Indianapolis Times, Indianapolis, Marion County, 13 November 1939 — Page 11

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MONDAY, NOV. 13, 1089,

" Association of American Railroads

_ erful, speedier yet lighter locomo- |

diana between March 1, 1935. and

{. 2 See Final Edition : of the Times for Closing Stock Quotations and Other Late Nows

-lehem, while slightly above their

"dicted today.

. able to be

ADING DULL, PRICES ‘MIXED

‘ON. Y. BOARD

| All- Time Steel

Record Is Forecast; Belga Advances.

\By UNITED PRESS

Production Am Bol

a High Low 1% 134 13% . 19% $ 109 1 . 34%

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Line .... Aviation Corp..

Prices fluctuated over a fractional | area in dull trading during afternoon dealings today on the New, York Stock Exchange. | As the market turned “into the! fourth hour small gains and losses were about evenly distributed. Leadns issues . were slightly above the ows.

Meanwhile, lessening of tension in|.

the low countries sent foreign exchange ' rates soaring. - Belgian belgas were strong in contrast witin their sharp break last week Steel shares firmed slightly when the American Iron & Steel Institute announced operations this week scheduled at 93% per cent :of capacity. That indicates tonnage output of steel this week will break all records in the history of the steel industry. U. S. Steel and Beth-

lows, were about 50 cents net. lower each. Copper shares eased at the start and failed to recover, Aviations were mixed after a. firm start. Motors held about steady. Some of the rails, chemicals and special issues registered small advances. Lessened tension in Holland and! Belgium imparted a firmer tone to the London stock market. Trading volume was restricted, however. British funds hardened fractionally. Foreign bonds were little changed. Trans-Atlantic = issues generally were easier but U. S. Steel firmed in U. S. equivalents against the trend. Security prices. on the . Chicago stock exchange moved. higher in dull trading. A sharp advance in cocoa futures featured an; otherwise mixed trend in major commodity markets at New York. Cocoa scored gains ranging to 43 points. on an an-|

nouncement that the British Gov- | § ernment is planning to purchase. Gra

the entire 1939-40 Gold Coast cocoa | crop. ‘Wheat prices slipped off- a cent on the. Chicago. Board of Trade under selling stimulated by peace talk’ abroad, a reactionary trend at Ih

. Winnipeg, and prospects of some.

rain in the winter wheat belt later | 13 in the week.

TRADE NEWS

Adopt Research Plan

CHICAGO. Nov. 13 (U. P.).—The

has adopted a one year program of research designed to result in furher improvements in the construction of locomotives, cars and track, end in methods of operation. Out of the program, adopted at! the annual fall meeting of the group | here, is expected to come more pow-'

tives, lighter weight cars and better tracks and bridges."

Speeds Freight Trains

CANTON, O., Nov. 13 (U. P.).— Development of a new tapered roller bearing by the Timken Roller Bearing Co. will mean the eventual introduction of “one speed railroads,” W. C. Sanders, general manager’ of the company’s railroad division, pre-

The Sheed of freight trains will be stepped up to that of passenger trains through use of the new bearing which will eliminate | hot boxes and other speed restrictions resulting from friction, le said.

Bonds Total $93,786,100

Times Special WASHINGTON, Nov. 13.—United | States Savings Bonds bought in In-|

Oct. 31. 1939, have a maturity value of $93.786,100, the Treasury announced oday.

Steel Shipm os High

NEW Y Nov: 13 (U. P).— Shipments of finished steel products by Subsidiaries of the U.S. Steel Corp. in October totaled 1.218.545 tons, the highest figure for that month on record, ‘the monthly report of the organization disclosed today.

