Indianapolis Times, Indianapolis, Marion County, 17 August 1939 — Page 20

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PAGE 20

STOCKS MEET “RESISTANCE IN * SLOW TRADING £72

‘News Offsets Favorable Domestic Trade Items.

| NEW. YORK, Aug. 17 (U. P).—

_ Trading fell off sharply on the

stock market today and resistance

developed after prices had extended B

‘yesterday's decline. The European situation continued

to make for extreme caution in

making new ‘commitments. Experts said the domestic’ news justified

_ further advance in share prices. It

included another rise in car loadings to a new high for a month, a gain over a year ago in building, and a rise to® new record for Sears, Roebuck sales. Steel issues were mixed with

Bethlehem up slightly and U. 8g

Steel a small fraction lower. Market mén look for further gains in|g steel output next week to a new

high since 1937. Motor shares were

steady to firm with General Motors slightly higher. Oil shares were steadied on the

* pelief shutdowns of 65 per cent of

the industry's crude production

wolud rectify a maladjustment in Bis

the inventory situation. International Harvester registered a gain of 1% points to 52% in the farm issues.

HOGS ADVANCE |: 25 CENTS HERE

Light. Receipts Bring Rise; Top Reaches $6.25 as Vealers, Sheep Hold.

Light receipts of hogs at Indianapolis today brought a 25-cent recovery, according to the Agricultural Marketing Service. The top price, quoted on 210 to 220-pounders, rose to $6.25. . Vealers and sheep were steady at BE top prices of $10 and 75.

Barrows and Gilts Good and :

Repts. 913| 1 1200 3399, 1

Ww.

12 40.8 5.10- 5.25 60. 5.25- 3% 33060- 0. Em 80- 200. 00- 6.25 200- 220. 6.25 : 6.25| 4 6.20

90- 4.85- 31 1

1%: 5.50- 6.30

Con gone ot

Net Last Change

LEA:

of Rls 12 hy 1012 hha YE 13%

4 Smelt 7 pf.139% Pp B 168

oy Mach 4 & im

\m m

Aim Am Tob

Ft l4+l41

Anaconda 4% Anchor Hock Gl 25% ti ¢ Line .... tins Co . 8% Aviation orp. « ve

23> BEEEDEEEEREDDIES Bt Bt ds 3 "”

ld Loco ok..

Beth thd foun geth & Steel 7 pf. 1 i

Bri 5) Mf . 20% Biya U das. | 26% Bruns Bal

ud g Burlington M.. yers,. A M ...

hm ses "

AR RAT Seas

Hi: =e

+]:

Canada can Galunicss Cent F tg de

sees

a ube

Colgate oun Ts PR 10% Col G £5 5: B.. 80 Com Solvents.. 10% Comwlt! So. 1%; Cons Edison...

2 ses Ber 0000 "B35

BAL HIRE

4 Crown RE ot 3% Curtissein

Curtiss-wr A:

t Seag 17 Dikie-Vortex “a Dome Mines .. Du Pont ......158

. .

East Air Lines: 18 Eo 34, Lt 8% . 2877 12, .. 190

FREE

I+1LLEL tL

Fed Lt & T ... Flintkote Pollansbee «.... Food Mach 33

D4:

+ 45% . .8%

Gen Gen Gen

Electric .. Foods .... Motors .. Gen Pr Ink ... Gen Tel ...... 18 Gen T & R .. 20% Gold & Stock.. 83 3 drich 13% 1% 13%: 23% 17%

. Aa NOS FESRSSS w

(EERE ARNE

G ae Gt North pt ‘a Greyhound Op.

oe x A0% 0% 109% 109%, 33

Hall Print ..

Houston Oil .. Hud Bay M&S 3344

I! Central .. . 11% 11%, Tl Cent L L .. 43 43 Interlake Ir .. 8%

8% .. 51% 51 ine.. 2% ‘3 . #5 “

1:1

. . .

Kennecott ..

V Coal ...

Slaughter Cattle & Vealers (Receipts, 571) 1327) i Bulls Steers Beg" excluded) ..$ 6.50- 7.25

e Cho ood 750s 900 $ 9.50-10. a sais e— 9.50-10.0 20d. 6.25- 6.75

9.00-10. 2% SL. 5.50- 6.50 9.00- 9.75) Cutter and common 3 75- 5.50 eale

Ve 8.75- 9.50 All Weights— 8.35. 9.93| C02 5 8.50 - choice 8. 8.25- 9.00i Common 8 2; 00 i 3 7.00 7.50- 8.501 1 *'Galvens. 0 7.00- i (Receipt, 230) eeder, Stocker 6.00- 7.00 Cattle Steers

oice— 500- 300 $320 800-1060. 8.75Good— 8.00- 9.

