Indianapolis Times, Indianapolis, Marion County, 17 June 1939 — Page 14

SATURDAY, JUNE 17, 1939

METAL SHARES LEAD STOCKS IN POINT RISE

Air Alas

| Allie

Market Bolstered by Hopes i ¢ For Early Action on Tax Levies.

NEW YORK, June 17 (U. P.).—| The stock market rallied fractions, to a point today in light irading! under lead of metal shares. Coppers were particularly strong on anticipation of substantiai im- 3p provement in general industry in| the second half of the year. Such improvement, it was would directly benefit copper com-| panies. point and Anaconda nearly a point.

Am Am | Am Am

Am Am

And

Alleg Lud sti Allied Stores

Allis

Am S

FINAL NEW YORK STOCKS

By United Press

—

High Reduc ..... 50% ka Jun v . 16%

68% 34%, .. 151% . 36%

d Stores of Chal

C.& F .... 21 Airlines .. 29% Crys S 6 pf 7212 & FP 2% & F P $7 pf 18

| Am Rad

a Roll Mill Safe Razor 13's Ship Build 3s Smelt ny Stl Fdies . i

Am T&T

pointed out, | Am Zin

| Anaconda . 23% American Smelting rose a|Anchor Hk Gi. 3 A

es Cop

Armour Ill

Improvement in prices was based Armstrong ck . on hopes for early action on the ALP), Gas

tax bill. also aided. Today's best was the F.|; W. Dodge report on building begun | Atl in May. the month for nine years.

Outlook for a sharp rise in steel Bald Loco ct..

operations next week brought de-|Balt

mand for steel shares. Bethlehem rose nearly a point, Youngstown a point and U. S. Steel fractionally. Still influenced by the high rate of automobile production announced vesterday, automobile and allied shares moved ahead. Chrysler rose nearly a point. U. S. Rubber led tire shares up while Electric Autolite was strong among equipments.

HOGS HERE RISE 19 CENTS TODAY

Ben

Borde

Bris | Bud Burl

Cal

Callahan Zine

Can

Cate | Cela Celote

Spurt Accounted for Usual Small Receipts | For Saturday. |

{Ch

All weights of hogs jumped 15 & cents at Indianapolis today under; the impetus of usual light Satur- g day receipts, according to the gev Bureau of Agricultural Economics. | The top price on 210 to 220pounders rose to $6.70. Estimated salable receipts were: Hogs, 1200; cattle, 150; calves, 225, and sheep, none.

Clue Colg

| Coln Com ee n

| Com

| Comwlth & So

Top Repts. COM ..-. 3635 .. 6.50 6.70

June Top Repts. June

Con

Cons Coal vte . | Container .. Cont Cont Cont ade Cont Qil Del Cont ; Crane CoO. .. | Cream Wht new 3 3 | Crown Cork 5.40- 5.90, Crucible St

Barrows and Gilts 5 _Packin d and 273- 35

Slaughter Pigs Good and Choice— 100- 140. $ 3.80- 6.! Medium.

esis, 150)

Pb fn CIN EP CH pk (OD DDNDNND

Curt

wn >» Dow - OP BRRRY

a w -

| Cutl

a yey OVEN van

Ison. 1500. od — 7200 200 000-1109. 1100- 1360 1300-1500 . Mediu Be 7501100- 1500 Common Plains. 750-1100

OOOO WOOP

OOD OOD

{ Dou Dup Du Du {Cu

Calves (Receipts, 225) Feeder and Stocker Cattle bs Steers Choice

8.50 i 500- 00 $ IR: 9. % 0 Coes.” Bie. te 500- 800. 8.50- El 8.73) 800-1050. 8:50- 5 ediun — 8.00. "500-1050 __ 8.00Heifers 7.75! i and & hoice— 00: 500- 750 § 7.956.00- 6.50! Common and i Low cutter | medium . 6.00- 750! & cutter 4.25- 6.00 Fed SHEEP AND LAMBS (Receipts, Spring Lambs

Good and choice Choice, closely oe Common and pla

8.007.00-

Common— 530- 900 Cows ..$ 7.00- 7 6.30-

Good Medium . Common

9 <

none)

MOD

S1anea Ino

Firs Flin

Ewes on shorn basis) Fost

Good and pone

C vs ommon Gab

Barnsdall Beatrice Cr .... Bendix

| Beth Sree: Blaw-Knox Boeing Air

Borg- Arner .. Briggs Mig ....

BK1y | Bkly BKkly

Byers,

Calumet Canada Dry

Carriers Case Case J I

Solved ® rit

|e ‘cab el Ches Corp. ..--.- es & ohio el Chas & { Ch MSP & | Ch MStP&P pf. & NRy .

Col & Com Solvents

. Cons Edison Cons Edion pf Cons

Curtiss-Wr A { Cushman 8 pf .

Bit & Mines

| East ast

Eatoa Mfg El

Improved business reports] Dive Gds 1 pf 7

1S Loast

Refining

The total was the best for Avian Corp .

47%

& Ohio...

