Indianapolis Times, Indianapolis, Marion County, 7 August 1937 — Page 29

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COMPLETE N. Y. EXCHANGE STOCKS

THE INDIANAPOLIS TIMES

. + The Times Financial and Market Page : -

MONDAY, AUG. 9, 1987

COMPLETE LOCAL LIVESTOCK

STOCKS ADVANCE IN ACTIVE MARKET AS STEELS LEAD =

“Curb Exchange Gains | Fractions to Three Points.

By United Press NEW YORK, Aug. 9.— - Forecasts of heavy steel pur“chases brought buying into “steel shares on the stock ex- . change today.

strengthened.

Strength in steels and rails featured domestic bond trading today. . U. S. Government loans eased irregularly. Convertible steel funds | paced the advance. Activity in Cord Corp. trading as the curb market advanced fractions to 3 points under lead of industrials today. Cotton futures broke as much as |

Exchange today after announcement of a Government estimate for | a crop of 15953,000 bales. . UU. S. Steel, Crucible, Vanadium, Youngstown Sheet & Tube and Bethlehem gained more than point, while National Steel made | another new high for 1937. General Motors gained fractionally and was the most active issue out. Chrysler, selling exdividend, 17% to 115%. Auburn Auto, however, slumped 5 points, and regained | only part of the loss. : Rails were strong under lead of | Atchison and Atlantic Coast Line, which gained more than a point. | Strength continued in nonferrous | . metal shares. Radio Corp. was active and reached 11 while some amusements were in demand, Loew's reaching a new high for the year | at 85%.

FIRST HOUR

The market opened firm wail

then advanced in light trading, | Steel shares leading. og] Sheet & Tube gained 2 points to 92%, U. S. Steel 1% to 119%, Bethlehem a point to 100% and others fractionally. Metals were firm. Atchison led gain ‘to 80%.

active to gain 1&

to 11. Auburn

dropped 5 points to 15 but other | motors were firm, Chrysler, selling | for 2 |

ex-dividend, reaching 115% points gain. Utilities were quiet. Voume approximated shares compared with 180,000 in the first hour Friday. Dow-Jones averages—Industrial 186.83, up 0.42; railroad 53.35, up 0.40; tility 29.06, up 0.14.

SECOND HOUR

, Steel shares continued to feature trading. U. S. Steel reached 120 for A similar advance. Chrysler mainrained 17% advance at 1153 but General Motors dropped back to 581s for only sx gain. Loew's at 877 was 7% higher and at a new peak for the year. J. I. Case was fairly active to gain a point to 185. Metal shares maintained their early gains as did the railroad issues. Utilities were quiet. Volume approximated 140,000

The entire list | ' |

featured |

a col O

| Hog | Un Gas Cp pf

| Armour & Co

rails on 1% | Gen Financ Radio Corp. was |

250,000

gain and Bethlehem 101 for a |

MARKETS AT A GLANCE

Stocks strong under steel shares. Bonds quiet and firm. Curb stocks higher. Chicago stocks higher. Call money 1 per cent. Foreign exchange easier. Cotton futures firm. Grains irregular in Chicago; corn up 1% to 13% cents a bushel. Rubber futures firm. Silver unchanged in London 20 pence a fine ounce.

Curb Stocks

By United Press

lead of

Low

High 1 117%

Alum Ltd om do Am Am Airlines A m Book m Cya [A Am

| Brim Give "9 Bald T.oco Bd rts Bellanca Air Brown Co pf Can Marconi . Carrier Corp .. Cities Serv | Siig YS of .

on BITE dt pt TO

= 0

| Battepe rugential In | Regis P

: fe Ii R | Seiberling her Mfg

| Un Lt & Pwr A

Chicago Shocks

Borg Warner Cent & SW Ut Chgo Corp Cord 3p ERE Fuller Mfg ....

Gen Brug Ut Katz | Libby MeN & 5 Mid West Ag Peabody Coal B

By United Press

FEIF FEE E Er

Am A

A Anaconda Armour IN .... Armstrong Ck... Atlas Corp .... Auburn Auto..

3 15% 18 ly

3alt & Ohio ... 28% 3arber Co .... 30% 3arnsdall

28% 30%

“F

I+]

Butte Cop

4 han Zinc... 4% alla 16% 12% Vo 75% 0

v 6 53% 2

FREI FHF HEEL]

ry 114% Cleve Graph Br 46% Colgate-P-P . 18%

Colum Gas . rs I

66 2% 157k . 5% 58% 2% | 47% 66

50% RL 83 Cub Am Sug .. 9 Curtiss Wr .... 6 pin

138 138 . 36% 36% 15% 15% 5% 57

HERE

|: ++:

Deere & Co .

