Indianapolis Times, Indianapolis, Marion County, 1 May 1939 — Page 16

Wp,

2 a pp

dippr——

STOCKS DRIFT

AY, MAY 1, 108

i“ Net AIMLESSLY IN High Low * Last Change Alaska Jun nO IN — Allegh Lud sti: di af of = llied_Sto! ™ is Ti — 4% |Auisenal’ © Noe: 1 3 i So m nN Mes a am 17 \ Fay. RE Bn he ‘eas e wean Am Pwr. I du fw Xm : . Am fl Mill 3 13 Be —- & Operations Restricted by Am Ther he Ie oh oy U t Anaconda, Ast t 2312 ne Re -_ 3 3 i Av rp « 8% y 53% ooo ncertainty of Foreign |*™"™ —ti i Balt & Ohlo.... 5% 3% 3% 4 W dix Avn .... 214 2 $1. i. Situation. Bona’ a HL By Soy IE Brewiy 2 Am. §8'a 64 BN i NEW YOR U.P) Kivn L as. 1 1" ite - 0 K., May 1 (U.P) —|Burroughs .. “ang 3 vers of ...... 38 “ 38 + 1% Stocks drifted narrowly around pre-| Byron PInekson 13 is IP ae vio ne of do us Closing levels today in one Cal Packing ve MY MN MN Wy the dullest sessions of the year. Callahan Zing 3 $ lumet & H. 3h 8% 5% + W Operations were restricted by con- Ch (Nv yo... Ny a’ a” 0 tinued uncertainty regarding the Colun [LN SN oa" SO eng European situation. Com Solvents, 10, Hy MC i U. 8. Steel opened at 45%, /cony Raion . 20% 2% 2% + a slipped to 45'¢ and then rallied to wont Bax ute Ne Be Be ri 45% where it was off 1%. Bethlehem cote ........... is 9% 4% = | doubled an initial '¢ point loss and Crane & 8 Ba BP an IB then came back to around its open- | | Grown Cork.... 2813 Nx Ae + ing level. Chrysler slipped more) = : oh than a point and then wiped out Detre & & Co 3%: Nb DH 1 sees virtually all the loss. General Mo- | tors recouped an early setback. C BOdA cc cMM8.. M8 8 «= W%) Bond trading tapered off to the! Eh oe a ™ ge gi oo lightest level of the year in fore- le noon dealings and prices drifted ir- mpeg wat 8 A... 1 1 Yas regularly lower. Scattered selling in the domestic (Gti Baking .... S% 3% 8% «0 corporation list disclosed a scarcity |Gen i 2% 8 2 — B of offerings and most pivotal issues | Gimbal Bros 3G Ho 1% 1% - af recorded narrow losses. Rails showed | Goodrich ..... ‘ 3 13% 15% — i declines extending to almost a point, | Goodyear ...... 234 2}, B+ while utilities and industrials gen-| [Grand Union J og RE sey | grally limited their losses to minor grathound ©p.. 19% 11% 13% + "| ractions. sre | U. 8S. Government bonds were: Inter R T...... gh 8 + MW . 4 : 45% 45% — mixed. Two issues touched new jus pap at ae in = | record highs on gains of 1-32 and ut ae Bi a " 9 HM =i 13-32 point, while elsewhere in the | a group small declines were recorded. | gennecott 3M 3A { 34 98k wa Curb stocks were mixed as trad- [Rice SS ..... 33a 34h HR = % ing dwindled to the dullest pace of [Kroger G & B.. 23% 28% 23% + % the year. Only 17000 shares &F % . ‘ changed hands in the first hour, [lehman o.oo got | Whe N% — W Industrial shares generally were Manatt Sue ... 1% 1 UM = % firm, ‘with several showing fair sized Mo 3 = 5p i 13s I sey gains. Standard Steel moved about Nonsanti i’ B 120° 119% 119% F la|w a point higher. American Cyanamiad Mont ht vad ‘3 "uu 44% iin — B, Seversky, Lone Star Gas and|Murphy G : 54 MM Xn Niagara Hudson Power advanced —N— fractionally. Natl Cyl Gas... 83, 8% 8% + %

Among the issues selling lower were Arkansas Natural Gas, Bunker Hill & Sullivan, Pantepec and United Light & Power preferred, all of which lost EE

TOP HOG PRIGE RISES 5 CENTS

Weights Above 160 Pounds Share in Advance Here Today.

Hogs weighing over 160 pounds rose five cents at Indianapolis to-

day, while lighter weights remained stationary, according to the Bureau of Agricultural Economics, Top price on 180 to 200-pounders was at $7.25. Veallrs sold strong, but prices held about steady with the top at $9.50. Not enough fat lambs arrived to tset values,

CHICAGO LIVESTOCK

Hogs—Receipts, 13. 900; market, mostly steady with Friday; weights 230 | ibs. down getting best action; top. $7. freely: Rx good and choice 170-250 1bs., | $6.907 : 260-290 libs, $6.7066.90: 300 | Ibs. up. NY 16.70: good 330-500-1b. packing sows, $5.306; lighter Kinds up to! $6.25. few 525- 600-1b. Sows, $5.25 5.50. Cattle Receipts, 12,000; calves, 1000;

active,

steer trade very slow; undertone 25¢ oe er. few early sales strictly good and | choice weighty Kinds about stea ady; this] hardly a criterion of = general market, { however; early top, $13.25 paid for weighty) steers here of value to sell ato

5h I$ yo) Jittle 30; bulk of guality and conditio bring [email protected]:; yearlings scare, Bd ever, few loads light cattle, $11@12; best heifers, $10.50; siz able run fed heifers ; this class lookin barely steady to 25¢ lower; cows and Bulls fully steady: 2 vealers weak to 235c lower: $10 paid sparingly, weighty sausage bulls up to $7.40; cutter cows, $6 down; replacement cattie | in moderate supply: thin kinds steady; |

Heshy. feeders wea eep—Receipts, 10.000: fat lambs spring lambs opening slow: buy ors ena ing higher asking prices: undertone steady to stronger: talking around $9.75 10 on cod to choice Wooled lambs; best now | eld $10.254 10.40 and better; sheep steady | to weak: top 123-1b. California shorn ewes, $4.75; shorn native ewes down from $4.25.

