Indianapolis Times, Indianapolis, Marion County, 20 May 1939 — Page 12

SATURDAY, MAY 20, 1939

RALLY RESUMED

IN STOCK PRICES = =r

ON N.Y. BOARD i:

Thin Market Prevails and Issues Gain Rapidly On Small Sales. |

NEW YORK, May 20 (U, P)— Rallying tendencies were resumed in| stocks in the short session today,!

a point in quiet trading. With the ranks of the Street depleted by week-end absentees, thin markets prevailed for many issues and they moved up| easily on small buying orders. Bonds also were firm. Commodity markets were little changed. The foreign exchange market was quiet and little changed. News before the market leaned toward the constructive side. The

traders in

automobile industry furnished the j

most cheering news. Chrysler president K. T. Keller predicted that this year’s production would top 1938 by | some 40 per cent. Advices from various centers indicated that retail sales of new cars thus far this month were running 50 to 100 per cent ahead of a year ago.

Retail trade figures for merchan- |;

disers also were encouraging. The improved European political situation, prospects that steel operations will hold steady, or rise slightly next week, and a strengthened technical position for the market were other Tatctors eh behind the rise.

$6.90 TOP PRICE PAID FOR HOGS

Weights of 160 Pounds and Over Decline 10 Cents Here; Others Steady.

A top price of $6.90 was paid on 180 to 200-pound hogs at Indianapolis today with receipts fairly heavy for Saturday, according to the Bureau of Agricultural Economics. Weights of 160 pounds and over declined 10 cents while lighter weights were steady. Estimated salable receipts were: Hogs, 2000: cattle, 50; calves, 25, and sheep, none. Top

y Ropts. May

1800 13 ' 10,310 If G398 20 6811

Top Ropts. S$ 10 0855 5.00 10,110 6.90 2000

T.10 7.00 7.00 5.20

Barrows and Gils Pac ching Sows Good and | 275- $ 5.90- 620 Choice— 350 65- 6.10 140- 160 8 6.40- 6.85 425- 15- 580 6.65- 6.90 Medium - 6.85- 6.90 275- 250 1.906.75- 6.90 Slaughter Pigs 6.60- 6.90 inod and \‘hoice— 6.50- 6.70 100- 140 $ 6.15- 6.65 6.20- 6.50 Medium 5.65- 6.40

(Receipts, 50) Bulls D0 All Weights— 050i G'd bl 2.75) Medium 5 Cut com

Vealer 5'All Weights Choice. $8 9.50-10.00 Good . 8.50- 8.50 Medium 7.00- 8.50 Cull and common. 5.50- 7.00 Calves (Receipts, 25) Feeder and Stocker (3 Cattle

9.75-10 50! Chote, ! 500- 300 $ 9.50-11.00 9.00- 9.95 300: 10 9 50-10.00 8.25- 9.25 Roc 800 8.75- 8.50 800-1050 8 75- 9.50 you 8.25 Medium. ws 500-105 8.00- 8.75 “s 7.25- 3 2 Common %.50- 825 6.50- Heifers 6.00- 6 Soc 4.25-

4 5 5 530 5

5.80

1300-1500 Medium — 750-1100 1100-1300 Common Plain 00

T50- 900 Medium — 550- 316 Comm 550- 00 _

Good Medium Common Low cutter & cutter

rood and Choice— t 500- 750 $ 7 05- 8.25 6.000 Common and ! medium £.00- 750

AND LAMBS none) Lambs Choice $ Good and choice iY Medium and good wes (on Horn basin) Good and choice Common

CHICAGO LIVESTOCK

Hogs—Receipts, 200: no early sales: undertone around steady: for the week hogs lost 15@25 cents, weighty butchers f most: closing top. $7.15: 260-280-1b. bute hers. [email protected] at close: 290-350 Ibs.. $6.25 @6.60; packing sows mostly $5.25%5.90 Cattle—Receipts, 00: calves. none. market nominal; for the week good to neal choice medium weight and weight steers 25@35 cents ‘ower: strictly heavies and finished vearlings vearlings scarce: other vearlings and s steady to 25 cents lower. she stock active: heifers steady: cows 25@50 cents higher: bulls 25 cents lower: vyealers broke £0 cents: strictly prime specialty steers topped at $14; next best. $12.50: best vearlings $12: mixed offerings, $11.25. fed heifers $11 rank and file fat steers sold at $9@ 11. Sheep—Receipts., 3000: for the week fed old 75c@$l lower. fat lower: spring lambs lower. week's top old $10.25, closed, $9.65: [email protected]: best clippers $9.15; bulk, $8.50@ 8.75: springers $11 native, $10.65; several loads medium grade down to $9.50@10. best fat ewes, 34.75: ven little above $4 at close; bulk with weight [email protected].

