Indianapolis Times, Indianapolis, Marion County, 17 July 1937 — Page 11

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SATURDAY, JULY 17,

1937

THE INDIANAPOLIS TIMES

"PAGE 11

COMPLETE N. Y. EXCHANGE

STOCKS x

+ The Times Financial and Market Page =

COMPLETE LOCAL LIVESTOCK

STOCKS STEADY IN QUIET MARKET AS FEW SHARES GAIN

U. S. Steel Advances

Fractional Point.

By United Press NEW YORK, July 17.— Stocks moved narrowly in very dull turnover in the week-end session today.

Declines and advances were about |

evenly divided and no particular group stood out as a feature. Listlessness ‘was ascribed to an attitude of caution pending indications of the fate of the Court Bill. There was nothing in the news to influence the list. The Street anticipated a slowing down in automobile production next week as the industry prepares to turn out the 1938 models.

Some short covering came into U. S. Steel just before the close and the stock registered a small gain after touching 114':, off 1%, on the opening on a block of 3000 shares. Bethlehem and Republic also were higher. Chrysler gained a point and held part of it. General Motors was about steady. Copper shares were steady to firm with Nickel and Kennecott on the upside. Oils sagged a trifle. Warner Bros. was firm in the amusements. Robert Gair again made a new high. Du Pont lost a point in the chemicals. Utilities were firm. Crown Cork & Seal among the special issues recorded a 2-point gain.

Market Prices

Advance in Week

NEW YORK, July 17.—Business made a smart recovery from the holiday week but the stock market slumped in volume with prices mixed as a result of a decline in railroad shares. Commodities firmed slightly in the average being retarded by a breaw in cotton futures. Bonds were mixed on the week. Steel operations made the best recovery on record. The operating rate rose to 82.7 per cent of capacity. a jump of 154 points or 229 per cent from the preceding week. Automobile output rose about 15,000 units as predicted but the outlook for the immediate future was less favorable with Ford scheduled for a three-week shutdown and two other units winding up their 1937 models preparatory to a change in the 1938 models. Building operations were up about 39 per cent as compared with the corresponding week of 1936. Electricity output continued to show a gain over a year ago although it was smaller than recently. Retail trade gained and was up 10 to 20 per cent over 1936. Wholesale was 15 to 32 per cent above 1936. Car loadings dropped 123,963 cars from the previous week because of the holiday in the latest reporting period. The market had a substantial gain on Monday when it appeared as if the Supreme Court Bill would be defeated. On Tuesday it had a slight setback on profit-taking. A small gain Wednesday when Senator Joseph T. Robinson, Senate leader for the Court Bill, died. Wall Street concluded the bill died with its strongest proponent. On Thursday a fair recovery came into the industrials on hope of an early Congress adjurnment. Prices sagged again on Friday when President Roosevelt ordered continuation of the Court Bill fight. While the Court Bill dominated the news the Street also was worried about such items as another wide break to a new 10-year low in the French franc; railway wage discussions were reported deadlocked; some poor corporation reports for the second quarter and a few other items that affected individual stocks. Items on the favorable side in addition to those mentioned included increased production of such articles as motors, mechanical conveyors, brewery equipment, and metal products; a half-cent advance in gasoline in the Eastern half of the country; another drop in gasoline stocks; a rise in scrap steel, and a jump in rural retail sales. teel shares featured the market on the upside. U. S. Steel made a new high on the recovery and was the most active of the group. Sloss Sheffield made a wide advance which helped Allied Chemical, a large stockholder. Farm shares were whirled up on higher farm income reports but they met profit-taking and sold off from the highs late in the week. Case got back to its previous close after a wide advance. Several of the issues made new tops for the year,

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS 40.19 —0.18 —0.68 —0.19 40.8% High, 1937, 194.40; low, 165.51. High, 1936, 184.90: low, 143.11.

20 RAILROADS Today’ ..... in ey 53.28

Yesterday Week a0 .....oovvee Month age Year ago High, 1937, High, 1936,

64.46; low, 50.17%. 59.89; low, 40.66. 20 UTILITIES

Yesterday Week age ....

