Indianapolis Times, Indianapolis, Marion County, 20 January 1939 — Page 27

+ 9 porate group. Rails showed early

ay e

«=

FARM, UTILITY ISSUES FEATURE |

fa Some Cagtion Induced by . Schacht Retirement; A. T. & T. High.

- NEW YORK, Jan. 20 (U. P)— Firmness. in farm equipments and utilities featured an otherwise lower stock market today. ‘Failure of the market to follow through on yesterday’s rise brought in some selling and the main list softened after early steadiness. _Some further caution was induced by the Schacht retirement although market men said it was only a minor factor. American Telephone, which made a:new high at 157%, up 1%, lost part of its gain. Steel issues, mo‘tors. and aviations sagged to net

g to more than a point. |

losses rangin A block of 5000 shares of Commonwealth Edison sold at 27%, up 1: and small advances were noted in North American antl several other utility issues. Case gained a‘ point and International Harvester was |p fractionally.

Germans Bonds Dip

Meanwhile, German dollar bonds were marked down fractions to more than a point in early trading. Government issues of the German republic led the decline, although selling was not particularly aggressive in early trade. The 5% of 1965 ‘lost 1% points at 19% a the 7s of 1949 dipped a point to 25. Rhine Westphalia Electric funds were off as much as a point and Berlin’ City Electric 6%s of 1951 eased % point to 26. Latin American issues were up moderately in an otherwise steady

foreien section.

posing forward to net gains of 1-32 3-32 point in a light early trade. Utility bonds were in demand at slightly higher prices in a quiet and irregularly higher domestic cor-

Industrials were mixed. Fail Definite Trend

‘Curb stocks failed to establish a definite trend in early trading. The: market was irregular after initial firmness. National Power & Light preferred, an inactive, gained a point,

gains. .

but ‘active issues in the utility sec- 4

tion were fractionally lower. Demand for preferred issues of Cities Service featured an irregular

LOWER MARKET §

A S. Government obligations

Am | Am Am A

Anaconda Armour Ill Asso Dry G Atchison ...

—A—

. High Low Addressogranh : 2682 26% Reduction. 61 60% ie Lud Stl . 25 25 Allied Mills ... 13 13 lied Stores .. 10% 10% Allis Chal’ ..... 437% 437% Amal Leath . 2Y, 21 Am Bank N .. 16% 16% Am Bak N pf . 57 7 Am Br Shoe ... 4

