Indianapolis Times, Indianapolis, Marion County, 21 June 1940 — Page 31

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1. S. BEGINS WORK |

ON EXPORT RUST

Economic Monroe Doctrine Designed to Defend Western

- Hemisphere Against Bartering of Totalitarian States for Food. Raw Materials.

By HOBART C. MONTEE United Press Staff Correspondent

WASHINGTON, June 21.—State Department officials|

began setting up the machinery today of a gigantic trust

for controlling the Western Hemisphere’ s exportable food

‘and raw materials.

President Roosevelt has approved general outlines of the plan—a virtual economic Monroe Doctrine—as a move

in a broad genetal plan to defend this hemisphere against

changes in its status quo. his press conference at Hyde Before leaving the capital|~ last night, the President ordered the State Department to begin work on the plan im} mediately. The first step will be preparation of the necessary documents to submit it to the other 20 Ameriéan republics.

The organization to conduct the

operations of the trust or cartel, |

here and in Latin America, will be created later.

The general purpose of the trust]

is to funnel all exports of food and

raw materials from this continent

to Europe and Asia through a single export agency which will represent all the American republics. The plan, its proponents believe, will make impossible the use of economic weapons by the totalitarian powers of Europe and Asia to effect political and ideological penetration into Latin America.

Canada May Join Operation of the plan will require establishment of a huge revolving fund which may reach $2,000,000,000. The United States is expected to furnish the major por-

tion of this money, although each]

of the Latin American Governments probably will be required to contribute something. Contributions may be pro-rated on the basis of average annua! exports to nonAmerican countries. It #s generally anticipated that Canada, although not a member of the Pan American Union, will be brought into the scope of the plan, which is but part of the general program for marshalling the resources of the Western Hemisphere for defense against old world totalitarian powers. Preparations for land, sea and air defenses of the hemisphere are going forward hand in hand with organization of economic defenses.

Plan to Be Discussed

All aspects of this far-reaching rrogram are to be discussed at a consultative meeting of the foreign ministers of the 21 American republics to be held within the next few weeks. The exact date and the place of this meeting have not been agreed upon, but it is believed it will be called for early in July at

‘Havana.

The proposed trust, its proponents believe, would enable this continent to establish an economic Monroe Doctrine. On Monday of this week Secretary of State Cordell Hull formally notified the European dictators to keep hands off all territory in the Western Hemisphere. Tormation of the trust would constitute similar notice that economic pressure ean not be used by Europe for political purposes in this hemisphere. One of the officials responsible for the export plan is Hugh R. Wilson, former American Ambassador to Germany, whose long experience in Germany and other European countries enabled him to watch the operation of the various European cartels, as well as Germany’s and Italy’s systems of national economy based upon principles of barter.

LOCAL PRODUCE

Heavy breed hens, He! hareback hens; 10c; Leghorn hens, bof bareback Leghorn hens. 7c; Barred and White Rock springers,’ 2% lbs. and over, 15c; other colored heavy breed springers, 2'2 lbs. and over, 14c; Leghorn springers, 1% lbs. and over, 13c: bareback springers, llc; old ro00s-

rs, 6c. No. 1 strictly fresh country run 11c; each full case must vaxh 55 Toe. gross; a net deduction of 15¢c for each full case under 5 lbs. will be made. ne utter—No. 1,* 29@29'>c: No. 2. 27@ 27c; Suterfact. No. 1. 23¢; No. 2, 2lc. (Country pickup prices ®iuoted by the Wadley Co.).

FOOD PRICES

O. June 21 (U. P.).—Sweet PoCHICAS e bu.. { [email protected]. Celery es. 4.75. £ Tomatoes—

—Call Illinois, ifornia, fornia, Lettuce—California, Onion Market (50 1b. sacks)—Texas Yellow Bermudas, $1.75; Californias oitow Bermudas, $1.90.

EL Dealers Mutual

FIRE— CASUALTY AUTOMOBILE INLAND MARINE

INSURANCE at substantial savings

4.3000

He defended the plan today at

Park.

STOCK MARKET HAS DULL DAY

Traders Await Nazi Terms; French Bonds Plunge $200 at-New York.

