Indianapolis Times, Indianapolis, Marion County, 24 July 1940 — Page 13

i i ih Co litte tpi

WEDNESDAY, JULY 24, 1040

JONES TO ASK ‘ELASTIC’ LOAN FOR AMERICAS

Measure Would Allow U. S. Wide Latitude for Aid Of ‘Good Neighbors.

By MARSHALL M’NEIL Times Special Writer WASHINGTON, July 24.—Jesse H. Jones, Federal Loan Administrator, will ask Congress next week to approve a bill the terms of which he agrees are “extremely elastic.” “Extremely elastic” means, in this instance, wide as a barn door. Through that door, it the bill is passed, will go loans to South American countries of $500,000,000 or more, as requested by the President Monday. Loans for roads, for war materials, for commodities such as coffee and beef, for almost everything that bankers make loans on. Mr. Jones has no formula for making the loans; no term or interest rate has been fixed. “You can't tell how youre going to lend a man money until he asks for it,” he said. Each loan would stand on its own bottom.

No Trouble to Lend “Nobody knows what these coun-

four of her offspring.

This sow, Farina, won’t go to market . .. but Twins George and

FINAL NEW YORK

Farina, the Pet Sow, Has Protege .

Monroe Skinner have ideas about

STOCKS

tries want,” Mr. Jones went on, at his press conference. “This bill puts us in a position to be of assistance to countries of the Western Hemisphere, if they want help” The loan program is vo synchronize with whatever Secretary of State Hull makes a 514 Havana. Rg fad 93s It may seem odd that the Admin- | Allegh ha Stl. 20% istration should be asking half a Allen Indust Lr ‘al

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Allied Chem billion for lending purposes when! Allied Stores ...

no loans have yet been requested. | Alpha Bc he Th But this Government has never had | Am Airlines 38 great difficulty in lending money— | A BE Soe p? Kv to railroads, to insurance compa- | Amer San of 94 nies, to cotton, corn and wheat! am Cable & farmers. Am Chain & If an agreement is Havana, Mr. Jones said, *

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|DOW-JONES STOCK AVERAGES 30 INDUSTRIALS . 122.28 40.17 —0.30 —1.32 +0.32

| Yesterday | Week Ago Je | Month Ago | Year Ago High, 1940, 152.80; low, 111.84. High, 1939, 155.92; low, 121.44. 20 RAILROADS

. 4 | 21

Y | Sears

Net Low Close chadge

Raybestos Rayonier Reading 2 ot. Rem Rand ( Reo Mot vte ... 1% Republic Stl ... 163% Republic Stl pf 32% Repub Stl pf A 7 Reyn hing Reyn Tob B.. Richfield Oil

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Safeway 43% Safeway § pf..105%2 St Jos Lead ... 31} St L-S Fran.. Schenley Dist .. Seab'd Air L Seab’'d

43 105% 31 3-16 9's 3-16 Of .... 13 Roebuck. 72% 722 Servel Inc vos D7 93% Sharp & D.... 3a Shell n Oil . 83 Sim Saw & Stl

23 Skelly Oil 147%

THE INDIANAPOLIS TIMES

Carry 4-H Club Hopes

TT PAGE 13

These little pigs may go to market ... but Kenneth Hoffman hopes they win the 3 H Club Ton Litter contest Hurst

Weakling Misses 4-H Chol Contest, Will Learn Tricks

Times Photos.

ON THE

TONIGHT

6:00—~Question Bee, WFBM. 6:30—Manhattan at Midnight, WLS. 7:00—Abbott & Costello, WIRE. 7:30—Stadium Concert, WFBM. 8:00—Kay Kyser, WIRE.

Manhattan at Midnight, a new weekly series of stories plucked from the streets of the nation’s largest city, will take to the air at 6:30 o'clock tonight, C-WLS. Tonight's episode concerns an heiress, a test pilot and a transcontinental airplane chase. A new cast is to be presented each week. Tonight's stars, Doris Dudley and Leif Erickson. # » #

Abbott & Costello, zany stars of the Hour of Smiles, 7, NBC-WIRE, launch themselves into the movie business tonight. The title of Hollywood’s latest competitor on the East Coast will be the Wacky Motion Picture Co. . . . “The Case of the Curious Candy Store” will be bared by Mr. District Attorney at 7:30, NBC-WIRE. It concerns a modern Fagan who taught youngsters to steal. “Lady in Distress” will be the Dr. Christian story at 9:30, CBS-WFBM.

o » "

- A missing Uncle George complicates matters as the Meeks substitute for the boss as hosts to a society gathering in the Meet Mister Meeks series, 7:30, CBS-WFBM. . « . Military use of television and facsimile broadcasting will be dramatized on This, Our America, 5,

(The Indianapolis aouncement caused bv station changes INDIANAPOLIS WFBM 1230

1160 (CBS Net.)

