Indianapolis Times, Indianapolis, Marion County, 4 September 1937 — Page 11

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

8y United Press - 15 MOST ACTIVE STOCKS Net

SATURDAY, SEPT. 4, 1987

TRADING IN STOCKS NEARS STANDSTILL BEFORE HOLIDAYS

MARKETS AT: A GLANCE

Stocks dull and irregular, Bonds irregularly lower and quiet; U. S. Government issues irregularly lower, Curb stocks mixed. 3 | Chicago stocks irregular, Am T | Foreign exchange steady. Am Cotton futures rally after early Am | easiness. ne av | Grains in Chicago; wheat steady > al

High.

Ne Low. Close. Chane. Net Adams Lg vows 11 17 17

HOGS RECOVER By United Press BOND PRICE INDEXES 20 20 20 Inds. Rails Utils. Bans Siti 6. wt. Bigs, Low. Close: change. Today v.vvvvr 915 80.0 100.2 93.6 | $ p 7 1 wo Addressozraph . 3% 31%2 3 | Radio Corp .... 113% 11% 11% + % Su ri = es Ci, ; 432 x Month ago .....01.9 01.6 102.0 oH Air Redu 083 88% Ea i 21% 2% 2% + % | Stew-War 1% 17 1% Year Ro «uot 91.0 969 1058 98. Alleg Steel Studebaker 127 Allied Mills ... US Steel 3% 108% 104% + 1% |S. 0C0PY RT > 1937 high 95.0 101.2 106.0 100, : i ; perhtr 40 fe gh ...... 95. =] Ale ores -. 0 Graham Paige.. 3% 3% 3% Superior Oli ... 4% I Advance From Lowest Mark iss: tow ..... 90.8 889 99.3 93.4 Ak Preholiday Trade Allis Chal few 25- : Gen Motors 53% 5% 53% ! 100.4 106.2 100.2 | Swift Intl .... 1 2 1 = : Be ol Syming-Gould Since Mid-June in 1936 : Dominated by Long Alleghany Corp 2%: Ng Syming-Gd xw 1935 01. 86.4 103.6 93.1 1935 3.6 71.0 89.3 83.0 Local Trade. (Copyright, 1937, Standard Statistic Co.) |

N. Y. Bonds ‘e Nd 9, " 9 6 Std © Cal .... 41% : 41% Yesterday ......91.5 89.0 100.2 3. fllean Corp Nat Gypsum ... 9% 9 93 =— 3% | Stone & Webb. 203% I 20% + Two years ago..88.8 79.8 1008 89, Alljs-Cha Swift & Co ... 231s 2 3 ies 1936 high ......98.8 Rep Steel 3415 33% 3% 84.7 1035 93.3 Gen Elec 51% 350% 3 Sunshine Min .. Selling " -

own i Crys Sug .. enc TH ... X

wr =

351% ? 293, A } %4 | Talcott J 35% i: Texas Corp = Tex Gulf Prod 19% I's S| Tex G Sul 25 2 2 : gf C&O... xo = 6 ex Pac 1. T . 53% 57 | Thermo “uve . At apr «| Thomp Star . Transactions approximated 230,-| [SOME Sar

Goodyear | Canada Dry | N XY Cent 1, | Socony Vac Vs | Servel ‘ . [rn Cop .

- C3 * x

Share Prices Move Slightly, Lack Any Trend.

(enced a 10-cent upturn in all Net Month Year| ing by overnight longs wiped out w or y Close Change Ago Ago | an early rise in wheat futures on | weights of hogs today, according 0 cuserar 5 3 lh —1 WK AK] the Chicago Board of Trade today |the Bureau of Agricultural Econom- [Int T&T 4'ss 39 89% ~— - | and prices drifted lower in a typi= ics, United States Department of | Nor Pie 85 2007 10% - % “Ti0% *| cal preholiday session. Activity in

actions approximated 55,000 shares. Tr. — b Hi I NY dt 2 v x 5 : | Truax T ui : Top on the schedule rose to $11.55 | | NY © 5s 2013 .. 95% 97% compared with 65000 shares last 20th Cent-Fox . 3 3: 3" re for RD . 210-225 weights. i IB & O 45s 60.. 60% , 66 trades before the week-end. Spreads Saturday. coo 168% 16% 16% .. X eig OWS | Nor Pac 4s 97...10314 105% 110% | ers sold against purchases in Winnie

Twin Coach 4 continued to drift lower, bulk sales |Thd Av 5s adj 60 HY, 16% 38 og. at $9.25-0.75 comparing weak to 25 | Erie 5s 5 65! % 0% 86% | At the close wheat was unchanged cents below Friday's average. Bond turnover approximated 82.- | to 5 cent LN 040,00 , st | corn was lz: cent lower to % cen Duriig ie Tues week Tog prices | ye pt mpared With 7%, 102000 Yast higher, September, 87% cents; and have declined unevenly 10 to 20

—— oats were 4 cent lower to 's cent cents, with the exception of light U. 8. GOVERNMENT BONDS higher, September 30 cents. lights and pigs, these holding steady. ICUs BUN Supporting orders were uncovered When the top rested at $11.45, it was | 3

His To (008° | around $1.06': on December. dF lowest since mid-June. E

Improved shipping demand influ-

| | |

of TTP W138 ® uD 3 oi »

