Indianapolis Times, Indianapolis, Marion County, 22 August 1940 — Page 22

THE INDIANAPOLIS TIMES

THURSDAY, AUG. 22, 1980

- HOUSE 0.K.'S LOANS FOR LATIN AMERICA

Money Is to Be Used Either for Industrial Expansion or in Order to Permit Storage of Surplus Commodities For Favorable Market.

WASHINGTON, Aug. (U. P).—The Administra-| S$ program to insulate the Americas against totalitarian |

9

wk

tion's

economic penetration won House approval yesterday when $500,000,000 to the Export-

| | |

the chamber passed a bill to add § Import Bank's lending authority.

The roll call vote was an-)-nounced as 183 to 144. The EW TOP PRICE

money would be used for

1

Joans to Latin-American nations, either mdustrial expansion or in order to permit storage of surplus commodities which would be held for favorable European markets. The program was proposed in lien

25 Cents. of the hemispheric cartel plan sug- ” gested by President Roosevelt Jast| A NeW top price for hogs was set

spring to head off growth of Ger- at Indianapolis today when good to man economic influence in the choice 220 to 230-pound porkers | Western Hemisphere. The cartel drew $790. the Agricultural Market. | project subsequently was shelved as | ® 100 unwitldy to be effective. ing Service reported. The bill also would increase the! Reconstruction Finance Corp.'s lend mg authority hy $1,000,000.000, wi would be in connection wi the defense program. Passage came after

or

$7.20 Year's Highest ere: Advances Range to

sold steady to 10 cents higher than yesterday while heavier weights were | 15 to 25 above yesterday's

& motion 1 quotations recommit the bill was defeated 185 Vealers were 50 cents to $1 higher 0 140. It now goes to the Senate, with a $11.50 top. where & companion measure Wa approved by the Banking Committee (hogs and 1500 sheep. after elirnination of the $1.000.000.000 | for the RFC. | Aug. The Senate Committee eliminated | 18 the RFC fund on the grounds it would clothe the agency with 100 much influence.

3

Ch used th cent

>

(I

S (receipts;

Top Ropts Ang. 6.90 N69 20 ‘ 05 1200 24 | 19 6.90 R610 2 Barrows and Gilt 120- 140 § 5.00~ 5.60 140- 18 5.50- § 70 180 585 $85 200 5.30 7.05 220 R00- 5.20 240 %.00- V2 270 6.7 5.15 00 6.40 bh 00 330 8.30 hl 330 360 8.20 3 Mad ium == Pigs

| 2m MILL BUYING LIFTS 8 ~ PRICES FOR WHEAT 180- 300 8.5% 65 5.10 Slaughter Cattle & Vealers (Receipts, 809)

CHICAGO, Aug Mill Chot OR { Balls : buying lifted wheat ae to Mew | F50- 300 $11.95.12 00, (Vearlings excluded)

Top Ropts “$3 10 » 0 Packing Sows « 300. 3 5.85 330. 5.5% - 380... 5.50

Ri vo35 | In 6425 B Br 8.15 Ch

5

52% 3 510- 53 4.85 318

4.50- 50%

400 450 500 5 Medi am 0 250- 500

5 & 6 6 8 or uphter,

5.65

a9

since 1929, according to Tadiana

Research. The chart above shows | Oe curve in July nearly reached 1 ceeding the mark reached dur | 198%.

Bureaa reported. creased activity in the region steel mills a at

Butchers from 250 pounds down ACCOUNTANTS PLAN

The new board of directors of the |

Estimated salable sociation of Cost Accountants, will 500 cattle, 500 calves, 6500 meet Antlers to Plan next year's program.