(NBC-MBS)

INDIANAPOLIS WIRE

RADIO

NBC-WLS. . . . “What's What,” a newesong written for Kay Kyser by Johnny Burke, will highlight the 8 o'clock class of the College of Mu= sical Knowledge, NBC-WIRE. " o ” A musical highlight tonight will be the broadcast of an all-Russian program at 7:30, CBS-WBBM, by the New York Philharmonic-Syme phony Society orchestra. The con=cert is the only scheduled broadcast by Efrem Kurtz, guest conductor.

” n ” Station Breaks Edgar Bergen has been trying for weeks to get delivery of a new plane at Nash=ville, Tenn., but there are too many others in line at the factorys . . . He now is making tentative plans to go to Nashcille today and fly back to the coast via Indianapolis.

2 2

If you've got a Stradivarius stowed away in the attic against a rainy day, you might as well just forget it. . . . Harry Salter, orchestra leader of “What's My Name” explodes the myth that there are only half a dozen or so genuine Strad violins extant. . . . Mr. Salter points out that Stradivarius lived to be 93 and that he made about 1500 instruments, including guitars, cellos and violas as well as violins. . . . Of those 1500, some 950 were violins of which about 425 or 450 are still around. .+. . The average Strad price is about $30,000 but many fine Stradivarius violins can be bought for a great deal less. ”

® =

THIS EVENING

Times is not Jesp

onsible for SDasevracion in program an-

ter press CICA AGO CINCINNATI WLS-WENR 870 WLW 700 (NBC Net.) (NBC-MBS)

Waltz Time Hedda Hopper Joyce Jordan World Tony

Qo oncert Or. Freddie Miiler SYneopatons News

Question, , Bee

Unannounced

Home Edition U. 8. Reports

Dessa Byrd Swnorts Review Dick Reed Easy Aces

Playhouse Comedy ,Echoes

OD OD dnlome

Plantation

Rocky Gordon Follies Malcolm Clairs ' Kirby & White

Ireene Wicker Bud Barton Lowell Thomas

Easy Aces Pleasure Time Lost Persons Baker & Denton Don Winslow Peter Grant

Playhouse » »

News Grace Wilson Our America ” ”» - Manhat’'n Midnight Plantation

Star Theater Mr. Meek

ahs

Abbott & Costello District Attorney

News Horace Heidt Roy, Shields

Abbott &, Costello District Attorney

: S252 ip isto SE53

~ Glenn 1 Miller

Pan America

+44

Kay Kyser

”» ”»

Kay Kyser

”» ”»

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High, 1940, 26.45; low, 18.08.

Youth Training | High, 1989, 21.10; low, 20.7L 8

War New We _An Sang

Amos and Andy y Ross "Christian

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Will Bradley

Socony-Vac y Nat t. Symphony

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to do our part.” U. S. Stiil Holds Cotton |

Our part might involve, for ex-| in HD u&Fdy. ample, a loan to Brazil, with coffee | 13m P&L 6 bt ry as collateral; or a loan to Argen- Am Rad & SS tina, with beef as security. | 31 Boll will Then, if the lenders didn’t pay |Am Seating off, the Government—through the im Ship Build Export-Import Bank of Washing-|am sa Fai es . ton, the agency which would be [jm 3Jtore Co given this $500.000,000 under the |Am Tobacco bill—might become the proprietor {Rt Top." of large quantities ot coffee or beef.|Am Water W... Such a thing happened when the] Fi Soolen «uo Commodity Credit Corp. lent money | | Anaconda to farmers on cotton. It became the 3ncRor Fork GI owner of a vast amount of cotton, | Armour g which it is still in the process of jimscron®, Ck - liquidating. As Dry Gds pf Mr. Jones said there was no in-|jiifesgs. ft tention of giving money away, or of Atl Refining “i buying South American sudpluses.|Has £38 pf This, he said, is not the cartel plan|Atlas Par that many have talked about. The Rtation Corp. inference was that this was in lieu|

