Indianapolis Times, Indianapolis, Marion County, 17 July 1939 — Page 11

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TRADING ACTIVE AS STOCKS RISE

—in

High Low

Allech Lud Stl. 17% 173%

+1 +4

Am Can . .. 963 {Am Car & Fpf 37 Am Mh & Fdyv 13% Am Ra S 12%

o | d&SS1 Rally Is in Response to ia Smet su Favorable Foreign, 3 WhePw = 8s, Am olen pf. 35 U. S. News. | aaconda Atchison Atl C Li

25% 8 NEW YORK, July 17 (U. P). —| Stocks staged an impressive advance Bai Lo ° 33 ais in fairly active dealings today in| Borer ne 2 response to further favorable domes- | Ben earn 3

tic and foreign developments. Boeing Ji

H+

fpf fife Fd

1s Ts

rr ry Fi

""%

s 3,

Ft:

{Bohn Ai & Br. Prices showed gains extending to, Rives Nee ; h ° ints ~ | BKlyn- -e more than 2 points. Steel and motor {Bulova W _. 0. 23 shares were in the van of the drive Burlington M .. to new highs since early June. | Ganaga Dry ai yo Thy } 4 3 ican SCific.... eports from Europe indicating a Carpenter st ¥ a 3 > elanese further decrease In tension over goinere Danzig and strikingly favorable do- [Shes Co mestic business news provided impe- |S tus for the advance. {Colum Gas Il. Traders appearsd to ignore the So Gas A... 8 : 3 oi : : i Tedit .... disturbed domestic labor Situation Ean Inv Tr.... 52 ~ i + 3 3 iCom Solvents .. and increased tension in the Far| comwith Edison East. |Comwith & So ’ s 1 wie Bethlehem Steel ran up 21: points| Sm Eh&So pt to 53 and U. S. Steel gained 1% toicons O1 ni 487s. Sloss Sheffield jumped 9 points. ! cont

! “3 Chrysler was a feature, running up, Cont 4% points to 79°: on ‘urgent short crane Co covering. General Motors gained Crown cork : bh point to 48. Auto equipments were Curtiss-Wr A .. 1g

strong. U. S. Rubber gained 2 points. |

+} jt +

Sti . ned {Dev & R A .. — Y Domestic corporate bonds turned I PRR co Mig .. - la

irregularly higher in quiet forenoon Dresser dealings after a hesitant start. | Western Union 5s of 1951 pushed past Pres 17 17 + % up 3 point to a new peak for the Eitingon Sch .. g : year at 71% in a firm utility sec- | Fibra. 36 of 3 tion. Industrials were little 2 Pu&L Sz pl. a changed. U. S. Government Obli- Evans Prod .... 8 gations were reactionary, prices! see Foe mostly showing slight losses. {ES pen fe i Curb stocks were firm and quiet. Freept-Sulphur. 20% Most price changes were fractional. | Montgomery-Ward A held all of |§2brigl A, ---.. 1X “x an early one-point gain in the n- gen a. l A Vg dustrial list while Babcock & Wil-/Gen Electric ... ‘ . i) COX, American Cyanamid B, Fisk gh Motors ... 45 ’ ‘ % Rubber and Jones & Laughlin Steel gen I were fractionally higher. Soar ich

15 CENTS TODAY

FAN Co Vealers, Sheep Remain Steady Here.

|Harb-Walk .... 22 | Hudson Motor 5 . [ee Motor .. 1% 1% 4% 11% % 1% 51% . wh nterchem .... 28 29 Lo 15 91 Ql 1% 57 7 ~~ 483% 483% 48 Ys 3274 32% -— 1s 6

Inspiration Cop 117% Inssns cts Md. 51% Interlake Ir Int Harvester. n Nickel. ...

— resge 8 S.... 251% 25Y; —— « 235¢ 23% 23% 1 1L-O-F Glass... 48Y 48; / 1 Life Savers ... 38% 381, 38 .. Loft, Inc .» J95%8 135g 3 <4 0X [2 Star Cem 50!> 50% 3s Fifteen cents was trimmed from hog prices at Indianapolis today) with all weights sharing in the decline, according to the Agricultural Marketing Service. Midland Stl : 1 sant “ree The peak price, quoted on 200 to Mont” Ward x NO 3 ” - Moter rod... 210-pounders, fell to $7.10, a low for { Moter wl the month. Vealers met a steady demand. and | the peak price remained at $9.50. ! Spring lambs also sold at prices steady with Friday's sales. The top price was $9.

