Indianapolis Times, Indianapolis, Marion County, 20 April 1939 — Page 23

THURSDAY, APRIL 2, oe

STOCKS UP TWO POINTS AROUND | PEAKS FOR DAY 5

Meial and Auto Shares Are Am Sunn At Top Places Wade In “Morning.

NEW YORK, April 20 (U. P).—|a The stock market was steady in jm early afternoon trading today with prices around the day's best and gains ranging from fractions to}

more than 2 points.

Metal and automobile issues held at

top places attained in the morning.

Other sections were firm. Trading ald was light although well above yes-

terday’s very small session.

Chrysler, American Can and du

Pont were up more than 2 points

were made by Bethlehem Steel, Consolidated Edison, Irernstonn’s Nickel, International Harvester, Standard Oil of New Jersey, U. S. Steel and U. S. Rubber. Foreign dollar liens led a quiet advance in bonds on the New York Stock Exchange.

Italian obligations attracted good Cat support and swung forward to early Can

gains ranging to 2% points in Rome §%s at 46. Other issues in ‘the

group registered gains extending to Chad & Ohio

around 2 points. Domestic corporation loans moved up fractions to more than a point |g

at the opening but the gains were | Gom Credit

not extended materially in forenoon | trade. Curb stocks maintained an early

moderate advance in quiet forenoon Ss

dealings.

HEAVY HOGS 60

DOWN 10 Be

Top Is $7.15; [Lighter Weights Are Steady Here Today.

Hogs weighing above 130 pounds |

declined 10 cents to establish a prac-

tical top price of $7.15 on 180 to 200pounders at Indianapolis today, ac-

cording to the Bureau of Agri- | &2

cultural Economics. Lighter wee hogs remained stationary.

Vealers rose 50 cents, the top price |G &

going to $10.50. Around three double-deck loads of | good 81 to 94-pound shorn sheep

sold steady at $9.25. Other classes Grand En

were practically lacking.

April Top Repts April Top Reve, 13 ...3%15 "32% 18 ...S T.15 10.2 4 . 5.15 21... =X 15 7.25 000! 20 un 17 7.25 154

Barrows and Gilts Packing Sows

Good and ol | 350- 450. 6.30- 6.60 Int $4p. 160 $ 6.65- 7.15 420 450. 6.00- 6.40 Int ‘Hy - 7.00- 7.15 Medium— 1 IBD 715. 7.30) 495. 550. 5.75- 6.40 200- 220 %.05- 7.15 Slaughter Pigs 230- 250 7 00- 7.15 Good and Choice— 950- 200. 6.90- 7.05 100- 140 $ 6.40- 7.00

500. 300 6.60- 7.00, Medium.. 6.00- 6.65

CATTLE (Receipts, 621) Ch \ Bulls 780- “Soo $10.75-12.25/ All Weights—

00-12.75 B'a_b'f..$ 7.00- 7.50 | 900-1100. 10. LIN Rim

. 11.25-13.00! Medium. 1100-1300. 11. lum BY. 6.50

Good— Vealers 750- 900. 9.50-11.00! ‘an Weights— 900-1100. 9.50-11.25 Choice ..$10.50 1100-1300. 9.50-11.50/ Good ... 9 50-10.50 1300-1500. 9.75-11.50! Medium 8.00- 9.50 | Cull and Medium — | common 5.00- 8.00 750-1100 8.50 Ca

ves (Receipts, 597)

- 9. 1100-1300. 8.75- 9. LL, ol 350 “200. $ 8.00-

Rm n Plain— 9.00} G 800 7.50- 8.50/ Good. 7.00- 9.00 | o Medium. 5.00- 7.00 Heifers { Common. 5.00- 6.00 | Feeder and Cholce— { Stocker Cem 750- 900 $ 9.75-10.75/ Stee

00d — Choi 730- 900. 9.00-10.00 550- “S00 $

9.50-10.00 Medium-— | 800-1050 $.50-10.00 550- 900 8.25- 9.25'Good— Common— | 500- 900. 8.75- 9.50 550- 900. %7.00- 8.25 eo 1300 8.75- 9.50 Medium Cows | 600- 1050 . 8.00- 8.75 | Common 7.50- 8.25 Good ....$ 7.00- 8.00 Heifers Medium.. 6.50- 700'Good and Cholce— Capmon . 6.00- 6.50! 600- 700. $ 7.50- 8.25 Low Outter {Common and & cutter 4.25- 8.00] “med! um.. 6.00- 7.50

SHEEP AND LAMBS (Receipts, 724) Lambs

Good and choice ....... Sew 9.85-10.2 Good and yaa AEN : 8. 75-1920 o

Ewes

Good and choice .............. $ 4.00- 5.00 Common and medium . eee 3.75- 4.00

RoE Roceints, 11.000: market genetnily 10@15¢c lower, active at deline, top. $7.1 freely: bulk good and choice 160-250 1bs.. [email protected]; 250-270 Ibs., $6.856 7; 280-350-1b. butchers, $6. 606. 85: bulk good 350-500-1b.

