Indianapolis Times, Indianapolis, Marion County, 29 August 1939 — Page 13

TUESDAY, AUG. 29, 1989

HOPE FOR PEAGE BRINGS ADVANCE

Better Demand Noted in All| Markets; Gains Run To 3 Points.

NEW YORK, Aug. 29 (U. P).—|A The stock market made a quiet advance today along with markets of Europe. Prices rose fractions to nearly 3 points and most of the gains held.

widest gains. Du Pont was at 1603, up 23%; General Motors 46, up 1%; Chrysler 807%, up 2; U. S. Steel 48, up 1%; Bethlehem 60, up 1%, and Union Carbide 80%, up 23%.

American Smelting reached 43%, [Sa Pag Selinése 23% 23

up 2%, pers; points and Johns-Manville had a good runup. Electrical equipments and mercantile issues gained a point or more. Consolidated Edison and Public Service were prominent. Rails held gains ranging to more than a point. Better demand for stocks and bonds in world markets was interpreted as reflecting a more hopeful attitude on peaceful settlement of the Danzig problem. Market experts said the markets had no news not available to the general public and admitted that the situation continued grave in appearance.

HOG PRIGES UP 107015 GENTS

Vealers Remain Steady; Spring Lambs Rise 25 Cents Today.

to head a rally in the cop-|

Hog prices at Indianapolis today advanced 10 to 15 cents, according to the Agricultural Marketing Service. The top price, quoted on 220 to 230-pounders, pushed up to $9.95. Al few offerings made an extreme top of $7. Vealers remained steady with yesterday’s quotations, the top price holding to $10.50. Spring lambs advanced 25 cents to push the top price to $9.25. Top Repts. $ 6.85

€.85 6.93

Aug. Top 23 ..% 6.30 2 ... 6% 23 6.55

Repts. ‘Aug. 33%! 26 ... 608% 28

6000 29

1000 193 91

Barrows and Gilts and

Packing Sows Good y

3d shod Choice— $ 6.25- 6.50 6.00- 6.35 5.85- 6.25

6 6.00 | 5% S.

3.285.00- 5.35

50. 95 450- 500. R

Slaughter Pigs 5 Medium and Goo 250- 500

455- 6 B 90- 120

3 ES Medium. : 65- 6.7 160- 200 Slaughter Catt Steers

Talons (Receipts, 2272)

Bulls Choic { Yearlings excluded) 750 0 $ 950-1000 Beef— ! 9 00- 9.50 Good $ 6.25- 685 875-9 R Sausa 6.25 7.00 5.75 6.50

or 5- 5.75

750-1100 1100-1300 . OMMON == - = 750-1100 25 ull .. > 50 | t

(Receipts, Feeder, Stocker Cattle Steers 10-500 § 8.35. 9.00 780. 300 § 9.50.10 0 800.1050. = 8.75- 9.28 750 900. 8.5. 950.000 900! Medium— > 800-1050 8.00- 8.7 ou. 200 25-10.00 \redium— OMMON we | ommon 500-1000. 9.25. 8.25 | 6.50- 7.50 ws

Heifers

Choi

8.50- 9.50 Common—=

500- hg | Cows Medium ® good $ 5.25- 6.00

..$ 6.25 7.00! Medium 5.75- 6.25 soCalves (steers)

Cutter and 5 - 495. § t5ivco down $ 8.25- 9.25 t

3.50- 4.75 Sopdown 8.00: 9.25 | - . Calves Qitter) 3.75- 4.55 500 down § 8.9501 0.00 Medium— 500 down 7.50- 8.75 SHEEP AND LAMBS (Receipts, 2228)

Spring Lambs

Good .

cutter)

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

Good and choice “iabanues Common and medium.

2.95- 3.25 2.00-

" t

Hogs—Receipts, 11 000; early tradin

Adams Exp .... Air Reduc

IN STOCK all

at Rebunee ‘.r

Atlas Corp pf . Aviation Corp..

Bald Loco ct. Balt & Bay A Cig Bendix Avn ...

Steels, motors and chemicals made Beth Steel

U. S. Rubber gained nearly 2|Geriainte -teed Chrysler

Colum Gas .... Com Inv Tr ... Com Solvents .. 10 Comwith Edison 3% vv 31

Curtiss-Wr Dome Mines ...

East East Eaton Mfg . El & Musie Ind

Gen Gen Gen ‘ava Gen A. ! 5 AEN Gen Gen Gen ‘ Gen & R.... 1 g Goebel Brew ... “ } Goodyear 4 N Granby, . . Gre Eee Gresnond Cp .

Hat Cp pf ww Hecker roa es 18

Hudson Motor .

