Indianapolis Times, Indianapolis, Marion County, 14 August 1937 — Page 11

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SATURDAY, AUG. 14, 1937

THE INDIANAPOLIS TIMES

PAGE 11

COMPLETE N. Y. EXCHANGE STOCKS

+ The Times Financial and Market Page +

COMPLETE LOCAL

w LIVESTOCK

STOCKS HOLD FIRM ON QUIET MARKET; U. S. ISSUES EASE

Domestic Bonds Gain |

As Cotton Jumps Dollar.

By United Press NEW YORK, The stock market maintained its firm tone today but dullness of week-end trading pre-

vented any marked advance.

Curb stocks moved higher. Do-| mestic bonds advanced today U. S. Government issues declined.

Cotton futures gained more than |

$1 a bale, The opening was moderately

the lead and went into new highs for the movement. They later lost their zest as statistics indicated & slight decline in operating rates next week. U. S. Steel reached a high of 121% before slipping back. approached 102 and then lost gain, while Youngstown Sheet & Tube maintained a fractional advance. National Steel made a new high for the year, gaining '4« to 99% in light turnover. The week’s leader, Radio common, again was the most active issue out but remained around the previous close after an early fractional gain. Other recent leaders also continued | their activity including Socony | Vacuum, which reached Pothier new high for the year at

its

Paramount which gained Fraction | excess reserves up $40,000,000; bro- | RE

ally.

Market Gains In Week

NEW YORK, Aug. 14.—Indica-

Aug. 14, -- |

as |

active as steel shares again assumed |

Bethlehem |

un LJ

MARKETS AT A GLANCE

Stocks firm and dull. Bonds firm; U. S. Government issues irregular. Curb stocks higher. Chicago stocks higher. Foreign exchange slightly easier. Cotton futures higher. Grain mixed in Chicago; corn up 3 te 7% cent a bushel. Silver up !'< penny in London at 20 Hides a She ounce.

Week's Business At a Glance

I'By United Press Advertising—Advertising Age: Re- |

tail advertising in newspapers of 78 | major cities in first seven months | totaled 598,470,299 lines vs. 567,681,058 year ago; week July 31 off 2 | per cent from like week year ago. Automobiles — Ward's Automotive Reports: Production this week 103,250 units vs. 78,736 last week and 55,329 year ago. ‘General Corp.; July sales to dealers, in | United States, Canada and abroad | 226,681 units vs. 203,139 in June and | 204,693 year ago, seven months | 1,324,051 vs. 1,374,861 year ago. Banking — Dun & Bradstreet: Week ended Aug. 11 bank clearings | $5.067,245,000 vs. $5,838,715,000 previous had and $4,785,771,000 year ago. Federal reserve; gold stock up | $35,000,000 to record high at $12.- |g

kers and dealers loans off $32,000, |

| 000; ratio 79.6 per cent vs. 79.7 pre-

vious week and 79.2 year ago.

| Aug. 7 bituminous output 7,335,000 BuSy Nie

Coal—National Coal Assn.: Week |

Inet tons vs. 634,000 year ago.

Construction—Engincering News- |

tions that the legislative tangles in| Record: Awards this week $45 348.- |

Congress are being ironed out, thus | 000 vs.

giving hope for early adjournment,

brought slow but steady buying into the stock market this week, result-

| 000 kwh vs.

ing in good gains in the industrial |

section. Trading for light, but on Friday crossed the million-share

the most part

level

was transactions | for |

the first time since July 20 and there |

was more confidence apparent in the

rising market that has been predict- |

ed for fall.

Leadership swung back |

into the “blue chip” division—steels |

and some of the chemicals running into renewed demand—and this also created a more favorable impression. | Various individual situations de- | veloped to aid the market.

Early in |

the week export copper rose as high | | July output 392,734 tons, record high,

as 15 cents a pound—1 cent above the domestic price—and this led to a lift in all nonferrous metal shares. The price later sagged about ': cent

the issues. : Motor shares picked up interest

| VS.

$44,041,000 last week and! $41,282,000 year ago. Electricity—Edison Electric Insti(tute: Week Aug. 7 output 2,261,725,2,256,335,000 previous week and 2,079,137,000 year ago. Failures—Dun & Bradstreet: Week ended Aug. 5, 156 vs. week and 14 vear ago. Indexes—Dun & Bradstreet: Week ended Aug. 11 business activity 99.3 per cent of estimated normal vs. 99.8 previous week and 91.2 year ago; food index week ended Aug. 10 unchanged from previous week at $2.90 $2.82 year ago. Moody's: Week ie 7 business activity 110.3 per cent of 1928 average vs. 110.8 previous week and 98.4 yoar ago. Newsprint — News Print Service | Bureau: United States and Canada |

347,988 year ago; Canada July output 314,529 tons, record high, vs.

