Indianapolis Times, Indianapolis, Marion County, 22 September 1938 — Page 25

EE A a rs |

}

' THURSDAY, SEPT. 22, 1938

STOCKS MOVE NARROWLY UP FROM OPENING

Trading Light in Most Sections; Mining Shares Are Off.

NEW YORK, Sept. 22 early afternoon trading slightly | above early lows that were 1 to 3 points under the previous close. Trading was light in most sections. Alaska Juneau was active in the gold mining shares at a loss of 2 point at 9. Motor shares were slightly above early lows but more than a point net lower. The steel division behaved similarly. Some of the oils were supported, notably Texas corporation which! showed a small gain after over-| coming a fractional loss made early in th session. Railroad shares! firmed slightly ranged to 2 points. Utilities were] dull at small declines.

Czech Bonds Break

Meanwhile Czechoslovak dollar bonds broke sharply in the face of a gencral advance in foreign obligations on the New York Stock Exchange. Reports of new uncertainties in the Central European crisis made for the lower trend in Czech issues in early dealings. Government 8s of 1952 broke 4 points to 71 and the 8s of 1951 lost 3 at 71, while Praha 7!:s of 1952 fell 4 points to a new 1938 low at 58. German issues steadied and Italian and Japanese funds rose fractions to a point and more. Serbs-Croats and Slovenes 8s of 1962, issue, advanced 33 points to 25'%i. Rails had early losses ranging to

‘Am

{A QU... P.). 1A —Stocks fluctuated narrowly in the;

{Am

| Bavuk Cig

pan

Y. STOCKS

—_—

High 58 A Ii ea 92 Allegh Corp Allen Indust Allied Shem

ii 0 “ee Car&Fdy “s Chain&C . Colortype .. Crys Sug .. Am Boe TH aan Am Hide & L .. Amt Home Pr... ; Mach&Fdy. Pwr&Lt .... P&L 6 pf .. P&L 5 pr A. Rad&SS ... Rol Mill Seating Smeit Smit 7 pf 3 Stl Fdies. .. RT ie inn-d

w -

3 | Am lA m

S SDE Dad dunTuis cre (ie Ow} 190. 1D 1s

ED 0D Be et ht pt BOLD et

|Am Am Anaconda ...... Armour Iil .. .. Armstrong CK... Artloom Asso Dre Goods { Atchison ....

BION RG DBS ¢ sr A Ba

Bald Loco ct ... Balt & Ohio.

Bendix Amn = i Beth

{ Bohn { Bdgept Brass .. | Briges Mfg Bkiyn MT Bucyvros Erie

Steel

UI ht DI BD UY 0D IBID UN OD = ps 1D

from declines that | Budd Wheel

Butler Bros

{Cal Packing ...

Zine. . &

Callahan Calumet

{Can Pacific

arcund a point in a quiet and easy;

domestic corporation section. International Hydro Electric 6s of 1944 sold off 214 points to 73, but other utilities eased only fractionally. Industrials declined narrowly. U. S. Government bonds edged off 4-32 to 10-32 point under light selling. Curb Issues Lower Curb stocks turned lower in early light dealings, but price changes mostly were confined to fractions.

ransactions in the first hour ap- |g

proximated 21.000 shares, the sma since Sept. with 23,000 shares yesterday. Babcock & Wilcox was a spot in the industrial list with a loss of around 1!2 points. Pittsburgh Plate Glass, a high-priced ,issue, had a similar setback. Brewster Aero, Fisk Rubber and Techni-; celor were down fractionally. In the mining group, Eagle Picher Lead, Consolidated Copper Mines and Mountain C moderate losses, Oils nd utilities wera easier.

Nest 11est

Securities Dejected on London Exchange

LONDON, Sept. 22 (U.

Celanese Certain-teed

Chrysler Coca Cola Col'im Gas Col Carbon Com Iny Tr Cm In Tr cv of Cmwlth & So.. Conde Nast Cons Aircerft Cops Oil Con RR Cuba bt Container Cont Can Cont Mot Crane Co “uh Crwn Zeller Crucible St Curtis Pub Curtiss-Wr Curt-Wr A

DR WDREIN ADDN DIND

- ND ANN

—

: “utler-Ham a Jugoslavian |" Br-nsn

Dome Mines Dresser Du Pont

Du Pat deb ..

Eaton Mfg .. Elec Auto-L Flec P & Lt El P & Lt $7 Elec St Bat . Eng Pub S . BEx-cell-o

Firestone T

10, compared | ! Gillett

weak | Gimbel

| Haves Bdy

City Copper ail had Houston Oil

Py..]

