Indianapolis Times, Indianapolis, Marion County, 27 August 1940 — Page 13
Frannie CR
TUESDAY, AUG. 97, 1040 ___ = THE INDIANAPOLIS TIMES STOCKS RALLY: |
~ US.MAY DEPEND ON|_ Lorgest Tin Mine in the World TIN FROM BOLIVIA San gone MES SM
PAGE 13
ON THE RADIO
TONIGHT | The day's mail reveals that: 6:00—Missing Heirs, WFBM, Silver Theater” will return to the 6:30==Information Please, WLS, air Oct. 6. And “Screen Guild” 7:00~We, the People, WFBM, returns Sept. 29 , The curtain on 8:00~Tommy Dorsey, WIRE, the “First Nighter” winter season opens Sept. 3
which Senator of Oregon ac-
Coppers, The address in ; Charles L. MeNary Rail Issues Show cepts the Republican Vice Presiy y {dential nomination will be broadMinor Gains. {east from Salem. Ore. tonight at o'clock by both WFBM and WIRE G. O. P. national chairman Joseph fr W. Martin Jr. will deliver the notification address, » » James Roosevelt, the eldest son, will he on Please” with the author, Christopher Jimmy Roosevelt's hrother, was on the show some time
is a fireplace in Roception Room from which most of President Roosevelt's. “fireside chats" origi nate But the President gpeaks from a microphone-lacen desk the far end of the oval room. (Each network has two microphones, in case one fails) The networks agree before the broadeast how much time is to be taken for the preliminary announcement This has heen worked out sa carefully that three separate announcers frequently finish simultaneously in their separate broadcasting booths Usually about the broad: ast, ply announcns All preparatory everyone
There actually the Diplomatic
If Shipping Lanes to Far East Are Closed. Destiny of
American Supplies Will Fall Into Lap Of Powerful Simon Patino.
YORK, Aug. 27 (U, P) rallied today after an lower opening and near registered
NEW Stoeks regularly closing time small advances increased morning then recent light pace, Steel shares were supported after fractional losses had been registered in leaders. Motor shares had minm gains late in the day and showed advances of nearly a point [rom the early lows, Coppers were (firm on improving demand for copper metal, Outlook ings and income railroad
at
Times Spenial » NEW YORK, Aug. 27.--If ever-increasing Japanese pressure in Asia should close America’s shipping lanes to the tin.rich Far East and if Germany should seal Rritish merchantmen Eurepean harbors, the destiny of Amer ea’s vital tin supplies would fall right in the middle of the plump lap of a once-poor Rolivian named Simon I. Patino.
Today “Tin King” Patino, one of the world's largest in-
dividual producers of tin, owng 60 per cent of Bolivia's PORKER PRICES
tin mi appreciable
gource of the precious metal in the Western Hemisphere Patinos sensational rise from 25-Cent Spurt in Local Quotations Boosts Top To $7.65.
humble origins in Cochabamba, Bolivia. where he was born during the American Civil War, to a fortune variously astimated between 1350 and 00 millions is largely due to a woman who said “neo.” Had Humble Start tino became a mi Ch 3 9% Patino became a miner acel ted as much as 25] x Mad 6 A 1) | ® Area n clerkship Imdianapolis today *Mmal to $7.63, the he Aly to A tn mine September, paviment £230 a debt-ridden pros. ) ) \ ng 8 : jenitural Marken erve pector owed store, Patino set i wal Marketing Serv A&A LM] tin 1903 to work a acre stake reported that weights over 169 ACdLE Log TAh : . ed yo Afr Red In the Migld Andes waster high were 10 to 23 cents above Alas oa nea county yesterdays prices with porvkers 1 Su was with him The first weighing more than 210 sharing the nd foads Patino ove that fall advance, Lighter weights also footed llamas carried down were quarter higher, the ueacherous Andes Ak The top was paid for good and aved Neh. Within a vear an Amer- choice 220 to 230-pounders. A week fean Arm was offering Patino what ago the top was $7. Vealers sold then weamed 0 him a fabulous price steady an $11 top. for Salvadora vein The Marketing Service attributed Then the woman said “no > Pa ve advance to declining receipts Kept his properties, His wife to higher retail prices for fresh riaht He proshered. bought Anh estimated 8000 hogs were, mi prospered hipped to the Union Stockvards : ere today, 2300 cattle: Y00 calves, War nd 3000 sheep
a majority
Tonight President s “Information, well-known Morlev Elliott, ago,
‘he the
slightly fell baek
in lo
Volume and
» ~ Superstitions will take a ing from Bah Ripley Friday, 13 He's bringing back his radio series that night and will spend the first program in debunking superstitions.
