Indianapolis Times, Indianapolis, Marion County, 27 June 1942 — Page 9

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SATURDAY, JUNE 27,

1942

BUSINESS

Wheat Storage Situation Now 3

Better Than Last Spring

By ROGER BUDROW THIS SPRING IT LOOKED AS IF much of our wheat

would have no place to go after harvest.

The agriculture

department and railroads, knowing that we had a two-year supply of the grain on hand, wondered what to do about this

year’s crop.

They and some grain men got together and put on a big drive to have more storage space built and, at the government’s request, adopted a permit system for shipping wheat. Now the word from the AAA is that it looks as if we will get through the harvest all right. It may be a tight squeeze but no wheat should spoil because there is no place to store.

The AAA did a big selling job on farmers, pointing out that Indiana faced a 12-million-bushel shortage of storage space. Since that time, it has appeared that rain, rust and Hessian fly will prospective 22,640,000 - bushel wheat crop. The AAA brought over 700,000 bushels of steel bin space from Illinois. It

reduce our

has ordered wooden bins to store 2,000,000 bushels more. Somewhere between 6 and 7 million bushels of storage space have been added by farmers, which | is precisely what the AAA wanted them to do. Because there will probably be | few places to ship the wheat to] for several months, farmers will have to wait for their money unless | they have taken government loans | and elevators will have to do without their commissions for a while. It will be hard on some, the AAA acknowledges, and some may get panicky trying to move their crops. Shipping can be done only by permit now and no shipping can be done unless there is space at the end of the line for the grain.

Roger Budrow

= = WHAT'S IN A NAME? A group of Wall Streeters have bought La Consolidada, a Mexican steel company, for about five million dollars, first American money to go into " Mexico since the oil expropriations in 1937. La Consolidada’s original name was Consolidated Steel Co., but the Mexicans couldn't pronounce that name and started calling it “La Consolidada.” So the company changed its name to fit the demand. n ” =

ANOTHER DIVIDEND CUT.

| subsidiaries in

traffic volume in its history,

International Machine Tool Corp. with plants here and at Elkhart, reduced its dividend from $1.60 a year to $1. As a result, its stock went down from $8.75 a share to $8.37. = = = ODDS AND ENDS: U. S. Industrial Alcohol Co. has lost three off its four tankers and must convert two and part of a third of its east coast plants to grain, because molasses can’t be shipped in. . . . President Juan T. Trippe of Pan American Airways didn’t receive any salary last year, according to the SEC, but bought 50,000 shares of the company’s stock at $12.50 a share when the market price was $16.44, so he could have netted nearly $200,000. . « « Spain-Switzerland trade. treaty provides that Spain will send resins, skins, wines, cork and pyrites to the Swiss, who will ship nitrogenous fertilizers, materials for the drug industry and machinery to Spain. . . « That 20-below-zero weather in January knocked La Porte county’s 50,000-bushel peach crop last year to a mere 100 bushels or less this year, the county agents estimate. . . » Morgenthau is listening to the compulsory savings advocates once more.

FOREIGN TRADE OF

ARGENTINA GAINS

BUENOS AIRES, June 27 (U. PJ). = The ministry of finance today | reported a substantial improv ement | in Argentina's foreign trade in the first five months this year. Imports for the period were placed | at 595,022,000 pesos compared with 412,082,000 in the corresponding 1941 period. Exports amounted to 725,571,000 pesos against 597,932,000 in the year-ago period. Imports of United States goods amounted to 215,788,000 pesos or 36. 3 per cent of the total while imports

from Britain were 103,960,000 pesos | Nash-Kelv | FoWest Bancp .

or 17.5 per cent of the total. Exports to Britain totaled 244.050,000 pesos or 33.6 per cent of all exports from Argentina and goods shipped to the United States aged Ug 241,573,000 pesos or 33.3 per cent CI the total.

CRANWELL SHIFTED

BY PENNSY RAILROAD :

! | Serrick SP

James L. Cranwell, superintendent mm of the Indianapolis division of the |,

Pennsylvania railroad, has been] promoted to superintendent of the Philadelphia terminal division, ef-| fective July day. Berkley Ward Jr., trainmaster of

succeed Mr. Cranwell here.

FORMER ODLUM AID NEW HEAD OF R-K-0

NEW YORK, June 27 (U. P.)—| Radio-Keith-Orpheum Corp. today | announced the election of N. Peter Con Rathvon as president to succeed George J. Schaefer. Mr. Rathvon formerly was associated for many years with Floyd B. Odlum and the Atlas Corp. which the latter heads. Mr. Schaefer an-

1, it was announced to- | & | *N Ind Pub Serv 6% pid. .

the Chicago terminal division, will Fup

| Home Ind

AT.&T. INCOME 1S GOING DOWN

Revenue From Dividends of Subsidiaries Scaled $21,000,000.

NEW YORK, June 27 (U. P)—

| American Telephone & Telegraph

Co.'s annual dividend revenues have been scaled almost $21,000,000 through dividend reductions by its the last six months, a United Press compilation disclosed today. Attention was focused on the | giant communication’s systems

its subsidiaries—in which A. T. & T. controlled 100 per cent of the common stock—reduced their dividends to the parent company. The Bell System has piled up a surplus of more than $375,000,000, and wartime communications demands have created the biggest but rising war taxes are now beginning to cut its net earnings.

