Indianapolis Times, Indianapolis, Marion County, 8 July 1937 — Page 20

Page PDF (10.93 MB)

Back to issue view

PAGE 20

THE INDIANAPOLIS TIMES

URSDAY, JULY 8, 1937

COMPLETE N. Y. EXCHANGE

STOCKS >

+ The Times Financial and Market Page =

COMPLETE LOCAL

= LIVESTOCK

STOCKS HOLD FIRM N LIGHTER VOLUME AS BONDS ADVANCE

on un

Stocks firm in moderate trading. Bonds higher; U. S. Government issues higher. Curb stocks irregular and quiet. Chicago stocks higher and moderately active. Call money 1 per cent. Foreign exchange easy after early firmness, Cotton futures steady, Grain futures higher at Chicago; wheat up 13; to 2% cents a bushel, Rubber futures easy. Silver in London 1-16 penny higher at 20 pence.

® »

Steels Make Slight) Gains; Motors Ease.

By United Press NEW YORK, July 8.— Stocks held firm in lighter volume during the morning dealings today. | Allegheny Corp. issues featured

with gains of 1% to 23% points. Chesapeake Corp. jumped 4 points.

Railroad shares generally were Chi S ks steady to firm, although there was cago toc S some profit-taking in such recent | n, vyited Press leaders as Southern Pacific and | Northern Pacific. | Amour Steels were strong with U. S. Steel | Butler Bro touching 108. up 1; Bethlehem, 91, [ee = SW ut i bs up %., Wheeling, 53%, up 1%, and | Cities Service Republic, 39%, up 3%. Consolidated Sora 0 I Edison rose 3; to 36't in the utili- | Gt Lakes Dredge ties. Motors eased slightly. Oils | Hupp Motor ... firmed. Coppers were steady, mercantiles higher and rubbers mixed. Curb stocks turned irregular in

& Co

La 1 30: 1f

Mid West Corp .... 3a | Mid West pf ww ... di No'west Banep . 11% | Pines Wfront aly tinued te advance today but the 4 23! trading pace was lighter than that ? BD adh ihe «| of recent sessions. U. 8. Government securities ral-

. 3% 1 3% Kellogg Sw Bd .... 2 3 quiet trading today. Raytheon pf 21 & Co 241 | lied to gains ranging to 9-32 of a point. The foreign list was narrowly

Lincoln Print .... . X 9 Domestic corporation bonds con- 3 of mixed.

FIRST HOUR The advance continued but tradIng was quiet. U. S. Steel at 107% had % gain and Bethlehem was higher at 91, Republic gained fractionally. Chrysler slipped more than a point below the previous close but General Motors remained fairly steady. New York Central led the rails with a point gain at 1's while other leaders showed fractional advances. Houston Oil was active and gained 3% to 16% and Standard Oil of New Jersey showed 3 gain at 68%. Utilities were fairly steady. Volume approximated 280,000 shares compared with 430,000 in the first hour yesterday. Dow-Jones Averages—Industrial, 117.43, off 0.31; railroad 54.36, up 0.10; utility 28.22, off 0.11. SECOND HOUR The market was irregular and dull. U. S. Steel rose to 108 for a point gain and then eased off} slightly from the high. Chrysler | continued to show more than & point loss and general Motors was 3-4 lower at 53's. Chesapeake & NY Ohio dipped to a fractional Joss | Northern State Wes avi Ttilities showed some improvement O " Consolidated Edison went to | Skiajoms G&F fing 33s” 86 yey 361. for % gain. Oils maintained | Safeway Stores 4s 49... 2 Eimmons 4s 52 a: mated 190,000 | Dovlon Bee: his tea. 11. Volume approximate 20, J a shares a with 290,000 ‘in the | Shion Elec 3s 42 ....... second hour yesterday. Dow-Jones Averages-—-Industrial, 177.47 off 0.27;

Wisc G&E 3':s 66 Wise Pub Svc 4s "61.. Railroad, 54.25 off 0.01; Utility 28.34 up 0.01, | |

Lockheed Air Mesabi_ Iron .,..s. Mich Bumper Molybdenum Nat Sug Ref Pan Am Air

Seiberling R . Singer Mig .. Std Oil Ky .. Std Oil Ohio | Sunray Oil .... | Sunshine Min Technicolor Tilo Roof Ulen & Co T'4 ‘of Wright Harg

NEW BOND ISSU ES (By W. L. Lyans & Co.)