Avn le Ind Loan.. 2

i Gp

tol-My nM TT... n & Tr... n YU Gas... 1s-Balke

NODE NOs NNN

vr Gh

PICS ha DD be fn BILIEIED VRIES PIs AID Bare OD CD DO Db © DI CI CI he

pt >

ington M = 1 AM...

pt a

Packing ... & H

pr Arh) CREE pt

Pacific & Gen ‘pf «. 1 rpillar T .. nese ex

Noa » xm

Pasco

DD =I 4 00 RI UND NI 1 OT CO on

0D CO beth fh pk a]

“ MIPID DO =TW BIN DI SIND i I i ar NEN ae i

3 DLN) CO tid dura oy

Ow nN

O0%: P

“Aa How WN NN

[= ny w w

8 e El Tim “p1101;

Climax Moly Co 41%

tt Peab .... 30 ate P P..... : So m_ Gas Credit Iny Tr

BD ht CIV

with Edison wlth&So pf

ODDO ID

ft DID

” 134 2's 1012

il RR Cuba pf

Can Ins Mot

ra C0 LI a DWI «TDN aT 2)

Steel

~ 0 ON NT ae

Lo Mo No oo

iss-Wr

YD DONS DO w on

er-Ham

0 tr

CR IY) © DUN DEI ao »

NOD ILIV DNPH DO Job 1 eb

— NI ofn pd HCI 4 00D Pr ® 0 — my

glas Air . lan IR ‘s Pon 5 Pont deo Pont pf

1. La NN

BIG $a pt II LOIS BIO DLI=IPIN ID NNDH

odode ed pt pt

Air Lines Kodak

—

BT DEIN LILI Ot

Auto-L Pv & Li

Rr et. NANA RTT A 000

NOON N1DNI=ID

Li & T....

ho "Wheel

riel A

Gair Robt

CHICAGO "LIVESTOCK

Hogs—Receipts, 100: market, nominally steady: receipts too limited to test market: for the week prices little changed; average price $6 Thursday. lowest since December, 1934 followed by fair recovery. closing to! 19. Cattle— eceipts. 200; calves, none. market nominal: for the week fed vearlings,| G00 fed heifers and light steers 30 cents high- | GOO er: medium weight and heavy cattle, 25 cents un; cows 23 cents up: bulls 25740c¢ higher: vealers., 50@75¢ higher: she stock) scarce: receipts sharply under week earlier| caused higher market; choice to prime steers topved at $10.75: yearlings $10.60: best heifers. $9.75; bulk fed steers, $8.50 10; hardly encugh replacement cattle to | make a market. i Sheep—Receipts. 500; market for the week fed old crop clipped lambs and springers, a3 higher; sheep strong: week's best price $10.25; best natives, $10.10: bulk svringers. [email protected]: | fo4 wooled Cazi:fornia spring lambs, $9.85: fed old crop clipped lambs. [email protected]: $828. native slaughter ewes, $2.25

nominal; | Bay

Holl

Hou | Hud | Hup

3%.

uik. 3.25

OTHER LIVESTOCK

FT. WAYNE, Ind, June 1 WU. P,).— -Ten cents higher 180 200 1bs., $6.40. S., $6. 240 1bs., $6.40; 240-260 lbs., ; Ibs., $6.20: 280-300 1lbs., $5.10; 30 $3. 325-350 lbs. $5.90: 140 100-140 ibs, $5.95. yas $3.50; calves, $9.50; lambs, ® LAFAYETTE, Ind June Hog market 15@2 5¢ higher; $5 20-6.40; 500 -260 1bs., $6.50- 6.7 0. 260-323 1bs., $5.20/% 6.40; pigs, $6 dow roughs, $5 down. Calves, $8.50%@ 9; lambs, $9.75 down.

{IN

Inss s Inte

4. 75: stags.

U, P.).— 1 60 200 1bs.,

LOCAL ISSUES

The following Juotaiions by the Indianapolis Bond & Share Corp. do not repre-| sent actual bids or cfferings but merely indicate the approximate market level based on buving and selling quotations of recent transactions

Stocks

| Johr

Ken Ximl

Bid

auto Invest Corp t RR & Stock Yds com. & Stock pid

pi Wayne 7% Hooks Jus Ine com... 67, pid..

Gla ri e pf ios | Lome Lincoln Nat_Life Ins Co com 31 Lou ng Pu erv 52% pid. . 3 vila | x Ind Pub Serv 67: oid N Ind Pub Serv 7%. pfd *Progress Laundry Co com. Pub Serv Co of ind 67% pid . hv SD Pub Serv Co of Ind 7% Bras . SA Jnd GCE ~-87 pid Wiis

T Haute Erec Co , Van Camp Milk & cor

| OE Mac 3a Mac

{ Mar Mar | Mar

Amer Loan 5s 51 | McC Amer Loan 5s 46 Citizens Ind Tel 4! 61 Crabbe Reynolds- Taylor ss 4 Home T&T Ft W 55 1 Home T&T Ft W 6 Ind Asso Tel 5% Indpls Raiiwavs Inc 37% 67.... Indpls Water 329, 66 . ....... Inter Tel & Tel 5% 53 . Kokomo Water Wks 57% 58.. Kuhner Packing Co 412% 3 a Morris 5&10 Stores 5% tl Silk Hosiery ghus 5s a Noblesville HI&P 2 pI Ohio 4 Pub Tel ‘55. Bonnet. Waser Wks 5% 49. Seymour Water Wks 5% 49 . T Haute Water Wks 6%..... I Haute Water Wks 6% 49... Tract Term Corp .

FOOD PRICES

CHICAGO, June 17 (U. AH a Michigan Spys, bushel, [email protected]. Sweet NYC otatoes Tennesses, bushel hampers, | N 1.052 Carrots—California, crates, $12 25 50 oSPinach—lllinols. Dushel, e330 Qe. matoes—Texas lugs, Catlifiower—California crates, Celery—California, crates, ba oras—Californt ia, . hampers.

Rvs erg 0s: Tous WARE Wan

| McLi | Mna

~~ (J

Mans

9 103% 100 -100% 102 69

Market

INGX

RE 3: Hl

Gt No os Geen By... {| Greyhnd Cp ...