OTHER LIVESTOCK

_L LAFAYETTE, Mav 20 (U, P 10 cents lower: 160-200 Iibs.. $6.50 5: 200-240 lbs., $6.55 6.70. 240-325 [email protected]. pigs. $6.50 down. roughs, Mm, ©

SHEEP (Receipts, 00- 9.10 50- 8.90 25- 8.25

3.25- 5.75 2.00- 225

fed Hol Ce

steady tof I's

market nominal Crop Ww ooled lambs sheep 25@d cents weak to 25 cents crop wooled lambs bulk for the week $9.50, closed at hest California $11.10, closing

HOg mar-

lhs $5.75 alves, $9@ 9.50. spring lambs, $10

FT. WAYNE, May 20 (U. P.). —-Hogs Market, steady to 10 cents lower: 1bs.. $6.75. 180-200 ibs. $6.65. . 220-240 lbs.. $6.50: 2406.30 280-300 s.. $6.10; 325-350 lbs, $ 100-140 1bs.. $6.15 $4; calves, $8.50. lambs

20 (U total

$5 25. stags, $9.25 Py Hogs 1150; holdabove 160 Ibs 10¢ top, $6.95. 250 $5.50 down ig calves, 75

CINCINNATI, Salable over. lower 350 Ibs Cattle—Salable Sheep—Salal ule

Chicago

May

receipts, le receipts,

St rocks

High Low 23's 227

9917

or 1g 66 273%

Comwlith ‘Bdison "a 10,

Comp Ind Gas S Bis

I Alr

8 Gt

~~!

FINAL NEW YORK BONDS

By United Press

UU, Chrysler Pathe Film Gen Motors U § Steel Anaconda Bendix Avia Tri Cont . bah Bkiyn Un G ... 2 | Mont Ward [Comwith Ed Beth Steel | Hecker Prod | Cons kd Comwlith & S..

CIv%e change

3% Se 91% 13315 HY

ve | Kelsey -Hayes B

Stock sales approximated 190,000 prices pushing forward fractions to! shares, compared with 160,000 shares sales were 31,000 shares, the smallest since June 11, 1938, compared with 36,000 shares a week ago.

last Saturday.

Reduc Alaska Jun Alleg Lud Stl

1S =I 00 we OID St mI DD =I =] OO 3D

BO 2a bd 2 oa

A Ee

— F300 i 0D dk Spd ek CDR gil BAER eas DDN

po Wades DONE 0 =I D+ lit

PN NN &

Waolen pf Anaconda .... Armour Ill . Armour Ill m pf 3 Armstrong Ck.. 3 Arnold Const Asso Drv Gds Asso Inv pf ww ¢ Atchison tere B Atl Refining Atlas Corp . Aviation Corp. .

1 CO BLO OU a

Bald Loco ct

1312 Beatrice Or 50f 100 Bendix Avn ... 231% Ind Loan. « 19% : 48

Blaw-Knox Boeing Borden . Borg-Warner Rdgept Brass .. Briggs Mfg Bristol-My .... BKlyn-M T 11 Bkivn-M Bklvn & Bklyn & Bklyn U Gas Bucyrus-Erie Budd Mfg pf Bulova W Burlington M Butler Bros Butte Cop & Z Byers A M

Byers pf

Callahan Zinc Ca

Carpenter Or ase J terpillarx Cat erpil T Celanese Celanese pf Celotex Cent Foundry Certain-teed Certain-td 6 Ches & Ohio Chi Mail Order Ch M StP & P Chi & Nw Ry Chi Pneu T Chrysler City 1 & F City T & F Climax Moly Cluett Peab Coca-Cola A Calgate-P-P Colgate pf Cal & Aik Col Beac Oil Cal Broadcast

T pf. .106_

17% 941

—

pt pk mT = CR

pf Co

| Col Broadcast

Colum Gas Com Credit 5% Com Cred € pf 106 Com Inv Com Solvents 2 Comwlith Edison 28 Ccomwith & So 13g Cmwith & Sopf 57 Cons Aircraft . Cons Cig pf Cons Edison Cons Edison pf 106 Cons Laundries Cons Oil Container Cont Bak Cont Can Cont Ins Cont Mot Cont Oil Del Crown Zeller Crucible S% Curtis Pub Curt Pub pf Curtiss-Wr A

‘urtiss-Wr cu pt 110 C is

1012

xv.

¢ ushmn 8 pf Dav P&L Deere & Deisct W G Del & Hud D Lac & W Det Edis Dev & R Diam Duglas Dow Che Du Pont Duques

a 2 1673

Fol Ah Food Mach Foster Wheel

Robt

Gair Am

Gen Gen

S., ‘Gen . Gen 20. Gen

Gen

. Gen

Gen Gon Gen Gen Gen Gen Gen Gen Gen Gen Gen

G&EA § Mills

Mills pf

1 Gen

& R Gillet te 8S R Gimbel Bros

xlidden Adolf

Gobel Gobel Brew

3 | Goodrich

Goodrich pf Goodyear (wtham Hos Granhy Grant W T Gt North nf Gt Nor Ore Sug

2 Green

Goodvear T& R Jarvis W

Sangamo El Seri iy Corn B Swi

" FOOD OD PRICES

CHICAGO, May 20 vo P \ 56 PRies - dichigan Spys, bushel, [email protected] weet atatoes—-Tennessee, bushel hampers, $1.10 Carrots itfornia, crates. $2@ £ Spi nach--Missouri bushel. 40@ 75c. Tomatoes—Jlorida. lugs, [email protected]. Cauli-| flaver, erates ol 4571.59, Cel ery—Florida, | erates, $2.15%403.25. Peas — California, | | hampers, $1 35615 Onion market (50-1b. 52 ks) — Texas Seijow. ormudas, 60@ 90c; Tomes ex. 900 on yellow Dan8, Tegra

