Indianapolis Times, Indianapolis, Marion County, 1 May 1940 — Page 20

Page PDF (11.67 MB)

Back to issue view

aa rt ——— 1 Si - > - ci a ca PRET

A —————-

EE a Sa

J — w—y

Sp ——————— ~

“

WEDNESDAY, MAY 1,

+ STOCKS YIELD "ON WAR NEWS: BONDS FALTER

Steel, Copper Shares Lead As Other Groups Join N. Y. Decline.

YORK, May 1 (U. P)— Stocks turned weak today on further Serman successes in Norway, the : ritish action in clearing the MedieIranean of British shipping, and failure of low prices to attract large | volume of steel orders. Bonds also descended. Wheat broke as much as 2% cents a bushel. | Cotton futures held well. Steel shares and coppers leaders on the downside, Joined the decline after resisting pressure. Chemicals weakened. Railroad and utility shares yielded grudgingly. Montgomery Ward was especially weak at a new low of 48, off 22, and its decline had an unsettling influence on the general list. Rubbers were forced down with U. S. Rubber issues at new lows. American Airlines lost nearly 3 points. Loft dropped nearly 2 points Most of the day's news was interpreted bearishly. There were several favorable items, however, including estimates of a contraSeasonal rise in carloadings, electricity output above a year ago and

Motors

a U. S. Steel report showing the|2

recently declared dollar dividend |A on common stock earned with a comfortable margin. High earnings were forecast for paper companies and this sustained

the group slightly under the pre- 2

vious close.

were |

mall i

1940 ' THE INDIANAPOLIS TIMES

PAGTY 19

Power & Light Co. Honors Utility Pioneers

and William Splann. At the rear tables, left to right, are Michael Griffin, John E. Marshall, Robert Mershon, John Hare, Charles M. Ellis, Albert T. Miller, Herbert Shepard, Ira W. Hart, Landy H. Lamar and Hans J. Jensen.

Eighteen of the retiring employees of the Indianapolis Power & Light Co. attend a dinner in their honer. In the front row (left to right) are Joseph N. Kern, Edmund H. Bingham, John H. Albright, Phillip Fahey, Charles Aneshaense!, Thomas Brady, Matthew Gage

FINAL NEW YORK STOCK QUOTATIONS

By UNITED PRESS

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS sescesece MLIS Yesterday 148.43 Week AZO ...covvevansassess 148.43 Month AZO ...osvvvavessases 149.65 Year Ago High, 1940, 152.80; low, 144. 65. High, 1939, 155.92; low, 121.44, . 20 RAILROADS Today .coeeusane Yesterday Week Age Month Ago Year Ago . High, 1940, 32.6%; low, 2. 8. High, 1939, 35.90; low, 24.14. So Shoe .. 391% 153 UTILITIES Br Shoe pt 131 3 1 Today ........ 115% 5 + Yesterday an & ‘Fdy 28% ’ Car & PF pf 47 Chain & C

Net Net Low Close Change High Low Close Change

37 -—1 34a 34's — ! 108% 4 la

High

Lockheed Aireft 38 —1.30 | Loew's 343

+0.02 —0.48 Lo +153 +2.98

Std Oil NJ . S

Starrett 333%

Net Close Change Acme Steel . 438 Adams Exp Air Reduc .... 48 — is Air-Way El .... 3% a 8

‘35

—— —-— 3 Studebaker Sun Oil pf .. Sunshine. Min. Superior Oil ...

+ 1a u he 1a Lou & Nash.. BR Allen Indust Allied Chem Allied Mills Allied Stores . Allied Sagres pf ny Allis-Chal . Alpha P Cem... Hb 2 Amerada ...... 96'% Airlines ., 1% Bk Rove p p Ly

yy MacAn & Fer. . 33 Mack Tr ..... 25% Macy RH .. | 29% Magma 35% Man Ry gtd ects 31 Man Rv md gtd 16% M Ry md gtdcts 16% sass 1484 45 634 . 147 43 Martin Parry 12's Masonite Corp. 32a Matchieson .. May DS ..... D3

30.52 30.69 31.00 31.32 26.66

Cesta atasesanatas Syming Gld ww Syming Gld xw.

