Indianapolis Times, Indianapolis, Marion County, 16 August 1937 — Page 11

MONDAY, AUG. 16, 1937

COMPLETE N. Y. EXCHANGE

STOCKS w

STOCKS DECLINE MORE THAN POINT AS BONDS FOLLOW

Industrial Shares Drop More Than Two Points.

By United Press NEW YORK, Stocks, bonds and major commodities declined today light trading. Prefit-taking came into stocks on reports from London of irregularity there, ocasioned by nervousness over the Far Eastern crisis. Losses rang- | ing to more than 2 points appeared against industrial leaders, but there was no selling pressure. Cotton futures dipped on uncertainty over the crop loan. Sugar futures were weak. Foreign exchange markets were nervous as result of the Sino-Japanese situation. Trading in the Shanghai dollar was suspended in London. The currency | broke sharply eliminating the recovery. Steel shares led industrial stocks | lower as the American Iron & Steel | Institute reported this week's operating schedule at 83.2 per cent of | capacity, a decline of 1.4 point. U. S. Steel broke under 119 for more than 2 points loss. Youngstow n Sheet & Tube lost almost a point | while Bethlehem, Republic and | Crucible Wippee Ersconsty.

Today's Business At a Glance

GENERAL BUSINESS

Dominion Bureau of Statistics re- | ports week ended Aug. 7 Canadian carloadings 47.749 vs. 49,608 previous week and 46,471 year ago.

Rubber Manufacturers Association, reports July crude rubber consumption 43,250 long tons vs. 51,798 in June and 48,250 year ago.

CORPORATION REPORTS

Abbott Laboratories, six months ended June 30 net profit $865.335 vs. $677.570 year ago; 12 months net profit $1,603,041 vs. $1,286,827 preceding 12 months. | American Stores Co. and subsidiaries, six months ended June 30 net income $551,067 or 42 cents a share vs. $1,083,506 or 83 cents year ago. Munroe Loan Society and subsidiaries, seven months ended June 30 net income $96,644 or 29 cents a | share of class “A” common stock | and also of class “B” both of $1 par value. ' American Gas & Electric Co. and subsidiaries, 12 months ended June | 30 net income $12,883,501 or $2.39 a common share vs. $11,101,617 or | $2 preceding 12 months.

Andes Copper Mining Co. and Potreriilos Railways Co., prelimi-| nary report first six months consolidated net income $2,219,667 or 62 cents a share. Bickford’s Inc. and subsidiaries, six months ended June 30 net in- | come $304,377 after Federal taxes. | Central States Power & Light | Corp., 12 months ended June 30 | consolidated net loss $29,995 vs. net | income $16,964 preceding 12 months. Detroit Edison Co. and subsidiaries, | 12 months ended July 31 net income $10.883,13¢ or $8.55 a share vs. $11,047,460 or $8.68 preceding 12 months. Columbian Carbon Co., six months | ended June 30 net income $2,520,686 | or $469 a share vs. $1843,305 or 383 43 a share year ago; June quarter | net income $1.072,150 or $199 a share vs. $1,448536 or $2.69 in preceding quarter and $816,294 or $1. 52 | year ago. Duplan Silk Corp., fiscal vear | ended May 31 net profit $397.667 | or $2.06 a share vs. $417,348 or $1.02 preceding year. Greene Canarea Copper Co. and Cananea Consolidated Copper Co, preliminary report first six months consolidated net income $1,067,610 or $2.14 a share. Silver King Coalition Mines Co, une quarter net profit $414,237 or | 34 cents a share vs. $429833 or 35 cents preceding quarter and $205,248 or 17 cents vear ago; six months | net profit $844.070 or 63 cents a | share vs. $411,612 or 34 cents year ago. S. 8S. White Dental Manufacturing Co. and subsidiaries, six months | ended June 30 net income $264,458 | or 88 cents a share vs. $244,130 or 81 cents year ago. Allied Mines Inc. and subsidiaries, fiscal year ended June 30 net profit | $2,354, 954 or $2.50 a share vs. $2.539,702 or $2.86 a share preceding quar-, ter. E. L. Bruce Co. preliminary re-| ports for fiscal year ended June 30 consolidated net income $402,157 or | $2.43 a common share vs. $223,107 or 95 cents year ago. | Boeing Airplane Co. and sub- | sidiaries, June quarter net profit | $137,950 or 24 cents a share vs. $115.937 or 22 cents preceding quarter and $133,892 or 25 cents year ago; six months net profit $253,897 or 44 cents a share vs. $92,423 or 18 cents year ago. Cincinnati Street Railway Co, seven months ended July 31 net income $154,384 or 32 cents a share vs. $175,176 or 37 cents year ago, July net income $10,563 vs. $10,090 | year ago. Columbia Gas & Electric Corp. 12 months ended June 30 net income $12,679,293 or 48 cents a share vs. $12,945,118 or 51 cents preceding 12 | months; six months net $8,173, 755 | or 39 cents a share vs. $8,717,755 or | 44 cents year ago; June quarter net | income $3,739,782 or 16 cents a share | vs. $2,349,967 or 5 cents year ago. DIVIDENDS |

National Standard Co., 22'2

extra | cents and quarterly 50 cents both |

payable Sept. 24 record Sept. 10, vs. | 40 cents quarterly on April 1 and |

July 1 and also 10 cents extra On | Hogs, Ave. Most fales (Ib) ...... REARS, Avg.

July 1.

Aug. 16.— |

in |

| Am Cyan B

| Am Maracaibo ......s.. { Am

| Brown Co pf

| Grd Nat Films ..

| Chgo Corp

| Muncie Water Works 5s 65 .

; Lincoln Natl Life Ins Co com. d

| Progress Laundry

!| Canada

| Belgium thelga) ~

| Holland

| Norway { Denmark (krone)

| Hongkong (dollar) .. .

