Indianapolis Times, Indianapolis, Marion County, 17 March 1938 — Page 18

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Gold Mining Shares | Porker Decline Weak, Rails Hit.

New Lows.

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Month age RT Year ago ‘High, 1938, 134.38; Tow, 118.40. High, 1937, 194.40; low, 113.64.

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Atlas. | Market Steady|= fi NEW YORK, March 17 (U. P)~| : Stocks turned irregular today aftef J Bar . a stronger opening. Initial prices | Enough competition; developed on | “registered gains with the leaders up | siipper- account, to valid: an" early | 178 n a poins “or more. 3 schedule which’ threatened 10 cent Hr ied ~~ "Selling came into rails again after | lower prices on hogs scaling above |B Joann 11%. initial steadiness. Santa Fe equaled:|160 pounds, according tothe Bureau Bush T Term... 2% 1 1 its low.at 30%, off .% point nel.|,s ‘Agricultural - Economics; CALL Sande Dey as =e pe

Erie issues made new lows. Chesa~ peaks & Ohio equaled its low. Weights later sold on a; ‘steady basis | San Facilic ..-. 8

EE ee ios cums |wilh Wednesdy, with the top sf|Satiah; Ship i: 31: : * and" Southern Pacific registered a $9 75 for the. Best. 210-220-pound : :

* small loss. : Weakness in. gold mining shares butchers.

~ was-a feature:- Homestake Mining | Continued meager marketings / : dropped 3%: Points 30: sa%. vatle ‘were responsible for the support of | Som --new lows for they were il ec : By Dome Mines at 49ia, off 1%; yesterday's price list, and killers |g McIntyre Porcupine at 36%, off %,|Were unable again to. bring live and Alaska Juneau at 9%, off 1.|costs. into a more profitable rela- | Cont: Steel .... Coppers lost early gains that ranged | tionship with dressed. values. Pack- | E28 Fed 2-2-8 + to a point. ing sows were steady to strong at |Crowa Cork ... 30 U. 5. Steel reached 52%, Up 1%,|$8 to $8.50, With lightweights reach- | SrorR Zo . .. and then lost half the gain. Chrys- ing $8.75 and a few: heavies: down tiss-Wr .... ler fell from 52% to san i 3 nek. to $1.15. Small losses were note nd- ; ‘Too many beef steers: and heifers ard of New Jersey, Columbia Gas; arrived. for the Th trade and Deere. & 2. 23%

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Nha eE Ee ey TRY aE ii Times ‘Photo. .. Three officers of the American Bankers Assocla<' | member; Don E. Warrick, Indiana Bankers: Assoe . tion helding the - first. of a ;iwo-day regional con- |- ciation secretary; and Dr. Harold Stonier, New, York * ference: at- the Claypool Hotel today are (left to| City, American Bankers Association execuliie man. veh: ‘John Re Fletcher, Eqneational Committee | ager.

LUDLOW RENES| Display for Butler Relays WAR VOTE DRIVE

Union 2 cl Re on wk 0 5 Referendum Best Possible ils Coed oF 8 7 #| Peace Insurance; He _.. Insists.

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By United Press ‘ * WASHINGTON, March 17. —Silent “BOND PRICE INDEXES on the ‘subject of his war referen 2 2 20 60 |dum. amendment since its ‘defeat. Inds. Rails Utils. Bonds |p ‘the House last January, Rep. Yesterday ..... 80.1 56.7 914 Uelira,is Tudlow again is; advocating

Sik : eres S05 BOS 924 TIS. wens. Th Glass 84 8% BY Ee "31 ess ses wee its adoption as the best :possible cP : Year age © 91m es.0 | Peace insurance that could . be Packard ..i...e 4% 4% 44a .... |1938 high .... - 220 70.0 4+ 25 coupled with the Big Navy bill. Pannandle .. Jo 34 1% ---. |1e9s tow... sen: 56.1 161] Citing the fact that 13 Senators

(Copyright, 1938, iin Statistics Co) fate ‘hacking a similar‘measure, Mr, Ludlow - insisted in: the Housé: that

GRAIN: P RICES OFF : uN JORK, Marsh tazch 17 ©. Pienondy ‘democracy. would be “advanced by my . placing the war-making. power. with |

4 y Lo, os TR onaige the people. Fu i IN LIGHT TRADING Argentina 4 5 6 oe o b% A The Ludlow amendment: would : Hy oledo Cin 4s 50 feesas Pema yioadias aut nhs , : Q 68 95 (oir i 22% + 2 . : .