“esses asst eprRuan

Presser sannnn

Tenn Corp ... Texas Corp ....

we Nan -_

24.82 25.10 24.7

-—0.28 +0.12 +0.09 +0.51

Third Av RY... Thompson J R. Thompson Pr .

a Week ARO tiiininsaserennnes Month AZO ...ceveesvinnesss 25.68

HOGS ADVANCE 310 20 0 GENTS

Receipts Dwindle to 7000; Practical Top $6.15; Vealers Gain.

Smaller receipts of approximately 3%

%000 hogs at Indianapolis today per- | mitted a realignment of yesterday's | low prices, the Agricultural Market-| ing Service reported. Weights between 160 and 270 pounds rose 5 to 10 cents while most | heavier weights advanced 20 cents. Underweights below 160 pounds did | not change. An extreme top of $6.20} was paid for some 220 to 230-pound 3 hogs although the practical limit| was $6.15. Packing sows cleared at steady to 10-cents higher rates.

bulls, heifers and cows. gained a half dollar with a top. at $11. Repts.,

Repts. April Top

10,930

: : $950 13500 Ma y 615 1259

ene

Barrows and Gilts ! Packing Sows 75- 5.50 Goad gna Choice— 140 $ 47 3-1 3004 an § ois 6 03 300- 330. 5.36+ 330- 360. 5.35-

3 3:30 £0 93 0 51 5.15

| Bald Loco ct.

0 Medium— . PO iaarhter Pigs - 5- 595 Medium and Good— 150. 200. Ro e120. £25 4.85 Eisnte Cattle & Vealers (Receipts, 876) Choi Bulls 750- 900 $10.75-12.00! (Yearlings 5 Jugas) 1100. 10.75-12.00 Goo . 1100-1300 10 75- 12.00 Sausage ..

3300-1500. 10.50-11.75 Megi Fy 0.50-10.75 comma 1

alers 10, 50. 11.00

\ 50-10.50 i LS 50- 7.50 eelier Stocker Cattie, Calves (Receipts, 594) Steers

$.50-10.50 oon

8.23- 9.50 8.25- 8 50, 730-1100. 7.25- 8 25. Svar, Heifers { Choi Cho 500- G50. 10.00-11. 00, 500 %00. 9 00Good— | 800-1050. 8. 75 500- 750. _9.23- 10.00 Goo a 0 o Choice— Heifers 1 800- 1550; 3&: 750- 900. 10.00-10.75 Mecdium— | Good— |, 500-100 7.50- 8.5 0 | 750- 900. 9.40-10.00 oN 6.50- %.50| Mu Caives Syren) { 500- 900. 9.25- Good and as | 7.25- 500 down 10. 00- 12.00

nm anc aium.

Common 500- 900

Bas NLS down _ 8.50-10.00 7 o down d . $s 6.1 75- 7.50 “Calves (heifers) | Medium 6. 25- 6. 75 Good— i Cutter and | 500 down $.00-11.00, common. 5.235- 6.25 Medium— | Qanner ... 4.50- 5.25 500 down 7.50- 9.00 SHEEP AND LAMBS (Receipts, 127) | Lambs (shorn) Good and choice Medium and good

Ewes (wooled) Good and choice .. Common and medium... um

CHICAGO LIVESTOCI

Hogs — Receipts, 11,000; opened slow; closed fairly active, ge nerally steady. to $6.25; bulk good and choice 180-27 70 10s.. | [email protected], most 270-360 ibs., $5.73@ 86; goo od | 400-500-1b. packin g SONS, g [email protected]; light- | er butcher kinds 10 $5 Cattle—Receipts, 8500; go ves, 1000; mar- | ket being conducted in rain and sno storm; largely steer run with well finished | medium weights and weighty steers in| liberal supply; early trade steady on ail | grades an representative weights; bulk} sellin $8.75@11; not many medium ‘to | ight s steers or yeariines here; Songer] operating at $9.50 down; selling Gales RTI up to $10.50 to country! besides sizable Supply, gommagh and medium | stock steers at $7.75@ best fed e early, $12. Numero = loads, $10.73@11. t5: | buik of these caryring considerabi e RR: eh prime weighty steers held tere $10 3e choice 1066-1b. Nebraska heifers. several loads fed heifers, peifer supply moderate, cows steady at down on cutters; £4 50 down on ight eanners; most beef cows, $6.50@G 7 25; weighty | sausage bulls up to $7.25 actively; vealers giso active at 10.50 11.50; few. $12 Sheep—Receipts, 2000; late Tuesday fat] Jambs mostly strong; spots, 10 to 15 cents) 1 load hendvweight, woolskins late XN Bulk good and choice kinds, $10.50} % 10. few medium to good Kinds at] $10@ 10 25. best clippers. $9 50; bulk, $9} @9.25. today's trade fambs : slow; few early bids choice clippers around steady; bid. | di jower between times: holding best rs. $9.50 and a above: medium. to good | ee held $:0@1025: fat sheep

