Indianapolis Times, Indianapolis, Marion County, 15 January 1938 — Page 8

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PAGE 8

NEW YORK STOCKS HOLD ADVANCE AS VOLUME LIGHTENS

Short Covering Is Impetus to Gains.

NEW YORK, Jan. 15 (U. P.).—The stock market rallied spiritedly today and scored gains ranging to more than 2 points in the main list. Most of them were retained although volume lightened

near the close. Bonds were strong, notably U. S.

Government issues. Cotton futures | were steady. Wheat firmed fractionally. Main impetus for the rising stock | market was short covering. Many | who had sold the market anticipat- | ing a substantial technical decline | werz unwilling to risk remaining short over the week-end. The Street looked for the President's |

N. Y. Bonds

By United Press BOND PRICE INDEXES

20 20 20 60 Inds. "Rails Utils. Bonds Today ...... «. 8209 68.2 95.2 82.1 Yesterday ..... 82.8 68.4 95.4 82.2 Week Ago ..... 2.3 69.8 94.1 82.1 Month Ago .... L4 aN 94.2 82.7 Year Ago ..... 94.8 101.1 1059 100.8 Two Years Ago 92.8 89.0 1048 95.6 1937 High ..... 950 101.2 1060 100.% 1937 Low ..... 80.1 69.3 22.3 81.1 1936 Low ..... 04.8 1004 1062 100.2 1936 Low ...... 90.0 84.7 1035 83.3 1933 Hizh ..... 9.4 86.4 1038 83.1 1935 Low ..... 83.8 710 89.3 83.0 10 MOST ACTIVE BONDS Net Month Year Close Chg. Ago Ago Erie RR 3s 5 ..... 203% — 14 49 89 PostalT&C 3s 53 ... 18 4 3% 103 44 | Erie RR 5s 67 ..... 21's 4 1x 49': 89 SouthPac 4'2s 81 . 61 4 12 63% 9634 PhilippineRy 4s 37. 19'%% -1'4 113% 23% Wilson Co 4s 35 ...100 4 1% 973% 10234 Balt&Ohio 42s 60... 28 41 36 8 AUICStLL&EN 4s 352.. 31% —1'2 .. 105% ChiBrQuinecy 3s 1 1074 — 34 109 119 ChiMStP&P 35s 75... 13 4 12 11'2 343% Stock transactions approximated

defense message early next week to | $3,820,000, compared with $3,990,000

be bullishly construed.

Best gains were in metal shares, motors and oils. Some activity de-

a week ago.

« Treasury Bonds

veloped in armament groups, air- | High Low 943-40 Ju ...... . J plane and sRipbuilding, but prices fis 1943-4 43 Su Crees .:j0e$ 108° there did not move as rapidly as | | 23 5 1947-45 .........104.17 104.17 s 1956-46 111.10 111.10 they did earlier in the week. 3 ; 148-4 10.3 193.39 gl Were sifong rider Jose of | is 1982-47 TS is . S w reach 23s - . . s B pe Ie o ed oo 3s UP | 5: 1953-48 00.3 99.31 3. ethelehem sold at 653% , up| 2s 1954-51 101.22 101.18 i, RS IN Chrysler spurted to 63!s, up 4!s | 3058 1939-56 101.11 101.11 and held most of the advance. Gen- | Federal Farm Mortgage Bonds 1 op 138 1047-43 ......... 104.17 104.17 vl Mogors reached 0 be Jo 1 513 1 hebben 106.12 104.12 utomobile equipments made sma Home Owners Loan Bonds gal. : Smelt to 553 27s 1040-39... 102.11 102.11 erican Smelting rose to 553i, |2'as 1034-42 ......... v a wi he 135 105h.04 co ..iis. 4.10 104.1 up 2%; Anaconda 36%, up 1%; llc Ts.k elo Kennecott 425, up 13%, and Phelps Federal Land sk Bunks d Dodge 30!2, up 1%. Home Stake 3s July 1955-43 Carian, 1023 108 ini y i 15 S an. «20 coins Alining made a new high at 59%, [38 {PL 1956.46 .......102% 103 up 2%. 314s May 1955-45 .......104% 104% —, id July 1946-44 PRED 111 1110 y + » s ay 1958 ....ivenen 8 DOW JONES STOCK AVERAGES | (i, Nov. 1958-38 ....... 1027s 103% 20 INDUSTRIALS . DOMESTIC BONDS Today BatbbibiabbiaobbRbLLe 134.31 12.4% High Low Yesterday ...... Seabatenunn 131.88 0.4 Abitibi 5s 53 (M) .... 58 : 5 Week 220 ........ MrLstenaies 130.84 2.63 Am & EX x P 5 2030 *+s3 a '" ih 9 + £ e 2 “ee 4 a Month ag0 .....iuevvnissns 126.63 1.65 | AL nde JC 41h 50 ..105 & 104% Year ag® ........ieisiienes 185.33 + 1.20} Arm Co Del 4s 55 9312 93'4 High 1937-38, 191.40: low. 113.64 : Isr Xa oS 18: 10s: i . S . 2 a High 1936, 184.90; low, 143.11. Al ase: a 5 9212 92 20 RAILROADS B & 3 ret & S el i, 36% ¥ 103% 1 re Ss . 2 « 4 Today thikbthuchbathuiEhty 32.33 0.3 B & O 44s ' 28 27a Yesterday ......v.uvveeinnnin 31.96 0.15 Bell T Pa 5s C 60 127: 12 Week BBB ...ivsssuisisesinss 31.21 40.31 Beth Stl alas 60 5 10: 7 19 T% Month 280 .....coseeserieiss 31.91 20.48 Bu a Fath Ms on. 0 5 a Year BZ0 ...u.iiuiivinisiin 56.31 40.65 an pas Seb perp . 8 w 2, High 1937-38, 64.46; low, 28.91. en Pac 5s 60 - all 2 High, 1936, 59.89; low. 40.66. hee & Onl es. a Pi 20 UTILITIES i Bur Qu 5s 71 101 % 10% 0) WOHRY ..uovrusensasrersunsens 21.55 —o.05| Chi East I 5s 51 .... 16% 185% Yesterday ....csecnsenes ervey 21.80 2-003 Ch M St P& 5s 2000... a ala Week ag0 .......sv0s PTR 21.80 --0.42| Chi N W 4%s 49 ...... 8 2 4 3 3, Month age ........ “ishesans p56 +onChI NW Is 81........ 154 154 Year a0 .......ssocssscsuens 37.26 +0.21 hi BR 1 ref = Sack oa nt High 1937-38, 37.51; low, 19.65. Chi n S$ 82," 3, 5 High 1936, 36.08: low. 28.63. Ch Un 1 athe a1 aons 101% 79 STOCKS Clev on, Jers Bet 100): o. 2 9 ev er 428 V7 .... a /a Today Lats hstbiLibahihiiiiye n.1 Dh Cons Oil 3's 51 s Yesterday ....ocosteccassioss 43.80 +90.12 | Cons Edis 3's 56 A Week ago .....vvun PheLsbienn 43.37 40.9% Eons Bis Shs % 46 “ahh Month age .......... Chasis 42.39 40.33 onsu_ Pw A Year age ......ii.ouiiiihniie 60.80 0.50 Day the 14 60

low, 38.87. 31.20. »

High, 1937-38, 69.6%: High, 1936, 66.38: low, “

Week's Business At a Glance

AUTOMOBILES—Ward’s Automotive reports: Output this week 65,735 units vs. 54,084 last week and 85,703 year ago.

