Indianapolis Times, Indianapolis, Marion County, 16 October 1939 — Page 11
“MONDAY, OCT. 16, 1939
STOCKS STEADY IN QUIET TRADE
ON N.Y. BOARD:
Wheat Rallies More Than [i= A
Cent; Corn Fractionally Up at Chicago.
By UNITED PRESS
Stocks maintained a steady tone|A in afternoon trading at New York:
today. Volume continued light. Business continued to report gains. The American Iron & Steel Institute reported steel operations this week scheduled at 90.3 per cent of capacity, a gain of 1.7 points or 1.9 per cent over the previous week. On the basis of present capacity,
this week's operations will break all previous records on a tonnage basis.
Steel Shares Rise
Steel shares, lower at the opening, rose a point or more from the | lows and registerec small advances. | . Motor issues were steady as the .annual automobile show swung into action. - Coppers were around the
previous close after rallying from a Sh
lower opening. Rails and utilities held firm, |
Stocks were irregular in slow|¢ trading on the Chicago Stock Ex- &
change. Wheat rallied sharply after opening steady on the Chicago Board of Trade as traders jumped “to the buying: side on reports of dry weather in the winter wheat belt. At the end of the first hour wheat |p was up 133 @1% cents, corn was unchanged to % cent higher, and oats were 3% cent lower to 3; cent higher.
U. S. Bonds Advance
The upward movement came in the first half hour. It touched off a few stop loss buying orders and prices steadied. Offerings were light, and no important export trade was |C reported overnight.
U. S. Government and foreign g
obligations moved moderately high-
“er in an otherwise dull and irregu- |S
lar bond market. Gains in the Federal list extended to around a half point. German issues rallied about a point to feature the foreign list. Japanese, | Italian and Scandinavian issues were firm. Belgian funds eased. Cotton futures were steady in extremely quiet dealings.
PRICES STEADY FOR HOGS HERE
Sheep Also Are Stationary; Fs:
Vealers Drop 50 Cents To $11.50 Peak.
Hogs and sheep held to steady prices in trading at the Indianapolis Union Stockyards today, while vealers declined, according to the Agricultural Marketing Service. The practical top hog price remained at $7.25, quoted on 220 to 240-pounders, the governmental authority announced. Extreme limit was $7.30 Vealers slid to a top price of $1150. ‘Choice fat lambs sold at a peak of $10,
Top Recpts.|Oct. ives$ {oe 55 10 has:
3 10 3609116 .
Oct. To Cepts. 10 7.30 8166 11 ; 12
sss “ae
Batrows and Gilts Packing Sows _ an
500 Slaughter ‘Pigs 7.20| Meds um Geod— 6.85- 7.05| 250- 500° 5.50- 6.25 6.70- 6.90] 90- 120. 5.75- 6.25
| 6.25- 7.00] Slaughter Cattle & Vealers (Receipts, 1302)
Bulls (Yearlings excluded) ..$ 6.75- 1.25
. 6.50- 7.00 6.25- 6.75
-10.25 o a common... 5. 25- 6.25 25 Vealers All eights , © .$10.50-11.50
"% 0-10.50 6.00- 8.00
Steers
$10.50-11.00 10.25-11.00 ig. 10.75} Go
Choice— “700- 900
900-1100. 1100-1300. 1300-1500. Good— 750- 900. 900-1100. 1100-1300. 1300-1500. Medium— 750- 900. 1100-1300.
Common— 750-1100. 6.50- 7.)5
Steers, Heifers
Mixed— C 500- 750. 10.50-11.00
"500- 750. 9.25<10.50 A i 01C! - 750-900. 10.50-11.25 +1730-3% : (130: 900. 9.25-10.50 506- 300. £.50- 7.50 500- 900. 10.25-11.00 Medium ‘and 50 Cm 300- 900. 6.00- 7.25
eo 8 850-100
Calves (Recoipts, 04) eeder. Stocker . Steers .
