Indianapolis Times, Indianapolis, Marion County, 13 October 1938 — Page 31

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_ OCT. 13, 1938 __

N.Y. STOCKS

‘Bv United Press

THE INDIANAPOLIS TIMES — di PAGES WHEAT PRICES [Hogs Drop toGAPITALEO0DS | ON THE RADIO = CAIN SLIGHTLY; [New 1938 Low; INDEX RISES TO | spp ier [EEERNEIEES BUYING UNEVEN Lomb: Fisher) NEW 1938 HIGH

:00—R WIR be ed that she really has ar< ty ise Bol or eo) it's pir so that , Hog prices counted new lows for z the year today with the local top . ; Outside Markets’ Advance Business Recovery Shown; Makes Tone Firm in Auto Assemblies Boost

9:00—Bob Burns, WIRE. appearance on the Burns-Crosby hour practically is on a par with & Metropolitan engagement. . 8s 8 = Maybe Lionel Barrymore was save according to the Bureau of Agricul- present for a performance of “The tural bg THe tone year's Jest”. with his brother, John last a . low was $8.10 in early May. : night. Anyway the elder and ailing Chicago Pit. Vealers remained steady, With Steel Prices. OTS is Fra to appear qm choice freely at $11.50. Several cars tonight's “Good News” broadcast, of steers and heifers were still in And with him will be Lew Ayres,’ CHICAGO, Oct. 13 (U. P.) —|first hands at a late hour. Heifers Lynn Carver and Eleanor Powell as Wheat prices opened firm on the that did not move at $8 and below guest stars i Chiéago Board of Trade today un-|ruled to 25 cents lower, and the : der scattered buying based on the few lots of steers at $10 down looked 2 advance in outside markets during Sisady: Stockers and feeders were Ln to 1% cent, corn. Fat lamb prices moved up 25 cents unchanged to up % cent, and oats in an active trade. Best lots made 14 cent higher. 2 $8.50 and good and choice ewes and Liverpool wheat reacted after ad- wethers, $8 to $8.50. vancing 1 to 2% cents in yesterday’s session, General to heavy rains in the Argentine and light | rains in the Australian province of New South Wales were factors responsible for the earier tone today. Winnipeg wheat . opened about steady, Minneapolis was up % cent, and Kansas City was 3% cent higher. Corn prices opened steady in a

light trade with some buying based on the firmness in wheat.

* STOCKS MOVE TO NEW HIGHS: . VOLUME HEAVY 5

Alpha ; Amal Leath ... Amerada ...... Am Br Shoe .. Am Can ......104% Chain&C .. 23 Al 13a HX 222 16%

’ High Low Ye Johns Man ....109% 109%

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56 — 1, 66% 109% 10 1% 13%

12 : 53% 19

18% 12Ya 49 10% 19% 17%

Kaufman DS .. In addition to all the good things

you expect to hear on Thursday evening’s programs, there are a few special highlights crowded into the galaxy of variety hours. ; In the sports line, you may hear Mal Elward, Purdue :coach, surveying the Big Ten prospects on Eddie Dooley’s NBC-Red program at 5:30 p. m. And at 7 p. m., NBC-Blue, Robert A. Taft, son of the late President and Chief Justice, will speak from Carnegie Tech's 41st Founders’ Day program. On this same program you may hear the announcement of winners in Pittsburgh's International Art Exhibition. a Tomorrow, at 11:30 a. m,, Sec tary of Agriculture Wallace may be heard from Springfield, Ill, via the 'NBC-WLW Farm and Home Hour. Mr. Wallace will speak on Corn Belt agricultural problems and the Cprermments farm program before a meeting of farmers and agricultural conservationists. It will be his third appearance on this hour in the past two weeks. 8 2 ®

Now for the variety. In New York, Rudy Vallee will have Freddie Bartholomew as his guest. Freddie will do a dramatic sketch for his second appearance on the program. His guest companions will be the vaudeville veterans George Givot and Rae Samuels. Out Hollywood way, Bob Burns will be entertaining Fay Wray and Gene Lockhart from the nearby ‘|studios, and the Italian singer, Ebe Stignani, who's appearing currently with the San Francisco Opera. Miss Stignani has sung frequently under Arturo Toscanini’s direction, and has

8 = . THIS EVENING

(The Indianapolis Times is not responsible for inaccuracies in nouncements caused by station changes after press time.) INDIANAPOLIS INDIANAPOLIS CINCINNATI M_1230 WIRE 1400 LW 400 ’ (NBS-Net.) (NBC-MBS) (NBS-MBS)

Let's Pretend . U. Program Hannah 2 4 New Dairy Show Tes, Tunes

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Tickers Behind 2 Minutes; Many Stocks .Higher Than Last Year.

