Indianapolis Times, Indianapolis, Marion County, 27 May 1940 — Page 13

MONDAY, MAY 27, 1940

STEEL OUTPUT,

WAR NEWS AID STOCK PRICES

Trade Is Lightest Since A Germany Invaded Low Countries.

NEW YORK, May 27 (U. Trading in stocks fell off today to Am the lightest levels since Germany Am invaded the Low Countries, Prices Am rose fractions to 2 points under lene A of steels. Bonds improved. Com | Am modities were mixed with grains! Am

lower, gy

| Abr

| Amar, Wall Street attributed the orderly Ama Fey: strength in stocks to apparently in (Am Haw

creased Allied resistance to the Ger- |} [Am mans and inflow of war orders, im especially in the steel and aircraft Am industries, lam ‘Conforming to the war pattern, | An

[uot 3 Lap pf 115

| Acme yg | Adams Exp .. Air ede 1

Alr-w | Alnskn. yam

Alley h RR | Allg

} Allen Allied Allied Mills .. Allied Shue -~ [Aral al . ma P) =| Amerada

{Am Oan

FINAL NEW YORK STOCKS

- =» Oo

& Straus

Lacan & B35 FESTIEE FFE - Br FEFEEFE FFEF

sess red vr

ndust Chem

fi) A mons

CAFE

FEF ‘--

Leath

Ag Del .... BB Airlines Bank Note Bk Nw i» 13% m Bosc

Br Soe. ‘ Ey Can

»S ABLE FETE >» FR FEE

29T8E A ns & FF

—raeopt 5% 15%

&F Py 1% wr $6 pt 10% $7 pf 12% wr 2pf 3

28 Va Hide & L..

35% Home Pr .. 503% © “ 2

Loco 12% Moh & oy 1054 Metal 14

ww the steel industry stepped up its) am Pa

operations to 769 per cent of ca~ | Am

A pacity in its schedules for this week, | | Am Seat

according to the American Iron & (A Steel Institute. This represents a _— rise of 39 points or 53 per cent A™ from the rate last week and is the | am highest operating level since Jan. | Am 29

Am | Am

The magazine Steel in its weekly Am summary foresaw possibility of [Am shipment delays if steel orders con-| am

m oien pt.

! Anaconda

Roll Mill .. Rafe i 200 an

m Ship | a 9% Sm 36% Sh 7 ‘of 124 Stl Pdies .. 22% Sugar . 15 Sumat TT Pobacco Tob B

Type FT .. Water Ww Woolen vag t . 30% Zin «uD

tinued to pour in. Steel shares were active and at the highs registered | gains ranging to more than two

22% |Anac We&Oable. 25 Anchor H Gl 5 110 Andes Pu R184 Apw Paper

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS +162 +081

22.76 23.08 90.74

CERNE TE Es stare

Year Ago ‘ Wigh, 1940, 32.67; Tow, 22.14, Wigh, 1089, 85.90; low, 24.14,

18.52 werner 1989 Month Ago ....... Year Ago High, 1940, 26.45; low, 18.25. Wigh. 1989, 27.16; Tow, 20.71.

High Low

. 13 «19713 118%

Duques L pf....112%

Bast Air Lines Bast Kodak 0 Ea Ni wl. 189 RO ho . 20% 13% Lt. 3% . 19%

31% 3

“cello

Fairbanks pf Pair Morse

s | No Am

Mar Bh: I yee ¥ ho : 3

4, Nat A 18 Nat ~ 1k

. 1 “i

1 in

6Ys

pt St .. istillers “

i’ wv Norf & West. No No Amer 5%, pf Avni. .

Net High Low Close Change

paps + ’ is PESEF F FER

1 I BI0Y: apa

THE INDIANAPOLIS TIMES

Wins Safe-Driving Award

PAGE 13

Fultz

a safe-driving badge.

