Indianapolis Times, Indianapolis, Marion County, 11 July 1938 — Page 13

MONDAY, JULY

~ AERO IS

AS OTHERS IRREGULAR

Rail Stocks, Bonds Off Dur-| Tua] Porkers

ing Dull Trading; Oils Decline.

NEW YORK, July 11 (U. P).— The stock market declined larly today with substantially toward noon. Aviation featured the opening, New highs were made by Douglas at 527% up 17s; Bendix 16% up Glenn Martin 26's up °s; Curtiss-Wright 5% up Is; CurtissWright A up *s; United Aircraft 297 and Wright Aero 99 up 35. of the gains were held. Railroad shares declined fractions to more than a point. Utilities cased small amounts as did the oils and motors. Special issues in various sections made gains. U. S. Steel noon was at 56° oft Bethlehem 58's off 1; Chrvsler 64 off Consolidated Edison 281; off Eastman 171 up 1 du Pont 120 up 1 Kennecott off 1; Santa Fe off 134 and Standard Jersey 541;

harpce snares

Most

39 36! of New Curb Stocks Firm, Quiet However, curb stocks firmed fractions to nearly a point. Trading continued quiet Aircraft issues led the advance American Ai gained “i: to 153%, Bellanca Aircraft i to 13% and Lockheed ': point to 137:. Brewster Aeronautical Corp. was steady at 64. Fisk Rubber gained 4 and Carrier Corp. was 4 point higher at 133% In a steady industrial section. Oil issues dragged behind the general market. Gulf Oil lost 1 point to 43':, International Petroleum was = lower at Cit Service and National Oil Products were unchanged Rail Bonds Also Off Irregularity marked quiet bonds

sold

1p 10S

25 1£3

trading

ils off fract

New and BosScattered 1 a point. overed after a someopening and moved over clos-

Central, South ton & gains exte Utilities rec what hesitant up fractionally previous Ings. Industrials held steadv. U Government funds were up 1-32 to 2-32 point at the start the second hour, with limited demand center in long-term Treasuries. German General Electric 1943 advanced 1 points and Latin-American isst proved fractionally, but foreign dollar bonds eased narrowly in a light trade

5 4 » NY J pr » . Y. Bonds BOND PRICE INDEXES 2» 20 20 60 Inds Rails Utils, Bonds 81.1 58.6 96.5 39.8 83.4 38.3 96.3 9.3 9.2 51.3 93.7 TR 91.8% 93.% 1n.2 05.5 Ri on 2% .R 825 kk 13.9 83.3

ine ais

6s of 49 2 imother

1e8

Saturday Week age Month age Year 1938 High 1938 Low

ago

VERNMENT Bonds High Low 109 15 109 1°

0. 8. GO BONDS

Treasury 1945-53 +3 1046-44 5 1933-43 ss 1960-33 5 1963- 102 Federal Farm Mortzagze Bonds 1943-44 106.3 105.3 DOMESTIC BONDS

3 ~ $2 4

58 102.7 102.7

ot ’

wd DIED dn a yt a OD ln SD UI

Curb Stocks

POSES a 1 (VR

aD Fy dn 2 NE nee “arnow

- -

ro EEE LETS

“tI DD SN IRAP DRNIDLS “nw ~n

1 hic : Sunray Oil 5 Technicolor teevens : 3 Tr Gas Corp srraan 8 2 5

Lt & Pwr A .et 7a y

FOREIGN EXC

NEW YORK, July 11 (U, exchange lower ollowing cable rates on major cu n Cab!