Il Central 3] Cent pf .... Intpirain Cop . Hyd El A...

Kelsev-Haves 62 82 4 Kresge SS 8 | {

Lehman L

Loft Inc Lorillard

Martin Gl May | McCrory | McGraw El Mident

Mor & Motor Whi

dition,” dissension over “competitive bidding” and private placement of bond issues, as well as}

land exchange commission, ment banks are kept alive only by | a humdrum business in municipal | bonds, operations, the article said.

employed and billions of idle or rela-|

the investment banker cannot con[trol the forces of capital formation, 2.75 he may stimulate them, just as he {stimulated the processes of integra-

CHICAGO LIVESTOCK |tion in the twenties. He may do

N.Y. S

wy Net Low Last Change 73% 7% Ys 52's 52%

| - i TY a!

HHH

1 Mac ch & Fdy 1 Roll Mill..

1634 18% 106% 461% 3%

— = =

18% 10615 84% 3%

1 Ref pf A.

Dl IEEE

A ee

urroughs

3'%

Pacific of 118

a EEE

erro de Pasco. 34% 341 3%

8 80%4 3814 607%

6% 401%

10 29% 31 2 934

39% 21% X

hi Gt W Ry...

A Pi grt : PERE

Aes

Air Lines Kodak .

2 Month ago ..

TOCKS

ed Press

DOW-JONES STOCK AVERAGES

830 INDUSTRIALS sesssseassasees 135.0% vesiasensaasess 148.36 Year ago ...:suuuin sauassss 138.28 High 1939, 154.85; low, 121.44, High 1938, 158.41; low, 98.95. 20 RAILS sesserseneseases 20.4 29.26

-=1.73 +2.26 +0.10 +1.20

Yesterday Week ago ...

«0.86 +0.38 +0.05 +0.21

Yesterday Week ago ... Month ag0 .seevttsninnsnuans Year ago High 1939, 34.33; low, 24.14. High 1938, 33.98; low, 19.00. 15 UTILITIES Yesterday Week ARO +. vousssssntssvens Month ago ...... Year ago High 1939, 27.10; low, 20.71. High 1938, 25.19; low, 15.14.

Net High Low Last Change

we Nr NCh & St L .. 143% ash-Kely “Ww. at Aviation .. 8 Nat Biscuit ... 25 Nat Dairy ..... 153% Nat Dairy nf B 110% Nat Mal & St C 16_ Nat Pwr & Le . 87 Newport Ind .. 10'4 N_Y Central .. 13% NYC&StL of .. 244 No Am ov 223% . 14% 84 4%

+ % +

Norwalk T

Omnibus Otis Steel

- No

Pac Coast Pac Coast 2 of. Packa Panhandle “iv param. Piet ... Pat he Film ....

Penn RR Blelfrer-} Brew cl

EE C1

» ~~ ~~

RS ps

Pi =e

Paar

“Tr DTH OS er LIC «F WE

fot bot 43 BT #

Phen $ Poster Wheel i 15% | Freept-Sulphur. 21 21 1

Cable .... Electric ‘es : 3

| aS

“1p |

<4 3" el

KX Ye! EY |

Nickel P&P . pf

P & T . T For.

Johns-Man

3% |

—s

i 8 bw 1p 8 ie os

22 451%

-O-F Glass ...

TE LE o « ~

2 to i2 ve ti vo. 28 14

Pet Ess

pr BD rt BF pt ol 85 -

BF et 83D DO

- -

St Jos Lead ... Schulte R

Sears Roebuck. | Snider Pkg . {South ry “haan Ry 1 South Rv pf .. Sperry-Corp .. Spicer Mfg .... 2 Spiegel JR ‘evs Std Bran Std G & E 7 ot Std O Cal 25 {Std Oil N 3 Sterl 73

FH HEHEHE + +

Tide W a Ou. | Timk-D A . [Samken I} EB Transamerica .. Trans & West A

. 42% 93%

Union Carb ...

SHERI HE LE FEE

4 10: Un Stk Yd pt

| Walgreen ...... Warner Bros . Waukesha Mot. West Air Bke.. Westing El Westvaco .. Westvaco 5 pt. | Wheel Steel ... White Mot | Woolworth ‘iv Worthington

Yellow Tr . Young S & W. Young Sheet ..

