Indianapolis Times, Indianapolis, Marion County, 24 July 1937 — Page 11

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SATURDAY, JULY 24,

1937

THE INDIANAPOLIS TIMES

PAGE 11

COMPLETE N. Y. EXCHANGE

STOCKS w

The Times

inancial and Market Page

COMPLETE LOCAL"

x LIVESTOCK

CHRYSLER LEADS

STOCKS

AN BONDS STEADY

& Steel Shares Firm;

Cotton Futures Decline.

By United Press . NEW YORK, July 24, — Stocks quietly moved into new

high ground on the recovery |

in the short session today, | aided by strength in Chrysler | which responded to a favor-

able earnings report. Chrysler reached 114%, up 2% points from the previous close. Other motors were relatively active with Chrysler. Graham Paige was the most active issue traded, selling at the previous close. General Motors gained 2 point. Utilities continued in demand, featured by activity in Electric Power & Light. Demand also was noted for American & Foreign Power, Columbia Gas, American Power & Light, United Corporation and Stone & Webster. American Telephone firmed slightly in the communications. , Steel common was up nearly a point near the close and others firmed fractionally. Bonds were dull with prices steady. Cotton sold off amounts

UPWARD

” o » MARKETS AT A GLANCE Stocks firm under lead of Chrysler. Bonds irregular; U. S. Government issues firm and quiet. Curb stocks higher and moderately active. Chicago stocks irregularly high-

| Cities Service

reaching to a dollar a bale.

DOW-JONES STOCK AVERAGES | 30 INDUSTRIALS . 184.85 183.38 139.72 168.43

0! 40,82 +089 tid +1.18

Today Yesterday Week ago ... Month age .. Year ago High, 193%, 1954.40; low, 165.51. High, 1936, 184.90; low, 143.11. 20 RAILROADS

DEER Sasa sesaea an SasEARRR ARN

ERLE EEE

55.03 54.80 53.28 51.06 53.31

Yesterday Week ago Month age Year ago High, 193%, 61.46: low, 50.1%. High, 1936, 59.89: low, 10.66. 20 UTILITIES

29.85 28.17 26.06 35.37 High, 193%, 37.54; low, 25. 1. High, 1936, 36.08; low, 28.63. 70 STOCKS Today Yesterday Week ago Month ago . “eo Year ago 61.05 High, 193%, 69.67; low, 33.5%. High, 1936, 66.38; low, 51.20.

Stock Market Gains in Week

By United Press NEW YORK, July 24.—The stock market advanced into new high ground on the recovery during the past week. Bonds also advanced, while major commodities declined under the lead of cotton and corn, and business trends were mixed. Stocks were aided by death of the Court Bill at least as it would apply to the Supreme Court and by prospect of early adjournment of Congress. There were numerous aids for individual shares in the way of higher earnings statements and high dividend payments. The feature report of the week came late Friday from Chrysler Corp. which reported for the second quarter net income equal to $380 a share, against $4.18 in the second quarter a year ago, the record for the period, and $2.51 a share in the first quarter of 1936. Gains outnumbered losses in business. Steel operations were practically unchanged for the week at 825 per cent of capacity, against 82.7 per cent in the preceding week. Steel scrap mounted at Fittsburgh and other centers.

Meanwhile automobile production decreased to 88,055 units for the] week, according to Ward's reports. That compared with 115380 in the previous week and 99,329 a year ago. The drop, caused entirely by a shutdown in Ford plants for vacations, was anticipated. This week's level— the lowest since strikes tied up the industry in February—is expected to hold for the next two weeks. Automobile issues gained substantially under lead of Chrysler. A feature late in the week on the market was demand for utility shares. Hope for early Congress adjournment helped the group. Another factor was the weekly report of the Edison Electric Institute on production of electricity. The total 2,208,005,000 kwhs, a gain of 13.2 per cent over 1936, was an all-time record high. Car loadings for the week ended last Saturday totaled 770,075, a rise of 87,870 over the preceding week. However, roads reporting thus far for June show declines in income. Increases are anticipated, however, and rail stocks joined the rise in the general market. Retail trade improved 2 to 6 per cent over the previous week and was 8 to 20 per cent over the 1936 week, while wholesale trade gained 12 to 22 per cent. Mercantile issues were less prominent than others, although they registered advances. The Department of Agriculture reported the 1937 wheat crop as the most valuable in 10 years and this focused attention on the farm implement shares which rose to new highs. They in turn aided the mail orders. Gasoline stocks continued to decline and the total represented only 43 days’ supply. The consumption of gasoline now at a record high was an aid to the oils, which turned active. Declines were noted in such lines as coal mining, and lumber production. Bank clearings made a slight dip from a year ago.

