Indianapolis Times, Indianapolis, Marion County, 18 October 1939 — Page 15

WEDNESDAY, OCT. 18,

STOCKS RALLY FAILS AS LIST: SLIPS DOWN 31

Wheat, Corn Dip Fractions At .Chicago; Cotton Moves Higher.

By UNITED PRESS Stocks sagged to losses extending to $1 in mid-afternoon dealings to-

day after an early active firming|4m

movement had disclosed a lack of follow-through demand. continued to watch the foreign situation for a price clue. Domestic business news continued mainly favorable; but there were a few discouraging items. The statement by E. T. Weir, chairman of the National Steel Corp., that the present business boom is unsound because ‘its foundation is no stronger than a “cream puff filling” received considerable attention.

| Trade News Favorable On the other side were another

new record high for electricity pro-|Se!

duction in the, Oct. 14 week; a 52 per cent gain in wool consumption

for the first eight months this year; &

and indications that carloadings

held well in the Columbus Day &

week.

~high at $83.87, up 62% slumped more than $1, most of its loss in forenoon trade and then backed down again ‘to around its low. Most other leading shares acted similarly. U. S. Steel sold at “18. 25, off 6212 _ ‘cents, in mid-session, while Bethlehem was down $1 at $92.75. Chrysler showed a $1 loss at $91.6212 and General Motors was down a fraction. Wheat dipped fractionally

cents,

‘moderate trading on the Chicago|pu

Board of Trade. At the end of-the first hour wheat was off 3:-3% cent, corn was 15-1. cent lower and oats were off 15-5 cent. , The reaction from yesterday's|E closing highs followed weakness in the stock market. Moderate selling ‘developed after the opening.

Fear Held for Crops

Dryness in the winter wheat belt|G

continued to give a firm. undertone. No rain occurred yesterday and none was forecast for today, thus increasing the serioushess of the drought. The Government's weekly crop report showed seeding delays in several sections and indicated danger that the new crops would not survive unless ample moisture comes soon. Cotton futures extended yesterday’s late advance as much as 45 cents a bale in moderately active trading. Raw silk advanced the permissible one-day limit of 15 cents. Rubber rose 38 points. World sugar options eased 1 to 4 points and domestic deliveries were 2 to 4 points lower.

Turkey's reported rejection of I

Russian demands created renewed buying in gilt-edged issues on the London Stock Exchange.

SEED MEN TO MEET

AT PURDUE OCT. a

Times Special LAFAYETTE, Ind. Oct. walt state-wide meeting of all seed wholesalers and retailers has been called for Tuesday, held at Purdue University, proposed rules and regulations for the administration of the Federal Seed Act, which becomes efIective Feb. 4, 1940.

Recommendations on rules and

regulations for the administration N

of the new Federal Seed Act will be compiled at the state meeting and will be presented at a regional

meeting at Kansas City, Mo., Nov. 6. Nes

LOCAL ISSUES

The Mowing quotations by the Indfanapolis Bond & Share Corp. do not represent "acual price orice. but merely indicate the approximate market based on buying and selling quotations of recent transactions. Bid Ask

Auto Invest Corp > Stk ds com ... & Stk Yds oF

e T&T Ft Wayne 1% Hook's Drug Inc com Int Hydro rE 1% pid Ind & h Elec 77% pfd..

L pid dpls P&L 844% pfd ve Lincoln Nat Life Inc Co com. N Ind Serv -5'27%% pfd.. N Ind Pub Serv 7% pfd N Ind Pub Serv 7% pid Progress Laundry ‘Co com

So Union Site Terre Haut Van Camp Milk Co com } Van Camp Milk Co pfd..... 62 Bonds

American Loan 55 51 ...... Loan 5s 46

Crabbe Reynolds-Taylor 5s 42. Home T&T Ft. Wayne 5% 55. .103 Home T&T Ft Wayne 6% 13: .104 Ind Asso Tel 42% 65 981, Ind Tel 5% 60 .-98 Indpls Railway Inc 5% 67.. T&T 5%

Muncie ater 5% 65 Natl Silk Hosier ‘Mills 5s 4 Nenlesvills HL&P 6%% ir Ohi

INCORPORATIONS :

