Indianapolis Times, Indianapolis, Marion County, 5 December 1938 — Page 19

’ 2

{

ge 3 3 ha oi By United Press : Net DOW-JONES STOCK AVERAGES FRACTIONS ON Adams 3 yA Elta ig 30 INDUSTRIALS —0.07 as we] 12 a on sans Fe Cesseasesesesqnnns nn 94 : “ea », ee 9000000000000 000 eo. -— a - DULL MARKET 2 Anes Lud si EER edi | RR Allis-Chal ..... 485 45 45 — Y|Year Ago ....... coreseeees. 126.21 —1.58 Amerada ...... [70 0 0 —1 4 gm Bem Noid! lt 179 17 * | mE 100 10; low 11864 . Am Crys sug 0s 105 05 — 3 20 RAILROADS % HHH m Wr .. Rails, Utilities Off Nearly |4™ £.5 22 a: 187 187 18% — | Yesterday ....coceeeueirno.. 2028 =0.10 . Am Roll Mil [20% 0% HN — > Week AZO ....occce ee 28.95 —0.94 ma cece] — Point; Steels Down; Sn ars 86% 86% 86% — % |Month Ago .. . 82.04 40.26 Am Water W ti iin 11% + 3 Xear Ago .......ieeieiheias 31.91 —0.71 " Oile | : Am Wat W 1 pf 86% 4 4 — 7A High, 1938, 33.18; low, 19.00. Oils Steady. Atlas Corp o % T% 1% eeee ’ s ’ ’ . ) , sey High, 1937, 64.46; low, 28.91, | CRE [iB 15 UTILITIES | . Ohio .| 6% 6% 6% — ly. oq 303 ob.le NEW YORK, Dec. 5 (U. P)— ceees|17% 17% 17% + % erday ccccoereceeinennns . . : Tees. 18% 18Y, 18% — Y%|Week AZO .ccecceecccscesces 21.60 0.74 Stocks sagged fractionally today in 60% 63% 60% — % Month ARO ..evevrieerdeers 2001 40.42 .one of the dullest sessions since the al 30% 30% 30% vs Year ARO vulesieiivendannis 22.28 —0.13 September war scare. BoM I "yl Huh 1088 Ea low, 15.14, i | 2 2% 2g — Ya gh, » 37.54; low, 19.65. Westinghouse Electric, Air Reduc- 113% 12% 13% + |” tion and Douglas Aircraft were off 38% Bh Be -n Bab tow Comal: more than a point, but most other : | South Pac Ls 1% 1% 1% — % - ig! 1 1% ee... {Sou Y see e A fo —- pivotal shares steadied at frac Callahan 25 ] iz In 1% =''y|South Ry pf. 21 2m 2% — % tional losses. |Sanada Dry 1 18% 18% 18% = 7 Sperry Con ob 39% 3% a Soy a Se ela af BE BRT REMMRD. ds on By of sarees 8 8 — General Motors and Chrysler were|Celotex .....-o 1% 4 4 .... |Std C Tob ..... Me 2% 2%... a A Pe tno 5 SCE ELE, 5, —-_ e e re Rails, utilities and most other Shes [Cor Ww Pry’ ot 2% 2% 2% — Y3|Studebaker .. TY Tie TW I% sections had losses extending to ChMStP&P_ pt 1 2 2 2 apse Sunshine Min Io, 1 1, Sy nearly a point. Oil shares steadied gp, ster ra IE gh mw 1 Zn witt Intl ..... 3 -Y 2 : x C ——ll a - around. previous closing: levels Co Brosabast A 15% 15% 15% F Wlmidew aon .. 12% 12% 12% .... Bonds drifted irregularly lower in Col BroadcastB 15% 15% 15% even Transamerica 1 In Tt % 3 olumn as ., 2 2 1g — yg ax Ira .. 4 — a dull session. Comwith & so 1% 12 1% — J|Twin Coach . 10% [10% 108 — if Domestic corporation loans edged Somwith & 8 of 28/2 28/2 012 — 2 —U 3 : . CU 1% 11% -— Y off fractions to around a point Comvwlth Ed rts 19.54 10-61 10.64 ste gio a 3.2 P i in us a under lead of rails. New York, Chi- (E008 SGiSon --» %8 “gf S38 77, Un Aircraft. char’ 3 a) Zu eago & St. Louis, Canadian Pacific, Sant Ins eevah 35% 3% 35% eeve United Pop 3% i Sh ee Northern Pacific and Southern Rail-| G38 VO¥ »2o2" 4s 488 4se 170 |U § For Sec... 9% 93 9% eee . Way issues were under greatest Sant oil rts wi. 15.54 19-64 19-64 is u 8 Realty... on aon a2 seen, pressure. Cream wht . ik 26% 26% 36% a g Rub 1 pl. 10414 103% 1037 — % 2924s . . 4 sees VU © OSMEIV....e / 2 Utilities and industrials met scat-| ETSY OOTP -1- (3/8 (3/2 1340 it |G ‘8 ‘Steel... 617s 611, 61% % tered selling. Studebaker 6s lostjCurtiss-Wr ..ie 6% 6% 6% ..c0 Un Stk Yd... 3% 3% 3% .... more than a point and Portland | —=D— Ut P & 1, % Ya oes General Electric 4%s had a 1-point|Deere & Co..... 19%2 19%2 19% + 2 —V— - decline to feature the downturn. Duniii cee 1 le ge 8% + 5 Vanadium ..... 20% H% MU — U. S. Government "liens were quiet | ~ S5% 83 % We and about steady. les Auio-l «v 39% nu -3% - i Wabash pt A.. 2 2 3 — % Foreign dollar loans improved Ex-cell-o ...... 4 19% 19% + %iWamner Bro a2” a3 of 1m moderately at the outset, but backed —- | West Pac 1% | 1% 1% — % : ahs 42 43. .... fWest Bike... 27% | 2TH 2TH, — down from these levels in the early|First N Strs ., ‘a Vesting #8 ° id 1124 13% Sau Be alo Patomiye Goomett Riot: 88, #, 8, on (When &'Gol 4 40 HG xT . 0 on . 2 eoeo d d . -— id = . ea losses Gen a Eis oe 2 14% xy ii os urp SUOCKS € e en Cable ..ul. a i063 41 41 41% — Yellow Tr ..... 17% 17% 11% — % to as much as a point in forenoon|Sen Electric -.