Indianapolis Times, Indianapolis, Marion County, 16 April 1938 — Page 11

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‘0.8 Bond Issues Soar To New 1938 High.

NEW YORK, April 16 (U. P).— Stocks advanced 1 to 4 points in active trading today. Bonds gained, led by United States Government issues, six of which made new highs _ for the year. Inflation sentiment brought buying orders into markets. The dollar declined for the same reason.

Major commodity markets, except

grain, were closed in extension of the Good Friday holiday. Foreign markets were closed. It was the fourth consecutive rise in the Dow-Jones Industrial Stock Average, which touched a new high since March 21. Railroad shares “had their first rise in five sessions .and utilities their second in as many. Some lines of business reporting today showed gains, including retail trade which made the usual seasonal rise but was below the Easter volume of 1937. Construction awards and automobile output were

higher. Business News Ignored

Car loadings made a small decline and some sections reported another confraction in steel operations, indicating a decline in the national rate next week. Traders ignored business news, however, and concentrated on inflation psychology loosed by the Administration. Release of gold from sterilization and reduction in reserve requirements were seen as highly inflationary measures.

Decrease in required reserves of |;

"Federal Reserve member banks releases vasi sums which can be spent in the market for Government * bonds. That market reflected this potential buying. Metal issues were bid up. So were building shares. Aviations strengthened.. Gains in the main list were spread over a broad market. In some instances inactive stocks were up more than 5 points. Farm issues developed a thin market and shot ahead. Oils, rubbers and other commodity stocks were strong. Demand was sustained and the market closed at or near the best levels of the session.

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

TOAAY cecorrrvcssrsssassines 121. 44.18 | B&O ref 6s C Thursday ... +1.97 a ref 5s D206G0 ..... Week ago ... +5.95 | 3 Month 20 «v.cccoeveveee....120.43 42.02 |] Year ago .......... SPRUE 180.51 —0.2% High, 1938, 134. 35; low, 98.95. - High, 1937, 194.40; low, 113.64. 20 RAILROADS i A I TT 22,00 0.61 Thursday ....cecoceee sesnsss. 21.39 —0.22 wp Week ag0 ...iuiceiicniiien.ee 2255 41.01 YT Month 380 ..cerciirecnsornes 23.68 —0.03 Year ago ......... Siri 60.02 —0.24 é

High; 1938, 32.33; low, 19.00. High, 193%, 64.16; low, 28.91. 20 UTILITIES . TodaY +..oe’ ets svravensnries 18.33 10.48 Thursday cccc.cecoceeasssssss 19.85 40.21 Week 280 ...oecocsonsccrescs. 18.44 40.93 Month a0 .ciccvverecneesse. 17.96 10.28 YAP AZO --c..c ivr iseirnore. 31.13 —0.08 High, 1938, 21.36 Bw, 15.14. High, 1937, 37.54; low, 19.65. %0 STOCKS MOAAY .evsssesoersscrssscrens 37.62 +1.21 Thursday «.ccocoiveeccscssses. 36.41 0.42 Week 880 ...ccceseesscss.es. 36.64 41.80 Month 280 «..ccvccccccasasss 37.88 40.51 Year AZO .cecececressaniansne 64,98 —0.15 High, 1938, 44.42; low, 31.10. . High, 1937, 69.6%; low, 38.87. ® » 8

Week's Business At a Glance

! GENERAL BUSINESS

American Bureau of Metal Statistics reports February world production of silver (excluding Mexico)

14,416,000 fine ounces vs; 14,941,000 |

previous month and 15,570,000 two months ago.

ATURDAY, APRIL 16, 1038

INFLATION TREND ADVANCES STOCKS DESPITE BUSINES

v bk fk rd fd fed et fe bd fd fork fh ed eh ed ed fd fod pd ped >

3s* July 1955- -45

N. Y. Bonds

By United Press BOND PRICE INDEXES

By United Press

QL NL Inds. Today .ccoc... 780 Thursday ..... 77.4 Week ago ..... 2 Month ago .... 80.k Year ago ...... 92.2 Two years ago. 91.4 1938 high -..... 83.0 1938 low ...... 4.9 1937 high ..... 95.0 1937 low ...... 80.1 1936 high ..... 9.8 1936 low ...... - 90.0

(Copyright, 1938, oY ay Statistics Co.)

Transactions approximated $4,710,000 against $4,528,000 a week ago.

11 MOST ACTIVE BONDS

Close Change Ago Beth Steel 3'4s.... 863% Atch TSFe 4s 95...10034 Int T&T 5s 55..... 53% Postal T&C 5s 53... 131 + Am T&T 3's 61..101%% Cons Edis 3's 46..100% Pac G&El 33%s 61. Stand O NJ 3s 61.1013% Ohio Edis 4s 65....101 Mo Pac 4s 75...... 512 StL S Fr 4%as ct 78 "1%

U. S. GOVERNMENT BONDS Treasury Bonds

Federal Farm Mortgage Bonds

Home Owners Loan Bonds

3s 1947-42 ......... 104.28 104.28 3s 1949-44 ......... 104.12 104. 23s 1949-39 ......... 102.24 102. 21s 1944-42 ......... 102.6

3s 1952-44 ......... 104.2 Federal Land Bank Bonds

Am&ForP nL 2030 ..... 7

ATT deb 5's 43 ...... AnacondaC 42s 50 ....1037 Arm Co Del 4s 55 ..... 92

AtlCoastL 4!2s 6 \tlCoast. oh 4s 52

Association American Railroads NY

reports week ended April 9 carload-

ings 521978 vs. 523,489 previous MEd 1

week and 711,079 year ago. Dun & Bradstreet report retail trade this week 5 to 15 per cent over last week and 2 to 5 per cent above year ago; wholesale trade 10 to 2% per cent below year ago. Federal Reserve reports gold stock . this week $12,825,000,000, record high, up $22,000,000; excess reserves, $1, 730,000,000, highest since February,

1937, up $150,000,000; brokers loans | Rem

off $63,000,000 to lowest in five years at $440,000,000; circulation off $14,-

000,000; ratio 80.4 per cent vs. 80.4 She

previous week and 80.4 year ago. Ward’s Automotive reports estimates auto output this week 62,021 units vs. 60,975 last week and 127,755 year ago.

