Indianapolis Times, Indianapolis, Marion County, 22 May 1939 — Page 17

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MONDAY, MAY 22, 1939

STOCK TRADERS | AWAIT TALKS BY F.D. R., HOPKINS |

Most Issues Show Smail Am m Store Losses as List Marks La Time Today.

By Higa Low

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Aviation Corp. . .

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Bendix Avn . [Beth kel | Beth ot NEW YORK, May 22 (U. P.)~ Border Stocks marked time in dull dealings Bower’ Me today, traders awaiting scheduled speeches by President Roosevelt and coi & Aik of . Secretary of Commerce Hopkins be- Solum Gas. fore the American Retail Federa- Cmwith & tion. Cons Edison . {Cons Oil Most issues showed small losess. Crucible St A few, however, were up against the Curtiss-W A general trend. Douglas extended an initial 1% point gain to 114 points, but Glenn Martin and Boeing were soft. East 34 Pf +. Motors were depressed slightly by Positt Bide |. oy labor troubles at a Briggs plant Erie which forced curtailment of Chrysler operations. Chrysler stock, however, held its loss to a minor frac- Gen tion. General Motors was down a Gen small amount. Son U. 8. Steel was down points Gen to 441; Qembel 3 . Bond prices were mixed in quiet Gt North pf . trading. eit Cp U. S. Governments overcame early uneasiness to score gains rang- Hecker Prod ing to 5-32 point in all issues. ex- a TR cept the Treasury 2%s, due 1947-4 which lost 10-32 under oderate Il Central pressure. One new all-time hign int em nn 3} was registered. The railrc-4 group was icv _o, but losses were restricted to less thar, a point Utility bonds were steady. while local tractions ruled iraction- | ally below the preceding close In the industrial group, Invernational Mercantile Marine 6s moved over a point higher. Other price] changes were narrow. Curb stockse maintained an irreg- | ular trend in forenoon trading. | Volume was small Aluminum, Ltd., extended an early advance to Ss’: points while Aluminum Co. of America and Niles-Bement-Pond were up more than a point each after small gains at the opening. Fractional improvement was noted in Creole Petroleum, Glen Alden Coal Co. and United Light & Power A. Lockheed Aircraft, Carrier Corp. Electric Bond & Share common and 86 preferred, Fairchild Aviation and United Gas § Gas eased

HOG PRICES RISE 3 GENTS HIGHER

Gain Made in Weights Over 160 Pounds; Vealers Sell At $10 Top.

DH ERE

Bt BD pt Cpt 1S “JL DODIIDLY Da ts bk 13 pot et eee te er

pt ” w -

¥. Ae

So . 13 . 30's Ta “oh 29) a « 252

6 eR Er

rar

MAN ew

Air 63%

Douglas Du Pont

Firestone T

Cigar .... Foods G&E A Motors 43 Stl C pf . 17

DER, DE De

Johns Man

Kroger G&B

By United Press GENERAL BUSINESS General Motors-Cornell

ceding week; U. S. up 1 point to 63.4.

mission estimates 13 total soft coal output

week. National Lumber

207,000 feet vs. 332 mills previous week; 220,037,000 feet vs. booked orders 230,330.000 feet 231.668.000. Magazine Steel reports duction last week off 12 45 per cent.

CORPORATION NEWS

American Crystal Sugar Co. fiscal consolidated $1,234,465

vear endéd March 31 net income, $454674 vs. previous year. American Public Service come, $84,723 vs. $00,802 year ago. A Havana Electric Ry. After early 160 pounds

indecision, hogs above soid at 5-cent higher ices at Indianapolis today. Lighteights and pigs held steady. A Md) top price of $695 was established for 180 to 200-pounders,

080,766 in 1937. Manila Electric Co. come, $918,587 vs. Pet Milk Co.

anda

NEW YORK BONDS

———— Ne UNREG Press

Net 3 Last change Bh en

+ 1%

Business at a Glance

world | price index of 40 basic commodities in the week ended May 13 ad-| vanced to 61.4 from 61.0 in the preindex in gold

National Bituminous Coal Comweek ended May 1,100,000 net tons, off 1,652,000 from previous

Manufacturers Association reports week ended May 13 lumber output of 518 mills 231, 231,609,000 feet by shipments 216.964.000; | VS.

steel propoints to

Co. March quarter consolidated net in-|

Co. and subsidiary 1938 net loss, $717.975 vs. $1,

1938 net in$818.108 in 1937. subsidiaries

M0 1120

(1923-28= 100)

Net Last Change 21a oun 42% 10072 42%, 8's

FACTORY (ADJUSTED)

THE INDIANAPOLIS TIMES

Payrolls Contrasted With Living Costs

PAGE 17:

(1922-25 =100)

OF LIVING

PAYROLLS

MeCro MoKeesport “ | Mission Corp ..

