Indianapolis Times, Indianapolis, Marion County, 1 April 1938 — Page 22

PAGE 22

STOCKS CONTINUE UPWARD TREND

ON FIRM VARKER;

High Priced Tastes Score Sharp Gains.

NEW YORK, April 1 (U. P)— Pressure lifted on the stock market today and prices rose one to more than three points in moderate turnover. Around noon a firm Yone was noted in all sections. Short covering raised prices sharply in the high priced issues. - Foreign operators who were sellers JeSieraay returned to the buying e. At noon U. S. Steel was at 40%, up 1%; Westinghouse Electric 66%, up 3%; Chrysler 387%, up 1%; American Telephone 113%, up 2%; American Smelting 31%, up 1%; International Nickel 40, up 1%; Union Carbide 61%, up 3; Johns Manville 614, up 2%; Case 66%, u 2; Standard of New Jersey 41%, up 1, and U. 8S. Rubber preferred - 61, up 3. 2 = =

Today’s Business At a Glance

GENERAL BUSINESS

Dun & Bradstreet reports retail trade this week unchanged from last week and 6 to 17 per cent under year ago; wholesale. trade 15 to 30 per cent below year ago. ; . Federal reserve reports gold stock this week $12,794,000,000, up $13,000,000; excess reserves $1,560,000,000, unchanged; brokers loans off $33,000,000; circulation up $4,000,000; ratio 80.5 per cent vs. 80.5 last week and 80.5 year ago.

CORPORATION NEWS

Alleghany Corp. 1937 net profit $0,750,560 vs. net loss $158,382 in 936. - .

California Petroleum Corp. 1937 neet profit $5,819,668, equal to $2.82 a share vs. $2,543,399, or $1.23 in 1936.

Chesapeake Corp. 1937 net profit $9,808,844 (exclusive of $1,576,338 profit from conversion of bonds into common stock of C. & O. Ry. Co.) vs. $10,241,376 (exclusive of $1,443,-

709 profit on bond conversion) in 3

1936.

De Jay’ Stores, Inc. fiscal year ended Jan. 31 net income $123,896, equal to 87 cents a share vs. $267;885 or $1.87 a year ago.

Interiake Iron Corp. and subsidiary 1937 net profit $2,402,553, equal to $1.20 a share vs. $581,143, or 2 cents in 1936.

- International Railways Co. of Central America February net income $101,365 vs. $150,864 year ago.

- Shell Oil Ccrp. 1937 consolidated net profit $20,668,880, equal to $1.44 a common :share vs. $22,494,364, or $1.57 in 1936. (Copyright, ‘1938, by United Press) = °

J) Curb Stocks

By United Press NEW YORK. April 1 (U. P.).—Curb stocks opened higher. Net

El B & Mag Hud P La Land 5 Ex

CHICAGO PRODUCE

Eggs—Market, unsettled; receipts, 37.319 cases, Fresh graded firsts, cars, 17@17i%c; less than ears, 17c. Extra firsts, cars, 18c: less than cars, 17%ec. Dirties, 14%2c; current receipts, 15%c; checks, 1l4c; storage acked firsts, TY l2¢; storage packed ex-

18%ec. . Satter. Market, unsettled; receipts. 692.Pp ; extra firsts (90-9112 27% @28c; extras 9 score), 29c; oh '2415@25%c; seconds, 22B 23c ; _Specials, 29% @29%c; standards, 27% @27%c: eentraliacd La score), 24%ac: centralized 89 score), 0B ary Market. unsettled; receipts, -27 trucks: ducks, 18@22c: geese, 13c; hens fais: spring. chickens, 24@26%%c; Leg. horn hens, 19'2c; roosters, 13%c. Juirkeys, . 1542 26c: broilers, Bon yk 23@25%c. Cheese—Twins, 4, @14%c; isies, - 14%; @15c; Jonghorns, iisais iC. Potatoes—Supplies, moderate;- demand, light; ma ii steady: banks, 3 4212 @1.50; Ohios, $1.10: Minnesota, Riise “Triumphs, $1.20; Wisooasin Thesot ‘Whites; 3 Wis- * eonsin Cobblers, U. S. Commercials, $1; Wisconsin Russet ‘Rurals,. $1.10. New Stock—Track .sales, carlots; Flo rida. Bliss Triumphs (jer bushel erates), 1.55; (less 0: supplies. mo exas Bliss