Cc i ; Pub American Telephone, as the top| Curtis Fu of Be 12

company in the Bell System, receives practically all its revenue in the form of dividends from the sys-

FINAL X. Y. STOCKS

2 i 3

m Water W.. Am Woolen pf. Anaconda Armour Ill . Armstrong Ck.

At At A

At Atla

& &

Al Ami Bon Ami

Borden

Butler

Callaha

Canada Can

Pn Chrysler

Com Com S

Bore -Warner

Butte Cop&Z N Byron Jackson .

Calumet

i G WR earnings situation when three of Sh G WR Chi RI&P 6 pf. T-16

Comwlth

Caw I pf. tl Refining ... 35 Corp

Tack Aviation Corp .

2078 7 pf 10812 Br. 281 B... 3414 19% .. 23%;

Burroughs

Bros 21% 12% n Zinc.. V2 & H.. 6 Dry .. 103% Pacific 41s

Capit Fad pf A. 32% Celanese 2 pf.. 83

Celotex. ...-.,-- Lent Il Lt pf.. Cent RR_N. Cortain-ta, § 6 of 24

. 29%; . 9 23 dYe ‘pf 10% Tool pr 483%

Col & Aik "pf. Colum Gas .... Col Carbon .... 653% Com Credit Inv

“ee - 12%

Comw

Curtiss-

tem’s operating units, and the latest Be

dividend cuts make a total of seven subsidiaries which have slashed their dividends in the last halfyear at an annual cost to the parent company of over $20,800,000—more than 10 per cent of A. T. & T.s 1941 net income.

New York Started

Eri New York Telephone, principal ka

subsidiary in the Bell System, started the parade of dividend reductions last December when it cut the quarterly $2 per share rate that had been maintained since 1909 to $1.50 a share. All of New York Telephone’s 4213,000 common shares are owned by A. T. & T., so that the cut means an annual revenue loss of $8,426,000 to the parent company,

or 44 cents a share on its capital!g

stock. Other recent casualties

in the a

East El Paso

Eng P Eng P Erie

Fed Mi

Freept

Gar Gar Gen Gen Ge!

Bell System dividend list include |S: ET

Western Electric, which cut its quar-

terly dividend from 50 to 25 cents a share; Northwestern Bell Tele-

Ge Gen Re Gimbel Glidden Goodric

Kodak . Elec Auto

End Sopn

Fair Morse..... Fajardo Sug

Wood Ind Ww Am

..1293%, L...2

N Gas. 21% =

2 21% J 31's n&S

Fid Phen Firestone T ...

Francisco Sug .

Sulphur. 30 sili 25 Tl%

Ind pf Tr ... 33%

fract ... Bros ..

phone, from $1.25 to 75 cents; New Soogvea

England Telephone, from $1.75 to

$1.50; Bell Telephone Co. of Penn-|Gramman Air E Guant Sug pf Gulf Mob & Oh

Gu M&

sylvania, from $2 to $1.75; Illinois Bell Telephone, from $2 to $1.75, and Diamond State Telephone, from 50 to 433% cents a share.

Meet Aug. 19

In 1941, combined earnings of the Bell System applicable to the parent company’s capital stock totaled $191,770694 and A. T. & T. paid total dividends of $168,181,146 to its stockholders, maintaining the

annual dividend rate of $9 a share|;

that was initiated in 1922. At the annual stockholders meeting last April, however, President Walter S. Gifford warned the shareholders that the steady increase in taxes had made the outlook for | continuation of this rate uncertain. ess company’s directors meet Aug. 19 to consider the

dend, and Wall Street quarters are speculating whether the $9 divi-

dend will join the ranks of business 10

war casualties.

Chicago Stocks

High Atchison (u) .. 33% Butler B 5 cv pf 202 Comwith Edison 20% Gen Electric _u. 253% Kellogg Sw Bd. 7 McCord Rad A 14 | Muskegon M SA 221 10%

a). Roebuck 52 B 43% or 332

46 133%

Net Low Close Chugee +

Sears

g Ss Stee’ nith Radio ..

LOCAL ISSUES

Nominal quotations rurnished by local anit of National Association of Securities Dealers. Ask

Stocks . Stk Yds com .. R fd

“en

eee

29 93

| tha 1s. P&L Sie "ota sinune 5 {| Indpls P&L co | Indpls Water 5% pd . *Indpls Water Class A com. Lincoln Loan Co 5'2% pfd.. idhcols Nat Life Ins com . *N Ind Pub Serv 5!2% pid.

*N Ind Pub Serv 7% pid.. Progress Laundry com Pub Serv of Ind 5% pfd....... i of Ind Inc com.... d G&L 4.8% 2a Shien le Co co! “esrane ited a Co 5% pid... Van Milk pfd ...ceenee Van Samp Milk com Bonas Algers Wins'w W RR 4%S...... gmeican Joan 5s 3 Cent Newspaper 41 ie 43-51

{Ch of Com as 51... | Stizehe Ind Te =e 8 .

5s | Grab Re Home T&T Ft Worne sia T&T Ft Wayne 5s 43 Assoc Tel Co_ 3 pls P&L 3%s pis Railway Co Us 87

& By... 33 works 8 8... 97

caesenes

1B 108

of od

nounced recently that he did ir NP

wish to continue as president an ie ak este as diet

Hecker

Hires

Hudson

nt Int Int M Int Int Int Int T

Nic

Kroger

jagiede

or Mullins Murray

Pa Norihas

Parke Penn denn

Phillips

Hires © BS. ae

Ill Cent Ill Cent pf .... Ind Rayon .... Interlake Ir .. Int Business M.132 Harvester .. M Marine

Int T & T For.