Green Briar Homes Com. 3832 Main St., Indiana Harbor; agent, Sol R. Sam same address; 2000 shares 30 veal estate business: Roy C. H. Packer, R. p22 hursky, Schram, Harry P. Mun General Loan Co., Indianapolis, ment of articles o incor goTnorat ion American Loan Co.. anapolis, amendment changing number of directors to seven The Borden Co.. New York City, registration of trademark ‘“Mel-O-Mix”’, class 45: foods and ingredients of foods. The By Taylor Distilling Co.. Inc., Frankfort, y.. registration of trademark, “K. ror class 48: alcoholic beverages. 1 Securities Corp.. Indianapolis, nt to Harr) K. Grubb, 712

Clark, John Chas.

amend-

- hin Shoes, Ohio corporaAiR d to Indiana to manufacture footw

ath Motors, Inc., 34 W. 8th St.. Andeo agent, Ernest Griffith, same address: 200 shares no par value; selling and servicing automobiles; Ernest = Griffith Edith Griffith, Sparks. L. Brooks. ww Valley Farms, Inc.. 825 E. BroadSouth Bend; agent. Geo. C. Palmer, SIT ‘E. Broadway. South Bend: 1000 shares ro par value: farming and livestock business: Wm. G. Palmer, George C. Palmer, Frank Famer J Jr., Yajer G a ne St. Nhdianapolis: agent, William same address: real estate and

Miller, William W.

Me Carolvn C. Payne, Miller, Mary S. Prunk.

See Final Edition of the Times for Closing Stock Quotations and Other Late News

Traders| at)

G Douglas’ Aircraft reached a new|S

recouped |S

in [Dev

Oct. 24, to be|Marun Gl to discuss | Mi

1939

—A— Net High Last Change + % 3% i + n 8 Ya a 1, Sa

dams Exp ... 10% r gedne aska 23

1 $30’ wu 1842 Co. of Lud Stl 3%

.. 45 . 56% 161%

>>»

SEEN

- WN Ea

Rad & .. 10% Roll Mill ..

10 21% Ship Build. 3 9 melt

a a0 0

1 166% 9

Atchison ay C Line ..... Aviation Corp ..

FEED DEE LE

26% 62

| +

DHE

5% —C—

Calumet = H... 8% Can Pac .. 5% as si’ ie .. 27%

[440 HHH

2 27% Ys

I++: +:

te aN

. .

Cons Aircraft. . Cons Edison Cons Oil Container Cont Steel .... Crucible St .. Cub-Am Sug ... Curtiss-Wr .. Curtiss-Wr A.. Cutler-Ham ....

Se Jem dp aaa

- Sa =

- nN

L231

3 Ya

Co EERE >

Deere & Co ... 2512 & R A. 25 Boualas Air . x 7% 83 nt .1837 183 ,

East Kodak ...161 East Kod pf .. 160 Elec Autd-L . 39%, Fee Boa ... 16% I Pw & * $7 of He

Fair, The bpf.. Flintkote Follansbee ..... Foster. Wheel Preent Sutpur, ar Ind Gen bie . Gen Gen Gen Gen

Goodrich ‘Goodvear

34 19

DEER

34Y, 16 373%

33 1672

Ll. 34Y, So 19 327% Gt West Sug .. 33 Greyhound Cp . 16% , —H— . 161% ... 53% .. 15% I

. 16% . 95 17%

Fld] |

16Y2 53% 15%

Hall Print Homestake Houd-Her B

Jli Central Inland Stl ... Inspiratn Cop Interchem pf Interlake Ir .. Harvester

16% 95 17% 103% 16Ys

66%

Rut ol

Jarvis Co Johns-Man

Kennecott Keystone Stl

++:

—M—

30 162 39, 153%

Loe 13 Midland Stl... Minn Hnyv 55% Mo-K Tex Mo-K Tex Mont Ward" Motor Whi ....

pf. 7 ... 567 16% —N— Aviation .. 133 Es )

TEA ERE] Tel ll : :

Norwalk T pf. 43% Ohio Oil Otis Elev Otis Steel

9. 9 L177 a 177% . 15% 14% Pac Coast Pac Coast

SHELE HEE EE

: ot

a Rn

- o

FH HEE

Plussieh

Pros Stl Car. Proct&G pf Public Serv .... Pullman 40

+1 +

Rem Rand .... Republic Stl ... Revere Cop .. Reyn Tob B.... Ruberoid 20

445% 431

443 43%,

Safeway . St Jos Lead ...

