Indianapolis Times, Indianapolis, Marion County, 6 August 1940 — Page 11

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PAGE 11

THE INDIANAPOLIS TIMES

TUE SDAY, AUG. 6, 1940

ALL STREET

N. Y. STOCKS

"PINS HOPES ON MILD TAX BILL

Market Just Coasts Along, 3 As in 1918," Awaiting Outcome of War.

NEW YORK. Aur. 6 War developments dominate the markets. The situation is likened to the markets of vears ago when IS comparable. Then the was waiting for a German which would end the war 12 the uncertainties of reonstruction. Today it is waiting to see what a final test of British strength will bring. Meantime, business in country continues very rate. Steel operations made a this week closings of m sectidns a ticipated have been production seen. There are other factors Rer seen as significant marketwise, W. |Red Ind Loan R. White in the Bornblower & Bet h Steel » 2 1 t Weeks letter lists these as follows: Bion, & “1. Evidence of a shift in British military tactics from defensive to offensive maneuvers. “2. Progress toward clar excess profits panied by

Abbott Lab Acme Steel Adams-Mil Air Reduce | Ales h Corp | Alea Chem | Allied Stores Amerada Am Sens Note sch

m | Am Car & Fdy Am Car & x = Am Ghain oF [A & F 1A & P 9 |A & r P $2 Am Hide & Am Home Pr Am Ice pf Am Inter Am Loto pf . Am Mach & Fdy Am News .u Am Pwr & Lt... Am P&L 6 pf Am P&L 5 pf A Am Rad & 8S 8 Roll Mill Seating Ship Build. Smelt . Snuff Stove Co T

& of pf pi. (U. P).— f continue to

now

Am Am Am Am Am am Tobacco Am Type F Am Water W this | Anaconda .. high! Armor ir Il

Arm Ill pr small

at & p Asso Dry Gas although because of Ach ills for repairs in many Atl Refining redu m his an- | Atlas Taek ... CHC n ad been an Aviation Corp The low reported to touched in automobile pag Loco ot and an upturn is fore- Balt &

Beatrice Cr which are Bendix Avn

over R

ication of Pont Brass BY tax burdens, Bilynremoval of legisla uns barriers that have prevented award of large aircrafft contracts. 3. Enlargement of orders for steel products while production is being Birt maintained virtually at capacity. “4. Better than usual rise in retail Cal trade despite new defense taxes. "3. Prospect of political tendencies that would be interpreted favor- - ’

ably,

Packing Calumet & Campoel] Can

H Wy

Two Types Listed

Wall Street discussion has cenupon excess in the legislative lieved that a high o1 will break make

Recently there has

tered recently the

profits tax now It rate rket. A tendency on ment officials will raise

mill, is be Chic kasha Crilds Chrysler City 1 & Cit y IRF f leve Granh Climax Moly Colgate P-P Colum Gas Col Pictures pf. Com Credit Com Cred cv Com Inv Tr Com Solvents Comvwith & So Comwith & S pf | Comwith stock ex-'Cons Aircraft

low the been Gavern- « tax that

the part of to favor a revenues without eating up all profits. No one is playing the market on this belief, however #ince the tax bill may be drastically changed from the recommendations of Cabinet members Hirsch, Lilienthal & Co. change house, has just issued a ons Edison booklet entitled “Excess Profits Taxes It explains the type of tax in operation in the last war and present Canadian tax. There two types of excess profits taxes In either one some businesses be adversely affected and some 1 not hard hit type 1s based upon profits in of average earnings for a of years immediately preThe other is based on the earnings in excess of a percentage of invested cap- | Deere & Co | Deisel W Del & Hud .. D Lac & W Dev & R A Diam Match Diam T Doehler Douglas Dow Chem Dresser Mfg Du Pont

Cons Oil Cont Cont ( Cont Ins . Cont Mot Cont Oil Del Conweld Steel Copweld Sti Corn Prod Cranes Co Crown Zeller Crucible Sti Crucible pf

1s Pub c Sut

Cutl Sr A

Outlook Brighter

he author of the pamphlet up his conclusions as follows: opinion, excess profits may be as drastic as genbelieved. None of the probefore Congress have as yet definite form s tax may be based upon mings in excess of percentage of invested mayv be levied against over average earnings of some preceding years Again, an ess profits tax may be a combination the aforemenmed methods In all probability tax law he evenue sufficient am constr

ms In taxes erally posals taken a A profit the amount of ear

our

not

East Air Lin East Kodak Eaton Mfg ‘ i Sch... certain

al ital or

n mcare

cal

ase

eX( Evans Prod

of Ex-cell-o

‘airbanks of irestone T N. a Sulphur,

the contemplatdevised to vield aid our rearmin addition, uctive so as not to production War ma5 or curb oo. incentive for con- i inuing economic actitvify

LOCAL 1

Monday, Ang. 5

ne aunlatinanse bv

may to nraer progi

but

Glidden | Glidden

Gre | Gi Ask | Javes Mfg { Here Mot { Herc Pdr . Houd-Her B ‘2 Fouston Oil i & Man & Man

ms of recent

Bid

um Air E

i Intert

vpe

SI AAS dd dbl dW dd pf ef

Jarvis Co .. 2 | johns-Man J

{Kalas S & F Kelsev-Haves Kennecott l Kevstone Sti Kresge S S | Kroger G&B

h V Coal 51

6s 43. 0

is-Tavlor Wavne

Wayne

pt 1s

ddr

| Madison _Sa G | Manati Sug

oh ks Marshall

vy oe J

5s 57

YSZ

Masonite Corp Mathieson of McGraw El

IRON =

Dairy Distillers...