Johns-Man . Jones & Lgh .

Kelsey-HayesA . Kennecott :

proach of the next quarterly divi- E

Pitts Boke Ir ites Stl 5 pf. ditts & W 8 ttston .

Oh pf 22

Hack Wat Harb-Walk ....

Prod. . ol L/

Motor .

57% 137 23% 6'4

ral .. .

45%

7 M & Chem a Ke: ...s

Paper Paper

a 2%

543% 18

54% 18% Salles 11% 11% 180 22 G & B. 25% a a. or 31% C oes

11% 11% 18%

22 25% 312

190s 2 4

Mont Ward Mor

Mig B.

Nash-Kelv

.. 10%

ci NS or Airl. 93%

Davis

Parmelee D

Pepsi Cola ere Mat

hilco Corp _.. hil ortis pf. .100 Pet

pf 58 20%

8y UNITED PRESS

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biEbEE 4 ERE

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SEER RED:

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ELEEE+: +

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+]: Gav paps

a a fd

elk FEEL

ga Se

a. NBN

= Fa

7{Un_ Pac

| Week AZO csveesvessesersees

hb United Gas. ...

ve Chrysler

+ Aviation Corp

8 Procter & G.. Pub Serv

| Union B&P

_[DOW-JON ES STOCK AVERAGES

. 30 INDUSTRIALS Today .............. Cessanis 102.67 40.13 Yesterday . cesssssnnssssecsss 102.54 —0.17 Week 280 ......ccco0000000. 10442 —0.35 Month ago ........eeee..... Holiday Year ago ........v.ic.x ... 123.40 —0.06 High, 1942, 114.22; low, 92.92. High, 1941, 133.59; low, 106.42. 20 RAILROADS 23.89 +0.11

Yestérday ......ocovveieis.. 23.98 40.28

‘THE INDIANAPOLIS TIMES

PAGE 9

PORKER PRICES = ARE UNCHANGED!

Top Remains at $14. 75 Here as 3000 Hogs Arrive At Stockyards.

23.57 —0.02 Holiday

Week ago Month ago .. Year ago High, 1942, 29.01; low, 23.31. High, 1941, 30.88; low, 24.25. 15 UTILITIES

etsierenanerncn

Today .... Yesterday

11.91 40.04 11.67 +0.07 11.99 —0.01 Holiday 17.86 —0.03

ssceesesssnscnsnce

Month 280 «..eoricevssnceie Year ago ......... wean arines High, 1942, 14.94; low, 10.58. High, 1941, 20.65; low, 13.51.

15 MOST ACTIVE STOCKS

Sales Net (In 100s) High Low Clase Change Erie Certific’s 55 6 578 5 N Y Central. . vw 3% 1% Columbia Gas 14 14% 18 Rev Cop & B 5% 4% 1% 33% 3» Int Paper ... 9 834 587 571: 363; 36% 253% 25% 2% 2% 23% 2% x 3-16 5-32 343; 34% 2M 23

i a 114 5% 33% 87% 587% 3634 251% 2% 23 ke 5-32 343; 234

Gen Motors. . Gen Electric. Gulf Mob & O Marine Mid’d Socony Vac'm Com & South Std Oil NJ ...

14 “ees 4 12 -—

Stock sales were 113,290 shares

| compared with 127,060 last Satur-

day. Curb stock sales were 28,665 against 18,120 a week ago.

Net Close Change 467% % 34 Ys

High Low . 467s 18%

Pure Oil

RA 4

Bon” Dist Sears Roebuck. Sharp & D pf. Shell Un Oil .. Simms Pet .... Skelly Oil Sloss-Sheff pf Socony-Vacuum So Am Gold . So Por R Sug . South Na Gas . South Pac South Ry ..... South Ry pf .. Std Brands Std Brands ph 9 Std Oil Ind ‘ Std ofl N'J coe 38 Stokely Br .... Sunshine Min . Superior Oil ... Swift Inti . Syming-Gould.

tH ir i +

+444:

b+ +:

Tenn Corp Texas Co

Twin Coach

Union Carb ... 6 Un Oil Cal.

ific : United Aircr. Un Air Lines. United Co pf.. United Drug 3a El Coal ... Eng&Fdy United Fruit .. Un Gas Imp .. Dist pf Gypsum ... Leather Leather Rubber .... Smelting Smelt pf

eel... ... 4BY Steel pf

ag AOD dc Wc RN

ey a

Vanadium Van Norm Mch 77% Van Raalte pf 114% Victor Chem .. ; a

8| Vva-Caro Ch

Va-Caro 3 31% a P 6 pf 114% Virginian Ry pf 28

Wabash pf Yalgreen Walworth Warner Bros

as | Warren Br

26%

Warren Br pf.. 32%

Waukesha Mot .. W Pa P pf

Warren Br pr ct 57 White Mot .... 12 3,

Willys Overind . Willys reo pt. Wilson J ttn Wrigley

ERLE

Yale & T ...o0 19% 19%

Zenith Rad .... 13% 13% 13%

U. S. STATEMENT

WASHINGTON, June 27 (U. P.).—Government S¥penses and receipts for the current fiscal year Yarough June 25 compared with a yeas 20

This DxDenses. $31, 704, 421 is. 2 52 sit Sao 843. 8 WarSpnd 233 2,024,077.8 ,295.68 Receipts. Net Def. . Cash Bal

