Indianapolis Times, Indianapolis, Marion County, 27 December 1938 — Page 17

UCKS DOWN IN ANTICIPATION OF TAX DEADLINE

Bonds Advance Irregularly|4

In Mo N.

erate Day on Y. Board.

NEW YORK, Dec. 27 (U: P.)—|:

Stocks turn d irregularly lower today after a steady start. Trading quieted, With only two days left to sell for tax purposes in the regular way this form of realizing proved too much for the market. Steel shares, most rails and numerous other issucs turned down to small net losses. Aviation issues held part of advance; that ranged to nearly a point. 113152, and Johns Manville up % at 103%, were strong.

Motors eased | fractionally. Cop-|} pers and oils slipped back. Utiiities|;

were mixed. | Loew’s lost a point.

Allied Chemical gained a point Bki

and smaller advances were no‘ed in American Telephone, Du Pont and . International Nickel. Union Pacific held a rise of more than a point. ‘ : Bonds Advance

Doraestic corporate bonds advanced irregularly in moderately active ciealings. Lower-priced rail [issues generally were fractionally lower, but bettergrade liens advanced as much as a point. Baltimore & Ohio and Chicago Great Western were among - the issues to ease. Utilities were firm and industrials steady.

Cc Foreign funds turned irregularly 4

lower after early uncertainty. U. S.

0 Government obligations were nar-|C

rowly mixed. Curb Stocks Up

Curb stocks rose | moderately active dealings today. Gains among aviation stocks were fractional. Lockheed, Beech, Brewster, Gruman and Seversky firmed. United Gas and United Light & Power A had small gains in the utility list, but Electric Bond & Share $6 preferred was off 1% points. Other industrials were narrowly mixed. Gulf Oil was firm but Humble eased after the opening. Other 0il|D shares were idle. “Lake Shore advanced slightly and Consolidated Copper Mines eased moderately in a steady mining section. 8

Today's Business|;

At a Glance

GENERAL BUSINESS

Department of Commerce reports 11 months ended Nov. 30 income payments $58,244,000,000 vs. $62,519, | & 000,000 year ago, off 7 per cent. Federal Reserve Board reports November seasonally adjusted index of industrial production 103 per

cent of 1923-25 average vs, 96 per|Ge

cent previous month. General Motors-Cornell World price index of 40 basic commodities in the week ended Dec. 17 off to the

lowest level in 30 years at 60.4 vs, re- g

vised 60.5 previous week.

U. 8. Gypsum, up 13% at Beth

: Gan B

irregularly in 9

High Adams Bap cove + 10%

Net Last Change

m . Am Car&F pf.. Am Oe Yh . m & PF Pwr... Am Hide&L ,..

Sugar .... T&T .... Tob B . Am Water W.. Am Woolen pt.. . 30% Anaconda 34Y2 Artloom . did Atchison oe Ya Aviation Corp .. ai -=B— Bald Loco ct .. 15% Balt & . ™

Op Bangor & ar. ve "igh Beld

15% Bucyrus Erie .. 103s Budd Mfg .... 63% ] 17 Byron Jackson. 15%

Cal Facking us 18 Calu H. gi) ri 5% SR T. 44% elanese ve 237% Celotex . Cent Fdry 4Y, Cerro de Vases 48% Certain-td os 3H

HEHE HH HH HH " :

. .

aa Fa FE rg

& So . reraft . 23% ison ... 30

oo ty Crown Zeller . Crucible St tres Cuba C

uba Co Cub-Am Sug ... Curtis Pub ... Curt Pub pt. . "ahs Curtiss-Wr .. 6% Curtiss-Wr A’ . 26%

. 23%

Del & Hud ... D Lac &

Dist Seag Dixie- Vortex A. 35 Douglas Air .

—— TY, lu 223 Eitingon Sch .. 3 Elec Auto-L .. 34% Boat

East R Mill.... Eaton Mfg

30% 3 a

Fait Morse

BALL Ls Firestone pf A. Flintkote

Gar Yoou Ind. n Am Inv. Gen Puss Gen Baking Ses Gen Cable .,. Gen Gen Gen

Magazine Steel reports steel op-|Ge

erations last week off 6 points to 52 per cent.

RAILROAD REPORTS

Atchison, Topeka & Santa Fe Ry.|&

Co. November net operating income $2,244,378 vs. $1,152,856 year ago; 11 months net operating income. $16,300,141 vs. $16,958,748 year ago. Baltimore & Ohio R. R. C2. No-

vember net operating income $1,674,-|

985, vs. $898,327 year ago; 11 months net operating income $13,112,133, Vs. 24,206,649 year ago. ' Chicago & Eastern Illinois Ry Co. November net operating income $167,098, vs. $162,845 year ago; 11 months net operating income $455,951, vs. $1,246,992 year ago. Great Northern Ry. Co. 11 morniths ended November 30, net in-