CHICAGO LIVESTOCK

Hogs—Receipts, 0 20 nts we

2 N ieson .. 5 Menge] 1st pf... 8 8 a 4

Wa COTI 00 on CBI pn fn C3 fn pt

: HEE pr

Lott bt Lad Lee PTY XTX)

147%

Larger quarters on the eighth floor of the State Life Building have been taken over by the Binger Advertising Agency, started last February by George M. Binger. Expanding business made a move from the fifth floor offices of the firm neces- ¢ sary, according to Mr. Binger, 000: calves, 1500:

25a 40 cents lower: = » 2 c ce Kind

re Fred E. Thompson, 3939 Grace-

14,000; general market Ir; weights

d choice,

has an0. nounced establishment of an inSaat; ound SL green terior decorating business of his most fat steers and yearlings | OWN. He will specialize in wall5 Tits ower Chit Paper and painting. steady at $7.25 down: n u 2 ady at $9.50@ 10. s, 5000: fat spring lambs A sale of home sites in the “Gem: Ton mate spine | Eaglewood Addition at Lyndhurst Drive and 10th St. has been started by the Walter T. White Co. The Speedway City addition consists of 45 lots 79 to 93 feet wide and 210 to 400 feet deep.

” » ”

s lowr, v sales light lots held S11

around

sted

- top $3.25619.50: Washington ible good Idahos, ium to good Washmerely good yearound $7.75: native . choice scarce.

LIVESTOCK

NL Gh WASHINGTON, July 17 (U. P.).— “HH00- neonere 98s Excess reserves of member banks of market slow. 15¢20c lower: weights the Federal Reserve System rose 160 0-250 Ibs. off most: top, low, $5 i113 31173 @6.35; sows weak to 25c lower: few light-| Million dollars during the week to $450. . ended July 12 to a new record high Ta Eble recelnts. 1300: enly 1 /of approximately $4,450,000,000, acgood grades fed ste cording to the system’s statement ‘made public today. an Actual member bank reserves dur“common | INE the week rose 199 million dollars ; 25: few lots to a total of $10,350,000,000. t 1 ._ common to good | fat cows, $5. PR bulls, $7; bulk $6@ = ” 2 6.75; vealers, steady. 9 ¢; Sheep—Salable geeeipts, 1700; ‘airly ze-| WASHINGTON, July 17 (U. P.). ive. spring lambs strong to 25¢ higher | ~ than Fridav: most good and choice spring] —The Commerce Department re lambs, [email protected]: strictly choice ewes| vealed today that imports of gold Ersdet. Sha: cure S90 Puck Tams U0 | and silver during the week ended or more. slaugter ewes steady, [email protected];| July 7 dropped to about cme half choice lightweights, £2 or above. of the figures of the preceding Ind. July 17 (U. P.).—| week 10@20c lower; 160-200 1lbs.. Y : ST 00-2 Tos, Imports of silver during the 50%6.10.| week ended July 7 amounted to | $1,161,291 compared with silver imports of $2,605,323 during the week ended June 30. Gold imports were $39,595,639 compared with gold imports of $77,844,359 during the week ended June 30.

= = ” NEW YORK, July 17 (U. P)— Unfilled orders on most lines of wool piece goods are approximately 50 per cent ahead of a year ago, the

spring

laughter ewes,

OTHER

$6.7026.90: 2° .. $6.3046.60; pigs, $6.50 down; Calves, $8.50@9. Lam

FT. WAYNE, Ind. Hogs— 30c lower; 200-22 5., 30-20 , $6.95: 160-180 Ibs., $6.85 $6.80; 240-250 lbs., $6.55; 280-300 lbs., $6.05; 3 50 lbs, $5.60; 14 1ghs, $4.50; ds, $8.50.

INDIANA TRUST CO.

Allied With The Merchants National Bank

INCORPORATIONS

for WATCH REPAIRING Sommerville Building & Loan Associa-

| tion, Sommerville, dissolution.

Indiana Savings & Loan Association, No. 17, Indianapolis, dissolution.

Union State Bank, Delphi, dissolution. { Show Boat, Inc., South Bend, dissolu- | tion.

Wun (HOU. EC ! | Plastic Metals, Inc., New York corporajticn admitted to Indiana, to sell elec-

: WEST MARKET SIL | trolytic iron and plastic metals.

w= QPPOSITE CIRCLE MOTOR INN | silliam and Robert Stadtlander, GreenEE ——————————mm—— | G21¢ registration of trademark, “Popular”

HOSIERY . .. 3% | won 15: oils and greases.