Nat Gypsum

n can & Rad 2's 3

3 8 + 13! «1623

To!

a NEPA NORD hn »

BD pt ps

79! 7 pf 119

“ am PBB NIG dn OH VAT I 0 i

—

pt 8233

ABS

Wes

or ODN JHBOC DD

Cd mt pt

pf §

Edison

Cons Edison ot 107s

Ott CICS EL

— "HO »

— — —

0S er IY

w eo =

DI 3 NBII DOI aD

By UNITED PRESS

IDOW-JONES STOCK AVERAGES

Last Change $0 INDUSTRIALS

| Yesterday

“ yMonth Age A | Year Ago vous High 1940, 152.80; Low, 111.84, High 1939, 155.92: Low, 121.44, 20 RAILROADS

Lie

. ! oa ‘ Kd Ses | Yesterday 27.09 4 Month Ago 26.10 Year Ago " cave Lin SG High 1940, 32. 1: Low, 22.14. High 1939, 35.90: Low, 24.14, 15 UTILITIES

Yesterday . | Week Ago Month Age | Year Ago ‘aun High 1910, 28. w. Righ 1939, 2

Low, 18.08, + Low, 20.71,

“

LI DUS 0D nD i dn a) -

+0.34

26.88 0.08 2.51 +013 -—0.014

THE FIRST HALF ROUNDUP

1940 compared with 1939

PRODUCTION PRICES

WHOLESALE PRICES .

; n : oa Farm ee | & rr

y 3 Nides ond lecther = Textiles | A Non Revdente! bk eke

3 Building materiols | and uhlihes

WER tos 1554 men gr TS RECTRIC POWER

High

EEL oN ZS S50 Ge ® as N

“ow - Yew

» Ft bk BG CYB pk oh pt $k

» » -~ aro

“ PD wt pn “nt Dl pst PPD DODD " od »

rr BB EEE

a >= w

— sa

aa rn

\ + [Pac Am sh. . 8 Pac G&EIl e's +++ |Pacific Ltg . sen . | Bac Tin Cons . {Pac West Oil... Packard : 1 * | Pan Am Airway 1s | Paramt Pict Parke Davis 3a =

BOP TS LO - CR

ro Pailin C0 rs DOIDEO DIL IL dn

new C0 et 13 pt - yo »n» 2 od

TDN,

Phila Read C I. Phillips Pet

rs 3

ww TION ILD I BIA “w DPBS

Bakara yo” ” BE ms an

FEE

PE “9 a - ban "awn

Radio ...... Ravonier . Reading ....... Rem Rand pf... Republic Stl Republic Stl pf. ¢ Repub Stl pf A Met .

Reyn “ Revn Tob B..

POD »

3 bt x XO mb Jf fk Sk Pt Dt ID 13 Py da FE TREE

- »

Safeway Safeway Savage . Sears Roebuck. . Servel Inc . Sharp & D pf . Skelly Oil Sovony Vacuum. So Por So Cal South

5 pt Arms

-3 5 NID 13685 3 ENA 3 - Nooo.

FEB a aka ut

“ah Bo

“12000 1-1

ASLO al Ne JROHD ly 1.5 60 Op vee <1

“aw asm

South Sperry Spicer

Rv of Corp Mfg

v LE — Vt ay em

w > irre

Woy 5 DDD BLOOD Nt J BHD

ow ano. - ® PD oaan

lh LEE

DL Vda ya

Ster! Prod a . | Stew-War 3 Stone & Web | Studebaker Sun Oil . Swift & Co Swift Intl

SE I

» a

Talcott J I'enn Corp Texas Corp .. Tex G Sul Thompson Pr Timk-D Ax Transamerica . Tr & West Air. Tri-Cont . 20th Cent-Fox

BIW 19s Ot = WI BID

Cyt ad fa TART ED II

B&P Carb Pacific Aircraft Un Air Lines United Corp United Co nf

Union

rr 300 3) ea a = aN -

DONWON pf WEN ea 0 2

NtIro a

BOD NGO < 3 prt

CITI IW DONO Trt Pye 3 D1D

- By “NID

NE a

Vanadium Victor Chem

Wabash pf A...

