Indianapolis Times, Indianapolis, Marion County, 12 July 1937 — Page 13

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"MONDAY, JULY 12, 1037

THE INDIANAPOLIS TIMES

PAGE 13

COMPLETE N. Y. EXCHANGE STOCKS

« The Times Financial and Market Page =:

COMPLETE LOCAL *

x LIVESTOCK

U. S. STEEL JUMPS

10 NEW HIGH OF Sl 5 MARKET GAINS :¢

Slight Advances Made

On Light Bond Market.

By United Press : NEW YORK, July 12.—U. S. Steel common stock ad- | vanced 27% points to 11114, a, new high on the movement, and led the stock market into

higher ground today.

Steel shares moved up with U. S. Steel. Youngstown Sheet & Tube reached 88%, up 1% Bethlehem Steel 924 up 2, and Republic 387% up ‘ks. Nonferrous firm with gains than a point in American Anaconda reached 56% up 1's a firm copper section. Gains of 1 to 2 points were noted | in Boeing Aircraft, Caterpillar Tractor, International Harvester, Oliver Farm, Chrysler, Douglas Air- | craft, du Pont, General Electric, Marshal Field, Montgomery ward, | Monsanto Chemical, Southern | fo Pacific, New York Central, and Union Bag. Corporate bonds advanced irregularld in quiet trading today under feac of rails and steels. U. 8S. Government bonds were mixed.

FIRST HOUR

The market opened irregular and quiet after which prices advanced under lead of steel shares. U. S. Steel went to 114% for 1%: gain and Bethlehem was 1% high- | er at 9138. General Electric “turned | active to show 1’: gain at 56%. Du Pont gained more than a point and Chrysler at 104': had 1% gain. New York Central led rails with 7% gain at 40°. Marshall Field was active to show 1% gain at 257%. Metals generally showed fractional strength. Volume approximated shares compared with 240,000 | shares Friday. Dow- Jones averages—Industrial 764, up 092; Railroad 54.25, up 0.25; Utility 28.09, up 0.03.

were | more | Zine. | in |

metal issues ranging to

190,000

SECOND HOUR

U. S. Steel continued the feature | rising to 112! for 33; advance. Youngstown Sheet & Tube gained | 215 to 893, Bethlehem at 92% was | 2% higher and Republic gained a paint to 40. Southern Pacific |

Lion Oil | Lockheed Air

| Nat Sug Ref | Niag H Pwr | Pan Am Air

| Mid West Corp | Modine Mfg

" n ® MARKETS AT A GLANCE Stocks advance under U. S. Steel. Bonds steady; U. S. Government issues irregular, Curp stocks irregularly higher in dull trading. Chicago stocks higher and quiet. Call money 1 per cent. Foreign Exchange firm. Cotton futures steady. Grains futures irregular at Chicago; wheat up 7% to 11; cents a bushel Rubber fat: wes lower, Silver in London off 1-16 penny at 20's pence.

lead of

Cur “bh Stocks

Alum 1td : pm CH AM ...ouiins Am Airlines Am Cvan B Vaan Am Maracaibo Wah Am Super Ark N Gas A Loco Bd rts Stl t Corp Cities Serv Cities ra pf 10 &

00 | Con oop} Sins et MOXIC Det. Bi 7 ALL Eagle joher HL Equity Cp Ford M Id TX

| Gok Oil | Humble Oil m O Ca

Mesabi Iron Nat Rub M

DY DY pe wo

Root Petro St Regis P Std Oil Kv Sunray Oil Technicolor Tilo Roof

Chicago . Stocks |

By United Press

| Borg Warner

' LA Armour & Co So : 1 LOR 4 1}

Butler Bros Cent & SW Chgo Corp ‘hb Cities Service ..... Elec. Househd Gardner-Danver gen Hshld, Ut ‘es eileman Brew ... Hupp Motor Katz Drug Lion Oil Ref ..... Marshall Field

> 1

Pines W ont eh & VL AALARALAY Walgreen Co

| 980 corergegie | DO IIBOINDDLIB IN

| =

to income $523938 vs. $421.7687 |

year ago. RCA Communications Inc. Het income $73,510 vs. ago; 3 months net income and $85362 year ago. Rutland R. R. Co.. May net loss |

$9.172 year $498,626

7s | Commonw & So

> | Crown Zeller .. ‘i | curtiss-Wr .

| | Kast Kodak 2 | Elec Pur & It

0% | 297s | peg 13% |

t ah Baking

May |

By United Press Net Last Chan 1 IE a 1234 % legh Corp .... 8 4 iY 4

lied Stores .. 2 fo + 5 vi 14 1 34

‘a 1s a 15 14

% Ta TA

£ A Aviation Corp. .