packin sows, [email protected]; lighter kinds up

to $6.5

Cattle—Receipts, 4000: calves, 2000: fed

steers and vearlings steady to strong:

Yeallings and lirht steers showing strength: good to near choice weighty bullocus still dull; such Kinds selling mostly

50c under week ago: litle change Tor week on desirable vearlings or strictly choize medium weight or weighty steers; bulk to-

day's steer crop, S0@ 11: yearly top, $11.50:4

some held considerably higher: stockers. steady: other Killing ‘classes firm, with

heifers 10@ 15¢ higher; best fed heifers. $10.35; mixed offerings, $10.75: weighty

sausage bulls to $7.40; light vealers 25¢ lower at $8.50 down; choice weighty veal-

ers, $10.

Sheep—Receipts, 11,000; late Wednesday

fat lambs fully steady. less attractive, kill-

ing quality considered; sfots 10c or more higher: best medium weight lambs avail-

able. $10.35. bulk, $9.85 10. 15, 102-106-1b., averages at $0.85 13. o Icludin

to choice California spring a: $11; today's indications around steady on fat lambs; talking [email protected]; best woolskins he! RD. [email protected] and Detter; sheep,

stea

OTHER LIVESTOCK

TNCINNATI, April 20 (U. P.).—Hogs— Reo salable, 2000; total ao market, She aon ie low 8 top, $7. 300-350 1bs.,

@ 00-140 Ibs. $5.15 06 50, bulk

goon 8, Rrcking sows, $5.50@6 le—Receipts salable, 250; total, 400. Cart Ra salable, 300; total, 300. Limited supply fairly active; steers strong,

heifers steady, cows and bulls strong. some catch sales higher: Package lot medium to 75: two truck Jad

pood vearling steers. $9 good tea choice B00-625-l1b. heifers, $9.75

plain to Ap beef cows, $6.25@ 7: thin low

SSHLS, 50 down; bulk sausa bull $6.75@ 7.50: vealers steady, top, SN as Sheep—Receipts salable, 100: Soil. 100.

‘Supply again light. udertone ahd few sales

old crop lambs fully steady to strong,

springers steady. quality considered; fair siaeh lots good to choice 82-1b. shorn fed

Western ambs. $9.50; strictly choice

eliRibley higher: choice wooled lambs quoted to $10.50; few lots spring lambs, $12@ 14; strictly choice absent, slaughter ewes

sharn and selling at $3 50 and less.

120-140 Ibs, $6.35: 100 bs. Bn

Roughe, $5.75; stags, a Do. 9. lambs, $9.75. 5-50: LAFAYETTE, April =o (0. Market. 10 to 25c lower, Joh: i Sh ea 05 200-250 1bs., 32% ig [email protected]; OS, LA down;

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

N.Y. STOCKS

‘Bv United Press

r

— - . var

: ¥ each, while gains of a point or more Be Ba 5 ot q

: EN aN FLEFER ERETEFTFRE CHEER fa .

Pd

— WOO BhD

utte Cop & Z 3

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FFE EERE FE ERLE REEL

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Bast ce oh

30 Sh | Houd-Her B.. 20 6611 | Houston Oil .

DOW-JONES STOCK AVERAGES

80 INDUSTRIALS SR Te 4-16

MONth WEO ....oooneeeasess 140.33 40.82 Went WED ......iovinseieiass 11540 40.50 ‘High, 1939, 154.85; low, 121.44, ‘High, 1838, 158.41; low 98.95. 20 RATLROADS Yesterday ....... wR 25.68 0.33 Week WED .uvevereareseeneess 25.48 0.18 Month WED ..ovvveerenneseens 29.36 0.40 Year Wg0 «...vevvinn Seite 21.38 +007 ‘High, 1939, $033: low, 24.14. ‘High, 1938, 33.98; low, 19.00. 15 UTILITIES Yesterday «.eovvecearensaes 22.08 40.12 Week MEO ..veeeesveneeeneses 22.51 40.40 Month WED ««evocuervererees 25.65 0.39 Wer WROD, veer ny 18.00 0.51 High, 1939, 26.52; low, 20.1. ‘High, 1938, 75.19; low, 15.14.

| 275- 350 $ 6.50- 6.70 Inter

DEERE HELE FF EE REE FERRER HF FREER

+1 1+]