3% | 13

Fhe FREE HEE

- a

Zenith Rad 8%

Sell New ass Plea To Investment Bankers

NEW YORK, Aug. 29 (U. P.) —The investment banking business must

Handicapped by a capital market | hat “rarely has been in worse con- | and badgered by internal | the question of

he requirements of the securities!

invest- |

plus occasional refunding |

“With some 10 million men un-|

{

ively idle funds on hand, the prob-|

lem of 1939 is to bring the capital] market back to life; money—equity money, risk money— flowing out into industry. in this light that the investment) banker can be understood today.”

to get new;

i i { { i

It is only |

The article concluded that “while

his in various ways. He may travel

turn to selling “the excitement of the possibilities of a new America” if it is to survive, according to an article appearing in the current issue of the magazine Fortune.

New Business Books Available at Library

The following new business books now are available at the business branch of the Indianapolis Public Library:

LEO LS) GROUP LEADER'S GUIDE T ROPAGANDA ANALYSIS —Comp. or tine for Propaganda Analysis, Inc. “We all need to know so much more than we do about the forces which mold public opinion.

MANUAL FOR EXECUTIVES AND FOREMEN-By E. H. Schell and F. F. Gilmore.

How to add five to 10 vears to the careers of executives, supervisors and foremen,

SUCCESSFUL REAL ESTATE ADVERTISING—Comp. by National Real Estate Journal. The real estate broker's seven mediums of advertising are: Classified. signs. direct mail. general publicity, radio, theater and window dis plays. YOU CAN DESIGN—By W. Reiss and A. C. Schwitzer. “Let vour talents develop and break

down ehe barriers of timidity and hesitation.”

4 the American Institute of Public

s | tinence as well as economic inter-

‘ling bill will retard the progress of

ae interviewed were:

1; | undecided or thought business would + be “about the same.”

PEACE REPORTS

: Chicago

5 Wheat declined more than a cent on

The Gallup Poll—

Shows Two Out of Three Persons Expect Upturn in Business by Fall

‘Bullish’ Attitude Taken By Average American Toward Trade.

BY DR. GEORGE GALLUP Director American Institute of Public Opinion, PRINCETON, N. J, Aug. 20.— The public's confidence in business recovery is merely one factor affecting business prosperity, but an interesting experimental study in the public’s psychology indicates today that the average American is “bullish” for the coming fall and winter. The survey, just completed by

Opinion, shows that nearly two persons in three with opinions on the course of business between now and March expect it will be “more prosperous,” while only one in three says

INSTI E ropuicTopmuos

“less prosperous.” The Institute asked: “Do you personally expect business conditions throughout the country to be more prosperous or less prosperous during the next six months than they are now?” The question has political per-

est in view of President Roosevelt's recent statement that the failure of Congress to pass the lending-spend-

recovery. The answers of men and women

.. 64% "aus . 36% three was

More Prosperous .......... Less Prosperous About one voter in

2 = =

OST confident group of all in the population is the business group itself, the survey shows.

THE INDIANAPOLIS TIMES

a nw.

PAGE 14

Public . .

. “Better Business Ahead.”

Business men were 69 per cent of the opinion that general conditions would improve, citing as their reasons ‘general business indications,” “the seasonal upturn” and “better farm conditions.” Many commented that the Government “always tries to help business conditions when an election is coming.” Farmers were less optimistic, however, only 58 per cent expecting better conditions in the next six months, Sectionally, New England voters show the greatest confidence in the coming months, while Mid-West-erners show the least: More Prosperous. Less . 80% 20% 66 34

61 39

New England Mid-Atlantic ..... East Central

West Central .... 55 45

South c.ccevvevee. 72 28 YWeSt ....coesessss 63 37

How important the public's estimates of advance business conditions are, is still to be determined. In October, 1937, immediately after the stock market plunge, 64 per cent of those interviewed in a similar Institute test forecast better business conditions by March. Although a seasonal upturn did take place at Christmas time, the general trend of business conditions, according to stock and commodity indices, was lower. In February, 1938, however, 178 per cent of those with opinions said they expected better business conditions in the following six months, and this trend was actually observed in securities, employment and purchasing.

DEPRESS WHEAT

Quotations More Than Cent; Corn Also Is Lower.

CHICAGO, Aug. 239 (U. P).—

the Chicago Board of Trade today, [reflecting weak outside markets and prospects of a peaceful solution of the European crisis. At the close wheat was off 14 to 12 cents, September, 667 cents, corn was off 3 to "c cent, September | 435% cents, and oats were 14 to 1: cent lower, September 297: cents. Opening quotations in the wheat pit were about a cent lower. More favorable reports from abroad, weakness at Liverpool, and a strong opening in the stock market stimulated selling. Most traders were inclined to look for settlement of the Polish-Ger-man dispute without war as overnight developments seemed to indicate a lessening of the tension in Europe. Corn was lower in sympathy with wheat. There was some liquidation

| wheat against sales of the deferred

of September corn contracts. But some traders bought September

months,

WAGON WHEAT Indianapolis grain elevators are paying {for No. 1 red, 6lc; other grades on their merits, Cash corn, new No. 2 yellow, 45c. Oats, 29c.

