Indianapolis Times, Indianapolis, Marion County, 20 July 1939 — Page 15

- CORN SETS 6-YEAR

~~ LOWS AT

CHICAGO;

WHEAT ALSO DIPS

Good Crop Prospects Aid Decline in Heavy Trade.

CHICAGO, July 20 (U. P.).—Corn futures tumbled to, the lowest levels since 1933 and wheat slid to new lows for the year in heavy selling on the Chicago Board of Trade today. All grains were weak. Outside markets refiected the sharp decline, with Liverpool and Winnipeg wheat prices at new seasonal lows and July wheat at Liverpool at a new all-time low. At the close wheat was off 2 10 2% cents, July 637% cents, corn was off 2% cents, July 297% cents, and oats were % cent to 13% cents lower, July 27% cents bid. Corn led-the drop in the local market with declines of more than 2 cents. General liquidation led to heavy stop-loss selling on the way down. Weakness at Buenos Aires and the favorable new crop outlook discouraged traders and waves of liquidation hit the market. Wheat lost as much as 2 cents on a flood of selling in sympathy with corn an dthe extremely bearish tone in foreign markets. Crop news was generally favorable, and export business continued dis- . apopinting. Minneapolis and Kansas City wheat prices fell about 2 cents. The general rush to sell wheat futures was attributed partly to loss of confidence by traders in the ability of the Government to support the market. Oats, rye and soy beans sold off in sympathy with wheat and corn. The last day for trading in July grain contracts is Saturday, after which open confracts must be settled by delivery of the actual grain.

LIVERPOOL aE High

Prev. s Goss

December ... .56% .54% an

WAGON WHEAT

Indianapolis grain elevators are paying for No. 1 red, 59c; other grades on their etl, > Cash corn, new No. 2 yellow, 45c. ats, 29¢

Today's Business:

At a Glance

. By UNITED PRESS CORPORATION NEWS

Carrier Corp. six months ended June 30 net profit $137,742 vs. net loss $332,697 a year ago. Manhattan Shirt Co. six months ended June 3 net. profit $161,148 equal to 74 cents a‘ common share vs. $113,508 or 51 cents a year ago. Glenn L. Martin Co. June quarter net profit $285,127 equal to 26 cents a share vs. $744,037 or 79 cents year ago; six months net profit $967,624 equal to 88 pg share vs. $1,372,600 or. $1.46 a year ago; June 30 unfilled orders $37,835,458 vs. $16,175,908 a year ago.

McGraw-Hill Publishing Co. and |g subsidiaries June quarter net profit|E!

$119,436 equal to 20 cents a share vs. $92,973 or 15 cents year ago.

RAILROAD REPORTS

Chesapeake & Ohio Ry. Co. six| months ended June 30 net income $5,399,410 equal to 67 cents a com-

mon share vs. $5,523,568 or 68 cents|]

~ year ago; June het income $2,557,326 vs. $1,297,600 year ago; week ended

July 15 carloadings 23,443 vs. 19,786}

previous week and 19,519 year ago. Erie R. R. Co. June net operating income $817,275 vs. net operating deficit $8,578 year ago; six months net operating income $4,199,692 vs. net operating deficit $279,205 year ago. New York, Chicago & St. Paul R. R. Co. week ended July 15 carloadings 5550 vs. 4771 previous week and 4910 year ago.

NAMED SALES MANAGER

Times Special NEW YORK, July 20—Don G. Mitchell, former marketing division head of the American Can Co., has been named sales manager of the Pepsi-Cola Co., Walter S. Mack Jr., president, announced today. Mitchell is to be in complete charge

of sales and sales promotion work I

for the company.

U. S. STATEMENT

WASHINGTON, July 20 (U. P.).—Government expenses and receipts for the — current fiscal year, through July 18, compared with a year ago: This Year Last Year Expenses ..$ 528,873,226. 83 $ 507.8 Receipts .. 169,704,868.8 177.0 So Pet. t_ Def.

55,138.45 12,981,633,41 . Customs . ,031,154.34 12, Ba 43 INDIANAPOLIS CLEARING. HOUSE

Clearings sevheisrannasfinave sec $3, 121,000 Debits woecasicssrisenn Sessreeis <. 9,116, 000

LOCAL PRODUCE

Heavy breed, hens, 12¢; Leghorn hens, a Barred and W Rock’ springers, 2% 1 and over, l4c: pat springers, 2% Ibe. and up. 13c; Leghorn broilers, 2- Ibs. over, 13c; spring chickens, 2 lbs. and ony 13¢; ‘old roosters, 6c. No. 1 strictly fresh country run eggs, 11c; each full ¢ must wei 55 gross; a net deductio n of 1 each jit case under 55 he. will be, made.

