Indianapolis Times, Indianapolis, Marion County, 21 May 1940 — Page 13

TUESDAY, MAY 21, 1940

High Low wi Ao

Net Ciose Change

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS —8.80]

By UNITED PRESS

ci THE INDIANAPOLIS TIMES

FINAL NEW YORK STOCK QUOTATIONS

HOG RECEIPTS

Net High Low Close Change First N Strs ...

8%

Net High Low Close Change

Wy

HALF AS LARGE

TONIGHT

6:00—Aldrich Family, WLS. €.30-Information Please, WLS,

PAGE 18

ON THE RADIO

It will be brother against brother, Rhodes scholar against Rhodes

scholar and Morley against Morley

when Felix Morley and Christopher

114.18 t Sup 2 pf. Ba

3 7:00~We, the People, WFBM.

: AS YESTERDAY iffy sei

7:30-Professor Quiz, WFBM., 7.30-Fibber McGee, WIRE. Most Prices Rise 25 Cents Here; 7000 Porkers

Wendell L. Willkie's talk to fel lew Hoosiers in New York City toAre Shipped In. Hog receipts at Indianapolis

vight at 8:15 p. m., will be broadcast by CBS-WFBM. i * | dropped to 7000 head today, approximately half yesterday's total,

The Elwood-born president of Commonwealth & Southern Corp. . (enabling prices to regain much of yesterday's loss, the Agricultural

will speak at a Hoosier box supper sponsored by the Sons of Indana which expects “swarms of 52 | Marketing Service reported. Weights above 160 pounds advanced 25 cents, but lighter weights

guests.” “In fact,” one Son of Inhana living in New York said, |meg.; Berlin, 7:30, “Germany by and pigs, which had but limited competition, advanced only a dime.

“about every other person of im- ABC,” DXB—9.61 meg. and DJD-—-portance in New York City seems 11.77 meg.; Rome, 7:40, symphony to come from the Hoosier state.” orchestra, 2RO3-31.15 meg. meg, Mr. Willkie is expected to speak in| 2RO4—2540 meg. and 2RO8--1961 the “best Rush County cracker- | mec : Tiondon, 10, news uulletin, Bulk of the packing sows got away oy |at 15 to 25-cent higher levels before 1% the trade on this class weakened 41, and late sales were only steady. 3 Trading on all barrows and gilts

barrel style.” GSC—9.58 meg. developed actively at the advance. The top jumped to $590 with , | weights between 220 and 230 pounds heading the list. Yearling and heifer trade drew favorable response from order buyers as well as local killers and any price loss experienced yesterday was 5 fully regained. Vealers dropped another half dollar with a at $10.50. Steers gained some, cows sold fully steady and bulls strong to a shade higher.

Abbott Lab .... 54 50 4% Abr 36 36 3712 3%

Sle 17

144 36% 60

52% 36 3% 5

Fuhtkote Morley are “Information, Please” guests tonight at 6:30 NBC-WLS, Felix Morley is editor of the Wash« ington Post and president-elect of Haverford College. Christopher Morley is regarded as & “semipermanent fixture” on the program, » » » Foreign short-wave broadcasts to= night: Moscow, 6, RV96-—15.24 meg. ana RNK=12 meg; Lonaon, 7:1s, play, “Vanity Fair,” GSD-1175 meg. and GSC—9.58 meg.; Tokyo, 7:30, Japanese music, JZK-—15.16

davai terseaaaease 12R2% 0.86 | Foll +o. 122.48 Unchd. . 14898 + 0.92 131.5% 0.68

— -

Yesterday Month ago Year ago High, 1940, 152.80; low, 122.43, High, 1939, 155.92; low, 121.44, 20 RAILROADS

So >

| Adams-Mil ) Addressograph ..