«+. (Mont Ward _... Yo Mullins Mig B..

, 1929 1930 1931 1932 1933

| is la

| Nash Kely

Nat Distillers .. From Survey of

N Norf&w

ESL ay WHEAT UP

| Otis Steel 3g |

"y, Pen 17 Phila Co. 8 pf. y, Phillips Pet ..

Rayonier

| May Future Paces Chicago’ Pit Prices on Last Day Of Trading.

Safeway Simmons {Simonds S&stl. Socony-Vae ... South Pac south Ry perry-Corp Spiegel Inc Std Brands Sterl Prod Stone & Web.

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CHICAGO, May 22 (U. P.).—May| wheat advanced to the highest price for any wheat future since June, | 1938, under nervous short covering | on the Chicago Board of Trade Soe { ‘day. New crop futures ruled strong | io most of the session, but heavy | | profit-taking in the closing minutes erased gains of about 1 cent. At the close wheat was unchanged (to up 13% cents, May 80': to 81, corn was off 4 to cent, May 494, and oats were 's cent higher to 15 cent lower, May 33%. Today was the last day for the] trading in the May future, and any | open contracts at the end of trading | must be filled by delivery of the actual grain. start of trading today was 3,902, bushels. 5 ofit. $50,519 vs.! New crop futures were strong una ago. : |der the impetus of buying stimualt- | Pitney-Bowes Postage Meter Co. ed by poor crop prospects and high- | and wholly - owned subsidiaries er outside markets. Announcement March quarter net profit, $113, 145 that the Government loan program | equal to 12 cents a share, vs. $119,- { would be continued was another] [147 or 13 cents year ago. i constructive factor, Rome Cable Corp. fiscal year end-| The early upturn, which carried | ed March 31 net profit, $219,960, (the new crop futures a cent higher, | equal to $1.21 a common share, vs. met considerable profit taking! $71,027 or 37 cents previous year. (which erased part of the gains. Safeway Stores, Inc. four weeks| Scattered rains in the spring and | ended May 13 sales, $29,808,845 vs. winter wheat belts also encouraged | $27,975,462 year ago, up 6'z per cent; some selling, but prices held a firm | 20 weeks sales, $140,974,782 vs. $137, undertone.

| - | re

Tenn Corp [&PC&O

Transamerica . Trans & W Air

Le 0 “mow BU Tita 0 LE

* Un Oil Cal | Un Dyewood

W Pa El 6 pf.. Ss Westing Fl .... Woolworth hy Worse pf A 137%

Yellow Tr

| { Young S&W

526,811 year ago, up 2!'2 per cent. | The U. S. visible wheat supply deA. G. Spalding & Bros. quarter | creased 1,998,000 bushels last week. ended April 30 profit, $206,263 vs. net | North American wheat and flour loss of $128,648 year ago. shipments were 6,624,000 bushels,

" about twice those in the correspondRAILROAD REPORTS {nig week last year. Total ea Illinois Central R. R. Co. April| shipments last week exceeded 15 net operating income $1,110.881 vs. million bushels. $731,759 year ago; four months net! Liverpool closed unchanged to % operating income $4,321,320 vs. $3,- cent lower. Winnipeg [922,759 year ago.

after a weak opening. Texas & Pacific Ry. Co.

il steadied Minneapolis Four and Kansas City wheat markets {months ended April 30 net income | Were strong. $134,206 equal to 52 cents a share on| Corn prices held around steady |° 5 per cent preferred vs. net loss|in a light trade. The U. S. visible $81,074 year ago; April net income |Subply decreased 1,101,000 bushels $11,225 vs. net loss $72,079 year ago. last week. Oats started easier, but (showed a better tone in later tradDIVIDENDS

| ing. Skelly Qil Co. Regular quarterly $1.50 on preferred payable Aug. 1 CHICAGO GRAIN record July 5. Opening prices today on the ChiUnited Molasses Co. Ltd. Interimicago Board of Trade as reported | 712 per cent, less tax, on common by Thomson & McKinnon, were: for fiscal year ended Sept. 30 vs. July like payment year ago. $.71% @. 14%

$93 @.73%

SN @.501% S's @.51%%

according to the Bureau of Agricultural Economics, while few choice | offerings sold at an extreme limit of 87 Vealers sold actively with the top price at most of the fed shorn was unsold at a

INCORPORATIONS

Saw

and strong $10 while! lamb supply late morning hour, due to higher asking prices. Bulk fi of good to choice offerings were held upward to $9.25

CHICAGO LIVE ESTOC K

Hogs—Receipts 10.000 ly with Frida

Akron solution,

Mill Co., Inc.., Akron Goble Printing

amendment increasing

's Ranch, Inc.. R resident agent, Edwin F Are capit al t 100 Pp operate usemen ". Care) illiam ‘Gardner Indiana Culvert and Me rchants Bank Bldg. nt agent, Jacoh 8 Wn <t ock, Hg

rectors R. 2, Carey n el rise wi O D. Pipe Co., Inc. Indianapolis; same of $100 steel Pr Ives,

market e ite sh 18 ron a 1a Sebald, Stuart

res rodnct w R Boy ydme Amerie

Tippecanoe Ar ea Council Scout America, I'rankfor ame name to Boy Scouts of Trails Council, Inc LaFontaine Water Cn. liminary v di ssoh ion.