come $207,993, equal to 8 cents a 1

share, vs. $9,215,999 or $3.71 year ago; November net income $822,682, vs. $415,764 year ago. Louisiana & Arkansas Ry. Co. November net income $48,051, vs. $30,382 year ago; 11 months net income $472,327, vs. $387,303 year ago. Minneapolis, St. Paul & [Sault Ste. Marie Ry. Co. (excluding Wisconsin Central Ry. Co.) November net loss $534,346, vs. $543,307 year ago; 11 months net loss $6,047,829, vs. $4,808,140 year ago. ’ New York Central R. R. Co. November net operating income $3,158,333. vs. $1,820,677 year ago; months net operating income $12,778.655, vs. $37,005,245 year ago. Pennsylvania R. R. Co. November operating income $6,681,216 vs. $3,679.060 year ago; 11 months net op‘erating income $50,762,248 vs. $69,799 545 year ago. Fittsburgh & Lake Erie R. R. Co. November operating income $303,837 vs. $161,269 year ago; 11 months net operating income $1,726,593 vs. $4,351,062 year ago. ~ Rutland R. R. Co. November: net ‘operating deficit $33,129 vs. $29,152 year ago; 11 months net operating deficit $533,168 vs. net operating in

come $717 year ago. {Corvright, 1938. by United Press)

'Hich 267 2%

Low

Bendix Aviat ..i.iee0.. Burd Piston R ...

atz Dru hy Print | a - Marshall Feld

< Stan Oil INA +.eeieeess “Stewart-War .ceesececs. Swift & Co

seseposeee

‘Zenith Radio”

“sepocens

SEE FINAL EDITION OF THE TIMES FOR CLOSING STOCK QUOTATIONS

AND OTHER LATE NEWS

11|1ott.

41938 Low

% | 2155 1953-49 ...

re... 13% 2055 12

. 202 . 6%

. 50 \ 52 Ya

Hupp Motor ... 17%

Ill Central ., Indian Ref ... Inland Stl _... Insshs cts Md. Int Agric arvester . yd El A.

20% |

Int

Int T&T

Johns Man ....103% 103% Fe Kas C Sou «ees 9% Kennecott .... 423; BR OTtOne sti .. 11%

Kroger G&B .. 10

— Leh V. Coal .... 1 Leh V Coal pt: 2% Leh ya! RR Lehm 281; LO Fo Glass .. 53Ya Life Safers ... 35% Lima Loco ... Link | Belt ..... 3

19%

7 Lone ie Cem. 583% Lorillard 21 Lou G&E a Lou & Nash .. 835 —M

Mack Tr «..... 27% 21%

DAILY PRICE INDEX

NEW YORK, Dec. 27 (U. P.)— Dun |& Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United States (1930-32 equale 100): Friday 2000000000000 00 00000 105.33 Week Ago 9000000000000 00000 104.56 Month . Ago eee bo 00000000000 105.80 Year Ago .........ce0eses000 116.12

1938 low (June 2)

N. Y. Bonds

BOND PRICE. INDEXES 20 20 20 60 Ind. Rails Util. Bonds 85.8 59.4 v8.4 81.2 85.7 58.4 98.3 80.8 870 591 99.3 818 Year Ago ..... 80.8 v1.5 93.9 1938 High ..... 87.3 70.0 99.7 83.0 connie 949 87.3 70.7 (Copyright, Standard Statistics, 1938)

ceceoeeess 10243

Saturday Week [Ago ..... Month Ago ....

sesesse

0. 8. GOVERNMENT BONDS Treasury Bonds High Low 33%s 1043-40 JU «co... 50.4 50.4 2%s 1951-48 ......40..100.24 105.24 «0+.102.18 102.18 2%s 1959-56 +...... +103; 16 103.16 f DOMESTIC BONDS Hizh Low

B&O a s 10% seen 100% 100%

Bein St 3% 66. Can Na Ry O

Get PSS

SI BRR

d Air 45. Wabash ist 5 39. FOREIGN BONDS

Argent is 72 Feb. AU lia_4'2s 56 i C El 62s 59 i a 4

a si-eeens

s 52 Denmark 3%8 55. German aly, Ys ®

det 11d 4 11012

Poland bs 85.

seeeb onset

4 Saturday

2 Saturday

8 Mad Sq Gar .. 8% Y a 37% °

® 2S? NOPPOOD

Std Brands ....

: Union Carb = Un Oil ;

West 8a |W

® | yellow Tr

STOCKS

By United Press

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Saturday ccccescecescscee-.-151.38 —00.01 Week Ago sesscssssciecess 150.46 le 08 Month ABO cococcscccnces. 147.07

sl Year AZO ....cccev00ie0e-..118.93 —45.20

High, 1938, 158.41; low, 98.95. High, 1937, 194.40; low, 113.64.

20 RAILROADS Week AZO .ccoccessccsse ees. 30.09 Month AZO .ccceccencsonerses Year Ago ...... saassres High, 1938, 33.18; low, 19.00, High, 1937, 64.46; low, 25.91.

15 UTILITIES

Week Ago .21.86

cetcec0000éveedrvre

5 Month AZO ..ccoieeccosssssee 21.64

Year Ago .. High, 1938, 25.19; Tow. 15.14, High, 1937, 37.54; low, 19.65.