4 R 293 <a “<3 8 8

U Un

P.) .—Foreign are Net

C -.00 9-16

1 m Germany im Switzerland

U. S. STATEME ASHINOTON d's . 1 0. PF

Ww 1

”

aston: 019.05 8366 2211

INDIANAPOLIS CLEARING HOUSE

Clearings es..esssssscsnrcnnae.n. $2,692,000 DeDItS soneretaccessssssssscnesnn. 6,603,000

11, 1938

SUES SPURT

irregu- |

trading quieting |

SAG ON MARKET

Sriniin

Gain Quarter

THE INDIANAPOLIS TIMES

Debate Leap of Stock Prices

bo EN

RAiihanh 2 CRY N

Atter Lagging

| Medium weight and heavy hogs | which lagged in last week's upturns benefited in a steady to 25-cent | higher trade on the market here today, the Bureau of Agricultural | Economics reported. Weights from 220 to 325 pounds were unevenly 5 to 20 cents higher, i the maximum 25-cent advance ap- | plying to weights from 100 to 160 | pounds. These latter weights, how- | ever, represented a very minor part | of the unloads. Extreme heavy hogs were only | steady. A top of $10, unaffected by | | the rise, was paid for 200 to 210- | pound averages The additiona! | gams in the live trade followed | further upturns in dressed pork values, Eastern wholesale markets reporting advances of as much as $3 over Friday. Packing sows were strong to 10 cents higher from $7.25 | to $8.25, mostly $7.50 to $8.25, with an 33.50 top on light sows. There was no letup in the upward drive in fat steer and yearling prices, despite liberal receipts around the main market circle. 1 The two classes ruled strong in an | | active clearance, with fed heifers | Very scarce and also on the up side. Grass heifers to sell from $6.50 to, $8.25, along with all grades cows. | found only steady prices selling | slower than other classes. | Bulls and vealers were unchanged. | Approximately 30 loads of fed steers | grading mostly good and near | choice ranged from $9.75 to $11.35; | best 1150-pounds at the outside. | Nothing strictly choice was offered either in the steer or heifer division. Very little with beef merit fell be- | low $9 in the steer alley. Medium | and good short fed heifers were | most numerous from $8.65 to $9.75, | a few at $10 along with several lots | good 750 to 800-pound light vearl-

| |

| Ing steers, substituted as heifers.

| ( | Sheep

ANGE |

opening |

hange | | roosters,

Beel cows ranged from $5.50 to | $7.50. Vealers bulked at $9 to $9.50 for | good and choice. Top was $9.50. Spring lambs sold steady to stronger, better grades bulking at | $9 to $9.25, with common to medium sorts $7 to $8.50 and culls down to | $6.50.

EN a IDDVB0DD

333

Barrows 140.180 160-180) 1180-200

and Gilts Good and choice § : Good and choice a 9.95 Good and choice 70491000 L Good and choice 2.80% 10.00 and choice 439 9.90 and cheice 8. 75a 260 and choice 457

25% Ri@ Na 7.25% iaugntier Pigs 100-140) Good ” Mediu

-— Receipt %

1854 — Steers i } Choice 300-1100) Choice 1100-1300) Choice 1300-15001 Choice 1750-900" Good 900-1100" Good 1100-1300) Good 1300-1500) Gooc . (750-1100 Medium 1100-1300) Medium . 750-1100) Common ¢ Steers and Heifers— (550-750) Good

(750-900

1) =

J v

NN ODA NDNDWN

PTT

Heifers 750-900) Good 550-300) Medium 1550-900) Common

{ Colum

All Weights— Good Medium Common OW cutter and cutters

{ Cons Oil

Yearlings ood 1h (All weights) Medium Cutter and common Vealers weights) Choice weights) Good .. weights) Medium and medium

Excluded (all weights) eel) .

(All (All All

Cull

| Allied

Is this the beginning of another bull market . « . Economists, Stock Exchange operators and business leaders

pan?

—or just a flash in the

debated that question as stock prices enjoved an almost uninterrupted surge upward during a two-week period. The chart above, based on an index of 100 representative securities listed on the N. Y. Stock Exchange, shows vividly how the black “price line” wriggled steadily but slowly upward starting in early spring, then zoomed dizzily and sen-

sationally to new highs between June 18 and July 2.

