Indianapolis Times, Indianapolis, Marion County, 19 December 1938 — Page 25

Chrysler and General Motors made

AERO ISSUES PACE ADVANGE INSTOGK LIST

Douglas Aircraft Marks 2%: Point Climb; U. S. Steel Rises 173 Points.

NEW YORK, Dec. 19 (U. P).— Aviation shares led the stock market higher during the morning dealings today. Trading started momenstarily active but quieted later. Most activity was in the aviation les, nearly all of which made new ‘highs, Highs for the year or longer were made by Douglas Aircraft at 80%, up 2%; Bendix 26%,

4 i tr 4

% Ex-Cell-O Aircraft 24%, up 7%} East- |; cyrus ern Air Lines 17%, up" 5%; Budd

Martin 35%, up %, and United Air-

Am dice “eve

AE Hiscm™.

an A

oT s8888

: att 1

Neb High: Low Last Chee

“Lia “Bt. tores 9

8 I ar & Fay. She: & FP

ld EE

PY GAPeT « tchiso! resume ah viation Corp os 1% -

fies Loco tt.as 14%

. (Borden Bidder Brass. .

ristol M ors. oo 42 rus

Mig udd Wheel.

Burlington M..

3urroughs

craft 43%, up 2. Wright Aero} equaled its high at 120, up 3 points. United States Steel rose to 66%, up 17% and held most of the gain. Other steels were fractionally higher,

fractional advances. Rails, utilities and oils made small advances, Coppers| were steady to firm. Hazel Aflas Glass made a new high at 108, up 1%. Gains of a point or more were noted in International Business Machines, Fairbanks Morse,

Gila ana -. 187 n oe 5% Caterpillar rr’ . «189 Ya Gent 'oundr, ne Fogndsy -.

£80289 SESE a

1 Ya ush Heb iE

—Ce

askin oo 15% an Zito oe %

7 { HA Ry avo. : 490a

ys. 82% Climax Moly Co D 35%

Cluett Peab

Johns Manville and Great Northern Cou a

preferred. Bond List Stronger

All sections of the listed bond market strengthened in moderately active trading. Rails led the corporate list higher with early gains extending to around

Com Inv Tr ... Com Solvents .. Comwilth Edison gi% Comwlt, Comwith Ed rts. 15.64 Cons Cons Edison pt. 101% Cont Bak B ..

th & So. 13%

Edison ... 30%

a point in such medium priced and [SSF

gpeculative issues-as Illinois Central, Southern Railway, New York Central, Chicago, Milwaukee,. St. Paul & Pacific and Chicago & Eastern Illinois. Utilities. Power & Light 58 featured a generally firm utility group with a rise of nearly 2 points. Westérn Union 5s of 1960 sold off more than a point against the trend. In-|;

Ww 6% Curtiss Wr A... | 26%

Cass 3

Det & Hy Vib + 35 gl

Diam T Mot . Dist Sea,

vo 8% Dt a 86 Ah 2078

Doug] las (Ar . in 79% dustrials improved fractionally. Du cies 140% 149%

U. S. Government funds advanced 2-32 to 5-32 point at the outset and held around the initial levels through the early trade. Venetian Bank 7s of 1952 broke 9 |g points to 56 on a single sale, but | Eq other foreign liens displayed moderate strength.

* Curb Stocks Creep Up

Curb stocks extended narrow early gains to more than a point in forenoon dealings. Aluminum Co. of America and g Cities Service Preferred paced in-|gG dustrials higher with gains of more & than a point” each. Colts Patent |G Firearms, an inactive, also was up |S more than a point while American Gi Cyanamid B and Babcock & Wil-|8 cox had fractional gains. Gr Bell Air and eed made new 1938 highs in early dealings but

East Kodak = Eaton ee Elec fr La.