OTHER LIVESTOCK

| copper exports,

| reciprocal taxation of Federal and

mmo

N. Y. STOCKS

B¢ United Press DOW-JONES STOCK AVERAGES

30 INDUSTRIALS

Saturday (oociiiiiiiiiia 19848 00% Week ARD ...iccciittiiinnaas 12180 a Month ARG (...oiieiiiiiiies 18208 058 Year ARO .....iiiiiiianaiss 110008 —119 High, 1939, 150.84; low, 121.48, High, 1938, 138.41; low, 98.93, 20 RAILROADS SAUMIAY ooodiiiiiiiiiaia 23.88 0.00 Week ARS .....ciciiiiinenan BA an Month ARO ......icoivnnenne N22 0m YOAr ARO .....ciiiviiiiniet 20.95 0.31 High, 1989, 34.3%: low, 20.14, High, 1088, 33.98: tow, 19.00. 13 UTILITIES Saterday occa 22.08 0. Week ARD .....ciiiiieniiies 2A 0 Month ARO ...iiiiiiiiiiiis 2230 400 Year Ago .. 80 0.10 High, 1989, ae: ow, 0. High, 1038, 25.19: low, 15.14. La + CNY 8 sera $ ; BE 3 tN 1334 — % Nye § & 2 20 0 = 1% Ys 3M HW 1 — 3% wo omnibus _...... Sa INN IM . Oppen Coll .... §'% 5'% 5% 3 { —Pe Pas ed ol. 9% Ts 9% — | Panhandle TR Te s+ Parami Pict . 8's 8% 8s ... Para Pict 2 pt. ly 9le 8a + MW Pathe Film 8% 8% 8% 4+ Mh Patino Mines. 9p Sly ly — 1 Pfeiffer Brew 83% 634 63a + 1% Phelps Dodg 31% 31% 31% -— 1} Phillips Pet 343% 343% 343 ... Pure Ol (((..c. ¥32 3a Sa a wf Radio sas ieRuey «83% 683% 63% — 1 MoE Fes, Pe ih UH TF § Richfield ofl .. %3% a es ae le Safeway 8 pf... 92% Be Na + WN St Jos Lea . 28% Ble Wily — Schenley Dist! 133% 13% 133 4 1% Schulte R EY la Ip g Scott Pap pf 114% 1143 114 4 33 ocony_Vacuum. 11% 117% 1% (oo outh Pac ..... 12 12 12 —_ 3% Spiegel Ine .... 11 11 11 cise Spiegel Inc pf.. 62 62 62 ; td Brands . 8% 6h 8% td O Cal _.... 26'2 26's 26% tarrett L 8 ... 24 24 24 tew War ..... Ts Ts Te I Texas Corp 363% 36% 36% — 3 Texas cult Prod 4p {ly 4 ii Tex G Su 2184 BTA 2M — =e Union Carb Wh OTM NM 4+ % Un Air Lines 9'a 9a 9a — 14 United Corp 21% 2a e382 aie United Cp ot 313 31% IN — 3% PIbORF ... 39 29 3 = US Rubber (i. 3478 347% 347% — 1% U S Steel ..... 453% 45'a 45's — Hi —We Walworth ..... « 5 5% Bla ini ard Bak 1% 3% 0% wn Wert a Bre C19% 19% 19% +4 Ya Woolworth .... 433%: 43's 43'a — 1, —e & wh ahh 332 1332 13% — Fonoy heet 32% 3p 322 —

® off best prices, and at the close

a3; | prices for the season.

International Ne Business Pi

ws Dominates cture in April

By United Press

April 1. Reconstruction Finance Corp. cuts interest rate from 5 to 4 per cent on business loans. Bituminous coal contract expires in Appalachian area; mines close with] 320,000 miners out of work. 3. President signs Government Reorganization Bill. 4. American Smelting cuts copper price to 103% cents from 11 cents; F. H. Brownell, head of American Smelting, says copper industry does! not look for war this year. 5. Peace conferences between C. I. O. and A. F. of L. postponed indefinitely. 7. California District Court of Appeals in San Francisco rules closed shop contracts contrary to| public interest. 8. All stock market averages in Dow-Jones compilation break to new lows for the year. General Motors reports March sales at 182652! units, against 153886 in February || and 109.555 in March, 1938. 10. U. S. Steel March shipments of {finished steel 767.810 tons, against 677994 in February and 572.199 in March, 1938. Government proposes plan to barter our wheat and cotton for rubber and tin from the 4, British and Dutch. 11. Stock exchange seat $51,000, (off $5000 from previous sale and new [low since seat sold at same price [June 15, 1938, latter the lowest since (1018. 12. Sale of domestic copper made at 10's cents, off 4 cent a pound. Chilean deputies eliminate tax on substitute 10 per cent levy on profits. Dun & Bradstreet report March building at best level since 1931. 13. President signs bill providing

state employees. 14. President Roosevelt appeals to

Commission, | Court Justice.

succeed William O. Douglas.

Hitler and Mussolini for a 10-year peace. asks members for data on short sales of our stocks by Europeans.

New York Stock Exchange

15. Roosevelt sends telegrams to Hitler and Mussolini, asking for peace. U. 8S. Pacific fleet ordered back to Pacific. 17. William ©. Douglas, former head of the Securities & Exchange sworn in as Supreme Supreme Court upholds AAA. Roosevelt withdraws Thomas R. Amlie as ICC nominee. 18. Montagu Norman re-elected to

20th term as Governor of Bank of |;

England.

