Indianapolis Times, Indianapolis, Marion County, 23 September 1938 — Page 32

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g Month

} FRIDAY, SEPT. 23, 1938

STOCKS STEADY | AFTER DIPPING 1 T0 2 POINTS

European Situation Keeps Many Traders Qut Of Market.

Bonds

Czech

Still Of

N. Y. Bonds

BOND PRICE INDE XES

NYS

FEEEEREY

wr GF pr BHD DDD DN

BEFEC BERBER BEES

SERS CARNES

or cots ll I Ba aN SER

PERLE EREEL

bhi):

Utils.

Yesterday Week Ago Age .. Year Age 2 Years Age 1938 Rich

8 Low

BROKER

CHICAG 0 PRODU

‘NOTIFIES E EXCHANGE OF BOND DEFAULT

sectior p it ‘was understood. Fixed charges of the company have not been earned | | since 1931.

CORN AND WHEAT REGION OFFICIAL WEATHER

By U. §. Weather Bureau

LC hicag 50 ‘Stocks J

TOCKS

By United Press

DOW- JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday ~—1.9% Week Ago Month Age Year Ago High, 1938, High, 193%,

-2.9% | —1.13 115.6%: low, 98.95. 195.40; low 113.64, 20 RAILROADS Yesterday -—0. —0. 51 Month Age -—8.: Year Ago . High, 1938, 32.33; low, 19.90. High, 153%, 61.46; low. 28.91. 15 UTILITIES

> -—1.58

—0.58 —9.13 —1.00

Yesterday 18.50 Week Age Month Age Year Ago . High, 1938, 22.53 High, 1937, 37.34; low,

Ne 1 Last Change

15 1%

Houd-Her B -

Hupp Motor %|

N is

Ill Central 95% rd Ro . 13% 11

FEEEREREY

“hh 8 T&T For.. %

nt mt

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Kennecott TY Kroger G&B

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1 |

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dd ER ow i410

FIIEEL

at GY psum .. 5 Pur & Lt . Sup Penn..

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ODT A PDD TD wd 55

bt Gu bt ptt Wu POD AD a

OBA N BD NDHON

. JS Owens Ill Glass 66:

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EMPLOYMENT ROLLS

WHEAT PRICES UP FRACTIONS ~ INCHICAGO PIT

Qutside Markets Strong; Traders Watch Foreign Tension.

* | sales. hy abroad were estimated around 750,- |

J | were improved, { confirmed. : , | ernment is attempting

hiel * | higher

Oana eB

, | dianapolis.

| Ww ASHING T oN,

CHICAGO, Sept. 23 (U. Wheat prices ruled strong on the Chicago Board of Trade today reflecting strength in outside markets | as well as increased tension in Eu- | rope. Opening goutations were up fractionally on scattered buying influ- | enced by the higher Liverpool mar- | ket. ed. Liverpool wheat closed 1!'i to 1% cents higher on short covering and buying based on the large demand for Canadian wheat. The shart upturn at Winipeg and | indepndenet strengt h at Minneap- | olis encouraged additional buying in the local market. Winnipeg was {more than 3 cents higher at ons time, bolstered by continued export Sales of Canadian wheat

1. | 000 bushels.

| It was indicated in trade circles | that export inquires for U. S. wheat but no sales were to find new methods to heip commodities generally attracted some attention. Most of the support in wheat today came scattered com- { mission houses. was cau- | tious pending the Chamberlain-Hitler co Corn prices wor in sympa

through Trading outcome of nference. with wheat, tafter opening ste: in light trading. Trade was . mostly local character with some selling by

| | interests.

thy ay

WAG YON WHEAT

STATE COMMERCIAL | BANKS FILE REPORT

FDIC Reveals Resources Are $911,633,000.

WASHINGTON, { Federal Deposit reported today that res es of 482 insured vommercial banks Indiana totaled $911.633.000 June 30. Demand deposits amounted $156,433 0 000 and time deposit | $232,169.000, each exclusive { bank deposits, on that date | reported. Loans and discounts of pbriing banks amounted 342,000. Dir nd

obligations of th

OUIX

to 824

oot eCl

¢ nted to 824 other securities Cash on h other banks and ¢ ess of collection in sured commercial out the country am 370,730,000, an 579.000 over the | June 30, 1937 | Deposits declined from $47.7 1 892,000 $47,429.821,000.