+ --

NEW YORK, Oct. 18 (U. P.).—

.|Outbreak of the European war brought a heavy demand for paper

and a sharply increased rate of-pro-duction activity in the industry during September, Dun & Bradstreet, Inc., said today. In the first half of this year improvement in the paper industry “was confined largely to physical volume,” the authority said. “Production held steadily above the 1938 level, scoring a total increase of 19 per cent for the full six manths.” Prices, meanwhile, failed to recover and at the end of June still were approximately 10 per cent under the early 1938 average. “The outbreak of war in Europe changed the picture overnight,” Dun & Bradstreet declared. “The threatened restriction of foreign supplies of pulp and the prospedt of higher prices, on all paper products caused a ‘rush of orders from converters and dis-|. tributors which exceeded manufacturers’ capacity for deliveries.” Operators of paper mills, other than those producing paperboard

tf 178 8 | Sears Bk. Ha fe

‘| vanadium

Westing El

1, | Taggart Cp

. Wright Harg. .

N.Y. STOCKS

8y United Press

DOW-JONES. STOCK AVERAGES 30 INDUSTRIALS

Yesterday .....cccecceeeoe.s..154.56 Week Ago . Month Ago ...... Year Ago .... High (1939), 152.92; "Low. 121.44. High (1938), 158.41; Low, 98.95. 20 RAILROADS Yesterday ...... Week AO .... cccccicncsens Month AO .....ccccovveecne Year Ago High (1939), 35.90; High (1938), 33.98: Low, 19.00. 15 UTILITIES

eecesesenesnenes cn

+3.72 +0.68 +0:11 2.08

35.01 33.95 32.45 30.71

sescscssscsa

25.87 25.52

Yesterday Week ARO .c.ocovccncncncnne, Month ARO ....coo0fececese 24.42 Year reine vie 23.45 High (1939), 23.10; Low, 20.71. High (1938), 25.19; Low, 15.14.

sevens

’

Lag Change Seabd Air -

2 81% ag 13% Ya

14%

Servel Inc

Shar 0D: ... Shell” Un oil". © 14% 133%

yming-Gould . . | Ryming-Q XW...

Talcott J pt. Tenn Corp. « Texas Cor

is aa

”

HEE EE HE

re So a

Timken R B &» Transamerica ... 6% Trans & W Air 10% Twni Coach... 10%

4 . . &

Union B & P

12 Union Carb ... 90% .104

44% S Steel 8% Univ Pict 1 pf. 617

’rae 38 Va-Caro Ch ... 82 5Ys Va-Car 6 pf .. 323 32% —_—We— 20Ys 20%

Walgreen : 227 101

pf.. 99 W Pa El 7 ot -107% West Union ... 35% ..119%, . 347 . 13 ite ce 131% Wills Bord pf 4% Woodward Iron 130% Ya

116%

Wheel Steel wh & "3

4 | Woplworth

Wright Aero .

19% 55 33%

Loo 197% . 55% 337%

Yellow Tr . Young Sheet . Young Stl Dr..

Curb Stocks

High Aero Sup B ... 413 Alum Co Am..137

Bellanca Air .. 3rewster Aero.. Carri te Corp arrie orp. . Child 5%

Cities Sony pf . 511% Claude Ae Neon Lts 16

Som % 50 wis

8 Bes . 121 3 Gooperwid. stl. 1%

Crown Drug Ea Gas & Fuel is Ea G & .F or pf 39% El Bd & Sh.... 9%

£3 £3 be pe Ta aR

ANN

Molvbdenum ... N J Zinc .. 67 NY W Sv 6 ‘pt 17 Niag H Pwr .. Pac GE 6 pf.. Pennroad Pitts Pl Gl.. Sherwin-W ...

. - ee aS a

-. >

= RI

onN

Technicolor ... Gas Corn: Un Gas Cp 612 WwW Md RWY Pot 60% Wilson Jones... FA

SLE EE EE HE]

Chicago Stocks

Armour &

4 | West Union .

WAGON WHEAT fo Indiansnolis graip elevators are payin

8l1c: ject change: other grade on their merits. Cash corn, new No.

yellow. 45c. Oats, 25c.

REQUEST... RFC LOAN WASHINGTON, Oct. 18 (U. P.). —The Illinois Central Railroad ‘Company asked the Interstate Commerce Commission to authorize the issuance of a $5,000,000 RFC

Heavy Demand for Paper Follows European War

and newsprint, reached 94.6 per cent of capacity by the end of September compared with an average of 814 per cent for the first 29 weeks. The paperboard division

while figures on newsprint output also showed an upward trend compared with a year ago.