20. Custom smelters reduce copper to 1042 cents a pound, off 4

cent. Marinner Eccles, head of Fed- Mav New ... eral Reserve, advocates modifica-

tion of Silver Purchase Act.

21. A smelter cuts price of copper to 10 cents, off 4 and fourth cut since April 3 when it was 114 cents. House passes bill extending President's monetary powers to June 30, 1941, 24. Leon Henderson appointed to Securities & Exchange Commission which is still without a chairman to Steel operations 46.8 per cent of capacity, lowest for a full week since Oct. 3. British cabinet approves conscription. 25. Record peace-time British budget introduced. U. S. Steel declares regular dividend; reports first quarter net equal to 18 cents a share on preferred, against $1.22 on preferred in last quarter of 1938. 26. Stock seat sells at $60,000, up $0000 from previous sale. 28. Hitler turns down Roosevelt's peace plea. Anthracite contract, to expire April 30, extended to May 6. Gold stock reaches record high at

$15,714,000,000.

N. Y. Bonds

BUSINESS BRIEFS

Gilmer Richardson of Memphis, Tenn, a member of the board of directors of the National Association of Real Estate Boards, will speak on “Problems of the Realtor Today” Thursday noon at a

luncheon of the Indianapolis Real Estate Board at the Hotel Washington, 2 2

Larger quarters on the ninth floor

3(0of the Illinois Building have been occupied by the state offices of the 73 State Farm Insurance group, ac-

cording to H. R. Nevins, state director, Increase in business was ‘given as the reason for the move from the 10th floor of ‘the Lemcke |Building. The group is composed {of the State Farm Mutual Automo[bile Insurance Co. the State Farm |Fire Insurance Co. and the State Farm Life Insurance Co.

8 ” ”

The Indianapolis Railways Co. has been selected as one of the research centers for a nationwide accident rescarch program, ae cording to Merwyn A. Kraft, acs cident prevention engineer for the Ametican Transit Association. The research is being made to determine causes of accidents involving transit vehicles and to provide methods of prevention. # & #

Stanley Parker of Boston, Mass., general chairman of the Construetion League of the United States will be principal speaker at the dinner and formal installation of

officers of the Indianapolis league at

the Hotel Lincoln Monday, May 8. On Thursday, May 11, Nathan Straus of Washington, administra-

