Indianapolis Times, Indianapolis, Marion County, 17 November 1938 — Page 25

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THURSDAY, NOV. 1, 1938

STOCKS HIGHER IRREGULARLY IN DULL DEALINGS

Steels:Make Best Showing; Special Issues Gain Point or More.

: 4 NEW YORK, Nov. 17 (U. P.)—

Steel settled down to narrow movements in the early afternoon trading today after rising fractions to

Y. STOCKS

aska

Am &

more than a point in the morning |4™

- dealings. Volume lightened.

A The market was around its highs |4

of the session at noon. In the next hour it fluctuated narrowly and entered the fourth hour practically at the noon prices.” Traders cautiou ly ‘felt their way in making new co, mitments despite the firmer tone. Steel shares made the best group showing. Individual issues in other sections had gains of a point or more, including. the U. S. Rubber ‘issues, Chrysler and du Pont. nsactions to noon. (Indianlis Time) totaled 590,000 shares, inst 1,040,000 shares in the corponding period yesterday. Domestic corporation bonds worked irregularly higher in early trading. Light buying centered in medium priced railroad issues at the outset and gains in this group were extended to around a point. Utility and industrial liens were - mixed, with price changes mostly limited to small fractions. Foreign obligations hovered around previous closings in a light trade. Curb stocks held narrowly around previous closing levels after reacting from an early irregular advance. Transactions in the first hour appximated 59,000 shares, smallest since Nov. 7, compared with 99,000 yesterday. Aircraft issues improved - under lead of Bell Air, which held most of an early fractional advance. Sever- ' sky, Fairchild, Grummn and Lockheed all had small gains. Other in-

a a re

dustrials virtually were unchanged &

from yesterday's finals. . ils generally did little, although Pantepec was in demand at around its previous close. =

» »

oday's Business At a Glance

GENERAL BUSINESS

Bank clearings of 22 leading cities for the week ended Nov. 16, $5,047,483.000 vs. $5,192,521,000 like period year ago. Engineering News-Record reports engineering construction awards for week ended Nov. 17, $58,780,000 vs. $37.260.000 for four days last week and $34,753,000 like period last year. National Coal Association estimates bituminous coal production in U. S. week ended Nov. 12, 7,950,000 net tons vs. 8,957,000 like week 1937.

CORPORATION NEWS

Chicago Pneumatic Tool Co. consolidated net profit September quarter $199,162 or 6 cents a common share vs. $420,486 or 72 cents same period, 1937, and $153,908 or 61 cents on convertible preferred in June quarter this year; net profit 9 months, $574,354 or 10 cents on common vs. $1,281,944 or $2.21 like period last year. Cushmans Sons, Inc. of New York net income 12 weeks ended Oct. 2, $44,807 vs. net loss, $77,499 like period last year. Net income 40 weeks ended Oct. 8, $286,283 vs. net loss $212,153 like period 1937. Interstate Department Stores, Inc. and subsidiaries net loss 12 months ended July 31, $299,304. Interstate Department Stores, Inc., parent com‘pany net lgss for 12 months ended July 21, $547,910. Pullman, Inc. consolidated net ‘profit September quarter $599,432 or 15 cents a share vs. $3,892,672 cr $1.02 like period 1937 and $216,349 or 6 cents a share in June quarter this year; net profit nine months .$1,244333 or 32 cents a share vs. "$10,501,873 or $2.75 same period last year. : RAILROAD REPORTS

Mahoning Coal Railroad Co. net income September quarter $216,638 or $6.95 a common share vs. $458,167 or $14.99 like period 1937; net income 9 months $487,508 or $15.42 on common vs. $1,093,619 or $35.79 like period last year. Northern Pacific Railway Co. loadings week ended Nov. 12, 10,297 vs.

10,678 previous week and 10,506 like Lige

period 1937. St. Louis-San Francisco Railway available "balance for interest 10 months ended Oct. 31, $544,619 vs. $5,063,125 like period of 19317,

DIVIDENDS

Connecticut Light & Power Co. regular quarterly 75 cents on common payable Jan 1 record Dec. 15. Emporium Capwell Corp. 25 cents on common payable Jan. 3 record Dec. 16; like amount paid Oct. 1. Fresnillo Co. 25 cents on common payable Nov. 26 record Nov. 23. International Safety Razor Corp. regular quarterly 60 cents on Class

. A payable Dec. 1 record Nov. 25.

. #85 gro:

Loews, Inc., regular quarterly 50 cents and extra 50 cents both payable Dec. 31 record Dec. 13. Monsanto Chemical Co. regular ‘quarterly 50 cents on common payable Dec. 15 record Dec. 1. ‘National Standard Co. 25 cents payable Jan. 3 record Dec. 15; paid 121; cents Sept. 23.

‘Pullman, Inc, 25 cents payable y

Dec. 15 record Nov. 28; previously

paid 371% cents Sept. 15, June 15|n

and March 15. Sonotone Corp. 10 cents on common payable Dec. 15 record Dec. 1; 5 cents paid Oct. 14.

