Indianapolis Times, Indianapolis, Marion County, 7 August 1937 — Page 12

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SATURDAY, AUG. 7, 1937

THE INDIANAPOLIS TIMES

PAGE 11

COMPLETE N. Y. EXCHANGE

STOCKS w

The Times

Financial and Market Page + =

COMPLETE LOCAL LIVESTOCK

STOCKS ADVANCE

ON QUIET

MARKET

AS BONDS STEADY =

U. S. Steel Gains as Chrysler Rallies Slightly.

By United Press

ferrous metal shares led. Bonds firmed as U. issues were quiet and higher. A strong tone in metal markets brought demand for Anaconda, which was the most active issue out

and gained more American Smelting approached 97

irregularly

for more thun a point gain, and |

Granby, Miami, Keanecott and Inspiration gained fractionally. Steel shares responded to advices that production continues high. U. S. Steel and Bethlehem rose more than a point, while National Steel | again reached a new high for the year at 981; on a fractional gain. Revived interest developed in Chrysler. The company still is undergoing labor difficulties but recent shorts in the stock reportedly were covering. This brought a gain of more than a point to around 117. General Motors showed more than 1: point gain.

Stocks Steady In Quiet Week

NEW YORK, Aug. 7.—Stocks made little progress this wesk and trading dropped off to around the lightest levels of the year as opera- | tors waded through a mass of conflicting market guides. The one bright spot came in the steadily improving nonferrous metal markets. London was exceptionally strong with the price for export copper rising to a level more than Si cent above the domestic price, bring- | ing beliefs that the 1l4-cent per | pound schedule here soon may be! lifted. Lead prices domestically | were increased $10 a ton, while zinc | —in which there is a tight domestic | supply situation—was increased 5 | cent a pound and reports existed of | heavy exports from England. As a result metal shares were | strong. Anaconda gained more than 3 points, while American Smelting, Inspiration, Kennecott, American | Zinz. St. Joseph Lead, Silver King Coalition and some of the lower | priced issues were strong the latter part of the week. Railroad shares were under conflicting influences. hey staged the best rally in months early in the | week as the carriers and 14-ton non- | operating unions agreed on a 3-cent per hour wage increase as against the union's demand for 20 cents an hour increase. But later they reacted when traders became aware | that the carriers must negotiate with | the brotherhoods next week and that | the agreement made with the non- | operating unions will mean about | $125.000.000 to $150.000.000 additional expense to the roads if a similar company is made with the brotherhoods. The fact that carloadings increased more than 11.000 cars in! the week ended July 30 was almost ignored. > A new strike at Chrysler plants was a disconcerting influence over the automobile shares and brought minor losses. In addition the weekly production figures showed a loss of more than 6000 cars from the preceding week, mainly because of | the Chrysler strike, and a lift to 100.000 units when Ford resumes after a hoiiday next week will be | only temporary as plants soon will be shutdown for the turnover of 1938 models. General Motors lifted prices on most of its cars which was considered a fairly favorable factor.

Steel production rese more than a | point to the best level since May 24 and the demand for steel scrap brought a further rise in the price at Pittsburgh. This resulted in a further rise in steel prices the forepart of the week but one that was more than erased in late profit- | taking. U. S. Steel finished with | more than a point loss while Bethle- | hem with an early good gain | dropped back to the previous close. | National Steel was a strong spot | mest of the week and rose to new highs for the year.

S. Government |

than a point. |

| Week ended Aug. 4 bank clearings |

| News-Record — Awards

| Week ended July 29, | previous week and 175 year ago.

| tute—Week July

"FOREIGN EXCHANGE

| Canada

| Italy (lire)

Australia

MARKETS AT A GLANCE

Stocks firm in dull trading. Bonds firm; U. S. Government isswes quiet and irregularly higher. Curb stocks irregularly higher

By United Press

65% 09

and dull. Chicago stocks irregular and quiet, \ Foreign exchange higher. Cotton futures off about 25 cents a bale after earlier weakness. Grains higher corn up 13% bushel. Silver unchanged in London at 20 pence a fine ounce.

at Chicago; to 2 cents a

Armour | Armstrong Ck

| Atl S&W

Zin Zine pr pf 63% | AM conga ..- 63% Armr Del . 1089's nt . 11%

| Asso Dry Gds . | Atchison Atchison ny Atl C L j pf

Atl Refining Atlas Corp

| Atlas Corp pf | Aviation Corp..

