Indianapolis Times, Indianapolis, Marion County, 18 March 1938 — Page 22

YEAR LOWS;

; X( B NGE JOLTED REL

TOUCH

Tiel 4 Lag as SEsavy| ‘elling Lowers ‘Values.

YORK; March 18 (U. P)— ‘ck market received a jolt “hen railroad issues broke lows. since 1933. Thereafter r tone developed and leadiad partially from the lows. “2cline brought out sufficient 0 cause tickers to lag three of issues made new : © the gear or longer. Rails . percentage losses “ while some of the high-priced shares were d-ovn as much as 4 points. New 7ork Central led its section down, touching a new low at 12%, off 1%. U. S, Steel touched 50, off 1%; :Chrysler was at 48, off 2%; i Anaeory a, 29%, off 1%; Loew’s, 42%, -off 2; Cu Pont, 111%, off 3%, and Westin. 1ouse Electric, 85%, off 4%. Gold m ‘ning issues were particularly weak: th : Homestake- Mining at * 49%, of: 4%. These issues came back + partially -from. ‘the: lows. : Trading was ligh! and price movements narTow as ‘ne noon hour approached. # 2 #”

Business

rl ta Glance ENERAL BUSINESS

Dun’ 4& ‘Bradstreet reports retail rao | {lis week unchanged for last week ¢-d 9 to 16 per cent below & year g:9; wholesale 10 to 25 per cent un der year ago. Fede: al’ ‘Reserve reports gold stock this w:-ck $12,778,000,000, up $10,000,000: excess reserves $1,460,000,000, of | 10,000,000; brokers loans off: $97,000,720; circulation off $6,000,-' 000; Tso 80.4 pet cent vs. 80.4 last week £ 4.805 year ago. - (DRPORATION NEWS

Alas’ © Juneau Gold ‘Mining Co. 1937 ne profit $1,911,286 vs. st 719,~ 490 in 136. Alli¢:. Chemical & Dye Corp. 1937 cotisolii2ted net: income $24,770,845 equal © $11.19 a comimon share Vs. $25,323 “74 or $11.44 in’ 1936. Celo'=% Corp... 3 months ended Jan. 3. net profit $8,403 vs. $268,331 year a East an Kodak Co. year ended Dec. 2 consolidated nef profit $22,347,34: 2qual to’ $9.76 a common share. s.- $18,906,371 or $8.23 in year ded Dec. 26, 1936, . Indi- 2a Pipe Line Co. 30 cents, payab- May 14, record April 2 vs. lik= payment year ago. ‘International Telephotie & Telegraph Corp. and subsidiaries (not including Spanish subsidiary) 1£87 prelim 1ary net income $10,236,148 equa 10 $1.60 a share vs. $4,009,103 or 52 cents'ih 1986. Marshall Field & Co. 1937 net loss $!.554,451 sv. net profit $2,878.745 ecual to 67 cents a common share in 1936. - . : Morn: 'gcomery Ward & Co. fiscal year: ¢tided Jan. 31 consolidated net ingots: 319210, 029 equal to $341 a share vs.. $20,198914 or $413 - veal ago. Pere Marquette Railway Co. February net ‘loss $427,144 ys. net :incomy 3 $150,312. year ago.

‘N.Y, Bonds

By United Press .. BOND PRICE INDEXES : “20 20 20 6 Indus.” Rails Util. Bonds Yester of ..... 18:9 * 55.7 5.6 Week 380 .....:80.2 - 51.8 76.3 Month ago .... 8L3 UJ 79.6 Year 3z0 93.0 91.6 Two “pars ago. ‘92.0. 96.6 1938 High «esse 83.0 82.5 1938 InW ..aee. 79.8 5.6 1987 High ..... 95.0 100.7 1937 LOW ....+s 80.1 81.1 1936 Xigh ..... 948 100.2 1936 ILow ...... 90.0 98.3 (Copyright, 1938, Standard Statisties Co.)

YORK, March 18 (U. P.).—Bonds opene: irregularly lower.

