Indianapolis Times, Indianapolis, Marion County, 8 December 1938 — Page 35

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SDAY, DEC. 8, 1938 _

STONKSDROOP [TELE FACT

IN QUIET TR ADE: THE CONSUMERS FRESH PRODUSS eis BONDS RAGGED| * Aviation Shares List Small \ NE

37 CENTS . : 10 CENTS Gains; G-M News Aids

2 5 Motor Issues. :

RETAILER

ON THE RADIO

TONIGHT legiate Football Team” tonight. %:30—Tommy Dorsey, WIRE. Coach Crowley will announce the 7 :30—Paul Whiteman, WFBM. 33 outstanding players of the year 8:00—Fred Allen, WIRE. as chosen by direct poll of 500 of the 8:00—Star Theater, WFBM. country’s college football coaches. v | — Ireene Wicker, “Singing Lady” to Anthony Eden, former British thousands of youngsters, also will Foreign Secretary, will discuss be a guest. “Democracy and the Modern World” : from 9 to 9:30 p. m. tomorrow. on NBC-Blue. He will be addressing the convention of the National Association of Manufacturers at the Waldorf-Astoria Hotel » January will she in an unusually large number of major radio programs. Phil Baker, currently touring in "“Idiot’s Delight,” will be back Jan. 14 to start a Saturday evening series once move with Beetle and Bottle. A Sunday night show will pring Carole Lombard to the air on a variety and “dramatic program Jan. 15. The Screen Actors’ Guild will conduct a Sunday evening half-hour of movie celebrities appearing without salary. Fees for the program go to the actors’ union. The other two shows are the Thursday night Walter O’KeefeAndre Kostelanetz program and the “Hundred Men and a Girl” hour, which brings Raymond Paige, orchestra, chorus and a girk soloist, probably Hildegarde,

Butcher Hogs Gain 20 Cents; Vealers Drop

COPPER CARTEL LIMITS OUTPUT TO HOLD PRICES

International Group’s Act Has Immediate Effect On Exchange.

WHEAT STRONG, CORN STEADY AT CHICAGO MART

{Higher Outside Markets Are Reflected at Pit; Oats Hold Firm.

' CHICAGO, Dec. 8 (U.P.).—Wheat prices ruled firm on the Chicago Board of Trade today, reflecting strength at Liverpool and a higher Winnipeg market. At the end of the first hour wheat was up % to 3% cent, corn up % to 3% cent, and oats % cent higher. After the opening fractional advance trading in wheat in the local market became more mixed, with

scattered commission house and local selling entering the market. Liverpool wheat closed strong 1% to 1% cents higher, Winnipeg was up % to ¥% cent in the first hour. Export sales of Manitobas were placed around 500,000 bushels.

» ” ” Jack Benny opened his New York visit with a good program last week, but at the finish he was worried about the mild laughs in the studio. LThe New York audience hadn't laughed nearly as hard as they- do in Hollywood. They never do in New York, and it worries Jack every year when he goes East. Out in Hollywood, the program goes on at 4 p. m. and the crowd is largely youngsters. Naturally, the uproar is greater in the studio. Bee cause of the great demand. for tick efs on Jack’s one or two New York programs each year, the audience ‘is drawn largely from old friends of the sponsor, who don’t go into bede lam as readily as the kids in Hollywood. If we may offer a suggestion, the program is much better the New York way, where they don't have to halt every minute or two while the studio tumult dies down. ® ” ” Priscilla Lane, who was discove ered by Fred Waring as she was

A 20-cent rise today in butcher hog prices sent the top on 160-170-pounders to $7.90, according to the Bureau of Agricultural Economics. Weights under 160 pounds advanced only 10 cents. Packing sows sold weak to 15 cents lower, from $6.75 to $7.15. Fat cattle prices rallied again in

active trade. Steers were in meager supply and sold at strong prices. Heifers in plain Gnd medium grades tended 25 cents higher. Steers ranged downward from $9.75; heifers, $7 to $9. Vealers lost 50 cents from yesterday's quotations. Practical top settled at $10 with a few selects bringing $10.50. Despite large receipts sheep ‘and Jamb values held steady. Bulk of fed Western lambs cleared from $9.25 to $9.50. Native offerings received $9.25. Fed yearlings moved from $7.50 to $8. Top on slaughter ewes was $4.50.

| iad ©

SHIPPER WHOLESALER AND GROWER TRANSPORTATION ‘Science eS JOUR iil Statistics, Inc.k 12-8

