Indianapolis Times, Indianapolis, Marion County, 3 July 1939 — Page 11

MUNDAY, JULY 8, 1030

13-GENT RISE MADE BY HOGS

IN TRADE HERE :

‘Gain Pushes Peak to $7.55; . Vealers, Sheep Firm With Saturday.

i ey ERE = ? os

8y United Press

NEW YORK, July 3 (U. P).— Trading on the stock market today dropped off sharply with the day's total one of the smallest in 20 years.

age were slightly above Saturday's close. The financial district was sparsely populated with many traders away ? | for a long holiday over Independence Day. Those present merely

tape as a result stood idle for min{utes at a time. | All markets in the United States!

Hog prices turned upward again will be closed tomorrow for the

at Indianapolis today, the top price holiday. on 210 to 220-pounders rising to.

{there will be no transactions in foreign exchange. Even the livestock

Prices moved narrowly and on aver-|, . o.,

transacted routine business and the Loew's

Net High Low Close Change

Baw Sl Bu BOI Toser GRE |. 2% 28% IT + un

3a 3p 221%

Life afers LE& MB

gma Banks will be closed and |M

rtin - $7.55, according (o the Agricultural jy arkegs. which rarely observe a Maun

Marketing Service.

The jump in prices was accounted |

for in weights above 160 pounds |

‘holiday, will be closed. Industry (generally will shut down, including

steel which this week sharply cur- |

where a markup of 15 cents from tailed its operations.

Saturday's prices was noted.

. Weights below 160 pounds Hmine/

stationary.

The vealer market held steady | Abbott Lab... 52. with a peak price of $950 paid. An wars El Spring lambs also held steady at a| Alaska, Jun

$10.50 top. s oh Teo 153

hii t LPL 33%

Packing Sow

Barrows and Gilts d and 75- 350 4

m—

§ ofr Gots FRasd

350 3 Slaughter Pes od and choice — 100- 120 $ 6.65Medium .. 6.13-

eceipts, 1906) Choice— Beis 750 3 G'd bf $ 7.25- 1.7 Medium. 6.75- 7 Cutt. com-$6 00Vealers All Weights— Choice. .$ 9.50 Good Medium Cull and common

“Hadi =tiR ' “tat aut wt at ul) CY CV CO NON NN DN

2 30 330- 350

ro ENN

ho BCS

OOOO OOO

= > i

7 8.25- 9. 1100- “1300 8.25mon Plain— 750-1100 .

s iReceipts. Feeder and Stocker Cattle Steers

Cho! 2.30 0 “S00 $

0.350 Gos §.258.25- 9.0

- 200 500-1050 8.25-

5.55] 7.00 6.50 cutter 4.25- 6.00

SHEEP AND LAMBS (Receipts, Spring Lambs Good and choice ‘ Medium and good Common and good Ewes (on shorn “pasis)

Good and choice Common ...

CHICAGO 0 LIVESTOCK En 7

* _Hogs—Receipts, 8000: 10 cents higher than Friday: few 210-230-1b. weights showing Joore advance: bulk 180-243 Ibs. $7.15% 7.30: $7.53: most 240-300 lbs. $6.65@ 7.10; ibs. [email protected]. sows. 5@10c 325-4235 lbs. aroand $6.40: bulk 450-350

Caitle—Reccipts, 10.000:

higher: Ibs. $3435.65. calves, 1000;

shipper demand fairly broad on good and . 10@ |Bklva-M T.... local large |Bkiyn & Q vf. killers also paving higher prices very scarce: most grassy Kinds carrving replacesteadv at |B

choice steers and yearlings: 13¢, instances 25 cents higher: and small on all

market

grades: plain grassy steers ment merit and selling fully [email protected]: hest fod steers early but some held well above $11: loads, $9.504 10.25. best heifers, $3.50: heifer market er all through the list: « firm: bulls fully steady: to $7.30: run largeir vearlings: numerous loads siderable weight and of $3.30 upward. Sheep—Receipts, native spring lambs top. $10.40 for few pers; INES now termed “vearlings’ $8: bles Texas wethers $3.85 straight Be few head native $2 30@ 3.30.

$10.50. heifers. $9.50:

cows and weighty

value to

2000; generally $1010.23 to vackers and

to local

OTHER LIVESTOCK

CINCINNATI, Receipts salable, ket, active, top, $7.80: Ibs, $5.80@ 6.65; sows, Cattle—Recelipts 1100; calves. receipts salable, 439: £30: market, generally steady three loads near 1025-1b. good fed vearlings, $9.73: to choice near 700-lb. fed heifers. $9.7 odd strictly goon, young fed cows to a TO pulls. $7.25; vealers top, $9.30.

p—Receipts saleable, 1300; Joos Roniy light but demand and tra ing draggy. cents jower; good and choice lambs, $9.75@ 10.25;

July, 3 (U. P.).—Ho 3000; total, 3425; to 15 cents higher: , $7.30. 100

$450@5 saleable, 1100:

closely

to $10.50: $7@9: buck lambs more under similar ewes slaughter ewes, $2@3 to 33.25 or above.

common and medium,

and wethers;

WAYNE, Ind. Julv 8 Hogs— 10415 cents higher: 7.33: 180-200 lbs. 37.25. -2 20; 24

(ug.

stags, $4: calves, $8: lambs, $3.50

LAFAYETTE, Ind, July 3 (U

. P.).—Hc . 153 @25 cents higher: 160-200 ibs.