Aviat Corp o a

* upward trend in industrials. Active Bai & &...1 ‘3 13 industrials had gains ranging to Barnstsll ees 8 17% %_ point in Sinden Steel, Beth Steel 1 n3% 3% New Jersey Zinc lost 32 point in a Boeing Air .... 31 31, &. dull mining list. Oils were idle. Air- | Brew i v 2 20s crafts were easier under lead of JSriges Mig .... 28 287s yn-M T 12% 12% » nda Mfg rie oe ia 74 a plone HH Bush T 5 pf ctf 1372 12 T oday 'S Us ines Butler Bros ... 8% 8% 1 S Can Pac ..... 51 1 , Gaferpillar T. * an sei At a Glance [s&s w ii Ser Bie gd gd | 10 GENERAL BUSINESS ChMStP&E, 102 10 £5 3 f neu ‘Pun & Bradstreet ‘reports ‘retail{Chrysler MY TY trade this week 1 to-5 per cent be- Climax Moly co! 1% 4 «; low year ago; wholesale 4 to 10 per & A 3 3 OE aoe year ago. rth Sold shock oe 50 0, eral reserve reports gold stock | Som S« . 12} 8 week up 38 million dollars to abi ope ne An rd high at $14,615,000,000; excess |S . yy 53% I. record high at $3, 560, 000,- 6s 6 000, up 120 million dollars; brokers : A h0 loans off 29 million dollars; com- &on 1% 1% mercial loans record low at $1,371,- soc 400 40% _ 000,000, off 10 million dollars; circu- . 20% 29% i2tion on 30 milion dollars; ratio Sr hoki 10 a 10 a per cent vs. ast week an u “es 80.1 year ago. Qurtiss We... 290s 291A ' CORPORATION NEWS : De D&RGW pf i... 1% 1% Allied Mills, Inc., 1938 net in-|Dev & R A .... 31s 31's come $986,808, equal to $1.04 a Dei Sef c-o-- 9 07 share vs. $1,338,155 or $1.41 in 1937.|Du Pont ...... 50 150 > American International Corp. ; mH Dec. 31 net assets equal to $11.21 a Eftingon Ben . 3 3 common share vs. $7.45 year ago. |Eles Bost —.... 13% 13% Dome Mines, Ltd. 1938 prelimi-|Elec Pwr&Lt .. 12% 12% nary estimated profits $4,226,691 vs.| Eng Bub §' pl. bie dbl » o $4,310,661 in 1937.: Ex-cell-0 ...... 23% 23 Grand Union Co. and subsidiaries —F— December quarter retail sales $7,-|Fair Morse .... 4% 47 790.062 vs. $7,682,200 year ago, UD |Fintkots. ... .. 34% 331% < 14 per cent; 1938 sales $30,396,160 Foster Wheel .. 29% 290s vs. $30,839,432 in 1937, off 1.4 per| Fost Whipt ... 80 30% cent.. G Am I a5; Louisville Gas & Electric + Co. Gen Baking... 0 i (Delaware) 12 months ended Nov.|Gen Electric .. 21% 200 § 30 consolidated net income $1,220,- Gen a HLA 535 equal to $i.35 a share on com- |G" TE pf. 124% 124% bined “H” and “B” common Vs. $1,- (Gen T & RR... 24% 24% 365,450 or $1.51 year ago. SHEN Y: 7s ., Massachusetts investors trust Goodyear ...." 33% 38% * Dec. 31 net asset value equal to |Get of... 283 28% $22.25 a share vs. $18.64 year ago. |St.N Ore i 32 3402 National Bond & Share Corp. Dec. |Grey Cp ...... 19 19 31 net assets equal to $26.45 a share es 0 vs. $48.89 year ago. Hud Motor .... 73% T% Procter & Gamble Co. December |i; central le quarter: consolidated net profit $5,-|Int H EI A"... Ig ou 784,750 equal to 87 cents a common [int Nickel... 5312 531; ‘% share vs. $4,340,348 or 65 cents year |Int E&P .... 13% 13 ago; six months net profit $11,882,- Int T & 7" as gv ‘81s 260 equal to $1.79 a common share Int T & g PF. ra o% vs. $9,384,686 or $1.40 year ago. ee + "Rustless Iron & Steel Corp. De- Keystone Stl os: 11% 1134 cember quarter net profit $158,463 5 vs, $82,212 year ago; 1938 net profit Jaciede G 1% 1% $81,109 vs. $713,138 in 1937. Lehman oe... 2 67 281 Selected American Shares, Inc. Lib McN & L . 6s 6a 2 | Li : Co. Dec, 31 net asset value equal to|Loews .- ..... 487 48% $10.21 a share vs. $8.64 year ago. Loft, Inc ..... Whe 1 8. Stroock & Co., Inc., 1938 net : Mack Tr ...... 273 3 profit $40,005 equal to 45 cents a |Marshall Fid .. Taig Tans +s share vs. $179,248 or $1.96 year ago, [Magn Gl .... 3% 324 DIVIDENDS Mclniyre Rd : 3 a2 a . MicKeesport . 16Y 16} American Hide & Leather Co. 25 Mesta Mach ".. 38 ' 3. ; $8 gente on account of accumulations Miami CoP o: 11% 10s terly 75 cents on preferred, |M iY Mo) pt ove 53 53 a arch 31 record May 17. [Mo K Tex bt. BN. ¢ American Radiator & Standard Mont Ward .... 49% 49% Sanitary Corp. regular quarterly Nat pe : # $1.75 on preferred payable March 1 Nat Gash Rei Bs 330 record Dair S127 ye (Copyright, 1939) Nai Distillers’ vs an” 3" RE NN Mais inva at Gypsum ... 15% 18% LOCAL PRODUCE [Nit Pv © 8 at - ‘Heavy breed broilers, 4% 1bs. and over, |N Central 203 207s 13¢: hens, under 42 lbs, 13c: Leghorn ([NYC&StL ..... 213, 213%, Barred and White Rock, spring- | NYC&StL pf 36% . 36 11a Rs and over. 13c: colored sprin g No Amer. 247g 247 os ih Toa and un IR lor rod Be A An aL en I . ¢ hens, 14¢: : Spring | chickens, 2 1bs. and over, | No Pacific vw. «ee 13 3 Ys fo. 1 Strietly fresh country rup, eggs, Or 5 p ust weigh Ibs. | Qu tlet . ,.......4 425% 42% : fi an Eins en £ for each Owens Il Glass. ® § under —P— V3 miata, No. 1, 3%; No. a0, Beez Pac G&EI ...... 29% 39% y Pan-Am : 20% 6% - bark Utah ..... 2Va 2% : ] Patino b Mines ve 3, Ia . . . : j Pr Va SEE FINAL EDITION Ph Cem'''. 4% 4% . Phelps Dodge i in i : OF THE TIMES ~~ - ||Bhilfiseopes®. : $0% 40% : : Pitts Sc& 8% 84 $ Pp LU » oe i F. FOR procs Stl Car.) 13/4 13% ~ : : BP octer & G 55% -55% OTHER LATE NEWS Public Serv 1.38 34s i] > Bure Oil ....... 0 10 X AN fz —R-— | i of mem, ge a I CLOSING STOCK Reyn Tob B ... 43% 43%