Directors are Charles A, Atkinson, | Cummins

200 | Adding {Co.;

IManutacturing Co, and A, G. Pee ey,

Indiana Business Hits New Peak

The upward carve of Indiana Dusiness har continued steadily since March thix year

miversity’s Bureau of Business

Ey Te July Business Index

Percentage Change Over a Year Ago Manufacturing Bank Retail Postoffice Employment Pay Rolls Debits Trade Receipts 8 +14 4-22 4 — 0 — +28 +30 +19 +20 41% +28

+ 8 + 1% “ § 3

10 41% 3 + 1 | +13 25 35 % 4+ 8 +12 +28 14 14 12 23 2 i D8 <1] 14 11 2 2 \ 8 8

50 on the Bureau's index, ex-

Three factors Nat dy 2 t They were inCalumet

ANARIVON wv. vonn Badarord “AS Bloomington Columbus Connersville Crawfordsville Past Chicago Elkhart .... Evansville Ft. Wayne Gary Goshen Hammond Huntington Mdianapolis Jeffersonville Kokamo Lafavette La Porte .. Marion "ey Michigan C ity Mishawaka Muneie : New Albany New Castle Peru Richmond Shelbyville South Bend Tell City ... Torre Haute Vincennes Whiting

5 “+14 +10 4-28 418 +18 +12 +11

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PROGRAM FOR YEAR

eh

dianapolis chapver, National As-|

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Wednesday noon at Hotel

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Engine Oo, Columb, | d.; Horace G. Barden, Emst “| nt; Bdward J. Dowd, Schwitzermmins Co; Curt W, Hirschiand. | Machine Service & Sales) Horace T. Mathews, Herdrich | Horace M. Read, Basoa |

Teen

BERR

Boggs, WAY

(The Indiana RORRCEMERL

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INT INNATY LW INRU-MAR) Frm——— Ootion Queen Tom Davis Lawell Thomas

Annee With James » oe

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Muyieat Comedy Aldgion Family

Homes on Land Cagadian Noliday

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Tove Canway »

4 Mok Cisne Rudy Valles T R Yharma y Mantreal Symphony Grant Park a 1d

Glenn WM Mer Weledy Joments

» » »

Rudy Valles

Haag Drug Co. Ine.

FINAL NEW YORK STOCKS

highs for the day in late dealings 800-1100 TAA SOR 830: "38 on the Board of Trade today. Prices 12.35 Medium 2 5:58 held steady fractionally higher |x: common 5 25 levels much of the session | Vealers E 50 Gand ana Wheat closed 1: to 3: cent higher choice. 10.5011.50 Bept. 70% Com was off to a nd up cent. Sept. 60 s@61, oats Vu 5.50 TS Cull cent higher, Sept. 28%&, and Ive 7 D0. B.00- N50 Cattle, unchanged to off cont, Sept Steers, Weifers | — Soy beans were unchanged 10.50-11 50 Cho cent higher, Oct, 672d. © 50.10.80! S00. 80. S 20-100 A the start of trading the hs Chotee oii b0oson. son. son Al market tended to Tol 50 900 RBh. > All low the eo ok Minneapolis but [Go oR Ng 0 200) at subsequently took the mitiative Conon. pe Fie aM A > A " " i De Oy vies of the improved Sob, J SX A iil man ii trade was thin at the start] bo : but recovered early fractional los-| Medium . 600-6 ges under an improved demand for | Commons $00. on Med the May delivery. In early opera- | Canner . 4.00- 5.00 500 awh. tions the nearby month was sold| SWEEP AND LAMBS (Receipts, 2021) by commercial interests and it was! Lambs (spring) understood May cern was sold Jie agai

5.50 Good and choice== | $500 down 9 50-11.0 _Rooq 1st purchases of wheat Coun | " R ~ 3 OYA ww ativ wes wonled) | ry i latively i ( try offerings again were relat Good ane ehoice heavy.

at 5.7%

x | Aly 0 Aly Ala

<

1

Al

s

3%

1

a Al cago wheat 11.9%! 8 50.10.50

10.50

50 a Am MR m Am Am 0 {Am { Am A Am Am

: By 00 | Common 500- 900

000 7.50 8.50

5.00

500 Sown. 7.50 8.50 |

Am | Am Am » | Am LAm Am | Am | Am

Good and cho Medium and

Calves (heifers) Common Common ana medium.

