Indianapolis Times, Indianapolis, Marion County, 25 April 1938 — Page 13

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* ANS QO 0 "7

MONDAY, APRIL 25, 1038

STOCKS HOLD FIRM “AT OPENING LOWS;

STEELS

WEAKEST

Pressure Light but| Buying Interest at Low Ebb.

NEW YORK, April 25 (U. P.).— Stocks dipped fractons to around a point in initial dealings today and then held steady in quiet trade. There was no special pressure on the list, but buying interest was at

a minimum. Steel shares were weakest. Bethlehem slipped off 13% points to 48 and steadied around that level, while U. S. Steel common opened 1000 shares at 45% and then reacted to 447% for 1% point loss. Coppers had losses ranging to a point in Kennecott at 34%. International Nickel was down a point at 46%. Rails had small losses. Atchison, New York Central and Southern Pacific had minor losses, while Pennsylvania firmed to a small gain after initial easiness. Farm shares eased with J. I. Case down 3 points to 76. Motors were soft, Chrysler losing a point to 44% and General Motors 3, to 31%. Westinghouse Electric was down 1% points to 75% and General Electric almost a point. Losses in other sections generally were ractional,

Today's Business At a Glance

GENERAL BUSINESS

National Lumber Manufacturers Association reports week ended April 16 lumber output of 523 mills 174,073,000 feet vs. 180,551,000 by 544 mills previous week; shipments 180,630,000 vs. 163,672,000; booked orders 166,748,000 vs. 153 936,000.

CORPORATION NEWS

Alles & Fisher, Inc., 1937 net loss $32,219 vs. $522 in 1936. American-Hawaiian Steamship Co. and wholly-owned subsidiary March quarter loss $165,053 vs. $589,067 year ago. Associated Telephone & Telegraph Co. (holding company) 1937 :.et income $566,873 equal to $7.07 a share

on combined 7 per cent and $6 first preferred vs. $117,338 or $1.46 in 11

1936. Hackensack Water Co. quarter consolidated net $223,728 equal to 64 cents a common

income

share vs. $244,700 or 71 cents year i

ago.

ended March €81 net income $3,170,510 vs. $3,815,861 year ago. Minneapolis-Honeywell Regulator Co. March quarter consolidated net loss $17,410 vs. net profit $406,468 equal to 60 cents a common Share year ago. New Jersey Power & Light Co. 12 months ended March 31 net income $1,338,082 vs. $1,236,056 year ago. Paraffine Companies, Inc., March quarter consolidated net profit $1,321 equal to 5 cents a share on 4 per cent preferred vs. $541,722 or $109 a common share year ago; nine months ended March 31 net profit $895,247 equal to $1.73 a common share vs. $1,785919 or $3. 60 year ago. Portland Gas & Coke Co. 1937 net income $192,224 equal to $3.13 a share on 7 per cent preferred and $268 on 6 per cent preferred Vs. $123,770 or $2.01 and $1.73 respectively in 1936. Superior Oil Corp. ‘March quarter net profit. $112,673 equal to 8 cents a share vs. $42,167 or 3 cents year ago; 12 months ended March 31 net profit $516,156, equal to 37 cents a

share vs. $126, 624 or 9 cents year ago. Texas Gulf Sulphur Co. Inc.

March quarter net profit $1,839,687 equal to 48 cents a share vs. $2,100,050 or 54 cents year ago; 12 months ended March 31 net profit $11,328,918 equal to $2.95 a share vs. $9,804,047 or $2.55 year ago. Virginia Iron, Coal & Coke Co. March quarter net loss $28,064 wb. $20,698 year ago. Walgreen Co. 6 months ended March 31 consolidated net profit $881,832 equal to 50 cents a common

“share vs. $1,260,719 or 87 cents year

ago. RAILROAD REPORTS

Gulf Coast Lines March net operating income $469,325 vs. $564,574 year ago; first quarter net operating income $1,181,791 vs. $1,617,279 year ago. Illinois Central Railroad Co. net operating income $1,055,715 vs. $2,227,120 year ago; first quarter net operating income $3,191,000 vs. $3,068,251 year ago. International - Great Northern Railroad Co. March net operating deficit $11,885 vs. net operating income $79,067 year ago; first quarter net operating deficit $100,655 vs. net operating income $46,718 year ago. Missouri Pacific Railroad Co. March net operating income $214,403 vs. $1,153,625 year: ago; first quarter net operating income $648,310 vs. $2,814,285 year ago. Tennessee Central Railway Co. March net operating income $11,974 vs. $48,219 year ago; first quarter

‘net operating income $27,350 vs.

$106,902 year ago. : = 1938. by United Press) Poultry—Heavy breed hens, 15¢; jLeshorn ‘hens, 13c; heavy broilers 1%-2%"} ‘Leghorn broilers, Yai ibs, 18c; roosters, 9c. Eggs—No. 1 strictly fresh country-run ; (each full case must weigh 55 1bs., gross; a net deduction of 15 cents for each ELll case under 3s Ibs. will be Jhade.

utter—No. 1, 27 : 250he, Butterfat—No. 1, 23¢; No. 2, ni

See Final Edition of the Times for

Closing Stock Quotations

March | 1

2 Metropolitan Edison Co. 12 months

bs., 2c: 8

9000 Receipts Forces Sharp

Swine Decline

With around 9000 hogs arriving for the week’s opening hog market, all weights declined unevenly and sharply from the close last week, according to the Bureau of Agricultural Economics. Local Killers started with 10 to 30 cents lower prices, pigs and light lights showing the minimum decline.

Shippers refused to follow, how- |’

ever, and after approximately 2500 hogs sold on the early schedule, sellers were forced to release bulk of the hogs at 25 cents lower figures on weights up te 220-pounds, with 220-250-pound butchers 30 cents lower and heavier weights 35 cents off. A top of $8.30 took limited numbers of 160-200-pound averages on early rounds, but the price later applied to 210-220-pound butchers. Packing sows lost 25 cents to bulk from [email protected] largely.