Df Jud

Ds afr 57

30% 11% 21% 24

Elec Auto L . . 4 Elec Boat 113% Hes Pwr & Lt 217% 1 Paso N Gas 24

FEDERAL RESERVE GETS NEW BUILDING

Board United Under One Roof After 23 Years. By United Press

WASHINGTON, Aug. 9.-—The Federal Reserve Board, without a

| home it could call its own for the

23 years of its existence, prepared * | today to move into its new $3,500,000 marble structure. Today, it was expected that for the first time since its organization in 1914, the Reserve Board's

Quaker Oats Trane Co Walgreth Co Co

(GROCERY PRODUCTS GAIN IN 7 MONTHS

Volume WR 7 to 25! Per Cent Over Last Year.

By United Press NEW YORK, Aug. 9.—Distribution of grocery products in the first seven months of this year was the greatest since 1930, Dun & Bradstreet, Inc., reported today. The trade has been unaffected by difficulties which have retarded many

_ shares compared with 130,000 in the hour Friday. Dow-Jones averages— Industrial 186.92, up 51; rails 53.41, vp .46; utility 29.08, up .16. » 5

Today's Business At a Glance

GENERAL BUSINESS

Magazine Steel reports production rate last week up 4 point to 84% per cent.

CORPORATION REPORTS

Colgate-Pa'molive-Feet Co. six months ended June 30 surplus $1,715,606 or 50 cents a common share vs. $370,198 or $1.50 on 6 per cent preferred year ago. Consolidated Retail Stores, Inc. July sales $521,174 vs. $502,751 year ago, up 3.6 per cent; seven months sales $4.995775 vs. $4,605,504 year ago, up 8.5 per cent. Duquesne Light Co., 12 months ended June 30 net income $10,613, 987 vs. $10,704,462 preceding 12 months. Federal Mining & Smelting Co., June quarter profit $345847 vs. $156,374 vear ago. G. C. Murphy Co., July sales $3,459.971 vs. $2,973,841 year ago; seven months sales $22,117,618 vs, $18,881, 922 year ago, up 17.1 per cent. Interchemical Corp. and Subsidiaries, six months ended June 30 net profit $766,483 or $1.96 a share vs. $585,711 or $1.41 year ago; June quarter net profit $361,397 or 91 cents on common vs. $405,086 or $1.05 preceding quarter and $342,910 or 88 cents year ago. Mapes Consolidated Manufacturing Co. and subsidiaries, six months ended June 30 net profit, $314,962 or $2.49 a share vs. $251,725 or $1.99 year ago. Motor Wheel Corp. and subsidiaries, six months June 30 net profit, $1,154,224 or $1.35 a common share vs. $1,103,738 or $1.19 year ago; June quarter net profit, $693,801 or 81 cents vs. $460,423 or 54 cents preceding quarter and $643,724 or 76 cents year ago. Rome Cable Corp. June quarter net profit, $73,923 vs. $52,701 preceding quarter. Texas Gulf Producing Co, six months ended June 30 net profit, $458,107 or 51 cents a share vs. $414,674 or 46 cents year ago; June quarter net profit, $237,665 or 26 cents a share vs. $220,442 or 25 cents preceding quarter and $204,563 or 23 cents year ago. United Carbon Co. and subsidiaries, six months ended June 30, net profit $1,365,368 or $3.43 a share vs. $1,087,607 or $2.73 year ago; June quarter net profit, $643,000 or $1.62 a share vs. $722,368 or $1.81 in preceding quarter and $519,776 or $1.31 year ago. Worthington Pump & Machinery Corp. and domestic subsidiaries, six months ended June 30, net profit

of the major industries since Janu- |

jars, the Review said, and, while dis- | tribution slowed down during part of the second quarter, the recovery in July lifted sales for the seven-month period 7 to 25 per cent over the corresponding 1936 volume. Wholesale orders went ahead by 10 to 20 per cent, and manufacturers have been operating plants close to capacity in an effort to keep pace with expanding consumer demand.

