Indianapolis Times, Indianapolis, Marion County, 13 April 1939 — Page 28

HURSDAY,

APRIL 13, 1989 _

N. Y. STOCKS FOREIGN NEWS ° * a Bv United Press A AAR TU Essie £ High Low Last Change 80 INDUSTRIALS : Ss Exp .... 13% 73% 73% + Ya| Yesterday ...cccceencecness. 126.13 42.40 Alhoka Jun .... Th T% Th + ei Week ARO ...ccceneeaceces.. 126.32 —A4.02 CLIMB Ma Som TR ld een are UT a Allis chal bio 31% 31% 31% .... |Year Ago 93 ar& 2012 2012 00a + | High, 199, 154. 85; low, 121.44. ‘esau an 3 8 ' 8 |Am Loco 111! 167 187 167 — Is High, 1938, Jal lo Am wr& 4 4 cu = Am Rad & SSI. lll 1lla 1h —. % cispiies eed eens 25.35 40.62 fl * Some High-Priced Issues Am Roll Mill 13 3% 13% i esterday 25.58 —111 Reaction Reflects Improved m Smelt ..... 4 a a — SpjVeek ARG ...:rriv0rn ceases : Go Higher; Volume = SH rae Pd Bi UI I.DpiYonts dew... seen S12 043 European Outlook; Dip Shieh 4 ¥ { ear OQ scsrsrasesransaas “ » Am T&T _...... 1523 1523 1523 + ¥ : 24.14 : Am Type F 5 5 5 Td High, 1939, 34.33; low, AR Is Small. Am Water W... 8% 8% 9la + Ys| High, 1938, 33.98; low, 19.00. At Liverpool. at ll SE eg 6 mutes © mpueentes i Armour I .... 314 31 31s .... |Yesterday ....... seseenernins 21.91 +0.% a NEW YORK, April 13 (U. P.).—|Artloom .. 8% 6% 6% + Yb|Week Ago ......c0s ... 21.57 —o.81| CHICAGO, Ap) 13 Os Late Stocks advanced steadily today and |4ighisen .---- 2. 2A, WA, [Month Age . veveess 25.21 —0.09 [selling at Liverpoo al mness in : . 's Y saan ~ - as the list turned into the fourth|Auburn Auto .. 3% 3% 3% + Year Ago ....... .... 17.85 <+0.21|stocks believed to re doe an im hour net gains ranged to more than —B— High, 1939, proved European outlook turned 2 points in the main list. Volume|Bald Loco et... 10% 10% 10% 4 %| High, 1933, 25.19; low, 15.14. wheat prices downward on the Chiwas small Bangor S Arpt, 0 4 13, Net |cago Board of Trade today, after a * Allied Chemical registered a gain|Beth Steel's bf 16% 16% 16%... High Low Last Change|firm opening. . of more than 6 ee Ie the high OT ker 130. Jon Joa, — it Murray ....... 8% 5% 8% + Js| At the end of the first hour wheat - - - eo J02 ; A = aN y Boeing Air .... 21% 21° 21%: + la ; was unchanged to off 4 cent lower. priced shares where Du Pont and Bees ff ti 10° 15° 1° 0" |Neongen oo. en ee en. |W CEEIAISCC OO ee Wek International Business Machines Bucyrus-Erie 84 84 8a +4 Y|Nat Biscuit ... 24°s 24% 24% 2% ying op g " ; Bu g .... 43. 43, 45... Nat Dairy .... 13% 13% 13% + Is/wag based on strength at Liverpool, were up 4 points or more. {Budd Wheel ... 3% 3's 3% + Js|Nat Distillers. 85 =~ 25 25 = + laf" 5 : Chrysler reached 602 up 2° % | ls Nar Gypsum .. 1074 oe eu TR where wheat was 3% to 1 cent highsateen 2 4 ‘ : points to feature the motors. United Calumet & H .. 8) 5% 5% + %|Nat Bwr & Lt. 72 Tia (a .... [er before the late reaction. The (Campbell Wy .. 10% 10% 10% .... |Nat Steel ..... 1, 6} 61 ~~ + 4 iBritish-French pledge to defend States Steel had a net gain of near-| ific 5 5 os 1 si, 8% + 7; : Can Pac ar 3% 3% 3 Nat Sup Penn.. 8'2 if d G be . ly a point and other steels were firm Caterpillar T. 8° 8 one ort he 10, i, 0H, ZL It Rumania, snd SRR lieved Ceri ntra y / — OY) , i ¢ With it. Montgomery Ward gained |Gelotex ..... XoI% lin — J Ns An... 20% 2 33% — 1is|to improve the outlook for peace in nearly 2 ints in the mail order|Serro de Pasco 38%. 38 38a +4 J |No Amer pf 55 5 + ¥s { Europe. yor Chars Onto .-. 9, 8. 23 — MiNo Am Avan 13% + | Mills were on the buying side in shares. Douglas ran up fractionally SMSF &P pf.. “rot ou are + }s|No Pacific “L + joval Srading. Loesl shipgers void n th tions. 3 an I & . . i e aviation Shrysie oF “ee 38 Ya 38: an ¥ 6 Ohio Oil .. 7% ih 38.000 bushels of wheat. Bond Prices Turn Up 5 Moly Co 0 40% 10% + 1% Smnibus - 13 —.."*| Corn prices weakened on the 1 Ys — Sg|Otis Steel ..... 9 913 + lijdownturn in wheat. Buenos Aires Prices on the listed bond market Col Broadcast A ii jhe Hi BIS Tomes: st 88” mt Tou Wats % 10 1 cont IOWer at Doon. Be turned higher in early dealings. | Colum as .... 614 61% Gl ... —P : : Limited demand centered in the Eom Oregit ---- 3 33 3 vrulvas won... 100 10% 10% + % port business was slow. i 7p Packard ...... . 