3.00- 8.33 0.. 99 - 9.50
8.50- 9.00
hoice— 5 down % 9. 75-11.00 Mediual—
down. 8.50- 9.50 5.50- 6 Calves (heifers)
- 5.50 = down. $10.00-11.00 cutter). 3.15 4.50 500 down. 8.00- 9.00 SHEEP AND LAMBS (Receipts, 2118) Lambs
Good ‘and choice Medium and choice Common
$ 9.50-10.00 .00- 9.25 6.25- 7.75 Ever ton shorn basis)
Good and
choi 3.00- 3.50 Common and medium 3.00 ..
CHICAGO LIVESTOCK
— Rece 10,000: fairly active, 3 ee Is 3 Joe higher than Friday’s average, mostly 5 $7.
Xo 3 i 5a 40 uly Stl 96555 - moss ly Choice 300 OO totiors. $6,756.35: 1803% 1bs., $7.10 97.3 30; 2030 SOWS generals Steady; bulk good 1] SOWS, 60@ "330-450 1bs., $6250 sttle—Receipts, 15,000; eT 2000; all Scat yearlings ‘and light steers strong, medium he ight and weighty steers stea. y to s instance 10@15c¢c higher on bot! 0 on ‘ind light fed cattle grading strictly g and better; order buyers takin most weighty steers; liberal supplies sol on early runs on outside accounts; mos heavies turning [email protected]. with 1550-1b. averages at $10, 50 and strictly choice 1382lbs. $10.90; early jop yearlings, $11; some bid higher: heifers steady to strong: cows : slow, steady: bulls fully steady and vealers firm at $1 1@12: fat cow run small; Western ssers, mainly stock calves and yearlings, selling strong on country account; approxi3000 Western grass cattle in Cron; Practical 1 ton weighty sausage bulls, $7.25. Sheep Receipts. 500: slow: bids and sales fat Bar Mostly 15@25c lower: bulk tives. $9.50 down to packers; best held above "30.75; good Montana rangers, $9.10; bout steady: native slaughter wes. 75 mostly; double good 61-lb, a fesding lambs about steady at $8. 75.
See Final Edition of the Times for Closing Stock Quotation and Other Late News
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22 Lorillard pf ...145
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The L. M. Brown Abstract Co. today opened business in new quarters on the second floor of the new Fletcher Avenue Savings & Loan Association Building. The firm, which was founded here in 1868 by Ignatius Brown, moved from its former quarters in the Lemcke Building during the weekend, the third expansion in its his-
v offices, the company has approximately 4000 square feet of space, 1000 more than was used in the Lemcke Building. The organization had been in the Lemcke Building for B7 years. The new | offices are modern throughout, according to Russell A. Furr, president and manager. Indirect ligh furnish illumination and the ceilings are ‘acoustically treated. Temperature in the offices is regulated by ja forced air ventilating and heating [system.
e | Pac
2 Ruberoid
3 | Sheaf Pen ....
TOCKS
d Press
DOW-JONES STOCK AVERAGES
Low Last Change Ya 8
—0.4% 0.29 —4.37 -=1.15
Saturday
), 155.92; Low, 21.44.
\ High (1938), 158.11; Low, 98.95.
Saturday 2 Week Ago
3; | Month Ago .
Year Ago High (1939), 35.90; Low, High (1938). 33.98; Low,
Saturday ... Week Ago Month Ago Year Ago High (1939), 27.10; Low, High (1938). 25.19; Low,
Me
£311 idl
ohawk Cp ... 35 | Mont Ward ....
2 | Nat Biscuit
No Amer No Amer 5% of m Avn .
No Pacific ....
Owens m Glass
G & El. Pacific Mills ..
iE
. § . 28% . 25% 36Ya Ya 17% | —S— 411%
eading 1 pf Republic Stl .. Reyn Tob B ... Rich eld Oil .
t+
St_Jos Lead ...
