Indianapolis Times, Indianapolis, Marion County, 7 April 1938 — Page 18

PAGE 18

STOCKS MOVE UP FOR SLIGHT GAINS

IN LIGHT TRADING:

Ticker Idle; Steels, Motors Hold Steady.

NEW YORK, April 7 (U. P)— Prices moved narrowly in dull deaiings on the stock market today. Opening steady the» arket was firm o a time and then settled back slightly. Volume was light and tickerghstood idle for minutes at a time. : Steel and motor shares held eround the previous close at noon. American Telephne was at 124%, up %, and Westinghouse Electric at 67%, up %. Railroad issues were mixed in a fractional agea, oils firm and utilities steady. Aviations, chemicals and nonferrous metais

registered small gains. ® 8 5

Today’s Business At a Glance

GENERAL BUSINESS American Iron & Steel Institute

‘reports March steel ingot produc-

tion calculated at #2,011,840 gross tons or 33.84 per cent of capacity, highest since November, vs. 1 ,703,245 or 31.73 per cent previous month and 5,216,243 or 89.9 per cent year

- ago.

American Zinc Institute reports March domestic slab zinc stocks all grades 118,009 tons Vs. 108,138 previous month; March zinc output 43,399 tons vs. 41,146 previous month and 37,794 year ago; shipments (all grades), 33,528 tons vs. 21,540 previous month and 59,635 year ago. Dun & Bradstreet reports week ended April 6 bank clearings $5,622,128,000 vs. $4,505,667,000 previous week and $6,659,751,000 year ago. Engineering News-Record reports March construction awards $259,118,000, highest for any March since 1930, vs. $209,481,000 previous month and $156,788,000 year ago; awards this week $39,551,000 vs. $37,109,000 last week and $50,109,000 last week and $50,778,000 year ago.

CORPORATION NEWS

‘Qalifornia Oregon Power Co. 12 months endeti Jan. 31 net income $927,079 vs. $1,115,403 in preceding 12 months. Chevrolet division of General Motors Corp. reports March retail sales 62,639 units, up 57 per cent from February; March used car sales by Chevrolet dealers 130,788 vs. 116,915 previous month, up 12 per cent. Community Power and Light Co. 12 months ended Jan. 31 net income $636,428 vs. $361,187 in previous 12 months. ’ Federated Department Stores Inc. fiscal year ended Jan. 31 consolidated net profit $2,709,219 equal to $237 a common share vs. $2,962,374 or $3.03 in preceding year. William Filene’s Sons Co. fiscal year ended Jan. 31 consolidated net income $711,554 equal to 95 cents a common share vs. $1,064,505 or $1.56 in previous year. McCrory Stores Corp. March sales $3,005314 vs. $3,556,066 year ago, off -15.5 per cent. _ R. H. Macy & Co. year ended Jan. 29, consolidated net profit $4,179,950 equal to $2.52 a common

share vs. $4,604,908 or 3.06 in previous, year. J Mont Power Co. and sub-

sidiaries 12 months ended Feb. 28 net income $3,626,269 vs. $3,434, 518 in previous 12 months. Pacific Power & Light Co. and subsidiary 12 months ended Feb. 28 net income $791,332 vs. $746,611 in previous 12 months. United Gas Improvement Co. system electric output 84,406,573 kwh, off 6.1 per cent from year ago. Walgreen Co. March sales $5, 564,704 vs. $95, 610, 190 year ago, off .8 per,

cent. DIVIDENDS

American Machine & Foundry Co. 20 cents on common, payable May 2, record April 16, vs. 25 cents Feb. 1. Atlas Power Co. regular quarterly $1.25 on preferred, payable May 2, record April 20. Blue Ridge Corp. regular quarterly 75 cents or 1-32 share of common on $3 preferred, payable Junel, record May 5. International Cigar Machinery Co. 50 cents on common, payable May 2, record April 16, vs. like payment Feb. 1. Jantzen Knitting Mills regular quarterly 25 cents on common, payable May 5, record April 15. Washington Oil Co. 50 cents, payable April 14, record April 9, vs. like payment Jan. 10. (Copyright, 1938, by United Press)

CHEVROLET OFFICIAL REPORTS SALES GAIN

T. H. Keating, assistant general sales manager of the Chevrolet division of the General Motors Corp., told 500 dealers, sales managers and salesmen here that the last 10 days of March showed general improvement in sales conditions throughout the country. He spoke at the dealers’ méeting | 0 at the Claypool Hotel, where an April and May sales campaign in ‘both new and used cars in the Indianapolis zone was opened. “Sales reports in the last 10 days,”

"he said, “have been gratifying over

those of January and February.