Week's Business At a Glance

| ADVERTISING—Advertising Age |

| —Weekly 24 retail advertising in| B

| $5.838,715,000 vs. $5.446.318,000 previ- | | ous week and $5,449,314.000 year ago. | | Federal Reserve—Gold stock up | | $29,000,000 to record high at $12, .l 462,000,000; circulation up $44,-000,-000; excess reserves off $110,000.000 | to new recovery low at $700,000,000; | [roi and dealers loans up $34,- | 000,000; ratio unchanged at 79.7 vs. | | 79.2 year ago.

CONSTRUCTION — Engineering | | this week | $44,041.000 vs. $47.393.000 last Wek | and $53,253,000 year ago; July

awards $260,000,000 vs. $226,595.000 |

| year ago.

| National Electric Manufacturers As- |

sociation: June sales of household | units in United States 249.042 units |

| valued at $21,098,696 vs. 216.008 units

or $17323,013 year ago; first half |

| 1,586,449 units or $135.925937 vs. |

1,311,820 units or $107,008.496 year | ago. FAILURES—Dun & Bradstreet— | 158 ws. 148

INDEXES—Dun & Bradstreet— | Week ended Aug. 4, business activ- | ity 99.8 per cent of estimated nor- | mal vs. 99.4 previous week and 91.8 | year ago; food index week ended | Aug. 3 up 2 cents to $2.88 vs. $2. 84 | year ago. Moody's—Week July 31 | | business activity 1108 per cent of | | 1028 average vs. 110.2 previous week and 99.8 year ago. RAILROADS Association Amer- | ican Railroads—Week July 31 car- | loadings 782,660 vs. 770,980 previous week and 747.529 year ago. OIL—American Petroleum Insti- | 31 crude output | averaged 4,591,000 bbls. daily, record | high, vs. 3,575,500 previous week; gasoline stocks 70,872,000 bbls. vs. ! 64,466,000.

STEEL—American Iron & Steel | Institute—85.5 per cent of capacity vs. 843 last week and 71.4 year ago. United Press estimate—Steel ingot output this week 1,124,000 tons vs. 1,109,000 last week and 944,000 year | ago. TRADE — Dun & Bradstreet— Retail this week 3 10 8 per cent over last week and 8 to 20 per cent over | year ago; wholesale 20 to 35 per cent over year ago. (Copyright, 193%.

by United Press)

NEW YORK, Aug. 7.—Closing foreign exchange higher Cable Rates Pong) $4.99% d. vd 4.98: 1.00 03757

Net Change England =+.0034 8 Eng. (60- N dolar) France (franc)

Belgium Germany (mark). Germany (travel mark) .. Switzerl'd (franc) Holland (guilder) . SoRin (peseta) . Sweden (krona) .. | Norway tkrone) Denmark (krone) (1b) Austria (shilling) Czechoslovakia (koruna) Finland (markka) Greece (drachma) Jugoslavia (dinar! New Zealand (1b.) 4.02% Poland (zloty). Portugal (escudo)

| Davega cu pf .. Deere nf

{El Auto-L pf ..

3ald Loco

Butler Br pi o~ Butte Cop .... Byers, A M ...

| Callahan Zine .

Calumet & H . Campbell Wy .. 3 Canada Dry . Can Pacific .. Cannon Mills .. Carr & Gen Case, J 1 Celanese oont Foundry Cerro de Pasco Certain-teed Checker Cad Ches & Ohio .. Chic Gt W Ry by MStP&P & Nw Ry on Pneu T iRI&P

(GMRT&P opt

Chrysler City Stores . 2 [&1 Bq 463% Cleve Graph Br 2 Cluett Pead | Colgate P-P oleate ni 1 & Aik : Col Broad A Col Fuel & Iron 38 | Colum GAs Com Credit tot | Com Crd cv pf 108 {Com Inv Tr .. 65% Com Solvents 14 | Commonw & So 27% Commonw So pf 5512 Cong Nairn 734 Cons Aircraft .. 52 Cons Edison

Cons Oi Con RR Cuba pf Con Textile | Cons Coal vte . | Container “

Crane Co : Crane Co cv pf 1 Crown Cork Crown Zeller Criicible St .. Cuba Co w Sudahy . urtis Pub... Curt Pub nf ... cCurtiss-Wr dik Curtiss-Wr A .. 19%

187% . 2% .. 203% : 5 13a 223 Dist Seag nf ww Bh Dousias Air 6% Dow hem, DS S & A Durian Silk Du Pont

138 t pf. 1% “ 5

| East R Mill | East Kodak Eaton Mfg .... Eitingon Sch

Elec Boat

1 Equit Bldg Eri

rie Evans Prod Fed Mot Fed Wat S A . Fid Phen Firestone 3 Firestone pt A 10 First Nat Strs Flintkote Co

Freept Sulphur Gair Robt Gair Robt pf Gar Wood ne Gen I

Baking | Bronze Cable Cigar .... Electric .. Foods .... 3 Motors Motors pf Pub Sv . Rty & U .. Refract Gimbel Bros Gobel, Adolf Goebel Brew Goodrich “Nh Goodrich pf .. Goodyear ... Goodyear pf .. Gotham Hos ...