Repts. | 136

§.15- “6.30 3.50- 6.2

9.25- $30 1050 . 9.00- 9.30 Am

8.00

generally steadv to Sorted

op, Ton 325-425 most $5.754 6.35: few lighter weights

numerous ris M..

10 25¢ highvealers kinds up grain fed steers and | carrving consell at

steady: mostiv: shipgood old crop clipped Texas offerthree dou- Case J I

slaughter ewes,

BS marto 140 C

total, € total, around to choice nearly two loads oe C

total, indifferent spring lambs 25@50 trucked-in sorted ul ewes and wethers considered eli-

discounted 50 cents or

: choice lightweights |

P).—

Net High Low Close Change 53 + Sal 67 LK Clie

$30 Ww . nl

Repts. nA

Allied ! Allis-Chal .. | Amal Leath {Am B Am Can 5 | Am C &

3 300- 5.43 Am

Safe Razor Seating 2 a

Water W.. Anaconda cee 33 "i Arch-Dan-M

300 Arch-D-M_ pt.

{Armour I .. 1g 4 4 14 Artloom 6 1a Asso Dry Gds.. Y - da Asso mv pf... 953 4 3% Atchison cuvh 23% a Atl C Line .... ls Atl Refining... "iis Atl Ref pf A Atlas Corp Atlas Track . Auburn Auto {Aviation Corp.. Aviation rts....

Ld = Dara a & - om

3 Ein

Ben Ind Loan. . Co.... Beth Steel Beth Steel 7 pf 107: Beth Steel 5 oi 1 Bigrsiow San. Blaw-Knox Boeing Air. Borden Boe “Warne: “

fo CY bps 0S DIG Dt Gd th =] Cd pet D1 5 OD Vl vet DOD NN =IBI =F ep + ¢ gr oa - Por SP

LIAO ow Wu aE aH

wp ml

Bow RB... | Bagept Brass. . Briggs Mig... Bristol-Mvy

ht fst pa

Bkivn U Gas. Bruns-Balke . Bucw: Ne rie .

3 Pa

pt pt 03

Burroughs Butler Bros .. Butte Cop & > Byers A M...

WW Do WEE BN ee

Callahan Zinc.. Calumet & H... Campbell Wy . .. Canada Dry Can Pacific car C&O ...... Carpenter 3t1 ..

—- BD pe ot OF pet

PRR | 1 Cietpillar TT « Celanese Lie il {Celanese pf ....

BD he fe VCD on TY CY A.

> —- wg a

BS w ES

a ay Cent Foundry .. Cent Ill Lt pf {Cerro de Pasco Certain-td : of. Ches & O t ChMSt STP bt pl..

pt WO C= yD 8D a oa

| 4 1 |

J OO pe pr a aR aE SN

3 y

4 Col Broadcast B Colum Gas . Com Credit Com Inv Tr.. Com Solvents . Comwlith Edison Comwlith & So Cmwith & Sc of cons Aifcrait ‘e Cons Edis 30 Cons Edison of 10612 Cons Oil gd | Cont can ..-... Cont-Ia Cont ins . Cont Mot

w -

o oa

4 1s 15 1 1s |

[te bad. 4 DOW CLID WEIN Bobhumuiinddnms

~N wR Dee DO

3 — PY 0

od Ww De PI PHD Po own

“ PION yo wo

w 12; [Cont Oil Del. .. 81 10; Corn Ex Bnk.

'm Cor \ | Crash Zeller pf 8° Cudahy Ps Pub ..:.. | Curtiss-Wr

$7.04 7.50. 260-323 | Curtiss-Wr A...

03; s, $6.75 ; calves, $949.30; $9.75 down.

Curb Stocks

High . 23% °

down: spring lambs,

Net Close pnsnge 23 90-16 1-1 1

Ara Pah Lal]

ra 3 ww -

rane > Gy

rae

Wr 3 aN

Cities Suey Serv of.. . Col ORG .

Crown Drug Lid G& Fue! Er of

or = DWD AS DO) re Dp < IND

NUN ECE

pn pt

Ee Fl Bd &

- FE a ER a -

rr of

1 1

fa pt WED Gg - Nn fut C0 Cad [ar aN

ITN re pw} TY ow Oy er

qe - hw rp Noa

Kingston Pro .. Lockheed Air Nehi Corp - N J Zinc

Wa aon bo CAD LH wn BD FY Py pn DD CID HD OTH Cadre CD I ND - ra

“ea “own

roughs,

| El 5 | El Pw & L $7 pf 23%

wl "

{

Deere & Co ....

Douglas Air .... | Dunhill 9 | Buplan Silk .... u Pont cove 199

1m Air Lines. . 154 s East R Mill ... 37 2 East Kodak ....139 Auto-L .... 30'% Boat ‘« 1 & M Ind .. 2% ec Pwr & Lt 67%

o Bl Paso Nat Gas 342° {Eng Pub S 10%

2 { Firestone pf A 108% {First N Strs.... 474 a Flintkote :-. 1832 | Florence Stove . Florsheim A ... 4 Follansbee

8s! |Gar Wood Ind.. {Gen Bak pf. ... 2 Gen Cable ot; 10 cigar pf .. Electric ... Foods “ Foods pf. . G& EA Mills Motors .. Rty & U... S& R.....