8 Be Eo er Se Bf Mu My SEER A ARSE r, W #4 . iP a 3 ; x aramt Pic 4 2A wee, ‘trial issues extending NAITOW OPeN- Com & S pf.. 51% 5133 5103 — 15|Benney .....l Lah WN ma ¥ 3 CHICAGO GRAIN : BSUS 2 ont NATE coe 20% 20% 20% s; Penn RR ...... 171; 172 1T'2 + | Opening prices today on the Chiing gains to a full point and more. Song Haim ... 200s 0% An T3 Phelps Dod oe 3% 3% da + 12 cigs Bond of Toads ot re el Be + Norwegian funds were outstanding Cons Edison ... 28)2 201s 293% 1 (LHIL MOS -- 81 83,0 31 TT of a A ONCE ro por y in an otherwise quiet and narrow Sov San 2 Bt hy 3a : * Pitts Sc 3" 3% 3% + omso innon, were: 4 4 .e “awe moving foreign section. Polish bonds|Cont Mot ..... 2s Ba Ba Poor Ri Gar. Iu $5 hu in near MY July Sept. were down more than a point. U. 8.160% Prod, oo iz 33a Jai I ji|Eroct®G pf ous UZ HI oo. | [email protected] S60% 5.687% @.69 . Government bonds were narrowly Curtiss Wr .... 5% 5% 5% ... Pure Oil ao we 1 WE =y 18 @.47% [email protected]% 50% ¥ irregular Curtiss Wr A. 213% 21'2 21% — la = Oats IS AEs . Pl . 2956 scissiinives SL@Y me Refie .,..iiui¢ 6s 61 6% .... moderatcly Sn an otherwie quiet BILE? ni mt pn MEAL dl Sem, : : DU ag. ; : } x. AS seeds TISIN PR Sieg and steady curb market. | Dist Seag ..... 163%; 163% 163: ... Republic Stl 43, 143% 14% — YU Mi “8 31 31 = 7 7 tr — WAGON WHEAT ' In the utility section American | Douglas Air. 603% 60% Qu - 5 Republic Stl pfA a a Uh Ye city grain elevators sre paying for No. Gas & Electric extended an early Dresser Mfg .. ae s: 82 .. BafeWay .. ice 32 32: 3 + u% La corn, new No. 2 vellow, 42c. Oats, Poh! ....:. 11343 1341% 1341% .... ew . fractional improvement to around|® es St Jos Lead 302 30% 30} + 15 26c. 1%: points. Electric Bond & Share| sie: Pers Lb. 9% 9% 9% ee. ie de 48” ‘ag Iw LIVERPOOL WHEAT } common and United Gas were up| |B “Pal $7 of. Mis 3h Mh — 1&|Sharon S H... J11% if i = ih rev. fractionally. E ES i if Shell” on Di) 115% 11% 115 T ia|May. od . $08 ait $0.¢ 0% 0. oh $0.61 Lockheed, Brewster, Bellanca and |Equit Bldg .... 1 1 1 .... [Simmons ...... 20% 20% ° 20% — !s| May, new ... 304 “2h "oth Tae Bell established small gains among SP : ; ocony- Vacuum Jia i i } i x hy Luly Wood oo Ba 08 A La aircraft issues. (Fed Mot ox Ht Bh ity outh Pac GS Ho Hy T i | Elintkote ...... 181s 18%: 18a — X mh Ry pt... 13% 13° in — 3% IRE d™ of of 2 BSpep Cos 0h JiR BB — N. y Bonds He . 3 jegel Inc . : 2 2 eins ° e | —G— Std Brands . 8 “ese | den Electric 38% 341; 341 1 1, [Std GRE 6% %% Ya + la BOND PRICE INDEXES | Gen Foods NH” des AH” I SSM OE NG....43" 4 $8 — % : ie. #QYe a0 40's + 1 Siew-Wal -iee- 3.i % Bh 3 1 20 20 n 0 ete iy R iii Gl 6la 6% + Stoker Bh, » 52 1 "a 1 8 x Fi Inds. Rails Utils. Bonds (Gimbel Bros ... 81a 812 81. + ta|StoRe St Ved... IY, Tg, JG T..7%| Yesterday ....833 334 993 Wy | Goodvear Sifen mr 38: 18% ::vvy.|Sunshine Min'.. 8 3... |Week Ago ..... 81.3 516 996 79.6 Seraot 312 Hh 33:2 ¥ 138 Superior Oil .. 12 , +12. + Y8imonth Ago ... 87.9 63.0 101.9 843 Granam- Paige Ta 7s Wis 28 25 WGVs rk Ve Sear AES <i. 75 533 901 "3.6 SERRE 16 1812 B: - 5% A rg 373% 4 3 2 Years Ago....91.6 94.8 102.2 96.2 Gr 8 8 -o, | Texas Carp a Va 4 2 | 7 5 * - Greyhoun 35'2pf 10% 107s 107% % {Timken R B .. 38 38 38 — 1/1939 High ..... 88.0 640 101.9 846 Some Premium mium Sales Help, —H— 20th Cent Fox. . 18% 18% 18% .... [1939 Low ...... 83.2 52.2 98.7 8.2 Cushion Decline a8 + (Zoe. con Bit Jif if & BiTVR GLEE Sc Th + Np Ses nme Do Bo | Homestake 4 4 4... {I 1938 Low ...... S (R 50. {foucten Of ... 3:5 3% 3% .-g UnionBap. 8; 8% 8% 4 Xl jes mish 95.0 101.2 106.0 100.7 : Howe Sound ... 43'2 432 43; — 3% oe M054 1; $5 = Ypid EX caees 5 ¢ t : Sheep Gain. [Hoa Bay Mas: 39; 3, Ds; 7 13|Union Carb... 70% 05 0 bh 1937 Low ..... CA ——— rl Un Pac pf T9'2 79's 792 — 1%] (Copyright 1939, Standard Statistics Co.) Central ....11 11 11... |U0AuelRieOp Sk Sn Ym Tou U. S. GOVERNMENT BONDS Hogs above 160 pounds sold 10 EE LL. ..% 4 40 J 'WIigDAFgmes . Off 340 pi I 1 = 4 : 4 birath Cop.. 10! 10! 101: — ¥% .8 {8 ; Treasury Bonds cents lower at Indianapolis today, mnt'yed =A: 4 Jf J = 2D BOW Iaw id ibe Ton High Low Last according to the Bureau of Agricul-| ht SP tT qT gn it|U 8 For Sec 612 612 62 — 1,138 1955-51 ....e3e.s..100.10 109.10 109.10 chile hehter 3: son ai" ; 5 an : p : 234s 1959-56 ...:.....105.22 105.22 105.22 tural Economics, while lighter mt P&P pf... 291, 291% 29% — [US Gypsum ... 