Indianapolis Times, Indianapolis, Marion County, 20 October 1938 — Page 25

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‘THURSDAY, OCT. 20, 1908

> STOCKS HIGHER

IRREGULARLYIN | |

SLOW TRADING

Many Low-Priced Shares in

Strong Demand; Steel Issues Strong.

NEW YORK, Oct. 20 (U. P)—

Stocks displayed an irregularly|”

higher trend in afternoon dealings

today. Many low-priced shares and] -

selected issues met strong demand.

Trading was at the slowest pace|-&

since Oct. 4, although sizeable blocks were turned over in many lowpriced shares. Hiram Walker was an outstanding strong spot, rising 2! points to a new high at 49%. General Food advanced 13% points to a new high at 391% and holding most of the gain. McIntyre Porculine advanced almost a point to above 49 to a new 1938 high among gold stocks. : Radio was extremely active around

83%, up % point net and a new high. |4

Loft Paramount and Warner Bros.

were actively traded on fractional|4

gains, Steel shares were firm to strong. ‘National Steel jumped more than 2

points to a new high and Bethlehem |4%

and U. S. Steel were up major fractions. Motor shares improved after initial easiness. Chrysler and General Motors gains. . Rails were narrowly mixed, _ but utilities and aviation shares were higher. Other groups were irregularly higher. Bonds eased irregularly in. quiet early trading.

Rails led the downturn in domes- 2

tic funds. Early losses in the carrier division ranged to around a point, while utility and industrial obligations showed only small fractional losses. U. S. Government liens edged off

1% OF NATION'S WEALT

A SCIENCE SERVICE FEATURE. Symbols © Pictorial Statistics, Inc, N.v.€.10-20]

EASIER TONEIN CRAIN TRADING AT CHICAGO PIT

Wheat | Prices Reflect Lower Trend at Liverpool; Corn Steady.

CHICAGO, Oct. 20 (U. P)— Wheat prices were slightly easier at the opening on the Chicago Board of Trade today, reflecting a lower Liverpool market. Wheat was unchanged to off % cent, corn unchanged, and. oats un-

N.Y. STO

By Unifed Press

CKS

z, Reduction. . 83%

wn fly

- Net - High Last Change

Yesterday

DOW-JONES STOCK AVERAGES

80 INDUSTRIALS vecesssesasnsesees 150.08

-2.08

A A

iy £2, ves Jed Mile sos

230 ; FESR

ga 2%"

Week ALO ccccovevosvccccccs 152.46 Month AZO «.ccococccceceses 187.85 Year Ago asesssssssese 185.48 High, 1988, 152.46; low, 98.95. High, 1987, 194.40; low, 113.64. 20 RAILROADS

+8.05 =1.94 +0.92

recorded moderate [4D

Am Hid Am

Am Rad & Am Am Am Am

Am Am

Archn Dan

Am P & Lt Smelt ..... Stl Pdies .. Stove Co . Am T & T

BESS

& ao ater

8 Yesterday

a 2 o

88.0 1

ree en] ASG

Year Ago

2 | Yesterday Week Ago

00 0Ieucd RIODR®EE a 8

M | Year Ago

Month Ago ...

Month AZO ccsecccccscsocsen

9evevssssevcsscose s00cccovee scovvcve

High, 1938, 32.33; low, 18.00. High, 1937, 64.46; low, 28.91,

15 UTILITIES eevee 2345 22.57 18.50

22.48

7 Arch D M pf .. dosh Armour Ill .... Armstrong Ck . ait

High, 1088, 24.68; low, 15.1%. High, 1987, 87.54; low, 19.65.

Atchison

Bold Loco oO

Barnsdall

1-32 to 4-32 point under light sell- Bay

ing. Japanese corporate loans were off as much as a point in a mixed foreign section. Curb stocks failed to develop a definite trend in early quiet dealings. Prices showed narrow changes. Aircraft issues were steady. Gruraman, Fairchild and Lockheed all held about unchanged. In other secHons Pittsburgh Plate Glass dropped % point to 111%, while Technicolor moved up 3 point to 223. Utilities were steady. Oils were neglected, 2 = #

Today's Business At a Glance

GENERAL BUSINESS

Engineering News-Record reports engineering construction awards for week ended Oct. 20, $65,224,000 vs. $49,086,000 previous week and $41,146,000 same period last year,

CORPORATION NEWS

Belding Heminway Co. profit for quarter ended Sept. 30, $83,147 vs. $81,977 same period last year.