Atl City i 64 B&O 39 “ewan BF re Sons 5s 47. ..... ver 39 Calif Oro Pwr 4s 66 . Celotex 4'.s 47 Cent Maine Pwr Cent Maine Add 3s i G&E 3! 66 Cl G&E 3los 67

1S 42 | ¥la 3 Pow

or 4s 66 . | Fla Power 5s 66 “vey Houston Lt & Pwr 3las 66... | Tndnis Water Ras 66 | Los Angeles Rev 3's | Louisville G&E 3.8 66 Narra Elec 3!ys 66 IN City 3s M7 owe SE IN Tv State Elec Gas ds 65 .. 9 T

| ended July 3 Yoadings t totaled 31, 150

year ago. International 'R. R. Co., week ended July 3 own |

» . | | lines loadings 2174 vs. 1974 previous |

Great Northern |

week and 2080 year ago.

Today's Business At a Glance J. J. Newberry Co., June sales | $4221 271 vs. $4,154303 year ago, |

American Petroleum Institute re- up 16 per cent: 6 months sales

ports stocks of gasoline week ended | | $21,455,428 vs. $19,988,281 year ago, July 3 decreased 775,000 bbls. to | | up 7.3 per cent. 74,672,000 bbls.; crude oil output | a : declined 3950 bbls. daily to 3,525,~ | Missouri Pacific R. R. Co, week

R '» ended July 3 own lnes loadings ; 7 ations were . : MER I | 18,937 vs. 14755 previous week and

at er cent, 1 point over pre- | a Ya LW p 14,590 year ago.

ceding week. : St. Louis-San Francisco Rwy.

American Zinc Institute reports | stocks of domestic slab zinc at end , Co., loadings week ended July 3 of June 14,081 tons vs. 13,774 month | totaled 16,319 vs. 15891 previous ago, and 84.855 year ago; shipments | week and 15.244 year ago during June 50.219 tons vs. 55,201 in | gq uthern Pacific Rwy. Co. week May and 41,582 year ago; produc- : " A VAAS ; i tion during Sune 50,526 tons ‘vs, | Shed AY S12 previous week and 55.012 in May and 44,875 year ago. 94.530 year ago. Dun & Bradcteet, inc. reposts | week ended July 7 bank clearings | Wilson Products Inc., June sales | in 22 leading cities $6.042,812,000 vs. | $181,899 vs. $134,113 year ago, up $6,079,098.000 year ago and $5815, | 356 per cent 832,000 in previous week. | W. T. Grant Co. June sales CORPORATION NEWS | $8,462,511 VS. Li Soar geo Chesapeake & Ohio Railway Co. | ors 3 oer Ls oT Fort Seo week ended July 3 own lines load- a ‘39 er cent yan ’ y ings 21,786 vs. 22,145 previous week | [Py > p Qaets Railway © oCInED & Northwestern RANG) ings, 6353 vs. S088 previous week . " 9 od loadings 16.276 vs. 15.723 previous A a ogy Evie Railroad ‘eek, off 8.9; and 15366 vear ago S 38 gue W oe : P h o at i 1 Co.,.own lines loading, 7491 vs. 6861 | 2 er cent. Ss _— SBI Be W. Woolworth ‘Go. Jute ‘Sales previous week and 6689 vear ago. 04.936 99 $23 SP wank. Si Spiegel Inc., June sales, $3.915,Tn 36 per tente 5 moni cago. 802, record June high, vs. $2,701,204 et EiaR wii JVI SRIES | wear ago. up 40.2 per cent: Six | rE vs. $124,768.674 year ago, | months $23.863.938 vs. $17.764331 {. Ir L. . . Jewel Tea Co. 4 weeks ended vear ago, up 34.3 per cent.

June 19 sales $1,739,029 vs. $1.514,- |

$ , $3,740, vs. $2,570,000 year | 171 year ago, up 14.8 per cent: 24 Gi Ss $ N

ago up 454 per cent; six months

: Biting Sen

| Gen Gen |Gen G & E A

| Gillette

| Gt North pf ... 5]

vs. 30,195 previous week and 28.557 | 3S

| Fidelity

LATEST NEW YORK STOCKS

By United Press

5 Nn -~

Adams EXD oh Ae Rom fe im

Al All feel Allee

c AE ob aluo RRR uss FREES FEF FF EFF FR CHEE TTB

& HE HE

BODIES ~~ HI LID <3 P= a =

-3 BoE Ann mduigung = ~~ £r

Armstrong Cork Atlas Pdr Aviation Corp. .

Steel 1 Black & Decker Blaw-Kno 24 Borden .. Th Borg- Warner .. Bdgept Brass .. RN

Byers

Calumet & H Can Pacific | Carri gks & Gen. Celote

tpt

Foundry.

Er 1

DOB BN et SDD INI DILI EI =) b=

0 is £3 DIDI RIT BTID

od 3 oN Parr ous

w on “IDIOT

ER rain Cc Chrysler “Oy Colgate-P-P Colum Gas . Cluett Peab Rt. Com Inv vu Com Solvents Comnw & So .. Cons Edison ... Cons Film pf .. Cons OH ......

