Indianapolis Times, Indianapolis, Marion County, 21 July 1938 — Page 25

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THURSDAY, JULY 21,

1938

RAIL SHARES LEAD

ACTIVE

Steels, Motors Meet Demand.

NEW YORK, July 21 (U. P).—|

Rail shares led an active rally in|

RALLY ON = NEW YORK MARKET ©:

Leaders Up More Than Point

Chicago Stocks

Armour & Co Bendix Aviation Borg-Warner | Butler Bros .... | Chicago Corp . | Gommronweanh Edison’ . Fuller Mfg Co | Houdaille La Sa

stocks today after early irregularity. | M Sante Fe ran up 15 points, while |

Southern Pacific gained more than | a point in heavy activity and Illinois Central, Pennsylvania, New York Central and other leaders rose almost a point. Steels, motors, rubbers, coppers, farm equipments, building stocks and merchandising shares met best demand. U. S. Steel, Bethlehem, U. S. Rubber, Anaconda, Manville, U. S. Gypsum and Sears Roebuck held gains of around a peint and more.

Stock Activity

Raises N. Y. Clearings NEW YORK, July 21 (U. P).— Increased stock market activity the week ended July 20 lifted bank cle~rings at New York City to within 1 per cent of the corresponding

1937 total, Dunn & Bradstreet, Inc., | {

reported today.

Outside cities, however, failed to |

record a similar upturn, with the result that volume for the country

as a whole, while exceeding that of |

the previous week, remained 6.1 per cent below the corresponding 19:37 level. This was the 36th consecutive

decrease registered in the year-to- |

year comparison, with the single exception of the June 8 week when a moderate improvement was reported,

Firestone May Make

New Issue NEW YORK 2] (U Further evidences that the log-jam in the capital market is oeing broken appeared today. It was reported that

July P) —

the Fire-

stone Tire & Rubber Co. will bring | out a $50,000,000 issue in the fall, |

most of which will represent “new money” financing. The major part of the proceeds, according to present plans, will be used to repay bank loans, which at

present amount to approximately $27,500,000. Although the company has no outstanding funded debt, it was believed the new fi-

nancing would provide funds to wipe | | Richmond WW 5s 57

out funded debt of subsidiaries, which amounts to $13.300,000. Continued favorable conditions both for new money borrowing and refunding have led to a substantial volume of new corporate financing being placed in negotiation, bankeis | report.

Steel, Retail Trade Take Spotlight

Tin NEW YORK, July 21 —Steel activity and retail trade are the brightest spots in the business pic-

es Special

ture, according to the current issue | Investment Advisory Serv- |

of Poor's ice. The rebound in steel uring the past week to 32.3 per cent of capacity brought steel production to the highest rate mid-April. “Retail favorable,” “After having more below

activity

trade reports continue the analysis stated. run 16 per cent or 1937 totals, growing

sales have narrowed the spread to |

around 10 per cent below comparable 1937 totals.”

New Issues Admitted To Exchange

NEW YORK, July 21 (U. P).—

The New York Stock Exchange to-|

day admitted to the list the 10-year

34 per cent debentures of the U. S. |

Steel Corp., due 1948, and Republic of Cuba 412 per cent external debt bonds, due 1977.

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HARDWARE SALES GAIN 6.5 PER CENT

Retail hardware store sales in the United States increased 6.5 per ! cent during June, compared with May, according to a report of the | National Retail Hardware Association issued here today.

It was the first increase since | take steps to advance the question |

September, 1937, and the greatest percentage rise since February, 1937.

Johns- |

mn |

{ Citz Ind Tel (TH)

parent | pare { Morris 5 & 10c Stores ds 50 .

{ Noblesville HL&P 6

| Indpls Pwr

{ XLinc Nat Life Ins

0% a» a

erling Brew Woodall Ind | Zenith Radio

N. Y. Bonds

BOND PRICE INDEXES 20 20 Rails Utils. 61.3 98 £88 95.1 50.6 9.8 93 101.3 106.0 Rr 87.3 106.0 92.3 106.2 103.5 Statistics

60 Bonds sL6 80.2

95.5 1.3 82.5 Wo. 100.3 81.1 100.2 93.3 Co.)