vos 30%

3 : ? {

Slee Ed

mle tae a " oF . ge. ENR . i er x J ETRE : 1 0 TONIGHT ciety will direct a broadcast of 3 3 “" 9» HT R AN Di ips Cents | 7:00—Lucille Manners, WIRE. Gabiiel Faure's uiem” at 9 to7:30—Burns and Allen, WFBM. |[.6ht over NEC-Blye. Nadia Bou-. I To $8.0 5 Level a yarior WARE, [dct th Fioteh often, wil ons : 0: G Lombar do, WIRE. uc e erlin Conservatory Ore TRANS ACTIONS uy 2 chestra and the Musical Union. of dint hath . Verdi's “Simon Boccanegra” will|OPerlin College, | In line with breaks at mest major [be presented at 12:55 p. m. tomor- o i 22 = centers, hogs scaling 160 pounds and {row, NBC-WIRE, by th ompositions by Raymond Scott, . s ,- by the MetropoliWheat Is Unchanged ’ Corn aove. lost 10 cents under the weight [tan Opera, with Lawrence Tibbett Slane says Irving Berlin and Up V4 to 1 . of expanded receipts at Indianapolis [ast In the title role. Cofeatured are facGimsey will be highlights p V4 to 1/3 Cent; Oats POLIS | pio Pinza as Fiésco and Elisabeth |10F the Moods for Moderns” pro= Are Ste d today, according to .the Bureau | of Rethberg as Maria, Giovanni Mar- gram at 12:30 p. m. tomorrow, CBS aay. Agricultural Economics. Lighter | tinelli will sing the part of Gabriele, ju" B00. SO01S1S With too Murray's : ; LY weights held steady. The top price |Maria’s lover. 21-plece orchestra will be Genevieve CHICAGO, Jan. 20 (U. PJ |for 160 to 170-pounders was $8.05. | Leonard Warren, an American pias: 2oprano} ya] Roger, Jenok Wheat prices ‘moved in a Marrow |, carers held to the week’s gain of {baritone “find,” will sing Paolo Al-|g yo BEPpat » Violinist, and: the io > . $1 and sold at a top price of $12. biani in his first - broadcast with nomen. range near previous closing levelson| Weak to lower bids were carried |Metropolitan. After the first act, Smee : the Chicago Board of Trade today (in the sheep market with prices at Edward Johnson, general manager, Two undergraduates at Columbia 1” ‘e in low trading, Com was regular, 038 doWE. __ Jil ang “S00 see, To oly uh “out al” 1s At the end of the first hour jan, Top Recis. (Jan, Top Reets.|Graf, stage manager will talk on as they Please tomorow in a haif. wheat was unchanged; corn up % [13 ...$ 390 323/18 ....5 8.05 8434) ; 2 " our argument with their profes 3 Pp % Stage Direction in era” follow- . 14... 1000 1% eo 8.15 4897 W=|sors, 12-12:30 p. m., CBS. The subse to off ¥% cent, and oats unchanged.| 16 -.. £18 1050| 20 .... 8.05 7471|ing Act IL 3 ; fect: “Are W ds O 3 13 uae 1.90 8158] i A a ‘2 po » J % e or ur Real ‘Dictae General market interest in wheat “Fhe - Chick Wi tors. was extremely light, and prices Barrows spa Gilts | Packing Sows e cken agon Family”| Pearce C. Pierson, Litfle Rock, and showed no sustained tren 190 eith Goodamd Jao 400d 200..§ 6.60- 6.85 | Will descend on Orson Welles’ “Play-| Robert Saloschin, New York, will be Setar, A aver uli : et 140-160 $ 150- 8.05 34- 425 .° 6.50- 8.5 Bouse: at 8 o'clock tonight just as|student representatives, while Dr, : poo 180- 200, 17.85- 8.05|Mediu 8.% the Fippani family of New Orleans{Harry Morgan Ayre: ; had little effect. Prices in the Eng-| 200- 220. 17.70- 7:95 215- 550.. 6.00- 6.50| descended on New York in he story. |at RS d Dr SEE lish ‘market closed unchanged fo| 0: 280 T4o-.iss | Ssuchier Fs | Biroess Meredith, stage and screen nett, English departm Ruan op - : - oice~— \ a 1, cent lower due to heavier ship-| 290- 350. 6.80~ 7.25] 485-1”. .$ 335, 3: 30 star, will join Mr. Welles on the CBS Edwin I Separeniand Pros - » _|ments from the southern hemis- CATTLE (Receipts, 401) ‘ |program, as the shy young Texan re-|School, will supply the faculty angle, Phere ae Hedeing. sales. of Ar- chin rs. porter who falls in love with the 2 an gentine wheat by shippers. IAL Fippani daughter. Mr. Welles will 150-500 10. 5-1 ‘db’ 6.75- 7.50 . . Winnipeg = wheat ruled about Hai Gant 3 6.50- 7.35 |play Papa Fippani. Showing at the Little Theater off steady. Only scattered export sales 1150-3300 11:85-15:00| Cus. com. Salers 6.50 wo. Times Square at 7 tonight, will be of Manitobas were reported. J50- 900. 11.50-13. 91a, welll tS 5012.00] Forecasts of international sco Dar Dilemma, Addison Simmons’ olce . - 3 Sale of a cargo of American 1100-1300. 