Indianapolis Times, Indianapolis, Marion County, 15 November 1938 — Page 18

TUESDAY, NOV. 15 STEELS RALLY; STOCKS STEADY AFTER LOSSES

Railroad Ties Decline Fractions; Bonds Down; Oils Lower.

NEW YORK, Nov. 15 (UB P).— Stocks steadied ana moved up from : the<lows today after dropping fractions to more than 2 points. U. 8. Steel, which sold at 673%,

. State Gasoline Sales

ee (1925-1986)

UPWARD TREND

| By United Press

: Net High Low Last Change

Curb stocks maintained opening Byers, A M.....

gains ranging to more than 2 points in forenoon dealings. Trading was light. Losses in the industrial section ranged to 4 points in Aluminum, Limited. Aluminum Co. of America lost 3 points and losses of more than a point were marked up in Babcock & Wilcox, Jones & Laughlin Steel and Nile-Bement-Pond.

1930 [1931 1932 1933 1934 1335 1936

Indiana University Bureau of Business Research.

'N. Y. STOCKS

dams Exp .... 12% 12% 12% — %a|Yesterday ..........c.cceen cesesasnane +v. Holiday

Y, Week ARO ....ccocssee0es00.. Holiday 15 |Month Ago ......ccoecececce. 30.68 40.30 Year Ago ...... lee wun PAR OR 32.98 —0.2

7, 31.54; low, 19.65.

off 17%, rallied to 68s. Bethlehem 4ir Reduc 3 fia 08%, 88h + Week 4% 5. * 2 } 0 esesesecccesss rose nearly a point from its low of pllegn Corp £19 3° 1 ve ='11, Yor oy ad x : 1 Al Cp pf $ 15% 15% 15% — 3a : 98.95. 73%, off 1%. Chrysler firmed after Al ¢P pl $ teel 224 2.80 = 7 High, 1038, ian: iow 38.05 touching 83%, off 2. Westinghouse Qlied Stores —- 13; fiz lz — fa] TE OO re RAILROADS - > -l Pelle / —— {4 : 20 5 i Am Bank Note. 19% 193: 19% — 3 - Electric met support at its low of Am Be Boe’. a ass 3 rt esterday icons h 1 m Can ...... cess 117%, off 4%. e ity [Am Bosch Corp 8% a! oF Republic Steel, featuring in activity, Am Com Alc ... 14's 14% 1412 — 4, Am Hide se 5% a Va an : touched 23%. off %, and recovered 4m & F Er... 4 4, v; High, 1938, 33.18 to 24, Railroad issues were dull with Am ce -....... 3 1% 1% + | al jer eee: serene v4 4 Va — v8 ly ’ » ’ prices fractionally lower. Am Ma & Fdy. 157 157% 157s — Ya U. S. Gypsum touched 106, off 4./am Ew: G Wet 8H: 2: 7 Yesteriay) 3 NIT Phillips Petroleum and Texas COP. AR Rad & 8's’ 17° 11° 107° = II Week Ago .....ocormrieirs were weak, the former selling down | 4m oa =h 218 2% = T:IMonth Axe revenresieriensss to 391%, off 2. m Smelt ..... 55% 5512 5534 — Ya|Year Age .......c.oceen.nons Strength in local tractions fea-| Am Bu) Plies. 3000 3 Mt — 1% mn, 10k, 25.19; low, 15.14. tured an otherwise lower bond sec- Am dyie F_... 8% 8% 8% — 3 High, 19; tion. Broad demand developed for |, Zin.™ To: 8% 8% as - i i obligations of New York City Tran- Armnog? se ni soos ae 5 | sit Lines after a dull Stary, Early Arnold Const = 123 124s 124% — 3 Socony pyle ee SSO Ur S .. t ! — ut. . moderate losses were Sopver Bo alos enon aig T AESUR BY substantial gains, nterborough, Se\ HEY 1 oc 1 HE 4D = RIB Al of 1966 and Brooklyn-Manha Tr TATA Tn ie Brands 415s of 1966 led the upturn with net : we Bee , j ; Std G&E pf ... 10 gains of more than a point each. [Bid foset 1 1g Ba — KIS Gah, Other utilities were down frac-|garnsdan . .... 18% 18% 18% — a|gerl Prod .... tions to more than a point. Indus- $9 0: 2: — 5|Sione& He. Ber . 22% 2 Va Va v8 trials generally were steady. Beth Stee Ari 15 33% 23% — 1% Sunshine Min . oeln, IT eens ) ? ~ — 1 0 .e Foreign funds were easy. U. S.|ggveg Air --.- 19° 13° 18° = i3|Syming Geese Government liens lost as’ much as Borg-Warner a 32% 3234 —_ u eel soe: f & 2 seve 6-32 point. Bush Term .... 2 213 22 .... [Tenn Corp .... 4)2 14%a2 «ees [Texas Corp :-.. Tex Gulf Prod.

