Indianapolis Times, Indianapolis, Marion County, 8 April 1938 — Page 48

PAGE 20

A.T.&T. ADVAN

@ -

First Hour. Sales Equal Thursday's Total.

NEW YORK, April 8 (U. P)— Stocks advanced one to three points today in sharply accelerated trading. Sales in the first hour totaled 330,000 shares, the same as for the full five hours yesterday. 3 American Telephone with a rise of 4 points at ‘127% featured the upturn. Steel common reached 43%, up 17%; Bethlehem 46%, up 31: Westinghouse Electric 72%, up 3%: Chrysler 43%, up 31; Johns Manville 65, up 3%; Sears Roebuck 54, up .3%; Case 73, up 3; Allied Chemical 135%, up 3%; Du Pont. 100%, up 5, and Standard Oil of New Jersey 45%, up 2%. : The market quieted before noon ‘and prices eased slightly. : 8 ®

‘Today's Business . Ata Glance

$ . GENERAL BUSINESS

+ Dun & Bradstreet report - retail ‘trade this week 2 to 5 per cent over Yast week and 4 to 15 pe cent beJow year ago; wholesale t de 15 to 230 per cent below year a : Federal Reserve reports go gold stock this week $12,803,000,000, up $9,000,1000; excess reserves $1,580, 000,000, up $20, 000, 000; brokers loans off $39,‘000,000; circulation up $65,000,000; ratio 80.4 per cent vs. 80.5 previous ‘wee kand 80.2 year ago.

CORPORATION NEWS

Baldwin Co. 1937 consolidated net “income $177,634 equal to 52.cents on common vs. $187,841 or 59 cents in +1936. ° Consolidated Oil Corp. 1937 consolidated . net income $20,809, 295, equal to $1.47 a common share, vs. $16,728,930 or $1.18 in 1936. Duquesne Light Co. 12 months ended ‘Jan. 31 net income $9,955,632, ‘equal to $3.98 a common share vs. $0,856,867 or $3.94 in previous 12 months. : Montgomery Ward & Co. March ‘sales $30,796,876 vs. $34,931,168 year ‘ago, off 11.8 per cent. New York City Omnibus ‘Corp. ‘and subsidiaries (consolidating

‘Madison Avenue Coach Co. and| &

Eighth Avenue Coach Corp.) Feb. net income $177, 014 vs. $143, 697 year

ago. Pacific Power & Light Co. $1.75 on 7 per cent preferred and $1.50 on 6 per cent preferred payable May 1 Jeger April 18 vs. like payments Feb. 1

Russeks Fifth Avenue, Inc. year|P

ended Feb. 26 net profit $180, 197 equal to 69 cents a share vs. ~$401,576 or $3.06 in previous year.

DIVIDENDS

American Cities Power & Light Corp. 37% cents or 1-64 share of ‘Class “B” payable May 2 record April 12 on the class “A” stock. Mid-Continent Petroleum Corp. 25 cents payable June 1 record

May 2 vs. 50 cents year ago. (Copyright. 1938. by United Press) wi we eae eros

N. Y. Bonds

By United Press BOND PRICE INDEXES

. 20 20 20 60. i Inds. Rails Utils. Bonds Yesterday ..... 36.2 53.2 88.8. 92.7 Week ago ..... 4.9 50.5 . 814 70.9 ‘Month ago .... 80.7 6L6 92.6 83 ‘Year ago -..:-. 91.8 943 1021 96.1 ‘Two years ago. 91.6 92.7 1049 96.4 1938 high '..... 83.0 0.0 954. 825 3938 low ...... 749 29.8 813 90.7 2937 high ...... 95.0 101.2 106.0 100.7 2937 10W ...... 80.1 69:3 923 8L1 4936 high ...... 94.8 100.4: 106.2 100.2 2936 low ...... 900 84.7 703.5 93.3

jlCopyrigit, 1938, Standard Statistics Co.)

NEW YORK, April 8 (U. P.).—Bonds oy steady. Net

‘Australia ‘55 55 ..... 5s 96

open cl Change

B&O 5s 96° ........ 19% — RO ls, evi eve 15k Ey kL razil 6s 26 ....... y, Cin Gas & El 3%s.. jax n “Cuba 5'%s 45 ..... 5 - 1 N Y Cent 4%s N .. 45% .... N YCent 5s ....... 0 . Rem Rand 4%S ....eee. 862-4 Ya Youngstown 4s .........eeee. —_ : ; Curb Stocks ; Bv United. Press i} NEW _YORX. April 8 (U. P.).—Curb Stocks opened steady. - Net

Open Changs

Am Cyan B Cities Serv ; 1 it Creole Pet agle Picher Lead.. 1h Gulf of 00 . or Am Rayon A... an ir +3 antep : n Ga *%