In recognition for one year’s driving without an accident, Clifford oa was presented a safe driving award by John Sloan Smith, of Hogan Transfer & Storage Corp. The award, made by the Hartford Accident & Indemnity Co., consists of the certificate and

DAILY PRICE INDEX

NEW YORK, May 27 (U. P.)=| Dun & Bradstreet's daily weighted | price index of 30 basic commodi- | ties, compiled for United Press |

Te Yim average equals 100): Tod

Hy | 116.52 121.13 |

WR BBD vvevr vr vrrrr ven Month ago

ADVANCE MADE IN HOG PRICES

ON THE RADIO

Australia’s viewpoint toward the war and the situation in Asia will be expressed by the Rt. Hon. R. G. Casey, Australian minister to the United States, at 9:15 oclock toHg, NBC-Red. Mr. Casey will address the English Speaking Union. at the University Club at Milwaukee, Wis., on “What Australia Thinks.” » w »

Wilbur Shaw, Indianapolis 500mile champ, will receive a medal as “National Racing Champion of 1939” on the Alfred Wallenstein-Margaret Speaks program at 6:30, NBC-WIRE. The medal will be presented by Capt. Eddie Rickenbacker, Speedway president, and Mr. Shaw will be interviewed by Brownie Carslake. . +» Two G. O. P. Presidential possibilities will speak tonight as Thomas E. Dewey talks from Dallas, Tex., at 8:30, Mutual, and Frank E. Gannett, Rochester (N. Y.) publisher, is heard from Multonomoak — |County, Oregon, at 10, NBO-Red.

Eddie Peabody, American banjo ace, will be Alec Templeton’s guest tonight and will be featured with Mr. Templeton in a world debut of the latter's “Prelude for a Harp

Guitar.” Have you met Yvette? The singer from the Creole country will make her debut in a sponsored |

Top 1s Boosted 10 35.90 aS yoaqcast as guest of Sammy |

Year ago ERE 1940 High (Jan. 2) REE 1940 Low (May A

10748 | 123.34 | 115.31

11,341 Porkers Arrive

" » "

Kaye at 8:30, NBO-WIRE. . . Andre Kostelanetz will play some of the tunes from “Catfish Row” in Charleston, scene of “Porgy and Bess.” Tony Martin's solo will be “Imagination.” , . , Radio Theater, first presented from New York City in 1034, will celebrate its fifth year under direction of Cecil B. DeMille by presenting Olivia de Havilland, Herbert Marshall and Heleh Chand= ler tonight in “Vigil in the Night.” . + + Gene Liockhart, movie character actor, will be interviewed on Little Ol' Hollywood at 6, NBC=Blue, " ” » European shortwave news broad casts: Rome, 9, 2RO3=31.15 mega= cycles, 2RO4=2540 meg. and 2RO86 =-19.61 meg.; London, 10, GSC=9 58 meg., and Paris, 10:45, TRhA=11.72 IGE TPB=1184 meg. and TPO= 9.52,

» » » “Rapsodia Sinfonica,” a modern Spanish work for piano and ore chestra, will be featured by the

Columbia Ooncert Orchestra at 8:30, CBS-WABC. The orchestra will be conducted by Bernard Herr mann, Eugenia Buxton, young American pianist, will be soloist. James Melton and Francia White will sing “Make Believe” from Jerome Kern's “Show Boat,” on the Telephone Hour at 6, NBC-WIRE. Prof. John T. Frederick will select the spring season’s best books on his “Of Men and Books” pro=-

gram at 2:15 p. m. tomorrow, CBS, The broadcast will come from the | Hotel Gibson at Cineinnati, 0, where the American Library Asso= ciation convention » being held, » »

THIS EVENING

| Armour (The Indiana

Times ©» nwouneements caused by Aiation shanyes AT OaTs HR EE a Poa ok. r You Wotkehon *Youty On ng, © of

Hm. - us Tupe-wn, “Time Tetsphone Hour C

points. % AN e Tw Bt a 2 bo | th Be To mh i Dow-Jones in & survey estimated | Armeirone Ry, Pt ® 3 Aus 3 a * backlogs of the aircraft industry at | [Arnon Const on 865 million dollars, not taking into | |Asso Dry Gs. 4 consideration additions to come (Asse Tnv pf... 2 from the U. 8. armament program. atl C Line .... Aircraft shares were less active 4H fas ng than steels but prices were firm. Austin Rien - A firmer market for copper, n= Aun ®pired by outlook for heavier war demand, sent copper shares higher. Gains ranged to more than 2 points

not Jespbueiie for inaceuracler th program ans e.)