& one pf 88

123 4 4 —-—1 Ls a 3 Co 57% 51% 57% .... Twin. Coath . 15% (15% 15%, — | 8 8 %

ce 11% 32 ii ~~ “%|Union Carb

17 1 oy Aviation shares had fractional DI 50% 50% 50% >= iH Un [Pacifi losses extending to 9% point in|Cons Edison .. 4 S27 30% — %|Un Al Lines Lockheed. Mining and oil shares 21 21 2 = Pnited Ser had minor losses. aT dle ay din TX 2 United Fruit Cont-Dia F 103, 10% | 103, — 3 |Un Gas Imp. 8 sn 8 Cont Oil Del.. 30% 30% 30% — %|U 8 Freight. . a nt el .. 27 27 i U8 Gypsum. ’ o Coty ©. ........ 5 5 5 ©." |U 8 Hoffman T : da Ss Business Crane Co ...... 39% 39% 39% — 73(U S Ind Alc 0 Crown Cork ... 40% 40% 40%, — 7,|U 8 Pipe & Crown Zeller .. 14% 14% 14's — 3,|U S_ Realty rucible St .... 4 42 42 — 3 /USRublpf Glance Crucible of .. 99 90 —1 |U 8S Steel..... 3 i a ; Curtis Pub .... 1 7 “ee Curtiss-Wr 65% 615 82 — 14 ? Curtiss-Wr A.. 26!> 26% 263% — ¥, { Vanadium

GENERAL BUSINESS

\ : . —T— Se Tus Dy Lv Dy = HILT, ended Nov. 12 crude oil output aver=- | Diam pli... 5 13% 13 — Jlg|War on aged 3,243,796 barrels daily, off 395,- | Bini S°K,. *-' 3217 BZ #212 Tait | Warren Be .* Du Pont ...... 147 147 147 — 134 | Warren F&P 355 from previous week. Warren ar —E— West Pa El

CORPORATION NEWS

East R Mill ... 23? 73% 71%

: he : Yo : Columbia Gas & Electric Corp. 12 Paton ign : 2s 2% 24% — 5 |West Onion: months ended Sept. 30 consolidated | Elec Auto L .. 33; 331 931, — 13 |Westing El

net income $10,822,566, equal to 36 |p Li IT T2 12 cents a common share, vs. $13,669,- [El P & L $6 pf 37 3: aq

P $ 41 4 4 i 650 or 57 cents year ago; nine IES dat pf 3 41 il ~ 5% months’ net income $6,633,235, equal Ey Gas 19% 19%; 1915 — 1 |Vale & T....... “to 15 cents a common share, a - —Fe 384,159 or 35 cents year ago; €p- Fed WS A .... 1% 1% 1% — iY N. Y. B d eT Hay NY Boas equal to cents a s - intkote ...... ig. Ta bined 6 per cent and 5 per cent pre- Food M cucvpf 109 100 100 er BOND PRICE INDEXES ferred, vs; $1,210,353 or-$1. 23 oncom=| - a id . - 0 Gen Baking .. 973 97% 97h is Ton year neo: : ine | Sen Cable ..... 17% 17% 17% — T7a|Yesterday ..... ‘Columbian Carbon Co. nine|Gen G&E A .. 1 1 1 = I Voeek iro lidated | Gen Motors ... 5073 503: 503% — 3,4 £0 ..... months ended Sept. 30 consolida Gen Morons O02 S0% su YtiMonty Azo net profit $1,944,459, equal to $3.62 a Gen Qui Adv . A 42 42 ~ 42 — lz2|Year Ago .... hare vs. or : a; , 74! Two Years Ago 94.3 s 3,686,067 $6.85 year ach 11% 1% mY Are 94 ago; September quarter net profit Gen 38% 38% — is|1938 High ..... $567,387 equal to $1.05 a share Vs.|GSh Tg Be Bu Z 2 1938 Low vei i EP 3 gh ..... $1,165,381 or $2.17 year ago. Gillerce Bok (8 ER 7 Hi 1p 14% — 1411937 Low ...... Great Northern Ry. Co. week! Giidden i I Cl ended Nov. 12 carloadings 12,582 vs.| Goodrich pf ... 62%. 62% BI Le a 13,863 previous week and 13,607 Granby ..... 0. 3 Be Nr year ago. : gt Nonh pf : 263% 260 -— Superheater Co. and Canadian Slee HE" A ms ams Tn affiliate nine months ended Sept. Ofevhoind Cp. 20% 20% 20% — 3%: 30 net profit $404288 equal to 45 fe cents a share vs. $2,239,987 or $2.47 m1 Print cee 12 UU UR — 3lss 1941 . ...... «er 107.11 year ago; September quarter net Hecker Deed Il 10% 30% ns . profit $65,606 equal to 7 cents a |flomestake i 1 8. 8 Hig share vs. $264,231 or 29 cents year Hudson Motor . 9 9 9 . ago. Hupp Motor ... 23 2's 2% — Ya

Transcontinental & Western Air,

Ill Central .... 157% % 7 Inc, October revenue passenger pi Cenfral -... 12, 13.8 10.8

