Indianapolis Times, Indianapolis, Marion County, 20 July 1937 — Page 17

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TUESDAY, JULY 20, 1987

THE INDIANAPOLIS TIMES

PAGE 17

COMPLETE N. Y. EXCHANGE

STOCKS ¥

« The Times Financial and Market Page -

COMPLETE LOCAL

w LIVESTOCK

CHRYSLER JU

MPS

THREE POINTS IN

STEADY MARKET

EO)

Railroads Advance as Motor Shares Firm

By United Press

NEW YORK, July

advanced 353 points to 11014, to feature a firm stock mar- | ket session during the morn- | ing dealings today. Trading opened briskly but later quieted. Prices dipped from their highs and then turned up again before noon when they were around the day's best. Several issues made new highs | for the year including Eastman | Kodak at 1813% up 1%; Hazel Atlas] Glass 110 up 2'2 and International Harvester 115%. General Motors rose more than a point and other motors were firm. | Steels were unchanged to a point | higher. Rails had small gains. Util- | ities continued their rise of yesterday under lead of Consolidated Gas | which rose 13% to 39%. Coppers | moved higher. Oils were steady. | Around noon Atchison was at 84] up 1; Howe sound 82% up 1%; In-| ternational Paper preferred 10215 13; Mack Trucks 45: up 23%;/ Peoples Gas 49': up 1; Sears Roe- | buck 95% up 1!'%, and Western) Union 52 up 1's:

FIRST HOUR

The market opened higher and in | quiet trading maintained its advance. Utilities were prominent, | Consolidated Edison gaining more | than a point to above 39. Chrysler continued its strength, gaining 27% to 1091: and General Motors was a point higher at 55!:. U. S. Steel] crossed 119 for a fractional advance | and Youngstown Sheet & Tube gained almost a point. Atchison | gained almost a point to lead the | rails. Volume approximated 370,000 shares compared with 230,000 in the first hour vesterday. Dow-Jones | averages—Industrial 182.96, vp 0.90; rail 54.30, up 0.47; utility 29.50, up 0.40.

{Ut & In cv [een Radio

SECOND HOUR

The market maintained most of | its gains. Consolidated Edison at 391, was 13% higher. Chrysler went | to 110 for 33% gain and General | Motors was more than a point higher. U. S. Steel dropped back to | 1183 for 1; loss. Buying developed | in rail shares as New York Central | went to 41; for gain, Chesa- | peake & Ohio to 55% for gain, Atlantic Coast Line to 51% for gain and Atchison to 843 for 1% gain. Volume approximated 230,000 | shares compared with 230,000 in the | second hour yesterday. Dow-Jones averages: Industrial 182.94, up 0.88; railroad 54.43, up 0.60; utility 29.3 33, | up 0.48,

's 3s 5% ]

Today's Business At a Glance

GENERAL BUSINESS

Advertising Age reports week end- | ed July 10 retail advertising placed | in newspapers of 78 major cities 15.292,420 lines vs. 18540904 preceding week and 16,456,392 year ago; year to date 551,708,207 lines vs. 522,311.005 vear ago. | American Iron & Steel Institute reports steel operations this week 82.5 per cent of capacity vs. 82.7 last week and 709 per cent year | ago. National Lumber Manufacturing | Association reports week ended July 10 production of 551 mills 240,723,000 | feet vs. 253,986,000 previous week by | 553 mills, off 5 per cent; shipments 202.184.000 feet vs. 262,361,000 last week: new orders 192,621,000 feet vs. 225,060,000. Oil & Gas Journal estimates domestic crude oil production week ended July 17, at 3.565,197 bbls, daily vs. 3,600,786 previous week,