1. pplies, thodeyate: de-] mand, Birra market, stead

Early

Arrivals,

U.S STATEMENT

WASHINGTON, April 1 (U.

P.). —Government expenses snd i receipts for the $58

* current. fiscal year through March

compared with & HR ago:

Expen «35 Receipts Gross Def..| Net Def

» 5 00 bo 2 +) ¥

b- 4 po

956.193, .54 34,674. 440] 564, oot 350, 683 ..unchanged

Bit, poet ani edt a Some Gold rt. Siciba S CLEARING HOUSE Penta. iii 39.000

WON © 30

- & Brag treet’s daily weighted price of 30 ic commodities, comnited Press (1930-32 equals 100):

: , (new low) couse i 10048 Week BED aecicvesssoviness HOTT Month 880 |«c.ceeeessonees. 11346 YOAr BRO ive ensrvicaneses 157.28

1938 high (Jan. 10) ......,...117.06{

rch 31)..........109.48

1, (U. P.).—Follow-

ing pre opening irl rates on major: cur-

Canada (dolla; France (franc

Denmar! Japan (ven)

)D PRICES

nfo, he Soo P.).— bushel SU

5. [email protected]. crates, 23

: $0982.50. Yellows,

Idaho Russef Bur- | Heifer Dakota

$1.50 7,

track, Yaar; shipments, | >

| Continental

Ten Cent Rise Marks Trade

all weights of hogs today followirg yesterday's low levels, according to the Burgau of Agricultural Eco- ; everal. lots of strictly choice “and closely sorted hogs, mostly ; dight and} medium weight offerings; sold slightly above sched-

ule prices, none affecting the early top of : $8.90 on- ‘best 210-220-pound butchers... Packing SOWS. were up 10 to 15 from $7.25 to $8, but comprising mostly medium ‘and heavyweight sows at $7.25 to $7.75. The fat cattle market closed the

reported improvement. in ‘the dressed trade at principal consuming centers. "Eastern takers. bought | € around three loads of strictly good | & and choice 1123 and 3id7-pound | steers at $9 and $9.25. All interests - have competed | throughout the week for both heif-

steady to strong against a week ago. Good mixed yearlings today

to $6.50, other fat cows $5.50 to.$6, with. thin cutters $4.25 to $5.25. Vealers remained unchanged at the week’s advance, best handyweights going rather freely at $11. Stocker

to the light supply available, the only transaction worthy of mention

yearlings steers at $7.75. Most of the wooled crop of lambs sold straight to local killers at $8. 25, consideréd about steady with sorted good to choice ‘offerings quotable at $8.50.

* (oe 350) Good Packing, Sows— I 50 Good (429-430) Good 11: sla (275-550) Medium ...

Slaughter Pi (100-104)

OND =I Di ED orn ouowm “SUTIN oO No 0999988

Good 2nd ch oice..

Pu 9993 ewe 09 ©3989

iia

—Receipts, 574—

(750-900) Choice (900-1100) (1100-1300)

(1300, 1300) Goo:

a suoooNUM-Ima=Iw . COINS NUN INO S 9899599908 0 300000000002 © © 0 0 oo mIaaIa aL NSS TI nD Ov

(550-750)

50-900) G 550-900) (230: 900) Common ..