miles flown 7,582,751 vs. 7.124413 Interchem ... 3234 3% 32% — i eriake Ir ... y " o — 1 44 ........ previous month and 17,397,941 year Int Agric ...... 3 5 3 3 Ty Jus Jot 8. a ago; October mail pound miles Int Hyd EI A, ok i, Si — % 238,450,226 vs. 222,596,846 previous iii pep®. [lll 13% 13% 13% = 1302%s 1949-39 ......... month and 228,381,857 year ago; air Ine T&T, A goa Pox: enn (28 IOS0M express miles flown 62,115,860 Vs. ov R's ..... 16% 16% 16% — 3% 58,969,063 previous month and 51,-| | . as bs 5 sot TI8,162 year 289. Ry A 13 3 Bo 5 Beth Q {is 66. elsey- ayes — 33! Be 48 DIVIDENDS ennecot Fre 45 44%, 44% — 113|Chi N W 4%s 49 cv HE Ss . 213% 21% 213 ... Chi Ind cn 4 Atlas Corp. regular quarterly 75 Kroger G G & B. 19% 19% 19% = '% Cons Edis as 58 : CO ee PRT I oso at. Brian record Nov -O-F Glass ... eee ih 3 ; i ..101Y; 1 1% .... |NY Cen 4%s 2013n Central Onis Steel Proqtess Go lize My B-.. ” gE) 5 Zi [NYG is e Teco] BW’ S.-i ven ee Ve lg = enn Ya ® gone a Sept. 1. Toft, Inc .nsnens 5% 7% 7% Rep Stl 548 54 P /2 City Ice & Fuel Co. 30 cents on % 2m fhe ee or op | S880 Ar Lm, 6s 4... poy tesa / ’ 12 -— common payable Dec. 15 record Dec. gacs B= ------ 391, 39% 3914 — FOREIGN BONDS 1 vs. like payment Sept. 30. ane "St Ry prof 7% 1% 1% — Y : St. Louis Rocky Mountain &, Pa- arsalird 55, 33 1) TZ aflargent as 10... cific Co. 25 cents on common pay- | Martin Se “3% 5% 3% — Argent 4s 12 Feb, iol able Dec. 10 record Nov. 25 vs. like ickeetport cc Be Blu Ba, TT.%| AuStralia 475s 58 ooo payment March 31. McKes'n- & Robb 83% 8% % — 3 Brazil 672s 26-57 cerns JOY Spencer Kellog & Sons, 30 cents ident Pet co Re Re By ooo heads dew big on common payable Dec. 9 record Midland Stl ; 29% 20% 29% 3 Cuba Sus J ge Nov. 23 vs. like payments Sept. 9. Mo-K die 95 95% 9% = 7, Denmark 3s 62 Tilo Roofing Co. extra 25 cents| mont Ward ... 0 50. 2, = {eimisn 3 512s 65 and regular Susiierly 29 Semis enti: Motor Prod... 30% 20% Ms -4 Japan 8k a . 1 Japan S 09 ceievesns common, payable De Hire of. 3% .. | Poland ea

Nov. 25. Wolverine Tube Co. $3.50 on 7 per

cent preferred, clearing up arrears ash Relv voa M6 1072 10 - at Acme ...... A 7 and regular quarterly $1.75 on pre Aion. 335 133; or ferred, payable Dec. 1 record Nov. Nat Biscuit Ll 28% 26% 26% ——————————— oe.

‘I Ni 14 1 1 Nat Dep St .. 10% 10% 10% CHICAGO PRODUCE (Rape: low iow jo Nat Gypsum .. 15% 15% 15% — 3a Nat -Pwr&Lt .. 83 834 8% — Ys Nat Steel ..... 9% 93% 19% — 3,

Market, unsettled; receipts, 37,Wp 1bs.; extra firsts 190-91%2 score),

2 score), 2533@26¢c; firsts, Sian: seconds, 23i5c; specials _ (93 Ne updenn.. 13 1% 32 Ya! score), 263 @26%4¢; standards, , 2Yaanslec) Newaort Ind ris 1% 1% 174 Tl Bare, abe oe el New Ing a gee ge 2 , . entra —_ 1 Eggs—Market, firm: receipts, 2466 ceces; I NYC & St L of 317 3% 3 2% —- 5; fre Fated firsts, cars, 27%ec; less than NH & 5 5 a cars, 27% extra firsts, cars, 3c; less NY Ont & 3 15%, 158, 15% oly than cars “Sova: checks, fresh, 21c; St0r-|N y Shin pf .. 23 193 23 8

«age, 20c; curren receipts, 26¢; dirties,

24c; refriegrated standards, 23%c; refrig-

erated firsts, 23c. Sad LT ei * Poultry—Market, broilers easy,’ alance tis Elev ...... 40% 407 7 = steady; Yeceinis 44 trucks; ducks, 14@17c; Otis re. 40%. 40% 40% Ya geese, 1l4c; hens, 14@lc; Leghorn - hens, —P—

Siac: spring chickens, 13} , @1805¢; r00st-|pac G & El... 20% 4 11% @12 4c; broilers, 17@18c; turkeys,| Pac West Oil .. 12% 14@20c

2 1 Packard } Cheese—Twins, 12% @ g12%c; daisies, 12% Paraffine Co .. 6li4 8 aC. oe. y 1

@12%c; longhorns, 12, @12

Potatoes—Arrivals, 102; on track, 330; wed % shipments, 433; supplies, moderate; de- park 1 ish Por. a2 28

mand, moderate on Idaho Russets, slow

on others; market, firm; Idaho Russet|pating Mines.. 1172 11%

Burbanks, [email protected]; Colorado Red Mc-

D Cem 5 Clures (burlap , sacks), $1.75; “Wisconsin Penn Gl sd cts 15% 15%

Round Whites, '93c: North Dakota Bliss | p

n R Triumphs, $1. a5: Cobblers, $1.15; arly Penn Marquette 16% 16% sers.

Ohios, [email protected]

LOCAL PRODUCE

Heavy breed broilers, 42 lbs. and over, Purs il

i hens under 4% ibs., 12c;

heavy breed hens, 14c: Barred and Purity Ba

White Rock Springers, 1% tbs. and over, 13c: colored springers, 1% lbs. and up, 12¢; Leghorn broilers, 1'2 lbs. and over, 1ic:

‘8 spring chickens, 2 Ibs. and over, 13c; old Bide x. or Ye

roosters, 9c.

Rem-Rand sins Foie ducks, 5 1bs. and over, 12; white Reo Rand

ks under 5 lbs. 10c; coor red ducks, 5 . and - rs 11c: colored ducks under 5|Re

9c; geees, 9-12 lbs, 10c; young tom Richfield oi

k Ibs. and over, 18c; voung hen Ro¥s, Mt s. and over, 19c; rrooked

h 55 ; 8 net Bichon of ise io Top cach | SoD 54 1bs - will be made; pullet|

1, 28%@39e; No.

Elec Boat .... 113; 1% » 11% 1

No Am Avn .. 18% 16% 16% + 7% fresh, 2lc; storage, 20c; refrigerated extras, No St Pwr pf.. 9'a ols 9a 4 a

1b sa urkeys, 13c; old tom turkeys, 13¢; c.

