Indianapolis Times, Indianapolis, Marion County, 22 July 1937 — Page 16

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+ Sindustrial shares.

= dead of Southern Pacific,

PAGES _

COMPLETE N. Y. EXCHANGE STOCKS

The Times Financial and Market Page =

COMPLETE LOCAL LIVESTOCK

CHRYSLER JUMPS THREE POINTS AS

STOCKS ADVANCE

Gains

Over Three Points.

By United Press

NEW YOR

stock market higher after early irregularity. Steel reached 118%, up Chrysler 113%, up 3%. Other

91. “

more than 2 points Points to a new high 181. Utiltites recovered and noon had fractional gains resumed their

group Motor equipments strengthened. Qils about own. Rubbers, leathers commodity issues moved higher. New York Central led the

, inghouse Electric rose 24 to 154. Others to gain 2 points or more in- | cluded American Hide & Leather | preferred, American Locomotive,

Briggs Manufacturing and Youngs-

town Sheet & Tube. FIRST HOUR

The market opened steady to firm | and then advanced under lead of |

of the active issues and at 113% ‘was 2% higher while General Motors gained almost a point. U. S. Steel gained a point to 117% and ~ Youngstown Sheet & Tube had 1% gain at 92%. International Harwvester made a new high for the year at 115%, up 2%, and J. 1. Case had 41; gain at 179%. Rails firmed under up % at 49°, while utilities were firm. Volume approximated 210,000 shares compared with 270.000 in the first hour vesterday. Dow-Jones Averages—Industrial, 182.92, up .57; railroad, 54.94, up .24: utility, 29.31, up .1I8,

SECOND HOUR

The market continued to advance Chrysler crossed 114 for more than | 3 points gain and U. S. Steel at 113 | was 17% higher. ment issues were strong,

Murray, Electric Auto Lite, point. Stone & Webster 25 for 1% gain, Edison reached 40 for 14 J vear at 181, but firm Volume approximated

jumped to advance. up 6. Rails were quiet, 270,000 second hour yesterday. Dow-Jones average—Industrial 183. 54, up 1.19; railroad 55.03, up 0.3

up 0.40. »

Today’s Business At a Glance

GENERAL BUSINESS American bureau of metal

”

lead in United States 40,156 tons vs. 42,605 preceding month and 38,818 year ago; domestic lead shipments during June 42,710 tons vs. 55.212 previous month and 37,736 year ago; stocks of lead in June 118,370 tons vs. 115,843 in May and . 230,481 year ago.

Dun & Bradstreet Inc. reports

% week ended July 21 bank clearings

- $5,711,211,000 vs. $5,731,232,000 year

£0. CORPORATION REPORTS

American Stores Co., June sales $9,204,846 vs. $9,263,157 vear ago, ofi “0.6 per cent; six months sales $57,- © 190,980 vs. $57, 014,545 year ago, up 0.3 per cent. Campbell Foundry Co.

& subsidiaries,

Wyant and

. $669,662 after Federal $534,814 vear ago. Chicago & North Western Rail-

“way Co. Wi

~ yious week and 19,880 year ago.

# . City Tce & Fuel Co, 6 months ended June 30 net profit, $897,630 after Federal taxes vs. $79€,946 year gross sales

ago, up 13 per cent, $13,956,044 vs. $12,689,774 year ago, up 10 per cent. Remington Rand Co,

ago or 15 cent a share.

Sears, Roebuck & Co. 4

17.4 per cent. Shawinigan Water & Power Co, 6 months ended June 30, net profit, 2-$2,202,961 vs. $1,647,631 year ago. Western, Electric Co., “months $97,355,000 vs. year ago, up 48 per cent. Nash-Kelvinator Corp.

year ago.

Doehler Die Casting Co., 6§ months sweended June 30, profit $675, 962 or

PRICE INDEX

NEW YORK, July 22.—Dun & Bradstreet’s weighted price index of 30 basic comodities, compiled for United Press (1930-1932 average equals 100): % Yesterday ......... 144.50 Year ago Week ago ........ 146.11{1937 high (April 5) 158.26 . 143.63/1937 low

Month ago . fat Nasir og Ad Commodities— _ Wheat, No. 2 red (bu) , No. 2 vellow (bu) "Ne. $ (bu) Ne. # white (bu) Flour, spr. wat (196<Ib. sk.) ... Lard, prime steam spt (Ib.} ... oa. Rie 7s spt (Ib) ; av 8 test (Mh, AAR LE arene nan wean x

$1.23

8.25 J206 09% 0342

@ »

K, July 28. i), | S. Steel and Chrysler led the | today

and | steels ] and motors also rose and various | major groups made gains ranging to | Case soared 6

around Coppers advance, Mercantile | shares strengthened with the farm | also | held their and other

rails higher with a one-point gain. West- |

Chrysler was one

while Consolidated | | 30,330 year ago. I. Case made a new high for the |

3; utility 29. 53, |

loadings 5162 vs. 4887 previous week | end 4798 year ago.