LaFontaine:

ne i to sel wade T

= FORTUNE NAMED TO

1d condit other Killings heifers weak to : and weak, buuls cows 25¢ down about ifers in run; best early . $11; veveral ulls $7.10 downwa down, $10 50 be 2 feeders sear heep—Receipts and fat trading few sal 710.95 Ste ac ad ewes. little

"OTHER LIV PSTOCK

PT. WAYNE. Ma ).—Hogs— | nounced here today 5¢ higher ha 80. 1806.70; 200 5: 220-240] Mr. Fortune, a

committee for 13

on cla ases

loads best

40 $9 65: loads. $8.95 10: | rd vealers vaid )

spar- |

6000: E

changed Mig Friday

and local taxation Chamber of Commerce,

member

years,

group encourage

(field of taxation.

10 MEET THURSDAY’,

(ireento Greenwood:

same adar

= Ba

uueorge 1511 resiaddress par Heber s of changing . Harrison

pre-

U.S. CHAMBER POST

William Fortune has been named ings chairman of the committee on state of the U. S. it was an-

of the previously - served as chairman when the com-| mittee was first formed in 1926 up-| on his suggestion that the national] local Chambers of | Commerce to greater activity in the!

Oats— 337s | Rye—

| | | |

@.34 317:@.32 30%

LOCAL EXPORTERS a

WAGON WHEAT

City grain elevators are paying for No red. Y4c, other grades on their merits at h corn. new No 2 vellow, 46¢. Oats, 9¢

A series of meetings in observance

of National Foreign Trade Week will | COMMITTEE RESTATES be held Thursday by local companies STOCK PACKAGE RULES

with export trade in the Hotel | Severin, Francis J. Wells, manager of the foreign and domestic trade department of the Indianapolis Chamber of Commerce, announced

today. ! . ; The committee rule Firms recently starting export mem

| business also have been invited to! send representatives to a meeting on | [foreign trade problems Wednesday night, he said. Speakers at the Thursday meetings include: John Abbink, president of the Business Publishers International Corp.; J. E. Sitterley, editor jand publisher of the Importers’ Guide, and W. T. Moran, assistant vice president of the National City Bank of New York.

Hopkins to Speak Thursday

At Trade Dinner

NEW YORK, May 22 (U. P).— Secretary of Commerce Hopkins will be priacipal speaker at the World Trade dinner to be hela at the World's Fair Casino of Nations Thursday, it was announced today. More than 1000 industrial leaders 1933 Low B01 G3 9x3 from various sections of the world gq High 948 100.4 106.2 J002

NEW YORK, May 22 (U. P.).—| the New York Stock Exchange, in| response to numerous inquiries, today restated its rules for packaged |

| securities,

| is that of ber may participate in a pack-| age plan unless the package sells! for at least $500; unless there is | reasonable diversification; unless| lots of any one stock are as larg el as five shares; and unless the total charge in adition to the round-lot price is less than 10 per cent.

N. Y. Bonds

BOND PRICE INDEXES 20 20 20 Ind. Rails Util 84.8 34.1 101.0 Week Azo 85.1 549 101.1 Month Ago .... 838 545 100.0 Year Ago . 80.8 54.3 91.8 Two Years Ago. 91.% 95.0 1018 1939 Nigh RR.0 64.0 11.9 1939 Low . 83.2 52.5 98.7 1938 High . R13 70.0 99.3% 1938 Low ..... %49 17.9 81.3 1937 High 85.0 101.2 106.0

60 Bonds 80.0 80.41 79.4 6.6 96.1 84.6 8.3 Sip

Saturday

Seen

1003] 81.1

Curb Stocks

Low

Corn and Wheat Region Official Weather

By U. S. Weather Bureau

Net iL.ast Chang a7 1!