BANKING—Federal Reserve: Gold stock unchanged at $12,755,000,000; excess reserves, $1.390,000,000, up $120,000,000; circulation off $115,000,000; brokers loans up $8,000,000; ratio 80.1 per cent vs. 80.0 last week and 80.3 year ago. Dun & Bradstreet: Week ended Jan. 12 bank clearings, $4,912,502,000 vs. $4319,678,000 previous week and $5,945,371,000 year ago.

CONSTRUCTION — Engineering News-Record: Awards this week $42,590,000 vs. $49,178,000 last week and $43,889,000 year ago. ELECTRICITY — Edison Electric Institute: Week Jan. 8 output 2,139,582,000 k. w. h. vs. 1,998,135,000 previous week and 2,224,030,000 year ago. FAILURES — Dun & Bradstreet: Week ended Jan. 6 most for any week since Jan. 9, 1936, at 268 vs. 249 previous week and 177 year ago. INDEXES — Moody's Investors Service: Week Jan. 8 business activity 76.7 per cent of 1928 average, low since July 13, 1935, vs. 77.1 previous week and 106.7 year ago. Dun & Bradstreet: Week ended Jan. 11 food index $2.53, same as previous week which was low since May 18, 1936, vs. $2.99 year ago. Iron Age: Capital goods index week Jan. 8 low since late 1934 at 51.1 per cent of 192527 average vs. 54.7 previous week and 950 year ago. LUMBER — National Lumber Manufacturers Association: Week Jan. 1 output by 505 mills 83,847.000 feet vs. 117,820,000 feet by 562 mills previous week; shipments 129,105,000 vs. 116,731,000; booked orders 134,145,000 vs. 141,541,000. METALS—Handy & Harman: 1937 world silver output 276,000,000 fine ounces, record high, vs. 250,700.000 in 1936. American Bureau of Metal Statistics: First 11 months world gold output, excluding Russia, 27,278,000 fine ounces vs. 25,499,000 year ago. NEWSPRINT—News Print Servjee Bureau: 1937 North American output 4,943,717 tons, record high, vs. 4,439,876 in 1936. OIL—American Petroleum Instistitute: Crude output week ended Jan. 8 averaged 3,437,100 barrels daily, up 500 barrels over previous week; gasoline stocks rose 2,040,000 barrels to 79,331,000. RAILROADS—Association Amer-

fcan Railroads: loadings 552,314 vs. 457,359 previous

week and 700,046 year ago. STEEL—American Iron & Steel Institute: Production this week

Det Edi 4s 65 Erie ref 5s 75 .... Erie ref 5s 67

f 5s 57 1 Cen 43s 66

Int Hy EI Int T&T 5s 55

Lou Ark Ry 5s

Nor Pac 3s 2047 Ohio Edisn 4s 65

Penn Co 4 a P&L 455 81 Penn RR 33%s 70 Penn RR Penn RR Penn RR 4's 84 Phil Rd Coal 6s 49 Ehilippine R, 4s 37 t G E 455 60

So Pacifis 45s R81 So Pacific 41.5 #8 Sou Rwy 6!5s 56 So Rwy 6s A 56 Sou Rv

Stan Oil Third Av

\ OS Va Rv Ca 33s RR Whash 515 A 75 Ww avy S58 ¥1 ... West Union 55 60 Whel Stl 4'2s 66

Argent 414s 71 Australia 5s 55 Bran 615 26-57

Ts 51 Japan 6'~s 54 Japan 5's 65 Peru 6s 60

High cor 12% we 84 . 26% Am Maracaibo . 1 Am Super . .. 1 k N Gas . 4% Austin Silver .e Sa Barium Stl .... 3%

Bellanca Air Berkev Gay Fur i Can Marconi . Carrier Corp .. 317 Centrif Pipe ... 3% Cities Service .. 2 Cities Serv pf . 32 Col O & GG ... 4 Con Con Mns . Qon Ret St. ....

ble O Week Jan. 8 car-|. on Oil

scheduled at 278 per cent of ca-! pacity vs. 256 last week and 788 year ago. United Press estimate: Steel ingot output this week 366,000 tons vs. 337,000 last week and 1,042,000 year ago. TRADE—Dun & Bradstreet: Retail this week 2 to 5 per cent over last week and 2 to 6 per cent over year ago; wholesaie 3 10 10 per cent ver year LL

ICCSLNO 5s A 63...... ICCSLNO 4'ss 63.... 6s 44.....

MSPSSM cn is Sasi or

Mo Pacific 55 F 77 .... Nat DP 334s 51 ww....

Pac Gas & El 4s 64 ..1 S

n 415s 65 ... ius D 81 ...

Por “es Postal T & '& se 8% vere Reading 4's A 97 ....

Shell Un O 3's 51 ...

Hu i Bel Tel ge 90.....10

f8 . 093 FOREIGN BONDS

Curb Stocks

By United Press

Net Low Close Change

72 83

w OD Det tt SBD Pa a FEES

a oa

92 + 1% 84 28% ¥ x Lees 45 . 55 —1-16 2% + % 4 raeh 1h .. 1% 3% ¥1% — 2 : 30 eee 4s Ly 6. + % 3 + % Fy rn + % 1s, + 5% 19 + Ia +1 IY, +1-186 POY -— — % og + % NE 3 La So oJ

sell:

THE INDIANAPOLIS TIMES

FINAL NEW YORK STOCK QUOTATIONS By United Press oe An Net HEE Low Close A 15 MOST ACTIVE STOCKS High Low Close Chpge Adams Exp 10 10 10 4+ » Net [No Amer ...... 1 203, 203, = % Addressograph C21 21 21 + Ja High Low Close Change | NO Am Avn 104 9% 10% 4 J Air Reduc_..... 572 58 57% + 2 No Am Ed pf . 99 99 99. i All-Way EI 001% 1% 1% ..... [Chrysler ...... 63% 60 62% 4 3%|No Pacific 13% 12% 12% + % Alaska Jun .ts th HW 123 + 8 ys Sheet basis Cs 59% 613% + 2% lieu w 161 Y, 7 x n Motors ... 3814 36% 38 4 1% w * Allegop pf 830w JO BD BNL T 3 [seerry Corp ma tow om + 14 | Sliver Frm mal 31 304 30 © 1% Allen Indust ‘a a ee 3 3 Rep Steel ..... 203, 193% 2Wa + 8 Smnibus Siu 120 Ja 324 + i Im + U S Rubber ... 303% 29 301% 4+ 2% 8 Elev .u.... a : + % Allied Mills 14 14 Mo. y tis Ste 1 x Allied Stores ©: 8% 8 81 ot | Anaconda Cop. 363 33 36% + 1% he Se is. a US UX oa Allis-Chal | Mla 423 iz I 1j3| Beth Steel .... 833% 6314 64% + 1% i Amerada | g8la 66% 68a + 3 | Yellow Truck .. Mi 13% 138 + 1% lpeo minance .... 14% 14% 14% + % Am Bank Note. 13% in 13» 3 a bey Aidiel seri 514 50% 51% + 1% | pac C El... 213% 27a 27% 4 4 m A / Cent ..... 19% 18% 19% + % pacific Mills .. 16 15% 18 + 7% 1 seks 2 aE an 28% Hi dL. [ewpors Ingo, 103. 18 1% + 4 Param pici 131 100s 13" * 4 Am Car & F pf 50 5 + 23% [Par Piet ...... 12% 1% 12 + %|park & a a ie & , 14 1 ark & Til “ 2B 23 23 1 Am Chain & O. 115 3% 13 I 'sifGen Eres ...... 43% 44% a1 + 3% Park Utah ..... 3 3%. 3%. AREEIL.C ffi BE TW Mewe Comam TM 7 e+ IBM eel BE aR IM Am & F . av, 4, oe 4 A a 3 3 Parmele ...... 23 3g 2% + YW Am ara Rn Rut See on sales approximated 740,- | Pathe Film... en + ha Am Hide L.. 4% 45 1g 4 IU shares, against 780,000 in the 2 + MW 1. 1 71 - VY ’ Penn & Ford 44% +4 1% Am Home Pr .. 31% Tia I _..."' | short session a week ago. Curb |Eenney .... Wa + Me Ta Te... |stock sales were 123,000 sha > nla 92% 23 + 1% y res, | Penn DC pf A 2. 41, Fra the BH, TH: aeninet 110000 lat Saturday. ERIN Hi Tn Am Mach y 4 a y 3 oles Cas... le Am Mch & Met 5% 5 3 er-Brew ih + % .. 3% 3, 3a +1 Net Dodg 30 4 3% A etal t 3 3354 . 3 : % High Low Close Change Phil a Read cI p13? w= git AP &LDS5 pf AS3l% 31% 31 — 5g | Hudson Motor.. 8% 8'a 93% «ioe Bhilli $s 3% 53 Sag &7sS 13% 13% 13% + % [Hupp Motor ... 1% 1% 13; .... |phillips Pet . Np + 2 Am Rell Min ot 32% 3% i % 1% cfs Bits SO 2 B AT cvp >, 1 ey 3, 3, 9% — Yi |Ill Central .... 11% 11% 118 1, | Pitts Stl . 152 4-1 Am Sexting 3 Be Ba * u Ind Rayon .. ais 0%: 21 RY ymouth oil’ ih + B 3 1 . niand Sti ..... y is 3 CE Ne Te TTA Vivid ie. hy. Am Omelties Ow WC Pel NH Inspiratn Cop. 15% 4, is Tin press Su Sor 8 I Am T & T ...148% 147% 148% - 1% | Inter ceive 5% 2 % + W|p . Ty p 1; Yo «= 1% | Inter Rub ..... 43, 41, 5 3 ress Stl 2 31 + 2 Am Tobacco ... 63% $012 Re = ge Inter Iron |... 134 127 I Proctor & G Sta gh 1, TY 4 3g n gric ...... 3° 334 1 — Am WRTw ae an ifs = &|Int Business MSH: 1g 198% Bil 30% ite “ens .“e 1 3 LA 1 Pose ag q } Am Wooten ‘pt: 33° 8. 2, Fis | Int Hyd BAL TR 307 Za Bure OIL -..... i La A conta oli. Sede 8" Jo 1% jot Nickel Css Sly: 50% sia + i Anchor Cap ... 18 A ee ‘a + a2 | Radio « Va 7 Va + 1% 5 A s 1s |Int P & P pf . 385 373% 38% + 2 5h — Armstrong CK 381s 3? Bis i 1 Int Tos ni 8 3 + Yh Radlo-R or 2B 0 a i le Soush » In 3" I ia | Island Cr Coal’ 24° 24° A° F'n Rem: ftand ES i lah a ry Gds 8'% la + 2 — sates SV ; Bees, Atchison ...... 12 40'2 41'a = 1's | jewel Tea 50 49 ’ Republic Stl ... 203 193% 20'2 + 7" 1 eases 30, 4 49% — 4 |Republic Stl pf. 75% 75% TY + 1} Atl C Line .... 27, 28% 3%, + 1 |Johns-Man '....82'%: 81% 82%2 + 2% [Revere Cop .... 11. 18's 16% + % A ) 1 4 w— — Met 17 17% + 3a Atl G&WI pf.. 13% 13% 13% + % 1 Y 3s A Refining .. 2214 21% 2a + J Kalamazoo Stove 183 18 18% + 1% Revn Opting af gr rt tlas Corp a a of — 3 La + 8% Ya 2 4+ Wi TEE : 3, 3 Richfield Oil Ta Ps + la A hs 8% gh 4 o- '%% fan © Sou pf | oy 3 3% sh » Ritter Dent 10% 10% — 3s Accum Nieh .. 3 3 y 9» 0 elsey-Hayes B 8h S$ 81a 4 1, | Roan-Antel . 20% 20% ues Aviation Corp.. 4'2 4% 4% 4 Ys [Kennecott ..... on 421g + 114 {roger G B . 17V% 17 17 1 " th -— YW wlio Lampert ....... 13a 13u dis 0% Safeway Lo... BY 2m — % Loco ct Wi 83% la 0% 4 3 FER WD ccc 33. 3% J. + 4 |St LoS Fran a 1% & (Be 8 BF Gldemersu lian a; amt Tat SeERMbic Pu 2° Tn co 11% AT 11 + 8 |L.O-F Glass ... 41% 40% alu Live [SOROeY Rist Pf 1 I see 13% 0a 1002 .... |Ligg & My .... 99 99 9 + wi%. 94% "3% seen ,, 15% 15% -- 3% |Ligg & My B ..100'z 100% 100% -- 83° 83; 3, 13,2 13) A + 7s |Lima Loco . Be 3, 3 a + 15% 16% + Sa y 2 2 -— 7% | Loew's 2 a ES 2 19%, 20° + Y ‘aie 8% 8a 8's + Ya|Loft, Inc 1y 13 a + % U ! ... 14% 14's 14% -- J» |Lone Star Cem. 383%; 35; 938% i rx. Loan. 11% IT 17% — lu|Long Bell A. di: 4X 4 7. Bm 3s tes 31% 31 3a + 3 |LouG ar tN = gh hi a Steel . . 83% 83% 8i%s + li Ludlum Stl .... 19% 19 19% + 2h oid Tid e p Wn 32 321, Steel 5 pf 16 16 16 hav P 1 3 3 BB 8 I gt 1 i iT . Va '2 1 .e 13% + 10s Ma. Bue Ma Ia 2: + 13° 13% 4 13 foun io Bema de de 2 19% 19% 10! 4 82 + 1% |So Am Gold . 2s 2% a 58 BE Ns DN Li 312 4 Ys |So Cal Ed .... 21% 21 21% + Ia 52 = a +1 62 — 1; | South Pac wo 31% "31... 