Indianapolis Times, Indianapolis, Marion County, 24 July 1940 — Page 14
WEDNESDAY, JULY 24, 1940 Faring, the Pet Sow, Has Protege .
ONES 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
Adminis- |
trator, will ask Congress next week |
to approve a bill the terms of which | he agrees are “extremely elastic.”
i 1
“Extremely elastic” means, in this
instance, wide as a bam door.
Through that door, it the bill is]
passed, will go American countries of $500,000,000 |
loans to South |
«
THE INDIANAPOLIS TIMES
PAGE 13
Carry 4-H Club Hopes
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, NBC-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. s # o
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
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 Musical Knowledge, NBC-WIRE. n # s A musical highlight tonight will be the broadcast of an all-Russian program at 7:30, CBS-WBBM, by the New York Philharmonic-Syms= phony Society orchestra. The concert 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 Nashville, Tenn., but there are toc many others in line at the factory. . . He now is making tentative plans to go to Nashcille today and fly back to the coast via Indian apolis. #
» =
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. .
or more, as requested by the Presi- | SA NR _- Tr | YN GK : : fu 7:30, NBC-WIRE. It concerns a dent Monday. Loans for roads, for Aa } SRR MN : S : modern Fagan who taught youngwar materials, for commodities such | sters to steal. “Lady in Disas coffee and beef, for almost every-! tress” will be the Dr. Christian story
thing 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 countries 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 Hemi- |
ex.
This sow, Farina, won't go to market . . . but Twins George and Monroe Skinner have
four of her offspring.
FINAL NEW YORK STOCKS
ideas about
High Low —
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'DOW-JONES STOCK AVERAGES 30 INDUSTRIALS
Yesterday +017
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Net Low Close chege 17%
at 9:30, CBS-WFBM.
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, = 2 os
aouncement caused bv station changes a
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. =
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THIS EVENING
(The Indianapolis Times is not Jespunpitie for jnaseuracies in program ane time.
ter press
sphere, if they want help” The loan program is to synchronize with whatever agreements Secretary of State Hull makes at Havana. It may seem odd that the Administration should be asking half a 3)! billion for lending purposes when: no loans have yet been requested. But this Government has never had great difficulty in lending money— to railroads, to nce companies, to cotton, and wheat farmers. If an agreement is reached at Havana, Mr. Jones said, “we want to do our part.”
U. S. Still Holds Cotton
Our part might involve, for ex- 3 ample, a loan to Brazil, with coffee | 31 as collateral: or a loan to Argen- am tina, with beef as security. Then, if lendars didn’t pay off, the Government—through the | Export-Import Bank
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152.80; low, 111.84. 155.92; ¥ow, 121.44. 20 RAILROADS
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Times Photos. These little pigs may go to market . .. but Kenneth Hoffman hopes they win he ie H Club Ton Litter contest Hest,
26.44 26.35 25.19 COCEITOTIRRORE $2.67; low, 22.14. 85.90; low, 24.14. 15 UTILITIES
Yesterday Week Ago Month Ago Year Ago .. High, 1940, High, 1939,
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“ Weakling Misses 4-H Club Contest, Will Learn Tricks
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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Farina, the Skinner twins’ : sow, has a protege because her off- . | SPTing was too healthy to be both- better than its mother. : ered by the weather but too weak| go this little pig will stay at| 0 to enter the 4-H Club Ton Litter home unless the boys bring it to jo:3 | contest. town in harness just to show it can | 10:45 | So George and Monroe Skinner, pull them through the streets. That [11:4 C. Henderson 1113-year-olds who live on a farm at is one of Farinas tricks. Farina in 3 i Ben Davis, are teaching Farina's will also play follow the leader with | 11:45 ol tricks to one pig in the litter that the twins and moons around when 's/won’t go to market. they 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. 2 good one for baby pigs. The weak- | s for the rest of the family, the " ; (er pigs in the litter died but five boys may send them to the market. Li HU "| survived. It takes only four pigs But if they win a prize, the boys 5 for the Ton Litter contest and the probably will sell only the two bar‘s, | Skinner boys picked out the four rows and keep the two gilts for | s healthiest pigs to show in the brood sires. That depends on how "1, | county contest Aug. 9. the contest comes out Aug. 9, when x The fifth pig was still something
the pigs will come to the Fair 3 of a of a weakling. So the twins made | Grounds. is p—————————————————————
"HOGS DECLINE 10 GENTS MORE
A Weights te Share in Dip; Top Price Slides to $6.50; Vealers Strong.