Butter—No. 1. No 24%2¢. Butterfat—No. 306: No. 2, 18c. OUTFITTERR TO .. . WOMEN and CHILDREN

Livingston

- THE MODERN CREDIT STORE

129 W. Wash, jnaians Theater

Opposite Us

Passenger Cars

cents for)

DRIVE IT YOURSELF, INC. Phone: Ri ley 7788

AUTO AND DIAMOND

LOANS

Nation's Bank Clearings Off 9.4 Per Cent

NEW YORK, July 20 (U. P)— Bank clearings for the country as a whole in the week ended July 19 dropped sharply below the level of the preceding week and of the cor-

responding 1938 week, Dun & Bradstreet, Inc., reported today. The authority attributed the de-

downtrend at New York City. Check transactions here registered their seventh successive year to year decrease. -Clearings at’ 22 leading cities were reported at $4,862,443,000, or 9.4 per cent below the 1938 comparative of $5,365,661,000. The latest week's volume was $270,527,000 smaller than in the previous week, contrasted with an increase of $375,693,000 between the two similar weeks last year. ~ Turnover at New York City dwindled to $2,702,735,000 from $3,321,133,000 in the 1938 week, a decline of 18.6 per cent, while clearings at the 21 outside cities rose 5.6 per cent from $2,044,528,000 in the 1938 week to $2,159,708,000. With the exception of New York, only three cities showed decreases from last year. Clearings at Boston dipped 0.3 per cent to $224,251,000; at Minneapolis, 26 per cent to $67,232,000, and at San Francisco, 14 per cent to $148,451,000. Cleveland recorded the widest Si increase’ over the 1938 week, tlearings there rising 21.9 per cent to $109,255,000.

Chi tongn Stocks

Aetna Ball B ........ Hen 4/Am Pub Serv pf .... . 83% Aviation & Tr .,....ee.. 4% Bendix Aviation ...... Berghoff Brew

Cent & SW Ut pt. ae Chgo Towel ..... sevese Tl Cities Service ... 5% Comwlth Sdison

Elec Househld .... Elgin Nat Wat .... Gt Laokes Dredge .... Heileman Brew t RR

3s cess . 21 4 2h : 8%

Marshall Field ...evo.s 14% Mid West Corp . Midl Ut. 6 pf A . Montg Ward ..ccccuee. 5415 Picture Paper ....... oe Raytheon Mfg .... Raytheon pf Serrick Corp B.

Curb Stocks

Hi gh SE Ex . 27d Ja. 3 5 Fy REL r s.15a| Buff xo tf... 22 ly Co ..

Carrier Corp .. Col O&G . Co

sseceve

Lggt Change Ss n grt 28 33i0 7118 33%, 13%; 3% 14

19 85%

6742 457

[nsur N Amer . Lehigh C&N ...

“ay He . 3° un =

83 1%

LOCAL ISSUES

uotations by the IndianShare Corp. do not repre-

The following apolis Bond sent actual price offerings but merel indicate the approximate market leve based on buying and selling quotations of recent one

Stocks

Auto Invest <2 Belt RR & Yds com.

Belt RR g Stock, Yds pid .... 5 Cent Ind Pow 7% bfd . 9% Home T & T Wayne 1%. . Hooks Drug n Ind Hydro Flea 1% Ind & Mich 7%

s Co L 6% pf Indpls P & 1 6%, pfd 107%, *Lincoln Nat Life on oe com 28%, N Ind Pub Serv Sian } N Ind Pub Serv 6% ob N Ind Pub Serv 7% vfd ...103 Progress Laundry soe 11Y4

Mr. *So Ind

mer 46 Citizens Ind Tel 415s 61 Crabbe ~ Reynolds. Taylor 55 a Home T. t W 5% 55... Home ToT o WwW nd Asso Tel 5% 60 [ndpls Railways Inc 5% 67.... ndpls Water 32% 66 . nter Tel & Tel 5% Kokomo Water 5 Kuhner Packing Co 4%2% 60 : Morris 5&10 Stores 5% 56 ...102 Natl Silk Hosiery Mills 5s 42.. 96 Noblesville HL&P 6%% 47 ...1 Ohio Tel Co . 100 Pub Tel 41.9% 55 Richmond Water Kks 5% 4 ymour., Water Wks 5% % 49 . [ Haute Water Wks 6% T Haute! Water wks 6% 49 . Cre ct Term Cor xX-Dividen t & Co.)

(By M. P. Cri Market st. Investment OT 22.16

FOOD PRICES

CHICAGO, July 20 (U. ani) —Apples—_11linois ed bu. 90c@$1. Sweet Potatoes—Tennessee, bu. hampers $1. net 15. Carrots—California, crates [email protected]. Spinach Michi 8g, hm $1.25. Tomato: Thinote. 20-1b. 3050. Cauliflower— Washington, oie $1.25@1. Celery Michigan, Square ersist dae

ve Onion

JUNE CORN GRIND

Times Special

grind of 5,412,732 bushels in June for products going into domestic 5 was reported today by the Co dustries Research Foundatio The total, reported for 11 rofitiers of starches, sugars, syrups and other corn products compares wi a grind of 5,723,426 for May and 5, 193.289 for June, 1938.

See Final Edition of the Times 2 for Closing Stock Quotations

and Other Late News

cline principally- to the continued| gq

| 1100

Good— 750- 900.

106 | |com 3

a £ (50-15. a hs aldorn} ia yell di ‘marke -. Sacks alifornia ye OWS, 95c@$1.10. y

"BELOW MAY TOTAL i Es

FT. NEW YORK, July 20—A corn|Hoz

(STOCK TRADING ‘AT SUBNORMAL

Prices Back and Fill With "No Definite Trend Appearing.