Net Last Change 18 ++ % 37% esee

High Magm

onsanto pf . ont Ward

M iva yers & Br.... 50

Nat Aviation es 14 Nat Biscuit ... Nat B&I pf ww. Na gash Reg.. Nat Da

ys os

BO = DIED DI bt

ER 38

Ni ‘No Amer pt No Am Avn..... No Pacific ..... 13

rt Le Ld Ld

Ohio Oir Owens Ill Glass.

Pacific Mills. . ckard

a . Paramt Pict .. Para SF 4

elps Dodg ... Pha Morris . Phoenix H Pr. Duy

tts Pitts Pitts Pitts Blits

Poo Postal Tel of . Press Stl Car.. Press Stl 1 Procter & G.. Public Serv. weee Pullman -..eeiee 4| Pure Oil ss00ee

10% Re Radio Va Ry Sec ne. - 11% Reading 16 Reading 2 pf. . Reo Mot

Republic Stl .. Revere Cop .... 1 Reyn Tob B Richfield Oil -..

"ig Safeway Schenley Dist .. Hi Schulte R

i +1, +. Y

7 Ya

— CO ib CID DI 4 DI LO © : Ran =

quare-D

On EW ed awe RRR

wi . . 0. = OININIDD CO COMA CODD 1d pa NICO OD bt

IO EI ID hee oo

. Bt

S § ‘ Syming-Gould . Syming-Gld xw.

LJ HOON ©

Texas Cor 4 Texas gap Erod Tide W A . 13 ; 35 259% 10%

T Irshsamerice

Ent nt- Fox

Twin Coach ...

Und Ell Fish: - S36 Union B & P iz “ie - 184% Un Pacific 2 :

tee Steel ve.. Un Stores A... 134 v: hig an Raalte ... 321 32Y; Voor him. Ba 2% I 2%

13% ....

3212 2%

C&Ck... “24 3 —We 1Ve 2Ya 8 5 5% Wayne Pump.. 30 28, EA ‘10378

-102 i Auto HH 28% d 2 pf.. 6 West Pac pf.. 15 West Union ...

51), 8 5% 0 87% 0

26%, 6Ya 1Ya 20% 20V, 118% 30 6% 37a Hh

18% 52%

1% 2%,

Woolworth ooo

cess io

Yng Sheet .... 52%

1938 High (Jan. 10) ......... 117.06 Bell Air

82.1/Gt A&P

4 | France (franc) ....

Yng Stl Dr...

Curb Sats

hoi High Low Aero Sup B ..es 57% 5% Alum Co Am ...127 126% Am Cyan B .... 27% 27% Am Lt & Tr.... 16 16 Am Lt & Tr pf. 26% 26% 9-16

39, gt nf 5 142 x. 1 16

. 30% 30%

Net Last Change + ¥% +1

+ YU tt ais 7A %

a =

a a ¥ =a

EENEETR ENE

ae oe

HE wR

Hecla Min _..... Humble Oil ees h C&N . Stl Chn.. 12% heed Air .. 36% Johns ... i

u wens 300

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- CI NW DH LAM NN

FEEL

re sR

Sue

= a

+H +

Un Lt&Pwr A.

FOREIGN EXCHANGE

' NEW YORK, Dec. 27 (1. P.).—Following are opening cable rates on major cur-

rencies: Cable Rates Net Change England (pound).

$4. Eng. (60-d. bill rate) ig Canada (dollar) 9 1- 33

Italy dial) al Germany (mark) .. . wi zerland ( TA ne land fides) oe weden naj) ee Soran (krone) .. ark (krone) pan yen)

‘es 00e 00 s00ssvs

“|which North America

» | Cincinnat

+ ul

WHEAT GOES UP, CORNHOLDS OWN IN FAIR BUYING

» Severe Cold Wave May

Damage Grain Belt; Liverpool Closed.

CHICAGO, Dec. 27 (U. P)~—A >| severe cold wave over the grain belt threatening damage to winter wheat resulted in fair buying of wheat futures on the Chicago Board of Trade today, and prices worked | © higher. Corn was firm. Wheat was up % to 7% cent, and corn and oats were % to 3% cent

higher. Trading in wheat was only of fair

Tie volume due partly to the holiday I ¥2|at Liverpool where the market will |

be ‘closed until tomorrow. Fears of

,|damage to the unprotected winter

wheat crop in ‘the Southwest prompted scattered buying which was sufficient to push prices up for good gains. The weather map showed subzero temperatures in some sections of the grain belt, and forecast continued cold. Winnipeg wheat ruled firm, gain-

2|ing % to % cent in the first hour.

.|Minneapolis and Kansas City were up % cent each. A holiday at Liverpool was responsible for continued quiet in for eign demand for North American

% wheat. World wheat shipments the

past week were 9,234,000 bushels, of

shipped 3,907,000 bushels. Corn prices ruled firm, partly in sympathy with wheat. Reports of

-|continued hot, dry weather in the

Argentine, threatening the new crop in that country, had a constructive influence. Local receipts were estimated at 75 cars.

