Indianapolis Times, Indianapolis, Marion County, 18 July 1942 — Page 4
"FINAL N. Y.S STOCKS
By UNTTED PRESS DOW-JONES STOCK AVERA
STOCK MARKET |
-% beces 107.88 - : Brewster i (ba ooo dato oe Wall Street Watching Tax, |[Bumker alias ‘sx Inflation Moves More
Month AGO .cocsesccscccccss 104.42 Carrier Co ne . Yo | Year ABO ..o..eociiriienn.. 127.98 Cities Serv § pt. 41 41%, Of 10 Million-Ton Goal High, 1042, 114.22; low, 92.92. gay Te a ’ at High, 1941, 133.59; “low, 106.34. ] Amerada, Pet .. 54v, 20 RAILROADS Vickery Reveals. fo aS Today , 2.00 Than War. Duro Test... m Can Yesterday ccvcooscecccccecess 26.61 : i Dist" 6. PY 9, ::t | Week ABO .erreerieresreriss. 25.70 NEw YORK, July 18 (U. P)— m RAL pf 3% a Prices for hogs remained generally Hide&L pf. 34 Month AgO ...cocccescccecs., 28.57 Week-end evening up operations to- ot the same as yesterdas h = Phan 2 YOAPOAUD xr ricaevrren to 3951 day left the stock market about|Gt A B pl 6 ma y y as the In 4 Zin dianapolis stockyards today, the unchanged on balance from yester-|gecia Min ... . day and slightly lower than the Humble Oil "y, |agricultural marketing administraclose last Saturday. ke sn uo Ts ow ew I ition reported. Industrial and railroad averages if ie 4 % I 15 The top remained at the 16-year eased slightly while the utility e .--,, |record of $15 for good to choice 220
PORKER PRICES ARE UNCHANGED
16-Year Record Top of $15 Holds at Stockyards; 1500 Hogs Arrive.
* Net High Low Close Change
se Bn
SHIP BUILDING ABOVE SINKINGS -
United Nations Have Large : Lh Production Now in Excess A
Investment in Middle East
eee By ROGER BUDROW eee
3 EVERY DAY THE NEWSPAPERS point out that the| * Nazis pincers in southern Russia and northern Africa
threaten the big oil fields at the east end of the Mediterranean.
Aside from the military importance is the economic importance of these oil fields and other allied investments in this area. This country has about 70 million dollars invested in the Middle East, most of it in the Mosul oil fields
in Iraq. That 70-million figure was the last published, three years before the war. Since then the Texas Co. and # & =» Standard Oil of California spent| BEMIS BAG CO employees here large sums developing new oil fields| hate the Japs worse than the Nazis, along the western [judging from war slogans they shore of the|turned in. The Nazis were menPersian Gulf, tioned in only a few of several Americans are| hundred slogans. on the united na-| Best of these were short and to tions commission |the point, including “The Will to which operatesiWin Will Win the War,” and the Trans-Iranian , “Speed Up Production—for Jap Rerailroad and|duction” and “He Who Relaxes American Export |Helps the Axis.” Fred Henselmeier, Lines before the [Miss Della Tucker and Don Sconce, war had built up respectively, turned in these wina regular shipping | ers. service from New York. Along the Red Sea is a tank and plane repair base (where, incidentally, some of Allison’s finest repairmen are believed stationed).
Germany also would be nter- , ested in the great supplies of « eotton in warehouses at Alexandria and elsewhere. The citrus fruit industry, particularly in Palestine, has been built up in recent years with large investments. There are some areas rich in minerals. Vegetable oils and fats, a third group of commodities which the Wehrmacht needs, are produced in this area. Thus it is a.rich economic prize that Hitler's troops are pressing for.
esssssctnecee
SEATTLE, July 18 (U, P.).—Ship production in 1942 already is in ex- 3 cess of the 10,000,000-ton quota set by President Roosevelt and is out-|4 stripping the nation’s merchant ship losses from enemy submarine action, it was disclosed today. Rear Admiral H. L. Vickery, vice chairman of the U. S. maritime commission, who yesterday presented the Webster-Brinkley Co. with a Burgee-pennant “M” for outstand- yr ing achievement, said American shipyards in 1943 will build enough vessels to replace all united nations’ losses. He said July figures indicated the nation was 2,000,000 tons ahead of schedule for 1942. “Ship production is already out-|atchison pf .... stripping American merchant ship ad C Line..... losses,” Admiral Vickery said, “and : I'm confident we will turn out|Aviation Crp. enough vessels next year to counteract all inroads made by submarine attack on united nations’ shipping.” If materials could be spared for the program, he said, it would be “perfectly possible” to turn out 25,000,000 tons of shipping next year— more than the entire British merchant fleet prior to the war. Admiral Vickery believed there was small likelihood that wooden shipbuilding would be revived, but revealed that large sea-going concrete barges with a capacity of 50,- Ba M. 000 barrels and towed by specially |Burroughs constructed steel tugs, soon would [Butte cons z be in operation on the Pacific coast |Byers, AM .... for transporting fuel oil and gasoline from California to the Pacific northwest and possibly Alaska.