~The. si . today -to nev’ . a stearic ers ra The pots

Net * Oben TE

. 46%;

on esse

—-%

held -_

='%

FOREIGN EXCHANGE

NEW YORK, March 18 (U. P.).—Foreign excha: age lower. Chg cable Rates Ene. Sa 95 11-16 — ne is

bill rate) 8 15-16 —% 11-16 ees 0 3-16

shippers took a load of 1006-pound heifers for the kosher trade: at "3s Music In $8.40, with odd lots of good. lighter El

bulls were figured steady, although the undertone is rather uncertain. Bulls sold weak to 25 cents off at $6.85 down. Vealers opened steady, with choice at ‘$11.50 «and :closed mostly 50 cents lower at $11 and under. -

on : receipts of around 2500 head. Extreme top of $9.15 went to around 4 300 strictly: choice western :woolskins, with ‘other good to choice offerings $8.90@9. stopped ‘at $9, with- lower Brades down ‘to $7 mostly. A «double of choice . around 90-pound <clippers| made $8.25, with others at $7.75. Slaughter. ewes - at. $3. S0g450 were steady.

March

Packing Sows—" ~~ (275-350) Good fags 3

Slaughter Pigs

|| Steers and Heifers— :

Heavy Receipts | Lower Prices [i On Local Mart

9 | Alaska Jun ....

| Bela Hog supplies expected to. teach Bend

around 6000 head. gave buyers here

the opportunity to -bear down -oni|B

live costs, according to. ths Bureau

of ‘ Agricultural Economics. Weights B scaling above 160-lbs. were 35c low- pus

er than Thursday, . with lighterweights and pigs 25¢ off. The loss pushed top on butchers down to $9.40. Demand even at the decline .was not ex-

tensive either on local y killer or|§

shipper account and the undertone continues bearish as killers claim |g hogs at current levels are losing | &

money. Packing sows were down fully | C0

25-cent, bulking from $7.75 to: $8.25, with good lightweights up to $8.50. A few loads. of plain steers and around two loads of good weighty heifers carried from yesterday. formed the bulk of the week-end cattle display. Presh receipts offered little to test values. ‘Eastern

weights [email protected].

East Kodak

d Wheel ...

Callahan Zinc .

210-220-pound | S34

nt Mob Cont Oil Del. Crane Co Crown Cork... Crown’ Zeller ..

Deere & CO «vos Dist Seag ..

Dome Mines «« Douglas Air ..

resser B

Most steers’ were plain ‘at '$7.25@ | Eri

7.75. - All classes ‘of cattle ‘except

Fat lambs were 15@25 cents “lower

Best patives

ceserseeveiiiein 10.00 8 3.48

ow sesescdenosscvance,

9.90 SERA

choice. +3 choice. . choice. . choice. . choice. . choice. . choice..

@moooE,

Sanaa QUIUMUIOUNO

PP 0DOVOO

(290-350)- Good

ves sescene + AEN Fe 00000000

3-300 — gaohk babatoen oomo

Gdod (75-550) Meds

+000

(100-140) ft and cholce. :

0 ©0908 POPNO®

13 da=1 ao on. FE] oo

750-900) { -1100) 100-1300) 1300-1500) C

ice (750-900) ‘Good s 900-1100) |

300) ‘Good (1200-1580) Good | (750-11 HY Medium - . (1100-1300 um . (725 -1100) Common” (plain) .

OO =p

bia 20

PRE IEEEE o 833388533308 0d 23000000 © 00 NOOOOD-T

7. (550-750) Good

= oo oe 9 0 8 oo

faa Gout = 2 “ sueq (550-800) Common ove

Cows

oy Sy S SN~eo Say

8 9

All Weights— Goo gy ‘Medi

Low cutter ‘and cutter. poe . : Bulls > earlings 2XClua _ Good hes; ed (all weights) 504d

: Theis, 500~ (All weighs) Eh Bo e (All w + s) C. oie Cull

—Receipts, 527— 1260-400» Shows

4. _ Feeder: ‘and ‘Stocker Cattle

Stes 500-800) Ch oic a -1050) Choice aoa )0-/ ae coed (500-1030) Medium."