& Co... 1 Wright Aero ...

4 | 275s 1960-55 3 2345 1963-58 1 1

5 10a 10% — 4

Ys 291, — 1 2s 121 + ip ete 5V 314 © — 1s 610 + 7, aramt Pict 11% 1% 11% — Para Pic 2 pf.. 12 2 1 vide Uta 58 vie . 0 2 ane Pathe Film ... 13% 3 BY... 1113 — 3 Penn 5 1 rea D4 = 1 fou Ton T Va Pet Corp Am.. 9% 8a Ya — i Phillips Pet .. 407 407 407% — 3; Pitst Sc & B.. 8% 8% 8% — Pook sy Ca Cie Bi BR ZU rn r. 8 a ss -— 8 Public 34%, jis Hu “e Th Leghorn henis. pov 6's pe’ 00 81% 813% 81% T 1A pEBUTORQ _ eceva Ee aun a Zoi

ublic Stl . ;

BRuatoes —Tenn

* # i Net Hizb Low Last Change

pet

Tex G Sull .....

Noe Ao

a 3 ® NY

SEEN IN WHEAT, CORN AND OATS

Price Tone Firms on Reports of Stronger Markets Outside.

Strength in outside markets induced

| moderate buying of wheat on the —A— DOW-JONES STOCK. AVERAGES

Chicdgo Board of Trade today, giving the market a firm undertone.

good local buying. was up % to 1; cent, corn up ¥ cent, and oats 1 to 3% cent higher. Winnipeg wheat climbed more than 1; cent under buying by exwere placed around 750,000 kushels.

higher. Buenos Aires wheat ruled

strong on frost reports and the setting of the Government minimum wheat price at 5912 cents. Unfavor-| able Australian crop news also was a constructive factor in leading

markets, Corn prices displayed a strong un-

: LIVERPOOL WHEAT (U. 8S. equivalents hated on sterling at

-Prev. High Low Close Close December ...$ .6312 §$ 3 $ .63'2 $§ 6278 March -...... 63%, .63% .63

Fan Li lea% a3 B® Bu

WAGON WHEAT City jLain elevators are paying for No. 1 red, 56¢c; other grades on their merits. Gash corn, new No, 2 yellow, 40c. Oats, Cc.

™ RRRESRE

38 ; % 1234, — 320th "centroi. 277s

Union B&P Vd an Va

LAH

bE obo dal Eg »

(Copyright, 1938. a Statistics Co.)

U. S. GOVERNMENT BONDS Treasury Bonds

Federal Farm Mortgage Bonds

10771 071 106. 15 106.15 106. 1s Home Owners Loan Bonds

102.14 102.14 102.14 106.12 106.12 106.12

DOMESTIC BONDS

Curb Stocks

Net High Low Last Change Sup B.....

Co Am.... 1 Airlines ... City PL

ud Sb od

BDID-NOD 1

= In $0 hh ps pes 2

CAUTION ADVISED IN STOCK MARKET

Experts - Cite Turmoil in Europe, Pay-Law Items.

NEW YORK, Nov. 15 (U. P.).— Experts regard the stock market as being in a vulnerable position and are urging caution in making commitments. They point out that under cover of strength recently

|there has been a large amount of

liquidation of long holdings; that the market has about discounted all that caii be expected of business for the remainder of the year, and

;lthat many unfavorable items are

developing. Among the latter, they list the difficulties in Europe arising out of

"1, [the German handling of the Jewish

problem; uncertainties over the decline in the pound sterling; approach of the new Congress session;

{the Wage-Hour Law operation; low

steel prices, and indications of fur-

utilities industry. On the favorable side is the high

“*!level of business with indications

for further gains in steel, automobile, building industries and in trade within the next few weeks.

Wage-Hour Law Vexes

time. To aid them in keeping with-

book, “How to Operate Under the Wage and Hour Law.” The book, written by two labor experts, Alexander Feller and Jacob E. Hurwitz, explains hat the law means, tells who is affected, and answers hun-

SSeaBaSen SERS 3

aie we te . an * CA 4 «330 DO DI UI G3 ESAS

FOOD PRICES

CHICAGO . Nov. 15 (U. P.).—, Michigan Mackintosh, bushel, $1.75.

California, hampers, igan, square crates, 2

CHICAGO, Nov. 15 (U. P)—

Corn prices worked higher under

At the end of the first hour wheat

port interests. Sales of Manitobas

Liverpool wheat closed 14 to 2 cent

dertone after a mixed opening. Increased offerings on the upturn k were easily absorbed by local inter-|g ests. Local corn receipts were estii» |mated at 260 cars, wheat- receipts at , | nine cars. 13

ther Government competition in the

The Fair Labor Standards Act is ~ vexing many business men at this

in that law, the Alexander Publishing Ceo., Inc., has published a new

Hogand Lamb

Prices Decline;

Vealers Firm Nation's BANKS

Hog prices fell 15 cents on all a weights under heavy receipts today, ; va according to the Bureau of Agri- A. B. A. Convention Warned Deal of question and answer procultural Economics. 170-pound ‘averages $7.85. Packing sows lost ‘10 cents.

Vealer market held steady, with best selling for $11. cows and bulls were firm. Stock steers in medium grade sold for

$8.15.

Good and Choice—

.15=-

Steers

goo 750. 9.50-10.25 830- ¢ 900 Cows Good ....$ 6.00- 700 3

Medium . 5.50Common.

dower top. $7.

7.40; few $7.4

bulk. $9 down to $8.50

lambs, $8.5

"LAFAYETTE Nov Market 15-25¢ lower:

Nov. | Top Recpts.| Nov.