274,627 year ago; United States 78,- | and some profit-taking developed in

late in the week on the Ward Auto- | feet vs. 286,344,000 feet by 561 mills |

motive Reports of production at

103,250 cars, compared with 78,736 in |

the previous week and 55,329 in the |

corresponding 1936 week. This will

carry August production to the high- |

est level in history for the month of a model year. was prominent on the gaining almost 5 points. Steel production eased almost a

point to 84.6 per cent of capacity in

advance,

final | Chrysler | | high, | gasoline stocks 69,216,000 bbls. off 1 1,656,000.

the schedule forecast by the Ameri- | can Iron & Steel Institute, but vari- |

ous private reports at spoke of the excellent prospects for strong buying this fall. Railway

midweek |

equipment demand is picking up and | there are hopes of increased demand |

from motor car makers for new models within the next two or three weeks. : jssues rallied to show gains around a point for the week. Rails were under the restrictive

After a laggard start steel | Hg on

| Citz Ind Tel

| Indiana Tel Co | Indpls Railwav Ins 5s 87

influence of wage negotiations w ith |

the operating brotherhoods which | are demanding 20 per cent crease. But Wall Street believes a | compromise will be reached at | around 8 to 8': and that possibly the higher freight rates to offset some of the increased labor costs.

m- | |

per cent pay vise | Interstate | Commerce Commission will grant 0 H Water Works 6s

This |

brought some late buying in the |

division although carloadings for the week showed around 12,000 loss | from the previous week. Gasoline in storage declined for the 17th consecutive week despite a further record high in daily crude oil output and brought some buying into oil shares, Socony Vacuum becoming one of the most active issues | of the week to reach a new high | for the year. Radio was the active stock after the good earnings report. Other favorable reports were General Motors Corp. of Record July sales; U. S. Steel report of the best July shipments since 1929; Anaconda Copper, $122 per share for the quarter against 35 cents. Cotton featured commodities, dropping to lows since 1933 on the high Government crop forecast and then rallying late in the week on prospects of a 12-cent Government loan on the crop.

POW JONES STOCK AVERAGES

30 INDUSTRIALS 40.35

Yesterday 41.65

Week ago Month ago Year ago .. High 1937, 194 40; low, 165.51.

High 1937, 184.90: low, 143.11. 20 RAILROADS

40.19 40.11 |

10.24]

40.3% 40.31 | -0.06 —0.25 |

Yesterday Week aro Month ago Year ago .. High 193%, 4. 16: low, 50.17. High 1936, 59.89: low 40.686. 20 UTILITIES Yesterday ..cevesverreenanans 29.11 Week ago 28.92 Month age .... 28.1% Year ago .. 31.76 High 1937, 3%. 54; low, 25.45. High 1936, 36.08; low, 28.63.

70 STOCKS

40.11 | 0.08 |

Casts ataatERRRER ELL

EEE EEE

4.0.26 + 0.47 + 0.33 +-0.20

61.80

Yesterday (64.54

Week age Month are Year ago High 1937, 69.67; low, 57.5% High 1936, 66.38; low, 51.20.

EE Lesa teBsReRE NREL

EE EE

| !

I 3 IN N

| Bub Serv Co of Ind 8s Smith-Alsop

+098 |

40.11! Yea | Expenses 3 53h. dn i. 74 8 —0.01 | Receipts 40.03 | Deficit

-0.04 | glearings Debit

205 toms vs. 73,361 year ago. Lumber—National Lumber Manu- | facturers’ Association: Week July 31 | production by 519 mills 266,041, 000 |

previous week; shipments 266,735,000 vs. 257,463,000; booked orders | 250,156,000 vs. 236,736,000. Oil—American Petroleum Insti- | tute: Week Aug. 7 crud2 output av- | eraged 3,651,150 bbls. daily, record vs. 3,591,000 previous week;

United Press)

LOCAL ISSUES

The following quotations a0 not represent actual bids or offerings but merely mdicate the approximate market level as furnished bv the brokers named (By Indianapolis Bond & Share Corn.)

BONDS

(TH) . H Tel & Tel Ft W 5les 55 H Tel & Tel Ft ye Bs 43 Ind Assoc Tel 4lis 85 5s 60

(Copy Tight, 1937. by

4% 61

Indpls Water Co 3los 66 Interstate Te: & Tel bHlus 53 Kokomo Water Works 5s 58 Kuhner Packing Co 4'es 49 | Morris 5 & 10 Stores 5s 50 Muncie Water Works 5s 65 | Noblesville H L & P 6s | Ohio Tel Serv 6s 47 Richmond W W 5s 57 Seympu Water Co 5s H Trac & L 5s 44 H Water Works 5s S 4 Trac Term Co 5s 5%

STOCKS

Belt Railroad St Yds cum $ Belt Railroad & St Yds pfd. .. ! xCent Ind Power nf Ts - | Hook Drug Inc xCent Ind Power bf Ts Ind Gas Co cum Ind Gen Serv

. 61 N Ind Pub Serv Co pd 6s... Nf) Ind Pub Serv Sas 0 Indnis Water Co ptd 5s 10 Lincoln Natl Life Ins Co com 0s ub Serv Co of Ind Ts Ind Pub Serv Co pfd 6'2s .. Ind Pub Serv pfd 5%s ... | PR Mallory Co com (new) Progress Laundry Co

Pub Serv Co of Ind Ts pfd Smith-Alsop com Terre Haute Elec Co 6s .. Union Title Co com