Conde Nast Publications, Inc. and {gS

subsidiari¢s nine months net profit

Borden

Am yn-M Bklyn U G Bulova Burlington

Bush

Celanese Cerro de P

Certain-td Ch

Chrysler

A 81 | Cleve Graph’ ‘Br 27% Col Broadcast a 17% Gas .... 8%

Conn

$220,929. equal to 65 cents a share ¥s{g0%

$244,363 or 172 cents year ago; September quarter net profit $85,573 equal to 25 cents a share vs. $116,573 or 34 cents year ago.

Corn Products Refining Company : consolidated net profit nine months ended Sept. 30, $7,113,111 or $2.30 a share vs. $5,003,040 or $1.47 a share same period last year; net profit quarter ended Sept. 30, $2,066, 488 or 65 cents a share vs. $661,154 or 9 cents same quarter last year and $2,123,830 or 67 cents a share for quarter ended June 30 this year. General Outdoor Advertising Company Inc. profit for quarter ended Sept. 30, $354,957 and net profit of $502,872 in preceding quarter. Interlake Iron Corp. and subsidjary September quarter net loss $452,018 vs. net profit $837,371 year

ago; nine months net loss $718,339 | G

vs. net profit $1,782,408 year ago. . Life. Savers Corporation and

subsidiaries net profit nine months gn

‘ended Sept. 30, $767,352 vs. $883,847 same period last year. Loblaw Groceterias Ltd. 4 weeks ended Sept. 17 sales $1.617966 vs. $1,521,511 year ago, up 6.3 per cent;

Pu nh Curtiss-Wr Cutler-am

Davega Str & C

Eaton Mfg’

Eng Equit Bldg

Gen A en Gen Gen Fo Gen en

Glidden Goodrich Good Goodye

16 weeks sales $6,461,464 vs. $5,943,- i

63 year ago, up 8.7 per cent. Motor Products Corporation net joss for quarter ended Sept. 30, $334,061 vs. net profit $318,006 same period last year. Nine months net “ Joss $250,839 vs. net profit $1,772,-

878 or $4.53 a share same period | H

last year . . New York & Richmond Gas Co. net income nine months ended Sept. 30, $120,312 vs. $87,994 same period last year. Noblitt-Sparks Industries, Inc. nine months net profit $46,483 equal

to 24 cents a share .vs. $622,757 or | Inter R x et

$3.26 year ago; September quarter net profit $140,824 equal to 74 cents a share vs. $180,759 or 99 cents year ago. Philip Morris & Co; Ltd, net|’ Ps six months ended Sept. 30, 57,967 or $5.95 a share vs. $3,136,- = or $6.04 same period last year. Wolverine Tube Co. September quarter net profit $54, 239 equal ta 12 cents a common share vs. $29, 392 or 6 cents year ago.

RAILROAD REPORTS New York, Chicago & St. Louis R. R. Co. September net income $58,240 vs. $157,821 year ago; nine months net loss ‘$1,923,943 vs. net} income $2,009,029 year ago.

DIVIDENDS Belding Heminway Co. 12% cents on common payable Nov. 30, record

Nov. 4. General Outdoor Advertising Co., Inc., $1 on Class A, payable Dec. 22, record. Dec. 15. Same amount paid on Aug. 15. Wheeling & Lake Erie Ry. Co. regular quarterly $1 on prior lien and $1.37% on 5% per cent preferred, payable Nov. 1,

preferred May 1.

FEDERAL SPENDING

SURPASSES INCOME

WASHINGTON, Oct. 20 (U. P)— Federal spending exceeded income |W by more than $900, 000,000 between June 30 and Oct. 14, the Treasury. revealed today.

_Spending aggregated $2,564,735, |

321, Receipts: totaled $1.655,766,037. a gross deficit on Oct. 14 stood t '$908,080,284 . as compared with $411, 560270 on the corresponding day last year. . .. ~ At the time, the puk

record Oct. | 28, vs. like payment on 51% per cent |;

Guant Sug:

Hab-Walk

Hupp

ni Cnet mipiatn Ineshs cts Interlake Int Harves Int In

(TET

Kennecot esge

Lehman

‘|Lerner Strs .... 34

Loft, Inc Lone Star

Chgo Flex

Elgin Nat Fuller Ma

Stan Dred Yieboltt 8

STEER

Arnold Const. .. Asso Dry Gds .

Aviation Corp” .

De Asph .

Boeing Air : 2 Hupeps lass .e 32 Am Srovite Cp 8

Burroughs . erm’ deb

Callahan Zine. Calumet & H . Canada Dry ... 3 «

Cent Foundry .

Ches & Ohio pf er Gt up] Ry

Chi A T, Chickasha C .

Com "Credit ves Com Inv Tr . . 8 Com_ Solvents Ccmlth Tien. 27

Eitingon Sch Elec Auto-L ...

Ex-cell-o .. =

Brignad sug. ....

Florence > stove’ > 5 Foster Wheel . Francisco sug.