7 ....$ 8.00 6916] fa, oe 8 .... 815 adsl 13 . 9 90

dena 10 .... %90 6397] 1

Barrows and Gila} ro God 300. $ 7.35-

340- 4 7% lantimonopoly investigations.” 140- ='160 3 $ 7.10- 7.85 429- 520°. :

T00- 135| One evidence of the fight to cen-| Others permanently on the program 6.75- 7.35 |tralize American banking, accord-|are John Kieran, New York Times

Choice— | All - Cho ies ig. 50- 1 bo Good 9.50-

nd 730. 9:30 membership in the Federal Reserve The ‘guest star this week will be ay 6.00- 7.00 since nonmember state banks would

§.00- 5 00

95- 7.50 o SSE in 6.00 | reserves against them were carried.

-11. 2. 2. -12.50! ood 750- 200. 8.50-10.50 00-1100. 8.75-10.50( 1100-1300. 9.00-11.00! 00-1500. 9.00-11.00, edium— 750-1100. 7.25- 8. 5 1100-1300 _ 7.25- 9.0 Common A 750-1100 = 6.2 Heifers

Go 750- 90 "900 $ 8.25-10.25/ Good and Choice—

Com 6.50- 7.00 is.

5.00- 550] "550. 1050 .

Hogs—Receipts, 29,000: ‘Jmarket, active ie all, 0 ati 5 Bulk $s @7.70: Tes, Yao 180 1bs., Sala y and medium (eight pac 1 sows, $7.28@

0; : : 5 to 10 cents | workable, a big step will have been od and choice. | taken toward “federalization of all 5; good light |banks.” . a eaoy Je 12,000:

market, late onday fat lambs with uneven trade at ok end: top. $9.

woW:|A. B. A, forecast that banks will

a5: . v -— as ek-end; top. $9.43: assume the obligation of providing

ing to grade; sheep steady: today's trade |for the long-term credit needs of

380 lbs.. $7.25: 280-300 lbs $7.15: 325-350 Ibs. oy 50: 120- 1d 1bs.. $7.30:

|] bid Ss pun & Bradstreet’s daily .weighted Roughs. $ $6.50; stags, $5. pr “calves, $11.50; | compiled for United Press (1930-32

0 | $77.10.

PY p £5: tia Week BHO ..0snrsisarsssine * Holiday

DANGERS CITED | = ON IN CENTRALIZING | SET

7:30—Information Please, NBC.

8:30—Fibber McGee, WIRE. 9:00—Bob Hope, WIRE.

“Information, Please,” the New

Top on 160-| (Op Full Reserves for Inter- [srams, will go on the air at 7:30 dropped to ?

v p. m. today (NBC-Blue) with a Bank Deposits. sponsor. One of the more intellectual: pro-

All grades of| HOUSTON, Tex, Nov.15 (U.P) — grams of today, “Information,

Efforts to centralize all banking in |Please” has been sustaining since the Federal Government constitutes|the initial broadcast May 17. It

ak Jer values suffered a de-|g “great danger” to American banks,| Was so intellectual, in fact, many . o = oi 30 Seti ith wp 26 according to a warning to mem- Persons thought it would have diffiof good and choice native offerings cleared from $8.50 to $8.75. Slaugh- |sociation. ‘ter ewes ‘weakened at $4 down.

the American Bankers’ As- culty’ in obtaining a sponsor, espebers of cially since the Orson Welles epi- } sode fixed John Public's I. Q. at Harry A. Brinkman, vice president {about 12 years.

tion of banking control is not an| 4A lot of humor is provided by

e, even in these days of |Clifton Fadiman, bland literary imaginary one, even Says. critic of the New Yorker, magazine,

who acts as master of ceremonies.

ing to Brinkman, is the proposal sports writer; Franklin Pierce

igs | 200- 300. 1.30 7a8ndodium. } 90 7.10 |that banks be required to maintain| Adams, noted as FPA, author of the

CATTLE (Receipts, 2415)

100 per cent reserves against inter-|“Conning Tower” newspaper colbank deposits. : : umn, and Oscar Levant, composerSuch regulation, Brinkman de-|Pianist, who has just been added to o|clared, would force compulsory|the staff

John Gunther, European correspondent and author. Other special

es with be required to carry reserves wi Zuests have included Geom a

the Federal Reserve Bank, and city

5800 400 .$ 8.00- 9. 00 correspondents could carry inter-| Kaufman, playwright; Lillian Gish,

actress, and Harpo Marx, ‘who didn’t, as usual, speak a word, but

: : who whistled plenty! These restrictions would force such| = geo aio being his stock in

business onto a service-charge basis trade, Mr. Fadiman this week gave

bank deposits only if 100 per cent

“ON THE RADIO

Athletic Club some inside notesion what makes best sellers sell. 0 Said he, in his detached and ure A bane manner: “Create a lovely : young’ woman and a han young man; endow them wi charm and wit; bring them together and have them fall in love in

first chapter; separate them; bring 2 them together again; separate them, ' continue this until about page 3 then bring them ‘together auickiy2¥

» # 2

Gossips used to be. accused: a everything from snooping at keys holes to arranging mirrors in wins* dows. Not only has the worlds grown safer for democracy but for gossips. All one has to do todag - is to sit by the radio. AH All of which is leading up to tH" fact that Jimmy Fidler will begin his new series of gossip programs at 9:30 p. m. today over CES-WIBMAS \ 2 8 = ol Vera Zorina of “I Married a Angel” fame will flutter her wi 8" on Al Jolson’s program at 17: p. m. today on CBS-WFBM. Prot; Quiz also will be a guest. Bi 2 8 8 Rs Vera Brodsky, young Americaty pianist, wiil be the soloist with he. Columbia Concert Orchestra at 2 p. m. tomorrow over CBS. The usual’; EN adjoining half-hour periods of th =

concert orchestra and “Key bs | Concerts” have been merged for: hess | event. ‘7 pi

