Indianapolis Times, Indianapolis, Marion County, 4 August 1938 — Page 19

“PHURSDAY, AUG. 4, 1938 .

ISSUES ADVANCE IRREGULARLY AS

TRADING DRAGS

U.S. Steel and Bethlehem Up More Than Point; Bonds Unsteady. NEW YORK, Aug. 4 (U. P). —

Steel shares led stocks irregularly

higher in afternoon dealings today after an earlier backing and filling

movement. Trading continued quiet. |

U. 8. Steel climbed 1% points to 60% and Bethlehem pushed up 1% to 59. Chrysler came back to a % point gain at 713, against a low of

1i 70%, ‘and General Motors substi- ah Allis Chal

tuted a small loss with 7% point gain.

~ Westinghouse Electric rose almost | Am ¢

2 points Bonds List Variable Meanwhile the listed bond market failed to develop a definite trend, In a mixed foreign section, Japa-

nese liens moved irregularly higher, | 42 issues on the|Am

although several downside were at new. 1938 lows. South American bonds were firm. Losses of around 2 points each in Lehigh Valley 4s of 2003 and Baltimore & Ohio 4%s of 1960 featured the domestic rail group. Bethlehem Steel 33%s of 1966 held an early fractional gain. U. S. Governments were 3-32 ‘point lower to 3-32 point higher in a neglected trade.

Curb Irregularly Higher . At the same {time curb stocks

maintained their irregularly higher| gp trend from the opening in only a moderate volume of trading. Price|}

changes were restricted to small fractions. ; Chief interest centered in aviation issues. Bellanca Air gained % to 6%, Lockheed improved slightly and PanAmerican showed a % point gain to 15%. Among Industrials, Aluminum ‘Limited, American Cyananid ‘B and

Brown Rubber had gains ranging to Chey

1 point.

2 8 = N. Y. Bonds BOND PRICE INDEXES 20 20 : Inds. Rails Yesterday oc... 85.9 61.7 Week AZO ..... 86.2 62.4 Month Ago ... 83.4 58.3 Year Ago 91.6 Twe Years Ago 92.0 95.3 1938 High ..... 86.5 70.0 1938 Low oe... 749 43.9 1937 High ..... 93.0 101.2 1937 Low ...0e. 80.1 69.3 1936 High ..... 94.8 100.4 106.2 100.2 1936 Low ...... 90.0 84.7 1035 933 ‘(Copyright, 1938, Standard Statistics Co.)

U, 8. GOVERNMENT BONDS Treasury Bonds

60 . Bonds sL9 82.2 79.3 95.2 97.6 82.8 90.9 1100.7 81.1

ia

20 | Gair Robt

Federal Farm Mortgage Bonds

106.6106:

Home Qwners Loan Bonds 2%s 1949-39 102.22 102.22 102.22 us 1944-42 104 104 104

80%2 a 105%

Ric 52 Stan Oil NJ 3s 61.. _ Wabash 1st 5s 2

Curb Stocks

High ow Last Onange

Aero Sup B ... \lum Co 107 101i cess 23% 9% LF

13% 24Ys 13%

1% os Ya eee 114 Pr 23 Z : a 51 a 19% 1233, a 45%

LEXY) ssee sesso

Bon Marconi . .e Carrier Corp .. Cent & ny Cent

esee cece

Tone a eee rive 3% nes [EXER]

Chicago Stocks

Lab 300 use sense 11 Co . seed 6 Aviat ceessecees 2014 #0 st 8000 31

saves Fo

5 Beth Sie] 7 pt. - Boein, 27

.{ Cong-Nairn

-3 000029000000000

Indiana Ate Production

© (1923-1986—9)

’-

Sar

1930 1931 1932 1933

——

ue Low 11% 11% Ys 59%

‘Net. Last Change

My sit ¥ He

on .. .. so. “ie >.

. . fas

» Plies di +1aHE LIED) He

Beth Steel

des

i « s

itl:

Callahan Zine.. Cana IY oo. 1 Gan. Pacific . Sagi Ad pf A.. Ce!

