Indianapolis Times, Indianapolis, Marion County, 26 March 1940 — Page 17

LOAN COMPANY STOCK OFFERED

3, 000 New ow Comores Preferred Shares in Latest Issue.

* Public offering ‘was made today of $2,500,000 of stock in onwealth | Loaf Co. of Indianapolis. Iz an 1 The. prospectus = stated 25,000 shares of 5 per cent ¢ ferred stock with a

THE INDIANAPOLIS MES ee. — NEW YORK STOCKS . |NEWLOWMADE | ‘Screwjay’ Drive Starts v-30NEs sTo0K A IN HOG PRICES :

DOW-JONES STOCK AVERAGES | 80 INDUSTRIALS Yesterday c.c..ccocoeccescqs 148.25 | | Top Falls to $5.30 Here asf : i. 9000 Porkers Arrive -| a. At Stockyards. :

Week: Ago 0csecssescosegoen 146,43 Month Ago sesssgesetusennas 146.17 Year AZO ....cc.iecess in 153 High (1940), 152.80; w Jism High (1939), 155.92; Low, 121.44. 20 RAILROADS Yestorday eecccconcesceasoss Week AZO ccicovevesncsscone The lowest prices since * 1, 1934, were made in hog sal Ne ‘the Union Stockyards here today, according to the Agricultural Marketing Service. The top was $5.30 for 210 to 220pounders as all weights over 160 pounds fell 25 cents. Lighter weights and packing sows had a 10-

Net Last Change

61% “ees 2408 T's

11% |

§ el

‘ High Low ns 1% 87% \dams Ex . ah T% Adams-Mit” ses 3

ir Redus la & Vicks... 7 aska Jun ...

legh PRs so 3% ww 11% ww 10%

” -0.48 [ide +0.8¢ 0.27 1.81 1

Cont - 20th Cont Fox. . t Fx pt

Abbott Lab

> BERR [+++ 2 TE Fees

, . . .

dees 20th Cen Twin

Twin Coach .

FERFS

Co D$

20003 +

w SEa® @ a

2 odd 3 0 Qa 228 EB = @

Month AO ...cocovcpesssces 30.63 Year AZO .....c.ccoeencecccas 29.34 High (1940), 82.6%; Low, 20.78. 3 High' (1939), 35.90; Low, 24.14. i bo 15 UTILITIES Lio 20% Yesterday seccecsscsecansned see 11° Week: ALO «.vooe.oeineecens 34.07 +008) 0 afbon ed il Month Ago evesientherenie 3063 ....|U Corp pf. 39% Year Ago .......ccusessscsss 38.50 ted Drug bf 8 High (1940), 26.45; Low, 24.00. ] High (1939), 27.10; Low, 20.71.

.| Olen & Ci Union B&P Union Carb ... Un Si 1 + 1

= a A 1] =~3 - a ° » 2 SRA Sea

Bp hte hh he he _-

EBEn BE

al .... Leath ... 1% rieles ih 2 +H 3% Bk Note of 48° 115

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> 8 > io) 2. » he

FREER BES

eves

- . . -

frat

. . . .

Am Colortype.. 8} Am Com Ale .. 7%

SHIEH LH +

--.

In addition, 10,000 more of the

Sea Saat

LL) FSER Ee ¥

High Low Harb walk woo oY Bs

Hayes .

Net Last Change

cent loss; Sharply increased steer and heifer receipts over a week ago paved the way for a sharp break, particularly