RETAIL SALES FELL 2 PER CENT IN JUNE
WASHINGTON, July 18 (U. P.).— The commerce department today estimated that retail sales in June were 2 per cent below May figures for June, 1941. Dry goods and general merchandise led the retail trade with a gain
+1
Yesterday ....oecs00000000000 11.80 Week AGO .:ccosseccscoassecss 12.00 Month Ago peesertesionanians 11.99 Year ABO ..%ciecectssccccans 18.51 High, 1042, 14.94; low, 10.58. High, 1941, 20.65; low, 13.51.
High, 1942, 20.01; low, 23.31. High, 1941, 80.88; low, 24.25. 13 UTILITIES N a a er. bor [to 330-pounders. Sows sold from issues. Among leading issues, net X + oh 9% 1181335 to $14. Receipts included © |changes generally were fractional Ya Ya .... |1500 hogs, 200 cattle, 50 calves and 15 MOST ACTIVE STOCKf |and éven special shares failed to % Z""3|25 sheep. Sales tt !develop outstanding features. 135 a y n (In 100s) High Low Close Clg: Market psychology just now is HOGS (1500) 3,1 alley. C pt. 20 1514 18% seen as more bullish than bearish
. Good to Choice— Pepsi Cola Io, m% ¥ with the future depending upon GR AIN PRICES CLOSE 12- 10 Pounds IR I 160- 180 pounds ..
Chrysler ..... 18 62% 6134 ability of the administration to ud
t|Com'th & Bo 18 7-32 7-38 180- 200 po .. .. |Std Olt N J.. 17 31% 31% + 3% [control inflation. Wall Street ex- 200- 220 pounds s |General Elec. 18 21% 21% + % |perts said traders are watching the LOWER Al CHIC AGO 220. 29 pounds ces United G Imp 16 3% ‘3% | ----ltax and other domestic news more ‘ 2170- 300 Pounds lit earien "| carefully than war developments, CHICAGO, July 18 (U. P).—| 330: 330 Bounds : 1; {which for some time have been ig-| Hedging, scattered liquidation and limited demand caused grain prices
3 |Gen Motors. 15 30% 38% 38% Medium— nored as market factors. ees to close irregularly lower on the
"I VULTEE, PRESIDENT | Fiic inise wo oo BEER ‘RESIGNS HIS POST
% | Seaboard Air'e 13 1% 4 Std Oil Ind. 18 25% 25 | Marine Mid’l'd 12 23% 23% Good and Choice— Anaconda .... 10 26% 2016 | 210. 50 pounds . Radio Oop... 1p. 3% a cent a bushel lower, corn % to 3 | 330- 380 pounds ’ >| 360- 400 pounds lower, oats unchanged to off 1%,|gq0d— 1 2, 34 | 400- 450 ds .. ye ox 4 to %, and soybeans 3 $00- 430 pounds ‘ dium— NEW YORK, July 18 (U. P.).—| July wheat dropped !% to % cent 2350-580 pounds Richard W. Millar today announced |g pushel below yesterday's $1.16%%; . Slaughter Pigs his resignation as president and di-|jyly corn % lower than the prerector of Vultee Aircraft, Inc, and|yjous 877%; July oats 1% lower from as a director and executive com- 47%: July rye % below the previous mittee member of Consolidated Air- 65%: but the current soybean concraft Corp., a Vultee affiliate. ) 1 her from $1.74%. Mr. Millar's resignation, an- tract Anished % hig $ * nounced without explanation, coin"1; | cided with the disclosure that Voltee has expanded its operations further
Medium and Good— 80- 120 pounds CATTLE (200) Slaughter Cattle & Calves Steers RANGE High Low through the purchase of the Intercontinent Aircraft Corp. of Miami, the largest war plant in Florida. | | "All of the Intercontinent stock Dec 131% 122 120% fedium— outstanding was purchased by May. 1.26% 1.27 1.25% 1100-1130 Poin: srsasresesany Vultee for an undiscloted price from aan wh A Common s Wists D. Pawley, chairman of the gept.. 89% 90% .89% iami concern. , 028 Mr. Pawley and Comm. Bruce Dec... 02% 93% 93% ee pounds .. Leighton, president of Intercon- MY 9% 98% 97% 5 pounds tinent, are retiring from the com- : Good— a s|pany to devote weir i time to|2.: Aly GB on 500-1508 Pounds «:esssreeess war work in India and China. 50 50 9% Medium— | Don I. Carroll, vice president of LA 39% 0 “528 ong 900 pounds «| Vultee Aircraft, will have general| Rye— 500-900 pounds -.... 35 | supervision of the Miami plant, 2 . 3% Cows (all weights) which will become the fourth warHane plant now being operated by 5 9 ultee. Barley— Intercontinent has been one of |sept.. ..... the major subcontractors for Vultee, its parts production having been * keyed to keep pace with the plane production lines in Vultee plants.