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Times Special : NEW YORK, Oct. 13.—The Iron Age capital goods index has risen 3.3 points to 65.1, the highest level thus far in 1038, according to The Iron Age Summary. This indication of business recovery compares with 88.3 one year ago. The rise has been. largely accounted for by automobile assemblies, the report said. Also, new business in steel has gained consistently during the last two weeks. Releases of structural shapes against recent construction contracts have shown great improvement and account for a three-point gain in operations at Pittsburgh to 41 per cent. An expanding volume of automobile steel tonnage is expected this week. The 2.5 per cent gain in steel ingot output this week from 49 per cent last week is the sharpest rise within one week this year excepting post-holiday recoveries. In the same week last year ingot output was at 63.5 per cent, but rapidly declined to 48 by the first week of November.

ASSERTS PRIVATE INVESTORS NEEDED

Brookings Institute Head Opens Banker Conclave.

NEW YORK, Oct. 13 (U. P)—|4 Stocks advanced 1 to 4 points into new high ground for more than a Am year today. Volume was heavy. At noon tickers were two minutes behind and prices were mounting to new highs for the day—many to new highs for the year or longer. Trading began active on blocks of 1000 to 5000 shares. a Nearly all the leaders made new tops, including Chrysler at 82, up 315: General Motors. 51%, up 2%; U. S. Steel 64%, up 13; Sloss Shiffield 120, up 8; American Can 105, up- %; American Radiator 18'z, up 5; Anaconda 40%, up 1%; Brooklyn Union Gas 227%, up 1; Du Pont 14615, up 2; Consolidated Edison 30%, up %; General Electric 46%, up 13%; International Nickel 55, up 1; Johns Manville 110, up 3; Kennecott 50%, up 2'2; MontgomeryWard 54, up 2%; Sears-Roebuck 79, up 2%; U. S. Rubber 55, up 21%, and

s 8 = Continuing with the talent ime presarios and their guests, we find that Chester Morris will appear in a bit of radio drama with Kate Smith tonight. Then there will be the current chapter in the program’s new serial, “The Aldrich Family.”

For contrast, Kate will sing “Small Fry” and “Living in a Great Big Way.” That latter title, you. know, is also the title of her new book. 2 8 ® # »

That pioneer music education pro« gram, the NBC Music Appreciation series, will begin its 1ith consecu® tive year on NBC-Blue at 1 p. mn tomorrow. Dr. Walter Damrosch, as usual, will be conductor and lecturer, , " The Toronto Symphony's “sums mer” series, which apparently is go» ing on indefinitely, will have ‘the Toronto Bach Choir as guests on the NBC-Blue broadcast 4t 8 o'clock tonight. Aneel For the choral portion, Conductor Reginald Stewart has chosen the March and Chorus from “Carmen.” Purely instrumental will be. the Overture to Thomas’ “Mignon,” the “Ride of the Valkyries” and 'th® Funeral March from Wagner's Goetterdaemmerung.” Sr 8 8 =

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m Zinc Anaconda Anac W&Cab Anchor Hock ( Armour Ill .... Va Armstrong Ck.. 47 Arnold Const .. Asso Dry Gds.. Atchison ... .. 397s Aviation Corp . 4'2 Peon Bald Loco ct +.. 111 Barnsdall ..... 15% Bayuk 1 pf 11372 Bendix Avn 9S Beth Steel ... Beth Steel 5 pf Blaw Knox .. Boeing Air 3ohn Al & B Borden 7 3org Warner .. 34'z 3dgept Brass . 13% 3riggs Mfg ... 36'2° 3klyn M ows 10% 3klyn U Gas .. 22'2 3runs Balke .. 11 Bucyrus Erie - . 12% 3udd Mfg ... Budd Wheel, Bulova W .. Burlington M Butler Bros ... Butte Cop & Z.

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Packing Sows— (275-300) Medium ...ccoceos:$ Good ....e0000000 Good (270-350) Good Slaughter Pigs— (100-140) Good and . Medium.

Nash-Kelv ‘Biscuit . Cash Reg . Dairy ..... Dept St... Distillers ..