5 Good $ 50-10.00 |

RANGE

High ow Close

CHICAGO LIVESTOC

Hops

K!} A

[Am Am Am Am Am Am | Am Am Am Am Am | Am Am Am

10,000; top, Ibs.

ak

active; mostly 10 $7.25; bulk goo $05.20; 290-270

¥ = ibs. B05: } S81 Nas 40;

55% S56 3 $5.75 6; 360-450 ibs, 50508 BS

» v Receints, 5 h er. 00-240 10; most 27 Np Ty es, smootn 30 Senerally heavier

calves, 1000: fed , Active; mostly 10 to eral steer trade steady

ob a

rors shang steer | Lied heifers dull; Or Week: cows 1R 15 conts

Am Am Am Am

Anaconda de) h APW Paper Armonty | Armour

Ay orap, sausage bulls, | . SOCK oattle slow. | feeders and

1000: fairly active; 0 40 cents nighsr; fai | IIMRS, strong to | fgooa and choice na Atl 9.80 madinm to down IA

common | Ass | Ate

Roce Wp < 2S Ae

Atlas Corp

2

OSAAY SPY ing lambs I sheep and year. | Avi

| OTHER LIVESTOCK b

Bal CINCINNATI. Aug PB.) Salable, 3000: total 38650 holdovers active, lower; top, $7.25: 160-180 ibs 100-1 140 Ibs., $4604 5.85; good packing Sows Cat

Bers3iy 4 408 393% Fu Eqa590F 474

RN 0. Hogs 140: | Bar

£6.90. | Bar

malting jons—Lard, > f. $4.87. nomin?

a.

181 18 aa o ° Salable, 400: total, 425: calves | 20, active on grain fed steers and heifers, | Bes Smail lot goog around 600-1h, steers and | Bet heifers, $10.15; others around ¥3 Ty.ab: | Ria ome Pet = rs and heifers as low | Ro —— a mu m and good beef COWS, WAGON WHEAT [$6.50 7) cutters, [email protected]; sausage bulls | Indianapolis grain elevators are paying | $5.50 6.50; ealers, Steady: pood for No. 1 wheat, 6uc; subject to RA choice, $10 504 (11: medium Kinds, $9.50 | Bor chante, ot ner € rades Shelled Toe: No. 2% wn |B Bor corn. No vellow she 60¢ Sheep 2000; fairly active, : white shel led 68¢: No 2 white oats, Ro adv. most te ¥ HEY

LOCAL ISSUES

The following quotations by the Indianapolis Bond & Share Corp. do not represent actual price offerings, but merely the approximate market level bas ng and selling quotations of rec

ons Bid

WINNIPEG {igh

HEem 74%

Dec. aAsked.

ave. ice ewes and wethers scarce ‘common and medium, $6.50@ ) ter ewes, $243 FT. Ww AY NE Ind., Aug

to 10¢ higher

3 Rood trucked-in spring lambs, 0.50

22 (OU, P).- Hogs | eady ) 220-240 Ibs, $7.1 ~220 Ibs., ST: 180 200 Ibs, $6.85: 160- io . $6.55; 240- 260 1bs., $6.85: 260-280 Ibs . 280-300 1bs.. $6.35: & 395 Ibs. $6.10: 350 1bs., $5.95: 3! Ibs. $3.80: 150+ 1 Ibs., $5.65. 140-150 Ibs. $3 40; 130-140 |1bs,. $5.15; 120-130 Ibs., $4.90: 100-120 Ibs. $4.65. roughs, $5: Lambs, $9.25 oN X FOOD PRICES CHICAGO, Aug. 22 (U, P.).—Peaches-—-Georgia Elbertas, bu, $2.15% 2.35, Celery crates, 30a 60c, Tomatoes gs, 50@65¢. Spinach-—Michigan, aulifiower Colorado, crates 2 carrots California, crates, $2501 3 25 $lettuce California crater $2.15@ 2.90. Sweet Potatoes Tennesee. $1770% 1.80. Onion Market (50-1b. sac » HlMois Yellows, 65¢ California , | Spanish, $1 0a, 5