FOREIGN EXCHANGE

YORK, April 8 (U...P.).—Forei SE firm. Following Aare noon oie

rates on. major currencies e ‘England pound). 4 3 le Rates eS Sohne 95% +.00 ie EE dollar) ” 3g .00 1-16 France (franc). 0307% = ~-.0000% Jtaly (lire) ...... .0526% —.0000% Belgium (belga) .. '11684% -+.0000%, Germany (mark). .4013%2 ........ [Germany { (travel 415 : Bwitzerl’d (franc) .2203'% 1.0001, Holland (guilder) ..5540%2 +.0005 weden (krona)... .2559%2 +.00011% ‘Norway : fkrone} 249512 +.0001%; Denmark (krone) 7.2217} +.0001% Australia (pound) 3.97% .— . Austria (schilling) .1890 <+.0005 Lzechoslovakia ; & (koruna) ...... 03481 .. ......: . . Eland anarkka)’. 022012 - 4.0000 reece (drachma) 91%2 +.0000 Sugosiavia {amar} 235 Josie. w Zealand In} 4.00% .- wh and (zloty) .1890 -+.0002 ortugal (escudo) .0451% —.0000% . Rumania (leu) -. § Ceeens greentina (ofiicial i: . teas aris .3310 was his en argentina ( (unoffi- hk 3 0030 cial peso) ..:.. y ghile' fl . we sevunas . eru 3 0013 = (peso). w . dos co {siiyes 0003 3935 —.0050 = +.0002 % —— s + BANK STOCKS Bid Asked Bank of AMETiCa ....ccesee... 3972 412 ank eof Manhattan ..ess.... 20%2 32 311% 348 8 4 43 140 12 4612 21 “1615 a, i a 1

Large Supply Tumbles Gains Of Local Hogs

Top-heavy hog prices were reduced at most points today and locally 15 to 25 cents was removed from Thursday’s levels, according to the Bureau of Agricnjiueal: Economics. Supplies at Sadianapolis* were

‘again the. largest : on sale at the

eleven principal. markets. Weights scaling aBove 160 ‘pounds suffered the maximum loss of 25 cents. This put the practical top at $8.80 for good and choice 210-220-pound butchers, but a load and a few smaller lots of strictly choice hogs scaling up to 230 pounds were .included, while an extreme peak of $8.85 was registered on a few out-standing-216-pound averages.

Packing sows were slow, with

a few 500-600-pound offerings noted at $7.25 to $7.50.

hardly offered a test of values, the limited Friday receipts were cleared in a firm manner .at “fully steady.

rates, upholding quotations which

have advanced materially to date this week’: A few good steers ranged

downward ‘from $8.65, with most

heifers at $8.25 and. below. Nothing

in either division.

Prime steers have reached $10 this week, scalingi1338 pounds. Cows and heifers are mostly 25 cents up, with many sales of common and medium heifers 50 cents higher. Closing steer values show 25 to 50 cents increase over late last week. Vealers ruled 50 cents higher, with choice at $12. Around 3500 head of lambs sold actively at steady prices; the run including four double decks of good

—Recepits, 498— (250-400) Choice

Goo! Medium ....

nts lower; 200- i as: 5; 160-180 :bs..

.. $8: stags, $6.- Calves,

St g———

LAFAYETTE, April | 8 (U. Market, 25 to 30 .cents lower; [email protected]: 220-240" .lbs,, $8. 508.60; a ia st fei: hi : S., . $8.3 : Di S, down; youghs 8. 5 do Wh. . Kis ” Lambs, [email protected]. :

$11.50.

B.). ny 200 20 bs.,

$11.

bulk k flood, ps packin ng 8 ws.

KL A stron +3 ‘25 ed 1355 1bs., $9: g 25: good beet 3 and cutter bulls, $7.25: alors: practical $11.50. °C eep— Receipts. 1003; very I ig

jambs

p a heifers,

ong to 2 e direét:

fisher,

uncertain. Sy:

ey

See Final Edition offhe Times Jor 2 Closing Stock. Quotatior and Chae Late New > New

| early sales mostly 25 cents lower at, $7.25 to $8, mostly $7.75 and below, |B

Although the supply of fat cattle |"

strictly good or choice was offered |

ome

to choice Western lambs at $9. 6215 5929 5930 5419 ©5344 11500 “6440 7000 *35! 5510 7307 , 8.00@ 8.65 8.25@ 8.70 a £0 on (220-250) Good and choice.. 8.35@ 8.80 (250-290) Good and choice.. 8.15@ 8.65 SoS 3500 Sood and choice.. 8.00@ 8.45 (13-815) Good 7.75@ 8.00 (350-425 7.65@ 7.80 are oon Tie 1% - e Slaughter Pig om 150 15 - ) 7.25@ 8.25 7.00@ 8.00 (750-900) (900-1100) 5000 99 (1100-1300) 9,[email protected] (1300-1500) [email protected] (750-900) 8.00@ 9.00 00-110 8.00@ 9.25 (1100-1300) 8.25@ 9.25 11300-1500) 8.50@ 9.25 (750-1100 7.50@ 8.25 Q108- i300) 8.00@ 8.50 Steers and + 5756 175 (550-750). G 8.00@ 8.75 (750-900) GOO .........eess 00@ 8. (550-900) Medium ........ "ee 5% Sol. (550-900) Common ....c...s 6.50@ 7.25 C an Selaniz- ows O00. eaiinaanea sdsesse 6. y Medium’ aka $320 65 Common. ...........oe0n. 5.50@ 5.7 Low re and cutter ..... 4.00@ 5.5 Bulls : Yearlings Excluded (all weights)— * Good (beef) -............... 6.50@ 17.00 (All weights) ‘Medium ...... 6.25@ 7.00 Cutter and common ........ 5.25@ 6.25 Vealers a (All weights) Choice ......... 1] N12. (All weights) Medium’ . ver I: oat: (All weights) Good .: vie 208, . 11 and medium ......: Cranes S30 B. Calves -

“l'indicate i" based on

FT. WAYNE, April 8 (U. P)—Hogs_Mar-

al 0 oN EeSsdf 3%:

Sis 50% cutRial’ : To top

ht Bly but ted | niant to the system disclosed today.

c Sede, Sta {Ee wes many. 20: amps, down. Out a € EE "A and

ran INDIANAPOLIS TIMES

FRIDAY, A Tr 1938

orps: {Trs 59 1 Bos Cn 10.63 i USELAF B 1.33 1.43

| Schellk .50 1.50 .68 a Pe 7.82 33 wenl® ra 11.06 12.22

Inv Fd Key ces 17.82 19.52

LOCAL ISSUES (By Indianapolis Bond & Share Corp.)