CORPORATION NEWS

Allen Industries, Inc., six months ended June 30 net profit $331,492 after Federal taxes vs, $393,699 year ago: June quarter net $153,996 vs. $231,284 vear ago. Atchison, Topeka & Santa Fe | Railway Co. week ended July 17 own lines loadings 27.856 vs. 28,160 previcus week, up 23.2 per cent and 23.079 year ago, up 20.7 per cent. Baltimore & Ohio Railroad Co, week ended July 17 own lines loadings 32,421 vs. 27,504 previous week and 33,071 year ago. Chicago, Milwaukee, St. Paul & Pacific Railroad Co., week ended July 17 own lines loadings 20,986 vs. 16,798 previous week, off 22 per cent and 21,199 year ago, off 1 per cent. Electric Bond & Share Co. 12 months ended June 30 net income $10,017,399 vs. $3,090,865 previous 12 months; quarter ended June 30 net $2,524,168 vs. $2,126,303 year ago. Southern Pacific Co., June net operating income $2505.753 vs $812,289 year ago; six months net operating income $11,981,713 vs. $2,176,842 year ago. Standard Steel Springs Co. $1 | pavable Aug. 8 records July 31 vs. last payment $1.75 last December. Consolidated Laundries Corp., and subsidiaries, 2¢ weeks ended June 19 net profit $151.291 after Federal . taxes equal to 35 cents a share vs. $42.315 or 7 cents a common share year ago; 12 weeks ended June 19 net $102,242 equal to 24 cents vs. $49,049 or 11 cents preceding 12

Aluminum

POSTURE CHAIRS

Employee Comtort is good business!

W. C. BRASS

and Associates 134 S. Mer. RI-O727,

20.— | Chrysler Corp. capital stock |

| St. Regis P ..

| Rela Sw | d West co i

| net $235,006 vs. | quarter | months ended June 30 profit $445,- | 506 vs. $298,283 vear ago.

| aries,

” Ld u

MARKETS AT A GLANCE

Stocks higher under lead of Chrysler. Bonds generally higher; steel issues strong. Curb stocks advance in quiet trading. Chicago stocks irregularly higher. Call money 1 per eent. Foreign exchange higher. Cotton futures steady. Stains lower at Chicago; corn off 3c to 2's cents a bushel, Rubber futvres higher. Silver unchanged in London at 19 15-16 cents a fine ounce.

Crd Stocks

Aero Sup B . Alum Ltd ... Alum Co Am Am Box Brd . Am Cyan B ..

| | | | | | | | | |

| Am General . t Ah 'SUpPer ...+.-" Ark

Barium St] Brown Co pf Carrier Corp Centrit Pipe ... Cities Serv Col O&G Con Cop Mns Con Ret St....... verve Cooper B3s .. we Creole Pet Cusi Mexic .. Dayton Rub . Eagle Picher L . Equity Cp

up | El

&R Grd Nat Films Gulf Oil Mich Bumper Molybdenum Nat Rub M Niag H Pwr Pantepec oe PS Ind $6 pf’ . PS Ind $7 p pf. Root Petro .... Sherwin-W Technicolor . Un Lt&Pwr A

Chicago

By United Press

| Berghofl Brew

Castle A M Cent & S W Ut

| Chgo Corp cv pf .

Eddy Paper .. Gen Financ Heileman Brew

Me West pf ww Nowest Banep | Pines Wiront Stan Dred pf | Utah Radio Prod pf

weeks and $54,041 or 12 cents year

| ago.

Howe Sound Co., quarter ended

{ June 30 net profit $1,174,351 after | Federal taxes equal to $2.48 a share | preceding | quarter and $561,405 or $1.18 year

vs. $1,882,100 or $3.97 ago; six months ended June 30 net $3,056,471 equal to $6.54 vs. $1,090,- | 423 or $2.30 vear ago. Pierce Governor Co.

Quebec Power Co. ended June 30 net profit $483,887 vs. $479,250 year ago. Texas Pacific Coal & Oil Co. and subsidiaries, quarter ended June 30 $220,500 preceding and $59,781 vear ago; Six

Walter E. Heller & Co, months ended June 30 net income $236.549 after Federal taxes vs. $162, 347 year ago. Adams Xxpress Co. June assets equal to $21.07 a share vs. $15.73 year ago and $22.84 on Dec. 31, 1936. American Chicle Co. 6 months net

| $1,785,373 or $4.06 a share vs. $1,459,- | 835 or $3.32 year ago; June quarter | net $399,512 or $2.27 vs. | $1.79 preceding quarter and $792,516

$785,861 or

|or $1.80 year ago.