- 43 His His = & Yellow Tr ot’ 104i 18452 19415 + % dealings. Scattered issues firmed Goodyear ceisler 2% 32% 324 es... |Young Sheet 49% 49% + % against the trend. Gt North pf... 24% 24% 24% =''% ow ian 3 American Cyanamid “B,” Carrier Greyhoun 20% 20% 20% Ya Zenith Radio .. 181% 134% 8:2 wily » —t— secs enean 7 eee Se FL En Be Bc NV Rak > =| Hecker Prod ... Va V2 — la dustrial ist. Avumimam Limited ox. (Berar oi fi WET 2 N.Y. Bonds . owe un FED —— NE tended an early fractional loss to a|Hudson Moto} . = 2 1% .... N : : Jpoirt, Ill Central ..... uh uh Wh —- % BOND PRICE INDE Bellanca was up % but most other |ind Rayon ..... 26%s 261s 26a — 1a 20 20 20 60 viation stocks were easier. Electric Int Nickel ...: 52% 52% 52% — % Ind. Rails Util. Bonds Evistions : Ii B5P PI.of.. 44 3 8 —1 |siturda 8.2 583 989 SL1 Bond & Share $6 preferred was off [Int Shoe Serie 32, 32 32 1s, | SAL 127 coins S621 333 WH wl) a point and the common and Niag- [2 T&T poiote: 8% 84 83% = 12 Me oy =, tonne 50! ws ome mae ara Hudson Power off fractionally Ee Yor aat "ses 355. Tis oad #38 > vs — s,| Year Ago ...... 3 , ; among utility Shares : d Rennes 2 BY 0% — 2m Wm ..... $7.3 70.0 99.7 83.0 Oils were generally lower and igril,"ss™ 'i31 21 31 1% 3% 1938 Low ...... 9 419 813 1.07 losses extended to 3% point in Gulf|Kroger G & B 20% 20 0... Oil. Eagle Picher Lead and Wright —L— _U. S. GOVERNMENT BONDS ___ Baier oe led the sell-off in min- Leh ¥ Soni’ Li: % un, ne = % Treasury Bonds ing stocks. Lehman ....|.. 5% 25% 25% — Ys High Las la — Y312%4s 1947-45 .......... 08.28 106.28 106.28 . 2 = Eh 1 531% 5314 5314 =n He 940-4 cir anaents 1081" 109. 09.1 ’ . Loew’ LI 587s 5824 Bah — 5 HH 1952-4 .. revaarians i 108.24 108.24 Pe a 3 Vg a - ese . " . - wave {2788 TOB0-55 +rceaensts 104.5 1045 10435 Today S B USINESS |Loose-Ws 5's 105" 108 iid 24cs 1063-58 o.oo ll 10270 1038 10210 Home Owners Loan Bonds A ta G lance SaT% 2% 8% Bu Shia 198044 cnn 106.21 106.21 106.21 olde He HC DONT TH ow Lan GENERAL BUSINFSS ak ag 10 nr Sts SL... Us 105% 105% National Lumber Manufacturers’ ire Porc. i: D2 IE T.. 020 ref si ploos iii 1 “4 16% 16% Association reports holiday-week 3 pt. 3a 37 31a ty as 60 cv ; 1 a ia J a ended Nov. 26 lumber output of 550 Br [25% 25% 25% — Y|Beth 2s 53 8 ord ord mills, 166,238,000 feet vs. 198,605,000 Mtg B. 9 5% 5% — B Brow Et Fr od 10s 8s 103, by 561 mills previous week; ship- | NT ine Can Pac 4l2s 46....... 97% 912 91% ments, 178,224.00 feet vs. 200,011- NashRelv n- 8% 9% 5% oy CRBUEOU.RE Io opin 9d 4d 4 000; booked orders, 224,813,000 feet Nat De iry iE 25 a3 41) + B= gees das i gas 5 4% 3 Ya 58% vs. 224,250,00. No I on i Re er. 108%, 108% 108% Magazine Steel reports steel pro-|Nat Sup Pena.. pia J: 174 yp (Bae I an A ew err - — . 725 AIU es on . 7 duction last week off 1 point to 61|Newport Ind ... 15 -.-15 18 — BR a hese 10835 109.2 lusts per cent. Nob Gomiral 10% 0% 30% = iSeaba a nin 8841 aid pl sd CORPORATION NEWS NYshippf....8 8 8 ... |3 0 Ss sl... .1067 106% 106% ; No Amer ...... 21% 21% 21% {| Util P&L 5%s 47....... 581, 57% 58% El Paso Electric Co. 12 months|No Am Ava |.... 15% 157s 15% — Vanadium 5 I 2m 8954 5 % 805% | —(— arner Bro 6s devas 8 4 4 ended Oct. 31, net income $419,502) ~~ | J Oh th — BEER ER 103% 10312 103%2! vs. 390,255 year ago. Otis Elev ...... 27 26% 26% — % FOREIGN BONDS Engineers Public Service Co. 12 —P— High Low Last HE : : / Ys + Ya|Argent 4s 72 Aor. Sane s 80 80 80 months ended Oct. 31 consolidated] Pacific Ltg |.... 40% 40% 40% Australia 5s 57.. 10! 993 993, t $3,768.314, equal to 75|Dackard ....... 412 4a Hs oy |Bresil 8s ao Tay 1B a net income, a Panhandle |.... 1% 1% Va Ya Canada 38 © 981s O8Y 98% cents a common share vs. $3,677, oe Paramp Plot ... 11 NB. * “Denman "is 6 6. eee .c 99 98% 98% or 71 cents year ago. J] ofEatmo Mints .. 10%. 100 - (U4 + 0% fhaly 7s 81 io Tia Ten 16% Philli e Vs Va 615s 54 oii... 8 3, Gulf States Utilities Co. 12)p57Coa1 pri 2216 22% 32% — 3% Foland 8s 40...0000000 a4 433 42% months ended Oct. 31 net income,| Pitts Sc&B |. 81 52 3 + % $2,059,639 vs. $1,747,979 year ago. Pits & Yo, 32. Mp2 1% uo dard Co. fiscal year|Eress Sh. Car... 10% 10% 10% icago Stocks National Standar 0. fiscal year| Press I... sreey g x & G .. 54 54 54 — % ended Sept. 30 consolidated net| Biro soey 30% 30m 30% tik Pullman ...e... 2 a 2 . " Pons as > Pure Oil ..1eurs 9% 9% 9% 3s it 31 . . : ; he ] 2 8 eisner Bros, Inc. November sales q . |.... Ye a od iA 8312 1,909,426 vs. $1,914,244 year ago, off Reo Mot oeeers 2 2% 32 ; Bu Be. 4 0.2 per cent; 11 months sales $17,-| Revere Cop .... 