Indianapolis Times, Indianapolis, Marion County, 16 January 1939 — Page 15

. Central New England 4s of 1961 lost

*

———

Le Si

oe

IN IRREGULAR ~ STOCK MARKET

: Gains Range to More Than Point in Preferred List; Trading Small.

° NEW YORK, Jan. 16 (U.P).— Stocks moved irregularly today, fea-

tured by firmness in utilities. Trad-|

Gains ranged to more than a 2 point - dn utility preferred stocks. Fair actiyity at firm prices was

noted. in Consolidated Edison; Amer-|

ican Water Works, Electric Power.

& Light, Engineers Public Service 2

and North American. Cerro de ‘Pasco and American ~ Smelting were strong. Building issues were higher. Small gains were noted in Aviations."¥. 8. Steel lost a point, while Bethlehem held at the previous close. Motor Shares registered small losses, «

Bond List Irregular

Domestic corporate bonds recovered after a hestitant start and turned higher in edrly dealings. - The list moved irregularly in a quiet trade at the outset, but demand increased subsequently and] the undertone improved. Alleghany Corp. 5s of 1949 led the upturn in rails with a point rise at 70. Other leaders in the carrier division generally had narrow gains.

more than 2 points against the trend. New York City: Traction Co. Yours were favored in a firm utility group. Brooklyn Manhattan Transit and Manhattan Railway bonds were.up

more than a point, while Inter-|B

borough Rapid Transit issues had :.early gains ranging to nearly 2

points, Industrials set up modest |B} gains. U. 8. Government obliga- Boe

_ tions followed a similar trend. Curb Stocks Higher

B Curb stocks turned higher after

early irregularity, on moderate demand for industrials and utility |B shares. Aluminum Co. of America was up 2% and Niles Bement Pond up a point but active industrials were | &

only fractionally higher. Carrier oa

Corp., Fisk Rubber, Babcock & Wil-

elove Cox and Technicolor shared the|§

advance. American City Power & Light was up 2% points and American Gas & Electric up a point in the utility section. Aircrafts were dull and price changes fractional. Oils were idle

to 2 points in New Jersey Zinc. ” vw 2

Today's Business|: :

At a Glance

GENERAL BUSINESS

PF. W. Dodge Corp. reports 1938|D

construction awards in Greater New York 1937, up 13 per cent.

los General Motors-Cornell World

Price Index of 40 basic commodities in the week ended Jan. 7 stood at 60.6 vs. 61.0 previous week; U. S: Index in gold 62.7 vs. 63:2 previous week.

National: Lumber Manufacturers Fun Association reports holiday-week|.

ended ‘Jan. 7 lumber output of 511

mills 150:876,000 feet vs. 124,998,000 Gen

feet by 533 mills previous holidayweek; shipments 154,759,000 feet vs. 168 566 ,000; booked orders 155, 391 ,000| CG feet vs. 157, 682,000.

_R. L. Polk & Co. reports De-|So0drk

cember new passenger car registration in 18 states 50,290 vs. 42, 856) a previous month and 40,949 year ago; truck registrations in 18 states agu:8 vs. 5,392 previous month and 7,526 year ago. Magazine Steel reports steel opera- |B Soe last week up 1 point to 52 wer cent. CORPORATION NEWS

Int Affiliated Fund, Inc. Dec. 31 net

assét value $4.29 a share vs. $3.84 year ago. Chemical Fund, Inc Dec. 31 net assets equal to $10.65 a share vs. $9.80 Sept. 30. Mountain States Telephone & Telegraph Co. 1938 preliminary net income $3,264,987 equal to $6.79 a share Vs. $3,456,178 or $7.19 year ago.

DAILY PRICE INDEX

' NEW YORK, Jan. 16 ((U: P)— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 equals 100): .

Saturday «..ieueeeeesssensss.105.46 i |

Week ago ee’ Seca nss ete ven ves, 105.62 Month ago 900000000000 0000s0s 104.49 Year ag0 ....................11630 1938-38 high (Jan. 10, 1938), 117.06 1938-39 low’ (June 2), 102.43.