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. City grain elevators are paying for No. 1 red, 57c; other grades on their merits. Sash corn, new No. 2 vellow, 44c. Oats, C.

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Today's Business At a Glance

GENERAL BUSINESS

American Petroleum Institute reports week ended Oct. 8 crude oil output averaged 3,249,350 bbls. daily, up 17,550 from previous week; gasoline stocks 68,706,000 bbls., up 104,-

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Calumet & H .. . Canada Dry ... Can Pacific... Carriers & G .. Case J I Caterpillar T. Celanese

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Close | (1350-1500) $0.73% | (9-0-1100) .67% | (910-1100 .66%s | (1100-1300) 65%

Low Close $0.73 $0.73 671% .67% 653s .66Ya 65% .66.'a

High 0eee.$0.73% .6778 .66% .66%3

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SCAN ACTIVITY IN LOFT, INC., COMMON

Stock Exchange, SEC Study Stock’s New Strength.

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Melodies ste Unannounced Melodies Orphan Annie -

Sweet & low Concert Or. - - - Bob. Elson if Inside Sports ~~".

Green Hornet ? Sinfonietty 0) ”»

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000. c F. W. Dodge Corp. reports Sep- |p tember awards for dwelling accomodations of all kinds in 37 states east San Flow of the Rockies $99,574,000 vs. $99,- | Colgate-P-P 732,0000 previous month and $65,- - 590,000 year ago. : C Dun & Bradstreet reports holiday c week ended Oct. 12 bank clearings Com Inv Tr .. 4,455,516,000 vs. $5,923,969,000 previ- vents pi eek and $4.333984,000 year Comwith & So 1

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Don Winslow Orphan Annie & Barber Lowell Thomas

Amos & Andy Varieties : Don’t Believe It Inside Sports

Rudy Valles

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Rhythm ,, BOYS

Dick Traevy Charioteers

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Times Special ’ CHICAGO, Oct. 13.—The greatest single need for a restoration of prosperity in this country and improvement of living standards is a resumption of private investment, Dr. Harold G. Moulton, president of the| Brookings Institution, told members of the Mortgage Bankers Association of America at the opening session of the group’s “Silver Jubilee” convention at the Drake Hotel here. Dr. Moulton declared that the recovery from 1933 io 1937 differed from all other similar periods. in one vitally important respect: There was no considerable expansion in the growth of productive capital. “In former times a striking characteristic of the upswing of a business cycle has been the rapid ex- : pansion of productive capacity; but in the period from 1933 to 1937 it was only the consumer goods industries which showed notable recovery. In consequence, the recovery itself was spotty and incomplete. The fact is that, although the recovery movement continued Cattle—Receipts, 450; calves, 250; slow,

. Bulls (All weights) Good (beef)... (All weights) Medium «..cc0 Cutter and common... Vealers (All weights) Choice . (All weights) Choice . (All weights) Medium Cull and common ....eeo00e

: Calves —Receipts, 450— (250-400 Choice ... Good ..

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Comwlth 0 13g Comwlth & S pf 42% Cong-Nairn .... 28!2 Cons Edison ... 30'2 Cons Film ..... 14 Cons Film > oo Cons Laundries. Container Cont Bak Cont Cont Cont Cont Mot Cont Corn Prod Crane Co Crane Co cv pf 112 Crown Cork ... Crown Zeller .. 13 Crucible St . 3915 Curtiss-Wr . ; Curtiss-Wr A .. Cutler-Ham ....

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News Screenscoons Joe ,, Fenner

NEW YORK, Oct. 13 (U. P.)— The New York Stock Exchange and the Securities and Exchange Commission are studying the recent burst of activity and strength in Loft, Inc., common stock, it was learned authoritatively today. Trading in the issue has featured operations on the Exchange for four consecutive sessions. Yesterday sales of the stock amounted to around 178,000 shares, or 11.6 per 8 cent of all the business done on the Exchange. Wild movements in price of the stock have accompanied action of Loft, Inc. in obtaining control of Pepsi-Cola Co. which reached a successive stage last month.

D’OLIER TO BE HEAD OF PRUDENTIAL CO.

NEWARK, N. J., Oct. 13 (U. P.).— Franklin d'Olier, executive vicepresident of the Prudential Insur|anee Co.+had been named acting president today by the board of directors to succeed the late Edward D. Duffield. : Mr. d’Olier is 61 and lives at Morristown, N. J. He was the first national commander of the American Legion. He joined the insurance firm in 1925. He is a director of the Chase National Bank in New York and the Pennsyivania Railroad.