Bald Loco .

klvn M Oo ALLL Budd Wheel ... Burroughs ..... Butler Bros .. Butte Cop

Callahan Zine . Canada Dry Can Pacific .... } Caterpillar T .. 96 Celanese Celanese pf Cent Aguirre .. Cent Foundry. . Ches Corn

Col Fuel & Iron nh gol Pictures vte A

| Com Solvents

13 1 9% 1914 BE .... 5% 3% | —F Dep St... 843% wali. 131% . 88% 3. 9 611s it

Equit

a 5315 2 61: 5314 33% 5812 | Goodrich 3974 | Goodyear 10 3 MW | Graham-Paige 1 44 " : " | Grant © w YT 3 3 853

+. 4

ving Gosis Jum Jump Slightly Over Previous Month.

By United Press NEW YORK, July 12. —Living of wage earners in the + | Some States rose 0.1 per cent last month over May's figures, the National Industrial Conference | Board reported today. | June showed an increase of 45 | per cent over those recorded for

gained 1'¢ to 48 and Union Pacific | | $4082 ve. net income $1830 year ago: | June, 1036, and are 24 per cent

had 2 points gain at 130. Chrysler | at 104 was a ‘point higher and du | Pont at 156'¢ was 2's higher. | Metals continued firm. Anaconda | gaining 1'¢ to 5% and National Lead a point to 36 International Harvester featured the farm equipment group with 14 gain at 112. Volume approximated 200,000 shares compared with 16.000 in the | second hour Friday. Dow-Jones | averages—industrial 178.23 up 1.51; | railroad 54.37 up 0.3%; utility 28. 12 | up 0.06,

Today’ $ Busines, At a Glance

GENERAL BUSINESS

U. 8. Steel, shipments in June, | 1268550 tons vs. 12304039 last | month, and 885065 year ago; 8 | months’ shipments, 9614274 vs. 5,031,350 year ago. Canadian carloadings week ended July 3, 46,131 cars vs. 49,368 previous week and 46,909 year ago. R. L. Polk & Co. estimates new | passenger car sales in June at 325.000 units vs. 392000 in May and 380,000 year ago; June registrations for nine states 27282, off 16.74 per cent from May and 13.13 per cent from year ago; new truck and commercial sales in June estimated at 60,000 units; sales from nine states 5694 off 1225 per cent from May and up 48% over June year ago.

CORPORATION NEWS

Distillers Corp.-Seagrams, Ltd, | regular quarterly $1.25 on preferred | payable Aug. 2 record July 2. Utility & Industrial Corp. ¢ months ended June 30, net assets $3,548,480, equal to $5.27 a share vs. $4823617 or $7.16 year ago. Bowman-Biltmore Hotels Corp., 6 months ended June 30, profit $131, 473 vs. $24.355 year ago; June loss $1745 vs. $4941 year ago. American European Securities Co., net assets June 30 equal to $1164 a common share vs, $10.57 on December 31 and $14.15 June 30 year ago. American Telephone & Telegraph Co, May net operating income $1,374.367 vs. $1793040 year ago; five months net operating income $9,101,774 vs. $9,311,219 year ago. Bridgeport Machine Co. six months ended June 30 profit $380,702" before income taxes vs. $223 - 014 year ago: June profit $67.611 vs. $43,685 year ago. Broad Street Investing Co. Inc, net assets June 30 equal to $33.17 a share vs. $35.25 on last Dec. 31 and $31.16 year ago. Capital Administration Co. Ltd. net assets June 30 equal to $21.32 a share class “A” stock and 33 cents a share class “B” vs. $1.18 on class “B” last Dec. 31 and 21 cents on Class “B” year ago. New England Telephone & Telegraphy Co, May net operating income $1,126,181 vs. $198626 year ago; 3 months net operating income $5527650 vs. $5320245 year ago. New York Central R. R. Co, 5 months net income $7669431 or $1.19 a share vs. net loss $684 862 first § months last year; May net income $1215940 vs. $73,493 year

ago. Pittsburgh & Lake Erie R. R. Co, 5 months ended May 31 net incame $1,732,349 or $201 a share vs. $1:408,008 or $1.63 year ago; May

five | $194,654 year ago.