Aids Christmas Trade

NEW YORK, Nov. 13 (U. P)— Retail trade this Christmas may be| swelled by approximately a billion dollars due to observance of Thanksgiving a week earlier, than usual, the National Retail Dry Goods Association said today. The Presidential proclamation calling for observance of Thanksgiv ing Day on Nov. 23 will be followed | in 23 states; while 23 will wo! In the traditional day, Nov. 30. Two states plan to celebrate both days. |

New Mills Ordered

PITTSBURGH, Nov. 13 (U. Py — The Mesta Machine Co. of Homstead today announced receipt of an order from the Wheeling Steel Corp. for new mills and a revamping of old rolling units for ‘the steel | firm’s Steubenville and Yorkville, O plants. Although cost of the work was not revealed, it was estimated unofficially that the order eventuzily would result in an expenditure of several million dollars. -

FOOD PRICES

CHICAGO. Nov. 18 (U het 18 le Michigan Jonathan, (Dashed Sok 1.15. Potatoes—Tenn lla lta Sates she leo: @85¢c. Tomatoes 350 Cauliflower Peas—C

$3 Spinach—Illinois. pushel 2 “california. lugs $1.75

t “Yellows, 45@50c.

. sota Spanish, 55@60c

slightly | Sen

| Gen

Lehm Lily

for buyers to take complete ship-

es | production unchanged last week at alinish. | weekly tonnage on record.

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{DAILY PRICE INDEX

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“N.Y. STOCKS

(By United Press) : Net “Last Change | 2%

17% [Month Ago ......o.......... 15088

a Year Ago

, | Loft, = Lone

DOW-JONES. STOCK AVERAGES . «30 INDUSTRIALS Ho

Ta Year Ago 155.61 —2.80| High, 1939, 155.92; Low, 121.44. High, 1938. 138.41; Low. 98.95. 20 RAILROADS

Week Ago Month Ago ...

High, 1939. 35.90; Low, 24.14. High. 1938. 33.98: Low, 19.00. 13 UTILITIES

‘High, 1939, 27.10; Low. 20.71. ‘High, 1938, 25.19; Low, 135.14.

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WARNS STATES ON

BARRIERS. TO TRADE, »

NEW YORK, Nov. 13 (U. P.).— Interstaté trade restrictions have much the same effect as tariffs in curtailing living standards and retarding -recovery, according io a

study published today by the Pub-| Wh

lic ‘Affairs Committee, Inc. ; The pamphlet, prepared by F. Eugene Melder, assistant professor of economics, at Clark University, warned that the states must eliminate these trade barriers ‘or submit to Federal intervention. “If the states muff their chance by refusing to act,” Mr. Melder declared, “ultimately the Federal Government will be forced to act in the interest of national welfare and at the cost of states’ ‘rights.’ ” ‘Among the trade restrictions imposed by the various states Mr. Melder cited laws forcing state governments to buy home products and remploy home labor; - quarantine laws which exist solely to give preference to home products; conflicting state laws.on trucks which discourage interstate trucking: special taxes on chain stores and other outside agencies; “excise® taxés” on out-of-state margarine, and numerous special regulations. applying to out-of-state liquot.

U. S. BUILDING 1250 AIRPLANES MONTHLY

NEW: YORK, Nov. 13 (U, P).— The - American airplane manufacturing inddstry can now produce 1250 planes a month, and projected increases in Factory space will result in still greater capacity, John H.- Jouett, president of the Aeronautical Chamber of Commerce, asserted today. Mr. Juett reported that a survey of 43 airplane manufacturing plants disclosed that 23 were working on military equipment. He also reported that airplane factory space increased from 6,000,000 square feet to 7,025,000 square feet in the first six months this year, a 17 per: cent gain. During the same - period engine factory space:j increased 20 per cent, or 334,000] | square feet.

PREDICTS STEADY, & STEEL PRODUCTION

CLEVELAND, Nov. 1 ‘Nov. 13 (U. PJ | | No marked letdown in steel proce. tion is indicated with the turn of!

| the year, the ‘magazine Steel said | today. “Mills "already have. fairly large backlogs for early 1940 delivery,” the ‘authority continued, “particu{larly in flat-rolled steel. However, in event prices: are reaffirmed. for next quarter, part of the incentive

ment before Jan. 1 against old orders will be removed.” ;

The publication reported . steel 93 per cent of capacity, highest

NEW YORK, Nov. 13 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities | compiled for United Press 1930-32! average equals 100): Friday 2 cess ante es sn eeie 118.62. Week ago ... Month ago ’.... Year ago

11088

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8 Serve el Sharp & D Shell” Un Oil.