FF FREE

Net High Tow Last Change Martih G1 ..... 34% 34% MV%b + 1% thiesoh ...... 26a Vs Yo + Us Ma POLY wy. 10% 10% 10% 4 Ys MoGraw Bl .... 163% 168% 163% + a 3, | Miami Cop .. TV Va Ye oe 1, {Mo Pac pf .. 1% 8 Lo. Jak RR ER Bp ont arn . 2 ve | Murray ..... “3% SB BR : Na 34 Nash Kelv .... 8% Ya 6% .... at | Nat Biscuit [oll 34% 24% 2% + Yb 5° | Nat Dairy ..... 14% 14% ls + Ya % [Nat Dept St .. 5% SV o Ya 3 [Nat ‘Gypsum... MY% 11% 1% .... Ys Nat Mal & Sti. 17% 11% 1% + % 78 | Nut Pwr & Lt Yo Va JT 4 Tn % N Beh a oF 1 % «hin ewport In eee Arm gw Wn me Lk y, INY Central ... 14% 14% 1% + NY S & SL 13% 13% 3% + Me 3 xy Omnibus 34 34 34 4+ Ye : pines SSS Uk 21% 2% — “84 No Pacific ..... 8% 8% 8% + 1 i oo Sve wy Ww 3 Gliver Furth Wo. 18% 18% 18% + % ” JHU 15% 15% 18% + Yo gy 10S. Bev ii 18% 18% 18% + % Pac West Oil .. 10% 10% 10% .... % | packard *.. .... Sic 3m Bw Lo. Ys pan Am Alrwys 11% 11% Uk + 1? |Paramt Pict 8 4 Ug it | Pathe Fil 99 9s 4 Wa Erbe de Se BE LLM X el “ ae " bt Qon1 i. 3 Bg a 4% S oa oe uw IPO N he Py 9% 9 4 1, | Port R-A 3 Ys — bt 1. | Proctor & G 531, B3% Bll 4 Yo 1s [Pub Serv ....us 341, 34% 34% + Ta Apullman «.eeee «MV iV AW 4-1 y,, | Pure aN TY, YW ™ + % 3p — 8 Radio... Vy 8h + % is Rem_Rand Eins 1% 1 1% + " /a | Rep ee 3 Ja BB... 88% 38% 38% + 2 M non we qv, Va 4+ % [Safeway ....... 32% 32% 32% + % feway 5 pf .. 91 91 1 42 " RN pe %, 1 ®, +n Sears Rook 38, 66s 66% + Ya Servel Tne ..... 13% 18% +4 HK Shar SS SoS Ra 45% 4% 4 Ya Sheil Un Ofl .. 11% 11% 1% + 5s SOCORY Racwun oy ix aie I Vg 0 al kd ..... OD Ve uth Pa 125% 12% 12% <4 3s South RY ...... 13% 13% 137% += %% South Ry pf 19% 1% Wh + a alding ...... 31 3% 3a ven Sherry Corb 3% 3% 39% Xt o e Cc 7 HAT 20% 20% 20% 4+ a rands ... 6% 6% 6% + Ys oe 26% 26% 26% .... Std Oil Ind... 25% 25% 25% 4 Ya d Oil N J... 46% 46 46% + 1 Stone & Web .. 10%. 10% 10% 4 3 . Swift Intl ..... 26% 26% 26% 4 te Texas Cor 38% 38% 382 4 1% doXay Suit Prod 4% 41 41% hy W A Oil.. 12 12 12 dV T Qil nt i 91% 91% 4 2% | Tmk- bx 12% 12% 4 % » {Transamerica .. Te 5% 5% = 4 wl 2 l'Union BXP ... 8% 8% 8% 4+ % Union Carb ... Td T4 74 any Un Pacific .... 88 88 88 + ¥% Un Aircraft Cp 38 38 + VY Air Lines .. Va 9% 9% 4 V4 hited Corp .. 2% 2% g 4 hited rug 5a 5 Vo 4 VY United Fruit ny, Re MN 4 n_ Gas Imp 11% 11% 11% 4 3% U ath 4 4 4 RSS U i Pr 91, 39% 39% +1 U ealty 4 4 4% <4 VY U ubber 6% 36 363% + 1 U tae] i... Y 48%; 48% 4 1% 'U Ob “vu 34 34 "uh | an . Vanadium «.... 19% 19% 18% 4 % | wan y, Walker (H) ... 40 i 40 NY Warner Bros .. 47% 47% 47% . [Wank Mot ..... Bre 15% 1B + Yh i West Pac _...... hy Ia . v, | West pf a Tg % w= VY A (Nest WL... 917: 917% 917% 4 1% a (Willys Over ... D . Willys O. pf ... 3% 3% 33% Woolworth ..... 3 43% 43% J ¥% Worthington ... 12% 13% 12% + Worth cv bt, pf. 32% 36° 32% dy orth pr vv Va |'Wright Aero .. 90 90 ~1 —a Rope es IE pe tu Joun £y 3 ne ahi 943 843% [d% 4 1% Ty wa Vg Zenith Rad . + Wik 14Y, 14% x % Ug 20NIte «un 254 2%

Directors of Owens-Illinois ‘Glass Co. today had declared a guarterly dividend of 50 cents a share on the common stock, payable May 15 to shareholders of record April 29. On May 15 of last year the company paid a dividend of 25 cents a share.