General weakness prevailed throughout the list in the cattle division, rei’scting a dull and lower meat trade. However, receipts around the main market circuit increased materially over a week ago. At mid-session, the trade in slaughter steers had not-been established, with most bids and indications 25 ig lower than last week’s lower close

~ Cows to sell at $5.50 and up also ruled ‘mostly 25 cents off as did bulls. Low cutters and cutter cows cleared steady to weak and all heifers held about steady with last week’s ‘late period. Most steers’ graded medium and good to sell from [email protected], a short car of good yearlings $8.75. A pen of strictly good 623-pound heifers brought $8.75, with most heifers [email protected]. Vealers held steady at $9 down. A few stockers and feeders went out at [email protected].

Light supplies of lambs included some improved qualities shown offerings and these at $7.65 were considered steady with the close last week. Other' shown lambs, which comprised most of the crop, sold at $7.25. Only odd head of slaughter ewes were available, selling at $4.50 down or unchanged.

5749 5197 4503 4325 1000 6046 6743 3912 5306 4977 1000 (140-160) Sook 2nd choice. .$ 7.75@ 2.40 (160-180) Good and c @ 8. (180-200) 8094 and Shoite. sa 850 (200-220) Good and choice 8.20@ 8.60 (220-250) Good and choice 8.10@ 8.55 (250-290) Good and choice.. 7.90@ 8.40 (290-350) Good and choice 7.75@ 8.20 Packing Sows— 3 -315) Good ...... rei 7.70@ 7.85 fee ealanioag 7.60@ 7.75 429-4 430) Goad on ; (37: 550) Medium reresheras F000 71 Slaughter Pigs : (100-140) Good nd choice.. 7.00@ 8.00 Medium .......... 6.75@ 17.75 TLE - —Receipts, 50— (750-900) Choice «.......... § (900-1100) Sa an (1100-1300) [email protected] (1300 1500) [email protected] (750-900) G 8.00@ 8.7 (900-1100) 8.00@ 9.0 (1100-1300) 8.25@ 9.2 (1300-1500) 8.25@ 9.2 (750-1100) 7 500 8.2 (1100-1300) diu 7.75@ 8.2 (750-1100) Common (plain) 6.150 7.7 Steers and Heifers— (550-750) Good ......... «i 8.00@ 5.75 Heifers (150- 900) Goo des ei. 8.75 - edium (650-900) Common 6:80@ 7.00

All Weights— Cows

Good .....ecniniiiaiie eesens 2. Megium Sesesiaveaninnsn. Na 7% Low cutter ‘and “cutter 5h 2 Bulls Yearlings Excluded (all weights) — 00d (beef): .. ......... 0.5L 5@ 7.25 (All weights) Medium ..... 6.25@ 7.00 Cutter and common ........ 5.50@ 6.25 oo Vealers ( weights) Choice ....... «s 8.50 .00 (All weights) Medium ....... . 0a Fy (All weights) Good .......... 6.00@ 7.50 Cull and medium ............ 4.50@ 6.00 Calves —Receipts, 25— (250-400) Choice ........... 7.50@ 8.50 Good ........0... 0 6.25@ 8.75 Medium .......... 5@ 6.25 Common. ...:...... 5.25@ 6.75 Feeder and Stocker Cattle BS 00} Choi os : (200-1030) Choice ois 0 5% (500-800) GOOd .e.eeue ) 7.25 (800-1050) GOOd ..cveoecevoss ) 8.00 (500-1050) Medium aQ 7.50 Common ...s..ee @ 8.75 Hea =750) Good and choice.. 6.75@ 7.75 Common, medium. 6.00@ 6.75

SHEEP AND LAMBS —Receipts, 25— Lambs. Sshorn)-

ICAGO. April 25 (U. P.).—Hogs— 17,000, including 6000 ne: gver; uly Eos] top,

ghoice, Ibs. $8.15@ eat Samosa io, 200-250 "ibe hy $4 # n - weights, $7.35 and. better. ¥els: teh: Catile—ReceiDis 13.000. includin calves; weighty steers 25c off; ne ai and light Steers weak to 25¢c down; largely steer run; feeders scarce: early top fed steers, oil: some held hi igher, Jew loads $9.25@ heifers steady to ood and nd light ods steady. 58% Sows. an vo) Jo, pote lower: clic 5 i accounts: offerings. | 25@50c lower; bulls A esa

veal Sheep—Receipts. 8000, including 1200 diNocts: te holed lambs fieady PR. now held. 5 and Thou pH Sows, clioped Janiby, T, Boa.

April 25 (U ao. nc owes. 38" direct: Hosa. ower, tradin t decline e: 50-275 Tbs. active 0

RBs 7 50: good packing or

Cattle—Receints. 1200; calves, steady at 25c or more off, small lot chan: round 1150-1b steers bulk ran steers and yearlings, 55808. 50; load 642-1b. mixed steers and heifers, $9; load choice

un spring $11: fw 3 uncies “tor ht 200d Hoo. ed Sn be Shoal. il Li ewes,

FH a3 0 own; short 'E. Apr > 2 (U.

fied hoi 1 2002320 5 Toa Cc lower = oh p aro 1bs.. toe. 5: o230 275 Te 7.90; 275-335 [email protected]; 16057. 5@8: BS On. 50 Soa: roughs,

po or: 85% Hos

et, AD > - 2. os na PERE ibe. $7 05° Head ~300 1 140 ibs...

seit

7.85: 300-~ $1.8; hl 6 Toi 31 $1.80:

GUI ONO OW

Boo um umohs. sas 95: Texs Blias Teh il : b os (less th

THE INDIANAPOLIS TIMES

Net Last Change

High Low Adams Exp .... 8% 8% 8% — Adaressparanh. 199s 19%s 19% .... Air Reduce ..... 46% 46% 463s a Pe Allied: Chem 14 a 145%, 145% — Ya Allis-Chal ..... 41%, 41% 41% —1 Am Br Shoe ... 34's 34Ys LH + % Am Car PX ia 35% 52 Case Am Chain & C. 12% 12% 12% — 7 Am Crys Sug .. 10% 10% 10a — 7% Am & F Pwr .. 3% 32 3 — Am Mach&Met 73 3% 3% ee... Am Metal ..... 32% 3212 32% —- Yi Am Metal pf ..10 105 105 ean Am Pwr & Lt 3 3, Ya Am_R 88 12% 12% 12% Seevy mRolIMill cv pf 70% - 70% T0% + Ja / Seating 1° 11 il. 4 Ys Am Smelt ..... 38% 38% 38% — TA Am Stl Fdies 22Ys 22% 22% — Vs Am Tob B ..... 70a 10% 10 — 1% Am Water W Ya 8 8% + Anaconda _..... 28% 28% 28% — 7a Asso Dry Gds : 6 6 Ys Atchison ...... 26% 26% 26% — ? Atl Rel ping 21% 21% 21% — Ta Atlas COrD ..... “3 9 Ton Aviation Goro « 3% 3% 3% — % —B— 3 tive 434 0 35 — 1 Bald 1% os. DY a3 5% — Ya Beld Hem ..... la 6Y% 62 fetty endix vn 12 2 + Ys Ben ind 117% 11% 11% .... Beth Steel ..... 4 48 a 1% Beth Fr 1 of 81% 87 877% — 5 Boe Air 7% 27 27% — Ya Bore: arner : 23% 22} a 2a — ia t Brass — Butte Cop & Z. 3% 3 3a — % Cl Can Pacific .... 6% 6% 8% — Ys Cent ‘Foundry » 3'a 3a 3s -— che A 0 6 26% 2% = % Se vau ies A 4's - 4% .... Sd case vse 44 44 — 1g CIT. "Moly Co ii 41% 41% + ba Column. Gas .. 6a 6 § —- 1 Com Credit 32 32 one Com Solvents 1 1 7 as Comwlith Edison 24 24 24 — Cmwith & So . 1 1% 138 — 15 Cons Edison ... 213% 21% 21% — 7% Cont Bak B 1% 1% 1% — Cont Can. ..... 0s 40% 40% ... Cont Oil Del .. 28%2 28% 28a — ¥% Crown Cork ... 29 29 29 avs Curtiss-Wr 4% 4% 47 .. — Deere & Co . 20% 20% 20% — D Lac 85% 5% 5% + Ya Douglas ‘Air . . 43%2 42 42Yy — 33 un Pont ....... 100% 100% 100%, — 1l2 —— Eaton Mig .. 135% 13% 13% — 3% Eitingon Sch .. 3's 3Vs 3g — i Elk-H Coal ... 1Ya 1s lls 4 a Eng Pub S ..... 4Y, 4% Ys — UY Ex Cell O ..... « 12% 12% 12% — % —f Dep St ... 18 16. 26 - 3% Froth veesse 16 15% 15% — % —G—. Sair Robt ..... 312 3% 3a — 1 Gen Am Tr ... 34% 34% 34% — % Gen Baking ... 1% T% 1% — Ys Gen Electric .. 35 5 35 — 3 Gen Foods ..... 26% 26% 26% + Ya Gen Motors ... 32 32 32 -— 5 Gen Refract .. 21% 21% 21% ... Goodrich ...... 14 14 4 — Y% Goodyear ..... 193% 19% 934 > Gt North pf .. 15%2 15% 15a — 13 Gt Nor Ore ....12 12 12 . Greyhnd Corp . 9% 9a 9% — Yi Greyhnd 5% pf 8% 82 8a — H— : Harb- Walk wee 21% 2% 21% ; Homestake vs 567 5612 56%2 4 ¥ Househd F .... 50ta 5012 50%2 .... Houston Oil ... 7 7 — Howe Sound .. 31% 3s 31%. — ee Ill Central .... 8% 8s 8s — Inspiratn Cop . 12 2 12 -— 1 Inter BR. T ..... 37% 37 3B ... Interlake Ire Ol 9% 9Yy — Ys Int Agric ..... 2% 2% 2% — a Int Harvester .. 60 0 60 —_ 1 Int Hyd El A . 5% 5% 5Ys == Ja Int M Marine . 27% 2% 2% i... int Nickel ..... 47% 47 7 — Ys In &T .... 8% 8Y, 8% — % Int T & T For. 8% 8% 8% — Ya wf Kresge SS ..... 17 17 17 . —— Lee Rub ...... 13% 13% 13% + Y% Link Belt ..... 38% 37a 31% — 1% Loft, Inc ...... 1% 1% 1% Oe. Lone Star Cem 38% 38%; 38% .... Lorillard ...... 1613 16s 16a + Ya Ludlum Stl .... 16% 18% 16% — % —— Marui 3 ee 2s 21Y, 21Y4 — % evs. 21 37 37 sues Ds ns 4; 4%, Ya i. McKesson Robb 332 33% 33% + Y Mesta Mach ... 36 36 6 nie Mo-K Tex pf .. 6% 6Y 6% — Ba Mont Ward ... 32% 32% 32% — ¥ Na Nash Kelv .... 83% 8% 8% — Y%

N. Y. Bonds

By United Press BOND PRICE INDEXES

By United Press 20 2 ' 20 6 Inds. Rails Utils. Bonds Yesterday ..... 79.5 54.1 91.4 5.0 Week ago ..... 8.0" 53.2 90.1 3.5 Month ago .... 79.4 54.6 90.3 4.8 Year ago ...... 92.2 95.5 102.4 96.7 Two years ago. 90.7 920.6 104.6 95.3 1938 high ..... 83.0 70.0 95.4 82.5 1938 low ...... 74.9 49.8 87.3 50.7 193% high ..... 95.0 101.2 106.0 100.7 1937 low ...... 80.1 69.3 92.3 81.1 1936 high ..... 94.8 1004 106.2 100.2 1936 low ...... 0.0 84.7 103.5 93.3

(Copyright, 1938, Standard Statistics Co.)