8ll2 8ll2 8lla + 102124 ] . oath. .... .4 4 4. 3 1523s 1963-58 104.24 104.24 weights and pigs held steady. Nu- Int T&T ...... id 3%. Oe does u § Pipe & F.sTia 81 qn * 1234s fos. -60 o Ios 104.18 > Jef ealty . a a A ven ome Owners an Bonds merous premiums of 5 to 10 cents|,, y.;, .. wy mu wa... |US Rubber iiIgh 3a 850 Zul, MM 00 oS 0nd on strictly choice offerings, however, | phi TH : uy 8 Diesl Ws Wp Ha =X FOREIGN BONDS : cushioned the decline. i“ Kennecott, cicee 31a jn 3 & % Un as & 8k ee 9. Last S 8 > ET, te Vadsco Suen... fo WW + WINER oioodi BR, V Coal... 5 34 35 <.o —— Belgium 612s . 100'2 1002 ‘to 220-pounders, with the practical [Sh VyRR 1:0 3's 37 3% Ul (walgreen pt ww 89 89 80 21; (Brasil elas 26.27 © 16 16! top at $7.10. [ihn & Fink.. 10's 10's 10's 1 la|Walworth ..... 514 5% 5's .... |Canada 314s 61 .. 10253 10234 n L-O-F Glass ... 40 40 40 -— 1h Warner Bros... 4!2 41 412 J 15 |Denmark 6s 42 .. 963s 963s Vealers were steady with the top Lima Loco .... 24 28 24, + lalWaukesha Motlh. 13 13 -- lz Denmark 41:62 821s 82s oft ne . rh ayne mp 2 erman is V price at $10.50 and sheep prices ph SAY: ‘Gem adits 441 44a 3 %k | west Auto Sup 23 223% 203% — 3 |German 5las 65 11% 170s * generaly were 25 cents higher. Most Loose-W Bis .. 18 18 18 +1 [West Md .:..: 21% 2's od12 coe, [Ttaly Ts 51... ... 56's 56! lamb receipts were shorn fed kinds. | —M— West Ar Bie.. 2p Bn Xa — hm Japan 5.as 65 ... 28% 36% a oT |Manats Sue ... 1. 1. J, ooo |White ss pent su gad an tu [FOIRRE 88 le BONDS April Top [ReptsiApril Top Repts. | KE ory Gl -..- 34 Bt Tat T°. Worthington .. 224% 12% 1X — % © § ..8 T50 E232 11 ...8 135 329 McIntyre Pore. Slla Slia S13 — ki —Y— Am TT Shs 66 co ER OV = & 0 307i eed 12 li. 35 3340 McKeesport 33 S's 9's — ls Yellow Tr .... 1314 13! 13% — Ys Beth Stl 3's 52. ...... 98, 98 981: 3 3 1000 ©. 7328 Mengel Ist pf.. 201s 20's 20a -- la!yng Sheet 3236 320% 32% — 2 PF “ts 1; v, i 1. 138 es : | Monsento _..... S01. Bott 904 + lai¥ng SU Dr... 1815 1B IBC Lo. [SREP PEF dvs 50.201% 101% 101% ad (Mont Ward ... 45 4 45 + la ee {SE StL gen ds 93, .. 6 64 1 11 RH, % =r C2 Se rr vy oe rs 308 en ges] Motor Brod MH. He I Rloeon mad... 150 sw nw — % AR Sigs Io: . HAI AX AL IS JI chen hoice— | 350- 450 6.2 Lou Ark Ry 5s 69 140- 160 § 6.50- 7.05! 423- 45 6.00- 8.40 ’ ; Nat Steel 4s 65 ........ 105 160- 180. 7.00- 7.10{Medium— { / F. NYCent ref 5s 2018 .... 5614 55 561 180- 200. 7.05- 7.15 425- 550 5.95- 6.40 | ODA y S B SINESS BRIE S Penn RR gn 4ia2s 65 .. 9712 87% 97's 200- 220. %9.10- 7.15) Stanzhter Pigs Penn RR 34s §2 .(... 7134 1 T73% - { 7.00- %. Sood d C 3 : < S “esse 2 350. 230. &90- To Ih sC95 Fes| Electricity production in the April 6 declined moderately from Nabash AS ete Lye (Je 1oa12 ©. 290- 300. 6.60; 6.95 Medium. . 5.85- 6.50) eck ended April 8 dropped to the| the record peak for the present cur-|¥ng S &T 4s 48 cv 11101% 101% 101% CATTLE Rs lowest since the first week of this|rency set i nthe preceding week, the Ceo $11.00-12. 23 Al IN re year, the report of the Edison Elec- |official statement disclosed today. GC b S b 1300-1100. 11-23-1300) Meniom..® 6.30. 123 tric Institute showed today. * = = ur toc S Op | Cut, com _5.75- 650) Output for the latest week was i d ‘o 750- 900. 9.50-11.50 Vealers placed at 2,173510,00 kwh, an in- George Zeigler and Jack Adams, High Lov Last Chose 900-1100. 10.70-11.50|All Weights— the| Inc. of Indianapolis, were among |am Airlines ... 19 15. == i 5-11.50! Choice ..$10. f 92 per cent over the ! : : 1300-1300. 8.1 13) Soot Dish | Cee kwh. turned out in the| the 200 merchants from Indi- |Am Cyan B I 20% i, 2% I ia - \ 75-11. d : : m Lt&Tr 4 4 4 YW Medium — Medium. 8.00- 9.50 1 ana ‘and Kentucky who met in |am Super 9-16 9-16 9-18 \ + 750-1100. 