Indianapolis Times, Indianapolis, Marion County, 24 May 1939 — Page 19

WEDNESDAY, MAY 24, 1939

STOCK BUYING BEST IN MONTH AS LIST RISES

Aviation, Steel and Auto Shares Pace Market Higher Today.

NEW YORK. May 24 (U. P)—

Net Change 1a Sg 1

[ad = wm c+

Adams Exp .... Allied Mills ... Allis-Chal ... Am Can Am Car & Fay. Am de iF L.. Am Me va. Am Roll it . Am Smelt .... A Jove od Am: T Ae Am Tob I. “ {Am Water W Am Zinc Anaconda , Anac W&Cable Atl Refining

w. go - wu

P3000 Lowe Sw

“a

NNN Ae

“ry 1

— oS es 1D

NNN ON REE DD Vd bn Ls rt 13 40 bt 03 wd 3 —

0D LD rt 3 wd fn NTT abd NIOOLI OUT AnD +t 13 C0 et 00 = 1 she © OIE pt wT

oe LOD add

awa FANE NN aE NT

OV nD dg 309 raLand

“- -

Beld Hem | Bendix Avan ... 2 2: 2! . | Beth Steel ..... & 5 : Vs | Blaw-Knox

Stocks advanced fractions to more gonn Al & Br. 2 201% ff yy

than 2 points today in the best buying movement of the month. Trading picked up on the rise. Aviation, automobile and shares were outstanding, Chrysler opened with a minor fractional gain and then moved forward aggressively to show a 25; -point rise to 694 General Motors ran up more than a point to near 45 and Electric Auto-Lite and U. S. Rubber had gains of more than a point.

steel!

Douglas led a strong aviation list!

with 21s points gain to 687%. .U. S.|

Steel, which opened point higher, El Paso N Gas 34%

was up 2 points to 472 at noon,

while Bethlehem ran up 1% points |e Youngstown Sheet was up|

to 551% 115 Easiness in U. parted a somewhat irregular to the bond market. very light. All traded issues in the Federal list were lower. However, there was no real pressure apparent and losses were limited to 4-32. Price changes in

S. Governments im-

the

were mixed. Utilities were firm. For -

eign obligations were generally bet- | ter Curb stocks made a moderate advance in quiet dealings. Aluminum Co. points to 101, made a new 1939 high at 34, up 1% before meeting light pressure. Aluminium, Ltd. Creole Petroleum, Electric Bond & Share, Lock-

heed Aircraft and Pantepec Oil were |

fractionally higher. United Gas, Wright-Hargraves, Fisk Rubber and Beech Aircraft had minor losses against the a aaa

TOP HOG PRICE DIPS TO $6.7

Full Decline | Made in Weights Under 160 Pounds As Vealers Rise.

tone | Gen Trading Was | Gen

| rail group |Homestake

M is Steel

| Borden sere 2 20! 0 + 1

| Briggs Mf ( 2 2 Ya

| Bklyn U 2S... 23° 22, ; "8 Brown Shoe ... ? 347 : > {Byers pf coves. 397 347s ’ Va

[Caterpillar T .. | Celanese | Chrysler Yeu City 1 & F. Colgate-P-P . Cons Edison Cons Oil Cont Can sont INS: vases Crown ud .“ Curtiss-W en

1g |

BICOL Cd pt bt Opt i

LE or <r

Pixie Vortex . Dome Mines .. 32 2 1a

| Bast Air Lines Hs Ts ei Elec Boat 11'% He 8 4% a

a Screw .... 13 135 Phen «... 33'% 33's ll . 34%

Ya!

Gen 347% Va Gen

Gen

Elec

yen

Fi ki

Gimbel Bros .. Goodvear ‘a Granby

+] +:

a 627% ud Bay M&S. 31';

II Centr: [Int He Int N . {Int T&T Int T&T For

of America rose 214 | while Standard Steel Kan C Sou ....

Kennecott Kresge SS | Lehman Loft, Inc Lone Star

Cem. 447% | Marine Mid

1i Mission orp Mont Ward 3 178 sae» Murphy G C .. 57l2 112 8 2

4 18 | a 1a la

| Owens Ill Glass 56 Ya Pac G & Packard ...... Pan Am Airwys Parke-Davis Pathe Film Penn RR Pere Maqt

E ... 303 303 : be : 18 Fr 7 1

«A TIULD ad od wd OD be PICO

Hog prices at Indianapolis pushed Radi

10 to 25 cents lower today, price, 180 200-pounders, clining to $6.75, a new to the Bureau of Economics

on to

low,

Weights 160 pounds and up were |

10 cents lower, while the full decline was made in lighter weights Vealers were strong to 50 cents higher with the top price at $10. Not enough of any class of sheep arrived today to fully test values.

Repts. May 611 23 9835 33 10.110 21 ia 2000

Top 20

Repts.