Stone & 8

| Tex Gulf Prod. Tex G Sul

* Un Aircraft eo. 471,

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PHILIPPINE’S GOLD TOPS 37 FIGURES

NEW YORK, Nov. 13 (U. P.).— Philippine gold production in 1939 will approximate $36,600,000 in valuation, according to Andres Soriano, president of the Chamber of Mines of the Philippine Islands, Who ist

4 1314 49

493,

Bidding Sure 35 Cents;

42 160-t0-180-pound hogs. 200 pounds upward.

“| ers was wiped out in today’s 50-cent

ha swe

A Slaughter Cattle & Vealers (Receipts, 1518) |

3 | Chole

~ 11300-1500.

2 | 500- 750.

% | Choice--750- £09.

:3 | Canner (low

4 Good and choice

3 | Good ‘and choi

PRICES LOWER AT STOCKYARDS

14,000 ‘Hogs on Market; Vealers Also Drop...

Heavy hog receipts brought lower bidding at the Union “Stockyards here today, the Agricultural Marketing Service reporfed. ‘Prices receded 35 cents from Saturday with all weights sharing the| €idrop. The top price declined to $6.40, quoted for good and choice The supply consisted chiefly in the weights from

’

Last Priday’s 50-cent gain in veal-

drop. Fat lambs were 50 cents lower than last week's close. A top of $9.25 on ‘the best native and fed, wooled lambs.

thNow.. 246] 10 7269

th... 3... 5vis| 13 .... arrows and Gilts | ! an Choice— | Eo 5.60- 5.75 D- 140 $ Sax g.00° 300- 330.. 5.50- 5.65 60 Fi 330- 260.. 5.45- 3.60 - 25 6 0iGood— - 00 8.35: ri 360- 400. . 8.30 6.40! 400- 450 . 825 450- 500 . Slaughter Pigs 5. 5 Medium and Good— 250-4300 . 5400-

| 5.50 6.15! 5.25- 5.904

Top Re s 630 3 oR “hi 6:46 13350

Packing Sows and $33

160- 200 90- 120 .

go. Sieers | Bulls | Yearlings excluded) 700 900 310 50-11.00; Good... $ 6.75- 17.2 900-1100. ai 00 sausage 1100-1300 » 75-10 Good . ..

. 6.509. 50-10. 3) Medium | | Cut

7.00 6.75

0 .. 9.50-10.50 ‘and . & 00- 3 50 5.00 C (Receipts,

Feeder, Stocker Cattle, Steers

750- 71100. : teers, Heifers lc 2 500- 00 1 3 00- 9. 500- 750. 40.50-11, 80 300.1150 9.00- 9. 00d— 9.50-10.50, 500- 800. .

Heifers

75 50

8.50- 9.00 8.25- 8.75

7.50- 8.25

Goo . 120d “200. 6.50- 7.50 iu

500- 900.

10.25-11.50' | 3o0-0bo 9.35.10.25] 200-500. $ jMeaiam and 7.50- 9.25! wood 8 3.50- 6. 25 alves steers : 6.00- 7.50! \Good and Choice |" 500 down § 9. 75-11. 00 R00 7.00 J 8.50 . own - Me . 5.25- 6 80 yes (hoiters) Cutter and . common 4.50- 5; 25/300 oo down $ 9.00-10.00 cutter). 3.50- 4.50! 500 nD. . 8.00- 9.00 SHEEP AND LAMBS (Receipts, 2389) Lambs

THE IN TANAPOLIS TIMES

~ RECEIPTS UP,

iley, it means that the coal from

HOOSIER FARM

50 receipts from the sale of farm prod-

$ 3 50- 2 2 Medium and choice 7.25Common . ..........c..... 0. 5.75 T %»

Ew. jou shorn basis)

3.00- 3.25 2.00- 3.00]