Selected Industries, Inc. net assets June 30 equal to $137.42 a share on $5.50 prior stock and $24.60 oi £1.50 convertible stock vs. $144.17 o | prior stock and $35.58 on CORVEItT ‘ble last Doc. 31 and $126.14 and | $22.27, respectively, year ago. Simmons Hardware & Paint Corp. and subsidiaries, fiscal year ended May 31, net profit $229.635, after

Federal taxes, vs. $76,923 year pre- |

ceding. Tri-Continental Corp., net assets June 30 equal to $10.32 a common share vs. $12.89 on Dec. 31 and $9.81 | year ago. Western Union Telegraph Co. five months’ net income $13830972 or $1.75 a share, vs. $2.229.599 or $2.13 | year ago: May net income $120,942 vs. $570,717 year ago. Cuneo Press, Inc. regular quarterly 50 cents a common share, pay- | able Aug. 2, record July 30.

DIVIDENDS

First National Bank of Chicago, regular quarterly $150 payable Oct. 1 record Sept. 30. International Utilities Corp.. $1.75 on $7 preferred and 87'. cents on $3.50 prior preferred both payable Aug. 1 record July 22 vs. like amounts on May 1. Louisville Gas & Electric Co. 12 months ended May 31 net income 81,491,618 or $165 a share on combined “A” and “B” common Vs. $1673.211 or $1.85 in preceding 12 months McGraw Electric Co. regular quarterly 50 cents a common share payable Aug. 1 record July 19. Northern N. Y. Utilities Co. reg-

| ular quarterly $1.75 on 7 per cent

preferred payable July 10. Syracuse Lighting Co. regular quarterly $1.50 on 6 per cent preferred, $162: on 6': per cent preferred and $2 on 8 per cent preferred

July 31 record

(all payable July 31 record July 30.

Wheeling & Lake Erie Railroad

| regular quarterly $1 on 4 per cent

prior lien and $137: on 5% per cent preferred both payable Aug. 1 record July 24. Zenith Radio Corp. 50 cents payable July 31 record July 20 vs. like amount on April 20. S. H. Kresge & Co., regular quarterly 40 cents on new common payable Aug. 2 record July 20. Minneapolis-Honeywell Regulator Co, quarterly 75 cents a common share payable Aug. 20 record Aug. vs. 50 cents on Feb. 20 and May

(Copyright, 1937, by United Press)

PRICE INDEX

months’ net loss $119387 vs. | higher than the low level of 1933.

Increases were recorded in rents |

| and clothing prices, coal figures ap- | proximated those of May, and food | | prices dipped. Rents rose 06 per cent in June | and at the close of the month were [116 per cent higher than the cor- | responding month of 1936, 38.1 per cent above their low level, regis- | tered early in 1934, and but 59 per cent under June, 1929 figures.

Clothing prices last month were 03 per cent above those of May, 49 per cent higher than a year ago, and 23.7 per cent above the low point of 1933 but fall 216 per cent short of June, 1929, figures. Coal prices were 0.7 per cent lower last month than in June, 1936. and 79 per cent under the figures of June, 1929.

The decline of food prices from May to June was 02 per cent. They were 3 per cent higher than a year ago, however, and 444 per cent above spring, 1933, prices, but 16.7 per cent below the June, 1929, level. Costs of sundries approximated, on the whole, those of May. Increases were noted in the prices of drugs, toilet articles, house furnishings, and candy. Carefare rates declined. Figures last month were 27 per cent above those of a year ago, 73 per cent higher than in spring, 1933, and 22 per cent under June, 1929, level.

Purchasing value of the dollar dipped 0.1 cent to 1125 cents from May to June. It was 1175 cents in June, 1936, and 100 cents in 1923.

FOREIGN EXCHANGE

a, YORK. July 12. —Poreign exchange

3339

For Final Stock

Quotations See Later Editions of The Indianapolis Times

1, | Pacific Lig

, DOW-JONES STOCK AVERAGES 50 INDUSTRIALS

Saturday Week Ag0 .....oveevsann Month age Year ago .. High, 1985. 191.40; Tow, 165.51. High, 1936, 131.90: Yow, 113.11, 20 RAILROADS

. Holiday 165.51 —41.00 161.35 40.63

58.55 —1.51 51.01 40.6% , 61.46; low, 50.1% ; Tow, 10.66.

198%. $1.54: low, 25.45. 1936. $6.08: low, 28.68. ¥ STOCKS

High, High,

. 10.28 Tow, 57.5%. Tow, 51.20.