Gamewell Co os Tr

Grevhng & Ft

Hecker Prod ..

Hudson Motor.. 9% Motor ..

Ind Ri 2 Theorie Rend 10 op. . Md.

V Te Int Nickel ... Es 2: Johns Man ..

‘Kre S8 : Kroger G&B . Leh Val RR ...

Chicago Stocks

Aviat & Tran ....evee.. Bastian Bless Belden Mig Bendix Aviat Bliss & Laugh Butler Bros Cent & SW Ut

Chgo Yel Cap .. Comwlth Edison

a 20%

Nacham Soring ay No Amer Car . Seah Roebuck esterase

isc Br SNIS cececeee. 4% Zenith Radio ......

KANSAS CITY, Mo., Oct. 20 io P).—~Hugh M. Lawson's Champion earlot of fat Angus steers sold at auction today for $14.50 per hundredweight in the Americ c debt RoOval set O ‘sale ’ 4

Loe a

1 1% Lorillard

+11 4414; Ses ae

[42

as“. 34 M.. 193% 8% Nat Biscu

SF FE

asco. 6 23

~a ne SaR aan

Otis Steel Owens Ill

8 |Pac G&

H+ +440

i “+ ze

vous £ A .. 25%

S eee By git 8 a0 13804

++ +++

Schulte R

C+

“Ey

Stew War De nehalar Superior O | Swift & Co Swift Intl

ey CIETY etn - ~

G 8ul 0 hs

2 horapsen

- OUI’ IDY

20th Cent

BRL ae

- a>

HER

~-. —

sili FHV

+ N

eee 13% 13%

| -

Ms 5 82 12% eit 55 oe i ah Foot 4 Na

+ 5

1314 3, 8 53%

Un Stores ter. . A:

SOLE

+1:

yalgreen 9% £

d844

aon 103% . 48 a 48% 20. L119 in 19

103%

48% 20Ys 19%,

5% 27% 34 55% 101 Re Bn & %. 8 61

g444g9934%

Yellow Tr

Cem. 613%

High Low Close Bross 2% 21 234 @25Ysc; 11; 113 23% 18%, re Sp a | cars, than cars, receipts,

secsconess 11% score), 25% seveaeneens 11% ccessncsce 24

shaft

Peultr Wat ... trucks; Co ....

chickens,

8 cececcee

2 ps iv esseve ihe 2 447. "23

S NET

Grand | 3% ts

old roosters, No 1, 3c; each

Nash Sel rea Nat BaddSnare Nat iry ‘ Nat Distillers” ve um

N a NYC&StL ptf ... NYC Omnibus . NYNH&H

No Amer . No ames pt... No Am Avan

Ohio Oil Oliver am Eq

Reo Mot Republic = . Revn Tob B Richfield Oil ...

Safeway ..cecee

Oi Jo. Shar] Prod ....

Young Sheet ...

Zenith Rad .

CHICAGO PRODUCE

Butter—Market, steady; receipts, 788,165 ss 1bs.; extra firsts (90-9112 ign il Ls extras 3% @2i%e; seconds,

2tse; extras, 25¢; refrigerator standar

ducks, 142 @17Yac!

and up,

High Low

eevee 20% 20% 20%

45% 17%

¥a|1937 High ..... 95.0

FRNESTERR

. oo se eo

DI-40I 1-4 0D 14

HOI GORI St SCH FH HEE

SFR

seve

Til Glass

LL etd T Re BD

Ren BIN wW00

Texas COIp .... Tex

8! Third AV RY ..

er.

. Transamerica i Trans West Air

Fox.. 26

Und Ell Fish.

n Stk Un Stk Yd pt.

ralker (EH)

+H HE iy

an 22%

25%c;

(92 score), specials

ane ac; standards,

gs—Market, easy; receipts, 4157 cases; Sa2ded firsts, cars, 26Y%c; 5lzc; extra firsts, cars. '27%c; less 19@2aic; current |82 refrigerator

27%2c; ch ‘ditties, 22¢; 24% — Market 14@16c; Leghorn 13@16c;

15¢; 12¢; 121%.@13

Faese, ooire,

3 | broilers, 18@19¢c; turkeys, 14@18c. Cheege—Twins, 131 @1315: 4 Tne: longhotns, 132 @13% Potatoes—Supolies, slow; market, firm 75; Washington E Russets, $ Vv; Round Whites, 9a: 1, | Michigan Russet Furals 3 a Triumohs, $1.17%2@ 3% [email protected]; Minnesota Cobblers. $1.02%@ Arrivals, 50; on track, 244; shipments,

90@95¢; Cobblers, Soca) 85¢; North Dak

LOCAL PRODUCE

Heavy breed broilers, 2 lbs. and over, breed hens, springers, ' soiored soringers, horn broilers, . 1% ibs. and over, Mo ‘bareback broilers, 9c;

12¢; heavy d ie: Rock

: Le

8c. Strietly fresh country-run full case must

Net Last Change

% | Month Ago ... 83.7

& a a =

% | Argent 414s 7 .

