Indianapolis Times, Indianapolis, Marion County, 22 March 1938 — Page 12

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WESTINGH GING

OUSE HITS YEAR LOW IN

MARKET

Oil and Steel Down as Mine Issues Hold Opening Gains.

NEW YORK, March 22 (U. P)— A 3%-point break to a new 1938 low in Westinghouse Electric and a drop of a point or more in oil shares featured a sagging stock market today. Volume continued small. Westinghouse Electric sold at 80%: and then met meager support. General Electric: lost 7% to 35%: and Allis Chalmers was off 3% at 44%. Shares of mining companies with Merican interasts advanced as much as 23 points in early dealings when the Merican resident said his Government did not plan confiscation of foreign-owned mining properties. U. S. Smelting was at 62, Jp 2; American Smelting at 41, up % after touching 42%, and Howe Sound 383%, up 1 after touching 40% Steels easec under the Jead of Bethlehem which was down 1%; at 533;. Losses of a point or more were noted in Chrysler, Montgomery Ward; Standard Oil of New Jersey, Union Carbide. Johns Manville, and Loew’s. By Pont lost nearly 3 points

to 111% »

' Business

{Hold Decline”

cents from Monday's levels in line with further losses at most points today, according to the Bureau. of Agricultural Economics. 1 Too many < hogs were on hand locally, SD being expected to again exceed 6000 tributed to price levels here remain-

220-pound butchers fell to $9.15. outlet and reductions of 25 to 50

movement could be started at all The decline figured mostly 35 to 50 cents. Bulk of the good sows sold from $750 to $8, comprising mostly | D

ge. Curtailed receipts of cattle here, and at other principal markets, held values of all classes steady with the decline Monday. All interests were out to discount: quotations on early rounds, but good outside demand pulled locals into the trade, and although the late trade slowed somewhat, there have been no marked changes. Several loads strictly good year-

ing’ relatively low. Top on best 210- | S¢

Packing sows moved to a very slow |&

THE INDIANAFO!

25 Cents Lowers i

Bor All weights of hogs dropped 25

cents were necessary before any |So%

kinds in the lower end of the price |p,

Eng

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abriel ronze ... ectric .. Foods

Motors... Refract ..

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Adams EXP ooo. (Reduie’ ::

1H, 10 \llegh $8 uve 87 Stores

[Surplus Hogs 8:

Butler Bros pf Butte Cop 8%

Cal Packing ... head, which con-|g

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wee By United Press.

DOW-JONES STOCK TT EnaGES

| 30 INDUSTRIALS —~8.14

Month ag0 .escococoses Holi Year ago 181.87 Yas High, 1938, 134.35; low, 118.41. High, 1037, 194.40; low, 113.64. * 3 20 RAILROADS

‘Yesterday ....... SREY 25:61 —0.0%

cessesssesssse 26.57 +028 Month 880 <ccescvcscscsroaes Holiday Year BRO -«:.ovoececocnnnns 4 SL13 +095 High, 1938, 32.33: low, 23.61. : High, 1937, 64.46; low, 28.91. 20 UTILITIES

Yesterday Week ago Month ago

| Year ago

High, 1938, 21.86; low, 17.68. High, 1937, 37.54; low, 19.65.

oN + High By . 13% 13% % wee (hen

12 9%

0 Amer No Pacific

Ohio Oil Omnibus ...

| Pac Finance ,

Reo Mot 2Ys 2Ya Republic st .. 16% 16%

Schulte R ....

uth Rj South Ry of. perry-Corp . Std 4 Brands: avis

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| vanadium ..... vick ‘Cher

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KANSAS or y ow 600D BEHAVIOR:

“| ELECTION NEAR

"| Pendergast Machine Faces

Most Severe Test of 12-Year Rule.

