Indianapolis Times, Indianapolis, Marion County, 19 June 1937 — Page 11

‘SATURDAY, JUNE 19,

COMPLETE

N.Y. EXCHANGE oe

STOCKS

~ JOHNSTOWN NEWS INDUCES CAUTIOUS | ACTION IN MARKET

Early Firmness Lost; Kresge Jumps 8 Points.

By United Press NEW YORK, June 19. — Stocks moved narrowly in dull trading today with utilities firm, steels and mercantile issues mixed and other groups slightly lower. Developments in the steel. situation, including declaration of martial law in Johnstown, Pa., brought caution in the market. Bears were

reticent to sell lest steel troubles be |

cleared up suddenly. Prospective buyers withdrew on fears of new difficulties. Trading lagged along without feature. Many issues firmed small amounts early, but gains were subsequently wiped out. Bonds moved narrowly. Cotton futures turned easy near the close. Kresge Department Stores preferred rose 812 points to 115, widest move on the %oard. American Can and American Car & Xoundry gained a point. Atchison lost a] point. Other changes among leaders | were fractional.

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Today viveve cessessssnsevss 168.60 ~~ 0.19

Yesterday o.ccccevsocseecss 168.799 o- 1.05 Week 2320 ....coesssecsese 169.49 — 1.28 Month ag0 ..ceeevscasseess 16397 — 0.31 Year ago ....:..... Jeesres. 156.53 — 0.85 High 1937, 194.40; low, 16551 High, 1936, 184.90; low, 143.11 20 RAILROADS Today ...:- Shinai ferris 53.40 — 0.25 Yesterday c..eeteccescecsss 53.65 — 0.23 Week 2F0 ..c...ecserenases 53.60 — 1.23 Month ag0 ...cceooenannns . b7.93 + 0.80 Year ago: .....ie.eaeeice 47.52 — 0.4t High, 193%, 64.46; low, 53.15. High, 1936, 59.89; low, 4066. 20 UTILITIES Today ......... riesreneses 20.3] == 0.05 Yesterday ..... casieusseris 26.58 4 0.45 Week 2Z0 ...ccosesieresees 26.78 — 0.40 Month 2g0 ...oceoseneenses 20.28 + 0.13 Year ago ......ccceeeeenen . 32.69 — 0.51 High, 193%, 37.54; low, 25.98. High, 1936, 36.08; low, 28.63. 70 STOCKS TodAY ccvevveceservasssnncs 59.20 — 0.13 Yesterday .ccccoveoconnsce . 59.33 + 0.29 Weekago ...ccocecsccnncens 59.93 — 0.91 Month ag0 e.ceeasseeene .. 61.01 +4 0.74 Year ago .....ceceoaccaces 56.68 — 0.46

..High, 193%, 69.67; low, 58.48. High, 1936, 66.38; low, 51.20.

Steel Outlook Turns Market Up in Week

By United Press NEW YORK, June 19.—The stock

market reversed a sharp down-trend this week when it appeared as if the steel strike _might soon be ad-

justed. Before the upturn the niet sank to new lows for the year on Monday. The industrial average that day lost 4 points in one of the most severe setbacks of the year with trading 1,310,000 shares, the hedviest since May 13. The utility average made a new low since 1935 but the rail average just escaped going through its 1937 minimum. A rally Tuesday was followed by a decline: Wednesday but the list held above the lows made Monday. On Thursday the steel strike appeared | to the trading element to be nearing its end especially since the Government was showing an interest in it to the extent of appointing a board of three headed by Charles P. Taft II, to study the situation from both sides. The rally was continued in the remaining five-hour session Friay at a slower pace. 2 Trading for the week, thanks to the large volume on the declining days, was the highest since the week ended May 15. There were two days above the million share mark and the average for the five-hour sessions was 978,000 shares daily. Small Change Noted The net result for the week was about a standoff as compared with the previous week. The utility group _made the best showing, regaining all its losses and closing the week higher. Ofl shares also were good performers on outlook for higher earnings. Railroall issues made progress in several sessions although late in the week their progress was retarded by outlook for labor difficulties in the near future. Steels moved over a wide area and late in the week showed strength. Auburn Automobile had a severe sinking spell but steadied. Other motors made new lows and then rallied. A long list of indvidual issues was depressed sharply. Bonds declined on the week with utilities the exceptions. Commodities improved. The foreign situation was less complicated although the French were experiencing financial difficulties and Russia had political frgubles,

COMMODITY PRICES

(By Athol, Proctor & Paine) COTTON | NEW YORK

| High Low Close Close .. 12.09 11.94 11.94 12.06

July ceeeeed

canes . 12.14 12.00 12.01 12.09 er i. 12.12 11.99 11.99 12.09 January «od. 12. 12.01 1201 12.09 Merch creates 12. 13 12.05 12.05 -12.17