”

Fe Oa »

rl J CD «J

y “I

212, 1939—

Precipitation

—May High Li . 81 49

BI rt LF uh 3 BI OY vt fi 5 Ld ek Ym

St n

Clear

>»

o tt 05 19 DOD NE

2rd

Hess

> Wheatfield 1, Rochester + Marion , Lafayet te . 8 4 Cambridge City’ . 81 Col mb S ¥ Vine ennes

pr Cov yy BD pt Coma <THE S

|r pt 3 RS 50 5 00 i CNRS ID

I: ++}:

Ev ansville

U.S. § STATE MENT

WASHINGTON, May 22 (U. ernment expenses and receipts current fiscal vear through May pared with a vear

Stocks

High 3

Chicago

org-Warner BR Ie o Flex Shaft Comwith Edisen Hall Printing = ris y

Low Last 23

S for ast ear Expenses rece 4.970 849.103 .56 3 103.957.460.589 3.067,075.560.59 3.002.405.520 96 2,.334,796,265 93 40.227 561,698.74 15.906.260,707.51 2835,763.140.68

U Walgreen

CARNEGIE- ILLINOIS ADDS BLAST FURNACE ¢.

2 (U. P) PITTSBURGH, May . Carnegie-Illinois Steel Corp. today | FO 00D PRICES announced it will add a blast fur-| CHICAGO. Mav 23 1. nace to the three already in use at Michi igan Shvs. bu SX 350 1.50 tatoes— Tennessee, bu. hampers, Carrie, marking the first increase ® 0c 8 as RB. pers. in blast furnace operations by the Missouri bu. 40a8se company since several were shut lugs 12.50,

crates $1.40@ 1.50 down during the coal holiday.

Debt Gold Res Customs INDIANAPOLIS CLEARING

Tings

HOUSE

$1.104

Celery —Florida, {81.75% 3.35. Peas—California. ham {31.404 1.50. Onion market (50-1b Texas yellows, 80@9%0c: jumbo size, { Texas white, 85¢@ $1.10; Oregon | Danvers, 90c.

LOCAL PRODUCE

Heavy breed hens, 11'.¢; Barred and White Rock springers, ibs. and over, 17¢; colored springers. Ibs. and up. 16c: Leghorn broilers, 2 and over 15¢: spring chickens, 2 lbs over, 13c: old roosters, 6« { No 1 strictly fresh country run 11'2¢; each full cese must weigh gross a ret full ease under 55 lbs.

TN pratt Ro 1

$1.1

See Final Edition of the Times for Closing Stock Quotations and Other Late News

9¢

55 1

will he nS ? 8c;

ate of ca her

Foggy ORRY Clear Clear Cloudy Cloudy Cloudy Clear Foggy PtCldy Foggv Foggy Cloudy

P.) .~Govthe 18, com-

Thi : Y $£8.074 806, 564 15 $6,595,719 185.05 5.398,640,098.37 1 197 79, 2. 68

8 329.912,316.03

.. $2,436,000 5,918,000

P.).—Appies— | Sweet oe {

S) inach Tomatoes—Florida, Caulifiower—California. crates, | naapers |Pub Tel 41;

vellow |

Leghorn hens | 2: Ibs. and

eggs. | deduction of 15 cents for each

are expected to attend the dinner,|1936 Low . 8&7 1033 833 which will be part of the observance | (Copyright. Standard Statistics Co.) of National Foreign Trade week, RTE

LOCAL ISSUES

The following quotations by the Indiane apolis Bond & Share Corp. do not represent actual bids or offerings but merely ndicate the approximate market level based on biving and selling quotations of recent transactions, Stocks Auto Invest Corp Belt RR & Stock yas com .. Beit RR & Stock pfd Cent Ind Pow 7% pfd Home T&T Ft Wavne 7 Hooks Drug Inc com Ind Ser pid Ind Hydro Elee 77% ... Ind & Mich 7% pfd .. Indpls Water pfd Indpls Gas Co Indpis P&L 67; Indpis P&L 6! 1 Lincoln Nat Life Ins N Ind Pub Serv 5's; N Ind Pub Serv 6 N Ind Pub Serv 77% rogress Laundry Co com Pub Serv Co of Ind 6° Pub Serv Co of Ind 5° So Ind G&E 4-89, pid Union Title Co com T Haute Elec Co pfd |v an C RRP Milk Co

1939,

U. 8. GOVERNMENT BONDS

Treasury Bonds

High Low 6

109.26

234s 1947-45 23 as 1951-48 las 1952-49 . W113. 3. 212s 1953-49 “ q 311 a! 28 1952-50 7 3 [2% s 1954-51 27s 1860-55 1234s 1959-56 | 2%s 1963-58 12%s 1965-60

Home Owners Loan Bonds [2%s 1949-39 ..101.26 101.12 FOREIGN BONDS

or >

B00 «3

Last 108 it | a9 10 08 Ny 49,

93 | 95

Argent 4s 72 Feb | Belgium 6's 49 | Brazil 6'as 28. 51 |Canada 3s 67 Babess Denmark 65 42......... { French 7los TT German 5'» {Ital Pu Util 52. ‘Mex 6s 33 la-as .. [Mex 4s 10 sm-as . “ {Mex Irri 4'>s 43 as . DOMESTIC