CHICAGO LIVESTOCK

Hogs — Receipts, 21,000; fairly active, enerally 25 cents lower than Friday; to

A Reel ts. 10,000: fat lambs opening slow; early sales and bids around Sleadyi good to choice native fed comeback “jambs. [email protected]: best held, $9.35@ aL alg better; sheep strong Rit oie Hative Pop $3. pest! eligible. .$4.50 and above: feeding lambs, steady: goof ontana white-faced I 15.000: 2000; bidding 25 cents or more lower on medium weight and weighty steers: few early Slee about , Steady to - order Juvers, but nough make a market and pracHonity all ids sharply down: strictly good and choice 'light heifer and ixed yearlings. 900 lbs. down steady: best mixed i offerings, $1085. but highly finished 13251b. steers sold at $10.50: several loads light mixed yearlings. @10.60, but bidding $10 downward on rank and file weighty hullocks: oe: vearlings scaling. 1000-1100 Ibs. weak to 25 cents lower: largely steer run, Son strictly grain fed offerings scaling 1bs. up predominating: stockers and I steady: beef cows scarce, but very week: bulls 10 to 15 cents lower at $7 down: vealers, 50 as lower at $10 down, - few . selects. $10.50.

"OTHER LIVESTOCK

CINCINNATI. Nov. 13 (U. P.).—Hogs— Salable, 400; total, 4775: slow, weights 160 Ibs. up unevenly 43@6se lower: ghter. 25¢

calves,

visiting : in this country. For the first nine months of this. year ‘output was at the rate of m $3,050,000 a month or approximately |

$27.500,000 for. the period which! topped the figure for all of 1937, he said.- It was 26 per cent greater than for all of 1936, when the Philippines surpassed Alaska and}, took second place, being exceeded: only by California as a gold produec- | 3 oe region -under the United States ag.

BANKERS SCHEDULE ‘REGIONAL MEETINGS;

NEW YORK, Nov. 13 (U. P.). —

the American Bankers Association: scheduled to be held this winter for bankers: of the South, East and West, will be devoted to further development of broad, efficient hank-

ing services to business and indus-| oe,

try, it was announced today by

Robert M. Hanes, Association presi- 1

dent. The conferences will mark the fourth successive year of the A. B. regional. conference program.

Following the first conference this|] winter in Richmond, the second and |N I!

third have been scheduled for New York City, March 6, 7 and 8. and Denver, Co Colo., March 21 ‘ang: 22.

(RAILROAD EARNINGS ESTABLISH RECORD

CHICAGO, Nov. 13 (U. P) ~Rail-| road freight traffic during September. established a record increase and earnings for the period swelled te a nine-year high, the Railway. Age said ‘today. Carloadings averaged ‘nearly 769, - 000 cars per week during Septem-

ber, largest for that month since 1930, except for 1937, the publication | Pub

said. Net earnings for September! 5 Ha

rose to $86,500,000, largest for any September since 1930, and largest for any month: Since, 1930, except October, 1936.

FOREIGN EXCHANGE

NEW YORK. Nov. 13 (0. P.. — Following are noon cable rates on nHajor cufreucies: ble on e England (nound) ..., | Canada fdollar) hi {17 ! France (franc) ... +.0004 Italy: (Mra) ......... Belgium Aga) as Germany +m . Switzerland rane). ve Holland ¢ ,e weden eae

a uoted | G Lhe"

| Auto Invest Corp

Sranoe-n | Hom e Tt Pt W. Home. T.

| lower: sows, 50c off: op. 3¢ 250 Ibs., 6.15; 100 -140° 1bs., ss 5@5, 5 i SOWS,

I5@5. Cattle—Salable, 1600: lore), 2 Calves, 400. Mid-session slow on good and choice Medium Feight and weigh steers. undere weak some bids lower; early action on light yearlings and heifers mostly steady; barely = active. firm: bulls barely steady: package lots choice ‘light yearlings. 0.25: * trucked. lots. 1148-lbs. fed steers, 3 5. Earlv bulk medium to 290d i eighty kind, $8@9: common and early top I ‘heifers, $9.50: bulk oT bulls, Sheep—Salable. 300. Generally steady on light supply. -Few lots good trucked in [email protected]: choice offerings absent on early a considered eligible to $9.75 and. above, common and medium, $6.50@