WILMINGTQN, April 20 (U. P). —Stockholders Wright Corp. at their ennual meeting yesterday approved the payment of extra compensation to officers and employees of the company for 1938, and voted to adopt an “incentive compensation” plan for 1989 and subsequent years.

NEW YORK, April 20 (U. P.)— The Baltimore & Ohio Railroad ‘Co. announced today that it has received assents from holders of 84.17 per cent of the securities affected by its proposed plan for ‘modification of Ye charges for interest and maturities.

JERSEY CITY, N. J., April 20.— Sales and profits of the Borden Co, ., in the first quarter were ‘‘substantially ahead of the like 1938 period’ and all divisions of the company have shown material increases, with exception of fluid milk, Theodore G. Montague, president, told

U. S. STATEMENT

,| WASHINGTON. April =, oe P.) . [ernment expenses and 1 : {rent tent year through

Em 1 TE Ni

ZOURbS, S, x down, calves, [email protected]; lambs. Pu

337.73 115.585, pi 3a: R id

INDIANAPOLIS CLEARING HOUSE

Peres E As aI EAE LALA EL RR

LOCAL PD: a

Heavy b broilers, 41% Ibs. and over,

Ses colored Oley 3

ib os ng ES

TODAY'S BUSINESS BRIEFS

JERSEY CITY, N. J, April 20 (U. P.).—Crucible Steel Co. operat'ed profitably in the first quarter of this year, but prospects for the second quarter are “disappoinging,” H. B. Hufnagle, chairman, shareholders at the snnual meet-

ing here yesterday. Bufnagle declared that if | tax and wage conditions of 1929 Some. [1111000 795 833 nag prevailed last year, the company would have had earnings of more than $1,000,000 for 1938, insted of a net loss of $2,237,026.

CHICAGO LIVESTOCK|

stockholders at the annual meeting here yesterday. ® » Ww

NEW YORK, April 20 (U. P)). —First quarter ‘earnings of ‘Gotchaux Sugars, Tne, in the current fiscal year “will be fully equal or better than a year ago,’ Charles Godchaux, president, told stockholders at the annual meeting yesterday.

yy ® %

(U. P).—Earnings of Seaboard Oil Co. in the first quarter were around 30 to 32 cents a share, John M.

ers at the annual meeting here yesterday. ” » »

operated under ah increase of 25 ‘per cent in coach fares since Jast July 25, had a smaller decrease in revenues ih ‘the first wix ‘months of such operation than southern and western lines charging lower fares, the New York Central Ruilrodd announced today.

APPROVAL GRANTED

The Baltimore & Ohio Railroad Co.’s proposed interest-adjustment plan has received the approval of & sufficient number of security holders to comply with the requirements of the Chandler Act for railroad or-

ganizations, officials reported today. The management reported that

which would be affected by the plan sent to the proposal to lower inter-

est rates and adjust maturities on the carrier's obligations.

ba YORK April 70 (U. sali ying ure fdon cable A tes Dn. maior F ouggengies. |

Bonin {Bh-day i! Dior a = i:

ahada (dollar) ..... France En “ee ane’:

EERE REE

German) witzerland ne)... olland fT SoS

a Kh 008018 eh nes SRE TRO DAILY PRICE INDEX & Bradstreet’s daily weighted

55 price ‘index of 80 basic commodities, red |compiled for United Press (1930-82

a verage equals 100): in WErr EIR RERRRR ONE NY 104.14

veel Aaah SARA TOBIN | font. seer sua RRR RRR 104 82

» EERE EE EEE EE RE RY ’

ais

Yesterday 3 WEEK WED ...oveenssessrenes 12151 41.36

Sash corn, hi 4 8 | 26¢.

JACKSONVILLE, ¥ia, April 90. Elec

Lovejoy, president, told stookhold-|h

NEW YORK, April 20 (U, P.). Eastern Railroads, which have

B. & 0. PROPOSAL

PF NEW YORK, April 20 (U. P).—|&

8417 per cent of the securities have been deposited, signifying con- ¥a’

_|FOREIGN EXCHANGE

15-32 —.00 1-52

n ee pp ent iE fe Timo

DEMAND AIDS WHEAT PRICES

Corn and Oats Also Display

Strength in Trading at Chicago Pit.

on the Chicago Board of Trade to-|, for North American wheat.

oats were % to % cent higher.

Kingdom.

were not maintained.

eign crop reports were less favorable.

selling checked the advance.

Grain Trading Margins To Be Increased

today.

