Indianapolis Times, Indianapolis, Marion County, 27 July 1938 — Page 15

Month Ago ....

WEDNESDAY, JULY 27, 1938

~ UPTURN TRAILS |

20-HOUR BREAK IN N.Y. STOCKS

Tickers Fall Seven Minutes Behind in Midafternoon + Slump.

NEW YORK, July 27 (U. P)—A mild rally developed in midafternoon dealings in stocks today after prices had fallen 1 to 3 points in a second-hour break which forced tickers seven minutes behind the actual market. .U. S. Steel held around 59%, off 11, point net, in midafternoon following an early drop. from 67% to 58%. Chrysler, which dropped to 683% from an opening high of 73%, steadied around 693, off 2%.

Greater Stock Demand Is Held Likely

NEW YORK, July 27 (U. P.).— Brokerage opinion today— : Shearon, Hammill & Co.: With U. S. Steel's dividend meeting 08 of the way, and in view of the manner in which the market resisted selling yesterday, we are inclined to expect a more insistent demand for stocks. The market, we think, is acting well. J. S. Bache & Co.: Although the market may for a time become a more leisurely affair, and consume longer intervals for consolidation

purposes, it remains our impression |g

that the underlying trend continues to point upward, and that minor reactions would invite a good demand.

Chamberlain’s Speech Firms London Mart

-LONDON, July 27 Prime Minister Neville Chamberlain’s foreign affairs speech in the House of Commons last night played a dominant part in influencing firmness in security values on the London Stock Exchange-today. Decision by U. S. Steel to pay the reqular quarterly dividend on the preferred stock had a buoyant effect on American shares. U. S. issues firmed under lead of. “big steel” and Chrysler. The American equivalents of those issues advanced 11-16 and 1 13-32 points, respectively, over yesterday's New York closings. Other American issues had smaller gains.

.N. Y. Bonds

BOND PRICE INDEXES 20 20 20 60 Indus. Rails Util. Bonds 62.9 98.2 82.5 61.3 7.8 81.6 54.9 95.1 93.1 101.8 95.1 106.0 0.0 98.2 47.9 87.3 101.2 106.0 69.3 92.3 1936 High 94.8 :100.4 106.2 100.2 1936 Low 90.0 84.7 103.5 93.3 (Copyright, 1938, Standard Statistics So.)

Yesterday 36. Week Ago 85.8 81.2 91.4 91.4 86.5 4.9 95.0 80.1

Year Ago ... . 2 Years Ago... 1938 High 1938 Low . 1937 High 1937 Low

91.5 82.8 90.7 100.7 81.1

U. S. GOVERNMENT BONDS Treasury Bonds

Home Owners Loan Bonds 102. 32 102.22 }

3riges Bklyn-

W. Py—~1]

Ches oO hi Mail & Nw

Indiana Electricity Output

(1923-1936—0)

1930

1931

1932

1933 1934 1935 1936 1937 1938 indiana Usivergity Bureau of Business Research.

N. Y. STOCKS

By United Press

\dams E \ir-Way

Allis~Ohal

BHBBBEBBBBR HEREBY >» os —

\]legh Corp \llegh Steel vee} d Mills ..

ie: s Allied Stores ... «1

Abbott Lab .

Am Loco Am Mach&Fdy. Metal

Smelt Stl Fdies .. Tobacco ...

Aust Nich

Jucyruss 4 udd Mig

h hickasha

Com Credit Com Inv T

3arber Asphalt. B

org-Wwarner .. ower vn 3dgept Brass .. Jig - tive Bklyn&Q Tr ...

Judd Wheel ... 3

7 of. 2 an

Caterpillar 7. Celanese . ‘Cent Foundry .

hie Order Ry . .

vee

tdison of.

Con Gon. Textile ‘ed Cont Bak A

Cont Bak B ..

Curtiss-Wr

Equit Bldg Erie

106. 5 o Firestone

FOREIGN BONDS High 0 g

seasons. 3

Austria Ts 57 :.