OAs

NEW YORK, Sept. 4 (U. P.) .—Prices moved irregularly in a dull, featureless session on the stock exchange today. The nearest to a feature was Johns Manville which lost 415 points to a new low at 117." Volume in the issue

$9. 4 hae a oo»

4111+;

v. Close. change. oui SRrh 33% — % | Un Aircraft Cp No Am Avn.. : Un Air Lines .. No Pacific 26% ; Un Carbon 8 Ohio Oil 1 17) United Corp .. Omnibus 151% 3 14% United Cp pf .. Otis Elev... 353% 35% ~ United Drug 24)2 + Ys | Un El Cal ‘ ay. aww Un Eng & Fdy. | United Pruit

Arch-D-M . corn up % to 15 cent a bushel. Bpmous | Silver up 1-16 penny to 197% rmstrong Ok . pence a fine ounce.

FLYNN PREDICTS

No Amer pf... 53

Asso Dry, Gds .. | Asso Inv | Atchison Atl Refining ... | Austin Nich ... Aviation Corp .

Bald Loco ... Bald Loco as .. Bald Loco ctf

Liverpool closed 4 to '2d higher when unfavorable crop reports from

was very small, however, and the decline was caused purely

MORE DEFICITS

| Barnsdall

Ralt & Ohio ... Barber Co

| Panhandle cee 2Y a1 + 5, | US Gypsum

| Paramt Pict | Para Pic 2 pf

| U 8S Leath

U S Leath A

| U 8 Pipe & 'Pdy

Today's cattle trade was on a nem- | 35 | inal basis, receipts being negligible. |’

| sections of Australia revived buying. | Buenos Aires opened fractionally

Burroughs 8 - Ph] Torrie y N IN ush Term .... s ‘eu illips Jns By JOHN T. FLYNN Butler Bros .... 152 + Phillips Pet

Times Special Writer Buite COp ..... 53% Pitts Sc & B .. 14 Plymouth Oil 23 WASHINGTON, Sept. 4.-—-Con- Postal Tel “ : ss S p gress is far from here, now, but Droste ke OF oo: the air still is disturbed at inter- Public Serv : y - Pure Oil .. traders left the city for an ex-| Vals by Congressional eontrover Panty Bak tended vacation over the long |Sies. The rankin Democratic mem- Pure O rts week-end. The little business trans- | ber of the House Appropriations acted was routine and insufficient | Committee has just declared that to warrant opening the market, ex- | | ‘Congress will balance the budget | ches & Ohio ... perts said. | next yvear—all save payments on | Mr pi.. Bonds made an rena decline the debt. A Re- | oy in dull trading. Japanese issues publican mem- City I&F were fairly steady. United States : YN ber here on | Coca-Cola Government issues eased small SY guard ridicules | e amounts. : th: idea and] Commodity trading in markets | the two gentlewhich were open for the short ses- : yO men engage in | Com Credit sion was as dull as dealing on the| 1% ws & a spirited de-| Som lov

i Com Solv big board. bate. | Comw & So .. In this busi- | : A \ sis Cong-Nairn DOW-JONES RX : Cons Edison 30 INDUSTRIALS * ing the budget, | cons oi xo a feature is ov- | Con Textile .... Cont Bak A Cont Can

| Compared with the close of last week Tesi en Sonia an or i git me | changed to de of “Sc VEn'y ‘steady 10 <0 CeNLS | 7%s 1960-55 .........100. : | A strong trend at Winnipeg 5 | higher, strictly grain-fed Kinds U. S. I wtare $vrdare WATS PORRETIR y bre ess where traders were reassured by the showing the advance. The closing ‘ti - ron . : undertone on short-Tedl and: grasse action of Liverpool later attracted J [Xebruan). So55 1998.....10 i | hedging sales and the advance was

U S$ Realty lower while Rotterdam finished une

U S Rubber {US Rub 1 pf U S Smelt {| U 8 Steel | U 8S Steel pf | Un Stk Yd | Un Stores A | Univ Leaf T.. UWL P&LA..

PA]

PNNNAEZIEN AN

by thinness of the market for

the stock. Several other issues made new loans. Macy dipped to 42, a new 1937 law ond then came back to 4314 where it was 3s point net higher. Union Pacific made a new low at 1121: off 1'2 on the first deal and failed to sell again. Canadian Pacific made a new low at 105 off 1;, and Consolidated Oil equaled its low. Servel rallied slightly after making a low at 25 off 12 point. The Street was deserted as many

‘Local Unit Also Must Be Considered in Budget, He Declares.

