Indianapolis Times, Indianapolis, Marion County, 24 May 1938 — Page 15
PAGE 15
ON THE RADIO
TONIGHT didn't hear the broade a cast, seems that Franklin P, §:30=-11 Juissn, WFBM, Adams (F. P. A.) got stuck on two 7:00—Vox Pop, WIRE. | lines of poetry—though the news= 7:30—Benny Goodman, WFBM. | paper columnist has a notorious 7:30—Fibber McGee, WIRE, | knack for remembering verses. Next
id .. WF [day he discovered that the trouble= 80-4] Remy's Orel, WPBN | | some lines were his own, from &
dl poem written 10 years ago.
THE INDIANAPOLIS TIMES
NEW YORK STOCKS
By United Press
| POW-JONES STOCK AVERAGES 30 INDUSTRIALS
TUESDAY, MAY 24, 1938
EASIER TENDENCY REPLACES OPENING STOCK STEADINESS
®
Utilities, Motors Decline; Record Saool U.S. Steel Off Point; | pply
Volume Light. Pares Porker Rates 15 Cents|cp rene ...
Chrysler i
BUTLER CROWNS QUEEN OF MAY «AT CELEBRATION
‘University’s Annual Alumni Celebration to Be Held Here on June 11.
case you
it
i
High 16'% 54% Th
12%
i High Low
Net Last Change | | Yesterday ‘8 | Month ago | Year ago High, 1938, High, 1937,
Net Last Change 16a . Si
1318 12% 181, 11% By 207% 1 26's ‘ee 46%, 8 4
40.72 40.98
Air Reduc Alaska Jun Allegh Corp . Allied Stores Allis-Chal Am Eur Sec ... Am Inter Am Loco Am Pwr Am Rad Am Tob B...... Am Water W .. Anaconda Armour Ill “» Asso Dry Gds .. Atchison 26 Atl Refining . Atlas Corp pf
Schenley Dist .. ears Roebuck Shattuck Shell Un Oil . Socony-Vac . 12 So Por R Sug . 1812 South Pac 11% Sperry-Corp 207 Std Oil Cal ... 26'% Std Oil N J . 46% Stone & Web 8 Studebaker
, Va
134.35; low, 98.95, 191.40; low, 113.64,
20 RAILROADS
Mutual will air its first big an exclusive Hollywood broadcast tonight when it brings you the press-and-star preview of the new film, | ‘Alexander's Ragtime Band. The | program will come from the lobby |0lis 125-piano festival, of the Cathay Circle Theater at|tune in CBS-WFBM at 10:30 p. m. Probably WGN will| tomorrow for a program | carry the broadcast, since it's on a | Dayton Piano Symphony. | Hawaii to New England network. | The group is made up of 10 | Honored guest will be Irving Ber- | Dayton, O.,, women pianists, directed lin, subject of this film biography. | hy Mrs. Emma McClure. They gave And the picture's stars, Alice Faye, |a successful Carnegie Hall concert | Tyrone Power and Don Ameche, in New York during the past | will have a prominent spot, | winter. For their 15-minute program Also scheduled to be present are | tomorrow, they will play the Bach {Joan Crawford, Robert Taylor, chorale, “Jesu, Joy of Man's Desir= | Spencer Tracy, Fannie Brice, Si«|ing,” and Strauss’ “Beautiful Blue mone Simon, Al Jolson, Constance | Danube.”
un 1 too much of a comes hearing the Indianap= you might 1:45 p. my, by the
” isn’t after
If it down
| Yesterday
Month ago Year ago High, 1938, High, 1937,
TPO 2 O .. Tide W A Oil 20th Cent-Fox.. : 20th Cent-Foxpf
low, low,
32.33: 64.16; 28.91,
20 UTILITIES
EE
CIS D2
Butler ebration,
University's May Day celtwice postponed because | |of rain and cold weather, was to | 'be held at 2:45 p. m. today in the! | formal gardens of the Fairview | campus. The May sored by
8
WIRD RD
wow
Bald Loco ct | Ban & O pt
Yesterday Un Aireraft Un Air Lines
| United Corp
Cp Bangor & Ar Di
Beth Steel Borden
Month ago Year ago . High, 1938, 2 High, 1937, &
a
A
U
2 J. P).—An| 24 (TJ. P UtP&LA
easier tendency developed on the] stock market today after early steadiness. Volume continued light. United States Steel declined a point from its high to 423s off % | net. Nonferrous metals also declined. Sears Roebuck lost a point to 5415 Westinghouse Electric which reached 77% up 135, lost of the gain. Chrysler declined point net to 42. Small solidated Edison, International Harvester, Public Service of New Jersey, American, Montgomery Standard Oil of New Jersey Woolworth.
NEW YORK, May Can Pacific ....