N. Y. STOCKS

By United Press

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday o..ccceccceccsssss 148.73 Week Ago teivesssesvanscees 148.88 Mofth Ago cesassavesvessess 150.47 Year ARO ..coceceorcscsssocss 128.15 High, 1938, 158.41; low, 98.95. High, 1937, 194.40; low, 113.64. 20 RAILROADS

LONDON, Dec. 8 (U. P.).—The International Copper Cartel has moved to maintain the world price structure of the metal with an an-

nouncement that production will be cut to 105 per cent of she standard tonnages effective Dec. 15, and to 100 per cent beginning Jan. 1. There are no restrictions on production at the present time. The Cartel placed output on an unlimited basis as of Oct. 15, against a 105 per cent rate existing prior to that date. Recently, however, the Cartel took cognizance of the weakening price structure, resulting from a sharp increase in supplies outside of the United States and a falling off in European production, by placing

NEW YORK, Dec. 8 (U. PJ). Stocks moved irregularly in a narrow range during the morning dealings today but early in the third hour exhibited a firmer tone. Trading was light after a moderatively active opening. In the early afternoon trading, leading issues were slightly higher. Aviation issues held in the early trading. Several, including Boeing and Glenn Martin, had small gains. Motors were aided when General Motors Corp. reported its November sales at a record high for that month. The total was 200,256 cars and trucks, against 123,835 in the A J previous month and 195,136 in November, 1937. Am Can Steel shares were recovering after

nl ne . Net High Low Last Change — Ys 40.40 . -1.19 =(0.61

1,65

Allegh Corp ... Allied Mills .... Allied Stores ...

. N

14 €0 1 Cy bt bd 4d ? =

Nov. Top Rects.|Deo. Rects.

29 ...$ 7.85 12,000

Top 80

BLY

declines of fractions to a point. Oils|4

held well as did mercantile shares.

Several special issues made wide|a

gains, notably Universal Pictures

sfirst preferred, which made a new A

high at 78, up 5.

a A Narrowly irregular price movements marked a dull session on the 4m Zine

listed bond market. Domestic corporation liens eased irregularly under lead of secondary rails at the opening and held around the initial levels through the early trade. ‘Price changes for the most part were limited to small fractions. A few utility bonds and first-grade rails registered narrow gains. U. S. Government funds were mixed. Early gains and losses ranging to 3-32 point were about equal-|B ly distributed. Panama stamped 5s of 1963 fell 13 points to 43% to feature a quiet and irregular decline in foreign dollar loans.

Curb stocks backed and filled in a Se

I+:::

. .

POTN IN CR

11: +14;

thi) =

Atlas Corp ....

Bald Loco ct.. Balt & Ohio... Barnsdall

Briggs Mig . Bklyn-M T . Ya Bklyn- » ar pf 41Y2 Budd 8 Bulla ny 231 Butte Cop & Z 39%

Cal Packing.. 19% C & H.. 8

‘narrow range, showing little change sy

‘from previous closing levels. Sales in the first hour totaled 66,000 shares against 91,000 yesterday. Root Petroleum #avas in good demand at a point advance in a relatively active oil group. The preferre dalso gained a point. Gulf recovered part of an early fractional loss, while Pantepec held around its previous close. Industrials, utilities and metals all showed fractional price changes. 2 # 2 >

Today's Business At a Glance

GENERAL BUSINESS

Engineering News-Record reports awards for week ended Dec. 8, $64,799,000 vs. $68,136,000 in preceding week and $31,873,000 a year ago.

CORPORATION NEWS

American Commercial Alcohol Corp. consolidated net profit nine months ended Sept. 20, $80,437 equal to 1 cent a common share vs. $697,995 or $2.53 a common share in 1937 period. Burco, Inc., reports net loss for fiscal year ended Sept. 30, $387,139 Vs. dit profit $154,781 in preceding

yea : A terdisie Department Stores, Inc., sales for November $2,242,105 vs. $2,311,341 same period 1937; 10 months sales $19,033,704 vs. $22,641,262 last year. Zenith Radio Corp. consolidate profit six months ended Oct. 31, $648,383 vs. $1,903,008 same period 1937; profit for quarter ended Oct. 31, $523,577 vs. $124,806 preceding

m quarter and $780,824 same period Gobel /

year ago. DIVIDENDS

Chicago Flexible Shaft Co. regu- G

lar quarterly $1 and extra $1, both |g payable Dec. 23, record Dec. 13. General Candy Co. regular quarterly 25 cents and extra 25 cents on Class A, both payable Dec. 23, record Dec. 17. Grand Rapids Varnish Corp. regular quarterly 5 cents on common, payable Dec. 23, record Dec. 14. Hartford Fire Insurance Co. regular quarterly 50 cents, payable Jan. 3, record Dec. 15. Walter E. Heller & Co. regular quarterly 10 cents and extra 20 cents on common, both payable Dec. 27, record Dec. 17.