WaNDN—= DNR WLERH DW

Asked Yield September 3'4s 1937 | 100.1% February 23s 1938.... 27 100.29 0.34

—

CIA

| Vadseo Sales Vanadium Vies Chem .. Va-Caro Ch....

fa) pt on Naa

Cal Packing ... 34% Callahan Zinc . Calumet & H... 1 Canada Dry Canada Dry Can Taeiho Case Cae liar Celanese .... Cent Foundry’ Cent RR N J Certain-teed

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Radio pf N Radio-K-O Reis Robt Reliable Stores Rem-Rand Reo Mot ....... = Republic Stl ... 3413 Re puDN. St i 2 997% Reyn Met 24

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Safeway vere O30 St Jos eee 95 St 1-S Fran ... 213 Schenley Dist... 40's Schulte R 11 Seabd Air L pf. 4% Seaboard Oil .. ® Seagrave 2 Sears Roebuck. 8 gt: 2

$d CN TY BD BD + fs D 1303 8 r= U1 0D r= 1 Oi wT = 1 pI

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ere Comw & So pf STOCK AVERAGES ness of bhalancCons Edi pf it Container

Yesterday

wen Fimi~ay Gan ranan

1. 1. . : : 1.5 | Cen Pac 55 woeees 938 93% 93% Be ne Tio 80% 5@11. & Ch & O 3 96 E.... ! ¢ 96% | Mav : {ity Light Lights Chi East ni 5s 5 . 27 oble A ih (140-160) "Good and [email protected] (Ch M St P & So { 3 :

offerings was very undependable, in- : { : Li , : J 27s 1938 . 2 01.4 | pared away. Export sales we dicating a possible downturn next, | enor 310s 1938 ll 10195 101.8 [Sake : po ™ T § } K September 1%s 1939 . op for the week on steers was | December J 2 : ; : 5 3000 shels, }C 8 $17.30, a new high in nine years. 1940 ..... 5 | set Co ht Local receipts were December 1'.s 1940. .... 3 Sel a 0 Cars. March 15s 1941 ....... 99.2 Walker (H) pI. to 25 cents higher, while light kind § Walker (H) pf. o 25 cents higher, wh i xinds oi oe grading IO ring sold Es gia 1002 174 ing. A feature at the opening was bs Federal Land Bank Bond | \ + i y . Worl Tati of. S the covering of a line of short Sepe Warn-Qlin 3s Jan. 1956-46 ..100 1-16 100 5-16 2! a late top of $11.50 were 50 cents |3s ; -46 - 20 West Md p 3%s May 1309-8 ..100 1-16 100.5-16 138 der its own weight but a rally est nion turneaq 1068 HW ’ 1oi6-48 3057 bi 1 prices upward again, The 5 | Wheel Stl pf. ... b : : | White Sew M.. For the week strictly choice kinds Nov. 1958-38 ..10: 104 i are 50 cents higher, while all others Federal Farm Mortgage Bonds . ~. J Co... CHICAGO GRAIN 0 Nn , Home Owners loan Buhds , RANGE Yale as 50 cents off. The closing top on 1949-39 .. 10 100 Wheat— Young Sheet choice slaughter ewe and wether Close | p vvvas 10 1.06! r « 1.10% 1.000% Arm Co Del 4s 55 .. 98% 985 98" | gen 4s 95..110': 110% | spt. ... an n&1 4 1 ' : . {Bu R & Peonvis 38 97.... 16" } > " 20% | Bush He +e BG 56 § ay veo Willa Sl Shell Un Oil .. 24% 243s 24% Shell Un pf {

especially with the collaps , March 1'zs 1939....... 100 : pecially collapse of the Milling demand for wheat here March 1%s Wabash Strictly choice heifers are eligible to : S ! g Corn prices were firm the greater June 1%s 1941 Walworth 25 cents off: Bulls closed 25 cents y J Bid Asked Yield | tomber by local professionals, Warren Br.. under last week's finish. Stockers | 3's May 1995-45 ..100] 102 2 Westing El ) . ’ 10214 0 weather map showed rains over White Sew M . ranged steady to 25 cents lower, some J 354-44 3 og 1083, Yorimgien 3 “ 3 2%s 1044-42 8916 9916 99. 16 | ‘ Low Zenith Rad [lambs was $11.25. Sheep declined High Low . 8 74 T4 (Reprinted From Late Times Yesterday) | A 8 128 64.. 90% 907s 8 weers. Join £3 HARVESTER T How : S ue” Tes 86% | May vw 8% Bi% 2 B Top, : N 5s F 1996..... 739 1 13% | 28. 511.78 Recelbtz 5. & as 5012 60! Simmons

Month ago Mr. Flynn

Year ago High, 1937, High, 1936,

: : June 2'as 1938 3 v " . . Chicago market late on those kinds. | was quiet and shipping sales totaled June 1':s Wabash vee 8 63 + $15. Weighty cows ranged st : 1 51815, ! S strong f : 267 . ] g 8 Poe as Jal iii part of the session on Eastern buy Ward Bak B .. lower at $6.50 down and vealers with July 1955-45 ..100 1-16 100 5-16 2.96 Warrer Fu. 97 | Shortly after the market broke une ; 1946-44 . 7 Westing. an slumped. : July 1946-44 ; 1087s 5 eel Stoe Lamb i , i $ May 1958-38 .. prices today were nominal. is May 1987.37 A 10094 | most of the belt. Wilcox O & G. A G 1949-44 101 25 108 hh 101 sales of medium grade kinds as much Yale & DOMESTIC BONDS $1.045% Zonite 25 cents to sell downward from $3.50. | 4m & For I 5s 2030... ¥ % oa $1 [3 Af ne 1 Beth Stl 4%s vaw ‘ " : . o 297 Shasiuek 5 : Fe ] ; 1 1

