Indianapolis Times, Indianapolis, Marion County, 17 August 1937 — Page 14

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PAGE 14

THE INDIANAPOLIS TIMES

TUESDAY, AUG. 17, 1937

COMPLETE N. Y. EXCHANGE STOCKS

«» » The Times Financial and Market Page

COMPLETE LOCAL LIVESTOCK -

- * shone

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STOCKS RECOVER AN BONDS EASE; CURB IRREGULAR

Rubber Shares Lead] Market in Mild Recovery.

By United Press NEW YORK, Aug. 17.— Rubber shares strengthened | today to bring a mild recovery in stocks after the market had opened fractions to more than a point lower.

Japanese bonds broke actively to | further new lows for the year on the | listed market today. Domestic corporation funds eased. Industrial shares moved irregu- | larly, while other sections eased in

quiet trade on the curb market to- | a

day. Goodyear was the most active stock out and gained 2 point to 4415. U. S. Rubber was 3; higher at | 633% while Goodrich remained | around the previous close. | Steel shares were prominent. U. | S. Steel dropped to 117 for 11% point | loss in early trading and then came | back to 1181. Bethlehem also re-| covered from its low while Crucible, | on strength of an excellent earnings report, gained almost 2 points to) above 77. Chrysler had a fractional loss at! 117% and General Motors had a 5¢ | loss at 587s. Rail shares generally | were fractionally lower. Metals were | mixed as Howe Sound jumped 13 to 84% and Anaconda slipped off | fractionally.

FIRST HOUR

Stocks opened moderately active | and fractions to more than a point | lower. Steels led the recession.

U. S. Steel selling off 1 to 117% and 8 5

Bethlehem 1 to 100%. Chrysler was | S off 1'¢ to 116%, Anaconda 1 to 593% and Atshison, Topeka & Santa | Fe 14 to 80. Case was down 4] points at 181. Socony-Vacuum lost | %s to 2213 and Westinghouse a point | at 157'z. Crucible Steel opened at | T7612, up land then dipped to 753%. Then a rally got underway. Steel | common crossed 118, Crucible got back to 76': and Bethlehem neared | 101. Chrysler moved up to 1173 | and losses in metals were cut down. | Socony moved up to around its pre- | vious close. Rails improved. Util- | ities were steady. A block of 19.700 | shares of Macy rights sold at 15-16, | unchanged. Sales approximated 190,000 shares | against 200,000 in the first hour yes- | terday. Dow-Jones Averages—Indlustrials 188.65, off 0.69; rail 53.45, off 0.17; utility 28.85, off 0.27.

SECOND HOUR

Trading was quiet. The under- | tone improved and losses were cut! down in all divisions. U. S. Steel | scld 118% and Crucible moved up to 77%. Chrysler steadied at 1173; | and General Motors at 587s. Good- | vear was active and up 1:2 at 44!s. Standard of New Jersey rallied at 69°, off 1s after almost a point loss. Utilities were steady with Consolidated Edison unchanged at 36%. | Atchison recovered to 803: and other | rails had only small losses. Howe | Sound was up 13: at 8435, and losses | in Kennecott, Anaconda and International Nickel were cut down to | small fractions from almost a point earlier. American Locomotive had 11; point gain to 503s. Sales approximated 130,000 shares, against 100,000 in the second hour yesterday. Dow-Jones Averages— | Industrial, 188.90, off 0.44; Rail, | 53.44, off 0.18; Utility, 28.86, off | 0.06.

o =

Today's Business At a Glance

i | GENERAL BUSINESS: |

Advertising Age reports week ended Aug. 7 retail advertising in| 79 major cities 17,578,634 lines vs. 16,969,718 year ago, up 3.6 per cent; vear to date 620,806,927 lines vs. | 588,895,508 year ago, up 54 per, cent. National Lumber Manufacturers Association reports week ended | Aug. 7 production 272,603,000 feet | by 524 mills vs. 279,450,000 preced- | ing week, off 2 per cent; shipments | 997.408.000 feet vs. 278,868,000 pre- | ceding week, 18 per cent below preceding week; booked orders 222.- | 412,000 feet vs. 261,734,000, off 15 | Dun & Bradstreet Inc, reports week ended Aug. 12 business fail- | ures 153 vs. 156 previous week and | 149 year ago. Oil & Gas Journal, estimates domestic crude oil production week | ended Aug. 14—3710491 barrels | daily, a new high record, vs. 3,668,609 previous week. CORPORATION REPORTS:

Atchison, Topeka & Santa Fe | per cént. Rwy Co., week ended Aug. 14 own lines loadings 24,229 vs. 24278 previous week and 20,504 year ago. American Encaustic Tiling Co., | June quarter net loss $15,966 vs. | $29311 preceding quarter. Baltimore & Ohio R. R. Co,!

