Indianapolis Times, Indianapolis, Marion County, 13 June 1938 — Page 13

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MONDAY, JUNE 13,

1038

MILD RALLY LIFTS

NEW YOR

TRADE STILL DULL

K STOCKS;

Curb and Bonds Turn Lower | In Continued Light Volume.

NEW YORK, June 13 (U. Bye | Mild rallying tendencies developed | in early afternoon dealings in stocks | today after an early decline of fr ac- | tions to more than 2 points. Most issues recovered fractionally the lows. Trading continued dull. |

Steel issues led the moderate ral- | Iv, U. S. Steel advancing to near its | previous close after an earlier 5% point loss. Losses of 2 points and more in duPont, and International Harvester were scaled slightly. Utility shares were steady at fractional losses and rails held well.

Curb Stocks Curb

stocks turned lower today an early irregular decline.

Losses mostly were fractional. Trad- | dropped 56 per cent from those in| | Ghuyster

ing continued restricted. Aluminum Co. of America was 2a weak spot in the industrial list, dropping about 4 points on odd-lot transactions. Aircraft issues again | were active, but followed the gen eral trend. American Airlines was | off about 1'4 points, while Lockheed | was down almost a point. Mining shares eased after early steadiness, while Gulf | led oils downward with a loss | around a point, ex-dividend. Utilities followed the decline nd. Uli

eters

Cities Serv Cities Sv P L Equity Cp Fisk Rubber Gulf Oil ‘es Lockheed Air Mesabi Iron Niag H Pwr Pantene PS Ind 7p pt St Regis P oe hni color

ight Harg

AN BITS a

’ td

wn a

“HADES aT | BING

oo - iy Fonramaurew

“00 rw Vy

Chicago

Housend Finance Hshld upn Motor

N. Y. Bonds

Bonds drifted irregularly lower in |

dull early trading today. Rails were under otherwise irregular domestic corporation list. New York Central bonds were off 1 to nearly 3 points, Boston & Maine 5s of 1937 lost 2

points at 23 and other carrier loans | showed declines extending to more |

than a point

Utilities firmed under light sup- , although gains were limited to |

port small fractions. Industrials moved irregularly through a narrow range U. 8S. Government funds were

mixed in a dull trade. Losses ranged | to 5-32 point at the start of the sec- |

ond hour against gains of 1-32 to 3-32 point European {issues improved moderately but foreign dollar liens eased under scattered seiling.

BOND PRICE INDEXES

20 20 20 Indus, Rails Util, 308 51.3 23.7 9.3 52.0 Mir |0.9 Ma 85.5 213 LIN 0.0 oss 19.8 87.3

Raturdav Week Azo Month Age .... Year Ago 1938 High 1938 Low

5.2

53.5 . R30 40

U. 8S. GOVERNMENT BONDS Treasury Bonds

1947-43 1945-43 1946-44 1953- 4 1955-

1059-38 Home Owners’ 1949-39

Loan Bonds 103.4 1033 FOREIGN BONDS

s 51 I Wk 6s Anaconda C 4': rm Co Del 4s 55 . gen 4s 95 ..

#9972223

41 .s West Union Ss 60 ..

New Business Books Available at Library

The following n. &# business hooks are now available at the business branch of the Indianapolis Public Library.”

THE CHAIN STORE RROBL EM, by N. Beckman and H. C. Nolen “No economic development of this century has been so highly praised bv its proponents or so thoroughly condemned by those who consider the chain store an economic threat or a social mena START YOUR OWN BU SINESS, by Harold S. Kahn. Practical and profitable businesses which require $300 to $2500 capital investment. PEAKER'S DESK BOOK. Sec. I, Sparklers: Sec. II. Anecdotes; Sec, by Frank 8,

III, Jewels of Thought. WHY GROW OLD? Caprio, For the man who seeks to remain physically and mentally INCLUDING

you L vi TRUSTS: LIFE INSURANCE TRUSTS, by Gilbert T. Stephenson. Revised in accordance with the changes of the last 10 years in taxes and trust agreements,

from |

Eastman Kodark, |

pressure in an |

Bonds |

33, | 887

Exchange Dull

SHARES TRADED ON N.Y, STOCK EXCHANGE

MILLION SHARES

Times Speeinl | BOSTON, June 13—The small trading on the New York Stock Ex- | change the past few months seemed | to indicate a lack of public interest in the stock market. May sales were the smallest for any month, with | one exception, in many years. Sales iin the first five months of this year; | the same 1037 months. At the end of May the 1251 issues listed on |

| the Exchange had a total value of | more than 24'¢ billion dollars.

GRAINS DECLINE IN EARLY TRADE

Wheat Prices Show Erratic Tendencies; Corn Exports Light.

CHICAGO, June 13 (U. P).—

Wheat prices showed erratic ten- |

dencies on the Chicago Board of Trade today.