1, | Work Bal

/s | Pub Debt

Oe a

-- Aa

- a

3 >

pe Noi No

EE rr]

Gold Res 22,735.176.657.22

INDIANAPOLIS CLEARING HOUSE —Today-— Clearings ...........c...cosevvss $ 5,143,000 Debits

10,418,000 $23,454,000 58,921,000

Government Bonds

U. S. GOVERNMENT BONDS I'reasury Bonds Net Low Close Change 107.14 107.14 ne 20 110.20 110.21 20

High 107 51 110. 20

4s 1954-44 —8

3s 1955- =51 ..... 110.0

FOREIGN EXCHANGE

ing are noon closing cable rates on major currencies: Cakle Rates Net Change 4.04 0

England (pound) N +.00 Conan (dollar) 0A +.00%

Mexico (peso)

Auto Engineer Scrapping

is “vital” to the continued operation of the country’s 32,000,000 vehicles for the duration of the war.

Pointing out that less than 8 per cent of the vehicles now in use are 1942 models, Mr. Roos warned that “if we are deprived of the means of replacing broken or worn out parts on the older model trucks and cars now in use, their mortality rate will be high enough to seriously imperil our war effort.” The tools and dies which would be scrapped under these recently advanced proposals, he said, have only a “very small” worth as salvage, but have an “incalculable” automotive service value.

*| Good and choice ..

8 while canners and cutters firmed up

22,620,201.575. 05 hi

NEW YORK, June 27 (U. P.).—Follow- |

% TOLEDO, June 27 (U. P.).—Proposed plans to scrap all the tools and dies now held by automobile manufacturers would cripple half the nations’ transportation facilities and would create serious unemployment : in the automobile industry during the post-war period, Chief Engineer Delmar G. Roos of Willys-Overland : Mr. Roos asserted that preservation of the industry's service tooling

with the top holding at $14.75, the agriculture marketing administration reported. Receipts included 500 cattle, 25 calves, 3000 hogs and 25 sheep. The top was paid for 200 to 220-pound-

HOGS (3600)

Choice —-

160- 200 pounds Packing Sows and ChoiCems

360- 400 pounds .....eceveuee Good360- 400 pounds 400- 450 pounds ....ecveene.. 450- 500 pounds ........ Medium 250- 500 pounds Slaughter Pigs

es issrancnn ce

esas

Medium and 90- 120 pounds . [email protected]

CATTLE (500) Slaughter Cattle & Calves Steers

sree veess.$13.50@ pounds .......cceeeve 13.50@ POUNAS .scevvnsasses 13.8 Hn pounds ..eievesscees 13.50

Cholce— 750- 900 900-1100 1100-1300 1300-1500

Good750- 900 900-1100 1100-1300 1300-1500 Medium 750-1100 1100-1300

vessssnsssses 12.50 vesssseensss 12.50@ cessssnsessss 12.50 tessessesesss 12.50

pounds pounds . pounds pounds

veessssasess [email protected]

pounds [email protected]

pounds

Common — 750-1100 pounds ...... veeens. [email protected] Steers. Heifers & Mixed [email protected] veers [email protected] Heifers tessescssers [email protected]

Choice500- 0 pounds Mediu 500- 750 pounds Choice— 750- 900 pounds Good750- 900 pounds ....seeees00. [email protected] [email protected] [email protected]

sesec estes

2 tie 500- 900 pounds mor 500- 900 pounds

11.00 10.0

"Bulls (all weights) (Yearlings excluded) Beef— Good eeeses [email protected]

. sy

[email protected] 8.75@ 9.75

CALVES (25)

Vealers (all weights)

common and medium ull 7.50@ 10.00

Feeder & Stocker Cattle & Calves Steers Choice 500-800 pounds 800 -1050 pounds

ood “500- 800 pounds 840-1050 pounds Medium: 500-1000 pous.ds Common - 00- 900

. [email protected] « [email protected]

. [email protected]

pounds [email protected]

Calves (Steers) Good and Choica500 pounds down Medium 500 pounds down Calves (heifers) iond and Choice500 pounds down Medium—

[email protected] [email protected]

[email protected]

Hog prices today remained at the |; highs established here yesterday 1

Curb Stocks

Net Close change

+ % +1 | Bab & Wi

T L&P .. i, Corp ... Brewster Aerc . Carrier Corp .. | Cities Dery evi Col O&

—- . (a

Pantepec O Pennroad

ON THE

TOMORROW 2:00—N. Y. Symphony, WFBM. 2:30—Army Hour, WIRE. 4:00—Family Hour, WFBM. 6:00—Burns & Allen, WIRE.

JINX FALKENBURG, the glamur girl who makes Hollywood movie en sign her to contracts, commerial artists to go slightly mad and oldiers and truck drivers hang up agazine cover pictures of her, will ~ visit Bill Stern tonight. Jinx, who also happens to be a tennis and . swimming whiz, will be on the

FLT

oily .... Technicolor ... Un Lt&Pwr

Un Shoe Wright i Hare |

STOCK MARKET | IN DOLDRUMS

Many Lending Jes Issues show On Tape Only Once; Bonds Quiet. (

NEW YORK, June 27 (U. P.). —Trading on the stock market dwindled today to one of khe lightest Saturday sessions since tthe first World War. Prices moved §ir9 | regularly in a narrow range. In many instances, leading issues appeared only once on the tape. Many failed to make an appearamce. § meta ions were very small with a few exceptions such as Chrysler, en opened at 57%, off 11, jand then regained nearly all the decline. General Motors made a minor gain. The few features besides Chrysler included National Lead preferred A stock, which gained 5% poinps to 157; American Woolen preferred, which lost a point to equal its low at 54; Newport News Shipbufiding preferred, which lost a point to 99, and United Fruit and Air Produc. tion, up a point each. Farm and mercantile issuesj were narrowly irregular. Oils made small gains. Tobaccos and utilities. held

: :

?laround the previous close.