Gent Aguirre Cent Foundry 4 hes & Ohio hi Pre

SsEEr SSE gad Se

Com Solve: 11% Comwlith “Edison 261s Cons Aircraft . 156% Cons ison Cons Edison ot Be Cont Ins 34} Cont Oil Del .. Crane Co 33 Crucible 8t .... b-Am wer oe Curtiss-W Gurtiss-Wr A

]3 EEE HEE HEL EE

EW... 1 Dev & R A... Dome Mines .. 34 Douglas Air ose. 51

36 33% EA re

11 262 11%

East Kodak .. a8 Elec Auto-L . 3: Elec Pwr & Li i Eng Pub —F—

aithanks LH . 8 red Wat S A . 1} be Te T 000 213% Mlintkote 21Y; 21% 14%

Gaylord Cont .. 14%

en Electric . ves gi en Foods .... 34% ten Motors ... 43% Te ten Motors of. 131s LY Out Adv 8%2 874

in Fahim.

FEHR HE

. 16% me Flee 18 3

Greyhound bp

Ham Watch .,. Harb-Walk Hershey 2 a

8

Hudson Motor. . Bion Motor ... tn

—e

[11 Central sees « 1156 25%

.

a

o Ya 47%

0 1% .

=

11%

ETF FH wn :

nt T T nt T & T Foi. nst D 8

8 13% 13% —

Kennecott cess 41%2

«or 4% 4%, ... 42Y2 42%

HH HES

Nash-Kelv ... Nat Biscuit .... 23 Nat Cash Reg.. 28

DHE

+: +13

1 18%

LOCAL ISSUES

(By Indianapolis Bond & Shire Corp) The following quotations do not represent actual bids or offerings, but merel indicate - the approximate market level based on buying and selling inquiries of recent transactions:

; Stocks Bid Asked Belt RR & = Yds com...... 49a §3 Belt RR & Stk’ Yds pfd...... 50% Cent Ind Soe 7% pid Home gelszrel FtWavne 1%ptd 52

0 & Mich El 1% nid .. Ind Gen Sve ee 6% Sed - stes 101% 104 nd Hydro Elec 4%, 54 dis Gas C pls 2 $ Le Co. 6% pid. fo ndpls P ng

tom NY Central vos

dpl N Ind N Ind Ind

Van Camp Milk by pid. cases

1% | Van Camp Milk Co cCOM.ceq.s 10% -

RAILS EMPLOYMENT LOWEST SINCE 1920

WASHINGTON, Aug. 4 (U. P).— ||

The Interstate Commerce Commis-

sion reported today its index of |Richm railway employment declined dur-|%$°

ing May for the 12th successive month to the lowest levél since 1920. The ICC Bureau of Statistics reported 7738 railway employees lost * their jobs during the month, and that employment stood at 905,573 1 the industry at the middle of ay.

FOOD PRICES :

CHICAGO, Aug. 4 oc. P.) Apples, Mich Duchess,

jan Beet Potatoes—. nessee, bu. ham [email protected]. Carrots—Illinois, eh, Jinois bu., 50 @60c.

21 WG

Tae: pie Bo: Ge

Amer Loan

nd Assoc Tel nter Tel & Tel ndpls 4 Ine 89% ’ nto Tel Tel i Tel SUF Sas Kokomo Wate 2%

Ohio Tel Public Te &

Trae Term Co (By ~ P abi & Co.) Market St. Investment Corp.. 24.28 ———————————————

FOREIGN EXCHANGE

YORK, Aug. Ld firm. Followi rates on major Currenc es:

4 (U, P.).--Foreign exare noon cable

England ( olod) Canade § (dollar)

Italy Airey vive Belgium (belga) Germany (ma: rk) ermny {rave} mrk frane).. .

«3 89% oo 1.99 9-18 0274

| Bolland ig {

4

1934 ‘Indians University Burean of Business Research.

N. Y. STOCKS

By United Press, ;

SN

ez

1935 1936 1937 1938

DOW-JONES STOCK AVERAGES : 30 INDUSTRIALS Yesterday oe 141.78 Week Ago esseescsesssssssss 142.00 Month AZO +coscsssssescsess 187.45. Year Age High, 1938, 144.91; low, 98.95. High, 1937, 193.40; low, 113.64. : 20

svsesvsesesssevoe

te

Month ARS ...ccos00s000000s. 29.98

15| Year Ago

High, 1938, 32.38; lew, 19.00.

3, | High, 1937, 64.46; low, 28.91, TLITIES

15 UT Yesterllay <..ccocececececes.. 20.38 Week Age sesecesssenssensese 20.88 Menth Age #9000000 ss0ssssses 22.15 Year Ast High, 1 Lew,

, 22.55; low, 15.14, 987, 37.54; low, 19.65.