\lnew

shares are being reserved for exchange with holders of the old 7 per cent preferred stock. Hallgarten & Co. cf New York is the underwrit-

aE ¥

ing firm. y Purpose of the offering, according to the prospectus, is to reduce bank loans or commercial paper or both by the Indianapolis firm. Commonwealth Loan Co., incorporated in Indiana, April 25, 1922, has executive offices at 316 Guare anty Building. John H. Aufderheide, now chairman of the board of directors, first began making small loans in 1887. The business he established became the forerunner of the present company, of which Rudolph C. Aufderheide is president. : Fifty-seven offices ste operated | in Indiana, Illiniis, Towa, Kentucky," Michigan, Minnesota, Missouri and Ohio. The company’s net income last year was $795,284.77, as compared with $718,495.10 in 1938, the prospectus stated. Its assets on Dec. 31, 1939, were $11,878,204.87 which included $1,537,943.04 in cash and $10,143,048.78 in notes receivable, net of reserves. Liabilities, other than capital stock and spls, totaled $5,565,520.51. ©

ecker Yr . ain 109 Holme G a 109 4

Hors Mot ..... 1 re Pdr

Hoang Furn 34 : he ©. 13% 2 + 2 Homestars ..." 54

Ys =— Ys + 183% ° =— % H

on medium weight and weighty steers. Vealers, strong to 25 cents higher, sold from $11.50 down. Strong to a shade higher Prices were paid for fat lambs.

Mareh Top Re ts. March 58 jBepts. 20 ..8 5.40 Tot a Too 21 sis #0 5.65 530 Barrows and Gilts Good and Choice— _ |Good 120- 140 $ 3.75- 4.50 140- 160. 4.25- 5.20] 3005.00- 5.25] 3. 0. © 5.20- 5.25/Good- . 5.25- 5.35 o Sem 232

HHH LT

Sr * eo 0 tes

F TFET FHF HH

SBS ddaddaadddddd

SRE FEFRSIE SF

++1 | »

bber . t 547 S Steel i .118%s- 117 niv Pict 1 pf.110 —_—f— wees 3134 31% se 38 ...118Y2 116% eo 43% 43% see 20 —W— NValker im see L 2% 5¥ 1% 4

SEE

H+

Inv 5 Invest bn PEs

) chenley and Na-|javest 1 2 i reached new Roll Mill.” 14 e year with gains of a|iD EM cv pf 6 !

oe ea >. oo

‘Times Photo. er yesterday to: discuss’ their right, ‘are Richard Gordon, fadlow, division ‘manager, and

ug Hud Hu . a Hupp Motor .e

I+

Shell Oil ‘Co. executives got togetl advertising program for 1940. Left retail merchandising manager; J. L. R. D. Kizer, sales manager.

“Screwjay” totay began to take 4.25- 4.45| its place in the nation’s motoring 4.15- 430] slang as a companion designation - 430] ‘to “screwdriver.” “Both words apply to persons who are trafic menaces. ; The expressions were presented at the Shell Qil Co. division advertising convention at the Claypool Hotel yésterday. The “screw= driver” is a stop-go driver who doesn’t seem to know exactly what he’s doing. The “screw-| Jay” is the “screwdriver’s” pedps{rian counterpart. | | 1

elt t or more on favorable earnings 4 Smet 7 Bf. 145 rown Cork gained more } to a hew high on in-

112 156

oa R886 FES

operating an. a Nalworys ~ Loft, which reached a new record ap = Z Ine se, gh yesterday, reacted almost a|Anens H GI pt. 16% point from its previous close before| Arch Dan M... 35 meeting support. | Some recently Armstrong Ok! strong air line shares also Met pro-| Asse D taking. |American Airlines had B loss of around Hi points. Airraft shares were relatively well Supported, some leaders showing ractional gains, | Au | ‘Other sections of the list generally showed moderate losses. PP

ARM PRODUCTS OF STATE SELL LOWER

din Rod March izes. To. 30 i... [Kroger G&B' .. 31 ces of important Indiana agri- vrei 37% 33% cultural commodities dropped 1.3 Pons in| February to 91.1, Purdue Che Co niversity reported today. f | 521} [4 3 fehn & Fink. u um oe 3% | The Feb. 15 prices of five farm fe 531. 32% | ¥ Ther rs ls 2 By. * 3%|Cudany vi Al RE 113 commbaiic, oats, rye, apples, but- .. 2% 2% | bby M L. 6 She oS slo %: 3% d wool, were unchanged from tan Br 18s ie) gli a "Mig Co . : 3 the - previous month. - Prices of : re ambs, S25, sheep, horses, .potatoes, | corn increased while nickens, hogs, veal calves, beef cattle, soybeans and wheat dropped in price. The report showed that of the 18 major commodities considered, 13/8 were priced higher than a year ago while five were lower in price. Purchasing power of Indiana farm commodities on Feb. 15 was 75, using 1910-14 as 100, or one point below the January index, while the U. 8. farm purchasing power at 83 was two. points above the previous month.