DOMESTIC BONDS

alls op 53 49 . : B & O 4135 60 CV or... 24 Ch B Qu 4%s 17° Ch T haute inc 5s . N Y Cen cn 4s 98 No & Sou 5s 61 M) Penn RR*6s 68 Rep Stl 5Y2s 54 . Studbkr 6s 45

Curb -b Stocks

Duke Power G & Fuel pr pf

es aot BD

Iockheed Air cevesseee Lone St ar Molybhden ‘ess Nat Container caseseee

Ted) Wilson Jones

Chicago Stocks

Adame oil 2 gas &

Co . Aviat ... Borg-Warner .c..cceeeee Butler Bros ... Ghat t & SW ut

Gen Houdaille-H B seceeseen Cent RR ..ccoeuesee escent 13%

Zenith

FORGIGH EXCHANGE NEW YORK. July 27 (U ~Foreign

exchange irregularly lower, een are noon cable rates on major surreneiest

ensiatidd. ¢ & L543 ves 1 un . Canada (dollar) ... 99% France (franc) .... taly (lira) caves elgium (belga) A

Change —.00% +.00 1-64 —.0000 1-16

rmany (mark) Ger. (travel BS wlizer and (franc) ilder) ..

BANK STOCKS

Bid. Asked. of Am . 48 50 of Manhattan .. 16% 18% NY. ust. 382 370 hn 89

Bev gi, 3% 13Y, 14%,

vee 51% 52%

: 1 eos +1740 1780 241 246

in In

Greyhound

Cont-Dia F Cont Oil Oel .

City 7.1 Crane Co 95.5

Davison Chem..

| Douglas Air .. Dresser B Du Pont 130 Du Pont deb....

Fed Dep St . T

Flintkot Fost-whi pt

Gair Robt .... Gen Am Inv

Gen n Electric . Gen Foods .... Gen G&E A

p..

Ham Watch . ses

Hat Cor;

Hayes Bdy .

ces .

Hecker Prod .

Homestake ... Houd-Her B ... Houston Oil ... Hudson Motor .

Ill Central . Inspiratn Cop Int erchem erlake Ir ... Harvester . Hyd s t M Marine . Int Nickel .. 5 Int T&T

1 1 Kan C Sou .... 1 21% Roey Haves ‘A 2 1

Loft. Inc Lone Star

Ludlub Stl

PORTIS ¢ »

PITRE =

Penn . 3n 38 Ind . NY Pe eniral oes C_& SL Omi Bu Hn

NY NH & H Nor{&wW pt... aed

No Ame Tavn oe isk No Pacific

ev Steel

Rub.

see seve

Jones&Lgh 7 of.

Kelsey-Haves B. Kenn Kresge }

Leh y = vor .eh Val RR Ligg & My B'. 10874 i Loc 36

Cem 555

Loose-W_Bis 5pnf 3%

ack Tr ..

cCall Corp ...

9 314

19 . 20% Ya

Omnibus reieer 1 is El

wa FEEER #

>I Rn BGs Set

on Qe SW

87) 10314 8

a oneage 30 INDUSTRIALS

Yesterday cesses .143.33 Week AZO ...cccocsecssccccss 141.84 Month R80 -c.cecevcoascssss 138.57 Year ago veer 182.57 High, 1938, 144.91; low; 98.95. * High, 1937, 194. 40; low, 113.64. 20 RAILROADS

—1.58 ~1.83 +5.49 1.67

Yesterday Week: 880 ccccccccraccccscccs 29.60 Month 280 ...ccco00p000s.00. 26.18 Year ago .....occeceee caves is 52.52 High, 1938, 32. 33; low, 19.00. High, 1937, 64.46: low, 28.91. : 15 UTILITIES Yesterday .cccceccscosscccens 21.72 Week R20 .ccovccosscccscsces 22.25 Month ago esesinsessnvessses S121 Year ago ....cce. High, 1938, 22.55: low, 15.14. High, 1937, 87.54; low, 19.65. 65 STOCKS Yesterday Week ago ....... civeves Month ago . Year 880 ........c.00, ee High, 1938, 47.93: low, 31.10, High, 1937, 69.67; low. 38.8%.

PELE LE LE FH HH

High Low Penn RR 223% ! + Ya Pere Mqt pf ... 33 + 1 Pere Mqt ur of. 37 weve Pet or Am 12 1 + Ja © 35% + 1 4 4 v — Ya

I: HE

De Public Pdi .

St Jos Lead.. Schenley Dist . Sea 1 Sears Roebuck . rvel Inc ...

4 Ya

Sharp & D Shell Un Oil . Simmons A Socony-Vacuum. oo South P 20?