Trading in stocks. shrank to subnormal levels today, while prices backed and filled without developing a definite trend. The list opened mixed with trading the quietest of the week and swung in a narrow range thereafter.

moderately and then ran into a cushion of support from which ‘many issues. rebounded to the best levels for the session. Sales Slow Down Sales for the first threg hours approximated 430,000 shares compared with 630,000 in the same period yesterday and 1,410,000 Tues-

ay. "Brokers said that inability of the list to extend the sharp rise recordweek reflected profit-taking and

of the market rise and by the international situation.

business news today. Aviation shares were outstanding

Eastern Airlines reached new 1939 highs. Glenn Martin jumped more than a point. Loft Most Active Loft was the most active issue, reaching a new high up more than a point. Safeway Stores jumped more than a point on a favorable first half earnings report. Burlington Mills reached a further new high on a fair activity and Colgate Paliolive also set a new peak on a fractional gain. : Bond prices held within a narrow range in quiet trading. Fluctuations generally were narrow. U, S. Government obligations ranged from 4-32 lower to 3- 32 point higher.

HOGS DECLINE 137030 GENTS

With Outside Market Levels Today.

After/a delayed start, hog prices at Indianapolis today were estab-

Y lished 15 to-30 cents lower than yes-

terday, according to the AgriculE{ ural Marketing Service.

¢ | 1ocal market in line with other trading centers, depressed the top price on 200 to “210-pounders to $7. Vealers were unchanged at $10 and spring lambs sold steady to strong with a top price of $9.50.

6804 pe Packing Sows ood and Choice—270- 300.$ ga 5.60 300- 330. 0- 5.35 30- 360. .25

.$ 7.30 7.30 7.10

14 .. €50% 18 ....$ 7.10 13 ... 3800| 19 .... 7.15 17... 6581 2 .... 1.00 Barrow and Gilts. nd

Good a Choice— 120- 140 $ 6.25140- 160. 6.10-

4.25- 3 15 4.10- 4.50 3.05- 35

ium Slaughter Pigs edium and Goo de 250- 500. 3.75- 5.2 90- 120. 5.50- 8:00

Siaughier/ Ca Cattle & Vealers (Recsipts, 186) Choice— | (x ( y oatiings excluded) oy 500. $ 9.50-10.25| Beef — 1100. 3S Good oo 7:00-1:50 1100 1300. 9.25

Sau 1300-1500. 9.25-10.00 Go 7.00- 7.35 7.00

3 300d: 3

o Pr menI Inne DoDD WL QOOUIMQOo UY 25a

3 od

common. 5.75- 6.50 Vealers All Weights— Goo! .$ 9. 00-10. 00

to choice.. Common & 8.00- 9.00 6.50- 8,00

Good oe 900. 8.75- 9.50 1100. 8. 13%: 1300Medium—" 750-1100. 1100-1300.

Common— 750-1100.

8.75- 3. 25!G,

7.75- 8.75] 8.00- £75) Jedium.

6.50- 7.75] (Receipts, 540) Feeder, Stocker

‘ Cattle Steers

9.00- 9.50 8.75- 9.25

8.00- 9.00 8.00- 8.75

00 7.50- 8.25 500- 900.. 7.00- 7.75

Cyvs Medium good Sy 5.25- 6.25 Calves oSteers) 00d & ce— 500 ‘down % 9.25-10.50 00 down. $ 8.25- 925 Calves (heifers) 00 down. $ 8.50- 9.75

UMN = © 4.35 5.00 500 hom 7.50- 8.50 SHEEP AND LAMBS (Re Spring So Seipes, 1356) Slr a Common Bd good

Heifers Choice— 500- 800..$ 800-1050. . Good: 00- 800.. 00 :

Choice— 750- 900 $ 9.25- 9.75

8.75- 9.25

Mediu 500- 500.

7.50- 8.75

500- 900. 6.00- 7.50] Cows

..$ 6.50- 7.50/C Dd 5.75 A Cutter and C 8.50ly Sommon 3 50- 2 75 Canner..

$ 8.75- 9.50 1.25- 8.20

Good and Ewes tw] Common and med

CHICAGO LIVESTOCK

Hogs—Receipts, 10,000; ; most 2 5 to 10 cents lower than Wednes: Bui rock oo “un od and choice, $6.80 an: t $7.05; most 240-270 0 Practically no weighty W Lemp SOWS, $5.10 5.35. ; most 330-400 [email protected] ate Rls ay getive, strong; best naAut Te

down,

hers ar 5 r oss strai ht;

easne resained on all s; plain - a um grassers stilt 25 nts or nore er late last week; yearling stockers and feeders i Salt but stock galyes

, $8. h gions Scarce: D 2 on : Ss steal 0 easy; bu no Ai TER Si mostly $10.25 d Sleady 2% $10.50;

a Fy tor 35 % 2d Ju 202000420 Tear S ig) -, Ete in“ 3% 0 The oo 75; 160- 180 1bs., $8. 8: 260-280 $6 10; 280-300 Ibs: 85: 300-325 "$5.60: 325-350 1bs.. 160 Ibs., $6.25; 100-149 ibs., $6.15. 33 4 Tee $3.25; calves, $9.50;