d | tor of the United States Housing

Authority will be principal speaker at a public meeting of the associaon,

RTT

a Repaired

CINCINNATI, May 1 (U. P.).—HogsReceipts, salable, 28: total, 3150; holdover, BOND PRICE INDEXES 380. Market fairly active, generally 156 0 20 25c higher. Top, $7.25: 375-300 bs. 87. 20 0 hy To los, Lay 946.50; most good pack- Inds. Rails, Utils, Bonds Cattle Rotors, salable, 700, total, 850. | Saturday ..... 83.8 561 100.1 9.3 Calves -Receipts, salable, 450, total, 430: | Week Ago .... 838% 51.8 99.9 94 ONY Se dlicher: pone load around (Month Ags .. 85.1 36.7 998 80.5 u -~ - 550-725-1b. fed heifers, $9 2369 an to &ood | year Ago .... 9.4 53.7 9168 TH Nh cows, $6.504 7.25; few cows. | Two Years Ago 91.9 95.2 1022 96.5 | 17.2 o% cutters and cutters, $540 1939 High 88.0 610 10 816 | 30: tical 1 $7.75 t sane : J d erp $§TRCUCRL ton bulls, $7.5" top’ veal-| jump how .... 832 325 ORF 8% | St Bhcen- ~Salable receints, 100; total, 100./193% High .... 81.3 0.0 99.7 83.0 Market slow, old crop lam} . x o % Weak to 25¢ lower. Spring. oly sh [1938 Low uuu. He 419 813 0% $1 lower. Some choice 73-1b. shorn fod | 1933 High .... 950 101.2 108.0 100.7 Western lambs BL city butchers, $9.50; few {193% Low ..... 80.1 69.3 92.3 81.1 C 0 Ss 1 . most quality offeri ngbrine Jambs to S12 (Copyright, 1939, Standard Statistics Co.) most slaughter ewes, $350 down; choice EE -. light weights eligible higher. U. S. GOVERNMENT BONDS LAFAYETTE. May 1 (U. P.).—Hog ma T Bond ket 2100 higher: 160- 200 Ibs. $6.95 REN reasury Bonds 200-260 1 $6.956 7.05; 260-335 ibs., $6. 0! High Low Last @6.90 HY £6.75 down; roughs, $5. 18 1as 1941 os .108. 8 08. 2% 106.25 own: calves, $8.50@9: lambs. nd 2568.7 As 1945-43 110.15 110.15 110.1 | FT, AYNE, MAY iv —Hogs 1943-48 ..110.30 110.30 110. 30 0 Steady: 180-200 Ibs. 200- 208 oe ORS | 3s 1933-49 105.14 105.14 105.181 80-180 1bs.. $5.00. 2. 240 Ibs. 86. 80: 940. 278s 1960-5 107.25 107.25 107.2 80 ibs., $6.73; 260- S80 1bs,. $6.70: 980: 300 2° Ss 1963.58 105.22 105.22 105.2 Ibs. $6.83: 500-325 Ibs. $6.80; 325.350 Ibs. FOREIGN BONDS $8.55. 140- 180 Ibs. $6.75: 120-140 1bs., $6.50: High Low Last! ia Ri Ba 50: Roughs, $5.50; stags, Argent 4'5s 48........ 91% is Sita 90; calves, $9.50; lambs, $9.75 Argent 4s 72 Avr a TT S74 i “| ATE Australian 5s B3......40 957 dle 2 | Australia 5s 3 siaesitas 953% 951% PY Chi S Belgium Ts 5 Liss 3, 1 iio razil S ais 20% 2 cago Ly tocks Brazil 6las 29-87. .1000 13% 13% 13'3 i Canada 35 a “is 103. 100%) ee ow t]CanaGa 3s 67 _....c.. 7 & Armour & Co hy 174 nas Denmark 4'ss 62...... 82% 823% § iH Bay Aviat 203; 203; {German Ts 49........0 20! 20 2 iss & Laug 147: 1433 /Japan 6'zs 353 ......... 79% 19% 9b Bruce E L . 1012 ;0'5|Japan 5las 65 ... 605: 60 603s Chie Corp 1% 1% DOMESTIC BONDS Comwith Edison PL J ADIEIDL 58M) 421s 42% 42% Dexter Co 3% ah am 3 Ss a {ooo 108 8. 19 " x 28 Bh. ent t “8 gt Lakeg Droes ia 222 Beth StL 3%s 68 ,.... 10212 102% 102% arshall Fiel 1015 10'4/Chi W Ind 4lis 62 90% 90% 80% idl Ut 7 a 2 2|Chi W Ind en 4s 52... 89 83 = 89 idl Ot 7p 3% 3; |Clev Un Ter 5'as 72... 81's 81's 8ils No'west aBnep 1 Ts m1, Cons Edis 3'5s 48 ..... 107% 10024 107% Swift : 18° 18° 18 °|Cons Edis 31os 38 .1.1108% 108% 108% Glad Radio Prod (ileee CIN 154 154 | Contain Cor 6s 46...... 10242 102.2 1 212 lgreeh Ciena Ta 174 17:, | Hoe Co 82 oo 89% 92 2 a int. T & 4's 52... 58 58 58 IRS ne Aa ‘ 100 1007s 1 va } To 28 “es 2 bla 2 FOREIGN EXCHANGE ¥ Cen 4128 ian’. 48% 3 ged | Barm ce r 8s vat B NEW YORK, May 1 (U. Pp.) .—Following | Penn R_R. 33s 30 «+s: B35 86 88 are noen cable Yates 2 major currencies: | penn R_a'ss Dw “ + 2 32s 13 able Rates N e 28 0 108% 534 534 En land 8 goouna) $4 684 : et Change Se ab Air Lin 68 45 ... 5% 5% 57% | Rada aa Tv r.) 2.81% ce ~.. !Stan Oi 13% 3s B1.. 13h 1010 194 4 na (do at .99 19-32 +. -32| Wabash! 1st 35s a 3078 § 8 ance (france) .. .0265 3 : ie Yng S&T 4s 18 ev....101'2 101% 101'2 ly ral oo DacE%h 1.500014 nm i iin um (belga) .. .17 : & many (mark) © 4014 oon LOCAL PRODUCE y . . - J Sha franc) .2256'% — 900014 Heavy breed hens, 13c; heavy breed Jang (auger) . 3331 —0022 broilers, 42 Ibs. and over, 10c; hens unKrona) .. .2413 4.0001 er 4'2 Ibs. ldc; Leghorn Hens, 1l¢; rway (krone) 2353 10000% [Barred and White Rock, Springers, 213 mark (krone) . 2091 +.000° ~ [1bs. and over, oT; colored springers, 3s (France py Gn2w% 00 CL + {1bs. and u Leghorn broilers 2 Tbe, and over, fie: spring chickens, 2 ibs. and over, 13e¢: roosters, 7c 19: 1 aipely Jretn FUR \ egES. c: each full case must - SEE FINAL EDITION gross’ a net deduction of 1 ents for each oon case and t Rie I ue made. utter—No, 1, 1 ¢ OF THE TIMES 21; Butterfal—No. 1, 18¢: No. : 1e. FOR (Prices quoted iy Wadley Co.) $ CHICAGO, May 1 Ap ichigan acinfosh, bit 16 110. Tes eet AND oletoes. Shresse Bu. ham No Sn ac Ca foo TRE ee ato CLOSING STOCK ori ale Seis” Ha cites A HE QUOTATIONS EN et h ul

WHEAT PRICES SOAR 2 GENTS IN GHICAGO PIT

Heavy Profit-Taking Sales Cut Nearly Cent Off Prices at Final.

CHICAGO, May 1 (U. P.) Wheat soared as much as 2 cents on the Chicago Board of Trade today as continued dry weather in the Southwest increased fears of serious crop damage. Outside markets were also strong. Heavy profit-taking sales in the final hour knocked almost a cent

wheat was up 3% cent to 13: cents, May T47¢, corn was up 3% to % cent,

May 483, and oats were a to % cent higher, May 31%a. Opening quotations in wheat

were unchanged to 3 cent lower, but a forecast of fair weather in the winter wheat belt together with reports of further deterioration of the crop stimulated active buying. There was considerable short covering and stop-loss buying on the way up as prices reached new seasonal highs. The May future set a new peak since last July. Practically all North American markets registered highest wheat

Bxport business in Canadian wheat was estimated around 500,000 bushels, The United Kingdom and China each bought a cargo of Aus« tralian wheat over the week-end. A constructive factor in the local wheat pit was the lack of deliveries of grain on May contracts. Liverpool wheat closed 3 cent to 14% cents higher, while Winnipeg was

NAPOLIS TIMES

National Debt Listed Among Great Works of Nature; Still Gaining

in June, 1031.

ASHINGTON, May 1.-—-The Government debt is something like the Grand Canyon, Niagara Falls, or some other great work of nature. It can be studied from all kinds of angles, and you are always seeing something about it that you never noticed before. Uncle Sam started to go in the red in the fiscal year which ended He has gone in the red every year since then.

By BRUCE CATTON \ Times Special Writer

And

proximately

reported today.

Unemployment,

Workers in

more than a cent higher. Traders expected private crop estimates Tuesday and Wednesday to reflect recent crop losses. Corn developed a firm tone after a weak start under May liquidation. Strength in wheat encouraged active commission house demand. Local shippers sold 200,000 bushels of corn. Local grain receipts included an estimated 237 cars of corn, and 52 cars of wheat.

