Indianapolis Times, Indianapolis, Marion County, 12 May 1938 — Page 24

THURSDAY, MAY 12, 1038

HARVESTER STOCK

DOWN

WO POINTS

IN UNEVEN MARKET

Decline Follows Report of Poor Outlook; Most Changes Small.

NEW YORK, May 12 (U. P.).— International Harvester common stock declined nearly 2 points to 58 today when stockholders at their annual meeting were told that business for the fiscal year would be down 20 to 30 per cent. Other sections moved in a narrow range. U. S. Steel lost slightly while Bethlehem gained. North American was down a fraction. Consolidated Edison scored a gain. Westinghouse Electric was unchanged; General Electric slightly lower. Standard Oil of California declined; Jersey advanced. ss 8 &

Today's Business At a Glance

GENERAL BUSINESS American Bureau of Statistics reports March world silver production (excluding Mexico) 15,369.000 fine ounces vs. 14,361,000 previous month, Dun & Bradstreet reports week

ended May 11 bank clearings $4,888, - |

388,000 vs. $5448674,000 previous week and $5,396,292,000 year ago.

Metal |

Most Weights

| |

| Beef

Engineering News Record reports | construction awards this week $70,- | 520.000, fourth highest weekly volume | 44 95 cents up.

of the year, vs. $36,322,000 last week and $62,701,000 year ago.

CORPORATION NEWS

American Commercial Alcohol Corp. March quarter consolidated net profit $59,144 equal to 12 cenfs a common share vs. $212,645 or 76 cents year ago. International Nickel Co. of Canada March quarter consolidated net profit $10,1113,765 equal to 66 cents a common share vs. $11,714957 or 7 cents year ago. Interstate Department Stores, Inc. (including company’s own de-

and leased departments) April sales $1,738,490 vs. $2,190,360 year ago, off 20.6 per cent. Milwaukee Electric Railway & Light Co. 12 months ended March 31 consolidated net income $1,676,283 vs. $2,804,209 year ago. Mississippi River Power Co. and Missouri Transmission Co. 12

| went

[up curred

[all

Higher Under Broad Demand

Demand continued broad for hogs and another higher market developed for most weights, according to the Bureau of Agricultural Economics. Offerings above 160 pounds sold 5 to 10 cents higher with most

upturn on 220 pounds up. Lighter weights and pigs held only steady. Top moved up to $8.25, paid mostly for 160-180-pound butchers, although some strictly choice lots scaling upward to 200 pounds also made the price. Several 5 to 10-cent premiums were paid for comparable grade lots in various weight groups. Packing sows advanced 10 to 15 cents to bulk at $7 to $7.50.

Slaughter Trade Active

For the second day all classes of slaughter cattle ruled active and strong to higher, as the result of improved conditions in the meat markets. The trade was active, and slaughter steers and yearlings sold unevenly strong, with spotted sales 15 cents or more higher, and now grades of steers are approximately 25 cents above last week's quotations. Heifers show steady to strong. grades of cows are now 25 cents or more higher for the week to date, with cutter grades strong

Good to choice 1165-pound weights brought $9.25. Best heifers at $8.73, others mostly $8 to $8.35. Good beef cows have moved as high as 87. No change ocin the vealer division, with

| $9 to $9.50 taking the better grades.

Lamb Prices Down

A weak to mostly 25-cent lower market for lambs saw early sales chiefly from $87 downward, but around 500 remained unsold late in

| the session with choice kinds prom[ising to sell above $7.

partments and excluding groceries | grades and below,

| downward to $5.

Most of the crop were only good throwouts selling Around three loads

of mixed wooled and fall shorn

| lambs scaling 101 pounds made $8.25,

| recent comparison.

[| about

grading choice and being without Odd head of made $9 to $9.50, Slaughter ewes were

lambs steady.

spring

| down 50 cents to sell at $3 and be-

months ended March 31 net income |

$1.229.701 vs. $1,285,936 year ago. New York Central R. R. Co. (including all leased lines) quarter net loss $10.196,338 vs. income $5,295,094 equal to 90 cents a share year ago. Pittsburgh & Lake Erie R. R. Co. March quarter net income $2,209

equal to less than one cent a share

vs. $910.854 or $1.05 vear ago.

Rutland R. R. March quarter net | Ba:

loss $321,783 vs. $103,253 year ago. Standard Oil Co. of New Jersey 1937 consolidated net profit $147,993.147 equal to $564 a share vs. $97.774,583 or $3.73 in 1936. Union Eleetric Co. of Missouri 12 months ended March 31 consolidated net income $7,475.433 $7.201.372 year ago. Willson Products, Inc. four months ended April 30 sales $364,828 vs. $524,187 year ago, off 304 per cent. Wisconsin Gas & Electric Co. 12 months ended!March 31 net income $844,630 vs. $912,752 year ago.