€ORPORATION NEWS

Alpha Portland Cement Co. 12 months ended March 31 net profit $138,550 equal to 21 cents a share vs. $1,020,993 or $1. 58 year ago. American Chicle Co. March quarter net profit $800,413 equal to 1.83 a share vs. $785,861 or $1.79 year age American Telephone & Telegraph Co. and subsidiaries quarter ended Feb. 28 net income $36,242,620 equal to $1.94 a share vs. $53,597, 104 or 87 year ago. i ey sivan Oil Co. Ltd, 1937 net income $3,411,851 equal to $1.30 a common share vs. $3,706,990 or $1.41 in 1936. Bayuk Cigars, Inc, March quarter net income $152, 631 equal to 31 cents a common share vs. $152,866 or 30.-cents year ago. Canadian Marconi Co., Ltd., 1937 net profit $228,377 equal to 5 cents & share Vs. $154,316 or 3 cents in

1936. lidated Laudries Corp. 12 weeks ended March 26 net profit $1,665 equal to 48 cents a share on $7.50 preferred vs. $49,049 or 11 cents a common share year ago. Continental Baking Corp. 13

+ weeks ended March 26 net profit|

jae equal to $2.24 a share on 8 per cent preferred vs. $464,875 or 16 year ago. iy Electric Co. first quarter A bockinge. 365,576,400 vs. $105,747,030

WMary 5128 17 . ...... 5 West Union 5s 60 .....

FOREIGN BONDS Argent 415s T1.........

Australia 5s 55 .. Brazil 62s 26- 27° . Chile 6s 60 Cuba 5%s 45 .. French 7s 49 .....

Eggs—Market, firm;

cases; fresh graded firsts, oem than cars, 17%c; extra SS cars, less than cars, 17%ec; dirties, rent receipts, 16c; check ‘packed firsts, 19%c: storage packed extras,

receipts, 817, 183

19%c

Blitter—Market, weak: Bross 1bs.; extra ‘firsts ise soore) @25%c; extras (92 score). ral LEAT Secon v ¢c; stan 789 5 SCO! re) ), 24c; central

Vac. Potatoes—Supnlies.- moderate;

Burbanks, $1.30; Minnesota Eh $1.10; Minnesota Coe Round Whites. $1.

sin mereials [email protected]%

Stock—Supplies, umphs (per Dushe : crates). 3 1 Ba1s ents

Texas Bliss Triumphs,

Arrivals, 108: a trac 795

FOOD PRICES

CHICAGO. April 18 (TU. P.).—. Michigan MecIntosh, $1. Bal 50. Sweet Pom

tatoes—Tennessee, bus! sl. Carrot se Tllinois,

Flo 83.1

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+ i 1013 98% — 3 104% 103% 10412

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CHICAGO PRODUCE

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1 Spihach— Texas. bushel 13. Cal LR crates, $1. Yer, se crates. $1 init Toad.3s. Onion Siar )—O Danve

INDIANAPOLIS 1

PAGE IT

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Jutier Bros oh 19 utte Co

hamp Paper. aor Cab oe

Pn " RI& c Tot 1%

th Edison 241% th & La

Davega cu pf . Deere & Co ..

cases

Du Pont of .

East x,

El Pw & LS $6 pf 25 El Pw & L $7pf 29%

Poste

Gair

Gabriel A b

Ro Gair Robt pf ar Wood Ind.

n Am Tr .... 38% ronz .Gen Cable . Gen Cable A ... Gen Cable pf... Gen Electric ... n ods .... 34 ‘Gen A A Gen . Gen J eh i gaa Motors

Fd) ay Net High Low - Close Change 3

bbott Lab 41 dams Exp .... 9% Addressograph . 20% Adv ley ... 2 Air Reduc ..... 47% Air Wa, 1: Alaska Jun 10% Allegh Cor 1% Al Cp pf $30 w. 8% A cs pf $30 xw 8 Alleg! oe 17% Allen Indust . Va Allied Chem ...149% Allied Mills .... 11% llied Stores ... 7 is Chal ..... 44% Amal Leath 2% Amerada ...... Yo Am Bank Note. 13% Am Br HE Am Can ....... 89% Am Car & Fdy. 20 Am Car&F or. 35% Am Chain&C .. 13% Am Chicle ..... Am Colortype 6Ya Am 1% Am ors sug’ 11% Am Enc 3% Am & F Pwr 31 Am & F P $7 pf 182 Am & 2 pf. 8% Am Hide & 3 Hom ePr 36% Am Ice pf ..... 5% .Am Inter ...... 67% Am Loco ...... 18% Am Loco pf 5 Am Mach & Fdy 13% Am Mach&Met. 3% Am Metal ..... Ve Am Pwr&Lt 41 Am P&L 6 pf 35% &

