laugh. Borg Warner .

Bruce E L Burd Piston R. Butler Bros ... Cent Ill PS pf. .. Cent Sta P&L pf... SW Ut

W Ut pf Cent & SW Ut ol pf.. Cherry-Burrell Chicago Corp ‘ Chicago Flex Shaft .... Chicago N W Ry... Chicago Rivet ....... Chicago Yel Cab Cities Sony ‘i Chub Alu seases Gomwith Medison’ Comp Ind Gas .... Cord Cor CaniRehm ‘Drug Dayton Rubber .

Close 38% 6's 53 6% 6Va Va 18'2

Fuller Mfg Co ... Gardner-Denver Gen Finance Gen Hshld Ut Goldblatt Bros Gt Lakes Dredge . Heil>man Brew Hupp Moor Ill Brick ves Ill No Util pt’ vel Ill Cent R R .......

La Salle Exten Libby McN & L Lincoln Print ‘e Lion Oil Ref . Marshall Field McCord Rad A .. March & Mfg A Mickel Food Mid West Corp ..... Mid West pf ww .... Modine Mfg *ah Noblitt-Sparks . Nor W Ut 7 of ..... ‘er Wiront Process Corp ... Pure Oil Co Quaker Oats Rollins Hos . St Louis N 8 Yds .. Sears-Roebuck Serrick Corp B .. Signode 8S cm pt Sunstrd ¢h T Swift

P & L non-v "ear Ut & In cv pf Wahl Co . Walgreen Co ... . Wieboldt Stores ....e.. 3 Wisc Bk Shrs Woodall Ind ... Zenith Radio

INVESTING CO. S

Bid Ask Ad Fds 2d 12 03 16 0 instil Securit Ltd. mir width PROB 1d 1h am HC 19: 9 1.50 ns Gr ? of .78/Ins Co Del a 10.45 J][Inxest Bank Corps. B Bl 30

shennan

87 16. 331 Key CFB2 03 CFB3 01

24. 2 CFK1 5.42 14.72| CFK2 .26 405 » C 34 .40| CFs4 94 5.00 Ma) 8 25 .87 .63

: S3Bwmon: 111 B WD PD . ve

F Fixed ™ “A : 0

Fnd Ber A 3 2 Fnd Inv I 15.96 Fnd Tr A 4.55 B 4.14 Gen Cap 2% 13 Gen In Tr 4.66 Group Securities Agric 1. 3

|St St Iny -32/8up Se A

"ge Auto 84/8u AA Chem 3 IH 1.27 po Food 15 3 3S new javest Sh .73 Tr 8t Inv C

9. 'D 1 Ber 8t OA 117." 8B ) 86! 1x Am Bk B . 1. 29 Tt Ind . 1. 93 USER APA 1 13.

well’ Fd

PROPOSED RATE RISE ARGUED IN ATLANTA

ATLANTA, Ga, Jan. 8 (U. P).— Testimony favoring a proposed 15

per cent increase in railroad freight rates began today at a hearing being conducted here by the Interstate Commerce Commission. Appearance of proponents of the increase followed testimony by numerous shippers who opposed raising the freight rates on grounds that such an increase would divert additional traffic to motor vehicle transportation lines. B. M. Edwards, executive vice president of the South Carolina National Bank, said he considered the 15 per cent increase desirable because of a revenue necessity on the part of the railroads.

OTHER LIVESTOCK

LAFAYETTE, Jan. 8 (U. P.).—H Ma rket, 5 to 25¢ higher; bulk 150

WANNORNNAWD | NE WD 30 =H “ » 5 AR nn

Hur Corp .33 Incp Invs 16.58 .... 12.

$8.50 down. Roughs, $6.75 Calves, $11.50@12. ony

SAFE DEPOSIT BOXES

* The *

Indiana National Bank of #

wn. 388.25.

WHEAT FUTURES FIRM NEAR END OF PIT SESSION

Coen Goes Lower After Drip In Buenos Aires Dealings.

CHICAGO, Jan. 8 (U. P.).— Wheat futures firmed toward the end of the session on the Chicago Board of Trade today after moving somewhat erratically on both sides of previous closing levels. At the close wheat was 1% to 112 cent higher, May 973 cents; corn was 1% cent lower to ?s cent higher, 623% cents and oats were !'s to lz cent higher, May 32% cents. Opening prices were steady to a fraction lower under the depressing influence of losses in foreign markets. Trade was light and mixed in character and the market improved when small gains were chalked up at Winnipeg. The rise attracted cumbersome offerings and prices sagged, recovering in later trade. Export business in North American Wheat was reported to have been of extremely small proportions. Corn was lower at the start after a sharp downturn at Buenos Aires. Reports of good rains in the Argentine overnight caused many to hope that some corn has been saved from deterioration. Export business amounted to about 500,000 bushels. Chicago shippers were notably inactive during the early part of the session. There was scattered. selling but prices showed little change, clinging close to yesterday's close. Liverpool was unchanged to % cents higher at the close, prices easing under hedging pressure and profit taking. Week end covering brought steadiness into the market. Poor response to offers of American dark hard wheats has been attributed to unsatisfactory financial conditions abroad.