| Int

Johns-Men

West H L Grevhound Cp

Hall Print

Homestiake . Houd-Her B Househd F tlowe Sound 2 Hud Bay M&S Hudson Motor

pf El M Marine M Marine. . Int

Mining Int Ns Shel 4 i Int wh Be t beh 1 30% Int R C Am pf 54 Int T&T ..... 6%

ge wees 68%

—

BDI De IND oT

ps 100 OI ve

BO ed JB i 1D roo

Ire DWI rr LOD oN

BOO 0D Sk pe D3 C0

DOI CO Dd Jr Dt 3 -

100 Pr > oae Nn aven

fk CD pt ED Yk pt a] STI =I OD COLI i a e Y

LOND

am od NN

— 3 (IID DON a JI

68%

Curb stock

Net Close Change

ged rs gs To=I0 300500 00 Le

be DE TPO RD IND

Ba pk 1D

Bhs “- >

ID ed DD pk 2 C1 pl ed BS WO = OD UTD 1S — ” 1 aw »

» nr BS Os Dt HDD w vo

wn Bogs ~ aa

of we oy Nowa

smn

kk ok > IVD we ITT DD TN i ST III WI HU

po Ho o

a Lo 3 BS T Ld B00 BIINIE 2 03 AM DT . Moa a - » “a Fw ANE ow

a%% & EE

2 &

«7

cD ee

2 Two

Com Edis 1':s 68 s

aT |

a POO nw

IN XY Cent

> Ttalv

| Kinney

| Loft,

Month ago

| 1938 | 1988 [198% 198% 41 (Copyr right

SNE

| Asso G

High Low

| Kalamazoo S&F 1304 Kelsey-Haves A o

31% ‘ig 1415 23 25's =i

Kennecott Kinney 5 pf.

Kresge SS Kroger G & B

Lambert

re san

oat ata

Lehn & Fink. . Lerner Stirs L-O-F Glass Ligg & My B . Lion Oil Ref . LIOBW'S 0 «cys bi Inc

Wt BD BO “TEI 5 00 0 a tk BI CO pit pt 3 GY ENE ae

Loriard We Lou G&E A ...

FL 28

Macy Man Be mod wd Marine id . Marshall Fld Martin Gl . Martin Parry Mathieson Tay Maytag pf McCrory Mcintyre pore’

Midcent 13% Midland Sh ot 110 Minn Hny ... 5874 Mo- Tex . 13% Mo-K Tex pf... 43% Mo Pac pi Monsanto . 05% Monsanto pf B 121 Mont Ward ... 48 Motor Prod ... 1 Motor Whl .... 1 Murphy G C... Murray cas

N. vy. Bonds

BOND PRICE INDEXES 20 20 20 Inds. Rails Utils. S4.8 Ma 101.0 . SAR S50 101.0 85.0 Na 10e . 83.6 jL6 99.9 . 80.6 MY HA 9.5 91.8 101.1 61.0 101.9 MS 9 50.0 99.7 17.9 81.3 101.2 106.0 1 69.3 92.3

11% 35% 58 .. 5%

esterday Week ago

Year ago years ago 1939 High

1939 . Sa.

ee cm

10 MOST ACTIVE BONDS

Net Month Year Ago 98% MY 11% 5 tig 118 ! 9“ 09515

37%

Close Chge. Ago 100 15 A155 10212 101% 1034 11s 33g 107% nm

Mont Pwr Postal T&C Am T&T 5'us Goodrich 6s 15 Goodrich 1'ss 56 So Pac 1lus 6fgww Com Edis 8'2s 58. Chi NW 1%s 39. Se Pac 1'as Xl

3%s 66 5s 53 43

99 100 13 ¢ 10%

Bond transactions totaled $2,543,-

350. GOVERNMENT BONDS Treasury Bonds High 11 A 11

18 8 20 3.17

1065- 00

Federal Farm Mortgage Bonds 1945-44 109.12 109.12

Home Owners Loan Bonds 1949-39 ..101.23 101.22 1044-42 105.12 105.12 Federal Land Bank Bonds 1956-46 108'n 108 x 1955-45 ..108'z 1083s 1956-46 108 3-16 108 7-16 1850-45. . 1005 1097s 1946-44. . 113% 1137 DOMESTIC BONDS Low