Van Camp Milk Co pfd Van Camp Milk Co com YM Crist & Co Market st. t. Investing Corp 3

NEW BOND ISSUES

(By W. L. Lyons & Co.) Atl City hy '64 B & O 4's '3) BF Avery , Sons’ 5s bt Calif Oro Prw 4s '66 va Celotex 4las 47 Cent Maine Pwr 4s '60 Cent Maine Pwr 3lis Sib G & = Jas '67.. CMO 23% Sri v, Fla Power “ss %e...... on Fla Power 5s '66 . on Houston Lt & Power 314s 66. . Indpls Water 3!:s '66 " Los Angeles Rev 3lis Narra Elec 3'2s '66 . N XY City 3s 11 Yeu N Y State Elec Gas 4s '65.... NY Tel rhs 67 “ia Northern State P 3'5s '67..... Pac Lighting 4'%2s '45 Scott Paper Co 334s ' Union Elec 334s '62 Union Elec 3s '42 , ‘Chester 3los * Wise G & E 3's '66 Wisc Pub Sve 4s '61 ....

U. S. STATEMENT

WASHINGTON, Aug. 14.-—Government expenses and receipts for the current fiscal | year through Aug. 12, compared with a year ago:

£01, 6 101 3 53 11%

35, 87 37.83

Last Year 682,609,425.56 SY 415.68 Cash bal Work bl

Gold res Customs urehise 8

Today Tot Irate Gold ¥3s. 8. on 2 $1. 213, 880. 457 X)—New High,

12,503.3 07,158.27 5.98 7.270

INDIANAPOLYS CLEARING HOUSE

Ss Clearin; ® ‘for Week .

Motors

| Bklvn MT pf

| Chi Pn Tool cv

By United Press

Adams EX gums Mil h TeSsoErap . Air Reduc 12

Alaska Juh ....

A Chain & C Pl 30 Am Colo . 18% Am Com Alc. . 24% Am Crys Sug... 2% pm Enc Ti ... 8% Am & F Pwr . 94% A & F Pwr $6 pf A & F Pwr $7 pf A & F Pwr 2 pf Am Hide & L . Am Am Am Am Am Am Am Am Am Am

Doing Al Br . 457

, and | 497,000,000; circulation up $15,000,000; | Borden L243

. 493, . 185% . 47% . 38 . 227 . 681, 173% 18% « Ath 10 87s 34 a 57 : 207 Nur . 18%

org- “Warner gept Brass Briggs Mfg | Bristol-Mv .. Bklvn MT

Bklvn & Q pf . Bruns-Balke ..

Budd Wheel Bower Roller Br Bond Stores Ine Bulova Burroughs Bush Term , Butler Bros

| Butler Bros pf

Butte Cop Byers A M

Cal Packing Callahan Zinc Calumet & H «

. | Campbell Wy 158 previous ' C | Can Pacific

anada Drv

Carpenter Stl . 32 Carriers & Gen ug

| Caterpillar T | Celanese

ex . Foundry

| Century Rib | Certain-teed . | Champ Paper .

Ches & Ohio ChicGtW Ry Chic GtWRy pf Chi Mail Order ChMStP&P pf Ch&Nw Ry Chi Pneu T

Chi RI&P 17 Chi Yel Cab Childs Chrysler Sity. 1& F City Stores 8 Cleve Gianh Br 8 Cluett Rte Pop Colgate pf <3 5 al}

d B 2 | Got Fuel % Iron Colum Gas 13 1 Pictures vtec Com Credit 66 com Inc Tr om Solvents ay: | Cong-Nairn ons Sagar cons

377 cons Batson’ pf 1081, cons Film 3 V4 Sons Film ib . Oil > Son Textile Container . Cont Bak B Cont Can Cont ot 3 Cons Aircraft . Cont Oil Del . Corn Prod Coty Crane Co Crane Co cv pf Crane Co cu pf 1167 Crosley Rad . 20% Crown Cork Crown Zeller 2 Crown Zeller pf ¢ Crucible St 7 Cudahy Curtis Curt Pub nf Curtiss Wr Curtiss Wr A .. Cutler Ham

Davega Strs Davega cu nf Co

15%, 19 139% «81 . 381% . 16% . 81 v.28 . 18% 24 h 38'% 38% 42 41% 58 58 1641, 164 fe Saas a

u Pont

East R Mill ... East Kodak .. Eitington Sch .. Elec Auto-L ..

El Paso Nat Bas Eouit Bldg ..... Erie 3 Erie 1 Erie 2 nf vay Eureka Vac ....

| Ped Mot. Fed Screw

Freept-Sulphur

Gabriel A Gair Robt “ Gar Wood Ind. .

Gen Thtre Eq. . Gillette S R ... Gimbel Bro ...

odr Good Good Good Gotham Hos .. Graham-Paige . Granby ve Grand Union .. Granite C Stl . 3 Grant TT...

Gr H Greyhound Cp

Hall Paint Ham yaseh

Herc Mot . 35 Hollandr "x Son 24} Houd-Her . Houdr-Her H .. Houston ol wai Howe Sou ve Hud & Re ' Hudson Motor . 18% Hupp Motor ...