N. Y. Bonds

BOND PRICE INDEXES

20 20 20 60 Jnds. Rails Utils. Bonds Yesterday +c... 86.2 57.8 81.0 Week Ago ..... 86.3 58.5 Month Ago .... 86.8 60.9

4.2 99.6 50.0 47.9 101.2 .3

. 100.1 3 A 1936 .0 . um lg 1938, andes Statitics C x U. 8. GOVERNMENT BONDS ~ Treasury Bonds

High 3s 1945-43 .........109.25 2%s 45 107

3%s 1 3s 2%s

Low 5

Home Owners Loan Bonds

102.12 102.12 106.25 106.25

FOREIGN BONDS

2%s 3s

High Low . 86% 86% 78 78

3 Canada Fis 61 ive Canada 38 67 .......... Renmark 65 43 [overs German 5%2s 65 ....... [taly 7s 51 Fevenne Panama 5s 63st Tokyo 58 5

- Clev Un Ter 5s 1 Int T&T 58 55 .... Int T&T 4'2s 52 N Y Cent 4%s 2013

United Drug 5s 5

. 69 Young S&T 4s aL a 103%

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

4 Bi Bliss Triumphs, $1.30.

Chi Pneu T Chrysler 79% Climax Moly Co 56% Cluett Peab ... 22%

um G Col Pictures pt.. Com Credit ... Com “Inv Tr.. Com Solvents .. Comwlth Edison 35% Comwlth&So . pf 4 Cons Aircraft . 2% Comwlth Ed rts 9-64 Cons Cons Cons Cont Cont

Pri

a 25%

5 6%

S594 5 51, 6% — cone 20% cesee Bl

Curtis id cess Curtiss-Wr

Del & Hud. Dev & R A Dist Seag Dome Mines ... Douglas Air ... Dunhil

Du in "pf.. ‘ees

2 11% 17%2 1.120% 12052 a_i East Kodak ...182 Eitingon h .. 35 Elec Auto-L . a Elec B Elec & Elec Pwr & Lt.. Erie 1 pf Ex-cell-o

Fairbanks pf .. Fair Morse .... Firestone pf A.. intkote ..

sees

Gen Gen Gen Gen G&E Gen Gen Mot . 483% Gen Motors of. 12313 n Pub Sv 13 Gen Ry Sie ca en Rty & U..

Ge : Gen Refract .

53 41, 37% Ya

2 ‘8

22%

| 389h 15 Vln S . 13%

23% «. 65 1a . /a five 1 Gt North pf.... 247 t Nor Ore .... 15

HA CONDI 4 Cd Sa Lan Sa ee IP

wie Je Harb-Walk . 283% Z3% Hecker Prod ... /; Holly Sug ..... Hupp Motor ...

tt BY

—]—

2Vs

Ill Central . 15 Ingersoll Rand aig Inter R T Interlake Ir .... Int Harvester.. Int Nickel ....

Int T&T Int T&T For ..

15 11334 8s

13% 583% 53% 13 a 9

aT 0.0 oa ae

tH:

Kennecott Kresge SS ... Kroger G&B .

43% 43 . 207% 20% . 20 20

43 20% 20

4, 57s 53 98% 17% 38 N%

Leh V Coal .... 5 4, 57 53 98% 17%

20% Ma

ck Man El Taod gtd Marine Mid ...

27% 27% 27% 9 9 9

CHICAGO PRODUCE

Butter—Market, weak. Receipts, 681,456 ross lbs. Extra. firsts (90-91% score), TY% @27%c; extras (92 ory 2815¢; firsts, 26@27c; seconds, 24%2c: specials (93 score), 283, @29c; standards, 27% @ 28c; centralized (88 score), 26c; centralized (89 score), 27c. Eggs—Market, weak. Receipts, 7 cases. Fresh Rradeg firsts, on 2 Vac, less than cars, 26c; extra firsts, léss than cars, 28c; checks, 20c; No. 2, 19c; current receipts. = 25c; i No. 2, refrigerated 'e Vac: aefri erated standards, 22%c; refrigerated foe 21%c. (EoWry_-Mgriet, geese weaker, balance ay. Receipts. 2 cars, 47 trucks. as fiat : geese, 14%c; hens; @16%c; Leghorn hens, 11%c; spring a) 14@ 16c; roosters, ial Yagi broilers, 16@