American Cities Power & Light

| Corp., net assets June 30 equal to | $2.44 a share on Class “B” vs. $6.71

on Dec. 31. Bayuk Cigars, Inc.,, June quarter net $239,068 or 52 cents a share vs.

| $152,806 or 30 cents a share preced-

ing quarter and $230,294 or 49 cents

{ year ago; 6 months net $391,934 or | 82 cents vs. $384396 or T8 cents

year ago. Beech-Nut Packing Co., 6 months ended June 30 balance for common stock $1,210,134 vs. $1,024,377 year ago. Birmingham Electric Co., 12 months ended June 30 net income $761,203, vs. $387,687 previous 12 months. Mullins Mfg. Corp. and subsidiquarter ended June 30 net profit $261,537,537 vs. $160.835 year ago; 6 months June 30 net $405,102 vs. $274,173 year ago; 12 months ended June 30 net $670,651 vs. $443,-

[431 year ago.

Caterpillar Tractor Co., 6 months ended June 30 net profit $6,302.875 or $3.27 a common share vs. $4,481 - 091 or $2.38 a share year ago; June net $1,671,377 vs. $7,522,245 preceding 2 months. Central State Electric Corp., June 30 net assets $26,819,253 vs. $40,220,-

| 264 on Dec. 31.

DIVIDENDS

Quebec Power Co. regular quarterly 25 cents payable Aug. 16, record July 26. Simpsons Ltd, $1.25 on 6'% per cent preferred arrears payable Aug. 2 record July 26 vs. like amount on May 1. Home Insurance Co. extra 15 cents and regular quarterly 25 cents both payable Aug. 2 record July 19 vs. like quarterly amount on May 1. Victor Chemical Works, 20 cents on new $5 par common stock, payable July 31, record July 21. (Copyright, 1937, by United Press)

2 | Briggs Mf

* | Campbell

| Deere & Co ...

3 | Dev &

— "Du "Pont

| Elec oBat | El

{ Foster

six months |

SiX |

By United Press a_i

i Low. Adams Exp .... 18} 1812 Alaska Jun Allegh Cor

Allis-Chal oi Alpha P Cem .. Amal Leath . Am Bank Note Cham & C

4 's Ss Is

P&L 5 pf A 5¢ Rad & S 8 Boll 1 Mill

Anaconda Armour Ill Armstrong Ck Atchison \ Armst Cork rats Atl Refining .. Atlas Tack . 121, oo

6 «53% . 33 2 Barnsdall 27 Bayuk Cig ..... 15% Bendix Avn .... 20% Best & Co ..... BE Beth Steel .. Black > Decker 2 Bohn Al Br . 423; Borger ! Borg-Warner .. Bdgept Brass .

12%

I FEAST ET

Bklyn-M Bklyn-M

Lor Budd Mf v

| Byers, AM ....

| Calumet & H .. 1 Wy Can Pacific Carriers & Celanese e's Celanese pf .. erro de PRS. ae hes

Cleve Gra Colgate-P-Col '& Aik ..... Colum Gas

ph Br 44 Se

' | Com Solvents .. | Somnw & So ..

Cons Edison | Cons Oil

5 Con Textile

Cont Can Cont Mot, .. Cont Oil Del .. Corn Prod pf 5 Crane Co Crane Co cv pf 1 Crown Corp 841" Crown Crk cupf 46'; Crown Zeller .. 18" > oa . 107% 6, lyn 1411: 141): 28% 28% 22

4875 157% 46% 111 8334 46", 18%

9 107% 6'2

Curtiss- Wr

Deere pf | Deisel W Del & 37 62% 233g 37 40 591% . 2634 “1810 161 fi 1801: 180'% 10%, 1034 21 V4 21'y 3: 77% wi . Bl 343% 327

| Dist

Douglas Air Dresser B

East Kodak

8 Lt Pw & L $7 pf

Elec Pwr

Fair Morse Fed Dep St Fid Phen Firestone T .. Flintkote Co Food Mach Wheel Fréept-Sulphur

57% 3434 393,

six months | | ended June 30 net profit $63,869 vs. | $48,894 vear ago.

IN VESTING Co. ’s

(By N. XY. Mgr Deaiers AlSperation) e

Bid Adm Fd 18 88 20.08| Inv St 1.59 Affil Pd. 10.24 11.27 Huron Cp 58 Am HC. 26.12 27.87 Inc Invs 25.39 Am Bus. 1.22 34K CF-8-2 25.91 Am G Eq 15.61 A Std O 25.62 Bk G Sh 20.46 Basic In 30.04 Brd S 1 2.70 Bull Fd 21. 75 + 28.69 Bost Fds 2, 23 16.28 Can Inv 3 12.67 Cent Tr 2; 00 7.51 Contl Sh 17.75 4.48 Crp T Sh 3.00 2.07 W AA ... 2.85 bf 19.07 20. cum 2.85 Stocks, Ine. AA m 3.59 . Bi SO s. 11.39 { 11,57 12.66 10.56 13.56 * 4.1 13. as