Year ago High, 1987, High, 1986,

31.54; low, 25.45, 36.08; lew, 28.63. 70 STOCKS

wean rere 62.02 Week BRE +..vssvevennavensss GLY Month RRO ...chivinninnees, 39.19

Year aro irae. GOB 028

® ®

u »

MARKETS AT A GLANCE

Stocks: Irregular in narrow range. Bonds: Steady; U. S. Government issues irregular. Curb stocks: Irregular dull trading. Chicago stocks: quiet.

in Irregular and Foreign exchange: Irregular. Cotton: Futures steady. Grains: Futures mixed at Chicago; wheat up % to % cent a bushel. Silver: In Th ondon 20 pence a fine ounce, off 1-16 penny.

TRADE IN WEEK GAINS OVER "36

Distrubution Aided Cooler

Retail Considerably by Weather.

By United Press NEW YORK, July 1, —Retail and wholesale trade this week continued well ahead of the comparative 1936 volume, in spite of unfavorable weather in the Eastern area, Dun & Bradstreet, Inc., reported. Retail distribution was aided considerably by cooler weather, the Review said, although rains in various sections interfered with consumer buying. Sales volume was estimated at 10 to 20 per cent higher than in the preceding week, with clearance promotions again providing the principal attraction. Larger crops and expectations of better prices for cotton carried sales in the South 15 to 30 per cent over the 1936 volume, with the Southwest and Middle West close behind, showing increases of 15 to 25 per cent. Retail volume on the Pacific Coast averaged 13 to 20 per cent over the corresponding 1936 week, and in the Northwest gains ranged from 12 to 20 per cent. New England states continued 12 to 20 per cent higher than last year, while the Eastern area, hampered by alternate rain and heat, averaged 8 to 18 per cent better than in the 1936 comparative. Heavy reorders for summer goods and mounting volume of advance purchasing for fall requirements brought wholesale volume 15 to 32 per cent higher than in the corresponding 1936 week, the Review said, with a good part of the buying prompted by fears of higher prices later in the year.

Week’s Business At a Glance

ADVERTISING—Advertising Age: Week ended July 3 retail advertising placed in newspapers of 78 major cities 18,540,904 lines vs. 18,731,839 in previous week and 15,619,857 year ago; year ago date 536,839,

"169 lines vs. 506,289,555 year ago.

AUTOMOBILES — Ward's Automotive Reports: Output this week 115,380 units vs. 100,031 last week and 97,768 year ago. BANKING—Dun & Bradstreet: Week ended July 14 bank clearings $5,816,126,000 vs. $5,021,260,000 a year ago. Federal Reserve—Gold stock up $47,000,000 to record high of $12,423,000,000; circulation off $67,000,000: excess reserves up $80,000,000 to $960,000,000; brokers’ and dealers’ loans off $41,000,000; patio 79.5 vs. 79.6 last week and 79 year ago. CONSTRUCTION -. Engineering News-Record: Awards this week $59,437,000, up 39 per cent over year

ago. ELECTRICITY — Edison Electric Institute: Week ended July 10 output 2,096,266,000 k. w. h. vs. 2,238,268,000 previous week and 1,956,268,000 year ago. FAILURES—Dun & Bradstreet: Week ended July 8 totaled 108, lowest since July 8, 1920, vs. 155 previous week and 140 year ago. INDEXES—Dun & * Bradstreet: Week ended July 14 business activity 100 per cent of estimated normal vs. 93.6 last week and 97.4 year ago, food index July 14 remained at $2.90 as in previous week and $2.74 year ago. Moody's: Week ended July 14 business activity 110.7 per cent of average vs. 1048 per cent previous week and 98.4 per cent year ago. LUMBER -— National Lumber Manufacturers Association: Week July 3 production of 498 mills 242 - 915,000 feet vs. 290,883,000 previous week by 541 mills; shipments, 252,082,000 feet vs. 265,024,000 previous week; booked orders, 225,492,000 vs. 218,589,000. STEEL—American Iron & Steel Institute: 82.7 per cent of capacity vs. 673 per cent last week and 69 per cent year ago. United Press estimate: Steel ingot output this week, 1,088,000 tons vs. 885,000 last week and 530,000 year ago. TRADE—Dun & Bradstreet: Retail trade this week 2 to 5 per cent over last week and 10 to 20 per cent over year ago; wholesale, 15 to 32 per cent over year ago. (Copyright, 1937, by United Pres)

BANK STOCKS

(By Blyth & Co. Inc.)

st acturers Trust ‘ onal Ul Natl. Chi ontinenta a ca First National Bank, Boston xe. National Shawmut, Boston. ‘

National City, Cleveland Fire Insurance

Hartford Home ...... National Fire North River Phoeni saree assure.

