Indianapolis Times, Indianapolis, Marion County, 22 April 1938 — Page 27

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| FRIDAY, APRIL 99, 1938

* METALS TAKE LEAD

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

=By United Press

DOW-JONES STOCK AVERAGES

Net IN N WING: High Low Last Change ' 30 INDUSTRIALS i : Adams E 8% 8 8% s seevissoune dedasuas 115. 10.50 : : att Rumely Sta Int * i Tosteras ir sieesvas sassy" Holiday : : : lieg, Cp p sow oa 8% 8% + 7 Month 8F0 ccccvcoscossesscs. 108.57 —86.07 Shem 141° ML 17 I year ago rervoenssnseses 178.54 —3.16 Allied stores : y 88 SB oy | High, 0s, 13435: low, 98.95. : Am Car & Fdy 19° 18% 19 ~ + % | High, 1987, 194.40; low, 113.64. A Meh ow Me 3% uw su + % #0 RAILEGADS Am Metal ..... 3114 S114 317% ee. | Yesterday eeece.cesecesseeees 21.338 10.07 Am Pwr & Lt.. 4% 4% 4% <4 Ya | Week ag0 ceooccces : - Am P & L 6. pf 2572 25% 2802 .... poo TO : o . ¥ Am P&L 5 pfA. 22V2 22% 23% — ¥2 id Gains of Two Points| fo ofAR ES dal: B60 ihe BETA Vn ew, sae tow. 1000 $ 4 % . 8 gn, > ’ ’ . W 1 100 10 — Y . : KF ur t h cr S Inc a5 Foye wn 3 38% 39 + 3 | High, 1987, 64.46; low, 28.9%. N t d ° M 5 ; an Sugar, aed 139 300A ook - 18 20 UTILITIES 1508. 4051 m > 8 8 | Yesterday .cc.cccoesee s0ccsse lo po Dip F to [An devel Ta Tad Tg el ind < J ANACONAA ec.-ses 8 eseessssevsnssesssses . ° 1p or Cc ca S 9 | Atchison ...... 27% 21% 21% + 1s | Month ag0 «..... caasesensete 16.38 —0.93 Sections. : : Atchison Df «8% Hu By I lo|Yearago ..ooovniiiiinainrn 30.17 —0.36. . T : oe High, 1938, 21.86; low, 15.14, op N Oo W $ 8 . 5 5 93% + 1% | High, 1987, 37.54; low, 33.65: - NEW YORK, April 22 (UP)— 6% + % - . 90 STOCK sees Yesterday cccocccceccccsccsces 36.14 -1-0.28 Metal shares led the sfock market| : Be iv | Week ago ...... rivessiesnsess Holiday higher today. Volume continued| The failure of hig prices to re- 11% ta MONth AF0 cccev.secesescenes 33.80 —2.16 small. Gains ranging to two points |5Pond to curtailed receipts at most Dia x Bixarage ........o.o0neeen. 64.34 —0.99 B10 Yo points supported the general belief 16 — 5h High, 1938, 44.42; low, 31.10. Were noted in nearly all sections. | that values are due for a further i = 1a] High 1937 69.67: low. 38.87. ;® U. S. Steel was at 46%, up 1, and | drop, according to the Bureau of 31% + . N ! Bethlehem 49%, up 1. Anaconda | Agricultural Economics. 3 on ote: 2 : High 2 %2.3) c henge rose to 30, up 1%. American Smelt- | Prices locally were steady on all efit Bo: Be i ah 1 it ing reached 40%,sup 1%, Cetre De| Weights, but further losses of 50] canada Dry ... 15% 15% 15% + % |Miami Cop .... 15% a if + 7 Pasco 35%, up 17%; International |cents to $1 in eastern dressed values [Can Pacific .... 8% 6% = 9% ..... finn-Moline'.. 5% 5% ti + fh * Nickel 48%, up 15%: Howe Sound | Were accompanied by declines in the | Caterpillar T pf103 03 03°" J’ |Mo-K Tex x pf... {7 8/2 += 7 o D1»: ints. Top on |Ches fo ... 26% 26% 26% — % |Mo Pacific .... 10a lis 1 3 — 7} * 37%, up 1%, and Phelps Dodge 24,|live trade at some points 20D Ch M SIPXP . 3% “3% “3 ... 0 |Montahio .... J0% J44 AT up % Dome Mines with a gain good and choice 210-220- pound Chrysler ...... [5% 44% 5% + 5 on! ar Ne of nearly 2 points led the gold miners | butchers held at $8.55, occasional 5 | GOLF “0 ey, Py, “8 13s | wasn ey th Be. es higher cent premium sales on various Col Carbon .... gi 64h 64 -.... |Nai Aviation 81 8 R{7ne .. /2 a / > os > Building stocks rose a point or weights failing to uncover anything | 0m I Trovpt. 97% 91% 91% T32 Nat Dany - % 13 Ie ! above $8.55. Packing sows showed | Com Solvents .. 7% 7% 1% — % |Nat- Lead 22 22 22 Wen more, featured by Lone :Star Ce- 75, d|Comwith & Soi. dia 1% 1% .... |Nat Lead S@; 73 15 5 Ii ment which at its high of 39%, was | NO change at $7.25 to $7.75, 8000 | cong Nairn .... 19% “19% 19% 111 INE RUSE Tew en 6% + % : : > ond lightweight sows quotable slightly Cons Aircraft .. 17% 17%. 17% + % |Natomas .....: 9. 9 9. oy up 2 points. Allied Chemical rose | '& Cons Edison ... 213% 21 21% + % |'Newport Ind 13% 13% 13% 4 % ® 0 points. Santa Fe was.up more | 2POVe. Cons Oil ...... 8% 8% 87 + Y |NY Central. 12% 12% 13% + % than a point. Rubbers gained un-| Despite the limited showing of jComaiper ..... j8% Jg% 3% 3 J8iNv C&S Lvtisls 18 184 * on der leadership of U. S. Rubber. Case | beef classes of cattld, a weak 10 |Grane Co cv pf 93% 93% = 93% + Iz No Amer ©€H. 1% V5 132 1T % at its high of 77%: was up 3%. lower undertone was plainly noted. Grown Couptxw 33, 28, 2%, -..