:.10 3.00 6.80 Packing Sows $ 5.75- 600

530- 5.90 5.10- 5.65

Barrows and Gilts

4 Me n-— 275-, 550 4.90- 5.85 Slaughter Pigs yood and Choice— 5.55 100- 140 .8 6.00- 6.4C 5.40 Medium.. 5.50- 6.15 a ulls 50 All Weights 2.00 G'd bt .8 7. 90 Medium : 2.75 Cut. com

AT are) aay NS UETND Q

(Receipts,

23 All Weights 50! Choice 50, Good 50, Medium .. 7.50- 9. Cull and common

$10.00-9.00-10.00

Stocker Cattle ! Steers 10.50 Choice— 500- 800 8

| 50-11.00 73 800. 1050

20-10.00

9 9 8.73 8.75~ 9.50 8 7.8

87 \ 8.2: Heifers Good and Choice— 500- 750 $§ 7.05Common and medium. 6.00- 7.50

SHEEP AND LAMBS (Receipts, 233)

1+. 8

0 4 months ended April

- 9.501

the top! ta b+ de- | Sf according S¢ Agricultural s \

Dsiness a

By United Press GENERAL BUSINESS

American Petroleum Institute reports week ended May 20 crude oil

output averaged 3,438.000 bbls. daily, |

up 35900 from previous week; gasoline stocks 84,294.000 bbls, { 586,000. | Edison Electric Institute reports week ended May 20 electric power output 2,170,496,000 kwh, up 103 per cent from year ago Vs. 2,170,750,000, up 10.3 per cent from year

) ago, previous week

The Iron Age reports steel operations this .week up 21: 48 per cent.

CORPORATION NEWS

American - Hawaiian Co. and wholly-owned subsidiaries]

$211,854 vs. loss $188.731 year ago; | April profit $127,451 vs. loss $23,678! year ago. a Arkansas Power & Light Co. 12 {months ended April 30 net income $1.362.967 vs. $1.323,881 previous 12 months. Utilities 12 months ended April income 31,697.494 vs. $1474.-

Eastern subsidiaries 30 net

(604 previous 12 months.

8.25)

Idaho Power Co. 12 months ended April 30 net income $1,684,423 vs. $1,592,167 previous 12 months. Louisiana Pewer & Light Co. 12 months ended April 30 net income $1,006,099 vs. $1,061,182 previous 12

: months, 0

5 12 months ended

CHIC ALO p AV i K

0,000; market ac

30 a 629 previous

ock includ ling We ak; bull 23 down. Tuesday holidays heifers, tockers and 3 down to $8 e

springet " sale; today's fed lambs or Catiforn:, a lots native springers and m around steady bulk nat springers, $107 10 50 few fat ewes aroun a 34: pulk weighty kinds, [email protected].

OTHER LIVESTOCK

CINCINNATI. May 24 (U.P Hoas Salable receipts, 2500: tot

~ + Wes 1 ewes established on

Ro pot yea gs; small

tal, 2800: holdover, generally 1 13c lower; top, ( 5 1bs., 86 100-140 1bs., $3.73 3st packing sows : le-—-8alable receipts, total, 400 ts, : total, 200: s light steers and about steady at 3$9@3. 25; plain to ood fat beef cows eligible mainly 86.304: 5: top bulls, 87.50; pract tical top vealers,

Sheep—Salable receipts, 300; total, 300; 't steady, most sales good and choice Y lambs 10@ 11; few small lots strictv choice 75-86-ih. average, 811.50 common and medium, _ 87.50¢79.50; shorn slaughter ewes mainly $2@3.

WAYNE, May 24 (U. P.).—Hogs 710¢c lower: 160-180 1bs., $6 2( Is. “ 55: 200-220 1bs 1b 45; 240-260 ibs . $ ETI 280-300 lbs. $6.15: 8 05; 325-350 ibs, 85.95; 140-160 ibs. 120-140 1bs,, $6.13; rough, 85; stags Calves, $9.30. Lambs, $9.25

FT arke

£6.33: 3.73

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

: | week and 12399 year

| deficit $122.926 vs. S. $139, 982 year ago;

0; | 6.35; 260-280 300-325 1b.

New Orleans Public Service, Ine. April 30 net income 81656.114 vs. $1,135,664 previous 12 months, Utah Power & Light Co. and subsidiaries 12 months ended April 30 net income $1,503,330 vs. $1,536 .- 12 months. West Virginia Pulp & Paper Co. and subsidiaries 8 months ended April 30 net profit $563,011 vs. $300,ago.

RAILROAD REPORTS

Chicago, Burlington & Quincy R. R. Co. Week ended May 20 carloadings 13.324 vs. 13.457 previous ago Minneapolis, St. Paul & Sault Ste. Marie Ry. Co. April net operating

"| Yesterday

1, {South Pac a |8Spald 1 pf 11 Spiegel Inc pf .

[Walworth 2 | West

V5 in 1 oolworth

1g | Ty |

off

Steamship

Associates and

TOCKS

Bv United Press

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Sisssiasess veer. 13177 — 0.68 RI, ceria 129.00 — 0.77

| Yesterday Week ago | Month ago | Year ago High, 1939, 154853: low, 121.14, High, 1938, 158.41: low, 98.95.

20 RAILROADS

110.60 — 1.75

16.10 — 0.17 25.78

20.98

Week ago Month | Year age High, 1939, 31.33: low, 24.14. High, 1938, 33.98: low, 19.00.