PI 9 B3W@II 0m

All oe ts—

Bulls Yesriias, Brcluded (all weights) —

6.00@ 6.75 All weights) Medium 6.00@ 17.00 Lutter and common

5.25@ 6.00 Vealers —Receipts, 500—

(All, weights) Choice (All weights) Medium . (All weights) Good ..... Cull and medium

—Receipts, 446— (250-400) Choice

Sodium’ ? Common

Feeder and Stocker Cattle -800) Choice 50) Choice 0-800) Good: :. 1050) Good ... 50) Medium . Common (550-750) Good and choice.. Common medium SHEEP AND LAMBS —Receipts, 995—

ou o-amuoo So Shooos 9 99RRe Oo axxo 2a camo oun oo acooco

A. 3 Lambs=~+ Choice Sood | . 0 “Medium jCommon

ood: and chotce sasessensse Common and medium ......

Secsecccsvescesssncnns

®svscescssescsen sere ®eseccssivscssrsccss

ssscecencen

X es nie "CHICAGO, April 1 (U. P.).—Hogs celts 16, 000 jneinding pho rms slow.’ most] y 5 to 10 cents lower; to $80} ood, choice 1702 340 fos. 0 vg. $8.

choice 140-160 ne packing sows $7.50G Gattie= Receipts, 1000; 1 ves 500. All killing classes active, strong; bulk steers Somuion and medium grades; market 10 o 15 cents higher; most steers’ ad YoarIngs 5 Peas 00; practical top $8.40; hei ers. $6.7 most fat cows $5. 0a 00; cutters 4 Ios 25; few weighty sausage bulls $6.50; vealers 25 cents h gher; selects $11. up 50 cents. +“Sheep—Recei ts, 7000 including 700 directs; late Thursday fat lambs closed Shep ot to 15 Sons s Bigher: top $8.65; bulk @8.50 .50;

‘today’s Chics wooled lambs 35 Ents up at

Ys S: FI WATE rll 1 (U. B)—Livestock: ibe Ea 10 ee ee Ho Pe 56- 180 0: 552 240 Tha $8.90: D40-360 oer se ap:

good 8 350- 550,

.60; bs., $8. 45: 28 0-300 ibs.c- $8.30: 300$8.15; 325-350 1 $7.95; 35. 35; 120-140 lbs., 55. 10; 1002120 1bs.,

ughs. $7.50; stags, $6; calves, $10.50;

Mion $8.25. s LAFAYETTE, April 1, (U. Lire-

( cents

393 1bs. 3.10

sto¢k: Hog market- 10 220 1bs., ?D 8.70: 240$8. ses. 40; $8. own. Roughs. $7. Se fo $7. 5008 .00.

‘BANK STOCKS 36 23! Ya

5 down. . Calves.

Ask Bank of America .... 8 Bank of Manhattan Bankers ust Bank of | New york Trust Brooklyn Trust Central Hanover ...... 78 81 Chas . 24Y, 25% Chemical tedeeas sesssesnsases 0D 27 Commercial

edssesssscss esses 1

ng DS asinine: National City .....cecceieeun New ork Trust ...

sssscsssssens

| Title “Guarantee a.

See Final: Edition ‘of the Times for

sot Closing : Stock: Quotations. |

Leto News

In Local Yards 3

Buyers conceded a 10c. upturn on.

cents’ and more in’ spots, bulking |S

week in a healthy manner, due to |g

ers and cows, both classes closing |¢

scored $8.15, while.good and choice | Son heifers this week have ranged from $8 to $8.75. ec Good beef cows are valued at $6

being the sale of a car of fleshy |D

. Gair Roby

5|Am HC m oD

140-160 | 1

20 41%, | Hi 339

THE INDIANAPOLIS. TIMES

By United Press.

YORK STOCKS

ee Bn

High Low —A—

Net Last Change

ska Jun egh Corp .. en Indust ..