We feel hopeful regarding the im- good

mediate future. Buyers who have been gripped with ‘fear’ which in my estimation has been more a condition of the mind than one based on facts, are coming into the

market and re showing signs of

buying He said that Chevrolet has a production schedule of 75,000 units for

See Final Edition of the Times for

1 Closing Stock Quotations

AN N

Porkers Again Rise 15 Cents To $9.05 Top

All weights of hogs were another 15 cents higher today as réceipts continued light here and at most points, according to the Boreao of Agricultural Economics. Top on good and ihiire 210-220- pound butrhers rose to $9.05, a few strirtly choice 222-pound averages also making the price limit but premiums for the most part were relatively ‘scarce. Packing sows gained 15 to 25 cents over Wednesday's bulk sales although not that high in comparison with some closing sales yesterday. Most 400-550-pound SOWs moved from $7.60 to $8, good lightweights scarce and topping at $8.25 while a few rough heavies were as low as $7.50. | Values of steers and yearlings settled off tc a steady level today, after advancing 25 to 40 cents to date this week. Approximately 15 loads of good and choice steers ranged from $8 to $9.50, some common lightweights, $765. At the top of $9.50 were 2 loads scaling 1063 and 1120 pounds. The market on other Killing classes again ruled active, with strong sales as compared with previous advances this week. Most heifers are currently 25 to 50 cents higher than late last week. Medium and good heifers bulked at $7, 5 to $8.50, few below $8. Cow were extremely scarce, with cutter grades from $4.25 to $5.50, and beef cows up to $6.7g, odd head $7. : Best weighty bulls again made $7. Vealers held steady after most interests had placed 50 cent lower bids on early rounds. Best handyweights held at $11.50, with a few picked at $12. Fat lambs continued to move under an active outlet mostly to local killers at 25 to 35 cents higher prices. Most of the crcp comprised shorn lambs. A load of medium to good T4pound wooled offerings at $8.75 was

to sell at $9 up; market, weak Loatienaeie steers ew loads, bulk, [email protected]: bulls, 2 ey ol Sul) $7.25; vealers, firm at $11. ece ,000, includi girects: late ena fat gy iy £50 13, ironser; oo 10 sents and more ambs to - pers, [email protected]; choice 10030. and Fix 5

today’s trade stron [email protected] on yooled ) 2 Trg highsF} alfing

CINCINNA 7 (U. P.).—Hog Receipts, 2400, "An 32 - 140: market rs direes. holaoar 50s sows, $7@7.

$8 90; 250-275 1bs,, $8.70: - OF, bulk Sood Secking’ sows: $1 calves, 25 Jair on light suppl steady - to %s action igher: odd lots steers and yearlings, $7 50as 2s oral R ound = 575 1b. y ee co} 6.25: bulls scarce, few vi SRE io 2 rae

vealers strong 10 50 rs Sheep—Receipts, 400, ro Todt ov, 8 direct: generally steady’ on lizht Supply: few and medium A aden, ewes ma $265: Seaci nly .80; practically no spring lambs on sale but no inquiries FT. YNE, April 70

*p.).— Market, 5 cents high E 180-300" Ibs: ag. aieE er; + 200.33 220 UT ston;

240 1 Tbs., $5. 80: 240-260 1bs., - aan; 2l-360 ibs. 10: 28 0-330 sai 5; 330.330 Ibe. 5 05; { Jinofed bs be. 3035 jouehs, SE od > stags, $6. alves, ar Marker 15 to y Riche h Ibs. $8859; 220-240 Ibs, $8 ne £7 | 275° 1bs.. $8.60@8. 1bs., Sa 8.50: 100-200 Ibs. i. soa. 75: pigs, 1036. ambe, 88 30. own. Calves, Soe

