Indianapolis Times, Indianapolis, Marion County, 26 April 1938 — Page 13

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TUESDAY, APRIL o%,

1938

MIDSESSION RALLY PARES EARLY DROP; UTILITIES STRONG

Recovery Stimulates

Moderate Trade Increase.

NEW YORK, April 26 (U. P).— Stocks slipped off fractions to two points in dull dealings today and then came back in a midsession rally to halve the losses under lead of utility shares. Trading picked up slightly on the recovery. Consolidated Edison spurted about a point to above 23. North American ‘recovered an early loss and made a small gain, while most other power and light shares were firm. Public service of New Jersey rebounded a point from its low to 2872, up 1% net. -Rails also-met fair support, Chesapeake & Ohio maintaining most of an initial point gain, while most other carriers held at or slightly above previous closing levels. Steels met good support and moved up to small gains at midsession. Chrysler sold at 43%, off 1, and then came back to 44, while General Motors was down fractionally. Westinghouse Electric recovered to 75%, off 12, after selling at 74%, and General Electric cut down an early point loss. Du Pont rallied from 100 to 101, off 3% net. Farm shares were easy with Inter--national Harvester down more than a point. U. S. Gypsum was down almost 2 points. Coppers were relatively steady at small losses. ”

Today's Business At a Glance

GENERAL BUSINESS

Dun ‘& Bradstreet reports week ended April 21 business failures in United States, 226, lowest since week ended Dec. 23, vs. 278 previous week and 191 year ago.

CORPORATION NEWS

American Hide & Leather Co. nine months .nded March 31 net loss $450,414 vs. net profit $291,818 year ago. Black & Decker Manufacturing Co. and subsidiaries six months ended March 31 net profit $154,632 vs. $443,675 year ago. Lambert Co. March quarter consolidated net profit $390,001 equal to 52 cents a share vs, $447,378, or 60 cents year ago. Louisville Gas & Electric Co. (Kentucky) 12 months ended Feb. 28 consolidated net income $2,990,602 vs. $2,881,042 year ago. : Merchants & Manufacturers Securities Co. fiscal year ended March 31 net income $557,051 vs. $422,239 year ago. : National Gypsum Co. March quarter net profit $112,176 vs. $172,915 year ago. Northern States Power Co. week ended April 23 electric output 24.674,851 kwh, up .1 per cent from year ago. Stewart-Warner Corp. and subsidiaries March quarter net loss “$215,166 vs. net profit $841,257, equal to 67 cents year ago. Yale & Towne Manufacturing Co. March quarter net profit $5,096, equal to 1 cent a share, vs. $390,425, or 80 cents year ago.

RAILROAD REPORTS

Atchison, Topeka & Santa Fe Ry. Co. March net operating deficit $521,377 vs. net operating income $1,531,433 year ago; first quarter net operating deficit $2,649,180 vs. net operating income $3,838,529 year ago. Chicago, St. Paul, Minneapolis & Omaha Railway Co. March net operating deficit $22,401 +s. $50,027 year ago; first quarter net operating deficit $255,474 vs. $485,494 year ago. New York Central Railroad Co.

March net operating deficit $36,918 | cull

vs. net operating income $6,284,476 year ago; first quarter net operating deficit $1,798,743 vs. net operating income $13,183,938 year ago. Pennsylvania Railroad Co. March net loss $323,493 vs. net income $3,-

029,378 year ago; first quarter net |S‘

loss $4,250,042 vs. net income $5,148,165 year ago.

DIVIDENDS

‘ Ford Motor Co. of Canada, Ltd. regular quarterly 25 cents on Class “A” and “B” payable June 18 record May 28. Sears Roebuck & Co. quarterly 75 cents payable June 10 record May 10 vs. like payment March 10. (Copyright, 1938, BY United Press)

DAILY PRICE INDEX

+ NEW YORK, April 26 (U. P)— Jun & ‘Bradstreet’s daily weighted rice index of 30 basic commodities ? fompiled for United Press. (1930-32 equals 100): Yesterday (new low). ........ 108.36 Week Ago cussesseses 10872

: Month Ago Ss ar sss 110.30

Year AZ0 ..........veesssese 100.25 1938 High (Jan. 10) .¢.ces.. 117.06 1938 Low (April 25)

. CHICAGO PRODUCE

' Eggs — Market, steady; receipts, 38; 598 firsts, cars, 1974c; ; extra’ firsts, cars, 19%c; less than cars, 19%ec; current receipts, 17%c; dirties, 16¢; stor-age-packed irsts, 20%c; Solas paskad extras, 20%zc. Hon fer—Market, unsettled; 3 Sross 3 unds; extra firsts 00-9175 Tas a 3 ae: extras (92 score)

receipts,

6c, firsts, 310; seconds, 21@31%ec: ia ya ise: standards, 25c; centrali (89 score), 23%c; centralized (88 soore), ae P — Market, steady; receipts, 38 iy Faucks, 1 13@17c; geese, 14c; hens, Bek isc; Leghorn hens, 17%ec; spring ckens, roosters, 13%¢; yas