Pup 834 Eis: She Blo iii he

ar Mor . Mot 5

Bobbie la . 39% : iff i 2% Sug .. 2% en Baking '... Gen Cable "16% en Cigar n Fiscirie oe Foods

e! en

oodyear god ear 1; SENN

Gt North of: Greyhound cp.. ‘3 Ya

backed down moderately on profit Harb-Wal

taking.

2 8 8

Today's Business iis

Hat C

: d-Her B 515 ad Ba “M & a bi N.eos 135

ae Je

LIT

At a Glance Ins Setsal Cop iin

GENERAL BUSINESS in

General Motors-Cornell world price index of 40. basic commodities in the week point to 60 years. National Lumber Manufacturers Association reports week ended Dec. 10 lumber output of 533 mills 187,859,000 feet vs. 189,216,000 feet by 549 mills previous week; shipments 177,339,000 feet vs. 217, 904,000; booked orders 223, 535,000 feet Vs. 236,393,000. Magazine steel re tions last week oO per cent.

CORPORATION NEWS

Cenfral Maine Power Co. November net income $184,291 vs. $157,897 year ago; 12 months net income $1,750,672 vs. $1,807,162 “year ago.

, lowest level in 30

rts steel operaaT 3 points to 58

nded Dec. 10 off 0.1 In T & Inst gym a5

Johns-Man

Cc Isey-Hayes A 1 Bike oy nk ds

50. F Glas ge & He k

—F— +e4.103 ne

Sou pf. or

Cen.

oa. Ya V Coal. of 83,

: 301k

3814 : 494d

ii2

Link Belt

Cave 2a acy H i. 411, 2rasaibo Ex 114 . 119, . 35

Central Vermont Public Service Co. November net income $48,530 vs.

[arshall Fld 215 i

ay Cc C

$35,041 year ago; 12 months net in-

artin ag rts. .. Hi

aitin 4 cLellan se 8

come $354,373 vs. $397,782 year ago. Cumberland County Power & Ll ht Co. November net income $60,ys. $73,751 year ago; 12 months oe income $820,959 vs. year. ago. Kansas City Public Service Co. (including bus operations) November net loss $47,608 vs. $38,028 year ago; 11 months ended Nov. 30 net loss $619,553 vs. $363,426 year ago. Minneapolis-Moline Power Im- _ plement Co. fiscal year ended Oct. 31 -net profit $727,032 equal to 12 cents a common share vs. $1,524,585 |N or $1.26 preceding year.

Public Service Co. of. New Hamp- |N

shire November net income, $112,618 vs. $111,618 year ago; 12 months | on? income, $935,336 vs. $1,238, 044

480. : Ye witt & Co. and subsidiaries, fiscal year énded Oct. 29, net loss,

$3,4903978 vs. net come, $8,880, 496 P

| Para Pic 2 pf.. Pathe Film ...

year 8go. Twin State Gas & Electric Co. Nov. net income, $24,545 vs. $41,967 . year : 12 months net income, an, 068 vs. $282,913 year ago. i

DIVIDENDS

‘General Fireproofing Co., 20 cents iy on common payable Dec. 24, tecord | A Dee. 19, bring total payments for the year to 70 cents vs. $1.60 in 1937. Haloid Co., 20 cents on common

fit pagabie Dec. 31, record Dec. 24, Cent

fihg year’s total payments to 60

cents vs. $1 in 1937. (Copyright, 1938)

‘DAILY PRICE INDEX [&:

New York, Dec. 19 (U. P.).—Dun Be & Bradstreet’s daily weighted price

index of 30 basic commodities, com« piled for United Press: oe (1930-32 equals 100.) Saturday sbeebs sssbncibairion ssa Week. ago. Socvcisasibivesiien 105.12 Month ago Sesocsldssssisssss 105.00 ‘Yeat BBO .i..o..ivsessiessns 117.08 1938 high | (Jan. 10)ii0iiviies 117.06 1938 low (June 2)iiivireinss 102.43

$846,324 o Pag N

Otis Owens Ill Gl..

