Indianapolis Times, Indianapolis, Marion County, 29 April 1940 — Page 11

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MONDAY, APRIL », 0, 1080

PRICES YIELD: HOG RECEIPTS TOTAL 10,950

Best Pulled Down to $6.45: Vealers Dip 50 Cents At Stockyards.

Hog prices slumped 10 to 15 cents at Indianapolis today as receipts

increased to 10,950 head, the Agricul- a

tural Marketing Service reported. The 15-cent decline was made on hogs weighing more than 160 pounds, while lighter the dime. The top was $6.45 on 220 to 230-pound weights. dropped 50 cents to a $10.50 top. The loss was in line with a generally weak to lower trend at other markets. Twelve principal markets rolled up a ‘total of 64,000 hogs against 55,000 last Monday, offsetting bullish advices from the dressed pork trade.

A A little unevenness cropped out Cows |

in steer and heifer trade. and ‘bulls generally cleared at fully steady prices. Shorn Western lambs, comprising practically all ‘of | the sheephouse receipts here, held steady with prices early last week.

Ropts. 8825 1500 | 10,950 |

April Top Ropts. April Top 28 ... 3600 3643 26 ....% 6.06 BF ... 6.1D 5866 2% .... 6.60 2s 6.50 8687 29 .... 6.45

Barrows and Gilts Packing Sows

Sep. 140 8 5.00- 5.715'Good and tie - 160. 5.50- 6.25 270- 300 $ 5.75- 5.85 180 b 6.35 300- 330 5.t 5.80 ! 200 5.1 6.40 330- 360 5 5.85 - 220 5.50 Good | 240 50, 360- 400 5.80 | 270 5 400- 450 5.5 i] 5! '00- 5.35 5

5'05 4.75- 5.50 Slang hter Pigs 6.25 Medium and Good — 90- 120 4.50- 5.10 Slaughter Onttle & Vealers (Receipts, 1680)

Chotoe— 750- 900 900-1100 1100-1300. 1300-1500. 00d — 750- 900. 900-1100 1100-1300. 1300-1500 Medium— 750-1100

300 450- 500 330 Medium - 360 500

Medium 200.

Bulls $10.75-12.00 {¥ ehriings Xegludde) 10.75-12.00(CGiood ....$ 6.7 10.75-12.00 Sausage .. 10.50-11. 5] Me Sum

9.50-11, 00i Comman.

a 10.00-10.50 nd 8 50. 10. 00 Sihaium . : Kh RNR IB fiesades, BAECS hie attle, 750-1100 7.50- 8 50, t Steers, Heifers Steers Choice— Ch So 750. 10.00-11. to - a0. Of ee 500- 750 _ 9.25-10 00! God - Heifers Choi

0- £00 750- “oo

- 0.9 8.75 7.10 6.25- 6.75

a 6.25

B00: -1050 75 Medium-~ 10.00-10.%5 OO 100

comm 9.40-10.00 500 - 500

Calves — 9.25- S0l 0d and ee 8.25/\y 0 down _ 850-1000

i) down gam $6 6.15- 1.50 © Jalves (heifers) Medium . 6.25- 6.75 sot Cutter and common. 5.25- 6.25 Med Danner ... 4.50- 5.25 500 own 7.50- 9.00

SHEEP AND LAMBS (Receipts, 1085) Lambs (shorn)

Good and choice “way Sop: a ov 800-8. Ewes (woored)