! 2g C

{| Zenith Radio

| net income $123,834 vs.

| cents a share vs.

| preliminary report fiscal year end-

{ $21.64 a share vs. $1,121360 or

| it $266,027 or 30 cents a share vs. | | $224,096 or 25 cents year ago.

| six months net profit $27,904,211 or | $1.83 a share vs. $22,015,537 or $1.45 |

| $2. 944 465 vear ago.

| vs. net income $113,912 year ago.

| quarterly interim $1.50 on common

| ord Sept. 1.

» » Ld

MARKETS AT A GLANCE

Stocks irregularly lower and dull. Bonds lower and quiet; U. S. Government issues easier; Japanese bonds decline to new lows for the year. Curbh stocks irregularly lower. Chicago stocks irregularly lower. Call money 1 per cent. Foreign exchange steady. Cotton futures quiet and steady. Grains higher in Chicago; wheat up 2's to 2!'y cents a bushel. Rubber futures firm. Silver unchanged in New York at 443; cents a fine ounce.

Curb Stocks

Buy United Press Alum Co Am 00K Cyan B General . Maracaibo ..

y Gd Oy

CO TIBI r= BIT hn rt wT] pot pt CD IN AT wd

Am Am Am Am

w 3 » >

A s Austin Silver Barium Stl .... | Bellanca Air .. Berkey Gay Fur Brown 'Co Pf ..vuetvevs Can Marconi «..... Carrier Corp Cities Serv .... Cities Serv pt’ “ Col O&G . Con Cop Mns .... Cord Corp ... Creole Pet Cusi Mexic . Eagle Picher L-

QD ep

a . Pty JC tnd BC SIRI BD ee TB Wea Esa

Megas

Fisk Rub er . Ford M Ltd . Grd Nat Films Gulf Oil EN Humble Oil . Jones&Lau Stl . Lockheed Air McWms RQredge Mesabi Iron Mich Bumper .......... Molybdenum

| Ry St Reg

| Sel reriin R | Sherwin- w

Sunray Oil . Technicolor . Wright Harg

Chicago Stocks

| Adams Royalty {Cent & S V VO Chgo Ny Cae | Gittes Service Commwlith Edison ardner-Denver Gen Hshld Ut Heileman Brew La Salle Exten | Noblitt-Sparks . .. 44 nn pf NS

er “Fd LIA IO g s h a FETS

— lL N

s Hos Signode St | Wahl Co

397%

June net loss $97,535 vs. net income $201,393 year ago; six months net income $11,756 vs. net loss $1,981,271 year ago. Central R. R. of New Jersey, June net loss $324,184 year ago; six months net loss $471,700 vs. $1,701,530 year ago. Economy Grocery Stores Corp., 53 weeks ended July 3 net profit $274,895 or $2.95 a share vs. $205,815 or $1.71 year ago. First National Stores, Inc., June | quarter net profit $806,835 or 93 $928,078 or $1.08

year ago. Loudon Packing Co., year ended June 30 net profit $88.894 or 25 cents a share vs. $188368 or 52

| cents year ago.

Pepperell Manufacturing Co,

ed June 30 net profit $2,104,000 or

$11.53 preceding year; sales made a new high at $29,941,000 vs. $29,641,000 vear ago, up 35 per cent. Pitney-Bowes Postage Meter Co. | six months ended June 30 net prof-

Standard Oil Co. of Indiana, first

year ago.American Machine & Foundry | N {Co. and subsidiaries, first six months net profit $592,951 vs. $518,663 year ago. International Cigar Machinery Co, six months ended June 30 net | profit $725,750 vs. $629,756 year ago. Louisville & Nashville R. R. Co. June net income $624,653 vs. $711,897 year ago; six months net income $3,895,090 vs. $3,304,018 year ago. Reading Co. June net income $863,737 vs. $515,202 year ago; six months net income $4,327,842 vs.

Southern Pacific Co.. June net income $753,040 vs. $2,240,698 year ago: %six months net loss $163,048

Zenith Radio Corp.. July quarter consolidated profit $1,122,184 vs. | $706. 940 year ago. DIVIDENDS:

Du Pont de Nemours & Co. third

payable Sept. 15 record Aug. 25 Vs. | 75 cents in March and $2 in June. Lake Shore Mines, Ltd. regular | quarterly $1 payable Sept. 15 rec-

Associates Investment Co. regular quarterly 75 cents on common payable Sept. 30 record Sept. 15. Humble Oil & Refining Co. 621% cents payable Oct. 1 record Sept. 1

vs. 371% cents on April 1 and July 1. (Copyright, 1937, by United Press)

First N Strs ... Follansbee Freept-Sulphur.

Gen Baking ...

Gen Gen Mills Gen Gen Gen Out A Gillette S R ... Gimbel Bros ... Goodrich

Gt North pf ... & Gt Nor Ore “Oe Greyhountl Cp.

