Indianapolis Times, Indianapolis, Marion County, 23 July 1938 — Page 13

SATURDAY, JULY 23,

1938 _

% ICKERS LAG AS STOCKS PUSH UP IN LAST MINUTES

Metal Issues Lead Strong Final Rally; U. S. Steel Up.

NEW YORK, July 23 (U. P)— Metal shares led a strong rally in the last few minutes of trading on the Stock "Exchange today. U. S. Steel equaled its high at 623, up 1% points. All groups participated in the rise. the last quotation did not appear until #0 minutes after the closing gong sounded The whole list went higher with’ the industrial average reaching its best level since Oct. 7, 1937, and the rail average the best since Feb. 25. Improvement was reported in most. of the steel centers Chicago reporjed it would operate next week at 37/6 per cent of capacity, against a present rate of 35 per cent and 26.7 per cent a month ago. Pittsburgh will start the new week unchanged but a rise is anticipated. Buffalo stepped up operations.

Railroad Stocks Firm

Bethlehem steel touched 60% and fhen rose to 61% where it was up 11. Railroad stocks firmed while railroad “bonds rallied in active turn- _ over after an early decline. Coppers were aided by firmer prices for copper metal. Case made a new high. A nerican tobacco issues again made new tops. General Motors made a new high at 43, up 13% points. Chrysler rose to near 73 against a previous | close of Tl7%.

DOW- JONES STOCK AVERAGES 80 Industrials

Ago High, 1938, 143.67: low, High, 1937. 19440; low, 113.64.

20 Railroads Today Yesterday

Hien. # 03s; 32.33; low, 15.00, High, 1037, 64.46; low, 28.91.

15 Utilities Today ..cs..0- . Yesterday

High, Goss; 22.33;

High, 1937, 37.54: low,

Yesterday . Week Ago .. . 20 ....

r Ago . 64 Yeah. 1938. 47.43; ‘low, 31.10. High, 1937. 69.61: 9.67: low, 38 38.87.

Cu 5 Stocks

Net Loy "Close Change 10015 + i pt

+

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‘103% *=110%4

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U. S. es

WASHINGTON, July 23 (U. P.).—Government . expenses and receipts for the current fiscal year iproush Js 21, compared with a year

z This Yea Expenses $ 575, 184, 642 Receipts. . 3 298,74 Gross get. 361.8 5.9 Net def. . 361,748, 5( _ Cash bal... 2,142 2 Work. bal.. 1.552, Pub. debt 37.115 23 Gold res. « 12,995, Custo!

"000 $ a 13 0.80 290,663,623.92 .20 ia ais 788.21 20 194, 238.21 41 2,590, 3. 277.29 4 919,263.671.95 ‘57 36.855.039,452.87 .23 12,404,187, 5 99 SO ; 29.68 26,283,441.30

ous CLEARING HOUSE Clearings ssceeccvercccesns eee.$2,912, Debits 5 ees 38.257.000 | A

—For Week—

Siearings Debit.

LOCAL PRODUCE

Heavy breed hens, 1l4c; Leghorn hens, llc; heavy breed broilers. 2 lbs. and over, 13c: Barred and White Rock springers, 2 lbs. and over, 15¢; coolred s ringers, 1%2 lbs. and up, 13c; Leghorn broilers, 1% Ibs. and over, llc; bareback broilers, 9%¢; old Yes o ictly fresh t 0. strictly fresh country-run eggs, /11e: (each full case must wiegh 55 Re gross. A net deduction of 15c¢ for each fui case under 53 lbs. will be made.) Butter—No. 1, 28@28%ec: 2) 2. 256%@ 26¢; butterfat—No. 1, 21¢; No. 2, 19e. (Prices quoted by Wadley Co.)