Hecker Herc Pdr pf.. Hershey

Homestake Houd-Her

per soll nland Stl . $6.50; Inspiratn S8:: .

| Mecan Corp ..

| Mident Pet

Baking ... Cable . cigar “ai Electric’ Wk

arich dyear

| Graham-Paige : | Granby ; . Grand Un Bh

North pf.. r Ors

es Bdy ... Prod

-— ALIN) bh C1 et CA 00 an LO Ly

and Furn.

ALLS ston Oil son Motor. p Motor

Central t*idl Rand 10215 6s 1015 hs cts Md. 53 riake Ir, .. Busi M 13

ns-Man

necott ber 4

resge

Kroger - & B 2

Ask Jamey Le ub

lla ligra Dr G & E

k JT vY RH

Si Man Ry gtd _.. 19% €2 | Man Ry mod gd 10%

ine Mid. ... shall Fld .. 13% in Parry .. 2 . 50% : iP a rorv

McIntyre Porc. 3. 2 McKeesport ....

ellan St mi Cop

Tex of ..

ins pf

! Murphy G Cc... 5 Murray FEAT

| Nash-Kelv

Acme Aviation Bic

Da . Dairy ot A Distillers

Ss . Sun 2 pf.

{ Newport Ind

Central . & StL pf Dock uf 183

8 4 82 5812 13%

Net Close Change

503 7 16%% 9

—G Nob

3 WRB O NEE N

DOWD UNO I w

Ps ILIA ONES EIL

ANIC ab OO x «1 CD us dn a O00 — Na -

—

Nada

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BI RID 10 =1 0 ret 00 RI U1 3 NI Hb 1 CY bet © . A 3 ra

DUI CI hd ht ups a]

1D et CIV iB

DID PIU TDI mt <I JD O14 LD Dt UN ibe

a] N00

CI CI a

09 Won CD BD pr “J =1OMIGL UTD OLIN

NY I

0m TON ON 00 MTN NO

pt BD at 1p CON Gr OH

RI£9 0.969 OY iw IVD we a

BI CD a

OOOO -TONUIN ICICI NID w

— v0 Ne

CARI ar GOD I 1

+ NNO

4) NS DOWD ~~ WD WW WEAN

OY et IID BID mR

CN ps “TDD = . Ey aN

< w Nw

+4 4] | +4

ELE

— 8%

FU H+] +

spp

eis

BL +rY

Ed Outlet

oes

I TT apie ait ath 10 ak ote

1s Vy

la 3s

“ag

la Pac G&El

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NON N N

l2i8td

GY pk bk ak Gp pk ANNAN SRD aN a

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1h 1 5

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!4! Servel

15 MOST ACTIVE STOCKS Net High Low |U S Rnbber 1158 407% Comwlith Edison 29 29 U 1612 137% ‘Comwith & So 13% 14% Chrysler 611% Curtiss Wright 3's a Gen Electric. .. 345% Beth Steel 51% Radie Corp 5K Gen Motors... 133% Anaconda ... 2 Am Rad & S s 1134 Purity Rak 17 15) Montgomery Ww 3 495% 2| Republic Steel 151%

Va 4 Val

a 113¢ 29 161% 1% 68% 5% 33 35 6 131% 2314 12 17 305% 15%

8 8

ago. iM against 41,000 last Saturday.

Close Change 3% 13 Ya 1s 33

142 1

u 1% + 1% WA

| Stock sales approximated 170,000 {shares for the short session, the | smallest since May 13, and comJi pig with 250,000 shares a week] Curb stock sales were 33,000

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS 135.31 10.64 +0.26 +0.05 +0.84 +0.17

Yesterday Week Aro Month Ago Year Ago High, 1939, High, 1938,

154.85; Low, 121.44, 158.41; Low, 98.95.

20 RAILROADS Today Yesterday Week Ago Month ARO .........ovunennen Year Ago High, 1939, High, 1038,

31.33; Low, 24.14, 33.98; Low, 19.00.

15 UTILITIES

| Yesterday seal Week Ago ....... i Month Ago Year Ago High, 1939, High, 1938,

26.32; Low, 29.7 25.19; Low, 15.14.

High Low <Q

Ts lz V2

Outboard M Sy

31% a7, 129

i) - ~

2 Pacific Ltg Pac T&T “es Pac West Oil. | Packard 5 Paramt Pict Par aPic 2 pf. Park Rest Pri. Pathe Film ... Patino Mines .. Pen & Ford oS Penn C & Penn Gl Sas cts Fenn RR Phelps Dodg Phila Rear C1 ord Phil Morris .. 8 0 1a Phillips Pet 54 5 Pitts & W Va Pittston 4 Procter & G .. 59 | Eroct & G pf a | Public Serv : Pub Ser 5 pf .. 3s | Pullman 26° Pure Qil Purity Bak ....

FART DOLD WO 7

Tat rb Ath

pt >] 0008 AAA

ToT fo RD = (0 =O 00 CI LO ~1 —_ REE B00" 00 a 0B 00 jn 00

BAT A000 Ro

oh 3 or ov

~N BI =TO «50 00 CI WD DO =)

©w.0

00 00 aE ©

Yr 3:9" oa

ww oa © =109 Cd pt pt 18) of

-—r 0)

Cas

w ow »

| Un Mer & aU 8 Gy

| Repuhlic Stl.... | Revn Met Th | Revn Spring h Revn B... Richfield ont

a |

| Safeway | Safeway . | St. Jos Lead .. 's Savage Arms .. {Scott Pav 4 8|Seab'd Air L | Seak'd Air 1, of 8 Sears Roebuck Inc. .... H ...