Heifers—

(550-750) Good and ‘cholce v Common, medium.

SHEEP AND LAMBS ~Receipts, 2240

Lambs—

“ete c0ttt0c0s tn nnn

Homestake Househd F . Houston Oil ...

Foster Wheel ..

Freept:Suiphuy. | .

Wood Ind.

nt pf Gt West Sug. -

Sr eronas Cp.

. 17% . 70 . 12% ... 10

Johns-Man

Kalamazoo : Stve 15 Kepnec ott

: md 2.38 ....[, Common % Crum Ores 2. 92 23. 0b F s Cumul Tr

Dep Ins A x

Diversified 3 23 Shrs 1.13

6.29 Forgn Bd 6.72 Found Tr 3.556 Fa In ie 14. 80 Fd Tr 4.30

2. 03 4.24

«+1497 d 2%

.. Blt

NE w YORK

Rw Hi adams Exp .... 8

Allied Stores ...

fe AOR BICI NOD

a FES

DI OO og et aaa

co Hata

DB) «3403 ae

a3 FR

9 cD 22% 22%

Godsh 4 12%

4 3y 9%

™ 19%.

: i

20 Th 14 21% .2T% 27% 10% - 10% lo 52% 52% 511 6% 6 alo 17%

0 12% 10

2% 62% 5712 28%2 Vs

nef 2% T2Y

cane 3080 FE RR

~30 tien FEF

Bs arial HS Sa ata

bon Re SOR

38909 O®-Ir a

18% 17%

Re 11

82%

Ins 5.65| Mach 1.23

Sel incon 30. 14 Sovgn 162 on Ts

d A 1.15/Std d Thi

92 D 1.22 Super AA BB 72 Superyised : St I

5 ol Trst

48 15.83 17.02| * OIil‘B Lia: Fin d

131] © ike B

18 1.13 16) ** L&P. =x a2

Well. Fd:

d Fd Mss In Tr 18.50 Mut In Fd 9.88 Nat-wa sec 2.71 0 vi;

18 . Ya 84%

INVESTING COS

(fav. nar] ‘Cont. Inc.) Inyest Bank Bua i orps: desk Bl 330 03.83

"9.15 . 9.7 2 20.13 21

12.67 13

1 1.97 89

13.17 14.37 7

9.01 13.06 4.19 5.28

Po0m®-Immmn’ Benin

WDM

OBI IN WILD NH =I LIQ DCI ICI TRI aT bot bd bt

Ioma3in doin ie

k 13.72 Tr 2.15

pa els rere ait ped bd oJ DO DON NO DO DOO HDI Is TUN OO

. Supna CI DI0D

143 158 5.80 18.63

CO eID) LION

«... March May.

4 .80|Stte St In 73.50 76. 00 1.19/Super Cp A .

12.11 13.36

LOCAL ISSUES

(By Indianapolis Bond '& Share Corp.)

Jul 1| Oct.

Niles ‘Bement .. Pan Am “Air

By United Press.

[DOW-JONES STOCK AVERAGES

EERE 30.23" 00's Vegbasane neve. a : 1.68,

Mont i os 33 Stor” Prod .. 14% . 18 MUITSY -Z.oooor 0

Net gi gf

Net gS oe 3

HE Bi Th : 8 ve y N° Go Sentra es S14 : Avi has

Fa :

BE dd

Pen see elfter- Brew oe tls Read GC I th O

il Paso oil oe ak

Radio Radio pf N.. -Or Rad cesse

So t Republic Sti... Reyn Spring ..

St 1-8 Fran .. 1 Schenley Dist.. 20

Schulte Sears Roebuck. . MY | Servel Inc .... 13% Shattuck SEE Shell Un Oil .. 13 ilver King evenile oC! 13 jou ou

std G it

GRAIN TIGHTENS IN ‘NERVOUS TRADING

Corn Firm as Dealers Await Foreign Developments.