Greyhound Cp . Greyhound pt

37 Cons Edison pf 18

IR il i FEAR

“I

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+144:

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[444 +++] +4 Fre Fi EIA |

16 MOST ACTIVE STOCKS

AnacondaCopper 63% Gen Elec ..... 3% Radio Corp Amr 10% Seaboard AL... 1%

. 20% Socony Vacuum. 22% Cal & Hecla

Transamerica n 16%

55% 10% 1% 38% 63 113% 0% 115% WL 56% 391% 19% 2%

. 163:16%

416%

5756» 10% 1% 39% 633% 1183 2% 115 29 5% 1° 20 NW 1634 16%

Transactions approximated 000 shares compared with 390,000 shares last Saturday. Curb sales were 68,000 shares compared with 87,000 shares last Saturday.

Net

High Low Close Change 613; 63%

+ 1% + 1%

CHEESE EEE +

we EY

310,

High wT 21 . 36

Long Bell, Lonilard Ludlum Stl

g . Maracaibo EX Marine Mid ... Marshall Fi - Martin Gl x McCall Corp . “hh McCrory hh McIntyre Pore y McKeespor: : McKes & Rob . Mengel - Mesta Match .. 65 Miami Cop Midsnt St

Tex

t Biscuit . i Sh Re ex. 3 . 20% Distillers . 3? Gypsum

Lead 3 Mal & St C 5 Rr & Lt 11% el ... 983% Nat Supply “vi Newport Ind Ne Central

No Pacific

Ohio Oil Otis Elev Otis Steel oS 2 utbrd Marine 244 vens Ill Glass 101

Pac Am Fish .. Pac G & El ... Pacific Ltg ....

Para Pic 2 pf . Park Utah

Low Ta 2134 35%

BO BI vt pk st BIC

Cd 0 nD vt CY CD ek CD 4 CD C3 pt OO

Net Close Change

1a 1s ns

ral

FINAL NEW YORK STOCKS

Low Close oranie an,

High Parker R Proof ol Parmelee 3% " " C17 16% 98, 98 T% s 26 ai

SHH

+ +4

Pills “en pitts United “ Plymout fH .. Poor 5B ..

FEE L444]:

CIEE

Reyn T “- Reyn Met Rts .

St Jos Lead St L-S Bohne

Shattuck Shell Un Oil Sheil Un pf Silver-King .. Simmons Simms Pet Skelly Oil Socony-Vae ... SS Am Gold ... So Cal Ed ... South Pac South Ry South Ry pf . Sperry-Corp ... Spicer Mfg Spiegel Inc ....

Std Oil nd Std Oil NJ ... Starret L S ... Sterl Prod Stew-War vs Stone & Web Studebaker " Sunshine . Superhtr ; Superior Oil .. Swift Intl “ ¥ Sv Cg Tenn

* | Texas

3 3a |

Chicago

Abbott Lab Advance Alum Armour & Asbestos Mi Autom Washer

Chain Belt Chgo Corp Chgo Corp cv

Coleman. amp consol, Bis

Gt Lakes Dredge Heileman Brew

Quaker Oats Rollins Hos

Stan Dredging Sunstrd Mch T

1 Walgree Woodall | ma

Sup . 33% Als Pow Ps Bt . 65 um Co Am oT Am Cvan B 15% Am Maracaibo Ark N Gas A. Austin Silver

~ wo Boromrarea - pr oo ow

>» LE F

Carrier Corp Cities Serv Col O&G

CO w= is

iy . Iron Fireman .. Lion Oil ah Lockheed Air .. Mesabi Iron .... Molybdenum Niag H Pantepe

an Pitts

BIRT BS 8D gga 1 Bi

AEE gm EG a

Sunray Oil .... Pechuicolor 29 & Pwr A 8 woh WT .... 6%

- ly DDO DEIN 00 © 4 a

ra waa

Curb Stocks

yr Lord ~~ 'o~ a

DB 1 CoD Is aT Fron

san

nd oa

[7 «JIL Dre IW Co eae

Wo ow

LOCAL ISSUES

gacaqaaaaadaa

Tex uit Prod Tex G Su

| Un Carbon ..... 8 United Corp ¢ United Cp n United Drug Un El Coal .. United Fruit | Un_Gas Imp S For Sec S Freight . Gypsum