Less expensive and stable items contributed bulk of the sales, but better so-called luxury goods are moving into the foreground, revealing the widening purchasing power and the stress now being laid on quality. Trade estimates place 1937 whole. sale volume at $4,300,000,000, a rise of about 10 per cent over the 1036 total, which, in turn, was 54 per cent higher than the 1935 volume. Retail Grocery items have been reduced less than usual this summer, Dun & Bradstreet said, even though supplies of fresh fruits and vegetables were abndant. Prices on Aug. 1 ranced 8 to 15 per cent higher than a year ago as a result of advances made at the beginning of the year, and higher costs were viewed BS precluding any downtrend this all. Wholesale quotations have held close to the highs established in January, when the index reached 91.8 per cent of the 1921 average. In February this index rose to 926 per cent, highest since June 1930, but a steady decline followed until pane, when the average dropped to

£900,776 or $6.21 a share on combined Class “A” and “B” preferred now in arrears vs. $162,520 or $1.12 year ago. DIVIDENDS

Motor Wheel Corp., regular quarterly 40 cents, payable Sept. 10 record Aug. 20.

| der one roof.

| construct. | gia white marble, with an entrance

Coren. 1937, by United Press)

various branches will be united In the past it has | had to occupy quarters provided for | it in the Treasury Building and rented space in various privately owned buildings. The new building, designed along simple lines to harmonize with

| such neighboring buildings as the | Academy of Sciences and the Pub- |

| lie Health Service, cost $3,484,000 to The exterior is of Geor-

marked by a simple architectural motif of piers surmounted by an American eagle in white marble. The main entrance opens into a lobby which contains a portrait relief of President Wilson, bearing this quotation from his first inaugural address:

“We shall deal with our economic system as it is and as it may be modified, not as it might be if we had a clean sheet of paper to write upon; and step by step we shall make it what it should be.”

U. S. STATEMENT

WASHINGTON. n' 9 penses and receipts for year through oo. year ago:

Government exthe current fiscal 6, compared with a

Last Oar

Expenses 48,393 34.

grade merchandise and the | Rub

Customs ods Inactive Gold $4,

FOOD PRICES

CHICAGO, Aug. Tenn., bu., pers, $1.35@1. : rots—Illinois, bunches, 2@2'se. oH Illinois, bu., 60@ 75¢, 'omatoes in Jugs, 40@ 75¢. Caulifiower — WN crates, 75 Peas — \ Peas — W

Titinoiy, y . lows, 90c. California, whites, x Washington, Valencias, [email protected]. consin, yellows, 85¢.

et . Last. heise.

DPOW-JONES STOCK AVERAGES 80 INDUSTRIALS

Saturday ...ovevieeninieeee 186.81 Week BEO «v.uevuinrersnnneies, 186.01 Month BEO «.vveviiinninenss 178.70 Year ago WR .. 168.80 High, 1037, 194.40; low, 165.51, High, 1586, 184.00; low, 148.11,

40.98 41.30 41.98 =0.30

aa Cease ees D208 Week ago . . b2.88 MONA BRO uuurisrusniriine. 54.76 Year ago High, 1937, High, 19386,

64.46; low, 50.1%.

High, 1987, High, 1936,

37.54; low, 25.45. 36.08; low, 28.68. 70 STOCKS Saturday oui Week BED uuviiiiniiiiiien 65.02 Month BE0 +...cvvvvinnivenee. 62.28 Year age High, 108%, 60.67; Yow, 57.5%. High, 1986, 66.58; low, 51.20.

Net High. Low. Last. Change. 56's 56's 56 + IB BA WBA fin 3 . Bl 451% 31's i in vo 26 287% . bi% Bi% wus BB 2 R314 3%

7% 51'% 45% 31's

Fed Screw Food Mach ... Foster Wheel .. Freept Sulphur.

T% 51% 45 3%

Gen Cable

- wo x La

= FFE 5

ESSE FHEEEIE) 0

FFEIFE FIFIFEF

“ .

Gt Nor Ore ... Greyhound Cp.. Here

Holly Noe

Homestake vey Howe Sound ... Hudson Motor .

in Tan Cop wa nspiration Co Insshs cts Md. . ’ Inter Iron ..... Int Harvester . Int Nickel ..... Int P&P A .. Int P&PO.. Int P& P pf .. Intst D 8 Island Cr Coal .

