Indianapolis Times, Indianapolis, Marion County, 8 July 1938 — Page 23

Page PDF (10.19 MB)

Back to issue view

FRIDAY, JULY &, 103

OPTIMISM IS FIRM DURING STOCKS DIP;

CHICAGO WHEAT Pp

————— *®

High-Priced Shares Fall Fear of Rust Damage, Rally Sharply; Bond, Curb | At Winnipeg Boost Market Off. Grain Sales.

{ NEW YORK, 8 (U P| Stocks declined one to three points

July CHICAGO, July 8 (U. P).—

of rus ately active turnover. | territory and the rally at Winnipeg | lied

came

today in model

Toward no stead and back 1y after a weak opening Market experts the re-| At the end the first hour of ressio s a natural o after ¢ : CesnoL 2% h natu one alter A lyading wheat up to prolonged 1 Most of the selling ; “ was profit-taking although a few | Corn was up ‘s to , and oats were traders put « short lines antici- | unchanged higher. paling a further setback before BE | Hedging were easily abmarket again, None be- ‘ : dar A sorbed as fresh buying came in, lieved ry has ended. ; Widest in the high- houses with Eastern con- * priced had Reports from the Northmade broa : presence of black 1cal lost JOINS t« 1 widespread area on weather condi from now until harvest much of the wheat 1s rust resistant variety damage to a certain

m the list

of th

1 a

some e leaders Chicago Board of Trade today, |

fractional ‘ded

regal of

was 5% 7%.

iSC. to ] sales turne up the 1 de

were some by

ently y “Hon Dow Chem indicated 3 on a ti the : rust in a rather s-Manvilie Was | n a rat| ! : with damage dependent

which nections.

overies west 3 single

tions ct that the Thatcher will prevent extent iverpool closed lower, but Winnipeg wheat rallied sharply except for the Jul { moderate liquidation, | Only | was reported in U. S. wheat and a little old crop Manitobas. Receipts wheat in Chicago were estimated 408 cars Corn ruled firm helped by the advance in wheat and continued export business mainly to the United hi- | Kingdom. Reporied sales amounted Pa- | to around 600.000 bushels overnight in “th e upswing | in all positions. greatest pres-| Receipts of corn in Chicago were placed at 230 cars.

WHEAT

off 23 beChrysler at Ihe fa + was off 24. Dec more were 1. American ing, Columbian Carbon, U. S ber preferred, U. 8S. Smelting Caterpillar Tractor,

Rail Bonds Decline

Meanwhile rails led an active decline in domestic corporation bonds Opening losses of around a point In carrier issues were extended fractionally at the start the second | hour, Baltimore & Ohio, Southern Railway, Chicago Great Western New York Central, New TOR, ( cago & St. Louis and ithern fic bonds, all vesterday, were u sure New York City were strong and nearly 3 points edged off fi point. Industria quiet Grover hesitant

5-32

low of 64 points

Chemica

0 lines noted in Smelt - Ruband

Allir

| af of at £ Oi

‘Ii no

leaders

nder

loans 10

I'rac active Other

actions

tion Co gaining 1 utility bonds than a steady in a

WAGON City ral n elevators are paving for No. 2 red other grades on their merits to more new No 2 yellow «9c Oats 23ec. held — rade.

nment

Is relatively WHEAT S a to nand

Tapanese issu

LIVERPOOL bonds recovered 3 start advanced

point under m

and

yaers ate

fractionaily, bonds lead

iropeat

s 3 eased

dollar

fore ign

irregularly } poor ican

vieher und higher und

n and Ei

Chicago Stocks

High Low 5% 3

Drop Extends to Curb " stocks likewi SSeS today

point

Vo 15 ve TDS OD de

se extended frac

sections

from All with rking up Th ading

tions

1an a were

5S 15 we » -

Inwor Wel

only

gains

was

opened 3

of 19800

3 Dla bt rt a Bop ; om y

point

- wn

Cities

CORN AND WHEAT REGION OFFICIAL WEATHER By U. 8. Weather Burean

points Hecla Copper

losses

and ted 1ctional Inactive and Alu

of 1

———

cipi- § tation

tate of Weather Cloudy PtCldy Clear Cloudy PtCldy Cloudy Clear Clear Cloudy Clear Clear PtCldy Cloudy PtCldy

Were easy

High as Pepperell 88

Low u

losses

quotations do not or offeri hes. but merely IpIOL! mate arket level nd sell ling inquiries or

"BONDS

can Loan Co 5'2s 45-51 i FH) 415s

repre.