First N Flintkote ‘e Foster Wheel

Strs

abriel A .h Electrie ... Foods Motors .. St1 C pf... eS R Bros Goodyear Gotham Hos . Graham Pai . Granby Grant 3! North pf Grevhound Cp Grevhnd 5'z pf

Gen

10% lf «iS Herc Mot «vv 16% Houd Her B.... 13 » 13% Howe Sound 443g ! Hud Bay M&S ]

Ill Central .. Inland Stl . Inspiratn Cop. Interlake Ir ... nit Hvd El A... Int Nickel Int P&P Intst D 8S

Securities opened dejectedly on the Kelsev-Haves A

London Stock Exchange today fears that Premier Neville Cham-

oll | Kroger

Kennecott

G&B

berlain will return from his mission Lee Rub

to Adoif Hitler without a “real” peace plan Surprisingly, developed a steady tone as offerings | dried up. Holders of the issues,

“clutching at straws”

Ma Germany takes over a large part of yd,

Lib McN LL .. F Glass

| Lima, Toe

Czechoslovak honds | Tone Star Cem . 53%

facv

R . hoped that if | Mar El Wid gtd.

tag ory

the Czech industrial area she will McIntyre Porc. 46 assume a portion of the Czech ex-|

ternal debt. The

| Mi Government 8s opened unchanged yg

at 52 and City of Prague 7 held at its previous close of 45. The German Daves Loan s lipped ! one point to 49!':, however, British funds weakened under lead of war loans which lost point to 997%. Trans-Atlantic issues were slight- | lv easier. U. S. Steel opened at an | American equivalent of 23-32 point.

N. Y. Bonds

BOND PRICE INDEXES 20 20 Ris Ulils,

53.6 3.2

the

ofl

a0 Bonds

84 “8.3 80.3

dH.5 55.4 58.9 84.8 98.8 50.0 9

Yesterday

Month Age Year Ago Two Years / 1938 High J938 low 193% High 1937 Low 1936 High 1936 Low (Copy

pyrignt,

99.0 82.8 70. 100. 81 100.

2 2] A

istics Co.)

OVERNMENT BONDS Treasury Bonds High 107.26 105.30 101.8 101.20

Low Last 107.26 105.30 101.8 101.20

105 101.8

Now oy.

| | Last

111 43%

134

Suh

913g 38 €8

97 T 5! 66! T&T 414s 52 J

2 8 rk Ry 5s 69 4

b ME AMAna60

>S also | Monsanto

and |

“8.5 war

‘5 sources,

11635

cLellan St Miami Cop

Czechoslovak | Midland Stl

inn Moline CK Tex pl

"sane J | Mont Ward . 4434

58 53 9'2 is 311'2 173,

bt pt ft BS Cet

ft © No

“

CDI EI AD 4 STAOVROUI=DOUL-10 RBC

—_

w ne

COR CD pn pt 0 OT +t TY rs DD hn 60 50 BI yet :

BO oe

COW LI has DLL DO ow

Wom dG NN® RA Dw

BNI DO ADI »~

1012

Net Low Close Change

JLESHE ELE]

| |

FEAL LLL

Fei

FEE

EJERLLIE Ji

FEL

13s

iE |:

B+):

By United Press

1a ai 1. i | 1.1 Ss ls Cif 12

Yai is |

32 .2 7% a §11 2 12 4 1 la ‘a Sa 1a

3 4 1g Ss

| Mullins

2 8

“wh 3

a | 1

| Yesterday ouceevevieneennans

| Month age ....... ' Year age

1.1 lh |

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Net High Change .139.27 0.88 creed 136.22 3.27 L107 S054 153.98 —3.45 1938 high 115.67; low 98.95. 193% high 194.40; low 113.64,

20 RAILROADS

Week ago .....cveevns

: Yesterday

| Week ARG sriveensrrnssassssns | Month BEG cociersasensrasans 29.61 Year age 193% high 32.33; low 19.00, 1937 high 64.46; low 28.91.

13 UTILITIES

| Yesterday | Week age Month age .... Year ago | 1938 high 22.55: 1937 high, 37.54:

ar Sarasa

EEE EEE

low 15.14. low, 19.65.

| | i |

Net Close Change

High Low of

Murray

—N— [IN Ch & St L.. 12% {Nath Kelv ..... 9

Acme Ca = Rez

Dai . Distillers. 23 Gypsum . 3

Lt 3 io pt B 14513 , Steel Newberrv A pf 1413 Newport Ind.. N N a k 157 NYHA H& Hop Ship No Am avn’

5% . 241; 121

Y | 1s 17: 1 i" “a

| Pitts Sc | Press Stl Car..

" : Purity

! (Sears Roe

{ s E= ow ens Ti Glass

Ohio Oil Omnibus “ha Spon S oll ....

gokarg

Wr GD sk EE EF

Demande

1 COB bs RNOIIOpNBDO RONDO Dh

Phillips Pet

& B..

ow aN SR

Pure Oil

Shen . Bak ... 12

—

or IDB DBI LOD

ls 1 1

Sok et et

Sel... Cop .. Reyn Sprin {Richfield Oil.

ENN EN AN

Schulte R

“en

Shell Un oil. Ss

{South Pac

LIne:

1 a 's a

Texas Corp > T&P

{Union B&P

addaacdas Qh

South Rv ... South Rv nf... parks With...

ter] Prod tew-War “ tone & Web .. Studebaker ... Sunshine Mm . Swift -

S S

C&O wid Tex Pac L T... Timken RB ... 20th Cent Fox.. 24% 20th Cnt Fox pf 53 | Twin Coach ...

« 11Y2 Union Carb : Un Oil Cal Un Pacific . {Un Ar Lines .... 8 | Un Bis .1 United Corp Un El Coal yn Gas Imp .. Hoffman .. Ind Alc ... Leath A Pipe & Realty ... Rubber ... Steel vey Steel pf .. Tob

1'2

4 {Warner Bros

23 |

14 | It Yai a

1% |

al ™

6 “eo 27% . 25% . 5 . 98% . 21,

1112 127% 417

Warren Br West Union West Air Br Westing El _. { Wheel Steel White Mot . White 8S M ot. . Wilson & Co .. Woolworth ... | Yesks Area ...