17c: turkeys, 15@21 Cheese—Twins, iy @14? 3 @1I5¢; longhorns, 14% @1 be” aisles, 14% Potatoes—Supplies, liberal; d slow; market, stea Idaho and, Bur. banks, [email protected]: Colorado Red McClures, 13s @1.90; Wisconsin Ro hd Yijtes, $l@ Michigan Russet Ru North Bako 1. Bor 5: Early

Arrivals, 78; on track, | 341; shipments,

LOCAL PRODUCE

Jleayy breed brotlers., a Ibs. and over, h nder 4 3c:

Leghorn

over, 136; up. : Leghorn broilers over, Tie: olf 8 Shick over, 13c; roosters, 9 White ducks, 5 Ibs. ducks under 5 Ibs, Ibs. and over. im ik 5. 14 1b om turkeys, s. and over, 15¢; youn hen turkeys, 9 Ibs. and pver, 17c: oun breast turkeys, BS old [tom turkeys, llc; No. 2 turkeys 10c. |

1 Ie fresh

young

ountry run eges, must weigh a i S. cents h full case under 54 Jos. will be made; pullet eggs. l4c

Butter—No. 1, 31@32¢ No. 2. 29@29%ac. Butterfat—No, 1, 24c: io 2 22. Bek adley Co.)

(Prices quoted by |

DAILY PRICE INDEX

NEW YORK, Dec.|8 (U. P.).—Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 equals 100): Yesterday ....ccseepsersecsss Week Ago sececssoeneccoasnne 105. 71 Month Ago zr dnvsnshierinirns 105. 26

117.08 102

4 Marshall Fld .. Martin Gl Martn Gl rts wi 3 Mart 2 8

| Mead corp on M

105.36 |

Norwalk T

. Otis Steel — /siOwers Ill ci’, 1% 4

Yesterday Week AZO ccocccvcccssssscnse Month AZO ccccesccsssscssena Year Ago :

e! M Sb SSM LL. Mont Ward Motor Whi ....

Nash-Kelv Nat Biscuit. . Nat Cash Reg

Nat Dept St. 83% Nat Distillers. . ’ 27% Nat Le

Yesterday ecccscocceccscescoce 29.44 TWeek ARO ccocccccssccncscccs 29.78 Month AZO sceceepesssscsccce Year Ago

33.17 cesssessssssenesess 323 High, 1938, 33.18; low, 19.00. . High, 1937, 64.46; low, 28.91. 15 UTILITIES

®esscscvcsscssseccee

High, 1938, 35.19; low, 15.14. High, 1937, 37.54; low, 19.65.

Low 11 Ya

High 11%

: a 14

ves 0%

nge

I : ol Ba

Batty oi . 12%

15% Central. . 17% Ship.

9Ys 27Y 3

67%

® Pacific Ltg ....

Pet Corp Am... PRADS Dodge . 4 Phila RC1.

Phil Morris .

Phillips Pet ee B

Poo P R m 2 Public Serv ..

Pub Ser 5 pf . Pullman «..cess 3

ic A

30% -:101% 3%

secsee

Radio : Ry Sec ‘mae’.

Motor

Rep Stl pf Rep Stl pf A. os Revere Cop .... Richfield oil’ or

Schenley Dist : a

D pf.

Shell Un. Oil...

ocony-Vacuum. Am _Gold....

eb Studebaker 3un. Oil pf

Superhtr ..

veee 31a so Ti

Foxas 5, oI cone 3124

Transamerica .. Tri Cont 20th Cent-Fox 20 Cent-Fox Twin Cy R

Ulen

& Co..

Union B & P.. Usiion_ Sash .

Vanadium

Warner Bros ... Wayne Pump ..

1 Co... i Worthington .

Yellow 5 : Yellow Young Sheet .

Zenith Rad ....

sent actual bi

asa 38. 83 —Wee 6 8 Li 30% Tu 21% 11s * 113 :

39 4Y,

—Y— 18 10412 5072 19

LOCAL ISSUES

The followin

. 18 104% «eo 502

T pf..

s or offerin

indicate the -approximate market

based on buyin

recent transactions.