— Pt pt SD pt rE —- =n —

& Fe

- > De

FFL

£9 bred Dy ere

Cont Bak Cont Bak Cont Can Cont Mot Con Aircraft Cont Oil Del . Coty Crane Co cv pf 106° Crown Zeller .. 1915 Cuba Co Cub-Am_ Sug .. hi

Curtis Pub Curtiss-Wr A ..

3 .. B ...

Po 3 oy

Curtiss-Wr

Eras’

Davega cu pf ve

bp] Bt pt: N-108-190 BIR = or

.a N Douglas. Bair . 60%,

25 1, Sis

FE EFF

yt Les #3

i a od Sues rr

moan

. I Eureka Vac ....

| Firestone Say Sos, «+ | Flinkote Co

Food Mach ... Freept-Sulphur 2815

. 87%

. 13:

Gen Am Tr Gen Baking Electric 'oods

Motors ... BR «1 Gimbel Bros

Gen

| Goodrich

Goodyear Graham-Paige 51%

Gt Nor Ore

INVESTING CO.’S

(By the New York Security Dealers Assh.) Asked Bid Asked 19.67/Inv ane Si 1541 16 10.931 Ky 1 24.70 26. 90 29.25 Sr 1 2 i, 88 1.31/ Keystone 8.2% KeyCFB2 2; 5 0 0.37 Md Pd 10.36 [Mass Inv

Bid Adm Fds 18.49

e385 36, + th ig 14 -. ai

ord

t Pds A Tr. Cons Fd. Cp Tr Sh * AA

8 2 oni re

~ao 88%

Gre DON D DBI se CTY Ph fh kh kh COANE AONI NS

| esnote BI STS

— STD tT LOLI CO TH LI IIIS AID

Ga wWwORNI

'B Diver B. wi, © KOE

‘D Div Shs Com Inv Equit Tr 385. 21. (H 1st Bost 27.00 Fix Tr A 12.97 B 8

Found 4.80 Jd 4 va 1 a, 2

‘'B | Gen Cap 42.70

Group Securities gric 2.00

LOCAL ISSUES

The following quotations do not represent actual bids or offerings. but merelv indicate the approximate market ‘evel as | futmisheq by the brokers named. (By Indianapolis Bond & Share Corp.) BONDS

ge Ind Tel (TH) hs 61

29.72 | 17.45 13.67

VERAGES

40.54 #0. 84 0.65 1.51 Low- 185.51 Low 143.11

DOW-JONES STOCK AY “30 INDUSTRIALS Yesterday .....cvivuinl 1TLTR Week ARO ..iiaiivei.. 170.18 Month “ARO «.ivviveae: 172.82 VEBr AED + viivveisvivin >101.71 High 1937 ...vuven High 1936 ce 1000 20 RAILROADS Yesterday .............v 8.98 Week AGO ...vevviipunes SLAB Month ‘ABD wevyvivevnss 56.83 Yeh! ABD '...viviisvendd 49.18 High 1937 64.46 High 1936

470.54 40.13 —0.65 -4-0.87 Low 50.17 Low, 40.66

Teresa av ean

+ 0.48 +0.20 ~0.19 0.25 Low 25.45 Low 28.63

Yesterday Week ABD ....v.vaivasint Month Ago Year Ago High 1937 High 1936 70 STOCKS «0.49 +0.27 -0.22 + 0.64 Low 57.57 Low 51.20

Yesterday Jv...

Week ARO «..vvvvvevene. 58.98

Month Ag0 «vivvevee... 61.28 Year ‘ARO ‘v.ive. vives SIH High 1937 iivnvdveeees 89.67 High 1936 .... .. 66.38

Tra nans

Jow. Last. envi

n 161s 23%

High Green HL .... Greyhnd Cp .. Guant Sug ....

Harb-Walk Hayes Bdy .... ! Hazel At GI .. 8 Holland Purn .. Homestake .... Houston Oil ... Hud & Man ... { Hupp Motor

| m Central . Inspiratn Sop . inter Iron .... Nnt. Nickel Int P & A

Kroger G & Dp. Lambert Leh P Cem ... & Leh nS Mow pt Lehm ' 4 L-O- F "Grass ew:

ws Star Cem 57% . 7 30

GRE A .. 20%

Mack Tr 4% arshall Fld .. 24% artin Gl . 22% asonite Corp. 57 DS

59% oleasport : cKesson Ro bb 145% cKesson Rb pf 43': cLellan 5 co 13% Jonge «alll

.« 13% Midiana oh . 38% Mo-K Tex ra | Mo-K Tex pf . Mo Pac p Mont Ward ... Mother Lode

| Nash Kelv | Nat Aviation Nat Biscuit Nat Cash Reg . . Nat Dairy - Nat Distillers .. Nat Gypsum Nat Pwr & Lt Nat Supply

Nat Tea On N Y Ar Brk ..

BANK STOCKS

(By Blyth & Co., Inc.)