Cannon 6

months ended June 3 net profit taxes Vs.

week ended July 17, own " Jines loadings 21,291 vs. 13,583 pre-

quarter | ended June 30, net profit, $1.470,168 or 81 cents a share vs. $443,959 year

weeks ended July 16, sales $42.035960 vs. $39,841,752 year ago, up 5.5 per cent; 24 weeks ended July 16 sales, $255,382,085 vs. $217,531,666 year ago, up

sales 6 $65,551,000

seven months net $2,810,972 vs. $2,305,023

” »

MARKETS AT A GLANCE

Stocks higher under lead of U.S Steel and Chrysler. Bonds irregularly higher; U. S. Government issued mixed. Curb stocks irregularly lower, Chicago stocks irregular. Call money 1 per cent. Foreign exchange generally higher. Cotton futures steady. Grains lower at Chicago: corn off 15 to 2'% cents a bushel. Rubber futures easy. Silver unchanged in New York al 443; cents a fine ounce.

Chicago Stocks By United Press High Last Adams Rovalty 10 10 Asbestos Mfg Berghoff Brew Castle A M Cent 111 PS pf Comwlth Edison Cord Corp aN.

2 REY 39%

| Elec Househd

Gen Katz

Fina ne

Dru {La Salle Eitan:

Mid West Corp........s Mid West pf ww.....\ J | Quaker Oats pf........13 Sangamo El 3

Thompson ( JR}

Trane Co

Alum Ltd plum Co of Am . Cyan B .

& G do Con Cop MOS «evan Con Ret St von Eagle Picher L . Rauity Cp _..

Imp O Car Jones & ou ‘Stl Lion Oil McWms Dredge Mesabi Iron Molybdenum

Nat Sug Ref . Ni

iag H Pwr Pantepec

Technicolor Wright

Harg

| $2.41 a share vs. $490.957, or $2.07 | year ago; quarter ended June 30 net $325,005 or $1.16 a share Vs. $350,057 or $1.25 preceding quarter and $281,335 or $1.21 year ago. Illinois Central Railroad Co., week ended July 17. total lines loadings 31,133 vs. 27.435 previous week and

L. A. Young Spring & Wire Co. and subsidiaries, 6 months ended

| June 30, net profit $1,201,560 after Federal taxes vs. $1,166,352 year ago; shaves compared with 250.000 in the |

June quarter net $718,202 vs. $730,-

| 104 year ago.

Missouri-Kansas-Texas Railroad Co.. week ended July 17 own lines

New York Central Railroad Co. week ended July 17 own lines loadings 42,591 vs. 37,347 previous week and 40,065 year ago. Noblitt-Sparks Industries, Inc, 6 months ended June 30 net profit,

| $432,997 after Federal taxes vs. $342,sta- | tistics reports June production of |

194 year ago. Norfolk & Western Railway Co. week ended July 17 own lines loadings, 21,639 vs. 19,727 previous week and 21,337 year ago. Pennsylvania Railroad Co, week ended July 17, own lines loadings, 71.390 vs. 62,360 last week and 67,446 year ago; Jan. 1 to July 17 loaded cars, 3,314,964 vs. 2,816,070 year ago, up 17.7 per cent and 2,591477 in 1885, up 27.9 per cent, and 2,573,440 in 1934, up 29.8 per cent. Pittsburgh & Lake Erie Railroad Co., week ended July 17, own lines loadings, 7181 vs. 6218 previous week and 6940 year ago. Ulen & Co. and subsidiaries quarter ended June 30 net profit $6857 vs. $58.371 year ago; 12 months ended June 30 net loss $343,026 vs. $240,795 preceding 12 months.

DIVIDENDS

American Sugar Refining Co., regular quarterly 50 cents on common, payable Oct. 2 record Sept. 7. Campbell Wyant & Cannon Foundry Co., regular quarterly 25 cents, payable Aug. 28 record Aug. 7. Continental Oil Co. of Delawares, special 25 cents and regular quarterly 25 cents payable Sept. 30, record Sept. 8 vs. like amounts on June 30. Cuban American Sugar Co., $2.50 on preferred, payable Aug. 16 rec-

lord Aug. 5 vs. $250 on May 15,

June 15 and July 15. Goodall Worsted Co., year end, $4 on common, payable July 29 record July 23 vs. like amount year ago: total for fiscal year $8 a share. R. C. Williams & Co. 15 cents, payable Aug. 2 record July 27 ws. like amount on April 29. R. H. Macy & Co., regular quarterly 50 cents on common, payable Sept. 1 record Aug. 13. Shawinigan Water & Power Co., 20 cents on common, payable Aug. 16 record July 28 vs. like amount on May 15. Universal Insurance Co. regular quarterly 25 cents, payable Sept. 1

are the commodity prices used in compiling the

Today

record Aug. 14. (Copyright, 1937, by Unijed ress)

