Indianapolis Times, Indianapolis, Marion County, 10 January 1939 — Page 15

STOCK LIST DIPS AFTER CLIMBING

2 POINTS EARLY

Majority of : Issues Retain|

~ Gains; Aviation Shares Are Strong.

NEW YORK, Jan. 10 (U. P).— Stock prices dipped from the highs in early afternoon trading today after an advance ranging to more than 2 points. > A majority of issues retained gains and there was no pressure. Aviation issues were sustained by anticipation of a favorable response to the President’s armament message . later this week. Douglas Aircraft which had touched 72 eased to Ti, still up 13%.

A * Steel shares were steady, featured 4

‘by Bethlehem which held at 76%’ up

Am 1. DuPont was up nearly 2 points. Union Pacific rose more than ay

point and Sears Roebuck a point. Chrysler dipped after a rise of more than a point.

Domestic Ronis Firm

A Numerous special issues were pop-

including Dunhill InternaIndustrial Rayon, McGraw | A

ular, tional,

Electric, Servel and Libbey-Owens- 4

Ford. jcals and building issues

than a point.

Domestic corporation bonds firmed A

“in quiet dealings while United States | Government loans and foreign funds advanced irregularly. Postal 5s pushed up % point in relatively heavy trade in a firm communication section. Utilities were] moderately higher. tral refunding 5s paced the upturn

in the rail group on an advance of |B

1% points. * Aeros Face Demand Moderate demand for aircrafts

ar C&O featured an irregular trend in curb g

stocks. Trading wasaquiet. Lockheed extended an early 1 point gain to 1% to lead the aviation list. In allied issues, Fairchild Aviation was up 7%. Utilities were firm. Fractional gains ranged to % point in American Gas & Electric. American Cyanamid B was off % in a generally lower industrial section. Mining and oil shares were ‘neglected. :

”

Today’ S Business At a Glance

GENERAL BUSINESS

Automobile Manufacturers Association estimates December produc-:D tion of automobiles and trucks 411 ,-

200 units vs. 390,350 previous month | HARES

and 347,349 year ago; 1938 output I 2,659,881 units, smallest since 1933, vs. 5.016,437 in 1937. Oil & Gas Journal estimates week ended Jan. 7 crude oil output averaged 3,206,392 barrels daily, oft 435 from previous week.

CORPORATION NEWS

General Telephone Corp. reports December telephone gain of subsidiaries 1009 vs. 1124 year ago, 1938 gain 13,097 vs. 28,105 year ago. Interstate Department Stores Inc. (including grocery and leased departments) December sales $3,230,162 vs. $3,105,569 year ago, up 43 per cent; 11 months ended Dec. 31 sales $22,283,031 vs. $25,745,819 year ago, off 13.4 per cent. Madison Square ‘Garden Corp. quarter ended Nov. 30 consolidated profit $145,063 vs. $147,239 year ago;

six months profit $8,056 vs. loss $28,- Int In

851 year ago. Montgomery Ward & Co. Decem- {in ber sales $57,084,529, new high record, vs. $51,360,407 year ago, up 11.1 per cent; 11 months ended Dec. 31 sales $408,044,956 vs. $10,699,653 year ago, off .6 per cent. Northern States Power Co. system |K week ended Jan. 7 electric output 25,732,834 kwh, up 1.7 from year ago. OklahoLia Gas & Electric Co, 12 months ended Nov. 30 met income $2,404,094 vs. $2,797,601 year ago. Potreto Sugar Co. and subsidiaries fiscal year ended Oct. 31 net loss $156,036 vs. net profit $41,341 year

ago. F. W. Woolworth & Co., Ltd., 1938 preliminary proidt £6,961,141 vs. £6,490,014 in 1937.

RAILROAD REPORTS

Atchison Topeka & Santa Fe Ry. Co. week ended Jan 7 carloadings 17,733 vs. 15,028 previous week and 17,617 year ago. Chicago, Milwaukee, St. Paul & Pacific’R. R. Co. week ended Jan, 7 carloadings 16,223 vs. 15,148 previous . Week and 18,382 year ago. *

DIVIDENDS

Bloomingdale Bros. Inc. 18% cents on common payable Jan. 25 record Jan. 20 vs. like payment Oct. 25. Cuneo Press, Inc. 75 cents on common payable Feb. 1 record. Jan. 20. Company paid 50 cents Nov. 1 and on Dec. 14 declared an extra 75 cents payable Jan. 12, 1939. Globe & Republic Insurance Co.

' of America quarterly 15 cents pay-|$

able Jan. 30 record Jan. 20 vs. 12% * cents each in 3 previous quarters. Lincoln Printing Co. regular quarterly 87% cents on preferred payable Feb. 1 record Jan. 20.

