Indianapolis Times, Indianapolis, Marion County, 1 November 1938 — Page 19

Page PDF (13.39 MB)

Back to issue view

EAD MARKET; ADING EASY

‘Bethlehem Makes New High _ Standard 0il, Utilities, ~~ Rails Gain.

NEW YORK, Nov. 1 (U. P).—

‘Steel shares led the stock market ‘higher today. Trading was mod-

‘Bethlehem reached 69 up 15% and & new high for the year. U. S. Steel reached 65% up 14.

turned active and strong when di-

State

0 40

1930 1931 1932

Acme Steel ..... Alaska Jun .... 9 Allegh Lud. Stl. 21 Allied Ki d .... 12 Allied Stores ... Y 1 1 52

8 7s Ya

rectors voted a distribution of three|am San

shares of common stock for each 200|4

shares held and the regular semignnual dividend of 50 cents a share. The stock reached 53 up 1. ‘Nonferrous metal issues were steady. Utilities and rails registered

small gains. Numerous special issues 2 made new highs, including Ameri-|4

can Hide & Leather issues, Colum-

bia Pictures, General Tire, Interna- A

tional Paper, Kroger, New York "Shipbuilding and North American Aviation. Utility issues firmed in an otherwise irregular domestic corporate bond list. Local tractions were in best demand with gains ranging to 2% ng in Interborough 5s of 1966. i trials were firm. Rails were active, but failed to develop a definite stand. : Foreign dollar bonds sold off from an early advance, and early forenoon prices were irregularly higher. Japanese issues, with gains ranging to around a point, made the best

U. 8. Government obligations were steady in a light trade. -- Adrcraft issues advanced into new high ground for the year to lead a moderate improvement in curb stocks. Opening gains were extended to more than a point in forenoon dealings. : Fairchild, Grumann, and Lockheed aviation shares- swung up to new 1938 tops in initial trades but attracted profit-taking which scaled the advance. Gains ranged to % point in Fairchild and Pan American. Jones & Laughlin Steel, Pittsburgh Plate and Niles-Bement-Pond

industrials. Utilities failed to share in the forward movement. Electric Bond

& Share 6 preferred lost 1 point, the 8

5 per cent preferred was off % and e common off ls. American Gas Electric and American Super Power were fractionally lower. ‘Lake Shore Mining gained !z to

legd a moderate upswing in mining:

Oils were dull. 2 2 ®

shares.

At a Glance

GENERAL BUSINESS Oil & Gas Journal estimates week

Curtiss-Wr Curtiss-Wr A

un ee Duplan Silk .. Du Pont

Today's Business|:

Armour III ... Armstrong Ck Asso Dry Gds... Atchison . 3 Atchison pf .... Atlas Corp .... Auburn Auto ...

ve .

Bald Loco ct.... Balt & Ohio ... Barnsdall Bendix Avn —... Best & Co Beth Steel ..... Boeing Air .... Bon Ami as Borden es Borg Warner . Bdgept Brass . Bklyn-M T .... Bklyn & Q Bklyn U Budd Mfg Budd Mig pf... 4 Burroughs .....

Calumet & H .. Caterpillar T .. Celanees Celotex Cerro de Pasco. Certain-teed ... Certain-td 6 pf. Ches & Ohio .. ¢ Chi Mail Order Ch M St P&P pf Chickasha C .. 1 Childs Chrysler Colum Gas ..... Col Gas pf A Col Pictures vt Com Inv Tr .. Com Solvents .

Cons Cons

Cons were up a point or more each among Cc

Can Steel .... Ex Bank..

Cuba Co ....... Curt Pub pf ..

Cutler-Ham ...

Davega Strs .. Davison Chem..

eag we Douglas Air .. ..146 146 a — . 20% 34°

Eaton Mfg ...

[Tory Boo ab— aS

Farm Commodity Prices

(1923-1936—0)

1933

Drop at Winnipeg Depresses

1934 1935 1936 1937 1938

Indisna University Bureau of Business Research.

“N.Y. STOCKS

Net Close Change ¥ "3% + %

PH HHL HE HE

144

. CR uw.» Fa eee

8 SHIRES

35 | Tenn Corp

By United Press

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS ; Yesterday ....coceccececceso. 151.93 -+ 0.66 Week AZO ...cccoccnscnsiues 15417 +0.05 Month AZO .....cocoececsccss 144.28 —0.06 Year Ago Holiday High, 1938, 154.17: High, 1937, 194.40: low. 113.64. 20 RAILROADS Yesterday ..... Week ARO ccoccovvvcscsvssoce Month ARO .ccoccooscocccnan Year AO .....ccecevtensnace High, 1938, 32.33; low, 19.00. High, 1937, 64.46: low, 28.91.

15 UTILITIES

sesscssgteescscsoe

31.49 —0.40 2.00 0.27 27.63 --0.09 Holiday

sesesvesssecse

24.35 0.09 24.41 +021 20.08 —0.12 Holiday

Yesterday Week ALO .ccocoocvcsossccsce Month AZO ...occcovvsscacee Year Ago ..... High, 1938, 25.19; High, 1937, 37.54:

sess ssssecant

low, 15.14, low, 19.65.

; Net High Low Close Change Paramt Pict .. 11% S ay Pathe Film .... 14% 1 Penney . 8 Penn D 478 Penn D C pf A 26 Pern Gl Snd cts a! Penn RR Pet Corp Am.. Phelps Dodg a Phillips Pet ... /

SE ELE

Press Stl 2 pf. Proctor & G .. Public Serv .... Pub Serv 6 Pullman ...... Pure Oil ......