Seasaaperantianaes

.. Fire tehester ....u vive,

Cal

By United Press sn Jl

Abbott Lab .... 4 Acme Steel .... ams Exp .... ddressontant . t-May Bl Sok Jun .... ¥

oom Z5as

>»

1938

& F Prd bi 0g r P 4 Hide Loco 31 ly. 19% s At, 8 vad & S 8. 20% Roll Mill .. 36% afe Razor.

Seatipr me SR tl Fdies...

NVoolen “ oolen bi. . a Zin . 13

Type F. ... au Ww. - \

AMuconds Anchor Armr Bey . Armour Til Armour Ill pr pf 89 Armstrong Cork 3 7

Arnold Const .. Atchison eine Atchison pf

NOW

Atlas Pdr Auburn Auto .. Aviation Corp .

3ucyrus-Erie udd Mfg

udd Wheel va Jullard vor 3% 3ulova W ..... Jurroughs 3utler Bros .. utler Bros ot.

Byron Jackson Burlington Mills

Callahan Zige ' Calumet & H... Canada Dry ... Can Pacific... Carriers & Gn Caterpillar T . Celanese .

Jada

TJ=T CID RI -

— RON SRS RASS hg

” Ss tS aN

Lars —- Ea

—

Tt BD Bt BIC Ci _—a oo

— _~

Cutler-Ham

Davega Strs

ih atc Dee eg Dou pas Air Du nt Du Pont deb

2 Cast 37V: ... 58% 199%. ..133 Sf 125% . 33 . 12Va 372 10%

& Mus (Ind 47% yb 20

East R Mill ... Eaton Mfg Eitington Sch Elec I . Elec Boa Elec &

36 ae 15 ne

Bi Paso Nat Gas Exchange Buf .

Fair Morse .... Fid Phen oie Firestone T .... 32 First N Strs ...

Food Mach ... Freept-Sulphr

Gai Gair Rows Gar Wood Ge A any, ot A Tr Bronze

0/8 id 370% nd . 12% ‘ 90% . 69Y2 v 8% vv S8 wo 9634 . 31% 2

Godrich .. .... yoodrich pf ... yoodyear raha. -Paige.

Greyhnd 1 Greyhnd 17 2 of

Ys 15%

Hse 14% . . Hupp Motor ... 3% 3%

——" nn, Cutral Lt... 23%

] Be a) Rand 131'% nh and Stl 118 hspiratn Cop .

23% v,

18% 15% .. 58% .» 15% vor 38% . BW

«+ 31 217%

QO DBD TIT rt J ek pt et TN TTD DINO CIN oP - 0 u

“DPN DEI

48):

26 193

aladadre nad

ro =A

wird hd DD EDI A aT IO = = w ER a

=3 O00

SIDS Be © a os 8

8% 159% 133

13%

Bs 37a 109 47% 20

36 2454 15%

Go. — NAN a®

12% mi 15 59%,

15% 387s 5

11 217% 19% 147% 40

65 271

Net Low Close Change

EE FPP I

CELE ELE : y . BI &

+}:

SRAEEEd

:¥FFILF £

+11

1 i

Armour Rep Steel Spiegel Ine Int Nickel Pure Oil Can Pac

Walker Hiram

Gen Elec

N Y Central .. Socony Vacuum

Symning-Gould. Gen Motors ... Texas Corp ....

Transactions approximated 250,000 shares compared with 300,000 shares Curb transactions 75,000 shares compared with 73,000 shares last Satur-

last Saturday. approximated

h low 114%

Warner Bros .. Gair Robert ...

15% 12% 410% . 28% 62% 21% MK 39% . BO%% 20% B64 11% 2% 63%

13% 14% 12% 39% 23% 61% 207% 1% 39% 19 20% 564 11% 52 63

es 14% 15% 12% 40% 23% 62 21% 11% 391% 504 207% 56% 14% 52% 63%

+ %

% A kL

arine Mid

artin athieson cGraw EI cIntyre Pore cKeesport cKes & Robb. engel

Mident Pet Midland Stl Minn-Moline Mo-K Tex Mo Pacific Monsanto

Mullins Mfg B Munsingwr YC

Nash-Kel a

3 Rept st. t G

Na ; Newport Ind entral

gis Si

Suhre Deine

Pac G & EI

Pict Para ict i 4 Park Utah v

Pitts Sc &

Gypsum ..

arshall Fd 2 Gl 2

fami Cop ....

