Indianapolis Times, Indianapolis, Marion County, 29 June 1937 — Page 15
TUESDAY, JUNE 29, 1937
COMPLETE N. Y. EXCHANGE
STOCKS w
Ww
The Ti
THE INDIANAPOLIS TIMES
PAGE 15
imes Financial and Market Page
w
COMPLETE LOCAL
w LIVESTOCK
~~ MARKET RECOVERS FROM FRANC CRISIS
i
‘
“ rails and steels in the late
“ak LG
TO REGISTER GAIN
Steels and Rails Lead Other Sections Upward.
By United Press ° NEW YORK, June 29.— The stock market quickly overcame “influences of the French financial crisis and advanced under the lead of
morning dealings. Initial prices were lower in most sections on selling by timid holders. Losses extended to a point in U. S. Steel. The latter touched 95% and then came back to 97 where it was 3, point above the previous close. | Atchison reached 76'2, up 3!2 points, while other members of the carrier section gained fractions to a point in light turnover. Steels followed U. S. Steel higher. Oils improved fractionally. Farm shares, ‘weak spots yesterday, were better as were coppers. Westinghouse Electric, Montgomery Ward, Douglas Aircraft, Youngstown Sheet & Tube, and du Pont gained a point or more each,
FIRST HOUR
The market opened irregularly lower with trading dull. U. S. Steel opened with a point loss and then came back to !z gain at 963i. Other steel shares rallied to around the previous close. = Railroad shares weakened further at the opening but some issues came back. New York Central was up 2 at 35a. Atchison opened with 3 points gain. at 76. Chrysler broke to a new low for the year at 95!2 and then came back to the previous close of 961-. Copper shares strengthened with Anaconda up 1% at 51% Volume a opeaximated 170,000 shares compared with 110,000 in the first hour yesterday. Dow-Jones averages: Industrial 167.07, up .36; rail 50.56, up 39; utility 25.54, up .09. 3 SECOND HOUR - The market remained fairly steady and trading continued dull. U. S. Steel at 963% had 3: gain while other steel shares showed little change. Chrysler remained at 967; and General Motors had a small fractional gain. New York Central was at 353. Atchison maintained 3 points gain at 76. Copper shares also were steady. Volume approximated 90,000 shares compared with 220,000 in the second hour yesterday. Dow-Jones averages: Industrial, 167.11, up 0.40; Railroad, 50.57, up 0.40; Utility, 25.55, up 0.10.
Today's Business At a Glance
GENERAL BUSINESS
icago & Northwestern Railway Co.. week ended June 26 total loadings exclusive of ore 25,959 cars. vs. 25,593 in previous week and 27,331 year ago; ore loadings were 3671 cars vs. 3644 in previous week and 3461 year ago. «Dun & Bradstreet Inc. reports busines sfailures in U. S. week ended June 24 totaled 148, the lowest for any week since Nov. 26 vs. 166
2
MARKETS AT A GLANCE
.Stocks rally after early decline. Bonds irregularly lower; Governments irregularly lower. Curb stocks irregularly higher in quiet trading. Chicago stocks irregularly higher. Call money 1 per cent. Foreign exchange easy after
early firmness operations in francs suspended. Cotton futures easy. Grains futures k ‘her; wheat up 2% to 3% bushel. Rubber futures easy. Silver in London 20 pence a fine ounce, up 1-16 flenny.
Chicago Stocks
By United Press
2 ”n
>
Chicago cents a
Last Armour & Co .. Borg Warner ... Cent & SW Ut Chgo N W Ry . - Cities Service «.eeeseeee 2 Gen Candy ......... eee 14% Gen Finance ...eeeeeee 9 Jarvis W 2 Katz Dru cesses Ken- fred ‘Rube av Leath Co . Marshall Field ...... Mid West Corp .. Schwitzer-Cu Swift & Co
Alum Ltd Am Airlines . Am Cyan . Am Maracaibo . rere Am Super ......... Ark N Gas A. Austin Silver ......... Bald Loco Bd rts. eeeen Barium Stl . Berkey Gay Brown Co nf Carrier Corp .... Centrif Pipe Cities Serv -.. Cities Serv pf Col O&G Con Cop Mns Cooper Bes .. Cord Corp ... Cusi Mexic Dayton Rub Ford Gen
Jumble Oil Imp O Can Iron Fireman Lion Oil Lockheed Air Mich Bumper - i rv
Pitts Plate Gl St Regis P .. Segal Lock .. Sherwin-W .. Singer Mfg .. Std Oil Ky . .e Std Oil Ohio ... Technicolor Un L&Pwr A Wright Harg
ended May 31 net profit $248,765 or 34 cents a’common share vs. $90,644 or 90 cents on 7 per cent preferred in May quarter last year; 12 months ended May 31 net income $1,741.737 or $3.04 a common share vs. $1,153,237 or $.19 for preceding 12 months. St. Louis Southwestern Railway Co., May deficit after charges $97,694 vs. deficit $805 in like month year ago; five months deficit $456,871 vs. deficit $148,488 in like e yeriod year ago. DIVIDENDS Central Hudson Gas & Electric Corp., regular quarterly 20 cents a common share payable Aug. 2 record June 30. Hartford Flectric Co. regular quarterly 68": cents a common share payable Aug. 2 record July 15. Liberty Loan Corp., quarterly 30 cents class “A” stock payable July 1 record June 21 vs. 25 cents in previous quarters.’