FERESS SF

Spiegel Inc .... Spiegel Inc pf.. Std Brands .... 8% 3td Brands pf. 1102 Tob ph

t 3td G&E 7 pf.. td. O Cal

+ J Dbl EERE Pag

+H BEERS

Ape1lo or oil . uperior ga oe wift & Co

4: = wes

we A vee 18% Te Tenn Corp .... 1% Texas Corp . 47% Tex Sui Prod. 11 3 & PC £2, 0.. 11% Tex Pac a | Tide W A Lon . Timken R B .. 4 Transamerica Trans Tri-Cont . Tri-Cont bf . 20th Cent-Fox . Twin Coach ..,

s ; $ s s s 5 Su S S §

1h 18%

. . ’ oe . “ee . _saA

FED HIE HE r 32 ses

11%

Union B & . Union 2.5T .

TEEN Sasa

Vanadium . 3% Ya-Card Cl! 4% 4% Va El & P 6 pf. 12% 112% — We

le HEP] sa

Walworth ..... 9% Warner Bros . a Warner Br Moi: Waukesha ot. 10% Ia De 2k 30

/ B El 7 or Union Jest Air Bke -

| =

EE EE Ea

11: HEE + :

Wilson & Co ... 00a dward on. orthington “er

Yale & T

“ee 2% 312

Young Sheet .. 3% 301 Young Stl Dr . 20%

. .

DELHI HE

. .

Zenith Rad .... 23 22%

LOCAL ISSUES

(By Indianapolis Bond & Share Corp) The jollowing quotations do not, represent actual s or offerings, but merely indicate the approximate market level based on buying and selling inquiries of recent transactions:

Stocks

Belt RR & Stk Yds com Belt RR & Stk Yds pfd Cen Ind Power 7X pfd 1; Home Tel&Tel FtWawne 7%pid 52 H a nc com

22% +

po. =. 03.00 PENNS Ee

| - -- =

Bid Asked 52 24%} 54 13

"104 56 931% | La 98%

tl +H

rhe ane

A... 22 7% pid... £1 43% LS 11 td "9

EFS

Co Van Camp Milk ‘To pfd.. Van Camp Milk Co com. .\...

re) 00ND

r Loan 5s ° case 9 I Ind Te pi 6. ....10 Hi T&T

. .

SEE FER FOES

un oblesy Ht Lt & ry h 8y. *4

0 8 0 Publie Tel Co on, 56 97 Richmond Wat Wks 5% "59. ..103% Seymour Water Wks 5% ‘49 .100 T Haute Water Wks 5% ’'49...100% Trials ater Wika 8% '49...1 ac Term Corp BT ican _ *Ex-dividend.

(By M. P. Crist & Co.) Market St. Investment Corp.. 25.00 26.86

LOCAL PRODUCE

Heavy breed hens, 14c; heavy breed broilers, 2 Ibs. and over, 13¢c; Barred 2nd White Rock springers, 2 2 ibs. and over, 15¢; 1% lbs. and up, : de Lie lbs. and over, Ie} ; old roos!

Ar FEE HEE ELLE RL

. pear FER ER

colored s

T's, Leghorn bro

FEE REESE n ~y

+ HL EE I

ass

Bu Butterfat—No. 1, We rad 5 : (Prices quoted Hy S28 Co.)

Eanes Ford EE

DOW-JONES STOCK AVERAGES

5% @26¢. Peas Washingt

CORN GROWTH 1S ‘VERY 6000, BUREAU SAYS

Hoosier Wheat Thrashing Is Nearly Done; Need of Rain Cited.

uring the week ended yesterday ““yery good,” the Weather eau reported today. Wheat, thrashing, the report said, is about’ finished, with the quality continuing’

As the weather continues favorable for the growth, harvesting and curing of crops, oats cutting in the north part of the state and oats thrashing in the south are progressing rapidly, but the quality and yield is only fair. Commenting on the corn crop, the bureau said “there is much tasseling in. the central and south and considerable silking in the south.” Sugar beets are in good condition, the bureau said, and small acreages of buckwheat are being sown on field where crops were. ruined by flood in the southern Wabash area. Tobacco showed good growth and, although spotty, is in good condition with some topping in progress. However, mint is in poor condition “with but a small acreage reported,” the report said. The bureau reported further: “The weather was moderate the first half of the week, cooler during the middle, but warm the last day. Light showers, confined to the northern half of the state, occurred on Thursday and Saturday, with a few scattered showers Mo night in the northwest portion. “Sunshine was ample. The soil is moist to dry with rains needed in many areas.”