CHICAGO GRAIN RANGE

Low Close 9553 § .97 .89'2 912 90%

823s 823s 62%

32% .30%s .30'sb

Prev. Close 6%g .90 .887 6274 625g 62 32% 30! .30

161% 1078 99 99

Ya §

OD ed pr @ nN ®

NOD Do a= » oT

pe oT

Af 9 A

oon Lem ow

ay .a 9.27 (a)asked: (b)bid.

CASH Wheat—No sales : heat No. 3 axed, 5934c: No 57154 581>c; No. 5 mixed, yellow, 62'>c; No. 3 yellow. vellow. 58m 60c; No. 5 yellow, ‘hi

4 mixed, : 0. 2 , No 4 53

4 white. No. E50.

. 3T@57! jample. \

\ 3515 2@36¢: white, 3515735" ,¢; No. 3 white. 3315 35¢. — sale : Rye_—No sale 43@62¢c: malting, 704 208 Sovbeans—No. 3 yellow. 94%;c, Timey \y Seed, $2.6072.95. Clover- ~Red, $3 2 3 Sweet, $9.25@ 10. § Provisions—Lax 8.10c hominal: loose, 8.37c bid: leaf, 8.25¢ nominal; bellies, 10.37c nominal.

ARGENTINE NE GRAIN BUENOS AIRES, Jan. 8 (U. Ee opened irregularly lower. —February, $1.10 0 8C, $1.11' Lg Corn—Jan., ; aC off 175c: February. 87c, off 1%sc: May, 657ac, off 17scC. Oats—Spot, 3lc, up 2C. Flax—February, $1.367s, off 3sc; March,

$1.37, off lac.

WAGON WHEAT . ain elevators are payin for No. on Bic Mot her grades on their merits. 2 ah corn. new No 2 yellow, 48c. Oats. 28c.

‘| COMMODITY PRICES COTTON

High senses 8.45 8.

Oats—No

P.).—Grain Wheat March, 877s¢C,

prev. close January 3.43 8.53 8.57

January

783 7.43

YOUNG HOOSIER HELD BY ARIZONA POLICE

DOUGLAS, Ariz, Jan. 8 (U. P).— Robert Carmichael, 16, Harrodsburg, Ind. was in jail while County and State authorities investigated his possession of $250 in “baby bonds” issued at Santa Ana, Cal, to Russell Barkley, Marshall, Mich. reportedly missing. Deputy Sheriff Jack Lasky said the youth, a high school sophomore, was taken into custody Wednesday night by border inspection officers at Apache, Ariz, on the New Mexico state line because he had no ownership papers for the car he was driving. No charge has been filed against him. Carmichael told officers he met Mr. Barkley at Bloomington, Ind. several days ago. Mr. Barkley reportedly asked him to drive one of two cars he had to Santa Ana, where he wanted to establish himself in the fruit packing business. The youth said he “became separated” from Mr. Barkley at Ft. Worth, Tex.

FALL INJURIES FATAL

Charles Ruess, 57-year-old farmer of Route 4, Franklin, died in Methodist Hospital today from a fractured skull received Wednesday when he fell from a haymow in his barn. Dr. Frank Ramsey, deputy coroner, investigated.

SATURDAY, JAN. 8, 1938

Porker Prices Reach $9 Top In Light Trade

Hogs reached into the $9 cole umn today as a moderate Saturday run met with an active reception at steady to 25 cents higher prices, according to the Bureau of Agri= cultural Economics. Weights scale ing upward to 300 pounds, were un= evenly 5 to 256 cents up, with heavjer weights unchanged. Today's trade was also featured by a ree vamping of the weight schedule on offerings upward to 300 pounds. Top was $9 for best 150 to 170-pound averages, Packing sows were most ly steady at $6.25 to $6.75 for the bulk, with a $7 top on good lighte weights. Compared with the close last week, barrows and gilts scaling up= ward to 250 pounds, are unevenly 15 to 35 cents higher, with heavy=weights 45 to 55 cents up. Packing sows gained 15 to 35 cents, light= weight offerings showing most upturn. Today's cattle trade nominal, Compared with the close last week, plain and medium steers and year lings are 25 cents higher, better grades mostly strong. However, strictly good and choice kinds were scarce. Lightweight heifers around 700 pounds and under ended fully 25 cents higher, instances 50 cents up, while heavyweights moved strong to 25 cents higher, Cows ended strong to shade higher, low cutiers and cutters showing the best ace tion, although there was an ime proved outlet for fat offerings. Bulls closed fully steady, as did also stockers and feeders. Best 1015-pound steers during the week graded low choice at $9.35, a few loads, $9 to $9.25, with numerous consignments from $8.25 to $8.85 and bulk of the plain to medium lightweights from $6.75 to $8. Best heifers in load lots ranged from $7.25 to $7.50 mostly, odd head above, with bulk common and medium kinds from $5.75 to $7, Closing bulk on low cutter and cute ter cows was mostly $4 to $5.25, fat offerings to $6 and occasionglly above, although best cutter cows often outsold common beef offerings in the rush for boning material. Top sausage bulls made $6.75 with the week's bulk $5.50 to $6.50. Today's sheep trade was nominally steady. Compared with the close last week, both lambs and yearlings are 25 cents higher. Closing top on fine ished fed Western lambs as well as