Jan July S hg 314s May | 4s *uly

Abitibi 5s 53 Alle Lor. 5s 44 109% 10034 106 57 567% 20 . 197% 415s 6B0cV 11 Stl 4l4s 60 ‘ ) 107 Sti_3%s 6 104' 2 Can Na Ry 5s Oct b Can Na Ry 4'zs Can Pac 4! 0 Can Pac Can Pac Certn-td Chi Bur Ch & NW CC L 4

Cley Clev Com Com cans Cons lis Cons Edis contain Duquesne 3': Elec Auto-u Goodrich 6s Goodrich 4's Hoe Co 6'us 4 Inland Stl 3° Int Mer Mar Int T&T by 5H! Int T&T 4's Se Jnes & Leh Loews ne 32 Lou Ark Rv 5s 69 Mead Corp 6s 45 ww N XY Cent ref bs 2013 4'e8 2013 N Y Cen 45s 2013n N Y Cen cn 4s 42 33 46

} eh 3°

bk pk fk fk pk - oe

4 — POL OoOODODD 604 1% IID TOD NNO TWINS w “ Fi —-

: — a io Ou

= » a» a J LINBO OMIT =1 Tr 00x LESS

— HOD PDHO DOB OTN BBS

Pe enn Penn Penn Penn Penn Penn

Mam

RR cn 4'>s 60 . RR gn 41.5 65. . RR 4'4s D 81... Penn RR 4'as 84 Penn RR cn 4s 48 Penn RR 3'i4s 52 Rem Rd 4'is 56 ... 4!'.s 56.. 4l,5 61 e Lin 6s 45 3:5 50 103%

TOV Daw =i]

-—G »

Air Jac

Vanadium Whash 5los 2 Wabash 55s B 7 Wabash 5s D 80 2d 5s 4,5 78 vane Bro 6s 48 S&T 4s 61

FOREIGN

Wabash 38... Wabash warner Young BONDS High 03 Va vee SA V2 «9%

Low Argent Argent 4'zs 7 Argent 4s Argent 4s 72 Apr Australia 5s 55 Australia 4's $ hh

QOzochosloy Denmark Denmark 4'-s German 5':s 65 Ts 5 6l.s 54

Curb Stocks

High 95% 24

Japan

Net

Close Change

Low

Alum Co Am Am Airlines Am Cyan B Am Super

Bath Tr

4 | Bellanca

| Brewster

{ Cities Serv ie Neon Lts e ol 0 & Com & So Courtaul+ 1 Ns Sh

— aay

—

3. vts

f Oy IY,

Lockheed Mont Ward A Mont LHP? .. &L pf.

8812 3% unray © echhicolor

i hh 4

Net Close Change

1939, Standard Statistics Co.)

Low C

SID APL I DD LE el 1 Led

Ix Tin x

| DOW-JONES STOCK SVERAGES

80 INDUSTRIALS

senanssnseeny 131,22 tessesssesssaniaes 123.38 ceasssnsasaesaes 132.40 ship «oo 128.55

5 | | Yesterday nl | Weak age *{ unh ARO . | Year ago

n| High 1989,

154.85; low 121.44, | High 1938,

158.41: low 98.95. Yo 20 RAILROADS

+0.24 |

25.19; low 15.14.

Net

High Low Change | |

Beh V “10! Aviation .. 9': lg 2 Wahl | Biscuit 26 7 7 Bondshar Cash Reg. Dairy N ! Dairy pf A 112'% Cyl Gas 9% Gypsum es Hg

, Lead Mal & Bt Pwr&Lt

ve Ya |

Ya |

Eebstery

Ya 1 |

315 2 ve Newport Imd .. 2 CETL NX. Cen jural 1a 8 NYO&StL NYC

pf 21 Omnibus }

Soe 2 &H

nt | +44

1s | Ye #0.0 No Pacific 80.0

80.1 Ohio Oil 79.4 Omnibus , Omnibus nf 76.8 Otis Elev 060. Outboard Mare : 1.6 Owens Ill Glass !

1 1 1 1

WI eG aH.

83.0 | pacific Lig ~0.7 | Packard 00.3 {Pan Am_Airwys 4 Paramt_ Pict 81.1 Parke Davis | Parker Rst {Pathe Film Pen & Ford Penney {Penn R . Pere Mgt pr Phelps Dodg Phil Moxris . Phillips Pet Pittston . B " Ric-Am A Stl Car & G 55% pf 135

| 5

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& pr

Prf

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pt IC = CY DDBIIDN Te DO

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Safeway . Safeway 5 pf. . | Safeway 7 pf. {St Jos Lead Schenley Dist Zohulte R

Dc Ld

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Servel Inc {Shell Un Oil Simmons Sloss Shef Snider Pkg Sogony Vac S Por R Sug South Pac South Ry South Ry Spalding S

pf :

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pt 3 ok pk kt eb 2 NG pk =] a NO a ry Pk kp pl pk YR pk i Y P20 in Dn BI Tt IB TVDD et oa ND

tw of GF 8

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Spicer | Spiegel Inc sSquare-D .... Std Brands