K Washington Oil Co. 25 cents pay- o . able Jan. 14 record Jan. 11 vs. like|Mu

' payment Oct. 10. F. W. Woolworth & Co., Ltd. final 1 shilling 9 pence less tax vs. like ‘payment year ago; company also de- ‘ clared cash bonus 9 pence per unit

FOOD PRICES

CHICAGO. Jan. 10 (U. P) Apples— Michigan Mackintosh, shel. [email protected] ~ 8weet potatoes—Tennessee, . bushel ham- © pers, 95c. Carrots—Illinois. bushel, 25 ) 50c. pinach—Texas, husghel. 3302500, “Yomatoes Florida, lugs, [email protected]. Ly Liflower —Galif ornia, crates, _ $i. Ta Peas—California, hampers, $2.75@4. Celory Michigan. square crates, 25c@$1. Onion

(50-1b. sacks)—Idaho sweet Span-|Ark N G

92Vsc: Minnesota yellows, 85¢

SEE FINAL EDITION OF THE TIMES FOR CLOSING STOCK "QUOTATIONS

A Chrysler rose 1% to 80%. Chem- A were

higher. Marshall Field gained more |Arm Ck

New York Cen- B

Davison ghem.. & RG W

Elec Boat Elec Pwr & Lt ity

Fair Morse .... d Mot F, Mc cu cv pf 1085

Gen Electric ... Gen PF 3

Gen Motors ... Goodrich .

Hecker Prod

BOYS IN CCC PROJECTS

RAR RRRAR R

1935 6 MO

Science Service-Pictorial Statistics, Ine. 1-10

WHEAT STEADY AFTER DIPPING INEARLY TRADE

Corn Drops 1/3 to V4 Cent; Oats Are Unchanged to V4 Cent Lower.

CHICAGO, Jan. 10 (U. P)— Wheat prices steadied after an early fractional dip on the Chicago Board

of Trade today. At the end of the first hour wheat

N. Y. STOC.

Ey United Press

‘30 INDUSTRIALS ay vrrenherens 150619 Ciasvevecesa terres 158.64

Month Ago .. . 149.59 Year ATS . 153.35 High, 1938-39, 158.41; Nowy 98.95, High, 1937, 194.40; low, 113.64.

Net Last Change V2 | Yesterday

Week Ago

Jsterday 32.50 Week A ol 33.78 Month jo cess vnsnnnn 29.86 Year Ago 32.25 High, 1938-39, 34.33; low, 19.00. High, 1937, 64.46; low, 28.91. 15 UTILITIES Yesterday Week Ago Month Ato

Yea gh fas. 39, 25.19; low, 15. 14. High, 1937, 3%. 54; 10v/, 19.65.

DOW-JONES STOCK AVERAGES

—L1.35 —1.12 +0.94 +0.

was unchanged, corn off % to % cent, and oats unchanged to % cent lower. A weak Liverpool market and more scattered moisture in the Southwest wheat belt attracted scattered selling at the outset, but fair support developed on the decline. Trading was light. ‘Liverpool wheat closed % to % cent lower on the threat of large Argentine offers. Winnipeg wheat stayed close to previous closing levels in dull trading. Export sales of Manitoba wheat

43 Olovernight were estimated around 08]150,000 bushels, with demand re-

ported quiet today. - The weather map showed scattered rain in Kansas, Oklahoma 7/and Nebraska. The forecast’ was 3 for fair and cloudy weather with 14|Jittle precipitation.

ish Low ? | Lone Star Cem. | 59 Loose-Wiles Bis 10% 19% Lorillard 212 21%

is +

59 19%

Refin . Atlas op ese

Bald L %- coves Balt & O Barb As Bendix th Stl

Ps 3 OO pI ENO BS

“1st ow 3617 Bee gh! ot: 111% nn HNY ..... inn-Moline .. 5%

: — RES

Butler Bros .. Byron Jack ...

ueller

% ullins Mig B 63%

1, : %/N

Canada Dry ... 19% 83Ys es 45%, «13

36% Ya

187% 83% 45% th

Ya 15% - 140 8Ys 4 2038 1% 23

17 1106s 13%

Nat Dairy pf B.1 Nat Distillers. . Nat Gypsum.. Nat Lead nf A Nas Pwr & 3, | Nat Tea NY Centrai. | YNH&H .

2 Va 15% A140 8Ys

y. . Ch M St P&P pf Chi Pn ool pf. Chrys se "Moly Co Cluett Peab Colum Gas .... Com Credit .... Com Inv Tr . Com Solvents .. Comwlth & So.. Cons Edison ... Oliver Farm Ea 28% Otis Stee owens Th Glass. 8 —Paia cess 29%

78 . 12%

28% 14 cae 66 Cont Oil Del .. Corn Ex Bnk Crane Co Ya Crane Co pf ..107 Crown Zeller .. 14 Crucible St .... 4 Curtiss Wr .... Curtiss Wr A .. 253%

Pac G&El . Packar e Paramt Pict “es

28% Yulk

8 of ts 13 Dev 32° 32 Dixte- Vortex A 34% 20 32% 70Ys © 165g 1497, es 14 11% —l— an he 228

s | Rad . 7% Ralic Sti ve : 23% Richfield oil .. 10 Ruberoid 29%a —S

St Jos Lead oe 3% Er

asco

a % 23 i 108

41% 3998\ 2 23% 349, 27% 15% 1834

Firestone T.. Flintkote 287s

107%

'oods 11 14Y, 67s

2 Ya

! an Ya 157% 642 9%

Gen Ry Sig .

Sieptcune on. Sun Min ...... .. 10% 10% te omestake

Texas & Pac .. T & PC & O .. Thompson Pr .. Tide W A Oil ..

vu: 28 20% | 20% oud Her B ... 15% 15% 2% 38° 35

udson Motor..

recent transactions.

ud Bay M&S. 35 3 .% Timk-D AX ....

FUDD MOIoY «+a Transamerica ."