” 4

MARKETS AT A GLANCE

Stocks lower and dull. Bonds irregular; U .S. Government issues higher; Japanese bonds weaken to new lows for the year. Curb stocks irregularly lower. Chicago stocks irregular. Foreign exchange easier. Cotton futures lower. Grains closed irregularly lower

By United Press

cams Exp .... Adams Mil Ae stonraph Adv Rrumley Air Reduc Air Way El . Alaska Jun .. Allegh Corp Alleg Cp pt $30 Alleg Cp pf $40 Alleg Steel . Allen Indust Allied Chem Allied Mills Alli

a Nov. Alpha P Cem... Amal Leath . Ag Del Sank Note.

Gn Ca . Car & F Chain oF

Coe ne els Crys dy Enc Til

in Chicago; corn #5 cent lower to 2's cents a bushel higher. Rubber futures lower. Silver unchanged in New York at 44%; cents a fine ounce.

Curb Stocks

By United Press | Last | 124 36% | 107s |

Alum Ltd Am General

Ark Austin Silver Bald Loco Bd rts Bellanca Air

Gt & Re a ae

EID Ot pt a) pt

Can Marconi Carrier Corp Cities Serv Cities Sv PL. 87 pf .... Con Cop Mns . Cooper Bes Cord Corp . Cusi Mexic Eagle Picher L ..

= a

BIC ptt

BIC tp REID | NO

Humble Oil McWms Dredge Moly benim | Niag Pwr Pol ec

Delo DI NOs

bt pt 1500 So

| Prudential Ins .

St Regis Std Oil Ky Std Oil Sunray Technicolor Un Lt & Pwr A

| Wright Harg

Last | 121% | 10%2 | 16%: 33s | 435

Armour & Co Bruce EL .. Butler Bros Cent & SW Ut

Cities Service Cord Corp y Paper Hupp Motor . 4 Lincol Pr.pf. vos 39% Mid West Crop 0 Mid West pf ww Noblitt Sparks Prima & Co Pub Serv N Ill (no par) Rollins Hos So Bend Lath Utah Radio Prod Zenith Radio

LOCAL ISSUES

The following quotations do not sent actual bids or offerings. but indicate the aproximate market furnished by the brokers named. (By Indianapolis Bond & Share Corp.) BONDS

Citz Ind Tel (TH) 4!>s 61 ... |H Tel & Tel Ft W 5ia 28. 53... iH Tel & Tel Ft W [H Tel & Tel Ft W Ind Assoc Tel 4l:s 6 : Indiana Teli Co 5s 60 . Indpls Railway Inc 5s 67.. Indpls Water Co 3'zs 66 . Interstate Tel & Tel “50 2s 53 . | Kokomo Water Works > 58 Kuhner Packing Co 4!ss 49 Morris 5 & 10 Stores oy 50

os LI CI ISDN st fa LID DO fs CULL

repre- | merely | level as

Bid. 101 103'2

Ask. 103 105 106% 53 1061,

Noblesville H L & P 62s 47 . hio Tel Serv 6s 47 “. Richmond W W 5s 57 Seymour Water Co 5s 49 T H Trac & L 55 44 “xa T H Water Works 5s 56 .... T H Water Works 6s 49..... Trac Term Co 5s 57 .. STOCKS Belt Railroad St Yds cum Belt Railroad & St Yds pid. . XCent Ind Power pf 7s....... Hook Drug Inc xCent Ind Power ‘pt 7 | Ind Gas Co com w Ind Gen Serv Co 6s nd Hydro Elec Co Ts Su N Ind Pub Serv Co pfd’ 85 oo N Ind Pub Serv pfd 5!ts .... Indplys Water Co pfd Ss

Pub Serv Co of In . N Ind Pub Serv Co pd Seias, . N Ind Pub Serv pfd 5!'-s ... P R Mallory Co com (new). Co Pub Serv Co of Ind 6s . Pub Serv Co of Ind Ts Smith-Alsop pfd ... Smith-Alsop com Terre Haute Elec Co 6s Union Title Co com Van Camp Milk Co pfd { Van Camp Milk Co com . {By M. P. Crist & Co.)

Market St. Investing Corp 35.62

"FOREIGN EXCHANGE

NEW YORK. Aug. 16.—Noon foreign exi change irregular, Cable Net

Rates Change | 00's

England England rate)

pound) (60-day

fdollar) | France (franc) | Italy (lire)

—00% | +.00 1-32

4.00001;

mark) 3 0001

(travel

Germany | Germany mark)... .. oh Switzerland (frano) (guilder) Spain (peseta) Sweden (krona) (krone)

Australia (pound) { Austria (shilling) | Czechoslovakia tkoruna) NE | Pinland (markka) . Greece (drachma) .. . Jugoslavia (dinar) New Zea. (pound) Poland (zloty) Portugal (escudo) Rumania (leu) . % Argentina (off] peso) Argentina (unofil peso) Brazil (offl milreis) Brazil ‘unoffl milreis) Chile (peso) Peru (sol) Uruguay Mexico

3020 0880,

(peso) . (silver peso) .27

Shanghai (yuan) India (rupee) Japan tyen)

Er —————————————————————————— - N 1 MONEY MARKET NE WYORK, Aug. 16. > prey rates remainea unchangec toaay Banker's Acceptances — 0 davs, 17- 15% o and 90 days, %@7- Too: 9-16@%%: 150 and 380 days.

“commer Paper—Prime names, 1%. oney—60 and 90 davs, 1%: 120. 150 Ted 160 days, 1%%. Rediscount rate at New York. 15%.

Y.@ 129 %a

| Am AP&LS (A Rad &

| Am

| Chi

| Com Inv, | Comnw

| Cons | Cons | Cons

| Cont Bak Cont Bak B ...

Lo Mach & Fdy Mach & Met Metal § Pwr & Lt

E's A Roll Mill Am Am Am Am Am Am Am Am

Stl Fdies . Sumat T& — Toh B ... Type F_ .. Water W | Am Woolen Am | Am

| Armstrong Ck..

Arnold Const...

{ Artloom . | Asso Dry Gds .

Atchison

| Aviation Corp .