Following yesterday's sharp 25- | cent break, all weights of hogs to|day declined another 10 cents at |the Union Stockyards, according to | s | the Agricultural Marketing Service. | The decline brought the top | price, quoted on 220 to pei al ers, down to $5.50. The local vealers market si steady with a top quotation ol | el $9.50.
July 18 19 20 Barrow
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SPECULATIVE TRADE LIFTS WHEAT PRICES
| CHICAGO, July 2¢ (U. P).— g Top ES Speculative interest, whetted by 7808 continued hot weather in the spring 4614 wheat belt, carried wheat prices to 9S 5 5p higher ground on the Chicago Board .30- 5.45 of Trade today. Rye reflected the 525 5.10 and corn was
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A of Washing- An ton, the agency become the proprietor |;y., of | ay m i Commodity Credit Corp. lent money Anaconda Armour Ill which it is still in the process of As Drv Gds pf tention of giving money away, or of an Refining that many have talked about. The “It's noney i oney 1s ; is a lot of money. This money 1 {Bon 18 Loon pt serve all purposes for six or eight fund. amount, removing the present limit made, and it would not require that Nort
which would be 3} given this $500.0006,000 under the: bill—might large quantities otf coffee or beef. | Such a thing happened when the jy T 1 & to farmers on cotton. It became the Aree: Bock a 10}: owner of a vast amount of cotton, Armstrong Ck . 5 > Artloom pf liquidating Reiter 3 Mr. Jones said there was no in-|37¢ Line buving South American sudpluses. | Atos This, he said, is not the cartel plan x inference was that this was in lieu of that plan. “I don’t know about the cartel oo plan,” he said. “But half a billion Boraix Avn Ben Ind Loan all that can be properly used be-| etween now d next spring. It will 2 months.” He explained that the $500.000.000 would be a revolving 5 : Be The bill would permit t he ExportImport bank to make loans in any of $20,000,000 It would broaden the purposes for which loans can be all money borrowed be spent in this g country.
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STOCK SALES DIP TO NEW 22-YEAR LOW
NEW YORK, July 2¢ (U. P).— Speculative interast in the stock 3 poater Bu market dropped to a new 22-year Sar: er low today while prices edged ir- in 1 regularly lower. Less than 200,000 shares were utnrde over for the five hours, the smallest total since Sept. 19, 1918, when 165091 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 SPL PQ of gains staged an encouraging per- ch formance Chr LF Bonds worked irregularly lower Fy I& F pt Stock market traders irgnoredf lark Log tI favorable business news. Major at-|Qimax Mow Go. 21 tention was centered on the foreign |Cluett Peadb ~ Colgate P-P situation and on the excess profits col a ai tax—both itangible at this stage. Col & So 1 pf. It was evident that the market |S Broadcast A is not expected to break out of its Solum Gas month-long rut until something gol Sas Pf ot definite is know regarding Britain's Col Cerbon . ability to withstand the threatened |Gom Shedit. BR nazi invasion or until some details | C Inv Tr cv pt 102 ° of the excess profits tax bill are Cn Solvents
ith & So Hh disclosed. :
{Com’h & So pf 58% | Comwlth Edison ik 2 SO DAILY PRICE INDEX gor: NEW YORK, July 2¢ (U. P).— SRE Dun & Bradstreet's daily weighted Cons price index of 30 basic commodities, | <3 Eons 1 32 aundries compiled for the United Press (1330- Sons: im Pw pf 10) 32 average equals 100): | Sommine Yesterday 113.58 | Ent Ins Week ago ..
Mc 114.56 | | Cont of Del Month ago Year ago
11591 | Cont Steel es 102.34! £3 Re 1940 High (Jan. 2) 1940 Low (July 23)
weld 9 orn Ex nk 12 3.34|Q Bd: 113.58 EA Co Cr Crown LOCAL PRODUCE [Gow Zee 12c: bareback hens, |Cub-Am Sue bareback Leghorn | 1Qurt Pu ub, pi “ee hite Rock spring- |Qurtissother colored |Curtiss-Wr £ bs. and over. { Cut tler-Ham ibs. and over. | old roosters,
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The following quotations by the Indian- * | apoie Bond & Share Corp. do not represent actual price offerings. but merely in-| dicate the approximate market level based | on buving and selling quotations of recent transactions. Stocks Ask
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| No Pacific 6 6 uke Bonds y CHICAGO LIVESTOCK!