THE 0 44+ $8440

84 633 . 21% Sve

wi. Ce 2% . 12% N HE

. 28%

(J Th 70 25% 85%

47 Marshall md .. McKes & Rob . 18 Mead Corp .... 28% Miami Cop 21% Minn Hay .... Minn-Msline .. 13%

BROKERS’ OPINIONS By United Press NEW YORK, Aug. 9.-—Brokerage opinion today: E. A. PIERCE & CO.—We believe that the action of the market combined with fall business prospects warrants the continuation of a constructive attitude.

REDMOND & CO. — Following

y Nk &

9. — Sweet Potatoes —

Wis-

completion of this present consolidation movement, which may mean either a moderate temporary recession from current levels or an extension of the sidewise drift, we look for a nadvancing trend on a more active scale.

HORNBLOWER & WEKS — It seems likely that we will continue to witness the same type of market experienced the past two weeks with favorably situated issues, which failed to participate prominently during the early stages of the recovery, moving more into line while leaders are consolidating their positions, preparatory to a general resumption of the uptrend on a broad and active scale.

LAMBORN, HUTCHINGS & CO. —If something in the nature of a good stimulus does not occur soon, the market may have to take its correction in the form of a price recession, but the hope of the Street seems to be for early adjournment of Congress and the beginning of discounting of good autumn business.

ATKINS, HAMILL & GATES-— The market is likely to remain firm on immediate transactions, but some further irregularity is possible during the coming week.

For Final Stock Quotations See Later Editions of The Indianapolis Times

New Security

TOTAL CORPORATE FINANCING REFUNDING AND NEW ISSUES

[om comromte rvanene™ | 3

Issues Decline

new rssues = [I] rerunoinG = [li

(COMMERCIALA FINANCIAL CHRONICLE)

900

MILLION DOLLARS

™E PARKER COR, GENERAL DSTRIBUTORS

MONTHLY AVERAGES

INCOR PORATED INVESTORS

BOSTON, Aug. 0.—Prior to the stock market crash in 1020 a large amount of new corporation securities was constantly being issued to a growing demand. Since 1930, however, total corporate financing has been relatively small with refunding by far the bigger percantage.

weighted

Friday .. Week ago Month ago .

142.90 | Year

EEE EE

vee 146.23 | 1987 low

used in compiling the daily price index:

Commodity Wheat, No. 2 red (bu) ........ Corn, No. 2 yellow (bu) «v.vne Rye, No. 2 (bu) Oats, No. 2 White (bu.) Flour, Spr. Pat. (196-1b. sk.) ... Lard, Prime Steam Spt. (Ib)... Coffee, Rio %s Spt. (Ob) ...... Sugar, Raw 98 Test (Ib.) Butter, 92 Score (Ib.) Hogs, Avg. Most Sales (Ib) ... Steers, Avg. Most Sales ab) ee

Today $118

ago . cvevens 141001 | 1087 high (April 5). 1526

NEW YORK, Aug. 9. Following are the commodity prices

Commodities

31.39 Silk, 183-15 Denters

(July 29). .140.60

Lead, Spot (b.) .. Zine, Spot (Iv.) Week Year Ago 8 1.10% 1.02% 83% 80% A 81 J1%2 Oh J0350 S13

Coke, Connellsville

Lambs, Avg. Most Sales (Ib) .. Hides, Native Hvy. Steers (Ib.).. Wool, Fine Unw, Comb, (1b.) .. Cotton, Mid-Upland (b.) ..

Rubber, Spt. Smk. Rib (Ib) ... Copper. Electrolytic (Ib.)

Tin, Straits Spot Ib.) Silver, comml. Bars (02.) ..v.us Steel, Scrap Obl. (ton) ........ Pig Tron, Tron Age Comp. (ton).

Cement, Dom. Portland (bbl)... Yellow Pine, 6-in. base (M ft.). Douglas Fir, Rough (M ft.) ... Gasoline, Tank Wagon (gal)... Crude Ofl, 40 gravity (dL) .... Source of Quotes—Chicage: scrap and hides, Boston: Wool. : nelsville: Coke. Tulsa: Crude ofl. New York: All others.

PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX

NEW YORK, Aug. 9.—Dun & Bradstreet's daily price index of 30 basic commodities, compiled for United Press (1930-1932 average equals Wi :

Year Aro 8 0088 J1% S54 1232 1.88 JA68% 09%

Today 1078 JAB Ja A128 1.50 1869

Jap (Ob)...

raha

PARLE RRRR RY '

0400 43 RIL 14.7%

Fara

PRR R Rae

tom) .... 2.58

ne ne Grains, lvestock, lard, East Bt. Louis: Zine,

LATEST NEW YORK STOCKS

et . Last. Natae.

dy © A 34% 13

Mo-K Tex 7 ots Ward ... 63%

otor Prod ... 34% ullins Mfg B . i

34 34% 13

3 a"

Nt 8 Biscuit ... 23% as ’

CHEER EERE

197% Bi

Bt se Gl. A a

tis wens

BES aR en se FEFSFFAIASFES OF PoP HF $F FFF +

Fa +EIEEEEE

DY BI TCS DDI

10% 70% 8% 15% 34% 0 5 10%

78% 16-32 16-92

83! 3

HFEF

eyn Met rts ..

t Jos Lead. ... 4

Darby Sunshine

Tenn Corp ... Pox corp ....

OF wy * FEREISS

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&- Ea) 3 >

DVI WB DN DINGS Fd PIWBWIDO NDING Fo,

CO kB NINDS at pe TD pt hp pe BIDS woud -

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tP& LA Vanadium

Wabash pf A .. Waldorf Sys ... Warner Bros West Auto Sup.

EB DD ek ED ND DD

ile . vor thington .

Yellow Tr ..... 22° 22% Young Sheet 81% o's

LUMBER ACTIVITY

| Light

ADVANCES IN WEEK

By United Press WASHINGTON, Aug. 0. —Al-| though lumber production in the | week ended July 31 showed some | recession when compared with the | two preceding weeks it was 6 per | cent in excess of new business booked, the National Lumber Manu | facturers Association said today. Activity stood at 78 per cent of | the 1020 weekly average of pro= duction and 80 per cent of 1020 | shipments, | Production of the 519 reporting mills, 7 per cent less than the 561 mills a week earlier, was 266,041,000 | feet of hardwoods and softwoods combined, a decrease of 7 per cent from the 286,344,000 feet in the preceding week. Shipments aggregated 266,735,000 feet compared with 257,463,000 feet in the preceding week, a gain of 4 per cent. New business amounted to 250,156,000 feet, an increase of 6 per cent over the preceding week's figure of 236,736,000 feet. Production for the week was 11 per cent above the corresponding 1036 week, shipments were 19 per cent higher and booked orders in. creased 7 per cent.

CHICAGO PRODUCE Co oe A515 ro

receipts, score),

storagea ns

388

Rui 1¢; A 0 4 aT ae; specials, 317m centralized (88 29¢, ey hel 80 score), 20%e, Poultry—Market, steady: receipts, 1 car, ; geese, 12¢, ducks, 12@14¢; hens. 22¢; horn hens, 18'2¢. spring chicks ens, 21@22'%¢; broilers, 176236; roosters, hk fryers. 10g 24st turkeys, 14@ 15¢ Cheese ins, 17) ait pe; Daisies, 17% @f8¢. Long orns, 17h al 8c otatods—8upplies, \iberal: demand, steady to Jron er. Cali Rose, $2@ 2.10; Idaho Bliss 1.80; an 0 Russet Bure ; a. Tiumphs, ose, $1 1.75. 5@ 1.90; Bliss Tri: obblers, Hoc ¢, New Jersey mm ay $1.20; Ne. Mi aryland hn Bathe NIE Bar Ohios, on’ SER, 264; shipments: Nthrday. 92 Sunda v (The prices quoted are paid gor stock gathered in the country, ie for deliv. in India lis the prices are 1 cent Each 1h ul case of eggs must weigh a No, 1 Srietly fresh, loss off, 17¢ Heavy breed hens, 8 Ibs. and over, 17e Leghorn 2 heavy br d rogers or stock os ky 8 1b ad horn pL 108 and over, bareback broil fers, tock. 2 Ibs. and Pa ol Toosters, and due wha, full: ather ver, a ull feuthered a and fat, d to 14 Ibs, “Butter —~Oreamery, No. 1. 3515 @3%e: No. 3 BO so. | Butterfat—No, hy Yoo. Ne: FOREIGN EXCHANGE EW YORK, Aug. 9.-Openin rel exchange irregular. R oh xn ol Rates snre i 14

+, 4 1 Hi oe <+.0001 TEN LETTER:

AUTOMATIEALLY TYPRE ADDRESSING & MAILING

RVICE MULT GRAPHING

STENSLE SUV MIMEOGRAPNING RULED FoRme UP YO 1a X pe we Ubi

HOGS ADVANCE 10 $13.75 TOP INLOGAL TRADE

Weights Above 160 Pounds Gain 10 Cents to Record Price.