32 33" 3% 097,758 vs. $19,383,323 year ago, off tu i 10% 10% 10% 11.8 per cent. St Jos Lead ... 44% a 4 19% 193% 19% : St L-S Fran pf 13 1% 13% 1 Puget Sound Power & Light Co.|Schulte 2 es ao 3 3 it 12 months ended Oct. 31 net in-| Eve “2€.[ ..3 es ‘Ou on 5 come $1,487,969 vs. $1,826,783 year Socony Vacuum 13% 13% 13% s 45% a4 414 ago. $n» Sve $n» Virginia Electric & Power Co. 12 ( v b S kb 3: 32 In months ended Oct. 31 net income ur toc S 1 1” 1 $3,447,316 vs. $3,407,220 year ago. Alum, Co Am... AT ur, i, it 8, 19 Waukesha Motor Co. quarter{Am CyanB..... 5% y 1Y 1 1Y, Canny 9 91s 9g — 9 7 : ended Oct. 31 net profit $25,191 equal Am Si; 3 Stl a Oa Jee 16% to 6 cents a share vs. $152,479 or 38|Asso Zhi L $ Atlas Corp wts.13-16 3 -16 41-16 cents year ago. A Tw 1s a 198 1 LOCAL ISSUES . Beech Ar bovine 47% 242 24% + Y a Bl idgel ..... / ag ees tati t - : In BESERCO HE fh nd D0, LalndTHE Se ih A SR n | 6 8 v8 — 2lindicate e appre ate market leve Carnational Co. extra 50 cents onigy, ‘Warcont . 3. i amp Th based on buying Pend selling wuefations of common, payable Dec. 19 record|Carnation C0. . 23 /2 3 2 5 Ag — 2 recent transactions. Dec. 12 and regular semi-annual|Sarrier Corp... 18, 18. 18 — Js Stocks 50 cents on common, payable Jan. 3 gem St ec. 5.18 “ 7 +6 Belt BR & Stock Ivds com u As ck Cus Seryice i af gu ay = HB ARE Sock epi, Compo Shoe Machinery Corp. reg- Coma ge wis. 141 1 if i.16|Home T & T Ft Wayne % pid 52, 34 ular quarterly 25 cents payable Dec.|Greole Pet ..... 22, 221, 9221, .. |Hook Drugs Inc €om.......... 0% 13 15 record Dec. 5. Duke Power ... 65, & 6 — 4 id & uh fd. en 8 468 Universal Leaf Tobacco Co. quar-|g Bd & Sh 8 pt 62 (2 8214 621 = ik nd Hydro-Electric BoP ota. 61 6 terly $1 on common payable Feb. 1|{Ford Can A..... 1h 34 214 — UI Ea IL 6 bth: 96 99 : Glen Alden creer 2% 5% Sls — Js D. 2 5 record Jan. 17 vs. 75 cents previous|Guif Oil ....... 31% 37% 31% - b Indo: A gla 2 Pi ives 101 104 guaner 25d igh ” on Som on Jopes & Lag 4, 3%, ee = Lincoln Nat Life Ine 8 com. : S34 nn, payable C. recor: ec. 13. Lehi Ys 2 % ..... IN 109 Eup Servic 352 id. Waukesha Motors Co. regular fockheed Air .. 28, 373s" 314 — JIN Ind Pub Serv AL aa 78 quarterly 25 cents on common pay-|Pan Am Air. 17% 17% 17% — Y Jd puns oi: 88% 89% able Jan. 3 record Dec. 15. its #1 oil 1084 10878 eth 1 v.| Pub Service Go of od 7 7 pid. 43% 45% tts : a ”2 a + Stand Oil] Ky 17127 #171% — v,|Pub Service Co of Ind 6% pfd. 2412 27% Stand Oil O ne 102% 1027: 102% — 3|So Ind G & ptd ...... 93 96 E IN DEX Sunray Oil . 21, 235 23 — | T Haute Title Elec °Co com. 25 28 AILY PRIC a orp 27; 23, 4 TA Van Camp Milk Co nfd....... . 60 6212 on o Eur B. 215 20h 21, Van Camp Milk Co com 10 11%; wr 2 /4 ces Co com...ee. . NEW YORK, Dec. 5 (U. P.).—|Wright Harg ... 77% 1% 1% — '% Bonds ld & Bradstreet’s daily weighted Amer Loan 5s 46.. 95 100 KN. TNR A FAA VR A Ein vray. HH Cltzene tad Tel dius 61-024 100 price index of 30 basic commodities,| J, S. STATEMENT Slits Ty Tod) 3 5ea3.'92 100 compiled for United Press: | ome T&T Ft W 5% 55...... 108 2108 WASHINGTON, Dec. 5 (U. P.).—Govern- Home T & T Ft W 6% 43...... 104 106 (1930-32 equals 100) I nd Assoc Tel 4% 65 ..... 1052 107% ment expenses and receipts for the current ndpls Railway Inc 5% 67 49 53 Saturday Cevsavidsavesessene 105.38 fiscal year through Dec. 2, compared with ndpls Water 315% 8... 111108 107 WroEk AZO svesershrnterinneia 105.66 Ee Tey 8 83 t Yea nter Tel 5% . 43 5% h 105.00 | Expenses 3 531.58 $ 134 434, 909. 79 Kokomo Water Ws 5% 58....102% 104% Month 880 ccoocieersersonnes VU Receipts | .. 2,248,961,497.44 2,357,543,716.99 | Kusner Packing Co 4%s 50 ... 98 101 Year ago ............ sesviver 111.30 Gross Def. 1501, 3. gas. 14 776, 790.992.80 Morris 5 and Wee's K 7 80: - 98% 101 1938 high (Jan. 10) cesssaees 117.06 Sash Bal . 2.421.248.761.84 2,651 10oT318.20 Noblesville 8 1 & s B83s 0 ao [100% 103% ork bal . 1,8U01,440,608.79 873,616,111.20! Ohio Tel Co 6% 47 ........... ~ 1938 low (June 2) .......... 102.43 Fok ent -38.636,153,314.50 37, tis. 283,085.75 | Public Tel Co Bo, irs amaes 97 100 ———————t—— Gold Res..14,341,197,669.18 12,774,112,584.75| Richmond Water Wks 5% 103% 105 Customs| .. 140,954,518.86 186,051,496.74 | Seymour Water Wks 5% 49....100 103 ~ STOCKS LOSE 1 BILLION mon Wat WE 32 0H, I EN a, Indianapolis Clearing House Re a 5% % Bede 59 ‘63 NEW '¥ORK, Dec. 5 (U. P)— 1 Slearings Weiieesnias er vasenieiiinnis $3. 433.008 Market i) au estment oR Ho 3 29 26.00 _ Stocks listed on the New York Stock, ~~~ ~~ Tt

