Indianapolis Times, Indianapolis, Marion County, 14 December 1938 — Page 27

3 in Oct., $90,351 vs. net income $88,455 like period 1937; 10 menths net|p

3 3

STEEL SHARES, AVIATIONS LEAD STOCKS RALLY

; Trade Passes Million Mark; Rail Bonds Advance; Curbs Higher.

NEW YORK, Dec. 14 (U. P).— Trading on the Stock Exchange today crossed the million share mark in the most active session since Nov. 10. Prices rose fractions to 2 points under the lead of steels and aviation issues. Bethlehem Steel reached 747% up 2, while U. S. Steel was up 1 at 65%. Aviations were up fractions to nearly two points with several at new highs for the year. Railroad issues strengthened and other. transportation issues were higher, featured by Greyhound which made a new high at 217%, up 3%. Chrysler gained more than a point. Rails led an active advance in domestic corporation bonds, following the action of the stock market. Medium priced and speculative carriers attracted most of the early demand. Southern Railway 6s led the better grade section higher with a 1 point gain at 71. International Telegraph & Telephone liens moved up more than a point in a firm utility group. Manhattan Railway 4s of 1990 gained nearly 2 points. mand at slightly improved prices. U. S. Government loans rose 1-32 to 3-32 point in a quiet trade. Italian issues advanced fractions to more than a point in an irregularly higher foreign section. Latin American funds eased. Curb stocks pushed up fractions. to more than a point in fairly active trade today. Fractional improvement was noted for most industrial leaders. Among higher priced issues, Midvale advanced 13 points to a new 1938 high at 110, while Aluminum Co. of America rose 1% points to 126. Newmont had top gain of 13% points in the mining group. In the utility section, Electric gained %_point to 30%. Oils were firm. »

Today's Business At a Glance

GENERAL BUSINESS

American Petroleum Institute estimated daily average crude oil production week ended Dec. 10 at 3,245, 100° barrels vs. 3,233,650 in preced-

® =

1937.

Bureau of Labor Statistics reports|c

retail cost of food declined 4-10 of

1Am Am Al

Steels were in de-|Am

Bald Loco ct.. Balt Balt & Barnsdall Bendi Beth Steel 73% Beth Steel 7 pf.1077% -Knox . 16%

"WHERE, THE WORLD'S ‘COFFEE GR GROWS.

METHEMAND 3,2 MILLION “QUINTALS

Cray

ARIBBEAN 4 27 MILLION QUINTALS

COLOMBIA 246 MILLION

QUINTALS

»(1937-8)7

- AFRICA \~ 15 MI LLION QUINTALS 1

BRAZIL 15.5 MILLION * QUINTAl®

' Science Service—Piciorial Statistics, Ine. 12-14

N. Y. STOCKS

High Abbott Lab .... 30% Air Reduc .. 63% Allegh Corp 1% Allegh Lud sti 25% Allied Chem ..183 Allied Stores . ii»

Bosch .... Br Shoe ... 46% Can. Ya Car&Fdy .. 30 aral pr: . 47% Crys & F 5 $ Hide&L

Loco pf . Mach&Fdy. 1478 News 3 Rad & S8.. 17% Roll Mill .. 20% Safe Razor. 14% mp Build. 30% smelt .... Stl Fdies .. 3575

Am Am Am Am Am

m Anaconda Anchor Hock Gl 20% Armour II Vs

Armstrong ck. 83%

Fioom

Ate BISON... cee agi Atl Refiniis. 22% Atlas T 6 Avior RD

'D.. TV

7 a

x Av’... 24

American Gas & Bos den

Byron Jackson.

Cal Packing .. Calumet & H.. Campbell Canada Dry .. Can Pacific .... Celanese Celotex : Cent Aguirre .. oe Son nt Ve ing week and 3,414,450 same period | Certain teed C

Wy..

1 per cent between Oct. 18 and|on mike CRI&P 7

Nov. 15.

Edison Electric Institute reports &

ysler week ended Dec. 10 electricity pro-|gif vod

duction 2,318,500,000 kilowatt hours, second highest level in history, vs. 2,285,523,000 in preceding week and 2,196,105,000 in corresponding period 1937. Newsprint Association of Canada

Colgate-P-P . So ] el & Iron =

= Com Inv Com § Comw Comwlth & Comw

& So pf. reports North American newsprint|Cons Airerate” 3

production in November at 353,329 tons vs.

_ 660 same period last year. 2

Cons Cons 351,605 in. October and 398,~ Sons Cons

Rubber Manufacturers Association |gons Oil

] Eo ... 29g Edison G 102 Mim ..... 1%

ns Coal vtec. .

reports November crude rubber con-{Cont Bak A.... 19

Can

sumption in United States 46,048|S30f Gang. long tons vs. 40,333 in preceding|Cont Ins ...... - 38 month and 34025 in similar period Cont Sif pei:

last year. CORPORATION NEWS. Associated Gas & Electric system

Cream Crown Cork ..

