Indianapolis Times, Indianapolis, Marion County, 20 April 1938 — Page 17

DAY, APRIL 20, 1938

STOCKS CONTINUE SETTLING TREND FOR THIRD SESSION

Recent Gains Erased; Trade Moderately Active.

NEW YORK, April 20 (U. P)— Steck prices declined today for the third consecutive session and erased all greund gained since President Roosevelt's lending-spending message to Congress last Thursday. Trading was moderately active. : Non-ferrous metals appeared under most pressure. U. S. Steel and Bethlehem lost about 1} points each, while losses in coppers ranged to 2 points in American smelting. Motors also were depressed, Chrysler selling off 13. to 43% and General Motors losing almost a point. Du Pont fell to 9%, off 3%. West- . inghouse Electric also lost 3 points " and sueh issues as American Tobacco, Eastman Kodak, International Harvester, and U, S. Smelting were down about 3 to 4 points each. Allied Chemical lost 5% points to 13915. Utilities had losses extending to almost a point in Public Service of New Jersey. Rails steadied on moderate losses, Aircrafts and gold mining shares met mild support and hed around previous closing levels.

8 = »

Today's Business At a Glance

GENERAL BUSINESS

_ American Petroleum Institute reports: week ended April 16 crude oil output averaged 3,385,400 barrels daily, off 6950 from previous week: Gasoline stocks 92,011,000 barrels, off 278,000 from previous week. Edison Electric Institute reports week ended April 16 electric output 1,957,573,000 KWH, lowest for any full week since June 6, 1936, vs. 1,900447,000 previous week and 2,173,223,000 year ago.

CORPORATION NEWS

American Maize-Products Co. 1937 net loss $483,612 vs. net profit $635,632 or $2.12 a common share in 1936. Aviation Corp. 3 months ended Feb. 28 consolidated net profit $149,438 equal to 5 cents a share vs. net loss $43,347 year ago. Commercial Credit’ Co. March quarter net income $2,863.458 equal

to $1.48 a common share vs. $3,312,- 8.

008 or $1.72 year ago.

Commonwealth & Southern Corp. and subsidiaries 12 months ended March 31 net income $13,684,019

equal to 14 cents a common share |}

vs. 814,593,776 or 16 cents year ago; March quarter net income $3,106,498 equal to 2 cents a common share vs. $4,547,314 or 7 cents year ago. Commonwealth & Southern Corp. March electric output 640,643,854 kwh, off" 16.2 per cent from year apn March quarter output 1,859,.-

045,180 kwh, off 13 per cent from

year ago; year ended March 31 output 8,238, 872,802 kwh, up 12 per cent from year ago.

Corn Products Refining Co. and subsidiary sales companies March quarter net profit $2,922,793 equal to 98 cents a common share vs. $2,205,500 or 70 cents year ago. Engineers Public Service Co. week ended April 16, 47,350,000 kwh; up 1.2 per cent from year ago. National Biscuit Co. March quarter net profit $2,660,570 equal to 35 cents a common share vs. $2,538,757 or 33 cents year ago.

Public Service Corp. of New Jersey 12 months ended March 31 consolidated net income $23,497,054 equal to $248 a common share vs. $24,938,589 or $2.74 year ago; March consolidated net income $1,546,606 vs. $1,862,545 year ago. ‘ Twentieth Century-Fox Film ‘Corp. and subsidiaries 13 weeks ended March 26 net profit $1,641,537, equal to 73 cents a common share vs. $2,067,599, or $1 year ago. United States Gypsum Ce. March quarter Consolidated net profit $688,348, equal to 46 cents a common share vs. $1,411,622, or $1.06 year ago; 12 months ended March

31 net profit $4,697,606, equal to $3.48 | Ste

a comon share vs. $6,303,158 or $4.82 year ago. : RAILROAD REPORTS

Chesapeake & Ohio Railway Co. March quarter net income $2,505,805, equal to 30 cents a common share, vs. $8,277,429, or $1.08 year ago. Erie R. R. Co. March net aperating income $16,865 vs. $1,893,545 year ago; three months March 31 net operating gleficit $269,208 vs. net operating income $4,194,868 year ago. Union Pacific R. R. Co. March net operating income $669,001 vs. §1,832,116 year ago; three moths ended March 31 net operating income $2,082,422 vs. $3,394,506 year ago.