8.50- 9.75{ Cullan corresponding 1938 period. In the i fm Super bis Ble. Bib Lo topo SI 075) commop,, 350 890) week ended Avril 1, 1838, production | (WISE (2 (HCE BOREL ae Noga 38 a an T < 750- 900 _7.50- 2.75] (Receipts, 54) lof 2,209.971,000 kwh represented a “IPA NAL WES oo BJ Shr G3 iy : Heife {hoi t r the 1038] ©f the Louisville Bedding Co. Seliancs. Air 2 LF Pee ko Chotee— 20 100 § 8.00- 9.00 gain of 11.7 per cent ove The visiting dealers were guests |Brewster Aero. 8% 8§'a 8% + ‘a » . T7.00- 900 t year-to-year ® 2 3 4's 50- 900 § 9.75-10.75] comparative, the bes Pe vd the |Buff NEP pf | 20 So” 90 4 fy v Good— | Medium. 5.00- 7.00 1939. at a buffet supper serevd at the [py io. mlles’ 1 T1w 11% © | 750- 900. 9.00-10.00, “ommon _5.00- 6.00| advance of ompany’s plant and were taken [Carrier Cor B, 1% 120 Ff i edium Feeder and tompanysy Cities Serv... 6% 8% 6% — is 350- 300 8.25- 9.25) Stocker Cattle = = = for a tour of inspection of the Cities Serv pt’ . 59" Big 5104 — 8 or .00- 8.95 Cho he Further reduction in the refin- | modern mattress and pillow fac- Col GSE cv pf. 62 61 62 —3, ' \ 550-800 § 9.50-10.00 i t lineinventories | toryy ™ = [IGrecle Pet oo. 3 a g 8 'S 20 2100 ng indus! ry’s gaso . Creole Pet . 1934 19% 19% oe CE IEEE, opal lash week wae altel in pact by Ev Semel pias l ORL a8 XU Common. 6.00 6.50] - 93 harp rise in crude oil pro- El Bd&Sh 6 pf. 62'a 622 62lg — 1 Low cutter ~00- 8.75- $50, a sharp Fo 22 — 1s & cutter 4.25 o 00 Medium sop. ang duction, the weekly report of the CT BR RB. .tq “ommon | 1.50- 825| American Petroleum . Institute ge oii 5 BZ ih a die 1 . ‘ Good in Cholce— showed today. Insur No 62a 62!'a 62% x ia 0- 700 $ 7.50- 8.25 The institute estimated that all Jon Lay stl tgs 13,2 191s + a “ommon an had a total of 86,613,000 Lockheed Air .. 271 28% 21 X''3 . | “medium . 6.00- 7.50, refiners ha i a unfinished Mead Johns 132% 132% 132% 8k SHEEP AND LAMBS (Receipts, 1061) barrels of finished an Few 3 Zine... LL 0° 50 Lg TE ’ iGood and chol Me $ 975-10.25 gasoline In eit pans Tom LAFAYETTE, April 13 (U.P.)— Niag Weler ot: ‘Ru Bu 2% XT. 8b 00% Sha MEAIAM &.1essieiesnt 875-9. ecrease 0 Indiana wheat production of ap-|No Am L&P '.. 1 a on Common oon III T1838] a week ago when stocks registered |, oimately 26888000 bushels dur- ES OF SPT Ha su Ewes their first decline of the year. ing 1939 was predicted here today|Std Oil Ohio .. 1734 17%: 1734 4 sg . : Tech ies 18° I oS a Oita I I £ 4. 4 by M. M. Justin, Purdue University | yn Gas Corp .. 3. 3. 3 Tis TON. April 12 (U. p).|agricultural statistician. Un LidPwr A.. 1% 1% 1% .... 7 A ON His estimate was 92 per cent of | Wiiehi mes. bf 12 la CHICAGO LIV ESTOCK —M facturers sales of electric pe Wright Harg .. T% 778 71 . Hogs — Receipts, 8000; opened steady: " I ae apparatus and supplies|the average production from 1928 late “trade mostly 5@ 10¢ aOR oP $1.40; Foie A 774.000 for February, an to 1938. The slight change was ua 00d ana cnoice S. 5@ ! : . 735; 240.770 Toe, eS, ST 2s. 280- 330 increase of 5 per cent over January, Sue to a smaller acreage seeded last | Corp and Wheat Region y ‘ - acking sows, $6. loo. » smooth light and 8 per cent over February, 1938, He reported the condition of pas- $a Pitcher kinds u Le $6.6! the Department of Commerce re- po Pp Official Weather Cattle—Receipts, 4500; S dives. 1200: me- | ture as of April 1 was 84 and of rye dium to average good grade lightweight ported today. 86. bo ; A th slightly above the 10-year |’=———By U. 8S. Weather Bureau “steers i] in crop; market slow 8 = = ’ ‘steady to wea and choice kinds average. —April 18, 19: “Elly beder” boing noite Bere mat Current orders for electrical EE —————— cons mg soe FE: tno “week earlier: only good grade steers ruling| equipment are nearly 32 per cent NEW SE ARS ROEBUCK ARPaaTTS ov JER Lo¥ tation weather ” and Ec roa ibey are might than good ahead of the corresvonding 1938 Joie Dame ‘ 3 28 To Clear ; best steers today $12 several| period, and the company “ex- SUPPLEMENT ISSUED Rochester ...... 39 24 [00 Clear Joads $810.50@12; bulk $8. BEI heifers it to con- Mario : 2 22 00 fully steady: best, $10.50: 576 Ib. averages, | pects the improvemen \ Pion cc 34 2 ME Clear yy oN yi L fase; than, oy is and tinue throughout the year” CHICAGO, April 13 (U. P). — |Sambridee City. 50 22 90 Clear’ Son Bulls steady: vealers strong: weishty| Gearge M. Bucher, president, and | buc av. issued [Vooones - 2 ROW Gear s ars Roebuck and Co. today. issued € . 