FOOD PRICES

CHICAGO, —Sweet Duiatpes.Alabama, bushel Rut $1 he1.50 . Carrots_lilinals. puhefies. Ho 2%2¢. inach hlip is, eqs Oo ashn, . wer — {maton tugs AE $i aa. Peas—Wash-

LE pers, [email protected]. ch- $ % Shion (50-1b.

63.83 62.04 58.37

Sess ARERR RR

wa, yel-4

er. Foreign exchange firm, Cotton futures weak. Grains futures easy at Chicago; corn unchanged to 13% cents a bushel lower. Silver in London 20 pence a fine ounce, up 's penny.

Chicago Stocks

By United Press

High Low

Adams pRoyalty sraaaaaan Allied Prod A .. .

BI ws BIPs TN pr

Butler Bros .“ Canal Con cv df ... Castle A M

NOD OL ID

— Cp pt > ft wT pt

4 » a0

Consol Bis Cord Corp Consumers Davton Rubber . Dayton Rub A .. | Dodge Mfg ... Lardner Den ... Gen Finance ... 1 Gen Hshld Ut Gossard

EIR LI Ir tf pI

Bort BIT pa pe or

Marshall Field Merch & Mig A Mid West Cotp we Mid West pf ww. Mid Un Ri . | Midl Ut 6 pr Men. avon Midl Ut 7 pr lien Noblitt-Sparks Deshoa, _Coal B Prim Co Pub Sve N 111 ¢ of “huh Pub Sve N on

w Sunstrd Mch T Swift coo Serric orp B Utah Radio EYd.. Ut & In cv pf.. Wahl Co Walgreen Co Zenith Radio

Curb Stocks

High.

NNR NNUNY

36%

Close. 65

Low. Ala Pow 6 pf Alum Ltd Alum Co Am . Am Box Brd .. Am Cyan B 335s Am Maracaibo . 17s an TE f 1082 Pp Ne Pp Atk N G a. Austin Ser “ In Bellanca Air. 634 Berkey Gay Fur 2's Carrier Corp 58! Cen St El cv pf Centrif Si & Cities Serv Cities Serv Cit Sv P W a Col O & G . Con Cop Mns . Cord Corp Creole Pet .... Cusi Mexic .... Dayton Rub | Bugle Richer L

65 115% 148 21%

CE] 4

CHE + Dive Cw

[144+

T&R Grd Nat Films. Humble Oil ....

Bik

+: } FH]

p 2 P S Ind 3 p pf 53%: FE ot Petr. . 1a St Re Un aaah 87 2%

Segal Lock ... Seiberlin R 634 Sherwin- " 35 Std Oil Ky .. a Sunray Oil . a1; Technicolor 28% Ulen & Co T'%pf 1

Un Lt & Pwr A 7% Wright Harg 6%

LOCAL ISSUES

The following quotations do not reprePactual ape SS Terinas, iy merely proximate m furnished by e brokers ames, levepias (By Ti, Bond & Share Corp.)