Celanese
-
NANT "EN
BO 8
Ee
Day program, sponthe Woman's League, , | Thespis and the Arthur Jordan | | West Auto Sup A
"| willys Overlnd 2 2 +, | Conservatory, was to be observed | Wrigley 6 8
by 150 students of those organiza-| Bennett, Irene Dunne, Paul Muni, | k © tions. Miss Jane Deranian, rep- (Barbara Stanwyck, Deanna Durbin,| moowing his NBC-WIRE broads BELIEVES STEEL resenting her alma mater, was to|John Barrymore and Virginia
crown Miss Jean Booth sueen of | Bruce. | cast tonight, Dale Carnegie will tell the festivities » % Ww | you how to win friends, etc., at 6:30 oe a Row Ys Wn nn we Je TTIOR Clarification Will No rus Was J Sinus
Mrs. Jane Ogburn Bruce, drama | p. m. on Saturdays. The new day= director at Butler University, was | and-hour schedule takes effect | Radio pf N As The annual Butler Alumni Day | CR Red on Be Create Demand, Maga- | celebration on June 11 is to include | though it probably as ou un zine Says.
NRX Eas
Yesterday Week ago | Month ago | Year ago High, 1938, High, 1937,
9 | vanadium
a
a
i ; ’ ownward to- | Cleve Graph Br Hog prices reacted d Fe an Be day under the largest single day's | Comw ESdiso .. : | Comw & So .. Comw & S ol. Container Cont Bak B Cont Can Cont Mot Cont of Del Crane Crown Colter os Curtis Wr ..... Curtiss Wr A...
2 Wes Oil & S
ro ~ 8 =a
414.42; 69.67;
’3 supply to date this year, according to the Bureau of Agricultural Eco- | nomics. The late count was expected to approach 11,000 head, putting Indianapolis in second place among the country’s leading markets from a salable supply stand- | point. were noted in Con-| Considering declines at practically General Motors, | all points, the 15 cents reduction on Kennecott, | all weights here on 11,000 hogs made North | for a creditable trade and values | Ward, | held relatively well in line, [mice Auto 'L, -. and Trading was active at a top of | Elec Fer & Lt | $8.70, paid mostly for 160-180-pound | Bo & L 371 averages, and a good clearance was effected. Packing sows escaped with | only weak prices compared with | Monday's advance, selling from $7.50-$8.25, mostly $7.60 to $8.10.
Steers, Cows Steady
i Ut Dit DO et D-II den
o
pa HOOD M103
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Net 2 High Low Change | Nat Bnd & Sh. 4 - | Nat Distillers | Nat Lead .. 230 | Nat Pwr & Lt N Y Central ... IN Y Inv cee { No Am Avn | No Pacific
193 - all 20
al 1
a> 0 Paul de Kruif will join last week's experts for the second airing of the new “Information Please” program | at 6:30 p. m. today on NBC -Blue. | This show combines the popular ingredients of question-and-answer and audience participation, with the studio guests asking the ques- | tions. There was an amusing
Ia 3 1 8 12! 2 “} Va i "
Deere & Co Del & Hud Dia Match | Douglas Air Du Pont
losses ” ” ”
Those two famous movie butlers, Arthur Treacher and Eric Blore, are to engage in a discreet battle of gentlemen's gentlemen on toe night's Al Jolson show. And those old favorites, the Mills Brothers, will croon for you on the Al Pearce half-hour. n n
‘8s | Otis Elev
Paci kK ard moment
program, a gag. In
o a
Today's Business
" Fair
| Gen Electric Gen Motors Goodrich
{in charge of the program, and | June 4, Katherine J. Journey, one of the | sponsors, arranged the costumes. | Other sponsors included Gloria | Randolph. dance director at the | Arthur Jordan Conservatory, and Miss Marjorie Newman, Woman's League president. Ri chfiel ld Oil =r EA la tea, senior class day exercises, an | ” alumni supper and the Prexy Club | N. Y. ‘Bonds dance, according to an announce- | By United Press CLEVELAND, May 24 (U. P).— ne gE bi Schu | BOND PRICE INDEXES | Clarification of the steel price sit- | goarjet Quill, honorary organiza- | 2 n hn Bond uation for the third quarter is not ( tion for senior is to give a| Jing a, cA “ro | | expected to create much additional | tea for alumni. 56.1 95.1 3 buying, the magazine Steel said to516 9183 5.3 | day.
