Indianapolis Times, Indianapolis, Marion County, 28 July 1938 — Page 23

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THURSDAY, JULY 28,

STOCKS MOVE NARROWLY AS UPTURN FAILS

List Slightly Above Previous Closing Levels; Trade Is Quiet.

NEW YORK, 5 28 (U. P).— Stocks ~ fluctuated narrowly above

previous closing levels in afternoon |.

dealings today after an early rally

failed to meet follow-through de-

mand. Trading was quiet: ‘In the early rally stocks went up fractions to a point after fractional declines. This afternoon U. S. Steel held around 59%, up %, after opening at 58% and running up to 60. Bethlehem Steel held a small gain. Motor shares Were strong, reflecting better than expected second-quarter statements of General Motors and Chrysler. The former rose almost a point and the later about 1%. Most other sections showed fractional gains.

Experts Discount Heavy Selling Outburst

B NEW YORK, July 28 (U..P).—

The reaction in stocks yesterday was the sharpest in three months and the first real reversal of the uptrend that got under way June 20. Many market analysts, nevertheless, do not believe that the heavy selling which came out signalled the beginning -of a reactionary phase in the market. This group contends

that stiff resistance to selling will €

be met around the 138 industrial

average level. Bids at the close yes- Can

terday were reported in better volume. and at higher levels than in that hectic second-hour

and the impression that the mar-

ket. was in a major break heightened |

by the appearane on the stock tape of a “flash” quotation for U. S.

Steel at 55% when it should have é

been 5912. ® Chrysler, G. M. Report

The Chrysler and General Motors | & earnings reports made fairly favorable reading when second quarter profits were compared with first-quarter results.

‘The drops from the June quarter Sug

last year naturally were very steep. Main bullishness of the reports lay . in the guardedly optimistic views of the future by General Motors Chairman Alfred P. Sloan Jr. and Chrysler President, K. T. Keller.

Curb Stocks

High Low

Aero Sup B 3% Co Am-

Alum

Ly £9 RRS

“

> Br wD oli J wow »

no 2 et bt 1 00

? El Bd & Sh 6 pf....... Ford Can B .

Imp . Insud No. Amer .. Jones & Lau S Kingston Pro Lake M

'N. Y. Bonds BOND PRICE INDEXES

“ 20 : f + Indus, Yesterday ..... 864

Week ago ..... 85.9 Month ago .... 81.5 Year ago ...... 914 Two. years age -. 91.6 1988 high ..... 86.3 1038 IoW ..oe..c 4.9 1987 high ..... 95.0 198% low ...... 80.1 1836 high i... 94.8 106.2 1086 low ...... 90.0 103.5 (Copyrights 1938. ‘Standard Statistics Co.)

20 Util. 98.1 97.9 95.0 101.8 186.0 98.2 22.3 106.0 92.3

60 Bonds 82.1 81.9 0 93.3 91.7 82.8 %0.% 100.7 81.1 100.2

v. 8. GOVERNMENT BONDS Treasury Eonds

2%48 1947-43 ... 3Ves 1945-43 ..e......109.24 4Y,s 1952-47 .........118. 2%s 1960-55 104

FOREIGN BONDE Hig Argent 4s 72 Reb aver Se 4 senses 104% ] vi Ya ( ]

Prague T%s 52 DOMESTIC BONDS

Am TT 3Ys 61 ies B&O 4's 60cv Beth Stl gh 52

Last 6%

1932 1933

"indiana

1930 1931

Indiana Building Activity

(1923-1936—0)

1934 1935 1936 1937 1938

University Bureau of Business Research.

li High s Ez aed Ye

oor 330 13a 1 w fad Store ofa

Last Chavge

a ~-

HILLEL +]

SRTRNT Nee

thug

Sme \m sug Fdies .. 274,

im Type = Tle 1

PELL +I

Am Ww .. Am Zinc e..eoe Anaconda Amour ccvae rmstrong Ck . 44

t - Foundry selloff | Che when tickers ran seven minutes late &

the ¢

93.3 |

> t+]

i559 Dr} Dry Gds . Aviation Corp

A A 4 é £ £ £ A £ £ £ 4 £ £ é 4 Am 4 Am 4 + é £ 4 4

SF SEER FER SESS

Bald Loco ct .

Fae

CO CIA RIrARILN I a DIRE Co od & ROOD N

CO CO BO ND

Bulov Butler Bros ...