—0.24 +1.96 ~—0.33 -0.71

[CHGAGO WHEAT FAIRLY STEADY;| ‘CORN PRICES UP|

Grain Holds Values Slightly Below Previous Marks In Light Trade.

(Editorial, Page 12)

CHICAGO, ~ 4 ug. 4 (U. P.).—~Wheat held fairly steady slightly below ‘previous ‘closing levels as trading remained light on the Chicago Board of Trade today. Corn gained. At the end of the first hour of trading wheat was off %, corn was up % to %, and oats were % higher

pendently firm and the more deferred deliveries mofe than a cent lower. Winnipeg :held steady while other American. markets were fractionally lower, Selling in wheat at Chicago was light today, but met little buying ] interest ‘as most of the trade was { inclined to take to the sidelines io await developments. The Russo-

Low . 211 10% 12%

: Higa y Y InV cecese _ Jo Amer 21% m Av ... 0% No Pacific ceeee 12% —O— 24% 10% 2%

x.

Ce

Iii: lll

Radio bas

Rayo! Rayonier Reyn iE Richfield O

3

bE B

SHELL HLL LF

t+Eiil AL: Tas Te ae

141: ae

1; ++ 3 ae

.

Ch HT CTO

Vad Sales .. % 3% ‘Van alte ... 28% 28% Victor Chem .. 11% 11%

J 1 7 6'2

28% 17%

1+:

Walker (H) ... Walworth ... ard Bak

Varner - Bros . -

43 i 8% — 6a ar cans 30% 26%

:

46%

esting cane Mot .... Vilcox O&G .. 3%

001Worvn

A 355 £4

A A Vest Air Bke. . A A

Yellow Tr ....

203% 203% Young Sheet . 9 38%

30%

Zenith Rad ... 20 20% +

UPSWING REPORTED

NEW YORK, Aug. 4 (U. P).—Enweek were 18 per cent larger than in

the preceding week and topped the | corresponding 1937 total by 30 per

Total awards for the week ended

s | today were -estimated at $57,454.000°

against $48,716,000 a week ago and $44,041,000 a year ago. The cumula-

tive total for the year was 09 per cent below the corresponding 1937 period. Public construction continued upward.

BANK CLEARINGS OFF 17 PER CENT IN YEAR

comparative,

total of a year ago for 38 consecu-

transactiom8 amounting to $4,841,380,000 compared with $5,838,715,000 in the 1937 week. .

CAPITAL GOODS RISE "TO 3-MONTH PEAK

level in more than three months, the

{Iron Age reported today.

The. publication’s seasonally adjusted index advanced fo 50.2 per

00 : | cent of the 1925-27 "average, the | highest since April 23 when it stood

at 509 per cent. In the preceding week the index stood at 49.8 per cent, while in the 1937 week it was 96.4 per cent.

price index of 30 basic

sesessssrsesnsone .

Week ago .

Month ago « Year AZO

SE

aa

ER OEESSESE SE EE

=a

a | 195 8

gineering construction awards this

cent, Engineering News-Record said | today. :

NEW YORK, Aug. 4 (U. P)— Bank clearings in the wiek ended Aug. 3 increased moderately from the total of the preceding week, but fell 17.1 per cent below the 1937 Dun & Bradstreet, . | Inc., reported today. Except for the small gain recorded in the week of June 8, clearings have been below the corresponding |

. | tive weeks, the review said. Reports from 22 leading cities showed check

0% | NEW YORK, Aug. 4 (U. P)— Capital goods activity in the week ended July 30 rose to the highest|

DAILY PRICE INDEX | fs

NEW YORK, Aug. 4 (U, P.)— [Indians Dun & Bradstreet’s daily weighted | Evans commodities, | compiled ‘for the United Press| . ‘| (1930-32 equals 100): ize | Yesterday

Japanese crisis attracted less attention. ‘The announcement of the wheat purchase price by the Canadian Wheat Board, which is' expected later today, was the main topic of interest. Export. demand for wheat and corn overnight was reported to be flat. Receipts. of wheat in Chicago today, were estimated at 183 cars, and corn receipts were placed at 155 cars. — Corn prices firmed on’ indications from the corn belt that the cone. tinued hot dry weather is causing damage in some sections with rain urgently needed. Generally fair weather was forecast by the Weather Bureau. ia

