Indianapolis Times, Indianapolis, Marion County, 20 March 1939 — Page 15

y. NC FE a ® i a — “or United Press - °° ye |DOW-JONES STOCK AVERAGES © Hen Low tan oliie 30 INDUSTRIALS ). Adams I EXp oes 8% 8% Sh —4 SatGiey sopssenstevineesan 1H 33 7 aska - S ; sEes0sssNensscn '. g/t Cp: of 30 W 1% 13% 11% — % Monn AO ..ovvscnssnensess 142.74 —2.77 \] gr -— : 94 Sb xf Bod 10 3% ne a Year Ago sasctssassesareess 120.29 -0,14 Alleg Lud Stl .. 3% 20 20 «ese ‘| High, 1939, 154.85; low, 136.42. Allied Stores .. 8 8% 3. — | mun. 193 158.41; low, 93.95. Alar Enos’ 43 82 Br — 4 2 RAILROADS 3 An sr R$ of au ® 1914 “eves |SAtUrdAY .i..cecvcsecesneess 20.58 =—0.61 ? m e oe 4 esse 7 Am Loco ...... 32% 32 235, "1 [Week Ago .......ceipeeec... 3245 0.62 o Am F&'LL UL 8 8% BI Lo. Month ARG ....cceciiiiee. NSS —100 An TALS DEA Hs 38a WX Lilvear Age ......c.ie.iie... 28.61 0.07 . a 25 —— 4 ; : gry , 1939, 34.38; low, 27.98. ; ae la H | AR Seating. :: i 18 is on Heh 1938, 33.98; ——. 19.00. Northern Indiana S Chevrolet Plant ere AR Sus Bn Bh Ba XB 15 urmimEs 8 : Shin Ia T Th -+-1800% 15534 15%. a 1% Saturday ......cev0000000000 282 =04s 4 i Sapo WwW m Soe 78 Luly wm Week AZO .....cooneseescnse ? A 3 5 — s Net Income Is Added: 300 orker S A NeW. lin 3% 18 = % Month ALO .......eveeeeee.. 2848 —030 : Andconds, seas 28% 24% 30% oe 3 Year Ago ........vipeenn... 17.86 =0.10 7 : Armour ee at? A 37 — Al High, 1939, 26.52; low, 22.30. 5 Higher. In Year. Atchison c.. 88 83 '58 Il | High, 1988, 25.19: low, 15.14. LE a IR * > k snes 8 — : Pn Atlas Corp .... Th Th Th een. . Net Merger of the Northern Indiana| . Payrolls for General Motors em-| » Bi High Low Last Change Power Co. into its holding company, ployees in Jadiasiapolis Jeti Bald Loco ot ... 13% 13% 13% .... |Memgel st pf.. 24% 20% 324% — % ; ® . ( an the evrole! ommercia y|Balt & O ..... sees as saws Ares § the Central Indiana Power Co, in| co, and the Allison Engineering i He B3 I Mien ee 1 he 5 ETA SB order to effect savings in taxes and| Corp, totaled $2,967,822 for 1938, the Bein 51 si $a fin. 81 SI +20 RR pt £8 1207 iggaTY rgb rea 3 corporate expenses and to simplify annual report showed today. C1 1% 1% — # Mont Ward ... 48% 50 50 + i% the companies’ financial structure, An increase of 300 employees was Boeing Air... 18s 23 1250 : —N was forecast in their annual report| made at the. Chevrolet plant during |Bon Ami B "54 54 54° sees Nash Kely .... 7% Th 7% + % made public today. the year, according to D. M. Klaus- Bond Stores .. in 1h 114 — 3 Nat Acme i ie I Un — 15 3 The Central Indiana Power Co. meyer, plant manager. The plant| Borg Warner .. 361: 38% 3% .... |Nat Cash Reg # 2 56... = stockholders were informed of thelnow employs about 1200 men, he Ba ept Brass .. 12'2 13% 12% ~ % Nat Dairy ..... 14% 14% 14% — 3 = : riggs Mfg ... 23% 23% 23% ....' |Nat Distillers .. 26% 26% 26% 4 0" w proposed move in a letter from L.{said. Bucyrus-E .... 10% 10% 100 — 7» Nat Gypsum ... 13% 13% 13% — Ya| I Eom pee wn msn] Go puns tor the State wore EINE: OF 4% NR 7 GIR BRE Un BE BC a cluded in thé annual report. $15,970,960, the report Be ts Nat P Hi ha Th z — 8 : Anderson accounting for $9,892,542, lah ‘gin 1 1 Nat. Sup enn. - J30% 4 sees a Industrial Use Down : aflahan zines 1... 1 i 2, INYA 8 38 —1 i! - {of the total. The Guide Lamp and|Ca a. Sh in Sia - 5 N, ¥ Central. 11st 8% Arn + ¥ a Although a reduction in con-|Delco Remy divisions are located|& Ean Bac T°" 80 50 F Hot EW 2% agit 7 BE x : sumption of electricity for indus-| there. Jélanese ...... loa 199% 10% — BiNoAmawi.. 1%" fou WT % trial use was encountered, the net| At Muncie, the Chevrolet Trans- Cent Pound. "314° aia gia’? T...'°|No Pacific ..... 10% 10% 10% + % income reported for 1938 in the|mission and Delco Battery divisions gher de Pasco > 40% 40% 40% - % —C il « consolidated report of the company payrolls totaled $2,266,363 and at the pet © 35s 34% 38s — % Qhio Oil wr 22 JB 8% +4 : and its operation subsidiary = was| Kokomo Delco Radio. Division plant, Snes & O pf. p 382% 83% 880s — 8 Gi oEley 3. 5B 2 o% + i 4 $359,173.70, an increase of $61,133.90 the payroll figure was $844,233. Ch & Fr = F4 3g o..t |Otis Steel ..... 10% 10% 10% + over the 1937 net income. - A new all-time salety record Chile Cop... 21, 2, 21,73, =p £ : ; ysler ...... iy Increased business from reésiden-{marked the fifth consecutive year giv I™s '¥ pt 8° 5° 8 +3 [PCE 34% 30% 37% =-% ® .tial, commercial and rural sources,|of safety improvement, according Clark Eq oo 32, 1% 2, 2 paramnt Pic 9% 9% 0% +'% together with reductions in operat-{to the report. The frequency, 8s|Coigate-P-P .. 13% 13% 13% '—. Ya|Para Pic 2 pf.’ 10% 10% 10% .... ogether w. r P | ; Col .& So 5, 7: BY. Barker Rst Prt 16 16 18" ve ing expenses and other charges en-|well as the severity, of lost-time |g8; 250 —o- 27 7 B2 ur |Peanoy mee 83 BB . abled the company to more than|accidents was at its lowest point in ol Gas cv. Jie 1 To... enn he fea 2 3p 3, +1 3 offset the industrial decline, the re- the corporation’s history, it sald. Goh "Soivenis. 