CHICAGO PRODUCE

Potatoes Subplies rather liberal, demand n Cobblers st light on i= h hite : market steady: Cobblers, 85a 1 ¢. best quality, ansas Cobblers, 65 Ged0c best Rt FR Cl TR GER 1 $1.65: Ja

1.90: Commercials. Bliss Triumphs $1.65@ on Ly Oana: shipments,

rr aol A ivals,

SAFE DEPOSIT BOXES

* The % Indiana National Bank

of Indianapolis

INDIANA TRUST CO.

Alllad With

Tickers fell behind and |

ES aves artes ininnss 319.]63.000 48,969,000 .

a.

PORKERS REACH NEW 1338 HIGH

200 to 210-Pound Hogs Go To $10.30; Receipts. Are Light.

The most uneven trade in months featured limited suplies of around 800 hogs here today, aceorging to the Bureau of Agricultural Economics. Holding out until a late 2 hour for a recovery from yesterday’s losses on heavy hogs, trading finally wound up anywhere from ‘5 to 30 cents- higher. Weights from 160 to 240 pounds were up 5 to 25 cents, with heavier averages 15 to 30 cents higher. Light lights from 160 pounds down advanced 25 cents. An extreme top of $10.30 was reached on 200 to 210 pounds, a new high mark for the year to date. Not enough packing sows were on hand to definitely establish values. Receipts of only 50 - cattle here were insufficient to make a*market. Compared with the close last week, current values on strictly good and choice fed steers and yearlings are steady to strong, with other grades weak to 25 cents lower. Heifers are mostly 25 cents lower, choice grades being scarce throughout the week. Bulls are weak to 25 cents lower,

vealers steady and stockers and

feeders 25 cents lower. Top steers this week ‘reached $12.50, with bulk of the good and choice kinds from $9.75 to $11 and plain and medium sorts $7 to $9.60. Best heifers sold at $10.25, with bulk of the fed crop from $8 to $10. The late practical top on vealers was $9.50, with a few selects reaching $10. Sheep receipts today numbered only 25 head, leaving the market without a test. For the week, spring lambs show gains of mostly 50 cents, with other classes scarce and unchanged. The late top on choice ewe and wether lambs was $9, with the week’s bulk of good and choi grades moving from $8 to $9. Buc were usually sorted out at a di count of 50 cents to $l. cleared from $2 to $3 mostly.

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Slaughter Pigs— (100-140) Sol and choice..

—Receipts. Steers (750-900) Choice ... (900-1100) (1100-1300)

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50—

Feeder and Stocker Cattle

Steers— (500-800) (800-1030) (500-300) (800-1050) (500-1050)

Helfers— . (850-750)

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Good and cholce. . Common, medium SHEEP AND LAMBS —Receipts, 256— Spring Lambs— Choi

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Ewes— Good and choice .... Common’ and medium

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"FINAL NEW YORK STOCKS

. By ‘United Press.

eB High Low 12% Ya 64 11% 43 12% 12% 19% 176%; 14 1 53 18%

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Bala Loco #5. 11% Balt & QO .

Beatrice Cr Beld Hem .... Bendix Avn .... Ben Ind Loan.. Best & Co

pi... Bigelow San -... Black Decker .. Blaw Knox ... Boeing Air ..... 3ohn Al&Br .. Jorden ....... Borg Warner .. 3ower RB Bagept Brass .. 3klyn-M T ...

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15 ACTIVE STOCKS

High’ 4818 0% 5 4% 3614 8% Mn 19% 10% 12 60% 4% 8% 20% 2

= Low Gen Motors Central Fdry.. Anaconda i 31% Standard Brds. 8% Chrysler Loe 18% Yellow Truck . 207% Paramount ... 11% Patino Mines . 132 U S Steel...... 623% vu Rubber... 45% Amer Zine .... 94 N Y Central .. 21% Loft 2% Warner Bros . 17 64 Radie Corp di A 7

Stock sales approximated 680,000 shares against 630,000 shares in the short session a week ago. Curb

stock sales were against 69,000 a week ago.