LILLY & CO. FILES

ach adil

the

it ems in proc13.723

AOI) 10U1

mgcerease

of $13830,-

99,-

| WASHINGTON, S: merce Department officials announced at the sixth (report on retail drugstor {received from Eli Lilly

Sep pt. 23.—Com-

annual es has been

It inciudes through 1937, able buying, margins and

profit trends an analysis the relation net profit

of to

8ross turn-

over rate. profits and costs by sales|’® volume groups, and other presenta-

jHons @ of facts they said.

S. STAT iid

P.) —Go v-

: Re

€ 15 i}

§%

LOANS DOWN FOR WEEK SEPT. 21

23 MU. P). dealers for: nded 21, totaled down $60.000.000 from | ious and a decrease |! 19.000.000 from the like week

00.000

1» weex

securities 3.000,000, down

| 24 4 1 :

|after declining for itive months,

: 9-Month Decline Was Halted In June.

NEW YORK, Sept. 23.—Employment roils in the United States, nine consecushowed a slight rise in July, the Alexander Hamilton Institute ‘reported to today.

The increase from 37. 780.000

cinet to offset the gain in the sup-

(ply of workers as the result of the

growth of population. Employment fell from 42622000 ast September to 37,780,000 in June. | the report said. “The upward trend,” tute said, with the number of in June to 13926.000 in July, after having risen from 9,063,600 last September.”

THE GROWTH OF

280,000

= {tt

NEW YORK CITY

dll] nm

Q O = In {

A lon refine ot; Symson © Mesias snl,

om |e S |

the Insti“consequently was halted. | unemployed {declining from 13,928,000

tne, N.Y.C. 9-23 —r——t—

W P G Cu

Nu ANAPOL IS | CLE. ARING HOUSE

) in! June to 37.809,000 in Julv was suffi-

nel

{

Federal Debt

GROWTH OF OUR FEDERAL DEBT (U.S. TREASURY D:PT.)

END OF AUGUST EACH YEAR

wm IH i

w o

BILLION DOLLARS 3

id il

i Wil 1932 1333 1934 1935 1936 1937 138

THE PARKER CORR GENERAL DISTRIBUTORS INCORPORATED INVESTORS

BOSTON, aMss, Sept. 23.—In the pre-war davs of 1913 the per capita Federal debt was only $1236. The World War jumped this up to over $200 per capita, while today the Federal debt is about $290 for each inhabitant, the Parker Corp. announced today. State and local debts have not increased at so rapid a rate. The present per capita state and local debt is approximately $150, making a grand total Verns= mental debt of $440 per capita.

THE INDIANAPOLIS TIMES

P.) i

Offerings were rather restrict-|

Reprots that the Gov-|

the |

ked fractionally |

in|

cash |

the re

in-| through-| ited to $16,-]

t total reported on|_ ne

6TH ANNUAL REPORT

today |

Co., In-

10321 of profit-|

| Beset difficulties and lacking We | ‘afforded by recent pre-school shop-| Week 280 .....iicivvuiiaen. 104.59

|o= 1

Co ES ne Cri,

== Ny PAGE 31

ON THE RADIO

TONIGHT cast which included . : : Made at Night,” with Herbert Mar6:00—Lucille Manners, W IRE shall, Joan Bennett and Thomas 7:00—Hollywood Hotel, WFBM. |jritchell. 8:00—James A. Farley, NBC-Blue. Instead, you are to hear Mr. Mar8:00—John Hamilton, WFBM. shall and Josephine Hutchinson in 10:30—Blue Barron's Or., WIRE.

BUILDING GRANTS TOP "37 PERIOD FOR 10TH WEEK

$82,252,000 Reported Is 95 Per Cent Over Week Year Ago.