Bankers Trust Central Hanover Chase National Chemical Bank & Guaranty Trust Irving Trust Manufacturers Trust | *National City \ Sontinental Il Nau Chicago First National ‘Boston National — Boston National City, Cleveland

Fire Insurance

Trust

Aetna Fir City Rr New York oda Federal Franklin Great American Hanover . Hartford Home - National Fire North River Phoenix ..

US Fire Westchester . Casualty Companies Continental ne aly

ass Bonding & Insurance .. *Ex avidend.

———

LOCAL PRODUCE

(The prices quoted are pald for stock gathered in the country while for deliv eries in Indianapolis the prices are 1 cent higher. Each full case of eggs must weigh 55 pounds gross.)

28 63%

fresh loss off. 16¢c

2 2] England

ac es—No. 1 strictly

Heavy breea tens, 5 Ibs. and over, Leghorn hens 9c Heavy 1937 stock, 2 Ibs. and over, 15c. broilers, 1937 stock, 2 Bareback broilers 1937 stock 2 ibs over, 12¢c. Old roosters. 9c. Ducks. feathered and fat, 5 Ibs. mnd over. Geese, full- ea thansd and fat, 9 to

Butter—Creamery, No. 1, 354i 36c: 3212 @33e. Butterfat—No. 1. 28¢: 0.

HOSIERY SHIPMENTS INCREASE IN YEAR

Times Special NEW YORK, July 8—The Na- | tional Association of Hosiery Man- | ufacturers in its current statistical ‘bulletin reports that, although total |

and tullSc.

No 2

| |

2 shipments of all types of hosiery |

Indiana_Tel Co 55 60 Indpls Railway Ins 5s 67 Indpls Water Co 34s 66 Interstate Tel & Tel 5's 53 Kokomo Water Works 5s 58 Kuhner Packing Co 45s 49 orris 5 & 10 Stores 5s 50 Muncie Water Works Ss %s Noblesvilie H

Western Auto Supply Co. June | 7°

T H Water Works 6s 49 ...... Trac Term Co 5s 57 .. 6!

. all types of hosiery in May, 1936.

weeks sales $10,543,712 vs. $£,097.328 year ago, up 15.9 per cent. | N. Y. Central Railroad Co., week | ended July 3 own lines loadings 45,396 vs. 42,526 previous week, and 37,786 year ago. New York, Chicago & St. Rouls Railroad Co., week c¢nded July own lines loadings 5420 vs. 5361 previous week and 4542 year ago. Norfolk & Western Railway Co., | week ended July 3 own lines load- | ings 23,549 vs. 21,580 previous week, up 3.8 per cent, and 19,738 year ago, up 19.3 per cent; Jan. 1 to July 3 | loaded cars handled 704,052 vs. 631,683 year ago, up 114 per cent.

Alaska Juneau Gold Mining Co. |

June gross $433,000 vs. $442 500 year ago; six months gross $2,809,500 vs. $2,462,000 year ago.

$3502361 vs. $3,182944 year ago, up 10 per cent; six months sales $18,659.280 vs. $15908,081 year ago, up 17.2 per cent. Gulf Coast Lines, week ended July 8 loadings 2413 ‘vs, 2345 | previous week and 1849 year ago.

Illinois Central R. R. Co. week |

| Aug. 2

ago, up 63 per cent. DIVIDENDS

Bel Corn Exchange Bank Trust Co. | Gent Ind Power p

| Aug. 2, record July 22 Maytag Co.

| sales $15.620000 vs. $9,580,000 year |

| regular quarterly 75 cents payable | EE &

regular quarterly | Tha d Hvaro 381. 50 on $6 first preferred and 75 |

STOCKS

Belt Railroad & St Yds cum... f Railroad & St Tus HN. 7s. Drug Inc Mich Eiec ‘Co vd ms. Gas Co Serv Co 6s Elec Co jndpls Pwr & Lt Co “ota & dpls Pwr & Lt Co pia ® Flas y

cents Jon $3 preferred, both payable | bis Water Co

, record July 16. Sunray Qil Corp.,

record July 20, | April 26.

VS.

American Chicle Co., regular quar$1 payable Sept. 15, record |

| terly | Sept. 1. Chase National Bank, semiannual 70 cents payable Aug. 1, record July 16. : Pennsylvania Salt Mfg. Co.

| June 15.

Phelps Dodge Corp., 45 cents pay-

regular |

, payable Sept. 15, record Aug. 15, vs. G uy Cl Hh “avo, | S135 on March 15 and $2.50 on

| able Sept. 10, record Aug. 20, vs. like

amount on June 10.