231%: J 9 FHI JR Bi Th SHER TEN BY RS . 108 y Ir Jy : 2 Ve Bg WB, ih 36% : i | Sparks With 3% 3% . 3% 4 1s i 133% 12% 12% 4 M4 42% + 3, |Sperry-Corp ... 21's 19% 20% + 1}4 «38, 38. S68, + % 15% - 1, | Spiegel Inc .... 113% 11 ° ills + 3 T 2 212 2 oon 93, + B54 |Square-D-B .... 20%2 20}2 20'; + 1 D 2 ae i ee 143%. + 1] Grands es 2 3ae 2 vais >. x T ‘2 L 7 —— “at A read «8h 3 = 5 a + 15|Std G & Ep 105s 10% 10%; — Ya Lo de ER Ow Be I oM|SGEETu au nT Bo i - 30% 30% 30% + 80a + *|Std Oi Ind ... 35% 35 3814 + % Be Jit JI = 0 1% + JaiStd Oil Ng ... 50'2 40% 5013 1 1 54 hie i Ma 0% + Hon I lsa|Starrett LB [126° 24% 26° L 1h " a Sterl Prod 581% 58 a! 3 Serie 2 0 % 2 Bl + de Rie War. ile 1% on fn nul W ET] CA HB BTN 2 : EY V x “ Cal Packing ... 23'2 23'4 23'% — % 1" A + ir Sunshine Min. . 12%: 12% 12% .... Callahan Zinc . Ya 2% ba oss $Y oon Superhtr 9 29 29 + 15 Calumet & H . 3 3A 3% + % 10% + 2 Superior Oil ... 3% 3 3 — 1p Campbell wy 15'2 1% 15'2 4+ 1 20 < 21, | Superior Stl ... 17 17 17 + 13 GED My WES Wy Time, HB I / / — r v U i’ 2 [3 Sannen JH 3%, 3% 3 8s oho is 1830 . 8 Swit Intl i 6% 28.2 26% + a Caterpillar T .. 52. 81 82 @ = 1% 3 + Ib] Id Xv. 8 8 v1.4 ent Foundry . 4% 4% 4% + Ya Po of 7 34 LYMM OR Rw. T * A Cent Viol Sug . 8 8 § -— 1 2 © 4 i Cerro de Pasco 45'2 4412 45% = 34 "Va + 98] Telautograph .. § 5 5 3% Certain-tead ... 734 Kk, 4+ Tenn Corp .... 8 734 8 + 3s : . T 44 3 a 3 Shecker Gab .- 14: Hu Bu i'w J 1% + 3) Texas cuit Prod 4} rH hi im Chi Mail ‘Orde R30 13% adn uw | Nab Aviation ©. 93% OW 99% Ll. [Tex OaoPeeid} 3c ROI i Bl Sher. luge NJ i v* | Nat Biscuit ... 20% 2° ... £0 an “9% an 4 Ch M StP& s 4 h — Wy 1 1 3 \ a hd + COMI B&D bf 1h 1% ats + so Nat Cash Reg.. 1804 11k 18 + Jkivex Pac I Ti. 10. 9% 10 + Shi fued Toc: ts 137 a 4 Ye] Nat Deis. 33 3: Br To... Thompson Er .. 130: 3 15 ct nw Shiota © a8 gi 3 vow NS Emam BE fn fe UW SmD glial Hn BEL ye nthe 3 Dv TOM Net MasSU C2 33 3 +n Tonsmedies.. 33% 13. Wp In Climax _Molo Co 303 37% 30% +3 [Nat Jwikle .. 1% i% 3% + Ja! Trans'V'W Air. 74 14 Tha + 3 Cluett Peab ... 15 183, 18 + 3% | Nat Steel iin’ 33% 31% 2 © ls [Trans & Wms.. 81a 912 812 + Ta Coca-Cola .....12¢ 121 124 +5 _ | Nat Sp Blane ot 74° An 2% * Tri-Cont asa ih 4h th... Col Fuel & 3 3° 2 313 Nat Np $2 pf. 24) 24 = 24'2a 4 3 | 20th Cent Fox. 23. #U NW Iw Col Broadcast A 221 21% 23% + % [Nas Tea ....... 413 4% 4%..." |Twin Cy 8% 5% 5% — Li Col Broadcast A 13 i% + Natomas nt de oS tay oy Ya | Twin Coach -.. 10 10 10° + % 15 v Son Crett ‘is R, 3 : 38 +'1v, | NY Air Brk .. 39 9 wr Ure i Com Solvents . 9iz 9% 9% + ' (RN ¥ Sentral -- 19% 18% Dh + % yng EI Fin... Bi 3 MB ¥ 1% Commonw & So 1% 1% 1% .... Sl vias i PE 7 = Ioan A — NYC & St . 353 3% Bh Union Carb 8 16 8a 4 2} Comw & So pt 0 4% ¥ i, [ES har Bl Bi ia i "9 [Tn Oil Ca 205, 20% 20% — 'a Conde Nast . 24 23% - i Cons Aircraft . 18% 18% N Y NH&H pf . 6's 8 .... |S; Pacific . 3 3% BB +15 Cons Cigar . * eit T NYOnt & W 1% Ti 12 + "3 |Un Pac pf 9 9 uA 1 Cons Cig pr pf 2512 025° Ship ..... 10 3% 10 + Un Tank ...... ” 23 23 + 1 Cons Edison pf 95% 95% Nort & West "197 107 197 — 1 on Sircralt Op Hy nH Bu I 2 ons Filmarics Jon Sa Bat ivy Un Carbon ...: 48° dda 48° + 1 Cons Oil ...... 8% 10 .... » United Moors... By 3% 3w I °# Con RR Cha pf 7% 7 Ta + ( 'h St kb tains y, We, > Cons Coal vic. 3% 8% 8% + 3 1cago OCRS United Co ot + 3% 3% Wa —- Ne ontainer ..... y a 4 , 9 91 ® + Cont Bak A . 18%, 153 1834 t A By United Press yn Dyewoo . at at 3% I = ont Bak p. .. 29 BST h Low Close |Un Gas Imp .. 103: 10% 10% — ‘a Qont Can 3 Bh Bu I Y Adams Oil & Royalty . Te 82 6% (Un Paperbd .... 31a Ba Bz + ha - / ’ / ’ rmour & Co ........ . 's " or Sec ls = ‘4 Cont Ins ceees 81... B31. Sl. sen \they Te whl arrbuuia ah 43: 4%. |U 8 For Sec pf 72 72 72 - 2 Cont Mot _..... 1% 1% 1% .... [Bendix Aviat ......... 18% 14% 14% gon Qube .. 3. Bi In 7. (BorencH Brew '........ 5 48° 8 ’ Coty Lo 43% 43% 3% + I org ran lage Ta 2815 INVESTING CO. S ta » 108% 2 28% I s% Bu Fasten RB sesuuses : i HA (By the New, York Securty Dealers asgn) Cream Wheat . 24 24 ~~ 24 = .... [Butler B 5 cv pf ..... 21 Cp Ask Crosley Rad 1014 1014 1014 oe 23 Canal Cons cv pf Cit 1% 1% Ad rds. 2d 12. HA 13. 323i Inv F, Fog 10. iB 1. i Crown Cork .. Java 30% 134 1 3% Gent Hi gee #* at 3A Ge neq 63 All CFB3 14.08 15.43 Crown Zeller .. HH), 13 8st I 9 ht & SW Jt : 3; 3% Sa, Bat Ind ne K1 15.89 17.29 Crucible 8 GES COIS vv 2 31% | Bos Fd In 16.16 17.28 ” CFK2 10.76 11.7 Crucible pf .. 92 92 92 + 2 | Chgo Corp cv pf 33%: 33 53, | Bos n 28) Cuba Co vw 1s 1'% i's + Ys | Chgo Flex Shaft 46 46 46 Brd St 23.23 24.84) ” CFS2 15.09 15.54 Cub-Am Sug 41, 5Va 5a + !a|Chgo Yel Cab . 12% 12% 12% | Cent Tr 21.38 7.8 * CFS4 3.20 5.77 Cor "pup plo. Ti or ag 1. Citles Service” 2 1% lief QMS pr 825 81s Mase In Tr 20.13 21.38 rb Pub pi .. i. ht ities Service .......ee : Curtiss Wr* ... 8% 4% 5% + % | Comwith Edison ...... 21% 268% 26% (Cp Tr AA 2.13 ....|Nat W sec 3.48 3.4 Curtiss-Wr A . 18% 17% 18 + Wu Comp Ind GIRL: causa 2s 2% 22% > Be A a . Hw 10 ks 3 Sn —— onsol Bis ...... casa nnn : » Ace m 2.61 teu Bldg Sup 6.95 7.52 4 Dayton Rubber ........ 87s 9 : ras : Deere & Co ... 