The following. guotations do not repreor offerings. but merely the approximate market level buying ‘and selling inquiries or Tecens transactions.

"BONDS

Common ... ; 465 x ig, Asked st Feeder and Stocker. Cattle, gle rican Loan Co 5s 61. 1 102 105 ee e3-500): Chotce “g.50 | H Tel & Tel Ft W 51s 55 or 108 105 (300-1050) Choice -g:50 | H Tel &-Tel re Gi lg 108 (800-1050) Good 30 a (500-1050) Medium 3:30 6 Heifers Yommon 99 3.7 g a : 8 (550-750) Good and cholce.. £13@ 113 a 5 981% 101 Common. medium _ 6.00@ 6.75 | Muncie Water Works 5s 65....102%. ... SHEFP AND LAMBS Noblesville’ HL&P 568 47 ....100° 102 —Rece ci 0 hio Tel Service 6s. 47... veer 9875 100, Receipts, 3782— | 98 100 Lambs— A = > Tel ava 65 ..... cocesessen Y 105 CHORE +5 5r ima sns ins seni 9.00@ 9.25 | w 5 108% 103 Good... i iesinvaveneiens 8.25@ 9.00 svmour “Water” Co 5s 49. cena 100 I Medium "..1iillI0NNNL nB@ e2s |X ir ae As o 58 10s 10% 5 : : x ater rien : p | Common cesesinsernesecersepte 6.50@. 7.75 T H Water Works a= 49 Tos Good: and choice .......... 50m 450] 0° TON LO 2 TOCKS Common and medium ene Aa, 3.50 STOC 1 PN ae Belt ER 5 J som Severn ® 51% s pid ..i.e00e 2" . HICAGO, April (U. P.).—Hogs—Re-ACent Ind Pwr 7% 2H sevens 11%. 14% gels, 11,000, at 5000 Sires Mar: Home T&T Ft W 7% vofd ..... 50% ° 53 ket, 15@25c lower: top, $8.90: 170-240 I Hook Drug Inc. Hg PIRI RS 12 14 [email protected]; 250-350) 1bs., $8. 35008. 60; a Ind Mich T% ..... cw. -eese- 07 J 160 lbs. [email protected]) good 350-550 packing {Ind Gen Serv Co 6% nfd ....101% 1041: sows, [email protected]. Ind Hydro Elec 7% pid .c..c. 42 45 Cattle—Recepits, 1500; calves, 500. All |Indpls Gas . oe 20 killing classes scarce; storm conditions | Indpls Pwr & Tt pid 6% a 73 6 holding down receipts; market, active, | Indpls P 61200 ..resecensen 78 82 steady; few loads ood and ‘choice fed | Linc Nat Life Ins .... ........ 22 25 steers and _yearlin go $9@9. 40. best. held | XN Ind Pub Serv Co vid 5%%. 44'2 48'2 around $9.50; heifers, [email protected] on some |XN Ind Pub IV 6% ...ocveee 48 52 loads; fat cows, $5. T5@86. 50; 2g $4.50 | XN Ind Pub Serv T% «ocreece- 50 54 @5.50: sausage bulls,’ up to $7.25 or more; | Pub Serv of Ind 6% .......c.. 131, 16% vealers, $11. Pub Serv of Ind 7% -..-c.e0e. 24Y; 27 Sheep—Receipts, 11,000, including 1200 | Progress Laundry Co com 12% 14 directs, late Thursday fat lambs, 15@25c | Terre Haute Elec Co 6% «-«-- 93 96 sid more up; [email protected]: 102-1b. ‘aver: Union Title Co com .... 22 25 es, $9.15: ts s trade Slow, Van Camp Milk pf ieee 55° 60 talking, $8. 5@9; on wooled lambs; Sens Van Camp Milk Co com ..... 10 + 31% on sheep: ewes. $5. (By M. P. Crist & Co.} : xMarket St. Investment Corp.. 19.69 21.16

xEx-Dividend.

LOCAL PRODUCE

. Poultry—Heavy breed hens, 1c; eshorn ‘| hens, | 14c; heavy broilers, ila. to 2 Ya Ts. 22c; Leghorn broilers, 1} to 2% 1bs., 18c; old roosters, 9c. : Eggs—No. 1 Strictly fresh country eggs, 14%2¢; (each full case must ie 55 55 lbs. gross. A net deduction of 15 cents for each Sun case under 55 1bs” will be made). er—No. 1, 29%2@30c; 0. ther Butterfat-—No. i 26¢; No. 2, 4c. erro marestet op————

"RESERVE BALANCES REACH HIGH LEVEL

WASHINGTON, April 8 8 (OU. PD. —Excess reserves of Federal Jeserve member bankse rose $20, 000 in the the week ended April s to $1,580,000, highest level since May 1 last, the weekly condition. state-

‘Since actual reserve balances

were reduced $16,000,000 to a total of $7,296,000,000, the increase in re- | | serves over requirements indicated a fall of about $36,000,000 in deposit sceolinis not itemized in the sfate-

‘ment. ¢ The decline if actual reserves re-

ARGENTINE GRAIN

BUENOS AIRES. April 8 (U. P.) —Grain futures opened firm Wheat—April, 98%c. up 1%sc;: May, 987%¢c,