Pac Am sh. G

Ab ott os Ht

iami Cop ... ident Pet ar a a or, o0-K Tex P 1%

sense 1Ve® Re

110%

urphy pf ..

Nash-Kelv ..... 8% Nat Aviation .

Elev... ... . 20% Ya 28%

Chicago Stocks

008 saviben $s viba, noi. Peis. shoe

dias OtOr ci.uiiinin i ter ssebin ?. Vaiss

State Coal

103

ET 8%

5 Ry fo 5 8 iis nas . ade oe 131, 5 . 3

ssbbendie

181% 1811 Sip '3ia

3914 413

9% m3

103%, 18%2 433 ‘20

28% 4 3

' 16 1127, 12%

267% ne

8 287% 4Y,

1212 12%, 9%

* -

SaEREEe a &

HHH HE FICC

EES

Ye Superhtr essai

‘| Year Ago.

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Saturday soieireiisivinessi 150.36 «0:58 Week ARO sesnasoneasinnsess 148.68 wd). 84 Month AZO sicissasssessscons 150.26 Year ARO Jiiseiss RT 120.08 High 1938, 158.41; Low, 98.95. High 10817, 194.40; Low, 118.84. : 120 RAILROADS Saturday .isssscecconciicssss 30.35 Week ARO c.iivcscivionsniss 29.45 Month ARO cocecscsncsssssss 30.77 Year ARO ccccsccssssssasees 32:08 High 1938, 33.18; Low, 19.00. High 1937, 64.46; Low, 28.91, 15 UTILITIES i Saturday eccecess Cisnessuias 22.30 Week ARO ooceoesssesscasees 2138 Month Ago .. ssssessassssses 2513

+345

High 1938, 25.19; Low, 15.14

0,18 2

os| CHICAGO, Dec.

MARK RISE OF |<

NEARLY POINT

1o| Active Buying Boosts Prices

* In Early Trade Before Demand Eases.

19 (U. P)— Wheat prices ruled firm on the Chi-

“**lcago Board of Trade today, re-

flecting strength at Liverpool. Cg¢rn

High 1987, 37.54; Low, 19.65."

aLine Mines. .

oo 5 ress Stl Car... 1 rocter & G... 55 Subiic_ Serv .... 30% Pure’ Oil eeeceee 10%

| eR

Radio .., Reo Mot .. Revere Yoon: Pre 1878

Seer 8 rea a

1 18%

9 = >

We ee HHH +

sees 2%

t LS Fran Bi. dcheniéy Dist . ars Roebuck . Bu o. he i

aI Cubbie ow

Nt J BRL i, A CX PM oo «oe

2eeeE < REE

u y outh Fis Perry=-Corp «ess Spiegel Inc .... 1 td Brands «e..

Seares BESTS

BIRT ht Bama aw

3 hts

AEH HERERELS

— eI =

- - . .

Teluitograph oe

CoalhBen ees SPHEE SEE

EE tH

EHH HEE

+ Wile B

— % + nl

+ Ye

5 | Lockheed Air. .

Xin

_ i - Ie —

+ %

=''%

‘yy ia

es +

¥a | Florida, 13 2|nia, hampers, oo 25@86.

Asso A ‘J Atlas Corp wis.

| Gold Res. A Customs 3

p vs i Batatoe

nh El In Whegling. Steel. . Woodward Iron.

a FEER SFISSESSS

HHL

J3une Steel ot i: 3 2 37 un a Zonite Sue 3%

Curb Sack

Last change + 1 a

High - Low Alum Co Am, . ie Ya 128% 26 a 9-16 2%

2% %%..

