Indianapolis Times, Indianapolis, Marion County, 16 March 1939 — Page 29

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PSY

AERO SHARES PAGE STOCKS IN

Fourt Hour Prices

above the previous close in a major-| ity of issues.

~ Anaconda which sold at 28%.

ed price index of 30 basie commodicompiled for United Press|s

LATE RECOVERY

Are * Fractions Above Close Yesterday.

NEW YORK, March 16 (U. P)— Aviation issues "ted the stock market higher today after an early decline. Fourth hour prices were fractionally |

Douglas Aircraft reached 70%, up a point, and held half the gain. Smaller advances ‘were made by United Aircraft, Glenn Martin, Consolidated Aircraft and Sperry. Steel shares overcame early losses and Bethlehem recorded a small gain. Nonferrous metals came back to net gains ranging to % point in

WEEKLY INDEX or “BUSINESS TREND PREPARED oY ADMINISTRATIVE AND RESEARCH CORPORATION . NEW YORK : 1182100 = 10 hdemi epr en se no i Le he 100 fel retiird b— 100 Set, : 3 Fh Wi, 1937 LP ef ee |] MFT LIF $ ; 919 Lav f % } wiry FA 70 | —Ah—}—- _ 1933 LL * 30 day! ; > ) \/ Sedo TIN ™M Los) ail) ip rena Noo [ 0 60 IY v | so rd tb so Bo Las gaat een tree arn drred dae dopa tenes torr loot toa 50 JAN. FEB. MAE. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC.

For Week Ending March i

- NY

DAILY PRICE INDEX

NEW YORK, March 16 (U. P.). —Dun & Bradstreet’s daily weight-

ties, (1930-32 equals 100): Yesterday esses sesevsbeiire 104.90 Week 880 ...icos00000000s00 105.82 Month ago seciesccsennsesss.1053115 Year ago ........:..estsibe0 112.19 |B 1939 High (March 6) ........ 106.47 1939 Low (Feb. 9) .

LOCAL PRODUCE

seb osss cnn

Martin Gl...

104.63 - Jn

35 h

N LOCAL ISSUES Thé following apolis Bond & 8 0 n nt actual bids or offerings, bi indicate thé approximat: ke based on buyin

36 3

recent transactions. Rig i

Indpls Gas Co ..... .. oe Heavy breed hens, 15c: heavy breed broilers, 412 1b, and over, 13c; hens, under hi Die SL ee 2 1% Ibs. 14c: Leghorn hens, 1lc; Barred incoln Nat Life Inc Co com.. 27 te Rock springers, 12 Ibs, and nd Bib Serv 5» ofc... 811 over. ge: colored soringers, S22 abs. and nd Pub Serv 67% pid : 92 ul § {ess ver, pit sprin chiokens 2 the. ahd over, |B Ind Pub Sey co onl] 3 io 1 2 pe fess. ountry-r Ss, 13¢; uly Serv +) of Ind 8% bid: 31% (each 13 ull case must, weigh 54 Ibs. gross. |EUD, Sery £3 Sand 1% Bid}. 81): Set deduction of 18¢ for each full ‘cass |89 Ind G 8%. 01d wits 2

r 54 lbs. will ade.) HE No, 1: Bade: No. 2. a |¥, ; butterfat,

5.3, 1 *

(Prices Suoted by Wadi

Aner Jean Ind Sorel

ayte Elée Co pid .. am CO sive Van Camp Milk Co com nds a

se FINAL EDITION EE RE nr vif OF THE Ties De nw 5 Indpls Water 3'2% 66 ... :.:.105 FOR Biles Zoi 8 Yio OTHER LATE NEWS Morris 5410 Blores 9s hyo. 00%. 1 AND ER Pr 4. 3 Su ichmon i ater CLOSING STOCK nti pe _ QUOTATIONS fe Cay

we By United Press cus

uotation; by the Indian1

repre - reel

market lev and selling Quotations %:

TOCKS

DOW-JONES STOCK AVERAGES

Consolidated Edison led the util- Wh Low ims ot ge 30 INDUSTRIALS ities higher. A. T. & T. was up Addessograph . 26 28 ig 78 | Yesterday .ocoveiuiennes vase 147.66 —8.44 % at 163 in the communications. It sjjeon sr Ty 1 Yo 3 Ya Week ARO ...ieecuiesseccese 151.33 —0.00 opened at 161%, Small gains were|Alle tp p pf 16/2 1 $: — Ya Month AEO seevercerecciceas 145.39 0.79 Gen-|Allég Cp pfs3ow 13% 13% fo + Bvenr Ao ..ioiiiennnennns se. 122.08 —0.84 made by Santa Fe, Chrysler, N=|Alleg Lud S 21% 21 13 — High, 1980. 154.85: Low, 136.42, eral Motors, General Electric, Mont |Allled chem ...174 ~ 473, = 113, of Bish, 1089, 1548; Low, 336.88. gomery Ward, New York Central,|Aiicd Stores of 80% tt Bh Fak . Je 41: tow. 9 and Southern Pacific. Am A ots: Ba [2% 3% = 2 Yesterday ...ce.iviniireess =1.20 s Tumble Am Bosch 16 6 «= YalWeek Agd ... —0,33 Ose Bond Am Car & Fy. 3% 35% wh 5 : Month Ago . +0.47 A wide open break in Czecho-|Am Tole SRF. we I He Tai 3.2 Year Aro —0.5¢ slovak Government liens featured |am & Fr $7pt 18a (18Ya i Ya. = %| High, 1939, 31.33; Low, 27.08. trading on the listed bond market. |4m Hide & L.. Hz Ha Gz oc | High, 1088, 33.08: Low, 19.00. Czech 8s of 1952 tumbled 25 points | Am Bye & i. 8 8 Sr Se Tl BUTTE 2 - : . 3: eon . to an all time low of 35, while the 8s|4m BEL 6 pt. 28, [82 [92 2 % Feaerlay. .» ts Tout of 1952 reached the same level on a Am RB: d & SS. a 1 43 15% 28 - Month no. 2534 10.49 10-point drop. Selling in both is-14% She. ! 45% 45% (3% — Ub| Wear AKO .......eiesees vo 1815 —=0.22 sues was extremely limited and the am 8 wT 8 By 3p = i High, 1930, 36.52; Low, 22.30, break reflected an almost Samplete Am Ti To. sl 1314 UA — 1j2| High, 1038, 25.19; Low, 15.14. absence of bidding, Prague 7'5s of [4m Tub B..-. %, [2 13ai= 4” Net i Low = Last Change 1952 steadied at = Other foreign Anaco ds an 2 8 & +12" | avin: ot Hea Lew 8 hg dollar bonds were barely steady. Arnold, C nse’ 8% 3% {1% = "¥o|McCrory ...i.. 13% 13% 13% — % Rails and utilities led the domes- | Articom ....«.. § me is = % McGraw Ei "LL 2% 2% 2A% * % tic corporation section lower in early Atehisg nid 2 39 : 2% cia i) én 4 7 1 i Va see trading. Prices dipped fractions to |Atlas Corn . Hg Yo | vaue mi 10 — » : Aviation Coil LN 6 % + '%|Mont Ward... 51% 51% 51% — more than a point at the outset snd ATL recovered slightly. from their ex-|. .. ocg be. . 1% H45% 19%... ’Kol —n Thais treme lows when selling dried up alt & oniol: i BY ila = Nat Aer me .. ne J 137 18% 2 AYN a a i i ) —-— 4 we — Tovar Ce or oe mow Eun Ffur gd, 8, JT ENE Ne BE BE BCE Aircraft Issues Firm aylk cig - A ! 1 + 7 Nat ur & Tt. 81% 8 8% -— a cos 8 ) CR viii seis Firmness in aircraft issues fea- eth Slee] suas go'a a $i j- H NY Cenfral . 18% 1812 18% — tured an otherwise lower trend in|Blaw-Knox .... 5, J % 3m + nse on. pi: Be B— 0 curb stocks. : orden. o-oo 3 032 DZ yp |NY Dockpf.. T% TH TH. h rT — oe ar Boston lf Joo 3 32 BEE. % Shin ot 7 mii mid = 8 eed, Bellanca - | Brew Pp : a 28 [eens Mer ...... 24%, 324% 24% — : fg .... 25% 5% 2% % ned | fmctomly | Brewer Ge Frac BE G8 Be CAA HER -M vied 4 i ™ Grumman and > =o vi ig ois uoyrus| Erie .. 11 i % 1, wi 3 ut levels. Other industrials were off uaa Wiki Hi AR = miGMagu on i gn gm CW evels. 2) : 8 is — 1, | Omnibus ...... sees : y urroughs ..... i De, ik Otis. Steel: 11% 1 112 = 1 fractions to more than a point. i 08 ve 8'a of 1h i, a 3 Owens Ill Glass 861% 66 66 A 112 Utilities were Steady. Oils were Butler Bros of. 22% 2% 8% — —P— neglected while metals were easy. Calumet, SH. gine 5 . %i— Beg & EL. 3 3 — % a RR Celanese i. 37a Hn i748 1i'y,|Packard 4 4 4 Vs p 3 A i. | Paramt Pict .:. 103% 0% 10% — ¥% . hes & Ohio .. 367 15% 30a = %aipark Utah ..... 1% 1% 1% ees . YX. DONAS |cnmsirarpt to pif pdt no|Eame Snes aL gl gl : Cluett Péab .... 29Va S0%a 20% Y2| penn D Cem. oon Tar a — BOND PRICE INDEXES [Golem ® iil3p 350 1° = W|BGAn R Som fir off 48 — 1 DECCAN i RE d. Rails Util. Bonds|Com I 57% Hive 81% — YlpiveilCa ol .0tl a0 s : . : 1 2 3.1|Comvlth Edisén 27% 1% 2% — Jalpj ww BN iu Yesterday ..... 87.6 619 101.6 83.7) Qomuity | Redise in Ua Tn BEL < a I ad . 63, ny, 7 Week Ag0 ..... 87.8 63.6 101.9 84.4! Cons lif Qa. . 924i g . 3, : ts EF 5. 13 308 13 a 1314 fees Month Ago .... 86.6 59.1 101.0 82.2| Conis Edison 33 @% i% = a poor, & G pt. 13% 13% 113% vy Year Ago ...... 80.1 567 914 76.1|5oNS Laundries. nm gw nl ® Public Serv ... 36% 36% 38% + % Two Years Ago 93.5 97.9 1035 983 Con RR Cuba pt 254 2a 2 to oe 2 Fup Bs Ser 5 or’ pf.. EE 136, ow 1939 High ..... 88.0 64.0 101.9 84.6 | CoO! & 7 0 ta 40 Hs wf) Pare Ba 15 15 = Iden ome we wa melcmiofeno tl Ud NTR a on . A a Pe Ob eicee i 4 se. ceibes eens -—_ gh i BE Ep Coty Gare SN oh gu — % Radio: Jor "ll 2k ah 2% 1937 High ..... 95.0 101.2 . 106.0 100.7 Crane Co ev pi:107% 107% 07% — i epublic Sti 2 3 197% 20 2 fi 1937 LOW ..c0se 80.1 69.3 92.3 81.1|{Crown Zeller .. 13 13 13 == 3% | Revere op, 16 18 16 + i 1936 High 94.8 100.4 1062 100.2) Crucible 86 ... i a Be I Reyn Tob B.... 33, 38% 38% i Nese . rtis Pub .... } 8 == Ys|Richfie il os. a a a 8 1936 Low ...... 90.0 © 84.7 103.5 03.3 | Curtiss-Wr +... 6 5 £ —~— (Copyright, 1939, Standard Statistics Co.) wa | genulte ®. - % Deere & Co.... 21% 21% 21% ~~ %|S aw gs 22 U. 8. GOVERNMENT BONDS Del & Hud .... 