Indianapolis Times, Indianapolis, Marion County, 31 March 1939 — Page 33

FRIDAY, MARCH 81,1

CHAMBERLAIN'S TALK BRINGS DIP INSTOCK PRICES

Early Rally Fails After Demand Falls Off; A.T.&T. Slumps.

NEW YORK, March 31 —Stocks turned irregular today when an initial rally of fractions to more than a point failed to bring out follow-through demand. Trading quieted on the setback. Demand appeared to dry up following publication of Prime Minister Chamberlain's speech pledging Britain's aid to Poland. U. S. Steel hit 533 early and then backed down to around 53 where it was up °i point. Bethlehem lost| half of an initial 1 point gain. Chryler lost virtually all of an opening gain of a point and General Motors steadied on a minor fractional advance. AT & T. slumped from 157% to 1553, off 13, and Allis Ckalmers, Fairbanks Morse, Lima Locomotive and Johns-Manville hit new 1939 lows with losses of a point and more. Glenn Martin, Safeway Stores and Westinghouse Electric maintained gains of a point and more.

Curb Stocks Decline

UU. Po;

939

NYS

High Am loco .......20% Am M & FP .... 12% Am Smelt ..... 41's Am Type FP .... 54 Am Water W . 10% Am Woolen pf . 323% Ab Zinc §3 Anaconda Armour Ill .... Armour I pr pf Artloom Asso Dry Gds . Atchison 3 {Atl C Line ..... { At] Refining ...

{Atlas Corp ..... | Aviation Corp .

1 { | {

Net Last 203g 125% 41's S'la 10% 32%, 53g 26's

4! 0% 3

| x1 is 1a

Tia 313% 19% 2058 34 Ss

Bald Loco ct .. Balt & Ohio.... Barber Asph .. 3en Ind Loan.. 3ath Steel .... law-Knox .... 12 3oeing Air ... org-Warner .. 25 3dgept Brass ..

NL AIS pe i ht DIP IO 1S me 1 ie 3 BD En 1 56 NANG SHA waa

Butte Cop & Z

Calumet & H.. Can Pacific .. Case J I pf. ... Caterpilair T .. 42! Celanese 18! Certain-teed Certain-td 6 Ches & Ohio .. Ch M StP&P Chrysler .... Cluett Peab .... 2 Colgate-P-P .... 14 Colgate pf Colum Gas ... Col Carbon .... Com Sol Com Com Cons Cons

28 105 33 55% 55% 23% 3%

26 Crane C cv pf.105 Crucible St .... 33 Curtiss-Wr .... Curtiss-Wr A ..

Curb stocks declined moderately after early hesitancy. Lake Shore mining featured with | a loss of more than 2 points to a new 1939 low at 34%. Aluminium limited steadied on an initial gain of more than a

| Deere & Co

ly | . 1912 Dev & RA ... 2% Diam T Mot ... 6'2 Douglas Air . 83% Du Pont 147

East Air Li Eaton Mfg Elec Auto L ... |

nes. .

point but American cyanamid B lost almost all of an early one | point gain. Elsewhere losses were! fractional Bonds Also Lower Bonds turned lower in early trad-| ing after a quiet and irregular openmg. Domestic corporate issues attracted most selling. Prices in this group held about steady at the opening but reached with stocks, following Prime Minister Chamber- | lain’s statement on the Polish situ-| ation. Losses ranged to more than] a point on the reaction with rails and utilities leading the decline,

PRICE TREND IS WEAK FOR HOGS

| |

| i

Top Holds to Year's Low of $7.30; Vealers Hold Steady Here.

The hog price trend was weak to lower at Indianapolis today as orders were kept to a minimum in| the face of approaching Holy Week with its attendent curtailment on consumption of pork, according to the Bureau of Agricultural Econo-| mics I'op price on hogs held at $7 low for the year. Vealers held steady, the top price at $1050. Supplies of sheep and lambs continued insufficient to test! values,

(Reprinted From Yesterdav's Fate Edition) March Repts. March Jop Repts

15649 28 $ Lu 1650 6321) 29 30 HOY | 1000 30 1.34 5I8% | 9354

lop 80 TU 60 30

nd Gilts |

Barrows a Good and

Packing Sows 275- 350 S$ 6.40- 6.6) 350- 450. 6.25- 6.50 6.00- 6.40 5 5.75- 6.35] 30] Slaughter Pigs 7.25/Good and Choice— |! - 7 10| 100- 140 § 6.40- 7 6.90] Medium. 6.00- 6.

CATTLE (Receipts, 3%)

FTF 212321

750- 900 § $00-1100 1160-1300

..$10 508 00-10.50 . 8.00- 9.00 | | 5.00- 8.00 ves

(Receipts, 598)

1100-1: . 1300-1300. Afedium— 750-1100. 1100-1300 Common Pl 750- 900.