48 .00 Clear .y - sausage bulls up to $7.40: selected weighty| A W. Robertson, chairman of the HOI] ic xieie es 47 51 00 Glor ¥ Vealers te $11. mostly $10.50. : a catalog supplement of 118 pages|rt. wayne ..... 82 ‘26 00 Cie Sheep Receipts, 12,000; fat lambs op-| Board of the Westinghouse Elec- | reducti ing | Indianapolis Js 28 T, Smok ened slow: early sale and indications tric & Manufacturing Co. told S g uctions on Spring |p. Hante LoL 2 on oe oky 3 : ) around steady: many bids lower; double merchandise. Evansville Sed p 34 00 Smok choice 92-1b, Sesion Woole lambs shareholders at their annual Company officials said that price NI AT DIARY IN y $10.35 to Ss pers; packers talking a : 10.10 oh good ie choles Siferings, al meeting, reductions were not significant of LOCAL PRODUCE no, acLon Bos “Reads. Wl any trend, but were placed on spot| Heavy breed hens, ide; heavy breed Note circulation of the German |items for the purpose of stimulat- Proilets, 4 3S 200 Over, 13a: [lens under OTHER LI LIVESTOCK Reichsbank in the week ended|ing sales. and White Rock, springers, : ne Ibs. and ’ springers, bs. and A CINCINNATI, April 13 (U. P.).—Hogs— The present supplement is the up, ld4c; ghorn broilers, 16'2 lbs, and Receipts salable, 2500; total 2300: Soid- largest issued since 1936 and covers |over, lic; spring chickens, 2 Ibs. and ov t tly lower; 15; » er, SIT et, et 4D, Tbe $5 30@ 8.25. FIGHT FOR CONTROL a wide range of spring merchandise | *§o°'f SFhtiiy” fresh country run e most, food Brcking sows, 45.80% out mw and includes some furniture. fi Sach deduction of 15 ents to r eoch oe) ipts salable, 300; S for eac . SO ha aL 0 oR TERN UNION | FOREIGN EXCHANGE [bi Sg static Ns se pout ead haf 10. pL qo = C 240. Bustertat—No. 1, 200 No. 2. 18c, - yr $i oct oa cous Jiotatle, $6250 utter NEW YORK. April 13 (UB) Following Prices Quoted by Wadley Co.). Bae a stl 1 : practica 0 are noon cable rates on major currencies: nulls edium and low good wea i Cable Rates Net Change 4 ively Lg hme Ihe: HE 100. | ca NEW YORK, April 13 (U. P).— Eng G0. on rN 5 ie aa Rata TEMBNT n e. o Wee & 36. Lillis Supply 1g light, not sufficient to test values: | The management of Western Union | &2 Canada nar | eitia 5-32 +00 3-32 ernment _ expense By Nett Yor the market quoted nominally steady: 5 few | Telegraph Co. was to make a sec-|France (franc) ..... . ols 6000's | current fiscal Year through pr 11, comfal OE I maredwaisht: Siricily|ond attempt at noon today to re- [D&I Ui) _lio:iiee (Noges +0005 pared with a year geo: ath - LRA - LE ear i 50-1b. Prerage at the top Seure, - | Germany park) .... J4010 seeiuas « |Expenses ..$7,095874, 108. 58 chelce 30 1 Rabe sere hited 1 and | elect its 21 directors over the pro-|Germany TO ete Bxpen + $1.993. 814. 108.30 8 ten an » comparable wooled offerings to around $10. | tests of minority stockholders who Sviisetiand (date) + 2243 1:3800% Gross 2800858 720.95 870.040.023.086 broke up yesterday's meeting by|SoUat {ERNE ooo 339 TOOL (EEL, bgt . geass 309,625.33 3.000.905 518.00 dumping proxies for the manage- Norway (ki ne) Lui. 3352 oon” Werk. Bal: 2 are 9.46340 330 JHE T5500 33 SEE FINAL EDITION ment’s ouster. Spain (Franc pessia) 112% ULL. [Gold Res..15,3020i0844 13 13800 178:908 58 The stormy session lasted all aft- errr Customs .. 2 \794.04 9,082,166 stormy 66.07 OF THE TIMES ernoon with the ballot count stil] DAILY PRICE INDEX INDIAN ee HOTS incomplete. ~~ Newcomb Carltin,| NEW YORK, April 13 (U. P)— Clearings «ovo. Ee transesciosee $3.271.000 FOR | chairman of the board, said the pun & Bradstreet’s daily weighted Debits ................oiciiiiiil. 7,552,000 W | management had a safe majority of price index of 30 basic commodities, t OTHER LATE NEWS | proxies for the 1.045277 outstand- compiled for United Press (1930-32|| Colonial Thrifty Savings Ae« AND ling shares, but Arthur C. Flatto, average equals 100); counts are Insured by Gove | leader of the opposition ich Yesterday susssssssesensinn 0380 ernment Agcy. up to $5,000. charged the managemen heg- Week ago Chsebabocnibbbene Cc | i | Savings & Loan i CLOBING STOCK ligenice and an obvious desire’ to Month 880 viviussississsss 10488 OIOMIAI Association