Warren Pa .. :

Wheel Steel White Mot Willvs Overland Wilive Overld nf | Wilson nf Woolvorth | Worthington

| ™ . S&W Ss

Yellow | Young | Young Sheet

tlz Zenith Rad 11 11 1a

| U. S. STATEMENT

WASHINGTON Aug 6 (U ernment and receipts for 1, [current fiscal year through Aug 3, 1, |Pared with a vear ago s This Year 3 1

“ry “wae —o ow

on DUIUILIDIBINT DID nD Fy Jt =

18 ® expenses

~ a

IALINI DIN AD

basa

st Ye 921 841,616.50 § ay 412.785.679 68 509.054,936 82 406.644 936 R2 508.092,161.22 1.867.191.2091 06 43,769,646 502.32 20,538,158,165.11 28 151, 318 42

INDIANAPOL \S © L E ARING Clearings Debits .

Nasa TT

388. 090.519,

“Work Bal.. {Pub Debt 'a|Gold Res. ‘2 | Customs 18

HOUS

| | By UNITED PRESS |

1, ended Aug. 3 crude oil output aver- | Nat Bellas H. (aged 3.494.217 bbls. daily, off 194.177! [Ret 3 Fuel

. from previous week.

| Celanese Corp. of America and

six | 8 i ended June 30 net profit |Pennroad

+ | wholly owned subsidiaries

. $4, 522,579, eual

| Market Street Raiiway Co.

, months ended June 30 net loss $233.- = Res Paper.

“1200 vs. $332,242 year ago.

+ Co. and subsidiaries

vs. $1.565,306 previous 12 months.

1 1 14 5 1 1

a4 ® 8 ‘

and subsidiaries June quarter

Cpt

2 ago.

putt BI 183 BER= ARBAB ABDI NI =D ve La BF

Bt 3

AUSTIN, Tex,

‘| proration

13 1 Ta i}

hearing of

1 FIRE — CASUALTY AUTOMOBILE INLAND MARINE INSURANCE at

substantial savings

RITE'S GUARANTEED

WATCH REPAIRING

DONE AT OUR USUAL

LOW PRICES

COMPARE and SAVE!

lis president, it recently made reductions.

the day of reduction.

and central Texas fields.

‘a barrel. | The

controversy over

“eee

Net Last Change

1%]

’

w“ »

= »

's | Am

P.) —Gov-| Colon Dev Ltd.. the Col com- | Con G

La $ 810 530.931 81! Diveo Tn

40,685.89. 486 12 16.255.909.586 73 28.481.102.13 |

Int Petrol on OT 000 L.145.000 | 1TVINg Air

Oil & Gas Journal estimates week | Molybdenum

to $2.86 a common Pioneer Gold ..

|share vs. $3,207,774 or $1.73 year ago. 12 Puget

| North American Light & Power S : 12 months £14 9;° Pr. ended June 30 net income $2.546, 846 s

United Air Lines Transport Corp. un Airc Pd net on Cigar Strs *» profit $577,129, equal to 38 cents a on ._ (share vs. $216,123 or 14 cents year U

Sinclair to Restore Cuts

In Texas Crude Oil Fields :.

Aug. 6 (U. P).— ports by the Sinclair interests and Harry F. Sinclair announced at the the Texas + Railroad Commission here yesterday [that the Sinclair Co., of which he will restore the price for crude oil in those fields where The restored price will be retroactive to

The reduction had been to a flat {price of 75 cents a barrel in north The re|duction varied from four to 28 cents

hearing was marked hy a relative oil im-

Row materials | HARD COAL

Semi- Meany « SOFT A PETROLEUM

foctures Oil WELLS DRILLED

Finished produch BAB mo mL CONSUMPTION

Coton Sik Wool

Rayon

Depertment store

soles

Veriety sales (5¢-$1)

Rurel soles

® ® Housing on Clothing STOCK PRICES

Fuel and light $ BOND PRICES

+8 -3 “a +13

HOUSEHOLD REFRIGERATOR SALES

WASHING MACHINE SALES + 6

ON BURNER fom SHIPMENTS “+28

- CIGARETTES = ns som "NGG vn Te FARM INCOME EMPLOYMENT a hot PAYROLLS A Truex sas *419| md DIVIDENDS

N Business Week's Index of Business Activity +15

Reproducad by permission of Business Week

E +n of Sundries +6 -2

+7 +4

* phi

| | | |

CONSTRUCTION costs | CEPARTMENT STORE PRICES

Corn and Wheat ie Official Weather

REDUCED h

hg | Aug. 6, 1940 { Precipi- State of Stations High Low tation Weather

Notre Dame ... Cloudy Ta Angola “en Cloudy ‘2 Wheatfield | Rochester Marion . Lafavette . . Cambridge City Columbus . Vincennes | Paoli Fi. Wayne Indianapolis Terre Haute Evansville .. Washington

