Indianapolis Times, Indianapolis, Marion County, 23 May 1938 — Page 13

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MONDAY, MAY 23, 1938

STI FCSN ARG iat fy

STOCK. LIST FIRMS,

ERASING

EARLIER

PRICE UNEVENNESS

Chrysler, Sears Roebuck | Score Highest Gains; Turnover Light.

NEW YORK, May 23 (U. P)— Prices firmed on the Stock Exchange today after early irregularity. Trading was dull. Early in the fourth hour, U. S. Steel was at 43'§, up 3s; Chrysler 42%, up 1%; Bethlehem Steel 447% up 9%. International Nickel 44%, up 12; Westinghouse Electric 75%, 14; Western Union 207, up Standard of New Jersey 46's, changed; Montgomery Ward 30%, up Is,

17 > Ny

” = ”

Today's Business At a Glance

GENERAL BUSINESS

American Bureau of Metal Statistics reports April domestic lead | production 39,291 tons vs. 36, 436| previous month and 46,468 year ago; shipments 25952 tons vs. 31,052 | previous month and 55,200 year ago; | end of April stocks 156,715 tons vs. | 143,511 previous month and 128,462 | year ago. American Trucking Associations, | Inc., reports April movement of | commodities by motor truck 3.33 1 per cent below previous month and | 14.22 per cent under year ago. Bureau of Internal Revenue re-| ports April whisky production 8,071,383 gallons vs. 19,116,957 year ago, off 59 per cent; April with- | arawals 4,944,898 gallons vs. 5,449,404 | year ago, off 9 per cent. Treasury Department reports April | ethyl alcohol production 14,900,000 gallons vs. 19,600,000 year ago; April withdrawals 10,481,408 gallons Vs. 12,208,870 year ago; April 30 stocks | in warehouses 33,076,188 gallons vs. | 26,651,225 year ago. CORPORATION NEWS EK

American Crystal Sugar Co. and | wholly-owned subsidiaries fiscal vear ended March 31 net profit | $1,234,465 equal to $2. 33 a common share vs. $1,807,707 or $3.79 year | ago. Florida Power & Light Co. 12 months ended April 30 net income $2.199.752 vs. $1.558486 year ago. Illinois Central R. R. Co. April net operating income $731,759 vs. $961,609 vear ago; first 4 monthy 1938 net operating income $3,922,759 vs. $4,029,860 vear ago. | Manila Electric Co. 12 months ended March 31 net income $791, | 075 vs. $823,779 year ago Middle West Corp, and subsi- | diaries (exclusive of Central TIlli- | nois Public Service Co. and Lake | Superor Power Co.) March quarter net income $350.853 vs. $203,929 year ago; parent company only quarter net income $201,246 $65,135 year ago. Montgomery Ward & Co. quarter | ended April 30 consolidated net | profit $2,101,946 equal to 33 cents a common share vs. $3,466,355 or 60 | cents year ago. , Utah Power & Light Co. 12 months ended April 30 consolidated | net, income $1,536,629 vs. $1,601,064 year ago.

Warner Bros.

VS.

CONSIDERS DOUGLAS FOR EXCHANGE HEAD

NEW YORK, May 23

up | un- |

and Sears Roebuck 55, up 7. | [ uniform hogs commanded 5 to 10-|

| dium

| and choice. Receipts included a few |

{ other

March |

(U. P.)—|

[Bris k Trading Brings 10 Cent Hog Advance

All [cents higher active trade today, Bureau of Agricultural Economics. The advance put all weights 25¢ | [above Friday's levels. Top advanced to $8.85 for good and choice

160-180 pounds averages. Several lots of strictly

than Saturday in an

choice,

| cent Packing sows showed 18-

with Friday,

premiums.

ly $7.65 te $8.10. There was less classes of cattle,

action on all

in line with the weak close last

according to the |

25-cent gains compared | son! selling within and ex- | treme range of $7.50 to $8.25, large- |

| Curtiss- |

weights of hogs worked 10 |

| | | | | | | |

week. More cows were included in | | the receipts than has been the case |

in recent weeks, and buyers the opportunity weaken structure in this division. a so called inbetween grade, namely top cutters and plain and mebeef cows, ruled weak to] 25¢ the cheapest grades only weak.

Vealers Unchanged

seized | F the price | Ir } Cows of |

{ |

off, with best beef cows and | Gen

| Cons

THE INDIANAPOLIS TIMES

PAGE 13

NEW YORK STOCKS

By United Press

Net

| Last Change | tnt 4 | Int

Adams Exp . LE 18 Air Reduc. .... 45% Air Way Bl ... ¥ : Ya Alaska Jun 10 Allied Chem 145 Am Can pf . Colortype.. Com Ale

Safe Razor 17% Smelt 34> 8 Sugar ..... 22% Water W. Anaconda Armstrong Ck. Atl Refining

2a 28% + 2038 de Bald Loco ct Balt & Ohio Balt & O pf Beatrice Cr Beth Steel Boeing Air

SWAIN

Cal Packing Can Pacific

| Celanese

Cent Aguirre Cerro de Pasco Ches Corp oe Ches & Ohio... Childs er

26. :

| Col Gas pf A .. | Com

Solvents Comwlth & So Cons Edison Oil Can Oil Corn Prod Cr Cork cupfxw 201% Wr 4°

Cont Del

Du Pont deb i

Elec Boat PD & 1 $6 pf El P & 1 $7 BExcello ..