Prices in most divisions of the industry spurted sharply in the first month of the war. Although newsprint makers announced that present lists of $50 a ton would continue through the first quarter of 1940, in other lines the spurt in raw material costs brought price hikers, with the result that the wholesale; price index, computed by the U. S. Bureau of Labor Statistics, is estimated to have risen sharply from a 3-year low in July to the best level since the third quarter of 1938.

a, | ice.

{2 | points and the

8 Corn,

Wool, Ib. 4

te market |

INDIANA FARM | COMMODITIES AT-1939 HIGH

Purdue University Index Rises 16.6 Points During Last Month.

Times Special

LAFA , Ind., Oct. 18.—In-

o|diana farm commodity prices in

September rose 16.6 points from tha low marks of the year to a high for the year at 97.6, reflecting “bullish” effects of the European war, it was announced here today. The index was compiled by the Purdue University departments of farm management and agricultural

+ |statistlcs in co-operation with the

U. S. Agricultural Marketing ServThe index is based on 1910-14 prices. Of the-17 farm commodities listed in the report, all showed price increases on Sept. 15 over respective figures of Aug. 15, with the excep-

4 | tion of apples, which suffered a drop

of 10 cents a bushel. Corn, wheat, hogs, calves, cattle and iambs were among the most responsive to price changing factors, according to the report. Other significant facts reported by the university survey showed that the U. S. wholesale price index, als» based on 1910-14 prices, rose during the month from 109 to 116, while the purchasing power of U. S.

Zland Indiana farm products stood

at 80, the Indiang figure rising 12 . S. index rising six points. Also, the departments reported, while the Indiana farm price index

jumped 16.6 points during the

+ | month, the U. S. farm price index

rose 10 points to 98. Following are commodity prices and comparisons: Sept. 15 53 18 .32 .50 5.70 80 .60 96.00 8.10 9.80 3.00 8.50 7.40 136 172

Aug. 15 $ 4 «39 23 40 5.10 r{] 70 94.00 7.40 8.70 2.70 %.80 5.60 .130 A141 «23 3

bu. Wheat, bu. ccococoonsconee Oats, bu. Rye, bu. 3..cc00000000000 All Hay, ton ....cceevq0es Potatoes, bu. ....cco000e0 Apples, bu. Horses, per head ........ Cattle, cwt. ..... Calves, cWt. cc.ococesonce Sheep,” cwt. , | Lambs, ‘ewt. 2 | Hogs, cwt. Cke@:ens, Ib, ..ccccececce Eggs, doZ. ...ceccecespnce Butter, 1b, ...cccocesveecen

ssepvecen

sscesccepsccce esssenssecen

csiensvecvssene

seesessssssasnsne

OTHER LIVESTOCK

CINCINNATI, Oct. total, steady. 00-140 lbs.

(U. —Ho| Li 4000. Heidsvers i $7.40; 275- 300

See 50; most good Ring oa Cattle—Salable, 500; total, 650. Calves 250. Moderately active, strictly good and £hols yearlings. LL y steady. Common to low good little changed, cows strong, bulls firm. Small Tor ne oice near 600-lb. mixed Jeasiings, $i0- 50; part load short fed near $0.40; bulk common and medium Cn WR o% heifers, [email protected]; common to good beef cows, $5.25 6.25; vealers firm; practical top, hee ep—Receipts, '600. Fairly active, generally steady on light supply. Most ood d choice trucked lam 9 ewes and wethers to city Duichers, $10: common and medium, $6.50@8.

PT. WAYNE, Ind., Oct. 18 5 to 10 cents higher; 22002 S40, ” o 0-20 J0%; ’

b . $8 .75; $6.50; Rongns, $6; stags, $5; calves, $12; 1% $9.2

LAFAYETTE, Ind., Oct. 17 (U. P)-Hoe market, 3 cents higher: 160-200 lbs., $6.8 @17.05: 200-280 lbs. $7. ne )7.25; 280-325 | 1bs.. [email protected]. Pigs, $6.7 5 down; roughs, $6.50 down. Calves, $10.50@11. Lambs, $9.50 down.