SAYS INSTALLMENT ~ SALES LEVELING OFF

| | | | NEW YORK, Aug. 6 (U. Pre) | Installment selling, an outstanding factor in American business growth lover the past two decades, has passed its greatest expansion period | and shows signs of leveling off. ac- | cording to Carl N. Schmalz, controller of R. H. Stearns Co. of Boston | and former chief of the Harvard | Bureau of Business Research. | { Barring a sudden change in| American economy, Mr. Schmalz ['stated, the upward trend of install {ment selling is not likely to con(tinue much further. He cited De- | partment of Commerce data to show | installment volume has flattened out | 33,4. igo since 1936 and now follows the Medi um y a 1 «3 0- 2 cyclical fluctuations of general busi | Slaughter Cattle & Vealers | Reel ness. | Choice | Yearling Mr. Schmalz's survey of the in-| 750- 900 $10.50- 5Good ...$ ; 900-1100. 10.: : stallment sales trend was contained | (1100-1300. 10 in the Credit Management Year | 1300-1500 10 , Book just released by the National | 750- oes 9.2 | Retail Dry Goods Association. } 38 1300 > Common -— Curb Stocks |= Monday, Aug. 3 lena rs Net | High Heifers Choice 10.25-11 5-102 9.25

Cloudy Cloudy | Cloudy PtCld) loudy PtCldy PtCldy PtCldy PtCldy PtCldy PtCidyv PtCldy Cloudy

Top Is $6.60.

in most hog prices at the apolis stockvards today, fag Marketing Service r Porkers weighing between [oo pounds were a than yesterday while weights were 10 cents lowe

at unchanged prices.

on 220 to were strong a $10 top An salable cattle were receiv calves, 7500 hogs and 1520

230-pounders

Monday, Aug. 5 Repts.Aue. 6386 2 ..» 6 305: 3 . Repts. 5 6 5430 Gilts

Top 6.50 6.10 Top 6.50 and $ 450-5

oa»

Packing 10} 270- 300 $$ 30! 300- 330 40, 330- 350 50 Good 70! 350- 400 75! 400- 450 65! 450- 500 30 Medium 10, 250- 500 95

Barrows 120- 140 140- 160 160- 180 180- 200. 200- 220. 220- 240 240- 270 270- 300. 300- 3%

Dammam S

Siaughte 5.25- 6.35! 90-

cot mmon Good Wh 50-10

50- 9.25 50- 5

6.00- 7.50!

Feeder, S Cattle, €

[Choice 00 Low 65' 161’, 347 337s

141;

750-1100. 1100-1300. 500- 750 9.25-10.25 Good | a 300

| 1300-1500 Medium -— Heifers 500- 75 25. 500- 800 Close Change | coog. | BS Bia 103D. {Alum Ltd £52 65! % | Alum Co 163 4 Am Cyan . Am Gas & E... Lt & Tr |Am Rep cp.. | Am Super Ark N Gas A Asso G&E A Avia & Tran

800 800-1050 00 Medium — 500-1000 5 Common - Yi 50 ann

Am.. B

— dm ON a TF a NP aan

— a

Calves (s {| Common — 500- 900 55 Cows Gnod . 5 Medium 5 Cutter and common 4.2 5.25 500 down Canner 3.00- 4.25 500 down a | SHEEP AND LAMBS (Receipts, { Lambs (spring) 1-16 {Good and choice “ae sens $f Medium and good Common

— — 1 DBD NEI 83 >» wv

%5 500 down Medium 500 down

[F]

- RD DN DNET , 13

¢ 1 RS REDE NNII 13, &

25 oR

Good

be BaD DD a

—

pt pt

Bunker H&S Callite Tung Carib Svnd . 5 3 - Chi Flex Shaft -—

0&G ‘ E Balt.. {Con Steel .e

Ewes {Good and choice Common and medium

(wooled)

va pa

Tr 76 Eagle Picher L. 2 El Bd & Sh El Bd & Sh 5 EB & Sh 6 pf Equity Cp .... 5 Glen Alden Hela Min Humble Oil . | Tmp QO Can....

-3

=I: NOE RID PO

Hogs Receints, 12.000: steady with Monday aver 10 cents lower 'v butchers

on good an 5... $6.25% 6.50 gener 270-1b butchers, $6 0, $5 657 6 10; 300-330 lbs., § packing sows 380 Ibs few, 85.60; 360- 4505.2

2 (

on om

Int by Lal

La M fares Pa “ Lehigh C&N Lone Star G... |La L & Ex

sow

bt 1D kt ABDUL AON WED | IW ND

A . calves * active Ret strong t {on fed steers and yearling 10 up on fed hei cows and bt | 25 cents highe nd

PEATE NN

Ls accounts, absor bed

Mont Ward A.