“History Is

Porkers Waver After Reaching |

Top of $8.95

Receipts of around 8000 hogs today were substantially in excess of | carly estimates and at mid-session it was doubtful that an early 10] to 15 cents advance would hold, ac- | cording to the Bureau of Agri=| cultural Economics. An early top of | $395 wa spaid for good and choice | 230-240-pound butchers Spotted | carly sales of packing sows were around 10 cents higher in a mostly steady trade, but late bids of these were 25 cents lower. | The steer and yearling crop today comprised mostly odd lots of lower|

an original radio drama called Big Softie.” This departs from the new program's policy of revamped | screen stories. Tonight's originally season for you tomorrow, with In-|scheduled offering is to be heard dianapolis stations bringing play-| 1€Xt week. by-play descriptions from the local and intersectional fronts. WIRE will broadcast Butler's cur-

ii A er Ww. « 1 Le t iy NEW YORE, Sept. 73 (J. Py--}1%0 FESer With Bol Sinie Gomi ihe former orogtam ot 0:00 | Engineering construction awards Butler Bowl, beginning at 2 p. m. ; : this week rose to the highest level! Ted Husing will be at the CBS-/2. m. Will be the Ainsley Junior since the week of June 24, 1937, and | WFBM microphone to tell you Student Orchestra. The Stork School topped the corresponding 1937 about the University of Minnesota-9f Music Accordion Band will feaperiod for the 10th consecutive! Washington University contest in, ture the High School broadcast at > eek, Engineering News-Rerord Minnespulin. The broadcast starts 4:45 p. m said today. at 1:45 p. 1 # The publication estimated total{ Another BD orton: intersectional | Speeches by awards for the week ended today game will be on NBC-Red stations! pfiss Marion E. Martin will high= at $82,252,000. This represented aniat 5 p. m., when Ken Carpenter light ti BS-WFBM br . increase of 53 per cent over the brings you accounts of the Ala-, ht the CES-WFBM broadcast to$53,569.000 reported a week ago and bama-Southern California game at Right from a National Federation was 95 per cent over the corre- Los Angeles. jof Women's Republican Clubs dinsponding 1937 total of $42,177.000. ? a» » {her in Chicago. Mr. Hamilton is Sumulative construction volume | Immediately followin 12 the foot. | NePublican National Committee for the year to date was placed at! nz1l broadcast chairman, and Miss Martin is ase

| on WFBM, “Red’ $1.935.031.000, or 6 per cent over the (range will take the air for scores S.Stalit chairman in charge of wom[$1,843.514,000 awarded in the same

for the week | 340 AWS (and comments. This is the second os Seilvities, The broadcast is at Maal a 1s | 38 weeks of last year. in the new Grange Thursday-Sat-| Vealers regained a dollar 10ss| pyplic construction, urday afternoon Series suffered at mid-week, leaving Cur-|phjohest mark since Jan. 9, 1936, y 1 Series. {rent values at $11 down, that price! amounted to $71,688,000 against being today's top for choice offer-|g45417,000 a week ago and $25.894,lings. Bulk of the good and choice gpp a year ago or increases of 58 vealers moved from $10.50 to $11. land 177 per cent, respectively. Good and choice spring lambs | Private awards, estimated at $10,scored a 50-cent gain today, placing 564000, were 30 per cent over the bulk of the good and choice offer-| previous week's $8,152,000 total, but {ings from $8 to $8.50. | showed a decrease of 35 per cent ——— | from the corresponding 1937 total of $16,283,000.

NAZI EXPANSION | LOST MILLIONS FOR INVESTORS

Czech Bonds Started Down When Austria Was Annexed.

Radio uncorks another football

u The WFBM Saturday Children’s { Hour and High School Hour will re< sume activities tomorrow. Featured

2 2

ith iva

8 John Hamilton and

grades from $7 to $9 which moved in a peddling, clean-up trade about! (steady with the week's losses. Heif|ers also were mostly common and , medium sorts from $6 to $8.50, unchanged from the week's unevenly steady to 25 cents lower. Cows and bulls moved slowly, under accumulated losses of mostly 25 cents reaching its! 2 x » WBBM In Chicago has renewed = |the contract of Dr. Preston BradPostmaster General Farley is to ley for a Monday-Wedunesday Fri=be heard on NBC-Blue stations at|day series of comments on world 8 p. m. today, addressing the Na-|affairs at 6 p. m. Though Dr. tional Association of Postmasters Bradley is a Unitarian minister, his convention in St. Paul. His subject: broadcasts deal with secular topics “A Business Administration of the only. United States Postal Service.”