15 UTILITIES

- 0.45

1, | Yesterday

Week argo Month ago Year ago High, 1939, 26.52:

High, 1938, 25.19: low, 15.14,

128.56 4 1.20

28.90 — 0.15

+ 0.19

v/ bushel to new seasonal peaks on the

High . 123: 6

Low 1234 60

672 67'2 4+ Std Brands 23 8 6's + |Std Oil Ing .... 25 — td Oil NJ ie 43 “+

Texas Corp Thermoid pf ... Transamerica

| ~- | wm - »

- » >

{Ulen & Co Union Carb 71 Union El Mo pf 13s | Un Aircraft Cp. 37! Un Air Lines United Corp United Fruit [Un Gas Imp Un Mer & Mig. {u Ind Ale U S Pipe&F | |u Rubber u Steel . Steel pf .. J Tob ....:

te] tC) hu] rita Es A -a @ a || +4:

DUNO =I IID =I pa 13 id am

DOU RVIIIN Od Wr td FEF

wn C0 at had hl) ea]

w @® ww ht > wu a No®

Union Steel

fh PU ld 0 I +1

Wheel

Last

Alum Co Am.

| Brewst er Celanes e

03 ps sb oe bt OO | ad »

oe gy

a -

Ltd..... Trait; at A | Humble 0il {Imp O Can. imp Tob Gt Br : Insur No Am.. Lockheed Air Mont LL ‘i Nat P L pf NY Wa Sv 6 pf Pac GE 8 pf.. | Pennri oad

Un Lt & Far A 1 Wiworth Ltd .. 15 Wright Harg 8

U. S. STATEMENT

WASHINGTON, May 24 (U. P.).—Gov ernment expenses and receipts for current fiscal year pared with a year

F rue haut

= ER — na

w -

SEIU fart DUT mf =I BOO | <3 in NOD POU art UND ~The OO | —1D a Ty

0 it C0 LO DI TL ek C1 OO pt 830 C31 08 LODS 3 U3 bs £1100 bt 30D ~N

00 EL < ‘

the

ago:

st Year ,873.210.93 | : 505.92

421,314.30 2.433.800 25 ,687,730.13

¢ a 1 Glance

14 months net operating deficit $794,210 vs. $1,102,989 year ago. { Penusylvania R. R. Co. Week ended May 20 carloadings 53,084 vs. 46,709 year ago. Reading Ceo. April net operating income $653,622 vs. $497,192 year ago; 4 months net operating income [$3,212,880 vs. $2,078,443 year ago. Wabash Ry. Co. Week ended May

20 carloadings 5220 vs. 5137 previous

week and 4671 year ago. Wheeling & Lake Erie Ry Co. 4 months ended April 30 net income | $687,659 equal

eh ae re | producer. 1

Net Last Change 1235 — 14 60 + 1

s 18

2 {hour-and boosted wheat as much as

«| was absorbed on the way up.

1 couraged local buying.

: [ket this year.

3 noted rapid deterioration of Kansas

, (country offerings.

ig 8 \May iii. $64. $64 § 643 . > 503; 5914 34

through May 22, com-

Burning Temperatures

fat the start,

WHEAT SOARS 2 GENTS FOR NEW SEASONAL TOP

in Southwest Bring Rise In Prices.

CHICAGO, May 24 (U. P..— Wheat soared more than 2 cents a

Chicago Board of Trade today on buying stimulated by reports of rapid deterioration of wintér wheat under burning temepratures in the Southwest. Buying continued in the final 3 cents higher. At the close wheat was 23% to 3 cents higher, July 777%, corn was up 14 to 13 cents, July 517s, and oats were 14 to 17s cents higher, July 34. Volume of trading was the heaviest of any session since last fall. Traders took to the buying side and liberal demand from commission houses and Eastern interests pushed prices steadily upward. Considerable profit-taking Strength at Kansas City and Minneapolis, where wheat also bounced to new seasonal highs, en-

Crop news was distinctly bullish. The weather map showed temperatures of around 100 degrees in the Southwest yesterday and no rain to relieve dry areas. Dust storms were reported inh many sections. Traders were encouraged by the Government wheat loan program which promises higher prices for the It was expected that this would keep more wheat off the marThe Government weekly report wheat. Liverpool closed irregular, held back by an increased estimate of the Argentine wheat crop. Corn reflected the strength in wheat and increased commission house buying. Purchases to arrive wore the highest of the year at 230,-

WAGON WHEAT City grain elevators are paving for No 1 red, 76c, other grades on their merits.

a corn, new No. 2 vellow, 46c. Vats, 29c.

LIVERPOOL WHEAT High Close

ow Close

THE INDIANAPOLIS TIMES

PAGE 19

11 Leading Chain Stores Gross Billion Dollars

WASHINGTON, May 24 (U.P. —Eleven corporations primarily engaged in the operation of chain grocery and food stores did a gross business in 1937 of $1,028,000,000 and had a combined operating profit of 10 million dollars or 1.0 per cent of sales, the Securities & Exchange Com- — | mission reported today.

This data was royiided in the SMALL TRACTOR essen

[American corporations, undertaken A under direction of the EA gC corporations were ‘Can Run All Day on Gallon Of Gas, Tablespoonful of Oil,” Maker Says.