Vadsco Sales Vanadium Va-Car 6 pf

Wabash

Walgreen Walker Walworth Warner Bros

Wheel Steel Wheel Stl pf White Mot Wilson & Co Woolworth Worthington cas Wrigley 1034 22%

llow Tr ye 9034

Young Sheet

INVESTING CO.’S

Bost Fd I 25.13 26.88 Cent Trt 2569 27.62)

ch AAmd 3.69 Cp Acc md 3.69 ... Cru Fs B 33 35 Fiscal Funds Inc Stk Sev 3.49 Ins Stk 3.85

ot pt

'Repr Tr Repble Inv chlkpf

~ , pv. Dh vv. BuawrD - - - INGE AR OAR co WDD

10.92 | p 24.24 25.60 6.81 %.00

5.79 [hd 43.26 46.52' Grave Securities Agricul 2.05 EH Chem 1.58 1.52 up Merch 1.41 153g Min 1.80 195 Petr RR Tob Inv Shs 1. Inc Invs 25, KCF-S-2 286. Ins Gp Sh 1

COMMODITY PRICES

(By Abbott, Proctor & Paine) COTTON NEW YORK

[ BEERBODDD J 00 IR ITI SAO Dt pt

1.58

DVL HO et =F <TD Ud 1k 30 ek gy + IW 33 D0 6D DS 1 1 Tg RR ° FEO st a AID HD DOIN nT

US E Well 3

October . December January . M .

PORKER PRICES REMAIN STEADY IN LOCAL TRADE

Hog Market Shows Signs Of Weakening as Top Remains Same.

Prices for hogs maintained a steady course today, but demand was limited, giving the trade a decidedly weak undertone, according to the Bureau of Agricultural Economics, United States Department of Agriculture. Top was the same as Friday at $13.65 for choice 200 to 210-pound weights. Receipts at 800 head were about normal for Saturday. Compared with the close of last week barrows and gilts are 50 to 65 cents higher, while sows, after holding steady, today are mostly 50 cents higher. The closing bulk on sows rested at $11 to $12, top $12.25. Compared with the close of last week, strictly grain-fed steers and yearlings are strong to 25 cents higher, new high being paid for at $16.85 for four loads prime Illinoisfed bullocks., Most fed offerings moved from $15 to $16, with light yearlings at $15.50. Short-fed and grass steers closed 25 cents to mostly 50 cents lower, some clean-up sales off more late, with most grassers at $7 to $10, and short-feds up to $12.50. Choice heifers are steady, others 25 to 50 cents lower, with cows strong, vealers steady, and stockers and feeders 25 cents higher. Compared with the close of last week, lambs are fully 25 cents lower, spots on medium and lower grades off more. Week's top was $11.25, with closing peak at $11. Most offerings at the close cashed from $11.75 down. Sheep closed steady, with slaughter ewes $4.50 down.

HOGS Aug. 2. $13.056 13.30 3000 3. h 4) 13.40 : 3500 4, " p13. .50 2500 5. | 3000 8 13.40@ 13.65 3000 7. [email protected] 1000 Light Lights— (140-160) Good and $13. a3 55 Medium @13.15 Lightweights— (160-180) Good and

Medium (180-200) Good and Medium Medium Weights 2 ) and choice . choice .

. [email protected] 12.606213.40 . [email protected] [email protected]

13.40@13 65 [email protected]

[email protected] [email protected]

[email protected] . [email protected] . [email protected] [email protected]

RS— -140) Good . [email protected] edium 11.00@ 12.50

and Heavyweights— (250-290) Good (200-350) Good

choice . choice .

and

—Receipts, 50

(550-900) G

(900-1100)

7. . [email protected] [email protected] . [email protected] . [email protected] + 16.006216.85 « [email protected] « 14.50@ 16.00 « 12.25@ 14.75 [email protected]

(1100-1300)

(1350-1500)

Heifers

Choice Goud Common Tl Good and choice . Common, medium

[email protected] 10.95@ 12.75 5.756 10.75 10.756 14.50 [email protected]

(550-750)

(750-900)

Choice Good Common, medium “ Low cutter and cutter Bulls, good .. Cutter, com.