Roll Mill pf 68 afe Razor. 17%

Am 3 Am Woolen pf. 3314 A ne ...... 6% Am Zinc pr pf. 32 Anaconda ..... 31% Andes Cop . 13% Arch Dan M. . 26 Armr Del no .. 90 Armour a 5% Armour Ill pr’ pt 41 Armstrong ok” . 31% Arnold Const .. 7% Asso Dry Gds.. 6% Atchison’ ...... 26% Atchison pf ... 44% Atl © Line .... 173% Atl G & . Atl Refining 21% Atlas Corp Ta Atlas Corp pf . 387 A dr... 40 Atlas Tack .... 5% Aviation Corp . 3%

3ald Loco ct .. 8%

3alt hi 6% alt & O of... Th 3arber Co 1% arker Bros arnsdall ...... 41 ayuk Cig ..... 12, eld Hem ...... 6Y2 endix Ava ... 121% en Ind Loan. 17% est & Co .... 34% 3eth Steel 52 3eth Steel pf 90

3lack Decker 14% aw-Knox .... 13% Boemne Air .... 28% Al & Br. 22% nd Th Shiteawe 17 org-Warner 243% Boston 2Y, ower R 18 Bdgept Brass 8Y2 riggs Mfg ....: 01% klyn-M Ya Bklyn-M T pf . 23% Bklyn U 13% 3runs-Balke 3ucyrus-Erie 87% 3udd Mfg ..... 5s udd Wheel ... 4% lard -....... 17% 3ulova W . 23 urlington Ms Burroughs ..... 51 ush Term . 21 3utler Bros TY

Z 3%

s A an Byron Jackson. 17%

Cal Packing 02 Callahan Zinc . 134 Calumet & H . 8% Camp 12% Canad 3 15%, cific ... 63% Gannon Mills .. 31 Cal Adm A .. 6 Case J I ...... 80 Caterpillar T .. 456% Celanese ...... 1534 Cent Ee difre 232 Cent Foundry 3%

he ty I & i) ty St 2% k Eq ...... 17% imax Moyl Co 42 uett P 121% Coca-Cola 122 Colgate P P . 9, & Ai 21 ol F & Iron .. 1¢ Col Brdest A 1734 Col Brdest B .. 17 olu . 53 Col Pict vtec 12 Col Carbon 65% Com Credit ... 32:

7 1 Com - 33% ongcons Afr >. 11% ons gar .. Cons on ... 20% Cons ison ot 891} Cons Film Lia Cons Film 61 Cons im Sl: 37% ns. Oil ...... Sa on RR Cnba pf 4 Con Textile c Ya Container « 12% Cont B . 13% Cont B: 1% Cont Can ..... 4114 Cont Can nf...107% Cont-Dia 78 Cont Ins ...... 268, ont 14 Cont Oil Del .. 20 Cont Steel .... 12% Corn Prod .... 62 Coty ln ne ‘rane Co ..... Cream 2354 Crosley Rad 794 Crown Cor 02 Sun Ck cu 30 wn_Zsller 10Va Crucible St 29 Co. -.... EA Cub- “Am Sue ve 4 Curtis P . 5% Curt Pub. 55 cee 44 Curtiss-Wr .... 5 Curt-Wr A .... 18% Gubler Ham «19

..113

5 % .153 . 15%,

. 2%

Eng P S 4%, Eng P 8S 5.50 pf 47 Equit Bldg .. 2 x Cel esses 123 e . 27 Erie 2 pf ..... vs Eureka Vac ... 4 Evans Prod ... 8% Pair Morse . 26% ed Lt&' ~ 8% fed Wat S A... 1% ed ¢« 18 Md F 27 res 19% 1e pt A. 83 First N Strs oe 29 lintkote ..... 16%

orence Stove. 3 a AUL sheim

Pollansbee

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Chrysler ......

Mntgmry Ward 356% Kennecott Cop. 363% Int Nickel .... 498 Inspirtn Copper 13 Beth Steel ..... 52 Radio Cp Amer 6% Curtiss Wright. § Gen Elee ...... 363% Douglas Aircraft 43%

—_— S Stock sales approximated 1,060,009 5 Am G shares, against 1,410,000 shares in|so cal the short session a week ago when | ou: eas stocks surged ap on Senate passage | South R: of the Tax Bill. Curb stock sales |gnc were 136,000 shares against 187,000 a week ago.

Low 2914 253% 33% 41% 2% 4614 33%

35% 413%

31 2612 34% 485

3614 4314

NEW YORK STOCKS

High Anaconda Cop.. 31's Un Aircraft Cp. 26% Gen Motors ... 35 U S Steel new.. 49 U 8 Rubber ... 5

Close Change |

Net High Low Close Change

Richfield oil ... 6% 8% esses 1972 19 ——

+ 21% + ig ciee.. 18Y2 15% + 13% ss 3BY2.. 33 + 23 e Arms. oo 12% 12% Dist . 20 20Y2 + 13% Dist pf 76 6Y2 + 214 | Seabd Oil ...... A Toe gee i i 13% +4 215| Sharon 8S H ... 14 14% + 1% Saalp &D .... 4 4 Shattuck ........ 8 1% + 1% Oil .. 14% 14% + 315 Un pf ... 99 99%, Silver King ... 1 + 3% : 18% 17% +4 3g| Simms Pet .... 28" 234% + 18) Smith A : 16% + 2 |Smith Cor Tects 12 12 V. 42 14% d 2s 2Ys Por R Sug .. 21 20 BEd .... 21% 21% .. 123% 11% Cie 1 . 4 . 2% 27%

Gen Out A .... Gen Ry Sig ... 1

Sobel, Ad “adolf .