KANSAS CITY, Mo. March 22 (U. P.).—The city assumed a new dignity today during final preparations for the municipal election March 29, at which the T. J. Pen-

: .dergast political machine, facing a

Anxiously awaited: since the Nazi Austrian coup was the speech Premier ‘Mussolini (arrow) is shown making to the Italian Chamber of Deputies in the radiophoto above. With marked lack of specific approval, he accepied Anschluss as an accomplished

They’ re Really Home-Grown

discussed.

fact. Seeking to quiet fears aroused by the. presence of an augmented, aggressive Germany at Brenner Pass, historic “conqueror’s- gate” to Rome, he declared Italian frontiers “sacred,” to be defended, not -

Double Fame

lings and steers scaling 1000 to 1100 pounds made $8.50 to $8.75, but the bulk graded only medium to good from $750 to $8.25. Choice 630-

t North pf .. 11 ireyhound Cp 10% ryhnd 5%s 2 8% i

QAAAQAAQQAON0D

unified opposition, meets the most strenuous test in its 12-year reign. Gambling houses were subdued

At a Glance

=~ > x3 iB 7 -

fF s

“$606,059 vs. $608,257 year ago.

: year ended Jan. :

Sh rR paye’ ole, April 1 record

~ from previous week.

- months ended Feb. 28 net income

.- ended Jan. 31 net income $737,804

“profit, $4552 vs. net loss $170,511 in

1937 net income $1,326,080 vs. $1,- ; 311,119 in "1936.

2 Gotham Jar quarterly $1.75 on preferred pay-.

aossterly

GENERAL BUSINESS

Oil & Journal reports week ended Mar 19 crude oil production in. United States averaged 3,420,572 barrels daily, up .49,371

Rubber Manufacturers iation, Ine. reports February pneu-

* matic tire shipments 2,348,949 units arrive, closing around $8.65. Vealers

vs. 2,489,589 previous month and 4,370,630 year =go; output 2,211,689

vs. 2,743,174 previous month and . 5,245,894 year 2go. 1

CORPORATION NEWS

Arkansas Power & Light Co. year ended Jan. 31 net income $1,416,330 vs. $1,195,543 in 1936.

Bangor & Arcostook R. Ri Co. two

$347,545 equal to $222 a common . share vs. $287,540 or $1.66 in 1936. ‘Bardstown Distillery, Inc., fiscal year ended Oct. 31 net income . $72,313 equal to 20 cents a share vs. $225,251 or 85 cents year ago. Birmingham Electric Co. year vs. $649,528 year ago. Callahan Zinc-Lead Co. 1937 net Joss $91,912 vs. 568,704 in 1936. Commonwealth & Southern Corp. reports - Pebruary electric output 581,988,317 k.w.h. vs. 661,469,573 year ago, off 12 per cent; year ended

Feb. 28, output 8362837 kwh. vs. {}

79717,072,547 year ago, up 4.8 per gent. Engineers Public Service Co., year ended Jan. 31, consolidated net income, $3,814,187, equal to 78 cents a common share vs. $3,018,819 or 36 cents year ago. Idaho Power Co., 1937 net income, $1,534,648 vs. $1,140,792 in 1936. Kansas City Power & Light Co, 1937 net income. $4,360,143, equal to $7.85 a common share vs. $4,710, 405 or $8.51 in 1936. Keith-Albee-Orpheum Corp., 1937 consolidated ne: profit, $1,300,888, equal to 70 cents 2 common share vs. $1,237,141 or 65 cents in 1936. B. PF. Keith Corp, 1937 consoli< dated net profit, $1,042,628, equal {0 $2.60 a share vs. $1,056,257 or $2.64 - in 1936. Louisiana Power & Light Co., year ended Jan. 31, ne’ income, $1,153,568 vs. $1,039,205 yea: ago. Mississippi Power & Light Co, year ended Jan: 31, net income,

New Orleans Public Service, Inc, year ended Jan. 31, net income, $1,035,214 vs. $546,225 year ago. , Puget Sound Power & Light Co., 31, net income, $1,- . 746,363 vs. $1,714,239 year ago. Salt Dome . Oi! Corp., 1837 net

1836. Virginia Electric & Power Co. year ended Jan. 31 ne! income $3,371,613 vs. $3,192,708 year ago. or S. White Dental Manufacturing | 550 1937 consolidated net income a equal to $1.30 a share, vs. - $406,268 or $1.35 in 1936. H. F. Wilcox Oil & Gas Co. 1937 net income $127.282, equal to 24 cents a common share, Vs. $18, 578 or $2.95 on preferred in 1936.