03 Lr or iw i pw ow iw Je Lp Ve [le

py x

ind Asso Int Tel Co 5s Ind Railway Interstate | Indpls Kokomo Kuhn Morris 85 & 10c Stores 5s 50. Muncie Water Works 5s 65. Noblesvil le SSL&P Size 47 1 Ser

bh op ft on a

LoL to;

303 de ZBI AND

itie Co com . Camp Milk Co pt Milk Co com...

N. Y. Bonds Ry P Hse 5 Co.)

BOND PRICE INDEXES rk ne D.. 24 3 20 20 /n Indus, Util. Bonds R319 a% 5 09 81 3%.2 93.9 "Rk 3 0.4 5 A 01.8 93.3 101.0 92.9 103.9 nn NG. 13.9 n.2

a 2

n Rails Yesterday 39.2 Week Are Month Azo Year Age 2 Years Ape 193% Hich 1338 Low 1937 Hig 1937 1

NEW YORK, July 8 (U. P).— Dun & Bradstreet's dailv weighted price index of 30 basic commodities, ompiled for United Press (1930-32 equals 100): Yesterdav Week Ago reas 1936 High 00.4 196.2 100.2 Nahin AZO L.iiiiiiiiiaiiean 1936 Low 84.7 1033 93 e ABO ........ i000 Copvright. 1938, S ard Statistics C hs High (Jan. 10) teaser v 1938 low (June 2) ..........

Rs a3

1a an. 83.3 "0.3 106.0 100.3

22.3 R11

105.17 105.63 104.23 146.95

ow RY 6 cane

102.43

GOVERNMENT Bonds

BONDS

. FOREIGN EXCHANGE

NEW YORK, July 8 (U. P.).—Foreign C \g rm Following are opening on major currencies:

Treasury

BILIRI dnl td nw

Federal Farm Mortgage Bonds 1840-44 106 106.1 Home Owners Loan Bonds 28 102.26

0001 .0004'% 0002 0002'% 0002 Lfle442

CHICAGO PRODUCE

Ma receipts, 1.289 - h 190-91': score), ) 3'4C: fArsis, specials, centralized (89 score)

t. steady: tra firsts

Xe aC centralized

receipts, 13.405 ts, cars, 20%c; less firsts, cars, checks, : jirties, ,. Storag storage packed extras

strong: receipts, @13c; geese broilers ers, 13% l4c;

reese I'wins, 13; 26 13%4cy Dasle 14% ‘z¢; Longhorns, ity git is

taly is roost Rurkeys, 134 Japan

Tokio 8% $a a Sesinsass

Fears | ‘ | t damage in the spring wheat |

turned wheat prices upward on the |

v delivery which experienced |

a scattered export business |

DAILY a a INDEX |

117.06 |

Taple Rates Net Change | 3 P16 2

Y. STOCKS

By United Press

THE INDIANAPOLIS TIMES

Abbott Lah Adams Exp Allegh Corp Al Cp pf $30 w | Al Cp pf 840 w Allegh Steel Allied Chem Allied Stores . Alpha P Cem... Amal Leath . Am Bank Note Am Am Am | Am Am Am Am Am Am | Am | Am Am Am Am Am Am Am Am am Am { Am A

‘Type F ... Water W Woolen m Woolen pf Am Zine pr pf Anaconda Anchor | Asso Dry | Atchison Atl C Line Atl Refining | Atlas Corp : Aviation Corp..

Gads

Bald Loco ct | Balt & Ohio {| Barber Asph

Bendix Avn .. Beth Steel .. Beih Steel 5 pf Blaw Knox Boeing Air Bohn Al&Br Borden Borg Warner Bower R B Briggs Mf Bkivn-\ Bruns Bucyrus ri RB 1dd Me

Byron Jackson

Calumet & Campbell WW; Canada Dry Can Pacific Galetpiliar

Aguirre | Foundry

Chi Mail Chi Pneu T Chi RIP

Chi RI&P 7 pf hilds

Gas Carbon

Inv Tr N & So

Aircraft

Deere & ) Del & Hud D Lac & W Diam T Mot Dist Seag nf Dome Mines Douglas Air Pont Pont pf

R Mill Kodak Kodak gon Sch

SE.

John S

Ex-cell-o

nt Sug

Fairbanks Fajardo Fed Mot Fed Screw Firestone Fi r N St Flintkote Foster Wheel Freept-Sulphur

{ | Gabriel A | Gair Robt en Am Inv Am Ti Cable Foods G& EA... Mills Motors Foods pf

Gen Gen Gen Gen Gen Gen

1 Gen T Gillette S R Gimbel Bros Glidden Gobel, Adolf { Goodrich Goodrich pf Goodyear ‘it Graham-Paige . Granby . . Gt North pf .. Gt West Sug Green H L Grevhound Cp