BERNARD GIMBEL |= TOPS SALARY LIST =
. Wheat—No. 2 red tough, [email protected]; PHILADELPHIA, July 18 (U. P..| No. 2 hard tough, $1.09 8 ’ Croce —Gimbel Brothers, Inc, New York| Corn—nNo 1 yellow, 84%2@86%c: No. | 500- 800 pounds ..... and Philadelphia department store 6c; No. o* yellow, b3085%ac; Yo. 2 white, Jo -1050 pounds .. operators, paid Bernard F, Gimbel, Soybeans—No aC yellow, [email protected]%; 500- 800 pounds ...eeseccenee president, a 1941 salary of $100,000, No, o Yellow, smn 6: & Slo 1050 pounds .cecescsesccnc 0. ' ; . , the securities and exchange cOmM-|ggc: No. 3 white. Sage yy 3 Tule, 500-1000 ) pounds «evenness. mission reported today. Adam L. Gimbel, president of
46%2@47%c; No. 4 white, 44@46%c; No. 3| Com: white thin, 45%c; No. 3 @4654c; heavy, 500- 900 1 pounds ...ce.... ene 7 £7%c1 No. 1 mixed heavy, 47%ec; No. 1 Calves (Steers) a Saks and Co., New York, also re-|red special Jeavy, 47%c; No. 1 red spe-| 4 Choi ceived $100,000, and Jacques Blum, ce— president of Kaufman and Baer Co., » | Pittsburgh, earned $85,000 last year.
cial, 45@45? Barle oy Matting, 72@97cn; hard, 63@ | 500 pounds down............ [email protected] @62cn. Medium— Cash Provisions—Lard in store, $12.70b; The three are affiliate companies. Other corporation salaries for 1941
T0cn; feed, 55 500 pounds down.....cc.euann [email protected] loose. $11.90b; leaf, $12.40n; bellies, in the SEC's recent release:
5h. Calves (heifers) Hin. wey, neat U8" potas "Sowa. LOCAL GRAIN Federated Department Stores, CASH : Inc.—Fred Lazarus Jr. vice DPresi-| wheat weak: re ceipts, ) dent and treasurer of F. and R. ed, wo WngLity; No. 2 re 51. a Lazarus and So $101,140; Sha hard.” 81 08 is oN 09%@1.10%; No. 2 Lazarus, president o , an . rn—Easy; receipts, 49 cars; No. 2 11 0 : Lazarus and oor $100 500. co white” corm 10a io over elon. Tease; Universal-Cyclops rp.— |COfn, 1@2%c under. Walter H. Baker, president, $80,000; old, *iio4 Sc jgrecsivty a Bh edhe tte. E. L. Stockdale, Frank Garrett, J. ybeans—Easy: receipts, 1 car; Indiana Rinek and U. G. Miller, vice presidents, $61,000 each.
So; and linots No. 2 yellow, $1.61@1. William Filene’s Sons Co.—Ed-
12 Std Oil Oh pf. 107% Un Lt & Pr pf.. W Va Coal ..
Am-Viscose ... Am Water W.. Am Woolen pf.. 61% Anaconda 26% Armour Del pf. +109 Arnold Const . Atchison
2Y4
«$13 50@14. 25
[email protected] [email protected]
ss0sssscenses
Bald Loco ct... 10% Balt & Ohjo .. 3 Barber Asphalt 9 Barnsdall 9% Bath Ir Wks,.. 13% Bayuk Cig .... 20% Bendix Avn ... 31 Ben Ind Ln.. 12% Beth Steel .... 54 Bohn Al & Br.. 30 Bon Ami B.... 35 Borden Borg-Warner .. Bdgpt® Brass .. Briggs Mfg ....