Light receipts sent hogs to further heights today. A rise of 10 cents on weights above 160 pounds boosted the top to $13.75, another new

11 year peak, according to the Bureau of Agricultural Economics, United States Department of Agri culture. There was some buying resistance against the further upturn, feeling being in evidence that prices had about reached the saturation point, Light receipts were very much in favor of sellers, the market having shown a tendency to weaken on last week's close. Sows cleared at steady levels, bulking at $11 to $12, with top again at $12.25. Hog receipts were estimated at 3500 head. : There was not much steer beef in the run today. Buying sentiments was bearish on grassy and shorts fed kinds. Due to lack of supplies, however, the market moved on a generally steady basis. A load of strictly good yearling steers brought $14, but most grassers cleared at $11 down to $8 and below. There was little in the heifer crop eligible to pass $10, prices being about steady. Cows ranged steady to 25 cents lower, medium cows showing the loss. The lower sentiments in the vealer trade last week developed into a 50 cents lower market today, despite encouraging advices from dressed veal circles. Good to choice vealers went at $10.50 to $11, most mediums from $9 to $0.50 and culls downward to $7. There was a little better feeling to the lamb trade compared with Friday. Quality considered, however, it was mostly a steady affair,

a i

LC] eg x 3 =

Aug.

DAIDID a pt pa pk PR

WW UW LI WIT

od tl od . VV comenony EB BID

FS33353

— a pp QF | ODOM = Cs TAY

(140- kt 3 Mediu

w tg— Light At < choice. .

‘chotee .

Good and edium (180-200) Good and Medium i Sol

PW many Dw

= DY

(200 choice. choice. Hea weights h5D-200) Good {360- 350) Good

chotee. . choice

wana wa a PON OO

(425-450) (275-550) Good Slaughter ro (100-140 oad

OO ONS OW WTS MOND

and choice . dinom "ay CATTLE «Receipts, 1000--Steers

(500-900) Choice Good

303333

P (900-1100) Ch

tt — ny

pres TIP 33;

C (1100-1300) ime C

M (1350-1500) C

(550-750) Ghoite

Sod" and choice . mmon, medium

Good" EAEIIRAAINLEEAAAARANNY omman. ‘med

Ww cutter “nd Cutie ly ulls, good ' utter, com .....

(750-900)

pagan GERRI 22 BFP RWS “FITTV ERA

PRU ARN

Good (beef) ... 33S Cutter, common and medium. . Vealers Receipts, 25--

Good and choice Medium Cull’ and common

. 10.00@ 11.00 8.50610.00 00@ 8.50

Receipts, 500

00) goad and choice . [email protected] Vash mmon, medium. 7.00@ 5.00

ee | 4 Cattle

(500-800) ol and [email protected]

ae (800-1050) . a 3.00 Heifers

6.350 d and choice ommon and medium OWE

hole ' medium ood pe choice. . mmon, medium

ommon and medium BHEEP AND LAMBS ~Receipts, 700

Lambs se ep YY 810.

horn n nos Fee fond and choice | mmon, medium.

ny > "ied Press

CAGO, Au 000, nciyding ul

Hogs—Receipts, 10, \a60 4 directs; market, steady top, $13.70 k good and choice 180-230 Ibs [email protected];, 140-160 Ibs LA $12 8071 13.98 butchers, 240-300 Tou, $12. 13.25; most packing sows, TE i lightweights on butcher orders up to $12 Cattle—Receipts, 15.000; calves, b500; rain-fed steers, steady to strong; top, 17,25, new high; 815 steers scarce; medinm good grades weak to 25 cents lower; FoR yearling and calves, $0 rass cows, heifers, 28 wi no 300 Poa "823-16. heifers, $18, ne LY 200 head Montana grassers, $8. 50. ‘Bulk, 15 cents lower, top, $7.35; vea 3h scarce, steady, 812 down LRG Rady 8000, directs; springers bulk, $11 down; ig ewes,

lower; market steady; oo BE st Hi

Ro Jin ¢

aad 1802

100- 120 bs.

wy Hn stags, " 78, Calves,

HE 11. Lambe, $10

LAND BANK BE)

22325322

2333533332 Tree

| sent actu | Indicate t

New York Bonds

By United Press

BOND PRICE INDEXES 20 20 20 Indes. Rails UML . 92a .Y 1mo nn.s P18 1018 ns Ps 12 96.2 10558 2 10009 101.2 1080 90.1 ”.3 1004 106.2 BLY 1085 1035 #654 108.8 P31 1935 10 0.3 83.0 prin By 1087, Standard Statistics Co.)