00 bt LI SI bt DI TIBI et st D=-IOWWDOP

YC $8 ibus . YONT TR

Oil 2 Silver” Fa rm Eq

Owens Ill Glass

tH 188

Re 41%

97 a

\. BY

Ne Low Close change

FEE

CID COI 5 ht ek CORI ek bt NE

NON D-INDRWO-IODOWWDD

- NS

nw >»

10% 25

ogra SSSBweH > ae #® FEFESFESY

8 BICOM4 BICOL COG COM lans SIO CHD TAD 3000-30 EERE

BO DN OY SNR

Cent Chgo Sheo Flex” Sha git Sn Service

Gen Hsh Ind Stl Prod Jarvis

Katz Ken-Rad be Kingsbury Br La Salle Exten

Ut & In Walgreeh or Zenith Radio

Aero Sup B .. Al Ltd .

neral aracaibo

Su uper App El Pwr A Ark N Gas

Cities Sery Col & G

Cord Cor

fst Mex A Ford Can

Humble oo Imp O C Jones&rLau stl

Sunra Technleotor

eptember tobe

Am Cyan B ...

Std O y ... 20 td Oil Ohio .. 3 terchi Sos “

Wright Sore 'y

COMMODITY PRIC CES

(By Abbott, Proctor & Paine)

1d_Ut " Gt Lakes Dredge “a

B slyn Mfg & Sup ru

50 Col Power A unstrd Mch T

Co Utah. Radio Prod

Bigh

a . 10% 17% Ya

10g}:

Con Cop Mns ..

Ford M Lea “3 Gen T & R ... Srd Nat Films. Oil ‘an

0% 106 29

10% oa

Rn 61%

Chicago

Low

COTTON

New York

ue ih pi

120 i 3 2 12.03 t, 12.52. uchained.

New Orleans

BR —-D DOF DI pit pt YT Sn oh L300 oI

> >»

BI BND 4 NOIR DOS

BS -

3 03 == a BD > a

On SO BI TI LD B BD 30 UY > = a ca

a BD

Curb Stocks

117 + 19'% 34%,

11.3% 3.03

NEW YORK COTTONSEED OIL

H Tow Close

BUTTER

Ba vv rT 2in SRNR Log 0.17 9.17

ow Close 3

12% 52

5a 10% 12% 19

Last Change

hi 21 1s

FINAL NEW YORK STOCKS

16 MOST ACTIVE NE

Net High ow Close ohunge

Dts United ...

e Of > ureO8cu ‘ev ot 1 Purity Bak ..

. 15% woo

Sw Mot Republic Stl n Moet

Revn on Spring

t Jos Lead.... t L-8 Fran pf. avage Ar ..... henley Dist .. hulte R ..... Seabd Sl L. agra oe Sears Roebuck . Servel Inc Sharp & D ... hell Un Oil... mmons

5 21% 1“ 1% 1%

DD QOD BAN) ae

Pa ® as

kt pt LBD

Sunshine Min .. 19

Texas Sop oo 633% Texas Gulf Prod 7% Tex G Sul ._... 36% T& Pac LT .. 13 Ard Av kv vee L890 Tide W A Oil .. TWAOil pf ..¢ Timk-D Ax .... Transamerica

Tri-Cont "s 20th Cent-Fox .

aI BD PWIOD IW waa = arr a

0614 23% 130

ans

Union Carb ....102 101 Un Oil Cal .... 25% 25% Un Pacific. .. 130% 130'2 Un Aircraft Cp. 30% 30'% 18 177%

ve LD f .. 38's 38 12% 12% . 31 21 12% 123% . 80 60 ’ 19'% 32 16% 11% 5

1% 20% 36

Vadsco Sales Vanadium Van Raalte

1% 0 . 36

Wabash Wabash pf A Walgreen Walgreen pf Walker (H) Walworth Warner Bros Warner Bros pf § Warn-Quin Waukesha Mot Wayne Pumb Wes Oil & 8

Wheel Steel White Sew M Wilson & Co Wilson pf .. Woolworth Worthington . = Worthing pf B

Yellow Tr Young 8 & W Young Sheet

23a 3912 0

37%

23% 39% 89%

Zenith Radio .. 37%

LOCAL ISSUES

The following quotations do not represent actual bids or offerings, but merely

indicate the approximate market level as furnished by the brokers named (By Indianapolis Bond & Share Corp.)