95.0 101.8 Independent mills probably will ! ; agal 13 se | follow the lead of Carnegie-Illinois | @vailable to Indianapolis high school |
ne a Steel Corp. in reaffirming current | seniors, prof A. Da ur L i" prices, the trade journal added, hut | man of the univers P
101.2 106.0 , committee, said. 92.3 a number of other factors must be | . J cleared up before any upturn in| The 1938-39 school year scholar-
59.3 106.2 . . ships are to be awarded' to June] 103.5 consumer demand can be looked for. a whit “stand Sn the Sine a Fhe question bf pig-iron. prices / 10 per cent of the graduating class : » has been settled also, |; Per C S% 58 | apparently ed . Oring that an have high scholastic records and | cad Net | Steel declared, reporting Ne are superior in character and per-| Open Crange | Bastern producer has |
p irme : " : Eas reaft " q sonality. | Alleghen? 14 | prices for third quarter and that | | Atch Top S Fe 4 the rest of the industry is expected |
I'fierh Steel 318s .. ove Ty a Ee J Canada is Beda 100 * | to take similar action. 4 ¥ ils ilies Ri Other Sources Help Output 1M
N Y Chi St I : . | 8s 60 Automobile production tapered | ass further last week and railroad buy- | ing continued at a minimum, but | » the magazine pointed out that shipCur b building and construction demand, NEW YORK. May together with miscellaneous buystocks opened firm. ing, are holding mill activity steady around the present rate. Steel estimated the national production rate last week at 30 per cent of capacity, unchanged from the preceding week. | Steelmaking scrap registered a further decline last week, although trade sources had been convinced : that the bottom had been reached. | '6n¢ed as delinquents instead of beFollowing a drop of 50 cents at |.N8 branded with specific criminal Pitsburgh and 25 cents at Chicago, | Sarees, Attorney Ce ural Omer steel's scrap composite price fell 22 | Stokes Jackson held today.
cents to $11.37, or $2.38 below the | His opinion was given at the re- | level of the first week in January. quest of Dr. E. M. Dill Indiana |
. . Boys’ School superintendent. The iron and steel composite |” 4 a res , dropped 2 cents to $38.50 and the In an opinion given to Robert B.
. : ‘ Hougham, State Teachers Retirefinished steel composite remained y 10:15 ment Fi 5 'y > ney go unchanged at $61.70. 1 ind secretary, the Attorney | jo.
ee | General said the estate of a de- | 10:
ceased teacher cannot claim dis- _ CUBA MAY TRY ability payments under the fund
ifter the teacher's death, Propose 20 Million To Balance New Budget.
THIS EVENING
(The Indianapolis Times Is not responsible for inaccuracies nouncements caused by station changes after press time.) INDIAN ArOL TS INDIANAPOLIS CINCINNATI WFBM 12 WIRE 1400 /
NV 700 (CBS Net. i» (NBC-MBS) (NBC-MBS) River Boys
Hizch School News Dick Tracy Shaw's Or, ews appy Gilmans Tea Tunes Paul Douglas n " Lowell Thomas
Hecker Prod .. Holland Furn Houd Her 2 Houston Oil
. i - After a slow start, caused by lower n program an
At a Glance bidding in the steer and cow divi-
GENERAL BUSINESS | sion, these two classes wound up
American Gas Association reports | : Ba March total revenue of the manu- Steady, light supplies of both sup- | factured and natal gas industry | DI the PI Ie $74,608,700 vs. year ago, | Side deman xX 5
off 2.1 per cent: rst quarter | around 15 loads of these on Arst revenue $233,128,500 vs. $235074,500 rounds at strong to 15-cent higher year ago, off 0.8 per cent. rates, while the activity continued Oil & Gas Journal estimates week | in bulls and prices held firm, nded May 21 domestic crude oil] A ear of strictly choice 1144- pL production averaged 3,164,283 bbls, [Pound steers scored $10.25 for the daily, off 176,728 from previous | day's top, a few loads of choice reek | 1208-pound offerings at $10, with a Veet [ bulk steers and yearlings, $8.40 to $9.50. Choice heifers made $9.25, several loads of good kinds from $8.75 to $9. | Nat Bnd Top bulls again stopped at $7.50. Vealers again held steady levels, | LOCAL ISSUES | with good and choice bulking at | gy Indianapolis Bond & Share Corp.) | $9 to $9.50, The following quotations do not repre$572,994 year ago; April loss $23,-| Shorn lambs had a steady outlet, | sent “actual bids or offerings, but mero 678 vs. profit $16,073 year ago. a double of fed Texas offerings [based on buying and selling inquiries or Norfolk & Western Railwav Co. again making $7.65, with small lots | recent iia April net operating income $960,280 | of other clippers $7 to $7.50. Best vs. $2,590,210 year ago; first four spring lambs, however, were quotmonths 1938 operating income | able to only $9 in line with losses $3.241,954 vs. $11.082,616 year ago. elsewhere yesterday. Kinds here toNorthern States Power Co. of | day made mostly $7 to $8.50. Minnesota 12 months ended March 31 net income $7,188,959 vs. $5,229,450 | year ago. Philadelphia Co. (exclusive of Beaver tion Co. and subsidiary) ended March 31 120 vs. $6,734,361 Reading Co income $497,192 ago. Schulte Retail Stores subsidiaries (exclusive of Schulco Co., Inc.) four months ended April 30 loss $114,955 vs. $60,887 year ago, April profit $8 loss $4127 year ago. United Air
CHICAGO WGN 720 (MBS Net.)