High, 108%, 69.6%; High, 1936, 66.38:

Net Last. change. 323% — % 16

High. Dow Green H I... 32% 32% Grevhound Cp.. 16 16 —_— I Houston Oil ... 1 Howe Sound .. Hupp Motor

+ Nu - yu

md Rayon | Inspiratn Cop | Inter Iron . | mt Harvester | mt Nickel

4 mt P&P of

$0 2034 Ble 04

Kennecott Kroger G & B L-O-FP Gass Loews ‘hs

Marine Mid ... 10% Marshall Fid 24% McKesson Robb 43% Mident Pet . ® Minn Moline .. 13 Monsanto ..... 9634 Mont Ward .... 607 Mother Lode .. 1%

Nat Bond ..... 27% . Dairy 20!

Y NH & H NYOnt& W .

Oliver Farm Eq 674

Park

oy woo

o »

“JO IH ~T Pe =IO00 In 0D > 3 >

HPS

Prag >

Pullman | Pure Oil

8323 SEEBILS on roms

| Rao N.... | Republic Sti ...

afeway

PD - oy

Gr rr 0

ditt I I 1

HOD LW BIPI BIS DD II IW PAC ra Ea EWG aw NSB

ie iS

Sunshine in

oN Br tS

Texas Co 61 Foxes, auf Prod

Ter ch * .. 1} Tide We AON .. Twin Coach ...

a pp 3 w w

| Sn ol Cal ‘ r Lines ‘\ B® Eo I 2 f 104s as fe » S Rea 12'% ) 8 Ste ‘ | 0 8s Steel wt ..

7% 10415 12% 1087s 13504

p— WO py

9 132%

LOCAL ISSUES

The following quotations do hot represent actual bids or offerings. but merely indicate the approximate market level as furnished by the brokers named. (By Indianapolis Bond & Share Corp.)

BONDS Bid les 61 ...10

w hls. 1084

nd Tel (TH 8 Tel Rr

SBS.

——_ SSSSSBSI S pe

ec & ater Works 5s 8 Water Works 6s 4 Trae Term Co 5s 57

STOCKS

Belt allroad & & St Yds cum. Bet firoad & St Ys P. ‘ Power pt OOK. I In . Ind Mich Bee Co pid 7s . Ind San Co ¢

fo AaSSSS

or DF

- ESS

ery ®o bid 8s |. Bub Serv pfd 5'ss

BG FFD DDB RDS

erre Haute lec Co 8s Union Title C Van camp CLoitee 1h Van Cam Sk A t & Co.)

xi rket AEF “Corp. 34.01 x-Divid

BANK STOCKS

(By Blythe & Co, Ine. Bid

Bankers Trust Central Hanov B Chase Nationa Chemical Bank & ‘Trust. . Guaranty Trust Irving Trust anufacturers Trust xNational C Y . 1. Natl 8

FORELLn | Continuental Chi... ton ational City Cleveland Fire Insurance

Aetna Fire FN ot New York. deral . eed

ational Fire pbobitbblapdiind | |

North River Phoenix

Gert, Tn e humrey

Continental Casual ies Mass. Bonding & Thsurance ‘i

2814 6843,

AND COMMODIT

DAILY PRICE INDEX

NEW YORK, July 12.—Dun & weighted price index of for United Press (1930-1932 average Friday

Month ago ....

Following are the commodity prices used in compiling the

daily price index.

Commodity— Wheat, No. 2 red (bun) ... Corn, No. 2 yellow (bu)... Rye, No. 2 (bun.) LAReLigl Oats, No. 2 white (bu)... .... Flour, spe. pat. (198 Ib. sk) .... Lard, prime steam spt. (Ib)... Coffee, Rio Ts spt. (b.) Sugar, raw 98 test «(b.)... Butter, 92 score (Ib) Hogs, avg. most Steers, avg. most

Today 1.2834 1.311% 93% Say 8.23 A212 RAE 0343 B18 Ja228 0810

Para

ab) vee

30 basic commodities, compiled

146.95 | Year ago + Holiday 1937 high (April 5). 14164 1 1937 low (June 21).

Co! —-— Bradstreet’ daily ig

equals 100): Co. 126.54 Cotton, mid upland 158.26

bat Copper, a

Lead. spot (1b.).

Silver comm. bars

Year A Steel, serap Chi.

Week Ago ro Closed S106 id RY WN 39 7.318 Jost 0 0830

us scrap and hides.

Douglas Fir, rough

Lambs, ave. most sales (Ib) . . Hides, native heavy steers (Ib.). I, fine unwashed comb. (1b.) J

Silk, 13-15 deniers Jap. (1b. Yio Rubber, spt. smk. rib (Ib.)

Zine, spot (Ib) ....... Tin, straits spot ib.)