Baits 32@34%¢c; turkeys, 15@ Cheese—Twins, 13% Rae daisies, 13@

14c; longhorns, 13% es tatoes—Supplies, . moderate; demand, Ho market, dull: Idaho Russet banks 3 $1. fai, 45; 45; Colorado F Red McClures,

oun 1.25; Michigan Russet Rursls $1.25. Stock—Supplies, moderate; demand, ow market, steady; Alabama B $1.75; Louisiana Bliss A aman $1 195@3. exas

ump a on 65; on i 22 shipments,

FOOD PRICES

CHICAGO. ril 26 (U. sw Ap Mi n SicTanosh. sal 50. Pes

toes—Tennessee, bu. hampers, or Loar. 25. Carrots—Illinois, bu., 25@35c. Spinach — Texas, bu., 35¢c. Tomatoes — Slorida, ugs, 5 @2. Cau wer — Cal ia, CX, lifornia, ham

eeeueess 108381000

THE INDIANAPOLIS

By United Press —A— - TOCK Net A. Net DOW-JONES STOC AVERAGES a Low Lov Chenge High Low Last Change 30 INDUSTRIALS Thomp, Star i —- Alaska Jun .... 10 10 10 aes Yesterday .....ccocconchvinnss 116.23 —1.41 Tgeg I. i 13 - a 5 Allied Prores . 5% 5% S% — Ya|Week AZO ...cccesecssnecnnes 116.34 —2.65 h Cenlt-Fox. i 2 — 3 Tys sens Month ago . 101,92 —-5.33 a : Am Loco ...... 19% 17% 173% .... 3 Am Metal ..... 30% 30% 30% — Y YeAT BRO + «svssssssssarnssses 174.52 4-2.55 Union Car at 8 . ge 1 Am Pwr & Li. 47% 47% 4% + Va| High, 1938, 134.35; low, 98.95 on Bax Tp 2% a 2 Am PXL 6 pf... 26'2 268%2 26% +4 Ys| High, 1987. 194.40; low. 113.64, 8 Realty..... 4Y a 9 — 1 Am Rad & SS. 13 13 13 +% : Rubber 21h 2 21% + % Am Sugar pf..108 108 108 .... 20 RAILROADS 7% Ee 2k 8 45 : Am Tob B 0% 70% 70% + Ya|Yesterday .....cceecccceccces 22.00 10.02 |G © steel Li 99%; 2a 99% esas an pe BN 3% 3s 3% + 1 Week RED <ccosessssssssssens 21.35 —0.30 a 8 en ses . -_— Anaconda ..... 28%; 28% 28% — | Month ago ... » > 13 Vanadium i 1% 15% % Arch Dan M... 24% 247 247 — is] Yesr ago 96 +0. : Armour Ill .... 4% 4% 4% — Ys| High, 1938, 32.33: low, 19.00. Wabash nf A. 2 vy He Su ] Asso Dry Gds.. 5% 8% 5% — %| High, 1987, 64.46: low, 28.01, Westing EI ... 4 BE BE = avy PP y Rpe 20 UTILITIES Ry. : : Balt & Ohio .. 5% 5% 5% ... Yesterday ..c..cccocoveennnces 18.61 —0.20 . Barnsdall _.... “1302 13% 1390 7% | Week AED .enueeseesioeeens 1147 ose |¥ouns Sheet. 3% 3% 3% .... Beech N g 0 00 100 + 1% Month 15.33 «0.78 . : y ain Weakens |Ztai pie im, 1m, 10, + U8 soni apo 2.11100 » To. | Boeing Air .... 27% 27% 27% — 3% |Year ago .........ccoccn..... 29.40 40.38 : Borden ........ 16% 16% 18% — Ys| High, 1938, 21.86; low, 15.14. “ . on Porker Prices Ek: th TM | in ag bm eee 2 . 70 STOCKS or cr é 1 = Yesterday .....ccoevcneinnne- 36.70 —0.36 BOND PRICE INDEXES Cal Packing 20 20 20 eeae Week ago 36.19 —0.81 By United Press Sal Packing ... Na By Bw vesssretnierarens:. 30: X By Umm N ow Cerro de Pasco. 34%: 34% 34; —— VY, |Month 880 ..ouevesevcess... 31.86 —1.33 Inds. Rails Utils. Bond Another uneven hog market de- Ches Co ia" 33% 32% 32% + i YOAF BRO .....o0civo0nininss 2.6L +086 erday - od als ih nis + Ss 0 . esses 3 o 0 veloped at 5 to 10 cents lower prices | Chrysler "0 44% 44% 443% = %| Him, 1097, ts: low, ii Week ago .... 8.4 52.4 901 73.6 on weights above 160 pounds as Coltim "Gas : St Sia Jo oy, — Monin Ms eter Re BI 3 A mn J GB reali te So Net || Year #EG teress oo X ; shippers and local killers again op- Com Solvents. 8% 6% 6% zB High Low Last Change Two years ago. 910 = 90.7 1046 95.4 : 5% ieee 1 s 87% 81% 81% — ki |1 igh ..... .0- , 4 ; erated on two different buying | on'gaion o. 22% a3 ate Xn |ElVmown oi: fos 15 18 TI |ioe dow ies ns s13 03 schedules, according to the Bureau Cont. = 3 9! a an 291 Xn adie : ba % ” v 131 Bish 2 5a 101.2 106.0 100.7 somes Va -_ sosss ese — @ coves . A A . OF AGILE oes HR EH WW le | 0 Fr EA Lightweights and pigs sold gen-| Coty ......... 287% 284 2834 x, 1936 low ...... 90.0 847 1085 93.3 erally steady, with most sales Mon- Curtiss h. 4] i 452 5 7s 4% + %|schenley Dist pf wh 41, 74% + 1 | (Copyright, 1938. Standard Statistics Co.) day. Further heavy unloadings | “¥rtiss Wr 8 % 18% + % {Sharp & D.. 3 7 3 7 VV — : —D— Socony-vacutim 13 13% 13% + % ORK, April 26 (UL + P.) —Bonds were again the weakening influence | n.. Mines ... 84 i 8 outh Pac 12% 124 124 + 4 opened irregular, Not in today’s trade, two day marketings | Douglas Air ... 