4 Sharon S Shattuck oh | Shell Un Oil... Silver-King | Simmons Simms Pet | Smith-Cor-T cts Snider Pkg .... | Socony-Vac

Tk 0 1 © Sta oN

pared gr =a re bt to) "na

83 OO WIT me Ot NU

pd fk pt nD Dm) NC) eS AER a0

BD pk ed fk pk pk n — BD ANI rt DOWN UID DVN 4 8 ara oN

| Sperrv-Corp ... Spicer Mfg .... Spiegel Inc Spiegel Inc Brands Sta Brands : EB *| Sra

Std G a Std LL. 2434 | Std Ai N !

“on

DIVIDENDS | American Thermos

Bottle

record July 20. Apex Electrical

Net Close Change

1a | | 20th Cent-Fox . | Twin Coach ..

"1 oa Union

FB s

I¥ | United Cp pf

, | Univ Pict

12| victor Chem

| Wilcox , Wilsen &

Co. | (Ohio) extra 50 cents and regular! quarterly 25 cents, payable Aug. 1

Manufacturing |

Net e Change + la

High Low | Sterl Prod . 7624 7612 |Stew-War _..... 15 5 [Stone & Web. . 107 Studebaker . Sun Oil pf . ‘1281s Sunshine Min . 8% Superior Oil ... 2 Superior Stl . 13% 125% we dA «NM pes Talcott J pf ... 42 Tenn yn Wh aD Texas 38% Texas ont Prod 4% Tex G Me ... 287% Thompson Pr .. 23'% Tide W A Oil . 12% | Transamerica 57% Air 8% 214 19% 8%

. 3 +1 3

rift & C Swift ntl

B&P | Union Carb, .. Un Oil Cal ... | Un Pacific Un Pac pf .. Un Aircraft Cp 36 {Un Air Lines ... 105% | United Corp .. 3a . 351,

| United DINE veh (BV Im 125g Un Gas my pf 116% Mig. 9%

84a . 81a . 1634 . a 88

Bepnthtntamphhn on

Univ Leaf T.... 8 1 nf. 72

vel vada Sales ... 2 25 25 1151 115% =a 19% 19's : 425%

20 Als Wy

ve EI&P 6 of.

33 | Walgreen «....

Hs: (H) pf. | Wavne Pump Oil & 8 El 7 vf .10¢ P 8 pf 114% Auto Sup 29

| West Union .. West Air pre. Westing El .. White Mot . oO & G on... Woolworth Worthing pf B

8 5 Wrigley

yeilne Tr, ..- 14% ellow T pf....1101 young Sheet .. 38'4 Young Stl Dr.. 20

\ A pe

18!2

Zenith 25%

Rad .. Zonite “sh

Business at a Glance

ly 15 cents on common payable June 30 record June 20. Murray Ohio Manufacturing Co. 25 cents on common payable July 1 record June 23 vs. 45 cents Dec. 124 and 15 cents April 1, 1938. Ohio Leather Co. 30 cents on com-

!Co. $2 on 7 per cent preferred pay- mon payable June 3C record June!

x able July 1 record June 20.

Art Metal Construction Co. 95 |

{21 vs. 25 cents April 1. Sharon Steel Corp. Regular quar-

"";, cents on common payable July 1 ‘terly $1.25 on $5 preferred payable

1 132 | Kingston Pr ... 1; Lehigh C&N

1 1

record June 24 vs. 30 cents April 1.

Arundel Corp. Regular quarterly |

July 1 record June 26. Spicer Manufacturing Co. 50 cents

25 cents payable July 1 record June on common payable July 15 record

| 20.

Florence Stove Co.

50 cents on

|July 1 vs. like payment Dec. 19. | Westinghouse Air Brake Co. 122

* common payable June 30 record cents pay able July 31 record June

June 26 vs. like payment March 31.

Great Lakes Steamship Co. Regu- |

30 vs. like payment April 29. White Rock Mineral Springs Co.

lar quarterly 30 cents on common Regular quarterlies $1. 75 on 1st pre-

payable June 29 record June 20.

{ferred and $1.25 on 2d preferred

Laclede Steel Co. Reguiar quarter- (payable July 1 record June 27.

Curb Stocks

High Low 1 1 nih 2:f

8 4

+ | Alum Co Am .. B

on Nok oo

El Ba & Sh... : El B & Sh 5 pf 57 El 3 & Sh 6 pf 65% G El Ltd rcts Hecla Min { Humble Oil ....

ot ot

Ns © TY UY ts OO WW Nw 0 COM OFA AOD) 1D 0 p ator

wo » “dt DIN NI DD OO UN wf mT st

SC) Na RY Cd

NBS

BB U tt £3) 00 UY = pt | rr 2 a oa at It Oy CN wpe E -

a Noo

Lockheed Air .. 4 | McWms Drege. i &L . 87

. DLO — CIDO NOD LID en Oy od er Nw aN

Ta | Batts Pl Glass Sherwin-W Wo 8B ‘Std Oil Neb ... Sunray Oil ....

— 00 >

OF wT) wb pt ot pk LY NOOO

Py w ~~

La =

oo “aon

Un ILt&XPwr B Valspar of . Wilson Jones Wright Harg

nN er

oo OD a] rt kt et 243 ND OO

r Ye Comwlth Edison

> 1%

“yg

1 3 1 1

“ Wn

tihs |

Armour & Co 2 Ll Bendix AVIaL LL ais Berghoff Brew Belmont Radio Cent Ill PS pf {Cent & SW Ut Chgo Corp Chrysle

Gen Financ 5 Iron Fireman

OF Pu et po pt ~103000 UVR) ~3d CO Co Ld

| Marshall Mickel Fo Mid West Corp

ooo nN” ow

Perfect Circle | Rath Packing | Schwitzer-Cu

ft pt 0D NR) 1 fut 1 0500 O VEIN =F CD tf 0D NIN GG) No Sw aN

—

3 | asin Radio... $id;