Belt RR & Stock Yds CL

tocks Bid 3s

Belt RR & Stock Yds pfd..

Cent Ind Power 79% pfd Home T & T Ft Wayne. 1% os gz Sook Drugs Ihe ©

*Indp Is P

| San

0a nn a Gen Re nd Hydro Eeciric Daple Od

6% & L 6% Bid: “eens

pid... Se

«97 L101 1

Indpls Water Co 5% : Life Ins

3 incoln Nat e Ins i com.. 24} Ind Pub Service 5% % pid. “ N Ind Pub Service 6% pfd N Ind Pub Serv vice oe oy

TORICSS

ndry Pub Service Go of Tod So Bub Service Co of Ind 6% oi: Bu nd & E fd + 93

So I

G 87 T Haute Title les "eo co. Van Camp Miik C

pfd

Van Camp Milk Co om. sssess 10

Amer Loan 5s 46 Citizens Ind Tel 4Y%s Crabbe Reynolds ae or 5s 42.. Home T & W 5% 55 Home T & T F

Kokomo Water W Kusner Packin Morris 5 and e | Muncie Water Wks 5% 6 Sion | Noiiertale HL & P 612% 47..

Public Tel Co Gon 4

— CORIO NW ULI NINO

nd Assoc Tel 4% 65 ndpls Railway Inc 5% 67 ndpls Water 3%2% 66

nter Tel & Tel 5

Tel Co 6%

d Water Wis 5% 5

T. Haute Water Wks 5%. . T Haute Water Wks €% 49.

p 5% Market St. Tavestment Corp. .

eymour Water Wks 5% 49.

[rack Term Cor

*Ex-dividend. (By M. P. Crist & Co.)

Net Last Change Ys 58 6

—1-1

Sea

rid EI LILLE HLH

¥% + %

quotations do not repregs, but merely

leve

e and selling quotations of

As 54

‘281, 54

2 108% 65

100 104 ‘27 75

WHEAT EXPORTS DECLINE

CHICAGO, Dec. 8 (U. P.) —World wheat exports last week totaled 11,769,000 bushels against 12,335,000 the previous week, according to J. G. Bennett & Co. North America shipped 4,729.000 bushels last week against 6,322,000 the previous week.

The weather map showed very little precipitation in the Southwest, with a forecast of fair weather for Kansas. Corn prices were firm on export buying and buying in sympathy with Liverpool and Buenos Aires. The latter market closed 3 cents higher 5 3 | yesterday. 7| corn were estimated around 500,000 bushels overnight. Local receipts were placed at 71 cars.

By United Press (U. 8. Pu Based on Sterling

Ere eh 064% $ » i - 2 66% .62%

8 Deo. ceseesae:$0. 0 68%% $028 Maréh, ‘old "+. 651% 63% March, yy + 61% £0 Ya May, oid ...e 66Ys 6 May, Dew o.o 62% 01% WAGON WHEAT City grain elevators are paying 7 red. 57; other grades on their Cash corn, new No. 2 yellow, 42c.

Ch Hiro Stocks

264% 61%

for No. mets. Oats,

5Ys

Armour & CO ccceseioe 3%

Aviation ‘& Trans .. Backstay Welt Bendix Aviation Chgo Flex Shaft Comwlth Ed rts .. Comwih Bison

SVs woe 3Va cessaans =

essen

Gen Motor oe Gt Lakes Dredge sesave Katz Drug Kingsbury Br .. Libby McN & L Lincoln Print ... Mid West Corp Midlend ned Mid Un Miller & Part pf. vee 3 Muskegon M Sp Aves 15% SW Gas & E pf ......104% Swift Bat cersesessens SIN Thompson JE essesseens i ahl C tevsessese #| Wms Oil- O-Mat 2%

Curb Stocks

High 8

23% 15%

ty 10%s

% 9%

Net Last Change — 1,

Aero Sub B .... 5% Alum Co Am ..122 an Cran ¥ vere 350% 5 Am Lave s -— y 11-1 T1-16 3 ~+1- 1 —_

Fy — Ys

Bell Air 2 Bellanca Air ee 10% Blue Rid oe % Braz T Brewster Aero . 10% Brit Am Oil ... 21% Carrier Corp .. - 17% Celt St St Elec ..