GOLD IMPORTS HIT HIGH FOR ALL TIME

WASHINGTON, Oct. 13 (U. P.) — The Commerce Department reported today that gold imports during Sep2 | tember reached an all-time high of $520,907,282 under the impetus of the European crisis. f The figure is approximately 25 per cent over the previous record high, established in February, 1934, and exceeds August imports by approximately $350,000,000.

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ago. Edson Electric Institute reports res week ended Oct. 8 electric output coos 92.154,449,000 kwh Vs. revised 2,139,142,000 previous week and 2,280,065,000 year ago. : Engineering News-Record reports construction awards this holiday week $49,086,000 vs. $67,954,000 last week and $34,159,000 year ago, year to date $2.121,300,000 Vs. $1,968,997,000 year ago, up 7.7 per cent. Federal Housing Administration reports week ended Oct. 8 mortgages selected for appraisal $22,639,641 vs. $22,578,363 previous week and $11,556.485 year ago. General Cable Corp. has advanced price of bare and magnet wire % cent a pound and Weatherproof % cent. Du Pont .......145 The Iron Age reports steel ingot Du Pont deb...135% output this week up 2%; per cent to Duques L Ale tishy o 51}; per cent. = Elec Auto-L ... 333s CORPORATION NEWS pae 0 Bowman-Biltmore Hotels Corp. |E Ler Bt nine months ended Sept. 30, loss Ed al ali $31,071 vs. profit $124,764 year ago; Evans Prod... 1315 September loss $13,702 vs. profit pea $27,471 year ago. . 2s 22's Carriers & General Corp., Sept. 3 30, net assets equal to $5.29 a com- 22% mon share vs. $5.18 Dec. 31 and $8 8 year ago. : Electric Bond & Share Co.. reports week ended Oct. 6 electric output of affiliates compared with year ago as follows: American Power & Light Co., 109,357,000 kwh. vs. 116,379,000 year ago, off 6 per cent: Electric Power & Light Corp., 56,287,000 kwh. vs. 59.158,000 year ago. off 48 per cent; National Power & Light Co., 79,226.000 kwh. vs. 80,601,000 year ago, off 1.8 per cent. : Insuranshares Certificates, Inc.. Sept. 30 liquidating value $6.94 a share vs. $5.86 Dec. 31 and $6.56 year ago.

RAILROAD REPORTS

New York Central R. R. Co. (including all leased lines) eight months ended Aug. 31 net loss $20,515,149 vs. net income $7,011,298 year ago; August net loss $878,643 vs. net income $262,669 year ago. Pennsylvania R. R. Co. week ended Oct. 8 carloadings 60,054 vs. 61,395 previous week and 70,597 year

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FRIDAY PROGRAMS INDIANAPOLIS CINCINNATI 14 W_700 (NBS-MBS) (NBS-MBS)

Roundup Checkerboard Devotions Ralph Woods

Musical Clock Merrymakers ” ” Peter Grant ” Gospel Singer 9 Landt Trio

Pad i ey yr ar Hilltop Hones? Linda’s Love I Like Musie

Courageous The Goldbergs

Julia Blake Vic & Sade 5 on Pedro ed Painted Dreams -

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New o uin R ews n Ryan v Farm Hour : San on Street: it Crayne & Joye

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Romances June Baker Stokes’ Or. Sg Harold Turner -

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Boy Meets Girl “3 Margery Graham _

Louis Rich os Johnson Family Gloom . Chasers -_ Musical -

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Sheep and Lambs —Receipts, 1328—

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CINCINNATI, Oct. 13 (U. P.).—Hogs— 2500; none direct; holdover, 260; mostly 10@15c off; top, $7.70; 225-250 lbs. $7.60; 100-140 lbs.. [email protected]; most good packing sows, [email protected].

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Sunshine Min .. ice Good Morning a

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News Carl Baker Highlights Breakfast Club Mrs. Wiges Qther Wife

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David Harum Lorenzo Jones Widow Brown Ensemble

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Mary Marlin Ma Perkins Popper Young Guiding Light

Kitty Keene Midstream Beautiful Life - Mad Hatterfields

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Betty & Bob Grimm’s Daughter Valient Lady Betty Crocker

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sz | Un Stores A. Han ews Connap Shadows Song Shop’ Jack Armstrong Comm. Chest Paul Sullivan 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—WABGC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770.