Net Hitch Low Last Change ry —- 187% 33% . 19% 21

187% 33g 13%

ar 106%

Adams Exp 187 Allegh Corp 33; Allied Stores Am Bank

Atlas Tack

alt & Ohio arnsdall

Beth 3 Steel .... 9 24

ore. Wn rner -

RIvn-M BRIVIAM TT runsBatke’ “ee dd Mfg ..... 10%

"2am

Qrhington Vii 17%

Callahan Bile uy Calumet & H .. 14172 11% Caterpillar I «98 Ches Ohi Chi RI & BY Chrysler .

| Colgate-P-P | Colum Gas

13 ComInTr cv pf 106 Cong-Nairn Cons Rison Oil Cont Cont " ar 2. “ Corn . iy Rad Cr Crk cup fxw Crown toler “ Curtiss-Wr .... Douglas Air vw Du Pont

Commonw & So 2% Cons Fh Cont Crown Cork Dist Seag Eaton Mig

| p Furekn Vac

Fair Morse

Foster Wheel ..

| Gen

Electric Gen Motors Gen Pub Sv Gen Rty & . Gen Refract ... ! Gillette 8S R... Gimbel Bros ...

oven LONDON -T Fi ~ oa #

BI w= - a

gut =

FESS

Gt West Sug... ! Grevyhnd Cn

Laon NY —-

Hecker Prod Houd-Her B Howe Sound .. Hudson Motor... Hupp Motor ...

458 SREEF

1 Ind Ravon . Int Harvester. . Int Nickel ‘ Int P&P pf .. 10 Int Silver .. mrTST Intst D 8

Central

Kennecott Kresge S S Kroger G & B

Lambert ; Leh V Coal pf Lehman “aus Lima Loco Loew's Lone Star Cem

82% 56%

Mack Tr Macy R H . Marine Mid ... 10% Marshall Fld |. 33% MeCrory vs 115% McKes & Rob . 141% Miami Cop oo 18% Midland Stl . 41

BANK STOCKS

(By Blyth & Co, me.)

. 4634 48%

Bankers Trust . Central Hanover ‘ xChase National . Chemical Bank & Trust Guartnty Trust Irving Trust A ers Trust v xNational City Continental Tl Natl Chicago. ‘ First National Boston .. . 51% National Shawmut Boston ... National City Oleveland

Fire Insurance

Aetna Fire y of New York

klin ov Great American vey Hanov . Hartford

ome vee Nationa oo Pire .

U. S. Westchester A Compe 27

Continental Casua ‘ Mass Bonding & nie “e's xEx-Dividend.

BROKERS’ OPINION

NEW YORK, July 22.—Brokerage

| opinion today:

E. A. PIERCE & CO.—It is quite possible that the market may enter a sidewise or slightly reactionary phase in the nature of a consolidation period. But we would not consider any such movement important enough to warrant liquidation of selected stocks held for the more important price swings. REDMOND & CO.—We believe that yesterday’s irregularity will prove to have been a temporary interruption and that there will be a good demand for representative |, stocks at prices only slightly lower than yesterday’s closings. Accordingly, we suggest trading purchases. SHIELDS & C©CO.—Profit-taking will cause easing in separate groups at times, but until there is a real threat to the business outlook, such temporary setbacks should be regarded as affording buying opportunities. FRAZIER, JELKE & CO.—We are bullish on the market and believe that the current minor recession affords a favorable opportunity to buy stocks. W. L. LYONS & CO.—There is no increased activity on the weak spots, and under the circumstances the conservative opinion still remains extremely optimistic. ATKINS HAMILL & GATES.— Feel that issues which have led the advance are due for a resting spell soon and that it would strengthen the market's position if the secondary issues were brought into line

with the advance.

AND COMMODITY QUOTATIONS

DAILY PRICE INDEX

C t daily ommodities—

Cotton mid-upland Silk. 13-15 deniers Rubber, spt. smk. Copper electrolytic Lead, spot (Ib) Zinc spot (Ib)

(June 21) 141.12

Year Ago $ 107%

Week Ago $1. 1.28% 96% SR 8.25 A218 N04

Silver, comm. Steel, scrap Chi.

Lambs, avg. most sales (Ib) ... § Hides, native hvy steers (Ib.) . Wool, fine unwashed comb. (Ib.)

rib.

Tin, straits spot (Ib.) Bars (oz) (ton) Pig iron, Tron Age com (tom).. Coke, Connelsville (ton) . Cement, dom, Portland (bbl.).. Yellow pine, 6-in. base (m ft.)..

Year Ago A028 J 35% A312 1.7 JA6 7-18 0934 0460 0450 43% A494 18.25 18.84 3.50 2.55 50.00 38.00

Today 1025 A595 4 Jan 1.98 A867 a4 060214 00621; 60 Ae 1.9 23.25 4.60 2.25 60.00

— 1025 6% 4 1260 1.991% 1915 at 080214 066214 593 443 16.00 23.25 4.60 2.95

My ..n..n Jap. (Ib)... an.)... (Mh.