Houston Oil Howe Sound . Hud & Man ...

In Intst

| Macy

LATEST NEW YORK STOCKS

Net am Last Change e orp 8 8 Altea Stores 203% C 15%

- A) ~18383 +144

~3 OBI CBI bt I ot

ODT Ort pet NDI NO DOO FESHFITGE F& LEI+I4+00L:

Anaconda Armour Ill .. Armstrong ck’ Artloom ® Asso Dry Goods HE Atl C Lin 513 Atl Refining . 2915 Auburn Auto .. 17% Aviation Corp 6%

(LIL:

| +:

3ald Loco 53% 3aldwin Toco ctt 22'2 3alt & O ph . 32 J Co ..... 303% 3endix Avn 1 3eth Steel Va 3eth Steel 7 pill8lz 3law Knox .... 24% Joeing Air .... 3ohn Al Br .... 3org Warner .. 49 3dgept Brass .. 3riggs aR -~

Budd Wheel ... Burroughs

FUEEIH+00T: TE

Cal Packing ... Calumet & H... Campbell Wy .. Can Pacific Caterpillar T .. Celanese ....... 37 Cent Foundry Cerro de Pasco Certain-teed . Ches & Ohio .. Chic Gt Wst Ry Ch M STP&P pt Chi Pneu T . Chrysler City Stores .... Cleve Graph Br 47% Colgate P-P ... 18%

8 2% 4 25

Colum Gas 1 Col Pictures vte Com Credit .... 6 Com Solvents .. Commonw So .. Commonw 8 pr. Cong Nairn ... 3 Cons Stiison vey Cons Oil -

Co a Ee Crown Zeller .. 21 Crucible St . Cub-Am Sug .. Curtis Pub ....

Curtiss-Wr 5%

Deisel Y G ... 20% D Lac & “ 3% Dist Seag 23% Doehler % Cast 38Y, 3814 Du Pont 16414 164%, i. Elec Auto-L ... 403, 403% Elec Boat .... 11% 11% Elec Pwr & Lt 22% 221% El Paso Nat Gas 26% 263 Equit Bldg .. Bl 5% Exchange Buf . 3% SY —— 4112 4%

2034 15% 23%

41% 4% 31

Gen Cigar Foods

Motors .. Out Adv .. l

FE-PE E+)

. 18% . 8334 43%

15% 833

fnspirstion Cop 35% 119

Harvester .

Kennecott

| Kresge D S_.... | Kroger G&B

Lane Bry Leh V Coal Leh V Coal pf Loew’s Lone ‘Star ‘Cem Ludlum Sti

R H Macy R H rts .

Magma

e Wig...

Ma Marshall Fld

cCrory

wou 18 Mesta Mach ... Miam vou 120 Minn-Moline "a Mo P | Mo Dac DT oe. | Mohawk Cp Monsanto woes 165 Mother Lode ... Motor Prod .... Motor Whi

Mullins Mfg B 5 urray ... .

No Pacific i

Ohio Oil Oliver Farm Eq. Omnibus ou

Otis Steel

20% — Fa

NEW BUSINESS BOOKS AVAILABLE AT LIBRARY

The following new business books now are available at the business branch of the Indianapolis Public Library: THE MEASUREMENT OF POPULATION GROWTH, by Robert R. Kuczynski. “It is the best book on the subject and is quite indispensable to ,any student of population problems. MODERN BUSINESS LETTER WRITING, by Anne Boone. How to Rive letters the necessary quality of clearness, to make them oR pact but CN to avoid ‘‘jar ANAGE ENT: PRINCIPLES AND PRACTIC 7S, by Beatrice G. Rosahn. A fact book on a comparatively new occupation, public housing management, which calls for experience in social work and in technique and administration. ow S , COSMETICS, hy ray he T. McLeod. The author is a 1-known i Sowsr in the field of cosmetic se sellin HANDBOOK or AMERICAN TRADE Na comp. by U. S. Bureau of Labor Statistics.

PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX

NEW YORK, Aug. 17.—Dun & Bradstreet's daily weighted price index of 30 basic commodities compiled

for United Press (1930-1932 average Yesterday ....

Week BD een. Month eo ceeeees.145.14 | 1937 low

owing Jre the commodity prices used in compiling the

Fo daily price index

Commodity— Today

Wheat. Neo. 2 red (bu) ..ocuene $ 1.15% Corn, Ne. 2 vellow (bu) cevnee 1.061% Rye, No. 2 (bu.) 85% Oats, No. 2 White (bu.) ... .31 Flour, Spe. Pat. (196-1b. sk.) ... 7.30 Lard, Prime Steam Spt. (Ib)... Jg142 Coffee. Rio Ts Spt. (Ib) ....ee 09 Sugar, Raw 96 Test (Ib) eevee 0355 Butter, 92 Score (Ib.) a Hogs, Avg. Most Fales (Ib) ... 1290 Steers, Avg. Most Sales (Ib) ...