At the ena of the, first hour of | East Kodak ...

trading wheat was off "s to 1';3, corn | was off 32 to lower, On the some commission house support developed which turned prices fractionally upward, but occurred on the recovery Nervousness characterized the ac- | tion of the market. | Erratic price movements also occurred in other domestic markets as | sustained interest was lacking on | both sides of the market. Liverpool | closed higher. Preliminary estimated receipts of ! wheat in Chicago today were 52

1; | cars

Corn continued to show 2n easy undertone, although some buying on resting orders was ur.covered on the decline. Liberal purchases to arrive resulted in hedge selling | which was a depressing influence. Export demand was light. Receipts of corn in Chicago were estimated at 382 cars.

WAGON WHEAT

City grain elevators are paving for No 2 red, 69¢; other grades on their merits. fash corn, new No. 2 vellow. 49¢. Oats, 23e¢.

LIVERPOOL WHEAT

equivalents based on sterling at

Prev. close 51%

87a 865%

Core

882 87a 87 ARGENTINE GRAIN BUENOS AIRES, June 13 (U. P.). futures opened higher. Wheat—June, 837sc¢,

up “se Corn—June, 8230, up sc Oats—June a4 Flax- June, $1.17 up Sse.

CHICAGO PRODUCE

Butter—Market, 748 gross Ibs.: 233, @24 4c; 224 @ 2340;

234 @ 253%;

-Grain up 34e; July, R8'ie,

up July, 80%e,

up ‘se. , up Sse; July, $1.18%.

se;

steady: receipts, 1.781.extra firsts (90-91's score), extras (92 PNY 25¢: firsts, seconds, 19! Ye; specials, standards, Sac: centralized 338 score), 22'ze; centralized (89 score), 3 2C

| Eggs—Market, steady: receipts, 25835 cases; fresh graded firsts, cars. Jotie: {than ears, 183%c: extra firsts, cars, 1934c: {less than ears, 19%2¢; gheeks, 16c. current receipts. 18¢; dirties, 16! storage packed firsts. 20'ic: storage pac ced extras. 20'.c. Poultry—Market, irregular: receipts, 28 trucks: ducks, 12'2@14c. geese. llc: hens, 18c: Leghorn hens, 15¢: spring chickens. 19@20'2¢c: roosters, 134714c; broilers, 15% fo 20c; fryers, 18'2@19'>c; turkeys, 189

118 Cheese- DBS ac: nwa

14c 13% new a liberal: stronger:

moderate; 0 Bliss Triumphs, $1602.03; Oklahoma Bliss Triumphs, $1.80%2.15; Texas Bliss Triumphs, [email protected]. North Carolina Cobblers, $1,654 1.90: North Carolina Bliss Triumphs, $2.10: Virginia Cob- | blers. $182'5: Califoria White Rose, $2.15 | @2.25: California Bliss Triumphs. $2.50 | Old Stock-—Supplies, light; demand. light: | market, steady; Michigan Green

tains, $1.60 Arrivals von track, 431; 56 Sunday.

BANK STOCKS

Bank of America Bank of Manhattan .. Bankers Trust xd Bank of New York Trust | Brooklyn Trust { Central Hanover { Chase . { Chemical ‘ua Commercial .. Continental Corn Exchange Empire First National Guaranty .... : rving x4... | Manufacturers { National City { New York Trust

Twins, longhorns, otatoes | demand, Louisiana

daisies,

—Supblies, market,

280 shipments,

? | Public

Title Guarantes

CORN AND WHEAT REGION OFFICIAL WEATHER U. S. Weather BUreat me —7 A. M., June 13, 1938 Precipi- State of High ow CN | 9

| C——BY

Stations South Bend Angola | Wheatfield | Rochester arion ane . | Lafayette . | Cambridge City Columbus { Vincennes | Paoli ‘shaaan Ft. Way ne Indianapolis . Terre Haute Evansville “s

U. S. STATEMENT

WASHINGTON, June 13 (U. P.).—Gov{ernment expenses and receipts for the current fiscal year through June 10, compared with a vear ago:

lear

ono Pusogsoboubls

Expenses

This Yea .$7.162, 339, 23% 42 n ae aol 085. -B

N J Customs . 344.312.064.01 459,562.3735.9

INDIANAPOLIS CLEARING HOUSE

A SR Soi sl el Shear

AR Cres domi

Adv Rumely aska Jun Alle Rl, eee

Auburn Auto Aviation Corp

Balt & & Onis, .

Joeing Air

add ] Je .e utier Bros 3utte Cop &

Cal Packing Calumet & Qanada ay

Atl Refining ...

teel ..... 434 teel 5 pf 1274 lack & Decker Jaa

N. Y. STOCKS

High 2%)

Low 2%

Al 1015 Alleg eh av a

pt ft DT pt ph ht BO THUY wT =F GD DYED KS BIC NS OF TY OY pA pp Aa TMNT aree wn

. h . 15'2 51

2 | Garernipar “r ‘pt LX 0 RR Sa de Pasco sh

| Cent { Cerro | Gertain- teed Champ Paper

| Ches Corp | Ghes & Ohio MS

t P&P...

i Chi Pneu T

igate-P-P Col Rrdeast A. | Colum Gas {Col Gas nf A Com Inv Com Solvents

Comwith & Comwith&So Cons Ajreraft Com Edsn Ris Cons di Cons Cont Cont Cont Cont Cont Cont Corn | Crown Cork

| Curtis Pub

Curtiss Wr Curtiss Wr

Deere & Co

Comwith Edison 24% So 1%

pf 41 . 181%

| Crown Zeller ...