33% 113% 337%

1 11

—R Radio .......... 872 8% Ry Sec Ill C.... 8% Reading ..... Republic Stl. ... 19% 8 | Richfield Oil .. 7% Ruberoid ...... 32'2

Safeway ..... oo 247% St Jos Lead ... Schenley Dist .. Schulte R ..... Schulte pf ..... Seagrave 3% Sears Roebuck.. 75 Servel Inc 16% Sharp & D pf.. 43 Simmon 32 Simon

8 322

24% 46812

South Ry 20% Seuth Ry pf.... 4 | Sperry-Co ..... Spicer Mfg ... 1 Spiegel Inc ... td Brands ve

of .... 11 td Oil Ind.... 2 td Oil N J ... 52V tone & Web 17% unshine Min.. 117% Superhtr ...... 40% Superior Oil.... 3% aT TY, TVs Ye 4235 301%, 3Va 12% 52%

107% 29% 52 17% 11% 40% 3%

eee

Ya | Transamerica

Tri-Cont Ys 20th Cen-Fox.. 26

Un Air C

Un Lt&Pw . u Wright Harg ..

WENT GES.

OFF FRACTIONS:

MARKET LIGHT

Local Sales; Exports Lag; Corn Steady.

CHICAGO, Nov. 1 (U. P).—A reaction at Winnipeg turned wheat prices fractionally lower on the Chicago Board of Trade today, after a firm opening. Trading was light. At the end of the first hour wheat was oft % to % cent, and corn and oats unchanged to 4 cent. higher. Wheat at Winnipeg dropped as much as a cent in the first hour which attracted some selling in the local market. A flat export demand for North American wheat was a depressing factor. Liverpool wheat elosed unchanged to % cent higher, with the December future relatively strong.

with promise of showers in sections of the Southwest wheat belt failed to bring in much selling. Some commission houses were noted on the selling side, but pressure was not heavy. : * Corn prices held steady on fair commission house demand. Local receipts dropped off to an estimated 296 cars today.

WAGON WHEAT City grain elevators are baying 1 red, 57c; other grades on their gosh corn, new No, 2 yellow, 38c.

for No. merits. Oats,

LIVERPOOL

Prev. High Low Close December ...$ .63% $ .63% § .63 62% March ....... .63% 63 6372 633% .. .63% .63% .63%2 .63%

dge .... 3rewster Aero . rill Cp rien 3unker Hill&S.. Can Marconi .. Carrier Corp ... Celanese 1 pf Cent St E

bie 4d

. . . «op LJ

6 34% 50%

—-

m Jones & Lau Stl Lake Sh ens Locke Stl Chn. 143g Lockheed Air .. 243s Niag H Pwr ... 93% No Am L&P ... 2 No Am L&P pf. 55% Pan Am Air .. 14 Pennroad .r Pits Pl Glass...111 Premier Gold ..

NTN CONTE SR

+E +

on on

. .

Go a

savltt Dp

Technicolor Un Gas Corp . l 3a 7s

A forecast of unsettled weather|

WHEAT t (U. 8. Equivalents Based on Sterling at $4.74%)

» | Cutter and common

Hogs Advance To $8.10 Top;

cents on prices for day, according to Agricultural Economics. for 160-170-pounders was

$7.50 on all weights. choice selling at

light and medium weight steer sold at $11 to $11.85.

top price of $8.75. medium sorts went at $6.50 to $8.

Top Recpts | Oct. ..-$ 8.25 L008 8.15 8.15

ey 8.10

Oct. 25 26

28 .... 8.05 Barrows and Gilts— (140-160) (160-180) (180-200) (200-220) 1320-250) (250-290). (200-300) Good Packing Sows— (275-300) Good (340-425) GOOA <ccveooee (425-550) GOOd -.seseoee (275-550) Medium Slaughter Pigs— (100-140) Good and choice.. Medium

choice. . choice. . choice. .

—CATTLE— ~—Receipts, 2466—= Steers (750-900) CI (900-1100) Ch (1100-1300) (1350-1500) (750-900) (900-1100) (1100-1300)

(1100-1300) (750-1100)

jum - .. Common (plain).

Heifers

(750-900) Good (550-750) Choice (550-900) Common ... Cows GOOAd <.eovesssenivscecasenss

0 Medium Common .. Low cutter

and cutter «. Bulls Good. beef...... 4

(All weights) (All weights) Medium ....cc00 Vealers (All weights) Choice ......... 11.00 (All weights) Medium ........ 10.00 (All weights) Medium ........ 8. Cull and common ..... Calves —Receipts, 600—

(250-400) Choice Good .....ee000

Medium Common .....

Feder and Stocker Catt

(550-750) Good and choice.. (800-1050) Choice (500-800) Good (800-1030) GOOd .....ei0v-00 (500-1050) Medium . (550-750) Good and choice.. Common

Heifers— (550-750) Good and choice. Common, medium. Sheep and Lambs

—Receipts, 1315—

scene

cress enae

pono

ese

ssesirssanse

comb SSoura arn 0d 9ATD’ OVD

23 NowerD

] om

Lambs— ChoOiC® .icocosocovessssnsscne Go0d ....iavevs0000s0000000e Medium Common Ewes— Good and choice ..ccoceveee Common and medium ......

esseccsseessncssone

Hogs—Receipts, 25,000; directs, 8 mostly 5-10 cents lower on 190-270 Ib. erages; spots 15 cents off early: scarce and about steady: top, $7.85:

P and choice 200-270 lbs.