Bell Air ..... . Sllanca Alr ... lué Ridge bo Fo Aero. . 10% unker Hill&3. 147

ew oF

{ a TL. 01 © pe WR ET Se a

peed fd Ce Si

fy 8ti g Kingston Pro .. Lake Sh end pd % 7 h C N;

McWms LAr. 16% Molvbilenums ba 5 V2 N J Zi cab 52 2

Ys Yo

Vs %

CHICAGO PROD U ICE

Butter—Market, unsettled: receipts, 807, 138 gross lbs.; extra firsts (90-91% scorz), 26@325%ac; extras (93 score), 251 1c; firsts; 21024 Jao} seconds, 23c; specials 193 score), Ys @26¢; standards, 25@25%ac; centralized 8 Score), -24c; centralized (9 score),

A Tags... “Market, easy: reeeipts, 3402 cases; fres

graded firsts, less than ce rs; 135%ac; Sxura firsts, less than cars, 26c; checks, 1, No. 2, Jo current receipts, 24V40; ditties No.'1, 2c: No, 2, 19c; refrigérator extras, 2l1c; refrigérafor standards, 21cla; refrigerator firsts, 9ic.

35 trucks; ducks, 13@15c™> geese, od pt 13@1 gel Leghorn hens, 11%2c; 8 ng ckens, 7c; roosters, Haidke SRickens 156 196 3 turkeys, 19@2¢ Cheese—Twins, 133% @14%,¢; daisies, 14 @14%¢; longhorns, Whe HN h ~ Potatoes—sSupplies, fair. market, sh gady. Idaho Russet Butbanks, $1.65@1. Colorado Red McClit (cotton sacks), (i [email protected]; : (burlap le $1.80; Wisconsin Round Whites, 51 1.15; Michigan Russet Rurals, $1.12%: North Dakota Bliss Trium phs, 1.57%; Cobblers, $1.30; Early Ohios, 1.40; ‘Minnesota Cobblers, $1.30; Bliss Aypphs (street sales), erates, Afrivals;,- 113; on track, 315; shipments 805 (Saturday), 47 (Sunday). = © ’ A ————————————————— —..

U. 8. STATEMENT

AS gi Dec. i 19 (UT. ao: nd “rece ¢ |Slfren fiscd oar frou h i ar red with a AR 8

A Expenses $4108 B10 tor 3. i nil fh ;

fl rss on ; 8 Hh ARES di FOOD PRICES

CHICAGO. Dec. 19 (U. P. Avoles KE Macki tosh, ou $1,50@1. Atoes— Tennessee bu. ha

nr poe,

i demand,

Florida

85 4.4 88 a 0a

Arr a bu.

rates, | Wiha:

fornia, oF Celery---Michigan, square grat 1b: sacks)

lorado Sweet Spa nish, 87%e.

SEE PINAL EDITION OF THE TIMES Ci HORT CLOSING STOGK QUOTATIONS

Sh AND: ... OTHER LATE NEWS

2 Week 380 cece

e [1938 High ....

A : Belt RR & Shock Yds oom.

Poultry—Market, finn; receip's, 1 car, |:

i324 and whit

bushel Te:

e Fr 4 . | Ita, rule ean | Se Ge

advanced on improved export demand, At the end of the first hour. wheat and ¢orn were up % to % cent, and

+ 1 |oats were 14 cent higher.

Active buying of wheat after the opening pushed wheat prices up for net gains of %.cent béfore the demand lightened. Trading was not

® heavy, but the market undertone “lremained firm.

Liverpool wheat closed 1 cent 10 11% e¢ents higher on small world

|shipments and covering due to

severe cold weather in Europe. Pressure of southern hemisphere wheat was said to be light. North American wheat export business was unimportant. Winnipeg wheat prices reflected outside markets, advancing % to % cent in the first hour. ; The weather map indicated little improvement in the continued dry weather in the Southwest. The forecast predicted unsettled weather in some dry areas. Corn prices firmed on export sales reported around 400,000 bushels and strength at Buenos Aires. The better tone in wheat also attracted buying in corn. After an initial advance of as much as 1 cent prices settled back somewhat on increased pressure.

WAGON - "WHEAT

Join slevatons Are Paying jor | ay Cre Ned Yellow, 43%. Oats, 2c.