{studied but comparable data for {the years 1934, 1935, 1936 and 1937 were available on only 11. The 1937 volume of business of the corporations compared with a gross of 979 million dollars in 1936; 912 million dollars in 1935 and 841 million dollars in 1934. Operating profit in 1937 compared with 16 million dollars or 1.7 per cent of sales in 1936; 15 million dollars or A 105-pound one-wheel tractor|1.7 per cent of sales in 1935; 18 has been placéd on the market by| million dollars or 2.1 per cent of . ; . |sales in 1934. an Indianapolis firm, the R. D.

: The five largest grocery chains, in Eaglesfield Welding Co, 323 S. La-|1937 volume of business, were: SafeSalle St, it was announced today.|way Stores, Inc. $381,868,220; the R. D. Eaglesfield, head of the firm,

Kroger Grocery & Baking Co. $248,said several of the tractors, Known | g1 4 oq sh National Stores, Inc, as the Unitractor, have been sold | ry

; American Stores Co. already, and he is starting organiza- $114,565593 and National Tea Co. tion of a nation-wide distribution

$60,752,585. system.

a Dradueiin is to be started B U S IN FE S S BRIEFS

Mr. Eaglesfield said the tractor can be operated “all day on a gallon of gasoline and a tablespoonful NEW YORK, May 24 (U. P.) — Retail prices on more than 4000 items have been raised about 14

of oil.” He said it was designed primarily per cent on the average under price-fixing contracts now legal

for garden work, and can be attached to lawnmowers, cultivators and other light machinery. under the Feld-Crawford Law of New York and the Tydings-Miller Amendment to the Sherman Anti-

| SWEDISH 10 PRODUCE trust Act, a study released by R. f ' | H. Macy & Co. revealed today. U S ROYAL TIRES By groups, the study showed ' 1 | that cosmetic prices were raised 8.6 per cent; drugs, 16 per cent; liquors, 11.8 per cent; books, 17.6 NEW YORK, May 24 (U. P).—| per cent, and miscellaneous items, F. B. Davis Jr., chairman and presi-| 16 per cent. dent of the United States Rubber A #4 4 Co., yesterday announced conclu-| pyIT, ADELPHIA, May 24 (U. P). sloh of an agreement whereby “U. 8.|_Apri] orders of the Baldwyn LoRoyal” tires will be produced here-|oomotive Works and subsidiaries, inafter by the Svenska Gummifabriks | |cluding the Midvale Co. amounted A/B, largest rubber company ini, g2 641,764, compared with $1,Sweden. 863,003 in April, 1938, it was anAn exchange of engineers and| pounced today. the United States is provided for|fsr the first four months of this in the agreement, which also calls year to $24,270,797, compared with

for a great part of the materials|only $10,667.080 in the correspondused in Sweden production of |ing period last year.

May

July Ble

oet. ... : 83% : 63 | Dec. 8: 8 Bi 85 |

MCLELLAN NAMED

Corn and Wheat Region Official Weather

By U. S. Weather Bureau ~—May 24, High Low si OO 52

1930— Precipi- State cof tation weather Clear Clear Clear Clear Clear Clear Clear Clear Clear Clear Clear Clear PiCldy 10 __0 Clear

N. Y. Bonds

BOND PRICE INDEXES

Stations Notre Dame Angola Wheatfield Rochester Marion Lafavette Cambridge City. Columbus Vincennes aoli Ft. Wavne Indianapolis T'erre Haute Evansville

eerie

“U. 8. Royals” to come from the 3 8 &

| United States. WASHINGTON, May 24.~The Agricultural Adjustment Administration announced today that by completing and signing individual farm plans before the May 1 closing date, 1,620,424 farmers in the North Central Region have indicated their intention of participating in the 1939 farm program. ” L

UTILITY PRESIDENT

NEW YORK, May 24 (U. P)—| " Union Electric Co. of Missouri today! STOCKHOLM, May 24 (U. P.).— had notified the New York Stock A Polish steamer arrived here yesExchange that William McClellan | terday with a cargo of gold from the has been elected president and a Bank of Poland valued at 30 million director to succeed Louis H. Egan, Kroner ($7,360.00). resigned. | 5 2 = Other officers elected include Ed-| NEW YORK, May 24 (U. P.).— ward T. Gushee, executive vice! The annual convention of the Aspresident and director, to succeed | sociation of Gas Appliance and Frank J. Boehm, resigned, and| Equipment Manufacturers opens John A. Woodbridge, vice president, | here today. The meetings will last to succeed Albert C. Laun, resigned. for three days with the final one REAR = held at the World's Fair,

FIRST ‘lRON HORSE’ iy

(U. P).—

20 Ind. LER RiR . R38 R0.4 91.6

60 Bonds |0.0 798 39. 4!

20 Util. n.2 100.9 99.9 24.3 76.3 101.8 96.1

20 Rails 54.1 53.8 51.8 51.1 05.0

Yesterday Week ago Month ago Year ago Two years ago

[ 193 to $1.02 a common | {p20

share vs. $125,010 or $1.07 a share on | peints to 4 per cent prior lien year ago; April 1937

1939 High RR.0 dives 83:2 1938 81.3 1938 71.0 . 95.0

61.0 52.5 0.0 119 101.2

101.9 81.8 98.7 Rr 3 99.7 83. 0 81.3 70.3 106.0 100.7

[net income $5783 vs. $24,125 year] sas cess B02 Gd 59.3 81.1)

| ago. | DIVIDENDS

Basic Dolomite, Inc. 6's cents

(June 1 vs. 1214 cents March 15 British-American Tobacco (Ltd. Usual quarterly interim pence on common, tax free. Crowell Publishing Co.

