Indianapolis Times, Indianapolis, Marion County, 1 August 1940 — Page 25

THURSDAY, A

MARK TIME iN CAUTIOUS TRADE

Operators Wait Evaluation Of U. S. and Foreign Developments.

NEW YORK, Aug 1 (U.P) .—Increasing caution marked dealings on the Stock Exchange today, traders ithholding commitments pending further evaluation of the latest domestic and foreign developments. The stock list opened mixed in quiet trading, worked irregularly higher during the forenoon and then marked time to the close. Norwegian bonds firmed as much as points on news that the Government would meet its dollar interest, while Japanese issues weakened Bethlehem held a small part an early gain of a point, but U Steel slipped about a point from its high to a minor net loss. Chrysler also backed down almost a point to a slight decline, but General Motors met support just above its previous close United Aircraft gave up almost all of an early rise of more than a point. Douglas was down almost a point and most others in the airplane group were

steady. The International alin were active feal common almost a heay turnover and then about half gain, while {erred held almost 2 forenoon 2°: advance, Du Pont and Eastman Kodak were up a point and more in a well supported chemical group. International Harvester 80ld off more than a point

WHEAT AT CHICAGO IS STEADY TO FIR

CHICAGO, Aug (U ). Wheat futures were in to firm in a dull session on the Chicago Board of Trade today. Other grams were narrowly irregular. Wheat closed unchanged to off ' cent, September 76-757, Corn was unchanged to down cent, September 61':-%, Oats % to % cent lower, September 30A, and rye ofl 5: cent, September 43':B. Soybeans were unchanged to up 's cent. Private crop estimates released ewlv in the session had little apparent reaction marketwise. Spring wheat prospects again underwent a sharp downward revision, primarily on the basis of heat and drought damage during July The average estimate of six experts was 1£3,000,000 bushels as compared with 222 - 000,000 bushels anticipated by the same six on July 1 Elevator interests were credited with some wheat support late operations

issues The In up

Paper ag ures point gave the prepoints of a

rose

its

in RANGE Pre: Wheat lose Close 8en T2%8 76 76 De Rie TH 76 JiR! Ma . wfi'Q 11} T's ah Corn Sen Deg Ma: Oat ger Dec Ma Rve Kent Dec Ma Savheans Act De Lard

No.

gb al

V3 No hard, 78¢c vellow, 66 I 2

\ No

heavy,

1 rod heavy Jl ke No 2

No sales malting Lard leaf

Bar 48a $5.47 4.75

Sovbeans 35@45¢ nominal; 1al. Cash Provisions loose, $4 62 asked; belli $6.25 D nominal,

nomina nominal

WAGON WHEAT

elevators are subject to market Ss on their merits. Cash No. 2 white

paving

LOCAL ISSUES

the Tndiannot repre-

The following quotations bv anolis Bond & Share Corp. do gent actual price offerings, but merely indicate (he ay pproximat e marker level hased on bu vin and selling quotations of recent

Bid Ask nce Corp com... 'a 9

& Stk Yds com 52 56 Stk_Yds pf 53

on S

Stocks

8 Hook N 3s 1 Home T¢ t Wig (& Lif 5 Ind Asso Tel Co $8 B 107 Ind & 7 Ind Gen Hyd!

2! 51 a

l Cat Camp

Inion Van Van

Indpls PAL Indpls Railway 1 Indpls Water Cc 2 tate. T&T 5's mo Water Works 5s 58 .. Packing Co 4';s 49.. 5&10 Stores 5s 50 Water Works | Hosiery 5s 4.

Incorporations

R. Noblesville, 5510 Washington . 1000 shares without par “ta manufacture and process com | fertilizer and other products used riculture, eic Douglas H, White, D. Coleman. Frances K. Shideler. zman Color Corp. 1221 N. PennsylSt., Indianapolis; Noble | same address; f 1 par value: to develop color nhotographt and printing processes: Noble Bretzman, Patricia Bretzman, Robert Borkenstein Centra! Grevhound Lines, Ine, of Ind ana 520 Tllinois Blda Tndiananolis ehange of agent to William Guenther, same addres Moorfi eld Studins.

Corp... R Lb Schell,

Kr 18C0

Inc., change of agent to John D. Kinn ev, 2263 N. Meridian 8t Indiananol 1d change of street address of pri heinal off ce to 2261 N. Meridian St ndianas Sfate 8S) ‘mp N ciety, Ine Indianapolis amendment ticles of In corporation

ot ar

GASOLINE STOCK REDUCED NEW YORK, Aug. 1 (U, P.). Torrid weather throughout the

country last week was accompanied

by a sharp increase in automobile travel that reduced refiners’ gasoline reserves hy more than 1,500,000 ; barrels, according to the weekly statistical report issued by the Ameri-| can Petroleum Institute today,