WwW TORE. April 25 (U. P.) Bonds

opened irregular. Oner on hee al Armour &o 4s '55 94° Armour Co 45-57 .. .....evve. 94 Atch el % Fe 45.'05 ....1. 193%2 W 48 .. .....orennses 17

+ 5° Chi Grt ; Ill Cent 49,5 Norway 4Vas oe Phelps Dodge 3s. Tenn Elec 6s Tokio El 6s

Curb Stocks

By United Press NEW YORK. April 25 (U. Plo uth

av diate —3 —Uy

stocks opened steady. e Open Change Am Cyan. B ...c..s00 esses 0%. — Ys Ark Nat Gas A .....cee0svesee 3a i... Cities Service .......coonseevs 1g — 3 Cons Cop MNS .....ccarainieis 4% CO... Cy Te — Ya Lake Sh Min .. we Niag HP. ...... “ed Tec schnjcolor Cees en Un Lt & P A —_ Ya

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.)

The following quotations do not represent actual bids or offerings. but merely

indicate the approximate market level ased on buying and selling inquiries or recent transactions. BONDS . Bid Asked American Loan Co 8s 46-51 ... 95 98 Citz Ind Tel (TH) 4'%s 61 ...102 105 H Tel & Tel Pt W 5'%s 55 ...103 105 H Tel & Tel Ft W s 43 ...104 106 nd Asso Tel 4%s 65......... 104 106 nd Tel Co 55 60. .... ....... 95 98 nd Railway Inc 5s 97 ........ 41 44 nterstate Tel & Tel 5%s 63.. 86 89 ndpls Water Co 3'%s 66 ....102'%2 ..... Kokomo Water Works 5s 38 ..102'2 104% Morris 5 & 10c Stures 5s 50... 98'2 101 Muncie Water Works 5s $s . 1022 0. Noblesville HL&P 5's 47 ....100 103 Ohio Tel Service 6s 47 ....... 98 100 Pub Tel 43258 65 .........¢0... 98 100 Richmond WW 5s 57 ....c.0. 103%a 105 Seymour Water Cc 58 49 . ja 103 T H Water Works 6s 56 ..... 00 102% T H Water Works 6s 49 ..... 101 103 Trac Term Co 58 57 ' ....... 49 52 CKS Belt RR St Yds com ......... 49 51%2 Belt RR St Yds pfd «.eoco.us 80% .. Cent Ind Pwr 7% pid ....es.. 4 17 Home T & W 7% pfd.... 505 53 Hook Drug Inc com ....... 13 14 Jod MIC 1% «+. vviicoves 07 us d Gen Serv or A 101 104 na Hydro Elec es review 212 45%; Indpls Gas com .. Cre srsene sere Nl Indpls Pwr & Lt ae 6% cove. 77 81 Indpls P L6%% ... ....... 84 88 Jane Nat Life Ins 2212 25% N Ind Pub gefy Co pfd $%a%. 4512 49% N Ind Pub Serv 6% .......... 53 56 N Ind Pub Serv 7% cesisrn ais 5812 61% Pub Serv of Ind 67% ......... 15 18 Pub Serv of Ind 7% ......... 27 30 Progress J.aundrv Co co 2 14 x8 Ind Gas & Elec toa pid. . 81 Terre Haute Ele Co 6% ..... 93 96 ‘Union Title Co com ......... 22 25 Van Camp Milk Co of ...... 55 60 Van Camp Milk Co com ..... 10 11%

(By M. P. Crist & Co.)

d | Market St. Snyesiment Corp.. 21.43 . 23.04

xEx-Divid

CHICAGO PRODUCE

Eggs—Market, steady; receipts, 36.395 cases; fresh graded A cars, 19%c: less than cars. Cc: ts. 15% S, ac: less than cars Jo Ter “checks irt 186: 1 s

current Jegents ame Pasited rsts, 136 SO ptariies, packed exButter—Market. steady: receipts, 763.523 S: tra ts -911 sigte pmed, pied fim HL ort) 31h ae ize

standards. 217 Tihe: Soe lized its Ro contralized (88 Score), oultry—.

: giane trucks: yoIa jaar: se Seints 3

arket 1 s, Sate lc: hen Re Ban. Paes orn

hens, a ers, 24 2 bro fers, Se th ese—Twins. A daisies. 13%

TNS. mode rate: demand, et ire

: Dake ta hy p 2 a vt Alab ae and. 1 ouis ian aL =

@1.18:

er.

:* | Clearings

NEW YORK STOCKS

By United Press

Net Last Change

High Low t Aviation .. 8 8 * 8 — Not Ayjatios 13% 13% 13% — is Nat Gypsum .. 7% TVs Ve — Ya at Lead .... 21% 21% 213, -— Nat Pwr&Lt .. 6% 6% 6% — Ya Newport Ind .. 14 14 14 —_ 1 N Y Central .. 12% 12% 13% — 3% Norf & West ..150 150 150 +4 2% No Am Avn . 9 9 ves Ri Oiho Oil’ ...... 12% 12% 1233 — % Oliver Farm Eq 23% 24% 5, — ig Otis Elev ...... 20% 20% 20% 4 Ya —Pa Pac Am Fish... 186% 16% 16% Ys Pacman. 2B BR oy ar C — 4 Para Hit 10l Be hv Bu 2

RAIN REPORTS, LIGHT EXPORTS

Black ‘Rust Prospect Only Check; Corn Prices Fol-

east and west in southeastern Texas wheatlands. Some buying was based on Donovan’s report. It was reported in Winnipeg today that a snowstorm starting in Saskatchewan Friday and which became a blizzard Saturday, has become a barrier to spring seeding. Because of the time, most farmers can hope only fo plant a partial crop, ‘the report said. Corn prices weakened under pressure of weakness in wheat. Selling was rather general throughout the day. Export demand was absent. News of importance to corn trad-

| ers was conspicuous by its absence.