City red, 5 Cash corn. new No.

N. Y. Bonds

BOND PRICE INDEXES 20 20 20 Inds. Rails Utils. 86.0 58.5 085 85.8 57.7 98.5 Month ago +::. 86.9 59.7 99.6 Year ago ..... 8L.4 7285 042 . 87.3 %0.0 99.7 1938 LOW «esses THO 47.9 6 813.

60 Bonds 81.0 80.7 82.0] C 82.9 83.0 90.7

Saturday

U. 8. GOVERNMENT BONDS Treasury Bonds w Last 109.29 107 salar Ht 113.15 Hootie 07, 2545 100 if. ne ee. “1001s 1001s 1041s

Home Owners Loan Bonds

23%s 1944-42 104.14 104.14 104.14 DO:

low Lass of fi

889 9 LA

T 3Va sassesseld High Tots ef LX bases i O iss i Bethlehem * Steet Ygiss’ 52 99 in & Sharpe 3%s 50 107 ian Pacific das 46 Lk igh Paci 2 s 54.. OViisnas C&W ind ate: Gon, Great 3V4s 51.

9” 3%

67% 96

> £ A 10 00%

int Int T TE Loews Inc 3158 46 ot & Sou up 5s $5 M).

RR . 92 bic Steal 4748 oi. _ is 9 eaboard A Ling ; oT ewater Oil 3 = 5 Util P & L 5%8

Argentine 4:8 71. Keasd 81% ° .

Australia S530 86

"LOCAL ISSUES The following aquotatl ons go jot Jenre. the Yo foxima Vy BC narket level |f and selling quotations of

hr recent transactions.

Stocks : e Bia

= 33

Ask

rogress Launary Co bub Service Co of Ind 1% td’ Pub Service Cu of Ind 6% pid. So. Ind G. & E 4 T Haute Tit] Vai Camp Milk Van Camp Milk

0 com. . Bonds er Loan Amer tad re rer 4%s

Crabbe FL ‘Bs’ 42, Home T T Ft W 5

1a 0 Stores 5% 60. 98} Mincie Water Vhs 5% 65 102} Nobicavile H X' 6%2% oi i joi

9..103% i 108

101 rack orp Matket FR Corp. ‘ de. 96

4 Ex-di By M. P. Crist & Co.).

LOCAL PRODUCE

Heavy breed broilers, 4% 1s. and over, 13c; hens under 42 lbs. 1lc; Leghorn vy breed hens, YO arred 135 lbs.

e ngers, a. Laie puien 16 BY

ver, Tic: Leghod chickens, 3 bs. and up, old rooster ers ite ducks. ibs. and over; sis v white ['H golored

dueks, under 5 1s, bs. and over, 9c; colored ducks a qc; geete, 9-14 1bs., 9c; young tom

Kusner Packin J Mad 101

5 and

63 26.82

A bs tur eys, 13 hs, and over. 1c, young hen

Sie tury ki “11 4 st turke; a c No. 2 turke ys 5

"toi Loekesh: oe:

ARE a No.2 26@26%%¢; ‘by “wadiey ‘Co.) | FOREIGN EXCHANGE

NEW YORK, Dec. 19 (U. P.).—Following are opening vehi rates. on wily cur-

ch FH it 16"

eggs, ttter—N butterfat, NG. I Pn (Priced quoted

En gard on ‘oo

Ca Phy (dollar) ... ErAhce TRE). .

a) Bel dum hai he in

Switzerland (franc) .. ene Holland Sullde Er) Jee

4.66%

25@90c. Onion Market (50-|SW

Norway (krone) ‘s . Denmark (krofié) cise Japn (yen) .. ”

STEEL SCRAP DECLINES

CHICAGO, Dec. 19 (U. P.) Steel

|scran has declined 35 cents a ton in

the Chicago disttict, reflecting seasorial dullness in the market. Current quotations on No. 1 melting steel Aré éstablishedl

tivity for

(Copyright, 1938, Standard Statistics Co.) | paw

07 91% steers,

A exns

and. choice Today bs. $738 Cattle—Receipts, 800: Sheep

Receipts, 8 he .