4C. rn—May, 64Ysc, unchanged; June, 62%c, unchanged. Oats—April, En unchanged. Flax—April, $1.24%, changed. May, $1. 24%. A nat

CHICAGO PRODUCE

Eggs—Market, steady receipts, 37.424 cases: fresh graded firsts, cars, 174s: less than cars, ie: extra than cars, 17%c: dirties. * 14%; receipts. 16¢; checks, 14Vsc: storage packed firsts, 18'2c: storage packed extras. 18%c. Butter_Market, unsettled: eceipte 833,771 gross nds: © extra (90-217 score). 38 at 150: Pi 92° OT 28c: ds, 20@2

firs @24c; 1c: specials, 28 TE 2c: standa ,27¢: centralized 3% 89 Sorel,

rds, 24%c¢; “Centralized (88 score). Poi 1ltry—Market. steady: receipts, 1 car, 18 trucks: ducks. 18@323c; geese, 14c: hens 20Y2@23c. spring chi 812C: Tok:

chickens. Jaa? horn hens. 20c: Cc: turkeys, : 1a 2se: Soroilers, 23@24%c: fryers, Che ae Twins,

@25% 13% 40: yaistes, : longhorns. 14a @14 lies.’ Haale weak to Sleady; idaho RusRa Washington rth Dakota 35: Nak Lon

14%,

slow: market. set Burbanks,

es, Green Mountains, . , liberal; demand.. : gk sales, carlots ye Triumphs, ushel. crates, [email protected]%2 Texas PBliss Triumphs, $1. hy 70; on track. 218: shipments,

U. S. STATEMENT

7 34,781, 46s. 009. 03 7 11,592,433.048. 33 01 30, 903, 560.7 .$800, 600

. Debt. 7.555,821.584. oe, ee 2.801. 1.353 298; 113.705. Today's Gold Cert. Fund Incr

INDIANAPOLIS CLEARING HOUSE

Chasen sane an eatin sain ss $3,203, 8% run | SEE" EDI TR ~... 6,035.0

FOOD PRICES

CHICAGO, ril 8. (U. P.).—Apples— Michigan Pictatosn. [email protected].. Sweet Potatoes—Tenne us| ham Je. Carrots—Tilmots, is: bushel, 35@40c. Pe Sbinac Flori lugs ely 1.75 A%!0 uiifiower—_ ori as aE Staves Wag Peas Call ornia, elery— Florida, Deine (50=-

1b ks)—1Illin 57 ass. pen {street les): wis nein Yellows

EH FI (Ag 0 Hl Re : chigan | iow A0, vers. $1.35

A ellow ODanver Sh: n 3%:

¢ om} 1.32

fliers PEASANT REV OLTS SEEN

HARTFORD, Conn; . April 8 (U. P.).—Dr. Wilbur L. Cross, who will

Governor in the United States, predicted today that:peasant uprisings youd overthrow European dictatorPS.

| comee——————— ENGLISH NOBLEMAN DEAD LONDON, April 8 (U. P.)—The of Milford A Haven, 45, tten,

be 76 Sunday and is the oldest | ch:

By United Press —a— ‘ges |DOW-JONES STOCK AVERAGES oe Add h Rien ri To ga = ow 8 A 10 1s A dressograp. 18 18 = Yesterday .....coovse. s-..s 105.43 —0.86| Savage Arms .. - Air Reduc ..... 3 43 43 ¥ abd Of ..... 1 » i] : llegh Corp 1 1 1 >. 2 Week AZO ..ocoscosscsestcse 103.02 +4.07 Sears Roebuck. 51 51 ® B1Y sip YY! Allied Mills 9% 9% 9% ..-. Month AO ..eccvveccccscsss 122.44 2.27} vel ‘Inc +11 11. ade Allis-Chal ..... yi 31 31° +.% So |Shell un On. 12% 13% 13% + Am Car & Fd 164 16 16 a Year Ago cesssasnee sesesees 178.94 40.76}. AO ....13 187% fo Am Chain & ¢. 11 11% 11% + %| High, 1938, 134. 35; low, 98.95. Pn AS in ih 12% ie © Am Mch & Fdy 11% 11% 11% — | High, 1987, 194.40; low, 113.64. So Cal Bd.....21% at 2, tt Am Roll Mill .. 36 137% 18, + % 20 RAILROADS South By gems 1% 1%: od {Am Sell ie 33% 3% Bs + j2 | Yesterday ......oiciieiee. 2030 ... |South Ry pf .. 10% 10 10% + Am Stl Fdies '. 19% 19% 19% 1 8 Lweek AO ....cocereessenees 1981 +081), logel Ing’... 3 , 8% + 1B Am Tob B 87% 61% 67% .... | Month Age ..... —0.70| Btd © Cal wi. 2106, 37 IT + A, A .. 1: ag X Ya| Year Ago ...... +0.15| Std Oil Ind ..... 37% “20% WW ah Am Zino rll HE sal 30 ¥ up| Hin 1088, 5233; low, 10.00 Stone 4 wes: wom eT 3 : er 21% High, 1937, 64.46; low, 28.91. uperior Oil i... 2. C23 = Ya Apw P ai, 2% 2a + % So 18 : - Armour i Ck. . 2% i Rd i ie Yesterd Hue 16.88 —0.1% we Son qin i a strong 8 esterday .....ccoccecc0nces . 1% . et Asso Dry G 5% 5% 5% + : TE Texas Corp .... 36%2 36% °-36% +, ASSO ary Gds - bie gps apis I 5 Week Ago .......cooenieiies 1586 40.92) Tex G Sul... 28% 28 an > Atlas Corp -.... 6s “674 6% 4 3% | Month Ago ........ic....... 1858 —0.29 | Thomp Star pf 8 3 82 +. Atlas Corp pf . 5% in Sh le 1 Xear Ago .....ciiivinviees 31.16 40.15 Tide W. 4A Ol. 12% 13% Ba 3 Aviation Corp . ee s 3% + %! ign, 1933, 21.86; low, 15.14. T cals gta Oh 3h = % - High, 1937, 37.54; low, 19.65 Tri-Cont ; rete / ’ * po . - 3 18 ! Bd pot 0 Of io srocKs [FEB 6 8 Sn] JaIher oo cones 13% 13 13% * 2 Yesterday ......coceocenvees 33.50 —0.24| glen & 1% th 1% ge 1 arns rene Y ? $e Ey at Bafnstall 1 40m Ht 1am IT Yieek ate vesessesesssassees 3242 41.32 oe? Ell i Best a A Tn By 3 I nr oe, Mou J EO cy crcruoreoiiases 39.04 —o.77|Gnion BAF oO ak ak Ti I as 4 PF ARD .....ahiiisees 26° ’ : —_ YW Beene Maes fn fu hn TI men, di ow, sie (U8 Shem fg 8) 1, orden .-....ce0 — . Rey 's 40s - 3org-Warner . 19 19 9 + iH Hi 1937, 69.67; low, 38.87. Un Aircraft: Cp 22% 22 2 + | riggs Mf] 16% 16% 16% + ¥ Un Air Lines 6s 8 sess Lp g Ri : + ? ; United Corp 2% 2% 2% + % Bklyn-M_T..... ny le ve 3% —M— United Corp Bh 2p In: 3ulova W_ .... 18% 18% 18%s + Y - ARE Net oh I oa 9 9%, 8 =u 3yers A M .... Th Va Ta esos Lor al High Low LastChange|U S Ind AL. 15 15% re & A ; —C -0-. ass ... 26 26 26 «= 3% |U S Rubber.... 24%: 2 28Ya 4 Ye 7 Loft, Inc ..... . 1 nee. {US Rub 1 pf. 61% 63 42° Calumet & H.. 6% 8 3%... |Long Bell A .. 2% 2% 3% .... |U 8 Bree Pv Bw sh aw Fi GID ny... 10% 10%. ..... | Martin GI... 1 15% 18" + yu |U S Steel pf. 100 - "99% 100 + % a Dry ... 13% ‘13% 13% + Y2 | Maytag ....... 4 4 4 lOtP & LA... % Sg =o sens Cap Pacific»... 8% D8 DWTE lh Melntyre Porc. 38% 38% 38% "3 | Walworth ...%. s% 84 SF % a 32° ‘sz 3a Mesta 31 31 31° + 1i,|Warner Bros .. 4 i% 4% “.... Shes. & Ohio... 26%: 26% 20% + Y% Miami Co Va Ve % .... |Wayne Pump 20 20 20 + % Tr a" Mission Corp 12s 12% 121s + 1, | West Union: 21 21 21 + Chrysler... 41% 41 1. +1, | Mont war 28 28 : %o|west Air Bis low 10% 19% + 5 City 1&F ...... 10% ' 10% 10% —"Y | ydher Tode 3 wn. Py TI." west G9 esha GA + 1% Climax Moly Co 35 35 35 + er Lode .. % Va Wer wis vesting Ei 16% 16% + Col Broadcast A 16 16 16 + 1 —N— Willys Se ‘pt 4 43, or 2 Com Credit 3 Bu By By = %| Nat Cash Reg. 14 14 14. 4 3% |Woodward Iron 12% 12% 13a + % omwlth & So. 1% 1% 1%s — ¥s| Nat Dairy 13% 13% 13%! * | Woolworth 39 cess Cons Aircraft . 13 + 13% 13% 4+ %| Nat Distillers. | 15 8 BR 8; lee Y Cons Edison ... 18% 18%2 184 + % | Nat Gypsum .. 5% 5% 13 1 1a > na Cons Edison pf. 90 90, 90, ---- |Nat Sup Penn.l16% 16% 16% + 2lyctow Te 1% RB” HB Tan eS pel. gi 27 sug uw] N Y Central , 13% 12 i2%.4 .% 2 Crane Co ov pf 81, 81, 35 I 'sy| NYC&SIL pf ll Ie 174 as Ew hy 131, 131, 13% + i] No Am Avn .. 6%. 6% . 6% ..... : Curtis-wr A 151, 15% 15% + %2 —C— 5 De el OBI0 Of... 11% 1% 11% + Y% pn co GE BE gr hr Bam B Ta © S ececcees 2 v2 a —-— Biwi MD ME NS Tu lmeoamoam Tam am BUSHMEN’S AlD Ba AR RT Rf Tipe meg, WR ed 1k savas nn RR ..... 16% 18% 16% 7 : = ,, | Ehelps Dodg .. 20% 20% 200% I+ | East Kodak .. 135 5, 1%, 2; [Bhillips Pet... 31 31 31... 