383 3.46 .26

*Ac.m 3.59 Cum Tr 6.43 Fiscal Funds, Inec.— Bk Stk 3.58 53 h Ins Stk 33 +21 R R D Bk NY 238 D Ins A 3548 Divatd x 11.87 C 5

“

WO%

7.50 Div Shrs 1.98 Com 1 °C 5.353

Fidelity 28. 3S Bo C 25. Fix Tr A 13. » 'B 11.00 Found... 4.90 Fnd Inv 24, 3

..|Sp Tr . ‘Sta Util. 5 State St 0 | Sup Co A ° "No 34. 46.73) “D .I.. Tor 63! Sup AA... Group Securities CHE... ic 2.03 2.20/Sup new. 1.49 Trst Ind 223 Tr 8S 1 ¢ 1.4. “D > 105T St O A 1.34. 1.91) USELe: ug 1.69 1.50] * vie } 2.36) Well Pa "18776

FOREIGN EXCHANGE

NEW YORK, uly 20.0 exchange higher pening ‘toreign Net

00%s

5. 25. 7: 6. 7.6

17.37 2 8

— HN 3005 0 gs re DAB 2 DJA Tr

R England (pound) England (60-day hill rate) Canada

Japan (yen)

For Final Stock Quotations See Later Editions of The Indianapolis Times

Bonds of the United States Government, Its Territories and Insular

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 MARKE) STREEY

“| % RAILROADS

a | Yesterday

o | Yesterday

Ys | High, 1936, 8

» Pw»

“15 | Inter

* | Noblesville HL & P 6'25 47... . 3

2 | Belt

\ os 01 * | inapis’ Pwr & Lt Co pid vs. .. 9 R Indpls Pwr & Lt Co ptd 6'as ..

w |X Ind Pub Serv Co pfd 6s...

2: 5 |

LATEST NEW YORK STOCKS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

Yesterday Week ago | Month ago | Year ago High, 1937. High, 1936,

194.40; low, 165.51, 184.90; low, 143.11,

40.55 0.46 40.11 +0.43

26.37 : . 33.22 37.54; Tow, 25.45. 36.08; low, 28.63,

7 STOCKS

Yesterday Week ago Month age Year ago High, 1937, High, 1936,

69.67; law, 57.5%. 66.38; low, 51.20,

Net H . Change Grant 'W T '... § Bh Nee Gt North pf.... 50 Gt Nor Ore.... Green H L . Greyhound Cp . Greyhd 5%: pf..

Hecker Prod .. 2 12 + | Herc Mot .. i 3, : “3 Homestake 2 2 oN Houd-Her A Houston Oil | Howe Sound .. Hudson Motor : Hupp Motor ... 3% 3% wil 25%

8 119 147

25%

| Inspiration Cop 2 207%

Iron

Int Harvester

| Jewel Tea Johns-Man

Kalamazoo Stv. : | Kennecott ee Keystone Sti ... Kresge SS ....

L-O-F Glass ... Lia we? ons

Lone ‘Star ‘Cem.

+. 44, . 2

LOCAL ISSUES quotations do not repre- |

The Sollowing. sent actual 5s or offerings, but merely indicate the approximate market level as furnished by brokers named.

(By Indianapolis Bond & Share Corp.) BONDS

Se Jud Tel (TH) 4':s 61 3 1 & Tel Ft W 5la2s 55..... H To & Tel Ft W 6s 43... | Ind Assoc Tel 4's 65 . Indiana Tel Co 5s 60 $ { Indpls Railway Ins 5s 67...... 3! Indpls Water Co 3'2s 68 . Interstate Tel & Tel 5'>s 53 .. 9 Kokomo Water Works 5s 58. . Kuhner Packing Co 4'>s 49... 97 Morris 5 & 10 Stores 5s 50 ....10 Muncie Water Works 5s 65...

| Mack Tr 43% | Marshall Fid %

| Ohio Tel Serv 6s 47 .... | Richmond W W 5s 57... | Seymour Water Co 5s 49 T H Trac & L 5s 44 T H Water Works 55 56 T H Water Works 6s 49...... Trac Term Co 5s 57 STOCKS Railroad St Yds cum ... 57 { Belt Railroad & Sh ads pid... § xCent Ind Power pf Hook Drug Inc “en | Ind & Mich Elec Go pd Ts... Ind Gas Co cum 3 Ind Gen Serv Co 6s J Ind Hydro Elec Co Ts .