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By DANIEL M. KIDNEY Times Staff Writer ©

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provide that a referendum be: held i before:the United States: could par‘ticipate in. a foreign war, except in |. 1% | case of attack or ‘invasion.of the a ‘Western: Hemisphere, CE : Cu b S ks _. "Check. Totalitarianism 3 CHICAGO, March 17 (U. P)—| ur toc *Amerite can play a great; part in | By United Press saving democracy,” : Mr. Ludlow’

| Weakness in Liverpool and lack of emand a “NEW RK, M bi U. P. ct wo said, “if it will check the tendency foreign 4 - burned: Chicago: stocks opened rosea : AB : toward totalitarianism at home and

Corn Firm at Small Advance, y Eien og All. Futures Higher.

first preferred dropped 4% points to lowed. A$ mid-session, hardly Dist oe Joi were placed fully 25 cents off. Light 3 GENERAL BUSINESS good at $7.75 to $8.40, a short load | Firestone T ... agp. continued at $435 to $5.25, with |Gen Eiecirio CORPORATION NEWS ‘| prices were hardly a full 25 cents WA ‘Art Metal Construction Ceo. and |comparable grade clipped lambs Housgho LF - Sila i equal to $1.41 on class “A” and $1.41 Mh pl "pid an Adm Pds 11.11 11.83) 1 Bos Cp 13.80.15.00 if i: 4.22|In : Bil PW & Lian Bs 58.5. 1..% BO $4,144,06". or- $4.26 in 1936. pan

M9, a new low. enough transactions on these classes Dow las Al ala ae heifers and cows ruled steady to |EnE Dun & Bradstreet's eports week | 0% 00003" 150" pound at. $0.25. | EERE nei :: Engincering-News record Teports beef cows largely $5.25 to $6. Veal- Gen Foods seme 3 American Commercial Alcohol | higher today. . Top of $9.35 was SERS . 10% subsidia- ies “1937 net profit $1217.- made $8.25. Slaughter ewes at |Hupp Motor .. 1 on common vs. $8334,131 or $1.28 Natioral Fuel Gas Co. 1937 net |]

. ® | had. been completed to test. the ex- fn weak, while the few opening steer ended . March “16 bank clearings}, ot 103d of choice heifers were construction awards this week $53.7 "14 steady, with the top rest- [Gen Ry Sig..c. 1 Corp. 1637 net profit $1,272,317 equal | paid for finished western offerings, — 518 vs. £654,725 in 1936. mostly’ $3.50 to $4.50 were steady. ee——— sm———— INVESTING CO/S and $1.23 respectively in 1936. profit $1,660,289 equal to 96 cents | IT. : preebe

Republic Steel, American Smelting ‘and Johns Manville, Paramount |the slowest market: in ‘weeks fol- Dlac& W.... 6 ; tent of. the: decline, but most ‘bids Eaton: MR i 15% A Business a ‘l'on: weighty: heifers ‘and all steers | Elec & M Ind. 27 LF £1 / 2 : * : £ Lz a Glance sales ruled weak to slightly lower. Bulk steers were medium .and | pair Morse .... $5,480,2°3,000 vs. $4,748,227,000 pre- held late above $8.75, most heifers vious’ veek and .$7,358,198,000 Year|. ns i e350 Gutter grades of cows 284,000 ~'s. $80,524,000 last. week and Gol RY on: ves $34,569,000 year ago. ing at $11.50. G Improved quality considered, lamb : to $4.88 a common share vs. $887,~| with best natives at $9.25. Good to Jat, Corp bi 8 233 or $7.40 in 1936. choice 108 pound fed yearlings and |x Hershey pt _.. > = 81% 81% Buffalo: Niagara & Eastern Power : Corp. 1237. net- income $8,656,973 Maren 58 : bo a A, Dome Mines. Ltd. 1937 net profit } $4,116,802 equal. to $4.23 a share vs. a share vs. $4543,185 or $119. in 1936.

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Niles-“3ement-Pond Co. 1937 net]

profit. $1,200,884 equal to $7.46 a share vs, $699,360 or $4.04 in 1936. Oppenieim Collins & Co, Inc, six months ended Jan. . 3% ’ profit $136.427 vs. $260,810 year 820. Panhandle Eastern Pipe Line Co.

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(290-350) Good and choice.. 8. Packing Sows— % i (275- 350) Good .iecosevaice. (35 cirasengebocss az2-450) 00d ar aris 8 - (275-55 Medium virsseres -%

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Board of Trade wheat prices sharply % 90 | lower today. At the end of the first hour wheat 5 es et {was 134 .t0 15% cents lower, corn was Joke 14 cent higher and oats were 3% to | Ni

3% cent lower.