Exchange lost almost one billion

~ dollars in market valuation in No-

a vember, according to the monthly

report of the Exchange. The average price of all shares on the Ex- ~ change on Nov. 30 was $32.30, f apcinet $32.96 on Oct. 31 and $28.92 on Dec. 1 last year.

SEE FINAL EDITION OF THE TIMES FOR CLOSING STOCK QUOTATIONS AND _ OTHER LATE NEWS

COTTON AREA

’

WHEAT AREA

CORN AREA

JAPAN'S CONQUEST IN CHINA

JAPANESE CONTROLLED

woo we QPP VOD TID LROOBG

Las sds

Scionts Service-Pictorial Statistics, Inc. 12.7

STILL CHINESE

BELL rYTTTART

(64448

TRG

[ture steady on lack of. deliveries on

'|await the private crop estimates to

CORN STEADIES IN LIGHT TRADE

Lower Markets at Winnipeg, Liverpool Are Without Effect at Pit.

CHICAGO, Dec 5 (U. P.).—Wheat prices ruled steady in a light trade on the Chicago Board of Trade today. At the end of the first hour wheat was up % cent, corn up % to % cent, and oats unchanged to cent higher. A lower Liverpool market and easiness at Winnipeg had little effect: ‘on local trading. Liverpool wheat closed % cent higher to cent lower, with the December fu-

current contracts. Heavy world shipments and pressure of United States wheat were depressing factors in the late months.

Winnipeg wheat lost 4 cent in|Good

the first hour. Export business in North American wheat was limited to small business in Pacific Coast Manitobas. Local traders were inclined to

be issued Tuesday. James E. Bennett & Co. today estimated winter wheat acreage for harvest in 1939 at 46,942,000 acres, equal to 81.9 per

cent of the acreage seeded in the|;

fall of 1937

The weather showed light precipi-| ?

tation in the grain belt, with a fore-

cast of cloudy and colder for most|}

states in the Southwest. Corn prices were steady, reflecting strength at Buenos Aires. Changing operations were promi-

nent. Local Feceipts were estimated | :

at 93 cars.

U. S. to Sell New Bonds, Boost Debt

WASHINGTON, Dec. 5 (U. P.) .—Treasury Secretary Morgenthau announced today final details of the mid-De-cember financing program which will boost the national debt to an all-time high of $39,340,000,000. The Treasury will offer this month 400 million dollars worth of 22-27 year 2% per cent bonds maturing in 196065 and 300 million dollars worth of five-year 1% per cent Treasury notes maturing in 1943. Simultaneously, holders of $941,613,750 of 1% per cent notes maturing March 15, 1939, will be offered the privilege of converting them on Dec. 15 into any of three new securities. They may convert them into the bonds or notes in the cash offering or into a new series of nine-year, 2 per cent bonds. Those not desiring to convert will be paid in cash March 15.

ALCOHOL PRICE IS SET

NEW YORK, Dec. 5 (U. P).— The United States Industrial Alcohol Co. has set a base price of 21 cents a gallon for 2B grade alcohol at the plant for the first quarter of 1939, it was announced. On Oct. 4, when this season’s business reached a peak, the price was 20 cents. On Oct. 10 a base price of 23 cents was announced for the remainder of this year,

CHICAGO PRODUCE

UTTER—Market, weak. Receipts, 480,389 ross lbs. Extra firsts, 90-91'2 score 27Y2@28c; extras, 92 score, 38%: firsts, 2 TYsc; seconds, 24Yac; Speci 93 score, 2 @28%c; Standards, 28@ @38 Vac: ny

88_sc 6c; centralized, 89 score, 7c. Eggs Market unsetiied. Receipts. 2,119 cases. Fresh c, less

graded firsts, cars 27% than cars, 27%ec; checks, fresh 2c ‘storage, 20c: current receipts, 26c; rties, fresh 2lc, storage 20c; refri erated extras, 22%c; refrigerated standar 22%c¢c; refrigerated firsts 22% oult. Bucks, 106 firm. Receipts, 17 iguchs. ucks 10@12%sc; geass, 14c; hens, 13@16 Leghorn hens, 11%c: Spring She hoc. ; roosters. 11z@1 2%c; broilers, 16@17c; tirke s, 15% 21c. Cheese—Twins, 14% 118Y2c; daisies, 14% @15c; longhorns, 14% Potatoes—Supplies Heer al; demand, slow; market, s ightiy. < weaker; Idaho Russet Burbanks, 1.75; Colorado Red

McClures oh a . $1 80; Wisconsin

Round Whit £5 1.05; North Dakota Bliss Triumph [email protected]'2; cobblers, $1.20@ 122%; Minnesota Cobblers, $1.15.