10%. 10% 10% — 1s | Pere Marquetie, 4% 14h 14 = % : § port revealed } -- During the year the corporation Comm Edison .. 27% 27% 20% + % eins Da of 3 By 3 Ii : However, at the close of 1938,|accounted for 42.9 per cent of the ci raison: 3177 3177 314 ty, Phil Morris cee 92% 92 93 + it . — s Pet ... — \ there was a deficit of $3,147,017.26| new passenger cars and trucks sold) Cons Fim. 0 08 1005, TI.."*|Press Sti G 0 10% 9% 10% + % in the consolidated surplus gccount|{to consumers within the United Cons Oil ...... 812 8% 8Ya sirrey roc & G ... 614 26% 36la Le b . due to the write-off of property in|States, Bie epost 222, as against Container, a ig I 1 iat -2 Bullman... 3 4 3 i 3 i + 2 i . Cont . ) 8 eo Pure Oi pe ores the process of abandonment and 39 per cent for Cont Bak ofl. gals oii2 eit lin Purity Bak il 147 13% 13% Zu provision for investment rosso I Cont San A - 39 389% 3B In Re The report announced that nego- » CORE MOL, were. 2 30 30° nadie ..... iw 6% a * tiations are under way-for the pur- ii! r Se RD ¥ BN Xi RMN 65% 65 65% Ly chase from the Traction Light & [EET ie os pe CZ gRiile BE E11 Power Co. of the part of its utility rtis Pub ... 5 5 5 i... |Rem-Rand .... 14. 14 4... = 5 By Bw 2070 divans 2 i 1%: property that is adjacent to the Ce Wr A 239% 2830 alk 4 a [Roo Mot ieee : 18% 19% 1% @ . , ° territory served by the Northern In- —D— : Rey Spring ... 14 7 a — % rt ° 20% 20% 1, | Rey B 38% 38% 38% .... diana Power Co. : Deere Ox Bi I BT A Richfiena © : ‘8% 8% BL iu italization Dev & R 297 | 29% 297s — —F— : Plan Recap aliz : 2 Dist Seag ..... ng ty 1% — 78 [Safeway ....... 341 3414 3415 .... x Plans for ulitmate recapitaliza-| “i Douglas Air 67% ¢6% 61% + 1% Sears-Roebiick. Dum mu 7% 3 4, tonof he Cenire} nana Poy Dealers Cautious; Less Dunhill, dh? di dbf vin Snap sd: L1% i 7 13% ne 1 e Te AD Freee Simmons ...... 7 ’ Va = Y, ET of phon : Anxiety Over European [east air Lines.. 15 E 15 3 |Soc-Vac .... i lan Ig L.L0 ast Kodak ...170t 10%, 190% — 1%4|So Cal Ed ..ll 25% 3 js 25% + UW talization plan being undertakef by. Bloc Auto-l..... 33% 33% 33% .... |South Pac ... lee 15a 187s + 2 > , the Public Service Co. of Indiana, News Noted. {Elec Pwr. & Lt. 3% 22 Ap gout By s2evn den Be 2 + * in which the Central Indiana has af a Sperry-Corp .. 41% 42 + I | substantial common stock interest. Fair Motse .... 36 28 26 os Spiegel 2% err iy 1 3 3% + 2 : Residential use of electricity in| CHICAGO, Marth 20 (U. P).— Fed Dep Sti: 81 81, 8% — 7 Std Brands pf. £10035 100% ° 10012 ...., £ . . 7 a — / 7 —— / ; 1938 increased 10.78 per cent, ac-| Wheat prices showed an easier|Firestone T.... 235s 2274 254 — %|3td GEE ot ll 3 s "3h 5 %i'. 4 cording to the report. {undertone in cautious trading on the Gen Cable ..... 3 13% 13% — % Std G&E Tor. 20v, 20v 20% + % Total electric customers increased [Chicago Board of Trade today de-|§Sn Electric ..- 3 30% 3% —1i [Sid Su Ky a6, a1 In | ; 1819 during the year, a gain of 3|spite a firm Liverpool market. Gen GOB A or oe ws Stone & Web. 13% 12 % 13 1 + |i per cent, and customers for gas| At the end of the first hour|Geh YOU'S i. 39 20% 2% I |Shdebaker, 18% 18% 18% .... » a, service increased 3.48 per cent. wheat was off % to 3% cent, corn Sfette $2 10% 19% 0% = (Swift Intl ..... Be oh 5 .... hy" ‘The payroll during 1938 totaled |unchanged to off % cent, and oats|Giidden ..... co 102 19%, 192 = 4% orp 43 42% | I'8 $1,069,511 and at the end of the unchanged. : Grama pais 20% 20% 2 % +x. [Texas Corp... 2% 2 Vag ? year there were 754 employees, ac-| Scattered selling of wheat at the|Gr rant vy - 3s 2 3 5 - * Ie g SH To 3( by 30 3 ly | cording to the report. opening reflected less anxiety over|Gt NerfoPf 343 Hef HI T Thomo er oi. ie MU wk Lo e a Local, State and Federal taxes,|the European situation, but, affer rena Hhas of jot 15h ih 3 2 I 5 2 i. oy 1 4 ja Ii» +t 5 ¥ totaling $524,919.57 or 10.1 per cent|the small decline, traders hesitated 2 —H— Timken R B... 43 “ *, ore i of the entire operating revenue, were |to press the selling side further. Hecker Prod .. 10% 10% 10% sooty Transame jes’ . 61s 89 a f paid during the year, the report| Some improvement in North | Holland Furn.. 3% 2 V2 3 8 ~~ Tri-Cont -- eno} i i ne es 4 said American export business had a|Houd-Her B . 13% 13% 3% — % 198 : . > constructive influence. Moderate Howe Sound .. dst BY Ws cv loin 8. Co. TH MT. k B d sales of Manitobas were reported|{Hupp Motor .. 1% 1% 1% + % Union EF vie L a 1 ress % from the Pacific Coast and a : suvfoe Un 1il Cal...... 18% 18% 18% — % : N. . Y. onas scattered business was done. in U [II Central .... Jat nt #4 I o# um Bir a 4 10% joic ti 3 $ n fm oo “ BOND PRICE. INDEXES. S. wheats at.the Gulf. vinaaaisan INGETSOL Rand 1 10. 10, 1. ceaa.. L0nited COTD «os an vis a = 2 tong 20 2 20 eo | The weather map showed no|fnier BT. off iif i =" |United Pruk na. me i — i Inds. Rails Utils. Bonds|Precipitation in the’ winter wheat|int M Marine r ar all - 14 Un Gas, lmp.. 1 fe 124 12} + ie Saturday ...... 