2 ®

u A program of modern chamber ; {music is scheduled on the CBSDue to illness of Freems: =! wp 7 oy i e to we S F esman Gus {WFBM Concert Hall period at 10 en, one half of Amos 'm’ Andy,la. m. tomorrow. Three musicians “Hollywood Hotel” has revamped its from the New York Chamber Music whole program for tonight (CBS-| Guild will play Zoltan Kodaly’s Duo

{for Viol 8 e n WFBM, 7 o'clock). The veteran ore 2 Os HD, Onis 3 ang team was to guest star on a broad- Piano. :

= =

"5 =

= # #

BAINWOIDI «1

THIS EVENING

(The Indianapolis Times is not responsible for ina nouncements caused by station changes after press time.) INDIANAPOLIS INDIANAPOLIS CINCINNA VEBM 1230 WIRE 1400 WLW 300 ens Net.) (NBC-MBS) (NBC-MBS) Light's Or. Salon Or. Honti's Or. Bill An son Goif Summary News Unannounced Melodies Tea Tunes I. U. Proram Paul Douglas 32 3 Jimmy Kemper Lowell I Thomas Ornphan Annie Audition Book Don Winslow Serenade Shumsky’s Or. Denton & Barber Turner & Marson News Stamp Club Boh Elson Basonology P. Sullivan Dukes My Name?

My, Name? Unannounced Cheyenne

Lone Ranger » "”

ccuracies in program ane

“Yay 5 15 «1

CHICAGO WGN 720 (MBS Net.)

repre —

or and choice. Mediu um seven

~—CATTLE—

—Receipts, Steers

St 00-140) 0 3 30 5

52 * Heatherton Legion Program Butler Forum Berry Wood

First Nighter Melodies

"Ray

Concert ”» ”

”» ”»

NEW YORK, Sept. 23 (U. U).— German territorial expansion in| Central Europe, bringing with it the | threat of a general war on the] continent, has cost American in-! vestors millions of dollars of their] holdings in Czechoslovak dollar y| bonds, a survey revealed today. 5! At the close of 1937 there were! | outstanding in the United States pa total of $25,042,300 principal 9:45 $7348 5.95 amount of Czech bonds, including jp.00 S3@ 4.9 two government issues, two munici- 10:18 pal flotations guaranteed by the|i0:15 700 government, and a corporate bond! j.o0 g.50 issued by a Sudetenland manufac-|!1:15 ee Hiurer. Aggregate market valuation of these flotations touched a 1938 peak of $25.248,409 at the start of the |yvear, when the two government issues were selling on the New York 8.00 Stock Exchange at 4 to 5 points @ T7.00|0VEer par. » 6.00) On Sept. 21, when the Czech a0 government formally submitted to 9.00 | dismemberment, the bonds had a 8.25 total market valuation of only] 2@ 8.331 $17,032,037. p ed Germany's annexation of Austria “precipitated a selling wave in all 2 8.00 European obligations in which “% Czech issues depreciated almost as severely as Austrian dollar loans. The passing of this crisis with-| out actual armed conflict brought | +. oe 0 |a moderate revival of American in-! { vestment interest in Czech bonds ) and prices climbed steadily through the summer to within striking dis-| tance of their 1938 highs, only to collapse again under the stunning r | impact of Germany's “second J |anschluss.” i

» ”»

GICONSD NGI ON

% 00 Sono Hotel Waltz Time

Death Valley

Dorsey's Or. Death Valley " ”»

Thomunson’s Or.

Jurgens’ Or. Tomorrow’s Trib.

Heidelberg Or.

00 0 = «1D 00 60 00 rest £2 C5 4 # Dud = SNES oS

i Republicans 1s vs » 130 3 15 9:00

Serenade Jamboree " "

Jack Berch =. VY] ew points

Jimmy Fidler

Jimmy Fidler Sullivan

Curtain Time Don’t Believe It " ” — ee mai Crosby's Or. Cummins’ Or,

T Sports Lum & Abner Allston’s Or. ’ "

Amos- Andy Headlines Sports Or.