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

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TO PURCHASE CAPITAL STOCK BALTIMORE, Oct. 13.—Official announcement was made here today of the consummation of plan for the purchase of the entire capital stock of Manufacturers’ Finance Co., Baltimore, subject to assent within 30 days by 90 per cent of each class of its outstanding stock, by Commercial Credit Co., which re-

Houston Oil .. 1 850, Hud Bay M&S . 3

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Citizens Ind Crabbe Reynolds-Taylor 5s 42.. 95 Rt W 5% 85......103

for over four years, the former limited number steers steady to easy; cows odd head yearling steers 6 30; part, load ment Wee never reached.” a eayies aroun short-fed, $8.50;| More than 1200 commercial an mediu t ood beef cows, [email protected]; I ons cef cows, [email protected] |, toage bankers, real estate execSheep—Receipts, 500: none direct; mar-|utives, life insurance and title and Ret, stead hos sod and Phofte Lruilee. n lambs, 8.25; lot or so strictly choice 70-T5-1h. ewes and wetners, ment agency heads were in attendon mainiy oy ance at the opening session. Wr han on F-17760: So0- : : arke c lower; - s., $7.60; ; 1bs.. .50; 160-180 lbs., $7.50; 320-240 3 LOCAL ISSUES lbs. $7.40; 240-260 lbs. $7.35: 26 The following quotations do not repre-325-350 lbs., $7.15; 140-160 lbs., $7.35; 120a0 oe 18, 00-120, Ins. $6.83; roughs, | Indicate the spproximafe market loved ig stags, $5.25. Calves, $11. Lambs, | ecent transactions: LAFAYETTE, Oct. 13 (U..P.) : Stocks 7.70: 200-275 ibs. [email protected]; 275-325 1bs.. $L2a7a0; pigs, $7.23 sown; Toughs, fg Beit BR & Yas oid oe > own, Calves, .50. mbs, i . Ww e pid....... ste ambs, $7.50@8.| Home T&T Ft Wayne 7% pfd.. 52 Hook Drugs Inc com oe CHICAGO LIVESTOCK 1081s Ind Gen Sve Co 6% pid .....101% Ind Hydro Blac 7% pfd.... 58 slow.” uneven; mostly steady to 15 cents|Indpls Gas Corp .. ts off more on light and medium- |Indpls P&L Co 8 pd .. top; $8: bulk good and |Indpls P&L Co 612% Ibs.. [email protected]; 180-2300 |Indpls Water Co 3% sows, [email protected]; Pub Serv 7% . 0. Ne xN Ind Pub Serv Co 514% pf.. p— ts. 10.000: directs, 5800:|xN Ind Pub Serv 6% pfd.... fat lambs, slow; bids and sales 15-25 cents % lower; choice Idaho lambs : natives, | Progress Laundry Co com ... : Pub Serv Co ot Ind 7% pid... sheep steady: native ewes, $3, few. $3.25.(Pub Serv Co of Ind 6% pid... 2 Cattle—Receipts, 4500: calves, 1000; steer trade slow, steady; good and near choice T Haute Elec pfd kinds not Sung much shipper competi-} Union Title Co com ......... of value to sell at $12.50 upward; yan Camp Milk Co pfd...... practical top. $12.50; most sales, $11 down: Van Camp Milk Co com..,.,. medium to good offerings getting outlet at $8.25@10; stockers and feeders slow, Eases best to $10.50: grassy kinds. $6.75@ 7.50: s heavy fat cows dull, but cutters firm at $5.25 down: bulls slow, steady at $6.50 down; vealers [email protected], firm.

litle’ changed: heifers, | levels of production and employvealers, firm, top, $11.50. trust company officers and govern- $ mon and medium, [email protected]; $7.30; 280-300 lbs., $7.25; 300-325 lbs, i| sent actual bids or offerings, but merely ~Hogs—|, Market 5@15c lower; 160-200 lbs., $7.10@ Belt RR & Stk Yds com.. Ind & Mich Elec 7% pid.. Hogs—Receipts, 15,000; directs, 5500; 140-170 .'[email protected]; | Lincoln Nat Life In 0-170" 1bs.. [email protected]; | Lincols les 1 xN Ind Pub Serv Co 1% pfd.. 7 [email protected]: sorted kinds eligible, $8.15@ 8.25: So Ind G&FEl 4.8% pfd........ 87 e Buyers looking for longer fed Bonds steady: heifers steady, scarce at [email protected] Chicago Stocks

—f— Ill Central .... 13% Ind Rayon 2878 287) Ingersoll Rand 104 104 Iniand St1“ .... 88 8712 Inspiratn Cop.. 17 Interlake Ir . Int Harvester . Int Hyd El A...