LIVERPOOL WHEAT

High Low Close Prev. Cl.

$.50'2 $.50% 8.54% S1% 52 541, 52% 53 551% |

BUSINESS AT A GLANCE

By UNITED PRESS American Sumatra Tobacco Corp. and subsidiaries fiscal year ended July 31 net loss $294,695 vs. net in-

Dip |

Today's Trade Notes

NEW YORK, Aug. 29 (U. P).— The International Copper Cartel may remove all production curbs in view of the heavy armament demand for the red metal, informed quarters said here today. These sources pointed out that even England, despite vast British owned mining enterprises, has been forced to enter the United States market for copper because of shortage of supplies in Europe. In addition, France, Germany, Japan and Poland have made inquiries for American copper. Present output by members of the cartel is limited to 105 per cent of standard, a level to which production was raised last Aug. 16.

British Rubber Stocks

Cut 10 Per Cent

LONDON, Aug. 29 (U. P.) —Trade quarters disclosed today that Great Britain's rubber stocks were reduced by more than 10 per cent last week, principally because of heavy German buying before the British ban on commodity exports became effective.

Burlap Sacking Sales

Lose Ground

NEW YORK, Aug. 29 (U. P).— Intensive promotion of cotton as a substitute for burlap has sharply reduced the monthly average of

United States burlap consumption, a survey of the burlap trade disclosed today. In 1937, an average of 100,000,000 yards of burlap was used in this country monthly, but indications now point to a consumption this year averaging only 65,000,000 yards per month. Although cotton constitutes the main threat to burlap, other products such as paper also have captured some of the markets formerly held by burlap.

Tire Sales Forecast

Is Optimistic NEW YORK, Aug. 29 (U P.).— Tire sales this year will top 1938 volume “by about 13 per cent,” according to the current issue of the Financial World. “Indications are that the tire industry will chalk up 1939 as a very satisfactory year for replacement sales and a better year than 1938 for the less profitable original equipment business,” the publication said. Replacement sales in the first six months this year were reported as 17,500,000 casings and the year’s total estimated at 32,500,000 casings compared with 30,300,000 casings in 1938. Original equipments sales for the first half of 1939 amount to 9,200,000 casings and the year’s

total estimated at 15,200,000 com-|g

pared with only 11,500,000 in 1938.

LOCAL BUSINESS

For their part in boosting August An

new car sales of Jones & Maley, Inc, De Soto and Plymouth automobiles, 15 salesmen, accompanied by their wives, are spending the week at the New York's World Fair. The trip will end next Sunday. August sales, according to A. R. Jones, president, will be approximately 60 per cent over the same

Corn and Wheat Region Official Weather

Aug. 29, 1939

Hours Po .

Wheatfield . Rochester .. Marion Lafayette . vee Sanbridge City ees Columbus Vincennes

Ft. Indianapolis . Terre Haute ...

Evansville PtCldy

TONIGHT

6:00—~The Human Adventure. WFBM. 6:30—Information Please, WLS. 7:30—Alec Templeton, WIRE. 7:30—Bob Crosby, WFBM.

Sir Anthony Eden, former British Foreign Secretary, will speak at 5:45 p. m. today from London, NBCWLS. NBC also offers Miss Dorothy Thompson at 6:30, WIRE. This is one of a series to cover and interpret the latest international happenings. H. V. Kaltenborn will make the last of six broadcasts from Europe at 8:30, CBS-WFBM. He speaks from London and will leave tomorrow on the Yankee Clipper for the United States. ” ” ” Gabriel Heatter's We the People will celebrate its third year on the air at its broadcast at 7, CBS-

» THIS EV

nouncements caused by station changes a INDIANAPOLIS WFBM 1230 (CBS Net.)

Troubadors Tea Topics

Judith Arlen

Christian Science Ted Husing History Speaks News

4 (NBC Net.)

Basonology Ma Perkins Dick Reed Varieties

Spelling Bee Quicksilver gov, t. Re ort

nn 2 5853

Human Adventure

”» » ” " 40 Plus Club Crumit,

Aleg Templeton

We, The, People Crosby's Or.

welled | ADD | ATTN

Mr, D. A Doghouse

H. Kemp's or. AH. V. Kaltenborn Armchair

Amos & Andy N.E. C. Program Good will

Pleasure Time Tribe vs. Blues

News Dick Reed Musio in Night Tribe vs, Blues Roller Derby a n Krupa's Or, Prima’s Or. Felton’s Or, » » ” Powell's Or.