Gasoline, tank wagon (gal).... Crude Oil. 40 gravity (bbl)

Source of aah GHAR. livtsiouk, lard, steel nelsville: Coke. Tulsa; Crude oil, New York:

Y QUOTATIONS

Week Year Today Ake Ago $1138 Closed $ .1010 A334 » MB. ooo 1303 2.02 1008 Jae NHB0214 086214

i” eae

PrARR ARRAYS

Perens

PARRA

toe.)

RORY. cooks Pig tron, Iron Age comp. (ton) Coke, Connelsville (ton) . .... Cement, dom. Portland (bbl) . Yellow Pine. 6-in. base (m ft.)..

3.50 2.25 38.00 fm ft)... 38.00 002 118

Con-

LATEST NEW YORK STOCKS

High. Low. Last change.

Un Stk Yd .... . HP® LAL Ba om rT

oo 8% wn Wn alker 47%

i2 St Alr Bke ud :

Tr 24% 24% 24% FOHOR Sheet. Bo ahs ame

RETAIL SALES GAIN SHARPLY IN WEEK

Trading in Leading Centers Advances 3 to 8 Per Cent.

Va-Caro Ch 8%

49% 181 42

27 ah

By United Press NEW YORK, July 12.-Pressure for hot weather merchandise brought increasing vigor to retail trade this week, Dun & Bradstreet, Ine, said with volume in summer clothing, beach and sportswear reaching record proportions.

None of the leading centers failed to surpass totals of the preceding week and the gains were from 3 to 8 per cent. Spending of soldiers’ bonus money a year ago was heavy but even with this trading volume this week was 12 to 22 per cent over the 1936 figures. Retail volume in the Middlewest was 15 to 40 per cent above the 1936 period as labor difficulties subsided. Most branches of the wholesale trade showed improvement. The review said that with current expansion of consumer purchases dispelling anxiety regarding seasons end carryovers, some retailers have set fall budgets 10 to 15 per cent ahead of last year. Replacement orders continued to appear and

wholesale volume for the week was 15 to 30 per cent ahead of the 1936 week. Some merchants in the agricultural districts, the report said, have set their fall buying budgets as much as 25 to 30 per cent ahead of the limits last year. The review also said that orders at furniture shows in Grand Rapids and Chicago are running 10 to 30 per cent ahead of last year’s bookings. Replacements of cheap furniture acquired during the depression were held indicative of widening retail distribution this winbeh,

RUBBER INDUSTRY MAY HIT NEW HIGH

Tire Sales in 1937 May Reach 54 Million Units.

BY United Press AKRON, July 12.—Sales and production of the rubber industry in the second half of 1937 will set new postdepression records if unforeseen factors do not change the situation, Samuel B. Robertson, B. F. Goodrich Co. president said. Total tire sales in 1937 will reach 54,000,000 units, and if conditions remain unchanged that figure may even be surpassed, he added. Shipments for the first half of 1937 were about 600,000 units greater a month than in the same period of last year, Mr. Robertson said. In the first five months of this year shipments were estimated at 24 316,000 units compared with 21,169,000 in the first five months of 1936. A survey by the B. F. Goodrich Co. revealed that the average Amerfean motorist's tire bill in 1037 will be around $15 compared with $200 two decades ago. The average truck and bus tire bill has been reduced to $65 from $600.

NEW BOND ISSUES

(By W. Ln Lyons & oN

—

8 uston Lt & Power 3lis 66 ndpls Water 3'.s '68 ‘ s Angeles Rey fia wy

N ty 7 “ Y State Blec Gas 4s '85 ... Y Tel 3lis Ves oEthern State P 3'a8 '67 .. Okla G & 4s ‘4

—

: — pp rr CEIODSCIECPIOPES CRTC TOSOB TSH

rw SSS

INVESTING CO.’s

(By the New FoR Security Dealers Assn.)

Bid Asked B 4 Asked Alm Ne 15 3 19. 881 Revel otis? Be J

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DEUS I JOD 5 Te DD I TOY ey PID =F Bg EE aS Yeas 3S mG ee FO et GS et UD Bn GS TD =F le Hn a | ND DIS DISH SN EICIOD DIET et yas SVT F STI TD es SBS et

FENDI Dee GD

— DOG -TJ=T

Stee shs Ine Inv

TOT Te DR

24.08

BANK STOCKS

(By Blyth & Co., Ine.)

ankers Trust

ntral Chase Nation emical nk Frving. Trust nu ae urers Trust atio Cl i 1i Natl, Chicago. Li

Bons! avs, Bhan ations Fire Ineurance Aetna

Cit tT New York

Fede Franklin

t t Bine. chi AL sthoen

HOG PRICES OFF 10 TO 20 CENTS IN LOCAL TRADE

Vealers Decline Dollar as Lambs Drop Sharply.