Prev igh Low Close Close July ..e..ede . 11.98 3 3 32 13% ber ....» «32.11 e & H getoer ene 1217 12.07 0 12.07 12.18 January ..... «1220 1210 12.10 12.18 March ....... 12.25 12.17 12.17 13.24 May .......-. 12.30 12.22 12.22 12.30

meh Low Close Glose July ..-.. one 13 9.09 4 9.09 9. September ... 9.12 9.07 9.07 9.13

October aseere 9:08 9.04 9.05 9.13:

BUTTER Prev Close. Close NOVEMDEr, ceosstenccocone . J30Y 30% EGGS

i Clase. Close. OCtODEr 1ossesssesessasesese 24% 78

1937

- By United Press

Net Low Close Changt

A al Allied Mills rts

MARKETS AT A

Stocks irregularly lower in dull trading. Bonds irregular; Governments irregularly lower. Curb stocks irregular in quiet dealings. ~ Chicago stocks irregular. Foreign exchange steady in relation to the dollar. Cotton futures easier; off 3 to 8 points. Grains lower at Chicago; wheat to 235 cents a bushel. Silver in London 19 15-16 pence a fine ounce, unchanged.

off 214%

Hupp Jarvis W

Lion i Ret Mickel Food

Penn EI Sw

Am Ari Psi Barium Stl

Cities Serv

Con_ Ret St

1 B & Sh Equity Cp

Gen T & R

Imp O Can

Molybdenum

Root Petro

Technicolor Un Lt P

National

*Aetna Fire

Phoenix

Atl Git 2h B& Y, B

Celotex 4:

Sou Kraft

Peru (sol) Urugua

Mei

Ch icago Stocks

By U nited Press

Advance Alum |. Allsed Products .

ECL

Newport Ind .. 31 30% 30%

Leen

pC ad is ®

«w

Cities Service Consol Bis ,..... ’ Consumers Co ....

Ina Mi Tool.

DLE] EEL

Ken-Rad Tube Kingsbury Br .

Merch & Mig ‘A

Mid West Corp -..... , Mid: West pf ww ...... Midland United Mid Un

Miller & Hart pf Nat Standard Penn Gas & E.......... Pines Wfront .......... Process Corp ...... A. cific 21 4 pene st’ L Ee

Utility & Indus... Ut & In cv .pf... Viking Pump Walgreen Co

Curb Se

Gt W p A Chi Mail Order 241 & P Ch M St P&P pf

CO ba oo FP

-3 Ul. RN CEU @ WANT 1i44:

Nd HDD = CO DN) wd het CO BD ip ed pb CO -3

pf.. Can Marconi Carrier Corp

w»

» BO = CO = BD = 4 CC DI ib bk 4 EO

Cities Serv pf. Con Cop Mns .

ye fy RNR Gb NERA RY

... 34 Cons Edison PL 1924 . Ya

ey Noo -—

et Eagle Picher L

BD) ACD BO == On Co oes ® @"

Ford Can A

8 boon

N Grd: Nat Films. Gt Nor Paper.. Gulf O ........

Humble Oil ....

Lion Oil ...... Mesabi Iron ...

83 Mont Ward A..135 Rub M .... 12

Pitts Pl Gl.....

Rustless I & Stl 117s

Stutz Motor Sunray Oil ....

DALLES RELL

Un G on IN

BANK STOCKS

(By Blyth & Co., Inc.)

Bela T Mot 10a

SIEVING Trust ©... i visions *Manufacturers Trust ity 427 Continental ill Natl. Shicego. 131 *First National, National Shawmut, Boston vee National City,

FIRE INSURANCE

Franciscosuy a 2

City of New York Federal .....coii iis Ve Franklin... vv. ceviess . grees AMETICAN iv vvvvsvveiavs 3 SHANOVEr ....ccanve Hatttora, ain ee Sa oooh om

North River .

S Fire ... Westchester

A CASUALTY compavie Continental Casu Mass Bonding & BLY Winks vi *Ex dividend.

NEW BOND ISSUE

By W. L. Lyons & Co.) Ass’d Tel 35 ’66

Greyhound Corp Guant Sug ....

b vos Tear, 5% Li Reese Calif Oro "Pru ds 6 . 93

Cent Maine Pwr 4s '60 . Cent Maine Pwr 3% 6 Cinti G & E 312s ’6 Cinti G pe E, pis 67° CM

Oo 2 Fla Power Th 266 Pa Pager i Ss ouston Lt ower 312s '66.. Indpls Water 3l2s ’66 Kansas P & L 47 Koppers Co 4s ’51 Los Angeles Rev 3% Louisville G & E 3! Metro Ed 4s os

Pac Sthine 4Yss a Safeway Svajes i MO io lie

Sou E:ll fel’ 332s 62 ciiatived 9D

Wisc G & E 3V Wisc Pub Svc 4s

FOREIGN EXCHANGE

England (pound). Eng. (60-d. bill rt) 493 5- ‘16 +.00

PAE RH 0000 1-16 . 0526, »

Canada tdoiian France (franc).