Heifers Cholce— 9.75-10.

750- 900. Good— 750- 900. 8.25- 9. Medium — 750-1100. 825-9 7.00- 82

¢ 50] 5 common. , 50; Cal

cmos weve

am 2)

23 |

«3

Choice— 250- 400 $ 8.00- 9.00 ) Good .. 7.00- 3.00 "5 Medium 5.00- 7.00 ; Common "5 Feeder and dy Stocker Cattle ok teers => Good — = 900- 800..8 8.25- 9.25 9: 900-1300 8.25- 9.25

Common— 550- 200.

{| Elec Pwr&L

| Gt North pf ... t V

Johns-Man

Elec Boat a 838 . 303s « 9

vr&Lt .. El Pw&L $7 pt Eng Pub S ... Erie 1 pf Evans Prod .

Fed Mot ‘ Firestone T .

Change | rh

«| Month Ago

8 St

TOCKS

By United Press -

;DOW-JONES STOCK AVERAGES $0 INDUSTRIALS Yesterday ...... Ciesiicicsei 138.6 Week ARG ..c...ccoivunnees .. 141.82 Month Ago ........covnncee .. 148.78 Year ARO ...........o0reinns 108.02 High, 193%, 154.83; low, 1356.42, High, 1938, 138.41; low, 98.95. 20 RAILROADS

-—3.08 21.49 2.1.80 + 4.07

Yesterday Week Ago ........ Oy

% Month Age ........ ficiiee ul

Year Ago . High, 1939, 314.33; low, 27.93. High, 1938, 33.98; low, 19.00. 15 UTILITIES -0.79 40.49 40.29 + 0.72

Yesterday

Year Ago High, 1939, 26.52; low, 22.30. High, 1938, 25.19; low, 15.14.

Net High Low Last Change

-_ Yi 1s 3p v,

Nash Kelv

+ = + 3

No Pacific

2 Ohio Oil

Oliver Farm Eg. Omnibus 1

Ya | Otis Steel 8

Pac Am Fish .

Patino Mines .. enn RR

Pere Mat pr pf. Phil Rap Pr pf. Phillips Pet ..

WD ISLo r= wo tn a aca gh Lawes NT

tae

'*1, | Radio-K Or ... i. | Republic StI ... Z{Reyn Tob B a Richfield Oil

Jos Lead Schulte R .e Seabd Oi} ..... Sears Roebuck. . Servel Inc Shell Un Oil .. Sloss-Sheffield .

- OD -3 “ NE Ea

Po pop G3

Flintkote ...... Freept Sulphur.

RIS

Cable Electric Motors

Gen Gen Gen Gen Gen T& nes Gillette S R Gillette S ¥ Gobel, Adolf Goodrich .. Goodyear .. Granby

West Sug .. 26 28 Greyhound Cp.. 18'4 18% Greyhnd 5% pf 117% 117%

Hecker Prod Houd Her B ... 1: Hud Bay M&S.. Hupp Motor ...

[Il Ceniral Ind Rayon Inland Stl Inspiratn hier BR.T. ... Interlake Ir .. Int Harv Int H El A ... Int Nickel .... mITa&aT Int T&T For .. Intst D S “. Intst D S pf.

TG be Ore aan

nme eN ame

Cop.. M3 1234

oe De a Wr Jad BOS UN

td W000 A AD NG

wr aq =3 00

00 00

i Telautograph .. Tenn oe fivii 41 Tex Gulf w

I'win Coach xl

*| Union B&P ....

- ! an

Kennecott .....

Ih P C pt Leh Val R R . Lehman . L-O-F Glass .. Lig Carb 0eW’s Loft, Inc Lorillard

abt BNE a] IO re he C0 RNS Raa

23 113

g McCrory B gee McIntyre Porc . 53 Midland Stl .... 27 Mo K Tex nf Mont Ward Motor Whi Murray

Wad NDI pe JT we

pa NOIO =3

TODAY'S BUSI

Freight loadings in the week end-|

ed March 25 increased 10,894 units over the previous week to 605462 cars, a new high since Dec. 17, the weekly report of the Association of American Railroads revealed today.

The total was 1.8 per cent over the previous week's 594,568 cars, a

‘more than seasonal rise, and 5.7

per cent above the total for the 1938 week of 572,952 cars. It was down 199 per cent from the 1937 week's total of 756,416 cars.