.140.69 ' Year ago 142.09 | 1937 high (April 5) 158.26

Commodity—

equals 100): Cotton, Mid-Upland

(Aug. 13) ..140.59

Copper. Lead. Spot (Ib) ....

Week Ago $ 1.16% 1.16 87% 3134 9.30 J172 0914 03h

311g * 1310

Year Ago $ 1.18% 1.17 54% ATS 9.725 1245 08 0870 35% A175

Lambs. Avg. Most Sales (Ib.) .. Hides, Native Hvy. Steers (Ib.).. Wool, Fine Unw. Comb. «Ib.) ..

Silk, 13-15 Deniers Jap (1bh.)... Rubber. Spt. Smk. Rib (Ib) ... Electrolytic Ib.) ......

Zino. Spot tM.) Ceisecnutnsnenee Tin, Straits Spot (Ib.) ....ceuuee Silver, commi. Bars (02) ..... Steel, Scrap Chi. (ton) ..... Pig Iron, Iron Age Comp. (ton). Coke, Connelsville (ton).. Cement, Dom. Portland (bbl.).. Yellow Pine, 6-in. base (M ft.). Dougias Fir, Rough (M ft.) ... Gasoline. Tank Wagon SEA

Year Ago 0925 a2 351% 12381 1.80 Jd6% 093% 0460 04950 42 443 15.25 18.73 3.65 2.55

Rook J100 8 18 41 1079 1.89% 844 a4 065212 068712 601% 443% 19.75 23.25 4.35 2.25

Today 1075 183% 41 1057 1.961% JI813 14 .06521%

$ $

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ven

52.50

s | Muncie Water Works 5s | Noblesville H L. & P

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS yesterday oo... ee 189.34 Week BO ...... vivian. 186.598 Month ago .... vases 188,82 Year ago ..... Wav ey 165.42 High,, 1987, 194.40; low, 165.51. High, 1936, 184.90; low, 143.11. 20 RAILROADS 53.62

—0.68 +0.23 +1.26 +0.04

Yesterday Week ago 53. Month B80 +... iitiineinin oo Year ago 53.53 High, 1937, 64.46; low, 50.1%. High, 1938, 59.89; low, 40.66. 20 UTILITIES

28.92 29.18 29.32 34.61 High, 1987, 37.54; low, 25.45. High, 1936, 36.08; low, 28.63. 70 STOCKS Yesterday Week ago Month ago Year ago High, 193%, 69.6%; High, 1838, 66.38;

low, 57.5%. low, 51.20,

Net High Low Last Change Pi . 32 . 44%

9's . 22% 3%

Pac G & BI .. Pacific Ltg Packard . Paramnt Parmelee Pathe Film .... Peerless

3 4 2

FETE

Press Stl Car 2 Public Serv . Pub Serv 6 pf Pub Ser pf .... Pure Oil

5F SENN

2 4 9 23 3 8 67% 0 7 2 51 2! 0 23 4: i%

DO hte SAID

Raybestos Rem-Ran 26 Rem-Rnd- pf ww a,

Reo Republic Stl ... Revere Cop ... Reyn Tob “ Roan-Antel ....

Safeway St Jos Lead

Seab'd Air Li Sears Roebuck. Sharon S H ... Shell Un Oil Simmons . .. Smith-Cor-T cts Socony-Vacuum So Cal Ed

South Ry pf ... Spencer K 2 Spiegel Inc Std Brands Std G & E 8 Std G & E 6 of Std O Cal ..... 45 Std Oil Ind «.. 487% Std Oil N J ... 69%

LOCAL ISSUES

The following quotations do not represent actual bids or offerings but merely indicate the approximate market level based on buying and selling inquiries or recent transactions. tBy Indianapolis Bond & Share Corp.) BONDS.

Bia Ask Su ind Tel (TH) 428 "61....101. 103 Tel '55..103% 105 «H 1062 53 106% 100

H Tel H Tel & Tel Ind Assoc Tel Indiana Tel Co 5s .e Ind Railways Inc 58 '67 Indpls Water Co 3'2s "66 ’ Interstate Tel Tel 5'zs "53... 97 Kokomo Water Works 5s '58.. Morris 5 10 Stores 5s oo Ohio Tel Serv 6s '47 Richmond W W 5s Seymour

Trac Term Co 5s § STOCKS. Belt R R St Yds com Belt R R St Yds pfd Cent Ind Power pfd Ts Home Tel & Tel F Hook Drug Inc com ind & Mich Elec 75......... Ind Gen Serv Co .. Ind Hydro Elec Co Ts Indpis Gas Co com wip ele Indpls Pwr & Lt pid 6s.. Indpls Pwr & Lt pfd Sas . Indpls Water Co pfd 55 .... 103% Lincoln Natl Life Ins Co com 25'2 P_ R Mallory com..... von 31 N Ind Pub Serv Co pfd ses. 12 N Ind Pub Serv Co pfd 6s.... TT% N Ind Pub Serv Co pfd 7s.... 87 Progress Laundry Co com .... 17 Pub Serv of Pub Serv of Smith Aesop Smith Aesop P 0 Terre Kaute Elec Co 6s Union Title Co com Van Camp Milk Co pfd Van Camp oe Co com .. vy M. P. Christ & Co Market St.