Flintkote

Electric Motors ® Motors pf 116% Gen Ry Si Rl Gen Rty Goodrich Goodyear ...... Gt North pf .

Gen Gen

Most steers graded medium and | Greyhound Cp.

good and practically nothing was | here to exceed $9.00, mostly sales $8.35 to 9.00. A car of strictly good | heifers was still held late at

$9, | | with most fed heifers $8.50 to $8.75, |

and plain and medium grassy de- |

to $8.25. Bulls heavies $7.00 to

$7.50 most

scriptions, firm, with

| $7.50.

went $9.00

Vealers argely at to $9.50 for

cars of southwestern stock heifers | ling weights. Country heifers at $7.75 to $8.25, and good steer calves up to $9.00. Nothing choice

the sheephouse to take advantage

| of a steady to strong market com- | pared with

late last week. There | were two double decks of 90- -pound | Texas shorn lambs at $7.65 and | medium to good clipped offerings $7 to $750. Best spring | lambs stopped at $9, choice grades eligible higher.

9 | Pub

and Gil

Good Good Good Good Good

Barrows (140-160) (160-180) (180-300) 1200-220) (220-250) (250-290) Good (290-350) Good Packing Sows— (290-350) Good 1350-425) (325-150) Good 75-550) Medium sia ughter Pig 100-140) Good and choice . Medium . CATTLE —Receipts, 1205— Choice Choice

choice choice. . choice . . choice .. choice choice... choice. .

dl and and and and and and

and choice..

75% 7.50@

(750-900) (900-1100) (1100-1300) (1300-1500) 1750-900) (900-1100) (1100-1300) (1300-1500) (750-1100) (1100-1300) Medium (750-1000) Common Steers and Heifers— (550-750) Good

Medium

~100 XDD ODE “IPPON O NDONNPOUG

(plain) .. 00a

Ss > 3

Heifers Good ‘ Medium

Common §T5@

| All Weights— Good yy

Medium Common .. (All weights) Cutter

“Medium and common

Selection of Chairman William O. |

Douglas of the Securities & EXchange Commission as first paid | president of the New York Stock Exchange, was advocated today by

Louis Guenther, publisher of the Financial Work. In an article eatitled Douglas?” in the May the magazine. Guenther that “no one is better qualified” for the paid-presidency of the EXchange than Douglas since he is acquainted “with what the Adminis-

“Why Not 25 issue of | contends

tration wants and is equally aware |

of the policies needed to restore the Exchange to a high place in public esteem.”

DAILY PRICE INDEX NEW YORK, May 23 (U. P.).— Dun & RBradstreet's daily weighted price index of 30 basic commodities,

compiled for United Press (1930-32 |

equals 100): Saturday (mew low) cies. Week 880 vate Month ago ...... Year ago ves 1938 High (Jan. 10) (eeeveese.117.06 1938 Low (May 21) ..-.

107.18 108.36

LOCAL PRODUCE

Poultry—Heavy breed hens, 15¢; hens, 12¢; heavy breed broilers, and over, 18c; Leghorn broilers, and over, 16¢c; bareback broilers, roosters, 9c. Eggs—No, 1 strictly fresh eountry-run eggs, 16'%c; (each full case must weigh 55 Ibs. gross; a net deduction of 15 cents for each full case under 55 Ibs, will be made). Butter—No. 1, 27>2@28c; No. 2 25 25'2¢. Butterfat—No. 1, 22¢; No. 2, 20c.

FOOD PRICES

(U.P).

Leghorn 1%2 lbs. 1%; lbs. 13c; old

Apples - Sweet Pota-

$1.05 71.15.

CHICAGO. May 23 Michigan McIntosh, $1@ 1.25. toes— I'ennessee, bu. hampers, Carrots —- Illinois, bu., 65490¢c. Spinach— Illinois. bu... 10@35¢. Tomatoes—Florida, lugs, $1.35¢ 71.65. Cauliflower—California. crates, $1.75% 1.85. Celery--Florida, crates, $2@ 3.50. Onion Market (50-lb. sacks) Texas Yellow Bermudas, [email protected]%,

See Final Edition of the Times for Closing Stock Quotations and Other Late News

| tive,

v+.106.21 |

| steady,

.147.96 |

.106.21 |

{ Ibs.,

ve3rlines Excluded (all weights, Good (beef) . 6.7¢ (All weights) ‘Medium Cutter and common Vealers (All weights) Choice

(All weights) Medium .

(All weights) Good Cull and medium

Receipts, (250-200) Choice Nn Good Medium Common f Feeder and Stocker Cattle Steers— (500-800) (800-1050) 1500-800) (800-1050) (500-1050)

Cholce Choice Good Good .. Medium Common

Good and Cholce.. Common, medium. BHEEP AND LAMBS

~-Receipts, 762— Lambs (shorn) “hoice

Heifers— (550-750) 6.75@ 6.00@

1.50

Good and choice .....vvvsese Common and medium ......