Occident Reports Rust In Montana

CHICAGO, July 27 (U. P.).—The crop report of the Occident Elevator Co. of Minneapolis says: “Temperatures during the week over our territory have been mostly warm to hot with very little precipitation in North Dakota but with showery days in Montana. The high temperatures were welcome to help force the crop to. maturity, although in northwestern Montana the combination of heat and moisture increased rust development. There is general alarm about the damage the grasshoppers will do, and farmers having binders or headers available will get into their fields as early as possible rather than waiting for combining. We feel as /a whole late ‘wheat has very little chance in view of the rust

| and grasshopper menace.”

COMMODITIES INDEX, SHOWS SMALL DROP

Decline Is. -Attribufed to Lower Food Prices.

2x FE tl

Times Special WASHINGTON, July 27.—The National Fertilizer Association’s wholesale commodity price index registered a small decline last week, dropping to 74.6 from 74.7 in the preceding week, it was announced today. A month ago the index stood at 74.1 and a year ago at 88.6, based on the 1926-1928 average as 100. Lower pricés for foodstuffs according to the associations were largely responsible for the drop in the all-commodity index. Declining prices for dairy products and most kinds of meats resulted in a moderate downturn in the food price average. The index of grain prices was lower again last week but the effect of this in the farm product group was more than offset by higher prices for cotton and livestock. The net result was a small rise in the index of farm product prices, taking it to the highest point reached since last March. : Building Materials Up The building material average again was higher with an upturn in lumber quotations being responsible for the rise. Price advances and declines were balanced in number = during the week, with 25 price series moving upward and 25 declining. In the preceding week there were 40 advances and 26 declines.

CORN AND WHEAT REGION OFFICIAL WEATHER By U. 8. Weather BUrean cust —July 37. 7 4. Mi oi State of - State o 8 low talon yeather

South Bend . ove

WheRtneld sense ABT hester ......'81 Marion assvesse BR fayett vessve-95 am idee, ois a» Vincennes saves D4

Rois, =: 8

Evansville aveses 93 Cloudy

DAILY PRICE INDEX

YOR 217 P.).—Dun & Bree Tia Tel nied price index of 30 basic comm oS compiled for nited Press 11930-32 ices 100): ERs dessnbassenne CEE ARO ..ccscivsscssetcnssstsscee Month 3 ago . “oe 1938 high (Jan. 10) os 1938 low (June 2) ...cceen

U. 8. STATEMEN T

WASHINGTON, July 27 (U. —Goyernment and Lecpty or the Jear through ~ 25, com-

Expenses .$ 661,57 661.34 $ 2 a, 419, 13 Receipts .. 28 Bhi i ; 204, 7h 527.27 . .93 2 29% 614, 1997. Cash SiH 2, 678. Work. Bal. 1 303.930 896, 828, 457 Sh D2 HUI tose 4s 3 18481.347. 347.78 31,621,319.

soi } CLEAKING MOUSE Clearings

sessessasboncaittecnncan

. FOOD PRICES

CHICAGO, July 27 (U. P.).—A - Michigan Du, bus bocoui is ppice Potatoes Tenncasde, bu. “tilings. ois,

25 (old. stock Rh , 306. PT 20-1b, fla $c. C i Ld BO x x s, $2. hball crates, 20@30¢c. alety

—Michigan,

THE INDIANAPOLIS TIMES

The growth of corn in Indiana |

52 815, 31300 :

PAGE i

Local Porkers: Still Uneven;

Veéalers Gain|

Another two-way: market featured hog trading here today, according to the Bureau of Agricultural Econom-

fics. This again resulted in an un-|

even market. Weights from 160 to 210 pounds sold 5 cents lower; 210 to 250 pounds, steady; 250 to 325

| pounds, 5 to 10 cents higher, and

heavier butchers steady. \ Light lights and pigs under 160 pounds were Ingetly steady to 25 cents lower, selling from $9.50 down to $8.75 for 100-pound weights. The top of $10.10 on 200-to-210-pound hogs was a nickel under. yesterday. Vealers moved up as much as 50 ‘cents ‘over prices early yesterday, with handyweights up to $10. The stocker and. feeder trade continues extremely slow, with dealers offer-’ ing ‘fair to good stock steer calves at $9. Packing sows worked 10 to 15 cents higher, most heavyweights going at $6.95 to $7, although extremely rough offerings were marked down to $6.50 and occasion-

ally below. Mediumweight ‘and light |

sows cashed largely from $7.25 to $8, with an $8.25 top on some smooth one-litter sows.

