Indianapolis Times, Indianapolis, Marion County, 21 October 1939 — Page 9

SATURDAY, OCT. 21, 1039

MOTOR STOCKS FEATURE FIRM

SHARE MARKET

Studebaker, International ! Harvester Up; Grain Is Up at Chicago.

By UNITED PRESS The stock market developed a firmer tendency today in volume double that of a week ago. Bonds were firm with U. S. issues and foreign loans higher. - Commodities were steady to firm. Improvement in the share market hinged on ‘the German statement denying further peace moves; receipts of the first big foreign war order—2000 trucks valued at $3,500,S003. La further business improveTruck Issues Stand Out

Truck stocks stood out from the , many rising to new highs on word that the French had placed the 2000-truck order. Studebaker opened 12,000 shares at $9.25 and then rose to a new high at $9.75, up 75 ‘cents. Other truck shares to make new tops were Mack at $31.87%, up $1.6212; Diamond T Motor at $9.50, up 621% cents, and White at $14.121¢, up $1.12%2. Clark Equipment, makers of truck parts, reached a new high at $33.62%, up $1.12%. International Harvester, also a truck producer, rose $1. Motors, ‘motor equipments and

8y United Press

li

High Abbott Lab .... 68 Abr & Silaus Bu

ams EXp aressoer aph.. 18 Aijr-Way ‘El ... 1 asks, Jun .... 8%

Corp 15% A! oEh c ot 330 17% \llegh ¢ ia $40 15%; A] eh fa Rd. 25% Allen dust 2

4 Am Bk Nota f he 8 Am Bosch Pe 7

im Gar & dy Hors Am Car & F pt 84

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nda 34 Anchor Hock GI 3h Arch-Dan-M. ... 32Y% mour Ill gi Armstrong Ck.. 40% ihoid - Const .. 11

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% Studebaker .... 9% 9%

%1A P&L 5 pet of 45

SESE [4+ 0 LH +H sneer

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DOO WO UDO walt

RRR RRR

Ys Esl Print ..... 135

COA TDI WO re. Fol HLH 4

81

15 MOST ACTIVE STOCKS Net Low Close Chose + % 13% — 15 0% 1y

High Com South .... 1% 13% Yellow Truck ,. 20% 20 Hayes-Body .... 4% 8% 1s White Motors... 143% 13% 14% 13% Gen Motors .... 54% 543% 5478 % Curtis Wright.. 8 "% 8 15 Nor Am Avit.... 25% 24% 25% 1s Repub Steel .... 27% 27 275 56 Flintkote 21 1916 21 13% Mack Truck.... 327 313g 327 25 U S Steel 7I56 16% TiS 1% Crown Cork .. 31% 29 813% + 38% 8 45 +.2 Wheeling Steel.. 35% 843% 85% + 1% Stock sales approximated 540,000 shares against 250,000 in the short session last week, Curb stock sales were 86,000 shares against 59,000 last Saturday. £5

tHE

: Net High Close Change rand Un pf... 17% 17 . iranite C Bt 21 2 21 + % rant W T . 34% 34% %|R Pero MY BEL 2 West duel! os : 32% 7 32%,

SEL oi dh Hh CU Te oR 8 os revhound C ut wn 24% 9 9

u M&No pf..

Q0QQA0QQQQE00

102%

Hupp Motor .. 1%

4 | Snider P

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS TOABY «vives icasssncsssosion 158.88 +0.86 Yesterday es000as000sss ses 153.00 0.36 Week BRO cccsecctosecssse 150.38 -0.47 +0.42 +1.96 High, 1989, 155. 92; Low, 121.44. 3 High, 1938, 158.41; Low, 98.95. 20 RAILROADS Today eet ssesesessasestosess +0.20 : -0.13 -0.12 Month 880 <cccceccscccccs +0.28 Year ag0 ..c..ccocccscccce High, 1939, 85.90; Low, 24.14. High, 1938, 33.98; Low, 19.00.