BREAK SHEARS BILLIONS FROM STOCKS VALUES : 1

Ticker Facilities Swamped 2 As List Plunges to

»

22.15 23.98 26.38 30.76 26.90

COB RICO CO

Yesterday Week ago Month ago Year ago High, 1940, 32.67: High, 1939, 35.90;

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THIS EVENING

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

no ANArOLIS INDIANAPOLIS aM WIR 30 (NBC- 8)

S NET hl Dick Stable Home Edition

Program Poppy Day

Safely ovee Jordan orld Dessa Byrd

Today Dic

~ Wa wr T¢ me vartet Time yncopators Reed News Hoosier | Sports Johnny Presents Horace Heid

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KEAN ANK

FEELENITT:

AGO WLS: PWENR £70 (NBS Net)

Red Crows nilermeszo humba on Bu d _Barto

CINCINNATI WLW 7 _ (NBC-MBS)

—— Cotton Queen

Kirby & White Lowell Thomas

Fan \y Aces Inannounced ou Persons ker > Jomon

New Choral _Program__ | Dnvide. _Seorts Aldrich | Family ~ Johnny Presents Information. Pls, Horace Heidt

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Bat tle of Sexes Fibber MoGee

"We, the_Peovle Prof. Quis Teivenn Milley Wendell wil kie = Clubmen © Amos and Andy

fanny Second

Bat te of Sexes Fibber McGee

Cavaloade WW "

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10 0 C lock Final

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Bob, Rong

Doghouse

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Ton Rents ... 8 8.00 . NOB 5.90

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Pleasure Time hits Is the Fair » V. Kaltenborn yin eter. Grant Mal Snv Gardner “Renedirt Community Chest

Buddy Rogers Moon River ” »

Pleasure “Time ick Reed

Baseball Ted Weems

Bobby Byrne Outyide Looking In Mugio You Want

4000 14.125 NER |

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Park Utah ..... Parmelee Pathe Film ... Patino Mines |. Pen & Ford Penney

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Yeh Thane

— At RITIEILINS

& i y Inv City Stores |Clark Eq {Cl El Eim pt’ .10¢ {Cleve Graph Br 297% {Climax Moly Co 21% | Cluett Peab Coca-Cola , . Coca-Cola A Colgate- P- P

Barrons and Gills Packing Sows a ———— 0 § 4 3.85- 4.85 320- 3% $ 4.85- 5.1 8 70) 4 85- 5

: 75-

5 4.60- 5.00 4.45- 4.85 4.40- 4.65

! 4.10- 4.90 5.45- 5.55 Slaughter Pigs IMeAtum and ond 4.85- 5.70 00- 120.. 3.60- 4.35

5, | Slaughter Cattle & Vealers oe, 1760) a |

Taw Ruby } Newman

Wires Prevents Ted Fiorito “Daye Dennis Red, Nichols

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Chuck Foster

WEDNESDAY PROGRAMS

INDIAN APOL is INDIANAPOLIS CIN ATE WIRE 1300 WIBC 1050 (NBC-MBS) (NBC- MBs WLW 700

" — e— awn Patrol evotional ex, Millie, Dollie arket Reports one County

Symphony Pawn Patrol Breakfast Lime to Shine " » » hy : Gospel Singer

Basonology " Portia Blake

News ” — s— Man } Tarried Midst Ellen "Randoion Kitty Keene

Jinda’s Love Road of Mie Asamnst > Guilding Light ee ——

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Rhumba Or. Javee Jordan Home EA oon Kirby & White Lowell Thomas

World Todav Poetry Week 18 ov. Comet KEY NETWORK STATIONS (Subject to Change): ; Sa. t% = 5 ven ™ . | MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850. W | 7nd Cand “pt =U; NBC-BLUE=WJZ, 760; WOWO, 1160; WLS-WENR, 870: KWK, 1350, 107 % — 1 | NBO- RED—WEAF, 660: WTAM. 1070: WWJ, 920; WMAQ, 670. "| CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX. 1090; WBBM, 3

} BUSINESS AT A GLANCE yoNsHY

47% Ame a orn gee Co. and - KALTENBORN EDITS THE NEWS!

312 (wholly-owned subsidiaries year 12 | ended March 31 net profit $1,057,058 ti; equal to $1.84 a common share vs » | $454, 674 or 19 cents previous fisca' | year, Both Fund ap 30 net assets] Grumman Aircraft Engineering W L Ww « | Corp. Unfilled orders currently on] 3 | proximate $9,500,000, record hi 7 and $3,500,000 more than if P. M. | March 1. DAILY PRICE INDEX| NEW YORK, May 21 (U. P.. Dun & Bradstreet's daily weighted Listen to America’s favorite [price index of 30 basic commoditles, news analyst every Tuesday,

1, compiled for United Press (1930-32 Thursday, and Saturday night.