25 24 20% + WBIpaNo! co. 8 ¢ |DpsInsA 284 ....| Ekc Eat. 7.96 8.61 DLac& W .. Br 131s 18% 3 |Elec Househd lll 4h 4 4% | Divs Dp 585 6.15 Mach 814 831 Dis + 1378 ’ ® I Gardner Den pf ...... 52'a 5213 52's : 3 . ” 73 2 Dist Seag pf .. 73 73 - 2 s 3 2's Dvd Shrs 1.26 1.36 R R 7.89 8.54 Dixie-Vortex .. 16% 16% 16% 4 3 [Gen Hshld Ut L........ 20a 238 24 | Fidelity 19.13 20.59] Steel 8.36 9.04 Doehler D Cast. 2) 21k 3 + 3 | Ha el 8% 8% 8% Fiscal Fund, Inc. [N Am Bd 53.50 .... Dome - Mines ...3¢4 23% 3%, To" | Hein-W Mot P ........ 6 5 ¢. 1 Bk Stk "333 280 ir INC a-1130.13.3¢ Douglas i 127 12 12's 4 3% | Ill Cent RR ..... ve 11% 10% 10%] pR DR MY IS Am nep 9.44 10.29 re 2ioaogef 31g 290 + 3 nd Stl Prod ....... oie 6% 8% | NX¢, 808 oD Spen Trek 14.90 15.68 Bu Ro ee ? - 3 Jarvis 182 18'2 18V |Spen Trs : Du Pont deb .. 135 135 BB © Mu Kota DRE es Sessa ody 31 8. rd Inv In 16.37 17.39|Std Util 55.59 Du Pont bf 131 131% 131% + Ys |Katz Drug ........ sees Bla BY Va Tr A 4.25 ate St 82.00 85.00 ass I 3 7 | Con Car 29.90 32.i5/Sup Cp A 311 on —E— La Salle Exten 2% 2% 2% 20) » : East B Mil .. 8% 8% 8% 4M |Lawbeck 6 pf 3° 8 20 | Bray Tatites |» 38 East Kodak ... . S272] Leath pf ....... 22 2 22 Auto 2 90 ” BB 206 :.. Eaton Mig 0% 2 21% + a|Le Roi Co 9% 9% 9% | Chem 1.17 1.28/Supvd New 9.55 10.38 Elec Auto L 21% 20% 21 ~~ <- %| Libby McN&L . 9 9 9 : Elec Boat 10% 9% 100 + Ba |Lion Oil Ref . Su Si 20) Shes 16 NTE mC y y 12, 12'2 — 2 Marshall Field 9'2 93% 92 | ne Inv 16.84 32 » Oil A 630 .... a a. TT y2|McCord Rad 14 4 14 "| fnsl Securities, Lid, | * B 5386 .... Sh Hh.4 2 Merch & Mig A : dha dM 4d] Bk Gro 1.20 133 USEL&PA 13.36 13.84 Casa naae 2 =r 8 Ht Bt in ce piv... Tl 1h 1% TBene amt 13°02 well Fd 13.94 14.50 Be Bu oo (NE Un Deis il v, | 15t Bs Cp 14.60 16.12 43% 43% 4 UIi1 COP B ...venunnse 1 1 1 T° TW 2 | NODItteSPArKS +s.aves. 2213 2214 229 aw 3% + 4 Nous Bane carbs, 83% 000 1052 BANK STOCKS Dep. hte uaker Oats . / Evans Prod 10% 1 1004 4+ % Raytheon pf... 1a 1% Bid Asked Exchange Buf. 1% 1% 1% «oe Rollins Hos vis" a? a’ Bank of Manhattan . . 34 241; ru s s . ; ankers Trus . 8 51 , | Sears-Roebuck . 63! 63'2 | Bank of Y : 70 air Morse ‘ i 3 R + bs ignode SS_cm pf 23 . 2 Benkign rast Nt i . eV D x tral Hanover ...... : aN xs. nw uw TB bite of Be dS. AY (rac Jaudver ..i.useeite 2 Jou Mot 4% 4 4% + %|Sunstrd Meh T +eatees 13% 1215 13%: | Chemical li... Paneer Ne By. 435i 1 17 i... 3 1 . 2 2 Ped Wat S A Y . 0 wift & 1832 18'2 | Commercial .........eeeeees. 140 148 fed Dep St 18% 18 263% 27 [Continental ............ivie0 13% 13% Fid Phen 32 32. 15% 18 | Corn EXChange .......,..sss 1 1 3 3 ge ... . .“ Ee 3s 3a wn" 20° | Empire a2 rst rs 4. 3 First National Plintkote 173% 16% 12! 12'2 | Guaranty ...... Florence. Stove. 2813 3812 Be 8 Fopianty lansbee oe L A 0s . Foster Wheel L107 18.0 3% i | Manutactuters Freept-Sulphur. Trust ..... eG Public. .......... Gabriel A ..... 2 2h Hp LOCAL ISSUES Title Guarantee .... Gair aint ) : Aha Gar Wood Ind a 8h 1] 3 0 (By Indianapolis Bond & Share. Corp.) . . ( i 3 The following quotations do not repre- F. l Gen Am vo. ddl ie alla 15 | sent actual bids or offerings, but merely ail Ur: Gen Bakin 9 8% 9 + Mh Sen Bronze .. 4% 4% 47h + Yu | indicate the approximate market level Gen Cable T12% 12 1214 + V4 | based on buying and selling inquiries or Gen Bectric I. ay $i Hn 4 V, | recent transactions. BUSINESS FAILURES Gen Foods ... whey Gen GRE A ... (1% 1s 1% + Bid Asked (UN & BRADSTREET) Gen Motors ... 38% 362 38 + 1% vee: 101 104 2s AIS RETO 438 ues ...103% 108 Gth Quin. Bn hu dw tn ILE doe Rare LES i Gen Ry Be ose 24% 28% + 1% oJ 0? ’ ® 201 T™HE Gen Rly & U.. 134 1% 13%... «< ¢ ~~. Gen Refract .. 27'a 26% 27% +1 x ~~ oo Gen Thtre Eq.. 13% 13% 13% + % Zz Seem ote Gen TeR oo 2 Da dw Lon £ v lette 8 Gllistte 8 8 pi sold Spl Bh rN 3, Gimbel Bro 83. 3% 8% + Vs| Noblesville HI&P 6s 47..... 0 aden adolf’ 28% 23 281s vere $ jobel, g ..-» | Pub Tel 4%s 85. .... ....cv0t geothl le MM II 2s : seat ie 2 Ah BU +N Graham * Page IA 1% IR ol ° Gre ng. gion: Te Yu De I th TE PARKER iran on .. / a DISTRIBUTORS Grand 13% 13% 13% .... es CORR GENERAL Granite © | Us ¢ Bu: : iT im ime 3 % Belt RR St I Fa INCORPORATED INVESTORS rant — Cent Ind Pwr 7% pf 3t North Pella M 25% + Gt Nor Ore... lv Mw 10% .... '| Hook Drug mW Fe id. BOSTON, Mass., Jan, 15.—Many gt, west Sue BR ha Ri : Po d c pessimists have pointed to the Grevhound. pf. Ss 8a % ih lec : si Erowing end of business failGuant Sug .... Indpls . paar ures in recent weeks. While it ARE 2% 2% 4+ %|In vo 82 R51 . Grant pf Ye Inple Pele id a 8% 6 op Be in fs ue that Joihies have been Indpls Water Co pfd 5% ... 103" ncreasing, with December failA% + WN t ’ aa + |piceln pitt Ins Co com.. 23, 28, | ures 35 per cent over those of 3 + w|¥Dh Bb erv'Co bid s4%.. 8 & | December, 1936, it is also true that — i N jg Pu y3i2 8 the general level of business fail3 of {Fub gery 3h ures is low with December fail Lp n 16'2 | ures only about half the Decem-~ Y Bec Co 97 ber average for the last 10 years. i yan Cam mp “Milk £0 Further ore, od Bverage liability 3 3 p r failure ast December ¥ pe (ay M. 3. Orik & G0) was only $14,260, Lompared with .