Bonds were quiet. Rails registered some improvement, notably second grades. Most commodities registered. minor advances in dull turnover.

HOUSE ACTION ol

T0 HELP GRAIN PITS :

CHICAGO, June 27 (UJ P.). Overnight news that the house had voted down the senate-supported farm bill provision on below-parity sales of 125,000,000 bushels of surplus wheat failed to check the week’s downturn in grain prices on the board of trade today. Wheat finished the day % to 3 cent a bushel lower, coria % to in cent lower, oats off % ti 3 cent,

[email protected] | (25) |

500 pounds down SHEEP AND LAMBS

Ewes (shorn)

| Good and choice Common and choice Shem Good and choice .. Medium and good . Spring Lambs Closely sorted Good and choice Medium and good Common ....

CHICAGO a

Hogs—Receipts, 500; all week-end Ss plies comprise mostly sows and low-grade ogs opening with a steady undertone on $14.70; for the

5.00@ 6.00 4.00@ 5.00

nels. 2 50@11

all classes; quotable toe, week hogs to t $14 in 16 years; cents durin 20 cents, while sows moved cents, closing up to $14.15. Cattle—Receipts, 100; calves receipts, for the week fed steers predomiin better than 40,000-head crop for Dat fifth consecutive week, were generally steady to 25 cents lower, choice weighty steers showing the decline; the week’s top on prime 1353-1b. steers was 3 50; cows were scarce, closing weak up to 8 oh 0 heavy sausage offerings closed at $11.75 after a top of $12; vealers became scarce and gained 25 to 50 cents, choice kinds reschin > .25 and selling freely later up gL 200: for the week spring lambs closed strong te mostly 25 cents higher, choice native springers bringing 15.90 and others downward from

p 13.35; g00 California Springer topped. at $15.25; most fat ewes were up to $6.

OTHER LIVESTOCK

FT. WAYNE, June 27 (U. P.).—Hogs— 200-220 bs., }- Ss

5 3 S., 50 $1 ; 100-130" fo Rs, 25; roughs, $13. 50" stags, $11.75. Calves, $14. Lambs, $14.50; yearlings, $9@12; ewes, $5.

LAFAYETTE, June 27 (U. market steady: br 1s, PERT Hari 13.75 "down. Calves,

P.) Hog [email protected]; 0 OR 50 to BS $1350@ 14. foughs.

LOCAL PRODUCE

Heavy breed hens, full-feathered, 17%e; Leghorn hens, Broilers, 2 Tor Ha over: colored, 20c¢; white and barred rock, 21c; cocks, llc. Springers, 3 lbs. and Syer: colored, 22c¢: barred and white rock, All No. 2 poultry 3 a less Feds—Ourrent receipts, 54 Ts. and up!

Graded Eggs—Grade A. large, 31c; grade A smeajum, 29c; grade A small, 26c: no

grade, 2 6c. Butter—No. 1, 39%@ 40c; oa: 2. 37%@ 38c; butterfat, No. 1, 350; 2,

rices on produce delivered ‘at Indianapolis, quoted by Wadley Co.)

Objects to Tools and Dies

Motors predicted today.

workers during at least the first post-war year. “During that time while the companies are retooling and rearranging assembly lines,” he said, “their gigantic . plants, now considered the backbone of our unparalleled armament program, will be completely shut down in all departments except tool engineering and alteration. “Such a prolonged interruption in our system of mass production will force America to relinquish to other nations of the world the lead she i automobile starting on|R

up 10 to 15 De

Oct a Dec..

ployment for 500,000 automobile oli;

3g cent, barley unchanged to 1% cent lower, ard soy{beans 1% cent higher fo 3% cent ' lower.

4 rye off 4 to

RANGE | Wheat—

Open July. .$1.16% 0 sent. 1.19% Dec... 1.23

Corn— July.. .86

Sept.. .89 Dec... .913% Oats—

Low {Close $1. 15%, 1.1534

1.167% 1.18% [1 18% 1.22 | 122

High $1.167s

1.19% 1.23% 30% . 8512 .88% 91Y,

.86Ys .89 917%

4734 47 .48% .43b 51% 59% 303%

637

667s 10%

Soybeans— xJuly. 1.75%

July.. .64

Sept.. Dec...

63% .63 67 .66 10% .10b,

1.75% 1.74% His

BJUIY. ....; Oct... 1.74% Lard—

July. 11285 0 “

Eig 7612 1.74% rrp | we . 1M5%b 1

12.65 12.65 Tae) nil 1282 12.32 128% 12.832

Barley— 58%

July. . 55 32 3 % .59 Sept. 59a PAsked.’ 5 Bid. 3 Pond. 3 New.

.59 n Nominal.