- |No Am Ava... 3% 24 Si — 47 Cuter grades of Gove He eons (oper 42 BL BIT Zo 9 ° | but all other cattle, including StOCK=| pone Mines °°. 5455 541; 54% + Ohio Oil ...... 12% 13% 12% + % Toda S Bu siness ers and feeders ruled weak for the Douglas Air ... 44 43% 44 - 12 |Otis Elev ...... tos 10% 10% — % y fourth consecutive session. A few |Du Font ...... 0 10 + % |Owens Ill Glass 5° 5 “ees : 2 scattered sales of heifers looked 25C | gi mrp .... 14% 14% 14% + %|pacG & EL... 26 25% 26 - + 9% : : At a Glance under Thursday decline and todays | Elec Auto L'.:! 16% 181 18% .... packard 4 i’ : — 5 « > . oe 8 v values on this class te lower than El PaL pr... 26% 26% 362 + na Sik pave 38 35% 8 + 1 NERAL NESS . 4 | Pa m esas GE BUS! s{ab the fytiSh Jask wee tations | Eng Pub’ “... 4% 4% 4% ..."|Pen& By 48% 48% Ti American Bureau of Metal Statis- | Steer and yearling quotations | gy ceo. Il 1234 12% 12% + %|Pemn D C pf A18% 18% 18% — 1% % tics reports March lead production would also-have to be lowered from | Erie .......... . an 2% 2% + penn F RE. eens 16 16% 6% 3 5 f : if any test nf — “ Fae 7 Bi Ce in U. S. 36,436 tons vs. 34,869 previ- | the Sloss of Joss week i any and | First N 8 Te 231% 21% + Y|Dholoe Dode ... 2% 23% 28% 1% ous month arid-43,818 year ago; first | had n made . Procot Sulphil 3572 39% 29% 1 a|Dpols Docs. A 2 8° +1 quarter 1938 output 110,501 tons vs. | medium odd lots of steers ranged Gm Phillips 2 ar 3 3 5 + % ¢ 145,574 previous quarter and 124,905 | downward from $8 with nothing Gen Cable we 2 S05 2 «sve, | Procter 2 29% 9% 40% + % ve 3 . 2 == lp isiale year ago; March shipments 31, 052 good offered in the heifer pens. [gosh Zave A -- 309. 34% HoT public Serv Lees 28% Pe Bn: gE) tons vs. 30,135 previous week and | Cutter grades of cows show relative- | Gen Foods ..... 26 Sh 26Ys 38a — % | Purity Bak 8, ‘8% ‘82 + ‘I 63,425 year ago; first quarter ship- [ly high at $425 to $5.75 when | Gen Yotors . pi’ 113 1121s 11308 + A —r- . : : re ments 96,110 tons vs. 107,165 previ- | figured against fat beef cattle. Gon Out Adv. 5 42 jg» Ln gio EN 1% 41% 41% + : ous quarter and 159,518 year ago. Vealers lost further prise ground Glidden ....... 914 19. 19s — 1s |Republic Stl 14% 14% 14% + % Dun & &Bradstreet reports retail [in a 50 cent decline ma a loss | Grant 2%, 23% 23% .... [Ruberod ...... 1972 19% 19% + % trade this week 5 to 20 per cent |of $1.50 for the week, the i han- Gs North f : 15% 13% 15% t 2 ay 1h Ih under last week and 2 to 8 per cent | dyweights going at $9. a esr and Greyhound 1 9% : 94% 2% a Safeway Yop 2 B+ % Teyhoun 01 2 2 eos. |Servel Inc .... 13 13 1B on ¢ below year ago; wholesale trade 8 [feeder dealers are offering some 3 7 2. > : to 22 hi cent below year ago. bargains today in order to effent. 2 Gulf Mobile’ No 3% 3% % Sharon 8 H .... fh di i 2% a . Prices are lower for the a1 13% } Federal Reserve reports gold stock Slsanup & lees 8 | Hack wat... u% un up — 3S oconoy Vac ... 13% “13% 1a + 3% this week $12,841,000,000, up $16,000,- | week, bulk $7 fo $8. _ I Herc Mot ..... ie life 11h 1 god Pre 1.8 8 32 1 1, 000: excess reserves $2,490,000,000,| Receipts of lambs were again | Holland Furn .. 27, 21, 21 = + %|§id Brands .... 1% Th he — hb 8 highest since August, 1936, up $760,- | moderate, but demand tapered off | Houston Oil ... 6% 6% 6% .... Sasa 1” Pe 3% yy, 000,000; brokers loans up $56,000,000; | under the weakening influence of ee td GEE 6 pf. 18% 18% 13% + 13 criculation off $19,000,000; ratio 82.6 | further dressed losses and prices | Il Central ..... 8% 8% 8% + u|SWGEETRl.. 18. 184 13 + r cent vs. 80.4 previous week and | ruled steady to 10 cents lower. Best | jnspiratn Cop.. 12% 14% 12% + J2igd GIN J..0 48 48 48... per ¢ Pp d lambs at $7.50 showed Busir tie 5 A + JalSterl Prod 58 58 58 6 — ¥ é 80.0 year ago. shorn fe ambs at $7. SNOweda | Int Business M.142 142. 142 + ¥%|Stone & Web 8% 861% 8% + ¥ : the downturn, with a few loads of | Int Harvester .. 60%a 58% 60% + U8 |g{udebaker .... 5% 5% 5% + % Treasury Department reports first : : : Int H 5s 5Ya SY 4 YEW 3 a 5 : 1,756,882 | less desirable offerings going at $7.| Int Nickel ..... 