Da w ia a

ons

HILL

| 86%

» on

yellow 1 | Young Sheet

pr w

Zenith Rad .... 193, 19'% -— 1

‘Have’ Nations Control Sinews Ot War, Says Not Noted Economist

NEW YORK, Sept. 22 (U, P) —The three great democratic powers—

$56 21-32, |

United States,

economist, declared In a survey

cratic nations.

“Wars are admittedly 0.6 won by vast armies alone,” “The so-called ‘have’ 7 is those who have ready access to, | democracies. in control of natural re- | are more likely to succe=d 03.3 than nations generally classified as

or are

‘have-nots.’ ” | Mr. {next major war tween democracies

“Wheat, sinews of war,

Great

today.

Winkler predicted that will be fought be-

Britain and France—' from any war in which they may engage, Dr.

of the international situa ‘ion—“Democracies vs { tatorships”—the economist pointed *- :

out that virtually all the sinews of about are in the hands of the demo-

the

and dictator-

Dictatorships Nonsustaining

107.26 ships and outlined the positions of 30 these two groups with 101.20 control of natural

respect to resources.

cotton, wool and oil, the are virtually all in the hands of the democratic forces,”

|he said. “The nondemocratic group,

and S Ah bal, | Japan, produce virtually no wheat, pup, Rabe >

10 | comprising Germany,

oil or wool, ever. | potatoes,

Italy

and no cotton whatsoOf agricultural products, rye, sugar beets and vice are

‘should emerge victorious” Max Winkler, international

Dic-

i per cent of the world's

‘output. Even in their control of merchant |

[vessels the democracies outweigh | no longer the nondemocracies, he said. most half of the total number comnations, that| (pared with only one-fourth of the

(world total controlled by non-

ply, currencies in the democracies

are backed by a reserve of almost 79 |

per cent while the reserve behind currencies in nondemocracies is as {low as 2 per cent, reflecting the | position of the two groups in finanvial respects.

U. S. STATEMENT

WASHINGTON, Sept. 22 (U. P.).Government expenses and receipts for (he current fiscal year through Sept. 20, compared with a year Rupe; This Year Last Year | Expenses $1,997,865, Toa 46 3d 777,569,568.41 { Rece eipts . ,830,933. | Gross def, at def,

| Gold res.

| Customs

70,420.649. 14 '102,626,305.95

INDIANAPOLIS CLEARING HOUSE

4 | No.

possessing al-!

With the democracies producing! 62 per cent of the world gold sup-|

| practically the only ones which they | Clearings

Debits

$2,486,000

CHICAGO WHEAT CLIMBS 1 GENT; TRADING LIGHT

Corn Up to 33 Cent; Oats Unchanged; Winnipeg Strong.

CHICAGO, Sept. 22 (U. P)— Wheat prices worked 1 cent higher {on the Chicago Board of Trade today as disquieting European news and strength at Winnipeg prompted buying. At the end of the first hour wheat was up 1 cent, corn was up 3s to 3; cent, and oats were unchanged to 3s cent higher. Trading in wheat was fairly light, but there was enough uncertainty |© in the European political news to cause some short covering. Scattered commission house support was also evident. A strong Winnipeg market was a constructive factor in local trading.

12| Wheat was more than a cent higher

{at Winnipeg under heavy export buying. Sales of Canadian wheat for export were estimated at more than 1,000,000 bushels, mainly to the United Kingdom. No important business was indicated in U., 8. | wheat. Liverpool wheat closed strong on short covering and buying based on the better inquiry in the United Kingdom, Corn prices firmed in sympathy with wheat. Purchases to arrive were about 100,000 bushels. Export sales of 150,000 bushels of U. S. corn to the Continent were reported. Estimated grain receipts in Chicago today included 289 cars of corn and 39 cars of wheat.

Wheat— Weak, Feceints, 1 red, 583 @59%c; 1 NATrd, 59° G60 es 5935c¢. Corn—Weak, receipts, 2 white, 45'2@46'2c: N

5 carloads: No. red, 5734@58%ac; No. 2 hard, 57%

No. white, 44@4bc; :. No. % yellow, 44l2 431, @45¢; No. 4 vel : Re 2 mixed, 43'2@45c; No Ay 4215@44c; No. 4 mixed, 41@43c. Oats—Weak, receipts, 8 carloads: No. ‘white, 23@24'2c; No. 3 white, 21@23c.

{2 22 carloads; 0, 3

| WAGON WHEAT | City grain elevators are paving for No. 1 red, 55¢; other grades on their merits. Cash corn, new No, 2 yellow, 47c¢c. Oats,

LIVERPOOL WHEAT (U. S. Equivalents Based on Sienie®, At $4.8073) s DIED Low Close Hoth 334 $ 715% 8924 Ja 6958

Chicago Sis

High Low, Last 134 1% 134

Close | $ Tain

* | Aviat & Tran { Bendix Aviat

0S { Chicago Flex Shaft .... |Comwlith Edison {Consol Bis . Dodge Mfg Co

* Gen Hshld Ut

Hein-W Mot | Hormel & Jarvis W B Katz Drug . Lion Oil Ref .. No'west Banco o | Benn El Sih A Rollins

Woodall } | Zenith Radio

Curb Stocks

Low 391% 93g 651% 16

High 30% 93%

| Gut Oil fo | Hecla Min .... Humble Oil .... 65%; Imp O Can ... 16 Int Petrol .... 2434 Lehigh C & N 4!» Lone Star 9 McWms Dredge 15% Mont Ward a 132 Mont IL. H 2 Pot

03g ey — 16

914

Pac G.E 5! Pitts P1 Gl.... Sherwin-W 10 Sherwin-W Std Oil Technicolor Un Gas Corp.