Light supply of hogs locally failed to hold the price structure today, values sagged unevenly from 10 to 20 cents, according to the Bureau of Agricultural BEeonomics, U, S. Department of Agriculture. Heavy hogs took the big end of the downtorn, the general trade on weights below 275 pounds being 10 to 15 cents lower. Top eased to $1265. Sows lost 25 cents as a rule, although some of the heavy= weights declined as much as 50 cents. Fed sters and heifers met good buying support and ruled fairly steady. Best steers available cons sisted of yearlings scaling 900 pounds at $14.50. There were other sales of short-fed kinds at $11.15 to $13.50. Lower ideas on the part of shippers, caused by hot weather and well stocked coolers in the Bast, pushed vealer prices downward $1. as compared with last Friday. Good to choice vealers cashed from $9.50 to $10, with mediums from $7.50 to $8.50. Lamb values slumped 50 cents this morning, mostly because of heavy receipts at other markets and lower indications reported from Chicago. Good to choice ewe and wether lambs went from $10.50 to $11.

July

o» hd Ne

3 352

II SAI

IVT pt ot pt pt pt PT

IORI ISI IIIS NS | Boy I IY GaN aaaB

ee -

Lightw S160. To Good and um

(180-200) Good and edium

Medium oo, Ente (200-220) Good and (220-250) Good and Heal weights 30-580) ¢ Good ahd

choice. .

es pt pi

VOD weve (53 FESPA vw SUD BIT EE DEST 28333 Sa 95 TIES

choice . . choice . .

choice d choice. .

oe po

—

£2

Steers ~—Receipts, (580-900) G

00! (900-1100) Good

1200

(1100-1300) Go

M (1350-1500) G

Heifers (550-750) Choice Good Common ‘ “s Good and choice Common, medium Cows Good and choice .. Medium FiEea Low cutter and cutter Bulls, good PERRET Cutter, com

(750-900)

Vealers Receipts, 800 d choice ‘ Seqtum : 7.50@ Cull and common Loo 8.000 Calves

"t850- 500) Good and choice § 8 0@ 10.00 Common, medium @ 8.00 Feeder and Stocker Cattle

8 (500-800) Good and choice § 7 ommon, medium (800-1050) Good and choice . Common, medium Heifers ps

ood and choice Some and medium SHEEP AND LAMBS Receipts, 200Spine. A amigue ghot

$ [email protected] r Ly

Common Shorn Ewe 100« 178) “Good and choice Common, medium By United Press CHICAGO, July 10. —Hogs—Receipts, 3000, ineluding 2500 directs. Market nominally gieady Tn very Tew fresh hogs on sale; 12.00 nomina attle — Receipts, 1000; calves, 100. Steady. Fed etrs and yearlings u 3 rassert and warmed-up offerings, H0c@si igher: cutter cows, 50 to 75 cents higher, bulls, 25 cents higher: vealers, 50 to 7 cents higher: strictly grain-fed steers, $15, with heifers $13 and better: top steers, 16.75. new high since 1030: several Joads 16.60 down to 816.50: heifer vearlings

She Receipts, 5500. Steady. Spring In Pi cents higher, vearlings scarce, quotable 25 to 50 cents up. ote lamb top, $12: bulk na1, ). seven is, hes gs, $11.50 with 8 to hea . these averaging, i 74-79 Ibs, at $0.50; slaughter ewes

WAYNE, be. 10,

J! on: Calves, $0.50 down. Lambs 10.50 down.

U. S. STATEMENT

GTON, July 12. -—<Government sk einit for the current fis cal year th hrough July 9, compared with

: Year # o This Jour Last Yaar Expenses . Receipts

BSD EI me TV BI WDD DIS OE IAIFBISIO

“Fads DIBSBDASE

i, aR CEU

Be TY

‘oh: a Hi i

a edad DAD es BIW a DD OD

TO ee

0 ustoms tal

Inae. Gold .

Car Building Up

AUTOMOBILE PRODUCTION IN THE UNITED STATES

(U.S. DEPT. OF COMMERCE)

VV IOOTTED LINE IS THE PAST TEN YEARS AVERAGE OF

DG DW Bere Dis -~ IDES IVEINT

DPE IIB DD -

» — — >» a3 a = oS >" Taae = BD

ARR A

New York Bonds

BOND PRICE INDEXES

20 20 20 Indus. Rails Utils, ne LEN 101.2 Week ago... 91.3 na 100.3 Month age . 91.2 91.3 101.1 Year ago ... 91.0 LIN) 195.9 193% high... 95.9 101.2 106.0 1937 low .... 90.8 20.1 9.3 1936 high .. 91.8 100.4 108.2 1936 low ... 90.0 fy 108.5 1935 high .. 21.4 86.1 103.6 23.1 1935 low ... 836 Le 80.3 83.0 (Copyright, 1037, Standard Statisics Co.)

