Indianapolis Times, Indianapolis, Marion County, 15 July 1940 — Page 9

THE INDIANAPOLIS TIMES

FINAL NEW YORK STOCKS

By UNITED PRESS Net 'DOW-JONES STOCK AVERAGES

Close Change 30 INDUSTRIALS |

a . P AGL

ON THE RADIO

TONIGHT Ivwood, Manhattan, Ravmond §:00-~Telephone Hour, WIRE, Paige ‘will ‘present “The Battle 6:00—Musie Quiz, WFBM. | Miste” with violinist Albert Bpald-

MONDAY, JULY 15, 1940

“TRADING IN STOCKS

War Refugee

In of Tow

Net High Close Change

High Low

7 00-—Forecast, WI'BM,

LIGHTEST SINCE '18

Wall Street Believes It's

Bv United Dress NEW YORK, July 15.

the

ELMER (,

Financial

Just the Calin Before a Storm, But Whether Prices Will Go Up or Down Depends On Length of the War.

WALZER Fditar

During the first half July

ofl to a new low level since 1918, Wall Street sees nothing cept the old axiom that prolonged tranquility usually precedes sustained advances or declines,

Whether the market's next major move is up or down depends upon the length of the war, experts assert. There are domestic factors such as the Democratic convention and the excess profits tax but these are considered lesser influences. Sudden ending of the believed, would bring almost Instantaneous reductions in the operations of the heavy industries and the consumer goods lines would suffer from these reductions, On the other hand, if and there is evidence the war will be prolonged, a substantial level of business would be insured and the market would rise immediately, the experts assert A prolonged war would mean continuation of work on British orders to bridge the gap until heavier production gets under wav on the American defense grem, it is pointed out.

war, it Is

when

Politics Again

! To find a parallel with the pres-

ent market in sales volume,

must go back to 1918, Since July 1 there has been a turnover only

the rate

this veal on the Stock Exchange 2.900.000 shares, That 50.187.67 shaves per hour average 995918 shares for a five-hour In the period from July 22 to 3 1918, there was a turnover 3 034.000 shares for 54 hours, more than in the 1940 period hourlv average tor that 1918 was

day

of is al nf on LER Aug Ol five The period five-hour shares. Price movement for riod has been practically at all Saturday at 121.48, off 039 point from the June 20 close; railroad 96.05, off 0.13; utility 22,53, off 0.14; and 65 stocks 4143, off 0.17 Wall Street talked politics and the brokers’ letters turned to convention topics. consensus of the comment on convention is that it will be tamer

the 1940 penothing

The

than the Republican convention at port $2.40 a

Philadelphia; that stocks might enjoy a brief rise if Pres:dent Roosevelt withdraws {rom the race, bul the Street doesn’t think he will; and that nomination of President Roosevelt for a third term will not be interpreted pessimistically by persons wishing to see Wendell Willkie in the White House,

War Babies Losing

War babies are losing their popularity in some trading sections.

pro=-! | posed by | 18,

one attributed

56.185.18 shares and the ‘have heen average was 280,926 joan

The industrial average closed point from the previous week

to change this condition ex- |!

PRICES FIRM IN

SLIM DEALINGS

| Armour

Italian Bonds Slump $30: Pound Sterling Rises 14 Cents.

NEW YORK, July 15 (U, P.).— Stacks maintained a firm tone today in one of the lightest sessions in 22 years. Domestic corporate bonds were firm but foreigns weakened when Italian issues dropped more than $30 on fears of interest elimination. Most commodities fluctuated in a narrow range, A feature was a runup of more than 14 cents in the pound sterling on the belief new restrictions imthe British, effective July will eliminate the free market for the currency in this country. The firmer tone in stocks was to Winston Churchill's statement that Britain would fight even if London were in ashes. There was no desire on the part of traders to extend commitments, however, and they continued very cautious. Assembling of the Democratic convention provided an in teresting sidelight, but had no market influence, expects said, Steels slipped back {rom the highs Rethlehem dipped to the previous close and U, S, Steel lost part of a rise of point, Recessions may influenced by the Amer. Iron & Steel Institute announcement that steel operations this week are scheduled at 866 per cent of capacity, a rise of only 0.4 The small gain was attributed to closing of some plants for repairs Dow-Jones estimated that Army

land Navy orders since July 1 topped

today 'a again influence on war shares. The group

the

| |

hillion dollars but this had no was mixed. American Telephone was steadied its second quarter earnings re showing net income equal to share, against $2.16 a share a year ago. Strength in airline stocks lowed announcement that the nation's airlines broke all records for May for the third consecutive month in miles and revenue passenger miles flown.

fol-

EUROPEAN WHEAT

Traders point out that the last war

rise of They item

gid not broad cite on

bring a general scope in the group. the Standard Statistics this group as follows: “There 1s much that the President's advocacy that would (1) permit accelerated depreciation of plants and equipment up for defense work ahd 2) suhstitute whatever OXNCOSS profits tax is clapped on Industry at large for the present special profits limitations on ship and air plane contracts ‘But we would much ihdependent war-stock group, Out hahies rarelv sold above three or four times earnings during Worid War and we know ot