LOCAL PRODUCE

Heavy breed hens, 12c¢; Leghorn hens, 10c; Barred and White Rock springers, 2% lbs, and over 11c; colored springers, 2% lbs. and up. 10c; Leghorn oilers 2 lbs. and over, 9¢; old roosters; No.’ 1 strictly fresh country- run Ry 18c: (each full case must weigh gross: a net deduction of 390; fof M4 full case under 55 lbs. will , Butter—No. wa glee oo, 2, 29@ 20%zc; buttertat, No. 27c; 26¢. (Prices quoted i Wadley Zo)

FOREIGN EXCHANGE

NEW YORK, Oct. 18 (U. P.) —Following are noon cable rates en major Surondiss a . England (pound) ..... WE Canada (dollar) France (franc) ... Italy (lira) Belgium (belga) Germany (mark)

® | Switzerland (franc)

Holland (guilder) Sweden (krona) Norway (krone) ....... Denmark (krone) . Japan (yen)

FOOD PRICES

CHICAGO, Oct. 18 (U. P.).—A Michigan, Jonathans, bu., Shes. Pt Potatoes—Tennesses, bu., [email protected]. —California crates, $2.2

3. Onion (50-1b. sacks) —Idaho Sweet S on, 70@"75¢c; Minnesot - lows, soc. Iowa Sweet Spanish, 60c, Pia "Yet

NAMED ERIE TRUSTEE

CLEVELAND, Oct. 18 (U. P.)— Robert E. Woodruff, vice president in charge of operations, today was appointed co-trustee of the Erie Railroad Co. to succeed Charles E. Denny, who- resigned Oct. 2 to accept the presidency of the Northen Pacific Railroad.

went to 82 per cent of capacity,!

Al Pearce

lB AND HIS GANG

IN A BRAND-NEW SHOW FAST— FASCINATING

TONIGHT

AND EVERY WEDNESDAY

7 P.M. WFBM

AND COLUMBIA NETWORK

' SROUGHT TO YOU BY

~ DOLE Pineapple Juice

TOPCOATS & OVERCOATS

Over 500 to Select From See them: ‘re

nn styles - All colors—All sizes.

Sale MEN'S SUITS

otuets >

dle CHICAGO gordi

-146 EAST WASHINGTON ST.

|Boom So idas

| WASHINGTON,

1 "| Yesterday

“Cream’ Puff,’ - Weir Asserts

NEW YORE, Oct. 18 (U. P.).— The current business boom is unsound because it rests on a foundation “about as firm and strong as the filling in a cream’ puff,” according to Ernest T. Weir, chairman of the National Steel Corp. and president of the American Iron & Steel Institute. Addressing the 17th annual convention of the American Institute of Steel Construction last night, Weir also denounced purported warnings from Wash n against any advance in steel prices at this time. The Industry has been confronted with a serious problem created by sharp advances in prices of most raw materials and most mills will “find it necessary for their own existence to recover at least some

‘part of these increases,” Weir as-

serted. Disclaiming | the “soundness” of the recent upturn in general industrial activity, he said: “Nothing would please me more than the ability to say at this moment that I am convinced we have entered that genuine economic revival so long awaited, but I do not believe and cannot say this. “If a real peace were declared tomorrow, do any of you think we would not be right back where we were ‘two months ago; that orders now piling on top of one another would not’ be cancelled; that inventories would not go back to their

previous subnormal levels?”

TRADE NEWS

NEW YORK, Oct. 18 (U. P.). — Domestic stocks of crude rubber were smaller at the close of September than any time since May, C 1930, according to the weekly statistical review of the Commodity Exchange, Inc.

The review cited an estimate pre- |<

pared by rubber manufacturers association placing Sept. 30 stocks at 150,171 tons compared with 161,471 a month sto and 268,094 a year ago.

Reserve Banks Gain

Oct. .18 (U. P.). —Combined earning assets of Federal Reserve member banks in 101 leading cities rose $70,000,000 in the week ended Oct. 11 to a total of 1 $22,568,000,000. The reserve system repbrted today. The report showed that lending assets accounted for $33,000,000 of the week's rise, while member bank investments increased $37,000,000.

Rail Order Placed

CHICAGO, Oct. 18 (U. P.).—The Chicago and Northwestern Railroad announced today that it has ordered 22,000 tons of rail for its 1940 building program. ~ The road gave the Carnegie Illinois Steel Co. an order for 14000

tons and Inland Steel an order for 29-16,000 tons. e

Cotton Sales Listed

WASHINGTON, Oct. 18 (U. P.).|t

—Sales and deliveries of cotton and cotton products under the export subsidy program totaled 2,886,000 bales from Aug. 1 through Oct. 14, the Agriculture Department announced today.