U. 8 GOVERNMENT BONDS Treasury Bonds

a0 Bonds 5.8 05.0 05.5 pis 50.6 100.% 93.4 100.2 03.3

Satarday ..... Week ago Month ago .... Year ago Two years ago. 88.7 198% 108% 1936 10368

eran

Last 108.30 09

1 105.22

101.19

00.4 101.18

101.10 TOREIGN BONDS H Australia 5s 57 g Canada 5s 52 savas 113 nada 3%s 81 .......100 ahs 65 60 ey 2 ® ERIN y

orway 4s 63 Peru 6s 60

Sean

DOMESTIC BONDS

High Abitibi 5s 53 004 Am&ForPss 2030 .... .. 80's Anaconda C 4'45 50 ... 108% B&O ref bs D 2000. .... 76% BO 4860 ........... #8 CeMBIP&P bs 75. ...... 23% ChMBIP&P 58 2000 .... 8 Chl W Ind en 45 52... .104% Childs Co bs 43 . 85% Clev U Ter 4'28 71 108%

Col OXRE 5s 61 ........100'% consu Pw 3'%as " Del&H ref 45 43. ‘a3 Det Edi 45 65......... Erie ref bs 67... Gen Stl Cas 54s 4 Goodrich 6s 45 Gt Nor 45 G 48..

09% 80 108 764

10404

108% 106 10204 86

1joia

#2 104% 126% 100

58 , T&T oy 52 "aay Int 53 ev 4's 39... Lae G br 5

* Be 4 ppine n ostal T&C b Reading 4.5 A OY Rep St] C 455 50 .... hell ro 3 $1....

Young Bat 433 Young 8&T Sos Bl...

LOCAL IS 1SSU ES

The following quotations | bide or offerings

furnished bv the brokers named (By Indianapolis Bond & Share Corp.) BONDS

Citz Tnd Tel (TH) 414% 81.. H Tel & Tel Ft W 5% H Tel & Tel Ft H Tel & Tel Ft BE Ind Assoc Tel 4'%% iH , Indiana Tel Co Br 80 Fay Indpls Railway Ins Bs 8 Liaw Indpls Water Co 3'4n Interstate Tel & Tel AH 5 BS. Kokomo Water Works oH 58 . Kuhner Pickin Co 448 49 Morris 5 & tores 5s 50 ..

Trae Term Co 5s B57 BTOCKA Belt Railroad St Yds eum ... 1} Belt Railroad & » ch pid... | Joent Ind Power is rug Ine . nd Power pf Ts Ind Gas Co eum . ind Gen Serv Co 6s... Ind Hydro Elee Co 7s N Indpls Pwr & Lt Co pfd 6s .. 0 Indpls Pwr & Lit Co pid 5'zx.. Indpis Water Co pfd 5s 10 Aneoln Notl Life ng Co com nd Pub Serv Rt vr B N Ind Pub Serv Co bid Rg ' N Ind Pub Serv pfd 5! q P R Mallory Co com mew) "a Progress Laundry Co ery Co of Ind erv Co of Ind Brith. “Alsop pfd mith=Alsop Ferre Haute Union Title Co com Van Camp Milk Co pfd . van amp MV Co com Crist & Co.) Market Bt, a3

8 ain

Inv esting corp

NEW BOND ISSUES

(By W. L. Lyons & Co.) Atl City 34s 64 B&O 4'z8 30 B FP Avery Sons Bs 47 Calif Oro Pwr 4s 86 Celotex 4's 47 Cent Maine Pwr 4x 60 Pave cent Maine Pwr 3i.s 66

1a Power 4s 68 333333 1a Power 5x 66 Houston Lt & Pwr 3's8 66 . Indpls Water 3'zs 66 Los Angeles Rev 3'ss 77 lee 3s 38 68

N y State Elec Gas 45 65 ... 90'% Y ‘Tel 3's 87 33 n orthern State P 348 67 ... KE 4s

ac Lighting 4's 45 Beott Paper Co 34s Simmons 4s 52 ' Bou Kraft 4's 56 _..... Union Elee 3%» 82 ... Union Elec 35 42 West, Chester J 67 Wire G&E 345 68 Wise Pub Serv 4s fn....1 M3133