changes a fter press tim APOLIS HIC CINC NNATT RR WLI hoi Foe

World Peace Wo 3 = . » Mateoim Olaf

Whisperin Rn thm y Tome } Edition 1 Baro on A

At Stockyards. U. S. STATEMENT |

WASHINGTON. ‘May 27 (0, 1.) iow Price advances ranging from 10 to ernment expenses and receipts for ihe | 25 cents were made in hog trading ta Yeon awe: May 24, com: at Indianapolis today, the Agricul aor 3 a Tis a} Marketing Service reported. All hogs weighing more than 160 |=;

Rebeipis. ‘ . 4 1488, 2s. Pt eo 291 , Rros De we (pounds sold 10 cents higher than closing prices, while 0 4 335.508. | those weighing less than 160 pounds '289,103,473.21 sold 25 cents higher. The top ad=

Firestone pf A. Plintkote Mlorence Stove. Follansbee Food Mach ... Foster Wheel... 4 + | Pac Fost-Whi pf .. 63 $3 - Pac Coast Francisco Sug . ’ Preept-Sulphur.

Owens

Folltes Rin & White Yowell hk

th Rishard Bimber fn Tolls” Bake & Denton Fiwest instow » ‘ide Sports

Tetsnhone Hour

Bt pt API IODOOn

£2 =

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£333

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52.923.137.24 | Gair Robt 3,533,396 68 | Saturday's Gamewell Co Gen Gen |

Bald Loco ot...

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Customs ,.. 315 462,207.52 Sha, Stars

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in American Smelting. War stocks generally responded with good gains to modest orders. J. I. Case jumped 4 points and other farm implemet issues were firm. These companies are equipped

to turn out tractors and other items |

for military uprposes. Shipping

shares held well. Rails, utilities, mercantile shares Sloss-Sheffeild Steel jumped 7 points and several other highpriced inactive shares scored wie= advances, reflecting thin markets.

LOCAL ISSUES

The following quotations by the Indianapolis Bond & Share Corp, do not represent actual price offerings, but merely indicate the approximate market level based on buying and selling quotations of recent transactions. Stocks Bid Ask Agents Finance Corp com..... Tha 9 Belt RR & Stk _Yds com .... 52 Belt RR & Stk Yds pid vere D4 Cent Ind Pow 7% pifd........ 83 Hook Drug Inc com Home T&T Ft Wayne 7% pid. 2 Jud Asso Tel Co $6 pr ‘

building stocks and

Indpls Gas com Indpls P&L com Indpls P&L 67% P&L s Water 5% Lincoln Nat Life N Ind Pub Serv Sar N Ind Pub Serv 6% N Ind Pub Serv 77% pid Progress Laundry com Pub Serv Co of Ind 67 Pub Serv Co of Ind 77 So Ind Gas & Elec 4.87 Terre Haute Elec 6%, pid Union Title Co com “xe tw Van Camp Milk pfd... Van Camp Milk com

Bonds

American Loan Bs 51 American Loan 5s 46 Citizens Ind Tel 4'2s © Crabbs-Revnolds-Tavior 5s 42 Ft Wayne 5'2¢ t Wayne 6% 3 3%,

Bg PRL, 33,7, 68.. Indpls Railway Inc 5% Indpls Water Co 327 Qherstare T&T 51%:

pfd 61% e,

57... $6: 98

0 . 99 he Water ‘wis Sr 87 19 tac-Term Corp 5

FOOD PRICES

CHICAGO, May 27 (U. P.) —Sweet Potatoes—Tennessee, i Celery ~ Florida, crates, Florida Tugs, a cratsi, a, cra crates, i $30 sacks); new stock—Texas mudas, $2.47. Colorado Yellow Colorado White Wax,

Carrots—oCalifornia, Market (50-1b Yellow Bere Texas Yellow Boilers, $2 30 Bermudas, $2.50@?2 $2. 3502.4 5.

Santa Fe

\J/

AMERICA'S ONLY ALL-CHAIR-CAR TRANSCONTINENTAL STREAMLINER

tan wit save you days -— He ars, and put & barrel of fun into your California trip! e You'll thorou,

enjoy the restful comfort of Copon ' new stainless steel chair cars; delicious Fred Harvey meals served in the unique lunch-coun. ter diner; beautiful lounge, car; ed the free and endly service of the courier-n

» EiCapumndeprston Chicago, Tuesday and Saturday evenings.