09- 800. 00-1050. 8.00- 8. 8 0 00-1 7.25- 8.25 = .- $0- 7.50

1100-1300. 1300-1500.

Medium— Common-—-750-1100.

Heifers

ot 900 $9.25 oo - 8.75}

Mea 500 8.50- 9.25 500 860 7.80- 8.50

Common: 500- 900 6.00 7.50] Me

Cows

d &c d ... § 6.25- 6.75 500 "." 5.50- 8.28 Ba #35. 9.25 2.00- 9.25

Calves (heifers) ves ers 500 down § 8.75-10.00

cutter) . ov 75- 4.75 yo down 7.50- 8.75 SHEEP AND LAMBS (Receipts, 1310) Spring Lambs Good and choice Medium and good - 8. Com 5.00- 6.50

2.75- 3.25 2.00- 2.75

CHICAGO LIVESTOCK

25° s—Receipts, S00; fairly act; - Bon mostly 10 to 25 tents Higher: £2 butchers and sow £ fully 15 to 25

cents higher; underweigh than greadis Sf ood is, ie

1bs., 8 95@8. 30: 210: 5 400 Jb 5. [email protected]; so Pt

Yio $4. 35@4 00 Ja A dmesday Boat Ta ulk native 50a 8.65; a 3% est ; medium to 'o6, 4066 5. native ewes

"Ewes Good And or, (on shorn basis)

Common and medium ..

[email protected]; today’s trade OS lambs and

earlings, "slow; few opening sales, 15 to 3 sents wer ‘native : Springars to to Each best hel above; LT on on a Ss; aa about ateady: few native slaughter ewes, $2.50

Cattle—Receipts, 4000; calves, 1000; steers and yearlings, fully steady; fed |8 stances 10. fo 15 cents higher; su ply od fiero ts “wifes Skins heavise included; early oe 90 Zor 139 J Fin aver: ages; yearlin A ‘Re few loads, , $9 e535 x stocl SRUvElY oui eS oi 35: a cutter and common cov. $4.30 0 ©5718 5 SE: ppastical hs wn

an e sausage bull, $6.50; © veaier generally; light stockers ers. 8

U. S. STATEMENT

WASHINGTON, Aug. 17 (U. P)).—GovFER Saal Jens fri Joi por the Sor. ou aa 8 ug compared Year

5 Yea: Expenses ..81, 387 an; 0) 91 i. aol Sin Net Def .

€ Cash Bal.. 2 456,128.67 wi BIRR Ta 5 37,373,208, Gold Res. .16,321,705,777.54 13,044,913, Eid 5 Customs oe 38,354,521, 92 37,154,111.04

INDIANAPOLIS Gleatings Debits

CLEARING HOUSE $4,054,000

LOCAL PRODUCE

Heavy breed Jens, 12c; Leghorn hens, 8c; Barred and White Rock apringers, 1bs. and over. 12c¢; lored springers, 3 2 EE, brolicre, 2 Tos, : . a 13c; old roosters, 6c. 5. 0 No. 1 strictly ah country a 5" gs, ; each full must: wei

Butter—. ' 25¢; aster erfat—o. 1, 20c: No fo (Pr oes Sune ‘by Wadley Co.)

DON'T NEGLECT

DR. FARRIS AY —— EYESIGH OME

AN *XAMINATION AZ A814

YOUR [EERE EN Y WHILE GLASSE

TREN V-0 4 3 EET

AUTO AND DIAMOND

LOANS wolf ? SOHN. tne.

7 233,000 a

.| LAPAYETTE, EY market,

Y. S TOCKS

“or Gaited Pron

| Yesterday ....

% | Year ago

24 | Week

- wn

DOW-JONES STOCK AVERAGES . 80 INDUSTRIALS vee Baeesis 138.4% Week ago .... Month . ago ssssncsesse Bees 141.24 . saves ve we 130.38 ° - High, 1989, 154.85; low, 121.44. High, 1988, 158.41; low, 98.95. ; "20 RAILROADS esssascssseasiase 28.00 ago esssgssensenceres 28.00 Month “ago 25.08 YeAr Af0 ..iiceisssnen sora 3070 High, 1980, 34.38; low, 20.14. . High, 1938, 33.98; low. 10.00. . 15 UPILITIES Yesterday anon sine Week ago .. Month ago Year ago i.e High, 1989, 27.10; tow, 20.71.