EE

WAGON WHEAT 3 So, Binnie eas oR ht "rks te eorn, new No'3 yvelLow, §3c. Oats, 20¢. LIVERPOOL WHEAT (U. 8. Equivalents ‘Based on Sterling OC eaves. $ 83% 2% a .82 2 $ $ 83% $ - %

Close a8 % 18%

75%

LOCAL PRODUCE

14¢;

JT%

Heavy ore 12¢; hea 13c: Barred and Ibs. amd over, lbs. and up, and over, 16c; rooste;

ter. No. TS strictly fresh Sountry Tun 17c; each’ full case must we ross; (a net deduction of ull sase undep 55 nai Bi be mad 8). : vi 0. 1, ¢; No = 26¢c; renal Ne 21c; No. 2 (Prices To by Wadley Co.) |

CHICAGO PRODUCE

Butler Market, steady: receipts, 1 775 s Ibs.; extra firsts {90-3112 bg 3 Tae: extras (92 score), 25%c; sai 24Y,c; seconds, 21@2i%c; 20% 26c: standa rds, 25c; centralized Bl score), 22Yc; centralized (89 score),

Market, steady: receipts, 8795 aii ho Finos, RI Car, gle Je ess than cars, © 1 She Yo a rece.

Be, 1 i

k

S, Yac; curipts, 18%c; ‘atrties, 16%e¢. gor Sits IP itarke t, rs 1 car, 3 trucks: ducks. {edtac: Pease 4 hens, rn is ing chickens, Java 17%¢; roosters, gs § “broilers,” 13'2@16c; fryers, 14@16c; a Twins, 12 nf [gall duis na Po a ie dema nd, light;: market, weak: Tenia White Rose, $1.85; Tdaho Bliss Triumphs, $1.25 White Rose: $1.90: Russets, $20 ri Cobblers, . 82%2c: Nebrasks ‘Cobbler S, ae 90c; Washington Russet Burbanks, $1.60 Arrivals, LYH track, ‘191; shipments, : Net Bd Asked Change

Bank of America ...... Bank ot Manhattan oon

IN BUILDING AWARDS =

. NEW YORK, Aug. 4 (U. P)— The. committee on stock list of the Stock Exchange today directed that |} 400,000 additional capital shares of | 2

Securities, be added to the list upon official notice of issuance pursuant

to the options granted Phoenix. Action by the committee constituted approval of the supplemental | application of Phoenix Securities in which the latter agreed, “as an inducement to the committee,..to |" pass favorably” on the application,

short against, any portion of the Loft shares, without ‘first the committee of its intention to so and without first obtaining

position.

ATLANTA, Ga, Aug. 4 (U.P. )— Weevil infestation, spread by wet weather, has become worse in Georgia cotton fields than at any time in the last few years, the Atlantz Weather Bureau reported today in |Expen | its weekly survey of crop .conditions. Excessive rains also have caused | Wor rotting of large quantities of toma- | Eb. toes, figs, peaches and butter beans, | Gat the Bureau reported,

CORN AND WHEAT REGION : OFFICIAL WEATHER be By TO * Weather BUress mm Avr. 4, 1938

3 High. Law. South Bend veer 80 TT Angola ......... 01 Wheatfield . 29000 2 ‘Rochester csesen 92 Marion sas08n0 en 9 Lafayette FT n 3 Cambridge City .

lumbus eases = Vincennes ...... 90 ane ress 3 sane 89 ute seve 94 + 84¢

ssseee

State of Pre. Weather

; : 5 5 78

Savings and Loan

ose.| 19%

for each { (

Specials. :

LOFT SHARES ADDED 3 ~ TO EXCHANGE LIST |®g

Loft, Inc., under option to Phoenix] ins

that i would not dispose of, or sell Sawn fle .25;

committee’s consent to such. a dise an

WEEVIL PERILS corron| fk

| Debita’S

Porker poet

Hog prices oad 10 10 5 cents here today as a decline of 17,000 in receipts at the major markets failed

| to halt the downward frend, the Bureau of Agricultural Honomics

reported. Losses of #1 16 $150 were not|-

‘uncommon in wholesale pork mar-

kets and live values declined at practically all’ ‘points, the maximum 25-cent loss on pigs and light lights scaling below 160 pounds. ‘The 10cent downturn on other weights sent the top down’ to $6.60 for 200 to 210-pound averages, now 70’ cents under the 1938 high mark of $10.30

with | reached about two weeks ago.