22% 20% 3 5 + 1 Sears: s Fokbuck. ih ne 1 fn r Treasury Bonds - 2 B Lx & W.... 8% Big 62 == Vy Servet ib 8 16 8 — fast|Dist Seag ..... 19% 132 19% .... ha i ivi 0% 10%. 10% = ¥ go totes o.oo... ifs fT ytfiicome Mier od PE BE FU ISAmGag i gE gn 3 TL 28 183 peneo.-0hds ME 00 Ben Mig : Ph 1d, ony South Pa 0.16% 16% 1% — ia 2748 1960-55 <vsvvs....106.20 106.20 106.20|Du Pont ...... I 1518 ~— 1% outh Ry ...... 10% lore 10% — 4 2348 1959-58 "evi: ieess 105.11 105.11 105.1 i : ! 8 5 — Ya 2%8 1963-58 .......... 104:20 104.20 10420] poy Alp Lines. 16 15 18... ghetry Cor... 12 42% 2%... Federal Farm Morigage Bonds Eaton LM Mis.» ah iE 2s Bs = Y2|Spiegel Inc : 14% 14% 14% — 1p 3%s 1964-44 .......... 108.24 . 108.24 108.24 |Ele o-L ... 4 ts — Y2|Spicgel Inc pf.. 74 = 13% 139% .. lec Boat 12% 10s 1218 + 1 7 7 8 -ey FOREIGN BONDS leg Pwr id Li: 10% 1034 10:2 — i|Gtd Giamds Wr zn High Low Last |El age Nat Gas 33%2 3a 332 ~~ !2/8td G& 3 1 1 Argent ds 72 Apr... 70 18% 76% |Eng P 0 1G 10 215d SXEPr 3 82 Bp oe, 0000 /BI1EIE TUN OD: Z “r _—— a 2 3 -— B 55 02102 103 (Ee Lo 5 BR aa LL TEE : —- Aroha hs 26. i 00 100s 10% Evens Brod ll 10% 10% 10h Ly Studebaker 1h lh HN Austria 1s 57.....0..... 15% 15% 13% Fae] wift Intl ..0.0 27% 31 21% Tazil 88 41......a00ees : 3 BY 515 am To Brazil 6l%s 26-57....... 18% 18%; 18% Fairbanks PE. 0% af gz =! - Sign Het i dE HE BR HTT diego oe ge an op Czechoslov 85 52........ 5 35 35. on : omp Star .. 27% 3%” 27% Ries Corp se opi1s ders "Seid alt Gabe Rebhofy- 13, M, 12. = flop AOU Is BA ne Zn B& Orel 55 A 95...... 22% 22% 22% [Gen Am Tr 5% 50 85° =1™|%0th Cent-Fox.. 21%: 21% 31% — % DOMESTIC BONDS Gen able ois a ii 184 + bin 3 lee a 1 Ya £ Ys 3 = 2 oh B&P .... 102 10% 10% Tat T & T 86 55........ 111 a" Yio! Gen Tools i 12 ut 3.2 75.0 Unien Cah... 3015 B, BE =n FI Gon on ds 8.5 Sv Sta 891, |Gen Motors Pia 41% 48% — %|Un Aircraft Cp. 38% 3814 3814 a Penn R R. 3%45 53...:... 89 89 89 |&Gn Hogs PPR. Bh 3, Air Lines .. 113% 118 11% — 13 Rep Stl 4125 61....000s. 941s 04y, ~ 94y |Ge0 BY Ble 74 24 3s — KiUnited op pf. 36% 38 36% —1 Vac 355s 50 107% 107% 191% Sem RYE 34 olf obit T s|United Drug... 6% 6% 6% — u BO ae 23 YUraues a» 41, 84 A San a C pf nn 3g 23+ + 8 nk onal. . 4% 434 43% i Nr. ee AnDRE wnat i ena SION. LEE vias 5 japan: 7 1 Texas COT 3%8 51....0. 1.106% 106% 106% Gimbel Bros 12% 1 1213 r- a wm od Ts 2 Ne x 1 —-1 Warner Bro 85 39:..... 100% 100%2 100% Gonel Adal. i. 2; 3 - us nd Ale 23th le i wy, 4 3 == a pe&F ... 4 47 47 — 3 3 oodr Tsvens- Yi E lly — I " Curb Stocks Goodrich pf oa ad Tu fd 3 g : Soper =. 3 sa 8 i * i AT UU YLOLCKS |Goodyear:...... 3 Y § 1 ais / -— Graium paige. i ii i. 3 a U 8 Steel oh 50% 59% a a ay By 3 ~~ U3 -— ’ ich. > & or th pf... 27 267% 26%; .... (Vanadium ... 25 - High: Low Last cha: ge gt Nor Or Pliifiu TR Bi on An B® 3 EB —2 Alum £9 am .s 113 is 2; t Su bs: #1 2% 7 aly -w Am ndrlines 4 Ghevhor pd Cp. 0 161 0 ~~ Am Cyan B 25% iy 25% — Guant 10 Sug % We 1 Walgreen ... 18% 18% 4 Am Super :.... % A Bo... 3 A 3 . Werrer & : 30% 30% — 3% Ak N Gas cu pf 7 Ty ~H— : ES £5. Fone Hn 30 Asso G&E A 1 1, .... |Harb-Walk .... 2 26 26. = © 1244 241, oy Atlas Corp wts. 7% Ly 1B ese ay sie: in Tis $0 7." West Union. is ie 35 1245 -— 3 Bell Afr ....... 2 Ne 2th... ied oo 11% 13% 119. 05 | West Air Bke.. 3 4 Ya 271; -" 3p Bellanca Air .. 8% Sn iw 4 nm etc Mot _.... : 3% 168 Bh — Ve . / Sd | —h 5 Tewster Aero.. 10% 10% 10% — 14|Househa Fopt. 108% 106! 000; + 4 Felow 7 Fr pee 18% if 18% — % Buff NEP pf .. 223% 22% 22% = J3|Houston of" i Iv vs STlo% 1H"... = al Marconi . nt 18 1 Ya = Howe ound. 10% wis oy L1,|Y vh oe i 33 - 2 arrie ie a 8 8 — —T dod oil Ip ey CEE tant te 1 1 — 7 C St El 6 pl... 4% 4% 4p — be . |¥ng Stl Dr.. 26w nm 26% — i . 3 I Central .... 16% 1€% i6%: = ¢ : Glove BF Tum 319 37i 37 7 Z''y,|jnd Rayon .... 28% 3k 4% T of om iy Ea Gas & Fuel. 1% 1% Ya *!Inlahd Btl_..... 88 86 86° 3 \Zonits ......... 3 3 2... Ea G&Fuel pf.. 23° 22 23° .... Int Harvester 3h 243 Th ———,_,———— El Bd&Sh ..... 1 03% 1 ve By bibl Poi 1 i Hl BESS an QF ge Suda 8 no (AMERICAN AIRLINES Ford M dls AY AY — 1 Bl eae D0U2 2 5 TT 1 : ; Gt AXP ....... 412 84 84 C — 2% Int D&D of 2 1a 4 ir Tak INCOME FAVORABLE pt @2 430 iL T Safowp mE Me Sw = ASAE fE BR QC re Humble Ol “.. 62% 62% 621 _.. '|Int Shoe Rt |) Se aw . © nd 1 “LBs ae oh ol SZ + Bt 181 poy: 822 oh Ba NEW YORK, March 15 (U. P).~ Kirkland Gold... 1% %s 3 3 nie 4 — Sy : American Airlines, Inc. earned a Lockhee r sabe i s v ; NY Yair Sv pt al aM an =v Binney" s, oil fod 364 18 ..*|net pront of $213262 in 1038, comNiag HB 1 pt. 8% 89% 89% — 1% oe ® BB = pared with a net loss of $93,628 in ; Benfroad 11 812 615 ''sylten Po pt...118 116 18 + 1:,/1037, C. R. Smith, president, anpitts P1 G1 ....114 ~ 11315 11 —1 oh val RR... 4% 44 4% ui Premier Goud 2% 3% av .... (bel Bde 8, MH. HB Tri nounced today. Sunray ofl x ule nga 2% 0 a BI:100% 1644 108 ~1°| The line carried 358205 passengers Technlco for 18 18% 18% - 3|Li4 Carb. ..... 133s 10a Lk + 3in 1938, a gain of 10.2 per cent over on Sat She: og 3 ov, |LOtAra Bf TlII160% ih 189% 77.7" the 300,571 carried in 1937. Air mail Marine Mid ney 5 bi revenues increased $349,181 to $3,-