C+
Socony-Vacuum So Por RSug 9 Ya So Por R S bt’ 138% South Pac .... 16% So hRy . 18% South Ry of .. td Brands ...
FEET +++:
I+E11 ++:
SH
Union B & P . Union Carb ... Un Tank .e.. Un Air Lines . United Corp . paired Cp of .
"1, |U 8 To 1
Vanadium ..... 35% 35%
Walgreen Warren F&P . Wil Ovrland .. 2¥ 2% Woolworth .... 40% 40%
yi 18% 18% 51% 512
Yellow Tr s! Young Sheet ..
18% 51%
L. M. Brown Abstract Co. Moves to New Quarters
The firm has its own lobby entrance off Market St. A stairway and automatic safety elevator leads off the street lobby to a reception room on the second floor. The firm began business 71 years ago at 102 E. Washington St. and |$ later moved to the basement of the Wright Block on E. Market St. From
there it was moved to the Lemcke building in 1902. ’
Mr. Furr are Volney M. Brown, vice president; Fred G. Appel, vice president; Cornelius O. Alig, treasurer;
Karl Mohr, assistant manager.
Fermor S. Cannon, Edwin H. Shedd, Fred Wuelfing, Allen: P, Vestal, Albert E. Uhl, Mr. Wood, Mr. Brown, Mr. Appel, Mr. Alig and Mr. Furr. A long term lease, negotiated by the Albert E. Uhl Co., realtors, was secured on the quarters.
Today's Trade Notes
NEW YORK, Oct. 16 (U.P.).— The Swiss Bank Corp., largest banking institution in Switzerland, today opened an American branch in this
city. F. W. Lichtensteiger, Balse, Switzerland, and Francesco L. Saroli, Lugano, Switzerland, will direct the management of the United States’ branch.
Put Franc at Par LONDON, Oct. 16 (U.P.).—=In a
phasizing the complete equality of the Allied currencies, the Bank of England announced today that pur-
‘|chase of 30-day French franc fu-
tures hereafter will be made at: par. The franc had ‘been at. a discount from sterling on purchases of forward contracts ever since it was pegged to the pound in May, 1938. A one-quarter franc discount has been in effect since Sept. 28.
Start Shipping Plan
BIRMINGHAM, Ala. Oct. 16 - (U. P.) —Sloss-Sheffield Steel & Iron Co. today launched a new 30,000ton ferro manufacturing plan, designed to obviate the war-time shipping risk to the American steel industry’s supply of this essential product. The production, estimated on an annual bases, is in excess of total United States imports of 26,258 tons in 1938, the major portion of which was purchased from Norway, Holland and Czechoslovakia. Imports in 1937 totaled 25,599 toms.
HITS TAXATION.
NEW YORK, Oct. 16 (U. P).— The Federal Government is already itilizing practically all of the World Var tax expedients and would find new war emergency far more dif~ult to finance than it did a quarter century ago, the National
Industrial Conference Board de-
move generally regarded as em-:
highest level in the nation’s history, the board stated. It added that. the ratio of Federal, and local tax collections to national income js estimated at 22.4 per cent for 1938, as compared with 7 per cent in 1913.
LOAN RATE FIXED
NEW YORK, Oct. 16 (U. P.).— The German consulate general here announced today that coupons maturing Oct. 15 of American Dawes Loans, stamped “USA Domicile Oct. 1, 1935,” will be purchased at $25
in Dawes marks.
man External Loan 1924) coupons were advised to redeem them at J. P. Morgan & Co., New York City, or at any of the American offices of the German Steamship Co. of Ham: burg American Line.
NEW YORK, Oct. 16’ (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 aversge equals 100): , Saturday ....... seiesnnansass 11831 Week 880 ..... ...000i0eee.. 117.64 Month ago Year ago
101.40
senses
U. S. STATEMENT
WASHINGTON, Oct. 16 (U. P.).—Government expenses and Jeceibts for the current fiscal year through Oct, 13, So apatea with a yea ago:
Expenses . Receipts . Gross f.
