Indianapolis Times, Indianapolis, Marion County, 7 July 1938 — Page 20

n PAGE 20 THE INDIANAPOLIS TIMES THURSDAY, JULY 7, 1938

[) : | grades, a few selects 810. The stocker All weights) Good ‘“ @ Af LOCAI RODUCE | 28156 Butterfat No. 1 Heady’ d HEDGING UPSETS epostis Lower PORKERS CLIMB and feeder trade has not shown he | EN An medrm oii som 7 CORN AND WHEAT REGION | g a : om : ue ¥ | cso (FTICES ORONO WBE E¥pansion expecte rom such an ¢ . oultry—Heavy breed hens, ¢. Legce in fat cattle as has been | iy OFFICIAL WWEATITER ox. ang over, 13c: Barred nnd White Rock | o

- Ree 0 - s. and over BANK DEPOSITS | advanee recently, and prices on re- | Sites Receipts By U. 5. Weather Rurean springers, 2 LA and over, ALE (Colored ( O ] O n 1 al | | (250-400) 1 Shisiisaias 1 | springers. 1': s 3c: Leghorn ANGE FEDERAL RESERVE MEMBER BANKS } | | 0 $9. 80 MARK | placements are only firm. 0 ie : | § Precipi- State of | broilers, 12 Ibs. and over. ile: bareback | * | i i { 2! Stat s Low tation Weather | broilers, 9¢; old roosters, 9c. 3 e was registered in sprin Medium. .......... | ation High a ‘ " } No chang 2 pring Common 3 8 Bend coon. 8771 0 Clear | Eggs No. 1 strictly fresh country run, Savings and Loan !

lamb prices and the top held at $9. Feeder and Stocker Cattle | Weather Lilie ’ Cloudy | 16c. Fach full case must weigh 55 oH Association Winnipeg Reaction Also Aids

Clear | gross: a net deduction of 15¢ for each pety heaton A | CELTIC Again Pays Savers Grain Dip in Chicago

Clear | | 1922 1933 1934 1935 1038 1937 ®38] boosted to $9.80 today in an un- f-diania . 4 193 | Spring Lambs— BE iddidica $ hoi ‘

~ ' steady 20-cent higher | ‘ | 5@ TF eEASORATEs TESTOR] | rade. the Bureau of Agricultural i A [111] ON WABASH RAILWAY \ SAVE

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JUNE EACH YEAR J Bul he bett ades moved | so CE r Tr / UIR Of ce beter = Steers... | Rochester a8 South Illinois St. Latay ette " | Cambridge City | Columbus { Vincennes

from $850 to $9, with common to| (500-8

Cattle Also Higher Here: medium sorts $7 to $8 mostly. ntidse) & Vealer Price Rises Paoli PLLLLE Ft. Wayne .

| few slaughter ewes continued to] (800-1050) Good b Heifers— | Indianapolis ‘as 50 Cents. Fy of 2 (550-750) Good and choles . 6.75@ 7.75 | Terre Haute ..... 92

Butter—No. 1, 28':@20¢: No. 2. 280

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cash from $2 to $2.75. 1500-1050) Common, medium Evansville

BILLION DOLLARS > »-3 “33

CH AGO. Julv 7 (U. P ede - INCORPORATED INVESTORS : : ing aD a i rei "oy ‘at Economics reported. Weights scal- | Barrows and Gilts— 5.00 _ Somme WASHIN TON. Juls 1 U.P rt Phar aaus the eatin 2 “TAN en i 2 unds were 5 to 20| (140-160) Good and choice n| 3.30 | Ewes GTON, July 7 (U. P.).— | Winnipeg caused a recession in BOSTON. Mass. July 7.—De- |ing under 280 pound choice Good and choice . 18a 2.71 | ‘

} : hg 51, = . wheat prices on the Chicago Board Dbosits in the reporting member | Cents higher, while heavier weights &t and choice Common and meditm ...... 5 The Interstate Commerce Commis- | 8 ¥f pag A — | sion today set hearings for Sept. 7 | ped S$ oa $5 MONTH

| ; h ’ . : 28 8 choice of Trade todav after early Armness banks of the Federal Reserve |held only steady and some extreme Na Paice p : Suet : "Hh rep ; 4 . July 7 (U__P.).—Hors—Re- : At the end of the first hour of System in June were down | 1290-350) Good choice ceoRICABS. HY uding 3500 direcon. mar. | at Washington on the proposal of |

heavies from 375 to 400 pounds were | 1250-290) Good : choice ad 1 ] ear reduced 10 cents. : , \ ects Lo * R trading wheat was up 's to 0 < slightly from a year ago but [Te : | Packing Sows-—- ket. slow, few early bids and sales about | a ‘ah \ Q = : Rg 128 Mu o off t § May. | Weights from 200 to 210 pounds (275- S30) Good ; | steadv with Wednesdav's average: choice | the Wabash railroad to take over Sr rt 38. Chart Shows

