Indianapolis Times, Indianapolis, Marion County, 19 August 1937 — Page 12

Page PDF (12.33 MB)

Back to issue view

PAGE 12

PLINER 3 RE CHIN CL WH

COMPLETE N. Y. EXCHANGE STOCKS

he Times

“THE INDIANAPOLIS TIMES

Financial and

_ THURSDAY, AUG. 19, 1937

Market Page : =

COMPLETE LOCAL LIVESTOCK

STOCKS DECLINE

DULL MOVEMENT;

U.S.

Cotton Futures Hit

Lowest in Four Years

By United Press NEW YORK, Stocks declined again today, the sinking to new lows since | Aug. 6.

Domestic bonds declined as U.

anese bonds made new lows for the the year. Curb stocks declined. Cotton futures ntade new 4- -year lows, breaking almost $1 a bale. Lack of interest in the stock market, with many traders absent on vacations, was a major influence. Some were wary of the railroad wage situation and easiness carriers was a factor in weakness of the general list.

Business news fas favorable, but ignored. Steel scrap prices mounted as a result of Japanese buying. American Agricultural Chemical reported for its fiscal year ended June 30 net equal to $8.86 a share, against $4.71 in the preceding year. Mack trucks in the second quarter had net equal to $1.08 a share against 67 cents a year ago. A disconcerting item was weakness in U. S. Steel, which touched 115% off 2%. Considerable unloading was noted and steel’'s volume exceeded any other board. Bethlehem dipped more than | a point. Motors were easier with Chrysler off nearly 2. General Motors at its | low of 567s was down 13s. n o "

Today's Business At a Glance

GENERAL BUSINESS Dun & Bradstreet, Inc.

week ended Aug. 12 food index at | Nowes: Banep from previous | | Bean El s |

$2.90, unchanged week and $2.85 year ago. Dun & Bradstreet, Inc. week ended Aug. 18 bank clearings 22 leading cities $5,322,241,000, vs. $4,900,029.000 year ago, up 6.7 per | cent; a 59 per cent rise was recorded in the previous week. Engineering News-

Aug. 19. — |

S. | Government issues followed. Jap- |

in|;

[SSUES DROP

o ” »

MARKETS AT A GLANCE

Stocks lower under lead of U. S. Steel. Bonds lower; U. issues lower. Curb stocks lower, Chicago stocks lower, Foreign exchange firm. Cotton futures break almost $1 a bale; 3 deliveries under 10 cents. Grains closed lower in Chicago; wheat off 3's to 334 cents a bushel. Rubber futures easy. Silver unchanged in New York at 443%; cents a fine ounce.

Curb Stocks

By United Press

S. Government

Low 121 1532 35% 107s 13

Alum Ltd

— =} > pt

03 —a5 > ©»

Bellanca Air Carrier Corp Cities Sery Col 0&G Con Cop Mns Cooper Bes

te >» WO JLo Dy Sd eT Ge DEE Bad BN

Su I cia Jones & Lau Stl . Lion Oil . Lockheed Air . Mich Bumper Molybdenum Niag H Pwr ... Pantepec Segal Lock Seiberling R

WD IIT Irs

DESI L Dro F — LD LS w-

reports | Jarvis WB

reports | | Zenith Radio

| Indicate

Record reports |

this week construction awards $43,-' 341,000, vs. $45,348,000 last week and |

$50,072,000 year ago. CORPORATION REPORTS

American Power & Light Co, week ended Aug. 14 output 116,978,000 kwh vs. 113,892,000 year ago, up 2.7 per cent. American Water Works & Electric Co., week ended Aug. 14 total electricity output 50,767,000 kwh vs. 46,707,000 year ago, up 8.7 per cent. Baldwin Locomotive Works, July orders, $2,375,589 vs. $2,585,080 in June and $2,663,136 year ago; shipments, $3,175.594 vs. $4,438,056 June and $2,531,121 year ago; unfilled orders $28,973,120 vs. $30,531,

| H Tel

in |

416 and $13,471,018; seven months

orders $21,981,492 vs. $19,528,749 year i shipments $23,613,802 vs. $12,- |

ago; 770.637 year ago.

six months’ net loss, $1,468,840 year ago. New York, Chicago & St. R. R. Co, July net operatnig come, $632.337 vs. $732,471 year ago. seven months’ net operating income, $4 991.381 vs. $4,889,917 year ago. Raybestos-Manhattan, Inc. six| months’ net profit $1,510,642 or $2.37 | a share vs. $989,122 or $1.55 year ago; June quarter net profit, $836,138 or $1.31 a share vs. $674,504 or $1.06 previous quarter and $623,402 or 98 cents year ago. Southern Pacific Co., July net operating income, $2,060,562 vs. $2,374,- | 999 year ago; seven months’ net operating income, $14,042,275 vs. $12,179,871 year ago. Burlington Mills Corp., June quarter earned 44 cents a common share vs. 3 cents year ago; six months net

Louis | in- | | Pub Serv of Ind pfd 6s { Smith Aesop P & V pfd

1 Missouri-Kansas-Texas R. R. Co., | jhdpls Pur & L pid Blas ....

$623,554 vs. |

Sherwin WwW Singer Mfg

stock on the| Std: Oil Ky

Sterl Brew Sunray Oi} Technicolor Un Gas Cp pf [Un Lt & Pwr A |.