Packing sows declined 10 to 25

cents, with the most loss on heavyweights which cleared largely from $625 to $6.35. Mediumweight and light sows were marked from $6.50 to $7.75. A few stags sold above $6. Cattle sellers closed a week of dull lower markets with another slow weak deal. In a catch-as-catch-can trade prices cid not decline severely but the outlet was so

- Steer sales ranged from $8.15 for a car of plain '1090-pound grass steers of a native type to $10.75 for some qualified 1000-pound yearlings. Good to choice 780-pound heifers made $10, other fed heifers $8 to $0.50. Vealers were unchanged. Spring lamb prices continued to fluctuate rather wildly, with a 25 to 50-cent loss sending the top down to $8.50. The late trade was weak even at the decline. Some good lambs sold at $8.25. Plain to‘ medium sorts were taken largely from $6 to $7.50, thin $hrowouts below, $6.

0.83

1% russes esias anni 80. 30. A

ui 1

ws

Barrows and “Gilts— ts 60) Good and

is Quod. x

300-230) Good and’ -260) Good and

Fea

© 9939 &® ET Em

InBeYon 3a 335¢ #3

v Vi ~

Slanshie: Pi (100- 140) Medium

OP NII NVOLOVLVO -3

| am seas 838 anes 8

130-1100) Choice

) ¢ Shoice “esesaesios (1100-1 “1300» Ono =1500) Ghoics csasees

All Weights— Medium ranean ‘Low cutter and cutters «.... 3.95 5 Yeatlings Excluded (an weights) = ger» ts) Medium veiw +£8.50 Cutter” and rm ~~ Vealers $ Al weig1ts) Choice .....eue ts) Good

4 an £8) ROOM vos ssss COMMON <oosas oie i Calves : —Receipts; 453

1250-400) LL a

mA 3

on “ba wm 2988

os

same ‘8383 099d Need aNd s 3383 gai — gkss

seer. ire .

swag 2333 89383 on IM gIee

Feeder and Stocker Catth

teers— (500-800) ChoiCe «cccsosssone (800-1050) Choice . (500-800) Good ..

- ®

.. (500- ) Medium . * (550-750) Good. aad holce.. .

Helfer: (650-750) Good and choles. Common. medium

P @Im ame 33 2352383 99 9939338 a» wanmso 38 833n&3R

s8 0800000» soo 00st dane Medium sssssseessasassiaone Lommen Bes000ses0isUssVES

“Good and choice . Common and m

hd LIVESTOCK

CHICAGO. AYE. 1. 4 Shoo P.).—Hogs— ceipts, 11,000; 3000: ‘market, very Sows undertone, 20k best bid early, Cattle—Receipts, 4000; celves, 1000; mar-

ket Sten dy. 11,000; directs, 3000:

= oom - Bz Statik oD SNe’ me aanm 28 8BRg

p—Receipts, marker © steady.

PT. WAYNE, Market, 10c lower 1bs.. $9. 200 lbs $9.35; 22

5; 180-220-240 1bs., p. 325 Ihe.. $630; 34-350 1 sie! 5 3805; 0-140 Ibs. sais! 100-120 3 Ba

ToughS. eos: clipped lambs, Ge. CINGINNA Aug. Receipts, P00: one direct: overs fis; fhe. & $5.35: 300.350 Tbs. : iisares 166-1 | 1 aed 00-140 t Maik 1.7508 8.50; ReSeipts, "400: 300: Bh fiche” od L065 steers. $9. 5: oad iE Bute er

steers, $ 0 loads 5-1h. fed erern .$9.75; And ee fers, plain and ‘medium light wel t grassers, from $6@ ing 0: $5.75; beef cows, plain Bin me- : low cutters and cutters, extreme top sausage bulls,

4 P.) Ave. toc! Lien 3005320 $8.45; 160-180 1bs., 35; 240-260 ibs., $9; -300 1 $8.55; 300b33.0: 140-160

Receints, 500; none Qirect: spring o| aero 2, 25¢ lower: good and choice

ium grades. 3 Ss goin; a ony changed at $2@3. : :

a DS asm TOR. i i forthe current fiscal - ear._throuzh: Aug. 3, compared ich a | PAE PNY, Saal fi yi “zsgeannl 38 2.709.403

Pape ashy’ 3 he idee 3 i 118 118.