of that plan. “It’s Lot of Money” [Balt & Ohis pf | Barber pophaly

Barnsdall about the cartel] Bayuk Cig

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Farina, the Skinner twins’ 3 sow, has a protege because her off‘4, | Spring was too healthy to be both-| |better than its mother. a ered by the weather but too weak | So this little pig will stay at i to enter the 4-H Club Ton Litter | home unless the boys bring it to} ® contest. town in harness just to show it can | % So George and Monroe Skinner, pull them through the streets.. That | } 1,1 13-year-olds who live on a farm at is one of Farina's tricks. Farina as! Ben Davis, are teaching Farina's will also play follow the leader with i4| tricks to one pig in the litter that the twins and moons around when i+ won't go to market. lthey are at school. Farina, too, will In March Farina had a litter of stay at home and have another pigs but the month wasn't a very family next year. = good one for baby pigs. The weak- s for the rest of the family, the s/er pigs in the litter died but five | boys may send them to the market. *| survivea. It takes only four pigs But if they win a prize, the boys 8% [for the Ton Litter contest and the probably will sell only the two bar“‘3p | Skinner boys picked out the four rows and keep the two gilts for te (healthiest pigs to show in the brood sires. That depends on how ""y,! county contest Aug. 9. [the contest comes out Aug. 9, when The fifth pig was still something the pigs will come to the Fair ul of a weakling. So the twins made | Grounds.

"HOGS DECLINE 10 GENTS MORE

pet|a pet of it. They taught it the same tricks they had taught Farina [last summer and it learned even

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10 o'clock final Moonlight Garden s n Paul Jones Paul Arnold

Barney Rapp

Peter Grant Gardner Benedict Rudy Rudisell

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Ray Heatherton Dick Reed Baseball |

Net Low Close Change + 1

”» ”»

Clyde Lucas Musio You Want

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Baking .. Cable nf . Cigar pf Electric. .

004s . Mills of. 1ag a Mot

tor 431% Motors “. 12615 out _Ad

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Jack Chapman Baseball Headlines Ina Ray | Hutton Gus Arnheim Cy Henderson Musio You Want

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THURSDAY PROGRAMS INDIANAPOLIS INDIANAPOLIS WIRE 1 WIBC 1050 (NBC-MES)

Dawn Patro Market Reports

Dawn Patrol

Lunceford

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George Barton

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INDIANAPOLIS WFBM 1230 (CBS Net.)

Early Birds ld ”

CINCINNATI WLW 100 (NBC-MBS) or — Devotional Millie and Dollie Symphony Boone County Breakfast Jam Time to Shine 4 » News

one Jonrrey Portia Blake

Stone § & Web. . 15 | Studebaker .... l5{Sun Oil ... 1s |Superhtr 1. | Superior stl +2 | Swift & Co. Ya | Swift Intl

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Kitty Kelly Mvrt & Marge Hilltop House Stepmother

Mary Lee Taylor Life Begins Big Sister Aunt. Jenny

Rate | Smith

sin Marries

145 Kitty Keene a Mrs, Farrell

Farm Circle

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”» ”»

3; 8 4 1s

Basonology News

Telautograph “ T "ish

Man J Aarried Midst Ellen "Randolph Kathleen N Norris

Linda's s Love Road of Life nst Storm Gullding Light

pid in White

| +14 i0rs4

eer Grevhound Cp Grumman Air E Gu Mobile & No Gu M & No of

Man I Married Midstream Ellen Randolph Kathleen Norris

David Harum Road of Life Against Storm Guiding Light

Linda's Love pe o Sor C it Hall Goldbergs omemakers Hour Community Ha 5 Sone Salute Castlet time Editor’ s s Daughter Singin’ Sam Noonday Rhythms Wanpiness Woman of Courage Bill Jones Mrs. Roosevelt Wemen in News Randy Parade Farm Farm | Hour Boy | Greets Girl

Markets. ather Ranch Bovs Light ht of World Farm Mig : Novatim Grimm’s Daughteg

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months.” He explained that the | Bohn AL TB $500.000,000 would be a revolving Bond Stores fund. | Borgen Warner The bill would permit the EXport- | Bower R B Import bank to make loans in any Brewing Co Am Bdeept Brass amount, removing the present limit!wrices Mf of $20,000,000. It would broaden BRI a T the purposes for which loans can be | guqa Mig made, and it would not require that Budd Mie pt all money borrowed be spent in this Budd Wheel

