Indianapolis Times, Indianapolis, Marion County, 17 June 1938 — Page 23

FRIDAY, JUNE 17, 1938

N. Y. STOCKS DROP;

DOW-JONES STOCK AVERAGES | 30 INDUSTRIALS |

Yesterday .......... Sesser rns 113.97 40.33 | Week ABO ....cicvviennaeees 11457 12% | Month AZO ...iivsenaereanes 11499 —0.29 Year AZ0 .....:vovensnenans 168.79 +1.05 High, 1938, 134.35; low, 98.93. High, 1937, 154.140; low, 113.64. 20 RAILROADS Yesterday ......ccicavainien 20.05 -—0.18 Week AZO ....cvvene srrasaan 20.53 —0.28 Month AZO ....cc.vvvvnnnne « 2.9 —0.36 | Year Ago ........:.000u0.. 53.65 —0.23 | | High, 1938, 32.33; low. 19.00 High, 1937, 61.16; low, 28.91, 15 UTILITIES Yesterday ........:cc0nnnins 18.65 40.09 Week ARO ......iovevnnnnnns 19.13 Month AZO .......vvvvvvnvnn 19.153 —0.02 Year Aro ....cov:vovsineea 26.56 +0. 13 High, 1938, a1. 26; low, 15.14, High, 1937, 31.54: low, 19.63. 65 STOCKS Yesterday ..........0000eien 36.95 10.14] | Week Ago ........e0 Shesseas 37.32 —0.11 [ Month AFO «..covrvvenssines 36.53 —0.1% I Xear Age ~.........c.....a0 59.33 High, 1938, 44.43; low, 31.10,

High, 1937, 69.63; low, 38.87.