She will playea contemporary cong

position receiving its first performess ance. It is “Simple Symphony,” by > Ben Britten, young English ‘coma: poser, who based the work on somi@:é

3 I (The Indianapolis Times 1 3 6.75- 7.50] Banks in large cities would not{ nouncements caused by sfation chances after press. is cvraste mDIay A INDIANAPOLIS

-$ 825- 9.00 and force membership in the Fed- members of the Chicago Woman's |th Sg 8.25- 9.00 [eral Reserve. | i g an'sithemes he Viol ate box, rohand 125- 8.23 Small Banks Affected THIS EVENING : “nds.

ny 3 i s in program ame,

Goodman's Or. Fibber McGee

Orval W. Adams, president of the Dr. Christian Bob, Hope

Jimmie Fidler Uncle Ezra __ Worl LI We | Live In Kimper & Co.

Je S252 5858 see 5253 5&5

Al Jolson Men's Program

Low cutter - oR and cutter 3.75- 5.00] 6.00- 7.00 | a the only ones to suffer, by re- APOLIS Stacy CINCINNATI 283 . > ie AlL Weights 790 and Chojce— strictive legislation, Brinkman said.| —— Lom hon {NBC-MBC) (MBS Net.) (NBC-MBS) a ’ - si - . : 3. er A SMetium ® 8.35: 7.00 a0 n 3 and added that(“probably $500,000,-| 4:1 Peru kot Vm Pen Tpaale Farhan ae a Cut., com. 4.75- 5.50 2.00- 3.00 | 3 4:30 Tea Tunes Unannounced Melodi Vy on 000 of such ey is held in what| 4: “wn : selodies ack Armstrong sgn SHEEP AND LAMBS (Receipts, 3250) . db Imogene Pierson Pianist Paul Sullivan 28 . assified- ‘country towns’.” 5: Christ. Science E bl i ad Ch i +8 8.75 et .$ 17.00 3.50 ae = 28 ny : 8: Howie . A bers iy mon Beas i Bud Ll NE ig Sage 8.50- 2.001 Medium 5.50- 7.00 The correspondent relationship 5 Y. A. ogran Dick Tracy Concert Or. Denton & Barber. ; 0 - 354 ommon. pet Ween American banke is “the 5 Jordan Cons. Dick Todd Orphan Annie Lowell Thomas iad - 6: T New ' wisn a ng holst gm. $ 3.00: 3.00 | backbone of our independent yng $15 ER. “Melbourne's or. or Eat iinet dmes S Andy | i : —_— banking system,” Brinkman de-| gi econd Husban ugat’s Or. - Sporfs Review Don’t Believe 8, ., CHI C A G 0 LIVE ST 0 CK oe added that if legisla- or od Somspatet of Ag nes Ty , Inside Sports 22 : tion makes this relationship un- wo any Presents . Green Hornet Johnnie | oi

Lightning Jim | Men's Proram’

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We, The, People Crumit-Sanderson Ps on’t Believe It Crumit-Sanderson 34] Hi

lifton Utley Tomorrow's Tri Gabriel Heatter

True Detective | Variety ‘Show Heidelberg Or. » Northerners

b. | Fibber McGee

Unannounced Uncle Ezra

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~ Irene Beasley Betty & Bob Poetic Strings Grimm's School of Air Valiant Lady Betty Crocker