Feoen. eh

,618.69

Cash Outgo Unchanged In

470.400.838.534 : 754. 088.043. 1] ati 426 13 ;

807.83 .08¢. 083 |

SECRETARY HULL

Defends American Career Men in Vigorous Articles Cites One Death.

. WASHINGTON, Aug. 4 (U. P)— Secretary of State Hull today issued a vigorous defense of American Foreign Service ofticers, who, ‘he declared, have more experience with malaria than with spats. Mr. Hull's defense was printed in the form of .a statement . in the American Foreign Service Journal, a monthly publication issued by the American | Service Association. “The sobent death of. John J. O'Keefe, vice consul - and clerk in charge of the consulate at Buena‘venture, Colombia, deserves more | notice than it has received,” Mr. Hull said, “particularly in 10 of articles which appear in the press from time to time and which represent the Foreign Service as composed exclusively of persons of the be-spatted and stuffed-shirt variety, whose most ardent work is collecting gossip at luncheons and cocktail parties or quarreling over questions of social precedence. Not All Posts Attractive

“Vice Consul O'Keefe died (July 10) of malignant malaria contracted in the performance of his duties as a member of the Foreign Service . . . aa “Such posts as * Londen, Paris,

Berlin or Rome naturally loom large ‘in the publie mind," but we must | ‘not forget that the work ‘of the

Foreign -Service is also: ‘being carried on in fever-ridden posts in Asia and - Africa; - and ' in unhealthful tropical seaposts. Officers and clerks | at such posts are more familiar with bad living conditions and with difficult and trying tasks than ‘with cocktail parties. “They hove more experience of malaria than of spats . . »

REORGANIZATION

|OF MONON URGED

8h. C. C. Proposal posal Would Take!

Control From Southern And L. & N. Railways.

WASHINGTON, Aug. 4 (U. P)— An Interstate Commerce Commission examiner today recommended a plan of reorganization for the Chicago, Indianapolis & Louisville Railway Co. known as the Monon.

The proposal would elimigste all equity of preferred and mmon stockholders ard take stock control of the road away from the Southern Railway-and the Louisville & Nash-

{ville Railway. “4, The road operates 520 “miles of line from Chicago” to. Indianapolis.

d from. Michigan City to Louis--¥1t.18 controlled ‘by the ‘Southa the I. & N., each of which

stock and 38.8 per cent of preferred.

Reorganization Urged For Three Years :

ization of the Monon Route have

years, William L. Taylor, attorney

for the company here, said today. Sixty per cent of the Monon’s busines sis obtained from the present controlling roads, the Southern

7 GENTS BELOW '37

June, Syndicate Reports.

MINNEAPOLIS; Aug. 4 (U. P).— The “real income” of Mr. and Mrs. Average Consumer in: June was .1

| cenit on the dollar less than in May

‘and 22 cents lower than June, 1937, despite “the budding business revival,” a survey by Investors Syndicate revealed today. Cash Outgo remained unchanged. June cash income was down 25 cents from a year ago, while cash outgo, or living expenses, were off

| only 4 cents from a year ago. “Just as general consuming capac- | ity experienced no real ‘drop until |

after the peak of. business activity

| had passed last year,” the study ex-

plained, “budding revival may not be quickly reflected -in increased ability of consumers to buy goods and services.”

JE Ba LL HEL

BE

INTMANAPOLIS s cLsawING HOUSE

Ssesscsscessssnanes

num

1

aS ra Bei

‘automobile license plates of a dozen | riding. The

eran. owns > 46.7 per cent. of common | 11:

Several proposals for the reorgan- |

been suggested during the last three| =:

Railway and the Louisville 8 Nash-|. Re- | ville Railway, Mr. Taylor explained.

REAL INCOME’ DROPS|

sore | miss { ER

Pe

“Colomial L ||

Put

"ENERGIZE LAZY DOLLARS

Funds invested by the 10th day of any month earn dividends figured from the 1st of THAT SAME MONTH!

.- WORK. For information regarding our saving and investing plans, call at our office or write for free folder.