Net Last Change |

mili Net High Low Last Cranes | Adams EXp .... 8% + 9 Air Reduc ..... 463%, — 2 | Alaska Sun . 3 103, -— ! § | Allesn Dorp h a » ‘ Alleg cp $30w 62 6a 62 — 1 ’ Allied Stores pt 42% 423, 42% + 1% | Allis-Chal 41'2 40'z i - Va Am Bank Note. 16 16 — a Am Br Shoe 29! 29% 3914 + a2 {Am Car & F pf 31 31. “SL. pb al Am Chain & C 11% 11% 1133 + i» Am Colortype . 6's 6s 6a + la {Am & F Pwr .. 3% 3% 34 oe] {A & P Pwr 2 pf 3, 8 8 = Am Ice . . a 8 i178 + Is ¢ Am Loco pf di 4 a 1 I i » . . . Am Mch & Fdy 13 i Ya | Trading Dwindles as Steel [Treasury Deposits With am Men & Met 3 8 8... | . . | Am Pur Li 5% 5% DW as Shares Meet Support Federal Institutions Am P&L 6 pf [31 34 3 Fh Am Rad S . 1034 105% 10% + Is . . Am Roi Sul . i 13, 3. ‘org After Slipping. Show Drop. Am Smelt jor Bu BL — XK Am Stl Fes 135 Ai A = h Am T & 297s 9s Rg 8 J “ON | Am Tobacco 69 69 69 + la NEW YORK, June 17 (U. P).— WASHINGTON, June 17 (U. P).| Am Tob 98 1 oY 1, I Tei r , oe . Am Water W .. 82 2 2 cern Stocks drifted lower today when an | —Excess reserves of Federal Re- yi Woolen a fis Fh —'h . : SPV . re 1 Am zinc ...... 5'a 8 5's. —— 13 early irregularly higher movement |serve member banks rose $20,000,600 Al enc oo 243, 23% 23 z i : : : | , 5 { Armstrong C 273 27a a '8 ran into profit-taking. Trading [In the week ended June 15 to a ifgon™® ©F : “3:0 “35 “gn I x dwindled. further new high since August, 1936, | Asse, Dry Gds .. PY 2S 2, - ve 24 veekl ndi- | Atl C Line .... 1512 15})2 152 — 3 Rail bonds broke to new lows [at $ a Ee 2 condi Atl Refining 20% 20% 20% es 1 i ment to system re- | Atlas Corp . . 6!2 2 2 + A for the year and longer. Hon a e ey Atlas Corp ‘pt’ 40% 494005 — 1% : oqaay. Aviation Cor 3 ’s % ... Gold shares, farm equipments and | Y¢&'€ y i il Bn merchandising issues were under| Actual reserves of the reporting | __.. . =o. .. ol oh en — 1 most pressure. Homestake Mining | bank increased $56.000,000 to $7,904,- | Balt & Shis a i L+/, - X sold off 13% points, while McIntyre | 000,000, principally as a result of re- Barnsaall 3 23 3's -— 3 Porcupine was off more than a |duced Treasury deposits and mone- | p..gix Avn .... 10% 10% 10% = % i | tary circulation. Increases in Re-| Ben Ind Loan.. 171: 17a 11a 52 | point, International Harvester, eX-|gserve pank credit, monetary gold Beth Steel... 43% 44k dis a] dividend and Sears Roebuck were | stocks and Treasury currency also | Borden ........ 14% "14% 11% + Ja down 11: | contributed to the 8xpansion of | Bore er 3 0 3 = A Steel shares met support after | member bank reserves. | Briggs Mfg 18 18 18 Jn losses ranging to a point in U. S.| ; ‘ Bristol My vr 33 33 33 nit ered > : | Treas osits vn-M T pf. . 26° 26! 26 — Ni} Steel Motors, rails, electrical | Tressuty begosiis Off BR ¥ 5 Te Ta Tha ci BE a : " ~ 4 1 1 1 ecuipmenis, coppers, utilities and| Treasury deposits with Federal Budd Mfg cena J 3 a ta oils softened. Reserve banks were reported at | gulova wW Ril 19 19 — 4% $935,000,000, off $70,000,000 from the Burlington M .e a KEL, ge I i : : yers, AM .... preceding week, and money in circu- IS pt," e Curb Stocks lation fell $17,000,000 to a total of |... «1 .. a. 6% 6% — % | $6,420,000,000, while monetary gold | campbell Wy a 9% Oa... | High Low Last | Stocks increased $10,000,000 to a new | Canada Dry 13% 154 2G — Bi Air ASSO c.ovaiessieens 7 3% 7% record high at $12,950,000,000. Case. J.J... svn 78 78 8. +32 entrif «.... “en = : ~ i 2 A Am Cyan B Sa 3x 17% 13% | Reserve bank credit rose $16,000,- | Caterpillar T .. 420 42 42 + % Am Gag & B '+oonns 185 1881, 10414 | 000 to $2.508,000,000 and Treasury | Gent RR NJ ... 9 9 9 — 8%] Am Super 1 pf .oiiei.. 53a 53% 55's |CUITENcy was up $4,000,000 at $2,- | Cerro de Pasco. 33 35 33 +1 Ark N Gas A .....enes 3's 3 3's 1 707,000,000. Ehes Co nic. 527 2254 22% — ia Ark N Gas cu pf . 8 6 6 ; . es Ohio. 4 22% 2 :¥ , Bab & Wile .....coeeee 19% 19% 13% | These factors were offset in part | Chi Gt W Ry pf 2.2 CE TL 21; 21, Yo : ; : a I ee... |} Bald LOCO WS ceveee. ns 112 11. 1 | by increases of $12,000,000 in Treas- Chi RI&P 7 pt. ir 2 1g lo Sa 514 3% ury cash and $45,000,000 in non- Childs eas - Sh RI Si — Nh ! 10°: 10% member deposits and other Federal | ciiy Stores |... 23% 23: 2%: TF 4 a 6'a €l2 reserve accounts, bringing the | Cleve Graph Br 11'a 3 Ii: 4+ : Va 21 ¢ 9 « Climax Moly Co 39'2 39 39 cers ® a3 32 former up to a total of $2,289.000,000 Colgate P-P ... 9 9 9 : 8's 8% ahd the latter to $705,000,000. Colum Gas i oo oo. aS . 39 St } ol Gas p . 2 2 2 2 5}, B51. 1 Col Pictures pf 32 31% 31% — 14] Ci ae Neon 1% 1 2 Com Credit 30'a 30's 30a + 14 Com & So wis 8 8 “om Inv Tr 35? 35'2 53 4 Con Cop Mn 4's 4% N. Y: Bonds Som Soli. co: - En 73% 734 a Contl R & St ] 1 Comw Edison .. 24% 245 24s — 13 S t ¥ 3 3 3 iL 1 Er a a Sh 8 634 634 | BOND PRICE INDEXES Cony on 1 3 165s 1 . 1a Esq paoronet 3a 1 135: | | 20 20 20 60 Cons Aircraft .. 15% 15% 15% - 1 Fe FEo205, 83; 53 59 Indus, Rails Util. Bonds |Com EQ Its ... 15:16 13.18 ERT Flor P & L Pf caverns 41°s tie 4] ,® | Yesterday 94 48.6 93.3 33.8 | Cons Edison pf. 96'> 96'> 96': + ls Ford Beis seeesnes 4 : 38 “sa | Week ago "9.4 51.1 93.8 11.9 | Cons Film pf 3% 534 5a 4 a Gen Tel naa pm 12. |Moenth age ... S08 S61 931 73.3) Bons Di... 3 Yh th Grd Nat Films rea: fort 7:16 IE Year ago . 90.8 93.4 100.3 93.0 | Container ..... 10% 103% 10% + % Suman BI nn an 37 37 [1938 high ...,. 830 30.0 955 §.5 Con Bek op 32 Nu nk Hearn Dp Strs ....... 4% 4% 4% | 1938 low D.wiy 49.8 83. 50.3 cont Caan 38% 387 8 Iw M in 15 15 15 | (Copyright, 1938, Standard Statistics Co.) | Conts Ins 2M: 21% MA — Ya 60° 60% 6074 " IRE ¢ | Gont On pel ll 21h ama ma Sw i" fu Ing U. 8. GOVERNMENT BONDS | Corn Prod .... 6512 65 65 =» 59 59 59 Treasury Bonds | Crane Co ..... 23% 23 23 —-1 | 17% 17% 1% | 4a 1 High Low Last ! Crosley Rad eer 3 1 21 i | 231, 231, 23 33% 943- 10 Ju cone. 106.25 106.2 106.25 | Cr Cork .. 26'> 262 26 4 1% 3 3 3 3h Ea vmscksane 108.11 108. 10 108.10 Cuba Co gery 42 2 ah a 81 81 81 3 “eshuranen 110.25 110.25 110.25 Cub m Sug .. 34 apr ; ro 63% 63% 63; | 2,48 1340-43 ........ 110.4 110.4 110.4 | Curt Pub pf ‘ea 3614 36 4 3614 te Jt 5212 527s 524 | 314s 1946-44 ......... 103 1103 110.3 | Curtiss Wr .... 43 4a £22 — 3a .. 387 33, 33, | 2as . 106.21 106.21 106.21 | Curtiss Wr A .. 197 19'2 1912 — 3g I ockheed. Air 1174 11: 1115 | 413s 1852.47 ........ 118.30 118.30 118.30 | Deere & Co 16%. 16a 18% + Ia McWms Dredge « 14la 13a 137513433 jour ree 103 I$ 103.15 103.18 Del & Hud Bae J: Bz — Vi tesabi Iron .. 5.06 5-16 5.16] 5{8F [JOJ=d0 cvreeeenn o z adi (D Lac & W ... 47a 47a 47% 4 Mich G & O .. 234 23% 235 | “748 1954-08 ......... 100 102. 102. | piam Match ... 265 26's 26'a — Molybdenum 4% 4), 41, Federal Farm Mortgage Bonds Dizm iy .avn ph 36 2 362 += NK oO ov 5a Sn a | 2 ° 108 n T0R St ean .e 278 1272 <2 8 Monee ram Piet A Js 2} 2 a "3s 1949-44 106.16 106.16 106.16 | pot NAS. CC go aa BE Mt City Copper. .. “13%; 2% 43% Home Owners Loan Bonds Douglas Air ... 44! 43 43 — 114 Nat Tunnel & M ...... 13a 1% 1% | 2%s 1949-39 ..103.6 103.6 3036 |Dunail >.......2 2, 3. .... Ne w Hp Ciock 5 3: : DOMESTIC BONDS (pe Pont ...... 97%: 264 %6'z — 2 | aR a: 291 201, 2914 i : 3 - High Low Last | : . : eB : o 057% 1053s 105%: Am& Fork 3s 2030 . ano 508 50iy 50'3 | East Kodak ...151 151 131 & a . 5 AIG Chem &' 4s 104; | Eaton Mfg . 113: 1134 113% 1a 3 3 13 13; | Am TT 3lis 66 102 » | Elec Boat Tia 3s Th — la BE a or * | At_TSF gen 4s 95 100'a | Elec P & Lt 9'2 IU Su ~— te i tv. | AUTSP adj 4s 95 st 78 El P&L STpf 342 342 34a — 1; 5s 510 8s. | B&O ref 6s C 9 18 Evans Prod . 67 67s 6%7a 4 la 21s 31% 515 | B&O 4l2s 60 cy 12 Ex-cell-o ... 127: 127% 2% — a wor: 63° 00 | Bell T Pa 55s B 48 118'5 F 200 50. to’ Bria gi dhs 0 10351 | Pid PI i 5 I 4 Ir be’ “3 NU Gas .ocivyee 2% i SN Lue ps 2 2 2 2 3 3 2 Cai Rack 5s 40 ‘<8 1013, | Firestone pf A 80 80 80 — A "al. "91. na, -all Na RV 9S Jul 6¢ 116 : | Foster Wheel 135% 133% 1332 — 33 (2 a2 _41%2 | Can Pac 41425 60 87!2 | Freept-Sulphur. 243 243% 243% + 13 10, n,. 10 | Cen NY Pw 33s 6 1051 phe, TER 16'2 16% 16 SB on aay 4 i | Gen Am Tr 37 37 Ti 24 2a 214 {Ch M SEs 5s. 18 8 | Gen Baking 73% 75% $e. — V5 a2 oar? o2,2 | ChMStP&P 5s 2000. 25; | Gen Bronze 37s 33a $38 eae: 22% 22! 2213 Chi Un Sta 4s 63 __ 104! gen Rlectri 331s 333s 33.2 - 12 515 $13 813 | Slev Un Ter Dag. 18 108% | Gen. Motors... 391 33, a X if . 9-16 9-16 9-16 | Comm Edis 4s 81 1075 | Gillette SR... 6% 6%s 63s 15 31% 34 3'% | Consu Pw 3':s 70 10453 | Gimbel Bros .. 63% 6. 6lz 68% 68 €8_ | Cuba Nor 5las 42 331, | Glidden oo 16% 16% 1875 .... 8 A i East Ry Minn 4s 101 Gobel, Adolf a“ as 2s 38 + hh t rie ref 5s 15 ... yoodric . 2 2 23 — lj 115 112 115 Erie ref 5s 67 . 11'5 | Goodyear ...... 17l2 1702 53E — la 27% 2% 27% | Flor E Coas 5s 74 5'a | Gt North pf ... 143% 1412 14; — 1; aiverzass 3% 5% 534 | Goodrich 6s 45 872 | Greyhound Cn,. 93s 94 914 Gt Nor 4s G 4 75 reyhd 5'2 pf. 83% 84 8% gi = oul i 66 104 | ell Tel 32s 10935 | ar Chicag 0 » Stocks fi on 10s] | Ll Ea A Inl 3 CI Holland. Furn 28% + 8 | Inland Stl 334s 61 107% | 1 1 | Int Hy El 6s 44 ....... 89d, | Homestake .... 82% ~— ay 1 1 42 42 |Int T&T 5s 55 691, Houd-Her B 4 ila 3 °s 1° 13 I "& r 41.8 353 Houston Oil fly 6's “a Xe dn LL IET Er 25.38 193:* | Howe Sound 333 38. +i 1, 8 Y | Leh VR : 03 23. | Hud Bay M&S. 26; 26's 26's 1s a \ 6% | Leh VRR 5s 2003 19% |B ay : , : "a 1% RE L Isl, 4 ret 4 5 : is upp Motor ... : 2 2 22 2 { Lon & Nas s 40 99° —f— + UN 2414 | McKee&R 5'23 30 99°% | m1 central .... Th 7 7. = % 6% 6% [Mil El Rv IL, 55 B 101% | Inland Stl . 563: 56'2 56a — lo us 24 24 Mo Pacific 5s I 81.. 151% 15 15 Inspiratn Cop . 9% 91; 9%; — 3 Mi West ors 5 515 515 | Mo Pacific 5s F77...... 157s 15'2 15'2 | Int Harvester .. 5212 511, BI -— 33 Mid Un pf Las 8 43% 43; | Morris &E 4'5s 55 38 37'2 37':> | Int Mining 9g gia — 14 No west Bancp 1a 62 61. | MEE 3l2s 2000 ls 41 47°s | Int Nickel 423; 423, — 1, Sears Roebuck 4 553% 533; | NYCent ref 5s 2013 4233 42'> 423% | Int P&P 65 6% — Stan Dredging 2 2 | NYCen 4l:s Ny cates 39 3814 38's: | Int P&P pf 27 27 -— 1 Zenith RAAIO +vvevvvees 11 11 | NYCSLL 4 1G porns 7 26-4 27 Int T&T “ 8% 8% -— 3a] his is — | NYDock 1st 1s..531 ....:51 5012 50'2 | Int T&T For “ 9 9 4 I | NYEdson 3lis 66 ..... 105% 105'4 105% ' | NYSteam 6s A 47 ...... 106%: 10634 106°: el | ; ’ : No Pac SL B 2047...... . 55 55 Johns Man .... 70> 69'2 69'2 — 1% oaay Ss USTINEGSS | Nor Ex 31s 57 K | Or Ws REN is 61...... nae ba | Pac G&E 3's 66....... | Kan C Sou .... Th 34 Th + 1a A Gl { pac ESE] 45 64 { Kennecott i 293. 29a 2033 — 3s a P&L 42s Keystone Stl .. 77 77a $i un: < I a ance Penn RR 4'2s D700... Kresge SS .... 17's 17's 17's + Ia i & Penn RE cn 1s 5 8. . | Kroger G&B ... 14 14 14 + 1a GENERAL BUSINESS | Ber nn RR 4s D 81.00 | we : enn RR 3148 52 ...... | Ler Strs_... 22 227 227 ; Federal Reserve reports gold stock PRG SH, das aT peer Sus Pe 2% HW TW a mT cy 6s 42....... 2 i sare B8 9 2 vere this week up $10,000,000 to record Postal TRC 3s 83.10.10. {| Die Savers .... 0. Bw Dis a en Stl 432s 61 ........ hich at $12.950,000,000; excess re- | Rich Term 5s 52... a . : | SILSP 412s A 78 ...i00. serves $2,730,000,000, highest since | Shey A