Debits for Week vevsvivevsseees $41,981,000

Ill Central .... 284% Ind yon ... 39% Bn

Net Close Choe

CHEE

I+ +++] po AIT |

[+455]:

THF]

I+]: [++] Ere =

| Interlake Iron .

15 MOST ACTIVE STOCKS

Net Close Change 11% 12% 23% 60% 121 39% 21% 118% 28% 40% 50 3 9 61% 0%

High Low Radio Corp Am 11% 11% Armour Co ~IR% In Socony Vae . WK WK Gen Motors . 60% 39% US Steel ...... 12% 120% 39% 21 118% 28% 39% 69% R% 8% 631% M%

+ % % a 7% 119% 4 23% 10% wo 3 YD . 613%

Zenith Radio .. Stand Oil N J Commonw S O. Packard U S Rubber ; Wilson a Transactions approximated 470,000 shares compared with 310,000 shares last Saturday. Curb transactions 116,000 shares compared with 68,000 shares last Saturday.

Net High Close Change

Ingersoll Rand .139 38. “+ 2 fniana Sti L120 y ; + Inspiration Cop 2(" ‘ A nter RT ..... .™

1 | ae

interchem

| a

Int int Int

Agric Agric pf Business Harvester . Tyd El A .

» Eas

Nan

Jewel Tea Johns-Man

vv 80% 68% A137 13% i

Kalamazoo i) Vv. 3dVe

5 21 Kroger G & B 21%

| Lane Bry

FINAL NEW YORK STOCKS

High Lone Star Cem ’

Close obunge | 56

7 28% 21% 21% 33

+ 8 -—

Mack Tr .. . 46% Macy R H_.... 48, Macy R H Rts 3 1-16 Manati Sug 67% Man El mod gtd 10% Man Shirt .... 20 Mid Marlin Rek ... Marshall Pid Martin Gl Martin Parry .. Masonite Corp Mathieson . M Ss

48/4 46% 1-18 67s 10% 20 Marine

ve a Molntoie Pore. 35% McKeesport . 36% McKeson&Robb 14 McKsn&Rob pf 45% McLellan St 14, Mengel ves 1184 Mesta Mach ... 63 Miami Co! . 2034 Mident ePt “Sa Midland Stl . 46% Minn Moline 141% Minn Mol pf . 106%

Ys |

| Mo-K

' Nat

N_ [NYC &

Mission Corp Mo-K Tex

Monsanto Mont Ward Mother Lode

| Motor Prod

Motnr Whi Mueller rB Mullins Mfg B Murray

Nash Kelv Nat ond Cash Reg Dairy ' Dep St pf.. Distillers oy ypsum

ad Mal&:Si 1 Pwr & Lt Steel Supply Rup pf

Ind entra) .

ry WG C 5. 1

> SL H pf No Amer y Amer nf .. Am Ovin Pacific

* | Ohio Of

0 Oliver Farm Bq i . 1f

® | Omnibus

Link Belt Lig Carb Loew's Loft, Inc

CWeeeas

Abbott Lab .. Advance Alum . Allied Products Armour & Co . Asbestos Mfg

Stocks

Close BN

19 12% 2

21 9% 43 49%

Low 403

Cent Cold Stor Cent Ill PS pf Cent Ill Sec . Cent & SW Ut Chgo Corp Chgo corp gv pf. Chgo N W . Cities bor

| Otis Steel 21 | Owens Ill Glass 1090;

| Pac Am_Pish | Pac C El Pacific Mills Pack

Comwlth Eason

| Proctor & G | Public Serv

Otis Elev 3% 21% 1021; vam iy 313 30" ackard 9 Paraffine Co . Paramont Pic

DS 0S a

Patino Mines beetles enney Penn D Cem Penn R

ad WA FAAE A ABAD

JBI OD ee JBI

i » a SIT I Ut IIBINS Be a LOTS D0 FD

Wr fe SNF a

Press Stl Car Press Stl 2 nf

DRINI DD Ahr SI art LJ DVB DID ONS DD-TDNr T3083

| Pullman : | Pure Oil

| Radio

Radio pf N

* | Radio-K-Or

Iron Fifeman Jarvis Joslyn Mite & Sup

jon Oil Ref .. Marshall Field

Wes Midland United Nat Standard Noblitt-Sparks No'west Bancp Peabody Coal pf Wiront

Reliance Mfg Rollins Hos

| Silver King

Serrick =n B

rian Radio Prod Utility & Indus Wise Bk Shrs .. Zenith Radio

Curb Stocks

Net High. mY Close Cis Alum Ltd 124 124 “+ Alum Co Am . 159'; EH 1501 Am Book . 683 63 Am Cyan B 36% Am General 8 Am Maracaibo . Am Super Ark N Gas A Austin Silver Bald Loco bd rts Bardstwn Dis Bellanca Air Berkey Gay de

LINC

RR RRR ITT

PEE

FEA AANA

PRT ry

Carrier Corp . Centrif Pipe .. Cities Serv Cities Sorv pf Con Cop oy. '

8 C3 =. » BI BND Te Do. WP - aN Aue >» = Fd

Gry Ir Fdy Eagle TBicher

Ny 0D

— - = @ Nes

| Sharp & 10%

| Sym-Gould xw

03 et ptt De BD 20D ADIL Fe arra™

—

Technicolor Tilo oot . 4 Un & Pwr A H Wright Soars ©

BANK STOCKS

(By Blyth & Co., Inc.)