in previous week and 165 in like week year ago. Oil & Gas Journal, week ended June 26 crude oil production esti- 1 mated at 3,538,147 barrels daily, an increase of 18,598 ov i week. Advertising Age reports week end- | ed June 19 retail advertising in newspapers of 78 leading cities 21,256; 845 lines vs. 22,057,003 in previous week and 21,614,120 in like period year ago; year to date 500,217,008 lines vs. 472,667,872 in similar period year ago or a gain of 5.8 per cent. National Lumber Manufacturers Association reports week ended June 19 lumber production of 537 mills 283,691,000 feet vs. 287,513,000 by the 546 mills in preceding week; shipments 241,304,000 vs. 275,156,000; ‘booked orders 205,139,000 vs. 208,449,000. CORPORATION NEWS
Chicago, Indianapolis & Louisville R. R. Co. net may operating deficit $15,544 vs. $50,975in like period year ago. Kroger Grocery & Baking Co, 24 weeks to June 19 total sales $118,118,503 vs. $107,476,741 an increase of 9 9-10 per cent. Southern R. R. Co. 3d week June gross $2,413,323 vs. $2,304,697 in like period year ago; Jan. 1 to June 21 gross $64,518,858 vs. $56,509,158 in like period year ago. Nevada-California Electric Corp. and subsidiaries, 12 months ended April 30 net income $805,016 after federal taxes vs. $100,854 in like period year ago. Virginian R. R. Co, first 5 months net income $2,683, 474 equal to $6.34 a common share vs. $2,158,929 or $4.67 in like 1936 period.
Metal Box Co., Ltd., (final) 10 per cent less tax a common share mak-
ling 15 per cent for year 1936 vs.
Ine per cent for 1935; this dividend 5 payable on the increased capital.
Maerex Corp., regular semiannual 50 cents payable Aug. 2 record July 10. Globe & Rutgers Fire Insurance Co., regular iannual $2.50 on $5 cumulative 2d preferred stock payable Sept. 1 record Aug. 31. Melville Shoe Corp., regular quarterly $1.25 a common share payable Aug. 1 record July 16. Simmons Co., interim 50 ceats a common share payable July 19 record July 8 vs. like amount on April 16 and $1.75 last Dec. 31. Sun Ray Drug Co., regular quarterly 20 cents a common share payable July 26 record July 15. Arlington mills 75 cents payable July 15 record July 3 vs. like amount on April 15 Champion Paper & Fibre Co., 50 cents a common share payable August 16 record July 31 vs. 25 cents on April 19. Gardner-Denver Co. extra 10 cents and quarterly 25 cents a common share both payable July 20 record July 10 vs. 25 cents extra ‘and quarterly 50 cents on common paid April 20. Globe and Rutgers Fire Insurance, regular semi-annual $2.50 a share on second preferred stock payable Sept. 1 record Aug. 31. Hat Corp. of America, 20 cents each on class “A” and class “B” common stocks payable Aug. 1 record July: 15 vs. May 1. Interchemical Corp, quarterly 50 cents a common share payable Aug. 1 record July 20.
_ Beatrice Creamery Co. quarter
PRICE INDEX AND COMMODITY QUOTATIONS
DAILY PRICE INDEX
NEW YORK, June 29.—Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930- 1932 average equals 100):
.. 145.44 1937 High (April 5)
Yesterday Week ago ........ Month ago ........