Jadies Tul Waterloo Hotel & Cafe, Inc., 202 Lincoln Faso |St., Waterloo: agent, James W. Greer, same

H ! N N E Y 2 S address; 1000 shares no par value: operate i

| hotel and cafe; Harry Schuster, John Uel138 E. WASHINGTON ST.

[Sr

son, James W. Greer. erne Riding Academy. Inc.. 1217 N. Secorld St. Vincennes: agent, Earl E. McKim, same address; 100 shares no par value: operate riding academy for renting saddle | horses: Earl McKim, Helen cKim, Flovd Donaldson.

Illiana Motorcycle Club, Inc., 4339 HickSHERWIN {ory Ave., Hammond; no capital stock; soicial and competitive events; Horace Rob-

WILLIAMS lerts Edson Rhea, Harry Molenaar,

| Has a Paint tor Eve Purpose. COSTS Ba Because It Lasts Longer. |

VONNEGUT'S

MOSK INS

1231 W. Washington St. Directly Opposite Indiana Budter

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

" N. Y. STOCKS

By United Press

Net Last Change + 1%

7 Allied Stores .. 9 5” S | Allis-Chal 3 Fr % Alpha P Cem . 18 18 + {Am Bank Note . 12% ive a, | 37

“wn

. | Saturday

1, | Nat Lead 13 NYC & St L pf 0 3s | No : | Norwalk T

Bs 1s {Ohio Oil "1% Otis Steel

!s Penn RR "1% | Phelps Dodg -..

i 1 of. 26% F 3 1 , 1 04

Ya {South Pac

2 Thompson Pr .

* | Wabash of A ..

Sli 18 |W Pa P 7 pf . 121%

i {Cent Ind Pow 7°, pfd

TRADE NOTES OF THE DAY

WHEAT PRICES OFF SLIGHTLY IN CHICAGOPIT

Weak Foreign Markets and Rise in Grain Supply Induce Sales.

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Saturday ...... “rarer. 139.88 Week BARD + ...vivsniessss.. 133.79 Month ago . Year ago High, 1959, 154.85; low, 121.44. High, 1938, 158.41; low, 98.95.

+0.31 +0.05 +1.09 +1.86

Week ago Month ago Year ago High, 1989, 34.33; low, 24.14. High, 1938, 33.95; low, 19.00.

27.88 7.96

“tssertaseenrraans

=a18! CHICAGO, July 17 (U. P)~—

Wallace Charges Broker Bucketed’ Grain

PAGE il

WASHINGTON, July 17 (U. P.). —Secretary of Agriculture Wallace has charged Paris G. Hughes, sole proprietor of a brokerage company operating as Hughes & Co., of Great Falls, Mont., “with bucketing the

orders of customers and with having defrauded them in violation of the Commodity Exchange Act.” Bucketing, in the words of the

23.8% 23.55 21.64 gh, 1989, 26.52; low, 20.71. High, 1938, 25.19; low, 15.14.

"Teves tssenrtrenae

+0.9% Wheat prices averaged slightly low- | J935 er on on the Chicago Board of!

"tree teassareane

Trade today. Selling was influenced | by weak outside markets and a large! increase in the visible wheat supply. | At the close wheat was off 1% to! : Net | 13 cent, July 657% cents, corn was up Ivvse Btsouit So Low Lastchange 3, 45 off % ‘cent, July 44% cents, (Nat Cash Reg . 19_ and oats were unchanged to % cent Ne De eB Ho higher, July 27% cents bid. | Nat Distillers 26% Opening losses of 3: cent {Na: Gypsy” Wheat were mostly recovered in the| {Nat PrwrilLt Ce 8 first hour on fair buying, some of | Nat Steel . .... 593% which was credited to milling inNeon IS terests. Hedye selling was a chor . a jon the initial decline, and there was| Am Avn ... 15% {some selling due to more favorable weather conditions in the spring] belt. The domestic visible wheat supply increased 19.066.,000 bushels last

—N—

‘No A

A Pacific

+H FEE

8% 191%

Otis Elev ¢ 9%

{ Packard

+E Hh

Corn prices tended to follow the, trend in wheat. Crop news was | favorable and accounted for selling | at the opening, ‘1, offerings had a constructive i

| Pere Mat or pt

| Phillips Pet J {Pitts & W Va . Port Ric Am A | Proct&G of Public Serv { Pullman

fluence in late trading.