Stock Issues High

NEW YORK, Oct. 18 (U. P.).— Publicly offered domestic stock issues amounted to more than $213,000,000 for the first nine months of this year, according to a survey by the Fitch Investors Service.

DAILY PRICE INDEX

NEW YORK, Oct. 18 (U. P.).— Dun & Bradstreet’s daily weighted |D: price index of 30 basic commodities

"| compiled for United Press (1930-32

average equals 100) : Cru easier. 119.11 Week 880 ...ieecceveinensss 118.36 Month 880 ..l..ssesssesvees 11895 Year 880: ...3..c:v.sere0,0. 10449 1939 High (Sept. 30) ....... 119.34 1939 Low (July 24) ........ 101.40

Delicious

NES YTS $8.0

of value

ALL LIVESTOCK PRICES STEADY |. IN TRADE HERE

Peak Hog Quotation Again At $7.40; Vealers at $11.50 Top Price.

Steady prices prevailed today in trading at the Indianapolis Union Stockyards, according to the Agricultural Marketing Service. With hog receipts again at a more than average total, the peak price remained at $7.40. Vealers held a $11.50 top price, and sheep sold at prices ranging downward from $10.

Ie Repts. [Oot

#100 17 0

3000i 1 core

es —

Barrows and Gilts | ood and

Oct. Top Rcpts. v0.8 80 11995 so 7.40 8847 14 ... 30 7.40 8246 or 2oking Sows a. 20d Chole 1C

8% - 6.8 6.50-

6. 4 6.35- 6.60 6.25- 6

6.50 6.00- 6.50

’ tor DITA I I-III

Sooo MOnN

BRIT IIIB BE88RNESH 1 0 het DD 1 16 48 £0 DO BO = NDS DANS OF

6.00- 6.98) 90- 120. 5.90- 6. 35 6.35- 7.15

Slaughter Cattle & Vealers (Receipts, 1184)

Bulls (Yearlings excluded) ..$ 6.75- 7.25

6.75- 1.25 6.25- 7.00

5.25- 6.25 crs

Steers Choice— Beef— 700- 900 $10.50-11.00| Good 900-1100. 10.25-11.00|Sau usage. 1100-1300. 10.00-10.75] Good . 1300-1500. 9.75-10. 50] Medium... uood— (Cutter and 750- 900. 9.50-10. 30 oImeh, 900-1100.

'9.25-10.2 Vea 1100-1300. 9.00-10. 25Al Weights ~ 1300-1500. 75- 9.75] Good

c choice ne, .50-11.50 8.00- 9.50/ Common ‘an - diu 8.00-10.50 7.75- 8.75| can um. 6.00Feeder. Stocker

|C 8.00 6.50- 7.1 ; Heifers Mixed cho ole Steers xXed— - - 00- 800..$ 9.00- 9.75 i 10.5011: =) 30 01050. . 9.00- 9.50 . = 00 500- 750. 9.25-10. -50{ jood— §.30-.9.00 Heifers | Nora. . 8.256- 8.75 Choice— oso. 9 900. 10.50-11.25] col 1000 + 7.50- 8.25 <1750- 900. 9.25-10.50; 900- 900. © 6.50- 7.50

Mediu, 0 500- 900. 10. 25-11.00{ Medium a

750- 1100. Steers,

Real 532)

ws nd IRE oly 6.25- 7.00] alves (s gots (ah cow and 1 ch ice 11.00

Cows 5 Medium Good ....$ 6.50- 7.00 Oo Yow n. 8.50- 9.50 Medium .." 5.75- 6. 30] So (heifers) Cuter and 1G canner (low Me cutter).. 3.75- 4.75 500 down. 8.00~ 9.00 SHEEP AND LAMBS (Receipts, 1750) Lambs

Good and choice Medium and choice

mmon— 500- 900.