U, §. STATEMENT

WASHINGTON, Jan. 16 (U. P.).—Government expenses and receipts for the current fiscal

pered with 3 ear ; : Expenses .. 4,867,015, 748.65 Expopees -statnolsiites pati din = Gross Def. . Ton deo tests €56,000,362.32 Net Def: .. 5,116.19 616,660,112.32 Cash Bal. . 3.006 98.583 41 2,959,349,767.46 Pub, Dent, Bese 98 37/300 0 a 43 Res. 14,586.274.016.47 12.159.338 435 o5

Customs ...- 174, 103: 720.67 '224,025.004.02

INDIANAPOLIS CLEARING HOUSE

Clearings ..... Ben isvsnnis asia vnis 2,868, Debits Cal Ne ae

Amr FOREIGN EXCHANGE

. , NEW YORK, Jan. 16 (U. PP). - ing are noon cable ates on nto.

rencies et Oghie e Rates * « Change

England (pound) 67 9-16 —.00 3Eng. (60- oh Fe ate). ass 13- Te ~—.00 ie Canada (dollar) 90 5.3%. ol France (frane) ..... 0263 15-16. | 0. [taly (lira) ...... $526% 00Ya Belgium (belga) .... '.1691% —.0000Y, Germany (mark) ‘401414 —.0000> Ger av. mk.) .2235 — Switzerland (fran 220 -—.0001%

e c) 2W9% —.000 Holland (guflder) ... .5435 a Sweden (frona at. ves 2407 00032 Norway (kro 2349, =—.0001% Denmark Oy: os 12087% =.,0001

SEE FINAL £DITION ~~ OF THE TIMES" POR. . OTHER LATE NEWS AND =

closing toc”

fosrrig,

a et, seesteremene, : wey "sass Sey

THAN FARM TS AND FOOD

5 Sagi ay

PRR

VIN NAGAS

4

v1

saves yyy refit E NL

of : olay ILL i 11 1

selected Bisiness’ ‘Indicator by U, §. Department ot Commerce.

ST 0OCK S

By United Press . DOW-JONES STOCK AVERAGES

tte nl aye t

d ses 10% | AamE ep oa U8

I++]: BEF SES

a DBD BB Py 5 585 BE e+ ctOn vy oe —

tle

.. °

3ald Loeo-ct.... 15

ts

Sens 5

DIEEERL HLL

Z| Pullman ....... 35% 35% 35%

Solven Hy but gains in the mining list ranged Gone" Alr Es 8]

nunnn ho

Yo Skelly * "oil Siwy 25% 25% - 25% Socony Vacuum. 13% - 13% 11, So Am Gold ... 2% 2% So Por R Sug. 16% 16% 16: South Pac .... 3 1 2

$392,250,000~ V8rn$346,201,000-in lec Auto Bic 2%

ie e 1 pf Bre an Airlines

W Pa P 6 pf. 116% 116% 116 72 | West Pac © > Jen us

ac : . West Air Bke.. 20%, -29Y, 29, Westing El atte 1g 11

Ww i Woodward Iron 24%. 24 13812

AEE

FE ES

Wrigley ....... Me Me Ma

+1

Yellow Tr . 19% 19% 19 Young Sheet | . 50% 50% Frétd —————— ie a TB

Hl

= »

v . - ¢ $s shee a

ont Wea cess 48.

CHIE IEE

Nash-Rely, sess. 8% Ja Nat, Blak “ 43%

Evang wa

year Jihrough Jan, 13, com-|Nat Lead tf B. 40 140% pr Ra by 7%

LOCAL ISSUES quotations do not jnaicate. ine imal market - recent ana ons.

®

Home ToT Pt ower 1% of 2% ait 52 ¢ ‘com. :

I pi Ind Hydro Electric 7% pfd..

§incoln Nat Life Ins N Ind Pub Service 5%2% pid. N Ing Pub Service 6% p oe N Ind Pub Survie. 1% EP ian

Pub Service Co. - ma’ 7% pid 44% Pub Service Co of jive pid <i

In 4.8% T Haute Title Elec 0 com. Milk Co ‘IVan Camp Milk Co com i... 10

ind. d-Aso x 46% 6 0 2 Tndpis Railway ht i ot ov

i Tel& Tel" 5% 6 | Kokomo Water Wks. So Lusner Packing Co 4%s forris 56:10 Stores, - Wks

1936 1937

co. 80 INDUSTEIALS 4 Saturday ves Week Ago .. 3 Month Ago ....,

High, 1938-39, 158.41; low, 98.95. _ High, 1937, 194.40; low, 113.64, - >4 RAILROADS

Saturday iv vecssvecieisine 31.95 +101} iy | Week ri cesessssnssncassas 3250 —0.43 Month AZO ..ovosccccacasnes 30.24 0.11 XOAF ABO ...iue nevissoinnes 31.81 —0.52

High, 1938-39, 33.18; low, 19.00. High, 1987, 64.46; low, 28.91 15 UTILITIES +0.99 0.42 -0.18 -0.80 ‘High, 1938-39, 25. 19; low, 15. 14, ‘+ High, 1037, 37.54; low, 19.65.