—- 8

3020060 1 1 G1 1 0 23 1 Fe Fuses

Tobacco .. 58%2 ‘Tob B .... 61 T ype ® 3%

A. r W.. 6% m Woolen pt. 24 ily nec

I Ee Armour Ill .... Armstrong ck’ . 2 Arnold Const .. 512 \tl C Line .... itl Relining .. 182 pf A

108 Te 12% 11

Borg-Warner.. Bdsept Brass.

Cannon Mills . Celanese Ya Cent Foundey.. 2s 3a vii B . 24Y, ChMStP&P pf’ citi hi & Nv Ry pt 2% Chi RI & P 3

‘Cutlér-Ham and feeder sales were limited due]

Deere & Co ... Del & wens

5% 13 - . 48; 34%, 9 aE wo 338 « 11% "6% 2 18%

Dome Mines .. Douklas he es

3% 11% 17 6% 0

Eris Prod ‘Exchange Buf..

1Y% iY 16s 16% 123% 12% 1% 134

Fed Wat S A... Firestone T ... Flintkote Follansbee Food Mach ...

9 | Foster Wheel ..

Freept Sulphur.

Gen Gen Gen Gen Gen (Qigar Gen

+++ HEHE HE

+++:

Goodyear : Graham aPige.. anby

INVESTING 0. 'S

{By the ny, irs. Conf., fine.) Bi Bid. Asked. Adm Fd 2 8.74 Effin, Bank Lorps: AfTil a 3.19 Bl 4, +13 2

p 15.25 2.59 1. 18.99

11.72 11.61 6.89 10.78 3.36 4.77 16.52 8.83

J+

Brit Type Brd St

Bull Fd 9.75 Cent Trst 17.57 omit In 2.50 pf 3.50 5. Crp Tr £h 166 .... AA" 6.

. -3 Ne — oS NOUN

be pt pet mR NONARLOSOD I: = Dl gmaooamoidn Ope

2 ko Lo] pe] on - Qo 0 o wm - a

BERare ws EORy - Sox o

ir] o* o 2 [] P=) Sd Ha NW 0 HEsEGoARONINGNG

TI. RB OaNNDRD oO 00D i 4 00 CO =]

DN BRIO RWW" WROD HWM TRO 0 . .

Sadi

39.0 For Bnd 5.78 Pnd Tr_A 3.00 Fd nv In 13.12 cA 3.53 “" 3.20... Gen Cap 23.83 TH Gen Inv T 3.52 3.83;Sup Corp A 2.3 Group Securities “DPD Auto 5 “w.c 87 96] “ D 91 1. “ AA . ‘“ BB Supervsd 7|T! Tr St In 3 “ Oil A

Gt i 80

CBUBIVSRISGH228438

Hur Corp .83|T Incrp HA 14. 32 15.07 Instl Securities Ltd. |USEL&P A Bk Grp .98 1.00 Ins Grp .98 1.08] * vig

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The following quqtations do not repre-

indicate the approximate market level based on buying and selling inquiries or recent transactions. BONDS

American Loan Co 5s 46- 31 els Ona nd Id 55 W site & 23

H Tel & To nw

M Noblesville Ohio el Servie 6s a..

I I [=~ ;

is. H Water Works 6s 9.5 [rac Term Co 5s 57... STOCKS

Belt RR St Yds com....... a Belt RR Yds pfd sess "9% Py ree

St Cent Ind Pwr Home T&T no 7%

n Sery nfd Ind Hydro Elec * 713 .e Indnls Gas c Indpls Pwr © "Lt pid 6% Tndpls P&L 6%2% Linc Nat Life

Van Cam Milk Co £0 Van Gamp Mik .Co cy pe (By M. P. —_ & Co.

xMarket St. Investment Gorn. Avg mos : FER Dividend.