194.40; low, 165.51. 184.90: low, 143.11, 20 RAILROADS

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64.46; Tow, 47.17 59.89: low, 40.66. 20 UTILITIES HOARY osvivnvvniiivevariean 26.87 Yesterday Week ago ..... . Month age Year ago High, 1937, High, 1936,

1.08 4 No. § Tord 85% @BTc: 5 vellow $1.0745:

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Prev. close $1.25, 1.268 1.22%

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Allis-Chalmers 4s 52 7 Atl City 34s 64.. ivevwnrvwes B&O 4'4s 39 B F Avery Sons 5s 47. 10234 | Calif Oro Pwr 45 66 Fearn Cent Maine Pwr 4s Cent Maine, Pwr 3'% | Cinti G &F 7 | CMO 25

DID 00] he WAND W TD adres EO : -

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Helfers— Good and choice 7.00@ 8.50 Common ang medium 5.7%@ 17.00

500@ $5.00 | 4.50@ :.00

Harh-Walk Hayes Bdy .... Hecker Prod Holly Sug acc Homestake . 3 . Fiscal Fund Houd-Her B .. 22 22 ohri “a 3 . Bank Househld F pf . 05 | . 3 Ins Houston Oil Div Shrs Howe Sound Comw Inv Hud Mof Equity Tr Hupp Mot

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102%

1631414103 33 38

SHEEP AND LAMBS Receipts, 50--Spring lambs— Choice Good Medium Common | Shorn Ewes— (90-175) Good and choice... 3.00@ 3.50

Common, medium.. 1.75@ 3.00 aay so re.| CHICAGO PRODUCE

Potatoes—Sup-

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| Union Elec 3s 42 West Chester 31» Wise G&E 3'4s Wisc Pub Svc 4s 61

COMMODITY PRICES NEW YORK COTTON Prev, Low Close Close 13 922b 16 1 0.14 9.1 9.22 9.25b 9.20 9.34 937 0.43b 0.47

| Gen Cap df | Group Secu Agri

| CHICAGO, Sept. 4 (U. P.)—Hogs ceipts, 2000, jhehiding 1800 directs, Produce market. closed . | Ret, weak 10-15¢ oN 0 ace a plies, liberal; demand, light; market, fair; | averages 311.50: oe Pasi ew medium | california White Rose, $2: Idaho Bliss fo good 180-030 ins. $11; few sows, S075. | Friumpne. 1350130, “tdsho, Rosset Bur: n anks, $1.65@ : £ 0. 2, @1.15; ket, steady: for week medium to good light innesota Cobblers. 85¢c: Minnesota War4 | steer and heifer yearlings, 1000 Ibs. down. I Nebraska Cobblers, $1: North $1 or more off: light steers, 50@T75¢c 1oWer: | pakota Bliss Triumphs. $1.10: Wisconsin D | beet cows. 25@50c off. light bulls, 25c off: | Cobblers, [email protected]': Wisconsin Bliss TriDa TY GC OA . Satisage pulls hd vealers. Steady: top fed | iminhs, 85¢; Wisconsin Warbus, 95¢; WashB fe S18. 40 5¢ . =, A H ington White Rose, $1.50: Washington USENaPE a] PCR i pT di st Russet Burbanks, $1.80. Arrivals, 76; on Sheep Receipts. a track, 227. shipments, 453.

26.5 96 1 2 1. % well Fa : 41 | spring lambs mostly 15@25¢c ; vo FOOD PRICES i oar

5 15 slaughter ewes, 25@50c lower; spring lambs top. $11.15: Yoarlings, a CHICAGO, Sept. 4 (U. P.).—Sweet po- NEW ORLEANS COTTON tatoes, Tennessee, bushel baskets, 75¢90c; High L 9.25

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FOREIGN EXCHANGE

NEW YORK, Sept. 4 (U. P)~{losing

Lr MLD Ww

Kan C Sou Kelsye-Haves Kelsey-Hayes Kennecott Kimberiy Kresge D S

9.25; top slaughter ewes, $4. carrots, Illinois, bunches, 1@32c; spinach,

Michigan, bushels, 606@75c; tomatoes, Michigan, 12-quart baskets, 15@40c; caultflower, Colorado, crates, $1.10; peas, Colorado, hampers, $2.40% 2.50; celery, Michigan, flat crates, 40 50c; onions, (50-pound sacks), Indiana vellows, 65@67'2¢; Utah | valencias, $1.15; Minnesota yellows, 6712c¢,; | Iowa yellows, 67'%2@T0c. | FT. WAYNE, Sept. 4 -(U. P.).—Hogs— Market, 10c higher: 200-225 ]bs., $11.20; 225-250 1bs,, $11.10; 180-200 Ibs, ;

LAFAYETTE, Sept. 4 (U, P.). —Hogs— Market 5@10c higher; bulk 200-225 Ibs., foreign exchange easy [email protected]; 225-275 lbs, S11 206211.30: Cable Rates Change 275. 3a, Jbs., $1111.10: 170-200 Ibs. England (pound) 4.957 —.00! 11.1 0-170 Ihs.. $£[email protected]: Eng. (60-d. bill rate) 4. 9515 0 $9. 30/9. 75; 100-130 lbs.. [email protected]; rovghs, Canatla (dollar) ... .99 calves, $10.50 down; lambs, France (franc) .... 0313 L 00605 . . 2 4