[email protected] ... [email protected] teessecess.. [email protected] [email protected]
3% 2 8 = RETAIL SALES in Indiana during June dropped 2 per cent from May, held 1 per cent above r June last year. Six months’ total shows a 6 per cent in over last year. Indianapolis buying went up 1 per cent from May and was less than one-half of 1 per cent lower than June last year. Six month’s total shows a 2 per cent gain over last year. Note: These U. 8S. commerce department figures are for dollar volume but don’t give a perfect picture of the situation because prices have advanced considerably since last year. Thus, - actual amount of goeds sold is somewhat smaller than dollar volume would indicate.
Roger Budrow
Stock sales were 99,810 shir: smallest total for a two-hour :¢ sion since 90,000 were traded 24, 1940, and compared with 153, 650 a week ago. Curb stock files were 14,455 compared with 2815 in the preceding week.
13.85 13.65
seeesssssss
[1++:
3 High Low Ve —C— Cannon Mills... 31 Carriers & Gen 2% Caterpillar T.. . 36% Celanese 18% Celanese 5 pr pf 89% Celan 7 pr pf...115% Celanese 2d pf . Bh Cent Ill Lt p TYa Cerro de Pasco. Certn-td 6 pr pf Ches & Ohio... Chic Gt W Ry. . ChGt W Ry § pt Chrysler Climax Moly Co. Colgat P-P .... 1 oo Fuel & Iron
Col & So 2 pf.. Colum Gas .... Col Pictures ... Com Credit ... Com Inv Tr .... Comwlth & So. Com’th & So pf. Comwlth Edison Cong-Nairn .... Cons Coppermin
Choice— 700- 900 900-1100 1100-1300 1300-1500 Good— 700- 900 900-1100 1100-1300 1300-1500
2 | Medium —
Pac G & El. 4 | Pac Bin Cons Pac West oil... .
pounds ....... esas. [email protected] pounds ..... eessnens [email protected] pounds ... [email protected] pounds ... [email protected]
> 18 Ya Prev. 8% Close 2Ya
Open Close Wheat—
July. $1.16% $1.16% $1.15% . 1. Sept.. 1.18% 1.18% 1.17% ri
[+1+
Paramt Pict . Park Utah . . ord Pen
essesees [email protected] . [email protected] [email protected] [email protected]
seescecssae
pounds cesesssesesans pounds ...
3k [email protected] [email protected]
seesscee
Heifers
iL) 4
LJ 8 ”
LANDLORD’S NOTE: By failIng to fill out item No. 7 on your } rent registration forms, you are # x 2 causing considerable delay, the | ODDS AND ENDS: General Mo- of 25 per cent over June, 1941. OthIndianapolis area rent director (tors salvaged 81 million pounds of|er substantial gains were recorded reports. Answer to No. 7 (“the [scrap in its plants in June . . .|by drug, general and food stores. legal maximum rent”) should be |Ralph R. Teetor of the Perfect Motor vehicle dealers dropped 74 the same as No. 1 unless you |Circle (piston ring) Co. has been |per cent below last year’s figures but have made a major capital im- named to the Society of Automotive gained 5 per cent over May of this ¢ provement and believe you can [Engineers “war engineering com-|Year. establish the rent should be mand” to find new materials to higher than on July 1, 1941, supplant critical metals. . . . A Also: Don’t bother trying to |single “merit badge” may replace spell Herbert J. Reade’s name. [awards given outstanding war proJust mail all three copies to Area [duction firms by army, navy, mariRent Director, 612 Board of Trade [time commission, WPB and coast building. guard. It would be harder to earn.
Choice— [email protected] [email protected] .
[email protected] [email protected]
sece0sssnne
Pil
sees seRecsne
[email protected] 9.00010.25
seseesse
.85%2 87%
1% TVs
85% .68
13% 11% Cutter and common Canner Cont Cont Mot Cont Corn Crane col Crane Co cv pf. Cream Wht .... Crown Cork . Crown Cork pt. Crown Zeller ... Cuba Lee. Cudahy Curt Pub pr pf..
SEAT BRINGS $24,000 NEW YORK, July 18 (U. P)— New York Stock Exchange membership sold today at $24,000, unchanged from the previous transaction on July 9.
Bulls (all weights) (Yearlings Excluded)
Republic Stl .. Revere Cop ....
Reyn Tob B .. Richfield Oil ..