Arrivals, 179; on track, 395; shipments,

478 Saturday, 25 Sunday.

LOCAL PRODUCE

Heavy breed broilers, 4%z lbs. and over, l4c; hens, under 4% 1bs., 18c; hers, wis; heavy heavy. breed h Rock

springers, 1% lbs. go 13¢; golored 3 springers, 1% lbs. and up, 12¢; Leghorn

broilers, 1%2 lbs. and over, llc; Spring chickens, 2 ibs, and over, 3c; old rooster IC. White ducks 5 ‘Ibs. an dover, 10c; white fucks, under 5 Ibs., 8c; colored ducks, over, 9c; oid ducks under Ss

breast turkeys. 1lc; old tom turkeys, lic; No. 2 turkeys, 10c.

0. 1 Ey fresh country sun 1, eggs. 25c; each full case -must weigh and over; a net deduction o 15 cents

for each full case ynder 54 lbs. will be made; pullet eses. Sas: No. 250. 20@29%c;

butterfat—No. 4 24c; No. 2 Prices quoted by Wadiey ed

FOREIGN EXCHANGE

NEW YORK, Dec. 5 (U. P.).—Following are noon cable rates on major currencies:

et J able Rates Change England ipound) 8 69> * .00% England (60- day 4.68% 007s Canada (doll > . 0.991, I 00 1-16 France (franc) .... .0264 5-164-.0000 9-16 elgium (belga) ... .1683% - --.0001 Ya [taly (lira) ....... 10526% «.000 1% rmany (mark) 09 +.0001 Germany (ir. mark) .2420 +.0030 Holland (guilde 5438 Suttzeniands (rane) 2265 -+.,0004 Noi a a 2) 3359 0008 orway (krone) .... | 3 Denmark (krone) .. .2096 ° +.0004

FOOD PRICES

CHICAGO, Dec. 5 (U, P.)., — Apples— Michigan Mackintosh, bu., [email protected]. Sweet Potatoes—Tennessee, bu. hampers, 75@90c. Carrots — Il%nois, bunch, 2%ec. Ss inach—Thinos, bu., 10@65c. Tomatoes— orida, lugs, $2@3. Cauliflower —California, crates, $1. $0@2 .10. Peas — Calif Orla, hampers, $3.75@5. Celery Michigan, square crates, 20@65c. Sion Market (50~1b, sacks) — Idaho Sweet Spanish, $1.01. Wisconsin Yellows, 80c. Minnesota Yellows, @ase. Colorado and Idaho Whites, $1. 35

MT TYPEWRITERS

All Makes Rented and Benaired ; Quality at s Price WOODSTOCK

At $7. 30 Top; Vealers Dip

Little receipts of hogs at the local market failed to boost prices today as dressed pork quotations and de-

pound butchers remained at $7.80, with extreme heavy-weights selling down to $7.40, the Bureau of Agricultural Economics reported. Packing sows were strong to 10 cents higher bulking from $7.10 to $7.50. In the cattle market, three loads of choice 1000-pound yearlings brought $12 and a car of choice steers weighing 1271 pounds made $12.25. All other classes sold steady in dull trade. Vealers declined cents to $10.50 top. Fat lambs and yearlings were firm. Most good and choice native and fed Western lambs sold at $9 to $9.50,

Nov. Top Rects.iDec. Top Rects. 25 ...$815 12.000 2... «:3 7.38 5634 38 5 Te 16,000] 8 0 180 £300 29 ... 1.85 12,000 30 ... 7.95 8513 Barrows and Gilts | Packing Sows and go Choice— 4300. $ 7.25- 7.50 140- 160.$ 7.35- 7.80 240- 425. 17.15- 5 160- 180. 7.60- 7.80] 425- 550. 7.00- 7.2 180- 200. %7.50- 7.80|Mediu 200- 220. 7.50- 7.70| 275- 5560. 6.85- 7.25 220- 250. 7.40- 7.60 Slau r Pigs 250- 290. 17.40- 7.55{Good and Cp 0 290- 300. 7.35- 7.50 is Ho. 7.00Medium... 6.75- 7 39 CATTLE (Receipts, 39) - Steers Bulls Choice— 1 Wei 950- 900. 10.50-11.75 Aa En s $ 6.25 I 900-1100. 10.75- LH 50| Medium... 4.75- 5.7 1100-1300. 11.00-12.75/Cut., com.. 4.75- 5. 50 300-1500. 11.25-12.75 Veal lors ood— |All Weigh 50- 900. 8.75-10.50 Choice “ ‘ig. 2 11.00 900-1100 9.00-10.75 ood . 90-10. 33

1100-1300. 9.25-11.00 Sodium. 1. ,50-10 300-1500. 9.25-11.00/Cull and Medium | Smmol, S 50- 8.50 750-11 7.50- 9.0 Calve 1100-1300. 7.75- 9.25 (Receints,” 425) Common Plain— ce— 750-1100. 6.50- 7.75 250- 400. § 8.00- 2 00 Heifers ood..... 7.00: 9.00 Choice— Medium. . 6.00- 7.00 550- 750. 9.50-10.50{Common. 5.00- 6.00 00d— Feeder and 730. 900. 8.25- 9.75 Stocker Cattle um— 00d— 550- 900. 7.00- 8.25 500- 900 $ 7.75- 9.00 Common-—= 00-1300. 7.50- 8.75 550- 900. 37. 7.00|Medium— OW! 500-1050. 7.00- 7.75 Good ...$ %. 00- 7.00|Common. 6.25- 7.25 Medium.. 5.50- 6.00|Good atid Shoice— Common. . :3:00-.5,50 - 750. . "3.00 800 OW Cu - & cutter. 3.75- 5.00 Common and | medium. 5.50- 7.00 SHEEP AND LAMBS (Receipts, 100) Lambs Shs: w8 3 25- 9.50/Medium .$ 7.25- 8.75 Good 8.75- 9.25[Common.. 6.00- 7.25

Ewes Good and choice ........ Common and medium .........