: : Net ‘High Low Last'Change

Nat Steel ..... 76% 16% 18% — Y

at. Sup Penn. 17% 13% 13% =—

N¥ Central’. 20" 1% 1% ZT % Yo & 2 Hp Br,

No Amer. -..... 23% 28% 2 —'y No Am Avni. 17% 11% ‘17% .... No Pacific .,... 13 13. 13 + %

-—0 0 He Otis Steel ..... 18% 13% 13% — %

a a

Pac Am Fish .. 6 8 6 + % Pac. Coast 1 pf. 13% 1% 13 . ac Coast 2 pf. 5% 5s , 5} . Pac G & El ... 20% 29% 28% Lu Pacific ‘Ltg .,. 431% 43% 43% + % Fe Fist an An 42 ult aramn ct . -_— Ys Parke Davis ... 4112 41} 412 = 3 Penney .s.... - 78 78 vane Penn Coal & CC. 1% 1 1% + 3% Penn RR .....: 2% 2213 223 — Phelps Budge « 41 — % *hillips Pet «41% 41 41 + 12 Pitts Stl pf © . 42 42 43 sees Proc &- G I 17 117 HT eden Public Serv ... 33 33 33. iee Pub Ser 7 pt. 1133 13 © 133 4 3%

Pl : Radio .........s 7% 73% Ph — Y% Reo Mot ..... 134 1 188 ...: Republic Stl > 1.93% 23 23 —-— 3 Revere Cop ..:., 17% 11% 17% + Y A Met o A 13 = Ya Rey n Tob. B ..: i fn 42% 42% +

Richtield ol”. 10 10

Safeway’ Seas sd 32% 32 1% 32Y Schulte R ..... "3 Ya

Scott Pap ...... 462 soi 46% jears Ro Roebuck.. 72% Th 32n

smeesae

in - = >

Co.. ne #|Syme-Goula kw LE + Ya Texas ‘Co 46? 3 a fa ast 34 : -Co 2 3% i Ce Vg

Voolworth ..... ‘49 49 Toons % “49%

IHL] + iH + £

Chicago Stocks ©

Aviation & Tran vee “3% Cent Sta P&I, of’ sexe 4

4 Sent & BW Ui | vrevvese 1% © 185 1%

a PRODUCE

Alum Co Am ..123 Am cit PL A. "39 13 us, 3 Heavy breed broilers, 4% lbs. and over, Am Pan B.... 26l 2By 326i; |. 13c; hens, under 4% lbs.’ 13¢:. Leg a Nor suse 11-1 5 11-16 ... ‘| hens; 8c: Barred and White Rock spr bhi a asf’ / A... 3% 3 3 + 'Y ers, i jps:-and over, 13c; colored spring- | 4550 SEE ...-. HL ers, 134/1bs. and a. ; Leghorn brolers. 16 11-16 41-18

1% i and over, ier heavy breed hen 14¢; shite , chickens, 4 1bs. nd over, 150;

old, No, a (57) otly Slo country run eggs, 1] 14ec; finn must wel n. 3 1S and a a net eduction of a ig or

or Soret Net de or 28% 1b ben i, gaa butterfat. 42 Saas %

“Brices “quoted by No. ite Co.) Tr

i |COAL PRODUCTION {= DROPS IN INDIANA. imp

Bituminous coal production in Indiana for the week of Dec. a1 Was

5 877,000 tons, a decline = from * the

406,000 tons of the previous week |] v and also below the 398,000 tons mined in the corresponding week a

year ago, the: National Coal Commission reported today. National bi ous production

totalled 7,872,000 tons compared to % 8,400,000 tons in the previous week ‘} and 6,115,000 tons in: the sorsesponding week a. year. B£0. .

casfoes 148.26 741.74 A 150.19. —~1.35 savers 150.38 £0.02 wl Xear Ago... . iain, 132.48 —1.82

High Low Last|; 3% 3%|C

1938

2 STUDEBAKER

~ SALES ARE ip

Fourth Quarter Increase Amounts to Climb of 12 Per Cent, Times Special : :