Bullard country. | Buriugton M

STOCK SALES DIP TO +45 NEW 22-YEAR LOW

NEW YORK, July 2¢ (U. P).— Speculative interast in the stock market dropped to a new 22-year low today while prices edged irregularly lower, Less than 200,000 shares were utnrde over for the five hours, the smallest total since Sept. 19, 1918, when 165.091 shares were traded. The previous 22-year low had been set last Thursday at 221.640 shares Quiet conditions also prevailed in bonds and commodities, although gains staged an encouraging performance. Bonds worked irregularly lower. Stock market traders irgnoredf lark Eq favorable business news. Major at- He en Rea tention was centered on the foreign |Cluett Pead 33 Colgate P-P 11'% sitvation and on the excess profits dg & aix 2014 tax—both itangible at this stage Col & So 1 pf. 3 It was evident that the market |&dl Broadcast A 13% is not expected to break out of its Solum Gas month-long rut until something 5) Ba of definite is know regarding Britain’s Col Corbon . ability to withstand the threatened Com Credit om Inv Tr nazi invasion or until some details ¢

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DAILY PRICE INDEX |

Commit h Batson 302 2 | Cong-Nairn 18 | Cong NEW YORK, July 24 (U. P)—| Cons Dun & Bradstreet's daily weighted Cons price index of 30 basic commodities, S0S

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| Sons Cons Oil compiled for the United Press (1930- Consum Pw pt 10) 32 average equals 100): Container Yesterday ‘oh 113.58 Cont Week ag0 ........ . eves 2956 | Cont Month ago 11591 [Cont Steel Steel Year ago 102.34 Copel Sh of

1940 High Jan. ° 2) "193. 34|Qom BE 1940 Low (July 23)

.. 11358 Crane Co LOCAL PRODUCE

Heavy breed hens, 12¢: bareback hens, | Leghorn hens. 9c: bareback Leghorn . Barred and White Rock spring- u ~s 21% Ibs. and over, 10c: other colored | | Sure Iss. heavy breed springers. 22 lbs. and over, | Cutler-Ham 14c; Leghorn springers, 1 Ibs. and over, | 13¢: bareback springers, old roosters, 6¢C. No. 1, strictly 13¢c;: each full ross; a net deduc

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U. S. STATEMENT ar Mex

| Du Pont ! WASHINGTON, July 24 (U. P.).—Gov -|Duques L pf . ernment expenses and receipts for the] current fiscal vear through July 22, com- | TET th a year ago: ir Paces vo This. Year vear |East Kodak Expense: . § 628. 792,493.86 $ 0) $80. 838.85 | Eaton Mfe . Receipts 247, 271.10 214.931. | Eitingon Sch . Gross Def. 2 2 Ee ute- uy ec Boat Caan Ba {Ele¢ Pur&lL Lt ! |! PwalL $8 pt 20% |El Pw&Lt $7 pf 321% | Eng Pub § .. s 21 | Eureka Vac | Ex-cell-0

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GETS WESTINGHOUSE POST Fid Phen

PITTSBURGH, July 2¢ (U. P) — Fd Phen oo 3 Westinghouse Electric & Manufac- | First N Strs.... turing Co. today announced the ap- | Foca Sach ee 12 pointment of James H. Jewell of | Freent- Salbhur Pittsburgh as manager of agency sales.

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2% LOCAL ISSUES

The following apolis Bond &

Zonite

Suctations by the Indianorp. do not repre-

dicate the approximate market level based

transactions. Stocks

Agents Finance Corp com Belt RR & Stk Yds com Belt RR & Stk Yds pf 53. Cent Ind Pow 77% pfd Hook Drug Inc com Home T&

6% *Ind Hydro Elec ¥ Indpls Gas om Indpls P&L co Indpls P&L 8% Indpls P&L 6'2 Indpls Water aR Lincoln Nat Life

LR Laundry com .‘e Pub Serv Co of Ind 6% ‘ptd ur Pub Serv Co of Ind ae pid .. *So Ind G&E 4.8% pfd Terre Haute Elec 6% Dp Union Title Co com Van Camp Milk ptd. . Van Camp Milk com Bonds

American Loan 5s 51 American Loan 5s 46 Citizens Ind Tel 4's 61 Crabbs-Reynolds-Tavlor 5s “2 me T&T Ft Wavne 5!