CHICAGO, March. 18 (U. P)— The wheat market on the Chicago Board of Trade today tightened sharply in a nervous trade. At the end of the first hour wheat was 1% to 1% cents higher, corn

{was 3 ‘cent higher and oats: were

14 to'$% cent higher.'s 5 = Weakness in securities in mid-

‘| morning was interpreted ‘by the

grain trade as indicating a. serious

| turn to the Lithuanian-Polish situa-

tion and. buying increased. All early gains were increased in the growing

| demand by exporters and commis-

sion houses. The news of dust storms in the Southwest also had a bullish effect on prices. Wheat receipts were 37 cars. Corn prices firmed under leadership of wheat. Buying volume was small, however, as most interests in the corn market preferred to wait before ' increasing. ° . commitments. Corn receipts were 78 cars.

. WAGON WHEAT

oy gain elevators are paying for No. re 1c; other grades on their Jnesiis. arn corn, new No. 2 vellow. 45¢c. Oats,

LIVERPOOL WHEAT ’ 1 (Today’s U. 8. Equivalents Based on :

Sion at 3% 95%) 1 of $1 03:

i % & 8}. va oe Stocks

By United Press , March 18 (U. P.).—gurb

NEW YORK * | stocks opened irr egular.

een

CHICAGO PRODUCE . cases: fr aed He ins TH fos than cars, 18c; ote, tars Yak: less than irties, 16%c; €uric] receipts, ‘1 ks, 15%¢c; Storage.

Srocks

loth

Wize

a: Va ana

| Wabi Bash vf A-.

committee, headed by A fat, to restore the fort as it was

oat oR

aaite cess Foe

0 A 2

Van’

Waldorf Sys .. alw A

4B Woolworth .

Wor thington . sus : 1814 ce ie

18% 34%

T eee vaso Ci oung Sheet .. 34%

LOUISIANA FORT |, T0 BE RESTORED

New Orleans: Will Rebuild Spanish Fort as It Was About 1810. ou

NEW. ORLEANS, March 18 (U. P)—An, old fort, built to protect

28. 13 ‘34%

sess sees’

% New Orleans from an invasion that

never came, will be rebuilt—to pro-

| tect. the. city’s legends, History and : ; beauty.

Called Spanish Fort Sapatse all that is known of its history is that Spaniards consfructed it, the crum=bling, weed-covered structure now guards only trim sailboats and chugging tugs on peaceful Lake Ponchartrain. The property, after many. years of negotiations, has become a city park. The park board, Spoiniad : 0 a

about 1810. . “We are in the midst of research, 2 Mr. ‘Moffat said.

der to determine as nearly as possible how:the fort looked when it was constructed in brick.” a Spanish Fort, built by the French, rebuilt by the Spanish and strengthened by the United States, came into the hands of the United States:officially in 1803. According to histori-

‘cal data collected, the present ruins “the rebuilt Siucture h

are those of of 1808; of

tary engagement, according to historical records, the fort was garrisoned on several occasions during conflicts about the city. Gen. Andrew Jackson landed there when he

War of 1812. | CAT RETURNS HOME FROM LONG ABSENCE

MOLINE, Ill, March 18 (U. P.). —Gracle, & cat, is back at the home of Mrs. Lolita- Henry here after eight months of wandering. Last July Mrs. Henry started the cat ona journey ‘to Joliet. - She had promised to send it to a friend

‘take it along in his car. But the cat didn’t like the plan, and when the car neared Princeton it jumped out. . . That was the last seen of it until the other day when, hearing | mewing outside, one of the niembers of the Henry family opened the.door and there was Gracie.

PRISONER TALKS HIS

PUEBLO, Colo., ‘March: 18 (vu. Pp). — Clarence ‘Williams, 24, almost] “talked” "his. way out of a peng.

s tertiary sentence.