July 20 (U. PJ). — Market WN to 0s Seite’ lower; 160-200 Ibs., [email protected]: 200- 6.55 @86.90: 2403% 1bs., 36.068 45: Pio- 395 1bs.. $5.50@ 0; pi down: roug! 15 “down. Caves $9@ 29, 3 50. DHE lambs; yD gJiown. Receipts palanle, 2100: total, 2600. Market jot. sab blished. early bids, 25 cents and

Ca tion Re. Receipts, Salable, 300; total, 400. Calves—Receipts, salable, al, ‘250. Market, slow, ey stes o heifers, = cows dull,, weak, Juus Few steers 3 $9, bulk c : top Dteres 0. 50: a edium

5 : rim b! i $626.15: 25: a A 7 ‘$7; Yoalers Jom 1810.50 5 50; cotamon and medium, $7.5 salable, 1500: total. 1800. Market fairly active on light supply, $3 JU SHELL, Seles, om n culls, buck lambs sually oun: 22

“Roughs, lambs,

cents or more un similar ewes Bg. Wethers, slaughter ewes unchanged, m

LEVELS TODAY,

NEW YORK, July 20 (U. B)—|

Just before 1 p. m. the list slipped|

ed in the first two sessions of the|4m A

caution induced by the rapidity|Am Metal There was little in the way of a

strong spots. American Airlines and {4

Drop Is Seen as Evening Off |

WEEKLY INDEX OF BUSINESS TREND

PREPARED BY ADMINISTRATIVE AND RESEARCH CORPORATION . NEW YORK 1926 = 100

Tl vs

adedad 111 111 Ll

Ler

11 least da o

JAN. FEB. MAR. APR. MAY JUNE

JULY AUG. SEP. OCT. NOV. DEC.

“

—A— High Low

Acme Steel . 38 A Red 51%

30% 4% 13 Bi ania

83% 84% 10 5s 26% 2Ys 421 3%

9 - 8% 4%

m Zinc Anaconda .... Apw Paper ... Armstrong Ck.. Ate hison Atl C.Sine “ees

Atlas orp 8% i orp. + 4% —B

Bald Loco ct... 12% Bangor & Ar ... 237% Bae & Ar pf 66 Barnsdall 14 Bendix Avn ... Best & Co Beth S Black Decker... Boeing Air .... 24% Borden . 2 26%

Borg Warner .. Briggs Mf Bruns Balke ... Bucyrus Erie .. 3udd Mfg Burlington M . Butler Bros ..

7 4

Callahan Zine ..

3 gons Edis pf 108% Cons Film pf ..

y Inter .. Crown Zeller * Crucible St .... 33% Curtiss Wr .... Cutler Ham ... 18% > —l

Deere & CO «... 30 20% Douglas Air .... 72% 72% Du Pont Fens 157%2

—— E Air Lines ... 18% ak

183 ...169 3 a veel

The decline, which brought the EL P &

Eng P S 6 : e Equit Bldg . P

Fed d Sorew evens Folianahee a

Gen Electric . +374

HEE ee

9! 41% Gen Motors Bf i 125

Gen Gillette SR...

sii +]

% o 26Ya Gt West Sug . 25% Greyhound © '. 19% 19% ——— Hecker Prod *eneldl Homestake .. 64% Houd-Her B . - 12 314 Hudson Motor. . .13

. 27% Inspiration Cop 3% Int Haryests er . 57% Int Har oo .164 Int M Mar vo 2% Int Nickel cous i Int P&P Int P&P ples. 38%

12Ys 64 13% 6

Ill Central ... 13 Ind Rayon 27% 2% 57% 2% 49Y, 91% 35%,

eee 92 79% f= Kennecott ..... 36 Kroger G&B .. 28% 3%

Johns-Man

Lehm

ih 29 ] —M— ack Tr eevee 32 CE 2% td 1 an mi arine. Mid ® i L18%

m Long Bell A

arshall Ha” artin Gl

Egret,

+ —_—

TRADE NEWS

Jack Johns, superintendent of agencies of the Reliance' Life Insurance Co. of Pittsburgh, Pa., is to be principal speaker at a luncheon meeting of Indiana representatives of the firm Friday at the Hotel Riley. The State agents are to be guests of R. C. O'Connor, manager

M Ma M M N. V

5/of the Cincinnati, O., area.

2 » » Times Special TOLEDO, O,, July 90. — Domestic factory, sales of Willys-Overland Motors, Inc., in the month of June were 144.5 per cent above June 1938, M. J. ‘Golden, sales manager of the company, announced today. - Mr. Golden said the showing in June enabled the company to finish the first half of the calendar year 1939 with domestic sales 68.5 per cent

50: | above the corresponding period of 40: | 1ast year.

2 ” 8. A continuation of discussion’ of methods of solving operating prob-|En lems of retail furniture dealers will

National Retail Furniture Association, discussed the subject yesterday at a esting of the local group.

= ” M. L. Hall, president of HallHottel Co., Inc. ‘announced the business building at 733 to 743 E.|S

Griffin of Lafayette. The new owner was not named.