2 - ”

95.0 |0.1 Lo 0R 000 Standard

GOV ERNMENT BONDS Treasury Bonds

High ‘ 105 30

wep Dm

— 232

1938

U. 8 Low 105.30 108 18 101.25 106.15

Home Owners’ Loan Bonds

214s 1944-42 . 103.28 10328 3s 1952-44 105.31 105.31 FOREIGN BONDS h Low Argent 2 89s; 89':2 Australia. 3 1043, Brazil 6! 14%, Canada 8 German 5: Japan 5'z 3 | Tokio Sl2s 61 . DOMESTIC BONDS High Low

O ref 5s D.

"100% HN 81!

6034 81 1034

United Cig- Wh 5s 52 012 Util P & LL §'as 47 34'z 541 Warner Bro 6s 39 82 1 Young S & S5&T4 4s 61 100° 1 100%

LOCAL ISSUES

(By Indianapolis Bond & Share . The followin Got ations do not represent actual uviferings, but merely indicate By APRTOA MeL e¢ market level based on buying and selling inquiries or recent transactions BONDS

2S 46-51 . 4's 61 H Tel & Tel Ft W 5.5 55 . | H Tel & Tel Ft W 6s 43 .

orp.)

American Loan Co 5!

{ Ind Asso Tel 4's 63

Ind Tel Vo 5s 60

{ Ind Railway Inc 5s 97 :

Interstate Tel & Tel 5 Indpls Water Co 3':s €6 | Kokomo Water Works 5s 38.. Kuhner Pack Co 4s 40

2s 63

Muncie Water Works 8s 63. . 47

S Ohio Tel Service 6s 47 Pub Tel 4135 55

Seymour Water Co 5s 49 T H Water Works Bs 36

! T H Water Works 6s 49..

Trac Term Co Ss 57 . STOCKS Belt RR St Yas om . Belt RR St Yds p . Cent Ind Par & a 7% ‘pid Home T&T Ft W 77% nd “

| Hook Drug Inc com.

Ind Mich pfd 7° . Ind Gen Serv Co 67, pfd . Ind Hydro Elec 77, nid Indpls Gas com Indpis Par & Lt 67, . & Lt 627% rfd.. Ind Water Co 57, pfd

XN Ind Pub Sv Co nfd 5':7. XN Ind Pub Serv pfd 67, XN Ind Pub Serv 77 pnfd . Prog Laundry Co com Pub Serv of Ind 67, vofd Fup Serv of Ind pfd 7 . | S Ind Gas & Elec 4.87. pfd.. Terre Haute Elec Co 6° Pp Union Title Co com. . Van Camp Milk Co of Van Camp Milk Co com xEx-Dividend. (By M. B. Crist & St. Investment it Corp. NM.

Dro 2 a

103

Co.) 24.90

BANK STOCKS

Market

since |

Asked. Net 8 Bank of : Cage, Bank of Bankers Bank of New York Brooklvn Trust Central Hanover Chase .e Chemic Comme { Continex Corn Exci ange Empire | First National Guaranty Irving . cesnisan Manufacturers { National Citv New York Tru | Public Public ... . Title Guarante 1arantee

CHICA AGO PRODUCE

Butter—Marke eadv: receipts, 1.452. { 075 gross lbs firsts (90- 91. scorel, 25a ads score), 25'z¢; firsts 211.@ 22¢: specials,

America .a Manhattan .

BR % 1 Trust 4 :

Ext ra extras (92 . Seconds, ; standards, . : centralized - “Market, easy: Fresh graded firsts, c¢ Cars, 193 aC; extra han cars, ' 2034¢ receipts 18':c: dirties, 16 Poultry—Market steady trucks; ducks, 12@13c: geese, 12'4¢: heLs, §'.3418c: leghorn hens, l4c: spring chickens. 17@19';c: roosters, 13@14c: broilers, 15@1%c¢: fryers, 15'24@ 18c: turkevs. 12%@16ec. Cheese—Twins, 13'2@13%c: Qaiyies, 147% @l4'.c: Toahorns 141,214; Potatoes—Supplies rather light: light; market steady on umphs: slightly Wesker Cobblers $1.05 90c: Kansas irs, 4 Cobblers, $1.10; $1.80 1.95: U. S. Oregon Bliss

(89 score), 24'c. TeRelnts. 9664 cases 20% c: cars, 20 16ic;

4C: less current aC

receipts, 39

S checks

demend Western or others. : U.S. [email protected]: NeCalifornia White Commercials, $1.70 Triumphs, $1.85@

161: shipments,

souril braka Rose,

on track,

FOOD PRICES

CHICAGO, July 21 (U. AP.) Apples Illinois Duchess. bushel. 90c@ $1.25. Be | Potatoes—Tennessee, bushel SC ainpers. 90c | @81.2 Carrots—Illinois, bunch !'2@1':c. Spinach— Illinois, bushel, 50@60c. Tomatoes—Illinois, bh. $i 30@40c. | Caulifiower—Washington, S1.30@ 1.40. Peas—Washington. hampers, $1.90@ 2. _Celery—Michigan, Highball. crates, 25 «@35c. Onions (50- Ib. sacks)—Ilinois vellows, 40@ 50c: Iowa vellows, 40@45c; California vellows, $1.15.