agent,

AUG. 1, 1940 =

STOCK DEALINGS Synthetic Rubber |

Firm Announced

Moni YORK, Aug. 1 (U. P.).~ng of the United States from nce upon foreign rubber supplies moved another step toward consummation today when the B. F. Goodrich Co. and the Phillips Petroleum Corp. announced joint for- » mation of a new company to speed the production of synthetic rubber in line with the national defense program. | The new organization will be (known as the Hydrocarbon Chemical Rubber Co., and was formed for the purpose of “immediately” strengthening the nation's defense position with respect

ber supplies, a joint statemrent by

to vital rub-|

THE INDIANAPOLIS TIMES ——

FINAL NEW YORK STOCKS

Goes to

Allis Chal .. Amal Leath Ch

Am AR Am Airlines . Am Bank Note Am Bk Note nf Am Am Am Am Am

| Am

David M. Goodrich and Frank Phil- A

lips, board chairman of the companies, said.

The principal offices of the com- A

pany will be located in Akron. [Waldo L. Semon, recognized as one of the nation's outstanding chem-

ists, will be director in charge of re- Am ¥

search.

HOGS, VEALERS | ADVANGE HERE

Porkers Above 160 Pounds Rise 10 Cents; Lighter Weights Steady.

the

Hoe Union Stockvards showed a strong tone in trading today, according to the Agricultural Marketing Service, 160 pounds rose the top price, to $6.50 held

prices at

above to boost 220-pounders offerings

Weights 10 cents, quoted on Lighter weight steady. The vealer market strong to 50 cents higher top price at $8.50.

also with the

was

duly Job Repte July L A 4189 30...

1200 31 S081 Aug. 1

aah Reh. 6196

f.30 R40 396% Repts.

Ton 6.50 5 139

Packing T0- 300 330 360

;. 5. 5 400 J 3 4 4 5

3 R558 39 6.10

Rarrows Sows 0

and Gilts 120 $

450 500 10 Medium 50 250- 500 ns

50 0 5 5 0 5

DIANA DEN prix

1 8 4 00

2 RAS Na &

Slaughter ar 5.00. 20 3.90-

Slaughter Cattle & Vealers (Receipts, 376) Choice (Yearlings excluded) 750- 900 $10 25 Good $ 6.00- 7.0 900-1100 25 Usage 1100-1300 29 Mediu m 1300-1500 1.25 Cutter and Good common 750- 900. 9.00-10.25 Vealers * 900-1100 § 25'Good and 1100-1300 ¢ a3 choice 8.50- 900 1300-1500 25 Common and Medium medium. 7.50- 8.50 6.00- 7.50 Stocker

750-1100 1100-1300 Calves 155)

£25 00

Feeder, Cattle, (Receinty, | Steers 6, Choice 500- 800 9.00-10.00 750 9.00- 9.85 | 800-1050 9.00- 9.75 Heifers | S500 BOD 65 800-1050 Medium. - 500-1000 - Common —- 00- 200 % 25. 8.75 500- 900 £.00- 7.25 Common «= | Calves (steers) 500- 200 5 25- 7.25 Good and choice. Cows | 500 down 930-11.00 £.00- 7.00 Medium— - 5.00. 800) 500 down 8.00- 3.50 | Calves (heifers) 4 00. 5.00 Good 2.00- 4.00 500 down R.50-10.25 500 down 7.50- 8.50 AND LAMBS (Receipts, 851) Lambs (spring)

choice good

Common = 750-1100 Nteers, Choice 500 Good 500 -

6.00- 7.2: Heifers | 750 985-10

8.008.00-

2.00 9.00

825

Choice750- 900 Gond—750- 900

Medium 5

9.85-10

B.75- 0.85

Good Medium Cutter and common canner Medium —

SHEEP

Good and Medium and Common Ewes (wooled)

Good and choice Common and medi um

CHICAGO LIV EST

Receipts, 8000; 1020 cents higher 25% cents up. top choice 190-20 Ihs largely $6.10 6.50 “6.20, 300-330-1b most packing sows

STOCK

active; generally packing sows 15@ $6.65: bulk good and $6.35 6.60; 240-270 lbs most 270-300 Ibs. $5.75 averages, [email protected]). 330 Ibs. down, $5.35 5.60: 360-500 Iybs. generally $4.40%@5.35 Cattle Receipts. 2500; calves, 800; Killing classes all fed cattle 15@25 cents higher; active at advance; clearance good on early rounds on steers and yearlings of value to sell $9.50 upward and heifers turning at $9 and better; choice to prime 1240Ib. steers topped at $11.85; next highest price $11.70; several loads $10.75 11.25; 965-1b, yearlings at outside price; trade | little better than steady, however, on grassy and shortfed steers: these selling unevenly from $6.50 up to $9; all fed steers 50 cents over week's low time: grassy kinds little changed; stockers dull; best fed heifers $10.70; weighty cutier cows to $5.15; heavy sausage bulls to $6.75; $10.00 paid rather freely for strictly good and choice vealers; these 25 cents higher Sheep Receipts, 1000; late Wednesday small lots best native spring lambs $8.2! bulk lightly sorted $7.85@8 10; small p: ages good shorn native vearlings 36.75; todav's trade spring lambs and yearlings 15@25 cents higher: most small lots natives lightly sorted $8.25; better Kinds held $8.35 and up: 1 double 84-1b. western springers $8.25; best handyweight dryfed yearlings $7.35; fat sheep scarce, around | steady.