NEW YORK, June 21 (U. P.). — Trading on the stock market foday fell off to the lightest levels of the year as market operators awaited German terms for the French surrender. Prices generally fluctuated irregularly, with changes small. French 7 per cent bonds plunged $200 to a new low at 50 per cent of par while bonds of the Axis Powers firmed. U. S. Government issues were higher. Wheat was unchanged to % cent higher at the close, while corn gained 14 to 3 cent. Cotton made small gains. Business news reflected activity in preparation for a swing the nation’s defense vrogram.

ench orders was having less adverse influence on the steel industry than had been expected ‘sustained steel shares. A smaller than seasorfal decline in automobile output aided motors. were fractionally Higher.

point. Coppers were steady despite uncertainty over large French orders. Most mercantil issues held steady. Railroad shares were little changed. The first seven railroads to report thus far for May had net operating income of 87.6 per cent over a year ago.

RETAIL SALES SHOW

Times Special

of independent retailers in Indiana were 6.6 per cent higher in May this

day. oil The increase was computed from reports of 1254 Indiana firms in most kinds of business except department stores. Sales of 19 department stores rose .9 per cent from a year ago. Motor vehicle dealers showed the largest gain, 17.8 per cent. The 233 stores reporting in Indianapolis gained 6.2 per cent in sales, the report showed. Evansville’s 46 firms reported a 13.3 per cent gain,

cent vance; the 26 Gary firms showed a 5.3 per cent increase, and South Bend’s 28 stores reporting had a 4.6 per cent gain. The 16 stores in Hammond reported a .1 per cent increase while Terre Haute's 49 reporting stores showed a 4.8 per cent loss in total sales volume. Lafayette had 26 stores reporting a 1.1 per cent decrease; Michigan City’s 34 stores had a 7.3 per cent gain; Muncie showed 30 stores with an aggregate gain of 4.1 per cent

1.7 per cent increase and Marion's 25 establishments reported a 3.3 per cent advance.

Accountants Here 2 To Attend Meeting

Several members of the “local chapter of the National Association, of Cost Accountants will attend the

i-1in St. Louis, June 24-27. Charles R. Israel, president of the|&

Indianapolis chapter, will head the delegation consisting of Altum, A. L. Bernd, Charles Murray, R. A. Rice, G. C. Burkert, J. C. Crim, L. L. Sheppard, J. C. Way-

land and H. T. Mathews.

Indianapolis Bonds Offered at New York

Indianapolis Flood Prevention refunding bonds totaling $608,000 were offered for sale on the New York

ities Corp. and two associate firms. The New York syndicate was successful bidder for the bonds yester-

the City has ever received on a

Union Securities Corp. were the Equitable Securities Corp. and Roosevelt & ‘Weigold.

Flood Control issues maturing July 1 come due at the rate of $31,000 arnually from Jan. 1, 1942, to 1960, and at the rate of $19,000 on Jan. 1, 1961. Fifteen other financial houses throughout the nation bid for the bonds.

WINNIPEG WHEAT High Low Close [A $ T3% “T39s Ya 5

ciose a $.713% 74 5%

getoer i Tis

your

Member

MORTGAGE LOANS

Whether you build, buy or improve your home, we can help you with

F. H. ‘A. LOANS AVAILABLE THE UNION TRUST COMPANY

Capital and surplus $3,000 ederal Deposit Insurance Corporation

financing.

indications that elimination of a

Rubber shares|4n

Aircrafts -were up fractions to a A

GAINS IN INDIANA 3:

A WASHINGTON, [June 21 —sales a

year than during May last year, the{4 Commerce Department reported to- au:

Beth Steel Beth Str 1 pf’ . Black & D ..

ower the 43 .in Ft. Wayne had a 9.9 per 2

21st International Cost Conference |S

Oliver| &

mire, A. L. Prickett, C. W. Hirsch- g

market today by the Union Secur- &

day, bidding the lowest interest rate! SLY

Tr bond sale, 1.75 percent with a pre- So mium of $4682. Associated with the | grucible

The bonds which refund 1915- 16 :

Parke County’s representation neth Pyle, Barton Dooley, Conrad Dillingham.