; ont fe 11 Central .... 18% 261%

Vv 141 . 557%

18Y 2612 14%, 557

535 1314 8% 87%

4 ves 13% ant T &.T .... 83 Int T&T For .. 8% —— ...101% 101% —p—

Us Ca... U S Pipe & FP... g S Rubber yas

Johns Man U S Steel ....

31% 28% | 282 —We— Warner Bros oo 8Y, West Auto Sup. 24% West Air Bke.. 29% | 29% Worthington .. 21% | 21% —Y— «0s 30% | 30% 20Ys | 20% 51% | 51%

Vanadium

3 Va-Car 6 pf..

Kennecott 1 K at

fesge SS oy 6Ys 24%, 1534 5 26, 37% 44Y, 10%s

LOCAL ISSUES

The following quotations do not represent actual bids or offerings, bui merely indicate the approximate market level based on buying and selling quotétions of

a|Yale & T.... Yellow Tr .... Yng Sheet ....

N. Y. Bonds

BOND PRICE INDEXES 20 20 20 } Inds. Rails Utils. Yesterday ..... 86.6 60.6 95.6 Week Ago ..... 86.6 61.7 99.8 Month Ago .... 858 | 67.4 68.6 Year Ago 83.0 | 69.6 95.0 2 Years Ago ... 94.8 | 100.9 105.7 1038-39 High .. 87.3 | 90.0 99.8 1938-39 Low 4.9 | 471.9 87.3 1937 High ..... 95.0 101.2 106.0 1987 Low ...... 80.1 | 69.3 92.3 1936 High ...... 94.8 | 100.4 106.2 0.0 | 84.7 103.5 (Copyright, 1939, Standard Statistics Co

and rinse

Stocks

A WA i

lt dk ot 3

r 1% pf. . , Home T&T Ft Wayne 7% ‘ofd. . Hook Drugs Inc com.. .e nd 4M h 1% or os : nd Hon Sve So Pie wa ydro-Electric . ndpls” Gas Co md

EI RICE HOD IDI CO 3 $= a

~JOW DI

eI : N Ind Pub Service 52% Prd. . Ind Pub Service 6% pfd .... N Ind Pub Service 7% Be pid... rogress Laundry . Pub Service Co of Ind A fd. Pub Service Co of Ind 67% pfd.: 30 Ind G&E 4.8%

U. 8. GOVERNMENT BONDS Treasury Bonds High 337-4 sees 110

Na = »

3%s

0 EEE OT PaO

Dri

MIDI O0INOOD

—-— DX

Con lo]

/28 315s 3s 24s 1959-56 .. . 394s 1963-58 .........102.30 . DOMESTIC BONDS x | High Aller Corp be 49 ...... 70% AB & As CY salve 12% Beth 8 Bei Shae ss. 0

Ry 5s Py 8 Goodrich %Ves 56 .. T&T

Co a 60 .. Stores 5% 50.. Ya ks 5% 656 .....10

8Y4 6Ys

BONDS igh

Richmond Water Tes 5% 57... 16: a Seymour Water: Wks 5 5% 49...10¢ T Haute Water Wks 5% ‘100% T Haute Watér Wks 6% 497 Tract Term Corp 5% Market St. Investment Corp... Coa. 61

(By M. P. Crist & Co.|

Curb Stocks

High Low Jd26 128 27% 26% LL 8% 55% 5% 1% 31

FOREIGN |

Argent 4s 72 Feb ... Australia 5s 57 Brazil 62s 38-87 { da 6s 5 .

Net Last Change 126 + Ya 267 — Bg + %

: d 8s 50 . Alum Co Am.. Tokio 5%s 61 . Am Sysn B ... m Rep ¢p .... Ark N Gas A cu pl Bath Ir Wks... Bell Afr ...- Berkey Ga Brewster Buff NE!

pt.. Carrier Corp . Cities Serv Cl

5% —_—

a 7% Ya

a Gas El Bd & : wl h 6 of 641% Fruehaus Trail, 11% Gt A& . 13%

Tune] inatl

ead Johns . idwest Oil .

NEWS

Every Mon,

Net Last Change

Bonds 82.3 82.7 80.6 82.5 100.4 83.0 %0. 100.7 81.1 100.2 93.3 2)

ing of corn in the local market, but traders were not inclined to press the selling side and trading was dull. More beneficial rains were reported in the Argentine corn belt. Local grain receipts included an

» |estimated 43 cars of corn and 21 je | cars of wheat.

WAGON WHEAT

City grain elevators are paying for No. 7 ved, 62c; other grades on their merits.

a Cash corn, new No. 2 vellow, 46¢c. Oats, 25¢c.

. LIVERPOOL WHEAT U. S. equivalents based on sterling at ! sqnly $4.66%)

- Prev. Low Close Close S874 $ 84% $ f1%s 3 sa B4o

62 .62} 63% 3%

Bh s

64% 6214

637s

5 SALES IN DECEMBER SET HIGH FOR G. M.

Dealers Building Inventory, Comparative Figures Show.

March (old) $ March (new) a HY oo 51 new).. J 4 637%

NEW YORK, Jan. 10 (U. P).— General Motors Corp. today report-

2 |ed its total sales of cars and trucks , | for December at ‘187,909 units, the largest for any December in the|}

company’s history except in 1936,

| and sales for the full year 1938 at

the lowest level since 1934. Sales to consumers in December were about 31,000 under the sales | to dealers, indicating building of

12 | inventories by that amount.