CHICAGO, May 23 (U ceipts, 17,000: 7000 directs. strong to 10 cents he top, $8 8.80 160-230 Ibs,, $8.65@ 8.80; 240-200 lbs. $8.50 @8.70; 300-350 lbs., $8.35 8.55; 200desOwWs, $7.50@ 7.85, butcher Kinds to Cattle — Receipts. 16,000; good and choice 1

00D 3.0 1.00@ 2.00 Hogs—ReMarket, ac-

Pr).

1500 calves; fed steers, top, 0.35: = Pé loads, $9.75 fl common and medium steerf and lig yearlings, 10 to 15 cents lower; 300 and choice heifers, steady, early top, 9.25; several loads, $8.75@9; common and medium grades heifers and sows, 10 to 15 cents lower: bulls and vealers unchanged; sausage bulls, $7.25 down; vealers, $10 down; few light veal calves. Sheep—Receipts, 9000; 7100 direct; fat lamb trade, slow; very few early sales; undertone weak to Jower; few ads. clined lambs, $7.25@ 17.50; best above, $7.7 oth ing done on spring lambs; insite “supply sheep, strong. choice 114-119 . _slaughter ewes, [email protected]; toppy Californ as at outside.

FT, WAYNE- May 0: Market, steady to Be X20 lbs., $8.70; 180- 200 1b $8.50; 220-240 lbs $5" 30; 26-280 lbs., 300-325 1bs., $8; 160 lbs. $8.40; Ibs., $7.90. Roughs, $7: lambs, $8.50;

(U, B.).— S TE,

140Yoo: 120 $9.50;

$7. "8.15;

calves, $6.50.

2: 120- 140 hy

stags, $5.75: clipped lambs, LAFAYETTE, May 23 (U, P.).—} Market, 5 to 10 cents higher; 160- 200° Bos.. $8.650:18.75; 200-250 Ibs. $8.5068.60; 250325 Ibs. [email protected]; pigs, $8.50 down; roughs, $7.75 down Calves, $8.50 9; $9 down.

CINCINNATI, May 23 Receipts, 2990, 370 direct; market, active, 25-30c higher; top, $8.90; $8.80; 100-130 lbs. 658 15; good packing sows, [email protected] Cattle-—Receipts, 1000; "calves, ket, rather slow, fairly steady, and odd lots fed yearling steers, short loads good to choice 609-1f, heifers, $9.40; plain to good beef cows, [email protected]; low cutters and cutters, $4.506:6;, top Sausage bulls, $7.25; vealers, firm; top,

Sheep—Receipts, 200; none direct: market, generally fully steady; bulk good to barely choice a r lambs, Pe @9.75,; clHped lambs quo mainly down;

spring lambs, {U. P,).—Hogs— fairly 225-250 bulk

500; martwo loads $9; two

choice slaughter ‘owes anes [email protected].

unchanged to sell | good | | Am Cyan BR Am Lt &

Hall Print Herc Pdr ... Homestake Hupp Motor

Ind Rayon

Curb Stocks

By Unitea Press NEW YORK, May 23 (U. stocks opened irregular,

P.). Open 1 Tr

| Am Sup Pow and steers in calf and light year- |

buyers took !

Barius Stl El B& S Lake Shore Min

i Noma Elec

| Red Bank Oil was on hand in |

| American Loan Co | Citz Ind

| Ind Railway | Intarstate

3 | Kokomo Water Works

Pantepec Oil .

Tech Hughes ......

LOCAL ISSUES

IBY Indianapolis Bond & Share Corp.) The following quotations do not actual bids or offerings, but indicate the approximate market based on buying and selling mquirfes or recent transactions BONDS

| sent

Hos 46- 51 Tel (TH) 4! H Tel & Tel J H Tel & Tel ™ Ind Asso Tel 4lss 65 Int Tel Co 5s 60 Inc 5s Tel & T Indpls Water Co 6 bs Kuhner Pack Co 4s 49 . 9 Morris § & 10c Stores 5s 50 Muncie Water Works 5s 65 Noblesville. HL&P 5'.s 47 Ohio Tel Service 6s 47 Tel 4'2s 65 .

[ Richmond WW 5s

I H Water Works 6s Trac Term Co 5s 57

STOCKS Belt RR St Yds com Belt RR St Yds pid Cent Ind Pwr 77, pid Home T & T Ft W 7%

{ Hook Drug Ine com

AU | Tnd Hydro Elec 77, 2 | Indpls

Ind Mich 7% ae Ind Gen Serv Co 6% nfd.....