Ind Assoc Tel Co Ses 70 Indpls P&L 148 70 Indpls Railway Inc 5s 57 Indpls Water Co tas 66. . Interstate T&T 5's Kokomo Water Works 5s 58.. Kuhner Packing Co 4's 49 . Morris 5&10 Stores 5s 50 . Muncie Water Works 5s Nat Silk Hosiery 5s 42 N Ind b Serv 3%s 69 N Ind Tel 4'%s 55 Pub Serv Co of dpe 4s 69. Pub Tel Co 4's Richmond Water “Yrs 5s 57.. Trac Term Corp 57 PEx-dividend.

FOOD PRICES

CHICAGO, July 24 (U. P.).—Celery— Michigan crates, 35@50c. Tomatoes—TeXas lugs, inach—Illinois bu. 50c. Cauliflower — V ashington crates, 30R 1.35. Carrots—California crates, [email protected]. Lo uce—Ganfornta crates, $2@285. Onion market (50-1b. Sk) Ichigan yellows, $1.10; IDlinois yellows, 90c@$1.2

Government Bonds

U S GOVERNMENT

4s 1954-44 ..... 3's 1940-46 ...

sreasans

2%s sn

sent actual price offerings. but merely in-|Choice—

on buying and selling quotations of recent Good—

1g Station

Al Weights fc Share in Dip; Top Price Slides to $6.50;

Vealers Strong. |

[F Following yesterday's sharp 25- |B

| cent break, all weights of hogs to- |

|day declined another 10 cents at |

{the Union Stockyards, according to the Agricultural Marketing Service. The decline brought the top| price, quoted on 220 to 230- ponds ers, down to $6.50. The local vealers market . steady with a top quotation of $9.50.

July 18 19 20

Barrow

Top Repts.

«8 6.85 6.65 7308 6.50 4614 |

s 32 Repis. July

6.73 3a 23 6.73 2500 and Gilts ows .40- 5.50 5.30- 5.45] 20- 5.40 4.95- : n 4.60- 5 4.50- 4. 8

4.25- 5.15]

Siangiter Pigs 90- 150 4.40

www ’

Deon, 010 Ns Oy =100,

Medium—

160- 200. 5.40- 6.25]

Ey | Slaughter Cattle & Vealers (Receipts, 2287) | to 15 cents, September, 45%a. Soy-

Choice— JXearings excluded) | 750- 900 § od 6. 3 6. -

5.50-

5.00rs

6.75 | 6. 0 5.50

Baaage Medium Cutter and common Veale

ft pt Bt bt

® soo S509

oo = oS ’

9.50 |

7.50- 9.00 | 6.00- 7.50 Feeder, Stocker Cattle, Calves (Receipts, 331) Steels

9.00-10.00 9.00- 9.75

8.00- 9.00}

00 _6.50- 8.00 Steers, Heifers | Choice— 9.85-10.60 500- “800 9.00- 9.85, o | Good— Heifers | “500- 800.

7.25- 8.25 mmon-— 7.75- 9. 00, 500- 900 6.00- 7. 2 Common— - 900

Calves (steers) 6.00.7. ws. Good | and choice— own

9.50-11.00 y & 25 eS 25

6.25 500 down _8.00Calves Ses 5.00

Good— 4.00 90 down 8.15- 10.25 Se 500 down 7.50- 8.2 |

SHEEP AND LAMBS (Receipts, 1287)

Lambs Ai) choice .

ows 6.255.00-

4.00- . 2.7 =

Good Medium Cwtter and common.

Good and Medium Common Ewes (wooled)

Good and choice .. Common and medium

CHICAGO LIVESTOCK!

slow and uneven, later trade sparingly;

Hogs—Receipts, 10.000: opened steady to 10c¢ lower; mastiy 10@15¢ off; top. $6.55 bulk good and choice 00-240 1bs., $6.25@ 6.50; 240-270 lbs. lar ely [email protected]; most 270-300 1bs., [email protected] some 300-330-1b. butchers, $5.50@ 5.80; most packing SOWS, 0 lbs. down, [email protected]; few $5.50; 2 500-1b. kinds generally $4.50 0a. Cattle — Receipts, 10,000; calves, 1000: steer trade very slow; opening 15@25c lower on strictly good and choice grades: generally bidding 25¢ or more lower on all grades; mostly steer run with Sood and choice grades PTO oice to rime Nr $11.8 other earty Sales fargely [email protected]; heifers, slow: around 15¢ lower: best early, $10.50: choice Colorados held higher; cows, slow, steady; bulls weak at mostly $7.70 down; vealers 25¢ lower; practical top, $10. 50; few

choice, Shee Ne. Receipts, 2000: late Tuesday spring lambs weak to 25¢ lower: bulk sorted natives. [email protected]; throwouts, $7 down; four doubles handyweight rangers sorted 25 per cent, $8.75: feeders averaging 74 lbs, $8.50; today's trade all classes around steady: most small lots native HA lye Vignt to moderately sorted,