SOUTH BEND, Jan. 16.—~December factory sales of Studebaker pas-

senger cars and trucks amounted to 4994 against 4720 in 1937, a gain of

58 per cent, Paul G. Hoffman,

president, announced today. For the fourth quarter of 1938 ny sales

amounted to 20,306 as compared with 18,130 in the same period of 1937, a 12 per cent improvement. “While Studebaker sales declined along with those of the entire industry during the first nine months of the year,” Mr. Hoffman said, “the

manner in which Studebaker took

advantage of the changed . condi-

tions which came in the early fall ‘|is borne out by the fact that while the industry as a whole showed, in the final quarter, a slight decrease | from the final period of 1937, Studebaker had a 12 per cent gain. Due to this expansion in sales in the final quarter, our total sales for 11938 represented a reduction of 42

per cent from 1937 whereas the industry as a whole is estimated to be 47 per cent off for the year. “December registration . figures are’ not yet available, but Studebaker registrations in October and Novem-

ber were in sufficient volume to change our relative position among He passenger car makers from 13th in

1937 to 10th position for the first 11

%|months of 1938. The indications “|are that we will be in 8th position for the final quarter,” he said.

Stocks.of passenger cars in Stude-

baker dealers’ hands on Dec. 31, 1931, amounted. to 6871, a reduction of 28 per cent from Be figure a year earlier.

During December, U. 8. dealers

reported total deliveries of 5198 as

against 3865 for the. same month {4 ast year. 3

BOND PRICE INDEXES ; 20 20 20 60 Inds. Bails Utils. Bonds

Saturday +00405:86.2 60.0 99.8 82.0 Week Ago ..... 86.6 60.6 996 . EE sess 86.0 589 985 gL1

ng +. 829 6823 953 82.1 Tr - 949 101.2 106.0 «100% ~ +818 700 998 30 — + 74.9 47.9 87.3 70.7 ! <--. |1937 High ..... 950 1012 106 100.7 4 120g, [1987 Low ...... 801 69.3 923 ga : + 15(1936 High ...... 948 100.4 1062 100.2 oal 8% 8 Ah i Ya 1936 Low ....... 90.0 94.7 103.5 93.3 Us For set o 2% os -— 3 i (Copyright, 1939, Standard Statistics Co.) elg . U 8 Gypsum .. 108% 107% 108% + wl U. 8. GOVERNMENT BONDS Demir ia fh dh oo], TY Ren U 8 Steel ...... % 641s 64% — 1° |3%s 1945-43 saveerens 110% 10 ues |: v 8 Steel PI..TY UT MAY + 3|3Y%s hea 107 1107 307 n Stores A pi 2% Je 3s joes | Iyseiae i 13 Hi His | dail Sam cavees.. 102.20 103. ; Vanadium ..... 2% M% 2% 3 1900-85 11oin0ne does 16414 i518 tn Van Realte pf. 134 + 114° 134 4 30s 1960-8 ;100ocee 10428 i333 Joss W— 2%s 1963-58 1111010010330 1083 103.2 Walgreen ...... 1B 18 18 Federal Farm Mortgage Bo Walworth ...... 8% 8% 8% “ 38 1940-44 ......... 1077 20rg 107.7 ; Ward Bak B.... 2% 2% a . Home Own ; ! PlwPaE17pf (108 105 108 3%s 1849-39

3s 1082.24 171ttoc 4

Seresaeans

cuss e

Am TT Boo 4 415 ALT ;

93 Sent ina Jie, ‘ose : 8 88 Gottrwicy Edison” . ¢ 7 : FSi nel HE thet 100 i nla ae prlibli ho nh iG 1 ug poovs poe Ss 48 .,.. 00 s

cose 00 84....... oil Pat, 5Y2s 47.5 .... 0 ol oor —

Curb Stocks

High Low Last ole

CHI Aero Sup B ... i Alum Of Asn "100% 13% 5% en A iss hu Rd ers,

ella anid a”

. 1-16 is \las Cor 4 16 hh Ha. fis! 1 4p oi Koes erkey Ga Gay Fir 1 ad

+ ++

9 % rewster Aero’. N% 11 1% ~ | Eities Se 3% o 3 py FlGoL gaa wis... Lao a s 3 4 Sooperwid oC aT. ay x iy El Bd aay 4 5% Rite BF BR g i if oil Sl dpe 3%, 3 —1 n.l.l18ia 16! ‘ \Enshif UE T 0 McWms Dredge. 1434 14 uy = tie fd TE i dT Neh Corp ..... 48% 9% wh I 7 NJ Zinc 4 2 Bt os 81 + 2 Nisg H P 1. pi 8 7 8 rw 2 Pac GE 5% pf.. 20s 23% 2908 7 Technicolor ..,. 21% 21° 321% 9 Un Gas Corp... 3 2% 3 Un Gas Cp pi. 78 76% 16% — 3 Un Likowe B.. 3 3 a+ I M West Ry of.. 43 i. 8 gol

has ‘characterized the progress

Hl Ss c atte er re red Ce Commission)