Holland Furn Houston Oil Howe Sound Hid BM & Hudson Motor

Ill Cent: al

{| Johns-Man .. |

| { Kan C Sou | Kelsey-Haves Kelsev-Haves {| Kennecott . Kroger G &

A B

‘Ih P Cem Ich V Coal Ih Val RR Lehman . Lehn & Fink L-O-F Glass Lima Loco Link Belt Loew's Loft Ine Long Bell. A Ludium Steel

Mack Tr

Mathieson Maytag Mavtag pf

| McIntyre Pore

McK & Robb McLellan St Mengel . { Miami Cop .... Mident Pet Minn Hny Minn- Moline M T

Mueller

Order

- g — 000 oe TAD IDG bret =F ND OD 63 1D ln SD BG DJ

br 5

43 ut DY pt

ft pt

Hock Bi 16

pe 15 13 he 15 13 TO dn I bn Gh et De GY pn LD wD GDS TTD oe

Edison 2

Vt 3 23

SD , NW WIN DIDI PIS 1500 du 15

= a

03 mt L305

1 i

pf 16

iDW>n

Jat

Cd rt wf pt CV bt LJ Ow 1 13 CD wee OO LD UY

OF hes bet

PIS Dit ID re TAIN Fu 1

r ‘ | Mullins Mfg B

Murphy G C | M Murray

Nash-Kelv | Nat

Dairy nf A Dept St Dep St

Nat Nat Nat

03 ret hn 03 D130 HRS

0 0 _-

Net Last Change 49%, -— 1

30 INDUSTRIALS

| Yesterday Week ago Month ago Year ago ‘ High, 1938, High, 19335,

136.53

SG a Bw - =

138. 533: low, 98.95, 190.40; low, 113.64, 20 RAILROADS

- wp

“wow oe bs ~~»

—

| Yesterday | Week apo ! Month ago Year ago High, 193%, High, 193%,

No. -

— Yt ft IY CS UY lt a} VDD UD wh Dn GD BG

tt TY 5

32.33: low, 19.00, 6116; low, 28.01, 15 UTILITIES

- - »» a iW a»

“ow

Yesterday Week ago Month age Year ago .. High, 1938, High, 19375,

| om——

Nat Sup Penn Newport Ind .. N Y Central NYC&StL . NYC&StL pf NYC Omnibus NYNH&H NYNH&H of . No Amer can No Am Avn .. No Pacific Norwalk T

INT UY lew} VD B03 wd 1D i BD et 15 ot ren ~

“aN Ft Ys 30 %O bw 3 GN Nn 1 3 in pt 5 et yt “IPD oe DY Pa

19.85,

a8 1

i low,

® 1 Day »

-1

aT BG 1D fe pt pt

WD IPI IP JT — n =

>a» 5 BG bt bt pt pe -n ea BSED bret oct et ft -n a

nD Wet D-II DPR-IDD »

OO hn 15 =} OO IS TD we) VS = -

o-oo » -

SESS ed] RNietORN-INOPR-IDD -- »

ut pet BI >

i Ohio Oil .... Oliver Farm Omnibus Oppen Coll Otis Elev Steel

otis Owens Ill

- ib

Nan»

~I DW IU mI he fb es, Od - ee -

Det 0 ee BO

Glass

| |

Pac Am

10 -—

BET aw

Fish ..

— ad 0S Dl i 5 IY GD tt

Dodg Read C Morris Phillips Pet Pitts Coke & p Fi wae pf . Pit

itts Pitts

Ply mouth “oil

BN eNO a

BG ee DBNBS DPI ND

Purity Bak

“J

Radio Radio-K-Or Reading reliable Stores Rem Rand Republic Stl Revere Cop Revere pf Reyn Spring Revn Tob B Roan An Ruberoid

BB eres

- smn pf

BG bet et i 0 ht TY 0 20 30 BDI DDS I

1S de oy FONG a} ret poe “an aw

Safeway Jos Lead Air L ibd Oil rs Roebuck rvel Inc fon S H & D. . Shi Ah: D pt Silver King Simmons Skelly Oil Sloss Sheffield Socony Vacuum So Por R Sug South Pac South Ry . South Rv pf . Sparks With Sper Corp Spiegel Inc Square D d Brands d GE d GE pf d GRE 7 d O Cal Oil Ind NJ

Seahd

kD rt 8D S -170 CO DS +e - eh Kam aa

BEND LBD ABBNNDD

WL Y 13 VBS 13 08 de 1S

» TU ee LSS IES SD » BBB. Be ne 03 Pt pt at I

WN SIO PD

J 00 re YD 30

Cd a U3 0S

SW TD

—— 0D A 30 a DD DS od =] BD ® aw

VL Wa td

man DARANDND PALL

— yd

Gould ... Gld xw

na ps Der BW ID wo» smo» Bh nt font i nd ght or BABA EDD

Timken I'ri Cont I'ri Cont 20th Cen

ad Aum

“jan a PD ie a FOI UY LD DO DW a

Und EU

Union

Fisch B& P Union Carb Un Oil Cal Un Aircraft Cp . Un Air Lines Un Bis pf Un Carbon United Corp . Inited Cp pf .. In El Coal .. Inited Fruit J Gas