PLAN PEPSI-COLA MEETING NEW YORK, Stockholders of Pepsi-Cola Co., hold a special meeting Aug elect a new board of pri Bsn it was announced today. The meeting ‘was called pursuant to an order by the

d | Delaware courts.

Colonial Thrift Savings Accounts are Insured by Government Agcy. up to $5,000.

Colonial **A=ccition™"

‘Association

MEMBER FED ] : insgRANCE cgoRiTEN ||| ain- |} 28 South ;

Net Last Change -'1 week ago -..

% | Safeway 6 pf .

i | Yale&T .

be held Wednesday at the Columbia | Club by the Furniture Association|

63d St. had been sold by Mrs. India

July 20 (U. By le 1 to

N. Y. STOCKS

By United Press

DOW-JONES STOCK AVERAGES 830 INDUSTRIALS Yesterday ccccccccociecass.. 142.64 «os 138.03 Month 280 .cc.cccccoccseses 136.88 Year ago ....ccocceeseen eee. 141.92 High 1939 154. 85; low 121.44. High 1938 158.41; low 98.95. ° 20 RAILROADS

-—1.12 +1.05 —0.73 +0.08

4 Yesterday ...c.ccoccceceene..

Week ago ... Month ag0 cccccecsccccacsas Year ago riven High 1930 34.33; low 24.14. High 1938 33.98; low 19.00. 15 UTILITIES Yesterday occccoeocccccccocase Week “ago ... Month ago . Year ago High 1939 26.52; low 20.71. High 1938 25.19; low 15.14.

High idland Stl ...

+ +

% 15 4 a is

1284 iti

onsanto

ont Ward ... J 5414 otor Whl .... 16 5%

UITAY eccesnee Ne

Nash-Kelv ¢e.e0

Ya Ye

Na ept St ... Nat Distillers . Nat Gypsum. Nat Lead ..... Nat Pwr&Lt ... Nat Su

Newpor N Y.C NYC&St

1) i

+ =}

No Amer pf. No Am Avn ...

Otis Steel .

Pac G & El.... Pacific Sie “ee Packard

Peoples Gas ... 37% ere Mqt pr pf. 28% helps Dodg Pitts Coke&Ifon Ei Va 8%

Poor B Pros Stl Car... 8%. Public Serv ... 38% El & G pt. 115% Pie ofl ..... 7%

. 6% Radio pf N . Ry Sec 1 C.. a

Rem Rnd pf Retunis, 3 a 312 epul Reyn Met P 8Y2

Safeway ..

Sears Rone Sharon S Simmons... Socony. Vacuum So Am Gold ..

oo tl 4 BES Frese op wy

[E1++]

Stew War ..... Superior Stl .. enn COD .... 5% 5% [exas Cor Sid 31% 31% Thompson Pr.. 1 ' 26% Frans West Air. 9% 9% [ruax Tra 3 Ye 20% 20% —l—

a. 20th Cent Fox. Und Ell Fish. 49%, 4 83 83

" 7 n "

ak =

| »

46% 109% U 8 Stee 51 Us Steel pf ..109 109 U 8 Tob ...... 36% 36%

ri Victor Chem . 251 2512 Va EI&P 6 pf. a 116%2 We 5 16% 23 107% 1% 1% orth ..... 48% 48% —Y— viivees 2% 24Y, ellow Tr . = 18% 16%

Young Sheet. 40% Young Stl Dr .. 22 22

BANK TAKES CONTROL OF CITIES SERVICE

Varner Bros ... Oil&s .... 16% Jest Air Bke.. 23%

stin 10734 iilys ne ind s

d€ds34

Harris Trust and Savings Bank today had assumed.control of Cities Service Power and Light Co., public utility subsidiary of the billion dollar Cities Service firm. Bank officials said the action was taken to avoid registration of the parent firm as a holding company Sider the 1935 Holding Company W. registered and application for exemption has been pending before

sion for a year.

NEW YORK, July 20 (U. P.).—Following are noon cable THIes OO major currencies: al England (pound) .. $4.68 (60-d bill rate) 441 Casads dollar) oo France (franc) .... [taly (lira) p

—.00%s 0 -32 +.00 1-32.

of Indianapolis. Roscoe R. Rau of|Ge Chicago, executive director of the]

Holland (guild Sweden (krona) .... Norway (krone) ... Denmark (krone) ..

RULES AGAINST CARRIER

The Interstate Commerce Commission today had ruled that the Chi-

that it was an interurban line.

carrying freight.

=IL0

Net Last Change

| + CE

® CHICAGO, July 20 (U. P.).—The

The subsidiary has been Hon,

the Securities & Exchange Commis-|Gromme

FOREIGN EXCHANGE [5 e Rates Net ihange

—.0000- 1-16

WASHINGTON, July 20 (U. P.).—

cago, South Shore & South Bend Railroad is subject to the Railroad Retirement Act of 1937. The carrier claimed exemption on the ground 0 ICC found that the road received will| more than half its profits from

SHARP DECLINE |

FOR U. S. MEAT BILL PREDICTED

6-Year Record Shipment of Hogs Ready for Fall Marketing.