WEDNESDAY

B| 8253585315858! 5858 5358| 5353

3323 ones |rxns

Recordings » ’

th hf | fd, pd J

50 Tow

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

(NBC Net.)

Devotions Markets ”» Tunes & Tips » ”» ”» ”» ”» » ” Motning News

Ku Man I Married hx Other Wife war or

Plain Bill Stepmother

358

ar | Seas Han

David Harum Lorenzo Jones Widder Brown Road of Life

Romanelli's Or. Dessa

Roundup 1 Scattergood Big Sister Life Stories

Joyce Jordan A Girl Marries Farrell's | Kitchen

S| POES wwe sslra] Be

3| 535.

Linda’s

Echoes Singin’ Sam " ” Dr. Malone Farm Circle Farm H "» » Mo rrets:

Betty & Bob

Farm Bureau Melodies Bohemians Light's Or.

Nayy Band

Valiant Lady Betty Crocker

WIRE Reporter Headlines Jepper Young ing Light

Backstage Wife Stella Dallas io Sade

Midstream

Kitty Keene Rotlinks i Dance De ‘or.

Basonology Ma Perkins Dick Reed Varieties

Serenade - ”

State Fair eho! Dance Tim

Blue Grass ”» »

Dr. Susan Carlyle Stevens Miss Julia

Brooss Ballads Tea pics

Judith Arlen

Johnny os 8 Dorothy Thompson Information Please Eugene | Conley

Sanderson Artie Shaw

INDIANAPOLIS INDIANAPOLIS WIRE 1400 WIBC 1050

Woman in White

Byrd Editor’ Ss "Daughter

"Weather

Grimm's Daughter

ON THE RADIO

WFBM. Former guests, including the widow of the notorious “Dutch” Schultz and David Statler, 8=

year-old novelist, will be reinter= viewed, . . . Paul V. McNutt will substitute next Tuesday for Fulton Lewis Jr., Mutual Washington com= mentator, . . . The Inside of Sports will pay tribute to and tell the story of Monty Stratton, Chicago White Sox pitcher whose leg was amputated before the start of the 1939 season. . . . Johnny Presents offers Betty Garde in “Hidden Treasure,” one of the “world’s greatest stories” at 6, NBC-WIRE. Johnny Green's orchestra will be there as usual. . . . Johnny Mercer gives the news in rhyme from Bob Crosby's band program at %:30, CBS-WFBM . , . the inside story brings to the mike Elmer Layden, All-Stars coach, Steve Owen, New York Giants professional football champions coach, and Arch Ward sports editor and promoter.

» # ENING

(The Indianapolis 'fimes is not feshonsible SOF A 2remaciey in program ane

INDIANAPOLIS WIRE 1400

CHICAGO WLS-WENR 870 (NBC Net.)

El ,Chice

Serenade Sports

Easy Aces Lost Person Rhythm Fables Anthony Eden

News S

CINU INNATI WLW 7 (NBC-MBS) Institute Airliners | Lowell Thomas

Baker & Denton uick Silver Fisher's Or, Inside Sports

Johnny Presents

Crumit, Sanderson

True Stories Aleg Templeton

If I Had Chance Mr. D. A. ”» ”» » LL

Inside Story Dog, House Waring’s Or. This Is the Fair Fisher's Or. Ted Lioyd

Peter Grant Govt Revorts Hall r.

News Welk’s Or. Levant’s Or, »n »n Recordings ”» ”

Herth’s Trio Tucker's y Or. Waller's ,Or.

PROGRAMS

Moffitt’s or. Moon River » ”»

CINCINNATZ WLW 100 (NBC-MBS)

Mornin! Organ

Time to Shine

ews Gospel Singer Caravan Lollce Cups Man 1 I Married ul Allison

Pa Fashion Footlights Julia Blake Devotional Tex Owens

Reflections Linda's Love Hits of Today Vio & Sade Charm House Miss Julia Dr. Swing Road of Life

Friendly, House Editor's Daughter 4 The O’Neills

Melod News Castletim Farm Hour

Noon Fim » id ce of Farm School for Brides a Store Boy Greets Girl Livestock

Home Folks Betty & usio Grimm’ s Bot ster Bill Jones Valiant Lady Revelers Betty Crocker Musicale |

Prayer & Praise Sleepy Hollow

Breakfast Jam Today's ,,Musio

Time

Mary Marlin Ma Perkins

Pepper Youn Guiding Light Club Matinee Beautiful Life Midstream

Kitty Keene Day Is Ours Concert Woman Speaks

institute

Band Box Shut-in Friends Pianorama

Tropic Moods Concert Hour

Castletime Song Man Old Refrains Hawaiians Bargain Counter

Matinee ” ”»

Lowell Thomas

KEY NETWORK STATIONS (Subject to change): NBC-BLUE—WJZ, 760; WOWO, 1160; CBS—WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBEM, 770. MUTUAL-—-WOR, 710; WHK, 1390: WHKC, 640; CKLW, 1030; WSM, 850. NBC-RED-—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670.