DIVIDENDS

Borden Co. interim 30 cenis on We

le June 1, record cents in previous

Juarter. Keith-Albee-Orpheum Corp. $1.75 out of capital surplus on 7 per cent cumulative preferred for quarter ended June 30, 1935, payable July 1, record June 15, vs, like payment

April 1. (Copyright, 1938, by United Press)

CHICAGO PRODUCE

arket, ea receipt 29.304 raded of es, ears | iso; i Jus nist e; ap

common, pay y 16, vs.

cases;

BEE J ro

rket. pe ia)

i ay hieken

oh . ’23@25%¢; bro ere es Se 13%@ 1340; daisies, 13% onghorne, ites i liberal: demand,

ended | Ewes—

pe 160-200

: Psi a ‘National Cit

Killer Demand Holds Local

Hogs ‘Steady|E

A good demand on local killer account held: hog values steady in the face of declines elsewhere, according to the Bureau of Agricultural Economics. Receipts were

fected at the relatively strong levels, with seme outstanding consignments making mostly 5 cents above the established schedule. The practical top of $8.70 on mostly 210-220-pound butchers was exceeded by a part load of strictly choiee, uniform 222-pound averages at $8.75. Packing sows sold steady to around-15 cents lower; the decline being spotted on rough heavyweight sows from $7.25 to $7.50. Other good mediumweight and light sows made $7.50 to $7.85, with an $8 top on a few butcher types. Most requirements were well filled

from a liberal cattle run, which | BeE"S

numbered over 3000 Tuesday, and today buyers showed little interest in approximately 18 loads of bect steers. At a late hour a few loads of plain cattle costing under $8 brought steady prices, but good and choice grades were mostly unsold, carrying 25 cents lower bids, which means 50 cents below the high time of the week on Monday, as mest steer prices were off 25 cents on Tuesday. All other classes held steady, hut cows sold es sactively, and the slower trade favored the buyer. A short car of cieice 1040-pound yearlings made $9.50 for best steers price, while two loads of good to choice 1083-pound averages made $9.25. Most sters, hewever, graded medium and good at $8.15 to $8.75. A. few loads of plain lightweight steers ranged from $7.50 to $7.65. Most heifers were valued from

$7.50 to $8.50, one load. good ‘to choice. 668- -pound and a package |In

strictly choice heavy Kosher. heifers $9. Several cars of inbetween

grade western stock steers are being | Int T&T

offered at $7 to $8. Vealers opened steady, but closed strong, with a few selects in the late trade at $10, but practical top $9.50. With less than 200 head of lambs and those here mostly in feeder flesh, no test of the market was possible. A few small bunches of shorn lambs at $7.50 was about the extent of trading.

(160-18 (180-20

H 2 Packing Sows— (275-375) Good 1350-425) sresqree (425-450) Good he (275-550) Moan

Slaughte P (100-130)

N-35

Doan Domne NE. =1-110 Semin Dra PVNVOD LWn-J-Jordm on on PND

gsc ood 2nd choice.