Bill Anson Airliners,
mt Harv 60 women,
Yesterday
Ne Johnnie Johnson
Butler University scholarships, Audition Book
valued at $100 each, again will be
Orphan Annie
Month ago Year ago Two vears ago | 1938 High | 1938 Low [ 1933 { 1937 Low 1936 High [ 1956 Low tCopyt ight,
Kroger G & B.
Christ. Science Boak Carter Bohemians News
Big, , Town Al Jolson
Easy Aces Varieties Dick Tracy Orphan Annle
Don Winslow Concert Or, A. Franklin Child's Or. “ountv Courier " Paul Sullivan
Ih V Coal
Camera Speaks W. H. Johnson Gould's Or Groen Hornet
Johnny " Johnny
Wayne King
SI=A_I am
Tonie Time 100, Dr. F. Sayre
93.
Co
reves S308 934 6
x Le=ilua
| Martin Gl McCall Corp McKesson&Robb Monsanto | Mont Ward
Arden’ s Or. Utley RX In Air Tomorrow's Trib,
Al Heidt's Or.
Goodman's Or.
Pearce Voy, Pon,
Fibher McGee
af o
1938 andard
CORPORATION NEWS +. a A. P. W. Paper Co, ended March 31 net vs. $2,788 year ago. American-Hawaiian Steamship Co. and wholls subsidiary 4| months ended April 30 loss $188,731
75 30'%
1215
YORK, May 24 (U. P.), Bonds
Mys te He rai Heroes Fidler D. Carnegie
NEW
opened
Inc. 9 months . op MAT Mysteries loss $126,747 Bolognini's Or, Northerners
Kemn's Or.
Ray 4 Clu Entertainment Screenscoons Sports Review Felton's Or.
& Inv 127% Ripley J D.
Fidler ( arnecie
| Allegheny 5s 49 Jeatiierton
nEER | adatared |
5s
| |
Musiec Talk Madricuera's Bologninl's Or. Liars’ Club
Amos. Andy Varieties State Fair Liars’ Club
owned Amos. Andy
Baseball |
15 30 15
or.
| DIT
S
” "
P. Sullivan Farber's Or, King's Or, n "
00 y News Shaw's Or. Holmes’ Or,
YOUTHS are
Peru Cugat's Or.
West
Ragtime Band
60 “ ; Liebert's Or, id " " BIS 102
Asked :00
| American Loan Co 5'%s 46-51 oe Citz Ind Tel LTH) 4's 61 .. i. oo 1 & W 5s 55... t Cw W 6s 43 . ios TT
Welk's Or, Randall's
10% 00 Molina’s Or, 105 Tn " - 106 106 98 44 89
net
Stocks
24 (U. P.).
i115 3 Gendron's Or, Or. Keating's Or. Randall's Or. Ind Asso 30 { Int Tel Co 5s 6 Ind Railway Inc Interstate Tel & Tel Indpls Water Co_3'2s . Kokomo Water Works 38 Kuhner Pack Co 4s 49 . MG Morris 5 & 10c Stores 5s 50.. ¢ | Muncie Water Works 5s 65 .. 0 | Noblesville HL&P 5'2s 47 .. {| Ohio Tel Service 6s suave Pub Tel 4'>s 6°F “ee 98 0 | § } | Richmond WW 5s 57 . 5 | 81 2 of Seymour Water Co, 5s 49 Technicolor
Eh op § ERI WHEAT STEADIES AFTER WEAKNESS
Trac Term co og 57
STOCKS Yds com Mild Liquidation E Eases Corn Fractions.
Yds pnfd
- Curb | Net , Open Changs
55 97 . 52s
‘Attorney General Opposes Specific Charges; Rules On Teachers’ Estates.
WEDNESDAY PROGRAMS
INDIANAPOLIS CINCINNATI WIRE 1100 WLW 700 (NBC-MBS) (NBC-MBS)
53. i, | Alum Co Am 2 | Am Air Barium El B & Gulf
INDIANAPOLIS WFBM_ 1230 (CBS Net.)
cago WGN 72 (MBS Net.)
Mugslo Box
and subsidiaries Valley Trac12 months income $3,319,ago.
net
Pioneers Hugh Cross
Devotions
Early Birds " ” Govt. Markets
| =
net
Boys under 16 and girls under 18 | years old should be tried and sen- |
” ” ”» ”
Musical C lock
Dessa Byrd News
Merrymakers eter Grant Gospel Singer Experience
vear Good Morning Veal " "
April
VS.