_Bigh, 1938, 25.19; low; 15.14.

Yesterday

sessesencsessas

ss esnne

t ward ... 50 - TAY 7%

assess

Nash Retv senes

Nat

ABCRit +t, Hh &l pt Nat are Nat G Daum os at Steel

- -

sa il

Pi iid:es

SULT I4I4+: SEEEEEs

able Serv ... Pub Serv 8 ot. ' Pullman

Radio ..¢.e0 Rayoni Rem .

a ae

Reo Mot Repub) Rebarold oe

trl

+11]

RF SF ESSE

tudebaker ... Sunshine Min '. 10%

ves 34% .. 65%

Péxas Co! Pac T 5

H+:

[ruax Trea .... [win Coach ...

' es » ° eo PES .

1+1LI+]:

DOIN = DI RID Lol bet

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White Sew M . ive Gverld

ool woi th

Yellow Tr «o..s Young Shee.

+ 111+]

McC Midland 8tl ..

35 | Young St' Dr ..

Today's Trade Notes

NEW YORK, Aug. 17 (U. P). — Electricity production in the week ended Aug. 12 advanced from the preceding week, but failed to regain the level of two weeks ago when it reached the highest point since Dec. 24, the report of the Edison Electric Institute revealed today. Output for the latest week totaled

2,333,403,000 kilowatt hours, an increase of 9.4 per cent over the 2,133, 641,000 kilowat hours produced in

oo|the corresponding 1938 week.

Sr ——

Wholesale Food Level At 5-Year Low

NEW YORK, Aug. 17 (U. Pr The general level of wholesale food prices in the week ended Aug. 15

oo | dropped to a new 5-year low, Dun

& Bradstreet, Inc., reported today. The authority's index—the sum total of the wholesale price per pound of 31 basic food commodities in general use—for the latest week was placed at $2.13 compared with $2.15 in the preceding week and

ri¢241 in the corresponding 1938

peri Increases were recorded for flour,

bs., | wheat, corn, oats, barley, steers and

lambs, while decreases were noted

Chicago Stocks

High

cece.

Aviat Corp ..d... Bl h

sssecsoe sssesenee’

Mt Statés Pwr Dp Noblitt Sparks No'west Stein A & C

OTHER LIVESTOCK

CINCINNATI, Aug. 17 (U. P.). — Hogs Receipts salable, 2500; total, 2750; holdovers, 160. Active, generally 25 cents 5 higher. Top, $6.25; 100-140 1lbs., $4.15@ 4.90, most good packing sows, [email protected]. Cattle—Receipts, salable, 300; total, 300. Calves—Receipts. salable, 200; total, 200. Slow on limited supply, gy sisany Joa week’s “deciine. Few lots Foie; eight dry fed Yearling Ss, oh 50 gre, eo grass. 3 8.805 el hts, 15@ at medium Stoo and eaplings, "36. mon 75; n 3 00d COWS, 1 k common and medium, $5.25 @6; canners &ha gutters, $3.25@86; vealers

strong; s ‘Bgl weigh Bald. Shee ceipts, salable,’ 2000; total, 2500; Hairs active, Enea steady to eak. good ice trucked APD, Spring ote, $8. we! i scarce;

8 $935: common and medium, Yea. 0 LE 5.50 down to azound $4; slaughter ewes, unchanged at $2@3; around ead strictly good and cholo wT rail ewes and weth common and medium chesingt

Au 25¢ Didier: ug. 10 1bs 200-250 1bs.. 85.958. 5: Ibs. %45.80 $005. a5; 280- 338 Ibs, $5.25 down; oh HW 2569. 50; lamb,

P.).— Feb: 60 *350- 280 $10 35.80.

1 | s.. $5.85: 1bs.. $5. ) 1bs., $5.85; 260 1bs.. $5.60; ~ bs., $5.26; 300-325 1bs., .10; "25-350 1bs.. sa. 141-160 hss $5.10; 1 0-140 1bs., Ips .60. Roug : lambs,

FOOD PRICES

CAGO, Aug.