CHICAGO LIVESTOCK

Hogs — Receipts, 17,000; directs, 6500; market, slow and oy uneven, i0@25¢ lower than Wednesday, Nov. 30; good and choice 160-210 lbs., [email protected]; ‘op, $7.60; 220-280 lbs., [email protected]; good light and medium weight packing’ sows, [email protected]. Cattle—Receipts. 9000: calves, 1000; market, shortfed steers predominating in run, very little done; several big packers did not buy a steer on early rounds; several loads to order buyers and shippers about like last Wednesday, but general undertone at least 25c lower; prospects [email protected] market; best weighty steers, sarly. $11.75, but some held around $12.50@13; fed yearlings, early, $11; fed heifers strong, fairly active at $9.50 down to $7; short load, $10.50; cows, scarce, but barely steady; bulls, firm, mostly $6.50 down on sausage offerings, ‘with wei hty offerings up to $6.65; vealers about like most reecnt strike market; bri nging [email protected]; stockers and feeders very scarce, im at $7@8; these being mostly natives Shéep—Receipts, 7000; * directs, 4300; market, fat lambs, slow; early sales steady to weak with last Wednesday; good to Sholce lambs owl ep $9.25; early top, par deck good tha double good

..$ 3% 2.0 2.00-

- clipped en

: 101-16. yearlings, $7. 65; sheep, scarce, indi-

cations aroun steady’ on few here,

WOOL MARKET IS " REPORTED SLOW

BOSTON, Dec. 5 (U. P.).—The Boston wool market was very slow last week, according to the U. S. Agriculture Department. Limited quantities of fine western grown wools were sold, and prices of

selling prices of the previous week. Graded domestic wools were quoted steadier than original bag wools but quotations were largely nominal. Combing graded bright fleece waols were quoted nominally unchanged at 29 to 31 cents in the grease for fine delaine and for half blood, and slightly easier on three-eights blood at 32 to 33 cents in the grease, and on quarter blood at 31 to 32 cents. A number of buyers while not taking any wools were making oiries more actively than last wee

FLETCHER LAND BANK BONDS CALLED

The call for payment of $198.000 Fletcher Joint Stock Land Bank 3% per cent bonds has been announced by William B. Schiltges, bank president. The board of directors approved the call this month and the Farm Credit Administration, under which the bank functions, also has given its approval. The bonds are those dated Jan. 1, 1935, due Jan. 1, 1940, and callable Jan. 1, 1939. Originally these bonds were issued to refund others issued earlier than 1935 by the joint stock bank and bearing higher ‘rates of interest. This action means an additional liquidation of the local bank’s position, in line with Federal law, under which all joint stock land banks of the nation are proceeding to close their business. The $198,000 in bonds called for payment will be paid through the Guaranty Trust Co. of New York, the City National Bank and Trust Co. of Chicago, and the Fletcher Trust Co. of Indianapolis, Mr. Schiltges said.

ASKS FOR COTTON REPORT WASHINGTON, Dec. 5 (U. P.).— The Commodity Exchange Commission has announced that it had called on members of the New York and New Orleans Cotton Exchanges to report the position of each of their customers in December futures.

prasakasaay MAKE CHRISTMAS 1939

A MERRY ONE

Start Saving New in One of Our Christmas Saving Clubs

SECURITY TRUST CO.

130 E. Washington St.

RB Rr

mand dropped off. Top for 160-170-|

50| known as the General Motors-Cor-‘nell World Price Index. X

115 countries, although at present

these wools were mostly lower than|y'

WORLD INDEX 1S ANNOUNCED

Inauguration of Price Rating System Disclosed in Joint’ Statement.

NEW YORK, Dec. 5 (U. P)— General Motors Corp. in a joint statement with Cornell University today announced inauguration of a world .commodity price index to bel:

The latest index released today is for the week ended Nov. 29. The world price index as of that date in terms of gold was at 60.4 per cent of the 1910-1914 average. It compared with 60.7 in the previous week and with 71 for the month of November, 1937. It is the lowest on records available back to 1910. The index for the United States for the Nov. 26 week was at 63.1 in gold, against 62.9 in the previous week and 69 in November, 1937. In U. S. currency the index was 106.8, against 106.5 the week before and 116 in November, 1937.

Identical Commodities

The index covers 40 identical commodities for each country. The list includes six grains, six livestock and livestock products, two vegetable fats, four other foods, five tex0| tiles, three fuels, six metals, and eight miscellaneous commodities. The index has been talculated for

only 10 are used. They are United States, United Kingdom, France, Canada, the Netherlands, Belgium, Australia, Sweden, Finland and New Zealand Calculations have been made for Spain, Italy, Germany, Bulgaria and China, but these temporarily have been eliminated from the index. Data for other countries are being gathered. Those whose indexes are nearest completion are Argentina, India, Egypt, Switzerland, Japan, Java, Mexico, Denmark, Norway, the Union of South Africa and Poland.

Collection Handled Jointly Collection of the prices from world

index numbers are being handled jointly by General Motors and the New York tSate College of Agriculture at Cornell University. General Motors gathers the prices through its various world offices and cables them to New York whence they are transmitted to Cornell at Ithaca, New York, where the indexes are calculated. In computing the index, each commodity is weighted according to its relative importance in world production, identical weights for the commodities being used in the index of each individual country. Cornell translates the prices into a gold equivalent “because it is a good common denominator.” The fiveyear period, 1910-1914, was chosen as the base price period for the index since “it was a period of comparatively stable economic currency conditions for all of the countries

lected, . an The General Motors-Cornell World Price Index (40 basic commodities) follows with copmarisons (1910-14 equals 100):

World United States In 23% Gold Currency Nov. i Casaenes ses 90.4p oy J452 Noy. sides nine wien X , 3 D9, ieee ors 62.4 105.6 lt Jp34. ev 1 69 116 February, 1933. 67 65 65 ear 1926 ...... +144 150 150

Pp "p Preliminary.