Clay County 4-H Club youths today visited the Kingan Packing Co., inspecting the carcasses of the prize-winning lambs they sold to the Indianapolis mgat packing company. The champion pen of three lambs yesterday’s llth annual Hoosier Market Lamb Club show at the Union Stockyards here was owned and shown by 15-year-old Loretta Boeschlein of Brazil. They topped the auction sale, selling for 26 cents a pound. The champion pen of five lambs,

Times Photo.

at-the Hoosier Market Lamb Club Show included (left to right) Ken-

Pyle, Herman Pyle, William Hadley

also purchased by Kingan & Co., was exhibited by 13-year-old William Baldauf, also of Clay County, and sold by Mark Bottema, Indianapolis, who served as auctioneer, for 18 cents a pound. The trio of judges, Claude Harper, J. T. Frost and Henry Mayo, all of Purdue University, graded 60 per cent of the lambs “choice to prime,” the very highest market quality, while another 25 per cent was graded “good to choice,” with only 10 per cent grading

“common.”

and Assistant County Agent R. W.

The exhibitors were guests of the Producers Commission Association at a banquet last night in Hotel Antlers. Larry Brandon of the Indiana Farm Bureau was’ principal speaker, and Murray Barker of the Producers Association was toastmaster. Co-operating with Purdue University in sponsoring the lamb show were the Belt Railroad and Stockyards Co., Indianapolis Livestock Exchange, Kingan & Co. and the Producers - Commission

Association.

FINAL NEW YORK STOCKS

: Net High Low Close Change — bbhott Lab ... 56 56 eee 399

38% 4 9-16 712

A A A A A A A A

11i Stores Allis-Chal Am Ag Del ... Am Airlines .. Am Bank Note. Bosch

Am Car & Fdy. Chain&C ..

ded =H

lid

a LN

m-Rad&SS ... a Ron Mill 7, Am Seatin, Am. Shin Am Smel

Am Wool pf ... Am Zinc Anaconda

—

5Y2

Bald Loco ct .. 15 Ohio 3%

Bis LO OY

/8 ees 24Yg Bech-N Pkg ...107% Bendix Avn .... 2873 Ben Ing Lf .. 4994 78 119 Vg 1

—

Cd pd CD pd bed et oT DD DDD ©. x

La . 14% «rvs 10 . 19% 18% . 157% 3274 9's 17 . 20% 31,

Nat

Bklyn & Q Tr. Bucyrus rie . Budd Mfg PI Bud Wheel .... Bullard ......e Burroughs .... Bush Term .... Butler Bros ... Byers pf ......

Va 32 5 282

8 244

a BEC A

HEY

a No

Cal Packing ... Callahan Zinc. Calumet & H.. Campbell Wy .. Can Pacific ... Cannon Mitls os Car Carpenter Su

‘Carriers & Gen 2%

while Richmond’s 20 stores had a s

vf. 104" Gaterpillar T.. Cy Celanese Celanese pr pf. on Celotex 6 Cent Foundry... 17 Cerro de Pasco 283%; Certain-teed 41% Chain Belt Ches & Ohio Ch M StP Chi & Nw Ry... Chi Pneu T ... Chickasha C Childs

4 Cleve Ch Ilm pf 11312 Climax Moly Co 3%

So 1 ¢ Col Broadcast A: 18 Col Brogicest 18 Colum Gas 57 Col Carbon ... 76 Com Credit ... 28 vy Tr 3 its .. th & So. th&So pf 55 th Edison 29% Conde Nast x 3

Cons Edison pf. 1853 Cons Film Cons “Laundries z Con

Ie oi vs COnSRR, Cubapt Coal

Cutler-Ham.

Deere & Co

pt pe BD AIR Tbt dpb 00 AEO + BI CON 1A re NH ae

162° 160% ..122'2 122%; ° En East Air fines 302 Kodak -12

Pon pu Pont pt’ 290% 1241, 311% 1312 s

L$ 5 % 9% End i - > 104% 1041, 104% * % % * Listen for the Train Whistle [Broadway Stars in thrilling dramas LISTERINE presents

GRAND CENTRAL STATION |

Each broadcast is a complete play

-WFBM—T7:30 P. M._

| Yesterday

. Month AZO ...ccovevesssnecs

Ex-cell-o 2

: Jewel Tea ..... 42

» | Kroger G&B .. 38%

a wn

By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

wisissvssssnrs vase 132.839 Week AZO c.ccocesecocncsses 122.27 Month AZO ...coeoeeeesess.. 113.94 Year Ago srsenseseresie 139.4% High 1940, 152.80; Low, 111.84. High 1939, 155.92; Low, 121.44. 20 RAILROADS

+2.36 —0.77 +0.54

25.51 24.86 22.45

RUB

Yesterday Week AZO c.ccovevcccvesscse

@sssscsssssssencse

Year Ago High 1940, 32.67; Low, 22.14. . High 1939, 35.90; Low, 24.14. : 15 UTILITIES 21.10 19.74 18.25 24.10

Yesterday Week AZO «..cocevcasrcsnnns Month AZO ...cocsevavennens Year Ago .. High 1940, 26.45; Low, 18.03. - High 1939, 2%10; Low, 20.71.