Potatoel hel [email protected]. ee

a3 2.25. ore path

less; rank |C

ulk good and choice all}l

9: sholce :

P Jo Citize

baske 8, sas Se. el 1.25. Su

for rye, bacon, lard, cotton’ seed oil, cocoa, beans, potatoes and hogs.

New Fabric » Firm Is Formed in New York

Times Special NEW YORK, Aug. 17 —The formation of Comprehensive Fabrics, Inc, a new sales and merchandising organization which will develop national distribution of the “K-Treated” process in the fabrics field using Koroseal, new synthetic processing material developed in the laboratories of the B. F. Goodrich Co., was announced here today by Joseph A. Kaplan, president of the new corporation.

July Shoe Production Up 10.6 Per Cent :

NEW YORK, July 17 (U.P).— July footwear production gained 10.6 per cent over the corresponding 1938 month, according to a report of the Tanners Council of America. The authority | estimated last month’s production at 34,000,000 pairs of shoes to bring the total for the first seven months this year to 241,833,000 pairs, compared with 215,160,000 pairs in the first seven months of 1938.

Corn and Wheat Region Official Weather

—Aug. 17, 1939— Precipi- State of

Station High Low tation weath.

2982353283282

LOCAL ISSUES

The following quotations by the Indiansen’ Bond & are Corp. do not Jepre. ent actual price offerings. but erel 3 Te approximate market Sev Diep buying and selling quotations of ocent tranactions,

Stocks a

. 81 oh

Auto Invest Oo n 8tk Yds SOmN..« Stk Yds pi

SInd G & Van Camp Milk Co oom, Van Camp Milk -C

American Joan 58 2 Amer 225

cesses 97

Hom Ind i Indpls Rail wa

{| - cHx 17 P.).—Apples— Michigan wéalthies bushel Y soso APR weet | Ohi

3 NEW AWARDS

*| prior to the show.

(Little in News to Encourage

} Share vs. $285, 093 or 20 cents year

/] $14,334 year ago.

*{ 1939 high— (May 26) ........ 108.02

SUGGESTED FOR

Committees Listed by Merrit Harrison.

Taree new awards for the 1840 Inlis Home Show are sugSigna by J. Frank Cantwell, general manager, in his report on the 18th

today. : One, he sald, would be for the best individual work in connection with,

matized ‘exhibit and the third for the outstanding building achieve ment in the city during the year

Asserting that Indiana has the best conceived, best staged and best received home show in the United States, he cited as the outstanding result of this year's show the development of a distinctively Indiana type of architecture. Committees for the. 1940 annual; display, announced today by Merritt Harrison, president, are:

‘man; W. Paul Jones, T. E. Grinslade, J. H. Carnine, C. V. Spickelmier. Public: Education—E. D. Pierre, chairman; Mrs, Harold Hayes, Ray T. Fatout, Ted C. Brown Publicity and Entertainment—Dan C. Hess, chairman; Malcolm Davidson, T. R. Black, Mr. Grinslade, Mr. Weiland. Garden—Mrs. R. H. Miles, chairman; James Lowry, M. B. Esterline, Mrs. Hayes. Opening Ceremony—Mr. Jones, chairman; B. F. West, Mr. Spickelmier, Robert L. Mason. General Plan and Model House—A. H. M. Graves, chairman; Mr. Pierre, Walten Evans, Mr, Fatout, Mr. Esters line, Mr. Jones. Tickets—R. L. Mason, chairman; Mr. Davidson, J. H, Carnine, Mrs. Miles, Mr. Black. Judges and Awards—Mr. Lowry, chairman; Mr, Evans, Mr. Brown and Mr. West.

WHEAT STEADY: TRADING LIGHT

Buying; Corn Barely - Firm at Chicago.

CHICAGO, Aug. 17 (U. P)— Wheat opened steady in light trading on the Chicago Board of Trade today.

Wheat was unchanged to up 3, and corn and oats were unchanged to 14 “cent lower. There was little in the news to encourage buying of wheat. Liverpool failed to reflect yesterday’s advance in North American markets, and European political reports had little influence. +: Winnipeg wheat started 2 cent higher to 14 cent lower, Minneapolis % cent higher, and Kansas City unchanged to % cent lower. Cord futures were barely steady in a slow trade.

X WAGON WHEAT Indianapolis grain elevators are payin for No. 1 red, 60c: other grades on thei Bins Cash corn, new No. 2 yell ow, 45c.