. 142.23 | 1937 Low 145.38 |
—
Following are the commodity prices used (tn compiling the
Today $ 1.21% 1.27 98
Commodity— Wheat, No. 2 red (bu.) ..ccees. Corn. Neo. 2 yellow (bu.) ... Rye, Neo. 2 (bu.) Oats. Ne. 2 white (bu.) ... Flour. spg. pat. (196-1b. sk.).. Lard, prime steam spt. (ib) .. Coffee. Rio 7s spt. (1b.) ... Sugar, raw 96 test (Ib.) Butter. 92 score (Ib.)
gs. avg. most sales (lb) ... Steers, avg. most sales ab.) i
sevee
(Copyright, 1937, by United Press)
Commodity—
Wool fine unw Cotton Midupland 158.26 | sik. 13-15 denters (June 21) . 141.12 Copper electrolvtio Lead spot (Ib.) Zine spot (lb.) Tin. Straits spot Silver Comm) bars Steel. Piz iron. Iron Age Coke Connelsville Cement
Week Ago $ 1.25% 1.1634 933% 4814 7.125 1147 09% 0345
Year Ago 9% 6734 68% 327% 6.875 1055 0634 0395 31 .1065 +0663
Douglas ftir. rough
Crude Oil
scrap and hides.
like amounts on
regular
"Lambs. avg. most sales (lb.) Hides native hvy. steers (lb.).. comb
Rubber spt. smk. rib (lb.)
(ib.) scrap Chicago dom. Portland (bbl.) Yellow pine. 6-in base (m. ft.)
Gasoline. tank wagon (gal.) 40 eravity
Source of Quotes—Chicago:
‘By United Press
Adams Exp .. Addressograph :
Am Woolen pf. Anaconda .. rm Ill
vk Dn 4 Auburn Auto .. Avn Corp
Bdgept Brass "2 Briggs Mfg .... Bklyn-M T ...
d Whee Boeing Fig Ris. Byers, A M ... 171
Cal Packing Can Pacific .... 1 Celotex Cent Foundry. Ches & Rio, oe Chic Gt W ‘ ChMStP&P bt . R160pnf...
Col Pictures vtc 28% Cluett Peab Rt. Com In Tr Com Solv Cong-Nairn Cons Edison
Cons
OLY sain grey Crane Co 41 Crane Co oN 1. Crosley Rad Cr Cor e Zeller ..
Curtiss-Wr
Davega cum pf. 0 Crane Co 5 pf . Deere pf
Pel & Hud w
Dime ines Douglas Air
u Pont
Eaton Mfg . Elec Auto-L .... 36 Elec Boat Elec & Mus Elec P&L .... T€ .ieiien Eureka Vac .... Evans Prod .... Fed Dep St ....
Fid Phen Firestone T
e y 2'| Gillette S R ...
Gimbel Gobel.
Gt North of Lo.
Hecker Prod ... 1114 Holland Furn_ .. 24% Homestake New 5 Houston Oil .. Tvs Hudson Mot . 14 Hupp Mot 3
Int Nickel ... Int P&P pf... Int P&P C Int T&T
Kalamazoo Stov Kennecoft . Kresge SS ote Kroger G&B
Leh V Coal ... Leh Val RR... Lehman la . Libby Mc&L ... L-O-F Glass Loew's Lone Star Cem. Lorillard .....
McCrory pf . Maracaibo EX. 3 Marshall Fld .. May D 8S 55
Mident Pet re
A
High . 150s 2812 7
Cons Film pf .. Oil 1473
Diss Seag of ‘ww Pa
. 161% 26%
et Law Close Change 15% V2 Ye 2012 67
28% 113% $15
V2
lo l4+4: +1 Cs te Naa
3 ®-
ESE RARE EE: eo a G3 ® WR QW ATN NEON BY
SLE LY HLL
Ww BDI SRWG dbs iat) onli pa GD ee
ONAN RAR
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11% 361%
5 14% 14 3
y ad @ ES eR ke
ne
333 221, 55%2 16Ys
261, 26Vs
INVEST
Adm Fd
ho ORL IN RE OWWN WL NWWRI NI BON 0 ih © DD NORVD IWIN TW on n oD SUONROODONARWD I
27.6 25.1
2 BI CJ
nN Pen nd Binion
49 23.34|
o fo XN - ME oP wo © [=]
6.4 Group Soll 1.28 9 1.31 1.61 1.41 1.35
L 1.
(By the N. Y. Security Dealers Assn.)
25 Bid Tine Invs 35,20
CR 8.50 Sune: AA 701] Sup ..
ING CO.’S
Ask G Sh 53 .75/Inv Fd C 14.65 .20 Keystone. 20.18 5Md Fd 8.717 ‘00/Mass Inv 26.18 .74Mut In P 15.01 t
2'Sp Trk 2istd Util - 8 cr 4 0; »C
[Tr "AB B oT st 1 c 2.95 'D 2.90 ~R qe USEL&PA 13.25 TB 2.36
tv Se Well Fd. 17:73
Quo
For Final Stock
See Later Editions of
The Indianapolis ‘Times
tations
a
Today $
ub)... Ib.) vines Jap b.)...