WAGON WHEAT

City grain elevators are Savin for No. 7 red, 590: other grades their merits. Cash corn, new No. 2 vellow, 46¢c. Oats, 25c¢.

BANK CLEARINGS SHOW EXPANSION

; Twenty-Two Cities Record |:

Gain Over 1937.

Times Special !

NEW YORK, Dec. 27.—The volume of bank clearings expanded

*|sharply this week, rising above the |™ a! seven-billion-dollar mark for the first time in 21 months, or since Good

the week of March 17, 1937. The week’s total went above the com-

s|parative 1937 figure for the third

straight week. The aggregate for 22 leading cit-

|ies of the U. 8S. for the week ended

Wednesday, Dec. 21, was $7,252,827,000, against $6,645,524,000 last year,

san increase of 9.1 per cent.

Clearings at New York, totalling

1 .1$4,782,303,000, were also the largest

since March 17, 1937, and showed a

3, (gain of .11.6 per cent over the a |$4,284,256,000 recorded a year ago.

At outside centers, the amount was $2,470,524,000, compared with $2,361,268,000 for the same 1937 week, a rise of 4.6 per cent. Clearings for the period just ended exceeded by $1,566,118,000 the total for the December 14 week. The like comparison for the two similar weeks of 1937 showed a gain of $1,171,524,000. Only nine out of the 21 outside centers reported smaller clearings this week than a year ago. The more important advances included: Chicago, 20.4 per cent; Philadelphia, 9.4 per cent; Boston, 9.0 per cent; Cincinnati, 8.7 per cent; Louisville, 6.2 r cent; and Dallas, 5.9 per cent.

also, the daily average bank clearings for the months of October, November, and December to date: Week Week ~Per Dec. 21, ’38 Dec. 22, "37 Cent —000 omitted— Change Boston eee..$ 265,063 $ 243,250 Philadelphia cose 6,00 Buffalo .....ee00

Pittsburgh ..ceee Cleveland, cecsone

1 2 °

este Baltimore .csese Richmond Atlanta .... New Orleans Chicago ... Detroit .. St. Louis .. Louisville .. Minneapolis Banga city . esse

San Francisco... Portland, Ore. .. Seattle eee

3 2-3 FLEE I LE fr] | CWNAN DBAS OB SN ENCLO

32,619 37.026 37,174

3 «000¢.$2,470,524 $2,361,268 New York ...... 4,782,303 4,284,256

Total All ......,$7,252,827 $6,645,524

Average D Dec. (to aki ..81, 980. 350 $ 5 956 940,741 600 960, 434 986. 728

November case LOCAL ISSUES

October ....i.uve The following quotations do not repreJent actual bids or offerings. but merely ‘dicate the approximate market Ileve ased cn buy!ng and selling quotations of recent transactions.

Stocks

RR & i Me com.

Ask 53%

281; 54 13

Bid Belt R oe a Ya

Belt R R

Co *Ind Fiydro Electric Ind ie Gas.S, orp

ce 514% ped... = ce 6% pid .... b Service 1% % Pid. Progress Laundry Pub Service Co ot nd 7% % ped. Pub Bervice: ga of Ind 6% pid.

So Ind G&

Van Camp Milk Co Van Camp Milk Co cOm...ce..

5% 49. 1183 "5% 40. 1 ved 5

Investment Corp.. 24.64 . Ex-dividend.

(Bv M P. Crist & Co.) .

i081 05%

INSURANCE—BUILDERS

New Location

333 N Penn, St.

GREGORY & APPEL, Inc.

Real Estate, Auto Financing

Hog Prices Rise To $8.35 Top; Demand Is Good

Light and mediumweight hog prices were boosted 10-20 cents at Indianapolis today under a good shipping demand, according to 'the Bureau of Agricultural Economics. Weights from 160-250 pounds took the advance, all other weights and packing sows holding steady with last Friday and Saturday. The top rose to $8.35 for good and choice 160-170 ‘pound averages, widening Ye spread on 160-400 pound hogs $1.20. The bottom of the price list was $7.15 for 350-400 pound butchers. . Packing sows bulked from [email protected], with a top of $7 on light butchery kinds. Approximately 20 loads of steers and seven loads of heifers were all that was available in those classes oday. There ‘was an active and higher outlet for all classes. Steers, heifers and cows sold in a strong to 25-cent higher trade, bulls selling fully steady to strong. The steer top was $11 for a load of good 1066pound averages, several loads making [email protected], with bulk of the steer crop $9@10. Best heifers reached $9.50, with bulk [email protected]. Low cutter and cutter cows turned at $4.25@5,50, with most beef cows [email protected], top $7. The practical top on bulls was $7. Vealers cleared steady to 50 cents higher, the upturn on the close. An early top of $10.50 was raised to $11 near the close. Fat lambs sold steady with late last week, bulk of the good and choice native and fed westerns going at [email protected]. A double-deck of clipped yearlings made $7.

Dec.

17 19

2 ... 21 ...

