Indianapolis Times, Indianapolis, Marion County, 1 August 1939 — Page 13

CROP OUTLOOK HELD 6000 IN MIDDLE WEST

Northeast, Southwest Are Menaced by Drought, Survey Shows.

By UNITED PRESS Drought damaged crops seriously

in northeastern and southwestern! states during July but conditions|"

throughout the Midwestern bread basket, - heart of the nation’s agricultural belt, were generally good. Farmers reported in a nation-wide survey that rain which fell during the closing days of the month ended one of the worst droughts on record .in parts of New England and upstate New York reviving hope of saving thousands of dollars worth of crops. Pennsylvania, New Jersey and Delaware farmers reported conditions slightly better than in June .but said their crops needed more moisture than they have received during the past fortnight, to be of »~ any especial remedy.

Corn, hay, pastures and ranges were hardest hit in the droughtProlonged sunshine burned corn and withered hay crops but was a boon to fruit growers in the California and Florida citrus

stricken states.

belts. Crop conditions throughout the Midwest generally good, with outlook poor only in Nebraska:

Indiana’s corn crop is excellent

and soybeans, tomatoes and hay are flourishing. Illinois corn ‘was reported best in years and wheat yield expected to be above average; Illi- " nois pastures fair to good and outlook for all late crops is good or improved; Wisconsin expects better than average crop yield, but somewhat smaller than in 1938; Minnesota’s corn prospects good and wheat, barley, rye and oats ‘“generally fair.”

Wheat Prices Down Cent

On Weather News

CHICAGO, Aug. 1 (U. P)— Beneficial rains and cooler weather in the Canadian and domestic spring wheat areas discouraged wheat traders foday, and prices lost about a cent on the Chicago Board of Trade. At the close wheat was off % cent to 1% cents, Sept. 643%, corn "was off 1; to 1 cent, Sept. 41%, and oats were % to 2 cent lower, Sept. 27% cents bid. : All North American Markets showed declines off a cent or more, ‘with Winnipeg leading the downward movement. Small hedging pressure and scattered commission house selling was sufficient to carry| prices lower in! the local market. Corn futures tended to reflect the losses in wheat, but the December delivery was relatively steady. Reports of damage/to corn in the western part of the belt wete offset by light rains overnight.

Crop Forecast Is Smaller Than U. S. Estimate

CHICAGO, Aug. 1 (U. P.).—Mrs. E. H. Miller, Chicago’s only woman private crop expert, today forecast a domestic wheat crop of 672 million bushels, 259 million bushels less than the 1938 harvest and 44 million _bushels less than the Government prediction as of July 1. The 192837 average yield was 752,952,000 bushels. She foreeast a corn crop of 2541. 40,000 bushels, less than one million bushels under the 1838 harvest, but nearly 50 million bushels under the Federal July 1 estimate.

WAGON WHEAT Indianapolis fain elevators are payi for Ni red, 59c; other grades on t i) merits, Cash corn, new No. 2 vellow, #5c. . Oats, 29c.

LIVERPOOL WHEAT’

eV. |indicate the appr

57% 58 A 581%

Corn and Wheat Region Official Weather

—Aug. 1, 1939— Precipi- State of Hi h Low" tation weather le 66 Clear . Clear

Stations Notre Dame ..

Ft. .Indianavolis . Terre Haute . Evansville ...... 8

NAMED BOARD MEMBER CORAOPOLIS, Pa. Aug. 1 (U.

Stay

P.) —T. Spencer Shore of Akron, O.,|:

has been elected to the board of directors of Standard Steel Spring Co., it was announced today.

ROOFING =:

Roll 90-Lb. slate

surfaced prepared roofing plete

with Axtures.

STRIP SHINGLES, slate surfaced, per square DELAWARE

BLUE POINT [PULAvaEE

OUTFITTERS TO MEN. WOMEN and CHILDREN

magston’

THE MODERN CREDIT STORE.

129 Ww. Wash. Indiana Theater

Is Opposite Us

-ALL OF HAAG'S NEIGHBORHOOD DRUG STORES HAVE SAME CUT PRICES AS DOWNTOWN STORES

1931 1932 1933

1934 New Car Sales

1934

1935

1936

Building Activity

STOCK MARKET CONTINUES DULL

Bonds Are Quiet, Irregular |i= On N. Y. Board; News

Is Favorable.