3ald Loco ctf .. ld Lo

3eth Steel 7 eth Steel 5p igelow San

3law-Knox Boeing Air Sohn Al Br 3orde

3otany A o 3dgept Brass .. 3riggs Mfg ... 3kiyn-M 3kiyn & Q Tr .

| BKiyn & rE - | Bklyn §,r “n ! Bruns-Balke

U Gas

Bucyrus-Erie SL

| Budd | Budd Wheel | Bullard

Bower R B

Butler Bros Butler Bros ot Butte CoP

| Buyers A

High

191%

. 243%

34 2s 723% 23% 2% Joe

34 . 36%

18%

.-: 21%; 241 Soa 2334 . 20%

78 72 2434 534

. 97%

. 653% 109

Fad 80 80 15s 2 31% 32% vis 141 143

. 2%

834

Yoolen pf % 157

Black & Decker Dov BE

3org- Warner Se

| 33° {| Bond Stores Inc | Bulova W 57

21° Burlington Matis Toe

Caterpillar T Cal Packing Callahan Zinc.. Calumet & H

Campbell Wy ’ 3

Canada Dry Can Pacific ... Carpenter Stl . Car

ha Caterpillar rT ve

Celanese

; Celanese pf | Celot

eiolex

| Cent Foundry RR

Cent NJ Cerro de Pasco. Certain-teed . Champ Paper . Ches Corp

i RI&P RI&P 6

pt. Chickasha C ... Child .

City Stores

‘aa 13s Cleve Graph Br Br, 18% . 15

Coca-Cola

Coca-Cola A ... }

Colgate-P-P Col "& ‘Aik .. Colum Gas .... Col Gas pf Ro

Col Pictures vtec 31 Col Pictures pf 124

Col Carbon Col Broad Com Credit

124 9

1 Com Ored cv pf 110

Tr Com Rolyeits “. Comnw&So Cong-Nairn Cons Cigar Cons Eaison Cons Film pf Laundries

1 Cons Oil 5 pf

! Con Textile ; | Cons Coal vte . hi "

A a

Container

Cont Bak pf Cont. Can... ..... Cont-Dia F Cont Ins Cont Mot .. Cons Aircraft

. 65% 14 5 uv 20S pf. 563% . 387 . 33 37 15 Edison pfio3!'. 1234

ConsumersPow pt 821.

Cont Oil Cont Steel Soin Prod

Crane

C 5 Crane Co cu of y d 21

Curtiss-Wr Curtiss Wr Cutler-Ham

Davega S

20% . 153%

1534 Davtn Pateunt 1802 e nf . SDM

Bunian Silk .

Pont 16 Dun Pont deb .. Dom Chem ....

East Kodak Eitingon Elec gute-L “v' Elec Boat

& Mu 3s Elec Pwr & ne 23%

...198 Sch.. 12 417% 11

Ne Low

THE INDIANAPOLIS TIMES

~The Times Financial and Market Page + = FINAL NEW YORK STOCKS

DOW-JONES STOCK AVERAGES

Net Close Change 1913 Ye} 2434 | Saturday 2 31 +s | Week ago 7 723 | Month ago 2% ts {| Year ago ... Ns 4, High, 193%,

234 35 351 High, 1936, 34

34 36 36 18%; 18!: 24112 2334 20% 78 72 2434 53 9734 28 651% 10812 5

1834 2434 34

Saturday 20 78 Ti

2434 534

Month ago Year ago . High, 1937, High, 1936,

Saturday Week ago ... Month ago Year ago High, 1937, High, 1936,

Fi:

VERVE FB I++

Saturday Week Ago Month Ago Year Ago High, 1937, High, 1936,

[1]+:

30 INDUSTRIALS

194.1 10; low, 165.51. 181.90; low, 143.11.

20 RAILROADS

64.16;

low, 50.17%.

59.89; low, 40.66. 20 UTILITIES

sess sanns

37.54;

36.08; low,

low, 25. 1.

28.63.

70 STOCKS

69.6%; 66.38;

low, 57.57. low, 51.20,

+0.%5 +0.%5 +0.31 +2.31 —0.48

GON Fn ph G3 -% 0 eam e

03 Gh NESE D am

P&L Bl P & L $7 mlec St sat

“TAT ~T TD rt Bs =I 05 OD 0 od

El Pa Nat G kng PS Equit

00 ~109 UY O11 CI 13 UY it OY i —

rie : Erie 1 rureka kvans

ANS Co pa ad pt a A OD earn DD

DOOD DON

Fair Morse

Firestone T

First

High. pf 753% pL 801g ¥ Bh Ye

EIK-H Coal pf . Ya

in . 6b

Prod ..

SA .. Fed Dep St....

N Strs... Flintkote Co “i

Freept-Sulphur

2 | : | Gabriel air Ro | Gar | Gen

A bt

Am Inv Am Tr Baking Bronze

PL4HII00T:

on o

FILET AREER

—

C3 GE hp SS

| Goodrich . | Goodrich nf Goodyear

| Gotham Hos

CHL IHL # 1]

Granby | Sana Union Grazie C rant W

Wood Ind

cigar ... Electric

| Goebel Brew oe

| Goodvear pf Ri Graham-Paige .

Stl . T

|G North pf ...

| Gt Nor Ore 1 Gt West Sug | Green

3212

215

163% | Hall Print

«| Ham Watch i Harb-Walk | Hayees Bdy

Hecker Prod ...

Herc Mot

ve 2S | Greyhound Cp .

nL Ti

Lan

| Hinde & Dau eX | Holland Furn 43 Hollandr & Son 2:

Homestake Houd-Her Houston Oil | Howe Sound Hud & Man Hudson Mot Hupp Mot

2 | Tli Central 21 Il Cent pf | Indian Ref Ind Rayon Ingersoll Inland S

Inter Int

| Int P&P C Int

Int T&T Intertype

—

Jewel Tea oJhns Man

Kalmazoo St Kan ou Kaufman DS elsey Kennecott

0 ’

VP-P PETE):

Kimberly

Kroger G&B

[+14];

| Lambert Leh P Cem

+1) Pp:

! Leh Val RR Lehman

+ | 4

Lima Loco

HIE)

Liq Sa rb Loe

Lorillard Lou G & E

Macy RH rts Mack Tr Macy R H

| +1

Manati Sug

Marine Mid Marshall Martin Gl

ay Maytag

McCall Corp McCrory McGraw El

1+:

McKesson & McLellan St Tengel

—-

NSE Eni we

| Miami Cop | Midcent Pet

Minn-Moline Minn-Mol pf

FULELIT#] T+

1941 y, 1215 .