1: 46% 41 © AaiSun Ol oe ”®, 3 % quarter whisky production 3 ; : : yg, "al Sunshine Min .. 11% 11% 11% .... gallons vs. 52,100,740 year ago, off | A load of wooled Westerns grading | Int B&F ...... Ti TA TA... [Swift Intl 38% BY B% + % 39 per cent; March production 9,- [800d at $8 comprised the extent of | in; Te Mane 8 Zin Tm, 1 * 878,686 gallons, off 51 per cent from such. kinds. Int T&T For .. 8% 8% 8% — % Tenn Corp <... 61a 0 i 7 I y a exas Corp ... 39% Y% Va year ago. Kennecott ..... 39% 84% 34% + wie CG Sal ....81 3 3 + Nh CORPORATION NEWS aa00 |KFORr G&B III Te Hed 1a T 0% | TMermolg cen 38 5 3ik Dw : =1~ Tide W A Oil.. 13% 13% 13% .... 8.80 749 7 : 3 . 1-O-F.Glass ... 33. 239 29 _ .... W A Oil pf.. 18% 182 8% + % . Be Sonliogg goo a a a3 Lima Loco 8 21% 27a 21% = 2, Transamerica. . 10% 10% 10% “vie . 8.70 4325 | LOEW'S .......00 yi 8 save 3 shee 3 . Loft, nc ©... y 7 7 1 —e rar Ry EM lida gh 2.80 1000 fost. Siar Gn i, 1, i, 1 2 Union Carb 67 ¥ 67 67 1 ended Marc consolidated ne 8.80 6046 | £095€ Ss ... 16% Va 4 -+ 1% | Union Carb .... 81 7 % + s & Nash ... 30%2 30% 30% +4 2|Un Oil Cal.... 15% 19% 19% + % 8.70 6743 : . do nm, ig Ye. 5's pron Sage; os 81 3913 Ludlum Stl «ss: it nr 16 — 1% mm 3 4977 | Mack Tr_...... 20% 20% 20% + .% year ago. Te General Cable Corp. March. qual, LSE 0.40 Macy R H...... 30 30 0 1h rofit :00@ 8.4 ] we - Se a I i ice: 88a 88| INVESTING CO.’S BRINGS PIT BRE AK i g.i0@ 8.35 | Stock Bid Asked Stock d . Share year ago. c March | (230-200) Good and choice $184 8.40 |Ad Fa 2 10.20 15. Se Inv Pd © CABe 518 : General Finance om 5 arc (290-350) Good and choice.. 7.75@ 8.20 Aft Fd, 354 s80iKey OFB2 1862 2099 Fw a m Vs. ear | Packing Sows— ? .. CFB3 . . net income $ ths ended M wd 1 pi Good 77900 1.85 fm 5° yo 4 “ CFK1 1225 13.36 ; S%e income $132675 equal to 13| HIER! cond . 7a Ti Batic de 115 « Gred 18034333 1Corn ‘Prices Steady After "Gents a common share vs. $200,104 | (FES Sidhu Lilli: THE Bas dng HBR, 4B 48 UT or 23 cents year ago. . Bit Good and choice.. 1.002 8.00 Bui kd nes 128 Mut Tn Bd 3:53 Bal Expor t Supply Report. Lockheed Aircraft, Corp. March Medi 6.75@ 17.75 Tr, 1 .92 21.42 Nawide sec 2.59 69 : : quarter deliveries $1,796,091 vs. ntl Sh pf 6.00 6.75Ntl Iny 4.63 4.93 : ’ $1,145,047 year ago, up 57 per cent. (750.500) 275 9.50 Tr 26 chara N fog Fd 10.82 11.63 CHICAGO, April 22 (U. P.).—Re- - . " . cages s inc: : : Louisiana & North West R. R.| (900-1100) 373 9.5 Ac 90 .....| Agric 7.30 7.00 | action in Winnipeg attracted selling z : 00 | Gb AA md 2.25 ...0| Bliz's 6.51 17. i a. Bet Joey $2150 3. 43,108 (1300-1500) Sale cp gsc md, 22 3556 Elec Eat 83 in Chicago and on the Board of : Middle States Petroleum Corp. | (900-1100 5.006 9.00 Qum Ttva 330 .....| Mach 6.94 1752 | Trade May wheat led the break. (1100-1300) . 8.25@ 9.25 |Dp By eee] Metals 7.80 834| At the end of the first hour wheat and affiliated companies (excluding | (1300-1500) . 825@ 9:25 |Dp ns A 281... Ofls | 844 8.03) 004 45 114 cents lower, corn was Louisiana & North West R. R. Co.) 50-1100) 7.50@ 8.25 | pi 158 Bie EL & 47 ) } ) . 2g7 | (1100-1300) 775@ 8.25 | DIVES B88 5a Am Bd. 48.23 --... | 15 cent lower to ’& cent higher and 1937 net profit $257,446 vs. $20, (130-1100) Common (isin). 615@ 7.13 | BSED 488 ‘345 AmTrey nao 1 | 0 ONL unchanged to % cent , in 1936. SUeCES-TN0) Bond soa os [EL TRS 1942 1658) Am 120g 2: 111 | ower -750) Good ....... cece 8. e , . ‘ ‘Am 97 ..... : ¥ Pennsylvania Light & P OR Heifers Hdeiicy: 16.42 17.58/Quar Inc 9.15 10.03 | The break in Winnipeg appeared 1937 net income $8,229,073 vs. § “| (150-50 Good oo 280 8.75 | FeAl Fd INE: 60S Am Inco 895 500 |the only bearsih development of 593 in 1938. March quarter| (690-900) Common “IIIIlIl 650@ 700 | gb§ SEk, 284 39Sel Inc 353... | midmorning, but offset completely Sunray Oil Corp. March quar Cows - Ipxd Tr B 608 |. |Spen Trox 13.7 13.94 | the forecasts of frost for tonight in ¢ estimated ret profit $305300 vs. |All Weights— “ 700m 7.25 | bon Boa $38 SA81Std Am Tr 2.03 2.35 | sections of Illinois, Iowa and In$304,846 year ago. Medium aise rare. 8:21 1.00 Fd tmvige 1 11 15.24/Sup Op A 2.78 5 diana and good export demand James Talcott, Inc.,, March quar- fom CT hd toutier 25a 575 Fd Tr 4.09 4.63 Sp B 2.91 ..... | abroad. Wheat receipts were 39 ter net profit $79,603 vs. $177,047 Su een Tr 8 asian E28 pL. |300 ’ > ulls -08 «8.90; © 95 ..... 