41
1.87 tees
(Ib.) 14
06021% 066214 57% 44%
toz.) (ton) comp iton) (ton)
15.95 23.25 4.60 2.2 60.00 52.50 095 1.27
Grains East
tm. ft.)
(bbl.
Boston: Wool.
nelsville:. Coke. Tulsa: Crude oil Ld York:
A150 A5%
1270
1918
Week Ago 1200 15% 41 1255 1.90% 1928 Je 0 060214 066215 5565 443 15.75 23.25 4.60 2.25
Year Ago 1075 A1% 35% 1233 1.651% .16 3-16 09% .0460 0490 A1Y 44% 13.00 18.84 3.65 2.55 50.00 38.00 092 1.18
iard steel Zine. ConAll others.
1.27
livestock St. Louis:
DOW-JONES STOCK AVERAGES 30 INDUSTRIAL cevneins veinsinpeei 166.71
“eessss cesses
—1.74 +0.22 -3.12 —0.32
Yesterday Week ago Month ago Year ago High 1937 194.40; low 165.51. ‘High 1936 184.90; low 143.11. 20 RAILROADS
Yesterday Week ago Month - ago Year ago High 1937 64.46; low 51.06. High 1936 55.89: low 40.66. 20 UTILITIES
sssseneervareres ss B86 56.09
Yesterday Week ago Month ago Year ago High 1937 37.54; low 25.98. High 1936. 36.08; low 28.63. 70 STOCKS
Yesterday Week ago Month ago ........ Sasa Year ago High 1937 69.97; low High 1936 66.38; low
57.77. 51.20.
High. 97
Tex pr... Mont Ward Murray
Nash-Kelv .... Nat Bis pf .... Nat Dairy Nat Jlstillers.. Nat Nat Booey Nat Supply .... Naiomgs
Outboard Mar. .. Oliver F Eq r
Pac G&El ..... Panhandle Paramt Pict. Ya Para Pict 1 pf. 121 Para Pic 2 pf.. 16'2
PEAK OIL USAGE SEEN BY AUGUST
Standard of Jersey’s Lamp
Foresees Top of 3,300,000 Barrels Daily.
1612
Times Special rn NEW YORK, June 29.—Peak oil consumption, as indicated by runs to stills, again is prophesied for late | H July and early August, with the high for 1937 around 3,300,000 barrels a day. - Before long, however, seasonal variations: in consumption will level off, the Lamp of the Standard Oil Co. of New Jersey
stated today. Peak runs to stills in late summer and in past years has been due|T to more general motoring during the warm season... The leveling off of consumption will be accomplished, it was held -by the - trade organ, through increasing use of automobiles in winter and growing use of oil as a household fuel. The publication, charting the “consumption curve” of oil since 1931, shows an annual pickup occurring around mid-winter since 1934. For 1937 a curve of estimation slacks off beginning in late July and an up-curve beginning in November. Ultimately, it is believed, the steadier level of runs to stills will permit of wide economies in oil refinery business without sacrifice to adequate supplies for the various consumer trades at all times.
BANK STOCKS
(Py Blyth & Co., Inc.)
*Bankers Trust *Central Hanover Chase National Chemical Bank & Trust .
ust Me tatearors Trust National City Continental m, Natl’ Chicago. 190° “First National, Boston 6 *National Shawmut, Boston .. 394 National City. Cleveland 7 FIRE INSURANCE “Aetna Pire City of New York .......... “i Feder al vie Frankli . Great Emerican
*Hanover flarviord
*National Fire Norih River .
Fir 2, Westchenter CASUALTY COMPANIES Continental Casualty wis Mass Bonding & Insurance in *Ex dividend.
U. S. STATEMENT
By United Press
WASHINGTON. June 29. -—— Government expenses and receipts for the current fiscal Yer 1hrotizh June 26 compared with a ag
26 5912
This Yea $8.021,091, 047. 5 $8, 785. Sao. i 13 5.248,578,854.65 4,080.381.485.00
Expenses . Receipts. Deficit
Customs 054. oday’s Purch. Total Purch. Inactive Gold $87, 309. 96 $1,057.903,135.24
FOREIGN EXCHANGE
NEW YORK, June 29.—Foreign exchange
opened firm. England ( 4.93% 4-.00 3-16 Eng. (60-d. 4.925, i-.00 3-16 Canada (doliar) .99 53-64 --.00 1-64 France (franc) - Unquoted Italy (lire) .0526 .00000 Ys Belgium fhelga) J6ss —.0000"4 Germany (mark) .. .4010 : . Seioanand (franc) ,2290 Holland (guilder) . .5499 Uhatioted 2479, 220275 .2870
ound) ill rate)
Spain (peseta) Sweden (krona) Norway (krone) . Denmark (krone) .. Japan (yen)
SEC POSTPONES HEARING
Times Special
WASHINGTON, June 29.—The.