Corn was up 's to !y, and oats were showed some increase over : va a d $9.60 better. Cattle— ; NY ie |S ‘ or A. higher : In June total loans and invest- |continued to make the top figure of | 1330-425) Good Receinte 5000: dalves, 1000: markel, «teady | the assets of the Wabash Railway | Ye eee Ye Growth of Your

: | (425-55 5@ 1. ay - Strength in outside markets and, ments made by the banks also |$9.80. Packing sows were strong to 1310:330) Modu’ .oiiilli Tas | Sheep LikGceiots, 3000: directs. 3000: mar- | Gg of Indiana. 5 yO are er Ménsy the rise in stocks brought in early increased somewhat over May. [19 cents righer, bulking from $7.23 | slaughter Pigs— d . me ' 3 0 buying and some milling demand These increases in deposits and |to $8.25, mostly $7.50 to $8.25. Stags| (100-140) {ood and choice. $3390 3.001 ww also aided the upturn, but hedging | investments were largely due to cleared from $7 to $7.30. u CATTLE E ERGIZE LAZY DOLLARS £ z pressure and the easy tone at Win the purchase of U. S. Government The consistent advance in prices “Receipts. 1186— MN Si | 1 of &ll classes of fat cattle the last | Steers :

| two weeks continued today in an- (750-900) Choice 10.00@ 11 | h J : . | oR i | 4 y All account INSU £5.000 other fast, strong to higher market. | (900-1100) Choice ........... 10 0611.20 JULY Funds invested by the 10th day of any i e RED up to 00 by the Federal

a Savings and Loan Insurance Corp. a Federal Agency. (1100-1300) month earn dividends figured from the

; : ) Fw) : . str 25 ts | (1300-15001 G cesssness 90.506 10.78 . . . - Export sales of 1€8 ere smal IES on first rounds strong to 2 cen 750-11 Open an Account in Any Amount From $1 to $5,000 ; ‘By: : $016 & $ ¢ 34 1750-1100" Mediu . .i 8.50@ 10.78 3, i ° 1 ne AL ISSU | above previous gains this week, with | 501300 Jegium . 9.30% 19.75 Put YOUR vagabond dollars to WORK. Accounts Opened by 10th of Month Earn Dividends From Ist

and receipts in Chicag wer esti ' , Meduim ‘ v In 1apolis Bond & Share Corp.) : : . ¢ =a 1 a otis heifers and cow stuff strong to ex- 750-1100) wan (plain)... 8.00% 9 For ; ; i ‘ € r information regarding our saving . 5 = ; 8 Write or Call for FREE Savings Bank and Folder explaining Celtic's INSURED Savings Plan

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nipeg more than offset the demand bonds bv the banks. Of the total Reports of rust in the Northwest deposits about one-quarter are spring wheat belt and in Canada! time deposits, the balance demand attracted some attention and halted gg ieposits.

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the recessi mn temporarils a

mated at 197 car I'he following quotations do not repre. - Steers and Heifers Corn rices maintained : § 3 actu pid r offerings but mereiv | tremes 25 cents up. 1550-7501 ws . B.715@ 9.75 and investing plans, call at our office

a Approximately 10 loads of strictly déiteis or write for free folder. F good and choice 6 to 8-months fed | 150.000) Good . he corn belt BONDS cea 985 to 1170-pound steers cashed at| 1350-300) Medium bees 130m ; Export sales of corn overnight And | American Losn Cg 8'us 46.51. . af ) $10.75 to $11.75. Other steer sales| '™" GUmmoN ; re SATURDAY Dividends Paid July 1st, 1938,