Indpls Water Co pfd 5s . : | Lincoln Natl Life Ins Co com. . N Ind Pub Serv pt 7s

N Ind Pub Serv ptd 5':s | | P R Mallory Co com (new). Progress Laundry Co .e Pub Serv Co of Ina 6s ....... : Pub Serv Co of Ind Ts . Smith-Alsop pid . . Smith-Alsop com . Terre Haute Elec Oo 6s . Union Title Co com . Van Camp Milk Co pfd Van Camp Milk Co com .... By M. P. Crist & Co.)

xMarket St. Iiveshng Corp . 34.66 xEx-Divicen

36.86 |

LOCAL PRODUCE

(The prices quoted are paid for stock gathered in the country while for deliveries in Indianapolis the prices are 1 cent higher Each fuli case of eggs must weigh 55 pounds gross.) ee 1 strictly fresh, 17c

Heavy breed hens, 5 lbs. and over, 15¢; Leghorn hens, 10c: heavy breed broflers, 1937 stock, 2 lbs. and over, 17¢c; Leghorn broilers, 1937 stock, 2 lbs. and over, 15c¢; bareback broilers, 1937 Stock, 2 Ibs. over, 12¢; old goosiers Se SUR: feathered and fat, 5 Ibs, over, geese, full-feathered and fat, 5" to 14 Ibs, 4

5. Butter — Creamery No. 1, 35% @36'scy | wishrdlu bdbmh bmh shrdlu_bmh_ ves scy cv No. ; J3@3%':¢, Butterfat-—No, 29¢, vo. 3, 2c.

loss off,

Mident Pet

| Texas Corp

| Wabash | Walker

High Dow

Net Last Change 36% }

36a 18 14% 75 651% 30% 110 14'% 28

3% 627

Mathieson McCrory .. 18 McKess & Robb 14% Melville Sh .... 75 Mesta Mach

| “H | 4 Ya | - Ll

Minn Hny ..... Minn-Moline . Mission Corp we K Tex yin

Munsingwr _ .... Murphy G C ... urray “e' Myers & Br ...

Nash-Kelv RisCuit

Cash Reg . | Dai Ne “> Dept

Ditters Gypsum ... 1 Le

a ve Pwr & Lt . Supply Natomas vay N Y Central .. Norf & $ No a No Pacific

Ohio Oil .... 20 ie Moy, Farm = Sa

. 19% 261;

Owens Ill Glass 94

Pac G & El .. 31a

Pfeiffer-Brew .. Phelps Dodge . © + 3 Phillips Pet . Jive Pitts Sc & B .. If . 15 wo if Pitts United ‘ + Ya Press Stl Car Sy Proctor & G H

'"S

3a 1

Purity Bak V8

Radio Radio = Radio-K-Or Raybestos ‘e's Reliable-Strs .. Rem-Rand .... Reo Mot oo Republic Stl ... Revn Tob B .. Roan-Antel Ruberoid

[ 13.

Superior Oil ... Swift & Co va Syming-Gould unshine Mines

AAA TA

19%, 193

. 13%

Texas Quit Prod Tex G Su 37

Texas & Pac - T & PC &

Tenn Corp 13%

Transamerica Trans & Wms . Tri-Cont © wn 20th Cent-Fox . 3 a

Und Ell Pish .. 903% Union Carb .. 1027 Un Oil Cal 26's Un Aircraft Op 31 Un Biscuit United Corp ... Un Gas Imp ... U S For Sec....

- a A xam

FEN IENS

a &

Vanadium ..... Walgreen pf ww

(H) Walworth Warner Bros Wavne Pum Wes Oil & West Union ... © West Air Bke .. 44° | Woolworth

|as light receipts prevailed on the

(reau of 9gricultural Economics, U.

| cattle in more than a year, being

Packin | 127 %s

HEAVIER HOGS GAIN 5 CENTS IN LOCAL TRADE

Light Receipts Advance Cattle and Lamb Prices.