1G 12 {Gillette SR ....

Un Lt Wilson Jones... T “hen Wright Harg .. “ate

Chicago Stocks

3-16

Avi Corp rts Aviat 14 C3,

Asso Investmnt Aviat Corp

3 9

2112

ow - ~

Wo. FR ARE -y

OY OHI DDD CI ND bt BIRD BD BD DD 0 CY pe

Cities Service ... Comwith Edison Comp Ind Gas... Cudahy pf

w -

ND ow Cpe £3

<b pr rr pr

Keriyn Oil A Marshall Fed Merch & Mfg A Mid West Corp. . Mid! Ut 8 pr lien. idl NS . 2 hw lien dl Utép fA... ontg Ward : Cay p= ‘of.

OY OH OF Cd BD IND he DD ND ps [

AD LD ee pe a

Co ow OO

LC ee

Close | 3-16 | Greyhound Cp.

aia |

3% | Here

+2 | Gimbel Bros ... 1 | Glidden Gat el Gobel. Adolf

1-18 Goebel Brew

C{ oodrich ... | Goodyear Gotham Hos ... Graham- Paige

Gra ‘en Grong Union ... Gt North pf Gt Nor Ore ... t West Sug .. 24 Green

Hack Wat il A SH Hazel At G 2 | Heeger Prod

Tob pine 1 ¥ nl

* months of 1939, 2 Loan League of Indiana announced

* lwere paid to T7750 individuals. ‘represent those who have made

sipoints or .9.2 per cent;

[cKeesport .... elville Sh ....

Mo KT Monsanto pL B 121 Mont Ward | Mor & Ess \fotor Prod

es ullinsg Mfg B.

arphy G Murray a Nasa Kelv

Aviation .. Biscuit ....

Bis pf ....170 B * Pv o Cash Reg . Cvl Gas ... Dairy ... Dairy pf B Distillers . Gypsum

a i va* oi t Lead pf A Pwr t Steel Newport Ind .. IN. Y Sentral “4 I NYC&StL pf NYC Omnibus

; |Month age ....

s | Press Stl Car...

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Ciiistinieniis coe 18178 4-110 veinssesiess 18500 2.2% . 187.08 —0.08

Saturday Week ago Month ago Year ago High, 1939, 154.83; low, 121.44, High, 1938, 158.41: low, 98.95, 20 RAILROADS 25.93 4.0.08 27.27 —0.89 27.90 —0.04 "Holiday 31.33; low, 28.14 33.98: low, 19.00 15 UTILITIES

Saturday Week ago

Year ago High, 1939, High, 1938,

Saturday Week ago Month ago Year ago High, 1939 2 High, 1938, 2

28.09 +012 23.45 —0.60 23.46 —0.06

th ol -_ 1 Panhandle .... “es Paramt Pict

Fk ARNG EN NENW

y 41> Parker hst Prf 18 Parmelee. ...... 1% Pathe Fim ... Patino Mines .. Penney enn ’R .. .. ret Corp Am .. Phelps Dodg ... Phila Co 6 pf. Phila Read C Phillips Pet .. .. Pitts Sc&B Dus, 3 Pitt

rR A MT

» Gnic OB=ICC rei LOO CS Ad ¢ oa

AR Ric-Am A.

{ Purity Bak

1s 3 Is Ge 1s i> Am “5% pf. . ve

‘Ohio Oil . 6° 3 nr Oliver Farm Fq } Thus 14 ) .“.

s 1 ‘e | Otis eel 834 3a 8 + owens m Glass. > 60 12

am,al Fig ac ast p : EW {Pac G & ... 302 ‘ 30% 1s

‘LOAN CONCERNS

VOTE DIVIDENDS

Two Million Paid in State For First Half of ’39, League Reports.

Savings, building and loan asso-

, | ciations of Indiana Saturday paid

$2,410,000 dividends for the first six the Savings and

today. The sum was distributed to 187,300 individuals in at least 79 of

‘the 92 counties of the state.

James Clawson, league president, reported that $66,750 in dividends They

their first investments in savings, building and loan associations during the last six months. Th eamount of this dividend payment reflects quite an increase for these financial institutions during |2® the past period as the dividend of July 1, is considerably larger than

% the payment on Jax. 1, Mr. Clawson

said. 15 “Investments ranging from $1 up (to several thousand dollars earned [this dividend,” the league president said.