Hogs

OTHER LIVESTOCK

1 WAYNE, Ind, Aug. 1 | Hogs- ~8teady (0 15¢ higher: $6.45; 200-220 hs. $6.35: 180-160-180 lbs., $6.15: 240-260 lbs {280 hs. $6; 280-300 lbs, $5.85; | $5.70; 325-350 lbs. $5.60 350-400 Ibs... 150-160 lbs. $5.10: 140-150 Ihs., $4.85; 140 Tos. 4.60 120-130 lbs, 4.35: lbs, 4.10 roughs, $4.50; stags, Calves, $9. Lambs, $8.

(11 { 200- 220 200 lbs, $6.15; 300-325 lbs $5.50; 130-

$3.25

CINCINNATI, Au 1 (4 Receipts. 2500; holdovers tive, . Top. $6.55; 275-300 lbs, $6.20: 140-160 lbs, sows, $44.50 Cattle—Salable, 250; total, 350. Calves, 200. Market about steady, Part load good steers and heifers fed grain on grass, $9.50 around 1000-1b. steers, $9: most grass fed steers and heifers. [email protected]; canners and cutter heifers, [email protected]; vealers steady. Good and choice jightweights, $8.50 9. Sheep--Salable, 1500 Active, 25 to 50 cents higher. Bulk sales good trucked in spring lambs, [email protected]: choice ewe and wether soringers, $8.75@ 9; good to choice country eraded pool lambs, $9.15, common and medium, $5@ 7.50

P.), Hogs Fairly Ibs., $6; 160-180 $4.90-5.15; most

Corn and Wheat Region Official Weather

~—Thursday, Aug. 1-— Precip!- State ot High Low tation Weather 8 60 .00 Clear Clear

Station | Notre Danie Angola Wheatfield { Rochester Marion Lafayette Cambridge Columbus Vincennes | Paoli Fi, Wayne | Indianapolis Terre Haute | Evansville Washington

| LOCAL PRODUCE |

Heavy hreed hens, I hareba ck hens, llc; Leghorn hens, 9c; reback Leghorn | hens, 8c, Barred and White Rock spring- | ers, l4c. other colored heavy breed springers. 13c: Leghorn springers, 12¢, bareback springers, 10c; old roosters, 6c. No. 1 strictly fresh country run ss IES 10'2¢: each full case must weigh gross: a net deduction of 15¢ for 4 full case under 55 Ibs. 29',@ 272 @

Butter No y 1 . a4, (Prices quoted 3 \Vadiey Co )

FOOD PRICES

CHICAGO, Aug. (U, P.).—Peaches feorgia, Afperias, «31. [email protected], C elery.

Clear

Michigan, | T5¢

nessee, lu | Baskets. {hin Carrots nia, STR $2. California, 7) (801 onc cryin. ph bE CNA

0 Byers

100-120 |

Dr. A

Rad & Ron on

hip "Buia Smelt Snuff pf . Stl Fdies

Anaconda Anac W&Cable Andes Cop . Armour Til Arm'r TH 4 Asso Drv As Dry Sas 2 pt Asso Inv pf | Atchison Atchison pf Atl Refining Atlas Corp Atlas Tock Austin Nich Aviation Corp ..

Bald Loco ct Balt & Ohio Balt & O pf Bangor & Ar Barnsdall Bavuk Cig Bendix Avn Beth Steel Reith Steel Biaw-Knox Bliss & Laugh . Blumenthal pf Boeing Air Bohn Al & Rr Bon Ami A |Bon Ami B | Borden BT A rewing m, Bdgept Brass

Bucyrus-Erie Bucvros.® Tol Budd Budd Mis nf Budd Wheel Bulova W

Butte Conk? Bvers A M .. pl

Cal Packing Callahan Zinc Calumet & H Campbell Wv Canada Dry Conada So Can Pacific Cannon Mills Capit Ad pf | Car C&O | Caterpillar T | Celanese | Celotex Cent Foundry Cent Il Lt pf Cent Viol Sug Cerro de Pasco Certain-teed Certain-td 6 pr Champ Paper Ches Corn Ches & Ohio Chic GtW Rv Chi Mail Order Chi Pneu T | Childs Chrysler City I&F | Clark Ea