Total sales in the United States, Canada and overseas for Decem- |,

7 per were 187,909 units, against 200,-

256 in November and 160,444 in December 1937. For the year 1938 the sales totaled 1,307,749 units, against 2,116,897 for 1937, the record year. Sales to consumers in the United States in December were 118,888 against 131,387 in November and 89,682 in December, 1937. For the year sales in this group were 1,-

+1001,770 units, against 1,594,215 in | 1937.

POSTPONES HEARING ON CARGILL CHARGES [3

WASHINGTON, Jan. 10 (U. P.) — The Commodity Exchange Commission today indefinitely postponed a hearing on charges that the Cargill Grain Co. of Minneapolis manipulated corn future prices in 1937. A hearing on the charges, made by Secretary of Agriculture Henry A. Wallace, was scheduled to start today. It was postponed until after a hearing on charges by Cargill that the Chicago Board of Trade violated

% ithe Commodity Exchange Act by

expelling a Cargill subsidiary from the exchange in 1938.

DAILY PRICE INDEX"

NEW YORK, Jan. 10 (U. P.)— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 equals 100): Yesterday ...oesecssesasssess 105.62 Week AZO v.usenrscsisrvesse 105.78 Month AS0 \veecesscessennsess 10451 Year Ago ..v..:... . 1938-39 High (Jan. 10, 1938).. 117 » 1938-39 Low (June 2, 1938).. 102.43

New Business Books Available at Library

The following new business 4 books now: are available at the business branch of the Indianapolis Public Library.

ADVERTISING AND SELLING THROUGH BUSINESS PUBLICATONS, bY Mabel P. Hanford. “The first volume ever published to ap raise the value of trade paper

advertising. WORLD FINANCE, 1937-1938, by is an ile financial

Paul Einz “Paul nzig Journalist Whoo has the ol ft of making fontsmporaty ir Jnsncisl istory excite ing and entertainin

SIT DOWN WITH JOHN L. LEWIS, y C. L. Sulzberger. Y.fewis has filled more columns of denier print than many Presie

NDBoOK oF JETEOLEUM ACCOUNTING & . W. McKee. Procedures EB,

Ht ate * producing. refining, marketing, with salople; 2 ;

TO FINANCE AND MARK SPECIALTIES } AND INVENTIONS, ey ames Mara “A specialty is somethin Tequiring above-Gverage sales intel gence an Perseystanse. RLD ECONOMIC SURVEY, 19a comp. by the League of Nations. .

1 A break of 1 to 2 cents at Buenos Aires was responsible for early sell-

SEVILLE'S

FOOD QUIZ

P. M.=WIBC ‘Wed, Fri.

|Top Hog Price Off 15 Cents; Vealers Firm|

Hog prices for weights between 160 and 250 pounds were 5 to 15 cents lower today, according to the Bureau of Agricultural Economics. Prices for weights below 160 pounds were 25 cents lower,-while heavier weights were steady. Top for 160 to 170-pounders was $8.05, 15 cents below the $8.20 level that held for five days. ‘Vealers were steady at a top price of $10.50. Small supplies of lambs sold steady with the week's initial losses, but relatively few offerings were on hand for the $9 top price.

* Top Rects.|Jan,

Top 7. a 11,000

. Rects. et 1500

8 250 55

Barrows and Gilts Packing Sows d and

Goo Choi “300 $ 6.50- 6.75 160- 160 50 $ 7.25- 8.05 340- 425. 6.35- 6.60 160- 180. J.90- 8.05 425- 550. 6.10- 6.45 180- 200. 200- 220. 5.85- 6.45 220- 250. 250- 290. 290- 350.

CATTLE Ply mn Cho Te Steers 750- 00 $10.50-12,00 900-1100 11.00-12.50 1 90-1300 11.50-12.75

9.00-11. 2

All A G'd NE = 7.50 Medium .. 6.50- 7.2 om. 5.50- 6.50

ers

Lv .$10. 20-18. 50 ~~ 9.00-10.00 9.50-11.75

7.75- 9.25

Calve 8.00- 9.50 (Receipts, 408)

Choice— 250-400 - . ..$8.00Go od 003 100-30-5 900 $10.00-11.00! omg > B80. 750- 900. 8.75-10.25] wl Cathe

edium-— | teers 550- 900. 7.75- 8.76|G Common— ..$7.75- 9.00 550- 900." 6.50- 7.75 0 « 7.50- 8.75 > Cows I

50( 0 ‘e 5: 7.75 Common * 5- 7.25

ter an Cholce— & cutter 4.25- 5.50) io 0-760 4 .$7.00- 8.00

mon and Cone . ar 00- 7.00 SHEEP AND LAMBS (Receipts 792) Lambs | Good a dq 8.50- 9.00! ain .$ 7.00--|Common. # 5.25-