BONDS (TH) 416s 61....100 gr

102

9 Works 5s 58. . Co 4s we .. 9%

Belt Railroad St Yds cum Belt Railroad & St xCent Ind Power pf Hook Dru

ofd 6s . mdpis Pw 18 Lt Co ng 5%s.. eRe he Li n_ Na N Ind Pu . f Ng tom

Laun | . Serv Co of Ind 6s ....... Serv Co oh TY 8 savvnee 59

Leste

S Seen 8 Van Camp Milk Co pfd. . 491% Van Camp Milk Co com .. 10% By M. P. Crist & Co.) Market St. Investing Corp .. 35.20

U. S. STATEMENT

WASHINGTON, July 24. —Government expenses and receipts for the current fiscal vear through July 22, compared with a year ago: Last Ye

This Year. ar, ....$ 49761440188 $ 284,356,049.01 . 303,543,179.16 214,573.838.33 71,222.72 69,782,210.68 2,371,739,737.85 16,567,159 13,869,075.48 Pub. 36, ,261.46 Gold Res 12 $10,871, 340.55 Custo 27.896, Ne 8 A al Pur. In. Gld...$ 6, 189565 § 1.107 264 528.98

INDIANAPOLIS CLEARING HOUSE ngs...

FINAL NEW YORK STOCKS

By United Press

Net Close Change

Adams 195 4 25% 11% 3%

3 Ya “Bn 887% 2 otis 30

Roll So ‘JY, Safe, Razor. 23% n sah Sm: Wi : . 94% Stl Fdies »f 59 TS TY AT 244

Yana nae asshanale 15,000 SRssasnennn sen Levene 1,000

Tobheco ‘ah

Armr Ill pr pf Armstrong Ck Armstrng Ck rts Arnold Const .. 3

Auburn Auto .. Aviation Corp .

. 33 27% 26% 121% . 20% . 20% 51, 119% . 187% . 243%

“38 | 33" 3org-Warner .. 44% otany A “ 3dzept Russ ve riggs | TEN Bkiyn-M E .

endix Avn 3en Ind Loan 3eth Stee eth Stl y pf eth Stl § pf .

Burroughs .... Bush Term .... Butler Bros | Butler Bros pf . Cop .

utte AM

Bvers Byron Jackson .

Calahan Zinc . Calumet & H.. | Campbell Wy.. Canada Dry.... 26 Can Pacific

Caterpillar T.. Celanese ‘

eu T 19 C Pn Tool cv of ss. Chi Yel Cab Chrysler . RI City 1 & F.. 18% City Sores “ah Te Clark E Cleve Shook Br 463, Cluett Peab ... 20%, 572 187s 567s 372 177% « 15% . 90 . 611% .. 66% . 14%

“uh 14 ® Bi 8

1% 113% 8

ska CON 8 ad < 1

BY aks JeecH

Curtiss Wr A ..

Deere & Co ....

p—

LI0D rt pt LI BIBI sb

Douglas Al lL Du Pon “a Du Pont Geb 134 134 Dow Chem ....118'% 118% wei East R Mill... 333 12 East Kodak “ 180!2 . 35% 39

103%

Bat El Paso Nat Gas Eng Pub S 12 Erie 1st ‘pf Tre Eureka Vac ...

. 5T% . 21% 3 33 34 a . an Fred Dep St. 3 Firestone T . 3's Firestone pf A 10310 First N Strs .. 403% Flintkote Co 303% Florence Shove 481% Follanshbee ... 53% Food Mach . 5134 Poster Wheel . 443% Freept-Sulphur 2

Fair Morse ... fed Lt & T

ha. oa |

Houd-Her B

Sug Homestake

[1] Central . 25% ersoll Rand 13180 an

HOFFER LE HEE FEE * -~ . : .

i ot Sy ve

1% Ys

CAFE]

SastE

i de a

[++ee] | I+]

| +++:

IEEE EES

+++:

FFE +;

Peel 5

Lt:

CHL

Fi] 4

- o #

Taf tf

CFE [LIE HE FREE

Ceres Srrprecs werd

FEF]

[+++1+1 1):

[+++ +++] +

ti IEE NE FH . » vio: .