¥ | Hollan

+ 1%

Tes 26¢c; centralized | t 2 score), 23%c; id (389 score),

less than steady: receipts, 44 |

hens, soring

Suisles, 13%

and, Idaho Russets, $1. 20a $1.50: Wisconsin

32%; Early Ohios, 1.05.

igh bs “ibe.

w ss; a net ded ction of 15c for each full an | gee ugder 85, Iba vill be made; pullet

changed to 3 cent lower. Liverpool wheat eased on reports of light rains in parts of Australia, but firmed temporarily due to frost reports from the Argentine. Winnipeg wheat opened % to % cent lower. Trading in corn was quiet with no trend in either direction.

WAGON WHEAT an n elevators are ps. ‘for No. 1 red, 57c: other Rages on their merits. cash, corn, new . 3 yellow, 39¢c.. Oats

LIVERPOOL WHEAT ” (U. 8 Bauivalents ad on Soarlin at

ba Delonas i eres. $0. if sod 0 $0. ii

8844 si gt Sos

ns RW N. Y. Bonds BOND PRICE INDEXES 20 20 2 60 Ind. Rails Util. Bonds Yesterday ..... 87.1 59.6 98.6 81.7 Week Ago 87.0 60.8 98.8 82.2 55.8 95.8 8A 74.8 93.2 88.7 100.0. 106.0 99.8 %0.0 98.9 82.8 41.9 87.83 %0.% 101.2 106.0 - 100.7 92.3 81.1

| Year Ago ..... 844 Two Years Ago 93.8 1938 High ..... 87.8 1938 LOW ...... 74.9 % (1937 Low ...... 80.1 1936 High . 106.2 100.2 1936 Low ... © 90.0 103.5 93.3 (Copyright, 1938, ‘Standard Statistics Co.)

U. 8. GOVERNMENT BONDS Treaury Bonds

Hi a 334s 1945-40 Ju ere. 1081 i" aus 10

1955-51 vesss ass s107 3s 1080-35". .... a0. J03. 17 2%s 1963-58 .. 2.24 Federal Farm iis Bonds 3s 1947--42 106.5 106.2 108.2 3s 1949-44 106.17 106.17 106.17 Home Owners Loan Bonds Boas 1049-39 .... 102.19 102.19 102.19 1847-42 106.5 106.2 106.2 . DOMESTIC BONDS

High Low past Am TT 3%= 68 ..cc..0.104% Ys 104 4 A

& O 4s 8 .cesescone Celotex 4'25 47 .... 91% 3 Com Crdt 3% 51 +.....103 7 100% Cons Edis 32s 48 106 108 Ark 69 . 82% Yo 95%; % 9314 Low Last Ys a

rd - sUBVISCHD HE

P Penn RR 4%s SL BONDS

Argent 4s 72 © 89% Australia 55 57 ceeeens. flo Belgium. 6s. 58 ........103% Brazil 8s 41 ....

Peb oaerie 81% 103% 10315 133%, . 99

bt WONMO=OOW00

as a5 Den mark 51.5 55 German 5%8 6s..

an Stocks

Net Low Last Change 3% coe

se oles

ma Fa etaa o

roy is | wate

‘ 8, Tan Tis ts OB) CI EI CED

Bes Cooperwld sti. Creole Pe FrGSFue ca ‘ot ®

on - a] OD ib

00 LESRR ata SF BNR 00 +

Cadi w Ben SR 2S

EES

a aT

Un Shoe oe Wright Sarg .

U. S. STATEMENT

WASHINGTON, Oct. 20 (U. P.) —Government expenses and receipts for the cure rent fiscal Year through Oct. 18, compared with a year

his Yea Expenses $2,601, A%S 31 18 $2. 268. iz, 2080. 17 .. 1,604,136,499.8 1,866,980,388 27

a . Gold Res..14, 008, 236,361.24 12, 788, 238,941.47 Customs .. 97,935,125.69 137, 440,927.56

: INDIANAPOLIS CLEARING HOUSE Clearings SEP eleirsivsense $3,283,000

FOREIGN EXCHAN GE

NEW YORK, Oct P.) —~Following age noon cable its 4 major -curren-

cies Sane Rates Net Sp ange

Engin pa “% anit 030k

| Casa a Mn "ts France ae eve 0568 3France (fr 10266 3-16—. 0001" 1-i6 taly- Qirs} its .0526% Germany fmark) sermany (tr. mark) witzerl’'d (franc)... d (guilder Sweden (krona Norway (krone) ... Denmark (krone) .