1939 Low (July 24) ...
This Yea! 8. "14 4,625. 41. 32 $2, si is
618. 5 1.881, 142,865.20 1.
4! 1.649,998.417.91 Net Def . , | ah So; 146. 54 ch Cash Bal . 2,002.323.580.25 2.830.703. ‘835. 74|s Work. Bal 1. 303 .958, 84y: rH 2, 2 25, gs, 359.98 Pub. Debt .40,901,937,827.75 38,428,277.906. old Res. .16,990,477.879 44 13.930; 634,181. 38 ustoms .. 101,071,517:85 92,280,364.25
INDIANAPOLIS CLEARING HOUSE Clearings
Debits’ “.........0co.v. Visa sesen 10,736,000
WAGON WHEAT
B Other officers of the firm besides
Edson T. Wood Jr., secretary, and |I
state | K
per $35 face amount of the coupon a
Holders of the Dawes loan (Ger-|Bu
Ni DAILY PRICE INDEX x
116.63 | 27. 1939 High (Sept. 30) ......... 119.34'}
85 LAFAYETTE, Ind, Oct. ket Sead 0 -200 Ibs
ives iisbaineyante ...$ 3,791,600| do
FURTHER GAINS INMEAT SUPPLY
Lower Prices to Housewives
And Drop in Farm Prices Seen for Winter.
WASHINGTON, Oct. 16 (U. P.).— The nation’s meat supply, now at the highest point in six years, will continue to increase at least through 1940, the Agriculture Department said today in a livestock survey. The department did not forecast price trends, but agricultural economists predicted that the increase in slaughter of hogs and cattle this winter would result in lower prices to housewives and some decrease in farm prices.
Cheap Feed Aids Increase
Meat prices were forced sharply *| higher ‘by the 1934 and 1936 drought which resulted in reduced number of livestock on farms, Three years of large feed supplies have enabled farmers to build up their livestock herds again. The number will increase at least through next year because of the large supply of relatively cheap feed, the department said. The number of grain-consuming livestock on farms, including work
1 s|stock, will increase - this year by : |about 7 or 8 per cent over last, the
report said. The spring pig crop this year was 20 per cent larger than last spring. The fall pig crop is expected to show a similar increase. The expected in-
i|creases will bring the number of
hogs on farms this fall to about 83,000,000, the largest since 1933, the Department said.
Sheep Supply Also Up
This supply indicates an inspected slaughter of 47,000,000 head of hogs this marketing year. That would be 7,000,000 head larger than last year
sland the largest since the 1932-1933
marketing year. Supplies of sheep and lambs for slaughter during the fall season may
: be slightly smaller than a year ago, is | the report said.
Despite prospective increases in
s | supplies of hogs and cattle, the farm
income from livestock sales is expected to be at least as large as last year. Stockyard prices have not been depressed, so far. Any price decrease probably will be balanced by heavier marketings, officials said.
BOOKLET DESCRIBES
:| CARNATION GROWTH
Thad Wiseheart, district representative of the Carnatign Co., manufacturers of condensed milk and allied products, today announced the issuance of an 84-page booklet describing the growth of the firm, now celebrating its 40th anniversary. The booklet, containing articles by E. A. Stuart, founder of the firm and now president of the board of directors;. and other company officials, tells in detail of the pioneering of the company in the field of condensed milk. Besides a comprehensive study of the various departments of the organization, the booklet tells of the Carnation Milk Farms, home of “contented cows” where superior milk animals are developed.
LOCAL ISSUES
The Plowipe apaoLations, .by the Indianapolis Bond orp. ‘do sent acual FL offerings, indicate the approximate market based on buyin 2 a and selling quotations of recent transaction
Ask 9 54 ‘57
Be teks Auto Invest Corp Belt RR & Stk Yds com ...