Curb Stocks

Acro Sup Alum Co Am... m Centrif .., Am an 5 ey

| . ’ 3 eee drivers” and “screwjays” from the nation’s highways was a part of a platform adopted by the 600 Shell Se Joajers who attended yesterday’s on e group unanimously decided to continue the company’s “Sharethe Road” Club, - J. L. Wadlow, division manager, presided at the meeting. Assisting in the program arrangements were R. D. Kizer, sales manager, and Richard Gordon, retail merchandising manager. B. A. Gwynn, resident district manager, was host.

83% Cop 13% _ 4.40- 4.35 T sues [33%

1034 Vest Auto gs 39 est Md ... % Jest Pac Df.. Jost Ay oo 22% t Air Sh MR +] L1%

esting heel Steel | 2

27% 28 — 110% 110% 35 35

oa Es “JOO

FRFESR FR

. ‘pf. 111 51 |= 1g en 39% + ia x M.177% a .. 55% 55

‘213% [anole 82% | jo] Ya

#0 $7 EC 93% 8

51% 33% \21% : Na, 22% 9%

A te A hh <

edi Go 180-200. 4.50- 5.00] 90- 120. 3.25- 3.85 Shushiter Cattle & Yetiers (Rechipts, 3082)

Choi Bulls 750- “300 $10.50-11. 1.75/Xearlings gxcludsd) 900-1100. 10.50-11 6.00- 86, «« 6.50- ais

estvac

COUN = CD b= 00 60 CO

1100-1300. 10.15-11. 50 Sashes 1300-1500. 10,00-11.25 Medium ... 6.00-

5.25- 6.00 Vealers

d and ..« 10.50-11.50 on

+ va

3 . bE

ohn &

0 3x cose Noolworth .... 4034

ddd tt <

40%

Yl Yellow aw LH Young 5 & W.. ois Ine Young Sheet .. we 38

Me Zenith Rad .... 18% 15%

2iteg) 8.75-10.00 Ya

16% + %]|C

Chi icago Stocks

Am Pub Serv pf ...... Asso Invstmnt ....cees Choice— M Bastian-Bless ..ccceces 750- 900. 9.25-10.50 Bendix Aviat ...ccceeee 33% Goo HI Of Bliss & Laug RB. voveiees 18% 750- 900. 8.50- 9.25 500- 9 00s | Medium— ay dsteers)

Borg-Warner ..... cevin |_ Ca Cent&SWUL pl pt 500- 900. 7.50- 8.50| 300d ne Oo ice— common— 550 d 9.25-11.00 500- 00; 6.00- 7.50{ Medium \ 3

s 0 down. 8.00- 9.25 Good ....$ 6 = 1 00| -. Calves (heifers) Medium. . 25( :

Cutter and common Canner. . SHEEP

Jarvis Co 15% 1 Jewel Tea New 50% , Johns-Man eese 89 69

8.00- 9.00 .98- 8.78 hgdium. 150-1100. 6.75- 7.95] eesti, $tavier Mi rs, Heltors oe od! 75 | 00: 50. 0.50-10:50

i 25- 8.75 00a— 0 500- 750. 8.50- 9.75| 500Heifers

Elimination of both “screw-

y Fortune in STYLE for You

Ya Kelsey-Hajes A 117% Relsey Hayes B 61 Kennecott, .... 35 Bi Tone B61 cop 134

Kinney 5 £ te : 291 y 5 3514 a

7.50. £7 7.00- 8.00

DRY cba bat

S. 5 6

5. fl Good and ChoiC® ....ccceoence SUH

BHC ferries 0 : 2% 9.50-10.00 Util 6 ‘of Cr ar103 Medium ang good 50-10. Ewes (on shorn basis)