Fel (TH) glas 61 1 10 in the grain fed contidngent ranged

today were placed upward of one g te ny lel Ft W 5'as 53 ) : - All Welghts— ; 0 \ million bushels. Receipts of corn in | i det & Tel Ft W W 8 43 |X 5 | from $9.50 to $10.35. iu ati 53 | at rate of 39% per annum : Chicas were estimated at 147 cat 10 Asso Tel dies 63 Ne: Best 746-pound mixed yearlings Medium . 6.00¢ B s : I Co os 60 4 3 Common jase oeee JOD 0

$ hb tM ROY A 3 fare mana ana alice LOnNe £ o0Q oreign aen Q § l ya id © uvin and sellin

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scored $10.25, several loads and lots | ow cutter and eutier

iH [ntersiag | & lel alas 63.7 86 84 di d good fed heifers $9 to - hlesvill Indpls Water Co 3'2s 6 10 106: | medium an ] 1 Bulls 3 me Ne te ew Whe t Kokomo wat er We ks os 38. iud 14 $10. Good eet ee sorrenty Yeates Excluded (all weights) — : : | SAVINGS € LOAN ASSOCIATION ents for New Whea Morris 8 & 10c Stores 5s 50.0 983 | Bulking ab $7 to $7.50, Other cows Cond (beef) oi: 0. ; ol ¢ Assn NORI ESV] LE. July % Mut cle ter rK 35 sani down to $4. d ? Cutter and common ....... f : “3 S 2340 J A IE bid . , A n LEE OF INDIANAPOLIS 23 WwW. OHIO ST. A nrice 2 a hushel far ne Sete Tel BL&E o's 3 8 *] Vealers scored a 50-cent rise to Vealéis | | es Pl y Art et: Nod uly, Tel 4158.85 (ti siiiesieses 8) bulk from $9 to $9.50 for the better! a1 weighis Choice W at was sel toaay by the Nobles Richmon 5s §7.- “e 3s | a —————— ille Milling Co This Wz thi Seymour Water Co 5s 49

Hae Noma E. EMA Condensed Statements of Bank and Trust Companies—Members of

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STOCKS

inadp BALE b Gidi/ The Indianapolis Clearing House Association

Indiana

of the

iot has been ; ater Co 5% off... .. gd Fidelity The Merchants American First Wheat Delivery "“xEx-Di ag € ors Loo oe : Statement of Condition June 30, 193 Made at Huntington 3 “hy Sungvient oF Golidition Jitne 30 193% Statement of Condition June 30, 1938

HUNTINGTON, July 7 (U.P) INV BSTING TR RESOURCES

i he eat to nvestment Bankers Conf.) RESOURCES (of 1 ew wheat to a By hvestme a Bid Ask , . {6 S081 48 Cash on hand and on deposit with Federal | was made yesterday im Fds 1 Cash on hand and in banks ... $1638.95] ! RESOURCES Reserve Bank and other banks $12.492312 86

is of Polk Fownship. He U. 8 governthent securities. .... 241500 00 $1,880,451 ! Onited res government securities 14.181.491 10 the first grain from fs . 3 ¢ 1 . . er bonds and securities CPPCC Ye 88.673 0 The 1938 deliver Municipal and federal land bank bonds 61,127 13 Cash on hand and on deposit with Federal Stock in Federal Reserve Bank...... » Oa Hy

the bushel Other bonds and securities.............. “ees 635.640 | Reserve Bank and other banks........... $14914204 0 Loans and discounts 6.436.293 93

Loans and discounts i .+« 1646909 0. S. government securities . 8433993 49 Bank buildings and equipment y 358913 00 . Customers’ liabilily account letters of credit

Bank building and equipment 262.000 { Other bonds and securities 3,155,125 68 and acceptances 27.693 65 - - . Fa 0 J Other real estate . 73.036 ¢ Loans and discounts ..... 6250881 60 Accrued interest receivable and other resources 75.058 39

: yo Bank building 950.000 00 - Total banking assets $4,550.264 a $35.142.935 01

$33.704.204 TR a Capital stovk: LIABILITIES LIABILITIES Preferred «...$ 825000 00

. £200,000 Common ve 1.000.000 00 Capital debentures ... .. 83,000 J p 0S ou jue ¢ profite 700.000 % ~ o /1ae ‘ ‘ J(0.0 . Surplus and undivided profits . 98.443 t 381 43 i Capital ; $ 1.950.000 00 | Reserve for dividend payabie in Reserve _... i RR 617 Saroiu 1.950.000 00 common stock ‘ 225,000 00 Deposits... ‘ 4,089.202 Sf Serene . . co | —— OSHA Undivided profits SEEEEse 096.895 92 Reserve for taxes, interest, contingeneies, ete. 189.416 70 Reserve for taxes. interest, 230.146 03 Reserve for dividend on preferred stock 12,375 00 Deposits 20977.161 03 Letters of credit and acceptances outstanding 27.693 65 POS A .. Interest collected but not earned 20.684 10 TRUST DEPARTMENT $33 704.204 78 Deposits eres vee.. 31764239 26