scarce, steady.

OTHER LIVESTOCK

r 1 (U. P.).—Hogs CINCTN to May 2700; holdovers, 10.

bie ally 5 cents higher on barrows ne Scnerally asking prices up around 10

250: total, 600. Calves, SCatyle_Salable, steers and heifers genBo active and steady; cows weak; some tie Vand few sales considered around 25 hid ts Jou pulls again rather slow and ell Vv: 90-1b. steers and heifers, $9.15 Sene0. £0 common and medium beef cows, @,8G 1.50: canners and ORS $450@ 8, —.Salable,

150 Supply small, old elatively scarce; quottd Talnbe & $9.25 down; spring in © small supply. nd choice strong $12@ 13; medium

U.P.) Hoes | 8 200-2

75; sta bs, $10: %

FOOD PRICES

GO. -Apples—New NE May 1 VU. 40a 1.3 Sweet cgintosh, BY. SUSE 105. Celery s$3a 3.25. Tomatoes—Flora —Illinois, bu. Ha California, crates, fornia, Crates,

pped lambs, $9.

Steer prices): were about steady as were those on Anaconda Vealers

| Atl Refining 2

| Aust Nich A -

0 Best & | Beth Steel

| Bloomingdale .

| Brewing ‘Cp Am | Bdgept

Steers | C M

0 | Cluett

Maytag 33% Maytag 1 pf. 101% Modall vr «15 . 16's £. . 110% feIntvre Pore. .

2134 Colortype. 84

IA 90 25% 134 2034 247%

4 5%

Year Ago eases 2304 High, 1940, 26.45; low, 24.02. High, 1939, 27.10; low, 20.71,

Stock sales were 810,000 shares) compared with 590,000 yesterday. oh Curb stock volume amounted to + he y 213,000 shares against 220,000 yesove 3134 i 3 terday. wn 96 : e vv 193 133 . 22

+0.62

Transamerica .. Trans West Air Tri Cont Truax Tra . 20th Cent Fox. 20th Cent Fx p Twin Cy T Twin CRT pf. Twin Coach 2

—

I a

Pwr Ams F P Am&

Lda BROOM TD rt DAD

nN DW Pa

0 -_ - Neondeaboardauntdigaonade

a Dw a @

EIRRRREARA

w -

Ulen & Co Und Ell Fish. Union B&P ... Union Carb ... Un Oil Cal .... Un Pacific Un Tank ..... Un Aircraft ... Un Air Lines .. Un Biscuit .... Un Carbon ea... United Corp ... United woof Un Drewoo of. Un wn Eng ah Pay nited Fruit un Gas Imp.. Mer&Mig .. Dist pf .... & For Seec.. ¢ For Seo.. §

Am Am ) engel a3 pf.. erch & Min.. esta Mach . fami Cop .... dent Pe 1

nd 38 iland si we 120 inn Hny 52! 2 inn-Moline .. inn-Mol bf... Fission COED. fo Pac bof.. onsanto . .. onsanto of A

Net High Low Close Change

Curtiss Wr A... 28% 28! y } Cutler Ham ... 21'2 21 hs ri 3’

wo Davton P&L ecu.112 111Y Deere & Co ... 32 Hse

Am Am Am P&L Am

hy py CRC RN

CELL

3, 3 14 1 4

NONE

4 2 ‘ 8

—

— Tt ND 7%) bt fet Bn tpt DD OD be

od Bs er DBD mos

0O DO Op re GS 1 a] NOY a3 OO

5 4 <3 1 1

12 V2

4 2

3 Gy cI eDES

FEI

«nN

— —

Am Am Seatin Am MR

= > w Oh —-

NOD We DORI

3s 12

bw 00 OO vet pe ly ti §: a OA eG CREE RE EEN]

pn gm

Ey A

pe OO 00 « | ht GODS bet seat DDT TY sn sl CD 4 ft pt BS BD ht pt

DOR BND ADD DO »