Washington Oil Co., 50 cents pay- | able July 10, record July 7, vs. like

amount on Jan. 9 and April 15. (Copyright. 1937. by United Press)

Active Markets

Local BONDS—Common STOCKS—Preferreds

T. P. BURKE

Merchants ayy Bag. Fort Wayne South

ad COMPANY

INDIANAPOLIS.

incoln Nat! Lin d Pub Serv pf

interim 10 cents | N Ina Pub Serv a common share payable Aug. 20, IN

Co d Pub Serv pfd 5'%s PR Mallory Co x: (new)

5 cents on | Prozress Laundry | Bub

Serv Co of b Serv Co of Ind % | Sa Alsop pla . we | 3m ith-Alsop erre nite an | Van Com

Le st Investing

2) 34.14 xXEx-Dividen

& Co rp...

NEW YORK CHICAGO TORONTO SOUTH BEND FT. WAYNE EVANSVILLE BOSTON CINCINNATI

Indianapolis Office 200-214 Circle Tower

declined from 11376479 dozen | | pairs in April to 9.758687 dozen

pairs in May, the latter figure was | still 4 per cent above shipments of

The gain in women's full-fash- | ioned shipments in May, 1937, as | compared with May, 1936, was 10.7 | ver cent, while seamless shipments | increased 12 per cent. Shipments of ribbed and woalen goods in May, 1937, showed very large percentage gains over shipments 12 months previous. Only in the case of men's half-hose were shipments in May | of this year less than in May of last year.

For Final Stock Quotations See Later Editions of The Indianapolis Times

as a | Thomson & McKinnon

MEMBERS New York Stock Exchange New York Curb Exchange New York Cotton Exchange New York Coffee and Sugar Exchange Orleans Cotton ‘Exchange Chicago Stock Exchange Chicago Board of Trade Winnipeg Grain Exchange And Other Leading Exchanges

L1. 5501

14 abs. |

. 2%. | | Work Bal

Oliver Farm’ Eq 64 ts 4%

Oliver F Eq r

G & El |

Pac % Pacific Mis

Packard Panhandle

Paramt Pict

Parker ‘Rust Pr 243%, 4,

Larmolee vr

Peerless ........

Penney Penn Penn R R

Ploiffer-Brew ee

Phillips Pet Pitts ;

Pullman Pure Oil

Radio

Radio-K-Or ...

Rom-Rand Reo Mot Republic Stl Re

va. 39 YM cu cv pt 104

Reyn Tob B Ruberoid

D Cem .

Last, change 41 4

. 20%, 20% 64

211s

| +: +

i FE e

+1111

Prope ara

Ee r+ - ~ A ae

1+:

tHE

Jos Lead....

St L-S Fran ...

Schenley Dist

433% Sears Roebuck .

Servel Inc Shell Un Oil Simmons

50 Am Sold 0 Cal Ed South Pac outh Ry

& £ £ $ £ £ § £ £

3parry-Corp Spiegel Inc Std Brands t

Studebaker erhtr

Talcot

Tenn Corp

| Texas Corp | Tex Gulf Prod Tex G Sul ..

T&PC&O

TO on J k .

Tide W A Oil Timk-D Ax .. Jransamer jen Trans & W Tri-Cont Tri-Cont nf : 20th Cent-Fox.

Socony-Vacuum

Air. i 109

20 Va - BL Soa: 4g

jouth Ry pf...

une “y i upp ride ol vee wift & Co .... ym-Gould xw

J ~ En, oa 13

35% 15 9, . 18% . 22%

.. 13%

150

« 35%

Union Carb ....

Un Si Un

Cal»... Pacific... .1:

Un Aircraft Cp

S Steel pf...

Walker tH)

| Vadsco Sales .. | Vanadium .

| Ward Bak pf... 75

Warner Bros ...

i Ke Westing El Westvaco .... Woolworth

Yellow Tr Young

Young Sheet

Zenith

| Zonite

SEW... 3

Rad ....

FOREIGN GN EXCHAN GE |

NEW YORK, July | exchange firm.

Eng.

Italy Belgium Germany Switzerland Holland Spain (peseta) Sweden Norway Denmark Japan (yen)

lire)

(pound) .. .. { (60-d. bill rate) 4.94 11-16 Canada tdollar) 3 France (franc)

(krona) (krone) (krone)

Net Change 00% +4.00's

Cable

(belga) (mark) . (franc) .. (guilder)

—.0001

2212 = : 28 4.0002

LAND BANK BONDS

3s 3s 3s

44s May 1957-37 i“ 1958-38 .

4%as Nov,

July 1955-45 .... Jan. 1956-46 .... May 1956-46 ... 3Vs May 1955-45 ... July 1946- 44

Ask Yield | 101% 101%

100. %s- 16 100 15-16 .100 15-16 102%

2. 84 585

U.S. ST ATEMENT

WASHINGTON, July 8. —Government | penses and receipts for the current fiscal year through July 6, compared with a year |

ago.

Expenses . Receipts +. Deficit .... Cash Bal. .

Pub. Debt | Gold Res Customs . ..

Inac. Gold

Toduy” s Pure.