Br .. L Good and choice .$4.00- 5.00 Common and meditin "\ censecanes 2.75- 4.00

CHICAGO ) LIVESTOCK

Hogs—Receipts, 19,000; gensral market 15 to 25 cents lower: adkin sows larg sab 15 cenis Joo choice 180-2 1bs., bi5as :30; 300." 1bs. ha @5.25; Bi butchers downward to $ 4] below; few g to choice O50 150 Tbs, $4655. 25 430-550 1b. packing sows, $4.10 Cattle—Receipts 7500; - calves—1500; grade yearlings and common and medium grade steers a little more active; steady; good to near choice medium weights and weighty steers’ dull; weak; shipper demand continues narrow; sirielly good and choice cattle comparative 4 scarce; feeder dealers competing wit. killers at $9 down; fed heifers steady; cows weak; bulls steady; vealers weak to 25 cents lower; best yearlings (atl, $11.25; light steers held around ha numerous loads comm m Stgery sold $7.50@8. Toe very Mittie fone earl:

3 Sora Rg $750; ig ht ves):

Lorillard ..... Lorillard ot’ 1.150

4| Nat. Standard + 1% Jooiic Brass . 18 Am FC

fuser: 32%

specsqece »

t In United Mir Lines. Woodall Ind

uotations by the Indianare Corp. do* not repre8 sent actual hE offerings, but merely in2 |dicate the approximate market level based 2lon buying and selling quotations of recent : 3 'y, | transactions. Stocks Bid Ask weighty sosage bulls is Agents Finance Co com ers, sorted closely 3 $5@6; ry ‘weighty vealers sparingly at $10. 50; mostly, $9.50 and Shee PrReceints) $000; late Monday fat Jambo. closing 15@25 cents higher; mostly hlaround 15 cents higher; -top, 0.65: f 2 | few loads closely sorted fed r lambs; bulk, [email protected]; .|$9.10; double fed range eves trade very little done early ly lower on fat wooled 4 > . | around steady.

OTHER LIVESTOCK

FT. WAYNE, Ind., March 26 (U. P.).— Hogs Market 10 to 35 cents lower; 200-220 lbs.," $5 180-200 lbs., $5 5.05; '160~

= >

& PF. 13 Gity I&P JES Climax Moly Co 383 Siet a o Ly uett Pea i 140 8 |CocaCola pi o1 s | Colgate-P-P . & Col & Aik . Bath Ir WKks.. ’ Col Sroadsast 5 Ie : 7 , Bell Air ...... 26% Va || 267 Colum Gas 1 ho sid I 7 . 1p Bliss EW | s.. Vg diesen Col Gas . a’ J i eee Breeze Corp.. Col Braun: vie - Brewster Aero. Col | OL Iistures pI. d

Tr emens

SE EEL

Pt Wane 20 2. Sou yy |Ind Ass a Corp $6 ® *Ind & Mich Elec 7% 8 ’ *Ind fe Serv pfd vs ei) 319 Hydro Elec 7% rid eves . ndpls Gas com .....L....... . *Indpls P&L 6% pid ‘1 *Indpls P&L 8a

eS gi fie, shar

Carrier Corp..

Cities Serv pf.. , Con on G E Balt . } . so Aircraft | Crown C P Md Il 2% . SE rhiny Fl ‘Bd & (Sh... ’ " Gener ns Fisk Rubber ... 7a Ug wives a Jim Alden ... 7% 7 Lan dries) ol

. % pfd.. Vp N Ind pan Serv 8, % pid. 3 Progress Laundry a Pub Si

130- Ses 100-120 1bs., .30. stags, 3 $2.75; calves, $11; jambs, C NNATI, March 26 ( Re 4000; market generally” Jsa 5¢;

nd ost; $5. 25: 00 Ph foe. “ a y [email protected]. Oattle—Receipts, 300 calves, 350; general market comparatively slow, heifers by no means as active as on week's initial session oa lower, other classes little chan rr Steers . around 1000 lbs. or. $5.50 no heifers scaling 625 ol bs. ea common to good beef cows eligible ar Do $5.50@ 6.50; canners and vu 5.25; vealers steady; good . "131 50@11. 50; common to medium slow at

Sheep—Receipts, 100; market nominally steady; good and chioice wooled quoted: [email protected]; common medi Sia @9.75; shorn lambs eligible oy - ium, own .