Yale & Towne Manufacturing Co.

DIVIDENDS Silk Eosiery, Inc., regu-

able May 2 record - Houston Natur:l al 2 op. *20 cents on new SION, payable March 31 record March 24 Ritter Dental Manufacturing Co.

% errec. payable Apt 3 1{1bs $142 on pret Directors took

31. a due at this time Bution Co.

payable June 1. Directors. ook To

(Copyright, 1088. by United Press) ere —eta meer eer

01 PRICES - n 22 (U.P).

: Suid har Sy se. vos Wage.” so fe. Solna

Co! 8Valencias, $1.40; avers, $1.15.

Sid Edition of the Times L wifor

regular ROChoSL cents on preferred sais:

ram goADDles— g

pound" heifers scored $8.40, most good heifers of various weights $7.85 to $8.25. Good weighty beef cows scored $6.50, other beef cows $5.50 to $6. Best bulls stopped at $6.75 in a firm trade. Fleshy yearling steers with quality sold to feeders at $7.50 to $8.25. Strictly choice 767-pound fleshy yearlings” were brought to

went unchanged with tops at $10.50.

-220) Good . (220-250) Good oa a3) Good

00D COD

86. +1:3-300 W100 10S > Oe ooo OSU ,

® SRIBEnEdOD QANIIOLNO

(550-750) Good

(750-900) Good (550-900) Medium (550-900) Common’ All Weights—

(All | weiss) Medium: .. Cutter and common Vealers ==Receipts, 500— (All wei hts) Choice (All we eights 8) Medium (All weights Cull and m

—Receipts, 668— (250-400) Choice . Good

porn=a 2833 ‘9088 SH =n 3332

S525 a3 H-300000 33 Sgssee

0 ( 800-1050) Good (500-1050) Common

Heifers— (550-750)

at 88 89

Good and chofce.. Common, medium

SHEEP AND LAMBS Receipts, 3125—

AS HN-1-3000 -) o

, 22 om

Lam

Bwes— ! Good and choice Common and medium

ICAGO, March 22 (U. P.) —HoRs—Re- | SAR 15,000, inclu ging 4000 re market, slow, uneven, 10 t , 25C off on weighty Butchers:

bs., : Sio-1% 1bs., $8. kre 25; 0-ib. packi: Sows, Solves,

attle—Rece 2000;

cows, steady to weak: all epresentasive

[email protected]; early feeders, seh at $8 top sausage bulls, $6.50; few Choice wel n; 10 ealers above $10. Sheep—Receipts, no directs: ie Monday fat lambs.

8000: 22 Sc off choice wool si st.25ab. of: Lom,

75; sheep, weak to AYNE. In Ina, } March 23 22 Si Rb $8.75}

ak WAY! 180-200 ibs, $8.85: 180 R Cn 260 ibs Ios $8.75; 260-

0-30 1bs., 5 33.85; 85; $3io- i 45; 300-325 | 7

0-300 -4 Ibs. 85.300 350 1 40-160 1bs 85 85; 120-140 1bs., 8. 30; 1 50-120 1 1bs., $8. 20.

50; stags, + calves, $10.50; no st. oo stag 3 : Mar 3 ah

LAFAYETTE, (U. LA an Harket tc lower, bs., 9.10; $8.5 6-313 ths. sgl £5, Jug ie 50 yg o iis down? 5 es, 80. 50@ aio; lam {rouge ti #)_ Hogs direct;

$9.20; 360-315 | XP 25@8; packing ips, %ar ‘calves, 2%; Active, steady, oad fifht year Jad Ca Dovel be 5 ters and He , $1308 0: a sausage b $7; vealers ostly Be piactoal 238, i i iy 120 di teady. largely Hominal; good and choice gos nd. an *Vethers quote from

and m 36.200 2088: me ewes mainly

U. S. STATEMENT

toms y's Gold Eden ad Incr, . $1, Co s CLEARING

Hom

Hinde & Dau .

estake

500; A market, Br oady. slow; hefiers, Wii uils, steady and

Rush Jobs Make Us Sele Hendren Printing 3

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Yesterday Week ago Month ago .... Year ago Two years ago 1938 : 1938 1037 1937 1936 1986

& E El B & S Humble Oil

The followin ] indicate

Ameri n. Loan

Frac Term Co

Beit RE St

Ooiont Fite. Go Van Camp Milk

xEx<Dividend.