{331,474 from $2,982,283 in 1937.

Air express revenue, however; declined moderately to $353,617 from $359,264 in 1937.

Revenue passenger miles flown in 1938 amounted to 140,869,290, 4 gain of 14.4 per cent from the 1931 total of 123 074 ,318 miles.

[ELECTRICAL OUTPUT

FALLS OFF SLIGHTLY

NEW YORK, March 16 (U. P.).—

, | Electricity production in the week

ended March 11 dipped slightly

tended its yearsto-year gain to a new peak for 1939, the report of the Edison Electric Institute iévealed today. Production for the latest week was placed -at 2,337,085,000 kilowatt hours, a gain of 11.1 per cent over ‘the corresponding 1938 period when 2,014,729,000 kwh were radios Output in the week ended March 4 amounted to 2,244,014,000 kwh, a gain of 10.2 per cent over a year 880.

Colonial — Savings Acs

al counts are Insured by Gov-

ernmer it Agey. up to $5,000. Oolonial **"Asteiiion™"

kn,

from the preceding week but ex-|

— FRAUD CHARGED |

IN TRADING OF GRAIN FUTURES

Two New York Firms, Five Persons Listed by Wallace.

—~Agriculture Secretary Henry A. Wallace today charged two New York brokerage houses and five persons with violating fraud provisions of the Commodity Exchange Act in grain trading activities.

Secretary Wallace made the charges against H.. W, Armstrong & Co., Alexander Eisemann & Co, Joseph Buchhalter, Alexander Eisemann, William C. Durant, Catherine L. Durant, and Clement B. Johnson, all of New York. Secretary Wallace said the persons cited had been trading in grain futures on the Chicago Board of Trade through the brokerage houses named. He charged that the individuals and firms “cheated and defrauded persons for whom futures contracts were made through the issuance of misleading and false reports concerning accounts of their -customers.” ; Secretary Wallace said they promoted and operated a schéme sometimes called the “Buchhalter Plan” of trading, under which customers were led to believe that they were

‘|assured weekly or monthly incomes.

A hearing was set for March 19 in New York City before Referee Jack W. Bain. The Commodity Exchange Act under which -Secre-

through the Department of Agriculture.

i TOOL ORDERS RISE

CONTRASEASONALLY

CLEVELAND, March 16 (U.P.).— Volume of machine tool orders in February advanced contraseasonally to the highest level since Septem-

1; | ber 1937, the National Machine Tool i, | Builders Association reported today.

‘The index of foreign and do

|mestic orders compiled by the

association touched a high of 167.1 in February, compared with 150.8 in Jahuary and 75.7 the corresponding 1938 month. In September 1937 this barometer stood at 210 A.

+TRADE REVIVAL |: ‘NO. 1 PROBLEM)":

#%|Volume, Velocity of Turn-

over Cited as Key To Recovery.