JULY BUSINESS UP

NEW YORK, Aug. 16 (U. P.).— July business of U. S. chain stores showed substantial improvement

the 1938 comparative, Store Age reported today. e The magazine’s composite index of chain store sales for July advanced to 112.0 per cent of the 1929-31 average for the month taken as 1@0 per cent, from 111.0 per cent in June. In July, 1938, the index stood at 108.0 per cent. “Weather conditions generally were favorable to store trading, and sales of apparel and shoe chains, which respond quickly and fully to this factor, were especially brisk,” the publication said.

BUSINESS AT A GLANCE

By UNITED PRESS

American Agricultural Chemical Co. (Delaware) fiscal year ended June 30 consolidated net profit $764,694 equal to $1.22 vs. $1,401,075 or $2.23 previous year. American Stores Co. period July 3 to July 29 sales $8,520,118 vs. $9,222,298 year ago, off 7.6 per cent; year to date $64,276,694 vs. $63,426,189 year ago, up 1.3 per cent. Armstrong Cork Co. (including domestic and foreign subsidiaries) 6 months ended June 30 net profit $1,586,337 equal to $1.05 a common

Ag onneetiont Light & Power Co. 12 months ended July 31 surplus after charges, taxes and preferred dividends $3,727,370 equal to $3.24 a common share vs. $3,560,815 or $3.10 previous 12 months. Electric Power & Light Corp. June quarter and income $154,641 equal to 21 cents a share on $7 first preferred and 18 cents on $6 first preferred vs. $757,442 or $1.03 and 88 cents respectively year ago. Ohio Bell Telephone Co. July station gain 811 vs. loss 636 in June and loss 1,685 year ago; 17 months gain 23,795 vs. loss. 2,882 year ago. Real Silk Hosiery Mills, Inc. and subsidiaries 6 months ended June 30 net profit $63,558 vs. net loss

DAILY PRICE IN DEX NEW YORK, Aug. 17 (U. PP). Dun & Bradstreet’s daily weighted price index of 30 commodities, compiled for the United Press. (1930-32 average equals 100): Yesterday et esiree tase 102.14 Week ago se sce fesrennces 102.22 Month 880 ...ovneecerassness 102.20 Year ago 103.98

tees bbosce

1939 ll 248) . ava vine as 10140

H HOME SHOW

‘ didiie Architecture Cited;

show held in April made public |

the show, another for the best dra-|

Finance—C. C. Weiland, chair-|

FOR CHAIN STORES Gis &®

over both the preceding month and |Z the Chain mp O Can

v womEN and a chiLbuy| :

WEEKLY INDEX OF TSS TREND

PREPARED BY ADMINISTRATIVE AND RESEARCH CORPORATION 1926= 100 2

Tr EE

Trt rT Ve -

gosta ate a tes edas logy

poate arly hada ldededd pag

JAN, PED.

MAR. APR. MAY JUNE JULY AUG.

"SEP, OCT. NOV. DEC.

LOCAL BUSINESS

Indianapolis bank clearings for the week ended yesterday rose/nan

sharply above the preceding week's figures and remained above the total: for the year-ago week. Dun & Bradstreet, Inc. reports that national clearings ‘made a like gain for the fourth successive week. ‘Indianapolis clearings this week were $18,224,000, as compared with $17,120,000 last week and $17,047,000 a year ago. Total check transactions in 22 other cities, tabulated by Dun & Bradstreet, were $5,033,164,000 against $4,674,850,000 in the 1038 week, or a rise of 7.7 per cent.

Furniture Firm Leases

College Ave. Quarters The Rainier Furniture Co., newly organized, has leased the first floor and basement of the building at 4214 College Ave. Klein & Kuhn, real estate firm, announced today. The furniture firm will open in its new quarters about Sept. 1, after remodeling and redecorating the rooms, it was announced. Louis O. Rainier is head of the firm, and has been in the furniture business in Indianapolis for 12 years. The property has a frontage of 52 feet on College Ave. and is 70 feet deep.

Marion County Milk Prices Listed for August

Milk prices for the delivery period of Aug. 1 to 15, inclusive, for dis-~ tributors in the Marion County Area, were announced today by Leon C. Coller, milk administrator. They are: Class I, $2.18; Class I-b, $1.60; Class II-a, $1.32; Class II-b, $1.22; Class II-c, $1. 18, and Class III, 99 cents. The prices are for milk of 4 per cent butferfat content.