. 25.08 esassssscss 25.89 Week BRO cccccccccsnspocy 25.31 Month a%0 cecvcccecsscasns 24.63 Year ago .....c..... High, 1939, 27.10; Low, 20.71. High, 1988, 25.19; Low, 15.14.

Net wébn - High Low Close Change . 37 7 Ridhiiela 0 oii” oe al i ah hi% eras 20 +n

Safeway 46% 46 46 — Spam aie St 18 Tran ae 1 Savage Arm. © 20 20 20 eels Soheitley Dist «0 14 4 + %

Inc ...s0 i Ys Si uck . 1% i Ly ¥sunsbi 2 %

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DIANAPOLIS

FINAL NEW YORK STOCKS

LARGE RECEIPTS FORCE 15-CENT DECLINE IN HOGS

Top Price Slides to $7.10; Cattle Trade Nominal Here Today.

Receipts of around 2000 hogs at the Indianapolis Union Stockyards, augmented by holdovers of 576 from Friday's trade brought a 15-cent decline in all weights, according to the Agricultural Marketing Service. The top price, quoted on 180 to 200-pounders, dropped to $7.10. The cattle market was nominal, while too fey salable sheep were received to make a market, the governmenia authority said.

Repts.|Oct. SR nas 055 Sie . we tb i a54aien Barrows and Gilts Food d and

Cho! 2 180 “id $ 8.20. 6.60! 300- 33 140- 160. 6.35- 7.05 - 7.10|Gi

Top Recpts. 7.40

6.10- 6.30 5.95- 6.20 5.75- 6.00 Siaughier’ Bike

0 Medium 250- 500°, 5.35 6.05 6.35- 6,50/ 90- 120.. 5.75- 6.20 160- 200. 6.10- 6.85 : gaughter Cattle & Vealers (Receipts 75)

Bulls teers (Yearlings excluded)

Choice— sef— 700- 900 $10.50-11.00 Good ...$ 6.75- 1.25 5- 7.25

10.25-11.00 Sausige- po 6.25- 7.00

10.00-10.7 9.50-10.50 and ilany 5.25- 6.25

900-1100. 1100-1300. 0 1300-1500. 9.75-10.50] Medium.

LOCAL BUSINESS

Officers and directors of the Memorial Park Cemetery Co. were re- | elected at a recent meeting of" the stockholders. They are Edward J. Hecker, president; William Boehning, vice president: Robert E. Bastian, secretary; H. H. Woodsmall, treasurer, and K. Jeffries, Frederick E. Schortemeier, William Gale and H. H. Woodsmall Jr., directors.

Rosenstein to Speak

J. L. Rosenstein, assistant professor of psychology and director of psychological clinics at Butler University from 10-23 to 1939, will speak on “Psychological Fundamentals for Sales Executives” at a meeting of the Salescrafters Club of Indianapolis Monday at the Washington Hotel. Mr. Rosenstein is author of the

505 | book “Human Relations for Execu-

tives” and a series of pamphlets on “Human Side of Safety in Foremanship,” published by the National

es Safety Council.

Announces Home Plans

‘A plan to construct small homes on half-acre plots outside the city limits, each to be financed through small payments, was announced today by H. Schechter, general manager of the Congress Constrution Co. The homes are designed to fit incomes of wage earners in the $20 to $30 brackets, he Said. The homes can be constructed for as little as

7:00—Charlie McCarthy, WIRE.

££

TOMORROW

11:00—Radio City, NBC. : 2:00—N. Y. Philharmonic, WFBM.

8:00—Detroit Symphony, WFBM. 9:30—Information Please, WIRE. 9:30—Beethoven Cycle, NBC.