| Radio - Sh Republic Stl ... 16 : g . Indianapolis grain elevators are raying Revn Tob B ... \ : for No. 1 red, 58c; other grades on their | Richtiela oil merits. Cash corn, new No. 2 yellow, 45¢. {Oats, 29c. |Sehentey Dist pt 3° B® : wins Wiis chenley Dis Shattuck p 27 87 L RPOOL AT mmons wings ve a i Sloss Sheff pf 107% 107% . He eX |Socony Vacuum 115g 115 So Cal Ed 28 Bes

Sauth Rv 1834 Spiegel Inc .... 113 Std Brands .. 6% Std G & EG p 15% {Std ©. Cal ..... 26 26 Std Oil N J ... 4 43 | Studebaker .... Tl Sunshine Min.. 11% {Swift & Co.... 18 18 |

Texas Corp

56% 577%

Official Weather

—July 17, 1939—

Precipi- State of High Low tation weather Cloudy Cloudy Cloudy Cloudy Cloudy Cloudy Clear

361% 231, Stations %8 Notre Dame + | Angola oe | Wheatfield

Tide W A Oil . Trans & W Air Tri Cont 3 20th Cent-Fox. { Twin Coach ...

Rochester | . Msrion {Union Carb ... 3, Lafayette . .. ... 88 {Un Pac pf .... 1, Cambridge City .. On Tank ...... 21 21 vy, Columbus Un Aircraft Cp 373% . ; 35 | Vincennes Un Air Lines... ; % + 3s Paoli . Un Riscuit - 3 «ov | Ft. Wayne Un 20 .... |Indianaoolis u S LL 433% L 1 [Terre Haute U S 47 : TU

Clear PtCldy | Cloudy PtCldy PtCldy | Clear

CO00OO0DOCOOOD

3s Evansville

teel -.. 4T% 473% 4 S Steel pf...105% 1063% Ya | — We {Vanadium .... 21 21 Ya | LOCAL ISSUES ry . : The following quotations by the Indian13% 134 Ys apolis Bond & Share Corp. do not repre52 5 } + Sent actual price offerings but merely | indicate the approximate market level based on buying and selling quotations West Auto Sup 31% / : ‘a of recent transactions. o ya, ne ; Stocks { i Bi Ask | > {utc _Jhvest Corp .........\a 3 i > | Beit RR & Stock Yds com... 51 541% . Belt RR & Stock Yds pfd .... '}

Walworth Web-Eisen

| West Union | Westing El . { White S M pf | Willvs Overlnd Woolworth .... 473% Home T & T Ft Wavne 7¢%.. Te Hooks Drug no com 11 13 Ind Hydro Elec 77 nfd ...... 78%2 | Ind & Mich 7c, pfd BR imyted Indpls Water pfd 102% | Indpls Gas Co .. 21 . Indpls P & L 6° pfd 103 106 Indpls P & L 612% pfd ......107% 110% *Lincoln Nat Life Ins Co com 28% 31% N Ind Pub Se q 9312 | 97 | 106 | 1314 | 421% |

Yellow Tr .... 15% . 373% — 19%

155g Young Sheet 37%

| Zenith Rad ... 19%

ofd Progress Laundry Co co

m -u New York Wool Top Exchange Serv- Pub Serv Co of Ind 6 ptd. .

ice said today. = 2 ®

NEW YORK, July 17.—Slightly lower commodity prices at the end of June increased the purchasing power of the cash dollar to a level almost 2 per cent above that of the ’38 year-end. This is highest month-end point attained thus far this year, according to Administrative and Research Corp. | Morris 5&10 Stores 57% 56

" % @» . | Natl Silk Hosierv Mills FLINT, Mich., July 17.—Sales Of Noblesville HL&P 6'2% 47 ... (Buick motor cars during June Qhio, Tel Sy La totaled 19,186 units, almost equal {0| Richmond Water oe ® 1 i | Sevmour ater Wks . the preceding month when 19,794 |X Fate Wate: We Gor =. cars were delivered and 42.5 per cent | T Haute Water Wks 6% 49 . 102 over June last year when Buick sales | Trae Pon Corp ... -Dividend. famounted to 13,463 cars, it was an-

! y C. M. Crist & Co.) {nounced today.