5 mew Eure Li Th Tf JH 1.7 |Ebmouinton asd ag ad TL Smoke Signals to Be Used as wmf ub, Serv 5 pf. 102% 7 eth ; : ; Flintkote «ee... 13%, 13% 13% + % Pullman ks i 2 a : % Means of Sending Gair Robt 3 3 3...) 5 Re : : ? Gar ied Ind. i% : In 3% a Radio’ ......... 5% 5% 5% .... Important News. Gen Electric .. 313 3h Fiz + 1% adio-Kor.. 3% 2% 3 I 2 ie n 0as . a 74 . Gon aie HW Wi YUw|sewiosntlig i 13 yy) SYDNEY, April 8 (OC P) ~-Misodrich ...... ls 8 : : : Goodyea aie. 1 RB it evn Tob i 38° a7. 38° 1 3 |slonaries stationed at lonely outGreyhound Cp. 9 = 9 5 If posts along the Arnhem section of Homestake .... 52% 52 520 4+ Ya _ J the North Australian coast are coHowe Sound 1 fie 31 Ne rT % ‘operating with the Australian navy son oto . cons Hudsn May Min 23 - 28, 23 + % in the defense of that part of the | fe ‘coast. Ina ii Cop 151 15% pe 3 nl © MARKS PIF TRADE Native smoke signals will be used Intercon Rub oy, 2% 2% i A ¥ for transmission of important meser e Ir .. i Int Harvester .. 55 54% 55 + 1 : sages. Int M Marine. 2/2 212 21a ... Concentration. “oh : Wheat, . The missionaries at the ‘MethJob JCEM veers 7% 12% 424 1 5 odist mission stationéd at. Goulnt P&P ...... 5 5% + ul Int P&P bf. ... 21% 21% 21} .... Corn La Ss Behind. burn Island, Milingimbi and YirInt TET For... Gh, % 5 = % g rakala, have been issued special omen 8% BN A CHI6aGO A oO BO =e : p « P).—Inoo 7 31 3 aken should a national emergenc Kennecott 50% 204 20% x vo| creased buying in Liverpool, where Jaken ial emergency Kresge SS ..... 16Ys 16% 16% + Ya the market closed: 3 “to 4 cents Delivered Under Seal Lehn & Fink... Th “% 7% .... |higher, steadied Chicago. wheat| when the mission lugger, St. ’ —Jprices. igher level today. Nicholas, left Darwin recently its INVEST ING co S J \dAtthee of the first hour wheat | master was entrusted. with three nc ss “Ask a re phi Li Som | sea sealed envelopes from the Navy dm Fds 9.29 9.88 Key CFB3 ire 12.74 re Atfil Fd 3. 33 3.6 7 CFK1 115 Hi 3% to:% cent higher. .. Board,’ ‘which he was instructed to i aM -): mE 275 3.04)” CFS3 1098 11; 9 ‘The shdrp advance: ‘at the start deliver ‘personally to the mission Basic Ind 2.82 s/n FS4 353 3.921 of today's session ‘attracted a mod- | aries to whom they were addressed. Bos ad St 10.72 21.09Mss In Tr 16.47 17.4% | erate volume of . selling for profit These bulky envelopes contained Cent TIst 18.46 13. Bus oh = 3.58 3. but. as the session continued de- | code - books and instructions dealCp Tr Shs 18 govig 01 108| mand again increased: and the |ing With the establishment of this Aas } ei Ang Fa 9.03 10:68 | market: started back ‘to ‘ opening nes] coast Valen 3 ee » AA md, 2. i N Stocks JAné:, a highs. : Liverpool was: strong at the jhe inaligure} . fi ee cumul Tr, 365 [1l| Bk Sicks 713. 33 | close and buying here Was based been 1 under conside Dep Ins 38 .... £& .65 <8.13 | on foreign action. Reports from "pg 221 0 |El Eqt 5.65 6.13 ! : . Divers D 430 4.80 Insurance 7.40 801| Texas indicated that as high as 70 Each: of the three mission sta Shrs 99 1.08 Mach 6.07 6.58 tions is equipped with “pedal” wireEat SEES 1430 108 Meotals 674 734 Der cent of the state crop was In | oes” sets, power which is supplied Flaeitty © 15:2 16:46 SR Eat 3:39 5:78 danger of serious damage from b aborigines pedaling an apparatus Ficeal Fund Inc: | Steel 9% 58s §33| freezing weather and similar re- by the push bicycle principle. One ok Str 373 388 No An Bd 41% « |poris came from other scattered |,¢ the sets at Milingimbi is powerFix Tr A 1.05 ....|' 1955 ‘10: .... | points in the belt. Wheat “receipts | £,;; enough to communicate ‘with Forgn Bd 5.86 637 No Am, 1956 286 | were 37 cars. Darwin if required. Found ‘3.15 3.40 Quar Inc 83 9.58 .Corn prices were steady at the 3 ag Fd In To 12.00 13.00 Sr am Inc 7.83 8.53|advance. Buying, however, was Clearing House. for News »B 3.4 3 Sel Income 3.25 ... - Gen, Cap 25. 2 27.01 Spen, Trsk 12.60 13.28 Ierste 53 Corn Sill Iafied to ge If the intention of enlisting the On IY i Biber Co a fi ant from 116 2 lSntion ins ba d | co-operation of the more untamed | 0 1€! eb . ir oe our s 1 oe 2 209 kel to wheat. Becelpis were 140 cars. Hogrigines fox this gartinulay region Inv Shs 35 ell BB ed bog sb WAGON WHEAT become the ® ans of Petre 32 pervised oa City grain elevators are oak ng for No. BRE = 4 Trst St Inv 1:93 10 | 2 red, 73c: other Rrades on thelr merits. news relayed along the desolate Hur Corp A 163} Rona Mi... Gash orn new No. 2 veflow. 4bc. Oats. | coastline by means. of aboriginal X . : 6 Invest Bank Cor ©'A Bk .53 smoke signals—the : so-called “bush