— In >»

on ontr Zinc G.... Jaccounts: 5 : ; thre loads IN Y Ship Bulg : ; t: next highet {Niag H Pwr.... } ! 4 ] flings. $11 {No St Pwr A.. * grassy {Oklah N Gas... according to quality Pant Oil Venz.. heifers, $11: weis . medium o good dry feds, 58 to $7.15

higher

exire longfed nrice

f short fed

Phoenix Sec

“a =

Pitts Pitts

Forg .. Plate . So 6 pf

Jabe <| Rustless I _& Stl

15 to 2 «

1D 08m

Bt COED met = DORI TS

-» a WE]

| Spring lambs mostly plainer kinds showing les s ih yp Westerns, £9: bulk. $8.60 {to $8.35. sorted natives {$8.75 down. throwouts dium to good fed TS dav's trade fairlv active soring vearlings, 10 to 15 cents hi choice Washington springers, | Westerns £3 50 sorted ers. $8 £5 one deck | ter Kinds tive ewes a | SUPDLY $2@3.

S383 s

— a»

PE EE ON

DWE DT LE ND eT ® EDD

Sunday Oil | Taggart Cn Technicolor

throwouts 1

n Lt & Pwr A 11- 16 Lt & Pwr pf 29 S Foil B | Un Wall Pa Ss {Utah Idaho er 1's

C3 pk pt CD

— Do —— a0 BID Oa

and

FT. Hogs 220 lbs., $6

WAYNE, Ind -5@ 10c lower; Ibs., $6.35; $6.15; 280-300

, Aug. 6 220-240 Ibs. 180-200 1bs., $6.25 240-260 1bs., $6.20: lbs., $5.85: 300-325 350 Ibs.. $5.65; 350-400 1bs., 5.5 5.05: 140-150 1bs.. 4.80: 120-130 1bs., $4.30; 100-120 1 $4.25; stags, $3. Calv $8.25

es ———————————————

LOCAL PRODU

breed hens, 12¢: Leghorn hens, 9c: bareback 8c. Barred and White Rock l4c; other colored heavy breed {13¢; Leghorn springers, 12¢;

roughs, Lambs,

other importers.. Former Secretary of War Patrick J. Hurley, counsel for Sinclair, contended that Standard Oil of New Jersey was importing at the rate of 87,000 barrels a day, against 13,- | (oi En ngers, 1c 700 a day imported by Sinclair, as| No 1 strictly fre ors part of its settlement with Mexico |10':¢: reach Jull case must weis Rross; & net weduction of 15¢ for over expropriation. case under o> Ibs, wil be made). Col. Ernest O. Thompson de- |, Butter-No. 120 .:@30c; No. fended the Texas Railroad Com-| (country mission methods of proration in re- | Wadley Co.)

Heavy llc; hens,

barebs

the Ag

nickel

to 0 cents higher estimated

6.60 30

(Receipts, Steers

CHICAGO LIVESTOCK

A Month os “on

uneven: age: few mediumweie ht

$5.15w

8 80 few

50 dow n 86.754

better w

OU. P $6.45

130-140

country-run weigh LS. | each full |

‘American National Bank!

quoted Bie.

ERE :

5 to 10-Cent Loss Made in Heavier Divisions;

rieported. 160 and lower heavier r. Hogs

Vealers with 2300

ed,

sheep

Top Repts,

122 1500 S038

Sows 535- 5.5 525-5

5.15- 5

( 10

. Pigs Dis, 1391) ® 6.005.50-

4.75- 5

Vealers

50- 9.00

PORKER PRICES

re } A five to 10-cent loss was made

tec

30 | lishing

4.60 and

1.00 | J.50 lore body

1.90 |

tocker alves 16)

a 00-10 0.00- 9

8.00- 9 8.00- ¢ a r

1.29-

6§.00- 7 teers)

Good and choice

9.50-11

8 00- 9.5

Calves (heifers)

8 50-1025 %.50- 8.50 13689)

5 5

- 200 a9

[Sestorgny. SER

mostly

spe

e 190 240

86 55

70-300 fos smooth 5 5.50: | s, $4.65

al 000

offe

and

1H y

Mongar Fsack

ce Jest

ors and

bulk

ith

OTHER LIVESTOCK

200-160-180

260-280 lbs Ibs.

$5.75 5. 150-160 84 05 $9.50

bs., es,

ack hens, Leghorn

trade very active on ‘bot h | Sweden

ee " GENER PAYS $1 DIVIDEND

one deck | $9.10 $8.75@9. medium to good kinds good to choice Dative spring vey

BROADCASTERS

SEEK TO BREAK

MUSH

Study New Weapon for War

Against System of Royalties.

SAN FRANCISCO, Aug. 6 —The National Association Broadcasters today reviews uary in a against the monopoly” of Composers, lishers.

war

Authors

That weapon is Broadcast Music, ! anized by the radio industry | to compete with the Ascap royalty | system that wiil cost. radio between | $6,000,000 and $8.750.000 next year. | were to retoday on the progress of B. M. I. since its last year's Chicago claims contracts with 320 of the nation's 800

Inc. org

B. M 1 convention

of the

Leaders port to

$ at

B. M. 1

organization convention.

radio stations. Television, ers variously and a new

regard as a frontier, the second day of their meeting, Ascap now tion, distributing the its 1100 composer publishers. Its works of virtually

levy music, from every 95 per cent of that used on radio. In 1941 {levey to T's and scale it down to local stations. The N tends this will cost about nearly double this year's ents. Ascap counsel John G.

the figure at

per

A. B.

[ot

Brazil Planning

Steel Industry ! hd

NEW YORK, Aug. 6 (U. P).