"ie ; 200,953 § Trust Investments : $ $35 14 142. 035 01

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Total banking liabilities

Member Federal Deposit Insurance Corporation. Member Federal Deposit Insurance Corporation Member of The Federal Deposit Insurance Corporation

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114 20 50

REE The Union The Indiana Bankers Trust rk PRICE INDEX Trust Company Trust Company Company

NEW YORK, July 3. (U.P). Statement of Condition June 30, 1938 Dun & Bradstreet’'s daily weighted price index of 30 basic commod- $ Cit Statement of Condition June 30, 1938 ities compiled for United Press RESOURCES Statement of Condition June 30, 1938 1930-32 equals 100): Cash on hand and due from banks $ 0013277 30 ¥ Yeuterday «ii i. ico 18s United States government obligations 6.240 824 28 RESOURCES Week 880 .(iii.i.. 105.19 Other bonds and securities 3.181.663 21 RESOURCES Month ago 103.92 Loans and discounts 4.859.690 60 : Cash on hand and due from banks «8 871,171

YORE ABO .. «ii. nei iC 1458 Bank building : ... 138.000 00 Cash on hand and due from banks $ 6,087,000 01 United States government Securities ........... 602,160 ¢ 1538 High (Jan 10) . . 117.08 Other real estate... “es 1,104 263 34 United States government securities 5,062,000 11 Other bonds and securities 588,702

1038 Low (June 2) ee Lo Other resources ... 46237 15 - Loans and discounts 879,464 pata Other bonds and securities. ........... sedis 2872,128 18 Company's office building and banking house.. 1,010,000

HOOSIER 10 OPEN Total resources 425 483.055 88 Loans and diSCOUNtS .......cccuvucucuiasncass 3,180,523 13 Other real estate owned... ro Dicsola Bank building i FEiisies ive 485,000 00 Purniture, fixtures and vault..... sti. 11,271

a —— Capital stock $ 1,000,000 00 OOF Sree 1450 &1 SUE cervrersnerrverrerrriverenstoves STIS , [ret rr iE EE nes Special Surplus “od 2,000,000 00 Re a? rr FOREIGN EXCHANGE FT. WAYNE, July 7T—A. L. Dern Undivided profits ............coceeeivenenn.. 350.802 44 ....817.873.437 OR EW YOR vy 1.40. P Foreign | Vice president and director of agen Reserves 7.567 60 exchange. ShEh iy ease y slowing are | cps ly; thé Lincoln National Life In- Dividend payable July 1, 108 30.000 00 LIABILITIES

ints Ch <in bn 4 “ Devosits TieeeT 21 964.935 08 ince 0 1 i WE n i 19 4 A , 3 or > il open the 1918 Other liabilities 121650 78 LIABILITIES Capital Stok. ...covvvvviieeey CETTE Erie oes. § 500,000 ee-day eastern regional conven- 300,000 00 or aTe ab ceceneeeceveecervecereee 4 HUT008 Surplus : seeveene .

tion of his organization Wednesday Total liabilities €95 483 055 8 Capital : . on Mackinac Island, Mich. i $25455.955 98 Surplus cee. 1.000.000 Undivided profits ..coovvvvvivsines 88.847 20 Boel More than 350 field men, their TRUST DEPARTMENT Undivided profits, 110.913 Reserves rreereesveerrereivreeneevee B91 13 : > verivrseveversee SIOHISHYS

wives, home office officials and Deposits : 15.717.806 Deposits: ........ Cecesaannns | dria : i - ' Customers’ securities in safekeepin 23.300 00 . fe guests are expected to be present Trust Neal estate . ... pay 8.604.210 00 Other liabilities ... p 44717 88 Other liabilities .sesvevisversrnseriinervnanne.. 22266 54 Trust Securities 5 ‘ici 8.10010 00 “217 873 437 98 crevneensvevenssevesvereeseene 34,122,103 48