CEH

r¥ieEH#

FH +2 |

REE =

- =

Vig ral FERRE FER EFEE

U. 8. 2

15 MOST ACTIVE STOCKS

Low Close ys 2% 3% + His 6% + % 14 + 1% + 1's Amer For Pow . . + Graham Paige . rene North Amer ... 207 J 1% Amer P& L.... 5 Chrysler 2g Steel .... 1% Amer Wat W .. 1% Amer Rad .... R Nat P&L .... § 1 Rep Steel ..... Con Edison ....

3% 1%

Transactions approximated 510 000 shares compared with 250,000 shares last Saturday. Curb transactions approximated 130,000 shares compared with 75,000 shares last Saturday.

Net Low Change Int Shoe .... A 43% int Silver 2a 42 T&T ... A 12 in AY 27 265 Intertype 17%

Ny TM% .. 135 134 _ Kalamazo Stove 33'2 33 Kelsey-Hayes A 167s 167% {elsey-Hayes B 137a 137% h 0 wi 60% 60

41 23 21'2

Jewel Tea Johns-Man

+ +44 +]

iresge SS {roger G & B.

19'2 2 10 15% 42 15 12% 667s

28 100% 58%

1534 2

Pdf:

+ 15 «12% . 67% We, B. fy big y ins Be 5834 ig card’ . Loew's Loft, Inc Lone Star Cem. 56% Long J . 30% vos 02. A.. 21% 35%

si]

Mack Tr

Mag Man "El hg sul Maracaibo E: Marine Mid Martin Gl pSonite Corp.

McCro! igKesson & R. MV 1

ident Pet .... in

— lt pt CAD lh Yh pt pi Wn IBID re hu oJ VOD

— BD pt CD ph ph pt pt CV

- * -_ NN - DOW eri 00 cH ocf

\ \ N M \ M0 Rad: \ M M

w Dr BONITO ’ isa “ HOw

otor Prod

BUSINESS DEGLINES SLIGHTLY IN WEEK

Dun & Bradstreet Barometer Indicates 1-Point Drop.

By United Press NEW YORK, July 24.—Business activity for the week ended July 21, as measured by the Dun & Bradstreet, Inc., business barometer, declined 1 point to 999 per cent of the estimated normal. The index stood at 1000 last week, a new high since Jan. 13 of this year, and at 90.4 a year ago. The complete indexes follow: July July Year 21 14 ago production 1148 1168 98.7 814 809 727

Steel Carloadings Electric power output Bank clearings. . Food price 93.6 Barometer (dex. average) 100.0

CHICAGO TO PAY MILK PREMIUM

By United Press CHICAGO, July 24.—Illinois, Indiana and Wisconsin farmers supplying quality milk to the Chicago

112.0 63.2

105.0 59.3 89.3

90.4

area through the Pure Milk Asso-|

ciation will receive 25 cents more

for each 100 pounds beginning Aug. 1, PMA officials announced today.

The increase affects only the premium paid for “Grade A” milk. It is expected to boost the retail price of milk in Chicago from 12 to 13 cents.

The PMA presently pays farmers a 50-cent premium on each 100 pounds—461; quarts—in the Grade A class. Under an agreement reached between PMA and the Associated Milk Dealers this premium will be increased to 75 cents.

FREIGHT LOADINGS UP By United Press WASHINGTON, July 24.—The Association of American Railroads reported loading of revenue freight for the week ended July 17 totaled 770,075 cars, a nincrease of 87,870 cars or 129 per cent above the preSee week which contained a holiay. Loading for the week reported was 49,716 cars or 6.9 per cent above the corresponding week in 1936.