“STEEL SCHEDULE

OFF 29 PER GENT

NEW YORK, July 3 (U. P).—| |Steel operations this week are 3 | scheduled at 385 per cent of ca- *| pacity, & drop of 15.8 points or 29.1 y per cent, the American Iron & Steel |¥ Institute announced today. The industry shuts down for the

: | Fourth of July holiday and many

plants were closed today. The rate of operation does not take these shutdowns into consideration. The rate a week ago was 54.3 per | W

. cent of capacity; a month ago, 54.2

per cent, and a year ago 22.4 per | cent. The 1938 drop in the Fourth of] July week was 22.4 per cent off 6.3 points or 21.9 per cent; in 1937 to 67.3 per cent off 7.7 points or 10.3 per cent; 1936, 67.2 per cent off 6.5 1935, 328 per cent, off 49 points or 12 per cent, and 1934, 23 per cent, off 21.7 points or 48.5 per cent. Experts anticipated a quick comeback for the industry next week. The rate was expected to hold between 55 and 60 per cent for the remainder of the month with improving demand for many steel |products. The automobile companies {are expected to be heavy buyers

*| shortly when they change over to

1940 models.

J, P. MORGAN FIRM

NEW YORK, July 3 (U. P)—

Co., its Philadelphia affiliate, today

as of June 30, compared with $570,640,379 at the end of the first quarter. Deposits amounted to $555,596,806, compared with $514,978,544, while surplus and partners’ balances in-

865. Cash on hand at the end of the first half-year amounted to $93,759,368 compared with $119,590,562 and holdings of Government securities

rose to $393,023427 from $333,488,-

583. Holdings of state and municipal obligations increased to $63,155,113 from $56,399,785. Loans and bills purchased amounted to $28,622,363 compared with $29,620,813. The interest of J. P. Morgan & Co. in Morgan, Grenfell & Co, Ltd., was reduced to four MIllION COIIATS | jr ————————————————— from $5,500,000, the report said.

AIR TRAINING OFFERED Times Special

BURBANK, Cal, July 3.—Lock-

+ | heed Aircraft Corp. today announced

an apprenticeship .training program. Young men will be paid about half the prevailing wage rate of trained workers for part-time work between Classes during a fours period.

i Stk Yd.

| ASSETS SHOW RISE !

J. P. Morgan & Co. and Drexel & z

reported total assets of $611,321991

creased to $19,034,539 from $19,019, |H

rr oF 0

Reis 1 ‘ptf Reliance Mfg Co Reo M

ot “es Republic Stl ... Reyn tin

Rey Jo Ricntielg onl

fo JOD CY ho pt UD wu} be CY Ce . Ls

la ~~

afeway afeway 5 pf...107 afeway 6 pf. 11% t Jos Lead 3254 t L-S Fran pf. 11a schenliey Dist .. 1% chulte R 3g jcott Pap ... 50% eabd Air L ... 3s ears Roebuck Ii “suk 2

wonn

Un Oil 1 Un pia. ilver-Knig . immons .. oconv-vVacuuin

BIND WD NANI

SIND

td Oil Ind... id iOl N “ Steri Prod cole

unshine Min. upechtr Con uperior Oil... uperior Sti... Pap

ift & wift Tati

Talcott J Tenn Corp Texas Tix G Tex Pac T. Thomnsen J R Thompson P... Thomp Star .. Thomp Star pf Tide W A Oil. Timk-D 2x ‘5 Timken R RB. Transamerica

2 23, “181% 1814 —U— 3 23 Union B&P Ta Unior: Carb

United Cp pf. United St . Yn Dye vond. ‘e Un_ El Coal. UE & PF. United Fruit Un Gas Imp... UM & Mfg... u u U U u 4

Un Stores A... 1° Univ bE 6014 cra Vick Chem .... 40Yy X | Victor Chem .. 211% Ni | Va -Caro Ch... 2% 2 13 Ja-Car 8 of... 20 20

E&P 6 of... 115% 115% [rene R pf 121'; 121

Ppt

Piet 1

| i+:

Waldorf Sys ...

fet

18 9514

eller hs

VE:

Yellow TT Young S & W. Young Sheet

Zenith Rad 1%

LOCAL ISSUES

The followin uotatio - apolis Bond & 8 are Gory by hg sent actuai si Indicare he app Toximate market ying and sellin recent Rack, By E ols

173%

Stocks

Auto Invest 2 Som *Belt tock Yds com. *Belt RR % Stock Yds pfd. Cent Ind Pow 7% pfd Home T&T n Wayne % Hooks Drug n . *Ind Hvdro Flee EEA *I Mich 77 pfd.... Water pfd . BEL © vid DP ‘ P&L 6'2% pfd.. “ Nat Lite Fad Po som ‘ Pub Serv 5'2 fd... Pub Serv 6 N Pub Serv 77% oid rogress Laundry Co com

—D a. —-—

NTR

—— -

I poet OD CI TO CO € 3 pt pt J

Bonds

American Loan 5s 5 mer Loan 3s 46 ‘“ Citizens _Ind Tel 4!5s 61. ‘s Crabbe Reynolds- Taylor 55 42.. 95 T&T Ft W 5% 55 Ft Ww 8% 4

d Tei 60 Indpls Railways, ‘ine 5% 67.. Indpls Water a 6 Inter Tel & Te okomo ater 5%

Sa DBNON=D

atl Silk Hogtery. Mills 5s Soblesyille HL&P 6'2% 47.. e

e 2% 58 97 Richmond Water Wks 5% 49..103% Jeymour Water Wks 57% 49. 100 Haute Water Wks . -J00 T Haute Water Wks 6% 49.. [ract Aum > *Ex-dividen st & C

(By C. M. Cri Market St. Yuvestment Market St. Investment Corp... 20.37 20.59% |Califc

®. 5 20.59*

Oldest

THE INDIANAPOLIS TIMES

FINAL NEW YORK STOCKS

| wheat in the visible supply

+! lhard, Tle; No. 2 hard. 70'2¢; No. 2 yellow

Cc; 12 mixed tough, 68

Barley—Feed, 35@45¢c

14 | Corn—Easy:

PAGE 11)

MANY FACTORS FORCE GENT DIP

Steady at Slightly Lower Level.