| American Loan 5s 51 Ohic Oil . 6's American Loan 5s Hogs—Receipts, 10.000; slow and uneven; Oliver Farm Eq 1910 Citizens Ind Tel alas G1... . opened steady to 10c lower; later trade Omnibus pf 100% | Crabbs-Reynolds-Taylor 5s 4 mostly 10@15¢ off; top. $6.55 sparingly: Otis Elev 234 Home Ft Wayne 5%2s .. bulk good and choice 200-240 lbs. $6.25@ Otis Stl ev 1 pt 223, Home T&T Ft Wayne 6s 43.... 6.50; 240-270 lbs. largely $6@ 6.40; most | Outboard Mar . 21 nd Assoc Tel Co 315s 270-300 Ibs. [email protected] some 300-330-1b. ndpls P&L 31as 70 . butchers. [email protected]; most packing Sows, naps Railway Inc 5s 57 . 330 Ibs. down, [email protected]; few $5.50; Bo ndpls Water Co 4 S 66.. 500-1b. kinds generally $4.50@5. nterstate T&T 5'2 Cattle — Receipts, 10,000; calves, “T000: Kokomo Water Works 5s 58.. steer trade very slow; opening 15@25¢c Ruhner Packing Co 4's 49 lower on strictly good and choice grades: Morris 5&10 Stores 55 50 generally bidding 25¢ or more lower on all|l Muncie Water Works > 6s. grades; mostly steer run with good and 0c ' Nats SE Hosiery Ss 42 ........ choice grades predominating: choice to|293sc: No. 1 mixed, heavy. 29 2@31%¢. PS, 3%s 8 rime Nebraskas, $11.85;; other early Sales| Rye—No sales. Sovbeans—No. 2 yellow, N Ind To 41bs rgely slo. [email protected]; heifers, slow: around |79@79%c: No. 3 yellow J723@78%c. Bare a | Pub Serv Co of Ind 4s 69 .... E15 “lower. best early, $10.50: choice |ley—Feed. 35@45c, nominal: malting, 48@ 1, |Pub Tel Co 4s 55 Eoin held higher; cows, slow, steady; |54c, nominal. Cash Provisions—Lard, $5.62, bulls weak at mostly $7.70 down; vealers |nominal; loose, $4.75, bid; leaf, $5.12, nomi-
Richmond Water Wks 5s 57.. Trac Term Soro 5s 57 25¢ lower: 5 Practical top. $10.50; few |nal; bellies, $6.50, nominal.
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CASH
Wheat—No. 1 hard, 75¢; No. 3 hard, ak © No. 1 and2 red, 77¢; No. 2 : No. 1 mixed, 5c; No. 2 2 . 3 mixed. 73% @T74c. 1 mixed, mostly white, , 6512, @8714c. No. eli. nominal; No. 3 yellow, 65@
. 76¢. No mixed, 29';@30c; No. 3 . 281, @28'p¢c; sample mixed, 27'z¢; . 1 white, right. 81¢; No. 2 white, 29'2 TE No. ite, 29'2@30¢; No. 1 red,
Heavy breed hens Leghorn hens. 9¢ Barred and W Ibs. and over, heavy breed springers . Leghorn spribgers, : bareback Sspringers,
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Ls¢ for each full | Diam M bof case under i Ibs will ade. {Diam T Mot Butter—N 25a 0c; No. 2 271, G | Dist . 25¢:
Seag c c. Butter fat—No No. 2. 24c. { Dochler D Cast us (Prices quoted by ed by Wadl ev » Co )
GUMDROPS!