Autom Washer pf ... | Bilss & : Laugh v rr ros | Butte Corp cv pf Cities Service . Comvith Edison Cord Cor

CO CO as DIL WR DOU WD 0

id West By ww

eas Ld w nN

Sw ift & Co

rn - i

1A 412

TLR

The following quotations do not represent actual bids or offerings but AL [aidies on Suv aproxitiate aioe Thet level n an sellin iri gg transactions. he murs (By Indianapolis Bond & Share Cor BONDS. Ry

Ask Citz Ind Tel (TH) 4s '61 ...101 H Tel & Tel Ft W 5lus 3% . ios & Tel Ft W 6s 10612 H Tel & Tel Ft W fs 2 53 Ind Assoc Tel 4!zs '65 106% Indiana Tel Co 5s '60 .... 100 Ind Railways Inc 5s '67 62 Indpls Water Co 3!is '6§ .... 2 100 Interstate Tel Tel 5s '53 .. 9912 Kokomo Water Works 3s "58. . 2 1051, Morris 5 10 Stores 5s '50.... 103 Muncie Water Works 5s 65 . .. Noblesville H L & P 6l2s '47 . Ohio Tel Serv 6s '47 '5%7

'43

104 Richmond W W 5s 1 Sevmour Water 0 > ’ 03 THTrac & L. 55 ’ ‘ T H Water Works i 56 T H Water Works 6s ’'49 Trac Term Co 5s '57 STOCKS. Belt R R St Yds com Belt R R St Yds pfd Cent Ind Power pfd 7s v 32 Home Tel & Tel Ft W 7s .. : Hook Drug Inc com V Ind & Mich Elee Ts Ind Gen Serv Co Ind Hydro Elec Co 7s ... Indpls Gas SD com a3 Indpls Pwr Lt 90 Indpols Water Co pfd 5s A Lincoln Natl Life Ins Co com 2512 Mallory com 17 N Ind Pub Serv Co pfd 55s N Ind Pub Serv Co pfd 6s .. N Ind Pub Serv Co pfd 7s . Progress Laundry Co com

pfd 6s ..

Pub Serv of Ind pfd 7s

NEI = caoy-y tt DIDI D aan © 5

Smith Aesop P & V com. ... Terre Haute Elec Co 6s Union Title Co com Van Camp Milk Co pfd Van Camn Milk Co com M. P. Christ & Co.) Market Investing Corp .. 35.30

BANK STOCKS

(By Blyth & Co., Inc.)

(By st

Bankers Trust Central

al Chemical Bank % Trust Guaranty Trust Irving Trust Manufacturers Trust National City Continental Ill Natl cage . First National Bk Boston .... National Shawmut Boston

profit earned $1.35 a share Vs. 40 | National City Cleveland

cents year ago. McKesson & Robbins, Inc, June sales $13,911,698 vs. $12,159,310 year ago, up 14.4 per cent; six months sales $84,042,715 vs. $71,448,627 year ago, up 17.6 per cent.

DIVIDENDS

American Shipbuilding Co., 30 cents on common payable Nov. 1 record Oct. 15 vs. like amount on Aug. 2. Calumet & Hecla Consolidated Coppar Co., 35 cents payable Sept. 16 record Sept. March 16 and 50 cents on June 16. Kimberly-Clark Corp., extra 50 cents and regular quarterly 25 cents on common payable Oct. 1 record Sept. 11. Mergenthaler Linotype Co, cents payable Sept. 15 record Aug. | 25 vs. last payment of 50 cents on | June 15. Emporium Capwell Corp., 25 cents, payable Oct. 1 record Sept. 15, vs. like amount on July 1. Youngstown Sheet & Tube Co, quarterly $1 on common, payable Oct. 1 record Sept. 11, vs. 75 cents on July 1. (Copyrig

U. S. STATEMENT

y GTON, Aug. 19.—Government rT receipts for the current fiscal year through Aug. 17, compared with

= year ago:

ht. 1937. by United Press)

his Yea Last Yea . $1, 006.42 426, 644. 74 § 770, for. 060. 40

Expenses 712.249.676.409 531.410.413.63

Receipts

Customs

Inac. Gold *New high. INDIANAPOLIS CLEARING BE

Clearings Debits

MONEY MARKET

NEW YORK, Aug 19.—Money rates remalinea is Receptances cece Banker's TER 0-16@ 15% 150 and 8-167

Commercial Pa

<0 aays. v2@7-16%: 80 davs

Yo G7

Sati

er prime games, 1% 20 ey—60 and 90 davs., 1%7%: 158 Tea 100 days, 1% %. Rediscount rate at New York, 1%%.

1 vs. 25 cents on |

50 |

Fire Insurance Aetna Fire . City of New York Federal .. Franklin

Hanover . Hartford Home . ahs National Fire North River . Phoenix . U S Fire Westchester Casualty Commanies 2

| Continental Casualty Mass Bonding & Irourance .

NEW BOND ISSUES

(By W. L. Lyons & Co.»