2 . year ago. Yegrlings Excluded (all weight) RL ORR AR el }%2::| Com prices firmed in opposition . U. S. Hoffman Machinery Corp.| Gop wean Medium LL E5i@ 1.20 Chem 91 lllsupvrsd 8.3% 9.07 | to wheat on reports from seaboard March quarter consolidated net 10ss| Cutter and common ........ 550@ 6.25 | Tob 0 ‘ar 1059 Ao5; fn¥C 2.09 ....- | interests of about 500,000 bushels of $15,925 vs. net profit $181,049 equal Vealers Inep Invs iiss 649 | SQUIB . 5.44 ..... |corn worked for export. Corn reto 74 cents a common share year | (All Fejghis) Soice eee oer 330@ 2.901 Bk Gro 1.03 1.14/US EILP A 11.35 11.75 | ceipts were 292 cars. ‘~ ago. (All Weighie) Good 111100 000 730| ue, Ofp. 113 125Us ELE B 148 138 —_— Westinghouse Air Brake Co. and | Cull and medium ............ 4.50@ 6.00 | Ist BosCp 12.00 13.50{Well Fd 11.71 12.92 Civ vain Slevacors are paving for No. subsidiaries quarter enced Mazen 8 3 Bo : m——,———— 2 red are ofier: grages on th cfr merits. cen » - . as orn, ew . e) a RE as 85 cents| 50-400) Choice ........... 1.500 8.50 LOCAL ISSUES 26¢. ¢ year ago. Modtum Lien 3136 6.25| (By Indianapolis Bond & Share Corp.) ARGENTINE GRAIN > DIVIDENDS Common ......... 5.25@ 6.75 The following quotations do not repre- BUENOS AIRES, Avril 22 (U, P.).— # Feeder and Stocker Cattle sent actual bids or offerings. but merely Grain sulres opened steady. ills C 25 ts ta indicate the approximate market ievel t—May, 99%¢, up 2c: June, $1.00%. Burlington Mills Corp. cen (500-800) Choice 7.25@ 8.00 | based on buying and selling inquiries or wl 65%¢c, unchanged; June on common payable May 15 record | (200-1050) Choice 7.25Gp 8.00 | recent transactions. sao MYy, San, ged; ) i May 5 vs. like payment Feb. 15. (80021050) Coood T50@ 8.00 BONDS Bid Asked | Dhte—Mav. 3i%e, unchanged. ot: 3 Chicago Yellow Cab Co. regular | (500-1050) Medium .......... 6.75@ 7.50 CoSs 4651 .. 00 op lar MaY, hl36%. unchang une, quarterly 25 cents on common pay-| mei Common ......... 600@ 3.75 Ys 81.102 I pe ; 2 (550-730) Good and cholce.. 6.150 1.75 “Be ; 3 Buje Jun rr fd DD or cent 4 ommon, medium’ 6.00@ 6.75 5393 10% 106 CHICAGO PRODUCE on common (less tax) vs. 6 per cent SHEE? AND LaMBS cere BB HE oa pre RY fe Hy vi ear. —Receipts, 1634— 51, 63.. 86 89 | than cars, 18%c; extra firsts, cars, 19%z; Py. 5 artment Stores, Inc, a fshorh) 7.95@ 7 5 38 1 10317 10414 5 an rent. I 5 ao: hos 2 A C; curren rece! C, storagei 75 cents on pre- d 7304 138 (55,50. 38% 01 acked firsts, 20c; storage packed extras, o . . < wu X a . ferred payable May 2 reeord April Common essecsvsrenvensesre 5.006 6.00 47 .. 100 iu IqpRutter—Market, steady: Tecein ts, L1102.a Titestessavessesns WV 5.0) Ohio Tel Service 6s 47 ....... s extr s ore), 28. Good and choice ......... + 330@ 4.50 BUD-Tel 148 8B «cgi 98 ~ 100 Sat. 35 acs extn as (52 score), 2 26c¢; “firsts, _ International ‘Harvester Co. reg-| Common and medium ...... 2.00@ 3.50 Wo a! 105 103 22% @23%c; seconds, 21@321%c; specials, : ular quarterly $1. 75 on preferred Works 6s 56... 100 102%; 26Y,@26%c: standards, 25c; centralized HIOAGO. April 22 (U. P.).—Hogs—Re- Ww 2| (89 Soa 23%¢; centralized (88 score), s payable June 1 record May 5. geipis. 1000; including 2500 directs. Mar ok 9... 65 |e, Maiket, steady to fiom’ cents 0 OD, | 22% “ALI ld WD WP sane eses ’ — ha : New York Fire Insurance Co. $860: 160.240 | Ibs.. $8. 358 60: 250-280 Bop ST cepts, a nl iors 2a Tac 1c: a, - quarterly 15 cents payable April 30 90-350 ibs.. [email protected]: 350- OCKS 13c; hens, 18@20c: spin s 500 lbs. $7.15@ Belt RR St ¥ds com ......... 81% | 27%4e; roosters, 13 oS 1Thae: record April 25 vs. 20 cents and ex- | Cattle—Receipts, “1000; calves, 500; few |Belt RR St Yds pfd ... i. wurkes 15@324 oe ens. il ira 5 cents in 5 previous quarters. offen 30 25, Re i steady: best ~ 1100-1b, | Cent Ind Pwr 1% pid 14 17 @2Athe. Cs iyers, @26c; broilers, . Parker Pen Co. 37'z cents on com- | steady to weak. “seat Cuter imeven: Hook re Try a y 12 i opin 13%@iae daisies, 13% a ; . ; sausage Mi % 2 a mon payable June 1 record May 14 $5550 at top for selects: very Thi enlers Ing Gon sere Go 6% ord’ 01 i04 | Fotatoes—Supplies, moderate; demand, io uarter. on_ replacement cattle. , iz 1, | slow; market, steady; Idaho Russet Burvs. 