411; 11a

33s 22%,

L fo 2

Motor Whi

ll Rand 137 i Inspiratn Con

Ligg & My pf

Madison Sq s.

ooo

: ©

re oa trates 10

OISRLI ~i

” —ar Roth os Wo a PR “a @ = a

Nickel pf 1 t wave BSed

ove t BB 18%

Hayes A : Keystone Stl ..

i Leh V Coal _... Leh V Coal bra

100% 1611;

Link Beit...)

A. Ludlum St] .... 3%

Low

7534 80 3078 JA

CBD ht Of bt ps “Jad. 00 we 00 a BS BON

Dr re ONY

CR FS

foro

OF Bt Ora = UID COURS ht Ot pot bb IU O00 Wn = Tr 00 DRI BS = T = C1 00 me OF pis BS BE WY

COBOL Mapstnbt re ON En CO

Ys 8 Ha £2 UO C0 4 he OY 160 a = BO OD

372

pe.

475g 13%

Maracaibo Ex.. Fld. . Martin Parry. . D

Mavtag pf ww..

{ McIntyre Porc

Mesta Mach . Midland Stl ...

Mission Corp .. K Tex

Mother Lode .. Motor Prod ...

. 227%

467% 13% 62

1D LOB

Net Close. Cnange. 1

+ in Yg

s+ | Penn Coal & C 4% 8

oC Gg FLD D ALANIS D

rrr

3 CE

6o a

3 *VEF¥+: . ©“ wr PEN

2 | Ruberoid .

% | Pullman . 56!

PAGE 11

Net High. Low. Close. Change. 141; 14%; 22 915 13%, 69

Mueller Br Mul.ins Mfg B . Munsingwr urphy Murray . wa Myers & Br..

® a0

191% 22%, 24%, 27 357% 205s 1812 307s 38% 523% 10%: 982

Nash-Kelv Nat Acme ..... Biscuit .... §

+508) +:

Dept St . Distillers. . ad Nv M&Stl C .. Pwr & Lt Steel ..... Supply ... 3 Sup pf 131 Nat Tea .. Newberry ¢ f 8370 4 » 8 NY$ Omnibus 2434 3 Nor & est: .. 245 245 A 2T3% 263% 54 537% ° 11Ya 30! 43,

AARNE AAR R ARNE

Norwalk T

Ohio Oil 20's Oliver rm i 6812 omn

ad Now

w -

DOOD is it pt Ty 1s HOO WN TO

oi CEE

21 tis Stl cv 1 tf Yor w Ill Glass o1)

y—

I 8 |

Pac G Pacific

& El Mills

Io ®

BD Co rt FID CO

unt ow

Dt BI CE EID HO

| Panhandle | Paperbd . | Paramt Pict | Para Pict 1 pf 1 Para Pic 2 pf { Park Utah .... | Barke Davis .. ho Pathe Film .. { 9 ve i} | Patino Mines : 3g | Peerless Penney

Ww a “Te e® — Lr - >

7 1002

Penn D Cem .. Penn RR ...... Peoples Dr Peoples Gas Pet Cory Am Phelps Dodg Phila Read C I Phil Morris Phillips Pet Phoenix Hos Pillsbury Pitts Coal ..... Pitts oul pf ve 8 Pitts Sc & B .. Pitts Un hs ted Plymouth oil

Postal Tel pf . ! Press Stl Car : ? 3 Pitt Coke & Irn . { G 61% 3 Va |

Public “Serv Pub Serv 8 pf | Pub Serv 6 pf Pub Serv 5 ot

431, 130 1143 .102% Pure Oil 214 Purity Bak

| | | | Radio 4 | { Radio pf N .. | Radjo-K-Or | Raybestos ...... Real Silk ' 3 q . | | Reliable-Stores : 91, 3 | Reliance Mfg Co | Rem-Rand . Soin | Rem-R pt ww . 912 , 91% + Yai | Reo Mo 5 : 3 | Republic. Stl 9 | | Repub Stl pf ..118 3 ee | | Revere Cop .... 38 377% Le | Revere A | Reyn Met SRE | Reyn Spring ... 2 | Reyn Tob B | Roan-Antel

| 1 | |

FEEL) +

| Safeway : 34! 9s |

2 | St Jos Lead 50}2 59° 59° {

lS - wo Tox —i@

PRT ET OY OD DDD

{ St L-S Fran pf b's 1 hi { | Savage Ar cee | Scheniey Dist D pf

. pu oo

Schenley | Schulte R . | Seabd Air L .. | Seaba Air L pf Seabd Oil | Sears Roebuck Servel Inc { Sharon S H

NE ®aIN ese

+. Spencer K

a Lo : i oth i aN NN ANID

lw ERR

[1+];

ef i

| Sperry Corp | Spicer Mfg

Stone & Web .. Studebaker e' Sun Oil “ai Superhtr

De LIRIO LI = 00 = £9 4h CO =F pA

Swift Intl ve Svming-Gould Sunshine Min Telautorrph

100-303 - - -

Oy a LOD

a Its o 3 es Prd

I Texas Guilt Prod Tex Sul .. T PO&O. .. Tex “Pac LT. { Tne Fair oe Thermoid ‘ Thompson Pr Thomp star Lhomb. TE of Tide W_A Oil TimkoaD Ax .. Timken R B ... | Transamerica {Trans & W_ Air Trans & Wms Tri-Cont | Traux Tra 20th Gent - Fox | Twin Coach ..