= » =

A total of 10,760,000 individuals were unempleyed in the nation at the close of February, an increase of 103,000 over January and of 210,000 over the aggregate a year earlier, according to an estimate released today by the National Industrial Conference Board. ® 2

Carrier Corp. introduced this

| Warren

(time high, according to the current

NK ow

Socony-Vacu.m So Cal Ed .. South Pac South Ry

TRS ani a

Bo mt 1S bet COP st tf DS bd oh 1.5 fk 0 kh nb a] fk

— EEE ET a

hm lh

IR PBN DLO BUS NS AD =

a bt his

BSO0 Tre BS ~ TOO PS > a

St BS 00 «J r= fu CO

rf Nas

Sunshine Min . Superior Oil ...

See -} PER art

O15 00 via Ld on CO Bn OV A a Nd oem EWR ARN

Texas Corp ... rod.. Tide A Oil.. Timy-D,. AX « ... Air

et GSD

Aa RR RAR

it, ul 1200 LO dn Oe OY

bd fk fk

Frans West I'vri Cont

Poe Cb AD am WH WRN

Union Carb ... Un Oil Cal .... Un Pacific

I ~IUT00-1 0

5 | United Corp ...

United Cp pf .. Un El Coal .... United Fruit ... Un Gas Imp ... Un Mer&Mig .. U S PivekF ... U S Rubber .... U 8S Rub 1 pf \J 8S Steei U S Steel pt

Walworth Warner Bros Br, . Wes OO. &. 8 ... West P El

RANGE NARROW IN GRAIN PRIGES AT GHIGAGO PIT

Earlier Rise Credited to Concern Over News From Europe.

CHICAGO, March 31 (U, P).— Wheat prices fluctuated around previous closing levels in mixed trad ing on the Chicago Board of Trade today. At the end of the first hour wheat was unchanged to off !s cent, corn up % to off i cent, and oats unchanged to ls cent lower. Wheat opened steady to 4 cent higher on strength at Liverpool which was credited to concern over European political conditions. Prices eased on Prime Minister Chamberlain’s declaration that Britain would fight in the event of aggression against Poland. Closing prices at Liverpool were unchanged to 3: cent higher. Winnipeg was i to 3: cent higher at the end of the first hour. Foreign demand for North American wheat was improved, with sales of Manitobas placed around 400,000 bushels in addition to a moderate amcunt of wheat now on the Continent. Greece purchased a cargo of Australian wheat. Liverpool re ported better demand for nearby Argentine parcels. Crop news had a somewhat bearish effect in the local wheat pit. The first private estimate placed the winter wheat crop at 524 million bushels.

CHICAGO GRAIN

Opening prices today on the Chicago Board of Trade, as reported by Thomson & McKinnon, were: May July $68 @.68'% $.68 @68!4 [email protected] 4954

Sept. $.691% 5054

Wheat— Corn— Oats—

Comwlih Bd 3'.,8 58.

s Year ago

293% 2674

'Rye—

Jd,

WAGON WHEAT City graln elevators are paying for red, 64c, other grades on their Che corn, new No. 2 yellow, 42¢ 26¢.

Chicago Stock

No. merits, Oats,

| |

bt 1G RD ps

Comm Edison . {Dayton Rubber Deere & Co Elec Househd

et BS

oH Nn ~ C00 05 00 CO OY r= 1 =T 8a pt £0 W105 25 303 00 we =] 1S bt SN C1 4 13

"0 Ken-Rad Tube Libby McN&L .. Marshall Field .. ivi Mid West Corp e Mir (.......:

ht [a

United Air : Walgreen Zenith Radio

fa Sy

109

t %

10¢

N.Y Bonds

BOND PRICE INDEXES 20 20 20 60 Inds. Raile Utils. Bonds . 86.0 58.9 100.6 81.8 86.9 59.9 101.1 82,6 86.8 60.5 101.4 82.9 49 49.8 87.3 90.7

Yesterday .. Week ago .... Month ago ....

Yellow Tr Young Sh

18%; 18% 18% 1%

~ vy NESS BRIEFS 044,000 compared with $57,893 - 000 a week earlier and $37,109,000 the 1938 period. The current week's total brought awards for 1939 to date to $801,102,000, an increase of

224 per cent over the volume of the initial 13 weeks of 1938.

» = ”» Sales of domestic aircraft pro-| ducers will total around 225 mil-

lion dollars for 1939, an increase of 50 per cent over 1938 and an all

Zenith Rad ....

issue of the Annalist.

= =

Indications of an increase of 30 to 40 per cent in residential con-

struction have influenced an optimistic note in 1939 prospects for the furniture industry, Dun & Bradstreet, Inc., said today.