Cont Steel 6 Cont O rts wi. "21-64 Crane Co 37Y2 Crane Co cv pf.106

Wht ... 2578

3912

week ended Dec. 9 net electric out-|Cr Crk cu pf wy 371

put 98,225962 kilowatt hours up 1937.

International Petroleum Co., Ltd. Deers & Co net profit fiscal year ended June 30, Pel &

$28,771,150 vs. $26,316,088 in preceding fiscal year.

& DE&RGW Df +o. Diam

Crown Zeller pf 86' Curtiss-Wr 67%

9 2-10 per cent over like week of Cutler Han A. 26%

tler-Ham

eo.

eee 20 eee 21% 6%

& Hud w

T M..... 8%

Lehigh Valley Railroad net loss DE er A. as

loss $3,314,355 vs. $909,260 in 1937 period.

National Tea Co. four weeks end- [E!

ed Dec. 3, sales $4,404,755 vs $4,783,932 like period last year, off 7 9-10 per cent; sales for 48 weeks ended Dec. 3, $50,861,954 vs. $57,675,512 last year, off 11 8-10 per cent. Standard Gas & Electric Co. sys-

Dome Douglas Air ...

Ex-cell-o

Fair, The Fair Morse .... 39 Fajardo Sug ..

31% 75% Pont ......148

—E—

Mines ... u

Elec Auto L .. 347%

- 1034 8% 1% es ... 14% cesrse 22%

verse

tem week ended Dec. 10 electric out-| Eid P

put 115,433,235 kilowatt hours, up 3 9-10 per cent over like week 1937.

DIVIDENDS

American District Telegraph Co. of New Jersey $1.25 on common pay-

amount Sept. 20. Canadian Dredge & Dock Co. Ltd. $1.00 on common payable Jan. 31 record Jan. 17 vs. $1.00 Jan. 31 this year. Cliffs Corp. 15 cents on common

10 cents on April 1. Garlock Packing Co. 75 cents on common payable Dec. 24 record | Dee: 17; total payments this year $1.50.

DAILY PRICE INDEX

NEW YORK, Dec. 14 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 equals 100): Yesterday eevee scee se eet®er ..104.51 Week Ago cass essen essere 105.36 Month AZO ..coeeveeseeesess.105.74 Year Ago ssvesces ceeettunase 117.31 | 1 1938 High (Jan. 10) ...e.....117.06 |In 1938 Low (June 2) ...........10243 (In

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

cu cv pf. Freept Sulph ..

Gen Gen Gen

able Dec. 28 record Dec. 15 ‘vs. like Gon

Gen Gen Gen Mills Gen Gen M Gen Gen Gen Stl Gen payable Dec. 21 record Dec. 16 vs.|Gen Gillette SE... Gimbel Bros Glidden .. Goebel Brew

Good

Good Grant W Gt North pf . Gt West Sug. Greyhound Greyhnd 3% a Bt 12% Gulf Mobile&N

106 28%

Am Inv . Am Tr ... 54% Baking ... 9% Cable ooo 55% Cable A . 31 Cigar 22% Elec 422 aver TY Mills pf . 125% otors ... 49% Ry Sig ... 22 Refract . C pf.

77a

Thtre : : T&R .

rich .. Fon pt’ Goodyear . Ya year pe ..103 ess 2478 . 26% - 25% 21%

Good

Hecker Prod ... 10% Herc M

d Her . Hudson Motor.. 1%

malas 3 Central 36% 1 Cent p

27% 27 Ingersoii PRand’ as 114

Jaspiratn ? wo. : 15% Insshs c¢ 3 Ma. . Es . : 29 Interlake Ir .. 13%

n & veces 9%. Int T&T For... 9% —— Johns-Man 1041; Jns & Lgh 7 pf 63%

14% 42% 20

Kayser Jul ar Kennecott Kresge SS

8% 8% 177%. ! 24

19%

86% 15%

2 137% 59%

13% 48Y4 IY, 9%

41/3 62%2

147, 42%

Lee Rub ...s.. 26%

e 117% Lerner Strs ... 31% Liggr & My.... 99 Ligg & My B... 99

26% 26 117% 31% 99 99

State Building Activity

Net Last Change o| Yesterday ......cc.ceee.....,149.59

59%2 632 1Ys 25%

By United Press

1 HH

12 |NYC & 8

74| Norf&W pf

“0 ’ oe

H+)

| +: Tea,

Pt 2 ae

-»

. .