86.7 595 100.6 s823/belt over the week-end, which was {Af Pap. [J 10% 1012 10% — aly 5 Freight oo 08 0 ai TL. Week ago ..... 87.9 63.0 10.9 s43|reflected in a relatively steadier tone ot Pp pt ‘bi 2 ne 3 * a y 2 Pipe & F F. 45 % Hh “> L. e " Month ago .... 86.3 586 1010 82.0|3t{ Kansas City. The forecast was|int T&T ...... % 1% Th | S Rubber ... 45% ain 45% + 1% “1 Year ago ..... 794 556 90.9 W.3|sor fair and warmer in the grain Ke US Rub 1 Tot’ 1103 102, 103 1 4 Two years ago. 92.7 97.2 103.0 97.6 . Ran C Sou .io 10 7% 1% = % U S Steel ..... 57 > 557% : L880 610 100.9 Ber a ; K tt ..... 36Va 35% A 2 he : 1% High ---- 380 s ‘tui ses, Com prices held barely steady, |SInecott ,... : 1 1... vanadium ..... dn Bh AN Ln % @ * 103 migh ....s78 70 9.7 .830|EXport business was lacking and re ath 3p 21h — Riva Ears Eh ils 2 { 1938 Low ..... 7.9 41.9 81.3 %0.3}local receipts heavier at an estimated | 7% rd) - Nenrth a om 2 1937 High ..... 95.0° 101.2" 106.0" 100.7|113 cars. There was some local Lambert ©. icus 15% 15% 18% ~~ Ya|Warner Bros .. 6 2a 8 4 J 1937 Low ..... 80.1 69.3 923 8L1|gelling, Lee Rub ..... .. 30%, 30% 30% — 33(Wes Oil & 8 .. 23% Ry 33% + A 103 High ....0i8 1004 106.2 100.2 a Leh P Cem. .. al ak 31% = Y|West Auto Sup: a, a 1% %ial 1936 Low ..... 90.0 847 103.5 93.3 : e oa. 237 4 w.|west Union an” au” at { (Copyright, 1939, Standard Statistics Co.) CHICAGO GRAIN EO Glass | Fn A 49, iy Wes st Le Ble! ay 109% a — Pl 0. 5. Govewdmwr soos | Openiie prices today on the Chi-|H Co% tit dt It {0 Zl Bhan i HE HE 2 i : Treasury Bonds ie cago Board of Trade, as reported Loft, Inc ....... 8% 8 8% .... Wilsor £8 2 3 - High Low lLast|by Thomson & McKinnon, were: Loné Star Gem’ Ba On ow chai #8 fe 3 % $5.25: ght td Ho: 3 10st Whe May July Sept. Lou & Nash .. 49 49 49 — % Worthington... -—Ye 2 : 3iss 1952.47 ..000ii2012 13013 1203 567%.0. 68 [email protected] $.68%@.69 —M-— > 1% 11% 1% + % 2%s 1951-48 .........107.19 10718 107.19 [corn 61%5@. 6874 @. Mack Tr 2% M% M% — Yellow Tr... 174 114 17h + % 3tas 1550.40 +a, 10.20 11930 I0g0 [email protected]% 49%@.49% 50% Marshall Fd. 12° 13° 13 = 3 Jouns Sheet. - (3302 2 3 Lf l2 : dS ne 102, 10530 1050 Oats Jatin O1 20% 1 Bn BE TI on 6? %s ites 106.11. 1063". 06.11 | goo 8% © ©... stfirs weornsenn | Halli 13% 13° TO. [zenith Red ... 10% 17% 17% + % : 334s 1965-60 .........1044 104.1 104.4 42 edhe cesseessess|MeIntyre Porc.. 55% 543; 55% 4 YalZonite .. . We Home Owners Loan Bonds ; WAGON WHEAT ; : 2%s 1949-39 ... ....102.1 102.1 102.1 | , Sity grain elevators are paving for No. ’ £SS BRIE FS *o ? FOREIGN BONDS other grades on their merits. ¥ Argent 4%s 48 ......... 91% 91% 91% Cash corn, new No. 2 yellow, 42c. Oats, 71 ad - 4 A) 5 ti LIVER GOL WHE Indianapolis was listed as one of| Railroads announced Wday. There Belgium, 6s 57 : 270 EAT prev.|17 trading areas nearest to normal were Ini Jew steam ipcomnuLives 17 , g : ’ . 7 Canada. Ss g- ih 2 Mareh, old. $0.82 08 ite $0.617% $0.81 in February, according to a month- electrical and Diesel locomotives £ Li Ts ii May. ol r.. 03% a 58% * 80% 1y survey .of 147 centers compiled by| on order March 1 this year totaled German 18 se J2y. Dew ... 00% 80% 805% -8014| Brooke, Smith & French, Inc. Forty-| 38 compared with 59 on Feb. 1 8 ge an 51:8 5 ..... — one other trading areas improved this year and 26 on March 1, 1938. » i) © Auburn Au 4%s 39 DAILY PRICE IN DEX | their business standing from 1 to 5 #88 : Cont 736 bes 4 NEW YORK, March 20 (U. P.) Der cent during the month, while 10] The Bureau of Agricultural Ecoiy Int T & T 4%s 52 6 Dun & Bradstreet’s daily weighted |Others remained at their January nomics predicted moderate improvefH EE 2013 3 /, {price index of 30 basic commodities, |1€vels. The survey revealed national ment in the domestic demand for @ Rem Rd 44s 56 . ..10 2 103%2| compiled for United Press (1930-3p|business now operating at 21 per| farm products this spring and sumNf TEshTeNe. average equals 100): cent below normal, a drop of 1 per mer, and a slight change for the Saturday ......... 1044 cent under January. belles Th Sitiouk, Ton Soreien 3 5 esesssescssnses mand. i1'arm = : Curb Stoc ks Week ago rarsassseratenssvey 104,58 3". | mestic markets declined about 4 per Rk ” . ao 3g0 Sssseenervsivoseet 10% 42! The Federal Surplus Commodi- |cent during last winter, but recenti High Low Last Chorge|1939 Hi go (Marl roreressenes 133) of Gorn. has been authorized to |ly have been holding relatively Aero Sup B .... 4 4% in 0. igh (March 6) ........ 106.47 steady, the Bureau said. |} } Alum Co Am ..108 , 198. 108 = 1939 Low (Feb. 9) ........... 104.63] make additional purchases, not to ’ = Am ANT a Br Br TA... —_—— exceed 315,000 barrels of whole- : Ff] Y oanCenB...2% 23% 21, = 5] FOOD PRICES wheat graham flour and up fo 0 AD EFA LT aE Bell 'Air ..... 8. 29% 25% I+ '% M00, Mero 20 (U.P. —Apples— 180,000 barrels ‘of whole-wheat it | Bellanca Air ar 2 3 T 3%|Sweet Potatoes—Tennessen bu. od moses; breakfast cereal for relief distribu ; in 1 Srewster ‘Aero . 