» = =

Two years ago. 92.8 968.7 103.1 9.5 8R.0 61.0 101.9 8.6 85.6 56.9 99.1 83.3 00 99.7 719 47.9 81.3 . 95.0 100.2 1060 1937 Low .. 80.1 69.3 92.3 1936 High ..... 91.8 100.4 108.2 1938 Tow . . S00 847 1035 (Copyright, 1939, Standard Statistics Co.)

83.0 0.4 100.3 81.1 100.2

1938 High

1937

U. S. GOVERNMENT BONDS

23s 1965-60 ......... Home Owners Loan Bonds 2348 1949-39 101.28 FOREIGN BONDS High

Argent 4'2s 48 Austria 7s 57 ... Belgium 7s 55 Belgium 6s 55 .... Brazil 6's 25-57 Canada 3s 67 Denmark 6s 42 Denmark 4's 62 German 5'as 65 Italy Ts 51 Japan 52s 65 ......

DOMESTI

104.24

101.28 t

Las :

a 91 11 as 102 17} 97

9 98 86'% 181, 61

(i 58 C BONDS Hig 1

igh Last 06's

106 94; 10034 55% 55

8515 117%

'8 10534 101s

Lin 6s 45.. 3lhs 52 29...

Seab Air Tide W Oil Warner Bro 6s

THE INDIANAPOLIS TIMES Trend of Stock Prices

PAGE 33

(1923~25=100)

| 1 | a— 348 INDUSTRIAL COMPANIES

hf |

\)\

Jz RAILROAD COMPANIES

Net Ma

1929 1930 1931 1932 1933 1934

801,383 for 1937.

william F. Humphrey, president, in his annual report to the stockholders stated that the drop in net profits for 1938 was largely attributable to a substantial reduction in average sales prices for practically all products marketed in the eastern and midcontinent areas without a proportionate decrease in the cost of crude oil required for refining purposes, together with higher costs of labor and materials. The company’s net profits per dollar of sales declined from 109 cents in 1937 to 7.6 cents in 1938. & # NEW YORK, March 31 (U. P.). —Gimbel Brothers, Inc.,, and subsidiaries today reported net profit of $437,531 for the fiscal year ended Jan, 31 compared with $2,278,709 in the preceding year. Net sales were $87,963,346 against $100,080,575 in the previous period. : Current assets, as shown in the Jan. 31 balance sheet, were 3$27,.839,518 compared with $29,199,336 on Jan. 31, 1938, while current liabilities were $4,923,204 against $6,215,304 in the previous year. Inventories were reduced to $12,867,758 from $13,857,994. “Additional physical improvements to the company’s properties have been made during the year, including those in progress in the New York stores at the year end in preparation for business expected from the World's Fair,” Bernard F. Gimbel, president, stated.

”

* = #

NEW YORK, March 31 (U. P). —The Sperry Corp. today reported a net income for 1938 of $4,961,398, equal to $2.46 a common share, com‘pared with $2949.860, or $146 a share for 1937. The balance sheet as of Dec. 31 showed current assets of $12,825.217 | compared with $12,110,232 and cur{rent liabilities of $4,581,596, com{pared with $5,378,073 a year earlier. Cash increased to $3,716,309 from $2,250,545. Invenilories amounted to $6,461,132, against $6,475,518 at the end of the preceding year. “Approximately 79 per cent of the total inventories on Dec. 31, 1938

o consisted of work in process on cus-

tomers’ orders,” Thomas A Morgan, president. explained in the annual report. “On a substantial portion of {these orders partial shipments are ‘made as the work progresses, which

fwork in process items.” ” ” ” NEW YORK, March 31 (U. P.). —Lone Star Cement Corp. today reported a consolidated net in< come for 1938 of $3,125,379 equal to $3.19 a common share, compared with $4,079,825 or $4.17 a share in 1937. Sales were $20,458,971 constrasted with $21,251,648 in the previous year. Charles I. Hogan, president, saiéd in his report to stockholders that taxes for the year amounted to $1,470,869, equal to approxi=mately $1.52 a common share, compared with $1,268,788 in 1937. The company’s domestic mills operated at 42.6 per cent of capacity and foreign mills at 72.3 per cent during the year, the report said, compared with 45 and 79 per cent, respectively, in the previous year,

U. S. Department of Commerce

Tidewater Oil Profits Below ‘37, Still Are High

NEW YORK, March 31 (U, P) —Tidewater Associated Oil Co. today reported net profit for 1938 of $10,427,273, the second largest earnings for any year since 1929, and compared with the record net of $15,-

After dividend requirements on t ; equal to $1.28 per common share compared with $2.09 in 1837.

1935 1936 1937 1938 1939

he preferred, the 1938 profit was

EASTMAN STOCK T0COST $121.50

ON THE RADIO

TONIGHT

7:00—Lucille Manners, WIRE. 7:30—~Burns and Allen, Wi'BM, 8:00—Orson Welles, WFBM. 9:00—Guy Lombardo, WIRE.