(00 (15
Kitty Kelly Myrt-Marge 30 Roundup 45 Stepmother 0:00 Greenfield ViL Apron Strings Big Sister Real Life
ary McBride owertown JE Mrs. Farrel
Mrs. Hymns Myrt-Marge Hilltap House _Betty- -Bob Mary Marlin Goldbergs Short Story Kitty Keene
Wiggs Crane-Jovee
Melody Parade Dr. Friendly
RR St 51a |
Belt RR St N “ve . Cent Ind Pwr 7%. D - Home T & T Ft W 7% pfd.. of 53 9 | Hook Drug Inc com .. “ven ty 14 | 21 Ind Mich 7% Ind Gen Serv 9 | Ind Hydro Elec | Indpls Gas com Indpls Pwr Lt
Corp. and Belt
rRW®E adeFader
choice choice. . choice . choice... choice. . choice... choice
White
Woman in
David Harum Lorenzo Jones Be Charming Linda's Love
Get Thin Children Painted Dreams Stella Dallas Rhythm Melodies Pedro's Violin Quin Rvan Mail Box
Co 6% pfd..... pid
375 Vs.
7%
48
10:00 Dessa Byrd Dr Friendly " " 0'Ne Newer iver Farm-Home
——
Lines Transport Corp. 67 . March quarter consolidated net loss ‘ $667,670 vs. $402.73 year ago; 12 months ended March 31 net loss $1.019422 vs. net profit $320,418 equal to 22 cents a share year ago. |
DIVIDENDS
American Rolling Mill Co. regular | quarterly $1.1212 on a 42 per cent | preferred payable July 15 record June 15. Boston Woven Hose & Rubber Co regular semiannual $3 on preferred pavable June 15 record i Bridgeport Brass Co. directors took no action on common. Ex-Cell-O Corp. 10 cents on com- | mon pay July 1 record June 10 vs. 20 cents April 1 . Krueger Brew took no action. National Bond & Inve >stment Co. 20 cents on common pay able June 21 record June 10 vs. 35 cents in previous quarter. Yearitngs Excluded Sterchi Bros. Stores, Inc., regular | Good (beet) rd quarterly 75 cents on first preferred | tier snd Loony pavable June 30 record June 20. Vealers Todd Shipyard Corp. $1 payable
weights) Choice 3 ‘il - weight June 15 record June 1 vs. like pay- ights) Medium 5; «Ll,
Foot Notes Ensemble
- or
No pfd 51% nid 670
Ind Pub Serv N Ind Pub Serv | N Ind Pub Se Pub Serv of In 5% | Pub Serv of Ing % . ~~ Progress Laundry Co con m . 1S Ind Gas & Elec 4.87, pfd Terre Haute Elec Co 67% Union Title Co com [email protected] | yan Camp Milk Co pt [email protected] | yan Camp Milk Co com 3 [email protected] | (By M. P. Crist & Co.)
8.25@ 9.00 . 8 Ne 3.2 | Market St. Investment Corp. . 2062
:2 FOREIGN EXCHANGE |
3 | ! 20 | NEW YORK. May Foreiazn exchange firm Following 4 oon cable
Medal "
——
State St. Man Musie Seryices
Touring Stores Singing Sam Gene Pierson Farm-Markets
Hour
Live Stocks Thomas Sawver Linda's Love Unannouneced Waltz Favorites " "
”"
Pigs 100- 140) Good ar — Medium CATTLE
Receipts, 1892 —
¥V a choice. . ”»
kt | NID
7.356 y CHICAGO, May 24 (U. Wheat prices developed a im] tone following the opening decline | fon the Chicago Board of Trade! today. At the end of the first hour of trading wheat was off 3 to %. corn! was off yy to !2, and oats were off ” rates on foreign currencies: .hs is to 3 8.25@ 9. Cable b | On the small rally in wheat trade | was evenly divided as scattered (buying strengthened prices, but the | | general tone of the market remained | | bearish, and sustained buying sup- | port was lacking. Liverpool was weak and other outside | little encouragement. The Winnipeg | market is closed today. Foreign demand for North Amer- | ican was disappointingly slow with demand overnight reported quiet. Receipts of wheat in Chicago today were estimated at 33 cars. Corn prices weakened on mild | liquidation through commission | houses, with some support from ex- | porters in evidence. Indications pointed to a moderate export trade overnight. Receipts of corn in Chi- | cago today were estimated at 259 cars.