9% 9%a 9% 4 y$lalos. Sates = Liinofs. “bi Ds i0ttee. tion, according to an announce- ON BOND INTEREST on Som NERD; a 2 3 — da RR ee tly a0@T5c, Tomatoes —| ‘ment of the U. S. Department of | Bent St E1 7 pf. 10 10 10 -.'y |fornia, crates, $1.60¢i1.85. Feas—California, Agriculture. : : tJ Eities Serv ..... Ya Va We iiss hampers, 32 aoas. 60. Celery — Flori 45 45 aa crates, [email protected]. Onion Market Ps da. 2 2 = . ; 68 6 x sacks) Ilinots Yellows, 60@175¢; Iowa Yel- $s NEW YORK, March 20 (U. P.).— 19: 19% 4 1; |lows, SLO; Michigan Yellows, $1.15; Min-| The National Association of h tral Railroad of New J 21 2 4 nesota Yeli lions. Sse; Idaho Sweet Spanish, H Mani r reported The Centra allroad oO. ew Jersey . 9% 10% + | PLA0GLAS: Utah Sweet Spanish $1.40G psiery Manv Scturers rep today notified its bondholders that / 88 8 en 145: Oregon Yellow Danvers, $1.1 10.210,525 dozen pairs of noseny ot quarterly interest due on April 1 } — nS VOTE S15. b 1 g : 37 373 3 all types were shipped by . Jn 8% x: LOCAL ISSUES mills into trade channels during OF hg TUpieie] Bsneial morgage § 4 33. 3if T..”*|, The following guotations by the Indian.|January. This constituted the larg-| 0° ¢ * Br We 1% sent actual bi bids or offers. hat sere: S51 SHOUTS OF OSlelY Shipped vi) At the same time, E. W. Scheer, i * “are a e e Fi - : 2 gh Zin pase on buying and selling ao ations 5) - wy a ing any oa both full-|President, announced that discus- [ Xe oy Th TapsacH “Stock Bid Ask|fashioned and seamless branches. |Sions are in progress. between the Aa 32 iy 32 Va + H Auto Invest yi: Lt company and a group of holders|E > 8 13° 184, i %| a 8 un a of the general mortgage bonds a 8 Mid A poll of members of the Mort- |looking toward a voluntary revision Un 2% 2% WY + % gage Bankers Association of |of fixed charges. % ; America announced today predicts | “In.each of the years from 1632 E £1 LOCAL P RODUCE real estate sales for the femairider to 1938, both inclusive, the company } 2 of the year at a higher level than |has failed by a very lange margin to Heavy breed hens, 15c!.. heav breed : : {- broilers, 4% lbs. an dover, 13c; os jndes 2 3 03 in 1938 and at prices on about the |earn its fixed charges,” he ‘stated. it 42 2, Ty a? hor ele. y215, Dar Fred ot a4 same level as last year. The poll The deficit after fixed charges in 1 3 ever. y Le; (Colored springers, RY Lbs. and ] »| also revealed that | busifiess uring the years 1938 amounted to $4,264,N u ,, Leghorn bronlers, 1}: ibs. and|y fnd Pub £ 7 ¢ /2| 1938 in real esta ad been be- 1825 and the total deficit for the ¥ Soc old rovsiars Bo. o>: 2 Ibs. ANd Over. (Progress Lagnary Go com’: 33° 21| low the 1937 level for many cen- above period has aggregated $17,E No. 1 strictly fresh country run eggs, [Lup Serv Co of Ind 6% pfd.. 30 32% 3 j 13c: each full case must weigh. 54 Ibs. |EUP Serv. Co of Ind Tc, pid. 34 BT rs. © 351,081. ‘ol Sond net deduction of 15 cents fof |Ghion TE C32, Da eo Si Sti » 2 = | Mr. Scheer attributed the con- } oh full case under 5% ibe whi be mage. |T T Haute Elec Co pid Sete 135 tinued unfavorable earnings reports 23%hc. Buttertat- -No i lie; Ne 2, Je | Ven Camp Milk "Co op el | A plan hookles of five-room houses| 4," te “grastic decline in rail } Pric t + [van Camb Milk Coeom ll FG built by the Farm Security Admin- ein Tal way (Prices Quoted by' Wadley Co.). 2 bulls by the ¥ y operating revenues which reflects i | amor toma sets. .'95. 109 |istration for about $1100 has been|g "operat business depression and o : ar: 3 Sitfzens “ind i + as” je 5 Io made prailable So Se Dubie by ne the tax burden of the company. Pw» SEE FINAL EDITION Crabbe Reynolds-Tavior 5s 42 92 100 |Department oO griculture. e Home T&T tw 3% 8 108 105 | pooklet, entitled “Small Houses,” in- The indenture of the general In Asso Tel 6% 65 ...... i....108% 107% | cludes h lans for the $1100/Mmortgage bonds provide a 90-day : OF THE TIMES nd Tel Co 5% 60 oe | Cluces ous DRI O&A eriod of grace in interest payJ = = ninls Rlwavs Inc 5% 67 . 56% 591, houses built by the FSA Southeast p t St pay a Y FOR . Dior Tel ter a0 o.::108 107° Missouri project and also for typical ments. : ; Kokomo Water Wi S 57% 88 5 103% 104% |homes constructed in eight other pl - " 1 sner n 7 . } . X : OTHER LATE NEWS Morris 5&10 Stores 57, 50 ... 891% 103% | ISA projects. Most of the houses ‘ ; g "4 +» Mvncie Water Wks 67 % 65 ...:102 ©. |descrived are farm houses but a \ p i AND % Noblesville HL&P. 8% % an... 100% 103% few are urban or suburban homes. X ET A Q Vid a 5 + || Public. Tel'Co 4%% 85 . .... 97 100 : fo. ; Richmond Water Wks 5 3 103% 105 8 #8 = : pe oN : ter Wks 59, 100° 10 pW CLOSING STOCK : T Haute Water Wks 5% 100% 103 Class I railroads on March 1 had : 1 * QUOTATIONS Teach Term Coro. wi ‘6s | 63 mew steam locomotives on or- | JEL ; : { : py Mar ariel BL Ih AY 25.00 23.38 - der as compared with 25 on Feb. ’ ! | — DIRE EK ©'E oa) el 1, the , Asvciatin of American