923-1150 Medium . 10.50-11:30 are scheduled for an informal rou a. |CBS-WF ery he Pacific Coast Wheat to China yester- | 1300-1000. .50-11.501 Cul and” o.90. S.00| table discussion on "What's Em: 2 program will . costar edium--— - day was confirmed, and another | 750-1100 6.25- 9.25] Calves Firope?”, 9:45 tonight. An in|Barbara Luddy and Les Tremayne. . cargo of Australian wheat al 100-1300 _ 800- 9.50], (Receipts. 552) 2 ghk. SWers #2 =» cargo oF Ausiralion Whesl als Wes Ws + gar 2a will be supplied by H. V. Kaltenborn,| racic Allen oN In defensive conference as the SEC hearing into the Transamerica Corp. opened at Washington Th th sh > » wo 86: 8.28 Good... . 10 Edward R. Murrow ‘and Maurice th a en must think Bers.iy D.C. DE hon alt Dich , e weather map showed no pre-| Heifers. | Good. 5-00- 1.00 | Hindus, CBS coverage men in the|/N'¢ face that ought to be launching are: (left to right) Donald Richberg, former NRA head and counsel for the Bank of America, in ti Choice— | Common 5.00- 6.00 g n hel, +h i hick, ’ cipitation in the Southwest and c ; Czechoslovaki a thousand ships. She will star at which the corporation holds a #41 per cent stock interest; A. P. Giannini, chairman of the compan 750. 300 $10.00-11.00 Feeder and an crisis. : board, and L. M. Giannini, president of the Bank of America : pany forecast mostly clear Weather, 750- 900. 8.75-10.35 Ste “ker Cattle ® =» = Ln Tonight in her Own version of i : . Corn prices in the May and July {720 990. -10.25| eers Whe irs | S Helen of Troy,” CBS-WFBM. Ray : : futures were .steady. Buying was 550- | 900. 7.15- 8.75 300-- 30. 4 7.15- 9.00 st woman conduct the|Noble, she hopes, will be Menelaus a . Com 7.50+ 8.75 | Boston Symphony Orchestra andjand George B / one through local houses. Resting 550- 900. 6,50- %.75 Moaium »s|London’s Royal Philh orge Burns will do the best 8 . . orders to buy were uncovered on Cows MESS. 198 Ta y armonic So-|he can, 8 By. Unites re A the opening decline. Good ...-$ E30 LA ood ai ifers . 8 8 4 Tes 8 = . sgh fn No SxpoEs business Was reported Common. %5.25- 5.75 B80- 60. .$ 7.00- 8.00 THIS EVENING -JONES STOCK AVERAGES PE in American corn. Local receip Ww cutt | &o n an (The Indianapolis Times " not Net : 2 cutter 4.25- 5.25] medium. 5.00- 7.00 ot responsible for. inaccuracies in program ane Last Change 30 INDUSTRIALS were estimated at 72 cars. SHEEP AND LAMBS (Receipts, 2389) nousecuiontt APOLIs SA anArorTe” Toh 26% + 1 |Yesterday ..cccec.eceuees....149.47 0.48 Lambs WFBM 1230 ANAS Qiicacd CINCINNATE 8 61 + [30| Weer ag .oovreuennienee. 14652 —0.81 CHICAGO GRAIN Good and 1083 Set) {NBC-MES) (BS Net) (NBC-MBS) 2 BF 77 |Month age v.ereerereereenn. 35139 +086] 0, vl : ehoite..$ /8.75- 025 m medi. $723-3351 1:99 Butler Forum H. S. News ‘Melody Time Hannah : § 10% TI IVear age coors nnn 130.69. —1.64 British Bank Chairman Opening prices today on the Chi-| : mmon. 5.76« 7 8! 4:18 Tea Tunes Johnson kamily Shank’s Or. 43% — Ya| High, 1938-39, 1 . dt :30 » Interviews Organist Jack Armstrong 3va + Y| Mich, -39, 158.41; low, 98.95. Te cago Board of Trade, as reported bY | ood and choice ....... .......$ 3.50- 4.05| 2:45 Varieties Pianist Paul Sullivan 18 a + gh, 1937, 194.40; low, 113.64. Forecasts International Thompson & McKinnon, were: Common and medium ......sss. 3.00- 3.50| .5:00 Ho-Po-Ne Club Lone Ranger Music Don Winslow hy 5 20 RAILROADS ! Wheat : g ene \ jus Howie u ne Diet. Tia Len Salve Dofothy Rochelle . 5 . usie Nesterday Gessesnse eserves a 28h Recovery. ER, A 5.0000 0.60% Septs CHICAGO LIVESTOCK 5:45 Sophie Tucker Hoosier Questions Orphan Annie Lowell DO res sassessedeess 30. . orn— 6:00 News ” ” M vast rvs aies sees : Hogs—Receipts, 14,000; market active on 3 “Capt. Midnight ipl IU eee Low rr 50 ow sows JOECRGSR A000 Hoke Ate) EH [gamer Saver, co SLA fREISA High, 1938.30, 31.33; low, 19.00. . LONDON, J23, 20 (U. P).—Ed- fie 28% a el sh Teisiars average; Sthers mostly 6:45 "w ie ‘Newspaper ot Air Inside Sports ig Bl High, 1937, 64.46; low, 28.91. win er, chairman of Barcla 48 . vor choice 160-220 1bs., [email protected]; 230-260 lbs.,| 7:00 First Night | . . low, 28.91 J y clays| ~_ .46%b 41% « ges ea he A Ril Th Tuy Nighies Congent,, Thats Jv Name What's Mv Name | eatont 15 UTILITIES : Bank, Ltd. prediels that a world- 500-1. packing Sows, [email protected]; - light; 3:30. Burp 8 Allen "im Lone Hanger Robison’s Or. esterday ......... veereen... 