“aD ame Ee

Gl, Gb to ~ haa

a —_n y Tad de IAD WD

» » -

Cd s » Cdr fn » “ws

S Rubber S Rub 1 S Smelt

- -_- re ~~. » ’ » a D-II 3

BF aera --

pt = Ea

{ [ t { { 1 { u { { { L UC

HIOWNDODWD GIB DI

0 ®,- BG » ea ET EE

Vadsco Sales ‘adsco pf ‘an Raalte a-Car 6 pf alIC& Ck

awe [Er Sander CEE EE 1S da bt Awe HD ER

Wabash pf A Walworth Ward Bak A .. Warner Bros Wayne Pump W Pa El 7 pf West Auto Sup West Md 2 pf.. West Union Ww esti

yo. » hu

Cad tf pt CIV bt 3 OO TNS Cd et OO C3 UNCED et OO mT OT et Ld BS SND UY ES Cd et pt IY pt Co) OD wT BD Co et TIO CD NCD et 30 we] BS et Cad BD UY IBN AD

I BIBS

“@ 0303 83

» a » sw

J » +

Wilson & Co Woodward Ire Woolworth

Yale & T ll I'r S&W Sheet Sti Dr

Zenith Zonite

Rad

INVESTING

(By the Invest, Bkrs. Conf.)

Bid.

3 CO lt UNRILI mon Cad 0 5d in SIV ald wt a) ot 03 03 ho CIEE to oth

d. Inv Fd Am 1 2] Kv 0

a TTY Te

Yt 3

Mass nv N-Wide vig Natl Inv

3 Bires Bon re iota 13

Cd on I 03 p

Com Cumu T D B NY Den Ins

D Shrs

A A

Y Agric R2 B Diver Divid | Ein Hwd delitvy

Fiscal

shan Sh B d In 17 B

13 mt

BA Fix Tr For Bn Fd Inv Fnd Tr | Gen Can Gen Inv Group Securities

ra &] oy SITs HM

ors a)

» ' -% a « 00 bt bt BWI INNO JI ODN RBLI NU =i 00 ht et Wat Ba - ou

» » ” -

2 Super AA 42 ' BR

=»

Supvsd 86 Trst 8 In C

1 Le NS ~ hana

» a

' PARISON WW MATRA a a BI RY 03 - | §8E Nasa Ln ania issismm ny

o wd ud WON IS ODIBNEI NU = 1W me ND 1

Trstd Ind 5 USEL&PA 1 | Well Fd I

FOOD PRICES

CHICAGO, July . (3. P.).vegetable marset: Apples—Illinois parents, bushels, $1 4071.65. Sweet toes—Tennessee bushel hampers, 1.35. Carrots—Illinois, bunch, Spinach--Illinois. bushels, toes—Texas, lugs, $1.50G 1.75. Washington, crates, $2. ington, Hampers, $1.85a2 igan highball, crates, 40@ 50c

Schlk

a wa

rae

0D 03

—-

Be 03

Peas

DIVO NW ND WDD

|»

Co.

Ww] DDD wk TY X00 NS eb

N Ene Fd 12.90 Stocks Inc: 4

130 ~

«1=100000 «F=f =l=] 31

Fruit

Celery -

| DOW-JONES STOCK AVERAGES

-—0.33 ? i -—1.2 %

dd). 30

Net

wast Change

| steady to 20-cent higher trade, | Bureau

PAGE 23

PORKERS CLIMB |

20 GENTS HERE; PEAK PRICE $10

;| Advance on Local Market | Attributed to Low Receipts.

Hog prices in Indianapolis rose to | the year's high mark in a the ! of Agricultural Economics reported. A top of $10 appeared for | the first time since early in March. Weights from 160 to 280 pounds carried off the upturn which figured unevenly 5 to 20 cents on these averages, Offerings from 200 to 210pounders continued to make the top. Continued light receipts and ad-

today

* | vancing dressed pork markets were |

Spring | Choice

As hed,

tk ok pt D3 0 bt es 0a? 03D

Cd GY et et CY INE

W-1TODVDB/NVP/IOD

bd pt ft Na D2

» ba pil

Caulifiow er Wash- | Mich- |

Indianapolis Power & Light [NEWT 6 and 6, Preferred

415 LEMCKE BLDG.

{ All

| increase of 6.3 per cent

and | Irans- | Pota- |

again the dominating influence in|

[the higher live markets at practi-

cally all terminals. Packing sows held only steady, bulking from $7.25 to $8.25 a few one-litter lightweight sows reaching $8.50. Stags were salable from $7 to $7.50. Receipts of 600 cattle included several loads of vearling stockers of Western origin. The fat cattle trade was confined to trading in lower | grade grass slaughter she which cleared readily at with the week's previous substantial | gains A car fed heifers sealing 733 pounds made $10 for the only sizable transaction. a few lots of medium and good steers going at $10.15 and below. The market on all classes of fat cattle has had an upward slant for two weeks and fed steers, vearlings and heifers have moved up $1 or