Vealers Lose

The local hog market gained 10 all weights tothe Bureau of Top price $8.10. Packing sows cleared from $7 to

-Vealer prices lost 50 cents with $11.50 top. All grade heifers held steady to the recent advance in that class. Choice

Fat lamb values gained 25 cents. Choice ewes and wethers brought a Common to

Top Recpts 2000

7428

SUO=3 oocow

cowhNoD Soonnod

£93 c $7,[email protected]; 50-190 1lbs., [email protected]; good 320-550 1b..

BANKS WILLING 70 LEND MONEY. SURVEY STATES

Guaranty Trust Report Explains Problem of Business Loans.

NEW YORK, Nov. 1 (U. P).— Current small volume of business loans chiefly is traceable to lack of demand rather than to an uncooperative attitude on the part of banks, ‘according to The Survey, a

Co. of New York. : «The large majority of banks in this country are not only willing but eager to make sound loans and that: their inability to do so on a layger scale is due to the fact that no active demand for such loans exists,” The Survey said. It contended that individuals who charge banks with neglect of duty through failure to make heavier 5| business loans overlook the fact that it takes a borrower as well as a lender to make a loan, and that a banker's first duty is- to protect the funds of his depositors. “Lending money is a bank’s chief source of income,” The Survey pointed out. «If hanks invest their funds in Government obligations yielding very low rates of interest, and if member banks have more 5/than $3,000,000,000 of excess funds 0/on deposit with the Federal Reserve o|Banks earning no interest whatever, it is not because they prefer to put their money to such unremunerative uses. It is because they have no alternative consistent with the protection of the interests of their depositors.” : The failure of banks to make further large loans to industry has been attributed to a “strike of capital,” The Survey said. “There are apparently some who attribute the meager flow of capital to excessive timidity on the part of individual lenders. The inference is O|that business is ready to expand but is prevented from doing so by the refusal of those in control of loanable funds to lend. «Banks would welcome new and sound means of expanding their services to the public. Many banks, in fact, are extending their facilities in many ways. Some are increasing their small loans to individuals. Some are setting up. installment loan departments and amortized mortgage departments. Others are lending for longer terms than heretofore. Still others are participating with Federal Reserve Banks in s their loans to industry.

“ORDERS INCREASE

3.00 2.00

CHICAGO LIVESTOCK

000; av-

“FOR NEW LUMBER

Industry’s Report Shows

CRUDE OIL, SUPPLY

11937 when the factors influencing

ON THE

publication of the Guaranty Trust|

"EXCEEDS DEMAND

NEW YORK, Nov. i (U. P).— Fundamental cause of the recent drop in crude oil prices was a moderate but persistent excess of supply over demand, according to a statement by the Standard Oil Co. (New Jersey).

~ The statement was based on a study of the movement of crude oil and products since the middle of

TONIGHT

7:00—Big Town, WFBM. 7:30—Al Jolson, WFBM. 7:30—Information Please, NBC. 8:30—Fibber McGee, WIRE. 9:00—Bob Hope, WIRE. + 8:30—Cordell Hull; NBC.

Life goes on as usual after the “Mercury Theater” broadcast panic of Sunday night, except—we’ll bet— among a small group of radio sponsors and performers, This is the group that gives you the Don Ameche-Edgar Bergan-Charlie McCarthy show, on the air at the same time as the “Mercury” broadcast. When terrified listeners headed for the hills in the wake of Orson Welles’ hair-raising dramatization, it showed that Charlie didn't have the country’s listeners in the palm of his hickory hand. Compared to that tangible blow to radio prestige, the arrival of a rocket ship from Mars is nothing.

2 » ”

Don’t plan to while away the early spring days with your new television set, E. F. McDonald Jr., Zenith Radio Corp. president, advises. Sale of television receivers would be premature and unfair to the public, he said.” His statement was a reply to one by David Sarnoff, Radio Manufacturers’ Association president, that television receivers would be put on the market before .the World’s Fair opens April 30. “The offering for sale . . is unfair . . . both for economical and technical reasons,” Mr. McDonald said. “Such premature introduction of television commercially would result in loading the public with undue experimental replacement cost which, in turn, will result in retarding instead of furthering development and in unprofitable operations for the companies engaged in such a program.” He pointed out that a change in transmitters would render receivers useless; that no system has been devised to prevent interference with television by automobiles; that tele-

products are heavy and have increasing for more than a despite the fact that crude themselves have been reduced,” survey stated. : “Early in 1937 the demand b declined alarmingly. Prices forced downward and stocks products began to pile up. C ly, ustry generally faced period of slack operation and 1 thoughtful observer could hav failed to recognize the fact.”