2. an . Holland Aer) . Spain (peseta) ed krona) Norway (krone)... Denmark (kron).. Australia (pound) Austria (shilling) . Czecho. (koruna). Finland (markka) Greece {drachma Jugoslavia Pa, . New Zea. (pound) boland (zloty) ..- Portugal (escudo) - tmania (leu). Argent. (offi peso) Argent, (offi peso) Argent. (un. pes

Brazil (un milreis) Chile (peso)

(peso) Metoay sil

India (rupee).... Japan (yen)

Net High. Low. Close. change. Pure Oil........ 17% 17% 11% + U. S. Steel .... 96% 95% 95%

Gen. Motors ... 50% 49% 50 ae New York Cent 393% 382 38% — Bkiyn. Man. Tr 203% 20 2038 i.e Socony Vacuum 193% 19% 19% ....

Anaconda Cop. 51% 50 50% —

Comomnwith S 2% 2% 215

Texas Corp..... 58% 5a BI — 14

Crown Zeller.. 18% 18 18

Int. Nickel..... 58% 58 ~~ B58 — 9%

Gen. Elec. .... 53% 353% 52% — Chrysler .......102 1003: 100% + Packard ...... 8% 8g 8%: + Baldwin Loco.. 4% 4'% 4% —

Stock sales approximated "220,000 shares, against 390,000 last Saturday. Curb sales approximated 62,000 shares, compared with 105,000 a week ago.

Net High Low Close Change Ya

Miami ‘Cop .... 17% 18% 16% —

Mident Pet .... 37% 26% 26% + Ys Mission Corp .. 26 26 26 seen, Mo-K Tex ..... 6Ys 6Ys 6s — 1s Mo-K Tex pf.. BE 22a 22Va — Mo Pac pf .... 1% TVs Ts . ey Monsanto ..... 86 86 ws Bh Mont Ward .... 547s 54 , 5474 -—_ Ya Mother Lode’ 1% 1% 1a eee Motor Prod ... 29% 28% 28% — % Mullins Mfg B. 21 . 21 21 vans Munsingwr .... 24 24 24 eee MUTTAY «vious 11% 11% 11% + a —N— Nash Kelv .... 17% 11% 17% + ¥ Na cme .....7 18% 18 18. .... Nat Aviation 12% 12% - 12% + a Nat Biscuit 23% 23Y% 23% — ‘Ya Nat el eg 33a 33 33Y2 4 Ya Nat Dairy ..... 21%. 213, .... Nat Disti lers .. 20% 29% 29% — Ya Nat Lead ...... Ya 32% 32% — 7% Na & 9a 9Va 9% + Ya Nat R Mx 2 pf } Ya Ya. Jive Nat Steel ..... 8% TV: TY , Nat Te Va Ya Ve + Ya 0 10 10 + Ya

1 Nat Gypsum .. 13% 13 13

SRE

COMPANY BS RICHMOND SITE =

Johns-Manville Plant to Make Low Temperature Insulation.

Times Special NEW YORK, —June 17.—Johns Manville Corporation has concluded negotiations for the purchase of the Richmond, Ind, plant of the Fibre Conduit Company and intends to begin installation about July 1, of equipment for the manufacture of a new type of low temperature insulation recently perfected in the Johns Manville Lab-

oratories, Lewis H. Brown, presi-

dent announced here today.

This is the second new manu-

facturing unit to be announced by

this company within two weeks.

Work is to be started soon on the construction of a plant at Watson, Calif. for the manufacture of rock wool home insulation and transite asbestos-cement pipe. It is expected that the new Rich-

mond unit will employ about 150 persons when operations get underway Mr. Brown said. The plant, with 150,000 square feet of floor space, consists of three brick and steel buildings, two. of them two

stories high and a power plant.

It is located on a 30 acre plot

of ground and is served by a spur from the Pennsylvania Railroad.’ Built by the Fibre Conduit Company in 1926 it is now being vacated by this company due to a

consolidation of its manufacturing

activities in its Orangeburg, N. Y,, factory. The new type of low temperature insulating material to be placed in production in Richmond has been introduced after years of research

laboratory development by Johns

Manville, Mr. Brown said and: it is covered by basic patents. Characteristics of the produce include high insulating efficiency and lightness in weight which adapt it particularly for use on railroad passenger and refrigerator cars, mechanical refrigerators and for sound deadening as well as thermal insulation on automobile bodies. - At the present time production of this’ new material is all that is contemplated for the Richmond

site Mr. Brown said, although the strategic location of this plant near

the center of the midwest market may result later in the manufacture of some Johns Manville Building Material products here. Mr. Brown said that the management staff for the new plant will be recruited from existing Johns Manville factories but practically all others of the contem-

% plated 150 employees will be en-

gaged. locally. Johns. Manville’s business was established 79 years ago and today this. company is one of the most diversified of American manufacturers. selling fo and serving all basic industrial insulations and refractories and is a leading manufacturer of building materials,

acoustical products, brake - linings

and other allied lines.

FISHER BODY BUILDS PLANT AT TRENTON

By United Press NEW YORK, June 19.—General

Motors Corp. will erect a new plant | I in’ Trenton, N. J, in a $15,000,000 construction program, E, F. Fisher, Fisher Body Division general mana-

ger, announced today.