Medium and good TRL common .... Good and choice 00- 5.0 Common and medium 2.7 0

CHICAGO LIVESTOCK

Hogs—Receipts, 14,000; market generally teady to 10 cents lower; mostly steady 6 weak; slightly more active than early, ows sharing decline; good and choice 80-260 1bs,, [email protected]; top, $6.45 isons 210-220 1bs held $6.50; 260- R50 Tb. es, $606.25: bulk 400-550-1b, SOWS, 5 So 5 85 lights to [email protected]. Oattle — Receipts, 13,000; calves—1000; choice fed steers and vehrlings steady, other grades slow; weak to Ch mostly 15¢c lower; general market much fess active than late last week; largely steer run; medium to good grades predominate Beare; early top, $1.85 on mediumweights; i weighty long-fod steers comparatively De on long vearlings, most early sales, 8.75@ 10.75 with several loads, $10.75@11; hot much here of value to sell above $11; fed heifers rays best light heifers, $10, mostly, [email protected]; cows scarce, steady; ts ters to $6; CNY sausage bulls “Due 87.95 on steady market; heavy mt WN to $685; vealers, 25@50¢ down: very few selects, $11.95; scarce;

mes. $9.40@ 9.78 eep- Receipts, 4000; fat lambs around 5 cents higher; bulk ‘choice fed wooled ambs, $10.60; holdin few loads pieces §o 0.25, few lots, $ bors $0.25,

lower took bathe

load or two higher: wooled lambs, $10@ best handyweight elipothers, $0 with medium kinds at $860; few native springers, $11; heep steady; odd head fat wooled ewes, [email protected]; clippers, [email protected].

OTHER LIVESTOCK

PT. WAYNE, nd, Res 10@ 200-220 1bs., 200 1bs., $6.10; 33 280-300 bs, 25-350 ibs 160 lbs. Ibs, $5.10; "120- 150 bs., 4.60; rougs, $5. stags, . ood lambs. $10; clipped lambs, $

LAFAYETTE, Imd., April 28 (U. Hog matket 15 lower; 160-200 1bs., ; 260 Ibs. ¥6.257 6 40; 360 $5.50 down: $10.50.

P)$5.90 60-350 Digs, roughs, Calves,

LOCAL ISSUES

The ollowing uotatic jons by the Indian apolis Bond & Corp. do not repregent actual price offerings, but merely ine dicate the BD ate market level based on buying and selling guotations of recent transactions. ocks Bid Ask gents Finance Corp com elt RR & Stk Yds com... .vv.\ § 5 elt RR & Stk Yds pa vaahane B8 Cent Ind Pow 79% phd 8 8 Hook Drugs Imc com ‘hs 14 18 Home T&T Ft Wi 3 nd Assoe Tel Co 2

nd Gen Serv 6% » nd Hydro Elec "% ndpls Gas com ndpls P&L com ndpls P&L 67% pid dpls PRL 612% pid. . ndpls Water 5% pfd "haa hinsoin Nat Life Ins com ..... Ind Pub Serv 51% pid N Ind Pub Serv 6% pid ...v.. N Ind Pub Serv 9% pid . Bronce laundry nh Pub Serv Co of 6% £4 Serv Co of md So Gas & Elec aute Elec hy bra Union Title Co com... Yen Camp Milk pid... an Camp Milk com . Bonds

American Loan 5s 51. American Loan 5s 46 . .‘ Citizens Ind Tel 4's 61. Crabbs-Reynolds-Taylor Co 5s ome RT Wayne 5% % ome TR Wayne 8% 4. hd Tel Co 32% » X

5% 60 \ ndpls PRY, 3%% 68. en apis Railway me 8% 8%... ndpis Water Co 314% 66 nterstate TT 5% & 53 . okomo Water Works 5% 38. uhner Packing Co 4'2% 49 100 orris 5&10 Ctores 5% 50 444100 uncie Water Works 5% 1 at Silk Hosiery 5s 42

lambs,

a 31% oe

88% 21 28

ub Te fchmond Wat Fs 5 ac Tm Corp §% *Ex-Dividend.