Plans for establishment of a Bra-| patterned after States model were under | discussion today following the ar- |

ilian steel the United

industry

rival from Rio de Janeiro of special commission sent

tain financial and technical

hy less than 160 pounds sold [sistance for the project.

Officials of U. S. Steel Corp. the Brazilian commission, it is believed that U. S ticipation will be limited

700 ‘nical advice.

Edmundo head of staff

about

Col e Silva, hnical will spend

the naicated that three mont

ing American steel industry

an | Will take back to Brazil a corps of | in estab-|

to aid plant.

technical advisers the first said that Brazil the natural steel industry, coal,

He possesses all needed for a ing iron ore, manganese, water transportation are available. Brazilian iron ore is a and is recognized as of the world's richest deposits,

CORN PRICES OPEN

FIRM AT CHICAGO ~—

CHICAGO, Aug. 6 (U. P.).

Wheat futures opened around steady == ‘on the Chicago Board of

day, holding within a range of

cent. Corn was independently firm. moder - ately increased pressure pared out-|

During the second hour side hour cent cent. gain.

ga of to

up's

the end wheat still was up 3s and rye unchanged to Soy beans showed a 14

ins, but at

DAILY PRICE INDEX

NEW YORK, Aug. 6 Dun & Bradstreet's daily price index of 30 basic compiled for United average equals 100):

Press

sas seers

week AZ0 ....

Per as eran Er an

Year Ago 1940 High 1940 Low

FOREIGN EXC HANG

NEW YORK Al 1g J. PJ) are noon cable r

Jan. 2 (July 29)

1d pouna (dollar)

.00'g

Switzerlanc

F 00D PRIC ES

CG. P.}) Peaches $1.90 2.15 « €0C,

a $1

, CHIC AGO, Aug. 6 a, Albertas bu, higan, crates, ugs 12 qt @T5¢ Cau Carrots ttuce ion Market Lllows., 804 90c Idaho Whites,

(50-1

Ti ais fornia Wh tes, $1.45 $1

AL MOTORS

NEW YORK, Aug. 6 (U.P.).—Di-| of the General Motors Corp. vesterday declared a dividend of $1 stock, 12 to stockholders of

rectors

| per share on the common

| payable Sept.

\record Sept. 5.

| |

| similar

1bs., |

springers, |

springers, bareback

eges

55 lbs

2 21a

the |

The previously paid in

while

company dividend

cents in March in 1939

made three quarterly payments of 75 cents each and a year-end pay-

ment of $1. 25. WAGON WHEAT Indianapolis grain elevate Li No. 1 wheat, 69c¢ ubject hange, | corn No. 2 helled,

yellow shelled, No. 2

59¢;

67c; white oats,

2c.

TRUST SERVICE

com?”

AT INDIANAPOLIS

C CONTROL.

(UJ. P.). of the! tweapon that miy be used next Jan- | “music of the American Society on (1o and Pub-

which the broadcast- | menace | also occupied the attention of the executives at] three-day

collects 5 per cent of | the gross revenue of each radio staamong | members and 37 the | - prominent | composer of popular music, suppfes the

here to ob-| as- | 6:43

are | he top dropped toc $6€0 quoted understood to be co-oberaling wit IR although | == . Steel's par=| to tech-|

de Macedo Soares | commission's he | hs in this country studying the engineeiand production aspects of the! — and that he|

already resources | includ- | limestone and | and that adequate rail facilities |

hematite one con- | 50 [taining more than 62 per cent iron.| 3:¥

Trade t0-|

the Company sl WM

cent Pendleton

P. me | Ad Main St weighted | commodities, (1930-32 &

Followi ng currencies: | 01'2 |

000112

Celery Tomatoes Tomatoes Spinach 1liflower Calt-| California |

June and 75

I'S are paving

other grades RO ir et a! SAXOPHONE ¢ 4 No, 2 roy Itong ry

ON THE RADIO

TONIGHT house and before firemen showed 6:00—Missing Heirs, WFBM. up, rushed in and helped carry out 6:30—Information Please, WLS. furniture, including a grand piano. 7:00—We, the People, WFBM. |Back in New York, Carmen Lom-

8:00—Tommy Dorsey, WIRE. bardo arrived home at 4 a. m. and y y Dorsey decided to take a swim at Atlantic

From the conning tower of the |[Beach. He found two men drown- | U. S. S.. Wyoming, Capt, Donald S.|ing and pulled them hoth to safety. | Patterson, commander, will describe (One was a former Yale athlete, and ‘actual night battle maneuvers, the story didn't get out until he arried out by 600 Midshipmen Re- [started calling around to thank the (serve trainees during “We, the Lombardos. People,” 7 tonight, CBS-WFBM.