CASH Wheat—No. 2 red, $1 2: No. 2 hard, $1.15; Has 2 gused. $1. 2} Corn—No. yellow, 6c; No. 2 yellow, 8594 @ 86Vac: No» a“ yellow. Se @85%c; No. 4 yellow, 84%@ Je yellow, 82@ 84c; No. 1 white.” Yous No» 2 white, 98c; No. 3 white, 97c. Sovbeans © No. Jo oir in yellow, $1. Lar 73Y, $1.67 No. 2 mixe 1.60." Oats— mixed, | 49Y: @49%c mixed, Vea dgThe: white: 3 148% @49%c;

0%c: No. white, phite. 48%c: No. 1 mixed. extra

No. 3 yellow, £53 a ave

73e: joed, 50@p58cn Mooce,

Rye—No_sales Barley— Maltin, 65 od ia $15. Tibbs 1941

Cash Provisions —L $11.90b; leaf, $12. tierced lard. $12. an. |

LOCAL \GRAIN

CABH

Wheat—Easy; receipts, 3 cars; No. 1 red, [email protected]; No. 2 rei, $1. [email protected]; No. hard, $1. 08@1. 09; Nod ha hard, ah al 08.

Corn—Easy; receirks No No. % a, 76% @

vellow, 79V;@80%c; 783;c; white corn, @11%c over yellow; No.

mixed corn, 1@2'%c ig yeliow. Oats—Weak; receipts, 5 cars; white, 46@47c; No. 2 red, 457 @ 43%. Soybeans—Ea Hi receipts, 1 car; Indiana No. 2 yellow, 16901 .68; Illinois No. 2 WAGON WHEAT

yellow, $1.64@1. Up to the close 'of the Chicago Market today, Indianapoll flour mills and grain elevators paid $1. per bushel for No. 2 fed wheat (other :graues on ther merits). 1 yellow she led corn Ret ite Shelled OTT 88c;

No. 2 and No. 2 red oats,

bushel and No. oats.

white

Incorporations :

Morrison Sylverthorn Corp., Frankfort; dissolution. Lifetime Inconse, Inc., 719 Guaranty bldg., Indianapolis: agent, P. J. Beckner, same address; 2000 shares common without par value; insurance agency, ad A. White, Joseph J. Davis, {P. J. Beckne Overland Freight Lines, Po Indianapamendmen increasing capital stock 000 shares ni par value vation * Shub, Inc., Union stock; A. D. Jefferiss C ay Warren and other Standard Houges Corp., Iilinois OrpOY a tion; withdraw The Kendall) ‘Co., Massachusetts corporation; amendment of articles of incorporation. Duncan Electric Co., Lafayette; dissolu-

ion Dines Relief Post 2536, Veterans of Foreign Wars fof the United States, 202 E. 11th st. Michigan Sty: no oa pital stock; Frank J. Miller, Max Kent, Floyd

erham Jr. Corroon & ynolds, Inc. Jndjgnal ho

Delaware Ob change of Edward 8S. McMahon, Illinois bldg dianapolis. Rochester Defense sorb. New York corporation: merged into National Poster Meter Ing., laware corporation, Vigo County Purchasing and Marketing Association, e Haute; no capital stock; 8 McPheters, James Shelburne and ot ‘Owen Co Pur hon

_enjoy the

Robert Smith Gordon and Marketi asing g* capital io

hb i —- Eon ahi Oh

§ sportscaster’s program at 9 o'clock on WIRE. Alex Taggart, chairman of the . war price and rationing board, will | Miss Falkenburg be interviewed at 5 30 p. m. Monday on WFBM. The interviewer will cover the procedure jin receiving sugar for canning purps + « « Eric Sevareid, 32-year-

# 2 =

RADIO

old CBS correspondent, heard in a new series of news broadcasts tonight at 7:55 o'clock on WFBM. His series will be heard each Saturday and Sunday at the

| same time.

“A Day in the Life of an Aver:

age German” will be told by Rich=

ard C. Hottelet, former United Press correspondent in Berlin, in

will be

another in the series of “This Is

Our Enemy” at 9:30 p. m. tomorrow

on WIBC. .. . Jeanne Cagney, who

is - appearing with her brother Jimmy in the picture “Yankee Doodle Dandy,” will bring her col=

lection of theater slang to “Hobby

Lobby” at 7:30 o'clock tonight on WFBM.

MILK SALES INCREASE NEW YORK, June 27 (U. P.).— Fluid milk sales averaged 7,902,768 quarts daily during May, an increase

of 6.97 per cent over the year-ago

average of 7,387,539 quarts, the Milk Industry Foundation reported today. The foundation’s figures are based

on reports from leading distributors i

in 152 domestic markets.

THIS EVENING

(The Indianapolis Times

WIBC 1070 (Mutual)

Concert Tunes Concert Tunes Concert Tunes Concert Tunes

N ews-Music

WFBM 1260 {CBS)

Consiance Worth Week in Business Pop Time Gilbert Forbes

People’s Platform People’s Platform :30 World ews :45 Modern Music

:00 Guy Lombardo

Allan Allan Roth

Dick Kuhn pert Wilson

erenade Inside Sports Am. Eagle's Club Am. Eagle's Club

Calif. Melodies Calif. Melodies

WD Loe oC bt oo a owe

“1-3-3 DRND Sanoan Wb i ans lw EE cow

American Melody American Molosy American Me!