U. S. STATEMENT

WASHINGTON, (U, P.).—Gov-

a 4 4 June 17

> | ernment exvense and receipts for the cura | rent fiscal vear through June 15, compared

| with a year ago. Last Year

8 Year

This .$8, 302. it. 194. o4 - 33 Sh 3

Expenses . | Receipts _.. | Gross def 4

-1

» > — ov a

LIOI NI ISS BBRD ix BO D> > -3 on — OY CIV fot ft ft

8 8 2 | _ kc INDIANAPOLIS CLEARING HOUSE | Clearings 4 | Debits a Clearings for Week Debits for Week

LOCAL PRODUCE

Heavy breed hens, 1ic; Leghorn hes 8c 4 Barred and White Rock sprin and over, 17c; and up, 16c; Leghorn prefect: 2 Ibs. over, 13c: spring BChIkens. 2 1bs. and over, 13c; old roosters, 6c. o. 1 strictly fresh gm ress ech full case must net Ei

ed 105 poe rr ey

Customs

81 A

0% ©

LH bet Ng

wi Be ahh be A

Net Close Change

= Vy —1-16 Vs

"15 last week's high level.

NNT

05 -3 o Vo w © oo w “ ~

7 value;

bd a © hot AN HOO OY No ort Yr ov

‘ : agent, 1621 534 09 shares of $10 par value; ‘380; 167. HE 63 347,454,779.39

0H. Roth : | White, Edgar J. 588, 000

AY colored springers, C9, ic} |

53 sc. for Rath Bs

Retail Sales Rise in Week

NEW YORK, June 17 (U. P).— The expansion of retail trade activity was slowed by a number of seasonal influences this week, but wholesale distribution continued its forward movement, Dun & Bradstreet, Inc., said today in its weekly trade review. The trade authority reported that retail sales for the country as a whole were 7 to 14 per cent ahead of the corresponding 1938 week, but emphasized that volume was below Wholesale | markets, however, were bolstered by 'a substantial forward-buying move- , ment and registered the best gain lover last year’s totals in many weeks. “The signs of improvement in business conditions, which became noticeable in the latter part of May, were less in evidence this week,” Dun & Bradstreet said. “On the average, the trend was sidewise rather than downward, although seasonal factors were exerting an increased retarding effect on some divisions.” The review pointed out that all sections of the country recorded an improvement in retail activity as compared with last year, despite the contraction from last week's levels.

INCORPORATIONS

Golden Delight Food Products, Ine, In1 | diana olis; _ registration of ‘Sunshine Syrup,’’ class 45; | ingredients of foods.

Patoka Coal Co. Indianapolis; ment of articles of incorporation.

Coca-Cola Bottling Co., Indianapolis, | Indianapolis; amendment authorizin shares preferred debenture stock o par value, | Hendricks County : lel Corp., Danville; articles of incorporation. Southern Farms, Inc, solution

Robert, Stanley & Thomas, Inc., apolis; dissolution. Co-operative WR Inc. ary;

Ga agent, Ernest Smit 921 Broadway, Gary;

amend-

inc,

Indian-

real Nair, Ernest L 0

gstase business; Esther Mec- . Smith, Robert E. Richard-

n, Huntingburg Airport, Inc.. Huntingburg: Forrest M. Jones, URINE ONS 500 operate airport and training school; R. H. McMurtie, P. Olinger, C. M. Dowell, E. H. Schmutzler, Louis Wagner. Better Boonville Assn. no ghital stock,

Inc. Boonie: civic; Alfred S. Hall arold Hendrickson, Hore Baum, C. Richard John-

John Larguar & Co. Inc, 3672 Adams St.. Gary; a ent, John Largura, same nddress; 100 ares no par value; contracting Sana construction; John Largura, Joseph Gerometta, Eda Largura.

| Son

To Keep Valuables Safe i Rent a Safe Deposit Box at

% THE INDIANA NATIONAL BANK of Indianapolis =

\_ THE INDIANAPOLIS TIMES

. York,

i, (he delivered in Washington before

14 | 2'a Ya

trademark foods snd

5000 $100

Rural Electric Memamendment of

Indianapolis; discapital stock, 500 shares no par

R. [Italy lira)

general |

PAGE.18

Chain Store Held Asset

To Country

NEW YORK, June 16 (U. P.).—

300,000 men and women who earn 14 per cent higher wages than employees in competing establishments, the Institute of Distribution, Inc. said today. These employees “have steady work, standout working conditions, and a high standard of living,” the institute stated in a booklet, “The Chain Store Is an American Asset: True or False?” By 1935, the number of chains had decreased to 139.810, while individ-ually-owned stores rose to 1,474,149, and are still increasing, the article said “About one-third of all chain stores are purely local enterprises owned or controlled locally,” it added. “The balance are owned by their stockholders, therefore they are publicly owned.”

* SCORES EASY PLAN

T0 ASSUME DEBTS

NEW YORK, June 17 (U. P).— The National City Bank of New second largest bank in the country, turned down only 219 requests for loans in the year ended a month ago, according to James H. Perkins, president. In the text of a statement which

subcommittee of the Senate Banking and Currency Committee, Perkins declared his opposition to the Mead Bill and asserted that “the idea that the way to pros-

* |perity is to make it easy for people

to get into debt does not stand the test of experience.” The Mead Bill would authorize

athe Reconstruction Finance Corp.

to insure 90 per cent of long-term, low interest loans to small business. He said that on the basis of many years of experience he believed that many people most anxious to borrow money were visionary, im-

» [practical or inexperienced.