at un ” on During “battle” various re-

the Van Wyck Mason, author of mote microphones will be turned on | Stars on the Sea” and “Three {so listeners can hear orders in the Harbours” is tonight's Information turrets, the sound of powder being |Please guest at 6:30, NBC-WLS. placed in the guns with the shells David Lloyd George, Britain's and the roar of the barrages. |Prime Minister during the World Col. frank Knox, Secretary of |War, will speak at 12:30 p, m. toNavy, is to be the principal speaker morrow, NBC-WCFL. broadeast. He will tell about Beka the new Midshipmen Reserve units| Mutual will open its series of for college hoys and young men who | ‘Pennant Chasers” for baseball fans have had two years of college train- |With a broadeast from Boston at ing. [8:15 tonight. Each week the program will shift to the home of the

> = eight first-division clubs of the The Lombardos, Guy and Car- National and American Leagues for men, have given their official O. K. (interviews with managers, players, to this story after being modest | tcoaches and officials. The seri ies about it for sime time. Two weeks |will culminate on Oct. 1 with a pre4g0 on a trip to Buffalo, they got view of the World Series, featuring ‘off, the plane and took a taxi to |Will Harridge, Ford Frick and J. P. their night's band engagement. On (Spang Jr. president of Gillette

{the way they passed a burning | Safety Razor, sponsors. # 8 » 3»

| THIS EVENING

(The Indianapolis Times is not res ments, caused d by _station changes a after

INDIANAPOLIS W EBM 1250 NET.)

ponsible for inaccuracies in program announces press time.)

INDIANAPOLIS WIRE 1400 (NBC-MBS)

Wir TR Myl Michael Loring Leighton Noble ’ Jovee Jordan Home Edaition __Worla Today Panzance Preview

Carol Mars Freddie Milter Syncopators News

CHICAG WLS- WENR 870 (NBC Net)

CINCINN ATI WL 700 (NBC-MBS)

Cotton Queen

09 15 30 15 0 15 :30 15 00

Dinning Sisters Norsemen Ireene Wicker Bud Barton

Tom Davis Lowell 'homas Dessa Byrd John Jefirey Dick Keead Inside Sports

Easy Aces Lost Persons News Army Education

Johnny Presents Roy Shields

Unannounced Baker & Denton Don Winslow HV _Kaltenborn

Johnny Presents

Str

Missing Heirs Lud Gluskin

ann! ti

Bl He Horace Heidt Information, Please Horace Heidt 3 ’ ” ” ”» »

00 We, the _Peonle . ’

20 i i Prof. Quizz 00

Battle of Sexes Meredith Willson

Musical Amer, Battle of Sexes " » ”» ”n

News Meredith | Willson

dick Cisne A flenn Miller T, K. Ybarra 15 Headlines

30 war News Dorhouse } ’ 145 Singing Con " » Red’ Crore"!

Tommy Dorsey Jommy Dorsey ”" "

Dog ”»

House n

H:00

Amos and Andy 15 he an an NEA 10 “Clock Final

:30 Second Husband Baseball " id

9:45 " ”» »

Pleasure Time Pleasure Time

Paul Jones This Is The Fair Gen, _Disque 00 4 ST—— U3

News Jack Chapman Baseball Ray heck

Peter Grant Dance Music Gardner Renedict Stuff Smi th

Hal Kemp

Abe, Lyman Musio You Want

——— Bernie ( C ‘ummins

News Outside Looking In

Musie ¥g ou W ant Xavier Cugar ” » J. ” ” Joe Sudy

WEDNESDAY PROGRAMS

INDIANA APOLI ss INDIANAPOL 5 i WEFBM 1230 WIRE 1100 3 (NBC _ Net.) (NBC-MBS) 6:30 Early | Birls Dawn Patrol Devotional ; Mai ket Reports Symphony » 4 Dawn Patrol Breakfast

100 5 ah 15

Sonny James

Lunceiord Moon River " "» " "

CINCINNAT ~e -MBS WLW 00 Clem & Maggie Boone County

INDIANAPOLIS

aj WIBC 1050

ue to Shine New Lene Journey Portia Blake

Jam

Rasonology " ” __ News News ”» ”»

TT Rilty Kelly Man I Married Myrt & Marge Midstream Hilltop House Ellen Randolph __ Stepmother Kathi leen _ Norris

Short Story David Harum Life Begins Road of Life Biz Sister Against Storm Jenny's Stories Guilding Light

Kate Smith Linda's Love Girl Marries Editor's Daughter Song Shon Homemakers Hour Community Hall Goldbergs Kitty Keene Song Salute astletime Editor's Daughter Mrs, Singin’ Sam Noonday ‘Rhythms Happiness Woman of Conrage Bill Jones Julia Blake Frankie Masters Parade of Bands Farm Hour A Lo Farm Hour Bov Greets Girl " | u pr. Malone Markets, Ranch Bovs Licht of World Novatim Grimm's Daughter Sunshine, Melodies Valiant Ladv Betty Crocker