FOREIGN EXCHANGE

NEW YORK, gd 24. —Closing foreign exchange irregular Cable Net Rates Change England (pound) .. 4.97 1-16 4.00% Engiang ( )-day bill

lgium ( .e jermany (mark) ... ier. (travel mark). Eoriaer lang : BT olland (gu or) Spain (peseta) en (krona)

pound) .3.79% Austria (shilling) .. .1887 Czechoslova > (korun:

ty)... (eseudo)’ ia (lew) Argentina om Argentina (un

peso) “iu iy Brazil (offl milreis) . Brazil (unof milreis) . ile (peso)

Ur hig 50) Hong CK aie ar) . Shanghai (yuah) .. .2965 dis 1 rap Tupee) ee vine 503

MONEY MARKET

NEW YORK, 24.—Mo! rates remained unchanged today. np -

and days, Aaa ao: in

! Tu avs, Th G te

Net Close Shands 21%

High Low vane 21% 21%

te 8B By 13 ss 13%

otor A

ullins witayv

87% 1%

CHEE 4H

Nat Steel ..... Nat Supply atomas

Pr l4e441 1H)

20% Ya

3% 15%

I+ ++ +:

. 20% 68 16 vio 18V2 4

++:

Otis Steel

Pac Am Fish. . Pac Finance ’es Pac & El... Pacific Mills Cas

Panhandle . Paramount Pict Para Pic 2 pf . Park & Til... Park Utah . Parke Davis .. Patino Mines. .

J: Fie di4t

+++]:

tH} HE

bero Reyn OMet rts.

Safeway

Lead ... Scnenley Dist .. Seab’d Air L .. Sears Roebuck .

[41+

HHL

Sim “ Skelly. Oil 5 Smith- Cor- T cts Vv 2

++:

CF AEE

S Starrett L S . Stew-War Stone & Web. . Studebaker .... 2 uperhtr 43 Superior Oil .. Superior Stl Swift Swift Intl .... Syming-Gld . .. 3yming-Gld xw Sunshine Min .

CHEE

Texas Corp . Tex Gulf Prod. . Tex G Sul T&PC&O.. Tex Pac LL T.. Thermoid

Truax Tra .... Twin Cy R T..

Ulen & Co Und Sh Fish.

4 \ 91% Union B & P.

T6Ya 134

4 91

CHL A

[=] = 0) 32

= mnnnnhnmnhn 0% = VE FEE HHH

ggaaaaqacqacad

n Store A .... P&LA

++:

Vadsco Sales Vanadiu Van Raa "ae Va-Caro ch sui

Walgreen of ...

rH FFI

West Air Bke . esting E_...

HEHEHE HL

o 1 / . 46% 46 —y— ellow Tr . . 25% oung S & Ww. 40% Young Sheet .. 93% lpn . 3TVa 57

Woolworth 25 40% 92

36% 5%

INVESTING CO.’s

(By the New Yo Sey Dealers’ Assi.)

++ +1:

Zenith Rad Zonite

Bid. 20; 3) [KC F-5-2 26. 53

a Lp

3 5%

BBs 1: w VED oo

a 35% re Sona REG BE oR ws 2388s R2eLzs <5 a8 sage

ae) {44

aLRIE3 BD bt 1 1 D0 10

% 0 kB 1 ud bt kt DD 1 BY

| Mediu

LIVESTOCK BIDS REMAIN STEADY IN LOCAL TRADE

Hog Prices Hold Firm in Typical Saturday Trade. ©

Saturday hog trade saw receipts cleared from the pens at an early hour. Supplies numbered less than a thousand head, going principally to shippers at generally steady prices throughout the list. Top held to $13 for choice 200 to 210 pound weikhts. Packing sows bulked at $10.25 to $11.50, with the top $11.75. Compared with the close of last week: Good, choice and prime steers and yearlings are 25 to 50 cents higher. Common and medium grades were strong to 50 cents higher. Heifers closed strong to 25 cents higher, instances up 50 cents, and cows strong to mostly 25 cents higher. Bulls are steady to 25 cents higher, with vealers $1 up. Stockers and feeders held steady. Week's steer top stood at $16.25, with bulk fed kinds from $14 to $16. Mixed yearlings sold up to $15.50. Heifers reached a top of $14.25, with late top vealers $10.50, and sausage bulls up to $6.75. Compared with the close of last week, lambs are fully 75 cents higher, with sheep steady. Late

lamb top stood at $10.25 on choice

offerings, but relatively few of such grades here during the week. Closing bulk good to choice offerings was $9.75 to $10.25, with mediums from $8.75 to $9.25. Slaughter ewes ranged from $2 to $3.50.