This will be the fifth important General Motors plant in New Jersey.

It is expected to provide work for

3000 persons.

Construction of the plant is part of a general program for expansion and improvement of Fisher. Body Division. in preparation for 1938 production. Products of the plant will consist of hardware and metal interior trim parts for closed auto-

moblle bodies.

LOCAL PRODUCE

(The prices quoted are bald for stock gashored in the country while for deliveries in Indianapolis the prices are 1 cent higher. Each fu]l case of eggs must weigh 856 pounds gross.)

Eggs—No. 1 strictly fresh, loss off, 15c

Heavy breed hens, 5-lbs. and over, 12c; pore 258, 8c. Heavy breed brotlers. |

io 2 1bs.. and over, Bb Kost stock, 2 lbs Bareback Beller siol 1337 stoc Se rheny a feos fara bs. A Geese, full-feathered and fat, 9 to 14 Ibs.

ame: nN 1. 34% @35%~" || 3. Y8@saThe. Buttertut—io, 1, 0c: No.

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S S St S S £ S S She

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. THE INDIANAPOLIS TIMES

+ The Times Financial and Market Page :

FINAL NEW YORK STOCKS

FIFTEEN MOST ACTIVE STOCKS High

Fi + 39%

ss 53%,

—0— . susaie 19 .... 60%

seo 31 Parker Rust Prf 23% P. elee 3%

he “Film 63% Patino Mines. ve - 14%

ry) Dnion Bil i 2315 Un fa Pac effic 130

pf 23Y rt Cp 26% ir Lines .. it

26Vs 1%

foe

13%

“9 . 46 —y— . 50

23% 82

. 31

LOCAL ISSUES

The . following quotations do not rep sent actual bids or offerings. but merely indicate the approximate market level as furnished by the. med. (By Indianapolis Bond & pn Corp.)

BONDS

brokers n

STOCKS Belt Railroad & = Yas eum. 5 ue . Home Tel & a ds Wayne.....

Serv Co of Ind 75 «ce.ea.e Smith Alsop ple buvessergtriny

S com ve Terre. Haute Elec Go 88 vrei

CO Van Camp Milk Co Mid: Van Camp Milk Co com. ...... 10

. (By M. P. Crist, & Co.) Market St. Investing Corp ... 32 U.S. STATEMENT 19. —Government

expenses and don for ihe » current fiscal year fnroug

June

his Year t Y .$7,847,160,077.51 $8,588 002,993." 3 31.0

= NBN Wo» 0000 ~3 +00 CY ~

BC Le

Salk

ddl bb

11.50@12. Rs aie Ae Hae 10.75@11. ION ricenie.e 7.25@1 (750-900) Sond and choice... 10.75@12. Common. medium. 7.00@1 Cows GOA. eis ...$ 6.75 Common and medium ........ 5.75 Low cutter and cutter ....... 4.00 Bulls, good .............. I Cutter, com ............. sees 5,28 Vealers —Receipts, 25— Good and choice ............. $ 2.00@10 Medium! .......... 00 ined 8.00@ 9 Cull and COMMON 2 ivviiceanais 6.00@ 8

Ste

Shorn Ewe

rects. Market nominally steady. top, $h 55 nominal; practically 0gs

> »

2 =

=~] Today Total Pure Inactive Gold. a 196.33 $994, 153,946.23 Set

IDIANATOLIS CLEARING HOUSE _

Hog PRICES BAIN ~15 T0 25 CENTS

i IN LOCAL TRADE

Top Reaches $11.65 With

Lights Showing Most Advance.

Light receipts proved the main incentive in boosting hog prices substantially as reported by the Bureau of Agricultural Economics, U., S. Department of Agriculture. A rise of 15 cents on weights above 160 pounds and 25 cents on light lights and pigs placed levels 25 cents to 35 cents above the close of last week. The fact that. ail shipping orders could not be filled Fri-

day instilled bullish sentiment into

the . market today. - Top rose to $11.65 on choice 210 to 225 pound

weights, while light lights sold, from

$11, the highest point since the first of June. Sows shared most of the day’s advance, ranging strong to 25 cents higher at $9.75 to $10.35, with the top $10.50. Hog receipts were estimated at 1000 head. Compared with close of last week, fed steers and heifers were 25-50

cents higher, cows and bulls strong

to 25 cents higher; vealers $1 higher, and stockers strong to 25 cents up.

Week's top weighty steers stood at

$13.50. Steers and yearlings bulked from ‘$11 to $12.50. Extreme top heifers reached $12.50. Compared with close of last week:

Native spring lambs are $1 lower, and sheep steady.

Closing bulk good to choice native springers is $11 to $11.50. The

week’s lamb top reached $12.50 early.

Best, yearlings made $8.50.