WIBC Jamboree WIBC Jamboree WIBC Jamboree WIBC Jamboree

Music After 0 Ozzie Clark. Leonard Keiler Leonard Keller

Ted Wee

30 Ton " dont :43 Frazier Hunt

Gilbert Forbes Dance Orchestra Sandman 5 Sandman

:00 Abe Lyman :15 Abe Lyman 1:30 Jerry Wald 1:45 Jerry Wald

HER o000 |[vvn®D | nemo

Parte | et iaie

Dick Stabill

Sportsman's Hour Roth

American Melody

ody

SUNDAY PROGRAMS

is not responsible for pa uranc Bie aouncements caused by station changes after press tim ge les in Drofeem

WIRE 1430 (NBC—Red)

Tennis Tourney Tennis Tourney Hotel Musicale Alex Dreier

Golden Melodies Dial & Dan Arms for NV iotory News Dick Re ed News Quirks

Webster “says Israel’s Message Webster Says Israel's Message Basonology News Luke Walton

Ralph nox Abie’s Irish Rose [Baseball School Abie’s Irish Rose [Baseball School Truth — Swap Night Swap Night

Truth Or— Barn Dance Summer Symphony Barn Dance Summer Symphony Barn Dance Summer Symphony News Analyst

Barn Dance Bill Stern Bob Riple; Labor-Victory Sob Ripley S. Marines

Arthur Jordan Star Final

Arthur Jordan Dick Reed Carmen Cavallero Nelson Olmsted Carmen Cavallero Starlight Trail Song of Islands Starlight Trail Life Program Ni

Sammy Kaye ews Sammy Kaye Freddie Martin Reggie Childs Del Courtney Reggie Childs Del Courtney

WISH 13810 (Blue Network) Lou Breese Lou Breese

ionell Hampton jionell Hampton

Dinner Music Scoreboard

WIBC 1070 (Mutual) Gospel Hour Gospel Hour

Israel's Friend Jones Choir» Calvary Calvary

WFEM 1260 CBS)

:30 Timely Tunes :45 Timely Tunes

:00 World News :15 Timely Tunes :30 Timelv Tunes 145 1 Discussion

) Church of Air Church o! Air Cc. M.

Be | eed

Tomorrow's Voice Southland

Bible Class Bible Class Music Salon Les. Huff

Contrasts Capital Capers Caesars Songs

coo |wowe ond Endfond | Q

M. B. You and War 5 Melodic Moments

1:00 Golden Quartet 1:15 Woman Power i 30 Salt Lake Choir :45 Salt Lake Cnoir

0 Gilbert Forbes U. S. Marincs

BD | dD

Noondav Just Mary Rudy Bariy

ok pt bh tk pd fk pk pt pt pt pt

BDO NIN ps o> =D =e ow

News 45 At the Zoo Spirit of '42 Spirit of '42 St. Louis Opera > St. Louis Opera

. Symphony . Symphony . Symphony . Symphony

Week's Hi-Lites Williard Trio

dee | ooUwo +

Boy, Girl, Boy, Girl, Band Carl Hoff : Carl Hoff

ICICTCINS a LD 5853 2222

Many Land’s Music Many Land’s Music

gs W. S. G. Tabernacle! Services Rhythms

ruvorite Orchestra

“Band

WIRE 1430 (NBC—Red)

String Quartet String Quartet

Ford Porter Ford Porter Church of Christ Church of Christ

Hartzell Wilhite Hartzell Wilhite Indiana UO Indiana U

News Rockies Rhapsody Sunday Sunshine Sunday Sunshine

Sunday Sunshine Sunday Sunshine Services

WISH 1310 (Blue Network) Garfield Church Garfield Church

Tabernac! Tabernac. Tabernac: Tabernac.

Gospel Muse Preferred Preferred for * Bible eis 101 Bible Class

Christian Science Hallelujah American Riview American Review

American Review American Review Music Music Hal Hall

Music Hall

Pete French Bob Becker Modern Music Modern Music

Frankie Parrish Sammy Kaye Round Table Round Table Yest. Music Upon Close Army Hour Army Hour

Life Program Life Program Yest. & Today Yest. & Today

News Analyst Marvel Music Sunday Fun Sunday Fun

Serenade Old Refrains Your Navy Your Navy

America Sings America Sings Montezuma Montezuma

N. Y. Symphony’ N. Y. Symphony Refreshing Music Refreshing Music

Family Hour

POoUO | QUO

William A "Shirer

This Is London Bob Tucker Gene Autrv Gene Autrv

Production V Production

Double « or Nothing Double or Nothing

Army

News Army Army Review

We Believe Army-Navy We Believe Army-Navy A ——n e— | = ———— Dear Adolf Emile Petti Orch.

Hawaiian Music Emile Petti Orch. Free Lan Steelmakers

Free pands Steelmakers Three Favorites Paul V. McNutt Three Favorites Paul V. McNutt

Mrs. Meets Mike Pearson-Allen News Highlights Sports—News

Gene Autrv Serenade We the People We the People

Prophecy Prophecv Bert Wilson Magic Music

Victory Parade | War Journal Victory Parade War Journal Bandwagon John Freedom

Bandwagon John Freedom

World News Air Forum World News Crime Doctor

> Crime Doctor ) Pred Allen

Bf :30 Fred Allen :45 Fred Allen :0 :1 :3

OUND | OVO | OoUo

ru Gabriel

Revival Revival Revival Revival

Church Church Gur Enemy Our Enemy

> ad

0 Take It Leave It Take It Leave It 0 Burns-Allen :45 Burns-Allen

10:00 News 10:15 Bobby Byrnes 10:30 Masterworks 10:45 Masterworks

:00 Dance Orchestra :15 Dance Orchestra :30 Carl Hoff :45 Carl Hoff

ovao 00 on

Bill Mun Answering You Answering You

Old Refrains

WeEd 1260 WIBC 1070 Ms (Mutual)