NEW YORK, March 16 (U. P.).— Business revival is dependent on the volume and velocity of the

2| turnover of goods. and services, ac-

cording to Floyd L. Carlisle, chairman of the board of Consolidated

4! Edison Co.

Declaring that the revival of business enterprise is the “No. 1 problem in this country,” Mr. Car-

“| ]isle said “the economic well-being *lof modern society is dependent

primarily on the volume and velocity of the turnover of goods and services. All Government activities —education, social welfare, national defense, etc.—as well as wages, interest, taxes, are paid from this source. There is no other source. “The natural inclination of people is to consume more goods and enjoy the many material things that. mass production has made possible in America. American

» | business is devoting itself to satis-

fying this demand for goods by pro= ducing more and better goods at lower prices.” ; Mr. Carlisle’s ramarks were made:

“the largest co-operative campaign for the sale of automatic refriger-

¥2| ators yet attempted by the indus-

try” He addressed an audience of refrigerator manufacturers, distributors and dealers and banking, advertising and utility representatives af the Waldorf Astoria. "M. H. Aylesworth, publisher of the New York World-Telegram, in ‘commenting on the campaign, said

to mgqve forward than now-—on the: threshold of business Tecovery and | by expansion. - “You will,” he added, “inspire other industries—put people to work in factories increasing production, putting new salesmen to|_s work and rendering a great public service in selling a necessary health

INCOME IS SECOND BEST IN HISTORY

PITTSBURGH, March 16 (U. P). —United Engineering and Foundry Co. today. reported net income of $3,192,619, equal to $3.82 a common | ¢ share for 1038, the second best year in the company’s history. In 1937 net income was $4,043,644 3 $4.86 a share, the highest on recWhile there was a reduction of unfilled orders at the close of 1938, ‘George T. Ladd, president, said, an improvement in the heavy machinery business was noted towards the end of the year. Surplus of the company was increased more than a million dollars during the year, with total of earned surplus at the close of the year amounting to $6,156,370, an addition to g sapital surplus of $1,475,272.

na obtained gratifying results from its development of Te engineering and reearch activities, Mr, Ladd said such development will be continued. He added that the company’s foreign markets were developed substantially during 1938.

~" Guatty Lp Price

19] £3 STE ff

WASHINGTON, March 15 (U.P..|

tary Wallace acted is administered)

in conjunction with launching of|@9; 100-

that there could be no better time bou

giving convenience for the “home.” ib

ing out that the company|

I War Comes :

Tondon Traders Seek Alternate Location For Exchange.

LONDON, March 16 (U. B). —Officials of the London Stock Exchange are taking action to enable the institution to transfer its activities outside this city in the event of “war or other emergency,” it was disclosed today. Members of the exchange were requested to attend a meeting March 28 to vote on a plan to amend the deed of settlement to allow a committee to acquire alternate trading accommodations in “London or. elsewhere in the United Kingdom in case of need in the . event of war or other emérgency.”

STEADY PRICES PREVAIL INHOGS

Vealers Show Strength With Advance of 50 ~ Cents.

Keeping in line with outside markets, hog prices at Indianapolis today remained stationary around the low levels of the week, according to the Bureay of Agricultural Economics, Top price on 200 ‘to 210-pounders held to $7.75. Vealers showed strength, rising 50 cents. The top price went to $11.50, - Fat lamb prices held fully steady following the scarcity of supplies

PRICES DEPRESS : CHICAGO WHEAT

Traders Give Little Notice . To Political ‘News in Deals.

CHICAGO, March 18 (U. P.)— Wheat futures eased in sympathy with outside markets on’ the Chi-

|cago Board of Trade today.

At the end of the first hour wheat was off % cent, corn off % to 3%|{cent, and oats unchanged to % cent lower. 3 Scattered selling of wheat carried prices off 14 cent before fair local

|support. and some buying by milling

interests steadied the market. Local cash interests reported sales of 15,00 bushels of wheat to outside mil : Liverpool wheat closed 3% to % cent lower on realizing sales and liquidation based on Australian pressure. Winnipeg lost 3% cent in the first hour, with all deliveries reaching new seasonal lows. Political news failed to attract much attention in the local trade. Export business continued slow. “Corn prices weakened under local and commission house selling; but buying on resting orders gave the market fair support. Foreign inquiry remained small.

CHICAGO GRAIN

Opening prices today on the Chicago Board of Trade, as reported by Thomson & McKinnon, were:

x May July Sept. Wheat— 671% $.67% $.6834 Corn— 47% 491 5014 Oats— 2884 21% sessssnee 42% sess 44%

WAGON WHEAT

ON THE

TONIGHT 7:00—Kate Smith, WFBM. 7:00—Rudy Vallee, WIRE. 8:00—Good News, WIRE. 3:00—Andre Kostelanets, WFBM.

a 5 2

Robert Montgomery will return to “Good News,” 8 p. m. today, NBCWIRE, to appear in a dramatic sketch, “Fate Is Not Always A Lady,” The “barber shop” quartet, including M. C. Robert Young, Frank Morgan, Meredith Willson and Warren Hull, will sing a medley of Irish songs in ‘commemoration of St. Patrick's Day. Gertrude Niesen will sing Gershwin’s “The Man I Love” and “Could Be,” while Mr. Willson will present a mock operatic version of “Jeepers Creepers.” 2% » Between stage numbers in Noel Coward's revue, “Set To Music,” Beatrice Lillie will dash across the street to guest star on “Tune-Up Time” from the CBS Radio Theater in New York, heard at 9 o'clock tonight on. WFBM. Miss Lillie will present skits from |the musical show and will sing one of her famous “ballads.” Walter O'Keefe, M. C., will swap “gags” with his guest star in their first performance together since they played in “The Third Little Show” in 1930. 8 a i Two Southern “local girls who made good” will get together at 7 o'clock tonight, CBS-WFBM, when Tallulah Bankhead appears on the Kate Smith program. Miss Bankhead is starring in the Broadway show, “The Little Foxes.” Miss Smith will observe St. Patrick’s Day with “Macushla” and will introduce a new song, “Little Genius,” 8 8 8 Marking the birthday of the Irish saint, Pat O'Brien, a cinema son of Erin, will contribute a slice of blarney to Bing Crosby’s program, 9 o'clock tonight, NBC-WIRE. Matt ®

FE RADIO

.Aalneck’s orchestra and the Music :

Maids will be guests.