CHICAGO GRAIN

Opening prices today on the Chicago Board of Trade, as reported by Thomson &McKinnon, were:

May July Sept. Wheat— S33 @.781% $12 @.V13% [email protected] Corn— JAN AS @.493% 50% @.501% Oats— S114 201% OR Rye— A214 Ae A57% WAGON WHEAT City grain, elevators are paving for No. 1 red, 72; other grades on their merits, Rh corn, new No. 2 yellow, 44c. Oats, C. LIVERPOOL WHEAT Pr rev. oh Low Close Close May Old ....§ 3 i? 8074 $ 625 § 613% 8 a 59% A 587s Chheees R014 as 820, 62 Su ver ceies B83) 631% 643, 64%

Corn and Wheat Region Official Weather

By U. 8. Weather Buren cc

—May 1, 1930— Precipi- State of

+ Stations High Low tation weather Notre Dame ..... 60 35 0 Angola... ..iiuc 61 30 T Clear Wheatfield ...... 64 29 0 Clear Rochester ....... 68 30 0 Clear Marion ....00000 68 32 0 Clear Lafayette 5 38 0 Clear Cambridge City.. 70 31 0 Clear Columbus . 75 38 0 Clear Vincennes ... ‘ 45 0 PtCldy Pao citreus NH 4 0 Clear Ft. Wayne ...... 64 36 0 Clear Indianapolis 72 39 T Clear Terre Haute .... 76 42 'T Clear Evansville ....... 2 48 0 Clear

BUSINESS MAGHINE SALESMEN MEET

Times Special NEW YORK, May 1 -—Twentytwo hundred members of Interna=

ganization from all parts of the United States and 24 foreign countries opened the annual convention

Hall of Music at the New York World's Fair. Thomas J. Watson, president of the company, presided. The opening session was to feature the installation of officers of the IBM 1938 Hundred Percent Club of sales leaders and executives, and the award of the Watson World Trophy for the best individual sales performance during 1938 to John W. Abegglen, of Sacramento, Cal,

DAILY PRICE INDEX

NEW YORK, May 1 (U. P.) —Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press:

tional Business Machines Corp. or-|go Ri

of the company this morning in the 2026

335,000 FIND JOBS IN MARCH

Unemployment Declines for First Time Since Last December.

NEW YORK, May 1 (U. P)) —Ap335,000 found jobs during March, the first month since last December in which unemployment declined, tional Industrial Conference Board

The authority estimated total number of persons employed in this country at the close of last month at 43.901,000 compared with 656.000 a month earlier and with 43,671,000 at the close of January. The improvement in March lifted the level of employment to around the level of September last year, meanwhile, dropped 2.6 per cent in March to a total of 10,428,000 compared with 10,709,000 a month earlier and 10,641,000 at the end of January.

the

emergency labor force, estimated at

since both receipts and expenditures for the next fiscal year—the one which will end in June, 1940--have been fairly accurately estimated, it is possible to figure out the totals for the entire 10 years— the deficit decade,

Expenses Exceed Income

During those 10 years, the Federal Government's revenue from all sources—income taxes, customs taxes, internal revenue levies, processing taxes and whatnot—comes to $41,033,000,000. The public debt at the end of the 1040 fiscal year will stand at just less than $44,5600,000,000-——sub-stantially more than the entire Government revenue for 10 years, which gives you an idea of the time it will take to get that debt wiped out. During those same 10 years, while it was collecting 41 billions in taxes, the Federal Government was spending $68,312,000,000, not counting what was spent on debt retirement. Expenditures exceeded income during the decade, then, by something more than 27 billions. Ordinary operating expenditures for the regular Government departments took $6,747,000,000. That is what you might call the cost of

individuals

the Na-

43,-

paid balance of the last war, and so on. It is a lot of money, but it is only a tenth of the total ex-

Government

say:

such things

Whiteman

ON THE RADIO

TONIGHT practically nothing to the imagina- §

6:00--Al1 Pearce, WIRE. 6:30—Margaret Speaks, WIRE. 7:00—Radio Theater, WFBM, 8:00—-Guy Lombardo, WFBM. 8:30—Eddie Cantor, WFBM.

Once a year in every man’s life there comes a day when he must “It's Later Than You Think.” It happened in many spots yesterday when Daylight Saving Time was ushered into cities throughout the country. Indianapolis doesn't fool but changes in the times of some of the leading broadcasts should be noted.

On CBS-WFBM

been moved one hour earlier except when the sponsors thought it would be too early to get good audience response, in which case they will be heard here on a later rebroadcast at 9:30 p. m, Model Minstrels on Monday, on Wednesday, Brown on Thursday, Burns and Allen on Friday, and Johnny Presents on Saturday.

Lum and Abner

9:15 p. m. spot on Monday, Wednesday and Friday. NBC-WIRE will set all their network programs an hour earlier except Jack Benny, who broadcasts later at 9:30 p. Vocal Varieties, which move from their regular Thursday niche to 8:30 p. m. Friday.

” ” When Dr, Peter

chief television engineer, was asked to develop a special technique to simulate a theater performance for television, he inven tor,” which is now being used on regular broadcasts as well,

The reverberator

cast even more “lifelike” by imitating the acoustics that, up to now, have not been found in some proThe result will be a “con-

running the Government, exclusive | grams. of military preparedness, uvelief,|cert-hall” effect emergency expenditures, the un- 8 =»