(B Market St. Investment Corp. 21.43 Heavy breed hens, 1lc: Leghorn hens, 8c; Barred and White Rock springers, 21% ON CLASSIFICATIONS lbs. and' over, l4c; colored springers, 2'2 Ibs. and up. 3c; Leghorn broilers, 2 Ibs. and over, 12c; spring chickens, 2 lbs. and "% 13¢c; Did Tooter. 6c. ‘ i 0. 1 strictly fresh country run eggs, A more condensed classification llc; each full case must weigh 55 lbs. of commodities transported by rail|gross: a net reduction of 15 cents for | soon will be put into effect by the °2gh full case under 55 lbs. Will be 1aade. ‘nation’s railroads which will sim- |25c; buLterrat No. 32% Noe 18c. |plify work for local shippers and ae > : [carrier officials, H. O. Hill, traffic | agent of the Illinois Central, an-

STEEL OUTPUT AT | nounced today. 50 PER CENT RATE The Traffic Advisory Committee

of the Association of American CHICAGO, July 17 (U. Py —| Railroads now is working on the Steel ingot production in the Chi-| new classification, he said. cago District bounced back after A reduction in the number of classifications and simplification of rules and regulations are expected to result from the work.

DAILY PRICE INDEX

NEW YORK, Juy 17 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Friday Mh, Week ‘ago ...uuiv vii Month ago .. Year ago “ 1939 High May 26)... iis 1938 Low ‘July 15). ....u

*So Ind G & E 487, pid .... 1 | Union Title Co ecm 25 28 T Haute Elec Co rfd : 101 Van Camp Milk C> ccm .... 101 Bonds

American Loan 5s 51s: {Amer Loan 5s 48 {Citizens Ind Tel 45s 61 ... 102 | Crabbe Revnoids-Taylor 5s 42 95 {Home T&T Ft W 5% 55 ......103 |Home T&T Ft {Ind Asso Tel 57. 60 . | Indpls Railwavs Inc 5% 67. | Indpls Water 3%. 66 Inter Tel & Tel 59% 53 Kokomo Water 5% 58 ... ... Kuhner Packing Co 4127. 60..

10315 | 100% 100

points. Miscellaneous steel orders showed some improvement, automotive demand was disappointing. Farm equipment manufacturers are expected to be in the market for steel in another 30 days.

FOOD PRICES

CHICAGO, July 17 (U. P.).—Ap Illinois, Duchess, bushel, 85¢@S$1.10. 103.09 | Potatoes—Tennessee, bushel hampers, $1@ 103.87! 1.15. Carrots—California, crates, $2.30@ 9712.50. Spinach—Michigan, bushel, 75¢. To105.85 matoes—Tllinois, 20-1b. flats, 25@75¢. Cauli105 10 | ower—Washington, crates, $1.25@ 1.35. } Celery—Michigan, square crates. 50@80c. 108.02 | Peas—Washington, bushel, [email protected]. On103.09 ion Market (50-lb. sacks)—California yel- . lows, 95cC.

cess

in modity Exchange Act.

but light country

5312 | Cudahy pf

Pub Serv Co of Ind 7% pfd .. 65 68 |P

5s 42. 96 {Sen

{Insur No Am

the holiday slump to 50 per cent Switzerland (franc) of capacity last week, a gain of 51% bs

but | Denmark (krone)

R ples — Sweet | N

Agriculture Department, is the practice of a broker pocketing a customer’s funds and failing to execute his orders in the market. He hopes that the price movement will be against the customer and the broker vill not be required to account for his failure to execute the order or return the customer’s funds. It is a criminal offense under the Com-

A hearing of the charges has been set for July 26.at which time Mr. Hughes will have an opportunity to show cause why an order should not be issued by the Secretary of Agriculture revoking his registration and directing all contract markets to refuse all trading privileges to him

until further notice.

ON THE RADIO

TONIGHT Bumstead household, full to the

| im wit, tient wife, a dreamOrders 6:00—Al Pearce, WIRE. brim with a pa " =

i band and mischievous 6:30—Margaret Speaks, WIRE. mie hue “The Model Minstrels, 7:00—Hollywood, WFBM.

IC at 9:30, CBS-WFBM, tell how to EY pri WIEN. confuse an automobile salesmen.