Porkers Rice 15 to 20 Cents

The top. price for hogs rose to $7.75 today, a gain of 20 cents over Saturday's figure, under the impetus of light receipts of around 4000, ac-

cultural Economics. Today’s trade was steady to 20 cents higher than, Saturday, with the full 20-cent upturn on weights scaling under 220 pounds, most heavier weights advancing 5 to 15 cents. Medium and good light steers went at strong to 25 cents higher prices and all grades of cows and plain’ and medium heifers drew strong prices, cows in instances being 10 to 15 cents higher. : Vealer prices ruled Sirong to 50 cents higher, with the top rising to

$11. Steady to 25 cents higher prices on fat lambs sent the top to oa Top Rects. D Ded. Rec

55 oy %%

Top

500119 ... ——

2 0- 33

.25- 81s .00- 7.2

Barrows and Gilts 7 Tn wea 26-- 6.60 Medium— i 74 Good and Choice— | CHET tomo. 10. 00-11.50 ‘84 Wot we Lo is j ig 30-18:88 5 i, 1588 150 bot LE Cull ] and ? eliires 500 - : Heifers i 9. 100m Jo: bi 00. 1.00- 8:25 2 i $73 g90l Good . [Good and & ver 3.75- 5.00] Sholce. + «.$ 9.25- 9. 20Medium = Commofi and medium . 00- i ts — jCattle—Recelpts, 8000; calves, 1500;

. 7.55 ’ 7.35 oo Asking Sows Good and Choice— ! 74Q- bi 140- 8 $ Hn 73), a2 550, 5- 550. 6.00- 6.60 71 Slanghter Pigs .- 7.35 100- 6 i 7.20] Medium. CATTLE (Receipts, 1022) Steers Bulls . Medium. . JRE | 2:0-12.30] Cub com adh 4775-8 aoa i: 25-12 hi m. . 8:.00- 9.50 5.00- 8. 00 00] Choice— : Commo Plat J - me ain is Eons 400. 4 8.00- 9.00. diu 8 om mon” 6.00: Gog 900. 9.75-10.75 slosier Sher ond, ®] 8 50- 9.75|C Rt - S00. 7.50- 8.505550. 7.00- 7.75 om 900 o 8.00- 1. 0] Common. 6.25 7.25 ol oO a 3 $80. 8 2-873 8) Eamon 760 § Sees 8.00 ommon © 5. £ me HA “Boo. 7.00 SHEEP AND LAMBS Recents, 1671) Lambs 8.75. 9 2 25/Conimion . Good and choce eens “ois «8 a asses and grades fat cattle sharpl her ot sty 25 to

a bE 4 ;

and

market Hep asing gor nu ro; most fed $9@12; suppl T,\onaleds, 0p steers heifers WE Pa 11; Ro )y ighty i severa on % best eatin $ 13: eifer lings, SH b ed Ht fers, Sah 0.557% gi i last Week and ee @8.25; -utter I; Very $1 fat cows here; we: Taity satgage | bulls, : 2° higher; wind up to 8. 7 ” firm 9 @ Gy pai sare stoc oi eeder Ww. fice, ins supply oer? Fr "500 t 8, , jambs" fairly TR uriags to e 15 oo 3 He choice gitrines to up ib Jobs. i. seit held He .50 and Tr; i Ly fead naive 5 S00 ghtweight ~ WestiL 000; Pang 8000; tan bei ge; t 2s gente d and choice, ef 3 ae: 7% 768: i 2 hy ns, ot 350:506-1 sacking 1¥s., : =500-1 c argely $6356.65 » E 99s,

OTHER LIVESTOCK

P.).—Hogs— ses Fier, Yast 38. rE fii 0 ht 0.280 lhe, 86. xi bs. (87. 140-1 i) 3; S130:086 ibe.

a Tuer 6. 50: tags, tombe § he, 5 stags, $5.50; calves, $10.50:

net et i0a35: niger, "40-15 15 Re “$7. Hot ans: 190-250 [email protected] ; 250-350.) 108.

