Indianapolis Times, Indianapolis, Marion County, 25 April 1939 — Page 17

TUESDAY, APRIL 25, 1989

ALL SECTIONS

N.Y. STOCKS

—— 80 United Press

OF STOCK LIST A= \ |POW-JONES STOCK AVERAGES : ASE Che $0 INDUSTRIALS BE Sh i ban jeri Tatars i SUM =n Ade Ye ‘\ J AALS ANRARRAANY x w—y Aedes il 180.88 —1.81 |Qllis Chaim ose 9 2 CASS Month ARO (iieniqiintnnnine \ CRN vues oN Bk BIN SW TEAR ARS Liiiiiiiiiaenn HS —29 8 ehitig canes ng, nn ny, E54 High, 1980, 154.85: Low, 191.44, BRUNE BH ER] wee ee awa ie wos Ride ho hn 334 Sh + Ian By 3 t a dh Yo ooo | Yesterday 0/49 ON Tradin 3 % 11% 11% + W A SAARI ALRAAR RRNA 0 Continues Light; BE meg i ne 1 83% “+ °" aw vitecissasernes Nl tn Foreign Bonds Are Firm; fn thbs®. lg ‘@ 8. Fiver are CIID anes —ae rE Lire MWh NW Ww o4+ WN a Ih Anaconda : iy TOI sign, 1989, 303%: Lew, 04, Curbs Uneven. Asso Dry Gds & 3 Ne High, 1988, $3.08: Low, 19.00, Soh | Ne MW MW oY 15 UTILITIES A nine 45% $n $a tee | Yesterday iiiiciiiiiiiin, A 008 NEW YORK, April 25 (U. P| Aviation te. 8% Ya YWosiie [Week ARS iiiiiiiiiiis 210 =O A — Month ARD i.ioiiiesinnine 2830 088 The stock market held gains of o eb «« 109% 105% 10% 4 Na |Year ARS iii ces 1848 08 fractions to more than a point to- BoA yn oe Ri HN 1 4 iH T * High, 1989, 26.32 Low, 20.11, day. Trading continued light. Beth ste spt! ith 18% ti 3 1g] JRIRN. 1958, 38.18: Low, 13.10. All groups joined in the advance) Bore-farner 1! ‘“ HH nA nn +n Net and there were few exceptions) [Beans Buike: OR i, + Mls ¢ BER, 108 IN vie among leading issues. Union Oar. Bullard ...... TR LLR LL IE LS To af th n= § bide, one of them, lost 4 point and ef ee HR ane 8% ty 3 Radio Corp. eased 4, while Douglas| Sah Facile, 3th 3h J + hs S Web... ih 04 20Y and Du Pont \ Caterpillar T .. le He i — 1p FH Bs a hg nt were unchanged. Celotex at Bh ii% 1% iis = Y&|Supertor ON 1. s* 3 , - - Bethlehem Steel reached 56 for a te Ohio | 3 1% i +" th a gain of 1% points, while U. S. Steel|Chryster ....... 29 fe fe 4 WM Texas Gul Prod a AW AW held at 47 up 5. Chrysler rose near- Qlimax Moly © 4 vv Hu Siw = QS dE pe da =n t Cluett Peab . H% N% oR Tou iw If Iv ow ly a point to 62% and General Mo-| Colum G 8 $v on I th | R samerion .. ‘31% 8% i cov tors was up % at 41's, Johns-Man- Eom Raise igen Bi fk Bi + %ipcent ..... WLR Jt ville a Sears Comwith & 1 1h - we le nd Sears Roebuck gained a Somulth & = $i ot Wh - N IN aT a, point, Comwlth Ed rts 3 3 318 33 +18 Un Pacific ..... 89 88% 8 “+ Foreign dollar bonds firmed mod- [Sons Raison pt gis of ot 1 1h Un Alera Cp Be NM aes erately in quiet dealings but other cons oil ... Yh: (3 oo. Juiced oot a 33 h 38 = sections of the list drifted aimlessly. ont Rag Ae 3th Mit - W/tmited Mui We WE WE Foreign funds generally were, Cont Mot .,.... 3 aw LRN pe 5 N% Nn i fractionally improved. Italian issues | 80% wii: 3 a = LEE RAD bE BIS BIS Nt were well supported with gains] ae St (oo 2TH nn tg =a U 8 Smelt o.oo 504 sata Sola + MW ranging to around 2 points in Ital- [Ch ae Sue ol 68 BW 8 GSfteel pi Ge GW + fan Credit Consortium 7s B of 1047. [Qurtiss Wr (oo 8, 8, 3, 7" ta : ; U. S. Government obligations mostly | — VaBl&PGEprlld 114 1d + WN were easier but price changes Were | peere lite MTR NB — MY Wee narrow. De, X Nude “sh 13% i 13% i W iy Alp Bie: 0% Mh 203% -— Wa ~ s BAR vivo . Villys ve Saas Curb stocks displayed signs of poms, M hes “" 1 Bi oi ae Woolworth ey an a a x n “ 3 y All s oo OF OY 3 saan yor ngion ... a ” gr early firmness in DOCKS ATE 1118 118 © 118 9M [Worth cv pe pt S11 Site Si LW ¢ rm —¥ With traders awaiting develon | Bast Kodak .. 130% 130% 104 + Ya Yellow Te ones i, 18, $B. + B ment of a definite trend on the Big | Elec Pwr i 8 ie3 StS oung Sheet .. 333, 33% Ita + 1b 1 Pw&l, 87 24 243 MW + Me : \ 1 \ Board, sales for the first hour dwin- | East Rod Kis Ii Mk IW Youne SH DF tet 18% IS + W dled to 39,000 shares, against 49,000 (Eng Pub 8 oo 08 (0 oi Ia yesterday Equit Bag vor 1 1 ves N. Y. Bonds With exception of a full point . rT 5 4 A decline in American Gas & Electric | ERIKOLE tio Be PB nw + Wh BOND PRICE INDEXES to 331, price changes generally were wii °0 °0 20 °0 mited to fractions. 3 ™™ 4 43 43. +1 k limi a < Iaihions. ah Gen Au Tr 84 He Su lw. Inds, Rails, Utils sulle . Gen Stl © ot. Jie 1M: 11% NEN Yesterday .... 838 548 809 ™. - WLW vere 88 . 0, \ SR on Eo ee i Wma me Grevhound oo. IF | ‘[Year age .... Y08 5L0 620 We ha Walk — 1 [Two years ago 92.1 5.4 1024 88.6 Hah walk ee 0 A hi T filisse meh ... 880 60 ims se 4 Holland Furn «. 83 83 33 oo. [1930 Low ... 832 505 ORY 8 Hiud-Her B ... 10% 14 Ihe SM [tess meh cc .833 wo 7 830 7 I don 1 ee 3 th 08h ico ! cone BG \ \ \ hh Ry Ran: Rk: : 3 : & ATTN [1987 Low Lo. 801 603 en3 81 Int Harvester .. § I = 1% (Copyright, 1939, Standard Statisties Co.) i t Nick . 46 48! 8% 4 7 . : Typewriter Firm Reports 1st i Soe Cs a CE ER RY YL chan TA : 5 U. 8. GOVERNMENT BONDS Quarter Sales Up —. Treasury. Bonds Relcey-Huver A 20 0 WJ High Low Last i Rennecoll ..... HL 2 Oh 41398 1043-41 Mar .....206.18 106.15 106.15 Slightly. tp is 1054-44 cen 11818 153 11833 een Lambert ov. 134 18% Re on 3 ; 108.2 108.24 108.24 eC RUD (ivan —— ” . » » 105.3 105.3 105.3 ST. LOUIS, April 4 (U. P). — win pogo faq & a 26 10036 100361 The 23d annual report of the Wa -|1iq Cath ...... 