Bulk Receipts [email protected] 80 [email protected]

Light Lights T140- 160) Good and WL dium

Lightw (160- {5 Good and Medium

choice. $11.13 12.90 12.50

choice... 12.50 11.

Medium Weights §=— (200-220) Good and (220-250) Good and Heavyweights (250-200) Good and 1290-350) Good and

1 1 choice.. 1 choice.. 1 1 1

choice...

2. 2. 2. 2. 2. 1. choice.. 11.

350-4 Go {425- 450) Good ‘eu (275-500) Medium A laughter 5 {100- 140) Good a and choice..

sz DOOM B32 apab Lz &3 42 99 698 93 09 638d

8-3 won

—Receipts, 50— (500-900)

(900-1100)

(1100-1300)

DIN D DIDI SIND

£515 D831 IDI 0D 13 DODD DORID DID BIT COOOL ULIOVUIO Pt ht fk fh fh kk fh fk WE Iie UID 03 15 v5 U5 12 ie (0 Sa33a33335E aan

(1350-1500)

-3 a3

(550-750)

mo Good and choice. .

(750-900) Common, medium.

rt dei

332 PID ND Dagaralay

Comm ‘mediu ual Low cutter and Cutter sesnanan Bulls, good . Cutter, com. . rears 'Vealers Good 28 choice $ Mediu Cull and common

SS TRSuos Samara 039 £83303 E922 692202802000

ono saweso

—~Receipts, 50— Ste.

(250- -500) So and choice $ 3. [email protected] ommon, medium 50@ 9.00 Feeder am Stocker Battle ee

rs (500-800) Sou and choice § 7. mon, medium 6. (800-1050) So and choice . 1. Common, medium 6. Heifers— Good and choice . Common and medium. .... SHEEP AND LAMBS —Receipts, 50—

ambs—

od woud 03 §353

Spring L Choice

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

By United Press

CHICAGO, July 24. — Hogs—Receipts, 3000, including 2500 directs: very few fresh hogs on sale; market, steady; nominal Cattle—Receipts, 100; calves, 100; market. steady; grain fed steers and yearlings, 50@"75¢ higher for week; grass heifers. 50c@$1 hiyher; cows. 25@50c up: bulls, steady; vealers, 50c higher: extreme top fed steers. $16.85, new high: best heifers, $15.35; strictly grain fed steers with weight, JI 50 up: grassers and short feds, $8.50@ 13.5 Be 3 uals. 6500; most spring lams, as oa higher; week's spring lamb top $11.2 i) bulk westerns, $0@1). 25; Batis, s$10@11 usher ewes, $3@5. AYNE, July Woo. 225 1bs., 225-250 1bs., 250-275 Ibs.

24. 5. oEt-— Market. $12.80; 180-200 Ibs. $12.60: 160-180 Ibs. $12.35: 275-300 ps Ihe.

> hs / 1 11.50: 120- 130 1bs., 5. w 31. ¥ hs, $10.25; stags, $9; calves, Sie:

FT. steady; $12.80: $12.70;

—Hog market 12. 90: 225-250

i 24. Ys1a° 80@ [email protected];

‘Roughs. $10.5 d Calves, [email protected] one Lambs, [email protected].

BANK STOCKS (By Blyth & Co., Inc)

Bankers Trust Central Hanover *Chase National “idiven 4 Chemical Bank & Trust....... Guaranty Trust 323 Irving Trust Manufacturers Trust *National City Continental Ill Natl Bk Chi +1383

National City Cleveland Fire Insurance Aetn

ome . .. case National Fire .. Nosh iy Phoe U s Fi Westchester Casualty Companies

Dg Casualty Mass Bond ing & Insurance “e's *Ex-Divid

WOOL TREND UP

By United Press BOSTON, July 24.—The undertone of the wool market shows a decided improvement, the U. S. Agriculture Department reported. Buyers’ interest was broadening and scattered sales of small to moderate volume were more frequen than last week and earlier th week. The IRON has not been reflected in prices,

but quotations show & firming tendency.