Aug. 12, 1936, up $20,000,000; brokers loans off $192.000,000; circulation off

$17,000,000; ratio 824 per cent vs. 82.5 last week and 79.6 year ago. PITTSBURGH — A decline in

business activity that continued for three eonsecutive weeks ended last

week, according to the Bureau of |

Business Research of the University of Pittsburgh, when business in the Pittsburgh district advanced substantially in almost all lines.

CORPORATION NEWS

Buick division of General Motors Corp. first 10 days in June retail sales 4062 units vs, 3717 in like period previous month and 7807 year ago. Caterpillar Tractor Co. May profit $330,508 vs. $1,112,791 year ago: five months ended May 31 net profit $1,577,129 vs. $5,003,825 year ago

RETAIL TRADE

NEW YORK-—Retail trade volume continued to expand under the

influence of favorable weather this |

week, but sales remained well below corresponding 1937 level, Dun & Bradstreet, Inc, weekly trade review. The moderate increase in con- | sumer buying which began last week | was maintained as demand for sum- | mer goods improved on weather, the review observed. Reports from leading distribution centers indicated an aggregate rise of 1 to 3 per cent from the country as a whole compared with last week,

but declines from the previous vear’s volume ranged from 13 to 22 per cent.

RAIL REPORTS

WASHINGTON—The Association of American Railroads announced totiay freight loadings for the week

net |

Shell Un O 3'is 51.. So Pac 4 .

Sou Rv ven $8 56...vunTerm ASL 4s 53 FOREIGN BONDS

‘ High Low Last Argent 4's T1 . 88! 88'2> 88! Argent 4s 72 812 783 Australia 5s 37 1045s 104° Australia 4!5 106% 100! Brazil 64s 27- 1234 123 Buen A 4: a-433 533% 53% Canada 3! 6 1022 102} | Chile 6s 80 { 19'2 191% Copenhag 4'4s 53 ...... 24! 9412 9415 Cuba 558 45... covets 691, 65% 693% Domin 54s 42 .......54 10435 10435 1049 Dom 5 Ss Ext 61 ...... 3) 55 55 Japan 58'> 650% 101! 103! 91k 853% 7% 5! 7 471; Tokio 5los 61 50 50 50 Tokio Elec 6s 53 ..... 534 33 53% 7 40'2 40'2 40':

warmer |

Urug 3%is-4'5s

said today in its |s

CORN AND WHEAT REGION OFFICIAL WEATHER bee BY U. 8. Weather Bureau oo

~—7 A. M., June 17, 1%

938— Precipi- State of |

High Low tation weather

South Bend ..... 4 58 0 loudy ANgOIR ........n 76 2 0 PtCldy Wheatfield ..... 82 5 0 Cloudy | Rochester ....... 82 56 0 Cloudy Marion, .......s 86 57 0 Cloudy | Lafayette . . 85 60 0 Cloudy | Cambridge City.. 85 58 0 Cloudy Columbus 89 83 0 Cloudy Vincennes 85 68 0 Cloudy Paoli “ah f2 0 Cloudy | Ft, Wayne 56 0 Cloudy Indianapolis 684 T Cloudy Terre Haute 68 T Cloudy Evansville 70 T Raining

ended June 11 totaled 553,854 cars, |

an increase of 10.2 per cent over the preceding week. The week ending June 4, however, was shortened by the Memorial Day holiday. The June 11 total was 26.2 per cent below the same week in 1937 and 40.8 per cent less than the corresponding week in 1930. . (Copyright, 1938, by United Press)