Top Rects. Dec. $ 1.55 1500| 22 . 7.95 384d 23 ... 7.85 © 6360 24 .... 9.05 4931] 27 ....

Rects. 2833 2798 2000 8049

Top +$ 7.90 8.15 8.15 8.35

Barrows and Gilts Packing Sows Good and 3 Bod x Choice— ~300 ..$6.80140- 160 $ 1 on 8.25 LH -425 .. 6.65180. 5- 8.35! 425-550 .. 6.40iu

a e 7 7.25- 7.50] Slaughter Pigs 1. 56- 8. 00/Cood, 2nd €

Medtam ° . 6.75=

CATTLE (Receipts, 1768) Steers Bulls 00 12.00 Aa Fe 25- 1.00 J 500 He Fonem 5-n : 1135-1250 Cut. com 4.75- 5.50 0. 9.50-11.25| ers

7.50

1300 Common P Lo 750-1100

Common 4 Feeder and jocker Cattle

Coo. 900 ..$7.75- 9.00 800- 1300 . 7.50- 8.75

ediu 300-1050 . 7.00- 7.75 Common, 5 25% 7.25

Cows vee .$ 6.50- 7 6.50! Good ae Choice—

Medium., 5.75Common. 5.75- 6.50] 550-760 ..$7.00- 8.00 mon an 5.50]

Low cutter Com nd & cutter 4.00- mean 5.00- 7.00

SHEEP AND LAMBS (Receipts, 2625) Lambs Choice ..$ 2.0. 9.25] Medium . ood - 9.00Common . Ewes eeess.s.$ 3.50210.

Choice— 750- 900 $10.20-11.25| Good— 750- 900. 8.75-10.35| 7.75- Br

530-900 6.00 7.75 75]

.$ 7.00- 8.50 5.75- 7.00

Good and choice 4.50

Common and ‘medium “sesevens

CHICAGO LIVESTOCK

Hogs—Receipts, 29,000; directs, 6000; market, 1ai active, mostly to shippers aid Smal yiiiers; steady” nS Sitons. SDols cents higher an . Bulk, Sood and choice, Y160- 95. 1bs S50; "mart ji light 213: $00 18s Yonisei 0; ria ots lig an medium’ weight sows, [email protected]; big weights arou Cattic— Receipts, 13,000; calves, 2000: active market on all grades and classes 5 strictly good, choice and prime steers:an yearlings moving freely fo shippers and order buyers at firm shade higher prices; numerous loads, sit. [email protected]; sizeable “Sn Tight $12.75 u Spward; with $13.50 aid on High steers. $13.25 on long f bid and refused on choice heifers strong to 2 [email protected]; Sous cutters, sina 25; with $7 a

prime a cents higher, mostly slow, bus fully on bulls 0 to 15 cents higher, freely sh weighty sausage ofterings: vealoS nts coigisle supp: up stock n negligible s 8 Shee oe Recent ts, 9.000° directs, 1800; Jas lambs active, Sto to strong; spots, to 15 cents higher; Buk good: and choice LG a ; top slaughter ewes $4.50 o n ¥ed Westerns; hy vind $3.75@4 on Sativesr

OTHER LIVESTOCK

CINCINNATI, Dec. (U. P.).—Hogs— Receipts, £100, including 1110 directs; weights under 225 1bs., 20@25c higher than Friday and Saturday; weightier butchers, 10@15¢ higher; sows, steady, rather slow at the advance and prospects ior clearance uncertain; top, $8.45 for good and 1bs., $8.35; 200-225 hs: , $8; 250- '275 ibs., $7.80; 275-300 ibs., $7. 60; 300-350 Ibs., $1 [email protected]; 140-160 lbs., [email protected]; 100-140 DS. RE @8; bulk good packing’ SOWS, 96a.

Cattle—Receipts, 1000; calves, 855 2 oii steers, yearlings and heifers, ‘medium to good, trade strong to 25c¢ higher; medium weight and weigity steers and plain to medium grades lightweights slow and about steady; cows, steady to strong; bulls, firm; load i A ht steers, $9.75; part load, $9.50;others, [email protected]; few mixed light yearlings, [email protected]; plain down to $7 and $6.50; load near 625-lb. fed heifers, $9.75; part load, $9.50; truck load, [email protected]; heavy heifers, [email protected]; plain grades, $6.75 and less; good beef cows, $6.25 26.50; plain and medium, $5.50@86; cutter grades, [email protected]; few, sausage bulls, ‘$7; most vealers, strong; naactical earl good and choice, [email protected]; own.

sales, top, $10.50; others, $9

Sheep—Receipts, 200; none direct; very little on offer early, market quoted steady with last week’s close; good trucked-in native lambs eligible [email protected]; choice up to around $9.75; common and medium grades, $7@9; culls, $6. 50 and less; slaughter ewes mainly $2@3.