WLS-WENR, 870; KWK, 1350.

Curb Stocks

Aero Sup B An Cyan B ... 2 Am L 8 Tr. Atlas Corp wis Braz L&P Brewster Aero.. Can Marconi .. Carnation Co.. Carrier Corp .. ities rv Cities Serv pf..

1 33% 11%

5 . 49% 29,

Ford C Glen et

| EC

Technicolor .. Un Gas Cp pt

HE FERRE

RITE'S CUT PRICE

WATCH REPAIRING

CLEANING (Any Watch)

weenenee 396 SPRINGS ..everanrennes 19€ CROWN. ...vaessesenesss BOC SRYSIASY ceri 398 Repair Work Guavesieed for 1 Yea

43-45 S. ILLINOIS ST. Between Wash. & Maryland Sts.

Here are REPRESENTATIVES

a a ST A cid

weights above 180 Ibs. 10@15c higher. and inquire. He may try a flier come $462,222 previous year.

month of last year.

sows showing more advance: Hehe | weights steady to strong: closing with of Fay advance lost; good and choice 80. 270 1 $6.75@ 7.08; top, $7.10; 270-300 1bs., $6 38% 268s. 270-360 Ib. sows [email protected]: a plighter weights higher, 360- 500 12s.

BE hecupis. 8000; calves, 1200; fairtrade on fed steers and vearrepresentative weights steady to instances 10@15¢ higher on strictly good and choice grades: top, $10.15, aging 1090 ibs r bulloeks, numerous loads, beral portion steer crop. $9 25@9 85: fed heifers, firm: ton, $9.75. most cows steady; bulls full steady practical top, $7. most weighty kinds, $6 65 él i vealers, steady: selects, $11: bulk, $8@ 10.30; stockers and feeders scarce and

scady. Receipts, 9000; late Monday spring lambs strong to 15¢ higher: Westerns. $8.40 8.65. natives, [email protected]: to 865: native slaught er ewes, $25043.5 ceding lambs, $7.7548.25; todav's trade Spring Tambs and vearlings active; 0c and more higher: 8.15: matives, $8.508.75; top. $885. medium to good yearlings $6.50% 6.85: native slaughter ewes, $3.2543.25 mostly.

OTHER LIVESTOCK

CINCINNATI, 8 P (U. P.).—HogsReceipts, salable, tot Bk Sao: n holdover: active, a 0e hi $7 250-275 lbs. $6 306 680. 100- 0 oer $5.10 @35.85. sows mostly $4504 Cattle Receipts, salable, *100: total, 400; calves receipts, salable, 350: total, 350; fresh salable supply small: steers, vear-|1 lings and heifers fully steady, cows and bulls strong: Seal lots good to strictly choice around 800-1075 Ib. 4-H Club fed vearli 50% 10.25 small lots 485-1b Soy eet $10.25; few heifers, @2.25: bulk common and medium and heifers, $6.25G8; common to good beef cows $550G6.50; canners and cutters mostly $3.5085.25; practical top sausage ls. $878; practical early top vealers,

$230 $0 oo Receipts, salable, 1000; total, alrly active, generally steady on Ig o supply; sales good trucked-in lambs, two lots strictly choice 77-81-1b. ewes 82a wethers, dium grades, $6G 8; changed, mainly $283

strong | Vesterns, $8.65@

choice $8.50 steers

$10; common and meoSaughver ewes un-

Market S@10¢ nek Ae-200 200 6 igher; 8 200-250_1bs.. $6.65G i Sasa sae. 380 3 ibs. $6.10%6.35; own: roughs 3 own. C G10. Lambs $875 down. ives.

FT. WAYNE, Ind,

$5.50. $5; stags, $3.75; calves, $10; lambs, $8.

See Final Edition of the Times

Closing Stock Quotations and Other Late News

DAILY PRICE INDEX

| Week Ago Month Ago .. Year 1939 High (May 26) ...cceevene 1939 Low July 24).

apolis Bond sent

Auto Invest Cor elt

6.85: 250-280 Ibs. | Prog

P) — (Van Camp Miik Co com 7 80: | Van Camp Milk Co pfd «civ 60

American Loan 5s 51 .... » American Loan 5s 46 Citizens Ind Tel digs 61 » | Crabbe Reynolds-Tayior a 42..