Farm Bureau 750-900) Farm Circle (900-1100) Foreign Trade (1100-1300) (1300-1500) (750-900) (900-1100) 11100-1300) 11300-1500) (750-1100) } 11100-1300) 1 7 30-1000)
9.00@ 9.75
Community Called in Paroles
“A community into which a prisho will be returned must be pre-| pared for him,” Ray L. Huff, Dis- | trict of Columbia general superin- | | tendent of penal institutions, today 2 | told 32 Indiana county parole offi- | - {cers and investigators. Speaking at a training meeting | at the State Public Welfare Depart- | | ment offices, he said parole meth- | ods which require the parolee to report to an office are “obsolete.” “Today the parole officer must | have complete information not only | |of the man about to be released | from prison but also about the community which is to receive him, »
JUSTICE CARDOZO HAS 68TH BIRTHDAY
nt
| SGN
WIRE Reporter Headlines Melody Time
Police Court Chamber of Com,
Romances Musical Moods Stoke's Or L eadoft Man
Baseball
" "
Penner Young Hatterficlds Vic-Sade Guiding Licht
Harding’ 8 Wife Ma Perkins Julia Blake Road of Life
News Bohemians Kate Smith Ten Pianos
" ”»
Backstage Wife Public Schools Hughsreel Speedway
Susie Genter Wi Time 7.0064 Issue n yr June Art Assoc, _ Doris Rhodes
~ Keyboa rd
March of Games Famous Homes
Sie (550- 750)
Heifers Houseboat I
Marv Sothern Singing Lady Editor's Dauchter
Neighbor Nell Unannounced Poetry Soc Women's Clubs
(pound) th " (60-d h. rt.) ¢ (dollar) an
(750-900) Eng (550-900)
(650-900)
Good Medium Common
2)
" able & 75a " ————— Bill Anson Rubv's Musie Melodies Orphan
Dick Tracy Happy Gilman's Paul Douglas Lowell Thomas
Middleman's Or. News Unannounced " "
Eton w
Boys P. A, Tea, Tunes
ing Co. directors HAVANA, May 24 (U. P). — The Cuban Government may resort to the coinage of $20,000,000 in silver pesos and certificates as the only | | means of balancing the coming | 1938-39 fiscal year national budget. | Juan J. Remos, Secretary of State, disclosed last night that President i Laredo Bru soon will send a message to Congress requesting authori- | | zation for the new silver issue. | Treasury Department officials now admit that President Bru and his | Cabinet have studied the silver issue for the purpose of applying the | seignorage profit accruing from the contemplated coinage to take the i place of estimated revenues from | several new taxes which the Gove ernment had considered but dis- | carded because of vigorous protests | from economic and commercial | groups throughout the island. Facing a projected $83.000.000 budget while revenues are not expected to surpass the $79,000,000 { mark, the Government is desperate- | ly seeking new income to avert a
All Weights— . 6.753 6.000 5.90@ 6.25 7. 4.00@ 5.1
at the close Annie
markets offered
ts) Medium © and common Bulls (all weights) —
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; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 1776. MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 650,
| Australia (ib.) | Czechoslovakia | tkoruna) Finl'd (markka) | Greece t(drac'm’) {-Jugoslva (dinar) Port'g’l (escudo) Rumania tleu) (offl. peso) (unof peso) (milreis) .
tAll (All All | Cuil
weight s) Good ment March and medium Van Norman Machine Tool Co 40 cents on common payable June
20 record June 10 vs. like payment
CROSSWORD PUZZLE
Receipts, (250-400) Choy ce .-ie 300d Medium Common
Feeder and Stocker ‘Cattle
Uruguay (peso). Mexico (peso) .25 | Hongkong (dol.) 5 | Shanghai (yuan) India (rupee) | Japan tven) . { tn) Nominal. (o10fter ed
BANK STOCKS
[ America ............ 400: 42 U.S. Equivalents Based on Sterls
Manha it "1.94%,
(U. P.).—Associate Supreme Court Justice Benjamin N. Cardozo. cuperating slowly malady, observed his 68th birthday | quietly today, departing little from the routine he has followed for more than five months. The jurist’s friends said he was with high —— “making satisfactory progress” to-| i ward recovery but re to venture | a ye} an opinion as to when he would re- 14 Payment : turn to the bench. He is a guest ; at the home of Justice Irving Leh- demand, 15 Sky phenom=-
man of the State Court of Appeals. | widespread reduction of Govern- | enon,
63%ac, | sxpenses, which would t- in s a hid Tat (GASOLINE STATION Laas MANAGER IS SHOT
» | holders. 20 Caper. Would Cover Deficit 21 Cognizance. Times Special | MEDARYVILLE, May 24 State
| Should the $20,000,000 islver coin- | 22 Exists, lage be ‘effected the Government | 24 Ocean. i would receive a seignorage profit of | Police and officials of six counties 25 Tdant. com- | ; EE — about $12,000,000. This sum would | ake ny Spas Whe last | 26 Boveyar z OX | not only be sufficient to balance th» | Night sho mer Coburn, 55, man-| 27 Credit. 8 | DAILY PRICE INDEX projected expenditures and income | A8€r 0f the Farm Bureau gasoline | 29 Spain, NEW YORK, May 24 (U. P).—| for the coming fiscal year, but also | Station here, druing an attempted | 30 Strifes. Dun & Bradstreet’s daily weighted | might serve to cover a deficit of | holdup. Mr. Coburn, shot in the| gime strike. chest, was taken to Holy Family Hospital, La Porte.
11 Unfastens, 15 Its highest peak Mt, wee, 16 Basket twig. 17 Foxes are bred here on —fS 18 Shoulder blades, 23 Girdle, 26 Candle, 28 Headed 30 Method. 32 Sesame, «35 To arrogate. 36 An important industry here, fisheries. 37 Group of eight. 40 Auto body, 42 Beings. 44 To \ 2X. 46 Therefore, 47 Form of “aM 48 Fish. 50 Distant. 52 Greek letter. 53 Pound. 54 Musical note. 57 Upon. 58 South Americas
Answer to Previous Puzzle
N QO
HORIZONTAL 1 Map of U, S. Territory pictured here.