RADIO

mitted beyond a 30 to 50-mi radius; that 2000 transmitters be necessary to cover the 'U States. : Meanwhile, O. B. Hanson, chief engineer, says that the gram developments in television lagging behind engineering prog: “Human beings,” he states, not yet geared to the me alacrity required of them in vision, which, incidentally, the legitimate stage and mo seem rather sluggish.” :

Three figures from the po world will be among ton broadcasters. Secretary of Hull is to be heard on NBCstations for a half-hour at 8:30.p. He is to discuss world trade at 25th National Foreign Trade C vention in New York. speaking

Norman Thomas, : head of the Socialist Party, not. a candidate for office, has 15 m utes booked on CBS, at 9:45 p.. And Al Smith will make a pu nonpolitical microphone appear: as guest of Al Jolson—CBS-W 7:30 p. m. : ; - 8 8 9 Up and doing well after a illness, Dave Rubinoff will be on the radio tonight—the first: in five months. He is to drop in Benny Goodman during the s king’s CBS-WFBM broadcast at

p. m. Incidentally, Mr. Rubinoff of counted Benny, Tommy Dorsdy, A + tie Shaw and Richard Himber among his employees. i 4» =» Li Minnie, the Singing Mouse of Woodstdck, Ill, is no more. ihe departed this life a few days ago‘ the ripe age of 2 years. 2 So tonight NBC-Blue stations will carry a “memorial service” at m. (you can listen to Secretary Hull while you're waiting). Minnie mat her radio debut in December, !

vision programs cannot be trans-

nouncements caused by station c INDIAN apOLIS IN

B 27 (CBS Net.) Music for Fun Tea, Tunes

hanses DIANAPO

. UO, ews Pierce's Or.

Watkins’ Or. Air Liners Dick Tracy G. 0. P. Talk

Easy Aces Varieties Democrats News

Christ. Science owie Wing Jordan Cons,

lanza sass gels

Screenscoops Second Husband

a= UI pb ow

Imogene Pierson

and once earned $500 for a single sponsored broadcast. 5

THIS EVENING (The Indianapolis Times is not responsible for after press tim LIS WIRE 1400 (NBC-MBC) Program

CHICAGO WGN 720 (MBS Net.) - Decker & Salvo Johnson Family Pierce's Or. Pianist S. Watkin’s Or, Terry

Concert Or. Orphan Annie Capt. Midnight C Hern

apt. e Sports Review

Inside Sports

Hannsh '/ Terry

{58 Spine Don Winslow

Orphan Annie & Bar

Amos & Andy '% arieties x Don’t Believe. Inside Sports

LOCAL ISSUES

The following quotations do uot represent actual bids or offerings -but merely indicate the approximate market level pased on buying and selling quotations of recent transactions. Stocks

Belt RR & Stk Yds com Belt RR & Stk Yds pfd ..... Cent Ind Power 79% pf Home T&T Ft Wayne i% pid cl Hook Drugs Inc com Ind & Mich Elec 7% pid .... ind Gen Svc Co 6% pfd .....104 Ind Hydio-Electric 76% pfd.... 65% s | Indpls Gas COrp ............. 19 Indpls P&L 6% pid 95 Indpls P&L Co 6'2% pfd ....101 Indpls Water Co 5% pid 103 vincoln Nat Life Ins Co com.. %4'2 N Ind Pub Serv 7% .... .... 18% *N_ Ind Pub Serv Co 5%% pfd 72 «N Ind Pub Serv 6% pfd .... 80 *N Ind Pub Serv Co 7% pfd... 86 Progress Laundry Co com ... 1 1 Pub Serv Co of Ind 7% pfd. . 402 Pub Serv Co of Ind 6% pfd.. 23% So Ind G&E 4.8% pid 91 T Haute Elec pfd Union Title Com com ... . Van Camp Milk Co pfd ...... van Camp Milk Co com .....

Bonds

Largest Percentage Gain For 1938. ;

WASHINGTON, Nov. 1 (U. P.).— New lumber orders booked in the week ended Oct. 22 were about the same as in the preceding week but 25 per cent above the corresponding week of 1937, the largest percentage gain this year, according to a report by the National Lumber Manufacturers’ = Association. Every region but two’ reported bookings’ gains, a : ; Orders booked called for 219,762,000 feet compared with 222,059,000 feet in the preceding week. Production by 518 mills during the week amounted to 222,396,000 feet compared with 228,732,000 feet produced by 557 mills in the preceding week. Shipments were 232,861,000 feet compared with 219,062,000 feet in the preceding week. 8 The industry stood at 67 per cent| of the 1929 weekly average of production during the week ended Oct. 22, and 72 per cent of 1929 shipments. Production was about 66 per cent of the corresponding week of 1929 and shipments shipments about 75 per cent of that week. New orders were 76 per cent of the corresponding 1929 week.

SEC ORDERS HEARINGS

ended Oct. 29 crude oil output averaged 3,244,282 bbls. daily, off 2225. from previous week. . "CORPORATION NEWS American Rolling Mill Co. September quarter consolidated net loss $556,994 vs. net profit $2,646,525 year ago; nine months net loss $1,280,159 vs. net profit $9,289,296

; ~~ Fed Dep St ... 28 First N Strs... Flintkote ts F M cu cv pf 10

Big Town Johnnie | -

Men's Program ” ”

Green Hornet Johnnie n

Men's Program *

packing sows, [email protected]; lighter weights up to $7.75. Cattle—Receipts, 8000: calves, 1500: fed steer trade very slow; steady to 25 cents lower; medium” to—strictly good weighty steers ‘about steady: bulk crop unsold; yearings scaling 983 lbs. up to $11.85; general market now nearly back to last week's low time; several loads held around $13; few early sales, [email protected]; stockers and feeders strong to 25 cents higher: mostly 125-40 cents up for week to date: active at advance; fed heifers steady: best $10.50; cows slow, steady to weak: bulls steady to easy: vealers 50 cents lower at close, most- + |ly [email protected], with sorting close at $7@8. Sheep—Receipts, 6000; directs 800; fat lambs and yearlings active: bulk around 25 cents higher: sheep firm: feeding lambs stronger: top $8.85 on natives to small killers: bulk rangers and Dakota natives $8.50@8 75; clipper lambs $8.25; native slaughter ewes, $3.25@ 3.50.