The speakers will be Tom Howard and George Shelton. Father Layman, soprano rea Zor Salticar. of the Order of Christian records "of old 5 American songs Fathers of Venezuela, rescuer of a some time ago. Both singers be- Party of nine who ig n Te came so familiar with the thou-|JuP8le, and a 12-year-old boy who rescued his pal from drowning and

sands of songs they had investi- . » : then forgot about it, will be on the gated that they became American Order of Adventures at 6, NBChistorians as far as music was con- Blue

cerned. Now they are presenting a » ww» progm at 5.15 P. m. Monday and Monday seems to be a night for Friday. There's no local outlet. oneself and others.

on . discovering but its NBC-Blue. The program, .re ure two new programs—one is called “Singers Americana.

called So This Is Hollywood and the y 8B = {other called So This Is Radio. The second in the series of nine, The Hollywood business will conconcerts from Grant Park in Chi- sist of interviews with stars, starlets, cago will bring Glen Bainum and waitresses and former greats. In his band at 8:30 o'clock tonight, other words, the panoramic scene. CES-WAEBC. . . . the only trouble |The radio business will differ. It will with that is Blondie is on the air, |be the history of the growth of the too, at this time. Tonight brings | industry, dramatized in eight chapthe regular Sunday morning at the ters. Both are CBS-WFBM. "*@ =» = "= = =

RADIO THIS EVENING

(The Indianapolis Times is not responsible for inaccuracies in program announcements caused by station changes after press time.) INDIANAPOLIS INDIANAPOLIS CHILA SO CINCINNATI] WFBM 1230 WIRE 1400 WLS-WENR 870 \d 700 (CBS Net.) t.

”

Frank Luther,

Henry A. Wallace

aioe wl == RADIO FEATURES Small Exports BUILT-IN AERIAL Of Cotton Held

WAGON WHEAT 'New G. E. Line to Be Viewed

Tomorrow by Dealers At Hotel Warren.

Built-in antennas of all sets but

the outstanding features of the 1940 ‘Plus Value” line.of G. E. radios |

2: [the smallest table models is one |

Corn and Wheat Region | which will be previewed by dealers | Exchange Trade Service.

tomorrow, Wednesday and Thursday at the Hotel Warren, it was | announced today. The display, sponsored by the General Electric Supply Corp., dis- | tributors in this territory, will be in| charge of Paul D. Loser, appliance sales manager. Another feature of the new ra- | dios is enlarged speakers with alni-| CO permanent magnets which are! said to eliminate noises and vibrations. A large line of televisioin sets! also will be previewed. Each con- |

sole of the G. E. line is equipped for | television attachment, officials said.

Chicago Stocks |

Net Last Change | 2534 10 !

1 gy ® EC Ne

1 - 6% Sg 13-16 61%

A Sh Can Marconi Celanese 1 pf . Cent & Siw U . Claude Neon L. com & So wis. . Creole Pet

Fal

[= T: CD ~

& Cody. dp. “ora

We NAS

Jones ‘& Lau S$ Lockheed Air.. Midwest Oil . Molybdenum Mont Ward PcG... 6

FHI FREE]

NRIDUIOCOUT pdb ~J UN CIO Uo BI LY OY0O ~T00 . .~

oe =~

ore

@w NN

— LO;

Ft ND rs st 5 CO te

oN)

w A

1% is

FOREIGN EXCHANGE

. NEW YORK, July 17 (U. P.).—FollowIng are noon cable rates on major currencies: Cable Rates Net Change England {noundy--. $4.68 5-168 --.00 1-16

Eng. (60 day bill rate) . +... 4.67 9-16 4.00 1-16 Canada (dollar) ... .99 27-32 .-.00 1-64 France (franc) .0265 .05263% .16991,

Italy (lira) .4013%

Belgium (belga) . Germany (mark) .. Germany (travel mark) .

#.0000% —.0005

+.0013%% +.0000%

+0000

.2265 .2254Y, 03351: .2412%

.2353 .2909Y%

olland (guilder) weden (krona) Norway (krone)

"U.S. STATEMENT |

WASHINGTON, July 17 (U. P.).—Gov-

ernment expenses and receipts for the cur- | rent fiscal year through July 14, compared | with a year aco:

This Year Last Yea $462,421,486.54 ,059.02

Business at a Glance

By UNITED PRESS 28 weeks sales $200,380,668 vs. $104, - CORPORATIO NEWS 841,720 year ago, up 2.8 per cent. Seagrave Corp. 6 months ended Detroit Edison Co. 12 months end- | June 30 net loss $33,434 vs. $6942

® Just “Charge It”

Quality Clothes for the Family on Easy Credit Terms.