13% 87

6% 8%

al Chemical Bank & Trust Guaranty Trust .. Irving Trust .. Manufacturers Trust National Cit, Continental 111 Natl, Chicago. First National, Boston National Shawmut, Boston .. National City, Cleveland

Fire Insurance

5 138% . BO . 30%

Aetna Fire City of New York Federal . Franklin Great Smeriosh Hanove Hartford H

ome National Fire ... North River ...

. 8, Pire Westchester Casualty Companies

Sontinsntal Casualty ... v Mass Bonding & AnErAnCe |

_FooD PRICES

neo: NE. 14, — Bweet Potatoes — a Car-

2 . 62

gan, flat era 50c. nion (oc b. Sol ss dl Eu sin, ve 8, - fornia, yellows, 8 Lod.

. Real Silk

Reliable Stores Reliance Mfg Co Rem-Rand 26 RE Rd pf ww Mot Republic

Stl Revere Cop Reyn Spring Reyn Tob (B) Ruberoid .

Safeway St Joe Lead St L S Fran pf Savage Ar 21 Schenley Dist Schulte 15% Seabd Air L 1% Seabd Air L pf 5 Seabd Oil 40 Sears Roebuck i

1039 4 10 Ya 13% 261; 104%

6034 6a 28%, 45%

Ss 37% Sharon Ss i pf 106% 135% , 2634 1041, a

Shattuck Shell Un Oil Shell Un pf

perry Corp picer Mfg piege] Ine d Brands ..

Sunshine Min Cuperhtr Superior Oil Superior St] Swift 0 Syming-Gould 14

Tenn Corp 147%

Texas {7 Broc : 0 ro

Timk-D Ax Transamerica Trans & W Afr Tri-Cont Truax Tra 20th Cent-Fox . I 20th Cent-Fox Twin Cy RT . Twin Coach

Und Ell Pich Union BAP .. Union Carb Un Oil Cal . | Un Pacific | Un Aircraft Cp Un Afr Lines

IRIN DBD DARD JID De 3 ER

3 WD

ac = 03 BIND + Bh Tere 2D =F =

PAOD GRAB ADE & 2

3 ass ah Ee TF 1-4

aw a - aaa a Gh

— I ek Ct et Ct et pk nk JE et SF La

Yt CN kt Co kk pk pt

te aus DPD BE CONS 32 Pr No

— Det tt a BND rt RIO a @ @ = -

SESFS oe La KN

—

gogaaaaaaaaaq

Vanadium Van _ Raalte va-Caro Ch ... " va-Oar 6 pf ... 50% — an

Wabash

WOW - - > a =

BLY eed ee BI Hao SEeE de

>a MD -IWWIDIW/AD BAD BE Tuas x

th ve orthimRtOn ve Yellow yn ' Jount ne . Youn roe vi

Zenith Rad .... 0%

| to $17.

| tical top was $14. sausage bulls were $7, with the clos- |

a | (1100-1300)

a | BPLIng Lambs— Cho ice

PORKER PRICES DROP 15 GENTS IN LOCAL TRADE

On All Weights as Demand Softens.

Friday's advance in hog prices wes lost today as demand turned soft. All weights barrows and gilts deciined 15 cents, carrying the top figure down to $13.25 on choice 200 | to 210-pound weights, according to the Bureau of Agricultural Economics, U. 8 Departmen of Agriculture, Receipts were small, estimated at 800 head, Sows declined

| 25 cents to bu'k at $10.75 to $11.75 |

medium, | $3,180.000 against $2,620,000 last Sat- |

{on good Kinds, while grassy descriptions turned at $9.75

| to $10.50. The past week saw hog |

prices hammearad sharply and clos-

ing levels are 40 to 65 cents lower, | the high time, which was | 3

From Monday, when a new 11-year peak was established at $13.75, the down- | turn was greater. Sows lost 25 to |

* | 50 cents for the week,

There was no trading in cattle to[Sa Compared with the close of last week, good, choice and prime

"34 | steer 's and yearlings are strong to | n,

mostly 25 cents higher, Common

and medium grades ended steady | with common | Mm light grassers showing the full 25 | Good and choice

| to 25 cents lower,

cents decline.

heifers are steady, with common

*| and medium grades fully 25 cents | Cows are steady to 25 cents |

| lower. | lower, while bulls and vealers are | unchanged. Stocker and feeder cattle closed steady to 25 cents off. The | practical steer top for the week was

| $16.60, although odd head sold up Most of the strictly grain- | ranged | 3 Outstanding | :

fed steers and yearlings from $15 to $16.50. | heifers brought $15, but the prac-

| ing hish on vealers $11.50. Common | to medium stockers sold within a spread of $6.50 to $9.50.