B F Avery Sons 5's. 47 Calif Oro Prw 4's 66 Celotex 4!'2's 47 “ Cent Maine Prw 4's 60 . . Cent Maine Pwr he $668... 96 | Cinti G & E 32 CMO 23's 42 Fla Power 4's 66 | Fla Power 3's 66 Houston Lt & Power 31%’ Indple Water 3!2's 66 oy Los Angeles Rey idk ST Nara Elec 3!2’s 66 N Y City 3's ki N Y State Elec Gas 4's 65 . N Y Tel 3'%'s 67 “ah Northern State P. 31's 61 vy Y Pac Lighting 4'2's 45 . as Scott Paper Co 3%'s » . Union Elec 334’s 62 . Union Elec 3's 42 West Chester Sas 67 Wisc G & E 315’s 66 Wisc Pub Sve 4's 61

By United Press

Abbott Lab .... Adams Exp .... Adams-Mil Air Reduce Air-Way El .... Alaska Jun Alles" cp ot £830 vo eR Cp a w Ste . 353

Id ° JI W WD pr TBI on

Ag Del an Bank Note. 2 Am Br Shoe ... 641; .109

tt BIS et LOJBAN D DISD

et edd

We FPO

Am Mch & Fdy Am Mch & Met Metal i

Anaconda Anchor Cap Apw Paper .... Armr Del pf .. armour I. ... Armstrong Ck . Arnold Const Artloom .. Asso Dry Ges. Atchison ay C Line Atl G & Ww 1 pf Atl Refining ... Atlas Corp Atla® Tack “ Atlas Corp pf . Atlas Pdr “ih Auburn Auto Aviation Corp . Bald Loco Ctf..

Bald Loco . Bald Loco as .. Bald Loco nf as ”

| Callahan Zinc H

| City

Barker Br pt y's 5 Beld Hem . Bendix TY

Beth Steel Beth Steel 5 pf Black & Decker. Blaw-Knox 2 Boeing Air Bohn Al Br Borden ‘Vel Borg-Warner

Buryoughs Bush Term Butler Bros Butler Bros pt. Butte Cop . Byers. A M . Byron Jackson Burlington Mills

wo on

Calumet & .h Campbell Wy .. Canada Dry ... Can Pacific Carpenter Stl . Carriers & Gen Case J «2178 Caterpillar T vo Celanese val Celanese pt Celotex Cent Aguirre e Cent Foundry. . Cent Viol Sug . Cerro de Pasco. 7 Certain-teed = Champ Paper... 5

OY rt pt Yt TD NN

fn Yk ® » a

Cif Chic Ew Ry pf chi Men Ord...

ChMS PAP pf. Ch&Nw Ry . Chi&Nw Ry

Chrysier ..... Stores

Con Edison bf. Cons Film Con Fin »f.. Comes Oil Co R R Cuba pf Con Textile .. Con Coal vie. . Container .

BIRD — tr aw

)

ed o-

LRLIL +1

13.» ron 3 Toe = Na

Cont Steel Corn Pr

e 5034 Crane Co cv pf Srown Cork Cron Ck QDIww 471% Crown Zelle 21! Crucible St.

Cudahv Curtis Pub _..... Curt Pub of ... Curtiss-Wr “v's Curtiss-Wr A .. Cutler-Ham ..

Deere & Co

MANN NON Dd =

ALAN

2089 4LonINd

ed » ow

> 2

nt ...1823 Du Pont deb

East R_ Mill Eaton Mfg .... Eitingon Sch .. Elec Auto-L Bec Boat

Dt NID D) EERE

693% 47,

“INLD et CD eh CY > o

rT & Lt 22 Pw & L $6 nf 70%, El Pw & L $7 pf 75 Elk- H Coal | nf 5%

ony

Yesterday Week ago .

ay’'s Pur. Tota al Bur | . ev8el sz 86 $1.262.257.852.92

e127 Caffee. Rio 7s Spt.

143.96 |

Following are the commodity | daily price index: | Commodity— Today

43.900. 000 | Wheat. No. 2 red (bn.) .

| Corn, No ? vellow (bu.) | Rve, No. 2 (bu.) Oats, No. 2 White bey Flour, Sve. Pat. (196-1b. sk.) . Lard. Prime Steam Spt. «b.)... ab) .. ue Sugar. Raw 96 Test (Ib) ... Butter. 82 Score (1b.) “eee Hogs, Avg Most Fales 1b.) Steers, Avg. Most Sales (Ib.) ...

prices used in compiling the

Week Ago S 1.17% 1.06% 851% 31 7.40 .1130 0914 0360 B13 1295 .0660

Year Ago % 1.167% 1.18 935% 16% 7.625 J22% 08 0370 35% A120 0640

Steel.

Coke, Cement,

Sources

Douclas Fir.

scrap and hides.