1s bullish in of a plan

sel

not too

expect

sr much higher

now

DATLY PRICE INDEX

NEW YORK, ‘July. 15 (U, 'P)

the Hepartment's

No ‘Crops and Markets" good reason for the market to place hated that

CROP IS SMALLER:

WASHINGTON, The Agriculture Department dicted today that, on the basis meager information available, Fi rope’s 1940 wheat crop would total 1.360.000.000 bushels, the smallest ol the last decade The anticipated will he only ahout “an average crop,’ saich

July 15 ‘U.P,

vield, however, 10 per cent helow the Department

These fAgures were regarded as of | punhilt (particular

interest in view of

that crops throughout

re ports

"he forecast was contained in the monthly

“few official estimates or

with respect either production .

until hostilities are over,

to acreage or

Its estimated European crop of 1,-|Fne PU compared with Fo

360,000,000 bushels

Dun & Bradstreet's daily weighted last year's bumper harvest of 1,700,-

commodities, (1930-7

price index of 30 basic compiled United Press average equals 100).

for

Friday XN Week Ago Ce Month Ago ... Year Ago 1940 High 1940 Low

PRs Rear REE

115.84 102.76 122.34

Pere arene

(Jan, 2). (July 12)

LOCAL TSSUES

the Indian no ene merely in level based an

qualations hy Share Corp, do | e offerings, but anproximetie market ng and selling quotations ol re 8

[ollowing

Bona &

Stacks Ask Corp com Yds com Yds of nid

Hd 9 } 4 53 com

Wavne pld

v an Camp Milk Van Camp Milk

pla

American Loan 5s §! rican Loan 5s 46 Citizens Ind Tel Crabbs-Revnolds Home * Ft Wayne Home T&T Ft Ind Assoc : Indpls Railway Indpls Wat Interstate eT Sa Kokomo Water Works Kuhner Packing Co dls forris 5&10 Stores 5s 50 Muncie Water Works 5s 65 Nat Silk Hosiery 5s 42. N Ind Pub Rery 31,5 69.. N nd Tel 4 5° "uh Sery Co ol Pub Tel Co 5 Richmond Wate: Wks Term Cor p 5s 57

6 Ss ai €

3s 58 49

hh] “nd 4s 69

LOCAL PRODUCE

Hen 11 hen

hens Leghorn

hreed hens, 12¢. hareback Leghorn hens, 9%, hareback Ri Rarved and Wh ROCK SPrIMg ) Ih and over 15¢ other colored breed spring hs. and ove! eghorn springers, 1 hs, and over arehack sSpringers 11¢c old roost. Re

A te hes Uy a 14 9a ers Na

1.ie

crn

fresh country case must deduction of unde: 55

strictly h Ml net Cas

rn weigh 5% 15 cents Ihe will

eges Ihs for he

ear 8 egch fal ° made Rr

Rte,

ng! No

ter No 1 Rutterfat-

2 fi 30¢ 1 Ke

No No

2 2

32 average

| 82m

000,000 bushels and the 1930-3

of 1,500 000, 000 bushels.

Luss Government Bonds

115.70 |

U. S. GOVERNMENT BONDS Low 08 0! 0 0

1 0} 0%

334s i As

1947-43 1946-44 1945 1954-51 1965-51 1953-51 1960-55 Federal 1947-42 1040-44 Home Owners js 1952-44

\ TLYQ 1'00D PRICES CHICAGO. July 15 (U.P). +Sweef toes ennessee, bu $2. 10%2.15 Michigan, crates 25 fr H0¢ Tomatoes Fexas, Jug $1.40% 1 65 Spinach. Tinos hu 8 @ "THe Canliflower Nashington crates 21 25@ 1.50 Carrots California crates. $4m4 50 Lettuce..California crates 2 80. Asparagus Home, crates Mewar? Onion Merkel 150-1h crates). California vellows. $Y 50% 1.55, Towa Yellows, $1 10%

1 9%

Incorporations

Ralph H. Miller tian admitted wearing anpnarel Ralph Mille Ine Delaware Indiana to retail

12 Jd2 9 1 Wl 1

1 0 0 5 Mam ‘Woarteage Won 104 104 107.15 107.15 Loan Bonds 109.5 107.3

Pota Cale

1h Delaware Indiaha to retatl and kindred line Womey Apparel corporatinn admitted Indies wearing apparel.

corpora

ladies

stares

Behavior of Municipal Bonds | In War Market Is Praised,

NEW YORK, July 15 (U.P) - war will have little material effect municipal bonds in this country, The investment banking house, in

its regular mid-year review of the "municipal bond market, characterlized the relative stability of munic-

ipal bonds during the recent general price decline as ah “Impressive” demonstration, “That there were ho wide fiuctua- |, tions and so little liquidation,” the review said, “appears to reflect an ihereasing immunity to shocks on the part of the American investor, likewise the growing realization that whatever the outcome ahroad, there is ho safer medium for the employment of surplus funds than carefully chosen tax secured obligations of American municipalities.” “Whatever may be the long-range

| Allegh

1A Cp

stock market has barely moved and volume has fallen IA

| Am

| | Aviation |

Bendix

Beth Steel | Beth Steel

Blacked & Blaw-Knox Boeing Air Bohn

Rorde en Borg: Warner Brew Bdgrent Briggs Bklvn-M 'T Bklvn & Q Bkiyn U Budd Mig Budd Budd Bullard Rurlington Burroughs