[ NEW YORK, Aug. 1 (U. P.) —The

with prices firm, while bonds were quiet and narrowly irregular.

for the market in the day’s reports, according to experts who still felt the list was ready to rise, needing only an outstanding development to set the rally into motion on a broad scale, Most issues were up fractions t6|G

Electric Auto-Lite, McGraw Electric, | coc: Pillsbury Flour and Celanese improved on favorable quarterly reports.

higher in quiet dealings.

corporate liens were firm. Gains in the speculative rail group were limited to less than a point. New York, Chicago & St. Lbuis. Southern Railway and Great Northern issues moved fractionally higher. Curb stocks fluctuated irregularly in an extremely narrow range in quiet trading.

in = such shares as American Cyanamid B, Grumman Aircraft, National Oil Products, Standard Oil of Kentucky and American Gas & Electric.

LAPORTE COUNTY MILK PRICES ARE ADJUSTED

WASHINGTON, Avg Aug. 1 (U. P.).— Secretary of Agriculture Wallace has approved an amended Federal order regulating the handling of miik in the La Porte County Indiana, marketing area, it was announced today. The amended order becomes effective Thursday. Preliminary returns from a referendum revealed that of 173 votes cast, amended. order. The amended La Porte order requires handlers to pay producers minimum prices for four classes of milk; $2.10 per 100 pounds for Class 1 (fluid) milk, which is a reduction of 32 cents from the present $2.42 rate; $1.80 per 100 pounds for Class

lief rolls and paid for by recognized welfare agencies; $1.80 per 100 pounds for Class 2 milk, and prices for Class 3 and 4 milk related to the butter market as computed ‘by formulas.

LOCAL ISSUES

"The following apolis Bond sent actual price einas, mate based on buying and selling ata of recent transactions.

Stocks Ask Auto Invest Cor Belt RR & Stock Yds com.... Belt RR & Stock Yds pfd io, Cent Ind Pow 7 72 13 81% 102%:

s L 6% 2d Indpls . P&L 62% pid sLincoln Nat Life Tos Co com. 28 d Serv 52% .vfd.,... 9

rrogress Laundry Co com .. Duh Serv Co of Tnd 6% pfd.. Pub Serv Co of Ind 7% pid.. *So Ind G&E 4.8%

Van Camp Van Camp Milk Co com

Bonds

American loan 5s 51 Amer Loan Citizens Ind Se 1 414s 61 Crabbe Reynolds-Taylor 55 42. T&T Ft W 5% 55

$ 0 Inds Railway Inc 5% 67 . Indpls Water 3% % Inter Tel&Tel 5% “53 Kokomo Water 5% 58 . Kuhner Packing Co 4%% 60 Morris 5&10 Stores 5% -56 Natl Silk Hosiery Mills 5 4. Noblesville HL&P 62% 47..

Sevmour Water T Haute Water Wks 6%. iT Haute Water Wks 6% 49 . Tract Term Corp *Ex-Dividend. (Bv M. P. Crist & Co.)

Market St. Investment Corp.. 22.00

U. S. STATEMENT

WASHINGTON, Aug. 1 (U. P.).—Government expenses and receipts for the current fiscal year Shorugh July 29, compared with

a year ago This Year Last Y¥ $775, 202 ” .89 $740, 187, 05. 02 2817,4175,657.26 040,1 487,97 487.8 Cash Bal. . 2,452.6 Work. Bal.. 1,767,101,850.95 1.52510 Pub. Debt. 40.6573 Gold Res...16,234,415 3.337 58 13,011,676. 358 58 Customs ..., 24.6 7.88 22,174,728

INDIANAPOLIS CLEARING HOUSE Clearings $3,179, Fd Debits 9.153,00

22.22

Expenses .. Receipts .. gross Def..

REE DON'T NEGLECT YOUR LE LL S EYESIGHT. ... COME IN TODAY FOR AN FXAMINATION . . . PAY WHILE WEARING YOUR GLASSES.

H. H. MAYER inc

JEWELERS 42 W. WASHINGTON ST

$35

OUT-OF-PAWN hers at $5.00 up

JEWELRY &

FAIRBANK'S' LOAN CO.