0 tana RADS HAD In > 2, aR FE

Callahan Zing . alumet H.. bell oy oe pacific «...

Com Credit ... Co ny Tr... Solvents ..

FEF

Curtiss-Wr A. Cutler-Ham

1111:

247,

21%2 . 15% 15%

Lis

1 36 36 2% 6 Ya 116%

“i

Eaton Mig

eds 20%, Elec Auto-L ... 25 25

ry EE

Flintkote ..... Foster Wheel .

Gen Am Inv ... Gen Am Tr ... 49 Gen Baking ye

"Geft” Cable

an ge mid aE

- we

0 o-

Grevhound 7

Hecker Prod ... Hershey Holland Furn . Homestake .... 6 Houd Her B ..- Housten Oil ... Hud & Man ... Hudson Motor. .

ue =

Ill Central .... Ind Rayon ..-. 2 Inspiration C . Interchem 2 Interlake Ir . .

tol Fo a-e

. YH Int T&T For .. 9%

CI ON] «eT Ae

Kelsey Hayes A. 11 11 R ennée 41% 40% 2% 2% Kinney Pr pf a 18s 16%" Kresge SS 19 19:

Laclede G pf .. 22 27%

fe SStar Jem: Lorillard

26% 43 6% 5%

t "Nash Kelv

Nat Acme 12%

of $714,421,000.

. West Uni

CLEARINGS REPORTED ©.) DOWN 14.5 PER CENT

Week’s Volume Shows Drop |,

N. Y. STOCKS

By United Press .

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS -0.39 +0.08 -1.99 +0.44 High, 1938, 144.91; low, 98.95. High. 1937, 194.40: low, 113.64. 20 RAILROADS Yesterday Week Ago ... Month Ago . Year Ago High, 1938, 32.33; low, 19.00. Bigh, 1937, 64.46: low, 28.91. \ 13 UTILITIES Yesterday ..... . 20.92 Week ARO ....c..ccooceceenss 22,07 Month AZO ..ccc.occvsevcesss 21.06 Year ARO ...oceennene cecvesees IB High, 1938, 22.551 low, 15.14. High, 1937, 37.54: low, 19.65. 65 STOCKS

sescessevrsece

Yesterday . Week ARO «..cocovnvvvsses Month Ago Year » High, 1938, 47.93; low. 31.10. High. 1937. 69.67; low, 38.87.

segeescessannrace

. Net High Last Change Nat Biscuit .... 27. Dairy’ 15%

Norwalk © So

Qliver Farm Omnibus Eq a outba Marine -

Pac G&El . .. 2 Pac West on. . Packard s paramt Pict ... Para Pic 2 pf..

war tone & Web : Studebaker .... Superhtr oles Superior Oil .. Swift Intl .....

20th Cent- Fox . Twin Coach ... 10%

bs cer a By Un oe Un Pac 3

Un Baeiteti’ C 3 n rcera 74 Uh Ar Lines 7 10° ve 9%

ines . 32% wri Ys . 64% .. 10% +89 a 20 +. 103, FP... 4 rs Br nT 59

19% 4%, 28Y a IC SO Va I C&C oh .

% | Walworth

Ward Bak B .. Warner B . Warren Watkasha, Mot. Wayne Pump. - nion ..

SR i HSER»

Worthington Wright Aero ..

Cl LR HDL

Yellow Tr Young Sheet .

{+ wt

oy 19% 19 | 31% 3TY% — . 20% 20 4% 4Ys

Zenith Rad .

1+ Fo

LOCAL ISSUES

(By Indianapolis Bond & Share Corp)

The followin quotations do n - bids 'o o en nes, a mer

y market lev based’ on Buying am se R inquiries ot recent transactions:

Stocks

Belt RR & Stk Yds com. 49% RR & atk, 29 od. . 50% Cen Ind Power 707, pid “20 Home Tel&Tel Favs 1%pfd 82 Drugs Ine « com re 7% v td “1106

Hoo Ind & Mi Ind Gen Svc a 8% pid

"| reported to t

Bid Asked: 52

6. M., CHRYSLER REPORT GAIN IN | NET EARNINGS

Both Believe Upward Trend In Progress; Declare ‘ Dividends.

NEW YORK, July 28 (U. P)—A fall improvement is in prospect for the automobile industry—the enter prise which led the nation out of the 1932 depression—the June 30 reports of the two ‘dominant organizations in the field disclosed today. Executives of both’ the General

Motors and Chrysler Corporations eir stockholders that ‘the downward tide of 1937 had been reversed and that an upward movement was in progress Earnings of both organizations for the second quarter also were substantially in excess of the first pe-| riod, with General Motors. reported a tripling of the earnings.