From 91 at the

beginning of April, a peak of 102 was reached at the start of July. The short vertical lines at the bottom of the chart, representing daily sales in millions, also show the sudden skyrocketing effect of the bull

influence.

N. Y. STOCKS

| - |

Net Change | Adams 1 Air-Way Alaska

Exn El Jun . Stores Allis-Chal Amerada Am Car Am Enc . Am &F Pwr .. Am Hide & 1, Am Loco pf Am Metal Am Rad & SS A R Mill cv pf Am Safe Razor Am St! Fdie:s Am Tobacco Am Tob B Am Type F Am Water W Am Woolen Am Zine

DA BBE aD DD -

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or TOO

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00 «B03 mt ws 03]

O09 «I Dre Fe 2) D0 JUD rt we 2

By United Press

Saturday Wek ago . High, 1938, High, 1933, 124 Safurday Week ago High, 1938, High, 1933,

Saturday Week azn High,

138.33; low,

61.15; 15 UTILITIES

10: low,

: low, low,

1938, 22.9% High, 1933, 33.

19.00, 28.9%,

136.20

20.54 Holiday

9%. 95, 113.64, 20 RAILROADS

23.3

Holiday

21.30

. 0.12 Holiday

Net

| movements on the Chicago Board

| stored the early gains,

| sulted in the arrival of an estimat- |

| today.

PAGE 13

CHICAGO WHEAT PRIGE NOT FIRM: AWAIT ESTIMATE

Kansas City Rise Restores Advance Threatened By Hedging.

CHICAGO, July 11 (U. pP)— Wheat prices maintained fractional gains on scattered buying as trading was featured by nervous price

| of Trade today. At the end of the first hour of | trading wheat was up 's to %:. Corn | was up 's to '4, and oats were un- |

| changed.

Prices receded from early highs |

{ on light hedging pressure, but scat-

tered buying partly encouraged by the advance at Kansas City re- | Many traders were inclined to! the Government crop estiissued this afternoon

market. Harvesting weather last week recars of wheat in Chicago Export interest was report- | in wheat over the |

ed 991

ed to be quiet week-end, Corn trading was prices held steady to firm. Receipts in Chicago were estimated at 359 | cars, and export sales were placed | early at 200,000 to 300,000 bushels.

light, and

City grain elevators are paving for No. 2 red, 5%: other grades on their merits. Cash corn new No 2 yellow 49 Oats. 23¢ |

| WAGON WHEAT |

BUILDING VACANCIES

LOWEST IN 8 YEARS

| Schmidt Reports 12 Per Cent

Unoccupied.

| |

Fred Schmidt, Building Owners

| and Managers’ Association executive | | secretary, today reported there is a

| after DOW-JONES STOCK AVERAGES

30 INDUSTRIALS

122 per cent vacancy in available office building space here, the low- | est percentage in eight years. The percentage was determined a survey of 46 of the city's largest buildings. ing to Mr. Schmidt, a 13 per cent vacancy existed; in 1933, 21 per cent

| and in 1929, 10 per cent.

0.11} I “but

| cent

ABN NDB NDP NY

3 Last Change Anaconda Armstrong Ck Asso Drv Gads Auburn Auto Aviation Corp

= “awn - “mon

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| Cerro de Pasco 1134 | Cleve El Ilm pf 109 | Cluett Peab ..

| Cont Bak B ....

| Corn Prod

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Calumet Can Case

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Bonn

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Crane Co Crown Cork ... Crown Zeller ... Crucible St .. Curtis Pub ...

| Curtiss-Wr

—Receipts, §31— Choice Good

(250-400)

Common . Feeder and Stocker Catt

500-300) Choire (800-1050) Choice 300-8007 Gong (300-1050) Good 500-1050) Medium Common