- »

Lac & W ia | DERGW pt’ "2 Det Saitoh » 2 Vv eh Ros Diam Match ... ! 3

1 Ya

Cd Ne a NEW en +:

Am {am

ey ®w Ne - @ ne al Fa te OO CO Op raf an HEL -o

FEEETT I+

« ND Tray eee a I

| Am Am

CORI TY = Fos U1 LI D0 BI +t fin GD Wd © 10D fn ID <1 UT LI DIO D

Nama ane

unsingwear on [urphy G C.... Urray ..

Ce wea wt Ca pt bt D3 in oS DD pee

CD GI rt yin «TB DD pe ht Cd pt pt RW urn

per OBO «1080S «33%

wr 0 ~

Type ‘et 1 Water W.. Woolen . Woolen of ine ..

BE Raa pans 8:

~~ ae

Ed ne >» FS

Douglas Aire .. hh a | Dow Chem .... Dresser Mfg . Dupian pf Pont

1 27% 115 18634

Am Nash-Kelv ....

N Ch Se Lee

ie Aviation.

- - or - yom * ”

—- Fy

wooo ore 3 ~

PA re rer

— BROAD ODE DIDVWN Tre

COINS ns

* East Air Lines... . 40% East R Mill.

w ft ft 13 BT lt

BN COLIN DP J IIS rt =I ot pt BD et BY pt OY JOD BI DT re FOX Pt pt 3 et “Ny >on

w SESE

Armstrong Artioom Asso Dry Atchison

-3

3S Ng

PED

El] DDH y AE FAN a nN 8 nN Seo NY 0 [ a La

SNEN Ee © -~ a.

DOIN Wore PHAN ht 9 >»

-~ w

Atl Ref pf A... Atlas Corp .. Atlas Pdr Atlas Pdr pt. Atlas Tack Auburn Auto .. Austin Nich

El Paso Nat Gas Eng Pub “es Ene P8S pl.. Bureka ya2c ...

a | Evans Prod Ex-cell-o .

Of BNNINAOD

& —- Bs BIEISD

R-IDW-TOD 1

1g Sipratlligs

Aviation Corp..

{ Fair Morse ..

Fajardo = Waldorf Sys Fed Eo

Walgreen Walgreen pf ww 9 Walker (H) Walker (H) pf.

»N wn Ort FY pet DQ TD 00 Wn 00 in OD bn «TUT TCI BI

BY ht Cd bet ft pst Ft ew we

Ht ARRAN ES PEA B

w >»

ER © oa

.e TA bah 8 Fed Wat 8 A . y 's Ferro Enamel . iw %4|Fid Phen .. T

03 ION

1S T11

a @ han

SHLEIFER TEER

| Firestone 15 24! Firestone pt A 108% First N Strs .. Flintkote Florence Stove. Follansbee . Food Mach

B Barnsdall Beatrice Cr ... 33 Bendix Awvn .. 333% Ben Ind Loan . Lh Co 4 Beth S Fr di 1 . et tee p 3 8 | Foster Wheel Blaw-Knox ... 103 13 Pr y 74 | Otis Steel ..... 10 J0.e o : vq | Freept-Su’ohur e| Otis Sti ev 1 pt 38 "ogg : . Wl {Owens Ill Glass 62% : Bie ; g + 3 |Gair Roit ... 3% 3% ' 287s ‘ee 2334 . 22% 35

634 Brass . 13% Briggs Mfg ... | Bristol-My ... | Bklyn-M T s | BRIyn-M T pf “107 {Bkin M T pf ct Se {Bklyn & Q Tr. Bkiyn U Gas . 2 Bucyrus-Erie .. Bruns-Balke . 26 Budd Mfg .... 35 | Budd Mie pt .. 41 {Budd Wheel .. 53% Bullard 3134 Bulova W ..... 29% Burlington MM. 19% { Burroughs 1034 Bush T B pf ot 11% Bush Term 453 ple Brest : ‘el 6 Byers, A 1, {Gen ; “es Byron Jackson. 14 Gillette 8 R Gimbel Bros | Glidden | Gobel, | Goebel | Goodrich Goodrich pt Goodyear . Goodyear pf Graham-Paige Grand Un ets.