DIVIDENDS

American General Corp. quarterlies 50 cents on $2 621; cents on $2.50 preferred 75 cents on $3 preferred payable June 1 record May 17. Burmah Oil Co. final 25 per on common making total 30 cent for 1937. Equity Corp. regular quarterlv cents on $3 preferred payable June 1 record June 16. Willson Products, Ine. Directors took no action. Company paid 15 cents March 10. (Copy ight, | 1938, by United Press)

N. Y. Bonds

BOND PRICE INDEXES By United Press 20 20 Inds, Rails MR. 34.3 31.2 95.4 m.3 “00 19.8 101.2 69.3

regular

cent

Lill Bonds 8.1 3.0 3.9

20 Utils, 91.8 ”2.% 920.1 101.8 101.9 9a 87.3 106.0 92.3

Yesterday Week Ago Month Age .... Year Ago Two Years | 1938 High 1938 193% 193% 1936 High 100.4 106.2 1936 Low .... [1.7 103.5 ¢ (Copyright, 1938 Standard Statistics Co.)

P.).—Bonds |

Open Change 01 ‘8s ] 8

5 3 R2.3

High

YORK,

regularly

irreg

May 12 higher,

NEW opened

Canada 2% Canada 3': Can Pac Chi E LI 5s Int JT ST 4)

(U.

So Rwy 6

SHARP RISE IN BUILDING

NEW YORK, May 12 (U. p_| April building construction recorded | 8 sharp seasonal increase over the preceding month but remained well | below the volume in the 1937 period, | Dun & Broadstreet, Inc. reported | today. A survey of 215 leading cities of the United States showed total building canstruction for which permits were issued in April at $84.842365 contrasted with $76,598,907 in March, or an per cent. The latest total, however, was 27.8 per cent smaller than the April 1937 volume of $17 ,543,768.

1937 INCOME SETS RECORD NEW YORK, May 12 (U. P). — Net income of the Standard Oil Co. (New Jersey) rose to the highest level in its history in 1937, gross expanded well above the billion dollar mark to the highest total since 1931, the annual report signed jointly by Walter C. Teagle, chairman, and W. S. Farish, president, disclosed today. Net income aggregated $147933147, equal to $5.64 a capital share, compared with $97,774,583, or $3.73 a share in 1936.

while |

vs. |

per | 75 |

| Year

March |3 net | 5

preferred, | and |

low for shorn offerings.

HOGS

BISOB0I8B I B0808 0895 59 NOR rr rr ir SIRT LB

>»

oS PPO OOWm

5 5 5 5 0 0

rows and Gilts— 40- 160) Good and - ie and

choice § choice choice . . choice. . choice. . choice. . choice. ,

00) Good 20) Good

~1058805 300500 WDB

42; 5-450) 550) Medium Slaughter Pig (100-140) Good and thioice . Medium “ CATTLE --Receipts, (750-900) Choice (900- 1100) Choice {3100- 1300) Choice 1300-1500)

(900-1100) Good (1100-1300) Good (1300-1500) Good 750-1100) Medium 1100-1300) Medium (750-1000) Common teers and Heifers— (950-750) Good

333 re

ND E83

J =

PID IDO FANN APNOANDOTDON

PB ~I-125000539 DD 0608 Se

“I-III PODS < 4)

-3 or wn

wo 23 a

(plan)...

Dr gros >

HEIFERS 750- 900) Good 00) Medium 1630- 900) Common

{Hf

Sos Prom CSOD

All Weights— Good Mediu common “ie Low cutter and cutter Bulls

ings an {ed (all weights)— Good (beef 6.5 (All weig hts) Medium “e Cutter and common ... Vealers (All weights) Choice (All weights) Medium (All weights) Good Cull and medium

50 @ 6. Ra

—Receipts, 567— (250-400) Choice 700 Common Feeder and Stocker Cattle

| Steers—

96.5 | 95.3 | | Heifers—

| butcher kinds up to $7.40

* 1 'ceipts,

9.25@ 9.25@ 6.90@

(500-800) (200-1050) (200-800) (300-1050) (300-1030)

Choice Choice Good Good Mediu Common

CVRD DSD

Fy asm own NOSUVOD

Good and Choice. . Common, medium SHEEP AND LAMBS —Receipts, 1646—

Lambs (shorn) Choice Good Medium Common Ewes Good and choice ..... Common and m edium