U. 8. GOVERNMENT BONDS Land Bank Bonds i Ask Yield July toast 8 1a 2.84 1956-46 ........1007% 2.85 ‘aa “a a 2.86 2.89 2.50

60 Bonds P5a LIN 93.5 78.9 100.5 23.4 100.2 23.3

Saturday ...

4s May 414s 44s

Anaconda © ¥g 30 Arm_Co Del TR es 8 Bu R & P con 4148 57 Can Pacdeb 4s perp ... Chis & h 35g ¢ 3 Eh Ad 2 a8 Ch M 8 B® Bs 2 Chi N W 4%s “s Shi Un Sta ous 83 ‘a

Ga -—

— = IRB IBDBS he DB Ras 2 DH Der DDI - DDD DB =

& Tas 81 FOREIGN Argent 4158 71 Brazil 6158 26-57 Canada 5s 52 Canada 4s ‘ Canada 3'is 61 . ile 6s 60

Young

o > Z = Og

De 3 Ed WO DID wl BD PS

a owe

a LN

Norway 4 6 RET Peru 0 60

NEW FACILITIES AD STEEL PRODUCTION

Biast Furnace Capacity Better in Six Months.

By United Press NEW YORK, July 12-Establish« ment of new facilities and enlargement of others has increased the annual producing capacity of the steel industry since December 31 by 289,500 gross tons, the American Iron and Steel Institute said today. Annual ingot capacity of the ine dustry is placed at 69,534,194 gross tons compared with 69,244,604 gross tons at the first of the year. Blast furnace capacity has been ine creased to 49,819,737 gross tons from 49,604,737. The new figures will be used by the Institute starting July 1 in making its regular monthly and weekly reports of rate of operations. The following table shows the capacity of the industry in gross tons for producing steel ingots by various processes, as of the end of last year and as of July 1: July 1, Dec. 31, 1037 1036 Open hearth.. 62,160,362 61,065,862 Bessemer 6,325,000 6,325,000 Electric 1,038,252 043,252 Crucible 10,580 10,580

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Total capacity .. 69,534,194 60,244,604

BROKERS’ OPINION

NEW YORK, July 12.—Brokerage opinion today: E. A. PIERCE & CO.—It appears that the current process of consolidation may continue somewhat longer. LAMBORN, HUTCHINGS & CO. This recent rally should be convineing proof of the desirability of making a careful selection of securities for the subsequent rise. HORNBLOWER & WEEKS-—-We are inclined to believe that only a minor reaction will take place at this time and ‘would, therefore, be prepared to buy stocks between the 174-176 level. SHIELDS & CO.—Last week's market comeback was overrapid in many groups so that a somewhat more irregular affair may be experienced momentarily but unless there is unexpected bearish development, policy of buying on reactions seems warranted,

"FOOD PRICES

CHICAGO, July 12, Beet Tennessee, Naney Halls, Tots -Galiio ornia, erates, ~ Illinois, ., B0@75e, $1.75 fr. oe" Miiflower RN California, erates, 81.7566 ens Walkhingion, hampers, $1 Bon 88. Celery — Michig flat crates, 25a B0e, California, vellows,

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luge,

Onion (50-1b aks. $1. Iowa, vellows, 81,

New Business Books Available at Library

The following new business books are available at the business branch of the Indianapolis Public Library:

CAD: ERS AFTER 40, by Dale Carnegie Onporeunities and ways of enriching lif

io OCURITY! ™ RAYgi Sr aR APF Bh ER bs Ba types of “inancihe Th

ous quanti es " securities upon the meriecan Bultic,

PEREIRA

hag [append io years since the

| Commercials, 82: Missouri Bliss " lers,

STRONG DEMAND AIDS WHEAT AS CORN DECLINES

Bad Weather Report From Northwest Turns Market Up.

By United Press CHICAGO, July 12=The wheat market firmed on a strong demand today and prices were higher on the Chicago Board of Trace.