900

-1300 °

-105

ood a en 8.50 6.75

Good and choice

.$ 3.50- 3 50 Common and medium. ,

2.00- 3

3 CHICAGO LI LIVESTOCK

Hogs—Receipts, 117, S00; mostly steady on weights 220 lbs. down, with some weakness on light hogs; heavier butchers unevenly 5@15c higher than Monday; top, 87 90: bulk 160-230 1bs:, [email protected]; 240-325 lbs., [email protected]; good medium we ight and heavy packing’ sows, [email protected]; iightweights up Cattle—Receipts, 8000; calves, 1200; fed steers and yearlings less active, undertone 25c lower; except on few loads outstanding offerings of value, to sell at $13 upward; hardly enough done to make a market; more yearlings in crop and general killing quality improved; early top light steers, $13.50; 941-1b, yearlings, $13; few loads good to choice weighty steers sold at $10.75 @12.50; all interests bearing down not only on steers but other knling classes; cutter cows active, however, n to $4.75; weighty sausage buns up to 87.25; vealers, $10.50 down; very few heifers in crop, best early, $10. Sheep—Receipts, 7000: late Monday fat lambs and yearlings weak to 25c lower; most lambs 15@25c off; top, $9.25; others [email protected]; bulk, $9; top yearlings, $7.75; today’s trade slow: fat lambs weak to 25¢ lower; good to choice offerings, [email protected], best held above 32 sheep, steady to easier, extreme top, $4.5

OTHER LIVESTOCK

. CINCINNATI, Jan. 10 (U. P.).— Receipts, 2400; holdover, 80. Stea cents lower; is $8.10; 200-225 Toss $17.85; 100-140 Ibs, T5@1. 50; most good pack:

in “Bat s ano; calves, 300. Active ihe era u steady; most ER poly” rs and ®ivearlings. $ @9.2 9% wo short loads 50 lbs. sho Br $9.60; os beef cows, £6.50@ cutter grades, $4.715@6; practical to ous, feb702 and choice Yealers, $10 Shee Lambs— eipts, 100; dy: ood and hoice trucked-in native and fed estern lambs quoted from [email protected]; few lots common and medium sold, $7@9; slaughter ewes, mainly, $2@3. FT. WAYNE, Jan. 10 (U. P.).—Hog Steady to 15 cents lower; 140- 160 1bs., 350- 180 1bs., b

Ar KT

Bsa: ‘2

0 U0,

hs, $6.25; stags, $5; Die 4 $10. 50; y . ca. S, $8.75. x

LAFAYETTE Jan. 10 (U. PY alos market rady to 20 cents Jower 160-190. 1ks., $7.80@8: 100-220 1hs.. [email protected]; 220-260 jos Rin lai. 40; 260- -325 Ibs a 6.60@7; pigs,

roug down; calves, $9. 0aisy Nambs> 38: 2528. 7s!

Chicago Stocks

High Last Aetna Ball B .......... 8% Autom Washer ........ Bendix Aviat . 265s Butler Bros Chgo Corp . Comwlth Edison

arvis ciesesssese 25% Marshall Field ....oe... 2 Mid West COIP coveeees 7% No'wesy BANC ..sseees 17% Quaker Oats Bt sesess 153 Rollins MOS ...cveveeess 2%

18%

U. S. ST

WASHINGTON, Jan. 10 (U. P.).—Government expenses and receipts for the current fiscal year through Jan. 7, compared with a year ago: This Yea Last Yea +.$4,745,284, 136. 50 $3.899,883. 260. 7 .. 3.009,13 ,616.76 3 736, 145, 519.83 1,711.012,119.

Low 8%s

Expenses Receipts .. Stross Det.»

2, 1.194, 333. 23 37.353. 933: 593.02 12,755,036.245.79 219,462,780.70

Gold Res. 14, ,566,004.482.22 Customs 168,758,086.18

INDIANAPOLIS Qlearings - Debits

HOUSE

..$3,039.000 ..10,356,000.

Cable et

Rates Chan NEW YORK, Jan. 10 (U. P.) oe oiow= ing are noon cable rates on major cur-

ncies* Eng land ( une) 3 4.67145 00! Pe 60- & pur +84 4.86% . 1d +0 16

ode sT 0000%

CIEARING GS

( 1

jor fany (trav. mk.) Witzerland (franc). . Holland (guilder) ...

Norway (krone) .... Denmark (krone) ..

22349 "2087

ed 000,000 bushels, only 3 per cent

lence” with the wheat trade.

Z|acreage reduction policy. Twenty-

3s day’s meeting.

ONLY A PARTIAL NAZI SOLUTION

Reich Still Needs Edible Fats, Oil, Copper, Iron, Board Asserts.

NEW YORK, Jan. 10 (U. P.).— Germany's 1938 annexations failed to solve her population and supplies’ problems and return of the empire’s former colonies would bring only partial solution of those perplexities, the National Industrial Conference Board asserted today on the basis of a study completed by its economic research division. If Germany continues her “drang nach Osten” (drive to the East), the most important gain, in all probability, would appear only if Rumania “should come under the 0) Relch’s economic domination and 51should supply the petroleum Germany lacks” the board said. Annexation of Austria and the Sudetenland increased the German population about. one-seventh, increased tillable soil by 5,000,000 acres and added 10,000,000 acres to German forest preserves. But what was not added to German resources were the edible fats, copper, iron ore, oil and cotton which the Reich sorely needs, the survey showed. Former colonies of Imperial Germany, including Togoland, the Cameroons, German Southwest Africa, German East Africa and a few South Sea islands, do produce some of those supplies Nazi Germany needs, but. authorities agree that none of them, under present con-

of the excess German population or present facilities to supply more than a fraction of Germany’s material requirements. What is agreed, is that Germany wants these colonies returned “for strategic and political reasons” the survey said.