LOCAL PRODUCE

Heavy breed hens. 14c: leghorn hens, llc; heavy breed broilers, 2 lbs and over. | 13c; barred and white rock springers, 2 {| Ibs. and over. 13¢; colored § ringers, 12 Ibs. and up 13c: leghorn broilers, 1'z lbs. and over, llc; bareback broilers, 9c; old | roosters, 9c. No. 1 strictly fresh country run eggs: | 17c (each full case must weigh 55 Ibs | Bross A net deduction of 15 cents for | each full case under 55 lbs. will be made.) Butter—No 28@2812c; po. 2, 12@ Butterfat—No. 1, 21c; 2, 19c. (Prices quoted by Wadley Co.)

ENGLAND DENIES U. S. MONEY DEALS

LONDON. July 21 (U. P.).—Stabilization of currencies “constantly” under consideration by British

crates,

26c.

authorities, but no conversations on | have been held with |

| the matter

either the U. S. or France, Chan-

| cellor of the Exchequer Sir John |

| Simon disclosed in Commons today. | Asked whether as result of conversations with the U. S. and France, Great Britain intended to

of stabilization, Sir John said that no sucha discussions had been held.

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By United Press

t i Yesterday

1, | Year Ago ...

al | Yesterday

2 | McLellan St

4 | Peerless

TOCKS

DOW-JONES STOCK AVERAGES | 30 INDUSTRIALS —1.83 | —1.09 | +3.41 +0.61

High, 1938,

| | High, 1937, 37.54; low,

THE INDIANAPOLIS TIMES

65 STOCKS -—0.17 | —0.43 + 1.49 1

Week Ago Month Ago | Year Ago High, 1938, 47.43; High, 1937, 69.6%:

31.10, 38.87.

low, low,

Net High Low Last Change

| | McKesson & vid a { Mengel | Mink Hoy B Pr

Mueller r { Murray

Nash-Kelv AcmeB Aviation

bt pt

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Distillers Lead “a Pwr&Lt Steel Sup Penn Sup 2 pf.. Natomas ‘ Newberry N Y Central NYC&StL pf NYC Omnibus Y Dock

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BORD 1D Dre WIW OR WDUD

| terest.

Ohio Oil Omnibus Oppen Coll Otis Steel “vt Owens Ill Gl...

{| Packard ....... Panhandle pt .. 60 Paraffine Co Paramnt Pict . Para Pict 1 pf .. Para Pic. 2 pil.. Park Utah . . Pathe Film

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Penney Penn RR Phil Morris pf Pere Marquette Pere Mqt pf .. Pet Corp Am ..

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‘2 117%

| Phil Morris ... Phillips Pet Pitts Sc&B i Pitts Stl . sik | Pitts Stl pf . Pitts Stl 5 pf Port Ric Am A {| Press Stl Car

{| Press Stl 1 pf

{ Crown Cork ... : | Crown Zeller .. i Crucible St ... . Cub Am Sug ... t Curtis Pub ... Curtiss Wr .h Curtiss Wr A .

| Purity

Proct&G pf { Pullman Pure Oil Bak . Pure Oil 5 of...

| Radio "es Radio pf N ..

| Radio-K-Or

Davison Chem . Deere & Co ... | Deere pf “ { Del & Hud .... ! D Lac&W vais Diam M pf .... J Dist Seag : Dixie Vortex A | Doehler D Cast Dome Mines . | Douglas Air | Du Pont i} i East Kodak ... 7 Eaton Mfg | Eitingon Sch | Elec Auto L .. Elec Boat . ? | Elec Pwr&Lt .. | FI Pw&L $6 pf El Pw&L $7 pf | Eng Pub S

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LIGHTER DEMAND ~~ DROPS GOLD PRICE

— tt Len -

Since Saturday.