Armour A

dams EXP «ee. r Reduc .....

legh Corp . All Corp p 21 Cp pf All Lud S Allied Mills .... Allied Stores ... Am & ceived Am Enc Til ... Am & F P $7 am PP

Armstrong C sso Dry Gds

By United Press

DOW-JONES STOCK AVERAGES

Net Last Change — Y

Jun ....

sees

HD HERE

3% of 18 9

a. oe

Yesterday

Year Ago High, 1938, 158, 08; High, 1987, 194.08;

Yesterday Week AZO .......cc000000000 4 Month Ago ......ccooveeeee Year Ago . High, 1938, 25.19; low, 15.14. - High, 1937, 87.54; low, 19.63.

30 INDUSTRIALS sassscssensenevsee 151.54 Week AZO ....cocovvossccses 157.47 Month Ago ........co00ve.0. 151.52 cereesess 125.48 98.93.

sserscses

low,

-3.12 —0.61 +1.50 -—2.06

low, 113.64. _ 20 RAILROADS

Yesterday .......cccec00eene Week AZO ....cooonveicnnces Month AZO .....ccovevevenne Year Ago High, 1938, 33.18; low, 19.00. High, 193%, 64.46; low, 28.91.

cesssecesans

13 UTILITIES

esssssssssessssce

csescrencs

31.28 33.17 30.99 32.01

23.17 24.72 23.84 22.31

Sl. ®

SHR

St_Jos

—

A A A At

a Auburn

Canada

Certainhamp amp.

eB J

Cub-Am Cudahy

-| Curtiss-Wr .... Curtiss-Wr A ..

Davison Deere Del & Bougies Now

| East R

El Paso

Gaylord Gen

Gen Gen Gen Gen Gen

Gen T& Gillette

Gimbel

Hecker

Inter R

Int Ry Int

rene Kro,

Laclede Ligg & & Ss

Aviation Corp .

Cal Packing . Callahan Zinc Calumet &

Can Pacific ..

Gas ca” Pictures ‘vie Com Credit .... 5 Com Solvents .. Comwlth . Cons Aircraft .

Cont Mot ...... Cont Oil Del.... Cony Steel .....

Hud .... 23%

hem ... Du Pont .....

Eng Pub

Firestone Flintkote . Follansbheé ....

Gamewell

Gen Elec

lidden = Gobel "adolf Goodrich Goodrich pf.

Gt W sug pf.. : Greyhound Cp. 195s

Hall Print ... Harb Walk .... 31 Hayes Bdy

Holland F pf.. Homestake Houston Oil ... Hupp Motor ...

Ill Central Ill Cent pf .. Inspiratn Cop..

Interlake Ir .. Int Harvester.. Int Hyd Int M Marine.. Int Nickel ..... 533 Int P&P

Int T&T For...

Johns-Man Johns-M Jones &

K C Sou ..... Kennecott Key Stl

Lone Star © ... 5 Long*Bell A ... Loose-W Bis oes

athieson ..... eCrory ... cIntyre P cK

DHE HE HEEL

0 soe or - on

a Auto .

2 5% Bi ct ., 132 8

+ x

M..

Tide W

H Dry ..

td 6 pf Truax

Paper 30 ap pf. Ohio

1l pf . tP &

Sug ...

Walker Chem. Walworth

Air .... Mill... N G... S....

T... . 2

Co.. Cont..

mt 0 a TORR NN® NN

S R. Bros ..

140 1936 Low

—H— oo 129

Prod . ‘11373 eee 61% 7

2Ya

15% . 25% 16% 87

| 14% 623% 73s 312

El A. 2 Int T 4 3 No & Penn

DRL EE

gam... Va

Va 9a ais J «»..103%s 103% I .. 128 128 7 pf 70 wf ee 10%; 45-

++]

a la 10%2 44%, 13 213 19%

Canad 13 213; 197s aml G ..... 1212 121; My ....100 100 My B..1003% 100% SEL 59- 59

SS... G & B ..

tt H+

- . ie - ® 8

engel

Mont.

urray

Nat

Nat Nat Nat

Yellow Truck & Coach Manufac- Sh

turing Co. $1.75 on 7 per cent preferred payable Dec. 23 record Dec. _ 15; like amount paid Oct. 3.

CHICAGO PRODUCE

'Butter—Market, unsettled; receipts, 657,oss 1bs.; extra firsts (90-9112 sgorel, Be extras (92 score), 253, @36¢; firsts, 25c; seconds, 23'zc; § ecials 193 score), 26%a@26%c; standards, 25Y%a@25%c; @ score. 2c tes score), 24%2c; centralized

, steady; receipts, 2644 Slade firsts, cars, 27%ac; less than cars, Y2c; extra firsts, cars, 3lc; less than cars, 30%c; checks, fresh, 2lc; storage, 20c; current receipts, . 26¢; drties, fresh, 21c; storage, 20c; refrigerator extras, 23%ac; refrigerator standards, 23%c; re- + frigerator firsts, 22%zc. oulty—Markes, steady; receipts, 1 car, 48 tryek 5 ducks, 13@l4'2c; geese, 13‘.c; : . hens, 5c; Le horn hens, 1l1l;c; ring hy 14@16'2c; roosters, 11'2@ » Sac; broilers, 17@18c: turkeys, 14G20c, Cheese—Twins, Javielae; daisies, 1234

; c; longhorns, 12 hen 1B iat joes 96: on track, 351;

Russet Burbanks, McClures (cotton isconsin Round Whites, $1 dichigen Russ Bah (U. 8.