Mr. Crosby’s vocals will include “Sing a Song of Sunbeams,” “Bast

Side of Heaven” and “Believe Me if

Those Endearing Young

Charms.”

2 8 8

“What Should Be Our National Defense Policy” will be discussed. by Senator Bridges (R., N. H) and Senator Connally (D., Tex.) on the America’s Town Meeting of the Air (8:30 o'clock tonight, NBC-Blue), Senator Bridges is a member of the Military Affairs Committee, while Senator Connally is a Foreign Rela tions Committee member.

# » ®

William Hain, tenor; Beal Hober, soprano, and John Gurhey, basso, will be soloists with the Rochester Philharmonic Orchestra at 7:30 o'clock tonight, NBC-Blue, in an all Wagner program.

Mr. Hain will sing the “Prize Song” from “Die Meistérsinger” and the “Spring Song” from “Die Walkure.” Miss Hober will be heard in “BElsa’s Dream” from “Lohengrin” and “Dich Teure Halle” from “Tannhauser.” Jose Iturbi will present the orchestra in the Overture to “Die Meistersinger” and Prelude to Act III of “Lohengrin.”

" » 8

A preview of the future visit of Crown Prince Olav and Crown Princess Martha of Norway to the U. S. will be a MBS feature at 1:30 p. m. tomorrow whén Hans Olav, executive editor of the Nordisk Tidende, largest Norwegian language paper in the U. 8. will be intere viewed by Francis Paterno.

# ® 8

Dr. Walter Damrosch will discuss the opera in the weekly NBC Musig Appreciation Hour at 1 p. m, toe morrow, NBC-Blué. Excérpts from Bizet’s “Carmen,” presented by a 9|cast of NBC singers, will tilugiente his talk. ”

® =» : THIS EVENING |

(The Indianapolis Times t ible for Inaccur aouncemeénts uted by SIateon Shrntes are ores th me.) nein. Bn program ame