Margaret Sullavan, stage and screen actress, will make her second appearance with Orson Welles’ Playhouse at 8 o'clock tonight, CBS-WFBM, in Edna Ferber’s “Showboat.” Miss Ferber, herself, will play the role of Parthy Ann Hawks, Helen Morgan will fly to New York from Chicago to recreate the part of Julie which she played in both the stage and film versions of “Show Boat.” Mr. Welles will portray Gaylord Ravenal, the river gambler and black sheep of a fine Southern family, and Ray Collins will have the role of Captain Andy. u » » Guest starring on Jack Haley's show tonight (6:30 o’clock, CBSWFBM) will be Oliver Hardy, screen comedian, in his initial attempt at a broadcast. He and Jack will costar

in a “drammer” of the north woods,

“On the Trail of the Lonesome Crime” or “How to Get Haley and Hardy.” ” ” ” Gag writers on the Gracie Allen broadcast are supposed to have

mad, because Gracie, they alleged, usurped their editorial prerogatives in writing her own original musicals for the Burns and Allen productions. 1s 1t bothering Gracie? Not at

Shareholders Will Be Offered 1 Issue for Each 10 Held.

ROCHESTER, N. Y, March 31 (U. P.).—Eastman Kodak Co. today

” ” ”

(The Indianapolis Times iz not res INDIANAPOLIS WFBM 1230 (CBS Net.)

Butler Forum Tea, Tunes

H. S. News Interviews Home Edition Matinee

walked out on Gracie this week—|

1all, With the assistance of Frank | Parker and Ray Noble, Miss Allen {has turned out tonight's show, 7:30 |o'clock tonight, CBS-WFBM. Just {to rub it in, Mr. Parker will sing, “1 Get Along Without You Very Well.” » ® A discussion of the many aspects of television will be discussed at 6:30 o'clock this evening, NBCBlue, by O. B. Hanson, vice presi= dent and chief engineer of NBC, C. W. Farrier, television co-ordinator, and Thomas H. Hutchinson, mane ager of the Television Program Die vision. The interviews tonight are part of a series of semipublic dress ree hearsals of television programs, preliminary to the large scale television activities planned for the World’s Fair this summer. CBS opened its new Chrysler Building television last Wednesday for public inspection. George Wald has announced that he has developed an attachment which will enable regular radio sets to receive television programs, although Mr. Wald is putting out Ino details. Engineers heard the [announcement with skepticism but added, “Nothing is impossible in | television these days.” According to Mr. Wald, he has | patents which will make possible [television sets without the expen|sive iconoscope tube now in use. If this is the case, some of the major |financial problems holding up tele ivision development will be erased. ” ”n »

”

THIS EVENING

ponsible for ina conraeies in program ane

CINCINNATZ WLW_ 700 (NBC-MBS)

Hannah Rollini’s Or, Jack Armstrong News

nouncements caused by station changes after press time. INDIANAPOLIS WIRE 1400 (NBC-MBS)

CHICAGO WLS—WENR (NBC Net.)

Elmira Glee Club Sheriff Bob Swingtime Edward Davies

Ho-Po-Ne Clob Wing uiz

Lone Ranger ”"” ”

Dick Tracy Review

announced that the new common

be priced at $127.50 a share. Holders of common stock of record April 6 will be entitled to sub-

scribe to 225,092 shares of unissued |_

common in the ratio of one share for each 10 held. Rights expire April 27. The offering price was fixed at a meeting of the board of directors. A registration statement covering the proposed issue was filed with the Securities & Exchange Comsion March 14.

Application been

already has

for trading in the subscription warrants entitling stockholders to subscribe to the issue. Morgan Stanley & Co. will head the underwriting group which will purchase any unsubscribed portion of the additional stock. Proceeds of the proposed issue will be added to general funds of the company for expansion and improvement of plant and equipment,

{co provide additional working cap-|

ital and to maintain for a period of {ime a greater cash and marketable- | security position than exists at present, the company said.