OUTPUT RATE FOR STEEL INGOT DOWN

. CHICAGO, Dec. 5 (U. P.).—The rate of steel ingot production in the Chicago area declined 2 points to 56.5 per cent of capacity last week. Local observers anticipate little increase in production and possibly a short downward trend until the new year. The announcement that steel prices would be unchanged in the first quarter of 1939 was regarded as a constructive influence. Steel scrap weakened slightly during the week, and little activity is expected in the scrap market due to the leveling off tendency in mill schedules. Current quotations on No. 1 heavy melting steel are at $14 to $14.50 per gross ton delivered in the Chicago district.

BUSINESS FAILURES DIP NEW YORK, Dec. 5 (U. P.).— Business failures in the holiday week ending Nov. 24 were 191, the least since the week of Sept. 8, according to Dun & Bradstreet, Inc. There were 203 failures the previous week and 196 a year ago.

the country are Elmer Layden, who

sources and computation of the|-

from which prices are being col-|_ :

TONIGHT 3:30—President Roosevelt, CBSWFBM.

%7:00—Al Pearce, WIRE. 7:30—Richard Crooks, WIRE. 8:00—Radio Theater, WFBM. 9:00—Guy Lombardo, WFBM. 9:30—Eddie Cantor, WFBM.

President Roosevelt will be heard on CBS-WFBM at 3:30 p. m. today when. he speaks under auspices of the Carolina Political Union at Chapel Hill, N. C. The group is a non-partisan student organization of the University of North Carolina. If the weather permits, the President will speak at Keenan Stadium. Otherwise his address will originate at Woollen Gymnasium. He will be presented by Dr. Frank Graham, president of the university.

President Roosevelt is en route to Washington from Warm Springs, Ga., where he spent the Thanksgiving holidays. . ®» » 2 3 : Attention, Notre Dame alumni and friends: Little-known incidents from the life of the late Knute Rockne and the contributions he made to youth will be dramatized on the first program in the new series of “Cavalcade of America” at 7 p. m. today on CBS-WFBM.

Rockne gained fame as football coach at Notre Dame, where he was a star player during his own undergraduate days. Among his pupils now coaching at various schools in

succeeded Rockne at Notre Dame; Jim Crowley, Fordham; Harry Struhldreher, Wisconsin; Adam Walsh, Bowdoin, and Ed Anderson, Holy Cross, who is going to Iowa next year. James Truslow Adams, distinguished historian, is supervising the script. Thomas Hardie Chalmers will be narrator and Gabriel Heatter

_|shopping tour for the five little

Eddie Cantor finally will meet his match tonight when it comes to bragging about his five daughters. Dr. Allan Roy Dafoe, famous doctor for the Dionne Quintuplets, will be his guest. Dr. Dafoe is in New York on his annual pre-Christmas

sisters. : ” 2 8 J Fred MacMurray and Madeleine Carroll will star in the Radio Theater production, “The Princess Cemes Across,” tonight. : The plot concerns a princess named Olga, allegedly from Sweden but actually from Brooklyn, where she is plain Wanda Nash. She is crossing the ocean on a luxury liner ready for a triumphal entry into America when a murder and an accordion player named Mandini complicate the situation.

"A chance to hear future Ameri can playwrights and actors will be given when Yale University’s drama department presents a series of original radio plays, “The Listeners’ Theater,” on MBS at 8 p. m. every Monday, beginning today. The manuscripts, written by class members under cirection of Prof. Walter Pritchard Eaton, will come from the department of radio research. The drama to be presented today is by George Slavin, Newark, N. J, and is entitled “Eternity Express.” : ® » 8 “Hobby Lobby” will come in for its second burlesque within a week by a comtemporary program when Al Pearce and his gang twit them in ‘a skit, “What to Do About Your Hobbies and How to Cure Them.”

Fred Allen lampooned them i Wednesday night when he portrayed Dabriel Eeatter and interviewed such people as a man who collects cheese from old mousetraps and a farmer who grows corn with red,

will be commentator.