++: te

PH HHH HEE

FH b+ SEES eae

+++

+ hb

1932 15

ass

193%

1936 1997

1938 Caloris Bucous of Busan Boas:

Mack Tr cesses 28%2 : y RH

» | Owens Ill Glass 68

28% % Pac West Oil .. 10% 41;

Radio

»| Safeway 7 pf..105 ad. ... 43

- a

RES

a | Woolworth | Worthington ... w

DOW-JONES STOCK. AVERAGES 30 INDUSTRIALS +0.94 +0.40 —3.12 +0.69

Week ag0 cccoeoscecccacsces.148.73 Month ag0 ccccoveccsssccssce..151.54 Year ago ..... 124.19 High. 1938, 158.41; low, 98.95. High, 1937, 194.40; low, 113.64. 20 RAILROADS

vetoes osesrtsccssss

eres s esses san ss

29.86 29.44 31.28 31.38

+0.41 +0.31 —0.67 +0.08

Yesterday Week a0 scocescosecsreraens Month 280 cceveccvecccsesss Year ago

High, 1938, 33.18; low, 19.00. High, 1937, 64.46; low, 28.91.

15 UTILITIES Yesterday .....ccocieeee.. van 3

Week 320 ..cevccrecsrrensce Month a0 ccccccvscosevscsss Xear RZ0 vovveiinnsvise rinses

High, 1938, 25.19; low. 15.14. . High, 1937, 37.54; low, 19.65.

css ees ses00000 000s

+0.22 -—0.05 =0.70 +0.11

Low 46% 58

Net Last Change 46% + 1% 58 +

High ink, Belt ..... on

Vg 58 Ya Lotiiarg vereea20% 20% —M— 28% Ma conees Y Perr l Sug ... aracaibo ZX . arine arshall Ha oe 17% lartin Gl .... artin ro rts..

0 eo 1Y Eee) “1st pf. . 281; iami COD .... 11 ident Pet .... 15%

ease 52% 18

N Ch & St L... 23 Nach Kelv ..... 83 Nat Acm

Dil oe pa a Saas

+4 1+: H+ ERE de

y «35 : Newport Ind ... 157%

N Y Central .. 183% StL ... 16% N Y Ship ..... 1{i> Norf & West «173 ...107% 21%

1 07% 107 No Amer ...... 21%. 2115 No Am Avn ... 37 17 a7 No Pacific .. 1: 11 No St Pwr of. “102 102 —O— Ohio Ofl ...... 9% Otis Elev ...... 27 Otis Steel 13% Outbrd Marine. 22

11 102 9% 13Y, 22 68

9% 7

Pac G&El Packard - a Paraffine Co .. V2 Paramt Pict .. 12% Para gies 2 of. 12% Penn 3 Pan Tn Airwys 16%; Penn D C

Phelph Dodg -. 4317 ep. 0: zg ou /a Phil Morris ... 911% Phil Morris, pf. 13812 : Phillips Pet ... Pitts Sc & B.. Pitts & W Va Port Ric-Am A. 2 Press Stl Car.. 31% Procter & G.. Public Serv ... 6 Bi:

FHF EE LE

ee ole “oe. “ee eo 00

+: +)

10% 10%

e Oil Pure O 5 pf... . 79% 9% 479Y;

eading id em-Rand Reo Me a Sem Va epublic 23 Va Repub S ot 8 . 314 evere Cop . Reyn Spring Re Tob B.. Richfield -Oil...

1% 14 : 15%

2 8s

a 8%

104% 1043 5 Jos Le 5 Be

srt HHH +

oo o

I++ a

+ 2

roo

Hompsen Pr. homp Star nfd id2 W A O

++:

+ EE

. . . .

Fae FEES 8

+1 HH

Univ Leaf T.. Victor Chem... 20% Wabash oa

84 “20%

33 50

84 20%

1% 21; 50

8 6 Wes Oil&S of..

. 28 79% W Pa El 6 pf.. 91 Pa P.6 pt... 115% f...1237;

28 9Ya 91 115% 123%, Ya

7a 23% 28

2 116 2 203% 72

FENFER FER

Wrigley ....ceee ¥

atl l+ +

Yellow TE .cvet we Young Sheet .. 52 Young Stl Dr... 25

Zenith Rad..... 18%

18% 52

18%

| Wheat prices ruled steady in a dull

+|lcars of wheat.

, | Rich Oil cv 4s 52

8 24%, @25Yc;

p| and white Rock springers,

. with a year ago:

-§ Receipts

RULE STEADY IN | DULL TRADING,

Buying Interest at Low Ebb But Weather Reports Aid Market.

CHICAGO, Dec. 14 (U. P)—

session on the Board of Trade today, despite weakness in outside markets. Wheat was unchanged to up % cent, and corn and oats were unchanged to 1% cent lower. General, interest in wheat was at a. low ebb. Unfavorable reports from the Southwest indicating further deterioration of winter wheat in large sections had a constructive influence, but no active buying developed. The weather map showed clear weather in all sections except the Oklahoma and Texas panhandle, and the foreeast was for, fair and warmer. Liverpool wheat closed % to 7% cent lower on absence of demand for actual wheat and fear of pressure from the Argentine and Australia. Winnipeg lost % to % cent in the first hour. Export business in North American wheat was confined to about 200,000 bushels of Manitobas worked from the Pacific Coast. Corn prices stayed close to previous closing levels in a slow trade. Scattered selling at the opening in-

port was uncovered: at fractionally lower levels. No export business was reported. Buenos Aires corn ‘was firm. Local grain receipts included an estimated 106 cars of corn and 18

WAGON WHEAT City in elevators are paying for No. 7 red 580: other gLades on their merits. Cash corn, new No. y.llow, 42c. Oats, 22c.