Ble fresh

omn Otis Otis

Pac acific L

Peoples Phillips

Procter

Radio .

Rehuble

B Dakota Rliss| Rev. Fi

o 145 Covbiors $1.15; - a slow: Russet Bur

& R engel 1st of." Fi iami Cop .... 1 id Pet .

[onsanto Ward ... Motor Prod ... s Motor whi en 15% M > 8Y2

Nash Kelv .... Aviation . Nat Biscuit .... Nat Dairy .... Distillers . Gyosum .. Lead ..... Nat Steel .... Newport Ind N - Central

us eel 6 cvipf.

Pacific 7 Sea C

Penn Gl Sand ‘c Penn

Pitts Coke&Iron Pits Stl itts Term Coal Pitts & W Press Stl Gat.

Public Serv .... 33 Qil Bre Oil 5 f..

Quaker st Oil .. Radio-K-¢

Rayonier . Rayonier

28 res Bell Air

THEE T ELE vs

Brewster

—-

Con Co

doe Raa

ae. 8 oa

Gt A&P

Nee

Gi wa

Shr bE FREE

es ra

Cent &

itago Club Alu Comwiy

. Ba: 10%

C3 ND eb be ped

00 0

Gas ...

RY ar Pet ... tility &

Va . & G..

QOH LALI INI bd bb

dl .+ 24%

1esd «vs Dis

Air 5 joebuck Bn 12

Texas Corp ... Texas Gulf Prod 5 Tex G Sul Thompson Pr .. WwW A 0Oil.. Timk-D Ax ... Timken R B .. -| Transamerica .. Trans West Air. 20th Cent Fox. Twin CY RT... Twin Coach ... Tra rts.

Ulen & Co ..... Union Carb .... Un Oil Cal .. Un Aircraft Op 1, Air L

Vanadium . Van Raalte .. I C&C pf... 11

Yellow Tr . Young S&W ... Young Sheet ...

N. Y. Bonds

BOND PRICE INDEXES

Yesterday Week Ago s Month Ago ....

Two Years Ago 1938 High 1938 Low .... 1937 High 11937 High 511936 High .....

Argent 4'>s 71 alia 3s

Aero Sup B 4 Alum Co Am an Am Airlines ... Am Cyan Am Super .....

Hecla Min .... Indus Fin 7 pf. Lockhed Air ... Mead Johns ... Pac GE 6 pf... Pennroad

High 47 t . 211%

td Oil Ind iter] Prod

Superior Oil ... Swift & Co Swift Intl Syming Gould..

Net Low, Last Change

a7 21%

734 9 Va

—T

. 44Y,

262 1343 17% 9% 95s 27% 4 12% 1-16

447, 5

32 26%s 13% 17%s 51 9% ola 27 4

wl ee

«ee 262 24;

Wabash nf A.. (H) ... 51

Warner Bros a Wauk Mot 234 W Pa El 7 pt. .101 a

Wilson & Co 8 Woodward Tron. 25, Woolworth . .. Worthington .. Wright Aero .. 115

. 501%

4 872 19% 36% 1

51 1052 65 67%

267% 34'2 11

. 24Y,

—Y—

eer 193 22Vs 54

20 Ind. 87.0 87.0 86.9 $3.5 94.7 87.3 4.9 95.0 80.1 94.8

ses

seca

1972 22's 53%

20 Rails 60.1 - 62.3 59.2 72.9 99.4 50.0 47.9 101.2 69.3 100.4 84.7

Treasury Bonds

1953- 4 eesenaae:102.

Jus 102. 02.3 103. Ts 108. 18 108. 18

104.4

*lwas small.

WHEAT STEADY, CORN HIGHER IN LIGHT TRADING

Little Stimulus to Market; Traders Await News: of Trade Treaty.

X CHICAGO, Nov. 17 ¢U. P).— Wheat prices ruled steady after an irregular opening on the Chicago Board of Trade today. General trading interest was small. At the end of the first hour wheat was up % to % cent, corn up % cent, and oats unchanged to 1% cent

higher. There was little in the news to

: stimulate activity on either the buy-

ing or selling side in wheat, and most traders in North American and Liverpool markets were inclined to await the terms of the Anglo-

»| American trade treaty to be signed

today. Liverpool wheat firmed in late trading to close unchanged to 3% cent highe¥, the latter for the December delivery. Earlier prices were lower on large Balkan shipments and lower aCnadian offers. Winnipeg wheat held about steady in a slow trade. Only scattered lots of aMnitobas were sold for export. Foreign advices reported that negotiations are under way for the

dom. : The United Kingdom today

+|purchased a cargo of Australian

wheat. Argentine crop reports indicate

+ | little frost damage and some bene-

ficial rains in the Pampa province. The United States forecast was for + unsettled weather over much of the

A wheat balt.