telegraph” system which has amazed white men since they first came into contact with it. By means of these smoke signals, aborigines send: messages long distances with remarkable rapidity.

PHI BETA-KAPPA AT | DEPAUW ELECTS 22

GREENCASTLE, April 8 (UR). —Twenty-two seniors, 17 men. and five women, were elected to Phi ‘Beta Kappa, honorary scholastic fraternity, at DePauw ii A today. 3 Those to Feckive Scholarship keys were Robert Anderson, Chicago; Robert Baldwin, Kokomo; “Chester Beeman, Bokomor, Roal Bergethon, Brooklyn, N. Y.; Thomas A Taylorsville, Iil.; Norman’ er, Dayton; Henry Heintzberger, Mish-| awaka; Curtis Huber, Evansville; Kendall Lappin, Lima, O.; Louise s | Lindley, ‘Danville, IL; " Robert’ Mackie, Harvel, IIL; Ralph’ Mann, | Robinson, Iil.; James Victor Martin Jr., Japan; Dorothy Moore, Evanston, Ill; Elizabeth Nichols, Greencastle; Paul O’Brien, Denver; : . Jack

wasmmerox, apy 8%, Fozony | Oswald, agrange, Li | Alen ernm e n _ soars d Ee current fiscal year through April 6, com- Schneider, Louisville, Ky.; Mary nared with a year ago: Last Yea Jane Shideler, Indianapolis; - Arthur ; nes . .$5. 5.830. 321. 436. 51 $5. 3168 gL. 071.50 "so | Sieben, Geneseo, IIL; Panl Vanri Gross bet: © 49,473.583 31 3:82; 502.418 3 Letan on, and Elizabeth Yount, Bedoss. 892468.633.31 1.193.055.568.38 | ford. ‘ Cash Bal. 8 61, 1896, 1480; Ht 3, 801. 213.3 ih NOE, Bal. 1,308 486, 4.98

SAYS U.S. TO BUILD -CHICAGO NAVY YARD

.GHICAGO, April 8 (. P.).—Plans to develop a Navy yard in the Lake

‘| Calumet region, near Chicago,

construction of small craft oY, plated under the billion dollat | Naval appropriation bill now bes fore Congress were revealed today a copyright article. in The} eu cago Times, ' © .% The proposal, abtording to; th t | Times’ story, has Been placed po fore the War Department engineers who pass on harbor projects. If approved, the plan would provide for construction of millions of dollars of fast, light ships, including submarines, destroyers, cutters, coast patrol boats , ;and submarine |

WHITNEY SAYS

HIS BUSINESS EARNED PROFIT

: Tells SEC He Took Bonds to

Save Off Financial Collapse. :

to the time it. failed.

- He appeared at a hearing of the

Securities and Exchange Commis-

sion, which was attempting to obtain’ information that may be the. basis for legislation designed to pre-.

vent other brokers from: commit-

ting the offenses for which Whitney

will be sentenced Monday. He has

pleaded guilty to larceny of secur-. ities owned by the New. York Yacht

Club and the estate of his father-

in-law, George R. Sheldon, which.

were intrusted to his care.

Whitney, appearing at four pre-

vious investigations, said he took

the securities in an attempt’ to

stave off the collapse of Richard Whitney & Co. which handled the bond brokerage business for the "House of Morgan and once was considered to be a Rock of Gibraltar in Wall Street. Scribbles Notes

Wrinkling his brow over intricate financial questions and scribbling quick notes on a yellow pad of paper, Whitney said that his firm never had lost money on its brokerage business. “What net profit has your firm

made in the last fewayears?” asked.

Gerhard Gesell, SEC counsel. “Ninety-four thousand dollars as shown on the books in 1937.” “There always has been scme margin of profit ‘hasn’t there?” “Yes, sir.”

Farm Tenants Found to Have . Better Chancel

ST. LOUIS, April 8 (U. P.).—The lot of 3,000,000 sharecroppers and tenant farmers in the United States has shown a gradual improvement during the get two years, according to’ J. R. Butler, president of the Tenant Farmers’ Union, an af-

filiate of the Committee for Indus-

trial Organization. “Our ultimate aim,” Butler said, “js for every sharecropper to own his own land. When that is brought about the union will naturally have no further Justification for exist.ence.” Butler said there has been a marked decrease in the frequency with which meetings of the tenant farmers’ union have been disrupted ‘by hostile forces, particularly in Arkansas. “Governor Bailey of Arkansas cooperates by sending state rangers to our mass meetings to prevent disorder,” he said. Membership in the union, Butler declared, is the “poorest in the world.” He pointed out that only about 2,500 of the 40,000 members regularly pay their 25 cents a month dues. Butler said he drew only $600 in salary as president of the union last year.

‘LIFE’ CONTROVERSY SPREADS TO N.Y.

Several Cities ‘Strip’ or Ban Publication.

NEW YORK. April 8 (U. P)— controversy over publication by Life Magazine of photographs from the film “The Birth of a Baby” spread to New York today when District Attorney Samuel J. Foley, Bronx, threatened grand jury action against persons selling the magazine, Mr. Foley ordered hewsstand copies seized on the ground the photographs were “a flagrant offense against good taste” He showed a copy to members of the April grand jury and said they were ready to return indictments District Attorney Thomas BE. Dewey of Manhattan, however, did not follow suit. Question by news-

+| paper reporters, he said, “No ac-

‘tion, no comment.” -Several other ‘cities, most of them in. New England, ‘banned sale of

{the magazine unless the four-page

séction objected to were deleted. ‘ The magazine was banned or or‘dered stripped of the:four pages in New Haven, Boston; : Pittsfield, Worcester; Springfield, . Providence, R. I, and in New Orleans where

District ‘Attorney Charles A. ‘Byrne |:

said the’ pictures: ‘were “immodest

"1 and indelicate: 2

Roy E. Larsen, publisher of the

magazine, said the tensorships “ap-|

parently resulted from’ a‘ misunderstanding,” and that a test would be made today in New Haven, Conn.

where a newsdealer was: arrested n

last night for selling a copy’ of the magazine.