BUILDING DIPS BUT STAYS ABOVE 1938,

NEW YORK, June 17 (U. P).— Engineering construction awards this week dropped 34 per cent below the high level of the preceding week, but topped the corresponding 1938 volume by 90 per cent, Engineering News-Record repor ted | today. Total awards for the week ended | Thursday, the publication said, amounted to $55,425,000 against] $84,640,000 a week ago and $29,187,000 a year ago. This week's total lifted construction volume for the year to date to $1474 781,000, or 28 per cent over the $1,153,739,000 reported in the first 24 weeks of 1938.

May Construction Up Sharply Over April

NEW YORK, June 16 (U. P).— Building construction recorded a sharp contra-seasonal rise in May, topping the preceding month by 17 per cent and the corresponding 1938 period by 43.7 per cent, the monthly survey by Dun & Brad|street, Inc. disclosed today. Building permits issued last imonth in 215 cities of the United States aggregated $111,507,630, compared with $95,268,241 in April and $77,606,469 in May last year, the authority reported.

WOULD GIVE STOCK FOR OVERDUE WAGES

ST. LOUIS, June 17 (U. P)—A plan for reorganization of the Hamilton Brown Shoe Co. was presented in Federal District Judge George H. Moore's court yesterday, and the court was advised that the firm’s board of directors has recom- | mended liquidation of the concern. James K. Vardaman and John W. | Lake, trustees, previously had filed a recommendation calling for | liquidation. S. D. Nichols, a shoe manufacturer and small stockholder, testified that his reorganization plan involved increase of stock from the present 200,000 shares to about 1,500,000. Nichols testified that under his plan employees to whom back pay is owed would be given shares of stock equal to the amount due them.

B. T. SHUTZ TO HEAD MORTGAGE GROUP

CHICAGO, June 17 (U. P).— Byron T. Shutz of Kansas City

ficial nominee for election to the presidency of the Mortgage Bankers Association of America.

nominating committee, announced the selection at a meeting of the board of governors here. The election will be held at the 26th annual convention of the association in October. Shutz, who is only 39 years old, will be the second youngest president in the history of the organization. He will succeed S. M. Waters of Minneapolis.

FOREIGN EXCHANGE

NEW YORK, June 17 (U. P.).—Following are closing cabie rates on major currencies: Net Cable Rates England, ona) 8 5-16 Eng. (60-d. bill rate). Conada tdollar) France (franc)

Belgium Germany (mark) .... Germany (tr. mk.) . Switzerland (franc). Holland (guilder) Sweden (krona) Norway (krone) .. Denmark (krone)

A SAFE DEPOSIT

BOX IS LOW COST INSURANCE 9 Different Sizes

$3 to $100 a Year

Security Trust Go. 130 E. Washington

(belga) = 2% 90002 190004 19000 4.30002

America’s chain stores employ 1,-|

had been chosen today as the of-|

A. D. Fraser, chairman of the!

CROPS IMPROVE, REPORT SHOWS; WHEAT SLIDES

Ideal Harvesting Weather Prevails for Winter Grain Belt.

CHICAGO, June 17 (U. P).— Wheat prices again sagged on the Chicago Board of Trade today on liquidation induced by favorable crop conditions. / At the close wheat was off 1 cent to 1's cents, July Tl, corn was up ls to 4 cent, July 49%, and oats were unchanged to 1! cent higher, July 337 bid. The weather map showed hot weather in the Southwest and showers in the Northwest spring wheat belt, and the forecast was for continued ideal harvesting weather in the winter wheat belt, with cooler temperatures northwest. The beginning of a heavy movement of new wheat in the Southwest was reflected in a decline of a cent in the Kansas City market. Hedge selling was also a factor in the local wheat pit, and there was some liquidation by Northwest interests. Winnipeg held near previous closing levels, despite good rains in the provinces, and Liverpool wheat closed 1 cent higher to %% cent lower. Firmness in corn and oats featured trading in other grains. Local interests were good buyers of corn,

CHICAGO GRAIN

High By i255 3% 14%

Prev. Close close 71Va $ 02% 72 7

. 73 13% S14

Low 1% 72

13%

Wheat— : $.

July : September December Corn— July ......s%% September December Oats— July September a December Rye— July . September December Soybeans— July October December Lard— July . . September . October December January a Asked.

497%

497% 51% 52

513% 51%

50% 52

32%

.3378b 32a 32%a

3412 337% 32 32% 5012 52s 53%

179%

11%

"bp Bid. n Nominal.

CASH Wheat—No. 4 hard, 73!azc: 73¢c: No. 2 vellow hard, 70%c; {low hard, 73c; No. rellow hard, | No. 2 red tough, 7 0. 2 mixed, oon —No. and N ,.B3¢;: No, ‘ellow, 51'a@52%ac! . 4@52%c; No. 50'%¢: No. 1 white, 5734c; sample, 480 50c. Oats—No. 2 white, 3€s736%2¢: No. 3. | 3: 5@ 35Vac; sample, 33%; @ 34c. Rye—No Barley—No. 4, 50c; feed. 35% 45¢en; 506 57cn. Sovbeans—No. vel90c. Cash provisions—Lard, $8.20n; | 1o0se. $5.50n; leaf, $5.50n; bellies, $6.62n. nNominal.

LOCAL GRAIN

CASH

Weak: receipts, 1 carload; No. red 67@68c: No. 2 red, 66@67c: No. har! 64@65c; No. 2 hard, 63@ 64c. “Firm: receipts. 24 carloads: No. y low. 441, 45Vac: No. 3 yellow. 4314 @4414c: No. 4 vellodw, 42'4@43'%c; white corn, Ble over yellow: mixed corn. !2@2!2¢c under vellow. Oats—Steadyv: receipts, ane oes 5s 2 white, 32@33'2¢; No. 3 white, 30'2@ 1}

| sales. paling,

Wheat-

WAGON WHEAT City grain elevators are paying for No 1 red. 64c, other grades on their merits. gash corn, new No. 2 vellow, 47c Oats 29c.