FOOD PRICES

CHICAGO, Oct. Michigan Ai, Potatoes—Tennessee, bushel Carrots—Illinoi. bunch Be

dpimict inach-—Tiinos at. baskets, 40@5

ia crates Seo 1s Peas California, hampers, [email protected], Celery Michigan, Highball states, 50@80¢. Onion bon sacks)—Illinois yellows, 4065s daho sweet Spanish,

2127

hamper 1% @3c¢ Edd ¢. Cauli-

A c.| AWARD FOR SEC CHAIRMAN NEW YORK, Oct. 20 (U. P.).—

the Securities and Exchange Commission, will receive the 1938 award of the National ‘Association of Accredited Publicity Directors in recognition of outstanding service in 1: publicity, it was announced. The award will be made Nov. 21 at the association’s annual dinner.

A SAFE DEPOSIT

IS LOW COST BOX surance

RENTALS $8 TO $100 A YEAR PLUS TAX

Security Trust

|Hogs Advance To $7.75 Top; ‘Lambs Higher

Hogs weighing 160 pounds and over advanced 15 cents in continued Sant marketing here today, according to the Bureau-of Agricultural Economics. Too vrice for 190-200 pounders was $7.75. Pr sold unchanged at a top of $11. Good steer yearlings were valued at $10. Good Western heifer Sos calves brought «rom $8 to 25 Fat lamb prices rose ‘50. cents, lifting best ewes and wethers to $9.

Oct,

3 wo

®ossc.00000 ys eveesesssoe + ¢esvsscecceenes

$3:339:9:33

Barrows any Sey (140-160) (166-150) Good (180-200) Good (200-320) Good (220-250) Goo {250-200 Good 00) Good an

Packing Sows— (275-300) Medium (426-500) Good

ps aban . 8606080 AISI?

@-3-9 233%.

od (370-330 350) Good vn asonaaee "| slaughter Pigs— >

9 | program tentative decision ‘yesterday to sell

WITHHOLD PART | OF CITRUS CROP | TO HELP MARKET

Oring. Production. Largest In 10 Years; Florida to "Restrict Trade.”

WASHINGTON, Oct. 20 (U. P.).— The Agriculture Department's citrus conference has begun consideration

year’s large orange crop. The con=}

gram for market cull grade oranges, which represent 10 per cent of the yield. The low-grade oranges would be

diverted to: by-product uses. ‘This ‘would dovetail with the

New York Stock Exchange officials

|of the problem of marketing this] -

ferees tentatively accepted a proe| withholding from the|’

EXCHANGE OFFICERS - DISCUSS: PRACTICES

WASHINGTON, Oct. 20 (U. P)—

discussed “unfinished business” with Chairmati Douglas of the Securities and: Exchange Commission, it was ‘|announced today. Those attending the conference were William McC. Martin Jr., Exchange president; Edward E. Bartlett Jr., chairman, Board of Govers nors and Paul V. Shields, chairman, Public Relations committee.’ Although the conferees declined to discuss the nature of the “unfinished business” 1 was believed

the . conv tions the conmeas

revolved Senor on the. Richard

Whitney. failure.

It was understood that the & Repar;.

would recommend changes in tain Wall Street practices ive. broker-customer relationships.

IC OUTPUT INCREASES

TULSA, Oct. 20 (U. P.) —National 7

oll: production for the week of Oct. 15 increased 35, 103 barrels daily but stayed well. below the’ Federal Bu-

reau of Mines estimate of October demand, the Oil and Gas’ Journal announced today. : A daily ‘average production of 8,275, 128. barnes was reported.

ONTH

TONIGHT 7:00—Kate Smith, WFBM7:00—Rudy Vallee, WIRE. . 8:00—Good News, WIRE. - 9:00—Bing Crosby, WIRE. The Thirsday guest-star list is even more effulgent than usual tonight, what with Bing Crosby re-

: Rat,” ”

E RADIO

Variety Hour WFBM). For Mr. resented by last: year’s hit, “Brother and his current. comedy, “What a Life.”

. The “Brother Rat” film cast, how-

[ever will be represented in a special

broadcast from V. M, I. at Lexing-

Tal: will ., Ee Tep-

only top quality grapefruit. Orange production this year was estimated at 56 per cent above the average for the last 10 years. Grape-

turning, Joan Crawford. appearing| on the “Good News” show; and another Broadway hit scheduled for a condensed presentation on the Rudy Vallee hout,

on SB

(100-140) Good and ehotes. . dium

750-900 (800-1100) Good 1300-1300 Good

750-1100 RIO reveranree

1 00 m .. Sal

fruit production was estimated at 141 per cent above the 10-year|.