HOLDS INVESTMENTS ~ EMPLOYMENT KEY

| CHICAGO, March 31 (U. P).— (Jean C. Witter, San Francisco, president of the Investment Bankers Association of America, told a

93.3 insures a continuing accounting for conference of central states mem-

| bers yesterday that more jobs will be open in industry when invest-

ment funds begin to flow into industry. “It is the job of investment banking to finance the reconstruction of our factories,” Witter said. “This soon will be necessary.” He said that for 12 years prior to

stock to be offered stockholders will |

made to list the additional stock on the New York Stock Exchange and

Sophie Tucker

News Lum & Abner

Master Min Jack Haley en

Newspaper of Concert ”» ”

”» ”»

| "7:00 First Nighter | ” ”

Burns & Allen

| ad a3ad

mS | imum S a3

Playhouse i » ”» ”»

Waltz Time Death Valley ” ”»

”» ”»

*x WRX new

Gypsy i

Don Winslow Malcolm Claire Pianos Sports

Fanfare Savitt's Or, Sports News

Don Winslow Dorothea Brooks Nixon Denton Lowell Thomas

Amos & Andy. Jimmy Fidler Front Page Inside Sports

(iuess Where ”» ”»

Alr Case Histories ”» ”» Labor Y.eague Unannounced Plantation Party ” ”"

March of Time ”» ”»

Robjson’s or,

Plantation Death Valle

< ss

Grand Central

Believe It Or Not Uncle Ezra

Jimmy Fidier

=| m= slow

News L. Noble’s Or, Roller Derby Calloway’s Or.

Teagarden’s Or. Strikes & Spares Basie's Or,

kt kt 323 a Ex

ews Miller’s Or. ”» ”»

- Wt

S. Kaye's Or, ” ”

Tucker's Or. "» ”»

—— — eu

Guy Lombardo

Amos & Andy N

Armstrong vs. Day » »y

Varieties TUnannounced

Durward Kirby ills Or. Henderson ’s Or.

Unannounced » ”

Uncle Ears Spotlight

Peter Grant Nichol’s Or, Plavhouse ”» ”» Musio Lucas’ Or. ” ”» ”» ”

” “w

Moon River Herman's Or. ” »

SATURDAY INDIANAPOLIS FBM_ 123 (CBS Net.) Early Birds Nevotions

” ”» ”»

”» ”» » ”»

”» ” ”» ”»

im | nes add [a3

”» ”» ”» »

Organ Musie Montana Slim Fiddler's Faney

News Byra 2888 Bulletins Play Boys

INDIANAPOLIS WIRE 1400 (NBS-MBS

Tunes & Tins

PROGRAMS INDIANAPOLIS

CINCINNATE (WIBO 1050) WL

k (NBS-MBS)

Don & Helen FCA

Today’s Song Peter Grants Farm ”» «

) Devotions Friendly Five Breakfast Jam ”» ”» ”» » 7:45 Club

Coffee Cups Top O’Morning ¥ashion Footlightp Synagogue »f Ale Devotions Gospel Singer

”» 3

tr 1

Symphony vmn Singer Swing Serena Leich’s Or.

2 | wRXRE | erred BD

Hillbillies

i 4 Corners i ”» ~

Smilin’ Ed Amanda Snow Mai ax

Reflections Charm House Melody Time Home Folks

10:00 10:15 10::

Serenade Children’s Hour

Musio ">

Church News Army Band

School Patrol ”» ”»

”

”» ”» Farm Circle .” Ld ¥arm Hour ”

Headlines w

Farm Burean News Modern Moods ” to Palmer House

Pub. Welfare Music

Men vs. Death ” ”»

Meditations Flora Glee Club

Festival ” ”»

Up to You

i 2 DePauw Program Roth's Or,

Call to Youtih

IRE Reporter A Step Ahead

Kay Bartlett Parade re ”

Betty Moore My > Markets Army Band

Women’s Fed, Harp Recital Farm Hour

” ”» "” ” School for Brides Boy Greets Giri

Back Home Frank Dudgeon Cornhuskers Buccoroos

Around ,Yown

»n ”

”»n ”» 0 » Peler Grant Campus Notes Matinee » ’" Musis ” ©" Golden Melodies

KsTP Presents

Varieties ”» ”

”n ”»

” ”w

3:00 Brush Creek

Dancepators Flanner House Soholarships ” ”

Club Matinee ”» i»

”»

3 ”»

y 3:45 4:00 1

: Cong, Library 4:15 2 . 4:30 4:45

” “”w

Home Edition Unannounced

Rhythmakers William Apnel Tropic Moods Jennie Shefter,

Avril Fool

Old Refrains Aloha Land

Music Cont, Southern Stars

Three Cheers Youth & Gov't.

n ”»

KEY NETWORK STATIONS (Subject to change): NBC-BLUE=WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350. NBO-RED=WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—=WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770,

| MUTUAL~WOR, 710; WHK, 1390;

WHKC, 640: CKLW, 1030: WSM, 850.