HR iy

Net Close Change

High Low U 8 Gypsum .. 68 67 ae U S Hoffman .. 8'a 8 81s 4 Ya U S Ind Ale ... 233% 22 23% -- 13% U 8 Leath .... 6% 61a 6a + 5» U 8S Leath A 10% 10a 10% + MN U 8S Pipe & F. 6 5% 6 + 3a U S Rubber .. 303% 29 30% + 2% US Rub 1 pf . 6112 582 6lla + 444 U S Smel . 6912 68': 602 4 2 U S Steel ..... 6215 59% 61% + 22 Us Steel mt A gid 112% 114% + 1 Ut P & LA ... 1} 1% .... J Vadsco Sales .. 1 1 , wei, Vanadium ...... 0 19 197% + 1% Van Raalte : 3434 avy; Na... Va-Caro Ch ga 45, 47% + Ye Va-Car 6 pf . 28'2 29 + 2 BN Wabash ...... . 235 2% 23% un Wabash pf A . 3% 3% 3% ..... Waldorf Sys .. 8 8 8. + 3% Walgreen ...... 0's 20 20's -- Vs Walker (H) 447% 42 44, 4-14 Walworth ...... 84 gg: 8 + Ward Bak A 16%, 15% 16% 4 % Ward Bak B 334 3% 33% + Va ward Bak pf . 456% 45% ~ 45% + 1% Warner Bros 3% Ta Ps + Warren Br .... 43 41g 4% 4 % Wayne Pump ..'29'a 29 292 + 1 West Auto Sup. 18 18. 18 + West Md ves A% 4'% 414 wien West Pac pf 3 3 3. een, West Union 273: 26'a 27% + 3 West Air Bk ae 263% 2a 4 Ja Westing El .. 0% 106'2 109'a + 2'2 Weston El In 17% 162 17% ++ 1% Westvaco 153s 15% 153s 4 a Westvaco 5 of. . 26%, 26'2 262 — Yi Wheel Steel « 21 25Y, 268% + 1's White Mot .... 127; 12 12% + 2 White Rock . . 102 102 10%2 — 4 Wilcox O & G- 2% 25% 2%... Willys Overlind 27s 2, 2% — Wa Willys Overld pf 6. 5% ule Ve Wilson & Co .. 5% 53g 5% + Ja Wilson pf ..... 58 57% 51% — 1 Woolworth ..... 40'; 40 0" ...0 Forthington 13% 13% 13% +} yo t wp be. Woodwd Ir Co. 19 182 19 + 1% 0, Yellow Tr ..... 14% 13% 13% + 1% Young 8 & . 18 173, 18 +4 4 Young Sheet .. 433% 41% 43% + 2 Young Stl Dr . 21'2 20% 21'2 Ya wi Zenith Rad .... 17a 16% 16% <4 Zonite .......v.0 32 3% 338 ise

NO OCEAN FLIER NOW, LINDBERGH DEGLARES

He Shuns Invitation to Go Before Ludlow Committee.

Times Special WASHINGTON, Charles A. Lindbergh, whose New York to Paris flight made him a world hero in 1927, is “no authority

on flying the Atlantic today,” he has written Rep. Ludlow (Dem. Ind.). As chairman of the Appropriations Subcommittee on Treasury and Postoffice, Mr. Ludlow had invited Col. Lindbergh to appear to testify regarding transoceanic airmail flying. Col. Lindbergh replied: “I greatly appreciate your invitation to appear before your Committee, but I do not feel that I am sufficiently well acquainted with recent developments to justify expressing my opinion at this time. “I am, of course, greatly interested in the development of transoceanic airlines, and in the construction of long range transport planes. However, I have not been in close contact with many phases of aviation for over two years, and I would want to spend several months studying the existing situation before stating my views on the problems in which your Committee is interested.”

CHICAGO PRODUCE

Eggs — Market, weak: receipts, 7412 11ac; Jsss [H

Jan. 14—Col.

firsts, cars,

cases; fresh extra firsts,

than cars, less than cars, 2lc; fresh dirties, 171zc: current receipts, 19%

Jraded fir

Sociter—Market, steady: Jocsinis. 618,412 gross lbs.; extra firsts (90- 2) score). 31V@313c; extras (92 score), 32Vic:

firsts. 306 30%c; seconds, 271980: specials,

323, @33%ac: standards, aC. Poultry—Market, steady: receipts, 3 ip ducks 18@33c; geese, : hens,

Cheese—Twins, 18% @16%c; daisies, 17 @17%c; longhorns, 11@17Y, ac Potatoe: upplies, light: market, weak and demand light; Idaho Russet Burbanks, [email protected]; Colorado Red McClures, $1.4 North Dakota Bliss ors, 3 s, $1.06@1. 10: North Dakota Cobblers, 10; Minnesota Russet Rurals. $1.02%: Stock, less than carlots, Florida Bliss * Triumphs. per bushel crate, $ No. 18. 78; 191; ‘shipments,

Arrivals, on track, 908.

FOREIGN EXCHANGE

NEW YORK, Jan. 15 (U. P.).—Opening foreign exchange higher. Net

Cable Rates Change England (pound) $4,993, 00Va Eng. (60-d. bill rate) 4. 3 +.00%% Canada (dollar) ... 63-64 France (franc) ... 0338 7-16 4.0001 7-16 Italy (lire) ........ .0526'2 ~-.0000% Belgium (belga) ... .1691%2 10001 % Germany (mark) 4028 --.0004 Switzerland (franc) 29101 <+-.0002 Holland (guilder) .. 570 +-.0006 Sweden (krona) ... .2576!% --.0001%2 Norway (krone) ... .2511'2 +-.0001% Denmark (krone) . .2231 +-.0001 Japan (yen) ...... 2908 --.0001 COTTON NEW YCR rev igh wow Close Close March ......s. 8.54 8.48 8.53 8.50 May .......u00 8.61 8.54 8.59 8.56 July 8.66 8.60 .65 8.63 NEW YORK COTTONSEED OIL rev High Low Close Close . 7.50 7.60 7.45 7.48 7.55 7.47 7.50 7.57 7.50 7.55 7.61 7.55

LOCAL PRODUCE

Heavy breed hens, 4!52 lbs. and up, J8¢:

under 42 1bs., 14c: leghorn hens, 12c: heavy springers, 1%; 1bs. and over, 180: leghorn springers, 1'2 Ibs. and over, 15c¢; heavy stags, 13c: leghor stags, 1c; bareback broilers. 15¢: old roosters, 9c. grs—No. 1 strictly fresh country run eggs, 18c. (Each full case must weigh 55

1bs. gross.