Fi:

Sad ET ARARRRRRARE

FE BERLE PYLE EH

LELEELITL:

nn 33

PUTET+1 T+:

FEVEE:

+11:

VEVEEELVEIFF UT FIORE. Fog:

H+

PEER EI+TT): 1

SA RARSRRR RRR

PRICE INDEX AND COMMODITY ¢

DAILY PRICE INDEX NEW YORK, Aug. 19.—Dun & Bradstreet’s daily weighted price index of 30 basic commodities compiled for United Press (1930-1932 average equals 100):

139.45 | Year ago \ . 140.80 | 1937 high (April 5) 158.26 1937 low (Aug. 18) 139.45

Commodity—

Lambs Avs. Most Sales (Ib.) .. Hides, Native Hvy. Steers (Ib.).. Wool. Fine Unw. Comb. Ib.) .. Cotton. Mid-Upland Ib.) Silk. 13-15 Deniers Jap (b.) ... Rubber. Spt. Smk. Rib (Ib. ... Conner Electrolvtic (Ib.) Lead. Spor «Ib. Zine Spot (Ib.) Tin, Straits Spot (Ih.) Silver, comm! Bars ‘oz.) Scrap Chi. Piz Iron. Iron Age Comp. (ton). Connelsville

30 INDUSTRIALS

Yesterday Week ago .... Month ago ..

194.40; low, 165.51, 184.90: low, 143.11,

20 RAILROADS

High, 193%, High, 1936,

Yesterday . Week ago Month ago ...... Year ago High, 193%, 64.46; low, 50.1%, High, 1936, 59.89; low, 40.66,

20 UTILITIES

Yesterday ... Week ago ......... "haat hbtuse Month ago Year ago .... High, 193%, 35.54; low, 25.45. High, 1036, 36.08; low, 28.63,

70 STOCKS

Yesterday .........e00 essaaas Week ago Month ago Year ago High, 193%, 69.68%; low, 31.57. High, 1986, 66.38; low, 51.20.

ena veeas 185.28 . 187.89 —1.28 tessnaaseanaas 187.82 . 182.96

Year ago ..........0000 vooo 165.59

—-2.11

+0.90 + 0.61 0.45

. 52.38 52.55 53.5%

Low 26%

High

El Paso N Gas. 28% Eng Pub 8 «103, 10%, Eng PS 5 pf . 5812 38Ya Boul Bldg .... Sh 3h Erie Py 33 a 16% 16'2 Evans Prod ... 1

Fair Morse

Foster W Freept-Sulph

Gair Rom, Gen

AR Ry Baking ...

Motors pr out Adv. Pr nk ... Pub Sv ... Ry Sig . Riv& U.. R&U pf .. ] Refract Thtre Gillette

420, : 5214 5a 391%

Glidden pf ... Goebel Brew Goodrich Goodyear . 4253 Goodyear nf 127% Gotham Hos .. 083% Graham Paige - 35 Granby . 10; Grand Union 3 Grand Union pf 17'% Granite C =H . 343 Grant W .. 40 11% vo 2134 . 34%

34 Greyhound Cn Greyhound pf . Guant Sug Gulf Mobilea&N

Hall Print or 1 Ham Watch ... ! Harb-Walk ... Hat Corp vii f Hecker Prod ... Helme WwW Hershey . Hinde & Dau. Holland Furn .. Homestake 4

Hudson Motor ~ Hupp Motor ...

Ill Central. ..... s Indian Ref 14 Ind Rayon 38 Ingersoll Rand 132 Inland Stl .. 118% Ineopration Cop. on Insshs cts Interchem Inter Rub Inter Iron ..... Int Agric ...... AZ pr pf... 49 Saryoster.. vd A

(ton)

(ton) . . Dom. Portland (bbl.).. Yellow Pine, 6-tn. hase (M ft.) Rough M ft.) ... Gasoline Tank Wagon (gal.)... Crude Oil. 40 eravity .bbl.) ... 1.2% Quotes—Chieago grains, Boston wool.

26% wa Yin | Jewel Tea ...,, T0l4 | Johns-Man 13TH

Tntst Ss

70% 137%

C “ 17

Kan K 28

Kelsey-Haves Kennecott Keystone Stl .. Kimberly C ... 41 inney EL Kresge S8 . Kroger G & B

BIBS a

Lone Star ‘Cem. 5 Long Bell, A .. iorinard .. Lou & Nash . Ludlum Stl . 37 wl . 11-16 15-18 . 46

45%, 47,

46%; g! . 50 Mandel Br . 1234 12% Man El mod gtd 10 10 Maracaibo Ex . 4 4 Marine Mid ... 10 Marshall Fld . 273% Martin Gl 221 Martin Parry . 8 Masonite Corp . 541% Mathieson .. 36% May D 8 ... 6434 Metall Corp ve 219 McCrory “iy 11% McGraw El 54 McIntyre Porc. 361% McKeesport 35% McKess & Robb 14% 451, . 14% Melville Sh . 703% Mengel a Mesta Mach ... 604 . 19% 2

35%

Macy R H idl Mack

se 108 . Ss ama ag Bd oe

... 38% . I

Mueller Br...

Week Ago 10835 JA8 Al 1048 1.92

Today 1015 JI8% A 1040 1.97 1825 J4 065214 0687 1% 591% Ay 19.35 23.25 4.35 2.25 80.00 52.50 095

cane

14 06521% 0687's .60 AY 19.75 23.25 4.35 2.95 60.00 52.50 .095 1.2% livestock.