WAGON WHEAT t n elevators are paying for No. 2 oy Tans ther Zrades on their merits.

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

ARGENTINE GRAIN

BUENOS AIRES, April 25 (U. P.).—Grain futures opened steady.

Laat Moy 99%c, up Vacs | June, u $ or a 66%c, WISE: June, 65¢c, unchanged. Oats—May. 31%c, unchang Flax—May, $1.27%, Ranged od: June,

$1.27%, unchanged.

LIVERPOOL WHEAT (U. 8. Favs: AN on Sterling

igh Close May ........ $1. Te $1. on $1 09, Ve. 5k 04Ys JUIY c.aieens 1.03% 1.01% 1.017% 02% Oft. vvuovses 1.0 is 98% 987% 199 Ya

DAILY PRICE INDEX

NEW YORK, April 25 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Saturday .........avesss00.. 108.93 Week 880 .....vsn0ssrensees. 100.28 MONth 880 ......oassnesseass 110.54 Year ago ......... wessesvess 150.06 1938 high (Jan. 10) ..ceeess.e 117.06 1938 low (April 5) .......... 108.39

FOREIGN EXCHANGE

NEW YORK, April 25 (U. P.).—Foreign exchange irregularly higher. Following are noon cable rates on foreign currencies:

et Cable Rates Change England (pound) Sa 99s 002 Eng. (60d. bill rate) 4.9872 4.00% Canada (dollar) ... .99% : France {iranc) 0310% +. pHi Italy (lire) ....... 526% . 2h 0000 Belgium HM bela) 85 Germany (mark) 4022Ya 000% Ger (travel mark). 15 —.0010 Switzerland (franc) .2300 <4-.0001 Jolland (guilder) 572 ~+.0005% Sweden (krona) ... 573 ~-.0001%2 Jorway (krone) ... 509 .0002 Denmark (krone) . 2229 <+.0001% Australia (pound) . 3.99% +.00% Czechoslovakia (koruna) cees 0348% sees Finland (markka) . .0222 case Greece (drachma). .0092 cere ugoslavia (dinar). .0235 sive ew Zeal. (pound). 4.02% +4003 Poland (zloty) . .1890 eile Portugal (escudo) 0453 % ive Rumania (leu) ... 0075 py Argen. (offl. peso) 3328 +.0003 Argen. (unof. peso) .2630 eee Brazil {mjireis) ... .0590 vane Chile (peso) ....... .0400 oss e-u (s ob) rei .2425 weiss Uruguay .4300 id Mexico sty 0) Ssor .2425n —.0075 Hongkong aol lar). .3110 4-.0012 Shagnhai (yuan) .27900 -+.0015 India (rupee) . ... .3740 —.0004 Japan | 2910 4.0001

Jen) wee n Nominal; o offered.

U. S. STATEMENT

WASHINGTON, April 25 (U. P.).—Goyernment expenses and receipts for the current fiscal year through ait 22, com-

pared with a year ago This Yea Year Expenses ..$6,218, 340. fo. 26 $6. 600,466.58 Receipts 5,021.5 0.33 4, 005, 192,384.88 Gross Def. 1 196.083 448 93 2.086,408,081.70 et Def... 1,139,124,698.9 .992.909.831.7 Cash Bal.. 819,142,999.22 1,708,461,607.19 Work. Bal. 2,245,322,1 690,689,370.27 Pub. Debt '37,565.036,607.68 34,883.559.777.

97 | Gold Res. 12,847, 432.420. 27 11,760,239,357.62

308,757,638.37 385,480,551.06

INDIANAPOLIS CLEARING HOUSE starr arr reais ery. 2 332 2 oo

Customs

Debits

Clie e iret esas iia.

FOOD PRICES

HICAGO. April 25 % Ph reli

Michi an Mcintosh.

es. ers, Jaz a: Lom TRY arket (50- Jb:

sacks): Bermuda: qs, $1. 56@

1.75: Oregon 5. mel Dan

RAILROADS PREPARE FOR RECORD CROP

WASHINGTON, April 25 (U. P). —American railroads are hurriedly initiating plans to handle the largest winter wheat crop, except one, in the last 15 years. The crop has been estimated by the U. S. Department of Agriculture at 725,707,000 bushels, which would be an increase of 6 per cent over last year’s production and a third greater than the average for the last 10 years. ; The Association of American Railroads = states that Southwestern carriers will have tp accumulate and | © store from 40,00 to 50,000 box cars especially suitable for grain loading, because of the tremendous volume of production in this territory within a short period of time. To accu= mulate this supply within the next 60 days, orders have been issued fo

BREAK WHEAT:

3 their » a

Net, Last Change

High Low Peoples Gas ... 29 29 29 ‘ina Phil Morris .' 88 88 — 1% Port Ric Am A. 4% 2% 2 vers Pure Oil ...... 11 10% 11 — % * —R— dave 6% 6Ys 6Ys oo: Radio pf N . di 482 48% — Ya aybestos ..... Vo 19% 19% + Ya Republic Stl an 143 14% — % Reyn Tob 38 38 8 —-_ 2 ichfield Oil .. 6 6 avs’ li Schenley Dist Pf 4 4 4 “ese Sears Roehuek - 8% 58% 58% + Ye pprvel Ine od 12% 12% .... Shar D’ Say a 4 4 ves Sheil vr Oil .. 13% 13% 13% — Y Silver King ... 63% 614 62a — Ya Socony Vacuum 13% 13% 13% — 7% So Am 1d 2% 2 2 —_ Ys So Cal Ed 22 22 22 + Ya South Pac ..... 12 12 12 — 1 Sperry Corp ... 20 19% 19% — % Spiegel Inc .. 8 8 8 ae Square-D ..... 18% 16% 16% — ¥% Std Brands 7% Ta Th + U Std G&E « Va 7% 1% — % Std Oil Ind «31 31% 31% ... Std Oil NJ ... 48% 48%, ' 48% — % Stew-War ..... 8% 8Ya 8% 4 Stone & Web 8% 8% 8 — % udebaker 5%, 5% 5 ceva nolL a... 497, 49% 49%: + % Sunshine Min . 11 11 11% — Y% Superior Oil ... 212 3 sh... Swift & Co ... 17% 17% 17% ...s Te Texas Cor .. 30%: 39% 30% — 3% Texas Gulf Pr.. 3% 35% 3% wel T&PC&ZO ..... 8% 8% 8% — Ya Thermoid ..... 3 3s 3% — Time D xle . 10 10 10 -_ 20th Snlhe, 22 22 22 sess

i 1 Und Ell Fish . 50 50 —1 low Major Grain. Uns Alrcraft Gp 8s 28. 8 —'u : United Corp ... 2% 2% 3% .... Inncals tm ‘om no CHICAGO, ' April 25 (U. P)—|U Sind Alc... 167 164 184 — 3 '| Wheat broke abruptly on the Chi-|Y § Bubber --- 2008 81 dss — 13; cago Board of Trade today, weighted | U S Steel pf ...100 > 100 00 — 1% down by reports of rain in Nebraska —- 2 and Kansas and lack of appreciable Valet on soo 0% 13% 25% == 3 ‘| export demand. — According to reports, scattered | Wirt, BOER ot oF J I sections of Kansas and a large slice| wayne Pump .. 2¢ ~~ 24 Hl, of Nebraska today . received good | West Alri 3% 2% Mex rains that will be of great help in| westin i 5% 8% 73% —a carrying the winter wheat crop wilys Overland or Sh 3% vy through to maturity. Selling, which —Ye had started early. on a great lack] yellow Tr ..... 12% 12% RBs = » of export demand, accelerated at| Young Stl Dr .. 15% Va 4 2 midsession and shortly before the close prices were more than a cent BANK STOCKS lower, : Bid Asked Only brake on the decline was| Bank of America .. ieervesaesss 42 44 the report from H. C. nx Bankers New ork secon Chicago crop reporter now in e | Brookl rus Southwest, that black rust had|Sghtcel Hanover begun to attack Texas wheat and nL I a today was present on a wide front| continental .....

Corn Exchange .

Empire .......e.0 20 Pirst National ..... Guaranty sssveennsens 224 Irvin cesesse 11 2 Matutacturers ce asnee 2 58 National Sy 3 vein ssesssess 24 ®ie Sb. sesses saseses Public or ™ Jesesenensean 33s 26% Title Cauarantee 4% 5%

STEEL PEAK REACHED

CLEVELAND, April 25 (U. P.).— The steel market apparently has reached its peak for the first half of this year, the magazine Steel said today. Buying shows no indications of gaining in volume and production promises to continue around its present level at least for the immediate future, the trade journal explained. “While inventories of steel consumers have been reduced materially, some having cleared their accumulations, a survey by sellers reveals that stocks are still large in the case of others,” Steel said.

FARMER, 69, BEATEN T0 DEATH IN HOME

Motive Sought in Slaying Near Connersville. -

CONNERSVILLE, April 25 (U. P.) —Authorities today sought a motive for the brutal slaying of Joseph Schoenfeld, 69-year-old farm-

er, whose mutiliated body was found |

yesterday in the bloodspattered kitchen of his farm home. Coroner H. W. Smelser said Mr. Schoenfeld, who lived alone, had been beaten on the head. His skull was fractured in two places. There were 12 holes in his head and his face was battered.

Mrs. Joseph Schoenfeld Jr, a daughter-in-law, discovered the body slumped over a chair. She

told police all the doors to the house were locked. > A kerosene lamp and burned matches on the floor of the kitchen indicated the slayer may have attempted to set the home on fire before fleeing. | A billfold, in which Mr. Schoenfeld was said to have carried large sums of money, was missing. Coroner Smelser said the farmer probably was slain just after arising or answering a call at the door. Schoenfeld’s wife died three years ago. One son, Joseph Jr. lives on an adjoining farm; another, Arthur, in Mishawaka. One daughter, Mrs. Virgil Moore, resides in Connersville,

PODIATRISTS END CONVENTION TODAY

b Trip Is Planned Through

Eli Lilly & Co.

A lecture by Dr. C. H. Verovitz of the Ohio College of Chiorpody and a trip through Eli Lilly & Co. were to close the 16th annual convention of the Indiana Association of Podiatrists today. Dr. Conroy S. Filiatreau, Indianin- | apolis, was chosen president-elect. Other officers named were Di. Harry Custer, Mishawaka, first vice president; Dr. Mabel Prettyman, Indianapolis, second vice president, and Dr. Lillie Clements, Indianapolis, secretary treasurer. Named to the board of directors were Dr. Howard Dill, Ft. Wayne; Dr. Howard Weizner, Elkhart; Dr. S. P. Osborne, Ft. Wayne, and Dr. Harry Fraser, South Bend. Elkhart was chosen next convention city. Retiring president is Dr. R. S. Hackett and the president now taking office is Dr. E. W. Cordingley, Clinton. President-elect Dr. Filiatreau will take office next year after serving as board of directors chairman. The association voted to establish committees which will disseminate information about the association and its work among Schools and other groups.