Kuhner Packing Co 4's EA 60". Morris 5&10 Stores 5% 36 100 Natl Silk Hosiery oh s 8 4.. Noblesville HL&P 6'2% se for Ohio_Tel Co 100 Pub Tel 4:7 55 88 Richmond Water Wks 57% 94. +190 12 yhour Water Wks T Haute W Tract Term ©

Market st tien

(now and then. And he may take every opportunity to spread a doctrine, not of recrimination against {the present restrictions, but of excitement in the possibilties of a new America.”

NEW YORK, Aug. 29 (U, P).—

Dun & Bradstreet's daily weighted | price index of 30 basic commodities, Be 2a value; compiled for United Press (1930-32 ment: javerage equals 100): 1 Yesterday «..oovvees

103.27) 102.97 | 102.81 104.51 | 108.02 101.40

Serres DE EEN) SEs RARER LR

Sess Es ea

LOCAL ISSUES

The following quotations by the Indianhare Corp. do not repreactual price offerings, but merely

ndicate the approximate market level

based on buving and selling quotations of | Lawrence Township, Marion County: recent transactions.

Stocks Ask | S4lp 50 82% 2

13 8%

Bonds

5% 49.. T Haute Water Wks 6% “oe "er Mie 6% 49..

FX -Divid Gend

Crist & Co.) ent Corp...20.06 20.26

Dev aney,

LABOR AND THE GOVERNMENT — Comp. my Twentieth Century Fund. An investigation of the role of government in labor relations.

INCORPORATIONS

The Fox Rig & Lumber Co, Oklahoma gorporation: admitted to Indiana to engage in rig, Garrick and other constiuc- | ugh for oil and as well drilling. Refrigeration & Heating Enugineers, Inc., | 5629 Calumet Ave, Hammond: agent, An|drew Porter, same address; 200 shares of selling and servicing reng and air-conditioning quip. Adrian W. Vermeulen, Theodo Vermeulen, Andrew Porter. Wid Beach Realty Co. Gary: amendof articles of incorporation and | per of x P. Condit, 563 Washington St., Gary, ot resident agent. es Whitcomb Lee, Indianapolis: registsation of trade-mark “Acid-Ease for Hyperacidity,” class 6: chemicals, medi{cines and arynkeeliical Ng Gary Shoe Mart, Inc. dissolution. Hamilton Amusement Cor Y indianapolis; final dissalution. rin-Von Allmen Dairy Co., Dela Corporation: certificate of reduction capita Orange County Rural Electric Membership Corp. Orleans: amendment of articles of incorporati Farmers & Mechants State Bank, Wheatland: dissolution. Castle Barn, Inc, 4800 Pendleton Pike, agen | Elmer O. Roberts, same address; 100 shares {no par value; furniture and general household furnishings: Elmer O. Roberts, Rav F. Arthur Green, Czleb L. York pt tersbure Natural Gas Corp Peters. hangs of of Bgent, iy BR, D. Thrown, 352 ig linois

U. S. STATEMENT

WASHINGTON. Aug. 29 (U. P.).—Government expenses and receipts for the current fiscal vear hroush Aug. 26. compared with a Year,

aware of

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Customs

INDIANAPOLIS CLEARING HOUSE Siqarings

Advertisement FREE SCOUT AX

FOR BOYS AND GIRLS

25,000 GENUINE PLUMB official Boy Scout axes, Candid cameras including leather carrying case, and official Scout knives FREE to boys and girls ages 10 to 16 years. Get information at any KING BENZOL Station where the modern gasoline derived from coal is sold.

ended July 31 net profit $549,597, equal to $1.26 a common share, vs. $499,060 or $1.08 previous year; six months’ net loss $27,451 vs. $93,389

ol Potatoes—Tennessee

Bloomingdale Bros, Inc., year

year ago. Consolidated Gas Utilities Corp. 12 months ended July 31 net loss $187,415 vs. $262,551 previous 12 months.

Hecker Products Corp. and wholly-owned subsidiaries fiscal year ended June 30 net profit $1,969,903, equal to $1.21 a common share, vs. $951,405 or 52 cents previous year.

Mead Johnson & Co. and subsidiaries six months ended June 30 net profit $904,575, equal to $5.12 a common share, vs. $762,193 or $4.26 year ago.