CHICAGO, May 12 (U. 10,000; 3000 directs; mos tly 10@ 20¢_ higher, top, bs., $8.10 8.25; 250-290 1bs., | 300-350 1bs [email protected]; SOWS,

(550-750)

P.).-— Hogs uneven market; $8.25; 160-24v $7.8568.10; [email protected],; 5000; calves 1500; com-

catile—Reipts,

| mon medium and good grades light steers

Remave,

| |

increase of 108 [°°

medium weight $10; bulk, $8 several, $9@ cutter grades bulls strong to $7;

10% 15¢ higher; ands slow; best steers early, «9.25, heiters 10@15¢ higher; 9.50; cows scarce and higaer; 1p to $3.75; sqme sales $6; 0 135 gher; sausage oilerings

vealers strong up to $10. Sheep Receipts, 14,000; 4500 direct; fat [Jambs strong, spots higher: sheep steady to weak: good wooled lambs, $7,958. choice wooiskins absent; clipped lambs, 56 2567.60; shorn ewes, $3.50 aown: trade active, steaay to stronger; spots higher on | spring lambs; merely good wooled lambs, 33 @8.10; good and choice eclippea lambs, i250 65. California spring lambs, $8.5v wd; wp, $9.10,

FT. WAYNE, Market, steady $8.10; 180-200 220-240 lbs, 280 ls. $7.60

5¢

P.). Hogs — 160-180 108.

May 12 (U, to 10¢c higher:

1bs.,

Roughs, $6. 5.75: stags, $5.25; calves, $9;

lambs, $7.75 2

LAFAYETTE, May 1 Market, 10@ 15¢ higher; bulk 160- 2Ly tos. $878.20; 210-230 10S., $7 9@T. 95: 230- 250 ibs., [email protected]; 250-325 Ibs. $7.50% 7. 70. pigs, $7.95 down; roughs, $7.25 down. Calves, $8.50@?9; lambs,

CINCINNATI, May 12 XN. P).Receipts, 3800, including 970 direct; holdover, 400; market, fairly active, uneven; top, $8.20; 225-250 lbs., $8.05; 100-140 Ibs. $6.75 617.50; good packing sows, $6.25476.50. Cattle Receipts, 300; calves, 400; mar. ket, fairly active, strong to 25¢ higher; strictly choice to prime 668-1b. yearlings, $9.65; load 1085-1b. steers load 695-1b. choice heifers, $9.10; odd good beef cows to $86. top bulls quotable 10

$7.25; vealers, iy top, $9. including 1380 di-

(U. P,).—Hogs—

Hogs-=

Sheep--Receipts, 1975, rect; spring lambs fully 50c lower, clipped | & offerin:. 25¢ lower; slaughter ewes, weak O' .nostly 50c off: bulk good nearby sprine $9; some medium clipped lambs, $6.50. Sn; od shorn slaughter ewes,

mg’ ol,

-- A sr Sa

THE INDIANAPOLIS TIMES

PAGE 23

NEW YORK STOCKS

By United Press

High Adams Exp .... 8% rund VB 1's .. 150 150 . 8% 6% 43 43% 65% 65% m Bank Notes 15 15 Car % Fy 19% 19% \ 36 6!

Net Low bast Change

36 ve BY . 12% Roll Mill .. 3 Smelt ..... " ig:

Am Zinc ‘a Anaconda 291 Armour Ill ... 3 Aviation corp. .

Balt & Ohio ..

Calumet & H .. Canada Dry ... Can Pacific .... Case, J I . 81 Cent Foundry. . Ches 3

Cons Edson pf. Cons il Con RR Cuba of

27 201% 25%

19%

26%

19% way 19% 54%

Crow A Crucible St ... Curtiss-Wr So Curtiss-Wr A .

10% 54% 467%

Deere & Co .. Dome Mines ... Douglas Air ie East Kodak ...155 155% Elec & M Tnd . 3 3

PDOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday Week ago Month age Year ago High, 1938, High, 193%,

134.35; 191.10; low. 20 RAILROADS Yesterday Week ago Month ago Year ago High, 1938, 32.35; low, High, 108%, 61.46; low, 20 UTILITIES Yesterday Week ago Month ago Year ab uuu 2%. High, 1938, 21.86; low, 15.14, High, 193%, 37.5%: low. 19.65. "0 STOCKS Yesterday Week ago Month ago Year ago High, 1938, 41.42; High, 193%, 69.6%;

Tow, 31.10. low, 38.8%.