Owens’ Himber's Or. HH ”

Amos-Andy Bouquet i Plavhouse 0 5a SH 2 Jurgen’s Or, Sullivan Los Amigos Farber's Or, Barron's Or

"News Pendarvis’ Or. Barrie's Or.

P, Dance Or.

Barron's Or. Crosby's or. Cahot’s Or.

Gendron’s Or. "» »

Dance Or. ”»n ”» ”» »

SATURDAY PROGRAMS

INDIANAPOLIS CINCINNATE WIRE 1100 VLW 500 (NBC-MES) oN BC-MBS)

Devotions Hugh Cross Musical Clock Revelers

Review McCoy’s Or Garber’s Or ”»

Cummins’ Or, » HH

”» Manzanares’ » »

or.

INDIANAPOLIS WEFBM 1230 (CBS Net.)

Early Birds

Clicano WGN (MBS Net. »

Musie Box

2 Lomas | ded nSa

» » » ”»

Organ Peter Grant Bre; akfast Club

Good Morning

andl Stocker Cattle i and choice..

“

LOD WWXW | alaterad

White

Lew Sweethearts iennese

Internationale Morning Melodies Synagogue

Organ WLW Mail Bag

Crane-Jovce ” ”

a wou

Jewel Cowboys Internationale ’ » ” " im Comm snd ‘choice... : Thin te Music ommor . Manhatters June Baker Serenade

Orientale Safely Quiz Music-Comedy

Highlights Hymns Dessa Byrd Remember?

Bailey Axton Al-Lee Reiser Footnotes Gypsy Trails

U nannounced Farm Hour

Good and choice.. Common, medium.

Sheep and Lambs —Receipts, 1256—

Army Band

My Health Carol Wyman

Serenade Poetrv Children’s Dorothy Foster : » Quin Rvan

Mail Box

Man On Street Music Services Comm. 3 "»

Hour

Moma

NDUS | 9

Farm-Home

Farm Voice G: 0. P.

Krenz’ or. »

Farm Circle Farm Bureau

i wows

” ”»

Meditations ews John Sturges

ana meal

Buffalo ” Unan nounced » Leadoff Man Baseball 3 ”»

”» ve

Aft Edition oh Farber’s Or. Rakov’'s Or. ”» » Ricardo Minnesota Game

Minnesota Game »

': ENGLAND SHIPS U.S. |i! : i| $63,993,000 IN GOLD,

s | NEW YORK, Sept. 23 (U. P.).— Gold imports in the week ended | Sept. 21 aggregated $74,049,000 of | which $63,993,000 came from England, the New York Federal Reserve Bank reported today. Of the remainder, $7.665,000 came from Canada and $2,391,000 from | Holland. The bank's statement for today | [showed an import of $12,583.000 , $8.80: 200- from England at the port of New $8.55 0-260 |'York and arrival at San Francisco of approximately $423,000 gold | from China. During the week there | was an increase of $1,050,000 in the country’s monetary gold stocks due Ito a decrease in gold held here 70; {under foreign earmark.

ho ICC HEARS REQUEST PIfRAn ails “| TO PARE ARE INTEREST jeoommon shed.

sound. i 17 Sailors.

Melodies oH ”»

"Dog Show Merrymakers Minnesota Game ”» ”

WIRE Reporter Headlines Dessa Byrd »

iis Hund

” ” ”» »

2» » ” ”»

» » ” ”»

2» ” ” ”

”» ” 2» ”»

”» ”» » »

2 ” ”» ”

Bill Anson Shelley's Or, Ayres’ Or.

GSN

’ News Barron’s Or.

”» » ”»

”» ”»

Paul Douglas Barron’s Or.

Red Grange McCune's Or. Bob Trout Scholarship

Meiodies Schem

Melody "Time

Halo inD | nym

oun

KEY NETWORK STATIONS (Subject to change): NBC-BLUE—WIJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. | CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 776. | MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM,

,» 1350.