LIVERPOOL WHEAT (0. 8. Re a on Storing

§ 65h 5 04% 8 8% 8 Close 65 4 8 : 63 os 63% .63% 60% 84% 61%

cesecnss

March, old .. March, new.. May, old .... May, new ...

N. Y. Bonds

BOND PRICE INDEXES 230 20 Inds. Rails Yesterday ..... 85.8 58.2 Week 220 ..... 36.2 57.8 Month ago .... 87.1 62.2 Year ago ...... 81.6 72.8 Two years ago . 94.8 100.0 1938 high ..... 87.3 70.0 1938 low ...... 74.9 47.9 1937 high ..... 95.0 101.2 1937 low ..sv.. 80.1 69.3 1936 high ..... 94.8 © 100.4 106.2 100.2 1936 low ...... 90.0 84.7 103.5 93.3 (Copyright, 1938, Standard Statistics’ Co.)

U. 8 GOVERNMENT BONDS Treasury Bonds Low Last Jheh 107 118. 30 104.6 104, 5 102.

61%, oa 60%

20 60 Utils. Bonds 98.4 80.8 99.0 81.0 99.3 82.8 94.4 83.0 105.7 100.2 99.7 83.0 87.3 - 70.7 106.0 100.7 92.3 81.1

2% 1947-45 .vco..00e0l 7 414s 52-47 reg eres 108 ig is. J 234s 1954-51 .........104.6 27s 1960-55 .. sey usesl0t 15 lo ta 2%s 1963-58 2.23. 102.23

Federal Farm a Bonds 3s 1949-44 109.29 -109.29 Home Owners Loan Bonds 3s 1952-44 ...... s....106.27 106.27 DOMESTIC BONDS

High A 95.... 18 ess 116% 107

109.29

Low O ref 5% 17% O ref 5s D 2000 16

O 4'25 60 CV o.oo.

B B 4 B

105 Oil 31s 52°...105% FOREIGN BONDS

High iow . Jo Ya 98%

Tide Wa

Argent 4s 72 Fel esoves Australis Sigs 3

Cuba 5'%s 45 ...

Swine Higher

for poultry, struck a dull spot. scarce and heifers sold slowly. Mostly heifer sales ranged from $7 to $9.25. to $10 top.

Good and

cluded some hedging sales, but sup-|g,

Good le 6.00- 2.50 Medium .. h Common.. Low cutter

Good and Ra ‘Common and medium ......co000

CHICAGO LIVESTOCK

ket, late Tuesday, mostl top. $3.715@4. 5;

8.75; steady on shee

ket

ral loads medium steers grading good and order buyers; load or so outstanding yearlings and light steers stea dy; but others

Mah sell crop, $8. 0) dium weight steers; several oie $11.50@ 06.27 $7 Last |$8@9; meaty feeders

with recent EL : is fat cattle; warmed up kinds, $7.5 4

Adams Po & G88. 0: ree a Rat ae

Autom Washer .... . als Chalmers .....ss. Bendix

At $7.70 Top; Vealers Rise

Local hog prices recovered 15

cents of yesterday’s loss as receipts dropped off to about 5000 head. The top moved up to $7.70, according to the Bureau of Agricultural Economics. Packing sows shared the upturn, selling from $6.50 Bo $6.85 for the most part.

on 160-170-pound . butchers

With the pre-Christmas demand ‘the cattle market Steers were Vealers advanced 50 cents

‘Fat lamp prices were steady with

fed Westerns taking the top at $9.50. Slaughter ewes were in scanty supply, unchanged at $4 down.

Rects. 2000

32 $130 5001

Top : Rects.| Dec. .es$ 0

7.00 7.90

Top ees $ 7.90 7.80 5.55 0,

6 7 8 ... 9

sees

Barrows and Gilts | or atking Sows’ 275 300 § 8.90- 1.10

Choice— 340- 425 65425- 580.