Davison Chem .

Ca . 23%

Re 15'2 8

"60 Col Pictures vte 11 Tr...

357%

= i's

2 15-64 241%

By United Press

DOW-JONES STOCK AVERAGES

Last Change 30 INDUSTRIALS ‘ve Saturday Week age seensensnd | Month age .... . vase Year age High, 1938, 131.35: low, High, 1937. 194.40;

20 RAILROADS

+ %

— »

bid a Ve 3% Saturday Week age | Month age 1h | Year age ve | High, 1938. 1 High, 1937,

PEELED:

32.33: low, 19.00, SLAB; low, 28.91,

15 UTILITIES

PEETELLL:

Saturday

21.86; low, 15.14, 31.54; low, 19.65,

65 STOCKS

High, 1938, High, 1937

41.48; 69.6%:

low, 31. 10, low, 38.87.

High, 1937.

—0.24 41.37 -1.68

13.1% 18.RY

PR.95. low, 113.64,

. 23.15

High 13% 19% 6's . 8% . 505%

247, Newport Ind .. 11% N Y Central ... 11% Nycasth ET | NYC Omnibus No Amer ee | No Am Avn | No Pacific

| Nat Dairy | Nat Distillers ..

Ie1ceel

EP.

Ohia Oil Oliver Farm Eq Otis Elev Otis Steel

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Fish . Bil ‘

Pac a": Pac Pac W — Packard

328 od Dr Dr RH ADD

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Press Stl ar Procter & G Public Serv Pullman Pure Oil Purity Bak

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MINI. DOD-ADDIND

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Rem-Rand .... Republic Stl Revn Met cu Revn Soring Reyn Tob B

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BINS DOWD TITIRIS

a n 1,

4 %!

Ta a 'n oy

s, and oats were 7s |

initial decline in wheat | | Preept Sulphur. 25's

selling again | move. |

less |

Moun- |

tation weather |

SSsrtetnarnssstancenaene 300 Sates attatt atten Rgenetee

Doug Dow | Du

Elec | Hee

rie | Erie

Gen | Gen Gen | Gen | Gen | Gen | Gen Gen Gen

Gimbel

Good Good Gt | Gt

Pont

las Air .. Chem

rr:

04%

151 2% 2 2%

151 « a 9's 2 27: -fue

Roat Pwr& Lt

fof coos

25% — Am Inv 55% Cable . 8 Electric .. Foods ...

55% LE) 33a 29%,

33'2

Motors Pub Sv Rv Sig Rtv & U Refract Bros .. rich Vear

North nf West Sug

| Grevhnd 13 | Grevhnd §

| Here | Holly

Pdr Sug

| Homestake Houston Oil

Hud | Hup Im Inspi Inter Int Int Int

Int Int

Life

Loft, Long

McIn

Minn Mont

Nat Nat

sma

pros

ket,

field

mal.

Inland Stl Interchem

Int Harvester Harv Hvd El Nice! Int P “as aT . T&T For ..

Kenn Kresge SS Kroger G

McKes & McKes & Mesta Midland Stl

Nash-

Time WASHINGTON, June 13. markets turned sharply upward during the week ended June 10, ac- | cording to the Weekly Grain Review | pay for the same kind of services.” | of the Bureau of Agricultural Eco- | | nomics. Early

ening factors.

unfavorable planting weather parts of the corn belt. nearly was completed except some parts of Indiana, Illinois and | $ Missouri,

Bav M&S Motor entral

wow

WBN IPO BRO «1-7 ay

ANA awry

ratn Cop

-—

lake Ir

Pra

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& B

Lambert Lehman

Savers

Lia Carh WS

Ls Ine . Bell,

Lorillard

Martin Gi McGraw Fl

Pore. Rob . Rob. . Mach

tyre

-Moline .

Monsanto

Ward .

Murray

Kelv Aviation .. 8 34 Biscuit « 22% 22;

D pt Shattuck Shell Un Oil | Shell Un pf Simmons Simms ePt 23 | Snider Pkg ° Socony Vacuum 13's | 80 Am Gold 2 . 107%

SANE

ov 1% . +. 101 ov 1534

Min |

n Syming Gould .

Texas Corp Tex G Sul Texas & Pace | T&R PC&O \ Tex Pac L. T .. Thatcher pf Thomn Star Tide W A Oil Timk-D Ax Transamerica Trans & Wms Tri Cont

Union Carb Un Oil Cal Un Aircrait Cp Un Air Lines Un Biscuit | United Cp pf . | Un El Coal Un Eng&PFdv United Pruit Tn Gas Imn U SS Grpsum U S Pine&F U 8 Realty U7 § Rubber U 8S Rub 1 pf U 8 Smelt U 8S Steel 8 Steel pf

| Vanadium

| Wabash nf A

Ward Bak B Warner Bros Wayne Pump West Auto Sup .