s | choice natives was $8.75, best year-

lings stopping at $7.50. Slaughter ewes closed with a 25-cent gain to top at $3.75 for choice lightweights, HOGS Bulk 87.75@ 1.

Top

$8.50 5@ 8.50 7.50@ ¥.3: 8. 8 7.56@ 8. 8.6 3 6u@ 8. 8. 7 75@ 8.90 9.00 Barrows and. Gilts— (140-160) Good and and and and and and

Receipts

choice § choice . choice . choice . choice. . choice . choice. .

(200-220) (200-250) 1250-290) (290-350) Packing Sows— (275-350) Good (350-425) Good (425-550) Good (275-550) Medium Slaughter Pigs— (100-140) Good and choice.. Medium CATTLE

—Receipts, 25

Choice .... Choice ...

NP ARAR ~I~300%00000 0 DIED adie DDD SUON NOOIDDSOD 09 2933 939399 PX ARABI IPPBX Pd DDID BRI g CU OVe O09

Steers— (750-900) (900-1100) (1100-1300) (1300-1500) (750-900) (900-1100) (1100-1300) (1300-1500) (750-1100) (1100-1300) (750-1100)

SONNOD

033993998939

ft fh fh ph

Medium Common Heifers— Choice

SIBRDIISOO® JVINIAS IAD 23000 sD DAD ut 1a bt PPD INIILDD S333an3aa33

(550-750)

(750-900)

(550-900) Common Cows All Weights— Choice . Good ... Medium Comm “en Low cutter and cutter .... Bulls Yearlings excluded (all weights) — Good (beef) : 3) (All weights) Medium Cutter and common Vealers —Receipts, 50— (All weights) Choice (All weights) Good .. (All weights) Medium Cull an

raensens

tpt 2005 a ————

soam ach 2383

8333 233%

common ......

8333

2999

tennne

C (250-400) Choice (250-400) Good (250-400) Medium (250-400) Common

Feeder and Stocker Cattle

Steers— (500-800) Choice (800-1050) Choice (500-800) Good .. (800-1050) Good .. (500-1050) Medium (500- 1050) Common Heifers (500- 750) Good and Doe . Common and mediu

SHEEP AND LAMBS Receipts, 500

298 PE © BI

oa oaa3aa 3% 3833833 12d

88 Sbagug

Lambs— Couite

Good and choice .... teenen Common and medium ‘evens

CHICAGO, Jan.

3 (4 P.) .—Hogs Receipts, 11,000 includi =~ may ket steady: ing 10,500 directs; op.

ve mak ry few sales; around

Cattioy Receipts 500; calves, 100; steady; fed steers and AIL Steady! closing trade active; cutter cows [email protected] : sausage bulls $6.50 to $7.10; cutter aos cows and bulls 25 cents higher; beef ows steady: vealers, Steady: extreme top weighty steers, $11.75; yearling, $11.25; feeder cattle

heifers, $0.50; stocker a active, $6 to $7. n niarket, steady; to 10¢ higher;

Sheep—Receipts, 2500; fat lambs closed strong some 15-25¢ higher; yearlings ag slauche ter sheep strong to 25¢ higher; week's top Saughtes Ta 4 15; final top, $8.85; yearlings, $ 5% slaughter ew \ Jan. "§ (UV. P.).—Ho Market, 15 cents higher; 140-160 bs. $15:

pe oma BIBS BO-~I-303 Gh ovrrn we a-ame Na aang Ge Uae

top

$7.45; 120- 140 1bs., Roughs, $6.50; lambs, $8.50.

. bs., 58.35. . ‘stags, $5. 25; calves, $13;

Pr.

MORTGAGE LOANS

Favorable Interest Rates and Payment Plans No Commission

The INDIANA TRUST COMPANY

MEMBER ' PEDERAL DEPOSIT INSURANCE CORPORATION

The Oldest Trust Company in Indiana

Allied with THE MERCHANTS NATIONAL BANK