BUSINESS EDUCATION SER Sun Ch

pal. Conral Business Coll °

THE INDIANAPOLIS TIMES

—A

‘Net .High Low Last Change

Adv Rumely ... 1% 17% 1% coos Air-Way case BB Ys % eee Alaska Yun eis 9% 9% 9% + % Allied Mills ... 9% 9s 9% + Ys Allied Stores .. 9% 5a 5a — 2 Allis Lag Ts Bs 31 + Am Bank Note. 12 12 12 + Am Chain & C. 10% 10% 107% — % m 0 easune 4%, 14% 14% oe am Rad & SS. 10% 3% }3% + % Am Smelt 7 pf..107% 10i%s Wis + 57] Am Stl 165. + 0 18% 19 — 1s ‘Am T& 1314 124Y2 124%2 + Ja £ Tob B..... 68s 68s 68% + a Am Water W To 5% T% eee Anaconda ..... 24% 24% 24% + % Auburn Auto .. 3% 3% 3% cece aie & Ohio. . 5% 5% 5% ..c0 & On pt. £4 $% $n + Ya TOS +s. PT Avn ... 10 0 0 + Ya ve.. 43% 43% 43% + » 7 pf 82 2 2 +1 vee. 23Ys 23% 23% --.. NH v.. 16% 16% 16% + % .. 18% 18% 18% .... ee. 15% 1578 15% — 1 ceenii4¥s 4%, 4% + Y eee V2 3% 32 ee.. Jet . Can Pacific ... 5% 5 5 + % Case J I ...... 6912 69%2 69Y2 + la Celanese «.-.ee 12 12 12 a Gent Soundry . => ® es Corp «-... hes & Ohio... #% 20% ChMStP&P . Ya Ya Ch&Nw Ry 1 Chi&Nw Ry pf. 2% 2Y, Chi neu T ... 8% Ya Chry. 40% 40% Col “Broadcast A 15% 15% ow Colum .+ 8% % — Comwlth Edison 23 2 + % Cons Edison pf. 90 : 90 -e Cons Oil ...... 1% Ya 1% + % Con Textile ... %» B + Ys Cont Bak B ... 1% Ya 1% «eee Cont Oil Del .. 23 23 23 — Y|N Corn Prod ..... 51% 57% 51% — % Coty ......s ees! 3% 3% 3% eee. Ceram Wht .... 27% 217% 21% — Crown Cork ... 25% 25% 25% + Ya Crucible St :... 23% 23% 23% — ¥s Curt Pub pf 39% - 39% 39% — % Curtiss-Wr 4 378 4 ode Curtiss-Wr A .. 15 15 15 + Y% Beere & Co ... - 18% 182 18% — us Dist Seag .-.... 13 13 13 eres Dixie-Vortex .. 14 14 14 oi Douglas Air ... 35% 35% 35% — 1s Du Pont ....... 96% 96% 96% + Y Elec Auto-L ... 15 15 15 -_ Ya Elec Boat ...:. 7 17 7 AY Elec & Mus Tnd 27% 2% 2% + Ye Elec Pwr & Lt . 7 7 7 — Ya Eng Pub 8 .... 3% 3a 32 eeee fe Freept-Sulphur . 23 23 23 + 3 Cees : Gar Wood Ind . 4% 4% 4% oo Gen Cigar ..... 21 1 21 — Gen Electric ‘el 30% 30% 30% + Ya Gen Foods ..... 2515 25% 25% + Is Gen Motors ... 283% 283% 283% + Ya Pr Ink Ph 78 7% 7% — .% Gillette 8 R 5... 813 8, 8 + % Gimbel Bros ... 6% 6%s 6's — ¥% Goodrich ...... 12 12 12 sewn Goodyear ...... 17 17 + % Grant pf ...... 301s 20% 202 .... Gt North pf ... ji 141; 14% .... Gt Nor Ore .. 11 11 cen Greyhound cp . 3% 9% 9% + % SH A Homestake .... 53% 53% 53% + % a Ill Central .... 7% Vs Veg — Ys Interlake Ir ... 7% 778 T% =—. Ys Int Harvester .. 55% 5513 55a — a Int Nickel .... 42% 42% 42% + Int T&T q 6% 6% — Ya Int T+& T For 7% 3% 7% + Ys ef Johns-Man .... 63 63 63 +1 —— Kan C Sou..... 6% 61a 61; — Kennecott .. 303% 30% 30% + ¥% Kinney .......s 1% 1% 155 .. Kroger G & B.. 14%a 14!s 14% + Libby McN & L 6% 6% 6% ..e0 Loft, Inc ..... 1 1 1 so nn —M— Manti Sugar .. 1% 1% 1% + %