15% 15% 15% J... dsl . 107.9 107.9 bash Railway Co. issued by the re-| Loft, Ine 3 8 5s 2348 1985-60 ......0o 05.2 1052 105.2 ash Ra {Lone Star Cem. 48 48 48 ‘ Home Owners Loan Bonds ceivers today, showed & net deficit porillard co 22 MM MN — Ylee jo8Rdd 108.5 1085 108.8 for 1938 of $6,127.890, after charges | Lorillard pt L300 150 180W oau |S DOMESTIC BONDS r . and taxes, compared with a net loss 0 fr “%. & : High Tow Last f£ $3.051.791 in 1937. Gross revenues|aan El mid gte 81% 8'% 8% ove “ is eS . Of § Man El mid g 8's 8a . Am TT 3MS 61 ooi0eee 3073 1034 107TH were $40.472327, against $46,133,734. Maan & Sor 3h Re 3 1 Sh an TT, Sli 08 an oT 107% 107te Out Od Ve i 8 oN 28 CY svanenn The road's Sotal Tet i McKeesport “i 10% 10% ive c= 3% Beth SU 314s 08 it 19%, Hi 9, total expenses during e =| Menge aoe 4 “ so T= 1h/Can Na Ry dls 58. ! 3% 120.623 for the payment of ines: Nohavk C8 1] a 3. Be oo | Re. Co hy 8B ii i on outstanding obligations, =] MORE Waid «cc HB: 1 Iie s/Int T & T 5s 35 . oN 0.5 iy : a “ + | Nat Steel 4s 65 .105 9-16 10 0-18 08 91 127.800 less than interest require- ; tii N'Y Cont Sf 2018 n on 1% 33, i ments.’ Nash _Kely ..... 8% 6% 6% .... my ar ot NAt Biscuit .... Mla 2a MY ©. Soe Vac 3tas 80 oe. 0 108 108 Ret Daly Th Teh 14h 3 n/Tide Wa Ol 3tas 53 ...10614 108 10614 NEW YORK, April 25 (U, P.)— Nat Sup Penn. 8% 8% 8% ... Warner Bros, & 89 ....100'2 1002 100%: f L. C. | Newport Ind 10 10 10 Young S & T 45 61 ....104% 1104's 104% Consolidated net income of L. Lu JS€APCALEI0 “18 10 14 3, | Young 8 & T Seer 100" 109 Smith & Corona Typewriters, Inc, Nyc Omnibus.. 34% Jl ML + FOREIGN BONDS for the first quarter 3 is sear No Amer ...... 213 RR dR N% + WU A aw High Lo Last J or — rgen 28 48... won 91% O° pigs ial Agi ly com- Otis Steel ..... 8% 8% 83% ve futirale 5 56 Lhe 1o3% ae o y —. 8S V0 (aveeenan Sa be.) a % Brazil 8'58 27-57 «.vv00 167% 169 1 pared with $118,597, or approxi- |, mon 4 Boe le wo Bar 100% 1094 100% mately the same per share earn- Bac G Be Nk Joe 04% + | Granada Seay ee 00 1001 10014 . \ i “qe UR LS Abaeeae © 3 ins, in the A Packard ©. 3 3 3 + Denmark 31se 88°11 gen 96% 6 m - aram jot .. .§ 4 » German 7S 49 ..... wo Tr Penn RR ...... IT 1t% 1a 4 3 BE cee 4 31a 43% ported sales for the quarter of |Liah "Voge 3014 3004 3004 +h Rialvs 1s BL cenit S01 801 gos $3,219,702 against $3,043,400, Philibe Pet c1 id ari we 200 ty, | TOKYO Bs 52 (iivviiie.. 38 38 38 Pp Stl Car.. 1! 7 i ) , , ,— ———— NEW YORK, April 3 @. Fa (Rlpn,, fi #4 Mi Iu |DAILY PRICE INDEX Consolidated Edison Co. of New "0% phi wYe York, Inc, and its subsidiaries to- . 6% 64 64 — %| NEW YORK, April 25 (U. P)— day reported a consolidated net in- RAK qr JR ii dR 2's Dun & Bradstreet's daily weighted come for the first quarter of thiSigevere cop .il J0% 10% lon ... '|price index of 30 basic commodiyear of $15261350 compared with | Ruberoid . .... 22's 22a 22% + l!2|/tjes, compiled for United Press $15.357,155 in the first three months Seahd AlE Lo. —- % ci (1930-32 average equals 100): of 1938. Sears Roebuck. 66 68 66° + swjyesterday ..cc.iceiiaaoieoe 103.91 For the 12 months ended March Simmons cis . 20 Ra Sou [WEEK BBO «oiiiiirisiscvveee 10391 31 the company and its subsidiaries South Pas Teas 12% 12a 1218 + ih Month aro Cassatt RIES 104. 59 had a consolidated net income of South RY ..... 134 13a 134 + {h|Year ago ........... veneenee 10704 $34,797,814, equal, after preferred Spicer Mfg .... Ma Ida Ida + th 1939 High (March 6) ....... 106.47 dividend requirements, to $207 a sta Bra nos 11 tts ft 0 ha © 11/1939 Low (April 13) ......... 103.17 common share, compared with |—— $36,530,663 or $2.24 a share in the ’ preceding 12 months. TODAY'S BUSINESS BRIEFS |} NEW YORK, Ar ril 2 5 (U. P)— WASHINGTON, April 25 (U. [vious week’s figure of 605. The p : Informed Wall Street sources said | P.).—Activity in the lumber in- | United States index in gold detoday that the management of the | dustry in the week ended April [creased 0.1 point. Alleghany Corp. is considering a | 15 held fairly steady compared voluntary plan to place interest | with the preceding week and con- NEW YORK, April 25 (U. P). requirements on its 5 per cent | tinued well ahead of the corre- | —The New York Mercantile Exbonds of 1950 on a cumulative | sponding 1938 period, the National | change revised its trading rules contingent basis. Lumber Manufacturers Associa- | to permit dealings in October Interest on these bonds began | tion reported today. refrigerated eggs futures and in accumulating April 1 and is pay- Production for the week was | butter options on the basis of able again on Oct. 1 and semi- | about unchanged from the pre- | fractions of 1-100 cent per dozen annually thereafter. ceding week but held 17 per cent | Or per pound. above the 1938 period. New or- The new ruling is effective imre || 20S dened 1 per cont on the | UY Ae win week, but maintained a 32 pp PL "EIEN INCORPORATIONS cent gain over a year ago. Ship. be in decimals instead of fracments rose 7 per cent and extend- tions.