Net t Change 1a

Mo Pac pf .... Monsanto

Nat Biscute Nat Dai ah b pistilers . t Bte

3 ox

BD bk ft IY 1D pt DDO IBLE BDU

No Pacific

Ohio Oil Omnibus

Pac G & Bl ...

Packard Parker Rist Prt

Penn

+ | Pfeiffer-Brew

Phillips Pet .. Plymouth ¢ oil

Net Last Change 3" 4+ 9 +

High

Low

ug 2% A

19 14%

8 367% 5%

Ruble. Pul

Ya 3% a Y, | 1a

L1)

po a a waa

Republic Stl Revn Sorin Reyn Richhela Port

w DPN NE PID

w ro

tf L-S Fran nf Bhar 0. Dh

tpt ht a Nee oe

DW Rh = DOJO LITUI DDI DD a

rd I

3tudeba ke “ Superior Sn TEN

Texas Corp Tex G Sul .... Tox Pac LT .. Twin Cy RT ..

Union Carb ... Un Pacific . Un Aircraft Cp Un Air Lines .

Walker (H) Walworth Westing El Willys Overld of

67% 80%

a 80% 45, Yellow Tr 12'% 12'% ne.

Zenith Rad +

G. 0. P. COMMITTEE'S FIRST REPORTS DUE

CHICAGO, May 12 (U. P.).—The

Elec Pwr El P&Lt 87 Elec St

& Lt. Bat

Republican Party's program com=

WHEAT TRADE QUIET

pf. 26

El Paso Nt Gas Eng Pub 8S .... Fajardo Sug .. Foster Wheel ,. Francisco Sug .

Cable ..... Cable A Electric Foods . Motors Pub Sv... Rty & U.. Gobel, Adolf Goodyear Gt North pf

Gen

Hecker Prod ... Houston Oil Hupp Motor Hudson B Min.

Inspiration Interlake Ir Int

Cop

Bt NE iiss Int T&T For...

Johns-Man ... Kennecott

L-O-F_ Glass 15 Lone Star Cem i Macy R H.. Marine Mid Martin Gl McKes & Rob. . Mo-K Mo-K Tex pf .

Curb Stocks

NEW YORK, May 12 (U. P) -Kx stocks opened irregular,

Am G & BE Am Su Cities Serv Eagle Picher ‘Lead El B I) :

Lockheed Air . Newmont Min

Pantepec Oil Technicolor Un Gas

INVESTING CO.’S (By Tg UR Bkrs. Conf., Inc.) Fd _2 10.56 11 3) Ky C FB2 2 d . . I'B3

> tk pt 03 Ty a

yD Br HN SIAR SOONER LOD a 1D

dd — a

BAI DENI TI HO BI Lo

Ctl Sh pf Cp Tr Sh » AA

THERE D0 UY ND

pt BRAN B DOI DDD DDO gh DI 30 U1 DRC

<0 DIB JUN ~Iet 1D CD =I

RDDPN = DID 3

“108 308 ~3-3=3"

£3.00 Bldg Sup

2D x DUD DDI ND IIS

po — > SJL HID

— 00 a 3 3° BOD IOAD-IWD A=RINROADBBO~ BR

VDVON PAD NI-IR gy NBII a 3DD NDS

* ow

MM Tr A ny Ine 1

”"

3.8 15. 4

Aaa > 5 BNI I BRDD AID HID

we Eqt 5.45 Mach 1. 1 Oils 7.36| Steel 809 N Am Bd 5 . Quar Ine 3.40 Repr Tr ../S1 Am Me 5 EEL Incm Sover ny Spen Std Util 52 Sta St Iny 70.50 2ooup Cp A 1

Gen Cap 27.69 231 3 Gn Inv Tr 422 Group Securities Agric 1.0 1. Inv Shrs 63

DaW= w

on oo

C ''D 76 Sup AA Min 1.12 }32 Sup BB Petro 99 1.08/Supervised ep Invs 15.74 16.92/ Trs St Inve Inst] Securities 138 ” Oil A

ind US EILP Al 5 Well Fd

pr wd AND

Ban Blair 4. 55 1 Bos Cp 16.62 1 Inv Fd C 9.14

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The following quotations do not reprasent actual bids or offerings, but merely indicate the approximate market Jjevel based on buying and selling inquiries or recent transactions

BONDS

American Loan Co 5'%s 46-51 . 9° Citz Ind Tel (TH) 4'.s 61 .. H Tel & Tel Ft. W 5148 55... H Tel & Tel Ft W W 6s 43.. Ind Asso Tel 4'as 63 ..... Int Tel Co 5s 60 Ind Railway Ine 5s 97 . Interstate. Tel & Tel 5148 63.. Indpls Water Co 3'4s 66 Kokomo Wa'er Works 5s 38 Morris 5 & 10c Stores 5s 50.. ¢ Muncie Water Works 5s 65 . Noblesville HL&P 5376: 47 ..