6p s | Cnalas vir Cities Ser Cities Ser pf .. Col'O & G .... Com & S wits’ . Con Cop Mns . Cooper Bes .. Creole Pet Crown Drug. ess El Bd & Sh

1-16 iA

23 1%

701 1g - 23% x

123 i «31 Tr

5Va 123% 37% 9 87%

Panu Am ir . Pennroad ... Pitts P1 G1 Un Lt & P A 2%

*M’KESSON & ROBBINS STOCKS SUSPENDED

NEW YORK, Dec. 8 (U. P.).—The Stock Exchange has suspended all issues of McKesson & Robbins, Inc, A following appointment of equity re-

n U. S. District Court at Hartford, Conn. Suspension of the issues, it was s [stated by the Exchange, was to enable the Exchange to determine the extent of the allegations made in the application for an ‘equity receivership. One of the first steps of the equity receivers, it was announced, would be an application for an inventory Jand audit. It was alleged in the application that the last financial statement of the corporation included an asset that had no existence. Stocks suspended are the $5 par common; $3 series cumulative convertible preference stock, no par value, and 20 year 5% per cent con-

CHICAGO, Dec. 8 (U. P.)—Swift 2|& Co. has announced that the board of directors of Swift InterZ|national, meeting at Buenos Aires, has elected Harry McLerie president

2|to succeed Charles. H. Swift, with

whom he has been associated 38 years. Mr. Swift, the announcement said, relinquished his position to become ’lhonorary. president, which corresponds | to chairman of He board.

Funds invested here by the TENTH day of December earn dividends figured from the FIRST day of December. Now is the time to put your vagaebond dollars TO WORK—in insured safety.

Dividends Paid July 1st, 1938, at

Colonial

Savings & l.oan Association

MEMBER FEDERAL SAVINGS &

INSURANCE CORPORATION Rlinols

LOAN

Rate of 3% per Annum,

a WE ETE

Export sales of U. S.

Com High ow Last

A 750; §tioa

ceivers for the company by the|@

vertible debentures, due May 1, 1950. ge

SWIFT NAMES NEW HEAD [Ssh

3 0:80 3 7

ev a0 7.70 7.90

2500 5761 412 5452

7.95 6513

es 195 pont! 7 7 oe 7.95 600 6183

Barrows and Gilts | Packing Sows d and 00! 275 "300. $ z 15- 7.25 90- 7.20 6 .65- 7.00

6.40- 7.00

« 000 Dec. 1

oice— 160 $ 3.33 7.90] 340- 425.. 330. 5- 7.90| 425- 550..

220

All Wei dbl Cut. ou I 5.50

rs All Wel Choi oe #$10.00-10.50 ico "% 900-10 00

Good Medium, P 7 50- 9.00 n a. 5.50 7.50 Calves (Receipts, 361)

hoice— 250- 400..$ 8.00- 9.00 Go : .00- 9.

eas

Pd fb? fd OO 3 o nN 1 1 bh sk 23000044 =I DON NOUS

S 388: ot pi bt

1 Do

2.3 woo» 10 Ie OS o ooaawm S

9.75-10.75

8.50- 9.75 i, 8.25

8.50( 1.50 7.00

Feeder and Stocker Cattle 0 - 900..$ 7.75- : 00 =1300. 7.50- 8.75

5 -1050. « 7.00- r: 75 Common. 6.25- 7.25 Good and Choices.

eifer .-$ "1 .00- 800 utter Common an |i Suey 3.75- 5.00 medium 5.00- 7.00 SHEEP AND LAMBS ty, 3269) Lambs

...$ 9.00- 9.50 Medium ..$ 7.00- 8.50 i 8.50- 9.00/Common... 6.00- 7.00

Ewes

Good and Choice ....cce.osess.$ 3.50- 4.50 Common and medium ... 2.00- 3.50

CHICAGO ) LIVESTOCK

Hogs—Receipts, 18,000; directs, 3500; markei, shite, fully Steady, o 2 +7! few gar sa es} 0 nts o ¥ and choice 160-290 lbs., Ah 35@ a1. a paid freely; good mediumweig zht heavy fei to of SOW $6. 90@ 1. 15: dh lightweights to § Sheep—Receipts, 7000; no hs: Wecnesday fat lambs steady to strong, Shois 10 cents higher; bulk, [email protected]; Pack. er top, $9.35; one load to shippers, yearlings steady: medium to ¢ oice, $6. 2% Bs: ey s trade fat lambs Souye, UE spots shade higher; top, $9. $9.25 down; Sheen, steady; Lo ig oy a to $3.7 C2 L: oceipls, 5500: calves, 1200; market less active than Wednesday; shippers and order buyers Paying steady prices for strictly good and choice offerinugs; killing quality much less desirable than Wednesday this tending to soften apparent decline on common, medium and ordinarily good grades; bulk steers of value to sell a $3.75@11; best long yearlings. top $12.50; several loads yearling as well as weighty steers, $11@12; heifers, steady; bes $10.15; light heifers sold up to $10. 50 late Wednesday; cows steady to weak; bulls strong to shade higher; - .vealers 25 cents lower at 82 [email protected]; weighty sausage bulls up do $6.8 $: no thin sto siockers here; moderate supply war arlings * light feeders. going back Pach PA bo [email protected].