BONDS (TH) 4%s 61 Ft. W 5%s 55

er Term

Belt Railroad St Yds cum .. Belt Railroad & St Yds p 1. . xCent Ind Power pf Ts.. 3 Hook Drug Inc | Ind & Mich Elec Co pfd Ts Ind Gas Co cum .

ERM llory Co com (new) .. Pr aress Laundry . > Pub Serv Co of The 6s. Pub Serv Co of Ind 7s.. Smith-Alsop ofd Smith-Aisop com Haute Elec Co 6s

xMarket St Vin resting Corp. . 34.23

xEx-Dividena. FOREIGN EXCHANGE

closed irregular. Cable Ses Net Change und) . . . $4.97} 4.007%

England ( g day

England : bill rat Canada (dollar) France tfranc) Italy (lire “ea Belgium Thelga)’ Germany (mark) Germany (travel

sw treriand (franc) Holland (guilder) Spain (peseta) Sweden (krona) Norway (krone) Denmark (krone) Australia (pound) . Austria (shilling) Czechoslovakia ( 0-

runa) Finland (markka) Greece (drachma) Jugoslayia (dinar) 023 New Zealnd {pound) 4.003 Poland (zloty) ... 93 Portugal tescun) Rumania (leu Argentina {oft Argentina (uno

peso) Brazil (offl milreis) (unoffl mil.)

50)

Jrugusy (peso) . .. Mexico (sliver peso) Honk Kong (dollar) Shanghai (yuan) India (rupee) Japan (yen)

LOCAL PRODUCE

(The prices quoted are paid for stock athered in the country while for delivEries in ryan i the RTs are 1 sent eggs must

we. gh 55 pounds g ho BaRy=-ND. 1 strictly fresh, ioss off, 17c

vy breed hens, 5 lbs. and over, 15c; 10c; heavy breed broilers, bs, and over, : ho Ly 1 31 stock, bareback broilers, over 30: ol old Jovsters, eathe ver, eese, full- Poathered and at, ™ to 14 Ibs,

Butter Creamery No. 1, 35% No. 2. 31a @33 Vic. Buttertat—No: 1: abe. No.

MONEY MARKET

YORK. July 17—Money rates remaimed unch baiged Loan - Yes Ye

2 Hott. fa 90 dyin. SE ki

Ea eH

“land more on medium

NEW YORK, July 17.—Foreign exchange $ |

_JEARY PORKERS GAIN 10 CENTS; RECEIPTS LIGHT

Lighter Weights Here Are Steady to Top of $12.70 On Supply of 800.

Hog prices advanced for the third consecutive day, light receipts again being the governing influence, according to the Bureau of Agricultural Economics, U. 8. Department of Agriculture. Today's trade ranged steady to 10 cents higher than Friday. Weights above 225 pounds received the max-

% bimum advance. Top price was $12.70.

Receipts approximated 800 head. There was no trade in cattle today. Compared with the cloce of last week slaughter steers and year-

* lings are generally 25 to 50 cents

|lower, with instances off 75 cents short-feds.

Good and choice heifers closed 25 to 50 cents higher, while common and medium grades ended 25 to 50 cents lower. Bulls are steady for the week and vealers declined $1.50. Stockers and feeders sold weak to lower. The week's top on steers was $15.50, odd head touching $15.75. Bulk fed steers and yearlings ranged between $13 and $14.75. Short-feds and grassers had a spread of $8 to $11.50. Heifers topped at $14. Late high on sausage bulls was $6.75 and $9.50 on vealers. Nominally steady prices prevailed on lambs. Compared with the close of last week lambs are mostly $2 lower, although a few strictly choice kinds are off less. Closing bulk good to choice offerings rested at $9 to $0.50, late top $10. Slaughter ewes are unchanged at $3.50 down.

ly Bulk Top Receints

Light Lights (140-160) Good and Choe.

Medium Lightweights— 1160-180) Good 2m

Mediu (180-200) Good and Mediu

Medium Weights (200-220) Good 1220-250) Good Hea hts—

choice. .

choice. . choice. .

choice . . choice. .