42% 42% 42% — '% outh, RY...» 207 2002 2002 + # OpenChange here totaling around 18,000 head, in- | DO¥ Chem .... ev en 12, —3, |Eresel ine da Ma Ta... |Allis Chalmers 4s seseeseesee-108 ll cluding approximately 8000 head to- | Du Pont deb.. 132° 132 lsd GE Er TR Th ah T duis, 9 Tk Ag day. no Slee P 5 Lt — Be Shy Br Bn Bro (pen, ts — 1 Top sagged to $8.25, paid on ship- | Elec F & Lt .. 3 = 9 = 9 oy [SACI NJ... 47 4 48 + Mont Pur 34s $3 + 3% per account for 210-220-pound av- i 2 “ Sunshine. Min. ds 1% 1% ~ fa Penn KR 34s oN erages, with most sales on local Fed (Mot “eeirs 3% 3% 3% 4 1 |SWIt - Hh 17% 11% + Un Drug. 55 i Ta 5 killer account stopping at $8.20 for | Flintkote ...... 15% 15% 15% .... ep rede Freept Sulphur. 25% 3 ¥, vee OB 5% 65; 3 - 160 to 200-pound averages, with | cP Sulphur. 38% 325% 2% + % |Tenn Gore -::i shih ahh Me = i : most sales on local killer account | gen cable ..... 9 9% Os = Curb Stocks stopuing at $820 for 160 to 200- Gen Gable A . 18% 18% 18% + ; pound weights. Packing sows were | Gen Foods .... 26% 7% apn ly Li UID ATION MOVE By United Press 5 to'10 cents lower, with more sales | Gen. Motors ... 32% 32% 383 — 2% NEW ons. Api % ®. Pa—Cumh act oli 22 Np 4 1p stocks opened steady. near the bottom of a $7-$7.50 range. Goodrich ...... If Hn U% — 0b Open Chan . | Goodyear ’ ; a 19V2 — THhe market on all classes of cat- | gon vR 0 $1 8% Bion DEPRESSES WHEAT Aviation & Trans cp «e...... 1% + tle continued dull, despite the fact Graham Page .. 1% 1% 1% .... Bunker H &' 8 ..... te that receipts at leading markets |G} Nor ors 12: 13° 13° 13° on : Eagle Picher Lead i'n dropped off around 10,000 as com- a ren HI EE 18% 18%; 18% + % : BN Pnsca aif 11 4 cere pared with last Tuesday. The vari- | Hotty Bue ov.. 18% 187 137% = % | Corn Trade Indifferent; EX= [N37 Zine »...... 5 Rn ous classes sold rather unevenly but tee Si ht Frchnleoal ant . 2 cer generally steady to weak, with most [Int Mining .... 8% 8% 8% — 1% ort Demand Sli UnLt & P A'LIIIII000 an LL weakness on beef cows and heifers. Int Pap pt lll” awe wc I i p e git. Cutter grades of cows continued i : t T&T For 8% 3% . 8% — to sell practically steady. Receipts |<cstone Stl... 8 = 8 8 .... CHICAGO, April 26 (U. P).— consisted of around 25 louads Of | jours Man ... 66% 66% Heaviness in Northwest markets and S ]- d | E : ve. 667 6% — 3 steers, including several loads strict- [Int T & T .... 81, 8Ys 8Y — 1s |start of liquidation in May futures ca C ly choice to prime fo sell around weighted down wheat prices today $10. Approximately a dozen loads | Kroger G&B ... 15 15 15 — 3% | on the Chicago Board of Trade. At L of light yearling steers and heifers | v Coal oa % the end of the first hour wheat was || Never Again Will Amos to sell from $7.25 to $8.50 were of- |Lenman ....:.. 257 2572 2515 —''y | % to 7 cent lower, corn was % to j . fered, a pen of strictly good 708- Loew 5 one Wwe an ayo. 1% cent lower and oats were % Go A-Knocking at pound at $8.75. Choic beef cows| =~ "°° rm : % — %|to 1 cent lower. : reached $7.25, but most fat cows {Macy R BH ..... 20% 20% 293% + 1% Good rains overnight in the Tavern Doors. ranged from $5.50 to $6.50, cutter Maryn oo... 22% 21 22% + 13, | Northwest depressed Wheat prices : : grades $4.25 to $5.50. Vealers held McGraw El... 141, 14 1415 ¥''y | 80d liquidation of May ‘futures was ORK. April 26 (U. P) unchanged, although the under was | McKeesport ... 13 18, 18, = J another depressing factor. The EW Y , AD . PJ). weak here also, the top $9. Minn-Moline 1. 5% 5% 8% ..'y | nearby month slid to within % cent —Amos the sea lion, a bon The lamb supply was made up |Minn-Mol pf ..45 45 45... |of the season's low before the | vivant who siips out ot the Prosission Corp .. 14}z 14)a 142 + %| downturn was halted. Some firmmostly of shorn fed westerns. These | Monsanto ..... 70% 70% 70% 1 followed H. C Do ’ pect Park Zoo after sundown and sold steady, with the hest going —N— ness lollowed IL. ©. Donovans re-| y,,.ks on tavern doors, was senat $7.65. Other shorn descriptions |Nat Biscuit ... L19% 19% 19% — % port that black rust has been found est of -09, p Nat Dalry .... 13% 11% 13% — tenced today to spend the rest o y . s 13% % | in wheat from Shreveport, La., to 2 : ranged from $7 to $7.50. Natomas ore 9 9... i his life behind a wire screen. . — NY Central’ ver 2% 12% 12% J+ ‘3 |San Antonio, Tex. Donovan said, Fo Aner i rex 1 78 1% 11% 5 4d however, that another 10 days will Just in the nick of time, too, beis spo7 (No Pacific... 