Good (beef) . Cutter, common and medium .

Vealers —Receipts, 25-— Good and choice

Medium Cull and common

. [email protected] [email protected] 7.00@ 9.00

Calves —Receipts, 600 (250-500) Good and choice .§ [email protected] Common, medium 7.00@ 9.00 Feeder and Stocker Cattle Steers (500-800) God and choice $ 8.00/@10.00 mon, medium. 6.50@ 8.00 (800-1050) Good and choice . [email protected] Common, medium. 6.50@ 8.00

7.00@ 8.50 5.7%@ 17.00

5.25@ 6.25 4.75@ 5.25

Heifers Good and choice Common and medium

Common and medium SHEEP AND LAMBS Receipts, 35— Hs— Spring a Ss srr $10.25 711.00

[email protected] 8.25@ 9.25 7.25@ 8.25

4.00% 4.50 2.30@ 4.00

mm Shorn Ewes— 190-175) Good and choice . Common, medium

By United Press CHICAGO, Aug. 7.-—-Hogs—Receipts, 1100, including 1000 irects. arket, nominally steady: nominal top, $13.75. Cattle—Receipts, 1000; calves, 100; market, steady. medium weight and weighty steers, 25 cents higher; light steers and yearlings. 25 cents lower: bulls, 10 to 15 cents lower: vealers, steady: top fed steers, $17.15 for week: $17.10 next highest price; long vearlings. $16.65. Sheep-—Receipts, 6000; market, steady. Spring lambs ald yearlings, 25 to 50 cents lower: week on native lambs, $11.75; ok. arian. 50: slaughter ewes, $4G5.15; medium to good yearlings, $8.50¢

ogs—Market,

WAYNE, Aug. 7

roughs, ‘stags, $0.75. Caives, 811, Lambs, $10.50.

steady; 200-

New York Bonds

By United Press

BOND PRICE INDEXES

20 Indus. «Na . 920 2.6 Ls

Today Yesterday Wee kago ..... Month ago .... Year ago Two years ago 89.0 1937 95.0 193% 1936 1936 1935 1983

high ..... 8

20 Rails ny nv 92.1 93.6 95.9 8.9 101.2 20.1 100.4 84.9 86.4 51.0

80 Bonds 5.8 95.2 25.1 95.4 Lr 89.5 100.% 03.4 100.2 93.3 23.1 83.0

20 Util. 102.0 172.1 10.6 101.0 105.5 100.6 106.0 9.3 106.2 108.5 103.6 89.3

(Copyright, 1937, Standard Statistics Co.) TEN MOST ACTIVE BONDS

Close NYChiStL 4s 37 102 Phil Ry 4s 37.... 2%% Yngstn 3%s 51 146 Del & Hud 4s 43 86% Nor Pac 4s 97 . 105% Penn RR 4%s 81 108 Rep Stl 4%s 50.176 ChiMStP&P 5s 2000 .. NY Ct 415s 2013 8814 Erie 5s 6%

Net

Month You

Vii Ago - 34

" +8%

—- Ty

Bond transactions approximated $2,620,000 compared with $2,716,000

last Saturday,

U. 8. GOVERNMENT BONDS

Treasury s 1043-41 1941

1954-44

September 1%s 1938 -

December 1% 3

December 1'%s 1040 a

Maréh 1's 1941 June 1%s 1941 December March 1%s 1942

148 1041 ... 9

Bonds

ek tt kkk ek 28333322333 DDSI res PN

— > ~ >»

— BD tt 5 TBI BD 20 I BI DP BOD ree

Federal Land Bank Bonds

1055-45 ... 1908- 46 56-46 ... 1985- 49 vu July 1946-44 ... Nov, 1957-37 .. May 1908 38

s May 1957-31 Nov. 1958-38

July Jan. : May 1 s May

101% 101%

Ask Yield 101'% 10134

Federal Farm ‘Mortrage Bonds

1964-44

.. 103.24

103.24

Home Owners Loan Bonds

101.10 0

101.11 101 1. 103.2

10 103.2

DOMESTIC LW

Alleg Corp 5s 49 Alleg Corp 5s 44... Strs 4'.s 50 A deb 51os 43 | .. Am Wat Wk 6s 75

Anaconda C 415s 50....

Arm Co Del At

48 35..... TSF cv 415s 48 ....

Atl Coast A of 64. .... s C95

B&O oly

Bell T Beth 0 41s Go . Bu R&P con 48 57..