LOCAL PRODUCE

Heavy breed hens, 5 lbs. and over, 12¢c; under 5 lbs., 10c; Leghorn hens, 7c; Barred and White Rock roasters, 4 lbs. and over, llc; under 4 Ibs., 9¢: heavy breed stags, 7c; Leghorn stags, 6c; Leghorn broilers, 2 lbs. and over, 9c. No. 1 strictly fresh country run eggs,

-._ | van Camp Milk pfd ........ Ys |Van Camp Milk dom Viv een

8 ; Indpls Railway Ine 5% l67.. Yo Indpls Water Co, 3% % 66 a | Interstate T&T 5%% 53 ES Kokomo Water Wares 5% 58.. * Kuhner Packing Co 42% 49. Morris 5810 Stores 3% 50 ....1 uncie Water Works 5 Nat Silk Hosiery 5s 42 N Ind Pub Serv 33% i N Ind Tel Co 4'2% 78 | Pub Serv of Id io S65 idem Richmond Wat Wks 59% 57....10 Trac Public Tel Co 4%% Trac Term Corp 5% 57 *Ex-Dividend.

U. 8, STATEMENT

#| WASHINGTON. March 26 (U. P.).—Gov- — Jo|Current fiscal year eu 357 come |12V¢; each full case must welgh 55 Ibs. T Blin Ba Eo Sot, sancon of 35, Sane BF = Bm oi hey eetin in| RR 4 dled fo,0 Wa 986.67 2.273 051,022.71 (Prices quoted by Bd dt Co.)

3 238, Ll 422.2 os ” WAGON WHEAT 2.785,44 Indians olis grain elevators are paying] 39,956.43 23 {for No r wheat, $1; subject. to market| ; : 1 15,09%.3 ,956.06 change: other grades on their merits. Cash |: Customs 232,304, corn, No. 2 yellow shelled, 61c; No. 2 white| shelled, 57c; No. 1 white oats, 38¢. INDIANAPOLIS CLEA CLEARING HOUSE J $2,508,000 6,002,000

FOOD PI PRICES

CHICAGO, March 28 (U. P.).—A iy New = York Mackintosh, bu., $1. a2 Sweet Potatoes—Tenhnessee, bi... $1.3 130:

are on Page 9 of this edition. Celerv—Florida cra es, $2.15@3. Tomatoes ——.Mexican lugs. $3@4. Spinach —

bu., sae _Caulifiower — California, : :

crates, $1.50@ Carrots — California, : 5

grates, $2 19@2 do. + onion, Maret: (50-1b. | Fellows. si30@iss, 5149; Sows This advertioeatut is not, and is under no circumstances to be construed as, an offering of the following sdcuritios. | for sale, or as a solicitation of an offer to buy any of such securities. The offering is made only “BETTER WEATHER by the Prospectus. This advertisement is published on behalf of only those of the | undersigned who are registered dealers in securities in this : State.

CUTS GRAIN PRICES 25,000 Shares

| CHICAGO, March 26 (U. P)— Commonwealth Loan Company

eat was weaker on the Chicago Board of Trade today, largely unJ 5% Cumulative Preferred Stock | (par value $100. per share) gf

f2/der the influence of expectations { MORRIS PLAN OPEN SE

Hela Min anh Heyden Ch .... Humble Oil ... Imp O Can.... nt Petrol .