“aise sggee

CD RD

1838 *

lard. East St. Louis. zine. Connelsville, coke. Tulsa, crude oil. New York. all others.

2612 10

SITLL

BEERS SRE

SERERRATAES

[I+

—

i WANA

FELT:

FETE +DT

shih)

LEIIEL:

FELETLLLT)

HELE EET

! |

FiEi bet

QUOTATION: R

Year Ago 1935 12 B353% A214 1.80 16% 0934 0460 0490 4243 Ad 15.25 18.73 3.65 2.55 50.00 38.00 087 1.18 steel

| Un

FINAL NEW YORK STOCKS

DOW-JONES STOCK AVERAGES

High Low

Sing Miz B. in a

1834 jin 28 . 38

. i i

3 v2

me ... Aviation . Jioouit

ssh Reg. . Ary

BSR

Loam

Lead Na Ma & Sti Ss: Nat AI & Lt.

at oe al Ju Subply . 38

Norf gs West. No A

Norwalk T

Ohio Oi] ... Oliver Farm Eq Omnibus 0 Ag Cont .... Otis Elev + § otis Steel ... Otis Stl ev 1 pf Owens Ill Glass

Pac Am Fish .. Pac Finance .. Pac G & El . Pacific Lt . Pacific Mills .. Pac West Ofl .. Packard .. . Pan Amer Pet. . Panhandle .... Paramt Pict bara Red ar & Til

Patino Mines .. Peerless enney . Penn Coal '& C. Penn D Cem .. Penn Gl Sd cts. Penn RR "ea Peoples Gas ... Pere Diarquette. 2 Pet Milk Pet -C Cor

eiffer-

Am. rew 1e1ps dg hila Co 6 Re hila Read C I hil Morris .... hillips Pet .... tts Coal

Press Stl 1 pt. Proc cee Public Serv Pullman

Pure il Purity Bak

0a . 1 Tl 38% 15 30

n 36'2 Sharon gS 3 Cot 103 Sharp 10% Shattue & ‘ai 13% Shell Un Oil ... 26% Silver-King ... 14% Simmons 81s Skelly Oil 54'2

A O mith-Cor-T cts Socony-Vacuum jo Am Gold ..

perry-Corp ... Spiegel Inc ....

£ Studebaker <

Sun cae Superior Oil Suth Pap Sweets Co Swift & Swift Intl .... Syming-Gould

Fenn > Texas Corp Texas Gulr Prd Tex G Sul .... Texas & Pac

Transamerica . Trans& West Air Tri-Cont Traux Tra .. Truscon Stl ... 20th Cent-Fox . 20th Cent- " Nido Twin Coach..

Ulen & Co .... Und Ell Fish . Union Carb 1 Un Oil Cal .. Pacifice

Te . 131 RS

Ja3qqdaggqaaqaaac

—- 3

Un Cyclops “su RY, Ut P&L A 2

ver o SV Va-Car 6 pf .. 57%

Wabash nf A . 8a y2jdort Sys ... 3"

green Walgreen nf ww Walker (H) a Walworth .. 14% Ward Bak B .. 6% Ward Bak pf .. 68

% Warner Bros .. -- 134

. 4 . 40 31% 48%, 43 0 Va 290% 8

Westvaco 5 » Wheel Steel Wheel Stl pf . White Mot ..

3 y 3 z \ y 3 y y \

® 11514 13015 6

B63 BIBImeb3 Seo = 3

CdD rt CR Cad et Cad et

59 96 901, 707% 115% 13075 B54

Sa 181, 2

8% 561

—

23%

EE: g I:

FLEE]

+11}

ii;

IIE: LI:

—

LEE

SERRE RRR RR ECE R RRR RR

111

AEE RRRFSRRARAE

ARERR REIN RE

FEEEREERLTG:

PETRELLI:

SIH

LITT

—

FE an

wow

Po owe

0 0 pe Soa

al a BEEN AAR

| Cutter, common and medium. .

HOGS STEADY TO “ QUARTER HIGHER AS LAMBS DROP

Vealer Prices Advance 50 Cents on Local Market.

Today's hog market approached a pitched battle proportion for a good part of the forenoon session | 3 when buyers’ and sellers’ ideas were | wide apart, according to the Bureau |2 of Agricultural Economics, U, 8. | Department of Agriculture. Sellers |

on with their eyes on higher trends | ,,

at outside points, stubbornly stuck to higher asking prices. After two hours of jockeying both sides had to yield and the trade was established on a steady to 25 cents higher basis. Weights between 250 and 300 pounds were up most. Top was 10 cents higher at $12.65 on choice 210 to 225-pound weights. Sows advanced 25 cents under active buying support. Generally steady prices ruled in all branches of the cattle trade. Some improvement was in evidence for common and medium grass steers on local account, this particularly applying to kinds selling between $7 and $10. Practical top on steers rested at $14.85 for around 1080-pound weights. Vealers rose 50c as supplies fell short of trade requirements and shippers competed actively. Good to choice offerings bulked at $11.50 to $12.00, with others largely $10.50 downward. Steady to 25 cents lower lamb prices accompanied weaker dressed trade reports and declines at other large markets yesterday. A few lots of strictly choice lambs held a top of $10.50, but bulk were good to merely choice kinds at $10 to $10.25.