3 “ EL] - oh none.

wr wn

Woolworth .

Yellow Tr | Young Sheet

‘Zenith Rad

Wheat Prices Show Gain;

Crop op Damage Uncertain

Below Normal.

s Special

thrashing returns 11 and uncertainty

pects.

at Kansas City,

held about

Crop developments were the dominant factor in the general hoot situation but domestic markets re- | sponded more to | damage than did foreign markets. | | Cash prices advanced as much as | 12 cents spring wheat prices at Minneapolis | were up about 7 cents a bushel. Wagon wheat in Indianapolis rose to 69 cents. Corn markets changed during the week with the | weakening influence of the slack- | ening export demand about offset by the strength in the wheat mar-

as to rust damage and final production in the main producing areas were strengthRye gained with wheat despite excellent new crop!

reports of crop

while

un-

lighter current offerings and |

work.

in Planting in | Brazil

where wet soil retarded | Uruguay (peso) ex

The oats crop at June 1 was reported at about 87 per cent of nor-

See Final Edition of the Times for

Closing Stock Quotations and Other Late

ER 0

‘Corn Holds Unchanged Dur- GOVERNOR STUDIES ing Last Week; Oats

SALARY SCHEDULES

State Budget Director Edward Brennan conferred today with Gov|ernor Townsend over a proposed | new salary schedule for employees at State institutions. Purpose of the new schedule, Mr. ! Brennan said, is to provide “equal |

A survey conducted last fall showed

THE INDIANAPOLIS TIMES

PAGE 13

LOCAL PORKERS GAIN 13 GENTS ON ALL WEIGHTS

Top Goes to $9.25 on Receipts of 7300; Vealers Drop.

cents over Friday and Saturday local trade today, according to ihe Bureau of Agricultural Economics. Moderate live marketings and upturns in the dressed product contributed to the improvement. Trading was active to all interests, with the top at $98.25 for best 200 to 210-pound averages. Weights from 160 to 400 pounds sold from $8.75 to $9.15, with light lights ¢nd pigs from 100 to 160 pounds, $8 to $9. Packing sows failed to share the advance and at steady prices bulked from $7.75 to $8.50. Strictly grain fed steers and heifers held steady, while grassers ruled steady to weak. Grass cattle are the most difficult to move at present and the undertone on these is weak

a |

| much done from hs down;

| wide discrepancy in the salary paid |

were | such employees.

| Mr. Brennan conferred last week with institution heads | tempt to work out the uniform salary system.

FOREIGN EXCHANGE

NEW YORK. June

13 (11. | exchange lower.

Cable Rates $4.96%,

P.).—Foreign

(pound) tdollar)

or pESLY . 3.97% 0348 10220 0091's

+ .0238 pound) 4 007s 1850

.0451% 0075

B80 .2625 .0590

New Zealand Poland | Portugal Rumahia Argentina Argentina

(zloty eseudo) tlew) : (offl. peso) unofficial) (milreis) hile (peso)

Peru (sol) .2350

2 (0) Offered.

ee ——— QUADRUPLETS ARE BORN

LIVERPOOL, England, June 15 (U. P.).—Mrs. Esther Taylor, 29, gave birth to quadruplets—three boys and a girl—at Walton Hospital today. All were doing well. Mrs. Taylor, the wife of a teamster, had four previous children: George, now 10; Ys and

n {n) Nominal.

in an at-| | Market,

{ higher: 30;

to sharply lower, but to date the | supply of grass steers and heifers has been too small to enable killers to break the market. Fat cows declined 15 to 25 cents today svmpathy with general ceclines elsewhere last week, cutter grades sold weak to 15 cent off here today.

| Bull Prices Topple |

Bull prices toppled from their high peak last week to sell 25 cents or more lower at mostly $6.75 down, la few $7. Most good steers went at $8 to $9.60, with fed heifers $8.60 to $0.15, and nothing choice cflered in either section. Common to me- ( dium grassers, both classes, ranged mostly from $7 to $8.25. Fat cows bulked at $550 to $6.50, cutter grades $4 to $5.25. Vealers prices declined 50 cents, with the tops lowered to $9. Receipts included around 100 western stock steers at $8 to $8.25. Local killers continue to absorb | spring lambs, but prices ruled steady to weak today as a $10 top was limited to only strictly choice sorts, | Most better grades cashed from $9 to $0.50, with common and medium | offerings, $7.50 to $8.50. Yearlings | were scarce, a few qualitied to sell | from $5 to $6.

arrows and Gilts— 1140-160" Good (160-180) Good (180-200) Good 1200-220) Good

and choice and choice... and choice... and choice..