A net deduction of 15 cents for full be

55 will

1. 31@37'Le: ade:

1bs.

No. 2, No. 2,

each case under made.) 35m 30c.

Butter—No. 35'2¢. Butterfat—No. 1,

U. S. STATEMENT

WASHINGTON, Jan. 15 (U. P.,).—Government expenses and receipts for the current fiscal year, through Jan. 13, compared with a year a

Dl This Yea ol 106,753, 391. 03 83 $3, 18 Seo. 545. 86

Expense Receinis 3,336,317. 4,607,078.41 Defic 320.435.87 65 1382.783.4 467.45 Cash Bal, ". 2,050,349.767.46 1,895.602,410.18 Work Bal . 1,190,663,984.42 1,342,704,680.19 Pub. Debt. .37,300,558,373.21 34,466,922,153.66 Gold res. .12,755,238. 428. 62 11, 308, S12. daz. 47 Customs .. 224, 5.00 0 4,316, 1 Today a Pu ot tal Bu Inac. gold ....... $13,719.64 $1,222.930,288.94 INDIANAPOLIS CLEARING HOUSE Slaatings Sut lnvs neve sides BB sass eranreai en Clearings for the week’ Debits or the week

OTHER LIVESTOCK

CINCINNATI. Jan, 18 (U. P.).—~Hogs Receipts,

Jus indin holdover, only o an nally stead es ailish marke, Quotable a5 tea able top, 1bs., 850.2100 00-150 Re rood a packing ons, 100; a6 28. 50. © Sheep—Receipts, 125, ing none dl-

none direct, ends on sale, fd enoug

[email protected];

TAX RETURN DEADLINE SET

Employers of eight or more pers sons must file Federal unemployment tax returns on or before Jan. 31, Collector of Internal Revenue Will H. Smith ‘warned today. Returns are to be made at the FedBuilding Internal

eral Revenue

office.

SAFE DEPOSIT BOXES

* The * Indiana National Bank

Porker Prices Unchanged on Local Market

Except for a 5c gain on weights scaling 200 to 210 pounds, there was no change throughout today’s hog trade, according to tke Bureau of Agricultural Economics. Receipts of around 1500 head were cleaned up early under good action on both shipper and local killer account. Top was held at $9 for best 150 to 170-pound averages, maintaining a relatively high position in comparison with other nearby major terminals. Packing sows bulked at $6 to $6.75, latter price practical top. Compared with the close last week, hogs scaling upward to 200 pounds are steady, with 200 to 220-pound weights 5 to 10 cents lower. Butchers from 220 to 260 pounds are 15 to 20 cents off, while heavy hogs above 260 pounds declined 35 cents. Packing sows are mostly 25 cents lower. Today's cattle trade was the usual Saturday nominal affair. Socalled “cheaper” priced steers are around 25 cents higher for the week while steers valued at $9 or above are off as much as 25 cents. Several loads this week made $9 to $9.70 with nothing strictly finished offered. The week's bulk steers ranged from $6.50 to $8 grading common to low good. Slaughter heifers advanced 25 cents to extremes 50 cents for the period, lighter, handy weights up most. Bulk heifers $5.75 to $7.50, good 760 and 870-pound weights $8. All grades cows ruled strong in a dependable market, cutter grades bulking from $4 to $5, beef cows mostly $5 to $6, the practical limit $6. Bulls closed firm, best heavies $6.50 and $6.75. Country finishers are taking more interest in replacement stock, feeding steers from $6 to $7.65 going out more freely. Vealer prices are currently around 50 cents above closing levels a week ago choice handyweights reaching $13 on Friday. Final quotations on fed Western lambs and yearlings are 25 cents under late figures a week ago, the closing top fed lambs resting at $8.50 and best late yearling price $7.25. Native lambs show . little change, bulk good and choice Friday $8 to $8.50. Slaughter ewes gained 25 cents, choice handyweights topping at $4 on most occasions.

Jan, 8.

(160-180 i 9. (160-180) Good and choice 8.50@ 9.00 (180-200) Good and choice 8.50@ 8.90 (200-220) Good and choice 8.25@ 8.70 (220-250) Good and choice.. 7.80@ 8.40 (260-290) Good and choice 7.35/@ 8.00 (290-350) Good and choice.. 7.10@ 7.45 Packing Sows— (275-350) GOO +ovauvvversee 6.65@ 6.90 (350-425) Good ........ss.. . 6.40@ 6.65 {438- -330) seat Shred nes 6.15@ 6.40 edium ........ .. 6.00@ 6. Slaughter Pig @ 6.55 (100-140) Good and choice.. 8.50@ 8.75 Medium .......... 7.50@ 8.50 CATTLE —Receipts, 25— Steers— (750-900) Choice .+.......... 8.25@ 9.75 (900-1100) Choice ....... 9.25@ 10.75 (1100-1300) Choice ........... [email protected] (1300-1500) Choice «...u.n [email protected] (750-900) Good ........... 7.00@ 9.25 (900-1100) 154 (1100-1300) (1300-1500) (750-1100) (1100-1300) (750-1100) Steers and (550-750) (550-750) (750-900) 7.00 (550-900) . v Common esses 6.50 Cows All Weights— Choice ...... Seta ustee saints. anes ood Shean enttanein veers 6.00@ 6.50 Medium ........ teeters 5.50@ 6.00 COMMON oes veeesscrss 5.00@ 5.50 Low Cutter and cutter 3.75@ 5.00 Bulls

Yearlings ssciuded (all weights) Cood (veel) .,.............. 5 (All Ot Medium Cutter and commo re —Receipts, 25

(All weights) Choice 12.00®13.00 (All weights) Good . 11,[email protected] (All weights) Medium . [email protected] Cull and common .. . 6.00@ 9.50 Calves (250-400) Choice ..... teres [email protected] (250-400) Good ........ cieee 6.50@ 8.50 (250-400) Medium ....... ‘oo sia 6.50 (250-400) Common ......... 4.50@ 5.00 Feeder and Stocker Cattle Steers— (500-800) Choice ........... 17.50@ 8.00 (800-1050) Choice Tha 8.25 (500-800) Good 7.00@ 7.50 (800-1050) Good 7.00@ 7.75 (500-1050) Medium 6.00@ 17.25 (500-1050) Common 5.00@ 6.25 Heifers— (500-750) Good and cholce.. 6.25@ 7.50 Common and medium ...... 5.00@ 6.25 SHEEP AND LAMBS —Receipts, None— Lambs Choice seinviiennes «ve B.00@ 8.50 008 ..v. ssievinnae eee 1.50@ 8.00 Medim savse.ieiiiiiignnes 6.50@ 7.50 COMMON ssvvvvinsnenninees H00@ 6.50 Wes— Good and choice ....... eres 3.50@ 4 Common and medium ...... 2.50@ 3.50