‘|average.

Marketing restrictions would be

00 | effected through marketing agree-

ments. The California-Arizona and Texas regions already have marketing restrictions. The Florida group gave assurance that it would encourage adoption of an Sgreement in that state.

Just when listeners were beginning to get worried about Mr. Crosby, he pops up from his prolonged summer vacation.on NBC-WIRE at

cial attractions Joan Bennett and Walter Connolly. 8 # 2

Miss Crawford is booked to-do an original radio playlet, “The Moon Is

9 p. m. He'll bring with him as spe-|

radio” John Heinold of LaCrosse

ton, Va., the play’s locale. - -, - Priscilla Lane and Wayne Morris, down South for the premiere; will be heard with Eddie Albert, Johnnie Davis and the whole V,. M. I. cadet ‘ corps.” Ezra Stone, Betty Fleld and Leah Penman, of ‘the “What a Life;” cast, will' do another episode of the radio: serial . based on this play. ol 8 » 2 wi Another Hoosier farmer _— be featured tomorrow - when

a for an interview on fad Lid “Voice of the Farm” program,’ ‘11:30

(750-1100) Common (plain

OID WHO OL

on Fire,” for her first radio per1formance of the season. -Othern

(550-750) Choice -..... 5 Hutets (750-900) Good

(880-500) C All Welghte—

Good "es 0V eect Pssns Ol Mediu’ hitnseistiy ths, om: Low cutter and “cutter. esas Bulls (All weights) Good (beef)... Git weights) Medium....ce0 tter and common....eseed © Vealers All weights) Choice ..ceec0e n an Weights) a ‘esenvens weights) Medium common Calves —Receipts, 599— (250-400) C Good

obo 353

gaa poco

«3 SR

° "vieseneses

jo TH

“3-3do-3 en chen gn

som spores 333

hb poSE

8338 833

Po on 33833

0088

seven esess

oo : tes and Stocker Cattle 5

od and. choice.. Goo ice

(550 E00:i080 $500- -800) (800

030) Go (500- C1850) Mea dium (550-750) ood and ‘choice ©

Heifers— assesses .en

(550-750) Good and choles. . Common, medium.

sesssccsnse

NW APINODO SURO

She i

~yhIenay

aon SSO

oo oouwe So 8385533

CRUDE OIL STEPS ~~ UP PRODUCTION

Refiners Reduce Stocks in Gasoline Moderately.

RAO

NEW YORK, ©ct. 20 (TU. P)— Crude: oil production. was’ stepped up moderately in the week ended Oct. 15, while the nation’s refiners effected a moderate reduction ‘in their stocks of gasoline, the. American Petroleum Institute reported.

Daily average crude production was estimated at 3,271,600 barrels, an increase of 22,250 over the previous week and" compared with 3,602,150 barrels in the corresponding

{ Darling,” and Billie Burke, who ‘will

‘|listeners at 7 p. m, NBC-W

: srongl ’

$6.75; vealers

CINCINN '» | Receipts, 7800; none direct;

s aso: pi $138 50; lambs, $8@8.

PRICES RAISED FOR 3 Auto Industry Leaders State

7,293,000 |

5 500.1 1.65. i PBvest

William O. Douglas, chairman of |

Sheep and Lambs —Receipts, 1085—

Shas

Good and chofce.....co0q000 Common and medium edium ...ee. 1.00

CHICAGO ) LIVESTOCK

2.00 Hogs—Receipt 5 14,000; -directs 5000; market tory: ac ve, moatly Sage | higher; spots 20c up, to d an choice 220-290 ibs. a 851 180310 dos, [email protected]; 140-170 1bs., ; good 50-500-1b. pacing, SOWS, a Br 257 hter ho $7 ie 10.000; 2500 directs. Fat WL Fond 14 Joa. riings a active; 25¢c and m ors higher; and natives, $5.0 few sof to Packers. $8.60, and to § paul killers, , $8.65: ..yea 33357 str native ~ ewes, eh hs as, 8; feeders Cattie—Receipts, 4000; calves, 1000; fed steers and year] active e, fully Sleadys m predominati

hig and Der Southerns: very little she stock, heifers Steady to weak; beef cows weak lower; fairly potive ‘demand on ye grades at 85 di o $4; bulls steady with light kinds slow, or weighty kinds fairly active up jo Ho scarce and selling a

own

$10@11; few,

ATI, Oct. 20 (U. P.)—Hog market active top, $7.75; , Soanas aa

calves, 250; marSee $9. 3 [email protected]

"cutters top practical top, |N

Receipts, 600; one direct; market fairly jane, strong to 25¢ . higher good trucked-in lam [email protected]; double: 70-74 iy rail arrivals largely $8.75 and $9.25; common and mediu 5.50@ 7.50; slaughter ewes Anchanged at $2@3.