Recoipie lower 1 .|top, $5.40; $3.35@4. 02

Cont Oil Del .. Cont Steel K'

f ... 51%. 0 vn ... 24% Pacific ... 7%

181 12% | | «512 . 20s V 5% 2

r Crown Zeller f Crucible St . P tess |Cub-Am Sug .. «= 34 Cuneo Press ... aes | Curtis Pub . « [Curtiss-Wr

12 Curtiss-Wr - %

Nat Bellas Hess Nat Fuel G ... Rub M.. Oklah N |G Pantepec |O

|| Ohio Oil"... Otis Elev . Otis Ste

% y . 1 . Owens Hl Glass &

ve il Copperweld St..

J6%2 7 3% +il1e Se “3D

9 Davison %: TY, ¥'

Deere & Pac

Pac Pac Pac Coast 2 Pac G & El.. Pacific Ltg

Am Fish.. Coast . Coast ] pf. pt.

1s Ya 7a

y 3

Lt & oa a & ng pf ‘3234

Yn Tdaho Sug 13 Wright Harg... 5% 5% ...

~~ DAILY PRICE INDEX [3 ¢- | NEW YORK, March 26 (U. P.) — Dun & Bradstreet’s daily weighted price index of 30 basic commodities ‘compiled for United Press (1930132 average equals 100). . |Westerday ....{.......J...:. 119/03 [Week Ago Bef arr cennfelnde 118.36 {Month Ago pnreengasens 119.

Lt. |Year AZO ....:.. "i igh (Jan] Dp 1234 H Coal . 117.95 Eng Pub

w (March 16) FOE EIGN EXCHAN Hn are noon cable rates on major fo

ORK, March 26 (U. P.).— jyrenetes: Cable et

Rates on nge | Fed (pound) «.... $3.610% ~.07% Fed Mot dollar) teswele 80 9- 16 —.00 7-16 {franc Lesa 0905 —.0004 Fid P : .0505 1701 .0180

t+]:

534

} FHSS

. oe

did

Du Pons of | |

W% al kK

37% 1882, 16812 +289 32%,

I 3

East Air Rites. 38% East R Mill East Kod pf.. Eaton Mfg |.. Eitingon Sch .. Elec Auto- =D fae.

+ ey % — Ya — 1g | Clearing ig |D «bits Ye

“ede ~

Il St aN

1 31% 3734 1454 14%

31,

Radio Column and Schedule

Phillips Pes | Pitts Stl 5 Poor

EEC

JlEng Evans eB Exchange Ex Ce 1-0

w sh EH

. oo —— Pr)

— 00037; Nos inal

Sule ®oEe

Fre Sse 33%

Gabriel A |.... o . - 18%

Gamewell

ssesas

ig on “re

I. - }. | { | | | | | | |

John T. Flynn’s colu henceforth will appear on. editorial page. Turn to Page 12. {

1 |

CER Re we

We offer:

Commonwealth Loan Co. 5% Preferred | @ $100 per share. '

NE WTON Topp

of moisture and warmer weather in the Southwest. : At the. close of the first hour wheat was % to % cent lower with May at $1.06%. Corn was off % to up % cent, oats % to % cent lower and rye % to 1 cent lower. Soy beans were off 2 to % cent, HOUSE IS EXTENDED | officials. of the Indianapolis Morris Plan. announced today that the open house at its new quarters, 110 E. Washington St., will be continued through tomorrow. More than 3500 ‘persons visited the Morris Plan offices yesterday B18 DB ih ea ; 0 - |and the total was expected to reach uant Sug .... 2% 3% -|.8% (i. |§fg at ... |8000 by tonight, officials said. The ftam watdn 1 oY 4 ‘y,|fifm was located at Delaware and ; aN ; : ; & <2. Ohio Sts. for 18 years. ole ; | #

See Final Edition y, a ba garten & Co. ‘ . of the Times. oN ka State National Seonrid S Corp. for

Clesing Stock Quotations | and Other Late D

® . J PR bE

f { { |

Price $100. Per Share

1+: +1 HI

| li

. . “oe .

ChE

Sar ) | ents |

Indianapolis Bond ond ki e erry 129 EAST MARKET STREET

SE §: 0:4:

na BN, BRENNER

29 "61d ww “1%

ad Zw 8% IR

Tenn Co ven Texas on