"s laverage equals 100): 7 | Today 115.95 Same time. NBC stations. 116.52 |

| Yesterday "| Week Ago 119.44 _ 4 \ - av | Month Ago 121.79 / 106.72

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| Va B1&P 6 pf 118 112% | Virginian Ry . 39 | Vulcan Det 82% 80% | —We Wabash ' i) Wabash pf A . da Waldorf Bys 8 Walgreen 18 | Walgreen pf ww 83'% | Walker (H) 21Y% | Walker H) 11 3% 4%

15-16 145%

early victory unloosed a fresh sell- | | Am Leath years. Several billions were sheared [Am Bosch .... 6% | pace since the war boom of last | Chn & C i Am Com Alc 4'% New successes claimed by the Am & F Pwr 1% exchange officials insisted that no Am-Haw surances came from the Securities Bonds joined the decline, with up almost $30 per $1000 bond to] more than $1.50 a bale. Floor brokers reported a good type Am T & T ....152 by “good hands.” There was less Am JIvbe E Ww \ counts already Am Woolen pt Anchr Hock Gli near the close when a rumor spread | Armour Del pf 100 mit corporations to support their Arnold Const Atchison 10%. TU. S. Steel fell as low as 42,|Atl C Line | Atlas Corp Aircraft lost almost 6 points and Atlas Pdr Allied Chemical, Coca-Cola, du |Austin Nich points at the lows. | Bat & Sie its recent 1940 high of Barber Asphalt closing minutes. : vio BBY 5 ‘oe . = | Ben Ind Ln pt. | Be cers 26 I Blaw-Knox on Ami B | Brew Cp Am. Wheat closed 13% to 21 cents] Bklvyn & Q market influenced periodic spurts |Bucvrus Erie in the tide of the European war was Buliard | Dist Seag Bush Term lal Douglas Airc ... 80 Allied prospects. utler Bros pf. shorts and a mod- Bvers A M ; tained. Rains in winter and spring |G2llahan Zinc. . Only Tt

2-Year Lows. Allied Stores .. NEW YORK, May 21 (U. P) — [Allied Stores pt 80 ing deluge in stocks today and Amal Le oo. prices dropped as much as 10 points |Am Ag Del .... 14% to the lowest general levels in two jm Arlinet ... 53% . Am Br Shoe .. 30 from paper valuations of securities. am gy sh bt. 130 Ticker facilities were swamped as |Am Can .. 2 trading stepped up to the heaviest | Am Car & “» pf. September. Volume was running | Ain Chn & C pf.102 well over the four-million share Am Circle ..120 level. Am Colortype : 6 Am Crvs Sug 10% German Army alarmed trading am Sear.” Tu quarters. Business on the exchange An % re was orderly, however, and stock am & F b 85 i jm & F Pw 2 pf action had even been considered |am Hide & : other than to “keep the market|Am Home Pr. open and functioning.” Similar as- |; & Exchange Commission in Wash- |: ington. German Bonds Gain exception of German Government | issues traded here. In cotnrast to A the trend, German funds moved | Ay new 1940 highs. |& Hides and rubber broke more A than 100 points. Cotton was Traders ignored domestic news and most of them dumped stock|Am Sugar ..... holdings for what they would bring. [pn Sue Bt of buying on the scale down and Am for a° said much stock had been taken |Am Tob pf Am Water W .. 67% marginal selling than last week, be-|Am Wat W 1 pf 9 cause most Of the impaired ac- {Mm Woolen had been over-|Am Zinc OW Anaconda 2 thrown. Anac W&Cable Bethlehem Plummets $10.75 Andes Cop Some support came into the list APY Paper ... 2 that the SEC might ask the Stock | Armour, i op Exchange to relax its rules to per=-| Armstrong ey. 291 own securities. | Ase Dry Gas . “War-babies” were hardest hit. | Assn nv pf Bethlehem plummeted to 65%, off |Atcnicon ot off 8, before meeting support. Doug- ad Gat 3 las Aircraft crashed 11% to 71% |Afl Refining and came back slightly. United |aias corn ot. Glenn Martin at its low was down R113: Cd almost 8. {Auburn Auto | Aust Nich 4 .. Pont, Eastman Kodak, Internation- | Aviation Corp al Paper preferred and Westing- | house Electric were down 9 to 13| Bald Loi O pf Loft sold at 15%, off 6'%, com-| | Banger & Kut pared with Bangor an S0%. T s Barker Bros 4 t came back slightly in the | parker Br pt | Barnsdall & Co | Beth Steel 74 Beth Steel 7 pf 115% Bigelow San 167% CHICAGO, May 21 (U. P.).—The Bliss & Laugh. J ? SEVER Bloomingdale wheat market on the Chicago Bored | oines prices fluctuated rapidly over a wide! Bona Stores ... range. Price levels during most of | Borden Warner | the session were substantially below | | Boston & Me .. Bdgept Rass Mela y 3 . Ss £ lower. May, 82%. Corn was down rises & Strat 3% to 7s cent, May 63%, oats 1% to 1'% cents lower, May 38'; asked, and E bid. Soy beans were off 1% to 2% Bkivn & © or ct cents, May 913% asked. | Bklvn Gas w 1 | Bucyrus E 7 pf 9 otf selling which counteracted mod- | Budd Mf . erate rallies. An overnight change Budd Mig pt... 26 [Siam M bi [Bu S responsible for the generally weaker Bulova W . --- (Bit, co Ming tone of the market and a reported | Burroughs Doehler D Cast 18 pincer movement by German armies | a Dow Covering by ht erate milling demand induced good |Byesn © Jackson. rallies from time to time but the] | Calumet Re wheat belts tended to discourage Camphell ws new buying. SANA cite