7.18 a ae Jad den lambs,” 5500s 3050

INDEX DISCLOSES RETAIL PRICES DIP

NEW YORK, Dee, 19 (U. P).—

.| Retail prices turned downward this

month after remaining unchanged for three conseciitive months, according to the Fairchild Publication’s retail price index. The index on Dec. 1 stood at 88.0 per cent (Jan. 3, 1931, equals 100), compared with 89 per cent for the evius month, and 94.5 per cent for e. 1, 1937.

Current prices, according to the

latest index, are 5.9 per cent below

a year ago, and 8.6 per cent below the 1937 high, but are 1.1 per cent above the 1936 low and 28.1 per cent above the 1933 low. “The nominal decline in the index was due largely to easing in home furtiishings and women’s apparel,” it wis stated. Other SUMoRents of the index “showed virtually no change.

CONSTITUTION APPROVED

NEW YORK, Dec. 19 (U. P).— The New York Curb Exchange has

has approved a néw e&/nstitution for the trading body to become effec Sltive Feb. 28, 1939. An interim amendment, designed to serve as a constitution until thé new document goés itito effect, also was adopted by the members. Both pro-

fo 2, </

Sema

A MERRY ONE

Start Saving Now in ‘One of Out Oluisimas, Saving

SECURITY TRUST 0,

130 EB. washington St:

mlm {1

_ mas present I ever piitéhased for his family—December

i mages. for

at $1360@1(f - ° : 14 per gross ton delivered in the Sgt Chicago ‘ates. v8 Libcal observers. 100k: Jot little ace maind ear, |

To $7.75 Top|

cording to the local Bureau of Agri- |12C:

1| cities last ‘wi

year ago. pose of purchasing or carrying].

announced that the hiembership|

posals were carried by a vote of 353 |

MAKE CHRISTMAS 1939 A% |

% SWELL VOLUME INRETAIL TRADE

Dun, Bradstreet Report Lists Jarger Units, Smaller Dollar Totals.

NEW YORK, Dec. 19 (U. P)—Retail sales surged upward as much as 30 per cent to thé year’s best levels last week on heavy Christmas: buy-! ing, according to Dun & Bradstreet,

“Cpmpared with results in the same period a year ago, most cities showed decreases in dollar volume, but few reported. lower unit sales,”

the authority's trade review pointed

out. Sales volume expanded 10 to 30 pér cenit during the week, and came within 1 to 4 per cent of -equaling the lével of the corresponding 1937 period on a dollar basis. In tie preceding week trade was down 2 to 8 per cent from the 1937 comparative. The decline from a year ago in wholesale trade was narrowed to 2 to 8 per eer from 2 to 12 per cent, “Gift purchasing was accelerated sharply, discl large gaps in re.

: | tail sales,” the survey stated. “Buy-

ers attempted fill out lines, only to find that in many instances warehouse stocks were exhausted and manufacturers (were turning away ‘rush orders. Complaints were made frequently that business was being lost because of shortage and slow deliveries.” Two of the seven geographical | 4 divisions of fhe country reported clear-cut gains over a year ago. Retail trade in the New England sec-}|

‘Ition ranged between 4 to 10 pér cent | .00| higher, while in ‘50 {up 2 to 5 per

the South sales were cent. e¢ ‘West, the upturn was strong on the week and the|” comparison with the previous year averaged between 2 per cent above fo 4 ‘per cent below.