Corn prices were steady under light local buying. Market interest Local receipts were estimated at 299 cars of corn and 35

* cars of wheat.

20 60 Util.. Bonds 99.4 82.2 99.3 82.9 98.8 81.6 95.4 83.9 106.1 = 100.1 9.95 83.0 87.3 90.7 106.0 100.7 92.3 81.1 106.2 100.2 103.5 93.3

(Copyright, 1938, Standard Statistics Co.) U. 8. GOVERNMENT BONDS

Low Last

04.2 2 102.14 102.14 102.14 DOMESTIC BONDS

High Low Last Alles Corp, 5s 50st “oss TT 3} 61 ve...105

5s . 69 N Y Cent ref 5s 2013 .. 62 Sou 's 61 (M) RR 3Y%s Young S & T 4s 61 .. «

.e 11% “103%

52 ..

802 81 103° 103%

FOREIGN BONDS High Low Last

seven

412s 5 ces 5

60 a ths 61 Denmark W 2 62

High

Bellanca Air . Aero. . Cities Serv .. Mns... Ea G&Fuel pf.. El Bd & Sh....

Taggart Cp . Un Gas Corp . Un Lt&Pwr A.

Chicago Stocks

Advance Alum ......¢s

3erghoff Brew ccc:oece Jorg-Warner Cent gold Stor .. SW Ut.

& INAUS ..eeeee United Air Lines «cc... Wahl Co

i Zenith Radio ranean

DAILY PRICE INDEX

NEW YORK, Nov. 17 (U. P.).— Dun & Bradstreet’s daily weighted |- price index of 30 basic commodities, compiled for United Press (1930-32 equals 100): Yesterday

es 10114

ees [108% 2613

Low

1934 28

High 34 Js 3 22% 7% 3

4 1%

Dixie-Vortex A ..coeeee

24 Ya + 20 Ya 10% ¥s 12 Ya 1

5Y2 21%

907s

s ended Nov. ; above the corresponding 1937 week,

4 a placed

LIVERPOOL WHEAT (U. 8. Equivalents Sesed on Sterling at

High ose December ...$ 627 7s $ oh $ Ce, March 6378 627% 8310

May .... 63% 8312 835

WAGON WHEAT

elevators are paying for No. other grades on their merits. 2 yellow, 40c. Oats,

Tid red, + Gash corn, new No,

grain

ARGENTINE SENDS AGENT TO WINNIPEG

‘Export Wheat Conference to

Meet There Dec. 12.

BUENOS AIRES, Nov. 17 (U. P). —Argentina will attend the Winnipeg Wheat Conference in an effort’ to solve the problems confronting

cording to Dr. Jose Cantilo, Foreign Minister.

American republic would refuse to attend the conference which is scheduled to open Dec. 12. In answering newspapermen regarding Argentina's attitude on col-

States in an effort to reach an international wheat agreement, Dr. Cantilo said that his country was resolved to attempt an accord through collaboration and with that aim in view would appoint an official delegation to attend the Winnipeg conference. He added that any agreement reached at Winnipeg would not affect the present crop since ‘“economic plans” for that outurn-already

5 had been made.

INCREASE NOTED IN

ELECTRICITY OUTPUT

NEW YORK, Nov. 17 (U. P.).— Electricity production in the week 12 rose 1.5 per cent

the best year-to-year comparison of 1938, according to the report of the Edison Electric Institute. Output for the latest week was at 2,209,324,000 kilowatt:

v, |hours compared with 2,176,557,000

Cok Stocks

" Net Last Change > Yip

fo re

EARS

LarEY

Last 3% 1% 3 22% 7%

33 14

Low

3a 1 ‘a

9 22% 3

ABIL HD)

oie

98000800000 008000000 105.74 Week ABO ccscscosessnssessne 105.26 Gi

Month B80 cocesscnnsssnconee 104.90 | Ge Yes 1847 Switzerland. |

is parative.

26%2c; Sbuttertat. , No. 1, No. 2, 8

kwhs in the corresponding 1937 week. In the preceding week the total was 2,207,444,000 kwh, against 2,202,451,000 a year ago, a gain of 0.2 per cent. : The year’s high was reached in the week ended Oct. 29 at 2,226,038,000 kwhs, but that level represented a decline of 13 per cent from the corresponding 1937 period. The New England district made

+| the best showing with a gain of

10.8 per cent over the 1937 comThe Rocky Mountain region was down 3.6 per cent, but other sections had gains ranging

1" |from 0.4 per cent to 2.9 per cent. 8

LOCAL PRODUCE

14H29LY breed broilers, i 2 lbs. and over, C, . hens, and over, 13c; oiored springers, 11: up, c; Leghorn broilers, 11, , over, llc; spring chickens, 2 lbs. and over, 13c; ‘old roosters, 9c. White ducks, = lbs. and over, 12¢; white ducks, under 1bs., 10c; colored ducks, 5 lbs. and Ses, 11c: colored ducks under 1bs., 9c; geese, 9-12 lbs., 10c; young tom turkeys, 14 10s, and. over, 18ci young hen turkeys, and ove 19c; crooked breast turkeys, “13c; old on turkeys, 13c; No. 2 turkeys, 12c.