{ more in many instances. eValers turned at unchanged rates. | good and choice bulking at $9 to |

$9.50, the top at the outside. Good and choice spring lambs ad-

| vanced 25 cents to a top of $9.25 for

best ewes and wethers. grades which are showing disappointing results in the slaughter held steady Majority desirable handyweight lambs realized $8.50 to $9.25, throwouts as low as 85 for little common underweights.

The lower

£9 20 2337 3 4039 6626 1200 7123 5409 6006 . 5100 Gilts Good Good Good Good Good Good Good

Barrows and (140-160) 1160-180) (180-200) 1200-220) >5

00@ 9.90 0a 9.95 706 10.00

choice choice choice choice choice choice choice

and and and and and and and

(29 250-280 1290-350)

| Packing Sows--

(275-350) Good Good -5 50) Good . 550) Medium Slaughter Pigs—

(100-140) Good and choice. . edium . CATTLE 443

Receipts Steers (750-900) (900-1100) 11100-1300) (1300-1500) 1750-900) (900-1100) (1100-1300) 11300-1500 1750-11001 (11001750- 1100) Steers and (550-750)

Chaice Choice Choice Choice

Medium’ Medium Common Heifers— Good

25%

S10@ 9.75

(plain)...

Heifers (750 (550(550-

200) 200) 900)

Good Medium Common

B® 9.7! 7.500 0 50% 7.5

Welghts— Good Medium Common Low cutter

6.25% ees 50m and cutters . 4.00@ 5.5 Bulls Yearlings Excluded (all weights) — Good (heel) sis §.5 (all weights) Medium Cutter and common VYealers (All weights) Choice {All weights) Good (All weights) Medium Cull and medium

Calves Receipts,

(250-400) Choice Good Medium Common Feeder and Stocker Cattle Steers— 1500-800) (800-1050) 1500-800) (800-1050) 1500-1050)

6.00% 9 5a

Choices ... Choice Good Good . Medium Common

seta nan

Heifers— (550-750) Gooa and choice... Common, medium

SHEEP AND LAMBS —Receipts, 659— Lambs 8 iia 9.25 2.00 8.50

Gooa Medium Common Ewes— Good and Common and

choice medi m

July inelu on top, @§ 500: market directs. 5000 July RB U 160-200 Ibs RO. 55m 0.00; 230-26 125 ibs, $8.35 8 95 roughs, $8 down. Calves, £8 50m 9,

CHICAGO 10.0

ceipts 0n

calves Recent 6000 LAFAY ET r'E Alarket 0.75 $9.104: 9.40 39 25 down: m9, Lambs,

BUILDING CONTRACTS UP

£8.50

| Times Special

NEW YORK, July 8.—The setback which the building industry experienced in April was followed by a rally in May, the Alexander Hamilton Institute announced today. May contracts rose to the highest monthly volume this year, with an over the April level. “This gain fo institute 13 average

was contrary usual seasonal trend.” the reported. “During the previous contracts showed an to May. The increase this year chiefly dential although

contracts non-

| residential contracts showed a mod-

JAY ATTACKS POSTMAN WOODBURY, N. J, July 8 (U. P.).—William Sutter, a mailman, was treated for lacerations of the scalp, suffered when attacked by a blue jay. He had attempted to pick up two baby jays lying on the ground.

Loadings Drop

FREIGHT CAR LOADINGS (AM. RAILWAY ASSOCIATION)

iH |

HHH

nl YEAR | (|

MILLION CARS

1932 1933 1934 1935 1936 1037 938

THE PARKER CORR GENERAL DISTRIBUTORS INCORPORATED INVESTORS

| {| |

| more,

times Special BOSTON, Mass., freight carloadings somewhat during the weeks, the gains due to heavier coal and grain shipments. Total estimated June loadings, however, were off about 27 per cent from = year ago. Loadings in the first 25 weeks of this year were 25 per cent below the same 1937 week with the largest drops in shipments of ore and coal, while grain shipments exceeded a year ago. Merchandise less-than-car lot loadings were heavier than the average indicating continued hand-to- Touth _buying.