m. Sunday, and

with

programs have

These include Paul Joe

will take a late

8 Goldmark, CBS

ted a ‘“reverbera-

makes a broad-

_ PAGE 15 -

tion of the listener. Dr. Goldmark will be heard on CBS-WFBM at 3:45 p. m. today. He will speak on “Television” from the Adventures in Science program. ” = 2 Coincidentally RCA-Victor put a television set on the market which will be offered for sale today at $130. The set shows an image about the size of a postcard. That leaves nothing but the problem of $130 to the listener. WJJD in Chicago is inaugurating a program today designed to enter= tain home-going motorists. Inter= spersed between shots of popular music will be hints about road cone ditions, general driving and safety. The broadcast might run some thing like this: Hold tight, tight . . at the next corner nid time will be exactly . . . Look out for that bump T get along without you very well . There's a gray cat creeping up on your left flank, Don’t let him pass you . , « This can’t be Jove; ecausy ooo # ee Because Cecil B. DeMille will he on tour with Union Pacific for a couple of weeks, Leslie Howard will direct the Radio Theater uring that time. At 7 o'clock tonight, CBS- WFBM, Mr. Howard will direct May Robsol. in “Lady for a Day,” the com comedy and tear-jerker that d them all in the aisles a few years ago when it was a movie. Rv stars are Guy Kibbee, Warren Wile liam and Jean Parker. 7 2.2 8 = ¥, Opera fans will have to twirl the dials a little more energetically to= night to hear a “streamlined” pros duction of “Faust” at 9:30 risk Best bet is WGN. Attilio Baggiore, formerly at La Scala in Milan, will sing the title role. Kathryn Witwer, Chicago City Opera soprano, will sing Mars

that will leave 8

guerite,

# =

“

THIS EVENING

(The Indianapolis Times is not responsible for Iiaceuragies in program ans

nouncements caused by station changes after press time

same address; no par value; leum products; Aaron Helen Curty, Ww. V.

dent Ne dress: capital stock

value;

Bdward G

goods: B. Neal

Donald

Wabash; resident ag

0 Mossier, K.

Gardner.

Jessie

nt Harrel 1500 s

capital stock, Fred Easton liminary dissolution.

North solution

8th St., New ert C. Bulleit, New A'bany: capital par value; Jinnufact Charles C ert C. Butiert

U. S

Albany;

(1930-32 Average Equsly 100) SAUrAARY ««.coiuviciiiiiioss 10480 WEEK 880 «...viivivesssevees 103.1 Month a80 «c.uviiiiiiisiiie, 10301 YOalr a0 o.oo. siuensaes 101.06 1939 High ‘(March 6) seca 106.47 1838 Low (April 13) ....ev.. 103.17 Am Oven B.. Jlish a Past Changs Am Lt & Tr. Ed in 14% ... Am Re ‘ 9-1¢ 5.18 sae ATK N Gara’ Yin m= ta Ark cu pf i 5% Le Bath Ir Wks 6 6 6 — la Bunker Hill&S. 11 11 11 — Cah arconi 1% 1 1 - lp Childs 307 30% 3% .... Col O G 233 25% 2% o.oo El Bd & Sh ... 3 5% 04 oie Fruehauf Trail 16! 33:2 162 .... ft A&P 1 pt 128 1 3a 128'2 «ius [fnd B Ling... 6 OT ockheed Air .. 243; 2H M3% .... lag, H PW... 8% % Sou + % 0 4 ‘a 8 sea TE 33s i oat yy Un ! 5% Pela | % 2. + Ww oa v Pees Wright Hatrg in Ta Th Simonizin Your car washed, Simoniz e¢leaned, Simoniz waxed and chrome polished, only ...... NAVARRE BLUE POINT a MADISON

AUTO AND DIAMOND

LOANS

20 Months to Pay

WOLF su SUSSMAN, INC.

Bdward G

abash Homes, Inc.

Bei

d Food Lockers, Ine. Bloomington; Young,

nSemipgton, LB

salty Corp., Ohio Valley Commercial Co,

resident agent, Union National Bank Bldg.,

ford

capital stock, retail and wholesale

Hilfiker Farhitat & Piano Mart of Indiana, Inc. Merid dian 8t., Indianapolis;

1000

to manufacture and sell pianos ahd other’ musical instruments and Foenold

reth,

720 ent,

hares

food storage; Lyle J. Fowler, Joe Hamros, Mumford Realty Co., Indianapolis:

stock, urin

fiscal year through April 28, par with a year a 2 mae nti fg sedi (R FOR Net bet FRI) 33.934.08 La Ra ON LL Cash Bal... 3,048,735.575.55 2, 102 303,393. 2 3 puny eb . ain o. 943.00 Late 88. oo. Gold .15.776, oa. 904.25 12 A 348.04 544. i Customs: . '268,100.329.50 303 3030 070.29 INDIANAPOLIS CLSARING HOUSE earings ......... NP SENN, h 3:38) 000 C J th R E LR: i | Debits BERS EEE LAE EEN ve 620,000 ime tor your new. ELINED Men's LEVINSON g= EPAIRED a $9 $295 $350 Women’s EFITTED AILOR Clothes i A R RY TAILORING CO. LEON 235 MASS. AVE. LEVINSON

Hereth

Morris ler, same address: capital stock, 500 shares f $100 par value; real estate; Morris S. tman, Leonard

Indianapolis;

w . Orbison, Rob-

S. § STATEMENT

WASHINGTON, May 1 (U. P.),—Govern- | ment expenses and receipt for the current

1000 shares etroarah

Curry,

NEW TIME

CBS—WABC, 860; WIR, 750; WHAS, 820;

KMOX, 1090; WBBM, 770. -

reat: TONIGHT

, same ad-« shares no par

CROSSWORD PUZZLE

L. B. Heréth

N. Wabash St., 8, Moss

EDDIE CANTOR

Camel Caravan of Fun

WFBM 8:30 PM CST

resident address; value;

same no par pres dis-

802 RB. Rob=

Ine

250 shares no ood products;

IY TIE LIANE

MACHINIST

“a

pike dest Loan ere SE

GEO. J. EGENOLF

1814 W. South LI-6212

LOANS =

130 Ky. Ave. £215, Senate—233 W, Maryland LOT LOW RATES GARAGE

OIE PELL WEEK LL Ag

LR Ti

25¢ $1.25" BR LET GAS & OIL MYLES NODGES, MGR

on on Everything!

Diamonds, Watohe: Watches, Autos, Cameras, Clothing, Shotguns, Ete.