House Sales Force Prices Off; Oats Down.

day. Corn was barely steady. was unchanged to % Sent lower: and

< [corn and oats unchanged to 15 cent

off.

of wheat forced prices off as demand was very light. The JJuly future was relatively steady. There was little of a constructive nature in the news. No rain was reported in dry sections of the winter wheat belt over the week-end, but the forecast predicted rain and snow for practically all grain belt states. Liverpool wheat closed ' % cent

higher to 1% cent lower, after some

e to the United Kingdom last week.

Winnipeg was unchanged at the 1 end of an hour of trading.

Foreign demand for North Ameri-

| can grain was limited.

Corn. prices held fairly steady as

scattered selling uncovered resting

orders to buy. A break of more than 1 cent at Buenos Aires was depressing. Local receipts were fairly liberal at an estimated 166 cars. A few loads of corn were reported sold for export. 4

WAGON WHEAT

ain Slovators are paying for No. 7 Yel i ge! other grades fy thelr merits. Cash corn, new No, 2 vellow. 46c. Oats, 25¢. me—

LIVERPOOL WHEAT 8 oS equivalents based on sterling at

Prev. $0803 $6.600 sens 61 gio; si

March, old. .$0. ob March, new... .61% May. old sense vo oot ais obs ay, NeW..... : J ; 4 an an

July ......... 04% 1a

NEW FINANCING | SHOWS DECLINE;

In Municipal Bonds; No New Issues.

NEW YORK, Jan. 16 (U. P)—

New financing last week aggragated

$2,133,000 compared with $4,197,000 in the preceding week and $45,802,524 in the corresponding week of 1938. For the second consecutive week

there were no new corporate loans.

The principal item last week was

plant bonds of the city. of Memphis, Tenn, offered through's syndicate headed by the Mercantile-

Commerce Bank & Trust Co., st.

Two other municipal issues totaling $773,000 and an offering of 15,000: shares of $20, preferred and 60,000 shares of $1 common stock

tof the Pilot Full ‘Fashion Mills,

Inc. “completed the week's financing. Proceeds of the stock sale ‘aggregated $360,000. . Considerable interest was aroused in investment’ circles last week by the announcement that stockholders of the North American Co. would be asked to approve issuance of $105,000,000 in debentures and pre-

| ferred stock.

The Securities & Exchange Com‘mission will hold a hearing on Jan. 24 ion the company’s application coutinue with the financing, and the rehiolders’ meeting will be held Jan. 30. It was expected that the new loan would be placed on the market shortly after Feb. 1, 1S the necessary approvals are granted.

a MEXICOS METALLIC RESERVE CLIMBS

leased its first balance sheet since 4 | March 12, 1938, six days before expropriation of American and British oil properties and abolition of the pegged peso rate at 3.60 to the dollar. As compared with the last previ-.

however, circulation has shrunk,

FOOD PRICES

CAGO, (U.P; gan LR LE ‘bu, Yrs Bors 7,

80@95c. Carrots—Illinois, bu. 5 pinacii—Texas, bu. 75c@$1. Tom Atos Ss

Florida raiy 1.30. Peas—Cali-

TRUST SERVICE

Qualified to Act In All Fiduciary Capacities |

AMERICAN NATIONAL BANK ‘Southeast Corner ary PENNSYLVANIA & MARKET STREETS

"QUALITY, SERIVCE and "SAFETY FIRST"

polis Life Insur-

“ance Company Togs, its mS HM Complete 1 Life Insurance Service—Pulicies. Hl

CHICAGO, Jan. 16 (U. P).~The| | wheat market remained in 8 rub, 250 with prices steady to slightly easier, 4 on the Chicago Board of Trade to-|larm

At the end of the first hour wheat o. J wr j 3% * Eon i

300) games at Up. m. Scattered commission ‘house selling ;

200- 3% 780: 20 sed un

1100-1300. 11:80-13.18] Cu. ea. 2:56 6:50 asiness on large world shipments| Good

Choice— Com iri 900 $10.00-11.00) Feeder

Medi ey 5.75 $5 edium. - Co 5.50- oo 356° apd Chol ice— Low cutter

Principal Item Is $1,000,000 32:

$1,000,000 in 2.40 per cent electric |i

| MEXICO CITY, Jan. 16 (U. P).— The Bank of Mexico today re-

ous report, the present one, for the % week ended Jan. 7, shows gains in|, metallic reserves and increased note circulation. The letter reflects the mild inflationary policies now pre= vailing. In American dollar terms,

a .Caulifiower— fornia, hampe oo Due

Onion Slows, smarket i) go. ve Vellows, Shed ; is jw, sr aows fe anish a1. Lis: vise Ri nadine yellows, | |

| prices ine 15 cents, according to

the Bureau of Agricultural Eco-

9 10 7185) i Yan “eee 9050 # iB Sah : Bartow » and Gitta | 1 Packing Sows. res $ 8.70-

Oo I eam BEI CHEB

er

550 Els 6.65 Sem 5: > 8 Sangh tor Rigs = 350 6. or 5s 7.68 380 6.0: 1380 Te ia’ “is 7.8 CATTLE (Receipts, 133) Steers

ce— - G'd b 6.78-"17, 750 Ay $10 50:13:50 ‘adv Yoiphie i a.

00d-— 750-900. 9.00-11, oo Ad, Janta TE 001%: 900-1100. 9.25-11.501 yea%.c® = 9 390-118 50 mY A -1500. 9.50-11.50 comton. 5.50- 8.50

Cal 750-1100. 7.75- He (Recelpts, 353)

280-4 100. . 760-1100 1.00 8.00) Goad..." #09: 500 Heifers Medi 00-20

ui .00- 6:00 da

1100-1300 8.00Common Plain—

an Stocker Cattle

G 760- 900. 8.75-10.36, Steers Mediu

um-— 500- 90 - 350. | 900. 7.75- 8.75) 300: 1909: -$ IB 200

Com 530% ¢ 000" 6.50- 7.75] um 7.00- 7. 35

6.50- 7.25] Common. el 7.2

60. 3 7.00 3. 00 & hr 4, 25- 5.50] Common 5.00- 7.00 SHEEP AND LAMBS (Receipts, 267) Lambs Goo Good and jood an oe 9.00-.9.25 Jhedium.§ 7.25- 8.15 Common. 5. .

Ewes Good and choice saiiununaseses $ 3.50- 4. 05

Common and medium ... seacesees 2.00- 3. 50

CHICAGO LIVESTOCK

sqake Tignes ih 16.000; market, active, and ae fos +m go ; :

soa .80: 230-260 1 70) od 10:31 1b. er

on vs hist. . ys Cattl aa 1 200:

Jargel y steer run, wl Sum offerings

sent; largely $9@12 ‘market, with most in-|

terests Rain slow; 2 eros loads sold at [email protected]; 75; heifers y to. weak: cows wesk: a ils’ weak to 25 cents under last week's high time, with

$7 practical top on yy sausage .offerings: vealers with weg! sold sparingl up to $11, mostly $10 stockers an

feeders scarce; Vontanas s scaling 800 1bs.

$Siiing aon country at [email protected]; cutter cows,

4. fat cows, . Receipts, 13,000; fat

heep—| lam! active, 15@25¢ higher: bulk, $9. 150.3 10s

sheep steady; bulk choice ‘fed western ewes, $4.60.

OTHER LIVESTOCK

RCINCINNATI, Jan. 16 (U. i Hogs

for structural steel were the bright

spots in the picture. Railroad steel purchasing plans form an encourag-

ing prospect for the near future, but

actual orders have been fairly small recently.

The local scrap market remained

stagnant. Quotations on No. 1 heavy

melting steel was at $13.50 to $14 per gross ton delivered in in the Chicago| area.

*| CHICAGO EXCHANGE DOLLAR VOLUME UP

Times Spe A re ea CHICAGO, Jan. 16. ~The dollar volume of transactions on the: Chicago Stock Exchange for the month of December, 1938, was 41 per cent greater than the dollar volume for ‘the month of November, 1938, and

65 per cent greater than the dollar].

yolume for the month of December,

11 . The dollar volume for December,

1938, was $16,040,541.21: for November, 1938, the dollar volume was

$11 :303,591 46, and for December, |

1937, it was $9,683; 431.04.