Soybeans— *July. July. Oct.. Dec... 1. 6%
1.74%b 1.743 | Beei—
1.74%b 1.74% 1.75%2 1.75% 1.T%b 1.77%
24% vasrerunsaneres Va 1.75% 174
Sausage— 1.717% 1.76% Goo 4
[email protected] Cutter and common 3.50@ 9 CALVES (50) Vealers (all weights) Good and choice
Cull (75 lbs. up) 7.50@ 10. Feeder & Stocker Cattle & Calves
Steers
Safew
12.70b 12.70
July 18, 1942 What's Cookin'?
Continued From Preceding Page Welliver, down at Keesler Field in Mississippi. finals and John had to eliminate tough little . « » Warman scored the only perfect:record Bobby Dahl. . .. The two sailors-to-be put on in the army’s general classification tests. . .s a grand fight. . . . Our Hank won out late Takes our boys to show ‘em, doesn’t it? ... yesterday afternoon, one up. So it goes. Oh, yes, been meaning to mention Cecil J. Ludlow, who's been running the elevator at Kinda Hot Here, Too the Federal building. .. . Cecil spent two YES, SIR, IT DID get hot this week. . . o We've had a lot of rain, you know. . .. The
hitches in the navy, from ’23 to '27, and from 29 to 41. ... Well,"Ceeil’s been hauling all skies just have kept dripping. . .. But sum- Pd ue &8.. 20% these navy recruits up the elevator to the mer was bound to come. ... And she did. Dep Bt .. 18 fourth floor at the Federal building and it . . . Got to 95 Thursday, 98 yesterday and Pid Pr en es 31% 3 finally got him, too. ... Yessir, Cecil's en- looks (and feels) like it's going to be easily Food Mach ... 33 321, listed and he’s on his way to the reserve that today. . . . Ran into the darndest thing. uz oe aviation base at Peru, Ind. ... The Gover- ... Garbage cans on the Soldiers and Sailors’ 27Y nor’s family’s splitting it up, too. . . . Henry monument! . . . That's right! ... A long P. Jr, is in the army, you know, and this row of ‘em, waiting for the trucks to come week, George W. enlisted in the navy. ... get ‘em. . . . They hold the rubbish, as well Off to Great Lakes went he. . . . Lieut. Har- as the grass cuttings, from our most cenold Howenstine (Camp Polk, La.) showed up trally located lawn. . . . One of the milk in town on important business. . . . He said wagon horses around here had to give way
Se rn ceee. 12.87 Curtiss-Wr . Seab’d oil a a—Ask; n—Nominal; . Seagrave | Davison Chem. 9% yi Snes - 55 Deere £ C0unes Sharon Stl .. | Stason SH pf .
Dist Seag pf .. Dome nes Du Pont ..
veseeess [email protected] [email protected]
[email protected] ° [email protected]
[email protected] [email protected]
.. 11% 11 sessesessns eee 119% 110% —F— Bast Kodak ...134 134 Elec Aut .. 27 27 Elec Fo at 11% Music I i
Elec & Elec Pwr yg Ls Elgc St Bat bad ees 7-32 6%
Skelly Oil .. Soc-Vacuum..... 8 So Am Gold ... 3 [SO Cal Ed ...
Byais Bldg
Erie cf ".
vee [email protected] Medium— 500 pounds down.......... .. [email protected]
SHEEP AND LAMBS (25)
Ewes (shorn) Good and choice... Common 'and choice Spring Lambs Good and choice
Medium and good . Common
[+1:1
+4: wl
Ya 11 cars 23% —T 8% . 36 2Ys 5% 2% 19% 8%
wi Co... Gen Bak pf.. Swit Intl ....
Tenn COIrp .... Texas Co % | Texas Gulf Pr.. Tex Pac L .
CHICAGO LIVESTOCK
Hogs—Reteipts, 300; salable supplies odd lots hogs as yet; early bids around $14.75 for hogs scaling 220 lbs. and down, barely
ae
?| Thompson Pr ... Tide W A Oil.. 3 Timk-D Ax .... A Truax Tra ... 20th Cen Fox . | TWin C'R T.
ESE
BS
oy i . Grea -Paige . Grant pf .
3% WAGON WHEAT 1 oii 23% Gt North pf.. 21
to the close of the Chicago market
“I do,” and Mary Ann Lookabill became the
"missus. . . . Congratulations!