Cal Callahan Calumet Campbell Canada can cCarnentet Caterpillar 1

{Chrys 1 Col

Com Credit

| Copweld |C orn | Corn Prod nf {Crane {Crane | Cream Wht

pre= | Curtiss: Wi of | Cutler Ham

Burope | pu Pont Stre ugh rom A "have been seriously affected, and th Duaues and out War «ome instances practically destroyed. |

| Kast “Foreign | East

bulletin which | Fas value on war profits raports are vet available for Europe Elec oc

. and few are expected El

4 Ex-cell-o

| Gen

{Gen (Gen

| Gen

(Gen

| Good! ich Grant

to | Gulf

The near term results of the European std oh the price structure of high grade according to Halsey,

(Country Pe Co. HYed hy He ates of the frightful de- ut least be well maintained, "

Saturday Week Ago ’ Month Ago 16 Year Ago High, 1910, High, 1939,

5% 40) 4 \

5'% 40's \

Adams Exp Air Reduce Atr-Way Fi Ya 2 Alaska Jun 4 4, Corp Yn n R's

5% : 40 1'% 44

Al Cp pf $30 ww plow Lud Stl .. Indust chem Allied Mills Allis«Chal Am Airlines Am Bank Note Am ' Am

Te »

APB FA Wes 3

"305-100

oI —

824 aap 3 x AIP DO—J

Saturday Week Ago Month Ago Year ‘Ago High, 10140, High, 1939,

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Am Am Am Am wy Am&; % Pwr 37 of

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Saturday Week Ago Month Age Year Ago High, 1010, High. 1930,

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Roll Mill Ship Build Smelt Stl Pdies Stoves Stove Co T&T Tabacco

Hall Ham Hayes Hecker Helme pf Here Mot Hollander Holly Sug Homestake Houd-Her B Houston Ot Howe Sound Hud Bay M & Hudson Motor Hupp Motor

Print Watch Mig Prod

| Am & [Am Am Wallen Am Woolen Am Zine Anaconda Armour Del 1m Armsirong CK Arnold Const Artlaom Asso Dry Asso Inv Atchison {Atl Refining Atlas Corn Atlas Corn nf Aust Nich A \ corn...

I Central Ind Rayon Inpersoll Inspirain Inter : Integlake In

NAW DanDa

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Bald Loco ct Balt & Ohio Balt & O »f Barnsdall Avn Ind Loan Ind In pf

Cr Coal Island C Cl

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Ben Ben Jewel Tea Johns-Man Jones & L 7

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Rjamaze C Sou Raum am DS saysen Jul Kelsev<Haves Kelsey-Haves Keanecott

Al&Br Bond Stores

tp 82 BD

Cp Am Bras Mfg

SEE EE

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hs , Laclede G Lane Bry Leh Val Lehman O-T Gla i ihhy MONAT, Lig & My Lig & My | L fpr & My Lily Tul Cup Lima Loco Lion Oil Ref Lockheed Aire Loew's Loft Inc Lone Sta) Lorillard

Mfg pt pf Wheel

2.2

Packing B Zin nl & | Wh 2 “ “a Dry ' Pacific 3’ V4 : Stl Celanese Cem Celanese Celolex Cent Il 14d Cent Rib nf Cerro de Pasco Certain-teed Certaintd 6 nf Champ Pan nl Checker Cah Ches & Ohio h {5 Chi.Gt. W Ry nf 1's Ch M St p&p UN Ch M 8 PRP nf 5-16 Chi Pneu 'T q el 63 Climax Moly Co 27 Cluett. Peab Coca-Cola Colgate-P-P A Broadoast Col Broadcast Colum Gar Col Gas nl A Col Pielures

nr pl

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RH Mid 1CGilenn) es 4 Parry \ 100 is}

cop Pot Sti ni

Miami Mident Midland Moncap: 0 Mont Mor & Moin Main) Munsgingwear Murray

pe DBS

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—BABELSD

Com Inv Th Com Solvents Comwlith & Sn Comwlth Fdison Cong«Nairn Cons Airevaft Cons Cigaq Cons Ccopne! Cons Fdison Cons Film Cons Oil Cont Bak Cont Bak cont €an Cont Ins Cont Mot Cont. Oil

» —

mns

et a a - Aa ZaN

Cash Reg Dairy Dairy pf Nat Distillers Nat A Fibh Auto ib of Nat Gypsum Lead M&8t P&L Steel Ss Penn