rice index of 30 basic commodities,

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253

Concer CBS E omphony Varieties Farm Bureau ” 2

Daughter Tropic Moods an, 's 5 chter

fat.lambs slow, weak, biddi [email protected]; choices ambs Rely hovs S915. 58.5038 business, and obviate the need for 10:00 "New Amos & Andy Concert Or. Paul Sullivan Cattle—Receipts, 7500; calves 2000: steer | intermediate credit institutio 10:15 C, "Baum’s or. ws Jurzen's Or. ravers’ Or. and yearling trade steady to weak: no Tio:30 G. Miller’s Or. Bregse's Or. C. McCoy's. Or. Salute much done; but, demand a little broader The trend of the recent€lection.|10:45 i i . » largely steer and vearling run: more short: Adams predicted, will resylt ‘in in- 11:00 §, Kaye sor Himber s Or. Barrie's Or. Moon River ers here; cows run comparatively “11; , , : lapger: piney theice, Jongfed steers 3b creased draft on bank gredit, 3:30 H. King’s or. W. King’s Or. D. Appolon’s Or. RO e's or. ! al ea I oads, Z Rie $11.50@12; numerous loads. $9.50@11; most Te Aes yearlings, $10.50 down to $9; common and LUMBER ORDERS HIGHER WEDNESDAY PROGRAMS - Ler 3 Beg hight Leer, mainly yearlin x type INDIANAPOLIS INDIANAPOLIS INDIANAPOLIS CINCINNATE and steady to easy: fed heifers steady to 25 (CBS Net) (NBC-MBC) : - ae oonts lover: Sows Rig Storing: ols WASHINGTON, Nov. 15 (U. P.).— 6:30 Early Birds Roundup Saddle Pard Ch i Er fos Yealers steady at mainly | New orders booked by the lumber| 6:45 noe Devotions Cowboy Songs Valley Folk Hie a own - Soa industry in the week ended Nov. 3 | 5:00 woo» Musi i | : sical Clock Breakfast Jam Merrymakers were 24 per cent in excess of book-| ¥:15 Dene Na Ph Peter Grant = I . » »”» - OTHER~ LIVESTOCK ings i ths corresponding ue Week, I — vow Fiesta st lam Chuck { Wagon "amg CINCINNATI, Nov. Hogs— | according to ‘the National Lumber |“g.0y™ gichara Maxwell News News = Receipts. 3500; none. aivect, ‘noldover, 460; Manufacturers Association’s report. 3:13 Hontars Slim Dessa Byrd Tune Detective Go To Town a sual fairly dctive: fob. 87.85: 200-220 lbs. $765: | Although bookings rah 24 per cent 3:3 Lam Baby Bulletin Lob Notchers Hilitop Houss *. 1338 100-140 7.25; most good Reka ahead of the 1937 week, production 8:45 4 rR pron - Strings Better Health Devotions Linda’s Love °° sows, § | 5, Wee, 9:00 Kitty Kell let Sattle—Receipis, 70; 400: mar-| was only 1 per cent above the cor-| 9:15 My nx . Marge o rs. Wis fe Kay, Batflers Sect Author Tims hid § steers, vearlings: $9.50 SR responding week of last year, while ois Fatgen's, Kitchen fan. ai White fia ut a Days Souragcons’” 48 to good steers, $8( 8.65: $9: | shipments showed a 5 per. cent gain.| —— lir® good beef cows occasionally to $6.50: cutter : try in the latest k 00° E. J. Unruh - David Harum Monitor News Julia Blake aay grades, $3.50@5: sausage bulls, $5.50@6,50:| Lhe industry in the latest weekijy:35 Party Line Lorenzo Jones Rhvthm Makers 5 Sade ot vealers steady. good and choice. $1 11.50. | stood at 62 per cent of the 1929; 1 :30 Big Sister Widder Brown -Books 8 uSheep-—Receints, 400; ht kl £ duction and 10:45 Aunt Jenny Editor's Daughter Ola R Refrains Road of Life S5nnly: lew lots good trueked-in lambs, | Week'y average Of proauctio 11:00 Mary McBride Singin’ Noon Rhythms Editor's D fee Si ft a0 Food na choice absent. lic 61 per cent of average shipments in 13:15 Nancy James Thane Tove oon Ehythms ter NaNcBjensg | dium, 38 @8; odd head slaughter ewes, s3| that year, 1 I Fam ges Boy Greets Girl Dens Hour” > age 7D oo 12:00 Bohemians lB Back Hom Wh FT. STAY NE. Nov. Hogs DAILY PRICE: INDEX 12:15 New Headlines Sleepv Hollow Farm Radio . .. i¥ Market, 1 15 10°20 20 cents Tower: Tbs. ; - O- Pa. Hamar WIRE Reporter Roundup of Farm 3 OF Bo Gis 2 415%. 180, SE Sw 50; NEW YORK, Nov. 15 (U. P.).—| 12:4 faphattan oice of Exper. Blue tidge Girls Houy Simang 2

Dick Leibert Betty & Bob

Ross Aldridge /Valiant | Lady

" Betty Crocker '