BONDS High 110 bast 2 20 Se |

100! > 2 123% |

Low Am 093

{

TT 8'is My “haus

Can North Blas 46... Ch&NW ref 5s 87 .. 1 CCC&StL 4'os E 77.... |Gley Vt Ter 5s ¥3... 9 | Goodrich 4's: 26 ‘ 2 {Int Mer Mar Gs 41.... & iInt T&T 5s 55 ‘i

Bonds Amer Loan 5s 51 Amer Loan 5s 46 ‘i Citizens Ind Tel 4'4s 61 N Crabbe aids Taylor 5s 42. 9! Home T&T Ww vaeran dO Home T&T Ww 8 Ind Asso Tel 67, 65 Ind Tel Co 5% 60 ‘a | Indpis Raiiwavs Ine 5° { Indpls Water 3147 {Inter Tel & Tel 57% 53 | Kokomo Water Wks AR Kuhner Packing Co 4, ’ | Morris 5&10 Stores 57, 5 Muncie Water Wks 67 8 . Natl Silk Hosiery Mills 5s 42.. Noblesville HIKP 612% 47 ... hio Tel Co

1934 1935 1936 1937

1929 1930 1931

1938 1939 Current Business,

Marion County Building IN CHICAGO PIT Awards Total $4,293,000

A $1,629,000 gain in building contracts awarded the first four months he year as compared with last year was reported today for Marion County by T. E. Toll, local manager of Dodge Reports. All types of construction contracts awarded in $4,293,000 for the period as compared with $2,664,000 for the first four

of t

PHILGO TO SHOW TELEVISION SET

th Debut Planned June 5- 8 at as in Indianapolis in resi-

French Lick by Radio Corporation. Times Special

PHILADELPHIA, mercial television

May 22.—Comsets and

ly 900 Philco representatives meet |at French Lick, Ind., for the nation-

{al convention of the firm, Larry E.

announced today. !

Gubb, president of Philco Radio & | Television Corp., “Television makes its debut as an industry this summer,” Mr, said in the announcement, {Philco’s television receivers contain the results of almost 10

years of constant research and in-|and guests are expected to attend, vention in Philco television labora- including members of similar clubs |

tories.”

He emphasized, however, that]

television will suppplement and not | Alpert Stump is to act as toast- | supplant radio. “Ninety per cent of this year’s | market will still be American and |

foreign radio receivers, and will re-| main on an ever-expanding with continual new developments Sresting a constant demand,” he

aid Service meetings for distributors’

service managers and staffs will be

held in conjunction with the French Lick convention, Mr. Gubb revealed.

28 BANKS JOIN U. S. HOME LOAN SYSTEM

WASHINGTON, May 22 —Tw | ty-eight savings and loan

ter of 1939, it was reported today by | | officials of the Federal Home Loan

Bank Board. As of March 31, there | were 3950 member institutions with

total assets of $4,493,637,000, ing state-chartered chartered savings and loan associa= | tions, savings banks and insurance! companies. Pennsylvania led

includ-

other states in| | with 520, stated the Board's Diviision of Research and Statistics. Ohio had 440, Illinois, 353, and New | Jersey, 294. In assets, Ohio topped other states with $672, 209,000. Other leaders were | Massachusetts, $480,325,000; Cali fornia, $297,687,000; Tlinois, 250,006,000; New York, $246, 930.000; New Jersey, $232503,000, and Pennsylvania, $221,745,000.

The national membership of the!

Federal Home Loan Bank System

on March 31 comprised 2536 state-|

chartered savings, building and loan

associations, co-operative banks and | homestead associations with aggre- | 1366 |

gate assets of $2,487.883,000; Federal-chartered savings and loan associations having assets of $1,351, 466,000; 39 insurance

000; and nine savings banks With | assets of $201,577,000.

CHICAGO AREA STEEL | INGOT OUTPUT DOWN

CHICAGO, May 22 (U. P)) .—Steel ingot production in the Chicago dis-

trict declined 1.5 points this week|justment payments available for to 45.5 per cent of capacity, equalling | distribution to wheat growers in all {the previous low point for the year states is about $64,113,000,

established in January.

With substantial tonnage sooket| FOREIGN EXCHANGE

at price concessions, local steel in-

terests look for a fairly steady rate|are noon cable rates on major currencies:

for the next few days. The scrap market developed stronger undertone, with having to pay $13 per ton for (heavy melting steel. Quotations on| this grade remained unchanged at ($12.50@13.

DAILY PRICE INDEX

Py)

NEW YORK, May 22 (U. {Dun & Bradstreet's daily weighted | | price index of 30 basic commodities, | {compiled for United Press (1930-32 average equals 100): D SRUUNGAN vs «+ + vs cu nusvivesve JUG S6 {Week B80 ....oucsesssnneess 10661} Month 880 ..evevvssnsnnceess 10371) | Year ago 105.73 |

‘11939 Low (April 13) ..........103. i)

INDIANA TRUST CO.