QUIN OB AT SIA BUD OR NIT PO FO LOIN OOD

ood . (275-500) Modmim Siaughtes PA 140) Good and choice ' Medium vee CATTLE Steers -~Receipts,

Lr vf pr pa oe i OOO = NN DNR BN

83 893d

ory

175~ (550-000)

Good (900-1100) Gr

(1100-1300)

(1350-1500)

BRII33I3TZ

QOVODOOW 23 83933993399 er rr EAD RIDE oe or

53333333

(550-750)

(750-900) Good and choice .

ommon, medium.

I and choice

Low cutter and cutter Bulls, good Cutter, com, Vealers

Good and choice .. edium . Cull and common Calves

Ste 1250- 2500) Good and choice. .$ gan. g0 Common, medium 00@ 8 Feeder | and Stocker Cattle

eers (500-800) Good ana choice .§ oe 9.50 ommon, medium 2a 7.50 (800-1050) Good wna choice . Common, medium Heifers—

Good and choice .. Vas Common and medium .... SHEEP AND LAMBS

Spring Lambs— Choice

Shorn Ewes— (90-175) good Common, |

and choice medium

By Uniled Press CHICAGO, July 17. -- Hogs—-Receipts, 1500, including 1400 directs; no fresh hogs to speak of; practically nothing done; market nominally steady at $12.70, Cattle—Receipts, 300; calves—Receipts, 100; steady: weighty and fed steers, 75c% 81 lower; light and long vearlings, 50 cents down; weig ty fat cows steady. all others 25 to 50 cents off: grass heifers, T5c@ $1 bulls, 25 cents off: vealers, 75ca=81 off for week: extreme cattle top, $16. 5: he above $16.00; heifer yearlings to

Sheep- Receipts, 3000, steady: spring lambs, [email protected] lower: sheep weak; sorin os lamb top $11.75 for week; natives, $10.00@ 11 fo, Food lo choice Idaho springers, $10@10 82-86 ih. fed, wooled new crop aS $10.25; scattered vyearlings [email protected]; Hughes ha es, [email protected], FT. WAYNE, July ~-Ho = Market. : 200-225 1bs., Ibs., 225-250 1bs., 1bs., 250-275 lbs, Ibs., 300-350 Ibs. Ibs., 140-150 lbs. Ibs., 120-130 lbs. 120 lbs. 55; rough $9.75, stags, calves, 80; lambs, $9.75.

LAFAYETTE, July to 10c higher; 200- S10 oe 1 12.45; 225-250 Ibs. $11. 80@12,00;

lower;

$12. 40; $12.20, $12,

sh 50;

~-Hogs—Market, 5 $12.60: 210-225 $12.206112,35; 275-325 1bs.,

150 1bs.. 25; $11, 00eu1L 25: 100 -130 1bs.. roughs, 25 down. Calves—$8.50@9. Lambs-—$0. 00@ 10.00

GOLD IMPORTS GAIN By United Press WASHINGTON, July 17. — The Commerce Department reported today gold imports in the week ended July 9 totaled $61,347,712, an increase of $20,353,972 over the previous week. Gold exports totaled $35,352, an increase of $7,149. Silver imports aggregated $1,020,407, a decline of $720,275. Silver exports amounted to $62fi526, an increase of $32,744.

Circulation Up

MONEY IN CIRCULATION (U.S. TREASURY DEPT)

JUNE EACH YEAR

hell LL THE PARKER CORP. GENERAL DISTRIBUTOR

L. INCORPORATED INVEST ORS al

BOSTON, Juy 11_Pity dollars a a wt om

BILLION DOLLARS

New York Bonds

By United Press

BOND PRICE INDEXES 20 20 20 Indus, Rails Util, "3.4 1070 nae 101.0 93.7 1.2 ns.4 100% P43 106.0 8.7 100.3 101.2 106.0 nA 0.3 100.4 106.2 $4.7 1035 1935 High #54 1038 8.1 1935 Low 70 50.3 #3.0 (Copyright, 1037, ‘Standard Statistics Co.)

60 Bonds 95.3 95.3 95.5 95.0 a 80.2 100.5 LER 100.2 93.3

Toda; Yesterday Week ago Month ago .... Year ago Two years ago. 58.6 1937 High 95.0 1987 Low 1936 High .. 1936 Low

DAR

10 MOST ACTIVE BONDS

Net Month Year Change Ago Ago 1007% 99% - f% 112% 11

Close Yng S&T 4x 61.102 Am T&T H'%s 43 112% Arm Co Del 4sh7 0814 Ye S&T 3'%s 51 143 Int T&T 4'%s 52. 71% Cons Oil 3's 51.1084 W Union 5x 38 , 10174 Arm Co Del 4x 55 08% Seaboard 6s 45 . 16'% Pa RR 3%s 52. 106%

Bond transactions approximated $2,340,000 compared with $2,770,000 last Saturday.