JUDGE COX TO NAME.

2 TO WELFARE BOARD |

members of the Marion :

County Welfare Board are scheduled to be named at 10 a. m. Mon=i by Circuit: Judge ‘Earl R. Cox. ‘are expected to fake the oath bo. ré Judge Cox at: that time. They are to serve four years.

_ Terms of f two of the Board mem=- | Mrs. Mariah B. Ferger and | Mrs. Amelia Hooten—expired March |.

‘30. Judge Cox said earlier this week that . Ferger would not be rénamed use she “had wanted

% vik off the Board for some. time,”

Rerger: geclined fo to comment -

: Hotel Association. wanted rum

* | So it asked hotel aiid restaurant men throughout the Middle West

NEW YORK, April 8 (U. P)— Richard ‘'F. Whitney, former presi-, dent of the New York Stock Ex=: change; testified ‘today that the: ‘brokerage firm which he plundered of securities and sent into bank-

“ruptcy was earning a net. profit up ettes, but calling a ‘baked potato anf

verre d’eau-.instead of . a lass of

Midwest Diners Vote Against Qeufs Sur le Plat (Ege: to You)

CHICAGO, ‘april 8. wu. Py— Shall a baked potato remain bed pam just »

e de' terre’ em: robe en chambre? ° will it be fried eggs or des oeufs sur le th string beans or un filet de boeuf au » do you prefer ordering champagne or

WV

Main cbfectiqns to French menus, declared Frank W. Bering, chairman of the Midwest Hotel Show, were best expressed by two diners who said:

That's what, the Cirle

whether they and their . patrons prefer menus in English-or French. “The verdict ‘was’ 1m favor of the English: - ‘The’ is indicated that. the restaurant patron may have become ‘agcustomed to hors d'oeuvres and crepe. suz-

to point, then pray it will be something I like.”

Boocock Shoes

“Art in Footwear” 28 Monument Circle °_ >

“apple of the earth with its skin.on” is too much. Likewise, t dlagneau for leg of lamb; sbuvez un

water, are out of the. ques

6-DIAMOND

BRIDAL PAIR

/ Tomorrow, Saturday

BOTH RINGS for

50¢ a Week!

—Large, sparkling - center dia.mond and 2 side diamonds in the engagement ring with a perfectly matched 3-diamond wedding ring.

See the stunning Diamonds we're showing at $10.00 to $500.00. :

J JEWELERS SINCE 1H50 2 Doors East of

132 M onument: Ci rele English Theater

7 s

~ MEN'S SUITS and TOPCOATS Cut

To Rock Bottom Prices

re LIKE NEW

155

LIKE NEW

1 = Ta

“You can get the most complete wardrobe of latest and best styles here—so plan to visit our store right now. Hundreds of fine garments to + “choose from. -

SACKS BROS.

306-8-10 INDIANA AVENUE

Lap

“When I want to eat I don't like

=

Ba pd é Open Sunday From 9-12 CROSSWORD PUZZLE a, HORIZONTAL Answer fo Previous Puzzle © 13 Snaky fish . 1,5 Pictured ; -15 Nations’ motion picture SEINE RA elo an Ne stories. : . Stem, TEAR LRIATIEMBIOBL. 201 ahs 11 Climbing P OD A NOM ue er plant. Th =10ls al . 3 12 To restrain E Oj NERAL SITIEIRIN 22 Small horse) through fear. clulal 2 Snare: 14 Oriental nurse | [DIE[AIL R Q 2 Co revolved 1% EM. EEN] (RIERNE] 29 Poems. 17 Sport. RIAGHT SIL AID] 32 Being. : 19 Filled with ER OIRIE FIEINL 35 Device for ashes. . | RI1|LINOICIE A|TIA] ‘browning =f 21 Note in scale. [gh B MIO[TIE bread. : y 22 Hazard. - : [O] brea A 2 Slightest., 46 Hurls. year 1920-30 38 Hon 25 Rocks. 48 Upon. ~ - gatherer. 28 To decay. 49Small dogz VERTICAL 495 put omy 30 Your mother’s 52 Sound of 1 Nothing. 41 Custom. * sister. © inquiry. 2 Upon. 43 Knife. 4 i 31 Ocean. 53 Dye. “ ~ 3Ruler in a 44 Region.’ : 33 Stir. . 54 Nothing more King's absence. 45. To drink . 84 To attempt. = than. 4Actof ‘slowly. yt 35 Light color, 55 Baby carriage. admitting, Fr Animal's, i , 36 By. 57 Above. 5-Street. stomach. | 37 Within. 59 She was born 6 To cure, ’ 47 Thump. © 38Toassist = in—, 7 Gaelic. 50 Before. i ol over obstacles. Canada. 8 Beams. 51 Age. : 39 Note in scale. 60 She received 9 Type standard 53 Common vert) * 40 CoHege official —— as the 10 Rodent. 54 Mountain, 42 Trees. - © a outstanding... ; 11 She is a — 56 Mother. & A 44 Bronze. actress f or : actress: 58 Pgctseript x . ) 2 % ¥ i : 3 » ; . 8 . 1 ¢ 7)