..$ 9.50-10. 8% 8. - 5:2

Ewes (on shorn basis)

Good and choice Common and medium

CHICAGO LIVESTOCK

Hogs—Receipts, 11,000; light hogs active, fully steady with Tuesday’ s average; spots r; top, $7.50; bulk good and bs., [email protected]; 300-330 lbs., 7@1. 35: most t 180-200 1bs., 7 [email protected]; bulk 270-300 a sows, $6.75@ 330-450 1bs., $6. 2065. aes — Receipts, 9500; calves, 1000; 1a i fed steer run; ory little done gE. cept on moderate supply; light yearlings and handyWeight good to choice light steers; these steady; most long yearlings

and medium weights and weighty steers|1

weak, common and medium grade light cattle steady at [email protected]; strictly prime long yearlings held $11.40; very little here to beat $10.75, however; best light heifers, $10.75, but most heifers in between Seline at $10 down; weighty steers up to 0.75, these scaling Ser 1500 1bs.; most ir with weight, [email protected] on early rounds; liberal Ee vslioy strictly choice catbeef cows weak; canners and steady; 3 steady to wea $12 do feeders continued active, $8.50@10 mostly. Sheep—Receipts, 4500; late Sry fat: lambs, 19g lower; feeding lambs, 40;

9.35; Does; $9.25 down; few best, $9.35 @9.40; good slaughter yearlings, $7.50; laughter ewes, $3@4: most natives, $3.85; merely good weighty Idaho feeding lambs,

IU,

U. S. STATEMENT

WASHINGTON, Oct. 18 (U. P.).—Government expenses and receipts for the current fiscal year through Oct. 16, compared with a year 22%. Yes ar

This La $2,834, 719, 999, $2,590,739,878.42 317. 1,664,890,672.38

Expenses. . Receipts gros Det Def.

83 9

. 16,995,006,272.

Customs.. 103,711,273.24 ~ 93,998,875.20

INDIANAPOLIS CLEARING HOUSE

Clearings FEARS \v TYPEWRITTEN LETTERS 6 ¢

B EMIS Sr LETTER :omaien: SERVICE ::-x:

a 249,000 PERSONALIZED AUTOMATIC

4.75- 5. 15% 300 down. $10.00-11.00

TONIGHT

6:30—Burns and Allen, WFBM. 7:00—Hollywood Playhouse, WIRE. 7:30—Paul Whiteman, WFBM. 8:00—Fred Allen, WIRE. 8:00—Star Theater, WFBM.

Baukhage, who is known by that name only, renews a 10 o’clock spot

this week, NBC-Red, in a news commentary from Washington, D. C. He returned from foreign correspondent work at Berlin a short time ago. John Gunther, correspondent, commentator and author, will’ be heard at the same time, Tuesday and Friday, with Baukhage taking the time all other week-days. 8 a a : - Bach’s Concerto for- Two Violins and Orchestra in D Minor, and Symphony No. 2 in D Major, by Beethoven, will be broadcast by the Columbia Orchestra, Howard Barlow conducting, at 9, CBS-WFBM. Webster's Overture to “Euryanthe” opens the program. . . . Al Pearce has added a new vocal group to his 7 CBS-WFBM program. They're called “Marie and Her Merry Men.” Mr. Pearce thinks he might be the first person to have made an enter-

“ON THE RADIO

Sherman picked up a broadcast he was making from San ‘Jose, Cal. His theme song in those days was the popular “Hello, Hawaii, How. Are You?” He was 16... . Gracie Allen, at last admitting defeat, sings “If I Only Had a Brain” at 6:30, CBSWFBM. s 8 8

One of the first legitimate plays to use radio as a theme, “Her Master's Voice,” will be broadcast as part of the Star Theater program at 8, CBS-WFBM. The play was first seen on Broadway in 1933,

Tonight it stars Edward Everett Horton and Lucille Watson. . bo. The other end of the program, come ing from Hollywood, is headed by Kenny Baker, who sings, “Little Town ‘in the Ould County Do Edgar Rice Burroughs, creator of Tarzan, will be a guest. .. master of histrionics steps hn what has been accepted as his mqst famous role when Fred Allen again becomes One Long Pan, the Chinese sleuth. The guest of the evening will be Gene Autry. Joe Louis was supposed to come, is scheduled for ‘a later program. Somebody asked Joe the other day

tainment radio broadcast. He says it was in 1914 when the U. S. S.

INDIANAPOLIS WFBM - 1230 (CBS Net.)

Norris Girl Alo Against Norm Dick Reed

Dessa Byrd Little Jack

Ink Spots Borosier Sports

Pleasure Time Mystery Gagen’s Or. Dick Reed

Playhouse Red Skelton » ”»

Bohemians Uncle Jonathan H. V. Kaltenborn European News

News Lum and Abner Burns & len

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Al Pearce Payl Whiteman Allen » ”

» ”»

Star Theater ” ” ” ”

Kyser ”

Concert Or.