\

a a : | bisn—sadie’ Cantor, \

; und continues from there, -

1b. Perro 48. Hs a: * tew

Newspaper life in fe in all §

glorified IA or will be henna tonight by| Fred Ma God-

cMurray and Pa dard in Radio Theater's “Front. Page Woman,” (8 p. m., CBS-WFBM),. h Top price for 160 ta 170- | :

San ee . |

. Beginning: tonight with the Tdi.

ana - Purdy basketball = game’ at Bloomington,

WIRE ‘will broadcast by transcription -all Indiana ome

oso. : : Lauritz Melchior, soloist a the Inoo| dianapolis Symphony Orchestra's concerts Friday afternoon and Saturday night, was the first man to

sing over wireless,

At Marconi’s experimental station at Chelmsford near London, Mr. Melchior, together with Nellie Melba, broadcast 18 years ago through what looked like a wooden Cigar box

73% propped up with ‘a ‘policeman’s stick. The young Danish tenor sang a program of German and Scandinavian songs, concluding with “God

Save the King” and then waited,

with the inventor, to see what would

happen. Word came through by telegraph that the program had been picked up by a ship at sea. It was the first trans-Atlantic broadcast. . ” # ”» Harriet Cohen, English pianist, who recently returned to this country, will play a recital at 2 p. m. tomorrow on NBC-Blue. Since her last American tour a 8 8

nouncements

the second woman to be so ho

ro gram, CBS-WFBM, 7 o'clock tos

béin ‘nade a Commander of the British Empire by King George t

by the present sovereign. The orde corresponds to knighthood for men, = » » The life of Stephen Foster, writ of Southern songs who never was south of the Ohio River until late in his career, will be dramatized on the “Cavalcade of America” pros

Mr. Fosters ideas of Negro 3 ing were gleaned from church serve. ices and minstrel shows. The “ongs, “Old Dog Tray,” “Old Black Joe” “Oh, Suzannah” and “Jeanie With the Light Brown Hair" all had counterparts in real life and the stories connected with these characters will be re-enacted.

Vincent Youman's “Through the Years” will be sung by Margaret Speaks, soprano, as the highlight of her program tonight at 7:30 ‘over NBC ' (WIRE). Miss Speaks also will offer Arditi’s “Il Bacio,” Strauss’ “While Hearts Are Singing” ‘and “Un Bel! Di” from Puccini's “Madame Butterfly.” Alfred Wals lenstein will conduct the Overture to Offenbach’s “Orpheus,” “Czardas” from Delibes’ “Coppelia”’ and “Valse Triste, » by Sibelius. : ;

Statues talk and do “Mr. _Whipe ple” several good turns in James Frederick’s comedy, “Mr. Whipple Is Worried,” the “Columbia Work= shop's” presentation at:9:30 tonight, CBS. Brewster Morgan will direct. Ned . LeFevre, announcer at WFBM, will be master of ceremonies. of a new 15-minute weekly pro fram, “Here Comes the Bride” bes bee

“THIS EVENING tie mae

(The Indianapolis Times is not responsible for inaccuracies in program sts. caused by station changes after press time.)

ginning at 6:45 tonight. 8 8 8

INDIANAPOLIS INDIANAPOLIS gHl0AGO OINOINNATS | FBM 1 1 GN 720 Net) \ NRE S$) (MBS Net.) (NBC-MBC) 4:00 Promenade Federation Organ Hanna ; digo Toh Tuam Interv Pomme Te armstrony is noe Varieties” Serenade Paul Sullivan’ “5:00 Speak Lone Ranger Sweetheart Songs Don Winslow 3:30 Boe’ ing'® Be ie T! . Moiiime Musie Ritetel Smee 3 ok Tra Sits Seuss Tucker Questions Orphan Annie Lowell Thomas 6:00 A Cont. Midnight = Ames 'n' Andy 1s Bam dtner Edwin G am Nels son : avs” Or 1 130. . Democra 6:45 Here Comes Bride Newspaper of Alr Inside Sports Pitan hesd 7] 300 Cayaleads a Al Pearce. Studies Al Plerge :| Tis Pick & Pat Majgares Speaks Lone Ranger Richarq, Crooks 3:00 ‘Radio Theater Hour ‘of Charm Green Hornef bik on or. ‘82 ” ” Duchin’s Or. Tomorrow's en ; 8:45 5.» Ti . Concert Or. : 2 wha 9:90 Lombardg’s Or. Contented Hour J. Garber's on, \ Trup , Fane 5:20 Eddie Cantor : Information Ns Pageant o Heidf’s Or. of = 10:00" News Amos ’n’ Andy ” Paul Sullivan 10:15 8. Kaye's Or. Cutiors, ov & Basser or Satine J Cn Geiowsy, He of or Sai Jon S are or. . Purdue vs. I. U. K. Kayser's Or. p: Rives, - $ rikes pare . a Ji: Barri s Or. n. > a Garher's or. Pe icy or,