FT. WAYNE, Dec. 27 (U. P.).— Market 5@15¢ [ighe; 30-150 1bs., Hor 15: 160-180 lbs., $8. os 180-200 1bs., $7.95; 200 20 1bs., $s gy : 1bs., $7.60; 80-260 Tbs. ‘ $7.30; or ‘355 1bs., $7. 15; 325-350 ibs., $7. gs: 120-14 bs , '80: 100-120 Ibs. 7. hg $6.25; $5.25. Calves, 510. Lambs, $9. Ho og

LAFAYETTE, De 27 (U.. P).— Market steady to 2! 1 22005@

$8. 8.35; 190-2 560 5 s., $7.35@ 7.25; pigs, $7.75 down; roughs. $6.75 down. Calves, $9.50@10. Lambs, Ci 50@9.

FOOD PRICES.

CHICAGO, Dec. (U. P.).—Abples— (Michigan) Mavintosh, be [email protected]. Sweet Potatoes—Tennessee, nampcrs, 95c@$1. Carrots—Illinois, i) 3550c. Spinach—Missouri, bi... 50% 60c. matoes, (Florida), Jugs $2. 50943. Cauliflower —Calirornia, crates [email protected]. Peas— Salifornia, hampers.’ $5. 300 D5. 13. Celery— Michigan, souare crates. 75¢ @ Onion market (50-1b. sacks) —Tllinots JSlovws, 50@'i5¢c. Idaho SN Spanisa, 1.05. Idaho White, [email protected].

st ags,

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LRN RGILIRIE:

WOODSTOCK TYPEWRITERS CO. oe Pennsylvania St. LE4712,

Your 8

Any amount opens an account. Save

AFA 0 (PRN

(X02. % ASSOCIA {

E402

LLL 7491

0/2,

3.50 | 13

5 ernment; €:

$5.50; practical top : .25@T; | °

AS BANNER YEAR FOR AIR TRAVEL

Expect Stabilization of Industry Under CAA, Airline President Says.

Times Special CHICAGO, Dec. 27 —Pointing toa substantial gain. in air passenger traffic during 1938 despite general business conditions which adversely affected business travel, Pivsiaent W. A. Patterson of United Afr Lines) today forecast substantial increases for 1939 on the basis of several factors expected to influence air transportation favorably. Airlines expect stabilization of the industry ‘will be aided by the provisions " of the ‘Civil ‘Aeronautics Authority of 1938, and 1939 will be the first full year of administration of the Act by the CAA, Mr. Pai-| terson said. Establishment of equitable air mail rates now under consideration by the Authority are essential, and the Authority under the new law is empowered to determine and grant rates for carrying the air mail which are fair and reasonable. “The year 1939 looks substantially brighter in prospect than the year 1938)” Mr, Patterson said. “Any further improvement in industry will be reflected in increased air traffic. Naturally the two fairs, at New York and San Francisco, will be of material assistance.

which must be dealt with during the coming year, including equipment. Introduction of four-engined airplanes in actual seryice will probably not be accomplished during 1939. An intensification of the program of public education is needed. It is also important evidence of the constructive intention of the airlines to act together in their common merchandising problems. »

CHICAGO PRODUCE

* Butter—Market firm. Recalpie. as 2% gross lbs. Extra firsts, 90-91%. s 261 @?26%c; extras, 92 score, 27c; firsts C2534 26Yac: seconds 24l>c;. specials. 93 score, 27Ya@27Yz¢; standards 263. @27c; centralfel. 88 score, 25%c; centralized, 89 score,

Eggs—Ma rket firmer. Receipts 7012 Fresh graded firsts, cars 24lzc, less c: extra firsts, less than cars 26%,¢: checks, “No. , 20c, 18c; cur=pont receints 23Vsc; dirties No. 1, 21c, No. 19¢c; refrigerator. extras 22%c; refi erator SHAndards 2215c; refrigerator

Philtry— Market” steady to firm. Receipts 1 car, 23 trucks. Ducks, Taise: geese. 14'%c; hens, 15@18c;: Leghorn hens, 1%c; spring chickens, 165318c; roosters, 11% 2@12¢; broilers, 15@17c;. turkeys, 17@

Chee ese—Twins, 13% @14Ysc: 14Ya@14%c; gajsies, 14Y,@14% Potatoes upplies hele . slow account of cold weather; steady. Wisconsin Round Whites 5 commercials) $1.10: Minnesota and North Dakota Cobblers, [email protected]: Idaho Russet Burbanks and Colorado Red McClures no sales reported; street sales Florida Bliss Trlumphs (bushel erates: [email protected], ¥. 8S. No. 1 B $1.75. Arrivals, 1997 Sh track, 316: shipments: 478 Saturday, 13 Sunday, 45 Mon ay. re ce ———i————

LOCAL PRODUCE

Heavy breed broilers, 4% lbs. and over, 13c; hens, under 4'% lbs., llc; hens ; heavy breed hens, ldc; ne ‘White Rock springers, 1% lbs. over, 13c¢; colored springers, 172 1bs. up, 12¢c; Leghorn broilers, 1% lbs. and over, lic: spring chickens, 2 1bs. and up, c: old roosters, White ducks, ? tos, and over, 11c; white ducks under 5 1bs., 9c; colorsd ducks, 5 Ibs. and over, 9c; colored ducks, 5 ibs. ahd over, 9c} colored ducks under 5 Ibs, geese, 9 to 12 Ibs.; 9c; young tom barker 14° 1bs. and over, 19c: young hen turkeys, lbs. and over, 20c; crooked breast turkeys, 1l1c; i tom turkeys, 1l4c; . 2