CHICAGO | GRAIN Opening prices today on the Ohicago Board of Trade, as reported by Thomson & McKinnon, were:

Wheat May July Sept. $HIK@. 69% $.68% 69% @.60%% Corn— 49% SO @.50% B1%@.51% Onts— 30% 28 27% Rye— oe 425% 44

WAGON WHEAT

City gain jo i are payin 1 r No. 1 red, des on their rits, yellow, 43c. ts,

LIVERPOOL WHEAT

May, old ....$82% $.82%

May, new .... .80 5934 3.30 3.3 Ya JUly “onan B21 81% 81%, 81%

OC, v.uvynhnn 64%, B4ly Bdly Gdn

N. Y. Bonds

BOND PRICE INDEXES

20 20 20 an Inds. Rails Utils, Bonds

(Copyright 1939, Standard Statistics Co.)

U. S. GOVERNMENT BONDS Treasury Bonds High Tow a t

s 1954-44 ...... . 115.8 115. Nan i > 8 SR 1108.21 itn ih: 2 2108 1992-30 .....uenn 104.30 104, 104,30 278s hi ro Rahs 107.9 1079 107.9 Federal Farm Wortenge Bonils 3s M0499 on 108.5 108.5 108.5 Home Owners Loan Bonds 2% 1 3 vahRRaYS ha 101.29 101.29 2s 1944-42 ......... 104.26 104.26 104.26 PORBIGN BONDS

rgent 4s vee BY 9 Y Aura 5 2 oR Bev 9 % Bove

elgium Ts 55 ...cve.. 108 108 108 Belgium Suey IRR 103 103 103 Brazil 6%s 26-57 eeu. 162 18% 16% anada Js & vena 98%, 3 95m nmark 8s 42 ..vv.ue. 08% BD, 96 German 5% 65 ..e... 17% 17 17% taly be) vara aaasy BB 33 bb nn Bh LANG RS 33 3 33 oo BAS BL “uuu 54%, 54% 54% DOMRBSTIC BONDS ‘ w ast mT. T 3%s WAS 1 Fh 100% inn Both Stl 4's BO ...... 108% 105% Beth Stl 3Vas : voor 98% Ja 98% an Pac d's 48 ...... } 3% 3 rev Uh Ql pS hi Th, by lev Un Im 0) TY ARR 08s 108° 108 Ble utorL, oh ne. ne 1089 e N68 4B. aa Ve Vs BY dootrioh 110s Sy 100 Riad B 0eW’s C ‘) 100? NY oh dey, Sout’ UE 50% 801 NY Oct on. ¥ - ahs, B8 a, 59 REE) y 3 39 enh dls D 81... pe Rave Ba Young S & T 4s 61 ....105 105 105

CHICAGO, April 20 (TU. P). — Wheat ‘prices displayed a firm tone

day, aided by good foreign ‘demand

At the end of the first hour wheat was unchanged to up % ¢ent, corn was unchanged to up % cent and

Winnipeg ‘was up % cent at the end ‘of an hour's trading, Export sales of Canadian wheat were esti- % [mated around 1,250,000 bushels, including two cargoes t06 the United

Liverpool wheat ‘closed % cent lower t6 3% ‘cent higher. Th the local market commission house offerings were fairly liberal after prices had gained about 1% cent, and best levels

Weather conditions ih the winter wheat belt were mostly favorable, and unsettled conditions were forecast for most grain belt states. For-

Corn showed fair strength, ‘moving up to hew highs on the current movement before commission house

CHICAGO, April 20 (U. P)— Margins required by the Board of Trade Clearing ‘Corp. on ‘wheat, corn, oats and rye futures will be increased ‘as ‘much as 100 per cent effective April 23, it was announced

High Low JI Siow .,

Yesterday ..... 83.5 54.83 99% 79.2

Week age ..... B32 B43 HY 1 Month ago .... 86.8 59.5 100.% ®2.3 Year ago ...... V8.4 52.1 90.4 53.6 Two years agb. 92.2 96.8 102.% 91.2

1939 High ..... 88.0 61.0 101.9 B48

1939 Low ...... 83.2 52.5 ov 8.3 1938 High ..... 87.3 70.0 0.5 83.0 1938 Low ...... "4.9 "ny Ws 70.5 1937 High ..... 95.0 101.2 1080 100.7 193% Tow ...... 80.1 69.3 923 ¥1.9

armament program got under way,

The publication asserted that inguiries have been coming chiefly from England and Canada, despite

|the fact that British ‘mills have

stepped up their output to virtual capacity. «Although steel ‘production has sn declining in the United States,” a ‘tighter steel situation is developing in ‘Great Britain, where output of ‘more than a million tons in March, virtually capacity, is ‘not yet satisfying wegent requirements of the ‘Government for its armament program. : “Commercial buyers, although affected by the political uncertainty in Rurope, are sensing the danger of ‘delay in placing steel orders. Because of the shortage of scrap ih England, additional blast furnaces are being put in blast,” Tron Age said. ‘Oommenting on the domestic steel situation, the authority reported that the downward trend in iron and steel activity is continuing, with ingot production this week recording its fifth consecutive decline.

week’s national ‘production rate

orders.” ‘With the exception of structural steel and tin plate, most steel prod-

Age said.