8% 8% 8% — 7% |be necessary to determine whether | cause the men who do their im870 4503 =O ~|or not damage has been done, | bibing in taverns around the zoo si 43 |guver Ferm Ea Bu %w Wu ju | Wheat receipts were eight cars. had gone through four nerve8.80 3000 — i Corn prices were weak. Continued | shattering evenings during which 8.80 6046 —P d 3.70 6046 | pacific Mills... 13 13 13 + 1 | lack of export demand made the | they swore they had seen— 8.10 3913 Park Utah .... 2% 2% 2% — Y% | market an indifferent affair. . A sea lion on a safety platform 8.55 4977 waiting for a streetcar. 258 & 1000 INVESTING CO.’S ARGENTINE GEAIN A sea lion ambling across Em8.30 940 BUENOS AIRES, Apul 26 (U. P)—| pire Blvd. against a red light: i 7187 Bid Asked Bid Asked | Grain futures opened irregula p : " gn, rows 5nd Gilts— vioice..$ .50@ 8.20 Ad Pd Fds 2 10. 0.28 10. 94 Invest Bank Corps 2 an LE at—May, 98%ac, off Jac: "June, 99c, A sea lion (Amos) leading an- - Cc . “ . . (160-180) Sood and cholce--$ 7:30@ 220 | AHd Cp 1737 15.13/ Ins Fa Co 370 8.33 | Cofn—May, 66%c. up %c: June, 65%¢, | Other sea lion (Andy) out of the (180-200) Good and choice 1308 820 |Am Bus_ 303 3.34|Key CFB2 19.09 20.90 | up_%c. zoo door. (200-220) Good and choice.. 7.90@ 8.25 (Am Gn Eq _54 .61| ” CFB3 2.64 13.84 "Oats May, 313%c, unchanged, - (220-250) Good and choice.. 7.65@ 8.25|Am Ins 3.75 4.00| ” CFK- 12.29 13.41 —May, $1.26%, unchanged; June, A sea lion knocking on the door (250-290) Good and choice 7.45@ 8.05 | Asso 8t O 5.25 6.00] ” CFK2 8.43 9.23 | $1. 28%, off Ysc. . of the Toll Gate Tavern at. 4 (290-350) Good and choice 1508 7.85 | Bkrs N I ¢ 1.62 2.12| ” CFS2 12.20 13.35 te— y : ine. ! Packing Sows. Bas Ind 280 -. - CFSt 408 4.31 LIVERPOOL WHEAT o'clock in the morning—an unfor(275 7) 90d Leoieiinas. 1350 1.65 Br Type In 31 .46/Mss Inv T 17.08 19.08 (U. 8. Equivalents Based on Sterling tunate hour when no man who has 1350- Ohad Ltn 00 733 | Br St Iv 21.25 22.73|Mtl Inv Fd 9.64 10.53 li been singing ‘Sweet Adeline” (375-550) Medium ores. oses she TRE UB nN Nin-W we 301 13 High Low Erev-| for 16 drinks wants to open a door Slaughter Pigs Cent T ; : : 97 [May c.eeeens 1.02% $1.02! ] T0140) God and choice.. 700m 1.75 | Gon. Tv 95h hoi NYeinvey (087 (407 May iui MLONR OL Hf if forts S12 {fi and see a sea lion, . ediu CATTLE Siiees 6.75@ 7.50 | Cp A Shs 1.99 as N Y. Stocks, Inc. 0s Oct. «ceo... 98% 977% "9% The last round had been ordered E i 92 ....] Agric : a ] , fet 2s AS yg 32 U0] Blk ateks a8 £30 WAGON WHEAT Be a a (750-500) Choice 8.50@ 9.25] * Acc md 2.27 ....| Elec Eqt 6.44 6.98 City grain elevators are Da) ing for No. y iy y 3 (900-1100) [Choice 8.50@ 950 ' B 23/50 26.50| Ins 8.05 8.71 |Z. red. Tic; other grades on their merits. | knock. . (1100-1300) (Choice 8.75@ 9.75 | Gml Tr "402 "....| Mach Tod 743 Tash com, new No. 2 yellow, 49c. "Oats, 2 8 = 0 00) on™ ENG BR PETA 12 [Manis 78, gape EE who it is, will you?” - 00 : ; ; s : y who S you?” sug-(900-1100) Good T130 8.75 Divers £ 3.10 R Eqt 6.07 6.50 s ? (1100-1300) Good 8.00 9.00 Dy 465 5.25 Steel es1 7.0 | FOREIGN EXCHANGE gested the bartender to a (1300-1500) Good 8.00 9.00 ivid Shs L 1% (L18INo Am Bd 49.13 .... man in a tweed suit near the door. - edium - o + — (1100-1300) Medium 7.50 8:00 Fidelity 16: 48 17.75| ** 1955 2.30 .... ty Ot. a Chowne are’ Jor orels e| The man in the tweed suit took a IEE) comme ay 6508 138) Pipes, fhe, 1 088 22 II | RIC iten ChitRdgllt “ONES | look. (550-750) GOOd -............ 1.75@ 8.75 | pag Troh 3a S33Flym Pd A 35 40 | England (pound GabicRawes change “Isha sheal,” he reported grave-0-500 pay TT : Prd ron S00 goolBEBE TE 783 843 Eid. 0d Bie toy I 700 132 | ly. “Wansha come in.” (530-900) Medium .....0000 7006 735 | Fd Iv Inc 14.12 15.42/Sel Am Inc 8.31 9.06 anes apne) ... MHL 00 bartender put the hotile out (650-900) Common ......... 6.50@ 7.00 & 4.15/81 Incme 3.36 .... | Belgium thelga) 1696 +.0010 of the reach of the oe the Cows Gn Cap_ 27.11 29.i5/Spen Tr 13.28 13.98 | Germany (mark) 24 hid tweed suit and went to have a All Weights— Gen Iv Tr 4.10 “4.4 : Ger. (travel mark) .2425 .0010 ims », GO0d .;.iiieiiiiiiaiiinns «se 6.75@ 17.00 | Group Securities ssid To™" 20 an A iszerland {arane) 2a — 021 look fer B elf. He's the kind Medium! "22 0 no 6.00@ 6.75| Agric 1.01 1.11St St Inv 69.00 72.50 | Sweden (Lrons) .. 