Delco Remy Distributors Hear Firm’s Plans

Production, merchandising and advertising plans of- the Delco Remy Corp. for the coming year yesterday were explained to 75 distributors and salesmen as the firm celebrated its 10th anniversary. . The meeting, an all-day affair, was held in the Hotel Antlers. George Hall, manager of United

actory representatives present were L. W. Martin of Detroit, as-

Motors Service, Inc, was in charge.| Fgh F. F'

sistant sales manager; Walter Noo- , assistant battery manager; F. G. ‘Kroeger, general manager; Lyle Drown, battery representative, and C. W. “Jessup, production manager.

1940 Hudson Automobiles

Previewed Here

A preview of the 1940 model Hudson automobiles was given Indiana dealers serviced by Ace Motors, Inc,, at a meeting yesterday at the Claypool Hotel. J. W. LeTourneau, president, and W. H. Schmelzel, vice president of Ace Motors, were in charge of the session. Features of the new line of ‘motor cars were pointed out by G. H. Pratt, general sales manager of the Hudson factory. Mr. Pratt emphasied entrance into the low-priced field of a new Hudson Six and a new low-priced Hudson Eight. Other factory officials at the preview were W. A. Baker who discussed used car merchandizing, and C. 'W. Treadwell, Hudson regional manager,

INCORPORATIONS

The S-M Corp., Indianapolis; ii Cap: Bridgman Dairy Co. 1224 itol Ave,, ingisna 1is: Er ont. Caries » Brid man, same address; s of $100 par value; general De, 00 Shares Charlés D. Bridgman, Bernice H. Bridgman, Ancil J. alker armers’ Egg Pr odie cers, Inc, ines St. dianapolis; Caldwell, same address; Boon to organize an association of sons engage a production of e a al Tomiingon, Charles Howard, W. aldwe Motor Club Insurance Agency of Indiana, 1% Shans e of agent io harles E. Hobbs,

ave. 5302 Calumet same address; stock,

g M. ar value e al f Pe 3% Tr ue jek ee Fachurvaid, ari Reitz, business: © Relts Dug; Mutual Telephone Co., final dissolutjon

Ave. Ha PO rh

lution, & L. Tavern Corp. 401 Adams St. Gary: agent, Harry Riley, same address; stoc! 1 res no par value; geperal restaurant nes arry Riley, ary |v Healy, John C. Mu! ullen. . The Committee for Emalicipation Golebration, Inc., 2651 Adams St.; liam: L, stock: sponsor a celebration to. be held in Lake County in commemoration St Emanel. pation: Day; ifliam Douglas, Steward H. Fields, J John D. Smith, Arhor Realty, Inc., 21 N. Catherwood Ave., Fhdinnanclis; agent, Earl C. Tow! send Jr., same address; capital stock, To hares no par value; general real estate ohn Townsend, Earl C. '] ownsend, Earl C. Townsend Jr., ess K. To!

d Ace Advertisers, Inc., 508 Oule Sta gers Haute; ent, illi m 6th St., no par value; general 3 adyertisin busine. William P. Ijams, J. W. Ijams, william

an. Cayuga Miiling Co., Inc., Cayuga; Tegis-

Class 4

Douglas, same Tadroas: vg capital

business;

jfauon of trademark “Vita-Pep,”

Curb Stocks

Net, Last Change 27% 7 —1-1

6% — ¥

AIT a — 4% 78 i,

Cyan B . Sieh tis Sr He

— see - a

Crown Drug . Ee G&Fu pr pf 231 El B Sh ST of ea

HL: +

SESE as Ee

Mead Ji at

Niag H Pw pac GE 6 bt pénnroad

480,806 ENDOWMENT POLICIES PAID IN 38

NEW YORK, Aug. 17—Life insurance -companies of America in 1938 paid out a total of $17,832,830 to living policyholders on’ endowment policies which matured in that year, according to a compilation by the Annual Message of Life Insurance Committee, released today. “These payments marked, for the holders. of the 480,806 endowment policies who received them, the successful completion of savings-insur-ance programs started 10, 20 or more years ago,” Joseph C. Behan, chairman of the éommittee, said, in announcing the figures. Of the payments on matured endowment policies in 1938, $130,938,276 went to holders of 116, 656 ordinary life insurance policies, $42,851,402 to holders of 364,122 industrial policies and $43,152 to holders of 28 group insurance certificates.