HORIZONTAL Answer to Previous Puzzle teams, : 1 Pictured ball 12 African tribe, 8 Turn of a a mM 15 Opposed to baseball tearm PA BARE yy S085 = at bat. 0 Scoring play 13 At all times, NURM in baseball, 14 Rings. 21 To slash. 16 Tune. 23 Parsonage © 17 Native metal. 0 house. 18 Animal 25 Baseball 19 2000 pounds. thrower, - 20 To hurry. 27 Artificial sille,y 21 Policeman. [ 29 Plural of thaty. 22 Ever. = 31 Breakfast =~ 24 Fiber knots. food. nig 26 Alleged force. 33 Ready. “ 27 To manage. 43 Of the matter. 62 Failures to hit 35 Silk glue. WE 28 And. 44 Pronoun, baseballs. 38 To steal Fo 30 Tone B. 45 Tennis fence, VERTICAL 41 Harem. en 31 To sup. 47 Flour box. 1 Verb, 44 Dispatch, = 32 Tea. 49 Emissary. 2 To eschew. 46 Farewell, = 34 Sharp. $1 Auto. 3 Withered. 48 Spikenard, i 36 Subject of a 52 Tatter. 4 Before, 49 Hardens, - = talk. 64 Carved gem. 5 Dress cover. 50 Bard, 7 37 To pierce 56 Aurora. 6 To vault, 51 Chet, with horns. 57 To value. 7 Upright shaft. 53 Jewel, = 39 Kiln. 58 Angry. 8 Small island. 55 Mother. 40 Plural 50 Instrument, 9 Wood demon. 56 Silkworm. oy pronoun, 61 Baseball 10 Metal. 57 Road (abbr: ¥ 42 Neither. infield, 11 Baseball 60 While,