Te 9993 a0mnn0-

—Receipts, 1170—

(750-900) (900-1100) (1100-1300) (1300-1500) (750-900) (900-1100) (1100-1300)

. hs 9 aPecooNSOV© > 309

NID ID DIN SI RAUVONMODUINO

IIIB DO NID I =3 NINO ND OD SN

99299039093

(750-1100)

Steers and (550-750)

® o1anmun00Nm

Ed “>

9 9° +3006

(750-900) Good (550-900) (650-900)

5339 oom -3

Bulls Yearlings Excluded (all weights)—

Boe veis! os) Medium .... Cutter a common .. a i tik Vealers weights) Choice ....oeis. {4 All veifhis) edium seeaes .e Ss a PL Bh RL

—Receipts, 467— (250-400) Choice aod edium . Common Feeder ana Stocker Catile 1800-8 300) Choice ...... evan 8.00 00-1 i Save 8 300. 800) } Sond” 8

(300-1050) 34 Medium. 110

Heif (550-730) Good and choice.. Common, medium. SHEEP AND LAMBS —Receipts, 1856— holes (shorn)—

Good o Conve e Common ,. cores

*0essacscene

Good and choice .. Common and medium .

seecave esses

CHICAGO, April 20 (U. P.).— ceipts, 13.000, in Sludin ket JSteady to 10c gwe goo 208" choice 1707 240 Ie 8.15) Muisds Rade. 2e0sme Gatile Recarpte: 19500; calves, 1 00; fed d r. largely steer ; d heifers “Sarl Vy; cows an ear Pret $3. %7 p styers)

in : allo heifers.

ing 900 diihe Sheniad | De boc over

W ight fed [email protected]; ers AO and Sarlings

r op Haan ey

rect ate Tulesday 00 a

day § tra 0 ie ib 8 fom ame ois bn a Sig

Fi fei ril Li (& uw St Sal i Tog., $8.30; 3 280 i io Ly nil; dog Toa. 38.10 100.

Be Ibs. o37 1a qughie, " 50; stun $6; calves, $9.50;

Market S10

[email protected]; 220-! 9 5.

April 20 (U Ea dioge

Solis Jower: 3 SE %

si 20@ Phicads 1 gl Hg ges he BANK STOCKS Bank of America

Bank of Manhatt ; Bankers Trust a.

Chemical ..... ie Commercial .... Continental ve Corn Exchange

Bfapire :... ...... Pst anyational

light here and a good clearance was ef- | &%

0 re

$4503 $7. 8 |B

IDIANAPOLI

NE Ww YORK S71 OCKS

—r Ne High Low Last Change

Sqsessosraph . 20

a fk pb 8 ne DR Sn

+11 Poe oe pe

Atl Re/ning .-

Bald Logo ct ... Barber Co 1 Barnedall

11+

Beth Steel 1 Borden ir cers 38

3rigg

a 2 ; i 19 UCYTUSre 4% Burlington M..

[+1411 1;

hes & Ohio .. hi Mail Order. hrysler .. 44, limax Moly © Co 8 401%

Pr ... 35Y Edison 23 Comwlith & 80 1% Comwlth & 8 pf 30 Cons Aircraft... 16Va Cons Edison ... 193% Cons Oil Container

ine, A]

3 30 0 Douglas oe " x i | em. «on. . Y, BOF Shem. :-- * 0) 101% East Kodak . 5 150

2% 21 111 r 4 Eureka

Fair Morse

30 ou. ese Prd Blintkote ...... 13} is RE Follansbee

ten Electric

3a 3% Gin ¢ *N oh of f re Th or “es Nor oh

3 reyhound Op.. 9, uant Sug .... 1%

fl arb-Walk .... 20% slland Furn .. 26 -26 Man pt 3% 3a Huo pp Y 26%

otor Ys Hudson Bay Min 2644 Ty

Va «11% 11, . 83 93

G G C C CG } Gr G Gt G G

Int T&T For ..

Johns-Man

Kennecott «.... 33 Kresge S8 .... 16%

Leh V oCal pf. 2% -O-F Glass .. 30 Life Savers ... 27 Ligz & My B ew

Loft. Long Bell. A

- 33 16%

2% 30

arine Mid ses

. .

FETT:

Murphy G © ..

Nh Xe =a as at Dieters i

NYC Omnibus 2 No Amer No Am Avn ...