: a9

DV N10 SD

Heifers (350-730) Good an Common

d choice medium SHEEP AND LAMBS —Receipts, 1226—Spring Lambs— Choice Good .. Medium Common Ewes Good Comm

an HPanaa w J

and cholce >

AGO. Ju 11 «U. P.).—Hogs—Re14.000: directs, 5000 market, fairly around 25 cents higher: ‘op. £10. | Receipts, 5000: calves, 1500: steady. Receipts 7000: directs. 4000,

Chicago Stocks

High 534

. 18%

CHIC ceipts e

actin “atte

Low Armour & 534 Bendix Aviat Borg-Warner Butler Bros Chicago Corp Cities Service

LF]

Walgreen Co !

Zenith Radio

COMM ot Jt Ct 1 DBD

PD tpn ol ad

eavy breed hens, 1l4c; Leghorn hens, heavy breed broilers, 2 Ibs. and over. Barred and White Rock Springers. 2 and over. I4c: colored springers, 1; | and up, 13c; Leghorn broilers, 1'2 lbs. and over, llc; bareback broilers, 9c: ol

H ile 13¢ Ihs

9c. No. 1 strictly fresh country-run eRRS, feach full case must weigh 55 Ibs . A net deduction og 15¢ for each | full case under 55 Ibs. will be made). | Butter—No 28'2@29¢c: No. 2. 26@ | 6'2¢: butterfat—No. 1. 21c: No. 2. 19c. | (Prices quoted by Wadiey Co.) |

CORN AND WHEAT REGION OFFICIAL WEATHER By U. § Weather

—July 11,

High Low South Bend .... 88 70 Angola +. 38 Wheatfield Rochester Marion Lafayette ...... 90 Cambridge City . Columbus 94 Vincennes Paoli

Bureav a} |

1938— Precipi- State of tation weather | Jd Clear | Clear Clear Cles

Ft. Wayne

| Indianapolis

! Terre Haute ..

Ra Evaatsville 22

| Curtis-Wr A Pe

os rie "ari ® 8.75 | Eureka Vac .... Flintkote | Gen Bronze

| Gen .e | Gen Thtre Eq

| Grevhound Cp { Greyhnd 52

{ III Cent | Ra

| Insshs

LOCAL PRODUCE i

| McCall

| nos

Deere & Co.... Dev & RA....

| Dist Seag

Douglas

Air ... 517 Du Pont .

East R Mill ... East Kod pf Riee & M Ind Elec Pwr& Lt Eng Pub S .

— -

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or ou

| Fair Morse 313% . 2033 20% ,

5, « 22),

Gen Cable A Gen Foods Motors

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Goodrich Goodvear . Goodvear nf Grant W T Gt West Sug

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| Std Oil

Hack Wat

| Harh-Walik | Haves

Bdv Homestake

Houd-Her B

>| Hud Bav M & ¢ | Hud & Man {| Hudson Motor ..

Hupp Motor

Ill Central .... LL .. 3 Ind von Inspiratn Cop cls Md

Int Nicke Int Nicke t P&

Inter ; 1 of n R..uvo Int Rv C Am . It & .“ Int T & T For Intst D S

Kennecott

Leh Val RR Lehman .. Lima Loco ... Toit. Inc ..... Loose-W Bis 5pf Lorillard ras Ludium Stl ...

-o “own [vos » an B09 ht

- —

McIntyre

| NWO aT Ure

FOOD P

CHICAGO, July 11 (U. P.).—Apples—IliTransparents, [email protected]. Sweet Polatoes—Tennessee, bu. hampers, $1.19@'1.25. Carrots—Illinois, bun, 1@2';c. Spinach— | Illinois, bu., 75c@S$1. Tomatoes Texas, lugs, $1.85. Cauliflower Washington, | ers. $1.90@1 Celery —Michimion;, ham, | ers, 90@2.. LCelery—Michigan, a crates, 40@50¢s l

| Nat

| Oliver

Pace ! Pac G &

{ Paramt

| Press

| St { Schenley

... | South Rv “es 2 | South Rv pf | Sperrv-Corp

Swift

Nash-Kelv Nat Acme ..,. Aviation Biscuit Dairy Dept Distillers Gypsum Lead Pwr & It Sup Penn Sup §';