Imagine Crying About It! HAD SOME FUN up at the W
morial Plaza the other night. . . . The State
- Guard was having a demonstration
for a truck. ... The milkman said his horse “just didn’t have enough sense for a milk route.” . . . Said she was getting into accidents with parked cars and then ran head-on into one parked machine and smashed it pretty badly. . . . If you run out of tanks around your camp, drop us a note and we'll see if we can’t locate Iron-Ribs Nellie!
ar Me-
of tear
gas. . . . The State Police shot a shell from
the south end of the plaza (range, 125
put a gust of warm air sent it spinning an extra 100 yards and it landed right in the middle of all the civillan spectators. . . «
Matter of fact, it hit a car owned by Smart, of Southport. . . . Everybody to cry, good-naturedly, of course. ..
clally George. . . . His eyes were smarting
(oops, sorry!) . . . Oh, say, theyre
about having a blackout here. . . . But ap= parently not for a few weeks. . . . More than 900 folks around here have finished their air raid warden courses and lots more are attending the 55 schools in progress.
Just Can’t Get the Range
THE OLD HOME TOWN ball club, the Indians, just can't seem to get the range. We're down in the second division, 8% games out of first, only two of the boys are hitting above .300 (Bestudik, .326, and and ol’ Gabby Hartnett
Blackburn; 317). keeps walking the floors at night. . . been playing spotty baseball, but
these days, we're going to get the range and
first thing you know we’ll be in the fi
sion. . . . Wait and see! . .. Milt Galatzer, the outfielder, left the Tribe the other day.
Your army’s taken him. ... If
' into him, say “Hello” for us at home. . . . © We had a busy week keeping up with the golfers. . . . First off, Henry Kowal won the city amateur championship, beating Reese be Berry, 3 and 2, in the finals at South Grove. © 4. Then, all the boys moved up to Lafayette
Jor the state amateur. . . . It wound : y morning with Brother Kowal ‘John David in the finals (both of
to be in Navy uniforms before long!), . Hank had fo beat Bill Reed in the semi-
And, Oh Yes, Politics—
IT TURNED O early in the week, that our state has a nice fat surplus. . . . You
yards),
George started . Espe-
with at the moment. . . . Well, the Republican state. auditor, Mr. James, beat our Democratic governor, Mr. Schricker, to the punch, ... He advised giving all the state's teachers $100 more each salary, out of the state's funds, thus cutting down property taxes at the same time. . . . There’s nothing like raising pay and cutting taxes at the same time, is there? . .. Well, that was no sooner over, 4 than the Republicans around town started talking about a new county chairman to succeed Mr. Bradford and, lo and behold! they came up with the name of Henry Ostrom, who was Gen. Tyndall's rival in the last mayoralty primary. . . . Nice teamwork, what? ... Have to ask the Democrats what they think about it, though. . . . Don’t know much about politics, ourselves, even if we
_ We've are Hooslers. . . ,
She of We're Looking After Things
THAT'S HOW. IT GOES in the old home town. . . . It's July, kinda hot and sticky. ... It's tough going on the grass. . . . Cutting it, we mean. . . . The girls are wearing slacks and no stockings. . . . The stores now open at 10 o'clock and close at 5:30 (staggering our hours, see!), except on Mondays, when we open at 12:15 and close at 8:45. . . . Everybody's worrying about their rubber and trying hard to make it last. . . . More and more of the boys (and now the girls, too!) are leaving. . . . And we're thinking of all of you all the time. ... We'll take good care of things. . . . And you take good care of yourselves. . . . That’s that until next Saturday.
talking
rst divie
you run
up yesand big ‘em are
know, more money than we know what to do
| | | | | | 1 | I | 1 | 1 | | | | | | | | | | I 1 1 1 | | | J; | | | [ |
» + HELE
Gt West Sug.. Ban 23Y2 Gt W Sug pt. 138% 235% ‘Green H L.. 31% 31% Greyhound Cp. 12% 12% Grumman A E 10% 10%
—H— Harb-Walk .... 14% 14% Hayes Mfg .... Hazel At al... Hecker Prod . Herc. Mot Holland Furn .. 23 Homestake .... 3i0s 34%
ln Indos. x & Lt 1 H% Ind R 24Y, 10%, 5%
11% 24Y, Inspiration Cop 10% Insshs cts Me. 5% Intercon Rub... T% Interlake Ir ... 6% Int’ Harvester .. 49 Int M Marine .. 73% Int Min & Chm 67s Int Nickel ..... 2612 26% Int Paper 10 10 Int Shoe ....... 37% 27% Int T&T 2% 2% Intst D 8 pf.. . 90 90 Fi Jarvis Co 6% Johns-Man .... 58 Jones & Lgh .. 20%
7 6% 48% 1%
81% 57% 20%,
Kan C Sou .... Kennecott
Kroger G &B..
Laclede G pf... 3
an oh ; Lerner Strs .... L-O-F Sees... Libby Mena Ligg & My B Lion Oil Ref ..