No. 1 strictly Tres eountry run ho 1:4

ach full ca. 3 cents for each full case under 54 lbs. will be made;

pullet Sees, 17c. Butter—No. & 38%: @20c; No. LTR (Prices guoted by idle co.)

U. S. STATEMENT

WASHINGTON, Nov. 17 (U. P.).—Government expenses and receipts for the current fiscal year through Nov. 15, compared with a year a RS

This Expenses ..$3, 337, 756, 811, 00 $2, sie 5 9, ).638. 08 Teceints x 2.005.736.57 3.86 2,166,144,471:55 Gross Def 060,237.14 880, 305, 154.53 Net: “Deficit i 1226,114.337.14 1704.53 Cash Bal.. 2.553;553,008.05 2,639.260,981.57 Work. Bal. 1.941,732,303.26 85 J 313, 009.94 Pub. Debt. 38.527.824, 8a: 81 37,051,401,153.22 Gold Res. :14,160.130,126.65 12,788, 904. 33058 Customs . 124, 205, 333. 08 168, 002, 0248

INDIANAPOLIS CLEARING HOUSE 7% | Slearings sirsnnrsinneruateisnyer-$3,119,000 Debits 00

“esesssesessesrssacct Uy ly

FOREIGN EXCHANGE

NEW YORK, Nov. 17.(U. P.).—Following are noon cable rates hi Rates currencies: le Ra England (pound) ......$4.70% Eng. (60-d ay bill rate) Canada (dollar): France (franc) Italy (ira) ... Belgium thelga Germany (mark) (iravel mrk) franc) ..

BU we

_ THE INDIANAPOLIS TIMES

sale of a large quantity of United Me {States wheat to the United King-

S., the various exporting nations, ac- 3%

* Dr. Cantilo’s statement put an s end to ‘the rumors that the South |]

laboration requested by the United|grs.

es Net Change 003% |

PAGE 25 :

Hog Market Down 10 Cents; Lambs Gain

Increased receipts in-the local hog market today caused a 10-cent decline on weights above 160 pounds, according to the Bureau of Agricultural Economics. pound butchers dropped to. $7.90.

$7.50. Vealers continued

good grades of native short-fed steers and yearlings were in demand and sold at strong prices. Most heifers were valued at $7 to $8.75. Fat lamb prices advanced 25 cents, with a top of $9.25 for good and choice natives. Slaughter ewes were steady at $2 to $4. ‘8 3 Reents ire 3.90 7.90 8,00

Nov. 10 ra 1... 12

Top 8.00 7.85 £.00 7.90

6301116 re. 6701 pk 250017 ... 11,125

rere

Barrows and Glia) oo Good and

Packing Sows

$ 7.40- 7.60 7.30- 7.50 7.15- 7.40

Me 6.75- 7.40 Slaughter Piss -10{Goad and Choic 5= | 100- 140 $ 7.00- 7.50 5: 7.50/Medium .. 6.50-

CATTLE, (Receipts, 874

Steers 71a Choi All W T50-. 730 $10.00-11.25]

10.50-12.00] Medium . 2 io 0.75-12. 8 com. 4.75- 5.50. 1.00-12.50 AlLW Yoalers e Lan, .$10. go) x d ... 9.5 0-100 9. 20-19 2

> 00- 7.00 |

250- 290 290- 300

a 1s hts—

Cal lai (Reco e 415) 750-1100 6. 50+ 7.75 Choice— | 250- i 5 3.00 9.00 Heifers iGo od 0- 8. ge Go! dium. . 5 %- 7.0 LR "900 $ 8.25-10. 25! Sommen ne er 550- 50. 9.50-10.25 Stroker Cattle

7.25- 8.50] 500- "900 7.55- 8.50 00-130 7.50- 8.50 5.75- T.2stMeding | 5 7.00- 7.75

0-1050 on omman Rf 7.25

150 1100 1100-1300

i an common Common |

5.00- 6. 2 and

550- ¢ 500

Good . Co "6.0

7.00 Medium . 5. o- £90 Good and’ Chot ce— Common. 5.00- 5 55-13 $ 7.00- 8.00 Low cutter

Do Y and cutter 3.75- 5.00 moan 5.50- 7.00

SHEEP AND LAMBS (Receipts, 1505) ¢ Lambs

Choice 8 3 00- 9.25|Medium . .$ 7.25- 8.75 Good .... 8.15- 9.25/Common.. 6.00- 7.25]

S ceveanns$ '3.00- 4.00

Ewe Sood and choice ..... 2.00- 3.00

Common and medium..