30 per cent below those of the comparable period in March.”

URGES CHANGE IN TRADE TERMINOLOGY

ber of Commerce has voted to elim-

that these terms are misnomers. The group, which met here Tues-

the phrasing heretofore used. The action ‘was in line with a sugestion ‘made about a year ago by derick W. Nickel, vice president and general manager of the International Business Machines Corp,

{BELL MAINTENANCE

EXPENSES TO RISE

The Bell System contemplates the expenditure this year for plants and

more than was spent last year,

stockholders atthe annual meeting of the American Telephone & Telegraph Co. today. Mr. ‘Gifford also disclosed that

the corresponding 1938 period. Residence installations, he said, have been showing relatively larger gains than business telephones.

STOCKHOLDERS GET U. S. QUESTIONNAIRE

The Department of Justice has dfstributed a questionnaire to stock-

: holders of the Alleghany Oorp,, top , | holding unit of the former Van Sweringen Railway Empire, it was 8 ,0872 (learned today.

U. 8. Attorney John T. Cahill con-

Tt pointed out, however, that this

sts are in lighter demand,” T a nogreate orders of [PAY the full United States tatift

some steel ‘companies uring the Tate, Dlus & 35 per cent counter frst Malt of ADI were from 10 to|VAIING duty, are expected virtually

PARTS, April 20 (U. P).—The QOouncil of the International Cham-

inate the terms “favorable” and “unfavorable” balances from foreign trade terminology, on the grounds

day, urged use of “export balance” and “4mport balance” in place of |The $2,235,000,000 Equitable Life As- |

surance Society of the United States today announced its entry into the small industrial loan field, making funds available to small businessmen |. unable to meet the high costs of registration requirements of the Se ||

NEW YORK, April 20 (U. P). — ing upward from 4%

improvements of 820 miuion dollars, or approximately 25 million dollars

Walter 8. Gifford, president, told

the system had recorded a gain of 34,000 telephone stations in the first two weeks of April, compared with an increase of only 14,000 units in

NEW YORK, April 20 (U. P) =

firmed distribut’on of the questionnaire but said that he could make no comment on the action at this

| Foreign Buyers Enter U.S. (Market for

NEW YORK, April 20 (U, P) —Foreigh munitions buyers have en‘tered. the American steel ‘market for the first time since Europe's te-

Shell Steel

the magazine Iron Age said today.

first time since war preparations in Europe were begun, inquirfes have been received in the United States for sizable quantities of shell steel and other ‘munitions materials,” the authority said.

BELITTLES TAX

Standard Statistics Says “U.S. Industry Net to Be Affected.

NEW YORK, April 20 UU. P) = The domestic shoe trade will be little affected by the ‘practical stoppage” of imports of shoes from Ozechoslovakia, the Standard Statistics ‘Oo. said today. These imports have beeh a small factor in relation to the total of retail sales in the United States, the company said. Such imports in 1038 amounted to 3,002,000 pairs, or less than 1 per cent of the domestic output which amounted to

dropped ‘only 1 poirit to 50% per cent of capacity, “indicating, per-|590,746,000 pairs. haps, that production has been “The abrogation as of April 22, of brought into close alignment with the reciprocal trade agreement with

Ozechoslovakia, and the United States Government ruling that goods from that region are now considered of German origin and Treqiired to

to prohibit - shoe shipments from that source as long as this regulation is in effect,” the wauthority stated. “Most of the imports consisted of cheap cemented-sole women’s and misses’ shoes,” Standard Statistics added. “Whether or not the absence of imports from Ozechoslovakia will be offset by higher shipments from other countries in com= ing ‘months is uncertain.”

EQUITABLE TO MAKE INDUSTRIAL LOANS

curities & Exchange Commission,

lion dollars at interest rates rangextending from 7 to

years.

COMMODITY INDEX HOLDS STATIONARY

company reported today. Tnoreases were recorded by corn, oats, lard, sugar, peas and sheep,

losses.

TRACTOR FIRM'S SALES TERRITORY EXPANDED

Expansion of the firm's territory |.

rell Tractor Co. of Tt. Wayne, which surrendered its franchise, sme nn

LOCAL ISSUES

ON CZECH SHOES

niles, Treme Wervey and Jackie ‘Cooper, will be guests with Bing

NEW YORK, April 20 (U, P)=

The insurance company, fourth largest in the ‘country, will make mortgage loans of $75,000 to two mil-

r ‘cent, and years, with the average loan between 10 and 15

NEW YORK, April 20 (U. P) = Dun & Bradstreet's weekly index of 31 food commodities in the week ended April 18 was unchanged from the previous week at $2.28 and com= pared with $2.37 a year ago, the

while wheat, rye, barley, eggs, Potatoes, steers and hogs registered

to cover 26 northern Indiana coun= ties ‘was announced today by Arthur R. Lacey, president of Tndiana Bquipment Oo, dealers for Caterpillar tractors and road machinery. The northern territory formerly was serviced by the Cock=

TT TE, 7:00=Rudy Vallee, WIRE, 8:00==Goodl News, WIRE. 9:00-Andre Kostelatets, WFBM.

