Indianapolis Times, Indianapolis, Marion County, 14 May 1940 — Page 15

TUESDAY, MAY 14, 1040 | THE INDIANAPOLIS TIMES PAGE 15

STOCKS PLUNGE, BILLIONS LOST IN SECURITY VALUES TRADERS DUMP | FINAL NEW YORK STOCK QUOTATIONS _|WHEAT DIVES ON THE RADIO

By UNLARD PRESS TONIGHT uel Barber, young American come

6:00—Aldrich Family, WLS. poser, by his Adagio for Strings. SHARES WILDLY I Sy dione of POW-JONES STOOK AVERAGES High Low High Low Close cles 1 0-CENT LIMIT 6:30—Information Diente WLS. : run

Al b . 4% — KORAY «..iciiiiiiitiiiiing 8M ie Natomas “ire “ :00—-We, the People, W A politician and a foreign corre be & § a Yesterday «ioiiiiiniiiiiaes NES ton 7:00—Cavalcade of Aig WLS. spondent will be guests on Informa~

“. -— Week Ago SRARARRRRARRN RRS urn +0 + 1: 30-—Professor Q BM. . - ON WAR RUMORS J by $0 Month Age oo Bi MBAR 184 Corn Off Nickel as Other uls, WI tion Please tonight, 6:30, NBC-WLS, Ait apie » Year Age ee 12088 =R19 \ AN y "aan .

£5 tlingssisss T130-Fivber NeGios, WIRE. One will be Kenneth F. Simpson,

High 1980, 152.80; Low, 137.68. Grains Plunge. in Questions about nylon stockings| Republican National Committee cod aig 5. oD a | High 103%, 135.02; Low, 131.44, : will be answered on the “Cavalcade| member from New York state, who Losses Range to 15 Points; D {bw 2 8s — %|reday 20.54 Te : » Wild Selling. of America” broadcast at 7 o'clock,” "ol Teed ope Le TO : : 8 XRAY +o iiiiiniiiiines RNAS rs Ld - yw 4 «on tonight, NBC-WENR, on the eve of | J, 1 Fry Foor 2 nn Gunther, Sales Near 4 Million; a an SIWOOR ARS i ioiiinnnnnitane S088 oe | CHICAGO, May 14 (U. P).~|the first public sale of the hosiery. thor of “Inside Europe” and “Ine 1 LT Heaviest liquidation in seven years Dr. G. P. Hoff, director of research (1% 0°, § Sagope : Tickers Late. | ove ARS TOAr Age ..oiiiiiiaiiii RORY ot’ - : carried wheat futures on the Board of the nylon division of E. I. du Pont |5:d€ ASi@. tore. SH High, 1840, Ri Low, 21488, . = [Nore 8 \ > + of Trade off the limit today as all| go Nemours & Co., will answer ques- 8 » = NEW YORK, May 14 (U. P)— ne Th 2030, 3840} Low. 3814. at Amer 835i contracts dropped below the dollar|tions asked by a typical American| moreign short wave broadcasts to-

Billions of dollars were slashed from | Ai va ifh = Jlt[retay JB VIHA 8. | mer Bf... a level for the outside permissible loss| housewife,

PS iiiiaitanes assay of m “W|of 10 cents a bushel. Othe in night: Berlin, 5:30, philharmonic the valuation of securities and com- RLXGHEERY +susisrevseerasses % 0 Nyane 0 cents a bushel. r grains “a 8 =» » ’ modities on leading United States|am Ag Del 3 [Week ARS «\iviieeniniiiains wn a | Quickly followed and soy beans and| yonorng the scientists attending|concert, DBX—-0.61 meg. and DIC exchanges today by a late liquidat- Am Altlines [0 634 Month AK® ..iiiiiiiiiiiinns len Tye also hit botiom. the Pan-American Scientific Con-|6.02 meg.; Moscow, 6, RV06—15.24

, % Wheat closed off 10 cents, the v : ing wave accompanied by wild |} Be N kis am Your Afe 8% ‘ ress in Washington, Arturo Tosca-|meg. and RNE—12 meg.; London, 7 Am o Me High 1040, 20.45; Low, 22.5%, fer Rim’ dq ten limit, with all closing prices sellers. s hoa ngLo Symphony Or-|talk, “Cards on the Table,” GSD—

rumors regarding events abroad. |Am Bosch .... A SE Nir ues High, 100% JR108 Tow. B03) eo pia i 3 1 iA NS ry canta. chestra will feature North and South [1176 meg. and GSC—0.58 meg.;