Hog prices crept a little higher local market, according to the Bu-

S. Department of Agriculture. Weights above 160 pounds advanced 5 cents, top reaching $12.80 on choice 200 to 210 pound weights. Light lights and pigs were steady. Sows were generally steady while heavies were unevenly higher. Hog reecipts were 3000 head.

Vealer prices held unchanged and supplies promised to run in excess of early estimates. In a steady trade, good to choice vealers cashed at $9 to $9.50, medium mostly $7.50 to $8 and culls downward to $5.50.

The lightest Tuesday supply of

estimated at only 900 head, caused a reversal of bearish buying sentiment today and prices generally showed improvement.

All kiling classes ranged strong to 25 cents higher, steers and yearlings generally reflecting the maximum advance. There was a short load of choice yearling steers at $15.10, with other sales of fed offerings at $12 to $15. Light lamb supplies finally injected a little strength into the market and 25 cents higher spots were uncovered, although for the most part it was only a steady to strong trade, Good to choice lambs ranged largely from $3 to $9.50, a few choice odd head making $9.75. Comon to medium sorts bulked from $7 to $850. Slaughter ewes were steady at $3.50 down.

July Bui Receipls $12. Dr ia, 55 3500 [email protected] 12,15@ 12.50 12.45@ 12.65 [email protected] [email protected] 12,55@ 12.80

HOGS Light Lights —- (140-160) Sood a

Light wel He - 160-180) Good gre Mediu " (180-200) Good Tha Medium

Medium Weights— (200-220) Good and (220-250) Good and Rn

ay to-3

DUN OD

choice . . choice. .

2 wi»

choice. . choice. .

and 1290-350) Good and Sows— -350) Good 1350-425) Good (425-450) Good 275-500) pMedium

Slav hter “do (100-140) ood and Medium

C ATTLE

Steers Receipts, (500-900) Shoice >

(900-1100)

Qa Pw - a3 LOY 9S OOD

. 10.50@

1 1 1 01 1 10.006 1

1 0. 0. 0. 1.7 1.5

900

C (1100-1300) G

M | (1350-1500)

$12.7561.14.00 | 10.5001.12.75 5.756110.50 10.50% 14.00 6.00410.50

6.50 6.50 5.000 3.50 6.75% 5.25

$ 8.50@

(550-750) 3

Good and choice . Common, medium Cows

(750-900)

Choice Good Medium - Low cutter and cutter Bulls, good Cutter, com,

abuse NO DOW,

Good and choice . Medium Cull and common ...

AWD FANIBD

DHA = 1

~ Receipts, 600—

Ste 1950- 500) Good and choice ommon, medium 6.00@ 8.00 Feeder and Stocker Cattle

Steers (500-800) good and choice $ 7.507% 2 » mon, medium 6.25% 4 (800-1050) PAH and choice 1. 300110. 00 Common, medium 6.25@ 7.50

Worthington : Wrigley

Yellow Tr van Young S&W ... Young Sheet

BROKERS’ OPINION

NEW YORK, July 20.—Brokerage Opinion Today: HORNBLOWER & WEEKS—A more attractive trading market appears in prospect during the next 10 days. REDMOND & C0O.—We would not be inclined to follow strength at this time except in specialties that may have particular reason to move

02%

U. S. STATEMENT

WASHINGTON, July 20.—-Government | expenses and receipts for the current fis- | I year through July 17, & year ago.

This Year $457,514,'56.90

Year 021d) 552. 561.29 243,134, 320. i 1786, an 371.40 214,380,486 36,450,189.89 | 2,507,293.062. “ 2,411.865,451.12 3 807,886,510.95 1,954,004,103.03 Pub. Debt 36,599.576,739.95 33.514.521,268.48 |

| Dexpenses Receipts Deficit

a 537, Eo 24 | Inac, Ol hn 1,201, oh) Fiber

MONEY MARKET

NEW YORK, July 20.--Money rates reNae unchanged today. Ba Voi days, 120

nker's dcentances - 30 1-16%; 90 L@T-167% ay 150 and 180 days. HH r—Prime names, 1%.

Ly 00 davs, 1%4%: 120, 1% %. Rediscount. rate

0,788 1394, 35 s Pur.