NON IR SR 8 BI - ® eo >

i *>e

3 i. Ohio Oil ... 8 Oliver Farm Eq Omnibus pf..... Otis Elev

ia | is

Nn » + ft bt pt w > pe AW »

J DELILILI rt tIRI LIES 1s Dre ~TEI NI Pt Bt pt

LS 2 tt DED COD It EIRICIRS 1a Dt TEI 83

- a*e

ON pa

ERIE E>

—

— C30 rt BIRICI BI 1a D ma ~TEI 03 %

hy Am Fish. 9 ac Coast 1 6 Ys | Pac Coast 2 Bt i»

2% 0 4 2 4 61 2 3 3 3 814

12 {C ..103 |W 1s | Ge At I : . . 1 , Westvaco 's ‘pt wid 3s | Gen | Gen | Gen

O00 30 +t Cd U0 et ed in 3 0 © DIT DIL 4 1 on © 00S) Tiel putt DID GS ep pee GS ® NT eNFEED OA pe pp eA San ER Rea

83 on 00 ry SNe

~ PDI BI

12 i 19 ; Cigar pt. 116% le Air ‘ys 2%

Electric . 37's Foods .. 487s G&E A .. la Motors . 53% Motors pf. 12814 Out Adv 6% Out Adv A 33% Pr Ink _.. 8% Ry 8 pt . 98 Refract

Shoe ... 14 we) pf.. Thtire Time nr 21 T 6 cupf.106 T & R 17% TV 173% 35% 2 T 64 1%

1 4 | Paraffine pt ...1001% {Paramt Pict... Tl | Parke Davis .. 44 parker Rst Prf Nn Park Utah ..

“a Worthington .. Worthing cvprof 50 Worthing pr pf. 39% Wright Aero 120 Wrigley 92

la . a vee 1034 Patino Mines... 72 Pen & Ford... 5812 Penney ny

pep iepieidyy | — | _ Bol et bt peat 83 Ore LIABIII D B03 =F

ot es B00 2300 = »

Peoples Dr New HE ples Gas... 36% Pere Mat pf «. 2 Bere Mat pr pt 3

FEL EETE ETT 40

CIEL

2 Zenith Rad .“ onite .. Pet Corp Am. . | Pfeiffer Brew.. Phelps Dodge. . Phila Co 6 pf Ph P

8% 35a . 45% I 5-18 la

LOCAL ISSUES

following potations by the IndlanShare orp. do not insed recent Ask

The apolis Bond & sent actual price Be ory but erely dicate the approximate market level ba on buying and selling quotations of transactions. Stocks Bid Agents Finance Corp com... * 53

+H Hd +;

| Grers &

681 | Caternillar To EA | Celan ese 343% | Celanese or of 1g Celotex . Celotex of . | Cent Aguirre . 25% Cent NI Lt vf ats V2 |G {Cent RR N J.. 455 458 .... Cent Viol Sug . 10% : “es | Cerro de Pasco

(NESE.

& Ir 33 | Pitts 54) pr pf.. .

Poor Port Ric-Am ‘a Stl Car.

H Grey Round Cp Grevhound 5'zpnf 11 15. Grumman Air E 24 Press Certain-teed 6! 18 Gu M & No pf 16 ‘ Procter & . ) , = | Ind Gen Serv 0%.) Certn-td 6 p of . . $ 32 ) . 4 114 .«._|Ind Hydro Elec 7 Cham Be Ww 20.2 A 34 | Hall Print ,.. 4 b Se . . 417 m 1

Ch Chic Gt W R pt t P&P P pl

& Ind Assoc Tel So Ind & Mich E

— FB pt bt C3 C3 69 03 bt Cd bt

— I Dee

Indpls P Indpls Water 5% p . . Lincoln Nat Life Ins com... 01a N Ind Pub Serv 5'2 i “es ‘109s N Ind Pub Serv 6% “oh 108 N Ind Pub Serv 7% pid. .