PT. WAYNE. nd. Nov. 13.40. P.) Hogs—25035 160-180 $6.25: fBg-300 iy Ye. 15° 300.220 1bs.. $6.05; 220-240 1bs., $5.95: 240- 260 0 Ibe. _ $5.85; 260280 Tbs 75° 180-400 1bs.. $5.85: 300-325 $5.55: 335-350 Ibs. = is: 350-400 1bs 5 535: 140-160 1bs.. $6.00: 120- 140 1bs.. 55.15: 100-120 . Ibs., $5.50. Roughs, $5.25: stags, $4.25; calves, $10.50: $ ,

lambs, The {ollowing 12 Jetasions by the Indianapolis Bond rp. do not represent actual a offerings, but merely indicate * the approximate market level based on buying and selling quotations of recent Benmetons Bid Ask TY ‘9

nd Gen Serv pf Indpls Gas goa ndpls Wat er ndpis ndp Ps

Progress Laundry’ pup Serv Co of pid... Bo Serv Co of Ind Foe ota. G&EA 3 fd : 91 Union Title Co Terre Hance B Elec Van: Camp Milk Co com Van Camp Milk: Co pfd

Bonds

American Loan g 51 American Loan izens Ind Ter’ 412s olds. Tavior. 58 5 21 ayne 5% Ft Wayne 6% 43.. Asso Tel 4%¢, 63 Ind Tel 5% 60 .. .. ndpls raalivay 3 ‘5% Inter T

¢ (Indiana in September, 63 > only $208,000 in September, 1938. So with this differential discounted the

| ernment payments were $12, 157,000

bs.. | Shearson,

* NEW YORK, Nov. 13 (U. P).—

Molybdenum i

Smoke Over

' By WALKER STONE Times Special Writer : BIRMINGHAM, Nov. 13 (U. P.). —Over this valley that is Birmingham hangs a pall of smoke, dense enough to slice. And that is how Birmingham likes it, in thick

slices and another helping, please. For when smoke is over the val-

the hills to the north and the ore from the range to the south have been brought together in the blast and open-hearth furnaces that make iron and steel; that ‘steel is paying full-time wages again, and ‘workers are paying their bills. ‘It will be quite all right with the people down here if they never see more of those fleckless, sunny days that became .so drearily monotonous in the early ’30s. This year’s private-industry pay-| roll, it ‘is now estimated, will top $130,002,000 better than .the $121;000;000 in 1929, and better than any

year except 1228. which reached al

peak of $160,000,0CC. Steel operat. ns are:at 95 per} cent of capacity. At this time last year the figure was 49 per cent. Tin plate, cast-iron pipe and -ll subsidiary and processing industries in this area have experienced a similar upturn. There are enough orders for steel rai's for full-time production a year ahead. : © . And—so the managers of Birmingham industries say—not even 1 per cent of this new activity is! traceable to war orders.. Moreover —say these same managers—they don't want war orders. They had some of that business 20-odd years ago, and when it was all over over there they were left with expanded plants, representing: tremendous in-

‘| SALES ADVANCE

September Recele Receipts Ahead, | But Nine-Month Total “Under Last Year.

Times Special WASHINGTON, Nov. 13.—Total ucts in Indiana in September were $26,310,000, an increase of $2,516,000

Birmingham| Means Sunny Times Again

vestimonis. ‘and the sun <lione down on smokeless smokestacks and lines of idle workers seeking credit at the company stores. The new boom in employment and: full-time wages hasn't yet been felt with full force in the shopping district of downtown Birmingham. Through the recession of late ’3T7, all of '38. and early ‘39, the mills and mines staggered employment— one and twd and sometimes three days’ .work a week. Workers. now getting full five-day-week wages are still catching up on their bills. The-pi tkup in employment is not balanced! by a corresponding

diminution in the demands on WPA. |,

Nine thousand workers are employed on WPA projects, and 3000 more are on WPA’s waiting list. One explanation is. the increase of population—37,000 since 1930. But the new purchasing ‘power of the mill workers and the coal and ore miners, and confidence of more

to come, is manifest in many ways—|

In the smiling bustle of the city’s, streets; In the .community chest raising one-fourth its budget on the first day of the drive; In a larger number of telephone subscribers than ever before, and new peaks for all other utilities; In a larger number of new homes built than in any year since 1929; In large turnouts for football and other sports; in a full winter season of opera, musical comedies and symphonies. Yes, times are better in Birmingham, where the people are tired of reading about the war in Europe! and are no longer much interested: ‘in the controversies at Washington. . Two Thanksgivings are coming up— The President's date, and the Governor’s. The menu: Smoked Turkey.