U. 8. GOVERNMENT BONDS Treasury Bonds

Close 105 13 106.1 105 5 116.7 08.5 100.29 |

Federal Land Bank Bonds Bid Asked 10074 101 100 13-16 100 i. 16 100 13-16 101 1-16 102% 102'2 100% 100% 1007 101% 102% 102%

July 1055-45 Jan. 1056-46, May 1056-46 3 May 1055-45. 4s July 1046-44. 4s Nov. 1057-37. 4s May 1058-38. 44s May 1057-37..101 101% 4%» Nov. 1958-38..103'% 104 Home Owners Loan Bonds 100.22 102.15 102.13 YN OMBETIC BONDS

Abitibi 58 53 Am &

2%s 3s

Can Pac deb 4s perp... Cen Pac 55 60 Bu R&D con oh 1 La vr Bi Bush Ter bs 55 vs 3

Cons Edis 3g 56... Contain Cor , 55 46. . Dayt P&L 3'%s 60. Det Edi 4s Tob Erie ref 55 75... Erie ref 55 67 Fairbanks ~ 45 56.. Flor E Coas 5s 74 Gen M Ac 314s Bl..0 Gen Stl Cas 328 49... Goodrich 6s nn Goody T & R 5 Gt North 4'.s E "hn Gt Nor 45 G 46.. Gt Nor 4s H hous Oil 5'2s 40 Hud Man ref bs 57. I1l Cen 4%s 66 " Int Gt N It 65 A 52. " Int T& TH Int T & T 4148 52 . Int T& T cv. 42s 3. . Lac Gas 58 39 . Lig & Myers 5a 51.... Long Isl ref 4s 49..... Lou Ark Ry bs 69 McKe & R 5'z8 50 ... Mo K & T 1st 45 90.... Mo Pacif cv 5'%s 49.... Mo Pacific 55 I 8 Mo Pacific 55 F Mont Pow 3%s 66 . Nat D P 3%s Si ww,

a Pere Marq 55 A 56 +». Phil Rd Coal 6s 49 .... Philippine R 4s 37 .... C 5s 53 ... He 1001

80 Pacific 4's 81 . So Pacific 4,5 68 oh 8o Pacific col 45 49 .. OF

TTnited ‘Drug 55 53 f Warner Bro 6s 39 ..... 923° West Union 5s 60 Young 8S & T 4s 61 Yng 8 & T 3's 51 FOREIGN BONDS

Argen’ 44s 1 Brazil 6's 26-57 . Canada 5s 52 ....

(By N. Y. Security Dealers Association)

Bid Asked Bid Aviied Adm Fds. 8.55 0.46

26. 0 23.97 Cap 42.97 G Inv hy 6.92 Group Securities 16

ee. — BRON HAW IWR >3 , — Zang A

CI 330 3 -

Ts 00 TBD oN

BIR WWII In co

1 1838 TF Pst 1 ¢ 3.08 27.37Tr 8 O A 8 22. 11 USELER) 2.62

23.22 .98 32.84 well Fd . 18.61

U. S. STATEMENT

WASHINGTON, July 17.—Government expenses and receipts Yor the current fisvear through July 15, compared with a vear ago:

=X 0:

This Year Last Yea .$ 422.987,223.44 § 212, 436, 781. 38

Expenses . 218,623.233.06 154, 803. 6317. »

Receipts

B Pub, Debt 5 33,521 1458, 174.73 Gold Res. 15 21, '440.168.79 10.629, 938. 710.03 Customs .. :833.202.00 15, bi 804.80 ays Oh a Purchase rchase Inactive Gold $4,863,555.24 $1, Tou 049. Ga M5

INDIANAPOLIS CLEARING Seat

Se i

PROFIT-TAKING HOLDS WHEAT FUTURES DOWN

Oriental Combat Reports Lead to Scattered Buying.