20.65 +0.47| wide economic recovery “would WAGON WHEAT Welghis up to : er wh Week WR. 1osveivonsansvesoie 2230 —015 surely follow” the settlement of| City erain elevators are paving for No. 1 peo er Rr Sages) 190 Playhouss Waltz Time J. Garber’s Or. Plantation Mon Bago .veiis uses .. 22.00 40.34] current international difficulties. ed, a yoo I on Lhetr merits. and yearlings at fully steady prices; other-| 8:30 hn Death Valley Tomorr wv Trib. ath Va ear age lle 20.38 —0.26| Addressing the 44th annual meet- NioV NO, 3 Yellow. 465. Oats, 0%. | wise, Steer EA steady; genefally| gus = * yn Den Oo). ‘Deas yalley .-1938-39, 25.19; . : : s and bulls; veale: n- : g 39, 25 19; low ing of Barclays’ stockholders yes- ERPOO chan ed; choice 1078-1b. ne 9:00 Grand Central - Guy Lombardo Curtain Time High, 1937, 37.54; low, 19.65. terday. Mr. Bisher expressed Shis HIVERPOOL WHEAT prev. | $12.50 i189. Steers $12.35; bulk steers| $18 lo Tn, How wail Oven: House ; 3 : aD and yearlings, [email protected]; odd head heifers,| 9:30 . Barr Wood nele Ezra I Need A Job Uncle E en ton ag! approval of BHaIS Inge rearm- March, old $0. BE $0. rd $0. Be 0 ash gio; of%- Ib. averages, $9. 50; most beet ows, 9:45 Jr. C. of GC. mmy Fidler won Unannounced as ange | ‘an rogram an arch, new .62% 62} ow cutters and cutters, . Seabd Oil ..... 21% 21% 21% — Y|time Y program “th = he Same May, old 66% .65% 8 65% | 5.75; practical 4° weighty sausage bulls, 10:90 Ne bles or. News & Andy Heidaers's OL aul. Sullivan fy 15% .... |Socony Vacuan 13% 13% 13% — Ja ) e efforts which |May, new ... .63% .63% .63% .63% |$7.25; odd head, $7.35; vealer top, $1150; [10:30 J. Dorsey's Or. Scor. Jurgen’s Or. © Plaghous to ota 2hy, Jouth’ Ba Fac as 2% R. 1 — 1 are ong made in the cause of|July ........ .64 63% 63% 64%, | few Selects, jie a 000; todav'c. rade 10:45 ” : on Gloves 9 4 “ere un 74 7 j—" Vs : lic c dg + Bisum Bracieh EROS TMG Riorted the bank's 1038 net ew Bcalons around, Soc vee on 1 108 BOREEY QF py, Goons, OnE Favelp On Magn Wary eee oe. 46Yp a — Ya e bank’s ne N. Y. B d ambs; sheep, steady to weak; good 1034.3 Hall's Or. Wood's Or. ’ glow Hu CiniShmine ar. dh Bi BN 7 e|camings at £1936458 ($9.020640) . XY. DONS gui: joss vid Smgsss: sow agepliig CF w — T Surber On Belchmans or. 3 1 lst Brens” lr Cnn compared with £2133825 (0.991636) BOND PRICE INDEXES Er due S30; lating around F356 "SATURDAY PROGRAMS 12Ya — | Ya (Std G&E pi’ 0% 10% 10% : the preceding year. Total de- . 4.25 on native ; : ET ESB A TE To NS on ha. wae vil Bonds INDUNATOLIS INGANATOLS | DpAMATOUS cniopmam: 12° + Ya|Stew War ..... 11% 3 8 .... |LO ,08l, ,027,902,649) on |yesterd 86.1 60.6 100.3 82.3] x (CBS Net.) (NBS-MBS) : wn I {t|Stew War ..... y, 11% 11% ¥ A esterday ..... 86. X B . : (NBS-MBS) 8% “ Slams vas 16% 16% 16% x ig Dee 31, against £434,645,323 ($2,035, | Week Ago ..... 86.2 59.7 994 81.8 OTHER LIVESTOCK 6:30 Early Birds Roundup Tabernacle Lamplighter BYa. cuus Sunshine "Min; ore op oar a 7124) at the previous year end. Month Ago .... 85.7 58.4 98.3 80%8 5 nent ts A Jan. 100 a oe Sub : = Devations ” . Get Acquainted 4812 4° 'v.|Sym-Goul 9% off of. 02 In his comment on the year’s op-|Year Ago ...... $2.2 64.6 94.0 80.3ibs. $7.90+ 180-200 Ibs. $7.80: 200-220 Ibs., 3:40 in Musical Clock Breakfast Jam Today's Song Sa ESO Sym-Gould xw. 7% 1% 1s + % Srtions, Ne Fisher stressed the|Two Years Ago. 94.9 101.2 106.0 100.7 Se a-240 lus, §1 50; Boa oes 3% 30; “5 » ® “ - eld Peter Grant 59% ¥ i Tn importance of world affairs on the [1938-30 High .. 87.3 70.0 100.3 83.0|323 Ips ' $6.80; 345-350 Ibs, $6.10; 120-140| 1:45 = _*" an » or i. : 35% — Y%|Tenn Qorp .... 5% 5% 59 ,. | bank’s business, and pointed out|1938-39 Low ... 74.9 43.9 81.3 70.7|1bs, $7.60; 100-120 Ibs. $7.45. ~ Roughs,| 8:00 Organ Musie ws C we Lily Fhe Be . 41 41% 5% = Plthat the continual uncertainty|19%7 High ..... 