[pope LOB —— oe

on Go >

wT BT pk pk PAID ean

POW -TDH DBE NOE DS

Stone & Web Studebaker Sunshine M | Superior Stl Sweets Co Swift & Co . Syming-Gould

op a Para

Texas

Corn Tex G i

row

- CRN

Ck pt - Cs pi - 00 UY ID WO N00 THAI <T <1 <1 <T100 w a

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'B & West Air Tri-Cont 20th Cent-Fox 20th Cent-FPx pf Twin C R T df Twin Coach ..

oo Nee

£20 ONO DVIIVDNIT TT

Union B & P Union Cash . Un Oil Cal Un Aircraft Air Lines Biscuit Carbon ted Corn United Cn of qr Un Dvewond pf

Unit ed Fruit

NAN RDN DnB

Vadsco Sales

Victor

. c [Va FIP 6 pf

Warner Bros Warren Br Wavne Pump 2 Wes Oil & S§ West Pa El

| T Haute Water

, | Tract Term Corn

8 |

s | Yellow Tr FH | Young Sheet

INCORPORATIONS

| |

| Ten

The Daviess County Land & | €o.. Wagiington; amendment {name to Daviess Jounty Inves:m S land other amendments. ent Corp: | Fletcher Realty Co., Indianapolis: {demption of preferred stock. Mason Motors, Inc. 221 | Kokomo. resident agent, same address; par value, t cessories Ralph Mason, G Vig ok ooh Glen R. Hillis, ip Top Sailors, Inc., De'aware corporation: admitted to Indiana to and boys’ cl thing. deal 1 men s| Vy aitoks Caal Co. of Delaware, Inc. Del- | corporation: admitted t sell hitum ous coal. ® Tndisna to onal A & Lumber Co., Indian- | apolis; amendments increas from three to five, asing diveciars |} | Palace Building Co.. Gary: decreasing preferred stock to 430 shares | Co.. Inc.,

hl of $100 par value, i REA Realty resident agent, H. W. Gilbert i : , capital stock, 400 shares ert emin ons par value: real estate business: John F |Shea, Earle Ben Howard, Jerome I. Stevens, H. W. Gilbert, H. 5 Bowman, Lee Evans, Lowell Jones B. O. Fowler, Ray

E. Atkihson i ‘hite Farms, Tnc., Dana: resident Max White. Dana: capital SE no ar value: onerate farm | Grace S. White, Max |

0. White SiiebiTd White aird Aircraft Corp., La Porte: amend- | ment §Penging na name to Aircraft Corp R. H Son ipton: reeistration | Cake Flour” and

oods and ingredi-

Te- . Sveamore St..

J. "Ralph Mason. | capitai stock. 250 shares no

amendment |

Remington

of trade-marks, ‘Snow Flake , ents of foods.

clos, 45:

Ta Keep Valuables Safe Rent a Safe Deposit Box at

n THE INDIANA NATIONAL BANK of Indianapolis .

THE INDIANAPOLIS TIMES

0.84 | | +005 |

[commissioner [Big Ten,

UPTURN PREDICTED

' the early spring upturn which has velopments

EL level out >

"* ‘Housing Administrator, , pleted plans for establishment of a

2 | mortgage association to finance fac-

+ Roosevelt.

3 Ma We | designed % | building projects. * | Moffett

« in insured mortgages now

, | subsidary.

‘| LOCAL ISSUES

recent transactions s

IN Ind Pub Serv «| N Ind Pub Serv , | Progress

Pub Serv

5 | Union Title Co_co

Crabbe Reynold: -Taylor

2 | Morris 5&10 Stores 5% 50

[Expenses | Customs

‘ FOREIG IGN "EXCHANGE

to deal in automobiles and ac- | F

9c:

|over,

! ° 11'z¢ | gros:

A ‘Policyholder’

CHICAGO GRAIN TREND UNEVEN;

Position of Short Interests In Trading Pit.

CHICAGO, May 20 (U, P).-—

RAIN FORECAST

May Wheat Firm on Tight!

ON THE

TONIGHT

7:00~Tommy Riggs, WIRE. 8:00—Phil Baker, WFBM.,

TOMORROW 10:00—Radio City, NBC, 1:00—~CBS Symphony, WFBM. 4:00—Silver Theater, WFBM. 6:00—Charlie McCarthy, WIRE. 6:00—-NBC Symphony, NBC. 7:00—Detroit Symphony, WFBM, 8:00—The Circle, WIRE, 9:30—Jack Benny, WIRE.