3,317,000 and represented by the|penditures for the decade INDIANAPOLIS INDIANAPOLIS CHICAGO CINCINNATI . : rks WFBM 123 1400 -WENR 78 Nea, the CCC and the Federal Many Money Outlets VEBM 13% NEE MBS) WViNe © Net.) 3 (NBO. MBS) rojects Works Program, are in-| What else, then? Well, interest|<Fos Ehythm Baseball _ Don Winslow Kitty Keene i cluded in the conference board’s|on the public debt—which stood at $13 Tors ine " nt Malcolm Claire Patricia Baws. 1 : ea ul es ome on win me ourtney’s Py "70 estimate of unemployment, $612,000,000 annually in 1030 and| gi{9 Be OL Shore Lowell Tor: Cw will be upwards of a billion in 1940 5:00 WPA Program Lone Ran er Divorce Orphans Baker & Denton = NAMED PUBLICITY HEAD —accounts for $8,045,000,000. 5:18 Sophie Tucker ¥ ¥ Diner Musio NEW YORK, May 1 (U. P.).—| National defense took $80190,- 3:30 ohemians Buck Rogers Song Stories, Front Page : Frank BE. Mullen, manager of the|000,000. Veterans’ pensions and|_% ews r Newspaper cience on March Inside Sports department of information of the|benefits called for $,050,000,000.| 8:08 Cayaicads Al Bearrh Sports 31 Prarie Radio Corp. of America, has been|The triple-A program runs tO] 30 Unannouncead Margaret Speaks Crime Reporter Margaret Speaks elected vice president in charge of | $3,820,000,000. Social Security ace| 6:45 Here Comes Bride : advertising and publicity of the|counts for $2,915,000,000. 3:00 Radio Theater Hour of Charm Your Health Phil Spitalny 3:1 company, David Sarnoff, president,| Railroad retirement funds took| Ji3g iin Duchin’s Or. Forum Ken-Rad bi announced today. $390,000,000. Refunds of tax and| 5:15 ” » ” ”» 3 i x [LOCAL TRIS SUShOS re Dos 2 Yo So a 000: 5:00 Lombardo’s Or, Contented Hour True of False True or False es 498. J wen overnmen J i] ”» ”" » » ”» ” "” % he LOCAL a dian. | EMployes’ retirement funds. Some| §:f§ Fddje Cintor Information Please Dr. 1. 4; Cnannaanced apolis Bond & Share Corp. do not repre-|$171,000,000 went to settle various “D0 Amer 5 Daly Mr DA Catholic. Bobet = Indledte the Wpitoximatt market "ieve} | VAL claims, to meet commodity| pi% fam aber Baiebu Herbeckis “Or.” | Spotl based on buying and selling quotations of | credit losses, and so on. Supple- 230 Minstrels News, ° Hines’ Or. Heidt's Or, Tgoen; transactions, mental items account for $180,- EO cks Bid Ask _ " 110:00 ws E. Roger's Or Recordings Peter Grant Auto PL or RE 71 9 |000,000. 10:15 Noes Or, > 5 » . n ¥ Snider’s Or, : elt RR & Stock Yds com.... 51 We've got a lot of figures SO [10:30 Baseball Carter's Or. ir ” Lewis’ Or, tah Belt RR & Stock id sesso BB 10: 8 Fields Or. 4 44 8S. Smith’s Or. os h * Cent Iud Pow \ his y 33 far; but when you lump every=|: 3 . ome T& Ob. ..v BOY - ? ma Hone pat Bo ane ess n 2 thing together you get only $40, in: wn Unannounced Recordings Duffey’ s Or. Ebner’s Or, wa Ing Gen ery 6% 515,000,000 in spending for the|j;:zn ”» ” ” ” RKavelii's or. Moon Rivep » ne » ’ ”» 1 » ’ Ing &" len 10, ge oiz 08% decade, Where did the rest of it| 11:45 im Frasier’ Or. ’ 5 ndpls Water pfd ....icoiaa, 103 «» |80 EN Indpls BAL 60) pra |illllli00ve dogve| Well, public works gets $7,052, INDIANAPOLIS DAY ROAM is CINCINNATL °'- I ndbis P&L Slack pfa 0 103 000,000. This includes highways, WFBM 123 WIRE 1400 WIBC 1050 WLW 700 Rina Eup. Sore 20, Co com 8 3 |TVA, reclamation, rivers and (CBS Net), (NBC-MBS) (NBC-MBS) N ing Bub Lye Ye, nid, Cees 33a Beta harbors, flood control, public 4:30 Early Birds Devotions Pilgrim Holiness Don & Helen _- Progress Laundry Co Yeom 11 13 |buildings, ‘grants to various public mn — ug ots ; ae ne Lal RO CH u erv Co of Ind 67 pfd... 28 29 9 , unes & Tips reakfast Jam ime to ne > Pub Serv Co ot Ind Co Mold. 7 20 bodies, and a host of smaller items. 3:0 sh nes & Tip akfast Time 19 Spe x 80 Ind _G&E 4-8% pid ...... oF 97 Relief Costs Heavy? 7:30 HEED vo» nn Caravan Er Ghion "Tile Co com Evervivay R a8 There is unemployment relief,| 7:48 i News a Gospel Singer a ec 0 MMU sili & " van Camp Milk Co ......... 60 63 |which stands at $16,231,000,000 for 3:00 Rly Pi Central City foffee Cups i Central City wi Yan Camb Mik Congr *** + 10 the 10-year period. A breakdown| 330 Dior oes’ = Diher MWite Fashion Footlights Smilin ae iE on that shows that $4,048,000,000( 8:45 Stepmother Woman in White Devotional hoir Loft _ ..° Amer Loan 58 51 .....oioi0000 96 100 Amer Loan, 5s 8... ae 21th 101% was spent on direct relief, $7,198,000, 2:00 Mary aslor David Harum Reflections Linda’s Love tizens In e > ‘ ' cattergoo orenzo ne use Vic & Bade LEER 95 100 (000 on work relief, $2,550,000,000 on | 4iij gir*SIEeD Widoor Biowh Saati brads Yoeasonis : Home T&T P 8% 5 5 103 108 the Civilian Conservation Corps, 95 | Lite Stories Bulletins Raythmakers Road of Life =. Ing Asso Tel 6% 85 ws adalids 1052 107% and $2,435,000,000 on supplemental 19:00 Towertown Rhythm Rascals Kay Bartlett Editor’s Daughter ~ Ind eLC0 8% 60 oa NM .., |items in connection with the 10:13 Naney Aa ssn BYNE ob Stars Pes Ihe O’Neills fable Ware 31200 Ww a 100 vaLions Poet Seuvilies, ich 10:15 Hannan Kitchen Fitars s Love. - Sain ows Farm Hour ~ nter Tel & Tel 57% ee hen there is an em Which | j;.09 wn ’ 8 > TE Kk y 5% 58 ..104 n : Singin’ Sam Noon Rhythms Romo i 8 98 fol stands in the Government budget | 11:15 Bohemians Dr, Malone 7 » 5 Farm News NE, North Wn Sou FB 00% as wiowns, subseriptions to stock | Hi FUR nN gwen ms (Rel uncie Water Wks 67» 65 22 a ee: > py Natl Silk Hosier Mills 5s 42° 98 100 "| ete.” It runs to $3,339,000,000 for the| 75 0 a6 1A y =: Farm Bureau Bet Stri ty Ohio el Hi Las 6 er a 1001s decade. It includes a whole lot of 33 News ‘ Grimm's "Daughter Friday Five Betty rushter Public Tel Co 4'heh 58 ...... 97 100 |things— RFC, the Export-Im-|[!13: ohemians zilant Lady Slee ollow Valiant Lady a Richmond Water Wks 5% 40° 103% 108 Re ie Re Wis bor. edit 12:45 Merrymakers Church Hymns Markets Church Hymns Sevmour Water Wks 57% 49...100 103 |bor ank, e Lommodity Cr 1:00 Music Institut WIRE R t i M Mearli T Heute Water Wks 87 i log |Corp, the HOLC, the Farm Credit| js Cn el i Ma Petkins® race Ferm: Cory co 6 |Administration, emergency housing| 1:30 Headlines Believe in Indiana Peper Young Market St Investment x E op. 200m 20.22 Joans, and so on. 1:45 Varieties Guilding Light v . 5t & Co 2:00 Health Highways Backstage Wife Pianorama Mad Hatterfields There is also an item a 210| 35% chool Musie Stella Dallas Want a Job Club Matinee : million dollars which can bg charged 2:30 Bohemians Vid & Sade Concert Hour Beautiful Life INCORPORATIONS to the new national defehse pro-|_%:45__ Music Girl Alone da Woman Speaks. a gram, 3:00 WPA Program Midstream Unannonnced Unannounced ... There, then, is where your money| 3:33 Nt Swan Baseball Jillie Ring Rananl an x ’ ) J 9 318 es ’ T ic Moods D Winslow has gone during the deficit decade.| 3:45 wom s Fed "oon Master ‘Singers Vaughn De Leath > “ LaSalle Tavern, Inc., Ft. Wayne; dissolu- Wh is any Sommer is Jou. 16 Be 500 XN News, Win BD Cugat: s 01, Rity poems = Indiana Construction Co., Ine., 151 Ii ministration figures that abou 2] 4:30 T 8 Zazoszolop hy aces linois St. Hobart: resident agent, Ray-|billions of this increased debt has| 4:45 5 Tunes Rpt a Ola Refra os Dn Thomas mond Kostbade, Same ogddress: WCpitalioone into either recoverable loans SO EE ye} ren- and invesiments. or durable ime KEY NETWORK STATIONS (Subject to change): ey, J. P. Hosty, Kerrigan, rovements 4 MUTUAL—WOR, 710; WHK, 1390; WHEKC, 640; CKLW, 1030; WSM, 850, PE ry Nor pn 81D ho NBC-BLUE—NJZ, 760; WOWO, 1160; WENR WLS, 810; KWK, 1350. Pa : as NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920: WMAQ, 670.

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