LOCAL PRODUCE

Heavy breed hens, 12¢: Leghorn hens, 9c; Barred and White Rock springers, 22 Ibs. and over, 12¢; colored springers, 2'2 Ibs. and up, 1c; Leghorn broilers, 2 Ibs. and over, lic; old roosters, 7c. 0. 1 strictly fresh country run eggs: llc: each full case must weigh 55 ross; a net deduction of 15 cents for each ull case under 55 Ibs. will made Butter—No. 1, 26'2@2%c; . 2, 24%@ 25¢; butterfat—No. 1, 2 a 1 (Prices quoted by Wadley Co.)

FOOD PRICES

CHICAGO, Aug. 29 (U. P.).—Apples— Michigan wealthies bu., a 13¢ weet bu., a) 05. Carrots—California crates, 2 Re 85. Spinach {—Michigan bu., 65¢@ . _Tomatoes— Michigan "2 he Be TP Caulifiower—Colorado crates, [email protected]. Celery —Michigan square crates, 25@40c. Peas— Colorado bu, [email protected]. Onion market 150-I1b. sacks)—Idaho sweet Spanish, ng white, 930@92'2¢. Illinois yellows, 50@ 65: ndlana whites, 85¢; Wisconsin yellows, 86 @85c: Michigan ellows, 55@60c; Colorado

SECURE PRIVATE NECESSARY CONVENIENT

The total gain in new De Soto and Plymouth sales for the first seven months of the year was 911 units over the same period of 1938. Gain in the sales of used cars for the same period of this year as compared with last year was 338 units, he said. With the adveat of new models, September sales should show an even greater increase, Mr. Jones predicted.

Farnsworth Display To Be Held Next Week

Between 300 and 500 dealers for the Gibson Co. of Indianapolis, distributors for the Farnsworth Radio and Television line, are expected to meet next week at the Antlers Hotel at the first open house for the new products here. Scheduled for Tuesday and Wednesday of next week, the sessions will open at 9 a. m. and extend through the day and evening. The full line of 28 Farnsworth radios will be displayed.

INDEX REMAINS LEVEL NEW YORK, Aug. 29 (U. P).— The General Motors-Cornell world price index of 40 basic commodities for the week ended Aug. 19 was 60.1, the same as the previous week's figure.

HAL KEMP

and His Orchestra

B08 TROUT — THE SMOOTHING NAN WYNN — BOB ALLEN

on the air for

GRIFFIN SHOE POLISH

Chicago Stocks

High Low Last

Allied Prod A ... 1 18 Aro Equip Corp Y 8Y Sop cv of /e $ 34

ith Edison Dixie Vortex ... B in Nat Wat ....e0.0 ellogg Sw Bd ........ Mid West COrp ..cevune Monroe Chem BP . Mt States Pwr p. Noblitt Sparks . Perfect Circle .. Sears Roebuck Storkline Furn..... Zenith Radio .......

FOREIGN EXCHANGE

NEW YORK, Aug. 20 (U. P.).—Following are noon cable rates on major currencies: able Rates Net Chg. England (pound) . 37 {-.09 Eng. (60-day iy iate) Canada (dollar) ..... France (franc 3 roe Italy (ira) ....eceveee Belgium (belga) Germany (mark) Germany (travel mark) Switzerland (franc) Holland (guilder) ..... Sweden (krona) ....... Norway (krone) . Denmark (krone) ghey ted *Change figured from last ni ay’s close,

{Mtl THI Mutual

FIRE — CASUALTY AUTOMOBILE INLAND MARINE

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To create in Chicago ern market place for se resentative of America’

Trae CHICAGO STOCK

Illinois asks you for no

® The eight Chicago Stock Exchange firms listed here maintain well equipped offices in INDIANAPOLIS, Ask one of them Jor more information and specifically for folder on the Optional Odd-Lot System.

of American Industries

Listed on THE CHICAGO STOCK Ex-

CHANGE today are representative companies in the packing, steel,

road, chemical, oil, public utility and other leading American industries. Many of these companies are the largest in their field.

this has been the goal the Exchange has been. working toward for many years.

Odd-Lot System is, in a sense, the climax to these efforts. Under this System, 65 stocks of some of America’s largest companies can now be bought and sold in Chicago. And in all selling transac. tions,and in buying odd lots, you'll save, because,

THE CHICAGO STOCK EXCHANGE

food products, raileo

a broad Central West. curities, one fully reps leading industries—

ExcrANGE’s Optional

State Transfer tax.”

— *ATKINS, HAMILL & GATES JAMES E. BENNETT & CO, “PAUL H.DAVIS & CO. HARRIS, UPHAM & CO. HEMPHILL, NOYES & CO. *F. S. MOSELEY & CO. DAVID A. NOYES & CO. “THOMSON & MCKINNON *Direct ticker service from Exchange floor

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ESTABLISHED 1882 a