Inter Tel & Indpls Ry Inc 5% 67 ......... 52 Indpls Wat Co 32% 66 oe 1042 Kokomo Water Wks 5% 58 ...102% Kuhner Packing Co 4'2% §50.. Morris 5 & 10 Strs 5% 60.... 98%a

ago. Pittsburgh & Lake Erie R. R. Co. eight months ended Aug. 31 net income $615,939 equal to 71 cents a share vs. $2,952,719 or $3.42 year

Worthington .. 24 Wright Aero ..105'2

ago; August net income $223,416 vs. $460,616 year ago. Rutland R. R. Co. August net loss $28,509 vs. $15,047 year ago; eight monts net loss $649,892 vs. $196,531

Int Mining ... Int Nickel ... Int P&P pf ... 4 Int T&T ..... 1 Int T&T Fo Intertype

| 4th + HEE I+ +

Yellow Tr 953% Young Sheet... 44's Young Stl Dr . 22% ; ar Fe

Zenith Rad .... 22%

serves the right to acquire a lesser amount should it so desire.

FOREIGN EXCHANGE

NEW YORK, Oct. 13 (U. P.).—Following

Armour & Co Borg Warner . Butler Bros _.. Cent & SW Ut ..., Chgo tore anes resus Comwlith dish |

34% 8Ya 1%

Muncie Water Wks 5% 65....102% P 612% 47......100% zs 6% 47...0c0000: Public Tel Co 4'%2% 85 Richmond Wat Wks 5%

dviienee DT 57....103% 49....100 00%

ki yee T Haute Water Wks 6% 49....101 Trac Term Corp 5% 57.. 62 (By M. P, Crist & Co.)

xMarket St. Investment Corp.. 24.78 xDividend

DECLARES 23D DISTRIBUTION JERSEY CITY, Oct. 13.—The beard of directors of Quarterly Income Shares, Inc., has declared the 23d regular cash distribution of 30 cents per share, payable Nov. 1, 1939, to holders of record Oet. 15.

TONIGHT ATT | |.

are noon cable rates on major currencies: |Fitz Sim & C'n Cable Rates Net Change | akes Dredge _ ....... England (pound) ...$4.73%; 22.02 2-16 |Goodyear T & R ...... Eng. (60-d. b. rate). 4.72% —.02 3-16 ceed 1 Canada (dollar) .... . -16 —.00 3-3 (franc) ...... .0264 11-16—.0001%s Italy (lira) ......... 052634 Sis Belgium (belga) .... .1692 Germany (mark) ... s | Germany (tr. mark) Switzerland (franc). Holand (guilder) Sweden (krona) Norway (krone) .... Denmark (krone) ...

Costs Off Slightly

COST OF BUILDING (AMERICAN APPRAISAL CO.) 1913=100

year ago.

N. Y. Bonds

BOND PRICE INDEXES

20 2 20 60 japym Co Am...115% Inds. Rails Utils. Bonds | Am . 147 86.7 60.1 98.5 81.84 1 865 60.1 98.4 81.7. Am Rep 84.7 56.4 961 9.1|Ark N Year Azo ...... S68 M8 97 seg NGA A... 1938 High ..... 86.8 0.0 98.5 82.8 5, 1938 Low . 4.9 479 873 0.7 (Copyright, 1938, Standard Statistics Co.)

Curb Stocks Net Low Last Change 115%. 1152 + 2 1473 147s 263% (

16% V2

DIVIDENDS

Aluminum Ltd. regular quarterly $1.50 vayable Dec. 1, record Nov. 15. Bank of Toronto regular quarterly $2.50, payable Dec. 1, record Nov. 15. Kirkland Lake Gold Mining Co. extra 2 cents and regular semiannual 4 cents payable Dec. 1, record Oct. 31. :