"GOOD MUSIC" By James Thrasher

Two great: orchestras this weekend will honor the memory of Lawrence Gilman, late music critic of

ardent Wagnerian. Tonight Arturo Toscanini will include the “Good Friday Spell” from “Parsifal” as a memorial to Mr. Gilman in the NBC Symphony Orchestra’s broadcast program (9 p. m.,, NBC-Blue). And John Barbirolli has designated the final half of tomorrow’s New York Philhar-monic-Symphony Orchestra concert as his tribute. This will include three excerpts from Goetterdaemmerung”: :- Siegfried’s Rhine Journey; the Funeral March and the Immolation Scene. This last will have Helen Traubel, soprano, as soloist. Mr. Toscanini’s program also will contain the American premiere of “Die Nacht,” a suite by George Templeton Strong, 83-year-old American composer. Mr. Strong is a native New Yorker, who has lived in Europe most of his life. The suite, which was composed in ‘1914, was shown to Maestro Toscanini this summer by Ernest Ansermet, the Swiss conductor. Mr. Toscanini liked the music and learning the composer’s advanced age, determined to play it on one of his early broadcasts. And here it is.

the New York Herald-Tribune and|

"ON THE RADIO

announced the “Tannhaeuser” Overture, the “Good Friday” music and four excerpts from “Die Meistersinger” to precede intermission. : Incidentally, it will be recalled that Mr. Gilman was connected with Mr. Barbirolli and the Philharmon-ic-Symphony Society as co-worker as well as critic. From 1921 on he had been program annotator, and he also served as intermission commentator for the Sunday broadcasts from 1933 to 1935. Pitts Sanborn, music critic of the New York WorldTelegram, has succeeded Mr. Gil. man as author of the program notes, 2 2 8 The second program in the Radio City Music Hall's Rachmaninoft “festival” tomorrow brings the listener into more familiar territory. For the Russian composer will be represented by his Piano Concerto No. 2, in C Minor, with Henrietta Schumann. Assuredly one of the most popular works in the piano-and-orchestra literature, this concerto possesses historical importance as well as beauty and brilliance. For this was the work which lifted its composer from a five-year period of melancholy and inactivity following the cool reception of his first symphony. It was only after a series of psy-chological-hypnotic treatments by a Dr. Dahl that Mr. Rachmaninoff regained his musical powers. The C Minor Concerto, written in 1901, was the first result of this new lease on life. In the ensuing years, . Mr. Rachmaninoff apparently has been too busy and too successful as composer, pianist and conductor to fear any recurrence of the malady.

8s 8 8

750- 900. 0

Asso “Dry ‘Gds. . gh a ‘ James Melton will be soloist with

4 682%, 62% 1 C Line .... 252 25% i Rening . 24Y, 24%, 1 Ref pf A +10 104% las Cor TD 81 tlas Corp it 8 40%

rubbers ‘made fractional gains. Chrysler was sustained by announcement conferences would be resumed Monday between company officials and the union.

Completing the program will be Prokofiev's Classical Symphony; the Fritz Reiner and the Detroit Sym= Brahms Double Concerto, with|Phony Orchestra tomorrow evening,

Mischa Mischakoff and Frank Mil-|- - - A program of Bach, Tschaikowler, the orchestra’s concertmaster|Sky and Trunk is scheduled for to-

[11 Central 11 Cent L L nd Rayon .... 28 Inland Stl .... 93% [nspiratn Cop .. 17% Insshs_c d 8 Inter R T

erchem

nu ) 28-10 HI wetter’ | $125 down and $15 a month, he said. 8.

» cholce $10.50-11.50 Curb Stocks /

Sehjsan pf ...

[+++ HHH HH EE HH — nN

.8.00- 9.50Common ‘an edi... 8.00-10.50 os) 7.75- 8. lca .00- 8.00

150-1100. 6.50- 7.75

fediume-1100-1300.

ter] Prod ..... 74

Steel Issues Advance

United States Steel at $77.50 was up $1.12%2; Bethlehem $91.50, up $1.25; Inland, $93. 25, up 25 cents;

Republic, $27.6212, up 62% cents, and |B

Wheeling Steel $35.37%, up $1.37%, the last a new high for the year. Aviations resumed their rise under the leadership of Douglas which gained $1. Curtiss-Wright equaled its high. Other war issues were firm, including coppers and rail equipments. ‘Wheat turned upward for gains around a cent in quiet trading on the Chicago Board of Trade. At the close wheat was up 7% to 134 cents, December 853 @8512 cents; corn was up 12 to i cent, December

49@487% cents; oats were % to % (Bk

cent higher, December 35% cents. Forecast of a drastically reduced

winter wheat crop, made by a private]

house, and continued fair weather in the Southwest were - bullish T:.ctors. The official outlook was for predominantly clear weather over the winter wheat belt during the coming week.