140- 150 3 7.25« 7. my s 40- 6.75 160- 7.60- 7.70 . 6.15- 6.75 7. .60 Siaushier Piss 1. 35- 7.45/Good and C . T7.25- 7.40| 100- 140 c 5 oe T40 290- 350. 7.15- 7.25 Medium.. 6.65- 7.2

- CATTLE (Receipts, ivan)

‘Steers Choice— . 10.00-11.50! 10.50-12.25

bd Weighiz $ 6.25- 3 g0 : Medium.. 4.75 -5 . 11.00-12.50| Cut., Veal 4. R15. 5. 30 = e » vagus A ore i '$ "9.50- 0 00 ” oice . 87-10-50! Good... 9.00 9.50 9.00-11.00 Medium. i) 50- 9.00 mmon ve. 00- 7.50

9.00-11.00 cult and Cal (Receipts, 403)

7.50- 9.00 Tg 9.00! 500.5 3.00. 3.0 7.00-

n Pla 750-1100. 6.50 7. sol 2 8 Heifers 15-1075] “°"Fe 3.7510: Stocker Cattle

' 8.50- 9.75/Good— - - 900 § 7.75- 9.00 1:00- 8.25) gng-1300 Mo 7.50- 8.50

01080.. 7.00- 7.15 _8.00- 7.50 :

-1050. . Common. ¢. 25- 7.25

Heifer Good — Chotce— EEC E00 Ben La 200 5.00- 5. 50 medium 5.00- 7.00

& cutter 3.75- 5.00]

SHEEP AND LAMBS (Receipts, 83) Lambs Ewes

ommon-— 550- 500

Choice ee 8 2.9- 9.50 Medium ..$ 7.00- 8.50

6.00- 7.00 3.50- 4,50 2.00- 3.50

0- 9.00 Common. .

Hogs—Receipts, © directs, 4000;

market, i active; > 4 0 1 cents, mostly 10 cents h

50-510: ight ey [email protected]; ex-

4 Sheep—Receipts, 9000. “directs, 3000; marfat lambs and yearlings 25 cents lowers sheep steady; lamb 9.10; bulk, 8.715@9; slaughter ewes, av trade. slow, fat lambs weak to 15 cents lower; Saigo bulk, $8.60@ best to shippers, $9;

tHe Receipts, 9000; calves, 1500; Anished 2 e

treme ‘weights,

marsizeable run well and li steefs here; weigh ter, steady to

ry dull; Sizealle share today’s steer crop J 50 Yp¥ard; 11.50; up to $13 paid for me12.75; all she stock slow, ee most fat, $5.25@6; cutters, [email protected]; heifers. ; best around $10.50; bulls. .6 k to 15 cents lower; vealers,|G lower in athy

0@8. : Chicago Stocks Hien Low Tash

63 63 147%; 1410

54 | Ni

10% Ya

vial covessense

3erghoff Brew essssnnen

ruce E L ... 3utler B 5 cv pf.

Denmark 4%2s FT German 2s 65 Italy caime ts sys Fan Sins 65 lia.

CHICAGO PRODUCE

Butter—Market, weak; receipts, 628, 183 gross Ibs.; extra firsts (90-911, score}, 25% @26%c; extras (92 score), 27%c; firsts, seconds, 24c; specials (93 27%@27%¢; standards, 26Ysc; centralized (88 score), 24c; centralized (89 score), 251z¢. Eggs—Market, easy; receipts, 3207 cases; graded firsts, less than cars, 26%aC; gis, less than. cars, 27%¢; checks, No. No. 2, 18¢c; current receipts,

sevv ee

649,

score),

fres gx,

Comw, Comwlth Edison «ee... hy pf

t Tincolte: Bs Print

Chicago Co th aan

13] are noon cable rates on major currencies: | $54 Net Change | .00 11-16

London Pack .....ceersee Manh-Dear Merch & Mfg of. Miller '& Hart pf.. Nat Battery ah Standar

ccses sessen

306; irs No. 1, 2c, No. 9c; reards. 335; extras, 22Vac; refrigerated stapd22c; refrigerated firsts, 213c. el oul try—Market, steady to firm; receipts, car, 41 trucks: ducks, 13@14%c; geese, 15¢; hens, 13@16%c; Leghorn hens, 11lac; Ss ring chickens, 14@16c: roosters 11@ 1c: broilers, 15@16c; turkeys, 17@24c. Cheese—Twins, 14Vs@1434cC; i 14%; @15Yc; longhorns, 14% @15Yac. Potatoes—Supplies, moderate; demand, fair; market, generally steady: idaho Russet. Burbanks, $1.63% @1.75; Colorado Red McClures (cotton sacks), (burlap | @l. Whites. : North Dakota Bliss Triumphs, $1.40 @1.s0; Cobblers, $1. [email protected]; rly Ohi 64; 323: = ship-

Arrivals, on 431.

ments,

LOCAL PRODUCE

Heavy breed broilers, 4%2 lbs. and over, 14c; hens under 4!, Ibs.,. 13¢c; Leghorn hens, 9c; heavy breed hens, Lc; Barred 1%; 1bs. and 1% lbs.