80 7 pl.120'2 83

Can Cable Radia 2% Car & PFdy. 25

. 1%

301% 387s 1421, 24,

Rn 1612 65

8 8, Ta an

3 Climax _Molv Co 3

luett, Peah Colgate-P.P Col & Aik | Col Broadcast A Col Broadcast B Colum Gas Col Pictures Col Carbon Com Credit Com Cred cv Com Inv Tr Com Solvents Comwlith & So Comwith & S nf Comwlith Edison Conde Nast .... Cong -Nairn Cong Cigar cts Cons Aireraft Cons Cig nr of Cons Conpermns Cons ison Cons Cons Sonsumrs Container Cont Bak A Cont Bak B Cont Can Cont-Dia PF

| Conweld Steel. . Corn Ex Bnk . Corn Prod Corn Prod pf. Coty “a Coty Infer Crane Co Cream Wht Crown Cork rown Zeller Crown _ Zeller Crucible St Crucible pf . Cub-Am Sug Cub-Am Sug Curtis Pub Curt Pub nf Curtiss-Wr Curtiss-Wr A

Davega cu nf Dyvtn P&L, cupf Deere & Co . | Deisel W G {Del & Hud |D Lac & WwW

| Det Fdison Bev & R A

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Fast Alr Lines East Kodak Eaton Mite . Eitingon Sch Clee

&L $7 Bat

Fair Morse .... Fajardo Sgr, Ped Wat 8

n ‘ seer pf Flintkote Florence Stove Food Mach Foster Wheel Fost-Whi Freept- BE

Gannett of ar

en | Gen Gen Gen Gen | gen

Clear | Clear | Clear |

Clear | Clear |

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rand U wets .. rand U xcts . rant

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pf a¢

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105 334 wR. 5

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1% Week Ago ....... CRY

1-18 Year Ago

i 1, Yesterday

3, Month Age .

1 | | |

te Year

1 \

- 86,000 shares against 85,000 yester- |

“ 1h

Ry UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS S000 «02 Holiday

Yesterday 121.93

Year Age T1420 «p02

low, Low,

High 190, High 1939, S02: 20 RATLROADS 24.92 Bh} nn Holiday | PRL Bb

| Week Ago Month Age Age High 1940, High 1939,

20.64 32.8%: 70. 28.90; Low, 24.14, 15 UTILITIES

| Month Age | Year Ago

18.08, 0.51

High 1940, High 1939,

26.145; Low, 20.10; Low,

Stock sales approximated 330,000 ‘shares against 560,000 in the previous

‘session while Curb stock sales were

Va | ve

Ya !

, day.

Net High Low Close Change

I Central .... a Khe) l1Cent LL . 3 30% --1 Rand "n nN a3 1

914

14 . Pn

(Inland Stl . Inspiratn Cop. .

"14 | Interchem % [Interlake Ir

Va | Int

Int Harvester .

15 | Int 5

1 1

1 i

Int Int Int Int

1 Int

2 »

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Tea -M

Jewel

Johns pf

Kaufmann DS Kelsev-Hayes A | Kelsev-Hayes R | Kennecott

DALIT v is Ee ®

WES BIRD

Kroner G&B.

Lambert Lee Rub Leh leh

eR Tul Cup Kk Belt Lin Carh Lockheed Aire w's ' ine . Star Cem & Nash

Lone Lou

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| McLellan Mead Cor Melville Sh Menge! Menge! 1st Mesta Mach Mident Pet Midland Stl | Midl Stl pf Mission Corp Mo-K Tex pf Mohawk Cp .. Monsanto Monsanto pf A 1 Mont Ward Mor Motor | Motor . | Mullins Mix B.. | Mullins B . 1 C .e

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[Dectie United States

|son ended June 30.

Reyn Met Reyn Toh BR Richfield Oil

One Billion-Bushel Wheat Supply Is Indicated for U. S.

Times Special | WASHINGTON, Aug. 1.—A proswheat crop {very little larger than annual disappearance, the current movement lof a large part of this crop into | storage, and the announcement of | continuance of the export-aid pro|gram, have tended to keep domestic wheat prices well above world levels, the Bureau of Agricultural BEco-| nomics indicated today in its monthly analysis of the wheat situation. Although domestic wheat prices during the past month have con-| tinued to move downward toward a new crop basis, they are still above prices of a year ago. Prices in other surplus-producing countries are depressed by large world supplies and restricted world trade. | The domestic wheat supply for the | 1940-41 season still seems likely to | be about one billion bushels, about the same as for the marketing sea-| The condi-

|tion of the wheat crop on July 1)

indicates a probable production of | about 729 million bushels (about one million bushels more than indicated a month earlier), and avail- | able data as to the utilization and | supplies of old wheat indicate a

TH24 am 8

| Seab'd Air L

ua 8a G & | Std

Twin Coach

. Univ Piet

‘ended June 30 net profit $76,

* sidiaries

[ports bushels.

Net, Close Change

Low 5'

High 5,

...