HA Ch

“ID DWRNID

Dd >

Chrysler . City I & FP. Citv I & F pf. City Stores .... Cleve Graph Br {Climax holy Co Peab Cluett Peab ot | Coca-Cola _.. 'Colgate-P-P Col

& Aik Col Fuel & Iron {Col Broadcast A 1&0! Broadcast B

Terre Heute Elec 6% pid. . Union Title Co com Van Camp Milk pfd. Van Camp Milk com. Bonds

+ | American Loan 5s 51. American Loan 5s 46 Citizens Ind Tel 4s 61 103 Crabbs-Re EE -Taylor Co, Ne Ft Wayne oor 1

Fae fp CN bh Cp pk CF OLD bt pt PN fn BD ICN FLEET LITE

Sh Ieee BD

s. 353

»S

Hudson Motor. Hupp oMtor

: ape © ' DNB BAND TESS © i+): 00D al © >

BID rt 3 pet 19 Co i 0) rs vw

Il Central ... ndian Ret ‘ass nd Rayo 2 ngersoll "Rand 11 nd Stl . 8¢

— - La -

Fae EEL

+ ot ow -

et Ot BI WEISS.

Fun

nd T ndpls bal, 3 , 68. ndpls Railway Inc 8% ‘81. . ndpls Water Co 3'%2 nterstate T&T 5'2 3 53 Kokomo Water Works 5%

3 orm ® ~ fn Cad CA Td CD IH 00 OY i 1 CD be Ty JOD be - NO ADEE NaI ON oe ~ et OO vet 03 DOWRBPOBDD

nspiratn Gop 1 nsshs_cts . nter nterchem nteiake Ir nt Ag pr of .. Business M 17¢ Harvester... 5;

ts = pe oo

lr ah ip Mo -- Nee

C Col Pictures ot. 0 Carbon .. Com Credit ... Com Inv Tr. Com Solvents .. Comwlith & So. Comwith So pf. Comwlith Edison Cong Naim... Aircraft .. asar Cigar pf . s Sig pr Pot bi Coppermns 8% Cons Edison ... 32 Cons RB i Sh, Cons a 3d ¥

& [H+]: On «JO “

3 ~Nas

“0 ~

2 9, 128%% 9 ’

69%

3 he

13% 47%

69%

Pub Serv o > Pub Tel Co 4'2% 55.. Richmond Wat Wks 5 ¢ Term Corp 5% 33 “Ex-Dividend.

FOREIGN EXCHAN GE [3

NEW YORK, May (U. P.).—Following are noon cable raver on major currencies: | Net Change England Psund) . -— 02's Canada (dollar) .. —.00 la France (franc) -.0001% taly (lira) ¥ pales -. 0003

pt po WD -

11:

FEEEE+LTRTLL

nt ntertype ...... Sharon Sh Sharp & . res eT Shell Un Oil . Silver King ... Simmons Sim Saw & Stl 24 Silos I pt ued 2 Sloss-Sh 112 Snider Pkg Socony-Vac

Cons Laundries.

Cons Oi tb Consumt Pw pf. 103. Container 183 Cont Bak Cont Bak

Tr 123% S's 1

Jarvis Co .... 14 2lJewel Tea .... 48 Jonng-pjun Jns & Lgh

ivi; H 7 ot es

H+:

Kelsev-Hayves

Belgium (belga) . . « | Finland (markka) > ’ : . 4 ® |Switzerland (france) Ye '® | Holland (guilder) . Sweden (krona) . Norway (krone) . Denmark (krone) Japan (yen) Mexico (peso)

LOCAL PRODUCE

Heavy breed diens, 5 lbs. and over, 12c; Leghorn hens, 7c; old roosters, 7c; Barred and White Rock broilers, 2 Ibs. and over, 20c; colored Drone 2 Ibs. and over, 19c¢; Leghorn brofiers, 2 Ibs. and over, 18c; No.

+.000 Unguoted Unquoted

C1 32 2 24%

TO Crucible St ne a | L-O-F Glass a9 Libby M &L

rcible BE |.

No. strietly fresh country run

$0-Ib. sacks) en | pgon Yellow Danvers, ish, $2.40; Texas

PEELE:

13'ge; {each ull case must weigh 55° gross; a net deduction of 15¢ for each case under lbs. will be mad

2 broilers, 1 fui

Fae R HO

"15 | St. started in August, 1889, as an i: | Light Co, , | time.