50 cents in prev us q S ep—Receipts 7 ncludi Ind Hydro Elec 19 esses 421; 45 Va banks $1. 40@1. 50; Washi R (Copyright, 1038. by United Press) | directs Late ‘Thursday tat lambs 15:99 | Indpls Gas co I. ie 6% arc 2 | banks, 81.5: North Dakote Bliss Tric A eee cents off: spo more; wooled lambs. 5 umphs, $1.35; Minnesota Early Ohios, $1.3 ¥ Sawd.5: 't op. 88. 3. today zs Jade active; Indpls Rati te 8% ey Se iscorisin Cobblers ‘and Girean Mountains S lambs, up. pio [email protected]; choice, $8.50: | N Ind Pub die, T To td "6%% 2 48 $1.25; an Russet Rurals, $1.25. . ° n ewes. $5 N Ind Pub Serv 6% ......... 50 53 New VStoc —supplies, liberal; demand, - WA i April 22 (U. P.).—Hogs | N Ind Pub Serv 7% ... 60 | slow: market, steady; Alabama Bliss TriBy United Press —Market. 10 cents higher: 200-220 1bs.. | Pub Serv of Ind 6% .... 171 | umphs, $1.75: Louisiana _Bliss is, $1106 v BOND PRICE INDEXES |Holies ToiD'ihs. Histol ond dhs Seiget | Bun Serv of Mad Toe copy oo i haa” Bits Eesumphe Flat) 20 20 20 60 380 1bs.. $8. . 280-300 1 $8.05: 300- $9 x9 Ind Gas & Elec. 4.8% pid. . 79 Arrivals, 74; on track, 273; sal, : $7.95: 25-350 1bs. oF 7.85: 140-180 1bs., | Terre Haute Ele fo] 8% ..... 9 96 | 723. Inds. Rails ills, Bands EN gs: “i001 LE 0. Union_ Title Co com oe E 2 : . x . a 0 Pf .e.0ns pee iy RT gl ©. Hog | Von cams Mik 6a om 30 In| FOREIGN EXCHANGE s : aes 55.7 209 - 73.3 ceipts. ncluding 370 direct: hold- (By M. P. Crist & Co.) NEW YORK, April 22 (g. 3 P.).Fore eXHonth 410 vx.» 923 959 1026 96.9 | Suc issn sen iitiys fairly active, steady: | \arket St Investment Corp.. 31.05 22.62 | change lower.” Foliow. Opening sah bie Too Years Ago 90.9 94° 1049 95. Ib $707.35; good packing sows, $7%7.25.| XEx-Dividend. , rates on major currencies: et eC PA re eisai 1938 High .... 83.0 70.0 954 825 ijon generally Slow: market, steady to 45 B ANK STOCKS -$4.98 1548 —.00 5-18 3 Low v4.9 498 87.3 70.7 lower; odd light steers to $9; fed choice rate) +3 8 313 82 —.00 5-16 6 18 0 1012 1060 100.7 |UEht heivers. 80.35: bel cows, $6; odd Bid Asked 000% 00044" - 1938 High «.... ip ye 25 Eli als $7.50; rena: strong; practical top, Bank of America .. eis seeeee 3, oS esas 1052614 he 1337 1OW ...e:. y 2| Sheep—Receipts, 100; i Bankers Trust an Lan RT a L. 1887% 1936 High sesee 94.8 01 Joes 1093 | wooled lambs quoted '$8.3598.50 bo: enioed oh Nov York Trust.... 338 3i6 3300 —.0000 1936 core Coy offerings $7.50 down; shorn slaughter ewes, Srockitn Trust a2 als "5567 —0001" ahold 1938, My do Staustics 0. scattered lots spring lambs, ntri anover . 2 89 Va 43 = : % ( a U.P) &s $1150; atric good 50-55-1b average absent pate ar 9 C1 3003 = 30012 NEW YOR pr ir. | aad salable UP i th Commercial... 13¢ 140 2221% —.0001 LIV: : opened higher. Open’ Change YRTTE. April y-Ho Hogs. Gar “Sicha : pics 13 |Japan (ven) ...... .2008 rT 1 2 48 covecsves oo 105% . Market, steady: 200-2 50- Tha! Fes0 40; 201 1/, . . ghelmes : ne UTR Le BR Lu BY $8@ Best National Taran 180° 1690 * Feel 3%s = Xv | 8.10: 275-335 Ibs. [email protected]; 160-200 lbs, | Gaavanty hol iii 324 299 U. S. STATEMENT s 5 2 4s 1 108% + Ya|[email protected]; pigs, $7.75 Ao roughs, $7.25 ving. teens 11% 12% Elec Auto Lite 45 100 ~ + %|down Manufacturers .............. 34 36° | WASHINGTON, April 22 (U. P. —Gov Motors 3%s vea-102% . Calves, [email protected]; lambs, $7.50. National City ...cceooevseeet 24%, "26% | ernment expenses and receipts or the Ser or 5% . 26%; . New York Tru BE cies drnene 82 86 current fiscal year through April 20, com- » Fat Dalry 3s 8 Ta Tine Gusrantes "11001001 S% (Sy; [pored with a year ago: "© ; VaRy Sus wee + %|| See Final Edition SCAL PRODUCE. 1 5 git on se oti fon : LOCAL PRODUCE Gross. def. 18816793 2 _ FOOD PRICES of the Times Net det. Y113.35741703 - 1.907 136,304.14 Poultr =Hea breed hens Cash bal... 2,848,793,878.17 1,682,567.568. a 4; oil v. or 5 es— horn He ens, 18¢; heavy broilers, A fo ga Work. bal.. 2.275,560,595.59 _ '688,170,A34.61 Bo fo Ibs. oa broilers, 1% to 2 Pub Debt’ In 564, 149,918.10 34,832,075, 135.61 fafosh. 2 r . A Hy vi @1.25. : . 186; old. rd roosters 8 SSiv. tres es a | S01 Te Tes, 1,008, 238.31 11,736. Lifes 234. 8 alee hen Higa £ Sh beg rity Closing Stock Quotations. E Tho leach full ‘ca gies 5 veign 58 Todas % Gold fo ee dcr. 0 , LS a 11 ; ; x : ; RE || and Other Late News ||, if uf Se infec Bu wil % | meovusrouts crassa u