950 101.2 1060 100.3%; eS Jam. 5 0 1emby So 8s ny Fin Deva mya Te Site Ch Bu on “17% ¥a | Tng n 20 2 20 = %| which -persisted “even after the Mu- [1937 Low .... .80.1 69.3 923 811|market, 10c lower 1 Ti 1bs., $7.80 8:45 7 ors, Fane. . Bre fast Club oy tho Dicuss leh i 581, 4 + VY, sl a 240 1bs. @17.9 ji evotions Synagogue of Air 13% TWA oll Cpt [94% 94% 04% = 1i, nich pact had discouraged-business|193 High ..... 54.8 1004 082 100.2740; 270- 335 If lbs hg die ior, 7.208 9:00 = Hillbillies Symphonie Band K i : 85" =n erica . 6% 6% 6% + % | evesgywhere and prevented economic |1?36 Low ...... 90.0 84.7 1035 93.3 down: roughs, $6.50 down; caives, $10.50@| 9:18 ~*~ *. " Hymo 8 By Kay, Ballers lia ow 2 wid —r recovery. (Copyright, 1939, Standard Statistics Co.) £07 lamb. SEb0as, 20 (0. PH 3:30 4 Corners Serenade" Parade Mail Bag 12Y .... |Union Carb ... 88%z 88! % ies 1 R . : arly To, | Te sell Be oon (BRS. 8 2s 88 7 nl U. 5. GOVERNMENT BONDS Re IPi ey Siow: lfc We oe at0, 1p: | 10:00 Serenade, Music Fed. Monitor News Vaughn De Leath A% il Un Air Lines: zu 13 13a : Treasury Bonds [email protected]; bulk picking sows. $5.50@6, | 10:18 ’ - usie sJirges Or. My Health 88, © ipnitedicorn .. 2. 3% 37 i... ur tL Ss High Low Close| Cattle Receipts 8507 cal vés. 250: slow, |10:30 Children’s Hour" Army Band Presenting Markets oh ov Ma BtoB Be Ea Ln) sie tages coo IOS ER LER obolt send et Jong Dent sic So rae pony a ; . - | ”» 51 iy Un Gas Imp. 1246 128 nf ..” Net [4s 1954-44 2 31019 iioo hear 800-1b Ib. heifers, $9.50; Dod beet. oe: 11:18 “oi. Sohjel Patrol Rhyfhms, biking 3.500 B% F%|U'8 Gyosum lll 107 101 KUu| High Low Last Change | 23s 1947-45 107.17 107.17 (87.25 0TH hely: cutter ' grades mainly.| 11:30 Farm Circle Farm Hour no. Farm Hour 40% ,.e.. U8 Death o.oo B82 Bi: BE co am Loar. 18% 16% 16% +. % Sins 1083.49 ji 109.25 § Veglers, Be ractical top bulls, $7.50;. top| 11:45 Markets LW Boy Greets Girl nT. % ‘..i. |US Leath A.. 9% 9% 9% X's, |Am Super ..... 7% 13- 16 L1-i6127:5 1060-55 00. dies 150; zener £112:00 Farm Bure nn : : 2% + 40S Epes F 44% 4412 44% 1 1 |Aseo et i nas oS lig Tllaf3les 1060:33 ..en jos31 1043: Sl bo Sore? isl, generally ste dy. 113199 Nong oureall is Headlines me pi : 10° F _%|U 5 Rubbe 48's 48 ~~ 48 + Ys Atlas Corp wis. 1.1516: "T1 [I] 26 | lower; supply’ mostly fed Westerns; two |12:30 Modern Musie WIRE Heporter Cornhuskers Peter Grant i 45 Za8 8 Sob er Wo % 19 2 100): RE iZ Blue, Ridge cri 1% 1% 1% + 9 DOMESTIC BONDS sizable 10ts 122d oh Josten glammbs, gs 12:45 » » Campns Notes Frank Dudgeon Campus Notes ps seireve — Ys Carrie .. 18% ow 4 ce , et crit % gi prey —V. Cont H GABE |. 1412 14 13% lam TT 334s 61 ....... 108% Low aese|good and choice deg fambs| 1:00 Men vs. Death = Metro. Opera Barron’s Or. Metro, Opera : air nn You Cm HORE 10 Mb Mk + to A ref oem 2000. 13 106% 196% |Guoted [email protected]: common and medium, | ii Megitatigns “ow Has opocds » om Vanadium ..... 28% 28% 28% + %) Cent St Elec ... 7-16 7-18 17-18 --1-16(B&O 4%s 60cv ........ 12% 13% 121 |%1@9: few Slaughter ewes mainly $303, ‘145 Fred Hi mo. alls or "ou i 7% .... |Victor Chem... 23 33 3°..." |Cent St El 7 pf. 11% 11% 113 3,|Can Pac 5s 5¢ .........100% 100% 100% tet ———— >) 2119 Freq Mines Frolie ; » RE Hird bro ena BE BRE pocAL ISSUES [If 2 al, = | 1% + Ve|Walworth. ..... . 8% 8% 8% — Y|ComasSows. nn ‘hh i Hl eo ‘yw ‘2:30 Charles Paul » on» nw» ww i 50 | — Ys Warns gros . 3 3 era a gon Bisgui “% SH JS Sh ay Kresge 3tas Ln fren : : : The followin quotations do not repre-| 2:45 > > TS ” » ”» » EF isis / : 4 8 e Bs oews In oe sent’ actua . bh Ta: 00 7 3 West Ba BUA ols oil oR T° EG pill Bin Fu Bw Zs Low Arc ry fnaicate the -spprgsimate” market. sevei| 318 Students, - Wine, Cook "ou / 33 + ‘1, | West Union |. 28%, 2414 9417 + 7¢|El Bd&sh ..... 12%, 12% 12% — Ya|N Y Cent ref 5s 2013 based on buying and selling quotations of | 3:30 Dancepators on Cus at's os Cm. of 13% est Alen, tt 201 2 A S314 5 3 El Bd&sh 3 BE 80% 80% 80% be 835 Penn RR 4%as T 0, recent transactions. an 3:45 " "» » » Qugals OF or » » ; i y n n 5 > . 1274 = he Westin BH ot, AE 3% 133 4 + 2” Glen Alden 4% 4%; 43, 5 Radio KX 2 i 2 | a Stocks 2 Ask| 74.00 Scholarship Rhythms Jamboree Rhythm 10% White Sew M1." 1% 1% 1% .... |StA&P. 9%, 179% 79% .... |Soc Vac 3% s50 Belt RR & Stock ¥ds com | on sw] fk» Pub. Sumndingers wii 3 --- |willys Overld .. 