sara hE Giga

2

i, 11952 broke 18 points to a new all

i ed irregular but rallied strongly to

7|than a point among the rail and

2 points while other issues held frac-

‘Mining shares improved. Oils were

® $754,487 in 1937.

% | table basis of mail pay is necessary

Ze

ALALIOS

Losses and Gains Range to 2 Points in Irregular List.

NEW YORK, March 20 (U. P.) =} Weakness in A. T. & T. capital stock and strength in ‘aviation issues featured the stock market in afternoon trading today. A. T. & T. lost 2 points to 155. Douglas Aircraft sold at 685, up 2: United Aircraft 38%, up 13%; Glenn Martin 35%, up 1%; Sperry 42%, up 1%, and Consolidated Aircraft 23%, up 3%. Steels held gains ranging to more than a point in Bethlehem. Coppers were fractionally higher. Chrysler rose 1% to 75%. Du Pont was up more than a point. Losses of a point or more were made by American Can, Loew’s and |G Homestake Mining.

Foreign Bonds Weaker

Weakness in foreign obligations featured active trading on the listed bond market.

in early dealings. Prague 7%s of

time low at 30, while German, Jugoslay, Italian and Belgian funds registered declines extending to nearly 2 points. Greek Government 7s of 1964 advanced 62 points against the trend to 33. Japanese and Latin America, liens eased.

Domestic corporation loans startshow net gains extending to more

utility leaders. U. S. Government loans registered net gains of 1-32 to 11-32 point in the early trade. Curb Gains Scaled

Curb stocks were higher in forenoon trading but profit taking scaled initial gains.

Lockheed Aircraft gained 17%

tional advances. Niles Bement Pond was unchanged after an early gain of 11% points Industrials were steady.

firm. Utilities Utilities generally were s were steady.

UNITED AIR LINES HAS LOSS IN 1338

CHICAGO, March 18 (U. P.).— United Air Lines Transport Corp. suffered an operations loss of $997,221 in 1938, notwithstanding increased revenues from passengers and cargo, W. A. Patterson, president, told stockholders in his annual report today.

The loss, which was after accounting for depreciation expenses of $1,256,025, was equivalent to 661% |$ cents per share on the outstanding stock and contrasted with a loss of |$

Mr. Patterson said that an equito provide adequate revenues for

company was flying mail at considerably lower rates than competing systems, Compared with 1037, passengei’

express revenue decreased 7.36 per cent. However, during the year, to-|7 tal operating expenses and taxes increased $673,515, an inorease of 654 per cent over 1937 expenses. During the year United flew 15,508,952 revenue airplane miles, and revenue passenger miles flown increased from 97,607,954 in 1937 to 108,873,302 in 1938. The air mail {otal of 4,833,498,228 pound miles was an increase of 5.3 per cent; air express pound miles of 1,509,360,023 was a decrease of 21; per cent from 19317.

AMEND SHORT SALES RULE NEW YORK, March 18 (U. P.).—The Board of Governors of the New York Stock Exchange announced today that it has amended its ruling on odd-lot short sales to conform with the revised regulations of the Securities & Exchange Commission affecting short sales in round lots. Both the exchange ruling and the SEC amended regulation will become effective March 20.