PAGE 27

Steel Indices

of Staal Ingots 1928-1939 © BB = Production in first two months of each yeor = Total Production in each year

PROFITS SMALL, GIRDLER SAYS

Trade Will Be ‘Pretty Good’ If War Clouds Clear, He Adds.

CLEVELAND, April 13 (U. P).— T.'M. Girdler, chairman of Republic Steel Corp. told stockholders at their annual meeting yesterday that the company would have “pretty good business” in 1939 if war rumors stopped. He declared that Republic and the

|steel industry as a whole “do not

want to make money on a war” but asserted they would both be ready to serve the Government “in any emergency.” Mr. Girdler said the company

made a little money the first quarter this year, but “not very much.”

NEW YORK, April 13 (U. P.).— First-quarter sales of the Congress Cigar Co. this year “ran ahead of the like quarter last year,” T. C. Breen, president, fold shareholders at their annual meeting today. Stewart C. Pratt was elected a director to succeed D. A. Jenks. t- 2 2 NEW YORK, April 12 (U. P).— First-quarter earnings of Union Bag

& Paper Corp. probably will exceed $110,000 but dividends to stock-

2 {holders will depend largely on the ! effect of the price structure and the

world situation on profits over the next few months, according to

: Alexander Calder, president.

” ” 8

NEW YORK, April 13 (U. P.).— Directors of Warner Brothers Pictures, Inc., today declared effective as of April 11 the plan providing for exchange of optional 6 per cent convertible debentures, due 1939, for 6 per cent debentures due 1948. At the close of business Tuesday there were outstanding $25,534,000 in principal amount of the option 6 per cent debentures due 1939, of which $19,338,000 have been deposited under the plan of exchange. ” 2 DETROIT, April 13 (U. P).— March business of the Federal Motor Truck Co. was the best for any month since mid-1937, K. M. Schaefer, general manager, disclosed today.

2

” o 2

CHICAGO, April 13 (U. P.)— Phelps Dodge Corp., leading copper producing company, has placed an order with the ElectroMotive Corp. here for four 1000horsepower Diesel-electric switching locomotives, it was learned today.

a2. TH Celery" Florida, crates, $2.50

Onion market (50-1b. sacks) —Miche« iy yellows, $1.05; Oregon yellow danvers, |B: Texas Ss $1.50.

INCORPORATIONS

The penpiey Euraturs Co., Jamestown;

liam Hr TR Ine., Newport; ¢ Eden: spon to Crawiord Me. Alen, E arket 8 8t., Newpor ELINED Men’s EFITTED Clothes E 0 TAILORING CO. L 235 MASS. AVE.

WASTE PAPER

AMERICAN PAPER

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Lower as

Buyers Become Cautious

NEW YORK, April 13 (U. P.).—All the important indices of steel activity are lower this week and a “spirit of caution and hesitation” is evident among buyers, the Iron Age steel market summary said today. The publication observed that most of the “restrained optimism” which prevailed in the steel industry a month ago has vanished, but contended that “there is no disposition to accept the current slump as

the beginning of a protracted or sharp decline.” “Buyers are protecting themselves against possible contingencies by keeping inventories extremely low; and this fact warrants an expectation of resumption of normal buying if the European situation is resolved without resort to war,” the Iron Age explained. New orders have declined this week, the magazine veported, and the national steel ingot production rate is 3 points lower at 512 per cent capacity. It added that pig iron output is being reduced proportionately, and that scrap prices generally are down 50 cents to $1 a ton, lowering the Iron Age scrap composite quotation 17 cents to $15.08 a ton. “Only in tin plate is the trend of buying slightly upward,” the magazine said, “while the construction steels—shapes, reinforcing bars and piling in particular—are holding approximately to recent levels.”

European Purchases

Below Expectations NEW YORK, April 13 (U. P.).— Trade sources reported today that the European steel cartel purchased only 25,000 to 50,000 tons of steel scrap on its recent spring buying mission to this country. Purchases between 100,000 and 200,000 tons had been expected.

STANDARD OIL GETS AIRLINER CONTRACT

CHICAGO, April 13 (U. P). — United Air Lines announced today that contracts have been awarded to the Standard Oil Companies of New Jersey, Ohio, Indians, Nebraska and California to supply it with approximately 10,500,000 gallons of gasoline during 1939. A contract also has been placed with the Pennzoil Co. for about 115,000 gallons of lubricating oil for the system's mainliner fleet.

JUDGE TO RULE ON CARRIER'S PETITION

CHICAGO, April 13 (U. P), — Federal Judge John P. Barnes today had taken the Chicago and Eastern Illinois Railroad reorganization plan under advisement after common stockholders objected to the abolition of $23,845,300 equity. He set May 18 for a ruling. The plan already has received tentative approval from the Inter state Commerce Commission. If approved by the Court and then by two-thirds of the security holders, it will become the first U. S. railroad to be reorganized under the new Federal Bankruptcy Laws.

PEACE VIEWED AS UPTURN GUARANTY

NEW YORK, April 13' (U. P).— Floyd L. Carlisle, chairman of the board of the Niagara Hudson Power Corp. predicted today that clarification of the European situation on a peaceful basis would result in higher earnings throughout the industry and -a restoration of the industry's ability to finance expansion through flotation of equity securities. He stated also that the industry is again experiencing a sharp increase in its output, and observed that its present facilities are adequate for an even greater production.

LOCAL ISSUES

The jolopine Juctations by the Indiane apelis Bond & orp. do not repre sent actual bids or offerings, but merely indicate the approximate market level based on buying and selling quotations of recent transactions.

Stocks Bid Ask Auto Invest Corp......ecoveie TV 9 Belt RR & Stock Yds com.... 51 54 Belt R R & Stock pfd....... «o 58 . .