“ea HN 3 , . o— prenk Fas proab sine FRE ad ad Z| SN of (hn oun Americ composers oni, Th, panes mule, JE near four million shares with tick- \ “ 5 th «|to 87% cents, May 37% cents, and|(fiISt pars of the program may bel =. " DXB—0.61 me! d D ers late most of the day , as al. “ 54 rye 10 cents lower, May 55% cents heard from 8:15 until 9:10 over by ABC, D2 Ro 61 ry A an ae Righes-amade, treatment. shares 3 aed, Soy beans were of § conta n| WENR and, the atte parton, be | 6:42 meg; Rome, 8:36, musical were dumped. Losses ranged to al- |; : all months, May 98. +40, " ' : 4 \ most 18 points in du Pont. Ameri | An & fe £5 Minneapolis and Kansas City also| Lorenzo Fernandens, Brazilian com- 2340 meg. and 2RO6—06% meg.; can Telephone was down almost |Am Enc Til .. reported maximum losses in follow-|poser, will be represented by his London, 9, talk, “Under Nazi Rule, Fy ing the plunge. Reports of Allied “Batuque Danza Di Negri” and Sam-|GSC—9.58 meg,

10 points. Losses in the main list RO % points and Yiohe. reverses in the Low Countries pre- Ll THIS EVENING War and peace stocks alike were olpitated the sudden mid-session thrown overboard in a wave of emo- rush to sell after th® market had (The Indianapolis Times is not responsible for in oles in program a ruled weak In earlier trade. Stop- ments, caused by station changes after press time.) CISCLNAT

tional liquidation fed by wholly CH unconfirmed rumors that Italy was 1055 Selling Pris Nneoveled on the WR vii . RARE To 0 WESTWENR 870 WLW 7

entering the war; that the King ree pt To BC-] (NBS Net) (NBC-MBS) of Italy had abdicated; that Hitler |A fier, Tint ment. 00 Pleasantdale Dick Stable Dick Stabile Cotton Queen Loco

us oriegsy now would propose a peace and’ fafety Proaram ome Edition Rhumba Or. Kirby & White

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i HEovatore Bick, er Sports Yu Brown Pan ik Bir, Town Johnny ny Presents Aldrich Family Johnny Presents Missing Heirs Horace Heldt Information, Pls. Horace Helds

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that the Allies would accept his); terms, and that a conservative market service had advised an im- |} portant investment account to sell its holdings “at the market"-or for | what they would bring. U, 8. Bonds Break Am Roll Hundreds of issuds broke to new: A | lows for the year and longer and a Razor the general list plunged to the lowe est general levels in almost a year. U. 8. Government bonds —- cone sidered the highest-grade invest-|a® SH XS ment in the world--broke to new Am 1940 lows. Domestic corporate bonds | Am sank. The foreign list had relatively | Am Am Tobacco .. 80 small losses, Am Tob B... 82 Mechanical facilities of the Stock|Am Tob pf ...1484% Exchange were hard pressed and [AM {wpe Too. 3a near the close the ticker was four|am wat Ww... 9% minutes late with prices still 4m

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st Cong-Nairn ong a oy, Con R YL . Sik aah dropping Am yo Cons C » TS ob aa : Am 2 “ Du Pont Down $19 Am Zino pr pt a 8 le Ring . wn" Near the close, du Pont sold at|jhaconge ...o 3™ [1083 around 161, down 19. American|Anchor Hoe GI 1% oss Cons Film pf . oh Telephone appeared at 154, oft[{n HALE Pt 113 Cons Laundries 3ta 10%. Douglas Aircraft sold at 81%, |Arch-Dan-M .. 30% peat tL SIRAREY ja off 4%. Chrysler fell to 67%, off| Armour Del pt 103 Cons Coal vie . 5% and General Motors also tum-=|amm m pr pt cons bled more than § points to around ATA FOR AY Container = Allied SHemienl dropped more Artioom es an 8 points, sso Dry s Bethlehem Steel broke 8 points|aMe Inv pf. and U. 8S. Steel about 6 points, Rails replaced early small gains Atl G & W I pf 1d with losses running to more than an AMAR 23% a point, Utilities dropped a point|Atlas Corp £4 8% and more. Losses were being[{heS GAP Pt 41. widened in most leaders with tick- Atlas Rdr pt (12013 1204 13 ers still running at 3:08 p. m. tas . 2 Auburn Auto .. 1 1 The last transaction did not ap-| Austin Rich... 2 3 pear on the tape until 11 minutes Aust Nich A. 204 194 194 ft th lost 3 Aviation Corp 5 5 after e closing Pp. Mm. RONR.| Bald Loco ct. 5% 15%

Final prices were at the day's worst| Balt & ohio. 3 levels Balt & O pf.. "i 4 . Bangor & Ar. N Bangor & Ar

Barber S ATH 0 14 Barker Bros Barker Br pt 8 Barnsdall ... 10Y4

BAR an LOSE 10 CENTS |.