~ heat - Sept. minutes before attendant sim“The President work stops and Mr. Roosevelt enters, waves a greeting and takes his seat at the desk Immediately the tinkering and last-minute equip=ment checking goes on again, As the “air time” approaches, the radio men go to their posts in the booths. No hand signal is given to Mr. Roosevelt, He can hear the hum and mumble of the announcers through their cubicle curtains, When these sounds cease, he knows thev have completed their “presentation.” (The President never is “introduced” —alwavs “presented. Ant then the listeners hear the familiar “My friends
THIS EVENING
(The Indianapolis Times Is not respinsibie for mmaccuracles in Program Announces Otis Elevator preferred ments, caused by station changes after press time.) Investment fiemand and Yehiconce INDIANAPOLIS INDIANAPOLIS on the part of holders to sell aldec FRM 1204 WIRE | doo high-grade shares CBS NET.) (NRC-NIBS)
WHEAT BOLSTERED | i5-i rar shie™ BY SHORT COVERING
Javee Jordan Home Edition World Toda Col. Knox (t, P= holstered
Caral Marsh Dessa Rerd Freddie Miller Joe Venuti Syncopators Nick Reed late dealings today, also
10 an
ge car load- rises
high net some | small
for increased indications of a for carriers helped stocks to register gains, Chemicals were steady, nils mixed and mercantile issues firm, Favorable retail trade yeports| helped the latier Aireraft and tire issues were little | changed. Loft featured in activity and gained nearly a point. A 15|point rise in Worthington Pump [preferred A on one transaction Was the widest change Several special point or more, Watch, United Millis. Losses
neg—=—gole ”
NBC has a
» singer named Yvette singing all her songs either in French or French accent—and she makes no secret of birth in Birmeingham, Ala, Her real name is Elsa Harris,
High in the hills of Bolivia is the world's largest tin mine, at Llallagua, Bolivia, In the foreground
® the mill: in Aistance ix the village at the mouth of the mine,
FINAL NEW YORK STOCKS
Be UNITED PRESS
DOW-JONES STOCK AVERAGES | 2 INDUSTRIALS Mun "nn 1" 1am 3 12.8%: Law, 11034 ISN 92: lew, 120.4% 20 RAILROADS Yesterday 2M 8) Week Age Caisse « WAR Month Age titasriasie NW Year Age MWK High, 1910 28%: law, M04 High, 1939 35.90: law, 2044 15 UTHINIES
» ” » “Quiz Kids,” the new summer that clicked with listeners will change from its Friday night temporary spot to Wednesday nights at 6 o'clock over NBC-Blue. The five smart 5 to 15-vear-olds have been pinch-hitting in Alec Templeton's place
s— i - show this
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issues ineluding Fruit and Adamsa point and more were made ov International Hare vester. Midland Steel Products and
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Horace Heldy
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Aug, 27
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Prof. Quire
NotifieationMoNary Notifieat'n Musical Amer.
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Clase 13%, 16 124 124 11% 11s
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High | hw Gen Motors LL Gen Motars pf 134 Gen 11% Gen sen Gen Gen
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Septembey TI BT off '« to up 1 cent, Sep1K]! cents. oats up nin Basebhal f
September, 28! cents, News Want AN Ray Herbeek Outside oki cent higher, Sep- rt 8 — Looking In — asked Sov V1 Record Program Musto Fan Want Deke Moffitt
beans cents higher
1393 R30
on his tin closed
emp Pati miler from Bootle, a town near Liverpool. In bought a controlling
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and
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or Corn tember corp 3! 33, 8 zs tO 14 Tex G 8 2 and rve Tes 3S. $s tember were 4;
Third Av Ry en Aa May setting a new Transamerica late trade. October on: yw 73 cents bid TrisCont Quiet conditions prevailed in the Twin O) wheat pit most of the session and price movements, although narrow, were somewhat irregular, Liberal bookings to-arrive and fears in some quarters that the spot trading basis might develop an easier tendency caused some uneasiness in the corn pit. The September delivery remained under the| heaviest pressure while the new crop months rallied to fractionally higher levels shortly before the close
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WEDNESDAY PROGRAMS