Cattle Trade Weak

A weak undertone prevails throughout the entire trading in the |g cattle division, and prices of slaughter steers and heifers ruled weak to 25 cents lower, more than erasing any gain scored in yesterday's strength on these classes. Cows went unchanged in a slow trade, with bulls weak to 25 cents lower. A

few big weight steers sold on East- De

ern account largely because of their weight, and strictly top cattle have not been affected in any recent weakness here. But the rank and file of good and choice steers and yearlings are under pressure, A car of choice 1224-pound steers at $12.25 topped today’s showing, with around 20 loads. of good and near choice steers and yearlings $9.50 to $11.50. Most heifers were medium and below at $8.50 down, a few loads short-fed at $9 to $9.25. Spring lamb prices again ruled strong to 25 cents higher, with the most improvement on good and choice offerings from $9 to $9.50. Common to medium sorts bulked from $7 to $8.50, bucks being discounted 50 cents to $1 under ewe and wether offerings.

Bureau Reports Record Crop of Lambs

WASHINGTON, July 27 (U. P). — The Bureau of Agricultural Economics today reported a record lamb crop of 32,221,000 head for 1938, nearly 5 per cent larger than the 1937 crop and about 7 per cent greater than the 1933-37 avearge. | The bur said the increase resulted from a larger crop in the western sheep states, since the crop in the native sheep states was a little smaller than last year. The native lamb crop is estimated at 11,029,000 head, and the Western Sheep states Produced 21,192,000 ea

. ®sesscsvsedene

Good (230-290) ‘Good Pes Sion king Sow. 2 ras: 550) Medium eosssisess 25) Good

ssesesse ss

OOOO

no:

(275-350) Good Slaughter Pigs— (100-140) Sood nd cholce. .

8scessesssvan

—Receipts, 1136— Steers C olice CRN noice Choice Choice Good Gooc¢ (1100- 1300) Gooc (1 300-1300 Go

0G (750 ) Med (1100-1300) (750-1100) Common (plain) : Heifers

sset senses e0c000ir0es escsscnscss ses00e000acse essssssessnna

PIIBOOORESS 2229232232% 233009389

an S

383 998 9

(7150-900) d (550-900) M (550-900)

Medium oes Comm . Low Cutter and cutters ... Bulls Yearli Excluded (all wel ht y | Good (beet) Be 6.50

ae weights) “Mis Madium asses — (All weights) Choice .c.co.. « 15 00 (All weights) Good : (All bi Medium Cull and medium

—Receipts, 615— (250-400) Choice sd

Medium .. Common

Feeder and Stocker Cattle Steers—

1500-800) (800-1 1 -

® saan 5293 Sd 100 g3us

8 or

hoice ... *hoice ...

ibid pd Sn add

Common Heifers— (550-750) Good and choice . Common, medium SHEEP AND LAMBS —Receipts, 1477— Spring Jamba

28 S332 99 5559098

8% -wancmno 88 8833333

‘| tion supply

| 280-300 1bs.. 35e Abs. $8.30: De -$5.75.

WHEAT MOVES IN SHORT RANGE

Undertone; Corn Makes Small Loss.

CHICAGO, July 27 (U. P)~— Wheat prices moved in a narrow range on the Chicago Board of Trade today with the market displaying a rather nervous undertone. At the end of the first hour of trading wheat was unchanged to off 4, corn was off 3% to 5%, and oats were unchanged to % higher. Hedging pressure easily offset the demand and selling through scattered commission houses was evident. The early strength in the stock market and some apprehension over spring wheat prospects offered some encouragement to| buyers. Outside markets remained lower, though Winnipeg and Mingeapolis showed steadier tendencies after opening weak. ‘Fair export business in North American wheat was reported. The téne of the corn market remained easy due to favorable crop weather Jost of the belt.