July 8—Total improved last few

WEEK'S RESERVE

prices firm

of good four-month |

| food

{| ment

7.00 |

[ 11¢;

| aross

| | | |

the |

| preceding year,”

UP 30 MILLIONS

Excess Balances Highest Since August, 1936, Banks Report.

WASHINGTON, July 8 (U. P.).— Excess reserve balances of Federal Reserve member banks rose 90 millions in the week ended July 6 to a further new high since August, 1936, at $2,900,000,000, the weekly condidition statement revealed today.

Actual reserves increased 33 mil- | | lions to a total of $8.974,000,000,

the 57 millions discrepancy between surplus and required reserves indicating a sharp decline in deposit items not included in the statement. Treasury deposits with Federal | Reserve Banks were reported at 770 millions, off 94 millions from preceding week, while deposits and other Federal accounts fell eight millions. Monetary gold stocks advanced ve millions to a new record high of | $12,967,000,000. Reserve bank cred- | it was 113 millions to $2,715,000,000. These expanding factors were ogset to a large extent by an increase of 86 millions in money circulation,

Reserve

leaving that account at $6,514,000,- | —

000, and a rise of four millions in treasury cash which brought that item up to a total of $2,303.000,000. The banks’ holdings of U. S. Gov=ernment securities again were unchanged at $2.564.000.000 and no change was noted within the portfolio.

SHIPMENT OF FOOD TO PUERTO RICO UP

l'imes Npee ial WASHINGTON, July 8.-—Puerto Rico is buving more fond than ever before from farmers and manufacturers in the United States, sharply reduced sales of the island's products on the mainland, the Puerto Rican Trade Council nounced today.

[11:00 “Sales of the leading food items | were 45 |]

to the Caribbean territory

million pounds greater during the

first 11 months of the current fiscal |

year than in the same period of the the report said. “The island in recent

surpluses from

million pounds Higher

wages in the

per sugar

year, industry

with stimulating food purchases.

U. S. STATEMENT WASHINGTON.

July 8 (U, P.).—Governexpenses and receipts for the curfiscal vear through July 6, compared a year ago

T $ 2

rent with Last Year 238,253,648.22 13 462, 859.47 2 988.48

8 Year 623,934.01 § 673.923.12 1 950,010.89 12 812.610.89 2 14.908 99 775.40 520 87 : 1689 92 H64 94

hi Expenses Receipts Gross Def, 1 Net Def. . 1 Cash 2.1 | York 5 7 a nr

53 68 84 B4 83.5 94 97 208.9¢ 967 AL 399

Customs .. 5

LOCAL PRODUCE

Heavy breed hens, 14e¢: Leghorn hens heavy hreed broilers, 2 Ihs 3c Barred and White Rock springers, Ihs. and over, l4c, colored springers, 1! hs Aan up 13¢c; hroile ! hs, and over, llc; old roosters. 9c. No strictly fresh 17¢. each full case must Ihs a nel deduction of 15 eents for each full case under 53 Ibs. will be made Butter—No 1 28' fi 20¢ No, 2 26',¢. Butterfat- No, 1, 2l¢: No, 2 (Prices aquoted by Wadley Co.)

B. & 0. SEEKS RFC LOAN |

1 eghory 1 a

bareback broiler ie run th 55

eountry egg

wei

2641 10¢

WASHINGTON. July 8 (U, P.. —The Baltimore & Ohio Railroad | today asked the Interstate Com-

merce Commission to approve a loan |

of six millions from the Reconstruetion Finance Corp, used for materials and payrolls incident to road maintenance. The road already owes the RFC $87,685,578 and received its last loan of 88.233.000 from the Government | last January. WEEK'S CONSTRUCTION 1'P NEW YORK, July 8 (U. P.).Engineering construction wards in | | the holiday week ended July 7 were estimated by Engineering NewsRecord today at $78,322,000, com- | pared with $67.620.000 a week ago and with $66,998,000 in the corresponding five-day week a year ago. The latest week's volume lifted the cumulative total for the year through July 7 to $1,333,.253.000, or | 2.5 per cent below the 27-week total | of 1937.

417 Circle Tower

MUNICIPAL BONDS

Crry Secorrmies CorporATION

INVESTMENT. SECURITIES

| 6:30—~Paul Whiteman, | 7:00—~Grant Park Concert, WGN,

{return

the | nonmember |

millions to 624 |

despite |

an- |

years has | ranked as the third largest buyer of | American | farms, with purchases exceeding 550 |

and | | other leading industries are credited |

and over, |

the funds to he |

ON THE RADIO

TONIGHT WFBM.

8:00—Goldman Band, WFBM,

M-G-M's “epic” of ‘Marie Antoinette,” will have its | premiere at Los Angeles’ Carthay { Circle Theater tonight. And listen- | ers may get an earful of the attending celebrities in an NBC-Blue

the year,

| broadcast from 10 to 11 p. m.