VIANAPOLIS WIRE 1100 INBC-MBS)
Dawn Patrol Maiket Reports
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with 11:30 season's high in beans closed at
Raymond Seott Moon River
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touch on 3 » ny nF ay a 2 y the building of a large U. 8. smelter
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T Walty Time Hedda Honper Javee Inrdan OED Yoduy | KEY NETWORK STATIONS (Subject to Change): | MUTUAL-=WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WEM, 850, NBC-BLUE-=WJZ, 160; WOWO, 1160; WLS-WENR, 870; KWK, 1350, NBC-RED-—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670. CBS—~=WARC, 860; WIR, 750; WHAS, . R20; KMOX, 1090; WBBM, 770,
J, S, FARM INCOME cosets es MAY NEAR 9 BILLION
WASHINGTON, Au. 27 (U, P.) = —National banks had greater total assets and deposits June 29, the |date of the last bank call, than on WASHINGTON, Aug. 27 CE any previous call date in history, |The Bureau of Agricultura }C0= olla nomics predicted today that cash Comptroller of the 2 Outrency | Pres= farm income, including Government ——" payments, would total approximatea ly $8,900,000,000 this year, an In+ 301 i crease of about $360,000,000 over 1939 mixed and the second highest for any year since 1930. Farm income in 1937 | totaled $9,111,000,000. This estimate, the Bureau said, Indianapolis grain elevators are paving assumes the continuation of the or No. 1 nvhent 86. Subject to market! European war, and is based on in. corn No hat de hehed Mts gnal come received in the first seven white shelled. 68c: No 2 white oats. 278. | months of this year and prospective WHEAT prev marketings and prices during the Low Close Clase last five months of the year. Tish | tinea 1a | The gross farm income in 1940, is expected to total about $10,150,- | 000.000, the Bureau said, compared with $0.769.000,000 in 1939. This figure includes Government payments, which, the Bureau estimates, may be slightly less than in 10839 Then they totaled $307.000,000 | The Bureau said that the farmers’ cash income in the first seven months of this vear totaled $359. 000.000 more than in 1039 and Government payments were about the same.
CHAIN OF MACY & CO.
mentally refin Bolivian ores
Hill
me
"Around
Hugn Monaco Town
5 NTS ITP »w
t smelter at Laurel Stare of Printing -
Hugo Monaco
Six Hoosiers Lowell Thomas
Cal Pae
Calumet & RW Campbell Wy Canada Dry Can Pacific Capit Adm A Carpenter Kt Case J 1 Caterpillar 1 Celanese Celanese Celatex
Receipts, 11.000; act ¢ _Digher. spot: up more on \eighing 230 1b: and up. top. ST 6} 190.240 ibe XV AXA YY 8) 180 £8.13
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BA and chow 1% Bh 8% ING Boll 300-350 1B 00.350 30-400 bs BR 450.300 : Cattle—Receipty, If calves, 1000: an. pile aetive FOG choice fed steers with weigh choice ine yearlings and \ sets ruling strong to 23¢ hy Roles nes showing most advance: choice vearlings sharing vearling st all other grades steady. pa ghtwel ah offerings: cows and ) arm. bulls strong to higher: lai gely tel Most observers attribute this teed run: top early, 10: some held s Rh oad mediun ah nd \ to unstable Bolivian economics and toa Wh ang v Na \ high taxes rather than to depletion of reserves ut even worki mder the most favorable conditions such as exist at Bolivia cannot hope to produce much over 80.000 tons a vear—about two-thirds of the U. 8. normal needs
v bugs
thing
ale man Far one vian primary tmpure. 1 must be mixed with Tigerian or Ma Javan ores pbjected tao a rieky expensive electrolysis process, to produce first grade tin nn the second place, duction has frequently of the quotas allowed by
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CASH hard Tie Carn Nn 5 whit The. No. 1 vellow 1 vellow AB's. Onts- Ne 2 poate A 204, white, 20,0 No ties. Barley feed Ade. nominal, Cash loose, 85; asked
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30 Ibs, SARS Wheat No 4 mised main R41 BSc mixed white grade KLLARY white Beans 6c. No nomina Provisions leaf, $5.12
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White Mot White Rock Willys Ovring Willys Ovring of Wilsan & Cn Wilton nf Woodward Woolnorth Worthington Worthing ni Worthing nf
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LOCAL GRAIN
CASH Wheat - Strong receipts 3 No red, 87'x668',6: No. 2 hard. 664¢6%¢c, No