SPR ShCtE Bul

R 1150 Bul

Stocks nts Finance Corp com..... BE RR & Stk Yds com ah Belt RR & Stk Yds vfd 53.. Central Ine Fo w "% oe pti nc vom . Ean TR Ft Wavne 7% pid Ind Asso Tel Co $6 p hve Ind & Mich Elec 77% ord .- Ind Gen Serv 6 0G. Ind Hvdro Elec 7 Indpls Gas com Indpls P&L com Indpls P&L 67%

stags, $3.75. Calves, $11

But

Cal Cal J Cal

7%

Car

a Sweet | Cat

DAILY PRICE INDEX

NEW YORK, Aug. 22 (U. P).— Dun & Bradstreet's daily weighted [price index of 30 basic commodities. * compiled for United Press (1930- 32| Shi |average equals 100): | Chicks | Yesterday reahsnes Week 880 ..ovvivssisivsivess 11305] Month 880 ....cucuvenarsaves 11340 Year ago. ... seareanaaens 10394 & 1940 high: (Jan. 2.ceeveenees 123.34 1940 low (Aug. 19) ievvennas 11242 ool

LOCAL PRODUCE

hens, 12¢: bareback hens, hens, 9¢: bareback LegBarred and White Rock |¢ springers, other colored heavy breed springers, 13¢; Leghorn springers, 12¢: bareback sprin ers, 10c: old roosters, 6c. Indiena Gra A large eggs. 20c; Indiana Grade A Tedium eggs. 1%; No. 3,

11c. Butter—No. 1, 2912@30¢: No. 2, 2"Tw@ 28¢c. Butterfat—No. 1, 2° No. 24c. (Country pickup prices "quoted by the Wadley Co.).

N N 1 FOREIGN EXCHANGE NEW YORK, Aug. 22 (U. INR are noon cable rates on rencies Cable Rates Net Change England (pound) ...$402)2 001g Canada (dollar) S Italy (lira) . Finland (markka) Switzerland (franc) Sweden (kYona) Japan (yen) Mexico (peso)

N P N nd Li ess q aundry com Pub Bo Co of Ind 8% Pub Serv Co of Imd 7 So Ind G&E 4.8% pfd 1 Elec © Jnion i Co com.. van Camp Mik pd van Camp Milk com Bonds

erican Ioan 58 Sl....cvuuee A Loan 5s 46 Citizens Ind Tel 4l2s 61 a Crabbs- -Reynolde-Tavlor 5s qa. ¢ oHme T&T Ft Wayne 5 .

& Wavne 6s 43... Home T&T Ft es 70.

Cer Cer (

Cla

Is Railway Inc 5s 57. . nani Water Co 3'zs 66. Interstate T&T 82s “S Kokomo Water Works 5s “58.. Kuhner Packing Co 4'28 49 Morris 5&10 Stores 5s 50 Muncie Water Works 5s 8. Nat Silk Hosiery 3s Bn N Ind Pub Serv 3%s 68 N Ind Tel 42s 55 Pub Ser of Shy as 4s 39 ib Te 0 % Eichmond Water Wis 58 57... Trac Term Corp 5s 57

U. S. STATEMENT

WASHINGTON huts 23... P.) o—-Gov. nt expenses and receipts for e ermme fen vear through Aug. 20, compared with a vear Beo. This Ye Last yo Expenses . $1,287 a: 209 3 $1.433.205.% Receipts ... 2.3 Gross Def... Net Def Cash Bal Work. Bal Pub. Debt Gold Res Customs

Col G

Heavy breed llc; Leghorn horn hens, 14¢:

P.).—Followmajor cure

"436, 097.7

INDIANAPOLIS CLEARING HOUSE Clearings ..82,770,000 Debits SON IIRRANNBR RNR RR RN N R 6,145,000

sarees Sesatetaane Sherrer

Acme Steel Adams AddressoRra ph

Allegh

DT XW Aesh Pha Stl. Allen Allied Chem Hied Mills

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Boeing Air Bohn Al & and | Bond Stores

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nit Caeaaeaaeas 11207 | Gait con’

Ea 33! Sleve Graph Br ie x M Co 33

pt A som ‘Credit

Com Solvents "oe Com &

Cong- A Cons Aircraft . Cons Copp .. Cons Edison cons “er Cons Laund

By UNITED PRESS

JONES STOCK AVERAGES |

30 INDUSTRIALS , 10%

I DOW

jaw

Clove on ee | +

2 Lor, ne E100 Lone Star pe Long Re ll 0.20 Lornliard

Mack Tr Macy RH agma \ Mahal RE a an y gt 8.21 Marine 0.11 Marshall Pe a1 Martin (denn) | Mariin Parry 0.08 Mathieson