LOCAL PRODUCE

Chickens—Heavy breed hens, horn hens, 12c; heavy broilers 20c;. Le Sghorn_ ‘broilers, 1%2-2%

old roosts py, trict) fresh count nn, Gi . ne ach “62 A Im "i, 5 Tie gross. . A net ts

ls he

| | NEW : opened firm, -

sent actual bids or offerings. but merely | (

OW-JONES STOCK AVERAGES

80 INDUSTRIALS esterday ..cccccvcenceescss. 98.95 eek AZO ...ecssscvosssosss 108.57 onth ago CAL BED ....ovesst High, 1938, 134, 35; low, Ie 1937, 194.40; low, 113.64. 20° RAILROADS sesesssasssssesevss 19.00

-2.02 =8.07. —0.44 —2.44

High, 1938, 32.38; low, 19.00. High, 1987, 64.46; low, 28.91, 20 UTILITIES esterday ssvessenssecse 15.04

| High, 1938, 21.86; low, 15.14. | High, 193%, 37.54; low, 19.65. | 70 STOCKS Yesterday ....ccccecesevcess. 3110 Week AZO ...coceecsescnsssse 33.80 onth ago ..ceoesveee

High, 1938, 44.42; Tow, 31.10. High, 1937, 69.67; low, 38.87.

Low Last ii

: are 10

H Ta reyRound Cp.* reyhound pf .

arb Walk ... ecker Prod . erc Pdr olland Furn.. Homesiake ” foud-Her A. oud-Her B ... ouston Oil ... owe Sound ... 2 Hudson Motor... 5% udson B Min 21%

“3 35 % |

Ya 5 1;

5Y2 21%

11 Central 8% d Ref

nspiratn Cop. . nterlake Ir .. nt Hyd El A.. mE Nickel . nt Tor oe sa’ 61% —te- | A 5% te 20s

15s 127 ;

ennecott eystone Stl Kresge Si Kroger G&B

+++ + HEHE SE HH

15% .e 12% —f Leh Val RR ... 3% hn & Fink. . Libby McN& life Savers sink Blet Loew's oft, Inc lone Star Cem. 26 % Lon oe 22 ,orillard budlum Stl

Macy RH Martin Gl .. VICK Robb. .

Vi Mo Vi

DH Sat +E 4

ash-Kelv at Biscuit. .

at Dairy at Distillers. : at Lead

1117 19%

EH Hi

o Am Avn ...

EE TRAFFIC

DROP IS PREDICTED

Class | Roads Show Net ‘Deficit in February. ‘WASHINGTON, April 1 (U. P)—

The railroad industry appeared today to have entered the most critical

** | period of its history.

The Association of American Railroads, in. a forecast for the second quarter of 1938, predicted traffic for the period would be nearly 18 per

cent below 1937. Rail stocks and bonds hovered around the mid-depression levels of 1932 and the association reported that during February, Class I railroads operated at a net deficit for the first time in 17 years. President Roosevelt, who two eeks ago said the situation was critical, continued his study of recommendations submitted by his special committee of three interstate commerce commissioners. He may submit a special message to Congress on the subject before he returns to the capital from Warm Springs, Ga.

A Y,. Bonds

‘By United Press “BOND PRICE INDEXES

Liye i Utils. + 81.3 “89.9 65.0. 93.5 96.2 102.6 92.0. 105.0 70.0 - 95.4 iviee, 709 © 496 B13 937 high" 95.0 101.2 * 106.0 937 low 70.1 ° 69.3 92.3 036 high ..... 94.8 "100.4 .. 106.2 100.2 36 low ...... 96.0 ' 84.7 1103.5 93.3 -(Copyright, 1938, Standard. Statistics Co.)

YORK, April 1 (u. P.)—Bonds

60 Bonds 70.6 73.8 9.9 8.1 96.3 82.5 70.6 100.7 81.1

53:1

wo ‘years ago. 91.8 938 high 938 low...