Directors are Charles R. Yoke,|L N Ind
Union aiite Ci Terre Haut Van Camp “Mink Co com Van Camp Milk Co pfd Bonds
American Loan 5s 51 American. Loan 5s 4
2 Crabbe Reynolds-Taylor 5s 42.. Home T&T Ft. Wayne 5% 55.. Home T&T Ft Wayne 6% 43..104 Ti Asso Tel 429% 65 nd Tel 5% ndpls Railway Inc 5% 67 nter T&T 53 Indpls Water 812% | Kokomo Water 5% uhner Packing Co A a0. Morris 5810 Stores 5% 56 .... Muncie Water 5% 65 Natl Silk Hosier ‘Mills 5s 42.. 97 Noblesville HL&P 6%% 47 ..100 Ohio Co Pub. Tel 42% 55 Richmond Water Wks 5% 94 ..
Tract Term *Ex-Divi idend. on
. Net Low Last Change 32% 32% .... ep Ya uy Bd & Sh. . Ya .* Frignant Trail. 27% 3 Gulf Ojl . 43% ra = “y,|D ¥i% Va 1s
4
OTHER LIVESTOCK
CINCINNATI, Oct. 16 (U. P.).— Hogs Receipts, , 3500; total, ' 4000; holdover: ve. generally s steady: top : 7.05; 100-140 Ibs., 354 5
.50 800; total : = slow, early an mid-session_ steers, yearlings and heifer: dy; some lighterweight strong; Is barely steady stockers and feeders slow, few lots light yearlings, $ .50; t medium to eifers ve [email protected]; tow Toads heavy steers, : hoth common to good beef cows, 55:50 50: canners and cutters Aa $3 $3@ 4.7 Ri top sausage bul vealers, slats: jor choice,
ainly Shes Receipts, Zable 500; - active, generally st most good a nd choice trucked-in lam 50° tow strictly $holce ewes and wethers city ‘Bu Duichers ob
Ook; Catt
0
common to Shas 50 ‘hter ewes mainly 3203, sy ghtSlavs ights eligible to around 20. 7) o.1500.55. Mar Be Li an, Ls, es, fet S. ; roughs, oy #535 lower; top, $ a wn.
oy
%: 25 down. Lambs, $9.50
Ele ay i :
_ THE INDIANAPOLIS TIMES
SURVEY SHOWS
d over, 9c; 0 roosters, 7 good Ty "Choice an
‘PAGE 11
WASHINGTON, ¢ Oct. 16 (U. P.) — Secretary of Commerce Hopkins’ general staff has completed . the draft of an agenda for development of long and short-range programs to stabilize American business both
at home and abroad, the United States learned today. Problems of vital concern to the nation’s economy, including inventories, finance and: fiscal policies, housing, foreign trade and domestic trade barriers, are now being studied] by Hopkins’ staff and the department’s division of industrial economics. The agenda is the outgrowth of several months of discussion and observation. Specific industries such as motion pictures, public utilities and telegraph were selected for study. Following is. a complete list of the men charged with developing the program and the fields to which they have been assigned: Clarence Avildsen, Chicago—Financial situation of small business men, particularly manufacturers; plant modernization, patents and monopolies. Lewis V. Bassie, Chicago—Inventories and productive capacity. - Gerhard Colm, New York—Finance and fiscal policy. Robert L.-Davidson, New York— Construction promotion, particularly low-cost housing. James E. Hughes, Baltimore—Lowcost housing promotion. Don D. Humphrey, Washington— Prices. and cost of production, with special emphasis on current prices and inventories of raw materials in foreign countries. Griffin C. Johnson, Washington— ‘Resource utilization, public works and fiscal policy; also, possibilities for increased export demand in the, coming year. Robinson Newcomb, Washington— Adequate standards for building codes; development of corrective
Commerce Department Plans U. U. S. Eonony Study
Harry L. Hopkins . . . Stabilizing business at home and abroad.
measures and study of real estate and housing markets. Victor Perlo, Washington—Home construction finarice, wages and productivity and special statistical problems. Roderick H. Riley, Washington— Government regulation of industry with special reference to utilities. Walter Salant, Washington—Foreign trade, savings and private investment stimulation. Paul T. Truitt, Chicago—Trade barriers set up by Federal, state and local governments, with special emphasis on motion picture distribution problems. Robert E. McDonnell, New York— Petroleum industry and other business problems. L. Carroll Wilson, Boston—Study of organization of Bureau o6f Foreign and Domestic Commerce. Dudley Wood, New York—Latin American trade relations.