Min Ind

A RB

Del Steel kx Bnk Prod

| corn

Nat Nehi Newmnt Newport

Co Co cv Zeller rown_ Zeller & Facible St Crucible pf Cub-Am Sug Cub? Am, Sug nf curtis 1h curt Pub pf curtiss=W A

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ZZZZZLZ2Z

No Pacific Davison Deere & Del >: x

Chem Ohia OO Omnibus {Omnibus | Eley Owens 1

Wf 1s Glass Mist Seag DistBeas pf Dome Mine Dougla Aire

114 158% 125 115 v

Duplan nf

{Du Pont Pan Am Airway Pan Am Pet |Paraffine Co {Paramt Pict Para Pict ? | Parke Davis Park Utah Pathe Film Penney Penn D Penn RR Peoples Ga Pere Ma ravetie Pere Maqt nf Pere Mqt pr | Rleifter Brew | Phelps Dodge | Phil Morris | Phillips Jns Phillips Pet Pillsbury P © W&C nf Pitts Sc%B Pitts & W, Va Plymouth Oil Postal Tel pf Press Proc Pub

nf L nt

Air. Lines pf.

R Mill Kodak Rod pf aton Mfg Bais on Bros Auto-L Roat Pwr & L Pw & 1. 86 pf 30 El Pw & L $7 pf 33 {Bnd Johns h Sve Bldg Vac Prod

Fast

Cem

Eel nl

uit reka Evans

| Ped Mot "ve Ferro Enam 3 Firestone T |Eid hk G N St Serv | Pub Serv {Pub Serv Puilman 2ure Oil

| Quaker

kote Morse Wheel stl.

Fair Foster report

5 pf

Am Inv Am Ti Baking Bronze Cable Cig . Cigar nf Electric

2 st Of Gen Gen Gen Radio Radio pf N, Radio K Or Ravonier Ravonie: Reon Mot Republic Republic Reyn Met Revn Spring Reyvn Toh Richfield Ol

Ge nw pf vie St st

Gen Gen Gen Gen Gen

ien Gien Safeway ; Safeway nf Jos Lead Bt L&R Pran St LS [ran Savage Arm: Schenlev Dict [Scott Pap 4 | Beahd Air 1 i Seabd. Air L pf Sears Roebuck

Gen © “" St Gillet a Giimhel Cilidden | Gobel

nf Adoll . (Groodveal !

Cintham Granh

Hos

Ww Gs eit | Shell | Simm oes | SRelly O1l | Blass Yann ieid Smith A O ! Sacony-Vaciuum

Gu M No nf

Sparks With Sperry Corp Spiegel Inc Spiegel Ine Square D Std Brands

Stuart & Co, Ine.

structioh of meh and materials . abroad—and it must be admitted [Blone, i Wik that, repardless of ‘who wins, the | Bunshine Min further removed outlook is disturb- | Rr Rhy ing—the fact remains that the near [Swift & ©. term results can hardly be such as Sh one to change materially the price Sym Gould structure of the high-grade municipal bond market,” the rievew concluded, “Whatever change there may be mav ns easily he for the ‘hetter, price-wise, as for the worse, With some reductioh inh new issues probable. little reduction in the existing vole of idle funds now in sight, and ihereased taxes a certainty, there appears good grounds for the viewpoint that the price level'should |

‘Ww, XW

I'exas Cotp Tex Gif Prod Tex .G Sul Tex PC Rk Tex Pac 1 Thatcher a Thompson Pr Thomn Star Thomp Star Tide W Timk-D AX Timken R R Transamerica Tr & West Aly HAN Cont ruax I'ra

iy Cent

mT A

pf A Oil

Stl Car nl..

152,80; 155.92; 2 RAILROADS

32.6%:

35.90; low,

low,

low, low,

12748 80.15 Ulen & Co 121.6% n.0¢ Und Ell Fish a | Union B&P ‘o |Union Carb L799 Un Oil Cal | Un Pacific Un Tank Un Aircraft Un Afr Lines United Corp [United Cp pt.

"a 2544 10% 8n',

26.08 26.02 RENT 0.14 3.14,

1.14,

UTILITIES

THAN 25.010

\ Rand 86

Rn 20

" pf 125%

low, low,

5h'e

1 R

S&F 0

3214 nn

31'z 47

Cady -3 Fx

t a RID DO BOON

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83-1

tt et BS Gu rm et

FSA DEBI SIDI

“58 M.45 70.60 ny R08,

0 Un Stores ‘A tin Cy 8

Univ LL. T of

Vadsen pf

Net » Change & AY

Virginian

Wahash | Walk { | Walw ‘orth d ak bak

ye Warner Bros + | Warren Br | Warne K Mot "

—— LID D Dt ae RAPID IAIWA IS

LID a> y a ~ ® - 6

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DUD me NAAN ADDN LDO am = =» > %N DUD me NAB DONS LDD N > x

verland Willys Over ld of

-t

0D pe WDD DIec

rigley

Yellow Tr . Young 8 & W Young Sheet Young Stl Dr

— oe | - Fa

— ann

Zenith Rad ..