6 This land is mountainous
Inited Press)
refrom a heart
™
Steers— (500-800) Choice (800-1050) Choice (500-800) Good (800-1050) Good (500-1050) Medium Common
3 | PORTCHESTER, N. Y, May 24 : |
R
Z
oD
1000
D0» |= iim
mM > z|- THROM ~ OI"
det
2
NMADIIDD f—
6 00
ng
A Heifers— > . (550-750) Gond and Choice Common, medium SHEEP AND LAMBS Receipts, 534 — Is shorn)
Z|>
6.75® Prev Close A734 041 92
a =-3 pm
Hizh Close $ .963,
Low
500 Ould a tl a 2, ST DPW :
{P>|00|T
1 Lambs ine:
Stocks
BEATE
ARGENTINE BUENOS AIRES. May utures opened lower, { Wheat —June, 87c, 5.0
—
Commer l Continent al | Corn
GRAIN 24 (U,
n
Ov zm
pin,
P.}.—Graln
July,
Common Ewes Good and choice Common and medium
IZOD
oft off !
aC; 87'%e,
A TIC 0
lO
BOOS Lr 09 r= 0 Bh i= 1I a
Pir imo ™
May, 41)
f47ze, P A June, 30'4e, Flax-—-June, 81.1915,
unchanged.
2c; July,
ool I> oc 00 9
ANE SEE
emo!
I
unchanged, ofl ze; July,
CHICAGO. May 24 ceipts, 17.000; directs, steady to 10c . $8.5048.70; Sows,
.—Hogs—Remarket, ac- | lower; top
280-350 1bs.. 3 eo ; $7.50%@7.85- Title Guarantee
ave am wi| U.S. STATEMENT
S fully steady: "very | and prime medium ir May 24 (U. P.).—Govsteers on sale: not | ernment expenses and receipts the run; supply largely | current fiscal year through May s; top steers, $10.65 | pared with a year REO: loads, $9 30410 25: heifers This Yea steady: cutters. weak; bulls, | $6.805,7186, 530. 60 § vealers. steady to weak: 5 mostly $7.15 down; vealers, few £10 -Recei pts 2000: 700 direct: fat lambs and springers bulk Californi lipped lambs, 87 ie Mili shorn lambs, 3 1.25. nothing strictly choice nere; € ————— yegdy: few head shorn native ewes, 53@ | INDIANAPOLIS CLEARING Bank ae FT. WAYNE. May 24 (U. P.).—Hogs— | Clearings nr { Market, 15¢ lower: 160- 130 ths., : Debits 1 200 $8 35: 200 220 3 $
CHICAGO PRODUCE Ly Si
$1.197 42 Snaky fish: 43 Year, 45 Consequent,, 48 Southeast, 49 Provided. 51 Sleeping. 52 Sound of inquiry. 83 Camel-like animal. 55 Seed bag. 56 Particles. 59 One of ifs boundaries, — Sea,
60 It adjoins ew Oh the east, VERTICAL 2 Ogled. 3 Steel plated jacket, 4 Woos. 5 Ozone, 6 3.1416, 7 Behold. 8 Preposition. 9 Paradise. 10 Female relatives.
WAGON WHEAT elevators are pavine for other grades on their new No. 2 vellow, 49c.
——
ASAD RRARRIDS Hed
On Nn I te
City grain 2 red, 65c; { Cash corn, 25¢.
No nerits choi ce Oats weighty {onnage in vearli
lor 2 «l,
Gn
Group Ag
200 ON dn al 1D
Securities ah. 93 1 . 2 COWS Expenses Receipts Gross Def. {Net "Def late 35 cents
5, 4: 2 2.2: I
Sheep Monday ower 1s lam bs a
| price index of 30 basic commodities, | several million dollars in the pres- 33 To. jump. 2 | compiled for the United Press (1930- | ent fiscal year, which ends June 30. 34 Sturgeons. 8 | 32 equals 100): | next. 38 Bottle. | Yesterday 105.73| Government reveues for the cur- 39 Affirmative, Week ago 106. 50 rent fiscal year are estimated at 41 Membranous | Month age 107.95 | Slightly over $79.000,000, while Gov- | bag. Your uo 147. | ernment expenses, both budgeted 8 47.24 | and by special credits voted by Con1938 High (Jan. 10) 117.06 | gress durig the year, are expected 1938 low (May 23) ve.es.. 105.73 | to total approximately $83 000,000. These special credits were voted with the hope taht there might be
Cow KICKS MILKER | a surplus in Government income. RIGHT ON HIS PIPE | roo however, is now suffering
om a serious economic slump, caused by the drop in the world price of sugar, which is estimated to have affected Cuban business by at least $50,000,000. Although no Yesterday his cow became dis- | official figures on the status of pubsatisfied either with his smoking | lic income have been published | or milking and kicked him in the | lately, it is understood that collec- | face. The pipestem was driven | | tions are such that the Government | through the roof of his mouth and | might be faced with the sizeable several stitches were required. deficit of from four to six million dollars.