Riter Dent

Safeway vo 44), Safeway 1057 Jos Lead 3%, t L-8 Fran pt Savage Arms 2 Schenley Dist Schenly Dist Seab'd Air L

44 108% 3

pt pt 1

sw 8S

Pet

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| Simmons

Sloss-8hef field Smith A O Snider xe Socony-Vacinum Sa Am Gold So Por R Sug So Cal Pd “ South Pae South Ry JFouth Ry nf Sparks With perry Corp picer Mig Spicer pf piegel Inc . D

FEY EE EE EE

x TA EIB = W—W-1D— BR SEIU ea BE RBI

- a

G. Cook Kimball , . . his move will aid defense,

CHICAGO, Aug. 1 (U. PD) B. FP. Fairless, president of United States Steel Corp, today announced that in the interest of national defense co-ordination, headquarters of Executive Vice President G. Cook F.imball will be moved temporarily from Chicago to Washington, D. C. The change, Mr. Fairless said, will be made to provide the fullest co-operation by United States Steel subsidiaries in serving the needs of the National Defense Program. It will become effective Aug. 15

KROGER TO OPEN . SUPER-MARKET

Wvington Store Will Be 11th Of Kind in City; 3d In 3 Weeks.

Grocery & Baking 1, CO. will open its 11th self-service "» Super-Market 1n the city 11, row at 5644 E. Washington St. Irvington shoppers. 4 According to Kroger Super-Market has heen

w B03 —

ted td Std

on nf Sunshine Min Superior Oil Suth Pap Swift & Co Swift $n Syming-Gld ww

Tenn Corn

Thompeon Tide W A i TW A Ofl of Timi D Ay I'imken R B Transamerica Tres & West I'rans & Wms Tri-Cont Traux Tra

1 1 1 1

AFB PWNS BDI NWI =

3 3 Oa " ish Union 2 Union Carb “3 In Oil Cal Un Pacific Un Premier Un Aireraft . Un Air Lines. . Nn Biscuit United Corp United Cp pf Un Dvewood nf if Un El Coal United TPFruit Un Gas Imp Un Gas Tmp nf 1 Un Mer. We Un Paperbd U 8S Gypsum U 8 Gvpsum pf 17

BRIO

ABBA an

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The Kroger

for

LIES BLD PADD

U 8S Rubber U & Rubber y rel 54 53 53 A on latest U 8 Toh ni : ! 43 + equipped with modern, self-service 1pt 8 ‘ . 4+ | equipment, with all shelving and , display racks marked for the convenience of customers, The store will remain open evenings, The new store is insulated against summer-time heat, and a large 1, paved parking 1ot is in the rear of the store with entrance to the park1.1s NB lot on N. Audubon Rd. The store also has a rear entrance and + checking counters for convenience 1, Of customers using the parking lot This will be the third new SuperMarket opened by Kroger in successive weeks, The 10th market was opened last Friday at ‘and College Ave

Furnas Ice Cream Co. . Purchases Increase

The Furnas

= »

officials, the

Vick Chem Va-Caro Ch ' Va-Caro 6 nf

1 1 1

Virgini an Ry

Wabash Walgreen

Ward Bak A Ward Bak pf Warner Bros Wavne PYmp ye Wes Oil & 8 1 \ West Pa El A WwW P

Won ine “mr Weston El In Westvaco Westvaco 5 pf & Lk

Ww FE nt Wheel Steel White 8S

Dent White Mot

Ice Cream Co,

DWI DEI

BDI DA DWBEA BRN NIB DIES ~T 5 tgs SDs =]

DAIL JIAN PRIN LS~N8D

— 3a »»

in the 1939 period, C. J. ager, reported, 1. per cent, he said v During the period, the company *» bought 11,306,128 pounds of milk as yi compared to 10277984 last, year. | "2 Cost was $176818 as compared |$144,220, Mr. Hill said. Purchases! were from farmers in Hancock, Marion, Rush and Shelby Counties

Wilking Music Co. Wins Ad Honors

The Wilking Music Co. received honorable mention in the piano advertisement division for cities over 100,000 population in the fourth annual newspaper advertising and window display contest held in cong nection with the Music Tndustries Convention now in session at Chiago, it was announced today.

Hill, man-

Willys y Willvs Ovrld nf Wilson & Cao Woodward Tron Woolworth Worthington Worthing nf B Wrigley .