Securities and Exchange Commission announced that it had postponed to August 17 a hearing on
the application of Distillers and
Brewers Corp. of America for permission to withdraw its $5 par common stock from listing and registration on the Chicago Board of Trade.
The hearing was originally sched-
FILES
Filing Supplies, Guides and Folders
W. C. Brass
and Associates 134 S. Mer. K1-9727
| Tex G T &
LATEST NEW YORK STOCKS
Hizn. Lagt. change.
1434 i in "% 8Y4 } /a ase en 1 YE 7 een . 5234 4 il 13, 5 » S08 31% ..100%% 513 Oil . 11% Dy Bak .... 15%
Park Utah .... Patino Mines .. Pfeiffer-Brew
+
7 35 public 24 Bt 99'2 teyn 23% teyn Tob BB 495s —
St L-S Eran vo Ya St L-S F 2 47g Schealey Dist - 30% 38% Sears Roe 85% Serve! Inc . 27%
nS H ... NN Shell "Un Oil -- 27%
RINININTINTOTO ID IA TH
Studebaker Superior O .... Swift & Co ... Swift Intl
Telautogrph Tenn Corp .... Texas Corp .... Sul ..... C &
Transamerica .. Twin Cy R.T.. Twin Coach
Un Oil Cal .... Un Pac pf Un Aircraft CpUnited Corp
Vadsco Sales .. Va-Car 6 pf ...
Bke ... Westing EI .... White Mot .. 20% ( Woolworth .... 44 43%, —¥ 5012 50Yz oy 2 221, ..e79 79
50Y2 22%, 79
LOCAL ISSUES
The following quotations do no sent actual bids or offerings, ne Lm ndicate the approximate market level as furnished by the brokers named. \By . Indianapolis Bond & Share Corp.)
BONDS
cuz Ind Te (TH) 41 Tel & T is % H Tel & Tel Ft W oc Ind Assoc Tel 4'.s Indiana Tel Co 5s Indpls Railway Ins os. 67 Indpls Water Co 31, Iyerstate Tel & Kokomo Water works 5s 58... Kuhner Packing Co 4's 49 ... 9 Morris 5 & 10 Stores 5s 50...10 Muncie Water Works 5s 65 ... Noblesville Hs IL, & P 62s 47...102 Ohio Tel Serv 47 Richmond WwW Ww 2 57 .105 Seymour Water Co 5s 49 ..... I H Trac & L 5s 44 H Water Works 5s 56 T H Water Works 6s 49 Trac Term Co 5s 57
Yellow Tr
Young Sheet x .
Ask. 102 105
xBelt Railroad & St Yds cum. xBelt Hailtoad & St Yds pfd. . Cent Ind Powe pf Ts On Pz} xIn ich Elec fd & Mic) Co pid Ts.. xInd xInd xInd xInd xIndpls
Ind Pub Serv pf 7s N Ind Pub Serv Co pia 6s ... N Ind Pub Serv pfd 5'% 1 P R Mallory Co com haw): Progress Laundrv Co Pub Serv- Co of Ind 6s . Pub Serv Co of Ind Ts. Smith-Alsop pfd Smith-Alsop com . . Terre Haute Elec Co 6s Union Title Co com cavenean Van Camp Milk Co pfd........ Van Camp Milk Co com ...... XEx-Dividend.
(Bv M ist & Cog) Market St. Ik nas Corp vee 31.99
LAND BAN K BONDS July 1955-45 ... {005 Ya Yie50
3s 3s Jan. 3s May 31s May 4s July 4s Nov. 4s May i 414s May 1 414s Nov.