$ 252, 465,005.92

as pb 4.422. 1245.56

This Year s 55,751,045.81 57.840,454.37

2,556,451,642.38 |

2,100,030.91 7.20 33,669,195,878.2 10,617,563.806. 86 4.814.360.04 Total Pure. 27.835,316.90 $1, 143.033.500. 36

832.33

BROKERS’ OPINION NEW YORK, July 8.—Brokerage opinion today: E. A. PIERCE & CO0.—As indica-

| tions point to the maintenance of a

firm price structure during the im-

pending

season of heavy consumption it would appear that oil stocks as a group might be in a position | bs.

to reflect the current favorable set

of conditions.

8.—Opening foreign |

5 : 9 ByU 41 | 1.15 |

ex- | 9ap

Last Year 113,591,500.18 |

13 T0 25 GENTS AT LOCAL YARDS

$12.85 Top Price Paid for Choice Heavies Here; Vealers Steady.

Erratic price swings continued to feature the hog trade here today according to the Bureau of Agricultural Economics. Despite light receipts locally and bullish outside advices the general trend was lower. Light lights and pigs held steady, but weights between 160 and 300 pounds declined 15 cents, while 300 pounds and up

lost 25 cents. Top of the market dipped to $12.85. Trading in all classes of killing cattle ruled moderately active today and prices were fully steady. For the size of the crop there was a fair showing of choice steers and yearlings. Best here consisted of three loads strictly choice around 1275pound weights at $15.50. There were yearlings at $14 and $14.50, while a load of mediumweights brought $14. Moderate supplies and higher prices at other centers found local vealer values supported at fully steady levels. Good to choice grades went at $10 to $10.50, mediums largely $8 to $9. A good demand on top of the midweek upswing around the market circle resulted in 50-cent higher lamb prices today. The advance was chiefly on good to choice grades at $11 to $11.50.

Sb ——

Bulk op. Receipts $11.95 12.15 $12. 3000 0 3000 [email protected] 3900 12.55@ 12.75 12.756113.00 3000 32 6062 12.85 5000 ght Ligh (140-160) "Good and Jeti

SE So

9 wm Wea g3

| Lishtwet 60- Tobe Good and

(180-200)

Medium Wei 1200-220) | 1200-250) Good Heavyweights— (250-290) Good (200- 350) Good

choice. . ‘choice. :

POON Soom

choice. . choice. .

(275-500) Medium Slaughter Pig 00-140) Good and eioie. .

CATTLE Steers --Receipts, (550-900) Choice (900-1100) Choice Good

03 99939 93 £9 9339 & rr rd ph ph pt Ph pt ada | tandem pt dw F3 ZIV 33

$12.75@ 15.00 14.0062, 15.50 12.25 14.25 9.506 12.50 veo 7.80@ 9.75 . 14,25@ 15.50 . 12,5001 14.25 9.75 12.50 14.25@ 15.50 12.50% 14.25

c | (1100-1300) €

| M (1350-1500)

(550-750) Common xi . Good and choice . Common, medium. | Cows Good and choice .. Medium | bow cutter and cutter .. Bulls, good w“ Cutter, com,

11.00613.25 [email protected]

(750-900)

$ 6.75@ 9.50 5.506 6.75 3.50@ 5.50 6.75@ 7.75 5.25@ 6.75 ealers - Receipts Y09=. 3 Sood Sd choice. . ..... ....$ [email protected] Medi ne .. 8.00@ 9.50 Cull AY common’ 6.50@ 8.00 Calves Steers— (250-500) Good and choice $ 200210, 00 Common medium 00@ 8.00 Steers Feeder and Stocker Cattle (500-800) Good and choice .$§ 7.50@ Common, medium 26@ (800-1050) Good and choice . S0@ Common, medium 25m | Heifers— Good and choice : 7.00@ Common and mediu . : SHEEP AND. LAMBS —Receipts, 1000— Spang I Lambs

Medium

83 | _ Common

Shorn Ewes— (90-175) Good and choice. . Common, medium

3.00@ 3.50 2.00@ 3.00

nited Press

CHICAGO, bi 8. —Hogs—Receipts, 11, | 000, including 3000 directs: market, uneven: good and choice hogs, 230 Ibs. down, | mostly 106i 15c higher than Wednesday: weightier kinds and packing sows, 106 [ 15¢ lower; top, $12.90, highest since 1928: bulk good and choice 180S. $12.606»12.80; most 240-300 1bs., | $12.15612.60; 150-170 1bs., [email protected]; best light Packing Svs, around $11.35; | bulk heavier, $10.35@ 1 Cattle—Receipts, 5500" calves, 1200: another active market; strong to 25¢ higher; less competition but all sold carly: upper | crust fed steers, $16.40@ 16.75. latter new high for vear and highest since 1930, paid | for 1269-1b. Nebraskas: $16.60 next highest: common and medium, $8@11: native | grassers, $9.5010.75: native stockers, dull at $806.50; all she-stock, S0c@$1 over | last bulls, steady: sausage offer ings. $7.15 down: load lot sausage bulls, $6.75; vealers. 25c¢ higher at $9.50610.50. Sheep—Receipts, 9000, including 7500 directs: spring lambs, active, steady: $11.90@12 vaid for few choice natives: bulk, $11.75 down to 1.50; two decks choice fed Californias (shorn) $10.75 Straight. sheep, strong; slaughter ewes,

| $34.5 FT. AYNE, July 8. ea oes, 15 cents Dabeash Taek $12.65; 250-275 Ibs. 200- 225 180-200 1Ibs.. Ibs., $12.40; oY $1285; $11.75;