213 E. Wash. St.—Opposite Courthouse

OPTIC.ANS

SALE! MEN'S

LOCAL PRODUCE

Heavy breed hens, 12c; Leghorn 8c; Barred and White Rock Ey Ei Ibs. and over, 12¢; colored springers, 215 Ibs. and up 1lc; Leghorn broilers, 3 ios and over, 102; spring Chickens, 2 3 lbs. an over, 13c; old roosters, 6c. No. 1 strictly ly country run eges. 11c; each full case must weigh 55 gross; a net deduction of 15 cents for each full case under 55. 1bs. will be m2 gde utter—No. Bb ae No25%zc¢; butterts t. 1, 3, "18c. (Prices Qioted by Weatey Co.)

See Final Edition

— we

PHOTO—LITHO and PLANOGRAPH Prints

(Oqfl MAtket 4466 ror mrssencer.

lis Blue Print rags Co.

‘ Tiina

of the Times for Closing Stock Quotations and Other Late News

TOE

stock market continued dull today A

There was a majority of good news|

a point. Strong spots among leaders Cal e were Chrysler and U. S. Rubber. Shey

C Bond prices turned irregularly S

U. S. Government obligations were|S dull and slightly easier. High grade Sons Bi

Small fractional gains were scored |

Rayon 169 were in favor of the|; 8rd]

.Kalamazoo Ser 38

1 milk distributed to persons on re-|[

1, {dence of genera

25@ |Philip M. Guba,

Indiana Business

1923-36=0

1937 1938 1939 1931 1932 - 1933

1937 1938 1939 1931 1932 1933

1935 1936 1938

Gasoline Sales

1934 . 1937 1939

1934 . 1935 1937 1938 1939

Indiana University Bureau of Business Research.

—r

233, % Sk S63" 18% Ya 17% 22 4 5 5% . 15 5 167% 185% 114, 2

6% 26% 4

Net -Last Change Addressgoraph . 22% + All By alee k 1 4 Y ., 1 m . Am Tob B im W Vater Ww.

ve 0 1% or 11% 7% 38% see

37 eo. 21% veer 61% ves 33 . 4Y 46% 5% —D— 24, 24%, 33 33 9%

Curtiss Wr ....

Dev& RA .... Dome Mines ... Dresser Mfg ...

25 7 gas

35% 235 ji) 31 «12% —r . 82%

1% “ee 20% :

Eaton Mfg .... Etungon Sch ... Elec A no L Elec & M Ind. Flec P & ElIP&L $1 of. Eng Johns pf

Fair Morse . Fed Screw Firestone T

32% 14 2 Ya

Gen Electric .. Gen Foods ... Gon Mills of .. Gen Motors... Gen BY &U.. Gen T&R .... Gondyen .'s grand Un pf .. Grant W T

Gt Nor th nf . 28 Greyhoud 5% pf 12 Household ro...

Il Central .... 1 Ind

13 26% 109 6%

. 16% “76 Ya —

Johns Man ..

19 20 26% 28%

Kinney 5 pf Kresge Kroger G & B..

26% . 28% — 16

Lorillard

Macy R H .....

v DS Mocall Corp ... McGraw EI .... 2

104 A Owens Ill Glass 65

¢ G&ElL 0] pas T&T pf..

1 Swift & Co ....

+ |U 8 Steel

? | Wilcox O&G . A Woolworth

Auto Production

N., Y. $1 'OCKS

ay United Press

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

High, 1989, 154.85; low, -121.44. High, 1938, 158.41; low, 98.95.

Holiday 28.33 . High, 1939, 34.33; low, 24.14. High, 1938, 33.98; low, 19.00. 15 UTILITIES Yesterday Week ago Month ago Year ago High, 1939, 26.52; low, 20.71. High, 1938, 25.19; low, 15.14.

aw I

£8 aa o

Miami cop. oes Murray ..

seve

Beitr . Dist lers | Lea:

. 26%

oh 2

Tee weer TE oes

sHrbE LLRED LE -

Otis Steel

NN I: 4

Packatd

of. Pere My r pf PHillips at or tt... 3

[+1

Burity "Bak 17%

Radio aesehsure 6 Reo 1% enfin oil ..

Tr A

Savage Arms .. Shell Un of ... Sloss-Sheff pf .. Socony-Vac .... South Ry Sperry-Corp es Spiegel Inc .... Square-D Std 0Qil Cal .... Std Oil Ind .... 2 Std Oil N J ... Studebaker .... Superior Oil ....