Nat

pf Tea Central Inv Norf South No Amer No Am Aw N Am Ed pf No Pacific

Ohio Oil Otis

Coast Pac West oil Packard . Para Pic 2 pf Park Utah Parke Davis Parker

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pf Car .. & G Serv

| Pullman

Pure Oil

Ravonier Read:

Repub StipfA

"1, | Revere Cop | Revn Met | Revn

Tob B Richfield Oil Roan-Ante]

Jos Lead Dist Pan Roebuck Ine. .... Sharon SH .... Sharp & D

{ Shattuck

Shell Un Oil .. Shell Un pf ... Simmons Socony-Vacuum So Por R Sug . So Cal Ed : South Pac ..

Spiegel Ine ...- Std Brands Std Brands Ind Std Oii N J Stew-War Stone & Web Studebaker Sunshine Min Superior Oil Swift & Co Intl]

| Tenn Corp | Texas

Corp Tex Gulf Prod r&PC&O .. Thermoid .. Timk-D Ax

| Tri-Cont

Twin Cv RT... Twin Coach

| Union B & P... { Union

Carh

Un Aircraft Cp

Young Sheet

Zenith Rad

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228 N. Ala.

and

NEON SIGNS

SERVICE Indianapolis Electric Sign Co.

LI-5674

American Loan Co 5's 46-51

| H Tel & Tel Ft W W 6s 43

| [Interstate

| erable the various obtain

| munique stating | progress”

| (1930-32 equal {| Friday Cities sees

| Indicate | based on buying and selling

| Kuhner

“The office rental situation has been improving for the or four years,” Mr. Schmidt if business doesn't see improvement by fall, vacancies might increase.” There was a vacancy of 5'5 In storerooms May 1, Association's survey showed.

said,

the This

figure is about the same as in 1930. ! | Mr. Schmidt said

‘SURVEY

‘PROGRESSING’ 11 «U Sugar Council journed today until Wednesday to delegations to further instructions from their governments. The Council today issued a com-

that “substantial had been

LONDON, July

vwosition of the world

sugar industry.”

In 1930, 8CCOFd~ |

last three |

some |

per | | changes

P.).—The ad- | | the Chicago exchange.

made during | | the past four days in surveying the | | statistical

DAILY PRICE INDEX|

NEW YORK, July 11

index of 30 basic commodicompiled for United Press s 100):

price ties,

. 105.19 Week ago Holiday Month ago Year ago

chsiciued vers 146.23 1938 high (Jan. 10) ...

117.06 |

| 1938 low (June 2)-

1 TY Ye LOCAL ISSUES (By Indianapolis Bond & Share Corp.) The following quotations do not repre- | sent actual bids or offerings. but merely the approximate market level inquiries or recent transactions BONDS Asked | 100 105 106 106 106

(TH) Ww

42s 61 S'2s 55

Tel lel Ft

Citz Ind

Ind Asso Tel 4'2s 65 Int Tel Co 5s 60 Ind Railway Ine 5s 97 ie Nn lel HVS Indpis Water Co 3'2s 66. . Bokomo Water Works os 38.. Pack Co 4s 40 .a Morris 5 & 10c Stores 5s 50.. Muncie Water Works 5s 65...

83.