G Rn Pp Goodyes

Gotham

Hat Corp ..... Hayes Bdy ..... Hecker Prod vos He Pdr

fo ander & Son

Hupp Moto

Kaufmn D 8S . Kelsey Hayes ‘A

Keystone Stl .. Kresge D S ..

[ee Rub ..... 13 [eh P Cem .. 18

M Macy H dan El mod’ gtd

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M M Martin Pa arry ve M

Maytag t ww . 19 olatl: Gor 11 Megrory » Sr 66

ory nore Porc . McKeesport _... M’Kesson & Rob VI'Kess&Rob pf 34

ea OTP eo. ore Sh .... esta Mach ... 37

222

otor Whi .... 1 ueller Br

urphy G

at Me. «avis Nat' Aviation .. 8

Nat Gypsum ..

Ohio Oil ....... Eq

30 Gen Pr Ink .. 3h Gen Riy&U ... 1% Gen R&U ¥ Gen Refract ... 22% Gen Thtre Eq.. 12

Gen T&R Gillette SR... Gimbel Bros ... 7% Glidden cause + 20%

2 ew .. 3% Goo: rich rivewe 35% 47

Good yr of... 79 Lo ve RY Graham Paige... 1%

As Green HL .... 16% Greyhound Cp.. 10% Greyhound pf.. ‘8% an Harb Walk .... 21% 5%

6% «oo 47% Ho land Furn .. 26% 1%

Hudson B Min. 21Y4 26?

i Hl

11 Central .... 8% Indian Ref 62 yo . 19% perso) Rand. 7 In StI... 67% nspiratn Cop. | I erchem . . 19 ntercon Rub . 3p nter jake os eu 20% nt A vf... 20 n Business M.145 [nt Harvester . 65% [n yd El A %% nt M Marine.. 27%. n ining .... 10 nt Nickel ..... 49% nt P&P ..... Ve nt P&P pf .. 20% nt Salt ....... 24 nt Shoe ...... 2 nt Silver ..... % nt & T 1% nt T & T For. 8 ntst D 8 ..... 9

Johns Man .... 70% fl Kala Stove esos 15%2 K C So 8!

KC Sou pf... 17 18% Kel Hayes B.. a%

4 Kroger G&B .. 15%

Lambert ...... 11%

Ludlum Stl ... 17% We ck ar varewe ND a 31%

23 aracaibo fo . 1%

artin Gl .e 2394

3 asonite Corp . 32% 2% PD 8 ...... 37% 4%,

McLellan St .. 6% Mead C 12

42 veivenee 4% Cop .... 9% A

dlang tl eee 21 Minn Hny .... 6 Minn-Moline .. 6 V ni-M of os i Mission Corp .. la Mo-K Tex Mo-K Tex: of..

Eel in hawk see to 2

ont Ward ... 35% otor Prod ... 153

LEE 1854 ullins Mfg B. 51 UrTRAY cose 5

Nash-Kelv .... 9%

Nat lead ..... 23 Nat Pwr & Lt. 6% Nat Steel ...... 53

Nat =n Penn.. 19%

Nat Sens J Newpor Ind .. 147 N Y Air Brk coo 28% N Y Centra 13% YC i 22 N.Y Inv ...... % H . 1% NH & H pf 4 Y ship ..... 3% ¥ Atle risen . 173

m Avo ... 8% No Pasific vesee 8%

Radio .......e. Radio 2 N os. Radio-K-Or 3 Rayonie . :

Low

1912 5% 2

6% 44%

26%

69% 15 8

167% 14

1 415 8%

4 15%, 11% 13 17%

4%,

ox pen oti Otis Elev . Otis Steel Owens III Glass Pac Am Fish Pac Finance 11 Pac G& 2! Pacific Ltg .... 36 35% Pacific Mills ... 133s 123 Pac West Oil... 12% 12% Packard .. .... 4 4% Paraffine Co .. 37 Paramt Pict . 8 Para Pict 1 pf. 81%2 81% Para ie 2 pf 10% 8% Par] tah 2% Parker Rust Prt 13 2 18 Pathe 4% Patino 10 Peerless .. . 5% en & Ford 47% oY occas 63 Penn D Cem... 4% enn D C pf A. 20 denn ou Sand. 12 12 Penn RR ..... «17 16% iL Gas ... 27% 27 Pet Corp Am ..' 103% 10% >feiffer Brew . 6% 61a Phelps Dodg ... 25'%2 24 Phila Co 6 pt. . 33 33 Phil ps. Pet .. . 89% 89% dhillips Pet ... 37 35% dflerce O pf .... 8% 8% pC eres 2S 22 2 ¥8 . 1% % Pitts Stl ...... 10% 10% PD s Ouited ves, 188 1% mann Of 19% 1770 y . ) divs 81, 8% t Ric Am B 1 Postal Tel pf... 3 3. ess Stl Car 7% Press Stl 2 pf.. 23% 23 Proctor & . 47% Public Serv 30% 29% Bub ‘Serv 5 pf.. 88 88 Pure Oil ...... 11 1% Pu Tity Bak .... 8% Re 6% 48 J :