LONDON, July 21 (U. P)-— Slackening demand for gold eased the price of the metal 1; penny today to 141 shillings 5!2 pence an cunce. Sterling rose to $4.9187 from $49162 yesterday, lifting the American equivalent 1 cent to $34.79 an ounce, Gold on the markets amounted to £936,000 ($4,603,903.20), smallest takings since last Saturday. The following tabulation shows the price of gold per fine ounce, pound sterling, American equivalent | of the gold price, per cent discount from parity. grains of gold theoretically in the dollar and the value of the dollar on the basis of the gold price.

Par Today Yesterday Vy) 9°.d 141s 5'5d 141s €d «.$ 8.2397 § 3-3lm $ 3-362 5.00 34. 34.7 "6386 13.80 1.0063

| Gold

ound U. S. Equiv Pct. Di Gra Bln Do!

13:30 1.0060

ot —in et Birt

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| Sperry Corp

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{ Tenn Corp | Texas Corp | Tex Gulf G Su

{ Tri Cont Twin CR T

| United Fruit { Un Gas Imp US U S Gypsum

Vanadium

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{ Warren

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| Receipts

Metal on Market Is Lowest!

Rayonier

Rayonier pf 2

Revn Spring

Safeway 7 . “aia Jos Lead ... 44! 1 ot |

{ Schenley Dist .. 214 : 21! ‘orn | Seagrave .: 33 3° 3s - | Sears Roebuck. . 7:

Servel Inc

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Shattuck oy! Shell Un Oil ... Simmons

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. 85s .102

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Yellow Tr | Young Sheet 183 1 oo 45

U. S. STATEMENT

WASHINGTON, July 21 (U. P.).—GovSInment i Nenses and Jeceipt s for the ren scal vear throu Jul - pared with a year on 5 y 1, com |

18%;

Zonite

t Year ..$ 523. 584. 093. 7 "s 435. s 7. 0 . 185, 962,673.2 @ Ne 337,921,420. 5 337,784,020.54 1.995,605.587.58 1,405,412, 618.25

Expenses

Gross Def. Net Def .. Sesh Bal. . Work Bal

Gold Res

12,982.883,327.06 12,444 004.525 42 Customs

13,288,101.83

INDIANAPOLIS CLEARING HOUSE

Clearings - $3 409 00x Debits .. 7.672 500 |

INSURANCE CONCERN GETS RIGHTS HERE

Recently organized as an affiliate of the Continental Casualty and Continental Assurance Co.s of Chicago, the Transportation Insurance Co. has been authorized to write business in Indiana, it was announced today. The company is to deal in fire, automobile and inland ! marine lines. |

Colonial

Savings and Loan | Association

28 South Plinois St.

| was off ! | changed to

; | closed months relatively weak.

sl tinued very | were estimated 2 | bushels,

| today | corn

| trator

| plus

| 10 years,

| farmers | ity supplies back nearer | Tolley said.

{ Cash corn,

| South Bend ! Angola . | Wheatfield

{| much beef

| grassy | merit still

| upward

| sheep

| Receipts, | on

| packing sows,

| rect:

A $9.50 down:

Pub. Debt 37.164.221.655.20 36.603.837 Eh 73 | 23.643.505.49 |

PAGE 25

WHEAT IS FIRM AS CORN SHOWS SLIGHT DEGLINE|

Export Trade Continues Very Small.

CHICAGO, July 21 (U. P.).—Scattered buying kept wheat prices firm on the Chicago Board of Trade today as general interest was light. At the end of the first hour of trading wheat was up i to J, corn and oats were un13 higher. The firmness at Winnipeg was an

encouraging factor and was based | | on pessimistic crop reports from

drought, threaten Liverpooi the later

where and rust damage. with

Saskatchewan grasshoppers, considerable irregular

Hedging Pressure Light Hedging pressure at Chicago was

| fairly small and was offset by buy- { ing attributed to export | Volume | fair.

interests of trading remained only

wheat concorn sales as 750,000

Export sales of U. S small while as high

Receipts of wheat in Chicago were placed at 278 cars, of 265 cars. Corn prices eased slightly under scattered selling, despite export inTrading was light.

dom.

| Hoosier Wheat ‘Allotment Announced

WASHINGTON, July 21 (U, PJ). ~Agricultural Adjustment AdminisH. R. Tolley appealed to | farmers today for compliance with the 55,000.000-acre wheat allotment |

| program for 1939 to prevent repeti- |

tion of a price-t pressing, crop. The AAA has announced the di-

bumper

| vision of the acreage goal by states, | be divided among |

which later will counties, and eventually among individual farmers who, by limiting their wheat acres, will obtain farm benefit payments.