OTHER LIVESTOCK

CINCINNATI, Nov. 1 (U. P.).—Hogs—Re3000. None direct: holdover 280. fairly active after late start. Butchers over 160 lbs.., 5-10 cents higher; 211 except 200-240 lb. at full advance! ight lights, pigs and sows steady; top. $8.10: 200-225 1b., $7.85: 100-140 lbs.. [email protected]; most good _nacking sows, $6@ $6.50. Cattle—Receipts, - 800: calves, 500. Generally steady on light supply: part load vearlings $8.75; near loads around 1150 ib, steers, $8.50: scattering heifers. $8.50: odd mixed yearlings to $9 or better; bulk plain to medium steers, yearlings and heifers [email protected]; good beef cows, [email protected]; top bulls, $6.50; vealers, firm: top. $12. heep—Receipts 500. None direct. Active. early sales good truckedin lambs. [email protected]; lot or so good to choice around 70 b. ewes and wethers, $3.75; common to medium, [email protected]; slaughter ewes mainly $2@3.

FT. WAYNE. Nov. 1 (U. P.).—Hogs. 5 t 15 cents higher: 160-180 lbs.. $7.85; 180-200 Ho 1bs.. $7.75; 200-220 lbs. $7.65: 220-240 lbs., Public Tel Co 4%2% 55 $7.55; 240-260 lbs.. $7.45; 260-280 lbs.. $7.40: Richmond Wat Wks 5% 57 .. $7.35; 300-325 lbs., $7.30; 325 Seymour Water Wks 5% 49 .. 1bs.. : 140-160 lbs.. $7.60; 120-140 T Haute Water Wks 5% . ...] S. © 100-120 lbs.. $7.10. $5.25; calves, $11.50;

Al Jolson Lightning Jim

areteraz Cm | Enz 35

ROW

We, The People

Crumit-Sanderson ‘ Gugiiaips- Or.

Fibber McGee » ”»

Don't Believe It Crumit-Sandersay Clifton Utley ER ¥ Tomorrow's “Trib, Fibber McGee Gabriel Heatter ’” s

True Detective Heidelberg Or. Northerners

Gair Robt .... Gamewell Co.. Gar Wood Ind.. Gen Am Tr... Gen Gen Gen Gen Gen Gen Gen G

[olelelelelslo/alale] 'wxonnl

3 wn Qo - ® @

Dr. Christian

World We Your

Bob, Hope

Jimmie Fidler Uncle Ezra

Amos & Andy News Lyman’s Or. ”» ”n.,

Variety Show

Jimmy Fidler © Uncle Ezra

Paul Sullivan 3~ Travers’ Or. ; Salute

Live in 25% Gov't. _ —W—

Vanadium ....

S| econ

—

Concert Or. Jurgen's Or. Sander’'s or.

News H. Heidt’s Or. Miller's , or.

Walgreen nf ww

dh bk Sse

z|E

S853 88535853 &3a3

year ago. : California Oregon Power Co. 12 months ended Sept. 30 net income $876,483 vs. $1,101,807 year ago. 9 Certain-teed Products Corp. September quarter consolidated mnet|& nrofit $195,729 equal to 14 cents 2a Greyhnd Cp... common share vs. $133,529 or 4 cents ear ago; nine months net profit

Basie’s Or. : Strikes, Spares S. Kaye's or.

Himber’s Or. Ww. King’s or.

WEDNESDAY PROGRAMS INDIANAPOLIS WIBC 1050 WIRE 1400 INDIANAPOLI (NBC-MBC)

Roundup Devotions

Musical Clock ” ”

News Dessa Byrd Baby Bulletin Democrats

Mrs. Wiese Other Wife Plain WwW

Barrie's Or. Moon River = ” ” ” ” >

Olsen’s Or. ” ”

sh nd, fh ed fu eh

Review Olsen’s Or.

White Sew M Willys Overld p Worthington ... 25

INDIANAPOLIS WFBM 1230 (CBS Net) Early Birds

Harb-Walk .... 32 Hecker Prod . 103 Hud Bay M&S. 333% Hudson Mot... . Hupp Motor .. 2! a

¥ $112,761 equal to $1.54 a share on preference vs. $303,602 or $4.15 year

8 Fajardo Sugar Co. of Porto Rico and associated organizations fiscal year ended July 31 profit $1,234,630 vs. $1,756,657 preceding year. International Railways of Central American September net loss $16,058 vs. net income $12,115 year ago; |i nine months net income $782,808 vs. $973,711 year ago. I Koppers Co. 12 months ended Sept, 30 consolidated net profit $2,010,316 equal to $10.05 a share on 6 per cent preferred vs. $3,083,552 or $15.41 year ago. Reliance Manufacturing Co. of filinois September quarter net profit $104,612 equal to 36 cents a common share vs. net loss $112,383 year ago; nine months net profit $43,836 equal to $3.41 a share on 7 per.cént preferred vs. $71,811 or 1 cent & common share year ago. "Savage Arms Corp. September Macy R quarter consolidated net profitim : $109,746 equal to 65 cents a common Marine Mid =... 5} . share vs. $227,440 or $1.35 year ago; Martin Gl at nine months net profit $32,561 equal i 11% to 19 cents a common share Vs. Mont Ward. 11 $422,524 or $2.51 year ago. otor Prod .... Skelly Oil Co. September quarter Muslier BH u.. ike consolidated net profit $695,180 Cl equal to 60 cents a common sshare 14 vs. $1,911,022 or $1.80 year ago; nine months net profit $1,973,422 equal to $1.69 a common share vs. $5,346,940 or $5.02 year ago. * United Gas Improvement Co. and B es (excluding Philadelphia Gas Works Co.) 12 months ended i Sept. 30 net income $26,440,882 equal N Y Ship fo 97 cents a common share Vs. $20,814,005 or $1.12 year ago; nine months net income $19,689,113 equal to 73 cents a common share Vs. 53,608 or 84 cents year ago; mb quarter net income 6.343754 equal to 23 cents a com-|B30ENTe 11 mon share vs. $6,872,110 or 25 cents

year ago.