SALES SESSION PLANNED AT.
Five Indianapolis Groups to Help Sponsor Conference At Bloomington.
Times Special BLOOMINGTON, Ind. Oct. 16.— Five Indianapolis organizations and one state group are to join forces
with the Indiana University School of Business Nov. 7 to sponsor a
one-day Sales:Management Conference, it was announced here today. Wilford L. White of the Bureau of Foreign and Domestic Commerce,
speaker at the conference.,
The Indianapolis groups are the Advertising Club of Indianapolis, the Indianapolis Sales Executive Council, the Marketing Research Club - of Indianapolis, Merchants’ Association of Indianapolis and the Salescrafters Club of Indianapolis. The state group is the Indiana State Chamber of Commerce. President Herman B Wells of the university is honorary chairman of the conference committee and Prof. C. W. Barker is chairman. At the opening session, Mr. White will speak on “Selling in Today's Market.” Fred A. Russell of the University of Illinois will speak on “Sales Training for Tomorrow.” At a luncheon for the group, Mr. Dillon will discuss the George-Dean Act in relation to the training of Indiana sales people and Prof. Harold M. Haas will speak on sales managers’ jobs. In the afternoon Donald R. G. Cowan, chief statistician, commercial research department, Swift & Co., Chicago, will speak on “Current Problems Crossing the Sales Manager's Desk.” The latter part of the afternoon session will be devoted to group forums for the discussion of manufacturers, wholesalers, specialty selling, selling to consumers and marketing research. The conference will close with a dinner at 6:30 p. m. The speaker for this dinner is to be announced later.
INCORPORATIONS
DARE H. Sopitree, Inc., Indianapolis; of agent to Ruth’ N. Ochiltree, $540" Central ve. Indianapolis. J.” 8. Neibert Construction Co., Gary: dissolution Risin gun, Water & Light Co., Sun; dissoluti Lane- Pyke. Kerkhoft Co., Lafayette; dissolut: v. M. Birch Co.. Muncie; final dissolu-
Hen 2159 Adams St. Gary; Thomas Ume Barbich and
Inc.,
Rising
Aga, Inc., i capita) stock; social; Andy Hogvatich, Nick J. others. Memorial Post 196 American 3geion, Inc "Bio field; no capital stock; Wa pone Secrest, Carl Hansfor Leland Barkley. White Villa Grocers, Inc. incignati, 0.: registration of trademark, it! yilla,” class 45; foods and Pingredients of
aaviess County Distilling Co., Inc., Owensb regis stration of trademar. Pop Bviessy class 48; liquors. Pi n Appliances, Inc.. Terre Haute; JSlerson J P) anging name to Wolfe Appliances, Inc. S. F. Bowser & Co., Inc change of agent i to E. D. in, Vii 41 Cornell Circle Wayne Hoosier Chemical Laboratories, Inc, 623 W. Washington St., Indianapolis; cgent, Samuel Cohen, same address; 3000 shares no par value; dealing in funeral 8 i Rroid gosmetics and chemical prod . Unger, Irving Ruben, Ramet C Re ublic Oil Corp., 3% Ninols Bldg. in. dianapolis: agent, Willia: Ar Hadith Haat, ot, 0 BE > and refinery : G. As ue! h, OW. Gerald Zike, Cecil R. Thomas. Th ring Co., Inc., Park and hom oadw EE A ansport; agent, Richard E. Riewoldt. 53 Seventh St., Logansort; 500 Shares no Tar ain garnet os, meta y ’ honed E Riewoldt, Walter L. Myer Warren J. Conrad. . Fran esville Refrigidarium, Inc. rane 0 shares 8 referred ‘of §100 par na shares common RC storage De ar Paul on
Tobe. Batten Myers,
LOCAL PRODUCE
Hea avy breed hens, 12c; Leghorn hens,
ver, Le; colored springe ig and up. 10 Leghorn broilers, 2 3 lbs. strictly fresh country Hie oh Tull case must rh ns “ie: gross: a net Jeduction of se or each full fate. under 55 1 oe: will be mi S0@30%ac; No. > 28@ 28hhe. OH oP: 1, 23c; , 2lc.