T this week. A top of $9.25 was rain elevators are payin earlier 1 Pp $ y Bl 830: other grades oe their a INDIANAPULIS INDIANAPOLIS AGO 'CINUINNATY paid for good to choice 84-pound|,t: corn, new No. 2 yellow, 42c. Oats CBE Naty JRE 0 WELS- WENE 80 (NBS 2) wooled fed lambs. c. ! a= . : 2 bi...) — : 4:00 Befote the House 1. U. Program Mu io Conference Han ’ LIVERPOOL WHEAT Prev.| 4:15 Tea Tunes Unannouncedl ; Jamboree (All Receipts Are Salable) Low Close Close| 4:30 ~ =» ome Edition Serenade Jack Armstrong Mareh to BepisiM areh To Bovis arch, old . 860. $ £9. 8 £9. $ 80% 4:45 . un Varieties Johnnie Johnston New 3 i arch, new.. v . SIR BEN ..s IN NE OD Bia 8a ga '| 5:0 Christian Science Spelling Boy Don Winslow Dor Win 11 vee 10 i. 1{ 16 .... 95 5942 Ma, new.... 0 Bh 0% in 4 fowie i Ge Good Afternoon Malco a & Caste Fatriciy | Simors 13 RE A WY atasssises 1% 4 4] 5:45 interview Safety Talk Sports Lowell Th Barrows and Gilts | Packing Sows 6:00 News Aces Eas ces Good and 3 350.8 . 75= 1.00 6:15 FHA Talk Vocal Varieties Fost $55 ons Jars Andy Choice— 350- 425 6.60- 6.85 6:30 Joe Penner Walter Shead Sports Believe 28 {3- i 60.8 $35. mn as. ait 450 6.50= 6.75 ) 6:45 vr Newspaper of Alr News Trade Svorts 180- 200. 1 go- 1 52 350 6. 2- 6.75 \ iis Kate Smith * Budy Vallee Know Your School Rudy Vallee - « 1.65- 7. aughter Yigs 2 3 » » ” 230- 250. 7.50 7.75| Good and Choi 4 POSITION IS BETTER : : Philharmonio OF. 5 BEE Te NER rrr . re - = edium. : ; Good News Mills’ Or. Go : CATTLE (Receipts, 2) : as Hal mov nw Tn Frag s Or, ot Ne : a 3 ow! eeting hate Bt fan eights . NEW YORE, March 186 (U. P)—| 8:5 » =» Ad wo» 750- 900 $11 190-12 -12. Ga ie $ 17.00- 15 ndications that the gasoline refin-| 9:00 Tune-Up Time Musio Hall "an Musio Hall 900-1100. dium. 6.50- 1 2 : : a 1100-1300; 11.30-13. i Cut. tom’ 5:7o- 6.50| ing industry may enter its heavy = a - =. Minstrel Show " a Food 9.50 sa ters’ - |consumption season within the next| g:45 Social Security » » he) » 0» - =11.50| All Weigh few ks § better statistical J Social Secu —— 900-1100. 9.75-11.50{ Choice $11.00-11.50 EW weeks In a better statistical PO-| jain News Amns & Andy New Paul Sullivan | mite: BIE iie dealin wot sition than in 1038 were seen today WM Fifteen fH Elita pguees slip 32700 cums" mimon. 5.00- 8.50 in the report of the -American|{y'} =» © isle, i. rigode farinets on 1100-1900" 848s 8.73] (Recipies 451) | Petroleum Institute for the week 11:00 8. Kaye's Or. Casa Loma Or. Mugio Fisher's OF, Ca PII oso nop. p00] Ted. March 11. 1130 L"Nobie's Orr" Cragoy's Or noo» Moon Rive : - “ - lo A b ir . i nt 0d n_$ j= g0o| The institute estimated that alll iiss VERY, H. Kay's Or. wn Riyer eifers Medium. refiners had a total of 85,966,000 : _— Choice— . »J00,UUL 750- 900 10. 25-11, 00} ge é sna y %%| barrels in storage at the end of the FRIDAY PROGRAMS 7900 500. 9.00-10.25) toc re attle week, contrasted with 92,294,000 on ANDIANAPOLIS INDIANAPOLIS INDL NAPOLIS CINCINNAT: Mediu 1Good— the same date a year ago. (CBS Net.) (NBS-MBS) (NBS-MBS) 550+ 900. 8.50- 9.25] 500- 800.8 8.25- 9.25 —— : : de Com | 900-1300, 8.25- 9.2 The March 11 storage figure rep=|~gz0 Early Birds evotions Unannounced Checkerboard 530 900. 7.00~ 8.50 Medlume= 1.50. g.25| resented an increase of 587,000 bar-| 6:45 » arkets er Rentro Valley = Cows Common. 7.00- 7.75 | rels over the preceding week’s figure, | “7:00 yh Tunes & Tips Breakfast Jam Time to Shine Seah ® 48: 18locoq oSOIES [which in turn was T8300 over the| if © Z : 3 A oh Qommon is 5.18. &50 La G00. ng Sab Feb. 25 total. In marked contrast,| 3:45 ooo» : nn nv : ‘and cutter 4.35 5.951" medion 6.00« 7.50| the two- weeks prior to hat pa S$:00 - B. Maxwell - News Bird Coffee Cup Paul , Alison SHEEP AND LAMBS (Receipts, 1315) | nessed an aggregate rise of 4,38 8:13 Apion Strings Baby Bulletin Fashion Footlizhte Hilton. Banie® Lambs barrels in the nation’s stocks, 8:45 ¥ Symphonic Band Devotional Silhouettes Good and choice .. ..........c. - 3 Good 2nd 1 mediun Secs ssnstsse $8 780: i C t 414 Farrel's. Ki Kitchen Sentral ity Matinee | 1 Like Musie es sear vain - 9:30 Plain Bill on Julia Blake J wi hicag 0 S ocks 9:45 Stepmother Woman in White "» ” The Goldbe! : Good and choi .isesene.. 8 3.75« 4.50 Common and medium tesserae 3.50 3.75 High Tow ‘Last|10:00 American derion David Harum Kay Bartlett Linda’s Love 10:15 Scatteérgoo Lorenzo Jones A Vie H gas on @ Gas.i... 1% In 3 10:30 Bik sister Widow Brown Safety Program Ne wn Sade C ICAGO LI LIVESTOCK Pa3% 28% 23% [195 Life Stories Editor's Daughter Castletime Road of Life Hogs—Receipts, 11, market 1 € 9% 8% 2111:00 Mary McBride Singin’ § N Rhythms Editor’s D: 5@10c lower an Vednesday's generally BE [3 ‘ 3. 30 [1115 Nanoy James Ee Ts oon DN ashter iairly an ivs at decli top $7.85: bulk 35 8% 250 11:30 ~ Farm Circle Dr. Malone School for Brides News £5 208 nde choles 13 180- 256, Joe’ $7.60aT 80; | 17% 1% Ta 11:45 ,. Farm Hour uuy Uréels GIrl Farm Hour gor 00d 400-55 Ld packing s0Ws, $6.40 | 3 Bu, 3 3, | 12:90 Farm Burean Markets Back Home ° ST ag: aehter weighis to $6.8 fe 13 1 4 12:13 News Hieaalines : Frank Dudgeon Farm News e- Receipts. 5000 calves, 1500; fed 3% 1% 15:20. - Bohemians WIRE RePurtts ea) Holbw Smile Ed sects Spa Sedbisins ieady to roi ith 5 8 of [EC Wieuan __ veicsslSavericnce geuy_sihimage Soest Bice. 510611 80: n crop: bulk good ’ 3% Jo Fs 118 ED avis A Do ehter Cigars OF Dm Dauehter nd, Chlcs $1 lain and medium Tap” 43h 4p | 10 Air Schoo) Valient Ladv Ave Maria Valiant Lady Kinds, all inferests. In market; | 38 - 15 37 1 1:45 Betty Crocker Betty Crocker foe Ba >: ats ish, but not enough 36% 36 3 ! —— : - Sab cattle ‘or beef tonnage here 3, permit. buy-| rie 5 8s 81% 1,| 2:00 Marine Band Army Band Piano Moods Mary Marlin ers to save money: top, $12.50; stricti 01; LO 63 28% 926% | 2:15 wise Rhythmakers a Perkins chioige and im cattle absent: best: heif- 8 8 2:30 Keyboard Police Court Concert Hour Pepper Young s $10.50, with “bulk 32 T3810; spot cattle 18% 181% 18% | 2:45 win Progress Parade » Guiding Light pr 75: Sows: scarce. cutter. hides.” S26 in 33 2% 3:00 Notre Dame Backstage Wife Out of Past Mad Hatterfields mostly; bulls up to $7.40; 150-200 1b. veal-|py 3% ay 3, | 3:15 De Valera Stella Dallas Virginia tavier Club Matinee ers mostly $10@11; liens “offerings, $8.50 5 3 #:30 t io Tig St. Jratrick Prog. Beautifu: vife @3.50. Serick Corp B.. 3% 9% 8v,|_3:45_ Eton Boys Gil Alone Kitty Keene Sheep—Recéipts, 15,000; late Wednesday SST Sof B. ‘18°..0 197 1 4:00 Butler Forum Hish School News Charlie Cook Han fat § lalbe. strong to 15¢ Hi het: practica. Wisc Bk Shrs . 5 5 4:15 Tea Tunes I ZaZoonZology Richard's or. deck, $9.25 to traders; |yenith Radio . 18% 18% 18% | 4:30 ». "le Ee ew, Caition Old Refrains Jack Armstrong pekabo oe cow $0 SShMorgiton a dR HE OL BE 2 de Biwsines ~___N trade dctive: Strong to 10c or more higher; , KEY NETWORK TATIONS (Subject to change): to choice - lambs upward oo nd 3 ge): E340 rater” freely choice: Tams. to st | I OREIGN EXCHANGE NBC-BLUE—WJZ, 160; WOWO, 1160; WENK-WLS, 870; K WK, 1350. bes above $9.35. sheep YORK, March 16 (U. P.).—Follow- | NBC-RED—=WEAF, 660; WTAM, 1070;, WWJ, 920; WMAQ, 670.