JULIAN GOLDMAN 52%

STORE 118-122 N. Pennsylvania

ed June 30 net income $9,589,731 year ag equal to $7.54 a share vs. $7,444,935 or $5.85 previous 12 months. Finance Co. of America 6 months $80.09 a share vs. $8097 March 31 ended June 30 net profit $88.892 and $90.68 a year ago. equal to $1.26 a share vs. $112,662 or| Tri-Continental Corp. June 30 net $1.62 year ago. asset value of common stock $2.17 a General Shareholdings Corp. June Share vs. $2.40 March 31 and $4.01 [30 net asset value of common stock |Vear &go.

0. Selected Industries, Inc. June 30 net asset value of $5.50 prior stock GE . .

MACHINIST 18'2 W. South LI-6212

32 cents a share vs. 7 cents March 31 and $1.12 year ago. Loew's Inc. 40 weeks ended June 8 net profit $8,173,000 equal to $4.62 a common share vs. $8,352,675 or $4.80 in like 1938 period. Ohio Finance Co. 6 months ended June 30 net profit $298,589 equal to $1.50 a common share vs. $280,572 or $1.46 year ago. Safeway Stores, Inc. 4 weeks ended July 8 sales $29,889,743 vs. $29,003,519 year ago, up 3 per cent;

STOLTE

(QB YL

Answer: No

reavement,

Jus, for a ] cnoice, CHAS W Plumbing anc

888 Mass

Res. CH-7920

Copr. 1938, Indprs,

Open Saturday Until 9

Question: Who arranges for the services of the clergy?

Shirly Brothers

| | } |

human experience demands

spiritual consolation more than does be-

Where the family has

definite religious affiliation, the choice of clergy is not a problem. When there is no local affiliation, we arrange, on re-

clergyman of the family’s

“TRULY A REMEMBERED SERVICE”

Ce, Ine.

2 Sharply

s register of shipping showed today.

[Britain and Ireland hdd nearly | 1200,000 more gross tons in merchant | gage

'E W (NBC Net.) (NBC Net.) (NBC-MBS) Dave Bacal S. Smith’s Or. S. Smith’s Or. Invitation Tea Topics Ma Perkins Malcolm Claire Vaughn deLeath x » Home Edition Swingtime Vincente Gomez Judith Arlen Loweli Thomas WPA Program Jordan Cons.

oS NSD

Varieties Sports Divorce Orphans Raker #» Denton ” jg Front Page

Lone Ranger Martin’s Or. Maupin’s Or. Science on March id »

News Svorts Magic Key

— 452

Buck Rogers Air Newspaper

Al Pearce

News Blue Velvet Or.

FB! Creag Newman's Or.

This Is Hollywood

Lombardi’s Or.

| Seren an l feds

Ke ye | aay NEN S wr

Margaret Speaks Margaret Speaks

Blame of U. S.

NEW YORK, July 17 (U. P.).— American cotton exports this season | may be the smallest in more than| x:i3

50 years mainly because of the ad-| on Amre & Ards | 9:15 N. E. C. Prog. verse influence of the Govern 9:30 Minscreis ment’s price pegging practices, ap. | OD —e s iY News cording to the New York Cotton 19.15 Noon Prelude | : Weems’ or.

pr. I. Q. Pot of Gold

Am, Parade Roth Presents

BIW oat af AAT

:00 This Is Radio Contented Hour True er False True or False

Blondie - Sensations Bainum ,. Band Sensations

Pleasure Time This Is Fair Buckeye Lake or.

Pleasure Time News Tribe vs. Saints Claridge’s Or. » ys Herth Trio Spanier’s Or.

Recordings

” ”» News ” " Carter’s Or. Herth’s Trio Recordings Shelly’s Or. ” ”»

Marsico’s Or. News ’ 5 TUESDAY PROGRAMS

INDIANAPOLIS INDIANAPOLIS WIRY 1100 WIBC 1050 (NBC Net.)

Peter Grant Strong’s Or. Salute

| 10:30

| 10:45 “Tt is now clear that total €X- 11:00 ~ Cabot's Or. : 1. " % ports in the full season will be only | 11.30 about 3,400,000 bales, exclusive or |11:45 linters, or the smallest in over half a century,” the service stated. This “tragic collapse of Toreion markets for American cotton” and " > : | :30 Dev > i the resultant boecming of foreign| gis Parr IN" Te outlets for foreign staple “has been | . » Tunes & Tips Breakfast Jam clearly due in the main to two fac- i] > nh Dy tors,” the service said. | ]

” News ”» ” “First—American cotton has been Man I Married priced roughly one cent a pound | Uiaer above competitive relationships with | gain 31 Ven foreign growths that can be Sid : Davia Harum substituted for American cotton. | Lorenzo Jones This, in turn, being due to the fact | ery on that American cotton prices have . LE been largely pegged by the U. S. Jixle Jimmie Covernment loans. Editor's Daughter “Secondly—for several months Linas’ ov foreign users of American cotton have not dared to make normal forward purchases of the American staple because they have not known | to ‘what extent the price of Amer-! ican cotton abroad will be lowered by the prospective subsidy payments | on exports by the U. S.”