(Prices quoted by Li Re
For WATCH REPAIRING
Washington, is to be the principal!
10c; Barred and White Rock Springers, 2% :
LOCAL BUSINESS
Applications for insured mortgages to finance small homes in Indiana continued upward during September, when 282 requests for a total of $1,635,700 were received, R. Earl Peters, state director of the Federal Housing Administration, said today. This compared with .a total of 329 for a dollar volume of $1,478,900 for the same month of 1938, he said.
This increase over the summer slump which occurred in July is
that can deter people in their determination to take advantage of the favorable conditions to build their own homes, Mr. Peters said.
A new cement block structure, 66 feet wide, 300 feet long and 12 feet high, today stands at the corner of Prospect and Southeastern Aves. as the symbol of the speed of modern construction.
The structure, built for storage space by the F: A. Wilhelm Construction Co., was erected Saturday. Fifty workmen started on the structure at 6:30 a. m. and finished the job at 2:30 p. m., F. A. Wilhelm, head of the firm said. The structure cost approximately $5000, he said.
ANNOUNCE NEW MODEL
A new Ediphone, more compact and lighter than previous models, has been announced by O. K. VanAusdall, 32 S. Pennsylvania St., Ediphone distributor here. The new model, which weighs only 20 pounds, can be operated in an office or in an automobile. It is
a desk for easier operation. He said the new machine was developed by the Thomas A. Edison Laboratories of West Orange, N. J., through six years of research work
dollars.
LOANS TO BROKERS, DEALERS DECLINE
WASHINGTON, Oct. 16 (U. PJ. —Loans to brokers and dealers in week ending Oct. 11, totaled $411,000,000, down $1,000,000 from pre-|. vious week and a decrease of $102,000,000 from like ‘week a’ year ago. Other loans for the purpose of purchasing or. carrying securities amounted to $171,000,000, down $2,000,000.
FOOD PRICES CHICAGO, Oct. 16 (U. P.). erp Michigan Jonathans, bu., 15@90¢c weet Potatoes—Tennessee, bu., 90c@$1. Carrots rates, $2@3. Spinach— 58900. Tomatoes—Michigan, 12-qt. Dobie, 40@50c. cCauliflower—New Mexico, crates, $1.40@1. an, square crates, ornia, bu., $1.75. O sacks)—Idaho, sweet Spanish, 75c; Minnesota yellows, 55c.
INVENTORIES DECLINE
NEW YORK, Oct. 16 (U. P.).— Manufacturers’ inventories of raw materials declined 4.7 per cent durd|ing August, the National Industrial Conference Board reported today.
taken as a sign that there is little| o:
NEW STRUCTURE BUILT |i:
removable from its stand, Mr. Van- |g Ausdall said, and can be placed on ¢
and at an expense of a half-million M
| Japan (yen)
ON THE
TONIGHT = : 7:00—Andre Kostelanetz, WFBM. 7:00—Tommy Riggs, WIRE. 8:30—Alec Templeton, WIRE. 9:30—Blondie, WFBM.