Aaw@

Yt ot et 03 SN

ry CO =I 0 =I DOT PIU NOD WWD ~ BO et aS BD bt pe 03

BENS

TB POT DILNIE

Boh it 3 BI LILD

Gre Wg NEP aD™ Ea

DID AFRNDUVO =F DOO WD ~ aise

tls tpt pt BL BILD tp. OY wl

bt Cpt ph pt pt 3 BIBI 00 Tre 03 =

ot CD pt

jUlen & C . {Una Ell Fish {Union B & P { Union carb ... Un Oil Cal { Cn Pacitic [Un Aircraft Cn . 293% Air Lines 1 Biscuit | Un Carbon . { United Corp ...

| United Drug Un El Coal ... Un Eng & Fdy

| United Fruit

11-16 1 15-16 1 15-16 46's 46 46'3 47

35s 62

4 014

27%

3 22

23 8% 8% 57g

133 36% 22%

521% 3's 37

* | Vadsco Sales

PRICE INDEX

NEW YORK, Aug. 16.—Dun & Bradstreet's daily weighted price index of 30 basic commodities, com- | piled for United Press (1930-1932 average cquals 100):

140.59 | Year ago . 1937 high (Aprii 5) 158.26 1937 low (Aug. 13).

prices used in compiling the

Friday 142.11 | .. 146.54 | Following are the commodity daily price index: Commodity—

Month ago

Today 1.18 1.0414 865% Si 5.40 JH125 0914 0355 32 1305 KT)

Wheat. No. 2 red (bu.) Corn, No. ? yellow Rve, No. 2 (bu.) oe Oats, No. 2 White (bu.) .. Flour, Spg. Pat. (196-1b. sk.) ... Lard, Prime Steam Spt. (b.)... Coffee, Rto 7s Spt. (Ib) Sugar, Raw 98 Test (Ib.) Butter, 92 Score (ib.)

(bu.)

Most Salas (Ib) oo

AND COMMODITY QUOTATION S

DAILY PRICE INDEX

Week Ago 1.15% 1.15% 8514 S134 5.30 A170 0914 0360 311% 1320 ORS

Year Ago 1.155 1.16% 93 46% 7.123 1230 08 0370 351%

.140.59

Commodity—

Lambs Avg. Most Sales (Ib.) .. Hides, Native Hvy. Steers 1b.) .. Wool, Fine Unw. Comb. (ib.) .. Cotton. Mid-Upland «b.) Silk, 13-15 Deniers Jap Ib.) ... Rubber. Spt. Smk. Rib (Ib.) ... Conper Electrolvtic (Ib.) Lead, Spot (Ib.) * Zinc. Spot (Ib. Tin, Straits Spot (1b.) Silver, comm! Bars (oz.) .... Steel. Scrap Chi. (ton) Pig Iron. Iron Age Comp. (ton). Coke, Connelsville (ton) Cement, Dom. Portland Yellow Pine, 6-in. base (M ft.). Douglas Fir, Rough (M ft.) ... Gasoline. Tank Wagon (gal)... Crude Oil. 40 gravity bbl.) ....

Today

1073 8 41 1050 1.9? 1831 a4 085214 068714 60 A43g 19.75 23.25 4.35 2.25 60.00 52.50 095 1.2

Week Ago 10% JARS 41 1082 1.89 JIS BE 065214 NERY.

Sources of Quotes—Chicago, grains, livestock.

scrap and hides. Boston, wool.

ville, coke.

East St. Louis, zine. Tulsa, crude oil. New York, all ethers.

Year Ago 0935 a2 3518 J243 1.99% 16 5-16 003% 0460 0490 A234 44% 15.25 18.73 3.65 2.55 50.00 33.00 087 1.18

lard, steel Connels-

Un Gas Imp .. Un Gas Imp pf | Un Paperba ... For Sec ... Freight ... Hoffman

| | United Cp pf .. 38% 39a 3813 .... | : % | | | |

ccaaccaccacacac Tnnmnnnngypnpnn

| Un Stores A | Uniy Cyclops Sy 19" {UtP&LA 2

| Vanadium ..... | Van Raalte | Vick Chem Va-Caro Ch ... Va-Car 6 pf ...

Wabash ... Wabash pf A Waldorf Sys Walgreen Walker (H) .. Walker (H) Walworth . . Ward Bak B ... Warner Bros Warn-Quinn 34 Warren Br .. 8% Warren FP & P..400 Waukesha Mot . Janu

45 4312

28% . 49 . 1934 . 18% 612 153%

4 48% 1934 15% 63% 15% 5s 8 400 32% 47

ke Westing ‘Bi Weston EI In . Westvaco Va Wheel Steel White So Deh

41 Whig StLpf ret 123% 125% —- Yale &. 7 .... B55 Yellow Tr. .... 243% Young S & W.. 40% Young Sheet.. 943% lin

. 407

Zenith Rad .. Zonite ... 5%

: hogs, as well as light lights had shrunk to negligible proportions ex-

4 (choice 200 to 210 pound weights.

x | were estimated at 5000.

| largely $10 downward.

1211928 and was paid for choice well- . | finished weights around 1464 pounds.

2 | Medium Weights— 2

| Heavyweights—

| Choice Good ‘ | Common, medium Low cutter and cutter

| Cutter, common | Good

| Cutter, common and medium .

4 | Good and choice

jon cr Toby woplost since

HOGS DECLINE 10 TO 33 GENTS IN LOCAL TRADE

Porker Prices Drop to

$12.95 Top as Buying Demand Narrows.

Hog prices tumbled sharply to start the new week. Eleven leading markets had total supplies that compared about on a parity with a week ago, but buying demand narrowed despite fairly cheerful eastern fresh pork reports, according to the Bureau of Agricultural Economics, United States Department of Agriculture. The decline here measured unevenly 10 to 35 cents, weights scaling below 210 pounds being hit hardest. Buyers claimed that outlet for light

|cept at sharp reductions in price. Top of the market was $12.95 for

Sows shared in the general down- , turn, ranging 25 to 50 cents lower to | bulk at $10.50 to $11.25. Hog receipts

There was a very scant showing of slaughter steers and yearlings today. Demand, however, was indiffer- | ent and prices favored the weak side, | ranging unevenly steady to 25 cents, | lower. Two loads of yearling steers | scaling 985 pounds at $14.25 set the practical top for the day, although there were odd head upward to $16.50. Best heifers here cashed at $14 in a steady trade. Cows and bulls were also steady. Vealers started off the period with little change from the close last week. Good to choice offerings held at $11 to $11.50, with lower grades

Under the support of sharp advances in eastern dressed lamb values, the live trade here held fully | steady to strong. Strictly choice offerings were scarce. Merely good to choice lambs sold 14 from $10.75 to $11.