Italy (lire) ie x Belgium (belga) 00001; DS Germany (mark) J Ask Ger. {jravel (ark) | SY anc SE aald el (TR), £18 81 101 103 | BRNECANC der) 160-180 Ibs. $11: 250-275 Ibs., H Tel & Tel Ft W 5'2 106 iSpain (pescta) 300 Ibs. $10.70% 300-350 Ibs.. $10.30: H Tel & Tel Ft tes 6s 43 108% Sweden (krona) ... .2556 ] 160 Ibs. $10.100 140-150 Ibs. $9.8: 1: 3 i A : oy Fin) 65 Norway (krone) 2 . 140 lbs. $9.60; 120-130 lbs. $9.35: 100-120 ndiana Fel ¢ es $9.10. Roughs, $9.25; stags, $8.

ow Case Close 9. 3

VOODOO DI 0D I Orr DO» atta Dre Dein

$9.75 down, $10.50.

ehits Clearings for week Debits for week

first half profit, $457,238 vs. $675,026;

erlook which, would seem, 6 | ought to be kept in mind. Our governmental ma- | Cont Oil Del chine is split up into numerous sec- | Sean Lod Factory Here Here Way Start | tions—Federal, state and local. Each | Cream Socony-Vac . : Medium [email protected] | Chi N W Crosley Rad ... So Por R Lightweights— {Chi RI 4!3s 460 ‘ors has a budget. But the Government | Grown Zeller .. So Cal Bd os Work in January. (160-180) Good 10 [email protected] | Chi RI ref 4s 88 BG lL A hy el a Sup South i 515 25 : HE ———————— (180-200) Good and choice. 11.156 11.50 | Chi W Ind is 4.0.31 o AID Cudahy _. South Ry + EE > ] 8 | - 2 . Medium 10 [email protected] | Chi W Ind on 5 { units. Curtis Pub Sparks With .. 6 s .... | Hope that manufacturing opera | Medium Weights— . : 6% +030! What should be kept in mind is | GurtissWr .... Sov ae os | tions in the new International | (330-350) Good and ehetee.. 11.39@1158 | y. e i ? > t re s 8 | " oF eavywe tS a a ner RE el Be. | Deere & Co | Sd Sands | Harv ester Co. plant here might | (250-200) Good and ‘Choice. . Sut5@ 11s | L Wisgiaive CASH . Del & Hud .... begin as early as January was ex- | (290-350) Good and choice. . 10.65 11.30 | od eat -No_ 3 red §1.06% 7 | depends on whether the revenues | D Lac & w.... & by iv ‘Olficials $oduv.| Packing Sows. Wo Nn ‘No.3 red. 81 00d: 6/ of all these units in the aggregate | pir seen" 3 Curb Zioks pressed by company ‘officia's & Wk (350-425) Good 0.40@m 5.65 Cons Edis 3, | No. 1 Northern Spring. 81.14; No S| equal the expenditures of these Dome Mines ... 3¢ J. L. Simmons Co., Inc.,, Chicago | (425-450) Good Eontch Pov 305 0 oe Rare, Be No, 2 red Sarlicky. | same units. When we look at it |‘Douslas Air ... 50% Am Bins 3? and Indianapolis, contractors for | slaughter Pigs ™ | Sang agi oS ; | yellow Jake, $1011:@10212 Ont Ja Ny we will see that the com- Du Pont 153 = 153 | Am Maracaibo : hie the new factory, expect consiruction | (100-140) Good and choice. 8.2: 5 | Erie of 56 78 . 6 8's 63% | Amer No Ch white Th auiike | bined udgets o : ica ovV- | — Fa a 2 ds % : . : I ; A 2% { : white, 29c¢: sample ‘grade, 2015¢" | ernments Se or ed ye Eaton Mfg .... Sree 3114 - Bt, ave of the two buildings in the first unit CATTLE Goody TT & R 5s 57 11.104 miner. 338: No, ian, Slo. Rve- No ance these last 20 years. The Fed- | Bngon oon = 1 ha rw pa Lew Bd ¥ to be finished by Dec. 15. y Receipts Gt Nor 4s 6 Is A! 118% | 60c; malting,’ 65@86c. Soy Beans—Une Vinge A > > Se XE ium Stl .... This unit is to consist of a Gt Nor 4s H 46 auoted, Timothy Seed —[email protected]. Clover | eral Government budgets have been |E & M Ind ... 5% 5's Bellanca Air .. foundry Hine ‘shop ahd power | Tl Bell Tel 3125 Seed Unquoted. Cush Provistons «Lard. | out of balance for the last seven |g 's I dav §7 Brows Capi % | house. Truck motors are to be JocSiNg 4 Nea HI nominal bent. $16 omimal, 1°00 3| years. Before that the state budgets | El Pazo 1 Nat Gas 251: Can Marconi : | BO Err oy Int Hy El 6s 44 : ; ; bellies, §16 nominal, wer fr rie pf 93 pe { t . CV : High, 1937, 69.6%; and 130 en Toa eeu 3 ET 2| About 200 men are to be employed @14.75 | Keith Ter 6s LR LOCAL GRAIN High, 1936, 66. 38; low, 31. 20. budge: was out of palince due to ’ Fe Con Cop Mns... % | in building the new plant, the con- 2-00@12 2 Loews Inc 312 315 46 CASH the war. Pod (STOW iv S% Cobper Bes. tractors said. When the plant is 30.3041 .30 | Lou & Nash iA 2003... 