BOARD TO ACT ON

International Board Convenes in London to Plan Recommendations.

LONDON, Jan. 10 (U. P.).—The International Wheat Advisory Committee met today to consider a situation affecting farmers throughout the world. Wheat available for export far exceeds the demands of countries which import wheat.

The International Institute of Agriculture in Rome recently esti-

1,135,000 bushels, 60 per cent higher than for the 1937-1938 season, while the import requirements were 540,-

higher. The committee hoped to make recommendations to various Governments to remedy the situation. In this respect, it was expected to consider ‘Governmental “interfer-

The United States decided last

5: year to subsidize the ' export of |

wheat on a large scale. Canada, Argentina and Rumania also resorted to export subsidies. At the same time importing nations, fearing war, adopted new measures to encourage home production’ and established “security” reserves of wheat. In reply to questions by Dr. Carlos Meddia, Argentine Minister to the Netherlands, Lloyd V. Steere, American representative on the committee, said the reduction of acreage in the United States is not the result of drought but of the Government's

one nations were represented at to-

MONEY CIRCULATION HITS ALL-TIME HIGH

" WASHINGTON, Jan. 10 (U. P.) — The Treasury reported today that more money was in circulation in the United States at the end of the 1938 than at any other time in his-

tory, : On Dec. 31, $6,851,199,807 was cir=

amount was equal to $52.42 for every man, woman and child. Money held in the Treasury totaled $16,175,687,978, virtually all of which was in gold and silver bullion.

LOCAL PRODUCE

breed broilers, 3% Ibs. and over, Peavy re inde 41% 1bs. ; Leghorn

1% th Spring chickens, old rosoters, 9c. No. 1 strictly fresh counity Tg eggs 14c; each full case must weigh 54 lbs. and over; a net deduction of Tse for A full Sase under 54 lbs. will be made. No. 2, 26@

26m tte hr AB No. 3 ai 2C, utterfa (Prices quoted by Wadley’ Co.)

—

fhe strictest confidence.

Service.

PERSONAL LOANS Procrastination is devastating. . .. If you #@ embarrassed by personal financial problems consult one of our officers now. Don't wait until tomorrow. The details of all personal loans are treated in

_ positor to avail yourself of our Personal Loan

The INDIANA TRUST COMPANY

OTTO N. FRENZEL, President : Member Federal Deposit Insurance Corp. J

You need not be a des:

wus win The Merchants National Bank

CONQUESTS HELD

ditions, offer a place for settlement |

WHEAT SURPLUS

mated the exportable supply at}

culating outside the Treasury. The}

- TONIGHT " :30—A1 Jolson, WFBM. Ef 30—Information Please, NBC. 8:30—Fibber McGee, WIRE. 9:00—Bob Hope, WIRE.

Gabriel Heatter undoubtedly scored the radio scoop of the new year when he signed the recently freed Tom Mooney for his “We, the People,” program, 8 o'clock tonight, CBS-WFBM. } Mr. Mooney is to tell listeners what he proposes to do with the rest of his life. s #8

You wouldn't call Alexander Woollcott a glutton for punishment, but nevertheless, he’s coming back for more at 7:30 p. m.,, NBC-Blue, on tonight's “Information, Please,” program. - Mr. Woollco.i was an expert target for Clifton Fadiman’s questions when he appeared on the program a month ago. Oscar Levant, composer and pianist, will join forces with playwright and author to answer most of the musical = questions. Franklin P. Adams and John Kiernan, also two old hands at the question and answer_game, are the other members of the conspiracy which will attempt to catch Mr. Fadiman in his own traps. ° -

8 2 =»

Starting at 3 p. m. tomorrow with the Inauguration Handicap at Hialeah Park, it’s “off to the races,” with the Mutual network and WFBM every Saturday afternoon from now until the last of February. For the benefit of turf fans the broadcasts will include the Ft. Dallas Park Handicap this Saturday, the Hialeah Stakes, the Miami Beach Handicap, the Bahamas Handicap, the Everglades Stakes, the McLennan Memorial Handicap, the George Washington Handicap, the Flamingo. Stakes and the Widener Challenge Cup classic ® 2 Gilbert & sie “Patience,” in an abbreviated form, will be pre8 8 8

INDIANAPOLIS WFBM 1230 (CBS Net.) 4:00 Senate Talk 3 15 Bohemians 4:30 ‘fea Lunes 4: 45 ” »

(NBC-MBC

Basonolo Varieties

aan

53/5852 58535582 5358

. Christ. Howie

Science Wing Jordan Cons.

ov’t. ick T Poilce Court

News F. H. A. oe | id Second Husbgnd ” ”» Ni

Varieties Big, Town Al Jolson

We, The, People

Goodman's Or. Fibber McGee

Dr. Christian

Jimmie Fidler ___ Viewpoints

Bob Hope

Uncle Ezra Carl Baker

OP! WRR® | Deleted 22a maa

News : C.. Baum’s Or.

| New Casa Loma Or. Breese’s Or.