Norma Shearer, who makes her to the screen in this picture; Anita Louise and will be among They're all in

Joseph the the

Schildkraut, broadcasters. new film. Others to be heard are Will Hays, Governor Merriam of California, Louis B. Mayer, M-G-M vice president; Freddie Bartholomew, Robert Young, W. S. Van Dyke. That's |

not the whole star list, either. ” »

Tonight “The March of Time” moves from Thursday to Friday, |

picks up a number of new western |

stations, and changes to a sponsor within the family, Life magazine.

The pioneer news dramatization

program is now in its eighth radio |

vear, during which time it has been produced by Time magazine for various sponsors Its new broadcast schedule is at Red and Blue Best bets for are WCKY, Cincinnati, cago.

network stations Indianapolis listeners

” ” ”

Two booked

veleran Congressmen are for talks this evening. At 7:30 . m. on WENR, Senator Lewis (D. Ill.) will follow up his foreign affairs address of a month ago on the Radio Forum with a speech on “Relations of the United |

INDIANAPOLIS WFBM 1230

Vas Net.) (NBC-MBS

Tyrone Power, John Barry- | | Wagner program.

7:30 p. m. on 41 NBC- |

WENR, Chi- |

States to the Present Martial Cone dition of the World.” An hour later, on CBS-WFBM, Rep. Sam Rayburn (D. Tex), House majority leader, is to speak from Dallas on “What Congress | Has Yet to Do.”

” Highlight of the evening's musio will be another broadcast by the Philadelphia Orchestra from Robin

" »

| Hood Dell for an hour at 7:30 p. m.

—MBS-WOR. Alexander Hilsberg will be conductor, and Agnes Davis, soprano, the soloist of an alle

” ”

A pipe organ, 228 A. D. model, will be heard in a shortwave broadcast from Budapest at 12:30 p. m. to=morrow, NBC-Blue. The instrument is a replica of one unearthed some years ago from the | Suing of a Roman settlement at Acquincum, Hungary. | = ” ” '| With the Town Meetings of the Air suspended for the summer, George V. Denny Jr., the program's | moderator, will turn his attention to | similar discussion groups in uni | versity centers. Five programs are scheduled. he ginning with a program from Harvard University at 6 p. m. today lon NBC-Blue. Other dates and places are Chautauqua, N. Y., July 15; Northwestern University, July 22; Denver University, July and University of California, Aug. 5 | Tonight's speakers, all from the | Harvard faculty, are Prof. W. Y,. Elliott, who opposes any

trade agreements as means of peace pro=motion; Prof, F. L. Schuman, who | favors them with friendly powers: Prof, Alvin H. Hansen, who feels | that America should draw up trade | pacts with all export buyers, friend ly or not,

THIS EVENING

(The Indianapolis Times is not responsible for (naccuracles nouncements caused by station changes after press time.)

INDIANAPOLIS WIRE 1400

in program (ne

CHICAG WGN 72 (MBS Net)

CINCINNATI WLW 700 ) (NBC-MBS)

Lights’ Or. Earl Gordon Tea, Tunes

Tune Twisters

-— am | em

RDI

ews Johnnie Johnson

Tune Twisters Happy Gilmans Paul Douglas Unton lose

Rill Anson Melodies Airliners Orphan Annie

awe |

Unannounced tncie Ezra

SERS

Bohemians Hollace Shaw Popeye

ews News Night Volces

Don Winslow Snorts Let's Celehrate P. Sullivan

Popeye Clark's Or, Boh FElson Dukes

Concert ”"n "”

Melodies Musical Memories Whiteman’s or.

fasaals “ma “3nd

Showcase Waltz Time

i Death Valley

My Name?

Explore Ohlo Cheyenne

Revue

Death Valley Rhythms

My Name?

Lone Ranger

Park Concert

Carlsen’s Or, Tomorrow's Trib.

| wletar ald

Band

Rep. Rayburn James Melton

00 Goldman First Nighter 8:15 \ HY " " 30 Jimmy Fidler 3 Rhythm

8 R: | i

First Nighter

Rooseveld :

Heidelberg Or,

Pres. Curtain Time ’ ” ”»

Amos-Andy Headlines Baseball ”n ”

Entertainment Busse's r. Kassel's Or.

| ry nn 9:15 9:30

| 9:15

Field's Or. Carlsen’s Or.

Amos-Andy "

Memory Bouquet Playhouse "

| 10:00 [10:15 | 10:30 10:15

News Jones’ Or, T. Dorsey's Or,

Barron's Or,

P. Sullivan Los Amigos Radio Club

Kvser's Or, Grier's Or,

Dance Or,

O'Hares’ Or. H. Henderson's Or.