9212 Wheat-—Market, steady: receipts twh Week's Business |, Las seo the combined expendi | FSH: Fi 4 SR Pe re, i wey wnploy BW) ger. fase Mec so 8 HE RE RL tures of all these Government Re Fo. iN Cusi Mexic .. -1- 16 | Sous. 16.00 16.85 | Mo Pacif cy 54s 49... 10% $1. Oats—Markef, seas receipts, nine | bodies was out $15.,500.030.000. B . | Florsheim A .. 31 . Eagle P Ld [email protected] | Mo Pacific 5s 181 . 35 3% 35 | carloads; , 07V.@99%%¢; No. 3, Bora Jus 009,000,000. But | poster Wheel .. 37 3; | Equity Cp [email protected] | Mo Pacific 5s i 38 3 33 |e5,@97isc, aoc: No. 2 vel i a nce FL taxes were about Risk Bub “ Harvester Award 12.29 15.00 | Mont Pow 33s 66... giv 0 21s | low, a8te@driic; No. 3, § NH ne 500,000,000. Gair Robt .... 12! i at 34s 51 _ww...10: ta 103'2 | 3° 911593140; No. 4 891491 ac ADVERTISING — Advertising| : Gair Robt pf. 32 Gra Nat Fiims | " Tops National List (550-730) Chotee wo ...... 12 mais | N'Y Cen. Tet 55.2013. 1 06 Frigates oe, Oates Age: Week ended Aug. 2 retail Co EX fsiten to Rigs iy ave Ise ER : Times Special Gominon : . 197 es 2 white, 28@29c; No. 3, 27@28e. newspaper advertising in 79 major| Estimates have been made of the cigar io. Soi Jockneed air - | NEW YORK. Sept. 4—Largest Ta Sh City WAGON WHEAT cities 17,689,312 lines vs. 17277214 probable course of spending by all Foods .... 35% Mesam Iron. construction award of the week was Y 2 3 . LEE TR hoa Ble HL RR year ago; year to date 654,840,985 | our governments in the next few G& EA. 1% Mich Bumper. . | f ildi } ; Inter- d ER Ts 131; | Cash corn, new No. 2 yellow, 91c, Outs, i y 9 > : : Motors. ... 333s 523 Molybdenum for the building of the new Common, medium Rx ; -— 5 lines vs, 622,312,609 year ago. years. It is estimated that the cost | Motors pt 11972 11914 Niag H Pwr | national Harvester Co. truck factory | Low cutfer and cutter Ohio Edison 4s '65 103% 10: 26c. May=No. 1 timothy, [email protected]. AUTOMOBILES — Ward's Auto-| will rise rapidly, even if we taper | Rty & U.. 31 314 Pan AR: Air. ... at Jndianaboli ; ing | Bulls, good .. Oh PS7sB '47 . 11110- sii 10-32 11 19-33 NEC : ey : : ’ J i s oe 38 Panto polis, the Engineering Cutter, common Penn Co 4s '63 101! 01 01 WINNIPEG WHEAT p motive Reports: Production this |off relief costs; that they will be ) co. 23% mw Pitts Bl GI 11, | News-Record reported today. Pa P SL iss B=. 101 (Mish Tow Close Clogs week 64.200 units vs. 83,310 last around $16.500,000.000 in 1939 and |Gilmtte S R.... 14 = 14 " ..... | RustlessI&S ‘pf. 50 —- —————— Po RE tabs yt 951; $1.24 $1,245, $1,245 week and 31,610 year ago. $17.300,000,000 in 1940. Simpy Bros. a I ; ; * | Seen) Ih A 5 Lr Moi ARTY and medium . Pony ER oe % Yi tha | : 120% 11! 120% BANKING—Dun & Bradstreet:| Unless, therefore, we raise that Glidden pf i. 4 4 4... : Yar INVESTING CO.’S Venlers Phil Rd Coal 6s “159 ny Nr 1 a 122% 1.22% Week ended Sept. 1 bank clearings {much in taxes—that is five billions Sh 2 4 BuRray ol Py : Tne Bid Ask Bid Ask —Receipts, 55- Porro ne avis '6 "60 ! 58 LIVERPOOL WHEAT $5.254,337.000 vs. $4.759,835,000 pre- | more than we raised last year—we Goodyear 36 514 ? 3 Tilo Roof i 2 . Adm rd 7.31 18.42|Key cf K1 22.43 34.43 Sool ne | choice 3 Joel: 2 Fosial'T Coy . 4 1 o High Low vious week and $5,842.270,000 year will still ll Pe Un Gae.Cp bY 113% 5 HY rR 3 OolRey of B3 19:27 21.13 | Cull and medium 6.50@ 9.00 | Seab Air Lin 6s 45... Br $l ago. Federal Reserve System: Gold | budget. Graham-Paige Wright Harg... 6% 6 6% Am Bus 1. y 29.00 31.67 Shell Un © 3'as 51 ... ec ooinn” Be: 1.22% stock up $26,000,000 to $12,567.000,-| The Federal Government gives |SIDRYy oo: pm So 3.00 Mass Inv 888 2% 25| (250-500) Good and choice. [email protected] SO Fasific His! ——— 000; circulation up $37,000,00 to $6,- little sign of reducing its ordinary | Granite C Stl. : Ch . St F Bancam 9.7 73 Mut Inv Common, medium 5.50@ £.00 Stan Oil N J 3s NEW BOND ISSUES 532,000,000; excess reserve off $10,-| expenses, as its Congressional fi- | QI Korey ot : . cago OCRS Bak ‘Sars 1.76/Key Feeder and, Stocker Cattle Stodbk Bd ogg 07% 000,000 to $750,000,000; brokers and [nance leader insists. The fiscal year | Gt Nor Cre .... 