Corn and Wheat Region Official Weather

Precipitation weather PLCldy Pi{Cld\ Clear

Stations Notre Dame Angola Wheatfield Rochester Marion Lafayetie ' Cambridge i. Columb 5 Vincennes

0 n 0 n nN 0 n n Nn n Nn n n n

Clea

City Clear Clear Clea) PtCldy Lloudy Sie PETA Clea PiCldy

\ oo Indianapolis fe Terre ante Evansville Washington

CORN PRICES CLOSE HIGHER AT CHICAGO

CHICAGO, July 15 (U. P).—An easy tone prevailed ih wheat futures on the Chicago Board of 'I'rade today after light hedging pressure : [carried prices to hew lows for the season. Volume was light Wheat closed 'y to 's cent lower, , [July T2%ec. Corn was up Kh 1! it [cents, July 617 @82c Oats ‘off ? (to up 'i cent, July 30%ec, and rye [unchanged to cent higher, July [43'5¢h. Soy beans were unchanged to % cent up. July 82ec. Initial light offerings of wheat, some based on week-end rains in the domestic Northwest, were absorbed readily at fractionally lower levels, but the market broke about a cent during the first hour of trade. Renewed light buying at the early low point arrested the decline and feehle rallies regained fractions the losses,

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RANGE

AAT AaB ID as EN

Pray

DLS LS Er

-——— -

Wheat

{July September December

High 3% JA 75)

Tow

ry (2m

3 T4%%

Clote %

Fata EE EE

3 37m

Corn P July | September | | December Oats July September Decembe Rve vy [uly i! 1 8entemher JI December Nov Beans {July ctoher ecemhber

i rd

82 B00

57% 1 \ Ya '

"gal emher | Qctober | December January .. a Asked,

FEAR EN

n Nominal

Sas.

b Bid

oy —

CARH | Wheat--No. 2 red, 76¢. No. 1 hard, 75@75%¢, 74% ¢; sample T4',2¢. No. : mixed, {Jow, hard, 2¢, hed

No. 3 red No. 2 hard 89! 0; No. 1 3% 7420. No py No. 1 yellow, , B41, 84* ec. No. No. 1. white, 75 2: No. 2 mixed, 306 33,3440; No . No sales. Boybeans 3 yellow, 80@80Y,¢c. nominal malting Provisions Lard $4.02, asked: leaf $6.75, nominal

* A

“LDP D a - EE

383 B=

-3035 nd dd - = a

3m 33 15¢. Rye No 351 4)c, Cash 100se, bellies,

Peed, nominal nominal;

, $5.50, nominal;

| i WAGON WHEAT Indianapolis ara tH are paying | for No. 1 oH biect to market {change other grades on “helt merits, Cash corn, No, 2 yellow shelled, 58¢ No. 2 white 1, shelled, 66¢; "No, 2 white oats, 27e,

WINNIPEG WHEAT Prev High Low Close Clage | Sows $ .71%a8 11% 3%

J4%

July Oct Dec aAsked

LOCAL GRAIN

CASH receipLs =» carloads No. o red 4 Bic No, 2 hard a al ‘ere receipts, 67 carlouds. No No. 3 yellow, HR'4fu 57.80 0 white mixed, ‘2@2':c

A1%n 4%

No Neo. 1

Wheat Weak, | red, 68f 69¢c, hard, 66 67¢ Strong. 50%, @ 817 4c | 4 vellaw corn. 9a 10c over vellow unde Oats white

U.S

WASHINGTON, expenses current fiscal year pared with a Rar

Expenses ..$ 17 Sho. 830. 153. 160,511.85

No. 2

receipts. 14 catlnads No. 3 white

STATEMENT

July 15 (BD and receipis through July Hat

Firm, 38,600,

PD) for 12

Gov the

83 $ a hn ag 1 1

. | Gold Res {Customs

Ed De a

INDIANAPOLIS CLEARING HOURE

$3,148,000 8,670,000

FOREIGN EXCH ANGE

NEW YORK. July 15 (U, P.).- Following are noon cable rates 0 major currencies:

Cable Rates Net Ohg | England ! ound) “ya. 19%, d ollar) 8 nl (rane ) nauoted (helga) Bw imarkka) | Switzerfand (france) | Rolland fguilder) (8weden (Krona) orway rkrone) enmark (krone) | {Japan (ven) exica (peso)

ry © A NS THE INDIANA TRUST €O,

Aled With THe Metchants National Bank

; "nquoted n2

NH003', Unauoted a4 ho

Unauoted

i be ia ! Unquoted a be

Btate of |

PiCld: PICIdy |

of |

close |

a i a ee aa D3 3D 30 83

ing: “Jumpmaestro” Prankie Hyers, Joe Venuti, Fredda Citbeon, Gordon CHfford and (wo orchestras In Hollywood, “The American Theater” will ‘present Praderic March and Marence Eldridge inh ot own Booth Tarkington's “The Gen tieman from Indiana The 14 programs actually ‘will be auditions of {ype of program CO Iimbia hopes will be fall network feature Line up fo the #eriex are Thespian:

8 0D—Gry Lombardo, WEFBM. TOMORROW 11:15-—<Mrs. Roosevelt, WLW,

Radib schedules will be more or less upget this week because of the Democratic National Convention at Chicagb, Mavbe vou'll hear your favorites and mavbhe vou won't iret oh the spot broadeasts began al noon today, James Farley, Presi. dent Rooxevelt's right hand man will join Secretary of the Tnterion Harold I, Ickes ih a guest appearance on Me “Washington Merry 4 Go ROURE” When Drew Pearson and |Soi1a Youhg, Robert, Allen broadeas’ direct from Charler Laughton : . the convention floor at 6:30 p.m rertride Lawrence, Donald Cook, Rep. Williath B. Bankheads (1D Burgess Meredith, Prank ‘Oraven Ala) Keviiote speech will be carried Walter Hampden and Ruth Gordon at 8:30 p. ‘th. over all chains, Th) Comedians: Edward Everett Hor WI'BM or WIRE ton. Fddie Cireene, Jed Prouty, ane Col. Lomtiel Q. Btoopnagle " HBingers Paul F0besnn, John The ‘OBS publicity Boles, Mary Martin, Joan Edward: has been slightly gaga ane ‘Gertrude Neisen weeks over the “Forecast Writer: Bonth Tarkington, Wins programs, making iis how clair Lewis, Northan Corwin, Cieorge at 7 o'clock over WFBM Pfanlkner, PG. Wodehouse and The first of 14 star-stiodded Keith Fowles will come froth New York and Ete n un n

a a regio future programs ih fHede folk Herbert Mair Margaret

hall Bullavan Elza Lanchester

1.,0«

n ”

department for several series of tonight

showy

Hol

THIS EVENING

(THe Indianapolis Times fn not responsible tor Inacerracies Ih Drogram he WOURCAm ents caused hy station changes after press Mt Ac NPRM APOLIS INDIANAPOLIS CHIL AGO oy WIRE 1100 wis Wi 3% x10 NIRS Ne et. (NRO MBX) (NBC Net) Waltz Time

Pack y Gotrdon Hedda Honper

Maleolm Claire * aie Jordan treene Wicker orld Today CWrArioh Carey

Bad Barton Poller Business Freddie Mille: Nyncopators

Waddie Magic News

“Musie Qui Restyled Rhythm

ote n

ete

CINCINNATY SAH "RR NRC “Hugo Monaco Poi Kithy & White Lowell Thomas

ome Fdition Rundown Preview

Nessa Byrd Nporis Dick Reed Asy Aces

Richest ‘war refugee to reach America Is Prance's Baron Fdoward de Rothschild, banker, of famed House of Rothschild, He is pletured arriving at New York. Baroness Rothschild, who accom - panied hit, brought ih $1,000,000 in jewels,

HEAVIER HOGS SLIP 10 CENTS

Invitation Baker & Denton Hon Winslow Peter Grant

Telrnhone Hone

News Tack Holden

Telenhone Hour Hollywood

Firestone Merry-Go Round Vitestone

1.0

1. 0 Concert Dr. " Rah Nirong

Cavallo’s Band Viorida Nalute

Forecast Pe.

Uhannoinced TR, YhArea

fharlie Barnett Democratic Cony

Guy Lombardo Contented Hour Contented Hoare

Democratie Cony Democratic Cony Burns and Allen '" , " ’ "

Measute Time anl Yores Musle Gardner

10 o'Clack Time

Maasire Time Nick Peed Baseball

Henedict

rant Hensler Held “mith

Pater wh Hatale Nin

News Ravmand Neatt RAtehal enry King

Leighton Nohle : Rhoades

1n.0n ns nn 1:1

11 teas 11 1!

Clyde Lucas " "

”"

Musto Yon Want

Top Declines to $6.65 Here; Lightweights Steady; Vealers Lower.

than 160 lower than

News

Musto You Want Mammy Kave Mammy Kave

MeFartand Twins

TUESDAY PROGRAMS Ng! ANA! 15 ( A * “hy x

Patra "ye votinnal Renorls

Symphony Fatrol Breakfast

Dust Lake Hiecesze Inn Manh River

h A5

| = Hops weighing pounds sold 10 cent: Saturday's price levels at Indianapblis today, according {o the Agri[cyitural Marketing Service phter weigh(s were stead) The My was $665 on 210 to 990) pounder: Vealers sold 50 cen lower with $0 50 top.

nore i ! CINCINN AT Wy, ann INBC MEN) Mille Hallte Conty

te Whine

INDIAN AnoLts INDIANAPOLIS wince 1050

Whim 1 Not y

Dawh "

wey Hoone

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Jam Time News fone Ionrney Partin Blake

Aan 1 Married Midatream Filan Randoinh Kathleen Norris

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Haconoloey ewe

Man | Married Midetyeam Filen Randolph Kathleen Norris

Thacld Marit Roan nf Life Against Niorm Guiding Light

Thindats noe Faltar's Danghier Homemakers Hout Nong Nahite

News

TKI y Kell Tort & Marge ilton House _Stepmother

TWMAry ee Tavlor ife Begins fg Sister Jenny's Stories Kate Nmith Gir) Marries Nang Shop Kitty Keene

“Mey, TPartell

Fath Circle

News Rright Npot Band Wagon Devotional

! | Hew aaa = x!