Gendron’s Or,

00 5 30 " 15

Haug’s Or,

”

Review Sprigg's Or, Moore's Or. ’

Agnew’s Or. Pirro’s Or,

SATURDAY INDIANAPOLIS WFBM 1230 (CBS Net.)

Early Birds Devotions

Remember

an -3 *3

Musical Clock Dessa Byrd

-— NDAD

adatadad

INDIANAPOLIS WIRE 1400 (NBC-MBS)

PROGRAMS CINCINNATI LW (NBC MBS)

Hugh Cross Revelers

CHICAGO 700 (MBS Net.) Musio Box Organ

Peter Grant Hillbillies

Good Morning

Orzan "

Cowhovs " ”

Charioteers Musto .

' xrnR | mim FSD

Air Sweethearts

Sweethearts Viennese Your Birthday Synagogue

Crane-Jovce " "

Melody Parade Birthday

Highlights Hymns Our, Barn

I 9: Serenade, | 9: Musical Comedy

Get Thin June Baker Manon Street Army Band

WLW Mail Bag

Dr. Friendly Our Barn

Concert Hall Dessa Byrd

" Footnotes Light's Or,

Gypsy Trall Or. Farm Hour ” LL

Bonneville Dam Gordon's

Farm Cirele Farm Burean

Meditations Motor City

Seaphox Derh

1 fk et | 34S 1249 | - eS | niae—D NINDS | ASN 3

Merrymakers Gertrude Lutzi

Head Rendezvous

—d

Afternoon ofr

WIRE |] Revorter

Mv Health Flinor Sherry News Farm-Home

Poetry Melodies Quin Rvan Mail Box

Melodies Sherry's Or, Services ” »

Afternoon Edition Kenny's Or.

or.

Farm Voice Farber's Or.

v Krenz's Revue

Leadoff Man Baseball |

Jean Fllingion Kidoodlers Ricardo "

Matinee ”" »

Empire Handicap

219 |

Dancenators

Four Clubmen ”

Concert Or. Ton Hatters

America Dances pi Or.

Club Matinee h

” ”"

Bill Anson Barrie's Or, Conn’s Or.

Kent Handicap Sabin’s Or, Ad Club

Martin’ s “or. News

Sy mphonettes Shirley Sadler Hallett's Or,

Modern Musie

Haves’ Or, Schemes Musio

Truly American

Paul Douglas Rakov’s Or.

KEY NETWORK STATIONS (Subject to change):

NBC-BLUE-WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWEK, 1350. | NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670.

| CBS—=WABC, 860; WIR, | MUTUAL—WOR, 710; WHR. 1390;

PARIS CLUB SERVES

Snde

PARIS, July 8 (U. P.).—The ciete Nationale d'Acclimatation France specializes in exotic bouquets and at its 33d annual dinner the guests were handpicked from the | high aristocracy. The banquet wasn't cess, for some of reasons: Cold roast hippopotamus served with braised buffalo. The roast pig looked delicious but it had been prepared for this dinner all through life by receiving a series of intravenous injections of garlic The meat had more than | a garlic flavor. Also served was larvae of Ergates, | a special big fat worm which has a peculiar taste because it burrows into pine trees. None of the guests ate much but (at the close of the pantagruelian | f usual—

such a sucthe following

was

(and salt.

east they were served as Gruyere cheese and wafers.

SPINAC H FARM SETS REC ORD WOODVILLE, Cal, July 8 (U.P.). —Guy Lowe and Bert Jackson broke all state records by producing 19.653 crates with a total weight of 489'5 tons of spinach, it was announced here,

750; WHAS,

UNSAVORY BANQUET

820; KMOX, 1090; WBBM, 776. WHRC. 640; CKLW, 1030; WSM, 650.

A SAFE DEPOSIT

IS LOW COST BOX INSURANCE 9 Differeny. Sizes $3 TO $100 A YEAR | Security Trust Co. 130 E. Washington

Breed, Elliott & Harrison

Established 1912 1115 CIRCLE TOWER

GOVERNMENT BONDS

FEDERAL AND JOINT STOCK LAND BANK BONDS

REAL ESTATE PREFERRED STOCKS AND BONDS

INVESTMENT TRUSTS

ENERGIZE

JULY

Funds month 1st of

Lincoln 5535

or wri

SATURDAY

=e A, x

i FEDERAL SAV

LAZY DOLLARS

Put YOUR vagabond dollars to WORK. For information regarding our saving and investing plans, call at our office

Dividends Paid July 1st, 1. 8,

emiIga rae]

invested by the 10th day of any earn dividends figured from the THAT SAME MONTH!

te for free folder.

rate of 3% per annum

RULER