3 3 3 © |Gt Nor Paper. 3812 38% 381% o- '3,|Texas Cor 3%s 51 elt R R & Stoc Tae 4 com . : 30% §3%| 4:30 won Pub. Welfare Osborne’s Or. Swingology cee [WIS STENC 1 By, 5 Be, i; {Hollinger ..... 140: 147: 1412 .."%| Tide W A Oil 3%s 52 ..106% 106% 106% |Belt RB R & Stock prd «51% ... | 4:45 — Music Styles Sign O yor Wilson & Co..\. 41a 4% 4a 1 Imp O Can 16% 6% los 1% Young S&T dsl... 105° 104% 104% [Sorte "RET Pv 7% b gall i KEY NETWORK STATIONS (Subj h 47 — 3 |Woolworth ..... 49% 49% 49% s |Insur No a 65% 65% + % FOREIGN BONDS Hook Drugs I ont ubject to change): aE Tz sail Jones & Lau St134 34 34... ook Drugs jue com a 23 BE A mb Tn no lees In Sn Che Er Lei ies ... | NBC-BLUE=WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350. we To es} _ % Moivbdenum [1 5% 5% 5% ys ATECRY 40%, ‘es | NBU-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. 4 2 . { |NumgHPwills Can Can [LT |BUEEAIS, PSS un : as Co... 0 ii; |CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. 8% .... Chicago Stocks [No basso 8° es: g° yj |BelincEiehisi lias as 28 |B TRE 614% pid. ch ifs | MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, £50, g Pac GE 6 pf.... 32% 321, 32% HW up| Brazil 63s . 10% 10% 10%|1% 0 : 5 i 28 Canada 3S 67 .......... 997 7 7. | Lincoln Nat Life Ins Co com.. 25 28 07% Tv a High Low Last SEORCORd oe--o 008 110% 1109 Lo... °|Cuba dvs m1 Ses so ods BE Pb gave hiv: 2. 35. + w)|Advance Alum ........ 3% 3% 2% Technicolon,....'21 = 21 34 ty, |Caechoslov 8s 53 ....... 50% 50% 50% IN Ing Bub Service 7% NM | 28 + %lkeina Ball B .......0\\ 8% 8% 8'2|vaispar of*.... 28% 28% 28% o- 114 |Denmark Sls 85 ...... 909% 99is 99% ervige Vo bid... 31 CROSSWORD PUZZLE . 3 53, 53, 2 2 28% — 1% 1 3 Progess Laundry Co com ...... 11 13 14 3 374 302 Wright Harg .. 8% 8% 8% + % French 72s 41 106% 106% 108% | pub: Service Co of Ind 1% pid. 48 51 A > ) Prench 7s 49... 113% 113% 113% neézbh gi 2 German 7s 49 J ‘Be Eun Service Co dnb 8 Wu German 5's . 20 19% 19% |T Haute Title Elec co com... : ; ; | Bm DALY PRICE INDEX |[Somansie es i 8n Biz 1372 |T Haute Title Flee co com: .. 28 | HORIZONTAL Answer to Previous Puzzle 18 EIL 13 13 EW RK, Jan. 20 (U. P)— ae Van Camp Milk Co com ..... . 30 11% 1 Wii f first 19M 1 : 48 48 Dun & Bradstreet’s daily weighted ] N ] Bonds ite of nest HAN SME] yself. ve 5 ly : Prine Todor ob 00 Pot comers 1.8 STATEMEN T Amer Loan 58 46 _........... 98 108 President of LITEM FRANZ JARREEERL 7; Wolmamite | \ : x T os { 4 Marsh ie : 13% 13% Sonbiled for the United Press (1930- ernment expenses an BM ote Y=Cov the Grable Beynols-Teyior 5s 42. 22 100 the U. S. A, [M Of ESHER TIARA student. H 3 el Food ...eceseee ? : . curren re ; 4 s + %|Mig West Corp over 84 8 : F |gos overage equals 100): current fSscal year Whough Jan. 18, SOm-|pome TET PIW 6% 43 ..... 104 « 308 Mrs. George 10D] 23 Mortise ok : Minn Brew ...... oie qu ay, Yesterday .......eseeeececees 105.88) This Year Last Year |Ind Aso Tel 46% 65 .........100%s 107% tee LiLID to : 18% + % Quaker. Oats 11672 1164 | Week AgO ... 105.49 | Expenses ..84.965.060.160.23 $1.064.908.006.92 | Inq Tel, Co, 0% OF ‘504 67"5.: nn : S on : 8 ... |TraneCo ..... 15° 15° yronth sesecensenserces 109.49 Receipts ."3.106174.470.74 "3375,590.366.70 | Indpls Railway Inc 5% 67 .... 52 33 10 Gazelle ROVE 24 Emissary. SL Ry = % — Month AZ0 ...ecosseessss+es 105.38 Gross | Def. 18 S80 800 310 130.22 Ina 2% .105° 107 AITIEILI 27 Sun god ? 13% + CORPORATION BOARD Year Ag0 ......cit00u.een. .. 116.03 | cash Bal .. 2/973.186.443.56 2.949.300.0006 | K trier TdT $7 08 5% 5 ad 10: 11 Podrer health. S A 28 T d gu rh 19% 2 High (Jan. 10, 1938). . 117.06 Work, Bal.’ 2.331 982,647.56 1.180,476.60Y87 | Kusner Packing Co 4% 50". .. 98 1 12 Units THXEE MERRY 29 So Fore te a 955 + ij 9 Low (June 2, 1938).. 102.43 |Gold Res...14.615.474.047.32 12.755.285.1 opie ROreS, or! go 32)% 02% motive le Ubaers 5» x ul OF FICERS ARE NAMED Gold Ros. La iT 3: Ta sn Iil.50 | Muncie Water Wee Soren i100 iin Sleciromolive | S considerable 8 CA FOREIGN EXCHANGE Ses hio Tel CO 6% 47 +o....erns 98 100 ge. A AlC — iE HYG Li NEW YORK, Jan. 20 (U. P).