Gas Indpls Pwr

com & Lt 67

| Indpls Pwr & Lt €'2%

| Line Nat

| N Ind Pub Serv

Life Ins N Ind Pub Serv pid 6” Co pd Ste N Ind Pub Serv 77% Pub Serv of Ind 67%.... { Pub Serv of Ind 7% | Progress Laundry Co com S Ind Gas & Elec 4.8’ Terre Haute Elec Co 6%

| Union Title Co com

Van Camp Milk Co pf

| Van Camp Milk Co com

| exchange easier rates on

Engtond

{ c anada

| Belgium

| Sweden

5 | Denmark

25 |

| Peru

| |

( | Shanghai i India

(By M. P. Ty

Crist & Co.) rest ment Corp » 20 0.81

FOREIGN EXCH ANG GE

NEW YORK, Mav 23 (U. P.) Foreign Follo g are

foreign cu

| Market St

Change 20 5-16 00 5-16

$4 95 5-16 4.94 9-16 99 1-16 0277% Wit

(pound) Eng. (60-d. hill rate)

{doll ar )

{helga) (mark) mark) (fr

Germany Ger. (travel Switzerland anc) Holland (guilder).. (krona) (krone) tkrone) 2 Australia (pound) 3.96': Czechoslovakia (koruna) Finland (markka). Greece (drachma) Jugoslavia (dinar) New Zeal. (pound) 3.¢ Poland (zloty) ' 1 Portugal (escu Rumania (leu) Argen, (offl. peso) Argen. (unof. peso) Brazil (milreis) . Chile (peso) 1801) . Uruguay (peso) Mexico (peso) Hongkong (dollar). (yuan) (rupee) . Japan (ven) - n Nominal; ninal; o offe: rod,

CHICAGO PRODUCE

Eggs— Market, cases, fresh graded than cars, 10%

Norway

~.000012

0014

do)

0007

steady; receipts, firsts, cars, 20 extra firsts, cars, less than cars, 20" ac. checks, 17% ye: rent receipis, 19c; dirties, 17'ac; Dagken firsts, 21'4c, storage-packed extras, aC Butter— Bross Jos; 24® 297 123 Vac. 252 26¢c; standards, score), 22Vsc; centralized Poultry- Market, trucks; ducks, 1361l4c; 18'2@10'2c; Leghorn chickens, 21'2@23'.c; broilers, 20@21e¢, fryers, 156 10c. Cheese—Twins, 13'46113'%¢; @l4c: longhorns, 13%, 4c. Potatoes — New Triumphs, $1.906:1.95 umps, $1.90@ 2.05; umphs, $1.95@2; $2.05 2.10;

cur-

-Market, easy; receipts, extra firsts 190-91 extras (92 seconds, ec, centralized (89 score), 23! irregular;

20@ 21e; turkey

daisies, 13

Alabama Bliss Mississippi Bliss California supplies, liberal; demand fair; market, firm. Old stock: Idaho Russet Burbanks, $1.8062.10; Michigan Russet Rurals and Green Mountains, $1.606:1.65; Minnesota Russet Burbanks, $1.55; suppies, moderate; demand, fair; market, | 264;

on track, 420; shipments,

U. S. STATEMENT

WASHINGTON, May 23 (U. P.).—Government expenses and receipts for the current fiscal year throvgh May 20, com- | pared with a ysar a This hr Last Year .$6,788,164,168.40 $6,665, 028,737. 47 | . 5,398,640,008.37 2 1,389,524 070.03 1,331,052,220.03 2,675.433,305.46 . 2.085.910,608.86 37,444,661,756.32 3! 12,899,082 083.18 320, n. 216.03

HE. Vals, 916.

Expenses Receipts Gross Def Net Def . Cash Bal.. Work Bal Pub Debt Gold Rsrv Customs

927, "640, 314.23

INDIANAPOLIS CLEARING rearings EE

“NEON ® SIGNS ®

Indianapolis Electric Sign Co. 228 N. AEA, LI-5674

HOUSE 2,331,000 5,758,000

“430,163,630. 85 |

| | |

| Nat

High Harvester « 51% Nickel .... 442 Int T oT: 8% Kresge DS ... f Kroger G&B .. 13%

Liq Carb Marine Mid

Stl

| Minn=- Moline’ i Mo-K Tex pf { Monsanto vere Mont Ward

| Munsingwr

Murray

Biscuit Dairy Dept St Gypsum

Nat Nat Nat

{ Nat

at Na . x Nat Sup vetin . N Y Central ... No Amer

| No Pacific

| Pac West

| Paramt | Pen &

Ohio Oil Pac G & El.... Oil . Pict 4 Ford

Packard

{ Penn RR

| Pet | Phelps | Pierce O | Port

! Procter

| Sout h

Corp Am .. 9°44 Dodge .. 2 pf A Ric-Am . & Gov. Serv Oil

Public Pure

Radio Eh Radio-K-Or Revyn Spring Reyn Tob B

Schenlev Dist Schenley Dist Rocbuck Un pf Pat Socony-Vac So Por R Sug.. South Pac . Ry Corp Ine

pf 6

rey iegel

FREE

—- 8 | aasa—~2d

PD... Std Pranus

Low 51% 44! 2 8% 5

13%

Last C 51% 44); B%

5 13%

aaa

pe CBD > CID N= TTBS

@ =

Net hange + % | + 1

"15 | Un Air | United Corp

| Std Oil Cal | Std Oil N J

| Studebaker S

| Un Gas U8

ym-Gld x

Texas Corp ... Timk-D Ax .... Tri-Cont

Union Carb .. 6! ly 5% 3% Un Aircraft Cp A " Lines .. ows

pf.. mp_.. 10%; Pipe & F.. 32 S Rubber

United* C

+ | UB Steel

N. Y.

Bonds

BOND PRICE INDEXES By United Press

20 Indus,

| Saturday

| Week ago | Month

| 1938 (Copyright,

opened irregularly

“| Argentine

repre- | merely | tevel |

| trading

and Continued pressure on

{ light

noon cable | Net

| Bank of

0.8 198 aa . R30 9

ago Year ago 193% High Low 1938

NEW YORK, May

Allis Chal 4s Am I G Chem 5'as 4s Feh 78 Canada 3s Cons Oil 3'2 . Erie 4s Gen 6 Italy 7 c Pac 6s 5% town 4s

Youngs

23 lower.