BROKERS OPINION
NEW YORK, June 29.—Brokerage opinion today: HORNBLOWER & WEEKS—AL{tempts to anticipate a sustained turnabout in the prevailing direction of prices, insofar as the time element is concerned, are proving just as hazardous as was the experience earlier in the year when the market situation and surface developments were the reverse of what they are now. REDMOND & CO.—The character of news developments probably will continue to influence day to day fluctuations and should be watched as a guide to short-term policy. LAMBORN, HUTCHINGS & CO. —As the month of July progresses a better indication can probably be had of the outlook for fall business. E. A. PIERCE & CO.—Absence of any definite solution of the labor situation in its broader sense leaves the industrial picture rather confused. SHIELDS & CO.—The best that can be hoped is that the continued satisfactory business news will hold off important liquidation so that no further drastic break will be recorded. W.L. LYONS & Co. —If the tenor of the news from Washington should change, the market could easily reverse itself and it is to that quarter that most speculators are looking these days
AIR EXPRESS VOLUME UP NEW YORK, June 29.—Nationwide Air Express shipments for May increased 35 per cent over May a year ago, the Air Express division of Railway Express Agency reported today. May shipments totaled 49,383.
HEAVY RECEIPTS DROP PORK BIDS IN LOCAL TRADE
Lambs Decline 50 Cents to Dollar as Vealers Steady.
Responding to downward trends in other centers today and yesterday hog prices dropped 10 cents, ac-
cording to the Bureau of Agricultural Economics. Top fell,to $12 on choice 210 to 225-pound butchers while sows were 15 to 25 cents lower in a deal bulked at $9.50 to $10.35 with top at $10.50. An unusually active session developed in the weaker trade this morning. Good to choice cashed at $10 to $10.50 with mediums mostly at $8 to $9. There was quite a contrast in the quality of the cattle run of Monday and today. An attractive run of fed steers and yearlings drew excellent support from all sources, with the result of 15 to 25 cents advances on good to choice offerings. Strictly choice 1082-pound steers topped at $14.75, 1167-pound grading choice at $14.50, with several loads from $13@14, and other fed steers and yearlings from $12 to $13. Heifers topped at $12.90 for 663pound averages, mixed steers and heifers weighing 800 pounds at $12.50. Lamb prices locally . received the full brunt of sharply lower prices at other markets, and fell $1 under Monday's opening or 50 cents under the close. Good to choice ewe and wether lambs went irom $10 to $10.50, with mediums mostly $8.50 to $9.50.
June 22.
2oaht Lig 1140-160) Good and um
Lighiweights =) (160-180) Good and
Mediu Xs (160-200) Good and
Medjum werd edi 200-220) Lh and (220- 250) Good and Heavyweights— (250-290) Good and (290-350) Good and Phe Sows— 50) Good
choice. . choice . .
choice. . choice. .
Goo i (315-500) Medium aughter Pi (160- 140) Good and 330210. .90
—Receipts, 2000— (500-900)
(900-1100)
. [email protected] . 7.25@ 9.25 .. [email protected] . [email protected] . [email protected] [email protected]
[email protected] A at a [email protected] Common [email protected] Good and choice . [email protected] Common, medium. [email protected]
$ g [email protected] H0@ 6.50
(1100-1300) (1350-1500) . (500-750) | Good (750-900)
Good and Medium .. Low cutter Bulls, good Cutter, com,
! Vealers —Receipts, 1000— Good 2nd choice ..
Mediu . Cull a ‘common
Ste (250- -500) Good and choice. .$ 00010 00 Common, medium. 6.00@ 8.00 eeder and Stocker Calle (500- 800, Good and choice 1.75@ 2 50 Common, medium. 3 (800-1050) Good and choice . Common, medium. Heifers—
Good and choice Common and medium
SHEEP AND LAMBS —Receipts, 1000—
mhbs— Ss Lambe reisevereenss [email protected]
Com 7.50@ 8.50 Shoo Ewe
90- 178) ‘Good and choice 3.00@ 3.50 : Common, medium 2.00@ 3.00
By United Press CHICAGO. June 29. — 17,000, including 5000 Hii Market generally steady, 10 to 15 cents lower; packing Sows fully 15 cents lower; excepti best lightweight sows: top, $11.90; bulk good and choice 200-300-lb. averages, [email protected]; most 150-190 lbs., $11.25@ 11.80; good packing sows, 350-500 lbs., $9.89 a. aot few lightweights, $10.50@10. 60. Receipts, 7000; calves, tl ® chive market on all grades fed fed yearlings. strong to 25 cents peddling market on grass COWS and heifers; weak; outside demand broad for steers of value to sell at $13 upward; most grass steers, $10.25 down to $8. grass heifers, $9 down to $6: grass cows, $6. 25 down to $4.25; strictly grain fed steers up to $1575; several loads. [email protected]: best light yearling type steers, $14.60: very active marcet on baby beef steers ana heifers; part load heifers up to $13.75. new high: with numerous loads at $12@ 13.35; weighty sausage bulls up to $7.10; light and medium weight offerings, $6.25 @86.50; selected vealers. $10: stockers and feeders continue activ: Texas bred calves and yearlings. [email protected]: selects to $9.85. Sheep—Receipts, 5000 Oy 2300 directs; Sorina lambs and vearlings, uneven around steady to 25 cents lower: SEIN top native springs, $11.50: bulk. [email protected]: 6 doubles choice 81-1b. Idaho spring lambs $11.25 straight; fed California shorn, $9.50. medium to good vearlings, $8.35; slaugh’ ter ewes: $3@ LAFAYET NE 29.—Hogs—Market to 19 210-235 lbs. $11.606211.70, [email protected]; 180-210 Ibs., ; 160-180 lbs.. $11.50@11. go; bs., $10.65: 11; 3e 150 lbs., $10.2 ) 100-130 1lbs., 50@10; TOD ig down. Calves, $9 J Lambs, $9.50 own.