generally 1 1bs., $7. iss g good packing sows, Cattle—Receipts, 600: ket slow, uneven; packa ie good heifers, Scarce: scat

good beef co 0 3° cutters Jargely $3.50 24. as bulls, $6: vealers strong:

Shee

FT. WAYNE 20 aIket Saady-to. os She Fgh: fT 7.45: 160-180 Wo Pen. bE 240-260 1 a J 10% ‘oh a ky 3 10%. AT ho 8 37:20 120-140 1bs., $6.85; 100-130 1

Roughs, $6.50; stags, $5; calves, $11; ois 36. g a $11;

LAFAYETTE, Oct, 20 (U. Ben ket, AT “higher, 160-200 lbs., $7.40@7. ao 200-275 1bs. $1.40 [email protected]; 275-325 lbs. @17.30; p down; Touehs 37 'd

SHEET, STRIP STEEL

Report Came From East.

DETROIT, Oct. 20 (U. P.).—Automobile firms were informed that prices of cold rolled sheet and strip

steel would be raised immediately to - prices. prevailing before recent cuts of $6 a ton. ‘There was no official announcement of the price boost, but word was circulated in the industry that after . today the steel companies would do no business eacept at the published price. Auto industry leaders “said the report came out of New York. They accepted it as meaning that prices of flat rolled material would be

and August.

< .

BUILDS NEW YARN PLANT

WILMINGTON, Oct. 20 (U. P.). —B. I. du Pont de Nemours & Co. announced today that it is prepared to start construction on a new §7,000,000 - textile yarn plant at Sea-. ford, Del.

—

PROPERTY ‘MANAGEMENT*

% Supervision of your property to assure - adequate return on invest. ment and to safeguard the principal by keeping in touch with: all condi. tions affecting valuation, fs the specific function of this department.

Fidelity

Trust Company 123 East Market St.

Cont BR s— | Home T&T Ft W

-250 | Ind & Ind Ge

Indgis pls

Dro Laund

Citizens Ind Sel Crabbe Reyn {Some TE

Ko $7.20 |; i 4 50... os ne. er Pack nes Co, arg

own; |] Man Noblesv Ht af

Trac Term Corp

{Dun & Bradstreet’s price index of 30 basic commoditie

raised to levels prevailing last July ||

1937 week. An increase of 16,400 barrels in

the daily output of California fields was the principal production change in the week.

Total finished and unfinished

gasoline in storage as of Oct. 15 amounted to 68,426,000 barrels compared with 68,706,000 a 66,666,000 a year ago. and fuel oil rose to 152,648,000 bar-} rels from 152,275,000 in the preceding week and 118,086,000 in the 1837 week.

week ago and Stocks of gas

* Crude runs to stills averaged 3,31C,000 barrels a day, against 3, 205,000 in the preceding week and 3,388,000 in the same week a year ago.’

LOCAL ISSUES

The followin

i] Tans

BA ATCESE ; cen as

‘|Bel Bn & Btk t ak og over as Prd & 12 10514 65%2

i 98 3 102%

Hook Drugs Inc & Mi ich Ele 1% pigs.

Ind Hy Ty as Cor Indp Li {| indpls i | Indp,

incoln

Pub Ser SRE Ba nd Pu Ind Pub Serv Co 5% pid.

com Pub Serv Co of Ig" Te pid... b f ind pid. .

mer an S ¥ molds Les i i 18 To 103 tn, .104

% 455 z i

I 6! .104 Jomo Wat % 58. ...103%

es a use. 3 84% 41. Be

ge ae Water Wks

5% 49.. ater WEA 85%. 0% I Haute Wer Wis % ‘49... i

(By M. P. Crist & Co.)

Manel St. Investment Corp.. 25.55 27.46 vidend.

DAILY PRICE INDEX

“NEW YORK, -Oct. 20 (U.P).— -daily Weignien

compiled for United Press (1930-33 equals 100): Yesterday eccecccocsescccccccs 104.49 Week 280 coseosesssosscrecss 1 Month E480 ceccscssscs Year ago 0000000000000 000000

11938 high (Jan. 10) coesessoe

1938 low (June 2) eecosossssoe

TONIGHT AT 1

PRISCILLA LANE WAYNE MORRIS JONNNY “SCAT” DAVIS 5 EDDIE ALBERT ". Pour stars from the new Warner picture sensation “Brother Rat.” .- EZRA STONE . Broadway star in another amusing incident of “The Aldrich Family.”