Can Pac deb 4s perp. “s 60 “9

Cen Pac bs Erie ref 5s 67 Ch&O 3':s 96 E OhMSP 4'.s E 89 Ches&Ch 3:25 96 ChMStP&P ChMSt&P 5s Chi d

Chi Un Sta 4s 44 ChiWInd ci 4s 52 CCCSL, gen 5s B93 COCStL gen 4s 93 Clev UTer va Kil

Cons Edis 3'0s § Oon GNY 4'es 51 Consu Pw 3's 70 Contain Cor 6s 46

Dol & H ref 4s 43 ....

Det Edi 4s 65 Brie ref 5» Flor E Coas 5: Gen M i vas 51 ..

Gen M A

¢ 3s 46 “ee Gen Stl Cas 51,8 " ww. 82

Goodrich 6 Goody T

Hud Man ref 5s 57 . Ill Cen 4%s 66 ICCSLNO 5s A 63 Int T & 15 s 5 Int T&T Js x Lah 3 VAS 61 Keith re 46 Kresge Fou a" 45 Lac Gas 5s 39 . Lig & Myers 5s 51 Long Isl ref 4s 49 .. Lorillard P 5s 51 McCrory S 5s 51 McKes & R 5's 50

es B34 oes

Mo Pacific cv 5las 49 ..

Mo Pacific 5s I 81 Mo Pacific 5s F 77 Mont Pow 33s 66 Morris & Es 5s 55

Nat D P 3%s 51 ww .. New Eng T & T 5s 52 :

Pac Gas&El As 64 ....

Penn Co 4s 63 Pa P&L 4'5s 81 .. Penn RR 3%s 70

Penn RR 43s D 81...

Penn RR 4%s 84

Phil Rd Coal 6s 43 ....

Philipnine R 4s 37 Port GFE 4las 60

tal T&C 55 53 ..... 01

Reading 4'5c A Ren Stl C 4155 50 StLSF 4s A 5)

Seab Air Lin 6s 45... Shell Un O 3's 51 ....10

Soc Vac 3'58 50 So Pacifec 4'5s 81 So Pacific 4's 68

So Pacif col 4s 49 . ..

80 Rwy 6s A 56 Sou Rv gen 4s 56 | Stan Oil N J 3s 61 Studbk 6s 45 ‘an Texas Cor 3los 51

Third Av adi 5s 60 ...

Un Pac 1st 4s 47

U 8 Rubber 5s 47 ....

Vanadium 5s 41 Va Ry Co 3%s 66 Warner Bro 6s 39 West Union 5s 60 Young S&T 4s 61 Young S&T 32s 51

FOREIGN

Argent 41:8 71 Australia 5s 55 _. Brazil 6'2s 26- ld Canada 4s 60 . Canada 3's 61 .. Canada 2'28 45 .. Chile 6s 60

A | B B

WHEAT FUTURES GAIN SLIGHTLY; CORN ADVANGES

Firmer Cables Send Grain Future Bids Higher in Chicago.

By United Press

CHICAGO, Aug. T7.--Relatively firmer cables and strength in corn carried wheat prices up for small gains on the Chicago Board of

+ |[vIrade today. Prices pushed up bete

ter than a cent a bushel in the first hour of the session but commission house selling brought a reaction later. A little hedging added to the pressure on the market but cone tinued support from milling inter

ests and small speculators prevented the market from losing all of the early gains. At the close wheat was 4 to 1'§ cents higher, September $1.127%, corn was 1% to 2'4 cents higher, September $1.017%, and oats were 1s to 3% cent higher, September 30 cents, Deferred deliveries led the early upturn in wheat. In the final hour the May delivery showed a net gain of better than a cent a bushel while the September contract was up only fractions. Corn shot up nearly 3 cents a bushel shortly after the opening, but reacted later, losing about a half of the initial gains. Short-covering and stop-loss buying was uncovered on the advance, but toward the end

2 | Of the session speculators were ine

clined to take profits which result« ed in a reaction from the day's high points. A strong cash position and dry weather in sections of the corn belt, where rain is urgently needed, inspired buying. Smallest supplies of both old and new wheat in storage in the United States since 1919 had little effect on the market. These bullish figures were offset by a lack of demand for domestic wheat for export.