Chicago to Los Angeles

Plus $5.00 extra fare Round trip $65, plus $10 extra fare

Sa ——

Por fuii devails, osc. gust consuls: /

E. P. FISHER, Gen. Agent 311 Merchants INDIA

joined the rise.

1 Byron Baonson. 2 |

> »

Barber Asphalt. Barker Br pf... 2 Barnsdall Bayuk Ci Beatrice Beld Hem Bendix Avn

» OF INS wie #

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[Ben Ind Loan

Ben iy v= pf

Best Boatriot & 5 pe 108 Beth Steel 723, Bigelow San .. 16'% Blk & Decker.. 16% Blaw-Knox vw B & Laughlin.. 16

Boeing Air ... 17%

Bon Ami A.....102 Bon Ami . 5% Borden . co 19% Borg- Warner « 16% Bower R B . 2M Brew wo Am... 5% Bdgept Brass .. 93% Briggs Mig Briggs & Strat Bristol My, Bkiyn-M 1 BKlyn. M T pf ot Bkiyn & Q Bkiyn & q pf ot Bkiyn U Gas .. Bruns-Balke .. 1 Bucyrus-Erie Bucyrus-E 7 wt dd Mfg .

AIRS NO Lt DFR ID TWD TA WDD DT

Go ~~

Cal Packing

Callahan, 0

Campbell Yo. Canada Dry ... Can a Cas eJ i Gaterditlar wT. Celanes: 24 Celanese pr pf 12% Celotex - DY Cent Aguirre 3 Cent Foundry . ow

Cnt V Sug ‘ Cerro de Pasco. 26 43 94

Cerdtain- teed . Cert-td 6 pr pf

C Si Pneu T Ch & P

ERIE th C.. Childs Chrysler ity i & F City I & F pf. City Stores .. Clark Ea Cleve Graph Br Climax Moly Co Cluett Peab ..

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Col Gas pf A. Com Credit. ... Com Inv Tr . C Tr cv p 108 Solvents 9 Comwith & So 1 Comwith&So pf 461% Jom Ith Edison 27 Cong-Nairn ... 15 | Co Cigar ... 10% Aircraft . 23% . 9% 75 6% . 2534

Wea 03 83 &-

Copermns Edison

Container Cont Bak Cont Bak | Cont Can | Cont- «Dia Cont Ins Cont Mot Cont

Copweld Steel | Copweld Stl s {Corn Ex Bn | Coty rinses | Crane Co tv {Cream Wht ... | Crosley Corp | Crown Cork ... Crown Zeller . Crokn Zeller pt Crucible St Cub-Am Sug Cub-Am Sug pf Cuneo Press ... Curtis Pub Curtiss-Wr Curtiss-Wr Cutler-Ham

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Davison Shem, Deere & Co.. Del & Hud D Lac & W Det Edison Dev & R A .. Diam Match m _T Mot Dist Seag .. Dixie-Vortex Doehler Dome . Douglas Aire .. Dow Chem ....

3 5 . 28% ve (20 «13% 3

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Holland Furn. Hollndr & Son Holly Sug olly Sug fomestaxe foud-Her

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Jewel Tea Jenn Met .. 46% A 7 pf Sl Bll, —K— 10% 4 9 104% 55 27% 1012

Kan C Sou 3 Kaufmann DS. Kelsey-Hayes A 10% Kelsey-Hayes B. 32 Kennecott va Keystone Stl .. 10a, Kimberly Clk.. 31% Kinney tous 5

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INDIANAPOLIS O CLEARING HOUSE ves 82,963,000 | 8; 176,000 |

LOGAL PRODUCE

Heavy breed hens, 5 Ibs. and over, 12: Leghorn hens, 9c; old roosters, 7c: Barred | nd White Rock broilers, 2 Ibs. and over, 0c: colored broilers, 15¢ No. 1 strictly fresh country yun @ " 12'%¢; each full ease must weigh 55 Ibs. | Toss (a net deduction of 15 cents for each | ull ease under 55 hs. will be made). Butter<-No. 3 15¢: No, 2. 28@28'%e: butterfat 0. 5¢. No. 2. 24¢ roy Go) Sonus prices quoted by Wad-