All weights of hogs advanced 15 |

in |

Today's Business At a Glance

SLOAN ON BUSINESS

NEW YORK-—Alfred P. Sloan Jr., president of the $1,451,000,000 General Motors Corp, today predicted that next year's automobile business will be about equivalent to the depression low volume of 1932 if the present downward trend continues. He said the so-called “recession has become in fact a depression,” hit the Administration's policies, including the wages and hours bill, “as penalizing the operating effectiveness of industry” and contended “there certainly is nothing in the picture to warrant optimism so far as the immediate future of industry is concerned, or to establish any confidence as to an intelligent solution of our difficulties.” Mr. Sloan's statements were included in a “message to stockholders” accompanying a dividend of 25 cents a share on common stock of the corporation. The disbursement brought to 50 cents payments made thus far this year.

WEIR ON STEEL

PITTSBURGH—E, T. Weir, head of the National Steel Corp. today defended the present price of steel by claiming wage rates, other costs

and the present situation in the industry will not permit lowering of the price. Profits in steel averaged only 3 per cent on capital over the last 10 yvears and were only 6 per cent in 1937, one of the three biggest production years in history, Mr. Weir said. The industry is “in red ink” now, he added.

BUILDING CONSTRUCTION

NEW YORK-—Estimated expenditures for building construction permits issued in May for 215 cities totaled $77,655,669, a decrease of 8.5 per cent from April, when the total was $84,842.365, according to figures released today by Dun & Bradstreet.

CRUDE OIL

PITTSBURGH—A reduction of 25 cents per barrel in all grades of Pennsylvania crude oil was announced today by the Joseph Seep Purchasing Agency of the South Penn Oil Co. The prices of corning grade crude oil was unchanged at $1.27 per barrel. New prices are: Bradford-Alega-ny District, $1.80; Southwest Penn Pipe Line, $1.46; Eureka Pipe Line,

CHAIN STORES

NEW YORK-—-Chain store busi[ness in May was in line with the downward trend reported in retail trade generally, Chain Store Age reported today. The publication's index of business in the field dropped to 103.3 in

and choice.. and choice.. and choice..

(220-250) Good 1250-290) Good | 1290-350) Good Packing Sows— 1275-350) Good 1350-425) Good 1425-550) Good Medium Pig Good and choice . edium ‘e CATTLE —Receipts, 1271— Steers Choice

PT on

539 eX oN P DODVPDLLD

RAD

«1-10 =

a] LDN

| Slaughter (100-140)

aD POI

@*S 23 DU Boo

~13 Dw

(750-900) (900-1100) 11100-1300)

Pt pt pk et

ByBmOVLOOVoOOISD » :

Choice Good Good Good Good ‘ve Medium Medium Common Heifers — Good

0 1900- 1100) (1100-1300) (1300-1500) 1750-1100) (1100-13001 (750-1100) Steers and 1550-750)

(plain) ..

wm NB-IBBOPN DODD

Heifers (750-900) (550-900) (650-900)

Gooa Medium Common

All Weights—

Bulls Yearlings Excluded tall Good (beef (All weights) Medium Cutter and common Vealers (All weights) Choice (All weights) Medium . tAll weights! Good . Cull and medium

weights) — chins 50

Calves

Receipts, Choice 00 . Medium Common

Feeder and Stocker ‘Cattle Steers— 1500-800) Choice 1800-1050) Choice (500-800) Gooa (800-1050) Gocd Medium

(500-1050) Common | Helfer (550-750)

84 — 1250-400) .

PoD-a N-IDD PNDTO am-300 «ADD NOD

893

3 1=] TSS

00 50

931398 2300.00

Good and choice. . Common. medium SHEFP AND LAMBS

663 —

AR AN-IP-3 Sd Oa Sw QoL

0d 8993939

5 5

--Receipts, Spring Lambs— Ch [email protected] 9.00% 9 8.50@ 9.00 7.50@ 8.50

Good and choice .......... 2.00®@ 3.00 Common and mediim ° veesee 1.75@ 8.25

CHICAGO, June 13 (U P.).—Hogs--Re-ceipts, 14.000; directs, 6000: mostly 104215¢c practical top, $9.25; art load, ns good and choice 160- 250 Ibs, $9@ 9.25: 260-290 Ibs. [email protected]; 300-350 ibs., $8.75@9; good packing sows, [email protected]; lighter weights, [email protected]. Cattle—Receipts, 12,000; calves, 2000; long fed medium weight and weight-fed steers fully steady, but others slow and weak; heifers strong to shade higher: sows slow, steady and very scarce; only a very moderate run of bulis here, end market steady to strong: vealers and small sunplies steady; bes fe steers early $10.85; several loads [email protected]; not prime vearling

to $9.85; new high on crop; taking several loads at $9. @9.50: practical top sausage bulls, $6 30. vealers. $9.50 down, Sheep—Receipts, 7000: 6300 directs: native spring lambs opening mostly to small Killers; steady to easier at [email protected]; package choice 82-1b. averages, $0.50; no action on clipped lambs. indications weak; | Steady to gasier: bulk 126 to 131-lb,