20 Rails 54.3 HER 5.6 95.0 70.0 19.8

20 Util, M8 95.2 21.3% 101.8 95.5

89.8

QU. PI. Open C 061,

Bonds |

76.6 796 |

95.3

98.1 | new buildings and equipment for the | 82.5 | company's

| U

Yellow Tr

WESTINGHOUSE PLANS SPENDING

| offices, | seven states

8 Steel pf

5 . 44% 44 ye ' ras TIVB

Woolworth

ad ITN

Ft. Wayne Radio Stations

Included in Building Program.

PITTSBURGH, May 23 (U. P.) 12 million dollar building and expansion program affecting district ‘radio stations and plants in was announced today by--A. W. Robertson, chairman of the hoard of Westinghouse Electric & Manufacturing Co. This sum, approximately the same as that appropriated for similar projects in 1937, is being spent because of the company's desire “do its share” in priming pump” and because of faith that a

{ revival of business is in the offing,

| | | | |

70.5 |

— Bonds

Net hange

oo CROP FUTURES

AT SEASONAL LOWS

Winnipeg Weakness Exerts Pressure; Corn Eases.

CHICAGO, May

23 (U.

* P)

Standard Statistics Co.) |

| provements of ing facilities, warhouse and storage | [ buildings, | items

| Springfield

{ while in Maryland, | spent

Weakness at Winnipeg influenced a | further decline in wheat prices on

the Chicago Board of crop

and the new

wheat fut

dropped to new seasonal lows,

At the end of wheat cents,

oats

corn were off the

market after

the first was vas off %

off to 3s cent, the opening

hour

Trade today,

ures

of 1%

cent,

local

largely

due to weakness at Winnipeg, where | prices declined 15% to 2 cents, forced

the new

since 1934

crop months to new lows 2 | for the season and the lowest prices

| Westinghouse plant

| Liverpool closed lower due to the

cased tension in

Europe and

re-

| newed wheat offers from India and { Russia.

Foreign interest ican wheat was over

in North

Amerreported as

| H. Losche,

very |

the week-end, and very

few sales of wheat were confirmed. Receipts of wheat in Chicago today were estimated at 87 cars. Corn prices dipped slightly under

influence of wheat,

export buying a modest export

although some was evident. business

Only

corn

over the week-end was confirmed Receipts of corn in Chicago today

were estimated at

759 cars.

WAGON WHEAT

Citv grain red, 68¢ ‘ash corn,

other new No,

elevators

are naving for

grades on 5

their vellow, 49c,

ARGENTINE | BUENOS AIRES, May futures apened irregularly

Whee at

88%c 66'5¢,

June, Corn. June, up ac Oats Flax ff lac.

30'ac $1.20%

June June,

LIVERPOOL

Equi

valents £

BANK

America Bank of Manhattan Bankers Tru

| Bank of | Brooklyn

42.418 | less

storage- |

1.373.047 |

(88 | |

Cen t ral

n < HN Continental .. Corn Exchange Empire First National

| Guaranty

| | ts. | |

Irving ! Manufacturers National New York

City

Trust

| Public

Title Guarantee

ofl

ofl off Yc

GRAIN 23 (U. P) lower Isc. July,

Yee; (July

WHEAT 156d on Stier Close 073, § 04%, 9174

STOC KS

97% $

94% 91%

July, $1

merits

Oats

Grain

80%¢

65% ¢c

20%

Hng Prey Close 97% O47

| 611.99,

| M. Armstrong,

{ lions, | 19-year-old

02% |

TEMPLE U. STUDENTS | CALLING FOR FREUD

PHILADELPHIA, May 23 (U. P.). | —The American Student Union at | | Temple University today urged that |

stock: Louisiana Bliss | Tri- |

White Rose, |

| Dr,

and “father

be |

| offered the chair of psychology at | the Philadelphia institution.

In an open

boat. Mr.

| 51° | 1 |

Sigmund Freud, Austrian-Jew | of psychonalysis,”

letter to President

Charles E. Beury and the univer- |

sity trustees, the

ABU,

in the

current issue of the monthly publi- | “Princeton Has

| cation, Tempo, said:

| Its Einstein:

We Want Freud.”

Mr. Robertson said. The largest expenditure—8$6,500,-

000-—~will be made in Pennsylvania. |

Improvements there will include

transformer division at Sharon, facilities at placements,

Fast new general

Pittsburgh; reequipment, manufacturlaboratories and at Pittsburgh, East Pitts burgh, Trafford and the steam division of South Philadelphia.