Bankers Trust Han

83 | First National |

Ting.

a City

(Copyright, 1938,

Am G, vere: 23 Creole Pet .... La Land & Exp 7% Lockheed Air 1% - Mich 24 ee c Oil . tang Pot Ky -.

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.)

com &

20 Rails 56.1 58.0 65.1 96.5 92.0 50.0 54.6 101.2 69.3 100.4 84.7

92.0

Am T&T 3Ys 66 B&O 5s 96

High Low 23 22; 6% 65% 7% 1% 63% + 8% 16%

& be 16%

N. Y. Bonds

By United Press

BOND PRICE INDEXES . By United Press

60 Bonds 5.4 6.9 99.8 97.2 96.4 82.5 4.9 100.7 - 81.1 100.2 93.3

20 Utils. 90.8 ‘91.9 92.5 102.7 105.3 95.4 90.6 106.0 92.3 106.2 108.5

dir Statistics Co.)

NEW YORK, March 22 (U. P.).—Bonds opened irregularly higher.

Open Change:

Ya Ya ¥

Curb Stocks

2 NEW YORK, March 22 (U. P.).=Curb stocks bpened steady. 2

Net Close Change 23 oe

0% +

——

quotations do not repreor offerings, but merely

the approximate based on buying and selling recent transactions.

BONDS Co Se 46-51. .

STOCKS

Yds com Yds pfd Cent Ind Pwr 7% Home aay Ft W 8

62%

Co com

Van Camp Milk So a,

- | Bank of America : .{ Bank of Manhattan

Bank of i New York Trust

geese

ew York Trust 0.000 he Guarantees Tas

market level inquiries or

‘Bid >

Ys % Ya Ya Ys

ni RALLY BRINGS WHEAT UP

Corn Prices Fall Under Moderate Hedging.

CHICAGO, March 22 = P)— Moderate buying began around midSession on the Chicago Board of Trade today and early losses were erased. At the end of the first hour wheat was % to % tent higher, corn was 14 to 1% cent lower and oats were % lower to % cent higher. Initial offerings based on weakness in Liverpool, were quickly absorbed and as buying continued a rally began that quickly advanced prices above the previous close. Receipts were 21 cars: Liberal country offerings of corn continued to be received and prices failed to strengthen. Moderate hedging pressure was felt in the corn pit. A local operator and export interests, however, remained interested in the buying side. Corn receipts were 133 cars.

ARGENTINE GRAIN 0s March 22 (U. 2.).— Grain futurés os Sasy. oz Wheat—April, 39% ae. off Yac; Corn—

g 1, ghar ged ose ie nchinged ed. en . unchan; $1.28%, Rinéhanged., pets

CHICAGO PRODUCE

Eggs—Market, s, 25,271 : fresh graded fi firsts, isc; less jban cars, 17 tra firsts, cars, istgo: ss than cars, 18%c; dirties. doves: a receipts, 18%c; checks, 15¢c; storage acked firsts, 19%¢; storage "packed extras,

9%ac. Butter—Mark , Steady; Jeceipts, 832 332.80 .; extfa firsts (80-9 59 3 ex Soars). ees trate Ha : eae rds, 29%

ing fo r No. r r aeriis

firmer: receipt

ceipts,

: 3850 Tesh

se—TwWins, 1% @1485sc; asistes, 1% @l 5c *Yonghorns, 14% @15c. Potatoes—Supplies, = liberal; ‘dem tot firm. Idaho R!