Chickashaw Wood Products Co., ware corporation: admitted to Indiana to manufacture tight cooperage Softball Stadium, Inc., 317 Indianapolis; resident agent, Harvey D. Trimble, 801 Security Trust Bldg. Indianapolis; capital stock, 1000 shares no par value; to operate amateur and professional | softball games and contests: Robert D.

Fink, Brown Robbins, Robert C. Anderson. Indina Skating Assn. Inc, 126 N. Peunsyvivania St, Indianapolis; no capital stock; promote roller and ice skatino ntests; W. P. Fuller, Harold W. McDaniel | K. L. Dotteor, Cecil W, Flynn, Henry Pet tigrew

Atlas Supply Co., Oklahoma gorporation: admitted to Indiana to manufacture iron steel, coal and coke products, et Spring Mill Inn, Inc., Mitchell; agent, yron L. Rees, Mitchell; stock, 500 shares no par value; hotel and restaurant; James T. Elinor Moran Rees, Myron L. Rees. Lowell G. Ash, Shelyyville; re istration | of trademark, ‘‘Del Rose” an class 13: oils and greases. Ten Pins, Inc., 600 Wabash Ave, Terre Haute: resident agent, Milford G. Baker, ns , Maple Ave., Terre Haute; capital 1040 shares no par value; y; Raymond H. Scofi

vesidunt | capital

oran,

ford G, : Tri Social Club, Inc., St.. Indiananolis: no capital stock; entertainment; Owen C. Marsh, Frank Blackman, Luke Jones. Harry B. McKee Jr., Ingianapolis;, registration of trademark, ‘‘Magiclean,” class 4: abrasive, detergent and polishing materials. Citieg Service Oil Co., Delaware corporation; amendment of articles of incorpo-

TW Co jercial Improvement mn Corp.. A old First Bank Bldg., W. Berry Howell c

t.. Ft. Wayne; resident agent, RGekhiiL, same address; capital stock. 400 shares of $3 par value: real estate: W. F. Graeter, Howell C. ckhill, William J. Vesey, nry Beadell W. E. Doud, Walter IL. Ccrdes, Winifred J. Randall, Byron E. Hattersley.

Harrison County Farm Bureau Co-opera-tive Assn. Inc, Corydon: amendment increasing common stock to 8000 shajes of 5 par valu 8 ERRnsWICK Republican Club, Inc., 540 .. Gary: no capital Slockd politi1: Henry M. Couture, Francis J anderore, Arthur ON Bone, Donald P. Jones, Russell M. McC

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

Dela- |

Cecil Ave, |

ed the gain over a year ago to 20 per cent. NEW YORK, April 25 (U. P)— Business failures in the United] States in the week ended April 20 Irose to the highest level since March 23, Dun & Bradstreet, Ine, reportled today. Total insolvencies advanced to [268 from 265 in the preceding week land 241 in the corresponding 1938 week. Failures with liabilities of $5000 or more totaled 132 compared

operate (with 135 in the previous week and

| 145 a year ago, ‘Canadian failures amounted to 18

design: aominst 19 in the preceding period

and 12 in the like 1938 period.

NEW YORK, April 25 (U. P). —Retail sales of passenger cars and trucks in the United States in the first quarter this year amounted to 748,935 units, a gain of nearly 40 per cent over the 536,668 units sold in the corresponding 1938 period, the Automobile Manufacturers Association reported today. March sales were 329,467 units, an increase of around 63 per cent over February, and of ap-

proximately 45 per cent over March, 1938. Passenger cars sold during

March amounted to 276,292 units, a gain of 67 per cent over a year ago, while total for the quarter was 622,785 units, a gain of 43 per cent over the 435021 total in the corresponding i938 period. Commercial vehicles sold during the latest month were 53,175 units, an increase of 49 per cent over February and 34 per cent over last year, while a total of 126.150 units for the quarter represented a gain of 24 per cent over the 1938 period total of 126,150 units,

NEW YORK, April 25 (U. P)—

NEW YORK, April 25—Business continues to show gains in many quarters, according to reports to Electrical World from the field. Electrical manufacturers report higher earnings and larger bookings for the first quarter. Utilities are planning further expansion if present trend hplds.