CHICAGO GRAIN

CASH

Wheat—No sales. Corn—New: Na Niised: 47%c; No..1 yellow, 8h ase, 2 yellow, is%2@147: oe; ya 3 yellow, hg 4€ Yc; rellow, 4412@44%c; No. 1 white, etic Bi TE i 46% @48%c; No. white, 61%; No. ¥

white 3T%c; 3 Nether No. 4 white, 35%c; Co a 6¢C. ye—No sales. S ST

@16 nominal. d, $6.65 nominal; loose, $6. 2a 5.50 nominal; bellies, $8.50 nominal.

RANGE Prev.

High Low Close close 85% $ 84% $ 35% $ 841% 84% 83%

.85 it 23% 82%

Wheat December

49 Yg y 48% 52 Bo. . 51% v 52% Oats— December 35% May ... 33%

5312 53% 53

October ..e.. ..oo oo... 6.65 December 68 L735 7.25

LOCAL GRAIN

receipts, 1 carload; No. No. 2 r red, 2 8215¢!

, 19%2 ~Sieads. receipts, 43 carloads; No. 2 yellow, 412@42%2c; No. ellow, 40Y2@41%2¢C; No 4 yellow, 39'2@ 0l2c; white corn §@10 cents over yellow; Hize corn 2@2 1, cents under yellow. Oat fa receipts, 1 carload; No. Tite, 32% @33%c; No. 3 white, 31% @ 323

WAGON WHEAT

Indianapolis | grain elevators are payin for No. d, 8lc: subject to marke change; other grade on their merits. Casa corn, new No. yellow, 452. Oats, 25¢

WINNIPEG WHEAT

en En ON To iy 3s * MOH ARC tH 16% JT%

U. S. STATEMENT

WASHINGTON, Oct. 21 (U. P.).—Government expenses and receipts for the current fiscal year through Oct. 19, com pared with a ay ago Expenses .. 18 , 1 Receipts ue ,338,72 ,400,44 22.6 1176.28 "442 188

Year

RRS

443.115. 3 '107,627.405.22

INDIANAPOLIS CLEARING HOUSE Clearings Sieve ise

FOR THE WEEK

esecsessssenane. $19,801,000 $52,198,000

BUSINESS AT A GLANCE =

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1 East 23.1 Lanes 23%

as r \viation Corp..

31d Lo

Neh = B ot ott 1 3jush Term .... 3utler Bros of . 3yron Jackson.. 1

Gallahan Zing... Calumet & H. Camp

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Jarvis Co Johns-Man Johns-M pf . Jones & Lgh 0 t 80 —— Kan C Sou .... 9% 9% Kelsey-Hayes A. 12 11% Kelsey-Hayes B. 1% oe

Loft, Inc Lone Star Cem Long Bell, A . 4Y fooss- -W Bit spf 107 Lorillard 227% Lorillard pf ....143 Lou G&E Lou & Nash.... 63 “e—M— 7

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LOCAL ISSUES

The following Stations by the Indianapolis Bond orp. do not represent acual Eo offerings, but merely indicate the approximate market based. on buying an and selling on 5: recent transaction

COND ©»=3 WWWO | fey

& 8 Belt BR & Stk Yds Cent Ind Pow 7% pf Home T&T Ft Wayne 1% oo. 6

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Auto Have Co Belt R]

0, P. Ind Pub Serv 8% pfd! rogress Laun Co com . Pub Serv d... Pub Serv Co of Ind 7% pha... So Ind G&E A 4.38% pid.... 95 Union ate Co com......

aute Van Camp Milk Co Van Camp Milk Co foil Bonds American Loan 5s 51 American 5s 46 . Citizens "rnd Tel 4158 61 I 10. Crabbe Reynolds Tavior 58 a8 Home T&T Ft. Wayne ob Home T&T Ft Wayn

Sere

PO HENS Las

34 | fac are chemicals one

Old First

Steers, Heifers Cattle. Steers

Mixed— Choi - = 500- 500. 9.00- 9. * 500: _150. 10.50-11.00 809-1050. $ 0-3 500- 750.