CARL 3

LOCAL BUSINESS

Production of sanitary .drinking

straws began today at the Whitey.

River Paper Mills, Inc., 227

South St.

S. C. Kahn, plant manager, sald a a

daily production of 1,250,000 is ex-

pected soon. ' The company formerly 1

sold straws and after many weeks of testing and installing machinery are entering the manufacturing field. Straws are made of sulphate straw paper. After the spinning process, they. are trimmed and dipped in

over Septerhber, 1938, the Bureau of liquid paraffin. The machines can Agricultural Economics reported to-|manufacture transparent, “jumbo”

day. Receipts for the first nine months of this year, January-September, were $186,196,000, which was $12,200,000 less than the same period last year and $37,396,000 below the 1937 figure the Bureau reported. All totals include Government payments by the Agricultural Adjustment Administration. These payments amounted to $1,588,000 in 1939, and

: factual September total from crops and livestock was $1, 136,000 greater this year.. For the nine- month period, Gov-

in 1939; $6,343,000 in 1938, and $9,454,000 in 1937. September crop and livestock receipts ‘were $24,722,000 in 1939 and $23,586,00 in 1938, while the threequarters figure was $174,039,000 this year and $192,048,000 last year. Crops accounted for $7,059,000 of the September, 1939, total and livestock and livestock products $17,663,000. ‘During the nine-month period this year crops made up $34,675, 000 of the total receipts and livestock "and livesiock products $139,364,000.

BARD RENOMINATED ASSOCIATION HEAD

CHICAGO, Nov. 13 (U. P.).—Roy E. Bard, a partner of Sutro Bros. | & Co., has ‘been renominated for the chairmanship of the Chicago Association of Stock Exchange Firms. The annual meeting of the Association. will be held Dec. 1. The nominating committee also named Thomas Murehison of Paul Davis & Co. for vice chairman

and ‘Leonard M. Spitzglass of Stein,

Brennan & Co, for treasurer. George E. Barnes of Wayne, Hummer & Co.; Lawrence Howe of Hamill & Co.: Reuben Thorsen of Jackson & Curtis, and Mr. Bard were named for three-year terms on the Board of Governors.

GEN. JOHNSON TO SPEAK

The Bond Clu*. of New York will hold a luncheon meeting at the Bankers Club on Tuesday, Nov. 21, to hear an address by Gen. Hugh Johnson.

Cu rb Stocks

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USS. STATEMENT |

WASHINGTON. ‘Nov. 13 iU. Y.—Gov A ernment expenses and receipts tor the oa ent fiscal Year os oush Nov. with a year

5 Yea Expenses $3. 448.2 239. 306. 10 $3, 5 Receipts .. 1, 2%. 13041 71.68 3 1044 5 Toss

1,802,998.50 .343.85 2,570,981. 233: 3 Work. bal. 553.29 1, "959.108 703 Pub. debt. 41191, 353, 165.19 1 38.490.438.

1d res. . Tuts 1,360.36 14; Eons 5.96480 = 119. 353,790 28

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Chi icago Stocks

Armour & Co

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BI. -

‘| income was 12 cents on the ‘dollar

'Oztober - contained $1.16 for each dollar a year ago,

. | during 1940.

. . refute disturbing rumors of an im- * iminent price increase in high speed

iy 32 president. said. 5 occasion to repeat such an experience, particularly since we fear no;

si nouncement + said, will apply except

in the tool steel industry.

and Tegyiar size straws.

Lease New Quarters

The United Distributing Corp. is _

now located at 1021 N. Meridian St., across the street from its former location at 1018 N. Meridian St. The company, wi h distributes electrical appliances and furniture, has two large display floors and approximately twice the floor space as formerly. The lease was made through Klein & Kuhn.

PUBLIC PURCHASING POWER INCREASES

MINNEAPOLIS, Nov, 13 (U. P)). —Buying power of the American public at the beginning of October

was 12 per cent greater than on the |

same date a year ago, although the

war abroad boosted the cost of most necessities, the Investors Syndicate reported today. The syndicate’s monthly survey disclosed that living costs on O:t. 1 had increased to the level prevailing a year earlier, but that cash

greater, As a result, the report said, the public's “real income”—an average relative figure of income and outgo designed to show -how the cost of living affects the adjusted dollar income—rose to $1.12 at the start

of October from $1 a year earlier.|

Ai the beginning of September, before the effest of higher prices began to be felt, this “real income” amounted to $1.14, compared with $1 on the corresponding 1938 date.: Wage envelopes at the start of

while salary checks were $£..05 and investment income $1.09 to each $1 a year ago. Other income, such as farm and business earnings, rose to 107 per cent of the 1938 level.