OTHER LIVESTOCK

CINCINNATI, Dec. 8 (U. —Hogs— Regeipts, 2500; none direct; my market, fairly active, generally cents $7.90; 200-225 1bs., $7.70; 100- HY ne. fo 555 Qn. 40; bulk good ‘packing sows, $6. [email protected]

Cattle—Receipts, 350; faves, go market fairly active on light Supp! steers and heifers strong to 25 cents hig er; COWS and bulls steady; few around 1050- 1150-1b steers, [email protected]; several lots merely good light mixed yearlings; $8. eh load near 00- ood fed heifers, $9.35: goo f 20s low cutters and = cutters, mostly $3, 50@5; top bulls, $6.75; vealers, about steady; top, $11 Sheep—Receipts. 650; none direct; market ny. quality and condition considered: run includes double-decker rail arrivals and around 300 head fed Westerns; new sales good trucked-in native lam $99.50; common and medium, $7@8. 50; bulk fed Westerns good grades from $9@ 9.50: 50 head strictly choice rail arrivals, $10.15; slaughter ewes mainly $2@3, FT. WAYNE, Dec. 8 (U. P.).—Hogs— Market 10 cents higher: 160- 180 lbs.. $7.75; 180-200 lbs .65: "200-220 1lbs., $7. 55; 220240 lbs $7. 45; 24 bs.. $7.35; 260-280 1bs. oF 30; 280-300 lbs..

$7.20; 325-350 lbs., $7.15; 40. $7.60; 120-140 lbs., $7. 45; 100-120 1bs., $7. 30. Roughs, $6.50; stags, $5.25; ‘calves,

$10.50; lambs, 9. LAFAYETTE, Dec. 8 (U. P.).—Hog market, 15 cents hier: 160-190 1bs., ETA 65@ 3. 190-250 lbs,, $7.45@17. 65; 250- 400 '1bs., [email protected]; pigs, .50 down; _roughs, $7.25 down; calves, [email protected]; lambs, $8.50

@9.

and

FOREIGN EXCHANGE

NEW YORK, Dec. 8 (U. P.).—Following are noon cable rates on major currencies: Cable Rates Net ShEnge England (pound) 4. S14 0 15-

Eng. (60-d bill Fate). i (dollar) ... France (franc) ..... Italy (lira) Belgium (belga) Germany (mark) Germany (travl mrk) Switzerland (franc).. Holland (guilder) Sweden (krona) «... Norway (krone) .... Denmark (krone) ...

U. S. STATEMENT

WASHINGTON, Dec. 8 (U. P.).—Government expenses and receipts for the current fiscal year inrough Dec. 6, compared with a

-16 :0263 —.0000% 6%

2 226 SA3Te 000374 2406 = —.0008% 23 —.0007 2085 —.0005%

sess

yea

Expenses ..$3,846, Rece ipts _. 2, 301. f.. 1,545,

Customs ...

INDIANAPOLIS CLEARING HOUSE Clearings .ccosecesscsscsasassosss $2,755,000 Debits 00

«.. 6,240,

FOOD PRICES

CHICAGO, Dec. (U. P.).—Apples— Michigan Soe ios, bushel, $1. 001 75. Sweet Potatoes—Tennessee, bushel hamers, 15@5¢c. Carrots—Illinois, rishel, $e 0c. Spinach—Illinois, bushel, 40 5c. matoes—Florida, lugs, a3. 25. Ca ali flower—California, grates [email protected], Peas —California, hampe 3.65¢ 455. Celery

—Michigan Square, Pe ates, 2 Market (50-poun sacks)—Idaho Sweet nish, 90c@$1; Minnesota Yellows, 62% abe: Utah Sweet Spanish, 95c¢.