the best on offer, with choice offer- : ings considered salable to $9.25. o. o Bonds HOGS By United Press March . 26. ...c00..000000000 0000000 5 i 1015 BOND PRICE INDEXES 6215 20 20 20 60 35a Ind. Rails. Util. Bonds. S419 | Yesterday ..... 763 53.3 88.7 72.8 : Week ago ..... 74.9 49.8 81.3 70.7 1. ccccscesssiisancisseses, 8.90 5344 | Month ago 80.8 62.5 93.0 "8.7 Bl artereiceicateseseese 8.80 1500 gd Dia a 4 €440 | Year ago 91.9 94.9 102.4 96.4 3 we Two years ago. 91.8 92.6 104.8 96.4 7 5310| 1938 high .... 83.0 70.0 954 825 Barrows and Gilts— 1938 low ..... 49 49.8 87.3 70.5 ¢ 2. 160) Good ang cholce.. .$ i152 330 1937 high .... 9.0 101.2 106.0 100.7 and choice @ oe Doug a Ee ip |psi low ..... snl B53 53 SI 0 22 ) Good and choice Sion 9.05 1% high .... 94.8 100.4 1062 100.2 “2 a 1936 low ..... 90.0 84.7 103.5 93.3 (250-290) oe : (E50 ERE 30 Rc i ana maine co ae) ng. Sow 275-375) Good ..... veeesss 8.00@ 8.25| NEW YORK, April 7 (U. P.).—Bonds {350- dB) i iitereeesaine . 17.90@ 8.15 | opened steady. Net (425-450) GOOd ....eco0ceeee iy 8.00 0 en Change (275-550) Medium ¥...... +++. 7.50@ 8.00 | Australia 5-57 .... 1032... Slaughter -Pigs— B & O 5-96 . conse 1974 —Ys (100-140) Good and choice.. 7.40@ 8.40 | Brazil 655-27. © ve 11172 = Medium .......... 7.15@ 8.15] Cent N Y Pwr '3%s ves 101% +Ys AT Penn a & b Sass) ssesess 3 un —Receipts. fo ep Stee 5= essaeaens 4 5 eceiots. 807 S Rubber 55 «.-...oiieons 105 30-32 Zita (750-900) Choice ....s...... 8.75@ 9.50 ytjl P & L 5% 46 (900-1100) C 9.00@ 9.75 Y t = ssisdeensens ccse (1100-1300) © [email protected] oungstown 4s ............ 96 eens 300-1500) [email protected] . 900-110 8006 5.25 C (1100-1300) 8.25@ 9.25 urb Stoc ks (1300-1500 8.50@ 9.25 dae Md 0 Tag as BY Sash bree ~ . . NEW YORK, April 7 (U. P.).—Curb 5 Tayo! Common (plain) . 6.75@ 7.75 | stocks opende irregular. (550-750) Good ......... .... 8.00@ 8.75 Obit Chive m Cyan B 19 reve (330-000) Shean go 3 Ere a - edium ... 7.25 1€S (550-900) Common 6.306 7.2 | Cons M&S in i | : .e — /4 All Weights— Cows 5 Lockheed Air. — bs G00. soisnrvas in vereees 6.50@ 7.00 ok Medium Teer his raves 5.75@ 6.50 ct ORION, nas 5.50@ 5.75 4 Sow cutter and cutter ..... 4.00@ 5.50 % Bulls Yearlings Excluded (all Weighs) earlings Exc eights) — BANK STOCKS (All weight ts) Medium ..... . 6.25@ 7.00 bid Asked Cutter and common ........ 5.25@ 6.25 | Bank of America .......o0.s.. 39%2 41% _ Vealers Bank of Manhatten asso veto 3 V2 2 (All weights) Choice ...... «+ 1 Be To (All weights) Seaman *..i102: 10:00@ 11:00 | Bank of New York Trust 382 tig ents) Meum. 2 ‘Songioge | Brooklyn Trust 3 Cull and medium ....... 0." 5.00Q 3.00) Seniral Hanover .. 3 IN Calves Chorneal rn Hae sessseseiles 4) 43 50.400 Choice + 480— Sontinental cons seseces 3% 18. 13 - Choice .........+s ntinenta > gr 2308 80) SORE hn fh dw a 5.75@. 6.25 2 eh Common: ......... 5.25@ 6.75 12 Ste Feeder and Stocker Cattle (500 ) Choice (200-1050) Choice : 3X dian So 1506 198 Sul (500-1050) Medium Fad 3% Title ® Guarantee rewenes sess olin ommon 6.00@ 8.75 : Heifers— (550-750) Good and choice.. 6.75@ 7.75 U. S. STATEMENT Common. medium. 6.00@ 6.75 WASHINGTON, April 7 (U. P.).—GoOvSHEFP AND LAMBS SrRmen; S¥peily es Sod hr 5 for the Sa scal year throug ril 5, comLambe— Receipts, 1054— pared with a year ago. p { You oice . versesne 5 Goan 2:90@ 9.25 | Expenses .$5,199,783,617. 26 $5, 684 004,031.01 Medium $:30@ 2.90 | Receipts _. 4,870,451,763.82 3,816,438,082. 54 Common rv 6302 £23 | Gross Def.. 929,331,853. 868.535, 954.4 Ne De aa A os es and choice .... c.e0ese 3.50@ 4.50 | Work Bal.. 1,338 291,310.74 | 962,177.26 Common and medium :..... 2.50@ 3.50 Gola Be 37 be. 388,528. 3 Haste 65 S CHICAGO, April 7 (U. P.).—Hogs—Re-| Cus .'204'440,068.77 | 360,113 "990: 18 ceipts, 5000, including 1500 directs; Bate Sustoms Gold Cert. fund inc. ....$3,500,000 Batic Tro. el agher, ton. to 10S - largely [email protected]: 140-160 1b, eb 5008.50 ibe! INDIANAPOLIS CLEARING HOUSE good 350-550 1b. packing sows, $7.65@8. Clearings ............ ceesesne sy. $2,375,000 Cattle—Receipts, 4000; calves, 1300: steer | DEDILS -..oeeio.iiieeiiuiiin.. :\.%7,775.000 market not as active as on Wednesday; ETA reas aE IVIvCt medium weight and weighty kinds of value FOOD PRICES

7 checks, Hc: storage packed firsts,

NEW YORK STOCKS

By United Press,

DOW-JONES STOCK AVERAGES

- 30 INDUSTRIALS Yesterday cccccooccescccccsss 106.20 Week BZ0 cccccsccssccscssces 98.95 Month ago YEAr ARO ccccossesposssscaces 178.18 High, 1988, 134. 35: low, 98.95. High, 1937, 194.40; low, 113.68 20 RAILROADS sesssssenssssrecsss SOK Week ag0 cece se00sscs se 19.00 Month ago ceseee esscespes 26.36 YEAr SEO -cccccesssccscssccss 58.50 High, 1938, 32.33; low, 19.00. High, 1937, 64.46; low, 28.91.

—2.0% -—2.02 -0.96

80 —0.65 -—0.23

Yesterday

20 UTILITIES Yesterday ec..cccsscceccscess 17.08 —0.37 Week 8Z0 ccoccsscssccceccsce 15.14 ~1,04 Month BZ0 ecccccsccsssscscce 18.83 0,15 YEAr BEO --ccecccssscsessesss SLOL 40.03 High, 1938, 21.8; low, 15.14. High, 1937, 37.54; low, 19.65. 70 STOCKS ‘Yesterday eccccccsscssscecsss 33.74 —0.74 Week AZO ccccscsccssscccncsce 31.10 0.51 Month ag0 cccccccocscesccccs 39.81 -l.50 YeAr RRO cococcccssssssncesca 64.01 0.10

low, 31.10. low, 38.87.