Co.

June 14 vs. like payment in March. | Famous Pioyers-Canadian Corp. quarterly 25 cents on common payable June 30, record June 15, vs. like pevment March 31.

Ch & Mission Corp. 25 cents on com-|Ch 1 Hau ref 5s 60 ... mon payable June 29, record June 9, | Gon

vs. 81 year ago.

Pennsylvania Glass Fool payable July 1, record|N June 15,

30 profit ON common payable June 15 record 15 1054.44 50 cents se ya47.42

on common payable June 24 record|3s 1949-44

Sand Corp. Liz & Myers 7s 44 ‘egular quarterly $1.75 on 7 per cent| R

[21s 195

1939, Standard Statisties ¢ o.)

U. S. GOVERNMENT BONDS Treasury Bonds High

(Copyright,

Say Last 25

.20

shies +3} 11 2345 1947-45 iis 10¢ seed 11 te 0 12 10 109. 7 100.7 Mortgage Bonds ..106.20 106.20 ..109.12 100.12 Home Owners Loan Bonds 1044-42 .. ..105.10 105.10 2-44 |. ..109.9 109.9

DOMESTIC BONDS

Federal Farm

H gen 4'ss 92

NW 43s 87

lds. Co Bs 43... Edis 3155 48 Oil 23s 48 Goodrich 6s 45

| Cont

& Myers 558 5 v Cent

[day

3| legitimate oat-munching horse, and | 109 vears is a long, long time,

[ “brigade of cars”

Ine, an-

NEW YORK, May 24 ABSENT AT BIRTHDAY as a pipe line for the transfer of its

Socony-Vacuum Oil Co. NEW YORK, May 24 (U. Pp.) —-|products between Springfield, Mass., The B. & O. coaches which made a and Hartford, Conn. 26-mile round-trip between Balt i-]

more and Ellicott's Mills, Md. ex-| DAILY PRICE INDEX

{actly 109 years ago had a birthday | NEW YORK, May 24 (U. P.. 1 s PF : — (Bislye on 5! rors Fai So Dun & Bradsireet's daily weighted | star performer on that epochal iss jfuleh of $0 basic comumunize, dO Has absent, : : 1930-32 average equals 100) iere wag little disappointment, | Yesterday 106.72 however, since the great- =grand- | yoo BED. «rial 106.67 | father of all locomotives was a| Month BO reneryiiettrastn 103.75

Year ago 104.57 1039 high sesssees 107.54 1939 low sesnses 103.17

LOCAL ISSUES

The following quotations by the Indian apolis Bond & Share Corp. do not represent actual bids or offerings but merely indicate the approximate market level

(May 11)

Also on display was the B. & O (April 13)

time-table for that history-making trip. It proclaimed that the first would leave precisely at 7 a. m. on May 24, 1820, and would be followed by two other “trains.”

recent transactions,

Stocks Bid

INCORPORATIONS | Bel RR & Boek Yds com ... 3

Belt RR & Btock pid Cent Ind Pow 77; pfd Home T&T Ft Wavhe T% | Hooks Drug Ine com Ind Gen BetVv 67%

Ask

— —

Ine., 38th resident

Superior Petroleum Products,

i.; re 5s 2013. 52

Penn vais, TB VS 914 0

Petrelenm Corp. of America 30] Texas Cor 3%: 31

cents payable June 16, Ruberoid Co. 30

June 28,

cents payable

June 30, record June 15. vs. 60 cents|Argent 41:5 48 ........ 9 pay= | Arent 4s 72 Feb des

at the end of 1938, the only ment that vear. | Southland Royalty Co. quarteriv 10 cents pavable June 15. record May 31.

{ vs. like payment {cents year ago. Veeder-Root, Ine, extra 25 cents and regular quarterly 25 cents payable June 15. record June 1. Yale & Towne Manufacturing Co. 15 cents on common payable July 1

record June 9, vs. like payment April 1, :

April

:State Crop Conditions

Repor ted

Favorable crop conditions were reported for Indiana farms today by J. H. Armington, head of the local weather bureau, in his weekly summary of weather and crop conditions for the week ended yesterday Th temperature was about normal the first two days of the week, while the mercury soared above normal the rest of the week, he said. Readings as high as 90 degrees were re

ported.

Rainfall was reported mostly light throughout the State. Winter wheat is making fair to good growth, he said, wheat is heading. He reported corn

planting about three-fourths com- Sw while oats are making fair

pleted, growth but some areas. Clover is in fair condition, tobacco plants are small, tomato plants are being set out, and Steuben County onions are in fair to good condition, he said. Soybeans are being plant- |

need more moisture in

ed, tree fruits are in fair eondition. The soil is generally dry to moist,

he added The regional summary, also res

and some Beis

as PB avorable

leased today by at Chicago, revealed temperatures in |

the last week ranged 3 to 11 above normal. Segre

Weather conditions were reported Sian “Bredeink

favorable for growth and progress

. Of crops was reported fair to good.