CHICAGO, July 3 (U. P.).—Hedge selling, weak outside markets, and an increas ® nearly 12 million bushels in the visible supply depressed wheat prices on the Chicago Board of Trade today. At the close wheat was off 1% to 13% cents. July 68%. Corn was off 3% to % cent. July 46'2c, and oats were 2 to 1 cent lower. July

is |303%c asked.

Scattered liquidation of July fu-

i{*! tures added to the pressure, and

wheat lost more than a cent. The holiday tomorrow and the private crop estimates to be released Wednesday kept some traders on the sidelines. More favorable harvesting weather | over the week-end resulted in a big increase in new wheat receipts at Kansas City. Prices in that market were off about a cent. Minneapolis wheat slipped about 11, cents partly due to favorable

s | weather for spring wheat, and Win-

nipeg declined a cent. Export sales of only 150,000 bushels were reported. Liquidation of July contracts brought about a decline of 1 cent to 13; cents in the Liverpool wheat market. The Board of Trade reported an increase of 11,964,000 bushels of last week. A private estimate of a 709-mil-lion-bushel wheat crop had aj

: slightly bearish effect in the wheat

pit. Corn prices held fairly steady at

.| slightly lower levels:

709-Million-Bushel Wheat

Crop Is Forecast

CHICAGO, July 3 (U. P) —C. E. Galvin, crop expert, today forecast

.la domestic wheat crop of 709 million

bushels, far below last year’s yield of 931 million bushels.

Mr. Galvin estimated winter wheat

: production at 521 million bushels

and spring wheat at 188 million bushels. Excellent yields of winter wheat in the Southwest were offset by additional abandoned acreage, the report said. In the Northwest spring wheat belt favorable rains improved prospects, but much early sown wheat was permanently damaged by drought. Mr. Galvin said the corn crop was “making excellent progress” and promised a yield of 2518,000,000 bushels compared with the 1938

1 2 crop of 2,542,000,000 bushels.

CASH

Wheat—No. 2 red, Tl'2@71%c: No. tough. 68c: No. 3 red, 69% @T0'sa; No.

hard, tough. 67%4@70c: No. 2 yellow hard, sc, No. 3 yellow hard, tough. 6734 i No. 3 Yellow hard, 69'4c; No. @69'2c; No. 2 mixed, 70@ 7034c; No. 3 mixed. 67% fa 67 2c. 1 mixed. 49'4@49'2c: No. 2 mixed, 49¢: No. 1 vellow, 59@49'zc; No. 2, 49@ 4914; No. = fang No. 4 yellow, 48xc; sample, 47@ 47 313;c: : N

Corn— No.

Oats—No. mixed Rraln.

sample, Sov Beans—No sales. nominal; malting, Cash provisions—Lard, loose, $5.10 asked: leaf, bellies, $6.25 nominal.

RANGE

Low

504 57c nominal. $5.82 nominal; $5.25 nominal;

ev.

Pr Close Close

$.68's .69%2 Je

$.68'a $.697s =

461, 49%

aAsked: bBid.

LOCAL GRAIN

CASH Wheat— Weak: 2% s., carloads; Nn. 1 red, 64@ No. Tha 63@64c, No. 1 hard, LY No. g hard, 62 63cy receipts, 83 carloads: No ellow. 421a@@45%c, No. 3 vellow, 41a 2c; No. yellow, 20V, @41%0; white corn T cents Ne Yellow: mired Sr ue 2 cents under vellow ats Va - ceipts. 13 carloads: No. 2 white, Soa s0the; No. 3 white, 28 29c. WAGON WHEAT ol Sia napolls grain elevators are paving No. 1 red, 60c, other grades on their Hy Cash corn, new No. 2 yellow, 4u¢ Oats, 28¢c.

LIVERPOOL WHEAT

High Low JUIY. coined 8.5412 $54'a October ... 58% .58%%2 December 61 60%

DAILY PRICE INDEX

NEW YORK, July 3 (U. P.).—Dun & Bradstreet's daily weighted price index of 30 basic commodities (193032 average equals 100): Today icesviceeeases 104:91 * | Friday Citasieeensesiessceess 1039) Week ABO ...oovversnsnensss 105.08 Month ABO ....... cieveens... 106.82 YOAr ARO. ........:.: uss Holiday 1939 High (May 26) .... 1939 Low (April 13)

FOREIGN EXCHANGE

NEW YORK. July 3 (U. P.).—Following are noon cable rates on major currencies: Cable Rates Net Guange England (pound) 3-16 16

Ene. 160-d. bill fae) Canada (dollar) .. France (franc) Italy (lira) Belgium (belga) Germany (mark)

Prev. Close $.541a .58%2 605s

39%

JIN WHEAT TRADE

IA. Pritchard, Fortville;

. Clearings

Corn and Wheat. Region Official Weather

ns BYU. 8. Weather Buredtl pea!