aay, TR fed "Vestéra ewes, $5. ——

Ne OTHER LIVESTOCK seis sound CiljeBstes Change CINCINNATI, 16 (UO. ~Fogs Ly rate) 1.5104 — 00 —Salable receipts, #3500; total, 2500° total, DE ate fdolla y veees oe eisai. 3100. Market fairly, active, enerally France (franc) ....s .0364 15:16— 73000. steady; top, $7.80; 225-250 lbs., $7.65: 100% Italy (lrg) ....... vo 40626% 140 $ 1016.85; most good packing elgium (belg: « L1883. oud i sows $5.75 Germany (mark) 013%a +.0000%2 et She receipts, 3a: total, 500. | Germany (tr. k). .2195 10020 Coleen Smati receipts. otal, 200.|Switzerland (franc).. 2270 —.0004 4 Market, fairly ac ve, Seneraliy steady jo Holland : (guilde 5308%2 —.0001%% ston. i od hes ot (oad 1035 -1b, 2 Sweden rons . 213 : pi 4 e 08 oad | Norway (krone) .o... ne . earings, $10.18 "i elk $9. Salis: 7%; | Denmark (kron ods —0001% beef cows, Spain (Franco pes). 10341 cesses

bulk hn $6 Ts 50; vealers, nie bat; Shee Blable Teeints, . 100; total, 100. Early Suvbiy ery light demand Slight: few good f eholee fall 's orn lambs, i { common and medium Woo. ed age {i @?9; Slay hter , EYSs Juainly

@ 7.95; 20- dio. Hog +

S, $0010. 50; lambs, $8.25@8.

oop, RI

o 8 = 39 — : Sn

ot enoug sé - crases, NP 3-8 [email protected]. @3.50, Oni ~(50- Hn Ro ae ovs Soa, Joga ell ws, 85c;

higan Yellows, 90c@$1, Yellows: 85@90c; Colorado Bueet Spanish,

isconsin | A

ing are noon cable ratés on major ge

U. 8. STATEMENT

WASHINGTON, March 16 (U. P.).— Government expenses and receipts for the ¢ | current fiscal year uw Fough March 14, comS | pared win a yea

T4003 -d00, ibe gi is; $0260 Tos. $1.25 219, ya Seale o 5 00m 5 50-280 $7.10: 280-300 Ibs. oo: (Expenses. $5, pate i ss 14 3’ dae 288 3 ps the Yahi. 2 300 [P34 HL ben |S oD ol. : 5:336.04 - S = 650, . Roughs, $6.25; 8 ny $5. 25; calves, fi Er eid 34s 398.0 orgs 3, iH 8. 23 LARAYETTE, %arcn. 16 (U. P) Hogs |B ork. Bal. id 313.97 ii 2

2.013; dias o1 83 338.00

a 971

@7.65; as 280 1bs.. $7.25@?1. hs *380- 325 is $6.95 160-2 1bs., $17. [email protected]; Sod 283, 1047, 931. 43 23% 107 15: 47 7 AAS : 2 rs $6.50 down. Calves 3

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RD PUZZLE

Answer to Previous Puzzle

performer. #

HORIZONTAL 1,6 Pictured i Hamiion 1 CARDENAS] 17 Be silent, = tennis player, IIE IN | JAINJABINIOM[_ 19 Horse's nech 11 Smell. SERMSITIO hair, . 12 To worship. | JRE NIE WIE DJBE KIE] 22 Kava. 13 College girl. [PIMACIE DMT] 23 Name. 14 Strong taste. MAP OF EBAIR] 24 Hop bush, 16 To assault. : 25 To elicit, 18 Vivid MEXICO I =]: 27 Finish. 2 describer. 28 Cravat, Musical note. 29 Sick, 21 Remedy for [IS A EINAL 2 HH 31 Star-shaped all diseases. : A flower, 26 Pertaining to po T OIG = 35 North Africay genesis. 36 And. 30 Summoned body, Altar. . 3 Part of 38 Stem, forth. - 51 Beast. Roman month 39 Pictorial

32 Pertaining to 52 She is U, S. 4 Signal system. puzzle. - old age. national === 5 Noun 41 Turkish title 33 Domesticated,’ champion. termination. 42 Johnnycake, 34 To undo a 53 She is also 6 Evinced. - 43 To impel, . setting. U. S. national 7 Paid publicity 45 God of 37 Kind of I 8 Instrument. wisdom, pottery. champion. 9 To boast. 46 Big. 38 To disperse. 55 Small inlet. 10 Smooth. . 47 Region. 40 To delegate. 56 Writing tablet 12 She —— in 40 Snake. 44 Pertaining to 57 Pertaining to the English 50 To total. the teeth. the sun. tennis 52 South 48 Default. VERTICAL tournaments. Carolina, » 49 Heavenly 2 Diving bird. 15She is a —= 54 Senior. : 4 7 [158 re 4 i6 | 32 : 5 38 | 48 2 { | * : &