ogs — Recelpts,
20, cents lower; . 235-275 _ 1bs.,
ETN II
Bonds of the United States Government, Its Territories and Insular Possessions
Federal and Joint Stock Land Bank Bonds Indiana Municipal and Corporate Securities Real Estate Bonds and Preferred Stocks General Market Securities
Indianapolis Bond and Share Corp.
129 EAST MARKEY STREET
N.Y. Bonds
By United Press
BOND PRICE INDEXES 20 20 20 Indus Rails Util. 90.2 99.3 92.5 100.5 94.5 101.5 92.6 105.6 80.1 99.7 101.2 106.0 50.2 99.3 100.4 106.2 84.7 103.5 86.4 103.6 83. 71.0 89.3 Wonyripht ‘Standard Statistics Co.)
60 Bonds 93.5 94.6 95.9 96.3 89.1 100.7 93.5 100.2 93.3 93.1 83.0
Yesterday ..... Week ago Month ago .... Year ago Two years ago. 87.6 1937 high ..... 95.0 1937 low ...... 90.8 1936 high ..... 94.8 1936 low ...... 90.0 1935 1935
U. S. GOVERNMENT BONDS Treasury Bonds
Low Last 5.30 6.
O 4% u R oe. 806 By Na Ry 5s es 69. Can Pac deb 4s perp . o: M St PS PSS 2000
Cons Edis Ji 46 : Del & H ref 4s 43 Erie ref 5s 75
McCrory S McKe & R 5 v Mo K & T 1st 4s 90 ... Mo Pacif cv 5'2s 49 ....
Philippine R ds 37 -. Postal T & C 5s 53 ... Seab Air Lin he 45 ‘te So Pacific 415s 8 .
3 4s 61 .. FOREIGN ‘BONDS
Young S & T
Canada 3Y%s o1 Chile 6s 60 Cuba §'2s s 45 . German 7s 49.
Peru 6s 60 CHICAGO PRODUCE CHICAGO, June 29.—Eggs—Market, firm; receipts, 14.981 cases; fresh graded firsts, ‘20'2c; extra firsts, 03ic; current receipts, 19c; dirties, 18c; checks, 17c. stor- | -packed extras, 21!2c¢; storage-packed TSts, Buiter— Market firm; receipts, 16,170 tubs: extra firsts (90-9112 score), ) 29%,c; extras (92 score), 30c; firsts, 28Ysc; seconds. 23@25c: standards. specials, 30%a031c; (89 score), 28Yc; (88 score), 27Vs Poultry —Market. steady; receipts, 51 trucks: ducks, 9@12'.c; geese, TT: hens, 13@17%zc; broilers, 17@18c: Leghorn hens, 10@12%: turkeys, 13@15c: old roosters, 1294513050 fryers (including | barebacks), 17@21c; spring chickens, 18@ Cheese—Twins, 10@)6%cl Datsies, 16, @ 163%c; Longhorns, 16'2@16% Potatoes—sSupplies, fight: ‘omand. slow: market, steady: California White Rose. 3 [email protected]; U. S. Commercials, 8$1.37'2@ 1.45; California Barnetts, $1.60; Virginia Cobblers, $1.25; North Carolina’ Cobblers, [email protected]: U. S. No. 2. 90c; North Carolina Bliss Triumphs, $1 [email protected]; U. S. No. 2. 90c@$1; Oklahoma Bliss Triumphs, [email protected]. Arrivals, 83; on track, 349; shipments, 671. (The prices quoted are paid for stock gathered in the country w ile for deliveries in Indianapolis the prices are 1 cent higher. Each full case of eggs must weigh 55 pounds gross.) a Eggs—No. 1 strictly fresh loss off. 15c
envy breed hens, 5 lbs. and over, 13c; Leghorn hens. 9c. Heavy breed broilers, 1937 stock, 2 lbs. and over 15c. Leghorn broilers, 1937 stock, 2 lbs. and over, 12c. Bareback broilers, 1937 stock 2 lbs. over, 12c. Old roosters, 9c. Ducks, feathered and t and over, Geese, full-feathered and fat, 9 to 14 vg
No 1, 33%2@34'ac;
Bu utter—Creamery. No Butterfat—No. 1. 29c;
2, Sasi. No. 2, 27c.