Chicago Stocks

High Last Armour & CO «ievavenes 43) 0 43 Bendiv Aviat ......... 25 245 24% Brach & Sons ...... es 20 0 20 cent & SW Ut ....... 1% 1% 11, Chicago Yellow Oab .. 8% 85s 85 Conwith Edison ....... 27% 27% 273 Elec Household .. ..... 3% 3s 3 Great Lakes Dredge oo 241 24V5 24Y, Heileman Brew ¢....... 8% 812 8%, 1 Lent vissaveees 1078 35 33% Jarv Lisssenene Marshall Field 12%, 125% McCord Rad 6Y4 6Ya Mid West Corp . . TVs 738 Noblitt-Sparks .. y 241, 2415 Swi 0 vi 2% 15% 3 Thompson cevesses 3 3 8 Zenith Radio ¢siieeen 17% 171% 17

U. S. STATEMENT

WASHINGTON, March 20 (U. P.).—Government expenses and receipts for the current fiscal year through March 17, compared with a year # 3%;

is : ast Yea .88.646.481, 971.15 s. a 799,094.92

Expenses Toocipte .. 4.139, a £50. 13 426,730,951 Gross Def . 23 325,0 br 7+ 069,042.42 Net Def ... 2,292,8 91 361. 36 791, 1322, 592.42 Cash Bali. 3.383.86 4. 177.34 3,109, 845, 774.88 Work Bal.. = 729,714,509.66 _1,356,431.940.50 Pub, Debt 30,948.995,124.40 37.667.931.644.67

Gold Res. 180 007,517.132.83 13,779,206.459.68

Customs 226.646,550.73 '278,958,974.11

INDIANAPOLIS CLEARING HOUSE

Neer ie a

Clearings 6.988.000

Debits ..ivs. cinrisrinisasn. .

FOREIGN EXCHANGE

NEW YORK. March 20 (U, P.).—Following | are noon cable rates on major curren-

sles Cable Rates Not Change 3.16 —.00 1-16

England ( qund) ..+.$4,68 g (80 db. ra te)..

Spain franco peseta). . [113%

European issues were hardest hit |Choice—

the system and contended that his|}

revenue increased 6.03 per cent, mail | ¢ revenue increased 7.17 per cent and

Vealers Hold to Gains Of Saturday

Hog and vealer prices at Indianapolis were steady today with levels of ‘Saturday, according to the Bureau of Agricultural Economics. Top prices of $7.85 was paid on 200 to 210-pound hogs in a generally steady market, while vealers sold at a top price of $11.50. Small supplies of fat lambs sold fully steady to 10 cents higher than the close last Week: Extreme top went to $9.50.

ts. March: To Math sone M011. Tes 715 ot 3 i a 16 iB ee i Packing Sows SRatsous and Gli Jas: 350. § 6.15. 7.00

.85- 6.80 .40- 6.65

'6.16- 6.65

aos

7.85 ate

7.707.50 .-1.256. 85- 7.25 Medium. CATTLE (Receipts, 1399)

Bulls 50 900 11. 99-13% 50 all, Sra hts— 900-1100 ie 3.00 5 $ 7.00- 5.0 L100 1300. 11. 3003, 00 Medium. ts .50- 7

000 iad 200 a: IN 1100-1300. 9.75-11.50] Chotee 24 0-11.80

3.75 9.75] Cot ang “0.00-l1 1100-1900 8.75- 5. 18] “common 5.00- 8.50

Common Pla alves 150- 900. an 20 8.50] (Receipts, 569) Heifers om $ 3 %- 3 20 750- 900 $10.25-11.00| Medium.. TR a a0. 9.00-10.25| Tom Os Med i Sloper Cattle 380-00 900. 8.50- 9.25] Stee 50= 900. - 8.50] 500- B00 $ 8.25- 9.25 5 9 > 7.00 er 8855-22 ows e » 00-1050. 7.30- 8.25 ..$ 7.00- 33 ol 10. 7.00- 7.75 6.50- 7.0 Heifers 5.75= 6. 30/Good aid Choice—

3 50- 8.25 & cutter 4.25- 5.75] Te an medium. 8. 00- 7.50 SHEEP AND LAMBS. (Receipts, 553) © Lambs

Good . Medium.

Good and: choice Good and medium eeisaees Common Ph

CHICAGO LIVESTOCK

ICAGO, March 20 (U. P.).—Hogs—Recorp 11,000; early trade generally steady fo 10c lower: closed active with most of loss regained: top, $7.75; ghoiee 170-230 1bs., largely $7. ers, $6. [email protected]: sows, $6.25@ 6.60 Cattle—Recei choice and

d 400-550-1b, Dashing ignter weights, $6. ,000; calves, Joe a about steady; all others 25¢ lower. with trading slow and many bids 25@50c down; largely steer run; killing quality medium ‘to good; yearlings more pumerpns: largely $9@ 11. 50 market; early top we ighty steers, $12.85, but some held above $13; all interests in trade: replacement cattle weak to 25¢ lower at $8. 50 @9.50; light vearlings selling up to $10; heifer’ and mixed Jearlings Sis Sieasy to 25c lower; numerous loads, 10.25; cows weak to 15c¢ lower; :ully Te under last week’s high time; bulls weak to 10c lower at $7.25 down: vealers scarce and steady at $11 down; more cattle here than any Monday since last Novembe: er. Sheep—Receipts, 17,000: fat lambs slow, practically no ar sales’ indications 15@ 25¢ lower compared ith Frid da, Sey bids off more; choice lambs eld $0 and upward; initial bids head 925 vo. i sheep, scarce; indications steady on few

OTHER LIVESTOCK

CINCINNATI, March 20 (U. feneraily receipts, 45 4500; total, I 100. Marker op y fs. 7.40; 100-140 “ib. Es onto

pts,

3 @ good packing Sows, 1a 38,1500 5.90; bu Cattle—Salable TL, 1900; & total, 1100.