FOOD PRICES

CHICAGO. June 17 (U. P.).—Apples Michigan McIntosh, 50c« $1. Sweet Potatoes Tennessee, bu. hampers, Carrots—Illinois, bu., 654 90c Illinois, bu., 23@40c. Tomatoes lugs, $11.25. Cauliflower — crates, [email protected]

ts Spinach— California, Peas—California, hamp,

ers. $26:2.25. Celerv— California, crates @ 2.75. Onions (56-1b. sacks) —-Texas Yel- | low Bermudas, [email protected].

‘ [to % higher.

20c @$!. |

Texas, |

Chicago Wheat Down;

Outside Markets Fail

CHICAGO, June 17 (U. P.) —After gaining about 1 cent a bushel

v, | | wheat prices encountered pressure a jon the Chicago Board of Trade and | il [ fell below yesterday's close.

At the end of the first hour of | trading wheat was off ?: to 7s, corn |was up '% to 3, and oats were 3 | The selling was partly influenced | by the decline in outside markets. Liverpool developed an easy tone in the late trading, and other North

U. S. STATEMENT

WASHINGTON, June 17 (U. P.).—Government expenses an dreceipts for the current fiscal vear through June 15, compared with a vear ago:

This Year Last Year Expenses . $7.269.153.7 74.49 $7.647.335.342.72 Receipts .. 5,737,644 ‘1532. 17 4.744.916.553.71 Gross Def. 1,531,509.622.32 2,902.418.788.95 Net Def .. 1472712.672.32 2.799,562.188.95 Cash Bal.. 2.482.007.615.57 2,712,862.287.21 Work. Bal 1807501.293.45 1.241.793.664.80 Pub. Debt 37.381.621.534.09 36.633.907.802.90 Gold Res..12,950.067.854.63 12,207.002.387.32 Customs .. 347,454,779.39 467.232,935.85

FOREIGN EXCHANGE |

NEW YORK. June 17 (U. P.).—Foreign | exchange slightly easier. Following are | noon cable rates on major currencies: | | Cable Rates Net Change | England (pound) .. $4.97 -—.00'% Canada ollar) 99% 4 00 3- 3 France (franc) .02787% 0000 1 -16 | Italy (lira) . 20326), . ; | Belgium (belga) 16992 —.0004'% Germany (mark) ... .4041 —.0001 Switzerland (franc). .2296'4 —.00003% Holland (guilder: 5547 —0003 Sweden (krona) ... 2563 —.0001 Norway (krone: .... .2498. —0000% Denmark (krone) ... .2219 —.0001

6 and 6; Preferred

415 LEMCKE BLDG.

| firmness in | offerings were small due to the rains

American markets lost early gains. | 01 Some hedge selling was noted, | and when selling pressure developed {the lack of followup buying to sustain the upward trend was evident. Export business in both wheat and corn was reported early today to be flat. Receipts of wheat in Chicago were estimated at 13 cars, and corn receipts were placed at 240 cars. Corn prices maintained early very light trading as

in parts of the corn belt.

CHICAGO GRAIN

Wheat—July, 80':@803, up 1 to 1% ept, 81':@813%, up 1 to 13; Dec., 82% @82'z, up to 1. Corn—dJuly, 573s, wp 3s; Sept., 59, up 3; Dee, 57%, up 3 Ais — Sept., 214, unchanged; Dec., 272, unchanged. Soy Beans — Dec, 81, bid, unchanged. Provisions steady. ARGENTINE GRAIN BUENOS AIRES, June 17 (U. P.).—Grain futures opened steady, wh heat—dJune, 83%c. up Sze; July, 8dc, up © Corn_June. 63c. unchanged: July, 61%%ec, { unchang A ne. 20h: unchanged. Flax—June, $1.18%. unchanged: July, $1.18%. unchanged. LIVERPOOL WHEAT (U. S. Equivalents Based on Sterling At $4.98%:) Prev. | High Low Close Close | July soiieies $ 97s $%95°%: $ 95 ¢ 972 {OQet. ....:..- 30% 87% R82 88%, Det. a:..0044

86'a B87: 87%

| ican exporters have lost directly |

THE INDIANAPOLIS TIMES

N. Y. STOCKS

'8v United Press

' Lowest in Years, Accord-

—0.12 | The American businessman has lost

| Japan since the outbreak of hostili-

| merce figures revealed today.

| empire), obtained little more than

*| half her normal requirements from | | the U. S. in the closing four months |

| aggregating only $71,565.000,

| 4 months of 1936.

PAGE 23

U. S. EXPORTS T0 JAPS FALL, SURVEY SHOWS

Business With Nipponese Is

ing to Report.

NEW YORK, June 16 (U, P).— |

millions of dollars in trade with

ties in the Far East last August, a survey of U. S. Department of Com- |

The trade statistics disclosed that |

+0.29 | Japan, normally our third best cus- |

tomer (in 1937 only Canada and | the United Kingdom bought more | American goods than the Nipponese |

|

of 1937. In that period exports to Japan fell off to the lowest level in years, compared with $88,549,000 in the same These shipments 248 por cent of all 1937 exports, whereas the closing four months normally account for about 43 per cent of this country’s annual volume. Had the usual ratio been maintained, exports for the period would have amounted to |

represented only

| ar ound $124,000,000.

Exporters Lose $65,000,000 Coupled with the loss incurred in

| the first four months of this year,

when shipments to Japan dropped to $91,379,000 from $104,261,000 the same period a year ago, Amer-

in |

more than $65,000,000 in trade,

| addition to losses incurred indirectly | by other businessmen in this coun-

try. Imports of Japanese goods con-

| tinued at a relatively stable rate in

| 1937,

until December when they

| dropped abruptly to the lowest level

| since July 1935.

Total imports for the last four months of the year were valued at $60.432000 against $63,733,000 in the 1936 period. In the first four months of 1938,

| ever, the downward trend begun in

| price of bar

| |

December became accentuated and imports fell to $40,831,000. contrasted with a total of $74,148,000 in Japanese merchandise received here in the 1937 period.

(GOLD PRICE GAINS;

DEMAND SLAGKENS

Market Supply Falls From Wednesday High.

LONDON, June 17 (U.P.).—The

gold advanced today |

‘1, | to the highest level since April 21, { 1937,

but demand for the metal

| slackened.

| compared with

The London price of the yellow metal rose !2 penny to 140 shillings, | 10'2 pence an ounce. Sterling was | quoted at $4.9725 at price-fixing time $4.9731 yesterday, | but the American equivalent advanced 1 cent to $35.03,

similar level. Gold on the market amounted to £868.000 ($4,316,130), the second suc-

{ cessive decline from the 1938 record

| |

of £1,773,000 established Wednesday.