FOOD PRICES.

CHICAGO. Sept. 22 (U, P.). Michigan Wealthies, bu., Potatoes-—Tennessee bu, hampers, 65@'5¢, Carrots—Illinos, bunch, 2@2'2¢. Spinach— Indiana ,bu., 90c@$1. Tomatoes—Michigan, 12-qt. baskets, 30@45¢. Cauliflower—Colorado, crates, [email protected]. Peas Idaho, hamvers, [email protected]. eo an, highball erates, 25@40c. Onions -1b. sacks) — Illinois Yellows, 25@75¢; om Whites, 95c; Idaho Sweet Spanish, 92sec,

LOCAL PRODUCE

Heavy breed hens, 14c; 12¢; heavy breed broilers, Je, Barred 1'2 lbs, and

nf 112 pf 102% 2 3%

[te

31;

— Apples— [email protected]. Swoet

Leghorn hens, 2 lbs, and over and White Rock springers, over, 13c: colored springers 1'; Ibs. and up. lle; Leghorn broilers, 1's ih Ibs. and over, 10c; bareback broilers, 9c; {old roosters, 9c bs No. 1 strictly fresh country run eggs, 21c: each full case must weigh 55 lbs. gross: a net deduction of 15 cents | ach full case under 55 lbs, will be made. No. 2, 251:@ |

llet eggs, 13c, 1, 28@28'%¢: No. 2, 19¢. C0.

1 De No. 268 Butterfat-- No. 1, 2lc¢; Prices quoted by Wadley

Steel Rises

STEEL INGOT PRODUCTION (AM. IRON & STEEL INSTITUTE) 5

MILLION TONS nN

PARKER CORP. GENERAL INCORPORATED INVESTORS

Times Special BOSTON, Mass., Sept. 22. —More steel was turned out in August than for any month since October, 1937, the Parker Corp. an=nounced.

THE INDIANAPOLIS TIMES

PAGE 25

Porkers Down

5 to 10 Cents Vealers Steady

The first price change in hogs locally for almost a week found the market 5 to 10 cents lower today with he top price for 230 to 240pounders at $8.85, according to the Bureau of Agricultural Economics. Receipts increased to around 8000. The mild decline was suffered in the face of steady to higher prices at some nearby points to widen further the disparity of local levels. Weights scaling under 210 pounds took a 10-cent cut, with heavier weights off 5 cents. Packing sows were weak to 10 cents lower, good offerings bulking from $7.15 to $8, with occasional lightweights ahove.| Steers and yearlings consisted of | kinds from $7 to $9, with occasionally consignments up to $10. A load of good to choice 845-pound fed heifers reached $9.50, but bulk were plain and medium sorts from $6.50 to $8, with extremely thin grassers as low as $5. Vealers held steady, with the top at $10. No change appeared in lamb prices and good and choice ewe and wether springers bulked from $7.50 to $8, with the top $8.

8410)

87. 1200 10.980 | 800

Barrows and Gilts— (140-160) Good and (160-180) Good and (180-200) Good and choice. . (200-220) good and choice. . (220-250) Good and choice.. (250-290 ao and choice) .. (290-350) Good and choice. Packing Sows— (275-350) Medium (425-500) Good (340-425) Good: (275-350) Good Sliughter Pigs— (100-140) Good and choice.. Medium

~—CATTLE— 952 —

choice. . choice .

“10000000 -1 ON -100 Ups Uv DDI TH SShaa33

OO WD LOND

21 ota £9 9933 838

0 Sw

-—Receipts, Steers Choice ........ “ene

(750-900) (900-1100) (1100-1300) (1350-1500)

SIO oWwSw SOR SUI =I BSS UIT

QIVDIIIZTE

1.00 | 1.00 |

(1300-1300) (1300-1500) . (750-1100) Mao (1100-1300) Mediu (750-1100) Connon {biain). (550-750) Choice ......

Heifers

ot ok ph fk ft pk ph pt

OS-T1VBRE~SOD DOUINNNI-TNO ITU-T

oSSoU — SN tn

0 0

(750-900) 1530-900) 1550-900)

Good Medium Common

9: 8. 6.

959

All ants

Goo edn Commo shaun Low unter and cutter. hut Yealings Exclude (All weights) Good (All weights) Med Cuter and ea Vealers (All weights) Choice .... (All weights) Good ....,.... (All weights) Medium Cull and common Calves —Receiuts, 742— (250-400) Choice Good

ween - .