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Amos and Andy ews’ Paul Sullivan Fu Manchu Hoagland’s or.

Powell’s Or. ”» ”

ews Heidt’s Or. ” ”»

Recordings ” ” ”

Skinnay

THURSDAY

INDIANAPOLIS FBM 1230 (CBS N let)

Early Birds Dawn Patrol

Markets Dawn Patrol ”»

News

‘Freddie Miller Good Mornt ng Ensem Miss Satis

Kitty Kelly : Myrt and Marge Hilltop. Stepmother .

Mary Taylor Brenda Curtis Big Sister * Life Stories

Kate Smith Girl Marries Farm Circle

News

City Today Air, Kitchen

aratered aD

Bill Woman

David Harum Lorenzo Jones

Road of Life

Singin’ Sam Dr. Malone

Farm Hour Markets, Reporter Hitmakers

Betty

Farm Bureau News Kittv Noon

Dr. Susan Bohemians My Son & I

ovie y School of Air

Keene Tunes

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Valiant Lady

Mary Marlin Ma Perkins Pepper Young Guiding Light

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Varieties,

P.-T. A. Chorus Smiiin’ Ed

Kathleen Norris Golden Store Hollywood Scattergood °

Stella Dallas Vic and Sade Midstream

Girl Alon Against "Storm Dicz Reed Dessa Byrd

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THIS EVENING

(The Indianapolis Times is not responsible for inaccuracies in program announcee ments caused by station changes after press time.)

INDIANAPOLIS WIRE 1400 '(NBC-MBS)

1940 Champions

INDIANAPOLIS WIRE 14 (NBC-MBS)

Editor's Daughter Man I Married

in White

Widder Brown

Weather

& Bob Grimm’ s Daughter Church Hymns

Backstage Wife

why he never ‘smiled. Said Joe: “Nobody ever says anything funny.”

8 5 =

CpCIATL (NBC-MBS) Kitty Jeane Unannounced Jack Armstrong pl ee |

Fred Kirby Baker Tang Denton Himber’ Lowell “Thomas Pleasure Time

ews Melody Grove Inside Sports

Hollywood . Red Skelton > ” ” .

CHICAGO WLS WENR 780 (NBC Net.)

Home Forum Brown's Or. Anthony Dinning Sisters,

Little Jack Sritstims Organ Tom Mix

Easy Aces Lost Persons News Sports

Bn = Parade Guigk Silver

Concert Herth’'s Trio Martin’s, Or.

Fred Allen ”» ” ”» ”»

Kyser

oy “”»

Peter Grant This Is Fair. ie rch’s Or. Farber's or. Mogre’s , OF.

Moon River ” ”

Magnolia Kogen's Or. News Bardo’s Or. Kassel's | or. Recordings Herth’s Trio J. Dorsey’s Or. PROGRAMS

INDIANAPOLIS WIBC 1050

Fiaves and Praise Gib Buchanan Breakfast Jam ” ” ”» ”»

Coffee Cu ups Blues Chas Fashion Footlighty Devotional

Reflections it

CINCINNATI W_ 700 (NBC-MBS)

Mornin’ Flying X Boys

Time to Shine News Gospel Singers

Caravan Beautiful Life News Man I Married Other Vile

Plain: Miss Julia

Linda’s Love H

Tena Road of Life

Unannounced O’Neills

Dr. Swing Friendly House

Pub. Schools Castle ‘Time

Noon Rhythm

hool for Brides ih Girl

Home Folks

Bill Jones Revelers

Musicale Harlin Bros. Number Please

Farm ” ”»

” ” Ellen Randol Ben an rnter Unannounced

Betty and Bob Grimm’s Daughter Valiant Lady Church Hymns

Mary Marlin Ma Perkins Pepper Youn ng Gul ing Ligh

Backstage Wife Stella Dallas Day Is ‘Ours Midstream

Kitty Keene Against Storm ack Armstrong nvitation

Pianorama Melody Time Number Please

Hollywood Steps in Jive Old Refrains Music

Jamboree

Interviews

1 &£ Serenade ]

KEY NETWORK STATIONS (Subject to change): MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850, NBC-BLUE—WJZ, 760; WOWO, 1160; WLS-WENR, 870; NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770.

KWK, 1350.

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MULTIGRAPHING 11 S. Meridian St.

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"WFBM 3:45 P.M.

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