Masters’ Or.

Jurgens’ Or. Moon River

INDIANAPOLIS WFBM 1230 (CBS Net.)

CINCINNATI] WLW 700 (NBC-MBS)

Kentucky Girls Pioneers

Time to Shine

WS Gospel Singer Caravan

Coffee Cnos Man 1 Married Hits of Day raul Aluason Fashion routlights Originalities Devotional Hannah Linda’s Love Via & Sade Meet Missus Road of Lite Co Es Sr mm—— Editor’s Daughter The O'Neills State Police News Castletime Farm Hour Noon Rhvihms “ id ”» ”» ” ”» Golden Store News Betty & Bob Grimms’ Daughter Valiant Lady Church Hymns

WOE | m= 2222 TOD wwwx

Kitty Kelly Mvrt & Marge Hilltop House 14! Stepmother Reflections On With Musie Charm House Dr. Swing

Friendly, House

Mary Taylor Srattergood Big Sister 3 Life Stories

Girl Interne Nancy James Farrell's Kitchen

:00 Safety Prog.

:15 Echoes Rn Farm Circle 12 or »

Singin' Sam Dr. Malone Farm Four School for Brides

Markets Boy Greets Girl

Betty & Bob Home Folks News Grimm's Daughter Ramblers Bohemians Valiant Lady Bill Jones

When Girl Marries Church Hymns Sleepy ‘Hollow

Farm Bureau

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Matinee Mary Marlin Shut-in friends Ma Perkins Believe in Indiana Pepper Young " " Guiding Light

Club Matinee » ”»

Beautiful Lite Midstream

Kitty Keene Day Is Ours Morin Sisters Woman Speaks

:00 a Concert Song 5 Y > Headlines 70 Story of Song Pepper Young 45 I id Guiding Light :00 Baron Eliott Backstage Wife :15 Minstrels Stella Dallas :30 » » Vic & Sade ‘45 Rhythm Midstream 00 Album

Kitty Keene 15 Dr Susan Rhyvthmaires Il'is Kine :30 Carlyle Stevens

| BRITISH, IRISH RAISE SHIP BUILDING TOTAL 5 bis boi Ph, Pe Old, Refrains

| 4:15 Tea Topics + 3 > Home Edition o 4:45 Judith Arlen Varieties » bf

KEY NETWORK STATIONS (Subject to change) : MUTUAL—WOR, 710; WHK. 1390: WHKC, 640; CKLW, 1030; WSM. 850. NBC-BLUE—WJZ, 760; WOWO, 1160; WLS-WENR, 870: KWK, 1350. NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—WABC, 850; WIR, 750; WHAS, 820; KMOX, 1080; WBBM, 770.

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Pianorama Want a Job? Concert Hour ’ ”»

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Unannonaced Brigode’s Or.

S. Smith's Or.

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NEW YORK, July 17 (U. P).— increased shipbuilding activity in Great Britain and Ireland caused an increase of 155.600 gross tons in merchant shipbuilding throughout the world during the second quarter this year, Lloyd's

Lowell Thomas

PLAN EXPOSITION | =, CHICAGO, July 17.—The Mort-| ux Bankers Association of | A n Vv D ress COAT vessels under construction than in|America will again sponsor, for the | DRY CLEANED the first quarter of 1939. | third consecutive year, the “EX-| A AD C The United States showed a de- | position of Building, Industry and OCCIDENTAL cline of 29,000 gross tons in the Services” to run concurrently with || CLEANERS LI. 2628 three months’ period, but continued | the association's 26th annual con-| 307-308 OCCIDENTAL BLDG. additional charge for white,

to Great Britain and Ireland. IM. Waters, president, announced| fUr-trimmed, velvet or pleated garment

The survey revealed that Great

to maintain a position second only| vention in Datroit, Oct. 3 to 8, S.| Slight

A, SIGN

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