LHI E+ FEL

Qliver F Eq ... 24 Qwens Ill Glass. Poe 11%

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The followin quotations do not represent actual s or offerings, but merely indicate he Ot market based recent transactions

BONDS

American Loan Co 5s 46-51 ... Citz Ind Ie (TH) 41as 61 ... H Tel & Tel Ft fh. gt Yas 85 H Tel £1 Tat Ft Ind Asso Tel "al Tne 5

Ind Tel Co Ind Railwa % 97 x 3 el & el 5%8 63.. 8 ndpls Water Co 3%s 66 .

Interstate Ko komo, Water Works 5s 38 Ee Morris § & 1 Se_Bruses, 3s §0..

Pac West Oil .. 1%

level

Water Works Trac Term Co best

STOCKS

18 © 8% pid .... In Hydro He % pid

ve nid 6%:% He

1 Laundry € Co ©

“0 3 & noe ec 4. 8% fd. :

Bi 8% Uni lon a om § Co p van Samp aie Co com (By M. P. Crist & Co.) Mao fioen Investment Corp... 21.21

U.S, STATEMENT

WASHINGTON, A 20 ( ernment expen current fiscal pared to a. vea

22.99

P.).—Gov receipt or the year % Srousn Rh com

a |

db DOP bet 0D

Seaham. peed ~AB

a ba BOLO 00 300 ~3-38 ODD 32aae3

rk. bal. Pub, debt 3%. Gold res. 12,830.920. igi 7 Customs . 0.34 4 ay's gold cert. fund i "00 INDIANAPOLIS CLEARING HOUSE ; . 82.008 000

STEEL DEMAND OFF

NEW YORK, April 20 (U, P)— Demand for steel is slackening further and indications point te little improvement in Spetaiions this quarter, Iron Age said The trade journal pein out that the Government's new spending program, even if approved. by} Congress in its present form, is net likely ta have any important

ama 3 28 Som

nerea

» ©

effect on the steel industry fer some |:

months, owing- to the time required Ah get the various figjects moon. :

* Soe Final Edition of the Times 3 for Closing Stock Quotations | ‘and Other La |

Ry United Press,

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Yesterday . Week ago . Month age .. Year ago High, 1938, 134.35; low, 98.93. High, 1937, 194.40, low, 113.64, 20 RAILROADS

Yesterday Week ago

High, 1938, 33.3%; low, 19.00, . High, 193% 64.46: lew, 28.91. 20 UTILITIES Yesterday ; Week age ..... isesane

2.65 +0.9% -—2.73 +216 | gh U

i 8

2 Revere Tob 8.

dm on buying and selling inquiries or | Affi

FOREIGN EXCHANGE

Month ago ..... . ie lal Year ago High, 1938, 21. 36; low, 15.14. High, 193%, 37.54: lew, 15.65. 70 STOCKS

Yesterday ...co. evens val Week ago ...... Month ago ... Year ago vino on crssnales High, 1938, 44. an; Tow, a 1. High, 1937, 69.6%: low. 38.87.

; ssvefaspeianes

‘sg gan ne

et High Low Last cnet

TRE pft.. % a%

ve « 10% 3

Stes .... 1 REBuBl sit of. 4 i . 38% 8% Brews Fol

vate Xs

ca BO T+

120 1411;

en 80 eit at

RI~Dn-Ie-IDD PS SS he

° on PY . - .

un C Sunshine Min.. Sweets Iie yming-Gould. ,

I+: :

1% 6%

Telautogrph .. Tenn Cor es

5 QO @ a

23 8 Ses in oe

u — 7 Ww A oil of. 18 + Timken LL. 31% —

"N. Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 Inds. Rails Utils. 52.4 90.2 53.3 90.1 55.6 90.9 96.8 102.7 91.2 105.0 70.0 95.4 49.8 87.3 104, 2 106.0 69.3 2.3 1936 100.4 106.2 100.2 1936 90. 84.7 103.5 93.3 (Copyright, 1938, Standard Statistics Co.)