Am -3 S303 ow

- “PDD OSD SOTO

mn 5.00 Feeder nd Stocker Cattle

Net Last Change |p 3913 !

s late Wednesday

"lings,

(550-750) (800-1050) (500-800) (800-1050) (500-1050) (750-750)

Good and Choe. { Choice . Good Good .. Medium Good and choice. . Common

Good and choice... Common, medium. Sheep and Lambs —Receipts, 793 — Spring Lambs Choice ......: Good Medium Common Wes-— Gorcd and choice .........00 Common and medium

CHICAGO LIVESTOCK

O08 oD-INDD OO SOWNUULOD 8 9933393 0

{

aRn-a00 1 os

SS ooo

4.75@ 1.50@

| man,

0 Lehman plan for preferred or com-

REORGANIZATION REQUESTED BY SHAREHOLDERS

Seek Separation of Radio, Wire Units of Postal Telegraph. 4

NEW YORK, Sept. 22 (U, P).—A plan of reorganization for Postal Telegraph & Cable Corp. was on file today in the U. 8. District Court for the Southern District of New York by a bondholders’ protective committee headed by Robert Leh-

The proposal entails separation of Postal's Telegraph facilities from the cable and radio systems, and provides for the merger of the latter with all-America cables and Sociedad Anonima Radio Argentine. Both these organizations are subsidiaries of the International Telegraph & Telephone Corp. which owns a controlling interest in the common stock of Postal in addition to a $2,000,000 preferred stock interest. No provision was included in the

mon stockholders, but the court was informed that International Telegraph & Telephone would accept the proposal, subject to approval of its stockholders and to the completion of various traffic agreements. Federal Judge Coxe set Oct. 24 as the date for hearings on the submitted reorganization plan

Has Strong Support

The Lehman committee represents some $25,000,000 of the $50,670,209 collateral trust bonds and debenture stock outstanding. In addition, it is supported by another protective group including Cecil P. Stewart, Milton W. Harrison, Ham-

WAR RISKS BOOST PRICES OF IMPORTS

Raise in Insurance Rates Lifts Shipping Costs.

NEW YORK, Sept, 22 (U. P.).— Importers today sounded a warning that risks of war in Europe have brought sharp advances in the cost of insurance and that this rise will be reflected in boosts of 3 to 6 per cent in the retail prize of goods now en route to the United States. It was estimated that the present cost of insuring goods from the time of leaving European factories to de-

livery at New York piers has ine creased the buying cost in Europe § to 10 per cent and that it was only natural that this rise be taken into consideration in establishing retail prices in the United States. According to importers this rise in price will affect both fall and holiday reorders. Most first orders have been filled in Europe and are now en route but all reorders will have to bear the brunt of increased war insurance.

CHOCOLATE ECLAIRS BLAMED CHICAGO, Sept. 22 (U. P.).—Dr. Howard Shaugnessy, chief bacteri=ologist for the State Health Depart= ment, today named a batch of choc=olate eclairs as the most likely carriers of bacteria responsible for 150 cases of poisoning and one death in northwest Chicago and Elmwood Park.

ON TH

TONIGHT

6:00—Rudy Vallee, WIRE. 7:00—~Good News, WIRE. 7:00—Toronto Symphony, NBC, 8:00—Bob Burns, WIRE. 8:00—Workshop, WFBM.

Broadcasters are as busy this time of year as are the country’s football coaches, and both groups are intent upon somewhat the same thing. While the coaches are looking for new plays to fool the opposition, radio's idea men are trying equally hard to think of a new angle with fan appeal to cash in on the na-| tion's grid-consciousness. Tonight MBS-WOR has a new! one, called “We Want a ‘Touchdown.” Two “teams” of former football stars will line up and attempt to score on each other by answering questions on football tech- | nique. A “running play,” requir ing a “right” or “wrong” answer will net 10 yards. A “forward pass,” demanding a complete statement, gives the lucky expert 20. You may hear the curtain-raiser at 7:30 p. m.

» 2

Three guest stars and six voices were on schedule for tonight's! “Music Hall” hour (8 p. m., NBCWIRE). One voice belongs to Jack Oakie, who is to heckle Bob Burns

and do some reminiscing about their | p

ilton Pell and William Rosenblatt, Bondholders under the plan would receive $40 per $1000 principal]

| amount of their holdings, and ani;

additional payment of as much as $10 per $1000 bond, depending on | the earnings of postal, cable and radio facilities for 1938. A further | undetermined payment may be

‘made if the combined cash of the «Good News”

cable and radio systems exceeds | $1,000,000 on March 31, 1939. All securities of the new tele-

| graph organization, to be known as

Postal Telegraph Systems, Inc, would be distributed to postal bondholders.

LOCAL ISSUES

The following quotations do not represent actual bids or offerings, but merely indicate the approximate market level

recent transactions:

Stocks Ak

52 "191% 54 12

104 611% 9215

Belt RR & St Yds com o Belt RR & Stk Yds pfd ......s 50 va Cent Ind Power 77% pia . 16'a | fone Dic, i Wayne 77% Hoo Tugs com .. xInd & Mich Elec 7% xInd Gen Sve Co S% of Ind Hydro- Re nie 1% Indpls Gas Cor | xIndpls P&L Co. xIndpls. P&L Co. 2 :Indpls Water Co 57 ‘p . {Lincoln Nat Life Jne, Co com. . N Ind Pub Serv Co 7% N Ind Pub Sve Co 67, pd. N Ind os: 2 ch ple xProgress Laundry Co co "e Pub &ve Co. of Ind 7% pid.... 31