FEN BCE yg REE aAS NG A

“IDI

Yale &. ,.. J 1812 j * Yellow Tr : LIN Yellow 1 Voung Young

Zenith Zonite

Bonds

July March

WH th ts Bt tt pt

BUSINESS AT A GLANCE American Gas & Electric Co. and ALUMINUM REDUCED

subsidiaries 12 months ended June T0 18 CENTS A POUND

30 net income $14997 944 equal to $2.91 a common share vs. $13,118, 632 or $2.45 previous 12 months, PITTSBURGH, Aug. 1 (U. P) Commonwealth Edison Co. and Aluminum, important to the nasubsidiaries six months ended June tional defense program, was reduced 30 net income $15,754,682 equal to $1.28 a share vs. $12,171,967 or $1.30 of 18 cents a pound, making the secVear ago. ond price reduction this year, Engineers Public Service Co. and Aluminum Co. of America subsidiaries 12 months ended June nounced today. 30 net income $5,654,366 equal to On March 25. the company lownz a common share vs. $4,705,566 ered its price for aluminum from © $1.30 previous 12 months, HN 19 cents a Pound, The Bo Felleral Light & Traction Co. ana 'eductions are possible, a statemen subsidiaries ph quarter net in- Sa'd. because of expansion programs come $308,600 equal to 48 cents a common share vs. $397,770 or 63 cents year ago. National Refining Co.

an-

ities and research activities, as well as by ‘constant improvement

technique.”

a DAILY PRICE INDEX (excluding English and NEW YORK, Aug. 1 (U. P). Canadian subsidiaries) year ended Dun & Bradstreet's daily weighted June 30 net profit $28,628,493 equal price index of 30 basic commodito $4.37 a common share vs, $24,111,- ties, compiled for United 306 or $3.67 previous year. (1930-32 average equals 100): Western Auto Supply Co. (Mis- Yesterday souri) June quarter net profit $791 - Week Ago .... 735 equal to $1.05 a common share Month Ago vs, $842 339 or $1.12 year ago. Year ABO .. ut 1940 High (Jan, 2) [1940 Low (July 29)

| U.S. STATEMENT

WASHINGTON, Aug. 1 (U P) ernment expenses and receipts current fiscal year through July pared with a year RY.

his Yen 811.9 0s s a0 24.993 82 ih om. 303 307.845. 307.93

six months 729 vs. net loss $320,426 year ago. Procter & Gamble Co. and sub-

123.34 113.11

Govthe com-

for 30,

280 Expenses Receipid ross Def

probable carrv-over of about million bushels. With domestic utilization of wheat Ne. Def in the new marketing season ex. Gh B pected to approximate 675 million pub bushels, and with three million S017 Res bushels required for possessions of — the United States, the supply avail- INDIANAPOLIS CLEARING able for export and carry-over prob- Clearings ably will be about 330 million Debits |'bushels, er about the same as a year ago, are very uncertain. totaled about

stoms 4,525 419. #8 25,527,681.88

HOUSE $3,761,000

In 1939-40 ex- | 46 million |, NEW

iing are | gEncies, ¥ Because of the indicated poor Gagland (pound wheat crop in Europe as a result of Italy (lira) the war, world trade in wheat probably would be well above that of any recent year.

YORK. Aux. 1. (0, Po Follow- | noon cable rafes on alor iy Ca RT Rn tos Ney Nd

Finland (markka . Switzerland (franc “i ow eden (krona) apan (ven, | (peso)

on on Length : Diamonds, Watches, Autos, Cameras, Clothing, Shotguns, Ete.

The CHICAGO:

» INC,

Oidest Loan Brokers {nh the Btate,

146 EAST WASHINGTON STREET | |

Capital |

tomor- |

54th St. |

dianapolis unit of the Borden Co. purchased 10 per cent more milk in the first six months of the year than

Payments rose 22.6

to]

1 cent a pound today to a new price |

the

NBC-BLUE—

Press eraging

9,372,000

Export prospects for 1940-41 FOREIGN EXCHANGE

"| Z_WATCH REPAVRING—

But out of season or not,

————

ON THE

TONIGHT | 6:00—Ask-Tt Basket, WFBM, 6:00—~Good News, WIRE, 6:30-Aldrich Family, WIRE, 7:00~Major Bowes, WFBM, 9:00-~Vox Top, WEFBM.

The five little girls whose every move has made world news will be back on the air at 5 NBC, on their first sponsored program. The firs time the Dionne Quintuplets were

brought to a microphone, one of

them honored the world with a “R00.” The next time, since they were a little older, one of the five sang a song. Now, at the ripe age of 6, the little Canadian misses are expected to he more voluble. Their guardian-physician, Dr. Alan Rov Dafoe, will be on hand to translate any remarks they make in french.

” » ” Pat O'Brien usually shows up at the Music Hall on St. Patrick's Dav. he'll be

Bing Crosby's guest at 7, NBC-

| WIRE. Others on the program will |be Lou Holtz, Muriel Angelus and the Kidoodlers, bazooka artist, [program Aug. 15 after

“Robin’ Burns, the! will be back on the A SiX weeks’ vacation, The following week he'll take over the M. C. spot to allow Bing a little relaxation,

u " ”

Fokelore will be the topic on AskTt Basket, 6, CBS-WFBM. The story of how the Cleveland Indians got their name will be on Inside of Sports, MBS, 5:45 The Vox Pop microphone will cover the Dead Wood, S. D. Wild West Show. 5 30, CBS-WFBM, The Big Top moves in on the Valee Hour at 7. NBC-WIRE. “P. T