High, 1938, 44.42; High, 1937, 69.67;

Net Last Change

29 + 4 THe +... 12 % N% +% 2T%2 eeee Nat Biscult ve IT 1% 11% — % Nat Biscuit .. a2 nf ai IT un Nat Sup Penn.. 16 16% 16% — % Y Central .. 12 11 12 % HEH 1% 18 1% seve On va ies Neonaw. 2 off v2 'n —0— Ohio Oil .e.cco 11% 11% 11% — % Otis Steel cecee 1% 1% 1% esos . ie Pa Packard ..... 4 4 4 ee Paramnt pict - 67% 6% | 67% eee. Para Pic Pict» 1% 7% 5% — Ys Phelr RE dge Be 1s 18% elps’ Dodge . % wie Press Stl Car... 6% 6Ya 6 + % —R— " Radio ...... vee B% 5% 5% — 1 Rem-Rand .... 10% 103% 10% .... Republic Stl ... 13% 13% 13% coco — St Jos Lead ... 20% 20% 20% + Ya Schenley Dist .. 18% 18% 18% — Ys Shell Un Oil .. 1 12 2 -— Ya Skelly Oil .... 21% 217% 21%, + % Smith-Cor-T cts 11 1 11 Cae Socony-Vacuum 12% 12% 12% + % outh Pac ..... 10% 0% 10% .<... Sparks With ... 23% 2% 23% eee. berry Corp ee 171% 171% 11% Ys Star Incp ... 6% 6% 6% ...o rands .... 73s 7% % + Ys Sta G&E .... 3% 3% 3a + Ya Std Oil Ind ... 27% 27% 27% -+ Ys Std Oil N J . 53% 53% 63% + Ys Stone & Web .. 7 6% 7 + Ya Swift & CO .... 16%2 16%2 16%2 .... PRE Texas eorp «es 3612 36Ya 62 + Ya Tex G Sul .... 28% 28% 28% + Tex Pac LT .. 7% 15% 8 — Thomp Star ... 2 2 . 2 oes Transamerica 9% 9% Ys coer Trans & W Air 5 5 5 —-— 3 Tri-Cont _...... 3 3 3 eees —U— Union B&P ... 8% 9s 9% + %

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The jollowin quotations do not repre-

recent transactions.

BONDS Bid Asked American Loan Co 5s 46-51 .. 95 98 Citz Ind Tel (TH) ahs 61 ....102 105 H Tel & Tel Ft W 5%2s 55 ....103 105 H Tel & Tel Pt W W 6s 43 ...104 106 nd Asso Tel 4%s 65 ......... 04 106 [nd Tel Co 55 60 ......coce0c. 95 98 nd Railway Inc 5s 97 ....... 33 45 nterstate Tel & Tel Sis 63.. 89 ndpls Water Co 3%s 66 ...... 031s aes Kokomo Water Works 5s 38. 102% 1042 Morris 5 & 10c_ Stores 5s_50 8Y2 -101 Muncie Water York s 58 65....102'2 ... Noblesville HL&P 5%s “a1 ....100 102 Ohio Tel Service 68 47 .coac... 98 100 Pub Tel 1 42 $65 ..-...... .- 98 100 Richmond W 5s 57 . 105 ymour Water Co 5s 49 ..100 103 TH Trace & L 55 44 ...... Teer102 05 T H Water Works 6s 56 ......100 1022 T H Water Works 6s 49 To reii0f 03 Trac Term Co 5s 57 ..... sees 50 53 STOCKS Belt RR St Yds com ... 51% Belt RR St Yds pfd .... 30% coe Cent Ind Pwr 7% pfd veees 1072 1302 Home T&T i VW kg pid’ conse 5014 53 Hook Drug Ine “132 14 [NG sass Ind Gen Serv Co 6% pid". os 1042 nd Hydro Elec 7% 45 ndpls Gas m 20 ndpls Pwr & Lt pfd 6% 16 ndpls P&L 62% 82 Linc Nat Life Ins 22 25 Ind Pub Serv Co pfd 5%2%. 44 48 xN Ind Pub Serv 6% ......... 47% 502 Ind Pub Serv 1% ... 49% 522 Pub Serv of Ind 6% . 13 16 Pub Serv of Ind 7% ..... 24 27 Progress Laundry Co ig 122 14 Terre Haute Elec Co 6% - 93 96 Union Title Co €OM ....e.cc0. 22 25 Van Camp Milk Co pf ........ 55 60 Van Camp Milk Co com ..... 10 11% xMarket St. Investment Corp.. 19.72 21.20

(By M. P. Crist & Co.) xEx-Dividend.