Building Gains

ENGINEERING CONTRACT AWARDS| (ENGINEERING NEWS RECORD)

ane SOV

“JUNE EACH YEAR

MILLION DOLLARS

1931 1932 1933 1934 1935 1936 1937

THE PARKER CORP, GENERAL DISTRIBUTORS INCORPORATED INVESTORS

BOSTON, July 24.—The biggest laggard in our industrial recovery has been the building and construction industry. Now, however, is it trying to make up for lost time. Eingineering contracts a recent week touched the highest level in six years.

New York Bonds

By United Press BOND PRICE INDEXES

20 20 20 60 Indus, Rails Utils. Bonds Today .... veo S18 93.5 JOLT 9533 Yesterday

DOO —— PH wW

roPmODW

(Copyright, 1937, Standard Statistics Co.)

10 MOST ACTIVE BONDS Net Month Year Change Ago Ago -— Vs 99%

Close Penn RR 3%s 70. 99% Alleghany 5s 50 . 62'2 Yngs S&T 32s 51 148'%2 Manh Ry 4s 90 43% N Y Cent 5s 2013 99 A Fr Pw 5s 2030 80'a NY Cent 3%s 52 108% Inter Iron 4s 47 100 Postal T&C 5s 53 21'2 West N 5s 60 .. 2

101%; 621% 115% 60 9553

Bond transactions approximated $2,750,000, against $3,488,000 a week ago.

U. S. GOVERNMENT BONDS Treasury Bonds High.

Lv. Close. Joga 1 06. 106.

3%s 1045-43 .... 45

23s 1959-56 } LAND BANK BONDS

vy 1955-45

Federal Farm Mortgage ig 103.30 103.3 35s 1964.44 04.2 104.2 Home Owners Loan Bonds 2%s 1949-39 101.6 101.6 DOMESTIC BONDS Abitibi 5s 53 (M)

ATTdeb 5's 43 . we Anaconda C 42s S60 o-. A 4s 55

s 60 Beth si Satis 60 1 CanNaRy 5s Oct 69 ....11 CanNaRy 4's 51 GanPacdeb 4s erp Cent Ill EB Sh .

oh fk fd fk fk fk fh fk fk fk

M Ac 3Vs 51 .... Gen M Ac 3s 46 Goodrich 6s 45 . Gt North 4's E + r 4s H 46

3 + 65% Lig & Myers 5s 51 ....123% Long Isl ref 4s 49 ....102'%2 Lou Ark Ry 5s 69 8934 Lou &: N 3%s 2003 .... 95'4 * 8 5s 51 .104%4 S M en 5s 38 g 23% 7 67

Y Cent ref 5s 2013 . Cent 4'es 2013 ....

5s 60 Wheel Stl es, 66 Young 2 & T 4s 61. Y S & T 3%s 51. FOREIGN "BONDS High veers JOIM wry 3% in 6% 97%

J ed ed dd et — Fd pd pd DO

Argen nt 412s 1... Brazil 61s 26-27 ...... 44 nada 4s 60 treveven JO 1

sesesenene

: ih Peru 6s 60 ven sons

LOCAL PRODUCE

(The et quoted are id for stock garb in the country, while for delivSa in Indianapolis the prices are 1 cent higher. Each ju

case of eggs must weigh 55 pounds gros Egg:

s—No. 1 Strictly fresh.

02. Heavy breed hens, 5 Ibs. and over, 16¢; horn hens, 11c¢: heavy breed broilers, stock, 2 . and over, 17c: Leghorn 2 . and over, 15¢; ck, 2 Ibs. and ng s ov! and Tat 9 to 14 1s,

loss off, 17c

EE wl ROT

WHEAT PRICES | IRREGULAR AS CORN WEAKENS

Oat Futures Drop 14 to 2 Cents in Chicago.