Marvy Marlin Ma Perkins Penner Young Vie & Sade

Rackstaze Wife Stella Dallas Painted Dreams Kitty Keene

Househoat Hannah Beautiful Life Tiss Julia Elizabeth Bemis

Follies "

frst |

Man 1 Married Midstream Ellen Randolph Kathleen Norris

News Bright Spot Mav Robson Devotional

Memory Lane Music Magic Richard Liebert Home Folks

— linda's [ove Road of Life Azainst Storm Guildine Light

Ww man in White Neills

Friendly House

00 Farrell | 3

30 Farm Circle 45 ” ”

weather Fetches Wiley My So n & 1 00s Society ( Girl 11H Minstrel Men > a0 Soloists ALI Wheeler Mission Necture | Hall

' Melodv Matinee 3 Hits and Bits

Dick Reed

Marv Marlin Ma Perkins Pepper Young Vie ¢ & Sade

Backstage Wife Haven of Rest Stella Dallas

Fel; 2 Yary Galbraith orenzo Jones oncert Hour Widder _Brown

Musicale Harlin Bros, Ca pitol City

Kathleen Norris Bevond Valleys Pop Concert Scattergood

“%: "waltz Time £5 Hedda Honper 4:

Girl Alone Reautifol Your T O'Neills

Huzh Around _ Town

Home Edition ” » U. S. Reports " ”»

Buy Indpls, Request Time

Monaco

Jovece Jordan

J:45 World _Todav Six Hoosiers

Lowell Thomas

| KEY NETWORK STATIONS (Subject to Change) : MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030: WSM, 850, NBC-BLUE—--WJZ, 760; WOWO, 1160; WLS- WENR, 870; KWK, 1350, NBC-RED—WEAF, 660: WT ‘AM, 1070; WWJ, 920; WMAQ, 670. CBS—WARBC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBEM, 770.

1 1

man ng

of Indiana Toncan Culvert! Hammond Coal Company, incorporated agent, Ray E. Hammond Welch Manufacturing Compan: hares of $100 par value; | Illinois corporation. change of address coke, petroleum products, building maagent and of principal terials, etc Roy E. Hammond, Dessa Ind Hammond, Geneva Dellinger. B. & B. Bottlers, Indianapolis; | {change of agent to Victor R. Jose Jr. | 403 Inland Bldg, Indianapolis | | | |

Lloyd A. Merillat, FP. Edwin Moeller

rte: Inc, Hudson; Ashley 40 dealing in coal,

Dissolution

of Indiana office to

Inc

20s ahams Bros, Delaware Corporation; nge of agent to Abe Evansville Pr ess corporation incorporation South Bend Gospel Tabernacle, Michigan South Bend Olaf A Uldine, Carl F

Schultz, Third Hydraulic souri of

Brick Company amendment

Misof articles| Ine 115 no hy all Halquist, |

St.

| stock

.113.20| Roy B McCray 113 56 PR, .114.85| stock: 02 11 12: 24 | corporated; 113.11

PLEASE REFER TO YOUR

1 arysville Packing Co., Inc., Marysville, 2 issolution. | | Lafayette Negro Center, Inc.. 1723 Salem | St., Lafayette; no capital stock: to organize | 1 © B . ro] 8] Oo N k . | social community center for mutual im-| | provement advantage and educational! | training of members of the negro race; ; Willis G. Williams, Albert Bohanon, Sterling R. McElwaine Pioneer Coal and Supply Company, Inc., : 219 Murray St., Ft. Vor py Frank | BEFORE CALLING G. Bollman, 4321 Pembroke St., Ft. Wayne; aE

1000 shares no par value, general mer{cantile and manufacturing business in-| cluding furniture. machinery, construction and agricultural tools, ete.; Frank G. Boli-

| | | |

b. |

Cali- |

Indianapolis Bond and Share Corporation

129 EAST MARKET STREET

Even If It's Three o'Clock

in the Morning HAAG’S ALL-NIGHT DRUG STORE 1S OPEN 22nd and Meridian

INDIANA MUSIC CO. \ 115 E. Ohio St. _ LI 4088 |

For WATCH REPAIRING

OUTFITTERS TO

25¢; No. 2, pickup prices ply to accusations by Hurley that | proration was used for reprisals | against firms that reduced oil pr does to meet competition.

The hearing adjourned after |

We Will Buy CELTIC CTFS.

NEWTON Joup LI-6222

many requests for permission to in- | crease production of asphalt and non-gasoline oil had been heard by | the commission. It was announced that ON order for Septem

ER ar

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* The CHICAGO

on Everything! !

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THE MODERN CREDIT STORE

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—— BELWEEN illinois St. and Circle _

FURNITURE

for LESS at

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And

ELINED EPAIRED ; EFITTED | Women's

TAILORING CO. 235 MASS. AVE.

MEN, WOMEN and CHILDREN

Po ——