By United Press CHICAGO, July 17-Wheat fue tures showed an inclination to ape proach the eight-year highs scored yesterday at the Board of Trade today but profit-taking held prices down despite the stimulus of a nums= ber of factors. Houses with export connections were prominent buy=ers. At the close wheat was une changed to % cent lower, July $1.28; new corn was 2 to 1% cents lower, July $127%; old corn was off 4 cent, July $124%,6 and oats were 7% to 17s cents lower, July 42% cents, Early firmness was laid to the | strength in Liverpool, details of {| combat between the Chinese and | Japanest and a sharp reduction in | erop prospects throughout China and sections of Europe. These face tors led to scattered buying. Grain news will not be issued in Germany, a report from tha Reich stated. The September Chie cago contract ran into realizing around $1.29 and much of the open» ing advance was erased. Corn futures were under pressurs from the start. Showers were reported over most of the Southwest and Ohio Valley as well as in parts of the West. Receivers booked 3000 bushels of corn to arrive while shippers ree ported sales of 15,000 bushels. Re« ceipts were cstimated at 32 cars. Buenos Aires opened unchanged and Rotterdam closed firm.

CHICAGO GRAIN

RANGE

Wheat July Sent, Dec.

Corne *July

High Low Clowe $1.20% 27% 1.28

Soy Beans July Dect.

12.52 12.50 tOld; aAsked; b bBid,

CASH Wheat, new-—No. 2 red, $133; ON red, $1.201;; sample grade red, $1.1 3 hard hard, $1.24- San; No. 5 hard, 24 sam ie. rade,

Oct. . “New:

: sample grade, $1,15-1.17 4 No. 1 white, 16 Joe. No. 2 white, 43@46¢; ample grade, 407, (old) No 1 white 5194 @ 54 2 white. 49%, 7 50¢; 3 white, RU) S120, Rye—No sales, Barley Feed, 53@70c; malting, 71@91c. Soy Beans 3 yellow, $1.47@ 1.47'%. Timothy seed ‘and clover seed, unquoted. Cash pro= visions—Lard, $12.07 nominal; loose, $12.15 i leaf, $12, nominal; bellies, $16.30 5K.

LOCAL GRAIN

CASH a Zui weak Feestpts, Jada, No. $1.21'% No. 3x No, 1 Nord, W 21% @ 1.237 $1.20@ 122; No

32 care , $1.20%%

loads; No white, $1.18@ 1.19; 1.17; No. 2 yellow, [email protected]; low, [email protected]; No. Fo No. 2 mixed, S105@ 1.16; ' $1.13@ 1.15; No. 4 mixed, $1.11@ 1.13. Oats—Markel, weak; receipts, four care loads. No. 2 white, 47@48¢c; No. 3 white, 1 .

WAGON WHEAT

City grain elevators are paying tor Ne. 1 red, $1.16; I grades on their merits, Cash corn, new vellow, $1. 1% oat, 40c. Hay=-No. 1 timothy. $15@156

LIVERPOOL WHEAT

Close 81.50% 1.45% 1.45% 1.44%, 1.451 1.39 1.59%

rev, Low closs July " $1.40 1.47 October December March + 1.30% ARGENTINE GRAIN BUENOS AIRES, July 17 -- Grains opshsd unchanged today. Wheat-—August, unchanged; September, $1.35, Soro ed. Corn—August, 5673¢, une changed. Oats—8 La 29%ec, . unchanged, Flax—August, $1.3715, unchanged; Septeme ber, $1.38%, unchanged.

WINNIPEG WHEAT

High a | July +. 81.5% Ott. +... 1.41 5 | Dec. ' see 1 43'2

: HIGH: PRICED GRAIN MAY CUT POULTRY,

High grain prices are expected to cause a slump in Indiana poultry products this year. As farmers concentrate on greater profits from other produce, the poultry industry will suffer a resultant falling-off, according to Thad Macy of the Indiana Farm Bureau Co-operative Association. He cited the fact that young chickens per farm have fallen from 243 on July 1, 1936, to 204 on July 1 this year, while mature fowls have decreased from 85 to 82 in the same period.

FOOD PRICES

CHICAGO, July 17.—Sweet Potatoes Tennessee Nancy Halls, $1.35. Spinach-= Illinois, bu., @80c. Tomatoes—Califore nia, lugs, $1. 2515. Cauliflower--~Calte fornia; crates, $1.40@ 1.50, Peas—Washinge ton, hampers, $1.90@2. Celery—Michigan, flat crates, 35@60c. Onions (50-Ib. sacks) —Calfiornia yellows, 95c@s$1.

BUSINESS EDUCATION

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