372

60 Bonds 3.6 93.6 5.3 91.2 935.7 82.3 9. 100.7% 81.1

Yesterday Week ago Month age ... Year. ago . Two years ago 91.0 1938 1938 193% 1937

NEW YO 1 20 opened Lr Anni fv. Je “Ease pen Change 80% — %

t 4s. . 1..

o's onl my

Curb Stocks

YORK. April 20 (U, P.).—Curb

NEW stocks opened steady.

INVESTING Co. Ss

(By ne ny es: Cont. She \

ba sestwse. |

ba es Same henBeBtEes

7% a SAIS SARI

El i

Eo 3 2

Ca) TCI Seb pret TCO CA CN OD i et eo ° 8 a 0 i A GD 1000 80 1s £03.60 1 2 EO UND 6 00 2D 00.100 0 33 hes aoe S2as ens . a . :

HisDisboioon £0 a 1s Sis 2380 22 ES ic tS 44

= f oq Bt Lm £903 BO eB CB 20 FERRI IBD

bt it 0 DN SD IY SD Cad tut 4

PDI D ONO WE 8D

Bea com 1305 Nw :

tee . 0 fa

SRR » .

ae SoODD ED. n a Be 5% . ES35 & aked _oapetatm: - 0 aag = rms. 1.8 120s:

woonoo® Hani: IINBIDIN0 ta ib DODD SrrORGEsBunSS et eh D0 IeAma 00 oe ©. . i. 2383:

ELECTRIC OUTPUT DOWN

| oe YORK, April 20 (U. P)— ectricity output in the week ended 8 | April 16 dropped to the lowest level for any full week since the week ended June 6, 1936, the report of the Edison Electrie Institute showed

today. Production in the latest week,

which included the Good Friday | heart

holiday, amounted to 1,957,573,000 kilowatt hours, a decline of 8.9 per cent from the 2,173,223,000 kwh pro duced in the corresponding fo97 week. Ifi the week ended April 9 production totaled 1,990,447,000 kwh, a decrease of 85 per cent from the year ago figure of 2,176,368,000 kwh. |.

NEW il 20. (U. P,).—Fore exchange easie aia lomias Had! cable rates, -on ® ajor cu ot

000%

England (pound) pa (80-d. Sr rate) ui

0315% Hl fs =

LOCAL PRODUCE ;

|e se eges |

Yellow Tr

. Revived Export

‘| jamin

Ne i Low Last Change 10 - 3%

Walgreen Walworth Wamer Bros va Warre PLP ia ren . West Onion ... 23% Neat, kid i Lo ew M .

Reigley rigley

Young Sheet -

PIT PRICES oh AFTER EARLY GAINS|

Demand Brings Bullish Tone.

13 12 32 n 31%

CHICAGO, April 20 (U. P).— Wheat prices eased from early highs on the Chicago Beard of Trade today when Liverpool closed on a lower movement. - At the end of the first hour wheat was unchanged to 4 cent higher. Corn was unchanged to up 4 cent and oats were unchanged te % cent lower, =. There were indications of a revived export demand with some export interests looking fer a day's turnover of about 500,000 bushels. This revival of export interest was chiefly responsible for the hullish tone of today’s market. Wheat re-

| ceipts were 19 cars.

Corn. prices firmed with best huying coming through houses with Eastern connections. Selling has been scattered. Corn receipts were 251 cars,

cit Cash a | gee.

for No. merits. Oats,

WAGON WHEA rain elevators are baying 4c; other grades on their ‘corn. new No. 2 yellow, 49¢.