A new musical series presenting stars from concert and opera will be premiered at 9:30 o'clock tonight, CBS-WABC. Howard Barlow will conduct the Columbia Concert Orchestra. The program will be known as “The Columbia Concert Hall.” ' Two of the series will be held at
9:30 on Mondays but the program will change to the same hour
carry it. : ” o ” : Cecil B. DeMille will bring a high-class cast to: Radio Theater
at 8, CBS-WFBM, when ‘he pre-|.
sents a radio dramatization of the stage and screen success, “If I Were King.” In 1902, Mr. DeMille was cast in a road shown version of the play, and married Constance Adams, also a ‘member of the troupe. The cast tonight includes Doug Fairbanks Jr,, Frances Dee and Sir Cedric Hardwicke. Margaret Speaks and her program will salute the -automobile industry at 7:30, NBC-WIRE. The star will sing “Sweet Song of Long Ago,” a number she introduced for Ernest
RADIO
radio. . . . Tommy Dorsey will visit Alec Templeton on. the latter's half-hour program at 8:30, NBCWIRE. They will jive a bit on Tommy's theme song, “Gettin’ Sen-
timental Over You.” Alex will play his own theme song, “Humming Blues.” : 2 #8 % * Tommy Riggs will present Vire ginia Verrill, Broadway songstress, | at 7, NBC-WIRE. Shell sing the number known as “Are You Havifig Any Fun?” Betty Lou will do “Piggy Wiggy Woo.” When Tommy learned Edgar Bergen had insured Charlie McCarthy he tried to insure Betty Lou. Insurance companies said no. ’|'They said McCarthy existed, even if | he wads a dummy, that it would be impossible to determine if Betty Lou were really lost or whether “a state of mind on the part of Tommy Riggs would destroy the other voice.” .. Blondie's Dagwood buys the rights to “The House With a Voice With a Smile,” at 9:30, CBS-WFBM. It's a radio beam gadget that wel« comes visitors when they step on the front porch. . . Beethoven's Sonata in F Minor, “Appassionata,” played by Pianist Rudolf Serkin, and Beethoven's Quartet in F Major by
.|the Coolidge Quartet, will be on
Music You Want When You Want. It at 11, NBC-WIRE. . . . Kay | Thompson is going to revive “How | Deep is the Ocean” with Andre Kose telanetz and Tony Martin at 7, CBS-. |
Charles, when he first came to the! WFBM.
THIS EVENING
(The Indianapolis Times is not responsible tor inaccuracies in program announce» ments caused by station changes after press time.)
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INDIANAPOLIS , WFBM 1230
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+ INDIANAPOLIS WIRE 1400
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Kathleen Norris Golden Store Hollywood Scattergood
WPA Speazer Loele Aohathan H. V. Kal Yenborn European News
Girl Alone Against Som Dick Dessa Byrd
Child’s Or. Interviews lincent Gomez Sports
Pleasure Time ery Rex Maupin Dick Reed
Tommy Riggs
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Good Will
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Mornin’ ’ Fiying X Boys
Time to Shine News Sospe] SH Singer
Te: Coffee Cans ‘ Caravan flues Chasers, hisBeautitul Life Markets. News
Man I Married Wife Plain Bill Miss Julia
Listas Love appiness a and Tim Road of Life
Woman Speaks O'Neills Farm Hour ” ”
Frayer and Praise Gib Buchanan
Breakfast Jam
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School for Brides Boy and Girl Home Folks
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Kitty Keene Against the Storm Jack Armsizohs : nvitation
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Hollywood Master Singers Old Refrains usic
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Interviews Serenade
KEY NETWORK STATIONS (Subject to change): MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 859, NBC-BLUE—WJZ, 760; WOWO, 1160; WLS-WENR 870; KWK, 1350.
NBC-RED—WEAF, 660; WTAM, 107
0: WWJ, 920; WMAQ 670.
CBS—WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770.
Chirag Stocks
High Close Armour & Co 6: 1%
Asbestos Mig Ye
26% 24 8
10 14 “I 20%
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NEW YORK, Oct. 18 (U. P.).—Following are noon cable rates cn maior currence:
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