32 103s 333s ) 9 . h a 2% . .

Checkerboard : Valley - Folk

Merrymakers ° Peter Grant Gos Singer Radio Rubes News; Employ. Bur.Go- To Town ” ” M: t &

H. Heidt’s Or. Hilitop House : Devotions Linda's Love

News; Bartlett Once Upon

Meet Author Supe Plays Sonrag Hall's Or.

eous y z The oldberge A Julia Blake ¥ Vic & Sade » News So, uk Road of Life ¥ Editor’s Daughl Editors, Spoemet

Ramblers Cowboy Songs

News; breakfast ” "

Young Stl Dr... 25% » ”» ”» ”»

a ” Ill Central .... 8 233% 227% » Inland Stl .. 86% Snspiratn Cop. 17Y Inter T 8Y, Interchem nt Harvester .. Hyd El A...

1412 Zenith Rad ....

N. Y. Bonds

U. S. GOVERNMENT BONDS Treasury Bonds

High JU. ee eve: 109.21 sa eseveen 107.15 Fe anv. 10

”

Richard Maxwell Montana Slim Roundup Apron Strings 9:00 Kitty Kelly M

yrt & Marge Farrell’s | Kitchen

Amer Loan 5s 46 Citizens Ind Tel 4'2s 61

Int Crabbe Revnolds-Taylor 5s 42.. Ft

Bill oman in White

David Harum Lorenzo Jones Widder Brown Democrats

Singin’ Sam Linda's love Farm Hour

nt 1943-40 : steady to Sa 941 Indpls Wat Co 5'%2% : = , Kokomo Water Wks 5% 58 .. Kuhner Packing Co 4%2% 5) .. 3 Morris 5&10 Strs 5% 60 Muncie Water Wks 5% 65 .... Noblesville Ht L&P 6%2% Ohio Tel Sys 6% 47

Fe 102 —K 91,

Hillbillies Party LineBig Sister Aunt Jenny

~ Mary McBride

Monitor News Rhythm Makers Education. Skit

Johns-Man ...

oo: vee Ilan

eh pth sod ck

Kelsey-Hayes B. Kennecott ete Keystone Stl ... Kresge SS ’ Kroger G&B

News; Rhythms ” ”» ” ” Boy Greets Girl News Roundup m Heur Sleepy Mollow Blue Ridge Girls

Sleepy Hollow Summer’s or.

Federal Farm Mortgage Bonds le Market Report

msn

Bohemians New

5353

ews » : Farm Hour : Mogney’s, Or. is Voice of Farm: Happy Gilmsng:

Betty & Bob Grimm's Daug! Valiant Lady Betty Crocker. . .

Mary Marlin -.¢ He en ag * calf Guiding Light? Kitty Keene , Midstream Besxlnl Life Hatterfields : Hannab i

Un nnougiifa Tuck’ Armstr Minate iter views Paul Suilivan KEY NETWORK STATIONS (Subject to change): NBC-BLUE—W JZ, 160; WOWO, 1160; WENR-WLS, 870; KWK, 1350. NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—WABC, 860; WJR, 750; WHAS, 820: KMOX, 190; WBBM, 770. MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW. 1030: WSM, §

106.4 106.3 106.17 106.17 Home Owners Loan Bonds 1949-39 ....... ..102.22 102.20 ceees.-104.10 104.10 106.18 106.17 DOMESTIC BONDS

Alleg Corp 58 50 st.... 37 Am 3%s 66 ng B&O 5s F 1996 Can Na Ry Beg 69

Celotex 4'.s 47 . Certn-td 5'2s 48

Cons Edis 3 Int

RO | poh vt pk fuk

”

Headlines WIRE Reporter Voice of Exper.

Betty & Bob Grimm's Daughter Valiant Lady Betty Crocker

Police Court Spitalny Or. Varieties

Lambert Leh V Coal .... a L-O-F Glass ... f Loew’s 58 Loft, Inc a Lone Star Cem. 587s Lou & Nash.. . 50%

T Haute Water Wks 6% ¢ Sal Roughs. $6.75; stags, Trac Term Corp 5% . G0 lambs, £8.25. “Market St. Investment Corp.. 25.07 26.94 Ul : *Dividend. LAFAYETTE, Nov. 1 (U. P.).—Hog mar WASHINGTON, Nov. 1 (U. P.).— (By M. P. Crist & Co.) ket 10 cents higher; 160-190. lbs, $7.90@