ARGENTINE GRAIN

ril 20 (U. P.).— PAL ag BS ay ! ai

lower. Khe May: $1.00's, up lac; June, $1.01%. 3c. Corn—May. 6512¢, off Vic: June, gic, Osis—Mar. 313a¢. off Vac. lax

fT s v. $1.27%. lac; June, $1.28%. ff 3c. : :

A. T. & T. CONDEMNS FCC

NEW YORK, April 20 (U. P).— Stockholders of the American Telephone & Telegraph Co. at the annual meeting today unanimously approved a resolution condemning the Federal Communications Commission report on its investigation into the company after President Walter 8. Gifford had delivered a ringing denunciation of the Commission’s methods and findings. Gifford castigated the methods of the Commission as a record of “partisans and prosecutors” and its findings as “neither accurate nor

A comprehensive. n

FOOD PRICES

CHICAGO: April 20 (U. P.).—Apples— Michigan Molntosh, 81.25. Sweet potatoes —Tennessee, bushel hampers. @1.10. Carrots—Iilinois, bushel, 10@40c. Spinach —_Texas, bushel, 65c. Tomatoes—Fiorida, Jugs, $1. 353. Cauliflower, crates, $1.35 1 s—California, hamper $2.75. Ce lors 71 an crates. $1. 2580.25, Onion market £30- a sacks): iow “Ber yellow Danvers, $1.10; Texas yellow jermudas, $1.40 @1.15; Texas white wax, $2.

[FOR BIRTHDAY BALLS RAISE $4880 HERE

| Proceeds Go to Foundation

. For Crippled Children.

The gross funds raised this year by the Indianapolis President's

34 | Birthday Balls was $4880.77 as eom-

pared with $5081.36 last year, the executive committee reported today

to Mayor Boetcher. Funds were raised through ticket sales at eight dances held Jan. 29 in celebration of President Roosevelt's birthday. The proceeds will go to the Warm Springs Founda-

+++ | tion for erippled children. Part of

the money will be sent to Riley Hos-

a pital here.

. The amounts turned over by various organizations this year, with the

o | State House Ticket Selling Organization taking top hpnors, were:

State House, $1174; Masonic Ore

--- | ganizations, $901; Indianapolis Elks, 18176.42; American Legion, $300.95;

South Side Turners, $749; Walker Casino, $281 65; Central Labor Bowling Club, $75.25; Indianapolis Saengerbund ' Inc, $75; Jewish Women’s Clubs, $94; Federation of Women’s Clubs; $176.45; Ft. BenHarrison, $25; . SyrianLebanon: American Brotherhood,

'1$100; W. 8. Akin, Executive Sec-

retary, miscellaneous sales, $23; and Riley Hospital Medical Center, $44.

DIES OF HEART DISEASE

Daniel W. Snyder. 1415 College Ave, died sudenly today at Dela-

‘ware and Washington Sts. He was

65. Dr. Norman Booher, deputy coroner, said death resulted from disease. Mr. Snyder is survived by his wife, Cora, and a|®& daughter, Miss Louise Snyder, 1

11 RACE HORSES KILLED |

MT. CLEMENS, Mich, A 20 (U, P.)—At least 11 race were burned te death in a spectacular swept the Mt. Clemens

% ‘today. Ninety-nine per cent of the 20,552 pupils rent their books. = the 10,291 junior high school pupils

| Farm Bureau and Purdue.

BOOK RENTALS

SAVE $100,000,

OFFICIAL SAYS

-.%199 Per Cent of School Pupils

Follow Plan, Board Secretary States.

Indianapglis public schools’ text book rentale.system saves parents about $100,000 annually, Maxwell V. Bailey, School Board secretary, said

99.33 per cent use the rental plan,”

he said. The fee for renting books Js 5 cents a semester per pupil. The cost of purchasing the books out‘right would be about $2.50 a semes-ter,-according to Mr. Bailey, The rental report showed there is an annual saving of about $3.55 a year for each of the 30,000 pupils. In addition to the savings to parents, he said a greater variety of books and reference material is made available. Under the rental plan, pupils also are provided with ‘scheol supplies, including work books, crayons and arithmetic pads. Pupils who wish to purchase books may do so.” The law authorizing school boards te rent books was passed by the 1935 Legislature. Indianapolis adopted the plan three years ago.

4-DAY TRAINING

SCHOOL IS SET|

Youth Course to Be Given at Purdue; Life Insurance Sales Gaining.