Radio Stations Included

In Massachusetts, two dollars will be spent at Boston, East and other points. The allotment was $1,500,the Westinghouse the meter works Tren-

New Jersey 000 for work at Elevator Co., Jersey City; works at Newark, the lamp at Bloomfield, Belleville and ton. In Ohio, $600,000 will be used for improvement of the small motor vision, Lima, $200,000 wili be for improvements, new buildings at the radio division, Baltimore, Another $50000 was work in Indiana, including improvements for radio stations WOWO and WGL, Ft. Wayne, ings will be erected, equipment stalled and repairs made at the in Emeryville, Cal About five million dollars of the total sum will be spent for equipment, including new InecHinery,

DEMOCRATS REPORT $19,755 DONATIONS

Campaign contributions of $19.755 were reported to County Clerk Glenn B. Ralston today by

Committee. were $19.-

Democratic disbursements

County Total

Included in the report of disbursements were 57': pages of ‘‘messenger service,” pay for which ranged from $3 to $10 The Republican Candidates Committee, a group of candidates associated with Herman C. Wolf, Republican nominee for Mayor, reported receipts and disbursements of $6199.65. - The report was filed by Vayne group treasurer.

‘DODGE HEIR TO WED PHONE OPERATOR

ROCHESTER, Mich., 23 (U P.) .—Daniel Dodge, 20, share in the Dodge motor car milwill be married soon to the daughter of a fishing Mr. Dodge's mother,

G. Wilson

May heir

tug Mrs. today. Mr. Dodge's fiancee MacDonald, Gore Bay, Ontario, telephone operator. Her father is captain of a Manitoulian Island tugThey met two years ago when Dodge was staying at his summer home near Gore Bay. The fortune to which Mr. Dodge is hear has been estimated at more than $9, 000,000,

TONIGHT 6:30 WFBM HEAR JORDAN CONSERVATORY TWO PIANO PROGRAM

of HAROLD TRIGGS AND STUDENTS

captain, Alfred

SUBSTANTIAL SAVING ON GERMAN AND ITALIAN

TOURIST CHECKS @

AMERICAN NATIONAL BANK Southeast Corner PENNSYLVANIA & MARKET STREETS Member Federal Deposit Insurance Corporation

“Mr. and Mrs.

A. leave ne

they can well afford to go.

THEY CAN AFFORD TO GO

month for an extended trip”"—and Their Retirement Income Plan started some years ago with the INDIANAPOLIS LIFE—pays them a handsome check each month as long as either of them live,

Arrange the SURE way for YOUR Retirement Income check.

INDIANAPOLIS LIFE INSURANCE COMPANY

Edward B. Raub, President

Production Cut,

to | “the |

other |

million |

di- | and other Ohio plants, | repairs and |

alloted for

Two new build- | in- |

Albert treasurer of the Marion

leaving a balance of $143.01. |

to a |

Loreen |

OIL INDUSTRY’ POSITION BEST SINCE JANUARY

Improved Refinery Market Are Important Aids.

TULSA, Okla, | Despite a serious production situation in Kansas, the petroleum industry appeared today to be in its | best position since the beginning of the year. Slashing of 400,000 barrels daily from compact

finery market to give the industry | a bolstering shot in the arm. Small operators in the shallow stripper well areas of Kansas, however, reported their situation almost | desperate. Cut off from their principal market through refusal of Sinclair-Prairie Oil Marketing Co. to buy their oil, the little fellows were facing a critical condition.

Typical of the small Kansas oper- | come- |

outlook was that of a pany engaged in repressuring an old shallow field long since out of | the stage of lush production. The operator told the United Press: “We're in a tough spot. We can't stop pumping: we can't stop putting (the water into the offsets; we .can't gell our oil when we do get it out of the ground, and if we shut down we lose the equivalent of months of work.” | (Shutdown of a stripper well | causes it to flood with water, mak{ing recovery of the oil extremely | difficult.)

ators’

0il Unsuitable

A spokesman for Sinclair-Prairie said the company had discontinued | takings in a small area of Kansas | because of the “wholly unsuitable quality” of the oil produced there. | The crude had a very low percent-

in other areas, Art L. Walker, Secretary of the Interstate Oil Co. Commission, announced last week that current slashing of crude production allowables for the compact states, basing | figures on 162% per cent of their | May 1 production, would mate 400,000 barrels. The refinery market last took an inexplicable turn for | better. Gasoline demand sudden spurt late in the week and

was reported in firm position today. |

Natura! gasoline and the grade distillates were Steady.

B. & 0. HERE DROPS

lower

Discontinuance Approved

When Loss Is Shown,

Discontinuance by the Baltimore & Ohio Railroad of its local passen[ger tran service between Indianapolis today by ice Commission, The discontinuance date was fixed | as June 4. At the public hearing on

the petition representatives of the road showed that operation re-

sulted in an average monthly loss | of $5000 during 1937 and the first |

three months of 1938. Indiana cities which have been | served by this line are Rushville, Connersville and Liberty. The Commission stated that the railway

in its | order express agency bus

mail

routes for for

and

transportation express

tion for these points, sion said. The Ballimore & Ohio has been operating one local train each way | daily. ARRANGE FARMER'S RITES VINCENNES, May 23 (U, P) | Funeral arrangements | completed today by Sam 56-year-old farmer near here who | died Saturday of burns received | while fighting a fire in a brooder house,