Receipts of sheep and lambs wore |

| practically lacking today with no trading reported. Comparcd with the close last week, good to choice lambs are 25¢ higher, although lower grades show advances of un- | evenly 25 to 50 per cent, lenient | sorts considered.

Receibis 4000

$13.40 13.65 13.406 13.65 13.506013.7% 13.257013.50 12.95%013 20

13.006213.25 Light Lights { (140-160) Good and Medium Lightwelghts— | (160-180) Good and Medium (180-200) Good and Medium Medium Weights (200-220) Good and (229-250) Good and | Heavyweights — (250-290) Good | 1200-350) Good | Packing Sows | (275-250) Good (350-425) Good (425-450) Good 1275-550) Good Slaughter Pi (100-140)

choice $11 85741!

11.35 1

choice . 12.757 13 choice 12.5011 13.

13.0061 13. 12.756013.

12.0561 12.0 11.506:12.30 |

o 11.006:111.75 oo 10.756111.25 | + 10.596 11.00 | [email protected] |

10.8541 12.15 10.35% 11.85

choice . choice

choica | choice |

ood and choice Medium CATTLE —Receipts, 100 Steers (550-500) 54.16.00 2561 14.50 |

Choice Good Medium yey Common .. Prime Choice ... Good Medium Common Prime Choice Good ' Common .. Medium Prime Choice

(000-1100)

(plain) 18

| (1350-1500)

(550-750)

Common . Good and choice . Common, medium

(750-000)

| Chotce Good ve Common medium " | Low cutter and Sutter | Bulls, good Cutter. com ' | Bulls Good (beet) y Cutter, common and medium . Vealers Receipts, Good and choice Medium Cull and common Calves (250-500) Good and choice . Common, medium Feeder and Stocker Steers 1500-800) Goce and choice on, medium (800-1050) Good and choice Common, medium

100— . sip 50a 1

0.004 11.00 7.006.000 Cattle

8.00@ 10.00 6.5000 8.00 | 8.006110.50

Helfers— Good and cholce Common and medium Cows Good ' Common and medium

| SHEEP AND LAMBS Receipts, 25

$11,004 11.25 | . 10.506111,00 9.006: 10.50 8.006, 900 |

4.000) 4.50 | 2.30@ 4.00

7.00@ 8.50 5.75@ 17.00

: 257 8.25 | 4.715@ 5.25 |

Shorn Ewes - (90-175) Good and choice Common, medium

By United Press

CHICAGO, Aug, 2000, including 1000 directs, Market nomthally gloady at $13.60 for top hogs. Cattle | ‘Recei 00; calves, 100; market, steady, Grain fed steers and yearlings, 25 to 50 cents higher; shortfeds and weighty steers steady to cents lower; cutter cows, strong: bulls nid vealers, steady: extreme steer top, $17.60, highest paid since 1028; 3 >: yearlings to $17; 707-lb. heifers, Sheep—Receipts, 7000, Market, steady. Sorin lambs, steady to 15 cents higher; 11.50 for week; at top, $11.35, bok natives, sei slaughter yearMngs, LI i few Bb, op slaughter 5.15: 7 ' 0;

closing feeding Tams. Vio dso 34 — oge—Market,

LAFA Tog Hey 200: 1225 ifs Ti 15; 225-280 Ibs, $12.75 12.90; Ibs., $12.30G 12.60; 285-325 Ibe. 2 0012.15; 170-200 Ibs. $12.006013;- 150-170 Ibs, $1212 80; 30-150 Ibs, $11.50611.75; 100-130 Ibs. 2. 2. 1

Hy wake & roughs, $11.25 down, Calves 1 1 1 1 a

14, — Hogs -

~ Market ig 7 0- 180 Ibs 90; 225-2

3 iba 80 375-303 95; 150- yy Jos. 2; 130-1 100- i a ‘$0.25, alves,

~$10@10 Lambs ys 10 ao. $1

1 stags,

: Ibs. ™ : 00180 1b%., : a, $10.50; 50, Lanihs, $10.50,

COMMODITY PRICES

COTTON

0.7 t 10.69, ot 5 NEW ORLEANS High Low

Low Close 8.30 B34 8.31 8.20

a 8.31

Market Declines 15 Cents

Late top on |4

6.30@ 8.00 |

Receipts, |

, | Poland

New York Bonds

By United Press

BOND PRICE INDEXES 20 20 20 Indus. Rails Util na my 21.8 101.9 on. 102.0 93.5 ma 958 1058 "a 30.5 101.1 70.3 20.1 938 LER 1004 106.2 100.2 84.5% 108.5 93.3 1935 86.4 103.6 93.1 1935 .. 83. 51.0 $9.3 83.0 (Copyright, 1937, Standard Statisties Co.)

10 MOST ACTIVE BONDS

Net Month Year Close Change Ago Ago Rep Stl 4%s 50 178% 1149 Seabd 6s 45 . 18% 9% | Seab All Fla 6s 35 101% 4% CMSLP&P 55 2000 8% me Erie 58 Y95 .. kL Yngsth 3% 51 150% Chi R Isl 4% 60 11 Chi NW 4%s 49 , 16% Grt Nor 4s G 48 130% Pa P&L 44s 81 102%

Bond

Yesterday Week ago Month ago Year ago Two 1937 1936 1938

«No ves . Ny . Nb years ago. 89.3

05.8 05.3

16%

- % Wow

124

12% 120

transactions approximated

vrday.