Cent Ind Pow hos a 31 34 Home T&T Ft Wayne 7% 50a 63 icago toc S Hook Drugs Inc com. ..... . lots 12% . 12 iia High Last 3 JEM ne ce Am Pub Serv pf..... ios 65 oY H 4 67 Armour & Co 41% 43 i I a : 21 ‘ees pviat y of ) ¢ sae 13 gai? ; x 61% 0914 en I Pa hf ndpls P&L 65% bid ........ 912 102% Cent Ill PS pf. 3 i Boos Lincoln Nat Life Ins fo com.. 2712 30 Ct ny. U in 1» d Pub Serv 512% pfd.... 18 = 82 ChEO BOTD oot 1a _1l8|sN Ind Pub Serv a 84% Comwlth Edison, 263g 2838 *N Ind Pub Serv 7° 351s @8la Gargnerbenvar . : 12 12 | progress Laundr % 13% t Lakes Dredge seein 20a 20 20% Pub Serv Co of 28 Jiaristnjoger 3 : 3 | Pub Serv Oo of Ind 5% bfd.... ! 49 Katz Drug 4 4 % So Ind G&E 4- 95 Lion £ Qil f Bi Bi Unjon Title Go, con) 28 Miah VE 8 ten he the | Yon Camp RIK Ch oo No Amer Oar :... 2g 21 Van Camp Milk Co com.. Sangamo My 2 38. Bonds tan na Fy 4] Amer Loan Bs 46........ , 100 Zenith Radio « 14 1% | Gitizens Ind Pel 415s p N 3 \ 5 OTHER LIVESTOCK 3 los LAFAYETTE, April 13 (U. P.). — Hog - an market, 10 cents lower; 200-250 ibs. down 80 $6.80@ 7; 250-325 1bs., $0 as. 70; 1i60- 300 8 7 bs., $6.70@ 86.90. . Piss down; hes “og 0 $0 OW Lg {v. BH Ho 1 1 . hy 0 —H % FO VATE, Soil Bo.dai postr Kibner eackine Cosikg sais sb, ol, 180-200 lbs. $6.95: 220-240 Tog, $6.90:" 180 incre Water Wis 67% 50.010: 30% H02Ye 280 Jos. $6.50, 240-260 bs 0: 2550;:280 | Noblesville HY&P 6'2% 47....100% 103% 1bs.. $6.80; 280-300 Ibs. $6.15; 300-325 lbs. | Noblesville H&E 6% < : 3 $6.70; 325-350 lbs. $6.65; -160° lbs, | DO. Tel CO: iizer "58°" : 5 0 6.65; 120-140 §0% $6.40; 100-120 lbs., $6.15. Richmond Water 1 Wks 5% is. TI103% 5 Roughs, $5.1 15; stags, 4.75; calves, $10; |g CAFNICGIEER Wks 5% 49.. 3 letbs, 3:35. T Haute Water Wks 5%. ....100%a 102 T Haute Water Wks 6% 49.. 5 FOOD PRICES Trpgt Ferm Diogsecoses v.00 66 69 Market St Investment Corp .. 19.73 10.94 CHICAGO, April 13 (U. P.). les— Michigal t Atackintosh bu., vii QL 1.65. (By M. P. Crist Co.) — t toes—Tennessee, . ha ers, Slit GarcotsTllipois. bu. sicqiit.| STUDY STOCK PETITIONS Cw or- fe ge Nes Las Savi iflower—California, NEW YORK, April 13 (U. PJ). Cates $1.25 Peas—California, ham- |The committee on stock list of the

New York Stock Exchange has before it applications for listing 400,000 shares of $10 par value common stock of the United States Playing Card Co. and 25,000 additional shares of $1 par value common stock of the Eastern Airlines, Inc. it was reported today.

Passenger Cars

DRIVE IT YOURSELF, INC. Phonet Riley 7788

TONIGHT 7:00—~Kate Smith, WFBM. 7:00—~Rudy Vallee, WIRE. 8:00—Good News, WIRE. 9:00—Andre Kostelanetz, WFBM.

President Roosevelt's address before the governing board of the Pan-American Union in Washington will be broadcast over CBS-WFBM and NBC-WIRE at 10 a. m. tomorrow. :

The Union, supported by joint contributions, is the official international organization of the 21 republics of the Western Hemisphere. It was established in 1890 to develop closer commercial and cultural cooperation,

War censorship is in effect in Albania so far as the radio is concerned. The networks tried repeatedly to arrange broadcasts from the capital, Tirana, without success. There is a short wave station there. One WABC broadcast last Saturday offers a sample of conditions encountered. Unable to get a program from Tirana, WABC tried Belgrade, Jugoslavia, and engaged R. P. Brown, English newspaper correspondent, to summarize Jugoslavia reaction to the invasion. First, the broadcast was postponed a day by Jugoslavian authorities. Mr. Brown finally spoke Saturday afternoon, but spent the whole 15 minutes describing the history and geography of Albania and the habits of its people. Not a word of current developments. WACB can supply no explanation, ” » ”2 Back for a return engagement, Virginia Bruce and Melvin Douglas will be heard at 8 o'clock tonight, NBC-WIRE, on the Good News program in a sketch, “I'll Be Suing You,” by Robert Riley Crutcher. Frank Morgan will do well by him8 8 =

The Indianapolis Times (s

ON THE RADIO

self tonight when Governor E. D. Rivers of Georgia will name him Lieutenant Colonel, honorary aide-de-camp to the Governor and official representative of Georgia to the San Francisco World's Fair. Mr. Morgan is supposed to typify the congenial and hospitable “gentleman of the South.” 2 ” 2 Stepping out of character, Eddie Cantor will contribute his bit to the nation’s safety campaign when he joins Dr. George Gallup, leading assayer of public relations, on the

National Safety Council Award program at 9:40 o'clock tonight, CBS WFBM. Dr. Gallup will announce the win= ners at the annual dinner at the Mayflower Hotél in Washington. Following the presentation, a boy chosen from the city with the high est safety record will introduce Mr. Cantor, who will speak from "Los Angeles. ” ” # Rudy Vallee's guests at 7 o'clock tonight, NBC-WIRE, will include Kay Francis, Eric Blore and the Stroud Twins.