8 = =

white and blue kernels. s 8 8

THIS EVENING

(The Indianapolis Times is not responsible for inaccuracies im program an. ON DIANAPOLIS PN piaNAFOLIS ST onimaco CINCINNATI WIRE 1400 WGN 1720 WLW_ 700 (CBS Net.) (NBC-MBS) (MBS Net.) (NBC-MBC) 4:00 Bohemians Fed. Women "Dell - Sal . 41s Santa, Claus News , Johnson Family Tory : Tea Tunes nterviews ree Grace 4:45 “ » Santa’s Land Melodies 8 Paul San 2 5:00 WPA Program Lone Ranger Cinnamon Boas Don Winslow 5:15 Howie Wing "08 Terry & Pirat Orphan Anni 5:30 Bohemians Dick Tracy Maritime’s Measlo Denton & Barber 5:43 Sophie Tucker Police Court Orphan Annie Lowell Thomas 6:00 s Art Berry's Or, Castain oXiin) ht Amos An 5 6:15 Lum & Abner Edwin ry Hil Conc x Sr ay 6:30 Piano Twins No Talent Wanted Bob: EE 6:45 x _Cugat’s Or. . Newspaper ot Air Inside Sports Inside Sports 7:00 Cavalcade Al Pierce Life Revue Al Pierce 7:18 "on Charioteers wo. ip Pick & Pat Richard, Crooks Lone Kanger Richary Crooks #00 Radio Theater Hour of Charm Green Hornet Hour of Charm 3:20 » » Duchin’s 1 OF, Convert on. Trib. Ken-Rad 3:09 Lombardo’s Or, Contented Hour J. Garber’s or. Trup or, False 9:30 Eddie Canter Information Pageant Detective 9:45 " f Ne E. Deutsch’s Or. 10:00 News Amos & Andy ny om Paul Sullivan 10:15 T. Dorsey’s Or. Headline News M. Ayres’ Or. Spotli ight 10:30 Cab, Calloway A. Donahue’s Or. Manzanares Or. B. Fisher's Or. Pe 10:45 "oo H. Gough’s Or. i 11:00 A. Week’s Or. Ball State-Ind. K. Kayser's Or. Moon ver ; i mht "IT doeror pg ; : . Krupa’s Or. . . 11:45 Cin nn Garh M. Brennan's Or. Jats TUESDAY PROGRAMS ; { INDIANAPOLIS INDIANAPOLIS INDIANAPOLIS CINCINNATI X WFB 1230 WIRE 1400 WIBC 1050 WLW _ 1700 ons Net.) (NBC-MBC) (NBC-MBC) 4 6:30 Early Birds Roundu Saddle Pards Lam lighters 6:45 wy Davations Cowboys hor Valley 7:00 ho» Musical Clock Breakfast Jam al Shine 7:15 " » > by » » Refer 2S 7:30 ho. ospel Singer 7:45 - "» nn» » ® Chuck Wagon 3 Hy M nt 4 Sli D B qd Bon a Ww ay Te : an 8:30 Melo dies = Baby Bulletin Top Note ers Hilltop House : 8:45 Apron Strings Better Health Devotional Linda’s Love Jr 9:00 Eity Kelly rs. Wiggs Kay Bartlett Guideposts - ih MLA. fi aes on RME gt :30. Farre c a . : 9:45 Women in White Wirges' The Goldberss *: 10:00 Mary Tayl David Harum Mon Morning Sing : 10:15 Party Line oy Lorenzo Jones Rhythm Maker's Neo Sade 10:30 ig Sister Widow Bro Unannounced News 10:45 Life Stories Editor's Daughter Old Refrains Road of Life 11:00. School Program Singin’ Sam Noon Rhythms Rditers Sausnter 111 Nancy ames Lin a's Love » x n he 1 e O'N : r cl r ur 11:45 Market Tes a Boy Greets Girl Pam Li 12:00 gt i. Back Home 12:15 Headlines Sleepy Hollow Farm News 13:30 Stepmother WIRE Reporter le ation 12:45 Holiday Good Taste Rainbow Rangers an Gilmans 1:00 Irene Reaslev Betty & Bob Dick Leibert y & Bob 1:15 Lotte Lehmann Grimm’s Daughter aio ic Moods Gitem's Daughter 3:3 30 School of Air Valiant Lady Shut-In Friends Valiant Lady : Church Hymns' Past Favorites Church Hymns 2:00 Dentist Says Progress Parade Piano Moods Mary Marlin 2s Public Schools " ’ Swing Kings Ma a Perkins > 3 Cin, Symphony Varieties Congcert ,Hour Temper z pine "3:00 mn Backstage Wite Aloha Land Kitty Keene BE mmm: Vlog | LuiMe, iusks : ea a ° ade anta’s 834 Men & 'Sooks Girl Alone Music Room Hotternelds 4:00 Bohemians I. U. Program Jamboree Hannah ins Ha Claus News Flas es Si oe Joly tm : lea Lunes asonology strong 4:45 » Santa’s Land » Paul Sullivan

KEY NETWORK STATIONS (Subject to change): NBC-BLUE—WJ2, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350,

NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670.

MUTUAL-—-WOR, 710;

CBS—WABC, 860; WJR, 750; WHAS, WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850.

820; KMOX, 1090; WBBM. 770.

CROSSWORD PUZZLE

eS st. wot Sgn

TUNE IN ONL, WIRE—9:30 — SECURE ——PRIVATE NECESSARY CONVENIENT 4 Sato Dyproiid Bon American National Bank he PENNSYLVANIA &

MARKET STREETS

gencies? Will it be sufficient?

Home Office, 30th and Meridian

30 8S. Pennsylvania St.

EDWARD B. RAUB : ~ President

ge MBE oS LL

How Much FUTURE INCOME?

Did you ever stop to consider that Tube plans for yourself and your family depend upon FUTURE INCOME? : YOUR FAMILY will need future No whether you are here or not. You'll need FUTURE INCOME for retirement years. How much will your present life insurance provide for these contin-

INDIANAPOLIS LIFE INSURANCE COMPANY.

Sir laaat

HORIZONTAL Answer to Previous Puzzle 11 Close. 1 Pictured beast [= TW 12 Japanese of the fotest. I magnolia. . 8 Geographical 14 Full of fibers) drawing. 15 Religious ° 8 It is wee denominations, colored. 1718 iS 8 wees 13 Payment NEVILLE | _ mammal, i demand, CHAMBERLAN 21 Human "14 1t belongs $0 beings the ——— 23 Suan tigris grou, = 25 Ridge. bi 5 ? Cl 27 Cuckoo. 16 Stead. C 28 House cat, 17 Penny. - 29 Silkworny, 18 Wrathy. 35 Measure; 53 Engagement. 30 Mire. 19 Russian '36 Youth. 54 Large twos 32 Place to sleepy mountain. : 37 Xioumal. winged fly. 34 To sip 20 To congregate. 38 To remo 35 i 22 Picture 88%: @2 Smoker's fool, VERTICAL 3; Tolerates, taking 43 Burden. 2 Part of 39 Being. machine. 44 Business. Roman month. 40 Braided. 24 Gold quartz, 46 Bugle signal. 3 Firearms. 41 Seaward, 25 Dined. 50 One for whose 4 Grafted. 42 Rodent. 26 Table linen. use a thing is 5 Blackbird. 45 Sun god. 30 Bulk. done. 6 Seed wings. 46 Greek letteg, 31 Lethargic. 51 Kind of braid. 7 Hole. 47 Work beast. 82 Public auto. 52 It is found 9 Astringent. 48 3.14186. 33 Contaminated, in ee, 10 To telegraph. 49 Was seated. I 2 13 |4 15 6 -_ pe 4 Ie 8 20 I° 2 i 5 27 | bi 3) : 32 vy y :