Barnum” Valee vi introduce Jenny Lind (Helen Major Tom

ps y Thumb Joe oy and the Grand Egress (Slapsie Maxie Rosenbloom),

General Chan, otherwise known as Bert Hall, wha claims to be the first aviator te employ an airplane as an instrument of war—Turkish- | Bulgarian War, 1912-13--will tell about his soldier of fortune life on Strange As It Seems, 5:30. OBS. WFBM,

> Ww Ww Bustling with activity since 1,004] Boy Wendell Willkie made good ai the G. O, P. convention, Elwood,

Ind, will be the scene of the next n »

I'the

PACE 25

RADIO

hig political broadeast scheduled hy networks, On Saturday, Aug. 1, a battery of microphones will be vet up in Calloway Park in Elwood to carry the GG. OO. P. nominee's notification gpeech, All three networks will cover the evewmt. TInci= dentally, the GG, O, P, and Demo~ cratic convention coverages cost or logt more than $500.000 In come mercial fees for Columbia, Mutual and National, The Republican convention bill amounted to $365.000. The Chicago costs haven't been completely tabulated yet. But the networks expect to make up for the public service broadcasts by gelling time for political addresses between now and next November, ” ” ” All visitors have heen barred from the Hour of Charm rehearsals, Helps the musicians concentrate, says Maestro Phil Spitalny. . . Artie Shaw will conduct the National Symphony in Washington, Aug. 20 Bob Edge, OBS hunting and fishing expert, 18 becoming a “flying fisherman,” Hell complete 9000 miles of air travel the next two weeks in his search for gossip about the finny ones. The Moylan sisters, 5 and 8-year-old harmony team, head for Hollywood and their, first full-length picture in a couple of months “Spud” Murphy has been voted ‘Mr. Tin Pan Alley.” ® ® @ Edgar Bergen has established the Edgar Bergen Aviation Foundation to train advanced civilian pilots Six students are to be trained every six weeks at a cost of $300 each to Charlie McCarthy's boss. Require ments are a recommendation from a major airline that the pupil will have a job after completing the training ” nN ” Plan« are afoot to prove to the radio audience that Charlie Chaplin (the gny with $3,000,000 invested in an anti-dictator film) is an accomplished musician and composer ns well as a comedian. His “Preude” to “Production No. 6” will bs on the all-American symphony con= cert, Meredith Wilson will eonduet at the San Francisco Fair Aug. 27. The stage will wait for radio when Ezra Stone's Broadway play opens in the fall. Tt will start a half-hour late on Thursday nights because the voung star will he on the air in “The Aldrich Pamily”

until 9 p. m

THIS EVENING

(The Indinnapolix Times 1s not resp

onxihie for I(naccurneien Ih Program ARs

Rouncement exuved LA wn thon changes after nress time.)

INDI! NAPOLIS WEBM 1730 AE (CPS Net.) Melodie Strings Bob Edee

Joyce Jordan _ World Todny

"Golden Gate Freddie Miller Svicopntors News

INDIANAPOL. WIRE 1400 : (NBC-MRX) 01 -Tyms Girl

Home Edition George Nternevy

Dessa Byrd Cab Calloway Dick Reed Inxide Sports

- Ask Tt Bavket ty

Strange » ft Seems Aldpich Family Ma jor Bowes Musio Hall ”n ” ”" " "

: Rudy Valles

Torty Plus Club John Jeffry

Amos and Andy Pleasiire Time Lanny Rows Nick Reed Vox, Pon, Baseball NW EE ay Jack 1 " " Bavebal Waadlines Ray Rerheck Grit Williams Mugle

Nat Brandwvn an Sonn ’ Tames 3 us

AN Cienrge Sternev

10:00 15 130 AS nn 8

Musical Comedy " "

You Want 5

CINCINN AT) WLW 780 (NRC-MBRS) Cotton Queen

8 CHICAGO WILS-WENR x70 (NBO Net.)

Rocky Gordon Malealm Claire Ireene Wicker Bud Barton

Tom Davis Towell Thomas

Dine With James

Don Winnle "Vv Knltenborn

Gona News Aldrich Family

Aces Persons

Fasy

Homes on Land

Dionne Quints

Pot 0’ Gola

Mugle Wall

News iy i$ Ted Lewis 1» oy

Tr. R. Yharra Toronto Symphony

Bob Croshy Sep " "

Rudy Valles a

Singing & Swihging

[angus Time 1" Jones on Want Musie 1 of 3 Kind

Peter Grant w Hessler GarAncy Henediet Stuff Smith

10 o'Cloek Final 3

Ahe Lyman

Muzin Yu Want

ey, Pa i

J. Lunceford Mann River

FRIDAY PROGRAMS

INDIANAPOLIS WEB™ 1738 (CBS Net,) Early Birds

INDIANAPO). WIRE 11008

Dawn Patrol Market Reports

Dawn Patrol

a> i

abedadad

Basonology News

Mm Kitty Kelly 15 Myrt & Marge a0 Hilltop House A5 __ Stenpmot er y Short “Story bd Life Hagin 30 ‘Big 5 Tenny's Stores Kate | Smith Girl Marries Song » “5 Kitty eens