2 2 2

Bill Robinson and a troupe from the Broadway stage hit, ‘The Hot Mikado,” including Eddie Green, comedian, and Rosa Brown, vocalist, will swing the Gilbert and Sullivan opera for Kate Smith at 7 o'clock tonight, CBS-WFBM. » 2 2

John Wayne, cinema star; Leo McCarey, director, and the piano duo of Vronsky and Babin will join Bing Crosby at, 9 o'clock tonight, NBC-WIRE. Bing’s songs will ine clude “Hang Your Heart on a Hickory Limb,” “Sailboat of Dreams,” “It Must Be True,” his memory song of 1930, “I Get Along Without You Very Well,” and “Sly Old Gentleman.”

THIS EVENING

( not responsible for inaccuracies - Bounsewents caused by station changes after press time.) a. program. an

NAPOLIS INDIANAPOLIS CHICAGO CINCINNATI WIRE 1400 WELS-WENR 780 WLW 700 (CBS Net.) (NBC-MBS) (NBS-MBS) 4:00 Before the House Baseball Savoy Or. Hannah $13 Tea Tunes SA Sher 45 Bob Jamboree 2 : Swingtime a 4:45 » " o” ” Johnnie Johnston News Tmsttong 5:00 Christian Science Spelling Boy Don Winslow Don Winslow 5:15 Howie Wing ood Afternoon Malcolm Claire Patricia Gilmore 5:30 Bohemians Dick Trace Your Hobby Baker & Denton 6:45 (Interview Safety Talk Sports Lowell Thomas R:00 New Easv_ Aces Easy Aces U 6:15 FHA Program Vocal Varieties Lost Persons y ayteed 6:30 Joe E. Brown °39 Champions Sports Don’t Believe I¥ 6:45 " . Newspaper of Alr News Inside Sports 3:00 Kate Smith Rudy Vallee Know Your School Rudy Valles . » » ”» 13s ”» » ”» ”» James a, Farley > » 8:00 Major Bowes Good News Mills’ Or. 8:15 0 4 . - Bolognini’'s Or, Good Nes 3:3 . - » h Town Meeting ® » 2: Tune-Up, Time Musio Hall » » Musio Hall 9:30 od ” " ” Kogen’s Or. ” » 9:45 Social Security n..» a nw » 10:00 Amos & Andy District Attorney New Peter Grant 10:15 News Baseball Mills > Or. Sweet Adeline 10:30 Roller Derby News Brigode’s, ‘or. Schnicklefritz Or. 10:45 Baum'’'s Or. Outside Lucas’ Or. 11:00 8. Kave's Or. Recordings Recordings Fisher's Or. He Maint Sol ae " " Gordon's. Or. Moon Rh 11% Map : Deutsch’'s Or. 4 11 » » FRIDAY PROGRAMS INDIANAPOLIS INDIANAPOLIS INDIANAPOLIS CINCINNATI FBM_ 1230 WIRE 1400 (WIBC 1050) WLW_1700 (CBS Net.) (NBS-MBS) (NBS-MBS) s tio: Devotion Checkerboard $i i Markets Rolling Along Don & Hel len : ” hid ‘Ii Breakfast Jam Ti to Shi 1:00 » » Tunes & Tips rea st Sine ty Shine 7:30 "o- ” ” Checkerboard Caravan, 7:45 nw "i. 7:45 Club » 8:00 R. Maxwell News Coffee Cup Paul Allison 8:15 t & Marge Dessa Bd Top o’ Morning Go to Town 8:30 Hilltop House Baby Bulletin Fashion Footlights Breakfast Club 8:45 Apron Strings Ensemble Devotional Silhouettes . 9:00 tte Kelly Central City Refleations I Like Musie 9:15 arrell’s tchem Other Wife Char id » 9:30 Plain Bill Shut-in Friends Julia Blake 9:45 Stepmother Woman in White Rhythmakers Central City 10:00 Roundup Pres. Roosevelt Kay Bartlett Linda's Love 10:18 Seatierdood Lorenzo Jo jones Safely. PTOzFatm re & Sade $ ow 10:43 Life ‘Stories Editor's Daughter Castletime Road of Life 11:00 Mary McBride Sin in’ Sam Noon Rhythms Editors Daughter HH any lo. r. Line's To lon a Ss tivo) tor Brides Boas’, Neils $ role . cho ids oe ou arm Hour Boy Greets Girl bo Hour 12:00 Farm Bureau Markets Kings of Strings od 1” 12:15 ews Headlines Home Folks Farm News 12:30 ohemians WIRE Reporter Markets Smilin’ Ed 12:45 Manhattan Voice of Experience Sleepy Hollow Happy Gilmans 1:00 Roller Dern Betty & Bob Musicale Betty & Bob 1:15 Dr. Sasa y Timm’s Daughter v » Gr imm’s Daughter 1:30 Rh ythm alient Lady 3 5 Valiant Lady 1:46 Betty Crocker ” » Betty Crocker :00 Marine Band Varieti Pianorama Mary Marlin 3s a d Progress, Parade Cong ¢ Hour Ya, Tes t er 3iis SORT Police Court ong Guiding Light 3:00 Fact Finder Backstage Wife Unannounced Mad Hatterfields 3:15 Curtain Calis Stella Dallas Virginia Taylor Club Matinee 3:30 " " Vie ad Band Box Beautiful Life 3:45 Clubmen Girl Alone Hawaiians Kitty Keene 4:00 Butler Forum Baseball Believe In Indiana Hannah 4:15 Tea nes ¥» » 37 $y Rollini’s Or. 4:30 ad " » » 2 » Jack Armstrong 4:45 ” ” n y Hawalians News :

KEY NETWORK STATIONS (Subject to change): NBC-BLUE=WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350. NBC-RED-WEAF, 660: WTAM, 1070; WWJ, 920; WMAQ, 670. OBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. MUTUAL-WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850.

CROSSWORD PUZZLE

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