Sd SNF Pore

CIT 00 OD x TS BAB DNRODO®

po - Oey °° Bd

5 Richmond Ww 38 3% . 2° mour Water 5s 49 Water Works 6s 56 ..... T H Water Works 6s 49 "hh Trac Term Co 5s 57 ‘ah

STOCKS Belt RR St Yds com RR St Yds nfd Ind Pwr 97, pfd T&T itW Hook Drug Ine com Ind Mich 7° Ind Gen Serv Co 6% Ind Hydro Elec To. pf Indpls Gas com Indpls Pwr & Lt 6° Indpls Pwr § Lt 612% Line Nat Life Ins . 2 N Ind Pub Serv Co pra 8la% ?. > N Ind Pub Serv 6° § N Ind Pub Serv Pub Serv of Ind 67. Pub Serv of Ind T% .......0. BD Progress Laundry Co com 8S Ind Gas & Elec 487, pfd Terre Haute Elec Co 67% Union Title Co com Van Camp Milk Co pf . Van Camp Milk Co com ...

(By M. P. Crist & Co.)

Market St FN stint Corp... 21.5% XEx-Divid

LOCAL PRODUCE

Poultty— Heavy breed hens, 16c¢: leghorn hens, 18¢ heavy broilers 1'5-2 Ibs. 18¢c; 2-3 ibs. and over, 22c: leghorn broilers, 1%¢; bareback broilers, 15¢: old roosters, 9c. Eggs—No, 1 strictly fresh country run eggs, 15¢; each full case must weigh is Ibs. Rae a net deduction of 15 cents for each ll ease under 55 Ibs. will be made utter—No, 1, 28'5@29'%¢: No. 2. 25': ohne. Buttertat No. 1. 22¢: No. 2, 20c¢.

BANK STOCKS

Bank of America Bank of Manhattan Bankers Trust Avian Bank of New York Trust Brooklyn Trust .. 7 Central Hanover Chase Chemical Commercial Continental vee ‘ Corn XChange MRRRbaNLaNL

mpir “ee Sst National BARRA

une anu agturers tio al Cit ork Hus

{corn was off lz to *s,

| some areas of Texas and Oklahoma

62 ..68 Trsk 13.70 14 42 56 73.00

{ | | | |

WITH SMALL GAINS

Hedge Selling Eases Corn; Export News Lacking. CHICAGO, May 12 ((U. P).—

Wheat prices recorded small gains | shortly after the opening on the

Chicago Board of Trade, but lack

[of much general demand was evi=

dent. At the end of the first hour of trading wheat was up '% to off sx and oats were unchanged to zs higher. Trading in wheat was moderate and mixed, with crop reports indicating possible greater damage to winter wheat tending to restrict selling to some extent. Wheat in

is reported to be in worse condi[tion than was thought previously. Preliminary estimated receipts of wheat in Chicago are 13 cars. Jorn prices displayed no inclina= tion to move upward with no fresh important export business reported, and with more or less hedge selling taking place. Corn receipts were estimated to be 397 cars.

WAGON WHEAT

City grain elevators are paving for No. 2 d, 69%; other grades on their merits, cash corn, new No. 2 vellow, 40¢. Oats, IC.

LIVERPOOL WHEAT (U. 8. equivalents based on sterling at $4.9674.) ey Close

May $ 391 » aoe

Close $ 4

04%,

Low

3 ns Sa

ARGENTINE

BUENOS ATRES, May 12 (U futures opened higher. 94'ac, up ’oc: June, 943%c Mav, 687%e¢, up 1;¢: June os May, 30 »¢, unchan rd Flax--May, $1.24%, LR Tac: June, 81. ac, up LET

CHICAGO PRODUCE

Market firm; fresh graded firsts, cars, 19'5¢,; extra firsts, cars, 197%c; a TOGHS, 1634¢, current receints, 18%¢; dirties 17'4¢; storage a firsts, 21c; storage packed extras,

Butter—Market 335,434 gross Ibs. Extra score, 25@254¢. Extras (92 score), bed Firsts 2234 @24c. Seconds, 21@21':¢. Specials, 26 f@26'2¢, Standards, 25'.¢ Centralized hid 23¢. Centralized (89 score),