CHICAGO PRODUCE

Butter—Market. steady: receipts, 1,813.%95 gross lbs. extra firsts (90-91'z score), 25@251,c; extras (92 score), 25'zc; firsts. 231,@23%ec; seconds, 22%ac; specials (83 score) .35%ec: standards, 25¢; centralized 3 score), 23vsc; centralized (89 score), AC. Eggs — Market, firm* receipts. 11.385 cases: fresh graded firsts, cars, 26%ac; less than cars, 25'zc: extra firsts. cars, 29c; less than cars, 29c; 19¢; current reciepts, 24!2c: dirties. 21c. Poultry — Market, steady; receipts, 53 trucks: ducks, 14'2@18'2c; geese, 14¢; hens, 1412@17'2¢: Leghorn hens, 12c; spring chickens, 13@15c; roosters, 12, @ 131h5e: broilers, 13@17c: turkeys, 14@20c. Chees—Twins, 13Va@13%c: daisies, 13% @13%c: longhorns, 13'2@13%c. Potatoes — Supplies. liberal; demand, moderate; market, stronger on Triumnohs, other stock. demand slow: market about steady; Tdaho Russets, [email protected]; Wisconsin Cobblers. 85c; Michigan Russet Rurals, 95c¢c: North Dakota Triumohs, 81.25: Cobblers. 95¢; Early Ohios. $171.05; BTiiResn a gopnlers. i Baur Shios iL Jone Arrivals, ; on track, ; shipments, Ard ae P Cc Lehigh C&N ... Lockheed Air

aS nel ¥; ‘el 4 i : : Rr a : bdenun 8% 2 ¢ p BOSTON, Oct. 13.—The cost of LOCAL PRODUCE erman 555 65 .. 3% 3 3, Pp /*| building has dropped but slightly jp Hieavy breed broilers. 2 lbs. end over. parry sm. during the past year, down ap- : : : v br s, 1 s ’ 2 Joe Leghorn han ris Roar SP ABRETS 13; | Sobon. 5iie. 00 oo. proximately 2 per cent, according to the Parker Co. Building costs

and over. 12c; colored springers, 1)2|poland 8s 50 . in August were up 21 per cent

bs. Ibs. and up. llc; Leghorn broilers, 1% Ibs. | Tokyo 52s 61 .... .... 527 and over, 10c; bareback broilers, 9¢; old Yo ues DOMESTIC BONDS 3 > from the depression low in 1932, and down only 11 per cent from]

roosters, 8c. No. 1 strictly fresh country run eggs, Hi Sah full ease MPs nem oon Rey cane "under 55 Ibs. will be made; pui- ! the monthly average back in 1928. | oophiers. '95c; Early Ohios, $1 et opm. 130." Co No. 2. 25%0 These figures represent costs, in- | Arrivals, 73; on track, 325; shipments, i t ate; No. 2. 19c. cluding labor, in 30 of our leading |332: cities and cover frame, brickwood frame, brick-steel frame, and reinforced concrete buildings, according to the company.

Colonial

(Prices quoted Yv Wadley Co.). Savings & Loan Association FEDE SAV LE 5 2

U. S. STATEMENT

High

Mid West COTD +v.nees Noblitt Sparks

Swift & Co Utah Radio Prod

DAILY PRICE INDEX

NEW YORK, Oct. 13 (U, P.).— Dun & Bradstreét’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 equals 100): Tuesday 105.17 Week ago 0000000000000 000 0 104.99 | Month ago 0008 0000000000000 104.74 Year ago ier iesdienas 120-03 117.06

Yesterday .4007 Lyles eee Week AZO .....

Month Ago ....

Presented by the Bakers of

Yum Yu M

WEST BAKING COMPANY

ME LOAN

~ 8

.2380 . 2114%

@ a

Day ©

A 03 = GN 3 NB Re NRE NS ee

Brewster Aero .

30a

U. S. GOVERNMENT BONDS Treasury Bonds High 105.20 109.31

Last! 105.20

109.31 114.18 106.29 108.11 109.00 102.15! 103.30 | 107.1 (EB

104.14 103.10 | Gt G

f Oi Hearn Dp 8 pf. Hecla Min ..... Hollinger ...... 14 Humble Oil .... mp O Can .... mp O C rg... nsur No Am Jones&Lau_ Stl ke Sh M ...