DOW-JONES STOCK AVERAGES

80 INDUSTRIALS lf). OY +11 + 10Y +0.

Yesterday

, 194.90; Tow, 165.51. , 184.90; Yow, 143.11. 20 RAILROADS

High, 193%, 37.54; low, 25.45. High, 1936, 36.08: Yow, 28.63, 7 STOCKS . 63.29 . 6 . 58.93 . 60.75

Yesterday Week ago Month age Year ago X High, 193%, 69.6; High, 1936, 66.38%;

Yow, 5. 5%. Tow, 51.20,

Net, Last Change hC In Va Sy

Mission C oh, we

Mullins Mig B a Murphy G

Murray

1974 21 237%

34%s 20%

Nash-Kelv N Acme Biscuit b Cash Reg

. 89% 39 9% 4 88 1a 2m 2 vo 12% . 30%

wily. 207% 161%

NYC & Bt L pt No Amer No Am Avn No Pacific

Ohio Ofl ...... 20%,

£8 ps

Owens Il Glass

Packard Panhandle . Paramt Pict .. Para Pic 2 pt. Park Utah w

Sas FEES FHF #1 +:

FF Frees ray FEES

285832

dio Rayhestos Rem-Rand . ubiie 2% oi. 115% Royn Met} .

Reyn M Rts ‘wi hd 3

3a RARE

£1

* FEry

4 ¥

. .

PREF Frrpeeees

“ 18 vor 23H Si rands.... 12%

td G & E.. td G & E 7 ‘of 35% td Oil N.J.... tone & Web. . qv: Studebaker evs 1904 iyming-Gld .. 18% yming-Gld xw 14%

FIELIE i

& &

+4511:

FEF

4 '

Texay Co cov 84% Tex G Su . 38% 24 5 13% 14% 3%

Transamerica . Tr-Kest Air... 20th Cent-Fox..

Und Ell Pish... 80% Union Carb . 1101 Vs Un Oil Cal 55% Un Aircraft Cp. 30, United C 5, United Drug .. 12 United Fruit .. 77% Un Gas Imp .. 13%

NEW BOND ISSUES

By W. L. Lyons & Co.

au City 3'%s '64 & o> 4158 '39 1 F Avery Sons 5s a Calif Oro Prw 4s '6 Celotex 4s Yin Cent Maine Pwr 4s Cent Maine Pwr gg %66 Cinti G & E 3s CM O 2%s "42 Fla Power 4s Fla Power 5s '66 Houston Lt & Power 3%s "66. Indpls Water 3'%s '66 . Los Angeles Rev 5'%s "17 ..... Narra Elec 3ves 66 vera auaes

City 7 . “ NY State Fee Gas 4s '65 ... N Y Tel 3s Northern State e os "8T Okla G & 4s Okla Gas & E " 3%s "66. Pac Lighting 4%s '45 Safeway Stores 4s '49 Simmons 4

Wisc Pub Sve a 61 .

U. S. STATEMENT

WASHINGTON, July 22, Government expenses and receipts for the currefit fiscal year through July 20 Jompared vith ago:

a yvear i) L Penge

By t Yea 40 nr. fos 254.4 TT, 15% 05 572,17 ho 08,101,

3,497,825,827.98 10, sae ‘828. 080: & Today's purchase Total uichuse Inactive gold y's p $1,170,821,773.64

LOCAL PRODUCE

(The prices quoted are paid for stock gathered in the country, while for deliveries in ghdianapoiis the prices are 1 cent Pach full case of eggs must weigh ounds gross.) Ees—No. 1 Strictly fresh, loss off, 17c

5 Ibs, and over, 150; Leghorn hens, 10c: heavy breed broilers, 1937 stock. 2 Ibs. and over, 17¢c; Leghorn brotlers, 1937 stock, 2 Ibs. and over, 18¢; bareback broflers, 1937 stock, 2 Ibs. and over, 12c; old roosters 9c; ducks, fullfeathered and fat, bs. and over, 5c; geese, full-feathered i fat, 9 to 14 Ibs.

351, @36' 5c TY Butter ta—No. 1 1 2c:

Customs

wi breed hens,

Butter--Creamery 1. 0. 2, 33@33'%e, No. 2, 27e.

ELECTRICITY GAINS IN PRODUCTION

By United Press NEW YORK, July 22.—Electricity Production rose to a record high in the week ended July 17, the Edison Electric Institute revealed today in its weekly report. Production totaled 2,208.005,000 kwh and compared with the previous record high of 2,278, 303,000 kwh recorded in the week ended Dec. 5, 1936. It was an increase of 13.2 per cent over the corresponding 1936 week when 2.029,704,000 kwh were produced. In the week ended July 10 production totaled 2,096,266,000 kwh and was an increase of 7.2 per cent over the year ago figure of 1,956,230.