TOMORROW 16:00—Radio City, NBC. 1:00—CBS Symphony, WFBM. 5:30—Erno Rapee, WFBM. 6:00—Chatglie McCarthy, WIRE. 6:00—NBC Symphony, NBC. 7:00—James Melton, WFBM. 8:00—The Circle, WIRE. 9:30—Jack Benny, WIRE.

"GOOD MUSIC"

By James Thrasher Tomorrow morning after you get the second coat of paint on the garage and fix the glider’s squeak, all you have to do is draw up that easy chair and a day of good music stretches before you. As early as 10 a. m. Charles M. Courboin, Belgian-American organist playing from the New York Academy. of Arts and Letters, will be heard over Mutual. His selections include Bach's Toccata and Fugue in D Minor, Schubert’'s “Ave Maria,” Lemare's “The Bee,” Debussy’'s “Afternoon of a Faun,” and Widor’s Toccata from the Fifth Symphony. ” s »

WIRE will carry David W. Hughes, Elkhart supervisor music, at 1:30 p. m. on the Pick of the Air, a local program. Mr. Hughes has been directing the Jordan Conservatory of Music Band Clinic here this week. The clinic band will broadcast a special concert at 3 p. m, WFBM.

Howard Barlow airs the “Mother Goose” Suite, by Maurice Ravel, and the “Rustic Wedding” Symphony, by Karl Goldmark, on the CBS Symphony Orchestra program, 1 p. m, WFBM. The Mother Goose is based on the French nursery rhymes written in 1697, Mr. Goldmark’s symphony consists of four contrasting sketches, a lively march, a serenade, a scene in a moonlit garden, and a gay, almost tzigane, dance. Frank Gallup will give the program notes. » 2 =

Along about this time the dinner bell will ring and then it'll be time "> % »

INDIANA WFB (CBS Net.) Scholarship "

(NBC- 5) El Chico ”n ” Home Edition Ink Spots

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At Work Safety News

war

Looking In

Prog.

Ct Dn ie NOUNS

Jr. C. of C. Air Newspaper Dick Tracy Avalon Time

Goldman's Band

Prof. Quiz

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ON THE RADIO

to take a walk. If everything goes well you can have some iced tea and a biscuit or two with the Musical Playhouse at 5:20 p. m., CBS~ WFBM. Erno Rapee was scheduled to bring an unpublished Victor Herbert score to the airways tonight, but it has been postponed for a subsequent program. You might like to hear a Vincent Youmans mediey, though, with “I Want to Be Happy,” ‘Hallelujah” and “Wildflower.” Mr. Rapee plays “Gypsy Airs,” by Pablo Sarasate, and Strauss’ “Wine, Women and Song.” ” ” 8

Erich Leinsdorf, young Metropolitan Opera conductor, makes his second of four appearances at the podium of the NBC Symphony Or chestra at 6 p. m. The orchestra will play Beethoven’s Second Symphony. Mr, Leinsdorf has also programmed Bizet’s L’Arlesienne” Suite, No. 1. Simply because Herr Leinsdorf got his start at Salzburg, it's interesting to note that Mary Ann Cul= mer, Indianapolis protege of Ferdinand Schaefer, has been engaged to conduct a symphony concert at the Kurhaus at Wiesbaden Sept 26. Miss Cullmer, it is reported, has achieved signal successes in Berlin both as conductor and violinist. ” 8 2

The lighter music brings us Edith Dick, who has been featured on CBS “Hit Parade.” She's in Sum mer Hour, at 7 p. m., WFBM, along with James Melton, tenor, Francia White, soprano, and Don Voorhees’ orchestra.

CLEARS LAUGHTON IN TAX ARGUMENT

WASHINGTON, June 17 (U. P.). —The Board of Tax Appeals had ruled today that the Internal Revenue Commissioner erred in ate tempting to collect $104,431 additional 1934 and 1935 income taxes from Charles Laughton, motion picture star. 8

» 2

THIS EVENING

(The Indianapolis Times is not responsible for Jnaeena ey in program ane nouncements caused by station RES, after press time.) APOLIS INDIAN

CHICAGO WLS WENR 870 (NBC Net.) Regatta "

El Chico

CINCINNATI (NBC- MBS) Kindergarten Gene Erwin

Baker & Denton

Israel’s Message » 3 Truly American

Bar-N Ranch

Fortunes J. Dorsey’s Or. Avalon Time

Ns Short

Barn ”»

Yo1, Pon,

Obler’s Plays

£3{55:3

Phil Baker

Ud Ed

Serenade,

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Jamboree Mooney’s or,

Jamboree Porch Party

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Clipper v Vallee > Shaw’s Or.

DD DoPS WRX WW

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Peter Grant Ferber’'s Or. Moffitt’s Or.

Dance

H. King’s Or. 8. Kaye's Or.

Dance Time Rainbow Trie

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Snider's Or. Moon River

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Civie Choir Today’s Problem

Opera Clipper

WIR ( NRC Net )

Silent »

D | =u ND | ISD

Bible Highlights East Side Church Tabernacle

Silent

James’ Or.