Hoosier Allotment Announced

Each state was awarded 74.36 per cent of its average seeded acreage, the amount diverted under previous AAA programs in the last with adjustment for the trend three years.

| Indiana's allotment was 1,481,810 | acres.

mainly to the United King- |

in acreage during the last |

[Local Porkers Hold Advance In Trade Here

Hog prices held all of yesterday's

|25 to 35-cent gain in a generally

General Interest Is Light as

steady trade here today, according to the Bureau of Agricultural Eco1.omics. Around 6000 hogs cleared in a fairly active trade, with the top of $10.05 remaining on 200 to 210pound averages. Packing sows likewise showed no change, most heavies clearing from $6.50 to $6.75, with extremely rough heavyweights occasionally as low as $6. Mediumweight and light sows | moved from $7 to $8, with a few | smooth lights under 300 pounds up to $8.25. Stags bulked at $6 to $6.50. Receipts estimated at 700 cattle included several cars of direct and through stockers and feeders and approximately six cars of steers bought to arrive, leaving the salable { supply very limited. However, several lots of plain and medium grass steers were carried over from the week's previous dull market on these. . Steer Top Goes Up

The year's steer top to date was exceeded when long-fed 1204 and 1211-pound beeves scored $12.50 to New York Killers. The trade on | other claSses of | very draggy and the outlet for grassy descriptions of all classes is extremely narrow. Lightweight cows ruled weak while heavy fat | cows and cutter grades remained | unchanged. Vealers cleared in a strong trade with the top of $9 paid freely and a popular figure on many top good and choice lots. Fat lambs cashed on a steady basis. Good and choice grade ewe and wether lambs bulked at $8 to $8.50 with the top at $8.50. Actually there was some strength to the market as buyers were unable to sort as deeply as as yesterday.

Cattle Outlook

| ‘Somewhat Improved’

| WASHINGTON, July 21 (U. P.).— | The Agriculture Department reported today the outlook for cattle prices in the late summer and fall | is “somewhat improved” but that : prices of better grades probably will | not reach last year's extreme highs. | The Bureau of Agricultural Economics attributed the outlook to the | prospective improvement in busi- ( ness and consumer demand. It | seems likely that the advance in | prices of better grades of slaughter | cattle will be “more marked and | longer susfained” than was previ-

5720 |

“These acreage allotments offer

to co-operate to bring wheat

normal,” Mr.

WAGON WHEAT grain elevators are paving for No, 5%c. other grades on their merits new No. 2 vel.ow, 52¢c. Oats, 20c.

Citv red

CORN AND WHEAT REGION OFFICIAL WEATHER

By 0. Ss.

—July 21, 7 A. M.— Precipi- §

tation 06

State of weather Cloudy Cloudy

High Low 85 83 9 9 Rochester Marion Lafayetie Cambridge City Columbus . Vincennes Paoli . Ft. Wayne

| Indianapolis

C loudy PtCldy

OTHER LIV ESTOCK

CHICAGO, July 21 (U. P.).—Hogs—Receipts, 10,000: directs, 2000; two-way market: weighs, 230 Ibs. down, mostly cteady to 10 cents higher: heavier packing sows uneven 10 to 15 cents lower; top, $10.20: good and choice, 170-230 ibs., [email protected]; 240-270 lbs., [email protected]; 280-330 $8.25@8 75: good packing sows, 375 $7.25@ 7.85, 400-600-1b, Kinds,

3500; calves, 1200. Not market strong to 35 steers and vearlings: no prime steers here: best, $12.50; few loads, Slirpie. mostly [email protected] on fed Kinds with grassy offerings $9 down to $7.50; heifers yearlings scarce, strong to higher; steers and heifers without feeder hard to move: but most such cattle higher than last week: grass heifers $6@7; grassy steers. [email protected]; medium stock steers mostly native dull; well-bred calves and yearlings here early in week well cleaned up at $9.25 down; cows about steady; bulls steady to easy: vealers steady at $10 down: weighty sausage bulls, $7. Sheep Receipts, 5000: directs, 5600: spring P ambs and vearlings active, strong to 25 cents higher: native springers to larger interests. [email protected]: few sorted lots to £9.10 to packers: two doubles 100-1b. dry fed vearlings. $7.75: strong to higher; native siaughter ewes. [email protected]. CINCINNATI. July 21 (U. P.).—Hogs— 2300. including 85 direct: hold75: market, sciive, gencrally steady light supply: to $10: 225-250 Ibs. $9.70: 100-140 lbs. = [email protected]; bulk @12 Zu Cattle—Receipts 350: calves, 300: market, slow, uneven. about steady: load good to near choice 1125-1b. fed steers bought to arrive, $10.50: load good mostly dryfed heifers, $9.75. sorted: good beef cows. [email protected]; thin shelly low cutters, $3.25 down: practical ton sausage bulls, $6.50: vealers, strong: top. Sheep—Receipts, 2250, market, IS on light supply: most good and choice spring lambs. $8 75@ 9.25; lot or so strictly choice ewes to city butchers. $9.50: buck counted. $59c@$1: slaughter $2@ 3; choice lightweights 3.50