NEW BOND ISSUES

3. 51 37.76

Bt City BS ii “av B & O 4's ey F Avery Ni 5's “ oN

ait Oro Prw 4's 66 47

Celotex 4'2’s : Cent Maine Pwr 4's 60 Cent Maine Pwr 3132's 66 . Cinti G 7s E 31%’s 67 CMO 2%’ s 42 ™ Fla Power 4's 66 ...... verses Fla Power 5's 66 Houston Lt & Pr 3 Indp's Water 3!2’s 66 Los Angeles Rev 3 s " Narre Elec 32's . N Y City 3's N Y State Fic Gas 4's 65 .... 9 N Y Tel 32 Nore State P. 3's 67. Pac Lighting 42's 45 ... Scott Paper Co. 3h s 52 . Union Elec 33's Union Elec 3's 42 Chester S31 66 Wisc G & E 3'3's 66 Wisc Pub Ss 4's 61

FOREIGN EXCHANGE

NEW YORK, Aug. 17.—Opening foreign exchange steady.

Net Cable Rates Change 0-2) ¥, 33% —.00's

England Eng. (6

Belgium Germany Switzerland

4.0002

BANK STOCKS

(By Bly & Co., Inc.) Bankers Trust ... swear 64% Central Hanover . J Chase National .. Chemical Bank, & Tray Guaranty Trust . Irving Trust Manufacturers Trust y National City . . 43% Continental Tn Natl, Chicago. .137 First National, Boston 401% National Shawmut, Boston ... National City, Cleveland 30 Fire Insurance Aetna Fire City of New ‘York Federal Franklin ... Great American Hanover Jaitiord

National PIR Tv vee North River ...vvivsvduvvvees

US Westchester Casualty Companies

Continental Casualty ... Mass Bonding & Insurance ...

For Final Stock Quotations See Later Editions of The Indianapolis Times

Rush Jobs Make Us Smile Hendren Printing

Company, Ine

| Pd Tr A "B

Net High Low Last Change

Starrett L 8 .. 422 42!2 - 1! Stew-War 182 18% ly Studebaker 14% 1s Superior Oil .. 43% . Syming-Gould.. 18 1s Syming-Gld xw 137% 1, Tenn 14's 1 12 . . 83% A £ Va Ve lg wo 13% Vs «12% / you Thompson Pr Thomp Star .:. Tide A Oil. Transamerica . Transs west, Afr Tri-Con 20th Gent Fox.

Union B & P . Union Carb

Un Air Lines .. United Corp ... Un El Coal .

S 8 Vadsco Sales .. Vanadium Va-Caro Ch ...

Walworth .... Warner Bros .. Waukesha Mot. Wayne Pump . West Auto Sup. West Union ... 3% West Air Pke .. Westing El ... 157% White Mot .... 25% Wilson & Co .. 10 Woolworth . 49 lo . 24 . 93 wii

. 40'3

15% 3214 481% 2014 483, 41% 157% 25

10 487%

3p 1s 1s

24 24 1s

Yellow Tr 02% 1%

Young Sheet a

Zenith Rad

INVESTING CO.’S

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U. S. STATEMENT

WASHINGTON, Aug. 17.—Government expenses and receipts for the current fiscal vear through Aug. 14, compared with a vear ago: Yuet Yeu $720,491, 240. 33 509,367,933.28 211.123.316.05 2,829 588.356. 03 = 2,070.744.831.87 1.040, 525,346.97 1.616,575,265.27 36,891,275.289.51* 33. 394 328,347. 23 12.502.630.388.72 10,664,443,579.59 59.013,809.45 46.580.549.86 Today's PurShas Total Pur $357,111.07 ,278,203,151. "is

Year.

This Expenses $970,021,023.83

Receipts. Deficit Cash bal Work. bal. Pub debt. Gold res. Customs. .

Inactive gold *New high.

MONEY MARKET

NEW YORK, Aug. 17.—Money rates remained unchangeG today. Banker's Acceptances 17-16%: and 90 days, days, 0-16@ 12%: 150 and 9-16%. he Commercial Paper—Prime names. Time Money—86 #0 and 00 days, 1%%: 120. 150 and 160 days, 1% %. Rediscount rate at New York. 1%%.