“CAPAYETTE. June 13 (U 15¢ higher: 160-200 9.15: 230-250 1bs.. $8 8548.90: | 88.857 8.80; pigs, $8.75 down;

down, Calves, S8@R 50: lambs 2R 5040 June 13 (U. P.).—Hogs— : B40 direct: active, steady © ton, £9.35: 225-250 ibs., $9.20: 100° 140 hs. 87 398.50; bulk good packing sows, $7.2597.5 Cattle- ROcETas. 1100: calves. 500: about steady: few good 900-250-1b [email protected]: load around 683-1b £9.65. medium to good beef cows $6.25@ 7: practica! top bulls, $6.75; ers strong: ton. $9 Sheep—Receipts, 1200: 00 direct; spring lambs unevenly 25@50¢ slaughter ewes weak to 50c lower: sales good spring lambs. [email protected]: buck lambs discounted 50c@ S$! under comparable grades ewes and wethers; short slaughter ewes mainly $2@3. (U. P).—Hogs—

PT. YNE, June 13 Market, toe lower to 30c higher: 200-220 “so: 180-200 1's,

lbs, 29.10: 220-240 Ibs. 240-260 lbs. $8. 30 . 38. 60; 3

heifers up small killers

sheep native

P.).—Hogs— lbs £8.95%@ 250-325 lbs, roughs, $8.25

slow, steers heifers, mostly veal-

slow: lower:

160-180 ]bs.. $8.90: s.. $8.7 280- 300 1b $8.50; 325-350 1b 120- 140 Ibs, 58. 50;

£7.50; stags. $6.25: clipped lambs, $7.

100-125 1bs., $9;

.. $8.75; 8.25

Roughs. lambs, $0:

LOCAL PRODUCE

Peavy breed hens, 15¢; Leghorn hens, 12¢; heavy breed broilers, 1% Ibs. and over, 16c; Leghorn broilers, 1'2 lbs. and | over, 13c: bareback broilers, 12¢; old | roosfers, 9c. No 1 strictly fresh countryv-run eggs. 15'2¢: (ach full case must weigh 55 Ibs. gross: a net deduction of 15 cents for each full case under 55 lbs. will be made). Butter—No. 1, 28':@27c; 24'z¢; butterfat— No. 1, 2lc;

calves,

0 | year ago

ao | today.

May from 105.0 in April, while a it advanced from 111 in April to 112 in May.

APRIL HOME LOANS SET YEAR'S RECORD

$95,885,700 Disbursed: Every Month Shows Gain.

| Times Special CHICAGO, June 13. —Loans to home owners disbursed by savings, building and loan associations throughout the country during April totaled higher than in any previous month this year, the United States | Building and Loan League reported April loans came to $95,885,- | 700 and were made to about 45142 families. Each month this year has shown an increase over the previous one, according to the report, the April figure being 14 per cent higher than | the one of March. It was, however, | below the April, 1937, figure, $125,386,100.

The league's analysis of loans follows:

April

Loan

Estimates Construction ... $27, i 900 | Repair, ete : 6.6 Home purchase Beliiance Othe

Per Cent Of Total 28.6 8.9

. $95, 885, 700

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.)

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.

BONDS

American Loan Co 5las 46-51.. 95 Citz Ind Tel (TH) 28 1 ‘e H Tel & Tel Ft W 3s § 93... H Tel & Tel Ft W W 6s 43. Ind Asso Tel 428 65.........1 Int Tel Co 5s 60 Ind Railway Inc 5s 97 Interstate Tel & Tel 5% Indpls Water Co 3'ss 6 Kokomo Water Works 5s Kuhner Pack Co 4s Morris § & 10c Stores 5s Muncie Water Works 5s Noblesville HL&P 5'29 47 Ohio Tel Service 6s 47 Pub Tel 4's 65 Richmond WW 5s Seymour Water Co 5s 49..... T H Water Works 6s 56 T H Water Works 6s 49...... Trac Term Co 5s 57 eae

STOCKS St Yds com.....

Asked 100

Belt RR

3 77% xInd Gen Serv Co 87% Ind Hydro Elec 7% Indpls Gas com ‘ XIndpls Pwr & Lt 6% xIndpls Pwr & Lt 6': Ind ater Co 57% oid Line Nat Life Ins 2 N Ind Pub Serv Co pfd 5'2%.. ! N Ind Pub Serv pfd 67 'N Ind Pub Serv 7% .......... Prog Laundry Co com 1 Pub Serv of Ind 67% .. Pub Serv of Ind pfd 7 S Ind Gas & Elec Pp 87% l'erre Haute Elec Co 8% Union Title Co com........ van Camp Milk Co pf ........ Van Camp Milk Co com

FOOD PRICES

CHICAGO, June 13 (U. P.).—Sweet Potatoes — Tennesee, bu. hampers, 90c@8$1. Carrots—California, crates, $2.50@3. Spinach Illinois, bu. : . Tomatoes— Texas, lugs, [email protected]. Cauliflower—California, crates, [email protected]." Peas—California, hampers, $2.50. Celery—Florida, ~rates, [email protected]. Onions (50-1b, sacks) —Texas Yellow Bermudas, §[email protected],

SUBSTANTIAL SAVING ON GERMAN AND ITALIAN

(Prices quoted by Wadley Co.)