Yesterday's 10-cent advance in hog prices at Indianapolis was wiped out today on all weights | above 160 pounds, the Agriculturallp Marketing Service reported. Hogs weighing less than 160 pounds sold at yesterday's price |p; levels. The top price quoted fell to $6.15 for 220 to _230-pounders,

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WEDNESDAY PROGRAMS DIANAPOLI CINCINNATI BL INERT Wine Toss (NBC-MBS) « (NBO Neto (NBC-MBS) WLW 700

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oclety Girl Mary Marlin Musicale Mary Marlin ollywood Ma Perkins Harlin Bros, Ma Perkins Jack ard Pepper {a favier Cugat Teover Youn Wheeler Mission Vio & 8 aven of Rest o & Sad

t Backstag i Plano Moods Buchsiaee “Wits Ie strel Hal Stella Dallas Want a Job? Stella Dallas Safet Program Lorenzo Jones oncert Hour Peter Grant }__Novel iteers Widder Brown " ” Kitty Keene

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4 Ka “ on KEY NETWORK STATIONS (Subject to Change): Rubber. 24 % | MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850. Smeit..} 54 ‘ | NBC-BLUE—WJZ, 160; WOWO, 1160; WLS-WENR, 870; KWK, 1350, Smelt Pf 70° 69% 601 NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. "Stee it I Chalit | RL £4 4 | CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. b

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UnStkyd ...1'3" ‘3. 3 4 DAILY PRICE INDEX RITE’S

Un Stk Yd pf 6% . AlUn Stores A, 11 % , NEW YORK, May 14 (U, P.),~

univ Lot 8 ( ( Dun & Bradstreet's daily weighted GUARANTEED

Yadeto. Saks 338 | price index of 30 basic commodities, W ATCH Vadsco pf .... 16% 16% ; (compiled for United Press (1930-32

van Ragite pt [113° 13 4 [average equals 100): Viek Ch .“ 46% a / Yesterday essssvssnsesnceness 12153 ry 2 2 Week Ago tesssesesensessees 119.86 DONE AT a Month Ago esesssnnnsnsesese 12043 OUR USUAL

3 &C pf . / y Virginian Ry .. 42 — Year Ago Sess sessssnsnssnne 106.64 Virdinian Ry pt ii Hu 3s 1940 High (Jan. 2).......... 123.34 LOW PRICES 1940 Low (April 2).eeeeessees 117.46 COMPARE and SAVE!

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yellow T pf Jie 18% Yoong 8 & W. 1 9 Joung hee ‘ ais’ 91 unk : ® Every time you hear a fire the policyholders of mutual Zenith t i WE aeiiad’ | . (! . truck roar down the street, you companies. The “Grain Deala, A S _— - can be certain that it's on its ers Mutual” —one of the counway to a fire that's partly yours. try’s leading mutual companies As a property owner you help —has saved and returned to its COMMERC(CI AL LO ANS a pay for fires fhiongh insurance policyholders more than 3 premiums. If you rent property, $17,000,000. Your resident to Small and Lar ge } you absorb part of the cost in agent listed below will welBusiness Organizations : the rent you pay. come the opportunity to ex. - 8 * X Xk plain to you how it is possible

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Even If It's Three o'Clock Save on Auto Supplies, in the Morning Radios, Sporting Goods HAAG'S ALL-NIGHT DRUG and Hardware at

STORE IS OPEN "Western Auto" EE0q and Merdisn 363 N. 111.—301 E. Wash. Week-end

WATCH REPAIRING — 3810 College Ave. ERIE Re ET

T t Coach hei Ag : tumpe tonsanto of A Instruction °§ * Excursions JR i

INDIANA MUSIC CO. 11S E. Ohlo 8t__ LL 488 _| GOING SATURDAY [Mit

OUTFITTERS TO —————| GL EVELAND $5.50 Unsingwear |. vy GC MEN, WOMEN and CHILDREN ELINED Men's hho AE MAL IFFAY

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