CHICAGO, Jan, 15 (U. P.).—Hogs—Receipts, 2500, including 2000 directs; market 10 cents higher than Friday, mostly on 210-260-1b. weights, although supply extremely small; top, $8.70. Cattle—Receipts, 500; calves, 100; steady: fed steers an vearlings, strong to 25¢ but fat heifers scaling over 800 beef cows, 25 cents s, 25 to 40 cents lower and veal50 cents higher; extreme top steers, $12.10; long yearlings, $11.75; selected vealers up to $12.50. Sheep—Receipts, 7000; market, steady: fat lambs, 35 to 50 cents lower; yearlings weak to 25 cents off; 5 to 50 cents bigher; feedings scarce, little changed: top on slaughter lambs. $8.85: yearlings, $ pass: ewes, [email protected], feed-

ng lambs, $7.5 FT. WA NE . oi P.) A 3 sents higher: 1 140-160 1 i535 80: 160-180 $8.65. 180-200 lbs., 200-225 1b Bs. $840. 22 ; 75 1bs.. $17.7 275-300 1bs., $7.25: 130: 140 1bs., $8.60; $8.45. Roughs, 35 .50; stags, $5.25; calves, $12; lambs, 15

LAFAYETTE, Jan. (U. 0) ~—Hogs— Market, steady: SH 150-160 lbs., $9: 170 Ibs. $8. 85: 170- 350 lbs, $ 8.70: 180-190 1 ; 190-200 1 bs., $8.45; 200-210 1 0- -220 1bs., $8.20; 220-2 1bs.,

: $7.95: 2 $7.80; 0-2 60; 260-2 4 0-380 ve Pr. 35: 280-290 lbs., 200. 300 1bs., $n 15; 300-325 1bs., $7: 8.50 down; roughs, $6.50 down. Calves, 8 50@12. Lambs, $8108.25 bh

BUSINESS EDUCATION ong Accounting, Bookkeeping, Stenographic and Secretarial courses Day and evening sessions. Lincoln 8337. Fred W. Case, Principal. Central Business College

Architects and Builders Building. Pennsylvania & Vermont Sts.,, Indpls.

100-120 1bs..

o 2% 3

MANUFACTURING SPACE

FOR LEASE

IN INDUSTRIAL BUILDING

38 South Cruse St.

2500 sq. ft. available with freight and passenger elevator service, steam heat, railroad siding, truck facilities.

C. 0. Crawford, Real Estate Division

INDIANAPOLIS POWER & LIGHT COMPANY

i 825 Electric Bldg. pa

SATURDAY, JAN. 15, 1938

WHEAT PRICES DIP A FRACTION; MARKET IS FIRM

Argentine Corn Crop Yield To Be Small, Is Report.

CHICAGO, Jan, 15 (U, P.).—Ad~ vances in security prices, gains at Buenos Aires and continued lack of moisture in the southwest exerted a mild bullish influence on wheat on the Chicago Board of Trade toe day and the market was moderate= ly firm most of the session. There was an uncertain undercurrent, however, and the trend lacked

direction, turning lower toward the close. At the close wheat was 4 to % cent lower, May 97% cents; corn was 1s to % cent higher, May 601% cents and oats were unchanged to % cent higher, May 317 cents. Buying by commission houses was a feature of early trade. Ex port interest was slight. Govern ment forecasts for light rains in the West and West Central states dure ing the coming week laid a restraining hand on tendencies to rally. Corn prices were mixed at the opening. Price changes were small but the market drew some encour« agement from an unofficial estimate that the Argentine ccrn crop probably will be about 125,000,000 under a year ago when the yield was the smallest since 1924-25, Early trade was mixed and of slene der volume. Liverpool closed unchanged to a small fraction lower after a final hour rally which boosted prices about 1 cent. Late buying was credited to short covering. Cheaper offers of American winter wheat and the reaction in North Amer ican markets yesterday were dee pressing factors.

CHICAGO GRAIN

RANGE Wheat— Prev. High Low Close Close MBY. s0convann: $98% $967: $8.97 8.97% JUIN sovivieevs 92% 91% 01 913 Sept “ee Ol 8978 80 00% 80's .60% .60% 60% 61 609% 60% 61% .61 317% .317%b .317% 2078 297s 20% 20% 29% ,29% 5% 15% 16 10s 70%:b .70% .69 0912 ...ee 3 1.00% 1.01'2b 1.004 3 eeere 3.01%b 1,01 Lard— JAN. .ireeeen 8.55 1.40 8.55b 8.42 March ..:..... us i 0b 8.92 RY cena 9.25 9.12 9.22b 12 a Ask; b bid. CASH Wheat-_No. 5 red, 92c; No. 3 hard, $1.02, orn—No. 4 mixed, 5514 @56%c¢; No. 3 ah 58 583, ¢c; No. 4 yellow, 55% @57%c; No. 5 yellow, 54, @55%2¢; No. 3 white, 59c; 4 white, 55Ys@?57%c; No. 5 white, 55% Ne: sample, 53c. . Oa ts NO, 1 white, 34'2@3c; No. 2 white 34% @35c; No. 3 white, 33@33%c; No, 4 white, 33@33%2c; sample, 33@33%zc. Rye—No sales Barle Feed, ‘43@62¢; malting, 70@92e, So ns—No. 3 yellow, 96% @98c; No, 4 ye low: 294%, @96 62

2.95. sweet, [email protected]. $8.60 nominalg bellies,

Timothyseed—$2. isa Clover—Red, $3231: Cash Provisions—Lard, loose, $8.35; leaf, $8.25 nominal; $11 nominal.

ARGENTINE GRAIN BUENOS AIRES, Jan. 15 (U. P.).—Grain futures closed irregularly hi her. Wheat —February, $1.11%, up 3% arch, $1.11%, up lac. Corn—January, ©8930. up 1%ec; February, 87¢, up 3c: May, 667%c, up lc. Oats—Spot, 3it%c, unchanged. Flax—Feb« ruary, $1.36%, unchanged; March, $1.36%,

off isc. LIVERPOOL WHEAT rev. no J oT EE .. . . . 4 Mate raises > Ya 11315 1.14% 1.14% July «ieee 1140s 1.14! 1.14% 1.14% WINNIPEG WHEAT Prev, High w Clos Close May .....$1.26'a $1.24 3]. 28s $1,25% July ...... 1.183) 1.16Vs 163, Y.11la October .. 1.013% 1.00% 10078 100s CHICAGO, Jan. 15 (U. P.), — Apples

Michigan McIntosh, 90c@$l. Sweet Potae toes—Tennesee, bu. hampers, 80@90c. Car~ rots—Illinois, bu., 25@50c. Spinach—Texa bu., 75@85¢c. Tomatoes—Cuban, lugs, $1 1.38 @2.50. Cauliflower — California, crates, [email protected], Peas — California, hampers, [email protected]. Celery Michigan, square crates, 40@65c. Onions (50-lb. sacks) — Illinois Yellows and Michigan Yellows, 850 @$1.35: Idaho Valencias, oh [email protected]; Colo=rado Valencias, [email protected]; Colorado Yele low Danvers, $1.40.

All applications for Personal Loans at this Bank receive

PROMPT

and courteous consideration. All of the details of every

LOAN

are treated in the strictest confidence. You'll like our

SERVICE

and you do not have to be a depositor to use it Inquire.

THE INDIANA TRUST COMPANY

The Oldest Trust Company in Indiana

Allied with THE MERCHANTS NATIONAL BANE

Member Federal Deposit Insurence Cor poration