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GUARANTEED
WATCH REPAIRING
AT OUR USUAL LOW PRICES
"RITES :
en Dealers JHutual
\i FIRE — CASUALTY
carloads red. 66',00 2 hard, 65
present Abs NN Western steersy cutie cows, S8@ Pe LY sausage His to! Coca-Cola Colgate-p.p Colgate pt ¢ \ Col Fuel & Irn 1! hanarweights [Col Broadcast A J Westerns, $10: few | Col Broadeast RB 15: odd head ewes, $3.95) Colum tas $2.3504 3 50 today's t rade | Com Credit ambs slow: few early sa Wi om Inv Ty some Rood handvweights | om Solvents HY 30 Bh 1 | Com with X Ro 30: ne Westerns fComwith Edison around steady at Cang-Nairn Cong Cigar eis cong Cigay Conprmne Edison Film La onl Cos
vearl SRS $9.63
RSID WE »
i7'.¢: No. 1 1 66¢ Corn vellow
Clix nax Moly Co 28%s Rad
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5 8G UB «HES
receipts, 40 carloads . i 2 No. 3 vellow tang 9 33% RK Siek | tue: white corn. 84i9¢c over vellow: ! corn, 16 2'¢ under vellow alt ous io, Government Bonds “oi vin 0
receipts Acme e. No, 3
Aviation Biscuit Dairy Dept St Distillers Gypsum Gypsum pf 8 Lead 1 Lead nf BR 14 Pwr & Lt Steel Penn Nay Sup 6 nf Nat up 8, Neisner Newberry A Newport Ind N Y Centra! NYC & St t NYC omnihys NH & NH
Steady 501, 00 6C
No 26,
carloads white
striely Nah Nat Nat
Incorporations
U. & GOVERNMENT BONDS
High 102.22 102.18 108.11
Sio3e WAGON WHEAT ( . 102.18 108.11 100.5 1311 108.20 110. 119 11 ‘ t 103 10% 1n3 103 108 108 108 10
435-15
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Low 1956-54 03.. 1943-4) 1945-43 1946-44 1954.44 1947.43 1949.48 1952.47
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Cons Hs Cons
8.98
pf 108 106.13
{1R AR! \ 1285.80 108 12 10810
2
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Corn and Wheat Region High Low Official Weather 1932.44 LIBR ny
a } } oe . ' 0
LOCAL ISSUES
The following ountatians be the Indian. ‘apni Bond A: Bhare Corp. dn not repre. sent actual price sfferings. hut merelv in. dicate the apnroximate market level based on huving and selling quotations of recent transactions,
Rome Owners Amer Amer R Am Awvn
Pacific Nara alk T pot
5 LAFAYE ¥ BALE Hons IRIE RAVINE | Ine Vy athe 15 aa 260.323 NT rausths A { 2 In
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$1) 12 ¥ Be
N 3410
FOREIGN EXCHANGE
NEW YORK Aug 2Y 0 Falloving closing cable rates maior eur Cable Rates Nh A ad $4.03
State of weather | Cloud:
Precini tation
ev of Crk cunt Zeller Teller Sug
Pres
| Stations Notre Dame Angola Wheatfield Rochester Marion Latavette Cambridee City Columbus Vincennes Paoli Ft. Wavne
Crown Low
Crown Crown Cub-Am Cudahy canes curtis. Pah Curt Pub nt curtiss-Wy curtiss-\Wr A Cutler-Ham
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real
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The Automotive Armatu
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LOCAL PRODUCE
nents. 12¢: bareback hens, Leghorn hens 9c: bareback Leghorn Barred and White Rock spring ather 0 olor od heavy breed SHURE. Leghorn springers, 12¢; barebac 1d roosters, &¢ A large D di. medium esses, 13¢: No. 2 1le 1 991,630 bh J A AE J No. 1, 33¢: No 2 Jc prices by
¥ OOD th ES
CRICAGO. Aug °F Peaches Ceorpis E} bert ae _ Celery Anehigan Tomatoes N A Spinach . Lettuce—Cali2 EL "n Sneet Potatoer hy. S100: 8% Onfon May Ae caeke) fone Yellows, 82'%¢ Sueet Spanish $1 NEB Cail s—Sueet Spanish, $1.40,
Heavy breed
Se
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aunted
= mM % Bre: +3
Timer Michigan Celiorege cr feria CTATe: Yernis erates Terresiee
Sa Rl
|bon Chemical & Rubber Co.
the VRMOUS natural raw
0001 0001
2X14 . 2000 008%
ROSS THOMAS HEADS
Mex co (peso)
NEW RUBBER FIRM
" 29
NEW YORK, Aug. (UO. Pl Ross W, Thomas has been elected to! head the recently formed Hydrocar-| formed | jointly by the Phillips Co. and the B. F. Goodrich Co. to manufacture synthetic rubber, it was announced here today. The new organization opened its offices this week in Akron, O. It was formed to manufacture the principal ingredients of synthetic ribber developed by Goodrich from materials, par-
ticularly petroleum
| { |
HAYNES NAMED MANAGER PITTSRURGH., Aug. 27 U H. R. Haynes has been appoint. ed manager of glass block sales of the Pittsburgh Corning Corp, succeeding D.C. Burnham, who has become manager of plate glass sales of Pittsburgh Plate Glass
‘Co, it was announced today.