North Dakota ih, “$1.10; North kota Early on} Beas 10; Wisconsin Rang stock: go gr market appl track sales, carlots, ushel crates; Florida Bliss Triumphs,

1.60. re 92; on track, 324; shipments,

LOCAL PRODUCE

icken.—Heavy’ breed hens, Bn hem, 1 Be." heavy br oh Sci 88:

1bs., 20c: Leghorn broilers, 1%2-2%2 Ios., 18c: old rooster

9c. gs—No. 1 Tirictiy jresh country, run run. 1474c.

(Each case mu gross A net deduction ull ste under 55 lbs. Butter—No.

ade. 32a ( 33c: Yo. 2, 28%:@ ws, Butterfat—No. 1. 27¢:

No. 2, 26c,

PARIS, March 22 (U. P.).—Renewed weakness developed in the French franc today following the opening of debate in the Chamber on new defense measures.

NEW YORK, March 22 (U. P.) —Foreign exchange firm.

A Totes on major curren

Lt pid 6% ...° b Serv Co pid 5%%. . Serv 6% %

{By M. 7 0 &#Co.) Market 8t. Investment Corp... 21.50

BANK STOCKS

» Steck - Quotations |||

Inc.

“14 oslavia ( > Zeal.

Cable Rates Change .$4.96 11-16 --.00%

ade I: Tgs

England (pound) Eng. (60-d. bill Tate) 4.95 I dolla .e a0 aCe eer

werd

Belgium ( elga) ‘un Germany. (mark) Ger. (travel mark) Switzerland (fran H ild

SEE

ole HE i ®®

oTuna) Lo cose’ Finland (markka). |

pplies moderate; * demand.

Following are n cable hrs hoon,

and barrooms were observing the closing hours for one of the few times on record.

Increasing the troubles of the po-

today by the Board of four election commissioners which would tend to

] enforce the secrecy of the ballot.

The Board announced that voters who ask assistance from election judges in marking their ballots shall be required to, sign an oath giving their reasons for so doing. * Under past procedure, no oath was required, and controlled voters were given to understand that they must let the machine’s election judges mark their ballots. Coalition leaders, whose candidate for. Mayor is Col. Frederick E. Whitten, 49-year-old lawyer, believed that much

of the controlled vote would be lost |

to the machine if the ballots were kept secret.

Governor Names Board

The Election Board was appointed a few months ago by Governor Stark after he had severed relations with Pendergast, and the four Commissioners were named without the boss’s approval. One reason for the closing of all centers of night life at 2 a. m. Sunday was said to have been a report that state policemeén were congregating here for what might have been some raiding parties. Barrooms and night clubs are required by law

6c | to close at Saturday midnight, but

the custom is for night-long revelries lasting until Sunday dawn. The machine’s candidate for Mayor is Bryce B. Smith, the incumbent. The election will provide the first gauge of public sentiment since - Federal authorities began to purge the Pendergast faction.

RARE, DANGEROUS CATTLE HAVE CALF

ST. LOUIS, March 22 (U. P.).— A pair of rare seladangs, a wild breed of bovine from Tibet, gave birth to a calf at the St. Zouis Zoo, believed to be. the first seladang born in captivity, it was disclosed ij von | The seladangs were purchased

and, from Frank Buck, animal hunter, in

1936, for $5000.

sharp-pointed horns. - Their cage bears a warning “extremely dangerOUus. ”»

MEXICAN COMPOSER. GETS COMMISSION

PHILADELPHIA. ‘March 22 (U. P.).—Samuel R. Rosenbaum, .vice president of the Philadelphia Orchestra Association, has chosen Car-. los Chacez, distinguished Mexican

‘| composer, to compose a harp con-

FOREIGN EXCHANGE |

certo.

New Business Books Available at Library.

The following new" Business books now are available at the business branch of the Indianapolis Public Library: :

FA( DEPRESSION: by w. ifs, oRzATEeT acThe. Dated by CY ra le ely domi: control of either oir own oF any erie

litical boss, a new rule was invoked | |

Seladangs are black with long, |

I es

Miss Betty Sue Woolling, Park Department employee, Znspetts this bunch of Indianapolis-grown bananas tempting. visitors to of A. C. Sallee, City Parks superintendent. at. the Garfield Park greenhouse by O. E. Robinson, the Department's chief florist. Five months were required to grow this bunch, Mr. Rob-

inson said.