Dividends paid July 1, 1938; at rate of 3% per annum

YOUR vagabond dollars to

] | Welfare : Chief Drops Six Who Refused to ‘Work for $3 a Day

RAMAPO, N. Y., Aug. 4 (U. P) Welfare Commissioner Fred: B. Nidd, who frowns upon joy-riding relief recipients, disclosed today he dropped from his roils six men who turned down farm jobs at $3 a day.

explained, ‘all relief recipients who. refuse to help farmers harvest their | crops will be:denied relief.

| mabe to get sumtcient help to pick greens and harvest other Ee ls on relief can make $2 a day at this work while married men are paid $3. Mr. Nidd recently confiscated the

relief recipients he said were joy-

Commissioner explained | he had no objection to relief recipi‘ents using their automobiles for To threats by several automobile activities would be reported to Governor Lehman, Mr. Nidd has countered with the assertion that he was

Ramapo Vally farmers have been |

Operating w under State law.

: TONIGHT 6:00—Rudy Vallee, WIRE. 6:00—Men Against Death, WFBM. 6:30—Boston Symphony, WBOW. 7:00—Toronto Symphony, WIRE, 8:00—Bob Burns, WIRE, 1

"The opening "concert of Amefica’s most illustrious summer music festival will be broadcast at 6:30 p. m. today when the Boston Symphony Orchestra, under Serge Koussevitzky, inaugurates its fifth annual Bershire Symphonic Festival. Station WBOW in Terre Haute (1310 kilocycles) is scheduled to carry the entire two hours with WENR taking the last hour, ‘The program will open with the Bach cantata, “Ein .Feste Burg ist unser Gott” (A. Mighty Fortress),

| the orchestra being assisted by the

Cecilia Chorus of Boston. In the final choral. movement of Beethoven’s Ninth Symphony which follows, the soloists will be Jeannette Vreeland, soprano; - Anna Kaskas, | contralto; Paul Althouse, tenor and

| Norman Cordon, bass:

‘Olin Downes, distinguished ‘music critic of the New "York Times, will ‘discuss the Beethoven work during intermission. .

Indianapolis . Times

ER (CBS Net.) Four Notes

Doris Rhodes Tea, Tunes |

Martin or.

aw]

Nina Dea

-Purthermore, Commissioner Niddé—

HONEYMOON BOAT © DOCKS AT PEORIA

PEORIA, Ill, Aug. 4 (U. P)— Mr. and Mrs. Andrew W. Anderson honeymooners from Oakland, Cal who are drifting down the rivers from Chicago to New Orleans in a house-boat, had docked here today, 10 days out of Chicago and a week ahead of schedule. Myr. Anderson, 29, a graduiie of the University of California, and his bride, Leoa, 24, began their unusual trip July 20 from the north branch of the Chicago River. For most of their progress they count on fows from other river craft. Without them their boathome, “Dixie Clipper, py averages 10 miles a day.

“ON THE RADIO

The discovery of antitoxin for rabies by Louis Pasteur will be dramatized during the “Men Against Death” program. (CBS-WFBM, é Pp. mv). ' 2 os 2

Bob Burns, on the Kraft Music Hall (NBC-WIRE, 8 p. m.), will have as his guests, Joan and Mary Brodel, actor Walter Huston, poet Ogden Nash, and Joseph. Bentonelli, tenor, of the Metropolitan.

Dr. Frank Simon, band depart. ment director at the Cincinnati Conservatory, will appear as guest conductor of the Toronto Promeenade Symphony Orchestra at 7 p. m. today over NBC-WLW. The ore chestra will be heard in Goldmark’s “Sakuntala” overture, Svendsen’s “Carnival in Paris,” and “Cortege,” from Rimsky-Korsakow’s opera, - “Mlads.” : : Alberto Guerrero, pianist, will play Sriege Piano Concertp in A

Rudy Vallee (NBC-WIRE, 6 p. my will have as his guests, in a broadcast from Chicago, Raymond John=son, Paul Lukas, Sheila Barrett, Jo® E. Lewis, Ruth Fair and the team

THIS EVENING

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KEY NETWORK STATIONS (Subject to change): NBC-BLUE—WJZ, 760; WOWO, 1160; WENR-WLS, 870; KWK, 1350. NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 776. MUTUAL—WOR, 110; WHE, 1390; WHKC, 640; CKLW, 1030;_ WSM, 850,

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