4 Poultry —Market steady, Receipts, 40 trucks. Ducks, 13@14c. Geese, llc. Hens, 18'2@19¢. Leghorn hens, 17's¢ Spring chickens, 241 256, Roosters, 137 14¢. Broilers 19@22¢, Fryers, 22@24c. Turkeys, 15@ 19¢ Cheese—Twins, 137 13%. 133: @14¢. Longhorns, 13% @14¢ Potatoes—Supplies liberal; Dyer ket, steady; Idaho Russet $1.5 70; innesota Cobblers Rol TI Supplies moderate; slow: market steady. Louisiana Bliss Triumphs, $1. naz 20; Alabama Bliss Tri-

GRAIN PrP) Wheat up ‘se 65'2¢,

Grain May, Corn up “se.

receipts. 33,333 cases cars, 19% ec; less than cars 20c: less than

Eggs

easy: recent: firsts (90-9

score),

Daisies,

Burbanks, $1.10

2 | Poland

| umphs, $1 30.

$1.80: Mississippi Bliss 45 Aa PhS, California White Rose, $2.30. 1179; on track, 253;

Arrivals, shipments, 1132,

FOREIGN EXCHANGE

NEW YORK, Mav 12 (U. P.) - Foreign exchange steady Following are noon cable rates on foreign currencies: Cable et Rates Change England (pound) ¢ 004 Eng. (60-d. bill rate) 3 — 00% Canada (dollar) France (franc) Italy lire) TERY Belgium (belga) Germany mark) Ger. (travel mark) Switzerland (franc) Holland (guilder) Sweden (krona) Norway (krone) Denmark (krone) Australia (pound) Czechoslovakia (koruna) Finland (markka) Greece (drachma) Jugosiavia (dinar) New Zea. (pound). (zloty) \ Portugal (escudo) .. Rumania (leu) Argen. (off, peso). Argen. (unoffl. peso) Brazil (milreis) Chile (peso) Peru (=ol) Uruguay (peso) Mexico (silver peso) Hongkong (dollar). Shanghai (yuan) India (ruppee) Japan (ven) (n) Nominal:

U. S. STATEMENT

WASHINGTON, May 12 (U, PB) ernment expenses and receipts for current fiscal year through May 0, pared with a sar geo.

00604 00052 0001

1.000014

1.06004

1.00%

o\Ofteres.

Gove the com-

Thi ast Year Expenses $6 800. S78. 0. 10 "® 105. 275,190.20 Receipts .. 5,305674,500.80 4.239.978. Gross Def Net Def .. 30 Cash Bal.. 2.801.198.0190. 34 Work Bal. . 2.223 821,590.39 Pub Debt 34 484,714.455.24 35. Gold Rsrv 12,870,864.028 37 11 856. 830. 121. Customs .. 322 369, 354. 85 413,031,14

INDIANAPOLIS CLEARING HOUSE

Clearings

Debits . 8,131,000

FOOD PRICES

GO. May 12 (U7, PP) _-Apples— Michigan McIntosh, $1.15 1.25, PRiveet Potatoes Tennessee, bushel hampers. £1.10 @1.15. Carrots—Illinois, bushel, 50a 65¢ Spinach-—TIllinois, bushel, 40@75¢. Tomatoes Plorida, lugs, $1. wh) Cauliflower California, crates, 1.90 Peas—California, hampers, £1.50% 2 crates, [email protected]. Onions Texas Yellow Bermudas,

CHIC

Florida, aS ORS)

“Celery (50-1b, $1.3041

See Final Edition of the Times for Closing Stock Quotations

and Other Late News

mittee, organized three months ago to draft a new declaration of party principles for the 1940 election cam= paign, will make a preliminary report, today to Dr. Glenn Frank, com=mittee chairman. Nine regional chairmen, appointed by Dr. Frank to guide more than 200 committee members in “sound= ing the nation for the little man's viewpoint,” will meet in private session and exchange reports on activities of their subcommittees, representing all séctions of the country. When their reports are completed they will map a program for the committee to follow for the remainder of the year,

PLANT IS DESTROYED BY BLASTS, FLAMES

Hammond Chemical Co. Loss Put at $100,000.

HAMMOND, May 12 (U. P).— The American Chemical Service Co. plant was destroyed by a series of explosions and fire early today. Loss was estimated at more than $100,000. Two workmen, Elmer Beckman and Paul Stupek, were in the re= finery when the first blast rocked the one-story structure shortly before midnight. They escaped uninjured. A second blast and a series of | lighter explosions shook the downtown section and brought all avail= e fire apparatus to the scene, Cleaning fluid was believed the cause of the explosion.