Dollar Steadies

In Foreign Exchange NEW YORK, June 17 (U. P.).— The dollar steadied in relation to leading European currencies in for-

| eign exchange trading today.

|

The improved trend in the dollar,

after six successive days of nerv-

| ousness reflected lessening devalua-

High Low Loft, In¢ ...... 1}2 112 1'2 | Lorillard ...... 16%a 16'3 16a — Lou & Nash ., 32 32 32 . | Ludlum Stl .... 14a 14} 14 — % | —Me— | MacAn & For .. 27 27 27 — ¥ Macy RH _..... 30% 30 30, 4+ la Marshall Fld .. 73% % — la Martin Gl ..... 227% 22% 227, — 8 | McCall Corp ... 10!s 10 10 + Ia { McIntyre Porc.. 44% 44's 44% — 2 | Mead Corp .... 9 9 9 + Ya Mesta Mach 29 29 29 = a | Mident Pet . 15'% 15'% 15% +4 la Mo-K Tex pf{.. 87a 834 53 — Mo Pacific .... 7s a 8 ..... Mo Pac pf ..... 13s 13a 13% +4 ! Mont Ward 3338 3132 313% — » Mullins Mfg B 43 4'y 4a . Murray ........ 8'2 5'z2 52 ia — Nash Kelv ..... 1 7 ‘ — a Nat Acme 8%a 8° 8% J Ia Nat Biscuit .... 23'2 233% 233% + 1!» Nat Cash Reg.. 15'z 13!2 1512 — la} Nat Dairy 3% 13% 13% ..io | Nat Distillers . 19 187s 187a — 15 | Nat Gypsum ... 6 6s G¥2 oe.) Nat Lead eos 20 20 20 - 1 Nat Pwr & Lt 6a 6's 6's =— 14 Nat Steel « 48'2 43U 49% — Ih Nat Sup Penn . 13% 15 15a 4+ | Newport Ind .. 12's 11% 1173 — Ia N Y Central ... 11 102 10'2 — 34 { NyoasL “eens, I a 9a -— N Ship Tha ils ila =-— 8 Norf & West 33 33 33 ae. | No Amer 8a 19 9. se... { No Am Avn 92 9} 914 =~ 33 No Pacific ..... la T% Ta } Oliver Farm Xe 21% 2112 212 .... Omnibus 1032 10'> 10'2 -— ! Otis Elev 173s 175s 175g = Is Owens Ill Glass 541 5412 58'z Pa Pac G & El ... 263: 265% 2653 + 8 Packard sev 308 3, 33s c Paraffine Co ... 31'2 31!2 31l2 —1 Paramt Pict . 6% 67s 6% .... | Parke Davis 37 37 37 + 12 Parmelee ww 1% 112 1a + a Patino Mines .. 9% 9a 938 + 3a Penney 63 63 63 + 4 Penn Gl Snd cts 12'2 11'% 112 — 14 Penn RR . 142 147 14's — 13 Phil Morris Hs, 1% 1 1 7-16 Jd, | bd .e Peoples Gas . Be3, 29 —_ 13 Phelps Dodg .. 207% 2 20% + 3 Phil Morris . 92 £ 92 + 33 Phillips Pet 33 32 32; — 4% ress Stl Car 6 6 6 5. { Procter & G 477 4773 47% 4+ | Public Serv 27% 27% 291% + 1a | Pullman 23's 23 23 -_ 12 Pure OHH ...... 9, 91% 81% ase oi | RaGio ......ovveae 5% 5's 514 ...a Radio-K-Or ... 2'3 23 218 «-- Raybestos ..... 2's 2's 2's + la Reading seer 11 103, 1032 — 113 Reo Mot «a.% 31556 133 133 t la Republic. Stl ... 1232 1233 1233 -— ls Revere Cop 9, 9% 9% — 12} Ruberoid ..... 17 17 17 + 3 Rutland of 1'% 1'% 14 ... | — | Seabd Air L .. 1; 15 12 { Seabd Air L pf 133 13a 135 . Sears Roebuck. 574 5633 56a — 1 Shattuck 8 8 8 — 1a Shell Un Oil 1233 1214 1233 } la Socony- Yacyum 1315. 13 131s 4+ 1a So Am Gold ... 2 24 ala ..... South Pac 103s 10's 101g — 34 South Rv . 8% 63a p32 ~~ la South Rv pf .. 10's 104 10a — 3a Spear & Co ... J! 5'2 §l2 — 3 Sperry Corp 21% 20% 20% — MW Std Brands .... 1 7 7 kh Std G&E sah 2 3'2 32 4 1} Std O Cal 265s 2612 12 .... Std Oil Ind .... 28! 28'> 28'2 Std Oil NJ 47 467s 4687» Sterl Prod .+ 812 61a Bila — 1 Stone & Web .. T'a lz Ta va Studebaker « 4s 4! 4s ... Sunshine Min.. 107s 1073 10% 4 4 Suth Pap ..... 23%, 3 B% — 3 rs Tenn Cor» ..... 812 51% 5" .... Texas Corp 387s 38's 38a ... Tex G Sul 31'a 31% 31g — 1% Tex Pac LT .... .9'% 9 93 1 la Tide W A Oil... 12';3 121% 12a 4 Val Timk-D Ax .... 8% 8% 8% — Ia Transamerica 9 9 9 — Ha Tri Cont . . 3s 3's 3Vs + 4} 20th Cent Fox . 21'2 21 21 “avi Twin Coach 7 1 7 i Union B&P 9's 0's 9's 1 a Union Carb 6674 66 66 Ya Un Pacific 62's 61 61 Un Pac pf . 68 68 68 -— 2 Un Aircraft Cp. 26% 25% 25% 3 Un Air Lines Ta T34 7% United Corp 23s 2% 238 — 3 United Cp pf . 25 25 25 — 1 Un El Coal ... 415 4's 415 .. Un Gas Imp . 93% 9% 934 — U S Gypsum 68: 68': 68'a —~ !, ¥ S Rubber 272 26'2 26% — Io S Rub 1 pf. 65, 63'2 632 — 1% u S Steel ae $234 413; 41% — 1 S Steel pf ... 962 96'2 9815 — 14 Un Stores A 13% 13s 1% — 1 —ta Vanadium ..... 14 14 14 ‘ene = Wabash pt A . 23 2's 2'% . Walworth. ...... § 6 6 -_ 1 Warren Br 2% 23 23% ahs War F & P 233; 233% 23% + 1a Wes Oil Sy S 30 30 30 — a | West Air Bke 187% 183% 183, — 3 Westing El 76% 42 745%: — 1%; White Mot 5% Sa 15 —_ 1a White Rock ... 6!2 62 6%: — 13 White Sew M .. 14 1% 1% ies Willys Overind 1% 1'% 1% —— i Yellow Tr .. 11% 11 11 — 1% | Young Sheet .. 29 283, 283%: 4+ V, wl | Zenith Rad 1n 11 11

tion rumors and coincided with a marked slackening of demand for

130M on the London bullion market.