FH ERR HEE HERRRRE HRE EE

- So

Net Close Change 30 snes 8% 4+ 192 4 1 1% + % 17 +1 2% + 1% 12 + % 1272 41 OY + Ya 1% + % 20% + 2 3% — Y% 15% +1 47 + 4 21 + 1% 9 + 112 3% + Ys 1% + 4% + YW 1a .... 13% + 22 + 21% + Ya 16's + 3% 12 + lg 29 + 2% te 15] 8 8%2 cic 21% + 2% 3» + % 8'%2 .... 47% 4 3V% 28a + % 8 + 1 16 oss 55% — 11 0% 1% 4 71 49 + 3% 1% + Ya 3512 + 2 4Yy +4 3 kd + 3 27% + 11% 81 er + 2 19%2 + "a 76 “+ 3Y 673% 4 2% 12% + 1% 19 +1 32 + Ya 2% + 4% 20 + 2 145 + 1 8 1 1% a a 2% + 1a 10 + 113 48% + 11a oa Tt 3? 24 + 1 32 + 3 16%. + 1% ER a 9 + % 0% + 8% 52 +1 8a 4 3 q + 13 We + a 4% + YU 9 + 3 4 + B 15a — 11% + 3% 13 + Y 18 + 15 4% + % 26% + 1% 9 + 3% 23% + 11 5 +h 7 31 + 2% Moa 3, a 92 + 7% 2913 + 1 16% + % 13h + 2% 8 see. 392 J 1% 3% + 15% + % 18% + 14Y, — 1; 32 + 1% 17% +1 213s + 13% 2% + 5} 1% + % 5% .... 2212 + 12 81a +4 15 21% F 14 fs Yi a tl Bin 8 Bi Iu a iA + 3% 17% 4 11, 7 + Ys 4 + 1, 6% <4 Ys 12 + 134 a, +4 37° + 4 9% + % i% 1 a a 652 4 3 6a + Ys 44% 11, 14Y, LY 2% + Yi 6% + 1 14% + 1 3% + 34 351 + 2% 152 4 1 10% ¥ % 16 +1 5 3 ds 3's 6 + 9 + 4% 11 +1 81% + VY 0% I 2 15% + VY s + dy 1g 937 Li} 82 + % 53 + 1%, 19% +41 3 + 1 14 oe 1% 28% + 2% 13, 4 3% 22 + 4 1% 4

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INVESTING CO.’S

(By Inv. Bkrs. Conf., Inc.)

Asx 10. 9.50

Ins Grp 3 3 Invest Bank Cor, 0 i Bncm Bl 7

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cate the ta uying and celiing iautries or recent Transactions.

BONDS

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ernment expenses and current fiscal year Shirqugh April 14, com-

Net def... 1,018,006, Big 23 1, Cash Bal. . 2/936 927.117. = 1868058 38 Work. Bal. 2,364.947,330.54 23. Pub, Debt 37,562,650,809.16 34,832,805, 303. 28

“sssesee Serves

LATE SELLING EASES WHEAT FRACTIONALLY

Crop Uncerlainty Continues;

Corn, Oats Follow * Trend.

CHICAGO, April 16 (U, P).—

Wheat prices moved in an extremely narrow range in today’s half-ses-sion on the Chicago Board of Trade.

At the close wheat was 2 to 5% cent lower in a late selling move-

ment, May 84% cents; corn was %

and oats %4 to % cent higher, May to 3% cent lower, May 60% cents 293s cents. A holiday in Liverpool and Buenos Aires tended to hold down activity in the local pit where prices opened higher but eased almost im-

mediately on reports of good rains

last night in Nebraska. The uncertainty over the Texas and Oklahoma wheat crop condition was heightened toddy by con-

‘| flicting reports on the damage done by last week’s blizzards.

Crop Reports Unfavorable From Houston, Tex., a report said wheat “suffered some setback,” and

from Dallas came a report placing damage around 20,000,000 bushels, almost half the crop. H. C. Donccan, Chicago crop expert who has been touring the deep Southwest, has consistently reported that damage has been far less than first re3 | ported after the blizzards struck.

Corn prices were slightly higher

despite local receipts of 781 cars for Friday and Saturday. Export in-

terests looked for a rising demand

and some of today’s mid-session buying was based on this.

eat demand abroad was. ex-

pected to be negligible until afier

Liverpool reopens next Tuesday after the Easter holidays.

CHICAGO GRAIN ANGE Wheat— es Low Close He

Al 8 ha sr $C bau $B N3Y noms, gi * 8 1% 81% .82%

Sept. ceceenes .837% 82% 82% 827% Corn—

May: ec...... .60% .60%a .60% .60%

BY varies, gmee lG3T0 ‘62 Sept. ...eiel 63% [63% [62% 62%

29% .29%b 27% 27% 273 27% 27%b 27%

60% .61b .60% 59% .60 .59% 57% 58a .58 cies 93%b 93%

TL 92%b 91% eslvs .88Yab .88

aria : 42 843s 81 % 4 ae 885 8.82 Sept. . 85 a , %® Ask: b bid. CASH

HICAGO, April 16 (U. P.).—Wheat—

Nos 5 hard, 77c: sample pard, 15.

—No. 2 mixed. 60%c; 3 mixed, GO a: No. 4 mixed, Soia@s 6 oc: No. yellow, 60%; @613%¢; 3 yellow, 57% @ ¢; No. 4 yellow. 55@57% ¢c: No. 2 white,

. xed, 32c: No. 1 white, 33034 kc: No.. 2 white, 33@34c; No. 3 white a

Ry 9. 67%c. Barley—Feed, 2a

he malting. 68@86c. . Soybeans—No.

yellow, _903%c Timothyseed — $2.50

@3. Clover—Red, $32@81; | sweet. [email protected]. Cash Provisions—Lar 2

4 nominal; loose. $7.92; leaf, $7. oi nominal; bellies; $10.50 nomi inal.