‘| delivering a - stirring plea for probation: Judge Harry Leddy was impressed: ‘by the prisoner's desire to get .a job and repay the money until

; “We are: studying | : :| old maps, plans and accounts in ors

Though Bry the site oa a , mili i

tame $9 New: Orleans, dyifig- te

there and a neighbor agreed to |

WAY. INTO. SENTENCE |

. caught, by the. camera in this

Williams: ‘said he wanted to get a job |

rad x

es ‘Completely blanketing in etbusiaem, drama, ‘nuriibers and noise .all previous. receptions to their - Fuehrer, Berliners solidified into one hysterical mass ores Chanesllor Adolf Hitler on his return from

SRnehng the Austrian conquest. In the Tadiontiito

ahove,-he is shown standing in his automobile, acknowledging cheers from the packed ranks which fainmen every inch of his triumphal progress. Re

" Plane S. Warship—and Plane V Wins

A- flaming fountain of ‘smoke-on the high seas, “the Spanish Rebel cruiser Baleares is shown upper left in this remarkable aerial: photo—the only -one. ‘of24ts ‘kind ever taken during actual iwarfare—as. r Pe was being sunk by the bombs of Loyalist planes

Sees Light

Wild with joy, a loud ‘cry bursting from his lips, Amos Franklin Morrison of Media, Pa., was

» striking picture as he saw light for the first time since he bes came blind in 1918. Mr. Morrison recently underwent delicate oper= ations, to be climaxed by transplanting of corneas from other

and the torpedoes of a Loyalist. destroyer. At lower

right, the destroyer is seen maneuvering. The white splotches toward the center of the picture are made by exploding bombs. ‘This.photo. was. made from a Loyalist plane. EE

Proud Mama, Son, and Friend

! Two weeks ago there was a ‘blessed event at the home of: Roy . Wilson, 2243 N. Dearborn St, when Jo, a mama monkey, hore Tony, a strapping son. Tony clings so close to his mother that he is barely “distinguishable in the picture above. Peke. Tony's. father is jailed because of geperal antisocial tendencies.

DOG FINDS WALLET DROPPED BY-MASTER

LORAIN, O., March 18 (U. P)—

Both are friendly “with - the

A SAFE DEPOSIT sia

IS LOW Cost BOX surance

RENTALS—$3 TO. S100

eyes to his own to- restore full vision.

[HARRY HARTZ URGES

The f gr £0 not fepres Sent ® low) but m

dica ate the Spoiodimare’ narset Tove [Rips buyin d selling inquiries . or recent ian

; BONDS

A YEAR—PL!

Security Trust hi 130 E. . Washington

‘oh WPA ‘and marry a.woman with seven children. - “One-to two ‘years in’ “the State Penitentiary, ” the Judge inter~

preked firsts,” 107s torage-packed extras, ipts,’ 750 i35 ee ts,’ ; seconds, 27c; 8 Soames Yoo: ah sentrall tale

Walter Wilker’s dog, “Buddy,” retrieved for his master a billfold he had lost. The half-Spitz, half-wire-haired terrier found Wilker’s wallet

Good and choice fi 2 Common and medium ..i.7. ‘3.

CAGO. March 18 (U. P.). 13,000, nel uding 3000: dirants. , 15 5 cents lower than

Ww Son) ve Norway, oe)

rupted. “There

Austrz ia <oound)

Japan ( ny. EL

"BANK STOCKS

Bid *8095 aunt 8089 41 civiivases 3

Fae ever “Frist... 38

sevvesege #e0csnnce es0ss sens

Bas gy RE ividend.

teen eet I. S. ‘STATEMENT PN. March 18 1D. P) —Gov. ‘focal: year through March 16, | “with year ago: -

,353,416,287.67 $5, S611 830. 5h 2

bps sel 8es

mil 3 1.708 as ga1.900. 4

08081 188 Tad 63 Sa i, 328; 211.0 oy 15 Fodn 's dot tt. Pd. Incr 1,606,000

INDIANAPOLIS CLEARINGS

or eesicssccse.