% [work for the company. He and Mr.

? | stands.

s |substitute operator; John Hare, 3349 . N. Capitol Ave., watch engineer; Ira

2/3458 Kenwood St.,

?/groundman and Robert W. San-

22 EMPLOYEES

Corn and Wheat Region Official Weather

HERE RETIRED

Charles Fausset Trimmed Arc Lamps on Circle In 1887.

Twenty-two Indianapolis Power & Light Co. employees, some of whom worked for the utility or its predecessor companies since the days when Indianapolis had arc street lamps, have retired. They retired at the end of work yesterday on annuities arranged by the company, which were supplemented by Social Security benefits. The retiring employees were honored by their department heads at a dinner Monday night and were given gifts by fellow-employees yesterday. One of them, Charles Fausett of Fortville, started work for the Indianapolis Brush Electric Light Co, the first in Indianapolis in 1887 as an arc lamp trimmer and lineman. It used to be his job to climb to the top of the tower in the middle of the Circle that held the five arc lamps which lighted the old park there. He was a line superintendent at the time of his retirement.

They Moved the Cow Matthew Gage of 1414 Prospect

employee of the Marmon-Perry which brought Edison |lights to Indianapolis for the first On Nov. 1, 1889, John H. Albright, R. R. 18, Box 156, came to

Gage installed the first incandescant light plant in the city in the old Spades Barn, in the rear of the site where the Columbia Club now The company legend is that the two of them led a cow out of her stall in the barn so that they could install the city’s first dynamo there. Mr. Albright also installed the lights in the State House. William Splan, 234 N. Delaware St., Apt. 407, went to work for the Brush company in August, 1890, as an arc lamp trimmer. He has been a clerk in recent years. Jensen Dean of Cashiers Hans J. Jensen, 933 N. Dearborn St., was the dean of the company’s cashier, having started work for the old Indianapolis Light & Power Co, in August, 1894. Phillip Fahey, 714 N. Belmont St., was a native of Ireland who went to work for the company in 1898. He was known as the fastest post-hole digger in Indianapolis. Others who retire are Charles Aneshaensel, 615 E. 54th St., mail clerk; Charles P. Balz, 1541 Park Ave. transformer repairman; Edmund H. Bingham, 2715 N. Meridian St., special representative; Thomas Brady, 622 Bosart Ave. watehman; Charles M. Ellis, Sherman Hotel,

W. Hart, 1856 Dexter St., overhead line engineer; Michael Griffin, special policeman; Joseph N. Kern, 39 E. Ninth St., clerk; Landy H. Lamar, 650 River Ave. filling station attendant; John E. Marshall, 2437 N. Alabama St., laborer; Robert Mershon, 728 N. East St., transformer repair foreman; Albert T. Miller, 730 Woodlawn Ave., substitute operator; Herbert Shepard, 28 N. East St.

ford, 4960 W. 16th St. watchman.

WHEAT PLUNGES TO

lessee By UNITED PRESS

~May 1, 1940— Precipi- Stdte of tation weather 1.64 Hail .35 2.02 1.39

.09 1.34 02

High Low «. 70 3

Stations Notre Dame

0 1.12 14 Cloudy

Cloudy Cloudy

t. \ ve ndianapolis .. Terre Haute .. Evansville .... Washington Olney, Ill . Charleston, I. Monticello New Harmony. Champaign, Ill. Logansport ... Covington Edwardsport’

U. S. STATEMENT

WASHINGTON, May 1 (U. P.) —Government expenses snd receipts for the current fiscal year throu B april 29, compared with

a year ago. T: Last Yea Expenses $7,933, S62. 492. 21 $7. 550,869, 985. 91 . 4,729,751,760.86 4,658,520,479.50

. oes

Receipts Gross Def.. 3,203,810,731.35 Net f .. 3,124,007,081.35

15.790.470.116.70 269,002,243.96

Gold Res. .18,754,625.707.18 Customs .. 203,546.760.85

INDIANAPOLIS CLEARING TOUSE

Clea Fings - ..$3.692,000 Debits 8.767.000

1 | Exchange

'MACY SAYS PRICE

OF EGGS MAY RISE

War abroad may bring a rise in the price of eggs in Indiana this fall, Thad Macy, educational direc tor of the poultry department of the Indiana Farm Bureau Co-operative Association, Inc., said today. He said that he based his opinion

v! “partly on the fact that Denmark has been furnishing England with Rain hacon and eggs, and now the 98

million dozen eggs which they purchased from Denmark last year must come from some other country.” The Canadian egg market has already advanced, Mr. Macy said, and “our own market has a much firmer tone because buyers are anticipating some of this business.”