1. | democracy, transferring the: power |

enlarge: the powers.-of American

to declare war, except int case of at-

-=.;.I'tack or invasion; from .& central=| 4 ized control” ‘at Washingtonii ite ‘the | people themselves: #

“Let America “adopt the: war.

and “subsidiaries year ended Jan. a His gross revenues $9,746,813 vs. $6,325,- (100-140) Good a and choice. 8. 486 year ago. 5 ode Pittsburgh Plate Glass Co. and subsidiaries 1937 net income $18, (750-900) Choice ....c.ivuee 8s Tr 287.969 vs. $15,321,834 in: 1936. - 00 cesvessrsee. Bil Fix T A 8. SEE os g:

.| referendum ‘resolution, ‘and- it. will: Times Photo. ‘not be long until: the people of | : A Relay. trophy (a as the centerpiece, this. exhibit of athletic shoes Svery country on the globe would: . and. boots ‘in Spalding’s ‘window. is SiiFacting much attention, | now about it: 4

: t LE ei cxizemely tian U.S. STATEMENT

4 [sion with only a few trades being GTON, ‘March 1

Ww. 1 | registered. The lack of demand Government - expenses nd . acto or the current fiftal year . through March. 15,1 “In Italy, in Japan, in Russia, In| themselves bereft of. the power to vent. wars is to transfer the war

abroad, where political tension has ared with eased for a while, plus ‘reports of My se Boi a0 51h Sin ‘every country that is ground under | pone wars. It certainly would nses . $106 010 20018 B11 1843 the iron ‘heel of despotism, the word 7 er y WO power to those who have to suffer

United States Cold Storage Corp. 300 Chole | HB In Ie 14.90 i joi0e1 Ino ~E3 ... ¢ xX fille, plus Tepori © = oie , avorable weather e dom Receipt; + A Pose. nes) = id boss Gen Cap 281 18 $0.30 Shi a ak 3 30. 14 5 Southwest, were chief bearish Ie 3 a 1008 438,689.41 . 33 2.047.381, ie would pass from mouth ‘to mouth: have a strong: tendency to strengthen and die and pay the SHignisul costs RAILROAD REPORTS (180-1100) Madhu “1115031 Group ‘Securil tes 499806 En we wR nih tors. Wheat receipts were 11 cars. | i. | 3.121.754, 482.27 491.99. ih a the Pore ave © on democracy’ around the world. of war” (1100-1300) Med ’ Agric" 17i8up._: 2.91 ~ Corn was at an’ extremely 15 fig} r “It is more than passing strange J: iy Ea as ce ecko Eo (as z 30 aja advances: All: Jultnss “ware . ustoms .. . 277.152,605.63 4 6) peal 5 ool ot that our statesmen who discourse sO an . cers an ClierS=— Tad os ¥ fe $eaIRdED year 280. " (550-780) Good seed rr ts as. "chase. “Today's gold cert. “fund Aner... neh. yp: Might; End Dictatorships. | insistently on the necessity of savChicago & Eastern: Tlinois Ry. {Corn 1Tecsipts were Bd cars. Re INDIANAPOLIS, CLEARINGS 2 ony is fot Fanciful expectation that | ing decmocracy are uhable to. dis-{ Co. January net loss $149,902 vs.| (320-200) Siti : © | glearings eines erro 83 ou006 adoption of the war referendum cern these two great’ truths— - $22,856 yoar ago. 550-900) Common '.....esss 6.00@ 7.00 | RR Eqt - 68 73| © OIL A WAGON. WHEAT =~ ar resolution in America would cause | “First. That the way to save de-| Chicago Great Western .R. R. Co. |, woo Cows . ; . : oil" i , Ct grain el wlevators ate paying for No. dictatorships to totter and perhaps |mocracy is ‘to prevent wars which : January net loss $246,205 vs. $152, | * Good ds. BE nmin 6.000 6.50 | Inc Invs 15. : ad ‘93 31x 1c; ot her srades on their merits. LOCAL. PRODUCE _ | to: fall as America’s example would destroy democracies. 668 year ago. "8. : gt] Seourities Lid: [USELLDA 11.00 1.00 corn. new No. 2 yellow. 45c. Oats, 306 | = reed hens, 4% 1b. and un. 1567 ‘be. emilsted, and tyrants would find “Second. That the way to pre5.25@ S. 1.19 »” , : under 4'2 1bs., 5S Leghorn hens, ”

Chicago, Milwaukee, St. Paul & | Low Cutter ‘ARd CULLT~ reer. 1.32 °° L&P vig 73 81 NAT h broilers, 2 1b . 3 Pacific R. R. Co. January net loss | Ln rest Bap SUPLWel 4 HB BW FOREIGN EXCHANGE Bsa 1% 16s. “ana over, ite; 5 Fro $1,844,952 vs. $1,333,553 year ago. . | ¥earlings excluded (all weights), pT — NEW YORK. March. 17 (U. P.).~Forel Tictly_ fresh coun: run. Br 8:80 gn Erie R. R. Co. January net loss Au Telthin, bigdiim. Trier LOCAL ISSUES | exchange frm.. ble Rates “NetChange bd Seach tul ‘al oe as Lu $949,280 vs. met income $1064 year ; 4. Som ves a @ 501 my Mmdtaniapolis Bond & Share Corp.) England id (pound), $4 iy 2 00% each full cise P4508 Ril bo mods] ago. Wilh ed —Réceipts, 500 ~The foll quotations 40 not repte- | Casada (dottas).. 98 pg -130c. Butterfat—No. 1,376; No. i 25¢. |. N. Y., Chicago & St. Louis R. R. as weights CHOCO +uuue.nss erings, but merely | France (franc)... .0411% - .0001% : (Prices quoted by. Wadley Cod. Fi