NEW YORK, April 25.—Revenues for the transit industry, for the week ending April 15, based on telegraphic reports received from a representative group of transit operating companies, showed a slight decrease from last year. Transit Journal's Revenue Indicator stands at 99.78, which represents a loss of 22 per cent from the corresponding week in 1938. For the week ending April 8, 1939, the Indicator was 105.09.

NEW YORK, Apri April 25.—The 1939 fire underwriting outlook is clouded by the moderate uptrend in losses, and by the continuing pressure on premium rates, according to a new analysis of insurance companies appearing in Poor's Industry and Investment Surveys. Fire losses in the first two months of the current year were $56,919,000, the largest total for these months in the last five years, except for 1936.

NEW YORK, April 25.—March retail sales of gas refrigerators made this year by 231 gas appliance salesmen in all parts of the country who won awards in a sales contest conducted annually by the American Gas Association Refrigeration Committee averaged over two refrigerators more than were sold by winning salesmen in March a year ago, it was announced by R. J. Rutherford, chairman of the committee.

TIRE SALE

4.50x21 ees $4.95 5.50x17 «4:96.95 475x19 .... 495 6.00x16 .... 7.45

The General actors Korman world

7

Seas oo} See Casal ROD

CHICAGO WHEAT AIDED BY RISE AT KANSAS CITY

Traders Also Encouraged By Unfavorable Crop News Today.

CHICAGO, April 25 (U. P)— Strength in the Kansas City market and less favorable crop news from the Southwest turned wheat prices upward on the Chicago Board of Trade today, after a mixed open=

ing. At the end of the first hour wheat was up to '% cent, corn and oats unchanged to '% cent higher, Kansas City wheat gained 4 cent in early trading. Buying was encouraged by dry weather in the Southwest winter wheat belt which threatened damage to the crop. The local market reflected the action of the Kansas City trading. The May future was inclined to lag due to liquidating pressure. Notices of intention to deliver grain on May contracts will be posted Saturday, April 20, Local cash grain shippers sold 20,000 bushels of wheat, No ime portant export business was reported overnight. The weather map showed dry weather in the Southwest and light showers in the spring wheat belt. Liverpool wheat closed 3% to 7" cent lower, with selling mainly in the May contract. Winnipeg was 1% cent lower in the first hour. Corn prices started lower, but recovered in sympathy with the upturn in wheat. Local shippers sold 47,000 bushels of corn, and purchases to-arrive amounted to 48,000 bushels early today. Buenos Aires was lower. Local grain receipts included an estimated 88 cars of corn, 32 cars

broilers, 415 Ibs. and over, 13¢; hens \ 4'% lbs, 14c: Leghorn hens, i) and White Rock springers, 2'a Ibs. and over, 17¢: colored springers, 2'2 lbs. and up, 16c; Leghorn broilers 2 Ibs. and over, 15¢; spring chickens, 2 Ibs. and up, 13¢; old, FORSIers: Je. t 0 strictly fresh country run eggs, 13c; each full case must weigh 55 he. |8 gross; a net eduction of 15 cents for each 111 LL. Shse uber o 3 a will be made — No 1 PU 4 5 No. 2. Boas lac; (Prices Quoted wy Wadley Co.) ——————————————

U. S. STATEMENT

WASHINGTON, April 25 (U, P.).—Government expenses andr receipts for the Surrent xen Stat ao rove April 22, com-

lle: Barred

This Last Year Expenses ..$7, 397, or 998. 10 $6,041,014 eceipts .. 4 587.496.142.35 5 021356. 780.33 ross Def.. 2,800.795.785.75 1.019 458.212 89 Net Def. .. 2/773.488.385.75 961500462 69 Cash Bal.. 3004,544,102.92 2,819,142 999.22 ork. Bal 2.432.046 981 86 ob 283322 120:30 Pub. Debt. 40.040,959,293.08 37.565.036 609 68 Gild Res...15,647.871.587.33 i 847.432,420.27 Customs .. '250'740.708.01 308.757 638.37

INDIANAPOLIS CLEARING HOUSE

Eisarings REC ERC sear eee $2,796,000 Debits 6,233,009

FOOD PRICES

CHICAGO, April 25 (U. Michigan Specials, bu. $1. Oi Potatoes—Tennessee, bu, ham rs, Carrots—Illinois, bu., $1601.35, Spinach— Missouri, ood om se. Tomatoes—Florida, ugs, $1. auliflower — California, crates. ie 1.00 e-_California, hampers, $1.28 [email protected]. Celery — rida, crates, 3.85. Onion Market (50-1b, sacks) — Texas Fellow.” 3.300 128; | Rexas White : ; Oregon Ye Novarong R low Danvers,

EO. J. EGENOLF

MACHINIST 18); W. South LI-6212

=

AUTO AND DIAMOND

LOA ANS

20 Months to Pay

AN, INC.

THE INDIANAPOLIS TIMES

New Business Books Available at Library

The following new business books now are available at the business branch of the Indianapolis Public Library:

RADIO WRITING, by Max Wyliew “Radio Writing—thus far the orphan de of accepted literature--reacts o ds more fortunate cousins of the the sta and the novel, to ne! (rresistible forces of one ar ve ment a ane: tere is no substitute good writing

sym TIME AND MOTION W. G. Holmes — Those 3 DY aks decisions affecting the cos? f the product must be trained o think in terms of t ime, speed and Ronn ul accomplishment,

LAYOUTS AND TATTERHEADS, by Paul Carlyle and Guy Oring—‘Layout is the ‘way you say {t' — the means by whieh Advertising first see cures its reader

CAPITALISM wl CRISIS, by James ra=—If Sapitalism is falling, what are the reasons?

BEHIND THE COUNTER: A BOOK FoR, DEPARTMENT STORE CLERKS, mil yan Brusgeic “if there 3

such thing ‘key job’ in PARtment Nore, i is the sales clerk's. Nl

HOGS SLIDE TO NEW "39 LOWS

Weights Above 160 Pounds Decline 20 Cents, Others 5 to 15 Cents.

Hog prices at Indianapolis today slid to new lows since December, 1934, with weights 160 pounds and over 20 cents lower and lighter weights 5 to 15 cents lower, according to the Bureau of Agricultural Economics.