B & ] Can (

A%a8 eo

HE oven The couwren

"REGULATION SOUGHT

| WASHINGTON, April 1 (U. P.)— arly House approval - was sought ay for legislation to provide regulation of “over-the-counter” brokers by the Securities and Exchange ommission. Senator ‘Francis T.. Maloney (D. onn.) obtained Senate approval esterday of his bill to provide coperative regulation with the indusry supervised by representative rganizations of investment bank, rs, dealers and brokers. The rnment, through the SEC, wo d exercise approp gle regulation in the public inter ’ SO ter according to the bill, actions in securities which are not

‘transactions, are trans-

‘| made upon a national securities ex-

rhange, :

| WOMAN'S PROPERTY BOUGHT FOR STREET

PASADENA, ‘Cal, ‘April 1 (U. P.)—Owing to a jog in the street, 50 many DE och ran up on the

. porch of Mrs, Annie Laurie Stewart e city finally de-

during fogs, that ided to

to buy the lot and a few. adja-

Radio of No. 39 'Radio- K-Or HA,

Wal S

|RELIEF COLONY MAY

- Net Last Change + %

High Low

0 Pacific «eee 7 7 orwalk T i 1 1

She.) Farm uth at a : 18%

Otis 3 Otis st cy 1 of 3017 30% |

. 10 3

abe Ti

30Ys — 1a

Pac West Oil keard

wd Fae

Patino Mines se Peerless .......; Penn Cem - Penn Peoples Gas wae Pet Co Am .

8 aetishos an > ae 8 FR

Fb HHREERE REE

ot 0 bet «

5 Sa BSS,

Reis 1

§ p Rem-R.

Reo

Reyn 1 Reyn T Richfiel

3 Skelly ou x

i I EAA in - 3 § 3a '

South Rv of." Sparks ch: perry-Corp. Spiegel Inec.. Square-D . Std Brands. . Std Brands pf. 9! d G&E 2Y,

FEFEaaey

ym-Gou! E> Texas Corp.. 4s Gulf Prod. Se Sul. . « 28% : Tex Fae LT... 7 Thom 8%

Pr : Timken RB. . 31% ; Transamerica . 3a T & W Air av Jott Cent-Fox. 17% =

Union B&P bd Union Carb .. so Yn hd Cal.... %

DIEHL ERRR FRE ; sees 2

de £

; Ves Vanadium .... 12% Van Raalte .... 14%, 14

Un Stores A .

bash a.

. 23% . 10% . 21- 2( . 13 1 —— Zenith Rad .... 10

REPORTS OF SNOW SEND PIT PRICES UP

Profit-Taking Lessens Corn Price Advance.

= 8 Young Sheet . Ya

Young Stl Dr

CHICAGO, April 4 (U.: P.).—Snow reports from the Southwest and some export buying lifted wheat prices today on the Chicago Board of Trade. At the end of the first hour wheat | was 3% to % cent higher, corn was 1% to 1% cent higher and oats were unchanged to % cent lower. Following reports of snow from several points in Texas further such news came from many points in Kansas and Oklahoma. Should cold weather set in for a protracted period at this stage of winter wheat growth, serious damage to drop prospects probably would result, .experts have agreed. The weather change in the Southwesl, where. crop growth was recently reported from two to four weeks, ahead of schedule, .:has over-shadowed ‘all other market factors. ~ However, trading today was light, probably from a desire on the part of op-| erators to watch for further devel- | opments in a day'or two. Wheat receipts were 61 cars. Corn prices were still ‘firm, but | some of the day’s advance was lost in moderate profit-taking Corn receipts were fairly ‘heavy, 294 cars. WAGON WHEAT ory g1ain elevators are payin

8c; other grades on ying for meri. Ealtt corn new No. 2 vellow 45¢ Oats, 2

HAVE WARTIME USE

» SEATTLE, April 1 (U, P.)~Dr. H. Milton Colvin, legal counsel for the WPA, said Manatuska settlement in Alaska is definitely established and here to stay. “The 160 ‘families taken from relief .rolls in the Middle: West -and transplanted to the northern valley | are carving. 8 new and. productive empire, and: are. finding: for them-

selves ‘a: new ‘and promising des=

tiny,” said Dr: Colvin. “There are 15,000 persons on the waiting: lists, wanting to" become members of the colony.”