A rowouts, $6@7: one double andywes oy Western springers with 40 outs $8.18; others with heavier sorts jam : oie ‘few handy dryfed shorn year$7.65: odd head light native ewes, : bulk $3.50 down.

OTHER LIVESTOCK

FT. WAYNE, Ind. July 2¢ (U. Hogs—10 cents lower; 220-240 lbs.

—| NEW ; |are goon cable rates on major currencies:

High Low tation Weather . 9 4 .C0 Clear 74 Clear Clear

Notre Dame Angola * vee Wheatfield . 8 Rochester Marion | yaray ette ambridge city. SE . Vincennes

Inds anapolis Terre aute Evansville ashington

SPECULATIVE TRADE LIFTS WHEAT PRICES

CHICAGO, July 24 (U. P.).— Speculative interest, whetted by continued hot weather in the spring {wheat belt, carried wheat prices to higher ground on the Chicago Board of Trade today. Rye reflected the full advance early and corn was independently strong. Wheat closed 1% to 13% cents higher, September, 743; @74%o0. Corn {was up 13 to 2!2 cents, September, 62@62%c. Oats, % to 7% cent highler, September, 29a, and rye up 1%

DW" AO nO

o> oe OCD

aad aodadadaYadaday=T-3=7

dd BD BD VOD 4 p BD WB

Cloudy

beans were 3% to 1 cent higher, October, 75c. Minneapolis wheat displayed lead-

Reporter Dick Reed

Mary Marlin Ma Perkins | Pepper Young Vie & Sade

Fletcher Fie Son I

io “Givl asing Blues

__ Friend in Deed

Adven. in Science 18th Cent, Music Matin __ Console Melodies

<2 =

SD ioe 2: = — wo

ella Dallas orenzo Jones Widder Brown

Girl Alon Beautiful “Lite Citv Today O'Neills

Kathleen Norris Bevend Valleys Jne Kearns __ Scattergood

Rackstage Wife

Sunshine, Melodies Valiant Lady Church Hymns —— Mary Marlin Ma Perkins Pepper Young Vie & Sade

- - A —_—— Backstage Wife Stella Dallas Painted Dreams Kitty Keene

— Popsrhoat Hannah

Musicale ”» ”n Capitol City

Piano Moods Serenade Concert , Hour Capitol City Request Time

Life

Julia Elizabeth Bemis

old: -Tyme Girl Home Edition

"Melodic Stringse Bob Edre Jovee Jordan World Today

' ' | Beas OWL (010191

(=D oo gd iid

MUTUAL—WOR, 710; WHK, 1390; NBC-BLUE-WIJZ, 760;

CBS—WABC. 860; WIR, 750;

George ge Sterney KEY NETWORK STATIONS (Subject to Change): WHKGC, 640; CKLW, 1030; WOWO, 1160; NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. WHAS, 820; KMOX, 1090; WBBM, 770.

Around Town ”» Ll

Cotton Queen

Tom Davis

Lowell Tr Thomas

WSM, 850, WLS-WENR, 870; KWK. 1350.

50 BANK. OFFICIALS TO MEET FOR WEEK

NEW YORK, July 24 (U. P.).— International Business Machines Corp. announced today that some fifty bank accounting officials and executives from all parts ot the United States will convene at a one week conference at the schoolhouse of the company’s Endicott, N. Y.,

ing strength in. early dealings while Kansas City followed with Caicago. Winnipeg prices remained at pegged [levels in a dead market. Foreign interest appeared quiet. With the weak July delivery out of the way there was little resistance.