Top price on 180 to 200-pound hogs was $6.90. Vealers also showed a weaker trend with prices steady to 50 cents lower, most sales going at $9 and down. Top price was $9.50,

Calves—Salable receipts, 600; total, 600. medium to good a choice steers and heifers tail: weak to s ors 35 cents lower; load good 1130-1b. 10.25; load choice 675- 1b, fed at beef cows, mostly $6. Aen bulk plain and medium bulls, [email protected] Sheep—Salable receipts, 100: total, 100. ply mostly spring lambs, old crop offei quoted nominally steady or from down on shorn offerings and up to Yo. 30 and possibly above for wooled lambs; trading on springers extremely slow, outlet limited, few opening sales, 50@$1 low=er: extremely early top, $14; bulk sales,

12 down to : Fr. WA YN "April 25 (U. P.).— 180-200 1bs., a

Market slow,

25 cents lower:

46.30; s.. $6.35; 100-120 1bs., 86 oughs, 5.50; stags, $4.50: calves, $9;

PARA ETTE, April 25 (U. P.).—Hogs— Market. 20 gents, ove 200s Bnd 3

@8.8 200-25 In $6.50 down; roughs:

1b 6.30@ 6. 3. Xo Seo ‘calves, [email protected]; lambs

2%

PIERCETON FARMER KILLED PIERCETON, April 25 (U. P.) — Funeral arrangements were being made today for Ronald E. Werstler, 50, a farmer near here, who was killed yesterday when a team of horses attached to a disc harrow ran away.

a a ———————

INFLOW OF GOLD HELD AS MAJOR U. S. PROBLEM

Huge Bank Reserves Viewed As Cause for Decline In Interest Rates.

NEW YORK, April 25 (U. P).— Accumulation by this nation of approximately 58 per cent of the world’s monetary gold stock and continued flow of the metal to this country presents us with a “real economic problem,” the Guaranty survey, publication of the Guaranty Trust Co. said today. Pointing out that this country has been criticized in some quarters for taking so large a share of the gold, now amounting to $15, 604,000,000, the survey says: “A large part of the gold came here as a result of the movement of foreign capital, and that part of it which came as a consequence of repatriation of American capital and of our export surplus in commodity trade certainly reflected no desire on the part of the United States to increase its gold stock at the expense of the rest of the world. “The huge bank reserves due primarily to the gold flow are among the factors that have caused interest rates in the United States to decline almost to the vanishing point.”

More European Capital

Arrives at New York

NEW YORK, April 26 (U.P.).— More than 72 million dollars in foreign gold landed here yesterday as the capital exodus from Europe continued unabated. It was understood that about $48,750,000 of this metal was con-