LOCAL L GRAIN

CASH Wheat—Market easy. receipts three gare

N M red, 79@80c: No rel Be: No. % hard, 79@80c: No. 2 hard, 78@ 78

rn—Market easy: Jeceinis, 83 carloads dana N

21, @45¢c: No. 3 mi 481% eliow. led is@41%c: No. 5

Oats— ade ‘strong. receipts, 38 car-

loads. No. 2 white, 29@30c: No 3 white 28@2

WAGON WHEAT

rain elevators are. paying for No. Clty se: other grades on their merits.

Tah corn, new No. 2 yellow, 45c. Oats, 26¢.

Curb Stocks

By United Press Lo Cl hee High w ose Chan Ala Pow 6 pt. 50 50 + 3 Alum Ltd

91 w= Alum Co Am .. 71 75 6% + 3%

Am Airlines .. 10% 9% 10% + 2 Am Cyan B .. 217% 213% 21% -+

Am 3racaibo % % + Ys Am Super ..... 11-16 11-16 11-16 —1-16 Austin Silver .. Ya Ya Yo 4+ Ya Austin Silver .. Va" 1 1a

Ark N Gas A 3% 3% 3% ¥'% ve 150 1% 1% seve Brown Co pf .. 21% 21% 278 + 2% Can Marconi .. 1%’ 1% ne ales

Carrier Corp .... 24 22 2+ Qenurit Zipe “ 3% 37% 3% + Ys Ci Lo 1Y, 1¥s 1Va + 1Ya Cities sv “pLapt 51 1 51 + Ya Sade Ys 3% 3% + Ys ga es Mns.. 5% 5 5Ys + Con St . Vs 2% 2% + % Crampe 5 Sons 21% 21% 217% + Y% Cust Texic -16 | 1-16 1-16 —1-16 Det. Gry Ir Fdy 1% 1% 1% Vs Eagle Picher L. 103% 10% 105% + 7 fede 3% 11-16 Ja 1-16

rd Can A ... 167 + 18% 18% — 1 Gt fe bis jo 26% 26% — 7 + 7% 3 Humble ofi*.:.; 811 oo” om LT 32 Iron Fireman .. 14 14 14 + 1 Jone. & Lau Stl 32 31 32 + 3 Lion Ofl «..vhs 2% 23% 23% + %% Re ee. or on 3 + 5h S redge. 3 Mesabi Iron ge: 3 012 * % Molybdenum .. 43 + 3 Mont Ward A ..128% 128% + 214 Nat Sug Ref [Vigil 1m 13 Xa N In PS6pf .... 50% 50% 5078 4% Pan Am Air ... 15 14% 15° + i Pantepec i yo 3 Ria 5 . £ 1a. . 815d 7p ot 28% 5B 2g

weiss ait 2% 3%

SE SEs Sse eas

L 2% Wright Harg .. 73% 1% 7%

U. S. STATEMENT

WASHINGTON. April 16 (U. P.).—Govreceipts for the

pared with a | eal on: Abt Yea ExDenses - 88, ois: 350. a. £2 35. oe 6317, 817. 10

eipts 939. 195.425 Gross. det. bs 075,550 33 1, 3 oar: et 19338 76

Id Res. 12,825,705. dae. 3 11.696,583.0

Customs .. 301,4 12.7 62.86 T. Todsy's 8 Gol ac Cet 8 313,324, 038. 5

OF) arian eivere.k..$1,891,907,809.30

INDIANAPOLIS CLEARING HOUSE Cleatings even es sansa irene :82.845.000

Debits ....... rari Week cleari Srsessnusysrsvess=10,123:000 Week Debits... ..s.. 4 ..:: 38,605.00

Porkers Close ‘Week Steady; Cattle Gain

small hog marketings at general-

Bureau of Agricultural Economics. Top Jeld at $8.80 for mostly 210-220-pound butchers. Packing sows were scarce, a few moving from $7.40 to $7.75, with good lightweight butcher types quotable above.

Compared with the close last week’s all weights of hogs ended on a steady basis after declines early in the week were later erased under curtailed supplies. Packing sows closed steady to strong over sales late last week. Most of the good and choice barrows and gilts sold this ' morning on the following schedule, strictly . choice, uniform lots quotable slightly above: All classes of fat cattle moved up again this week, led by substantial gains in slaughter heifers and cows. Steers and yearlings show strong to 25 cents over a week ago, with most upturn on plain and medium grades, heavier waterfills due to the warmer weather, figuring in the gain. Two loads of choice 1017-pound long yearlings made $10 for the top steer price, with the bulk largely $8 to $9. Choice heifers were scarce but salable to $9, most heifers being shortfed ‘and medium to good descriptions selling around $7.50 to $8.50. Strictly good beef cows with weight enough for Kosher account made $7 and $7.25 with other beef cows mostly $5.75 to $6.75. Cows in only cutter and low cutter flesh ranged from $2 to $5.75, little below $4.50 except very inferior sorts. With stocker and feeder prices running close to fat cattle rates, most of the country demand has dropped to plain and medium grades of thin cattle costing $7 to $8.25. Vealers lost $1 last Monday and another 50 cents Friday to close the week $1.50 under the finish of last week. The late top rested at $10.50. There was no trade in fat lambs today. Compared with the close of last week, the fat lamb market is off 25 to 50 cents with maximum losses on wooled offerings. The best wooled lambs of the week cashed at $8.50 with the better grades bulking at $8 to $8.50. Top shorn lambs were taken at $8.15 late in the week. The season’s first scattered arrivals of spring lambs went mostly at $11 down, a few genuine specialties higher.