Allied With The Merchants National Bank

1932 U. S. Department of Commerce.

000 | viewed for the first time June 5 dropped to $20,000 as compared with | through June 8 when approximate-

Gubb | cipal speaker Thursday night at the “and | Columbia Club wher the Indianwill | apolis Traflic Club will honor in-|

basis |

and Federal-|

companies | whose assets amounted to $452,711,-|

a|Eng

dealers! France No. 1 | Italy (lira)

| |

{

ios High (May 1D) ..ve00een . .107.54|

engineering construction undertaken 1840 by F

Open interest at the models of Philco radios will be pre- ments

| Townsend is to speak on “Indiana’s

| master,

| tative for the Mack Moulding Co.

The committee on member firms of | Number of members of the System | paid by farmers for farm machin-|

11938 averaged 58 per cent above pre- |

[which were priced last year at 50 to

WHOLESALE PRICES

1933 1934 1935 1936 1937 1938 1939

the county totaled

| months of last year, he said. February was the peak building {month with $1,395,000 in new conbracts awarded, he said. his gain in the 1939 dollar voliL is of great importance in the Indianapolis area,” Mr. Toll said, “for it represents actual contracts [signed for work and materials which {will be more and more apparent in e months to come.’

|dential work accounted for contracts valued at $1,954,000, Mr, Toll said. Last year this volume was not built up until during the month of June. Nonresidential building in Indianapolis moved to a contract level of} $2,319,000. He revealed that heavy!

ederal, State and local governand utilities in the area

[$116,000 for the fourth-month period of last year.

BUSINESS BRIEFS

Governor Townsend will be prin-

dustry with an industry night din- | ner. Approximately 300 members

lin other Indiana cities. Governor

Relaticnship With Its Neighbors.”

" ” #

ON THE

TONIGHT 6:00—Al Pearce, WIRE. 6:30—Margaret Speaks, WIRE. 7:00—Radio Theater, WFBM. 8:00—~Guy Lombardo, WFBM. 8:30—Eddie Cantor, WFBM,

The Federal Communications | Commission today studied a letter | from the National Council on Free- |

idom of Censorship, an affiliate of |grams.

(extend equal facilities to at least

one important contrary view immediately following the original dis- | cussion. 2. The number and character of stations in a community should be governed by “public interest, convenience and necessity” and applications from an educational insti= | tution, a labor organization or a municipality should be given prefer- | ence over a profit making enterprise. | This is particularly appropriate, the | proposal stated, when there already are commercial stations in the com- | munity.

3. The Commission should extend the present six months license period to a considerably longer | period. In cases where revocation is being considered, the burden of | proof should be on the complainants and the Commission. 4. No public statement should be made by the Commission, or its members, concerning the character of programs. 5. Stations should be relieved of n 2 n

nouncements caused by station changes af

INDIANAPOLIS INDIANAPOLIS WFBM 1230 WIRE 1100 (CBS Net.) (NBC- MBS)

Dave Bacal First Aid Week Tea, Tunes

N. Y. Fund

~ WPA Program Jordan Cons,

Home Edition Speedw ay

Lone Ranger

Buck Rogers Air New spaper

Faraone = S253

News Cavalcade Al Pearce F.B. 1 + __Specdwa

Radio es

Hour of Charm

”»

! Lo 2233] Tt nn

Duchin’s . Or.

o'clock

(with Grover

THIS EVENING

(The Indianapolis Times is not responsible for fnaccuracie

Patricia Gilman

Margaret Speaks

RADIO

liability for slander in sustaining time programs on public issues. This would be accomplished by not maintaining advance censorship by station managers. Obscenity should be handled by criminal prosecution under state or Federal law.

wi) -

The attention of the Commission, .

was called to the refusal of stations to sell time to noncommercial proThus, the council stated, a labor organization may not buy [time on the networks, while ems \ployers and employer - industry. [groups through commercial advettisers may state their case without (restriction.

un ” ”

Eddie Cantor, who got his quin¥ one at a time, has a great following of persons who think of him as | America’s No. 1 clean showman. H

adds to his reputation tonight ab”

8:30 o'clock, CBS-WFBM. Because, he heard there were less accidents” 24 hours after each safety broads" cast he’s putting on a fire drill dure: ing his program,

8 ” u

The Rosevelts are on the air agai tonight and tomorrow. The Presi= dent will speak before the first Re=a {tailers National Forum at tonight, NBC - Blue ang: NBC-Red. Mrs. Roosevelt will celess brate the New York World's Fair Rural Women’s Day when she talks, Whalen and Mrs: George Ernst, farm woman of Abersa: deen, S. D., at 1p. m, NBC-Blue. "2 ” 8

Awe

8:30.

tomorrow.