Steers Hit '9-Year High

By United Press CHICAGO, Aug. 16.—Steers were quoted at $17.90, a new 9-year high today at the Chicago stockyards. Today's price dates to December,

As hog prices have turned lower in a gradually slackening demand, steer prices have recently turned into | new high ground. Hogs today were quoted $13.45, 15 cents lower than Friday.

HOGS

Top $13.75 13.50 3.20 13.25 13.40 13.25 12.95

choice .§

Receipts 3000 |

3000 | 3000 2000 | 3000 Sano 5000

@12.80 | 40 |

Bulk $13.50@ 13.75

12.656 12.95 Lights (140-160) Good and Medium . Lightweights 60-180) Gooa and dium

Me (180-200) Good and Medium .

11.50@ 11.00@ choice. . [email protected] " . 11.66@ 12.65 choice. . 12656012. 01 Vals . 12.15@1 12. 3%13.0 12:65@12. st 11. 1.

5612. 65 | [email protected]

[email protected] | 10.50@ 11.00 | 10.25@ 10.75 | [email protected] 10.75@ 11.75 | 10.25@11.

d choice . choice. .

1200-220) Good 1200-220) Good and choice . choice. .

6 1 6! 65 9 3

1259-290) Good (290-350) Good

| Packing Sows—

(275-250) Good 1350-425) Good

(100-140) Good and choice Medium .

CATTLE —Receipts, 1500—

75 50 |

$12.756016.00 | 11.25 14.50 | 9.006: 11.25 6.500 9.00 16.006:.17.00 | 14.506116.25 | 11.5061.14.75 9.006 12.00 7.00@ 9.00 16.2561:17.00 14.756016.25 12.006114.75 16.001 16.85 9.006 12.25 16. 25% 13. 00 13 16.2

236 15.00

(550-900)

(900-1100)

(1100-1300) Pri

Medium (1350-1500) i

Heifers (550-750) Choice 12. 7561.14.50 Good ' : Common Good and choice Common, medium

(750-900) 10.75% 14. 50

6.004 10.75

Bulls, good

(beef)

Vealers —Receipts, 600-- . $10.50@ 11.50 [email protected] 7.00@ 9.00

| Medium | Cull and common Calves Good and choice . [email protected] Common, medium. %7.00@ 9.00 Feeder and Stocker Cattle Steers Sood and choice®. mon, medium , Good and choice . Common, medium ,

(250-500)

(500-800) (800-1050)

Heifers— Good and choice .. Common and medium Cows Good Common and medium SHEEP AND LAMBS Receipts, 1200 Spring Lambs— ce

[email protected] 6.50@ 8.00 8.00@ 10.50 6.50@ 8.00

7.00@ 5.75@

5.26@ 4.75

8. 8.50 7.00 6. 5.

25 25

(90- 175) 4.00@ 4.50

2.306 4.00

Good and choice . Common, medium.

By United Press CHICAGO, Aug. 16. — Hogs — Receipts, 10,000, including ®3500 directs Market early 10 to 15 cents lower. now bidding around 25 cents lower; top, $13.45; few goles 190-210 1bs., : bulk 180-230 Sisq 13.35; few butchers, 240. Fe Ibs., sis 0@ 12.90; packing sows, [email protected]. ttle — Receipts, 13,000; rs, 3000. Statoil to 25 cents higher; to

sales,

grainfed steers.

loads, [email protected]; some, [email protected]; light yearlings, $17.25: stock and feeder market active, firm; natives, $9 down; well-bred Texas calves, yearlings, $9.50 10.35: grass fat cows stea ly, scarce: grassy, shortfed heifers, 25 ce lower with grainfeds steady. bulls, roalers steady; sausage bulls,

$7.25; vealers, S 11,000, including 7500 lambs slow, steady to to 25 cents lower; good to choice, $11 down early to $11.25; bulk native ewes, [email protected]. —25 cents

. 16. —

. Ibs 120-130 Ibs. $11: Roughs, $10. 25; stage, $9; calves, $11.50; lambs, $10.5 AR Aug. 16.— 0 cents lower.

Hogs—Market,

roughs, 10.50,

0 DS, 00 12.50; 150 1b 12s : 100- *150 ih $10. 510. 75.

on Waive '$10.50@11. Lambs, $10@

FOOD PRICES

CHICAGO, Aug. 16.—Sweet Potatoes— Tennessee, bu, ve u

rots sHiinols, Illinois, bu., qt. baskets, Reise Cauliflower—Califor nia, crates, [email protected]. Peas—Cnolorad hampers, $1 ‘oa 60. Celery— Michigan, fl crates, 50 Onions (50-1b. sacks) Wisconsin we 80@82'%¢c, Californi Yellows, [email protected]¢ Illinois Yellows, 80c.

)

| Rep

! Mass. Bonding &

| cases;

| umphs,

New York Bonds

By United Press

BOND PRICE INDEXES 20 20 20 Indus. Rails Util. 2.0 91.7 101.9 92.1 91.6 102.0 91.5 93.4 101.0 91.5 95.8 105.8 89.2 80.2 101.2 95.0 101.2 106.0 90.8 90.1 99.3 94.8 100.4 106.2 90.0 847 103.5 1935 high 91.4 86.4 103.6 93.1 1935 low 83.6 L0 89.3 83.0 (Copyright, 193%, Standard Statistics Co.)

60 Bonds 95.2 9.72 95.3 97.7 20.1 100.5 93.4 100.2 93.3

Saturday Week ago ..... Month ago .... Year ago ...... Two years ago i937 high . 193% low 1936 high 1936 low

U. 8S. GOVERNMENT BONDS Treasury Bonds

Low 34s 1046-44 ..