“Good Music” by James Thrasher

| Wheat prices followed an irregular trend on,the Chicago Board of Trade today. May wheat was firm, | reflecting a tight position of short | interests with only one more trading | | [day on Monday. declined on rains in parts of the] Maj. John L. Griffith |spMing and winter wheat belts, but |

Coaches of universities and col- | met fair support on the dip. leges in Indiana are to be guests| At the close wheat was up % of the Indianapolis Association of | cent to off '; cent, May 797% cents, | ‘Life Underwriters at a “College oorn was off 3% to % cent, May 50% yo ncheon ioe ng Thursday | cents, and oats were unchanged io in the Clay Maj. John L. Griffith of Chicago, | i lower: May Ig cents a of athletics for the 1e weather map showed rains will talk on “A Polic {in the Canadian and American ‘holder Speaks on Life mane” spring wheat belts, and showers as lat the luncheon. far south as Kansas. Selling | Hilbert E. Rust, head of the as- | encouraged by the beneficial | sociation, will preside, and J. R.| | moisture uncovered good resting] 'Townsend Sr. general agent for Order support. |the Equitable Life Insurance Co. of | The forecast for Kansas, Nebraska, Towa and former track coach at | and the Dakotas was for fair and ‘Wabash College, will introduce | warmer over the week-end, and | | Maj. Iriffith. Sere were predicted for other — | States, Liverpool closed '; to ': cent lower | in a featureless trade.

FOR TIRE INDUSTRY

Oats rye

on selling by local interests. held around steady, while SPRINGFIELD, Mass, May 20 showed a strong undertone. | (U. P).—Col. Charles E. Speaks,| , president of the Fisk Rubber Corp., ‘ y predicted today that 32 million re- Traders Watch Squeeze

placement tires will be sold by the |n May Wheat

industry this year. Col. Speaks based his forecast on| CHICAGO, May 20 (U. P.) —Dein the expected

ak ol het th ean “squeeze” of short interests in May vision. e asserte S yw . reli . 9 buying is “an encouraging sien that wheat futures mystified traders on previous peaks and valleys of the the Chicago Board of Trade today tire buying seasons are beginning as the deadline for settlement neared. With Monday the last day for | trading in May futures and unfilled |contracts of five million bushels of wheat, shorts were faced with the necessity of buying in their contracts in the pit at soaring prices or else delivering the actual wheat before the end of the month. Local elevator stocks of contract

taken place in the replacement di-|

'MOFFETT TO FORM CREDIT ASSOCIATION

WASHINGTON, May 20 (U. P) —James A. Moffett, former Federal lion

bushels which means é has com- then

shorts may have to buy wheat at outside markets and pay a premium for it to cover their commitments. No one knew how settlement would be made.

CHICAGO GRAIN

RANGE

| 200-million-dollar private national {tory and home building | Mr. Moffett revealed his plans after a conference with President He said the association would be set up as soon as Congress completes action on amendmen's liberalizing the FHA act. Legisl2 tive approval of the amendmen: expected shortly. Moffett said he proposea to set up the association under Title III of the Housing Act which is to encourage large scale

Prev. Cc ose a

Wheat— May is{July . ' 2 334 n : > Sept reve, . 3; 3% el

Low Close

50's Sent gh Oats— May

Sept Rye—

The new private association, Mr said, will be prepared to take over some 100 million dollars 33 held by Sept. . the Federal Mortgage Association, Soybeans— a Reconstruction Finance Corp. May Oct

Sept The following quotations by the Indian- oct. apolis Bona & Share Corp do not repre- Dec sent actual bids or offerings but merely indicate the approximate market level

based on buying and selling quotations of CASH

red, 81c. No. 3 hard ; No. 2 vellow hard, 80 Corn—No. 2 mixed, 57'2¢; mainly white. No. 1 yellow 521.@53¢c Few 52% @53¢c; No. 3 vellow, - white 37 58'2@ 583% cc. sample -No. 2 2 mixed, 32':¢: .10. 2 white, 33554 Tae No 2% (3 white, 391; @33 xc No. 4 white, 32a@ 32%c: sample, 31'ze. Rye—No sales. Barley—Feed, 45@45¢c nominal; malting. 50@ 10C nominal. Sovbeans—No. 2 vellow, 97c; {No. ° yellow 8% Tigothvseed $5 85m 13.15 nominal; red clover. $1350@ 17 td nal: red top [email protected] nom‘'nal 1061: provisions—ILard $6.37 nominal 29% 3567 nominal; leaf, $5.62 nominal; 85 $7.25 nominal,

LOCAL GRAIN

99 CASH Steady. receipts, 4 carloads: T6@ 7c; No. 2 red, 75@ 76¢c 7812@T4'2¢: No. 2 hard Pas receipts carloads: , 447.@45'%c: No. 3 Yellow, No. 4 vellow, 42':@43 to 6; cents over eo: to 12z¢ under vellow - receipts, 6 ca ads; No 2 white, No. 3 white, A @30' zc.

heat—No. 3

Ww foe No. 4 hard. 78'z¢

Ask 9 54

Stocks Auto Invest Sort . elt RR & Stock Yds com.. elt RR & Stock pfd ’ Cent Ind Paw 77% pfd Home T&T Ft Wayne . 5 Hooks Drug Inc com von al Ve 12 Ind Gen Serv 6% bp ( Ind Hydro Elec 7% 69 2% Ind & Mich 7% opfd... 2 Indpls Water pfd “v's |Indpls Gas Co Indpls P&L > » indpls P&L 6! Lincoln Nat Lf Ind Pub Serv