, | Ueysic st. ictly “fresh try rictly “fresh country run e 24c; each full case must weigh b 54:1bs. aes over; a. net. deduction. of 8s cents for each full case under 54 Sins, will be made;

putlet oe No 1 281; @29 No. 2, 2 y [vH 0. 6 1. 2%: N Q

tter—No. 26%5¢. . Butterfat—No. 0. 2, 20c.

(These price quoted 2 the Wadley Co.) rr eee ie

U. S. STATEMENT

WASHING oN Dec. 27

oJonghorns, Trading

marke S

nsés current: fsoal ears throu h Dec. 22, pared ¥ith a y x . D 5 coms 36 $3, Lg 465,235. 4) 3.099,859,645.64

Ean DO JCJ a et et NG

Customs 51,518.67 205, 986,891.44

INDIANAPOLIS CLE: CLEARING HOUSE ings $2,977,000 Debit sesevsavetsa rissa a 6.503.000

Yg Th al

‘{at. 2 p. m. tomorrow.

“There are numerous problems)

rstsi V

U. -P.). ov and LL for. heb p 3: 13

Jim-Big Town, WFBM, 7:30—Al Jolson, WFBM. 7:30—Information Es NBC. 8:30—Fibber McGee, WIRE, “8 00—Bob Hope, WIRE.

“Back from its week’s holiday vacation, the Indianapolis Symphony Orchestra will resume its CBSWFBM series of weekly broadcasts

Lest our yuletide mood vanish too quickly, Conductor Fabien Sevitzky has selected a program preponderantly | “Christmasy.” Of the three scheduled compositions, two are of] a seasonal nature. They are Philip James’ Overture in Olden Style on French Noels, and Tschaikowsky’s {“Nuicraker” Suite, the familiar selections from his music for ‘a Christmas Eve ballet. The other programmed number is the “Unfinished’ Symphony of Schubert.’ You probably have noticed before now that Mr. Sevitzky includes American music on each of his broadcasts, as well as on the programs for home consumption. Thi: week's native son, Mr. James, is well | known organist and choral conductor, and professor of music a New York University. His best known works are th “Bret Harte” Overture, which th New | York Philharmonic-Symphon has played, and his suite, “Statio WG2BX.” This latter won the NB orchestral award in 1932—rathe ironically, too, since it is a sthel broad satire on radio’s program ma

Incidentally, the fod) orchestra seems to be reaching a far-flung audience, as witness a “fan letter” which Mr. Sevitzky received recently trom a listener in Central America.

| 2 ” [4 | WIRE also is getting into distant fields with its new transmitter. A, recent after-hours “DX” broadcast (which is for fans who sit up all hours. of the night trying for faraway stations) brought letters from 22 states and the District of Columbia, and from two Canadian provinces. 2 2 =» Three popular entertainers are going visiting tonight. Fred Allen has agreed to appear on the “Men Only” program (7:30 p. m., NBC= WIRE) to heckle the assembled ex-

perts engaged for some 1939 fores casts. : The year’s business forecast will be by Dr. George W. Gallup, whose National Institute of Public Opinion polls appear in The, Times. John Gunther, author of | | “Inside Europe,” will look into the future of foreign affairs. Abel Green, editor of that theatrical Bible, Vari-

|| ety, will predict trends in the amuse-;

ment field, and a sports expert, as yet unnamed, probably will. forecasts another American League pennant. for the Yankees. And Fred will: disagree with all of them. At 9 p. m., on the same network, Lum and Abner will bring their cracker-barrel Philosophy to the

terial.

(The Indianapolis Times is | INDIANAPOLIS WFBM 1230 (CBS Net.) Lorraine Lyrics

Program Lea, rungs’

(NBC-MRC) ke X Program

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Christ, Howie Earl Gordon __ Light's Or.

"News Melbourne’s Or. Second Husband

Science Wing

Poilce Court

Easy Aces Varieties Art Ber:

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Biz, Town

Al Jolson Men's Prozrath

We, The People Goodman's Or.

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5358 5863 8%

Fibber McGee

! |

Dr. Christian

Jimmie Fidler __Viewpoin ts

Bob Hope |

Uncle: Ezra Jimmy Kemper

Amos & Andy ews | Breese’s . Or. |

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~ New C. G.

Baum’ s Or. Miller’ s Or.

SPS Love WD eds

hor.

ry Newspaper of Air Johnny Presents

Crumit-Sanderson

| {Bob Heme shew.

2% 8 8

THIS EVENING

not responsible . nouncements caused by station ot Fesvans ress Sa ounacin = Stiuam an

INDIANAPOLIS WIRE 1400:

CINCINNATI (NBC-MBS) BE i ameeee

Don Winslow Unannounced >

Lowell Thomas Amos & Andy. Do nen H It on’ elieve Inside Sports Johnnie » »

Men's Program

CHICAGO WGN 720 (MBS Net.)