{1930 an average of $§,750,000,000

{went from investors,

vestment bankers, into industry. “Consequently there were millions of jobs” Mr. Witter said. “But

{since then the amount has aver- |

aged only about 700 million dollars annually, and there has been a parallel deficiency of new jobs in industry.” Mr. Witter said the biggest step toward recovery, and the nation’s biggest problem, is job creation. He said that for a single job in industry a total of $8600 must be invested in tools and equipment.

through in-|

H ow

AT Kays

WAR THREATS SEEN AS TRADE DETERRENT

National bank clearings for the week ended March 29 fell abruptly below the turnover of the preceding week but held 8.7 per cent

| week at ils sales and engineering 23 meeting at the Hotel New Yorker a “|new “package” air conditioning unit ox | described as practically “victrola “"|size” and possessing half ton ca-

YJ LZ80),

Medium -— | 600-1050.. %7.50- 8 ou= 1.400 Common. . %.00- 7. ~ 71.00 Heifers 20/Good and Choice 500- 700..$ 7.30-

“Contract awards for public works and residential construction have shown an upward trend since late last summer and indi-

Good Medium. . Tommon ow cutter & cutter

Curb Stocks

15 700. 4 25- 5.75 Common and

! medium.. @€.00- 7.50! SHEEP AND LAWBS (Receipts, 308) Lambs Good and choice Good and medium Common

Good and choice Common and medium

OTHER LIVESTOCK

FI. WAYNE, March 31 (U. P.).—Hogs— Steady to 10 cents lower; 200-220 S $7.05; 220-240 1bs., $6.90; $6.95; 240-260 lbs. $6.80: 260-2 280-300 lbs. ; 300-323 lbs. § 230 Ibs, § 140-160 lbs. § 120 bs, 4.75: calves 8 March 31 2000 1 3 Y gener steady; $7.1% 100-149

1 lbs, good Dvacking

sews

total, 600. total, 350;

e—Salabls receipis Calves—SBalable ; market action fair, steady; few lots medium to good 775-1050" 1b. steers and yearlings, $9.93@10; near choice 590700 1b. heifers, [email protected]; plain to good beef cows, $8.25@7; low cutters and cutters, $5@86; bulk cuntter to medium saufsage bulls, [email protected]. Sheep—Salable receipts, 100: total, 100; market fully steady: nearly 100 head choice 88-1b. clipped lambs, $9: some good wooled ogerings, $9.50; choice absent, eligible to 818, several odd lots spring lambs mostly $12@15

500;

SEE FINAL EDITION OF THE TIMES FOR OTHER LATE NEWS AND CLOSING STOCK QUOTATIONS

_—

§ i

| Ind 0 5% | Indpls Railways Inc 5% 6 { Indpls Water 3!5¢

| Kokomo Water Wks

| Krusner | Morris

| o Te | Public Tel Co 41%

pacity (cooling equal to melting a half ton of ice),

The new unit, priced at $250, is

20 per cent smaller and lighter than the model introduced in 1938.

= =

Engineering construction awards for the week ended today topped the preceding week by 2 per cent and the correspond - ing 1938 week by 59 per cent, according to the weekly report of Engineering News Record. Total for the week was $30.

LOCAL ISSUES

The ¢

ollowing ouctations by the Indianapolis Bond & Share Corp. do not repre. sént actual bids or offerings, but merelv i Be. gPbroximate market level ving and selling qu recent transactions. Xn er

m Stocks uto Invest Cor *Beit RR & Stock *Belt R R & Stock ou ys T% ome x "t Wayne 7% Hook Drugs Inc com ?

ater 3°; Indpls Hydro Elec Indpls Gas Co . Indpls P&L Indbls P&L 6 Lincoln Nat *N Ind Fub *N Ind Pub SN Ind Pub Serv 3 Progress Laundry Co com.... 1 Pub Serv Co of Ind 6% pfd... Pub Serv Co of Ind 675 pfd... o Ind G&E 4.8% pfd Union Title Co com IT Haute Elee. Co pid ........ Vy Camp Milk Co Camp Milk Co com...... ...

SBS «Ji + +

SWOWHDBLI UI DD Tha i 8st

Van

Amer Loan 5s 48 Citizens _Ind Tel 45s 61 Crabbe Reynolds-Taylor 5s 42. T&T Ft W 5%

oh fh fh fh ok ot oes 338385833

e 60

68.. ,e %_68.. .. 80 5% 58....1

nter Tel & Tel 5%

en COO ed = >

5 “oie Muncie Water 8% 65.... Noblesville HY&P 62% 47...1 Ohio Tel

Richmond Seymour Water Wks ( Haute Water Wks 5% 100 [ Haute Water Wks 6% 49...1 [ract Term Corp ... ves 66

Mareen A hiv tment Co 21.91 (By M. P. Crist & Co.)