Yield 101 1-16 2.84 101 1-16 2.85

3 4s July 1946-44 4s Nov. 1957-37 4s May 1958-38 “ve 44s May 1957- Wo 4's Nov. 1958-38 ... 103': Home Owners Loan ks 1949-39 ... 101 DOMESTIC

Alleg Corp 5s 44 A ARaconda C 42s 50 .. At TSF cv 425 48 At TSF gen 4s 95 .. Beth Stl 4'4s 60 Bu R & P cor 4'zs 57.. Can Pacdeb 4s perp ChMStP&PSs 2000 Chi N W 43s 49 . Chi RI ref 4s 34 "vs Chi We Ind 4's 62 ... Chi W Ind cn 4s 52 .. Clev Un Ter 5s 73 Cons Oil 3':s 51 Sons Edis 4'4s 46 Con GNY 4';s 51 Crane Co Sh gs 7

Gon Ae lis “v Goody T & R 5s 57 .. Gt Nor 4s G 46 ve Hud Man ref 5s 57 .... Ill Cen 4%s 66

Ohio Edisn 4s 65 .... Pa P & L 4'2s 81 . Penn RR gn 4':s 65 .. 8t1 C 4255 80 ..... Stan Oil N J 3s 61 ... Texas Cor 3'as 51 ..... Tex & Pac 5s C 79 ... Va Ry ¥ 334s 66 .... Young S eT 4% 061 .. Yng & T 3%s 51

an 2014 65 867% 88 100%

Peru 6s 60 19'a

COAL SHIPMENTS OFF

Times Special

NEW YORK, Aug. 16.—Shipments |

of anthracite for July as reported today to the Anthracite Institute, amounted to 2,421,504 net tons.

This was a decrease as compared

with shipments during the preced- | ing month of June, of 1,618,859 net |

| tons, or 40.07 per cent, and when | compared with July, 1936, showed a drop of 923,805 nct tons, or 27.61 | | per cent.

MILLION PERSONS HOUSED By United Press WASHINGTON, Aug. Federal Housing Administration es- | timated today that nearly a million

| persons could be housed in homes

on which it has accepted mortgages | for insurance. Up to July 31, the | FHA reported,

at $889,474,777.

BANK STOCKS

(By Blyth & Co.. Inc.)

| Bankers Trust | Central SsHover Chase Nationa Chemical Bank & Trust Guaranty Trust .. Irving Trust Manufacruters Trust ationa a Continental fn. Natl. Chicago 1381 First National Bk. Boston .... 50 National Shawmut Boston National City Cleveland

Fire Insurance

Aetna Fir City of New York Federa Pram . Great American Hanover . Rartiord Hom National ‘Pire North River ig

S Westchester Casualty Companies Continental Casualt 62

Msurance

CHICAGO PRODUCE

Eggs—Market, easy, receipts, 12,581 fresh graded firsts, 19%4c; extra 200; current receipts, 18'sc: dirties, checks, 16c; storage packed firsts, 20'2c, storage packea extras, 21'ze, Butter—Market, firm; receipts, 13780 tubs; extra firsts (90-91'2 score), 31l@ 31'2¢: extras (92 score), 31%ec; firsts, 2974 @30'5¢c; seconds, 25@28c; specials, 32'4@ 323% c: standards, 31'2; cent, (88 score), 29'zc, cent, (89 score), 30'zc. Poultry-—-Market, easy: receipts, 1 ear, 25 trucks; geese, 13@15c; ducks, 152M 17'%2¢; hens, 20@2lc: Leghorn hens, 16¢; spring chickens, 206 24c; broilers, 18@ 24c, roosters, 13'a@@14'2¢c; fryers, 19@24c; turkeys, 156r17c. = Cheese—Twins, 17'4@17%c¢; 17% @18c; longhorns, 17346 18c. Potatoes—Supplies, moderate; demand, fair; market, firm; California White Rose, $2.15; Colorado Bliss Triumphs, $1.50@ 1.55: Idaho Bliss Triumphs, $1.60@ 1.75; U. S. No. 2, $1.35@ 1.40: Idaho Russet Burbanks, [email protected]; U. S. No. 2, $1.30@ 1.45; Washington White Rose, $1.80: Nebraska Cebblers, $1.05 1.20; Nebraska Bliss Tri $1.40@ 1.50. Arrivals, 110; on track, SF

(Sunday) 296, (Saturday)

U. S. STATEMENT

WASHINGTON. Aug. 16. —Government expenses for the current fiscal year jaroush Aug. 13, compared with a year ago

firsts, 16!2c;

daisies,

shipments

This Year Expenses $ 954,805,193.84 Receipts . 675,375,662.55 Cash Bal.. 2, 820, 071, i: 33 3 50. 600,204.40 Work Bal 1.040 65,3 626,430,502.29 Pub, Dbt 36,889, ‘684, 026, 30x 23; '401, ‘816, 1629.48 Gold Res 12,609,273,135.55 10,662,541,145.43 Customs. . 57,046,388.74 45.228.543.66

Today's Pure. Total Pure. Inactive Gold $3.965,587.67 $1,277,846,040.11 xNew high.

Lest Year $ 703,273,097.85 501,571,113.64

" INDIANAPOLIS CLEARING HOUSE

Slearings 1. 905,000 Debits 7.278.000

LOCAL PRODUCE

(The prices quoted are paid for stock gathered in the country, while for deliv eries in Indianapolis the prices are 1 cent higher. Each full case of eggs must weigh 55 pounds gross. “ Eggs—No. 1 tly fresh, 0%. Heavy breed hens, 5 Ibs, Leghorn hens, 12¢; heavy 1937 stock, 2 Ibs. and over, 19¢: Leghorn broilers, 1937 stock, 2 Ibs. and over, bareback broilers, 1937 stock, 2 . over, 13c; old roosters, 9c; ducks, feathered and fat, 5 Ibs. and over, og) full-feathered and fat, 9 to 14 5., 4c, Butter—Creamery, No. 1, 35,4 36'2¢: No. a esac. Butterfat—No. 1, 30¢; No.

loss off, 17c

and over, 17c; breed broilers,

2, 2, 2

TYPEWRITTEN LETTER: AUTOMATICALLY (YPRE ADDRESSING & MAILING MULT GRAPHING STENCILS GUY MIMEOGRAPHING RULED FORME UP TO 1a X 28° TWO NOTARu!