SRNR RRRRES
| >
Lorillard
Lorillard pf....140
Mack Tr ..... oo 20% Madison Sg G.. 10%2 Marine Mid ... 2% oe. 10% -18% McKes & Rob... 11% Mead Cp pf B nu Melville 8h .... 28% Mengel Mident Pet Minn-Hny Mission Cp .... Mo-K Tex pf.. Monsant pf A..117 Mont Ward .. 30% MUrray ....... 5%
McCall Crp
Nash-Kelv N Ch&St!
Nat Dairy .... Nat Distillers.. Neat Gypsum ...
3 | Un Pacific
3% Un Dyewood ot 40
% Worthing pt. =
5 Young S & es
% | Zenith es 14%
% | Clearings
Und Ell Fish.. 36% Union Carb .... 68 Un El M 45pf.. 108%
Un Aire pf .... Un Air Lns .. Un Biscuit ... 14% United Crp ... 5-16 United Cp pf.. 11% United Drug . 5%
11%
. B5Ya
U 8 Steel ... U § Steel pf . Stk Yd ....
Vie Chem ..... 38 38 Victor th on 22 22 Va-Caro 6 . 34Y, 34Y, Vulcan Pett «eo 5 5 —W— Wabash pf .... «234 22% Walgreen .... Warner Bros ... 5 Wayne Pump.. 15% W Pa El f.. 57 ..107% .. 16 ceo. 25% vo 15% Westing El .... Westvaco pf....1 Wheel Steel . 2 White Mot . White Sew M. 1 Woolworth 45% —Y— . Sh 6% 31 30% —T—
Young Sheet .
14%;
WASHINGTON, July 18 i P.) ernment expenses and receip current fiscal year through Tay 1 pared with a me xo:
Bxpenses. $ 2 i 606,200.31 § 858 58! 8.413, 381 74 3
2433 84.59 2,249, 135.074. 12 4,189,380,460.91 3, i he ,959.
Clearings ..,ec.ecc0eeee Debits eeseesetenns This
ees esssccrtaans
Debits
Heavy breed hens, full-featherad, Leghorn hens, 14%ec. Broilers, 2 lbs and over; white and Springers, 8 lbs. and over; colo barred and white rock, 23c. All No. 2 poultry 3 cents less. Esgs—Current receipts 54 lbs. 27%ec. Grated s—Grade large, 33 A, rated Be ie: Si gy pt small, grade, 26c. Butter—No. 1, Donke: 38%e: butterfat, No. 1
color!
No. § , 36¢; No. 2,
Ya | Gen a (u) in
ward J. Frost and Louis E. Kirstein, vice president, $80,000 each. Coty International Corp. paid
% | Grover A. Whalen $9400 as director |g
and chairman of the board.
Chicago Stocks
ign
3 Y% - 23%
Net Close Cassgs Armour & £0. 3
Gardner-Denver
Leath pf Libby McN & L. Morntg Ward . No'west ‘Airl .. Republic St (w ih Stein A & Co
LOCAL ISSUES
Nominal quotations furnished by local unit of National Association of Securities
Dealers. Stocks Bid Ask
Belt RR Stk Yds eessssss Bl Belt RR See ji : pid eecesess B3 Bobhs-Merril 4 Bobb: Morrill a pfd veeeee 45 Circle Theater com ....cceees 25 Comwlth 10am 5% ptd . eeeses 90 0 com 12% Gt Wayne 7% pfd 50 ore Ind Asso Tel 5% pid ........ 93% Ind & Mich 7% pid 106 - ... Int Hydro Elec 7% pfd....... 32 Ind Gen Serv 6% pfd ......103 Indpls P&L 5%% pid . ceccess 93% Indpls P&L com eeeea 11 Indpls Water 5% pta’ .. ..1103% Indpls Water Class A com.... 15 In Loan Co 5%% pid... 83 In Nat Life Ins com 26 i Pub Serv 52% pid. see Ind Pub Serv 6% pfd ...... i Pub Serv 7% pfd...... 92 Progress Laundry com Pub Serv of Ind 5% pfd . Pub Serv of Ind Inc com.. *So Ind Sa 482 . Union Title C United Tel Co. 5% % oe Van Camp Milk ‘pta cesssassas Van ‘Camp Milk com cecieecose
Bonds ’