WAGON WHEAT

Sevators are paying tor No. her grades on their merits.

ay gan,

Cant corn, new No. 2 yeL.ow, 52¢. Oats, 20c. |

LIVERPOOL WHEAT (U. S. Equivalents based on Sterling at $4.92%) Prev. Low Close Close v $ .95% $ .96% .82% 813 82% .82% 80% 18% .80%

9% oR OENTINE GRAIN

BUENOS AIRES. July 27 (U. P.).—Grain futures i lower today eat—Au ugus. 12%sc, off 120: September, ki 0 August, *§avac, off Vic: September, #1%c, Do Sais August. 3 28Y Blah unchanged —AURUS 0! Vac: ber, $1.18, off hy

* Septem-

Good ais Medium ....cc00000 Common .....

$0ssesestssces ssscsscce ssseesesesscnne,

Ewes— Good and choice oe Common and medium AEA

CHICAGO, July 27 ( Po Hogs Ra. ceipts, 14,000: directs, arkel, a even, stead 8s 15¢ lower; osay 15@15¢ off; top. ; good mand choice 180-200 1bs., [email protected]; packing sows, 350-450 1bs., @ 5,

3 Fi long fed steers scaling S., excessive; comparatively short run light’ yearlings, steers and heifers. these steady: re A Job. $12.75! some d at $13: only . loads long fed these $11. Bal 2.50; cofs and bulls here. ully steady: weighty sausage bulls, n. with outstanding $7.10@7. 15: vealers in every light supply. 25¢ or more higher: few $10. 38. most Jose 0. Sheen — Receipts, os 1900 directs: springers, active, “higher; natives Jovard to $9.4 S60 to local packers; a shingtons practically straight at ®. 190: one deck to small killers, $9.70; decks good yearlings. $7: s oD: steady: 2 Seek slaughter ewes, $3.25@

CINCINNATI, July 27 (D. P.).—Hogs— Receipts, 2850, including 350 direct; noldover, 75. Market, fairly active. Light lights pnd pies, 10 cents lower; top, $10.15; »-300 $8.85; 100-140 Ibs $8.50@ 5 23 Rood aching sows, $6. ttle—Receipts, 300; ‘calves, po keg Airy active. Small lot aro Ib. steers. $10.25; package lots yearlings, ’850-1b., $10; most medium to good grade steers and heifers grass and corn-on-grass, [email protected]; plain, [email protected]; very plain, $6 or less; plain, to medium beef cows, : oy good $6.50; cutter grades, [email protected]; practical top bulls,

he pts, - 5 sncluding 180 .di- + market, fully steady to strong. Most good and chofee spring -lambs, [email protected]; extreme early top, $10: Tedinm ,Frades, [email protected]; common down to $6.50; culls, $6 and less. Buck lambs, discounted. 50c @$1; slaughter ewes, mainly, $2@3; choice lightweights to $3.50.

YNE, July 26 (U.

steers sold.

0 | Mar ety “Spends 300-220 1bs..

lbs: $8: $9.50 -240 lbs. $9.70: 240-260 1bs.. $540; 260-280 lbs.. $9.10: $8.80: 300-325 lbs. $8.50: 32 $9.60: 120-140

$9.40: 100-120 Ibs. $8.85; roughs, $6.75: Culves, $9.50. Lambs. $8.75; clipped lambs, $6.

LAFAYETTE. July 27 (U. P.).—Hog market, uneven. Jaghs hogs. 5 to 10 os low=kinds, 5 10 ce Bulk, 160-200 1bs., $9. 20@9. 90: 200-240 Ibs.,

$9.70@10; 240-270 ibs., [email protected]; 270- 328

1bs.. 4 33.80@9. 10. Pigs—$9.50 down} roughs,

"Caives—sa. 50@9. Lambs—$8. 50@9.

'| $7.50

8 FURNAS ANNOUNCES

MILK PURCHASES

The Furnas Ice Cream Co., Indianapolis unit of the Borden Associated Companies, bought 10,235,360 pounds of milk, costing $165,189, during the first half of 1938, Manager C. J. Hill reported today. Purchased direct from 245 farms in Hancock, Rush and Shelby Counties were 3,623,862 pounds, costing $72,831. Purchases from Indianapolis' milk dealers totaled 6,611,498 pounds at a cost of $92,338. Co-operating in the disposition of this spring’s overproduction of milk, the company during the second quarter bought 7,078,271 pounds of milk for $103,577. More than twothirds of this came from Indianapolis dealers during the flush season.