M0 Mey, Farrel Singin’ Sam 18 a Woman of Conr A Farm Cirele

Midstream Ellen Ravdolinh Kathleen

David Aarim Road of Life Against Storm Guiding Light

Linda's Love ‘ditor's Daueght omemnkers

wo 5 20

Farm our

Markets, Farm our Reporter Dick Reed

oclety Girl Mary Marlin instrelmen a Perkins News enter Youne Friends in Deed Vie & Sade

2.00 Exploring Space Backstage Wife 2:15 Jack Leonard Stella Dallas 0 Edith Hendrick Lorenzo Jones 2:45 Dancing Time Widder Brown

2. Kathleen Norris Gir 2:15 Beyond Valleys Benicar 3:3 Concert Or. Your Treat 4% NScattergood O'Neills

hn Wile, = Air Training Hit Baral e

onner pi " C¢ AKT Progra

Dr. Malone

i ! News etcher Wiley y Son & 1

ei m— DTT BOD S WRXX

Life

/altz = edda Jdnvee

Worl ta

Jordan

1 4:1] 4:1 Today

KEY NE WO, STATIONS

by the company in both plant facil- UBS—WABC, 860; WJR, 50; WHAS, 820; KMOX, 1690; WBBM, 770. WHKO, 640; CKLW, 1030: WSM, 850, in NBC-RED—WEAEF. 6680; WTAM, 1070; WWJ, 920; WMAQ, 670, WIZ, 760; WOWO, 1180; WLS- WENR, 870; KWK,

MUTUAL—=WOR, 710; WHK, 1390;

UV. 8. ON. OUTPUT UP TULSA, 'Okla., Aug. 1 (U, P). American oil production increased 111,522 barrels daily last week, av3.688.394 barrels, the Oil

and Gas Journal said today.

(NBC-MBR)

‘Man I Married

Norris

Hour Homes on Song Salute

Fonnkie Masters

weather

INDIANAPOLIS WIBC 1050

» CINCINNATY w 1m

(NBC-MBR)

Clem & Magpie Boone County

Time to Shins Michael Hinn Lotte Journev Portia Blake

Man 1 Married Midstream Fllen Randninh ___ Knthteen _Norefy

aN inda’s , Road nf Life Richard Liehert Against Ktorm Home Folks Guiding Light

- “ wi Friendly House ~ Woman Ih White or i » O'N ah Land Goldbe Edi itor “Damehrer

“Hanniness Julia Blake arm nur

j Nevotional > Symphony

TT Breakfast

" "

Jam

" " 4 News : Bright Snot Mav Rohson Devotional

Memory Lane Muxie Maric

as avtletime

Nonnfay Rhythms ace Bill Jones rails of Bands Bov Greets Girl

Ranch Hav

vovati Sunshine Melodies

Light of World mm’'s Daughter Vatimm Lady Betty Crocker

Musicale Mary Marlin Harlin Rrothery de Perking Capitol City enter Youne a > Vie & § Sunde

Brokstage Wife Stella Dallas ted Bren _ Kitty Keene

~ Honsebont Hannah Beautiful Life Miss ulin Elizabeth Bemin —————— ce —

Follies

Girl of the West _Inweli Thomas eel

Moods Lecion Hour

Piano Safety Concert

Canitol City Renttext Time Aronwnd Town So " "

" " "

(Subject to Change) :

1350.

We Will Buy CELTIC CTFS.

NEWTON TODD

Lemcke Bldg. 11-6222

415

FRACTURE BEDS Can Be Rented at the New

HAAG'S ALL-NIGHT

DRUG STORE 22nd and Meridian

OUTFITTERS TO MEN, WOMEN and CHILDREN

[ivingatons

THE MODERN CREDIT STORE

129 W. Wash, !naians heater

Men's

And

EPAIRE EFITTED | Women's

L E 0 TATLORING CO.

235 MASS, AVE.

x us bt po BUSINESS EDUCATION

Onposite Bitrong Accounting, Bookkeeping, Stenographie and Secretarial COUrses. Dav and evening sessions, Lincoln 8337, Fred Case, orincipal,

Central Business College

Architects and Builders Building. Pennsylvania & Vermont Sts. Ihdph,

——— Metween Minnis St. whe

Cirels

TRY A WANT AD IN THE TIMES,

THEY WILL BRING RESULTS

| “The Smartest Hats in Towne

Colonial Thrifty Savings AcC= colints are fTusured hy Gove ernment Agency up to $5,000. Coloni | Savings & Loan a Association Member Federn)

Savings & Lean fhsurance Corporation 2% South Tilinais St.

MILLINERY STORES