——————————————— 8.10: 190-250 1bs,. $7.50%@7.80; 250-325 lbs. The Securities and Exchange Com-= CHICAGO PRODUCE [email protected]; pigs, 8115 down: rou Bs $7.25 mission has ordered hearings Nov. oown; calves. $10.50@11; lambs, 50. 116 on the application of Union ElecButter—Market, steady: reecipts, 564,042 gross lbs.; extra firsts (90-912 score), 25

tric Co. of Missouri for exemption @125Yc: extras (92 score), 25%c; firsts, STEEL SCHEDULE HIGH

from certain provisions of the ie a NS wi Securities Act in a refinancing score). 23Vh0; centralized (89 score), 2dc. NEW YORK, Nov. 1 (U. P.).—Na- | transaction. Eggs — Market, steady; reecipts, 2735|tional Steel operations are sched-| The company plans to issue $13,uled for this week at 56.8 per cent of capacity, the highest level since

. i D810 le oe] a, fe Re 000000 of short-term notes and less than cars, 27%¢c; checks, 20c; current 130,000 shares of no-par preferred receipts, 24c; dirties, 22c; refrigerator|the week starting Oct. 11 last year |stock as part of a move to redeem when a 63.6 per cent rate was 90,000 shares of $100 7 per cent preposted, the American Iron & Steel Institute reported today.

extras, 2315c; refrigerator standards, 23%ac; refrigerator firsts, 22%ec. ferred stock and 40,000 shares of $100 6 per cent preferred stock. a ———— Fr ————————— DAILY PRICE INDEX NEW YORK, Nov. 1 (U. P.).:—

Poultry — Market, steady; receipts, 44 EDISON REPORTS INCOME Dun & Bradstreet’s daily weighted

trucks; ducks, 24@l16'c; geese, 14'2c; hens, 14%4r17'2c; Leghorn hens, 11Yzc; spring chickens, 13@16z; roosters, 11% @ / broilers, 18@19c; turkeys, l4@18c. : i 123, @13c; daisies, 12@ 131'4c: longhorns, 13@13%e. L Potatoes—Supplies, liberal; demand, good on Russet Burbanks; light on Northern Dionks, TE 38e1 335" Colorado Red. MeCIuEes. | pri oe I a oe ew ES A ow mora Wan dvs, Drice index of 30 basic commodities, | consolidated Edison Co. of New compiled for United Press (1930-32 |vork, Inc., and associated comequals 100): panies, has reported consolidated Yesterday ....eeeeeeeseeceses 104.63 net income of $3,506,027 for the third yer 880 ...eceesescosnseens 10487) quarter of this year compared with onth 8g0 «..eeeeeceseses.. 10440143 991 058 in the three months ended Year ago ..........ec0e0.. Holiday gon 30 1937, De high 128m, frees im For the 12 months ended Sept. 30 ow (June 2) ........... 43 | this year consolidated net income : amounted to $36,540,210 against $35, FOOD PRICES CHICAGO, Nov. ! (U, P.). — A

Cobblers, $1; ‘Green Mountains, [email protected]; Kapahdins, $1.05: Michig 1 Russet rurals, 535,067 in the preceding 12 months. poles _- so TH Michigan Mackintosh, bu., [email protected]. Sweet Potatoes—Tennessee hamners,

Ch pk S| pt fr pd fd

5353

s Stepmother Manhattan

~ Irene Beasley Dance Time School of Ale

104.10 106.18

RE le 00 et OD ih OD

oo ae > Na

371

Ya 2 1043,

od dd bed

37% 104%,

115% Ya

Hawaiians

News; Pianist Swingsters Concert Hour

N. E. C. Program Dance Time CBS Symphony

Mack Tr

——— «aw

S..115% “ee 92%, . 83%

—

PS DSRS 7SH3S

a fue

Chicagoans

Backstage Wife Dancing, Time D :

Stella allas Beautiful Life Girl Alone

I | U; Program N

News: Organist Vargaret James

pe a am

> N

r. Johnny Perry News: Jamboree Silent

!cszesaza

LeBrun Sisters March of Games

Want to Be Tea, Tunes

53 5853

es ob

20 3012

+E LEE HE

Sy. on 09 wo

Argent 4128 71... l » | Argent 4s 72 Feb....... Australia _4'>s 56.. 1 Canada 5s 52 oie 515s D5

Nash-Kelv Nat Acme Nat Cash Nat Nat

Nat Nat Nat

10% 14 26 28 1534 27s 257%

Denmark German 5'>s 6 Japan 62s 54 a |Japan 5'>s 65 .. sis 6° 3 Mex 5s 10-45 aS ...o00e % 1; Panama 5s 63 st....... 55 Tokio 5'2s 61 55%

Chicago Stocks

Last

Distillers .. 28 Gypsum .. 15% ad Ae 27a Mal&StIC.. 25% Steel] ...... IN Nat Sup Penn... 162 Newport Ind ... 167% N Y Air Brk... 44 N Y Central .. 19% X In 2

[+11 1+]

90c: North Dakota Bliss Triumphs, $1.20@ 1.30: Cobblers, $1; Early Ohios, $1.12%; Minnesota Bliss Triumphs, $1.25; Early

Ohios, $1.12. . wala, 125; on track, 376; shipments,

LOCAL PRODUCE

Heavy breed broilers, 2 lbs. and over, 12c; Leghorn hens, 12c; heavy breed hens, 14c; Barred and White Rock Springehs, 12 Ibs. and over, 12c; colored springers, 12 Ibs. and up, llc; Leghorn broilers, 1'2 lbs. and over, 10c; bareback broilers, 9c; old ronsters, 8c.