104 Cash loose bellies,

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T Haute Elec Co fa ~ - Wheat! No Van Camp Milk No. 1

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46 “eh 41,8 61 .. 1 5s 42 ea Hom: T&T Ft W 5% 55 3l@32c¢: Home T&T Ft W 67% 43... Ind Asso Te! v7 65 Ind Tel Co 5% 60 Indpls Railways Inc oF

WAGON WHEAT City grain elevators are paving for red, 7T4c, other grades on their merits Sash corn, new No. 2 yellow, 46c. 9c,

50 Muncie Water Wks 6% 65 Natl Silk Hosiery Mills bs 42 | Noblesville HI&P oY 47 | hio Tel Co ‘ . ublic Te: a's 5 wu, § IR mong Water Wis 57% 49 Sevmour Water Wks 57% 49 Wks 5% T Haute Water Wks 6% 49

Kuhner Packing Co 8% ” —— LIVERPOOL WHEAT

High Low (old? . 865% $644 (new)... .59% 595% “ely 61% 64 65'%

Close $644 595% 61% 64 65%

Mav May July Oct

(By M P Crist & Co.) Maver St Investment Corp. 20 34

U. S. ST ATEME

WASHINGTON. Mav 20 (U ernment expenses and receipts current fiscal vear through May 18, pared with a vear i This Year Last Year | . $8.050.551,021.97 $6,574,.554.643.81 3.750 126,320.05 385.469.673.33 3.090.424 701.52 189 1784 970.48 3.053 3.549 651.72 ,130,591.520.48 3 676,352,496 238 097,430,025 59 444.360 581.58 2,808 758.833 .9% 328.812, 180.88

Hou Oy

Official Weather Corn and Wheat Region

By U

Govthe com-

for S. Weather Burean wa.

—May 26, 1939

Precipi- State of Stations High Low tation weather Notre Dame .. 0 Cloudy Ans Bola “BY PtCldy Wl Cloudy Roc rh Cloudy Marion Cloudy La favette Cloudy Cambridge Cloudy Columbus Cloudy Vincennes Cloudy Paoli Cloudy Ft, Wa Cloudy Indianapoiis . Terre Haute Evansville

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NEW YORK. May 20 (U. P.) —PFeollowi |are closing cable rates on maior

| rencies: Cable Rates Net $4.68's 4.67 3 29 all 64 596% 1703

ng cur-

Change England (pound) ng. (60-d. hill rate) "Canada (dollar) .. rance (franc) Italy (lira) |Selgium thelga) ermany (mark) er. (travel mark) witzerland (franc) | Holland (guilder) Sweden (krona) orway tkrone) nmark (krone) Son (Franco pes.)

LOCAL PRODUCE

Heavy breed hens, 11'ze; Leghorn hens, | Barred and White Rock springers. 2: Ibs. and over, 17c: colored springers, Ibs. and un. 16c: Leghorn broilers, 2 Ibs. | and over 1dc; spring chickens, 2 bs. and 13c; old roosters, 6¢ | 1 strictly fresh country run e ! each full case must weigh 55 ad a net deduction of 15 cents for each | full case under 55 Js Sill be made. Butter—No i. 351 ae No 23'.c. Butterfat No 1 19¢; No. 2 (These Prices Quated by

Wadley Co.. A SAFE DEPOSIT S LOW COST BOX NSURANCE 9 Different Sizes

$3 to $100 a Year

Savings

130 E.

New crop futures |

Corn futures were steady to easier

grade wheat were less than two mil- |

nomi- |

R'2@13 0. |

No. |

Oats, |

For the second time this sea- |

son, Kirsten Flagstad and John | Barbirolli will join forces in an all- | | Wagner program when they appear with the Detroit Symphony Orches- | tra tomorrow night. Mme, Flagstad usually confines her activities to the Metropolitan | Opera House, with occasional concert tours, and Mr. Barbirolli sticks {pretty close to Carnegie Hall and his New York Philharmonic-Sym-‘phony. But, about a month ago, the [famous pair, with others, got together and did an uncut concert | version of Act II of “Tristan and solde.” For tomorrow evening's broadcast, Mme. Flagstad will sing “Du bist der Lenz,” from “Die Walkure,” and the “Liebestod” from “Tris [tan.” She will be joined by Winifred Heidt, mezzo soprano, a chorus land the orchestra in the Spinning Chorus and Senta’s Ballad from “The Flying Dutchman.” Mr. Barbirolli will conduct the | Prelude to Act III of “Lohengrin” to open the concert The closing numbers will be the Prelude to Act | TIT of “Die Meistersinger” and, from the same opera. the March of the Mastersingers, Chorale and Finale, in which the chorus also will be | heard. | “ o |

Speaking of Mr. Barbirolli and his |

following statement the other day | in his annual report, as president,

u ”

(The Indianapolis nown coments caused hy INDIANAPOLIS WFBM 1230 __(CBS Net.)