CHICAGO GRAIN

RANGR

Wheat (new)-No, 2 red, [email protected]'52 No. 3 red, $1.13% 1.18%; No. 4 red, $1.08 @1.08; No. 5 red, 95 %cm $l 00a; sample grade red, 75@92¢; No. 1 har d, $1.19'262 1.20; 0, 2 hard, $1.18'%@1.20%; hard. $1.11%@1.17; No. 4 hard, $1.08@ 1.11%; No. 5 hard, $1.00':@1.05%; sample rade hard, 94¢@ 1.10; No. 2 red ATHORY 1.151.158: sample grade red garlicky, 82@85¢, Corn-—No, 2 vellow, $1.15, -No, 1 mixed, 31% @31%¢c; No. 2 mixed, 316131150 ni white, 325 @32'%ec; No. 2 white, 31 @ 82%: No. 3 white, 20@32V40, Rye—No. 2, 86% 80¢c. Barley—Feed, 45 55¢ nominal; malting, 604282¢ nominal: No, 3 malting, 80c. Sov Beans -— No sales, Timothy Seed, [email protected] nominal. Clove er Seed- -Unquoted. Cash provisions--Lard, $12.10 nominal: loose, $12.25 nominal: leaf, $12.75 nominal; bellies,

$16.95 nominal, LOCAL GRAIN

CASH

stron 37 care No. 2 St. 061%

ts, 5 care

Wheat , receipts, 1% @1.08%2

hard,

-Market, red

white, $1. 08Yaa 08% v. 3 vellow. $1.05611.07; No. ! ‘$1 034 @1.05; No. vellow, $1.01 X 0. 2 mixed, $103@105: No. 9 mixed, $1.01%@1.03; No. 4 mixed, 99¢c/ $1.01, Oats—Market, Siiong, receipts, 47 care loads; No. 2 white, 27% @28'%c; No. 9 white, 26@2%c.

WAGON WHEAT

rain elevators are paying for No, red, $1.02; other grades on their merits, Re on new No. yellow, 96¢c. Oats, 23¢. Hay=No. 1 vA [email protected],

WINNIPEG WHEAT

g IY

October 24% 1.23%

LIVERPOOL WHEAT , rev, High Low Close Close _ 1.98% 81.2704 $19705 81.2004 C120 128 1.289% 1.30% 12615 126 128%

Cetober December March

NEW BOND ISSUES

(By W. L. Lyons & Co.)

1.28%

tl & F Ay Sons 5s '47.. Calif Oro Prw 4s '66 .. Celotex 4'cs '47 “ Cent Maine Pwr 4s '60 Cent Maine wr Bd '88-

Houston Lt & Power 3's '66 Indpls Water 3'%s vn Los Angeles Rev yr hd Narra Elec 3'as N Y City 3las fr N Y State Hes Gas 4s '65 .... Ny Tel 3%s Northern fate P 3'2s '67 Okla G & E R 't ho Oklahoma G & E Ihe 3%s '66 Pac Lighting 0 Scott Paper Co Bs '52 Simmons 4s '52 Sou Kraft 4's '56 Union Elec 3%s Md ‘v's Union Elec 3s '4

—.0004 + 000s, ry oo - | M ws 10) 10. | LAFAYETTE—Hog market, Japan 5'2s 65 West Cheste of oo. . quotations do mot repre. | Ja¥ BE ek ha , $13.50@ 1 13%0, 225.350 Ibs.., $13.35 Norway 4s 63 100 Wise G & B 3148 '68 .. , 11.24, off .04. , 13.40, o£ So oho [email protected]; 2&5 =325 | Peru 6s 60 ........... 1 ‘ 9% Wisc Pub Sve “5 61

NEW ORLEANS

Rumania (leu)

Argentina (official The followin

sent actual bids or offerings, but merely indicate the approximate market level as rnished by the brokers named. (By Indianapolis Bond & Share Corp.)

BONDS AsK.

Citz Ind Tel (TH) 4'%s 61... H Tel & Tel

sight lost friends for this group. Oil shares were mixed despite the | A ; fact that the statistical position | Ga) peser oo continues to improve with crude oil | production at a new record high and gasoline in storage declining for the 15th consecutive week.