Pac Am Fish .. | Pac Finance ... iPac G & EI ... | Pacific Ltg . {Pac T & T pt | Pac Tin Cons . | Pac West Oil .. | Packard Pan Am Airwys 13% Panhandle Paraffine Co Paramt Pite .. Para Pict 2 pf .
strictly 512 3c: each full gross; a net deduction of
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7:30 on WFBM
BROADCAST BY
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MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM., 850. NBC-BLUE—WIJZ, 760; WOWO, 1160; WLS-WENR, 870; KWK. 1350. CBS—WABC. 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. 4.95- 5.30 | independently strong. 4.60- 5.0 Wheat closed 1% to 1% cents NEW YORK, July 24 (U. P.).— ss. 5 1 DIShEr, September, International Business Machines| ypONDON, July 23 (U. P.).—World 429-515 was up 1% to 2% cents, September, tin producers will operate at ca[Mediu 40s S oe —~ 3 0 fifty bank accounting officials and ket. their entire. output at the = _|er, September, 29a, and rye up 12 | iv marke i < | Slaughter Cattle & Vealers (Receipts, 2287) | (015. cents, September, 45a. Soy- executives from all parts ot the highest average price they have re= ho | 730- 600 3 00 Good ct 6.00- 6.75 | tober, T5¢. week conference at the schoolhouse survey indicated today. 1093-11 3 Nedmum 5.50- 6.00| Minneapolis wheat displayed lead- of the company’s Endicott, N. Y,, Production for the year ended common . * 3. a 9 Be Vealers | Kansas City followed with Chicago.| Purpose of the conference will be | but will fail to supply minimum deR 8 oon & .00- 9.50 Winnipeg prices remainasd at pegged to consider current bank account- mands for 245,000 tons, the survey ommon an 6.00- 7.50 terest appeared quiet. change of ideas between bank of-| The United States, under its deeedor, Stocke With the weak July delivery out|ficials who are responsible for the |fense program, plans to buy 75.000 Heifers (Receipts, 551) ; | tl fisetti the 1 f the - St and record keeping systems. Aan oliseLling the /osS oO: tn: con 9.85-10.60 Choice : 9.00-10.00 i ping oY tinental European market for 30,Sen Prev. acific producers by the war Bn wis %: COMMITTEE TO STUDY ‘mummers 9.85-10.60 800. 1050. 8.00- 9.00 opt. t% 18 47% 9.00-10.€0 0 1000 7.25- 8.25 May . A ve men 7.2 Calves (steers) y To * TON IGHT bo ef 00.7 7s Good and choice— CHICAGO I , July 24 (U. P.).—Of- : 8.25- 7.23 Medium— | Oats=— 0- 6.25 500 down 8.00- 9.50 | i fals in : 66 X eh Sept 38% ficials of the Chicago Stock Ex MEET MR. 00 500 down 8.15-10.25 May - . /ment of a special five-man commitSHEEP AND LAMBS (Receipts, 1287) 43 | tee to study factors affecting the Lambs (spring) oui Medium and good : sibly to recommend “departures ) Common .... from firmly entrenched customs and THE IDOL OF MILLIONS Members of the special committee were Thaddeus R. Benson, presi1838; John J. Bryant Jr. president 1925-1927; Michael J. O’Brien, pres|president, 1927-1931, and Paul B. .|Skinner, ch-irman of the finance “The special committee will give prompt consideration to the stimutrading hours, commission rates and membership eligibility,” Arthur M. Governors, said. “Aid is urgently needed to restore the normal, use-
NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. Bot ro von. say 2, TONS OF BRITAIN TIN 4.50- 4.65 |. 743% @T74%o0. Corn 20. 350 1 Corp. announced today that some | Medium— 62@621%¢c. Oats, 3% to 7% cent high- pacity for the next 12 months and Cc (Yearlings excluded) |beans were 3% to 1 cent higher, Oc- United States will convene at a one | ceived since 1927, a United Press 10.25-11.2 : ine 5.00- 5.50 ing strength in. early dealings while | plant. July 1, 1941, will total 232,000 tons, y %'Good and 7 50- 9.00 1€Vels in a dead market. Foreign in- ing problems and facilitate the ex- showed. of the way there was little resist- efficient operation of accounting |lons of tin in world markets, nore s 9.00- 9.85 dood 000 tons annually, shut off trom 8.00- 9 $.73%% mn ON THE AIR Tr ono TR so. vay Con « CHICAGO EXCHANGE 56% | down 9.50-11.00 | May .. Prey Calves (heifers) | De C. .|change today announced appointMedium— 500 down %7.50- 8.25 Rye— ’” * ‘growth of the exchange and posGood and choice inflexible practices.” dent of the exchange from 1936 to alident 1933-1936; R. Arthur Wood, committee. lation of new listing applications, QOetts, chairman of the Board of ful functioning of exchange mar-
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118 1 1
Dow Che D> ernment expenses and receipts “for the divide
Dresser Mig Duplan »f . current fiscal vear through July 22, pared with a Jear ago:
{ Dome Mines | Qouclas Aire U. S. ST ATEMENT WASHINGTON. July 24 (U. P.).—Gov | Dugues: L of: ea La Expenses $ 628. 792 439 86 $ 629, $80 Receip $65 271.10
coms |
28% 119 30
| East Air Lines 28!4 East Kodak 11934 Eaton Mfe ... 30 Eitingon Sch
rove
Parke Davis .. {Park Utah .... Parmelee “aun {Pathe Film . | Patino Mines
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-
*Ex-
FOOD PRICES
late Tuesday
choice, $10. Sheep eel pls. 2000; lambs ek to 25¢ lower; bulk patives. [email protected]; throwouts, $7 four doubles handyweight rangers
sprin; sorte down; sorted 25
WAGON
at, 68c;
WHEAT
Jndiznapels grain elevators are paying or No. whe subject to
kets, especially for the stocks of smaller companies not sufficiently well known to command spontan-
LIFEBUOY
HEALTH SOAP AND
arket change; dines Jraaes on their ‘merits§Cash corn, No. 2 yellow shelled, 60c: No. 2 white shelled, 68¢; No. 2 white oats, 27¢.