For Final Stock Quotations See Later Editions of The Indianapolis Times

ALL MAKES FOUNTAIN PENS Repaired—Prompt Service

LATEST NEW YORK STOCKS

Low Last onange no. OV N volt Ve 17% + 9 *.. 8% BH? 53%, "a « 12 11° 12 + W 59 i 58% =n vs 33 s 03 4 1 92 92 va 116% 116% } . 136% 136%

h He

qaacaaaac

a o @ Bunz 33 =z z

Walker (H) Valworth Warner Bros Vest Union ... Vest Air Bke .. 44 esting “en

, estvaco A

on 25% 25% . MNY% 01%

U.S. RANKS THIRD IN WORLD RECOVERY

Nation Is in Good Position To Advance Faster.

Yellow Tr . Young Sheet

Times Special NEW YORK, July 22.--The United States stands third among leading nations today in Business Recovery from the depression low year, and is in a good position to pass the rest of the world, states a special report just issued by Brookmire. Today America’s production index is 84 per cent higher than in depression, 1932, while it approximates the monthly average of 1929. Early devaluation, in part, caused Japan and England to forge ahead of our recovery by many months, The American dollar's devaluation did not take place until the spring of 1933, so that its effects did not appear here until some time later, giving this nation a late start in the race for recovery. Public Works, relief, and a resultant budgetary inflation have all been important motivating forces making or expansion in this country. These and other recovery forces have carried many industries close to capacity operation. Expenditures Not Reduced

However, Government payments are not yet being eliminated. In act, there is, so far, very little reduction in such expenditures, announces the report. A continuation of these expenditures combined with new production capacity needs, and a substantial housing requirement, are sufficient to push domestic business volume to much better levels. This country is, therefore, in a position to outstrip the rest of the world in the phases of this cycle that are still to come.

INVESTING CO.’s

By the New York Security Dealers Ask, | 20, 18K 28.50|K 1.34 K 087K "visi in H4Md Fd 38.53 Mass In 23. s2iM 2692'K CF84 4.90, Natl In 28.08 Nat Se © 18.50|Nat, ie § 2

Assn,

A ESR Ben Ld

~ g DA IPR WNW SB WWI W

[il : 3, NDB OD. AD Bart mJ aF WWD Tr Pps HDT > 2 0 w 4 -3"

8332333333 | DPROOARDAD

WO WDNIND ADI eo] —

- LION

Pd In L 4. 32 Fd Tr 6.36

38 gn C0 ©8 309 ¥. Group Securiti ese Agr . 2.04

o US tk it 30 et Tt TED st DRT Be IN TRI TEI 3: > > £30 3

4 RANBIR GEREN T ANY

14.85

‘Wn BAT SNOB 0 00 Be BE Wd OV 20D % !

GS Ja Fu

2. 8 2: 81

> Jen OPIIe OB Oe DD > DIB P33

dad dnd Ld

Tobac Iny Shs 1.61 vie . Inc Invs 25.43 well Pd 18. 85

LOCAL ISSUES

The following quotations do not repregent actual bids or offerings, Ri merely indicate the approximate market level as furnished by the brokers named, (By Indianapolis Bond & Share Corp.)

BONDS Bid Rsk He nd a oH oe 8 61, 0n H Tel 1 Pt 148 55

Kokomo Water Works 5s 58... Kuhner Packing Co 4'2s 49.... 97 Mors $5 & 10 Stores 5s 50 ....1 Rober Water Works 58 65... No Hesville HL &P 6s 1 102 el Saari 41 ‘ aw Bs 57 Ly i, oT Co 3s 49

T & 1, 5s 4 ' TH Water Works 5s 56. T H Water Works 6s 49 Trac Term Co 5s 57 STOCKS Belt Railroad St Yds cum ... ! Belt Railroad & St Yds pid... § xOent Ind Power nt fs Hook Dru

Mallory Co com (new). ... ss Laundry Co

amp Milk Co com By M. P. Crist & Co.)

xMarket St. Investing Corp... 35.01 xEx-Dividend,

BUILDING AWARDS DECLINE IN WEEK

NEW YORK, July 22.—Engineering construction awards this week were the lowest of the year, figures of the Engineering News Record showed today: The week's total was $30,695,000, compared with $50,437,000 in the previous week and $50, 992,000 in the corresponding 1936 week. This week's total was made up of $15,669,000 in private awards and $15,026,000 of public awards including $2,167,000 of Federal. In the previous week there were $23440,000 of private and $35,997,000 of public including $3,826,000 of Federal. In the 1936 week there were $17,160,000 of private and $33,823,000 of public including $16,805,000 of Federal.