CL UB HEARS GOVERNOR

Governor Townsend today was guest and speaker at the luncheon of the American Business Club at the Columbia Club.

ROCHESTER, May 12 (U.P) .—A 60-year-old squaw of the Algonquian

demand fair; |

demand |

Indian tribe, which many years ago | roamed the Indiana countryside be= [tween the Wabash and Maumee | Rivers, was ordered to leave the | city today to calm fears of eight | persons who charged she had “hexed” members of their families. Police Chief Paul Whitcomb said {the complainants insisted many | persons have been made ill and that (a girl is in a critical condition from spells cast by Mrs. Irene Ray, wife of a white farmer, The accusers had demanded that Prosecutor Murray MeCarthy file formal charges of witchcraft against ner. She was arrested yesterday on a nominal charge of vagrancy. Mr. McCarthy found that Indiana has no statute covering witcheraft. The accusers asked that Mrs. Ray be exiled. She was released from the jail last night after she and her huss band, Lewis Ray promised Chief Whitcomb that they Would leave

23 W. Ohio St.

ORE ADEQUATE INSPECTION OF PLUMBING URGED

Polluted Well Near Angola Cited in Convention Plea For Legislation.

Dr. Verne K. Harvey, State Health director, today joined in a plea for legislation to provide for more adequate inspection of plumbing in

public buildings. He also ordered the inspection of | restaurants used by tourists for a check of food, milk and water Ch plies and sewage disposal system, Lester Miller, State Health Board engineer, urged the legislation ard terday at a final business session of the Indiana Master Plumbers Association at the Hotel Lincoln. He declared that at present he is the entire plumbing inspection staff of the State Board. State and local plumbing inspectors, provided for under a proposed State law, should be put under Civil Service, according to a resolution adopted by the 200 master plumbers at the convention.

Cites Polluted Well

Mr. Miller cited as an example of the need for more adequate in= spection, a polluted drinking well at a restaurant-bus stop near Angola, The pollution has caused 19 cases of typhoid fever in three states, he said. Dr. Harvey stated Health Board engineers, investigating the report of a Steuben County health officer, found that drinking water at the bus stop was contaminated due to faulty location of a septic tank. It was discovered that overflow from the tank, which is 17 feet from the well pit, was seeping into the drinking supply. Most of the typhoid cases are hospitalized in Angola, Dr. Harvey stated, but three others that trace back to the bus stop are located in Ohio, and one in California.

Says Inspection Needed

Commenting on the faulty loca= tion of the septic tank, Dr. Harvey said: “With adequate State inspection of plumbing in public buildings, this condition would have been arrested long ago. Legislation to provide more adequate plumbing inspection and restaurant inspection is clear= ly needed.” Under the present system of res taurant inspection recently established by the State Health Board, eating establishments are rated according to sanitation conditions. The code, however, applies only to restaurants in five health districts in the southern part of the state. In other sections the board is urg= ing communities to adopt model or= dinances ces along similar lines.

STUDENT HANDBILLS ALLOWED BY HAGUE

(Editorial, Page 16) PRINCETON, | N. J, May 12 (U, P).—-Twelve Princeton University freshmen reported today that they had succeeded in passing out 600 handbills in Journal Square, Jersey City, advertising the demonstration against Jersey City's Mayor, Frank Hague, which will be held on the campus here tonight. David H. Kennedy, Whittier, Cal, a member of the student party, said Jersey City police at first hegan confiscating their handbills last night but that on orders of Mayor Hague, whom the circulars denounced as a “destroyer of f[ree= dom,” the police returned them,

ON THE RADIO

TONIGHT

6:00-—<Rudy Vallee, WIRE, 6:00-~Kate Smith, WFBM., 6:00-Alfred Wallenstein, WGN. 7:00-<Good News, WIRE. 8:00-<Bing Crosby, WIRE, 8:30-Americans at Work, WFBM. | 8:45—Secretary Wallace, NBC,

If you can forego “Baby Snooks” and the rest of the star-studded “Good News” show at 7 p. m, you will find a new summer concert series beginning at the same hour tonight over NBC-Blue,