FOREIGN EXCHANGE

NEW YORK, April 7 (U. P.).—Foreign exchange firm. llowing are noon cable rates on major currencies:

able ates Change England {ponnd) 54.06% | 6 ng. (60-d-b ... 4.95% -+.00 1-16 DE de rdoliar) ees 9938 +.00 1-16 France (franc) .... Dg —.0002 Italy (lire) wens Phas: +-.0000%s Belgium (belga) . .168 41 -+.0000%2 Germany (mark) 4013%2 --.0001 Germany (trv mrk) .2405 ~~ .......... Switzerland franc) 2294% +4.001%2 Holland (gu ilder) .5536 -+.0001 Sweden rona) .2558%2 +.0000%2 Norway (krone) .. .2495 4.0001 Denmark (krone) .. _2216% -+-.0001 Australia ound). 3.97% Austria ios Hie) .1885n Czechoslovakia (koruna) ....... . .0348%2 —.0000% Finland | A narkka) « 0200 | .iana....s . Greece (drachma) . .0091 etviassie . Jugoslavia (dinar) 0235 Susie sas N. Zealand (pound) 4.00% Fheiins enee Boland (zloty) ..... .1888 —.0004 portugal {6scudo) .0451% .0000%s Rumania BOTS | ieiiiseee . Argentina (ofl peso) 3310 <+.0001 Argent in noffl. 20 0S0) ees. +2490 Brazil (milreis) .... .0590 Chile (peso) .. .0400 Peru (sol) .2400 Duguay ( .4200 Mexico (silver .2688n Hongkong 3079 Shanghai ( 27750 India (rupee) 3748 Japan (yen) .2895 nNominal, oOffered.

CHICAGO, April 7 (U. P.).—Eg ket unsettled: receipts. 39.457 caces: fresh graded firsts: cars, 1%¢: less than cars, 17c: extra firsts: cars, 18c, less than cars, 17c! dirties, 1414c: current receipts. J32c; 18%ec: extras, C. Daler Market, yeak: receipts, 586.4 2 n extra firsts -91Y2 score), 369% @21Vac extras,

22@24%c; seconds. som Sion st 2 Heels: * . eC S. 7s Bae: standards, 27c. centralized _ (89

Ss, cen 2415c: centralized (88 score). 22%c. Poultry—Market firm: receipts, 1 car, 14 : ducks, 18@22c. geese, 140: hens, 20'2@23c: spring SETI, 24a; 26%¢: tur-

keys, 18@28c; roosters, 13%:c; fryers, 23@ 28}ec: broilers, 23@24%zc. Leghorn hens,

Cheese—Twins, i daisies, 14%2@

Michigan Yellows, $1.2 22; Texas White Wax, $2: Texas Sellove 90c@$1.35. a oxay Tol OWS, ne

LOCAL PRODUCE

Poultry—Heavy breed h fens, oot heavy broilers. "to 1301 Po nae Boe: legoom ers, 1% to 5s 1bs., 18c.

each full case must weigh,

will Butterfat—No, 1, boc No 5 2530 27 103.

NEW YORK CHICAGO TORONTO SOUTH BEND FT. WAYNE EVANSVILLE BOSTON CINCINNATI

Indianapolis Office

1200-214 Circle Tow

9c. s—No,, 1 strictly fresh country run,

CHICA fs 14Yc; longhorns, l4Vi@ C. Michigan. Mcintosh. $11.50. Br oo Potato es-—Supplies moderate; demand OT SIneales LL 30@90¢. faaho Ea si8561. Ud re Texas, bu. H86@si 10. Tomatoes Ford Set Burbanks, [email protected]: Colo- , bu, mato lorida, , luge, ' $1.75@280." Cauliflower—California, abblern, med McClures. SLD. Minnesota oft $3 3.95 @1 Boas—Califomis, hamips U. S. Commercials, $1.10; Wiscons n Round £2.95@ [email protected]. Cele ery — Florida, crates, | White, U. 9. Commercials, 9 : [email protected]. Onion Market Goo, sacks) — New Supplies miderate: demand

st oder ics Biltmond: SmI se, exas . ao Tals, 68; o P Hp 3: ipments,

“Colonial

Savings and Loan Association

THOMSON & McKINNON

New York Stock Exchange New York Curb Exchange New York Cotton Exchange New York Coffee and Sugar Exchange New Orleans Cotton Exchange Chicago Stock Exchange” Chicago Board of Trade Winnipeg Grain Exchange

28 South Diinois St.

And Other Leading Exiianes A

=0.11 |

: +0.24 ,

‘heavy pressure developed.

bids or offerings, but merely | ket 1

s—Mar- |

“Net : . High Low ‘Last Change on Carb ... 61% 61% 61% 4 % Un Aircraft ‘ 22 4 22 + Ys United Corp ... 2 2% \ 2% .... Un Gas Imp ,.. 9 C93 jm 1 US Leatht .... 4% 4 4Y, == U 8 Leatht A.. 6% 6% Te U S Rubber ... 23% 23% 23 te 1 US Sin! Pf Qa Dn gun I % 4 U 8S Steel pf...101% 101% 101% — % —V— - : Vanadium ..... 13% 13% 13% + % ceves B% 5% 5% — ¥% . 18 18 8 BY ,19% 19% - 19% + Ya . 68 681% % + 1% Swe 12% 12% 12% + 21 21 21 + 3% 2% 2% 2% + Ys in 4% 45% .... 12 12 12% + 3% ees. 40 39% 39% — 3% essees G6 66 68 + 1 — Yellow Tr ..... 10 10% 1012 .... Young Saw oes 18 12 12% Young Sheet .. 28 28 28 vase

WHEAT UP DESPITE FAMINE OF BUYERS

Corn Remains Steady; Trade Light.