Dr. Colvin pointed out that the | Government wanted to make Alaska

self-sustaining ‘by. its own food products, because of a military ne-

cessity. If a war ‘blockade should |

| stop Alaska shipping for one month, Alaskans would: face. virtual starvation unless they had food resources within‘ the territory... r. Colvin recently ‘returned from six Cb ‘of activity: in the colonization project ns EN

ALASKAN OILFIELDS

TO BE TAPPED ong as

ie srs A SAN FRANCISCO, Aptil 1.60.

P.).—Alaska is to be. Lapp: diately as a possible fat oil fie The Standard oil Co. is sending a ell. xpects

A% 1 + i

sales. |.

| some tribe at

OF 45 PER GENT [7 IN T MONTHS

| No Rally of Any Noteworthy {| Strength or Length Shown In Whole Period.

ByE R.R Eo WASHINGTON, April 1—Common stock prices have fallen about 45 per cent since the depression began in August, 1937, seven months’ ago. They did not show any rally of length and strength during that entire period. They fell for about three months, marked time for three months, then resumed the decline. In the depression which began in September, 1929, stocks rallied after falling for about two and a half months. The following four and a half months showed stocks rising. Stocks were, on the average, less than one-halfe as high when the » | present depression got under way as when the 1929 depression burst.

Declines Compared Proportionately to their price, stocks fell about as far in the first two and a half months of the 1929 depression as in the seven months, so far, of the present depression.

But, due to the temporary rise after 10 weeks of the first depression, the

4 | decline in stock prices over the first

seven months of the 1929-30 depression, as a whole, was only about 25 per cent, as against the 45 per cent drop over the first seven months of the present depression. : When the present slump began last August, average stock prices compared roughly as follows Bin stock prices in September, 1929:

Total, AVETABe® ..cccccoccvsoces 33% lower ndustria. 35% lower ail 70% lower utili 70% lower

~ Most persons interested in the stock market are wondering if the price decline will cease before _it approaches the lows reached in the last depression. In t connection it is to be noted that stock prices in the 1929-33 depression did, not, as many persons suppose, touch bottom when the stock exchanges were closed just before Franklin D Roosevelt was inaugurafed in March, 1933. They ry ‘reached their lows nine months previously, in June, 1932.

. All Gains Wiped Out At present stock prices are roughly as follows in comparison with the monthly average of June, 1932: Total, average oe ed 957 Righer . Industrial ++135% Rai os 35% Bisher Utility veessenens 10% higher The average level of all stock prices has now fallen to approxi-

mately the monthly ‘average of

esse c0000s0saes cssedesbiene

seve sscenschgonis

‘March, 1935, wiping out all the gain

in stock prices over | three’ years. The different groups’ of stocks naturally vary considerably in this respect. Industrial stocks, as a whole, are back to the average in the spring of 1935. So are public utilities. But the level of prices of railroad stocks is lower than at any time during the Roosevelt Adniinistration—in fact, has never been lower since the summer of 1932. i The closing quotations’ of 10 leading common stocks on March 29 compared roughly as follows with the respective lows totiched by those stocks during the 1929- 33 depression:

cesensees 40% higher svgsonn 50%.

American Tobacco ais American Tel. & Woolworth S. Stee Standard “oti, Pennsylvania R. Genera Riectric "eo General |

COLLEGE BUYS GOLD MINE--BUT NO GOLD

Cost Only $2. 85; Has Rare Indian Relics.