BROKERS’ OPINIONS NEW YORK, Aug. 17.—Brokerage opinion today HORNBLOWER & WEEKS — with the technical position of the market somewhat impaired as a result of the almost steady advance from the low levels of Aug. 6, outside developments may be said to have hastened a normal readjustment of the gains already recorded. REDMOND & CO.—In our opinjon the market outlook remains favorable from a constructive viewpoint with several of the medium priced issues showing firm tenden- | cies against the irregular background. LAMBORN, HUTCHINGS & CO. —The market seems to be left in much the same position under which it has been laboring for weeks. Holaers of good stocks refuse to sell, particularly on price recessions, and a fair demand for investment leaders appears to continue. J. S. BACHE & CO.—Any further moderate recessions or sidewise irregularity would, we believe, do much to strengthen the market's technical position which in all likelihood was somewhat undermined by the advancing efforts of late last week.

INSTALMENT SALES MAKE SLIGHT GAIN

+0 days, v2 @7-16%: 180 days.

- a @ 129 %@

9 erally. Steers and yearlings of value

17 to offset the mentioned declines of | last week. iy

Aug.

Lignt Ligt

Lightweights—

Medium Welgtor Heavvweights—

Packing Sows—

Slaughter Pig

By United Press NEW YORK, Aug. 17.—Installment sales by retail outlets in the first six months this year rose only 94 pear cent compared with an increase of between 35 and 40 per cent last year, A. W. Zelomek, economist of the International Statistical Bureau, Inc. reported. today. Total retail sales rose 9.2 per cent over the volume in the comparative 1936 period, while regular credit sales showed a 13.3 per cent rise. Zelomek said that the volume of installment sales “is not yet dangerously large and will not become so this year, according to present indications.” He attributed the’ slowing down in expansion of installment sales to the soldiers’ bonus of last year and the widespread strikes in certain

industrial areas this year.

PORKER PRICES STEADY TO 50 GENTS LOWER

Local Vealer Offerings Drop Half Dollar in Active Trade.

Hog values again spilled sharply. Demand veered to butcher weights and trading took on a very uneven complexion. Compared with Monday, prices were steady to 50 cents lower, although a big end of the list showed a 25 to 40 cent downturn, according to the Bureau of Agricultural Economics, United States Depart- |: ment of Agriculture. Weights above 325 1bs. held steady, | § but few of these kinds were offered. Light lights and pigs suffered a half | dollar townturn and even at the bréak demand was not urgent. Top | sank to $12.55 on choice 210 to 225 |

| pound weights. Hp:

Aside from the small “showing of choice and prime steers and choice heifers, the steer and heifer trade turned sour today. Outside demand was anything but dependable and local houses had lower ideas gen-

to sell at $15 and above were about steady with last week's close, but the lower grades now generally show losses of 25 cents. Prime 1103 pound steers topped at $16.75. There were odd head of 4-H Club yearlings at $17. Two loads of prime yearlings turned at $16.50 and there was a three-car string of 903 pound horned varlings at $15.75. As a rule a spread of $11 to $15 took the crop. Heifers topped at $14.50. Cows held steady generally, but there was a weakness on light cows. Vealers lost their favorable position compared with nearby centers as prices dropped 50 cents. Trading was active at the decline on both shipper and local killer account, with good to choice offerings clearing |g from $10.50 to $11.00. Campaigning for lower costs after last week's losses in dressed values, lamb buyers successfully enforced declines of 50 cents in this branch of the trade. Upturns in dressed prices today were still insufficient

o — wo

1912:

14. 15

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12.65 95 a [email protected]% (140-16 ) Cod and Medium

choice.

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1200-220) (200-220) choice choice. .

(250-290) Good choice. .

(290-350) Good

td da

Week ago Month ago .... Year ago ..... Two years ago .89.2 1937 high 1937 low 1936 high ..... 19368 low 1935 high ..... 1935 low

3%s 4s 2%s

2%s

21!

30¢; cent, spring chickens,

17% @18¢:

market, Triumphs, $1.75@ 1.80; Idaho Rugses Burbanks $1 @2; U. 2, $1.30

banks, Nebraska Cobblers, Bliss Triumphs, 80c; consin Cobblers Arrivals, 278.

New York Bonds

By United Press

BOND PRICE INDEXES 20 20 20 Indus. Rails Util, aL.7 101.9 91.8 102.1 93.4 101.0 95.8 105.8 80.4 101.8 101.2 106.0 90.1 99.3 1004 106.2 84.7 1035 86.4 103.6 93.1 71.0 89.3 83.0 1937, Standard Statistics Co.)

WHEAT FUTURES JUMP 2 CENTS; CORN IRREGULAR

Weather Statement Gives Impetus to Yellow Grain Buying.