HEE

2 Low Armour & Co ...... Asbestos Mfg ... Aviat & Tran ... Bendix Aviat ....e0000 Butler Bros ... ..ceee.. 4| Comwlth Edison . . 27% Elgin Nat Wat ... /4 Four Whi Drv ......e0. 4 Gt Lakes Dredge ...... 265 Katz Drug eevecens 333 Kellogg Sw Bd . 8Y Lincoln Print ... Marshall Field Mid West Corp Nat Rep Inv pf . No'west Bancp Pines Wfront . Press Stl Car Serrick Corp B ..c.uee Walgreen CO ......c0s. Zenith Radio ..

6 113 2% 9's 271% 247, 4 26%a 3% Va

vestments

LUIGI EEL RC Ll

« 2% . 23% 94s

1 12

129 EASY MARKET STREET

DIVIDENDS

Ex-Cell-O Corp. 20 cents on common payable Dec. 22 record Dec. 9 vs. 10: cents Oct. 1. Lone Star Gas Corp. 20 cents on common payable Dec. 22 record Nov. 992 vs. like payment Aug. 20. 1900 Corp. regular quarterly 12%: ‘cents on Class “B” payable Nov. 15 record Nov. 10. Tide Water Associated Oil Co. rterly 25 cents on comle Dec. 1 record Nov. 10.

EMPLOYMENT UP

<¥ORK, Nov. 1 (U. P).— t in the steel industry § to rise in September, but J was below September, 1937, } nerican Iron & Steel Instia rted today. September ‘pay! were about equal to August, despite the shorter month. J on steel industry pay‘September totaled 431,000 with 427,000 in August in September, 1937. payrolls amounted to mpared with $52,718,ugust and $86,161,000 in "1037

—

New Business Books Available at Library

The following new business books now are available at the business branch of the Indianapolis Public Library: WRITING FOR RADIO, by Frank Nagler. adio writing is

field whose ‘‘pay been scratched.

a @®

ou, No. 1 strictly fresh country-run eggs, a Tipe Hing by BE das 23c; each full case must weigh 55 Ibs..|Z California lugs Caulifiswer— gross; a net deduction of 15¢ for each full|parichigan, crates, f case under 55 Ibs. will be made; pullet pj ) 3

eggs, 15c. utter—No. 1, 28'%@29c; No. 2, 26@ 26'2c; butterfat—No. 1. 21c; No. 2, 19¢c. (Prices quoted by Wadley Co.)

FOREIGN EXCHANGE NEW YORK, Nov. 1 (U. P.).—Following are noon cable rates on major currencies:

Cable Rates Net Cl England (pound) $4.75% —.00 Eng. (60-d. b. rate)... 4.74% Canada (dollar) ...... .993 France (franc) .. ' 02668 05264

Italy (lira) Belgium (belga) . 4007 .2200

—- S083 I-10 aM 2 ~ ® ® J] PY

1 x

pers. Highball, Market

._. On (50-1b. sack inois Yellows, 35@860c. Idaho Whites, 67%c@$1.07%,; Idaho Sweet Spanish, 82%2c; Wisconsin Yellows, 75c.

Foo |

SAFETY VAULT*

% In the basement, reached from the main banking floor. Most modern in the city. Facilities for over 4,000 patrons.

CIP ) XEEEERXY LJ

1 23

U. S. STATEMENT

WASHINGTON. Nov. 1 (U. P.).—Government expenses and receipts for the current fiscal year through Oct. 29, compared with

a year ago: : This Year Last Year LEGAL PHASES OF ADVERTIS- 2 17 5 REGAL aula Finkelhor. Expenses ; i 1 Be $2,534.112,:10.91 Relations with mediums, relations : 34'822/339.0 with ~onsumers, what can and can’t '119.299.389. be said in advertisements, how far : '597.718.29 2.6 advertising stunts can go, fair trade : '962,821.494. '888.470.142. ractices and other legal problems 3.43 641.09 368.950.4080 003.10 he advertiser encounters. .363.747.49 12801.580.727.51

MANAGING YOURSELF, by Mil- 109,799 577.59 150,780,361.31 ton Wright. How to have a richer. more restful and more satisfying life.

STANDARD BUSINESS ETIQUETTE, by J. George Frederick. “As modern invention, civilization and industry knit us all more closely together, relationships become even more the great thing.”

THIRTY YEARS OF PERSONNEL AND PLACEMENT WORK AT THE CARNEGIE INSTITUTE OF TECH. NOLNGY, by John D. Beatty. An instttution which has a complete information flle concerning its

'y %

the one writing dirt’’ has barely.

FN NN NN NNR

4.000072

Germany (mark) . +-.0020

Germany (trav. mark) Switzerland (franc) .. Holland (guilder) Sweden (krona) ...... Norway (krone) ..... Denmark (krone) .....

Customs .

seen

.2388

INDIANAPOLIS CLEARING HOUSE 3199

Clearings ... . ..+..$3.007.000 Adaptable sizes for Debits . ...... 7,307,000 all needs at treasone able rental.

TET Filovay

Trust Compan Rentals $3 to $100 Bl uialliae 123 East oh BY ons OF WORK FOR WOMEN, Security Trust Co. Ma eg Be 2 E |

Deposit by M. S. Leuck, third edition. : J 1 V 0

A SAFE DEPOSIT BOX ‘ORANGE 9 Different Sizes

GUEST STAR

~~ MARTHA RAY % SKINNAY ENNIS

and His Sizsling Band

% 6 HITS & A MISS Mired Swing Choris.

with the compliments of

ELINE