The Hardy Family—Towis Stone, Mickey Rooney, Cecelia Parker, Ann Rutherford, Pay Holden and Sarah Hayden—will come in a body to the

Nngiiid a 3 DD, review their ro ‘pioba, “The dys Ride High.” * ® ®

Two of Hollywood's favorite juve-

Crosby at 9 o'clock t, NBOWIRE. hi B® % % Burgess Meredith, star of stage,

Smith's guest at 7 o'clock tonight, OBS-WFBM. He will be heard in

a short story written in 1820 by

consuming desire to possess a good | the road.

Angels Sing,” “Don't Worry About

Didn't Care.” ® % Ww

® ® ®

(The Indl notncements re

screen and Tadio, will be Kate

“I'he Overcoat,” radio adaptation of

‘Grogol, Russian author. The play is a study of human psychology about a simple Ukrainian clerk and his

Me,” “It 1 Had My Way,” and “I|

ON THE RADIO

of an old-fashioned bead curtain swinging ih a studio~made breeze. The ikowsky humber to be streamlined fs “Romeo and Juliet,” which will be condensed from its customary 16 minutes playing time to 4% ‘minutes without ome of the principal themes of the origifial score, ® B® Fdward Yverett Horton, screen star, will bring his bewildered and bewildering comedy to Rudy Vallee's hour at 7 oWlock tonight, NBOWIRE, OCiff Arquette, comedian, also will pay another visit to the program, ® BB A roundtable discussion by Tht ana University faculty members will be an NBC-Red feature at 6:30 o'clock tonight. Dr. Harald J. Laski,

Patten Foundation lecturer at the | University; Prof. Fowler Harper of the Law School, and Prof. John ‘Mueller, sociology faculty member, will discuss the European situation, Dr. Laski, a prominent figure in the political scientist field, is in constant touch with London and the European situation, owing to his position as a member of the exetu= tive committee of the British Labor |Party. He is a regular contributor

overcoat. At present Mr. Meredith |t0 American hews magazines such is playing in ‘Five Kings,” now on as the New Republic, the Nation

land Harpers and is a professor of

Kate will preview four songs she Political science at the University of will record soon, including “And the London. A second roundtable will

be conducted at 6:30 next Thursday, ® ww

Reasons for and possible solutions to the mational problem of ure

Andre Kostelanetz will swing Gil ployment will be advanced by Sec bert and Sullivan and streamline retary of Labor Frances BE. Perkins Tschaikowsky oh Tune-Up Time at and veteran Washington newspapers 9 o'clock tonight, OBS-WIBM, when ‘men in a press conference to be he does a ‘modern arrangement of broadcast at 5:05 p. m. today oh “A More Humane Mikado,” from NBC-Blue. The program will be the operetta, “The Mikado.” He will put to use one of his self-designed sound ‘effects for the nhumber=that ton,

THIS EVENING

(heard from Secretary Parking’ office in the Labor Building in Washing

nethre tor RAR ih drogram was

by thon om on after vress time.

RRR CHE me

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FRIDAY PROGRAMS

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KEY NETWORK STATIONS (Sub a Uniek NBO-BLUE=WJZ, 180; WOWO, 1160; WENR-WLS, $70; KWK, 1350, NBO-RED=WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. OBS=WABOC, 880; WIR, 750; WHAS, $20; KMOX, 1000; WBBM, 770, MUTUAL=WOR, 110; WHK, 1370; WHKO, 640; CKLW, 1030; WSM, $50,