G. M. Net Profit Up

Second quarter net profit’ of General Motors was $24,786,002, equal to 52 cents a common share, compared

| with $8,234,017, or 14 cents a share lin the first quarter, and with $65,-

731,100, or $1.48 a share in the second quarter last year. Net profit for the six ‘months this year was $33,020,019, or 66 cents a common share, against $110,545266, or $2.47 a share in the 1937 period. The figures did not include those foreign subsidiaries’ earnings which were blocked by foreign exchange restrictions and made no provision for Federal surtaxes on undistributed rofits. P Directors of the Chrysler Corp. declared a dividend of 25 cents a share on the stock, against a payment of 50 cents on June 14 nd no action in March this year. et profit for the second quarter was equivalent to 83 cents a share, com-

pared with 48 cents a share in the 2

first quarter and’ with $3.80 in the second quarter last year. For the first half net avas equivalent to $1.31 a share against $631 a share in| the 19% period.

BUREAU SEES FARM UPTURN -

Low Point in Consumer Demand for Products Reached, Report.

Times Special

WASHINGTON, July 28. — De-'

velopments of the past month indicate that the low point in consumer incomes and in demand for farm. products has been reached, with prospects for some measure of recovery following the summer months, the Bureau of Agricultural Economics reported today. This improvement will follow somewhat

behind the expected revival of in- |

dustrial activity. Advancing stock prices, the recent trend toward higher prices of raw materials and increased buying of consumer goods are cited as reflecting the generally improved business sentiment. The general trend in business activity during the coming year probably will be upyard, it was stated. The bureau points out, however, that the course of recovery may be somewhat irregular and at times

rather slow, For the remainder of | ¥

1938 both consumer income and demand for farm products probably will continue less favorable than in some recent years but farm crops and livestock produced this year will be marketed under improving conditions of income and demand. Demand for the nonperishable farm products may, reflect these changes more rapidly than for the more perishable products.

GASOLINE STOCKS CONTINUE DECLINE

Supply Drops Two Million Barrels; Is Report.

NEW YORK, July 28 (U. P)—|%

Heavy consumer demand incidental to the summer’ motoring season brought a drop of more than 2,000,000 barrels in stocks of line held by the refining industry last week, the American Perot Institute reported today. The institute estimated total finished and unfinished: gasoline in storage as of July 23 at: 76,366,000 barrels, compared ; with 78,721,000 in the previous week and with T1,619,000 at the end of the corresponding 1937 week. The reduction was the 16th successive decline. The latest week's total contrasted with the all-time high established on March 19 this year when, after 18 successive weekly increases, stocks Teached a total

of 95.102.400 barrels SETTLE WILL HEAD

Top % or Ho

Dips to $9.85 On Mart Here

Hog prices broke rather sharply here today in sympathy with downturns at most terminals, according

"to the Bureau of Agricultural Eco-

nomics. Light and mediumwelgt Hogs suffered most in the adjustment, weights under 240 pounds losing a flat 25 cents, while heavier butchers were steady to 20 cents lower, mosthb 10 to 15 cents off. e top dropped to $9.86 for good a Sie 200 to 210-pound.aver-ages. Sows sold rather uneven, some early sales reported about steady with most later transactions 10 to 15 cents and in spots 25 cents off. Bulk of the gopd sows sold in an extreme range Of $6. 75 to $8, Ipostly $6.75 to $7.75. “Steer Prices Strong An improved -local demand was responsible for quick sale of the few loads of slaughter steers and yearlings. In a spotted trade, prices generally ruled strong. Fed heifers were wanted at steady prices but grassy descriptions and all grass fat beef cows continued dull and weak. Cutter grades of cows moved up in a strong deal. "Most steers were native type lightweight short-feas at $8.50 to $10, with bulk fed heifers $9.65 to $10.25. Cutter grades >f cows were most numerous from. 3 to $4.75. . Vealers gained price ground we the third consecutive day and choice grades made $10.50. The rain broughi increased country demand for stock calves, with medium to good steer calves at $9.25. A broad local demand for fat lambs with receipts below normal forced good and choice grades 25 to 50 cents higher and boosted best ewes and wethers to $10. Unfinished lambs went unchanged, with the medium grade bulking from $7 to $3.50. Diner classes of sheep were

cesses

(275-350) Sood Learvrivany Slaughter Pigs— (100-140) 8 ood u and choice. .