FINANCIAL LEADER DIES WASHINGTON, April 25 (U. P.).

—Funeral services will be held here | today for Charles Sumner Hamlin, |

76, Assistant Secretary of the Treasurer under two Presidents and

| first Governor of the Federal Re-|

| George, a patriotic group, in Gros-

TONIGHT 6:00—Connie Boswell, CBS. 6:30—Margaret Speaks, WIRE, 7:00—~Radio Theater, WFBM. 7:00—James Melton, WIRE. 8:30—Eddie Cantor, WFBM.

8:30—Burns and Allen, WIRE, 10:30—Bob Crosby, WIRE.

# » #”

Notre Dame University will have a world-wide reunion via radio tonight (16:15 p. m.,, CBS-WFBM). Alumni clubs in India, Rome, the Philippines, Paris, Mexico City, variqQus South American countries and 11 of the United States will join in the 15th annual Universal Notre Dame night. The Rev. John F.O’Hara, university president, will be heard from Washington. John McCormack is scheduled to be heard from Hollywood, and from the Notre Dame campus, Elmer Layden, athletic director, and various musical groups. f i” ®

J § \America will hear the voice of Anthony Eden, Britain’s former Foreign Secretary, at 1:35 p. m. tomorrow (WFBM locally) for the first time since his resignation. He will address the Royal Society of St.

venor House, London. Rep. John O’Connor (D. N. Y) will be tonight's featured speaker in the national political field. ‘He is to be heard during the National Radio Forum program (NBC-Blue,

RADIO

Fresh from a sports broadcast Saturday, Franklin D. Roosevelt Jr. will be back on the air tonight as guest of “Men's Show” on NBCWLW, 8:30 p. m. Another visitor will be Gertrude (“Susan and God”) Lawrence. : » ” ” A So far as is known now, the Eddie Cantor show will be on the air tonight (CBS-WFBM, 8:30 p. m.), though its star is ill with influenza. Scheduled guests are Lucy Monroe, the Metropolitan Opera soprano, and Mrs. Marie Manning Gasch—Beatrice Fairfax to most of us. : Meanwhile, at 7 p. m. on NBCRed, there will be a dramatization of Victor Herbert's life—~with music. | And there is some connection between these two programs. Back in 1900, Mrs. Gasch began writing her advice to the lovelorn column under the name of Beatrice Fairfax. By the time Herbert got around to writing “Babes in Toyland,” she was so famous that the composer included a song in the score called “Just Write to Beatrice Fairfax.” Miss Monroe’s mother, Lucy Laughlin, was in one of the operetta’s early Productions, 2 ” Music's hm age,” the 19th Century, when an unprecedented array of musical giants walked the earth, will be considered on tomorrow’s “American School of the Air” program (12:30 p. m,, CBS). Music by Schubert, Mendelssohn, Chopin, Berlioz and Liszt is scheduled for

8:30 p. m.). Confidence as a way | performance by Bernard Herrmann to business recovery is his an-|and the Columbia Concert Orchesnounced theme. tra. = ” ” 8 » » THIS EVENING (The Indianapolis Times is t - nouncements caused by station Er ior aaateuracies . viegram an INDIANAPOLIS DAN AOL INDIANAPOLIS CINCINNATI SacaGe (CBS Net.) (NBC-MBS) (NBC-MBS) (MBS Net.) Souyeniss Baseball Dick T ill Boake BE Force Pare Jack AF Agmatrone Jouraers’ Tea Tunes “Not Right” Lowell amas Orphan Annie 1" 3 Music Hobb: arihur, Godfrey Uncle Esra y Ussnmouneed FAAS i Rohem Dick Traey ” 22 Bob Elson Orphan Annie Boake Carter Bologini’s Or.

mL {QB LET dL BLE

ally

On the air Mondays — Eddie Cantor. Daylight saving brings

PAGE 13

aadarel | ARDS | ATG | Em

:00 :15 :30 45 :00 15 :30 :45 00 Osborne’s . o . - : " Osh ore! 00g s I Jones’ Or Burns Allen I Jones’ or. pe Pick & Pat Firestone Firestone, Lone Ranger | 00 Radio Theater 1 Ho Tn {ames Jyelion Unannounced Crosby's, Or. 2 » » Modern ,Musie Mysteries . Bolozint s Orci. §:00 W. King’s Or. Centented True-False False-True 3:20 Eddie Cantor Burns-Allen Men's Program Weber's ,0r. 3:0 Entertainment Amos-Andy Amos-An y = » 118 WS . Franklyn Dance Or. ‘ 9:30 ports Baseball N if . d A 9:45 Unannounced Unannounced Buste : or Pagche 5900 10:00 ew! Norvo’s Or, P. i y , jus gor Dame » ”- Unannoyneed Noryo's Or. +] ’ 9 10:30 ee’s Or, Crosby s Or. n y Crosby s, Or. 31:00 Noone’s Or. Tueker’s Or. » » Tucker's, ,or, 3 158 Gendren’s Or. Keating's Or. " » Keating's Or. TUESDAY PROGRAMS INDIANAPOLIS INDIANAPOLIS CINCINNATI SHIC 1 BM_ 1230 y WIRE_1 Crease (CBS Net.) (NBC-MBS) (NBC-MBS) (MBS Net.) 6:30 Early Birds Devotions Pi 6:45 4 44 News Revelers Muze Bex 7:00 3 ” Musical Clock Merrymakers B= ro: HO Peter Grant ¥ Anbey 7:45 . News Experience. »:jindighy 8:00 Kitty Kelly Mrs. Wigg Hymns C - aff Mls oGuWE MEG er if orning a ain Bi - 8:45 Stepmother Woman in White Bett; y-Babr® Ca 9:00 Milky Way David Harum M i 31s a ron Strings Backstage Wife Goldher ae Glare rt gz Sister : orum ello Peggy : 9:45 Real Life Linda’s Love Kitty Keene SE ig 10:00 Mary McBride Dessa Byrd Dr. Fri ndl, lo:13 Me! Jody Paipte N ” id @'Nei ily . oo Beauty 0 Clinie : S arre ews ~weatihe! 10:45 Party Line Farm-Home . Pon East 11:00 Medal Hour Welk’s O. M ” a rT Babe oie BEDE : S @ s 11:45 nom» Farm Hour Pexgy Tudor eS 12:00 Farm Bureau i ” Linda's L ‘H. 12:15 Farm Circle n i Hilltop House Bivonner 12:30 Bohemians WIRE Reporter Unannounce une Baker 12:45 * Headlines ” 4 en Salvo 1:00 Tin Pan Alley Police Court Penver Young 1:15 " n Goodwill Hatiertields Bersvbosk 1:30 Anthony Eden Unannounced ” ” 1:45 2” 1" Varieties Guiding. Light Leadoff Man 2:00 Health Lorenzo 2 arding’s W PE Dn... EE A 2: one sree! n 2:45 House Questions Baseball Life Road ” n 3:00 Jack Shanpon a” n ouseboa ” ” 3:15 Famous Homes n ” ary "Southern 2” 1" 3:30 Let's Pretend ” ” Singing S ” ” 3:45? ” 98 Editor’s Daughter ” ” 4:00 Hall's Or. ” ” Dick Tra Bill 1:18 ” ” 3 » Jack Armatrons a Hiaasen 4:30 Boake Carter Terry-Pirates Paul Douglas Chane: Chan 4:45 Tea Tunes Yes or No Lowel omas Orphan Annie KEY NETWORK STATIONS (Subject to change): .