4.0005 Ham Watch ...

as 38 $11. 25611. 5;

-170 lbs, 1bs., aa 12, Lig 100-1 0 Tor $10@ 10.50;

rou yo Calves, lam is * $206 10

BANK STOCKS (By Blyth & Co, me),

Bankers Trust Central Hanover Chase National ......... Aran Chemical Bank & Trust ...... Guaranty Trust een Irvin st Manu acturers Trust Nation

Continental TI. Natl. "Chicago. 1 Bik: Boston ....

peso) (official

October December January March

rei Brasil {unofficial milre Chile A Peru (sol) Urguay (peso) Hongkong (dollar) Shanghai (yuan). India (rupee) Japan (yen)

[HEE

DOW-JONES STOCK AVERAGES upp Mot

39 INDUSTRIALS

COMMERCIAL LOANS Adapted to Business and Personal Needs

NEW YORK COTTONSEED orev

High Low Close Close 8.40 : 36 8.40 8.35 8.30 830 8.27 8.27 832 8.28

[1 Sentral [ll Cent Sh Inland Stl

U. S. STATEMEN T Lig! Iron

By United Press gric nt Bitiness M. Bae: WASHINGTON, Aug. 7—Government ex. | Int H . penses and receipts for the current fis- H he yen ga - 5, compared with

Thi Expenses .$ 803. £80 1 83 ry ores Hn Receipts 538.279. an 23 } 393.344.1 ae

Deficit... Bal.. 2.819.676.032.7

+0.98 —0.66 41.60 —0.68 +1.09

September sessnsann.eneas 185.43 2 | eon tessassasanaases 185.61 Month BARS ...viiiraneennnes 196.52 Year age .......uuviin ve... 169.10 High, 1937, 194.46; low, 165.51. High, 1936, 184.90: low, 143.11. 20 RAILROADS

a or one ose ose November 32 32

fae

The INDIANA TRUST COMPANY

MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION

¢c & L 5s 44 | H Water Works 58 56......102 FB Water Works 6s 49......103 [rac Term Co 5s 57 67

Pre National City Clevel n Cire Close Fire Nn . 24% | Aetna Fire ‘

teen Pasarela enteaae

FOOD PRICES

CHICAGO, Aug. 7.—Sweet Da toe en. nesssee, bu. hampers. $1.04 . Carrots polingle, bunches, 2@ 3c. ay

FEE 4444] [444] +

oa Por Coal Month age Year ago High, 1937, High, 1986,

178.34 | Jew “3s HY Phy ewe: Ten

TePS02 040 47 $1,258 90 430:57

Hartford Home National Fire

61.46; low, 50.1%. 59.89: low, 40.66. 20 UTILITIES

Bose f nd ¢ Gas S cum »

Kel-Hayes A nd + INE | ec Co Ts ; iin IE -- 53 Indie’ Bh Por A ¥ Lt Co pfd 6s. . Rey: one n : Indpls Pwr & Lt <3 fa Stas Kreoge SS 3 3 “aan jndbis Water Co f ..10. ress 3. P93 da LL Soin pat Li Life ¢ ioe Co com

Kroger G & B Nin » Ind Pub serv Co pd 6s. . Potatoes—sSupplies liberal; demand fair; D AS Sub, Serv pid los 3 , | market steady. Oalifornia White Rose. Doar PERG Wngdddded | 4 [email protected]; Idaho Bliss Triumphs, $1.25@ Ber. CTY a Cos. | . 1.50; Idaho Russet Burbanks, $1.90; Oreb Ser on Bliss Trium hs, 3 50; Washington

, y T y Rose, $2; Tob WashRan es: 3 Lehman a Dh eve 3 6 | ington Russet Burbanks, $1.85 U.S. days. “ 70 70 Eo 2, [email protected]; Missouri Biers, .e eC CrRR ase: New Jersey Cobblers, a [email protected]; U Werclals, 3. vel 15; Nebraska BE Nall Sobbiers,

Inac. Gold Kan C Sou Kayser Jul INDIANAPOLIS CLEARING HOUSE hampers, Clearings ... crates, 35@50c De | Westchester..." CHICAGO, Aug. 7—Onions (50-1b. sacks). Casualty Companies. California, yellow, 85@95¢c. Ny aconsin, ontinonta

yellows, 85c¢. Illinois, vellows, 50@

Casualty

» | Clearings for reek ass. Bonding & Insurance ..

° Debits for wee

MONEY MARKET

NEW YORK, Aug. obay Toney rates remained unchangea t 116% 68 AccSpiancey - 3 an a 5 ys, 9-16@%%: 150 and

Se%. Commercial Pa ht yr Cd names, Hy

5 Ey Lace: dz0

61%

, 37.54; low, 25.45. 36.08; low. 28.63.

The Oldest Trust Company in Indiana

SAFE DEPOSIT BOXES

% The Ww

Indiana National Bank of Indianapolis

Allied with THE MERCHANTS NATIONAL BANK

No. 3, 55¢; BE Sioha Arivais, 94; on track,

Righ, 1937, 69.97; low, 57.5%. High, 1986, 66.58; low, 51.20.