July 8, 1939 recipi- State of High Low tation. weather eo 83 66 00 PtCldy

Station.

Mapon Lafay

ette Cambridge ‘City...

Corn Prices Hold Fairly Simos

0 Vincennes Paol

W Indianapolis cies Terre Haute

Evansville Sloudy

DULL PERIOD IN

STEEL VISIONED

Report Ingot Production at 51 Per Cent Capacity Chicago District.

CHICAGO, July 3 (U. P.) .—Steel ingot production climbed 1'2 points to 51 per cent of capacity in the Chicago district last week. Local steel circles predict a dull period in the immediate future, with mills marking time pending the release of new orders for automotive steel around the last of July. Farm equipment plants shut down at present are expected to reopen after the holiday. The steel scrap marke is quiet, with the principal local purchaser having a plentiful stock on hand. | The last mill sale of No. 1 heavy melting steel was at $13.50 per ton, and buyers are unable to purchase this grade under $13.25.

BUSINESS RESUMING RISE, REVIEW FINDS

NEW YORK, July 3 (U. P).— Reports from various industries indicate that business has resumed a definite upward course following the spring let-down, the National City Bank of New York said today in its monthly letter on general business conidtions. “Some observers had feared that the slackening in the early spring, which dropped the Federal Reserve index of industrial production from

98 for March to 92 for April and

May, marked a major turn downward, but the rebound is proof to the contrary,” the review stated. “According to preliminary figures, the production index for June will be back near the March level,” the bank added. The spring decline evidently was a matter of minor adjustments, complicated by the war menace, the coal strike, and unseasonable weather, and when those depressing influences lifted, business was in shape to regain the lost ground, the review found. “They (businessmen) recognize,” the review stated, “the difference between a rebound, after temporarily depressing factors are out of the way, and a cumulative upward tyTiovemner:, carried forward hy a ound business situation and a spirit aE: confidence and enterprise, and evidently they are not counting upon the latter until they see it more clearly.” Commenting on the President's proposal for a new program of Federal lending, the bank said it has not so far affected the markets or

* | business sentiment to any great ex-

tent.

SMALL CAR—SMALL TERMS

Times Special

midget automobile of Crosley Corp., the first car to be merchandised through department stores since the auto industry's infant days, will be sold for $75 down and $10 a month, it has been announced.

INCORPORATIONS

Capital Potato Chip Co., dissolution by decree of court. McConnell Truck Lines, Inc., Indianapo-

dissolution. Gras Association, Inc., 4401 E. i" St.., Indianapolis; no capital stock; civil and social; Charles Madinger, Baga Clarence Nel. Albert Rue Eis eat Lakes Gas and Oil Co. Inc., 5245 Hohman Ave, Hammond; agent, Irving J Lewis, 2449 Cline Ave. Gary; 1000 shares go Fg! slues prospect for oil and gas, Lewis, M. L. Meyer, Irving J. Lewis. A pack SO Coal, Wood Ice a corporation of East Chicago, Ind., Washington and Blocks Sts, East Chicago; ent, Helen Kirrin, 3902 Main St. East a icago; 100 shares no par value: deal in coal, wood aad ice; Anton Grzetic, Stephen P. Genevive, Helen Kirrin. Indianapolis Grain Co., Inc., 626 Board of Trade Bldg., Indianapolis; agent, Glenn 100 shares no par value: grain piisinese: ‘Glenn A. Pritchard, Claude C. Major. u TaYse Meus; Marcus E. Kendall, Foste River Coal & BR ooly Coy "ine. New Alr. change to C. U. Zoeller, 418 'E. 5th St.. The Interstate Co., Delaware corporation: admitted to Indiana to operate hoels and restaurants and advertising busi-

"Thor nton Quarries Cor Illinois corporation; admitted to In jana to engage

in stone quarrying. Our Saviour Polish Ngtional Catholic New Chicago, Ind., Ho-

Church, Inc, of bart; Frank Ligocki, Steve Mikola jezyk, John Kusz, Jakub Kahia, Antoni Drygas. Arcole Constr. Co. Illinois corporation: amendment of articles of Incorporation, Donald E. Shaw & Co.. Slertiond City: change of agent to Donald E . Shaw, Masonic Bldg., Hartford City.

LOCAL PRODUCE

Heavy breed hens, llc; Leghorn ne hens, 8c; Barred and White Rock’ springers, 2'2 lbs. and over, 16c: colored springers, 3 ibs. and up, 15c¢c; Leghorn broilers, 2 Tos. and o%er. 12c¢; spring chickens, 2 lbs. and over, 3c: old roosters, 6c. No. 1 strictly fresh country run eggs, llc; each full case must weigh 55 lbs. gross; a net deduction of 15 cents for each full case under 55 lbs. will be made. Butter—No. 1, 25% @27c; o- 2, 25¢. Butterfat—No. 1. 20c; 2, (Prices quoted by Wadley Co.)

Indianapolis;

Mardi

2@ 8c.