WASHINGTON, July 20 (U. PJ. —The butchers’ bill may be smaller

this fall and winter. Lower meat prices were forecast by a Department of Agriculture report showing prospective substantial increases in meat supplies this fall, particularly in pork. - A six-year record shipment of hogs will move to market within the next few months, the report said: Supplies of pork and other hog products” will be 15 to 20 per cent larger than last year, it was estimated. Prices of slaughter hogs, cattle and lambs have dipped sharply since mid-April. Supplies of hogs on farms are the largest since<1933. Cattle supplies are only slightly |larger than last year, while iamb supplies are about the same. A surplus of hog products is threatened by the abnormally large number being fattened for market. The Department estimated the spring pig crop—which will go [to market this fall—at 52,300,000 head, about 8,900,000 head larger than the 1938 spring crop. Increases over a year earlier were reported in all regions and in nearly all states. Estimates of the full pig crop, based on the number of sows saved for brood purposes, indicate that the number will be 16 per cent larger than last year. The number of hogs on farms may reach an all-time record by winter.

In Indiana, 19 per cent more sows were saved for farrow, the Agricultural Marketing Service announced,

#2 | while the pig crop has increased 14

per cent: over last year.

CONSTRUCTION

AWARDS DROP

= i Total Is Below Previous and

1938 Week Figures, Report Reveals. NEW YORK, July 20 (§. P.).—

Engineering construction awards in the week ended July 20 totaled $43,-

%| 783,000 compared with $58,003,000 in

the preceding week and $45,035,000 in the corresponding 1938 period,

/a| Engineering News-Record reported

today. Private awards were $14,668,000 against $17,127,000 in the previous week and $9,343,000 a year ago. Federal awards amounted to $1,875,000 contrasted with $811,000 in the previous period, and $9,594,000 a year earlier, while state and municipal awards totaled $27,240,000 against $33,065,000 and $26,098,000, respectively.

Corn and Wheat Region Official Weather

July 20, 1939— Precipl- State of Stations High 1d low tation weathe Notre Dame ....

gola Wisattield Rochester ..

(kins, University

ead BRS | BnmD E853] 5853] 8S

TONIGHT 6:00—Rudy Vallee, WIRE. 7:00—Toronto ‘Symphony, WIRE. 8:00—Columbia Workshop, WFBM. 9:00—Music by Malneck, WFBM.

Tonight's going to be a polity good night to listen to the radio. Thos: NBC-Princeton Lost Plays brings one that was written in 1829 for a $500 prize. It played continuously until 1875 and netted its starproducer millions, ' its author the original $500. “The play is called “Metamora,” is about Indians, and was never printed because of the fear of playpiracy in those days. The copy unearthed by the Princeton boys is incomplete. It was taken in shorthand by one of those pirates, who was “kicked out” of the theater before he had finished his nefarious work. The broadcast ‘is at 7 o’clock, NBC-WMAQ. ” ” 8 The question: “Is a Third Term for President Roosevelt Justified?” will be discussed by a quartet of Hoosier editors at 7:45, WIRE. This is the first in a series of editors’ forums sponsored by the station. . . The Women in the Making of America program at noon tomorrow, NBC-Blue, will point out that women, by their entrance into industry as workers, are largely responsible for labor protective legislation in America. . . . “The. Background Wife,” originally scheduled for last week, will air at 8, NBCWENR, on Betty Winkler’s 1001 Wives program. . . . Leonard Watof Michigan will speak on 2

finance professor, : ” »

nouncements caused by stat INDIANAPOLIS INDIANAPOLIS WFBM 1230 WIRE 1400 (CBS Net.) (NBC Net)

Tie HE 3, nes Home Edition Judith Arlen Varieties Chnistian Science Spelling Bee Bohem

il Betety Falk ale! mistory Svea s He Tak per

Rudy Valleo

. » ”»

a85

as Weekly

String Serenade ”»

ON THE RADIO

“Democracy and Fascism” during the Democracy in Crisis program, 4 p. m. tomorrow, NBC-WMAQ. . . . NBC-WENR brings C. F. Kettering, General Motors Research Corp. president: at 3:30 p. m. tomorrow. He will talk about “Industry’s New Horizons.” Norman Corwin of Columbia Workshop fame is using the device of telling a story as the main character. His third scheduled broad cat, at 8, CBS-WFBM, .will be of “John Brown’s Body,” Stephen Vin= cent Benet’s classic. The 375-page poem was boiled to 45 pages to fit

‘the hour program. . . . Byron Nel-

son, Johnny Bulla, Tommy Armour and other golfers will feature a preview broadcast of the Western Open Golf Championship at 6:15, WBBM, They'll play in the tournament starting tomorrow. . . . The Ine side of Sports tells about baseballer Eric McNair tonight at 5:45, Mue tual-WLW. He’s the young infielder who was just getting a start when his wife died in childbirth. 8 8 Bing Crosby will gueststar his own program tonight when he ap- . pears at the Music Hall with Jane Bryan, another visitor. Bob Burns. will be -there and Franchot- Tone will be a special guest. Pat Friday is going to sing ‘I've Got’ You Under My Skin.” . . . J. P. Mare quand, author of the “Mr. Moto” novels and Pulitzer Prize winner, will be interviewed by Rudy Vallee - tonight. Laurence Olivier will play a one-acter. . . . Viggo Richard Kihl, Danish pianist, is to be soloist under Dr. Hans Kindler in the Totonto Promenade Symphony sume mer concert series at 7, NBC-WIRE, = ” 2

“THIS EVENING

(The Indianapolis Times is not responsible for inaccuracies in program anoe changes after press time.)