THIS EVENING

(The Indianapolis Times is not res ible ft o nouncemetits caused by station chances i a Jenrasios a orosram ai :

INDIANAPOLIS WIRE 1400 IL v Program New! ar

Lazoro Ensemble

Oscar Shumsky ewspaper ot Ar

Johnny Presents Men's Program

Crumit-Sanderson

Amos & Andy s

sented at 7 o'clock tonight NBC-Blue with Muriel Wilson, prano, singing ine Roe role.

smith, tenor, as Archibald Gro: nor; Ivy Scott, soprano, Lady | gela; Walter Preston, baritone, si ing Reginald Bunthorne and Calverley, and Alma Kitchell, ¢o

tralto, .as Lady Jane. Harold fans ford will direct. |

2 ® 2 . For literary-minded listeriers, John T. Frederick of the M:dill School of Journalism at Northwest= ern University, wil present ano‘her of his “Of Men and Books” pros grams at 3:45 p. m. today, CBS= WFBM. Books to be discussed are “Bubbling Waters” (Clark B. F'ire= stone), “Behold Our Land” (Russell Lord) and “Canoe Country” (Flore ence Page Jacques). 8 ¥ 8 Don’t forget Benny Goodraan, king of swing, in his “Swing School” at 8:30 tonight, CBS-WFBM. of course, he will have a guest star, not to mention that “sweet” siriger, Martha Tilton, and a “jam session” by the Goodman quartet. Ak 8 #4 8 : i Still musical but of a different sort will be a concert and discus= sion of American contributions to the symphony over the American School of the Air's “Music of Amers ica” program at .1:30 today irom CBS-WFBM. Bernard Herrmann will direct the concert and Prof.

will comment. ® .8 8 Among better guest artists on to= night’s radio datebook are Charlie Butterworth on the Bob Hope “Aire

WIRE, and Kate: Smith, Jim Tully and Reed Vetterli, singer, author and former G-Man, in the order named, who will be interviewed on the “For Men Only” broadcas: at 7:30 tonight, NBC-WIRE. HE

88 nn

CINCINNA'Z (NBC-MBE) Jannas,

Ian Armstrong Paul Sulliva an Don Winslow Eddie Rogers Unannounce Lowell fhomai)

Amos & Andy

arieties Dont Believe . I Inside Sports

Johnnie Men's Progrars

CHICAGO WGN 720 (MBS Net.) Decker & Piano Johnson Family

Melodies Jane Anderson

Lazaro's or. err

y Concert Or. Orphan Annie

Capt. Midnizht Concert Or. Sports Review: Inside Sports

old . Heidelberg Lightning Jim

)

Don’t Believe It Clifton Utley Tomorrow’ « Trib, urgen’s Or.

True Detective Don Pedro’s Or. Northerners

Crumit-Sande ‘son Fibber McGes

Variety Show Uncle Ezra | Richman’s _Or,

Paul Sullivan Unannounced | Salute |

Concery or. en’s Or. wif am’s or.

S. Kave’s Or. Strikes & Spares Roger's Or.

Sudy’s Or. ° Martin's Or.

INDIANAPOLIS WFBM 1230 (CBS Net)

Early Birds Roundup

. Devotions Musical Clock 5 ” ”

Richard Maxwell Montana Stim Roundup Apron Strings

Kitty Relly

Bohem Kitchen

Sentral of Lg F areil's

Plain Ane

Fact Finder Scattergood Biz Sister . Life Stories

Mary McBride Nancy James Farm Circle

David Harum Widder Brown Editor's Daug Singin’ Sam Linda’s Love Farm Hour

) Farm Program News Headlines

Stepmother Man hat ta n Party Line

r. C. of C. School of Afr

fra rk fn Joh

LJ wenn coco’ wa mee | SEER | BREE A a is | $908 08 pas 5

Betty & Bob

Valiant Lady Betty Crocker

Indpls. Symphony

”» ”»

Inaugural a nica Dance

Navy Band

”»

Dallas Vic & Sade Girl Alone

”»’

March of JSames News Tea, ne: Minute Jutery

Vari eti

me BES hms BRN SE

WEDNESDAY PROGRAMS

INDIAN APOlLIS (NBC-MBC)

Breakfast Club

Woman in White

Lorenzo Jones

WIRE Reporter Voice of mxper.

Fool Quiz Grimm's Daughter rope? "Moods

Hollywaod Girl Progress , Parade

Between Bookends Sackstase Wife

x U. Program w

Hamilton's Or. Don Pedro's or,

Moon River ”» ”»

Review | Melntire’s Or.

CINCINNATY : (NBEMBS)

Checkerboard | Valley Folk- |:

Time to Shing sFéter Grant Announced

uck Wagon Paul Allison

arg Hilltop House Devotions Linda's Love | Kay, Bartlett Ones Updn Ro ag ? e Matinee ag » n The Goldbersl Unannounced| & Sad

Farm News Road ot wife

Editon s Daug O'Neills |

oh Farm Hour ” { Farm Radio Voice of kari Happy nh

Betty & B Grimm oD Valiant Lady, Betty Crocke

Mary Marlin Ha Parkins | r un, Guiding oe

Mad Hatterfitlds . Midstr . Beautiful Life Kitiy Keene

Hannah

INDIANAPOLIS. WIBC 1050 Tabernacle oo» ” _ Breakfast Jam

Over Coffee Cups Band Wagon Top Notchers

News Matinee Books Grofe’s Or.

Noon all » ” Boy Greets Girl

Back Home Sleepy Fotiow Rang Fret "Dudgeon

hter

In Friends Bandbosx

Pianorama Rhythmakers Congzert Hour

Swing Concert Mary Paxton Legislature amahinis

Jamboree i a errv Serenade Jack Armstro} Si Paralysis Tal

lent

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; WIR, 750; WHAS, 820; MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM,

KMOX, 1090; WBBM, 770.