of wheat, and 26 cars of oats. Pv ny around two double-decks of | signed directly to the New York orn lambs were on hand. One| poderal Reserve Bank and the balsold fully steady at $9.25 with 25 ’ CHIC AGO GRA cents lower bid the 1 ance to private banks and dealers IN s on the remainder.|in this city. Opening prices today on the Chis{apet Top Ropts.lApril Top Rept, cago Board of Trade, as reported HE £8 TAS 10386) 39 8 20 1300 by Thomson & McKinnon, were: cor 180 DGET A ....0 TAS 11,780 0 . 7.20 8611 2 .... 6.90 5344 May July Sept. AM... 18 NB hy 0 Barrows and Gilts | Packing Sows SRR @. $.67U@ 61% 8.68% @.683 | Good and | 275- 350.8 6.30- 6.50 Corn— Choice... 30- 450. 6.20- 6.35 i. aotiedon soumsonl Tan: 180° S30: 8% Medium So Oats— 180- 200. 6.85- 7.00 425- 550 5.60- 6.26 80% 8% 218% 300- 310. 3 0- 3.80 Staughter Pigs CLEVELAND, April 26 (U, P.)— A aso: 200: gad: 6.80 100° 140 $ 8 25-6. k The nation’s steel mills have HEAT . 838 edium words Oly Shain, elevators are paying for No. CATTLE (Receipts, 1365 Irimined opersting-rates:in accord LR d, Soe: Sther Rrades on thelr merits. | Chol ls ance with smaller volume of new 60, . 0. 2 yellow, 43c. Oats, 8 Bo mn $10.18-12.28 alan eights 1.50 | DUSINESS but, while operations are . 1100 He: 18 it > Bi 6.50. 725 expected to slow further this quarLIVERPOOL WHEAT Prev. | oi oad Cut. com. ee 6.50 | ter, there is little prospect of an May, old ....8 10a § 610% § B10, &a90,| 150-900. 9.50-11.00| AN weights abrupt collapse, the magazine Steel May new. . 2834 3814 ‘58! ‘59 eo: 130. .30- 11.3 Choice ..$ 9.5 550 said today AR J 60! 1, - + 8.50-11. ao0- 9. Ta Oe i ib A Sih 1300-1500. 9.75-11.50 Medium B30: 880| Last week's steelmaking rate was Cull an ted at 50.5 per cent of capaMedium— repor Pp p common. 5.00- 7.00 1 130- 10. 3.30 330 Calves city, off 1 point and a new low ur tock S CI onolReceipts, 889) (for the year. That represented an Gomon, PIM 280- 400. § 8.00- 0.00 18-point margin over a year ago, TR 2 00 . = the smallest year-to-year gain of Hi « b5.00- 7.00 Alum Co Am . Se we jas On onvige Heifers Common 5.00: 6.00| 1939, «20% A JOY ues Feeder and Am Soar 2 YN 1 19% Cee $ 0.78-10.75 Stocker Cattle an pmo ait aoa Ta eel) | LOCAL ISSUES Atk N Gas 3h 34 Ee cue [JON 300. 9.00-10.00 "550. 00. $ 9.801100 Ark N G cu pf. 71, a Ta Va poo. | 0. 8.25- 0.25 coo, 1050. 9.5 00 The following uotations by the Indian Cent St Elec .. lq a ih. Com apolis Bond & sh re Cor 0 not repreShes Serv 82 fla 8le ¥ B 350- 900. 7.00« 8.25 Gone 0 900.. 8.75- 9.50 ph PACLUA} bids Share but merely ies ret pt’ 50, Na: Ng — 900-1300.. 8.75~ 9.50 indicate the approximate market level reole Pet. dd at spt sees Cows Med 8.00- 8.75 | based on buying and selling quotations of Ea Gas & el 1% 1% 1% ve. |Good ...8 7.00- 8.00, Common 7.50. 8.25 Feteny sransuctions. EIBIQ SN hol oi 2% L000 [Medium €30 700) Heifers Auto Tovest Corp Stocks oo A B ' - ce— |AUto Invest Corp _.......ees < achavd we 16 16 ie * 1a fommOn fw 8.50) Good 00 8 7.50- 8.25 | Belt RR & Stock Yds com. «81, 33. Hecla 78% % 73% - V4] & cutter. 4¢.25- 6.00 Common and Belt RR & Stock pfd Ceaveaes 31%a 3412 Imp O Bn, v 15% 15% ist = 4 00 Cnedium. 6.00 7.60 Cent Ind Pow 7% ........... 3312 36% Lockheed AIF 0 24a 931% 338 — in Home T&T Ft Wayne 7% 50a 53 NaLP &Lpt. 78: 78 TAL 4 1 SHEEP AND LAMBS (Receipts, 150) [Hook Drugs Inc com ....... 1 N 5 Zin 51% 51 51% + i; (On shorn basis) Ind Gen Serv 6% pfd . Jo Am Bat, t 53 53 53 - Ye 1 ambs Ind Hydro Elec 7 Ey ec G A [WY 3% 3h 4 Wy Goo 4 $ 9.40- 9.60 Ind & Mich 79% pfd ... Poanrona too 0 WD ThE 2 Geel gecesi? R00 S30) Indole Water, pid ou Pitts P «93 23 03 — 1% | Good and MEGININ eevee 1 a'50- 8.50 Indpls Gas Co .. Std Oil Ohio" vo J8Y 18% IBS 4 VA COMMON Lo ererricniiny .. 7.25- 8.35 Indpls P&L 6% 1p Sunray Oil .... 1% 17 1 — Y OMMON (.isssenie ies TELE) au . Indpls P&L 6'%% pf ¥ Taggart Cp 3a 3, 5% + Ewes jincoln Nat Life Ins Co com.. 27% 30 Technicolor coon IT 1% 17% «ov | Good and choice «.$ 4.50- 5.50 N Ind ob Se a vee 2 81 n 8 ; p DIQ «ovens : . Un Lt & he A In in Win «ive |Common ana medium ...iee.. 3.00- 4.50 ING Blip Serv 70s pd oe... 90% 93% aay — Progress Laundry Co com - i 13% Pub Serv Co of Ind 6% pfd.. 30%2 Chi CHICAGO LIVESTOCK Pub Serv Co of Ind 10 pid. Hi in 01a 0 n g -0 P seen cago Stocks ogs—Receipts, 13,000; market active, | Union Title Co com ve 23 28 “ v to 10c lower; top, $7.10; bulk good|T Haute Elec Co pfd ... 99 h Low Last and choice in 250 1bs., 3% [email protected]; 260-| Van Camp Milk Co . 63 Adams Oll & Gas ..... 0% “6% “gi|380 ibs. [email protected]: 260-340-Ib. butchers, | Van Camp Milk Co. com. /iiii .. 10 {Chgo Towel ........ ‘ 681% 68'c 6B, ie: sq: 75; good 350-550-1b. packing SNS, Bonds Comwitn' Edison .. . 26% 268% 26%, | [email protected]; extreme heavies at $5.75 down. 1 06 00 Elec Household ..... “yg Bp 2% attle—Receipts, 8500; calves, 2000. not | Amer Loan §s 3 ddd or TY 1o1v Fuller Mfg CO ....eee. 9° 93, 2a, enough done on fed steers and yvearlings|Amer Loan bs wea 3 2 iv Gen MOtOrs .........cvs 41% 41% 411;|t0 make a market; bidding 50c lower: Citizens Ind ol is OL isis 2 1 3 Hibbard S & B wos 35 35 Prospects 25@50c down on yearlings and | Crabbe Roynol ds- $222) or 8 33 ]0 Jarvis W cieaes 22% 221% 291, light steers; ” 26c lower on weighty | Home T&T FF 35: urs 3 3 Midl Ut 6 pr lien ...... 3 3 32 | bullocks; these comparatively scarce; pros- |Home T&T Ft w 6% 43 ..... 104 1 9 Midl Ut 7 pr lien a3 3 3 |pective top around on weighty | Ind Asso ToS 2 85 vores 105% 107%a Midl Ut 7 pf A . or 83% 3% “a, | Steers, with relatively little above $11.50; [Ind Tel oo 60 TA M "ij Nat Standard 16 16 16 '|largely $9611.25 market, with bulk unsold; Indbis Rai ways Ino Vg 6 8 No'west Banep ......o... 7% 7% 7a. | fairly active trade on other classes: heifers | Indpls Water 332% €6 ...... 9 i | steady to 25c lower; best light heifers, | Inter Tel & Tel 5% 53 ...... 98 0 $10.50; several loads, $106010.25; De BO ao 58 --101 101 ng at « cows very scarce, steady; ° . 7 FOREIGN EXCHANGE eS cin buns and vealers:' weighty | Morris 5&10 Stores 5% 50.... 9912 102%; NEW YORK, April 25 (U. P.).—Fo sausage bulls, $7.36 down: velers, $8506 | NICE, Hosiery Mills saa. ET ing re noon cable rates on major How Won on weighty Kinds; few’ $10; light kinds, Noblisville HLeP 6Y2% 4 1004, i 4) rencies: Cable Rates Net Ch Sl Rec 8000: late Monday fat|Qiho Tel CoO ..........ccooen. 2 England (pound 4.68 5-18 --.00 1-16 She Roce wer bulk woolskins, $106) | Public Tel Co 415% 5% vi eine wn 330 ing. (60-day bl Tate) ER 9-16 4.00 1-16|10.85; best available, . to ia Richmond Water Wks 5% 49. 108 a 105 anada (dollar) 99a —00 1-16 | lambs, $0.35; five doubles good 65-1b, Cali- [Seymour Water Wks 57% ‘49. , 103 France (franc) ..... «02685 +-.0000% | fornia spring lambs, $10.3 hn ‘sheep | T Haute Water WKs 5% . .. 100% 102 Daly (Mra) ...coic0 . 0526% --.0000'% eak: today's trade slow; undertone wea x Haute Water WKks 6% 49.. .102 105 Belgium (belga) ..... . 16854 —.0000% |to lower; bidding, [email protected] on good to|Tract Term COTD .........c.. 66 69 Germany (mark) 4012 4-.0002'% [choice wooled lambs now held $10.15@ | Market By Invessment Corp...19.94 20.15 Seimany rave) mrk) 1 oogi, [10.35 and better; undertone weak y M. P. Crist & Co.) (franc +. Holland {mulder) Joos SH 15a 2 | slaughter sheep. reden rona) ua. « 2413 -.0002% Norway (krone) ...... 2353 +. / € i NE it Li" | OTHER LIVESTOCK || Corn and Wheat Region Spain (Franco veselay J3YVe Dl... CINCINNATI, April 25 (U. P.).—Hogs— . Salable receipts, 2100; total, 2100; hold- : LOCAL PRODUCE over 110. Marke! Jfeneraily os 5 hos Ofticial Weather ‘satisas most good ge SOWS By U. S. Weather BUres tam Heavy (breed hens de: heavy breed Sos Salnble receipts, 430; total, 480. —April 25, 1989