®essssesecssssense

ceessesevessanne

High Low 8% 8Ys 67 67 31 —r oor 34% 3

Eng BD,= i Eng PS 5 pf .

+ Ta

Fair Morse Fed Mot

e 193, Preept-Sulphur.’ 312

: Ind.. Br Ink pt. 10814 Eub Sv.... 2

Sig EE Shoe ..

Graham-Paige t WT

? | Gran

Gt North pf’ . Gt West Sug.. Green H L v Greyhound Cp’ Grum Air E .. 15% Gaunt Sug pf. 14 Gu M & No pf. 10%2

Hack Wat Hall Print Harb-Walk Hecker Prod Herc M

pf A35

Holland Holl & Son.... '47 Homestake .... Houd-Her B.... Houston Oil .. Howe Sound .. Hud & Man.... Hud & Man pf H BB M&S ... Hudson Motor.. Hupp Motor

Ill Central .. Tia Ingersoll Rand. 923, Inland Stl . 83% Inspiratn Cop. Insshs cts Md..

3 Ya Inter 23%

I ar © e Tot: 123 i J en

csv D3 eC Kelsey Hayes A 123 1233 Kenn 22 275 Revie a

Johns-Man

22 28 wf pi Lee Rub ....... 19 Leh V Coal.. 1s Leh V Coal Bf. 3V Val RR 17% Lehman ....... 18% L-O-F Glass ... 33% Libby McN: & L 6% Ligg & My B.. 96% Lima Loco ... 173% Link Belt ..... 30

Lion Oil Ref.. Lockheed Aire ft 20% ? . 12

Lorillard pt’ 14 Lou G&E A 17% af 934 27

Madison Sq Gg. Ma,

agm Manati Sug . Man Ry m

,,/| Maracaib arine od EF 1 re. an

artin ( Pry artin Parry. athieson

sees

y.D 5 TR avtag i.e cCrory y 13 cIntyre Porc. cKeesport i

| Mission Corp {Mo Pacific

‘Mo Pac pf Rd

onsanto

ont Ward . ,

—1.51| Nat Lead

4 Net Low Close charge if

High

Nat Gypsum .. 6%

ewport t Tnd .e 30s Y C Central .. 11% YC & St L pf 22 INYC Omnibus .. 24 i Y NH&H wf. 3. is

Ship 10804 18%4

Ohio. Qil ...:.. Omnibus .. Gppen Co Colt

Otis Steel. . : ia Owens 111 Gi'.. 47 a Pac Saas cesses Ya & El... 28Y,

Pac Net Facing Mig vev 1 Close Change | Pac

Cons. 3% Pan 3Ya Pan , Para ine Co. . . 28% Paramt Pict

porn Mat pf Pere 5 pr pf 262 adge vy 23% 323% 2312 . 2253

[+: Rl

Lid 44]:

Ma See BNa

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1 di

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11%

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fure

Ya Pure O 5 pf.... 78

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Reading nants em nd eo Mo tepubli

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+111

Safew 41Y Safeway 5 pf. . 191A he St Jos Lead.. +3058 0% 100° Ya 13Y2 1%

Skelly Oil

0 Al x 5 Por R Suz. . Soeast Grevh ke: hb? 50 Cal Ed ie 3

di HE

outh Rv pf.... Spars Witn wo Spencer 1 Sperry Cre .e

ese

1 ipiens]

Sunshine Min.. Superhtr . .... uperior Oil .. wift Co %.. wift| Intl

Texas Corp ... 37 Tex G_ Su Wo

Ulen & CO ....

Und BIL Fish . Union| & P.. Union| Carb .e

| +:

LAN

Lo 0 Dh re

Soke a

FHF = Ba

age

hs ND 300 2

Wad

CRON) o.2 ae

PL LEH +]

limited supply beef cattle

|. FT. WAYNE, Hoge 1000100 "hi

2 | calves, $9.50; lambs

a | 1bS.,

Customs .. /8

Vi n) 8 | Mexico (peso)

[PORKER PRICES RISE 15 CENTS

Top Advances to $5.35 as:

9611 Hogs Arrive at Stockyards.

A 15-cent advance was made in all hog prices at Indianapolis today, according to. the ‘Agricultural Marketing Service. The gain carried the top price to $5.35 for 220 to 230-pounders. Vealers, opening steady to weak, drew an extreme top of $9.50. The Marketing Service reported 394 salable cattle were received at the Union Stockyards here; T70(*

| calves, 9611 hogs and 359 sheep.