PRICE OF TUNGSTEN STEEL STABILIZED

M’KEESPORT, Pa. Nov. 13 (U. P.) —Acting “in line with the government’s effort to stablize prices on cerfain strategic metals,” Firth-Ster-ling Steel. Co., large tool steel producer, today announced that the present price of 67 cents a. pound will be maintained for standard 18 per cent tungsten high speed steel

“It is our immediate objective to

.L. Gerald Firth, company “Such fears may he s | associated with recollections of the sky-rocketing prices on this commodity during the World War when prices quadrupled. There is now no

steel,”

tungsten shortage.”

The price guarantee, the an-

in case of a general wage increase

- LOCAL PRODUCE

Heavy breed hens, 12¢: Leg horn hens, 10c; Barred and White Rock aringers, 22 lbs. and over, 11c: colored springers, 2% Leghorn braile 2 lbs. - old 10051518, Whi 5 bs, and over, White ducks yr > lbs., 8c: colored ateoks, 5 lbs. over, 9c; colored duc der 5 Ibs. Tull feathered and

7c; young tom tu oting oa turkeys ver 4 22 1bs., en turkeys. 9 and over,

jeri a. 16¢: old tom i 12c;

be made). Bu Cero 1 a1iiiagac: No. 2, 39% @ 3 ties fat—No. 1, . 2 ‘26¢. (Prices Guoted or Wadley Co.)

Pg y

= 22

TONIGHT

7:00—Andre Kostelanetz, WFBM. 7:00--Tommy Riggs, WIRE. ‘8:30—Alec Templetoni, WIRE. 9:30—Blondie, WFBM.

-It looks as if we’ll have coast-to-coast télevision transmission much sooner than was expected. The General Electric Co. at Schenectedy, N. Y.,, has been receiving telecasts from NBC in’ New. York City, about 130 miles away, G-E ‘has

started to build a radio relay re-|

ceiver which will permit a re-tele-cast of NBC's New York shows. The goal, accurding to Alfred H. Morton, NBC vice president, is network television. He says it's just around the corner.

” ” ”

Basil Rathbone is going to do “The Lion's Mane” as the Sherlock Holmes mystery-thriller at 7 o’clock tonight, NBC-Blue (try WENR.) . . . Richard Crooks will’ sing “Lohengrin’s Farewell” during the . concert at 7:30, NBC-WIRE. Alfred Wallenstein conducts the orchestra in the Wolf-Ferrari Overture to “Secrets of Susanne.” . . Wallace Beery will moisten .a few eyes tonight. at 8 by bringing back one of his best known roles. He'll play the, lgad in “The Champ” on Radio Theater, CBS-WFBM. .

How it ‘will be serialized isn’t ex- : 2 2 =n

INDIANAPOLIS WFBM 1230 (CBS Net.)

“THIS EVENING

‘ (The Indianapolis Times is not responsible tor { . ments caused bv station changes sot mn fe for maccuracies in. Brosvam ahnouBene INDIANAPOLIS WIRE 1400 (NBC-MBS)

~ ON THE RADIO.

plained, but Horse,” the by the same mi: Aldrich, is being peddled for a radio series. It brings up visions of endless picking ‘of winners through countless rainy mornings. . . . Josef Pasternack, and ‘the orchestra pre sent a musical tribute to Cuba. Maestr Pasternack will run out of countries some day, but never of geod music. He's. on at 9, NBCWIRE" , |

. 8 on ” “In Our Little Part of Town,” is a song written by Jimmie Walker, former mayor of New York. It will be heard on the radio at 7:30 on Model Minstrels, CBS-WFBM. Andre Kostelanetz and the orchese tra return. to New York City for their broadcast tonight after six weeks in Hollywood. And for the first time in thousands. of miles of traveling Mr. Kostelahetz made ths trip by train. He will air a new ar rangement of a 'South® American ° Conga called ‘“Cui-Cui” on the broadcast at 7, CBS-WFBM. . . , Ludwig Bemelmans, who created tha children’s heroine, “Madeline,” will

.|be the guest puzzler on Author!