Net Last Change 33% + 1% + * : 1% + 2% eee 28% + : 10 + bid I 18% te » 3 oH 271% + Ya 0% +2 58% —1Y 46% + 100 -— Ys Welker (H) ... 38 37% 38 vase Walworth on % I th +B ward Bak A .. 11 1 11 -+ Warren Br .... 27% 1a 2% War Br cv pf. 8% 8% 8% + Ya arren F & 22 22 22 aes Wes Oil & 8 .31 31 31 +1 West r Bke .. 22 . 22 3 anes esting El .... 71% 77 Ys + 1% White Mot ... a So a — oF hington ster evan hin, 15% 15% + 3 Worth 5 pr ‘pt 3 35% 35% + ‘a Yellow Tr 123% 12%. 12% - Ya Young. Stl Dr . 15% 15 15% . 3 B

BETTY ACCUSES MRS. COOGAN

‘Tried to Halt Our Marriage By Saying He Was Broke,’ Actress Charges.

HOLLYWOOD, April 22. (U. P)). —Betty Grable, actress wife of Jackie Coogan, today told how her husband's mother, Mrs. Lillian Coogan Bernstein, attempted to halt their marriage by informing Miss Grable that young Coogan was a pauper. The one-time boy actor, now penniless, prepared to go into court today and force his mother and stepfather to give an accounting of the approximately $4, 000,000 he earned as a child star. Miss Grable said that, soon after she and Jackie became engaged, Mrs. ‘Bernstein telephoned Miss Grable’s mother and said: “If Betty thinks she is marrying a rich boy, she is mistaken. He hasn't a cent. He's a pauper.”

‘We Were In Love’

“As if that made any difference,” said Miss Grable, who has been supporting her husband on her $500 a week movie earnings. “We were in love, and that’s all that matters. She thought that Jack’s not having any money would make me give him up. Well, it didn’t, and it neyer will.” Meanwhile, Wallace Beery went to Coogan’s defense and the judge who will hear the case announced that, hereafter, parents of child stars must establish trust funds for

4 | their offspring before he would ap-

prove their film contracts. Beery said he had played in a number of films with Jackie and knew his father well. Saving Money for Jackie “Not once, but many times Jack (Coogan Sr.) told me he never.intended to use a cent of the money his son earned,” Beery said. “He was careful always to impress upon everyone that Jackie's money was being saved for his own use when he reached manhood. I don’t know whether Jackie will want me to testify, but I want to help him in any way possible so that his father’s wishes may be carried out. When Jackie’s father died in an automobile crash in 1935 and Bernstein became the manager of Jackie Coogan Productions, Inc., Jackie said- his life beca a continued fight with the man who later married his mother.

B. & 0. ASKS TO DROP 2 CINCINNATI TRAINS

Claims Loss of $5336 Each Month on Route.

The Baltimore & Ohio Railroad:

today asked the Indiana Public ‘Service Commission for authority to discontinue two local trains operating . daily between Cincinnati and Indianapolis. The railroad now operates one train each way between the two cities via Hamilton, O., Liberty, Connersville and Rushville. ' verage monthly cost of operation, according to the petition, is $8866.77, while the serage monthly revenue is $3530. Most of the patrons on the trains, the petition said, are through passengers traveling between Indianapolis- and Cincinnati and could be served by other trains erated by the line. The towhs affected have. adequate motor vehicle service, the petition argued, and arrangements now are being made to have the Railway Express Agency use trucks to make local mail and express deliveries to them.

SEEK IMMIGRATION LAW CODIFICATION

WASHINGTON, Apr ‘April 22 (U. P). —The House Immigration Committee voted today to have one of its members introduce a house resolution asking permission to sit after Congress adjourns to investigate and prepare a codification of immi- | gration and naturalization laws and |

regulations

The resolution would give the | committee power to subpoena wit- | nesses and sit anywhere in the United States during the recess and to request the help of the Labor and Justice Departments.

SIXTY TO BE ARRAIGNED Approximately 60 persons recently

indicted by the Marion Count Grand Jury are to. be Talay Tuesday before Ju Frank P.

Baker in Criminal Court.

Curb Stocks.