HAE HLF

Tide W A Dil... 11 Transamerica .. Trans & W Air. 20th Cent-Fox . Twin CR T pf. 20% 29% —— Un Oil Cal..... 15% 16% 08 99 3 3 Sg En .+ 13% . 112% J S Gypsum ... 91

U S Rubber .... 44% 151%

1247, A. 100 102% .110 West Auto Sup. 33%

West Pac pf . White Sew i. We . - 2%

y JTie Ry of

1 51% 51% WH 100 102% 110 110 3% 2

1%, 2% 49

1% 2% 49

Yo Yellow Tr 16% 16%. 167%

DISTRIBUTION COSTS

ities in the United States are caused mainly by failure of the middleman

the Twentieth Century Fund made public today.

Declaring $haj

field of distribution as a whole, the survey found that “for every out-

organization there are many that barely break even and some which operate at a loss, even in good years.” Among existing opportunities for savings, the survey listed: “(A) Du-

multitudes of brands, and unnecessary advertising—all caused by competitive conditions. (B) Unreason-

- |able demands and misinformed buy»|ing on the part of consumers. (C) S

Lack of a proper knowledge of costs among distributors themselves, too great zeal for volume, poor management and planning, and unwise price policies.”

GROCERY EXECUTIVES PLAN SPEEDWAY TOUR

apolis Speedway are in store for 35 members of the executive staff of

53| pabey & Co., wholesale grocers of

Richmond, Ind, and Xenia, O., who are to be entertained here tomorTow. The visitors will climax their day 82| with two or three laps on the track in cars donated by the Dodge Motor 0|Car Co. . Arriving tomorrow homing, the

executives will spend most of the

day at the Kingan & Co. plants. A

scheduled for 4:15 p. m., preceding the Speedway trip.

PHILIP GUBA PROMOTED PITTSBURGH, Aug. 1 (U. P.).— formerly sales manager in the Chicago District sales office of Carnegie-Illinois Steel Corp., has been appointed. Eastern

was announced today.

FOOD PRICES ne eninies Sou. ‘7 % fai Be tatoes—Louisiana, Bh. .25. rots—California crates,

Washin ngton, bu., $1. sion market (50-lb, oct ifnes Bellona, 40@75¢.

LAID TO MIDDLEMAN ;

: C 2| NEW YORK, Aug. 1 (U. P).—|Ce é6 |High distribution costs on commod- [Sa

to effect economies and not by prof- & . | iteering, according to a survey by

there is little evi-| Ne Wat 8v's high profits in the|N

its P) standingly successful and profitable 0

plication of sales efforts, multiplicity | &: .|of sales outlets, excessive services,

First-hand thrills of the Indian-|

short drive through the city is

sales manager of the corporation, it

Curb Stocks High Low BB,

Net Last Change Alum Co Am

2015 1%,

Eo ar Tr d&Sh p

Bdé&S! El Bd&Sh 6 pf 68% jie

HLH es

El Ltd rcts.. Oil

1+: HH

Un: Lt&Pw

Chicago Stocks

Low 5% 31% 13 8%

3 Ys. 5

Thompson J R . Utah Radol Prod

FOREIGN EXCHANGE

NEW YORK, Aug. 1 (U. P.).—Following are noon cable rates. on major currencies: able Rate Net Change |! (pound) $389 -18 (60-d b r).. (dollar) {franc)

New Business Books Available at Library

The following New Business books now are available at the business branch of the Indianapolis Public Library: > HIGHT JY Aare, ND As . “To, atford’ tne right. GT x gatien’s S eming problem. y 15 Ci

HOME MORTGAGE LENDING, by o .

the Sune oy ot the alex tional economy HOW _ TO MAKE SELLNG MEAT, by Grain Dani n and

¥ A mSAnEhin of the’ "highest Torder “has becom essential jn ihe profitable operation

of a ares HOW - WR AN - TION FOR | A" ob, >I APP Let r cent of available

calf. jobs eaten el ¥en applications,

Board

SP BAKING OF CHANGE: A SELECTION ECHES AND

ARTICLES, Edward A. Filene.

-—0.74 1.08

+1.60 .|D. Dwyer, proprietor of the Dwyer.