Add good dialings: Jimmy Cagney:

and Pat O'Brien will do it all over again in “Angels With Dirty Faces’, on Radio Theater tonight at of o'clock, CBS-WFBM. . Howard Vincent O'Brien. who is in many. ways the Ernie Pyle of Chicago, is* cn at 5:45 p. m. today, WMAQ.

o Ld 8

ter press time.)

CHICAGO WLS. WENE 870 (NBC Net Don Winslow Malcolmn Claire Swingtime Sports

CINCINNATI WLW 00

(NBC- MBS)

Kitty Keene Patricia Silmere

Smilin’ Jack Lowell homas

Divorce Orphans Baker & Denton,

Song Stories Science on March Inside Sports

Al Pearce Margaret Speaks °

News Sports Crime Reporter Phil Spitalny

Ke ne Rad

Time and “Tempo FP

Forum ”"

Lombardo’s or.

Eddje Cantor

mS ma —D | mp — | HSU i aSad

Contented Hour ’ ’

Information Please Pres.

True or False True or False } " y "

Roosevelt President Roosevel$

Amos & Andy Lum & Abner Minstrels

Mr. D. A. Baseball .

-_—

Mr. D. A. Snider's Or. Felton’ s Or.

Dr. 1 Q, Hines Or .

” "

” ”

Members of the Indianapolis Purchasing Agents’ Association are to view a movie in color and sound entitled “Modern Plastics Preferred” tomorrow noon in the Athenaeum at their last regular meeting of the 1938-39 season. The movie is to be presented by James S. Marlow, state represen-

The Bureau of Agricultural Eco- | nomics said today Istill point to some improvement in| the domestic demand for farm rod. ucts this summer. Nothing sensational in the way of an advance is| expected,

”n Ld

& uo » Sales of United States wheat and fiour for export totaled approximately 109,300,000 bushels from July 1, 1938, to April 30, 1939, of which about 93,600,000 bushels have been exported, the Marketing and Marketing Agreements Division of the Department of Agriculture said. " " 5 The Bureau of Agricultural Eco- | nomics reported today that prices |

vehicles in|

ery other than motor war figures. The index includes! ¢ | many types of machines, most of

more than 100 per cent above prewar, ” ” ” Carloadings on the Baltimore & Ohio Railroad for the week ended May 13, totaled 33,031, comprising 21,002 cars loaded on line and 12,029 received from connections, For the week ended May 6, the total was 34,462, including 21,869 cars loaded on line and 12,593 received from connections. During the corresponding week of last year, total loads were 34,233 consisting of 21,603 ears loaded on line and 12,630 received from connections,

Hamp's Or. K. Kyser's Or. News " n Carter's Or.

~ Cabot's Or. Recordings

Minstrel |

Dance or,

INDIANAPOLIS WF 230 tc ny nt )

WIRE 1400 (NBC-MBS)

Peter Grant K. Kyser's Or, Salute

Weeks 'D r.

Carter’s , Or. Fisher's Or. Ebner’s Or.

Marisco’s Or. Moon River

TUESDAY PROGRAMS

INDIANAPOLIS

INDIANAPOLIS WI

ow CINN AT1 BC 1050 WLW

( NBU-MBS)

Early Birds Devotions

Markets Tunes & Tips

>> -i3

” ” » ”

” News Central City

Other Wife Plain Bill

- SE

Feat

0 Kitty Kelly Myrt & Marge Hilltop House

__ Stepmother

[omen adatadad

5 30 5

Ww oman in White

U nannounced |___ Organ

ee ce———— Time to Shine Peter Grant Caravan Gospel § Singer

Central City Paul Allison Smilin’ Ed Hannah

Praver & Praise Tommy Sutton

Breakfast

” ”»

Jam

”» "

Coffee Cubs Top o' Morning Fashion Footlights Devotional

| [To:00 5:15 5:30 9:15

David Harum Lorenzo Jones Widder Brown Bulletins

Mary Taylor Scattergood Big Sister Life Stories

Reflections Charm House Rhythm . + Swing

Linda's Love Vie & Sade Vagabonds Road of Life

Uncle Jimmy Dessa Byid Editor's Linda's s L Love

Singin’ " Sam Dr. Malone Farm Hour Markets

Betty & Bob Grimm's Valiant Lady Church Hymns

T safety Program Nancy James Farrell's Kitchen

| 10: ” 10:1 10:30 10:45

Echoes

Farm Circle

Farm Bureau News Bohemians Concert Or.

tt tt | ts ks rs

rol ema | 2230 fh | = wee . wees oe |

Army Ban Headlines Varieties

um School Musie Club Fed. Musie

Stella Dallas Vie & Sade Girl Alone

d Daughter

Daughter

WIRE Reporter

Backstage Wife

Editor's Daughters The O'Neills News Farm Hour

Woman's, Hour

State Police Student Views

Noon Rhythms

“

Farm News Livestock Happy Gilmans

Betty & Bob Grimms’ Daughter Valiant Lady bp Church Hymns

Mary Marlin Ma Perkins Peper Young Guilding Light

i —— Mad Hatterfields -. Club Matinee Beautiful Life Woman Speaks

School for Brides Boy Greets Girl

Kings of Strings Ramblers Bill Jones Sleepy Hollow Matinee Shut-in Friends Believe jin Indiana

Pianorama Want a Job Concert Hour ”" ”»

» 2 “3:00 3:15 3:30 3:45 4:00 4:15 4:30 4

WPA Program Dr. Susan Health Hi nw omen’ .