UTILITIES POWER & LIGH

the District Court of nastern Division, Utilities

missio;

to for the At Dives Odor & L debentures and claims whic are described as follows:

(8) 30 Year 5% Gold Debentures of Ut February 1, 1929, due February 1, ever, unger which it is iss ing on and after February 1, 20 Year Sa% dated June 1927 has been Sr = accordance

may be

and after Jun

or holders of dated July 1.

First Morigage Gold

928, due July 1, after January 1, 1

and

claim, print

write, or stamp upon ‘the bonds

Utilities Elkhorn Coal C ch Debtor. Consequently the claims d referred to. district Court for the Chicago, Illinois, wherein Utilities being reorganized under

tive claimants. Each tender shall be in writing, companied by the debentures tendered specified. Tenders of claim " or Utilities Bikhorn assignment of said aa the Utilities Elknorn Coal C

assignments of said claims. positaries on or accepted. All tenders shail be . debentures and claims respectively: if

each lot tendered sha.

deoéntures and/or claims

all or any part of the Sebentures held b lot of debentures. having t tenders are received from h

ings, BS Fes in escrow pursuant to a suc his rights ghall ave Bo gecided review shail have b

claim ultimately shall be allow rincipal amount and accrued ye older or claimant on tender shail be f the sum shall be released from es SerOw thed oLL No Bank and T § Cork icago. New York, pose. o o said jender.

ve been

row Teem positaries or fro

Sins in Sad Gop South iss, OF Ire

estate. of said Debtor, 3

NOTICE TO HOLDERS OF DEBENTURES OF AND CLAIMS AGAINST

In! peeordance with the ayshorization ors the Securities and Exchange Cc e

Jalsidiary of Utilities Power & LIarchase, by tender, of debent ures of and cla ht Corporation, Debtor,

has been accelerated in accordance with sued), to which shall be attached all coupons mat

9317. Sela, Depen'ures of Utilities Power & Light Corporati e June 1947, (the maturity of this issue,

which it was Jsgued) to which shall be attached all coupons maturing Claim against Utilities Power & Light Cor OTaHIon, Debtor,

1948, (the i of been accelerated), to Ni shall be attached all coupons maturing on Fi d 37. The alleged claim shall be represented by writ assignment covering the holder's right, he shall authorize the Depositary hereinafter mentioned on the accompanying + holder, an appropriate notice of such assignment as aforesaid. erein mentioned is dependent u mination of whether a contract dated : cmpeny, and the Trustee in the indenture un: these bonds were issued, effected a guarantee of these bonds b

must be deposiied in escrow, pursuant to the escrow agreement, hereaf

All other nis heretofore filed in Case No, 64605 in the United Sta Northern District of Illinois,

Section 77B each such claim shall be by written instrument duly signed by the vd

the Debtor on account of the owners! Company bonds s 0 Utilities Power & Light Corporation, Limited, & Company bonds upon wnich said claim is predicat! Wenders of other claims against the Debtor All tenders ig be received by one of said before January 25 239, atter which date no tenders shall a

tendered than the amount available for that Jupoee will suffice to purcha st first be purchased up to $5,000 principal amount of {hi cl tendered, and purchases of any remaining amoul shall, to the extent, practicable, pe made pro rata, provided that no tender orporation or ante ms an

25, 1939, shall have been accepted. Ihe. so he jaoIne ol i owner shall aot” ders of debentures or claims, plete Ne Darial defense has ig established or is penging then the sum payable 2 sae debenture ho debenture holders or OlAmAAtS only

term. goby TREN mine and satisfactory

ot ers Trust C nq Menufas ‘designated as “Gebositaries

g the financial

T CORPORATION, DEBTC

me ict 8 ers ms | The 1)

Led howe the indentjire r=

on, er, der on

by the Trustee oal Compiny this issue has also

ted Power

States for the Northern Dist: Light Corporation, Limited Light Corporation, Debtor, off

at a price of 70 flat. tendered (subject to certain limitatio ilities Power & Li

Corporation, da 1959,

ght (the. maturity of this issue the Nios of

owey with the terms of the indenture un

onds of Utili Elkhorn

title and interest in and "to su bonds and coupons of Ih (Liabil on the ultimate detsr= 1898, among the Debt oT:

e ily ter

tes at

3C=

July 1

y escribed herein, upon tender, necessal

Power

of the Bankruptcy Act.

and. tenders of debentures shall be and .the unpaid interest coupons ab

AC ve

hall be accompanied by a writl

shall be accompanied by writ

flat of the principal amount of

si mo po debentures and claims sha

- subsidiary. thereof shall be accepi ehentures made on or before Janu

than ¢

permitted; co!

to w, ngetermime le ders or claimants. ; which provides for payment | : oo (1) such proceedin Questitn. 3 the a court and a (2) the dispute holder or ogi the rt in which said | and 3 the Procesding or dispute q der z claimant shall be . BUC al ul

hl ” sacl See 3 reduced sim pavanle o's and the b

Company 2; Chicago, i orth 5 road Str for the

condition of Utilities Power & may be used in connection with ent above mentioned, m m Charles True Adams, Street, Chicago, Illinois.

b: inated

Peter Dykema, Columbia University,

show” at 9 o'clock tonight, NBC=