recipi State of

Stations High Low Prem weather Notre Dame ..... 58 0 PtCldy ANROIA .....vvves 8 55 0 lear Wheatfield ...... i 4 50 0 PtCldy Rochester .. 9 57 0 Clear Marion .....ivvee 40 0 PtCldy Lafayette 79 59 0 Cloudy Cambridge City.. 81 45 0 Clear Columbus «e.ciue 84 51 0 Cloudy Vincennes ....... 81 60 0 Cloudy Paoli ......c0000n 83 51 0 Cloudy Ft. Wayne ...... 18 58 0 PtCldy Indianapolis’ 81 60 0 Cloudy Terre Haute .... 82 60 0 Cloudy Evansville 64 0 Cloudy

* TONIGHT «x

BENNY GOODMAN

with the world's greatest swing band AND

JOHN MERCER WFBM —8:30 P.M.

FOR

Camel Cigarettes

UNDER STATE SUPERVISION—DELAWARE AT OHIO :

ON THE

TONIGHT 7:30—Dick Powell, WFBM. 7:30—Information Please, WENR. 8:30] McGee, WIRE. 8:30 y Goodman, WFBM.

President Roosevelt will make his fourth speech of the month at 9 a. m. tomorrow, CBS-WFBM, when he addresses the White House Conference on Children in a Democracy. He will talk to the conferees and nation from the south portico of the White House.

The President is honorary chairman of the Conference on Children which is bringing leading educators and child welfare experts from all over the nation to Washington. Mrs. Roosevelt is honorary vice chairman. Secretary of Labor Francis Perkins is chairman and Miss Katherine F. Lenroot, Department of#Labor Children's Bureau head, executive secretary. » 8 8 Chancellor Hitler's speech to the German Reichstag on April 28 in reply to the President’s peace message will be broadcast by the American networks. The speech is expected around 2 p. m. (Indianapolis Time), but that may change. Recently the Columbia network devoted three hours of short wave programs to letting the censorbound European nations know what had been happening in their countries since the Roosevelt message. The broadcasts in French, German and Italian were timed to hit European listeners between 3 and 6p. m.,, their time,

o ” ”

Secretary of State Cordell Hull will talk at 8:30 o'clock tonight on Mutual from a Red Cross banquet at the Hotel Mayflower in Washington. He will be introduced by Norman H, Davis. » ”

PAGE IT

Hollywood's jitterbugs are touting

a new swing orchestra, said to be &

cinch to break into the network pro= grams this summer. The band is Matt Malneck’s (there are differ= ences of opinion on how he spells it), a group that swings without getting as noisy and boisterous as most of the rag cutters. Several sponsors are reported considering the .o6re chestra as substitute for vacationing comic stars. ” » ” Alice Roosevelt Longworth and Arthur Krock, two figures distine guished in the Washington scene, will brave Clifton Fadiman’s ques tion fire at 7:30 tonight, NBCe WIRE, on the Information Please program. Mrs. Longworth, daughter of Thee odore Roosevelt and widow of Ni olas Longworth, is prominent. in Washington social life. She pubelished her reminiscences in 1934 une der the title of “Crowded Hours.” Mr. Krock has been chief of the New York Times’ Washington Bl reau since 1931. ” ” o

Three men—one of Hollywood's producers, the only prisoner to escape from Devil's Island and reach the United States alive, and the chief clerk of the Chicago Mare riage License Bureau—will tell their inside stories on the Inside Stoty

:

program at 9:30 o'clock tonight, -

NBC-Blue. Sol Lesser, who helped put Baby Peggy, Jackie Cooper, Jackie Coogan and Bobby Breen before the public eye, will describe the talent school racket. Sidney Summerfield, chief clerk at the Chicago Marriage License Bureau, will talk aboub Cupid’s work in the Windy City, The third guest, Rene Belbenoit, fue gitive from Devil’s Island, will res late the story of his escape. 2 » 2

THIS EVENING

(The Indianapolis Times ts not responsible for inaccuracies in program ane nouncements caused by station chances after press time.)