HOGS Receipts, 14,000: directs, = 5000; | market slow, steadv to 15¢ lower; decline on weights under 210 Ibs.; liberal proportion good and choice hogs. 210 Ibs. up, sold | Sarly: steady; top. $9.1 good and choice | 210-270 Ibs.” [email protected]; %i6 190 lbs., largely [email protected]; lighter weights, $7.25 8; ood light packing sows, $7.90%8.35: meium weights and hehyies, $7.25@ 7.90, SHEEP—Receipts, 11,000; directs, 4000; springers mostly steady, ots easier; rangers. [email protected]; natives, .50 mostly, few $7.50and $7.75; today’s A on springers active rong, to 15¢ ri natives, $7.50607.75; esterns, $7.5061 7.85; top Utahs, $7. 90; sheep and feeding lambs steady; 66-73-1b. feeding lambs, $6.75@ 7.25 E—Receipts, 4000; calves, 1000; recent decline on fed sters and yearlings stopped: good choice and prime a little stronger: supply of such kinds small; medium to good grades slow, steady: all except Strieds choice and prime steers and vearlings 50c lower for week; mostly $9@ 11 market today; extreme top, 15; heifers steady to 25¢ lower; all cows draggy; mainly 50¢ lower for week; bulls weal practical top weighty sausage bulls, $6.5 vealers, $9@11, few selects, $11.50; bi ers and feeders after selling firmer early in week closing slow: common stockers, $5.75 6.75: strictly good and choice year$8 8.75.

CINCINNATI, Sept. 22 Receipts, 2650, including ket moderately active, , packing SOW higher; top. $8. 90; 250-275 lbs., $8 30: 1000 140 lbs, [email protected]; most 2 packing sows

CATTLE Receipts, 450; calves, 200. Maret slow, Killing quality mostly plain and | medium steers and heifers weak, lower; cows about steady: bulls, lots plain and medium steers and heifers [email protected];, good beef cows scarce, plain a meduim mostly [email protected]; cutter and 3 i 5; practical top sausage bulls,

SHEEP—Receipts, 1000, none direct. Generally weak to 25c¢c lower: Res. good and | choice spring lambs, $7.50 strictly choice ewes and wethers Took: and con- | sidered eligible higher; common and medium, $5@7; slaughter ewes, mainly $203, | LAFAYETTE, Sept. 2 (U, P,.—Hog mar- | ket steady to 10c¢ lower: 160-200 lbs. $8. 20 | @8.40; 200-250 1bs., a 508.80: 250-325 lbs.. $8.40 8.60: pigs Sas, So!

(U. P.).—Hogs— 150 direct. Ja

| | |

for | $717.50.

f d!

down: roughs, $7.50 | down; calves

Sars, $761. Bo { FT. WAYNE, Sept. 22 (U. P.).—H Steady to 10c low

b |: $8.35: 260-280 3.35: 300 325 ios. 50-160 1bs.

$8.25; 150 ' RE 120- 140 ibs, $7.50° 100-120 lbs.. $7.25 Roughs, $7. stags, $5.50; calves, $10; | lambs, $7 5.

CHICAGO PRODUCE

Butter—Marketf, steady. Receipts, 1.059. 245 gross lbs. Extra firsts, 90- 12 score, 25@25%c; extras, 92 score, 25luc; firsts 23@23%c: seconds, 21@21%¢: specials, score, 25%c; standards, 25c; centralizea, | 88 score, 23c: centralized, 89 score. 23%,c. | Eges— Market, easy. Receipts, S338 cases, | Fresh gfraded frs$s. Cars, Vac; less, than cars, 24c. Extra firsts, on 25%c¢; less than cars, 24%c¢. Checks, J 19¢ current receipts, 23c; dirties, 20'2 Poultry—Market, weak, Recei cints, 1 57 trucks. Ducks, 13@l14c: geese, 13% 180: | hens, 16'2@18'%c, Leghorn hens, 12Yac; spring chickens, 14@15%c; roosters,

{So Ind G&EIl 4.87, pfd {XT Haute Elec pfd .....ovnenne

Pub Sve Co of Ind 67, Pub Sve Co of Tnd 7% pfd..... 2

Union Title Co com . Van Camp Milk Co pfd. ....... 60 van Camp Milk Co com.....ss 10

Amer Toan 5s 46 QOitizens Ind Hel 4!5s Home T&T Ft W 5% Home T&T Ft W 87

Indpls Rv Inc 5% 67 . Indpls Wat Co 3'2 Inter Tel & Sel A h >

T Haute Water Wks 57%, 49 .

T Haute Water Wks 6% Trac Term Corp 5% 57

(By M. P. Crist & Co.) Market St Investment Corp.... 23.21 xDividend,

BANK CLEARINGS UP TO DEC. ’37 LEVEL

|hased on buying and selling inquiries of |

” ” Robert Taylor will m. e. the| show again tonight, | indulge in a little radio drama with |

Florence Rice, and introduce Maxie | Rosenbloom, the boxer-actor- res- |

”

» »

nouncements caused by station changes af INDIANAPOL Js WFBM 1 ed net, Jd (NBC-MBS)

Salon Or, N

lagpm3

Science Program ands

Easy Aces

Christ, N 2rieties

YA All H

TTTIOV]

i — “Sn

Basonology Rudy Valles

”» »

Good News

Musio Hall ” ” ” ”

Men-Death

Kerenade News Ma jor Bowes » ”»

»” »

” ” Workshop At Work,

Sports

Amos-Andv Screenscoons uca’'s Or, ’

News Himber’ s Or,

News Long’s Or. Unannounced

McCoy's Or, Hudson's Or.