19° ¢ 9° - Low (500-800) Good and ‘cholce.. ‘[email protected] | US Rubber 5s 47..... (By W. L. Lyons & Co.) deslers 1ozns up $31,000,000; ratio| began July 1 and already this year, Sl rest Abbott fe a Common medium. 6.50 8.00 | Vanadium 5s 41 79.5 per cent vs. 79.7 previous week | which means in just seven weeks. | D (800-1050) Good and. choice. 8 o@10-50 | Warner Ero 6s 39 and 79.4 year ago. | ordinary expenses of the Govern. * West, Sh 4s 7361 CONSTRUCTION — Engineering | ment—excluding all emergency costs Young S & T 4s 61 ....103 News-Record: Awards this week | —are $113.000.000 more than in the FOREIGN BONDS $41,625,000 vs. $37.338,000 previous same period last year. Arperit 4's week and $37,730,000 year ago. What is more we shall see that | Bras, 6%as 26-5 3 38 3 CM ELECTRICITY — Edison Electric |as the relief expenditures are re- Canada ‘4s 60 ’ 10794 10794 | Fla . Institute: Week ended Aug. 28 out- | duced certain activities now dis- | Chile 6s 50 c 07 107s " | Houston TI&PNT 32s put 2.294713 KWH vs. 2.304,032,000 charged by relief bodies will be 00a Ed Bag I Radi 21, 6214 Los Ahgeles Rev 30s previous week and 2,125,502,000 year | carried on by the regular agencies 8.00@ 9.50 | German Ts 35 35% 357 Na le 66 ago. [of the Government. Boe er 7.00@ 8.00 | Italy 7s SI a Bh Boil | NY State Flee Gas 4s 65 FAILURES — Dun & Bradstreet: | The fact that such a discussion | Ind Rayon aban Bas 65 1% | Northern State P 3125 Week ended Aug. 26 business fail- [can be steamed up in Washington ! | Inland SH Peru 6s 60 . Scott Paper Co 3, ures 155 vs. 159 previous week and | in these hot days is a porten: of | | Eager an oT Union Elec 3%s 62 138 year ago. {what seems now a settled fact that | Inter Iron INDEXES — Dun & Bradstreet: |the budget, for the first time in| nt “Harv ad Week ended Sept. 1, business ac- | five years, is going to be a storm | In® Hyd El A .. tivity 97.9 per cent of estimated [center in the next Congress. Int MN Marine ~ normal vs. 98 previous week and 90 ome int P&Ppf..o¢ year ago; food index week ended 7 5 Aug. 26, $287 unchanged from U. S. STATEMENT aby previous week vs. $2.81 year ago. or ASHINGTON, Sept. 4 (U. P.).—Gov-| ; Moody's: Business activity week |rent fscal year through Sept. 5 coms | i NR A ended Aug. 28, 109.8 per cent of 1928 | pared with a Joe aso: Sunstrd Mch T average vs. 110.8 per cent previous | Expenses .$1, 300, 366,001.31 Se ey week and 99.2 year ago. Iron Age: Retelpts Do $07,418.27 i2 Utah Radio Prod Week ended Aug. 28, durable goods | Cash Bal. 2.99 1.172,979.81 Wisc Bk Shr ‘ Work, Bal. 1,005.910.702.44 Zenith Radio 104.3 per cent of 1925-27 base VS.|puh Dui. x37.154313 652 40 i — 7 X 7 2, 2 J085 (previons week wid #73 yes: Gy Se HITS NUS wr LOCAL ISSUES "LUMBER — National Lumbe: | Insc. Gold 8, S81.771. Too" “$1 3866 038, 495.79 ink... 1 ie (By Indianapolis Bond & Share Corp.) i I Sl as EE enae ug. pro J INDIANAPOLIS N 1s ndicate e approximate arket eve mills 269,416,000 feet vs: 286,372,000 | Clearings \. rer rr 5% ono Tecent transactiong. oo x inauiries or for 565 mills previous week, ship- BON ments 226,727,000 feet vs. 250,342,000, booked orders 223,692,000 feet vs. 230,513,000. METALS—American Bureau of Metal statistics: July world gold production, excluding Russia, 3,151,000 ounces, new high, vs. 3,062,~ 000 in June and 2,453,00 year earlier. OIL—American Petroleum Institute: Week ended Aug. 28 crude output 3,{31.450 barrels daily, new high, vs. 3,729,350 previous week; gasoline stocks decline to 66,997,000 barrels rom 67,260,000 previous week. RAILROADS —Association of American Railroads: Week ended Aug. 28 carloading 787,373 vs. 781.247 revious week and 754,097 year ago. STEEL—American Iron & Steel Institute: Week's steel operations scheduled at 84.1 per cent capacity vs. 83.8 previous week and 715 vear ago. United Press estimate: Steel ingot output this week 1,106,000 tons vs. 1,092,000 last week and 945,000 year ago. TRADE—Dun & Bradstreet: Retail trade this week 1 to 4 per cent over previous week and 7 to 18 per cent over vear ago; wholesale 10 to 20 per cent over year ago. CORPORATION REPORT S— American Commercial Alcohol Corp.,