Harpo-Tiny Morning Prayers

Get Up & Go Get Up & Go

6:30 nk So 6:45 Rhythm Reville

7:00 Early Birds

News Roundup Haymakers : Bandwagon {45 Harvey-Dell Leary Family 18 Valiant Lady 5 Stories 30 Stepmother loday’ s Band

10:00 To oday’ s Band :15 Fletcher Wiley 30 Bright Horizons i Aunt Jennv

0 Kate Smith i Big Sister :30 Helen Trent :45 Gal Sundav

:00 Tune Review :15 Gilbert Forbes 30 Farm Circle :45 Farm Circle 00 Dr. Malon 5 Joyce Jordan 30 Love and Learn :45 Woman in

2: 100 David “Harum

DW ‘3 Bob Gayle :45 Star a

:00 Rhythm & Song :15 Rhythm & Song :30 Civilian Defense

Friendly House Friendly House

Friendly House Charlie Blue Mt. Frio Life’s Mirror,

Cornhuskers

Hi Sailor

We Americans Hoosier Request Hoosier Request

nite

Ranch Hands Ranch Hands Less Huff Gang Less Huff Gang __

Sunshine Special Harpo-Tiny Leary Family Leary Family

Brite Spots Hymn Time Buy Bonds Today Buy Bonds Today

Sis D Bag

} U a Genius? :15 Are U'a Genius? :30 Sing Along

4:45 Ben Bernie

P. M. 4:00—Charlie Spivak i 15—Charlie Spivak 4:30—Trading Post 4:45—Inside radio 5:00—N

eighbor

8: 00—Night i est 6: 15—Dr. Joe. Smith

M. bln uartet Sing Suarist

Hi Burepea: C 0—Roadside C {35—Roac Side Ch i00—

Inside Radice Jo Sonther ar JY adows res

ckies 10: 10—Neighbors.

10:45—American Youth

€ 6:30 6; d—gruth

7: No —Ghariie

: a 1:00—Paul Arnold

Navy Personalities dy

News—10th Jonion

MONDAY PROGRAMS

Buy Borids Today Buy Bonds Today

News Old-Time Jamboree Old-Time Jamboree Old-Time Jamboree

Hoosier Request

War Bond Rally War Bond Rally

’ ior

3 t ersleeve :45—Great Gildersleave 5:00—Vic. Parade :15—Vic. Parade 0—Truth Or

Or— e McCarthy

MONDAY PROGRAMS

10:00—~The Bartons

Charlie McCarthy | Lommy Dorsey Charlie McCarthy | Tommy Dorsey One Man's HFamily| Inner Sanctum One Man's Family| Inner Sanctum

Manhattan Walter Winchell Manhattan Parker Family American Album Jimmy Fidler ° American Album Diane Courtney

or — Hour of Charm Goodwill Hour Hour of Charm Goodwill Hour Information Time | Goodwill Hour Olive E. Tinder Goodwill Hour

News Forecasts Saerchinger Starlight Trail Starlight Trail

Alex Dreier

Reggie Childs Reggie Childs

New Gra 5th Pst. Baptists 25th St. Baptists

New, a *Mcshann Horace Heidt Horace Heidt

WIRE 1430 (NBC—Red)

Dawn Patrol Dawn Patrol

WISH 1310 (Blue Network) Pioneer Sons Morning Mail

Morning Mail Morning Mali Morning Mt News

ast Clu

Musical Clock Ralph Kn Shopping Schoo} Shopping School 3

Bess Johnson Bachelor's Child Helpmate

News Buddy Cole Home Forum Mary Marlin Star Parade

The Bartons Second Husban Vie & Sade Honeymoon Against Storm John's Wife David Harum Just Plain Bib

Singin’ Sam Keyboard Rhythi Serenade Market Reports Lone Journev Farm-Home Eatitorially Farm-Home Livestock

Farm and Home yal Selritne

News Peoples Man Drug Program Drug Program

Lost Legion Ted Malone Navy Salute Jack Baker

Prescott Presents Prescott Presents News & Seam Broadway

Street Sin Club Matinee Club Matinee Club Matinee

Air Corps Band The Sea Hound Flying Patrol Merry-Go-Round

Frankie Parrish Jom ve

Lind Hea he in Harmony

Editor s Daughter

Mary Marlin Ma Perkins Pepver Young | Happiness

Backstage Wife gels Dallas

Lorenzo Jones Widder Brown

Girl Marries Portia

Serenade Town Gossip

WLW SATURDAY PROGRAMS

:15-=Labor Victory :30—Victory Salute ’ Son; bum 00—Crelghtons 0:15—Creightons . : )—Louis Armstrong 10: irt Farber Las Thompson —Lang Tompson

:45—Moon River

SUNDAY PROGRAMS

HI5~William Hessler

7:30—One Man's Man's

ews {05— Deke Mo :00—Deke Mo e Mo 30—Moon River 45-—Moon River {00—Dance Time :15—~Dance Time

2:30—News-Dance 2:45--Dance Time

3 1630r

Fr pt et Fd hh fk kh eh Bek Ft ed pet

McCarthy

1:30—Guidin; ht L 48—Church She