NAT

a 110 per cent limit on output beginning next year. Since that action, prices have weakened further with the result that current quotations are almost 1% cents a pound below the high reached in mid-October. The new move by the Cartel was not unexpected in view of wide-

0| spread reports the past week that

the restrictionists—who control production outside of the United States—were upset by the recent trend of developments in the industry. Spot copper on the London Metal Exchange jumped 1 pound to 43% pounds sterling immediately after news of the Cartel’s action.

s WEEK'S CRUDE OIL

OUTPUT DECLINES

Rise, Institute Says.

NEW YORK, Dec. 8 (U. P.)— Average crude oil production for the week ended Dec. 3 dropped to a level well below the preceding week and the Bureau of Mines’ estimate of daily needs, but gasoline stocks continued their seasonal rise, according to the report of the American Petroleum Institute. Crude Oil production for the week averaged 3,223,650 barrels. daily, compared with 3,260,900 barrels in the preceding week and with 3,387,000 barrels in the corresponding 1937 week. The Bureau of Mines’ estimate places the nation’s require-

age of 3,305,800 barrels a day. Stocks of finished and unfinished gasoline as of Dec. 3 totaled 69,155,000 barrels against the preceding week’s revised total of 68,736,000 barrels, and compared with 71,244,000 on the corresponding date a year ago. Stocks of gas and fuel cil were estimated at a total of 151,617,000 barrels, compared with 153,634,-

year ago. Imports of petroleum for domestic use and receipts in bond at principal United States ports during the week totaled 1,180,000 barrels, a daily average of 168,571 barrels, which compared with the pre=vious weeks 133,429 barrel average,

ELECTRIC OUTPUT AT YEAR'S PEAK

NEW YORK, Dec. 8 (U. P.).— Electricity production in the week ended Dec. 3 rose to the best level since Sept. 3, 1937, when the record high was established, according to the report of the Edison Electric Institute. : Output for the latest week amounted to 2,285,523,000 kilowatt hours, a gain of 6.2 per cent—the best of 1938—over the corresponding 1937 period. In the preceding holiday week, the total of 2,183,807,000 kwh. represented a gain of 5.7 per cent over the 1937 period. the week ended Sept. 4, 1937, when the record high was set, production amounted to 2,320,982,000 kwh. All of major geographic regions participated in the week’s gains.

[SUGGESTS COTTON PLAN

NEW YORK, Dec.

Co-operative Association has put forward a cotton program based

‘lon a permanent acreage between

26,000,000 and 28,000,000, and retention of existing soil-benefit payments. The Association would encourage producers to sell each crop as harvested and in place of a Federal loan give the farmer a sum equal to the difference between the market price and parity level.

ham coach, will name the winners of places on Kate Smith’s “All-Col-

trying out a song in a New York music shop, will make her first appearance with Bing Crosby and Bob Burns Sonigtts

2 THIS EVENING

(The Indianapolis Times is not responsible for Inaccuracles in pro nouncements caused by station changes after press time.) PrUYZU Aw CINCINNATE

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Minate Int’views Santa Cl us KEY NETWORK STATIONS (Subject to change): - NBC-BLUE—WJZ; 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350; ‘ NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—WABC, 860;"WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. : MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850.

In|.

8 (U. P)—| “|The publication of the American

INSURANCE Protests; : a

CHART SHOWS HOW SAVINGS GROW AT

Compound We operate under: Dividend Federal Supervision and’ : all accounts are insured up to $5,000 by the Federal Saving &

Rate! Loan Insurance Corporation. Washington,’ D.C, an instrumentality of the Federal Government, 3

SAVINGS & a ASSOCIATION of INDIANAPOLIS 23 W. OHIO ST:

EET ' NEW ISSUE

LIBERTY

’

This offering is confined to and no sale will be made except to actual residents of the

State of Indiana.

84, 100 Shares ELECTRIC COMPANY

1915-25 Madison Avenue, Indianapolis, Indiana.

(An Indians Corporation)

COMMON STOCK ($1 par value)

Offering Price: $1.50 Per Share

Liberty Electric Company manufactures principally electric ‘household utilities appliances, including electric range heating elements, electric heaters, electric corn poppers, electric roasters, electric sun-ray health lamps and electric table stoves. .Its products are sold nationally through department and chain stores, mail order Bouse, : utilities companies, jobbers and dealers, ete. Present financing is for providing the company with additional working capital and marketing advanced type of electric range heating unit to a large potential market. Officers and Directors of the Company are: Carl L. Rost, hardt, Vice-President, and Fred F. Lehr, Secretary and Treasurer. : ~ Copies of the Prospectus may be vga o only from licensed Indiana

President; Carl J. Wein-

investmen

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