2871 —0008 of bartender who always says common .................. 50@ 6.00| Auto 68 75!Sup Op A 2.78 .... |Norwa grona) « *2507 14 33% “thanks, Mae, but I'll just take Low cutter and cutter ..... 425@ 5.50 | Bldg 1.12 1122 293 1 [Norway gone) .. 487: —ON0L ee : + Bulls Chem 102 112iSuper AA 182 ..". | Australia Re), agaziia. —i00l1a a cigar.” So no one doubted that Yearlings Excluded (all weights)— Invst- Shrs .62 8 Spied 3d 9.18 Czerhoslovaks ia 3481 Amos had arrived when the barCa Wests” medi Let 18350 100 | Mn 10s 138A O30 Finland. (mafkka). 0223 ere tender returned and said, “Yeah, Cutter and common ........ 5.50@ 6.25| Petr 19% 18 Bua 238... Greece (drachma). :0092 aoer it’s a seal all, right. Whatta we ” Hn se goslavia (dinar) ,0235 free » Vealers Steel Eqt $2 198) . OIL B 519 “35 | New Zeal. (pound) 4.02% —.00% do now? (All weights) Choice ......... 8.50@ 9.00 ‘g7 | Boland (zloty) .... .1890 ees nsw (All weights) Medium ....... So ole mvs 1520 160 suse 11:35 11:80 | Eortusal (escudo). 0453% sevs That; question was erswered by (All weights) GOO .......... 6.00@ 7.50 5 Securities Lid. | vig we. 34 | Rumania lleu) _.. NI Sio% the arrival of Patrick Begley, and medium ...... i. . 450@ 6.00} 1.05 1.15|Well Pd 11:84 13.07 | Argen. (unof, peso) .2626 0004 night keeper at the Prospect Park : Catues we = = Brasil Jiisis) ae 0380 ria Zoo. : — ce Pp S, CR esse Am (250-400) Choice ........... 7.500 8.50 LOCAL ISSUES Rua peso) 1350 0050 st ye His % Good. iin: 6.25@ 6.75 Saguay Joso) or Shh, Tan weighs 80 pounds. wanderMedium .......... 5.75@ 6.25 | (By Indianapolis Bond & Shafe Corp.) |iongkong (dollar). 3112 0002 lust seized him last Friday night Common ......... .25@ 6.75 | The following quotations do not repre- Shangnar (yuan) 7900 er. when he flipped over a three-foot Feeder and Stocker Cattle sent actual bids or offerings, but merely | India (fupes) 740 ets D, £555 500 Chor v8 800 | Busch an Shin id Seling dures of | *'B Nominal, ooered 0 | OCS Bis way fo a safety plat- = » # A or ! (200-1050 0) floss 138 8.90 recent transactions. . n ital) o ore Wade Jie way to 3 setely Plat» ] es 4 : BONDS % re ne Se own 1 E8 (800-1050) Good 7.50@ 8.00 : tear (500-1050) Hodis : 818 7.50 American Loan Co 8s, 46- 51 Bg Agtell U. S. STATEMENT wait for 8 stree . : . ) ...102 j-- - Heifer eS Era lnc a2 1 i, WASHINGTON, Apr) 20 {U. P.)—Gov. Capk Bb. Sheyne-Siout, dire; (350-750) Good and choice.. 8.750 7.15 | B mel & Tei PCW W bs 13 lot 108 DD An aepeipis for the cur-| tor of zoos, ordered today that Common, medium. 6.00@ 6.75 | Ind Asso Tel 41s 65......... 104 106 | pared A ar go: April 233, com-| Amos be confined in a 1 surSHEEP AND LAMBS Bd Boe Is 60 =e 95 08 “This Yea Last Yea rounded by wire f pos high —Receipts, 2009— PS RNa ans 52 OT. ap $s 8 [Expenses 6.243.478, 803. 39 86,128 8,010,966.69 y Wire Jence 8 nterstate Tel & Tei 5%s 63.. 88 89 | Receint for leaping Lambs (shorn)— ndpls Water Co 31% Lay, LY. Gross. Sef 9% 683.7 4,027,713/039.04 . Ea 1308 788 | Karem, Weil Bons 3 3 ne IF | Neneh Hiss Bi i ied MEQIUM +r aenraeransnenrenen 6.90a 7.00 | Muncie Water Works 5s 65 ...102% .....|Cash Bar’; 2.801,408,132.172 1,689,352,718.07 TWO FARM FIRES IN Caan III 51008 6.00 | Noblesyille: HLA Bias 47 ....300 © 0a’ | Work Ball 2.22 § 25 ~ 671,303,179.31 : Ne nd Bl 8 100 | Eola Ree. 12.8481 is a 93 11.760,416,839.48 TWO DAYS PROBED Good and choice ....... sess S3:50@ 4.50 | Bintire rnd ud pe pp tte > Common and medium ...... 2.00@ 3.50 Richmond Wi BS 1H wo } 3% 103 Customs .. 309, 552,584. 18 '387,987.623.85 . TH Water Works 6s 56 .....100 103% INDIANAPOLIS CLEARING HOUSE HICAGO, April 26 (U. P.).—Hogs—Re- | 1 ceipts, 16,000, including 3500 fireets. mar. | Li Water Works 6s 49 .....101 103° [Qleapings ......oeeeerieneneee $2416.00 | AKRON, Ind., April 26 (U. P.).— ket, giteady to ise Jlower; to 10 38. 3 Rog ‘sTocks *' Set bide eh Two fires in two days on property 3.05; fey biitchers, 310-350 Tos 4 ieee 95; | Belt BR 5 To une sou Sita : gwned bY D. 4. Phe: EL packing sows, steady; bu Cent Ind Pwr 1% pid .... 