. hy 120-140 1bs., $8 45;

to y butchers o: 550 3:

g weak; 8 Jower: aoe unngs, comum, $7.50 hehs vestiings $8.75; “Relist Sood 825: fas t

top

cents . lower or arou cliy ped lambs. 25 cent. mp Maren. gp 0.2% ys en wer; -. 6.30 a0. ad 1bs., 5 eh 30 TR 218-8 § "5; 7386.3 80; Taio. 0; AL 0 down; 10! io 10.50}

18 (U. P.).— 300-230 ibs. “ein: |

down; calves;

LYNE. March Market, 20@30c lower: i, "na 9.20; 160-180

40-26 280. 1bs., 05: * 980-3 $8.65; 325-350 1 bos alt amps. $8.50° 37. 50; stags, 8:

FOOD PRICES

% | Caittarass, o fornia, ham

alencias,. Kon igs. 5 ows | (truck EE Yellows

Seo Final: Editon ‘of the. Times

Closing. Stock rine d Other Late News

5 od Mg

an Loan’ Co §

Ind Railwa. [nterstate

Kokomo: Water

Morris 5. & 10c

s 46-51

Asso Tel, dhs 8 Tel Co se ok oi Fel & & er "sha

Indpls Water Co 3s Work

Muncie Water Works

Nob

Ohio Tel: Service da! er ceresii 98 Pub 4

se00ene

Richmond Ww 88

28 pa enae. 203% 00 «1

ater Works 5 % i 8

Trac Term Co 5s 5

Belt R BR!

Cent: Hook Drug Hoo!

+Ind Hydre

BE "i ad 6%. 11: a. 5 % oot

seses

fh ater co

Hub serv’ ub Ser

H i Van Camp Milk Van Camp Milk Co

rr Bia"

2 3 Ya fds com essveses BOY

2 senses 1415

. 80%

13 etpenl0T”

101%

seh. .

Oa oom Co pie 5%%.

Co Bt

4a, ©

RRL

.aBy M. P crab & Co. Market St. Investment Corp... 3L70

*Ex-Dividend

LOCAL PRI

inacavy avy. eed hens. 4 Ibe,

EER

“| ge1.

| DEER H UNTERS ASK

es 28

$89 8 score), - Gti; centralised 8 5

crack ate T8igadc, Seen, eles:

18 a @32} be

18c; A@ 34140 13 lrve : Ri 2 ie ers, Noac: Suthers, he

Twine 14% @15c; , Dalstes, 15%@ Borns, a aca “Idaho iss Bur-

e; de aad.

Ne A Sup i 5, der vy ei J Sariots.

slow: i t, steady: track sales Dg ushel crates, Florida Bliss Frium

Artivals, A: on track, 03, ame

OUTLAWING ( OF. DOGS

ing with dogs before the deer season.

a re.

WORLD-WIDE MAP

are 100 many on WPA right How.” a iis

NO ONE IS INJURED. IN FREAK ACCIDENT

CADIZ, 0. March 13 . BP) ~A heavy truck smashed into an auto- | mobile, climbed ‘an eight-foot embankment and caved in 10 feet of founidation in a house. Neither the truck driver: the two" occupants of the ‘éar, nor the three in: te house received: serious. ries.

SUSPENDS. WOMEN'S

; ips [88 Well 8s his FIREARM PRACT “=| MINER. IN RECOVERY

| a 1

and returned it with $17 intact.

DRIVING WITH CATE

‘DALLAS; Tex., March 18 (U. PJ. ~Harry Hartz, Los Angeles racingij driver, believes that it is not speed }§ that causes highway accidents, but F the fact that drivers become careless. and let. their automobiles get out of control. 3 “The main thing about driving. a car on a race track or on a high-| eo Hartz said, “is to keep it: control. When any driver | becomes careless, he is endanger{ing the lives. ee, the road OW e.”..

ORC

NEW YORK CHICAGO NTO { BEND

Indianapolis oie 200-214 Circle Tower

: 3

FROM 82-FOOT FALL’

“WENA ATCHEE," Wash, March 18} SE) —n. T. Babcock, miner, fell

* Investimen

3 {en