U. S. STATEMENT

WASHINGTON: Apti 29 ib or aov. rnment expenses a Shrrent fiscal year though win 26, compared th a Sehr ko SH . 3 868. TH 88. 79 $7.508 oe Be ‘ ,985 99 : 8 = 4 300. 4.80

Debits

FOREIGN EXCHANGE

NEW YORK, April 20 (U. P.).—Following are noon cable rates on major currencies: Ca ale ates Net RIS:

weights 10st | 2% 5

Vealers A

—

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Wo SC SY AHR RRR 148.41 0.2 1482 40.89 ees 1H 40.84 Month BEd ...... ove, LR 0.28) Year ago 127.88 =0.62 High, 1940, 152.80; Low 144.65, High, 1080, 155.92; Tow. 121.44, 20 RATLUROADS oERY ooo WRAY VW

Shturday Lo... Week ago .... Month ago Nahr BRD uuu High, i940, 82.67: Tow. 20.78. High, 1089, 85.00; Tow, 24.14,

Today Saturday Looe Week ago ...

40.08. 40.08

Ceres anenree

Chianti et rere

High, 1040, 26.45; Tow. 24.02. High, 1939, 27.10; tow, 20.71.

Net Close Change 6%

High

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Sloan Forecasts End to DownturninU.S. Business|;

6 $67,028,461,

18000 the company reported

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General Motors Chairman Reports Quarterly Profits Gain.

NEW YORK, April 20 (U.P). Alfred P. Sloan Jr, chairman of the General Motors Corp. said today that he saw indications of an end to the present downturn in business and reported first quarter earnings of the company at the best level since 1028. In a review to stockholders accomspanying his report of the organization's operations in the first three months this year, Mr. Sloan stated: “At the time of this writing, this downward course (in business) appears to be losing its force, indicating perhaps the end of this particular movement,” First quarter earnings totaled equal after preferred dividends, to $150 per common share, compared with $53,177,028, or $1.18 per share in the first three months of 1039. These earnings represented the highest first quarter income reported since 1928, when $1 54 per share.

The chairman said that while the income figures included the company's equity in earnings of subsidiary companies not consolidated, it did not include foreign profits

%|of $2,849,178 which could not be

transferred from abroad on account

‘lof foreign exchange restrictions.

First quarter earnings also were reduced by a charge of $1,744,566

(krone (krone) aaes restareis

to revise foreign working capital to

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DANISH BEET SUGAR PRODUCTION TO RISE

BERLIN, April 20 (U. P)=The

0 ofMoial German news agency D. N.

B. reported today that Danish beet sugar production will be stepped up

“considerably” this year to offset

partially the effect of the Allted blockade on Denmark's fodder supplies, Danish farmers have been acous tomed 1 augment stocks of fodder by feeding cattle a mixture of grain and beet sugar. mm 1939, according to trade estimates, Denmark produced about 248000 metric tons of beet ugar,

+ of which between 50,000 and 75,000

tons were believed available for ex-

Port. Acquisition of these additional supplies would make Germany Eu

it [rope’s No. 1 beet producer, since it

it estimated the Greater Reieh, ine oluding Poland, accounted for als most 3.370,000 tons out of a total European production of 9,400,000

tons. No data is available on Russ

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{MARSHALL FIELD'S STOCK IS OFFERED

NEW YORK, April 20 (U, P= A block of 30000 shares of

4 Marshall Field & Co. 8 per cent cumulative preferred stock of $100 % par value, second series, was offered

tO the public today at $104 per

8% share by a group headed by Glore, " Forgan & Oo. and including Lee

Higginson Corp. and Shields & Co. The shares offered do not consti= tute new financing but represent stock holdings from the estates of Marshall Field and members of his family.