Van

Active Markets

HOGS ADVANCE 10 TO 20 GENTS IN LOCAL TRADE

Light Receipts Advance Pork Prices as Lambs

Top on hogs pushed to $13, equals ing the recent nine-year high, ac cording to the Bureau of Agricul tural Economies, U. 8. Department of Agriculture. Prices were unevenly steady to 20 cents higher. Weights above 160 pounds made a 10 to 20 cent ‘advance. Sows ranged from strong to 25 cents higher. Receipts were estimated at 3000 head. Vealers held their $1 advance of mid-week even under strenuous

lower attacks by buyers. Good to choice offerings held a range of $10 to $10.50, but most of the crop were kinds selling downward from 810. Mediums bulked at $8.50 to $9. A liberal showing of good, choice

| and prime steers and yearlings for

the size of the run encountered broad shipping support and prices maintained a strong basis at the week's advance. New highs were made for the season, prime 1204-1b bullocks stop= ping at $16.25, while there were five loads strictly choice to prime steers sealing 1075 to 1450 pounds at $16. Bulk of the fed offerings moved at

$14 to $16, while grassers generally:

sold within a range of $9 to $12.50, There were mixed yearlings scaling 920 pounds at $1550, a new high for the season. Sharply curtailed lamb supplies, both locally and in other centers, extracted higher prices around the market circle. Locally, 25 cents was added to the price level, Good to choice ewe an dwether lambs moved at $0.75 to $10.25, with medium sorts advancing within a range of $8.75 to $9.25.

Bulk : $12.15@ 12.80 12 43@12. 65

July Receipt 15. 9000

“HOGS

bisht Lights

140-160) Good and

edium Lightwel hts (160-180) Good a and

i . (180-200) Good Md

Medium Weights (200-220) Good (220- 260) Good Heavyweights (280-200) Good 300- 350) Good

“hii

Sn ow

choice. ,

75613.00 2012.75

[email protected] 55@ 12.96

5612.70 3512.10

11.007 11.50

choice .

choice. . choice. .

kk pk fn ans Nad

2 Ee 2

choice... choice. .

9.75@ 11.00

10.5011.%8 10.006 11.50

) Goo (275 500) RI Slay Be Ny ie a RY and choice

CATTLE ~Receipts, 900 (500-000) Choice Good

C (900-1100)

C (1100-1300) Good

M (1350-1800)

(550-750) Choice Good Fy Common ' Good and choice. . Common, medium. Cows

812.757 14. oo 10.75@ 12, ad 0 (750-900; 0. 9. 8 8. 7

4 0 5

33 JIT33T Saez

6 0 9 8

um oul and common wives alv ~~Receipts, 500

god ui and hose $ 0 11.00 6.50@ 9.00

Steers (250-500)

um Feeder and, ‘Stoker Cattle

teers (500-800) Good and choice. .8 7.50@ 2% mmon, medium (800-1050) Good and choice . mmon, medium Heifers

ood » and choice - ommon and medium . SHEEP AND LAMBS

Receipts, 500 Spring Lambs

SIN. AN 4 1 =O

33 333:

8.2

23 AO: 23 899¢

= oD

> $ [email protected] ho 9.78 @ 8.50

3.00 3.50 2.00% 3.00

(90 178) Good and choice Common, medium

By Dies Press CAGO, Jul — HORS 006, HE Ac 500 directs Jrarkes, 10 to 15 cents hig he $12.9 ood choice 180-260 hs 0% $12, S011 8 8 -170 s., [email protected]; 0-34 TM 1. good pi acking sows, [email protected]. Cnitle—Deceipts 6000; a, 1200; market less active: fat 1414- ib. steers, top $16.85; several loads, j1sale, 50; short fed and grassy steers, $13 d to $8; steady to 25 cents lower; Relters. $15. bulk, $106 13.25: stockers, feeders steady, $8.50 down to $6.50; bulls, 86.75; vealers, $10.50 Sheep—Receipts. 5000, including 1500 difects; spring lambs active, to 25 cents igher; six doubles £6-1bs. Idaho springs. uf 75 straight; natives, $10.50@ 10.75; few choice $10.85; medium to good Montanh Soa lings, $8.25; sheep steady; ewes, $3@

Receipts, 10,

FOREIGN EXCHANGE |

July 22.--Opening foreign ot, {

NEW YORK exchange irregular Cable Rates Changs England (pound) . 4.98 5-16 1-16 Eng. (60-d, bill rate) 4.97 9-16 Canada (dollar) ... .99 27France (franc) .... Italy (lire) Belgium (belga) . Germany (mark) .. Switzerland i) Holland {guiiider) Spain fpesoia Sweden h

2900 4.0002

JAPAN SHIPS GOLD By United Press NEW YORK, July 22-—A total of $6,900,000 in gold was engaged today in Japan for shipment to New York, the Federal Reserve Bank reported. The only other engagement was $749,000 in India. Gold amounting to $816,300 was received from Holland. There were no exports and no change in gold earmarked for foreign account.

BUSINESS EDUCATION

Bookkeeping.