“ LIVESTOCK PRICES

1 |Common—

Last

ORGANIZE HERE

stabilization Cited as Aim;

Mushroom Growth Is Described.

The Indiana State Operators’ Association, - representing about 65 operators ‘of legal vending machines, started a. menibeérship drive today following an organization meeting| last night at the Claypool Hotel. More than half the present membership heard talks by Samuel Weinberger, Indianapolis manager of the

Weinberger, manager of the same firm’s Louisville, Ky., branch; Ralph| Rigdon, Indianapolis, district manager of the Rudolph Wurlitzer Co.; Paul Jock, Indianapolis, manager of the: Guarantee Distributing Co.: H.

Novelty Co., Marion, and Frederick Johnstone, member of the board of directors. There are about 200. operators of 10,000 music, cigaret, weighing and other legal vending machines in Indiana, Mr. Johnstone said. “This organization is seeking to stabilize a business which has ens|joyed a mushroom growth in the last five years,” he stated, “and to disassociate legal machines from ‘slot’ machines, pin-ball machines and other devices. “We are trying to raise our standards and fo conduct an educational program both for the operators and the public, which has been inclined to look askance at all coin machines. We want them to know that we are in a. reputable - business, and one which gives employ. ent to 1500 men in Indiana. As an example of the vending machine industry’s scope, Mr. Johnstone cited last year’s sale by the Wurlitzer Co. of some 50,000 recordplaying machines, valued at approximately $300 each. Officers of the Indiana State Operators’ Association are Charles|® Hughes, Ladoga, president; Albert Evans, South Bend, vice president, and H. J. Windt, Indianapolis, sec-retary-treasurer.

HOLD STEADY HERE

Livestock cleared at prices steady with yesterday’s levels at Indianapolis today, according to the Agricultural Marketing Service. The top hog price remained at

2|the low of $6.65 on 200 to 210-pound

offerings. Vealers were sold at peak of $9.50, and the top price for spring

7 lambs remained at $9.

Top Rcepts. rly. Top Repts. -$ 7.10 7019) $ 6.5 000 6.85 i823 3 . 6.65 6531 6.75 4545 Aug.’

T Repts. . 685 oz Packing Sows IGood and Choice— gi 300..8 5.25- 5.50 - 330.. 5.15- 5.4 . 4.90-

3%0- 360. ied 4.65 4.25-

4.00-

ul; ny. 2% . 28

Barrow and Gilts | od and

40 § 60.

5.25

5.10 4.75 4.35

Shaghnsyee PoSTNSOND DORR RRROR ] SOSNIOOR

aUaRRORBH UN

-65| Slaughter Pigs 5. :00- 5.20] I and Good—

3.75- 5.15 5.60- 6.40) g0- 120 ° 5.40- 5.90 Slaughter Cattle & Yeaters (Receipts, 2714) Steers Choice— 750- 900 900-1100. 1100-1300. 1300-1500. Good— 750- 900

Bulls 7 ke Yearlings excluded)

Bee $ 9.50-10.25| Good .$ 6.75- 17.50 9. 50-10. 53 0 sausage— 50- 7.25

9.50-10.2 6. 9.50-10. 2 cred, 6.00- 7.00 utter an = 0.5 30 common _ 5.25- 6.00 - 9.50 Vealers - 9'30]All Weights— - 9.

2 .$ 8.50- 9.50

6.50- 8.50 > 00- 6.50

8. 8. 8. 8.50

1300-1500: Medium— on & 750- 900. 7.50- 8.75) medium. Libhutfes; 750: 8: ‘s0/Cull ... a. mmon— | Ro-T100 8.25- 7.501 (Receipts, Ra Heifers | Cattle Steers Choice— 500- 800 $ 9.00- 9.50 750- 900 $ 9.25- 9. 15 800-10 -1050. 375: 925 Good-— 00- 800. 8.00- 9.00 150- 900. 8.75- 9.351 § 400-103 -1050. 8.00- 8.75 Medium— | 500- 900. 00- 1000. 150 8.25 7.00- 7.75

7.50- 8.75! Comm 1500-800 500- 900. 6.00- 7. Hntedtu Cows Cows ..$ 6.50- 7. " Medium. 5.75 6. 50/08 3.do Cutter and IMedi common 4.75- 5.75| a Canner. .