BRD BRD ee D | md | ns S353 2373 5353 5353 5353

INDIANAPOLIS WIRE 1400

E RADIO

taurateur, and Phil Regan, the poe liceman-tenor, All will be on NBCWIRE at 7p ”

” Ld

Another stage personality on toe night's air waves is Gertrude Lawrence, touring the West (and heading for Indianapolis, we hope) in Rachel Crothers’ “Susan and God.” She'll be interviewed by Elza Schale lert, NBC-Blue, 9:15 p. m. ” n ”n For music, there's the last of three Berkshire Festival broadcasts coming up on CBS-WFBM at 2 p. m. tomorrow. This is the festi1val's final concert and probably will wind up the country's increasingly impressive summer music cycles until next season. i sT'he featured artist will be Ernst Toch, the composer-pianist, who will take the piano part in his new quintet with the Coolidge String Quartet, Continuing its extended series, the Toronto Symphony will be heard in another promenade .con= cert through NBC-Blue at 7 p. m, today. Tschaikowsky’s Fifth Symphony and a Bach Gavotte are on the hour's program. Also tonight, you may hear some unfamiliar songs on CBS at 6:30 . m. Margaret Daum, soprano, and Fritz Lechner, baritone, will offer two of Brahms’ three -duets marked Opus 20, and one of four lin the same composer's Opus” 61. | Mr. Lechner will sing the parts originally written for contralto. In addition, each artist will sing a group of Brahms solos.

on u 2

Rosh Hashana, the Jewish New Year, wili be observed in an NBCBlue broadcast at 2 p. m. tomore

row, ”

” »

RADIO THIS EVENING

(The Indianapolis Times is not responsible for inaccuracies in program ane

ter press time.) CHICAGO WGN 720 (MBS Net.) Rill Anson Concert Or.

Sophisticates Orphan Annis Sweet & Low Serenade Bob Elson Inside Sports

Sinfonietta Green Hornet

CINCINNATI (NBC-MBS) Martin's Or. Laura Suares Paul Douglas. Lowell Thomas

Don Winslow Barber-Denton

Sports P. Sullivan Rudy Vallee.

”» »

Good News » ”»

Don’t Believe It Crosby’ s Or. 2

Musio Hall ”» ” ” »

Tomorrow! s Trib. Concert Or. Weber's Or.

Jurgen’s Or, Cummin’s Or,

Amos-Andy Varieties Shider’s or. ields’ Or.

P. Sullivap Sweet Adeline Mogre’s Or.

Danse OF Thompson's Or.

Cabot’s Or. Gendron's or.

Dance Or, ” ”

tt pt | st lh ht |

Dance Or. ” ”"

- wt

INDIANAPOLIS WFBM_ 1230 (CBS Net.) Early Birds

(NBC-MBS)

Devotions Musical Clock » ”»

News Mrs. Wiggs

Other Jyite Nain Bill

253 Sis = 5353 5353 53

Kitty Kelly M

| ararages| aan

__Steomother

"Deep River Apron Strines Bie Sister Real Life

Mary McBride Irene Reasley Farrell

David Harum Lorenzo Jones Dessa Byrd Linda's Love

Southernajres Alden Eskins

Grier’ s Or.

Bohemians Singing Sam ” ”» Wel leo

NEW YORK, Sept. 22 (U. P).—/

Heavy mid-month settlements in the week ended Sept. 21 lifted bank iclearings to the highest level since the week of Dec. 23, 1937, Dun & | | Bradstreet, Ine., said today. The expansion, however, failed to bring the week's totals above cor- | responding 1937 levels. Reports from 22 leading cities

tions of $5,987, 279, 000 ‘compared with $6,500,527,000 in the same week a year ago, or a decrease of 7.9 per cent. In the Sept. 14 week clearlings totaled $5.164,437,000 and were 11.6 per cent below the comparative 1937 level.

CORN AND WHEAT REGION OFFICIAL WEATHER By U. 8, Weather BUrean aac Precipi- State of High 1 60

tation weather Sowp Bend ... .05 Angol Wheatfield

DIDI |

253 5328 £3

| |

mmm 3333 cose pune

3 2853 mim ‘a NSD NPR =

Farm Circle Farm | Bureau

Noun Tunes Navy Band

Farm Hour

Betty-Bob Gr i Valiant ( « Betty brates

WIRE Reporter Headlin Dessa Byrd

T ie ng |

Wise

Summer Theater

Varietiex ” ”»

Festi val

” ”

When Jeune Wan Sing" for Be over

— wr

Stella Dallas Beautiful Life Police Court

Tune Tepes

Gene Austin Tune Twisters Nous, Beverly Lane

Light’ Or. Go It Summary

aman! Wwww

- «x

News I. U. Program Dick Tracey

CBS—WABC, 860; WIR, 750; WHAS,

Woman in » White

Dauzhier

Backstage Wife

Long's Or. Crosby's or,

Review Jov's Or. Thurn’s Or.