Calves—Salable receipts, 0; total, 45 Market generally uneven, Heifers oa light earlings steady to 25c¢ lower: around three pads De -1200 1b. steers bou he to arrive @12; fo¥, heifers to 3). nd $9.85;

plain’ to good beef cows, $6. 5G, 25; cutor rades largely $5-6: practical : of pragtical top Vealors: $11 top ‘bulls,

alable receipts, 350, total, 350 Marke opening generally steady, t later outlet limited and bids Tinevenly’ ter

on fresh ' eli around - Youhis deck good a hed 1b. os

shorn lamb. good few Noi

$6.80; 628° ‘stags, ‘$5. 25; calves,

S, YETTE, March 20 Markel Salve 1 lower. 200-230 ibs ganar 160.208, Ibs. [email protected]. 11; lambs, $8.50G9. Calves, oF

NEW FINANCING FOR WEEK TO BE HIGHER

NEW YORK, March 20 (U. P.).— New financing scheduled for this week by 40 municipalities aggregates $5,419,187, compared with $4,719,330 this week, the Daily Bond Buyer said today. The weekly average for the year to date is now $17,229,201.

All offerings scheduled to be released during the coming week are below the million-dollar level, with the largest issue comprising $700,000 in notes of Berks County, Pennsylvania.. The single issue offered the investing public Saturday‘ comprised 63,800 shares of common stock of Marsh Wall Products, Inc., priced at $3.75 per share, placed by a banking group headed by Crutten-

250@

Alden & Co. of Chicago.

‘Proceeds on the sale of 8281 shares, $31,063.75, will accrue to the company for working capital and other purposes. The remaining shares were sold for the account of stockholders.

STATE BITUMINOUS PRODUCTION LOWER

Indiana bituminous coal fields produced 1,106,000 tons during the week ended March 4 as compared with 1,182,000 tons the previous week and 757,000 tons the corre-

.80| sponding week of 1938, the Na-

tional Bituminous Coal Commission reported today. Production for the nation during the March 4 week was 442,000 tons as compared with 8,570,000: the previous week and 6,405,000 the

corresponding week of last year.

NAMED INSURANCE HEAD

NEW YORK, March 18 (U. P.).— John O. Platt, former senior vice president, has been elected presi-

16 —.00 Eng. 4.67 7-16 —.00 1-18/ dent of the Insurance Co. of North Canada dolar) 9264% 000074" | America, to succeed Benjamin Rush, Lal) (ied) ws iive on + * | president since 1916. ‘ Germany (mark) A013 — 0000, Mr. Platt has been a member of man r . \ Switzerland (franc): zat adi the organization since 1891, ollan ay ; d ona) ... 2411 “0001 Helen (krone) oa .23537%2 - 0000142 S ECURE Denmark (k .209 +.0000%

MITRE

IYPEWRITERS

All Makes Rented and Repaired Quality at a Price WOODSTOCK TYPEWRITER CO.

§ 80 8, Pennsylvania St.

-PRIVATE NECESSARY

Lut Dyposit Boy

American National

PENNSYLVANIA &

LI-4712

a 21 AE SA RR

feature Vincent Young's “Through

: J TONIGHT 7:00—Al Pierce, WIRE, 7:30~Margaret Speaks, WIRE. 8:00—~Radio Theater, WFBM. 9:00—Guy Lombardo, WFBM. 9:30—Eddie Cantor, WFBM.

Clark Gable, Claudette Colbert, Walter Connolly and Roscoe Karns will recreate their roles in “It Happened One Night” in a radio version of the film on Radio Theater, 8 o'clock tonight, CBS-WFBM. The movie version was an Academy Award winner. It is the story of ‘a runaway heiress and a newspaperman who team: up for hitchhiking purposes. The heiress’s father offers a reward for information about his daugh600 ter’s whereabouts. The newspaperman - succumbs: to her charms but a misunderstanding arises and the heiress sends for her father. In time, the heiress realizes she loves the newspaperman and jilts a bridegroom at the altar. : ” 2 o

Margaret Speaks, soprano, will the Years” at 7:30 o’clock tonight, NBC-WIRE. Her other solos' will be: “While Hearts: Are Sinking,” Grace” from Alfano’s tion.” Alfred Wallenstine will conduct the orchestra in Rimsky-Korsakow’s “Spanish Caprice,” Grainger’s “Irish Tune From County Derry” and Strauss’ “Blue Danube.” Clyde Beatty, well known animal trainer, will be guest star at 9:30 o'clock tonight, CBS-WFBM, on Eddie Cantor’s program where he will exchange quips with the Mad Russian and Mr. Guffey. » % ”

Another familiar figure in ani-

“Resurrec-

Alive) Buck, explorer, will vie for honors on the “Fur, Fins or Feathe ers” quiz conducted by the Nas tional Wildlife League, 3 p. m. to day, CBS. : Other contestants will be Eltinge Warner, publisher of Field and Stream magazine; Lynn Bogue Hunt, wild life artist, and Billy

®2 8 = 2 The Columbia Workshop's = play

Charles R. Jackson.

to bewail their failures in real literary achievement. The hero loses himself in bitter memories when an -

back to earth—and more “success=. . ful” writing. 8

8 8

cidental music to a modern Shakese. pearean production, will give his’ views on how Mendelssohn and : Tschaikowsky musically interpreted

tor on the CBS American School of

Scherzo from Mendelssohn’s Midsummer Night's Dream” and Tschaikowsky’s “Prelude to Hamlet.” Two incidental numbers will be offered, “Anitra’s Dance” and "Valse Triste, ” by Sibelius.

» 2 "

Students of School 82 will partie Views of Current News” at 11 a. m,

pupils from Grades 5 and-6 will present “Music of Foreign Lands”

mal circles, Frank (Bring ’Em Back

doliera” and “Santa Lucia.”