m & .$ 5.25- 6.25 aives {steers)

own S525- 9.25

down (ueiter 10. .00 eifers 3.25- 4.50] 500 down $ 8.75-10.00 Cutter (low

|Mediu; cutter) 3.75--4.75] 500 ‘down 7.50- 8.75

SHEEP AND CATTLE (Receipts, 2214) Spring Lambs

Good and choice Medium and good Common Ewes (on shorn basis)

Good and choice Common and medium

CHICAGO LIVESTOCK

Hogs—Receipts, 11,000; weights 240 lbs. door stead, 5 10c lower; heavier butchers and pac kin sows steady to 10c higher: $6.75; bull He 2] and d choles. mL 2240 og LT “[email protected]; 300-330 ibs.,

Se a [email protected]; 306.360 bx lbs. 89% [email protected]; 400-500-1bs. large-

@4. iv ghaatio ts, 7000; calves, 1200; all grades yearling Petcers and yearling he heifers, steady; yearling steers scaling 1bs. early. top on S, rota loads 9

Good . >

$ 8.25- 9.00 6.50- 8.09 5.25- 6.50

2.00- 3.00 1.75- 2.75

downward very Scarce: $10: best heifers, $9.65; 1025-1b. yearling Be Thad [email protected]; medium weight, and Yelghty 3a predominating; most offerings grading ood an near choice; market. weak to 25c under early Monday with very few cattle Laid ad best heavies, $9.85, but a few loads hi bove $10; common and medium Tie unseasona allv scares: y such catile selling at $6.25 ccQ we to weight and condition; Bulls steady i cay: vealefs 50¢ aT 1 down; weigh ty sausage bulls 7.25; she stock cattle k to 25c ly mostly - Southw 3 “steer at $10 down and yearlings

s, 6000; late Monday yearlings weak; spots

low: ys 2 P at $7.25

eep P lambs gatipt lower; top native springers, $9; ulk, [email protected]; good yearlings, $7.25; Se : oo Be A spi Lully 0 s Soa 5028.90 0. 20 per Co a fess

pane, 80s down; natives, $8.5 55.00 43 packers; top to small killers, i yearlings scarce; Shees. steady; native slaughter ewes, [email protected]! 50.

OTHER LIVESTOCK

Ind.. Aug. 1 (U. B= mh 2% kb 86; aE Bo-220 bs $6. ts 240 ibs. $8: 26 8: '260-2

LAFAYETTE, In 1 (U. py —Ho - t, steady; wri 6 08.50: te $6356.55: -ato-dab ane 5.800) 280- 60; Si

a ht roughs % s0'siown: OE $8. 506 9: lambs, Re dow :

NAMES SALES MANAGER

Times Special NEW YORK, Aug. 1—The ap-

manager of International Business Machines Corp. sales division No. 3 with headquarters in Chicago, was announced today. Mr. Packard formerly was a district manager with

headquarters in San

5 7

., | Week ago

AACHINE MEN |

Emmett F. Connely of Detroit (above) has been nominated for

Southern Automatic Music Co.; Leo presidency of the Investment Bank-

ers Association of America for the 1939-40 term, it was announced today. Vice presidents nominated are: John S. Clark of Cleveland, Paul H. Davis of Chicago, Edward H. Hilliard of Louisville, Colis Mitchum of San Francisco and Joseph P. Ripley of New York. ‘The slaté will be voted on at the association’s convention at Del Monte, Cal., in October.

STUDEBAKER'S NET PROFITS UP

gai for Second Quarter ‘of 39 Compares With '38 Net Loss.

SOUTH BEND, Ind, Ang . 1.—The Studebaker Corp. today reported net profit for the second quarter of 1939 amounted to $717,400 against net loss of $868,009 for the same period last year. For the first six months of 1939, Studebaker’s net profit of $774,314 compared.with net loss of $1,940,360 for the first half of 1938. Net sales of $22,808,374 for the second quarter were more than two and one-half times, the $8,787,521 sales for the same period last year and were the largest for any quar-

Ater since the third quarter of 1929, Jit was reported. Net sales of $37,-} 903,623 for the first half of the year|"

compared with $17, 493,033 in the same period of- 1938. =

FAIRCHILD FIRM BUYS DURAMOLD PROCESS

NEW YORK, Aug. (U. P)— Fairchild Engine and plane Corp. has purchased full control of all rights to the Duramold Plastic Manufacturing process in the aeronautical field, it was announced today. The Duramold process of molding fuselages and wings of aircraft and nonaviation products had been controlled by the Clark Aircraft Corp., in which Fairch had held a minority interest. twas originally developed by a wh diary of the Fairchild company and

o|the Haskelite Manufacturing Corp.

of Chicago, which still holds the nonaeronautical rights.