INVESTING CO.’s

(By the Inv. Bkrs. Conf. Inc.) id. Asked. Bid. Asked. Ad Fd 2 9.87 10.50 Invest Bank Corps: Affil Pd 46 3.81 1st Bos 15.25 16.75 | Amx H C 18.50 20.25 Inv Pd C 8.37 18.95 Am Bus 281 3.10/ Ky CF-Bl 23.79 25.96 Am Gn Eq 53 58 CF-B2 1916 21.00 Bkrs N In 140 1.90 CF-B3 12.58 13.82 Ss Fnd 13.02 13.93 “ CF-K1 12.15 13.30 Brd St In 21.00 22.46 CF-K2 3834 9.26 Bull Fd 11.25 12.25 CP-S2 11.26 12.48 | Cent Tr 20.25 21.78! * _CP- 3.71 4.14 Con Shs pf 4.25 5.25 MaMid Fd 4.65 510 | av, ir 8h 193 ..../Mass Inv 17.77 18.85 - 1.92 Mut In Fd 9.28 10.14 i 1.92 226 N N-Wide sec 2.62 2.72 Aa mod 2.26 .... vig 1.08 1.19 md 2.26 . Natl Iny 445 4.74 Cty “ry 3.90 N Eng Fd 10.42 11.21 | D B NY A 129 ....[N Y Stocks Inc: Den Ins A 258 ....| Agric 6.57 17.12 | 245 ... Aviat 6.99 17.57 C 295 ....| BK Stks 6.84 17.41 | ‘DS 460 5.20, Elec Eqt 6.06 6.57 | Div Shs 1.04 1.13 Metals 6.87 17.44 Etn Hwd 15.11 16.23] Oils 7.80 8.44 Fidelity 16.09 17.321 RR Eat 5.16 5.60 | Fiscal! Fund Inc: | Steel 5.89 6.39 Bk Stk 222 246/N Am Bd 483.8% .... Ins Stk 298 3.31 Tr 1053 1.88 .... Fix Ir. A 2.33 ..,.} * 1935 225 .... For Bnd 6.31 6.86 * 1956 3.21 ‘y.,, Fnd Inv 13.72 . |Quar Ine 8.31 9.11 “a 4.14 4.75 Rep Tr 7.90 8.40 “B 3.74 .. .!Sel Am Inc 8.24 8.98 Gen Cap 26.70 23.71! Sel Inc 3.43 .. Gen In Tr 3.99 4.34 Sov Inv .58 85 | Group Securities Spn Trsk 13.07 13.76 | Agric 93 02:St Am Tr 1.865 2.05 | Auto J0!Sup Crp A 2.71 .... Aviation 1.07 1.17 B 2.8% ..:. Bld 102 1 121 ir C 405 ‘eh Merch 81 .B9 Sun_ AA 1.83 “ iin 1.06 1.16 BB 1.83 : Petrol 96 1.05 Supvsd 8.21 8.92 Steel 3 97 Tr Stn C209 .... b 1.03 i A 5.71 | Hur Cop 18! " Oil B 5.12 | Incor Re 15. 12 1626 Tr A BKB .53 .59 | Instl Seeurities Ltd: | Trst Ind 78 85 Bk Grp 95 1.05 Well Pnd 11.58 12.78

LOCAL PRODUCE

Heavy breed hens, 14c: Leghorn hens, 12¢; heavy breed broilers, 1'2 Ibs. and over, 4c! Leghorn broilers, 1'2 lbs. and over, 12c; bareback broilers, 10¢. old roosters, dec, No 1 strictly fresh country-run eggs, 15¢; (each full case must weigh 55 lbs. gross; a net deduction of 15 cents for each full case under 55 Ibs. will be made.) Butter—No, 1, 28'2@29'2¢; No. 2, 25'2@ 26c; butterfat—No. 1, 21¢; No. 2, 1%c.

(Prices quoted by Wadley Co.)

DAILY PRICE INDEX!

NEW YORK, June 17 (U, P.).—Dun & Bradstreet's dally weighted price index of | 30 basic commodities, compiled for United |

Press (1930- 32 tquais 100): | Yesterday .. ..105.48 Week ago ..104.23 Month ago . .+.105.35 | | FEAF aRO ..... .“s .. 141.43 1938 high (Jan. 10) ..117.08 1038 Jow (JUNE 2) ....o0.ii00.iis0s 102.43

Ciry Secoriries CorPORATION

| for a 10-cent reduction in the face

| 50 cents lower, after sellers had held | out for steady

| more in spots, with a spread of $7.40 | to $8.25 covering

| slaughter classes to test the mar-

| small lots of common grass steers | held over

| few

in |

how- |

This |

Off |

the highest | since March 5 when it stood at a!

[sae oeposit

Porkers Lose Five Cents in Slow Market

In one of the longest drawn out affairs in months local hog values were finally established at steady to 5-cent lower levels, according to the Bureau of Agricultural Economics. Up to a late hour buyers held out

of generally steady asking prices. A compromise found weights 160 pounds and upward at a nickel loss, with lighterweights holding unchanged under broad demand. The vealer market was established

prices until a late hour. Better grades are bulking at $8 to $8.50, the top at $8.50. Fair to | good Western stock steer calves are | being priced as high as $9, with | plainer sorts as low as $6.50 and $7. Poor conditions in the. dressed trade was largely responsible for the mild downturn. The loss dropped | the top back to. $9.15 for 200 to 210- | pound averages. Packing sows were hammered 10 to 15 cents lower and

the bulk, with smooth lightweights possibly quotable above. Cattle Receipts Low Cattle receipts of around 300 head included a of Western stock leaving hardly enough

car | calves,

ket. The display included numerous

from yesterday, demand

for these being extremely narrow. A lots of grass-fed lightweight steers, however, made $8.25 to $8.65. | Nothing strictly dryfed was on hand. | Common, little off-colored grassers | were moved around $6 to $7. | The small supply of spring lambs | held gains scored in some late transactions yesterday, leaving values 25 to 50 cents above yesterday's early or bulk sales. Good to choice springers cashed at $9 to $9.50, with lower grades $7.50 to $8.50. Other classes

| serve as

TONIGHT

5:30—Science Program, CBS. 6:00—Lucille Manners, WIRE, 6:30—Paul Whiteman, WFBM. 7:00—Hollywood Hotel, WFBM. 10:30—Bob Crosby Orch.,, WGN.

Though the networks will be concentrating on sports events during the coming radio hours, the biggest

noise won't be that of the starter’s gun in tomorrow's major track meets. It will be the sound of exploding atoms—actually. The CBS “Adventures in Science” broadcast (5:30 p. m. today) is presenting the Columbia University physicist, Dr. John R. Dunning, as guest scientist. Dr. Dunning will bring to the CBS studio equipment from the university laboratory. The explosion of single atoms will upset the delicate apparatus to the point where sparks will be produced. They will be heard by dialers. Cosmic rays shooting through the studio likewise will produce similar audible sparks. In addition, the program will trace the history of the concept of matter, from early scientists’ belief in the basic elements of fire, water and air, to the present day. ” ” ” The three major networks will set up shop at Princeton's Palmer Stadium tomorrow to bring news of the annual track meet. will be the mile run, the American debut of Josef Mostert, Belgian distance runner who holds the world's three-quarter-mile record. American milos n s

you | invitational | A feature of the event | which will |

ON THE RADIO

ers will include Glenn Cunningham, Archie San Romani, Baline Rideout and Pete Bradley. Ted Husing will broadcast the | meet for CBS; Bill Stern for NBO | and Dave Driscoll and Marsh Crowe [ley for MBS, all at 3:30 p. m. | WFBM will carry two CBS sporte { casts tomorrow—15 minutes from | the National Collegiate A. A. meet at the University of Minnesota (2:45 p. m.), and a half-hour description of the Dwyer and Carter Handicap from Acqueduct Track at 2 p. m.