-——

R ents

Top 1.800

H (5 RT) 1A 66a 10.039 Packine Sows 300

Rents. July 10.600 609 30 11 H 357015 mais. Ang Gilt 14 5.90 hi 6.40 100 230 685 330- 160 « B.6b Good 160-400

450 500

July Ton 9

Memory Lane Music Magic Richatd 1iebert Home Folks

Friendly

| inda's Loge Road of Life Avainst Ninfm Gulding Light

White

290. 5.75 A ce . 5.60 Woman inh O'Neill Goldhergs dil

for's Dawehier -

¢ Haite

Hall

Hm ma oS

5.50 B10 5 00

Community Castietime

Whvihms Hanniness Mrs, Ronsetelt Hour

Xinein' Ham Waman of ( Surate Wamen »v New Farm Hoorn

on arkels, weanther ‘Arm Hour Jim: Ley Dick Reed

Mary Marlin Ma Perkins Penner Voune Vie & ade

Backstage Wile Mtelfa Dallas Lorenzo Jones Widder Brown

(ir) Alo Heit ‘vite City Today O'Neills

Nannday Bill Jones Parade of Bands Boy Greets Gin

Panech Bove Navatime Bunshine

5.25

250. 500 sfavughter

PAI IARIIAIDS - OE re DOP HA IODND

3 ] 5 85 Pigs Varm

y ———— ZT 33 BIL

— | -li. -

4 75 5.10 1860)

An ho. 150 Vealers (Receipts Balls ° excludad) $ 6.50-.7.1H 6.080 20 Me din m 5.50 arid

of Warld tims Navehier Melodies y AN fay hiuteh Homie

Mary Marlin Ma Perkins Penner Youne Vie & Wade

Backetare Wife Nielfa Dallas Painted Dieams Kitty Keene

Houseboat Hannah Peantiful tife Miss Inia Fiizaheth Pemis

TR, “Malone : Lien

Fletcher y Soh &

TRociety, Gif Waltz Time

Ntavighter C

hoice 750- 900 § 900-1100 1100-1300 100-1500

Wiley 1

1.2) Musteale 6 00 3

News Capitol ily Christian Selence " '

Men and Books Tropic Tunes Plano Mands Gold Coast

Kathleen Norris olden Ninre Yella Pessl Neattergood

“NOW y Helier Michael Loring

nye Jordan Home Fdition Forld Todav Al Donahue

KEY NETWORK STATIONS (Subject to change): MUTUNL=WOR, 710; WHX, 139%; WHKO, 640; CKLW, 1030: 'WNM, %50, NBC-BLUE=WJZ. 760: WOWO, 1160; WLS. WENR, R70: KWK, 1359. NBORED=WEAF, 680; WTAM, 1076; WWI CH; WMAQ, 670 OBS—WARC, 360; WIR, 750; WHAS, 820; KMOX, 1090; wiBMm, 710,

VEGA CO. TO BUILD BRITISH BOMBERS

15 J, P) Co tela na siheontract

4 00. 5.00

ers

50 0H 50 Gaod and 50 choice common TH mediu m 73'Cull Feeder, Rtocker Cattle, Calves (Receipts, 773) Nteers

Como} 1 Ves Piann Moods ; Nerennde 100 00 Concert Nour edium " 2 750-1100 1100-1300 Common 750-1100

2.00 Capitol City 215 i" y 380 3 1h

"EN. BT Time

y Reanest th Heifers

10.00.10

Steers, Cholce i 750

Cotton Ouéeh

Kirhy & White Cowell Thomas

Choice Beériny Krueger Atavnd Fawn 500- 800 , a 800-1050 00 Good 00 A00- 800 800-1050 Medium 300-1000 7.50 50 Comman 500- 000 600-7 Calves (steers) CGiood and ehotce 500 down Nn. 73-1} Medium 500 down RAN Calves (heifers) 7.50 Good #75 5300 dawn | 3500 dawn

0.00 0.00

10 0.75

”"

" "

No A5 An 15

n 0

8.00 8.00 Heifers Cholece | 750-900 CGroond 750- H00 Medium 500. d0O0

~ 1000-10

0 50.10.00

R50 50 7.00 Cows Ci ood £50 Medium 5.75. Cutter and common 30- 5.75 Medium cannes 25. 4 5300 300 down SHEEP AND LAMBS (Receipfs Lambs (spring) chalce and good

n Ci RNa : 00. 000 240 fn. adinining U Alr Ter-

Biirbank homber ‘is a new | 1ockheed-Vega

siraetion non minal The ax the will attain miles pel and faster ‘nh homber praise for ite Messerschmitt

al nnn. R230

fe Known Model 37 and apeads of more than 300 nour It ‘will he than the Lackhead Hud which has won British work against German ant Heihkels,