sesevsce

Prev. sz CHICAGO LIVESTOCK

Hogs—Receipts, 26,000; directs, 10,000; market slow, light hogs mostly steady: others steady to 10 cents lower; top, $7.75; 290 1bs., $7. 60@ . good iight and - medium weight packing sows, $7.35 @17.65; mostly $7.40@ 7.55. Sheep—Receipts, 80 00: dire 300; late Wednesday fat lambs Fin "steady: best to packers and shippers, $9. 15; bulk natives, [email protected]; today’s fat lamb) trade fairly active, moderat2ly to closely sorted fed and natives, 9.15: few strictly choice held higher; s yearlings, [email protected]; few fat ewes, : Cattle—Receipts, 5000: "calves, 1200; fed steers and yearlings grading good and again on ships

good

better 15 to 25 cents higher a per account; all such grades fully cents higher than week ago; instances 75 cents up on weighty kinds; nothing prime here today: common and medium grades slow, - but steady to strong at $7.25@9; stockers and feeders active; fed heifers fully steady; cows strong; bulls and vealers about steady; latter class carrying weak undertone at [email protected]; best fed steers, $12. so; several loads,. $11.75%12.15; bulk, [email protected]. 17

FT. WAYNE, Nov. (U. Market irregular; 160. 180 1lbs.,

bs. 5 5 40: 260-280 1bs., 300-325 lbs., $7.25; 1bs. Nl 7.65; 120

Hogs—

Fi 80; 180-

salves) Hog

hs, $6. 780 “stags, fo 3: lambs. 8 vbw AFA 17 PY. 3 Sets Li 160398 [email protected]; .50 wown; [email protected];

CINCIN ov. 17 (U..P.).—Hogs— Receipts, 3800, ' including 270 direct: market unevenly 10 to 20 ce nts lower; to $7.90; 200-220 lbs., $7.70; 100-140 lbs, 38:50 @1. 25; most good packing sows, $6.2

Cattle—Receipts, 550; calves, 200; market slow, about steady; package around 525-1b. light mixed yearlings. $9.25; part loads heifers, [email protected];: good beef cows mostly [email protected]; cutter grades mostly $3.50 @s; bulls, $6.50: v galers, top $11.50. hi Tudo 490 dilight a on demand Tots good trucked-in lambs, Selly, wool and choice eli ward; common and

5, Te "Nov.

good; few [email protected]; gible from medium. $6@8

FOOD PRICES

CHICAGO, Nov. 17 (U. P.). — Apples— Micanigan Mackintosh, bu., $1.75. Sweet Potatoes — Tennesee, bu. hampers, S5c@sl.

Illinois, bu., 256@ lugs, $2. 50. Cauliflower—Michigan, crates, a~ O~lifornin. hampers, $4@ 4.25, Celery Michigan, Square crates, 25@ sacks) —ullinois Yellows. so@8pc: “Idaho Sweet Spanish, 92%: @95c; Wisconsin Yellows, 75¢,

Top for 160-170-| Good sows cleared from $7.15 to]

Yo sell steady at | $11 top. Plain, medium and low|

Recpts. | 12,000

$7.60; 220-2401

Carrots—Illinos, bunch, 2@2%2c. Spinach—|j 50c. Tomatoes—California, g

STATES URGED T0 BE MEMBERS OF OIL COMPACT

Byles Addresses Convention Of Petroleum Body At Chicago.

CHICAGO, Nov. 17 (U. P.).—The American Petroleum Institute has called upon Federal and State authorities to continue operation of the Interstate Oil Compact as a means of widening and improving “the usefulness of petroleum conservation.” Addressing the opening meeting of the Institute’s 19th annual convention, Axtell J. Byles, president, recommended that all oil-producing states assume membership in the compact, declaring that he could see no reason “why any producing state which desires to serve the general interests and safeguard its own should hesitate to join and sit at the conference table.” Conservation, Axtell said, means production of the maximum amount lof crude oil from a pool at the least possible cost, as well as prevention ‘of waste, but not fixed prices or the fixing of prices. “This industry has no right to special price consideration other ‘than that necessary to prevent ‘physical waste,” he asserted. “Under proper conservation practices, much narrower swings in the price {trend are likely to occur than were experienced prior to production under proration.” The industry, he said, looks forward “to. an improved position in 1939, provided it escapes the burden of uneconomic ‘inventories by the end of March.”

FARMERS DISSATISFIED

NEW YORK, Nov. 17 (U. P.).— Farmer dissatisfaction with the AAA program continues to spread, according to reports from Dallas. A series of protest meetings have been announced prior to the Dec. 10 referendum on-the cotton quota system. With the trade expecting around four million bales to go into the loan, it has been pointed out that a continued rise in price would obviously cause a revision in this estimate, although present prices have failed to sidetrack a noticeable amount of cotton from the loan to

|| trade channels.