At the end of the first hour wheat was unchanged to 5 cent higher, corn was '4 to 1% cents lower, and oats were 1s to 3 cent lower,

Unfavorable weather and crop comment from the domestic Northe west was a bullish factor and after the early wave of profit-taking had passed a demand for December fue tures turned all months higher, Some buying was credited to Easte ern houses. The upturn, however, was retarded by some hedge selling and scattered speculative offerings, Wheat receipts were 652 cars,

Corn declined 2 cents in the Dew cember delivery before a reaction set in. July maintained a relatively steady undertone and this action aided September corn. Receipt of fair rains over the main corn belt was a depressing influence, Corn ree ceipts were 47 cars.

WAGON WHEAT ity grain elevators are paving for N 1 Fee! mg laosnel, Sthdes on on (Sus “uli 5 a 406, Hay—No. 1 Dmotho O8) [email protected], Ci

WINNIPEG WHEAT WINNIPEG, July 12.-July, $1 J 1.43%, up 3s to off lhe: December, 1.38 1.87%, up 4 to off ‘se; December, ni @1.33%, up ‘2 to off lie,

ARGENTINE GRAIN BUENOS AIRES, July 12.—Grain ee opened higher, Wheat—August, 81.24%, up 1%e; September. $1.22, up 1%e. Corn-- - , 38 + hy up ‘ge: September, 587xc, une ax August, 81.34%, up 1'i0% September up le, Oats=—Spot, 20a0, hake.

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LIVERPOOL WHEAT

1.421, 1.404 1.421% RTI i 1% 1.40

LUMBER SHIPMENTS DECLINE IN WEEK

By United Press WASHINGTON, July 12.—All re. gions of the lumber industry re ported orders below production and all but West Coast, California rede wood and northern hardwoods ree ported shipments below production in the week ended July 3, the Nae tional Lumber Manufacturers Ase sociation sald today. Production by 498 mills, 13 per cent less than in the preceding week,

aggregated 242,915,000 feet of hardewoods and softwoods combined, a decrease of 10 per cent compared with the preceding week's total of 200,310,000 feet when 572 mills reported.

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WOOL TRADE IS QUIET By United Proas

BOSTON, July 12.—Business in spot wools on the Boston market during the past week was mostly very quiet, the U, 8, Agriculture Department reported. Persistence of the strike of wool handlers prevented mills from covering Immediate needs. Mill demand, on the other hand, did not appear generally urgent because wools outside of Boston available for delivery were almost as much neglected as the spot wools within the city. The little business trans acted on spot wools was for future requirements and sales indicated comparatively firm asking prices.

MONEY MARKET

NEW YORK, July 10. -Money rates ree mained unchanged today. Banker's Acceptances - 30 days, Yad 116%: 60 and days, 'a®@7-16%: 120 days. 0-16@ ‘2%: Qs0 and 180 days, a @ Commercial Pa Shue pLinee namey, 1%. Time Money--6 Rio days, 114%: 120, 150 and 180 d days, he Rediscount hr at New York, them.

December ..

ebits for week

LOCAL PRODUCE

(The prices quoted are xe gathered in the country while for delve eries in Each ful! ca the prices are 1 cent igher, Each full case of eggs must weigh 55_pounds gro Jgs—No, 1 8 riotly fresh loss off,

envy breed hens, 5 lbs. and over, 14c} Leghorn hens, 10c. Heavy breed broilers, Ibs, and over, 16¢c. Leghorn 0 2 lbs. and over, l4c, , 1037 stock, 2 lbs. and over, 13c. roosters, 2° Ducks, full« feathered and fat, § over, 6e, Deese, full= feathered and “tat, " to 14 ibs. 346135¢c; No. 2, 29¢; No. 3,

CHICAGO PRODUCE

Eggs—Market, weak; receipts, 18,469 i fresh graded firsts, 2006: extra h 20%c¢; current receipts, 19'sc: dir17%c; checks, 17¢: storage-packed '. SLOrAge- Dhered extras, 21';c utter—Market, firm: receipts, (00-0114

160

Butter—Creamery, No. 1, TE Butterfat—No, ' 1,

by Teak HT oulfornia Whita h i 8. ‘Commercials. $1.90 Colores Rude Burbanks U. 8, Thin pls, $1, 200 1.25° Coha Ob

81.30671.2

ri= 8: Arkansas Bliss Tri $2.35. Louisiana Bliss Trium mphs, ' ck sales. less than ecarlots, I alo Bliss THM. $2.50. Arrivals, 219: on track, 345: shipments—e Sundav, 44: Saturday 1017 Po oultry —Market, unsettled: trucks, e 12¢; hens, 1400 1c: horn hens. 10614c: spri eh

oosters, 13@ldc: backs). eese—Twins, 186 4% , Daisies, 1

Jagrade: 2 Ya@ 16%¢; Longhorns, 16.16

ON SAVINGS

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