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By United Press

BOND PRICE INDEXES 20 20 20 Inds. Rails § Utils. Today .....;... 86.1 63.1 98.0 Yesterday ..... 86.1 2.3 97.9 Week Age 84.8 59.1 9%1 Month Ago .... $1.0 54.1 2.7 xX 91.3 934 101.8 Two Years Age 91.1 94.8 106.0 1938 High ..... 86.1 70.0 97.9 1938 LOW ...... 4.9 479 913 95.0 101.2 106.0 80.1 63 923 ‘94.8 100.4 106.2 90.0 847 1033

@ Bonds 82.4 hae 80.4

vs

1937 LOW cceeee 1936 High ..... 1936 Low .....¢ *Now high. (Copyright. 1938, Standard Statistics Co.)

11 MOST ACTIVE BONDS Net Month Year Close Change Age B&O 4s 60... 28 + % Hn Erie ok 1% + UU 14% Me Pac 8s F717... 22% + % 19 39% Cen Pac ist 4s49.. 1% +4 1% 64% 109% Chi Gr W 4s 59... 21% + % 19 39% Ch MStP&P Bs 6.11% + % 9 24% Ce Edis 3'%s Je 7h + 8 Mob © 5s ’38 + % IT&Tev ABER vin NY © StL 413s C8 463% . +1% 8 ‘Rail Gen 4356 . a + %

‘Bond transactions approximated Myon, Syainmt $3,000,000 a week

il

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# being pushed aside. The obstacle is

PERSISTS FORCES

| write music.

s | of a hearing.

°| pearance

| listed offerings

:| phony No. | Smetana’s

| and the “Spanish Caprice” of Rim-

Ya

7 ® “Good Music” by James Thrasher Little by little, the serious American composer's greatest obstacle is

the difficulty of getting a hearing of pretentious works. And the valiant laborers in overcoming it are the 3

orchestra conductors. One of them is Fibien Soviithy,

cluded at least on ude it two of the season's proms. Another is Howard Barlow, e CBS conductor, whose: efforts |’ he the real subject of the present tion. t Liem “Everybody's Music” series, which’ you hear each Sunday on WFBM at 1 p. m, ‘Mr. Barlow has two interesting projects under way for the summ The first you doubtless are liar with. That is the performance of six commissioned works by eminent ‘American composers. This is the second season of commissioned premieres, and the first of the’ year's crop was heard

ject on the Builow t ns tomorrow. Just as interig veers more inclusive, it is a sort of musical “glorification” of the Smiths and Joneses Since he announced & call for music\by unpublished American composers on June 20, Mr. Barlow has been receiving manuscripts at the average rate of two a day. Of all these, the conductor says that ‘about six of every eight are worthy

There's Really a Smith

Appropriately enough, the work of Her: ae 's Smiths—Miss Julia of Denton, Tex., ‘to be exact—will be heard on: tomorrow's program. Miss Smith will be represented by an “Episodic Suite.” ‘Also included is a Partita for solo. violin and flute with orchestra, by Paul Creston of Sunnyside, dos Island; N. Y. Both composers h fellowships in composition at i Mr. Creston’s is from the Guggenheim Foundation, and Miss Smith's, from the Juilliard School of Music. :

2 = »

Having dis d of a guest ap2 iis Philadelphia last night, Willem van Hoogstraten, the Portland Symphony’s conductor, will deploy his talents on familiar ground tomor-. row evening at the Lewisohn Stadium in New York. A generous two-hour program will be broadcast, which you may hear through WFBM beginning at 6:30 p. m. Included "among the are Beethoven's “Egmont” Overture, Brahms’ Sym4, the Overture to “The Bartered Bride;” Weber’s “Invitation to the Dance,” and twd other prime favorites, De-. bussy’s “The Afternoon of a Faun,”

Orchestra

sky-Korsakov.

CHICAGO GRAIN ' Wheat— RANGE 19%

Sept. «.cveie 8 70 $ me $ 1% $ oo T3%

oh May Ta PR

Corn— Slept.

Prev.

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58% 87 58%a 59

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LOCAL L GRAIN

CASH Wheat— Marke , weak: Soseinte. 57 ear.