BUSINESS AT A GLANCE

Household Finance Corp. and subsidiaries Mareh quarter net profit $1,772,054, equal to $210 a common share, vs. $1581507 or $1.84 year ago. Minois Bell Telephone Co. March quarter net income $3,486,600, equal to $2.32 a share, vs. $3,107,526 or $2.07 year ago. Link-Belt Co. and subsidiaries March quarter net profit $423,056, equal to 54 cents a common share, vs. $100,160 or 22 cents year ago. Loose-Wiles Biscuit Co, and sub sidiaries March quarter net profit

» $285,482, equal to 45 cents a com-

mon share, vs, $220,114 or 32 cents year ago. Nash-Kelvinator Corp. March quarter net profit $382,041, equal to 9 cents a share, vs. $140,505 or 3 cents year ago. Standard Brands, Ine, and subsidiaries March quarter net profit $2,341 007, equal to 17 cents a com= mon share, vs, $1,767,110 or 12 cents year ago. Tlinois Central R. R. Co. March net operating income $1,353,742, vs. $1,272,643 year ago; three months $4,020,726, vs. $3,210,439 year ago.

Incorporations C. oh Eh dla " tpi a

Ww. New > sey Sh ter C. Kalter $10 a value;

atte hee d vegeta ii Sor business and } x Viliam H., Me-

©. Katt oust St,

Jaen , 218 Ap oa valye: rospecting Wet o’ aches ° Prien B.

328 8 Wal=

Ine, agent,

oy wa

he. Brazil shares on par other RNAS}

Be Reeve, and Ww. °R | -

Pendie-

coal ya

% Marin Pr noe. . Qo ton: amendment o RO Ss 0 tion,

C. ihoorpora=

Alfred P. Sloan Jr. . . . “This downward course appears to be losing its force.”

ings of Adam Opel, A. G,, the Ger-

man subsidiary, also were elimin- «| ated from

Bo [TTT A —

an old Will revised oan easily defeat your intentions. However, to be sure that every legal requirement is included, enlist the services of your attorney.

Our Trust Officers will gladly ouline the advantages of this Company as of Your Estate.

THE UNION TRUST COMPANY

Capital and Surplus $3,000,000.00 Member Federal Deposit Insurance Corporation

Trustee

1 (Monsanto, Which equaled its high

"(to the previous close,

{ WHEAT RALLIES 2

.|the company as general counsel

STOCKS FIRM: | TRADE IS SLIM

Shipping, Paper and Motor Shares Prominent in Quiet Advance.

NEW YORK, April 20 (U, P= Stocks firmed today but volume was the lightest Jevels fh a month, Leading issues made gains ranging to a point. Wpeovial stocks Puts nished a little excitement. Numerous specialties made new highs. Shipping shares weie promi nent on talk of increased ocean

to mew highs, with International the most active issue on the board. They eased later on profit-taking. Motors firmed on the General Motors yeport sho quarter since 1928,

oils and rails were mixed and uti tion ities steady.

Chemical fssues weie featured by |b

for the year. Pan American Air ways rose mote than a pot. West-

Baldwin certificates equaled the high and then receded

Business news was mainly favors able, Several authorities, eluding CGruaranty Trust and National m= dustrial Conference Board, indicated a leveling off in the business curve after a long decline, European dollar bonds eased. Other foreigns were mixed, U. 8. Government loans had gains ranging to 9-186 point. Rail obligations moved Insurly ly WEN

CENTS FROM LOWS iF

CHICAGO, April 20 (U, P)= Wheat futures Board of Trade rallied today in the face of precipitation Mm the South. west,

from extreme lows. Wheat oloved % to % cent higher, May $1094 to $1.09 a bushel. Odom was up % to 7% cent, May 654 @

414D, and ye 4 1 % May $1.10%a.

cent higher,

wheat prices advanced and the SORA were accomplished with relative eave, Tthe recovery move was frregular at first but became moire consistent under lighter welling.

and heavy receipts from the Noith= west brought the initial downturn. Farly sentiment was primarily in» fluenced by rain in the hard winter wheat belt. Some early selling was attributed to professionals, Corn trade firmed under the ins fluence of wheat but volume was (moderate. There was some early|. [buying of May against sales of Sep [tember and some selling of the nearby month in exchange for July.