RUBBER HITS 1938 HIGH

NEW YORK, July 27 (U. P).—|

Rubber futures jumped 35 to 55 points in active opening dealings today to the highest levels since Oc¢tober, 1937. Aggressive buying was encouraged by pronounced strength in London, where quotations advanced to new highs for the move-

| ment. Singapore also was. Sons.

~—guns—golf clubs—for a

for as long as a year. :

artiouiurs.

You can protect your Personal Effects: Bags and baggage—wearing apparel-—cameras—fishing tackle

period of thirty days for

‘but $6.00. The policy may be Sxtanded, of course,

‘You ‘are protected against “all risks” of loss or dam--"age which includes practically every possible hazard.

Whether ou] ‘travel ow automobile, boat, rail or air _you need such _protection—in this country or around the world. Remember our phone number—Harrison 3000—f or you can oider the policy by 'phone; or, we'll “be glad to huve a Fepresentative call to give you full

1 chestra in a broadcast concert to-

nts higher, |

TONIGHT

6:30—~Tommy Dorsey, WIRE. 7:00—Big Game Hunt, WIRE, 8:00—Symphonie Strings, WGN. 9:30—Paul Whiteman, WFBM.,

Boris Schwarz, last season’s concertmaster of the Indianapolis Symphony Orchestra, is to be soloist with the National High School Or-

night from Interlochen, -Mich. WENR and other NBC-Blue stations are to carry the program for an hour at 7:30 p. m. With Ernest LaParde conducting, Mr. Schwarz is to be heard in: the first movement of Lalo’s “Symphonie Espagnol.” The orchestra also will play the Schubert “Unfinished” Symphony. The broadcast also is to include a group of selections by the National High School Band, including a nfovement of Howard Hanson's “Nordic” Symphony. Mr. Schwarz has been engaged by the NBC Symphony Orchestra for next season. »

(The Indianguolls Times fs

INDIANAPO 20° (CBS Net.)

NBC-MBS)

ON THE RADIO

The 10 minutes ‘before the above concert, on the same network, will be devoted to informing the world that Dizzy Dean's loquacity is not a natural attribute. The speaker will be Dizzy himself and the interview er, Bill Stern. The Chicago Cubs’ ugreat one” will base his remarks on a forthcoming magazine article which he has written and titled “I Was No PopOfi—They, Made Me One”

In response o a Sos. inquiry, WGVA, Indianapolis’ projected new radio station, will be on the air next fall, according to’ Glenn VanAuken, the owner, : 2 On today's raopis Platform” broadcast (CBS-WFBM, 6 p. m.) you may hear current. labor problems discussed from a variety of standpoints. Speakers will include George Sokolsky, journalist; Spencer Miller Jr., sociologist; Gladys Poppe, an unemployed secre “working for WPA, and. Tim O'Rourke, Manhattan carpenter... ., ~~. = sn - !

THIS EVENING :

ot responsible for tanceurncles IY erm @ aouncements caused by station es alter press Hme.) oro

"INDIANAPOLIS

‘CINCINNAT)} WLW_1300

(NBC-MBS) |. (MBS Not)

fone Crantord Wirges® Or. Nols Day

Easy’ Aces Uncle Ezra

ews Basonology

" News Bohemians

Tea, Tunss

ve oe

ab oe .s » =3 | 88k

Wheeler Mission Hation Carley

Beate Carter Platform, Baum’s Or. - News

Man . Family

T. Dorsey's or. :

Hayes’ Or. = Happy Gilmans. Paul elas Lowell omas Don Winslow Sports Let's Celebrate Paul Sullivan Man's Family ”» ”» T. Dorsey's or,

Ferntaa®y or, Heludin Annie

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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. Tu CBS—WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 170, MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW. 1030; WSM, 650.

Every year at this

before it is consumed

‘then with millers —in

the grain till it can be

copsumer’ 's table.

BREAD and Banking

_e | time, Indiana wheat

comes into the grain markets. Most of it is of the “soft red winter” variety —ideal for several baking purposes. But much happens

in final form.

With banking cooperation, the farmer plants his wheat... cultivates and harvests it. With banking cooperation, the local elevators pay cash for the crop and ship it in carloads to the millers and terminal markets. Banks cooperate with grain dealers —and

advancing funds on milled and sold.

Indiana raises the sixth largest wheat crop ‘in the nation, and all along the line commercial banks like American National stand ready to finance the movement of wheat from field to flour sack —and eventually to the

AMERICAN mon Bk

A 8 oantd T cou.

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