MORE TIME REQUESTED NEW YORK, May 1 (U. P).— Officials of Electric Bond & Share Co., ordered by the Securities & Commission to show cause why their organization should not be required to integrate under the Public Utility Holding Company Act, have requested an additional 90 days in which to file an

LOWEST IN 3 WEEKS

CHICAGO, May 1 (U. P).—Liqui- | dation pressure dropped wheat prices | on the Chicago Board of Trade to the lowest levels in more than three weeks today. May wheat saw outside losses of around 3 cents as other grains dipped sympathetically. Wheat closed 2 to 23; cents lower, May $1.047% to $1.05 a bushel Corn was off 5% to 7s cent, May 64; Oats 3; to 3% cent lower, May 40% bid, and rye 12 to 1% cents lower, May 653, bid. Soy beans were unchanged to 2% cents lower, May $1.075. The selling movement in wheat was started by large commission houses in response to Mussolini's indication that Italy's position had undergone no sudden change. Stoploss selling which followed increased pressure and accelerated the downturn. Corn followed the drop in wheat. May corn steadied early in the session but deferred positions were consistently weak. RANGE Prev. High Low Close close $1.047 $1.07%

$1. 4 Ya 1 04's 1. 06% i 0418 1.04%2 1.06%2

Wheat—

July September ... 1. 07 Corne— May .... July September ... Oats

637% 641% , 64%

843 K. 37 657

.83 64% 65

403% Ju 3715 September ee 34% Rye

vase rans

J ‘ee 2 | September “es Soy Beans—

LR “es October ..... December

CHICAGO GRAIN

CASH 3 mixed, $1.07'%

6.82

Wheat-—No. Corn

34; ! No. w! S60. No. 3 ie 41@41%ec,; 38c. Rye—No sales. or yellow, “maltite. 17n bellies, $6. 12a. n Nominal.

leaf, bhi 37n; Bid.

WINNIPEG WHEAT

$5.40a; a Asked.

close 88% § 901

92%

May verse nsed ae 88% § Cit s Vv October 92% 901% 91%

WAGON WHEAT

Indianapolis grain elevators are payin for No. 1 wheat, 96c; subject to marke change. other aden on their merits. Cash No. yellow shelled, 59c; No. 2 White shelled, '65c; No. 2 white oats, 37c.

DAILY PRICE INDEX

NEW YORK, May 1 (U. P).~— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press (1930-32 average equals 100): TORY «ocr sv'essnrsnsrnrsnees 120.22 Yesterday ...oevecieccences. 12074 Week ABO .cevansessanssecsss 121.50 Month ABO .evsescecrvaneses ITT Year ABO .....v ev. ess 105.10 1940 high (Jan. 2) 123.34. 1940 low (April 2) 117.46.

sevae

Radio schedule and column

that a tropical is your

is the Kuppenheimer

two piece (coat and

Plain colors and smart

SPECIAL

Ayreshire

are on Page 8 of this edition.

L. S. AYRES & CO.

Kuppenheimer Tropical, 28.50

Now that May is here, a regular-weight suit

will be too warm for most days . . . you'll find

summer comfort. Notable among the tropicals

dark business shades or pastels for summer.

name, Kuppenheimer "Featherwate" at 28.50. MEN'S CLOTHING,

Our famous-for-fit Ayreshire shirt in a new lightweight, fine French chambray that's pertect for summer. In 8 mannish shades: Stone Blue, Mist Grey, Nile Green, Garnet, Copper and three high shades—Maize, Bamboo and Mint

Green. French front, with long-roll lounge collar,

answer.

Are Here!

best bet for spring and

"Featherwate" . . . a&

trousers) suit in either

stripes. Remember the

SECOND FLOOR

SELLING

MEN’S FURNISHINGS