Condensed Statements of Bank and Trust Companies— Trustee corporation mortgages. ..... ... 83.386.300 00 covceevenvsnsees STTBTIAST 08 Registrar stocks . 12,395,507 00

Members of Member Federal Deposit Insurance Corporation

The Indianapolis Clearing House Association Member of Federal Deposit Insurance Corporation

Fletcher Trust The Indiana Security Company The Peoples National Bank Trust Company Statement of Condition June 30, 1938 State Bank

Statement of Condition June 30. 1938 BANKING DEPARTMENT Statement of Condition June 30, 1938

RESOURCES Statement of Condition June 30, 1938 Resources Cash on hand and with Federal . are Cash on hand and due from Federal Reserve Reserve and Other Banks ... $ 0034400 48 RESOURCES Bank and other banks oi £40.087.080 83 United States Securities .. 14,992,508 42 United States government securities. 56.554 609 99 RESOURCES State and Municipal Securities 4.953.235 44 Cash on hand and due from banks veers 8 603.776 60 Other bonds and securities. .. Sl 15,325,801 a1 I Other Securities 2,056 551 65 0. 8. government securities cores 85.598 44 Stock in the Federal Reserve Bank y 270.000 00 Cath on hand and due from banks ..$1,176.323 80 Stock in Federal Reserve Bank. 90,000 00 Dther bonds and Semen. Pre. . 324886 72 Loans and discounts. ..... a 14184723 65 United States government securities .......... 443022 08 Loans and Discounts 5,880,410 14 Loans and discounts ... ST ei irl 1,157,007 89 Overdrafts 1di (8) and Bauipment. 1.006 696 74 Bank building and equipment .........s..... : Gresd rafts , ] dat 30 11 Other honds and securities . 097800 po Bank Bl } hetate a p agadobodoh 0 598 485 22 Overdrafts . Ob et sul ing and equip men 33,316 51 Loans and discounts : . 1.353015 23 Other Roar “71831 48 Other real estate eC rrr ove Customers’ liahility account Aeceptanc 8S (iii 3312 00 Furniture and fixtures ic 24 000 5 al Accrued interest and other assets. . 6.642 73 Other resources ...:.....c..s “" 28! Other real estate owned... Ie 295 440 B85 $40,504,218 57 Total resources a $2516.167 85 25 peppy - rm Other resources {i (iii 44.130 04 Liabilities 1,897,227 ¢ $4285.74 3 | 51 Capital Stock $ 1.500000 00 " TIE Preferred Capital Debentures . 865.000 00 LIABILITIES LIABILITIES dis Surplus and Profits 020412 28 3,204 412 bs api ’ : Reserves 134,093 2 Deposits— Se 3.900.500 00 5 4 hs Deposits: Demand .. $1,448,715 58 Surplus «++. 5.000.000 00 emand ces. 10003 304 Ti Time cesvsvvseees 100994 47 $3.149710 08 i 9 c D Undivided profits . .. 1445285 12 § 10445285 12 Cabnital stock cee. 8 200,000 00 Time 16,640,326 20 ———————— : 100. i ‘ 3.060 08

Reserves 1.000 000 DO ; { iabi Interest, taxes and other expenses accrue Pred capital debentures 199.200 00 First<lien Trust Funde ...... 441,092 13 37,074.813 04 Opler iDlliles PORITRRPE rE hs 18537 09 and unpaid ‘ 272.223 91 Individed profits 106.908 09 oh — - Te soo ai Capital and debentures. ...... 800,000 00

Dividend payable July a: 110,000 00 Reserves Li SCE doo 105188 37 + Deposits 116,086,130 74 Deposits 2.653.845 18 TRUST DEPARTMENT Undistributed earnings ....... 28.802 34 16,058 34 344 860 68

Acceptances outstanding .... 3.312 00 ay Trust Funds Invested .. ....$18260864 22 Reserves cise Other liabilities Ciieeed TIT 276 19 $4 265,742 51 Trust Funds Uninvested. ... 441002 13 2.516.167 88 FTP TTITarT Customers’ Securities. ...... 2475379 08 Total Habilities 32919, $127,807,227 98 Corporate Trusts « 23,562 468 00

Member Federal Deposit Insurdh porati Member Federal Deposit Insurance Corporation Real Estate Trusts «+s 8,420,602 06 Member Federal Deposit Insurance Corporation ; pI Eh ck. Curran it ’ Member Federal Deposit Insurance Corporation