Receipts 2000

PONS W SPANDN

2.5 19 12.35@12. 8 Light Lights— (140-160) Good and edium Lightweights— (160-180) Good She

Mediu . (180-200) Good and Medium Medium JelEiL and and

33 03

tated viet ed etl etd

ois ow

ao BD Ws

— RD NDP AR APD

Peo

ay oe

choice. . choice. .

and and

pt a

(290-350) Good Packing Sows— 1275-250) Good 1350-425) Good . (425-450) Good (275-550) Good Slaughter Pigs— (100-140) Good Medium

ND Wd WW ~Itd DP Bd Ww ND Oh Nr >

a DOD rae IN Nand

-3 >3 3 D333 9 0 9933

—

©> -303 wn

CATTLE —Receipts, 500— Steers (550-900) G

C (900-1100) Ci (1100-1300) im €

M (1350-1500) C

[email protected] (550-750) [email protected] g

Good and choice . Common, medium

(750-900) [email protected]

Cholce Good .... Common, medium Low cutter and butter Bulls, good Cutter, common ....

Good (beef) 8.75 5.00@ Vealers -—-Receipts, 600— Good 3nd choice Mediu Cull a medium

11.004 12.00 9.50% 11.00 8.00@ 9.50

(250-500) Good and choice . 9.006 11.50 Common, medium. 7.00@ 9.00

Feeder and Stocker Cattle Steers (500-800) Snoe and choice. . on, medium ,

(800-1050) Good" and choice. . Common, medium ..

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

7.00@ 8.50 5.75@ 7.00

5.25@ 6.25 4.75@ 5.25

Heifers— Good and choice oo Common and medium Cows Good .... Vash \ Common and medium .. SHEEP AND LAMBS —Receipts, 1500— Spring Lambs— Choice 50 25 75 25

. -=- $18, 25@10. 9.753 1.

.25 S0@ R nna 4. 0@ 4.

h we (90-175) Good and choice . 4. 50 Common, medium. 2. 00 By United Press

CHICAGO, Aug. 19. Hogs -— Receipts, 8000, including 2500 directs. Market generaly 10 to 15 cents higher than Wednes- . up. 15 to 25 cents .90; bulk good, choice, 180-240-300 lbs. $12@ few loads butchers. 315-330 1bs., $12.20; most good packing sows, $10.60@

Cattle—Receipts, 5000: calves, 1500. Very moderate supply grainfed steers, yearlings steady; medium to rood grades weak to 25 cents lower: best fed steers, $17.90: some, [email protected]; trade dependable on kinds valued $15 up: she stock steady: bulls, 15 to 25 cents lower: vealers, steady: top, $11.50: cutter cows, [email protected]; grass heiters, '[email protected]: top weighty sausage bulls, RA — Receipts, 9000, including, oo directs. Spring lambs active: 10 25 cents higher; choice Utahs, $11: Eve $10.50@ 10.65: top, $10.75 bid: sheep, steady: ewes, $4@ 5: top, $5.25. LAFAYETTE, Aug. 19 —Hogs—Market, steady to 20c higher; bulk, $12.30@ 12.50; 225-250 v ik Mig $11. 170 1bs., $11@12; 130- 180 ibs. 100. 150 ‘ 5a

he $1.25; stags. $9;

calves, $11; lambs. $10

New York Bonds

By United Press + BOND PRICE INDEXES 20 20 20

Indus, n2.o 02.0 21.6 Ls

Rails 21.5 01.8 23.4 95.8 9.9 101.2 90.1 100.4 84.7

Util. 101.6 102.0 95.2 101.0 95.3 105.9 9 101.5 20.2 106.0 100.5 99.3 93.4 106.2 100.2 103.5 93.3

Bonds Yesterday 95.0 Week ago Month ago .... Year ago Two years ago. 89.3 1937 high ...... 95.0 1937 low ...... D0O.8 1936 high ...... 94.8 1936 low ...... 90.0 1935 high ....,. 91.4 86.4 103.8 03.1 1935 low ...... 83.6 9.0 89.3 83.0 (Copyright 1031 Standard Statistics Co.)

U. 8. GOVERNMENT BONDS Treasury Bonds 3% fina 34s 3s Ts Hi : Zs 1 960- errree JOYOD TOD s 1050-56 99. 2% Home Owners Loan Bonds

1052-44 102.23 102.23 Bonds K

1941 reg .. 1348- -43 ...