LOCAL ISSUES

The following quotations do not repreent actual bids or offerings but merely indicate the approximate rel

recent transactions. Stocks

based on buying and selling quotations of |

Bid «es 51 5

Ask

Belt RR & Stock Yds com.. 54 Belt RR & Stk Yds fd hein a

gent Ind Power

com Blee a5 bid Ind Gen Svc Co. 6% pf ; Ind i Batre 1% pid .. 63%2 Indpls Gas Cor Indpls P&L 6% p Indpls P&L 612% Indpls Water Co. 5% : Life Ins Co com. [ ©

| So » pf T Haute Title A Co com.. Van Camn Milk Co nfd 6! Van Camp Milk Co com ..y... 10

Amer Loan 5s 46 cr useve. 35 Citizens Ind Tel 4!2s 61 102 Crabbe. Re holds-Taylor 5s 42. 92 T&T Ft W 5% 55

103 Home T&T Ft W 6% 43 104 Ind Assoc Tel Co. 49 65. “i1..105%% Indpls Railwy Ine 5% 6T ve va 49

Kokomo Water Kuhner Packing Co 4'2% Morris: 5810 Stes 5% soy ! Muncie Water Wks 5% .102%2 Noblesville Ht ekeB 015% 8: ris

Trac Term Corp 5% 63 «Market Bt Thestment ‘Corp 25.87 26.94

*Dividen vy M. P. Crist & Co.).

TONIGHT 7:00—Kate Smith, WFBM. 7:00—Rudy Vallee, WIRE. 8:00—Good News, WIRE. 9:00—Bing Crosby, WIRE. 9:00—Workshop, WFBM.

It is likely the King and Queen of England won't be able to look a microphone in the face when they return from their historymaking. trip to the United States next - summer. First announcement of radio coverage of their visit came today from NBC, which already is planning to cover the royal couple's departure from England, their arrival and their activities here. ‘A multiplicity of microphones can give rise to embarrassing situations, as you who remember the Lindbergh incident well know. Shortly after the Lindberghs were married, they landed at a New York airport and were met by an aisle of microphones. The crowd at a distance could see the flier talking earnestly to his wife. who stayed at home by the radio could hear him reprimanding her for not wearing a petticoat.

” » 8

Joan Crawford will preview highlights from “The Shining Hour,” playing at Loew’s this week, during her second radio appearance of the season on the Good News program at 8 p. m. today, NBC-WIRE. Other guests will' be Margaret Sullavan, Melvyn ‘Douglas and Tony Martin. “Baby Snooks” is scheduled to emerge from the corner long enough to take the spotlight with “Daddy” Stafford, and the chances 8 » ”

THIS EV

INDIANAPOLIS WFBM 1230 (CBS Net.) 1:99 Let’s Pretend 4:30 : 4:45

(NBC-MBS) I. U. Program New:

s Unannounced Ensemble

Russ Horman ! Dick Tracy Ensemble

Easy Ace! Vocal Varieties

Tea Tunes Science Prog. wie “Win 4

Red Grange Interview

No anoineed Joe i Penner D.

Rudy ”

. Kate “Smith Vallee i ” ”» ”

”» ”

”» ”»

” Ad i

Only those],

Gaspare’s Or. Newspaper of Air

“ON THE RADIO

are she'll be sent back again before §

| the hour is over.

o ” » 8 If you can’t find something yoy enjoy on the dial on Thursday nights, your only entertainment hope is solitaire. On Bing Crosby's program alone tonight will be an English actor, a Metropolitan Opera star, a song=writer and the girl who met the boy in “Boy Meets Girl.” They are in order: Roland Young, Rose Bompton, Johnny Mercer and Marie Wilson. Miss Bampton, known as “Bamp,” is back to defend her title as the performer who has guest-starred the most times on the Crosby program.

In a slightly Ore serious vein is Dr. Walter Damrosch’s discussion of the function of cellos and basses in an orchestra at 1 p. m. tomorrow over NBC-Blue. He will talk during the Series A portion of the Music Appreciation Hour cone cert. There will be musical illyistrations. :

8 ” 2 . Jottings: Freshman Joe Penner transfers this week from the sewing class to the chemistry lab and proposes to prove at 6:30 p. m. on CBS-WFBM that prune wrinkles - can be eradicated without a flat iron. . . . Joe DiMaggio of the New York Yankees and the Stroud Twins will join Rudy Vallee tonight when he broadcasts from San Francisco, The Connecticut Yankees are play ing an engagement at the Automobile Show there. They will return to Hollywood next week. . . . Helen Menken will appear in an original . dramatic sketch on Kate Smith's program tonight. a 88 4 - M

ENING

(The Indianapolis Times is not responsible for inaccuracies in program. 299 nouncementis caused by station changes after press time.)

INDIANAPOLIS WIRE 1400

CINCINNATI " WLW_%500 ° ( NBS-MBS) _

Lawrence Salerno Hannah Pe J s Jambetee ist Y ! ac Book Week Paul Sullivan

Cinnamon Bear Don Winslow Pianist Drphan Annie Serenade Denton & Barbe Orphan Annie Lowell Thomas: -

Capt. Midnight dmes & Andy

Capt. Herne ieties Bob Elson Don’t Believe " a Inside Sports Inside Sports « ‘1 Green Hornet Rudy Valles »

Lightning Jim “

20 (MBS Net.)