FOREIGN EXCHANGE

NEW YORK Mav 24 (U. BP) are noon cable rates on ma jor owing

Cable Rates tan (DONA). 84.6814 a da fdollar) Eng. (60-d. b. r.) France (frane) Italy (lira) ‘i um (belga) ‘sh any (mark) ny tr mk). Nn (krona) Vv (krone)

et Change

—.00001% —.000112 =n

nmark krone).

oh is Spai n {Franco pes) 00001

PRRBONALIZED AUTORATIE AUTOMATIC TYPEWRITTENLETTERS. .\ EXCLUSIVE 20TH CENTURY MIMEOGRAPHING UPR LET i ER To 1x20 ON BOND COMPLETE MAILINGS SERVICE ::wi PHERE | Two.» pth

zil regular! AA 4s 80

1 and 40 aly 5s 52 ..

| Advance Alum + | Aet Ball B

| Denmark Union Carbide & Carbon Corp. 50 | : | cents payable June 1, record June 2, 11tal TR HAH

| Deere & Co | Elee Househd | Gen

the Weather Bureau Mick

00 00 1-16|

Tide Wa Oil Pie a i \ 084 a

record | Wapash ist 5s 39

/abash 4'3s 78 .. “574 8

| same address;

Last

wo -

Australia 3s A gest in CE 16'2 8s 41

—

{

—_— BAB SHUNSe tIID 1

Canada 3s 67 Cub

4158

French 7! German 5'.s

Chicago

Abbot

| station;

Lab

etna Ball ‘ Am Pub Serv pf Asso Invstmnt .. Barber Co Bendix Aviat Butler Bros Belmont : 4 Cent Ill PS pf Chgo Corp Chgo Bs: . Shaft

Cons chia Edison

a | »

“@

- . OT NWI TSS - “ BR BNE.

J oF «3 TADS pe Ba, Gh sg

Comwlith Cudahy

Jo. wD »

Motors

Bd Orel a Cd ie OO TID COD pe | I TT pe hn OT 0 pe 00 wd BD on —

a “

BEBE BI CD OT ON CG WRN DDD Ae

od 1] Ut 8 i Ut 1 a MJ

I Yt wd > wa — — 0 pt pt wf ay LE

FOOD PRICES

CHICAGO, May 24 P.).=

(U les— Michigan Spys, bushel, $1.35@ 1.65. 9

weet

| Potatoes—Tehnessee, bushel hampers, $1.10

1.15, Carrots—Texas, bushel, $1. Bpinach—Missouri, bushel, 2354 40¢ Tomatoes—Florida, lugs, $1.78 2 3 Cauliflower California, crates, $1.40 1.50 celerv— ,, trates, 32.13@3 23. Peas—Cali- . hampers, $1.50: 1.65. Onion ar-50-po sacks) —Texas yellow Ber-| mudas, 78e@81; Texas white wax, $1.05; Oregon. yellow "banvers, _T5@80c.

| WooosTock

RAEN A SRE

{ling plants: J.

31 and Central Ave. Marion; ent, Ernest R. Teachout, same address; | capital stoék, 1000 shates no par value; dealing in petroleum products, automo- . {bile parts and accessories; Glen A. Scott, “4 pid Edgar L. McKown, Gail N. Neal. Indpls P&I, 65% pid Gwin Drilling Co., Inc., 1607 Grand St. | Lincoln Nat Life Ins Co gom. Evansville: resident . J. H. Gwin, |N Ind Pub Serv 529% pfd. capital 1000 shares |N Ind Pub Berv 67; operate penning and distil- | N Ind Pub Beery 7; H. Gwin, M. Gwin, | Progress Laundry Co com ‘a | Pub Serv Co of Ind 6% pfd .. { Pub Serv Co of Ind 7% void .. 4 Ind G&E 4-87, pfd Union Title Co com

Ind Hydro Elec 777 Ind & Mich 7% pid .. Indnis Water pfd .... Gas Co Indpls P&L

Indpls

no par value;

Jimmy Lou Gwin, Indiana Ojl and Refining Co,, Inc [Grand St. Evansville; resident agent, J. Gwin, same address: capital stock, 3000 shares no par value; operate refining and distilling plants H. Gwin, C. M. Gwin, {Jimmy Lou Gwin.

1607 |

T Haute Elec Co pfd {Van Camp Milk Co . | Van Camp Milk Co com

Auto Radio Sales and Service, Inc, 613! Bonds B. Michigan St. Bouth Bend: resident Amer Loan Bs 51 , C. J. Gerlach, same address; capi-| Amer Loan 5s 46 100 . shares of 8100 par value: |Citizens Ind Tel 4's 61 deal in eleetrical equipment. radios, house- Crabbe Reynolds-Tavlor hold and aiuttomobile equipment; Ethel G.| Home T&T Ft W 5% 55 .... Emenaker, J. P, Emenaker, C. J. Gerlach. | Home T&T Ft W 67% 43 WFBM, Ine. Monument Circle, Indians | ind Asso Tel 67, 65 . apolis; resident agent, M. Bither Jr. Tel Co 57 same address; capital stock, 5000 shares | | Inds Railways of $100 par value: operate broadeasting | Indpls Water 31; Stuart Nve Hutchison gr. Hugh | Inter Tel & Tel 5 53 J. Baker Jr. and Louis 8. Binkle | Rokome ater Wis oT 8 - ( Paumic Realty Co. Ine, Merchan IB A, in a0, 0200 30.. | Bank Bldg. Indianapolis; resident hahts S| Morris 8&10 Stores 57% 50 ....

| Muncie Water Wks 67% 65 .. Jacob 8. White, same address; capital stock, 100 shares no par value: Natl Silk Hosiery Mills 5s 13.

real estate business: George C. Forrey III, Beryl |e Hi&P 812% 47 Smith, Frances A. Sherry.