—Receipts, 609-— (750-300) (900-1100) (1100-1300) (1300-1500)

750-900)

(750-1100 (750-900) Good

550-900) Medium 550-900) Common

All Weights—, Good - $i

om Tutte and {utters Yeariings Excluded tall- welghts).

Tak 6 (All weights) Medium ... 8 Cutter and comm a m

SS oue yak

55 MG {All weights) Choice Cesaeei 10. ‘al weights) Good All hts) Medium ..... cull an medium ,....... aos : Calves

—Receints. 565m (350-400) Choice P Good

OY 285s oho ©2255 @-a 8333

1 Co Feeder 1 and. Stocker Cat

Stee 1500-800) Choice ... ... ie} 1800-1050) Sholce weiss ene iol 1500-800) Gor ne (300-10 Shea - ) Med) 1550-750! be

8823 oNn-a0

am -2-30000 Siva

Good and choice... Common

esbem0n Good and choice Common. medium SHEEP AND LAMBS —Receipts, Jo40->

Snring Lambs—

@ «100 ~J0-IBOOD

ARs) _ aI 5) 1 0¢ 88 8833283

9 9985698 $€83°

Goo! Medium

05 “Good 3nd chotce “sean Common and medium ......

CHICAGO, July 28

(U. ke. te UY 17, 000;

Sweets le arke

Aryeisits Sen oo. steers and PLIES SOAdY to strong kinds well-conditioned enough to suit cag; al te ern Shippers, firm sittle aigher; gras t-fed sitetings both “steers and nd sh dy ttle slow, but all grads getting dependable ulearance; mos tly $9.50 812 market; 15 i268 pis $8.75 down to a 812, on h_1200W0. aver eifer fed bullocks,

y ie S he i! mbs around steady to 15c lower: B og le pl good to steady Idahos, 39.25; as ‘yet sole held aigher

a ‘and Sales, $9.28 on native

(U. BP.) Spl

WAYNE, Ju uh 10c lower; 220 lbs 55.10: one

$8.90: 1bs., 89. ~280 1b Toe Se 240- a Tbs $0.50! 360-28 dos:

326-3 -350 ibs. kt 20: Lga180 Jbs.. $9.50; 120sos: St 3 a alves; A joughs. 75. calves, $8.75; climbed Tombs, 6.

FAYETTE July 28 (v. P.). Ma c lower: bulk 160-

—H EERE lh

CINCINNATI, July uly 28 (0. P.).—H market, tow, ‘one direct; dase lower” ies: slow, ui 3 Jigs Be a ah 300-300 ton, $9.85: d Bins Sse 98.16; 30 30 os, Rg 5@8; 100-140 ne £8. 25@9;

a W p Re 50: calves, 350: mar-

$6.50 king ot less seve; mi medium ond

littl ag i odd light ne Searlines, 8 2 fi a8:

steers, $10.25: gorn an ress, 08 [email protected];: fow heffers

$9.50; good oeef cows, [email protected]

ed umphs and

BUYING FIRMS WHEAT PRICES

Outside Markets Generally Strong; Corn Rates Are Easy.

CHICAGO; July 28 (U. P.) a tered buying firmed wheat prices

after light mixed trading at the

start C98 the Chicago Board of Trade

at. the end of the first hour of ‘trading wheat was up % to %, corn was unchanged to 'off 4, and oais| h were unchanged to % lower. Most ‘of the buying was through houses with export connections and

-local interests, and while the volume

was: not large, it was sufficient to

“absorb light hedging offerings.

Outside markets were generally firm with the October and Decem-

' ber futures at Liverpool independ-

ently weak. Winnipeg July was alse fractionally lower. . Fear Rust Spreading While beneficial rains were received last night in parts of the Northwest spring wheat belt, rust

damage was feared to be spreading

and this was a constructive influence on the buying side. Only scattered export business in U. S. wheat and corn was reported early today. Receipts of wheat in Chicago were estimated at 103 cars, of corn 206 ‘cars., Corn prices were independently easy early in the session, but some support was tendered by shipping interests, and scattered local buying Jended to steady the market someWw]

WAGON WHEAT

3 Sy gisin Sle elevators are paying tor No. other grades on their merits. FR corn, new No. 2 yeliow, §2¢. Oats, 30c.

LIVERPOOL WHEAT (U. 8. Equivalents based on sterling at $4.91%). Prey is gh 3 $ or : Fo $ iy ee Bn SA Ma ARGENTINE GRAIN

BUENOS AIRES, July 2 3. P.).—Grain futures opened steady oni—A a naed; Sept.,

ug. Ties, whe. pnchanged Aug. 63c, unchanged; Sept. 60c, unghangad. Oats—Aug. 28%e¢, unchanged. Flax—Aug. $1.18, unchanked; $1.16%, unchanged.