track,

1 Ta Ibs. and

over, 13c; colored springers, and

up, 12c; Leghorn broilers; 13:: ‘old roosters. 9c. White ducks, 5 bs. and over, 10¢; white ducks under 5 lbs. 8c; .coloréd: ducks, 5 Ibs. and over, 9c: colored ducks under 5 Ibs., Tc; geese, 9-12 1bs., 10c; young tom turkeys, 15 lbs. and over, 15¢c; young hen turkeys, 9 Ibs. and over, 17c; crooked breast turkeys, Be: old tom turkeys, 1lc; No. 2 jurkeys No. 1 strictly if country run egg 24c; each full case must weigh 54 lbs. 4 over ;a net deduction of 15 cents for each full case under 54 Ibs. will be made; pullet eggs, 1l4c. Butter—No. 1 3a ze: No. 3 29@29%ac. Butterfat—No. (Prices es by Sadiey “co. Ye

U. S. STATEMENT

WASHINGTON, Dec. 14 (U. P.).—Government expenses and receipts for the current fiscal year through Dec. 12, compared

This Yea Expenses .$3,985,172,7

Last Yea: 13. 22 $3,304,109, 436. 66} Aes

2,620,550,115.39 gaz, 559, 321 27

0, 46,391,7171.2 763. 3 2, for, 372, ‘343. 47 719,676,376.20 1225,396.52 Pub Debt. ‘38, 672,076,437.28 37,116,861,456.33 Gold Res. .14,378,421,606.81 12,764,877,122.43 Customs .. 148, 514,730.¢ 69 196,008;470.59

; INDIANAPOLIS CLEA CLEARING HOUSE Clearings ..... rie sna eae ea . 84 ST 00 Debits ...c.uvua aude OD

Quaker Oats Sterling Brew ..eces..s Swift & Co.

Zenith Radio .

10, indicate the DLN ata market

recent transactions.

Ind G & E 4. T Haute Title Elec co com.... Van Camp Milk Co Van Camp Milk ‘Co cOM.c ones

Amer Loan 5s 48.... Citizens Ind Tel 4iGs “61.

r Wks T Haute Water Was a3

inti tieh L/S

Peoples GL&S

sss sevebans 18% 14 1% 5 45 17%

LOCAL ISSUES

- The followin quotations. do not repregs flerings, but merely ev ased cn buylng and selling ‘quotations of

Stocks

Li R R & Stock Yds com... 52 Cent Ind Powes 7 Home T Hook Drugs inc ¢ Ind & Mich w pla hd GTreC ity n ydro- oo ric ne Indpls Gas Co % Pid... 6 over, llc; spring chickens, 2 lbs. and over, :

R R_& Stock Fas pid... 23%

% pid T&T Ft Wayne 1% pfd.. A

.108Y, pid... 10514

ry Co Pub Service Co of Ind 0 pid.

Pub Service Co of Int 5% pid.

sso snes

severe 83 Crabbe Re

r Wks § 7 5 -103 Co Mes 0 Stores Se; ‘60. 98%

s 5% .1021 Muncie on B ga & p 6? aT. TI Ohio Tel Co 6% 47 ha 1%8

cesesdosmaay

5%. . Track Tern: Corp

Market St. LesH

* Ex-divi ® Sv. P. Crist & Co.)

RESISTS SLUMP,

7.00 over the 2,154,365 tons produced in

2.001 needs.”

indications | €¢ earlings Col

and weighty c

bulk general|g, G

8% Humble Oil .... ae 672

JOURNAL SAYS

High Schedules Persist in Most Districts; Heavy Buying Seen.

CLEVELAND, Dec. 14 (U. P.).— Steel production is offering strong resistance to the quieting influence of the approaching year-end and renewed buying is expected with the turn of the year, according to the magazine Steel. With sehedules in most districts unchanged from last week, the national steelmaking rate held at 61 per cent. In the corresponding 1937 period the rate was only 26 per cent. In a more than seasonal expansion, production of steel ingots during November scored. the largest gain over October in-the history of the industry, the magazine said. Total production for the month was placed at 3,572,220 tons, a gain of 14.6 per cent over the October total] of 3,117,934 tons, and 65.7 per cent:

November, 1937: “Except for 1936, November production ‘was the largest for the month since 1928, partly a reflec91tion of the fall introduction of new automobile -models,” Steel added. “Renewed buying of finished steel confidentially ‘is ‘expected with the turn of the year,” the periodical stated. “In contrast to the situation 12 months-ago, consumers will enter 1939 with relatively moderate stocks of most products, Sheet and strip inventories, while heavy in some instances, will be lighter than was anticipated at the time buyers were actively covering forward

In addition to the favorable outlook for the automobile industry which currently is operating at a

16-month high, the magazine said|

“several other ‘sources of steel business give promise of lending considerable support to production next quarter.”

The magazine’s scrap steel com- |}

posite was reported at $14.66, a loss of 9 cents, but finished steel ahd iron and steel composites were unchanged at $56.50 and $36.36, respectively.