American Sumatra Tobacco Corp., year ended July 31, consolidated net profit, $649,075 vs. $507,415; Archer-Daniels-Midland Co., year ended June 30, consolidated net profit, $2,967,295 vs. $1,891,612 or $3.05 preceding year; Continental Can Co. 12 months ended June 29 net profit $9,724,932 vs. $10,633,042; Engineers Public Service Co., 12 months ended July 31, consolidated net income, $3,392,970 vs. $2,668,401; National Bellas Hess Inc., year ended July 31, net profit, $19,957 vs. $173.808. DIVIDENDS—AIllis Chalmers Manufacturing Co., $1 on common vs. 50 cents in two previous quarters; Bliss & Laughlin, Inc., extra 50 cents and quarterly of 50 cents on common; Ferro Enamel Corp., 75 cents vs. 50 cents previously; Johns-Man-ville Corp., extra 75 cents and regular quarterly 75 cents on common; South Penn Oil, extra T7!: cents and regular quarterly 37145 cents vs. extra 37!2 cents previously; United Carbon Co., extra 50 cents and regular quarterly $1; Waldorf System, Inc, 20 cents vs. 30 cents in two previous quarters. (Copyright, 1337, by United Press)

wo Ludlum Stl ....

Macy R H Marine Mid .... Marshall Fld . Maren 1

Maytag McCrory 17 McKesson & R. Miami Cop ... Mident Pet .... Midland St] ... Minn. Hny '.... Minn-Moline . Mo Pacific Monsanto Mont Ward Motor Prod ... Mullins Mfg B.

13 Murray 11% .11Y

Ni Nash-Kelv .... 17% 17

Nat Biscuit ... 26 253%

Nat Cash Reg . 30% Nat ‘Dairy ..... IS Nat Distillers 2 Nat Gypsum Nat Nat

No a: MEI wsvese

Kokomo Water Works 5s Se Morris 5@10 Stores ; 50.. Muncie Water Works 5 s 65.. ....103% P Glas 47.. -1Je3

} s 57 Seymour Water Co 5s 49 PH Trac 8 L 5s 44... .coiive 104% R H Water Works 5s 56.. ..10 H Water Works 6s 49 [rac Term Co 5s 57

Ind Hydro Elec Co Ts Indpls Gas Co_com “er 80 xIndpls Pwr & Lt pfd 6s. xIndpls Pwr & Lt ih 62s. Indpls Water Co pfd 5s . ..... Lincoln Natl Life Ins To com. P R Mallory, com N ind Pub Serv Co ‘pra’ 5a N Ind Pub Serv Co pfd 8s et N Ind Pub Serv Co pfd 7s . Progress Laundry iL Som 66... Pub Serv of Ind p Pub Serv of Ind iS 7s Smith Alsop P&V pfd Smith Alsop P&V com. .... Terre Haute Elec Co Vos. Gat

Van Camp Milk Co pfd Van aivigend, Co com

XEx-di Crist & Co.) Market st. BE itie Corp ... 32.54

Denmark (krone) . . : 1bs.,

Australia (pound) Austria (shilling) Czechoslovakia (koruna) . Finland (markka) Greece (drachma) Jugoslavia (dinar) New Zeal.

Portugal Rumania Co Argen, (ofl. peso). Argen. (unof. 50) Brazil (ofl. miireis) Brazil (unof. mil).

Uruguay (peso) Mexico (sil, peso) Hongkong (dollar) Shanghai (yuan) India (rupee) Japan (yen)

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 full case of eggs must weigh 55 pounds gross.) doi) Eggs—No. 1 strictly fresh, loss off, 18c Heavy breed hens, 5 lbs, and over 17c; Leghorn hens, 12c¢; heavy breed proilers, 1937 stock, 2 lbs. and over. 18c Leghorn broilers, 1937 stock, 2 lbs., and over 16c; bareback broilers, 1937 stock, 2 ibs, and over, 12c; old roosters, 9c; ducks, fullfeathered and fat, § ibs. and over, $c; Se -feathered and fat. 9 to 14 S

Butter—No. 1. 36'2@37c;: No. 2. 34}2@35¢. Butterfat, No. 1. Sic: No. 3. do, °C

Calves, $11. Lambs, $10.25.

BANK STOCKS

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Banker cevssven, 663% Bank ot Manhattan «.veevee.. 307 Central Hanover .....ces.0e.+.12412 Chase National ....c.ecovveeese 4878 Chemical . weaves 608 Commercial . veenanenaveres 184 Continental ...covivivevevvvee. 16Va Corn Fucrange viveiveviueeves B1V0 mpir vivivevivie. BY First National cress eRe Nae -2330 Guaranty Trust ceeevesesienes. Manufacturers National City ... New York Trust Public National

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