Decker & Piano Johnson Family Melodies Jane > Anderson

Jazaro’s Or. Terry Concert Or. Orphan Annie

Cant. Midnight Sonce rt Or. Sports Review Inside Sports

oud . Heidelberg Lightning Jim

Don’t Believe It Clifton Utley Tomorrow's Trib. Gabriel Heatter

True Detective Heidelberg Or. Northerners

Crumit- Sanderson : Fibber McGee

True Detective Busse’s Or, Uncle Ezra Farber’s Or.

Pau! Sullivan Stabile’s or.

Sones ar. William's or.

bd wh | fd dh fd | Le Rae save

Hr 3p

Shaw's Or.

Or. Strikes p Spares Or. Travers’ Or.

; Roger's

hes uk hn = aan S252 mS

——

INDIANAPOLIS WFBM 1230 (CBS Net) Early Birds Roundup | » » Devotions

Musical Clock ”» ”» 1

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”» ”» ”» ”»

Richard Maxwell Montana sim

873

» » ”» »

Ras

SWS:

News

xen sladeied Wm

Roundup )__ Apron Strings Better Healt

FS -

Hamilton’s Or. Moon River ” ” ”

Review

Dance Or. } * " Traver’s Or.

WEDNESDAY PROGRAMS ~~. INDIANAPOLIS WIRE 1400 9 (NBC-MBC)

CINCINNATI '- (NBC-MBS)

Checket'board Valley Folk

‘Time to Shine Feter ) Gian ospe nger Chuck Wagon

Paul Allison Mornin £, Sing

Linda’s Love

INDIANAPOLIS WIRBRC 1050

Rambler: ed ones

Breakfast Jam ”» ”

Over Coffee Cups Band Wagon Top Notchers Devotions

Southernaires her Wife

Kitty Kelly My Ot Plain Bill Ww

Marge Kitchen

rt & Farrell's

hd os a

on 20

Fact Finder Party Line Bir Sister Life e Stories

David Haru Lorenzo Jodies Widde

oman in White ==

Bro Editor: s Daughter

Kay Bartlett

Ferde Grote Hall's O

Monitor on Ravthm Makers Books Old Refrains

Morning, Sing

Unannouneced The Goldbergs

Julia Flake Vie & Sade News Road of Life

"Mary rv McBride ; Singin’ Sa Linda’s Lov

Farm Hour |

Sy HTD

oh pk bp

Market Report

5 Noms Gordon d¢Stepmother

“Manhattan

ond fd Sh ¥en bt fd PS

i» ». |

Headlines

kd panei | 6s

3 ‘Voice of

“WIRE id

Noon Rhythms ” ”» Boy Greets Girl Back Home Sleenv Hollow

Rangers yey Cowboy Songs

Editor's Daughter The Q'Neills

ws. Farm Hour ” ” ¢ Farm Radio Yoice ot Farm ey Gilman's

irene Beasley Betty & Bob Light’s Phi Mu Aipha

__ Merrymakers

PhD HSHST S223

Betty Crocker

ughter:

Betty & Bob Grimm’s Daughter Valiant Lady Betty Crosker

Dick Leibert SIsnis Moods Shut-In Friends Bandbox

~ Indpls. | Symphony

Progress Parad ” : ”»

30 SH

Varieties

. ’ WIDIOID bd pk wa

RI WA EE

LeBrun Sisters Dance Time | 8 8 Madeaps

Ta:00 Dr. J. T. Shotwell 4:15 March of Games 4.3% Tea Tun nes

Sella Dallas Sade 5 én Alone

Lk U. Program

News Mibute Int V. Fraser's

KEY NETWORK ST.

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

or.

IAS,

MUTUAL—WOR, 710; WHK, 139 |

Backstage Wife

gn brviews Silent

Mary Marlin Ma reins

Pep ; Guiding pr Kitty Keene

Piano Moods Swingsters Concert Hour

Hawaiians ary Paxton Dance Or. Unannounced

Jamboree

Hatterfields ; Hannah a

erry Jack Armstrong Paralysis Talk

ONS (Subject to change):

160; WENR-WLS, 870; KWK, 1350. 070; WWJ, 920; WMAQ, 670.

820: KMOX, 10; WBBM, 770. ¥

+ WHKC, 640; CKLW, 1030; WSM, 850.

(Reprint, Indianapolis Star, December 3, 1938.)

® What y

earn can be divided

into two f Inds; for expenses and

for savings

Railroadmen’s |

Savings invested

Saving “Share Ac-

counts will flow directly into local

industries which in turn help you

rs. to hse fromis Treas: Q

to earn your |

iving.

Why not make your money do

double duty—work for you and

for the co

munity.

Westmont Accounts’ Insured .

.00,

up to $5,

IB ene

(REE

A131 ]E SAVINGS AND LOAN LE

Rg DIRNADROLLS