ENGINEERING AWARDS DROP 18 PER CENT

Engineering construction awards amounted to $60,851,000 in the week ended Aug. 17, a drop of 18 per cent from the preceding week’s total of|pe $74,434,000, but a gain of 37 per cent | Jat over the corresponding 1938 period’s| 4 aggregate of $44,479,000, Engineering | |

| News-Record reported today.

For the year through Aug. 17 volume aggregated $1,921,456,000, an increase of 16 per cent over the first 33 weeks of last year. Private construction awards for the latest week reached the fourth best volume of the year at $22,350,000, or 16 per cent higher than in

period’s total of of $8, 117,000,

Colonial Thrifty Savings counts are Insured Government Agcy. up to $5,000.

Golonis “Savings & Loan

Association MEMBER DERAL SAVINGS LOAN INSURANCE CORP

RATS N 28 South. filinots 8

—

Ac-

U. S. GETS 1,670,000

NEW YORK, Aug. I A 17 (U. PJ). —ig

~ BALES OF COTTON

: WASHINGTON, Aug. 17 (U. PJ). —Secretary of Agriculture Wallace announced today that the Government has acquired title to 1,670,000 bales of 1934 loan cotton. This will be used to complete the cottonrubber barter deal with Great Britain and make delivery on sales to Spain, France and Switzerland. The ‘Commodity Credit Corp. obtained the cotton by closing out loans averaging 12 cents a pound for the 1934 cotton. Carrying charges and interest on the cotton will bring the total cost to the Government to approximately 16 cents a pound, it was estimated.

COPPER MEN HOPE FOR RISE IN INCOME

NEW YORK, Aug. 16 (U, P)i— The likelihood of earnings of copper producing companies rising to the best levels since 1929 was foreseen today in a study of “the present position of the copper industry,” madé public by Hornblower & Weeks, members of the New. York Stock Exchange. The study, summarizing financial and operating data on three leading copper producers, Anaconda, Kennecott and Phelps Dodge, included a

tween the trend of copper sales and the prices of the stocks.

NEW YORE, Aug: ing Bie are opening ca

17 (U. P) ~Followie Gr Sl on Wajor ug

ras SH

ses 2% = © oil Ate). 4.87 vie I +.00 118

the preceding week when the total| {was $15,725,00, and 176 per cent greater than the corresponding 1938]

Grin Dealers) Mutnal

FIRE — CASUALTY AUTOMOBILE INLAND MARINE INSURANCE at

substantial savings

Ee hl l—"m—mu_-r—EHP

Bowen-Barker Co., Kokomo; final —

chart showing the correlation be- PRICE—Elnor

FOREIGN EXCHANGE| hortes

: {Card of Thanks

: Funeral Directors

~ TONIGHT 6: 6:00—Rudy V. alleé, WIRE. % wine

7:15—Toronto aot, 8:00==Columbia Work 9:15—Music by Maineck, Tonight will be be memorable for two new on CBS-WFBM, and the return, after an absence of two years, of Jessica Dragonette. The new are Jim Mes

programs williams’ Ask-It Basket, off the air six weeks, and John Hix’ Strange

‘As It Seéms. The Basket is heard

at 8 o'clock and Mr. Hix! program well- Xriown an-

1at 6:30.

Alois Havrilla,

| nouncer, wil emcee the latter pro-

gram. He's something of an oddity himself. He was an immigrant at 5 and couldn't speak English. He won the American Academy of Arts and Letters Digtion- Award in 11935.

Miss Dragonette was prima donna

for several years with one of radio's

leading sponsors. Before that she was .a musical comedy and light opera star. Her program airs at 6, NBC-Blue. Harold Sanford, who was Miss Dragonette’s first, cons ductor, will welcome her back. . .

F.|The James O'Neill version of Alex-

ander Dumas’ “The Count of Monte Cristo,” is the Lost Play for tonight, 7, NBC-WMAQ: It was turned over to Lost Plays by Eugene O'Néill, more famous son of a famous father, The younger Mr. O'Neill played. in - the original company when his father put him to work instead of giving him the loan he asked for. . . . At the Columbia Workshop Festival at 8, WFBM, a

once predicted couldn’t be adapted to radio. It’s Wilbuf Daniel Steele’s “A Drink of Water.” It was supposed to be too morbid. -

” 2 ” Carmen Miranda again will guest Rudy Valiee'’s S DevEam tonight. Also attending will be Walter O’Keefe, the New ou Wn Billy, and Lou

Holtz. Bela Blau will be inter-

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Judith Arlen Varieties Bohemting Science Piling Bee Soeaks raters’ rum