Local Bonds — Common Stocks — Preferreds

New York Bonds)

By United Press BOND PRICE INDEXES ” ”n ” Indus, Rails UHL sa nia mas mA 31 ma "me 02.5 1005 « N2 PAR 105.9 wR. TiR mR 550 1.2 1080 nox ma ma MR 1004 106.2 mo wi 103.5 maa LUN! 1048 "3.1 LER nn "0.3 ®3.0 Btandard Statistics Co.)

an Bonds a5 25.3 me nig LUE] 100.7% 03.4 100.2 »i3

Yesterday Week ago Month ago . Vear ago oS Two years ago. 1937 High 1937 Yow 1936 High 1938 Low 1985 High 1985 Low (Copyright, 1937 U. 8. GOVERNMENT BONDS Treasury Bonds

3am 1052-40 2%an 1053-49 as, 1054-51 2%s 1060-85 ....... 8 1 2%s 1050- "

DOMESTIC BONDS

High Am & For P Bx 2030 0 Anaconda C 4's 50 rm Co Del 45 55 & O 4% 60 Beth Bt] 4'4s 60 Can Pac deb 45 perp Cen Pac Bx 60 Ches & Oh 13'4s 96 C M St P gen 4s 80 Chi R I 4% 60 ’ Chi R 1 ref 4s 34 ct , Cih Un T 3%s 1 Clev U Term 47 4% gs "1

WHEAT FUTURES DROP SLIGHTLY: CORN FOLLOWS

Canadian Rain Re Reports and Crop Estimate Weakens Market.

| By United Presa

CHICAGO, July 22.-Late reports of rainfall htroughout the Canadian wheat country and an official estimate of the Alberta crop at 70,000,000 bushels, weakened the wheat, market on the Chicago Board of Trade today. Al, the end of the wheat was 1% to % corn was 4 to 1% and oats ware % to The forecast for Alberta placed the 1937 spring wheat vield

first. hour cent lower, cents lower, % cent lower,

atl

Lou & N 3%x Ma Pacif cv 5%s 49 Mo Pacific 6s I 8) Mo Pacific Bx Mont Pow 3%sx 66 Nat D P 3%s 51 ww NYC 81 1. 4% C TR NY NH & H 4'%s 67 .. 40 Pac Gas & Fl 4x 64 Pa P& Lh 4% 81 ... Pere Marq Bs A 58 ...

5 AB ..... 38 Bhell Un O 3%s 51 ... Bf Stan Oil N J 3x 61 ... US Rubber Ss dT ..... Yng 8 & T 3%s 51

Brazil 61, 26-57 Oanada 6s 52 Cuba Blos 45 Japan 5%s 656 ......... Norway 4s 63

GEOGRAPHIC STEEL CENTER CHANGES

NEW YORK, July 22-The geo~ graphic center of the steel ingot capacity of the United States moved eastward about 13 miles in a reversal of its historic trend between 1933 and 1936, according to calculations issued today by American Tron & Steel Institute, The calculations showed that at the close of last vear the center was in Richland County, Ohio, about one mile north of Mansfield. Three vears earlier the center was 13 miles farther west and one mile north. “Explanation of the eastward shift,” the Inslitute said, “is seen in net increases in capacity east of the present geographic center and in the abandonment since 1933 of some steel capacity west of the center of capacity, which more than offset, recent increases in the total capacity of that area.” Between 1874 and 1933 the geo- | graphic center of the industry moved westward at an average rate of about six miles per year. In 1874 the center was Juniata County, Pa.

{oI "PRODUCTION MAY Y_INCREASE

AUSTIN, July 22. 22. A daily production of 1,305,200 barrels of oil in Texas during August was recoms= mended by the U, 8. Bureau of Mines in a report to the Texas Railroad Commission at its hearing to= day to obtain evidence for deter mining that month's allowable production,

i's | in Winnipeg

the |

| 81.75;

| 3,000,000 bushels above the actual 1036 vield of 7.000.000 hushelx and

the bearish reaction was an immediate selling movement here and Wheat receipts were 422 cars. Corn, strong al the opening, weakened and declined for losses to more than a cent a bushel, Sells | ing was free and rather general, September futures were down almost, two cents on early long liquidation, Corn receipts were M2 cars, WAGON WHEAT 2 ved 110; her Gude oh the erin,

Cash corn, new No. $1 $30. Onl 20¢. Hay=<No. 1 iimothy, Sisals Rh

ARGENTINE GRAN BUENOS AIRES July 22. ig) futures pened steady, | 27, un= hanged: Bebiember. $1. ynchanger Corn August, B68, unchanged: Be her. ' LUE Cnehanged, Ri —=Apot, Boos. off Y4e, Plax ugus 67%, unchanged: Baptember, $1.57, Unchanged » ye

WINNIPEG WHEAT Via 81.4% 1.30

July October

LIVERPOOL, WHEAT re | gh Clos Clos July say sa $142 1419, Det. +e Ye 180% 139%, 1350's Dec an 130% 1304 138°, Mar 137% 138% 135% 194"