Notes of Grace

”» ” ”»

SUNDAY PROGRAMS

INDIANAPOLIS

INDIANAPOLIS CINCINNATI] WIBC 10350 WLW 7 (NBC-MBS)

Gospel Children’s Hour

Norman Cloutier Church Forum

Halleujah 4

Corn and Wheat Region Official Weather

By (1, 8. Weather 3urean

Precipi- State of tation weather

High Low 89

Stations Notre Dame Angola an Wheatfield Rochester Marion Lafayette I city. Columbu Vincennes

Fro Indianapolis

| Terre Haute Evansville

BUSINESS BRIEFS

M. A. Williams has been named | Indianapolis district sales manager for the Republic Steel Corp. He has been in charge of Union Drawn Steel Division sales in this territory land the two positions will be combined, corporation officials announced from Cleveland. He has ‘been associated with the company ‘here siace 1927, n

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A contraseasonal rise of $8,743,642 in bankers’ dollar acceptances shown in the Federal Reserve Bank's summary far May was attributed here to the recent credit extended by this country to Brazil. 2 2 2 NEW YORK, June 16 (U. P).— Rising temperatures created increased demand for electrical apIpliances in May and the year-to-|year gains of earlier months were improved, the National Eiectrical Manufacturers Association reported today. Best gains were registered in the sale of refrigerators, ranges and water heaters.

{ITH Dealers ITTITHIA

FIRE CASUALTY AUTOMOBILE INLAND MARINE YL (eT

substantial savings

Ha. 3000

NEW YORK, June 16 (U. P.)—|_

Feld Sisters

1. U. Program Southernaires

News & Rhythm C. M. B Program

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Melody Hour ”» ”»

Memorial Prog.

Festival Grofe’'s Or. Serenade,

Melodies | News Story Book Musie Hall

Bible Class Melodies : ”» ”

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Clyde Barrie

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News Concert Magie Key

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Democracy Melody Hall

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Rpn3 Lins

Symphony

Pick

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Words. No Musie Bolero’s Or.

Vespers .

POT

Rhythm , Revue of Town Music Festivals

World Is, Yours

Cadle Choir

Modern Musie Mauretania Magic Key

8 ”

Mystery Tunes Charm House Sparkle Time Melodies

Easy Does It Heaven Highways Hollywood Castletime

Review Melodies Concert Hour

” ”»

True Story Roadside Church

a —

Mogney’s Or.

Pianorama Aloha World Is Yours

Dr. Swing Jess s Gassaway

Fr. ,, Coughlin Spelling,

Jordan Cons.

Bernie's Or. Bee " "

| RipaD in

Melody Time Singers Vesners Y

Steelmakers Spelling , Bee

Musical Fun Hollywood

Catholic , Hour Musie

My Lucky Break Grouch ,Club

My Ave Maria

America

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Platform Musical Playhouse

Sh S353 NDAD 5322

Jaek Benny

Peter Grant

CHICAGO WLS-WENR 780 Net.) Meldoy Magle

(NBC

Charlie

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Ellery Queen

”» »

McCarthy

Charlie , McCarthy

”» ”»

Revival Hour ”» ”»

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Kaye's s Or. King’s Or.

Light Opera Messner’'s Or. Jack Berny

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Walter Winchell Irene Rich

Savitt’s Or. Cheerio ”» ”

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Walter Winchell Irene Rich

The, Circle

Auto Races Democrac

1. Jones’ or.

New P, Spitalny's or.

Alexander’ s Or Varieties

105 Champions ews

Peter Grant Lunceford’s Oe, Moore's or.

Recordings

”» ”»

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Molina's Or. Or. ”»

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Moffitt's Or. Bassie’s Or,

Moffitt's or,

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Rapp’s Or. Nation Dances

» »

INDIANAPOLIS NFM 1280 (CBS Net.) Eatly Birds

(NBC Net.)

evotions arkets

Tunes & . Tips Step Ahead News

a3 a 3

» » ”» ”» ”

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Stepmother

Roundup pp atieH Food Bis Sister ife Btories

Man, Weiside Farrell's, Kitchen

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g=vuges 5333

Central City Other Wife Plain Bill

dS ASHS

David Harum

LLOD| WRWW

AIDND

wt Bulletins Lach a id

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RfRingin' Sam Dr. Malone Farm Hour Markets

Betty

Echoes Fagm Cifele

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DISS | mm | SSD

Woman in White

Pater 2 YL ughter

Bob Chm Daughter Church Hymns

MONDAY PROGRAMS

INDIANAPOLIB WIRE 1400

INDIANATOLIS CINCINNATI WIBC 10350 3 (NBC a!

Pa 1& PEs

Time to Shine News

Praver & Praise Band Box

Breakfast ”» ”»

Jam

Caravan Gospel Singer Centra) City Paul Allison Julia Blake Hannah

Linda’s Love Sade

Over Gaffes Cups Musie In Air Fashion” Fooulights Devot

Refers

Road of Editor's Daughter O’Neills "

Swing . Friendly House

Gov't. Reports Castletime

Noon Rhvihms Charm House Schooi tor Mrides Boy Greets Girl

Home Folks Ramblers Bill Jones —_— RAollow

News Farm Hour ”» » Farm News Carolyne Golden Livestoc Belt Ciimn 5 § Bitenter Val

Church Hymns

WIRE Reporte oice of

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atinee

"Three Consoles Poetie Strings ~ Chansonette Not, Long Are ___Khythmaires ~ Exolgrine y Musie

Carlyle __ Science

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Stella Dallas Vie & Sade Midstream Baseball |

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monn! moun sowie! —a—m! SE te] = $333 5533] $352 5333

CBS—WABC, 860; WIR. ?

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Backstage Wile

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Guilding Mag Patieriei

Beautiful Life Midstream

Woman Sneaks Day Is Ours Musi awaiians Vaughn de Leath

Believe In Indiana FI EOS ore

Powe Pomas

omer Doriot orkshop Concert “

» »

KEY NETWORK STATIONS (Subject to change): MUTUAL=WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850. NBC:-BLUE=WJZ, 260; WOwWO, 1160; WLS-WENR. 870; EWA. 1350. NBC-RED—WEAF, 660; WTAM, 1070; 8); WAS,

WW), 520; WMAQ, 61 820; KMOX, 1090; WhEM, 0.