WHISKY MARK-UP REPORTED HIGHEST

NEW YORK, Aug. 1 (U. P)—A special study of the relation of manufacturing costs to actual selling prices made public today by Twentieth Century Fund revealed trade markups ranging to as much as 78 per cent in the case of whiskey. The data, most of which were obtained in confidence from manufacturers and are based on 1936 figures, disclosed that a quart of rye whiskey that cost 30 cents to make retailed at $240 a quart (including $1 in Federal taxes), a markup of 78 per cent, exclusive of the tax of the retail price. : Cigarets received the lowest markup reported in the survey.

MAGAZINE SEES WAR

AS TRADE DOMINANT |-:

NEW YORK, Aug. 1 (U. P)— Prospects of improved business this fall have strengthened, but “the question of war or peace continues to dominate thie whole business pieture,” the magazine Banking declared today. “The prospect and general expectation of better business this fallare evident in most available reports and are based on fairly substantial ground, as well as on a certain amount of external hope,” it stated. The magazine also found that the relations of business and government have improved to some extent.

SWISS BRANCH BANK MANAGERS NAMED

NEW YORK, Aug. 1 (U. P.)— Franceso L. Saroli and F. W. Lightensteiger, prominent international bankers, will manage the new Wall Street agency of the Swiss Bank Corp. of Basle, Switzerland, it was announced today. Following announcement of the new appointments, Mr. Saroli issued a statement calling attention to the importance of the new agency in

developing closer commercial and |:

investment relations between the United States and Switzerland.

DAILY PRICE INDEX

NEW YORK, Aug. 1 (U. P)— Dun & Bradstreet’s daily weighted

price index of 30 basic commodities,

compiled for United Press (1930-32 s| average equals 100): 0. | Yesterday ........c.oe000eeq. 103.16 eis arhescessevsvny 101.68

MONth 880 ...cceree.00e00.. Holiday WER 880 ....cxcsxssnsseessss 10116 "11939 High (May 28Yurtnireste 108.02

pointmént of Gordon Packard as|

lly-owned subsi-|

TONIGHT 6:00—The Human Adventure, WFBM.

6:30—Information Please. 7:30—Alec Templeton, WIRE. 7:30—Bob Crosby, WEBM,

It’s no news now that we failed to hear anything from Mars the other night; we didn’t even get any return-bounce from our own messages which were supposed to come back from Mars in 6 minutes 28 seconds. But 15 years ago when Mars was close to us, radio bugs—on the puny sets they had then—reported (lots of messages from the neighboring planet, ! Radio Station WHAS, Li~uisville, was making one of the first mobile unit broadcasts in the history of radio. They were broadcasting Army maneuvers from Ft. Knox, Ky. Maj. Gen. Robert H. Tyndall of Indianapolis was in command.

Andre’ Kostelanetz and his wife, Lily Pons, have been breaking rece ords in their personal appearance tour across the country. They played to a huge crowd at the Lewisohn Stadium Concerts: and attracted almost 250,000 persons at their Grant Park, Chicago, appear= ance. Other scheduled appear= ances preclude their reappearance

at Lewisohn. Mr. Kostelanetz will return to the air Aug. 21. ;

8 8 =

WIND will broadcast all. the races daily at Washington Park for the balance of the season. Eight races will be aired and a special sports news broadcast will be preseneed, Ted Williams is at the mike,

—-

» ” 8 H. V. Kaltenborn’s regular “Kale tenborn Edits the News” will be known as “Kaltenborn from Eure ope” commencing Aug. 13, when

The mobile unit was set between two field' pieces that were fired at 15-second intervals. Interspersed between would be the z-zip z-zip of smaller pieces. The announcer let this run for about 20 minutes without saying ‘anything. The next morning from all over the country there were reports that Mars had been calling the earth. From as far as Boston, Mass. and Seattle, Wash., came descriptions of the code used by hitherto silent tMartians. It consisted of a loud bong followed by smaller pings and another bong. The bongs, they said, came at 15-second intervals,