2% @63%4c 2 siliaetle. No. Jeane 63S, abi: No. 2 dora: 3 . §1% a rn_Mar Ios So No. 3 flow. “Sia

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white, 200; @22%c.

WAGON WHEAT City Bian Rlevators are baying tor No. r

821 | ¢

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r Cash eorn, new 0. 2 yeliow, 52c. Oats, 20c.

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Spencer Tracyt to Match His Acting Ability With Charlie's.

TONIGHT

5:00—Richard Himber’s Orch, WIRE.

6:30—Philadelphia Orch, WGN. |

8:00—Hit Parade, WFBM. 9:00—Cincinnati Opera, WLW.

TOMORROW

10:30—Chainber Music, NBC. 12:00—Magic Key, WIRE. 1:00—“Everybody’s Music,” WFBM. 6:00—Charlie McCarthy, WIRE. 8:30—Round Table, NBC-Red. -9:30—Hobby Lobby, WIRE,

National Commander Daniel J. Doherty of the American Legion, heading homeward after addresses in the East, will speak before the Ohio American Legion’s 20th annual convention tomorrow. The speech. will be fed to MBS by WLW at 11:30 a. m., but will not be carried by the Cincinnati station.

” " ”

It ought to be a great day for She red-headed Irish when Spencer acy meets Charlie McCarthy for their first radio skirmish tomorrow

[Works of American Composers | to Be Spotlighted on WFBM Tomorrow; is Address to Be Broadcast

® award-winning actor ‘will do 4 drae matic sketch with Edward Arnold.

‘Swing fans should sit up and take notice at the news that Adrian Rollini, “hot” vibraphone virtuoso, will be guest on the CBS-WFBM «Saturday Night Swing Club” at 6 p. m. today. Mr. Rollini, who was

playing swing before the word was

coined, also will bring along his “goofus”—an instrument which no one has quite succceeded in describe ing. So youll just have to hear it.

2 % =» Carl Hoff will rejoin “Yow Hit Parade”: tonight for his fifth en-

| gagement on the long-time series.

Featured with him will be Alice Cornett and Fredda Gibson, who sing swing and sweet, respectively; Buddy Clark, baritone, and the Songsmith Quartet. (8 p. m., CBS~ WFBM.) 2 8 =» A concert by His Majesty’s Cold stream Guards Band may be heard on Mutual at 7 p. m. tomorrow, shortwaved from London. . You'll meet the band in person if you're going to the World's Fair in New York next summer. 8 8 8 . In the drama line, you may hear T. 8S. Eliot's much-praised “Murder in the Cathedral” on the “Columbia Workshop” spot—=5: 30 p. m. today,

night. In avdition the Academy ® an

(The Indianapolis acuncements caused by

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Kindergarten Ink Spots G o.P.

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THIS EVENING

Times is not responsible for [nseevrasisn in program ane station changes after press tim = :

_ INDIANAPOLIS WIRE 1400

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Paul Douglas Barron's Or.

Serenade Swim m Meet

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Paul Sullivan Donahue’s Or. Birthday, Party

Bob Elson Inside Sports Heidelbere Or. Dell Concert

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Hawkin’s Or. Reisman’s Or. ” ”

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SUNDAY PROGRAMS INDIANAPOLIS WIRE 1400 (NBC-MBS)

CINCINNATY WLW 700 (NBC-MBS) *

Children’s Hour

: AGO Fon I (MBS Net.) Silent

Rugsian ,, Musie Forum:

Concert i. ” ”

Child Stories Feld Sisters Charl les Paul 4 -

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Don Pedro ings

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Music-Fun Laugh Liner

Catholic, Hour Guard Band

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Phil Cook » ” Passing JParade

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World Dances Stadium Concert

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Radio Cite Darwin’s, Or.

Magio Key » » al Sanday Drivers Waltzing

Trib. Comics B58 Pe Nifiers Or.

Charlie-Jane

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Leadolt Man Baseball

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