CROSSWORD PUZZLE

time. Purpose of the investigation, Wall anihe following guotatibns by th he Jndiane |] S Street wources said, was to Won sent “notin a Rs fore ow mam, — mine losses suffered by shareholders {niet (it, Bane impce’ harkes Tee WORNZONTAL Awswer ® Previous Pumle 17 Magia High Tow Rn OD Uheir Alleghany vestments. [recent samc 1 Pictured 13 Sun gol. i st Ohange gl Bia Ask Spanish Anan? . 5 2 2 a +h Bull REE oe ds com... wr 5 general CAR 2 he) ~p ged Ty va ’ 4 VY ' Aa ; Stock Yds com... 4 ' Am Rha lee Xe ie ov Corn and Wheat Region dont Tig on” A a 13 Hodgepodge » rk N Gas... 1% % 1% wn ther Hom t Wayhe 71%... Bos 3 Ak X Gow pi on Hh 2 om ] Official Wea Hoa Severs Hoty wo oa ees aD 14 Possessed. 22 Bustier, 0 ie E 3 y 0. 8. Wonther Bure] [Ths Rich, ne : 13 Dac. LLY NOJ 2 Corres r A ny Hai v.18 LI 4 Indpls Gay CO. una 1 5 | spondence, in M Has 10 100 11 on April 20, IO ein. Senta or|dngDY BSE 6% pr, A 17 Stiffness, PONS 28 Pertaining W an 8s, wah 15-18 ii 118 Vw, Stations High Low tation W eather |Ligeoln Nat Life J Co_goth Va 19 Health springs tacus gent SEV vr “ 12 » - | Nneoin RE , jens TH Dub ory 8 bid 3 21 Born, WN 73 Intended, Cities Serv 8 81 9% vt Wheatfield ..... 4 2 joa nd Pub Serv %, "1! 5 22 Brachial n ities § Df ooo. 48Y WB) 48s — Bo ROCHESter ...... ai 3 00 Clear [Pup serv Oo of } a 4 Native Be a 30 Varnizh Siglo Lts .. or we % Sven Rhye 0 “wait 3 3 Ir glen ith, 8 Ber 8 bi8 Ie re Ei CAT BOY 2 Ristive Death : ingredient, u Ya 2 32 Ba -— 1% X ridge Clty. . ear Thad : 03 3 ®. i © kc) = “= gh Bit Bh +h iad nah % i § font Shon aie oe 2 i Bh Mower o G8 of VERTICAL 3 SIN : : sees ; Tw MEORL 0 , cloudy | yan Cam : Measure toms 3 ve, : Bs En in pir Bia 0 MA oh od i i gionay VaR Cain Rs wy 3% iy DRoundsup, 39 Kind of fsb. Glen Alden No on A ot i ATE AUS ~1%h M4 Ob gene Ammer Town, 53 40 on 20 Spaih (abbr), 80 Pronoun, 3 Herb, 42 BR: x . - 1% ee —————— ————— ie ) NRATTR gui ofl... 32% 3% Bw + Poe Revhalis. Mtoe By “dé : 30 Not win, 81 Weight 4 Nothing. 44 Microbe, cin Mih § " FOOD PRICES TAL UW bm BR 31 Beverage, allowanea, 8 Company. 48 Yellow metal Umble Ofl .». B8h i Me + R% 13... iid 33 To respond to 53 Engine, 6 To fill up. 47 Neuter Kington Bro he 2 al oe Onin, A THACTE CAT : a stimulus, 54 Planet, "Bird's Prison, pronoun EE URE EE SE Si aw! otatoes Vi, wt at oer, rer Dance. 88 To fawn, 8 Perfume, 43 Heath, ont Ward A I3% URS BERR Atkanshs, o- we 85 Young cow. 8% Trying 9 Railroad, 4D To si fig JP Te 8% BW 3 Be | A ho Snjiang BY tie 37 To complete, experience, 10 Bronze, 30 To pierce wit prc & =O. he Bon in as 5 fit fornin 3 oh SoIary-— Morr rater Wie 8% 85. oo. 38 Electric term. 50 He was === 11 Back of neck. a knife, is TT, 1a TOR: Wi oh Wa fat Ea lg et 1% (Oh! phi HS no! 28. 40 Lion, of the Spanish 12 Stuffs, 32 Male eat, 2 of, Yel. | Bubite Tel Ob Wem B80 uncay Of *...y 8 2, a 3 hil pre, $l. Tang I ye 41 Right, army in 18 He heads the 34 To look. Tt do 1%” I nn 42 Street, Moroced. wn $0T028 IN 58 GO OR (USI) REG ER Iw tw dw @Towcold. 80 To repulse. Spain. 58 Doctor, d of 4 9 + 1% on TT + nil INCORPORATIONS || wwricer Si iyssgio 6 Chicage Stocks [ Cotoninl_ mite savings a - olonia : eJntlinhe eT ao. PH at 0 | Insured by re Atlus Off & OW +. HE Ty WL fon fon. hi shares preferred of 4 - Endix AY RL 80 oh th op ie ont hy Chik aa hal — — her i hr fin Corp. Tndinnapolin; dissolus = ‘ ; > aA 8504 BB 85% " Be heah Electric Mg Tinos cots ngo Ry .. 3 1s oration. amendment of Nrvloles of incor gomwith Edison 0 ~ 4 ile Wayne ycdale W Water Co, ell vedi % tk || — 5 Dredge ...... Va nrshall Ricld hi pn ov id mh negro on i ogeryie ner gh y ¥ Fh Th oan 3 4% hy Hic: ‘Denner, oh 3 : 0 oy, Oo. Tndinn NC TRE GRR CRY RAY oe RENT -— BT gl of oh | DRIVE IT YOURSELF, INS, jinn li w Nw J Phone: Riley 7788 Fenith © uaviiwaay 14% 14 14%, { ne bg WANTE | 11 PAPER tr 2 l ‘ AR 4