CHICAGO, April 7 (U. P). — Gains in wheat on the Chicago Board of Trade were moderate today based on strength in Winnipeg. Buying was unimportant but no

At the end of the first hour wheat was % to 7% cent higher; corn was unchanged and oats were % to % cent higher,

Commission houses and overseas interests took considerable interest in May wheat on the Winnipeg Exchange where the nearby month moved up more than a cent in early trading. The bullish aspect of May transactions in the Canadian market provide the chief support for wheat in nearly all other world markets. At. $1.247%, Winnipeg May wheat touched a new high for the

preesnt movement. Chicago activity 3 was moderate without much of a |

feature. Traders were inclined to

watch for further developments in |;

Canada before making moves here. Wheat receipts were 58 cars. : Corn prices’ were unchanged from the previous close in a light, unin-

export demand and most traders were content to keep to the sidelines. Corn receipts were 322 cars.

WAGON WHEAT

2 Git rain elevators are paving for No. 2c; other grades on heir merits.

Gash ‘corn’ new No. 2 yellow, 45c. Oats,

Gen Inv Ir 3.75 m Tr 2.05 2.35

12.24

MARKET CONDITIONS TO ‘BE EXAMINED

NEW YORK, April 7 (U. P)— Arrangements are being made by the Federal Reserve Bank of New York to obtain formally data which will indicate the condition” and prospects of the market for new financing, it was learned today. The proposed questionnaire would carry such information as inventories of unsold bonds and other

securities held by issuing firms, the amounts and charac of definite underwriting commitments outstanding and other relevant data. Up until this time, information of this character has been obtained informally, largely through meetings and discussions between investment Kanbers and officials of the Reserve ank.

teretsing trade today. There was no |

9 IN VESTIN G CO’S (By the Inv. Bkrs. Conf. Inc.) Bid Ask Bi Ask m Fds 9.35 9.95 Bucam BI 3. 4.00 Asn Fd 3.67 1st Bos O 10.87 12.37 Am Hd Cp 17.00 18.75/Inv Fd 7.88 8.37 Am B new 3.05/Key cf-B2 37 86 19.56 Am Ge 4 .6 cf-B3 63 12.74 Am Ins 3.75 4.00] *”’ cf-K1 ii 58 12.64 Ass Std Oil 4.62 5.37] ** cf-K2 7.36 8.06 Bk Ntl1 IC 15 2.15] ” cf-S2 10.92 11.95 Basic Ind 2.55 ” cf-S¢ 54 3.93 Bos F Inc 12.48 13.35|Md Fd 4.60 5.07 Bri ype 1 21 .39{Mass In T 16.55 17.56 Brd St In 19.81 21.19|Mut In Fd 8.76 9.58 Bull Fd 10.50 11.62|Nat W sec 2.37 2.47 Can Inv 53 19.93] ” vt 938 1.09 Cen Tr 4.37, 5.25|Nat 4. 4.53 Cp Tr Shrs 1.82 ....|N Eng Pd 9.97 10.72 AA 1.78 ....|N. Y. Stocks Inc.: n: Ac 1.78. .... Agri 6.50 7.15 » AA mod 2.09 ....} Bk Stks 7.14 17.73 * Acc md 2.09 .... BE Sup 5.62 6.10 Cum Tr . 3.68 .... 5.62 6.10 BN 1.39 .,..] Ins 7.39 8.00 Dps_Ins 2.39" ....| Mach 6.05 6.56 B Metals 6.35 7.31 Divd 2. Oils 7.85 8.17 'D R 5.39 5.85 Div Shrs 1.00 1.09| Steel 5.91 6.411 Etn Hd 15.08 16.20|Nh Am Bd 47.50 .... Equity Tr 15.35 16.63 ” Tr 1953 1.74 .... Fiscal Fund Inc.: ” 1955 1 eed Bk Stk 2.26 2.51} ” 1956 2.07 ... Ins Stk 2.73 3.06] ’’ 1958 1.87 ... Fix Tr 713 .... Ply Pd A 33 31 “B 5.54 ....|Quar Inc 8.80 9.64 For Bd 5.87 6.39Rep Tr 7.30 17.80 Fd Tr A 3.20 3.45 InveC 19 ... Fd Inv In 12.97 14.03{S] Am Inc $38 8.57 if 3.82 4.38/3el In a ”B 3.45 Sov Inv .61 Gen Cap 25.26 21. 1s 3 on Trk 12. 8 13.29

Group il 8st ot 37 40 Asn 91 1.00{State St Lr 65.50 69.00 Aut 60 67 Sup Cp 2.57 .... Buirding 95 1.04 “g ©P a nse Chemical .96 1.05 ” C 450 .... n Shrs 54 .60] ” D 450 .... Merch iL 83] ” AA 1.69 .... Mining 97 1.06 SE 1.69 .... Petrol 90 99 up 7.60 8.32 Eqt 58 ‘e211? SsInC193 .... Steel .87 1.89 .... Li .86 95 7 oil A 556 .... av 14. 38 15: 37 Ts Si B 2*8 5 r . . Bh Securities Ltd.:| ” Ind 72 81 Grp 99 1.10 USEIL&PA 10.50 11.00 os. Grp 1 118 1.3¢ 1.44 Jas S Del 1.00 1.50 2 67 15 t Bank Corps: [Well 11.08

A tumble from a "third-story window, resulting in a broken back and paralysis of his hind quarters, slowed up Pete, a Welsh terrier belonging to Mrs. Tony Curro of San Francisco, but Pete isn’t licked

THURSDAY, APRIL 1, 1938 °

Pete, the Perambulating Pup

by a long shot. shown here, which cradles his paralyzed parts, Pete gets around ably with little Martha Currow, 4, and now and then launches an old-fashioned cat chase,

Times-Acme Photo. Using the two-wheeled contraption

Senators Daughter Weds

" Times-Acme Telephoto.