60 Bonds 95.3 95.2 95.8 9.7 90.4 100.7 93.4 100.2 93.3

Yesterday

«0 95.0 or 908 94.8 + 90.0 91.4

(Copyright,

U 8 GOVERNMENT BONDS Treasury Bonds By United Press CHICAGO, Aug. 17—Buying « the opening break rallied cor prices from early lows but the up turn was checked under yesterday close on the Chicago Board of Trade today. At the end of the first hour wheat was 2% to 2% cents higher; oorn was % cent higher to 4 cent lower, and oats were " to % cent higher. The buying in corn was given ime petus by a statement by H. C. Done ovan that general rains are needed to check serious deterioration in the corn belt. Local showers and somewhat cooler weather'' Were promised for the Middlewest "and Kansas. Corn receipts were -four cars, Winnipeg was higher on strong buying by Canadian brokers and the wheat market turned sharply high er In sympathy. Some interests bought December wheat and sold September at a 1 cent difference. Buying in Chicago was general and ics in good volume. Wheat receipts IE WE 15 vis,

. 92% 92 3, Kresge Fou 4s 45 v . Lou&N 33;s 2003 93% 033% WAGON WHEAT MoPacific 5s City froin e elevators are paying fer No, ENE T& TSS 53 2 red, $1.01 other grades on their marits, NYCent ref 5s 2013 .. Cah corn, new No, ellow, 20% Qats, NYNBH = 6s dh. & 26c, Hay—No. 1 any [email protected], Par Pict 6s 55n . Penn RR gn 425 65 ..

Close 106.23 112.14 102.31 116.22 01.

Low 106.23 112.14 102.31

1945-43 1954-44 1947-45 1952-47 1951-48 1952-49 1043-49 ...

4's

3las 228 3s 278 2%s

1958-38 3 DOMESTIC BONDS | ATTdeb 5's 43 112 Arm Co Del 4s 55

44s Nov

FiorBCons 58 74 GenM Ac 3%s 51 Goodrich 6s 45 .........104% GoodyT&R 58 57 ..ueee. Hous Oil 5's 40 ....... HudMan ref 5s 57 . .

I Yas 66 ... ICOSLNO 4'zs 63 .

13% eve Y0lY,

ARGENTINE GRAIN

BUENOS AIRES, Aug, 17,-~Grain futures opened gihreRularly higher. Wheat—-Septeme« ber, $1.2 up ‘ac; October, $1.10%, up *%o0, Con september. 3st, up ne “oclover, 87s¢, une West Union 5s .. changed: Flax. Seorembor oi. 33 yr - ' 0 Yng S&T 3'2s 51 ...... October, $1.33%, up ‘zc. rn FOREIGN BONDS bot Canada 4s dR cesarean dosh WINNIPEG WHEY

Shjle 6s 60 .

ba Ys 51 .. Norway 4s 63 Peru 6s 60 19,

CHICAGO PRODUCE

Eggs—Market, steady; receipts, 9269 cases. Fresh graded firsts, 9%ec; extra firsts, 20c; current receipts, 18050, dirties, 38 ac; checks, 16c; storage packed Arsts.

Butter—Market, firm: receipts . tubs. Extra firsts (90-9115 rey. Hin firsts, 293% @30 0s; extras (#2 score), seconds, 25@ 28c; specials, 32% @ standards, 32c: cent. (88 score), IW = ore), 3le. oultry—Marke easy; rece trucks. Geese, 13@15¢; doar tie, 4 17%¢; hens, 20@21¢c: Leghorn hens, 15%sc: broilers, 17@23c;

19@23c; roosters, 13'2@14%zc; fryers, 18@23¢c; turkeys, 15@17¢ Cheese— Twins, 17% @ @1740: 17% @13c.

Longhorns, Potatoes—Supplies, light ; demand, fair steady to TONE. Colorado Bliss $1.60; Idaho Bliss ST Iumphs, The

ep 8 SeabAirLin 6s 4 Vanadium 5s a x

» Setobey nee

FOOD PRICES" i

CHICAGO, Aug. 17.—Sweet Pi Tennessee, bushel, hampers, . Carrots-——Illinois, bunches, 1@1'%¢. ach--Illinois, bushel, 40 Michigan, 12- -qt. baskets, as@ste. flower—OCalifornia, crates, $1.5 Hampers, $1.35@ 1.50. Celery Mion es flat crates, 40@50c. Onions (50-Ib, pn - Wisconsin, yellows, 80c; Caligopnia, whites, $1.15, ve

TECHNICOLOR MEETING

By United Press NEW YORK, Aug. 17.—A special meeting of stockholders of Technie color, Inc., has been called for Sept. 9 to vote on a proposal td ine crease the amount of stock from

1,000,000 shares to 1,500,000 shares without par value, it was annoupped today. All of the stock will be common shares and none subject to-any

Dalsies,

S. No. @1.40; Oregon Bliss $1.70; Washington Russet BurNew Jersey Cobblers, $1.37 $1.12%@ 1.20; ‘Nebraska $1.35@ 1.50; Towa C bblers, Wis-

shipments,

Triumphs, $2;

Wisconsin Bliss Triumphs, $1.30;

33, on track, 132;

(275-250) Good (350-425) Good (425-450) Good (275-550) Goon

Ph dh OOOD Hr BN IN

ad) PRI WO AN 3 aan Swo: 93 9999 S908 Da win oO oom oD on

oS on

(100-140) Good a and ‘choice. .