Curb Stocks

igh Low 124% .25 257s Am Rep CD ..... 87s Am Super ...... 91 bt Ark Gas.

h Ir ell Air Bellanca Air ... 3lue Ridge .... 3rewster Aero.. y Carrier Corp ... 17% . 5-16 60

El' Bd&Sh ..... El Bd&Sh 6 pf.. 63% Ford Can A.... 2} Ford M Ltd 3% Glen Alden 51g t A&P auf Oil

Insur No Am . Jones & Lau Sti 384% h M.. 48%

S 12% 1 30%

Uy 155% 4612 55

7 110% 111

Pa 3 Pepperell ..i... 69%. St Sherwin w “Woes 102Vs i Std Oil Neb..s.. . 6

spsane

Un Gas Cp pt. Un Lt&Pwr A... Valspar of ..... Wright Harg ...

FOREIGN EXCHANGE

NEW YORK, Dec. 14 (U. P.).—Following

. . Cable Rates: England (pound).. $4.67% Eng. (60-d bill rate) 4. Canada (dollar) ... France (franc) .... Italy lirg) .... Belgium (belga) Germany (mark) ° Germany (trvl mrk) Switzerland (franc) Holland (guilder) .. Sweden (krona) ... +. 000234" ° Norway (krone) ... .2 -+.0003 Denmark (kroneY.. .2085 +.0002%2

FOOD PRICES

CHICAGO, Dec. 14 (U. P.). — Apples — Michigan Mackintosh, bu., [email protected]. Sweet Potatoes—Tennessee, bu. ha @90c. Carrots Hiinels, Spinach—Illineis, bu., Florida, lugs, $2.25 5@3. So ilo fornia, crates, [email protected]. Peas—California, hampers, [email protected]. Celery Michigan, square crates, 25@65c. Onion Market (501b. sacks)—Illinois Yellows, 50@75¢; Idaho Sweet Spanish, 95c; Wisconsin Yellows, .60 @85c; Utah Sweet Spanish, 85@97%c; Idaho Whites, $1.40.

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TONIGHT

, 7:30—Tommy Dorsey, WIRE. 7:30—Paul Whiteman, WFBM, 8:00—Fred Allen, WIRE. 8:00—Star Theater,

: For the first time in several months, all three networks will ‘|carry an address by ‘resident Roosevelt at 1:30 p. m. tomorrow. He ‘will speak in connection with the dedication of 'vhe site of the ‘new $3,500,000 Jefferson Memorial in gton. F 2 88» ' Meanwhile Gen. Hugh S. Johnson, former NRA administrator and Times columnist, will: announce for the first time plans for the celebration of the President’s birthday at 6:15 p. m. tomorrow on CBS.These annual. nationwide celebrations, held each Jan. 31, are promoted for the purpose of raising funds to fight infantile paralysis. Previously most of the money has been turned over to the Warm Springs Foundation, but this year, half will go to the Foundation and half’ will remain in the community where it is raised. ® ® 8 What goes on behind the whiskers of a department store Santa Claus will be revealed by Fred Allen tonight. As his “person you

RADIO

interview a Kris Kringle from- New York's ' largest . department store, who after office hours is known as: Jim Willis, So strenuous is the life of a. modern Santa that Santa Willis: works in half-hour shifts with three other Clauses. Each is able to make his exit on the half hour by announcing to the juvenile assemblage that he “has to go out to feed the reindeer.” Then a iresh Santa comes back. #8 8 Weather can affect scripts just as much as it does outdoor weddings and garden parties, script writers have learned. Hence, this time of year, with its variable: weather, is a headache. Bob Marko, a gag writer for Al Jolson’s program remembers fondly how the elements helped point upa script written about rain. : They had typed out their comedy lines in the midst of traditional Hollywood sunshine. On the night of the broadcast, along came a steady: downpour that madegthe audience: roar with laughter at the fun being poked at the weather. Think: what might have happened if the. program had been scheduled for the.

didn’t expect to meet.” Fred will 2 2 2

WFBM 132 (CBS Net.) (NBS-MBS)

March of Games I. :. Program Santa Claus New: Tea, Interviews

Santa’s Land Lone Ranger ”» ”»

Tunes

vu *% oo | 6o vo oo

ang |asas|oanalessn S863 68a8| 583 553

Wheeler Mission Howie Win Bohemians | Sophie Tucker

Dick Tracv Police Court

Easy Aees Human fide Berry's Or, . News Man's Family

Dorsey's, or.

New: iy & Abner Ask-it Basket

> Gang Busters Whiteman’s or.

following night. By then the rain. had turned into a tragic flood, 2.2 8

THIS EVENING

(The Indianapolis Times is not responsible for inaccuracies in program ane nouncements caused by station Shanges after press time.) - INDIANAPOLIS NAPOLIS

CINCINNATI (NBS-MBS) Hannah erry Jack Armstrong Noel

CHIC acd (MBS Net.)