Repts. |; 8107 9800 9611

June Top * Repts. [June Top 15 ...$ 5 20

1800, 19 ....$ 5.20 17 ... 10,130{ 20 .... 5.20 18 ... 310 12; S13 21. 5.35

ees Sows 4.50- : 5 4.50- 4.65 i 40- 4.60

Barrows and Gilts Packin| .65- 4.15| 270- 340. 150} 3:00- .15| 300- 330..

4.00- 4.15

8.35- 4.35 iter, Pies, os

160- 200. : Savrhier Cattle & Vealers (Revsipte: 394) Choi - 10.75 enstiney U2 celuded) 730 900.8 580.10 873 Goo ood ....$ 8 5. Lis = ausage.. - sisi Medium.. 5.50- 6.00 Cutter and 8.75- 9.50] common _ 5.50- 6.25 . 9.00- 9.60 Vealers . 9.15-10.00 0. 9.00- 9.75 lc

8.00- 9.00 _3.00- 9.15/C

750-1100. 7.00- 8.00 ch Steers, Heifers oice— ie 500- 750. 9.35-10.00( 300-1050. Good— ; Good— 500- 750. 8.50- 9.35/C2 500= 800. Heifers’

|Choice—

9.25-10.25 9.25-10.00 8

5 5 .00- 9.25 8.00- 9.25

9.5011. 00. Common. 7.75- 8.50 7.00- 8.C0

900. 8.75- 9.50 Calves IStsers) 7.75- 8.75] 500 down 10.00-11.50 500- 900.

Medium en 175] 00 dawn 875-1025 Good .... 700.- 7.50 Cals ves (heifers) Medium ..

Goo 6.25- 7.00| 500 down 9.25-11.50 Cutter and 500 down 8.75- 9.25 common. 5.00- 8.25|Medium— Canner .. 4.00- 5.00) 500 down 7.50- 9.00 SHEEP AND LAMBS (Receipts, 359) ~ Lambs (spring) Good and choice.."......... .-510.00- 20. 50 Medium and good. 9.

500-1000.

Medium— 500- 900. Common—

% Common ..

Ewes (wooled)

Good and choice .......cec0u00 Common and medium .

2.75- 3.25 2.00- 2.50

ess ssane

i CHICAGO LIVESTOCK

Hogs—Receipts, 6000; fairly active; unevenly 5@15 coats higher; instances up more; 270 ibs. ; top, $5.35; good to choice 180270 lbs., [email protected]; 270-330 lbs., $4.75@ 5.20; light sows to $4. 70; good 330-400 ib.

weights, [email protected]; 400- 500-1b. sows, $4.05 : @4.30;

around 600 lbs. at $4. Cattle—Receipts, 1000. Calves—300; all killing classes strong; instances higher; all interests in trade; clearance good; very here; most steers, $9@10; very little’ under $9 killers; common an absent; top, $10.40; short loads, Ry 85@ 10. 25; all grade steers: measurably higher for week ; mostly 25@ 50 cents up and closing active at advance! bestheifers, $9.75; small weekend supply heifers firm; canners and cutters, $6@ Suons weight cutters to $6; light canners, $4.50 down; Sausage bulls quotable to $7.25; id [email protected]. 0.30. 1000; late Thursday spring lambs moderately getive. steady; bulk good natives, $10@10 largely $9 down; Idaho ay $10.60, sorted 10 per cent; short deck 82-. Jb. Idahoes, $10.70; old crop lambs, $3; Oslifornia springers, $9.75; Southwest native ewes, @ : baavs trade lambs steady: double 78-1b. Idaho springers, $10.50, sorted ig tly; outs at $9; loads 2-year-old Texas Wesnery. $6.75; some older kinds, $5; load shorn old crop jambs, 50; few native s yingers, [email protected]; odd head ewes, [email protected].