The Indiana Farm Bureau Education Department today was planning for a state-wide four-day training school for Rural Youth Club leaders at Purdue University the week of April 20. / At the same time, the Hoosier Farm Bureau Life Insurance Co.

announced "it had registered $272,5@1 in new business at the close of a 30-day contest April 14.

Explaining the training school, {ii :30

Cyrus L. Dyer, Bureau Education Department official, said it will be held in connection with Purdue's annual Rural Leadership School and will be sponsored jointly by the

“A state-wide training school of this type will offer a number of advantages over the type of school conducted in past summers,” he said.” “The course of study will offer special training and instruction in the application of the discussion method of study, personality adJustment, program planning, agri‘cultural economies, home management, organization values and cooperative: activities.” :

Gains Despite ‘Recession

Announcing the insurance gain, Morley H. Ringer, Hoosier Farm Bureau Life. Insurance Co. manager; said: 2 *This is a: Femarkable showing - when a great many insurance comBahics report the falling off of new usiness during the last few weeks of the present recession.”

He pointed out that La Porte |’

County heads the list with $40,000, the greatest volume of business reported. Others included in the nine high-ranking counties are Daviess, Marion, Miami, Johnson, Decatur, Elkhart; Jasper and Franklin. ‘Edmend C. Fouster, Indiana Farm Bureau information director, announced that the Bureau's Janus) tour for Hoosiers will be to New Orleans this year, where the American Farm Bureau Federation is to hold its annual convention in De~ cember.

SPRECKELS OFFERS ALL TO U. S. FOR TAX

SAN FRANCISCO, April 20 (U. P.).—Rudolph Spreckels, rg-time Ban Francisco sugar millionaire, is wily every ‘he owns to ssttle a $648,000 income tax suit against him, U. 8 8. Attorney Frank J. Hennessy disclosed today. Friends said the offer, if accepted, would pauperize Mr. Spreckels, member pa the California shipping and sugar family, and once a local civic reform leader. Mr. Spreckels paid three installments on his 1929 $2,007,485 tax. Then came the stock market panic ‘and the. final installment was unpaid. This was basis for the suit.

$10,754 ASKED IN SUIT

The Maurer Fur Supply: €orp., New York, has filed suit “asking $10,754 damages against the Indiana Hatel Co., operator - of the Claypool Hotel.

The suit charged that 2330 furs |

owned by the corporation were stolen from the hotel last May 3, “as a result of the negligence of the hotel company.” Officials of the hotel company deslined to comment.

WAR CORRESPONDENT DIES

LONDON, April 20 (U. P).—Filson Young, 62, author and war cordent, died last night. He covered the Boer and World Wars.

with a toss of 435.000.

SE——

— ——

. NEW YOR SheAgS:

SOU pe JEND

CINCINNATI Inainngpatiy Ofer

Ne, 1 ey fresh count: es S028 Ban BH B

THOMSON. & McKINNON

A New York Stock aie | New York Curb Exchange New York Cotton Exchange | New York Coffee and Sugar Exchange New Orleans Cotton Exchange : I Chicago Stock Exchange Il chicago Board of Trade } Winnipeg Grain ‘Exchange And Other Leading Exchanges -

LI 8501

ae ‘give the Government |

_ PAGE 1%

"ON THE

RADIO

TONIGHT 8:00—Grace Moore, WFEBM. 8:00—Fred Allen, WIRE. ; 9:00—Coolidge Quartet, WGN. 9; 0-liay Kyser, WIRE, ” ” 2

Alfred Wallenstein's accustomed MBS-WGN spot tonight (9 p. m.) will be filled by the Coolidge String Quartet. Featuring French ehamber music, the program will include Lalo’s Piano Tria in A Major, the Faure Piano Quartet in G minor, and the atmospherie String Quartet by Ravel:. The assisting pianist in the: first two compositions has’ not been announced. 5