{ HOGS June ‘Bulk Top Receipts 11, » [email protected] $11.40 €500 14, [email protected] 11.40 5000 15 [email protected] 11.30 000 16. j0%0a0 11.20 4000 1 '[email protected] 11.35 3000 3 [email protected] 11.50 5000 11. 35@11. 65 11.65 1000 Liens Lights (140-160) Good and choice..$10.25@11. 3 Medium: ...... [email protected] Le 160-180) Good and choice.. [email protected] edium .......... [email protected] (180- 200) Good and choice.. [email protected] edium .......... [email protected] Medium Weig hts— . (200-220) Good and choice.. [email protected] (220-250) Good and choice.. [email protected] Heavyweights— (250-290) Good and choice.. [email protected] 1290-350) Good and choice.. [email protected] Packing So (275-350) Good [email protected] 350-425) Good [email protected] (425-450) Good [email protected] (275-500) Medium [email protected] Slaughter Pigs— (100-140) Good and choice.. [email protected] J Medium _......... . [email protected] CATTLE —Receipts, 200— (550-800) Choice ............ [email protected] Good cv ivicivesan [email protected] Medium .......... [email protected] Common ....eees-s 1.25@ 9.00 (900-1100) Choice ....cees.0.. [email protected] Good -.......e0... [email protected] [email protected] 17.75@ 9.50 (1100-1300) [email protected] [email protected] [email protected] (1300-1500) . [email protected] [email protected]

(500-1750) Choice ...... i

09299 O95 SIND

Calves

(250- -500) Good and choice. .$ [email protected] Sommon, medium. $.00 8.50 er and Stocker Cattl

(500- 800," Good” and choice 7 “15@ 9.50 mon, ain 6.50@ 1.75 (800-1050) Good and choice . 17.50@ 9.75 mmon, medium. 6.50@ 7.75 Heifers— Good and choice ........... 7.00@ 8.25 Common and medium ...... 6.00@ 7.00 ‘SHEEP AND LAMBS

=Receivis, 75— Spiing 1 Tambs- ™

(90-175) Good and choice.. 2: .00 Common. medium. 1.5 .50

By United Press

CHICAGO, June 19.—Livestock: Hogs—Receipts, 2500, including 2000 dino on

sale ttloL-Receipts. 500; calves, 100: steady.

Medium weight and heavy steers, 50c higher: yearlings and light steers, 25 to 50 cents higher: common and medium grades, 2) weights, at a new crop high, $12. highest in 7 years; cows; weak to 25 ene lower: bulls, 10 to 15 cents higher: choice shipping vealers steady. others 25 to 50 cents lower: extreme top, $15.60, paid for 1442-pound specialities: practical top, $14.75, heifer yearlings, $13.50: bulk grassy cows, $6@17,50; choice fed cows to $10; stocker and feeder trade, 25 cends higher.

heep—Receipts, 3000; steady. Native

spring lambs, 75c@$1.00 lower, spoils off more: sheep steady; keek’s extreme top native spring lambs, $13.25 early: closing top. $12.25; nT bulk, $11.50@13; Idaho springers. [email protected]: double fed Californias rosie) | $11.50; top dry fed Jar lings, $10.25; slaughter ewes, $2.50@

YNE, June 19% —Hogs—10¢ high:

FT. WA er; 225-250 lbs., $11.45; 250-275 lbs, $11

200-225 lbs. $11.25: 180-200 Ibs.,’ ara:

275-300 lbs. $11. 20: 300-350 1bs.,

120-130 lbs., $9. 0: -120 1bs., $9.45; roughs, $9.50; stags, $8.25; calves, $9.50; Iashs 05

TE, June 19.—Hogs—Market, 100%¢ hSH hers Sls; 25¢ othe 210- 213 Si ne 1.5 2350318 $11.30@ 180- 910

[email protected]; 1bs., “1t Too 2 40; 160- Ton ha $11.10@ i120, 140- Jo 1bs., [email protected]; 100-140 lbs.,

9.75; roughs, $10 down: calves, 50¢

lower; $8.50 top; ‘lambs, steady; top, $10.50.

CHICAGO PRODUCE

Boul Math quiet: receipt

trucks. Ducks, 9@12%z¢; geese. T3@ LTV . hens, 13@1l7c; broilers, 3 1ic; leghorn hens, 10@12c; turkeys, 13@15c; old roosters, 12@13c: fryers (including barebacks),

16@18c; spring chickens, 17@22c. esse TW ILS, 15% %@18e, daisies, 16%4@ 16%2 jonghorns, 16 %@ 16? Potato es— (Old 8! riies light;

demand light: market steady. Washin ngton Russet Burbanks, $1. So. pew stock) —i

plies moderate; dem slow; EE weak to steady. ‘North To, Cobblers, Srdo@l, 50; U.S. No, 2, 200900: California White Rott a si [email protected]%: U. 8S.