15 1 Customs Securities HOUSE
e OEDS $2.263.000 |
In Invest
87 Bnm 3.16
: 25; 120$9;
, $8.25; 775.
New Business Books Available at Library
st 5. calves, eli Dn "lambs. $6.50. LAFAYETTE. May 24 (U. P.) —H 15 cents lower; 160-200 1bs., Hot 50 200-250 lbs., [email protected]: 350-325 $8. j0as 25; pigs, $8.25 down; roughs,
Ives. Ve. 50@9; lambs, $9. CINCINNATI, May 24 (U. P.).—Hogs— 900, including 282 direct; marBLY 15c lower, fairly active; top. -275 lbs., $8.50; 100-130 Ibs.. $7.50 ai good packing sows, $6.75%@7. attle—Receipts, 500: calves, 600: salesupply market, active nd small good light yearling $9. part load good 66-1b. heifers, medium to good beef cows, $6.256 low cutters and cutters, $4.2565.75: low cutters around $4; top sausage $7.25; vealers steady: top,
including 670 diing lambs about steady: slaughter and higher; i lambs, © $6. 50 $2.50 13 5
The following new business books are now available at the business branch of the Indianapolis Public Library:
WILL. GOLD DEPRECIATE? By Einzig. “I am still convinced in the long run the price of gold will rise and will be fixed well above the present figure.
COLLECTIVE BARGAINING FOR TODAY 32ND TOM TORROW, bv Henry C. Metcalf The chaotic, countrywide collective bargaining situation. now recognized as the most important and complex of industrial problems.’ HOW TO USE YOUR BANK. hy W. H. Kniffin. The relationship of the bank to the customer with practical suggestions as to how to use advantageously the services the bank
f { Ln al, 2 | d Bol: Receipts, 23 ec. Xo 1 car, $ hens, | us; spring | 13 14c; | turkeys,
ap! i 243;5c¢; 1tralized (89 , Steady; , 13@14c; geese, llc; hens, 16%ec; roosters, 20@21c;
he tralize receipts, | ROCHESTER, May 24 (U.P).— | George Broge, 40, smokes a corn
able. i i i cob pipe when he milks his cow.
eady. steers, | $9.25; 14a | § 5.
Pn bulls 189.50 | Sheen rec ewes, choice spri ymbs mainly ‘wes principally
a Pe. GRIFFIN ; daisies, 5 |
Ta
SHOE POLISH
Ro RE RT about Receipts, 1075
io
shorn slaughter 50.
mal SECURITY—CONVENIENCE
See Final Edition
FOOD PRICES
CHICAGO, May 24 (U. P.).—-Apples — namie Michigan Molntosh, $212. Sweet, Pore. - y toes—Tennesee u ampers, [email protected] 606 SIGN HOLIDAY or IoN Carrots—Illinois, bu., 65@90c. Spinach— NEW YORK, May 24 (U. )— | mi Tiron bu. Ly @35¢. homatoes Florida. 0 o es today on | Jugs [email protected]. Canliflower—California, Wore 606 3 oy New York | Ces, [email protected]. Peas—California, hamp1e petition to close the ? ers, $1.404 1.75. Celery—Florida, crates, $2 Stock Exchange on May 28, the]
73.50. Onion Market (50-lb. sacks)—Texas Saturday preceding Decoration Day,
% 124; tr Putk. 422; shipments,
on
wor Bermudas, $1.25; Texas White ak, $1.25,
offers. MAKING AMATEUR PHOTOGRAPHY PAY, by J. Ezickson. “There is more eis and active interest in photography today than at any time in past history THE SHOPPING GUIDE, by E. P. Weiss and Maureen Mermey. ‘The specific, the incisive information SRich can Al if ho shopping, ore econpmica shopping, more satistaciory shoppin
of the Times for Closing Stock Quotations
and Other Late News
LOCAL PRODUCE
Poultry—Heavy breed hens, hens, 12¢c: heavy breed broilers, 1%2 to 2 Ibs and over, 18c¢; Leghorn broilers, 1%; Ibs. and over, 16c; bareback broilers, 13c;
old roosters, 9c. Eggs—No. 1 strictly fresh country run eggs, 16'zc teach full case must weigh 55 nr n t. deduction of 15 cents for eagh fu dull cate re 55 lbs. wi be made). Y2@28¢c; 2, @ 253m, © Buttertat—No, 1, 23; No. 2, 200.
15¢; Leghorn
ELEVATORS TO THE
SAFE DEPOSIT VAULT
Rentals $3 to $100 a Year
Security Trust Co. 130 E. Washington