NEON SIGNS

And

SERVICE Indianapolis Electric Sign Co. 228 N. Ala. LI-5674

TOURIST CHECKS ° AMERICAN NATIONAL BANK

Southeast Corner PENNSYLVANIA & MARKET STREETS Member Federal t Insurance Corporation

ON THE RADIO

TONIGHT

6:00-~Monday Show, WFBM. 6:30—Margaret Speaks, WIRE 7:00—=Radio Theater, WFBM, 8:30Eddie Cantor, WFBM. 8:30—Burns and Allen, WIRE. 10:30—=Crosby's Orchestra, WGN.

In a last-minute decision, Senator Bulkley (D. O. announced today that he will speak on ‘Politics in Relief” at 7:15 o'clock tonight over NBC-Red network stations.

“Theodora Goes Wild,” the picture that turned Irene Dunne from a singing, emotional heroine into one of the screen’s better comediennes, will be revived for the Radio Theater attraction tonight. Miss Dunne again will be Theodora, and Cary Grant will have the other leading part. Cecil DeMille will take charge of things, as is his custom, at 7 p. m,, CBS-WFBM., ” ” ”

One advantage in being a sweet girl graduate this spring is the fact that Gracie Allen has planned a commencement address for you on her broadcast tonight (8:30 p. m,, NBC-WIRE). uy wn Eddie Cantor had a large and flattering celebration some months back on the occasion of his “silver anniversary” in the show business. Tonight, on his regular variety show, he will do a little celebrating of his own. It seems that he and Mrs. Cantor were married June 9, 1914, And this is the nearest date to let the listening world participate in the festivities. Bobby Breen will be an added attraction. ” » » It won't mean much,

even to the

informed musician, that an all-Van Dieren program is to be presented under Bernard Herrmann's direction tonight. Van Dieren, whose name also was Bernard, is not some an=cient composer whose music has been revived for the sake of novelty. He was a Dutchman who lived most of his life in England, and died only two years ago. Though virtually unknown here, he was hailed as a genius by such friends and contemporaries as Delius, Busoni, Cecil Gray and Philip Heseltine (Peter Warlock). The program, which falls on CBS at 8:30 p. m, the same hour as WFBM's Cantor rebroadcast, will have Eugene Loewenthal, bass-bari= tone: Charles Haywood, tenor, and David Ross, reader, as soloists, Mr. Ross, the well-known ane nouncer, will be heard in a Ballade for string orchestra and reader, based on a poem by Francois Villon, Mr. Lowenthal will be soloist in a Rhapsody on a De Quincy poem, with string quartet accompaniment, The concluding composition is the Sonetto VII from Spencer's “Amor= etti,” for tenor and 11 instruments, There may be some explanation for Van Dieren’s lack of recognition in Mr, Heseltine's remark that “the letter of his music offends neoclassicists, while its spirit repels some ‘ultramoderns.’”

» Ld ”

Another audience participatione question and answer program makes its bow tonight from Chicago's Blackhawk Restaurant at 10:30 p. m. on WGN. This will be a musical variation of the current fad put on by Bob Crosby and his renowned “cats of swing.” o

8 ”

THIS EVENING

(The Indianapolis Times is not responsible for Inaccuracles in program sme nouncements caused by station changes after press time.)

INDIANAP WERM. 1990 (CBS Net.) ack Shannon

fart Gordon Tea, Tunes

WI (NBC-MBS

Rakov's Or. Golf Tourney

See ie

PRE ie LIS

Middleman’s Or, News

CINCINNATI

CHICAG s 00 (NBC-MBS)

WON 0 (MBS Net.) Unannonuneced Bill Serenade Sophisticated Orphan Annie

Anson

Lowell Thomas

WPA Speaker Boake Carter

Wirge's Or, Rhel lo Ezra

FRI

ews

Monday ,Show

Orpian Annie

Looking In ”n ”n

Don Winslow A. Franklin Let's Celebrate P. Sullivan

Burns-Allen

Popey Clark s Or. Bob Elson Piano Parade

Hallet's or

Conservatory Margaret Speaks

Richard Crooks

Long Ranker

Melodies

Radlo Theater " ' Announcing

Fight

Crosby's Or.

Denny's Or.

$1.40; and Buckeye pipe line, $1.30. |

aleFadad | ADIN

Great Rivers

Mysteries " " Tomorrow's Trib,

W. King's Or,

Eddje Cantor

Contented ” » Burns-Allen

BHBR

Trug-False True-False

Men's Program Melody Pageant

Amos-Andy ews Baseball Barron’ s Or.

Fatertamment L Pick- Pat

535353338 | 5353 | 5353 | 5353 | 5353

oPIP

| |

Livingston's Or, Denny's Or.

Amos-Andv Kresup FErion Sorige’s Or.

News Cummins’ Or. Pryor's Or.

Kiper' s or.

Ses S3n3S

Sander’ s Or.

Paul Sullivan Henderson's Or. Park Or,

Kyser's Or. Crosby's or.