Love & Salvo Johnson Family Melodies Pianist

Cinnamon Bear Terry With Music Orphan Annie

Capt. Midnight Swing It Bob. lson Inside Sports

ou Heidelberg Lone Ranger

Don Winslow Orphan Annie - Denton & Barbes Lowell Thomas

Amos & Andy Melodv Grove R. Pearl’s Or, Inside Sports Man's Family * » ”»

Dorsey's Or. . ”» ”»

Star Theater ” » ” »

ela — we |W

Fred Allen » ” ”» »

Edgar Guest

Buddy Clark

K. Kayser's or,

Green. Hornet ” »

Tomorrow’s Trib, J. Garber’s Or.

Famous, Trials * Melodies

7 Fred Allen ”» 1d

” ”, » Kyser Ss 1» OTe

Amos & Andy News

News i Noevo's ‘Or. Wegk's ,or.

Dez Or. Goodman's Or. Shaw's OF.

Strines & Spares: ; H. King’s Or. Lights Out

er THURSDAY INDIANAPOLIS > WFBM 1320 (CBS-Net)

Early Birds Roundup

Devotions Musical Clock ”» ”»

” LJ

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53 asus 88535

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| s2s2e202| RD

News Dessa Byrd Babv Bulletin Better Health

” ¥ ”» n Montana Slim Melodies Apron Strings Kitty Kelly

Myrt & Marge Farrell | Kitchen

Mrs Other Wish Plain Bil

Lowe | RRR

David Harum

Mary Taylor Lorenzo Jones

Party Line Biz Sister Life Stories

) School Program

ow Editor's Singin’ Sam Linda’s Love Farm Hour Markets. ihe ‘Bohemians Sicpmother

”» ” Headlines Gle Real Estate Betiy

Pres. Roosevelt __Air § School

Army Band Concert Or, ” ”»

Lady

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Varieties 4 Clubmen Varieties ” ” Ruth Carhart

WPA Program Santa Claus Tea dunes

Stella = Dalla, Vie Soe Girl Alone

I. g Program New

Rew Wve gw | z

Nude

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Baroaclo y Santa’s Land

INDIANAPOLIS WIRE 1400 (NBS-MRBS)

Woman in White

Rrown Daughter

w ARE Reporter AE Grimm's Bob iter

Church Hymns Progress Parade

Backstage Vite

» ”

J. Little’s Or. A. Week's or.

i Sullivan

. Little’s Or. a River "” ”»

Review Brennan’s Or.

Concert Or. S. Kaye's Or. Hill's Or. » ”

PROGRAMS

INDIANAPOLIS (WIBC 1050)

CINCINNATI WLW _ 700 (NBS-MBS)

Lamplighters Valley Folk

Time to Shine

Saddle Pards Cowboy Songs

Breakfast Jam ” ”»

”» »

News Bandwagon Top Notchers Devations

‘Kay Bartlett N. Shilkret’s Or. B. Wirges' Or.

Monitor News Rhythm Makers Modern Meals Old Refrains

Noon Rhythms ”» ” ” ”» Boy Greets Girl

Back Home Sleepy Hollow

Rangers

Dick Leibert Tropic Moods Shut-in Friends Past Favoritas

Piano Moods Jive Congert

0 Chuck Wagon

Nanny Jack Myrt & Marge Hilltop House Linda’s Love

Famous Fa Farmers

U. Smilin’ fa. The Goldbergs =

Ensemble Vic & Sade Peter Grant Read of Life

Editor’s Daughter ie . Neills :

id Hour ». ” ”» ”» Silver Serenade Happy Gilmans

Betty & Bob Grimm’s Daughter Valiant Lady Hymns

Mary Marlin Ma Perkins Pepper Y= Guiding Ligh Music Room

Kitty Keene Paul Krau Midstream Santa’s Clioper Beautiful Life Aloha Land Hatterfields _ Jamboree Hannah.

ign Off Jamhore Silent. : Jak Armstrong

—

”»

KEY NETWORK STATIONS (Subject to Toner: "| 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.

+. these highlights of

individual.

Salient, perhaps, is

per ton per mile. Such

prosperity.

Te 1S

ery; air conditioning;

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

Delivering the Goods

Freight transportation costs down 27% since 1921; speed —up 40% ; improved passenger and freight cars; pick-up-and-deliv-

flashing streamliners progress are only part

of what American Railroads mean to every

' Every time the elock ticks, the railroads pay $10.44 in taxes. In Indiana alone, add together the 7% of all property taxes, the $78,000,000 in purchases, the for pay rolls to 40,000 employees —and the railroads’ annual expenditure in the State equals $42.38 for every citizen!

$63,400,000

the fact that American

Railroads carried ever 1.800,000,000 tons of revenue freight in 1937 at less than 1¢

service cannot be over-

valued. Through seasonal loans to industry, agriculture and business as a whole, American National helps to finance this movement of goods which so largely affects our national

AMERICAN NATIONAL BAN]

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