—Receipts, 2000— Steers

(550-900) Choice G

ood .. Medium Common (900-1100)

IND DD-IIDD hI PDN DD 3 AND SDINNDONDDODS WN DIADIHIIHVIIHHIDID

um Common (plain) or Prime 16 Choice Good Common Medium Prime C

(1100-1300)

(1350-1500)

Ph ph fd ok kh kh fh ph kh pk eh pk PAIN ED IOAN IO~aD

(550-750)

(750-900) Good and choice .

ommon, medium

Choice Good .... | Common, medium . Low cutter and cutter ........ Bulls, good : Cutter, common .

Good (beef) .... . Cutter, common and medium .

Vealers —Receipts, T00— Soo and choice

(250-500) Good and choice . Common, medium

Feeder and Stocker Cattle

Steers (500-800) Good and choice . [email protected] 6.50@ 8.00

ommon, medium . (800-1050) Sood and choice.. [email protected] 6.50@ 8.00

mmon, medium. Heifers— Good and choice 7.00@ 8.50 Common and medium 5.75@ 7.00 5.25@ 6.25

OS a Common and medium .... 4.75@ 5.25 SHEEP AND LAMBS —Receipts, 1500— Spring Lambs— Choice

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

right of pre-emption by stockholders,

GRANTED INJUNCTION By United Press in BALTIMORE, Md,, Aug. 16.—Chief Justice Samuel K. Dennis of Circuit Court today granted an injunction preventing the proposed merger of Chesapeake Corp. and Allegheny | Corp. holding companies in the 23,-000-mile rail system founded by | the late Van Swerigen brothers.

Home Building

TREND OF RESIDENTIAL BUILDING (37 STATES F.W.DODGE CORR)

“l

FIRST SIX MONTHS EACH YEAR

Hn o

nN 2

THOUSAND BUILDINGS

1931 1932 1933 1934 1935 1936 1937

THE PARKER CORP GENERAL DISTRIBUTORS INCORPORATED INVESTORS

BOSTON, Aug. 17.--Remarkable are the gains being made in residential building. The total number of buildings started in the first six months of this year, which surpassed the first half of 1936 by 31 per cent, was the largest for any like period since 1929, and only one-third under the first half of 1928, the peak year.

Bonds of the United States Government, Its Territories and Insular Possessions

Federal and Joint Stock Land Bank Bonds Indiana Municipal and Corporate Securities Real Estate Bonds ond Preferred Stocks General Market Securities

Indianapolis Bond and Share Corp.

129 EAST MARKET STREET

PETITION CIRCULATED By United Press NEW YORK, Aug. 17.—A petition is being circulated on the floor of | the New York Stock Exchange to close the exchange the Saturday preceding Labor Day.

Aluminum

POSTURE

CHAIRS

Rrployee Comfort is good business!

W. C. BRASS and Associates 134 S. Mer. RI-9727.

NEW YORK CHICAGO TORONTO SOUTH BEND FT. WAYNE EVANSVILLE BOSTON CINCINNATI

Indianapolis Office 200-214 Circle Tower

Thomson & McKinnon

New York Stock Exchange New York Curb Exchange New York Cotton Exchange New York Coffee and Sugar Exchange New Orleans Cotton Exchange Chicago Stock Exchange Chicago Board of Trade Winnipeg Grain Exchange

And Other Leading Exchanges

+ LI. 5501

I ——

Abitibi Power & Paper Company, Limited PLAN OF SALE OF ASSETS AND REORGANIZATION

NOTICE TO BONDHOLDERS

Pursuant to an Order of The Supreme Court of Ontario, a meeting of Bondholders of Abitibi Power & Paper Company, Limited has been called for the 15th day of October, 1937, to consider the Plan of Sale of Assets and Reorganization presented by the Bondholders’ Representative Committee and the sale of the mortgaged properties of the Company to the New Company contemplated by the Plan. A copy of the Plan, together with a Compilation of Statements and Information obtained by the Bondholders’ Representative Committee, is avail. able to all Bondholders upon request at Room 2400, Canadian Bank of Commerce Building, Toronto, Canada, or at Room 1000, 44 Wall Street, New York City. Bondholders are urged to communicate promptly with the Committee in order that information may be sent to them.

Bondholders’ Representative Committee By JOSEPH P. RIPLEY, Chairman