“ a a - CHICAGO PRODUCE Fags—Market steady Receipts, 15 407.7 canes Fresh graded firsts, 20c; extra firsts, 20'%¢; current receipts, 18%¢; "dirties, 16%¢: checks, 168V4c: storage-packed firsts, 20%0: wtorage-packed extras, 21'%e0, Bufter- Market steady Receipts, 16,053 tubs, Extra firsts (00-01'% score) 30%; extras (02 rcore), Bic; firsts, 20% @30c: seconds, 246r27'5¢; specials, 31% @32¢c: standards, 3c: centralized (80 score), 3014¢c; centralized (88 score), dle, Poultry—Market strong, Receipts, trucks, one ear. Ducks, 9@12¢; geese ™ hens (ineluding eghorS) } broil ers, 17@21¢; turkeys, 13@18¢: fryers (ins

| eluding batthne ks) 171% @ 23; spring chicks

ens, 18cr 43

8, 18@16%c; 16%, @ 3 3 18 al © upplies light: deman hi: strong California Whit WW U. 8. Commercials, 82: U. 8 Tdaho Bliss Triumphs, 81.05; Commercials, $1,801.68 Missouri : blers, $1.40G01.45; Virginia Cobbier % Maryland Cobblers, $1.45@ “tilinoin Cobhlers, $1.50; Oregon Bliss emp

A 44; on 185; shipments, FT, WAYNE, Ind, July i “Hogs n jo

25 conts higher: 200-225 Ibs, $12.76: 200 bx, 10; 225-250 Ry 4 ry

a 16 daisies, Potatoes market 82.50;

Arrivals, track,

29 100- 120 Ibs 80. Ocalves.

es $11.25; stags,

120-130 Ibs, Roughs. 330 25, Lambs, $0.7

. FOOD PRICES

By On ited Presa

CHICAGO, July 22-—-8weet Potatoes - Tenessee, Nancy Halls, 81.26a1.75, Carrots Illinois, Bunch, 2%G8%ec. Spinach, IMs nos, bu, 25c@$l, Tomatoes California,

This is an increase of 20,100 bare rels daily over the 1,375,100 recom-= mended for July. Producers’ nominations for allow- | able production in August totaled | 1,657,313 barrels daily, an increase | of 33,677 over July.

OWENS GLASS TO EXPAND TOLEDO, O., July 22.—William E. Levis, Owens-Illinois Glass Co, president, today announced details of a 20-million dollar URPRION program | for 1937. The program was necessitated, Levis said, by a 50 per cent increase! in compary earnings during the |

The program includes replace- | ment of buildings and equipment in | 4 Toledo, a new bottle cap plant at | Glassboro, N. Y.; a new bottle plant at San Francisco; doubling the size | of the Los Angeles bottle plant; replacement of the Streator, Ill, plant with one of the largest in the coun- | try, and enlargement of the plant | at Muncie, Ind. |

Gommudivies Up

| WORLD COMMODITY PRICES fu. 8. DEPT. OF COVVERCE) |

1923-1025 = 100

INDEX FIGURES

04 WE Ta31 1032 933 1034 1035 1036 1937

THE PARKER CORP GENERAL DISTRIBUTORS PB INCORPORATED INVESTORS

BOSTON, July 22.-—-Commod-ity prices the world over are going up; in fact, world commodity prices have advanced much faster than prices in this country. In May world prices were up 21 per cent from a year ago and 145 per cent from May, 1032.

| hampers,

year ending June 30, | 3

Tugs, eral. Cauliflower= Washington, crates, $175611.85. Peas — Washingtor $200 10, Oelery- Michigan, fui erat es, 40@B80c, Onfons— (50 . sacks), California Yellows, $1@1, 05; Towa Yellows,

| Tv @8H e.

MONEY MARKET

NEW YORK, July 21 None t - mained unchanged toda y Mey 1e nker’s Acceptances - 30 s, 7. 167% ; 80 and 90 days, PIN 187, } days, 0-16 %%; 180 and 180 days,

r-Prime names, 1%, and 00 days, 1%%; 120, o) V2: Rediscount rate

"eo

o Commereint | Time Money 150 and 180 days at New _York ,

' LAND BANK BON DS

3s July 1055-45 3s Jan 1056-48 38 May 1056-48 3Vas May 1055-45 45 July 1048-44 4x Nov 1957-37 4x May 1058- Bi 4146 May 10574'48 Nov 1958- 38

BANTAM AUTO WILL START PRODUCTION

By United Preas BUTLER, Pa. July 22--With tha company now fully financed, pro- | duction is scheduled for September for the American Bantam Car Co., RS Evans, president, announced 0 Mr. Evans said that the 90,000 | shares of stock which were offered originally in the new company, 85.« {000 shares have been sold, and the | remaining 5000 shares were withe | drawn from the market. The come pany has assets in excess of $1,500.« 000, of which one-third is in cash, First production of the company will consist of quarter-ton chassis, panel and pick-up trucks, coupes and roadsters. The company purchased the prop« erties of the former Austin Car Co, last summnter, and the plant was equipped originally in 1930,

Colonial

Savings and Loan

Association 28 South Nlinois St.

+ Thomson &

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