3

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¥

12 | Yesterday 1a | Week Ags | Month Age year Axe : Wich, 1900, 12.80: Tow, 111.84, Wich, 1539, 155.92: baw, 121.4%,

20 RATLROADS

¥

# ROSES

Exp

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reduc Wav Fl " ska Junean.. Cor Cp nt $30 ww (

181.88

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8- 1-1 8% vn 1 2 a . |" 1 ABS v 12% , 61g pf Bd'p 3

181

ry

y

n : Yesterday Week Age "Month Aga 1% Year Age : « High, 1940, $07: man ‘a Righ, 1930, 85.90: 2018, - 15 UTIIMES

Thdust MW 26.43 28.3%

25.80

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~y PAGE 21 | TONIGHT Two Grant Park concerts are io BRISKER TRADE «vor mas wen. Jon src ovr’ she Ml tise —— ork tonight and Ik ¥ . 8 News, WIRE. Walter Steindels Symphony Or w— Sti ien Family, WIRE chestra plays at 3:30 tonight and ® : Q T00=Major Bowes, WFBM, Glen Bainums band will fNmish Canadian Securiies Gain y.30—vex Pep. WEBM. {OMOITOW NIEHS concer | sian Because of Mutual .-. Governor and Mrs, William H A 41-round prize Aight that began Defense Plans. Vanderbilt of Rhode Island had a'in a water-flooded ring and was “ good time at a reeent “Vox Pap” later continued in a blinding snow NEW YORK, Awe 2 (U P)= broadcast. So they invited oy storm for four hours will be oid Stocks advanced today for the Afth Johnwon and Wally Butterworth to Oh the “Strange Ax It Seems” pros CORMRCUTIVE ¥eNEIOR With volume the (a lawn party Mis, Vanderbilt ix Stam at 8:30 tonight, CBS-WFBM, vecond highest of the month, Shing _ honor of Mis (Paddy) | LE Canadian wseourities featwied on! RE A 2 Yio YY al Don Wilson, the genial announoer Toe drawing together of the United oo R 1 land foil to Jack Benny, will join | Statex and Canada for mutual de- ya) Fanny (Baby Spooks) Brice, Hans a | ot only kK y N | tense. Gains in Canadian bonds a RB Wie aka. ne, 3 joy (Daddy) Stafford, Dick Powsll, ranged to 3 points Bring their OBS-WFBM bros x 'o Mary Martin and Meradith Wilson the stock list, International |... affair at 9:30 Pp. Mm ys A in the new fall edition of “Good Nickel swe featured with the | aAerbilts parents Maver Mince News” when it returns 10 its Thurs. COMMON Stock up 2 pointy and the Sa day evening spot on the NBC-Red . Wheeler of Newport and other sopreferred wp more than 4 POS. |oonv ominent oftizens may be MCUVOTK starting Sept. 3 Dome Mines, Mentyre Porcupine, | OR the program » » Hiram Walker and Newmont Mining Had FAINT Tanging to More than er The next step in the German als points. The latter made a new The Ritz brothers, Raymond Scott tack on England will be discussed by high for the yea a Corinna Mura will headline two military experts as the Univers AMPrican stocks were strong. | In Chicago Tonight” over Mutwal> sity of Chicago Round Table takes Bethichem Steel gained more than [WGN at 8:30 tonight. Al, Jimmy Blitokrieg on Britain” as ita subs a point. Butte Copper made a New and Hany Riz have Just compleiad fact Sunday at 12:30 p. m, NBC. high 2t § up %. Higher prices A hew picture, "Argentine Nights.” WIRE for lead sent St Joxeph Lead up a Raymond Scott is well known o| Hugh M. Cole. University of Chi fall point, Preferred stocks of the Co orees of ultra-modern dance cago history instructor, and Harold utility group had gains TAnging to uve a3 the composer of “In an ©. Deutsch, University of Minnesota more than 2 points Eighteenth Century Drawing Room” | historian, will discuss the coming Railroad issues had small gains and "Dinner Music for a Pack of phases of the war in the light of reChrysler gained more than a point Hungry Cannibals” Oorinna Mura cent German and British military and the motors generally were bet-| > DOME hailed as an outstanding publications as well as historical sx= eR : mterpreter of Latin-American mu- ample. The third speaker has not Bonds generally were fim. Dan- SO (been named ish issues spurted ax much as a » POINTE In the 5'% per cents, THIS EVENING Hh Times Bh aot be to gh Wation ehanie alter brows on vr. » Yun" INDIANAPOLY __(NBC-MBN) Re ’ Time Mie WARY —p, —~— MW Yor way mens rok Reed _—_y Insts Sports Reach 131 Millions. State so awn mse Nag Copeert Or Strange It Reems Aldrien amity Department Says; CL - I . Major ow} Muyto CL Shipments Up. wm WASHINGTON, Aug. 22 (U. P) British orders for American arms and munitions of war rose to $131,-/ 818972 in July, statistios issued by the State Department revealed yess | terday In addition,