Nocturne Th Williams.

5558

Bourdon's Or.

Tor. Pirro's or.

————

" ”

Review Marshard's Or. Martin's Or.

Livingston's Or. ”n ”

TUESDAY PROGRAMS

INDIANAPOLIS WFBRM 1230

(CBS Net.)

INDIANAPOLIS WIRE 1400 (NBC-MBS)

CINCINN ATT WLW (NBC MBS)

CHICAGO WGN 720 (MBS Net.)

Early Birds Devotions 3 » News

Organ Musio Box Revelers " "

Musical Clock

Dessa Byrd News

Merrymakers Peter Grant Gospel Singer Experience

Good Morning Jean Abbev V. Lindiahr

353853

Kitty Kelly Myrt-Marge Melodies Stepmother

Mrs. HH Other Wife Plain Bill

23 dn

Woman in White

Hymns Myrt-Marge Hilltop House Betiy-Bob

Crane-Jovce

Melody Parade Dr. Friendly

Milky Way Apron Strings Biz Sister Real Lif

David Harum

PLOY | WINW | Fdaa2 | AD

a= | - FSAS (>

Gene Pierson

° Linda's Love

Lorenzo Jones

Goldberes Vie-Sade Dr. Friendly Road of Life

Get Thin Children Painted Dreams Harold Turner

Marvy McBride Edna Odell Mrs, Farrel)

Dessa Byrd

Footnotes Unannounced

I th ct

Raitor s s Daughter Contrasts News = Weather Farm-Ilome

Ouin Rvan Mail Box

Musie Hall Light's Or. Farm Circle Farm Bureau

Singing Sam Melodies Farm-Home

m———| 2323

LL ”» Live Stocks Peery Tudor

State St. Musie Services "” »

Man

News Bohemians Marine Band

Bettyv-Boh Grimm's Girl Valiant Lady Hymns

J ay.

Tin, Pan Alley Song Btory

Headline Varieties ”n ”n

a= | RPI

WIRE Renorier s

H. Turner Melody Time June Baker Len Salvo

Linda’ s Lave Grimm's Girl Valiant Lady Kitty Keene Mary Marlin Ma Perkins Pepper Young Guiding Light

Songland Memorv Lane Musical Moods Leadoft Man

Stella Dallas Hughsree! Auction Block

Harmonettes Questions

ISTO TI 0D | et vot dh ek | WIS194d

- 3 DW

Backstage Wife

Harding's Wife

Midstream News Hatterfields

Baseball

Police Court L. Salerno Unannounced Indigo

Jack Shannon rs. Douglas Let's Pretend

$3925302 eT 5353

” ” ” ”

Houseboat Marv Southern Singing Lady Singing School

Sahin's Or. News Johnnie Golf Turney

Deep River

~~ ae 0 53553

Johnson

Rill Anson Airliners,

Unannounced Happy Gilmans Paul Douglas

Lowell Thomas Orphan Annie

KEY NETWORK STATIONS (Subject to change): NBC-BLUE-WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350. NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670.

CBS—WABC, 860; WIR, 750; WHAS, 820;

KMOX, 1090; WBEM, i776.

MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 650.

CROSSWORD PUZZLE

HORIZONTAL,

Answer {o Previous Puzzle

mountain, 15 Its emperors

8 Map of island

IF [E|O|D|O|RIC

Pp 17 Salt of malig

country in

ViI|OO

acid,

the Pacifie.

19 Short socks,

6G It is an w=, 11 Tiny skin opening. 12 Giantess of fate.

21 Forming. 23 Uncommon, 24 Data, 25 Wings. 26 Sun god.

13 Arranges in methodical order. 14 June. 16 Custom.

WOO Mm vw Mme

wl 0> PE OX Uv

27 Mooley appley 28 Sloth, 30 Orb. 31 Rodents, 36 Climbing

17 Greek letter, 18 Monkey. 19 Like. 20 Onager. 22 Persia. 25 Pertaining to area. 29 Valiant man, 32 Strong jerk. 33 Vampire. 34 Native nurse in India. 35 Spikenard. 37 Rabkit. 59 This country’s 39 Myself. largest city. 40 Nights before. 60 This country 42 Pertaining

to air. 43 Street, 44 Eye tumor, 45 Chum. 47 Social insect. 49 It is. 50 Frenzy. 52 To secure. 54 Male child. 55 Ornamental

57 Branch.

paving marble, 8 Golf teacher.

now controls 13 Its sacred

shrub. 38 Constellation] 41 Paroxysm, 42 Stranger. 44 To subside, 46 Handle. 48 Drop of eye fluid, 49 Also. 50 Myself. 51 Part of circle, 53 Three. 54 Street, 55 Toward. $6 Sound of" surprise. $8 Parent,

VERTICAL

2 Honeybee, 3 Earth end. 4 Form of “be.” 5 Birds’ homes, 6 Half an em. 7 God ot. mockery.

9 Wayside hotels. 10 Polynesian chestnut.

6 [7 5

7 0