{ Noblesville HL&P 5's 47

Ohio Tel Service 6s 47. Pub Tel 42s 65 Lases Richmond WW Sevmour Water . Water Works 6s 56.. T H Water Works 6s 49

{ Trac Term Co 5s 57

STOCKS Belt RR St Yds com cedbas Belt RR St Yds pid ......... § Cent Ind Pwr & Lt 7% pid... : Home T&T Ft W 7% pid ... ¢ xHook Drug Inc com Tht Ind Mich p 17% . Ind Gen Serv Co 6% pid... Ind Hydro Elec 7% ofd .... Indpls Gas ~om Indpls Pwr & Lt | Indpls Pwr & Lt 6'27% Ind Water Co 57% bpfd xLinc Nat Lire In: ; . XN Ind Pub Sv Co pfd 5'2%% XN Ind Pub Serv pfd 67% . xN Ind Pub Serv 77 pfd Prog Laundarv Co com Pub Serv of Ind 6 . | Pub Serv of Ind nfd 77% S Ind Gas & Elec 487% pid .. Terre Haute Elec Co 6% «- i Union Title Co com . Van Camp Milk Co of .. Van Camp Milk Co com xEx-Dividend tBy M P Crist & Co.) Market St. Investment Corp.. 24.31

67% ‘or 03 . 9

Maes

3 100 OD DDI I wt CL)

A000 LIND ~ I—r<t ve ow

LEI

TYPEWRITERS

: NEEDS

A SAFE DEPOSIT BOX

ALL SIZES MODERATE RATES

Q AMERICAN NATIONAL BANK

Southeast Corner PENNSYLVANIA & MARKET STREETS

(U. P).—| | Dun & Bradstreet's daily weighted

| 1937.

105.03

| area.

| pared to 960 and 3119, respectively, | for May, the Commodity Exchange

Named Manager

Harold Taylor has begun his duties as assistant secretary and office manager of the Union Federal Savings & Loan Association, directors announced today.

GAS TAXES DOUBLE 1929 COLLECTIONS

In- |

Institute Deplores creases by States.

NEW YORK, July 11 (U. P).— Motorists and others who used the nation’s highways in the year ended June 30, paid 980 millions in taxes for the privilege, the American Petroleum Institute industries committee announced today. This was a gain of more than 100 per cent since 1929, according to the Institute. “Ten states increased their gasoline taxes from 1933 to 1937 and because of this 365,000 automobiles remained unsold, millions of dollars worth of potential business failed to materialize and job opportunities were completely lost to thousands of unemployed,” the Institute said. Analyzing registration trends, the Institute found that since 1933 car ownership gained 20.1 per cent in those states which increased their taxes. However, in the other states the registrations increased 26.1 per cent on the average, thereby making the gain 30 per cent greater in those states not changing their taxes. Had registrations in the 10 in-creased-tax states kept pace with the other 38, 365000 more cars

would have been sold, amounting to |

250 millions more business, the Institute said.

BUTTER TRADE UP ON MAJOR MARKETS

Times Special WASHINGTON, July 11.—Trading in butter and egg futures during June on the two organized extotaled 1330 carlots for butter and 2223 for egRs as com-

Administration announced today. Trading in butter on the Chicago Mercantile Exchange totaled 1329 compared to one on the N. Y. Mercantile Exchange. More than 92 per cent of the eggs were traded on

DEPARTMEN

NEW YORK, July 11 Department stores sales in New York City expanded in the week ending June 2, cutting the decline

(U. P.).—

ON THE RADIO

TONIGHT

6:00—Monday Show, WFBM. 6:30—Margaret Speaks, WIRE, 7:00—Orson Welles, WFBM, 8:30—Opera, WGN. 8:30—Burns and Allen, WIRE, 10:15—Joe Sanders’ Orch, WFBM.

Between the two local stations, listeners should receive a blanket coverage of the Democratic State convention. WIRE has Governor Townsend's keynote address scheduled for 10:35 to 11 a. m. tomorrow, while WFBM will broadcast the proceedings from 11 to 11:45 a. m. In the afternoon, WFBM will be on the air from the convention between noon and 4:30 p. m. WIRE | has a half-hour scheduled at 1:30 p. m,

Elsewhere, on the network front, | current happening shape up some- | what as follows:

» »

» » nw

“streamlining” assignment. The two-act opera takes only about an hour and 20 minutes in its original form. For the radio presentation, he has left the score intact, and provides a modern-English translation with spoken dialog.

o #

Fritz Lachner’s long-promised performance of Schubert's song cycle, “Die Winterreise,” finally is set for tomorrow and the next Tuesday on CBS-WFBM at 1:30 p. m.