NBC-BLUE-WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350. NBC-RED—WEATF, 660; WTAM, 1070; WWJ, 920; WMAGQ, 670. CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 778,

MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 650.

Eddie at a new time in many localities. Look in your local newspaper for your correct

doy

Hear Benny Goodman’s Swing Band “go to town.” Every Tuesday at 8:30 pm E.S.T. (9:30 pm E.D.S.T.), 7:30 pm C.S.T., 6:30 pm M.S.T., 5:30 pm P.S.T., over Columbia Network.

TRY A WANT AD IN THE TIMES

THEY BRING QUICK RESULTS.

U.S. GOLD T0 BIGOTS NAL BRITH TOLD CROSSWORD PUZZLE ; . * 4 Thinking 0 19 Not subjest . » "ge apparatus : 0 N | N A V Organizatiofi Initiates 100 ured ere ILIAIRLIGT LIDIAL [CIEE ,, tention. At Dinner Here. 81t is a large |P SIAL [ERHIAIREM] edge. mass of 5 TIEISIMIE IN 23 Its surface is TIED TIAIDERCIA composed of Bigotry and intolerance cannot NEVE wen | IRIE LI LY EISIEIL ridges and flourish in the United States, Alfred | 12 Series of TiC \ , L —— M. Cohen, Cincinnati, BNai Brith| large waves. [ERIIPONS [RIAN ‘24 One who international president, told 600] 13 Years be- HA snubs. members and friends at a testimo- tween 12 and Lil Sit R a Boundary. nial dinner at the Columbia Club 20. AlL Oo H EDIE ry. last night. t4 Born. dl ClAIN 2 Bas, “The history of America proves | 16 To fondle. : 0 let. that it has always been a champion | 17 Court. 43 Botch. VERTICAL 33 Flying mame of religious liberty and freedom,”| 18 North 45 Transposeo 1 To exist. mal. Mr. Cohen said. “At present the . America. 46 Want. 2 To declaim. 34 Ruby. Government, for the first time in| 20 To perform. 48 Venomous 3 Era. 38 Garden toon history, is asking the other nations| 22 preposition. 4 Branch ot 39 Fervor. to join in protection against perse-| 94 tniquity. snakes. theology. 42 Pope's scarf, cuion. Culture and the growth of | 951, wander. 50 Groan. S Northeast. 44 To eject in civilization only can flourish in a 27 Malice. 52 To register. 7 Neuter a jet. Sven spoke preceding ini-| 30Comesin. SSHorse's food pronoun, ~~ 46 Convulsive tiation of a class of 100. He was| 32 Uneven. 57 Tiny particle. §Divided bya tic. presented with a volume of testi-| 33 Sack. 59 Lubricant. partition. 47 Three. monials by Louis J. Borinstein, gen- | 35 Festivals. 60 Cougar. 9 To observe 49 Identical. eral chairman and toastmaster. 36 Child's napkin 61 It is inclosed 10 Until. 51 Rowing toon, Rabbi Morris M. Feuerlicht gave| 37 Gymnastic bar in the —— 11 Electrical 53 Name. the invocation and the Indianapolis| 40 God of sky. 62 It consists of unit. 54 Salamander. degree team, directed by J. B. Kam-| 41 Road. - gray and 15 Nude. 56 Sailor. mins, was in charge off initiation.| 42 Authoritative white —= 17Its largess = 58 Note in scale: Edward Cohn, Indianapolis Lodge sanction. (pl.). division is 60 Point. 58 president, presented greetings ay from his group. | 3 rey——— COUGAR HUNTERS BUSY l > DUNCAN, British Columbia, April 25 (U. P.).—Neil W. Smith and Al- 6 bert Holman, veteran cougar hunters of Westholm, bagged five of the big cats here, and all were over 10{ days old—the minimum age limit for payment of bounty. T 2 NEEDS 5¢ ’ A SAFE DEPOSIT BOX ar ALL SIZES fa MODERATE RATES os i Qo : AMERICAN NATIONAL BANK * Southeast Corner : PENNSYLVANIA & MARKET STREETS a : ‘ et Ca Gan Eats dco 3 oes fii ah oy i i 5 4 i Aa

time — over Columbia Network.