FRIDAY PROGRAMS

INDIANAPOLIS WIRE 1400

CINCY ATI (NBC-MBS)

Checkerhoard Chuck Woods

Merrvmakers Peter Grant Gospel Singer Hollvwood News

Betty Crocker vrt-Marge Jiliten House Bettv-Bob

Goldberzs Vie-Sade Don Pedro Short Story Painted Dreams Life’ s Road

rs m——— Manhattan Mother Editor's Daughter Harold Turner O’Neills

CHICAGO 2

(MBS Net.) Mugfo Box

Good Morning Carolyn Pryce Good Morning

Crane-Jovce

Melody Parade

Get Thin Children

vews-Weather Farm-Home ”» ”» ”» ”» Ed McConnell Happy Gilmans

Linda’s Lov Gr Tom s Daughter Valiant Ladv Kitty Keene

Mary Marlin

Services

Harold Turner As Y Swing Time Melody Time Romances June Baker Stokes’ Or, Leadoff Man Baseball |

Young's Famite Guiding Light

Harding's Wife

Ht berficits

Housebo People’s * Mandate Pioneers Man of Mars

Honti’s Or. Unannounced Paul Douglas Lowell Thomas

Bill Anson Melodies Airliners

Orphan Annle

KEY NETWORK STATIONS (Subject to change):

NBC-BLUE—WJZ, 760; WOWO, 1160; NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670.

WENR-WLS, 870; KWK, 1350. 820; KMOX, 1090; WBBM, 776,

MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850.

Celtic Federal

HOME LOANS

Offer LOWER COST—Greater Convenience

51 78 8 . 6,456,000 Rochester ON Larayett 64 Cam bridge’ “City o

l4c; My 13@17c; turkeys, 14@21c. 2%; Cheese—Twins, 121 @12%c; daisies, 12% ; longhorns, 12Y

possess in fair volume, but hardly Ah |enough for a protracted war.” a} Last Oats, barley, corn and tobacco DAILY PRICE INDEX 98 : are produced by the nondemocracies| NEW YORK, Sept. 22 (U. P.).— in small volume but they have ab- Dun & Bradstreet’s daily weighted solutely no rubber. | price index of 30 basic commodities, Coai, steel ingots, lead and zinc compiled for United Press (1930-32 are produced in fair quantities by equals 100): the nondemocracies, but copper pro- | Yesterday duction in these countries Is only [Week Ago I ee (NIONLR ABO Wuuseesinas

bik # E 1 T F A CT Year Ago ... haere

Steel operations in August averaged at 429 per cent of capacity, compared with 334 per cent in July. While steel production in August was only a little more than half that of a year ago, there has been a decided recent increase in production withe out much help from the automobile industry which should soon start ordering steel.

EE — AUTO DEPOSIT WINDOW *

* Latest type safety window. Opens on alley-way at east side of building. Drive up and transact your business any time

FOREIGN BONDS

Principal AND INTEREST REDUCED MONTHLY. 2. Monthly Payments INCLUDE Interest and Principal. Monthly Payments

Include Taxes and Insurance. NO Commissions. Low Cost.

Loans on Indianapolis Homes—

Payments of $10.00 per month for each $1,000 borrowed, plus 1-12 of annual tax and insurance PAYS YOUR MORTGAGE IN FULL IN 11 YEARS AND 7 MONTHS.

It Will Pay You to Investigate Our Plan

OUR INSURED SAVINGS ACCOUNTS ARE NOW EARNING 39 DIVIDENDS

2@13 ies moderate: demand, Idaho Russet |Colu , $1.20@ , Wisconsin | Paoli Cob-| Ft. Wayne Indianapolis Terre Haute .. Evansville

Burbanks, a ho iumphs, 1 olorado Tr Cobblers. 90c@$1; North ‘Dakota

Ble TS 115; on track, 288;

‘® “The

Ne: 8 a7 t 2 63's 100% je 55

shipments,

104.26 104.74 103.94 138.49 117.06 102.43 |

~a1 Serres iesre eater Jia 3

tsetse

Cer sen

1938 High (Jan. 10) ......... 1938 Low (June 2) ...-

serene

FOREIGN EXCHANGE

NE WYORK, Sept. 22 (U. P.).—Following are noon cable rates on major ey e Cable Rates Change 481, —. 015s —.0158 —.00 1-32 ~—.0001 -— 000134 ~-.0001"'2 4.0015 —.0002'% — 013% —.000 _— 0007 :

RADIO OWNERSHIP

England (pound) Eng. (60-day bill rate) 4. 80% Canada (dollar) K France (franc) Italy flira) ... Belgium (belga) Germany (mark) . Germany (tarvl mark) Switzeriand (iranc) Holland (guilder) Sweden (krona) Norway (krone) Denmark (krone)

WITH RADIOS |WITHOUT /Is the accumulation of funds for a down

payment, SPECIAL-PURPOSE saving here helps many on this first step. If you have made this step, our advisory and consultation services are available for your guidance, without charge or

obligation. Zi 4

Hh J Iga

SE NER

: during banking hours— IN CITIES

YAN

IN THE COUNTRY

Fidelity Trust Company

123 East Market Street

Member Federal Deposit Insurance Corporation

AABAHANA

69% 31% OF ALL FAMILIES

SAVINGS &€ LOAN LOAN ASSOCIATION : OF INDIANAPOL!S 23 W. OHIQ ST.

\ A SCIENCE SERVICE FEATURE. — Pictorial Statistics, Inc. N.Y. C. 9-22

{

HER