RANGE Bley. lowe

Low Clowe IN fos

TE pee Corn and Wheat Region Official Weather

mes. BY UNITED PRESS cm

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Stations

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DAILY PRICE INDEX

NEW YORK, April 20 (U, P),=— Dun & Bradstreet’'s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Today AREER LER LEAR LERLER LE ARERR) 121.13 Saturday BRERA 120.0 Week ago SAARINEN 121.92 Month BBO savannas rnnsannas 117.92 Year 880 vvirerrasanssserses J00TT 1940 High (Jan. 2) suveevess 123.34 1040 Low (April 2) .sevevves 117.04

INDIANAPOLIS LIFE CO. HONORS RAUB:

The Indianapolis Life Insurance| Co, today began observance of “President’s Month” in honor of Edward B. Raub, in recognition of his 35 years of service with the company, A declaration of appreciation has been drafted by the company's 25 leading salesmen during the first quarter of this year, During the month, all new business will be sent to Mr, Raub’s desk with a special message. Mr, Raub was one of the founders of the company in 1805. He served

since its inception. He was vice president from 1016 to 193¢ when he became president.

oh the Chicago

» Barly loswes weie eraved and |= prices moved up around 2 cents

64%, oats off % to wp 4 cent, May |=

Selling became more Yestiioted as |-

Barly selling by commission houses |.

" Tn will see the premiere of Francia White and James Melton Teun to the afrlanes the Teles phone Hour, 8 o'vlovk, NBO-WIRE The program will be of the light opera variety, melodies from the olassios, opera and musical comedy. The cast oludes a Spree or Ohta ditected by Don

firefight vates, Paper fssues mounted Ren A rie ea chorus directed by

Rep. Charles A. Halleck, Repub Hoan, of Rensselaer, Thd,, will speak the best first at 9: 30, NBO-Blue, on the work of foals and the House committee mvestigating yome mercantile shares firmed, while ig Labor Relations Act opera-

Conti

ohestra at 8, OBS-WEBM. The hits melude “T Got Rhythm,” ohowen by Tra ‘Gersh inghoure Blectric gained more than George yw [8 point. en,” by Richard Rodgers; the Things You Are,” by Jerome Kern; “Dancing fn the Dark” by Arthur Schwartz, and “God Bless America,” by Irving Berlin,

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Harold L. Mercer, Betty Gay shop, 5 BE. Wash. &F

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ON THE RADIO

nation-wide program as

featuring familiar

light

Voorhees

® # »

ix favorites wongs of will be afred and the or

Win, brother of the late Gershwin; “Begin the Beby Oodle Poiver; “Where or “All

” 3? %

(Munday, at 2:17 » They're bringing Barbara Stan- | OBS-WABC, . wyok and Robert Tavier together (for the radio on Radio Theater, 7,

SWIBM. Their starring vehicle "

fs ‘Smilin’ Through.” , Tie Ne Sisters will visit Alec Toms pleton at 7:80, NBC-WIRE, to wing “Te Donkey Serenade” and ‘Say 81 81.” Alec will give his imprassion of ah amateurs presentation of “Nrargie.” |, . Josef A. Pasternack has a orew of bagpipers as his guests at 8, NBC-WIRE., The leader of the orew is Robert Sim, a Gor don Wighlander and one of the original “Ladies From Hell” . . . Richard Crooks Yeturns at 6:30, NBC-WIRE, with Alfred Wallen

‘tein and the orchestra, ® 0»

Furopean wshottwave broadcasts: Mowcow, 6, RVO6=1524 megatycles ard RNE=17 meg; London, “The Empire at War,” GSD==11.76 meg. and GSC=9.58 meg; Berlin, 7:45, ‘Thousand Years’ History,” DXB P81 meg. and DIC=802 meg. Rome, 8:50, Request Commer and Mail Bag, 2RO3==3115 meg, 2RO%= 25.40 meg. and 2RO06-=-1961 meg; Paris, 10.30, News, TPBI11==11. meg, and TPA4=1171 meg, and Rome, 12:35, News, 2R08, 31.15 meg, 2RO4=2540 meg. and 2RO06==1061 meg, #" » # Mis, Freanor Roosevelt will begin a Tegular twice-arweek informal program on subjects of Mmterast 1o women at 11:15 a. m. tomorrow, NBC-WLW. She will be heard Tues= days and Thursday for 15-minute periods, , Prof. John T. Peder ick will review Jules Romaing’ “Vers dun” and interview Mrs, Sophia Bel zor FEngstrand, author of “Miss m. tomorrow, W. Gibson Carey Jr, U. 8 Chamber of Commerce president, will speak on “Build America” at 9:30 a. m. tomorrow, ®