» 2 THIS EVENING Indianapolis Times is not responsible for fnaccuracies in program ame nouncements caused by station changes after press ths = INDIANAPOLIS INDIANAPOLIS CINCINN TI - WFBM 1230 WIRE 1400 WLS WE WERE 870 WLW (CBS Net.) (NBC-MBS) (NBC Net.) (NBC- ' MBO) 4:00 Tos Tonge Women’s Fed, Rakov's Or. Hannah 4:18 Interviews Serenade erry 4:30 Home Edition Landt Trio Jack Armstrong 4:45 " 18 Varieties Lillian Cornell News 5:00 PA Speaker Lone Ranger Don Winslow Don Winslow 65:15 Howie Wing ”» ” Malcolm Clare Patricia Gilmore 5:30 Surgeans Dick Tra Ray Perkins Nixon Denton 0:45 Sophie Lucker Maritime © Musio Sports Lowell Thomas 6:00 News Murry’s or. Divorce Or hans Amos 'n’ An oR ms & paar Human Sie oy » wre Davie ar ay . 0! emper’s rts ron age 6:45 Hers Somes gride Newspaper of Alr News Inside Sports in Cavalcade Al Pearce Buckaroos Al Jierce 3:30 Model Minstrels Margaret Speaks Those We Love Margaret Speaks 3:00 Radio Theater Hour of Charm Your Health | Svitalny’s or. . ”» » », 3p a » Duchin 3 On Concert : Ken-Rag 3:00 Lombardo’s Or, Contented Hour em Trup or, False

s Or.

oh bh rd Bd} Bt ph fh eh ashe ew» 85

KEY NETWORK STATIONS (Subject to change): NBO-BLUE—WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350. NBC-RED-—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—WABC, 860; WJR, 750; WHAS, 820; KMOX, 1000; WBBM, 770. MUTUAL~—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850, -

CROSSWORD PUZZLE

11 Liliaceous

and ' will include “Naples,” “Gone

Lares, Madison Square Boys’ Club, “

scheduled for 9:30 o'clock tonight..© CBS, is “A Letter From Home,” by The play is< a satire on the tendency among: movie writers earning huge salaries °

old sweetheart writes to him, but.-* his wife’s common sense brings him 2

Aaron Copland, whose recent achievements include writing ‘of ine---

Shakespeare’s plays, as commenta=. - the Air, 1:30 p. m. tomorrow, CBSo| Wilson's “Carmena” and “Dieu de|w SR

Selections to be analyzed are the . “A.

cipate in a program on “Student

tomorrow over WIBC. At 2 p. m.

30 Eddie Cantor Information Forum Newman's or, 45 [1 » ”» » ”» Spotli ght : :00 New Amos ‘n’ Andy’ Rijward Kirby Peter Grant re 115 8S. Ka ye’s Or. ew! Mills’ Or. 30 Calloway, s Or. Morgan's Or. Henderson’ s Or.

* Or. Schnickletrits or Hei ——

:00 Lucas’ Or, Rogers’ Or. Music “Hid or. :15 Strikes & Spares i no» M > Ri = H. King's Or. Crosby s, Or. Hawkin's OF. oon Bives . TUESDAY PROGRAMS : INDIANAPOLIS INDIANAPOLIS INDIANAPOLIS CINCINNATI WFBM 1230 , WIRE 1400 WIBC 1050 (CBS Net.) (NBC-MBC) (NBC-MBC) 6:30 Early Birds Devotions Devotions Don and Helen 6:45 od - Markets Revelers Renfro Valley . ”» § 10 hoa Tunes & Tips Breakfast Jam Time 2 Shine 9:30 » " "hn ” ” Caravan 9:45 "” » ” ”» » » ”» » “8:00 Richard Maxwell News Coffee Cups Faul Allison 8:15 Serena Dessa Byrd Prese Myr azxe 8:30 Avon Strings Babe Gonetin Fashion Footiiits Hiliton Hou 8:45 Surgeons Devotiona Gospel Singer 9:00 Kitty Relly * Central City ut of Past Living Guide 9:15 Farrell's Kitchen Other Wife harm House So I Happened - 9:30 Plain Bill Charlie Cook tid. 9:45! Stepmother Women in White Tropic Moods The. I ohineras 10:00 Mary Taylor David Harum Kay Bartlett Linda’s Love 10:15 Slatterzoay Lorenzo Jones Vie & Sade 10:30 Bis Sister idow Brown State Police News 10:45 Life Stories “Editor's Daughter Grofe’s Or. Road of Life $11: Tower Town Singin’ Sam Student Views Editor's Daughter 11:15 Nancy James Linda's Love Noon Rhythm The O’Neills 11:30 Farm Circle Dr. Malone School for Brides News 11:45 ” 3 Farm Hour Boy Greets Gir) Farm Hour 12:00 Farm Bureau: nn." Back Home a. 12:15 New “rank Dudgeon Farm News 12:30. Bohemians TRE. no oorier Sleepy Hollow Invitation : 12:45 Holiday +Step Ahead won Happy Gilmans 1:00 Lenten Service Betty & Bob ‘Matinee Betty & Bob : 1:15 Dr Susan Orhan Daugbier 2” ” ‘Grimm's Dauebter 1:30 Schoo! of Air Valiant Lad 3 ” Valian 1:45 poo Church Hans » ” Chutes Po 2:00 Dentist Says Sweetheart Songs Piano Moods Mary _ Marlin 2:15 School Music Progress Parade Rhythmakers Ma Perkins 2:30 Story of , Song Concert Hour Pepper Youna 2:45 Between Bookends " ” Guilding Ligh 3:00 Health Highways Backst Wife Shut-in Fi ends Mad Hatterfieldg 3:15 Minstrels ©" Steils Dallas tiie Kins Father Hubbard 3:30 ” ” Vie & sade Home Folk Beautiful ite 3:45 ' Women’s Fed. Girl Alone Master Singers Kitty Keene 4:00 Before Senate 1. U. Program Indiana Laws . Hannah 4:15 Te, Tunes urgeons zazoozologyv Terry 4:30 ” Home Edition old Reefrains Jack Armstrong 4:45 » Varieties Honolulu News

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