SANTA ROSA, Cal, April 1 (U. P.) —The Junior College of this:city believes it is the only one in the world. that owns a gold mine, complete in every respect, except for gold. ! The worked-out mine, but with all..its installations compiete, was discovered near Carson. City, Nev, last syear, when -Jesse Peter, curator of the Junior College Geological land . Anthropological Museum, was on a searching tour for specimens. Something ‘ attracted his atten/tion at once, and as the mine was being sold at a tax sale, Peter oe. it .for $2.85. The “something” which had at‘tracted Petet’s attention was not the {possibility of exploiting the mine, ‘but the fact that one of the shacks ‘on the property had for its foundations a vast collection of Indian mortars that presumably at some time in the past had been made by a nearby Indian village. - They ‘had. been turned up-side-down and used as‘ supports for the superstructure of ‘the shack: .-Many of them "mre ‘worth hundreds | of dollars each collectors. The mine itself ig to" be: wotked

by classes from the Junior College ||

who are studying mining for the practical experience even if no gold is found.

34-PIECE, 1- VAN BAND - ARRESTED, IN. TEXAS

HOUSTON, Tex.. April’ 1 (U. P.).—A traffic officer was, confronted

with too many ramifications when

‘he arrested a" 34-plece one-man ‘band here. Paul Blackmon, 24gro, was arrested for racine trafic when he’ ‘began playing in front of Sam Houston High School. ‘Some of Blackmon’s 34 “instruments” were beer cans, a tin cake box ‘and a skillet. ‘All were fastened about- a. wooden box, and he manged ta pay Shemp. Sie same

Every morning for 14 years, Charlie Hughes has awakened the citizenry of Baxter, Tenn., at 6 o'clock by blastinga ' reveille on his bugle from atop 4a 20-foot perch. ° Charlie, pictured above performing his morning duties, hasn’t been late since ‘he first rePlaced the alarm clocks of BaxT. marry sobn,- but won't let that Slop his daily Sooiling.: ali

Today | Am a MAN

21st Anniversary

SALE

Now On

"South Side

Furniture Co. 932.934 So. Meridian St..

He is 50 years old. and willz|

Oh By! Oh Boy} on ol] | 4 :

| WOMAN COMP PILES ALASKAN DIRECTORY,

SEATTLE, April 1 (. P: : Miss Varde Bras, who Xep tedly Xagwa more about Alas )

success of an Alaska rectory. . Miss Bras operates. | her .direce tory at the New Washington hotel. She started it because throat

| trouble ‘forced her to give up

vaudeville singing two years . ago. The: service has a branch in: Fairbanks. “1 handle mail and btsiness deals and all sorts of things for people in = Alaska,” she said. = “I keep records of confidential things in code, and I never tell about people’s whereabouts. unless I know’ they want them known. So people trust

‘| me and tell me where they are go-

ing and how long-they are going {0 stay.”

FIGURE READS BOTH WAYS . THE DALLES, Ore. April 1 (U, P.) —City Recorder J. H. Steers was amazed when he looked over his trial balance for Janua The result: $377,337.73. Thé figure’ of “7's”. and “3's” reads the same from either end.

Highest Prices Paid for OLD GOLD

CHAS. C. PEEK

9 S. ILLINOIS ST.

® Lovely First Quality & Full-Fash’ned Chiffon

@ HOSIERY, 49¢ o "REED'S e

50 Monument Circle ;

You're Lucky TF YOU WERE BORN

nw APRIL ey

Swecil 1 950

| The ‘diamond is the birthstone for April—and the month of diaJnond values ‘at RITES.

50c A WEEK Trade i in

WATCH SALE.

UP TO $15.00 ALLOWANCE FOR YOUR OLD WATCH E

‘Men’s and Women's BULOVA, ELGIN, and WALTHAM, priced at $20.00, $24.75, $29.75 Up.

‘All Watches ‘and dowelty Repaired, Free

HAMILTON, §}

year-old Ne-|

—don’t miss seeing these!

. Season’s newest: styles, colors:and fabrics. Many luxuriantly furred.. Bargain of a lifetime-at this price

UNREDEEMED' COATS, $250

" Tock bottom

price.

| SUITS &

‘One lot of Ee you. i: Latest #7

7 Sa A ae a i i

Ek,