THIS EVENING

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KEY NETWORK STATIONS (Subject to change MUTUAL-WOR, 710; WHK, 1390; WHKC, 640; CKLW, 030: wsM, 830, NBC-BLUE=-WJZ, 760: WOWO, 1160; WLS-WENR, 870; KWK, 1350, NBO-RED=WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670, CBS—WABC, 860; WIR, 50; WHAS, 8205 KMOX, 1090 WBBM, J

BETTY GAY LEASES

BASEMENT SPACE :

manager of

ington St, today announced sign-

ing base

building, Y | May 1, The women’s ready-to-wear firm will have double the former space, giving them three selling floors as they now occupy the first and second floors at 5 BE. Washington St, The basement is directly under the present location, vator service and an entrance at|— 3 8. Meridian St. to the basement, The Betty Gay shop has been at the present location nine years, first with the ground floor room, taking the second floor space three years ago. has leased larger space from Betty Gay and will remain in the basement location,

rol ahapoli an eral Slevat thange Sd Sal

corn,

white 3 Sud

An Hour

of a long-term lease on the ment of the Merchants Bank Opening is scheduled for

There will be ele-

The Thrift Shoe Repair Co.

WAGON WHEAT

Ny are paying oot ] marke a its

Bel ld, 0 oats, Ne. }

Work Yo: feo

Karlier

hour Ten Oold } Medal How » Bow. an lier! So, tune to t soi Medal Sal prosrampace at Sha tims os iE below. Don least!

LIGHT OF THE WORLD 12 NOON~Monday through Friday

ARNOLD GRIMM'S DAUGHTER 12:15 P.M.,—~Monday through Friday

VALIANT LADY

12:30 P.M.—Mondaythrough Friday

HYMNS OF ALL CHURCHES 12:45 P.M.—Mon., Tues., Thurs.

BETTY CROCKER 12:45 P.M, —Wed., Fri.

LOCAL PRODUCE

avy, ba d hens, 5 Ibs, and over, ghorn hens, Ye: tre "an, "White Rock jonsters, 4 bs, ana over, 11¢: under bs., Pe; heavy Dreed sta ver oh stags, di Lege horn broilers 2 Ibs, and ow

SUTICHY fresh COMRTIY Tan € gh 1e” " saoh full case must weight 5 A net deduction of 17 a Hy ‘Tull ease under 53 Ibs. will pe Butter--No, 9\e@3e; No. 2, 280; butterfat=No, (Country RR prices Re.3) ig dley Co.)

120;

FOOD PRICES

CHICAGO, April 20 (U, P,). 4p 10 n New York Mackintosh, bu, eri Sweet Potatoes==Tennoesses, Bil, 1 061,80, Celery-PFlorida, crates, $333.95 Tomatoes California % [email protected], @pinaeh--Illi= nois, bu, Sauliflower- California, erates, Cay California, erates, [email protected], Onion Market (30:1b, sacks) = Oregoy Yellow vii wo) aC@ ®

Ti i 800, 1) Pons

1.80; oll Danver Texay “White Wav, 4.5 Cn shui

TELEPHONE. HOUR"

Every mono®

Y% James Melton, Tenor * Francia White, Soprano % Donald Voorhees and the % Bell Symphonic Orchestra

and Chorus 6"

WIRE and N.B.C. Red Network INDIANA BELL TELEPHONE CO.

FO 3

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