INDIANAPOLIS CLEARING HOUSE

"lalong in the famous comic strip

CINCINNATI, July 3.—The new]:

CORONA TYPEWRITERS

‘led to $15,643 compared with a net

TONIGHT

6:00—Al Pearce, WIRE. 6:00—Andre Kostelanetz, WFBM. 6:30—Margaret Speaks, WIRE. 7:00—Radio Theater, WFBM. 8:00—~Guy Lombardo, WFBM. 8:30—Blondie, WFBM.

Blondie and Dagwood moved many years before they achieved national prominence, if by national prominence we mean the movies and radio.

Blondie will start at 8:30 o'clock tonight, CBS-WFBM, for a regular half-hour spot. . . . Andre Kostelanetz plays his Monday broadcast for the last time tonight at 6 o'clock. He goes off the air until Aug. 21. The pieces de resistance are arrangements of ‘Yankee Doodle” and Johann Strauss’ “Perpetual Moion.” Mr. Kostelanetz will make a concert tour starting with a program in Robin Hood Dell at Philadelphia. ” ” ”

Tonight sees two swing bands come to the airwaves to make the jitterbugs cut their rugs around

the family radio . . . John Kirby has been playing sone months at the famous Onyx Club, long hailed as the birthplace of modern swing. You probably won’t be able to hear the band for the next two or three weeks. There has been some trouble finding the proper time and outlet. He'll be on CBS from a New York outlet at 4:30 p. m. today and next Monday. Then he has a Chi-

ON THE RADIO

to New York there's talk of him taking over a larger program. . . . Larry Clinton takes a permanent spot at 8:30 o'clock tonight, NBCWIRE, with his Musical Sensations. The program will have the usual successful program “twist. 9 This time it's dramatized “news sensation of the week.”

” ” 2 Al Pearce and His Gang continue with their 6 o'clock, NBC-WIRE program. This brings to mind the quip Arlene Harris, headliner on the show, made the other day.

Said she: “Imagine! It's 15 years since I've seen Katie, and we used to be such good friends. Yes, 15 years ago we were both 18, and now she’s 33 and I'm 25. How time does separate friends!” ” ” ”

The tentative outline of the new program rules to be submitted to the National Association of Broadcasters’ convention early this month is almost exactly the code now en=forced on the airlanes. One of the principal changes is the restriction of time alloted for advertising. Sponsors of the Louis-Galento fight broadcast take note. Richard Himber was through with band leading, principally, he said recently, because there wasn’t enough money in it to pay for the worry. Now comes the news he’s signed a new seven-year contract, sponsor not listed. How's that again, Mr, Himber? Beatrice Lillie will go on a new comedy show come fall. A New York agency is talking big figures with more than one tenta-

cago engagement. When he returns ” ” 8

INDIANAPOLIS INDIANAFOLIS 330 WIRE 1400 ee (NBC-MBS) (The neapils Times 1s not resp nouncements caused by station changes af

4:00 Dave Bacal Stuff Smith 4:15 Tea Topics 4:30 ” ” 5 Judith Arlen

WPA Program Jordan Cons.

Home tion

Varieties Lone Ranger

RD] aus £8

Buck Rogers Air Newspaper

Al Pearce ” ”»

News Tune Up Time

FBI Cases Lew White Radio Theater

” ” ”» ”

Unannounced Allen Roth

sledaded | BAIS | To

Patricla Gilmore

Margaret Speaks

tive sponsor. ” ” ”

THIS EVENING

CHICAGO CINCINNATI LW 700 " (NBC-MBS) onsihle for inaccuracies in program eRe ter press time.)

S. Smith's Or. Malcolm Claire Swingtime Sports

Divorce Orphans

Savitt's Or. Science on March

News Svoorts Magio

July 4 Safety de Leath’'s Or. Gomez’ Or. Lowell Thomas Baker & Denton Front Page Maupen’s Or. Inside Sports

Al Pearce Margaret Speaks

49 Comics

”» Forum A. A. U. Meet

Lombardo’s Or. Blondie

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XW PW

Sensations " Hy

Contented Hour ”n ”

True or False Dr. I Q. ” "

True or False

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Amos & Andy Pancho’'s Or. Minstrels

Pleasure Time Tribe vs.

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£3538

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INDIANAPOLIS WFBM 1230 (CBS Net.) Early Birds

(NBC-MBS)

Devotions Markets ”» ”»

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

Rist Kelly Central City yrt & Mar, Other Wife Hilton Howes? Plain Bill Stepmother Woman in Wh

Mary Taylor David Harum Scattergood Lorenzo Jones Big Sister Widder Brown Life Stories Road of Life

Girl UtTRe Uncle Jimmie Nancy Jam Dessa Byrd Farrell's, “Kitchen Editor’s Linda’s Love

Singin’ Sam Pr. Malone Farm Hour Markets

Betty & Bob Grimm s_ Daug Valiant Lady

8:30 6:45

Echoes ”»

” S. Foster Salute

Farm Bureau

ews Bohemia When Girl Marries NEA Program

Story of Song ”» ”

EE EL anda

rt pt fo | Fh fd pd £353 5333 | 5353

WIRE Reporte Headlines Pep pper Young Guiding Light

Backstage Wif Stella Dallas Vie & Sade Midstream

Kitty Keene Ma Perkins Basonology Yoichi Hiraoka

Unannounced

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Demoiselle Race Manstrels

Album Dr. Susan Carlyle Stevens Miss Julia

Edith Hendricks Stars-Stripes Race Kirby's Or. Back to School

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SID HOW

2938 200 wd

Home Edition Varieties

NBC-BLUE—WJZ, 760;

MUTUAL—WOR, 710;

Colonels

“Daughter

Church Hymns " ” 8

Stars-Stripes Race ,"

Kirby's Or. Welk’s Or. Herth Trio I. Jones’ Or.