Commercials $1.4 55: Arkansas Bliss Triumphs, $ 3 JL a ‘Oklahoma Bliss TrikmBhs $1.3 .45; ‘Louisiana Bliss Tri-

Hmphe 1. .55; Louisiana Cobbless: 0: Alabama Bliss Triumphs, 3-882 [email protected]; Mississippi Bliss ympLs, 1.60° bes Triumphs, SL 35@1. De Ar-

cases; fresh graded Arste, 19%c; extra firsts, 20c;

current receipts, 18%c; dirties, 18c; checks, 17c: storage packed ‘firsts,

21c} storage packed extras, 2lc. Butter—Market steady: receipts, 21.720 tubs; extra firsts, (90-91'2 score) 29@ 29%c; extra, (92 score) 30c; firsts, 27@ 28%c; - seconds, 23@26c; standards, 29c; specials. 30%.@31c; centralized, (89 score)

Yac; centralized (88 score). 27%c.

MONEY MARKET

YORK. June 19.—Money rates were

unchangeq today.

Bankers Acceptanes — 30 days, 2@

7-16%: 60 and days. 9-16@%%: 120 days. %@8-16%: 9s and 180 days, Ya @

8 0. Commercial Paper—Prime names, Time Money—60 and 90 days. A "i, 0 and 180 days. 1%%. Rediscount rate at New York. 1%%.

New York Bonds

By United Press BOND PRICE INDEXES 20 20 20 60 ‘Indus. Rails Util. Bonds Toady ........ 91.0 93.0 100.8 95.0 Yesterday ..... 50.0 93.2 100.9 9.50

Week ago ..... 91.2 94.4 101.1 95.5 Month age ... 91.7 94.2 101.2 93.7 Year ago ...... 90.8 93.5 105.6 96.6

Two years ago. 87.6 81.1 98.2 89.0 1937 high ..... 95.0 101.2 106.0 100.7 1937 low ...... 90.8 93.2 100.6 84.9

1936 high ..... 9L8 1004 106.2 100.2 1936 low ...... 90.0 84.7 103.5 93.3 1935 high ...... 91.4 36.4 103.6 93.1 1935 low ...... 83.6 71.0 89.3 83.0

(Capyrizht Standard Statistics Co.)

TEN MOST ACTIVE BONDS

Net Mo. Year. Close. Chge. Ago. Ago. Adams Exp 4s ’47..100%% ..... ..... ... Erie 1st 4s Con ’96.. 99% ..... ..... 105 Phelps Dg 3's 52 108 — %% ..... .i... Nat Steel 4s ’65...105% — 14 108 1067 N YC SL 5%s 14. 96% — 153 99 99% CMS P&P 5s 2000 7% ..... 97% 8 Pu Oil 4%s ’50 WW. 112% + 75 11434 115 Third Ave 5s '60 adj 18 — 4 23% 36% Cons Ed 3%s ’56...103'% + 15 10215 ..... N Y Cent 3l4s ’97. 96% — 14 96%4 1013

Bond (tpansactions _ approximated $3,010,000, compared with $3,775,000 last Saturday.

Treasury Bonds 3las 1941 ... y 398s 194-43 3Vas 1945-43 31s 1946-44 45 1954-44 14s 1947-45 s 1948-46 Yas 1949-46 Yas 1952-47 Jas 1951-48 2'2s 1953-49 2%s 1954-51 3s 1955-31 27%5.1960-55 ......... 15 .15 5 2%,5 1959-56 “......... 99.15 99.15 99.15 U. S. Certificates Bid

A September 3'%s 1937 ...100.24 100.26 ... February 23s 1938....101.9 101.11 0.42

March 3s. 1938......... 101.27 101.29 0.39 June 2%s 1938.......... 102.9 102.11 0.48 September 2'>s 1938....102.8 102.10 0.61 March 12s 1939........ 100.19 100.21 1.12 June -2Y%s 1939......... 101.256 101.27 1.18 September 13ss 1338: .100.6 190.8 1.26 December 13s 1939....100.5 100.7 1.29 arch. 1%s 194 100.21 1.38 June 1Y%s 194 00.8 1.41 December 1%2s 1940 100.1 1.49 arch 1las 1 99.29 1.53 June 13ss 1941 99.12 1.54 December 1Vs 1941 98.26 1.53 March 139 1942 100.8 © 1.70

LAND BANK BONDS Bid. Asked. Yield. 4s 101 2.86

3s July 1955-45....... . 10034 : 3s Jan. 1956-46 ...... 100% 101 2.87 3s May 1956-46 ...... 100354 101 2.88 3Vss May 1955-45 .... 102 1023s 2.91 4s July 1946-44 ...... 109 109%. 2.55 4s Nov. 1957-37 . .1101% 101'a

1023s Z . 4Y%s May 1957-37..... 101% 10132 .03 4%s Nov. 1958-38.... 103%: 104 . 1.26

Federal Farm Mortgage Bonds

3s 1040-44 ......... 102.12 102.12 102.12 Home Owners Loan Bonds 2%s 1949-39 1904 7 190: 8 2Vas 1944-42 . 30 30 3s 1952-55 101.30 101, 130 101, 30 DOMESTIC BONDS Abitibi 55 53 (M)..... » 96% 9614 964% Alleg Corp 5s 49....... 022 92Va 921» Alleg Corp 59 44 ....... 2 98% 98% Am & For P 5s 2030 76%2 16l2 T7612 ATT deb 5%5 43...... 113 11278 112% Anaconda C 4!2s 50....106 105% 105% rm Ceo 4s 55...... 97%

t os ; At T S PF gen 4s 95....110% 100Y%s 100% Atl Coast 4l2s 64.... 9112 91's. 9112 Atl Coast L 4s 52 ..... 102 102 102