» “

Music lovers needn't think they're | seeing things when they read the {announcement that the Kneisel String Quartet will be on the air tomorrow. This is a rather recently organized group bearing the nan e of the famous Boston turn-of-the-century ensemble and led by Frank Kneisel, first violin. The other members are Otto Frohne, violin; Albert Fracht, viola, and Claus Adam, cello. Tomorrow they are to play a quartet by the 18th Century Vien nese, Dittersdorf, and Brahms’ Quartet in A Minor, Opus 51 No.2, at 10 a. m. on CBS.

More chamber music is scheduled at the same hour tomorrow on NBCRed network stations, when works for two violins and viola will be presented by Wolfe Wolfinsohn, Bernard Robbins and Marcel Dick. The program consists of Kodaly's Serenade, Opus 12, and the first movement of Reger’'s Serenade in | G, Opus 14a. #

”

THIS EVENING |

(The Indianapolis Times is not responsible for (naceuracles in Program ale nouncements caused by station changes after press time.) )

continue scarce and quotable unchanged. HOGS June 6. ue SP iesitidii aie $ 8.96 4797 Petes sivens Seaeses 9.00 6363 8 siiniinias diesatiiiseti 9.00 7819 9. chbbbstitstatasnirnan 9.00 7089 10, 6809 11, 1000 13. 7300 14. 8600 15. 4383 16. 5000 { IT. 6371 Barrows and Gilts— 1140-160) Good and choice..$ 8.25@ 9.03 (160-180) Good and choice 8.65@ 9.10 | (180-200) Good and choice 8.85@ 9.15 | (200-220) Good and choice 8.95@ 9.15 (220-250) Good and choice 8.90@ 9.10 1250-290) Good and choice 8.80 8.95 (290-350) Good and choice 8.65@ 8.80 Packing Sows— (215-3301 Good ............. 8.00@ 8.40 (350-425) Good ..........00n 7.75 8.10 (425-550) Good ............ 7.85@ 7.90 1275-550) Medium dia 7.354 8.00 Siaughtel Piz (100-140) Good and choice... 7.75@ 8.50 é edium hi 7.50@ 8.25 —Recei pts, 299— Steers 1750-900) Choice 33521000 1900-1100) Choice [email protected] 11100-1300) Choice .. [email protected] 11300-1500) Choice [email protected] 1750-900) Good 3302 9.25 (900-1100) Good ..... 8.50% 9.50 | (1100-13000 Good 3 Na 9.50 | 11300-1500" Good ‘ 8.75 9.75 1750-11000 Medium 7.50@ 850 (1100-1300) Medium 7.75@ 8.75 1750-1100) Common 8.256@ 9.25 Steers and Heifers— (550-750) Good . ce.ess 8.500 9.25 Heifers (750-900) Good ........ oes 8.250 9.00 (550-900) Good thai svebas « 150@ 8.25 (650-900) Common ......... 6.50@ 7.50 Cows al, Weighta=— 08 oiiiiiiiiiiiiiveiie «we 6.25@ 7.00 Moa tum dis tiinitannind «+. DH.T5@ 6.25 COMMON... ...cconpiciisainn 5.25@ 5.75 Low cutter and Salter chee 3.79@ 5.25 Bu Yearlings Excluded tail weights) — Good (beef) 6.256@ 7.00 (All weights) Medium . 6.00@ 6.75 Cutter and common ........ 5.00@ 6.00 Vealers (All weights) Choice ........ «+ 8.00@ 8.50 (All weights) Medium . 1.50@ 8.00 tAll weights) Good 6.50@ 7.00 Cull and medium 4509 6.50 Calves Receipts, 609— (250-4000 Choice Qiu 7.00@ 8.00 Good 6.00@ 7.00 Medium .......... 5.75@ € 25 Comnton ........ 5.250@ 6.75 Feeder and Stocker Cattle Steers— 1500-800) Choice ...... ‘es 1.25@ 800 1800-1050) Choic® +.....ss.ee T.25@ 8.00 (500-800) GOOQ <i.covnssvare 6738 7.25 (800-1050) Gocd sesanssses 1.50 8.00 (500-1050) Medium sieves 6.70@ 1.50 ommon ....s...s 6.00@ 8.75 Helfers— : (550-750) Good and choice.. S00 1.75 Common. medium 6.00@ 6.75 SHEEP AND LAMBS —Receipts, 290— spt jug i a Cholce ........ivoiviaiives « %00@ 9.50 Goog © ah sestaninanes +o 850 9.00 Medium ..ccaciuniiiiiiiace «+ 8.00 8.50 Common .+.v..ivues sessisnsss 1.00@ 8.00 wes— Gooa and choice .......... 2.00@ 3.00 Common and medium ...... 7.75@ 825 CHICAGO, June 17 (U. P.).— -Hogs—Re ceipts, 7000; directs, 2500; uneven > to 15 cents lower; top, $9.25; good and choice 170-230 Ibs. $9409.20; 240-270 1bs., $8.85 { 9.10; 280-325 lbs., $8.604r8.85: good I'ght | Rinaing SOWS, [email protected]: medium and heavy inds, $7.40@ 7.85 | Cattle- Receipts, 1000; 500 calves; most killing classes arvund steady in cleanup | trade; commc and medium grade steers

| and heifers and common beef cows very slow and draggy;

best yearlings availanl | $9.75 top for >

the day; few loads £[email protected]; loud lot heifers offered; market quotready; most cutter grade cows $4.25 ht kinds down to $3.75; bulls light and medium weight offerings £ practical top, $6.75; vealers mostly

few $9.50, “Receipts, 4000: 3000 directs: old ped lambs and springers active; fully 25¢ Sher: 5 Sheep, firm; four doubles | choice daho springers, $9.75 | straight; EE ALLOreT small lots up to $9.75; clipped lambs,

$3 ood and choice 80-89-1b. [email protected]; few head native slaughter iv

Sheep | crop clip

$313.50, WAYNE, June 17 Market, 10¢ 240 lbs., $8.90; Ibs,, $8.80; 240- 260 lbs., | $8. 60; 280-300 Ibs. $8.50 £8. 40! 325-350 Ibs.. | 120-140 ]bs., $8.25; | Roughs. $7.25, stags,

ewes, FT.

June 17 hi Roc lower: : 0 lbs, $8. 00@9. 10; 230 275 1 ' $8. 704 8.80; 275- 325 lbs., $8. 60% 8. 5; 3 he $8.50 down; roughs, $8 down. Calves, $7.50 @8. Lambs, $8.50@90.