— x INDIANAPOLIS CLEARING HOUSE ' |Public Tel Co 4%2% 55 ..... ©97 100 14 Flying RIA IN 31 Doo ; etnies nuny Richmond Water Wks 5% 57 ..103% 105 ORILIO or (Fug, NEW YORK. J Llereditg ...iaiini vienna idien $2,392,000 mammal. 117% ’ % Hearn W. Streat has been elected |ing are noon “cable an Day How DOOIS +. + 1uieousrarversianesert 9,135,000 Haute Water Wis 5% i 100% 0% 16 Fury. AIGIN URIOP $2 Comiert, a - \dsdatnd ater S$ 5% ...... y . . agi -'*y |Vice chairman of the board and eRe Coble Rates. Net Ghaties : : T Haute Water Ws 6% i901" LL | 17 Tellurium, 40 Neuter VERTICAL Bt Huge + : 2 erm Corp 9% -...ces oI chairman of the executive commit-|gng'e7eh (Bd)..-$4.69 3-26 +.00 1-16 FOOD PRICES Market St Investment Corp... 23.95 25.74] ~ 19 Mother. pronoun. 2 Assembly. .- 35 To cut oft) aan tee of the Bancamerica Blair Corp., Cafiada foliar) SOIL “Sins CHICAGO, Jan, 20 (U. P.). — Apples — _ (By M. P. Crist & cor 20 Radium. 41 Lock. 3 Shoe bottom. 38 Her } me. + %|it was announced today. John R. Franc’ (franc)... l0264:4 £04 ¥ Michigan Mackintosh,” bu, vo BD aL3. PLAN NEW LABORATORY 21 Calcium 43 Plural. 4 Headgear, Me. Hh oe Montgomery was elected president Belgium _(belga) : dead sail Se 2900, Carrots, Hine, bu, 35 50c.] WEIRTON, W. Va. “Jan. 20 carbonates. 44 Local position. 5 Compass 41 Preceding al . : m v — — 5 oy 3 . % 327 "'y|at the same meeting which was held | Germany (tr TK) 318 000572 | Florida, lugs, [email protected] Oe iflogmatoes -| (U. P.).—The Weirton Steel Co.) 24 To soften 45 On top of. point. others. ins = > Wednesday under the direction of Pozerland x 3430 ~.000 aT a ao Col Fes—Califoraia, | Will start constriction sbout ¥ep. 1) joather. 17 Mother-ohe S/5ailon; 42 Galosh, 345. = 2|A. O. Stewart, recently elected |Sweden (krona). 2410 0001 DE a aetY "aa chigal, LON. 8 NEW 250-thousand-dollar| 25 Expert flyer. pearl. 7 Mournful, 44 Blemish, 16% — 14 | chairman of the board. Norway (krone). 2382 Ll. : To Sacks) linols Yellows, 0@8se. Miche chemical, - metallurgical and re-| 26 Sooner than. 49 Cuckoo - 8 Hops kiln. 46 T Be | Peo igi “Sellons Beimsl: Tithe Sues Span’ | search laboratory to be located near | 30 Suggested. 51 Slit. 5 New England. 43 Turkish SV I 3 : Utah .Sweet Spanish, $1 1.10; Color, the company’s general office, T. E.| 33 Capable of 53 Fuel 12 She ? : 5 rie Sw f t &; : H d R : Spanish, [email protected] ado Millsop, president, announced today. being named. 54 Glittered yas a commander; i, = Switt & Co. Head Requests New 36N fet pee 3 Exviametion 0% =Y% ; : ro led, 3 Ini: “13 Producing 50 Into. : reckle er first / stam : . oa ens, 52 To observe. 94, 4+. 3 : orp 0 rate Prof D f i 39 Feather -~ name 15 Rights to 3s I ( : ! 1 ; ond g use 54 South Africa 137% I A ld | ts Cc inition : scarf. $8 To seesaw. land. 55 And. Fa TT Co, ‘CHICAGO, Jan. 20 (U. P.).—John Holmes, president of Swift and il . 1618 re one of the nation’s largest meat packers, called upon the Federal 10 il 21% + 3 | Government today to give a new definition of corporate profits for tax- ; 17% — 1 Addressing 800 of the company’s shareholders ye sterday at th 193 + 12|annual meeting, Holmes said a redefinition would rene Lm = er revise its concept of profits “along 9 42% + sound economic 1 iy : ert gt + i “I know of no sand constructive He Jermed 1938 1a difficult year Z Vi 0 3 | : for the c “ - Z 3 20% .... |thing: the Federal Government cause of ompany, “difficult be-| 4 'S : i 4. ry (could do than to give us a new e of a situation that was not 10 America’s " 3 2% =... |definition of corporate profits ~ for | Within our control” The company Fi \l% %%|tax purposes so- that inventory reported a loss of $3,493978 at the inest Beer ,% = {profits and inventory losses would |close of business last year. in 4172 “be excluded,” he asserted. ’ A ica’ 8, ee Holmes emphasized that no one merica's ‘8% 1. |company could initiate a technique Smartest 13/4 ‘+e [for dealing with the problem of in- Pack 9 8555 ventory profits that would be ac- Fac age q, 4 usa — 1 eepiad generally by the industry. 4 0: .... e said that if business generally £ CT. 5 : a would take the attitude that a SELE EXTR FALE B% - Bi large Jroportin of inventory profits BEER 4 ol | : s. not expendable it would have - : li 43% + 7 I? fw % + Wi great aitvence in reducing tn __ COSTS MORE_WORTH MORE _