Can PR eb 4s perp’ oo 95Y4. 9475 847 Cent hn EI'58 81 '....4. 10172 1012 101% Cen Pac 5s 60 ......... 8 97%. 98 Ches & Oh 3%s 96 . 97% 973% 97% Chic It ref 3s 49 ... 53%; 5312 531; Chi East Ill 5% BY ..... 4} 341; 341; LP P 5s 75 . Ys - 2] 24 / et % 3 0%: 10% 10% 32 "101% 107% -102 102 Ys 10 104s 8° 108° 108° | 2% 92% 923 Ve 107Ys 107% Ya 10 10214 Rote Vy 10 Ye 100% ia 1032 103%: iz 107%: 107% 5s 100%z 100%

4 104 907s 109% 10834 10834 CM3Ys Erie ref 5s 67 ...:.. 3Y2 74 Flor E Coas 5s 74 ...... 10%; 11 11 Gen M Ac 3%s 51 ....101 10034 101 Goodrich 6s 45 : Goody T & R 5s 57 Gt Nor 4s Gt Nor 4s Hud Man ref 5s 5 Ill Cen ref 5s 55 Ill Cen 4%s 66 nt Gt N 1st 6s A52.. Int Hy El 6s

3 Penn RR gn 4l5s 65 111% 111% Penn R R 4} 107% 107% Pere Marq 5s 1022 102'2 il oal 16% 10% Philippine R 21 21 t G E 4 57 57 Postal T & C 24 2413 em Rd 4Ys 56 10634 106% Eee Stl C 4Y%s 50 . 1525 152% t LSF 4s A 23 Seab Air Sin 6s 45 .... 15 15 15 Shell Un O 3%s 51 .... 98's, 984 Soc Vac 32s 50 . 105%a 105% So Pacfiic 4Y2s 81 85 852 So Pacific 4s 86 So Pacif col 4s 49 95 95 Sou Rwy 6%s 56 98 98 0 Ss A 16 .. 962 96% ou Ry gen 4% 56 5% 75% Stan Oil N J 3s 61 977% 98 Texas Cor 3's 51 1033; 104 Tex&Pac 5s B 77 2 102 Third Av adj 7% n Pac 1st 1127 11274 United Drug 5s 5 4 961% Rubber 5 7 107% Va Ry Co 3%s 66 10415 "10415 Wabash 5'%s A 32 Warner Bros 6s 39 94% 941% West Union 98 Wheel Stl 4's 66 991

991% Young S&T 4 100% 1007

FOREIGN BONDS

High Low Close Argent 5'%s 62 ........1003% /100%2 1003; Australia 5S 55 ...... 108 10773 108 Brazil 6'2s 26-57....... 393% | 3913 39% Canada 5s 52 ........1121% | 112V¢ 112Y% Canada 3%4s 61........ 99% | 993% 9935s

Canada 2! 28 45....000. 90%2 | 99% 99%s Shite 6s 60..:.. Vieealss 20% 20%a 20%

memecr seoeant DEPOSIT INSURANCE CORPORATION

pian:

COMPLETE

+ LOCAL

LIVESTOCK

IDEAL WEATHER CAUSES 2-GENT DROP IN WHEAT

Corn Prices Decline While Other Grains Ease Slightly.

By United Press CHICAGO, June 19.—Quiet liquidation brought out by weakness abroad and ideal weather conditions

over much of the North American grain belt forced wheat prices down

for moderate losses today on the Chicago Board of Trade. At the close wheat was 13; to 2% cents lower, July $1.07; new corn was 1% to 1% cents lower, July $1.12%; old corn was 11; cents lowe er, July $1.121%; and oats were 1; to 7s cent lower, July 39% cents. Weather reports showed ideal conditions in the harvest belt of the Southwest. Unsettled weather existed in the Canadian West and it was believed that further rains would be reczived over the weeke end. Corn prices here reflected the dee cline in- wheat. Favorable weather conditions checked buying power and selling brought out by the weakness in wheat pushed values back about a cent a bushel. Sais and rye showed a soft undertone.