The German baritone will do the first 10 songs—from ‘Gute Nacht” through “Rast” on tomorrow's broadcast. The following week will bring the remaining 14 songs, “Fruehlingstraum” to “Der Leiermann.”

Sports—A field of 121 will tee off tomorrow in the Professional Golfers Association tournament, with Ted Husing and his CBS microphone on hand for five days of reports from the scene of battle, Stroudsburg, Pa. You may hear news of Denny Shute, two-time P. G. A. winner; Ralph Guhdahl, who twice has won the National Open, and the other leading contenders at 4:15 p. m. tomorrow and Thursday, 4:30 p. m. Wednesday and Friday, and at 10:45 a. m. and 2:30 p. m. Saturday. At 2 p. m. tomorrow on NBCBlue, Clem McCarthy will bring you a description of the Dude Trot from the famous Good Time Track at Goshen, N. Y. Speeches—Senator O'Mahoney (D, Wyo.) is to discuss the Congressional monopolies investigation at 8:30 o'clock tonight on NBC-Blue. And at 5:15 p. m. this evening (CBSWFBM) Albin Johansson will tell you how the co-operative movement, works in Sweden. ” n

THIS EVENING

(The Indianapolis Times is not responsible for inaccuracies

In program an.

aouncements caused by station changes after press time.)

INDIANAPOLIS WFBM 1230

(CBS Net.) (NBC-MBS)

INDIANAPOL WIRE 1400

18 CINCINNATI WwW 700

(NBC-MBS)

Jack Shannon C. Milholland Tea Tunes Rakov's Or, » » Ensemble

———————————————e

ei a S303

Middieman’s Or, News

Medicine Future Hapony Gilman Sport News Lowell Thomas

Bill Anson Penumbra Serenade Orphan Annie

WPA Speaker Audition Book Viewpoint {incle Ezra Popeye News News Orchestra

| ovorann

Looking Jn

Monday ,Show

Conservatory Boake Carter

-—s — “nS:

Ma Tgaret Speaks

Popeye Clark's Bob Elson Dukes—Duchess

Don Winslow Spor

Let's

Celebrate | A i

Sullivan Burns-Allen ”n ” Richard Crooks

Contrasts

Lone Ranger

Now-Then Announcing Modern ,Musie

Mercury Thea ” ”

” "

” Ld

2353

Gov, Davey Minstrel Man Mysteries

Crosby's : Or.

Grier's Or, Iomorrow’s Trib,

2 |

W. King’s Or.

Lois Elliman Government

Contented ”» LJ

- lp

Sa Sw»

Burns-Allen ”n ”

| 220% | awa | asaa

Sports Busse's Or. Pick-Pat

Amos-Andy

ews Baseball ”n ”

| eee | nD

True-False Lohbies Ge

Century Fight Melody Pageant

Arthu Fields

r's Or. : Or.

Amos-Andy Asparagus Club Donahue’s Or. Unannounced

News Fio Rito's Or, Jurgen’s Or.

th wt 23 n= - = m= =

ht »

F. Henderson's Or,

Paul Sullivan Lucas’ Or, Orchestra

Kyser’s Or,

Cugzat’'s Or, ”» ”»

Bailey's Or, Dance or.

Nocturne O'Hare's Or, Williams’ or.

ng — amd nS

”

Review Thurn's Or,

Basey's ,or. Crosby's, Or.

TUESDAY PROGRAMS

INDIANAPOLIS WFBM 1230 (CBS Net.)