CHICAGO WLS-WENR 870 (NBC Net.)

Melodies Malcolm Claire Serenade Sports Fasy Aces Lost Persons Joys Or,

CINCINNATI WLW 700 (NBC-MBS) Invitation Patricia ® Gilmore Sweet & L Lowell Thomas Baker & Denton James’ Or. Schnickelfritzers Inside Sports Rudy Vallee » ”»

News 8 ”

rts Bo Your Schools ” ” ”»

PEE EEE

Major

Bowes ”» ”» ”»

Symphony ° ”» Editor’s Forum Music Hall 3 ”» 2 ”» ”» ”»

Workshop

Symphony or.

Lost Plays pl ”»

Betty Winker Concert Or.

Musio Hall - ” ”

”» ”»

Amos & Andy Malneck’s Or. Joe E. Brown

Pleasure Time

News » Moon Prelude Owens? Or. News » - Osborne’s Or. Recordings ” ”» ”»

J co

Molina’s Cr. DeLeon’s Or. » Unannounced

News

ri E53

ot bk fo pg > ou

INDIANAPOLIS WFBM 1230 (CBS Net.) Early Birds » ”»

(NBC Net)

Devotions Markets

Tunes & Tios

Ruty Kelley Mas & Marge Hilltop ee Stepmother

Roundup Seattergood Big Sister Life Stories

Girl Interne Nancy James Farrell’s Kitchen ” » \

Echoes , Farm Circle

”» News

Other Plain Bill

Pavid Harum Lorenzo Jones Widder Brown Road of Life

Uncle Jimmy Dessa

8236853 6858 88

8 &

Linda’s Love

Singin® Sam Dr, Malone

Farm Bureau Betty & Bob

alient Lady 3etty .Crocker

WIRE Reporter Headlines. Pepper: Young Guiding Light

ews Bohemians Girl Marries Marine Band Theater : ” ”

S|&85S

TE ou

Minuet Sweet and Hot Eton Boys Ruth Carkert Dr. Sus Sanvie Stevens Miss J i

Stella Dallas Vie & Sade

Midstream

Kitty Keene Baker’s Or.

oe fol

worn | mmr | a3 58

Interviews

Terre ansville ....... 88

aaaa0aaaaaaa o

cris

nnett & Co., Inc., 878 Massachusetts Eo Indianapolis; agent, Coleman B. Patison. 1125 Peoples Bank Bldg., Indianapois; 350 shares no par value; dealing in ood iq products. Ta grains, etc.; Gene Bennett, Nat nnett, Broadus W. Sen Crystal Bottling Co., Inc., T005N Governor St., Evansville; agent, ‘Christoph G. Klingelh defer, same, addre 100 shares no par. value; Jesiine | SOLE drinks and beverages; Shsis Jstoph\ G Xl ingelioeIar. Joacim F. Lillia,

ning,

Klinge 1 Orieingl Tr Tractor Cab Co., Inc., Cartha; s

Sr Thomas E. Bash, Carthage; 1 ares no par value; manufacturing ay cabs and jaachitiey of all ; Thomas Eo Bath, hn A. Kuntz, O. Stanley Wil-

The Delham orp. 3019 Roosevelt Ave.; agent, Gerald an ,same address; I estate busi-

ar Ly re t F. Pantzer,

L. Canield,

ot or Western ' Indiana, Rural Electric Membership Corp., Bloomfield; amendment of articles of incorpora-

ion. Coach & Car Equi ment Por /o Peabody Seating Co. P Ranehester; agent, F. J. Gingerick, No address; 100 shares of $100 par value; manufacturing automobile, bus, Petreetcar, truck and railroad car seats and other equipment. Ro. ward Buker, Robert E. Plum, J.” Thom son White. ani Furniture Co., Inc., Terre Haute; ssolu Downey Street. SEH: & Loan Associa-

tion, No. 15, Indian is; dissolution. Ohio Count u Loan-Fund an Savings Association; ing Sun; dissolu-

e Oil Indianapolis Credit Union, InTl dissolution. Chicago

es Ullrich, Ine. ; registration of trade mark label, wi Irich Bonded Kentucky

mmes Straighe Bourbon Whis key’ '—Class 48; alcoholic beverages. Ber Service Inc., 402

1000 shares no par value; dealing in water softeners; lbur ~ Warner, Ruth B.