BANK STOC KS

(By Myth & Co,

Ine Bid BARRELS TrUM .nvivivnnanna: 68 central Hanover ............. 123% Chase National yaa Chemieal Bank & Trust seas, Bl Guaranty Trust .. 3 Irving Trust Manufacturers Trust National ay Continental fll. Natl. Bk. Chi, 198" Pirst National Bk. Boston 49 National Shawmut Boston . National City Cleveland

Fire Insurance

Aetna Fire ' City of New York Federal . PREY Pranklin PIERRE Great American’ PREIRRAEIR EY Hanov PARR RRR RAY Harttord PRIN VER

ome . National ®ire ...... North River .. Phoenix

U. 8. Pire Westchester Casualty Companies

Continental Casualty .. ' Mass. Bonding & Insurance .

oa : | another Last

a0 not repre but merely ef approximate market level as

WHEAT PRICES DECLINE 1 CENT IN CHICAGO PIT

Corn Advances Fractions to 172 Cents as Oats" Steady.

By United Press | CHICAGO, Aug. 9-Scaitered selling, based on weakness in Wins nipeg and hedging sales held the wheat market in lower ground today on the Chicago Board of Trade, At the end of the first hour wheat was 5 to 1 cent higher, Corn was 2 to 1'¢ cents higher and oatls were unchanged to '4 cent lower, Wheat trade was fairly light in the early part of the session. There

+ | Was an inclination to wait for he

Goverment crop report, due. to | morrow, in which traders anticipate liberal increase in visible supply of wheat stocks. Wheat res | ceipts were 405 cars, | New crop futures met some oppo sition as a rally carried corn prices into high ground and erased early , | 10sses, September, however, was exs ' | ceedingly strong. Corn receipts weer it cars, another very light day. ,

8814 |

| WAGON | WHEAT City grain elevators are paving for Ne, [2 red, 81.02; other grades ph their merits, Cash corn, new No ot ats,

2 vyello 251%¢., Hay=-No. 1 timothy tisais 80.

October December

ARGENTINE GRAIN BUENOS AIRES, Aug. 0. Grain futures UNA irregularly lower 81.23%, off ge A Aug. 547ye, ol} Oats—8pot, 2074e, 81.34%, off de;

Corn 14e¢ Aug. Sept, ne,

LIVERPOOL WHEAT

High low, Close 1% 81.26"; 81.27 1.27% 1.27% 1 AM

open 81 2904 $12 2.2%

ree ¢ 81.27%

| Oct 1.28%

Dee

EMPLOYMENT GAINS NEAR '23 AVERAGE

Jobs in All Enterprises Show Increase in June.

By United Press NEW YORK, Aug. 9. Employment in the United States rose in June to within less than 500,000 of the 1029 average, the National Industrial Conference Board reported today, Employment in all types of enters prise and in permanent Government Bureaus was placed at 46,010,000 per« sons, only 458,000 less than in 1929, and 167,000 more than in May of this year. In June, 1036, there were 2,» 543,000 fewer persons employed, while in March of 1933, low point of the depression, total employment amounted to but 35,568,000, Unemployment was estimated at 6,082,000 in June, compared with the 1929 average of 920,000, due to ‘the annual absorption of New forges, which in the 12 months to June of this year, was placed at 582, per. sons. Unemployment in May totaled 6,200,00, and, in June of last year, 8,333,000, the report said. Agricultural employment showed the greatest month-to-month ime provement, rising 162,000 from the preceding month, and topping the 1029 level by 960,000 persons. Eme ployment in non-agricultural activie ties was estimated at 35,300,000 work ers, practically unchanged from May, and 1,418,000 under the 1920 avers age,

RAILROAD INCOME GAINS IN 6 MONTHS

By United Preas NEW YORK, Aug. 9--American railroads in the first half had a net income of more than $30,000,000 after charges compared with a net deficit of $23,285000 in the first half of 1936, the brokerage house cof Hoit, Rose & Troster estimated today, Gross revenues for the first half were estimated at $2,086,000000, an increase of $213.000000 or 11.4 per cent over the 1035 figures. It. is estimated that maintenance expenditures were up about 15 per cent over the 1036 period.

STEEL OPERATIONS OFF Bul nited Press NEW YORK, Aug. 0.--Steel works operating schedule declined 09 points to 84.6 per cent of capacity, the American Iron & Steel Institute reported today, This was a dip of 1 per cent from the previous week, One month ago operations were 82.7 per cent and a year ago 70 per cent,

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