Chi icago Stocks

By United Press

High Low Close Abbott Lab ....... 4 4 Adams Oil & Gas ..... 6 Ye i Alied Products .... . 8! 12 12 Armour & Co . Ya Va Aro Equip Sod Va Va Asbestos Mig Ys Ys Asso Invstmnt «..ceco. 31 3 Autom Washer .. iat & Transp .. Sa % arlow & Sig A Ya Ya 3astian-Bless 10% 10% 3elden Mig Ya Va endix Aviat 12Va 12% erghoff Brew . la Ya Bliss & Lau 16% 17% rg Warner 23% 24 Bruce E L 34 § Burd Piston R Va 3s Butler Bros ... Va Ta Cent Cold Stor . 10% 1034 Cent Sta P&L pf 23; 2% Cent & Ut Y% 3a Cent & Ut 27% 273% Cent & SW Ut pl pf.. 9: 2 Spain beac 1 % By g Or: vic-nve 2s Chgo Flex Shaft qe 5" Cities Service 1% 1% Comwlth Edison 4 24 Consum pf ...... 4% 41, Cunninghm Drug. 12% 121; Dayton Rubber .. Ye (E Dixie Vortex .. 1412 14% Elec Househ » 53g 5

Gen Hshld Ut ieeee.rs 172 13 y Goldblatt Bros +eeesess 16% wi az

. ee 22% arshall Field «..ccce. 8% 812 81 Merch & Mfg A cceeese 412 4, 4, ickel Food ...cccosee 15 215 1 Mid West Corp .c..ee. a 515 3 Mil f :

Na mn 51 ig Na 18 1 Noblitt Sparks cccceces Ie 12 16 1612 No'west Bancp c.ee... 6% ! N III Finance ........ 1 12 12

Peabody Coal B........ 2 Va 7] Perfect Circle .. 4 ; Potter Co ...... ears-Roebuck

Serrick Corp B . 3 tan Dredgi . 24 2% BE Saal gt gf W. n seegesssase Trane C rt cesses ssee « 19% 194 1% n cv sess 8 Wahl Co p 1% 1% Walgreen Co . 17% 114 Zenith Radio .. 3% 13

Shippers took most of today’s |-

ly steady prices; according to the |

Yearlings Excluded (all weights) Good (beef)

LL Steady; -220 1bs.. [email protected]: 220-240 lbs. sh.30 .45: Ha 5oe 1bs., $8.25-8.35; 160-200 1bs.

Local ‘Livestock

HOGS ; AED orders A 30 LOO Eon Tie e sesses ssssnseseesce 8.98 352 Th oeeee seecsssaes 9.08 3810 Tn Sa ato is. 3: 8.65 5197 13, esos 8.70 4503 Hooieennenins cesevine 2d 4325 16. Tees 8.80 1000 Barrows and Gilts— (Hah goed tnd choles + 1008 48 - a ste A . 0-200) d and choice.. 8.50@ 8.75 300-230 Good and choice.. 8.45@ 8.30 -250 and choice.. 8.05@ 8.80 4250-200) and choice.. 8.15@ 8.65 Pa 0-350) and’ choice... 8.00@ 8.45 i ) 8.00@ 8.15 = 18a 8.1% & 7115 8.00 3 oi . ima 23 7.00@ 3.00 CATTLE i —Receipts, 25— r (750 900) Choice .. 8.75@ 9.78 (900-1100) Choice 9.10@10. (1100-1300) Choice [email protected] (1300-1500) Choice [email protected] (750-900 GOO se.coeesesees 8.00@ 9.00 (900-1100) GOOA cc..cov0ec..e 8.000 9.25 (1100-1300) GOOA cccsreceesesee 8.25@ 9.25 (1300-1500) GOOd -..cocvcceeee 8.50@ 9.25 (750-1100) Medium ...ecoceee he 8.50 (1100-1300) Medium ....... 8.00 350 (750-1100) Common * (plain) .. « 6.75@ 7.75 Steers and Heifers— (550-750) Good .........cce. 8.00@ 8.78 : Heifers (750-900) GOOd ......cc00.00 8.000 8.78 (550-900) Medium .....ce0s. 7.25@ 8.00 (550-900) Common sesesccece 6.50@ 7.25 All Weights— Cowy : Go Hi cessesinee cevessessenes 6.50@ 17.00 MeAitUM +eoevverseessesseees 6.00@ 6.50 common ...., 1 ...l. ie 5.75@ 6.00 j Low cutter and cutter ...... 4.25@ 5.78 4

Bulls i

Bf) «sonia i 50 7.28 4 {all weights) Medium ...... 6.35@ 7.00 Cutter and common ........ 5.50@ 6.25 i Veslery. . } (All weights) Choice ......... [email protected] (All weights) Medium se.cceoe 1306 558 (All weights) Gopd ........... 7.50@ 9.50 Cull and medium . .......... 5.00@ 7.50 Calves —Receipts, 25— ' (250-400) Choice e.......... 7.50@ 8.50 G0o0d .e.eeicee..e. 6.25@ 6.75 Medium .ereeesees 5.75@ 6.25 Common ........ 5.25@ 6.75 Feeder and Stocker Cattle teers— ( 8.50 8.50 8.00 . Go 8.00 (500-1050) M : 7.50 Common ........e 6.00@ 8.75 Heifers— (550-750) Sood and choice... 6.75@ 7.75 Common, medium. 6.00@ 6.76 SHEEP AND LAMBS

—Receipts, 25— pt

Lambs— {

ChoiCO® sissessecacasiscesses 8.25 000 .ccoseccsscecesscsessse 1.756 ediUMm cevsvccetosssccesses 25 00