8. GOVERNMENT BONDS Treasury Ronda Low 105.28 106.18 106.24

1043-40 June .. 1041 Vvy

5 | firmness in corn, 3 | toward the close, however,

2 | 2 1060-55 v.

De 33 pe”

September 314s February 2%s March 3s 1038 ' June 2's 1037 . September 2'.s 1038 Match 1'2s 1039 ' June 2'%s 1639 . | September 1%s 1039 December 1%s 1030 March 1%s_ 1049 . .. | June 1's 1040 December 115s Di | March 1'%s 1941 June 1%s 1041 December 174s 1041 1%s 1042 100 18

March Land Bank Bonds Bid Arked 07 01

ara risa Sisk s DVVIVDIIJIDIVJPODD 3333332 33[2=2 Bd et pt ent 13 et et £3 BID BD BIRO Wr WBMWD POD 2D

Issue Yield July 584 Jan

1065-45 3s { "

5 Nov, Federal Farm Mortgage Bonds 1047-42 103.25 103.25 1040-44 102.28 102.28 Home Owners Loan Bonds 1049-39 100.31 100.28 1052-44 102.22 102.22 DOMESTIC BONDS Abitibi Bx 53 (M) . PD% | Alleg Corp 5s " ; . 88 | Alleg Corp Bs DY Am & For P By 2030 .. ATTdeb H's 43 112 Anaconda C 41,5 50 | Atl Coast L 4'zx 64 .. Atl Coast L 45 52 BEC" B&O Beth Bt] Be 80 |T R & P con 4'5 57 0 | Can Na Ry Bs Oct 60 Can Pacdeb 45 verp Cent 111 El 5a 51 “ | Cen Pac 53 60 | Ches & Oh 345 96 Ch & O 3'25 08 E Chi East IIl 5s 51 | Chi In Lou gn 5s 68 ChMBtP&P 5= 75 | ChAMEtP&:P 5s 2000 Chi N W 3%s 49 Chi R 1 4'55 60 { Chi Un Bta 3%s 63 4s 52 1

2%s 3s

nn 85

ons - Sony Edis 3725 56 . Con GNY 4'.5 51 | Cons Pw 35s 70 { Crane Co 3'as 51 Dayt P&L 35s 60 {Del & H ref 4s 43 | Beh Rio GW | Eri e Ref Bs 15 | Erte ref Bs 67 ' | Flor E Coas 55 T4 . | Gon M Ac 3%s 51 Gen M Ac 3s 48 | Gt North 4'zs E77 | Gt Nor 45 G 48 | Gt Nor 4s H 48 Hud Man ref 55 57

[7 95 | I11 Bell Tel 1348 70 Ne 1: 5 | Cen ref Bs B53

L_4%48 66

4 | mixed,

10 7a 111% 108 107%

140%

Argent 4,8 101% | Australia 5s Canada 58 Canada 4s 60 .. Canada 3's 61 . Cuba Blas 45 Italy 9 ‘eT Japan a8 Norway 4s 63

FOREIGN EXCHANGE

NEW YORK. Aug. 14. Closing foreign exchange easler:

80 '4 100%

Net

ngland (pound) 4 En 2. (6 (60-d. bill rate) . Canada (dollar) ..... France (franc) Italy (lire) Free Belgiim (helga) Germany (marx) Germany (travel mk) Switzerland (franc) Holland (guilder) Bpain (peseta) Bweden (krona) Norway (krone) Denmark (krone) Australia (pound) Austria (shilling) Czechoslovakia $kor.} | Finland (markka Gireece (ACh) Jugos'avia (dinar 02: New Zealand (pound) 4.02% (zloty) ' 3 ortugal (escudo) umania (leu) | Argentina (offl. peso) Argentina (unof, peso razil (offl, milpein) razil

tunof, milrets) hile (peso) Peru (80l) Truguay (peso) “a ’e apan (yen) 4.0002

£000 2010

Bonds | 05.2 | 05.2 |

‘| At the close wheat

5 gals through

| $1 0B 1.01

SAFE DEPOSIT BOXES

* The =» Itdiana National Bank

of Indianapolis

WHEAT PRICES EASE 1 GENT A CORN ADVANGE

Leading Cereal Bids Drift Lower Under Scattered Selling.