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Co $6 p ‘ & Mich Elec 7% Iu . 13nd Gen Serv 67, pf ‘ Ind Hvdro Elec 7 'a | dis Gas com Ind Hvdro “Flee “| | Indpls P&L 67, pid |Indpls P&L com “ans "a | Indpls Water 5% pre a! lincoln Nat Life Ins com 4/N Ind Pub Serv 5!'y% nt :|N Ind Pub Serv 67 pfd 'sa|N Ind Pub Serv 7% pid 34! *Progress Laundry com | Pub Serv vo of Ind 6° pfd... | | Pub Serv Co of Ind a" pid 12 (80 Ind GRE 4.8% Pla t | Terre Haute Elec pid 1 Hl {Union Title Co com ... [Van Camp Milk pd . Van Camp Milk com
Ronde
American Loan 5s 5) American Loan Ss NY Citizens Ind Tel 4'q8 61 Crabbs- Reynolds-Tavior 5= 42 oHme T&T Ft Wavne 3's Home T&T Ft Wavne 6: 43 {Ind Assoc Tel Co 3's 70 Indpls P&L 3'4s 70 Indpls Railway Ine St 8% Indnls Water Co 3':8 66 Interstate T&T §'os Kokomo Water Works 5¢ 58 Kuhnsr Packing Co dl: 49 Morris 8810 Stores 5s 50 Muncie Water Works 5s #3 Nat Silk Hosiery 85: 42 N Ind Ras Serv Fs RO |N Ind ] 41:8 88 Pub Serv of ‘Tn d 4s 30 Pub Tel Co 4'yc 58 9 [Richmond Water Wks 88 87... 1041; ta (Trac Term Corp 85 57..cevvens Tha
Finance Corp com .... a 9
568 8 15'% 53
DAILY
| Month
Indiananolis [erre Haute Evansville Washington
PRICE INDEX|
NEW YORK, Aug. 27 (U.P) .—| Dun & Bradstreet's daily weighted price index of 30 basic commodities, | compiled for United Press (1930-32 average equals 100): Yesterday Week ago ago YOR ARO coccssscesesnnsnns 1940 high (Jan. 2) 1940 low (Aug. 19) iienvvnnnes
U. S. STATEMENT
WASHINGTON. Aug. 27 UU P) —Government expenses and receipts for the ecurrent Ascal vear through Aug. 24, compared with a vear ago Thit Year st Year $1.300 076 OBR NR 81 i) 788 632.45 121 550 462 AAA 268.815.10 B56.519 7537.35 1! R36.383.507 33 9 331.808.074.512, 347.665.608.683 1.700 4.2 085.00 1 656.870 023 07 431.802.207.841 43 40 874.621.617 24 20,831,295 328.71 16,575.165.358 91 43. R70 5RR.N2 46.454 354.50
INDIANAPOLIS CLEARING HOUSE
Clearings . $2,138,000 Debits (iviiniriniiaarinsrenaanes 6,343,000
—~ Dane Tons mB
EE -
Cloudy
I
113.62| 112.88 | 113.56 103.12 | 123.34 | 112.42 |
SAREE RRR RR ER FARRAR RARER
CRANE
Expenses Receipts Gross Det Net Def Cash Ral Wark Bal Pub Dent Gold Res Customs
| NEW YORK, Aug. 27
|open an
® STORES IS HINTED
4 Possible establishment of a “Macy | chain” of retail stores throughout | the country was foreshadowed here | today in the announcement that R. H. Macy & Co. is planning to “experimental” branch out- | let in Syracuse, N. Y. Jack I. Straus, president of the company, stated that the new store | will be opened within the next 60 to 90 days and indicated that, if it| proves successful, it will be followed by similar outlets in other cities.
CHECKING
P.) | f
AUTOMOBILE INLAND MARINE
INSURANCE at substantial savings
WA-2456
ACCOUNTS
With Complete
(Commercial Banking S
LLL] 0
FIR TTR
ervice
TIONAL BAYK
napolis
Penneylvania and Market Sireete
CII A A NR