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| These fAgures represented the yo value of materials covered by export licenses issued during July | Actual shipment of war materials (to Great Britain during the month " were valued at $24,145,025, including » $9497.123 worth of military airs planes, over $8,000,000 worth of guns and ammunition, and $4,000,000 th worth of powder and high explos| 1, | IVES | ! | Actual shipments to Canada were | . a, (valued at $4,465,798, which included | i $1.227487 worth of military ars | { planes and $2,583,108 worth of air=|. | plane engines In the case of both Ganada and | Great Britain, shipments during July totaled more than half of the shipments of the same type of | materials during the entire previous six months, Their licenses for new purchases during July were approxi» | mately the equal in value to all li Cleenges issued to these two countries during the previous six months,

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Frank Gagen FRIDAY PROGRAMS INDAANAPOL IS INDIANAPOLIS WIRE WIRO 1080 (NRC. MRR)

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Stations Notre Dame .. Angola | Wheatfield Rochester Marian Lafayette Yirtambridge City | Calumbus Vinesnnes Paoli ™ Indianapalis ['arre Hauie Evansville | Washington

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All Today awell T amas KEY NETWORK STATIONS (Subject to Change): URS—WABCO, 860; WIR, 7530; WHAS, 820; KMOX, 1090; WBBM, 770, MUTUAL=WOR, 710; WHK, 1390; WHKQC, 640; CKLW, 1030: WSM, 850, NBU-RED=-=WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670, NBCO-BLUE-WJZ, 780; WOWO, 1160; WLS-WENR, 870; KWK, 1350,

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Indiana fa resident agent New ldea, Ine, an Ohio earporation; Jacoh 8 White, Mears chants Rank RNidg . Indianapolis Admission of the Farmers Motor Masi Supply Co. an Ohin not for profit coe APPrAtive Association agent Oravdon |Cloble, Cieneral Delivery, Bdgerton, Allen

Incorporations

p Registration of the word trade-mark in Indiana under class 47, hy liinots Rrewing Co, Thornton, 1 Registration of the wards Tune le Sam's County, Ind no capital stoek Monogram Old Governor’ RID Van The Ladies Square Deal Winkle Pickwick Club,” and Wolaen oyun tno. of Indiana Harbor, Ind, ! Age py Cieorge Renu Sons, Ine, [Pennsylvania Ave. Kast Ohieago. Ind: (Paul, Minn, as irademarks, Class 48 Loan Mrs Emma Allen. same address: ne distilled aleahalie liquors capital stock purpnase of inereasing the Are Realty Ine Elkhart [political strength of all Negro oitizens bo in the eity of East Chicago, Ind: Emma Reorganization of Evansville on the ! , . Air, Ine. Evansville; stock, 1000 shares Allen, Anna Hopsy, Reartha Rrown [of $100 par value; agent, Henry B, Walker, Amendment to articles of Incorporation of 418 Main 8t, Evansville | Producers Whalesale Market, Ine BvARAL

lle; capital stock reclassified to Reorganization of Ranks of the Wabash, | HR of 810 par value, i 5 Ine. Rvanaville; stosk AO | Registration of the words as a 18 m At Bvanaville {mark label "'Ciald Hill Kentucky 1 alin Vv | Bourbon Whisky," by Admission of Pyramid Coal ¢Corp, An Nigtillery, Louisville, Ky. Hinmols corporation general oon Business "0 [and operate eneral store. Seeleyville, Ind; fm agent Ren |

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