INDIANAPOLIS INDIANAPOLIS CHICAGO CINCINNATI WFBM 1280 WIRE 1400 WLS-WENR 870 WLW 700 (CBS Net.) (NBOMRO) (NBC Net.) (NBC-MBS) 4:00 ues, Refore Senate Ensemble Augsburg Choir Hannab digo Ton Tune aon Boeri Rar: : 0 wingtime Jae 8! . 4:45 » » Vaughn De “Leath Ruth Lyon News 5 J 5:00 hrist. Science Spelling Bee Don Winslow Don Winslow 5:18 owle Wing Govt. ports {oleolm Claire Rita Rio’s Or. 5:30 Jordan Gons. Piok Traev Rollini’s Or. aker & Denton 5:45 Rhythmaires Soy Lowell Thomas - 6:00 News Easy Aces Easy Aces Mr. D. A, 6:15 Syncopators Varieties Lost Persons Varieties } 6:30 Secon Husband Qsear Shumsky Sports Unannounced 3 6:48 ewspaper of Alf News Inside Sports =~ 1:00 Big Town Johnny Presents A Rendezvous Johpnie | 7:18 as Way o * Magic Hour » A 7:30 Dick Powell Men's Program Information Please Men's — ! 7:48 " ¢ » 3:09 We, The, People Orumit-Sanderson True Stories Crumit-Sanderson : 3:50 Goodman's or. Fibber McGee Red, Cross Fibber MeGee > 9:00 Conservatory Bob Hope Chi. Congress Bob, Hope 9:15 : “ Smoke Dreams ’ wi 9:30 Jimmie Fidler Dance Time Inside Story Unannounced 9:45 ‘Teachers’ Fed. 1939 Champions ” so Smoke Dreams$ 10:00 Amos & Andy Mr. D. A, News Peter Grant ~~ = 10:15 News Baseball Herbeck’s Or, Snider’s Or. ! 10:30 Roller Derby ews Brigode's Or, Lewis’ or. 10:45 _ Calloway’s Or. Herman’s Or. i " . 11:00 Malneck’s Or. Recordings Recordings Ellis’ Or, 11:15 Strikes & Spares ud os a” ” ¥2! = 11:30 Barrie's Or. ’ i » ” ”» Moon River 11:48 ” Shaw's Or. 8. Smith’s Or, 4 ’ WEDNESDAY PROGRAMS DUINATLIS INDUSATOLIS INANARGLIS CTADAAE | Net) (NBC-MBO) (NBO-MBS). | 6:30 Early Birds Devotions pu rim Holiness Checkerboard 6:48 WY Cw Markets ing Along Don and Helem § “ » kfast Jam Fime to Shine - 3:9 hy Tunes & Tips = ast Pater Gram 7:30 " “ . ° Checkerboard Caravan, ) 7:48 wp "w wv Breakfast Jam i 8:00 Richard Maxwell ews Over Coffee Cuns Paul, Allison . 8:15 vrt & Marge Dessa Byrd Top o° Mornin ng o Town . 8:30 Hilitop House Baby Rulletin Barham Footlights Sreaitass "Cab 8:45 5 Apron Strings Conn Quartet Devotional Gospel Singer 9:00 » Pres. Roosevelt Central City Reflections Once Upon Time _ 0:18 Farrell's, Kitchen Other Wife ‘harm House Meet Author : 9:30 Plain Bil Shut in Friends Julia Blake =] 9:45 Stepmother Woman in White Wirge's Or. Central City i 10:00 Roundup David Harum Kay Bartlett Linda’s Love 10:50 patsreced Waa wg Ba Publie Library Yo ae 18 e er Brown , 10:45 Life Stories Editor's Daughter Castletime Road ot Life 11:00 Mary McBride Singin’ Sam Noon Rhythms RO Neile Nile Farm role Ln a School for Brides oD Nal ils mp 9 Tee Farm ‘Hour Bov Greets Girl Farm Hour : rket: Kings of Strings ne 13:98 fA Program rae Friendly Five Parm Naws 12:30 Bohemians WIRE Reporier Market Yoice a i arm 12:45 Manhattan Voice of nk Sleepy * Hollow appy mans 1:00 Lew White Betty Matin nee Path 3 & Bob 1:15 Dr. Susan _ G nr Be Diuenter Indi vii 3 Eal's Dasghter 1:30 School of Air Valiant Believe in ndiana Valiant Lad 1:45 3 '» Betty Crocker Betty Crocker “0. Pianorams Mary Marlin 318 Navy"Pape Eee Parade Bhnthmaiers Ma orks - 2:30 Serenade, Baseba! Guiding Light "8:00 Fact Finder Backstage Wife Unannounced Mad Hatterfields 3:08 WPA LL Stella Dallas fbrayaya Club Ajatines 3:30 Bohemians Vie & Sade Band Box Beau u ® 3:45 }_ Bluegrass Girl Alone Hawaiians y Keene . “a0 Baseball Believe eve In Indiana Hannab vg Besgbal. : Sheriff’ Bob 4:30 Home Edition ’” Jack Armstrong’ 4:45 . if Vaughn De Leath ’” 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. i CBS—WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. ' MUTUAL-—-WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850.

CROSSWORD PUZZLE

HORIZONTAL Answer to Previous Puzzie 12 Subsists, 1,8 Pictured 15 The deep. Indian leader. 20 He works te - 13 Journey. gain rights 14 Uneven. for the we; 16 God of love. 21 Came to se® 17 Driving 24 Citizen by command. birth. 18 Force. 26 Low caste 5 19 Small child. Hindustan. 20 Insane. 27 A liar. . 21 Promise. 29 To exhaust - 22 Eucharist 30 Pronoun. vessel. 31'To leave. 23 Feather quill. 36 To rob. 25 Indefinite 38 Oleoresin. article. 43 Violent present day 40 Stake. 28 plission disruption, Indian ==, “42 Norse deity. age. 47 Sun god. 44 Coffin fram® 28 Musical note. 4g gjeepers® : ys Rca '45 Musical 20 He protests couclics Dunia. character. against 50 Pathway bee 2 Large wind 46 Cotton fabrig Wrongs by tWoen ay instrument. 47 Wrath, » 3 Ran. 48 Sound of 32 Cavalry corps. 51 Mythical tale. 4To imitate. contempt, 33 Peasant, 53 Agreeable. 5 To exile, 49 Sorrowful, 34 Jumbled type. $5 Betroths. 6 In line. 51 To soften 35 Channels. 87 This ——— 7 To plant. leather, 37 Southeastern. leader lives a 8 Microbe. 52 Kiang. 39 To rot flax, . simple life. 9 Fishing bag. 54 Bushel 40%u and I. 68 He is the most 10 To let fall, (abbr.). ¢1-Behold. famous of 11 Large inn. 56 Grain (abbr.} 2 | LL

RADIO ©

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