58 Algers Witis'w W RR 4348 ....
American Loan 58 American Loan 5s 45 Cent Newspaper 4Y28 42-51... Ch of Com Bldg Co. 4'as 51 Citizens Ind Tel 4%s 61 .. Consol Fin 5s . Crabb-Reynolds-Taylor 4s’ een Home T&8 Fh ig Svas 5%, 108 Home T&T Ft Wayne 5s 43....103 oc Tel Co 3has 70......105 3%s 70 1108
o W Kuhner Puoking Co 4%s 4...’8 5&10 Stores bs e Water Works 5s 65....104% d Pub Serv 3%s 69.. 107 Tel 4%s 5s .... b Tel 4
forri
Trac Term “Ex-Dividen
a Bonds
U. 8. GOVERNMENT BONDS Treasury Bonds
Low Close gui)»
an- 200s. 1003-84 JR has 1x8
0 today, Indianapolis flour mills and grain elevators paid $1.05 per bushel for No. 2 red wheat (other grades on their merits). No. 1 yellow shelled corn was 82c per bushel and No. 2 white shelled corn, 88c; No. 3 white oats, 45c, and No. 3 red oats,
FOREIGN EXCHANGE
NEW YORK, July 18 (U. P.).—Following are closing cable rates on major currenEngland (pound) seeeeee 84.04 Canada (dollar) Cuba (peso)
3% Mexico (peso)
2 TRACTION LIGHT CO.
WILL SELL ASSETS
PHILADELPHIA, July 18 (U. P.). —A proposal for dissolution of Traction Light & Power Co. was received today by the securities and exchange commission. The proposal included plans for acquisition by the trustee of Midland United Co., now in Delaware federal court reorganiaztion, of Traction asstts, consisting of 17,906.19 shares of Public Service Co. of Indiana, Inc., common stock, valued at approximately $64,000, in exchange for all outstanding capital stock, 500 shares of $100 par common, -and $288,550 in promissory notes. Return to Traction of the capital stock and notes will effect immediate dissolution of the company.
BUSINESS AT A GLANCE
Exchange Buffet Corp. fiscal year ended April 30 net loss $7127 vs. net loss $111,480 previous year. General Electric Co., Ltd., year ended March 31 net profit 1,625,137 pounds vs. 1,722,543 pounds previous year. Walter E. Heller & Co. six months ended June 30 net profit $270,391 or 85 cents a common share vs, $288,997 or 93 cents year ago. Mountain States Telephone & Telegraph Co. June quarter net income $941,755 or $1.96 a share va.| $882,587 or $1.84 year ago. ¥ ings Co. quarter ended June ot | profit $265,943 or 55 cents a share vs. $473,629 or 98 cents y Sar 289, : Consolidated Sand & Gra!
Connecticut Light & Power months ended June 30, $3,583,500 or $2.63 a cor
National Malleable & Steel Cast-|
27 net}
steady; for the week: The week's top for 180-240 1b. butcher hogs reached $15, again paid freely by shippers; good 400-550 lb. sows brought up to $13.85; a very moderate supply of 160-180 1b. butchers reached $14.8 Cattle—Receipts, 100; calves, receipts, none; for the week: Grain-fed steers and yearlings advanced 25@50 cents higher, with medium to average-good grades show= ing the full advance; fed heifers. shared the steer advance, with strictly choice 846-1b. averages reaching $14.25; prime 1259-1b. cows were weak to 25 cents lower, cutters bringing $8.50 down and beef kind selling up to only $9.25; heavy sausage offerings were up to $11. 90, 15@25¢ lower; vealers remained scarce and active, up to $15. Sheep—Receipts, 100; -for the week: spring lambs closed steady to 25 cents lower with a top of $14.40 after reaching a week's top of $14.60; yearlings reached $12, and 91-1b. shorn California spring lambs, $13.85; Montana springers brought $14. 40 get iightweight fat ewes, topped at §
OTHER LIVESTOCK
FT. WAYNE, July 18 (U. P.).—Hogs: 5 to 19 cents higher; 220-240 1bs.,. $14. 200-220 lbs., $14.85; 180-200 Ibs, 160-180 1lbs., $14.75; 240-260 Ibs, 260-280 1bs., $14.56; 280-300 1lbs., 300-350 1bs., $14.35; 350-400 lbs, 150-160 lbs., $14 4.35; 140-150 1bs., $14. 130-140 lbs., $13.85; 100-130 1lbs., $13.60. Roughs, $13.25; stags, $11. 50; calves, $14.50: lambs, $13.50; yearlings, $8.50@ 11.50; ewes, $5.
SEARS DIVIDEND CHICAGO, July 18 (U. P.).—Di-
dividend of 75 cents a share on the capital stock, payable Sept. 10 to stockholders of record Aug. 10.
Watch Your Papers Tomorrow and Monday for News of
rectors of Sears, Roebuck & Co, to-" day declared the regular quarterly .
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