Times Photo.

the office The bananas were grown

Plunges Through Trap Before Noose Is Tied

MOUNDSVILLE, W. Va. March 22 (U. P).—Warden C. E. Stone of the West Virginia Penitentiary announced today that because witnesses at last night's triple hanging had misbehaved, he would permit only officials and newspapermen ; to

attend future executions. There also was a technical flaw in last night’s hangings, in which Arnett Booth, 46; Orville Adkins, 25, and John Travis, 25, were put to death for kidnaping Dr. James I

PORT FOUND HANDY FOR ERRANT SEAMEN

PORT ALBERNI, B. C.,. March 22 (U. P).—This city on the west coast of Vancouver Island is fast becoming known among foreigngoing seamen as the port of missing men. 5 “Cargo ships generally stop here for two or three days before proceeding outbound. Many a sailor who .overstays his shore leave in Vancouver barely manages to reach his ship before it heads for foreign shores. *

MANY BROTHERS IN OREGON GUARD UNIT

‘SALEM, Ore, for March 22 (U. P.).— “Brothers in arms” is not a trite

phrase in the : Oregon: National

Suare, as statistics compiled in the mmanding 's office here pon that 320 men have brothers in

| the same Guard unit in which they

are enlisted. There are 140 pairs of brothers serving in the same units. NOVEL SPEEDING EXCUSE o

E, that the ice cream in el Joseph

was then put around his neck.

Mass, March 22]

Seder, former superintendent of the West Virginia, New Mexico, Wisconsin and Massachusetts chapters of the Anti-Saloon League. Adkins was dropped through the trap before the noose was placed around his neck. He was picked up in the gallows’ pit, carried back to the platform and then hanged. Because the gallows could Soca modate but two men at a tiie, the warden flipped a coin and Booth chose to die last.. After Travis #nd Adkins had climbed the 13 steps of the gallows in the execution chamber, 80 - of ‘Warden Stone's _| guests—including one woman-— were ushered in. There was much

which continued despite repeated admonitions from the warden. Just as Adkins started to the trap collapsed and he shot down 12 feet to the concrete floor of the pit. Prison guards carried him back to the platform. . The noose

| Travis meanwhile waited with the noosp around his neck.

WOMAN DISCOVERS | ‘SLEEPY’ INTRUDERS

WEST. PALM BEACH, Fla, March 22 (U. P). — Mrs. R. A: Stroniger had a surprise when she awakened. In one of her bedrooms

Captured shortly afterward, the two youths sajd they were “just sleepy. y

SCHOOL'S BELL STOLEN

CONTRA COSTA, Cal, March 22 P)—The Lone Tree School here 4s bell-less, Thieves climbed to the top of its 35-foot tower and

laughter and joking among them, |

she found two boys fast asleep. She | called police but the boys escaped.|

Being decorative runs in the family of 81-year-old Mrs. Inger Nelson, above. She’s the grandmother of Ann Sothern of the films, and herself is one of the most popular models at the Minneapolis School of Arts, where she lightens the rigors of lone. posing periods by knitting, dress is one she brought with The from Denmark nearly half a cen tury ago.

GALE KILLS 2000 CHICKENS

SALINAS, Cal, March 22 (U. P.). —In a recent 72-mile gale over; this . part of California, Earl Albertson had 2000 Chickens | killed.

You do not have to go downtown for drug val‘ues. See our ad, page —. At your nearest HAAG "Store.

ll Quality

Office. Furnishirigs help build more business ‘Consult our Planning

Dept. for the proper : rhe furniture, wall and

blinds and ee PHONE Mr. Perry L. Bogan, Manager of Car; petings, for the proper selection of office floor coverings. PHONE LI. 8515

oor to Ceiling Service”

[[SINESS | URNITURE 0

Lg .

in some Soma Way mad off With ties |} pound bell.

as. i

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