LAFAYETTE. Julv 21 (U. P.) —Hogs— Market, 206:25¢ higher: 160-200 1bs “@9.80: 200-240 lbs.. $9.60@ 10 $9.20 9.50. 270-325 lbs roughs, $7.25 down. $8.50 Lambs, $7 5068 25.

Terre Haute Evansville ......

Cattlie—Receipts, in run. cents higher on

choice

over,

good

lambs, disewes mainly occasionally to

240-270 lbs, $8.60, 8.90: pigs,

Calves,

butchers and |

. including 1068 di- |

and wethers |

$9 60 |

of the country an opportun- |

Barrows and Gilts— (140-160) Good and choice 1160-180) Good and choice (180-200) Good and choice 1200-220) Good and choice.. 1220-250) Good and choice.. 1250-290) Good and choice.. 1290-350) Good and choice.. Packing Sows— (275-550) Medium (350-425) Good 1425-550) Good (275-550) Medium Slaughter Pigs— (100-140) Good and choice. . Medium

CATTLE —Receipts, 666—

S058

(750-900) (900-1100) | 11100-1300) Choice 11300-1500) Choice 1750-900) Good (900-1100) (1100-1300) (1300-1500) (750-1100 (1100-1300 (750-1100)

Choice Choice

m Common "iplain). . Heifers Heifers— Good ... Medium Common

Steers and (750-900) 1550-900) (350-900)

All Weights— Good

Low Cutter ‘and cutters. Bulls Yearlings Excluded (all weights) Good (beef) (All weights) Medium Cutter and common .. Vealers (All weights) Choice (All weights) Good (All weights) Medium Cull and medium Calves —Receipts, (250-400) Choice Good Medium Common Feeder and Stocker Cattle

453—

Uy =300 De nun c335

Steer (500- -800) Choice 8. 0040 7.500 w

(500-1050) Medium Commeon Heifer

(550 27500 Good and cholce.. Corumon, medium SHEEP AND LAMBS —Receipts, 1037— Spring Lambe. h .e .

0 i oD ouvnNSD 38 8

233 @-00

Ewes— Good and choice Common and medium

oS rare wo oume

03 nN

FT. WAYNE. July 21 (U, P.).— Market, lbs. $10; | $9.80; 220-240 lbs., 260-280 1bs.. 30: 325 lbs., $8.80: 325-350 lbs, | 1hs., $9.65, 120-140 Ibs. $9.15; | $8.90.

Roughs, $6.75: stags, $5.75: FE ng $8.50; clipped lambs, $6

. 14 100- 120 lbs.

calves, $9;

LUMP SUM

$100 to $5,000 to those desiring

3 W. Ohio St

39% With Insured Safety for Your Surplus Funds

INSURED 13 $5,000

Certificates earning same dividends are issued in units from

SAVINGS &€ LOAN ASSOCIATION

of Indianapolis 1/5 Block West of Meridian

Chart Shows “Growth of Surplus Funds

Compound Dividends

EVERY Account Is

INVESTORS

to invest surplus funds.

EDERAL

cattle continued |

| sendoff

ously predicted, the economists said. |

ON THE RADIO

TONIGHT 6:00—Rudy Vallee, WIRE. 6:00—Men Against Death, WFBM. 7:00—Pulitzer Plays, NBC. 7:00—Toronto Symphony, WIRE. 8:00—Bing Crosby, WIRE. 8:30—American at Work, WFBM.