WAGON WHEAT elevator: pithisct on thelr

4 i i450

1130

BURBANK, Cal, Jul Vega Alrplate nounced receipt of from the Lockheed Aircraft Corp to build a quantity of new {vpe twin-engined Bombing planes und spate ‘parts for the British Government at a cost of approximately 330 000.000, ©. 8. Cross, Vega president. wald fhe planes will Be built al the new Vega factory under con-

larget

3 0.00 £.00 7.00

| Goad and | Medium common

ny 0.25 8.25 Fewes (woaled) {Good and Common and medium

i ‘ 1 1 r” - 1 ““ »” CHICAGO LIVESTOCK 17.000. steady ta 10¢ active. top, 26.75, bulk 180-270 lbs. $8.35% 6.70 86616.40, heavier hutchpacking sows, 360 lbs 400-550 Ihe, generally

choice 9 15

3.30 2700-2

50 fd fananali Wa ihe far No. 1

change, othe t

Fait wheat A5e grades

gre th market

Receipt: moderately { and choice { most, 270-330 1h: ers, $5.75@6, most (down, [email protected] $4.65@ 5.25 Cattle

| Hogs lower, {good

enrn Nn

while

“Helfer

16.000; calves, 1200 weighty steers weak good and choice of decline; all yearlings

Receipts medium weight and to 25¢ lawer, strictly | ferings showing leant [steady nixed steer and heifer yearling: getting dependable action, largely run; incéreased supply feds kinds here, th ! plainer Killing auality week most early sales steers, $9.756@'11, $11.50 patd for weighty steers: best 1040 1h. yeaclings, 811; hetfers, $10.75. numerous | loads, $9.756°10.40, stock cattle scarce leows In moderate supply steady to easy [bulls “and valers fully steady; Weighty | sausage Hulls to $7.40; selected vealers $10.75. mostly $i 10.5¢ Bheep Receipts, 4000; spring @40c lower; 7 doubles Fano moderately sorted, $9.35/@9.40, small at: natives, $9.50; better kinds held higher 71-1b, averages, $9.25. throwouts native mostly $7.50 own; fat sheep scarce, stead)

HILE THE REST OF THE TOWN SLEEPS HARG'S AUL-NIGHT DRUG NTORE

22nd and Meridian ‘OPEN

f.adies’

Latter DAY SANDALS. .

RINREY 5

138 BE. WASHINGTON ST,

12 mbs, oe springe

OTHER MVESTOOK |

CINCINNATI, duly 15 (U, PP). Hogs Receipts, 4500. marke: steady to 10 cents lowes: sows 25 cents aff, top, $6.70. 160{180 Thx, $6.55 100-140 Ihe £4.50%'5.25 packing sows, $4.350@5 Cattle “Balable. 1300. totaj, 1375. Calves Receipty, 500, top, #11, meditim around 1000-1h, steers, $9.50. grass sleers and heifers. $868.75; cuttery dairy hred Kind: Adownware to $6.50 medium and good heel cows, $6507, cutisry And common 4550606 25, canners, 83.754 4.75. ‘Kausage (hulls, £6.50 down, gaod to ~hoice Wethers £9@9, 50: unselected lightweights medium $7.50@ 8 Bheen good to common rr. Ww

Woodworking Your Hobby Use §

DELTA MOTOR DRIVEN TOOLS

Exclusively at VONNEGUT'S

1% FE. Washington Nt

Make

INDIANA FUR CO.

OUTFITTERS TO

MEN, WOMEN ahd CHILDREN

Men's

And

Women's |

Clothes

TATLORING CO, 235 MASS, AVE,

LINED. EPAIRED EFITTED

LEO

Receipts, 2000 choice spring and madium grades, AYNE July

market slow lambs, $949.50 86% 8 THE MODYRN CRED

29 W. Wash, [7

* fa

STOR

[heater Ophonsite Us

WwW. Wash, Lincoln Hotel

evinson a Hat; 8 55ua 0: | GENUINE $5.50 down: |

hs. $5. 75616.05, bigs $5 25 $8.50%9.50,

down. Calves

"ns Hide.

Mav be ‘arranged throwgh our Personal roan Department

The Peoples State Bank

130 ¥. Market Member Federal Deposit Tis, Corp.

131 'W. ‘Washington St.

Directly Opposite fndfana “heater

Convenient.. Shipment of packages, large or small, is quick and ‘easy with Railway Express. We call forand deliver at no ‘extra charge in all cittes and principal towns. Rates are economical, too, and include receipts and insurance. For super-speed specify Air Fxpress. Photte us... or Western Union,

Per evson

Instruction INDIANA MUSIC 0.

115 ‘BE. Round Nt.

POR PROMPT SATISFACTORY CUEANING WERVICE

Sirs Cal) BE, 4100

19 W Washington »,

AGENCY EXT RESS TRY A WANT “AD IN THE IVES, NATION -WibE Wak. ‘Wik SERVICE | THEY WL ‘BRING |