By United Press CHICAGO, Aug. 14 —Wheat prices drifted lower in a dull trade today,

% | | (on the Chicago Board of Trade un

der scattered selling weakness in foreign markets. A | little hedge selling added to the | pressure on the market, was 4% to 1 September $1.11; corn was unchanged to % cent higher, | September 0814 cents, and oats were unchanged to '4 cent lower, Scpe

tember 20'4 cents. Prices opened with small net losses in response to disappointing (| Liverpool cables, but steadied somes what on buying brought out by Selling increased and final | prices were around the low point for | the day | Speculators were disappointed by | the fact that there has as yet been | no great demand Jor wheat for ex= port. Countries abroad show little | apprehension over future supplies, | Broomhall said, in view of the fact that United States, Canada, Russia, India and the Danube countries are offering wheat for nearby shipment, Corn prices moved upward with September gaining 2 cents net, while new crop months gained about half as much. Small offerings of the | nearby delivery seared shorts inte covering and new investment buy= ing was inspired by an absence of rain over much of the corn belt, Prices were unable to maintain their the close, however,

CHICAGO A

When te Sept Dee May

inspired by

| cent lower,

| Sept Dee May Ryese Bent Dec | May Noy Beanwe Oct 0a 4 Dee 07

02 | May

Lard | Bept | Oct | Dee

(a)Aek, (h)Bid

CASH Wheat (New) No. 2 red. $1.18! red, $1.13! No, 4 red, 81 064a 1.00" 5 red, Ru 03; sample grade red. | @1.15%; No. 4 hard, $109, 61.00% 5 hard, 08'[email protected]; sample grade | 96¢, No. 5 hard tough, $1.00 | garlicky, $1.13 0.3 red $1.12%; No. 2 mixed, $1.15; No. | $1.08'%; No. b fixed. 0B Vac 81.02, | Sark hard, 81.18; No Jor No y No. No 3061 32¢ ; No Feed of 65% 84¢c_ nominal salen Clover Beed Uhduoted | Beed 82.502 60. Cash Provistons—Lard, | $11.62 nominal; loose. $11.90 nominal; leaf, | $12.37 bid; belites, 816 ih nominal,

LOCAL GRAIN

CABH weak: receipts

No. 2 mixed, 306 39¢ | sample arade 284¢: | 30 No. 2 white 38 + 31) Rye Ha riley

206i Soc

4 mixed, 319 a

white

nominal: Beans--No Timothy

| Wheat--Market, loads, No. 1 red, $1.05 1.07 No. 2 red, BlU4' 501.06; No. 1 hard »l.05 Ii No 2 hard, 81.04',6.1,086' Corn Mars ket weak, receipts, 18 e¢arloads: No white, $1,016 -08'%;: No. 83 white, PB, 0 | 81.00%; No. 4 white, 6 D8 sc; No yellow, 00! seal 01; No, 3 vellow, 07m Pole: No. yellow, ERUPT AAP 07% . Phe: No. 8 0 s mixed, 0346 be strong, receipts, 47 carloads, 2M@28'%¢c; No. 3 white, 266270,

18 cars

| DTVae: | ket white

WAGON WHEAT

City grain elevators are paving for | 2 red, $1.01 other grades on their merits, Cash corn, new No. 2 yellow. 00¢. Ontls, 26'g06, Hay-=No. 1 timothy, $15@ 15.50,

LIVERPOOL WHEAT

Nb»,

Prev, Clore $1.28'a 1.29'n 1.27%

Oct Mar,

WINNIPEG WHEAT open Chaues $1.30 Ll 20

1.9m 16

October December May

INVESTING CO.

(By N. Y. Becurity Dears Assn.) 2 | Adm Pas 19.50 20.75 KystOPd2 26.95 20.54 | Atfil 1d 10.63 11.71 In Gp Shs 158 1.71 | Am H Cp 28.50 30.50 Inv fd 16.11 17.00 Am Bus 1.38 KystCFK1 24.10 | Am Cen 121 7 OPK2 20.79 | Ban Bl 0.50 CVFR3 20.42 Bas Ind CI'B2 30.08 32 Broad St Md Fund 5.00 | Bull Pd Mass, Inv 20.04 ! Mit In Pd 18.80 Can Inv KystOP84 12.80 | Ont] She

Natl Inv 7.78 Cp Tr Bh AA

30.32 24.37 2 27.40 5.05

13.056 £0.00

7.04 ie Be 4.58 108 . 2.18 a2 cum NY re Yd 10.55 21 02 "" AA md

> md

Found Pd In Ine "3A

210 088 5 a North Bee

own =a 3

Wy ~

Har

A kt tk BIA BY AFT ID ——d WI

tate ®t 120 00 125 00 BiUp Cp A 4.2% dy "DE 4.40

8.00 281 2.81 Superd N 1488 18.1% Trat hd, 1.73

Cen Cap . 4 on In Tr Grove Securities ne Agri 2.10 Bup AA Auto "BEY Bldg Ohem Pood .. Merch

Min RR Eat eel 21 ho Shs. 1 a Hu Op Ine Invs 28 01

MONEY MARKET

NEW YORK, Aug. a “Money rates res

mained unchanges toda anker's Acceptan 0h aavs 1 7 16% f we Jommereinl Paper—Prime names, 1% ime Money -<80 and 00 aavs, 1%": 120,

and 90 davs a 187%: days, 0-160: 150 and 0 days 0-18% 150 and 180 days, 1%% Rediscoint ate at New York 11%

WWW Da See

7.80 .. USELAPA 17.25 11 i

73 on well Pd. 1801 2 4

EP DADIVANY BY WRI IDIRIRT-2D

memeen FEDERAL DEPOSIT INBURANGY CORPORATION