- Good— 8.25-10.50 5000 800.. 8.50- 9, Heifers 32011029 Choice—

750-- %00. 10.25-11. 50] 2560-1000.

Goo 750- 900. 9.25-10.50 So0- “on. ¢

Medium 500- 900. 7.50- 9.25{MCOUHm and. 50- 6.25 soo. = 8.25 TM} SPITES Sotoers) - ”. an 500 do wn § 9.15-11.00| C

7.50- 8.25|E

Mediu, Co 50- 7.00 9 down . 50- 9. M 5.75 6.50 > Caves ineiters) Cutter and

SLommon. 4.75- 5.751 38 do Sown $ 9.00-10.00 Canner flow Med cutter).. 8.75- 4.75) 500" own. 8.00- 9.00 SHEEP AND LAMBS (Receipts, 200) Lambs

Good and choice .......c.o000. $ 9.50-10.00 Medium and choice 00- 9.25

Ewes (on shorn basis)

: Good and choice ..... fv dues

Common and medium. .

Hos: — Receipts, 400; strictly good an choice too small to maki a market; undertone, steady; for the De hogs finished 5@10¢ higher, at $7.40 after $7.50 was paid; butchers|y Predominated with unusually attractive erop of 180-250-1b. averages; heavier butchers scarce; sows comprised 18 per cent of crop; butchery kinds sold up to $7; narrow price range on all classes of

0 Cattle—Recel ts, 1500; calves, 300; nominally Seedy or the week strictly grain | T fed 1150-1350-1b. steers again predom inated, with excessive supply of’ 1400-1650-lo. averages; all such kinds closing weak to 25¢c lower; strictly prime 1028-1b. yearlings topped at $11.40; Practical top on 1380-1b. steers was $10.90; light heifers sold up to $11.25; beef cows, 25c off; bulls pntisuany scarce, 25c¢ higher; vealers, 50c OWer. Sheap-<Receipis: 2000; nominally steady; for the week fat lambs and yearlings

Ya nostiy steady. sheep, Sifon to 25¢ higher; fe S, rs

I; op on native aid extreme close; bulk na$9.25 westerns $9.35@ 5: Bain Jeatiings, '§ [email protected]; top, 25 2%: Stop signslier “ewes, $4.25; best fee ng lambs, $

OTHER LIVESTOCK

CINCINNATI, Oct. 20 (U. P.).—Hogs— Salable, 4000; unevenly lower; weights under 180 lbs., lower; weightier puré ers. 30 @45¢ lower; top, 7.25: 250-275 hea $6.90; 140-160 lbs.. [email protected]; 1 $5.65 @6.40: most good Bika SOWS, S35. 50@ 6. Ca ittle__Salable, 00; total, 600; calves, salable, 300; ve slow; steers, scarce; yearlings and heIFers. uneven: merely good grass heifers, $8@8. 75:

trucked-in Jembs, 9.75; common and medium, . oe. $5.50 down: slaughter ewes, mainly

PT. WAYNE, Ind., Oct. 21 (U. Ho Ress, cents lower: 220-240 Ibs. 300-220 1 6:85: 240-2 180-200 lbs. .95; 16040-. 260.1 1bs., $6.65; 4280-280 $6.45; 300-325 1bs. ‘$6.25; 350-400 ibs. 6.60; 1bs.,

: 6.10. stags, $4.75: calves, $12; lambs, $9.25.

LAFAYETTE, Ind. Oct. 21 Hor Firket 10c lower: 160-200 96.4306-55 ies. 86.50 Tas, ate Sg $8 pigs ; down; calves, $10. 50% 11: lambs, $9.50 down.