IS LOW COST BOX INSURANCE

9 Different Sizes $3 to $100 A YEAR

Security Trust Co. 130 E. Washington

ESSN

Breed, Elliott & Harrison

Established 1912 1115 CIRCLE TOWER

GOVERNMENT BONDS

FEDERAL AND JOINT STOCK LAND BANK BONDS

REAL ESTATE PREFERRED STOCKS AND BONDS

INDIANAPOLIS INDIANAPOLIS CINCINNATI CHICAGO WFBM 350 WIRE 1400 700 WGN 720 Yess Net (NBC-MBS) (NBC- MBS) (MBS Net) 4:00 Lights’ Or. Unannounced Labor Conf. Bill Anson 4:15 Earl Gordon Happy Gilmans Melodies 4:30 Tea Tunes Johnnie Johnson Paul Douglas Airliners 4:45 " " 4 » Lowell Thomas Orphan Annfe 5:00 Bohemians WPA Concert oss Jyinsiow Popeye 5:15 Boake Carter Uncle Ezra Clark’s Or, 5:30 Popeye News tee : ‘Celebrate Boh Elson 5:45 News Orphan Annie P. Sullivan Piano Parade 6:00 Melodies Concert Mv Name? My Name? 6:15 YMCA Program ”" " " 2 " " 6:30 Whiteman’s Or, He. Explore Ohio Lons Ranger 6:45 ” LL ” ” Serenade ”» ” 3:00 Hollywood Hotel Waltz Time Revue Croshv’'s Or. 1:30 ie “ Death Valley Death ha Heidelberg Or. | 7:15 " " " H Rhvt Tomorrow's Trib. 8:00 Light Opera First Nighter First Nighter Dedication 8:15 Ww n " " ’ ’ " ’ 8:30 " “ fimmv Fidler Jimmy Fidler Curtain Time 8:15 James Melton Melodies Rhythms " ” | 9:00 Joisrizinment Amos-Andy Amos-Andy ” ”" | 9:15 Lum- Headlines Vicki Chase Denny's Or, | 9:30 Sports Review Baseball Playhouse Young's Or. | 9:45 Berigan's Or. ” ” " " Go " | a. | 10:00 News » " P. Sullivan Kyser's Or, | 10:15 Beecher’s Or. " " Los Amicos ” " | 10:30 Noble's Or. Payne's Or. Dance Or, Crosbv’s Or, | 10:45 ye : Henderson's Or. " " " " 11:00 ©’ Hayes Or. Bailev’'s Or. Review Agnew’s Or. { 11:15 Kirk r. Agnew's Or, Sprigg’s Or, " i’ 11:30 Gendron’ s Or, Pirro's Or, Moore's Or. Pirro’s Or, 11:45 Noone's Or Haug's Or, " " ” ” SATURDAY PROGRAMS | INDIANAPOLIS INDIANAPOLIS CINCINNATY CHICAGO WFBM 1230 WIRE 1400 LW_ 320 WGN 700 (CBS Net.) (NBC-MBS) (NBC- MBS) (MBS Net) 6:30 Early Birds Devotions Hush Cron Musio Box 6:45 hn " Remember Reve n " 7:00 " i" Musical Clock Orga Good Mornine 7:18 h" - * "” Peter Grant " 7:30 “ - Dessa Byrd Hillbillies 4d "” 45 ” ” "” ” ” » 8:00 Organ Sweethearts Arcethearts CranebJoyce R:15 ’ id Ensemble Vienn %:30 Jewel Cowhovs Musie Your Birthday Melody Jarade 8:45 9 n " Synagogue Birthda 9:00 Orientals Hizhlizhte WLW Mail Bag Get Thin 9:15 Ramblings Hy » " June Baker 9:30 Musical Comedy Nayy. Band Dr. Friendly Army Band 9:45 a ” Women’s Fed. " " 10:00 Serenade Dessa Byrd Mv Health Poetry 10:15 nh " » hs Elinor Sherry Melodies =) 10:30 Children’s Hour Footnotes News Ouin Rvan 10:45 n N Gypsy Trails Farm-Home Mail Box 11:0 ” ” Ho-Po-Ne " " State St. Man 11:15 Ensemble ¥ i id " Alice Blue 11:30 Farm Circle Farm Hour Afternoon Fdition Services 11:45 Farm Bureau ” " Kenny's Or. " ig 1 News Campus Capers Jean Ellington Revue 1% Meditations " ” Kidoodlers Motor City Afternoon Off Farm Voice pal 1 ” ”n ” ”» Farber’ s Or. ” » 1:00 Merrymakers WIRE Reporter Jean Ellington Music Hall 1:15 ” ; Headlin Dot-Pat : 1:30 Gertrude Lutzi Rendezvous Ricardo Leadoff Man 3: Dwyer Stakes Baseball | Club Matinee Baseball | | 2:30 4 Clubmen - on on 2:45 Track Meet " " " " ’ 3:00 McCune’s Or. i" H Trio Time n n 3:15 ” " ” ” ”" EL ”n ”» 3:30 Famous Homes "” id Sabin’'s Or, n ” 3:45 Flanner House ig " Ad Club n 4:00 Scholarship Unannounced Truly American Bill Anson 4:15 ” " ” " " " Schemes 4:30 " " Rakov's Or. Paul Douglas Musio 4:45 Shaw's Or, Nn n Rakov's Or.

CBS—WABC, 860; WIR, MUTUAL—WOR, 710; WHK, 1390;

KEY NETWORK STATIONS (Subject to change): NBC-BLUE-WJZ, 760; WOWO, 1160; NBC-RED-—WEAF, 660; WTAM, 1070; 750; WHAS,

WENR-WLS, 870; KWK, 1350. WWJ, 920; WMAQ, 670. 820; KMOX, 1090; WBBM, 776. WHKC, 640; CKLW, 1030; WSM, 650,

CROSSWORD PUZZLE

"HORIZONTAL 1 Tree, genus Acer. 6 Feminine pronoun. 9 Blade of grass. |R 14 Stranger. 15 Tree bearing acorns, 16 Most highly prized species of pictured

§7 This tree is used for =

32 Fish organs. 34 Wine vessel.

Answer to Previous Puzzle

12 Every. 13 Cereal grass. 21 Before. 22 Wrath. 23 is obtained fron its sap. 24 Shrub containing indig 25 Rollicking swing. 26 Weight, 30 Musical note,

tree. D EL 31 Parent. 4 17 Bearlike 33 Signal. animal. “tote 35 To groan.) Unit 39 Early Biblical VERTICAL 37 Florid. 18 Unit. people. 1 Geographical 38 Boxes. 19 Corner. 41 Age. drawing. 40 Elder states 20 Spiral org 42 possibility.) 2 Wing of a men in Japan) of a climbing 45 wajtzer. seed. 41 Paradise. plant. 49 Dunce. 3 Brooch. 42 African tree, 23 Dealer in salt. 50 To assault. 4 Guided. 43 Venerable, 27 Road. 52 Region. 5 Growing out. 44 In bed. 28 Genus of 54 Wings. 6 Early. 46 Serene. fresh-water 55 Hoisting 7Itis @ === 47 Assam mussels. machine. tree. silkworm. 29 To run away. 86 Falsifier. 8 Water cress. 48 Back

9 To burn with 49 Exclamation steam. of contempt.

36 Star. + floors. 10 Play on words. 51 Sorrowful 38 Company. $8 Its seed. 11 Unit of work. 53 Constellation, 6 IW liz 113 3 4 6 | 7 3 ; | 2 0 7 é ol 32 : v il \ ¢ 2

%