Recordings

Pleasure Time This Is Fair Buckeye Or.

Peter Grant Strong’s Or. Salute

Herth’s Trio I. Jones’ Or. Moffitt's Or.

Marsico’s Or. Moon River ”» ”» » ”

TUESDAY PROGRAMS

INDIANAPOLIS WIRE 1400

INDIANAPOLIS cna WIBC 1050 Lw 300 NBC- MBS)

Reutusky Girls Pioneer

Time to Shine

Prayer & Praise Band Box

Breakfast Jam ”n ”» ”» ”»

ews A Gospel Singer

Caravan

Central City Paul Allison Originalities Hannah

Linda's Love Vie & Sade Alice Blair Road of Life

Editor's Daughtee The O’Neills

Coffee Cuns Hits of pay Fashion fobtlights Devotional

Reflections On With Musie Ranch Boys Dr. Swing

Friendly House

Frwks-Accidents News Castletime Farm Hour

Nonn Rhythms ” 4 ” ”

” ” School for Brides Golden Store Boy Greets Girl News

Home Folks

” ”

ite

Betty & Bob Grimms’ Daughtep Valiant Lady Church Hymns

Mary Marlin Ma Perkins Pepper Young

hter

r Matinee Shut-in Friends Believe in Indiana

e Pianorama Melody Time Concert , Hour

Mad Hatterfields Club Matinee Beautiful vite Midstream Kitty Keene Day Is Ours Morin Sisters Invitation

Unannounced Airliners

Glorious 4th

Independence Day

Matinee .

Lowell Thomas

KEY NETWORK STATIONS (Subject to change): WOWO, 1160; NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850.

WLS-WENR, 870; KWK, 1350.

REVERSES 1938 LOSS

NEW YORK, July 3.—L. C. Smith & Corona Typewriters reported today that net profit for May amount-

loss of $64,531 for the same month last year. In issuing the report, H. W. Smith, president, said that unfilled orders for the company’s L. C. Smith machines at the end of May were 19 per cent greater than at the same date last yeaf, and for Corona machines 34 per cent greater than last year. Dollar sales volume of all products for the month of May

the corresponding month last year.

FIRST TIME TONIGHT

Straight From The “Funnies” Into Your Heart

“BLONDIE”

A new 30-minute comedydrama based on the famous comic strip = featuring Columbia Pictures’ stars Penny Singleton and b Arthur Lake

WFBM 8:30 pm CST

ON THE AIR FOR

$ 4,779,000

Ger. (travel mark). Switzerland (franc). Holland (guilder) . Sweden (krona) Norway (krone) ... Denmark (krone) ..

FOOD PRICES

CHICAGO, July 3 Py, aeipples Ili, nois Transparents, ne T5c@s Sweet Potatoss—Tennessee, bu. hampers, $1.20@ 1.25. Carrots—California crates, 0308 Spinach—Illinois, bu.. 25@65c. Texas lugs, $1.25@1. Nashington crates, [email protected]. Michigan square crates, 40@65c.

1235214 .20901%

1.85. Onion

M xas Yellows, 80c.

LOANS

Ei The e CHICAGO Store

ket California ‘yellows, 90c@$1.

on on Everything!

Diamonds, Diamonds, Watches,

Autos, Cameras, Clothing, Shotguns, Ete.

13,474,600 ANY

fe g go SAO):

« 7/9 IREWORIS

FOR PARKING PROBLEMS TRAFFIC A WORRIES!

CAMEL CIGARETTES

eve)

roll Minn; RELA A

WRAY,

fil Bo

showed a 28 per cent increase over |:

LOANS INDIANA TRUST CO.

Allied With The Merchants National Bank

MACHINIST 181, W. South LI-6212

OUTFITTERS TO MEN, WOMEN and CHILDREN

wingston’ THE MODERN CREDIT STORE |!

. 129 Ww. Wash, Indiana Theates

Is Opposite 08

® Just “Charge It” Quality Clothes for the Family on Easy Credit Terms.

JULIAN GOLDMAN 2752%

STORE

118-122 N. Pennsylvania Accordion

Instruction 1-\

INDIANA MUSIC CO.

115 E, Ohio St. L1. 4088

Per Lesson

Ladies’ Full

ladies Yad HOSIERY ...

KINNEY'S

138 E. WASHINGTON ST. |

AUTO AND DIAMOND

LOANS

20 Months to Pay

WOLF SUSSMAN, INC.

239 W. WASH ST. Established 38 Years Onnnsite Statehouse.

L1-3749.

Guiding Light

RR RR