14 17 : man, were g investigati ay Cattle—Receipts, 6000; calves, 3000; fed 3 , steers and yearlings, steady 10 strong; Hook Drug ‘Ino 0 7% Pie 197 i New Business Books : by the State Fire Marshal's office. RO MEL TO HES. |S Mehl on pa RI ac || Available at Library lees farm west of Akron was 3 s ; wel n , - y etierings topped at $10.40; several SE d Hydro Elec % Te 42% 45Y%; y Pike's farm west of Akron Jas LE eine A — es fen S00 poiermined ’ S st ea Ulls, | ANADIS FWIr & LU DIA 07 esocs . steady, $6.75; vealers, $7@8; op. $ Indpls P & L 812% arn 84 88 The following new business origin. More than baby chicks Sheep — Receipts, 7000, * inc! uding ho xLinc Nat Life 22, 25% || -books are now available at the were smothered to death. Loss was directs; late Monday fat 25¢ jn] Pub Serv 83 pias 0 8 busi b h of th estimated at $1000. oled lambs, [email protected]; clipped,” 1. #a N Ind Bub Serv 6% 51% 55% usiness branch of the Indian- S » Ey I ar, N Ind Pub Serv 775 ... 58 62 apolis Public Library: unday a sawmill owned by Pike stronger fa clipped lambs, $7. 75; al Bub Sore of Ina 8% 5% 15 2 A HISTORY OF THE BUSINESS was burned to the ground with a Sl A ae oo offering Progress Laundrv Co 12 14 Miriam Beard. “Why has | |l0ss estimated at $15,000. Moret [34 NE Ed) i 20 i S50 0s; Ho xS Ind Gas & Elec. ag’ pfd.. 18% 41% the bus nessman been so long ig- Sela ln 200 lbs. $7.95: 160-180 ibs., $7.85; 220-240 | Terre Haute Ele. Co 6% ..... 23 96 nored? He has been builder of cities on st 9s: 240-260 lbs. $7.85 260.280 Ibs. | Union Title Co com .....00.. 22 25 and nations, welder of international WAB ASH RB R. SHOWS $7.75: 280-300 1bs., $7.65: 300-325 1bs., $7.55: yan Camp Milk Co pf ...... 55 60, _ connections, - provider of luxuries, 2 s 325-350 lbs., $7.45; 140-160 1lbs., $7. 60; Too: an Camp Milk Co com ..... 10 11% TOR of art, has isos multitudes : : : 140 lbs. $7.35; , foushs, $7; stags, $5.5 (By M. P. Crist & Co.) a mew standard of living between $3 051 791 DEF ICIT Calves, $9.50. Market St. Investment Corp.. 21.43 23.04 wars and crusades. ’ ’ WEAPAYERTE oti 36 0b) mo Se “Divan. Tes or. Tools Soar Lots er. 9 D -, iy » 0 8.10. 320.240 ioe ag : 3g 0; los, are only a few who have ‘develo ed * PT. WAYNE, April 26 (U. P.).— ; w . - echn res: a - Sai; an bigs, $100 down: BANK STOCKS 2 teenie P s dra- | |The annual report of the Wabash roughs, = $7.25 down. Br [email protected] CAL OFFICE . MANAG Railroad Co. y showed a net mbs, 130. Bid, Asked, By Harry L. Wylie. '‘Condi- | | deficit for the Wea ot $3,051,791. CINCINNATL April 2 (U. P.).—Hog Bank of America ......... 33711 tion ay demand the type of Receinig, 3000 elu a iret iy Boj. Boole Jdanhat tan eens oo 3h FH emocutive. Who is aware’ of manage The report, submitted by Norman Tower: top, $8.15: Caso 0-315 ib senda i ank of New York Trust’ «er.333 341 ment problems from the scientific | |E. Pitcairn and Frank C. Necode1a sibs. . [email protected]; sacking a Brooklyn Trust 3 !] standpoin mus Jr., receivers, said revenues Cattle—Receipts, oH CRASS. .oan- <tr on voss : 30 32 “Yorn w x AND WHAT TO DO | {dropped nearly $300,000 during the HE EE REE UE lh | SOE fin || fogs lawyer and ioe Bil precise | | year while inheifers 50: OY around So Continental i, 3 jnteiligent and pracusal creased about 4.5 per cent. The anDeactical top Bulls: $70, vealors. steady to | Gorn Exchange ‘. A nual meeting of stockholders hi be easv: top Empire bias be (20% | 21h BOOKKEEPING FOR BUSINESS heen Receipts, 250, Including 153 ‘di- | First National .. 1 162 PERSONAL USE, By R. V. ||held here May 16. Tet ark. BtIVe SD odcTa supply, | Guaranty .. --230 135 Cradit. Personal needs for records, | fully steady: several lots g and. cholce EE css sToreaees 11 12% record-keeping for the family, “need ring lambs. $10@12: few ooled | Manufacturers .. 342 36%; for business records. lambs. $8.50 down: some Ss oferings. National City ...... 24% 25% 7.50: shorn slaughter ewes. $2@3. N. Ne ust . 3 ¥ = | Title S Guaranies ott Tan 3% x See Final Edition LOCAL PRODUCE A SAFE DEPOSIT ny : ; BOX IS LOW COST a of the Times ultry—Heavy breed hens, INSURANCE horn hens, 13c; heavy broilers, 1 to et: 9 Different Sizes for 1bs., 22¢; Leghorn broilers, 1% to 2% Ibs. ; : ) 18¢; old roosters | $3 to $100 A YEAR " ; ol Clo . St k Q tat 5 _No 1 pSricily JIesh country, run U tele DOU ec tener | EEE LR | Security Trust Go and Other Late News gy a : 1] 130 E. Washjpgton ss SS as iy a . ~ SL EES RES