Eva Hendricks Howie Wing Tea, Tunes

Midstream Alec Randolph Basonology

[haar Racehorse

Home Edition Speedway

MUTUAL—WOR, 710; NBC-BLUE—WJZ, 760; WOWO, NBC-RED—WEAF, 660; WTAM, 107

Rita Rio's Or.

CBS—WABC, 860; WIR, 750; WHAS, 820;

Midstream Rhyvthmaires Don Winslow Inv itation

Kitty Keene Airliners

Music Lillie King Old Refrains Honolulu

Matinee » »

Lowell Thomas

KEY NETWORK STATIONS (Subject to change):

WHK, 1390; WHKC, 640; 1160; WLS-WENR,

CKLW, 1030; WSM, 850, 870; KWK, 1350, -- 0; WWJ, 920; WMAQ, 670. KMOX, 1090; WBBM, 770.

CROSSWORD PUZZLE

HORIZONTAT:

1 Leader in thse: Dominion of Canada.

12 Sacred

Answer to P

MAP OF

CUBA

” u Price adjustment payments ‘otalling more than $6,300,000 have been distributed to approximately 69,000 wheat producers under the 1939 price adjustment payment program started a few weeks ago, the Agricultural Adjustment Administration announced today, The total amount of the price ad-

NE WYORK, May 22 (U. P.).—Following Cable Riles Set Ss han Enzland (80-

nie 00 i 16 —.00 3-64

Canada (dollar) (franc)

| Belgium (belga) | Germany (mark) . Germany (tr. mark) ., {Switzerland (franc) Holland (guilder) Bocce (krona) vay (krone) nati tkrone) ... Spain 1 (Franco _pesefa)

—.0002

-.0001 -.0008 +.0000! 2 ~. 000012

AUTO AND DIAMOND

LOANS

20 Months to Pay

WOLF SUSSMAN, INC.

239 W. WA S1. Established 36 Yours

Onnnsite Statehouse.

LI-2749.

interdiction, 13 Rowing tools. 14 Midday meal. 16 Consumed, 17 Monastery inhabitant, 18 Shoulder movement, 19 To putrefy. 20 Snug. 21 Begone?! 22 Half an em. 23 To pierce with horns, 24 Drop of eye fluid. 25 Musical note. 26 Arabian, 27 Mischievous, 28 Menbrantus bag. 29 One who negotiates, 32 Balsam, 33 Brawl. 34 Pertaining to diet,

36 Wickedness, 38 Cistern. 39 Upon, 40 Behold. 41 Work of skill. 42 Chaos. 43 Slight taste, 44 Right, 45 Contraction, ever, 46 He is cweee Minister of Canada. 48 Inhabitant of U. S. A. 50 Maple shrub, 51 Pastoral pipe.

revious Puzzle 15 Important industry in his land. 17 Sickly. 18 Persian rule 20 Outer garment, 21 He is also — 0f state, 23 To thrive, 24 To jog. 25 Evils, 26 Contest for a prize, 27 Dined, 28 Man's stocking, 30 Ireland. 31 Three-toed sloth. 32 Tinge. 35 Incrustation on teeth, 36 Broth. 37 Packer. 40 Citric fruit, 42 Want, 43 Thus. 45 To piece out, 47 Sun god. ‘ 49 Northeastern, .. ow -

VERTICAL 1 Stone cutter, 2 To foment. 3 Fish, 4 Measure, 5 Hangman’s halter knot,. 6 Silly fellow. 7 To bore. 8 Electric term.

9 Ethereal fluid. 10 Roman emperor, 11 Antelope, 12 Soup dish.

MACHINIST 18%. W. South LI-6212

vane Richmond Water Wks 5% 49. . Seymour Water Wks 5% 49 .. T Haute Water Wks 67; . | T Haute Water Wks 6% 49 { Tract Term Corp ... 67 (By M. P, Crist & Co.)

| Market St Investment _Corp.. 20.41

DIAMONDS

s. |

Oldest Loan

J LOANS

The CHICAGO Store

146 East WASHINGTON ST .

on Everything!

Diamonds, Watches, Autos, Cameras, Clothing, Shotguns, Ete.

s in program sna

dow .

Angler & Hunter ..