NBC microphones will pick up the Toronto Symphony Orchestra in the first of a Thursday evening eyele. Reginald Stewart, 37-year-old Scots man, is the conductor, and another Scot, the famous violist William Primrose, will he soloist. The broadcast will come from the University of Toronto. The 100- «piece orchestra will be starting its fourth season of Promenade Concerts, modeled after Sir Henry Woods’ similar series in Queen's Hall, London. More substantial than the Boston “Pops” programs, Mr. Stewart's selections will include the Beethoven Symphony No, 17, Benjamin Dale's “Romance,” with Mr. Primrose as soloist, and the Polovetsian Dances | and Chorus from Borodin's “Prince Igor.” The Toronto Bach Chorus will assist in the last number,

” ” ”

For more music there will he Alfred Wallenstein on MBS-WGN at the same hour, playing Mozart's “Petite Riens” ballet music. Busoni's Concertino, and Rizner's Rhapsody | No. 1... . With Victor Bay (CBS. #@ ® =»

(The Indianapolis 1

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WFBM, 8 p. m) will be Margaret Daum, soprano, and Max Pollikoff, violinist, in a "musical essay” on Hungary The BBC Symphony is slated for an unhackneyed hour on MBS. WOR at 1 p. m. tomorrow. Clars

| ence Raybould will conduct Stravine

sky's “Card Game” ballet (in three deals); the Intermezzo from Goofs sens’ opera, “Don Juan de Manare”'; a suite from the ballet, “A Lion in Love” by Rathaus, and Berlioz’ “Roman Carnival” Overture.

Ld ” » There will be more distinguished “visiting firemen” on the Thursday variety shows this evening. Include

ed are Grace George, Dennis Hoey and Cecil Humphrey with Rudy Vallee. They'll do a scene from the current Broadway revival of Some erset Maugham's “The Circle.” “Good News” is to have Robert Montgomery and a newcomer, Rita Johnson. Also, of course, Fanny Brice and two players from tomorrow’s “Paradise for Three” at Loew's ~Robert Young and Frank Morgan, The Crosby hour will entertain Basil Rathbone and Isabel Jewell of the movies, and the violinist Toscha Seidel. And Kate Smith will revive |a radio version of the popular “Five | Star Final.” Gabriel Heatter's “We the People” will go off the air until September at 5:30 p. m, today (CBS), with results of Mr. Heatter's peace-senti-ment poll. . And Secretary of

| Agriculture Wallace is to speak toe

“Industry and the Ever (8:45 p. m, NBC-

[night on Normal Granary”

| Blue),

THIS EVENING

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Rochester Exiles Squaw Accused of ‘Hexing Light

They have lived here six years. Records showed they came | to Rochester after they had becn | ordered to leave Plymouth, “The parents of a

town

condition resulted from a spell cast by Mrs. Ray,” Mr. Whitcomb said “A physician said the girl is suf fering from leakage of the heart.” Mr. Whitcomb said complainants charged tha: Mrs. Ray has been aided by a powerful male confederate in Plymouth. “They said he could chew dimes into pellets and would blow them into a board, pronouncing his curses at the same time.” The person thus hexed was supposed to wither and die,

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KEY NETW ORK 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, 750; WHAS, 820; KMOX, 109%: WBBM, 776.

| MUTUAL—<WOR, 710; WHK, 1300; WHKC, 640; CKLW, 1030; WSM, 650.

CROSSWORD PUZZLE

HORIZONTAL

Answer to Previous Puzzle

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1 The painted

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17 Gaiter.

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0 19 To eat no

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21 Sheltered Rio

place. 22 Pastry, 24 Ratite bird, 25 Rumanian coin, 26 Idant. 27 Food container, 28 Senior. 30 Railroad. 31 Derbies, 32 To make lace. 34 Astringent, Man. 38 To shackle, 40 Procreated, 41 Above. 42 Preposition,

(ND

43 Upon. 44 Road. 45 Congregated %0 Tone B. 52 Form of “be.” 53 Horse food. 54 Father. 56 Wanderers. 59 Story pub lished in parts 61 She was the

a symbol

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29 Branches, 4 31 Hummock. DARROW. 33 Rootstock. 35 To praise. JIM 37 Optical glass. 39 Relieved. HE 40 Sowed. VERTICAL 44 Genus of frogs 2 Sinned, 45 Arabian, 3 Temperature 46 Sound of division on inquiry. the earth, 47 Refuse from 4 Female sheep. pressed grapes 5 Type standard 48 Per. 6 Solitary. 49 To mena. 7 Caterpillar, 51 Sicknesses. 8 Either, 52 Wine vessel 9 Snowshoe, 55 To perish.

wife of King 10 Low mountain 57 Sound of wee Of Israel, 11 To bury. 62 Her name is 14 Toward. 16 She perse«

surprise, 58 Compass point 50 Southeast. 60 Like.

0 Jil

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1; Block West of Meridian