9 Merchants Bank Bldg. A L-6122

COMPLETE LOCAL LIVESTOCK

WHEAT PRICES DROP SLIGHTLY AS CORN GAINS

Foreign Weakness Declines Leading Cereal Bids in Chicago.

By United Press CHICAGO, Aug. 16.—Wheat prices drifted into lower ground on the Chicago Board of Trade today as speculators took an indifferent atti= tude as a result of lower cables from abroad and reports of more favor= able weather conditions in Australia, At the close wheat was 3% to 1a cent lower, September, $1.11%, corn was % cent lower to 2's cents high= er, September, 99 cents, and oats were unchanged to !4 cent lower,

16.—The |

1 September, 29'c cents. Prices dropped as much as a cent | a bushel in the initial dealings, ral« lied later in response to light offer= | ings but dipped again at the close when sellng picked up. Corn futures met with a heavy de= mand in the opening trade and shot up for net gains of 1 to more than 2 cents a bushel with the new crop deliveries showing the most strength, Light receipts were aided in advanc= ing prices. The market reacted from the day’s high point from the close, however, in sympathy with the heavy tone in wheat,

Indiana Wheat

Report Favorable

CHICAGO, Aug. 16.—A report from Lafayette today said that “although no records are likely to be broken, indications are now that Indiana farmers will have one of the best crop scasons of recent years. The winter wheat crop in Indiana was expected to yield 34,692 bushels and the corn crop was expected to run 186,480,000 bushels.” The Canadian Wheat Board was reported carrying on negotiations for storage space for use in keeping the 1938 seed-grain requirements, This grain is to be stored particularly for the use of drought-stricken farmers and storage will probably i be at Saskatoon, Lethbridge, Moose« jaw and Calgary. The oats crops in Illinois will be the best in 20 years, a report said today. The corn crop is good and soy beans and fruit ruil crops excellent.

CHICAGO GRAIN

RANGE

Prev, close $1.11% 1.12% 1.14%

Wheat— Close $1.113% 1.12% 1.13%

Low $1.107% 1.11% 1.13%

High $1.12 1.13% + 1.14%

8% 66% 67

07% 67% 687%

099 68% 60%,

2014 29%

20, 29" 83% 80%

807% 187% S19

83 80 80% Beans 9814,

97 99%

it had accepted for | insurance 219.995 mortgages valued

11.42 11.8 11.42 11.8 ec 11.42 11. Al-ask; B—bid, CASH Wheat—New No. 2 red, $1.15'%[email protected]: No, 3 red, [email protected]% No. 4 red, $1.04% 1.08%: No, 5 red, 95%c@$l. 02% i sample red, 8412 @ 004 ¢: No. 2 hard, 4 [email protected] oH No. 3 hard, $1.12¢21.16%; No. 5 hard, 97%6 @$1.04%; sample hard, 80'z0; Jami mixed, 82c; No. 4 red tough, $1. ‘03, 0. 4 hard tough, $1.08'%,. Corn--No. 2 yellow, £1.06%; No. 3 yellow, $1.05%; sample, 08'2¢, musty. Oats—No. 1 mixed, 31 31%c: No. 2 mixed, 30% @31c: No. 3 mixed 29V,@30%c; No. 1 white, 313% @32; No. 3 white, 30% @31%ec: No. 3 white, 29% wu 31c; No. 4 white, 29% @40'%c¢, Rye = No. 2, 84'4 @87c; No. 3, 84@84Yc., Barley—Feed, 48 55¢,; malting, 6561 84c; No. 3 malting. 8lo, Soy Beans—No. vellow, $1.08%, Timothy Seed—$2. [email protected]. Clover Seed —Unquoted, Cash Provisions—Lard, $11.60, nominal} loose, $11.87, nominal; leaf, $12.62, nomie nal; bellies, $16. 15, nomi nominal,

LOCAL GRAIN

CASH weak, receipts, 31 [email protected]. No. 2 red, hard, [email protected]; No.

25 cars No. 3

Wheat-—-Market care loads: No. 1 >= [email protected]; 1 2 hard, $1. 0461 1.06 Corn—Market, strong, receipts, loads; No. 2 white, $1.01¢11.04; white,, 99c¢@$1.01; No. 4 white, 97@90¢c: No. 2 yellow, [email protected]; No. 3 vellow, 98cun | 81; No. 4 yellow, 066 08¢: No. 2 mixed, 98¢ 1 81; No. 3 mixed, 96@98c: No. 4 mixed,

“Market, No. 2 white, 26@27'ze.

steady, Receipts,

64 care 27. @ 28% c. 3

No. white WAGON WHEAT rain elevators are paying for Ne, 2 red, $1.01 other grades on their merits, Cash corn, new No. 2 yellow 99c. Oats, 26c. Hay—No. 1 timothy, [email protected]

City d

WINNIPEG WHEAT

Close 4 3, 267% 24 1 1254

Prev, Close $1.20'% 1.2579

“

13970 1.25%

ARGENTINE GRAIN BUENOS AIRES, Aug. 16.—Grain futures SPSaed, irregularly lower Wheat-—Sent., $1.23 3c, Oct., $1.20, off 3c, Corn-= S590. unchanged; Oct., 56'%0, une Oats—Spot, 287%c, unchanged, . $1.35, unchanged; Chee unchanged,

Sept. $1. 347%, “.

LIVERPOOL WHEAT

81 Beh

Dec, vine Jia 1.26 ; March ... 1.24% 123% 1.28% ELECTRIC TRUCK SALES UP WASHINGTON, Aug, 16.—Shipe ments of electric industrial trucks and tractors totaled 164 for July compared with 153 for June and 113 for July last year, the Department of Commerce reported. For the first seven months of this year shipments aggregated 1076 compared with only 652 in the same period of last year,

®@ NEON o SIGNS

Indianapolis Electric Sign Co. 228 N. ALA. LI. 5674

Oct, $1. 138 s