Toda 5,702, in. 38

Customs

days, 60 9-16@ Yate:

Commercial Pa Time Money —6 150 and 180 days, at New York. 1%%%

INDIANAPOLIS CLEARING HOUSE Clearings .. . 2 ily 000 Debits .. 8,800,000

INDIANA LIVESTOC K

FT. WAYNE, July 20.-—Hogs—Market,, cents lower to 50 cents higher, 200- ry $12. 60. 313.38: 55:

$ , roughs, stags, $8.75. Calves, $9, Lambs, $9.50 LAFAYETTE, July to 10 cents higher, Ibs., $11.75612.05; 12.70; 225-250 Ibs. J1.50, 170-200 1bs., bs. , Ji goaia do; 130 10:13 $10.25 I

bs.,

Sives’ $8. 30010. Lambs, $060. 50.

compared with |

| Gold Res. 12, A: ,193,690.78 10,630,253,205.97 |

| future apparently depends now on

ahead against an irregular general market background.

SHIELDS & CO.—Politics and | other Washington news will domi - ate sentiment for the time being, but | even unexpected disturbances there- | trom should not change the character of the market materially un{1ss the promise of a fall business | movement is wiped out. J. S. BACHE CO.—We remain of the opinion that, subject to inter. mittent, temporary, technical corrections, the market's intermediate trend continues to point in an upward direction. As time progresses, a steady broadening of the movement is to be expected. ATKINS, HAMILL & GATES— The market does in the immediate

the course of events in Washington. W. L. LYONS & CO.—In a general way, opinion still is optimistic, but it is hard to have any particularly definite views with interest so exceedingly light.

ALL MAKES FOUNTAIN PENS Repaired—Prompt Service Guaranteed Workmanship

THE PEN HOSPITAL 141 E. Washington St. RI-0027

aud

WHEN YOU PLAN YOUR HOME

Let our Home Building Service department guide the way as to what to do and how to do it!

Avail yourself of this consul. tation service. Inspect our portfolio of home designs. No charge made for this service.

Call or Write for Purther Information

Heifers— | Good and choice 7.00% 8.50

Common and medium 6.0@ 7.00

2 | SHEEP AND LAMBS wg | —Receipts,

600— Spring Jamis — Choice

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

By Dw itea Press

CHICAGO. July 20.—Hogs— Receipts, 000, IoluaTag 2000 diracts. erally 10 tn 15 cents lower: bulk choice 180-225 lbs, [email protected]; top. | | $12, if 150-170 Ibs. '[email protected]: 240-325 | bs., butchers, $11.25 12.40; 200-500 ib. packing sows, $10.15%10.90. | +600: calves, receipts. |

Cattle- pReceipts. 2000. Market unchanged. Few strictly grain-fed steers, yearlings, 25 cents higher; others slow, steady. bulls steady to 10 cents lower; vealers steady to strong: best bed steers, $16: long vearlings, $15.85: few loads well-finished cattle here, selling $14.75 and up; grassy. [email protected]; stockers feeders, 25 cents hi her; Texas calves and yearlings, $8.50@ 9.50; natives, $8 down to | $7. vealers, $10. | 8heep—Receipts, 5000, including 1300 directs. Springérs active, steady to gyrons: butk good to Shotee Tdaho, 10a 1 10.25; natives, s10@1 good fed Californias ' (wooled) 2 0 ra: sheep, ewes, $3@'4.5

3.00% 3. 2.00w

steady,

Low Chote {

December March

$ 8.0047 10.00 |

12.- | Uneven, gen- | Rod. |

New York Bonds

By United Press BOND PRICE INDEXES 20 20 20 Indus. Rails Util 93.4 AIR 93.8 101.0 "3.0 100.8 04.7 106.0 KER) 99.8 101.2 106.0 90.1 99.3 1004 106.2 84.7 10385 86.4 103.6 23.1 83. 710 89.3 83.0 19317, Standard Statistics Co.)

60 Bonds 55.3 95.4 95.0 97.3 88.8 100.5 93.4 100.2 93.3

Yesterday Week ago Month ago .... Year ago Two years ago 88.1% 1937 High ..... 95.0 1987 Low 1936 High 1936 Low 1935 High ..... 1935 Low (Copyright,

U. 8. GOVERNMENT BONDS Treasury Bonds Last 34s 1945-43 5 2%s 1947-45 2%s 1951-48 ... 212s 1953-49 ... 2%s 1954-51 . 3s 1955-51 .... 273s 1960-55 2%s 1959-56 100 0. Federal Land Bank Bonds Ask Yield | 10 283 2.85 | 2.86 | 2.89 2.50 |

| 44 1.08

3s July 3s Jan. 3s May 3s May 4s July 4s ov. 1 4s May 414s May 1 4s Nov.