THE RANCH BOYS Famous Cowboy Trio TED COLLINS ABBOTT & COSTELLO KATE SMITH SINGERS

Joon)

(11:00 11:

LR g 1 HR

{ | Savings & Loan Association’ 3 MEuBER, FEDERAL, SAVEIGh dh OMY

guests are Judy Garland, in a preview of her new picture, “Listen

Raymond Massey, who is doing| the title part in “Abe Lincoln in Illinois,” will: do scenes from the new |, Robert Sherwood play for Vallee

The Sherwood opus is coming in for some nice radio plugs these days, with’ a good send-off by Dorothy Thompson Monday. night. Mr. Vallee’s other Broadway representative. will be Hiram Sherman, who is to do a number from “Sing Out the News.” 8 ® 8 Unofficially, this will be “George Abbott Night” « on the Rats Smith

INDIANAPOLIS WFBM_ 1230 (CBS' Net.) Let's Pretend | 9 ” Tea, Tunes

E 3400

Wn lohe ROW

: Selene Prog. Sov Wing

Tr! 2.3 Fak

‘Easy aves. Vocal Vari A ewspaper Kate Smith Rudy Vallee ”» ”n br 2 ”» ” E ”» ”» ~ ”» ”

“Major Bowes Good News ”» [ om. LE. » : i » ” Workshop Music Hall : Americans Work »

aoe en canal

News Screenscoops Joe Penner

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8 i Ton Eo, Magle c "Hour

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NBC-BLUE—WJZ, 100; wow , 1160; NBC-RED-—WEATF, 660 , 1070; CBS—WABC, 860; WIR, 0; 'WHAS, MUTUAL WOR; 710; WHK, 130; WHE

28 South Illinois St. oh

NEON ¢ BENG

SERVICE

Indianapolis Electrie Sign Co. 228 N. Ala.

or 4 vr 0 oon oe :

ERLE caused by station changes aft * INDIANAPOLIS CINCINNATY - .

of Alr Hine Beltere

"FRIDAY PROGRAMS ~~ -- -:-

, INDIANAPOLIS

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a. m. Mr. Heinold won this year's Neatest Dairy Farm Contest. .. . And WFBM tomorrow inal tes a Monday-Friday : series called “United States Government Reports.” “The National Emergency Council is presenting these 18-

minute talks.

“Dr. Howard ‘Hanson will . offer first performances of seven Works by young: American composers in a special broadcast by the Rochester Philharmonic Orchestra at. 7:30 p. m. today, NBC-Blue. The compositions. are Paul. Beckhelm’s “Tommy Drumm’s Saloon”; Kent Kennan's “Night Soliloquy”; “The Winter's Passed,” by Wayne Bailow; Mary Howe's’ “Spring Pastorale”; a fantasy on a Western folk song by George McKay; *“Soliloquy No. 2,” 'by Bernard Rogers, and Robert McBride's ‘ballet, “Show Piece” °° 8 8 =

THIS EVENING = i

(The Indianapolis Times is not responsible for, inaccuracies in program ° ame

er press

‘WGN (MBS-Net.).

Harold | Turne ohnso

Serce's or. ‘Rhythm Boys

(NBS -MBS) Jannah ambore 4 Jack Aven stron rong Paul Sullivan Concert Or.

on Winslow Srohan Ann - Unannounc!

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Music Hall -. ”» LI

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Crawtors.e s Or.

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Moon River » 1]

Review ‘Hines’ Or.

CINCINNATY 700 ~~ (NBS-MBS)

Checkerboard Valley Folk

Merrymakers Peter Grant Gospel Singer Radid Rubes

en : "WGN 7 3: (MBS-Net.) Silent Tor Morning”:

Mugs Box 2 3s Rowh

Ban 4 Sa Rhu miifiop” Houss

ge Morning ri Betty ¢ Ehiicer.

Seagic Hour SN Melodies :

1 Like ro as : oldbergs ° Julia Blake New Joo’ Road of Life. ainted Dreams "Editod’s Daughter gp Juther O'Neill" & Jan

s ge LO min Ran

Farm Hous ; : ae i ia aT Bo frre a

A vacrs Ed, Fitzgerald

Koffee lataen Bt ood Hearts. Kitty. Keene “Jess, Rulon

Midstream Bs im

Beautiful Life: ff Sohmen oh Finity ack } Suit 1

a aris Ma Perki Yor un

Mad Hatterfields t: strong Here

KEY NETWORK. STATIONS (Subject to change):

: WENR-WLS, 870; KWK, 1850: : WWJ, 920; WMAQ; 670. 820; KMOX, 1090; WBBM, 770, WHE 640; CKLW, 1030; WSM, 850,

BULLETIN

A new daily raiiio feature; 1 enpouncing infant births. -

WIRE Daily Except Sune

aay, 8 8:30 A M.

TOT