og he’ APPL Viry market leyel| Italy (lire). ...... Les Co. February net operating income eights) ; Choice - yw : ‘inquiries or| Belgium (heigs) deasth en, "FIREMEN STOW OARS . BOSTON, March. 17: (@. P)—Nol

$800 3 au pes / ¥ ae a EO Co Seuttary | ads gt : rT rl SE ii "moins : Sh Germany (avel 9485 net loss $1,732,463 vs. met income —Recelpts, 4 RT Niue do Giant Switzerl'd pl z longer will firemen have to bend ‘to $1,402,822 year ago. (250-400) Chotce nd SA : the oars fo answer. alarms on Déer Union Pacific R. R. Co. ‘January Good. Island.’ Shirley Gut, between the| | net income $213,627 v8. nn; 131 Jeay : island and, the mainland, has been’ |: ; 2 filled in.’ Previously firemen had fo row to ihe island. to Jght Ares by

g (80: 2rd ik - - DIVIDENDS a Sr 2 Senos i hand, i ““Bickforc’s, Tne. 30 cents on com- 300-800) Good . : TumCpepe ie Api 1 droge March | (300-1050) 3% Medium *.. i ‘quarters. Pr Helfers— ee | Bortugal (ebcuds)

4 fae nt : 5] “Consolicated oll ‘Corp. ‘regular |. jgisse-750) Good: ang Rr le 0 BT . 208 Argentina (official on, edi ; A - peso) ‘quarterly 20 cents on Common pays ta SHEEP AND LAMBS Fa soi 208%

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DAILY PRICE INDEX

NEW YORK; ‘March 17 (U.P)— PEL IIRMNE CR cues un 8 ce ER 0 c. commodities, 1° t higher Sores 038} compiled or United Press (1930-32 Fa 280-338." Ibs. {2 30; | single Bs LOA sen: ‘equals. 100°; gos 350-550 lbs., packing sows, $8.35C iis pls wate co't hi Soudan pe . psessesions 112.45 oi Gattle—Reosipts, oo; Sven 1200, 1 >p R AD Fe EEK GEO +csesesncscccsosant 112.39 perests attempting to take off Wi osday's Nh UI BET asesoasesose viens! 113.13 13 certs" dower: 1azgery £. rin, mostly | Bu Bub’ Year ago i%ansssescssesuege’ 152 45 6a. col 0 early A) '$10; Fib 1 peo ma ork re 1938 high (IBD, 10): .si0es 117.06 E08 store: elfers’ steady ‘fo Weak: best, | 1 1938 low CATES)... ... 1173 | easy, vealers strong $10G10.50 Top, $12, up gion Hollis Slee So Ca rod . ei

1a; =: ceipts, 9000; including 0 PL ..cnes | CHICAGO PRODUCE = Lt La api BBR Be ] aol 1 otsest wi foo doubles Daca ep on $9; eWes | rarket st. Time Corp ..31.86 na *Ex-Dividena. |. LAFAYETTE " Mate on A! Su. Ps Market, as

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os Ange loans. = small loans. Ts : Over 84,000 fifies ‘our’ ‘Home: baw sn he doe 5 hon {24 “obtain. whet THEY wanted i in: a-hom.,. 2 Bring YOUR home financing. prablems to us for. prompt, and. sid tation. We. make no. charge. on’ ‘applications

owns Catved Find io do Tambs, Sk rps [gn dition oe AYNE, March 37 0. Eo gastope— a Of The mes: 186-200 Ibs, Ae pr0:180 Eis || for : re pleted ne S50 He lasing Shock 2 : i a The, os; i00:130 es || bi EE _— : Ske. CA 1agibs, Ti 5; stags, $0.25; calves, $11; ; HE 32 SAVE ANY AMOUNT : team $150 $5,000 1 : RE — . : on : i Fe ooo wi = Hib Bp demand, Slow : i | RE { : { Weekly: 2 2 Yotia og a 3 ] eh g We Offer: bib Prom 1st of That Mon Mbiigas mt E Domestic Finance Corporation : rite 'REE Savings Bam et dal, T Sh icmohe less & Cumulative Preference Stock > older: 08; Insured; 4: Accounts. “To Yield Mere Than 7%

ori track, : 337; emtpmente. | 2 i FE