Pres NEW vomg: 4 Ari id . P.)—Curb stocks opene ch Net Alu Co An . i an B ... am Serv Creo!

483

HOOSIER BANK

“ASSETS SET AT $909,959.00

Insured Commercial Firms: Have Deposits Of $464,176,000.

Indiana’s 483 insured commercial

Jbanks had total assets of $0809,959,-

000 as of Dec. 31, 1937, the Federal Deposit Insurance Corp. in a report issued today on the condition of 13,795 such institutions throughout the country. The report on mdiana covered 126 {national and 14 State banks which are Federal Reserve System members and 343 others which are not. The Indiana banks at the ‘close of the year had total difect obligations to the Government of $204,695,000, the report said. Total cash, balances with other

banks and cash items in process of collection amounted to $244,631,000.

ernment were $47,095,000. Other secufities were $383,024,000. Loans, discounts and overdrafts were $248,516,000 and miscellaneous assets $33,788,000. ‘Demand deposits amounted to $464,176,000, including $340,000,000 by individuals, . partnerships and corporations. : Time deposits totaled $289,000,000." They included $219,609,000, evidenced hy savings pass books, $670,000 in ‘Christmas savings and similar accounts and $3,663,000 in postal savings. - Capital accounts of the Indiana banks showed undivided net profits of $11,911,000.

{5TH MICHIGAN PLANT STRIKES

Jackson Machine Shop Men Quit; Parley Set Today In Bohn Walkout.

DETROIT, April 22 (U. P).— Negotiations to settle a strike closing all eight factories of the Bohn Aluminum. and Brass Corp. were arranged today," but a new walkout had raised the number of strike-bound Michigan plants to 15. The most recent strike was at the Fox Machine Co. in Jackson, were 75 men - walked out after several

settle their grievances. They complained against violation of seniority rules. Richard T. Frankensteen, assistant president of the United Automobile Workers’ Union, was to meet with Simon Den Uyl, secretary of the Bohn Corp., this morning in an effort to settle a long-standing dispute which resulted in the strike. Each side accused the other of violating a company-union contract. Fred Williams, business agent of

company had 6 refused for seven weeks to negotiate on union come plaints that it had violated seniority

contract. Den Uyl accused the union ,of striking without making an at‘tempt to negotiate. Meanwhile strikes - still ‘were underway. in the following. Detroit plants: Michigan Steel Casting C8., approximately 100 workers affected; American Brass Co., 750 workers: Detroit Moulding Co., 500 men; Hulet Top & Body Co., 25 men. Strikes still were in progress at the River Raisin Paper Co. plant in Monroe and the Saginaw Furniture Shops in Saginaw.

Directs Cast

A SAFE DEPOSIT BOX "“INSUmance '9 Different Sizes $3 to. $100 A YEAR

| Secrtty Trust go.

Alden Davis, Illustrious Master, is to direct a cast of about 75 Indianapolis Masons when Indian‘apolis Council‘ No. 2 -confers the Super Excellent Masters degree on

"a large class tomorrow night at

the Masonic Temple. The Super excellent Masters is the ‘tenth degree of York Rite masonry. The [ Council is to entertain‘ members of 98 Indiana Councils of Royal and Select Masters and their wives at, a banquet at the Temple at 6:30 p. m. The ceremonies will mark the first time in five years that the Super Excellent Masters degree ‘has been conferred in ‘ Marion County. -

TOMORROW. 3:15 P.M.

TUNE IN WFBM

Hear Jordan Conservatory Present

PAUL LINDSTAEDT, .

Teacher of Piano, and

MISS MAXINE ROBERTS,

Voige Student of Franklin Taylor

[Have Some un MSER f Saey Evening & 30 to P.M.

Obligations guaranteed by the Gov-|.

ve

-

ON THE RADIO J -

Ly

TONIGHT

7:00—Lucille Manners, WIRE. 7:30—Paul Whiteman, WFBM. 8:00—Hollywood Hotel, WFBM. 8:30—Operettas, WLW. 9:00—First Nighter, WIRE. 9:30—Col. Knox, NBC-Blue. 11:00—Mrs. Roosevelt, NBC-Red. 8 * a

America’s First Family is among our busiest group of broadcasters of late. The President made two network addresses on April 14. Wednesday night James Roosevelt was heard in a CBS address. Now two

scheduled. Tonight Mrs. Roosevelt - -will be heard from the New York Newspaperwomen’s 16th annual Front Page Ball. And tomorrow Franklin Jr. will describe the Columbia-Navy crew race for CBS listeners (1 p. m.). Being a newspaperwoman herself, it is quite proper that the First Lady shouldy award prizes for the year’s selection of best stories. She also is to interview the three recipients (NBC-Red, 11 p. m.). 2 8 8 ; Col. Frank Knox will speak from Wichita, Kas., on “Suggestions for a Republican Program” to NBCBlue listeners at 9:30 p. m.

| nati

more members of the family are.

Paul Lindstaedt will play 11 of the Mussorgsky-Bauer “Pictures at an_ Exposition” on the Jordan Conserv="atory broadcast, WFBM, 3:15 p. M.._ tomorrow. The other. Saturday cols legiate broadcast from the Cincine, . tory will offer the noted pianist, Severin Eisenbe in preludes by Bach, Chopin, Ra he maninoff and Shostakovich, and a Mozart . concerto with the school orchestra. The Conservatory Madrigal Singers also are Schsiuled ao a. m., CBS). Abram Chasins will Hay the two. Beethoven sonatas knowh to the : world as the “Moonlight” and the .- “Waldstein” on his NBC-Red pro=" Zin gram, 11 a. m. t.morrow. . : » ” = Another local movie's “preview” : will be heard on the “Hollywood. - Hotel” hour tonight. Carole Lom. bard and Fernand Gravet are to do _- ° scenes from “Fools for Scandal,” current Circle attraction. Last. night: we had Clark Gable and Myrna Loy, stars of Loew's “Test Pilot.” ® » ® WIRE is being heard regularly in. New Zealand, no less. The stationhas copies of the Dunedin Evening = Star to prove it. Morning programs - are picked up by New Zealand listeners in the evening. : The Evening Star radio schedules. - disclose that they don’t ‘sign off”? = -