POODODOD mses

— DO

Land Bank

> @

ob - CEE

tt kk eh dk oe ek ODDO DOOD ~

BD re 2 BD ee te

DOMESTIC BONDS m & For P

h A ha 3030 Vas Tah ATT deb _5'z 112

Arm Co Del’ 3s 3s ‘ae At TSF cv 4,5 48 .... At TSF gen 45 95 Atl Coast L 4s 52 Beth Sti 445 60 .. . Can Pac 0 3 erp .. Ch & O 31, 9 Shi Nat 1’ i 51 M St P

0 & Mo Pacific 5s I 81 Mont Pow 3%s 66 Not, P

. B82 } a 103% Yng S&T 3%s 51 ....1 146% FOREIGN BONDS High Low Argent 41,5 7 . 1017 Brazil ry 26. 27

German “7s 40 Japan 6'2s 54 Norway 4s 63

INVESTING CO.’S

(By the N. Y. Security Dealers Assn.) { Ask! Ask 1! 30.33 Inc Invs. 25.55 ads Inv Fd C 3 80 187 Ki . 9.80 10.74 '37 Mass In T 28.89 30.65 5{Mut I Fd 16.59 18. 3 I . 1.83 7.8 . 4.53 a8 +. 211 287 . 19.28 20.73 ks, Ine. cs. 10.99 11.87 + 11 7 1

13 1001 1002

2 ii! 25.00, 9 5

— 3. x ® CC th ft Bh pk BSI ITT DUNO DI CaN WADD

iy Sth, Dep B NY Diver B . Diver D . Divid Shr Corn Inv Equity Tr Fidelity . 1st Bost . 26 Fix Ir A ’:s.....: Found

Fd In Ine Fd Tr A

Sen cop i 8 In 7.10 Senile

w —

a ®

« « Nad i pt tp RO dD QI S900 * : . tt, DD rm 13 3s 0 RI LW AEN Pa>

Ida SeANI3F nt ‘xen "3 >

— ADP TC Baas. Li:

DP Ore redo

1.05 1.57 58

Inv Shrs Hur Cp

NORD aDD— Sera?

08 well Pa’

CHICAGO PRODUCE

9569 extra dir-

12,003

— xd

Eggs—Market steady: receipts, cases, Fresh graded firsts, 20c¢; firsts, 20'2c; current gceipts, 181¢; ties, 16'4c: checks, 16; Butter—Market Armee receipts, tubs. Extra firsts (90-9112 score), 32a 32'4c; firsts, 20% @30%c; seconds, 25m 28'2c¢; extras (92 score), 32'sc; specials, 33@33':¢; standards, 32c: centralized (80 score), ale; centralized (88 score), 302, Poultry—Market steady; receipts, 34 trucks. Geese, 13@15¢: ducks, 13% |8¢: hens, 19!'2@21c; Leghorn hens, 16'5¢c; spring chickens, 19 24c; broilers. 17@ 23c: roosters, 3ls@1chs; fryers, 18@ 24c; turkeys, 15@17c. Cheese—Twins, 1714@171¢; daisies, 17% @18c; longhorns, 173; @ 18e. . PotatoesSubplies light; demand slow; arket steady Idaho Bliss Triumphs, 81 [email protected]; Idaho Russet Pirbanks, $1.95 S. No. 2, $1.30@1.%0; Colorado "Triumphs, $1.40; Orego: Bliss Tri$1.70; Washington White Rose, Washington Russet Burbanks, $2.10; Oregon Russet Burban $1.80; New Jersey Cobblers, $1.40; Nebraska Cobblers, $1.10/@1.20; Nebraska Bliss Triumphs, $1.10 @1.40; Minnesota Early Ohios, 95¢. 66; 123; shipments,

Arrivals, on track, 15.

LOCAL PRODUCE

(The prices quoted are paid for stock gathered in the country, while for deliveries in Indianapolis the prices are 1 cent higher. Each ay case of eggs must weigh 55 pounds gross. Eggs—No, 1 strictly fresh, loss off, 17¢ doz and over, 1%; oreed broilers,

Heavy breed hens, 5 Ibs, Leghorn hens, 12¢: heavy 1037 stock, 2 Ibs. and over, 19c; Leghorn broilers, 1937 stock, 2 lbs. and over, 17c; bareback broilers, 1937 stock, 2 Ibs. and over, 13c; old roosters, 9c; ducks, fullfeathered and fat, 5 Ibs. and over, 5c; geese, full-feathered and fat, & to 14 Ibs., Butter—Creamery. No. 1. 351:@36'>¢; No, 2, 33@33'2c. Butterfat—No. 1, 30c; No. , 28c.

n 1 FOOD PRICES CHICAGO. Aug. 19. —Sweet Tennessee, Nancy Halls, [email protected]. Carrots—Illinois, bunches, 1@2c. Spinach — Illinois, bushels, 10@ 350¢c. Tomatoes—Michigan, 12-qt. basket, 25@60c. Taulifiower-— Colorado, crates, [email protected]. Peas—Colorado, hampers, $1.35@ 1.50. Celery—Michigan, flat crates, 40@60c. Onion Market— 150 1b. sacks): Wisconsin Yellows, 77'2@ 85¢c. Washington Yellows, $1.35.

Potatoes—

WHEAT PRICES DROP 3 CENTS; CORN FOLLOWS

Argentine Rains and Winni« peg Weakness Send Market Down.