9 | 9...1

over the corresponding 1938 period, the 14th consecutive year-to-year gain, Dun & Bradstreet, Inc. reported today. Clearings for 22 leading cities of the United States for the week amounted to $4,897,918,000, compared with the $4,505,667,000 for the 1938 week.

» The dollar value of sa2les on all

» »

taled $781,252,481 for February, a

the February 1938 total a compilation by the Securities & Exchange Commission showed today.

» » »

Sears, Roebuck & Co. today reported that record-breaking sales totalling $42,161,605 from Feb. 27 to March 26 brought receipts for the first two periods of 1939 to the highest level in company hisory.

NEW SECURITY FIRM ANNOUNCED IN EAST

PHILADELPHIA, March 31 (U. P.).—A new firm, W. H. Bell & Co, Inc, has been formed to conduct business in general investment securities, it was announced today. The firm will continue a business started in 1926, retaining the same offices and a majority of personnel.

PROBE FUND ‘SIPHONING’

NEW YORK, March 31 (U. P).— Governors of the New York Stock Exchange today continued hearings on the alleged siphoning of six miilion dollars from Continental Securities Corp. and five smaller investment trusts. The hearings, begun yesterday, involve transactions of some exchange members. No charges have been brought and no information was re-

registered securities exchanges to- S

decline of 39.3 per cent compared |EL with January and 1.6 per cent below | Her

Neb Lact Change 8% 10534 23% 15'% 5.

Low 414 105%, 23'4 15%

High Aerc Sup B ... 4 Alum Co Am ..1053% Am Cyan B ... 24 Am Lt & Tr .... Am Super .... 3S Ark N Gas A . 2 Asso G&E A .. Bellanca Air

1'a 1 a L.

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CN RENE AS gw SIS PDRUW BRL WDW-T

Cities fies Cities Service pf 49 Claude : 1 0

Fi Cd WN A

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Lehigh C&N ... Locke Stl Chn.. 1ockneed Ar ..

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ft BS pt DS =F (Pn 00 OD 1-4 C3 §4 w

APPA NEN ANT Nes pA Aer irr NANNING»

Sherwin W .... Sunray Oil .... Taggart Cp .... Technicolor .... Un Lt&Pwr A .. Wright Harg

LOCAL PRODUCE

Heavy breed hens, 13¢c: heavy breed breilers, 412 lbs. and cover, 13c¢c; hens, under 412 lbs, l4c; Leghorn hens ile: and White Rock Springers, 1%; over, 18¢; colored springers, 1% . up, 1l4c; Leghonr broilers, 1!, 1hs. and over, llc; spring chickens, 2 lbs. and over, 13c; old roosters, 9c. No 1 strictly fresh country-run fear hdl Sase must weigh 54 lbs. gross; a ne eduction o ¢ for eac J unger 54 bs, will hie mage. STI ease utter—No, 1, 27'2@28c; No. 2, Va 26¢; butterfat—No. 1, 21e: No. 5.5% di (Prices quoted ky Wadley Co.)

U. S. STATEMENT

WASHINGTON, March 31 (U. P.).—Govcrime SRR RL ST Ao } rou - pared with a vear ago: Sir Marel 00h

Thi ixpenses ,.$6,741 604.8 Receipts .. 4,402 iross Def. 2,339, et Def...

8 NSC

Go @ ~ — ®

—

» =

lbs.

eggs, 13¢;

s Year Lasts Year pi ae 090,815.88 "704,

) y \

Customs 237,764,832,14 !

INDIANAPOLIS CLEARING HOUSE Clearings ...ocoiviiinianieds...$ 2,702,000

leased regarding the findings of the governors in their first hearing.

Debits cebpeaies 331, ings for sistiace 70.801, Us I0r MOBth cvesssenvenss 102,082,

. BP) —Loans to brokers and dealers

»|33 million dollars

cations point to an increased demand for Portland Cement in the United States, at least for the first six months of the present year,” Mr. Hogan declared. “Industrial construction, however, is lagging and any material upturn in this class of work would greatly improve the outlook.” >

LOANS TO BROKERS,

DEALERS ARE LOWER

WASHINGTON, March 31 (U in the week ended March 29 totaled 611 million dollars, a decrease of from previous

week and an increase of 69 million

| dollars over like 1938 week.

Other loans for purpose of purchasing and carrying securities amounted to 190 million dollars, unchanged.

DAILY PRICE INDEX NEW YORK, March 31 (U, P).— Dun & Bradstreet’'s daily weighted | price index of 30 basic commodities, compiled for United Press (1930-32 equals 100) Yesterday Week ago Month ago csesvivicivicssoee Year ago Tm 1939 High (March 6) 1939 Low (March 30)

104.18 104.64 106.12 109.70 106.47 104.19

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