Author! .at 7, Mutual, with Carl Carmer. . . . Prof. John T. Fred erick will interview Frederic William Wile, veteran foreign correspond-

.jent, when he reviews his new book

at 3:30 p. m. tomorrow, CBS. ® nn =

CHICAGO WLI WENR 80 (NBC Net.)

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, INDIANAPOLIS WFBM 1230 (NBC Net.)

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TUESDAY PROGRAMS INDIANAPOLIS WIRE 1400 (NBC-MBS)

INDIANAPOLIS CINCINNATY WRG 1050 Wow Rd !

(NBC MBS)

Dawn Patrol Markets

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KEY NETWORK STATIONS (Subject to change): MUTUAL--WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850, NBC-BLUE—WJZ, 760; WOWO, 1160; WLS-WENR 870; KWK, 1350.

NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ 670.

CBS —WABC, 860; WJR, 750; WHAS, 820: KMOX, 1090; WBBM, 770.

STUDEBAKER SALES

Times Special SOUTH BEND. Ind. Nov. 13.— Retail deliveries of Studebaker passenger cars and trucks last month were the largest of any October in the history of the company, Paul G. Hoffman, president of the Studebaker Corp., reported today. Last month was the biggest retail month for the corporation since July, 1929, he said. “Retail demand for Studebakers

month with the result that our de-

tober exceeded the total ‘of any

| similar period for which we have

records,” Mr. Hoffman said.. Factory sales, he said, were exceeded in only one other October in the last 15 years, Retail deliveries for October amounted to 9866 units against 6,451 last year, an increase of 53 per cent. For the first 10 months of the year, retail deliveries of 71,313 units were twice as large as those of the same period in 1938. actory saleg of 10,932 units compared with 8481 last year and were exceeded in only one other October since 1924. Factory sales for the first 10 months of the year amounted to 88,186 units, more than double the 40,782 sold in the like period of 1938. In the full year 1938, Studebaker Sagtory sales amounted to 52,605 units.

expanded steadily throughout the liveries for the final 10 days of Oc-

SET OCTOBER PEAK!

BUSINESS AT A GLANCE

By UNITED PRESS Advertising Age reports week ende ed Nav, 4 retail advertising in newse papers of 80 major cities 21,573,532 lines vs. 21,376,000 previous week and 21,962,317 year ago; year to date

809,355,782 lines vs. 795,738, 502 year ago, up 1.7 per cent.

National . Lumber ‘Manufacturers Association reports week ended Nov, 4 lumber output of 500 mills 240, 154,000 feet vs. 246,676,000 feet by 517 mills previous week; shipments 254,« 315,000 feet vs. 259,627,000; booked orders 193,334,000 feet vs. 199,261,000,

Newsprint Service Bureau reports October North American newsprint output 10.6 pér cent above year ago; Canadian mills shipments 289,260 tons; U. S. mills shipments 79,364; Oct. 31° total stocks 208,532 tons vs, 217,580 Sept. 30. -

Greyhound Corp. 9 months ended : Sept. 30 net income $5,315250\equal to $1.92 a common share ‘vs. 391,251 or $1.59 year: ago.

Pathe Film Corp. and subsidiara ies 9 months ended Sept. 30 nef profit $192,002 vs. $21,613 year ago,

New York Central R. R. Co, Sept. net income $3,120,090 vs. net - loss $917,974 year ago; 9 months net loss $5,779,923 vs. $21, 433, 18 year ago.

7”

WAGON WHEAT |

Indianapolis grain elevators an are paging

fo! change; othe rag : on their ie Cas corn. new No. vellaw wv, 45c. Oats, 35¢ a

Personal LOANS

@ Favorable interest rates and payment plans to. individuals having regular employment. - Your inquiries solicited.

1 The ‘ INDIANA TRUST COMPANY

MEMBER FEDERAL DEPOSIT INSURANCE. CORPORATION i

Allied with THE MERCHANTS NATIONAL BANK

| DSO