DEALING SUSPENDED IN FRENCH FRANC
By United Press LONDON, June 29.—It was announced at the opening of the markets today that there would be no dealings in French francs, due to suspension of the. Paris bourse. The American dollar opened at $4.93 to the pound and hardened to $4.92 15-16. Suspension in franc dealings was on an indefinite basis, all dealings being banned until further notice.
WHEAT PRICES JUMP 2 CENTS IN CHICAGO PIT
Corn Prices Advance as Oats Show Small Gain.
By United Press ‘CHICAGO, June 29.—Wheat fue tures held their steady climb on the Chicago Board of Trade today, reflecting the very pessimistic reports on Canadian wheat prospects, should lack of rain continue, ~ At the end of the first hour wheat
was 2% to 33: cents higher, corn was % to 17% cents higher, and oats
were 7s to 113 cents higher.
Liverpool wheat closed with a gain of more than 8 cents per bushel and the extraordinarily strong finish abroad led to further buying of Chicago futures. One bit of pessi= mistic news in the Chicago pit to--day was an estimate by Sanford Evans, Canadian authority, that the crops on 7,000,000 acres have been irrevocably lost. Another was an unofficial estimate placing the Sas-. katchewan crop yield at 90,000,000 bushels or less, the lowest on record, Wheat receipts here were 22 cars. Trade in July corn was nervous in midmorning. Prices moved sharply in a fairly wide range climbing as high as $1.29 for July, a march up-= ward of 2 cents. December con« tinued weak, however, with only a
small fractional gain, Corn receipts were 9 cars.
WAGON WHEAT City grain elevators are paying $1. 11 for
d crop, new No. 2
Cash corn, ow, $1.1 Hay—No. 1 0.2 yell 3113, Oets
[email protected]. WINNIPEG WHEAT
40c,
$ sf. 30% 1.397
1.3912 1.307
NEW BOND ISSUES
(By W. L. Lyons & Co.)
Bid Assd Tel 4's 66 Ad City 3Vss 64 B & O 4las 39 . ssevas B F Avery. Sons 5s i Calif Oro 4s 66 Celotex 4! oY a7 .e veivase Cent Maine Pwr 4s 60 . ......102 Cent Maine Pwr 3l2s 66 ...... 34a Cinti G & E 325 66 ....... gi G & E 3les 67 CM O 23s 42 r Fla Power 4s 66 Fla Power 5s 66 Houston Lt & Pwr 3%s 66 Indpls Water 3 Yas 66 . Kansas P & L 412s 65 .. Koppers Co 4s 51 TYE Los Angeles Rev 3las 7". Louisville G & E 31 Metro Ed 4
1% 1 1.358 ‘8 1.35%
Ask 105 . 96 99
1095
y N Y State Elec Bas 4s 65.. Northern Stae P QR ELE a & E Inc $1is 66 Pac Lighting 4'%s 45 Safeway Stores 4s 49 Sou Kraft 4Ys 56 ... Sou Bell Tel 3's 62 .. Wisc G & E 32s 66 . Wisc Pub Serv 4s 61
MONEY MARKET
NEW YORK, June Ne mained unchanged today Money Taisy tes Banker's Arcepiances == .30 days, 1 7- -16%%; 60 and days. 12@7-16%: 120 gass: 9-16@ Y2%: M50 and 180 days. Ss @
9-167 Commercial Paper—Prime names, 1%. and 90 days, 1v3%.: 120,
Time Money—6! 150 _and 180 days. 112%. Rediscount rate 2%.
at New York. 1! RAIL EMPLOYMENT INCREASES IN YEAR By United Press WASHINGTON, June 29.—Employment by class one railroads in the 12 months ended in April increased from 1,049,723 to 1,131,030, the Interstate Commerce Commission reported. The increase amounted to 81,307 or 7.75 per cent. Payrolls in the
same period increased from $148,993,648 to $163,953,073, the commis-
cesenees 99 99's venne. BTV2 . 98% 100
srecenns
sion reported.
ciation $5,000,
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