Anglophiles will have to follow the advice found in the famous old Harry Lauder song, “It’s Nice to | Get Up in the Mgqrnping,” if they

want to hear King George VI to- |

morrow. CBS and NBC-Red will | broadcast “speeches and ceremonies | from . Villers Bretonneux, France, | from 6:30 {0 7:45 a. m. The program will originate at the unveiling of a monument erected by the Australian Government. The King will deliver an address as the radio highlight of his postponed

state visit, and President Lebrun of |

France is to speak briefly. 5

Tonight is your last chance to | catch the off-beat banter of Bing Crosby for the next 13 weeks. It’s time for Bing's annual vacation, and the crooner is going to concen- | trate on his Del Mar race track without any need of worrying about next week’s script and guest stars. Meanwhile, Bob Burns, a capable substitute, will be the program’s one-man glad hander, heckler, raconteur and bazooka artist. Assist-

” »

ing him through the sultry season | will be the Foursome, a quartet of |

o n =»

Next time back she did it again. Tonight

the diva plans to play a harmonica in celestial harmony with the Burns bazooka. Another guest will be Fay Bainter in her first radio appearance since her recent and resounding success as Hannah in the movie, “White

Banners,”

o # #

Edward Everett Horton, who's on | his way to Europe, will stop off for a performance on Rudy Vallees show tonight. The screen funny man will take a flier.in classic comedy | when he essays some excerpts from Moliere’s “Le Medecin Malgre Lui.” Comedy of more current vintage is to be provided by -Col. Stoopnagle and Eddie Garr. » ” »

Victor Bay has arranged for you | to see the forest in music, despite the trees. On CBS-WFBM at 8 | p. m.,, he will conduct the following program: “Deep Forest,” Mabel Daniels; |“By a Lonely Forest Pathway,” | Charles Griffes; the “Forest Murmurs” from Wagner's “Siegfried”; “Waldeinsamkeit,” by Brahms, and | Strauss’ “Tales From the Vienna | Woods. ” Mary Eastman, soprano, is | soloist. » ” ”

On WIRE at the same time, you [may hear an hour's music by the Toronto Symphony Orchestra, Reginald Stewart conducting. On the broadcast program are Brahms’ Third Symphony and the Sainte | Saens Cello Concerto, with Marcel Hubert as soloist. . Alfred Wallenstein’s Sinfonietta program, on MBS-WGN at 6 p. m. today, "fea | tures the Beethoven Symphony No. 1, and some of Dvorak’s Slavonic | Dances.

2 #” un

THIS EVENING

(The Indianapolis Times (s not responsible for inaccuracies (mn program

nouncements caused by station changes after press time.)

INDIANAPOLIS WFBM 1230 (CBS Nei. )

INDIANAPOLIS WIRE 1400 (NBC-MBS)

CINCINNAT Ww

CHICAGO L WGN 720 (NBC MBS)

(MBS Net.)

Four Noles Marun's Or. Doris Khodes

Tea, Tuopes

253

Tune Twisters Nina Dean

Martin's Or. Happy Gilmans Paul Douglas Lowell Thomas

Bill Anson Weber's Or. Sophisticated Orphan Annie

Christ. Sel. Easv Aces

Yakieties

LD | = 2

Hand | ahha

ws Baveiolony

-— or

Boake Carter

Don Winslow Barber-Denton Sports

Sweet & Serenade Hob Elso Inside Sports

Men-Death

Bohemians News

Rudy Vallee ” LL

-- SD

Rudy Valles

”» ”»

Sinfonietta Green Hornet

Ma jor Bowes y " J »

yy *3a3

»” ”

Promenade Symph.

Symphony Or. » »

Crosby’s, Or.

Field's Or. Tomorrow's Trib

Musie Hall ” »

5353

Musical JEssa vs At Work,

Musio Hall » ”»

Concert Or.

" Weber's Or.

73 |

Sports Sereenscoons Marshard’s Or.

Amos-Andy News Baseball |

e000 | »rx® adadnter SAND

- or

”

Carlsen’s Or. Fields’ Or.

Amos-Andy Varieties State Fair

”

Moore's or.

News Long's Or. Jurgen’s Or.

“wow

P. Sullivan Sweet Adeline Moore's Or.

Kygser's Or.

Grier’s Or. ’ »

H. Henderson's Or.

Molina’s Or. Gendron’s Or.

Dance Or.

Hang’s Or.

LCE ass

Review Agnew's Or. Livingston’ s Or.

Agnew’s Or, " " Pirro’s Or. » »

pl ANAPOLIS WFBM 1230 (CBS Net.)