- 130bs., $11: 160- 10 stags,

lower: $12.55: | $12.40; 300-350

REDMOND & CO.—The perform- | 3

ance of the } | groups should prove to be an im-

railroad and utility

portant factor in maintaining general strength in the market at this

time.

HORNBLOWER & WEEKS—We

| —We are still inciined to look for a | reasonably active market, {over the next several weeks should | be working to establish an up trend.

which

SHIELDS & CO.—If there were | increasing evidence of a good fall |

| pickup in business over the next few | | weeks, as seems likely,

there should | be further increase in buying in- | terest.

12.25: Ibs § Calves,

$10 down. Lambs, $10.50 011,

| | MONEY MARKET

NEW YORK, July yr oney rates remained unchanged today nker’'s Acceptances — 30 days, %@ Bi 60 and 90 days, »%L®@7-16%: 120 Sh. 9-16@%%: 150 and 180 days. %@ Commercial Paper—Prime names, 1%. Time Money—60 and 90 days, 1%%: 120,

150 and 180 days, 1%%. Rediscount rate at New York. 1%%.

BUSINESS EDUCATION

Strong Accounting, Bookkeeping, Stenographic and Secretarial cou Day and ening, sessions. LIncoln 8337. Fred W. Case

Central Business College

Architects and Builders Bulgin Pennsylvania & Vermont Sts.

Save With Safety

Funds invested on or before the 10th day of July will begin earning dividends from the Ist day of July.

Share accounts up to $5,000 are insured by the Federal Savings and Loan Insurance Corporation.

Ample reserves are maintained for safety of larger investments

Your investigation is invited.

uals

Jee V8

HOG PRICES SLIP | _N- Y. Bonds

By United Press BOND PRICE INDEXES 20 20 20 Indus. Rails Util. Yesterday ..... 91.5 #3.6 101.0 Week ago ..... 91.0 91.5 1000 Month ago .... 91.4 9468 1014 Year ago ...... 90.7 92.9 105.9 Two years ago . 88.2 9.0 100.6 1937 high ..... 95.0 101.2 106.0 1937 low 90.1 99.3 1986 high ...... 4, 8 100.4 106.2 1936 Tow ....... 90.0 84.7 1035 1986 high ...... 91.4 864 103.6 93.1 1935 low ....... 83.8 51.0 89.3 83.0 (Copyright, 1837, by St Standard Statistics Co.)

U. 8. GOVERNMENT BONDS Treasury Bonds rh Low 108. 13

ios 132 9. 31 103. 100,24 .26

LJ Bonds 95.4 94.2 95.8 96.5 89.2 100.7 93.4 100.2 93.3

m & For P 5s 2030 ... aa% an Coast L pes 4 vay 458 60 |

ve 158 «101% «Be 6% 8% 8514 + 107Y . 80

p wo Seab Air Lin 6s 45ct .. Shell Un O 3%s 51 ... ¢ So Pacific 415s 68 Sou Ry gen 4s 56 .. Stan Oil N J 3s 61 ... Texas Cor 3% ee . 175%

158 ad)’ on Va Ry Co 33s oe 1047 Young 8S & T 4s 61 ...101'% FOREIGN BONDS Argent 44s (As Yee re 1

RAIL PENSION LAW AFFECTS 1,500,000

Assn. of American Railroads Calls It Complete.

Times Special NEW YORK, July 8.—Approximately 1,500,000 employees of railroad, express companies, sleeping car companies and their subsidi-

aries, employees of railroad associa- |

tions and railroad labor organizations will receive pensions under the Wagner-Crosser bill, characterized as the most comprehensive plan in existence for any industry providing for the retirement of employees

because of age or disability, and |

which has just become effective, the Association of American Railroads estimated today, The new plan provides for a total tax of 5% per cent of the payroll, not in excess of $300 for any one month for ay employee, to be paid into the. U. Treasury beginning Jan. 1, no This tax increases gradually to a maximum of 7% per cent after 12 years. One half of the tax will be paid by the railroads and the other half by the employees. The Railroad Retirement act does not provide for any compulsory retirement age, but does provide for voluntary retirement at or after the age of 65. Employees who remain in service beyond the age of 65 will receive no credit for such service,

COTTON ACREAGE ESTIMATE GAINS

By Uniled Press WASHINGTON, July 8.—"The Department of Agriculture today estimated 1937 cotton planting in the United States at 34.192,000 acres, an increase of approximately 3,300,000 acres over last year, lS: SOLD | |

ELEVATOR CO.