May 23 (U. P).— |

state oil production | combined with a fast improving re- |

age of gasoline, he explained. A pro- |

[ration of 15 per cent was in effect | completion of flood control |

approxi- | =. week |

the | showed a |

CINCINNATI TRAINS

and Cincinnati was approved | the Indiana Public Serv- |

proposes to establish motor |

to these cities. | | Bus lines now provide transporta- | the Commis- |

were being | Murphy, |

ON THE RADIO

TONIGHT

| 6:00~Monday Show, UBS,

6:30—Richard Crooks, WIRE, 7:00-Radio Theater, WFBM. 7:00--James Melton, WIRE, 8:30-—Eddie Cantor, WFBM. 8:30—Burns and Allen, WIRE,

America's most popular persons of Swedish descent, and Charlie McCarthy, who, he says, is “Swedish on Bergen's side,” will salute the

Scandinavian kingdom in a special NBC-Blue broadcast at 7 o'clock | tonight. { The program commemorates the tercentenary of the founding of New Sweden on the Delaware. Also it gives a “preview radio salute” to Crown Prince Gustav and Princess | Louise, who will arrive to visit Pennsylvania's Governor Earle on June 28. With the popular comedy will be Swedish Ambassador mar Bestrom and perhaps Mr |gen's mother, whose name is [Nellie Bergren—not Bergen,

team BerMrs

" LJ

WIRE has unusual NBC | broadcasts arranged for 4:30 p. m today and 9:30 a. m. tomorrow

two

of Maries de la Mer, near Arles France, This is the scene of the annual pilgrimage of Southern Fu | ropean Gypsies Included in the | description will be the election of the Gypsy king and queen, and the {all-night vigil in the crypt of St | Barah the Egyptian { Dr. Walter Starkie, professor | Spanish language and literature | the University of Dublin, will be | commentator

ol at the ”

Attorney General Cummings is expected to discuss prison reform

| » ” ”

| later,

| recitals

They will originate from the shrine |

| phony

in his NBC-Blue address at 8:30 o'clock tonight. And, an hour Secretary of Commerce Roper will speak over CBS stations on “Giving and Taking in Trade Development.”

The nine students of Harold Triggs who participated in the Jore

”

| dan Conservatory's two-piano fese Edgar Bergen, certainly one of |

tival last week will be heard on the Jordan weekly broadcast period at 6:30 p. m, today—WFBM. Mr, Triggs will be at the second piano.

» » uw

daylight At $0)

CBS has *two

music programs for 1:30 p. m.,, Maria Maximovitch, prano, will give the second of two devoted to Polish songs. Roderick Labunski will be come mentator, and Mme faximovitch will include two of his songs on her program. At 2:45 p. m., there will be a pros gram from the Westminster Choir School's festival week in Princeton, N. J Roy Harris, the composer, will speak Charles Ives’ "67th Psalm” is to be performed by the festival choir under Joseph Laute ner's direction. And the Roth Quars tet, with Johanna (Mrs. Roy) Hare ris at the piano, will give a first performance of a Quintet by Arthur Farwell WFBM broadcast

mviuneg tomorrow

will the earlier only

carry

” n

Merle tinguished ter Huston Bruce when

will have 8 dise supporting cast in Wale valph Forbes and Nigel she stars in Somerset Maugham's “The Letter on Lo= night's Radio Theater hour. . v Choirs from England, Scotland, Ire« land and Wales and the BBC Svine will be heard in an NBC« Blue broadcast of the Empire Day concert in Albert Hall, Londons 1:30 p. m. tomorrow,

Oberon

THIS EVENING

(The Indianapolis Times 1s not

responsible for

inaccuracies In program ane

nouncements caused by station changes after press time.)

(CBS Net.)

(NBC-MB

| IN ANON

| 4:00 Jack Shannon 4:15 tet

win 4:30 ea Tunes 15 bs "

hon

News Gypsies Rollini Trio Bohemians Boake Carter Popeve » News

Harry Bason U'nele Frra Diek Tracy

| | | | | [ 6:00 : 'W. 0. A 6:15 Musical Moods 6:30 Conservatory 615 " "

ewman's Or wm Ludlow ie chard James Melton

Unannounced Great Rivers " he

no Radjo Theater 3 " 1 ”"

» ) ”» 5 "

w. Kine’ » or. Eddie Cantor

Contented ”n » Burns-Allen " "

Amos. Andy

| 3 00 Entertainment 9: Lum & Abner 0:3 0

Piek-Pat Baseball .

INDIAN APL Is WIRE 14

SE or.

Orphan Annfe

Crooks "

CHICAGO WGN 720 (MBS Net.)

——

C WR iam on (NBC “Wh

Bill Anson Golden Journey Sophisticated Orphan Annie

Piek Tracey Happy Gilman Sport News Lowell Thomas Sweet & Low Clark's Or. Hob Elson Bolognini’ s Or, SL ———

Or.

Don Winslow Franklin Let's Celebrate r Sullivan

Burps-Aljen Mengner’ 8,

Richard Crooks Long Ragravr

- m— Operetias

Crosby’ 5, or.