= oil

STABILIZATION OF JOBS SEEN IN COMPENSATION

Law Encourages Employers.

To ‘Maintain Steady Work, © "Report Says.

Indiana's nemployment Compensation Law has encouraged employment stablization in Hoosier industries through its “steady volume”

provisions, the Indiana Employment,

Review announced today. The Review also outlined plans for helping individlials to stabilize their incomes. Plans were based upon an Indiana State Employment Service survey which indicated many persons “finished 1937 with what amounted to nearly steady employment by obtaining a series of temporary jobs.” Movement Gains

“The movement to stabilize employment,” the Review said, “conducted for many years by industry on its own initiative, has gained impetus because of provisions in the State’s Unemployment Compensation Law which makes it possible in the future for employers to reduce their contributions to the insurance fund by holding their employment above certain levels. . “Since one of the chief purposes of the State’s program is to stabilize employment, the law was written to encourage employers-to maintain a steady volume of employment, “As a reward for guaranteeing or

¢ | maintaining employment, at a high

enough level, after accumulating a

* | minimum size unemployment com-

pensation account, employers may attain merit status and reduce, or even eliminate, their contributions to the State.”

DEPAUW FOUNDERS HONORED AT CHAPEL

Times Special GREENCASTLE, April 26—DePauw University today paid tribute

to her founders and benefactors.

President Clyde E. Wildman presided at a special chapel this morning and Betty Acuff, Knoxville, and Alan Schneider, Louisville, both students, spoke. The traditional pilgrimage to the grave of the founders and benefactors was abandoned, and an all on-campus ceremony was held. Following the chapel service, a committee from the Student Executive Board was to decorate the graves of Dr. Hillary Asbury Gobin, former DePauw president, and Ed-

‘ward Rector, donor of the Rector

Scholarship Foundation and funds for the erection of several campus buildings.

BIDS FOR FIREHOUSE WORK OPENED TODAY

The Safefy Board today opened bids for the general construction,

‘heating, plumbing and electrical in-

stallations for Firehouse No. 1 at W. Michigan St. and White River. Blvd. The low bids submitted are as follows: General construction, Capitol Engineering Co., $11,495; heating, P. J. Fitzpatrick, $1106; plumbing, Strong Bros., $1927; electricity, Sanborn Electric Co., $885. The Safety Board is to meet

Thursday at 2 p. m, to, authorize

presentation to City Council of an ordinance appropriating money for the project from the Safety Department building fund.

ASKS AUTO MAIL ROUTE

WASHINGTON, April 26 (U. P.) —Chairman James F. Mead (D. N. Y.) of the House Postoffice Committee has introduced a bill to provide for an automobile mail route

from Indianapolis to Peru, Ind.

when electric interurban service is abandoned.

! GRIFFIN The Greatest Name In EINE NT becial Sale STORAGE CABINETS

Storage cabinets designed and built to be attractive ‘articles of furniture. Suitable for use in any office. Strong and pn in construction.

36” wide SR 18” deep reo 78” high : 5 Olive ; = Green — Finish, mE $21.50 LIENYg s rl ard soul ment ists gf four adi adjustable oh jihetves.

g TE NN See :

AL i we 8

‘day night and starting his 10th year

ON THE RADIO

TONIGHT

§:30.n21 Jolson, WFBM. yD Goodman, WFBM. 7:30—Fibber McGee, WIRE. 8:00—Hal Kemp's Orch., WFBM. 10:00—Herbie Kaye’s Orch,, WIRE.

# » » Tomorrow's National Farm and Home Hour (10:30 a. m., NBC-Blue) which will originate on the Michigan State College campus at East

Lansing, was assembled and directed by Ralph Norman, former Times radio editor. He now is a member of the Michigan State faculty. Members of the Campus Radio Players will present sketches prepared in Mr. Norman's radio-writ-ing classes and dealing with the college’s contributions ¢ to Michigan farming. There also will be music by the college band and men’s glee club. Tomorrow’s broadcast is the 25th in “a series presented from Sampuses of various land grant coleges.

2 8 = Moving from Saturday to Tues-

on the air, the unbelievable Mr. Ripley seems about to outdo himself on the anniversary program (NBC-WIRE, 8 p. m.). No less a person than the Mayor of Hell will be featured guest. He is Lorents Stenvig, and he has come almost 6000 miles from his home in Hell, Norway, for his single microphone appearance. Mr. Stenvig’s Hell is said to be a pleasant place— only a bit cold in the winter. It’s

just below the Arctic Circle.