NEW YORK, July 8-—Westing- | house Electric & Manufacturing Co. | has acquired the assets, property, business and good will of A, B. C. Elevator Co., Inc. for 10,000 shares of its stock, it was revealed today in the company’s application to list an additional 5814 shares of its com=mon stock.

PROFIT-TAKING DULLS EDGE OF BOOM IN WHEAT

Chicago Market Holds Firm Undertone Despite Downturn.

By United Press . CHICAGO, July 8.-—Profit-taking dulled the edge of the wheat boom today in the pit of the Chicago Board of Trade. At the end of the first hour wheat was 1 to 1% cents higher. Corn was 12 to 1'4 cents higher, and oats were % to % cent higher, Profit-taking recessed wheat prices from the day's highs and some hedge selling further weake ened the market, Despite the downe turn from early tops, however, the market held a firm undertone with a tendency to higher prices. Wheat receipts were 156 cars. September and December futures led the reaction in corn which followed the upturn but short-covering on the dip again boosted prices above the previous closing levels, December at 862 cents, recorded a new high for the season. Corn receipts were 26 cars.

WAGON WHEAT City grain elevators are paving $1.10 for old crop; No, 1 red, $1.13: other grades on their merits, Cash corn, new No, 2 yellow, $1.15, Oats, 40c. Hay-No, 1 timothy, $15@ 15.50. ARGENTINE GRAIN

BUENOS AIRES, July 8.-—Graln futures opened quiet and irregular, Wheat-wJ $1.24%, up 7c; August, $1.227%, Corn—July, 54%c, “3 Vac, 0 OBL. up Ye. Oats—Spot, 20%e, ne, x —July, $1.30%, hyd; Au $1.30%, unchanged.

LIVERPOOL WHEAT

C141% 1394,

FOOD PRICES

CHICAGO, July 8. — Apples — Willow Twigs, [email protected]. Sweet Potatoes—Teénnesses Naniy Halls, [email protected]. Carrots—Cali= fornia, crates, [email protected]. Spinach—1Illi= nois, bu, 25@60c. Tomatoes—Texas, lugs, $1601.75, Cauliflower -Califarnia, crates, [email protected], eas — California, hampers, [email protected]. Celery—Michigan, flat crates, 40@75c. Onions (50-1b. sacks)—California YS ows, $1.05, California whites, $1.40@

TIRES ADVANCE 15% FOR AUTO MAKERS

Times Special NEW YORK, July 8-—Prices of original equipment automobile tires supplied to auto manufacturers are up an average of 15 per cent under contracts going into effect. although no official announcement was expected. The effect of this change | will not be felt generally until August or September, when ship= ments start on the new 1938 models. April shipments of tire casings were reported today by the Rubber Manufacturers’ Association as 5,560,453 units, a decrease of 39 per cent from March, but an ine crease of 13.4 per cent over April, 1936.

GENERAL WOTORS WILL OPEN PLANT

By United Press DAYTON, July 8.-—Construction of a .service plant for the Inland Manufacturing Division of General Motors Corp. at Cranford, N.J., was announced today by Wallace Whit= taker, general manager. ~ Work will start shortly. The plant will approximate 100,000 square feet of floor space, Between 200 and 300 persons are to be employed.

STEEL SHORTAGE WILL CLOSE PLANT

NEW YORK, , July 8.- 8.—Shortage of

| steel due to strikes in independent

mills will cause closing down of Willys-Overland Motors, Inc., plant for first week in July, it was stated. Arrangements have been made to accumulate supply during the week so that regular manufacturing opere ations may be resumed July 12. June . production of 7154 units { brought total for first half to 49,628 cars.

Colonial

Savings and Loan Association 28 South Illinois St.

Celtic FEDERAL Association Declares

3 amar D |

VIDEND

ON ALL SAVINGS ACCOUNTS

All saving sured up Loan, I

Sorporation.

INSURED SAVINGS

S py in this association are ine to $5,000 by the Federal Savings and urance oer oration of Wash ghington, ONE RED MILLION

Any amount of ONE DOLLAR or over opens

an account

INVESTMENT SHARES ACCOUNTS

Investment Shares are issued in Certificate form in units of $100 and up. DIVIDENDS ARE MAILED JULY AND JAN. Ist. Funds invested on or before the 10th of ANY month earn dividends from the 1st of that month,

Cuniedhreperat

SAVINGS &¢ LOAN ASSOCIATION of Indianapolis

23 W. Ohio St.

1%; Block West of Meridian