Early Birds Devotions

Markets

en nD

INDIANAPOL WIRE 1400 (NBC-MBS)

18 CINCINNATI WLW 700

(NBC-MBS)

CHICAGO GN 720 (MBS Net.)

Organ

Musie Box Revelers 5h .

” » ” ”

Mugical Clock

Desca Ryrd Better Health

» ” ” ”

[maa an 0 S373

Good Morning Jean Abbey V. Lindlahr

Merrvmakers Peter Grant Gosnel Singer Hollywood News

Kitty Kelly Mvyrt-Marge

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Hilltop House Betty-Bob

Melody Parade Dr. Friendly

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from a year ago to only 3.8 per cent. The preceding week showed a drop of 5.2 per cent. The Federal Reserve Bank ported that for the four weeks ending July 2 local department stores had a decline of 7.5 per cent under Throughout the nation, department store sales for the week were 10 per cent on the average pbelow the corresponding week of 1837.

APPROVES AN EXTENSION

WASHINGTON, July 11 (U. P.).—

| The Interstate Commerce Commis-

sion today authorized the Cleveland, Cincinnati, Chicago & St. Louis Railway Co. to construct an extension of its present lines from Buckskin to Dickeyville, Ind. The line will cost approximately $422,000, and will serve coal mines contemplated in the Dickeyville |

SHAREHOLDERS ARE PAID

Shareholders of the Ohio Finance Co., Columbus, O., have received a quarterly dividend payment totaling $80,039, L. A. Brickner, Indi-| anapolis branch treasurer, an-| nounced today. Payments were made to shareholders of record June 10 on the | basis of $1.50 a share on 6 per cent | preferred stock and 30 cents a] share on the common stock.

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SERVES BEST. COSTS LESS

For

LIGHTING AIR CONDITIONING FANS, MOTORS ELECTRIC SIGNS REFRIGERATION WATER COOLING DISPLAYS

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12 miles

building and

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H. Turner Pinky Hunter June Baker Len Salvo

Linda's Love

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Mary Marlin Ma Perkins Young Guiding Light

Harding's Wife Midstream

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Memory Lanes Musical Moods Leadoff Man Baseball |

Police Court Top Hatters Master Singers Indigo

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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, | MUTUAL—WOR, 710; WHK, 1

820; KMOX, 1090; WBBM, 776.

390; WHKC, 640; CKLW, 1030; WSM, 650.

ANNOUNCES UPTURN |!

IN BUILDING LOANS

{ Times Special

CHICAGO, July 11.—People borrowed more money from savings, loan associations to build houses during May than in any month since last October, E. of Washington, U. 8S. Building and Loan League president, announced today. |

More than 27 millions were bor- | rowed for 8700 new homes, Mr. Baltz said. For this new construc- | tion and other purposes as well, all |

mortgage loans made by associa-!

tions in May were up to $92,126,800, figure 22 per cent below May, 1937.

RFC LOAN AUTHORIZED

WASHINGTON, July 11 (U. P.).— The Interstate Commerce Commis sion today authorized the Southern Co. to borrow $13,500,000 Reconstruction Finance the purchase of

Railway from the Corp. to finance 5550 freight cars. At the same time the ICC certified that the railway, on the basis of present and prospective earnings, is not in need of corporate reorganization

PPORTLUNITY profit two offered

rr orices,

to local

ways stores, works

shops and other com-

mercial establishments by the reduced "step-down" rates now

in effect for Electric service.

One way is to reduce the unit cost of service. The more work you let Electricity do for you, the cheaper it becomes under the

new commercial rates.

Electrical Modernization Pays

Another way to make profitable use of cheaper Electricity is to stimulate sales or production by making your business place more attractive, more comfortable, more efficient with Elec.

trical improvements.

It will pay you to ask our Commercial Department at once,

without cost or obligation to you,

how Electric service can be

used to best advantage in your business.

COMPANY