TUESDAY PROGRAMS

INDIANAPOLIS CINCINNATE

eceipts. 3 active, generally stead; INDIANAPOLIS INDIANAPOLIS fo y 8s. 300-225 1b, 1 -14 WFBM 1230 WIRE 1400 WIBC 1050 WwW 700 Ibe $6. 81.50; most good Bac sh 1 1% (CBS Net.) (NBC-MBC) (NBC.MBO) Cat pS. Ree ipts, 800; cal 4 6:30 Early Birds Roundup ; Tabgrnagle Eth Vilh tive, st cers, Jean by Ana Heer ge Jen 6:4 »> = Devotions . yi = er u a 0 1 s| lots ‘steers around 286 i ¢ higher: only i Mugleal Clock Bregkiasg - ee lots light and medi m-veid around 850-| 9.39 » » eo» » E ounced ‘ 1050-'b. steers, [email protected]; odd _ light| 7:45 ® ow» » » » hack vearlings. $9 75 0.20 loa $ Fi 0. ib. heifers, $9,50@ 9.60: 8:00 Melodies News Coffee Cups Paul Allison ” $6. flo% cutter fers es, sa. BOE 75: co. 8:15 Montana Slim Dessa Byrd Presentin M Te = y bul 7.50; vealers. about steady, bulk 8:30 Serenade ©. Baby Bulletin Charlie Coak op Eo EL na dood “and nd choice, $11 1 d 8:45 Apron Strings preakia Club Devotional Unannoun ses e ady on_ le : ivi Guide fe Resp 1 lots d 9:00 Kitty Kelly Central ity Kay Bartlett L ng I He BLE i a GR ee mS is hin aly bent $ ia ently i, 35 9:45. Stepmother : Women i White id 1" The Goldberes er ewes ma % ; 2 VATE Jon. 8 0 Fy Hoe | 0 He Boronia Tous Biles Vion’ ged 35 cents higher; 140-100 10 $8.18; 160-180 | yoi3y Lv Wale Brony . ppines lice Nowy Bo as S00! 20-200 Ins ou 98; 300 Zoe: jhe. 10:48. Rife B Slories "Editor's Daughter Shilkret's Or. ad of Life $7.45; 260-380 Ibs, 135 980-00 Tns., 1.05: | 11; " Oun . Riythms Editor's’ Daughter Hit he dO HS NaN RRS I fan ew Fue peg, en =. 11; rm’ ° . Farm ur ne : , gr 1g ROUBEE, $6. '25;. Hans. "is" calves, - su; 11; Market Sale Boy. Greets Giri Farm Boar : ETTE, Jan. 16 (U, P.) Hog mar. | 12:00. Farm Burean tae» Back Home ket, 10@20c Span 1 -190 a tog a 0G 12:1 ews ‘Heddlines Sleepy Hollow Farm News -2 . M 12:30: Johemians WIRE Reporter Rainbow - Rangers nvitation - $b atso: { a0sias EEE ae os, 12:45 Holida Organ Frank Dudgeon Happy Gilmans own; roughs : own; ealves, ! ? "| 1:00 Part re Betty b Dick Lelbert Betty '& Bob pg EE I I vir $ coo} oO r a ut-in @! | LAT 1:45 # Church fiyans Hall’s Or. Church Hymns ... NGOT PRODUCTION 2:00 D tist S Sweetheart § Piano Moods ary Marla | Are j . 2h Scitool pa Progress, Parade Ehrmaitrd ¥ fa Per! jas : FALLS OFF 4P OINTS 2:45 Ne Beiween Bookends on : ‘ Guilding "Light 3:00 Jlealth ivan Backstage Wife xine Soncert. Mad Hatterfelds _ CHICAGO. Jan. 16 (U, P).—Steel| 515 Sing. In Stella Dallas ~ Lillie King _ idstroam ingot production dropped four points 8:45 Madcap. Lt Gin Alors Rumania Kitty Keene 8 » per cent of capacity in the 4:00 Bon Bunce the Rouse L U. Be ram Jamboree © Bahn ’ Chicago district last week, - ea ews Flashes ; 4:30" nee Basonology Serenade Jack Armstrong Automotive demand and orders| 4:45 ee ' Varieties- Sign Off Paul Sullivan,

: KEY NETWORK STATIONS (Subject to change): ? NBC-BLUE—WIJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1850, NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670, . L

CROSSWORD PUZZLE

“HORIZONTAL Answer to Previous Puzsle 21 Series of

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