RANGE

High . $.733 Ta 16%

Prev. Close $.733 147%

Wheat— Close Sept. +. vrees $.74% | Dee . 76 May ‘x rea JV Corn=— | Sept. ..... “aus oo {Dec May al] PO 1D

BB trae asevy ] Rye—-

60% 56%

.62 58% 61%

28% .29

29a 293% 313%

45'sa .43'% 47%

.497sa

15 14%Db

5.57b 5.70b 5.80 5.95b

c. [De 6.02b

‘Jan.

Wheat—No. 1 hard. 75¢; No. 3 hard. a @%74¢: No. 1 and2 red, 77c; ark hard, 76¢c: No. T5¢; No. 2 My 74@74'2¢; No. 73% @14c. Corn—No. 1 mixed, mostly white, No. 1 vellow, 6512@67'4c; No. yellow, 6512 @67'2¢c, nominal; No. 3 yellow, 65@ : No. 1 white, 6c. Oats—No. a @30c; No.

No. 1 ‘white, ri B0c, No. 3 whi 2934¢; No. 1 mixed, heavy. a Rye—No sales. Sovbeans—No. 79@T79%¢c; No. 3 yellow, 773% @78%c. Barlev—Feed, 35@45¢, nominal: malting, 43@ 54c, nominal. Cash Provisions —Lard. 5.62, nominal; loose, $4.75, bid; leaf, $5.12, nominal; bellies, $6.50, nominal.

1 mixed, 3 mixed.

WAGON WHEAT Indianapolis grain elevators are paying r No. 1 wheat, 68c; subject to market change: other rades on their merits Cash corn, No. 2 yellow shelled, 60¢c; No. 2 white shelled, 68c; No. 2 white white oats, 27¢.

WINNIPEG [PEG WHEAT High Close

.73%a .73% ol, unseen J4%a 74% aAsked.

FOREIGN EXCHANGE

YORK, July 24 (U. P.).—Following

- -200 Ibs. $6.35; 160i od) ®S WB 3s 50-260 lbs. $6.15; 280- 260| 8 : 300-325 lbs.

12%s 1960-55 RI 2%s 1965-60

Seven

§ Sw Sitzerlaind

a abl Hy es Net Na Foun ) (dollar) —.00% ira) sees (markka) (france). .. rona)

England 8 d

1.3%

CERES

plant. Purpose of the conference will be |to consider current bank accounting problems and facilitate the exchange of ideas between bank officials who are responsible for the efficient operation of accounting and record keeping systems.

: COMMITTEE TO STUDY

CHICAGO EXCHANGE

CHICAGO, July 24 (U. P).—Officials of the Chicago Stock Ex-

.|change today announced appoint-

ment of a special five-man commit-

» tee to study factors affecting the ‘|growth of the exchange and pos-

sibly to recommend ‘departures

from firmly entrenched customs and inflexible practices.” Members of the special committee were Thaddeus R. Benson, president the exchange from 1936 to 1838; John J. Bryant Jr. president 1925-1927; Michael J. O'Brien, president 1933-1936; R. Arthur Wood, president, 1927-1931, and Paul B.

_|Skinner, ch-irman of the finance]

committee. “The special committee will give prompt consideration to the stimu-

‘(lation of new listing applications, ed, [trading hours, commission rates and {membership eligibility,”

Arthur M. Oetts, chairman of the Board of Governors, said. “Aid is urgently needed to restore the normal, useful functioning of exchange markets, especially for the stocks of smaller companies not sufficiently well known to commanc spontaneous and continuous public interest.”

U. S. TO BUY 75,000 TONS OF BRITAIN TIN

LONDON, July 23 (U. P.).—World tin producers will .operate at capacity for the next 12 months and market their entire output at the highest average price they have received since 1927, a United Press survey indicated today. Production for the year ended July 1, 1941, will total 232,000 tons, but will fail to supply minimum demands for 245,000 tons, the survey showed. The United States, under its defense program, plans to buy 75.00 tons of tin in world markets, nore than offsetting the loss of tha continental European market for 30,000 tons annually, shut off from pacific producers by the war.

ON THE AIR

* TONIGHT * “MEET MR.

MEEK

THE IDOL OF MILLIONS

GUMDROPS!

7:30 on WFBM

BROADCAST BY

LIFEBUOY

FS RL La LT TNA Re {TL

re ———a———————————————————

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span (yen) csaisesetean

(peso) WANN ANAS - 0010

LOANS ==

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146 EAST WASHINGTON STREET

on Everythir~’ Diamonds, Watches, Autos, Cameras,

JEWELRY CO. INC.