Good News

Major Bowes s on :

Don’t Believe It Concert Or. Tomorrow's Trib. Concert

Good News ” ”

” ”

CBS Workshop

Americans Work

Musio Hall

”» ” ” »”

E. Duchin’s or.

Musie Hall ” ” ”» t ”

oc Cabloman s Or.

S. Kaye's Or. : Strikes & Spares Osborne's Or. |

G rodman’s or, Martin's | or.

INDIANAPOLIS WFBM 1230 (CBS Net.) Early Birds

(NBS-MBS)

Roundup Devotions

Musical Clock ” ”

”» ” ” ”»

SS SD | a

- Richard Maxwell ews Montana lim Dessa Byrd Baby Bulletin Breakfast Club

Mrs. Wiggs Other Wife Plain Bill

ISN |S

New fp Strings Blur K Kelly Farrell's Ki ianen

BESS TENN 2

ie St

David Harum Lorenzo Jozies Widow

Reminiscing

Aunt Jenny

Mary McBride . Nancy James Farm Circle Market Report

Singin® Sam Linda’s Love Farm Hour

. Himber's Or.

FRIDAY PROGRAMS

INDIANAPOLIS WIRE 1400

Woman in White

Brow Editor’ Ss DS aaghter

Hockey a Paul Sullivan

C. McCoy's Or, 9” ve H. . Gough's Or.

Moon River

Revi Ramona’ s or.

Jurgen’s Or. J. Garber’s or.

CINCINNATY - WLW_700 . (NBS-MBS)

~ Checkerboar Valley Folk a

Merrymakers eter Grant Gospel Singer Chuck Wagon

Band fo Town

INDIANAPOLIS (WIBC 1050) g

Saddle Pards Cowboy Sonzs Breakfast Jam

Fiesta Breakfast Jam

News Want A Job? Top Notchers Devotional

Kay Bartlett Cugat Hays all's

M Hilltop House Linda’s Love

I Like Musie

Cobrageoye The Goldberes |

Editor's Dau bier The O'Nei .

nn i Rhviam_t», Safety Program Old Refrains

Noon Rhythms ”» ” ” ”»

Boy Greets Girl

Fora Hour . Julia Blake - Vic & Sade

ews Road of Life

Headlines Wire Repo

Johemians New

Stepmother Manhattan

"Irene Beasley Minstrel Men School of Air

Be . Gri Val Be

ty &

ient Lady ttv Crocker

rter Voice of Experience

Bob mm’s Daughter

Farm News Smilin’ E Happy Gilmans

Betty & Bob Grimm’s_ Daughter Valient Lady Betty A

Back Home Rleeny Hollow

Rou Mountain _Girls

Dick Leibert Tropic Moods Aldridge’s Or,

Marine Band

Chamber Or. Varieties ” ” ” ”

Eton Boys Rhapsody

Backstage Wife Stella Dallas Vie ade Girl Alone.

Progress Parade 3 »

Joe Lewis Mary Marlin Sepia Swing Kings M Concert Hour

AT Light

Sh Keene Midstr. 3 Beautiful Life Mad hetormetas_

Havaiians Ruth Swain WPA O

Ted Wardon

5 Ruth Carhart

“a: 00 March of Games 4:15 Butler Forum 4:30. Tea Tunes 4:45 ”» ”

School News New.

Marvel Meyers Interviews

Hannah i Cansing Shadows

Jack Armstrong. Paul Sullivan

Jamboree Silent ”

NBC- BLUE—WJZ, 760; WOWO, 1160; NBC-RED—WEAF, 660; WTAM, 1070; CBS—WABC, 860; WIR, 750; WHAS,

. KEY NETWORK STATIONS (Subject to change):

WENR-WLS, 870; KWK, 1350, + WWJ, 920; WMAQ, 670. 820; KMOX, 1090; WBBM, 770.

MUTUAL—WOR, 710; WHK, 1390: WHKC, 640; CKLW, 1030; WSM, 850.

W00D, GUNDY & CO., INC.

This is under no circumstances to be construed as an offering of these Bonds for sale, or as an offer ‘to buy, or as a solicitation of an offer to buy, any of such Bonds. The offer is made only by means of the Prospectus. This is published on behalf of only those of the undersigned who are registered dealers in securities in this State.

$40,000,000

Government of the Dominion of Canada

Thirty Year 3% Bonds

Dated November 15, 1938

Due November 15, 1968

Price 97Y,% and Accrued Interest

Copies of the Prospectus are obtainable from only such of the undersigned

as are redistered dealers in securities in this State.

MORGAN STANLEY £ co.

TBF FIRST BOSTON CORPORA oN SMITH, BARNEY & CO. DOMINION SECURITIES CORPORATION

BROWN HARRIMAN & co.

A. E. AMES & CO.

Incorporated

McLEOD, YOUNG, WEIR & CO.

ROYAL SECURITIES CORPORATION