) Scholarship

station CRANES af INDIANAPOLIS WIRE 1400 (NBC- MBS)

Fl Chico Unannounced Home Edition Speedway

St. Joseph's Ca

Jr. C. of C. Air Newspaper

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PAGE 13

RADIO

to the Philharmonic-Symphony Society: “If the balance sheet of the society means anything, it indicates that the financial stability of the Philharmonic - Symphony Society for the future is going to be dependent on the receipts from ticket sales, radio broadcasting, radio memberships and phonograph rec~ ords.”

This is at odds with the frequent petulant assertion that symphony orchestras are run by and for a wealthy few. And it may surprise you further to know that radi> lis |teners contributed $28,000 to the New York Orchestra's sipport this past season. Yet they say that {something for nothing is never appreciated. » Musical America's “Mephisto” columnist suggested some time back that music's traditional Three Bs (Bach, Beethoven and Brahms) might have to make room for three more. He was referring to the three talented brothers, Brev, who joned. the NBC Symphony Orchestra last | fall.

They make up the bulk of the orchestra’s French horn section, and tomorrow Arthur, the eldest, will. have an opportunity to disp.ay his talents as soloist. He will be heard in the Mozart Horn C Concerto No.: 3, with Hans Steinberg conducting.

= »

Howard Barlow's Sunday after-. noon spot with the Columbia Broadcasting Symphony tomorrow’ will include a Sinfonietta by Anthony Donato, a Cedar Falls, Iowa, composer. The hour also will include performances of Beethoven's “Leonore No Overture, Haydn's Symphony No. 98, and the Overture to Vaughan Williams’ “The Wasps.”

u n Erno Rapee and the Radio City

”

[Music Hall Orchestra will wind up

their two-part broadcast of Mozart's Don Giovanni” at 10 a. m. tomorrow, NBC-Blue. And with the "happy ending, too.

n ” 5

THIS EVENING

Times is not responsible for inaccuracies in program ane

ter press time.) HICAGO

INNA wi LS- Soo) 870 WL

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El Chico, Kindergarten

Renfrew Gordon's Or, " " Gene Erwin

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Barn Dance Avalon Time

“Phi Baker Voy, Pon,

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Moon River

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2:00 Silent ¢ 15 ”

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3:30 2:45

Silent Rapp’s Or, » »

Unannounced

SUNDAY PROGRAMS

INDIANAPOLIS INDIANAPOLIS WFBM 1230 WIRE 1400 (CBS Net.) (NBC Net.)

INDIANATOLIS

CINCINNATI WIBC 1050 WLW 700

(NBC-MBS)

130

Civie Choir Silent 45 ”»

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Gospel Children’s Hour

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East Side

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Church

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Tabernacle Church Forum » y » ”»

King George Feld

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Festival Charm House Serenade

King & Queen

Davion Y.M C A

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Melody Hour

Melodies

Music B Hall

Bible Class

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Democracy Melody Hall

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Magic Ke Highway £ >

Review Melodies Concert Hour

True Story Roadside Church

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Shilkret’ s or. Melodies Vespers y »

Svmphony Club World Is Yours

Steelmakers " " Spelling , Bes

Silver Theater Catholic Hour

Hollywoqd Battle of Wits y »

With Flowers My America Ave Maria

My, Lucky Break Grouch Club

Sveedway aseball andwagon » »

Sneedway Heidt’s Or, Screen Guild

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H. V. Kaltenhorn __First Aid _ Week

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Peter Grant James’ Or,

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Walter Winchell Irene Rich

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MONDAY PROGRAMS

INDIANAPOLIS INDIANAPOLIS WrEM 1230 WIRE 1400

(NBC Net.)

IN 114 AN Af OLIS

CINCINNATI WIBC 105 ww 00

(NBC net.)

Early Devotions

Markets Tunes & Tips Step Ahead News

Birds

Kelly : & Marge 130 Hilitop House 45 Stepmother

on "Roundup Secattergood Big Sister Life Stories

Central City Other Wife Plain Bill Woman

Pavid Harum Lorenzo Widder Brown Bulletins

in White

Praver & Praise Tommy Sutten

Breakfast Jam

Checkerboard Unannounced

Time to Shine News

Checkerboard Breakfast Jam

Over Coffee Cups Top o' Mornin Fashion Footlights Devotions

Caravan Gospel Singer

Central City | Allison lia Blake Hannah

Linda's Love Vie & Suite Paul Pag Roan of Lite

Reflections Charm _ Wouse Home Folks Dr. Swing

Uncle Jiminy Dessa Editor: So Linda’s Love

10:00 Mary MoBride [10:15 Nancy James Farrell's Kitchen Echoes Singin’ Sam : Pr. Malone Farm Hour Church Hymns

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Homer Doriot Mad Hatterfield Workshop Club Matinee ‘oncert Beautiful Life " - Woman Speaks

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KEY NETWORK STATIONS (Subject to change): MUTUAL—WOR, 710; WHK, 1390; WRK. 840; CKLW, 1030; WSM, 850, NBC-BLUE—WJZ, 760; WOWO, 1160; WLS

CREAR SA Wak. or Va

WK, 1350.

WS Wak