The 30th anniversary of the U. S. Army Air Corps founding will be celebrated in a special broadcast from Wright Field at Dayton, O., at 1:30 p. m. tomorrow, CBS-WHIO. The first plane owned by the Corps was manufactured by the Wright brothers in 1909. It weighed 350 pounds, could make 47 miles an hour and could remain aloft one hour. It had no wheels and took off from a monorail by means of a 1400-pound counterweight. . . . Brother meets brother tonight when James, brother of John Kieran, Info Please! mastermind, submits .to the questioning of Clifton Fadiman at 6:30 o'clock, NBC-WLS. . . . Gabriel Heatter’'s We, the People, picked up a Bowery bum last night and after wining and dining him for two evenings Mr. Heatter will bring him to the broadcast at 7, CBS-WFBM.

Rosie O'Grady,” will sing the num-

Maude Nugent, author of “Sweet|.

the commentator will make his headquarters in London for a series of six European broadcasts. He is on the air Tuesday and Sundays at 8:30 o'clock, .CBS- WFBM. ” ” Vera Oldham, author of the Parker Family, doesn’t use a type writer or a pen. She got in the habit of using a dictaphone when: she was ‘somebody's stenog” and: she never lost the habit. She puts in all the sound effects as she goes along. If she has said something that doesn’t sound right, she follows with: “Don’t type that. It'll have to come out.” ‘Her scripts have included “Sharfe du, ” “Drums,” “Showboat” and “The Story of Omar Khayyam.” >

8 8 ” Alec Templeton will give his ime pression Of how the “Beer Barrel Polka” would have been played in the 17th Century at 7:30, NBCWIRE. His mother, who was his" first teacher, never misses a studio performance, and Alec always asks her how “the show went.” IT Had the Chance finally brings the all-time all-star minstrel show at 8, NBC-WENR, when Ben Lyon acts as interlocutor, his wife, the former ‘Bebe Daniels, Peter Arno . and Frank Norris are featured ene tertainers, and Ham Fisher, Tommy Dorsey, Conrad Thibaul and Guy Lombardo are end men. Ham Fishe er, a cartoonist, will do a tap dance and Mrs. Lyon will recite poetry. + . The University of Chicago

ber on the program,

(The Indianapolis Times is not res nouncements caused by station _changes a!

INDIANAPOLIS . WFBM 1230 (CBS Net.)

4:00 Troubadors - 4 = Tea Topics

3 1 Judith Arlen

3 00 Christian Science 5:13 Bohemian 5: 3:30 History Soeaks

90 Human Adventure

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INDIANAPOLIS WFBM 1230 (CBS Net.)

WEDNESDAY PROGRAMS INDIANAPOLIS INDIANAPOLIS WIRE 1400 WIBC 1050 (NBC Net.)

CINCINNATI (NBC-MBS)

Devotions

Early Birds I” » Markets

Hentueky Girls Pioneers

Prayer & Praise Revelers

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CBS—WABC. 860; WJR. 750; WHA

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KEY NETWORK STATIONS SETTERS NBC-BLUE—WJZ, 760; WOWO, 1160; WLS-WENR, 870; KWK, 1350.

S. 820; KMOX. 1090; WBEM. 770.

MUTUAL-—-WOR, 710; WHK, 1390: WHKC, 640; CKLW, 1030; WSM, 850,

NEW RECORD IS SET BY MUTUAL BANKS

NEW YORK, Aug. 1 (U. P.).—Deposits, assets and depositors of mutual savings banks in the United States reached new record high levels in the first six months. of this year, it was reported today by the National Association of Mutual Savings Banks. Deposits of the mutual institutions rose to $10,390,965,769, the highest total reached in ‘their 125 years of

operation. SECURE PRIVATE NECESSARY Suto Typosit Bor American National Bank ak | TEMNSTIVANA 2

MARKEY STREETS

811939 Low (July 20). vesessosss 101.4018

NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670.

lers Mutual

FIRE— CASUALTY AUTOMOBILE INLAND MARINE INSURANCE at substantial savings

Ha. 3000

lnvestments Indianapolis Bond and Share Corporation 129 EAST MARKET STREET