OTHER LIVESTOCK

ds cad oe Ys : IS 200-220 Ibs, $i 240. 2260, bs. $5.05; 180200 bs., ied $5.05; si 05: 80-300 Ibs. * 34.85: 300-325 foe. $e’ 395-350 The, $4 4.65; 00 1bs., $4. 55; 150-160 lbs., $4.15; 140-150 lbs, $3.90: 130- Ibe. $3.65; 120-130 lbs.. $3.40; 120 1bs., $3.15; Toughs 5

CINCINNATI, June 21 (U. P.).—Hogs— Salable, 2500; total, 2625; active, ‘generally 10@20c hi for good and choice 180-250 i rh $5.35; 160-180 lbs., $5.25; 100-140 Ibs, [email protected]: sows, 25¢ higher at $3.50@4. Cattle—300. Calves—250. All classes about steady; good heifers, $9.85; odd head’ good steers, $9.50@9. grassy heifers and steers, $9; Sausage bulls, [email protected]; good and ¢hoice, $8@9. Sheep—1100; fairly active and steady; trucked in spring Ini; $10 .50; common and medium, NGS 50; culls’ under $7; slaughter “ewes, 2@3.

LAFAYETTE. Ind.. June 21 (U. P.). Hog market, = to 25 cents higher; 160-300 1bs., ot [email protected]; 200 D250 1bs. » 10 5.30; 260-32 Ibs. 10s. pigs. own; rou Calves, 48.5005: lam gis $08

U. S. STATEMENT

WASHINGTON, June 21 (U. P.).—Government expenses and receipts for the current fiscal year through June 19, compared with a year, ago: ear Expenses . $3, 3317, 674, 436.00 2 283 “a, p.385. 13 Receipts . Soh 1993

B. 234,092.¢ Sross Sper. ,343.3 ,028,29

562,84 . 70,418,289. ..42,92 \528. ...19,768,754,069.63 337,613,576.22

ne 3

BoRRRY:

> =k

3 09,

4 X: +4 3 q J

16,972.40

. INDIANAPOLIS

Clearin Debits gs

DAILY PRICE INDEX

NEW YORK, June 21 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities,

CLEARING HOUSE

000 000

2 compiled for United Press (1930-32

average equals 100): Today Yesterday sesecessssscsccnce Week ago [EER EEE EEE EEE EEN ENN Month ago (EERE EEE EER EEN ER J Year ago ....cecivaiinnconns 1940 High (Jan. 2) @sscecson 1940 Low (June 5) ec.eeecees

FOREIGN EXCHANGE

NEW YORK, June 21 (U. P.).—Following are noon "cable rates on major curEades: able _ Net fi

116.47 116.35 116.69 115.86 105.27 123.34 114.76

oy (dollar) . aly (lira) . . and (markka) .. Switzerland (franc) Sweden (krona) Japan (yen

cesses s anes

Incorporations

Southern Indiana Motor Coach Lines, Elsby: Bldg., New Albany; agent, Robe R. Kelso, Silver Hills, New Albany; 1000 ares no par value; operate motor busses; Robert R. Kelso, Lessie L. Kelso, Gerald H. Barr, Bonne B. Barr.

Elf Transporv Co., Inc, 126%2 Lincoln ‘Way West, Mishawaka; agent, Harold J. Ellsasser, - same address; 000 shares no par value; transportation and warehouse usiness; Harold J. Ellsasser, Frank A. Lennard A oro A. Claeys, E. C. Ellsasser Sr., and E. C. Ellsasses Jr. Mutual Finance Company of Indiana, South Bend, dissolution The Mechanical rice Company, Richmond preliminary dissolutio ‘ Builders Paint and Hardware Co., “Third St., Hobart; agent, d Jr., same address; shares without par value; paint and hardware business; Vincent ' R. Vincent R. Boyd Sr., Victor M. Bendix Products Corporation, Bend: amendment reducing -capital stock to 100 shares of $100 par value. Anchor: Hocking Glass Dc ion, Delaware eorporation, amendment of articles of incorporation.

Net .Clase Change

High Low

aE ii

Zellow ea 12% foung a

(oung gh .

advance mainly on weights under |.

$4; stags, $2.75; |

Corn and Wheat Region Official Weather Pree oi State of

Clear Clear Clear

Stations Notre Dame ...