Home Owners Loan Bonds

1955-45 ..

High Low Last | 100.30 100.30 100.30 | DOMESTIC BONDS : Am & PO 5s 2030 804 80'%4 Arm Co Del 4s 55 081s 981% 9815 | At T SOF gon 4s 95 111% ‘1114 111%, B & O ret 5s D 2000... 07s 80 | Beth Stl 44s 60 S103% 103% 108% .. 94 937 94 . 102% 1024

2%s 1949-39

Can Pac deb 4s perp Cent 1 El 5s 51 va 103% Ches & Oh 3'2s 96 .... 98 Chi Bast Ill 55 51 . is a : Mv ChMStP&P5sT5 ..26 26 26 | Ch MSLP& PJs 2000 8's { Chi N W 4%5s 49 Chi R I ref 4s 34 ct .. Chi W Ind 4'%s 62 ... Cons Oil 3'2s 51 33 3% | Cons Beis Ss 48 L106 1 Erie ref § Oo Fairbanks M 4s 56 ..

2 | 1

| Cash corn,

5 45 vy U S Rubber 5s 47 .... Warner Bro 6s 39 ...... 05 0r 95 Young S & T 4s 61 ....102% 2 YngS & T 3Vas 51 ..... 147% FOREIGN BONDS Brazil 64s 26-57 43" Canada 4s 60 { Cuba BK 43 ieiiuniin 661 66 661: | Italy 7s 51 {

Japan 6's 54 ..... Peru 6s 60 ..

BANK EL | {

(By Blyth & Co,

Frankers Trust Central Hanover “Chase National . Chemical Bank & Trust Guaranty Trust .... Irving Trust Manufacturers Trust *National City Continental Tll Natl, Chicago First National, Boston National Shawmut, National City,

Inc.)

Boston ... Cleveland

Fire Insurance Aetna Pire City of New York Federal . Franklin Great American Hanover oy Hartford Home - National Pire North River Phoenix

Casualty Contyantes Continental Casualty . Mass Bonding & Insurance .. “Ex divided

WHEAT FUTURES DROP 1 GENT AS CORN FOLLOWS

Liquidation of Accounts Carries Market Lower.

By United Press CHICAGO, July 20. —Liquidation of long accounts carried the price of wheat off 2 cents a bushel on the Chicago Board of Trade today before a rally erased part of the losses, At the end of the first hour wheat was 1% to 17% cents lower. Corn was % to 2's: cents lower, and oats were % to 1'% cents lower. Failure of the public to respond to overnight bullish developments brought out long liquidation which rapidly weakened the market, | Hedging sales were a further load for the market as professional trads ers made liberal offerings to do their bit in weakening the tone, Chicago was relatively weaker throughout the morning than other North American grain markets, | Wheat receipts were 323 cars. Old corn contracts weakened, July futures dipping more than 2 cents. Stop-loss selling orders were uncovered on the break and all | futures sagged heavily, Corn re= | ceipts were 28 cars,

WAGON WHEAT other grades on their new No, 2 vellow, $1.13 No 1 timothy, $15%1.15.50,

1 red, $1.14;

merits,

Oats

29¢. Hay

WINNIPEG WHEAT Open ong $1.43)

Octinher COC December

ARG ENTINE GRAIN BUENOS AIRES July tures opened irregularly pf August, $1.271 +. MD 1c. Corn 2, September, 56%c, 30c. unchanged. , unchanged; unchanged.

Grain fue higher Tac, Septeme August, 563%e, un "ae Oats Flax August, September, 81.361,

Additional Market News, Page 18

rr ————————

ON SAVINGS

the appoi

Manager for

Room 715 "129 Eas

dneance

The Offi THE LIFE INSURANCE COMPANY OF VIRGINIA

take pleasure in announcing

WALTER R.

and Vicinity with off

INDIANAPOLIS

THE L

RICHMOND VIRGINIA OF crv Snrn 1871

VIRGINIA

BRADFORD H. WALKER, President

icials of

ntment of

McCLURE

Indianapolis

ices at

t Market Building”

E 7 omypan

WILL

homes.

eID

MEMBER OF FEDERAL HOME

Obtain Your HOME LOAN Where VARIABLE INTEREST Rates

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