3 5 3 aowi n to 7, StockKers and |

830.

P.).—Hogs—

CROSSWORD PUZZLE

140-100-120

$10.50;

$8.35;

$7.60;

140 ibs., _- 24 He — in th United States. 26 Wales on thg, skin. | 28 Name. 29 Kinsman, 30 Frozen water 32 Mire. 33 Form of “be.® 34 Aperture, 38 Ironic come position. 41 Departed. 42 Polynesian chestnut. 43 Narrative poem. 44 Mug. 45 Lace. 46 Three. 47 Pertaining to air. 48 Secular. 49 Perched. 51 Neither. 52 Corded cloth.) 94 Dance step.

Answer to Previous Puzzle EL SRE IE gn 2

HORIZONTAL

1, 6 Propounder of the theory of relativity. 13 Fruit.

$5.50; calves,

400;

es,

WASHINGTON, Sept Sept. 23 (U. P.).! —The Interstate Commerce Com- { |mission today opened hearings =] i Bane Ct {the proposal of the Baltimore & an Ohio Railroad to reduce its fixed | 20 Required. P ). —Hogs— | Interest obligations to provide a sav-| 22 Chain of ear Ibs. | ing of $11,000,000 annually. bones. 250-325 No opposition developed at the 29 Half an em.

IE] Do IM MEE 23 (U. y 180- 200 Ibs., 8.60@ 8.90; igs, $8 down $9.50% 10:

3 Nude. 4 Gaelic. 5 Aptitude.

41 To salute. | 45 Iron. 49 Cleansing substance. | 50 To habituate.

iN ——

'Rainstorms, 5, Lalor Troubles (DAILY PRICE INDEX!

VERTICAL Depress Average for Week. NEW YORK, Sept. 23 (U. P)—|

1 Ready. 2 Thin.

ETAL TRADE DIPS The only party intervening in the! 31 An effigy. opposed. Oliver. Asked by Commissioner a wall. on: ee in the negative. | 40 Go on (music) 59 He specialized 2 Comfort. 15 Boy.

Bo Joust 50@8. | hearings. | 27 To be per= 53 To harvest. proceedings was the National Asso-| _ sistent. 55 Person |ciation of Mutual Savings Banks, 39 Utterance. 56 Lassoes. 6 Eternity. represented by Counsel Fred N. 36 Pertaining to 57 Assam silk= 7 Cow-headed BELOW a PERIOD Charles D. Mahaffie if he opposed 37 Lighted coals. 58 He is a uni» 8 Tidy. | the B. & O. proposal, Oliver replied | 39 Expert. versity —. 9 Journey. 1 Sicknesses. 12 Born. 21 To merit. 23 To enliven.

{Dun & Bradstreet’s daily weighted | price index of 30 basic commodities, | NEW YORK, Sept. 23 (U. P.).— compiled for United Press (1930-32

by rainstorms and labor quals 100): the prop! | Yesterday

| | i HZ

srsercrnterenraess 104.25]

ping, retail trade this week dipped | Neath 880 teveviiiiinnneaass 103. 98 below the preceding period and | hie Ih oh Tor 10) Tn 136.98 widened the lag from a year ago, 1938 ns 1 (Jan. 2 117.06 Dun & Bradstreet said today in its! ow (June 2) 102.43 trade review. Sales for the week fell 3 to 14 cent »elow the corresponding 937 period, while last week's volume { was 4 per cent higher to 7 per “ihe below the 1937 comparative and the| best since last February. The decline from a year ago ) wholesale trade broadened to 4 te 15] per cent from 3 to 12 per cent last! week. : The northeast district was hardest hit by the rains which reached hurricane velocity, and sales totals in that section dropped sharply. In New England, the year's comparison was cut from an increase of 3 to 10 per cent to a loss of 6 to 22 per cent. In the East, the drop from a year ago was widened to 5 to 14 per cent.

= ; =.

sees sense

re TYPEWRITERS

A SAFE DEPOSIT

BOX IS LOW COST INSURANCE 9 Different Sizes

$3 TO $100 A YEAR Security Trust Co.

130 E. WASHINGTON