Bologini's Or Tomorrow's Trib,

———

Mysteries » i"

True “Fn Ize

True-¥False

Men's Program Weber's Or,

—- ———————— — Amns-Andy Kresup Erion Sorige's Or,

Prima's Or Pancho's Or,

10 wn 10:15 10:30 10:45

New " " Hamilton’ x Or, " " Pryor’ » Or Thompson's

1:00 Nacturne Brennan's 1:15 Certain Four 34 ho 1 a Sanders’ Or, 1 » ’

Hudson's Or,

Or.

Or,

. - — Paul Sullivan Dance Or Watkin r Kirk's Or Crosby's Or, Review Welk's Or Martin's

Welk's Or

Or, Hudson ys, Or.

INDIANAPOLIS WEEM_ 1230 (CBS Net) (NBC Devotions News " » ”» ”»

6: an Early } Birds 6:45

Musical Clock Dessa Byrd News ————.

Mrs

“FTF }

}

Wicew

meer

=3 3

> __ Btepmother

Milky Way Apron Strings B aa

Pavid Harum Lorenzo Givpsies 1 Linda’ x

Degsa Byrd

Footnotes 3 Romeos . th

eal Life Love Bride dell Farrell

Mary Edna Mrs,

= | 1 Ps | geo -

Medal Hour ” "

Singing Sam

Sd hk ———— | 22 a3 | ay 353535

Farm Hour

Farm Bureau Farm Cirele Rotemians ews

kk od >=

)

Headlines

folie 8 — Ww

Aldersgate

te | 303

v ET ed Varieties

sw—> |

Song Story

- wr

3 }

He alth Public Schools Choir Fest, Congress Talk

G. A. R Four of Us Methodist 1. Salerno Let's Pretend U'nannounced " " Women's

Varieties Hughsreel Speedway

Wg | wa - pe =

—-—iy—-

non River Sharie's Or, Tea, Tunes

High School News Johnnie Audition

aaa | wwe -l—-2

23%

KEY NE TWORK

NBC-BLUE-WJZ, 760; WOWO, 1160;

r—

r———

Woman in White

Jones

Touring Stores

Imogene Plerson

WIRE Reporter Pep Program Hatterfields Backstage Wife Clubs

Johnson Book

TUESDAY PROGRAMS

INDIANATOLYS WIRE 1400 MBS)

CINCINNATI WLW 500 (NBC-MBS)

Mute Box

CHICAGO WGN 720 (MBS Net ) —— — Hueh Cross Kevelers

Good Morning Jean hhev \ aaa

Merrymakers Peter Grant Gospel Ringer Experience c—

C rane Joy ce

Melody Parade Dr. Friendly

Hymns Myrt-Maree Hillton Mouse Betty: Bob

Mary Marlin Goldberg Down Our Way Kitty Keene

nr Friendly O'Neills News-Weather ¥Farm-Home

Get Thin Children Painted Dreams Stella Dallas

HM. Turner Contrasts Quin Rvan Mail Box " ”»

" fve Stocks eggy Tudor

Kinte St Musie pervices H. Turner Melody Time June Baker

Len Salve Sr —

Linda's Love Unannounced " "

per Young Songland Melody Parade Musical Moods

Leadoft Man Bageball,

ie-Sade _ Guiding Light Harding’ s Wile Ma Perkins Aces Hich Life Road

Houseboat Marv Nowthern Ringing Lady Editor's Daughter ee —————— Bill Anson Airliners

Dick Tracy Happy Gilmans Paul Douglas Lowell Thomas

Orphan Annie

STATIONS (Subject to change):

WENR-WLS, 870; KWK, 1350.

| NBC ~-RED-—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670,

| CBS—WABC, 860; WIR, | MUTUAL—WOR, 710; WHK, 139%);

750; WHAS, 820; KMOX, 1090; WBBM, WHKC,

640; CKLW, 1030; WSM, 650,

announced |

Send for Interesting Folder on Employers Mutual Fire Insur \ ance Service. Address \ office below,

THE

AAR

EMPLOYERS

OA Fire can do more than destroy property. It can cripple your business to such an extent that it may take months. even years--t0 recover the losses that an inter. ruption may cause, Fire Insurance covers only insurable values, What about those orders promised for delivery «+ perhaps on contract? What about orders in process which your customer expects on time? Your records, your machinery, raw ma. terials -« could you replace them quickly enough to enable you to get going again without a serious patronage loss? Fire Insurance is not enough. Fire prevention is just as important.

MUTUAL LIABILITY INSURANCE CO.

INCONVENIENCE

fields. Place your

Completa

NOME OFFICE: WAUSAU, WISCONSIN

EMPLOYERS FIRE

Fire Insurance with EMPLOYERS MU. TUAL and get both, EMPLOYERS Mu. TUAL Fire Insurance Policies are written at standard rates to meet every protection requirement and policyholders share the earnings of the company. Through divis dends, which have never been less than 25%, substantial premium savings are made. In addition, policyholders obtain the Fire Prevention Services of EMPLOYERS MuTUAL Safety Engineering Department which is outstanding for its accomplishe ments in the casualty and fire insurance Investigate this valuable service, Phone or write for further information,

MUTUAL INSURANCE CO.

Automobile, Public Liability, Workmen's Compensation Plate Glass, Burglary, Fire and Tornado Insurance

Indianapolis: 1108 Circle Tower, Lincoln 2311, Herbert Highurg, Branch Mgr.