By United Press CHICAGO, Aug. 19.—Wheat fue tures tumbled 3 cents or more a bushel in active trading on the Chicago Board of Trade today when prospects for large sales to foreign nations evaporated. The market added to the decline of yes terday and the September and May deliveries dropped to new lows for the movement. At the close wheat was 3's to 33 cents lower, September $1.07; corn was 1% to 13% cent lower, September 98 cents, and oats were 's to '2 cent lower, September 29% cents. Heavy liquidation, coupled with stop-loss orders from the pit at the opening today and continued to be the dominating factor during the rest of the session. Accumulation of winter wheat at terminal points and the fact that the spring wheat crop is moving to market and Canadian grain will be set in motion in the near future added to the pressure created by the failure of European countries to take on supe plies of United States grain. Weak« ness in Liverpool and reports of Lain in Argentina also contributed to the bearish feeling in the pit,

CHICAGO GRAIN

RANGE Prev, Close \ 10% 12% I tiie

h Low Close 3. +H ’ 07 a 09

i 10% i 1 H7%

6634 667

98 B87 667,

99% .68% 293,

20%b 30%b

207% 29% 3002

80 80h A Maa 18 18

N64 95 08%

3. 1. 1. a Ask; b bid,

CASH Wheat (new)-—No. 3 No. 4 red, 94c® $1.04; No. 2 ha 141, 1.15; No. 3 hard, hard, $1. 0346,1.09%% g hara, 88’ a, 81.0214; sample had, 85¢@98 4c: No, 4 mixed, $1.04; a 5 mixed, JHlac sample Ro A venom. 3i.op. rd tough, 2051.06. No. 0. 2 yellow, . hive. $1.08. ats—No, wh Ne

Jam

red. $1. 02's ian

’ 0. 1th Bale Peed. 22 malting, c nominal, Timothy Seed-—$2.50@ 2.60, Cash Provie sions—Lard, $11 nominal: loose, $11.28 nominal; leaf, $12.62 nominal; bellies, $16.75 nominal,

LOCAL GRAIN

CASH wheat, ~Market. weak: recel Ls, loads; 1 red, $1.01'2@1. 22 red. holies ori: No. 1 ha 1.02%; . 4 hard. 997406810174, weak; receipts, No. 2 white, 31 01261. white. 9872¢@8$1.0172: No. 4 white. 98'z¢; . Hh ll, 0115; 0

14 care No. 2

No. § 4 4 yellow, 1 2 mixed. 97'2@99"2¢; No. 3 vele ‘ 951, @97 Vac; No. 4 “Yellow 93) 2951 he, O steady. receipts, ’36 care 2 white, 286 29¢c. No. 3 white,

WAGON WHEAT City grain elevators are naving for Ne. 2 red, 97¢; other grages eon their merits, Cash corn, new No llow Me. 0. ONS Hay-No, 1 ond $15@15

ARGENTINE GRAIN

BUENOS AIRES. Au 19. —grain fe tures opened firm Wheat —Sentember, $1.22%. unchanged: Novem? 81, 1815 . Une Corn—September., 53%e., une November 55%c. unchanged. , 287s¢. unchanged. Flax—8epe 23, unchanged; November,

$1, $1.31%. unchanged

WINNIPEG WHEAT

LIVERPOOL WHEAT Prev, Close $1.25% 1.25% 1.26% 1.23% 1.23%

High Low October . $1.25% $1.28% December. 1.28%

March . 1.24, 1, 24%

FOREIGN EXCHANGE

NEW SORE. Aug. 19.—~Noon foreign exe

change firm } Cabie Rates Change England (pound) 4.99 -.00 Eng. (60-4. bill rate) 4.08% Canada (dollar) ... 1.00 France (franc) 0375; Italy (lire) 0526", Belgium (belga) rmany (mark) Ger. (travel mark) Svitzeriand (franc) Holland (guilder) Soain (peseta) Sweden (kroma) Norway (krone) ... Denmark (krone) .. Australia (pound) Austria (shilling) Czech oslovakia (koruna) “ Finland (markka) Greece (drachma) . Jugoslavia (dinar) .. (pound) (zloty) Portugal (escudo) . Rumania (leu) .r Argen. (offl. peso) Argen. (unof. veso) Brazil (ofl. milreis) Brazil runof. mil.) Chile (neso) iss Peru (sol) Uruguay (neso) Mexico (silver peso) Hongkong (dollar) Shanghai (yuan) India (runee) Japan (yen)

—

Colonial

Savings & Loan Association

MEMBER FEDERAL sayinas INSURANCE CORPORATION “CAN

28 South Illinois A

High Low

.. 14% . 42 4, . 9% . 48 . 40% 605s 121%;

Net Close Change White Rock Ms ...

Woolworth .. Worthington

Wrigley vege Wheel Stl pf..

54 . 23% .. 40% . 92%, Bp. . 41% . 3

Young Ww Young Sheet 90% 40

Zenith Rad ... Zonite ...... 5%

EEE

Merehants Bank wa.

MUTUAL INVESTMENT FUND

Founded in 1026 A MANAGED PORTFOLIO OF COMMON STOCKS

Prospectus and Other Literature on Request.

T. P. BURKE @8 COMPANY

INCORPORATED

INDIANAPOLIS South Bend

RI-8585, Terre Haute

A LIFETIME

Let the Passing Years Provide

am (ITT Pry.

As the years roll hy, let the rent money you are now paying help you in later years when you want to take life easy. Select now the home you want for yourself and family. Our Budget Monthly Payment Plan will help you buy it and help prevent strain upon your income. Act promptly and let time work Tor you this. simple way.

Available on atone County Real Estate Only