13 CHICAGO GRAIN

Wheat— Prev, High . Low ' Clos JUIY “.... .$1.08'% $1.065; $1.077 s1%0850 Sept. . 1.077% 1.06% 1.06% 1.08% Dec. ..... 1.09% 1.08% = 1.08% 1.10% Corn— xJuly Laie Cogn 1 xxJuly 1.133; 1.1235 1.127% 1134 xxSept 1.0173 1.00 1.00% 1.02%, xxDec. 1512 4% 412 76 Oats— July ...... 3934 .387 39! y Sept. 35 341 345, 35.8 Dec. ..... 3638 .36 36Y4 36% Rye— July, ... . 8234 817 82! Y Sept. ..... [7% 3st Ei: 7a Dee... 8 TVs TTVa 78% Soy Beans--uly ...... 0... ens cans 1,00 Oct. ...... 1.062 “1.05 A 1.06% Dec. ..... 1.05'2 1.04'z 1.05% 1.06 Lard— July .....11.40 1.27 11.32 11.40 BD. seuss 11.67 11.55 11.57 11.67 ise 11.70 11.55 11.60 11.70 Des, ee pie a js 31-23 11.27 11.35 esha 11.2 5 xNew; xxOld. 5 ns PRIMARY RECEIPTS Toda ne, Wk. 0 s . Wheat trsesdessvianess. 540,000 ° 265,000 Corn tensridvennae asi 312,000 440,000 OAS .ecivitvinnenn.il, 65,000 264,000

CASH

Wheat—No sales. Corn—No. 2 mixe $1. 13%: No. 4 mixed, $1.11; No. 2 x low, $1.15%@1.16%: No. 2 yellow lake, $1.14%>; No. 3 yellow, $1.14%2: No. 4 yellow, 11: No. 2 white, $1.16: No. 3 white,

No. 2 white, vec No. 2 white cereals, Ill. crop, 481% No. 3 white, 47Yi@48c; Semnle, 43c. Ry ’e—No sales. Barley—Feed, 53@67c: malting: 15@95c. Soy Beans—No. 2 yellow, $1.24%[email protected]. Timothy De [email protected]. Cash Provisions—Lard, 25 nominal; loose, $10.77 Beminaly leaf, ti 50 nominal; bel lies, $16 ask.

LOCAL GRAIN

1 eat Market, weak: no’ red, $1.15; No. 2 red, $1.14: er a $1. 15; No. 2 hard, $i.14 Corn~Markes weak; receipts, 36 carloads; No. 2 white, 3 15%2@1. 21,1815: 8 Soa. Dh 8 we) 147 e, 21.11; No. ow, 110 L@LL15l: He 3 veilon w, $1. 0861.0 097

0, 5 vellow. +51 [email protected]: No. [email protected]; 3 mixed. [email protected]: No, 4 mixed, $1. 0361 un" Sats Marker, weak

reciepts, 7 carloads: 2 white, 432w $4320: No. 3 white, 4203 43tae. Pes

WAGON WHEAT

City grain elevators are paying $1.06 for No. wheat, other grades on their vie. Te corn new No. 2 yellow, $1.13, Oats, 33c. Hay—No. 1 timothy, [email protected],

WINNIPEG WHEAT July .....§L20% $L10% $120 $1217 Oct. WL reg ii Mids Dec. "...11 113% iios Tider 11%

INVESTING CO.’S

By the New York Security Dealers Assn.)

2.0 m Bus 1.13 1.25|N Eg Fd 17.94 19.29 Ass Std 17.12 8.00/N Y, Stocks, Inc. Ban BI 8.5 9.50, Bank... 11.84 Bk Gr Sh 1.67 181 Bldg... 11.07 11.96 4.9 es wee 11.79 13.93 Broad St 33.12..35.42| Ins ... 10.13 10.95 20.25 22.00 Mach . 12.34 13.32 25.26 27.16 R. R. Eq 13.56 14.63 h 2.91 i] eel 13 2 Js 3 vy erred 3.00 «2.94 ....INATr1953369 .... 357 ld 5.. ee 352 ....1 1958. 382 .... 6.1 01958. 3120 LL 3.47 3.78] gar Inc 17.00 18.63 3.01 4. 410 Pp Tr. 13.54 B NY 2.29 Ser A Inc 13.92 15.18 Dp Ins A 3.39 Ig Inv: 1.03 11 3.18 SPY Tek 19.76. 20.80 4.75 4.00 4.25 6.95 . 70. Sta Sul 13 79 1.84 .1.99/Sp Cp A 3.92 38.00 39.00] » 5 vi 4.06 . 26.11 23.12; >» OC... 7.59 . yi 25.87 ” a 3 59 . » a. 18up, . 82 . Inv 22.58 23.84] ”

6.00 6.63'8up New 13. 7 1a .52 .ITrs—Ind 143 1.58 Gen Inv 6.61 7.19] Th id. Group Securities 20 2 on 4> NE ri. Ato. 1. i h J USEL&PALS 8 1513

FOOD PRICES

CHICAGO, June 19. — Apples—Willow

Twigs, $1. 5@ 2.25. Sweet Potatoes—Tene nessee Nancy Halls, [email protected]. Carrots—e

California, crates, [email protected]. Spinach—

Illinois, bushel, 10@35c. Tomatoes—Texas,

lugs, $2@ , lon Tian

crates, [email protected]. Peas — California, hafiners $1.40@2. Celery—Half crates,

$3.75@4. Onions (50-1b. sacks) — Texas whites, $1,

TRAVEL BUREAU

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rfid es 6%% and 6% Pfd. ~ T0BL : : 415 LEMCKE BLDG. : |