FRIDAY PROGRAMS

INDIANAPOLIS WIRE 1400 (NBC-MBS)

CINCINNATI WLW 700 (NBC-MBS)

CHICAGO

Devotions

Early Birds '. ” Market-News

Organ Music Box Revelers "

Musical Clock

Dessa Byrd ews

— sl ad | os

sedated | A 3

Good Morning Conn Nt Pryce Good orning

Merrvmakers Peter Grant Gosnel Singer Hollywood News

Kitty Kelly Mvrt-Marge Serenade Stepmother

Ruth Carhart Apron Strings Bix Sister Real Life

Mrs, Wiggs Other Wife Plain Bill

»® fos =D | = SSNS | wo

David Harum Lorenzo Gene Austin Linaa’s Love

Woman in White

fanes

Betty Crocker Myrt-Marge Hilltop House Betty-Bob

Crane-Jovee "” »

Melody Parade Organ

Get Thin Children State Street Painted Dreams

Goldbergs Vic-Sade Short Story Life's Road

Temnpos

Suis gaumisc oats POTION OD IG

ome

Dessa Byrd ” ”»

News Grier’'s Or.

Irene Beasley Mrs, Fa rrel

Editor's Daughter O'Neills News-Weather Farm-Home

Manhattan Mother Pe Violin Rvan Mail Box

Singing Sam Welcome Farm aour

Bohemians

Farm Circle Farm Burean

Melodies ews Navy Band

Betty-Bob

Valiant Ladv Belty Crocker

Wise

dk ed

Grimm's Daughter

”» ”» » ”» Livestock Jack-Loretia

Happy Gang Melodies services ”» -»

Harold Torner io You Like June Baker Melody Time

Linda's Love Grimm; s Daughter Valiant Lady Kitty Keene

Summer Theater i" “ Headlines

Varieties Varieties

Revue

Backstage Wi Stella Dallas ughesreel Art Tatum

Top, Hatters Variety Show

Eton Bovs Economics

1909190 ro

Crossroads Hall When You What ra Tike

Light's Or. Bohemians Tea, Funes

Rainbow Trio News Boy Scouts

anal woo

WIRE Reporter

Kemper & Co.

Romances Our Quartet Stokes’ Or. Leadoff Man

Baseball | ” "”

Marv Marlin Ma Perkins Young's Family Guiding Light

fe Harding’s Wife

Hatterfields

Houseboat

Man of Mars

Bill Anson Melodies Airliners Orphan Annle

Tune Twisters

Lowell Thomas

KEY NETWORK STATIONS (Subject to change): NBC-BLUE-WJZ, 760; WOWO, 1160; NBC-RED—WEAF, 660; WTAM, 1070; CBS—WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 776. MUTUAL-—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 650.

WENR-WLS, 870; KWK, 1350. WWJ, 920; WMAQ, 670.

CROSSWORD PUZZLE

HORIZONTAL -

i Man who propounded the theory of

Answer to Pr

L|O Xl

| 40 Preposition. | 41 Grain.

evolution. 12 To immerse. 13 Cow’s cry. 14 Fortified wall. 16 Coffee pots. 17 Moon valley. 19 New star.

All

DIE

mental. $3 Inner sole. 55 Poison. 87 Mineral spring. 58 Forbidden by social usage. 59 He was by birth. 60 His —~——s made his theory famous.

VERTICAL

1 Apple center. 2 To pursue

27 Interior. 30 Homing pigeon. 33 Conceited. 34 Half. 35 Perfume. 37 Subtracting. 38 Upright shaft.

43 Pertaining to the palate. 48 Sun god. 50 Sound of SOrrow, 52 Weakly senti=

17 Tatter. 18 Ell. 21 By. 22 Tree. 24 Punitive: 26 To assert as & fact. 28 Wood demon.) 29 Insect’s egg. 31 Males. 32 Mooley appley 36 Knock. 37 Sickness. 39 Beret. 41 Valley. 42 Pealed. 44 Luxuriant. 45 Venomous snake. 46 To melt. 47 Affirmative’ vote. 48 Indian harvest 49 Soon. 50 Farewell! 51 Sun. 53 Rodent. 54 Poodle. 56 Third note in scale. 58 Seventh note in scale.

evious Puzzle

S|A N

1 T

prey. 3 Onager. 4 Musical note. 5 To eject. 6 Shoe bottom. 7 Puppet. 8 Railroad. 9 Tumor. 10 Heathen god. 11 Wheel hub. 12 He believed in the of the fittest. 15 One who follows nature worship.