WINNIPEG WHEAT High Low Close
nd ~~
CHICAGO, July 24 (U. P.).—Celery— Michigan crates, 35@50c. Oe as lugs, 75¢ Spinach—Illinois bu., @so Caunlifiower — Washington craces, $1. 306 | § 1.35. Carrots—California crates, [email protected]. Lettuce—Californta crates, [email protected]. Onion market (50-1b. Sagks)- Michigan yellows, $1.10; Illinois yellows, 90c@$1
i i | Penney 1s | Penn RR es +3 | Peoples Gas ... Ya | Pfeitfer Brew
Tr cent, $8.75; feeders averaging 74 Ibs, & So today's trade all classes around on: most small lots native Pont Rag: light to moderately sorted, {as throwouts, $6@7; one double handrweis t estan springers with 40 others with heavier sorts Same Pi 'tew handy dryfed shorn year$7.65: odd Dead light native ewes, o 5° bulk $3.50 d
OTHER LIVESTOCK
FT. WAYNE, Ind, July 2¢ (U. P).— Close | Hogs—10 cents lower; 220-240 lbs. $6.45; 113.221200-220 1b: 180-200 1bs., $6.35; 160 111.04 180 Ibs, . $6.15: 260-280 2310s. $6.2 0; 300 s 32
eous and continuous public interest. »
Gross Def TNR 1.0
Def
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| E) PwaL $6 pf | El PEE1s od a | Eng Pub S Eureka Vac Ex-cell-o
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b. Debt. 43 Bola Res 20,3 Customs
on Everythir~’
Diamonds, Watches, Autos, Cameras, Clothing, Shotguns, Ete.
LOANS ==
sae The CHICAGOG. five
Brokers in the 146 EAST WASHINGTON STREET
8 - { Phillips Jns .. 14%, { Phillips Pet ... — 136 :| Pillsbury “he — Pitts Sc & B .. Plymouth Oil .. Press Stl Car er G
BS, .exssunse Ji4%a aAsked.
FOREIGN EXCHANGE
NEW YORK, July 24 (U. P.).—Following are goon cable rates on major currencies: Cable Rates Net A England . 3. 3
Canada 8% ~.00% 080 10205 2274 .2390 2346 +2040
air Morse .... 37 For Su R iin & 5. Fed Mogul {Fed Dep St . Ferro Enamel..
GETS WESTINGHOUSE POST Re heh
PITTSBURGH, July 24 (U. P).— n,, Westinghouse Electric & Manufac- | Fire: | N Strs . turing Co. today announced the ap-| Food Mach =a 32 pointment of James H. Jewell of Freent- Sulphur 28% Pittsburgh as manager of 2EENY| gabe A
sales. Gair Robt
INDIANAPOLIS CLEARING HOUSE | Cleanings cena “ennui 3. 131.000 Debits . .000
Government Bonds
I++
(pound) (dollar)
arkka) .... Tiranc). -: Ba) +. PESO) aan veer
1294
22 28'%2 abok State, 0001
' oh ae Tim 5.40; » Lg o 4. { { - bs, $4.40. Roughs, $4.50; ‘Japan ( en) a i: 43 au lambs, $9, : Mexico g
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