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Rudy Vallee : : »

F. I Symohony

Mugio Hall

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Workshop American Views chair :

play will be revived which critics |;

MaeMurray

~ ON THE RADIO:

He's a Broadway shows man big ‘has been directing summer stock. . . . Brian Donlevy, who made a hit in “Beau Geste,” is the guest star along with Lotte Lehman, Metropolitan Opera diva, on the Music Hall. Jean Cagney, Jimmie's little sister, will be there too. H. Yvon Delbos, former French Foreign Minister, will speak from Paris at 5:45 p. m., NBC-WLS. i 8 =n ” ; There is talk of another dispute between the radio stations and the National Associatiori’ of Composers, Authors and Bublishers, better known as ASCAP. ASCAP was formed to check the number of times any .song written by one of its members was used. The user then pays royalties to ASCAP.

|The royalties are divided between

the songwriters and the publishers. | The National Association of Broadcasters now claims “gyp” and announces it will find “other sources of music.” Currently there is an argument about a new contract between the two associations. - The broadcasters want to pay less royalties. The feel= ing is that since radio would have a very difficult time finding its “other sources” the dissension will be short-lived.

8 ® =

The first part of Symphony No. 8 in E Minor was to be played at 2:30 p. m. today on Ward Glenn's recorded music program on WIBC. The concluding portion will be played at the same time tomorrow. « . Music When You Want It brings Jascha Heifetz in violin solos. Among other things he plays Dee bussy’s Prelude to “L’Enfant Prodigue.” . . . Edwina Eustis, American . contralto, will be soloist with the Toronto Promenade Symphony ors= chestra. at 7. NBC-WENR. Floyd I. MacMurray, State Superintende ent of Schools, will be heard at 7, WIRE. The Toronto Symphony comes to WIRE at 7:15,

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"KEY NETWORK STATIONS (Subject to change): MUTUAL—WOR, 710; WHK, 1300: WHKC, 640; CKLW, 1030; WSM, 850, NBC-BLUE—-WJZ, 160 WOWO, 1160; WLS-WENR, 870; KWK, 1350. : WTAM, 1070; WWJ, 920; OBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 11090; WBBM, 770."

WMAQ, 670.

Deaths—Funerals 1 Indianapolis Times, Thurs., Aug. 17, 1989 BRADLEY—Addison. Ee 78, JJushand of | Dorothy. A. Jasse away | fdnesagy, ag turday, a HAP ne at 1

bh. "Burial wa En ark. en may call at ; chapel after 1 p. m Friday.

LEIS—Rose, Sopher { Keystone and Na- | tional Ave., wife 0 Fred Kleis, mother f Alice 8 ihett, arold, Del Ta eis, passé awdy n. Funeral, turd

fe. so Bropect Sits frjends e funeral home Stier 13 or 13 %

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years, . widow of oe. Stn of Misses Lilie and

Henry Pr Clara Price, ass Wa, UTS at on Ge. 118) Hotcher’ Vv

A Er on Mrz Geiger of “hohe TF Friends at the residence any tim a I

.. Libba Bk pid t Ss usl Eirpls and Helorrhad ehcsh, i Place of Fiermant 8 voy Mig OLIN

SHOOK — Bertha Malle, Jud away in South Ham pton, N. ug. 1 iends may call at the a B Y Friday svening nd until

aturdas servi Ha Site Methodist: Shure h LP g oR Burial Tipton, Ind.

SNOD Y-=Cieo Ww, hush d of Susan

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WALTER T. BLASENGYM FUNERAL HOME __

| IR-1150 ie

. beloved sister of of Yilllam p

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dos | CATHOLIC, white,

Deaths—Funerals 1

"BERT S. GADD * |

2130 Prospect St. DR-5301

GRINSTEINER'S

1601 E. NEW YORK PERSONAL SERVICE

HISEY & TITUS

RI-5374

G. H. HERRMANN

1505 8. EAST ST. MOORE & KIRK

CH-1806 SHIRLEY BROS. CO. 946 .N. Illinois St. LI-54 J. C. WILSON

1230 Prospect St.

DR-4477

TA-6056-8

DR-0321 DR-0322

Florists & Monuments 6

L S A Large Seléction Priced as Low as $3.00

24 Delaware Flower Shop

2022 N. Delaware BY. CRIl1

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d, black and white, collar with name plate:

Marion Ave. Rew

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