FAILURES FALL TO

sevsee

Sept. /

DECEMBER LEVEL)

206 Recorded Last Week, Drop of 13. ' NEW YORK, July 28 (U. P)—

Business failures in the United States in the week ended: July 21

12.00 | declined to the lowest level for any

full week since Dec. 16, Dun & Bradstreet, Inc., reported today. Total failures dropped to 206 from 219 in the preceding week and compared with 143 in the corresponding 1937 period. . Applications for reorganization under section. 7B (not included in total failures) amounted to 13

against 15 inthe previous week and |

' nine a year ago.

CORN AND WHEAT REGION

OFFICIAL* WEATHER tees By OU. 8. Weather BUre2t cee!

State ot Wea

Angola cers Wheatfield Rock ster weesen

CHICAGO PRODUCE

Butter—Market steady: receipts, 1,443, firsts’ (90-! 1% score),

am steady; receipts, 10.694 He “fresh Ge firsts, cars, 20%c; less tha 20%; ext a | cars, 21c;

17¢; current

May easy: receipts, n 12c; geese, Base: aah @ fens. 14c;

Tn 8 roosters, i3@14¢; fern ly 18@17c; turkeys, 14

ns, ch i Ha 1T%e; Cheese—Twins, 12a @13c: daisies, ne LL longhorns. 13@13%2c. P pplies. liberal; demand, moderate: market. steady on ite Rose: demand, slow; ma ket t, yeak on Bliss TriCobbler: issouri Cobblers, fo Ia Whit "Rose i ea 2 0S Gomme nia mercials, Idaho Bliss Triumphs, ‘$1. 06

sgt rrivals, 238; on track, 319; shipments,

found Broadway deserted by its

mer vacations loaded ‘Europe-bound

oe ;

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.

‘ Not so long ago the sultry months

glamorous artists of music and the theater. Summer festivals and sum-

liners with stars headed for the

older haven of the arts. - Radio as well as political unrest altered the picture. For ina we find Gertrude Lawrence, the British star of the recent “Susan and God,” lined up for an appearance on tonight's Vallee program. Time was when the Noel ‘Coward coworker wouldn't think of spending a summer in New England’s bucolic retreats or Manhattan’s air-conditioned studios. But fat radio fees and America’s growing artistic importance seem to have changed things. Miss Lawrence will be heard in a one-act play, title unannounced, with Douglas Montgomery in the other leading. part. Others on the guest list are Willie Howard, comedian, and Ezra Stone, of the “What a Life” cast.

® t ” . Regarding the suminer festivals mentioned above, one of the country’s outstanding summer attractions, the Berkshire Festival, will be a broadcast feature. Radio will bring listeners the music of the Boston

Symphony, under Serge Koussevitzky, from this fifth annual symphonic ‘series, beginning - a - week from tonight. : 8 #8

Meanwhile there is other music to

“ON THE RADIO

4 Will broadcast another nous cone

cert by the Toronto Symphony at 7 p. m. today. Charles O’Connell, the Philadelphian, will be £2 guest conductor, and his program will featuge the Bach C Minor Cone ; certo tot two pianos, Etta Coles and Naomi Yanova, two young Canadians, will be the soloists. At 8 p."m., Victor Bay will offer a program of music depicting vile lage life on CBS-WFBM, 'Repree sented composers are Stephen Fose ter, Chabrier, Borodin, Dohnanyl, Ippolitov-Ivanov and - Gounod. - From Chicago's Grant Park will come music by Wagner, Beethoven and Tschaikowsky, played by Peter Cavallo and his “band at 8 Pp: me on WENR. ; # x i Bob Burns becomes professor of the summer session at the ‘Music