Assembly, Ine., 2103 Wiel Eo Stock: religious’ Re Eeliey, Rancie C. McKinney. Mar

Burch Bare “store. She. ond; change of agent W. A. capTond; 500: Capito. RE Indianapolis, : DeWald Service Stores Wayn nt to W. 4. O Oberhoitaee. 500 Capitol Ave., aa . ‘Reliable Insurance Agency hes Indianapolis; change of agents oH . G. PriedJieyeh 208 diana Trust Bldg.. Indian-

The Columbian Savings & Loan Association, Ini pdianapons; conversion into Union Federal Log a 3 Association, 0 CO: - $ion; amendment ‘of articles of - ‘incorpora:

arner, nn Oar Pentecostal Trinit 8S. Franklin 8

Save on Auto FT Radios, Sporting Goods

and Hardware at

"Western Auto’ SY SY NIIBRII IA 27/3

on Everything!

Diamonds, Watches, Autos, Cameras, Clothing, Shanguns, ts.

HEE % The CHICAGO Store

nd | company earned $1.18 a share dur-

; {ond quarter. .

City: no capital |-

Alec Randolph Ma Perkin Home £dition Varieties

Tea Topics ” » Judith Arlen

Sm | 3090050 5853 | 5353

NBC-BLUE—WJZ, 760; WOWO, 116

{Tribe vs. Brewers bs

Man ¥ Married. Wife

Woman in White

Byr Editor’ s Y Daughter

Backstage Wife

Silver Strings -

KEY NETWORK STATIONS (Subject to change): MUTUAL—WOR, 710; WHK, 1330; WHKC, 640; CKLW, 1030;

NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 970.

Plesaure Time This Is the Fair Unannounced

News ! . Welk’s Or. Herth’s Trio T. Dorsey’s Or, Reiprdings ”»

Herth’s Teo Berrigan’ 's Or.

Peter Grant Buckey Lake Or. Moon te Gardens

Masters’ . or,

Marsico’s Or. Moon River » -” ” ”

FRIDAY PROGRAMS

INDIANAPOLIS WIRE 1400

CINC NaI (NBO.MBS MBS)

Pioneers Mornin’!

Time to Shine News

INDIANAPOLIS WIBO 1050

Prayer & Praise velers

Breakfast Jam Today’s Musio aravan ed ” Gospel Singer Man I Married Lofter

ee Day - Poems Hit ior Dcotlights Miss Julia Devotional Hanna)

Reflections De Love On With Musie Vie & Sade Charm Ho Alico. Blair Dr, Swing Road of Life Editor’s Daughter Friendly House ato ells

Sat Program Castra Time

Rhythm School for Brides Boy Greets Girl Indiana

ews . Farm Hour ”» ”» Come to Fair arolyne Golden ives

Grimm's Daughter Ramblers

Valiant Lady Betty Crocker

Maz Marlin Ch epper Penpe ding Light « (

. Mad Hatterfields Mati

atinee Beautiful Life Midstream

Kitty Keene Day Is Ours Silver Wings Woman Speaks

Unannounced Vaughn de Leath Barnett’s Or. Lowell Thomas

Jon Bm "Hollow

& r Ha treries . x Belle eve in Indiana

Pianorama Tope Moods Concert Hour

Musie Ralph Russell Old Refrains Hawaiians

- Matinee ”» ”

”» ”»

WSM, 850, 0; WLS-WENR, 870; KWK, 1350.

KOKOMO STEEL FIRM INCOME ADVANCES

‘KOKOMO, Ind., July 20 (U. P.).— The Continental Steel Corp reported that its operations for — first half of 1939 showed a net profit of $532,307.07, equivalent, after preferred dividends were paid, to $2.24 a share on 200,561 shares of common stock. This compares with a net profit of $211,299.97, or 63 cents a share, for the corresponding period of 1938. : :

Operations during the second quarter of 1939 showed a net profit of $253,128.67, equal to $1.06 a share on common stock. Last year the

ing the first quarter but slumped

to 57 cents a share during the sec-|]

DAILY PRICE INDEX

NEW YORK, July 20 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press. 1930-32 average equals 100): Yesterday ccccescccescecesss 103.20 Week 280 .ccoecsecscessseess 10331 y|Month ag0 ...coecescescaccs 105.21 Year ago sce sve sessssnaebR bn 105.07 11939 High (May 26) .esevee0s_108.02 1689 Low (July 17) .......... 102.76

ATTENTION! NEW EXPRESS RATES

With reductions on packages of 21 1bs. or less regardless of destination—and up to 50 lbs. for shorter distances. Shipments called for and delivered at your door in all cities and principal towns. No extra charge. Phone us.

RAI LWAY-EXPRE ss

AGENCY INC./

1839 —A Century of Service—1939

3:00 A. M. 7:00 A. M.

mir Fare

*7:45 A. M.

and Illinois

8 Buses Daily—Leaving

9:00 A. M. 1:00 P.

One-Way Fare, $2.25

DETROIT—TOLEDO

3:00 P. M. 7:30 u 5:30 P. M. 2188 EB

Rd. Trip Fare, $4.05

00 MM. 1:00 P.

Detroit, $5. 0

11:00 BM

Toledo, $4.35

EVANSVILLE and SOUTH

: $21:30 A. M. *Con venient. Sonnections at Evansville for Memphis B

; 5; 15 P. M. 12:45 Pat

A. M, Conveniently Timed £

"GREYHOUND TERMINAL

Traction Terminal Station. Phone RI. 6381. Corner Market = Sts., Indiana poliseEe

ross. Roads of Bus Travel

GREYHOUND