Good and choice oe

8 1 5 Common sessvesesssssasssss 6. 3 Common and modiim eossee 3

HICAGO, Apri 18 (U. P.).—Hogs—Ree

BS 3000, nel nding 2800 directs; ns % steady at $8.85 top; fe

w 190-230 Ibs., $8.60 Tastie—Recelibts, 100; calves, none; mare

ket, steady; light steers and heifer years lings Strong to 25c oS ow 25@40c ups c d

vealers, top steers,

$10. 35: b; yearlings: $9. 85; s: light héifers. $9.10,

market, steady;

fat J 25@40c S060: sheep, steady: week’s top wooled lambs, $8.85; .scattered native Shing la lambs, $8.65@10; slaughter ewes, $5.25

YNE, April 186 (U. P.).—Hogs—

FT. Mireety Steady: aa RL $8.60; 200 1bs., $8.50;

20$8, oo: 202 1bs., $8.50: 240- 260. Ibs. $540; 60-280 1bS.

$8.30; 280-300 lbs. $8.20: 300 325 1bs.s : 8.10; 325-350 lbs., $8: 140-160 1bs., $8.25% 100-140 1bs

Roughs, “$1. 25; stags. $5.75; calves, $103

lambs, $8.

FAYETTE, April 16 (U. P.).—Hog [email protected];, 240- 375 Ibs. 308.50; pigs, $8.25 down: roughs. $7.18 Oy ves. $9.50@10; lambs, [email protected].

FOREIGN EXCHANGE

NEW YORK, April 16 (U. P.) —Following

are closing cable rates on major cure

rencies: Cable Net : Rates Change England (pound)... 5.00 13-16 --.01 5-16 Canada (do far) rs 99% -+.001 1-10 France { Foon .0316% -+.0000% Eng. 480-4, bil rte) 5.00 1-16 +-.01 5-16 Italy (lire) ....... 0526% ....... ose Belgium *e isa) ees 41692 -.0005 Germany (mark) .. .4035 -+.0011 Germ. (travl mark) .2425 - <-.0026 Switzerland (franc) .2311%2 4-.0006% Holland (guilder; .. .5581 --.0015 i weden rona) .. .2581% -+-.0006%3 i (krone) .. .2516 +.0006 Denmark (krone)... .2236 -+-.0006 Australia (pound) .. 4.00% ~+.01%a Czechslvk (koruna) .0348% . .... .. Ty Finland ME « 0222 =-.0002 Greece (draclima).. .0092 4.0001 Jugoslavia _ (dinar). .0235 = ...... cece New Zealand (lb. bes 4.03% -<-.01 Poland (zloty) .. J880 Lil. Ts Portugal (escudo).. .04547% ~+.0001% : Rumania (leu) .. 0075 rs liane i Argentina (of peso) .3338 «-.0013 - Argtna (unof peso) 2590 =-.0035 Brazil (milreis) 0590 ....i.iee Chile (peso) ..... oJO0800 7" ale veo Peru (sol) ..... ves +3450 +.0026 Uruguay (peso) 4300: oll, coo Hongkong (dollar). .3108 <+.0016 Shanghai (yuan)... .2750* +-.0020 India (rupee) ..... .3765 ‘4.0012 ! Japan on) sesses 22920 +.0014 }

LOCAL PRODUCE

Poultry—Heavy Jreed Jiens, 17¢;

horn hens, lac; vy broilers, 1V; 1% 1bs., 22c; \eghorn Doane. 1Y2-2%2 lbs. *18cs old roo sters s, 9c.

1 strictly fresh country ru

a Toor % ea ach full case must weigh 58 1bs., gross. A net deduct tion of 15 cents for each full case under 55 lbs., will be

Butter—No. 1, 27%@328%c: No. 2. 325 ase To G00 N02, 0

CROSSWORD PUZZLE

SAFE DEPOSIT BOXES

- % The * Indiana. National Bank et Indianapolis :

HORIZONTAL Answer to Previous Puszle beheaded 1 Man who: ; after his brought thei queen’s death i colonists to 17 Weapons. . £3 Virginia. 38 Noe 12 Lowest Point. Ving ehS 13 Rowing tool. pecim . As Pigmentary 3 pment. | spots on skin. shaped part : ap ne ae i 19 Tidy SERS 20 Mongrel. 20 Veteran. HIEJA|L | RETA AIRE [A] 31 Foote 21Ringlets. ~~ [AIRILIANMLINIANE BRIA] 35 0001 glass, 34 pasts, 42 To steal. VERTICAL gk, 26 Like. 44 Captivates. 1 Merchandise. } 43 Explosive 28 Street. 49 Writing tool. 2 Entrance. shell. 29 Bulk. _ 50 Quantity. 3 Cover. 45 Singing voice 80 Russian 52 Roofing 4 Transposed. 46 Blemish. village. material. SRed flower. 47 Auditory. 32 Mature $3 Distant. 6 Knocks, 48 Musical note human. 54 Verses. 7 God of war. 49 Portion. 33 Baby 56 8 Type standard 51 Beverage. carriages. r wheel. 9 Electrified $3 Because, 34 Wild duck. 59 Inteduced prude. 54 Right. 36 To permit. rei $0 55 South : 37 Preposition. England. + Mn a ‘Carolina, 39 Devoured. %0 He was famed12 He was an 57 Chaos. 140 Half an em for his — expert ——, 58 Affirmative 41 Parent. manners. 15 This —— was vote. S ) / i -