On the same program will be an interview with descendents of the

Bounty’s mutineers: on Pitcairn . Island, via shortwave. # 8 Bn

There will be nothing but swing on the Benny Goodman program tonight (7:30 p. m.,, CBS-WFBM), Benny has decided to let the guest stars go for a while and concentrate on “killer-dillers.” . . . A Woman's Democratic Conference in Columbia, 8. C, and NBC-Blue listeners are

to hear Postmaster General Farley at 9:05 o'clock tonight. . . . Al (Elmer Blurt) Pearce should get some

Joiiters on social finesse tonight

rom his guest, Ted Peckham (7 p. m., CBS-WFBM). Mr. Peckham, you know, is the young man who provides streamlined, college-trained escorts for dine-and-dance-minded ladies. Thirty months in business, he now has 600 employees, and branches in London, Paris and Buenos Aires. ! Rafael Druian, the boy violinist who was soloist on one of the recent season’s symphony concerts here, will be heard on tomorrow’s Curtis Institute broadcast. He will participate in the Brahms G Minor Piano Quartet, Opus 25. Also on the program is the familiar Haydn Quartet in D, Opus 64, No. 5 (1:45 p. m., CBS-WFBM). WFBM is now carrying the Cincinnati Conservatory programs on Saturday morne ings which, with the Jordan Conservatory program on the same afternoon, gives local listeners a fair cross-section of the student music situation,

THIS EVENING

(The Indianapolis Times is not responsibl - nouncements a by station i Ma i le for, inaccuracies in program an

INDIANAPOLIS AN ARO TARE 10" ean CHICAGO (CBS Net.) (NBC-MBS) (NBC-MBS) (MBS Net.) 400. Hall's Or, Baseball Dick Tracy Bill Anson } 5 5 Boake Carter Terey-Pirates fox i ad changer ie ‘Chan 4:45 Tea Tunes Yes : Lowell Thomas Orphan Annie 5:00 i 3 Easy Aces U Christ, Science Varletiss VE ounced i gg Girl 4 Soo Dick Tracy Unannounced Bob Elson Orphan Annie Boake Carter Famous Fortunes Big Town Johnny Johnny Gould's Or.

Al Jolson : Wayne King

Al Pearce Vox Pop

Tonic Tim Famous Fortunes

Heidt’s Or.

Green Hornet

Arden’ clitfon, Otiev ;

Goodman's Or. Fibber McGee Fibber McGee Bologni ni’'s Or. $ # Tomorrow's Trib, Kemp's Or. pi Mysterie Mysteries ” ”» ”» Headline Heroes Charloteers Polly Follies §; Fidler Unannounced - t iy Fol . Carnegie D. Carneric Ne jnerners Entertainment ° Amos-Andy A - RORp. awe Loan, Eoite. Felton’s Or. Breese’s Or. naaneynce ima. Or,

Kaye's Or, » ”

ews : Shaw's Or. ucker’s Or. Jobnson’s Or.

* P, Sullivan Unannounced

Dance Or. Johnson's or.

Noone’s ,0or. Gendron’s Or, » ”

L. Noble's or. Reflections ”» aE J

i | SOOD | SECU | BONN | nn | DONS | BREW 853 | 5853 | 5353 | 6353 | 5353 | 6EL3 | 88

fod fod fh jd | ud ph nh rd

”» ” ”» ”» ”» ”»

L. Noble's Or. Keating’s Or,

45 ’» » Unannounced WEDNESDAY PROGRAMS INDIANAPOLIS INDIANAPOLIS IN FBM_ 1230 WIRE 1 ew Soo Tos 50 (CBS Net.) (NBC-MBS) (NBC-MBS) (MBS Net.) 6:30 Early Birds Devotions Pioneer, 6:45 2” ” Govt. Markets Hugh Ee ois Mugle Bz : 3:40 » 3 Musical [Clock Merrymakers Good Morning 7:30 9 5” Dessa Byrd Gospel Singer ” " 7:45 ” ” News Experience ” » 8:00 Kitty Kelly Mo. Wiggs Hymns C . fh Mae: Bm Ir Daa : oundun 8:45 Stepmother Woman in White Betty-Bob. Dr. Friendly . 9:00 Qreenfisld Vil. David Harum Mary Marlin . Get Thin 9:15 - B02 Bin Strings Lorenzo Jones Goldher Children 9:30 Bis 8h sk jer Be Charming Short tory Painted Dreams 9:45 Linda’s Love Kitty Keene Stella Dallas 10:00 Mary McBride ‘Dessa Byrd Dr. Friendly Store Woman 10:15 Lee Winter ” ’ O’Neills Len Salvo 10:30 Mrs, Farrell News News-River Quin Ryan 10:45 Party Line Farm-Home Down East 11:00 Medal Hour Happy Gang $8 State St. Man 11:15 » y A Sam ” 3 Melodies 11:30 ” ” oan Svar Live Stocks Seryices 11:45 » ” Farm-Markets Thomas Sawyer ” 12:00 Farm Bureau ” ” Linda’s Love Harold Turner 12:15 Farm Circle » ” illtop House Reveries 12:30 Bohemians WIRE ovorter Unannounced June Baker 12:45 News Headli » ” Melody Time 1:00 All Hand Police Court Young Rom : 1:15 pangs Music Moods a Musical “Moods 1:30 Kate Smith 1 1. m Session 1:45 Curtis Inst. Varieties Guiding Light Lea doff Man 2:00 ” ” Backstage Wite Harding’ s Wife Baseball 3:5 Art Asse rae Shoels 1i A Alors " “ : ‘ ughsr u e 2:45 Dance Time . Pushersel Road of Life ” ” 3:00 River Boy .» ” bo: 1» 1” 313 Haren oy i need » » » Han Sor Sothern a » : arc ame ng 3:45 ”..n Einfne & Dadtnter "oo 4:00 Eton Boys ” ” Dick Tracy Bill Anson 4:15 Doris Rhodes if 1 Jack Armstrong Ruby’s Music 4:30 Boake Carter Terry-Pirates Paul Douglas Charlie Chan 4:45 Tea Tunes Harry Bason Lowell Th omas Orphan Annie

: 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; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 776. MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 650,

CROSSWORD PUZZLE

HORIZONTAL Answer fo Previous Puzsle

in Belgium. 15 He is an e=—e

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