Edward J. Pfeiffer and his bride, the former Miss Elizabeth Vandenburg, daughter of Senator Arthur H. Vandenburg of Michigan, as they left New York for a honeymoon in Bermuda.

Air Director

West Pointer, qualified Army pilot and observer, Denis Mulligan, above, is the new director of the Federal Bureau of Air Commerce, appointed by Secretary Roper after Dr. Fred D. Fagg Jr., resigned to become dean of the School of Commerce at Northwestern University. Mulligan was assistant director of the bureau under Fagg. He completed advanced aviation training in Army schools at both Brooks and Kelly Fields.

—

I ir i i

~ Chart Shows Growth

Open an Account in Any

You Can Buy $1,133.15

Federal Supervision

INSURED SAFETY

All accounts INSURED up to $5,0008by the Federal Savings and Loan Insurance Corp., a Federal Agency

Save $100, $500 or $5,000 .

Accounts Opened by 10th of Month Earn Dividends From ist

Write for FREE Savings Bank and Folder Buplaving INSURED Accounts

for

Amount From $1 to $5,000

PUPILS HAVE DEFECTS ST. LOUIS, April 7 (U. P).—

Sixty per cent of the children examined this year by the board of . education were found to have physi‘cal defects, according to Supt. H. J. Gerling. Defects included adenoids, defects of vision and hearing, spinal deformities, deteeth, malnutrition and

diseased tonsils,

cayed heart. disease.

CUPID DESERTS TOWN

CHICO, Cal, April 7 (U. P)— For the first time in the history of the local marriage license bureau, a full month passed without a single

application to wed.

TOWNSEND NAMES 2 T0 STATE BOARDS

‘Governor Townsend has appointed T. A. Dicus, new Indiana Highway Commission chairman, to the Reciprocity Commission and C. W. Siniff, recently appointed Highway Commission member, to the State Planning Board. Attorney General Omer Stokes Jackson also was placed on the State Planning Board. Earl Craw= ford, who resigned April 1 as Highs way Commission chairman, formerly was a member of both the Planning Board and the Reciprocity Commission.

Hl First Impressions help build

more business

It’s comfort and beauty with business efficiency in office furnishings that is essential to good business impression today. Consult our Planning Dept. for the creation of the new modern office your business re-

PHONE LI. 8515

“Floor to Ceiling Service”

ame od)

Labia FasL. MARYLAND S

CROSSWORD PUZZLE

HORIZONTAL Answer fo Previous Punle Soiree of i : Prussia, 3 ie CIAINIAIDIALIL |AIWIR EIN 21 “Lubricant, official in R EISICIAIPIEIE E 23 Dower 14 Secondary ELIT VII I{SIOMMIE(TIE has ee” law. OIN PIRIEICI ISIE ols money. 16 One who ices. [U[SIRIE|TIRIEIAITIEIR PT] 26 Indian 17 Organ of NEB! IT RIE|BERA gateway. hearing. DIRIAIPIEIMAP OF [TIDIEJAIL] 28 To gaze 18 Angry. SIAINIER DAEJARINIS] __ fixedly. 19 Short haircut. _ITIAIN NIAIGLE. 30 To bow. 20 Nominal [SITINIRRIEIP]! IN[EISIRTIEIA 31 Eggs of fed value. clo LIT INIEE E 33 Self. 21 Poem. a. 34 To hasterly 22 To totaly 43 Sneaky.. 2 Heb con ‘3gKindled.”” 24 Name. 50 Evil. ining jpecac 39 Twisted.’ . 26 Cravat. 52 Age. 3 Close. ‘ 41 Work. ~~ 27 Bone. 54 Wattle tree. 4 To sin. J 44 Pertaining’, 29 To. register. 56 Moor. '5To dwell | to ar. 32 Strict. . 57 Seed covering 6 Harp-like 45 Sand. 35 To fasten 58 Sea. instrument. 47 Fabulous bird a ship. 59 Polynesian 7 Shark. 48 To scorch. yo Lavgest Youd, _ Shestnvl. BWas indebted. 49Cotion fabrie) 37 Perfect 1He is —'s Chest bone. 50 To throb. pattern. chief hench- 10 Portrait 51 poles stake. 39 Opposed to man, statue. 53 Ev right, 62 He was Just 11 God of 55 Core cloth 40 Nothing. — to field | wisdom. 56 Away. 42 Note in scale, marshal. 12 Grain. 57 Sound of 43 Tatter. VERTICAL 15 Musical note. pleasure. 46 Sailor. 1 To depart. 20 He is also 60 Paid publicity | | > A | y 3 16 17 7 9? ul 6 - - ol % =3 bi et Als