By United Press CHICAGO, July 24—Wheat fue tures were subject to only fractional changes in a quiet session at the board of trade today. At the close wheat was 4 cent higher to 13. cents lower, July $1.20%; new corn was 1% cent highe er to 27% cents lower, July $1.08%

old corn was % cent higher, July $1.03%, and oats were !2 to 2% cents lower, July 33 cents. Commission houses and locals were on both sides of the market while hedging sales were prominent. Failure of Liverpool to ree spond satisfactorily to the rally here yesterday combined with ree ports of rains in sections of the Canadian west to check buying power. Winnipeg eased after a mixed opening but a later rally reduced losses.

Softness pervaded the corn mare ket. Houses with cash connections bought July after the start and the rise in the current month brought out short covering in deferred futures. Continued liquidation and stop loss selling took their toll.

CHICAGO GRAIN

RANGE

Wheat hizh Low cl July $130% $1191; s1204 . 182 “1.18% Dec : 1.20%

1.081 1.0314 99% 14%

12 2 Oct 12.17 12.12 ew: ‘told; aAsk; bBid.

CASH Wheat (new)— 125%: Ne a. No. 3. 28146 re [email protected]'%; No. 4 red, $1. 1 : No. 5 red, $1. 04@ 1.16%: Sample Lg ask 10%; No, 1 Dard, ak 28; No. 2 har d, ard, [email protected]'% «eS 1

No. 3 1. 212 @

gm 5 mixed, he. 2 [email protected]%; No. 3 yellow, Noi. 98; Sows yellow, 98c@$1; fame, | 5, Oats (new)—No. ixed, 32'2@33% No. 2 mixed, 32@ Savac: No. I white, 35% 36'%¢; No. 2 White, 35@36% (old) No. 2 white, 36% Rye—No. 1, 91@ die: No. 2 902 @92c. Carley inod. 53@70c nominal: malting, 71@90c nominal. Soy Beans— None. Timothy sed and clover seed—Un= quoted, gash PRoYisions—~Lard, $12.00, nominal; loo $12.2i nominal; leaf, $12.75, nominal; ORY ellies. $16. 75, nominal,

LOCAL G! GRAIN

WAGON WHEAT

City grain elevators are payin 2 red, $1.07; other grades, on their I Cash corn, new No. $1.11. Oats, 27c. Hay—No. 1 ig) sis@i 5.50,

ree WHEAT

Prov: a Bh sie a3 si. pHi st, 5%

357% 1.3694 15 18h 1320 138%

LIVERPOOL WHEAT High Low $1. 40% 3L 30% 40 Va i 36 i 314

COMMODITY PRICES

(By Abbott, Proctor & Paine) COTTON New York

High. ii 23 11.14 11.14 11.23 11.27 11.25

Jul Oct. Dec. .. Mar, .....

October

JuL',.’38 ........ Spot 11.72, off 8. New Orleans

High. 11.19 11.23 11.17 11.25 11.15 11.28 11.15 11.28 11. 49

NEW YORK COTTONSEED on

High. Low. Close. diese: September 9.00 886 8.97 9.03 October 8.90 8.91 8.€9 December 8.86 890 8.98

Low. 10.95 10.92 11.17

October December January

Prev, close,

November .... 32%

October

BANK CLEARINGS DECLINE IN WEEK

By United Press : NEW YORK, July 24-—Bank clearings at leading cities for the week ended July 21 dropped below the corresponding 1936 week and also recorded a contra-seasonal de-~ cline from the preceding week as result of a decline in New York clearings, Dun & Bradstreet, Inc. reported. The aggregate for 22 leading cities was $5,711,211,000, compared with $5,731,232,000 for the 1936 week, a decrease of 0.3 per cent. The clear ings were $104,915,000 below the pre= ceding week when a 15.8 per cent ine crease of 1936 was recorded, the first year-to-year rise in three weeks.

INDIANA LAW SCHOOL

(Of Indianapolis)

Established 1894 DAY AND EVENING DIVISIONS trar

goss Side Lire o Bla s Court and the American } Juoreme fo

LOANS