‘Hall tonight, while Bing Crosby

starts his annual vacation. This will be Bob's third summer at the job, and to help him get things going this evening will be Jose Iturbi, the pianist, and Melvyn Douglas and Maureen O'Sullivan from the. film factories. : s x = A notable. cast headed by Tomes Meighan, Margalo Gilniore and ‘Earle Larrimore will present. Eugene O'Neill's “Beyond the Horizon” as the latest in the Pulitzer Prize Play series, at 7 p. m. today, NBC-Bluey The play was O'Neill's first ‘fulle length success and the first-of his three prize winners.. : It took: ‘the award in 1919-20. . 5

: "x Tonight's “Americans. at . Work® program -(CBS-WFBM, 8:30 p. m.);

setting of a filling station. = Worl of the man behind the’gas pumps will be dramatized in a broadoast

enjoy this evening. NBC-WIRE # » »

APOLIS EAN T1250 {CBS Net.) Four Notes Martin's Or.

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THIS EVENING

(The indianapolis Times is not responsible for (naccuracies ha orogram - aouncements caused by station changes after press time.) {NDIANAPOLIS

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FRIDAY PROGRAMS INDIANAPOLIS

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Morning

Merrvmak: Peter GF nt Gospel Sin Ho! Ywood News

Betty Crocker. -Marge Hilltop House

Crane-Joyee

Melode Parade Organ Story

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Sa 28

WIRE Reporter

Backstage Wife

New: KEY NETWORK STATIONS (Subject to change): NBC-BLUE—WJZ, 760; WOWO, 1160; WENR-WLS, 870; BWE. NBC-RED— WEAF. 660; WTAM, 1090; WWJ, 920; 'WMAQ, 67 ie CBS--WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBEM, wm MUTUAL—-WOR, 710; WHR. 1390; WHC, 640; CKLW. 1030; WEM oa

Linda's Love

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Send for interesting * folder on Employers Mutual Compensation Insurance. Address office below.

INJURED WORKMEN

_ @ Your liability to your employees under *. ‘ the Workmen's Compensation law is a

dent prevention secure the interest and -

takes the listener to: the familia® \

NEW YORK, July 28° (U. P).— Bank clearings in the week ended | In July 27 declined sharply from the preceding week and from the cors responding, 1937 week, Dun & Brad~ street, Inc., said today: Reports from 22 leading cities placed total check transactions at $4,651,240,000 compared with $5,446,318,000 in the same week a year ago, or a loss of 14.6 per cent. With ihe | er Loan 85°" exception of the week ended June 8 Citizens Td Tel 418." 2| when a slight rise was recorded, |Home T & T *| clearings, have been under the cor- Ind S| Eoeoneine total of a year ago for |i 37 consecutive weeks, Dun & Bradstreet said. The latest week's volume’ was $714,421,000 under the revised total | Tha | of the preceding period, contrasted |X be | with a drop of $269,062,000 between | 5 the two similar weeks of 1937, New Orleans was the only city in< cluded in the: survey to show a Juin in the year-to-year comps

? «.101%2 2h i 10 2

CROP.CORP. HERE

. WASHIN a UP —Roy reen, manager of the Federal Crop Insurance Corp, to- 230 mon dl : laughte 8. Settle, Buffalo, | mainly $2@5. # oe; SIpvthes unas

U. 8. STATEMENT

cooperation of employers and employees alike, .a@ Claim Department that handles claims with record promptness, and a ‘company organization operating with ef: and economy to the “that : over $20,000,000 has been saved for poli- - cyholders, the buyer of Workmen's Com of urance i justified in desiring with such an organization. your interest by a phone

m to vractica top, sausage hulls, $6.95; bulk, ipts, 3950, Including 1 1760

11% 30°

Indpls oe & Lt Co 3% ofd.. indols Pr & Lt Co 6% 7% e id Indpls Water Co 5% Dp. Lincoln Nat Life N Tad Pub Se N Ind Pub Svc Co 80 vid, . 3 N Ind Pub Svc Co 1% Progress Laun unary v Co He Pub Sve Se of Ind 6% Pub Sve Co of Ind 3% So In ok El El 4. T. Hau ec Yoion tle

Van Camp.

matter of welfare that should be placed in the hands of a competent insuror to see that your interests as well as those of your employees are safeguarded. EM. PLOYERS MUTUAL, with a background of 27 years’ experience in Compensation i mpuatien offers this service to employers at a saving as remarkable as the service itself. Simply With a Safety Engineering Depart: pw pur vegd Soghaank ely ed ment whose effective. popan of acci- be presented to you immediately.

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LOCAL PRODUCE

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