In the Mid

3/BANK CLEARINGS ABOVE '37 FIGURES:

Hoan

9 Pct. Higher.

NEW YORK, Deéc. 19 (U. P.)— Bank clearings in the week ended Dec. 14 went above the correspond°ling 1937 vol cessive week, but showed a moderate decrease from the Dec. 7 level, according to Dun & Bradstreet, Inc.

709,000, an Tn rease of 3.9 per cent

e over the corresponding 1937 total of

n|$5, 474.706, oe. ey latest ‘week’s total, accord to. Dun’ & : Brad-| =e street, was § gan 000 smaller: than in ‘the previ period, whereas bed| tween the two similar weeks of 1937 the decline amounted to only $27,401,000. New York ported at $3,

ty clearings were re,191,000 against $3,-

ase of 7

BOSTON, 19 (@. P) acy. ity last week in the wool - market was slightly broader than in the previous week, according to the U. 8. Department of Agriculture report. Prices were irregular in the bliyers’ favor, especially earlier in the week. In the last few days the market showed a slightly better tone, Original bag lines of fine térritory wool were about the: same where prices were inclined to éven on graded lines. Greasy combing bright fleecé wools were fairly steady to slightly lower on a limited volume of business with prices ranging 98 to 31 cents in the grease for fine delaine, 29 31 cents for halfblood, 31 to 33 cents for threeeighths blood, and 31 to 32 cents for quarter blood. / BROKERS LOANS INCREASE WASHINGTON, Dec. 19 (U, P.)— Loans to brokers and dealers in the week ended Déc. 7 totaled $687,C00,000, an increase of $116,000,000 from the prévious week and a decrease of $83,000,000 from the like week a Other loans for the pur-

securities amounted to $201,000,000, down $1,900,000.

| PENNSYLVANIA &

MR. Ms HAPPIEST CHRISTMAS

“I've never gotten 88 much Saiistastion 5 ott of ny Christ- :

He had just arranged 2 Han to p if he SRE e If-he DS Lysis Pan astute harry Christ

MARKET STREETS

e & check for $100 15 yéar for twenty years

Report Shows Check Trans- |i}

Check transactions at 22 leading ‘aggregated $5,686,- |

i 412,763,000 in the sme week a-year| 13:30 i ps

NN TONIGHT

00-=Al WIRE. Soa Bent, WIEN, WIRE.

00—Guy Lombardo, WFBM, 30—sddie Cantor, WFBM.

The first leourse rse of a festive Yuletide radio menu will be sérved at 11 a. m. tomorrow when a program of choral music by the Barnard College Choir is presented on NBCBlue,

The entree will come at 3 p. m. tomorrow on the same network when the diplomats’ children party is held. At the ty which is broadcast annua children of foreign envoys stationed at Washington extend greetings to the children of America, The ‘main course probably will be Saturday - when the community Christmas Tree lighting in Washington is t at 4 p. m. on the same netw It is expected that the President again will extend greetings to the peéoplé of the United States as he did ‘last year during the ligating ceremony. In addition to lighting the tree located in Lafayette Park facing the White House, the President will throw a switch to light other trees in various sections in Washington. And now for the demi-tasse. It will be the Radio Theater's broadcast of “Snow White and the Seven Dwarfs” at 8 p. m. a week from today on CBS-WI'BM.

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Betty Olson (of the quart: :- “Sh had on a taffeta petticoat and it oozed static. “The e r in the contrcl room szid she radon ike a rainstorm whenever she got ¢ to the microphone. She had to tire and de-staticate herself by dis vestiture—to coin a phrase!” Ransom Sherman (master of cere. monies): “This hitch-hiker was 8 clean-cut young fellow so I stops and offers him a ride. What do you think he asked me? He says, ° ter, do you have a radio in y car?’ Well, I had to admit I didn’t. Sorta embarrassing, too. Then he comes out with it. ‘Well thanks just the seme. Guess I'll wait and catch a ride with someone who. has & radio . . . Rex Maupin (band leader): “When I get to be a millionaire, the one

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