INCORPORATIONS

Economics Lahoraton Inc., Delaware corporation; admitted to Indiana to manucleaning com-

P.).— $6 5;

pound >

Central _U. 8. Utilities Co., Ind;

Rising Sun State Bank, Rising Sun, reorganization; of $100 par value. O-Kay Gas and Oil, Inc. e, registration of _trade-ma i Hedy pt alte Premium’ Class 15; oils and greases. Commercial Printing Co., Inc., Muncie; dissolution. Wayne operagve Association, Inc., Richmond, amendment increasing common stock to 15,000 shares of $5 par value and other amendment. a Wiley Export Corp., Pt. e; amendment rat, capital LL A Too shares of $100 par value. y Gas and Oil Inc., Ft. Yayns: anendient changing namg of 11 Inc., and appoipting, ys ol 4103’ S. Indiana Ave ayn Ind., as resident agent. paations] Machine Co., Inc. nge of agent to Altfed H. haa ey Bldg.,, Wabash 2 Gas Master Distributers, Inc., 326 New York St.. Indianapolis; Agent, Frank H. Keppen, 3477 Birc wood St., Indianabolls; 0 shares of $100 ar value; Sealing gas machines, light: ng and galing equipment, Harry, Haynes ank H. Kepperi Bb ude M. Hayn Aero oil Corp., Ro N. Illinois St., 3 gianapolis: SEent John Sloan Smith, 5 Winthro Indianapolis; 100 \naves of $100" pa ‘value: potrolen m business; John Sloan Smith, Marie B. Smith, M. E.

Mogg. i ial avers 0 Economy Def rar

Wabash; Plummer,

1 ‘agent, Glenn A. Shmiey, 36 same a ire mae sh ar value; manufacture dental ai medic al suplis; Sem A Smiley, George

151 Am 50 Arl 00 8.25- 8.75| 5%

6.50- 7.50

Goo 50 lly sti 1Crown Dru

8. Common 6.25- 7.75 gut

CHICAGO T IVESTOCK I high C&N

salable supply 1

top closing | Nat

a Delaware | ] a withdrawn from iana.

capital stock, 400 shares

Net Low Phe Change 133% 34 ify 9-16 11-16 6% 6% — Ys 9 9

S . Cities Serv Colon Dev Ltd Loa

Ea Gas hg 1 Ba Stras pr A 33 Ye

1 El Bd&Sh 6 pf. 6 2 Ford Can A ... 17%

Ford M Ltd 2% Pusha! pel 2 i

: 12 44 T% .. 69 . 13% vee. 13 . 70% 44

FEREFRIESS AER SE SSNS SS

J Spinc..... 68 NY way Fh

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Shor win-W . Std Oil Ohio’ .e

To atcolor

SEEDED EERE LE LEE LE

Fy

iT 115 — Ys be 2 -— Ys

Un Lt & Pw Wright Harg .. 6%

Ch ioigo Stacks

ot 19% Cats Abbott Lab p. & Advance Alum 8 1% Am Pub Serv. DPE saves Armour & Co .. . "| Asbestos Mig aed Athey Tr 1 0 Sree Avia Basti Bend Bliss &

bulk common and |Chgo

Gardner- jenver Gen Fina Aevesanecee Goldblatt Pros . Gt Lakes Dredge ...... Harnischfeger, ..... Heileman

Roughs, $5.75; | Ill. Brick

Mar a rshan ®eld cevnnven d Rad .

odine

N Mid West tg. vo :

Nat en find of Noblitt- ig No A Cc

Signode St tines 19 gignode S8 Pf .cceveee 31% Stewart-War

County Farm Bureau Co-|Tran

LOCAL PRODUCE

Heavy breed hens, 12c; Leghorn - hens, 10c; Barred and White Rock springers, » |2Y2 lbs: and over, or colored springers 2% lbs. and up, Leghorn broilers, 3 Cc; 108i roosters,

18c; atl full case must weigh 5 gross; a net deduction of 15c for each full case under 55 lbs. will be made. Butte: . 314z¢; . 29%c. = Butterfat—No. 1, 27c; No. (Prices quoted by * Wadley Co.) i —————————————

FOOD PRICES

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