#4

down under—they “close down.” . .<"

weeks of negotiations had failed to |

1 the U. A. W.s Bohn Local, said the ‘10

provisions of the company-union|

THIS EVENING i (Thé Indianapolis Times is not responsible for inaccuracies in orogram sme : nouncements caused by station changes after press time.) INDIANAPOLIS INDIANAPOLIS CINCINNAT) CHICAGO WFBM 1230 WIRE 1400 ! 3 (CBS Net.) (NBC-Mutual) (NBC-Mutual.) (Mutual Net.) 4:00 Music fer Fun Baseball Editor’s Daughter Baseball fia hf 4:15 9 cain Jack Armstrong nian “ey 4:30 Stepmother News Pioneers "in - 4:45 Tea Tunes Harry Bason Hilltop House iL : 5:00 ” Washing Dick Traey - Swing It 5:15 Forum 3 Little ‘Words Short Story Melodies 5:30 B. Carter Dick Tracy A. Franklyn Charlie Chan 5:45 Lum & Abner ‘Orphan Annie Lowell Thomas Orphan Annie 6:00 Melodies : Musieal P. O. Amos-Andv Sweet & Low 6:15 A. a cle Ezra Jerk-Upper Clark’s Or. 6:30 Musical Moods New : Sports 6:45 News Charlie Chan .. ei: Godfrey - Bolognini 7:00 Sweet's Ghost Concert Name? Name? 9:15 ” ”» ” ” ”» ” ”» ”» . », o ”» » 3 Whiteman’s Or. a Death Valley . Lone Ranger 300 Holywood Howl Wain Tme Rerse ee 8:30 " 15 Human Relations Operetta re 8:45 nn." » » nin Tomorrows Tribe 3:40 * Song Shop First Nighter First Nighter : Bolognini Wi 9:30 "00 J. Fidler J. Fidler Curtain Time 9:45 Arden’s Or. D. Thompson D. Thompson hd 10:00 Entertainment Amos-Andy Paul Sullivan WL Sams 10:15 ews News Salute Russell’s Or. oe 10:30 Osborne’s Or. Baseball » ». » #” Hedy 10:45 ” 44 Barrie's Or. Busse’s Or. Barries Or. 11:00 Norvo’'s Or. Tucker’s Or. Review . Tucker’s Or. 11:15 1” ” i” ’” Snider’ s ar ey ” 11:30 Nelson’s Or. Crosley’s Or. Pearl's Crosby’s Or. 11:45 ”» » 2» ” ”» ” : 2 12:00. Ind. Roof Silent Olman’s Or. L. Noble's Or, . <.. 12:13 Silent ”» ”» » ” ” ” xg u E 12:20 en - >» Mosca River Jones’ Or. ; SATURDAY PROGRAMS INDIANAPOLAS INDIANAPOLIS CINCINNATI CHICAGO ~ : FBM 1 IR! 400 700 9 (CBS NEY (NBC-Mutual) (NBC-Mutual.) (Mutual Net.) 6:30 Early Birds On Mall Hugh Cross Silent Rohit 6:45 Gf ” Devotions Revellers Good Morning ~~ 7:00 ” ” * Musical Clock Organ Sunshine Time 2:15 ”» ” ”» ”» News E ”» ” 7:30 ad "no Hill Billy Music Bos 9:45 "oc . » on MecCormicks By i. AT 8:00 Eton s News Breakfast Club Good Morning ~:~ Bf Enda Dun em gs Cp aed : er’'s Fan 1 op 8:45 . . Highlights Air Synagogue "0. < 9:00 Osgan Air Sweethearts Mail Ba Crane Joyce a Phos size in _ Get Thin TT 3 copem, Bot we. + EM Se . t Tall M; June Baker 10:35 Sertuade, oo Corn Br alin Melody *Time :30 Children’s Hour Army Band Rye Band Army Band 10:45 ” » ”» ”» . . i: : ” " Magic Hour Smoothies Margery Graham ~ Hite n » “Hopone P. M. Edition Magic Hour cid 11:30 Farm Cirele " Farm Hour New! dete 11:45 Farm Bureau WIRE Farm oo.» Musical SLs, : ’t. Market: "..» State St. Man B13 Melodies Gevh Makes wm ‘Alles Blue 12:30. Buffalo Presents WIRE Reporter Pioneers Seryice 12:45 News Lani McIntire 1:00 Legion Women London Music Jean Bopenaon Crew Race 1% Nore S woo Kien s Or Blue 1:30 Wor Song wow jes or feadoft Man 2:00 Merrymakers. Silhouettes Serenade Baseball | 2:15 BoP Baseball | Dot s Pat ot 2a J. fturgess odin Ricar o oom 3 > ”» 7; 3:00 Charles Pan » » Club Matinee > - 5 3:30 ” ” ” ” ” ”» ” > . v 3:45 Flanner House nn nL.» ” . 9 ”» ’ in It Nk 1% Scholarship i Hd Rakan’s Or Swing Nor. 4:30 nn Kaye's Or. Trufy American ~~ Kaye's Or. ae 4:45 ”» ”» » ” : ”» 2” : » » = KEY NETWORK STATIONS (Subject to change): Te

NBC-BLUE—=WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350. oF NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 3 'CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; MUTUAL—WOR, 710; WHK, 1390; WHEKC, "640; ii 1030; WSM. 650. -

BBM, 770.

CROSSWORD PUZZLE

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