Wayne phe lerre Haute Evansville

LOCAL ISSUES

The following quotations by the Indianapolis Bond & sent actual or offerings, dicate the Spiros mate rd gn B, and selling quota

cov

| cocccébococces

4 5

ceca

erel evel

ind

Stocks

Ya ds oP ... 81°

Van Camp Milk pfd ..c.ccee0. 60 Van Camp Milk com .....e000 10

American Loan i 81... American Loan 29 i Clyzons Ind 1 4s 8 6

Hom ayne Home ToT Ft Wayne oe 43...102 nd Assoc Tel Co 32s 70 ....104 ndpls P&L 3%s 68 .... Indpls Railway Inc 5s 67 61 ndpls Water Co 3's 66 .....105 nterstate T & T 5'zs 98 Kokomo Water Works 5s 53...103 Kuhner Packing Co 4'2s 49..100 Morris 5&10 Stores 5s 50 Muncie Water Works 5s 65 ..104 Nat Silk Hosiery 5s 42 . 97 Ind Pub Serv 3%s 69.

cesses

Pu el 5 Richmond Water Wks 5s 57. Trac-Term Corp 5s 57 *Ex-dividend.

are Corp. i not repre-|

tions of recent Bid Ask |

| December

MY uae | September ...

"Radio Column and Schedule are on Page 32 of this edition.

TRADING IN WHEAT

QUIET AT CHICAGO

CHICAGO, June 21 (U. P).— Wheat prices held within a narrow range on the Chicago Board of Trade today in one of the quietest sessions of the year. Prices were somewhat higher most of the ses sion. : Wheat closed unchanged to %

-| cent higher, July 78% @78% - Corn ‘Iwas up % tor % cent, July 62% @ 162%, - oats unchanged _to 14 cent °

higher, July 317%, and rye unchanged to down 3% cent, July 413 asked. Soy beans were % to % cent higher, July 8 78 bid.

RANGE

High Low 8% $ 78 a ¥ Tan et: 19

Prev, close.

$e 18%

61% Yon

uly . September . “en December we

, on

6212 160% Sh

Oats— “29%:b December .... _. 30%

Jul September ven December ....

Soy Beans. July

"43Vab

8b 14 4b

cons

Ortober . December

ese

5.65 5.858 5.95a 6.10

January ..... 6.22a

CASH heat—No_ sa 185. yellow, A 67%c; No. Wy a 69%4s. No... 3 ye low, Ssh 068 ny Oats—No. 3 mixed, 34% c; sample mixed, 33%c; Ne. 2 white, 36c; No. 3 white, 351ac; No. 4 white, 35c, Rye=—No Sales. By ans—No sales, Bar~ ley — 04 Bon; 0 54@60¢en, Cash Provi $5.65n; eT si 90n ; leat. SB: ‘bellies, $6n. Asked. 'b Bid. n Nominal.

LOCAL GRAIN

CASH | Wheat— Bresay: Receipts, 1 red, Jamas No. 2 red, oR @ 16%; 7d No. 1 hard, 76%2@177%ac; No. 2 hard, 798}

@6 3 r Corn—=Steady. Receipts, 38 carloads; No, 2 Seliow. 59Y,@61%c: No vellow, 587.@ 60%c: No. 4 E peliom. 06 sabi: white

corn, 7 to 8 cents over ye jow; mixed co % to 2% poaats under y ats—Steady. Rec eipts; 2 carloads: No, 2 white, ata ie: No. sc 3 30@31c. WAGON WHEAT Y Indianapolis grain elevators are ing for No. 1 wheat. 73c, subject to boo change; other grades on their merits. One

none

corn 0. 2 yellow, shelled, 58¢: 2 white shelled. '67c;: No. 2 white oats. Cie,

makes buying a pleasure,

cork for cool, cool comfort.

L. S. AYRES & CO.

" In a Pair of Sport Slacks From Ayres’ Men's Store

For dress . . . business , , . sports . .. or just lazying around,

you'll need lots of slacks this summer. Here in Ayres' Men's

Store you'll find just the slacks you want—at a price that

Wash Slacks _______________1.95 and 2.95 Wool Slacks ______________T.50 and 12.50

MEN’S SUMMER SHOP, AIR-COOLED SECOND FLOOR. |

KEDS for Sportswear!

(I) For Beachwear—the Keds sandal with canvas ‘upper, elasticized strap and washboard rubber sole. Also has the

cork mid-sole. In green or rust, 2.50."

{2) For Sports—the ventilated Keds, of canvas and fing wh

ventilated uppers with a crepe rubber sole and mid-sole’ of

In sand, brown or blue, 2.50, (:

corn, = -