Co | Pub Tel 4%7% 55 Quality Dairy, Ine., Marion, dissolution | Richmond Ww ater Wks 57% 40..1 Hitch Bros. Meats, Ine. Princeton, diss |Seymour Water Wks or 49 . solution | T Haute Water Wks 67% ‘ : T Haute Water Wks 6% 49 .. Martin Tract Term Corp dissolution M Yo ‘Crist & Co. Imperial tion

Val Vita Food Products, Tne. Fullerton, | Cal.: registration of trademark, ‘Val Vita” —Class 45, foods and ingredients of foods Indiana Art Crafts, Inc. 134 Monument | Cirele, Indianapolis; no capital stock: pro-| mote selling of attieles ereated by indi-| vidual handeraft; Jean McCammon, Kath- | erine M. Smith, Jane Klausmever, { A B © Club, Inc.. 738 Washington St. | Gary! no capital stock: social, athle!ic. civic; W. C. Hobbs, M. V. Bdwards, Ray | i Nance, Joseph Lenchioni, George Cow-| ev.

CRS re e— * AUTO and DIAM WASTE | a BiNoND PAPER

LOANS

20 Months to Pay i OLE SUSSMAN, e ¥ STOCK COMPANY NN RI-6341 320 W. Mich.

Mann Realty Co., Evansville,

Hotel Co., Evansville, disseiu- | Maries st Investment Corp 50 60 20.81

DIAMONDS PERSONAL CHATIEL

I FINANCE

a Co MA-1160.

PURITAN and Loan & 3

220 Mass, Ave.

239 W. WASH. ST. Established 38 Years {Opposite Statehouse

on Everything!

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

Store

nounced today it is planning to build |

other expetts between Sweden and | April bookings brought the total ‘

ON THE RADIO

TONIGHT popcorn, comes bouncing through 6:30—Tommy Dorsey, WIRE. the ether at 7 o'clock, NBC-Blue. 7:00—Fred Allen, WIRE. It'll be Al Raymond and Frank 7:00—Star Theater, WFBM. Caverly, who used to do the two-a-9:30—Paul Whiteman, WFBM. |4.y when Broadway was the Great

White Way. The routine is Dutch You can take your choice tonight |

between benig horrified and being 112108 and song parodies. mystified. Remember “Lights Out” . =» = oa NY eunesusy nights, hen Dreh Add good dialings: Mary Mare eler used to give us the chills? |. ; tin, who hasn't even got a heart “« Now Arch has his own plays but to beat with, will take a one-week Lights Out,” still going on, Will | ot with Raymond Paige at 8 present overgrown beetles tonight. | o'clock, CBS-WFBM. There also THE program Isat 10:30 p. m., NBC- will be a special arrangement of

Red “Pomp and Circumstance” for the King and Queen, . . . Jockey Jimmy Stout is evidently going to still be jon the Fred Allen Mighty Art Play« | ers at 7 o'clock, NBC-WIRE, even though Johnstown is only now coms around the far turn. ... Tonge

The mystifying part will come when Rube Goldberg parades his| childhood inventions before a Hobby Lobby audiénce at 6:30 o'clock, NBC-Blue. Other hobbyists nih |ing test our sanity by showing off with their joys, things like replicas of | MY Dorsey will play some tunes

“WIRE, . . . the English Crown Jewels, music At 6:30 o'clock, NBC-W out of a bicycle wheel and charm | There's a special King and Queen

|broadcast at 1:30 m. tomorrow, bracelets from celebrities. ND. Yt iy ne festival sas with mere than 15,000 Catholi¢ chile Another echo from the past, a|dren singing from Montreal Sta faint whiff of old lavender and!/dium in Canada. 5 Ed » un 8 ”

THIS EVENING

(The Indianapolis Times is not responsible for inaccuracies in program BOUT caused by station changes after press time.) ot INNATI

1 INDIANAPOLIS CHICAGO INR 1280 WIRE 1400 WLS-WENR 870 3 (CBS Net.) (NBC-MBS) (NB MBS) Kitty Keene

(NBC Net.) : 4 Tad Armstrong's Don Winslow 1 gr A 3 drian Rollini Maleolm Claire Rita Rio's Or. ” 0 ome Edition Serenade Smilin’ Jack Speedway Lowell Thomas Baker & Denton

Sports Fasy Aces Lost Persons Ss Cloutier Calling

ans

Or.