N. E. C. Program Progress , Parade Piano Moods ~

Mary Marlin en Swingsters Ma Perkins Concert Hour Pepper Young ” 2 Guiding Ligh

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7.85: 190-250 1bs., bs. 3 nT 1 dreds of questions arising out of |[email protected]: piss. $7 50: 2 down? | MONth 880 «.couseesresooess. 104.25) 3:00 pon Backstage Wife Hawaiians Kitty Keene 'v & the law's application. fajves, 3101050: tamis Seu s Year ago ...... ~veiesnvreans. 1185] SII A Sells Palas: Till fing ream od. ght Most dangerous part of the new 1938 High (Jan. 10) Rp » 3:45 LedBrun_Sisters Girl Alone Johnny Perry Hatterficlds ° weit act, the book finds, is that one a 1938 Low (June IY ivi 4:00 March of Games I. U. Prozram Jamboree Hannah ~ : fe which makes one firm responsible Chicago Stocks SR: Ha ab Tea. Tones No a nouseed Silent, . Er Armstrong CE for violations of others. For ex- Last 4:45 "Minute In Interviews Paul Sullivan 2.15 i ample, a distributor of goods is re-farmour & co.......... 534 KEY NETWORK STATIONS (Subject to change): sponsible not only for maintenance Aviat REN wr rains 3 NBC-BLUE-WIJZ, 160; WOWO, 1160; WENR-WLS, 870; KWK, 1350. of labor standards in his own busi- {Bendix Aviat ...oorrr.. 22 NBC-RED—WEAF, 660: WTAM, 1070; WWJ, 920; WMAQ, 670. ness but also for violations on the Cestie R31". 5 33 CBS—WABC, 860; WIR, 750; WHAS, 820: KMOX, 10; WBBM, 770. ~' 1a |part of those who produced the % MUTUAL—WOR, 710; WHK, 1390; KC, 640; CKLW, 1030; WSM, 850." 4 Soouiy which he has purchased for|§ Sy i uy : id resale. 614 Ti A o as 264s CROSSWORD PUZZLE LOCAL ISSUES Hu oo » The Iollowing quotations do not repre- : ! > ui ge aE a 3, HORIZONTAL Answer to Previous Puzzle 12 Finishes, based on buyi 1 ions of | Su 2 ied : 2 inishes, i a based. “transactions.” = ng quotations o 2 1 Virginia , x 1s Greek Hen] ¥ A" ocks merican 7 She was a it Belt RR & Stock Yds com. Loe on U. S. STATEMEN T college official i — of Seti Belt BR & Sk" Yds pid . WASHINGTON. Nov. 45 (0. 1.7 Cav. 11 Musical note. BRAZIL English. rg apd Cent Ind Power 7% Gov N Home T&T Ft. Wayne 7 ernment expenses and receipts for the cur- 13 Her official : 18 Husband or. ! hd Hook. Drags Inc vom rent fiscal year {through Nov. 12 compared : C ee title. wife. Ind & Mich Elec 7% with a yéar ag 3d ind Gen Sve Co 6% "This Year 14 To caution. 19 She has had ‘i+ | Ind Hydro-Eleciric 1% pt Expenses $3.202.020.911.15 f 154.01 15 Observed. | a fine wm 0 Indpis PAL Co. 1s Toss Det. 1.218.049 954.03 50.444 30 17 Abounding in JR] 21 Having no 7% Indpls Water Co. 57% p et Def. 1,202,191,554.83 ,494.80 pines. A head hair. time pls Wate Cash Bal, 2.577,071.384. 31.738. 42 : Lincoln Nat Life Ins Co corm. 24: ork Bal. 1.965.782.909. 185.64 18 Revealed. 24 Legal claim,” pil 3 |NInd Pub Serv 79, Pub. Debt 38,516,668,247.04 4.428. 79 20 Fishes’ eggs 25 fae tooth, ’ nd Pub Serv Co Gold Res. 14,101.890.887.58 070.71 1 . yg *N I 25 Oller ig 1 : b FEE aT pe py THERG Thi uote [EEO ANMARATET WAR) 26 one mio Ly. Pub Serv Co of Ind 17 pid - iv 41% o INDIANAPOLIS CLEARING HO 22 Nami 27 Strong tastlh uy ED i % nid... BATINES cveviiivoniidinciiinds. 5,045,000 i 3 > | FT com. 38 $3 CIREY take vwrrernsainreres 10,745,000 ” Jatin 34 a So vt 2 Zo wander gis i OO DId...co00e Van Camp Milk Co com ...... syllable. 353.1416 Sn, _window. 8 Bonds } * 3 24 Slat. 36T 32 Places or Amer Loan 5s 46 ........ eines DB 0 presagé. VERTICAL : Cit Ind el its 61 nie. 02 i eposiis. py 5s "ia. '93 25 Neuasl fo 38 Dealers in 9 Cast of a 3 a d. its A : (Home Ta pL Ww 5% 55......108 | PRESENTED BY pe . money. Ya Se pin 3 nd Assoc Tel C Co. 54% 55: : 1.108% | 1] K THE PEPSODENT CO. 27 a . 42 Male children. 3 Coguage: 57 Selt-seemy it. ; ndpls’ Waier Wis 27.86... 102% TYP | WRITERS ‘Advertisement ’ | ingredient. 43 Precipitation. 4 24 hours. - 38 Bench, - i Kuhner [Packing Co 4} 3% 50. . s, 10 he - 28 Sinned. . 44 Soft broom. 5 Type measure. 39 Wren, : Y Muncie Water Wks ‘Sen 65.1022 Ei 1 Quali rig at Fg Revaired Get Your 30 Carnivorous 45 Common 6 To splash. - 40 Bellow "3 | Noblesville Ht LEP 6% % 41..01005, 103% WOODSTOCK TR PEWLIC EES co. : : ; mammal laborer. 7 Lean. 41 Nimble. ~~ 3 Public Tel Co Dor bn 100 30 S. Pennsylvania St. P rt Li e 31 Early 46 Inner sole. + - 8 Silkworm. 43 Sun god, 7 Richmond Wat Wks 5% 57....103% 105 a Y in 32 Throe 47 Fruit. 9 Army rifle 45 Father bt Seymour Water Wks §% 49....10 , 103 + 10 Exi T Haute Water Wks 57, ....100% 102 : iy ind Henk - 33 To soften 48 Her college. 10 Existence. 46 Road. T HEWIE Wailer Wis 6% 4. 38" « || MILDRED BAILEY 1anay leather. 49 She has sén 11 Roll of film. 47 Poin. “Market St Tnvestneenit ‘Corp 25.87 26.94 h FREE | p— die "(By M. P. C#ist & Co.). “The Rockin’ Chair Lady” and ; { CE LA be 2- 18 PI rw " in Take avantage of this out- . : ) fer be- 13 I4 15 6 ;| FOREIGN EXCHANGE |] COUNT BASIE || :tendins Pree offer now be- || — fB5, Hew YORK, Nov. 15 (U. P.).—Following » Stati WFBM ; on cable rates on major currencies: swing out tonight with June oo a aon ble. Fr . 17 8 19 # n fact, it’s a Double Free : Cole Rates Change : : “ England (pound) ..... 471% +.00% E GO Offer—here’s what you get: | a Eng. s0- day bi Bill rate) 5 a s_ +004 B NNY ODMAN 1. A copy of Sara and Aggids 2 kL 2 France. (frane) $: amous Handy Buok contain- | : Belgium heiga) Lo." WFBM. a P. M. dozens of delicious new || | A 5 Germany (mark) ‘ : i} cooking and baking recipes; 2% 27 Switzerland. (franc mark 268. ol valuable household hints and : Holland ieailder”..\" 303 is Camel Cig arettes hort cuts; many first-aid rad -0004 short cuts; many first-ai = (krone) 1:11 i336 Tiooni g suggestions, and other valu- 2 i po Denmark (krone) .2104 +.0001 " |} able information. ‘} 2. A full 12-dram trial bottle 3 32 of the famous Dr. W. B. Caldwell's Syrup Pepsin, if you 33 34 35 have not tried it. : : Here's all you do—simply 5 38 1 : 36 | 37 | | ' send your request to Station } 3 WFBM, Indianapolis, Indiana. 2 43 1 Tor further details. listen in : + 1 aily, Monday through Friday. tlle] ple]e]e BONG ana sig: ‘ : 6 ‘ - 10:15 to 10:30 A. M. ! : A : § Lai 3 £ five

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