WHEAT PRICES DIP IN CHICAGO TRADING

| Weakness

CHICAGO, May 27 (U. P). in Winnipeg wheat] s today and | futures on the Chicago Board of|

Trade ruled easy to weaker most 11

15 [of the session,

odo a { - 1a [July 84 to 84%. Corn was off 4% * NE 15, July 63%

y .

a W

a 23 83

[+ FHH44]1 44 22 i

a sa aN

2 | $4.50a; al Whe red, 8 [Rade ge. “ Oats—Ste 3 white, 3502 @38¢; No.

shelled, 84c. No. Q | T——

. genith nite

to 1 cent lower, | to | July lower, un-

Wheat closed 7 oats off 1; 1337 5 and rye % to 3% cent 467%. Soybexns were . [changed to up ? Corn tended to ease with wheat, | but did not suffer comparable | “losses. In changing operations July | was purchased against sales of Sep- | | vember at about 1% cent difference.

RAN NOE High Low

$.83% 831, Bd

Close $ 84 83%

89, 85%,

834 | 82% |

6234 62's B0%

B31, 62% 597%

33% 32

34% 32%

AT!

487 2 A403,

48%,

801 89%, |

CASH

Wheab-N0 gales, OCorn- “No. 871.@86%9c; No. 2 eliok. 69¢ 87668 bach sample ¥ — mixed, 38¢c; No $80 te. A

3 {38% 38ige _ sample rade, 35%e¢. Beans—No, 4 yellow, , LT malting, 65¢c; No | malting, Se feed, 40@50cn; malting, 53 | 65¢n ash Provisions—Lard, $5.17n,; loo leaf, $4.8Tn; bellies, 8$5.50n,

LOCAL GRAIN

CASH

at-—Pasy;: receipts, 9 carloads: No, No. 2 red, 82@83c; No. 1| No. 2 hard, 80@81c. tends receipts, 20 carloads; No. 2 ow. 81@62%c; No. 3 vellow, 60@8114¢ No. 4 yellow. B04801sc: White corn, 9 106 over vellow, mixed corn, ‘s@2'%c under No. 2

yellow, white, $50 37 Vac.

yellow, 3 Yollow

Ne:

hard,

ady: Taseints, 5 earloads

WAGON WHEAT

Indianapolis grain elevators are paying for No. 1 wheat, 79. subject to market change. other grades on their merits, Cash corn, No, 2 yellow shelled, 58¢c: No. 2 white N 2 w white oats, 32 20. |

High 1

24 + | . 20% 20% 20% : . 3 30% 15'% 23% 3 2% 27% . 18%, 197, Bf

“Net ow Close Cha ge | Warren Br 1

West Auto Sup. Whi Md

st West Md 2 pt. West Union West Air Bke..

Westing EI

th hh A AA > lalla = tt

DUA OL th en orthington right Vrigley

w Tr § Rr Sheet. 4 oung Stl Dr. 15% + 1 .

BECOME A HOME OWNER

By means of an FHA Loan you pay for it on convenient terms.

THE UNION

Capital and Surplus $3,000,000.00

Member Federal Deposit

| 1300-1500

4 cent, July 89 | Go

{in

yearlin 08e, | (ters Berd"

2 Ibs

| vanced to $590 for 220 to 230-

| pounders. The Marketing Service reported [1571 salable cattle were received; | 803 calves, 11,341 hogs and 432 sheep.

| May 21 22 23

To 8 3 - 5.795 5.7

diy 5.65 5.80 590

11,599

Barrows and Gilts 120~ 140 § 85] 270- 8 140- 180 4.75- 5.70, 300- 3% 160- 180. 5.25- 5.75 330- 360. 180- 200 5.85 Good—200- 220 5.95 360220- 240 5.95 400- 450 240- 270 270- 300 ! 300- 330. 5.50- 5, 330- 360. 5.45 | Medinm== 90- 1 160- 220 4.75+ 5.65]

Sig Cattle & Vealers Reciiphs, sn

Parkin Sow 0 § 4.75

50 ‘ Fu hter Pi 20. 3. pie, 3

30 gov ae ' 26 Medium . [Cubter and common Vealer

1100- 1390

| Good 750=- 900 900-1100 1100- 1300 Mo a f

NiS0- 1100. 1100-1300 Common 750+ 1100 7.50- 8.50 (Receipts, 809)