Low .105.20

109.31 114.18 106.29 108.11 109.00 102.15 103.30 107.1 104.14 103.10 Home Owners Loan Bonds 1952-44 ..........106.15 106.15 FOREIGN BONDS High Argent 4s 72 Apr...... 817 Australia 8s 57 ......103!2 Australia 4!:s ; y

1943-40 JU oes... 1048-44 ;,. s00er 1954-44 ..0v......114.18 947-45 ....ve0.0,.106.29 1948-46 ... 0000s. -108:11 1949-48 «euveees.109.00 1933:49 ,... ce... 102.18 1954-51... 0000-10230 1955-51 .107.1

55-51 reg ........104.15 1959-56

3%s 3las 4s 23s | 3s 3'as 2'28 234s 3s

—

a SOW WI Ide

JN cd Se EW

3s 2%s GUST EACH YEAR

1932 1933 1934 1035 1036 1937 138

THE PARKER CORR GENERAL DISTRIBUTORS INCORPORATED INVESTORS

WDEX FIGURE

3s 106.15

Ot bt BD) CG ON 3 =

Peyrs

uc hens, 114'2@ Sonne chickens,

seve

Princi pal.

Potatoes — Supplies, liberal; demand, moderate, market, stronger on Triumphs; other stock, demand slow, market about steady; Idaho Rusests, [email protected]; Wisconsin Cobblers, 85¢c; Michigan Russet Rurals, 95c: North Dakota Triumphs, $1.25; Cobblers, 95¢; Earl. 11.05; Minnesota

45 : s 4 527% 52V, Srun-y

Low 71 112% 10472 16% 95% 96%

1938 high (Jan. 10) seeeccose . fi p : CHICAGO PRODUCE : i Butter—Market, steady; receipts, 1,813,- : ross lbs.: extra firsts (90-91%z score), A HO 25@35V4c; extras (92 score), 25'azc; firsts, “"28%c; standards, 25c; lized 6é ” . HA SNC Celtic bss — Market, firm? receipts, 11,885 Is Lower in Cost—More Convenient than cars, 25%ec; extra firsts, cars, 28c; INVESTIGATE OUR PLAN! less than cars, 29c: 19c; current receipts, 24%ec; dirties, 21c. 1 Market, steady; receipts, 53 KATE SMITH HOUR REDUCED MONTH Y L y 3 14¢; broil i roosters, 1312 Monthly P t ki : 12C; rs, ur Ss, Cc. Chese—Twins, 13% @13%c: daisies, 13% Songs as only Kate can sing them! YJ ayments @13%¢c; longhorns, 13%2@13%c. Thrills and surprises galore! INCLUDE Interest and 4C CHESTER MORRIS 3. Monthly Payments Abitibt 5s 5 \ an Famous stage and screen star in a a S . . . AMT Blas 61... 4. NO Commissions. Low Cost. EZRA STONE B&O 412s 60 cv . : Loans on Indianapolis Broadway star of “What a Life” in ? another amusing incident of “The E :

Beth Stl 328 52 ....... 96 s reeees 963%

mt pb

S3Sgusggsdhar

1938 low (June 2) ........... 102.43 23s @323%ec; seconds, 22%ac; specials (93 Egg cases; fresh graded firsts, cars, 26Yac; less 1. Principal AND INTEREST RQ 100 eese, lds; 60 minutes of sparkling variety! Include Taxes and Insurance. brilliant dramatic sketch!

WB mn

FOREIGN EXCHANGE NEW YORK, Oct. 13 (U. P.).—Following are opening cable rates on major cur-

rencies: Net Cabje Rates Change He 130s —.02 118 12% —.02 1-16 ~.00 1-32

—.0000 15-16

Aldrich Family.” TED COLLINS Genial master of ceremonies : de ABBOTT & COSTELLO KATE SMITH SINGERS JACK MILLER’S ORCHESTRA

Sd ph 0

Goodrich 8 Int T ver 1 Kresge 3'2s8 47 ....... 99:2 Loews Inc 3'2s 46 ..... Nat Stl 4s 65 ae eh No&Sou 5= 681 IM) .... Penn RR 3'2s 52 ..... a Sea Air Lin 6s 45 .... 43 Warner Bro 6s 39 ....

WASHINGTON. Oct. 13 (U. P.).—Government expenses and receipts for the current fiscal year through Oct. 11, compared with a_vear ago: This Year Last Year Expenses $2.507.926,163.67 $2.198,829.373.717 Receipts 1,635.410,079.1 1,801,638,144.34 Gross Def. 873.516.084.438 1 Net Def. -857,836,284.4: Cash Bal, © 2, 031. Work. Bal.

0-3 DW NN

England (pound) Eng. (60-d. h. rate) Canada (dollar) ... France (franc) Italy (lira) ....... Belgium (belga) ... Germany (mark) .. Switzerland (franc) Holland (guilder) Sweden (kro

ves

14 14 81'z 81%

9 81%