THIS EVENING

(The indianapolis Times is not responsible fer aouncements oo py station changes after press

LI$ tual)

IN! (NBC-, = Baseball

"Wa )

Pe ar (Teacher a for Mother es Whester sisson z Lum & Abner

ve mew

News Harry Bason ‘Terry= Te er ords

dick Tracy Orphan Annis

Easy Aces Lincle Ezra

sing] asks 28L3

wa wo

ovoronen | manok

as ae

Mu sic : Sparts Review Musial Moods News Onartie Chan . Man's Family

T. Dorsey i [4

Cavaleade "0 »n Ben Bernie ” "”

Ons, Family

Current radio speakers include - New York's Governor Lehmann (9:30 p. m., MBS-WOR) ; Rep. Gardner Withrow (P. Wis.) at 6:30 p. m,, NBC-Red; Harold D. Laswell, po= litical science teacher, University of Chicago (6:15 u. m, CGS), and James Rocsevelt (CBS-WFBM, 8:30 p.m Governor Lehmann will be featured on a special Jewish Passover program. The congressman is to speak an automobile manufacturerdealer relationships; Prof. Laswell on the Japanese aggression in relation to this country, and the Pres-

ident’s sen en Andrew Jackson. 8 = =»

thes | in program aps

CINC. oe van olay

Editor's D Daughter Baseball Sis ing aa j - House — Tray

he t S AF en,

Amos- Andv Ferk-Unpers

* Vieki Chase

Swing MH Charil Gian Sweet & Low Clark’s Or, Sports Sengs

~ Bolgsaint

— op, Dorsey Lone Ranger

Fred ” ” “

Allen ” »

: ‘Kostelanetz James Roasevelt

Gang Busters Edgar Guest

Kay Kyser » ”

» »

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Crosby's Or, Russell's Or. Tomorrow s Trib,

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L. Nobles Or. Moon River

L. Noble's or. Dance Or.

| 5558 | 5858 | 5353 | 5253] 5858 | BES

THURSDAY PROGRAMS

INDIANAPOLIS {OBS Net.)

‘Barly Birds ‘On Mall ” » Devotions

INDIANAPOLIS a

ICA Mutual

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T opt (NBC-Mutual.)

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Seience Eton Boys Footnotes : Women's Clubs:

Let's Pretend

Taronis o Jones

Hu eel Feeher

News Yes—No

5353 | 5853 | 5358

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Women in in White

David_Ha rom Mi

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‘Police Court

CranesJoyee a ye Sine Bad Get Thin B a 4 Ei dly Dr. Friendly : Melodies

Fainted Dreams Stella Dallas

‘Serenade Magie our ay De ‘Down East

Man on Street . Services

Ma Perkins Kitty Keene

School of Al . ”»

Harold Turner veries ‘June Baker Organ: Revue ”» ”

Jam Sessi Leadoff Man

Baseball

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arding’s ste i Mary othern Road of Life _ Editor’s Daughter * Editor’ 3 D sughter .

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| mama) oooecice | 10200000 | Him

. KEY NETWORK STATIONS (Subject to change):

NBC-BLUE—WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350. NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WERM, 770. MUTUAL WOR: 710; WHK, 31390; WHRC, 640; CKLW, 1030; hadi 650.

YOUNG MEN and Small Businesses If we were asked to point out the char. acteristic American National customer, he

would no doubt prove to be a mature, successful executive of a substantial business

established for years.

But among our customers we are also

_ proud to number a 1

arge group of young

. men and small businesses that are ecentributing to the progress of Indianapolis, and will contribute to an even greater degree in future. They have their aceounts here; 3 they

obtain loans here.

The soundness of a

loan is not measussl :

by its size. Large commercial organizations

_ finance a great volume of business with

* bank loans, and their mendously important tion. But a young man

borrowings are a trepart of bank operas with a small business

may have an equally sound need for a hank Joan. He is cordially welcomed here!

~ AMER

ICAN

NAT I0NAL BANK