) Allis Cha . Fears that Germany may achieve an | Pha BP oh x Bayuk Cig ek IBlack & Decker 16%2 of Trade was nervous today and | Bohn | yesterday's close. RE rt Ss y 1 rye 2% to 2% cents lower, May 451; | Bkivn MT ot et Continued heaviness in the stoc {Brine Balke... Wheel Diam T Mot .. {Bush T B pf ~ 6 1%, | Dome Mines ... was regarded as greatly endangering Butler Bros Dre Cop&Z higher levels could not be main-| cal Packing ... Pacific

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Indianapolis Bond and Share Corporation

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Save on Auto Supplies, Radios, Sporting (Goods and Hardware at

"Western Auto”

363 N. Nl.—-301 E. Wash. 3810 College Ave.

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Even If It’s Three o'Clock

in the Morning HAAG’S ALL-NIGHT DRUG STORE IS OPEN 22nd and Meridian

McXeesport McKesson & Fb

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gi ® You know the expensive re- - a8 | Fellow aw pair bills that follow an accigop | TOUNg Sheet eB dent—even a minor one. Figwn | {Jounk Sheer pis. ures show that by far the majorcond ity are caused by reckless driv- — = 2% ers and irresponsible persons that careful drivers are in. volved in far fewer accidents. Careful drivers choose Mu. tual Insurance for they can reduce the cost of their insurance

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Miami Cop .... Midcnt Pet Midland Stl Midland Stl pf 113%

Per Lesson

Trumpet Instruction

INDIANA MUSIC CO. 115 E. Ohio St. LL 4088 _

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EFITTED Clothes TAILORING CO. 235 MASS. AVE. FURNITURE for LESS at 225 E. Wash. IR & RC. wa, s010 Ventilated SAILORS

For coolness and comfort,

LEVINSON

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. 100 -— 5 => by helping to reduce accidents. The “Grain Dealers Mutual” insures thousands of these persons, which explains the substantial savings that have annually been returned to policyholders. * % * Claim and service facilities are available to motorists through the resident agency below and throughout the United States.

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OUTFITTERS TO WOMEN and CHILDREN

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WAGON WHEAT Indianapolis grain elevators are paying z| for ho: ine do on heir i aap | other grades o ’ IRR, 2 vellow shelled, 58¢c. No. 2 white shelled, 64c; No. 2 white ues 32¢.

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129 Ww. Wash. Indiana Theater

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Mueller Br . Mullins Mfg B Mullins pf .'s Munsingwear Murphy C Murphy Murray

It's a real thrill to live in a home all your own! Atkins will gladly work out a mortgage plan especially fitted to your individual needs. Get full benefit of an easy-to-pay direct-reduction type morgage loan—to buy, build, or refinance your home.

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LEARN TO PLAY IN 60 DAYS

Guaranteed course of essons given Away with every new wviano. Easy terms.

ALT THs 8 120 ERST OHIO ST. SPRING COATS

$5 to $16.95

MILLER-WOHL CO. 45 E. Wash. St. RI-2230

GRAIN DEALERS NATIONAL MUTUAL FIRE INSURANCE CO.

Home Office:

CHECKING ACCOUNTS With Complete Commercial Banking Service

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