5 0 5 Doris Rhodes nN Wheeler Mission Lone Ranger 5 0 5

Buck Rogers Air Newspaper

Man's Family 130 Speed T. Dorsey’s Or. 15 Youth Counselor " x 00 Star Theater Fred Allen Fred Allen 5 ’ ’ ’ s

” ” " " ” ” ”

FAravan will . Franets i Inside Sports Man's Family

T, Dorsey’s or.

ho Gang Busters News 15 Sports Hobby Lobby Town Meeting 30 "

” ” ” ” ” ” ”» ”

99 Men & Girl Edgar Guest.

. Kyser’s Or. K. ,Kyset’s Or.

i » Commentators " » ” ”» ” ” ”» ”

Sherman's Or.

1 j2ngn! Gelade BHDD

News Himber’s Or. Herbeck’s Or, Notes of Grace Hines’ Or. Mr. D. A, " n Snider's Or. Peter Grant

Savitt’s Or. Lights Out

Mr. D. A, Baseball |

Amos & Andy Lum & Abner Whiteman's or. News " x Or. NRT ol News . King’ r. ¢ ot i Clinton?s Or.

Recordings ” ’

Bernie's i ”

Unannounced

kh Sh

———

Lyman’s Or,

———— DDD 2 DODD

Fisher's Or. Basie's Or.

“ Molina’s Or. Pliner & Earl Or. Sterling , Joung

” "

Dance Or.

THURSDAY PROGRAMS INDIANAPOLIS WIRE 1400 (NBC-MBS)

Devotions Markets ”n ”»

” ”» Tunes & Tips ”» ” ” ”» ” ”" ” ” News ”» "

Central City Other Wife Plain Bill Woman in White

David Harum Lorenzo Jones Widder Brown Bulletins

Aiming

Y Daughter Melody Time srofe's Or,

Primary “Rhythms Noon Rhythms Farm News School for Brides Livestock Boy Greets Girl Happy Gilmang A —————————

Kings cof ‘Strings Petty & Bob Grimm's Daughter Valiant Lady

Church Hymns

Mary Marlin Ma Perkins Pepper Young Guilding Light

Mad Hatterflelds Leo Freudlerg Beautiful Life Noman Speaks

WD | min i 3

Moon River

CINCINNATI WLW 700 (NBC-MBS)

Rangers Pioneers

Time to Shine Peter Grant Caravan Gospel Singer

Coffee Cups Central City Top o' Morning Paul Allison Fashion Footlights Smilin’ Ed Devotionals Choir Loft Linda's Love Vie s 334e Vagabonds Road of Life Editor's Daughter The O’Neills News Farm Hour

INDIANAPOLIS WIBO 1050

Praver & Praise Tommy Sutton

Breakiass Jam

INDIANAPOLIS WFBM 1230 (CBS Net.) Early Birds

| | 1

aa gD | md |

winded | NIN he

= zg

Kitty Kelly Myrt & Marge Hilltop House Stepmother

Mary Taylor Seattergood Big Sister Life Stories

) Towettown Uncle 10:15 Nancy James Dessa 10:30 Farrell's Kitchen Editor's 10:45 3» ” Linda's Love ~ Echoes Farm Circle

| 22x! - NIG

| { {

Reflections Charm House Rhythm Dr. Swing

Woman's, Hour

| ceoe | m=

10:00

Singin’ Sam Dr. Malone Farm Hour Markets

Betty & Bob Grimm's Daughter Ramhlers Valiant Lady Bill Jones Chutch Hymns Sleepy Hollow WIRE Reporter Peasantry Perils Headlines Varieties

Backstage Wife Stella Dallas Vie & Sade Girl Alone

Midstream Racehorse Basanalos v

” ”

po — . h

Farm Bureau News Bohemians __ Clyde Barrie Army Band

String or.

| |

Musicale Shut-in Friends Believe in Indiana

Fjanoratia Worksh C oncert. “Hour

Lebrun Sisters Varie es,

4 Clubmen

i Foreign Trade Pr. Susan

Musio Paul Krauss Old Refrains Honolulu

Midstream Unannounced Carlyle Stevens Don Winslow > A. R. Program First A Invitation Matinee

7 i 00 Stanley Hickman oscoe Turner Kitty Keene 4 Tea Tun U. Program i n Medical Ass The A

ame kdition " ” Sweet & Bohemians 8 Speedway " " Lowell Thomas

KEY NETWORK STATIONS (Subject to change): MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850, NBC-BLUE=WIJZ, 760; WOWO, 1160; WLS-WENR, 870; KWK, 1350. NBC-RED-WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ. 670. OCBB-=WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770.

INI

based on buving and selling quotations ofl

VERYTHING you have accumulated will be distributed by rule of thumb, with no knowledge of your wishes or of your family needs — unless you leave explicit instructions in the form of a legally prepared will.

_ WN

Many individuals whose estates will be divided according to law do not know that court records show it to be the most expensive way of transferring property. Many of them do know, however, that they have the right to make a will, select the executor and absolutely direct the distribution of their estates. But they do not act. Others who have made wills have never brought them up-to-date.

To all persone of property, American National suggests a simple and immediate action: one telephone call to their attorney and one telephone call to the Trust Department of this bank to arrange a brief three-cornered conference in regard to drawing a will and naming an executor.

Trust Department Telephone: Riley 1421

AMERICAN NATIONAL BANK

at Indianapolis

RR.