Steers, Heifers |

Steers Choice= IChoice= 500- 750. 1000-1075 500- 800 9.50-10.50 od 800-1060. 9.50-10.,50 500- 750 9.2510 00. Good 500+ 8.50 Heifers Medh 1050 8 26= ’ 9 Choice dium 750- 900 9.75-10. J “300: 1000 8.00- 8.75 God mon = 9.25- 9 | 500. 900 7.00- 8.25 Oalves (steers) 8.50- 9. 2 Good and choioe— | 500 down 10.50-12.00 7.50~ 8.50) Medium 500 down 9.00-10.50 Cows | Calves (heifers) a0 . 7.00 8.00! Good Medium 6.50- 7.00) 500 down 9.50-11.50 Cutter and | Jog Sun 8.00- 9.50 common 5.25- 6.50 Med Canner 4.50- 5.25 300. Town 7.50- 9.00 SHEEP AND LAMBS (Receipts, 472) (Lambs (spring) Good and choice oy

Pheu rm "el good .

Fwes (wooled y

Good and choice [oan and medium

——

CHICAGO LIVESTOCK

Hogs=Receipts, 14,000; opened jjaid cents hi hers closed active and @20 cents hi top, ad eK ood d Shoice 180- Mo ibs. 5.86, most 00: «1b, butchers, $5.2( 35.00: te 400-500-1b. packing sows $id ous 5, few smooth lighter weights, $4 Cattle—Reoceipts, 14,000 va ; largely steer run; yearlings and light’ steers liberal a supply; long fed steers scaling ove bs, relatively searce; mark unevenly 26 ;

a ay nts lower With

y heavy ail best i rly 3 od heifers steady to weak, mm medium heifers and all BOWS ton Vi A ter class very scarce; bulls steady 7 gow, strictly choice relents oe Speers. $10 Yeiters. Sow to $0.25; a (A Yaown: run-

65; most vealers 25 cents inciudes about 1200 head Jouthwest bred | steer stock calves, but nothing done on

th Sheep—Receipts. 3000: all classes fairly aotive around steady; Cali 91-98 Ibs. straight at $11, 1H Wter weights, $11.35, outs he RAY WORD PAOPSd 1 mb iy, oe e andywe clipped lambs, - dium ne weighty fat ewes, $2. Sones Ss

OTHER LIVESTOCK

CINCINNATI, May 27 (U, P.) Hogs Salable, 3200; total, 3350; holdovers, none; active, generally 25¢c higher, excep Jteads top, $6, 160-180 Ibs, and bs., $585; 100- 140 Ibs, [email protected]; good eh, $4.25 down Oattle—Salable, 900; total, 950. Calves 350: uneven steers slow; heifers barely active; steady to weak; cows strong: bulls "strong to 25¢ higher; good NOL. Hers. [89.506 10: medium, [email protected]; Rood {near B800-1b. heifers, $9.76@ 10; hohe and medium, [email protected]. cuttery above, canners and cutters, $506.50; shelly de scriptions down to $4 meadium and good sausage bulls, $65067.50; dairy breds around $6 early practical top vealers, $10; good and choice, $9@10, common and Ted fam, $6618.50. eep—150; fat spring lambs, 256 50c higher; lower grades about steady, medium A Rod, 9.506011.50; oul and comaso clipped slaughter ewes,

Row 5.85: $80 260 Fa 280 1bs., of 45: th, io $5.3 335-350 1 A EH 50 160 Ibs, $4, 130-140 bs. XL 100-120 Ibs. $3.85: oughs, $3.50; oalves, $10; or ng clipped lambs, $9.25.

WINNIPEG WHEAT

Prav, High Low Close Close 8 Ha $ a3 $ 73% 8.78 Va RH

$4.60; $4.10: sta $10.50;

May .... July Detober .

1800 1,34

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KEY NETWORK STATIONS (Subject to change): MUTUAL~WOR, 710; WHK, 1390; WHKC, 840; CKLW, 1030; NBO-BLUE—~WJZ. 760; WOWO, 1160; WLS-WENR, 870; KWK, 1350. NBO-RED=WEAF, 860; WTAM, 1070: WWJ, 920; WMAQ, 670. OUBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770,

WSM, 850,

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